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      <regStreet1>303 Broadway</regStreet1>
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      <regZipOrPostalCode>45202</regZipOrPostalCode>
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      <seriesName>Touchstone Variable Series Trust-Touchstone Small Company Fund</seriesName>
      <seriesId>S000059069</seriesId>
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      <repPdEnd>2025-12-31</repPdEnd>
      <repPdDate>2025-12-31</repPdDate>
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        <name>ESCO Technologies Inc.</name>
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        <name>ExlService Holdings Inc.</name>
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        <curCd>USD</curCd>
        <valUSD>934741</valUSD>
        <pctVal>1.5398393701</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ITT Inc</name>
        <lei>549300KDSERHTJOXUS80</lei>
        <title>ITT Inc COM USD1.00</title>
        <cusip>45073V108</cusip>
        <identifiers>
          <isin value="US45073V1089"/>
          <ticker value="ITT"/>
          <other otherDesc="SEDOL" value="BZBY209"/>
        </identifiers>
        <balance>4101</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>711564.51</valUSD>
        <pctVal>1.1721910635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Merit Medical Systems Inc.</name>
        <lei>549300OYTY138SP2CE83</lei>
        <title>Merit Medical Systems Inc. COM NPV</title>
        <cusip>589889104</cusip>
        <identifiers>
          <isin value="US5898891040"/>
          <ticker value="MMSI"/>
          <other otherDesc="SEDOL" value="2580555"/>
        </identifiers>
        <balance>10407</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>917272.98</valUSD>
        <pctVal>1.5110635435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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</name>
        <lei>549300J3T8C9F8QFKV08</lei>
        <title>Cactus Inc COM USD0.01 CL A</title>
        <cusip>127203107</cusip>
        <identifiers>
          <isin value="US1272031071"/>
          <ticker value="WHD"/>
          <other otherDesc="SEDOL" value="BF1GM16"/>
        </identifiers>
        <balance>19877</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>907981.36</valUSD>
        <pctVal>1.4957570551</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Nextpower Inc.</name>
        <lei>N/A</lei>
        <title>Nextpower Inc. CLASS A COM</title>
        <cusip>65290E101</cusip>
        <identifiers>
          <isin value="US65290E1010"/>
          <ticker value="NXT"/>
          <other otherDesc="SEDOL" value="BR1GTS6"/>
        </identifiers>
        <balance>6755</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>588428.05</valUSD>
        <pctVal>0.9693430350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Ameris Bancorp COM USD1</title>
        <cusip>03076K108</cusip>
        <identifiers>
          <isin value="US03076K1088"/>
          <ticker value="ABCB"/>
          <other otherDesc="SEDOL" value="2038849"/>
        </identifiers>
        <balance>14550</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1080628.5</valUSD>
        <pctVal>1.7801661730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Silgan Holdings Inc.</name>
        <lei>KAF673KJXD92C8KSLU49</lei>
        <title>Silgan Holdings Inc. COM USD0.01</title>
        <cusip>827048109</cusip>
        <identifiers>
          <isin value="US8270481091"/>
          <ticker value="SLGN"/>
          <other otherDesc="SEDOL" value="2809324"/>
        </identifiers>
        <balance>16071</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>648786.27</valUSD>
        <pctVal>1.0687737473</pctVal>
        <payoffProfile>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="620603.550000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Cargurus Inc</name>
        <lei>54930027BKQN6B7X7G78</lei>
        <title>Cargurus Inc COM USD0.001 CL A</title>
        <cusip>141788109</cusip>
        <identifiers>
          <isin value="US1417881091"/>
          <ticker value="CARG"/>
          <other otherDesc="SEDOL" value="BF5D6S8"/>
        </identifiers>
        <balance>32260</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1237171</valUSD>
        <pctVal>2.0380454194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Tower Semiconductor Limited</name>
        <lei>54930086ZSNXZOUX0C54</lei>
        <title>Tower Semiconductor Limited ORD ILS1</title>
        <cusip>M87915274</cusip>
        <identifiers>
          <isin value="IL0010823792"/>
          <ticker value="TSEM"/>
          <other otherDesc="SEDOL" value="2898173"/>
        </identifiers>
        <balance>7274</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>854113.08</valUSD>
        <pctVal>1.4070175023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tidewater Inc New</name>
        <lei>2549000JA5GRUPLMUH98</lei>
        <title>Tidewater Inc New COM USD0.001</title>
        <cusip>88642R109</cusip>
        <identifiers>
          <isin value="US88642R1095"/>
          <ticker value="TDW"/>
          <other otherDesc="SEDOL" value="BDFGDQ0"/>
        </identifiers>
        <balance>12970</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>655114.7</valUSD>
        <pctVal>1.0791988444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Topbuild Corporation</name>
        <lei>5493007YSKHOL4RWII46</lei>
        <title>Topbuild Corporation COM USD0.01 'WI'</title>
        <cusip>89055F103</cusip>
        <identifiers>
          <isin value="US89055F1030"/>
          <ticker value="BLD"/>
          <other otherDesc="SEDOL" value="BZ0P3W2"/>
        </identifiers>
        <balance>1664</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>694204.16</valUSD>
        <pctVal>1.1435926064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>HF Sinclair Corp.</name>
        <lei>2549009G116AM01XHN24</lei>
        <title>HF Sinclair Corp. COM</title>
        <cusip>403949100</cusip>
        <identifiers>
          <isin value="US4039491000"/>
          <ticker value="DINO"/>
          <other otherDesc="SEDOL" value="BMZQ9C1"/>
        </identifiers>
        <balance>15580</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>717926.4</valUSD>
        <pctVal>1.1826712807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Hexcel Corporation</name>
        <lei>S6Q7LW43WUBUHXY2QP69</lei>
        <title>Hexcel Corporation COM USD0.01</title>
        <cusip>428291108</cusip>
        <identifiers>
          <isin value="US4282911084"/>
          <ticker value="HXL"/>
          <other otherDesc="SEDOL" value="2416779"/>
        </identifiers>
        <balance>9472</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>699980.8</valUSD>
        <pctVal>1.1531087158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Home BancShares Inc. COM USD0.01</title>
        <cusip>436893200</cusip>
        <identifiers>
          <isin value="US4368932004"/>
          <ticker value="HOMB"/>
          <other otherDesc="SEDOL" value="B17MTL9"/>
        </identifiers>
        <balance>22880</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>635606.4</valUSD>
        <pctVal>1.0470619761</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LCI Industries</name>
        <lei>549300E1B98YNJ1WIQ04</lei>
        <title>LCI Industries COM USD0.01</title>
        <cusip>50189K103</cusip>
        <identifiers>
          <isin value="US50189K1034"/>
          <ticker value="LCII"/>
          <other otherDesc="SEDOL" value="BYQ44Y5"/>
        </identifiers>
        <balance>7170</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>870007.8</valUSD>
        <pctVal>1.4332015636</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Malibu Boats Inc</name>
        <lei>549300MHGS3WZNRLUK77</lei>
        <title>Malibu Boats Inc COM USD0.01 CL A</title>
        <cusip>56117J100</cusip>
        <identifiers>
          <isin value="US56117J1007"/>
          <ticker value="MBUU"/>
          <other otherDesc="SEDOL" value="BJ38KJ2"/>
        </identifiers>
        <balance>21573</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>608574.33</valUSD>
        <pctVal>1.0025308754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Progyny Inc</name>
        <lei>N/A</lei>
        <title>Progyny Inc COM</title>
        <cusip>74340E103</cusip>
        <identifiers>
          <isin value="US74340E1038"/>
          <ticker value="PGNY"/>
          <other otherDesc="SEDOL" value="BKWD3M9"/>
        </identifiers>
        <balance>56949</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1462450.32</valUSD>
        <pctVal>2.4091578090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LivaNova PLC</name>
        <lei>2138001K2FX6SHK2B339</lei>
        <title>LivaNova PLC ORD GBP1.00 (DI)</title>
        <cusip>G5509L101</cusip>
        <identifiers>
          <isin value="GB00BYMT0J19"/>
          <ticker value="LIVN"/>
          <other otherDesc="SEDOL" value="BYMT0J1"/>
        </identifiers>
        <balance>17274</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1062869.22</valUSD>
        <pctVal>1.7509105412</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Box Inc.</name>
        <lei>549300KQUCPD8687YS68</lei>
        <title>Box Inc. COM USD0.0001 CL 'A'</title>
        <cusip>10316T104</cusip>
        <identifiers>
          <isin value="US10316T1043"/>
          <ticker value="BOX"/>
          <other otherDesc="SEDOL" value="BVB3BV2"/>
        </identifiers>
        <balance>29100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>870381</valUSD>
        <pctVal>1.4338163521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Commvault Systems Inc. COM STK USD0.01</title>
        <cusip>204166102</cusip>
        <identifiers>
          <isin value="US2041661024"/>
          <ticker value="CVLT"/>
          <other otherDesc="SEDOL" value="B142B38"/>
        </identifiers>
        <balance>5167</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>647735.12</valUSD>
        <pctVal>1.0670421423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Crocs Inc</name>
        <lei>549300B0J6YCXD63OG72</lei>
        <title>Crocs Inc COM STK USD0.001</title>
        <cusip>227046109</cusip>
        <identifiers>
          <isin value="US2270461096"/>
          <ticker value="CROX"/>
          <other otherDesc="SEDOL" value="B0T7Z62"/>
        </identifiers>
        <balance>7170</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>613178.4</valUSD>
        <pctVal>1.0101153595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Liveramp Holdings Inc</name>
        <lei>254900GXS75LG1X7RF88</lei>
        <title>Liveramp Holdings Inc COM USD0.10</title>
        <cusip>53815P108</cusip>
        <identifiers>
          <isin value="US53815P1084"/>
          <ticker value="RAMP"/>
          <other otherDesc="SEDOL" value="BGLN838"/>
        </identifiers>
        <balance>48254</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1417219.98</valUSD>
        <pctVal>2.3346479092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Encompass Health Corporation</name>
        <lei>549300FVRPM9DRQZRG64</lei>
        <title>Encompass Health Corporation COM USD0.01</title>
        <cusip>29261A100</cusip>
        <identifiers>
          <isin value="US29261A1007"/>
          <ticker value="EHC"/>
          <other otherDesc="SEDOL" value="BYX2YJ7"/>
        </identifiers>
        <balance>8473</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>899324.22</valUSD>
        <pctVal>1.4814957731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>KBR Inc</name>
        <lei>254900OFQDXZRKRCV808</lei>
        <title>KBR Inc COM USD0.001</title>
        <cusip>48242W106</cusip>
        <identifiers>
          <isin value="US48242W1062"/>
          <ticker value="KBR"/>
          <other otherDesc="SEDOL" value="B1HHB18"/>
        </identifiers>
        <balance>14902</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>599060.4</valUSD>
        <pctVal>0.9868581660</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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 and Soffa Industries, Inc.</name>
        <lei>529900H6BEIRBF429744</lei>
        <title>Kulicke and Soffa Industries, Inc. COM NPV</title>
        <cusip>501242101</cusip>
        <identifiers>
          <isin value="US5012421013"/>
          <ticker value="KLIC"/>
          <other otherDesc="SEDOL" value="2498001"/>
        </identifiers>
        <balance>19547</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>890561.32</valUSD>
        <pctVal>1.4670602681</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Waystar Holding Corp</name>
        <lei>N/A</lei>
        <title>Waystar Holding Corp COM</title>
        <cusip>946784105</cusip>
        <identifiers>
          <isin value="US9467841055"/>
          <ticker value="WAY"/>
          <other otherDesc="SEDOL" value="BSWYNW8"/>
        </identifiers>
        <balance>20640</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>675960</valUSD>
        <pctVal>1.1135382107</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Zurn Elkay Water Solutions Corporation</name>
        <lei>549300AM3633XDFU1Q85</lei>
        <title>Zurn Elkay Water Solutions Corporation COM</title>
        <cusip>98983L108</cusip>
        <identifiers>
          <isin value="US98983L1089"/>
          <ticker value="ZWS"/>
          <other otherDesc="SEDOL" value="BMV1ZD3"/>
        </identifiers>
        <balance>13643</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>634263.07</valUSD>
        <pctVal>1.0448490504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Bio-Techne Corp</name>
        <lei>54930073RLKQ51TILZ35</lei>
        <title>Bio-Techne Corp COM USD0.01</title>
        <cusip>09073M104</cusip>
        <identifiers>
          <isin value="US09073M1045"/>
          <ticker value="TECH"/>
          <other otherDesc="SEDOL" value="BSHZ3Q0"/>
        </identifiers>
        <balance>10690</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>628678.9</valUSD>
        <pctVal>1.0356500051</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Maximus Inc</name>
        <lei>549300DQCDS8HJ7QF202</lei>
        <title>Maximus Inc COM NPV</title>
        <cusip>577933104</cusip>
        <identifiers>
          <isin value="US5779331041"/>
          <ticker value="MMS"/>
          <other otherDesc="SEDOL" value="2018669"/>
        </identifiers>
        <balance>11107</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>958756.24</valUSD>
        <pctVal>1.5794007160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Advanced Energy Industries, Inc.</name>
        <lei>549300756XI3QLFT2U27</lei>
        <title>Advanced Energy Industries, Inc. COM USD0.001</title>
        <cusip>007973100</cusip>
        <identifiers>
          <isin value="US0079731008"/>
          <ticker value="AEIS"/>
          <other otherDesc="SEDOL" value="2049175"/>
        </identifiers>
        <balance>2782</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>582467.34</valUSD>
        <pctVal>0.9595236990</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Agree Realty Corp</name>
        <lei>98450090H010B37OEB68</lei>
        <title>Agree Realty Corp COM USD0.0001</title>
        <cusip>008492100</cusip>
        <identifiers>
          <isin value="US0084921008"/>
          <ticker value="ADC"/>
          <other otherDesc="SEDOL" value="2062161"/>
        </identifiers>
        <balance>12534</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>902824.02</valUSD>
        <pctVal>1.4872611454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CCC Intelligent Solutions Holdings Inc</name>
        <lei>N/A</lei>
        <title>CCC Intelligent Solutions Holdings Inc COM</title>
        <cusip>12510Q100</cusip>
        <identifiers>
          <isin value="US12510Q1004"/>
          <ticker value="CCC"/>
          <other otherDesc="SEDOL" value="BP4CXL8"/>
        </identifiers>
        <balance>111329</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>885065.55</valUSD>
        <pctVal>1.4580068479</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Ziff Davis Inc</name>
        <lei>5493008OJYGLHD7MXA18</lei>
        <title>Ziff Davis Inc COM USD0.001</title>
        <cusip>48123V102</cusip>
        <identifiers>
          <isin value="US48123V1026"/>
          <ticker value="ZD"/>
          <other otherDesc="SEDOL" value="B75DGJ3"/>
        </identifiers>
        <balance>17149</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>602787.35</valUSD>
        <pctVal>0.9929977323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CACI International Inc.</name>
        <lei>SYRPI2D1O9WRTS2WX210</lei>
        <title>CACI International Inc. CLASS'A'COM USD0.10</title>
        <cusip>127190304</cusip>
        <identifiers>
          <isin value="US1271903049"/>
          <ticker value="CACI"/>
          <other otherDesc="SEDOL" value="2159267"/>
        </identifiers>
        <balance>1310</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>697981.1</valUSD>
        <pctVal>1.1498145233</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SPS Commerce Inc</name>
        <lei>2549006XVF9GCCETDQ72</lei>
        <title>SPS Commerce Inc COM USD0.001</title>
        <cusip>78463M107</cusip>
        <identifiers>
          <isin value="US78463M1071"/>
          <ticker value="SPSC"/>
          <other otherDesc="SEDOL" value="B57VWJ3"/>
        </identifiers>
        <balance>7409</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>660364.17</valUSD>
        <pctVal>1.0878465239</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Dreyfus Government Cash Management Funds</name>
        <lei>549300F7IDB6WRO7VJ11</lei>
        <title>Dreyfus Government Cash Management Funds SH BEN INT</title>
        <cusip>262006208</cusip>
        <identifiers>
          <isin value="US2620062081"/>
          <ticker value="DGCXX"/>
          <other otherDesc="SEDOL" value="B125RB9"/>
        </identifiers>
        <balance>122983.63</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>122983.63</valUSD>
        <pctVal>0.2025962650</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Certara Inc</name>
        <lei>N/A</lei>
        <title>Certara Inc COM</title>
        <cusip>15687V109</cusip>
        <identifiers>
          <isin value="US15687V1098"/>
          <ticker value="CERT"/>
          <other otherDesc="SEDOL" value="BM9GT61"/>
        </identifiers>
        <balance>70292</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>619272.52</valUSD>
        <pctVal>1.0201544675</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Southstate Bank Corp.</name>
        <lei>N/A</lei>
        <title>Southstate Bank Corp. COM</title>
        <cusip>84472E102</cusip>
        <identifiers>
          <isin value="US84472E1029"/>
          <ticker value="SSB"/>
          <other otherDesc="SEDOL" value="BVDCQB2"/>
        </identifiers>
        <balance>7094</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>667616.34</valUSD>
        <pctVal>1.0997933379</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Chemed Corporation</name>
        <lei>54930020031IDJT2IM79</lei>
        <title>Chemed Corporation CAP USD1</title>
        <cusip>16359R103</cusip>
        <identifiers>
          <isin value="US16359R1032"/>
          <ticker value="CHE"/>
          <other otherDesc="SEDOL" value="2190084"/>
        </identifiers>
        <balance>1668</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>713670.48</valUSD>
        <pctVal>1.1756603192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>STAG Industrial, Inc. COM USD0.01</title>
        <cusip>85254J102</cusip>
        <identifiers>
          <isin value="US85254J1025"/>
          <ticker value="STAG"/>
          <other otherDesc="SEDOL" value="B64BRQ5"/>
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        <balance>24498</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>900546.48</valUSD>
        <pctVal>1.4835092550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DoubleVerify Holdings Inc</name>
        <lei>N/A</lei>
        <title>DoubleVerify Holdings Inc COM</title>
        <cusip>25862V105</cusip>
        <identifiers>
          <isin value="US25862V1052"/>
          <ticker value="DV"/>
          <other otherDesc="SEDOL" value="BMDX9Z7"/>
        </identifiers>
        <balance>63276</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>723877.44</valUSD>
        <pctVal>1.1924746868</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Webster Financial Corp. COM USD0.01</title>
        <cusip>947890109</cusip>
        <identifiers>
          <isin value="US9478901096"/>
          <ticker value="WBS"/>
          <other otherDesc="SEDOL" value="2945143"/>
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        <balance>11325</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>712795.5</valUSD>
        <pctVal>1.1742189267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Doximity Inc</name>
        <lei>N/A</lei>
        <title>Doximity Inc CL A</title>
        <cusip>26622P107</cusip>
        <identifiers>
          <isin value="US26622P1075"/>
          <ticker value="DOCS"/>
          <other otherDesc="SEDOL" value="BMD22Y4"/>
        </identifiers>
        <balance>14682</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>650118.96</valUSD>
        <pctVal>1.0709691453</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Yeti Holdings Inc</name>
        <lei>549300DSQICIGNT5GO63</lei>
        <title>Yeti Holdings Inc COM USD0.01</title>
        <cusip>98585X104</cusip>
        <identifiers>
          <isin value="US98585X1046"/>
          <ticker value="YETI"/>
          <other otherDesc="SEDOL" value="BGR7KH2"/>
        </identifiers>
        <balance>16675</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>736534.75</valUSD>
        <pctVal>1.2133256223</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Champion Homes Inc.</name>
        <lei>N/A</lei>
        <title>Champion Homes Inc. COM USD0.0277</title>
        <cusip>830830105</cusip>
        <identifiers>
          <isin value="US8308301055"/>
          <ticker value="SKY"/>
          <other otherDesc="SEDOL" value="2814005"/>
        </identifiers>
        <balance>10288</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>869336</valUSD>
        <pctVal>1.4320948783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Zeta Global Holdings Corp</name>
        <lei>2549008P9XSJQHGQ9S27</lei>
        <title>Zeta Global Holdings Corp CL A</title>
        <cusip>98956A105</cusip>
        <identifiers>
          <isin value="US98956A1051"/>
          <ticker value="ZETA"/>
          <other otherDesc="SEDOL" value="BN0TQF4"/>
        </identifiers>
        <balance>22120</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>450142</valUSD>
        <pctVal>0.7415384302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PVH Corp.</name>
        <lei>123WALMHY1GZXG2YDL90</lei>
        <title>PVH Corp. COM USD1.00</title>
        <cusip>693656100</cusip>
        <identifiers>
          <isin value="US6936561009"/>
          <ticker value="PVH"/>
          <other otherDesc="SEDOL" value="B3V9F12"/>
        </identifiers>
        <balance>8980</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>601839.6</valUSD>
        <pctVal>0.9914364627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Q2 Holdings Inc</name>
        <lei>549300M9RKR9DZXWS696</lei>
        <title>Q2 Holdings Inc COM USD0.0001</title>
        <cusip>74736L109</cusip>
        <identifiers>
          <isin value="US74736L1098"/>
          <ticker value="QTWO"/>
          <other otherDesc="SEDOL" value="BKM4KV0"/>
        </identifiers>
        <balance>8470</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>611195.2</valUSD>
        <pctVal>1.0068483481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Qualys Inc</name>
        <lei>549300EMBXYOW9W1XA17</lei>
        <title>Qualys Inc COM USD0.001</title>
        <cusip>74758T303</cusip>
        <identifiers>
          <isin value="US74758T3032"/>
          <ticker value="QLYS"/>
          <other otherDesc="SEDOL" value="B7XJTN8"/>
        </identifiers>
        <balance>6790</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>902391</valUSD>
        <pctVal>1.4865478127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Ringcentral Inc</name>
        <lei>549300C8EH0H1614VE84</lei>
        <title>Ringcentral Inc COM USD0.0001 CL'A'</title>
        <cusip>76680R206</cusip>
        <identifiers>
          <isin value="US76680R2067"/>
          <ticker value="RNG"/>
          <other otherDesc="SEDOL" value="BDZCRX3"/>
        </identifiers>
        <balance>41574</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1200657.12</valUSD>
        <pctVal>1.9778945220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>F N B Corp (Pennsylvania)</name>
        <lei>PCYSKIGYNYFDTBLVZU83</lei>
        <title>F N B Corp (Pennsylvania) COM USD0.01</title>
        <cusip>302520101</cusip>
        <identifiers>
          <isin value="US3025201019"/>
          <ticker value="FNB"/>
          <other otherDesc="SEDOL" value="2041308"/>
        </identifiers>
        <balance>67067</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1146845.7</valUSD>
        <pctVal>1.8892486371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>254900RXZVN73CHOO062</lei>
        <title>Onto Innovation Inc. COM</title>
        <cusip>683344105</cusip>
        <identifiers>
          <isin value="US6833441057"/>
          <ticker value="ONTO"/>
          <other otherDesc="SEDOL" value="BKZ7N95"/>
        </identifiers>
        <balance>5362</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>846445.32</valUSD>
        <pctVal>1.3943860688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Option Care Health Inc</name>
        <lei>549300DI3Q5ACSYJRI17</lei>
        <title>Option Care Health Inc COM NEW</title>
        <cusip>68404L201</cusip>
        <identifiers>
          <isin value="US68404L2016"/>
          <ticker value="OPCH"/>
          <other otherDesc="SEDOL" value="BKM5C62"/>
        </identifiers>
        <balance>43785</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1394990.1</valUSD>
        <pctVal>2.2980276642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Atlantic Union Bankshares Corp</name>
        <lei>N/A</lei>
        <title>Atlantic Union Bankshares Corp COM USD1.33</title>
        <cusip>04911A107</cusip>
        <identifiers>
          <isin value="US04911A1079"/>
          <ticker value="AUB"/>
          <other otherDesc="SEDOL" value="BFZ9DB8"/>
        </identifiers>
        <balance>19811</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>699328.3</valUSD>
        <pctVal>1.1520338243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Federal Signal Corp.</name>
        <lei>549300RTXZRPTNP6G884</lei>
        <title>Federal Signal Corp. COM USD1</title>
        <cusip>313855108</cusip>
        <identifiers>
          <isin value="US3138551086"/>
          <ticker value="FSS"/>
          <other otherDesc="SEDOL" value="2333986"/>
        </identifiers>
        <balance>7980</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>866548.2</valUSD>
        <pctVal>1.4275024145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Franklin Electric Co Inc</name>
        <lei>RR6AURIKMXUE4Q24G284</lei>
        <title>Franklin Electric Co Inc COM USD0.10</title>
        <cusip>353514102</cusip>
        <identifiers>
          <isin value="US3535141028"/>
          <ticker value="FELE"/>
          <other otherDesc="SEDOL" value="2350383"/>
        </identifiers>
        <balance>9200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>878876</valUSD>
        <pctVal>1.4478105339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Frontdoor Inc</name>
        <lei>5493008RB0JZJI3QGZ06</lei>
        <title>Frontdoor Inc COM USD0.01</title>
        <cusip>35905A109</cusip>
        <identifiers>
          <isin value="US35905A1097"/>
          <ticker value="FTDR"/>
          <other otherDesc="SEDOL" value="BFYF094"/>
        </identifiers>
        <balance>14684</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>847119.96</valUSD>
        <pctVal>1.3954974326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Globus Med Inc</name>
        <lei>5299003M2P4CIK0RF205</lei>
        <title>Globus Med Inc COM USD0.001 CL 'A'</title>
        <cusip>379577208</cusip>
        <identifiers>
          <isin value="US3795772082"/>
          <ticker value="GMED"/>
          <other otherDesc="SEDOL" value="B7D65M0"/>
        </identifiers>
        <balance>10442</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>911691.02</valUSD>
        <pctVal>1.5018681388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-02-25</ncom:dateSigned>
      <ncom:nameOfApplicant>Touchstone Variable Series Trust</ncom:nameOfApplicant>
      <ncom:signature>Terri Lucas</ncom:signature>
      <ncom:signerName>Terri Lucas</ncom:signerName>
      <ncom:title>Controller &amp; Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
