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      <regStreet1>702 King Farm Blvd., Suite 200</regStreet1>
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      <regZipOrPostalCode>20850</regZipOrPostalCode>
      <regPhone>301-296-5100</regPhone>
      <seriesName>S&amp;P SmallCap 600 Pure Value Fund</seriesName>
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      <repPdEnd>2024-03-31</repPdEnd>
      <repPdDate>2023-06-30</repPdDate>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orion Office REIT Inc</name>
        <lei>254900ZBXYX11W8ZL437</lei>
        <title>Orion Office REIT, Inc.</title>
        <cusip>68629Y103</cusip>
        <identifiers>
          <isin value="US68629Y1038"/>
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        <balance>1775.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11732.75000000</valUSD>
        <pctVal>0.174621596514</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>NETGEAR Inc</name>
        <lei>54930067KX3UNRHDWA78</lei>
        <title>NETGEAR, Inc.</title>
        <cusip>64111Q104</cusip>
        <identifiers>
          <isin value="US64111Q1040"/>
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        <balance>1487.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21055.92000000</valUSD>
        <pctVal>0.313380781699</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>Kelly Services Inc</name>
        <lei>N/A</lei>
        <title>Kelly Services, Inc.</title>
        <cusip>488152208</cusip>
        <identifiers>
          <isin value="US4881522084"/>
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        <balance>5733.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>100958.13000000</valUSD>
        <pctVal>1.502586336685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Meritage Homes Corp</name>
        <lei>52990044W9UMFJO2FB97</lei>
        <title>Meritage Homes Corp.</title>
        <cusip>59001A102</cusip>
        <identifiers>
          <isin value="US59001A1025"/>
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        <balance>622.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88491.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Interface Inc</name>
        <lei>549300VXZWQOIDFPU355</lei>
        <title>Interface, Inc.</title>
        <cusip>458665304</cusip>
        <identifiers>
          <isin value="US4586653044"/>
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        <balance>2246.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19742.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tri Pointe Homes Inc</name>
        <lei>N/A</lei>
        <title>Tri Pointe Homes, Inc.</title>
        <cusip>87265H109</cusip>
        <identifiers>
          <isin value="US87265H1095"/>
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        <balance>3810.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>125196.60000000</valUSD>
        <pctVal>1.863333845024</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SunCoke Energy Inc</name>
        <lei>1KF1J2NXQE2PI0QOB943</lei>
        <title>SunCoke Energy, Inc.</title>
        <cusip>86722A103</cusip>
        <identifiers>
          <isin value="US86722A1034"/>
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        <balance>6337.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49872.19000000</valUSD>
        <pctVal>0.742260888494</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>JBG SMITH Properties</name>
        <lei>N/A</lei>
        <title>JBG SMITH Properties</title>
        <cusip>46590V100</cusip>
        <identifiers>
          <isin value="US46590V1008"/>
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        <balance>1598.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24033.92000000</valUSD>
        <pctVal>0.357703137023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lumen Technologies Inc</name>
        <lei>8M3THTGWLTYZVE6BBY25</lei>
        <title>Lumen Technologies, Inc.</title>
        <cusip>550241103</cusip>
        <identifiers>
          <isin value="US5502411037"/>
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        <balance>41299.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93335.74000000</valUSD>
        <pctVal>1.389140306465</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ready Capital Corp</name>
        <lei>549300MYWGZUG7ZUYO87</lei>
        <title>Ready Capital Corp.</title>
        <cusip>75574U101</cusip>
        <identifiers>
          <isin value="US75574U1016"/>
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        <balance>1553.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17517.84000000</valUSD>
        <pctVal>0.260722608790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clearwater Paper Corp</name>
        <lei>549300HCVV19GXN4P292</lei>
        <title>Clearwater Paper Corp.</title>
        <cusip>18538R103</cusip>
        <identifiers>
          <isin value="US18538R1032"/>
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        <balance>1565.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49015.80000000</valUSD>
        <pctVal>0.729515011437</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>GMS Inc</name>
        <lei>52990057RENOQO4U0D72</lei>
        <title>GMS, Inc.</title>
        <cusip>36251C103</cusip>
        <identifiers>
          <isin value="US36251C1036"/>
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        <balance>660.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45672.00000000</valUSD>
        <pctVal>0.679748358741</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>Scholastic Corp</name>
        <lei>N/A</lei>
        <title>Scholastic Corp.</title>
        <cusip>807066105</cusip>
        <identifiers>
          <isin value="US8070661058"/>
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        <balance>438.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17033.82000000</valUSD>
        <pctVal>0.253518812140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Universal Corp/VA</name>
        <lei>549300BZXZ66F6DTIF20</lei>
        <title>Universal Corp.</title>
        <cusip>913456109</cusip>
        <identifiers>
          <isin value="US9134561094"/>
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        <balance>623.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31112.62000000</valUSD>
        <pctVal>0.463057286327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mativ Holdings Inc</name>
        <lei>549300Z1FU4IDULG1R21</lei>
        <title>Mativ Holdings, Inc.</title>
        <cusip>808541106</cusip>
        <identifiers>
          <isin value="US8085411069"/>
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        <balance>2934.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44362.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enova International Inc</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>Enova International, Inc.</title>
        <cusip>29357K103</cusip>
        <identifiers>
          <isin value="US29357K1034"/>
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        <balance>440.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23372.80000000</valUSD>
        <pctVal>0.347863514608</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AdvanSix Inc</name>
        <lei>5493009TPRODMCAZLF67</lei>
        <title>AdvanSix, Inc.</title>
        <cusip>00773T101</cusip>
        <identifiers>
          <isin value="US00773T1016"/>
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        <balance>642.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22457.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Genworth Financial Inc</name>
        <lei>549300EMCG286BDNKJ33</lei>
        <title>Genworth Financial, Inc.</title>
        <cusip>37247D106</cusip>
        <identifiers>
          <isin value="US37247D1063"/>
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        <balance>18720.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93600.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HNI Corp</name>
        <lei>549300SKRADLC4O5HV93</lei>
        <title>HNI Corp.</title>
        <cusip>404251100</cusip>
        <identifiers>
          <isin value="US4042511000"/>
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        <balance>737.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20768.66000000</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>SMART Global Holdings Inc</name>
        <lei>529900RDGHQY8XKXPN14</lei>
        <title>SMART Global Holdings, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG8232Y1017"/>
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        <balance>1408.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40846.08000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Navient Corp</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>Navient Corp.</title>
        <cusip>63938C108</cusip>
        <identifiers>
          <isin value="US63938C1080"/>
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        <balance>3185.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>59177.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sonic Automotive Inc</name>
        <lei>549300NTLRGJ2JCBZU03</lei>
        <title>Sonic Automotive, Inc.</title>
        <cusip>83545G102</cusip>
        <identifiers>
          <isin value="US83545G1022"/>
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        <balance>997.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47526.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pebblebrook Hotel Trust</name>
        <lei>5493004Q1NNH6JXCSI52</lei>
        <title>Pebblebrook Hotel Trust</title>
        <cusip>70509V100</cusip>
        <identifiers>
          <isin value="US70509V1008"/>
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        <balance>2881.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40161.14000000</valUSD>
        <pctVal>0.597728783503</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Oil States International Inc</name>
        <lei>5493004TF4KQJGMYL777</lei>
        <title>Oil States International, Inc.</title>
        <cusip>678026105</cusip>
        <identifiers>
          <isin value="US6780261052"/>
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        <balance>7825.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58452.75000000</valUSD>
        <pctVal>0.869967614214</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>BARCLAYS CAPITAL INC.</name>
        <lei>AC28XWWI3WIBK2824319</lei>
        <title>Barclays Capital, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="REPO-BARC"/>
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        <balance>9729.93000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9729.93000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="AC28XWWI3WIBK2824319" name="BARCLAYS CAPITAL INC."/>
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          <isTriParty>Y</isTriParty>
          <repurchaseRt>5.06000000</repurchaseRt>
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            <repurchaseCollateral>
              <principalAmt>9503.36000000</principalAmt>
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              <collateralVal>9924.54000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
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          </repurchaseCollaterals>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Universal Insurance Holdings I</name>
        <lei>529900GGAZ6WVUCWQM46</lei>
        <title>Universal Insurance Holdings, Inc.</title>
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          <isin value="US91359V1070"/>
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        <balance>3391.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52323.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DISH Network Corp</name>
        <lei>529900U350CWHH15G169</lei>
        <title>DISH Network Corp.</title>
        <cusip>25470M109</cusip>
        <identifiers>
          <isin value="US25470M1099"/>
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        <balance>13857.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91317.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Trinseo PLC</name>
        <lei>549300TJ3HIGDA2Z8315</lei>
        <title>Trinseo plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE0000QBK8U7"/>
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        <balance>2182.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27645.94000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>America's Car-Mart Inc/TX</name>
        <lei>N/A</lei>
        <title>America's Car-Mart, Inc.</title>
        <cusip>03062T105</cusip>
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          <isin value="US03062T1051"/>
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        <balance>968.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96587.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>American Woodmark Corp</name>
        <lei>5299007PFSDWMA74RB56</lei>
        <title>American Woodmark Corp.</title>
        <cusip>030506109</cusip>
        <identifiers>
          <isin value="US0305061097"/>
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        <balance>790.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>60332.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aaron's Co Inc/The</name>
        <lei>N/A</lei>
        <title>Aaron's Company, Inc.</title>
        <cusip>00258W108</cusip>
        <identifiers>
          <isin value="US00258W1080"/>
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        <balance>7448.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>105314.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Century Aluminum Co</name>
        <lei>549300U5ODNGEYWKSW73</lei>
        <title>Century Aluminum Co.</title>
        <cusip>156431108</cusip>
        <identifiers>
          <isin value="US1564311082"/>
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        <balance>6705.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58467.60000000</valUSD>
        <pctVal>0.870188630660</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>Helix Energy Solutions Group I</name>
        <lei>416AP2JOUTCWEGSOZW41</lei>
        <title>Helix Energy Solutions Group, Inc.</title>
        <cusip>42330P107</cusip>
        <identifiers>
          <isin value="US42330P1075"/>
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        <balance>4353.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32125.14000000</valUSD>
        <pctVal>0.478126887137</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>B&amp;G Foods Inc</name>
        <lei>549300TRW1LZMDJZAQ78</lei>
        <title>B&amp;G Foods, Inc.</title>
        <cusip>05508R106</cusip>
        <identifiers>
          <isin value="US05508R1068"/>
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        <balance>3081.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42887.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="32155.20000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>TTM Technologies Inc</name>
        <lei>549300SC4BDOIS008048</lei>
        <title>TTM Technologies, Inc.</title>
        <cusip>87305R109</cusip>
        <identifiers>
          <isin value="US87305R1095"/>
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        <balance>1971.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27396.90000000</valUSD>
        <pctVal>0.407755250691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ambac Financial Group Inc</name>
        <lei>5493000UC0RBBNDHI717</lei>
        <title>Ambac Financial Group, Inc.</title>
        <cusip>023139884</cusip>
        <identifiers>
          <isin value="US0231398845"/>
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        <balance>1903.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27098.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Guess? Inc</name>
        <lei>549300QVH3ZK2DW0KP86</lei>
        <title>Guess?, Inc.</title>
        <cusip>401617105</cusip>
        <identifiers>
          <isin value="US4016171054"/>
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        <balance>1103.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21453.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Granite Construction Inc</name>
        <lei>549300OM4BWMCIXVCZ39</lei>
        <title>Granite Construction, Inc.</title>
        <cusip>387328107</cusip>
        <identifiers>
          <isin value="US3873281071"/>
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        <balance>525.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20884.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Viasat Inc</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>Viasat, Inc.</title>
        <cusip>92552V100</cusip>
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          <isin value="US92552V1008"/>
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        <balance>976.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40269.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ScanSource Inc</name>
        <lei>7FHBAN017QDY4K2KP156</lei>
        <title>ScanSource, Inc.</title>
        <cusip>806037107</cusip>
        <identifiers>
          <isin value="US8060371072"/>
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        <balance>2336.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69052.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GEO Group Inc/The</name>
        <lei>54930024XOXET7NQVZ63</lei>
        <title>GEO Group, Inc.</title>
        <cusip>36162J106</cusip>
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          <isin value="US36162J1060"/>
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        <balance>3321.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23778.36000000</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>American Axle &amp; Manufacturing</name>
        <lei>N/A</lei>
        <title>American Axle &amp; Manufacturing Holdings, Inc.</title>
        <cusip>024061103</cusip>
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          <isin value="US0240611030"/>
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        <balance>3869.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31996.63000000</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>ABM Industries Inc</name>
        <lei>QF02R89VEIOROM77J447</lei>
        <title>ABM Industries, Inc.</title>
        <cusip>000957100</cusip>
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          <isin value="US0009571003"/>
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        <balance>717.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30580.05000000</valUSD>
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        <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>EZCORP Inc</name>
        <lei>5493003K6PG3ZQ7TUQ63</lei>
        <title>EZCORP, Inc.</title>
        <cusip>302301106</cusip>
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          <isin value="US3023011063"/>
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        <balance>5473.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45863.74000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Anywhere Real Estate Inc</name>
        <lei>5493004HBTOTE9DI9P12</lei>
        <title>Anywhere Real Estate, Inc.</title>
        <cusip>75605Y106</cusip>
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          <isin value="US75605Y1064"/>
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        <balance>13095.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87474.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sally Beauty Holdings Inc</name>
        <lei>529900VXW6E8ONDIQ271</lei>
        <title>Sally Beauty Holdings, Inc.</title>
        <cusip>79546E104</cusip>
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          <isin value="US79546E1047"/>
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        <balance>2651.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32739.85000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>World Kinect Corp</name>
        <lei>D3W7PCXCBRQLL17DZ313</lei>
        <title>World Kinect Corp.</title>
        <cusip>981475106</cusip>
        <identifiers>
          <isin value="US9814751064"/>
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        <balance>2615.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54078.20000000</valUSD>
        <pctVal>0.804860038835</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>Veritiv Corp</name>
        <lei>529900VQARHWQROHAS58</lei>
        <title>Veritiv Corp.</title>
        <cusip>923454102</cusip>
        <identifiers>
          <isin value="US9234541020"/>
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        <balance>305.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38311.05000000</valUSD>
        <pctVal>0.570193408634</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>G-III Apparel Group Ltd</name>
        <lei>529900O5KABM3R3SFM87</lei>
        <title>G-III Apparel Group Ltd.</title>
        <cusip>36237H101</cusip>
        <identifiers>
          <isin value="US36237H1014"/>
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        <balance>6657.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>128280.39000000</valUSD>
        <pctVal>1.909230700673</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</name>
        <lei>5UZ46ZCYUFYYAC0DS831</lei>
        <title>Brandywine Realty Trust</title>
        <cusip>105368203</cusip>
        <identifiers>
          <isin value="US1053682035"/>
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        <balance>4243.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19729.95000000</valUSD>
        <pctVal>0.293646022301</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>Stewart Information Services C</name>
        <lei>529900TV1XI0PLKENU10</lei>
        <title>Stewart Information Services Corp.</title>
        <cusip>860372101</cusip>
        <identifiers>
          <isin value="US8603721015"/>
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        <balance>1806.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>74298.84000000</valUSD>
        <pctVal>1.105809129146</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Radian Group Inc</name>
        <lei>54930005OUP720S5U385</lei>
        <title>Radian Group, Inc.</title>
        <cusip>750236101</cusip>
        <identifiers>
          <isin value="US7502361014"/>
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        <balance>1679.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42445.12000000</valUSD>
        <pctVal>0.631721857080</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ebix Inc</name>
        <lei>549300DHXVZR5SW5QR44</lei>
        <title>Ebix, Inc.</title>
        <cusip>278715206</cusip>
        <identifiers>
          <isin value="US2787152063"/>
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        <balance>2439.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61462.80000000</valUSD>
        <pctVal>0.914766978096</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>Ichor Holdings Ltd</name>
        <lei>529900PS8R2JVLJ2H892</lei>
        <title>Ichor Holdings Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG4740B1059"/>
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        <balance>706.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26475.00000000</valUSD>
        <pctVal>0.394034371117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Signet Jewelers Ltd</name>
        <lei>549300N3XPGE91WV7M22</lei>
        <title>Signet Jewelers Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG812761002"/>
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        <balance>460.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30019.60000000</valUSD>
        <pctVal>0.446789582896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Heidrick &amp; Struggles Internati</name>
        <lei>5493006284N2J367VB57</lei>
        <title>Heidrick &amp; Struggles International, Inc.</title>
        <cusip>422819102</cusip>
        <identifiers>
          <isin value="US4228191023"/>
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        <balance>1079.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28561.13000000</valUSD>
        <pctVal>0.425082791235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Par Pacific Holdings Inc</name>
        <lei>549300BTNS7MHSHRLR55</lei>
        <title>Par Pacific Holdings, Inc.</title>
        <cusip>69888T207</cusip>
        <identifiers>
          <isin value="US69888T2078"/>
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        <balance>1973.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52501.53000000</valUSD>
        <pctVal>0.781394045561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Century Communities Inc</name>
        <lei>5299002QMB2O7ZL1CA26</lei>
        <title>Century Communities, Inc.</title>
        <cusip>156504300</cusip>
        <identifiers>
          <isin value="US1565043007"/>
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        <balance>1630.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>124890.60000000</valUSD>
        <pctVal>1.858779566741</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Service Properties Trust</name>
        <lei>529900IS770AG1K9QG27</lei>
        <title>Service Properties Trust</title>
        <cusip>81761L102</cusip>
        <identifiers>
          <isin value="US81761L1026"/>
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        <balance>2641.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22950.29000000</valUSD>
        <pctVal>0.341575187426</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>
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      <invstOrSec>
        <name>Hudson Pacific Properties Inc</name>
        <lei>N/A</lei>
        <title>Hudson Pacific Properties, Inc.</title>
        <cusip>444097109</cusip>
        <identifiers>
          <isin value="US4440971095"/>
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        <balance>3419.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14428.18000000</valUSD>
        <pctVal>0.214738388391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Green Dot Corp</name>
        <lei>N/A</lei>
        <title>Green Dot Corp.</title>
        <cusip>39304D102</cusip>
        <identifiers>
          <isin value="US39304D1028"/>
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        <balance>1101.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20632.74000000</valUSD>
        <pctVal>0.307082482731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Consolidated Communications Ho</name>
        <lei>529900F6S64KOO8CXH48</lei>
        <title>Consolidated Communications Holdings, Inc.</title>
        <cusip>209034107</cusip>
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          <isin value="US2090341072"/>
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        <balance>11318.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43347.94000000</valUSD>
        <pctVal>0.645158764008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Designer Brands Inc</name>
        <lei>549300X8J6FI8PPRK859</lei>
        <title>Designer Brands, Inc.</title>
        <cusip>250565108</cusip>
        <identifiers>
          <isin value="US2505651081"/>
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        <balance>3443.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34774.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enviri Corp</name>
        <lei>KAO98FK89NPNNPQGUZ43</lei>
        <title>Enviri Corp.</title>
        <cusip>415864107</cusip>
        <identifiers>
          <isin value="US4158641070"/>
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        <balance>7534.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>74360.58000000</valUSD>
        <pctVal>1.106728021764</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DXP Enterprises Inc/TX</name>
        <lei>N/A</lei>
        <title>DXP Enterprises, Inc.</title>
        <cusip>233377407</cusip>
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          <isin value="US2333774071"/>
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        <balance>1904.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>69324.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SiriusPoint Ltd</name>
        <lei>549300OGXFI85N3YZZ51</lei>
        <title>SiriusPoint Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG8192H1060"/>
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        <balance>5162.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46612.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pitney Bowes Inc</name>
        <lei>549300N2O26NW4ST6W55</lei>
        <title>Pitney Bowes, Inc.</title>
        <cusip>724479100</cusip>
        <identifiers>
          <isin value="US7244791007"/>
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        <balance>6196.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21933.84000000</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>ArcBest Corp</name>
        <lei>5493006S3KBNE8ZS3J23</lei>
        <title>ArcBest Corp.</title>
        <cusip>03937C105</cusip>
        <identifiers>
          <isin value="US03937C1053"/>
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        <balance>503.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49696.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MarineMax Inc</name>
        <lei>254900TIXTN8WY3FNN63</lei>
        <title>MarineMax, Inc.</title>
        <cusip>567908108</cusip>
        <identifiers>
          <isin value="US5679081084"/>
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        <balance>2213.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>75596.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PC Connection Inc</name>
        <lei>5299005WPRNIXDV2KM73</lei>
        <title>PC Connection, Inc.</title>
        <cusip>69318J100</cusip>
        <identifiers>
          <isin value="US69318J1007"/>
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        <balance>521.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23497.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Benchmark Electronics Inc</name>
        <lei>549300W18RHYZOZKOP53</lei>
        <title>Benchmark Electronics, Inc.</title>
        <cusip>08160H101</cusip>
        <identifiers>
          <isin value="US08160H1014"/>
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        <balance>2043.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52770.69000000</valUSD>
        <pctVal>0.785400024460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CoreCivic Inc</name>
        <lei>529900JFA3K6PTLT8B15</lei>
        <title>CoreCivic, Inc.</title>
        <cusip>21871N101</cusip>
        <identifiers>
          <isin value="US21871N1019"/>
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        <balance>2307.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21708.87000000</valUSD>
        <pctVal>0.323098807860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Group 1 Automotive Inc</name>
        <lei>549300US8QAZJLWYAF63</lei>
        <title>Group 1 Automotive, Inc.</title>
        <cusip>398905109</cusip>
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          <isin value="US3989051095"/>
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        <balance>317.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>81817.70000000</valUSD>
        <pctVal>1.217714295213</pctVal>
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        <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>Dana Inc</name>
        <lei>KVWHW7YLZPFJM8QYNJ51</lei>
        <title>Dana, Inc.</title>
        <cusip>235825205</cusip>
        <identifiers>
          <isin value="US2358252052"/>
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        <balance>4207.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71519.00000000</valUSD>
        <pctVal>1.064436041093</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>EW Scripps Co/The</name>
        <lei>549300U1OW41QPKYW028</lei>
        <title>EW Scripps Co.</title>
        <cusip>811054402</cusip>
        <identifiers>
          <isin value="US8110544025"/>
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        <balance>4509.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41257.35000000</valUSD>
        <pctVal>0.614043964540</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>AMC Networks Inc</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMC Networks, Inc.</title>
        <cusip>00164V103</cusip>
        <identifiers>
          <isin value="US00164V1035"/>
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        <balance>4243.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50703.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Patrick Industries Inc</name>
        <lei>549300FZ5ZTCCJ3Z5W14</lei>
        <title>Patrick Industries, Inc.</title>
        <cusip>703343103</cusip>
        <identifiers>
          <isin value="US7033431039"/>
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        <balance>1038.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>83040.00000000</valUSD>
        <pctVal>1.235906106802</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>MDC Holdings Inc</name>
        <lei>5299005FV4VNV75R8R35</lei>
        <title>MDC Holdings, Inc.</title>
        <cusip>552676108</cusip>
        <identifiers>
          <isin value="US5526761086"/>
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        <balance>2228.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104203.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shoe Carnival Inc</name>
        <lei>N/A</lei>
        <title>Shoe Carnival, Inc.</title>
        <cusip>824889109</cusip>
        <identifiers>
          <isin value="US8248891090"/>
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        <balance>1240.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29115.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Owens &amp; Minor Inc</name>
        <lei>549300LMT5KQQXCEZ733</lei>
        <title>Owens &amp; Minor, Inc.</title>
        <cusip>690732102</cusip>
        <identifiers>
          <isin value="US6907321029"/>
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        <balance>2400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45696.00000000</valUSD>
        <pctVal>0.680105557037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Seneca Foods Corp</name>
        <lei>N/A</lei>
        <title>Seneca Foods Corp.</title>
        <cusip>817070501</cusip>
        <identifiers>
          <isin value="US8170705011"/>
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        <balance>1028.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33595.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>American Eagle Outfitters Inc</name>
        <lei>5299001Z9HXK01DHW793</lei>
        <title>American Eagle Outfitters, Inc.</title>
        <cusip>02553E106</cusip>
        <identifiers>
          <isin value="US02553E1064"/>
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        <balance>1757.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20732.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ProAssurance Corp</name>
        <lei>54930015E5J57R675E89</lei>
        <title>ProAssurance Corp.</title>
        <cusip>74267C106</cusip>
        <identifiers>
          <isin value="US74267C1062"/>
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        <balance>1066.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16085.94000000</valUSD>
        <pctVal>0.239411265410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SL Green Realty Corp</name>
        <lei>549300VQZPJU97H3GT17</lei>
        <title>SL Green Realty Corp.</title>
        <cusip>78440X887</cusip>
        <identifiers>
          <isin value="US78440X8873"/>
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        <balance>1178.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35398.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="26143.50000000"/>
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      <invstOrSec>
        <name>United Fire Group Inc</name>
        <lei>N/A</lei>
        <title>United Fire Group, Inc.</title>
        <cusip>910340108</cusip>
        <identifiers>
          <isin value="US9103401082"/>
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        <balance>849.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19238.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Allegiant Travel Co</name>
        <lei>549300JM9OZXOHWL2K18</lei>
        <title>Allegiant Travel Co.</title>
        <cusip>01748X102</cusip>
        <identifiers>
          <isin value="US01748X1028"/>
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        <balance>288.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36368.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Orthofix Medical Inc</name>
        <lei>N/A</lei>
        <title>Orthofix Medical, Inc.</title>
        <cusip>68752M108</cusip>
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          <isin value="US68752M1080"/>
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        <balance>869.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15694.14000000</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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      <invstOrSec>
        <name>Deluxe Corp</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>Deluxe Corp.</title>
        <cusip>248019101</cusip>
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          <isin value="US2480191012"/>
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        <balance>2681.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46863.88000000</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>MillerKnoll Inc</name>
        <lei>U98HXD3PNK7HYU2MU887</lei>
        <title>MillerKnoll, Inc.</title>
        <cusip>600544100</cusip>
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          <isin value="US6005441000"/>
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        <balance>2218.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32782.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Upbound Group Inc</name>
        <lei>529900QUHE15UQNCCJ63</lei>
        <title>Upbound Group, Inc.</title>
        <cusip>76009N100</cusip>
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          <isin value="US76009N1000"/>
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        <balance>1600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49808.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kaman Corp</name>
        <lei>5493003YK076OLTEQF95</lei>
        <title>Kaman Corp.</title>
        <cusip>483548103</cusip>
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          <isin value="US4835481031"/>
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        <balance>1803.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43866.99000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Enhabit Inc</name>
        <lei>549300RFQ78SLDFSHF49</lei>
        <title>Enhabit, Inc.</title>
        <cusip>29332G102</cusip>
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          <isin value="US29332G1022"/>
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        <balance>5632.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64768.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Caleres Inc</name>
        <lei>JFU6RQQJ8Z1CPOLBXQ18</lei>
        <title>Caleres, Inc.</title>
        <cusip>129500104</cusip>
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          <isin value="US1295001044"/>
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        <balance>1790.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42834.70000000</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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      <invstOrSec>
        <name>Marcus Corp/The</name>
        <lei>549300NL0OKPNEMP6B79</lei>
        <title>Marcus Corp.</title>
        <cusip>566330106</cusip>
        <identifiers>
          <isin value="US5663301068"/>
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        <balance>1276.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18923.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cushman &amp; Wakefield PLC</name>
        <lei>N/A</lei>
        <title>Cushman &amp; Wakefield plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BFZ4N465"/>
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        <balance>4424.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36188.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bread Financial Holdings Inc</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>Bread Financial Holdings, Inc.</title>
        <cusip>018581108</cusip>
        <identifiers>
          <isin value="US0185811082"/>
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        <balance>1094.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34340.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telephone &amp; Data Systems Inc</name>
        <lei>N/A</lei>
        <title>Telephone &amp; Data Systems, Inc.</title>
        <cusip>879433829</cusip>
        <identifiers>
          <isin value="US8794338298"/>
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        <balance>8644.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71140.12000000</valUSD>
        <pctVal>1.058797070648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Resideo Technologies Inc</name>
        <lei>5493006TKFPYISY2DS54</lei>
        <title>Resideo Technologies, Inc.</title>
        <cusip>76118Y104</cusip>
        <identifiers>
          <isin value="US76118Y1047"/>
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        <balance>3869.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68326.54000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TrueBlue Inc</name>
        <lei>N/A</lei>
        <title>TrueBlue, Inc.</title>
        <cusip>89785X101</cusip>
        <identifiers>
          <isin value="US89785X1019"/>
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        <balance>2720.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48171.20000000</valUSD>
        <pctVal>0.716944608044</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hope Bancorp Inc</name>
        <lei>549300UTF4QGMBHIZ219</lei>
        <title>Hope Bancorp, Inc.</title>
        <cusip>43940T109</cusip>
        <identifiers>
          <isin value="US43940T1097"/>
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        <balance>1603.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13497.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bristow Group Inc</name>
        <lei>5493005Q24EN3UC1PV68</lei>
        <title>Bristow Group, Inc.</title>
        <cusip>11040G103</cusip>
        <identifiers>
          <isin value="US11040G1031"/>
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        <balance>1476.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42405.48000000</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>Standard Motor Products Inc</name>
        <lei>THGK1EO5B5HK0JHQVZ90</lei>
        <title>Standard Motor Products, Inc.</title>
        <cusip>853666105</cusip>
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          <isin value="US8536661056"/>
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        <balance>618.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23187.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PacWest Bancorp</name>
        <lei>549300YI8VMFO7G36V04</lei>
        <title>PacWest Bancorp</title>
        <cusip>695263103</cusip>
        <identifiers>
          <isin value="US6952631033"/>
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        <balance>2764.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22526.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Wolverine World Wide Inc</name>
        <lei>549300OVC7PK14LQ8D87</lei>
        <title>Wolverine World Wide, Inc.</title>
        <cusip>978097103</cusip>
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          <isin value="US9780971035"/>
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        <balance>5240.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76975.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>First American Funds</name>
        <lei>N/A</lei>
        <title>First American Government Obligations Fund - Class X</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="FGXXX"/>
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        <balance>76450.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76450.00000000</valUSD>
        <pctVal>1.137825407815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="76450.00000000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>Hilltop Holdings Inc</name>
        <lei>54930010TA543US0PM65</lei>
        <title>Hilltop Holdings, Inc.</title>
        <cusip>432748101</cusip>
        <identifiers>
          <isin value="US4327481010"/>
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        <balance>608.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19127.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Arconic Corp</name>
        <lei>549300B4YFWH3U74B152</lei>
        <title>Arconic Corp.</title>
        <cusip>03966V107</cusip>
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          <isin value="US03966V1070"/>
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        <balance>2419.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71554.02000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Olympic Steel Inc</name>
        <lei>549300GQ061U6N6KWJ49</lei>
        <title>Olympic Steel, Inc.</title>
        <cusip>68162K106</cusip>
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          <isin value="US68162K1060"/>
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        <balance>2501.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>122549.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sleep Number Corp</name>
        <lei>529900W0TZQLBT2DSS66</lei>
        <title>Sleep Number Corp.</title>
        <cusip>83125X103</cusip>
        <identifiers>
          <isin value="US83125X1037"/>
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        <balance>802.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21878.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>J.P. MORGAN SECURITIES LLC</name>
        <lei>ZBUT11V806EZRVTWT807</lei>
        <title>J.P. Morgan Securities LLC</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Internal ID" value="REPO-JP M"/>
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        <balance>22116.03000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>22116.03000000</valUSD>
        <pctVal>0.329158676965</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="ZBUT11V806EZRVTWT807" name="J.P. MORGAN SECURITIES LLC"/>
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              <invstCat>UST</invstCat>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chico's FAS Inc</name>
        <lei>5299003ESGN5T1MFXY13</lei>
        <title>Chico's FAS, Inc.</title>
        <cusip>168615102</cusip>
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          <isin value="US1686151028"/>
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        <balance>4663.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24947.05000000</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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      <invstOrSec>
        <name>Urban Outfitters Inc</name>
        <lei>549300N3DUFR5U6NRN38</lei>
        <title>Urban Outfitters, Inc.</title>
        <cusip>917047102</cusip>
        <identifiers>
          <isin value="US9170471026"/>
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        <balance>976.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32334.88000000</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>Insight Enterprises Inc</name>
        <lei>529900S8991TYW6YP792</lei>
        <title>Insight Enterprises, Inc.</title>
        <cusip>45765U103</cusip>
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          <isin value="US45765U1034"/>
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        <balance>396.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57950.64000000</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>Encore Capital Group Inc</name>
        <lei>5493000UVC6H49CIH830</lei>
        <title>Encore Capital Group, Inc.</title>
        <cusip>292554102</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>United Natural Foods Inc</name>
        <lei>549300GKGW6WPZ282D40</lei>
        <title>United Natural Foods, Inc.</title>
        <cusip>911163103</cusip>
        <identifiers>
          <isin value="US9111631035"/>
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        <balance>1324.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25884.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AZZ Inc</name>
        <lei>549300HD1X2NFLWPYC83</lei>
        <title>AZZ, Inc.</title>
        <cusip>002474104</cusip>
        <identifiers>
          <isin value="US0024741045"/>
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        <balance>512.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22251.52000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fresh Del Monte Produce Inc</name>
        <lei>529900I72V9F0FEZR228</lei>
        <title>Fresh Del Monte Produce, Inc.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG367381053"/>
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        <balance>3092.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79495.32000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minerals Technologies Inc</name>
        <lei>549300D3I1QU67GP6403</lei>
        <title>Minerals Technologies, Inc.</title>
        <cusip>603158106</cusip>
        <identifiers>
          <isin value="US6031581068"/>
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        <balance>280.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16153.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hawaiian Holdings Inc</name>
        <lei>529900TQUS2JVPSSPP86</lei>
        <title>Hawaiian Holdings, Inc.</title>
        <cusip>419879101</cusip>
        <identifiers>
          <isin value="US4198791018"/>
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        <balance>1420.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15293.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OPENLANE Inc</name>
        <lei>5493004HKD20LBSG7D03</lei>
        <title>OPENLANE, Inc.</title>
        <cusip>48238T109</cusip>
        <identifiers>
          <isin value="US48238T1097"/>
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        <balance>1882.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28644.04000000</valUSD>
        <pctVal>0.426316762517</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>M/I Homes Inc</name>
        <lei>5299005M71FH9CCSFB69</lei>
        <title>M/I Homes, Inc.</title>
        <cusip>55305B101</cusip>
        <identifiers>
          <isin value="US55305B1017"/>
        </identifiers>
        <balance>2112.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>184145.28000000</valUSD>
        <pctVal>2.740682515544</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>Thryv Holdings Inc</name>
        <lei>N/A</lei>
        <title>Thryv Holdings, Inc.</title>
        <cusip>886029206</cusip>
        <identifiers>
          <isin value="US8860292064"/>
        </identifiers>
        <balance>1417.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34858.20000000</valUSD>
        <pctVal>0.518803736176</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>Emergent BioSolutions Inc</name>
        <lei>549300YW6TUOX8BE5103</lei>
        <title>Emergent BioSolutions, Inc.</title>
        <cusip>29089Q105</cusip>
        <identifiers>
          <isin value="US29089Q1058"/>
        </identifiers>
        <balance>6202.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45584.70000000</valUSD>
        <pctVal>0.678449049936</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>Cerence Inc</name>
        <lei>5493002WL2W5WMS89568</lei>
        <title>Cerence, Inc.</title>
        <cusip>156727109</cusip>
        <identifiers>
          <isin value="US1567271093"/>
        </identifiers>
        <balance>1172.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34257.56000000</valUSD>
        <pctVal>0.509864253469</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>Greenbrier Cos Inc/The</name>
        <lei>5493001GAGGFR30BP390</lei>
        <title>Greenbrier Companies, Inc.</title>
        <cusip>393657101</cusip>
        <identifiers>
          <isin value="US3936571013"/>
        </identifiers>
        <balance>1447.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62365.70000000</valUSD>
        <pctVal>0.928205075686</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>
    <signature>
      <ncom:dateSigned>2023-07-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Rydex Series Funds</ncom:nameOfApplicant>
      <ncom:signature>Jim Howley</ncom:signature>
      <ncom:signerName>Jim Howley</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
