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      <invstOrSec>
        <name>EXPEDITORS INTL OF WASH INC</name>
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      <invstOrSec>
        <name>HEICO CORP NEW</name>
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        <name>NORTHROP GRUMMAN CORP</name>
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        <name>WOODWARD INC</name>
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        <name>HUNT (JB) TRANSPORT SERVICES</name>
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        <name>SPIRIT AIRLINES INC</name>
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        <name>AMERICAN AIRLS GROUP INC</name>
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        <name>SOUTHWEST AIRLINES CO</name>
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        <name>HEXCEL CORPORATION</name>
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        <name>AIR TRANSPORT SERVICES GROUP INC</name>
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        <name>POINTS INTL LTD</name>
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        <name>UNITED AIRLINES HOLDINGS INC</name>
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        <name>BOEING CO</name>
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        <name>HUNTINGTON INGALLS INDUSTR INC</name>
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        <name>HUB GROUP INC</name>
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        <name>FORWARD AIR CORP</name>
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        <name>CH ROBINSON WORLDWIDE INC</name>
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        <name>AIR CANADA INC</name>
        <lei>4B4HI3CGXMBDC0G6BM51</lei>
        <title>AIR CANADA VTG</title>
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      <invstOrSec>
        <name>ECHO GLOBAL LOGISTICS INC</name>
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      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
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      <invstOrSec>
        <name>UNIVERSAL LOGISTICS HOLDINGS INC</name>
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      <invstOrSec>
        <name>JETBLUE AIRWAYS CORP</name>
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        <name>CSX CORP</name>
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      <invstOrSec>
        <name>CACI INTL INC</name>
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        <name>US XPRESS ENTERPRISES INC</name>
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        <name>SPIRIT AEROSYSTEMS HLDGS INC</name>
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        <name>WILLIS LEASE FINANCE CORP</name>
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        <name>Fidelity Revere Street Trust</name>
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        <name>RAYTHEON TECHNOLOGIES CORP</name>
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        <name>LANDSTAR SYSTEM INC</name>
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        <name>VIRGIN GALACTIC HLDGS INC</name>
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        <name>TELEDYNE TECHNOLOGIES INC</name>
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        <name>PARK OHIO HLDGS CORP</name>
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        <name>HAWAIIAN HOLDINGS INC</name>
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        <name>UNION PACIFIC CORP</name>
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        <name>UNITED PARCEL SERVICE INC</name>
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        <name>ALASKA AIR GROUP INC</name>
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        <name>ATLAS AIR WORLDWIDE HLDGS INC</name>
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        <title>ATLAS AIR WORLDWIDE HLDGS WI</title>
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        <name>ELBIT SYSTEMS LTD</name>
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        <name>DISNEY (WALT) CO</name>
        <lei>549300GZKULIZ0WOW665</lei>
        <title>DISNEY (WALT) CO</title>
        <cusip>254687106</cusip>
        <identifiers>
          <isin value="US2546871060"/>
        </identifiers>
        <balance>7000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>821100.00000000</valUSD>
        <pctVal>0.368934475434</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRANSDIGM GROUP INC</name>
        <lei>N/A</lei>
        <title>TRANSDIGM GROUP INC</title>
        <cusip>893641100</cusip>
        <identifiers>
          <isin value="US8936411003"/>
        </identifiers>
        <balance>22600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9600932.00000000</valUSD>
        <pctVal>4.313865316169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FTI CONSULTING INC</name>
        <lei>549300K17GM8EQD0FQ48</lei>
        <title>FTI CONSULTING INC</title>
        <cusip>302941109</cusip>
        <identifiers>
          <isin value="US3029411093"/>
        </identifiers>
        <balance>2300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>277058.00000000</valUSD>
        <pctVal>0.124486966136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MOOG INC</name>
        <lei>549300WM2I4U7OBAHG07</lei>
        <title>MOOG INC CL A</title>
        <cusip>615394202</cusip>
        <identifiers>
          <isin value="US6153942023"/>
        </identifiers>
        <balance>69900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3794871.00000000</valUSD>
        <pctVal>1.705101378307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Stacie M. Smith</ncom:nameOfApplicant>
      <ncom:signature>Stacie M. Smith</ncom:signature>
      <ncom:signerName>Stacie M. Smith</ncom:signerName>
      <ncom:title>President and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
