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 2,067 148,190 SH   SOLE   148,190 0 0
ABM Industries Inc Com 000957100 1,193 25,916 SH   SOLE   25,916 0 0
AZZ Inc Com 002474104 2,213 45,866 SH   SOLE   45,866 0 0
Aerojet Rocketdyne Holdings In Com 007800105 2,870 72,930 SH   SOLE   72,930 0 0
Alamo Group Incorporated Com 011311107 2,441 16,976 SH   SOLE   16,976 0 0
Alico Inc Com 016230104 2,070 55,110 SH   SOLE   55,110 0 0
Alight Inc Com 01626W101 2,884 289,880 SH   SOLE   289,880 0 0
Allied Motion Technologies Inc Com 019330109 3,702 124,078 SH   SOLE   124,078 0 0
Arrow Financial Corp Com 042744102 1,962 60,524 SH   SOLE   60,524 0 0
Aviat Networks Inc Com 05366Y201 1,797 58,390 SH   SOLE   58,390 0 0
Axcelis Technologies Inc Com 054540208 2,571 34,044 SH   SOLE   34,044 0 0
Baycom Corp. Com 07272M107 2,376 109,120 SH   SOLE   109,120 0 0
Beacon Roofing Supply Inc Com 073685109 3,429 57,850 SH   SOLE   57,850 0 0
Bowlero Corp Com 10258P102 3,031 284,570 SH   SOLE   284,570 0 0
COHU Inc Com 192576106 2,460 83,095 SH   SOLE   83,095 0 0
Cambridge Bancorp Com 132152109 2,067 24,320 SH   SOLE   24,320 0 0
Camden National Corp Com 133034108 4,952 105,268 SH   SOLE   105,268 0 0
Cavco Industries Inc Com 149568107 2,738 11,366 SH   SOLE   11,366 0 0
Central Valley Community Banco Com 155685100 2,332 99,876 SH   SOLE   99,876 0 0
Chase Corporation Com 16150R104 1,739 20,010 SH   SOLE   20,010 0 0
Chesapeake Energy Corp Com 165167735 3,823 43,940 SH   SOLE   43,940 0 0
Chesapeake Utilities Corp Com 165303108 2,692 19,540 SH   SOLE   19,540 0 0
Citi Trends Inc Com 17306X102 1,487 48,550 SH   SOLE   48,550 0 0
City Holding Company Com 177835105 2,981 37,878 SH   SOLE   37,878 0 0
Cleveland-Cliffs Inc Com 185899101 3,612 112,125 SH   SOLE   112,125 0 0
Comfort Systems USA Inc Com 199908104 2,656 29,837 SH   SOLE   29,837 0 0
Commercial Metals Co Com 201723103 3,861 92,772 SH   SOLE   92,772 0 0
Concentrix Corp. Com 20602D101 3,168 19,018 SH   SOLE   19,018 0 0
Cyberoptics Corp Com 232517102 1,140 28,100 SH   SOLE   28,100 0 0
DLH Holdings Corp Com 23335Q100 2,491 131,520 SH   SOLE   131,520 0 0
EMCOR Group Inc Com 29084Q100 2,171 19,278 SH   SOLE   19,278 0 0
EPR Properties Com 26884U109 2,416 44,160 SH   SOLE   44,160 0 0
Eastern Bankshares Inc Com 27627N105 2,854 132,510 SH   SOLE   132,510 0 0
Encompass Health Corporation Com 29261A100 1,984 27,894 SH   SOLE   27,894 0 0
Encore Wire Corp Com 292562105 2,275 19,940 SH   SOLE   19,940 0 0
Ethan Allen Interiors Inc Com 297602104 2,201 84,410 SH   SOLE   84,410 0 0
Farmers National Banc Corp Com 309627107 2,033 119,170 SH   SOLE   119,170 0 0
Federal Agricultural Mortgage Com 313148306 4,591 42,320 SH   SOLE   42,320 0 0
Financial Institutions Inc Com 317585404 2,257 74,900 SH   SOLE   74,900 0 0
First Bancorp N.C. Com 318910106 2,910 69,656 SH   SOLE   69,656 0 0
First Community Corp. Com 319835104 2,312 109,040 SH   SOLE   109,040 0 0
First Financial Corp Com 320218100 2,641 61,014 SH   SOLE   61,014 0 0
G-III Apparel Group Limited Com 36237H101 2,709 100,140 SH   SOLE   100,140 0 0
Global Medical REIT Inc Com 37954A204 2,356 144,391 SH   SOLE   144,391 0 0
Granite Construction Inc Com 387328107 2,095 63,860 SH   SOLE   63,860 0 0
Great Lakes Dredge & Dock Corp Com 390607109 4,741 337,939 SH   SOLE   337,939 0 0
Great Southern Bancorp Com 390905107 2,136 36,200 SH   SOLE   36,200 0 0
Gulfport Energy Corp Com 402635502 3,123 34,770 SH   SOLE   34,770 0 0
Hackett Group Inc Com 404609109 2,995 129,890 SH   SOLE   129,890 0 0
Haemonetics Corp Com 405024100 2,214 35,026 SH   SOLE   35,026 0 0
Hancock Whitney Corporation Com 410120109 3,043 58,350 SH   SOLE   58,350 0 0
Hawkins Inc Com 420261109 2,916 63,540 SH   SOLE   63,540 0 0
Heartland Financial USA Inc Com 42234Q102 1,907 39,867 SH   SOLE   39,867 0 0
Helmerich & Payne Inc Com 423452101 2,664 62,270 SH   SOLE   62,270 0 0
Heritage Crystal Clean Inc Com 42726M106 4,182 141,245 SH   SOLE   141,245 0 0
Holley Inc Com 43538H103 2,653 190,695 SH   SOLE   190,695 0 0
Horizon Bancorp Inc Com 440407104 2,590 138,709 SH   SOLE   138,709 0 0
Hub Group Inc Com 443320106 3,082 39,920 SH   SOLE   39,920 0 0
Ichor Holdings Com G4740B105 1,754 49,250 SH   SOLE   49,250 0 0
Independent Bank Corp Com 453836108 2,952 36,140 SH   SOLE   36,140 0 0
Independent Bank Group Inc Com 45384B106 2,701 37,960 SH   SOLE   37,960 0 0
Industrial Logistics Propertie Com 456237106 2,012 88,768 SH   SOLE   88,768 0 0
Inogen Inc Com 45780L104 1,750 53,979 SH   SOLE   53,979 0 0
Investors Title Company Com 461804106 2,102 10,342 SH   SOLE   10,342 0 0
Kimball Electronics Inc Com 49428J109 4,175 208,851 SH   SOLE   208,851 0 0
Kirby Corporation Com 497266106 3,718 51,500 SH   SOLE   51,500 0 0
Knowles Corp Com 49926D109 2,105 97,778 SH   SOLE   97,778 0 0
Kulicke & Soffa Industries Inc Com 501242101 1,605 28,656 SH   SOLE   28,656 0 0
LCI Industries Com 50189K103 1,108 10,675 SH   SOLE   10,675 0 0
LHC Group Inc Com 50187A107 2,259 13,400 SH   SOLE   13,400 0 0
LSB Industries Inc Com 502160104 2,914 133,420 SH   SOLE   133,420 0 0
LSI Industries Com 50216C108 1,544 257,396 SH   SOLE   257,396 0 0
Lakeland Financial Corp Com 511656100 1,860 25,475 SH   SOLE   25,475 0 0
Legacy Housing Corp Com 52472M101 2,022 94,225 SH   SOLE   94,225 0 0
M/I Homes Inc Com 55305B101 1,660 37,425 SH   SOLE   37,425 0 0
Marinemax Inc Com 567908108 1,313 32,610 SH   SOLE   32,610 0 0
Mastercraft Boat Holdings Inc Com 57637H103 2,221 90,240 SH   SOLE   90,240 0 0
Materion Corp Com 576690101 2,845 33,180 SH   SOLE   33,180 0 0
Maximus Inc Com 577933104 2,577 34,386 SH   SOLE   34,386 0 0
McGrath Rentcorp Com 580589109 2,725 32,072 SH   SOLE   32,072 0 0
Mercer Int'l Inc Com 588056101 5,266 377,516 SH   SOLE   377,516 0 0
Mercury System Inc Com 589378108 2,129 33,030 SH   SOLE   33,030 0 0
Merit Medical Systems Inc Com 589889104 2,569 38,627 SH   SOLE   38,627 0 0
Methode Electronics Inc Com 591520200 2,719 62,860 SH   SOLE   62,860 0 0
Mitek Systems Inc Com 606710200 1,100 74,967 SH   SOLE   74,967 0 0
Monro Muffler Brake Inc Com 610236101 2,571 57,983 SH   SOLE   57,983 0 0
Mueller Industries Inc Com 624756102 2,349 43,372 SH   SOLE   43,372 0 0
NBT Bancorp Inc Com 628778102 2,870 79,429 SH   SOLE   79,429 0 0
NMI Holdings Inc Com 629209305 1,673 81,114 SH   SOLE   81,114 0 0
Newpark Resources Inc Com 651718504 2,121 579,620 SH   SOLE   579,620 0 0
Nuvasive Inc Com 670704105 2,392 42,186 SH   SOLE   42,186 0 0
OSI Systems Inc Com 671044105 2,390 28,079 SH   SOLE   28,079 0 0
Oceaneering International Inc Com 675232102 1,878 123,876 SH   SOLE   123,876 0 0
Oceanfirst Financial Corp Com 675234108 2,589 128,812 SH   SOLE   128,812 0 0
Onto Innovation Inc Com 683344105 2,751 31,666 SH   SOLE   31,666 0 0
Orion Engineered Carbons Com L72967109 1,590 99,552 SH   SOLE   99,552 0 0
Pacwest Bancorp Com 695263103 2,753 63,828 SH   SOLE   63,828 0 0
Patrick Industries Inc Com 703343103 1,422 23,582 SH   SOLE   23,582 0 0
Photonics Inc Com 719405102 2,366 139,437 SH   SOLE   139,437 0 0
Plumas Bancorp Com 729273102 2,484 65,200 SH   SOLE   65,200 0 0
Plymouth Industrial Reit Inc Com 729640102 1,666 61,490 SH   SOLE   61,490 0 0
Preformed Line Products Co Com 740444104 2,107 33,225 SH   SOLE   33,225 0 0
Propetro Holding Corp Com 74347M108 3,514 252,290 SH   SOLE   252,290 0 0
QCR Holdings Inc Com 74727A104 2,676 47,290 SH   SOLE   47,290 0 0
Radiant Logistics Inc Com 75025X100 1,916 300,730 SH   SOLE   300,730 0 0
Red River Bancshares Inc Com 75686R202 1,928 36,430 SH   SOLE   36,430 0 0
Richardson Electronics Ltd Com 763165107 2,026 162,838 SH   SOLE   162,838 0 0
Ryder System Inc Com 783549108 3,125 39,390 SH   SOLE   39,390 0 0
Seaboard Corp Com 811543107 3,167 753 SH   SOLE   753 0 0
Seacoast Bank Corp of Florida Com 811707801 2,970 84,820 SH   SOLE   84,820 0 0
Sharps Compliance Corp Com 820017101 2,043 346,310 SH   SOLE   346,310 0 0
Shoe Carnival Inc Com 824889109 2,230 76,460 SH   SOLE   76,460 0 0
Sierra Bancorp Com 82620P102 1,892 75,746 SH   SOLE   75,746 0 0
Signet Jewelers Limited Com G81276100 2,409 33,141 SH   SOLE   33,141 0 0
Skyline Champion Corp Com 830830105 2,467 44,953 SH   SOLE   44,953 0 0
Smartfinancial Inc Com 83190L208 2,453 95,912 SH   SOLE   95,912 0 0
Sterling Construction Company Com 859241101 2,251 83,990 SH   SOLE   83,990 0 0
Stewart Information Services C Com 860372101 2,231 36,803 SH   SOLE   36,803 0 0
Tennant Company Com 880345103 3,001 38,080 SH   SOLE   38,080 0 0
Textainer Group Holdings Ltd Com G8766E109 2,696 70,825 SH   SOLE   70,825 0 0
The Marcus Corp Com 566330106 2,451 138,460 SH   SOLE   138,460 0 0
Thermon Group Holdings Inc Com 88362T103 2,562 158,142 SH   SOLE   158,142 0 0
Titan International Inc Com 88830M102 3,302 224,200 SH   SOLE   224,200 0 0
Titan Machinery Inc Com 88830R101 3,614 127,867 SH   SOLE   127,867 0 0
Trico Bancshares Com 896095106 2,530 63,193 SH   SOLE   63,193 0 0
Trimas Corp. Com 896215209 2,230 69,500 SH   SOLE   69,500 0 0
Triton International Ltd Com G9078F107 2,939 41,881 SH   SOLE   41,881 0 0
Triumph Bancorp Inc Com 89679E300 1,546 16,442 SH   SOLE   16,442 0 0
UMH Properties Inc Com 903002103 3,057 124,319 SH   SOLE   124,319 0 0
Universal Technical Institute Com 913915104 3,303 373,270 SH   SOLE   373,270 0 0
VSE Corp Com 918284100 2,348 50,941 SH   SOLE   50,941 0 0
Valvoline Inc Com 92047W101 2,775 87,940 SH   SOLE   87,940 0 0
Vectrus Inc Com 92242T101 1,587 44,250 SH   SOLE   44,250 0 0
Vishay Precision Group Inc Com 92835K103 2,682 83,419 SH   SOLE   83,419 0 0
Vista Outdoor Inc Com 928377100 2,296 64,320 SH   SOLE   64,320 0 0
WSFS Financial Corp Com 929328102 2,691 57,713 SH   SOLE   57,713 0 0
Washington Trust Bancorp Inc Com 940610108 2,817 53,655 SH   SOLE   53,655 0 0
Webster Financial Corp Com 947890109 2,864 51,040 SH   SOLE   51,040 0 0
Wesbanco Inc Com 950810101 2,885 83,970 SH   SOLE   83,970 0 0
Willdan Group Inc Com 96924N100 2,472 80,561 SH   SOLE   80,561 0 0