<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>
      
      <filer>
        <issuerCredentials>
          <cik>0001750821</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      
      <seriesClassInfo>
        <seriesId>S000085358</seriesId>
        <classId>C000250358</classId>
      </seriesClassInfo>
      
    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Exchange Place Advisors Trust</regName>
      <regFileNumber>811-23373</regFileNumber>
      <regCik>0001750821</regCik>
      <regLei>549300K2CKCXH4E67T58</regLei>
      <regStreet1>200 West Madison St</regStreet1>
      <regStreet2>Suite 2610</regStreet2>
      <regCity>Chicago</regCity>
      <regStateConditional regCountry="US" regState="US-IL"/>
      <regZipOrPostalCode>60606</regZipOrPostalCode>
      <regPhone>312-857-2160</regPhone>
      <seriesName>NORTH SQUARE KENNEDY MICROCAP FUND</seriesName>
      <seriesId>S000085358</seriesId>
      <seriesLei>254900BMXJBHAAW6B729</seriesLei>
      <repPdEnd>2026-05-31</repPdEnd>
      <repPdDate>2026-05-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>33019511.02</totAssets>
      <totLiabs>74503.70</totLiabs>
      <netAssets>32945007.32</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>0.00</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000250358" rtn1="-4.30974000" rtn2="11.14507040" rtn3="3.43403780"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="208058.23000000" netUnrealizedAppr="-1531291.78000000"/>
        <othMon2 netRealizedGain="357817.05000000" netUnrealizedAppr="2724720.79000000"/>
        <othMon3 netRealizedGain="356957.57000000" netUnrealizedAppr="729365.54000000"/>
      </returnInfo>
      <mon1Flow redemption="532439.83000000" reinvestment="0.00000000" sales="1229932.32000000"/>
      <mon2Flow redemption="1357365.36000000" reinvestment="0.00000000" sales="681801.09000000"/>
      <mon3Flow redemption="340034.19000000" reinvestment="0.00000000" sales="555781.74000000"/>
      
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>ACM RESEARCH INC</name>
        <lei>549300MCTENUWL2GJL61</lei>
        <title>ACM Research, Inc. </title>
        <cusip>00108J109</cusip>
        <identifiers>
          <isin value="US00108J1097"/>
        </identifiers>
        <balance>1431.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>123867.36000000</valUSD>
        <pctVal>0.375982189947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>AZZ INC</name>
        <lei>549300HD1X2NFLWPYC83</lei>
        <title>AZZ, Inc. </title>
        <cusip>002474104</cusip>
        <identifiers>
          <isin value="US0024741045"/>
        </identifiers>
        <balance>1018.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137949.18000000</valUSD>
        <pctVal>0.418725601303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ABACUS GLOBAL MANAGEMENT INC</name>
        <lei>N/A</lei>
        <title>Abacus Global Management, Inc. </title>
        <cusip>00258Y104</cusip>
        <identifiers>
          <isin value="US00258Y1047"/>
        </identifiers>
        <balance>21905.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>196706.90000000</valUSD>
        <pctVal>0.597076510226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ABEONA THERAPEUTICS INC</name>
        <lei>54930002Z8PIJRCB4576</lei>
        <title>Abeona Therapeutics, Inc. </title>
        <cusip>00289Y206</cusip>
        <identifiers>
          <isin value="US00289Y2063"/>
        </identifiers>
        <balance>34219.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197785.82000000</valUSD>
        <pctVal>0.600351422231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ADAPTIVE BIOTECHNOLOGIES CORP</name>
        <lei>549300ZTF7OT1FW66Q96</lei>
        <title>Adaptive Biotechnologies Corporation </title>
        <cusip>00650F109</cusip>
        <identifiers>
          <isin value="US00650F1093"/>
        </identifiers>
        <balance>16879.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>255716.85000000</valUSD>
        <pctVal>0.776193028328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ADAPTHEALTH CORP</name>
        <lei>N/A</lei>
        <title>AdaptHealth Corporation </title>
        <cusip>00653Q102</cusip>
        <identifiers>
          <isin value="US00653Q1022"/>
        </identifiers>
        <balance>35367.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>358267.71000000</valUSD>
        <pctVal>1.087471939283</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ADDUS HOMECARE CORP</name>
        <lei>52990090ZT33AKPDBX62</lei>
        <title>Addus HomeCare Corporation </title>
        <cusip>006739106</cusip>
        <identifiers>
          <isin value="US0067391062"/>
        </identifiers>
        <balance>1409.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>129177.12000000</valUSD>
        <pctVal>0.392099229923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ADEIA INC</name>
        <lei>N/A</lei>
        <title>Adeia, Inc. </title>
        <cusip>00676P107</cusip>
        <identifiers>
          <isin value="US00676P1075"/>
        </identifiers>
        <balance>6936.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>185329.92000000</valUSD>
        <pctVal>0.562543265508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>AEHR TEST SYSTEMS INC</name>
        <lei>529900A4GWWZFRU2RE97</lei>
        <title>Aehr Test Systems </title>
        <cusip>00760J108</cusip>
        <identifiers>
          <isin value="US00760J1088"/>
        </identifiers>
        <balance>1433.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>132308.89000000</valUSD>
        <pctVal>0.401605283358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ANNEXON INC</name>
        <lei>N/A</lei>
        <title>Annexon, Inc. </title>
        <cusip>03589W102</cusip>
        <identifiers>
          <isin value="US03589W1027"/>
        </identifiers>
        <balance>23093.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>125164.06000000</valUSD>
        <pctVal>0.379918142935</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>APOGEE THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>Apogee Therapeutics, Inc. </title>
        <cusip>03770N101</cusip>
        <identifiers>
          <isin value="US03770N1019"/>
        </identifiers>
        <balance>1818.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>149330.52000000</valUSD>
        <pctVal>0.453272080195</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>APPLIED DIGITAL CORP</name>
        <lei>2549004NE2B6RYXINZ02</lei>
        <title>Applied Digital Corporation </title>
        <cusip>038169207</cusip>
        <identifiers>
          <isin value="US0381692070"/>
        </identifiers>
        <balance>6621.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>313040.88000000</valUSD>
        <pctVal>0.950192170119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>APPLIED OPTOELECTRONICS INC</name>
        <lei>529900I8U6Q5SYDNLT48</lei>
        <title>Applied Optoelectronics, Inc. </title>
        <cusip>03823U102</cusip>
        <identifiers>
          <isin value="US03823U1025"/>
        </identifiers>
        <balance>3746.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>593403.86000000</valUSD>
        <pctVal>1.801195107459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ARVINAS INC</name>
        <lei>N/A</lei>
        <title>Arvinas, Inc. </title>
        <cusip>04335A105</cusip>
        <identifiers>
          <isin value="US04335A1051"/>
        </identifiers>
        <balance>13596.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>122092.08000000</valUSD>
        <pctVal>0.370593573751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ASURE SOFTWARE INC</name>
        <lei>N/A</lei>
        <title>Asure Software, Inc. </title>
        <cusip>04649U102</cusip>
        <identifiers>
          <isin value="US04649U1025"/>
        </identifiers>
        <balance>19121.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>176869.25000000</valUSD>
        <pctVal>0.536862075282</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ATRICURE INC</name>
        <lei>254900B2I6GPHK2EXM59</lei>
        <title>AtriCure, Inc. </title>
        <cusip>04963C209</cusip>
        <identifiers>
          <isin value="US04963C2098"/>
        </identifiers>
        <balance>10731.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>296926.77000000</valUSD>
        <pctVal>0.901280024362</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>AUDIOEYE INC</name>
        <lei>5299005WRMZCSB2PT464</lei>
        <title>AudioEye, Inc. </title>
        <cusip>050734201</cusip>
        <identifiers>
          <isin value="US0507342014"/>
        </identifiers>
        <balance>29418.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>225930.24000000</valUSD>
        <pctVal>0.685779905299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>AVIAT NETWORKS INC</name>
        <lei>549300Z3X8Z4MK52CI65</lei>
        <title>Aviat Networks, Inc. </title>
        <cusip>05366Y201</cusip>
        <identifiers>
          <isin value="US05366Y2019"/>
        </identifiers>
        <balance>13464.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>239255.28000000</valUSD>
        <pctVal>0.726226215936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>AXCELIS TECHNOLOGIES INC</name>
        <lei>529900HF9B6NL1QG9F05</lei>
        <title>Axcelis Technologies, Inc. </title>
        <cusip>054540208</cusip>
        <identifiers>
          <isin value="US0545402085"/>
        </identifiers>
        <balance>425.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>63924.25000000</valUSD>
        <pctVal>0.194033194101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BARRETT BUSINESS SERVICES INC</name>
        <lei>529900HXB6TMG0SR9Y34</lei>
        <title>Barrett Business Services, Inc. </title>
        <cusip>068463108</cusip>
        <identifiers>
          <isin value="US0684631080"/>
        </identifiers>
        <balance>6253.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>203472.62000000</valUSD>
        <pctVal>0.617612914829</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BIOVENTUS INC</name>
        <lei>N/A</lei>
        <title>Bioventus, Inc. </title>
        <cusip>09075A108</cusip>
        <identifiers>
          <isin value="US09075A1088"/>
        </identifiers>
        <balance>19087.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>162430.37000000</valUSD>
        <pctVal>0.493034857823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>BRANCHOUT FOOD INC</name>
        <lei>54930001MFSOL2DPBF98</lei>
        <title>BranchOut Food, Inc. </title>
        <cusip>105230106</cusip>
        <identifiers>
          <isin value="US1052301066"/>
        </identifiers>
        <balance>190.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>655.50000000</valUSD>
        <pctVal>0.001989679327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CRA INTERNATIONAL INC</name>
        <lei>N/A</lei>
        <title>CRA International, Inc. </title>
        <cusip>12618T105</cusip>
        <identifiers>
          <isin value="US12618T1051"/>
        </identifiers>
        <balance>584.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81030.00000000</valUSD>
        <pctVal>0.245955325530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CANDEL THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>Candel Therapeutics, Inc. </title>
        <cusip>137404109</cusip>
        <identifiers>
          <isin value="US1374041093"/>
        </identifiers>
        <balance>4514.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37466.20000000</valUSD>
        <pctVal>0.113723453256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CAPITAL BANCORP INC (MARYLAND)</name>
        <lei>549300LQKYGWQ7VP0C75</lei>
        <title>Capital Bancorp, Inc. </title>
        <cusip>139737100</cusip>
        <identifiers>
          <isin value="US1397371006"/>
        </identifiers>
        <balance>12142.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>387572.64000000</valUSD>
        <pctVal>1.176422989485</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CARTER BANKSHARES INC</name>
        <lei>549300SO0M022D8D8358</lei>
        <title>Carter Bankshares, Inc. </title>
        <cusip>146103106</cusip>
        <identifiers>
          <isin value="US1461031064"/>
        </identifiers>
        <balance>12027.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>328337.10000000</valUSD>
        <pctVal>0.996621724229</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CASTLE BIOSCIENCES INC</name>
        <lei>2549007M2Q4HLR1XD252</lei>
        <title>Castle Biosciences, Inc. </title>
        <cusip>14843C105</cusip>
        <identifiers>
          <isin value="US14843C1053"/>
        </identifiers>
        <balance>9809.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>206773.72000000</valUSD>
        <pctVal>0.627632945992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CELLDEX THERAPEUTICS INC</name>
        <lei>529900F018DMYWH38923</lei>
        <title>Celldex Therapeutics, Inc. </title>
        <cusip>15117B202</cusip>
        <identifiers>
          <isin value="US15117B2025"/>
        </identifiers>
        <balance>5940.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>186694.20000000</valUSD>
        <pctVal>0.566684348212</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CHATHAM LODGING TRUST</name>
        <lei>N/A</lei>
        <title>Chatham Lodging Trust </title>
        <cusip>16208T102</cusip>
        <identifiers>
          <isin value="US16208T1025"/>
        </identifiers>
        <balance>36810.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>399388.50000000</valUSD>
        <pctVal>1.212288393566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CHEFS' WAREHOUSE INC (THE)</name>
        <lei>549300JYEDC8C547E980</lei>
        <title>Chefs' Warehouse, Inc. (The) </title>
        <cusip>163086101</cusip>
        <identifiers>
          <isin value="US1630861011"/>
        </identifiers>
        <balance>4736.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>362493.44000000</valUSD>
        <pctVal>1.100298556558</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CIPHER DIGITAL INC</name>
        <lei>254900QABG5HCQZ28A17</lei>
        <title>Cipher Digital, Inc. </title>
        <cusip>17253J106</cusip>
        <identifiers>
          <isin value="US17253J1060"/>
        </identifiers>
        <balance>11653.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>275593.45000000</valUSD>
        <pctVal>0.836525690594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>COASTAL FINANCIAL CORP</name>
        <lei>549300XG5L36T6IU0B47</lei>
        <title>Coastal Financial Corp </title>
        <cusip>19046P209</cusip>
        <identifiers>
          <isin value="US19046P2092"/>
        </identifiers>
        <balance>2242.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>159585.56000000</valUSD>
        <pctVal>0.484399831664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>COGENT BIOSCIENCES INC</name>
        <lei>N/A</lei>
        <title>Cogent Biosciences, Inc. </title>
        <cusip>19240Q201</cusip>
        <identifiers>
          <isin value="US19240Q2012"/>
        </identifiers>
        <balance>9798.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>342538.08000000</valUSD>
        <pctVal>1.039726829236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>VISTANCE NETWORKS INC</name>
        <lei>254900AW4CEPCQWSRI58</lei>
        <title>Vistance Networks, Inc. </title>
        <cusip>20337X109</cusip>
        <identifiers>
          <isin value="US20337X1090"/>
        </identifiers>
        <balance>16260.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>202924.80000000</valUSD>
        <pctVal>0.615950083206</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>COMMUNITY HEALTHCARE TRUST INC</name>
        <lei>549300FATSRCMKOV9536</lei>
        <title>Community Healthcare Trust, Inc. </title>
        <cusip>20369C106</cusip>
        <identifiers>
          <isin value="US20369C1062"/>
        </identifiers>
        <balance>8225.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>141634.50000000</valUSD>
        <pctVal>0.429911878981</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPASS DIVERSIFIED HOLDINGS</name>
        <lei>5299001SM1LBYANJRR58</lei>
        <title>Compass Diversified Holdings </title>
        <cusip>20451Q104</cusip>
        <identifiers>
          <isin value="US20451Q1040"/>
        </identifiers>
        <balance>9792.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>111139.20000000</valUSD>
        <pctVal>0.337347625758</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TRUBRIDGE INC</name>
        <lei>5493005Q6CJC78TGL805</lei>
        <title>TruBridge, Inc. </title>
        <cusip>205306103</cusip>
        <identifiers>
          <isin value="US2053061030"/>
        </identifiers>
        <balance>8603.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>223333.88000000</valUSD>
        <pctVal>0.677899014654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CONDUENT INC</name>
        <lei>549300SFJ2D2CYY6CQ11</lei>
        <title>Conduent, Inc. </title>
        <cusip>206787103</cusip>
        <identifiers>
          <isin value="US2067871036"/>
        </identifiers>
        <balance>110939.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191924.47000000</valUSD>
        <pctVal>0.582560107320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CONNECTONE BANCORP INC</name>
        <lei>549300E2M5ZYAZKUK134</lei>
        <title>ConnectOne Bancorp, Inc. </title>
        <cusip>20786W107</cusip>
        <identifiers>
          <isin value="US20786W1071"/>
        </identifiers>
        <balance>11123.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>334468.61000000</valUSD>
        <pctVal>1.015233072347</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CORMEDIX INC</name>
        <lei>5299006YIA3L0MBW8358</lei>
        <title>CorMedix, Inc. </title>
        <cusip>21900C308</cusip>
        <identifiers>
          <isin value="US21900C3088"/>
        </identifiers>
        <balance>12940.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>109213.60000000</valUSD>
        <pctVal>0.331502734053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>QUIDELORTHO CORP</name>
        <lei>549300YU8CMO9HF53113</lei>
        <title>QuidelOrtho Corp. </title>
        <cusip>219798105</cusip>
        <identifiers>
          <isin value="US2197981051"/>
        </identifiers>
        <balance>7487.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97480.74000000</valUSD>
        <pctVal>0.295889264959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CRAWFORD &amp; COMPANY</name>
        <lei>7TZZFJ2GPOGLWIKIXY82</lei>
        <title>Crawford &amp; Company </title>
        <cusip>224633206</cusip>
        <identifiers>
          <isin value="US2246332066"/>
        </identifiers>
        <balance>23842.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>249148.90000000</valUSD>
        <pctVal>0.756256927127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ARTIVION INC</name>
        <lei>549300YTKV8DMSMG6K81</lei>
        <title>Artivion, Inc. </title>
        <cusip>228903100</cusip>
        <identifiers>
          <isin value="US2289031005"/>
        </identifiers>
        <balance>13558.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>300852.02000000</valUSD>
        <pctVal>0.913194576276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CTO REALTY GROWTH INC</name>
        <lei>254900ZQ99OFO1WXS678</lei>
        <title>CTO Realty Growth, Inc. </title>
        <cusip>22948Q101</cusip>
        <identifiers>
          <isin value="US22948Q1013"/>
        </identifiers>
        <balance>10370.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>213103.50000000</valUSD>
        <pctVal>0.646846115194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DHI GROUP INC</name>
        <lei>529900489RAC0CU0AO81</lei>
        <title>DHI GROUP, INC. </title>
        <cusip>23331S100</cusip>
        <identifiers>
          <isin value="US23331S1006"/>
        </identifiers>
        <balance>51193.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>180711.29000000</valUSD>
        <pctVal>0.548524054782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DELCATH SYSTEMS INC</name>
        <lei>549300NVPLITUM6URT02</lei>
        <title>Delcath Systems, Inc. </title>
        <cusip>24661P807</cusip>
        <identifiers>
          <isin value="US24661P8077"/>
        </identifiers>
        <balance>8729.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94098.62000000</valUSD>
        <pctVal>0.285623308824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DESIGN THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>Design Therapeutics, Inc. </title>
        <cusip>25056L103</cusip>
        <identifiers>
          <isin value="US25056L1035"/>
        </identifiers>
        <balance>6173.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64693.04000000</valUSD>
        <pctVal>0.196366749509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DISC MEDICINE INC</name>
        <lei>N/A</lei>
        <title>Disc Medicine, Inc. </title>
        <cusip>254604101</cusip>
        <identifiers>
          <isin value="US2546041011"/>
        </identifiers>
        <balance>2680.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>186447.60000000</valUSD>
        <pctVal>0.565935828118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOUBLEVERIFY HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>DoubleVerify Holdings, Inc. </title>
        <cusip>25862V105</cusip>
        <identifiers>
          <isin value="US25862V1052"/>
        </identifiers>
        <balance>20597.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>199790.90000000</valUSD>
        <pctVal>0.606437564452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DUCOMMUN INC</name>
        <lei>549300Z71HMWF90S2214</lei>
        <title>Ducommun, Inc. </title>
        <cusip>264147109</cusip>
        <identifiers>
          <isin value="US2641471097"/>
        </identifiers>
        <balance>1658.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>252380.76000000</valUSD>
        <pctVal>0.766066789873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EASTERLY GOVERNMENT PROPERTIES INC</name>
        <lei>549300ERMCEFC6S8HL77</lei>
        <title>Easterly Government Properties, Inc. </title>
        <cusip>27616P301</cusip>
        <identifiers>
          <isin value="US27616P3010"/>
        </identifiers>
        <balance>9283.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>222606.34000000</valUSD>
        <pctVal>0.675690667899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ENGENE THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>enGene Therapeutics, Inc. </title>
        <cusip>29286X101</cusip>
        <identifiers>
          <isin value="CA29286X1015"/>
        </identifiers>
        <balance>7649.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14150.65000000</valUSD>
        <pctVal>0.042952335273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EVOLENT HEALTH INC</name>
        <lei>549300CZOCFHQ2BBTR11</lei>
        <title>Evolent Health, Inc. </title>
        <cusip>30050B101</cusip>
        <identifiers>
          <isin value="US30050B1017"/>
        </identifiers>
        <balance>50796.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>200644.20000000</valUSD>
        <pctVal>0.609027638243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>EXAGEN INC</name>
        <lei>549300JV2CYDOME5OO17</lei>
        <title>Exagen, Inc. </title>
        <cusip>30068X103</cusip>
        <identifiers>
          <isin value="US30068X1037"/>
        </identifiers>
        <balance>25452.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>126750.96000000</valUSD>
        <pctVal>0.384734957770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST AMERICAN FUNDS INC</name>
        <lei>549300J5J5SJCZ9IA369</lei>
        <title>First American Treasury Obligations Fund </title>
        <cusip>31846V328</cusip>
        <identifiers>
          <isin value="US31846V3289"/>
        </identifiers>
        <balance>1457740.68000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1457740.68000000</valUSD>
        <pctVal>4.424769634563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST WATCH RESTAURANT GROUP INC</name>
        <lei>N/A</lei>
        <title>First Watch Restaurant Group, Inc. </title>
        <cusip>33748L101</cusip>
        <identifiers>
          <isin value="US33748L1017"/>
        </identifiers>
        <balance>8705.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>101239.15000000</valUSD>
        <pctVal>0.307297397194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GOODYEAR TIRE &amp; RUBBER COMPANY</name>
        <lei>5493002BI0S2ZQUY3437</lei>
        <title>Goodyear Tire &amp; Rubber Company (The) </title>
        <cusip>382550101</cusip>
        <identifiers>
          <isin value="US3825501014"/>
        </identifiers>
        <balance>5401.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32946.10000000</valUSD>
        <pctVal>0.100003316678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>GRID DYNAMICS HOLDINGS INC</name>
        <lei>9845007E77EEC65AZE29</lei>
        <title>Grid Dynamics Holdings, Inc. </title>
        <cusip>39813G109</cusip>
        <identifiers>
          <isin value="US39813G1094"/>
        </identifiers>
        <balance>50.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>360.00000000</valUSD>
        <pctVal>0.001092730065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HEALTHCARE SERVICES GROUP INC</name>
        <lei>529900GVZ1D2FBYMS719</lei>
        <title>Healthcare Services Group, Inc. </title>
        <cusip>421906108</cusip>
        <identifiers>
          <isin value="US4219061086"/>
        </identifiers>
        <balance>14711.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>303046.60000000</valUSD>
        <pctVal>0.919855919461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HELIX ENERGY SOLUTIONS GROUP INC</name>
        <lei>416AP2JOUTCWEGSOZW41</lei>
        <title>Helix Energy Solutions Group, Inc. </title>
        <cusip>42330P107</cusip>
        <identifiers>
          <isin value="US42330P1075"/>
        </identifiers>
        <balance>20923.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>195630.05000000</valUSD>
        <pctVal>0.593807881418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>HIGHPEAK ENERGY INC</name>
        <lei>549300J4RNCV140DUY76</lei>
        <title>HighPeak Energy, Inc. </title>
        <cusip>43114Q105</cusip>
        <identifiers>
          <isin value="US43114Q1058"/>
        </identifiers>
        <balance>20313.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>144222.30000000</valUSD>
        <pctVal>0.437766786934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>HILLMAN SOLUTIONS CORP</name>
        <lei>N/A</lei>
        <title>Hillman Solutions Corporation </title>
        <cusip>431636109</cusip>
        <identifiers>
          <isin value="US4316361090"/>
        </identifiers>
        <balance>20544.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>153258.24000000</valUSD>
        <pctVal>0.465194129451</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>HORIZON BANCORP INC</name>
        <lei>549300U2OQ2EIT5MXG39</lei>
        <title>Horizon Bancorp Inc </title>
        <cusip>440407104</cusip>
        <identifiers>
          <isin value="US4404071049"/>
        </identifiers>
        <balance>16261.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>301641.55000000</valUSD>
        <pctVal>0.915591085077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ICF INTERNATIONAL INC</name>
        <lei>5493003KYFDDC5B3WY64</lei>
        <title>ICF International, Inc. </title>
        <cusip>44925C103</cusip>
        <identifiers>
          <isin value="US44925C1036"/>
        </identifiers>
        <balance>3094.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>212990.96000000</valUSD>
        <pctVal>0.646504515634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>IMMUNOME INC</name>
        <lei>N/A</lei>
        <title>Immunome, Inc. </title>
        <cusip>45257U108</cusip>
        <identifiers>
          <isin value="US45257U1088"/>
        </identifiers>
        <balance>8492.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>185380.36000000</valUSD>
        <pctVal>0.562696369132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>INSTEEL INDUSTRIES INC</name>
        <lei>52990026LKY4MOX3L174</lei>
        <title>Insteel Industries, Inc. </title>
        <cusip>45774W108</cusip>
        <identifiers>
          <isin value="US45774W1080"/>
        </identifiers>
        <balance>4306.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>118371.94000000</valUSD>
        <pctVal>0.359301604793</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>INSPIRED ENTERTAINMENT INC</name>
        <lei>549300ZUGYK6NBIU6D69</lei>
        <title>Inspired Entertainment, Inc. </title>
        <cusip>45782N108</cusip>
        <identifiers>
          <isin value="US45782N1081"/>
        </identifiers>
        <balance>9991.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>76930.70000000</valUSD>
        <pctVal>0.233512468984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>INTEGER HOLDINGS CORP</name>
        <lei>549300SUD2ED5XG6X569</lei>
        <title>Integer Holdings Corporation </title>
        <cusip>45826H109</cusip>
        <identifiers>
          <isin value="US45826H1095"/>
        </identifiers>
        <balance>1487.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>132908.06000000</valUSD>
        <pctVal>0.403423980784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>INVESTAR HOLDING CORP</name>
        <lei>54930001EK2YM28LOJ08</lei>
        <title>Investar Holding Corporation </title>
        <cusip>46134L105</cusip>
        <identifiers>
          <isin value="US46134L1052"/>
        </identifiers>
        <balance>12360.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>349293.60000000</valUSD>
        <pctVal>1.060232273155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ISHARES TRUST</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>iShares Micro-Cap ETF </title>
        <cusip>464288869</cusip>
        <identifiers>
          <isin value="US4642888691"/>
        </identifiers>
        <balance>1758.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>335988.96000000</valUSD>
        <pctVal>1.019847883888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JAMES RIVER GROUP HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>James River Group Holdings, Inc. </title>
        <cusip>46990A102</cusip>
        <identifiers>
          <isin value="US46990A1025"/>
        </identifiers>
        <balance>14205.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55541.55000000</valUSD>
        <pctVal>0.168588670995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KAYNE ANDERSON BDC INC</name>
        <lei>213800L27Z3YODNCUQ03</lei>
        <title>Kayne Anderson BDC, Inc. </title>
        <cusip>48662X105</cusip>
        <identifiers>
          <isin value="US48662X1054"/>
        </identifiers>
        <balance>10680.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>157957.20000000</valUSD>
        <pctVal>0.479457170750</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KELLY SERVICES INC</name>
        <lei>25490035B2ZPL6RM1974</lei>
        <title>Kelly Services, Inc. </title>
        <cusip>488152208</cusip>
        <identifiers>
          <isin value="US4881522084"/>
        </identifiers>
        <balance>18604.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>216178.48000000</valUSD>
        <pctVal>0.656179790461</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LSB INDUSTRIES INC</name>
        <lei>5493001H215A0HG0MI71</lei>
        <title>LSB Industries, Inc. </title>
        <cusip>502160104</cusip>
        <identifiers>
          <isin value="US5021601043"/>
        </identifiers>
        <balance>15441.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>193630.14000000</valUSD>
        <pctVal>0.587737432015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LSI INDUSTRIES INC</name>
        <lei>529900HY42OANH6BVT33</lei>
        <title>LSI Industries, Inc. </title>
        <cusip>50216C108</cusip>
        <identifiers>
          <isin value="US50216C1080"/>
        </identifiers>
        <balance>18749.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>454288.27000000</valUSD>
        <pctVal>1.378929030391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LEGACY EDUCATION INC</name>
        <lei>N/A</lei>
        <title>Legacy Education, Inc. </title>
        <cusip>52474R207</cusip>
        <identifiers>
          <isin value="US52474R2076"/>
        </identifiers>
        <balance>29345.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>326022.95000000</valUSD>
        <pctVal>0.989597442894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LINDSAY CORP</name>
        <lei>549300ZFO0QG5H8TPI61</lei>
        <title>Lindsay Corporation </title>
        <cusip>535555106</cusip>
        <identifiers>
          <isin value="US5355551061"/>
        </identifiers>
        <balance>1209.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>132131.61000000</valUSD>
        <pctVal>0.401067174508</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LIVEONE INC</name>
        <lei>5493004547XB11DZ6E32</lei>
        <title>LiveOne, Inc. </title>
        <cusip>53814X300</cusip>
        <identifiers>
          <isin value="US53814X3008"/>
        </identifiers>
        <balance>9817.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64988.54000000</valUSD>
        <pctVal>0.197263698771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MAGNITE INC</name>
        <lei>54930018FR2YX1HHSB02</lei>
        <title>Magnite, Inc. </title>
        <cusip>55955D100</cusip>
        <identifiers>
          <isin value="US55955D1000"/>
        </identifiers>
        <balance>5810.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>83257.30000000</valUSD>
        <pctVal>0.252715985737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MARAVAI LIFESCIENCES HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Maravai LifeSciences Holdings, Inc. </title>
        <cusip>56600D107</cusip>
        <identifiers>
          <isin value="US56600D1072"/>
        </identifiers>
        <balance>17696.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>84940.80000000</valUSD>
        <pctVal>0.257826016473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MATERION CORP</name>
        <lei>549300CJ5RI351SUYT02</lei>
        <title>Materion Corporation </title>
        <cusip>576690101</cusip>
        <identifiers>
          <isin value="US5766901012"/>
        </identifiers>
        <balance>3246.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>714249.84000000</valUSD>
        <pctVal>2.168006317504</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MATTHEWS INTERNATIONAL CORP</name>
        <lei>549300ZVC5O0ATML6U61</lei>
        <title>Matthews International Corporation </title>
        <cusip>577128101</cusip>
        <identifiers>
          <isin value="US5771281012"/>
        </identifiers>
        <balance>3556.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94376.24000000</valUSD>
        <pctVal>0.286465985826</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MAYVILLE ENGINEERING COMPANY INC</name>
        <lei>9845008D43E42A7FC362</lei>
        <title>Mayville Engineering Company, Inc. </title>
        <cusip>578605107</cusip>
        <identifiers>
          <isin value="US5786051079"/>
        </identifiers>
        <balance>10857.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>291510.45000000</valUSD>
        <pctVal>0.884839536286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MID PENN BANCORP INC</name>
        <lei>N/A</lei>
        <title>Mid Penn Bancorp, Inc. </title>
        <cusip>59540G107</cusip>
        <identifiers>
          <isin value="US59540G1076"/>
        </identifiers>
        <balance>4301.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>140427.65000000</valUSD>
        <pctVal>0.426248653205</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MIMEDX GROUP INC</name>
        <lei>N/A</lei>
        <title>MiMedx Group, Inc. </title>
        <cusip>602496101</cusip>
        <identifiers>
          <isin value="US6024961012"/>
        </identifiers>
        <balance>21748.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>80032.64000000</valUSD>
        <pctVal>0.242927977591</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MINERALS TECHNOLOGIES INC</name>
        <lei>549300D3I1QU67GP6403</lei>
        <title>Minerals Technologies, Inc. </title>
        <cusip>603158106</cusip>
        <identifiers>
          <isin value="US6031581068"/>
        </identifiers>
        <balance>2274.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>175143.48000000</valUSD>
        <pctVal>0.531623739824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MONTE ROSA THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>Monte Rosa Therapeutics, Inc. </title>
        <cusip>61225M102</cusip>
        <identifiers>
          <isin value="US61225M1027"/>
        </identifiers>
        <balance>4355.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>85837.05000000</valUSD>
        <pctVal>0.260546459031</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>NATURE'S SUNSHINE PRODUCTS INC</name>
        <lei>N/A</lei>
        <title>Nature's Sunshine Products, Inc. </title>
        <cusip>639027101</cusip>
        <identifiers>
          <isin value="US6390271012"/>
        </identifiers>
        <balance>19622.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>417556.16000000</valUSD>
        <pctVal>1.267433805505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>NEOGEN CORP</name>
        <lei>549300HJT9FC36N4UW43</lei>
        <title>Neogen Corporation </title>
        <cusip>640491106</cusip>
        <identifiers>
          <isin value="US6404911066"/>
        </identifiers>
        <balance>35815.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>321260.55000000</valUSD>
        <pctVal>0.975141838274</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>NORTHEAST BANK</name>
        <lei>549300F0LV9TSW34E306</lei>
        <title>Northeast Bank </title>
        <cusip>66405S100</cusip>
        <identifiers>
          <isin value="US66405S1006"/>
        </identifiers>
        <balance>5780.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>726777.20000000</valUSD>
        <pctVal>2.206031381145</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>DNOW INC</name>
        <lei>549300AVH5SOCFVVDW91</lei>
        <title>DNOW, Inc. </title>
        <cusip>67011P100</cusip>
        <identifiers>
          <isin value="US67011P1003"/>
        </identifiers>
        <balance>26305.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>336440.95000000</valUSD>
        <pctVal>1.021219836839</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>NURIX THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>Nurix Therapeutics, Inc. </title>
        <cusip>67080M103</cusip>
        <identifiers>
          <isin value="US67080M1036"/>
        </identifiers>
        <balance>14249.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>253062.24000000</valUSD>
        <pctVal>0.768135327887</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>OIL STATES INTERNATIONAL INC</name>
        <lei>5493004TF4KQJGMYL777</lei>
        <title>Oil States International, Inc. </title>
        <cusip>678026105</cusip>
        <identifiers>
          <isin value="US6780261052"/>
        </identifiers>
        <balance>22232.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>188972.00000000</valUSD>
        <pctVal>0.573598294164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>OLD SECOND BANCORP INC</name>
        <lei>549300XVJC1MPUT81C04</lei>
        <title>Old Second Bancorp, Inc. </title>
        <cusip>680277100</cusip>
        <identifiers>
          <isin value="US6802771005"/>
        </identifiers>
        <balance>18671.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>398065.72000000</valUSD>
        <pctVal>1.208273278356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>OPTIMIZERX CORP</name>
        <lei>N/A</lei>
        <title>OptimizeRx Corporation </title>
        <cusip>68401U204</cusip>
        <identifiers>
          <isin value="US68401U2042"/>
        </identifiers>
        <balance>18177.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94338.63000000</valUSD>
        <pctVal>0.286351825888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORIGIN BANCORP INC</name>
        <lei>54930055DO2Z4KO3NB45</lei>
        <title>Origin Bancorp, Inc. </title>
        <cusip>68621T102</cusip>
        <identifiers>
          <isin value="US68621T1025"/>
        </identifiers>
        <balance>6084.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>289963.44000000</valUSD>
        <pctVal>0.880143802013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ORION GROUP HOLDINGS INC</name>
        <lei>549300KBVXPV9Q3CT222</lei>
        <title>Orion Group Holdings, Inc. </title>
        <cusip>68628V308</cusip>
        <identifiers>
          <isin value="US68628V3087"/>
        </identifiers>
        <balance>18657.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>256720.32000000</valUSD>
        <pctVal>0.779238922324</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ORTHOPEDIATRICS CORP</name>
        <lei>5493000KUTPFGOPAT717</lei>
        <title>OrthoPediatrics Corporation </title>
        <cusip>68752L100</cusip>
        <identifiers>
          <isin value="US68752L1008"/>
        </identifiers>
        <balance>7277.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>124946.09000000</valUSD>
        <pctVal>0.379256525234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ORUKA THERAPEUTICS INC</name>
        <lei>529900TG7O4ESUDMGI54</lei>
        <title>Oruka Therapeutics, Inc. </title>
        <cusip>687604108</cusip>
        <identifiers>
          <isin value="US6876041087"/>
        </identifiers>
        <balance>2159.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>126366.27000000</valUSD>
        <pctVal>0.383567284634</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PAR TECHNOLOGY CORP</name>
        <lei>549300HYPTHBJQINVG57</lei>
        <title>PAR Technology Corporation </title>
        <cusip>698884103</cusip>
        <identifiers>
          <isin value="US6988841036"/>
        </identifiers>
        <balance>11385.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>175784.40000000</valUSD>
        <pctVal>0.533569163583</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PARK AEROSPACE CORP</name>
        <lei>5299004AG0G7IB636095</lei>
        <title>Park Aerospace Corporation </title>
        <cusip>70014A104</cusip>
        <identifiers>
          <isin value="US70014A1043"/>
        </identifiers>
        <balance>11762.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>374854.94000000</valUSD>
        <pctVal>1.137820175175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PARK DENTAL PARTNERS INC</name>
        <lei>529900JGYNTREBZJHT94</lei>
        <title>Park Dental Partners, Inc. </title>
        <cusip>700402100</cusip>
        <identifiers>
          <isin value="US7004021009"/>
        </identifiers>
        <balance>6832.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>132404.16000000</valUSD>
        <pctVal>0.401894462228</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PENGUIN SOLUTIONS INC (US)</name>
        <lei>254900DVWIPOY3GJ8E23</lei>
        <title>Penguin Solutions, Inc. </title>
        <cusip>706915105</cusip>
        <identifiers>
          <isin value="US7069151055"/>
        </identifiers>
        <balance>6593.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>368087.19000000</valUSD>
        <pctVal>1.117277608788</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PERELLA WEINBERG PARTNERS</name>
        <lei>N/A</lei>
        <title>Perella Weinberg Partners </title>
        <cusip>71367G102</cusip>
        <identifiers>
          <isin value="US71367G1022"/>
        </identifiers>
        <balance>5183.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88940.28000000</valUSD>
        <pctVal>0.269965883255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PERMA-FIX ENVIRONMENTAL SERVICES INC</name>
        <lei>54930015OVD1T5P12U15</lei>
        <title>Perma-Fix Environmental Services, Inc. </title>
        <cusip>714157203</cusip>
        <identifiers>
          <isin value="US7141572039"/>
        </identifiers>
        <balance>18243.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>179146.26000000</valUSD>
        <pctVal>0.543773623298</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PERSONALIS INC</name>
        <lei>549300EZ2NYFK7H0US48</lei>
        <title>Personalis, Inc. </title>
        <cusip>71535D106</cusip>
        <identifiers>
          <isin value="US71535D1063"/>
        </identifiers>
        <balance>20444.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>233061.60000000</valUSD>
        <pctVal>0.707426159406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>POWERFLEET INC</name>
        <lei>2549007NKEFPYEH4MF81</lei>
        <title>Powerfleet Inc NJ </title>
        <cusip>73931J109</cusip>
        <identifiers>
          <isin value="US73931J1097"/>
        </identifiers>
        <balance>86642.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>338770.22000000</valUSD>
        <pctVal>1.028290012837</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PROGRESS SOFTWARE CORP</name>
        <lei>549300R65B3JG6972S24</lei>
        <title>Progress Software Corporation </title>
        <cusip>743312100</cusip>
        <identifiers>
          <isin value="US7433121008"/>
        </identifiers>
        <balance>5668.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>186080.44000000</valUSD>
        <pctVal>0.564821364865</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>PUMA BIOTECHNOLOGY INC</name>
        <lei>N/A</lei>
        <title>Puma Biotechnology, Inc. </title>
        <cusip>74587V107</cusip>
        <identifiers>
          <isin value="US74587V1070"/>
        </identifiers>
        <balance>33023.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>236774.91000000</valUSD>
        <pctVal>0.718697396847</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>QCR HOLDINGS INC</name>
        <lei>549300MWKWM7KWJVQO33</lei>
        <title>QCR Holdings, Inc. </title>
        <cusip>74727A104</cusip>
        <identifiers>
          <isin value="US74727A1043"/>
        </identifiers>
        <balance>5552.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>511616.80000000</valUSD>
        <pctVal>1.552941831308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>RAPPORT THERAPEUTICS INC</name>
        <lei>N/A</lei>
        <title>Rapport Therapeutics, Inc. </title>
        <cusip>75383L102</cusip>
        <identifiers>
          <isin value="US75383L1026"/>
        </identifiers>
        <balance>5356.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>211562.00000000</valUSD>
        <pctVal>0.642167105762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RED VIOLET INC</name>
        <lei>549300T4EGADG881UU63</lei>
        <title>Red Violet, Inc. </title>
        <cusip>75704L104</cusip>
        <identifiers>
          <isin value="US75704L1044"/>
        </identifiers>
        <balance>8324.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>473136.16000000</valUSD>
        <pctVal>1.436139186142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>UPBOUND GROUP INC</name>
        <lei>529900QUHE15UQNCCJ63</lei>
        <title>Upbound Group, Inc. </title>
        <cusip>76009N100</cusip>
        <identifiers>
          <isin value="US76009N1000"/>
        </identifiers>
        <balance>3550.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68195.50000000</valUSD>
        <pctVal>0.206997981022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>RESOURCES CONNECTION INC</name>
        <lei>N/A</lei>
        <title>Resources Connection, Inc. </title>
        <cusip>76122Q105</cusip>
        <identifiers>
          <isin value="US76122Q1058"/>
        </identifiers>
        <balance>24802.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>112105.04000000</valUSD>
        <pctVal>0.340279299109</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>REZOLUTE INC</name>
        <lei>549300T05L48T72P2G08</lei>
        <title>Rezolute, Inc. </title>
        <cusip>76200L309</cusip>
        <identifiers>
          <isin value="US76200L3096"/>
        </identifiers>
        <balance>29199.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>96356.70000000</valUSD>
        <pctVal>0.292477397452</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>RILEY EXPLORATION PERMIAN INC</name>
        <lei>5493008CUBI02XP43Q95</lei>
        <title>Riley Exploration Permian, Inc. </title>
        <cusip>76665T102</cusip>
        <identifiers>
          <isin value="US76665T1025"/>
        </identifiers>
        <balance>7908.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>263020.08000000</valUSD>
        <pctVal>0.798360969980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>RIMINI STREET INC</name>
        <lei>54930042ITIRGVM4HY55</lei>
        <title>Rimini Street, Inc. </title>
        <cusip>76674Q107</cusip>
        <identifiers>
          <isin value="US76674Q1076"/>
        </identifiers>
        <balance>9.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35.19000000</valUSD>
        <pctVal>0.000106814363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SMARTRENT INC</name>
        <lei>N/A</lei>
        <title>SmartRent, Inc. </title>
        <cusip>83193G107</cusip>
        <identifiers>
          <isin value="US83193G1076"/>
        </identifiers>
        <balance>71751.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>90406.26000000</valUSD>
        <pctVal>0.274415662202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SOLARIS ENERGY INFRASTRUCTURE INC</name>
        <lei>529900MTK3C8Y8TIIC10</lei>
        <title>Solaris Energy Infrastructure, Inc. </title>
        <cusip>83418M103</cusip>
        <identifiers>
          <isin value="US83418M1036"/>
        </identifiers>
        <balance>6247.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>434416.38000000</valUSD>
        <pctVal>1.318610664676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CALIFORNIA BANCORP</name>
        <lei>549300Z6CP542EI9L684</lei>
        <title>California BanCorporation </title>
        <cusip>84252A106</cusip>
        <identifiers>
          <isin value="US84252A1060"/>
        </identifiers>
        <balance>13954.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>264846.92000000</valUSD>
        <pctVal>0.803906089403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>SURGERY PARTNERS INC</name>
        <lei>549300LC82HG33S19I03</lei>
        <title>Surgery Partners, Inc. </title>
        <cusip>86881A100</cusip>
        <identifiers>
          <isin value="US86881A1007"/>
        </identifiers>
        <balance>11403.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>152344.08000000</valUSD>
        <pctVal>0.462419323572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TECTONIC THERAPEUTIC INC</name>
        <lei>N/A</lei>
        <title>Tectonic Therapeutic, Inc. </title>
        <cusip>878972108</cusip>
        <identifiers>
          <isin value="US8789721086"/>
        </identifiers>
        <balance>7316.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>228003.14000000</valUSD>
        <pctVal>0.692071905722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>THERMON GROUP HOLDINGS INC</name>
        <lei>529900ZNZBBLDE77MZ38</lei>
        <title>Thermon Group Holdings, Inc. </title>
        <cusip>88362T103</cusip>
        <identifiers>
          <isin value="US88362T1034"/>
        </identifiers>
        <balance>6137.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>375216.18000000</valUSD>
        <pctVal>1.138916669088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>THIRD COAST BANCSHARES INC</name>
        <lei>254900LW0YOTBYSQCK19</lei>
        <title>Third Coast Bancshares, Inc. </title>
        <cusip>88422P109</cusip>
        <identifiers>
          <isin value="US88422P1093"/>
        </identifiers>
        <balance>13098.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>501129.48000000</valUSD>
        <pctVal>1.521109026118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>METALLUS INC</name>
        <lei>549300QZTZWHDE9HJL14</lei>
        <title>Metallus, Inc. </title>
        <cusip>887399103</cusip>
        <identifiers>
          <isin value="US8873991033"/>
        </identifiers>
        <balance>9624.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>189111.60000000</valUSD>
        <pctVal>0.574022030601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TIPTREE INC</name>
        <lei>254900EH52HA4YXENT37</lei>
        <title>Tiptree, Inc. </title>
        <cusip>88822Q103</cusip>
        <identifiers>
          <isin value="US88822Q1031"/>
        </identifiers>
        <balance>16156.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>294685.44000000</valUSD>
        <pctVal>0.894476778037</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TITAN INTERNATIONAL INC</name>
        <lei>254900CXRGBE7C4B5A06</lei>
        <title>Titan International, Inc. </title>
        <cusip>88830M102</cusip>
        <identifiers>
          <isin value="US88830M1027"/>
        </identifiers>
        <balance>8081.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>58344.82000000</valUSD>
        <pctVal>0.177097608245</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TRIMAS CORP</name>
        <lei>75G1WUQ8QK4P5MZOYD78</lei>
        <title>TriMas Corporation </title>
        <cusip>896215209</cusip>
        <identifiers>
          <isin value="US8962152091"/>
        </identifiers>
        <balance>8430.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>345039.90000000</valUSD>
        <pctVal>1.047320756825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>TRINITY CAPITAL INC</name>
        <lei>549300YGT4SBRQYDVU48</lei>
        <title>Trinity Capital, Inc. </title>
        <cusip>896442308</cusip>
        <identifiers>
          <isin value="US8964423086"/>
        </identifiers>
        <balance>12328.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>207850.08000000</valUSD>
        <pctVal>0.630900087473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRISALUS LIFE SCIENCES INC</name>
        <lei>N/A</lei>
        <title>TriSalus Life Sciences, Inc. </title>
        <cusip>89680M101</cusip>
        <identifiers>
          <isin value="US89680M1018"/>
        </identifiers>
        <balance>13844.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47208.04000000</valUSD>
        <pctVal>0.143293457310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>U.S. PHYSICAL THERAPY INC</name>
        <lei>529900KL1UXQYFIOMY96</lei>
        <title>US Physical Therapy, Inc. </title>
        <cusip>90337L108</cusip>
        <identifiers>
          <isin value="US90337L1089"/>
        </identifiers>
        <balance>2686.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>172602.36000000</valUSD>
        <pctVal>0.523910522536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>ULTRAGENYX PHARMACEUTICAL INC</name>
        <lei>529900EV44GVDN1DCX77</lei>
        <title>Ultragenyx Pharmaceutical, Inc. </title>
        <cusip>90400D108</cusip>
        <identifiers>
          <isin value="US90400D1081"/>
        </identifiers>
        <balance>6649.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>159177.06000000</valUSD>
        <pctVal>0.483159886576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>UNIVERSAL TECHNICAL INSTITUTE INC</name>
        <lei>2549003YOJGAZ0PVFV48</lei>
        <title>Universal Technical Institute, Inc. </title>
        <cusip>913915104</cusip>
        <identifiers>
          <isin value="US9139151040"/>
        </identifiers>
        <balance>4408.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>164903.28000000</valUSD>
        <pctVal>0.500541033117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>VSE CORP</name>
        <lei>549300QWJYQDH4U5XI15</lei>
        <title>VSE Corporation </title>
        <cusip>918284100</cusip>
        <identifiers>
          <isin value="US9182841000"/>
        </identifiers>
        <balance>591.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>109423.65000000</valUSD>
        <pctVal>0.332140311693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>VEECO INSTRUMENTS INC</name>
        <lei>5493004201F72ADDZW04</lei>
        <title>Veeco Instruments, Inc. </title>
        <cusip>922417100</cusip>
        <identifiers>
          <isin value="US9224171002"/>
        </identifiers>
        <balance>9963.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>574267.32000000</valUSD>
        <pctVal>1.743108794671</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>V2X INC</name>
        <lei>N/A</lei>
        <title>V2X, Inc. </title>
        <cusip>92242T101</cusip>
        <identifiers>
          <isin value="US92242T1016"/>
        </identifiers>
        <balance>3565.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>296358.45000000</valUSD>
        <pctVal>0.899554967832</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>VERSABANK</name>
        <lei>549300RUBSDFVNCR7415</lei>
        <title>VersaBank </title>
        <cusip>92512J106</cusip>
        <identifiers>
          <isin value="CA92512J1066"/>
        </identifiers>
        <balance>7270.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>131150.80000000</valUSD>
        <pctVal>0.398090061799</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VISHAY PRECISION GROUP INC</name>
        <lei>N/A</lei>
        <title>Vishay Precision Group, Inc. </title>
        <cusip>92835K103</cusip>
        <identifiers>
          <isin value="US92835K1034"/>
        </identifiers>
        <balance>1212.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>151875.72000000</valUSD>
        <pctVal>0.460997681757</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>VOYAGER TECHNOLOGIES INC</name>
        <lei>254900DDCLSP240FE187</lei>
        <title>Voyager Technologies, Inc. </title>
        <cusip>92892B103</cusip>
        <identifiers>
          <isin value="US92892B1035"/>
        </identifiers>
        <balance>7591.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>375982.23000000</valUSD>
        <pctVal>1.141241907606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>CLIMB GLOBAL SOLUTIONS INC</name>
        <lei>549300LKM16VX2FG7J68</lei>
        <title>Climb Global Solutions, Inc. </title>
        <cusip>946760105</cusip>
        <identifiers>
          <isin value="US9467601053"/>
        </identifiers>
        <balance>4974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>107687.10000000</valUSD>
        <pctVal>0.326869255040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>WERNER ENTERPRISES INC</name>
        <lei>549300P6XRGOCHHJST37</lei>
        <title>Werner Enterprises, Inc. </title>
        <cusip>950755108</cusip>
        <identifiers>
          <isin value="US9507551086"/>
        </identifiers>
        <balance>6229.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>258565.79000000</valUSD>
        <pctVal>0.784840590528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>XERIS BIOPHARMA HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>Xeris Biopharma Holdings, Inc. </title>
        <cusip>98422E103</cusip>
        <identifiers>
          <isin value="US98422E1038"/>
        </identifiers>
        <balance>25185.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>155139.60000000</valUSD>
        <pctVal>0.470904736772</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>N/A</name>
        <lei>N/A</lei>
        <title>Alkermes plc - CVR </title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="DUMMY ID" value="G29CVR019"/>
        </identifiers>
        <balance>6763.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.00000000</valUSD>
        <pctVal>0.000000</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICHOR HOLDINGS LTD</name>
        <lei>529900PS8R2JVLJ2H892</lei>
        <title>Ichor Holdings Ltd. </title>
        <cusip>G4740B105</cusip>
        <identifiers>
          <isin value="KYG4740B1059"/>
        </identifiers>
        <balance>4854.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>347158.08000000</valUSD>
        <pctVal>1.053750198407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>LUXFER HOLDINGS PLC</name>
        <lei>21380045UF5SJYZOXE41</lei>
        <title>Luxfer Holdings plc </title>
        <cusip>G5698W116</cusip>
        <identifiers>
          <isin value="GB00BNK03D49"/>
        </identifiers>
        <balance>619.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10541.57000000</valUSD>
        <pctVal>0.031997473540</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>MEIRAGTX HOLDINGS PLC</name>
        <lei>54930007YV6NYIOGFZ57</lei>
        <title>MeiraGTx Holdings plc </title>
        <cusip>G59665102</cusip>
        <identifiers>
          <isin value="KYG596651029"/>
        </identifiers>
        <balance>19615.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>208899.75000000</valUSD>
        <pctVal>0.634086215161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>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>AEBI SCHMIDT HOLDING AG</name>
        <lei>506700TN58RT735OV464</lei>
        <title>Aebi Schmidt Holding A.G. </title>
        <cusip>H00501108</cusip>
        <identifiers>
          <isin value="CH0027352993"/>
        </identifiers>
        <balance>15727.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>196272.96000000</valUSD>
        <pctVal>0.595759345546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOPHIA GENETICS SA</name>
        <lei>506700H1GPU9GGM8W895</lei>
        <title>Sophia Genetics S.A. </title>
        <cusip>H82027105</cusip>
        <identifiers>
          <isin value="CH1125843347"/>
        </identifiers>
        <balance>26984.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>136269.20000000</valUSD>
        <pctVal>0.413626255038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KORNIT DIGITAL LTD</name>
        <lei>5299006DPCQWP3VTFK34</lei>
        <title>Kornit Digital Ltd. </title>
        <cusip>M6372Q113</cusip>
        <identifiers>
          <isin value="IL0011216723"/>
        </identifiers>
        <balance>6991.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>112764.83000000</valUSD>
        <pctVal>0.342282000136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEWAMSTERDAM PHARMA COMPANY NV</name>
        <lei>984500B6549TF6E14D36</lei>
        <title>Newamsterdam Pharma Company N.V. </title>
        <cusip>N62509109</cusip>
        <identifiers>
          <isin value="NL00150012L7"/>
        </identifiers>
        <balance>4657.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>156847.76000000</valUSD>
        <pctVal>0.476089619518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WAVE LIFE SCIENCES LTD</name>
        <lei>54930070006GPKFYZ813</lei>
        <title>WaVe Life Sciences Ltd. </title>
        <cusip>Y95308105</cusip>
        <identifiers>
          <isin value="SG9999014716"/>
        </identifiers>
        <balance>9285.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61095.30000000</valUSD>
        <pctVal>0.185446308773</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-05-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Exchange Place Advisors Trust</ncom:nameOfApplicant>
      <ncom:signature>Zachary Richmond</ncom:signature>
      <ncom:signerName>Zachary Richmond</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
