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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Old Market Capital Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RF Industries Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Seven Hills Realty Trust</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Outset Medical, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CoastalSouth Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ATN International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LINKBANCORP, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Southland Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NewtekOne, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>US Energy Corp.</name>
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        <title>US Energy Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>FuelCell Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Solid Biosciences, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Solesence, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Equity Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Silvaco Group, Inc.</name>
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        <name>Southern First Bancshares, Inc.</name>
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        <name>Cerus Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Universal Logistics Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Koppers Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Heron Therapeutics, Inc.</name>
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        <title>Heron Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>SB Financial Group, Inc.</name>
        <lei>54930028E6P8OT8CTV58</lei>
        <title>SB Financial Group, Inc.</title>
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        <name>aka Brands Holding Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Great Lakes Dredge &amp; Dock Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>908 Devices, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Research Solutions, Inc.</name>
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        <name>Bayfirst Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>First National Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Franklin Covey Co.</name>
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        <name>Vuzix Corp.</name>
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        <name>Kopin Corp.</name>
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        <name>Alumis, Inc.</name>
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        <name>Bed Bath &amp; Beyond, Inc.</name>
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        <name>Maxeon Solar Technologies Ltd.</name>
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        <name>Quantum-Si, Inc.</name>
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        <name>America's Car-Mart, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Universal Health Realty Income Trust</name>
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        <name>First Bank</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Contango ORE, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Blue Ridge Bankshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gannett Co., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Wrap Technologies, Inc.</name>
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        <title>Wrap Technologies, Inc.</title>
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          <isin value="US98212N1072"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Solid Power, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sterling Bancorp, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>89bio, Inc.</name>
        <lei>N/A</lei>
        <title>89bio, Inc.</title>
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          <isin value="US2825591033"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Utah Medical Products, Inc.</name>
        <lei>5493002R27BBGV8DID60</lei>
        <title>Utah Medical Products, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Hycroft Mining Holding Corp.</name>
        <lei>N/A</lei>
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          <isin value="US44862P2083"/>
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        <fairValLevel>1</fairValLevel>
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        <name>AmpliTech Group, Inc.</name>
        <lei>N/A</lei>
        <title>AmpliTech Group, Inc.</title>
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          <isin value="US03211Q2003"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Viemed Healthcare, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Northpointe Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>REX American Resources Corp.</name>
        <lei>N/A</lei>
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          <isin value="US7616241052"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Cibus, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>California Bancorp</name>
        <lei>549300Z6CP542EI9L684</lei>
        <title>California Bancorp</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Regional Management Corp.</name>
        <lei>549300S5O87W87JW4146</lei>
        <title>Regional Management Corp.</title>
        <cusip>75902K106</cusip>
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          <isin value="US75902K1060"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Arteris, Inc.</name>
        <lei>N/A</lei>
        <title>Arteris, Inc.</title>
        <cusip>04302A104</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>ADTRAN Holdings, Inc.</name>
        <lei>549300VV36J86CRRWF77</lei>
        <title>ADTRAN Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Amylyx Pharmaceuticals, Inc.</name>
        <lei>N/A</lei>
        <title>Amylyx Pharmaceuticals, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tilly's, Inc.</name>
        <lei>N/A</lei>
        <title>Tilly's, Inc., Class A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Century Casinos, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AstroNova, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Trinseo plc</name>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Princeton Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Potbelly Corp.</name>
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        <title>Potbelly Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Lakeland Industries, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Live Ventures, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FONAR Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Orchid Island Capital, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Oramed Pharmaceuticals, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>MediciNova, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Coda Octopus Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Genasys, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Park-Ohio Holdings Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Radiant Logistics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OS Therapies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Grid Dynamics Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Clearfield, Inc.</name>
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        <title>Clearfield, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Limbach Holdings, Inc.</name>
        <lei>254900EW8KXT5ZTWQI30</lei>
        <title>Limbach Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Skye Bioscience, Inc.</name>
        <lei>5493004823BTPRPZ8750</lei>
        <title>Skye Bioscience, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Global Self Storage, Inc.</name>
        <lei>N/A</lei>
        <title>Global Self Storage, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Design Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Design Therapeutics, Inc.</title>
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        <name>Superior Group of Cos., Inc.</name>
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        <title>Superior Group of Cos., Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Aeluma, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>IZEA Worldwide, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Optinose, Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>OptimumBank Holdings, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Strattec Security Corp.</name>
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        <title>Strattec Security Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Heritage Global, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>American Superconductor Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bridgewater Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Northfield Bancorp, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>World Acceptance Corp.</name>
        <lei>N/A</lei>
        <title>World Acceptance Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>flyExclusive, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pangaea Logistics Solutions Ltd.</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Energy Services of America Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Titan International, Inc.</name>
        <lei>254900CXRGBE7C4B5A06</lei>
        <title>Titan International, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Pioneer Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Groupon, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Universal Electronics, Inc.</name>
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        <title>Universal Electronics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Angel Oak Mortgage REIT, Inc.</name>
        <lei>5493008M8D7W7VZZ7V36</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Farmers &amp; Merchants Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ACRES Commercial Realty Corp.</name>
        <lei>549300RUJWPCMY4JFR46</lei>
        <title>ACRES Commercial Realty Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nurix Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Nurix Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Immuneering Corp.</name>
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        <name>Zedge, Inc.</name>
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        <name>Natural Grocers by Vitamin Cottage, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Graham Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>BlackRock Funds III</name>
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        <name>BK Technologies Corp.</name>
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        <name>Applied Digital Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Dave, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ames National Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Colony Bankcorp, Inc.</name>
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        <name>MediWound Ltd.</name>
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        <name>ReElement Technologies Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ON24, Inc.</name>
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        <name>Giftify, Inc.</name>
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        <name>Pro-Dex, Inc.</name>
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        <name>iRadimed Corp.</name>
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        <name>Hyster-Yale, Inc.</name>
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        <name>Community West Bancshares</name>
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        <name>TrustCo Bank Corp.</name>
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        <name>BioAge Labs, Inc.</name>
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        <name>Kelly Services, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ACCO Brands Corp.</name>
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        <name>WidePoint Corp.</name>
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        <name>MVB Financial Corp.</name>
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        <name>Forum Energy Technologies, Inc.</name>
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        <name>P3 Health Partners, Inc.</name>
        <lei>N/A</lei>
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        <name>eGain Corp.</name>
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        <name>EW Scripps Co. (The)</name>
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        <name>AMCON Distributing Co.</name>
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        <name>Metrocity Bankshares, Inc.</name>
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        <name>SI-BONE, Inc.</name>
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        <name>AmeriServ Financial, Inc.</name>
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        <name>Blue Bird Corp.</name>
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        <name>Quanterix Corp.</name>
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        <name>Cadrenal Therapeutics, Inc.</name>
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        <name>Ranger Energy Services, Inc.</name>
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        <name>Designer Brands, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Fate Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Investors Title Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Franklin Wireless Corp.</name>
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        <name>OppFi, Inc.</name>
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        <name>Where Food Comes From, Inc.</name>
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        <name>Bank of Marin Bancorp</name>
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        <name>Caesarstone Ltd.</name>
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        <name>Flotek Industries, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Beauty Health Co. (The)</name>
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        <name>Clearwater Paper Corp.</name>
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        <name>Johnson Outdoors, Inc.</name>
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        <name>Ventyx Biosciences, Inc.</name>
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        <name>N/A</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Envela Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Cooper-Standard Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>UroGen Pharma Ltd.</name>
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        <name>L B Foster Co.</name>
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        <name>Seres Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kyverna Therapeutics, Inc.</name>
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        <title>Kyverna Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>NextNRG, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>American Battery Technology Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Hanover Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Comstock, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Byline Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Surf Air Mobility, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CytoSorbents Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>First Business Financial Services, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Claritev Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>aTyr Pharma, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>First Savings Financial Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Rithm Property Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>vTv Therapeutics, Inc.</name>
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        <name>Kezar Life Sciences, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DocGo, Inc.</name>
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        <name>First Internet Bancorp</name>
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        <name>Priority Technology Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>W&amp;T Offshore, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Rain Enhancement Technologies Holdco, Inc.</name>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Golden Matrix Group, Inc.</name>
        <lei>549300NOYXJNQRSL5G70</lei>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>SKYX Platforms Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Unisys Corp.</name>
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        <name>Atlanticus Holdings Corp.</name>
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        <name>Bioventus, Inc.</name>
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        <name>Atlantic International Corp.</name>
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        <name>Genelux Corp.</name>
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        <name>Global Water Resources, Inc.</name>
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        <name>Selectquote, Inc.</name>
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        <name>Nexxen International Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Summit Midstream Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>European Wax Center, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gain Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MBX Biosciences, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AudioEye, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>SkyWater Technology, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Investar Holding Corp.</name>
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        <title>Investar Holding Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Quince Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DMC Global, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Annexon, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>IDT Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Aware, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Immersion Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Health Catalyst, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sky Harbour Group Corp.</name>
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        <name>Precision BioSciences, Inc.</name>
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        <title>Precision BioSciences, Inc.</title>
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        <name>Black Diamond Therapeutics, Inc.</name>
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        <title>Black Diamond Therapeutics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>ConnectOne Bancorp, Inc.</name>
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        <title>ConnectOne Bancorp, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First Community Corp.</name>
        <lei>549300TC167ECI9SMC70</lei>
        <title>First Community Corp.</title>
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        <name>Clipper Realty, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Entravision Communications Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Prairie Operating Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>United-Guardian, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GCT Semiconductor Holding, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Franklin Street Properties Corp.</name>
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        <name>Sleep Number Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Domo, Inc.</name>
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        <name>Ichor Holdings Ltd.</name>
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        <name>CoreCard Corp.</name>
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        <name>Ascent Industries Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Transcat, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Townsquare Media, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Flexible Solutions International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ducommun, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Assembly Biosciences, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Hackett Group, Inc. (The)</name>
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        <name>Willis Lease Finance Corp.</name>
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        <name>AerSale Corp.</name>
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        <name>BayCom Corp.</name>
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        <name>Finance of America Cos., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bowman Consulting Group Ltd.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Journey Medical Corp.</name>
        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Better Home &amp; Finance Holding Co.</name>
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        <title>Better Home &amp; Finance Holding Co.</title>
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          <isin value="US08774B5084"/>
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        <balance>12098.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Regis Corp.</name>
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        <title>Regis Corp.</title>
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          <isin value="US7589322061"/>
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        <balance>4825.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Immix Biopharma, Inc.</name>
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        <title>Immix Biopharma, Inc.</title>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Insteel Industries, Inc.</name>
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        <title>Insteel Industries, Inc.</title>
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        <balance>43559.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OP Bancorp</name>
        <lei>549300LTYZMS0Q13U522</lei>
        <title>OP Bancorp</title>
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          <isin value="US67109R1095"/>
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        <balance>27439.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>381950.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ferroglobe plc</name>
        <lei>2138005GCFJACFTZUD90</lei>
        <title>Ferroglobe plc</title>
        <cusip>N/A</cusip>
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          <isin value="GB00BYW6GV68"/>
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        <balance>277015.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>FB Bancorp, Inc.</name>
        <lei>N/A</lei>
        <title>FB Bancorp, Inc.</title>
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          <isin value="US31425A1097"/>
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        <balance>41190.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pulmonx Corp.</name>
        <lei>549300WZMFR0ZK7RJY40</lei>
        <title>Pulmonx Corp.</title>
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          <isin value="US7458481014"/>
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        <balance>90640.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>146836.80000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Auburn National BanCorp, Inc.</name>
        <lei>N/A</lei>
        <title>Auburn National Bancorp, Inc.</title>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>NI Holdings, Inc.</name>
        <lei>549300LLJVCO2EGU3180</lei>
        <title>NI Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Alector, Inc.</name>
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        <title>Alector, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Elutia, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Franklin Financial Services Corp.</name>
        <lei>N/A</lei>
        <title>Franklin Financial Services Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lee Enterprises, Inc.</name>
        <lei>N/A</lei>
        <title>Lee Enterprises, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Hovnanian Enterprises, Inc.</name>
        <lei>549300805N4EF0ROBT53</lei>
        <title>Hovnanian Enterprises, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First US Bancshares, Inc.</name>
        <lei>54930017QY1V8LM2TC68</lei>
        <title>First US Bancshares, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Orthofix Medical, Inc.</name>
        <lei>N/A</lei>
        <title>Orthofix Medical, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>First Western Financial, Inc.</name>
        <lei>549300PPOGX4C7S66B47</lei>
        <title>First Western Financial, Inc.</title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Flexsteel Industries, Inc.</name>
        <lei>894500J5Y3ZZOOJXXN24</lei>
        <title>Flexsteel Industries, Inc.</title>
        <cusip>339382103</cusip>
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        <balance>8561.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Tvardi Therapeutics, Inc.</name>
        <lei>549300COVOY41P0GZ881</lei>
        <title>Tvardi Therapeutics, Inc.</title>
        <cusip>140755307</cusip>
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          <isin value="US1407553072"/>
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        <name>OrthoPediatrics Corp.</name>
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        <name>Electromed, Inc.</name>
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        <name>Western New England Bancorp, Inc.</name>
        <lei>549300Y8QE4EI2LP6B42</lei>
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        <name>Norwood Financial Corp.</name>
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        <name>Ikena Oncology Securities Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GoHealth, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Applied Optoelectronics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Safe Bulkers, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Peoples Financial Services Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Eagle Bancorp Montana, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GSI Technology, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sanara Medtech, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Beyond Meat, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Rave Restaurant Group, Inc.</name>
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        <name>MainStreet Bancshares, Inc.</name>
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        <name>Primis Financial Corp.</name>
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        <name>Cryo-Cell International, Inc.</name>
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        <name>Virco Mfg. Corp.</name>
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        <name>Cadiz, Inc.</name>
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        <name>LENZ Therapeutics, Inc.</name>
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        <name>Agenus, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Jasper Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Jasper Therapeutics, Inc.</title>
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        <name>Eastern Co. (The)</name>
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        <name>Ouster, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Smith-Midland Corp.</name>
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        <name>BRT Apartments Corp.</name>
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        <name>Legacy Education, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Rezolve AI plc</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Zymeworks, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Costamare Bulkers Holdings Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Eastman Kodak Co.</name>
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        <name>Community Trust Bancorp, Inc.</name>
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        <name>Coya Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Identiv, Inc.</name>
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        <title>Identiv, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>First United Corp.</name>
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        <title>First United Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Artiva Biotherapeutics, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>C&amp;F Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bankwell Financial Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lifecore Biomedical, Inc.</name>
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        <title>Lifecore Biomedical, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Aether Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Kolibri Global Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Marchex, Inc.</name>
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        <name>Capital Bancorp, Inc.</name>
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        <name>Armlogi Holding Corp.</name>
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        <name>Saga Communications, Inc.</name>
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        <name>Tejon Ranch Co.</name>
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        <name>PDS Biotechnology Corp.</name>
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        <title>PDS Biotechnology Corp.</title>
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        <name>QuinStreet, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CTO Realty Growth, Inc.</name>
        <lei>254900ZQ99OFO1WXS678</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Fatpipe, Inc.</name>
        <lei>N/A</lei>
        <title>Fatpipe, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Sono-Tek Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>IBEX Holdings Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>CECO Environmental Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>National Presto Industries, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>First Foundation, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Beazer Homes USA, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Stratus Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Build-A-Bear Workshop, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Prime Medicine, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Third Harmonic Bio, Inc.</name>
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        <name>Eledon Pharmaceuticals, Inc.</name>
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        <name>RCI Hospitality Holdings, Inc.</name>
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        <name>Firefly Neuroscience, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Comstock Holding Cos., Inc.</name>
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        <name>Outlook Therapeutics, Inc.</name>
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        <name>Patriot National Bancorp, Inc.</name>
        <lei>549300T1270P6QIGPD23</lei>
        <title>Patriot National Bancorp, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Knightscope, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Artivion, Inc.</name>
        <lei>549300YTKV8DMSMG6K81</lei>
        <title>Artivion, Inc.</title>
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        <name>Intellinetics, Inc.</name>
        <lei>N/A</lei>
        <title>Intellinetics, Inc.</title>
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        <name>Bridgford Foods Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Calavo Growers, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>PMV Pharmaceuticals, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Farmers National Banc Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hingham Institution for Savings (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Digital Turbine, Inc.</name>
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        <name>Virginia National Bankshares Corp.</name>
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        <name>Pagaya Technologies Ltd.</name>
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        <name>Mobile Infrastructure Corp.</name>
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        <name>Capricor Therapeutics, Inc.</name>
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        <name>I3 Verticals, Inc.</name>
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        <name>ACCESS Newswire, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Verastem, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Achieve Life Sciences, Inc.</name>
        <lei>549300V82ZKZDTAU0A46</lei>
        <title>Achieve Life Sciences, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Starz Entertainment Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Rezolute, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CareCloud, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AXIL Brands, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Red River Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pure Cycle Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Verde Clean Fuels, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Braemar Hotels &amp; Resorts, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Femasys, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>indie Semiconductor, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Epsilon Energy Ltd.</name>
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        <name>Modiv Industrial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Legacy Housing Corp.</name>
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        <name>Washington Trust Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dawson Geophysical Co.</name>
        <lei>549300R9G1EAMSMLXR09</lei>
        <title>Dawson Geophysical Co.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Quad/Graphics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Viant Technology, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bel Fuse, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Research Frontiers, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Escalade, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ideal Power, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Grove Collaborative Holdings</name>
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        <fairValLevel>1</fairValLevel>
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        <name>National CineMedia, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Logistic Properties of The Americas</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>C4 Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Butterfly Network, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Binah Capital Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Nordic American Tankers Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Talkspace, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Yext, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Optex Systems Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NCS Multistage Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Zynex, Inc.</name>
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        <name>CorMedix, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BigBear.ai Holdings, Inc.</name>
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        <name>BlueLinx Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Weyco Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Perma-Fix Environmental Services, Inc.</name>
        <lei>54930015OVD1T5P12U15</lei>
        <title>Perma-Fix Environmental Services, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Lument Finance Trust, Inc.</name>
        <lei>5493002OB7SJ4MVQY666</lei>
        <title>Lument Finance Trust, Inc.</title>
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        <name>Heritage Commerce Corp.</name>
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        <name>Liquidia Corp.</name>
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        <name>1-800-Flowers.com, Inc.</name>
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        <name>Bassett Furniture Industries, Inc.</name>
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        <name>Anteris Technologies Global Corp.</name>
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        <name>NVE Corp.</name>
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        <name>Personalis, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Silvercrest Asset Management Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NETGEAR, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dime Community Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ImageneBio, Inc.</name>
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        <name>United Fire Group, Inc.</name>
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        <name>Core Molding Technologies, Inc.</name>
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        <name>Rani Therapeutics Holdings, Inc.</name>
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        <name>AirJoule Technologies Corp.</name>
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        <name>Village Super Market, Inc.</name>
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        <name>Fulcrum Therapeutics, Inc.</name>
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        <name>VirnetX Holding Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Tonix Pharmaceuticals Holding Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Cartesian Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>United Homes Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RCM Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Alta Equipment Group, Inc.</name>
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        <name>Joint Corp. (The)</name>
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        <name>Contra CVR Catalyst, CVR</name>
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        <name>HF Foods Group, Inc.</name>
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        <name>Lantern Pharma, Inc.</name>
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        <name>Forafric Global plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ASP Isotopes, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Titan Machinery, Inc.</name>
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        <name>Park Aerospace Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Encore Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Blue Foundry Bancorp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Torrid Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gaia, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Anixa Biosciences, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bit Digital, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sierra Bancorp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Anika Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>JAKKS Pacific, Inc.</name>
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        <name>Caleres, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bally's Corp.</name>
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        <title>Bally's Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Genie Energy Ltd.</name>
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        <name>Nerdy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gossamer Bio, Inc.</name>
        <lei>549300ZOC0N2W6PSFR58</lei>
        <title>Gossamer Bio, Inc.</title>
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        <name>Lifeway Foods, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>scPharmaceuticals, Inc.</name>
        <lei>549300F55SN4ZR2OA180</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Crexendo, Inc.</name>
        <lei>N/A</lei>
        <title>Crexendo, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Unity Bancorp, Inc.</name>
        <lei>549300Q90ZRNUR65PL93</lei>
        <title>Unity Bancorp, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Provident Financial Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Provident Financial Holdings, Inc.</title>
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        <name>Cherry Hill Mortgage Investment Corp.</name>
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        <name>Ampco-Pittsburgh Corp.</name>
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        <name>Quanex Building Products Corp.</name>
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        <name>Haverty Furniture Cos., Inc.</name>
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        <name>American Infrastructure Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Unifi, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Powerfleet, Inc.</name>
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        <title>Powerfleet, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Hamilton Beach Brands Holding Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MicroVision, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sanofi Aatd, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Amtech Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sachem Capital Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>J Jill, Inc.</name>
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        <title>J Jill, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Matrix Service Co.</name>
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        <title>Matrix Service Co.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Willdan Group, Inc.</name>
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        <title>Willdan Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Exagen, Inc.</name>
        <lei>549300JV2CYDOME5OO17</lei>
        <title>Exagen, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Ennis, Inc.</name>
        <lei>N/A</lei>
        <title>Ennis, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Oil States International, Inc.</name>
        <lei>5493004TF4KQJGMYL777</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Forge Global Holdings, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Heritage Insurance Holdings, Inc.</name>
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        <title>Heritage Insurance Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>authID, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Usio, Inc.</name>
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        <name>Strawberry Fields REIT, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Carriage Services, Inc.</name>
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        <name>Foxx Development Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>South Plains Financial, Inc.</name>
        <lei>549300SNEBP48642N493</lei>
        <title>South Plains Financial, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cineverse Corp.</name>
        <lei>549300QPGXUR8OY7KD24</lei>
        <title>Cineverse Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Ivanhoe Electric, Inc.</name>
        <lei>N/A</lei>
        <title>Ivanhoe Electric, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Perpetua Resources Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Limoneira Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Tyra Biosciences, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Home Bancorp, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Thryv Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Movado Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Zeo Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Evolution Petroleum Corp.</name>
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        <name>American Integrity Insurance Group, Inc.</name>
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        <name>SWK Holdings Corp.</name>
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        <name>Vroom, Inc.</name>
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        <name>Nuvectis Pharma, Inc.</name>
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        <name>AMREP Corp.</name>
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        <name>Akebia Therapeutics, Inc.</name>
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        <name>FrontView REIT, Inc.</name>
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        <name>Maze Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MiMedx Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AngioDynamics, Inc.</name>
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        <title>AngioDynamics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Fennec Pharmaceuticals, Inc.</name>
        <lei>5299003IE70ITO2CBM73</lei>
        <title>Fennec Pharmaceuticals, Inc.</title>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Anavex Life Sciences Corp.</name>
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        <name>American Vanguard Corp.</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M-Tron Industries, Inc.</name>
        <lei>N/A</lei>
        <title>M-Tron Industries, Inc.</title>
        <cusip>55380K109</cusip>
        <identifiers>
          <isin value="US55380K1097"/>
          <other otherDesc="Inhouse Asset ID" value="55380K109"/>
        </identifiers>
        <balance>5684.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>315348.32000000</valUSD>
        <pctVal>0.032014130318</pctVal>
        <payoffProfile>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="5548.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Plymouth Industrial REIT, Inc.</name>
        <lei>N/A</lei>
        <title>Plymouth Industrial REIT, Inc.</title>
        <cusip>729640102</cusip>
        <identifiers>
          <isin value="US7296401026"/>
          <other otherDesc="Inhouse Asset ID" value="729640102"/>
        </identifiers>
        <balance>95787.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2138923.71000000</valUSD>
        <pctVal>0.217143323905</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Sportsman's Warehouse Holdings, Inc.</name>
        <lei>549300JVV8YLQSRSF462</lei>
        <title>Sportsman's Warehouse Holdings, Inc.</title>
        <cusip>84920Y106</cusip>
        <identifiers>
          <isin value="US84920Y1064"/>
          <other otherDesc="Inhouse Asset ID" value="84920Y106"/>
        </identifiers>
        <balance>86435.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>239424.95000000</valUSD>
        <pctVal>0.024306397290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>Shoulder Innovations, Inc.</name>
        <lei>N/A</lei>
        <title>Shoulder Innovations, Inc.</title>
        <cusip>82537J108</cusip>
        <identifiers>
          <isin value="US82537J1088"/>
          <other otherDesc="Inhouse Asset ID" value="82537J108"/>
        </identifiers>
        <balance>10921.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137058.55000000</valUSD>
        <pctVal>0.013914170466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ImmuCell Corp.</name>
        <lei>5493003G4YVJPVDW6U67</lei>
        <title>ImmuCell Corp.</title>
        <cusip>452525306</cusip>
        <identifiers>
          <isin value="US4525253062"/>
          <other otherDesc="Inhouse Asset ID" value="452525306"/>
        </identifiers>
        <balance>14504.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93840.88000000</valUSD>
        <pctVal>0.009526716874</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
      
      <explntrNote note="This amendment reflects updates to the Securities on Loan information reported in Item C.12.c. The values have now been corrected to ensure accurate reporting." noteItem="C.12.c"/>
      <explntrNote note="Monthly returns presented in B.5.a have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
