| 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 |
| ACCO Brands Corporation | COM | 00081T108 | 25 | 3,081 | SH | | SOLE | | 3,081 | 0 | 0 |
| AMC Networks Inc. | CL A | 00164V103 | 23 | 666 | SH | | SOLE | | 666 | 0 | 0 |
| Abercrombie & Fitch Company | CL A | 002896207 | 25 | 732 | SH | | SOLE | | 732 | 0 | 0 |
| Accel Entertainment Inc. | COM CL A1 | 00436Q106 | 26 | 1,988 | SH | | SOLE | | 1,988 | 0 | 0 |
| AECOM | COM | 00766T100 | 29 | 371 | SH | | SOLE | | 371 | 0 | 0 |
| Advanced Emissions Solutions Inc. | COM | 00770C101 | 27 | 4,004 | SH | | SOLE | | 4,004 | 0 | 0 |
| Albertsons Companies Inc. | COMMON STOCK | 013091103 | 22 | 722 | SH | | SOLE | | 722 | 0 | 0 |
| Altice USA Inc. | CL A | 02156K103 | 25 | 1,522 | SH | | SOLE | | 1,522 | 0 | 0 |
| Amplify Energy Corporation | COM | 03212B103 | 25 | 8,111 | SH | | SOLE | | 8,111 | 0 | 0 |
| Applied Optoelectronics Inc. | COM | 03823U102 | 25 | 4,771 | SH | | SOLE | | 4,771 | 0 | 0 |
| Avaya Holdings Corporation | COM | 05351X101 | 27 | 1,381 | SH | | SOLE | | 1,381 | 0 | 0 |
| BJ's Wholesale Club Holdings Inc. | COM | 05550J101 | 26 | 393 | SH | | SOLE | | 393 | 0 | 0 |
| Bed Bath & Beyond Inc. | COM | 075896100 | 21 | 1,437 | SH | | SOLE | | 1,437 | 0 | 0 |
| Benefitfocus Inc. | COM | 08180D106 | 27 | 2,526 | SH | | SOLE | | 2,526 | 0 | 0 |
| Berry Global Group Inc. | COM | 08579W103 | 27 | 369 | SH | | SOLE | | 369 | 0 | 0 |
| Best Buy Company Inc. | COM | 086516101 | 25 | 243 | SH | | SOLE | | 243 | 0 | 0 |
| Big 5 Sporting Goods Corporation | COM | 08915P101 | 23 | 1,230 | SH | | SOLE | | 1,230 | 0 | 0 |
| Black Knight Inc. | COM | 09215C105 | 29 | 346 | SH | | SOLE | | 346 | 0 | 0 |
| Blucora Inc. | COM | 095229100 | 27 | 1,585 | SH | | SOLE | | 1,585 | 0 | 0 |
| Booz Allen Hamilton Holding Corporation | CL A | 099502106 | 25 | 298 | SH | | SOLE | | 298 | 0 | 0 |
| Braskem S.A. | SP ADR PFD A | 105532105 | 25 | 1,204 | SH | | SOLE | | 1,204 | 0 | 0 |
| CACI International Inc. | CL A | 127190304 | 26 | 97 | SH | | SOLE | | 97 | 0 | 0 |
| Cameco Corporation | COM | 13321L108 | 26 | 1,171 | SH | | SOLE | | 1,171 | 0 | 0 |
| Carrols Restaurant Group Inc. | COM | 14574X104 | 27 | 9,103 | SH | | SOLE | | 9,103 | 0 | 0 |
| Casa Systems Inc. | COM | 14713L102 | 29 | 5,053 | SH | | SOLE | | 5,053 | 0 | 0 |
| Cirrus Logic Inc. | COM | 172755100 | 30 | 327 | SH | | SOLE | | 327 | 0 | 0 |
| CommScope Holding Company Inc. | COM | 20337X109 | 28 | 2,554 | SH | | SOLE | | 2,554 | 0 | 0 |
| Cia Brasileira de Distribuicao | SPONSORED ADR | 20440T300 | 26 | 6,458 | SH | | SOLE | | 6,458 | 0 | 0 |
| Cia Paranaense de Energia | SPON ADS | 20441B605 | 27 | 4,848 | SH | | SOLE | | 4,848 | 0 | 0 |
| Comstock Resources Inc. | COM | 205768302 | 27 | 3,377 | SH | | SOLE | | 3,377 | 0 | 0 |
| Conduent Inc. | COM | 206787103 | 26 | 4,936 | SH | | SOLE | | 4,936 | 0 | 0 |
| Conn's Inc. | COM | 208242107 | 28 | 1,180 | SH | | SOLE | | 1,180 | 0 | 0 |
| CoreCivic Inc. | COM | 21871N101 | 25 | 2,504 | SH | | SOLE | | 2,504 | 0 | 0 |
| Curo Group Holdings Corporation | COM | 23131L107 | 26 | 1,608 | SH | | SOLE | | 1,608 | 0 | 0 |
| Del Taco Restaurants Inc. | COM | 245496104 | 43 | 3,436 | SH | | SOLE | | 3,436 | 0 | 0 |
| Diebold Nixdorf Inc. | COM STK | 253651103 | 29 | 3,181 | SH | | SOLE | | 3,181 | 0 | 0 |
| Donnelley Financial Solutions Inc. | COM | 25787G100 | 27 | 575 | SH | | SOLE | | 575 | 0 | 0 |
| DouYu International Holdings Ltd. | SPONSORED ADS | 25985W105 | 30 | 11,460 | SH | | SOLE | | 11,460 | 0 | 0 |
| Dropbox Inc. | CL A | 26210C104 | 26 | 1,078 | SH | | SOLE | | 1,078 | 0 | 0 |
| Duluth Holdings Inc. | COM CL B | 26443V101 | 26 | 1,701 | SH | | SOLE | | 1,701 | 0 | 0 |
| Dycom Industries Inc. | COM | 267475101 | 26 | 276 | SH | | SOLE | | 276 | 0 | 0 |
| Ebix Inc. | COM NEW | 278715206 | 26 | 848 | SH | | SOLE | | 848 | 0 | 0 |
| Ecovyst Inc. | COM | 27923Q109 | 27 | 2,665 | SH | | SOLE | | 2,665 | 0 | 0 |
| Eldorado Gold Corporation | COM | 284902509 | 27 | 2,874 | SH | | SOLE | | 2,874 | 0 | 0 |
| Electronic Arts Inc. | COM | 285512109 | 27 | 206 | SH | | SOLE | | 206 | 0 | 0 |
| Embraer S.A. | SPONSORED ADS | 29082A107 | 34 | 1,907 | SH | | SOLE | | 1,907 | 0 | 0 |
| Entravision Communications Corporation | CL A | 29382R107 | 24 | 3,590 | SH | | SOLE | | 3,590 | 0 | 0 |
| Everi Holdings Inc. | COM | 30034T103 | 28 | 1,321 | SH | | SOLE | | 1,321 | 0 | 0 |
| Extreme Networks Inc. | COM | 30226D106 | 31 | 1,944 | SH | | SOLE | | 1,944 | 0 | 0 |
| EZCORP Inc. | CL A NON VTG | 302301106 | 27 | 3,623 | SH | | SOLE | | 3,623 | 0 | 0 |
| FirstCash Holdings Inc. | COM | 33768G107 | 30 | 407 | SH | | SOLE | | 407 | 0 | 0 |
| Gannett Company Inc. | COM | 36472T109 | 28 | 5,201 | SH | | SOLE | | 5,201 | 0 | 0 |
| Gap Inc. (The) | COM | 364760108 | 27 | 1,548 | SH | | SOLE | | 1,548 | 0 | 0 |
| Genworth Financial Inc. | COM CL A | 37247D106 | 27 | 6,616 | SH | | SOLE | | 6,616 | 0 | 0 |
| GrafTech International Ltd. | COM | 384313508 | 26 | 2,196 | SH | | SOLE | | 2,196 | 0 | 0 |
| HP Inc. | COM | 40434L105 | 26 | 686 | SH | | SOLE | | 686 | 0 | 0 |
| Hello Group Inc. | ADS | 423403104 | 25 | 2,830 | SH | | SOLE | | 2,830 | 0 | 0 |
| Hibbett Inc. | COM | 428567101 | 27 | 374 | SH | | SOLE | | 374 | 0 | 0 |
| Houlihan Lokey Inc. | CL A | 441593100 | 25 | 243 | SH | | SOLE | | 243 | 0 | 0 |
| HUYA Inc. | ADS REP SHS A | 44852D108 | 28 | 3,998 | SH | | SOLE | | 3,998 | 0 | 0 |
| iHeartMedia Inc. | COM CL A | 45174J509 | 28 | 1,341 | SH | | SOLE | | 1,341 | 0 | 0 |
| Information Services Group Inc. | COM | 45675Y104 | 25 | 3,270 | SH | | SOLE | | 3,270 | 0 | 0 |
| International Money Express Inc. | COM | 46005L101 | 27 | 1,676 | SH | | SOLE | | 1,676 | 0 | 0 |
| Jabil Inc. | COM | 466313103 | 31 | 435 | SH | | SOLE | | 435 | 0 | 0 |
| JinkoSolar Holding Company Ltd. | SPONSORED ADR | 47759T100 | 27 | 588 | SH | | SOLE | | 588 | 0 | 0 |
| Kimball Electronics Inc. | COM | 49428J109 | 27 | 1,257 | SH | | SOLE | | 1,257 | 0 | 0 |
| Kirkland's Inc. | COM | 497498105 | 28 | 1,854 | SH | | SOLE | | 1,854 | 0 | 0 |
| Kohl's Corporation | COM | 500255104 | 26 | 532 | SH | | SOLE | | 532 | 0 | 0 |
| Kroger Company (The) | COM | 501044101 | 27 | 589 | SH | | SOLE | | 589 | 0 | 0 |
| Laureate Education Inc. | COMMON STOCK | 518613203 | 31 | 2,539 | SH | | SOLE | | 2,539 | 0 | 0 |
| Leidos Holdings Inc. | COM | 525327102 | 26 | 290 | SH | | SOLE | | 290 | 0 | 0 |
| Levi Strauss & Company | CL A COM STK | 52736R102 | 26 | 1,021 | SH | | SOLE | | 1,021 | 0 | 0 |
| Liberty Media Corp-Liberty SiriusXM | COM C SIRIUSXM | 531229607 | 27 | 532 | SH | | SOLE | | 532 | 0 | 0 |
| Lockheed Martin Corporation | COM | 539830109 | 27 | 77 | SH | | SOLE | | 77 | 0 | 0 |
| Lumentum Holdings Inc. | COM | 55024U109 | 31 | 297 | SH | | SOLE | | 297 | 0 | 0 |
| Macy's Inc. | COM | 55616P104 | 25 | 972 | SH | | SOLE | | 972 | 0 | 0 |
| Mechel PJSC | SPONSORED ADR NE | 583840608 | 28 | 8,761 | SH | | SOLE | | 8,761 | 0 | 0 |
| Meritor Inc. | COM | 59001K100 | 24 | 981 | SH | | SOLE | | 981 | 0 | 0 |
| Mobile TeleSystems Public Joint Stock Company | SPONSORED ADR | 607409109 | 25 | 3,149 | SH | | SOLE | | 3,149 | 0 | 0 |
| Moelis & Company | CL A | 60786M105 | 26 | 418 | SH | | SOLE | | 418 | 0 | 0 |
| MoneyGram International Inc. | COM NEW | 60935Y208 | 31 | 3,949 | SH | | SOLE | | 3,949 | 0 | 0 |
| NRG Energy Inc. | COM NEW | 629377508 | 30 | 704 | SH | | SOLE | | 704 | 0 | 0 |
| Nautilus Inc. | COM | 63910B102 | 22 | 3,651 | SH | | SOLE | | 3,651 | 0 | 0 |
| Noodles & Company | COM CL A | 65540B105 | 23 | 2,529 | SH | | SOLE | | 2,529 | 0 | 0 |
| Nordstrom Inc. | COM | 655664100 | 29 | 1,278 | SH | | SOLE | | 1,278 | 0 | 0 |
| 1-800-Flowers.com Inc. | CL A | 68243Q106 | 22 | 961 | SH | | SOLE | | 961 | 0 | 0 |
| PJT Partners Inc. | COM CL A | 69343T107 | 25 | 342 | SH | | SOLE | | 342 | 0 | 0 |
| Party City Holdco Inc. | COM | 702149105 | 27 | 4,908 | SH | | SOLE | | 4,908 | 0 | 0 |
| PennyMac Financial Services Inc. | COM | 70932M107 | 26 | 377 | SH | | SOLE | | 377 | 0 | 0 |
| Pitney Bowes Inc. | COM | 724479100 | 26 | 3,883 | SH | | SOLE | | 3,883 | 0 | 0 |
| PlayAGS Inc. | COM | 72814N104 | 26 | 3,886 | SH | | SOLE | | 3,886 | 0 | 0 |
| Quad/Graphics Inc. | COM CL A | 747301109 | 28 | 7,111 | SH | | SOLE | | 7,111 | 0 | 0 |
| Qurate Retail Inc. | COM SER A | 74915M100 | 24 | 3,223 | SH | | SOLE | | 3,223 | 0 | 0 |
| Rayonier Advanced Materials Inc. | COM | 75508B104 | 27 | 4,667 | SH | | SOLE | | 4,667 | 0 | 0 |
| Realogy Holdings Corporation | COM | 75605Y106 | 28 | 1,653 | SH | | SOLE | | 1,653 | 0 | 0 |
| Red Robin Gourmet Burgers Inc. | COM | 75689M101 | 26 | 1,581 | SH | | SOLE | | 1,581 | 0 | 0 |
| Regis Corporation | COM | 758932107 | 17 | 10,027 | SH | | SOLE | | 10,027 | 0 | 0 |
| Reinsurance Group of America Inc. | COM NEW | 759351604 | 28 | 256 | SH | | SOLE | | 256 | 0 | 0 |
| Rite Aid Corporation | COM | 767754872 | 32 | 2,157 | SH | | SOLE | | 2,157 | 0 | 0 |
| SK Telecom Company Ltd. | SPONSORED ADR | 78440P306 | 15 | 569 | SH | | SOLE | | 569 | 0 | 0 |
| SLM Corporation | COM | 78442P106 | 28 | 1,426 | SH | | SOLE | | 1,426 | 0 | 0 |
| SPDR S&P 500 ETF Trust | TR UNIT | 78462F103 | 1,078 | 2,270 | SH | | SOLE | | 2,270 | 0 | 0 |
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 28 | 344 | SH | | SOLE | | 344 | 0 | 0 |
| Sanmina Corporation | COM | 801056102 | 28 | 681 | SH | | SOLE | | 681 | 0 | 0 |
| Science Applications International Corporation | COM | 808625107 | 25 | 301 | SH | | SOLE | | 301 | 0 | 0 |
| SkyWest Inc. | COM | 830879102 | 26 | 658 | SH | | SOLE | | 658 | 0 | 0 |
| Smith & Wesson Brands Inc. | COM | 831754106 | 28 | 1,575 | SH | | SOLE | | 1,575 | 0 | 0 |
| Sonic Automotive Inc. | CL A | 83545G102 | 27 | 544 | SH | | SOLE | | 544 | 0 | 0 |
| Spirit Airlines Inc. | COM | 848577102 | 26 | 1,195 | SH | | SOLE | | 1,195 | 0 | 0 |
| Star Group L.P. | UNIT LTD PARTNR | 85512C105 | 28 | 2,593 | SH | | SOLE | | 2,593 | 0 | 0 |
| Stride Inc. | COM | 86333M108 | 26 | 781 | SH | | SOLE | | 781 | 0 | 0 |
| Sylvamo Corporation | COMMON STOCK | 871332102 | 23 | 831 | SH | | SOLE | | 831 | 0 | 0 |
| TTM Technologies Inc. | COM | 87305R109 | 27 | 1,832 | SH | | SOLE | | 1,832 | 0 | 0 |
| Tapestry Inc. | COM | 876030107 | 26 | 629 | SH | | SOLE | | 629 | 0 | 0 |
| Tata Motors Ltd. | SPONSORED ADR | 876568502 | 26 | 821 | SH | | SOLE | | 821 | 0 | 0 |
| Tenable Holdings Inc. | COM | 88025T102 | 31 | 563 | SH | | SOLE | | 563 | 0 | 0 |
| Teradata Corporation | COM | 88076W103 | 26 | 622 | SH | | SOLE | | 622 | 0 | 0 |
| Ternium S.A. | SPONSORED ADS | 880890108 | 28 | 635 | SH | | SOLE | | 635 | 0 | 0 |
| ODP Corporation (The) | COM | 88337F105 | 27 | 693 | SH | | SOLE | | 693 | 0 | 0 |
| Tupperware Brands Corporation | COM | 899896104 | 26 | 1,700 | SH | | SOLE | | 1,700 | 0 | 0 |
| US Xpress Enterprises Inc. | COM CL A | 90338N202 | 23 | 3,848 | SH | | SOLE | | 3,848 | 0 | 0 |
| Ultra Clean Holdings Inc. | COM | 90385V107 | 28 | 482 | SH | | SOLE | | 482 | 0 | 0 |
| Ultrapar Participacoes S.A. | SP ADR REP COM | 90400P101 | 26 | 9,911 | SH | | SOLE | | 9,911 | 0 | 0 |
| United Natural Foods Inc. | COM | 911163103 | 26 | 531 | SH | | SOLE | | 531 | 0 | 0 |
| Upland Software Inc. | COM | 91544A109 | 23 | 1,303 | SH | | SOLE | | 1,303 | 0 | 0 |
| Vedanta Ltd. | SPONSORED ADR | 92242Y100 | 25 | 1,373 | SH | | SOLE | | 1,373 | 0 | 0 |
| Viavi Solutions Inc. | COM | 925550105 | 29 | 1,669 | SH | | SOLE | | 1,669 | 0 | 0 |
| Victoria's Secret & Company | COMMON STOCK | 926400102 | 0 | 1 | SH | | SOLE | | 1 | 0 | 0 |
| Virtu Financial Inc. | CL A | 928254101 | 27 | 923 | SH | | SOLE | | 923 | 0 | 0 |
| Vista Outdoor Inc. | COM | 928377100 | 31 | 666 | SH | | SOLE | | 666 | 0 | 0 |
| Vistra Corporation | COM | 92840M102 | 28 | 1,241 | SH | | SOLE | | 1,241 | 0 | 0 |
| VMware Inc. | CL A COM | 928563402 | 25 | 216 | SH | | SOLE | | 216 | 0 | 0 |
| World Wrestling Entertainment Inc. | CL A | 98156Q108 | 26 | 521 | SH | | SOLE | | 521 | 0 | 0 |
| Yellow Corporation | COM | 985510106 | 25 | 1,949 | SH | | SOLE | | 1,949 | 0 | 0 |
| Amdocs Ltd. | SHS | G02602103 | 27 | 365 | SH | | SOLE | | 365 | 0 | 0 |
| Atlassian Corp plc | CL A | G06242104 | 28 | 74 | SH | | SOLE | | 74 | 0 | 0 |
| Capri Holdings Ltd. | SHS | G1890L107 | 27 | 417 | SH | | SOLE | | 417 | 0 | 0 |
| Frontline Ltd. | SHS NEW | G3682E192 | 27 | 3,877 | SH | | SOLE | | 3,877 | 0 | 0 |
| Weatherford International plc | ORD SHS | G48833118 | 26 | 944 | SH | | SOLE | | 944 | 0 | 0 |
| Pangaea Logistics Solutions Ltd. | SHS | G6891L105 | 26 | 6,863 | SH | | SOLE | | 6,863 | 0 | 0 |
| SFL Corp Ltd. | SHS | G7738W106 | 25 | 3,038 | SH | | SOLE | | 3,038 | 0 | 0 |
| Tsakos Energy Navigation Ltd. | SHS | G9108L173 | 26 | 3,595 | SH | | SOLE | | 3,595 | 0 | 0 |
| Venator Materials plc | SHS | G9329Z100 | 26 | 10,309 | SH | | SOLE | | 10,309 | 0 | 0 |
| Adecoagro S.A. | COM | L00849106 | 25 | 3,274 | SH | | SOLE | | 3,274 | 0 | 0 |
| Nexa Resources S.A. | COM | L67359106 | 28 | 3,625 | SH | | SOLE | | 3,625 | 0 | 0 |
| Copa Holdings S.A. | CL A | P31076105 | 30 | 364 | SH | | SOLE | | 364 | 0 | 0 |
| Costamare Inc. | SHS | Y1771G102 | 27 | 2,170 | SH | | SOLE | | 2,170 | 0 | 0 |
| DHT Holdings Inc. | SHS NEW | Y2065G121 | 26 | 4,917 | SH | | SOLE | | 4,917 | 0 | 0 |
| Diana Shipping Inc. | COM | Y2066G104 | 26 | 6,764 | SH | | SOLE | | 6,764 | 0 | 0 |
| Flex Ltd. | ORD | Y2573F102 | 28 | 1,538 | SH | | SOLE | | 1,538 | 0 | 0 |
| GasLog Partners L.P. | UNIT LTD PTNRP | Y2687W108 | 23 | 5,415 | SH | | SOLE | | 5,415 | 0 | 0 |
| KNOT Offshore Partners L.P. | COM UNITS | Y48125101 | 26 | 1,938 | SH | | SOLE | | 1,938 | 0 | 0 |
| Scorpio Tankers Inc. | SHS | Y7542C130 | 28 | 2,190 | SH | | SOLE | | 2,190 | 0 | 0 |
| VanEck High Yield Muni ETF | HIGH YLD MUNIETF | 92189H409 | 6,003 | 96,161 | SH | | SOLE | | 96,161 | 0 | 0 |
| iShares iBoxx High Yield Corporate Bond ETF | IBOXX HI YD ETF | 464288513 | 12,476 | 143,382 | SH | | SOLE | | 143,382 | 0 | 0 |
| SPDR Bloomberg High Yield Bond ETF | BLOOMBERG HIGH Y | 78468R622 | 5,054 | 46,549 | SH | | SOLE | | 46,549 | 0 | 0 |
| iShares Broad USD High Yield Corporate Bond ETF | iShares Broad USD High Yield Corporate Bond ETF | 46435U853 | 78,738 | 1,911,578 | SH | | SOLE | | 1,911,578 | 0 | 0 |
