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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ISHARES TRUST</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EPAM SYSTEMS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CARRIER GLOBAL CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FISERV INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>AKAMAI TECHNOLOGIES INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KILROY REALTY CORP</name>
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        <title>Kilroy Realty Corporation REIT</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>MOLINA HEALTHCARE INC</name>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>PENGUIN SOLUTIONS INC (US)</name>
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        <title>Penguin Solutions, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>RUSH ENTERPRISES INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>PATTERSON-UTI ENERGY INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>CLEVELAND-CLIFFS INC</name>
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        <title>Cleveland-Cliffs, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>F.N.B. CORP (PENNSYLVANIA)</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>IRIDIUM COMMUNICATIONS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ONTO INNOVATION INC</name>
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        <title>Onto Innovation, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>FORTIVE CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>PAR PACIFIC HOLDINGS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>LEAR CORP</name>
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        <title>Lear Corporation </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>UNITED COMMUNITY BANKS INC</name>
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        <title>United Community Banks Inc </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ULTRA CLEAN HOLDINGS INC</name>
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        <title>Ultra Clean Holdings, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>AGCO CORP</name>
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        <title>AGCO Corporation </title>
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        <fairValLevel>1</fairValLevel>
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        <name>BENTLEY SYSTEMS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>DIODES INC</name>
        <lei>549300XP2X1ARVH3BX23</lei>
        <title>Diodes, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>CHEWY INC</name>
        <lei>254900NPQSTG9I422879</lei>
        <title>Chewy, Inc. Class A</title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>AVNET INC</name>
        <lei>XJI53DCPL7QABOWK4Z75</lei>
        <title>Avnet, Inc. </title>
        <cusip>053807103</cusip>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PINNACLE FINANCIAL PARTNERS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COGENT COMMUNICATIONS HOLDINGS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>OFG BANCORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>LATTICE SEMICONDUCTOR CORP</name>
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        <title>Lattice Semiconductor Corporation </title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>HEALTHCARE REALTY TRUST INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>J.B. HUNT TRANSPORT SERVICES INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>KIRBY CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INTEGRA LIFESCIENCES HOLDINGS CORP</name>
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        <title>Integra LifeSciences Holdings Corporation </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>BOISE CASCADE COMPANY</name>
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        <title>Boise Cascade Company </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>BOX INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>FORWARD AIR CORP</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>EASTMAN CHEMICAL COMPANY</name>
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        <title>Eastman Chemical Company </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>MACY'S INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>KOHL'S CORP</name>
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        <title>Kohl's Corporation </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>PINNACLE WEST CAPITAL CORP</name>
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        <title>Pinnacle West Capital Corporation </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>INSIGHT ENTERPRISES INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>FIRST HORIZON CORP</name>
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        <title>First Horizon Corporation </title>
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        <fairValLevel>1</fairValLevel>
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        <name>REGIONS FINANCIAL CORP</name>
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        <title>Regions Financial Corporation </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>APPLE HOSPITALITY REIT INC</name>
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        <title>Apple Hospitality REIT, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>NEXTPOWER INC</name>
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        <title>Nextpower, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>REINSURANCE GROUP OF AMERICA INC</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>Reinsurance Group of America, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>V.F. CORP</name>
        <lei>CWAJJ9DJ5Z7P057HV541</lei>
        <title>VF Corporation </title>
        <cusip>918204108</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>EVERCORE INC</name>
        <lei>529900P6KLPT95DW3W58</lei>
        <title>Evercore, Inc. Class A</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>TD SYNNEX CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>STEEL DYNAMICS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>INTEGER HOLDINGS CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>VONTIER CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ATLANTIC UNION BANKSHARES CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>H2O AMERICA</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <title>Portland General Electric Company </title>
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        <name>OLD DOMINION FREIGHT LINE INC</name>
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        <name>PERFORMANCE FOOD GROUP COMPANY</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GEN DIGITAL INC</name>
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        <name>CRACKER BARREL OLD COUNTRY STORE INC</name>
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        <name>PHOTRONICS INC</name>
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        <name>BLACKBAUD INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TOLL BROTHERS INC</name>
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        <title>Toll Brothers, Inc. </title>
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        <fairValLevel>1</fairValLevel>
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        <name>SAIA INC</name>
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        <title>Saia, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial, Inc. </title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ESAB CORP</name>
        <lei>549300ZNV0SWBXEIWT04</lei>
        <title>Esab Corporation </title>
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          <isin value="US29605J1060"/>
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        <balance>8770.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>W.P. CAREY INC</name>
        <lei>54930042CRNE713E3Q67</lei>
        <title>WP Carey, Inc. REIT</title>
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          <isin value="US92936U1097"/>
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        <balance>12427.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REGENCY CENTERS CORP</name>
        <lei>529900053A7X7FJ97S58</lei>
        <title>Regency Centers Corporation REIT</title>
        <cusip>758849103</cusip>
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          <isin value="US7588491032"/>
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        <balance>4017.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VORNADO REALTY TRUST</name>
        <lei>N/A</lei>
        <title>Vornado Realty Trust REIT</title>
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          <isin value="US9290421091"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PBF ENERGY INC</name>
        <lei>2549003PBEDCSZMZIY02</lei>
        <title>PBF Energy, Inc. </title>
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          <isin value="US69318G1067"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ACADIA HEALTHCARE COMPANY INC</name>
        <lei>5493005CW985Y9D0NC11</lei>
        <title>Acadia Healthcare Company, Inc. </title>
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          <isin value="US00404A1097"/>
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        <balance>22248.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PROGRESS SOFTWARE CORP</name>
        <lei>549300R65B3JG6972S24</lei>
        <title>Progress Software Corporation </title>
        <cusip>743312100</cusip>
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          <isin value="US7433121008"/>
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        <balance>5888.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YETI HOLDINGS INC</name>
        <lei>549300DSQICIGNT5GO63</lei>
        <title>YETI Holdings, Inc. </title>
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          <isin value="US98585X1046"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ADIENT PLC</name>
        <lei>5493002QLDY8O75RTR78</lei>
        <title>Adient plc </title>
        <cusip>G0084W101</cusip>
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          <isin value="IE00BD845X29"/>
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        <balance>33790.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VENTAS INC</name>
        <lei>ORQTRC074CWLT3DKHT41</lei>
        <title>Ventas, Inc. REIT</title>
        <cusip>92276F100</cusip>
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          <isin value="US92276F1003"/>
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        <balance>3108.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SELECTIVE INSURANCE GROUP INC</name>
        <lei>549300R3WGJWLE40R258</lei>
        <title>Selective Insurance Group, Inc. </title>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NOBLE CORP PLC</name>
        <lei>549300I3HBUNXO0OG954</lei>
        <title>Noble Corp plc </title>
        <cusip>G65431127</cusip>
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          <isin value="GB00BMXNWH07"/>
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        <balance>77031.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OMEGA HEALTHCARE INVESTORS INC</name>
        <lei>549300OJ7ENK42CZ8E73</lei>
        <title>Omega Healthcare Investors, Inc. REIT</title>
        <cusip>681936100</cusip>
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          <isin value="US6819361006"/>
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        <balance>15536.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CIRRUS LOGIC INC</name>
        <lei>549300NKSJEM5ZZSSV18</lei>
        <title>Cirrus Logic, Inc. </title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>CALLAWAY GOLF COMPANY</name>
        <lei>5493005UB0KFRKBPCU72</lei>
        <title>Callaway Golf Company </title>
        <cusip>131193104</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ON SEMICONDUCTOR CORP</name>
        <lei>ZV20P4CNJVT8V1ZGJ064</lei>
        <title>ON Semiconductor Corporation </title>
        <cusip>682189105</cusip>
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        <balance>6619.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>CORSAIR GAMING INC</name>
        <lei>549300Y7YT18L8G0H525</lei>
        <title>Corsair Gaming, Inc. </title>
        <cusip>22041X102</cusip>
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        <balance>20973.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>PROVIDENT FINANCIAL SERVICES INC</name>
        <lei>529900JOSO3SXEDVE477</lei>
        <title>Provident Financial Services, Inc. </title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>RESIDEO TECHNOLOGIES INC</name>
        <lei>5493006TKFPYISY2DS54</lei>
        <title>Resideo Technologies, Inc. </title>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ENOVIS CORP</name>
        <lei>635400OP2DYYYMOIYL17</lei>
        <title>Enovis Corporation </title>
        <cusip>194014502</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>US FOODS HOLDING CORP</name>
        <lei>549300UGOZSO64CFPR97</lei>
        <title>US Foods Holding Corporation </title>
        <cusip>912008109</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>RINGCENTRAL INC</name>
        <lei>549300C8EH0H1614VE84</lei>
        <title>RingCentral, Inc. Class A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>RADIAN GROUP INC</name>
        <lei>54930005OUP720S5U385</lei>
        <title>Radian Group, Inc. </title>
        <cusip>750236101</cusip>
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        <balance>5117.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CONOCOPHILLIPS</name>
        <lei>WPTL2Z3FIYTHSP5V2253</lei>
        <title>ConocoPhillips </title>
        <cusip>20825C104</cusip>
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        <balance>15940.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1657122.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>LINCOLN NATIONAL CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KEYCORP</name>
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        <name>TIMKEN COMPANY (THE)</name>
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        <name>GRAPHIC PACKAGING HOLDING COMPANY</name>
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        <title>Graphic Packaging Holding Company </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>CRANE NXT COMPANY</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>BANK OZK</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALPHA AND OMEGA SEMICONDUCTOR LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RALLIANT CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>VANGUARD INDEX FUNDS</name>
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        <name>WENDY'S COMPANY (THE)</name>
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        <name>SOUTHSTATE BANK CORP</name>
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        <name>CARTER'S INC</name>
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        <name>PAYPAL HOLDINGS INC</name>
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        <title>PayPal Holdings, Inc. </title>
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        <fairValLevel>1</fairValLevel>
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        <name>RYDER SYSTEM INC</name>
        <lei>ZXJ6Y2OSPZXIVGRILD15</lei>
        <title>Ryder System, Inc. </title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITED RENTALS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>NUTANIX INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GATES INDUSTRIAL CORP PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ACADIA REALTY TRUST</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ARBOR REALTY TRUST INC</name>
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        <name>MAPLEBEAR INC</name>
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        <name>OWENS CORNING</name>
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        <name>FLAGSTAR BANK NA</name>
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        <name>SCHNEIDER NATIONAL INC</name>
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        <name>HP INC</name>
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        <name>STANLEY BLACK &amp; DECKER INC</name>
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        <name>STANDARDAERO INC</name>
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        <name>SOLAREDGE TECHNOLOGIES INC</name>
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        <name>BREAD FINANCIAL HOLDINGS INC</name>
        <lei>549300G8S4PO686J7H97</lei>
        <title>Bread Financial Holdings, Inc. </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>AGREE REALTY CORP</name>
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        <name>ONEOK INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>SLM CORP (SALLIE MAE)</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>HF SINCLAIR CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>EXTREME NETWORKS INC</name>
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        <title>Edgewell Personal Care Company </title>
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        <name>CROCS INC</name>
        <lei>549300B0J6YCXD63OG72</lei>
        <title>Crocs, Inc. </title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AECOM</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KINETIK HOLDINGS INC</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CELANESE CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FLOOR &amp; DECOR HOLDINGS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UMB FINANCIAL CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>APOLLO COMMERCIAL REAL ESTATE FINANCE INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ADT INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>FIRST AMERICAN FINANCIAL CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>FOX FACTORY HOLDING CORP</name>
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        <title>Fox Factory Holding Corporation </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ADAPTHEALTH CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>MGM RESORTS INTERNATIONAL</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>MUELLER WATER PRODUCTS INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>AMERIS BANCORP</name>
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        <title>Ameris Bancorp </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>TANDEM DIABETES CARE INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>KB HOME</name>
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        <title>KB Home </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>OLD REPUBLIC INTERNATIONAL CORP</name>
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        <title>Old Republic International Corporation </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ALEXANDRIA REAL ESTATE EQUITIES INC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>ALLIANT ENERGY CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>COGNEX CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>CHEMOURS COMPANY (THE)</name>
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        <title>Chemours Company (The) </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>OSHKOSH CORP</name>
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        <title>Oshkosh Corporation </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>BRUNSWICK CORP</name>
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        <title>Brunswick Corp </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>PENTAIR PLC</name>
        <lei>549300EVR9D56WPSRP15</lei>
        <title>Pentair plc </title>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>EXELON CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>SOUTHWEST AIRLINES COMPANY</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>CUSHMAN &amp; WAKEFIELD LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>N/A</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <title>RH </title>
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        <fairValLevel>1</fairValLevel>
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        <title>Sarepta Therapeutics, Inc. </title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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    <signature>
      <ncom:dateSigned>2026-08-19</ncom:dateSigned>
      <ncom:nameOfApplicant>New Age Alpha Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Keith D. Kemp</ncom:signature>
      <ncom:signerName>Keith D. Kemp</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
