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        <name>AnaptysBio Inc</name>
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        <name>SM ENERGY COMPANY</name>
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        <name>LENZ Therapeutics Inc</name>
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        <name>Viking Therapeutics Inc</name>
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        <name>E.L.F. BEAUTY, INC.</name>
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        <name>First BanCorp.</name>
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        <name>Crinetics Pharmaceuticals Inc</name>
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        <name>Kontoor Brands, Inc.</name>
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        <name>SJW GROUP</name>
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        <name>AMERIS BANCORP</name>
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        <name>INSIGHT ENTERPRISES, INC.</name>
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        <name>BADGER METER, INC.</name>
        <lei>5493002JENE20OGTUG20</lei>
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        <name>Credo Technology Group Holding Ltd</name>
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        <name>ATLAS ENERGY SOLUTIONS INC.</name>
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        <name>Biohaven Ltd</name>
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        <name>PROSPERITY BANCSHARES, INC.</name>
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        <name>The Bank of N.T. Butterfield &amp; Son Limited</name>
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        <name>NATERA, INC.</name>
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        <name>Pathward Financial, Inc.</name>
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        <name>CYBERARK SOFTWARE LTD.</name>
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        <name>STIFEL FINANCIAL CORP.</name>
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        <name>WESTAMERICA BANCORPORATION</name>
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        <name>GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND</name>
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        <name>PALOMAR HOLDINGS, INC.</name>
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        <name>COLUMBUS MCKINNON CORPORATION</name>
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        <name>THE MANITOWOC COMPANY, INC.</name>
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        <name>RLI CORP.</name>
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        <name>TOAST, INC.</name>
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        <title>TOAST INC</title>
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        <name>RUSH ENTERPRISES, INC.</name>
        <lei>529900V3XHTN7A6DFT17</lei>
        <title>RUSH ENTERPRISES INC CLASS A</title>
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          <isin value="US7818462092"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NETSCOUT SYSTEMS, INC.</name>
        <lei>5493005HZXZ3SPNVCV76</lei>
        <title>NETSCOUT SYSTEMS INC</title>
        <cusip>64115T104</cusip>
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          <isin value="US64115T1043"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>LXP INDUSTRIAL TRUST</name>
        <lei>549300S4MH2ICXDBFV43</lei>
        <title>LXP INDUSTRIAL TRUST</title>
        <cusip>529043101</cusip>
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          <isin value="US5290431015"/>
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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>BENCHMARK ELECTRONICS, INC.</name>
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          <isin value="US08160H1014"/>
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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>SIGA TECHNOLOGIES, INC.</name>
        <lei>N/A</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>CAL-MAINE FOODS, INC.</name>
        <lei>549300NHE5WMIEIEMF53</lei>
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          <isin value="US1280302027"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Live Oak Bancshares, Inc.</name>
        <lei>N/A</lei>
        <title>LIVE OAK BANCSHARES INC</title>
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          <isin value="US53803X1054"/>
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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>OPTION CARE HEALTH, INC.</name>
        <lei>549300DI3Q5ACSYJRI17</lei>
        <title>OPTION CARE HEALTH INC</title>
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          <isin value="US68404L2016"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST WATCH RESTAURANT GROUP, INC.</name>
        <lei>N/A</lei>
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          <isin value="US33748L1017"/>
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        <balance>53776.00000000</balance>
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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>UMB FINANCIAL CORPORATION</name>
        <lei>549300MGEH3N3CUCV828</lei>
        <title>UMB FINANCIAL CORP</title>
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          <isin value="US9027881088"/>
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        <balance>26350.00000000</balance>
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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>REDWIRE CORPORATION</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NORTHWESTERN ENERGY GROUP, INC.</name>
        <lei>254900N1WG46G1VMDM34</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KINDERCARE LEARNING COMPANIES, INC.</name>
        <lei>N/A</lei>
        <title>KINDERCARE LEARNING COS INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>EASTERLY GOVERNMENT PROPERTIES, INC.</name>
        <lei>549300ERMCEFC6S8HL77</lei>
        <title>EASTERLY GOVERNMENT PROPERTIES INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>A10 NETWORKS, INC.</name>
        <lei>549300UQD4IWUML81Q35</lei>
        <title>A10 NETWORKS INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ACV AUCTIONS INC.</name>
        <lei>N/A</lei>
        <title>ACV AUCTIONS INC</title>
        <cusip>00091G104</cusip>
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      <invstOrSec>
        <name>Rhythm Pharmaceuticals Inc</name>
        <lei>529900JPNWXQ8DPLA551</lei>
        <title>RHYTHM PHARMACEUTICALS INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>POTLATCHDELTIC CORPORATION</name>
        <lei>54930084YA8UJOTXDM59</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TITAN INTERNATIONAL, INC.</name>
        <lei>254900CXRGBE7C4B5A06</lei>
        <title>TITAN INTERNATIONAL INC</title>
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        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>MoonLake Immunotherapeutics</name>
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        <title>MOONLAKE IMMUNOTHERAPEUTICS</title>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>PROS HOLDINGS, INC.</name>
        <lei>549300LPE1KNL5RWKQ48</lei>
        <title>PROS HOLDINGS INC</title>
        <cusip>74346Y103</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>RESIDEO TECHNOLOGIES, INC.</name>
        <lei>5493006TKFPYISY2DS54</lei>
        <title>RESIDEO TECHNOLOGIES INC</title>
        <cusip>76118Y104</cusip>
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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>INNOVATIVE INDUSTRIAL PROPERTIES, INC.</name>
        <lei>5493008BQ0545EZXRR30</lei>
        <title>INNOVATIVE INDUSTRIAL PROPERTIES INC</title>
        <cusip>45781V101</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SKYWEST, INC.</name>
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        <name>MASTERBRAND, INC.</name>
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      <invstOrSec>
        <name>Agios Pharmaceuticals Inc</name>
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        <name>ENOVIS CORPORATION</name>
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        <name>INVESCO GOVERNMENT &amp; AGENCY PORTFOLIO</name>
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        <name>NEOGEN CORPORATION</name>
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        <name>MADISON SQUARE GARDEN SPORTS CORP.</name>
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        <name>THE CHEFS' WAREHOUSE, INC.</name>
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        <name>AVISTA CORPORATION</name>
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        <name>ONE GAS, INC.</name>
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        <name>Immunome Inc</name>
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        <name>PHOTRONICS, INC.</name>
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        <name>Sun Country Airlines Holdings Inc</name>
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        <name>BROOKDALE SENIOR LIVING INC.</name>
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        <name>Oddity Tech Ltd</name>
        <lei>N/A</lei>
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        <name>ADVANSIX INC.</name>
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        <name>SCIENCE APPLICATIONS INTERNATIONAL CORPORATION</name>
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        <name>O-I GLASS, INC.</name>
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        <name>GRIFFON CORPORATION</name>
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        <name>SHARKNINJA, INC.</name>
        <lei>N/A</lei>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OFG BANCORP</name>
        <lei>549300Q4QEXJ37LEXQ06</lei>
        <title>OFG BANCORP</title>
        <cusip>67103X102</cusip>
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          <isin value="PR67103X1020"/>
          <other otherDesc="Internal" value="B87LKR8"/>
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        <balance>101705.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4002091.75000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LIVANOVA PLC</name>
        <lei>2138001K2FX6SHK2B339</lei>
        <title>LIVANOVA PLC</title>
        <cusip>G5509L101</cusip>
        <identifiers>
          <isin value="GB00BYMT0J19"/>
          <other otherDesc="Internal" value="BYMT0J1"/>
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        <balance>28100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1039700.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>XENIA HOTELS &amp; RESORTS, INC.</name>
        <lei>54930075IWIPHF5IQL62</lei>
        <title>XENIA HOTELS RESORTS INC</title>
        <cusip>984017103</cusip>
        <identifiers>
          <isin value="US9840171030"/>
          <other otherDesc="Internal" value="BVV6CY1"/>
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        <balance>34866.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>372368.88000000</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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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Orion S.A.</name>
        <lei>N/A</lei>
        <title>ORION SA</title>
        <cusip>L72967109</cusip>
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          <isin value="LU1092234845"/>
          <other otherDesc="Internal" value="BP8FKJ0"/>
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        <balance>66150.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>796446.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TITAN MACHINERY INC.</name>
        <lei>549300835ZM8G0BT5C94</lei>
        <title>TITAN MACHINERY INC</title>
        <cusip>88830R101</cusip>
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          <isin value="US88830R1014"/>
          <other otherDesc="Internal" value="B29H3T5"/>
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        <balance>38297.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>635347.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <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>COGENT COMMUNICATIONS HOLDINGS, INC.</name>
        <lei>N/A</lei>
        <title>COGENT COMMUNICATIONS HOLDINGS INC</title>
        <cusip>19239V302</cusip>
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          <isin value="US19239V3024"/>
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        <balance>29684.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CUSHMAN &amp; WAKEFIELD PLC</name>
        <lei>N/A</lei>
        <title>CUSHMAN WAKEFIELD PLC</title>
        <cusip>G2717B108</cusip>
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          <isin value="GB00BFZ4N465"/>
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        <balance>135500.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERICAN WOODMARK CORPORATION</name>
        <lei>5299007PFSDWMA74RB56</lei>
        <title>AMERICAN WOODMARK CORP</title>
        <cusip>030506109</cusip>
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          <isin value="US0305061097"/>
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        <balance>26685.00000000</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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GRAPHIC PACKAGING HOLDING COMPANY</name>
        <lei>N/A</lei>
        <title>GRAPHIC PACKAGING HOLDING CO</title>
        <cusip>388689101</cusip>
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          <isin value="US3886891015"/>
          <other otherDesc="Internal" value="B2Q8249"/>
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        <balance>53070.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1343201.70000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STEVEN MADDEN, LTD.</name>
        <lei>549300Z9GZ7GYJWSGF43</lei>
        <title>STEVEN MADDEN LTD</title>
        <cusip>556269108</cusip>
        <identifiers>
          <isin value="US5562691080"/>
          <other otherDesc="Internal" value="2553911"/>
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        <balance>99924.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2098404.00000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALARM.COM HOLDINGS, INC.</name>
        <lei>549300HIH92U1EKIHZ32</lei>
        <title>ALARM COM HOLDINGS INC</title>
        <cusip>011642105</cusip>
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          <isin value="US0116421050"/>
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        <balance>34089.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1827170.40000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Immunovant Inc</name>
        <lei>N/A</lei>
        <title>IMMUNOVANT INC</title>
        <cusip>45258J102</cusip>
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          <isin value="US45258J1025"/>
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        <balance>42014.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>678526.10000000</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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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ASBURY AUTOMOTIVE GROUP, INC.</name>
        <lei>549300JH4DTA7U42GL91</lei>
        <title>ASBURY AUTOMOTIVE GROUP INC</title>
        <cusip>043436104</cusip>
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          <isin value="US0434361046"/>
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        <balance>4827.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1052961.78000000</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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      <invstOrSec>
        <name>Merus NV</name>
        <lei>549300W8GPUWU8QNU293</lei>
        <title>MERUS NV</title>
        <cusip>N5749R100</cusip>
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          <isin value="NL0011606264"/>
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        <balance>21312.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NBT BANCORP INC.</name>
        <lei>N/A</lei>
        <title>N B T BANCORP INC</title>
        <cusip>628778102</cusip>
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        <balance>35850.00000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DIAMONDROCK HOSPITALITY COMPANY</name>
        <lei>529900KKD4BPVBUAQ734</lei>
        <title>DIAMONDROCK HOSPITALITY CO</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VISHAY INTERTECHNOLOGY, INC.</name>
        <lei>5493009O8F3QQJTCQR75</lei>
        <title>VISHAY INTERTECHNOLOGY INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TEGNA INC.</name>
        <lei>549300YC5EDBGX85AO10</lei>
        <title>TEGNA INC COM</title>
        <cusip>87901J105</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>BLACK HILLS CORPORATION</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
        <title>BLACK HILLS CORP</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Porch Group, Inc.</name>
        <lei>549300NXEI7CVW8IXQ90</lei>
        <title>PORCH GROUP INC</title>
        <cusip>733245104</cusip>
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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>TEREX CORPORATION</name>
        <lei>YAWJZJYEQ7M1SYMOS462</lei>
        <title>TEREX CORPORATION</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Shift4 Payments Inc</name>
        <lei>N/A</lei>
        <title>SHIFT4 PAYMENTS INC CLASS A</title>
        <cusip>82452J109</cusip>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VERICEL CORPORATION</name>
        <lei>54930076YM3PLTDR4B91</lei>
        <title>VERICEL CORP</title>
        <cusip>92346J108</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANNER CORPORATION</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Progyny 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>Veracyte Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIRST BUSEY CORPORATION</name>
        <lei>549300X4ZNLYSX7GUY60</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INDIE SEMICONDUCTOR, 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>BIOLIFE SOLUTIONS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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

        <fairValLevel>1</fairValLevel>
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        <name>Denali Therapeutics 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>LANCASTER COLONY CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Expro Group Holdings N.V.</name>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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

        <fairValLevel>1</fairValLevel>
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        <name>MATADOR RESOURCES COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SCANSOURCE, INC.</name>
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        <name>SPIRE GLOBAL, INC.</name>
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        <name>ACI WORLDWIDE, INC.</name>
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        <name>CACTUS, INC.</name>
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        <name>ACADIA PHARMACEUTICALS INC.</name>
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        <name>SPROUTS FARMERS MARKET, INC.</name>
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        <name>ALIGNMENT HEALTHCARE, INC.</name>
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        <name>SURGERY PARTNERS, INC.</name>
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        <name>ATLANTIC UNION BANKSHARES CORPORATION</name>
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        <name>PERRIGO COMPANY PUBLIC LIMITED COMPANY</name>
        <lei>549300IFOQS6R1QLY196</lei>
        <title>PERRIGO CO PLC</title>
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        <invCountry>IE</invCountry>

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        <name>STANDEX INTERNATIONAL CORPORATION</name>
        <lei>RCX52GR0JW2LRRMH9Z54</lei>
        <title>STANDEX INTERNATIONAL CORP</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GRANITE CONSTRUCTION INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PROG Holdings, Inc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HSBC US GOVERNMENT MONEY MARKET FUND</name>
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        <assetCat>STIV</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <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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      <invstOrSec>
        <name>HOME BANCSHARES, INC.</name>
        <lei>N/A</lei>
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          <isin value="US4368932004"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hawkins, Inc.</name>
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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>KITE REALTY GROUP TRUST</name>
        <lei>N/A</lei>
        <title>KITE REALTY GROUP TRUST</title>
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          <isin value="US49803T3005"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MERIT MEDICAL SYSTEMS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NORWEGIAN CRUISE LINE HOLDINGS LTD.</name>
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          <isin value="BMG667211046"/>
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        <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>HAYWARD HOLDINGS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>JACKSON FINANCIAL INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ESSENTIAL PROPERTIES REALTY TRUST, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kiniksa Pharmaceuticals International PLC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>G-III APPAREL GROUP, LTD.</name>
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        <name>Klaviyo Inc</name>
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        <name>Edgewise Therapeutics Inc</name>
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        <name>INTEGER HOLDINGS CORPORATION</name>
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        <name>HOULIHAN LOKEY, INC.</name>
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        <name>ICF INTERNATIONAL, INC.</name>
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        <name>CENTURY COMMUNITIES, INC.</name>
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        <name>CENTRUS ENERGY CORP.</name>
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        <name>COMFORT SYSTEMS USA, INC.</name>
        <lei>5299009DT1ZA5HTU6R38</lei>
        <title>COMFORT SYSTEMS USA INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UFP INDUSTRIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALAMO GROUP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MARRIOTT VACATIONS WORLDWIDE CORPORATION</name>
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          <isin value="US57164Y1073"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NATIONAL FUEL GAS COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TALOS ENERGY INC.</name>
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          <isin value="US87484T1088"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STAAR SURGICAL COMPANY</name>
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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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        <assetCat>STIV</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HANCOCK WHITNEY CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BOISE CASCADE COMPANY</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>AVANOS MEDICAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MANPOWERGROUP INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>COPT DEFENSE PROPERTIES</name>
        <lei>YY1J47X6LF9TYY8JY420</lei>
        <title>COPT DEFENSE PROPERTIES</title>
        <cusip>22002T108</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MAXLINEAR, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>WILLSCOT HOLDINGS CORPORATION</name>
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        <name>CATHAY GENERAL BANCORP</name>
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        <title>CATHAY GENERAL BANCORP</title>
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        <name>Nomad Foods Limited</name>
        <lei>5493000ZZ1837DS2SI43</lei>
        <title>NOMAD FOODS LTD</title>
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        <invCountry>VG</invCountry>

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        <name>NEWELL BRANDS INC.</name>
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        <name>WHITE MOUNTAINS INSURANCE GROUP, LTD.</name>
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        <invCountry>BM</invCountry>

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        <name>PJT PARTNERS INC.</name>
        <lei>549300W3WBEQUBKYTN87</lei>
        <title>PJT PARTNERS INC</title>
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        <name>TXNM Energy, Inc.</name>
        <lei>5493003JOBJGLZSDDQ28</lei>
        <title>TXNM ENERGY INC</title>
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        <name>ACADIAN ASSET MANAGEMENT INC.</name>
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        <title>ACADIAN ASSET MANAGEMENT INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Spire Inc.</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SPIRE INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SALLY BEAUTY HOLDINGS, INC.</name>
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        <name>Atmus Filtration Technologies Inc</name>
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        <name>THE TIMKEN COMPANY</name>
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        <name>BROADSTONE NET LEASE, INC.</name>
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        <name>TEEKAY CORPORATION LTD.</name>
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        <name>ASGN INCORPORATED</name>
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        <name>Collegium Pharmaceutical, Inc.</name>
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        <name>CURBLINE PROPERTIES CORP.</name>
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        <name>TRANSCAT, INC.</name>
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      <invstOrSec>
        <name>THE BRINK'S COMPANY</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
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          <isin value="US1096961040"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE ENSIGN GROUP, INC.</name>
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          <isin value="US29358P1012"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KINSALE CAPITAL GROUP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KODIAK GAS SERVICES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ICU MEDICAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PLAINS GP HOLDINGS, L.P</name>
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        <isRestrictedSec>N</isRestrictedSec>

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

        <fairValLevel>1</fairValLevel>
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        <name>Vaxcyte 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>THE GREENBRIER COMPANIES, INC.</name>
        <lei>5493001GAGGFR30BP390</lei>
        <title>GREENBRIER COS INC THE</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PVH CORP.</name>
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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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        <name>MUELLER INDUSTRIES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>WABASH NATIONAL CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BALCHEM CORPORATION</name>
        <lei>549300VR70OPMHUI3557</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TTM TECHNOLOGIES, INC.</name>
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        <title>TTM TECHNOLOGIES</title>
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        <name>LIFE TIME GROUP HOLDINGS, INC</name>
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        <name>ALKERMES PUBLIC LIMITED COMPANY</name>
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        <name>HORACE MANN EDUCATORS CORPORATION</name>
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        <name>ARROWHEAD PHARMACEUTICALS, INC.</name>
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        <name>ARTISAN PARTNERS ASSET MANAGEMENT INC.</name>
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        <name>ARCOSA, INC.</name>
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        <name>LADDER CAPITAL CORP</name>
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        <name>Edgewell Personal Care Company</name>
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        <title>EDGEWELL PERSONAL CARE CO</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>BRIDGEBIO PHARMA, INC.</name>
        <lei>54930028YG89VTY2J114</lei>
        <title>BRIDGEBIO PHARMA INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Teekay Tankers Ltd.</name>
        <lei>549300DE8ZAIYS2T6Q22</lei>
        <title>TEEKAY TANKERS LTD</title>
        <cusip>G8726X106</cusip>
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          <isin value="BMG8726X1065"/>
          <other otherDesc="Internal" value="BL54JK6"/>
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        <balance>27448.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Summit Therapeutics Inc</name>
        <lei>N/A</lei>
        <title>SUMMIT THERAPEUTICS INC</title>
        <cusip>86627T108</cusip>
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          <isin value="US86627T1088"/>
          <other otherDesc="Internal" value="BMTVQS7"/>
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        <balance>25540.00000000</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>
      <invstOrSec>
        <name>VERIS RESIDENTIAL, INC.</name>
        <lei>254900KTVBRYJCQU2J23</lei>
        <title>Veris Residential Inc</title>
        <cusip>554489104</cusip>
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          <isin value="US5544891048"/>
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        <balance>72500.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PTC INC.</name>
        <lei>54930050SSMU8SKDJ030</lei>
        <title>PTC INC</title>
        <cusip>69370C100</cusip>
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          <isin value="US69370C1009"/>
          <other otherDesc="Internal" value="B95N910"/>
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        <balance>4910.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GERON CORPORATION</name>
        <lei>549300T282D7Z2YESL90</lei>
        <title>GERON CORP</title>
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          <isin value="US3741631036"/>
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        <balance>96678.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FLEXION THERAPEUTICS INC CVR</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="US33938J1060"/>
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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>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LCI INDUSTRIES</name>
        <lei>549300E1B98YNJ1WIQ04</lei>
        <title>LCI INDUSTRIES</title>
        <cusip>50189K103</cusip>
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          <isin value="US50189K1034"/>
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        <balance>25501.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERESCO, INC.</name>
        <lei>529900NZXZGBCBXYY327</lei>
        <title>AMERESCO INC</title>
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          <isin value="US02361E1082"/>
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        <balance>57015.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEDIATRIX MEDICAL GROUP, INC.</name>
        <lei>N/A</lei>
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          <isin value="US58502B1061"/>
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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>VALLEY NATIONAL BANCORP</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>VALLEY NATIONAL BANCORP</title>
        <cusip>919794107</cusip>
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          <isin value="US9197941076"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>THE BUCKLE, INC.</name>
        <lei>5299007IU0461T3GDL34</lei>
        <title>BUCKLE INC THE</title>
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          <isin value="US1184401065"/>
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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>RYDER SYSTEM, INC.</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>RYDER SYSTEM INC</title>
        <cusip>783549108</cusip>
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          <isin value="US7835491082"/>
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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>CARETRUST REIT, INC.</name>
        <lei>5493001NVXE2B9GPLU96</lei>
        <title>CARETRUST REIT INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ENTERPRISE FINANCIAL SERVICES CORP</name>
        <lei>5493001XTU5DLD632129</lei>
        <title>ENTERPRISE FINANCIAL SERVICES 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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        <name>Cytosorbents Corp</name>
        <lei>549300VI8WO8GK5QK793</lei>
        <title>CYTOSORBENTS CORP</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ADAPTHEALTH CORP.</name>
        <lei>N/A</lei>
        <title>ADAPTHEALTH CORP</title>
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        <fairValLevel>1</fairValLevel>
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        <name>KULICKE AND SOFFA INDUSTRIES, INC.</name>
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        <title>KULICKE SOFFA INDUSTRIES INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>SI-BONE Inc</name>
        <lei>549300J8JGYVJJHV9C31</lei>
        <title>SI BONE 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>Caleres Inc.</name>
        <lei>JFU6RQQJ8Z1CPOLBXQ18</lei>
        <title>CALERES INC</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>StepStone Group Inc</name>
        <lei>N/A</lei>
        <title>STEPSTONE GROUP INC</title>
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        <name>RH</name>
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        <title>RH</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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        <name>Owens &amp; Minor, Inc.</name>
        <lei>549300LMT5KQQXCEZ733</lei>
        <title>OWENS MINOR INC HOLDING CO</title>
        <cusip>690732102</cusip>
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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>GATES INDUSTRIAL CORPORATION PLC</name>
        <lei>549300S6K4FWUSB9KM27</lei>
        <title>GATES INDUSTRIAL CORP PLC</title>
        <cusip>G39108108</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Portillos Inc</name>
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        <name>Avidity Biosciences Inc</name>
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        <name>Cellebrite DI Ltd</name>
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        <name>EMPIRE STATE REALTY TRUST, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SUPERNUS PHARMACEUTICALS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>HOPE BANCORP, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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

        <fairValLevel>1</fairValLevel>
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        <name>FTAI Aviation Ltd,</name>
        <lei>N/A</lei>
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        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Enovix Corporation</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GMS INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PRIVIA HEALTH GROUP, INC.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PROGRESS SOFTWARE CORPORATION</name>
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        <title>PROGRESS SOFTWARE CORPORATION</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>JFROG LTD</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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        <name>NORTHERN OIL AND GAS, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MILLERKNOLL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Evertec, Inc.</name>
        <lei>N/A</lei>
        <title>EVERTEC INC</title>
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        <balance>91531.00000000</balance>
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        <invCountry>PR</invCountry>

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        <name>NOVA LTD</name>
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        <title>NOVA LTD</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CARGURUS, 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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        <name>Taysha Gene Therapies Inc</name>
        <lei>N/A</lei>
        <title>TAYSHA GENE THERAPIES INC</title>
        <cusip>877619106</cusip>
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        <invCountry>US</invCountry>

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        <name>SUNCOKE ENERGY, INC.</name>
        <lei>1KF1J2NXQE2PI0QOB943</lei>
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        <name>CRANE NXT, CO.</name>
        <lei>549300EXNPSXEWUD3N21</lei>
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        <name>NPK INTERNATIONAL INC.</name>
        <lei>54930073OHWDQW4DJN26</lei>
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        <name>UNDER ARMOUR, INC.</name>
        <lei>549300D4549QKWETZ406</lei>
        <title>UNDER ARMOUR INC CLASS C</title>
        <cusip>904311206</cusip>
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        <name>SYNAPTICS INCORPORATED</name>
        <lei>549300AJ3LI4FWNRQX29</lei>
        <title>SYNAPTICS INCORPORATED</title>
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        <name>Archer Aviation Inc</name>
        <lei>N/A</lei>
        <title>ARCHER AVIATION INC</title>
        <cusip>03945R102</cusip>
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        <invCountry>US</invCountry>

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        <name>VERINT SYSTEMS INC.</name>
        <lei>549300KEQJS5FRVUCO94</lei>
        <title>VERINT SYSTEMS INC</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>ESSENT GROUP LTD</name>
        <lei>254900QUO860OUT6ZF83</lei>
        <title>ESSENT GROUP LTD</title>
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        <name>THE HACKETT GROUP, INC.</name>
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        <name>RYERSON HOLDING CORPORATION</name>
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        <name>THE VITA COCO COMPANY, INC.</name>
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        <name>KB HOME</name>
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        <name>ADMA BIOLOGICS, INC.</name>
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        <name>Sportradar Group AG</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PC CONNECTION, INC.</name>
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        <name>FRANKLIN BSP REALTY TRUST, INC.</name>
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        <name>ESCO TECHNOLOGIES INC.</name>
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        <name>NOVANTA INC.</name>
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        <name>SPX TECHNOLOGIES, INC.</name>
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        <name>DoubleVerify Holdings Inc</name>
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        <name>Renasant Corporation</name>
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        <name>Scholar Rock Holding Corp</name>
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        <name>LUMEN TECHNOLOGIES, INC.</name>
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        <name>BANK OF HAWAII CORPORATION</name>
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        <name>NewMarket Corporation</name>
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        <name>INDEPENDENT BANK CORP.</name>
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        <name>Signet Jewelers Limited</name>
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        <name>BEL FUSE INC.</name>
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        <name>InterDigital, Inc.</name>
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        <name>SILA REALTY TRUST, INC.</name>
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        <name>GARRETT MOTION INC.</name>
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        <name>BELDEN INC.</name>
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        <name>Matson Inc</name>
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      <invstOrSec>
        <name>REPLIGEN CORPORATION</name>
        <lei>54930006QJ0T5AUO1E71</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CASELLA WASTE SYSTEMS, INC.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arcellx Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VIVID SEATS INC.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>iShares Russell 2000 ETF</name>
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          <isin value="US4642876555"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SENSATA TECHNOLOGIES HOLDING PLC</name>
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          <isin value="GB00BFMBMT84"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>LIQUIDITY SERVICES, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>INSMED INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CORCEPT THERAPEUTICS INCORPORATED</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SHOE CARNIVAL, INC.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>RPC, INC.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DONNELLEY FINANCIAL SOLUTIONS, INC.</name>
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        <name>MAYVILLE ENGINEERING COMPANY, INC</name>
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        <name>Genius Sports Ltd</name>
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        <name>AMALGAMATED FINANCIAL CORP.</name>
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        <name>SPS COMMERCE, INC.</name>
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        <name>RAMBUS INC.</name>
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        <name>WINNEBAGO INDUSTRIES, INC.</name>
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        <name>VEECO INSTRUMENTS INC.</name>
        <lei>5493004201F72ADDZW04</lei>
        <title>VEECO INSTRUMENTS INC</title>
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        <name>Stoke Therapeutics Inc</name>
        <lei>549300RD25SS2DIJHJ67</lei>
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        <name>MAREX GROUP PLC</name>
        <lei>549300DWX0SVICJAL507</lei>
        <title>MAREX GROUP PLC</title>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PAYLOCITY HOLDING CORPORATION</name>
        <lei>549300VH75FTB4DIEE07</lei>
        <title>PAYLOCITY HOLDING CORP</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DYNEX CAPITAL, INC.</name>
        <lei>5CIJ4S9HAEBWILA19B65</lei>
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        <name>AXALTA COATING SYSTEMS LTD.</name>
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        <name>Cadence Bank</name>
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        <name>Dyne Therapeutics Inc</name>
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        <name>STEWART INFORMATION SERVICES CORPORATION</name>
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        <name>Global-E Online Ltd</name>
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        <name>ACCO BRANDS CORPORATION</name>
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        <name>SILICON LABORATORIES INC.</name>
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        <name>Real Brokerage Inc</name>
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        <name>STERLING INFRASTRUCTURE, INC.</name>
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        <name>Revolution Medicines Inc</name>
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        <name>QUANEX BUILDING PRODUCTS CORPORATION</name>
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        <name>Latham Group Inc</name>
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        <name>Twist Bioscience Corp</name>
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        <name>VARONIS SYSTEMS, INC.</name>
        <lei>549300SHIVNRRH7STS26</lei>
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        <name>The Descartes Systems Group Inc.</name>
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        <name>PRESTIGE CONSUMER HEALTHCARE INC.</name>
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        <name>HALOZYME THERAPEUTICS, INC.</name>
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        <name>THE GOODYEAR TIRE &amp; RUBBER COMPANY</name>
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        <name>INTEGRA LIFESCIENCES HOLDINGS CORPORATION</name>
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        <name>NUTANIX, INC.</name>
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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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CULLEN/FROST BANKERS, INC.</name>
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          <isin value="US2298991090"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABERCROMBIE &amp; FITCH CO.</name>
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        <title>ABERCROMBIE FITCH CO</title>
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          <isin value="US0028962076"/>
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        <payoffProfile>Long</payoffProfile>
        <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>Kura Sushi USA Inc</name>
        <lei>N/A</lei>
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          <isin value="US5012701026"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BLUELINX HOLDINGS INC.</name>
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          <isin value="US09624H2085"/>
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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>THE CHEESECAKE FACTORY INCORPORATED</name>
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        <title>CHEESECAKE FACTORY INCORPORATED</title>
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          <isin value="US1630721017"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>URANIUM ENERGY CORP.</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SUNOPTA INC.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nextracker Inc</name>
        <lei>N/A</lei>
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        <balance>17190.00000000</balance>
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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>DOUGLAS EMMETT, INC.</name>
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          <isin value="US25960P1093"/>
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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>NORTHEAST COMMUNITY BANCORP, INC.</name>
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        <title>NORTHEAST COMMUNITY BANCORP 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>PACIFIC PREMIER BANCORP, INC.</name>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BLUEPRINT MEDICINES CORPORATION</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HUB GROUP, INC.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SIMMONS FIRST NATIONAL CORPORATION</name>
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        <title>SIMMONS FIRST NATL CORP CL A</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Qualys Inc</name>
        <lei>549300EMBXYOW9W1XA17</lei>
        <title>QUALYS INC</title>
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        <fairValLevel>1</fairValLevel>
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        <name>RBC BEARINGS INCORPORATED</name>
        <lei>N/A</lei>
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        <name>VERITEX HOLDINGS, INC.</name>
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        <name>STEVANATO GROUP SOCIETA PER AZIONI</name>
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        <title>STEVANATO GROUP SPA</title>
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        <invCountry>IT</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>OKTA, INC.</name>
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        <title>OKTA INC</title>
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        <name>WORTHINGTON STEEL, INC.</name>
        <lei>2549009ZUUWL3QLK6G24</lei>
        <title>WORTHINGTON STEEL INC</title>
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        <name>ENCOMPASS HEALTH CORPORATION</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>ENCOMPASS HEALTH CORP</title>
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        <invCountry>US</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>YELP INC.</name>
        <lei>5299007OU2DOSXPQBO35</lei>
        <title>YELP INC</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CORE SCIENTIFIC, INC.</name>
        <lei>N/A</lei>
        <title>CORE SCIENTIFIC INC</title>
        <cusip>21874A106</cusip>
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        <curCd>USD</curCd>
        <valUSD>340791.30000000</valUSD>
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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>
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        <name>SYLVAMO CORPORATION</name>
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        <title>SYLVAMO CORP</title>
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        <curCd>USD</curCd>
        <valUSD>1010141.66000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>INGEVITY CORPORATION</name>
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        <title>INGEVITY CORP</title>
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          <other otherDesc="Internal" value="BD4LHG4"/>
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        <curCd>USD</curCd>
        <valUSD>809691.98000000</valUSD>
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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>
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      </invstOrSec>
      <invstOrSec>
        <name>Zeta Global Holdings Corp</name>
        <lei>2549008P9XSJQHGQ9S27</lei>
        <title>ZETA GLOBAL HOLDINGS CORP</title>
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          <isin value="US98956A1051"/>
          <other otherDesc="Internal" value="BN0TQF4"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>211859.32000000</valUSD>
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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>
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      <invstOrSec>
        <name>IRadimed Corp</name>
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        <curCd>USD</curCd>
        <valUSD>154504.68000000</valUSD>
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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>GCM GROSVENOR INC.</name>
        <lei>N/A</lei>
        <title>GCM GROSVENOR INC</title>
        <cusip>36831E108</cusip>
        <identifiers>
          <isin value="US36831E1082"/>
          <other otherDesc="Internal" value="BNDQ9Y2"/>
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        <balance>58034.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>727746.36000000</valUSD>
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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>
          <loanByFundCondition isLoanByFund="Y" loanVal="722184.21000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-05-30</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>
  </formData>
</edgarSubmission>
