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      <invstOrSec>
        <name>BTRS HOLDINGS INC PIPE</name>
        <lei>549300K51KDPS5MBVB54</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Internal" value="HAF700000"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WSFS FINANCIAL CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MR COOPER GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRAB HOLDINGS INC.</name>
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          <other otherDesc="Internal" value="HEE731000"/>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EQUIFAX INC</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BLACK KNIGHT INC</name>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NUVEI CORP</name>
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          <isin value="CA67079A1021"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NAVIENT CORP</name>
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          <isin value="US63938C1080"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SLM CORP</name>
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          <isin value="US78442P1066"/>
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        <balance>348600.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PAYPAL HLDGS INC</name>
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        <balance>5300.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW YORK COMMUNITY BANCORP INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CREDIT ACCEPTANCE CORP</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>META FINL GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FIDELITY NATL INFORMN SVCS INC</name>
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        <name>SYNCHRONY FINANCIAL</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TFS FINANCIAL CORP</name>
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        <name>SIGNATURE BK NEW YORK NY</name>
        <lei>VLP5AP0XK2GM6GKD1007</lei>
        <title>SIGNATURE BANK</title>
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        <name>NEW RESIDENTIAL INVT CORP</name>
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        <name>PENNYMAC FINANCIAL SERVICES INC</name>
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        <name>MGIC INVESTMENT CORP WIS</name>
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        <name>REDWOOD TRUST INC</name>
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        <title>REDWOOD TRUST INC REIT</title>
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        <name>NMI HOLDINGS INC</name>
        <lei>529900KNNGFXJX1C3Z08</lei>
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        <name>AGNC INVESTMENT CORP</name>
        <lei>5TRACI5HRMELWV32OF39</lei>
        <title>AGNC INVESTMENT CORP</title>
        <cusip>00123Q104</cusip>
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      </invstOrSec>
      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Cash Central Fund</title>
        <cusip>31635A105</cusip>
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          <isin value="US31635A1051"/>
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        <balance>8582611.58200000</balance>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WORLDLINE SA</name>
        <lei>549300CJMQNCA0U4TS33</lei>
        <title>WORLDLINE SA</title>
        <cusip>N/A</cusip>
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          <isin value="FR0011981968"/>
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        <balance>11100.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.82004182"/>
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        <pctVal>0.400065334790</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LIGHTSPEED POS INC</name>
        <lei>254900T8MDWRTGMFZ257</lei>
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        <cusip>53227R106</cusip>
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          <isin value="CA53227R1064"/>
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        <balance>9100.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.20805000"/>
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        <pctVal>0.245599155668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALLY FINL INC</name>
        <lei>549300JBN1OSM8YNAI90</lei>
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          <isin value="US02005N1000"/>
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        <balance>359500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19668245.00000000</valUSD>
        <pctVal>7.364910077322</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OPEN LENDING CORP</name>
        <lei>N/A</lei>
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          <isin value="US68373J1043"/>
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        <balance>17600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>679008.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MONEYGRAM INTL INC</name>
        <lei>5299002DLX0Q04KC4156</lei>
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        <cusip>60935Y208</cusip>
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          <isin value="US60935Y2081"/>
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        <balance>104000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1019200.00000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>FLYWIRE CORP</name>
        <lei>54930055DSV7NNY4VY66</lei>
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        <cusip>302492103</cusip>
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          <isin value="US3024921039"/>
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        <balance>4300.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>147662.00000000</valUSD>
        <pctVal>0.055293054964</pctVal>
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        <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>
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      <invstOrSec>
        <name>MERCADOLIBRE INC</name>
        <lei>549300DKPDN9M5S8GB14</lei>
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        <cusip>58733R102</cusip>
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          <isin value="US58733R1023"/>
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        <balance>300.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>407601.00000000</valUSD>
        <pctVal>0.152629007439</pctVal>
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        <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>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRSTCASH INC</name>
        <lei>549300V2X3UU7K0DG350</lei>
        <title>FIRSTCASH INC</title>
        <cusip>33767D105</cusip>
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          <isin value="US33767D1054"/>
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        <balance>58111.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4632608.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MFA FINANCIAL INC</name>
        <lei>YW72IMH2RRC8Z1TGLG58</lei>
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        <balance>905800.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3958346.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GLOBAL PAYMENTS INC</name>
        <lei>549300NOMHGVQBX6S778</lei>
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          <isin value="US37940X1028"/>
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        <balance>17969.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3480774.99000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ANNALY CAPITAL MANAGEMENT INC</name>
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        <title>ANNALY CAPITAL MGMT INC REIT</title>
        <cusip>035710409</cusip>
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        <balance>229915.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2131312.05000000</valUSD>
        <pctVal>0.798084506012</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Fidelity Revere Street Trust</name>
        <lei>549300BDV45LJNXBZC55</lei>
        <title>Fidelity Securities Lending Cash Central Fund</title>
        <cusip>31635A303</cusip>
        <identifiers>
          <isin value="US31635A3032"/>
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        <balance>2775065.36200000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2775342.87000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="2775342.87000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DISCOVER FINANCIAL SVS</name>
        <lei>Z1YLO2USPORE63VVUL20</lei>
        <title>DISCOVER FIN SVCS</title>
        <cusip>254709108</cusip>
        <identifiers>
          <isin value="US2547091080"/>
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        <balance>104900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12300574.00000000</valUSD>
        <pctVal>4.606034824634</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASSURANT INC</name>
        <lei>H3F39CAXWQRVWURFXL38</lei>
        <title>ASSURANT INC</title>
        <cusip>04621X108</cusip>
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          <isin value="US04621X1081"/>
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        <balance>13000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2094950.00000000</valUSD>
        <pctVal>0.784468485443</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MASTERCARD INC</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>MASTERCARD INC CL A</title>
        <cusip>57636Q104</cusip>
        <identifiers>
          <isin value="US57636Q1040"/>
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        <balance>33750.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12169575.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO and CO</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO and CO</title>
        <cusip>949746101</cusip>
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        <balance>63200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2952704.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>REPAY HOLDINGS CORP</name>
        <lei>N/A</lei>
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          <isin value="US76029L1008"/>
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        <balance>34200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>776682.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SANTANDER CONSUMER USA HLDGS INC</name>
        <lei>5493004SHNXEHHZ58X76</lei>
        <title>SANTANDER CONSUMER USA HLDGS INC</title>
        <cusip>80283M101</cusip>
        <identifiers>
          <isin value="US80283M1018"/>
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        <balance>275600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10445240.00000000</valUSD>
        <pctVal>3.911292204060</pctVal>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN EXPRESS CO</name>
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        <title>AMERICAN EXPRESS CO</title>
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        <balance>94600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15148298.00000000</valUSD>
        <pctVal>5.672384729521</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SEA LTD</name>
        <lei>529900OM6JLLW44YKI15</lei>
        <title>SEA LTD ADR</title>
        <cusip>81141R100</cusip>
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          <isin value="US81141R1005"/>
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        <balance>2500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>633100.00000000</valUSD>
        <pctVal>0.237068664232</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-06-30</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>
