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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>HEALTHEQUITY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GRACO 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>VALLEY NATIONAL BANCORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TRAVEL PLUS LEISURE COMPANY</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GRAPHIC PACKAGING HOLDING COMPANY</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>TRANSUNION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SELECTIVE INSURANCE GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>STIFEL FINANCIAL CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>LANTHEUS HOLDINGS INC</name>
        <lei>5299005HUB5IOJGO7S39</lei>
        <title>LANTHEUS HOLDINGS INC COM</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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        <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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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>LANDSTAR SYSTEM INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DYNATRACE INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ESSENT GROUP LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BOOZ ALLEN HAMILTON HOLDING CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VIAVI SOLUTIONS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KITE REALTY GROUP TRUST</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HIMS &amp; HERS HEALTH INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>COLUMBIA BANKING SYSTEM INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SYNAPTICS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OPTION CARE HEALTH INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TENET HEALTHCARE CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN FINANCIAL GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ELF BEAUTY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OSHKOSH CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MSC INDUSTRIAL DIRECT CO INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>WESCO INTERNATIONAL INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>CHEMED CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>AEROVIRONMENT INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PINNACLE FINANCIAL PARTNERS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OLLIE'S BARGAIN OUTLET HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AFFILIATED MANAGERS GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FLOWSERVE CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ESAB CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SENSATA TECHNOLOGIES HOLDING PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>LEAR CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OKTA INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALLY FINANCIAL INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BWX TECHNOLOGIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TD SYNNEX CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FEDERATED HERMES 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>GLOBUS MEDICAL INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ITT INC</name>
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        <name>INDEPENDENCE REALTY TRUST INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AVNET INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RLI CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>FTI CONSULTING INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GXO LOGISTICS INC</name>
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        <title>GXO LOGISTICS INC COMMON STOCK</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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        <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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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>BNP PARIBAS</name>
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        <name>CRANE COMPANY</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>WARNER MUSIC GROUP CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PILGRIM'S PRIDE CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALLEGRO MICROSYSTEMS INC</name>
        <lei>N/A</lei>
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          <isin value="US01749D1054"/>
          <ticker value="ALGM"/>
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        <curCd>USD</curCd>
        <valUSD>295798114.24000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEWMARKET CORP</name>
        <lei>54930082CG88ERDREQ47</lei>
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          <ticker value="NEU"/>
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        <curCd>USD</curCd>
        <valUSD>206869698.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EVERCORE INC</name>
        <lei>529900P6KLPT95DW3W58</lei>
        <title>EVERCORE INC CLASS A</title>
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          <isin value="US29977A1051"/>
          <ticker value="EVR"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>EAGLE MATERIALS INC</name>
        <lei>529900KRXRGXL61SG039</lei>
        <title>EAGLE MATERIALS INC COM</title>
        <cusip>26969P108</cusip>
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          <isin value="US26969P1084"/>
          <ticker value="EXP"/>
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        <curCd>USD</curCd>
        <valUSD>242066925.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OLD NATIONAL BANCORP</name>
        <lei>549300MMK90CL5KMVX16</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>CYTOKINETICS INC</name>
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          <ticker value="CYTK"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KILROY REALTY CORP</name>
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          <ticker value="KRC"/>
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        <fairValLevel>1</fairValLevel>
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        <name>MERRILL LYNCH INTERNATIONAL</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NVENT ELECTRIC PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>WINGSTOP INC</name>
        <lei>549300SSH3F8HPIM3Q47</lei>
        <title>WINGSTOP INC COM</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DIGITALOCEAN HOLDINGS INC</name>
        <lei>549300EPISPY3RE3DL21</lei>
        <title>DIGITALOCEAN HOLDINGS INC COM</title>
        <cusip>25402D102</cusip>
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          <isin value="US25402D1028"/>
          <ticker value="DOCN"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COCA-COLA CONSOLIDATED INC</name>
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          <ticker value="COKE"/>
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        <fairValLevel>1</fairValLevel>
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        <name>WATTS WATER TECHNOLOGIES INC</name>
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        <title>WATTS WATER TECHNOLOGIES INC CL A</title>
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          <ticker value="WTS"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KB HOME</name>
        <lei>549300LGUCWQURMWLG09</lei>
        <title>KB HOME COM</title>
        <cusip>48666K109</cusip>
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          <ticker value="KBH"/>
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        <fairValLevel>1</fairValLevel>
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        <name>SAIA INC</name>
        <lei>549300WNPG4N9GBOYB29</lei>
        <title>SAIA INC COM</title>
        <cusip>78709Y105</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>VALVOLINE INC</name>
        <lei>549300CMHPBEY6VPOT75</lei>
        <title>VALVOLINE INC COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>TXNM ENERGY INC</name>
        <lei>5493003JOBJGLZSDDQ28</lei>
        <title>TXNM ENERGY INC COM</title>
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        <fairValLevel>1</fairValLevel>
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        <name>JONES LANG LASALLE INC</name>
        <lei>6SYKCME112RT8TQUO411</lei>
        <title>JONES LANG LASALLE INC COM</title>
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          <ticker value="JLL"/>
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        <fairValLevel>1</fairValLevel>
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        <name>VORNADO REALTY TRUST</name>
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        <title>VORNADO REALTY TRUST SH BEN INT</title>
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        <fairValLevel>1</fairValLevel>
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        <name>NATIONAL FUEL GAS COMPANY</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>NATIONAL FUEL GAS COMPANY COM</title>
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          <ticker value="NFG"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>AGREE REALTY CORP</name>
        <lei>98450090H010B37OEB68</lei>
        <title>AGREE REALTY CORP COM</title>
        <cusip>008492100</cusip>
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          <ticker value="ADC"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>STANDARDAERO INC</name>
        <lei>N/A</lei>
        <title>STANDARDAERO INC COM</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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        <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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        <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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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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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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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ENSIGN GROUP INC (THE)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>REXFORD INDUSTRIAL REALTY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FIRST FINANCIAL BANKSHARES INC (TEXAS)</name>
        <lei>549300XN3GTGOENGNV49</lei>
        <title>FIRST FINANCIAL BANKSHARES INC (TEXAS) COM</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>SOUTHSTATE BANK CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PEGASYSTEMS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ILLUMINA 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>PBF ENERGY INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>APPLIED INDUSTRIAL TECHNOLOGIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HECLA MINING COMPANY</name>
        <lei>5493009Y6HOBZD1QD537</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>HEALTHCARE REALTY TRUST INC</name>
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        <title>HEALTHCARE REALTY TRUST INC CL A COM</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OZK</name>
        <lei>549300VYK2WBD7SST478</lei>
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          <isin value="US06417N1037"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KBR INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SABRA HEALTH CARE REIT INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VOYA FINANCIAL INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>RYDER SYSTEM INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RH INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MURPHY OIL CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ENTEGRIS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SONOCO PRODUCTS COMPANY</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CARLISLE COMPANIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TTM TECHNOLOGIES INC</name>
        <lei>549300SC4BDOIS008048</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>DOLBY LABORATORIES INC</name>
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        <title>DOLBY LABORATORIES INC COM CL A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>FORTUNE BRANDS INNOVATIONS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DENTSPLY SIRONA INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CIRRUS LOGIC INC</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>ATI INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INTERDIGITAL INC</name>
        <lei>529900HQAUTC3VI47G64</lei>
        <title>INTERDIGITAL INC COM</title>
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          <ticker value="IDCC"/>
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        <fairValLevel>1</fairValLevel>
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        <name>VAIL RESORTS INC</name>
        <lei>529900PSZHRNU9HKH870</lei>
        <title>VAIL RESORTS INC COM</title>
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          <ticker value="MTN"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HF SINCLAIR CORP</name>
        <lei>2549009G116AM01XHN24</lei>
        <title>HF SINCLAIR CORP COM</title>
        <cusip>403949100</cusip>
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          <ticker value="DINO"/>
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        <valUSD>365240421.00000000</valUSD>
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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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        <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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        <fairValLevel>1</fairValLevel>
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        <name>API GROUP CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>INGREDION INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UIPATH INC</name>
        <lei>5493000YP61KBELDHT53</lei>
        <title>UIPATH INC CL A</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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        <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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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>MACOM TECHNOLOGY SOLUTIONS HOLDINGS 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>EAST WEST BANCORP 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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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>RENAISSANCERE HOLDINGS LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>VISTEON CORP</name>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXSTAR MEDIA GROUP INC</name>
        <lei>52990083ZRR5UT591988</lei>
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          <isin value="US65336K1034"/>
          <ticker value="NXST"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>FIVE BELOW INC</name>
        <lei>529900AAXP5Z6BGI7418</lei>
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          <isin value="US33829M1018"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>REINSURANCE GROUP OF AMERICA INC</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
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          <isin value="US7593516047"/>
          <ticker value="RGA"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MKS INC</name>
        <lei>549300KEQATBHAGVF505</lei>
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          <isin value="US55306N1046"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PINTEREST INC</name>
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          <isin value="US72352L1061"/>
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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>UMB FINANCIAL CORP</name>
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          <isin value="US9027881088"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ABERCROMBIE &amp; FITCH COMPANY</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BOSTON BEER COMPANY INC (THE)</name>
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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>GRAHAM HOLDINGS CO</name>
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          <isin value="US3846371041"/>
          <ticker value="GHC"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GUIDEWIRE SOFTWARE INC</name>
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          <isin value="US40171V1008"/>
          <ticker value="GWRE"/>
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        <fairValLevel>1</fairValLevel>
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        <name>EASTGROUP PROPERTIES INC</name>
        <lei>31TIGQQZC4P6JMHKSW85</lei>
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          <ticker value="EGP"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SOMNIGROUP INTERNATIONAL INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MAXIMUS INC</name>
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          <ticker value="MMS"/>
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        <fairValLevel>1</fairValLevel>
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        <name>KNIFE RIVER CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WHIRLPOOL CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FLOOR &amp; DECOR HOLDINGS INC</name>
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        <title>FLOOR &amp; DECOR HOLDINGS INC CL A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>DUTCH BROS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>V.F. CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ONE GAS INC</name>
        <lei>549300HXDWI0LATTX840</lei>
        <title>ONE GAS INC COM</title>
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          <ticker value="OGS"/>
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        <fairValLevel>1</fairValLevel>
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        <name>REPLIGEN CORP</name>
        <lei>54930006QJ0T5AUO1E71</lei>
        <title>REPLIGEN CORP COM</title>
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          <ticker value="RGEN"/>
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        <fairValLevel>1</fairValLevel>
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        <name>GENTEX CORP</name>
        <lei>549300S3UD8XV1MN0287</lei>
        <title>GENTEX CORP COM</title>
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          <ticker value="GNTX"/>
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        <fairValLevel>1</fairValLevel>
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        <name>BRUNSWICK CORP</name>
        <lei>YM4O38W15AX4YLLQKU27</lei>
        <title>BRUNSWICK CORP COM</title>
        <cusip>117043109</cusip>
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          <ticker value="BC"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>KYNDRYL HOLDINGS INC</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
        <title>KYNDRYL HOLDINGS INC COMMON STOCK</title>
        <cusip>50155Q100</cusip>
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          <isin value="US50155Q1004"/>
          <ticker value="KD"/>
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        <balance>7707914.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OVINTIV INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEXTPOWER INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CARPENTER TECHNOLOGY CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RAYONIER INC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DT MIDSTREAM INC</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>WEATHERFORD INTERNATIONAL PLC</name>
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        <curCd>USD</curCd>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LOUISIANA PACIFIC CORP</name>
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          <ticker value="LPX"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ADVANCED ENERGY INDUSTRIES INC</name>
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          <ticker value="AEIS"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WEX INC</name>
        <lei>T9M5IGROL1TL1G5OV478</lei>
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          <isin value="US96208T1043"/>
          <ticker value="WEX"/>
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        <balance>1185336.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>RELIANCE INC</name>
        <lei>549300E287ZOFT3C5Z56</lei>
        <title>RELIANCE INC COM</title>
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          <isin value="US7595091023"/>
          <ticker value="RS"/>
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        <balance>1747000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>FIDELITY NATIONAL FINANCIAL INC</name>
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        <title>FIDELITY NATIONAL FINANCIAL INC COM SHS</title>
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          <ticker value="FNF"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MERRILL LYNCH INTERNATIONAL</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
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        <name>IPG PHOTONICS CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CRANE NXT COMPANY</name>
        <lei>549300EXNPSXEWUD3N21</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>MSA SAFETY INC</name>
        <lei>529900DVA3258XK11O39</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>OMEGA HEALTHCARE INVESTORS INC</name>
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        <title>OMEGA HEALTHCARE INVESTORS INC COM</title>
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          <ticker value="OHI"/>
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        <fairValLevel>1</fairValLevel>
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        <name>PLANET FITNESS INC</name>
        <lei>549300LLE5HUPF6H8G33</lei>
        <title>PLANET FITNESS INC CL A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>TALEN ENERGY CORP</name>
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          <ticker value="TLN"/>
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        <fairValLevel>1</fairValLevel>
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        <name>ONTO INNOVATION INC</name>
        <lei>254900RXZVN73CHOO062</lei>
        <title>ONTO INNOVATION INC COM</title>
        <cusip>683344105</cusip>
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          <ticker value="ONTO"/>
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        <fairValLevel>1</fairValLevel>
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        <name>TECHNIPFMC PLC</name>
        <lei>549300D5I93QWCJTCK36</lei>
        <title>TECHNIPFMC PLC USD1</title>
        <cusip>000000000</cusip>
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          <ticker value="FTI"/>
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        <curCd>USD</curCd>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>485464408.65000000</valUSD>
        <pctVal>0.390462862617</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>AMERICAN HOMES 4 RENT</name>
        <lei>549300ZJUO7A58PNUW40</lei>
        <title>AMERICAN HOMES 4 RENT CL A</title>
        <cusip>02665T306</cusip>
        <identifiers>
          <isin value="US02665T3068"/>
          <ticker value="AMH"/>
        </identifiers>
        <balance>10840384.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>363369671.68000000</valUSD>
        <pctVal>0.292261100225</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>VALARIS LTD</name>
        <lei>5299008BQ9IREYWBTS30</lei>
        <title>VALARIS LTD CL A</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9460G1015"/>
          <ticker value="VAL"/>
          <other otherDesc="SEDOL" value="BMY0YX0"/>
        </identifiers>
        <balance>2205140.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>160093164.00000000</valUSD>
        <pctVal>0.128764197718</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="442860.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CELSIUS HOLDINGS INC</name>
        <lei>N/A</lei>
        <title>CELSIUS HOLDINGS INC COM NEW</title>
        <cusip>15118V207</cusip>
        <identifiers>
          <isin value="US15118V2079"/>
          <ticker value="CELH"/>
        </identifiers>
        <balance>5418971.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>158667470.88000000</valUSD>
        <pctVal>0.127617501469</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="132339656.16000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MERRILL LYNCH INTERNATIONAL</name>
        <lei>GGDZP1UYGU9STUHRDP48</lei>
        <title>CFD UNITED BANKSHARES INC/WV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="INTERNAL" value="MA2905794"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>12613.09000000</valUSD>
        <pctVal>0.000010144808</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>MERRILL LYNCH INTERNATIONAL</counterpartyName>
              <counterpartyLei>GGDZP1UYGU9STUHRDP48</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>UNITED BANKSHARES INC</issuerName>
                <issueTitle>UNITED BANKSHARES INC COM</issueTitle>
                <identifiers>
                  <cusip value="909907107"/>
                  <isin value="US9099071071"/>
                  <ticker value="UBSI"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <otherRecDesc fixedOrFloating="Other">Performance Leg</otherRecDesc>
            <floatingPmntDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="OVERNIGHT BANK FUNDING RATE" floatingRtSpread="0.40000000" pmntAmt="-807112.79000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="1" resetDt="Day" resetDtUnit="1"/>
              </rtResetTenors>
            </floatingPmntDesc>
            <terminationDt>2028-02-15</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>17900.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>12613.09000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNITED BANKSHARES INC</name>
        <lei>5299005O3BAMJ9Z92V62</lei>
        <title>UNITED BANKSHARES INC COM</title>
        <cusip>909907107</cusip>
        <identifiers>
          <isin value="US9099071071"/>
          <ticker value="UBSI"/>
        </identifiers>
        <balance>4696980.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>215262593.40000000</valUSD>
        <pctVal>0.173137406029</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>ASSOCIATED BANC-CORP</name>
        <lei>549300N3CIN473IW5094</lei>
        <title>ASSOCIATED BANC-CORP COM</title>
        <cusip>045487105</cusip>
        <identifiers>
          <isin value="US0454871056"/>
          <ticker value="ASB"/>
        </identifiers>
        <balance>5585338.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>171860850.26000000</valUSD>
        <pctVal>0.138229040829</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>NOV INC</name>
        <lei>549300EHF3IW1AR6U008</lei>
        <title>NOV INC COM</title>
        <cusip>62955J103</cusip>
        <identifiers>
          <isin value="US62955J1034"/>
          <ticker value="NOV"/>
        </identifiers>
        <balance>12283616.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>227861076.80000000</valUSD>
        <pctVal>0.183270465848</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>RAMBUS INC</name>
        <lei>2549000211GDCQSLV833</lei>
        <title>RAMBUS INC COM</title>
        <cusip>750917106</cusip>
        <identifiers>
          <isin value="US7509171069"/>
          <ticker value="RMBS"/>
        </identifiers>
        <balance>3700646.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>491223750.04000000</valUSD>
        <pctVal>0.395095146438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1486688.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TOLL BROTHERS INC</name>
        <lei>529900JB6IS9MSZGVR44</lei>
        <title>TOLL BROTHERS INC COM</title>
        <cusip>889478103</cusip>
        <identifiers>
          <isin value="US8894781033"/>
          <ticker value="TOL"/>
        </identifiers>
        <balance>3241139.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>533977650.25000000</valUSD>
        <pctVal>0.429482446447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
      
      <explntrNote note="IBORs are undergoing a change as regulators and industry groups have recommended that firms consider adoption of alternative, overnight risk-free rates (RFRs). Floating rate swap terms reflected as Libors may be using the RFR to calculate the actual rate." noteItem="C.11.f.i.2"/>
      
      
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-25</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
