<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
	<headerData>
		<submissionType>NPORT-P</submissionType>
		<isConfidential>false</isConfidential>
		<filerInfo>

			<filer>
				<issuerCredentials>
					<cik>0000916053</cik>
					<ccc>XXXXXXXX</ccc>
				</issuerCredentials>
			</filer>

			<seriesClassInfo>
				<seriesId>S000003671</seriesId>
				<classId>C000010242</classId>
				<classId>C000010243</classId>
				<classId>C000010244</classId>
				<classId>C000010245</classId>
				<classId>C000010246</classId>
				<classId>C000093672</classId>
				<classId>C000140368</classId>
			</seriesClassInfo>


		</filerInfo>
	</headerData>
	<formData>
		<genInfo>
			<regName>MASSMUTUAL SELECT FUNDS</regName>
			<regFileNumber>811-08274</regFileNumber>
			<regCik>0000916053</regCik>
			<regLei>PJVR01EN4PJWVNUIQ236</regLei>
			<regStreet1>100 BRIGHT MEADOW BLVD.</regStreet1>
			<regCity>ENFIELD</regCity>
			<regStateConditional regCountry="US" regState="US-CT"/>
			<regZipOrPostalCode>06082-1981</regZipOrPostalCode>
			<regPhone>8605621000</regPhone>
			<seriesName>MassMutual Select Small Company Value Fund</seriesName>
			<seriesId>S000003671</seriesId>
			<seriesLei>5493004WRTVMEPRE8R29</seriesLei>
			<repPdEnd>2020-09-30</repPdEnd>
			<repPdDate>2019-12-31</repPdDate>
			<isFinalFiling>N</isFinalFiling>
		</genInfo>
		<fundInfo>
			<totAssets>215755526.74</totAssets>
			<totLiabs>7170408.6</totLiabs>
			<netAssets>208585118.14</netAssets>
			<assetsAttrMiscSec>0</assetsAttrMiscSec>
			<assetsInvested>0</assetsInvested>
			<amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
			<amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
			<amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
			<amtPayOneYrOther>0</amtPayOneYrOther>
			<amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
			<amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp>
			<amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil>
			<amtPayAftOneYrOther>0</amtPayAftOneYrOther>
			<delayDeliv>0</delayDeliv>
			<standByCommit>0</standByCommit>
			<liquidPref>0</liquidPref>
			<cshNotRptdInCorD>0.15</cshNotRptdInCorD>
			<borrowers>
				<borrower aggrVal="572489.16" lei="AC28XWWI3WIBK2824319" name="BARCLAYS CAPITAL INC."/>
				<borrower aggrVal="169231.04" lei="549300HN4UKV1E2R3U73" name="BOFA SECURITIES, INC."/>
				<borrower aggrVal="537595.61" lei="1V8Y6QCX6YMJ2OELII46" name="CREDIT SUISSE SECURITIES (USA) LLC"/>
				<borrower aggrVal="324560.36" lei="FOR8UP27PHTHYVLBNG30" name="GOLDMAN SACHS &amp; CO. LLC"/>
				<borrower aggrVal="190297.77" lei="ZBUT11V806EZRVTWT807" name="JP MORGAN SECURITIES LLC"/>
				<borrower aggrVal="3668298.45" lei="9R7GPTSO7KV3UQJZQ078" name="MORGAN STANLEY &amp; CO. LLC."/>
				<borrower aggrVal="425800" lei="549300JRHF1MHHWUAW04" name="NATIONAL FINANCIAL SERVICES LLC"/>
				<borrower aggrVal="212969.19" lei="O2RNE8IBXP4R0TD8PU41" name="SOCIETE GENERALE SA"/>
			</borrowers>
			<aggregateCondition isNonCashCollateral="Y">
				<aggregateInfos>
					<aggregateInfo amt="4250710.04" collatrl="4583171.84">
						<invstCat>UST</invstCat>
					</aggregateInfo>
					<aggregateInfo amt="402506.35" collatrl="452190.66">
						<invstCat>AMBS</invstCat>
					</aggregateInfo>
				</aggregateInfos>
			</aggregateCondition>
			<returnInfo>
				<monthlyTotReturns>
					<monthlyTotReturn classId="C000010242" rtn1="2.99" rtn2="3.56" rtn3="0.93"/>
					<monthlyTotReturn classId="C000010243" rtn1="2.96" rtn2="3.63" rtn3="1"/>
					<monthlyTotReturn classId="C000010244" rtn1="2.94" rtn2="3.66" rtn3="0.89"/>
					<monthlyTotReturn classId="C000010245" rtn1="3.06" rtn2="3.63" rtn3="0.97"/>
					<monthlyTotReturn classId="C000010246" rtn1="3.1" rtn2="3.65" rtn3="0.87"/>
					<monthlyTotReturn classId="C000093672" rtn1="2.99" rtn2="3.65" rtn3="0.98"/>
					<monthlyTotReturn classId="C000140368" rtn1="3" rtn2="3.6" rtn3="0.94"/>
				</monthlyTotReturns>
				<monthlyReturnCats/>
				<othMon1 netRealizedGain="902104.49" netUnrealizedAppr="4997428.8"/>
				<othMon2 netRealizedGain="-211906.45" netUnrealizedAppr="7713875.08"/>
				<othMon3 netRealizedGain="-272679.57" netUnrealizedAppr="2188902.98"/>
			</returnInfo>
			<mon1Flow redemption="16096463.14" reinvestment="10274245.43" sales="1296437.74"/>
			<mon2Flow redemption="2569763.1" reinvestment="0" sales="1133584.65"/>
			<mon3Flow redemption="2191080.16" reinvestment="0" sales="1805454.04"/>
		</fundInfo>
		<invstOrSecs>
			<invstOrSec>
				<name>1ST SOURCE CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>336901103</cusip>
				<identifiers>
					<isin value="US3369011032"/>
					<ticker value="SRCE"/>
					<other otherDesc="SEDOL Number" value="2341848"/>
				</identifiers>
				<balance>25558</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1325949.04</valUSD>
				<pctVal>0.6356872685</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>A10 NETWORKS INC</name>
				<lei>549300UQD4IWUML81Q35</lei>
				<title>COMMON STOCK USD.00001</title>
				<cusip>002121101</cusip>
				<identifiers>
					<isin value="US0021211018"/>
					<ticker value="ATEN"/>
					<other otherDesc="SEDOL Number" value="BKQVBN6"/>
				</identifiers>
				<balance>198249</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1361970.63</valUSD>
				<pctVal>0.6529567604</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>AAR CORP</name>
				<lei>MP76T5YQX3YK5VVAQ802</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>000361105</cusip>
				<identifiers>
					<isin value="US0003611052"/>
					<ticker value="AIR"/>
					<other otherDesc="SEDOL Number" value="2001119"/>
				</identifiers>
				<balance>40029</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1805307.9</valUSD>
				<pctVal>0.8655017751</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>ACCEL ENTERTAINMENT INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>00436Q106</cusip>
				<identifiers>
					<isin value="US00436Q1067"/>
					<ticker value="ACEL"/>
					<other otherDesc="SEDOL Number" value="BK7FYL6"/>
				</identifiers>
				<balance>39279</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>490987.5</valUSD>
				<pctVal>0.235389516</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="479587.5"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>ADVANCED ENERGY INDUSTRIES</name>
				<lei>549300756XI3QLFT2U27</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>007973100</cusip>
				<identifiers>
					<isin value="US0079731008"/>
					<ticker value="AEIS"/>
					<other otherDesc="SEDOL Number" value="2049175"/>
				</identifiers>
				<balance>3313</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>235885.6</valUSD>
				<pctVal>0.1130884131</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>AMERIS BANCORP</name>
				<lei>PBJHNT51T5V6G5UQFV42</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>03076K108</cusip>
				<identifiers>
					<isin value="US03076K1088"/>
					<ticker value="ABCB"/>
					<other otherDesc="SEDOL Number" value="2038849"/>
				</identifiers>
				<balance>6370</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>270979.8</valUSD>
				<pctVal>0.1299132951</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>AMERISAFE INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>03071H100</cusip>
				<identifiers>
					<isin value="US03071H1005"/>
					<ticker value="AMSF"/>
					<other otherDesc="SEDOL Number" value="B0PPHS6"/>
				</identifiers>
				<balance>7720</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>509751.6</valUSD>
				<pctVal>0.2443854118</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>ARES MANAGEMENT CORP   A</name>
				<lei>529900JUV61FH7B8VW38</lei>
				<title>COMMON STOCK</title>
				<cusip>03990B101</cusip>
				<identifiers>
					<isin value="US03990B1017"/>
					<ticker value="ARES"/>
					<other otherDesc="SEDOL Number" value="BF14BT1"/>
				</identifiers>
				<balance>21045</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>751096.05</valUSD>
				<pctVal>0.36009091</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>ARMADA HOFFLER PROPERTIES IN</name>
				<lei>549300WQRSIV6XZT9313</lei>
				<title>REIT USD.01</title>
				<cusip>04208T108</cusip>
				<identifiers>
					<isin value="US04208T1088"/>
					<ticker value="AHH"/>
					<other otherDesc="SEDOL Number" value="B96FTB5"/>
				</identifiers>
				<balance>65415</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1200365.25</valUSD>
				<pctVal>0.575479814</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>ASSOCIATED BANC CORP</name>
				<lei>549300N3CIN473IW5094</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>045487105</cusip>
				<identifiers>
					<isin value="US0454871056"/>
					<ticker value="ASB"/>
					<other otherDesc="SEDOL Number" value="2055718"/>
				</identifiers>
				<balance>82339</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1814751.56</valUSD>
				<pctVal>0.8700292601</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>AVNET INC</name>
				<lei>XJI53DCPL7QABOWK4Z75</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>053807103</cusip>
				<identifiers>
					<isin value="US0538071038"/>
					<ticker value="AVT"/>
					<other otherDesc="SEDOL Number" value="2066505"/>
				</identifiers>
				<balance>12800</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>543232</valUSD>
				<pctVal>0.2604366049</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>AXIS CAPITAL HOLDINGS LTD</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0125</title>
				<cusip>G0692U109</cusip>
				<identifiers>
					<isin value="BMG0692U1099"/>
					<ticker value="AXS"/>
					<other otherDesc="SEDOL Number" value="2677606"/>
				</identifiers>
				<balance>24974</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1484454.56</valUSD>
				<pctVal>0.7116780781</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>BM</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>BANK OF MARIN BANCORP/CA</name>
				<lei>549300EGL1VV7LY0QU69</lei>
				<title>COMMON STOCK</title>
				<cusip>063425102</cusip>
				<identifiers>
					<isin value="US0634251021"/>
					<ticker value="BMRC"/>
					<other otherDesc="SEDOL Number" value="2647375"/>
				</identifiers>
				<balance>20496</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>923344.8</valUSD>
				<pctVal>0.442670507</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>BANK OZK</name>
				<lei>549300VYK2WBD7SST478</lei>
				<title>COMMON STOCK</title>
				<cusip>06417N103</cusip>
				<identifiers>
					<isin value="US06417N1037"/>
					<ticker value="OZK"/>
					<other otherDesc="SEDOL Number" value="BZ56Q65"/>
				</identifiers>
				<balance>1873</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>57135.87</valUSD>
				<pctVal>0.0273921124</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>BANKUNITED INC</name>
				<lei>96OVUWEW5D4YX6PFXD91</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>06652K103</cusip>
				<identifiers>
					<isin value="US06652K1034"/>
					<ticker value="BKU"/>
					<other otherDesc="SEDOL Number" value="B3NNTZ4"/>
				</identifiers>
				<balance>100428</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3671647.68</valUSD>
				<pctVal>1.7602634899</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>BELDEN INC</name>
				<lei>68BKYO1JC791TTJHUE82</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>077454106</cusip>
				<identifiers>
					<isin value="US0774541066"/>
					<ticker value="BDC"/>
					<other otherDesc="SEDOL Number" value="B01WL78"/>
				</identifiers>
				<balance>37678</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2072290</valUSD>
				<pctVal>0.9934984904</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>BLACK HILLS CORP</name>
				<lei>3MGELCRSTNSAMJ962671</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>092113109</cusip>
				<identifiers>
					<isin value="US0921131092"/>
					<ticker value="BKH"/>
					<other otherDesc="SEDOL Number" value="2101741"/>
				</identifiers>
				<balance>19621</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1541033.34</valUSD>
				<pctVal>0.7388031101</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>BLOOMIN  BRANDS INC</name>
				<lei>E1UJ2GO305B5FXGV7N04</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>094235108</cusip>
				<identifiers>
					<isin value="US0942351083"/>
					<ticker value="BLMN"/>
					<other otherDesc="SEDOL Number" value="B847RJ0"/>
				</identifiers>
				<balance>69577</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1535564.39</valUSD>
				<pctVal>0.7361811829</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>BMC STOCK HOLDINGS INC</name>
				<lei>549300GHSZDJ1FJEJG18</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>05591B109</cusip>
				<identifiers>
					<isin value="US05591B1098"/>
					<ticker value="BMCH"/>
					<other otherDesc="SEDOL Number" value="BYWKLM4"/>
				</identifiers>
				<balance>20689</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>593567.41</valUSD>
				<pctVal>0.2845684368</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>BRANDYWINE REALTY TRUST</name>
				<lei>5UZ46ZCYUFYYAC0DS831</lei>
				<title>REIT USD.01</title>
				<cusip>105368203</cusip>
				<identifiers>
					<isin value="US1053682035"/>
					<ticker value="BDN"/>
					<other otherDesc="SEDOL Number" value="2518954"/>
				</identifiers>
				<balance>62882</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>990391.5</valUSD>
				<pctVal>0.4748140753</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>BRINK S CO/THE</name>
				<lei>XFP140TFNOQMIVFTVQ13</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>109696104</cusip>
				<identifiers>
					<isin value="US1096961040"/>
					<ticker value="BCO"/>
					<other otherDesc="SEDOL Number" value="2691305"/>
				</identifiers>
				<balance>10177</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>922850.36</valUSD>
				<pctVal>0.4424334623</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>CACTUS INC   A</name>
				<lei>549300J3T8C9F8QFKV08</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>127203107</cusip>
				<identifiers>
					<isin value="US1272031071"/>
					<ticker value="WHD"/>
					<other otherDesc="SEDOL Number" value="BF1GM16"/>
				</identifiers>
				<balance>9459</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>324632.88</valUSD>
				<pctVal>0.1556356862</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>CALLAWAY GOLF COMPANY</name>
				<lei>5493005UB0KFRKBPCU72</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>131193104</cusip>
				<identifiers>
					<isin value="US1311931042"/>
					<ticker value="ELY"/>
					<other otherDesc="SEDOL Number" value="2173933"/>
				</identifiers>
				<balance>75413</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1598755.6</valUSD>
				<pctVal>0.7664763499</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>CALLON PETROLEUM CO</name>
				<lei>549300EFOWPEB0WLZW21</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>13123X102</cusip>
				<identifiers>
					<isin value="US13123X1028"/>
					<ticker value="CPE"/>
					<other otherDesc="SEDOL Number" value="2186072"/>
				</identifiers>
				<balance>45179</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>218214.57</valUSD>
				<pctVal>0.1046165575</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="212969.19"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>CAMPING WORLD HOLDINGS INC A</name>
				<lei>549300E828QQI7MWI432</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>13462K109</cusip>
				<identifiers>
					<isin value="US13462K1097"/>
					<ticker value="CWH"/>
					<other otherDesc="SEDOL Number" value="BDCBXH9"/>
				</identifiers>
				<balance>13042</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>192239.08</valUSD>
				<pctVal>0.0921633728</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>CARETRUST REIT INC</name>
				<lei>5493001NVXE2B9GPLU96</lei>
				<title>REIT USD.01</title>
				<cusip>14174T107</cusip>
				<identifiers>
					<isin value="US14174T1079"/>
					<ticker value="CTRE"/>
					<other otherDesc="SEDOL Number" value="BMP8TL6"/>
				</identifiers>
				<balance>12640</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>260763.2</valUSD>
				<pctVal>0.1250152467</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>CARPENTER TECHNOLOGY</name>
				<lei>DX6I6ZD3X5WNNCDJKP85</lei>
				<title>COMMON STOCK USD5.0</title>
				<cusip>144285103</cusip>
				<identifiers>
					<isin value="US1442851036"/>
					<ticker value="CRS"/>
					<other otherDesc="SEDOL Number" value="2177504"/>
				</identifiers>
				<balance>32608</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1623226.24</valUSD>
				<pctVal>0.7782080785</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>CARTER BANK + TRUST</name>
				<lei>549300SO0M022D8D8358</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>146102108</cusip>
				<identifiers>
					<isin value="US1461021081"/>
					<ticker value="CARE"/>
					<other otherDesc="SEDOL Number" value="B1T84X2"/>
				</identifiers>
				<balance>60338</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1431217.36</valUSD>
				<pctVal>0.6861550684</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>CASA SYSTEMS INC</name>
				<lei>549300PNQ0GUDHNZLG66</lei>
				<title>COMMON STOCK</title>
				<cusip>14713L102</cusip>
				<identifiers>
					<isin value="US14713L1026"/>
					<ticker value="CASA"/>
					<other otherDesc="SEDOL Number" value="BFB4889"/>
				</identifiers>
				<balance>196889</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>805276.01</valUSD>
				<pctVal>0.3860658983</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>CASS INFORMATION SYSTEMS INC</name>
				<lei>549300G7XPIPR7SJ2F38</lei>
				<title>COMMON STOCK USD.5</title>
				<cusip>14808P109</cusip>
				<identifiers>
					<isin value="US14808P1093"/>
					<ticker value="CASS"/>
					<other otherDesc="SEDOL Number" value="2086558"/>
				</identifiers>
				<balance>3338</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>192736.12</valUSD>
				<pctVal>0.092401664</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>CECO ENVIRONMENTAL CORP</name>
				<lei>5493002CZCTL4HGLIY91</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>125141101</cusip>
				<identifiers>
					<isin value="US1251411013"/>
					<ticker value="CECE"/>
					<other otherDesc="SEDOL Number" value="2011970"/>
				</identifiers>
				<balance>41258</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>316036.28</valUSD>
				<pctVal>0.1515142992</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>CENTENNIAL RESOURCE DEVELO A</name>
				<lei>529900NXUJPOKU7OJ511</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>15136A102</cusip>
				<identifiers>
					<isin value="US15136A1025"/>
					<ticker value="CDEV"/>
					<other otherDesc="SEDOL Number" value="BYM4Z79"/>
				</identifiers>
				<balance>21604</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>99810.48</valUSD>
				<pctVal>0.047851199</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>CHARAH SOLUTIONS INC</name>
				<lei>549300I6O29493834F54</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>15957P105</cusip>
				<identifiers>
					<isin value="US15957P1057"/>
					<ticker value="CHRA"/>
					<other otherDesc="SEDOL Number" value="BFML704"/>
				</identifiers>
				<balance>88276</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>215393.44</valUSD>
				<pctVal>0.1032640497</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>CITI TRENDS INC</name>
				<lei>529900D06Q0FPHV34S87</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>17306X102</cusip>
				<identifiers>
					<isin value="US17306X1028"/>
					<ticker value="CTRN"/>
					<other otherDesc="SEDOL Number" value="B06FLD8"/>
				</identifiers>
				<balance>63696</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1472651.52</valUSD>
				<pctVal>0.7060194577</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>CITY OFFICE REIT INC</name>
				<lei>5493003J7157VP25NL57</lei>
				<title>REIT USD.01</title>
				<cusip>178587101</cusip>
				<identifiers>
					<isin value="US1785871013"/>
					<ticker value="CIO"/>
					<other otherDesc="SEDOL Number" value="BL25F37"/>
				</identifiers>
				<balance>119230</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1611989.6</valUSD>
				<pctVal>0.772821002</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>COHERENT INC</name>
				<lei>549300RYOCKUMWACR010</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>192479103</cusip>
				<identifiers>
					<isin value="US1924791031"/>
					<ticker value="COHR"/>
					<other otherDesc="SEDOL Number" value="2208374"/>
				</identifiers>
				<balance>6370</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1059649.5</valUSD>
				<pctVal>0.5080177864</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>COLFAX CORP</name>
				<lei>635400OP2DYYYMOIYL17</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>194014106</cusip>
				<identifiers>
					<isin value="US1940141062"/>
					<ticker value="CFX"/>
					<other otherDesc="SEDOL Number" value="B2RB4W9"/>
				</identifiers>
				<balance>16465</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>598996.7</valUSD>
				<pctVal>0.2871713502</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>COMMVAULT SYSTEMS INC</name>
				<lei>65T5VRP62VXG39YFML83</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>204166102</cusip>
				<identifiers>
					<isin value="US2041661024"/>
					<ticker value="CVLT"/>
					<other otherDesc="SEDOL Number" value="B142B38"/>
				</identifiers>
				<balance>34198</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1526598.72</valUSD>
				<pctVal>0.7318828561</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>COMPASS DIVERSIFIED HOLDINGS</name>
				<lei>5299001SM1LBYANJRR58</lei>
				<title>MLP</title>
				<cusip>20451Q104</cusip>
				<identifiers>
					<isin value="US20451Q1040"/>
					<ticker value="CODI"/>
					<other otherDesc="SEDOL Number" value="B14TC70"/>
				</identifiers>
				<balance>71034</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1765905.24</valUSD>
				<pctVal>0.8466113286</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>COOPER STANDARD HOLDING</name>
				<lei>549300VVOH2RQP5YMB08</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>21676P103</cusip>
				<identifiers>
					<isin value="US21676P1030"/>
					<ticker value="CPS"/>
					<other otherDesc="SEDOL Number" value="B51JS17"/>
				</identifiers>
				<balance>22658</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>751339.28</valUSD>
				<pctVal>0.3602075195</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>COTT CORPORATION</name>
				<lei>5493005TMUI9D3MY9I37</lei>
				<title>COMMON STOCK</title>
				<cusip>22163N106</cusip>
				<identifiers>
					<isin value="CA22163N1069"/>
					<ticker value="COT"/>
					<other otherDesc="SEDOL Number" value="2228941"/>
				</identifiers>
				<balance>123617</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1691080.56</valUSD>
				<pctVal>0.8107388365</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>COUSINS PROPERTIES INC</name>
				<lei>5493007XPYD5EJABN062</lei>
				<title>REIT USD1.0</title>
				<cusip>222795502</cusip>
				<identifiers>
					<isin value="US2227955026"/>
					<ticker value="CUZ"/>
					<other otherDesc="SEDOL Number" value="BJP0MF6"/>
				</identifiers>
				<balance>62719</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2584022.8</valUSD>
				<pctVal>1.2388337303</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>COVENANT TRANSPORT GRP CL A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>22284P105</cusip>
				<identifiers>
					<isin value="US22284P1057"/>
					<ticker value="CVTI"/>
					<other otherDesc="SEDOL Number" value="2200853"/>
				</identifiers>
				<balance>38835</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>501942.38</valUSD>
				<pctVal>0.240641511</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>CRITEO SA SPON ADR</name>
				<lei>969500EELFB4RDMFHA76</lei>
				<title>ADR EUR.025</title>
				<cusip>226718104</cusip>
				<identifiers>
					<isin value="US2267181046"/>
					<ticker value="CRTO"/>
					<other otherDesc="SEDOL Number" value="BFPMB24"/>
				</identifiers>
				<balance>57441</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>995452.53</valUSD>
				<pctVal>0.4772404373</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>FR</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>CROSSFIRST BANKSHARES INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>22766M109</cusip>
				<identifiers>
					<isin value="US22766M1099"/>
					<ticker value="CFB"/>
					<other otherDesc="SEDOL Number" value="BK0XBX8"/>
				</identifiers>
				<balance>36293</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>523345.06</valUSD>
				<pctVal>0.2509023964</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>CYPRESS SEMICONDUCTOR CORP</name>
				<lei>549300T2071OM26ZSE13</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>232806109</cusip>
				<identifiers>
					<isin value="US2328061096"/>
					<ticker value="CY"/>
					<other otherDesc="SEDOL Number" value="2244549"/>
				</identifiers>
				<balance>15736</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>367120.88</valUSD>
				<pctVal>0.1760053082</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>DANA INC</name>
				<lei>KVWHW7YLZPFJM8QYNJ51</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>235825205</cusip>
				<identifiers>
					<isin value="US2358252052"/>
					<ticker value="DAN"/>
					<other otherDesc="SEDOL Number" value="B2PFJR3"/>
				</identifiers>
				<balance>96786</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1761505.2</valUSD>
				<pctVal>0.8445018589</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>DELUXE CORP</name>
				<lei>KWGNKB8TX9LE5TV29231</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>248019101</cusip>
				<identifiers>
					<isin value="US2480191012"/>
					<ticker value="DLX"/>
					<other otherDesc="SEDOL Number" value="2260363"/>
				</identifiers>
				<balance>12431</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>620555.52</valUSD>
				<pctVal>0.2975070923</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>DONNELLEY FINANCIAL SOLUTION</name>
				<lei>549300O1NPY4J56QCU04</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>25787G100</cusip>
				<identifiers>
					<isin value="US25787G1004"/>
					<ticker value="DFIN"/>
					<other otherDesc="SEDOL Number" value="BYND5T7"/>
				</identifiers>
				<balance>82818</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>867104.46</valUSD>
				<pctVal>0.4157077301</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>DRIL QUIP INC</name>
				<lei>5299007REICYIJNMW197</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>262037104</cusip>
				<identifiers>
					<isin value="US2620371045"/>
					<ticker value="DRQ"/>
					<other otherDesc="SEDOL Number" value="2116767"/>
				</identifiers>
				<balance>28953</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1358185.23</valUSD>
				<pctVal>0.6511419617</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>DXP ENTERPRISES INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>233377407</cusip>
				<identifiers>
					<isin value="US2333774071"/>
					<ticker value="DXPE"/>
					<other otherDesc="SEDOL Number" value="2276627"/>
				</identifiers>
				<balance>7174</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>285596.94</valUSD>
				<pctVal>0.1369210529</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>DYCOM INDUSTRIES INC</name>
				<lei>549300F56EKTHQI3WT60</lei>
				<title>COMMON STOCK USD.333</title>
				<cusip>267475101</cusip>
				<identifiers>
					<isin value="US2674751019"/>
					<ticker value="DY"/>
					<other otherDesc="SEDOL Number" value="2289841"/>
				</identifiers>
				<balance>10193</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>480599.95</valUSD>
				<pctVal>0.2304095107</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>EARTHSTONE ENERGY INC   A</name>
				<lei>54930081UTV7CK45XG14</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>27032D304</cusip>
				<identifiers>
					<isin value="US27032D3044"/>
					<ticker value="ESTE"/>
					<other otherDesc="SEDOL Number" value="BF191W9"/>
				</identifiers>
				<balance>29402</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>186114.66</valUSD>
				<pctVal>0.0892271997</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>EASTERLY GOVERNMENT PROPERTI</name>
				<lei>549300ERMCEFC6S8HL77</lei>
				<title>REIT USD.01</title>
				<cusip>27616P103</cusip>
				<identifiers>
					<isin value="US27616P1030"/>
					<ticker value="DEA"/>
					<other otherDesc="SEDOL Number" value="BVSS693"/>
				</identifiers>
				<balance>54023</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1281965.79</valUSD>
				<pctVal>0.6146007929</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>EL POLLO LOCO HOLDINGS INC</name>
				<lei>549300EZCBNF4G707K90</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>268603107</cusip>
				<identifiers>
					<isin value="US2686031079"/>
					<ticker value="LOCO"/>
					<other otherDesc="SEDOL Number" value="BP857F5"/>
				</identifiers>
				<balance>128024</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1938283.36</valUSD>
				<pctVal>0.9292529483</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="572049.76"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>EMPIRE STATE REALTY TRUST A</name>
				<lei>549300VOKY1DUEQSB456</lei>
				<title>REIT USD.01</title>
				<cusip>292104106</cusip>
				<identifiers>
					<isin value="US2921041065"/>
					<ticker value="ESRT"/>
					<other otherDesc="SEDOL Number" value="BF321D7"/>
				</identifiers>
				<balance>63413</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>885245.48</valUSD>
				<pctVal>0.4244049086</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>ENERSYS</name>
				<lei>7ZS3DE5PN30BYUJFWP05</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>29275Y102</cusip>
				<identifiers>
					<isin value="US29275Y1029"/>
					<ticker value="ENS"/>
					<other otherDesc="SEDOL Number" value="B020GQ5"/>
				</identifiers>
				<balance>21556</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1613035.48</valUSD>
				<pctVal>0.7733224184</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>ENPRO INDUSTRIES INC</name>
				<lei>549300Y5CFT2LKCFDN54</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>29355X107</cusip>
				<identifiers>
					<isin value="US29355X1072"/>
					<ticker value="NPO"/>
					<other otherDesc="SEDOL Number" value="2951292"/>
				</identifiers>
				<balance>10299</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>688797.12</valUSD>
				<pctVal>0.3302235203</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>ENTRAVISION COMMUNICATIONS A</name>
				<lei>549300SKHY2ALCLKV539</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>29382R107</cusip>
				<identifiers>
					<isin value="US29382R1077"/>
					<ticker value="EVC"/>
					<other otherDesc="SEDOL Number" value="2615112"/>
				</identifiers>
				<balance>216776</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>567953.12</valUSD>
				<pctVal>0.2722884188</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>COMMON STOCK USD.015</title>
				<cusip>G3198U102</cusip>
				<identifiers>
					<isin value="BMG3198U1027"/>
					<ticker value="ESNT"/>
					<other otherDesc="SEDOL Number" value="BFWGXR8"/>
				</identifiers>
				<balance>33558</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1744680.42</valUSD>
				<pctVal>0.8364357129</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>BM</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>EVERTEC INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>30040P103</cusip>
				<identifiers>
					<isin value="PR30040P1032"/>
					<ticker value="EVTC"/>
					<other otherDesc="SEDOL Number" value="B7KY3Z6"/>
				</identifiers>
				<balance>29195</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>993797.8</valUSD>
				<pctVal>0.4764471257</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>EXTREME NETWORKS INC</name>
				<lei>549300WRECW11X94UB57</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>30226D106</cusip>
				<identifiers>
					<isin value="US30226D1063"/>
					<ticker value="EXTR"/>
					<other otherDesc="SEDOL Number" value="2407052"/>
				</identifiers>
				<balance>131008</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>965528.96</valUSD>
				<pctVal>0.4628944618</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="10318"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>FERROGLOBE REP + WRNTY INS TRU</name>
				<lei>N/A</lei>
				<title>NON TRANSFERABLE BENE INT UNIT</title>
				<cusip>962CDS906</cusip>
				<identifiers>
					<other otherDesc="Additional identifier not available." value="N/A"/>
				</identifiers>
				<balance>49975</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>0</valUSD>
				<pctVal>0</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>3</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>FIRST AMERICAN FINANCIAL</name>
				<lei>549300B6VEZK3N0A1P55</lei>
				<title>COMMON STOCK USD.00001</title>
				<cusip>31847R102</cusip>
				<identifiers>
					<isin value="US31847R1023"/>
					<ticker value="FAF"/>
					<other otherDesc="SEDOL Number" value="B4NFPK4"/>
				</identifiers>
				<balance>17128</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>998904.96</valUSD>
				<pctVal>0.4788956033</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 HAWAIIAN INC</name>
				<lei>5493002DJSH46F5OLV06</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>32051X108</cusip>
				<identifiers>
					<isin value="US32051X1081"/>
					<ticker value="FHB"/>
					<other otherDesc="SEDOL Number" value="BDC6HG1"/>
				</identifiers>
				<balance>43745</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1262043.25</valUSD>
				<pctVal>0.6050495171</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>FOUNDATION BUILDING MATERIAL</name>
				<lei>549300ZVE6MONHB01I28</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>350392106</cusip>
				<identifiers>
					<isin value="US3503921062"/>
					<ticker value="FBM"/>
					<other otherDesc="SEDOL Number" value="BYXR306"/>
				</identifiers>
				<balance>13141</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>254278.35</valUSD>
				<pctVal>0.1219062761</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>FOUR CORNERS PROPERTY TRUST</name>
				<lei>549300SVTPZPBDVNER42</lei>
				<title>REIT USD.0001</title>
				<cusip>35086T109</cusip>
				<identifiers>
					<isin value="US35086T1097"/>
					<ticker value="FCPT"/>
					<other otherDesc="SEDOL Number" value="BZ16HK0"/>
				</identifiers>
				<balance>6984</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>196878.96</valUSD>
				<pctVal>0.0943878268</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>FRESH DEL MONTE PRODUCE INC</name>
				<lei>529900I72V9F0FEZR228</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>G36738105</cusip>
				<identifiers>
					<isin value="KYG367381053"/>
					<ticker value="FDP"/>
					<other otherDesc="SEDOL Number" value="2118707"/>
				</identifiers>
				<balance>44439</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1554476.22</valUSD>
				<pctVal>0.7452479035</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>GMS INC</name>
				<lei>52990057RENOQO4U0D72</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>36251C103</cusip>
				<identifiers>
					<isin value="US36251C1036"/>
					<ticker value="GMS"/>
					<other otherDesc="SEDOL Number" value="BYY9FS3"/>
				</identifiers>
				<balance>7083</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>191807.64</valUSD>
				<pctVal>0.0919565316</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>GRAHAM CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.1</title>
				<cusip>384556106</cusip>
				<identifiers>
					<isin value="US3845561063"/>
					<ticker value="GHM"/>
					<other otherDesc="SEDOL Number" value="2380904"/>
				</identifiers>
				<balance>9168</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>200595.84</valUSD>
				<pctVal>0.0961697756</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>GRAPHIC PACKAGING HOLDING CO</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>388689101</cusip>
				<identifiers>
					<isin value="US3886891015"/>
					<ticker value="GPK"/>
					<other otherDesc="SEDOL Number" value="B2Q8249"/>
				</identifiers>
				<balance>179759</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2992987.35</valUSD>
				<pctVal>1.4348997554</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>HAIN CELESTIAL GROUP INC</name>
				<lei>5493000S8QXWHLIXDP75</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>405217100</cusip>
				<identifiers>
					<isin value="US4052171000"/>
					<ticker value="HAIN"/>
					<other otherDesc="SEDOL Number" value="2492337"/>
				</identifiers>
				<balance>88446</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2295615.93</valUSD>
				<pctVal>1.1005655391</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="778546.18"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>HANOVER INSURANCE GROUP INC/</name>
				<lei>JJYR6MFKFF6CF8DBZ078</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>410867105</cusip>
				<identifiers>
					<isin value="US4108671052"/>
					<ticker value="THG"/>
					<other otherDesc="SEDOL Number" value="2020415"/>
				</identifiers>
				<balance>2551</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>348645.17</valUSD>
				<pctVal>0.1671476724</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>HARBORONE BANCORP INC</name>
				<lei>549300SCDGOYSCWQJR34</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>41165Y100</cusip>
				<identifiers>
					<isin value="US41165Y1001"/>
					<ticker value="HONE"/>
					<other otherDesc="SEDOL Number" value="BK1KX10"/>
				</identifiers>
				<balance>8849</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>97250.51</valUSD>
				<pctVal>0.0466238967</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>HAWAIIAN HOLDINGS INC</name>
				<lei>529900TQUS2JVPSSPP86</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>419879101</cusip>
				<identifiers>
					<isin value="US4198791018"/>
					<ticker value="HA"/>
					<other otherDesc="SEDOL Number" value="2408044"/>
				</identifiers>
				<balance>52252</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1530461.08</valUSD>
				<pctVal>0.733734551</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>HEALTHCARE SERVICES GROUP</name>
				<lei>529900GVZ1D2FBYMS719</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>421906108</cusip>
				<identifiers>
					<isin value="US4219061086"/>
					<ticker value="HCSG"/>
					<other otherDesc="SEDOL Number" value="2417619"/>
				</identifiers>
				<balance>19730</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>479833.6</valUSD>
				<pctVal>0.2300421067</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>HELIX ENERGY SOLUTIONS GROUP</name>
				<lei>416AP2JOUTCWEGSOZW41</lei>
				<title>COMMON STOCK</title>
				<cusip>42330P107</cusip>
				<identifiers>
					<isin value="US42330P1075"/>
					<ticker value="HLX"/>
					<other otherDesc="SEDOL Number" value="2037062"/>
				</identifiers>
				<balance>120692</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1162263.96</valUSD>
				<pctVal>0.5572132712</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>HERITAGE FINANCIAL CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>42722X106</cusip>
				<identifiers>
					<isin value="US42722X1063"/>
					<ticker value="HFWA"/>
					<other otherDesc="SEDOL Number" value="2619880"/>
				</identifiers>
				<balance>67962</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1923324.6</valUSD>
				<pctVal>0.9220814108</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>HIGHWOODS PROPERTIES INC</name>
				<lei>ZIIGTYKL9T0X3HLTDX53</lei>
				<title>REIT USD.01</title>
				<cusip>431284108</cusip>
				<identifiers>
					<isin value="US4312841087"/>
					<ticker value="HIW"/>
					<other otherDesc="SEDOL Number" value="2420640"/>
				</identifiers>
				<balance>5405</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>264358.55</valUSD>
				<pctVal>0.1267389315</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>HILLTOP HOLDINGS INC</name>
				<lei>54930010TA543US0PM65</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>432748101</cusip>
				<identifiers>
					<isin value="US4327481010"/>
					<ticker value="HTH"/>
					<other otherDesc="SEDOL Number" value="2365428"/>
				</identifiers>
				<balance>16469</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>410572.17</valUSD>
				<pctVal>0.1968367512</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>HOME BANCSHARES INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>436893200</cusip>
				<identifiers>
					<isin value="US4368932004"/>
					<ticker value="HOMB"/>
					<other otherDesc="SEDOL Number" value="B17MTL9"/>
				</identifiers>
				<balance>85907</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1688931.62</valUSD>
				<pctVal>0.8097085905</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>HOUGHTON MIFFLIN HARCOURT CO</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>44157R109</cusip>
				<identifiers>
					<isin value="US44157R1095"/>
					<ticker value="HMHC"/>
					<other otherDesc="SEDOL Number" value="BGCBBK9"/>
				</identifiers>
				<balance>174782</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1092387.5</valUSD>
				<pctVal>0.5237130576</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>HUB GROUP INC CL A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>443320106</cusip>
				<identifiers>
					<isin value="US4433201062"/>
					<ticker value="HUBG"/>
					<other otherDesc="SEDOL Number" value="2407632"/>
				</identifiers>
				<balance>27741</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1422835.89</valUSD>
				<pctVal>0.6821368191</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>HURCO COMPANIES INC</name>
				<lei>XSC5XDOTBYOBQPOG2O82</lei>
				<title>COMMON STOCK</title>
				<cusip>447324104</cusip>
				<identifiers>
					<isin value="US4473241044"/>
					<ticker value="HURC"/>
					<other otherDesc="SEDOL Number" value="2446367"/>
				</identifiers>
				<balance>8209</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>314897.24</valUSD>
				<pctVal>0.15096822</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>IBERIABANK CORP</name>
				<lei>WQ4U3ADCR5WID15LA317</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>450828108</cusip>
				<identifiers>
					<isin value="US4508281080"/>
					<ticker value="IBKC"/>
					<other otherDesc="SEDOL Number" value="2452450"/>
				</identifiers>
				<balance>29316</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2193716.28</valUSD>
				<pctVal>1.051712749</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>ICON PLC</name>
				<lei>6354008SRQGEMC4XFI67</lei>
				<title>COMMON STOCK EUR.06</title>
				<cusip>G4705A100</cusip>
				<identifiers>
					<isin value="IE0005711209"/>
					<ticker value="ICLR"/>
					<other otherDesc="SEDOL Number" value="B94G471"/>
				</identifiers>
				<balance>9559</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1646346.57</valUSD>
				<pctVal>0.7892924407</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>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>II VI INC</name>
				<lei>549300O5C25A0MMHHU33</lei>
				<title>COMMON STOCK</title>
				<cusip>902104108</cusip>
				<identifiers>
					<isin value="US9021041085"/>
					<ticker value="IIVI"/>
					<other otherDesc="SEDOL Number" value="2452698"/>
				</identifiers>
				<balance>19499</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>656531.33</valUSD>
				<pctVal>0.3147546363</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="649965.68"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>INDEPENDENCE REALTY TRUST IN</name>
				<lei>N/A</lei>
				<title>REIT USD.01</title>
				<cusip>45378A106</cusip>
				<identifiers>
					<isin value="US45378A1060"/>
					<ticker value="IRT"/>
					<other otherDesc="SEDOL Number" value="BCRYTK1"/>
				</identifiers>
				<balance>138530</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1950502.4</valUSD>
				<pctVal>0.9351110076</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>INDEPENDENT BANK GROUP INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>45384B106</cusip>
				<identifiers>
					<isin value="US45384B1061"/>
					<ticker value="IBTX"/>
					<other otherDesc="SEDOL Number" value="B9M9ZZ7"/>
				</identifiers>
				<balance>45192</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2505444.48</valUSD>
				<pctVal>1.201161666</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>INNERWORKINGS INC</name>
				<lei>5493006III7WGK4XQR43</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>45773Y105</cusip>
				<identifiers>
					<isin value="US45773Y1055"/>
					<ticker value="INWK"/>
					<other otherDesc="SEDOL Number" value="B17W6V8"/>
				</identifiers>
				<balance>86430</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>476229.3</valUSD>
				<pctVal>0.2283141311</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>INNOPHOS HOLDINGS INC</name>
				<lei>XQ0331QX53IRX25OY417</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>45774N108</cusip>
				<identifiers>
					<isin value="US45774N1081"/>
					<ticker value="IPHS"/>
					<other otherDesc="SEDOL Number" value="B1GHPN9"/>
				</identifiers>
				<balance>19149</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>612385.02</valUSD>
				<pctVal>0.2935899864</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>JAMES RIVER GROUP HOLDINGS L</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0002</title>
				<cusip>G5005R107</cusip>
				<identifiers>
					<isin value="BMG5005R1079"/>
					<ticker value="JRVR"/>
					<other otherDesc="SEDOL Number" value="BT8RWQ5"/>
				</identifiers>
				<balance>23351</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>962294.71</valUSD>
				<pctVal>0.4613438958</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>BM</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>KEMET CORP</name>
				<lei>529900G5ZS8VVA2TY376</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>488360207</cusip>
				<identifiers>
					<isin value="US4883602074"/>
					<ticker value="KEM"/>
					<other otherDesc="SEDOL Number" value="2487612"/>
				</identifiers>
				<balance>32600</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>881830</valUSD>
				<pctVal>0.4227674572</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>KEMPER CORP</name>
				<lei>549300FNI1JKTRY2PV09</lei>
				<title>COMMON STOCK USD.1</title>
				<cusip>488401100</cusip>
				<identifiers>
					<isin value="US4884011002"/>
					<ticker value="KMPR"/>
					<other otherDesc="SEDOL Number" value="B52KRV2"/>
				</identifiers>
				<balance>22144</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1716160</valUSD>
				<pctVal>0.8227624364</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>KENNAMETAL INC</name>
				<lei>549300GZDSG25XUV0Y08</lei>
				<title>COMMON STOCK USD1.25</title>
				<cusip>489170100</cusip>
				<identifiers>
					<isin value="US4891701009"/>
					<ticker value="KMT"/>
					<other otherDesc="SEDOL Number" value="2488121"/>
				</identifiers>
				<balance>44953</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1658316.17</valUSD>
				<pctVal>0.7950309134</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>KITE REALTY GROUP TRUST</name>
				<lei>N/A</lei>
				<title>REIT USD.01</title>
				<cusip>49803T300</cusip>
				<identifiers>
					<isin value="US49803T3005"/>
					<ticker value="KRG"/>
					<other otherDesc="SEDOL Number" value="BPBSZJ1"/>
				</identifiers>
				<balance>47876</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>935018.28</valUSD>
				<pctVal>0.4482670136</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>KNOLL INC</name>
				<lei>549300R7T7KP3H4DHH46</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>498904200</cusip>
				<identifiers>
					<isin value="US4989042001"/>
					<ticker value="KNL"/>
					<other otherDesc="SEDOL Number" value="B051B48"/>
				</identifiers>
				<balance>41569</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1050032.94</valUSD>
				<pctVal>0.5034074096</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>KORN FERRY</name>
				<lei>549300FOD20OM0GT5G40</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>500643200</cusip>
				<identifiers>
					<isin value="US5006432000"/>
					<ticker value="KFY"/>
					<other otherDesc="SEDOL Number" value="2386849"/>
				</identifiers>
				<balance>14672</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>622092.8</valUSD>
				<pctVal>0.298244096</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>KULICKE + SOFFA INDUSTRIES</name>
				<lei>529900H6BEIRBF429744</lei>
				<title>COMMON STOCK</title>
				<cusip>501242101</cusip>
				<identifiers>
					<isin value="US5012421013"/>
					<ticker value="KLIC"/>
					<other otherDesc="SEDOL Number" value="2498001"/>
				</identifiers>
				<balance>117515</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>3196408</valUSD>
				<pctVal>1.5324238031</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>LEXINGTON REALTY TRUST</name>
				<lei>549300S4MH2ICXDBFV43</lei>
				<title>REIT USD.0001</title>
				<cusip>529043101</cusip>
				<identifiers>
					<isin value="US5290431015"/>
					<ticker value="LXP"/>
					<other otherDesc="SEDOL Number" value="2139151"/>
				</identifiers>
				<balance>23745</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>252171.9</valUSD>
				<pctVal>0.1208964006</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>LIBERTY OILFIELD SERVICES  A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>53115L104</cusip>
				<identifiers>
					<isin value="US53115L1044"/>
					<ticker value="LBRT"/>
					<other otherDesc="SEDOL Number" value="BDCWFT8"/>
				</identifiers>
				<balance>6275</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>69778</valUSD>
				<pctVal>0.0334530098</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>LOGMEIN INC</name>
				<lei>549300D12V5KRBV00592</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>54142L109</cusip>
				<identifiers>
					<isin value="US54142L1098"/>
					<ticker value="LOGM"/>
					<other otherDesc="SEDOL Number" value="B600J15"/>
				</identifiers>
				<balance>14814</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1270152.36</valUSD>
				<pctVal>0.6089371914</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>MAGNACHIP SEMICONDUCT</name>
				<lei>529900P54J1ATLRBUV29</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>55933J203</cusip>
				<identifiers>
					<isin value="US55933J2033"/>
					<ticker value="MX"/>
					<other otherDesc="SEDOL Number" value="B3VBFJ6"/>
				</identifiers>
				<balance>114490</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1329228.9</valUSD>
				<pctVal>0.6372597009</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>MAGNOLIA OIL + GAS CORP   A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>559663109</cusip>
				<identifiers>
					<isin value="US5596631094"/>
					<ticker value="MGY"/>
					<other otherDesc="SEDOL Number" value="BF2GC59"/>
				</identifiers>
				<balance>41780</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>525592.4</valUSD>
				<pctVal>0.2519798175</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="520321.38"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>MALIBU BOATS INC   A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>56117J100</cusip>
				<identifiers>
					<isin value="US56117J1007"/>
					<ticker value="MBUU"/>
					<other otherDesc="SEDOL Number" value="BJ38KJ2"/>
				</identifiers>
				<balance>7404</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>303193.8</valUSD>
				<pctVal>0.1453573499</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>MARINEMAX INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>567908108</cusip>
				<identifiers>
					<isin value="US5679081084"/>
					<ticker value="HZO"/>
					<other otherDesc="SEDOL Number" value="2250353"/>
				</identifiers>
				<balance>19463</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>324837.47</valUSD>
				<pctVal>0.1557337709</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>MASONITE INTERNATIONAL CORP</name>
				<lei>549300H0H07ZFT4JYM32</lei>
				<title>COMMON STOCK</title>
				<cusip>575385109</cusip>
				<identifiers>
					<isin value="CA5753851099"/>
					<ticker value="DOOR"/>
					<other otherDesc="SEDOL Number" value="BCZM468"/>
				</identifiers>
				<balance>28952</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2090623.92</valUSD>
				<pctVal>1.0022881491</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>CA</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>MAXLINEAR INC</name>
				<lei>549300EMOI0SM2IY4F64</lei>
				<title>COMMON STOCK</title>
				<cusip>57776J100</cusip>
				<identifiers>
					<isin value="US57776J1007"/>
					<ticker value="MXL"/>
					<other otherDesc="SEDOL Number" value="B3RDWC8"/>
				</identifiers>
				<balance>65291</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1385475.02</valUSD>
				<pctVal>0.6642252488</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>MINERALS TECHNOLOGIES INC</name>
				<lei>549300D3I1QU67GP6403</lei>
				<title>COMMON STOCK USD.1</title>
				<cusip>603158106</cusip>
				<identifiers>
					<isin value="US6031581068"/>
					<ticker value="MTX"/>
					<other otherDesc="SEDOL Number" value="2595612"/>
				</identifiers>
				<balance>19497</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1123612.11</valUSD>
				<pctVal>0.5386827785</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>MOLINA HEALTHCARE INC</name>
				<lei>549300NQQCEQ46YHZ591</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>60855R100</cusip>
				<identifiers>
					<isin value="US60855R1005"/>
					<ticker value="MOH"/>
					<other otherDesc="SEDOL Number" value="2212706"/>
				</identifiers>
				<balance>11067</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1501681.23</valUSD>
				<pctVal>0.7199368984</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>MRC GLOBAL INC</name>
				<lei>529900TSBPOLCLI2L582</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>55345K103</cusip>
				<identifiers>
					<isin value="US55345K1034"/>
					<ticker value="MRC"/>
					<other otherDesc="SEDOL Number" value="B7M66F1"/>
				</identifiers>
				<balance>78594</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1072022.16</valUSD>
				<pctVal>0.5139494944</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>MSC INDUSTRIAL DIRECT CO A</name>
				<lei>0XVKH0LN6YGOWO2EGO17</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>553530106</cusip>
				<identifiers>
					<isin value="US5535301064"/>
					<ticker value="MSM"/>
					<other otherDesc="SEDOL Number" value="2567655"/>
				</identifiers>
				<balance>1223</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>95968.81</valUSD>
				<pctVal>0.0460094233</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>MUELLER WATER PRODUCTS INC A</name>
				<lei>549300F7ZU4P1F8V8L60</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>624758108</cusip>
				<identifiers>
					<isin value="US6247581084"/>
					<ticker value="MWA"/>
					<other otherDesc="SEDOL Number" value="B15RZR4"/>
				</identifiers>
				<balance>8021</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>96091.58</valUSD>
				<pctVal>0.0460682818</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>NATIONAL STORAGE AFFILIATES</name>
				<lei>N/A</lei>
				<title>REIT USD.01</title>
				<cusip>637870106</cusip>
				<identifiers>
					<isin value="US6378701063"/>
					<ticker value="NSA"/>
					<other otherDesc="SEDOL Number" value="BWWCK85"/>
				</identifiers>
				<balance>59604</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2003886.48</valUSD>
				<pctVal>0.9607044347</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>NATL HEALTH INVESTORS INC</name>
				<lei>549300ZPKZIG6DKDEC02</lei>
				<title>REIT USD.01</title>
				<cusip>63633D104</cusip>
				<identifiers>
					<isin value="US63633D1046"/>
					<ticker value="NHI"/>
					<other otherDesc="SEDOL Number" value="2626125"/>
				</identifiers>
				<balance>4826</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>393222.48</valUSD>
				<pctVal>0.1885189526</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>NCR CORPORATION</name>
				<lei>549300YKTY8JX1DV2R67</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>62886E108</cusip>
				<identifiers>
					<isin value="US62886E1082"/>
					<ticker value="NCR"/>
					<other otherDesc="SEDOL Number" value="2632650"/>
				</identifiers>
				<balance>62435</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2195214.6</valUSD>
				<pctVal>1.0524310745</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>NCS MULTISTAGE HOLDINGS INC</name>
				<lei>5493003WLG5T6MNJ7292</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>628877102</cusip>
				<identifiers>
					<isin value="US6288771024"/>
					<ticker value="NCSM"/>
					<other otherDesc="SEDOL Number" value="BYQJJM3"/>
				</identifiers>
				<balance>72038</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>151279.8</valUSD>
				<pctVal>0.0725266507</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>NEENAH INC</name>
				<lei>8SR38IKUT3O1F1I6VH65</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>640079109</cusip>
				<identifiers>
					<isin value="US6400791090"/>
					<ticker value="NP"/>
					<other otherDesc="SEDOL Number" value="B03W0P7"/>
				</identifiers>
				<balance>871</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>61344.53</valUSD>
				<pctVal>0.0294098306</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>NETSCOUT SYSTEMS INC</name>
				<lei>5493005HZXZ3SPNVCV76</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>64115T104</cusip>
				<identifiers>
					<isin value="US64115T1043"/>
					<ticker value="NTCT"/>
					<other otherDesc="SEDOL Number" value="2447285"/>
				</identifiers>
				<balance>62126</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1495372.82</valUSD>
				<pctVal>0.7169125167</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>NEXTIER OILFIELD SOLUTIONS I</name>
				<lei>529900L27H2D4QT0IT24</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>65290C105</cusip>
				<identifiers>
					<isin value="US65290C1053"/>
					<ticker value="NEX"/>
					<other otherDesc="SEDOL Number" value="BKLRLX9"/>
				</identifiers>
				<balance>14016</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>93907.2</valUSD>
				<pctVal>0.045021045</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>NOMAD FOODS LTD</name>
				<lei>5493000ZZ1837DS2SI43</lei>
				<title>COMMON STOCK</title>
				<cusip>G6564A105</cusip>
				<identifiers>
					<isin value="VGG6564A1057"/>
					<ticker value="NOMD"/>
					<other otherDesc="SEDOL Number" value="BQFJGK5"/>
				</identifiers>
				<balance>105578</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2361779.86</valUSD>
				<pctVal>1.1322858894</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>VG</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>OIL STATES INTERNATIONAL INC</name>
				<lei>5493004TF4KQJGMYL777</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>678026105</cusip>
				<identifiers>
					<isin value="US6780261052"/>
					<ticker value="OIS"/>
					<other otherDesc="SEDOL Number" value="2724472"/>
				</identifiers>
				<balance>73837</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1204281.47</valUSD>
				<pctVal>0.5773573305</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>ONTO INNOVATION INC</name>
				<lei>549300V1USTYXJ7TNR79</lei>
				<title>COMMON STOCK</title>
				<cusip>683344105</cusip>
				<identifiers>
					<isin value="US6833441057"/>
					<ticker value="ONTO"/>
					<other otherDesc="SEDOL Number" value="BKZ7N95"/>
				</identifiers>
				<balance>13190</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>481962.6</valUSD>
				<pctVal>0.2310627931</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>OPUS BANK</name>
				<lei>5493002PJJERLWZ9O392</lei>
				<title>COMMON STOCK</title>
				<cusip>684000102</cusip>
				<identifiers>
					<isin value="US6840001027"/>
					<ticker value="OPB"/>
					<other otherDesc="SEDOL Number" value="BLNMST4"/>
				</identifiers>
				<balance>48010</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1242018.7</valUSD>
				<pctVal>0.5954493355</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>ORIGIN BANCORP INC</name>
				<lei>54930055DO2Z4KO3NB45</lei>
				<title>COMMON STOCK</title>
				<cusip>68621T102</cusip>
				<identifiers>
					<isin value="US68621T1025"/>
					<ticker value="OBNK"/>
					<other otherDesc="SEDOL Number" value="BDFFBM9"/>
				</identifiers>
				<balance>21815</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>825479.6</valUSD>
				<pctVal>0.3957519153</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>ORION ENGINEERED CARBONS SA</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>L72967109</cusip>
				<identifiers>
					<isin value="LU1092234845"/>
					<ticker value="OEC"/>
					<other otherDesc="SEDOL Number" value="BP8FKJ0"/>
				</identifiers>
				<balance>89428</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1725960.4</valUSD>
				<pctVal>0.8274609499</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>LU</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>PACIFIC PREMIER BANCORP INC</name>
				<lei>549300Q1KIC3KLI0XG98</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>69478X105</cusip>
				<identifiers>
					<isin value="US69478X1054"/>
					<ticker value="PPBI"/>
					<other otherDesc="SEDOL Number" value="2767217"/>
				</identifiers>
				<balance>16602</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>541308.21</valUSD>
				<pctVal>0.2595143004</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>PAPA JOHN S INTL INC</name>
				<lei>HZYLD3DK5XOX0WBVNB56</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>698813102</cusip>
				<identifiers>
					<isin value="US6988131024"/>
					<ticker value="PZZA"/>
					<other otherDesc="SEDOL Number" value="2696117"/>
				</identifiers>
				<balance>30903</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1951524.45</valUSD>
				<pctVal>0.9356009994</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="305330.25"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>PARSLEY ENERGY INC CLASS A</name>
				<lei>549300DMRA8DSL66G562</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>701877102</cusip>
				<identifiers>
					<isin value="US7018771029"/>
					<ticker value="PE"/>
					<other otherDesc="SEDOL Number" value="BMMV736"/>
				</identifiers>
				<balance>14478</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>273778.98</valUSD>
				<pctVal>0.1312552796</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>PATTERSON COS INC</name>
				<lei>YM48Q2087CUE26GWEK09</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>703395103</cusip>
				<identifiers>
					<isin value="US7033951036"/>
					<ticker value="PDCO"/>
					<other otherDesc="SEDOL Number" value="2672689"/>
				</identifiers>
				<balance>26422</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>541122.56</valUSD>
				<pctVal>0.2594252959</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="510832.64"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>PATTERSON UTI ENERGY INC</name>
				<lei>254900XGFBKIXD6G0697</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>703481101</cusip>
				<identifiers>
					<isin value="US7034811015"/>
					<ticker value="PTEN"/>
					<other otherDesc="SEDOL Number" value="2672537"/>
				</identifiers>
				<balance>79284</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>832482</valUSD>
				<pctVal>0.39910901</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>PENSKE AUTOMOTIVE GROUP INC</name>
				<lei>549300W7UTQ0M4C7LB15</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>70959W103</cusip>
				<identifiers>
					<isin value="US70959W1036"/>
					<ticker value="PAG"/>
					<other otherDesc="SEDOL Number" value="2943523"/>
				</identifiers>
				<balance>19305</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>969497.1</valUSD>
				<pctVal>0.4647968698</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>PHYSICIANS REALTY TRUST</name>
				<lei>549300ITOVH0OY7PZC34</lei>
				<title>REIT USD.01</title>
				<cusip>71943U104</cusip>
				<identifiers>
					<isin value="US71943U1043"/>
					<ticker value="DOC"/>
					<other otherDesc="SEDOL Number" value="BC9S149"/>
				</identifiers>
				<balance>29145</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>552006.3</valUSD>
				<pctVal>0.264643185</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>PNM RESOURCES INC</name>
				<lei>5493003JOBJGLZSDDQ28</lei>
				<title>COMMON STOCK</title>
				<cusip>69349H107</cusip>
				<identifiers>
					<isin value="US69349H1077"/>
					<ticker value="PNM"/>
					<other otherDesc="SEDOL Number" value="2707826"/>
				</identifiers>
				<balance>33408</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1694119.68</valUSD>
				<pctVal>0.8121958532</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>PREMIER INC CLASS A</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>74051N102</cusip>
				<identifiers>
					<isin value="US74051N1028"/>
					<ticker value="PINC"/>
					<other otherDesc="SEDOL Number" value="BDZDRC5"/>
				</identifiers>
				<balance>23456</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>888513.28</valUSD>
				<pctVal>0.4259715592</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>PRIMORIS SERVICES CORP</name>
				<lei>549300UF3OLBJ8D5K349</lei>
				<title>COMMON STOCK USD.0001</title>
				<cusip>74164F103</cusip>
				<identifiers>
					<isin value="US74164F1030"/>
					<ticker value="PRIM"/>
					<other otherDesc="SEDOL Number" value="B1GC200"/>
				</identifiers>
				<balance>65892</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1465438.08</valUSD>
				<pctVal>0.7025611861</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>PROASSURANCE CORP</name>
				<lei>54930015E5J57R675E89</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>74267C106</cusip>
				<identifiers>
					<isin value="US74267C1062"/>
					<ticker value="PRA"/>
					<other otherDesc="SEDOL Number" value="2612737"/>
				</identifiers>
				<balance>42474</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1535010.36</valUSD>
				<pctVal>0.7359155695</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>PROSIGHT GLOBAL INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>74349J103</cusip>
				<identifiers>
					<isin value="US74349J1034"/>
					<ticker value="PROS"/>
					<other otherDesc="SEDOL Number" value="BJTZQ88"/>
				</identifiers>
				<balance>17784</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>286855.92</valUSD>
				<pctVal>0.1375246339</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>PROSPERITY BANCSHARES INC</name>
				<lei>549300D003QRZFSQ4N43</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>743606105</cusip>
				<identifiers>
					<isin value="US7436061052"/>
					<ticker value="PB"/>
					<other otherDesc="SEDOL Number" value="2310257"/>
				</identifiers>
				<balance>4809</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>345719.01</valUSD>
				<pctVal>0.1657448111</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>PROVIDENCE SERVICE CORP</name>
				<lei>549300EFZIFW7F7I0Q28</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>743815102</cusip>
				<identifiers>
					<isin value="US7438151026"/>
					<ticker value="PRSC"/>
					<other otherDesc="SEDOL Number" value="2918576"/>
				</identifiers>
				<balance>17589</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1040917.02</valUSD>
				<pctVal>0.4990370499</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>QEP RESOURCES INC</name>
				<lei>Q6JQDZPXKEDQKVK58165</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>74733V100</cusip>
				<identifiers>
					<isin value="US74733V1008"/>
					<ticker value="QEP"/>
					<other otherDesc="SEDOL Number" value="B60X657"/>
				</identifiers>
				<balance>119069</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>535810.5</valUSD>
				<pctVal>0.256878585</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>RED ROBIN GOURMET BURGERS</name>
				<lei>529900V6NUMBYX34LV46</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>75689M101</cusip>
				<identifiers>
					<isin value="US75689M1018"/>
					<ticker value="RRGB"/>
					<other otherDesc="SEDOL Number" value="2966144"/>
				</identifiers>
				<balance>30260</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>999185.2</valUSD>
				<pctVal>0.4790299562</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="350441.26"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>REGAL BELOIT CORP</name>
				<lei>QH78R09VCJGQKPBPYU33</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>758750103</cusip>
				<identifiers>
					<isin value="US7587501039"/>
					<ticker value="RBC"/>
					<other otherDesc="SEDOL Number" value="2730082"/>
				</identifiers>
				<balance>14410</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1233640.1</valUSD>
				<pctVal>0.5914324622</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>REGIS CORP</name>
				<lei>5493000Q1S5TJIDIQH89</lei>
				<title>COMMON STOCK USD.05</title>
				<cusip>758932107</cusip>
				<identifiers>
					<isin value="US7589321071"/>
					<ticker value="RGS"/>
					<other otherDesc="SEDOL Number" value="2730327"/>
				</identifiers>
				<balance>99882</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1784891.34</valUSD>
				<pctVal>0.8557136559</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>RENAISSANCERE HOLDINGS LTD</name>
				<lei>EK6GB9U3U58PDI411C94</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>G7496G103</cusip>
				<identifiers>
					<isin value="BMG7496G1033"/>
					<ticker value="RNR"/>
					<other otherDesc="SEDOL Number" value="2728429"/>
				</identifiers>
				<balance>2057</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>403213.14</valUSD>
				<pctVal>0.1933086807</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>BM</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>Repurchase Agreement</name>
				<lei>549300H47WTHXPU08X20</lei>
				<title>FIXED INC CLEARING CORP.REPO</title>
				<cusip>85748R009</cusip>
				<identifiers>
					<isin value="US85748R0096"/>
				</identifiers>
				<balance>2639922.82</balance>
				<units>PA</units>
				<curCd>USD</curCd>
				<valUSD>2639922.82</valUSD>
				<pctVal>1.2656333508</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>RA</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<repurchaseAgrmt>
					<transCat>Repurchase</transCat>
					<notClearedCentCparty isCleared="N">
						<counterpartyInfos>
							<counterpartyInfo lei="549300H47WTHXPU08X20" name="Fixed Income Clearing Corp."/>
						</counterpartyInfos>
					</notClearedCentCparty>
					<isTriParty>N</isTriParty>
					<repurchaseRt>0.8</repurchaseRt>
					<maturityDt>2020-01-02</maturityDt>
					<repurchaseCollaterals>
						<repurchaseCollateral>
							<principalAmt>2625000</principalAmt>
							<principalCd>USD</principalCd>
							<collateralVal>2699403</collateralVal>
							<collateralCd>USD</collateralCd>
							<invstCat>UST</invstCat>
						</repurchaseCollateral>
					</repurchaseCollaterals>
				</repurchaseAgrmt>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>REV GROUP INC</name>
				<lei>549300SRD0SIG5ZZ3X20</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>749527107</cusip>
				<identifiers>
					<isin value="US7495271071"/>
					<ticker value="REVG"/>
					<other otherDesc="SEDOL Number" value="BDRW1P1"/>
				</identifiers>
				<balance>102118</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1248903.14</valUSD>
				<pctVal>0.5987498778</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>RLJ LODGING TRUST</name>
				<lei>549300RX5I8Z6I6LDZ74</lei>
				<title>REIT</title>
				<cusip>74965L101</cusip>
				<identifiers>
					<isin value="US74965L1017"/>
					<ticker value="RLJ"/>
					<other otherDesc="SEDOL Number" value="B3PY1N7"/>
				</identifiers>
				<balance>94282</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1670677.04</valUSD>
				<pctVal>0.800956969</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>RPC INC</name>
				<lei>549300ZDXAFBC3SB4918</lei>
				<title>COMMON STOCK USD.1</title>
				<cusip>749660106</cusip>
				<identifiers>
					<isin value="US7496601060"/>
					<ticker value="RES"/>
					<other otherDesc="SEDOL Number" value="2719456"/>
				</identifiers>
				<balance>96563</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>505990.12</valUSD>
				<pctVal>0.2425820809</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="500928.28"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SABRA HEALTH CARE REIT INC</name>
				<lei>549300E3BC7GU7TAZ621</lei>
				<title>REIT USD.01</title>
				<cusip>78573L106</cusip>
				<identifiers>
					<isin value="US78573L1061"/>
					<ticker value="SBRA"/>
					<other otherDesc="SEDOL Number" value="B5NLBP6"/>
				</identifiers>
				<balance>13900</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>296626</valUSD>
				<pctVal>0.1422086114</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>SANDY SPRING BANCORP INC</name>
				<lei>549300NQA30MEKPQP417</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>800363103</cusip>
				<identifiers>
					<isin value="US8003631038"/>
					<ticker value="SASR"/>
					<other otherDesc="SEDOL Number" value="2148254"/>
				</identifiers>
				<balance>48499</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1837142.12</valUSD>
				<pctVal>0.8807637555</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>SAPIENS INTERNATIONAL CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK EUR.01</title>
				<cusip>G7T16G103</cusip>
				<identifiers>
					<isin value="KYG7T16G1039"/>
					<ticker value="SPNS"/>
					<other otherDesc="SEDOL Number" value="BFYZGX0"/>
				</identifiers>
				<balance>6197</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>142531</valUSD>
				<pctVal>0.0683322958</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SELECTIVE INSURANCE GROUP</name>
				<lei>549300R3WGJWLE40R258</lei>
				<title>COMMON STOCK USD2.0</title>
				<cusip>816300107</cusip>
				<identifiers>
					<isin value="US8163001071"/>
					<ticker value="SIGI"/>
					<other otherDesc="SEDOL Number" value="2766173"/>
				</identifiers>
				<balance>20432</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1331962.08</valUSD>
				<pctVal>0.6385700437</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>SIGNATURE BANK</name>
				<lei>VLP5AP0XK2GM6GKD1007</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>82669G104</cusip>
				<identifiers>
					<isin value="US82669G1040"/>
					<ticker value="SBNY"/>
					<other otherDesc="SEDOL Number" value="B00JQL9"/>
				</identifiers>
				<balance>9294</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1269653.34</valUSD>
				<pctVal>0.6086979509</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>COMMON STOCK USD.18</title>
				<cusip>G81276100</cusip>
				<identifiers>
					<isin value="BMG812761002"/>
					<ticker value="SIG"/>
					<other otherDesc="SEDOL Number" value="B3CTNK6"/>
				</identifiers>
				<balance>44372</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>964647.28</valUSD>
				<pctVal>0.4624717663</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>BM</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<loanByFundCondition isLoanByFund="Y" loanVal="954994.72"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SILGAN HOLDINGS INC</name>
				<lei>KAF673KJXD92C8KSLU49</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>827048109</cusip>
				<identifiers>
					<isin value="US8270481091"/>
					<ticker value="SLGN"/>
					<other otherDesc="SEDOL Number" value="2809324"/>
				</identifiers>
				<balance>34538</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1073441.04</valUSD>
				<pctVal>0.5146297346</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>SKECHERS USA INC CL A</name>
				<lei>529900D2R54KZPA4XR56</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>830566105</cusip>
				<identifiers>
					<isin value="US8305661055"/>
					<ticker value="SKX"/>
					<other otherDesc="SEDOL Number" value="2428042"/>
				</identifiers>
				<balance>26724</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1154209.56</valUSD>
				<pctVal>0.553351826</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>SKYWEST INC</name>
				<lei>529900UYS2KGS6Z42P09</lei>
				<title>COMMON STOCK</title>
				<cusip>830879102</cusip>
				<identifiers>
					<isin value="US8308791024"/>
					<ticker value="SKYW"/>
					<other otherDesc="SEDOL Number" value="2814210"/>
				</identifiers>
				<balance>22880</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1478734.4</valUSD>
				<pctVal>0.7089357156</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>SOUTH STATE CORP</name>
				<lei>549300JZUANXM0YQ4W53</lei>
				<title>COMMON STOCK USD2.5</title>
				<cusip>840441109</cusip>
				<identifiers>
					<isin value="US8404411097"/>
					<ticker value="SSB"/>
					<other otherDesc="SEDOL Number" value="BNFX071"/>
				</identifiers>
				<balance>2093</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>181567.75</valUSD>
				<pctVal>0.0870473175</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>SPARTAN MOTORS INC</name>
				<lei>549300YY0TB51BGRV994</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>846819100</cusip>
				<identifiers>
					<isin value="US8468191007"/>
					<ticker value="SPAR"/>
					<other otherDesc="SEDOL Number" value="2832535"/>
				</identifiers>
				<balance>9388</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>169735.04</valUSD>
				<pctVal>0.0813744727</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>SPECTRUM BRANDS HOLDINGS INC</name>
				<lei>549300JM0MJETDD30O20</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>84790A105</cusip>
				<identifiers>
					<isin value="US84790A1051"/>
					<ticker value="SPB"/>
					<other otherDesc="SEDOL Number" value="BDRYFB1"/>
				</identifiers>
				<balance>21434</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1377991.86</valUSD>
				<pctVal>0.6606376679</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>STAG INDUSTRIAL INC</name>
				<lei>549300QWYX2W6FASVQ07</lei>
				<title>REIT USD.01</title>
				<cusip>85254J102</cusip>
				<identifiers>
					<isin value="US85254J1025"/>
					<ticker value="STAG"/>
					<other otherDesc="SEDOL Number" value="B64BRQ5"/>
				</identifiers>
				<balance>70458</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2224359.06</valUSD>
				<pctVal>1.0664035286</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>STATE AUTO FINANCIAL CORP</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>855707105</cusip>
				<identifiers>
					<isin value="US8557071052"/>
					<ticker value="STFC"/>
					<other otherDesc="SEDOL Number" value="2841898"/>
				</identifiers>
				<balance>25980</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>805899.6</valUSD>
				<pctVal>0.3863648602</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>State Street Navigator Securities Lending Trust</name>
				<lei>5493005HD34MZLK62085</lei>
				<title>Prime Portfolio</title>
				<cusip>638995910</cusip>
				<identifiers>
					<isin value="US6389959106"/>
				</identifiers>
				<balance>1173073.5</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1173073.5</valUSD>
				<pctVal>0.5623955872</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>STIV</assetCat>
				<issuerCat>RF</issuerCat>
				<invCountry>US</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<cashCollateralCondition cashCollateralVal="1173073.5" isCashCollateral="Y"/>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>STERLING BANCORP/DE</name>
				<lei>549300LQK6SKH5ZXO648</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>85917A100</cusip>
				<identifiers>
					<isin value="US85917A1007"/>
					<ticker value="STL"/>
					<other otherDesc="SEDOL Number" value="BFNXVB8"/>
				</identifiers>
				<balance>79306</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1671770.48</valUSD>
				<pctVal>0.8014811866</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>SUMMIT HOTEL PROPERTIES INC</name>
				<lei>N/A</lei>
				<title>REIT</title>
				<cusip>866082100</cusip>
				<identifiers>
					<isin value="US8660821005"/>
					<ticker value="INN"/>
					<other otherDesc="SEDOL Number" value="B3M7R64"/>
				</identifiers>
				<balance>31234</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>385427.56</valUSD>
				<pctVal>0.1847819075</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="254956.74"/>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>SYNOVUS FINANCIAL CORP</name>
				<lei>549300EIUS8UN5JTLE54</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>87161C501</cusip>
				<identifiers>
					<isin value="US87161C5013"/>
					<ticker value="SNV"/>
					<other otherDesc="SEDOL Number" value="BMH4NJ8"/>
				</identifiers>
				<balance>47487</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1861490.4</valUSD>
				<pctVal>0.8924368222</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>TAYLOR MORRISON HOME CORP</name>
				<lei>5299009UDLLGLKOOJE30</lei>
				<title>COMMON STOCK USD.00001</title>
				<cusip>87724P106</cusip>
				<identifiers>
					<isin value="US87724P1066"/>
					<ticker value="TMHC"/>
					<other otherDesc="SEDOL Number" value="B832462"/>
				</identifiers>
				<balance>85769</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1874910.34</valUSD>
				<pctVal>0.8988706178</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>TECH DATA CORP</name>
				<lei>549300EK847TAWPJWF34</lei>
				<title>COMMON STOCK USD.0015</title>
				<cusip>878237106</cusip>
				<identifiers>
					<isin value="US8782371061"/>
					<ticker value="TECD"/>
					<other otherDesc="SEDOL Number" value="2879532"/>
				</identifiers>
				<balance>2316</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>332577.6</valUSD>
				<pctVal>0.1594445486</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>TECNOGLASS INC</name>
				<lei>529900YRWTPOC2E6IO67</lei>
				<title>COMMON STOCK</title>
				<cusip>G87264100</cusip>
				<identifiers>
					<isin value="KYG872641009"/>
					<ticker value="TGLS"/>
					<other otherDesc="SEDOL Number" value="BHCVTN5"/>
				</identifiers>
				<balance>53135</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>438363.75</valUSD>
				<pctVal>0.2101606068</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>KY</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>TERADATA CORP</name>
				<lei>549300JU9SOUHV4U4R71</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>88076W103</cusip>
				<identifiers>
					<isin value="US88076W1036"/>
					<ticker value="TDC"/>
					<other otherDesc="SEDOL Number" value="B247H10"/>
				</identifiers>
				<balance>51544</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1379832.88</valUSD>
				<pctVal>0.6615202908</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>TEREX CORP</name>
				<lei>YAWJZJYEQ7M1SYMOS462</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>880779103</cusip>
				<identifiers>
					<isin value="US8807791038"/>
					<ticker value="TEX"/>
					<other otherDesc="SEDOL Number" value="2884224"/>
				</identifiers>
				<balance>29699</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>884436.22</valUSD>
				<pctVal>0.4240169327</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>TEXAS CAPITAL BANCSHARES INC</name>
				<lei>549300466Q2SXRX0YM48</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>88224Q107</cusip>
				<identifiers>
					<isin value="US88224Q1076"/>
					<ticker value="TCBI"/>
					<other otherDesc="SEDOL Number" value="2977209"/>
				</identifiers>
				<balance>52269</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2967311.13</valUSD>
				<pctVal>1.4225900469</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>TIMKEN CO</name>
				<lei>B0I35MLPFXZSE70ASS73</lei>
				<title>COMMON STOCK</title>
				<cusip>887389104</cusip>
				<identifiers>
					<isin value="US8873891043"/>
					<ticker value="TKR"/>
					<other otherDesc="SEDOL Number" value="2892807"/>
				</identifiers>
				<balance>17091</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>962394.21</valUSD>
				<pctVal>0.4613915981</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>TOWNE BANK</name>
				<lei>54930039UO39UJGI7078</lei>
				<title>COMMON STOCK USD1.667</title>
				<cusip>89214P109</cusip>
				<identifiers>
					<isin value="US89214P1093"/>
					<ticker value="TOWN"/>
					<other otherDesc="SEDOL Number" value="B018PR4"/>
				</identifiers>
				<balance>13581</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>377823.42</valUSD>
				<pctVal>0.1811363262</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>TOWNSQUARE MEDIA INC   CL A</name>
				<lei>549300XBA8C68H0DR538</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>892231101</cusip>
				<identifiers>
					<isin value="US8922311019"/>
					<ticker value="TSQ"/>
					<other otherDesc="SEDOL Number" value="BP84RX0"/>
				</identifiers>
				<balance>17158</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>171065.26</valUSD>
				<pctVal>0.0820122075</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>TRICO BANCSHARES</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>896095106</cusip>
				<identifiers>
					<isin value="US8960951064"/>
					<ticker value="TCBK"/>
					<other otherDesc="SEDOL Number" value="2904133"/>
				</identifiers>
				<balance>37776</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1541638.56</valUSD>
				<pctVal>0.739093265</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>TRINSEO SA</name>
				<lei>222100SZ6J5ZF05ZTR58</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>L9340P101</cusip>
				<identifiers>
					<isin value="LU1057788488"/>
					<ticker value="TSE"/>
					<other otherDesc="SEDOL Number" value="BN65SJ4"/>
				</identifiers>
				<balance>29539</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1099146.19</valUSD>
				<pctVal>0.5269533128</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>LU</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>TTEC HOLDINGS INC</name>
				<lei>GTJS1N8S8I28A7L4WG97</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>89854H102</cusip>
				<identifiers>
					<isin value="US89854H1023"/>
					<ticker value="TTEC"/>
					<other otherDesc="SEDOL Number" value="BF950B1"/>
				</identifiers>
				<balance>8881</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>351865.22</valUSD>
				<pctVal>0.1686914307</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>TTM TECHNOLOGIES</name>
				<lei>549300SC4BDOIS008048</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>87305R109</cusip>
				<identifiers>
					<isin value="US87305R1095"/>
					<ticker value="TTMI"/>
					<other otherDesc="SEDOL Number" value="2635659"/>
				</identifiers>
				<balance>101654</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1529892.7</valUSD>
				<pctVal>0.7334620579</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>TUTOR PERINI CORP</name>
				<lei>549300FHXYVPW8LJ6D98</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>901109108</cusip>
				<identifiers>
					<isin value="US9011091082"/>
					<ticker value="TPC"/>
					<other otherDesc="SEDOL Number" value="2681760"/>
				</identifiers>
				<balance>65135</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>837636.1</valUSD>
				<pctVal>0.4015799916</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>UMB FINANCIAL CORP</name>
				<lei>549300MGEH3N3CUCV828</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>902788108</cusip>
				<identifiers>
					<isin value="US9027881088"/>
					<ticker value="UMBF"/>
					<other otherDesc="SEDOL Number" value="2918510"/>
				</identifiers>
				<balance>16216</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1113066.24</valUSD>
				<pctVal>0.5336268713</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>UMPQUA HOLDINGS CORP</name>
				<lei>5299002ENJ7CY215BW86</lei>
				<title>COMMON STOCK</title>
				<cusip>904214103</cusip>
				<identifiers>
					<isin value="US9042141039"/>
					<ticker value="UMPQ"/>
					<other otherDesc="SEDOL Number" value="2484389"/>
				</identifiers>
				<balance>107504</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1902820.8</valUSD>
				<pctVal>0.9122514669</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>UNIFIRST CORP/MA</name>
				<lei>5493003XBTNWBC8UK019</lei>
				<title>COMMON STOCK USD.1</title>
				<cusip>904708104</cusip>
				<identifiers>
					<isin value="US9047081040"/>
					<ticker value="UNF"/>
					<other otherDesc="SEDOL Number" value="2466428"/>
				</identifiers>
				<balance>3117</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>629571.66</valUSD>
				<pctVal>0.3018296155</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>UNISYS CORP</name>
				<lei>549300T21W22FIJJOW08</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>909214306</cusip>
				<identifiers>
					<isin value="US9092143067"/>
					<ticker value="UIS"/>
					<other otherDesc="SEDOL Number" value="2931595"/>
				</identifiers>
				<balance>157935</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1873109.1</valUSD>
				<pctVal>0.8980070662</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>URSTADT BIDDLE   CLASS A</name>
				<lei>549300XXD0YL0AER3Z82</lei>
				<title>REIT USD.01</title>
				<cusip>917286205</cusip>
				<identifiers>
					<isin value="US9172862057"/>
					<ticker value="UBA"/>
					<other otherDesc="SEDOL Number" value="2256522"/>
				</identifiers>
				<balance>3516</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>87337.44</valUSD>
				<pctVal>0.0418713668</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>VALLEY NATIONAL BANCORP</name>
				<lei>549300ET52S1UBIB9762</lei>
				<title>COMMON STOCK</title>
				<cusip>919794107</cusip>
				<identifiers>
					<isin value="US9197941076"/>
					<ticker value="VLY"/>
					<other otherDesc="SEDOL Number" value="2935326"/>
				</identifiers>
				<balance>140911</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1613430.95</valUSD>
				<pctVal>0.7735120148</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>VALMONT INDUSTRIES</name>
				<lei>5493009ZGZJJ8F77JN08</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>920253101</cusip>
				<identifiers>
					<isin value="US9202531011"/>
					<ticker value="VMI"/>
					<other otherDesc="SEDOL Number" value="2926825"/>
				</identifiers>
				<balance>1544</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>231260.32</valUSD>
				<pctVal>0.1108709586</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>VERINT SYSTEMS INC</name>
				<lei>549300KEQJS5FRVUCO94</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>92343X100</cusip>
				<identifiers>
					<isin value="US92343X1000"/>
					<ticker value="VRNT"/>
					<other otherDesc="SEDOL Number" value="2849193"/>
				</identifiers>
				<balance>37101</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2053911.36</valUSD>
				<pctVal>0.984687392</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>VIAD CORP</name>
				<lei>549300PXU4ZW7LPO5Y40</lei>
				<title>COMMON STOCK USD1.5</title>
				<cusip>92552R406</cusip>
				<identifiers>
					<isin value="US92552R4065"/>
					<ticker value="VVI"/>
					<other otherDesc="SEDOL Number" value="B01KGF5"/>
				</identifiers>
				<balance>17184</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1159920</valUSD>
				<pctVal>0.5560895285</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>WEBSTER FINANCIAL CORP</name>
				<lei>KMRURHT0VWKYS6Z5KU67</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>947890109</cusip>
				<identifiers>
					<isin value="US9478901096"/>
					<ticker value="WBS"/>
					<other otherDesc="SEDOL Number" value="2945143"/>
				</identifiers>
				<balance>36342</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1939209.12</valUSD>
				<pctVal>0.9296967767</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>WEINGARTEN REALTY INVESTORS</name>
				<lei>549300JMKTJNB8GWHU88</lei>
				<title>REIT USD.03</title>
				<cusip>948741103</cusip>
				<identifiers>
					<isin value="US9487411038"/>
					<ticker value="WRI"/>
					<other otherDesc="SEDOL Number" value="2946618"/>
				</identifiers>
				<balance>20270</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>633234.8</valUSD>
				<pctVal>0.3035858002</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>WEIS MARKETS INC</name>
				<lei>N/A</lei>
				<title>COMMON STOCK</title>
				<cusip>948849104</cusip>
				<identifiers>
					<isin value="US9488491047"/>
					<ticker value="WMK"/>
					<other otherDesc="SEDOL Number" value="2946845"/>
				</identifiers>
				<balance>9459</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>382994.91</valUSD>
				<pctVal>0.183615645</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>WHITE MOUNTAINS INSURANCE GP</name>
				<lei>549300N3FL068JERBG02</lei>
				<title>COMMON STOCK USD1.0</title>
				<cusip>G9618E107</cusip>
				<identifiers>
					<isin value="BMG9618E1075"/>
					<ticker value="WTM"/>
					<other otherDesc="SEDOL Number" value="2339252"/>
				</identifiers>
				<balance>579</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>645880.29</valUSD>
				<pctVal>0.3096483085</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>BM</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>WNS HOLDINGS LTD ADR</name>
				<lei>529900RM7QHUD3W9DM42</lei>
				<title>ADR USD.16</title>
				<cusip>92932M101</cusip>
				<identifiers>
					<isin value="US92932M1018"/>
					<ticker value="WNS"/>
					<other otherDesc="SEDOL Number" value="B194GX4"/>
				</identifiers>
				<balance>21062</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1393251.3</valUSD>
				<pctVal>0.6679533576</pctVal>
				<payoffProfile>Long</payoffProfile>
				<assetCat>EC</assetCat>
				<issuerCat>CORP</issuerCat>
				<invCountry>JE</invCountry>

				<isRestrictedSec>N</isRestrictedSec>

				<fairValLevel>1</fairValLevel>
				<securityLending>
					<isCashCollateral>N</isCashCollateral>
					<isNonCashCollateral>N</isNonCashCollateral>
					<isLoanByFund>N</isLoanByFund>
				</securityLending>
			</invstOrSec>
			<invstOrSec>
				<name>WPX ENERGY INC</name>
				<lei>ZXZE9GCS2BB547GJW219</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>98212B103</cusip>
				<identifiers>
					<isin value="US98212B1035"/>
					<ticker value="WPX"/>
					<other otherDesc="SEDOL Number" value="B40PCD9"/>
				</identifiers>
				<balance>18532</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>254629.68</valUSD>
				<pctVal>0.1220747109</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>WSFS FINANCIAL CORP</name>
				<lei>549300SU7VQHD6QRG886</lei>
				<title>COMMON STOCK USD.01</title>
				<cusip>929328102</cusip>
				<identifiers>
					<isin value="US9293281021"/>
					<ticker value="WSFS"/>
					<other otherDesc="SEDOL Number" value="2940375"/>
				</identifiers>
				<balance>47066</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>2070433.34</valUSD>
				<pctVal>0.9926083694</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>ZIONS BANCORP NA</name>
				<lei>8WH0EE09O9V05QJZ3V89</lei>
				<title>COMMON STOCK USD.001</title>
				<cusip>989701107</cusip>
				<identifiers>
					<isin value="US9897011071"/>
					<ticker value="ZION"/>
					<other otherDesc="SEDOL Number" value="2989828"/>
				</identifiers>
				<balance>35358</balance>
				<units>NS</units>
				<curCd>USD</curCd>
				<valUSD>1835787.36</valUSD>
				<pctVal>0.8801142557</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>
		<explntrNotes>
			<explntrNote note="Assets and liabilities are reported on a trade date basis, consistent with the MassMutual Funds' financial statements. Differences between N-PORT reported values and the Funds' financial statements may occur due to foreign securities' mark-to-market adjustments, expense adjustments, and other non-material items identified by the fund administrator during the financial statement review process.&#10;" noteItem="B.1.a"/>
			<explntrNote note="Assets and liabilities are reported on a trade date basis, consistent with the MassMutual Funds' financial statements. Differences between N-PORT reported values and the Funds' financial statements may occur due to foreign securities' mark-to-market adjustments, expense adjustments, and other non-material items identified by the fund administrator during the financial statement review process.&#10;" noteItem="B.1.b"/>
			<explntrNote note="Assets and liabilities are reported on a trade date basis, consistent with the MassMutual Funds' financial statements. Differences between N-PORT reported values and the Funds' financial statements may occur due to foreign securities' mark-to-market adjustments, expense adjustments, and other non-material items identified by the fund administrator during the financial statement review process.&#10;" noteItem="B.1.c"/>
			<explntrNote note="Payable amount for investments purchased on a delayed&#10;delivery, when issued, or other firm commitment basis generally is determined based on&#10;the number of days between trade date and settlement date.  Payable amount for purchases of bank loan securities for&#10;which the settlement date is unknown also are included." noteItem="B.2.d"/>
			<explntrNote note="Amounts reported include U.S. Dollar cash and the base equivalent of foreign currency balances (identified cost plus unrealized gain/loss). Amounts are derived from the fund's General Ledger and may differ from financial statements due to adjustments made by the fund administrator during the financial statement review process. " noteItem="B.2.f"/>
			<explntrNote note="DV01 indicates the estimated change in the price of the security given a one basis point change in the 'yield to worst' or the sensitivity of the security's value to a one basis point parallel shift in the yield curve. For floating rate securities, the value of DV01 is calculated by scaling the Effective Duration by 1/100th. For derivatives, when calculating the value of DV01, it is assumed that the volatility will not stay constant given a shift in the yield curve. Accordingly, the DV01 result shows the anticipated move in the present value/market value given a one basis point shift in the yield curve. Risk metrics at the security level are provided by a third-party vendor (ICE). As of the current filing, ICE has gaps in its coverage (e.g., certain CMOs, options on futures, non-U.S. futures). We have attempted to gather missing information from the Funds' subadvisers; however, missing security-level risk metrics may result in non-material errors in portfolio-level calculations._x000D_&#10;" noteItem="B.3.a"/>
			<explntrNote note="DV100 is based on the Effective Duration of the security and is an option-adjusted measure. It represents the average change in a security's market value (price plus accrued interest) given both up and down 100 basis point shifts in the underlying government par yield curve. This calculation incorporates the effect of embedded optionality for corporate bonds and changes in prepayments for mortgage-backed securities. In the event that a bond's currency has no associated government yield curve, the U.S. Treasury curve is used for the calculation. Risk metrics at the security level are provided by a third-party vendor (ICE). As of the current filing, ICE has gaps in its coverage (e.g., certain CMOs, options on futures, non-U.S. futures). We have attempted to gather missing information from the Funds' subadvisers; however, missing security-level risk metrics may result in non-material errors in portfolio-level calculations._x000D_&#10;" noteItem="B.3.b"/>
			<explntrNote note="CS01 measures the change in price for a one basis point change in the Option Adjusted Spread (OAS) of the bond. It is calculated by shifting the bond's OAS up and down one basis point and observing the average change from the starting Input Price, holding the term structure of interest rates and volatility assumptions constant. This indicates the sensitivity of price to a change in the risk premium demanded by the market. CS01 is not computed for most derivatives, except for single-name Credit Default Swaps. Since Treasuries are insensitive to changes in credit spread/risk premiums, a spread duration of zero is assumed. Risk metrics at the security level are provided by a third-party vendor (ICE). As of the current filing, ICE has gaps in its coverage (e.g., certain CMOs, options on futures, non-U.S. futures). We have attempted to gather missing information from the Funds' subadvisers; however, missing security-level risk metrics may result in non-material errors in portfolio-level calculations._x000D_&#10;" noteItem="B.3.c"/>
			<explntrNote note="The market value of securities on loan as calculated by the Lending Agent may differ from the market value of those securities using the fund's approved pricing services. Due to this difference in pricing sources, the aggregate market value of securities on loan for a fund as reported on Form N-PORT may differ from the total value of securities on loan reported in the Notes to Portfolio of Investments in a fund's annual financial statement." noteItem="B.4.a.iii"/>
			<explntrNote note="Beginning in December 2019, the MassMutual Funds began accepting non-cash collateral in the securities lending program. The aggregate value of non-cash collateral reported includes the actual principal amount of that collateral as of the close of business on month-end but the market value is calculated based on the prior day's price." noteItem="B.4.b.ii"/>
			<explntrNote note="Monthly total returns for each share class are calculated by the Funds' Sub-Administrator, State Street Bank. The returns are reported without deducting sales loads and redemption fees." noteItem="B.5.a"/>

			<explntrNote note="TBAs are reported as securities rather than as derivatives." noteItem="C.1.a"/>
			<explntrNote note="Certain derivative investments (e.g., options, futures and swaps), private investments, commercial paper, bank loans, and reverse repurchase agreements do not have a standard industry CUSIP and are assigned a 'dummy' CUSIP number by the Funds' Custodian, State Street Bank. Foreign currency forwards do not have a CUSIP in the Custodian's system." noteItem="C.1.d"/>
			<explntrNote note="Certain derivative investments (e.g., OTC options and swaps), private investments, commercial paper, and reverse repurchase agreements do not have an ISIN, SEDOL, ticker or other industry-recognized identifier. For bank loans, we provide the Bank Loan LNX ID. For foreign currency forwards, we provide the Custodian's trade identification number. For investments for which no standard industry or other identifier is available, we are responding with N/A and a description of 'Additional identifier not available.'" noteItem="C.1.e.iii"/>
			<explntrNote note="Issuer type for certain SLM Student Loan Trust asset-backed securities is reported as USGA (U.S. government agency) even though the security may have been issued by Sallie Mae as a private entity. The third-party vendor (ICE) provides the issuer type classification and is unable at this time to differentiate Sallie Mae securities issued prior to or after termination of the entity's federal charter." noteItem="C.4.b"/>
			<explntrNote note="Country codes tagged as N/A indicate that the security is a cross-border supranational/multinational." noteItem="C.5.a"/>

			<explntrNote note="Restricted securities include any equity or fixed income security acquired in a private offering, or any fixed income security flagged by a third-party vendor as exempt from registration under Rule 144A or Regulation S of the Security Act of 1933." noteItem="C.6"/>

			<explntrNote note="Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Level 1 - Quoted prices (unadjusted) in active markets for identical investments that the Fund can access at the measurement date. Level 1 securities generally include actively traded domestic equity securities and American Depository Receipts, derivatives actively traded on a national securities exchange (such as futures and options), and shares of open-end mutual funds. Level 2 - Other significant observable inputs, including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc. Level 2 securities generally include debt securities such as U.S. Government and agency securities, mortgage-backed and asset-backed securities, municipal obligations, sovereign debt obligations, bank loans, corporate bonds, and securities valued at amortized cost; OTC derivatives such as swaps, options, swaptions, and forward foreign currency exchange contracts; broker-quoted securities; and non-exchange traded equity securities and equity securities traded on foreign exchanges._x000D_&#10;Level 3 - Significant unobservable inputs, including the Funds'/Fund's own assumptions in determining the fair value of investments). Level 3 securities include securities for which prices, spreads, or any other significant inputs are unobservable. Generally, securities whose trading has been suspended or that have been delisted from their primary trading exchange; securities in default or bankruptcy proceedings for which there is no current market quotation; and securities acquired in a non-public offering and for which there is no active market are categorized as Level 3." noteItem="C.8"/>
			<explntrNote note="Perpetual bonds held in the MassMutual Funds reflect a maturity date of 2099-12-31." noteItem="C.9.a"/>
			<explntrNote note="Instruments are classified as Floating when the coupon rate is determined by a formula that includes an index and margin. Other non-fixed coupon types are mapped as Variable. If an instrument has a fixed coupon rate of 0%, the coupon type will be mapped as None. For fixed-to-float instruments, coupon type will be Variable during the fixed period and Floating after the trigger date." noteItem="C.9.b.i"/>
			<explntrNote note="Certain securities flagged as both mandatory convertible and contingent convertible by the third-party vendor are redeemable or become convertible upon occurrence of some condition or event, e.g., default, tax change, or other trigger event. Related convertible data (description of reference instrument, conversion ratio, delta) is reported as N/A because it is unknown when or if the event will occur." noteItem="C.9.f.iii"/>
			<explntrNote note="Certain securities flagged as both mandatory convertible and contingent convertible by the third-party vendor are redeemable or become convertible upon occurrence of some condition or event, e.g., default, tax change, or other trigger event. Related convertible data (description of reference instrument, conversion ratio, delta) is reported as N/A because it is unknown when or if the event will occur." noteItem="C.9.f.iv"/>


			<explntrNote note="Certain currency forward contracts or options on currency forward contracts have been executed by counterparties for currency CNH, China's offshore Yuan traded outside mainland China. Our filing reflects currency code CNY, the Yuan traded within mainland China. Since CNY and CNH both refer to the Chinese currency and CNH is not an option for the filing, we have substituted CNY for CNH, as needed._x000D_&#10;" noteItem="C.11.e.i"/>
			<explntrNote note="Certain currency forward contracts or options on currency forward contracts have been executed by counterparties for currency CNH, China's offshore Yuan traded outside mainland China. Our filing reflects currency code CNY, the Yuan traded within mainland China. Since CNY and CNH both refer to the Chinese currency and CNH is not an option for the filing, we have substituted CNY for CNH, as needed._x000D_&#10;" noteItem="C.11.e.ii"/>
			<explntrNote note="The market value of securities on loan as calculated by the Lending Agent may differ from the market value of those securities using the fund's approved pricing services. Due to this difference in pricing sources, the aggregate market value of securities on loan for a fund as reported on Form N-PORT may differ from the total value of securities on loan reported in the Notes to Portfolio of Investments in a fund's annual financial statement." noteItem="C.12.c"/>
		</explntrNotes>
		<signature>
			<ncom:dateSigned>2020-02-21</ncom:dateSigned>
			<ncom:nameOfApplicant>MASSMUTUAL SELECT FUNDS</ncom:nameOfApplicant>
			<ncom:signature>/s/ Renee Hitchcock</ncom:signature>
			<ncom:signerName>Renee Hitchcock</ncom:signerName>
			<ncom:title>Treasurer and CFO</ncom:title>
		</signature>
	</formData>
	<documents>XXXX</documents>
</edgarSubmission>
