The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
A10 Networks Inc Com 002121101 2,195 132,370 SH   SOLE   132,370 0 0
ABM Industries Inc Com 000957100 1,659 40,622 SH   SOLE   40,622 0 0
ANI Pharmaceuticals Inc Com 00182C103 2,832 61,456 SH   SOLE   61,456 0 0
AZZ Inc Com 002474104 2,609 47,186 SH   SOLE   47,186 0 0
Alamo Group Incorporated Com 011311107 2,571 17,466 SH   SOLE   17,466 0 0
Albany International Corp Com 012348108 887 10,029 SH   SOLE   10,029 0 0
Alico Inc Com 016230104 2,030 54,820 SH   SOLE   54,820 0 0
Alight Inc Com 01626W101 2,910 269,190 SH   SOLE   269,190 0 0
Allied Motion Technologies Inc Com 019330109 4,587 125,708 SH   SOLE   125,708 0 0
Apria Inc Com 03836A101 2,294 70,373 SH   SOLE   70,373 0 0
Arrow Financial Corp Com 042744102 2,118 60,124 SH   SOLE   60,124 0 0
Aviat Networks Inc Com 05366Y201 1,683 52,460 SH   SOLE   52,460 0 0
Axcelis Technologies Inc Com 054540208 2,611 35,014 SH   SOLE   35,014 0 0
Baycom Corp. Com 07272M107 2,033 108,370 SH   SOLE   108,370 0 0
Beacon Roofing Supply Inc Com 073685109 3,389 59,090 SH   SOLE   59,090 0 0
COHU Inc Com 192576106 2,769 72,695 SH   SOLE   72,695 0 0
Cambridge Bancorp Com 132152109 2,097 22,410 SH   SOLE   22,410 0 0
Camden National Corp Com 133034108 5,139 106,708 SH   SOLE   106,708 0 0
Cavco Industries Inc Com 149568107 3,687 11,606 SH   SOLE   11,606 0 0
Central Valley Community Banco Com 155685100 2,060 99,176 SH   SOLE   99,176 0 0
Chase Corporation Com 16150R104 1,981 19,900 SH   SOLE   19,900 0 0
Chesapeake Energy Corp Com 165167735 2,896 44,890 SH   SOLE   44,890 0 0
Chesapeake Utilities Corp Com 165303108 2,851 19,550 SH   SOLE   19,550 0 0
Citi Trends Inc Com 17306X102 2,411 25,450 SH   SOLE   25,450 0 0
City Holding Company Com 177835105 3,187 38,968 SH   SOLE   38,968 0 0
Cleveland-Cliffs Inc Com 185899101 3,533 162,265 SH   SOLE   162,265 0 0
Comfort Systems USA Inc Com 199908104 2,449 24,755 SH   SOLE   24,755 0 0
Commercial Metals Co Com 201723103 3,463 95,422 SH   SOLE   95,422 0 0
Concentrix Corp. Com 20602D101 3,899 21,830 SH   SOLE   21,830 0 0
DLH Holdings Corp Com 23335Q100 2,907 140,310 SH   SOLE   140,310 0 0
EMCOR Group Inc Com 29084Q100 2,508 19,688 SH   SOLE   19,688 0 0
EPR Properties Com 26884U109 2,166 45,620 SH   SOLE   45,620 0 0
Eastern Bankshares Inc Com 27627N105 2,730 135,350 SH   SOLE   135,350 0 0
Encompass Health Corporation Com 29261A100 2,280 34,934 SH   SOLE   34,934 0 0
Ethan Allen Interiors Inc Com 297602104 2,219 84,410 SH   SOLE   84,410 0 0
FTS International Inc Com 30283W302 550 20,970 SH   SOLE   20,970 0 0
Farmers National Banc Corp Com 309627107 2,196 118,370 SH   SOLE   118,370 0 0
Federal Agricultural Mortgage Com 313148306 5,486 44,270 SH   SOLE   44,270 0 0
Financial Institutions Inc Com 317585404 2,382 74,900 SH   SOLE   74,900 0 0
First American Financial Corp Com 31847R102 1,670 21,347 SH   SOLE   21,347 0 0
First Bancorp N.C. Com 318910106 3,276 71,656 SH   SOLE   71,656 0 0
First Community Corp. Com 319835104 2,261 108,300 SH   SOLE   108,300 0 0
First Financial Corp Com 320218100 3,323 73,364 SH   SOLE   73,364 0 0
G-III Apparel Group Limited Com 36237H101 2,828 102,300 SH   SOLE   102,300 0 0
Global Industrial Company Com 37892E102 1,486 36,342 SH   SOLE   36,342 0 0
Global Medical REIT Inc Com 37954A204 2,647 149,151 SH   SOLE   149,151 0 0
Granite Construction Inc Com 387328107 3,007 77,700 SH   SOLE   77,700 0 0
Great Lakes Dredge & Dock Corp Com 390607109 5,349 340,249 SH   SOLE   340,249 0 0
Great Southern Bancorp Com 390905107 4,784 80,743 SH   SOLE   80,743 0 0
Green Dot Corp Com 39304D102 2,345 64,713 SH   SOLE   64,713 0 0
Gulfport Energy Corp Com 402635502 2,576 35,760 SH   SOLE   35,760 0 0
Hackett Group Inc Com 404609109 2,301 112,100 SH   SOLE   112,100 0 0
Hancock Whitney Corporation Com 410120109 2,982 59,610 SH   SOLE   59,610 0 0
Hawkins Inc Com 420261109 2,490 63,110 SH   SOLE   63,110 0 0
Heartland Financial USA Inc Com 42234Q102 3,269 64,593 SH   SOLE   64,593 0 0
Heritage Crystal Clean Inc Com 42726M106 3,578 111,755 SH   SOLE   111,755 0 0
Holley Inc Com 43538H103 2,548 196,155 SH   SOLE   196,155 0 0
Horizon Bancorp Inc Com 440407104 2,975 142,669 SH   SOLE   142,669 0 0
Hub Group Inc Com 443320106 3,435 40,780 SH   SOLE   40,780 0 0
Ichor Holdings Com G4740B105 2,077 45,120 SH   SOLE   45,120 0 0
Independent Bank Corp Com 453836108 3,010 36,920 SH   SOLE   36,920 0 0
Independent Bank Group Inc Com 45384B106 2,797 38,770 SH   SOLE   38,770 0 0
Industrial Logistics Propertie Com 456237106 2,272 90,688 SH   SOLE   90,688 0 0
Investors Title Company Com 461804106 2,025 10,272 SH   SOLE   10,272 0 0
Kimball Electronics Inc Com 49428J109 4,598 211,321 SH   SOLE   211,321 0 0
Kirby Corporation Com 497266106 3,673 61,810 SH   SOLE   61,810 0 0
Knowles Corp Com 49926D109 2,349 100,598 SH   SOLE   100,598 0 0
Kulicke & Soffa Industries Inc Com 501242101 1,784 29,476 SH   SOLE   29,476 0 0
LCI Industries Com 50189K103 2,379 15,265 SH   SOLE   15,265 0 0
LHC Group Inc Com 50187A107 1,840 13,410 SH   SOLE   13,410 0 0
LSB Industries Inc Com 502160104 2,335 211,330 SH   SOLE   211,330 0 0
LSI Industries Com 50216C108 2,180 317,776 SH   SOLE   317,776 0 0
Lakeland Financial Corp Com 511656100 2,100 26,205 SH   SOLE   26,205 0 0
Legacy Housing Corp Com 52472M101 2,566 96,945 SH   SOLE   96,945 0 0
M/I Homes Inc Com 55305B101 2,394 38,505 SH   SOLE   38,505 0 0
Marinemax Inc Com 567908108 1,912 32,390 SH   SOLE   32,390 0 0
Mastercraft Boat Holdings Inc Com 57637H103 2,539 89,620 SH   SOLE   89,620 0 0
Materion Corp Com 576690101 3,138 34,130 SH   SOLE   34,130 0 0
Maximus Inc Com 577933104 2,536 31,836 SH   SOLE   31,836 0 0
McGrath Rentcorp Com 580589109 2,629 32,752 SH   SOLE   32,752 0 0
Mercer Int'l Inc Com 588056101 5,501 458,786 SH   SOLE   458,786 0 0
Merit Medical Systems Inc Com 589889104 1,967 31,567 SH   SOLE   31,567 0 0
Methode Electronics Inc Com 591520200 3,181 64,690 SH   SOLE   64,690 0 0
Mitek Systems Inc Com 606710200 1,322 74,457 SH   SOLE   74,457 0 0
Monro Muffler Brake Inc Com 610236101 3,182 54,601 SH   SOLE   54,601 0 0
Mueller Industries Inc Com 624756102 2,630 44,312 SH   SOLE   44,312 0 0
NBT Bancorp Inc Com 628778102 3,289 85,387 SH   SOLE   85,387 0 0
NI Holdings Inc Com 65342T106 1,160 61,330 SH   SOLE   61,330 0 0
NMI Holdings Inc Com 629209305 1,823 83,434 SH   SOLE   83,434 0 0
Newpark Resources Inc Com 651718504 1,704 579,620 SH   SOLE   579,620 0 0
Nuvasive Inc Com 670704105 2,277 43,396 SH   SOLE   43,396 0 0
OSI Systems Inc Com 671044105 2,483 26,639 SH   SOLE   26,639 0 0
Oceanfirst Financial Corp Com 675234108 2,947 132,752 SH   SOLE   132,752 0 0
Onto Innovation Inc Com 683344105 2,605 25,736 SH   SOLE   25,736 0 0
Orion Group Holdings Inc Com 68628V308 2,900 769,270 SH   SOLE   769,270 0 0
Pacwest Bancorp Com 695263103 3,292 72,888 SH   SOLE   72,888 0 0
Patrick Industries Inc Com 703343103 2,245 27,822 SH   SOLE   27,822 0 0
Photonics Inc Com 719405102 2,628 139,437 SH   SOLE   139,437 0 0
Pinnacle Financial Partners In Com 72346Q104 1,189 12,450 SH   SOLE   12,450 0 0
Plumas Bancorp Com 729273102 2,321 68,680 SH   SOLE   68,680 0 0
Plymouth Industrial Reit Inc Com 729640102 2,256 70,490 SH   SOLE   70,490 0 0
Preformed Line Products Co Com 740444104 2,150 33,225 SH   SOLE   33,225 0 0
Primerica Inc Com 74164M108 2,505 16,342 SH   SOLE   16,342 0 0
Propetro Holding Corp Com 74347M108 2,397 295,920 SH   SOLE   295,920 0 0
QCR Holdings Inc Com 74727A104 2,630 46,960 SH   SOLE   46,960 0 0
Radiant Logistics Inc Com 75025X100 2,177 298,660 SH   SOLE   298,660 0 0
Red River Bancshares Inc Com 75686R202 1,939 36,240 SH   SOLE   36,240 0 0
Richardson Electronics Ltd Com 763165107 1,518 112,268 SH   SOLE   112,268 0 0
Ryder System Inc Com 783549108 3,317 40,240 SH   SOLE   40,240 0 0
Seaboard Corp Com 811543107 3,010 765 SH   SOLE   765 0 0
Seacoast Bank Corp of Florida Com 811707801 3,414 96,460 SH   SOLE   96,460 0 0
Shoe Carnival Inc Com 824889109 2,968 75,940 SH   SOLE   75,940 0 0
Sierra Bancorp Com 82620P102 2,042 75,226 SH   SOLE   75,226 0 0
Signet Jewelers Limited Com G81276100 2,967 34,091 SH   SOLE   34,091 0 0
Skyline Champion Corp Com 830830105 3,651 46,233 SH   SOLE   46,233 0 0
Smartfinancial Inc Com 83190L208 2,606 95,252 SH   SOLE   95,252 0 0
Sterling Construction Company Com 859241101 2,434 92,540 SH   SOLE   92,540 0 0
Stewart Information Services C Com 860372101 3,018 37,853 SH   SOLE   37,853 0 0
Stock Yard Bancorp Inc Com 861025104 1,769 27,696 SH   SOLE   27,696 0 0
Tennant Company Com 880345103 3,174 39,160 SH   SOLE   39,160 0 0
Textainer Group Holdings Ltd Com G8766E109 3,776 105,731 SH   SOLE   105,731 0 0
The Marcus Corp Com 566330106 2,456 137,510 SH   SOLE   137,510 0 0
Thermon Group Holdings Inc Com 88362T103 2,754 162,652 SH   SOLE   162,652 0 0
Titan International Inc Com 88830M102 2,877 262,480 SH   SOLE   262,480 0 0
Titan Machinery Inc Com 88830R101 3,020 89,635 SH   SOLE   89,635 0 0
Trico Bancshares Com 896095106 2,792 64,993 SH   SOLE   64,993 0 0
Trimas Corp. Com 896215209 2,645 71,490 SH   SOLE   71,490 0 0
Triton International Ltd Com G9078F107 2,842 47,191 SH   SOLE   47,191 0 0
Triumph Bancorp Inc Com 89679E300 2,654 22,286 SH   SOLE   22,286 0 0
UMH Properties Inc Com 903002103 3,510 128,419 SH   SOLE   128,419 0 0
Universal Technical Institute Com 913915104 2,899 370,710 SH   SOLE   370,710 0 0
VSE Corp Com 918284100 3,193 52,391 SH   SOLE   52,391 0 0
Valvoline Inc Com 92047W101 3,350 89,830 SH   SOLE   89,830 0 0
Vectrus Inc Com 92242T101 2,012 43,950 SH   SOLE   43,950 0 0
Vishay Precision Group Inc Com 92835K103 3,185 85,809 SH   SOLE   85,809 0 0
Vista Outdoor Inc Com 928377100 3,022 65,600 SH   SOLE   65,600 0 0
WSFS Financial Corp Com 929328102 2,955 58,963 SH   SOLE   58,963 0 0
Washington Trust Bancorp Inc Com 940610108 3,304 58,619 SH   SOLE   58,619 0 0
Webster Financial Corp Com 947890109 2,911 52,140 SH   SOLE   52,140 0 0
Wesbanco Inc Com 950810101 3,001 85,780 SH   SOLE   85,780 0 0
Willdan Group Inc Com 96924N100 2,836 80,561 SH   SOLE   80,561 0 0