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        <fairValLevel>1</fairValLevel>
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        <name>Littelfuse, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Antero Resources Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Annaly Capital Management, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Texas Roadhouse, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Vicor Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EPR Properties</name>
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        <fairValLevel>1</fairValLevel>
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        <name>American Homes 4 Rent</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RLI Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>XPO, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Voya Financial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Columbia Sportswear Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Prosperity Bancshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Essential Utilities, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Clean Harbors, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lear Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TechnipFMC PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kirby Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Avantor, 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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        <name>AutoNation, Inc.</name>
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        <title>AutoNation, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>UL Solutions Inc.</name>
        <lei>549300F7CUV5ESKV9P71</lei>
        <title>UL Solutions Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Neurocrine Biosciences, Inc.</name>
        <lei>549300FECER0XBN49756</lei>
        <title>Neurocrine Biosciences, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>First Financial Bankshares, Inc.</name>
        <lei>549300XN3GTGOENGNV49</lei>
        <title>First Financial Bankshares, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Whirlpool Corp.</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>Whirlpool Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Moog Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Brixmor Property Group Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Stifel Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Elanco Animal Health Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gaming and Leisure Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UMB Financial Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SEI Investments Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Tetra Tech, Inc.</name>
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        <title>Tetra Tech, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RPM International Inc.</name>
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        <title>RPM International Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Woodward, Inc.</name>
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        <title>Woodward, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>FirstCash Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lincoln Electric Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bath &amp; Body Works, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>STAG Industrial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Jefferies Financial Group 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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        <name>Regal Rexnord Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Morningstar, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Park Hotels &amp; Resorts Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RBC Bearings Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Kratos Defense &amp; Security Solutions, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AGCO Corp.</name>
        <lei>LYOM0B2GCF1JWXK5ZG04</lei>
        <title>AGCO Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Rayonier Inc.</name>
        <lei>HGV8VDVNL0W6SF2U9C50</lei>
        <title>Rayonier Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Knight-Swift Transportation Holdings Inc.</name>
        <lei>2549007VHKP3K6E1XF67</lei>
        <title>Knight-Swift Transportation Holdings Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Arrow Electronics, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Travel + Leisure Co.</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>Travel + Leisure Co.</title>
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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>Penske Automotive Group, Inc.</name>
        <lei>549300W7UTQ0M4C7LB15</lei>
        <title>Penske Automotive Group, Inc.</title>
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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>NOV Inc.</name>
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        <title>NOV Inc.</title>
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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>Advanced Energy Industries, Inc.</name>
        <lei>549300756XI3QLFT2U27</lei>
        <title>Advanced Energy Industries, Inc.</title>
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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>Kyndryl Holdings, Inc.</name>
        <lei>549300LQ4LWX2R8ZV130</lei>
        <title>Kyndryl Holdings, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US Foods Holding Corp.</name>
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        <title>US Foods Holding Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Visteon Corp.</name>
        <lei>549300MOVLYHRW4GGW78</lei>
        <title>Visteon Corp.</title>
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        <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>Crown Holdings, Inc.</name>
        <lei>NYLWZIOY8PUNIT4JOE22</lei>
        <title>Crown Holdings, Inc.</title>
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        <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>Curtiss-Wright Corp.</name>
        <lei>TEL51ETZWP7D0ZM4X325</lei>
        <title>Curtiss-Wright Corp.</title>
        <cusip>231561101</cusip>
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        <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>Lattice Semiconductor Corp.</name>
        <lei>549300LRBBPZDQ2II567</lei>
        <title>Lattice Semiconductor Corp.</title>
        <cusip>518415104</cusip>
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        <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>Landstar System, Inc.</name>
        <lei>254900CUQXQRL09MEI52</lei>
        <title>Landstar System, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>WESCO International, Inc.</name>
        <lei>529900TXOGREY3WNJ434</lei>
        <title>WESCO International, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>BioMarin Pharmaceutical Inc.</name>
        <lei>NSLL8ITTRR0J5HEMR848</lei>
        <title>BioMarin Pharmaceutical Inc.</title>
        <cusip>09061G101</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>UiPath, Inc.</name>
        <lei>5493000YP61KBELDHT53</lei>
        <title>UiPath, Inc., Class A</title>
        <cusip>90364P105</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>GameStop Corp.</name>
        <lei>549300505KLOET039L77</lei>
        <title>GameStop Corp., Class A</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Alaska Air Group, Inc.</name>
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        <title>Alaska Air Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Kite Realty Group Trust</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ovintiv Inc.</name>
        <lei>2549003MEX7YMKLGI239</lei>
        <title>Ovintiv Inc.</title>
        <cusip>69047Q102</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Scotts Miracle-Gro Co. (The)</name>
        <lei>2TH9E0JTOUXOEGI2R879</lei>
        <title>Scotts Miracle-Gro Co. (The)</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Brink's Co. (The)</name>
        <lei>XFP140TFNOQMIVFTVQ13</lei>
        <title>Brink's Co. (The)</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Valmont Industries, Inc.</name>
        <lei>5493009ZGZJJ8F77JN08</lei>
        <title>Valmont Industries, Inc.</title>
        <cusip>920253101</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Science Applications International Corp.</name>
        <lei>549300LZPNZIXQGZPZ48</lei>
        <title>Science Applications International Corp.</title>
        <cusip>808625107</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Columbia Banking System, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Rambus Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Independence Realty Trust, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Performance Food Group Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Ashland Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First American Financial Corp.</name>
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        <title>First American Financial Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Zions Bancorp., N.A.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ExlService Holdings, 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>Cirrus Logic, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Acuity Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KB Home</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Saia, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sonoco Products Co.</name>
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        <name>Ollie's Bargain Outlet Holdings, Inc.</name>
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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>Okta, Inc.</name>
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        <name>CNH Industrial N.V.</name>
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        <name>Jazz Pharmaceuticals PLC</name>
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        <name>V.F. Corp.</name>
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        <name>Hyatt Hotels Corp.</name>
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        <name>Fidelity National Financial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Somnigroup International Inc.</name>
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        <title>Somnigroup International Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Universal Display Corp.</name>
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        <title>Universal Display Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Crocs, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Pinterest, 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>DT Midstream, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Thor Industries, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Avient Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RenaissanceRe Holdings Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Coca-Cola Consolidated, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>United Therapeutics Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Cousins Properties Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Burlington Stores, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Royal Gold, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hexcel Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>InterDigital, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sotera Health Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CNX Resources Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KBR, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Wyndham Hotels &amp; Resorts, Inc.</name>
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        <name>New York Times Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RB Global, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Exelixis, Inc.</name>
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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>Eagle Materials Inc.</name>
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        <title>Eagle Materials Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Halozyme Therapeutics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Bio-Rad Laboratories, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CareTrust REIT, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Viper Energy, Inc.</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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        <name>Sensata Technologies Holding PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Primerica, Inc.</name>
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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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        <name>Graco Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Eastgroup Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Booz Allen Hamilton Holding Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Marzetti Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NewMarket Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Twilio Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>StandardAero, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Unum Group</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Post Holdings, Inc.</name>
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        <name>ESAB Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EnerSys</name>
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        <name>Agree Realty Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>W.P. Carey Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SPX Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Silgan Holdings Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Kinsale Capital Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dolby Laboratories, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Lithia Motors, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Brighthouse Financial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Chord Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>e.l.f. Beauty, 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>Cleveland-Cliffs Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ormat Technologies, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Equity LifeStyle Properties, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Axalta Coating Systems Ltd.</name>
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        <title>Axalta Coating Systems Ltd.</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Dick's Sporting Goods, Inc.</name>
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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>New Jersey Resources Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>International Bancshares Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Antero Midstream Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Louisiana-Pacific Corp.</name>
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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>Healthcare Realty Trust Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Graham Holdings Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Duolingo, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hancock Whitney Corp.</name>
        <lei>549300GRNBWY8HIICT41</lei>
        <title>Hancock Whitney Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Churchill Downs Inc.</name>
        <lei>529900FODTBQC8MIS994</lei>
        <title>Churchill Downs Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>United Bankshares, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MGIC Investment Corp.</name>
        <lei>254900S8483WM4M98R28</lei>
        <title>MGIC Investment Corp.</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>Albertsons Cos., Inc.</name>
        <lei>549300YKWOC0AOR16R51</lei>
        <title>Albertsons Cos., Inc., Class A</title>
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          <isin value="US0130911037"/>
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        <payoffProfile>Long</payoffProfile>
        <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>CACI International Inc.</name>
        <lei>SYRPI2D1O9WRTS2WX210</lei>
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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>MasTec, Inc.</name>
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        <title>MasTec, Inc.</title>
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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>COPT Defense Properties</name>
        <lei>YY1J47X6LF9TYY8JY420</lei>
        <title>COPT Defense Properties</title>
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          <isin value="US22002T1088"/>
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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>Vornado Realty Trust</name>
        <lei>N/A</lei>
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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>East West Bancorp, Inc.</name>
        <lei>254900O4X656YXFOYB11</lei>
        <title>East West Bancorp, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Macy's, Inc.</name>
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        <title>Macy's, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Ensign Group, Inc. (The)</name>
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        <title>Ensign Group, Inc. (The)</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American Airlines Group Inc.</name>
        <lei>IWUQB36BXD6OWD6X4T14</lei>
        <title>American Airlines Group Inc.</title>
        <cusip>02376R102</cusip>
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          <isin value="US02376R1023"/>
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        <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>Onto Innovation Inc.</name>
        <lei>254900RXZVN73CHOO062</lei>
        <title>Onto Innovation Inc.</title>
        <cusip>683344105</cusip>
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          <isin value="US6833441057"/>
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        <balance>6358.00000000</balance>
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        <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>FTI Consulting, Inc.</name>
        <lei>549300K17GM8EQD0FQ48</lei>
        <title>FTI Consulting, Inc.</title>
        <cusip>302941109</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Glacier Bancorp, Inc.</name>
        <lei>549300SMJAUKZB5D7V74</lei>
        <title>Glacier Bancorp, Inc.</title>
        <cusip>37637Q105</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Entegris, Inc.</name>
        <lei>IYX6OWO7BT5DKO3BYG52</lei>
        <title>Entegris, Inc.</title>
        <cusip>29362U104</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Genpact Ltd.</name>
        <lei>529900OSEC6Q0L4L5B35</lei>
        <title>Genpact Ltd.</title>
        <cusip>G3922B107</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>nVent Electric PLC</name>
        <lei>21380063ZX54EUEMBR73</lei>
        <title>nVent Electric PLC</title>
        <cusip>G6700G107</cusip>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Aramark</name>
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        <title>Aramark</title>
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        <fairValLevel>1</fairValLevel>
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        <name>HealthEquity, Inc.</name>
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        <title>HealthEquity, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Weatherford International PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Greif, Inc.</name>
        <lei>54930070FVGKR0Z1FI24</lei>
        <title>Greif, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Paylocity Holding Corp.</name>
        <lei>549300VH75FTB4DIEE07</lei>
        <title>Paylocity Holding Corp.</title>
        <cusip>70438V106</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>SLM Corp.</name>
        <lei>4K8SLPBF5DXXGPW03H93</lei>
        <title>SLM Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Starwood Property Trust, Inc.</name>
        <lei>BUGSFQZERKRBFWIG5267</lei>
        <title>Starwood Property Trust, Inc.</title>
        <cusip>85571B105</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Ryder System, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>Terex Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Range Resources Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Belden Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>First Horizon Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Invesco Private Prime Fund</name>
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        <name>MSA Safety Inc.</name>
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        <name>LivaNova PLC</name>
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        <name>Envista Holdings Corp.</name>
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        <name>Kilroy Realty Corp.</name>
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        <name>AeroVironment, Inc.</name>
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        <name>Western Alliance Bancorporation</name>
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        <name>ITT Inc.</name>
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        <name>American Healthcare REIT, Inc.</name>
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        <name>Gentex Corp.</name>
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        <name>Carlyle Group Inc. (The)</name>
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        <name>Hilton Grand Vacations Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Black Hills Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Lamar Advertising Co.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SouthState Bank Corp.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oshkosh Corp.</name>
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        <title>Oshkosh Corp.</title>
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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>Mattel, Inc.</name>
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        <title>Mattel, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MSC Industrial Direct Co., Inc.</name>
        <lei>0XVKH0LN6YGOWO2EGO17</lei>
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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>Southwest Gas Holdings, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nextpower Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Vail Resorts, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Solstice Advanced Materials Inc.</name>
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        <title>Solstice Advanced Materials Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Spire Inc.</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>Spire Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Darling Ingredients Inc.</name>
        <lei>L1N0SPPKS7EXZYUMZ898</lei>
        <title>Darling Ingredients Inc.</title>
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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>GXO Logistics, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Doximity, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Associated Banc-Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Matador Resources Co.</name>
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        <title>Matador Resources Co.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Hecla Mining Co.</name>
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        <title>Hecla Mining Co.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Wintrust Financial Corp.</name>
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        <title>Wintrust Financial Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>DocuSign, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Everpure Inc.</name>
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        <title>Everpure Inc., Class A</title>
        <cusip>74624M102</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>APi Group Corp.</name>
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        <title>APi Group Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Dycom Industries, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Exponent, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Fluor Corp.</name>
        <lei>CQ7WZ4NOFWT7FAE6Q943</lei>
        <title>Fluor Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>AECOM</name>
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        <title>AECOM</title>
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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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        <name>Carlisle Cos. Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Trex Co., Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Toro Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Crane NXT, Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Olin Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>YETI Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Permian Resources Corp.</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>Boston Beer Co., Inc. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>OGE Energy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Maplebear Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Hamilton Lane Inc.</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>Avnet, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Polaris Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Watsco, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RH</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BJ's Wholesale Club Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Chewy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Reinsurance Group of America, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Allegro Microsystems, Inc.</name>
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        <title>Allegro Microsystems, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Carpenter Technology Corp.</name>
        <lei>DX6I6ZD3X5WNNCDJKP85</lei>
        <title>Carpenter Technology Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Silicon Laboratories Inc.</name>
        <lei>4PRDF8Q9TDHRVZKZSZ47</lei>
        <title>Silicon Laboratories Inc.</title>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Reliance, Inc.</name>
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        <title>Reliance, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Euronet Worldwide, Inc.</name>
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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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        <name>UFP Industries, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Jones Lang LaSalle Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Corebridge Financial, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Arrowhead Pharmaceuticals, Inc.</name>
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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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        <name>GATX Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Invesco Government &amp; Agency Portfolio</name>
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        <assetCat>STIV</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>National Fuel Gas Co.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>TXNM Energy, Inc.</name>
        <lei>5493003JOBJGLZSDDQ28</lei>
        <title>TXNM Energy, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Old Republic International Corp.</name>
        <lei>549300IV6O2YY2A1KH37</lei>
        <title>Old Republic International Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Advanced Drainage Systems, Inc.</name>
        <lei>6QQTOZ5MF5DHM7K92I60</lei>
        <title>Advanced Drainage Systems, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CNO Financial Group, Inc.</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Maximus, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Autoliv, Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Brunswick Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Fabrinet</name>
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        <title>Fabrinet</title>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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        <name>Boyd Gaming Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Medpace Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Westlake Corp.</name>
        <lei>GOXNEVUM0LL78B1OS344</lei>
        <title>Westlake Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>WEX Inc.</name>
        <lei>T9M5IGROL1TL1G5OV478</lei>
        <title>WEX Inc.</title>
        <cusip>96208T104</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Harley-Davidson, Inc.</name>
        <lei>ZDNAWZWXIKMWI51R2A08</lei>
        <title>Harley-Davidson, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Sterling Infrastructure, Inc.</name>
        <lei>549300RZIK6K1215XU51</lei>
        <title>Sterling Infrastructure, Inc.</title>
        <cusip>859241101</cusip>
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        <curCd>USD</curCd>
        <valUSD>2155741.02000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Bentley Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
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        <title>Encompass Health Corp.</title>
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        <payoffProfile>Long</payoffProfile>
        <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>IDACORP, Inc.</name>
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        <payoffProfile>Long</payoffProfile>
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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>Graphic Packaging Holding Co.</name>
        <lei>N/A</lei>
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          <isin value="US3886891015"/>
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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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ONE Gas, Inc.</name>
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        <title>ONE Gas, Inc.</title>
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          <isin value="US68235P1084"/>
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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>Abercrombie &amp; Fitch Co.</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TD SYNNEX Corp.</name>
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        <title>TD SYNNEX Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bank OZK</name>
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        <title>Bank OZK</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Haemonetics Corp.</name>
        <lei>549300ZEL6TXZS6F5F95</lei>
        <title>Haemonetics Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Invesco Private Government Fund</name>
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        <title>Invesco Private Government Fund</title>
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        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sprouts Farmers Market, Inc.</name>
        <lei>529900P8F4G77Q52XE24</lei>
        <title>Sprouts Farmers Market, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cognex Corp.</name>
        <lei>549300JQTYZCLC43S226</lei>
        <title>Cognex Corp.</title>
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        <payoffProfile>Long</payoffProfile>
        <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>Commercial Metals Co.</name>
        <lei>549300OQS2LO07ZJ7N73</lei>
        <title>Commercial Metals Co.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>DigitalOcean Holdings, Inc.</name>
        <lei>549300EPISPY3RE3DL21</lei>
        <title>DigitalOcean Holdings, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>F.N.B. Corp.</name>
        <lei>PCYSKIGYNYFDTBLVZU83</lei>
        <title>F.N.B. Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Pinnacle Financial Partners, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Donaldson Co., Inc.</name>
        <lei>OZE6KXY9QQPR8EJ8WL20</lei>
        <title>Donaldson Co., Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Evercore Inc.</name>
        <lei>529900P6KLPT95DW3W58</lei>
        <title>Evercore Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Middleby Corp. (The)</name>
        <lei>JDFO86U9VQRBKW5KYA35</lei>
        <title>Middleby Corp. (The)</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Commerce Bancshares, Inc.</name>
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        <title>Commerce Bancshares, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Home BancShares, Inc.</name>
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        <title>Home BancShares, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Qualys, Inc.</name>
        <lei>549300EMBXYOW9W1XA17</lei>
        <title>Qualys, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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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>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Murphy USA Inc.</name>
        <lei>549300Y081F8XIKQIO72</lei>
        <title>Murphy USA Inc.</title>
        <cusip>626755102</cusip>
        <identifiers>
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        <balance>1867.00000000</balance>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Five Below, Inc.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gap, Inc. (The)</name>
        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ally Financial Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Omega Healthcare Investors, Inc.</name>
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        <title>Omega Healthcare Investors, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MACOM Technology Solutions Holdings, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pegasystems Inc.</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Timken Co. (The)</name>
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        <title>Timken Co. (The)</title>
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        <balance>8183.00000000</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>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MKS Inc.</name>
        <lei>549300KEQATBHAGVF505</lei>
        <title>MKS Inc.</title>
        <cusip>55306N104</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Federated Hermes, Inc.</name>
        <lei>R05X5UQ874RGFF7HHD84</lei>
        <title>Federated Hermes, Inc., Class B</title>
        <cusip>314211103</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>TTM Technologies, Inc.</name>
        <lei>549300SC4BDOIS008048</lei>
        <title>TTM Technologies, Inc.</title>
        <cusip>87305R109</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Affiliated Managers Group, Inc.</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>Affiliated Managers Group, Inc.</title>
        <cusip>008252108</cusip>
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        <balance>3393.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>AptarGroup, Inc.</name>
        <lei>VNPEQDQFAA7IY1T2PX43</lei>
        <title>AptarGroup, Inc.</title>
        <cusip>038336103</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>PVH Corp.</name>
        <lei>123WALMHY1GZXG2YDL90</lei>
        <title>PVH Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Simpson Manufacturing Co., Inc.</name>
        <lei>529900EJUNNL15LZ8056</lei>
        <title>Simpson Manufacturing Co., Inc.</title>
        <cusip>829073105</cusip>
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        <balance>5642.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Cabot Corp.</name>
        <lei>K05C0SER542GQ6VLRO68</lei>
        <title>Cabot Corp.</title>
        <cusip>127055101</cusip>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Northwestern Energy Group, Inc.</name>
        <lei>254900N1WG46G1VMDM34</lei>
        <title>Northwestern Energy Group, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Sabra Health Care REIT, Inc.</name>
        <lei>549300E3BC7GU7TAZ621</lei>
        <title>Sabra Health Care REIT, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Floor &amp; Decor Holdings, Inc.</name>
        <lei>549300M5FR3N688XGQ36</lei>
        <title>Floor &amp; Decor Holdings, Inc., Class A</title>
        <cusip>339750101</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Houlihan Lokey, Inc.</name>
        <lei>549300S3CNGTQ1QZVY46</lei>
        <title>Houlihan Lokey, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Watts Water Technologies, Inc.</name>
        <lei>549300REJOO94ERQN318</lei>
        <title>Watts Water Technologies, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>NNN REIT, Inc.</name>
        <lei>5493008JKH5SOTI0JS97</lei>
        <title>NNN REIT, Inc.</title>
        <cusip>637417106</cusip>
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        <balance>24379.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>UGI Corp.</name>
        <lei>DX6GCWD4Q1JO9CRE5I40</lei>
        <title>UGI Corp.</title>
        <cusip>902681105</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Rexford Industrial Realty, Inc.</name>
        <lei>549300MSLO0DF0EMX355</lei>
        <title>Rexford Industrial Realty, Inc.</title>
        <cusip>76169C100</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>Old National Bancorp</name>
        <lei>549300MMK90CL5KMVX16</lei>
        <title>Old National Bancorp</title>
        <cusip>680033107</cusip>
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        <balance>45617.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Portland General Electric Co.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Valley National Bancorp</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ingredion Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HF Sinclair Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vontier Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TransUnion</name>
        <lei>549300ZS772LUNUMRB03</lei>
        <title>TransUnion</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mueller Industries, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Parsons Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Manhattan Associates, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Option Care Health, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Grand Canyon Education, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AppFolio, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Service Corp. International</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Flagstar Bank, N.A</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nexstar Media Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BILL Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amkor Technology, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Core &amp; Main, Inc.</name>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Exchange-Traded Fund Trust II</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
