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        <name>BLOOMIN' BRANDS INC</name>
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        <name>PORTLAND GENERAL ELECTRIC CO</name>
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        <name>HERITAGE COMMERCE CORP</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ECHOSTAR CORP-A</name>
        <lei>N/A</lei>
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          <isin value="US2787681061"/>
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        <balance>922.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EASTERLY GOVERNMENT PROPERTI</name>
        <lei>549300ERMCEFC6S8HL77</lei>
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          <isin value="US27616P1030"/>
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        <curCd>USD</curCd>
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        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARGO GROUP INTERNATIONAL</name>
        <lei>N/A</lei>
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          <isin value="BMG0464B1072"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ORBCOMM INC</name>
        <lei>N/A</lei>
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          <isin value="US68555P1003"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DIME COMMUNITY BANCSHARES</name>
        <lei>N/A</lei>
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          <isin value="US2539221083"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PDC ENERGY INC</name>
        <lei>N/A</lei>
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          <isin value="US69327R1014"/>
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        <balance>1580.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KEMET CORP</name>
        <lei>N/A</lei>
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          <isin value="US4883602074"/>
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        <balance>3190.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JOHNSON OUTDOORS INC-A</name>
        <lei>N/A</lei>
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          <isin value="US4791671088"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ZAGG INC</name>
        <lei>N/A</lei>
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          <isin value="US98884U1088"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANCFIRST CORP</name>
        <lei>N/A</lei>
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          <isin value="US05945F1030"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PACIFIC BIOSCIENCES OF CALIF</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELLINGTON FINANCIAL INC</name>
        <lei>N/A</lei>
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        <assetCat>RE</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SELECTIVE INSURANCE GROUP</name>
        <lei>N/A</lei>
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        <name>PLEXUS CORP</name>
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        <name>UMB FINANCIAL CORP</name>
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        <name>CIRRUS LOGIC INC</name>
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        <name>WERNER ENTERPRISES INC</name>
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        <name>HAVERTY FURNITURE</name>
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        <name>HANNON ARMSTRONG SUSTAINABLE</name>
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        <name>SAFETY INSURANCE GROUP INC</name>
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        <name>XURA INC</name>
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        <name>SYNAPTICS INC</name>
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        <name>COEUR MINING INC</name>
        <lei>5493003AVK173D48DR70</lei>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>MANTECH INTERNATIONAL CORP-A</name>
        <lei>N/A</lei>
        <title>MANTECH INTERNATIONAL CORP-A 0.00000000</title>
        <cusip>564563104</cusip>
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          <isin value="US5645631046"/>
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        <balance>1063.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BOISE CASCADE CO</name>
        <lei>N/A</lei>
        <title>BOISE CASCADE CO 0.00000000</title>
        <cusip>09739D100</cusip>
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          <isin value="US09739D1000"/>
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        <balance>1353.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32174.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MERITAGE HOMES CORP</name>
        <lei>52990044W9UMFJO2FB97</lei>
        <title>MERITAGE HOMES CORP 0.00000000</title>
        <cusip>59001A102</cusip>
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          <isin value="US59001A1025"/>
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        <balance>290.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10587.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENTERPRISE FINANCIAL SERVICE</name>
        <lei>N/A</lei>
        <title>ENTERPRISE FINANCIAL SERVICE 0.00000000</title>
        <cusip>293712105</cusip>
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          <isin value="US2937121059"/>
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        <balance>3072.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>RICHARDSON ELEC LTD</name>
        <lei>N/A</lei>
        <title>RICHARDSON ELEC LTD 0.00000000</title>
        <cusip>763165107</cusip>
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          <isin value="US7631651079"/>
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        <balance>13818.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COUSINS PROPERTIES INC</name>
        <lei>N/A</lei>
        <title>COUSINS PROPERTIES INC 0.00000000</title>
        <cusip>222795502</cusip>
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          <isin value="US2227955026"/>
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        <balance>3199.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BUILDERS FIRSTSOURCE INC</name>
        <lei>N/A</lei>
        <title>BUILDERS FIRSTSOURCE INC 0.00000000</title>
        <cusip>12008R107</cusip>
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          <isin value="US12008R1077"/>
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        <balance>2613.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31956.99000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>IBERIABANK CORP</name>
        <lei>N/A</lei>
        <title>IBERIABANK CORP 0.00000000</title>
        <cusip>450828108</cusip>
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          <isin value="US4508281080"/>
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        <balance>1077.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38944.32000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MILLER INDUSTRIES INC/TENN</name>
        <lei>N/A</lei>
        <title>MILLER INDUSTRIES INC/TENN 0.00000000</title>
        <cusip>600551204</cusip>
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          <isin value="US6005512040"/>
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        <balance>7543.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>213316.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NORTHWESTERN CORP</name>
        <lei>N/A</lei>
        <title>NORTHWESTERN CORP 0.00000000</title>
        <cusip>668074305</cusip>
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          <isin value="US6680743050"/>
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        <balance>1325.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>79274.75000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENPRO INDUSTRIES INC</name>
        <lei>549300Y5CFT2LKCFDN54</lei>
        <title>ENPRO INDUSTRIES INC 0.00000000</title>
        <cusip>29355X107</cusip>
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          <isin value="US29355X1072"/>
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        <balance>940.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37205.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLUMBIA BANKING SYSTEM INC</name>
        <lei>N/A</lei>
        <title>COLUMBIA BANKING SYSTEM INC 0.00000000</title>
        <cusip>197236102</cusip>
        <identifiers>
          <isin value="US1972361026"/>
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        <balance>1616.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>43308.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VIASAT INC</name>
        <lei>N/A</lei>
        <title>VIASAT INC 0.00000000</title>
        <cusip>92552V100</cusip>
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          <isin value="US92552V1008"/>
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        <balance>538.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19324.96000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PEOPLES BANCORP INC</name>
        <lei>N/A</lei>
        <title>PEOPLES BANCORP INC 0.00000000</title>
        <cusip>709789101</cusip>
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          <isin value="US7097891011"/>
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        <balance>2640.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>58476.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PARK HOTELS &amp; RESORTS INC</name>
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        <balance>1229.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILLIAMS-SONOMA INC</name>
        <lei>N/A</lei>
        <title>WILLIAMS-SONOMA INC 0.00000000</title>
        <cusip>969904101</cusip>
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          <isin value="US9699041011"/>
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        <balance>880.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SABRA HEALTH CARE REIT INC</name>
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          <isin value="US78573L1061"/>
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        <balance>3901.00000000</balance>
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        <assetCat>RE</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IDACORP INC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>NANOSTRING TECHNOLOGIES INC</name>
        <lei>N/A</lei>
        <title>NANOSTRING TECHNOLOGIES INC 0.00000000</title>
        <cusip>63009R109</cusip>
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          <isin value="US63009R1095"/>
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        <balance>920.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>II-VI INC</name>
        <lei>N/A</lei>
        <title>II-VI INC 0.00000000</title>
        <cusip>902104108</cusip>
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        <balance>1690.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48165.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COHU INC</name>
        <lei>529900FJPORJ3JJ2XS33</lei>
        <title>COHU INC 0.00000000</title>
        <cusip>192576106</cusip>
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          <isin value="US1925761066"/>
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        <balance>2363.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AAR CORP</name>
        <lei>N/A</lei>
        <title>AAR CORP 0.00000000</title>
        <cusip>000361105</cusip>
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        <balance>1269.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22537.44000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CROSSAMERICA PARTNERS LP</name>
        <lei>N/A</lei>
        <title>CROSSAMERICA PARTNERS LP 0.00000000</title>
        <cusip>22758A105</cusip>
        <identifiers>
          <isin value="US22758A1051"/>
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        <balance>3551.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28621.06000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FLUSHING FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>FLUSHING FINANCIAL CORP 0.00000000</title>
        <cusip>343873105</cusip>
        <identifiers>
          <isin value="US3438731057"/>
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        <balance>3670.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49031.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAPRI HOLDINGS LTD</name>
        <lei>549300LPG8W0H1OX3A26</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HIGHWOODS PROPERTIES INC</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>POLYONE CORPORATION</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN EQUITY INVT LIFE HL</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SONIC AUTOMOTIVE INC-CLASS A</name>
        <lei>N/A</lei>
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          <isin value="US83545G1022"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MATRIX SERVICE CO</name>
        <lei>N/A</lei>
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          <isin value="US5768531056"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MEDICAL PROPERTIES TRUST INC</name>
        <lei>N/A</lei>
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          <isin value="US58463J3041"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAYLOR MORRISON HOME CORP</name>
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          <isin value="US87724P1066"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BROOKLINE BANCORP INC</name>
        <lei>N/A</lei>
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          <isin value="US11373M1071"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ANIXTER INTERNATIONAL INC</name>
        <lei>N/A</lei>
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          <isin value="US0352901054"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>STERLING BANCORP/DE</name>
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          <isin value="US85917A1007"/>
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        <fairValLevel>1</fairValLevel>
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        <name>PERSPECTA INC</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SYNEOS HEALTH INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INVESTORS BANCORP INC</name>
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        <name>NORTHFIELD BANCORP INC</name>
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        <name>ALEXANDER'S INC</name>
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        <name>VECTOR GROUP LTD</name>
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        <name>MKS INSTRUMENTS INC</name>
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        <name>FIRST INTERSTATE BANCSYS-A</name>
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        <name>ESSENT GROUP LTD</name>
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        <name>TEGNA INC</name>
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        <name>GEO GROUP INC/THE</name>
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        <name>CLEVELAND-CLIFFS INC</name>
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        <name>VERICEL CORP</name>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRIMSON WINE GROUP LTD</name>
        <lei>N/A</lei>
        <title>CRIMSON WINE GROUP LTD 0.00000000</title>
        <cusip>22662X100</cusip>
        <identifiers>
          <isin value="US22662X1000"/>
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        <balance>15220.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88960.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GREAT SOUTHERN BANCORP INC</name>
        <lei>5493000ZL7DLNMN1AB26</lei>
        <title>GREAT SOUTHERN BANCORP INC 0.00000000</title>
        <cusip>390905107</cusip>
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          <isin value="US3909051076"/>
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        <balance>1345.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54338.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VSE CORP</name>
        <lei>N/A</lei>
        <title>VSE CORP 0.00000000</title>
        <cusip>918284100</cusip>
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          <isin value="US9182841000"/>
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        <balance>4007.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65674.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JBG SMITH PROPERTIES</name>
        <lei>N/A</lei>
        <title>JBG SMITH PROPERTIES 0.00000000</title>
        <cusip>46590V100</cusip>
        <identifiers>
          <isin value="US46590V1008"/>
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        <balance>2313.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73622.79000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SUPERNUS PHARMACEUTICALS INC</name>
        <lei>N/A</lei>
        <title>SUPERNUS PHARMACEUTICALS INC 0.00000000</title>
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          <isin value="US8684591089"/>
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        <balance>4716.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>84840.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SPIRE INC</name>
        <lei>N/A</lei>
        <title>SPIRE INC 0.00000000</title>
        <cusip>84857L101</cusip>
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          <isin value="US84857L1017"/>
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        <balance>993.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>73958.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ICF INTERNATIONAL INC</name>
        <lei>N/A</lei>
        <title>ICF INTERNATIONAL INC 0.00000000</title>
        <cusip>44925C103</cusip>
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          <isin value="US44925C1036"/>
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        <balance>300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20610.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>KRATOS DEFENSE &amp; SECURITY</name>
        <lei>N/A</lei>
        <title>KRATOS DEFENSE &amp; SECURITY 0.00000000</title>
        <cusip>50077B207</cusip>
        <identifiers>
          <isin value="US50077B2079"/>
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        <balance>3555.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49201.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>INDUSTRIAL LOGISTICS PROPERT</name>
        <lei>N/A</lei>
        <title>INDUSTRIAL LOGISTICS PROPERT 0.00000000</title>
        <cusip>456237106</cusip>
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          <isin value="US4562371066"/>
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        <balance>3831.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>67195.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENCORE WIRE CORP</name>
        <lei>N/A</lei>
        <title>ENCORE WIRE CORP 0.00000000</title>
        <cusip>292562105</cusip>
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          <isin value="US2925621052"/>
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        <balance>2757.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>115766.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRYN MAWR BANK CORP</name>
        <lei>N/A</lei>
        <title>BRYN MAWR BANK CORP 0.00000000</title>
        <cusip>117665109</cusip>
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          <isin value="US1176651099"/>
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        <balance>3188.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90475.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRICO BANCSHARES</name>
        <lei>N/A</lei>
        <title>TRICO BANCSHARES 0.00000000</title>
        <cusip>896095106</cusip>
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          <isin value="US8960951064"/>
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        <balance>2161.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>64441.02000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANNER CORPORATION</name>
        <lei>N/A</lei>
        <title>BANNER CORPORATION 0.00000000</title>
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          <isin value="US06652V2088"/>
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        <balance>2762.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>91256.48000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SYNNEX CORP</name>
        <lei>N/A</lei>
        <title>SYNNEX CORP 0.00000000</title>
        <cusip>87162W100</cusip>
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          <isin value="US87162W1009"/>
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        <balance>1200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>87720.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PNM RESOURCES INC</name>
        <lei>N/A</lei>
        <title>PNM RESOURCES INC 0.00000000</title>
        <cusip>69349H107</cusip>
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          <isin value="US69349H1077"/>
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        <balance>2622.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99636.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACADIA HEALTHCARE CO INC</name>
        <lei>5493005CW985Y9D0NC11</lei>
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        <cusip>00404A109</cusip>
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        <balance>1923.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35287.05000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STOCK YARDS BANCORP INC</name>
        <lei>549300YERP9H5TDIQW16</lei>
        <title>STOCK YARDS BANCORP INC 0.00000000</title>
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        <balance>6398.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHWEST NATURAL HOLDING CO</name>
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        <title>NORTHWEST NATURAL HOLDING CO 0.00000000</title>
        <cusip>66765N105</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SEQUANS COMMUNICATIONS-ADR</name>
        <lei>N/A</lei>
        <title>SEQUANS COMMUNICATIONS-ADR 0.00000000</title>
        <cusip>817323207</cusip>
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          <isin value="US8173232070"/>
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        <balance>5341.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PBF ENERGY INC-CLASS A</name>
        <lei>N/A</lei>
        <title>PBF ENERGY INC-CLASS A 0.00000000</title>
        <cusip>69318G106</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CARDTRONICS PLC - A</name>
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        <title>CARDTRONICS PLC - A 0.00000000</title>
        <cusip>G1991C105</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AVISTA CORP</name>
        <lei>N/A</lei>
        <title>AVISTA CORP 0.00000000</title>
        <cusip>05379B107</cusip>
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        <balance>2775.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LUMENTUM HOLDINGS INC</name>
        <lei>549300JLWRRC38DWEF52</lei>
        <title>LUMENTUM HOLDINGS INC 0.00000000</title>
        <cusip>55024U109</cusip>
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        <balance>836.00000000</balance>
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        <valUSD>61613.20000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>URSTADT BIDDLE - CLASS A</name>
        <lei>549300XXD0YL0AER3Z82</lei>
        <title>URSTADT BIDDLE - CLASS A 0.00000000</title>
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        <balance>1372.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19345.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>RE</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>WINTRUST FINANCIAL CORP</name>
        <lei>N/A</lei>
        <title>WINTRUST FINANCIAL CORP 0.00000000</title>
        <cusip>97650W108</cusip>
        <identifiers>
          <isin value="US97650W1080"/>
        </identifiers>
        <balance>511.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16791.46000000</valUSD>
        <pctVal>0.221478286078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>2020-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Mutual of America Institutional Funds Inc.</ncom:nameOfApplicant>
      <ncom:signature>Christopher M. Miseo </ncom:signature>
      <ncom:signerName>Christopher M. Miseo </ncom:signerName>
      <ncom:title>Senior Vice President and Chief Accounting Officer </ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
