Dorsey Wright & Associates 13F-HR Quarterly holdings report by institutional manager

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

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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
ABB LTD SPONSORED ADR	COM	000375204	2,692,000	78,479	SH		SOLE		78,479	0	0
ABBVIE INC COM	COM	00287Y109	2,676,000	16,793	SH		SOLE		16,793	0	0
AEGON N V NY REGISTRY SH	COM	007924103	1,829,000	425,238	SH		SOLE		425,238	0	0
AFLAC INC COM	COM	001055102	2,808,000	43,528	SH		SOLE		43,528	0	0
AIR PRODS & CHEMS INC COM	COM	009158106	267,000	931	SH		SOLE		931	0	0
AMERICA MOVIL SAB DE CV SPON A	COM	02390A101	2,469,000	117,282	SH		SOLE		117,282	0	0
AMERICAN FINL GROUP INC OHIOCO	COM	025932104	2,456,000	20,216	SH		SOLE		20,216	0	0
AMKOR TECHNOLOGY INC COM	COM	031652100	1,285,000	49,388	SH		SOLE		49,388	0	0
APA CORPORATION COM	COM	03743Q108	2,874,000	79,688	SH		SOLE		79,688	0	0
ARGENX SE SPONSORED ADR	FOREI	04016X101	1,779,000	4,776	SH		SOLE		4,776	0	0
ASE TECHNOLOGY HLDG CO LTD SPO	COM	00215W100	2,253,000	282,643	SH		SOLE		282,643	0	0
ASML HOLDING N V N Y REGISTRY	COM	N07059210	1,994,000	2,929	SH		SOLE		2,929	0	0
ASTRAZENECA PLC SPONSORED ADR	COM	046353108	1,964,000	28,291	SH		SOLE		28,291	0	0
AXON ENTERPRISE INC COM	COM	05464C101	5,160,000	22,949	SH		SOLE		22,949	0	0
BAE SYS PLC SPONSORED ADR	COM	05523R107	2,488,000	51,199	SH		SOLE		51,199	0	0
BANCO BILBAO VIZCAYA ARGENTASP	COM	05946K101	2,268,000	321,662	SH		SOLE		321,662	0	0
BELDEN INC COM	COM	077454106	4,751,000	54,754	SH		SOLE		54,754	0	0
BERKSHIRE HATHAWAY INC DEL CL	COM	084670702	2,954,000	9,568	SH		SOLE		9,568	0	0
BHP BILLITON LTD SPONSORED ADR	COM	088606108	1,985,000	31,297	SH		SOLE		31,297	0	0
BLOCK H & R INC COM	COM	093671105	6,241,000	177,053	SH		SOLE		177,053	0	0
BROADCOM INC COM	COM	11135F101	2,702,000	4,212	SH		SOLE		4,212	0	0
CABOT CORP	COM	127055101	287,000	3,746	SH		SOLE		3,746	0	0
CADENCE DESIGN SYSTEM INC COM	COM	127387108	2,782,000	13,242	SH		SOLE		13,242	0	0
CATERPILLAR INC COM	COM	149123101	1,341,000	5,858	SH		SOLE		5,858	0	0
COCA COLA FEMSA S A B DE C VSP	COM	191241108	2,213,000	27,504	SH		SOLE		27,504	0	0
COMMERCIAL METALS CO COM	COM	201723103	3,434,000	70,235	SH		SOLE		70,235	0	0
CONSTELLATION ENERGY CORP COM	COM	21037T109	1,340,000	17,073	SH		SOLE		17,073	0	0
COPA HOLDINGS SA CL A	COM	P31076105	2,028,000	21,965	SH		SOLE		21,965	0	0
CRH PLC ADR	COM	12626K203	2,075,000	40,798	SH		SOLE		40,798	0	0
CROCS INC COM	COM	227046109	7,170,000	56,709	SH		SOLE		56,709	0	0
CUMMINS ENGINE INC COM	COM	231021106	263,000	1,100	SH		SOLE		1,100	0	0
CURTISS WRIGHT CORP COM	COM	231561101	3,912,000	22,197	SH		SOLE		22,197	0	0
DICKS SPORTING GOODS INC COM	COM	253393102	2,259,000	15,921	SH		SOLE		15,921	0	0
EMCOR GROUP INC COM	COM	29084Q100	2,675,000	16,450	SH		SOLE		16,450	0	0
EXXON MOBIL CORP COM	COM	30231G102	394,000	3,592	SH		SOLE		3,592	0	0
FAIR ISAAC CORP COM	COM	303250104	3,060,000	4,354	SH		SOLE		4,354	0	0
FLUOR CORP NEW COM	COM	343412102	3,930,000	127,128	SH		SOLE		127,128	0	0
FOMENTO ECONOMICO MEXICANO SSP	COM	344419106	2,217,000	23,288	SH		SOLE		23,288	0	0
FOOT LOCKER INC COM	COM	344849104	244,000	6,147	SH		SOLE		6,147	0	0
GALLAGHER ARTHUR J & CO COM	COM	363576109	3,191,000	16,682	SH		SOLE		16,682	0	0
GERDAU S A SPON ADR REP P	COM	373737105	1,796,000	364,372	SH		SOLE		364,372	0	0
GILEAD SCIENCES INC COM	COM	375558103	2,379,000	28,670	SH		SOLE		28,670	0	0
GRAINGER W W INC COM	COM	384802104	2,564,000	3,722	SH		SOLE		3,722	0	0
GRAND CANYON ED INC COM	COM	38526M106	1,274,000	11,188	SH		SOLE		11,188	0	0
GREIF BROS CORP	COM	397624107	241,000	3,801	SH		SOLE		3,801	0	0
HDFC BANK LTD ADR	COM	40415F101	1,838,000	27,574	SH		SOLE		27,574	0	0
HEWLETT PACKARD ENTERPRISE CCO	COM	42824C109	259,000	16,266	SH		SOLE		16,266	0	0
HUAZHU GROUP LTD SPONSORED ADR	FOREI	44332N106	2,007,000	40,970	SH		SOLE		40,970	0	0
HUBBELL INC COM	COM	443510607	1,330,000	5,466	SH		SOLE		5,466	0	0
IDEX CORP COM	COM	45167R104	2,452,000	10,615	SH		SOLE		10,615	0	0
ING GROEP N V SPONSORED ADR	COM	456837103	1,839,000	154,939	SH		SOLE		154,939	0	0
INTERPUBLIC GROUP COS INC COM	COM	460690100	5,557,000	149,223	SH		SOLE		149,223	0	0
IQIYI INC SPONSORED ADS	COM	46267X108	1,850,000	254,114	SH		SOLE		254,114	0	0
IRIDIUM COMMUNICATIONS INC COM	COM	46269C102	1,585,000	25,598	SH		SOLE		25,598	0	0
IRON MTN INC NEW COM	COM	46284V101	264,000	4,992	SH		SOLE		4,992	0	0
ISHARES INC MSCI EURZONE E	COM	464286608	3,238,000	71,834	SH		SOLE		71,834	0	0
ISHARES SILVER TRUST ISHARES	COM	46428Q109	3,303,000	149,305	SH		SOLE		149,305	0	0
ISHARES TR 1-3 YR TR BD E	COM	464287457	3,008,000	36,606	SH		SOLE		36,606	0	0
ISHARES TR 20 YR TR BD ET	COM	464287432	2,765,000	25,998	SH		SOLE		25,998	0	0
ISHARES TR 7-10 Y TR BD E	COM	464287440	2,615,000	26,380	SH		SOLE		26,380	0	0
ISHARES TR EUROPE ETF	COM	464287861	2,818,000	56,339	SH		SOLE		56,339	0	0
ISHARES TR IBOXX INV CP E	COM	464287242	1,052,000	9,596	SH		SOLE		9,596	0	0
ISHARES TR SELECT DIVID E	COM	464287168	2,411,000	20,576	SH		SOLE		20,576	0	0
ISHARES TR S&P 500 VAL ET	COM	464287408	3,217,000	21,200	SH		SOLE		21,200	0	0
ISHARES TR S&P MC 400VL E	COM	464287705	3,138,000	30,533	SH		SOLE		30,533	0	0
KBR INC COM	COM	48242W106	5,733,000	104,149	SH		SOLE		104,149	0	0
KINSALE CAP GROUP INC COM	COM	49714P108	6,753,000	22,499	SH		SOLE		22,499	0	0
KLA-TENCOR CORP COM	COM	482480100	2,393,000	5,996	SH		SOLE		5,996	0	0
LAMB WESTON HLDGS INC COM	COM	513272104	1,613,000	15,432	SH		SOLE		15,432	0	0
LANCASTER COLONY CORP COM	COM	513847103	1,494,000	7,363	SH		SOLE		7,363	0	0
LAS VEGAS SANDS CORP COM	COM	517834107	1,464,000	25,487	SH		SOLE		25,487	0	0
LATTICE SEMICONDUCTOR CORP COM	COM	518415104	4,840,000	50,678	SH		SOLE		50,678	0	0
LILLY, ELI AND COMPANY	COM	532457108	5,780,000	16,830	SH		SOLE		16,830	0	0
LUCKIN COFFEE INC SPONSORED AD	COM	54951L109	2,075,000	75,423	SH		SOLE		75,423	0	0
MARATHON OIL CORP COM	COM	565849106	2,787,000	116,309	SH		SOLE		116,309	0	0
MARATHON PETE CORP COM	COM	56585A102	1,782,000	13,216	SH		SOLE		13,216	0	0
MCDONALDS CORP	COM	580135101	288,000	1,029	SH		SOLE		1,029	0	0
MCKESSON CORP COM	COM	58155Q103	4,572,000	12,841	SH		SOLE		12,841	0	0
MITSUBISHI UFJ FINL GROUP INSP	COM	606822104	2,295,000	359,196	SH		SOLE		359,196	0	0
NEW JERSEY RES COM	COM	646025106	288,000	5,422	SH		SOLE		5,422	0	0
NEW ORIENTAL ED & TECHNOLOGY G	COM	647581206	1,804,000	46,716	SH		SOLE		46,716	0	0
NOVO-NORDISK A S ADR	COM	670100205	4,445,000	27,933	SH		SOLE		27,933	0	0
NUCOR CORP COM	COM	670346105	2,979,000	19,286	SH		SOLE		19,286	0	0
NVENT ELECTRIC PLC SHS	COM	G6700G107	346,000	8,062	SH		SOLE		8,062	0	0
OLIN CORP COM PAR $1	COM	680665205	2,966,000	53,440	SH		SOLE		53,440	0	0
OMNICOM GROUP COM	COM	681919106	277,000	2,934	SH		SOLE		2,934	0	0
PAMPA ENERGIA S A SPONS ADR LV	COM	697660207	2,026,000	61,445	SH		SOLE		61,445	0	0
PENUMBRA INC COM	COM	70975L107	1,791,000	6,428	SH		SOLE		6,428	0	0
PINDUODUO INC SPONSORED ADS	COM	722304102	1,657,000	21,828	SH		SOLE		21,828	0	0
PJSC GAZPROM SPON ADR	COM	368287207	125,000	113,917	SH		SOLE		113,917	0	0
POSCO SPONSORED ADR	COM	693483109	2,372,000	34,036	SH		SOLE		34,036	0	0
QUANTA SVCS INC COM	COM	74762E102	4,886,000	29,318	SH		SOLE		29,318	0	0
RAYMOND JAMES FINANCIAL INC CO	COM	754730109	2,581,000	27,668	SH		SOLE		27,668	0	0
RELIANCE STEEL & ALUMINUM COCO	COM	759509102	331,000	1,288	SH		SOLE		1,288	0	0
RELX PLC SPONSORED ADR	COM	759530108	2,420,000	74,599	SH		SOLE		74,599	0	0
RYDER SYS INC COM	COM	783549108	280,000	3,137	SH		SOLE		3,137	0	0
SCHLUMBERGER	COM	806857108	1,352,000	27,526	SH		SOLE		27,526	0	0
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y506	3,555,000	42,921	SH		SOLE		42,921	0	0
SELECT SECTOR SPDR TR SBI INT-	COM	81369Y704	3,127,000	30,901	SH		SOLE		30,901	0	0
SELECT SECTOR SPDR TR SBI MATE	COM	81369Y100	2,677,000	33,184	SH		SOLE		33,184	0	0
SIEMENS A G SPONSORED ADR	COM	826197501	2,177,000	26,854	SH		SOLE		26,854	0	0
SNAP ON INC COM	COM	833034101	272,000	1,100	SH		SOLE		1,100	0	0
SOCIEDAD QUIMICA MINERA DE CSP	COM	833635105	1,536,000	18,954	SH		SOLE		18,954	0	0
STEEL DYNAMICS INC COM	COM	858119100	6,820,000	60,321	SH		SOLE		60,321	0	0
STMICROELECTRONICS N V NY REGI	COM	861012102	2,203,000	41,193	SH		SOLE		41,193	0	0
TAPESTRY INC COM	COM	876030107	259,000	6,006	SH		SOLE		6,006	0	0
TENARIS S A SPONSORED ADR	COM	88031M109	3,040,000	106,960	SH		SOLE		106,960	0	0
TENCENT MUSIC ENTMT GROUP SPON	COM	88034P109	1,996,000	241,034	SH		SOLE		241,034	0	0
TEREX CORP NEW COM	COM	880779103	4,616,000	95,410	SH		SOLE		95,410	0	0
TORO CO COM	COM	891092108	3,859,000	34,716	SH		SOLE		34,716	0	0
TRANE TECHNOLOGIES PLC SHS	COM	G8994E103	2,517,000	13,682	SH		SOLE		13,682	0	0
TRIP COM GROUP LTD ADS	COM	89677Q107	2,137,000	56,737	SH		SOLE		56,737	0	0
TSAKOS ENERGY NAVIGATION LTDSH	COM	G9108L173	2,014,000	103,640	SH		SOLE		103,640	0	0
UBS GROUP AG SHS	COM	H42097107	2,688,000	125,952	SH		SOLE		125,952	0	0
UNUMPROVIDENT CORP COM	COM	91529Y106	5,641,000	142,581	SH		SOLE		142,581	0	0
VALMONT INDS INC COM	COM	920253101	3,789,000	11,867	SH		SOLE		11,867	0	0
VIPSHOP HLDGS LTD SPONSORED AD	COM	92763W103	2,078,000	136,919	SH		SOLE		136,919	0	0
VISTEON CORP COM NEW	COM	92839U206	1,459,000	9,302	SH		SOLE		9,302	0	0
WISDOMTREE TR ITL HIGH DIV F	COM	97717W802	3,102,000	82,383	SH		SOLE		82,383	0	0
YPF SOCIEDAD ANONIMA YACIMIESP	COM	984245100	2,424,000	220,771	SH		SOLE		220,771	0	0
ABB LTD-SPON ADR	COM	000375204	935,910	27,286	SH		SOLE		27,286	0	0
ASE TECHNOLOGY HOLDING -ADR	COM	00215W100	748,526	93,918	SH		SOLE		93,918	0	0
AEGON N.V.-NY REG SHR	COM	007924103	658,635	153,171	SH		SOLE		153,171	0	0
AMERICA MOVIL SAB DE CV	COM	02390A101	865,155	41,100	SH		SOLE		41,100	0	0
ARGENX SE - ADR	COM	04016X101	632,641	1,698	SH		SOLE		1,698	0	0
ASTRAZENECA PLC-SPONS ADR	COM	046353108	691,254	9,959	SH		SOLE		9,959	0	0
BAE SYSTEMS PLC -SPON ADR	COM	05523R107	795,400	16,111	SH		SOLE		16,111	0	0
BANCO BILBAO VIZCAYA-SP ADR	COM	05946K101	796,100	112,922	SH		SOLE		112,922	0	0
BHP GROUP LTD-SPON ADR	COM	088606108	680,453	10,731	SH		SOLE		10,731	0	0
CRH PLC-SPONSORED ADR	COM	12626K203	731,561	14,381	SH		SOLE		14,381	0	0
COCA-COLA FEMSA SAB-SP ADR	COM	191241108	792,630	9,850	SH		SOLE		9,850	0	0
FOMENTO ECONOMICO MEX-SP ADR	COM	344419106	742,958	7,805	SH		SOLE		7,805	0	0
GERDAU SA -SPON ADR	COM	373737105	572,053	116,035	SH		SOLE		116,035	0	0
HDFC BANK LTD-ADR	COM	40415F101	645,366	9,680	SH		SOLE		9,680	0	0
H WORLD GROUP LTD-ADR	COM	44332N106	694,634	14,182	SH		SOLE		14,182	0	0
ING GROEP N.V.-SPONSORED ADR	COM	456837103	602,652	50,771	SH		SOLE		50,771	0	0
IQIYI INC-ADR	COM	46267X108	616,791	84,724	SH		SOLE		84,724	0	0
LUCKIN COFFEE INC - ADR	COM	54951L109	714,820	25,984	SH		SOLE		25,984	0	0
MITSUBISHI UFJ FINL-SPON ADR	COM	606822104	837,026	130,990	SH		SOLE		130,990	0	0
NEW ORIENTAL EDUCATIO-SP ADR	COM	647581206	654,980	16,964	SH		SOLE		16,964	0	0
NOVO-NORDISK A/S-SPONS ADR	COM	670100205	1,557,503	9,787	SH		SOLE		9,787	0	0
POSCO HOLDINGS INC -SPON ADR	COM	693483109	843,249	12,100	SH		SOLE		12,100	0	0
PAMPA ENERGIA SA-SPON ADR	COM	697660207	719,096	21,804	SH		SOLE		21,804	0	0
PDD HOLDINGS INC	COM	722304102	572,134	7,538	SH		SOLE		7,538	0	0
RELX PLC - SPON ADR	COM	759530108	871,890	26,877	SH		SOLE		26,877	0	0
SIEMENS AG-SPONS ADR	COM	826197501	770,725	9,521	SH		SOLE		9,521	0	0
QUIMICA Y MINERA CHIL-SP ADR	COM	833635105	574,148	7,083	SH		SOLE		7,083	0	0
STMICROELECTRONICS NV-NY SHS	COM	861012102	808,983	15,124	SH		SOLE		15,124	0	0
TENARIS SA-ADR	COM	88031M109	1,074,645	37,813	SH		SOLE		37,813	0	0
TENCENT MUSIC ENTERTAINM-ADR	COM	88034P109	702,417	84,833	SH		SOLE		84,833	0	0
TRIP.COM GROUP LTD-ADR	COM	89677Q107	673,502	17,879	SH		SOLE		17,879	0	0
VIPSHOP HOLDINGS LTD - ADR	COM	92763W103	706,675	46,553	SH		SOLE		46,553	0	0
YPF S.A.-SPONSORED ADR	COM	984245100	901,293	82,085	SH		SOLE		82,085	0	0
TSAKOS ENERGY NAVIGATION LTD	COM	G9108L173	725,419	37,335	SH		SOLE		37,335	0	0
UBS GROUP AG-REG	COM	H42097107	987,039	46,253	SH		SOLE		46,253	0	0
ASML HOLDING NV-NY REG SHS	COM	N07059210	722,914	1,062	SH		SOLE		1,062	0	0
COPA HOLDINGS SA-CLASS A	COM	P31076105	728,642	7,890	SH		SOLE		7,890	0	0
INVESCO GOVT AGENCY PRIV 1903	COM	X9USDAIMP	736,006	736,006	SH		SOLE		736,006	0	0
ALDEYRA THERAPEUTICS INC	COM	01438T106	32,004	3,223	SH		SOLE		3,223	0	0
ALLIED MOTION TECHNOLOGIES	COM	019330109	22,958	594	SH		SOLE		594	0	0
ALPHA METALLURGICAL RESOURCE	COM	020764106	45,396	291	SH		SOLE		291	0	0
ALTA EQUIPMENT GROUP INC	COM	02128L106	26,422	1,667	SH		SOLE		1,667	0	0
AMALGAMATED FINANCIAL CORP	COM	022671101	17,442	986	SH		SOLE		986	0	0
AMBAC FINANCIAL GROUP INC	COM	023139884	23,189	1,498	SH		SOLE		1,498	0	0
AMPLIFY ENERGY CORP	COM	03212B103	18,549	2,700	SH		SOLE		2,700	0	0
ASTRIA THERAPEUTICS INC	COM	04635X102	27,159	2,042	SH		SOLE		2,042	0	0
ASTRONICS CORP	COM	046433108	20,427	1,529	SH		SOLE		1,529	0	0
ASURE SOFTWARE INC	COM	04649U102	31,074	2,143	SH		SOLE		2,143	0	0
AVIAT NETWORKS INC	COM	05366Y201	23,261	675	SH		SOLE		675	0	0
BRT APARTMENTS CORP	COM	055645303	22,086	1,120	SH		SOLE		1,120	0	0
BARRETT BUSINESS SVCS INC	COM	068463108	24,819	280	SH		SOLE		280	0	0
BAYCOM CORP	COM	07272M107	19,130	1,120	SH		SOLE		1,120	0	0
BEL FUSE INC-CL B	COM	077347300	54,190	1,442	SH		SOLE		1,442	0	0
BIGLARI HOLDINGS INC-B	COM	08986R309	24,872	147	SH		SOLE		147	0	0
BLUE BIRD CORP	COM	095306106	20,205	989	SH		SOLE		989	0	0
BOWMAN CONSULTING GROUP LTD	COM	103002101	24,030	837	SH		SOLE		837	0	0
BUSINESS FIRST BANCSHARES	COM	12326C105	15,040	878	SH		SOLE		878	0	0
BYLINE BANCORP INC	COM	124411109	22,420	1,037	SH		SOLE		1,037	0	0
CECO ENVIRONMENTAL CORP	COM	125141101	40,655	2,906	SH		SOLE		2,906	0	0
CNB FINANCIAL CORP/PA	COM	126128107	15,552	810	SH		SOLE		810	0	0
CRA INTERNATIONAL INC	COM	12618T105	30,729	285	SH		SOLE		285	0	0
CPI CARD GROUP INC	COM	12634H200	25,971	577	SH		SOLE		577	0	0
CVD EQUIPMENT CORP	COM	126601103	22,823	1,716	SH		SOLE		1,716	0	0
CALERES INC	COM	129500104	23,036	1,065	SH		SOLE		1,065	0	0
CAMBRIDGE BANCORP	COM	132152109	15,036	232	SH		SOLE		232	0	0
CAPITAL CITY BANK GROUP INC	COM	139674105	20,048	684	SH		SOLE		684	0	0
CAPSTAR FINANCIAL HOLDINGS I	COM	14070T102	19,089	1,260	SH		SOLE		1,260	0	0
CARTER BANKSHARES INC	COM	146103106	20,216	1,444	SH		SOLE		1,444	0	0
CENTRAL VALLEY COMM BANCORP	COM	155685100	20,354	989	SH		SOLE		989	0	0
CHICAGO ATLANTIC REAL ESTATE	COM	167239102	17,766	1,315	SH		SOLE		1,315	0	0
CHINA AUTOMOTIVE SYSTEMS INC	COM	16936R105	16,469	3,149	SH		SOLE		3,149	0	0
CHUY'S HOLDINGS INC	COM	171604101	23,840	665	SH		SOLE		665	0	0
CIRCOR INTERNATIONAL INC	COM	17273K109	26,047	837	SH		SOLE		837	0	0
CIVISTA BANCSHARES INC	COM	178867107	15,698	930	SH		SOLE		930	0	0
CLEARWATER PAPER CORP	COM	18538R103	19,317	578	SH		SOLE		578	0	0
COASTAL FINANCIAL CORP/WA	COM	19046P209	30,248	840	SH		SOLE		840	0	0
COMPUTER PROGRAMS & SYSTEMS	COM	205306103	18,301	606	SH		SOLE		606	0	0
COVENANT LOGISTICS GROUP INC	COM	22284P105	30,674	866	SH		SOLE		866	0	0
CRESCENT CAPITAL BDC INC	COM	225655109	17,243	1,266	SH		SOLE		1,266	0	0
CTO REALTY GROWTH INC	COM	22948Q101	19,521	1,131	SH		SOLE		1,131	0	0
CYMABAY THERAPEUTICS INC	COM	23257D103	48,370	5,547	SH		SOLE		5,547	0	0
DXP ENTERPRISES INC	COM	233377407	17,767	660	SH		SOLE		660	0	0
DESTINATION XL GROUP INC	COM	25065K104	17,704	3,213	SH		SOLE		3,213	0	0
DIAMOND HILL INVESTMENT GRP	COM	25264R207	19,585	119	SH		SOLE		119	0	0
DIAMOND OFFSHORE DRILLING IN	COM	25271C201	38,901	3,231	SH		SOLE		3,231	0	0
DIGI INTERNATIONAL INC	COM	253798102	34,859	1,035	SH		SOLE		1,035	0	0
DONEGAL GROUP INC-CL A	COM	257701201	17,923	1,173	SH		SOLE		1,173	0	0
DONNELLEY FINANCIAL SOLUTION	COM	25787G100	43,761	1,071	SH		SOLE		1,071	0	0
DYNE THERAPEUTICS INC	COM	26818M108	17,960	1,559	SH		SOLE		1,559	0	0
89BIO INC	COM	282559103	39,735	2,609	SH		SOLE		2,609	0	0
ENLIVEN THERAPEUTICS INC	COM	29337E102	27,090	1,237	SH		SOLE		1,237	0	0
ESQUIRE FINANCIAL HOLDINGS I	COM	29667J101	30,576	782	SH		SOLE		782	0	0
ETHAN ALLEN INTERIORS INC	COM	297602104	22,792	830	SH		SOLE		830	0	0
EZCORP INC-CL A	COM	302301106	28,896	3,360	SH		SOLE		3,360	0	0
FS BANCORP INC	COM	30263Y104	22,117	737	SH		SOLE		737	0	0
FIRST BANK/HAMILTON NJ	COM	31931U102	18,382	1,820	SH		SOLE		1,820	0	0
FIRST BUSINESS FINANCIAL SER	COM	319390100	21,754	713	SH		SOLE		713	0	0
FIVE STAR BANCORP	COM	33830T103	16,410	769	SH		SOLE		769	0	0
FORUM ENERGY TECHNOLOGIES IN	COM	34984V209	26,498	1,042	SH		SOLE		1,042	0	0
FRANKLIN COVEY CO	COM	353469109	23,351	607	SH		SOLE		607	0	0
GARRETT MOTION INC	COM	366505105	21,969	2,868	SH		SOLE		2,868	0	0
GENIE ENERGY LTD-B	COM	372284208	32,270	2,335	SH		SOLE		2,335	0	0
GLOBAL PARTNERS LP	COM	37946R109	28,818	929	SH		SOLE		929	0	0
GOLDEN ENTERTAINMENT INC	COM	381013101	41,117	945	SH		SOLE		945	0	0
GREEN PLAINS PARTNERS LP	COM	393221106	22,047	1,736	SH		SOLE		1,736	0	0
HACKETT GROUP INC/THE	COM	404609109	21,659	1,172	SH		SOLE		1,172	0	0
HANMI FINANCIAL CORPORATION	COM	410495204	22,247	1,198	SH		SOLE		1,198	0	0
HARROW HEALTH INC	COM	415858109	49,493	2,339	SH		SOLE		2,339	0	0
HAVERTY FURNITURE	COM	419596101	20,422	640	SH		SOLE		640	0	0
HAWKINS INC	COM	420261109	20,577	470	SH		SOLE		470	0	0
HAYNES INTERNATIONAL INC	COM	420877201	30,304	605	SH		SOLE		605	0	0
HELIX ENERGY SOLUTIONS GROUP	COM	42330P107	35,140	4,540	SH		SOLE		4,540	0	0
HERITAGE-CRYSTAL CLEAN INC	COM	42726M106	27,313	767	SH		SOLE		767	0	0
HINGHAM INSTITUTION FOR SVGS	COM	433323102	15,640	67	SH		SOLE		67	0	0
HIREQUEST INC	COM	433535101	26,272	1,218	SH		SOLE		1,218	0	0
HOMETRUST BANCSHARES INC	COM	437872104	18,221	741	SH		SOLE		741	0	0
IMMERSION CORPORATION	COM	452521107	27,365	3,061	SH		SOLE		3,061	0	0
IMARA INC CVR	COM	452CVR012	0	5,500	SH		SOLE		5,500	0	0
INDEPENDENT BANK CORP - MICH	COM	453838609	16,988	956	SH		SOLE		956	0	0
INSPIRED ENTERTAINMENT INC	COM	45782N108	23,009	1,799	SH		SOLE		1,799	0	0
INTEVAC INC	COM	461148108	21,103	2,879	SH		SOLE		2,879	0	0
INVESTORS TITLE CO	COM	461804106	18,120	120	SH		SOLE		120	0	0
J. JILL INC	COM	46620W201	30,024	1,153	SH		SOLE		1,153	0	0
JOHN MARSHALL BANCORP INC	COM	47805L101	16,567	767	SH		SOLE		767	0	0
KIMBALL ELECTRONICS INC	COM	49428J109	25,667	1,065	SH		SOLE		1,065	0	0
KIMBELL ROYALTY PARTNERS LP	COM	49435R102	26,911	1,767	SH		SOLE		1,767	0	0
LSI INDUSTRIES INC	COM	50216C108	25,060	1,799	SH		SOLE		1,799	0	0
LIMBACH HOLDINGS INC	COM	53263P105	31,123	1,799	SH		SOLE		1,799	0	0
LINCOLN EDUCATIONAL SERVICES	COM	533535100	17,331	3,062	SH		SOLE		3,062	0	0
MYR GROUP INC/DELAWARE	COM	55405W104	45,742	363	SH		SOLE		363	0	0
MASTERCRAFT BOAT HOLDINGS IN	COM	57637H103	20,540	675	SH		SOLE		675	0	0
MAYVILLE ENGINEERING CO INC	COM	578605107	21,500	1,441	SH		SOLE		1,441	0	0
MERCANTILE BANK CORP	COM	587376104	19,449	636	SH		SOLE		636	0	0
MERRIMACK PHARMACEUTICALS IN	COM	590328209	22,110	1,799	SH		SOLE		1,799	0	0
METROCITY BANKSHARES INC	COM	59165J105	14,458	846	SH		SOLE		846	0	0
MIDLAND STATES BANCORP INC	COM	597742105	17,307	808	SH		SOLE		808	0	0
MODINE MANUFACTURING CO	COM	607828100	39,600	1,718	SH		SOLE		1,718	0	0
MOONLAKE IMMUNOTHERAPEUTICS	COM	61559X104	21,390	1,000	SH		SOLE		1,000	0	0
MOVADO GROUP INC	COM	624580106	21,808	758	SH		SOLE		758	0	0
NVE CORP	COM	629445206	26,142	315	SH		SOLE		315	0	0
NATHAN'S FAMOUS INC	COM	632347100	27,140	359	SH		SOLE		359	0	0
NATURAL RESOURCE PARTNERS LP	COM	63900P608	41,447	794	SH		SOLE		794	0	0
NORTHEAST BANK	COM	66405S100	25,245	750	SH		SOLE		750	0	0
NORTHEAST COMMUNITY BANCORP	COM	664121100	19,208	1,464	SH		SOLE		1,464	0	0
NORTHRIM BANCORP INC	COM	666762109	23,496	498	SH		SOLE		498	0	0
NORTHWEST PIPE CO	COM	667746101	20,612	660	SH		SOLE		660	0	0
OP BANCORP	COM	67109R109	14,773	1,658	SH		SOLE		1,658	0	0
OAK VALLEY BANCORP	COM	671807105	19,165	810	SH		SOLE		810	0	0
OIL STATES INTERNATIONAL INC	COM	678026105	21,283	2,555	SH		SOLE		2,555	0	0
OLD SECOND BANCORP INC	COM	680277100	24,099	1,714	SH		SOLE		1,714	0	0
OLYMPIC STEEL INC	COM	68162K106	29,081	557	SH		SOLE		557	0	0
OPPENHEIMER HOLDINGS-CL A	COM	683797104	20,358	520	SH		SOLE		520	0	0
PARKE BANCORP INC	COM	700885106	17,122	963	SH		SOLE		963	0	0
PEAPACK GLADSTONE FINL CORP	COM	704699107	17,772	600	SH		SOLE		600	0	0
PERMIAN BASIN ROYALTY TRUST	COM	714236106	77,031	3,157	SH		SOLE		3,157	0	0
POTBELLY CORP	COM	73754Y100	21,733	2,609	SH		SOLE		2,609	0	0
POWELL INDUSTRIES INC	COM	739128106	23,723	557	SH		SOLE		557	0	0
PREFORMED LINE PRODUCTS CO	COM	740444104	43,021	336	SH		SOLE		336	0	0
RAYONIER ADVANCED MATERIALS	COM	75508B104	20,271	3,233	SH		SOLE		3,233	0	0
RESOURCES CONNECTION INC	COM	76122Q105	15,866	930	SH		SOLE		930	0	0
REX AMERICAN RESOURCES CORP	COM	761624105	16,582	580	SH		SOLE		580	0	0
RICHARDSON ELEC LTD	COM	763165107	51,090	2,289	SH		SOLE		2,289	0	0
RUTH'S HOSPITALITY GROUP INC	COM	783332109	17,142	1,044	SH		SOLE		1,044	0	0
SABINE ROYALTY TRUST	COM	785688102	28,006	390	SH		SOLE		390	0	0
SCPHARMACEUTICALS INC	COM	810648105	26,938	2,970	SH		SOLE		2,970	0	0
SENECA FOODS CORP - CL A	COM	817070501	21,169	405	SH		SOLE		405	0	0
SHORE BANCSHARES INC	COM	825107105	16,351	1,145	SH		SOLE		1,145	0	0
SHOTSPOTTER INC	COM	82536T107	21,233	540	SH		SOLE		540	0	0
SILVERCREST ASSET MANAGEME-A	COM	828359109	20,834	1,146	SH		SOLE		1,146	0	0
SOUTH PLAINS FINANCIAL INC	COM	83946P107	14,131	660	SH		SOLE		660	0	0
SOUTHERN MISSOURI BANCORP	COM	843380106	14,627	391	SH		SOLE		391	0	0
STAR GROUP LP	COM	85512C105	22,192	1,711	SH		SOLE		1,711	0	0
STEEL PARTNERS HOLDINGS LP	COM	85814R107	75,227	1,714	SH		SOLE		1,714	0	0
STERLING INFRASTRUCTURE INC	COM	859241101	35,266	931	SH		SOLE		931	0	0
STONERIDGE INC	COM	86183P102	16,849	901	SH		SOLE		901	0	0
SUNCOKE ENERGY INC	COM	86722A103	25,081	2,793	SH		SOLE		2,793	0	0
THERMON GROUP HOLDINGS INC	COM	88362T103	29,879	1,199	SH		SOLE		1,199	0	0
TIPTREE INC	COM	88822Q103	35,245	2,419	SH		SOLE		2,419	0	0
TITAN MACHINERY INC	COM	88830R101	27,131	891	SH		SOLE		891	0	0
TRANSCAT INC	COM	893529107	41,477	464	SH		SOLE		464	0	0
TRUSTCO BANK CORP NY	COM	898349204	20,474	641	SH		SOLE		641	0	0
UFP TECHNOLOGIES INC	COM	902673102	39,601	305	SH		SOLE		305	0	0
UNITY BANCORP INC	COM	913290102	16,925	742	SH		SOLE		742	0	0
VERITIV CORP	COM	923454102	70,408	521	SH		SOLE		521	0	0
VISHAY PRECISION GROUP	COM	92835K103	25,933	621	SH		SOLE		621	0	0
VOYAGER THERAPEUTICS INC	COM	92915B106	19,437	2,521	SH		SOLE		2,521	0	0
WHITESTONE REIT	COM	966084204	16,974	1,845	SH		SOLE		1,845	0	0
XPONENTIAL FITNESS INC-A	COM	98422X101	32,821	1,080	SH		SOLE		1,080	0	0
YORK WATER CO	COM	987184108	22,574	505	SH		SOLE		505	0	0
GREENLIGHT CAPITAL RE LTD-A	COM	G4095J109	23,682	2,522	SH		SOLE		2,522	0	0
IBEX LTD	COM	G4690M101	20,838	854	SH		SOLE		854	0	0
PANGAEA LOGISTICS SOLUTIONS	COM	G6891L105	22,189	3,780	SH		SOLE		3,780	0	0
TEXTAINER GROUP HOLDINGS LTD	COM	G8766E109	34,037	1,060	SH		SOLE		1,060	0	0
TSAKOS ENERGY NAVIGATION LTD	COM	G9108L173	30,155	1,552	SH		SOLE		1,552	0	0
VITRU LTD	COM	G9440D103	23,693	1,041	SH		SOLE		1,041	0	0
ITURAN LOCATION AND CONTROL	COM	M6158M104	18,796	863	SH		SOLE		863	0	0
MEDIWOUND LTD	COM	M68830112	25,761	1,934	SH		SOLE		1,934	0	0
INVESCO GOVT AGENCY INSTL 1901	COM	X9USDISLQ	64,181	64,181	SH		SOLE		64,181	0	0
ARDMORE SHIPPING CORP	COM	Y0207T100	52,357	3,521	SH		SOLE		3,521	0	0
CAPITAL PRODUCT PARTNERS LP	COM	Y11082206	25,803	1,927	SH		SOLE		1,927	0	0
DORIAN LPG LTD	COM	Y2106R110	30,827	1,546	SH		SOLE		1,546	0	0
GRINDROD SHIPPING HOLDINGS L	COM	Y28895103	14,023	1,333	SH		SOLE		1,333	0	0
TEEKAY CORP	COM	Y8564W103	31,431	5,086	SH		SOLE		5,086	0	0
TEEKAY TANKERS LTD-CLASS A	COM	Y8565N300	37,650	877	SH		SOLE		877	0	0