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      <invstOrSec>
        <name>CANNAE HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COMPUTER SERVICES INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>US BANCORP DEL</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHUBB LTD</name>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK NEW YORK MELLON CORP</name>
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      <invstOrSec>
        <name>APOLLO GLOBAL MANAGEMENT INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RAYMOND JAMES FINANCIAL INC.</name>
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          <isin value="US7547301090"/>
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        <fairValLevel>1</fairValLevel>
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        <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>
        <lei>549300TUSNXS3BFFML48</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HEARTLAND FINANCIAL USA INC</name>
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        <title>HEARTLAND FINANCIAL USA INC</title>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>HARTFORD FINL SVCS GROUP INC</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>POPULAR INC</name>
        <lei>5493008CARDZMVQ3LO89</lei>
        <title>POPULAR INC</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WESBANCO INC</name>
        <lei>N/A</lei>
        <title>WESBANCO INC</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>AMERIS BANCORP</name>
        <lei>PBJHNT51T5V6G5UQFV42</lei>
        <title>AMERIS BANCORP</title>
        <cusip>03076K108</cusip>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <name>WINTRUST FINANCIAL CORP</name>
        <lei>Q774KI4AW80FHFW33O61</lei>
        <title>WINTRUST FINANCIAL CORP</title>
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        <name>REINSURANCE GROUP OF AMERICA INC</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>REINSURANCE GROUP OF AMERICA</title>
        <cusip>759351604</cusip>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>GREAT WESTERN BANCORP INC</name>
        <lei>5493004X4OTHDTFBHI90</lei>
        <title>GREAT WESTERN BANCORP INC</title>
        <cusip>391416104</cusip>
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        <name>PATRIA INVESTMENTS LTD</name>
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        <title>PATRIA INVESTMENTS LTD</title>
        <cusip>N/A</cusip>
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        <name>PEOPLES UNITED FINANCIAL INC</name>
        <lei>ROPY7PEPIPIDJNF0BO69</lei>
        <title>PEOPLES UNITED FINANCIAL INC</title>
        <cusip>712704105</cusip>
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        <name>WILLIS TOWERS WATSON PLC</name>
        <lei>549300WHC56FF48KL350</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN INTERNATIONAL GROUP INC</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>AMERICAN INTERNATIONAL GROUP</title>
        <cusip>026874784</cusip>
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        <name>HISCOX LTD</name>
        <lei>5493007JXOLJ0QCY2D70</lei>
        <title>HISCOX LTD (NE HISCOX BERMUDA)</title>
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        <invCountry>BM</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>M and T BANK CORP</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M and T BANK CORP</title>
        <cusip>55261F104</cusip>
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        <balance>167000.00000000</balance>
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        <valUSD>24483870.00000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GALLAGHER (ARTHUR J.) and CO</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BOK FINANCIAL CORP</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PRIMERICA INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OZK</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLIANCEBERNSTEIN HOLDING LP</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST HORIZON CORP</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NORTHERN TRUST CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>RADIAN GROUP INC</name>
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        <name>LAZARD LTD</name>
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        <name>CITIGROUP INC</name>
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        <name>SIGNATURE BK NEW YORK NY</name>
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        <name>FIDELITY NATIONAL FINANCIAL INC</name>
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        <name>MGIC INVESTMENT CORP</name>
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        <name>Fidelity Revere Street Trust</name>
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        <name>AFFILIATED MANAGERS GROUP INC</name>
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        <name>ASSOCIATED BANC CORP</name>
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        <name>TRAVELERS COS INC</name>
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        <name>MORGAN STANLEY</name>
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        <title>MORGAN STANLEY</title>
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        <name>AMERICAN EXPRESS CO</name>
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        <name>CADENCE BANK</name>
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        <name>PNC FINANCIAL SERVICES GRP INC</name>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-12-30</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>
