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      <invstOrSec>
        <name>Fulton Financial Corp</name>
        <lei>5493005QLZ6O1BNC0C11</lei>
        <title>Fulton Financial Corp</title>
        <cusip>360271100</cusip>
        <identifiers>
          <isin value="US3602711000"/>
          <ticker value="FULT"/>
        </identifiers>
        <balance>151700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2826171.00000000</valUSD>
        <pctVal>0.789239921460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NETGEAR Inc</name>
        <lei>54930067KX3UNRHDWA78</lei>
        <title>NETGEAR Inc</title>
        <cusip>64111Q104</cusip>
        <identifiers>
          <isin value="US64111Q1040"/>
          <ticker value="NTGR"/>
        </identifiers>
        <balance>125400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4061706.00000000</valUSD>
        <pctVal>1.134276915457</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Phinia Inc</name>
        <lei>254900HG6MORZE1FFM18</lei>
        <title>Phinia Inc</title>
        <cusip>71880K101</cusip>
        <identifiers>
          <isin value="US71880K1016"/>
          <ticker value="PHIN"/>
        </identifiers>
        <balance>31640.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1818667.20000000</valUSD>
        <pctVal>0.507883195351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Oil &amp; Gas Inc</name>
        <lei>OKFF0PIZDDMNH4UCYE51</lei>
        <title>Northern Oil &amp; Gas Inc</title>
        <cusip>665531307</cusip>
        <identifiers>
          <isin value="US6655313079"/>
          <ticker value="NOG"/>
        </identifiers>
        <balance>60000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1488000.00000000</valUSD>
        <pctVal>0.415540674337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1488000.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oceaneering International Inc</name>
        <lei>549300L6PH74701W0R30</lei>
        <title>Oceaneering International Inc</title>
        <cusip>675232102</cusip>
        <identifiers>
          <isin value="US6752321025"/>
          <ticker value="OII"/>
        </identifiers>
        <balance>83613.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2071930.14000000</valUSD>
        <pctVal>0.578609709378</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enact Holdings Inc</name>
        <lei>9845003CA5664B741N19</lei>
        <title>Enact Holdings Inc</title>
        <cusip>29249E109</cusip>
        <identifiers>
          <isin value="US29249E1091"/>
          <ticker value="ACT"/>
        </identifiers>
        <balance>101400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3887676.00000000</valUSD>
        <pctVal>1.085677087799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Waterstone Financial Inc</name>
        <lei>5493002KM21XRC2DCQ02</lei>
        <title>Waterstone Financial Inc</title>
        <cusip>94188P101</cusip>
        <identifiers>
          <isin value="US94188P1012"/>
          <ticker value="WSBF"/>
        </identifiers>
        <balance>61989.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>967028.40000000</valUSD>
        <pctVal>0.270053517096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SunCoke Energy Inc</name>
        <lei>1KF1J2NXQE2PI0QOB943</lei>
        <title>SunCoke Energy Inc</title>
        <cusip>86722A103</cusip>
        <identifiers>
          <isin value="US86722A1034"/>
          <ticker value="SXC"/>
        </identifiers>
        <balance>435800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3556128.00000000</valUSD>
        <pctVal>0.993088593514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Heidrick &amp; Struggles Internati</name>
        <lei>5493006284N2J367VB57</lei>
        <title>Heidrick &amp; Struggles International Inc</title>
        <cusip>422819102</cusip>
        <identifiers>
          <isin value="US4228191023"/>
          <ticker value="HSII"/>
        </identifiers>
        <balance>67118.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3340462.86000000</valUSD>
        <pctVal>0.932861686453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First BanCorp/Puerto Rico</name>
        <lei>N/A</lei>
        <title>First BanCorp/Puerto Rico</title>
        <cusip>318672706</cusip>
        <identifiers>
          <isin value="PR3186727065"/>
          <ticker value="FBP"/>
        </identifiers>
        <balance>143600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3166380.00000000</valUSD>
        <pctVal>0.884247097048</pctVal>
        <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>Daktronics Inc</name>
        <lei>549300IOLZ3SG5YUJ288</lei>
        <title>Daktronics Inc</title>
        <cusip>234264109</cusip>
        <identifiers>
          <isin value="US2342641097"/>
          <ticker value="DAKT"/>
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        <balance>170553.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3567968.76000000</valUSD>
        <pctVal>0.996395258430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SIGA Technologies Inc</name>
        <lei>N/A</lei>
        <title>SIGA Technologies Inc</title>
        <cusip>826917106</cusip>
        <identifiers>
          <isin value="US8269171067"/>
          <ticker value="SIGA"/>
        </identifiers>
        <balance>191568.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1752847.20000000</valUSD>
        <pctVal>0.489502222781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>ScanSource Inc</name>
        <lei>7FHBAN017QDY4K2KP156</lei>
        <title>ScanSource Inc</title>
        <cusip>806037107</cusip>
        <identifiers>
          <isin value="US8060371072"/>
          <ticker value="SCSC"/>
        </identifiers>
        <balance>83600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3677564.00000000</valUSD>
        <pctVal>1.027000957311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banner Corp</name>
        <lei>N/A</lei>
        <title>Banner Corp</title>
        <cusip>06652V208</cusip>
        <identifiers>
          <isin value="US06652V2088"/>
          <ticker value="BANR"/>
        </identifiers>
        <balance>51000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3340500.00000000</valUSD>
        <pctVal>0.932872058215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Koppers Holdings Inc</name>
        <lei>N/A</lei>
        <title>Koppers Holdings Inc</title>
        <cusip>50060P106</cusip>
        <identifiers>
          <isin value="US50060P1066"/>
          <ticker value="KOP"/>
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        <balance>32800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>918400.00000000</valUSD>
        <pctVal>0.256473491472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Prestige Consumer Healthcare I</name>
        <lei>N/A</lei>
        <title>Prestige Consumer Healthcare Inc</title>
        <cusip>74112D101</cusip>
        <identifiers>
          <isin value="US74112D1019"/>
          <ticker value="PBH"/>
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        <balance>54600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3407040.00000000</valUSD>
        <pctVal>0.951454098853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Dole PLC</name>
        <lei>635400JUG5XJXOPPJJ47</lei>
        <title>Dole PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE0003LFZ4U7"/>
          <ticker value="DOLE"/>
          <other otherDesc="SEDOL" value="BMCLHR0"/>
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        <balance>131600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1768704.00000000</valUSD>
        <pctVal>0.493930411870</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oil States International Inc</name>
        <lei>5493004TF4KQJGMYL777</lei>
        <title>Oil States International Inc</title>
        <cusip>678026105</cusip>
        <identifiers>
          <isin value="US6780261052"/>
          <ticker value="OIS"/>
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        <balance>220000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1333200.00000000</valUSD>
        <pctVal>0.372311039668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>United Bankshares Inc/WV</name>
        <lei>5299005O3BAMJ9Z92V62</lei>
        <title>United Bankshares Inc/WV</title>
        <cusip>909907107</cusip>
        <identifiers>
          <isin value="US9099071071"/>
          <ticker value="UBSI"/>
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        <balance>42146.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1568252.66000000</valUSD>
        <pctVal>0.437952128943</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DREY INST PREF GOV MM-M</name>
        <lei>N/A</lei>
        <title>DREY INST PREF GOV MM-M</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="DSVXX"/>
          <other otherDesc="INTERNAL" value="BYM4CH2D2"/>
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        <balance>2587005.67000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2587005.67000000</valUSD>
        <pctVal>0.722450323001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="2587005.67000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Korn Ferry</name>
        <lei>549300FOD20OM0GT5G40</lei>
        <title>Korn Ferry</title>
        <cusip>500643200</cusip>
        <identifiers>
          <isin value="US5006432000"/>
          <ticker value="KFY"/>
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        <balance>46892.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3281502.16000000</valUSD>
        <pctVal>0.916396250272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Preferred Bank/Los Angeles CA</name>
        <lei>5493007K6HGI9G0ECX16</lei>
        <title>Preferred Bank/Los Angeles CA</title>
        <cusip>740367404</cusip>
        <identifiers>
          <isin value="US7403674044"/>
          <ticker value="PFBC"/>
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        <balance>13676.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1236173.64000000</valUSD>
        <pctVal>0.345215341373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cathay General Bancorp</name>
        <lei>549300K1SLJ8C97H5L68</lei>
        <title>Cathay General Bancorp</title>
        <cusip>149150104</cusip>
        <identifiers>
          <isin value="US1491501045"/>
          <ticker value="CATY"/>
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        <balance>29000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1392290.00000000</valUSD>
        <pctVal>0.388812584323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>La-Z-Boy Inc</name>
        <lei>549300WNO1WMN9ZG2519</lei>
        <title>La-Z-Boy Inc</title>
        <cusip>505336107</cusip>
        <identifiers>
          <isin value="US5053361078"/>
          <ticker value="LZB"/>
        </identifiers>
        <balance>51687.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1773897.84000000</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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      </invstOrSec>
      <invstOrSec>
        <name>Liberty Energy Inc</name>
        <lei>N/A</lei>
        <title>Liberty Energy Inc</title>
        <cusip>53115L104</cusip>
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          <isin value="US53115L1044"/>
          <ticker value="LBRT"/>
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        <balance>218509.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2696401.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Axos Financial Inc</name>
        <lei>529900D8M56422GK9O25</lei>
        <title>Axos Financial Inc</title>
        <cusip>05465C100</cusip>
        <identifiers>
          <isin value="US05465C1009"/>
          <ticker value="AX"/>
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        <balance>45800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3876970.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LTC Properties Inc</name>
        <lei>549300NRZP8IJG2KY677</lei>
        <title>LTC Properties Inc</title>
        <cusip>502175102</cusip>
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          <isin value="US5021751020"/>
          <ticker value="LTC"/>
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        <balance>52000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1916720.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Synaptics Inc</name>
        <lei>549300AJ3LI4FWNRQX29</lei>
        <title>Synaptics Inc</title>
        <cusip>87157D109</cusip>
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          <isin value="US87157D1090"/>
          <ticker value="SYNA"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2391900.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Old Second Bancorp Inc</name>
        <lei>549300XVJC1MPUT81C04</lei>
        <title>Old Second Bancorp Inc</title>
        <cusip>680277100</cusip>
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          <isin value="US6802771005"/>
          <ticker value="OSBC"/>
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        <balance>156900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2712016.50000000</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>Oklo Inc</name>
        <lei>N/A</lei>
        <title>Oklo Inc</title>
        <cusip>02156V109</cusip>
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          <isin value="US02156V1098"/>
          <ticker value="OKLO"/>
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        <balance>24250.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2707027.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="2707027.50000000"/>
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      <invstOrSec>
        <name>Tidewater Inc</name>
        <lei>2549000JA5GRUPLMUH98</lei>
        <title>Tidewater Inc</title>
        <cusip>88642R109</cusip>
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          <isin value="US88642R1095"/>
          <ticker value="TDW"/>
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        <balance>47267.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2520749.11000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="2168931.10000000"/>
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      <invstOrSec>
        <name>TripAdvisor Inc</name>
        <lei>549300XVG45PT5BART17</lei>
        <title>TripAdvisor Inc</title>
        <cusip>896945201</cusip>
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          <isin value="US8969452015"/>
          <ticker value="TRIP"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1788600.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Black Hills Corp</name>
        <lei>3MGELCRSTNSAMJ962671</lei>
        <title>Black Hills Corp</title>
        <cusip>092113109</cusip>
        <identifiers>
          <isin value="US0921131092"/>
          <ticker value="BKH"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>923850.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Laureate Education Inc</name>
        <lei>5JL7TMOH5TY3IUYSUP91</lei>
        <title>Laureate Education Inc</title>
        <cusip>518613203</cusip>
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          <isin value="US5186132032"/>
          <ticker value="LAUR"/>
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        <balance>34200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1078668.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EnerSys</name>
        <lei>7ZS3DE5PN30BYUJFWP05</lei>
        <title>EnerSys</title>
        <cusip>29275Y102</cusip>
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          <isin value="US29275Y1029"/>
          <ticker value="ENS"/>
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        <balance>18800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2123648.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kontoor Brands Inc</name>
        <lei>549300M0CPXV65RFF271</lei>
        <title>Kontoor Brands Inc</title>
        <cusip>50050N103</cusip>
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          <isin value="US50050N1037"/>
          <ticker value="KTB"/>
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        <balance>13500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1076895.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fidelity Government Portfolio</name>
        <lei>549300FQDFZGLUOCWN51</lei>
        <title>Fidelity Government Portfolio</title>
        <cusip>316175108</cusip>
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          <isin value="US3161751082"/>
          <ticker value="FIGXX"/>
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        <balance>398930.89000000</balance>
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        <curCd>USD</curCd>
        <valUSD>398930.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CBL &amp; Associates Properties In</name>
        <lei>529900EIVFBRS4PUBZ13</lei>
        <title>CBL &amp; Associates Properties Inc</title>
        <cusip>124830878</cusip>
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          <isin value="US1248308785"/>
          <ticker value="CBL"/>
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        <balance>100072.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puma Biotechnology Inc</name>
        <lei>N/A</lei>
        <title>Puma Biotechnology Inc</title>
        <cusip>74587V107</cusip>
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          <isin value="US74587V1070"/>
          <ticker value="PBYI"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pacira BioSciences Inc</name>
        <lei>N/A</lei>
        <title>Pacira BioSciences Inc</title>
        <cusip>695127100</cusip>
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          <isin value="US6951271005"/>
          <ticker value="PCRX"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Getty Realty Corp</name>
        <lei>2549000P1W5SFJWCNP90</lei>
        <title>Getty Realty Corp</title>
        <cusip>374297109</cusip>
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          <isin value="US3742971092"/>
          <ticker value="GTY"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HealthStream Inc</name>
        <lei>529900OJ88H8635JNH64</lei>
        <title>HealthStream Inc</title>
        <cusip>42222N103</cusip>
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          <ticker value="HSTM"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Buckle Inc/The</name>
        <lei>5299007IU0461T3GDL34</lei>
        <title>Buckle Inc/The</title>
        <cusip>118440106</cusip>
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          <isin value="US1184401065"/>
          <ticker value="BKE"/>
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        <balance>43500.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>REX American Resources Corp</name>
        <lei>N/A</lei>
        <title>REX American Resources Corp</title>
        <cusip>761624105</cusip>
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          <isin value="US7616241052"/>
          <ticker value="REX"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sabra Health Care REIT Inc</name>
        <lei>549300E3BC7GU7TAZ621</lei>
        <title>Sabra Health Care REIT Inc</title>
        <cusip>78573L106</cusip>
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          <isin value="US78573L1061"/>
          <ticker value="SBRA"/>
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        <balance>75000.00000000</balance>
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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>California Resources Corp</name>
        <lei>5493003Q8F0T4F4YMR48</lei>
        <title>California Resources Corp</title>
        <cusip>13057Q305</cusip>
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          <isin value="US13057Q3056"/>
          <ticker value="CRC"/>
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        <balance>54000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2871720.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>G-III Apparel Group Ltd</name>
        <lei>529900O5KABM3R3SFM87</lei>
        <title>G-III Apparel Group Ltd</title>
        <cusip>36237H101</cusip>
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          <isin value="US36237H1014"/>
          <ticker value="GIII"/>
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        <balance>136000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3618960.00000000</valUSD>
        <pctVal>1.010635133602</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GigaCloud Technology Inc</name>
        <lei>N/A</lei>
        <title>GigaCloud Technology Inc</title>
        <cusip>000000000</cusip>
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          <isin value="KYG386441037"/>
          <ticker value="GCT"/>
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        <curCd>USD</curCd>
        <valUSD>1562000.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Peoples Bancorp Inc/OH</name>
        <lei>N/A</lei>
        <title>Peoples Bancorp Inc/OH</title>
        <cusip>709789101</cusip>
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          <isin value="US7097891011"/>
          <ticker value="PEBO"/>
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        <balance>28457.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>853425.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ennis Inc</name>
        <lei>N/A</lei>
        <title>Ennis Inc</title>
        <cusip>293389102</cusip>
        <identifiers>
          <isin value="US2933891028"/>
          <ticker value="EBF"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>822600.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sun Country Airlines Holdings</name>
        <lei>549300MOHOJN9GH0NJ48</lei>
        <title>Sun Country Airlines Holdings Inc</title>
        <cusip>866683105</cusip>
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          <isin value="US8666831057"/>
          <ticker value="SNCY"/>
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        <balance>165600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1955736.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Ingles Markets Inc</name>
        <lei>549300XH5RYBMYP8TF26</lei>
        <title>Ingles Markets Inc</title>
        <cusip>457030104</cusip>
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          <isin value="US4570301048"/>
          <ticker value="IMKTA"/>
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        <balance>33100.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2302436.00000000</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>City Holding Co</name>
        <lei>N/A</lei>
        <title>City Holding Co</title>
        <cusip>177835105</cusip>
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          <isin value="US1778351056"/>
          <ticker value="CHCO"/>
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        <balance>30200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3740874.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Jersey Resources Corp</name>
        <lei>549300QKBSQBIX4DQ583</lei>
        <title>New Jersey Resources Corp</title>
        <cusip>646025106</cusip>
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          <isin value="US6460251068"/>
          <ticker value="NJR"/>
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        <balance>38000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1829700.00000000</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>Mercury General Corp</name>
        <lei>5493001Q9EXPCEL4W527</lei>
        <title>Mercury General Corp</title>
        <cusip>589400100</cusip>
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          <isin value="US5894001008"/>
          <ticker value="MCY"/>
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        <balance>32700.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2772306.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Central Garden &amp; Pet Co</name>
        <lei>5493004DVZLD37DJ0H83</lei>
        <title>Central Garden &amp; Pet Co</title>
        <cusip>153527205</cusip>
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          <isin value="US1535272058"/>
          <ticker value="CENTA"/>
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        <balance>96300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2843739.00000000</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Boise Cascade Co</name>
        <lei>549300Z8B8LSRHC7XA55</lei>
        <title>Boise Cascade Co</title>
        <cusip>09739D100</cusip>
        <identifiers>
          <isin value="US09739D1000"/>
          <ticker value="BCC"/>
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        <balance>23900.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1847948.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atlantic Union Bankshares Corp</name>
        <lei>N/A</lei>
        <title>Atlantic Union Bankshares Corp</title>
        <cusip>04911A107</cusip>
        <identifiers>
          <isin value="US04911A1079"/>
          <ticker value="AUB"/>
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        <balance>42000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1482180.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Turtle Beach Corp</name>
        <lei>549300SZRV8U8PXSYI20</lei>
        <title>Turtle Beach Corp</title>
        <cusip>900450206</cusip>
        <identifiers>
          <isin value="US9004502061"/>
          <ticker value="TBCH"/>
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        <balance>90200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1434180.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Supernus Pharmaceuticals Inc</name>
        <lei>549300GRM36VBKISYJ58</lei>
        <title>Supernus Pharmaceuticals Inc</title>
        <cusip>868459108</cusip>
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          <isin value="US8684591089"/>
          <ticker value="SUPN"/>
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        <balance>83000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3966570.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BrightView Holdings Inc</name>
        <lei>549300F8QN8YHVI7L866</lei>
        <title>BrightView Holdings Inc</title>
        <cusip>10948C107</cusip>
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          <isin value="US10948C1071"/>
          <ticker value="BV"/>
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        <balance>92000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1232800.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Graham Holdings Co</name>
        <lei>529900BOSCEEEMAFQJ29</lei>
        <title>Graham Holdings Co</title>
        <cusip>384637104</cusip>
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          <isin value="US3846371041"/>
          <ticker value="GHC"/>
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        <balance>3800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4473778.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commercial Metals Co</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>Commercial Metals Co</title>
        <cusip>201723103</cusip>
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          <isin value="US2017231034"/>
          <ticker value="CMC"/>
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        <balance>45000.00000000</balance>
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        <valUSD>2577600.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Costamare Inc</name>
        <lei>5299003L6NPTZ25LN818</lei>
        <title>Costamare Inc</title>
        <cusip>000000000</cusip>
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          <isin value="MHY1771G1026"/>
          <ticker value="CMRE"/>
          <other otherDesc="SEDOL" value="B566T98"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>MC</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Four Corners Property Trust In</name>
        <lei>549300SVTPZPBDVNER42</lei>
        <title>Four Corners Property Trust Inc</title>
        <cusip>35086T109</cusip>
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          <isin value="US35086T1097"/>
          <ticker value="FCPT"/>
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        <balance>150000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CSG Systems International Inc</name>
        <lei>549300D7FJZUOHHXUA81</lei>
        <title>CSG Systems International Inc</title>
        <cusip>126349109</cusip>
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          <ticker value="CSGS"/>
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        <valUSD>1957152.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>QCR Holdings Inc</name>
        <lei>549300MWKWM7KWJVQO33</lei>
        <title>QCR Holdings Inc</title>
        <cusip>74727A104</cusip>
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          <ticker value="QCRH"/>
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        <balance>43500.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Public Education Inc</name>
        <lei>254900GZNX6TJQGM4S17</lei>
        <title>American Public Education Inc</title>
        <cusip>02913V103</cusip>
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          <isin value="US02913V1035"/>
          <ticker value="APEI"/>
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        <curCd>USD</curCd>
        <valUSD>3611505.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sylvamo Corp</name>
        <lei>5493001AOYU1ZOWOC971</lei>
        <title>Sylvamo Corp</title>
        <cusip>871332102</cusip>
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          <isin value="US8713321029"/>
          <ticker value="SLVM"/>
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        <balance>42000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1857240.00000000</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>Academy Sports &amp; Outdoors Inc</name>
        <lei>N/A</lei>
        <title>Academy Sports &amp; Outdoors Inc</title>
        <cusip>00402L107</cusip>
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          <isin value="US00402L1070"/>
          <ticker value="ASO"/>
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        <balance>72097.00000000</balance>
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        <valUSD>3606291.94000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lovesac Co/The</name>
        <lei>N/A</lei>
        <title>Lovesac Co/The</title>
        <cusip>54738L109</cusip>
        <identifiers>
          <isin value="US54738L1098"/>
          <ticker value="LOVE"/>
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        <balance>61911.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1048153.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Digi International Inc</name>
        <lei>529900KG656HGROI4N27</lei>
        <title>Digi International Inc</title>
        <cusip>253798102</cusip>
        <identifiers>
          <isin value="US2537981027"/>
          <ticker value="DGII"/>
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        <balance>103200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3762672.00000000</valUSD>
        <pctVal>1.050768320020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cadence Bank</name>
        <lei>Q7C315HKI8VX0SSKBS64</lei>
        <title>Cadence Bank</title>
        <cusip>12740C103</cusip>
        <identifiers>
          <isin value="US12740C1036"/>
          <ticker value="CADE"/>
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        <balance>90033.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3379838.82000000</valUSD>
        <pctVal>0.943857864525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DNOW Inc</name>
        <lei>549300AVH5SOCFVVDW91</lei>
        <title>DNOW Inc</title>
        <cusip>67011P100</cusip>
        <identifiers>
          <isin value="US67011P1003"/>
          <ticker value="DNOW"/>
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        <balance>175749.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2680172.25000000</valUSD>
        <pctVal>0.748468134479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WSFS Financial Corp</name>
        <lei>549300SU7VQHD6QRG886</lei>
        <title>WSFS Financial Corp</title>
        <cusip>929328102</cusip>
        <identifiers>
          <isin value="US9293281021"/>
          <ticker value="WSFS"/>
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        <balance>75059.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4047931.87000000</valUSD>
        <pctVal>1.130430335303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bumble Inc</name>
        <lei>N/A</lei>
        <title>Bumble Inc</title>
        <cusip>12047B105</cusip>
        <identifiers>
          <isin value="US12047B1052"/>
          <ticker value="BMBL"/>
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        <balance>288000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1753920.00000000</valUSD>
        <pctVal>0.489801814202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Deluxe Corp</name>
        <lei>KWGNKB8TX9LE5TV29231</lei>
        <title>Deluxe Corp</title>
        <cusip>248019101</cusip>
        <identifiers>
          <isin value="US2480191012"/>
          <ticker value="DLX"/>
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        <balance>183500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3552560.00000000</valUSD>
        <pctVal>0.992092189532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ethan Allen Interiors Inc</name>
        <lei>N/A</lei>
        <title>Ethan Allen Interiors Inc</title>
        <cusip>297602104</cusip>
        <identifiers>
          <isin value="US2976021046"/>
          <ticker value="ETD"/>
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        <balance>97223.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2864189.58000000</valUSD>
        <pctVal>0.799857035956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>United Natural Foods Inc</name>
        <lei>549300GKGW6WPZ282D40</lei>
        <title>United Natural Foods Inc</title>
        <cusip>911163103</cusip>
        <identifiers>
          <isin value="US9111631035"/>
          <ticker value="UNFI"/>
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        <balance>37456.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1409094.72000000</valUSD>
        <pctVal>0.393505490694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Primoris Services Corp</name>
        <lei>549300UF3OLBJ8D5K349</lei>
        <title>Primoris Services Corp</title>
        <cusip>74164F103</cusip>
        <identifiers>
          <isin value="US74164F1030"/>
          <ticker value="PRIM"/>
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        <balance>20805.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2857150.65000000</valUSD>
        <pctVal>0.797891335876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BancFirst Corp</name>
        <lei>549300EJEHGBP4IO2J30</lei>
        <title>BancFirst Corp</title>
        <cusip>05945F103</cusip>
        <identifiers>
          <isin value="US05945F1030"/>
          <ticker value="BANF"/>
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        <balance>17000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2149650.00000000</valUSD>
        <pctVal>0.600313851202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2149650.00000000"/>
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      <invstOrSec>
        <name>AMC Networks Inc</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMC Networks Inc</title>
        <cusip>00164V103</cusip>
        <identifiers>
          <isin value="US00164V1035"/>
          <ticker value="AMCX"/>
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        <balance>144599.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1191495.76000000</valUSD>
        <pctVal>0.332738542728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>1st Source Corp</name>
        <lei>N/A</lei>
        <title>1st Source Corp</title>
        <cusip>336901103</cusip>
        <identifiers>
          <isin value="US3369011032"/>
          <ticker value="SRCE"/>
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        <balance>51000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3139560.00000000</valUSD>
        <pctVal>0.876757311507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Avista Corp</name>
        <lei>Q0IK63NITJD6RJ47SW96</lei>
        <title>Avista Corp</title>
        <cusip>05379B107</cusip>
        <identifiers>
          <isin value="US05379B1070"/>
          <ticker value="AVA"/>
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        <balance>38000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1436780.00000000</valUSD>
        <pctVal>0.401236915372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Angi Inc</name>
        <lei>5493003ENY577E6SZL06</lei>
        <title>Angi Inc</title>
        <cusip>00183L201</cusip>
        <identifiers>
          <isin value="US00183L2016"/>
          <ticker value="ANGI"/>
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        <balance>187385.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3046880.10000000</valUSD>
        <pctVal>0.850875410873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Amalgamated Financial Corp</name>
        <lei>N/A</lei>
        <title>Amalgamated Financial Corp</title>
        <cusip>022671101</cusip>
        <identifiers>
          <isin value="US0226711010"/>
          <ticker value="AMAL"/>
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        <balance>78000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2117700.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NetScout Systems Inc</name>
        <lei>5493005HZXZ3SPNVCV76</lei>
        <title>NetScout Systems Inc</title>
        <cusip>64115T104</cusip>
        <identifiers>
          <isin value="US64115T1043"/>
          <ticker value="NTCT"/>
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        <balance>154300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3985569.00000000</valUSD>
        <pctVal>1.113014805025</pctVal>
        <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>Coastal Financial Corp/WA</name>
        <lei>549300XG5L36T6IU0B47</lei>
        <title>Coastal Financial Corp/WA</title>
        <cusip>19046P209</cusip>
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          <isin value="US19046P2092"/>
          <ticker value="CCB"/>
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        <balance>25432.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2750979.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Atkore Inc</name>
        <lei>52990002TI38AM4RPV48</lei>
        <title>Atkore Inc</title>
        <cusip>047649108</cusip>
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          <isin value="US0476491081"/>
          <ticker value="ATKR"/>
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        <balance>39000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2446860.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TriCo Bancshares</name>
        <lei>N/A</lei>
        <title>TriCo Bancshares</title>
        <cusip>896095106</cusip>
        <identifiers>
          <isin value="US8960951064"/>
          <ticker value="TCBK"/>
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        <balance>36800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1634288.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sila Realty Trust Inc</name>
        <lei>549300HXH142HWKKSW59</lei>
        <title>Sila Realty Trust Inc</title>
        <cusip>146280508</cusip>
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          <isin value="US1462805086"/>
          <ticker value="SILA"/>
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        <balance>40000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1004000.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OFG Bancorp</name>
        <lei>549300Q4QEXJ37LEXQ06</lei>
        <title>OFG Bancorp</title>
        <cusip>67103X102</cusip>
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          <isin value="PR67103X1020"/>
          <ticker value="OFG"/>
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        <balance>53300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2318017.00000000</valUSD>
        <pctVal>0.647332222651</pctVal>
        <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>
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      <invstOrSec>
        <name>Franklin Covey Co</name>
        <lei>N/A</lei>
        <title>Franklin Covey Co</title>
        <cusip>353469109</cusip>
        <identifiers>
          <isin value="US3534691098"/>
          <ticker value="FC"/>
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        <balance>44000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>854040.00000000</valUSD>
        <pctVal>0.238500240262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cricut Inc</name>
        <lei>254900R3DKAJ28MC0Q39</lei>
        <title>Cricut Inc</title>
        <cusip>22658D100</cusip>
        <identifiers>
          <isin value="US22658D1000"/>
          <ticker value="CRCT"/>
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        <balance>220000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1383800.00000000</valUSD>
        <pctVal>0.386441656685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="105043.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>IBEX Holdings Ltd</name>
        <lei>5493000GRFLPVYU2CX17</lei>
        <title>IBEX Holdings Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="BMG4690M1010"/>
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          <other otherDesc="SEDOL" value="BLF81K2"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Essential Properties Realty Tr</name>
        <lei>2549009LXQLVYCGLZO50</lei>
        <title>Essential Properties Realty Trust Inc</title>
        <cusip>29670E107</cusip>
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          <isin value="US29670E1073"/>
          <ticker value="EPRT"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Universal Insurance Holdings I</name>
        <lei>529900GGAZ6WVUCWQM46</lei>
        <title>Universal Insurance Holdings Inc</title>
        <cusip>91359V107</cusip>
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          <isin value="US91359V1070"/>
          <ticker value="UVE"/>
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        <balance>58000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Byline Bancorp Inc</name>
        <lei>549300W7ODP4YL2H4823</lei>
        <title>Byline Bancorp Inc</title>
        <cusip>124411109</cusip>
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          <isin value="US1244111092"/>
          <ticker value="BY"/>
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        <balance>124700.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kennametal Inc</name>
        <lei>549300GZDSG25XUV0Y08</lei>
        <title>Kennametal Inc</title>
        <cusip>489170100</cusip>
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          <isin value="US4891701009"/>
          <ticker value="KMT"/>
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        <balance>100000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Matson Inc</name>
        <lei>549300OI5H3Y0I9I4I12</lei>
        <title>Matson Inc</title>
        <cusip>57686G105</cusip>
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          <isin value="US57686G1058"/>
          <ticker value="MATX"/>
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        <balance>33800.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Embecta Corp</name>
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        <title>Embecta Corp</title>
        <cusip>29082K105</cusip>
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          <isin value="US29082K1051"/>
          <ticker value="EMBC"/>
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        <balance>80000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Perdoceo Education Corp</name>
        <lei>529900X5PCA184O9LY90</lei>
        <title>Perdoceo Education Corp</title>
        <cusip>71363P106</cusip>
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          <isin value="US71363P1066"/>
          <ticker value="PRDO"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sally Beauty Holdings Inc</name>
        <lei>529900VXW6E8ONDIQ271</lei>
        <title>Sally Beauty Holdings Inc</title>
        <cusip>79546E104</cusip>
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          <isin value="US79546E1047"/>
          <ticker value="SBH"/>
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        <balance>237000.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Varex Imaging Corp</name>
        <lei>549300CWYWPVCT8E9W67</lei>
        <title>Varex Imaging Corp</title>
        <cusip>92214X106</cusip>
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          <isin value="US92214X1063"/>
          <ticker value="VREX"/>
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        <balance>73000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>World Acceptance Corp</name>
        <lei>N/A</lei>
        <title>World Acceptance Corp</title>
        <cusip>981419104</cusip>
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          <isin value="US9814191048"/>
          <ticker value="WRLD"/>
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        <balance>15400.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Axcelis Technologies Inc</name>
        <lei>529900HF9B6NL1QG9F05</lei>
        <title>Axcelis Technologies Inc</title>
        <cusip>054540208</cusip>
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          <isin value="US0545402085"/>
          <ticker value="ACLS"/>
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        <balance>27000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>8x8 Inc</name>
        <lei>254900XWSOC5U1BRW939</lei>
        <title>8x8 Inc</title>
        <cusip>282914100</cusip>
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          <isin value="US2829141009"/>
          <ticker value="EGHT"/>
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        <balance>75000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Artisan Partners Asset Managem</name>
        <lei>549300T1FUI6JF63XU51</lei>
        <title>Artisan Partners Asset Management Inc</title>
        <cusip>04316A108</cusip>
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          <ticker value="APAM"/>
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        <balance>55000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Stellar Bancorp Inc</name>
        <lei>54930070P8Z0WHFBB536</lei>
        <title>Stellar Bancorp Inc</title>
        <cusip>858927106</cusip>
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          <isin value="US8589271068"/>
          <ticker value="STEL"/>
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        <balance>93640.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Axle &amp; Manufacturing</name>
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        <title>American Axle &amp; Manufacturing Holdings Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Northwest Natural Holding Co</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bank of NT Butterfield &amp; Son L</name>
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        <invCountry>BM</invCountry>
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        <name>Horace Mann Educators Corp</name>
        <lei>254900G5YAV3A2YK8T32</lei>
        <title>Horace Mann Educators Corp</title>
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          <ticker value="HMN"/>
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        <name>Hancock Whitney Corp</name>
        <lei>549300GRNBWY8HIICT41</lei>
        <title>Hancock Whitney Corp</title>
        <cusip>410120109</cusip>
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          <ticker value="HWC"/>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Enova International Inc</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>Enova International Inc</title>
        <cusip>29357K103</cusip>
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        <invCountry>US</invCountry>
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        <name>International Bancshares Corp</name>
        <lei>549300Y16R531AU8TX77</lei>
        <title>International Bancshares Corp</title>
        <cusip>459044103</cusip>
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          <ticker value="IBOC"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Urban Outfitters Inc</name>
        <lei>549300N3DUFR5U6NRN38</lei>
        <title>Urban Outfitters Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Strattec Security Corp</name>
        <lei>549300Z394OP8S8TSR40</lei>
        <title>Strattec Security Corp</title>
        <cusip>863111100</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Cushman &amp; Wakefield PLC</name>
        <lei>N/A</lei>
        <title>Cushman &amp; Wakefield PLC</title>
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          <isin value="GB00BFZ4N465"/>
          <ticker value="CWK"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Amphastar Pharmaceuticals Inc</name>
        <lei>54930055TH0ZLSAQMJ38</lei>
        <title>Amphastar Pharmaceuticals Inc</title>
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          <isin value="US03209R1032"/>
          <ticker value="AMPH"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SkyWest Inc</name>
        <lei>529900UYS2KGS6Z42P09</lei>
        <title>SkyWest Inc</title>
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          <isin value="US8308791024"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Innoviva Inc</name>
        <lei>549300ACOX4QTBES6535</lei>
        <title>Innoviva Inc</title>
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          <isin value="US45781M1018"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chatham Lodging Trust</name>
        <lei>N/A</lei>
        <title>Chatham Lodging Trust</title>
        <cusip>16208T102</cusip>
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          <isin value="US16208T1025"/>
          <ticker value="CLDT"/>
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        <balance>152100.00000000</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>Sanmina Corp</name>
        <lei>X5K24XLM8QYRXF00EB42</lei>
        <title>Sanmina Corp</title>
        <cusip>801056102</cusip>
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          <isin value="US8010561020"/>
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        <balance>26000.00000000</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>Douglas Emmett Inc</name>
        <lei>N/A</lei>
        <title>Douglas Emmett Inc</title>
        <cusip>25960P109</cusip>
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          <isin value="US25960P1093"/>
          <ticker value="DEI"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Otter Tail Corp</name>
        <lei>N/A</lei>
        <title>Otter Tail Corp</title>
        <cusip>689648103</cusip>
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          <isin value="US6896481032"/>
          <ticker value="OTTR"/>
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        <balance>34800.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Consensus Cloud Solutions Inc</name>
        <lei>N/A</lei>
        <title>Consensus Cloud Solutions Inc</title>
        <cusip>20848V105</cusip>
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          <isin value="US20848V1052"/>
          <ticker value="CCSI"/>
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        <balance>91723.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Kohl's Corp</name>
        <lei>549300JF6LPRTRJ0FH50</lei>
        <title>Kohl's Corp</title>
        <cusip>500255104</cusip>
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          <isin value="US5002551043"/>
          <ticker value="KSS"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cal-Maine Foods Inc</name>
        <lei>549300NHE5WMIEIEMF53</lei>
        <title>Cal-Maine Foods Inc</title>
        <cusip>128030202</cusip>
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          <isin value="US1280302027"/>
          <ticker value="CALM"/>
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        <balance>22925.00000000</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>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ameris Bancorp</name>
        <lei>PBJHNT51T5V6G5UQFV42</lei>
        <title>Ameris Bancorp</title>
        <cusip>03076K108</cusip>
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          <isin value="US03076K1088"/>
          <ticker value="ABCB"/>
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        <balance>28000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2052680.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Assets Trust Inc</name>
        <lei>N/A</lei>
        <title>American Assets Trust Inc</title>
        <cusip>024013104</cusip>
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          <isin value="US0240131047"/>
          <ticker value="AAT"/>
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        <balance>87000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONE Gas Inc</name>
        <lei>549300HXDWI0LATTX840</lei>
        <title>ONE Gas Inc</title>
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          <ticker value="OGS"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Farmer Mac</name>
        <lei>549300MS654K78GYF580</lei>
        <title>Federal Agricultural Mortgage Corp</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Garrett Motion Inc</name>
        <lei>549300LS5WT7EMBNV724</lei>
        <title>Garrett Motion Inc</title>
        <cusip>366505105</cusip>
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          <ticker value="GTX"/>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Greenbrier Cos Inc/The</name>
        <lei>5493001GAGGFR30BP390</lei>
        <title>Greenbrier Cos Inc/The</title>
        <cusip>393657101</cusip>
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          <ticker value="GBX"/>
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      <invstOrSec>
        <name>Magnolia Oil &amp; Gas Corp</name>
        <lei>N/A</lei>
        <title>Magnolia Oil &amp; Gas Corp</title>
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      <invstOrSec>
        <name>First Financial Bancorp</name>
        <lei>549300D3F5B3EZMY7P77</lei>
        <title>First Financial Bancorp</title>
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      <invstOrSec>
        <name>Portland General Electric Co</name>
        <lei>GJOUP9M7C39GLSK9R870</lei>
        <title>Portland General Electric Co</title>
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        <name>Interface Inc</name>
        <lei>549300VXZWQOIDFPU355</lei>
        <title>Interface Inc</title>
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          <ticker value="TILE"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Atlanticus Holdings Corp</name>
        <lei>N/A</lei>
        <title>Atlanticus Holdings Corp</title>
        <cusip>04914Y102</cusip>
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          <isin value="US04914Y1029"/>
          <ticker value="ATLC"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Enterprise Financial Services</name>
        <lei>5493001XTU5DLD632129</lei>
        <title>Enterprise Financial Services Corp</title>
        <cusip>293712105</cusip>
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          <isin value="US2937121059"/>
          <ticker value="EFSC"/>
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        <balance>67000.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CONMED Corp</name>
        <lei>Z6C0YCECH9DCU5ZIQW84</lei>
        <title>CONMED Corp</title>
        <cusip>207410101</cusip>
        <identifiers>
          <isin value="US2074101013"/>
          <ticker value="CNMD"/>
        </identifiers>
        <balance>41000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1928230.00000000</valUSD>
        <pctVal>0.538479834998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PROG Holdings Inc</name>
        <lei>549300DHYTLBOVRXIG52</lei>
        <title>PROG Holdings Inc</title>
        <cusip>74319R101</cusip>
        <identifiers>
          <isin value="US74319R1014"/>
          <ticker value="PRG"/>
        </identifiers>
        <balance>95447.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3088664.92000000</valUSD>
        <pctVal>0.862544290093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NMI Holdings Inc</name>
        <lei>529900KNNGFXJX1C3Z08</lei>
        <title>NMI Holdings Inc</title>
        <cusip>629209305</cusip>
        <identifiers>
          <isin value="US6292093050"/>
          <ticker value="NMIH"/>
        </identifiers>
        <balance>45000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1725300.00000000</valUSD>
        <pctVal>0.481809358490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Essent Group Ltd</name>
        <lei>254900QUO860OUT6ZF83</lei>
        <title>Essent Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG3198U1027"/>
          <ticker value="ESNT"/>
          <other otherDesc="SEDOL" value="BFWGXR8"/>
        </identifiers>
        <balance>31000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1970360.00000000</valUSD>
        <pctVal>0.550245109601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Signet Jewelers Ltd</name>
        <lei>549300N3XPGE91WV7M22</lei>
        <title>Signet Jewelers Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG812761002"/>
          <ticker value="SIG"/>
          <other otherDesc="SEDOL" value="B3CTNK6"/>
        </identifiers>
        <balance>35000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3357200.00000000</valUSD>
        <pctVal>0.937535720353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Astec Industries Inc</name>
        <lei>5493002DO2QKHLKB2A48</lei>
        <title>Astec Industries Inc</title>
        <cusip>046224101</cusip>
        <identifiers>
          <isin value="US0462241011"/>
          <ticker value="ASTE"/>
        </identifiers>
        <balance>61446.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2957395.98000000</valUSD>
        <pctVal>0.825885967615</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-11-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Bridgeway Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>Deborah Hanna </ncom:signature>
      <ncom:signerName>Deborah Hanna </ncom:signerName>
      <ncom:title>Secretary, Treasurer and Chief Compliance Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
