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        <fairValLevel>1</fairValLevel>
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        <name>BOX, INC.</name>
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        <name>ADAMAS TRUST, INC.</name>
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        <name>THE BANCORP, INC.</name>
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        <name>CECO ENVIRONMENTAL CORP.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>First BanCorp.</name>
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        <name>MAGNOLIA OIL &amp; GAS CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Winmark Corporation</name>
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        <name>PENN Entertainment, Inc.</name>
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        <name>BLUELINX HOLDINGS INC.</name>
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        <name>Progyny Inc</name>
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      <invstOrSec>
        <name>CENTRUS ENERGY CORP.</name>
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        <name>THE GOODYEAR TIRE &amp; RUBBER COMPANY</name>
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        <name>Apple Hospitality REIT, Inc.</name>
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        <name>Rigetti Computing Inc</name>
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        <name>TRI POINTE HOMES, INC.</name>
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        <name>NORTHWESTERN ENERGY GROUP, INC.</name>
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        <name>Nomad Foods Limited</name>
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        <name>ALIGNMENT HEALTHCARE, INC.</name>
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        <name>NBT BANCORP INC.</name>
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        <name>AGILYSYS, INC.</name>
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        <name>SI-BONE Inc</name>
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        <name>DONNELLEY FINANCIAL SOLUTIONS, INC.</name>
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        <title>DONNELLEY FINANCIAL SOLUTIONS INC</title>
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        <name>MADISON SQUARE GARDEN SPORTS CORP.</name>
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        <name>Agios Pharmaceuticals Inc</name>
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        <name>BATH &amp; BODY WORKS, INC.</name>
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        <name>SOLSTICE ADVANCED MATERIALS INC.</name>
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        <name>HERBALIFE LTD.</name>
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        <name>GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DOLE PUBLIC LIMITED COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Latham Group Inc</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>CLEAR SECURE, INC.</name>
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        <name>IDT CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BROADSTONE NET LEASE, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FRANKLIN BSP REALTY TRUST, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ESSENTIAL PROPERTIES REALTY TRUST, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SILICON LABORATORIES INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Zeta Global Holdings Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LUMENTUM HOLDINGS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BLACK HILLS CORPORATION</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SUPERNUS PHARMACEUTICALS, INC.</name>
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        <name>SEMTECH CORPORATION</name>
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        <name>ACADIA REALTY TRUST</name>
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        <name>Tanger Inc.</name>
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        <name>PHOENIX EDUCATION PARTNERS, INC.</name>
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        <name>SALLY BEAUTY HOLDINGS, INC.</name>
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        <name>MURPHY OIL CORPORATION</name>
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        <name>TEXAS CAPITAL BANCSHARES, INC.</name>
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        <name>ENCOMPASS HEALTH CORPORATION</name>
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        <name>TERRENO REALTY CORPORATION</name>
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        <name>VALMONT INDUSTRIES, INC.</name>
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        <name>WHITE MOUNTAINS INSURANCE GROUP, LTD.</name>
        <lei>549300N3FL068JERBG02</lei>
        <title>WHITE MOUNTAINS INSURANCE GROUP LIMITED</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASGN INCORPORATED</name>
        <lei>LZBNYYCBUKY537072438</lei>
        <title>ASGN INC</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CALLAWAY GOLF COMPANY</name>
        <lei>5493005UB0KFRKBPCU72</lei>
        <title>CALLAWAY GOLF COMPANY</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INTELLIA THERAPEUTICS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IONQ Inc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Teekay Tankers Ltd.</name>
        <lei>549300DE8ZAIYS2T6Q22</lei>
        <title>TEEKAY TANKERS LTD</title>
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          <isin value="BMG8726X1065"/>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TITAN MACHINERY INC.</name>
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          <isin value="US88830R1014"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amprius Technologies Inc</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Collegium Pharmaceutical, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ethos Technologies Inc</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BWX TECHNOLOGIES, INC.</name>
        <lei>549300NP85N265KWMS58</lei>
        <title>BWX TECHNOLOGIES INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GRANITE CONSTRUCTION INCORPORATED</name>
        <lei>549300OM4BWMCIXVCZ39</lei>
        <title>GRANITE CONSTRUCTION INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SUMMIT HOTEL PROPERTIES, INC.</name>
        <lei>254900OBQWJK6X20LS71</lei>
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        <name>COMMVAULT SYSTEMS, INC.</name>
        <lei>65T5VRP62VXG39YFML83</lei>
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      <invstOrSec>
        <name>RLI CORP.</name>
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        <name>Talkspace Inc</name>
        <lei>N/A</lei>
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        <name>WESTERN ALLIANCE BANCORPORATION</name>
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        <title>WESTERN ALLIANCE BANCORP</title>
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      <invstOrSec>
        <name>PJT PARTNERS INC.</name>
        <lei>549300W3WBEQUBKYTN87</lei>
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        <name>INTERNATIONAL BANCSHARES CORPORATION</name>
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        <title>INTERNATIONAL BANCSHARES CORPORATION</title>
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        <name>UNITIL CORPORATION</name>
        <lei>N/A</lei>
        <title>UNITIL CORP</title>
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        <name>PLAINS GP HOLDINGS, L.P</name>
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        <name>CERTARA, INC.</name>
        <lei>N/A</lei>
        <title>CERTARA INC</title>
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        <name>Shoals Technologies Group Inc</name>
        <lei>N/A</lei>
        <title>SHOALS TECHNOLOGIES GROUP INC</title>
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      <invstOrSec>
        <name>COLUMBUS MCKINNON CORPORATION</name>
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          <isin value="US1993331057"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KULICKE AND SOFFA INDUSTRIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST INTERSTATE BANCSYSTEM, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Unusual Machines Inc</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CELCUITY INC.</name>
        <lei>25490070W7UU7W2SEY87</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>INVESCO GOVERNMENT &amp; AGENCY PORTFOLIO</name>
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        <assetCat>STIV</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <cashCollateralCondition cashCollateralVal="7247153.98000000" isCashCollateral="Y"/>
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      <invstOrSec>
        <name>ZIFF DAVIS, INC.</name>
        <lei>5493008OJYGLHD7MXA18</lei>
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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>CALIFORNIA RESOURCES CORPORATION</name>
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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>COEUR MINING, INC.</name>
        <lei>5493003AVK173D48DR70</lei>
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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>Owlet Inc</name>
        <lei>N/A</lei>
        <title>OWLET INC COM</title>
        <cusip>69120X206</cusip>
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          <isin value="US69120X2062"/>
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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>VICTORIA'S SECRET &amp; CO.</name>
        <lei>5493006T3O70U3UWVF17</lei>
        <title>VICTORIA S SECRET CO</title>
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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>MADRIGAL PHARMACEUTICALS, INC.</name>
        <lei>549300CHIMT2EUSNJB60</lei>
        <title>MADRIGAL PHARMACEUTICALS INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BROOKDALE SENIOR LIVING INC.</name>
        <lei>LH7MQB13NWY7CJ9VC445</lei>
        <title>BROOKDALE SENIOR LIVING INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TEEKAY CORPORATION LTD.</name>
        <lei>YHKQM2RIPKZYOZ6RVZ46</lei>
        <title>TEEKAY CORP LTD</title>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ODDITY TECH LTD</name>
        <lei>254900QH12XZS53G0V57</lei>
        <title>ODDITY TECH LTD</title>
        <cusip>M7518J104</cusip>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>INNOVEX INTERNATIONAL, INC.</name>
        <lei>5299007REICYIJNMW197</lei>
        <title>INNOVEX INTERNATIONAL INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LINDBLAD EXPEDITIONS HOLDINGS, INC.</name>
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        <title>LINDBLAD EXPEDITIONS HOLDINGS INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Kontoor Brands, Inc.</name>
        <lei>549300M0CPXV65RFF271</lei>
        <title>KONTOOR BRANDS INC</title>
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        <name>LIGAND PHARMACEUTICALS INCORPORATED</name>
        <lei>5493008K7TB0IKP37H79</lei>
        <title>LIGAND PHARMACEUTICALS</title>
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        <invCountry>US</invCountry>

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        <name>MONTROSE ENVIRONMENTAL GROUP, INC.</name>
        <lei>254900ASI8K3LUB8Q958</lei>
        <title>MONTROSE ENVIRONMENTAL GROUP INC</title>
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        <name>VEECO INSTRUMENTS INC.</name>
        <lei>5493004201F72ADDZW04</lei>
        <title>VEECO INSTRUMENTS INC</title>
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        <invCountry>US</invCountry>

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        <name>COPT DEFENSE PROPERTIES</name>
        <lei>YY1J47X6LF9TYY8JY420</lei>
        <title>COPT DEFENSE PROPERTIES</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>PTC THERAPEUTICS, INC.</name>
        <lei>549300UJLWOIWFDGB318</lei>
        <title>PTC THERAPEUTICS INC</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>MP MATERIALS CORP</name>
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        <name>G-III APPAREL GROUP, LTD.</name>
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        <name>AMERICAN HEALTHCARE REIT, INC.</name>
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        <name>ORTHOPEDIATRICS CORP.</name>
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        <name>Precigen, Inc.</name>
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        <name>KFORCE INC.</name>
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        <name>THE ENSIGN GROUP, INC.</name>
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        <name>ADEIA INC.</name>
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        <name>BELDEN INC.</name>
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        <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>OMNIAB INC OLD</name>
        <lei>N/A</lei>
        <title>OMNIAB INC OLD</title>
        <cusip>68218J202</cusip>
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          <isin value="US68218J2024"/>
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        <balance>7105.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERESCO, INC.</name>
        <lei>529900NZXZGBCBXYY327</lei>
        <title>AMERESCO INC</title>
        <cusip>02361E108</cusip>
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          <isin value="US02361E1082"/>
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        <balance>48345.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SKYWARD SPECIALTY INSURANCE GROUP, INC.</name>
        <lei>549300GXGXJG0YH4VN21</lei>
        <title>SKYWARD SPECIALTY INSURANCE GROUP INC</title>
        <cusip>830940102</cusip>
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          <isin value="US8309401029"/>
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        <balance>50200.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LITTELFUSE, INC.</name>
        <lei>549300MY7HLQFYTPCX75</lei>
        <title>LITTELFUSE INC</title>
        <cusip>537008104</cusip>
        <identifiers>
          <isin value="US5370081045"/>
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        <balance>3785.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST WATCH RESTAURANT GROUP, INC.</name>
        <lei>N/A</lei>
        <title>FIRST WATCH RESTAURANT GROUP INC</title>
        <cusip>33748L101</cusip>
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          <isin value="US33748L1017"/>
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        <balance>51608.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Scholar Rock Holding Corp</name>
        <lei>549300Z1FLPGL4OWJ459</lei>
        <title>SCHOLAR ROCK HOLDING CORP</title>
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          <isin value="US80706P1030"/>
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        <balance>57935.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DIVERSIFIED HEALTHCARE TRUST</name>
        <lei>N/A</lei>
        <title>DIVERSIFIED HEALTHCARE TRUST</title>
        <cusip>25525P107</cusip>
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          <isin value="US25525P1075"/>
          <other otherDesc="Internal" value="25525P107"/>
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        <balance>81862.00000000</balance>
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        <curCd>USD</curCd>
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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>908 Devices Inc</name>
        <lei>N/A</lei>
        <title>908 DEVICES INC</title>
        <cusip>65443P102</cusip>
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          <isin value="US65443P1021"/>
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        <balance>15330.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>96732.30000000</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>OptimizeRx Corp</name>
        <lei>N/A</lei>
        <title>OPTIMIZERX CORP</title>
        <cusip>68401U204</cusip>
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          <isin value="US68401U2042"/>
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        <balance>16814.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE BRINK'S COMPANY</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
        <title>BRINK S CO THE</title>
        <cusip>109696104</cusip>
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          <isin value="US1096961040"/>
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        <balance>13354.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1696492.16000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GeneDx Holdings Corp</name>
        <lei>N/A</lei>
        <title>GENEDX HOLDINGS CORP</title>
        <cusip>81663L200</cusip>
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          <isin value="US81663L2007"/>
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        <balance>13266.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1276985.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST BANCORP</name>
        <lei>N/A</lei>
        <title>FIRST BANCORP</title>
        <cusip>318910106</cusip>
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          <isin value="US3189101062"/>
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        <balance>15900.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEXTPOWER INC.</name>
        <lei>N/A</lei>
        <title>NEXTPOWER INC CL A</title>
        <cusip>65290E101</cusip>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EXPONENT, INC.</name>
        <lei>529900NY3F5Q2NWPUZ42</lei>
        <title>EXPONENT INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SL GREEN REALTY CORP.</name>
        <lei>549300VQZPJU97H3GT17</lei>
        <title>SL GREEN REALTY CORP</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VISTEON CORPORATION</name>
        <lei>549300MOVLYHRW4GGW78</lei>
        <title>VISTEON CORP</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JFROG LTD</name>
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        <title>JFROG LTD</title>
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        <invCountry>IL</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>PORTLAND GENERAL ELECTRIC COMPANY</name>
        <lei>GJOUP9M7C39GLSK9R870</lei>
        <title>PORTLAND GENERAL ELECTRIC CO</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>REDWIRE CORPORATION</name>
        <lei>N/A</lei>
        <title>REDWIRE CORP</title>
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        <name>TRAVERE THERAPEUTICS, INC.</name>
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        <name>CNO FINANCIAL GROUP, INC.</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO FINANCIAL GROUP INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>HSBC US GOVERNMENT MONEY MARKET FUND</name>
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        <title>HSBC US GOVT MMKT-I</title>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MATERION CORPORATION</name>
        <lei>549300CJ5RI351SUYT02</lei>
        <title>MATERION CORP</title>
        <cusip>576690101</cusip>
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        <valUSD>4276585.56000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>Gray Media, Inc</name>
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        <name>VALLEY NATIONAL BANCORP</name>
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        <name>GARRETT MOTION INC.</name>
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        <name>ACADIAN ASSET MANAGEMENT INC.</name>
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        <name>DIAMONDROCK HOSPITALITY COMPANY</name>
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        <name>Atmus Filtration Technologies Inc</name>
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        <name>ADVANSIX INC.</name>
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        <name>JBT MAREL CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arlo Technologies Inc</name>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MSILF Government Portfolio</name>
        <lei>N/A</lei>
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          <isin value="US61747C7074"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ICF INTERNATIONAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Immunome Inc</name>
        <lei>N/A</lei>
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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>NEW JERSEY RESOURCES CORPORATION</name>
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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>SURGERY PARTNERS, INC.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEWMARK GROUP, INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CURBLINE PROPERTIES CORP.</name>
        <lei>529900PGR41LH0I81I15</lei>
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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>NAPCO SECURITY TECHNOLOGIES, INC.</name>
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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>INSTALLED BUILDING PRODUCTS, INC.</name>
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        <title>INSTALLED BUILDING PRODUCTS</title>
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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>KORN FERRY</name>
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        <title>KORN FERRY</title>
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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>PACIRA BIOSCIENCES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BIOLIFE SOLUTIONS, INC.</name>
        <lei>549300G2IVCMC2TJDW72</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CARETRUST REIT, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CARGURUS, INC.</name>
        <lei>54930027BKQN6B7X7G78</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GENCO SHIPPING &amp; TRADING LIMITED</name>
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        <title>GENCO SHIPPING TRADING LTD</title>
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        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HAYWARD HOLDINGS, INC.</name>
        <lei>N/A</lei>
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        <name>CATHAY GENERAL BANCORP</name>
        <lei>549300K1SLJ8C97H5L68</lei>
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        <name>RBC BEARINGS INCORPORATED</name>
        <lei>N/A</lei>
        <title>RBC BEARINGS INC</title>
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        <name>UNIVERSAL INSURANCE HOLDINGS, INC.</name>
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        <name>Nuvalent Inc</name>
        <lei>N/A</lei>
        <title>NUVALENT INC</title>
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        <name>STERLING INFRASTRUCTURE, INC.</name>
        <lei>549300RZIK6K1215XU51</lei>
        <title>STERLING INFRASTRUCTURE</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>THE PENNANT GROUP, INC.</name>
        <lei>5493007H2OYR6BYLDA64</lei>
        <title>PENNANT GROUP INC</title>
        <cusip>70805E109</cusip>
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        <name>Signet Jewelers Limited</name>
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        <name>THE GREENBRIER COMPANIES, INC.</name>
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        <name>Porch Group, Inc.</name>
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        <name>MoonLake Immunotherapeutics</name>
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        <name>UNITED BANKSHARES, INC.</name>
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        <name>EASTERLY GOVERNMENT PROPERTIES, INC.</name>
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        <name>CATALYST PHARMACEUTICALS, INC.</name>
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        <name>LENZ Therapeutics Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SANMINA CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Inhibrx Biosciences Inc</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DELUXE CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NOBLE CORPORATION PLC</name>
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          <isin value="GB00BMXNWH07"/>
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        <curCd>USD</curCd>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IRHYTHM HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Qualys Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BENCHMARK ELECTRONICS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HAMILTON BEACH BRANDS HOLDING COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Zymeworks Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ATYR PHARMA, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CINEMARK HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Olin Corporation</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AKEBIA THERAPEUTICS, INC.</name>
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        <name>KINSALE CAPITAL GROUP, INC.</name>
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        <name>Kiniksa Pharmaceuticals International PLC</name>
        <lei>N/A</lei>
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        <name>InterDigital, Inc.</name>
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        <name>Beta Bionics Inc</name>
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        <name>Spire Inc.</name>
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        <name>SILA REALTY TRUST, INC.</name>
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        <name>ELEMENT SOLUTIONS INC</name>
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        <title>ELEMENT SOLUTIONS INC</title>
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        <name>PLAYTIKA HOLDING CORP.</name>
        <lei>254900E35Z4TKA4UFG64</lei>
        <title>PLAYTIKA HOLDING CORP</title>
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        <name>SELECT MEDICAL HOLDINGS CORPORATION</name>
        <lei>N/A</lei>
        <title>SELECT MEDICAL HOLDINGS CORP</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ALLEGRO MICROSYSTEMS, INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FLEXION THERAPEUTICS INC CVR</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LATTICE SEMICONDUCTOR CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PLEXUS CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Apogee Therapeutics Inc</name>
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        <name>AMERICAN EAGLE OUTFITTERS, INC.</name>
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        <name>ARTISAN PARTNERS ASSET MANAGEMENT INC.</name>
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        <name>AVIENT CORPORATION</name>
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        <name>TOAST, INC.</name>
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        <name>NUTANIX, INC.</name>
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        <name>RYMAN HOSPITALITY PROPERTIES, INC.</name>
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        <name>INTEGRA LIFESCIENCES HOLDINGS CORPORATION</name>
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        <name>Hawkins, Inc.</name>
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        <name>ACADIA PHARMACEUTICALS INC.</name>
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        <name>EXTREME NETWORKS, INC.</name>
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        <name>Credo Technology Group Holding Ltd</name>
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        <name>THE TIMKEN COMPANY</name>
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        <name>ENVISTA HOLDINGS CORPORATION</name>
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        <name>FIRST AMERICAN FINANCIAL CORPORATION</name>
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        <name>Arcutis Biotherapeutics Inc</name>
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        <name>ACCO BRANDS CORPORATION</name>
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        <name>V2X, INC.</name>
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        <name>Renasant Corporation</name>
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        <name>GRIFFON CORPORATION</name>
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        <name>MODINE MANUFACTURING COMPANY</name>
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        <name>The Descartes Systems Group Inc.</name>
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        <name>TRANSCAT, INC.</name>
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        <name>INNOVIVA, INC.</name>
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        <name>Genius Sports Ltd</name>
        <lei>N/A</lei>
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        <name>UNITED NATURAL FOODS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Soleno Therapeutics Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>COGENT BIOSCIENCES, INC.</name>
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        <name>Arteris Inc</name>
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        <name>HURON CONSULTING GROUP INC.</name>
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        <name>Mediaalpha Inc</name>
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        <name>STEWART INFORMATION SERVICES CORPORATION</name>
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        <name>COGENT COMMUNICATIONS HOLDINGS, INC.</name>
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        <name>Arcellx Inc</name>
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        <name>REPLIGEN CORPORATION</name>
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        <name>Tecogen Inc</name>
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        <name>RED CAT HOLDINGS, INC.</name>
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        <name>Sportradar Group AG</name>
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        <name>ONTO INNOVATION INC.</name>
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        <name>Protagonist Therapeutics Inc</name>
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      <invstOrSec>
        <name>COHEN &amp; STEERS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE ANDERSONS, INC</name>
        <lei>L38MWB8MVRFV7HVJPU11</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DNOW INC.</name>
        <lei>549300AVH5SOCFVVDW91</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GATES INDUSTRIAL CORPORATION PLC</name>
        <lei>549300S6K4FWUSB9KM27</lei>
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          <isin value="GB00BD9G2S12"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PHINIA INC.</name>
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          <isin value="US71880K1016"/>
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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>Edgewell Personal Care Company</name>
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          <isin value="US28035Q1022"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Kornit Digital Ltd</name>
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        <title>KORNIT DIGITAL LTD</title>
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          <isin value="IL0011216723"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SM ENERGY COMPANY</name>
        <lei>84BUTVXV5ODI6BXNMH43</lei>
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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>MEDIFAST, INC.</name>
        <lei>5299000YHQJ21T5KKI80</lei>
        <title>MEDIFAST INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BANK OF HAWAII CORPORATION</name>
        <lei>5493006Q8BQ8AD8M2U33</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GROUP 1 AUTOMOTIVE, INC.</name>
        <lei>549300US8QAZJLWYAF63</lei>
        <title>GROUP 1 AUTOMOTIVE INC</title>
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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>SKYWEST, INC.</name>
        <lei>529900UYS2KGS6Z42P09</lei>
        <title>SKYWEST INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AnaptysBio Inc</name>
        <lei>529900HH4WQT03IG1A12</lei>
        <title>ANAPTYSBIO INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>QCR HOLDINGS, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PHOTRONICS, INC.</name>
        <lei>549300OK5JVNIBNY6F63</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SUNSTONE HOTEL INVESTORS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>METHANEX CORPORATION</name>
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        <name>Archer Aviation Inc</name>
        <lei>529900UGYVU0KY2RLD83</lei>
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        <name>LANTHEUS HOLDINGS, INC.</name>
        <lei>5299005HUB5IOJGO7S39</lei>
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        <name>ADAPTHEALTH CORP.</name>
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        <name>NPK INTERNATIONAL INC.</name>
        <lei>54930073OHWDQW4DJN26</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>RYDER SYSTEM, INC.</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>RYDER SYSTEM INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Regenxbio Inc</name>
        <lei>549300EOES47LATSET33</lei>
        <title>REGENXBIO INC</title>
        <cusip>75901B107</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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        <name>Twist Bioscience Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>LIQUIDITY SERVICES, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ARCBEST CORPORATION</name>
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        <name>SUNOPTA INC.</name>
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        <name>Taysha Gene Therapies Inc</name>
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        <name>ICU MEDICAL, INC.</name>
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        <name>Enovix Corporation</name>
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        <name>TTM TECHNOLOGIES, INC.</name>
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        <name>OLD SECOND BANCORP, INC.</name>
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        <name>IRadimed Corp</name>
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        <name>INTERPARFUMS INC</name>
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        <name>Nexxen International Ltd</name>
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        <name>INSIGHT ENTERPRISES, INC.</name>
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        <name>TIDEWATER INC.</name>
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        <name>The Bank of N.T. Butterfield &amp; Son Limited</name>
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        <name>Dave Inc</name>
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        <name>HEALTHEQUITY, INC.</name>
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        <name>THE CHEFS' WAREHOUSE, INC.</name>
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        <name>York Space Systems Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HOWARD HUGHES HOLDINGS INC.</name>
        <lei>254900TY494BHXIU6M60</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VISHAY INTERTECHNOLOGY, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sun Country Airlines Holdings Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CHARLES RIVER LABORATORIES INTERNATIONAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FOUR CORNERS PROPERTY TRUST, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DHT HOLDINGS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cellebrite DI Ltd</name>
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        <invCountry>IL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SCORPIO TANKERS INC.</name>
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        <invCountry>MH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BUILD-A-BEAR WORKSHOP, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COSTAMARE INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>A10 NETWORKS, INC.</name>
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        <name>RESIDEO TECHNOLOGIES, INC.</name>
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        <name>MARRIOTT VACATIONS WORLDWIDE CORPORATION</name>
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        <name>SUNCOKE ENERGY, INC.</name>
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        <name>VERIS RESIDENTIAL, INC.</name>
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        <name>Palvella Therapeutics Inc</name>
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        <name>Live Oak Bancshares, Inc.</name>
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        <name>SOUTHWEST GAS HOLDINGS, INC.</name>
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        <name>CONSENSUS CLOUD SOLUTIONS, INC.</name>
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        <name>LXP INDUSTRIAL TRUST</name>
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        <name>Klaviyo Inc</name>
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        <name>CAL-MAINE FOODS, INC.</name>
        <lei>549300NHE5WMIEIEMF53</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAYLOR MORRISON HOME CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NOVA LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALKAMI TECHNOLOGY, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LIFE TIME GROUP HOLDINGS, INC</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Stoke Therapeutics Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>THE CHEESECAKE FACTORY INCORPORATED</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMALGAMATED FINANCIAL CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VALVOLINE INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CVB FINANCIAL CORP.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Electrovaya Inc.</name>
        <lei>529900I7K6S0AGKS2R30</lei>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NEXSTAR MEDIA GROUP, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SENSATA TECHNOLOGIES HOLDING PLC</name>
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        <title>SENSATA TECHNOLOGIES HOLDING</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>UMB FINANCIAL CORPORATION</name>
        <lei>549300MGEH3N3CUCV828</lei>
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        <name>PRIMERICA, INC.</name>
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        <name>KNIFE RIVER CORPORATION</name>
        <lei>N/A</lei>
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        <name>FIRST FINANCIAL BANCORP.</name>
        <lei>549300D3F5B3EZMY7P77</lei>
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        <name>MGE ENERGY, INC.</name>
        <lei>N/A</lei>
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        <name>MAREX GROUP PLC</name>
        <lei>549300DWX0SVICJAL507</lei>
        <title>MAREX GROUP PLC</title>
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        <name>BOK FINANCIAL CORPORATION</name>
        <lei>GRI2NT5QHYW751NMR949</lei>
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        <name>SYNAPTICS INCORPORATED</name>
        <lei>549300AJ3LI4FWNRQX29</lei>
        <title>SYNAPTICS INCORPORATED</title>
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        <invCountry>US</invCountry>

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        <name>FTAI Aviation Ltd,</name>
        <lei>N/A</lei>
        <title>FTAI AVIATION LTD</title>
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        <name>URBAN EDGE PROPERTIES</name>
        <lei>N/A</lei>
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        <name>Immunovant Inc</name>
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        <name>RYERSON HOLDING CORPORATION</name>
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        <name>O-I GLASS, INC.</name>
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        <name>FIRST MERCHANTS CORPORATION</name>
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        <name>NETSCOUT SYSTEMS, INC.</name>
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        <name>CACTUS, INC.</name>
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        <name>THE MACERICH COMPANY</name>
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        <name>Cushman &amp; Wakefield Ltd.</name>
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        <name>COASTAL FINANCIAL CORPORATION</name>
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        <name>COMMERCIAL METALS COMPANY</name>
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        <name>E.L.F. BEAUTY, INC.</name>
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        <name>EXLSERVICE HOLDINGS, INC.</name>
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        <name>CABLE ONE, INC.</name>
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        <name>Weave Communications Inc</name>
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        <name>INGEVITY CORPORATION</name>
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        <name>FLUOR CORPORATION.</name>
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        <name>ESSENT GROUP LTD</name>
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        <name>INNOVATIVE INDUSTRIAL PROPERTIES, INC.</name>
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        <name>BREAD FINANCIAL HOLDINGS, INC.</name>
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        <name>TOWER SEMICONDUCTOR LTD</name>
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        <name>Mineralys Therapeutics Inc</name>
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        <name>COMMERCE BANCSHARES, INC.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>AMPHASTAR PHARMACEUTICALS INC</name>
        <lei>54930055TH0ZLSAQMJ38</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FRONTDOOR, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GLOBE LIFE INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>THE ST. JOE COMPANY</name>
        <lei>529900XVHOT3BF8PWG49</lei>
        <title>ST JOE CO</title>
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          <isin value="US7901481009"/>
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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>CORVEL CORPORATION</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BOOT BARN HOLDINGS, INC.</name>
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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>Rhythm Pharmaceuticals Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONARCH CASINO &amp; RESORT, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Edgewise Therapeutics Inc</name>
        <lei>N/A</lei>
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        <cusip>28036F105</cusip>
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          <isin value="US28036F1057"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK7 CORP.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Grail Inc</name>
        <lei>N/A</lei>
        <title>GRAIL INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SHARKNINJA, INC.</name>
        <lei>N/A</lei>
        <title>SHARKNINJA INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>BRINKER INTERNATIONAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NORTHERN OIL AND GAS, INC.</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
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        <name>OKTA, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>INDEPENDENCE REALTY TRUST, INC</name>
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        <name>DIODES INCORPORATED</name>
        <lei>549300XP2X1ARVH3BX23</lei>
        <title>DIODES INC</title>
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        <name>XERIS BIOPHARMA HOLDINGS, INC.</name>
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        <name>NATIONAL HEALTH INVESTORS, INC.</name>
        <lei>549300ZPKZIG6DKDEC02</lei>
        <title>NATIONAL HEALTH INVESTORS INC</title>
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        <name>FABRINET</name>
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        <title>FABRINET</title>
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        <invCountry>KY</invCountry>

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        <name>CORCEPT THERAPEUTICS INCORPORATED</name>
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        <title>CORCEPT THERAPEUTICS INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LIVANOVA PLC</name>
        <lei>2138001K2FX6SHK2B339</lei>
        <title>LIVANOVA PLC</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-03-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Victory Portfolios III</ncom:nameOfApplicant>
      <ncom:signature>Carol Trevino</ncom:signature>
      <ncom:signerName>Carol Trevino</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
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  <documents>XXXX</documents>
</edgarSubmission>
