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      <regLei>C88PZA3GJP7OWPNW6V03</regLei>
      <regStreet1>245 Summer Street</regStreet1>
      <regCity>Boston</regCity>
      <regStateConditional regCountry="US" regState="US-MA"/>
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        <name>IBM CORPORATION</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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        <name>3M CO</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GENPACT LTD</name>
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          <isin value="BMG3922B1072"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STERICYCLE INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GENERAL ELECTRIC CO</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BRITISH AMERICAN TOBACCO PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNISYS CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MOHAWK INDUSTRIES INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>DONALDSON INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ALTRIA GROUP INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FIDELITY REVERE STREET TRUST</name>
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        <assetCat>STIV</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>CORESITE RLTY CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>EQUINOR ASA</name>
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        <name>EXPEDITORS INTL OF WASH INC</name>
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        <name>KKR and CO INC DEL</name>
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        <name>BROOKFIELD ASSET MGMT INC</name>
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        <name>HUNTINGTON INGALLS INDUSTR INC</name>
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        <name>EQUINIX INC</name>
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        <name>EDISON INTERNATIONAL</name>
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        <name>VIRTU FINANCIAL INC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EXELON CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SANOFI</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN TOWER CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TRUIST FINANCIAL CORP</name>
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        <name>INTERPUBLIC GROUP OF COS INC</name>
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        <name>MORGAN STANLEY</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BANK OF AMERICA, N.A.</name>
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        <name>PATTERSON COS INC</name>
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        <name>SPECTRUM BRANDS HOLDINGS INC</name>
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        <name>VISA INC</name>
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        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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        <name>FIDELITY NATL INFORMN SVCS INC</name>
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        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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        <name>FEDEX CORP</name>
        <lei>549300E707U7WNPZN687</lei>
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        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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        <name>OMNICOM GROUP INC</name>
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        <name>UNILEVER NV</name>
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        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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        <name>COMCAST CORP NEW</name>
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        <name>SIMON PPTY GROUP INC NEW</name>
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        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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        <name>BOSTON SCIENTIFIC CORP</name>
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        <name>HUBBELL INC</name>
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      <invstOrSec>
        <name>SCHWAB CHARLES CORP</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>SCHWAB CHARLES CORP</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NOBLE ENERGY INC</name>
        <lei>02VFQXG2D1LR5ZH3K186</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHUBB LTD</name>
        <lei>E0JAN6VLUDI1HITHT809</lei>
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        <cusip>N/A</cusip>
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          <isin value="CH0044328745"/>
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        <balance>39700.00000000</balance>
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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>MASTERCARD INC</name>
        <lei>AR5L2ODV9HN37376R084</lei>
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          <isin value="US57636Q1040"/>
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        <balance>510.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PUBLIC STORAGE</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KOSMOS ENERGY LTD</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COLGATE-PALMOLIVE CO</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GLAXOSMITHKLINE PLC</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>GLAXOSMITHKLINE PLC SPONS ADR</title>
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          <isin value="US37733W1053"/>
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        <invCountry>GB</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WALMART INC</name>
        <lei>Y87794H0US1R65VBXU25</lei>
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        <balance>194900.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMORGAN CHASE and CO</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FORTIVE CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FIRST HAWAIIAN INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>MICROSOFT CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>PAYCHEX INC</name>
        <lei>529900K900DW6SUBM174</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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          <ticker value="UPS4C130"/>
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        <name>CVS HEALTH CORP</name>
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        <title>CVS HEALTH CORP</title>
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        <name>BECTON DICKINSON and CO</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>BECTON DICKINSON and CO PC SER A 6.125% 5/01/20</title>
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        <name>APPLIED MATERIALS INC</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>APPLIED MATERIALS INC</title>
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        <name>RAYMOND JAMES FINANCIAL INC.</name>
        <lei>RGUZHJ05YTITL6D76949</lei>
        <title>RAYMOND JAMES FINANCIAL INC.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>AVANTOR INC</name>
        <lei>5493003VM0XB4U8YD238</lei>
        <title>AVANTOR INC SER A 6.25% PC 05/15/2022</title>
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        <fairValLevel>2</fairValLevel>
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        <name>GENERAL DYNAMICS CORP</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>GENERAL DYNAMICS CORPORATION</title>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>SEMPRA ENERGY</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
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          <isin value="US8168511090"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HESS CORP</name>
        <lei>UASVRYNXNK17ULIGK870</lei>
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          <isin value="US42809H1077"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STATE STREET CORP</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
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          <isin value="US8574771031"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RADIAN GROUP INC</name>
        <lei>54930005OUP720S5U385</lei>
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        <cusip>750236101</cusip>
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          <isin value="US7502361014"/>
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        <balance>162550.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JOHNSON and JOHNSON</name>
        <lei>549300G0CFPGEF6X2043</lei>
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          <isin value="US4781601046"/>
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        <balance>247859.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CBOE GLOBAL MARKETS INC</name>
        <lei>529900RLNSGA90UPEH54</lei>
        <title>CBOE GLOBAL MARKETS INC</title>
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          <isin value="US12503M1080"/>
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        <balance>9400.00000000</balance>
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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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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
        <lei>N/A</lei>
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          <ticker value="JPM1C135"/>
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        <fairValLevel>1</fairValLevel>
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          <optionSwaptionWarrantDeriv derivCat="OPT">
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              <counterpartyName>CHICAGO BOARD OPTIONS EXCHANGE</counterpartyName>
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                <issuerName>JPMORGAN CHASE and CO</issuerName>
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            <shareNo>100.00000000</shareNo>
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      <invstOrSec>
        <name>BECTON DICKINSON and CO</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>BECTON DICKINSON and CO</title>
        <cusip>075887109</cusip>
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          <isin value="US0758871091"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TAIWAN SEMICONDUCTR MFG CO LTD</name>
        <lei>549300KB6NK5SBD14S87</lei>
        <title>TAIWAN SEMIC MFG CO LTD SP ADR</title>
        <cusip>874039100</cusip>
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          <isin value="US8740391003"/>
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        <assetCat>EC</assetCat>
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        <invCountry>TW</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HUNT (JB) TRANSPORT SERVICES</name>
        <lei>549300XCD1MPI1C5GK90</lei>
        <title>HUNT J B TRANSPORT SERVICES IN</title>
        <cusip>445658107</cusip>
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          <isin value="US4456581077"/>
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        <balance>89382.00000000</balance>
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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>SHRIRAM TRANSPORT FIN CO LTD</name>
        <lei>335800TM2YO24B76XL26</lei>
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          <isin value="INE721A01013"/>
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        <balance>38600.00000000</balance>
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        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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          <ticker value="WMT1C125"/>
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        <fairValLevel>1</fairValLevel>
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            <shareNo>100.00000000</shareNo>
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        <name>ACUITY BRANDS INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>INTERFACE INC</name>
        <lei>549300VXZWQOIDFPU355</lei>
        <title>INTERFACE INC</title>
        <cusip>458665304</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>ACTIVISION BLIZZARD INC</name>
        <lei>549300TPQQDBP9GNOF40</lei>
        <title>ACTIVISION BLIZZARD INC</title>
        <cusip>00507V109</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>WELLS FARGO and CO</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>MEGGITT PLC</name>
        <lei>YMFO3TKB4UAWQTDZJJ31</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>RELX PLC</name>
        <lei>549300WSX3VBUFFJOO66</lei>
        <title>RELX PLC</title>
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        <name>UNITED PARCEL SERVICE INC</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
        <title>UNITED PARCEL SERVICE INC CL B</title>
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        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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        <title>GLAXOSMITHKLINE PLC SPONS ADR CALL 46 01/17/2020</title>
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      <invstOrSec>
        <name>CHICAGO BOARD OPTIONS EXCHANGE</name>
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            <counterparties>
              <counterpartyName>CHICAGO BOARD OPTIONS EXCHANGE</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>PROCTER and GAMBLE CO</issuerName>
                <issueTitle>PROCTER and GAMBLE CO</issueTitle>
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            </descRefInstrmnt>
            <shareNo>100.00000000</shareNo>
            <exercisePrice>125</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2020-03-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>7617.01</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TJX COMPANIES INC</name>
        <lei>V167QI9I69W364E2DY52</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
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        <name>TRAVELERS COS INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC</name>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>MSC INDUSTRIAL DIRECT INC</name>
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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>NESTLE SA</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>NESTLE SA REG ADR</title>
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          <isin value="US6410694060"/>
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        <balance>46800.00000000</balance>
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        <valUSD>5066568.00000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNC FINANCIAL SERVICES GRP INC</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC FINANCIAL SERVICES GRP INC</title>
        <cusip>693475105</cusip>
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          <isin value="US6934751057"/>
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        <balance>125672.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20061021.36000000</valUSD>
        <pctVal>1.282697065509</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>APPLE INC</name>
        <lei>HWUPKR0MPOU8FGXBT394</lei>
        <title>APPLE INC</title>
        <cusip>037833100</cusip>
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          <isin value="US0378331005"/>
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        <balance>133758.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39278036.70000000</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>
      <invstOrSec>
        <name>APOLLO GLOBAL MGMT LLC</name>
        <lei>54930054P2G7ZJB0KM79</lei>
        <title>APOLLO GLOBAL MGMT INC CL A</title>
        <cusip>03768E105</cusip>
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          <isin value="US03768E1055"/>
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        <balance>3600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>171756.00000000</valUSD>
        <pctVal>0.010982038911</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>M and T BANK CORP</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M and T BANK CORP</title>
        <cusip>55261F104</cusip>
        <identifiers>
          <isin value="US55261F1049"/>
        </identifiers>
        <balance>17900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3038525.00000000</valUSD>
        <pctVal>0.194282585668</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>SCHLUMBERGER LTD</name>
        <lei>213800ZUA17OK3QLGM62</lei>
        <title>SCHLUMBERGER LTD</title>
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          <isin value="AN8068571086"/>
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        <balance>30200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1214040.00000000</valUSD>
        <pctVal>0.077625436784</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAP SE</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP SE SPON ADR</title>
        <cusip>803054204</cusip>
        <identifiers>
          <isin value="US8030542042"/>
        </identifiers>
        <balance>126800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16989932.00000000</valUSD>
        <pctVal>1.086332322194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-30</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>
</edgarSubmission>
