<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>
      
      <filer>
        <issuerCredentials>
          <cik>0001329954</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      
      
      <seriesClassInfo>
        <seriesId>S000023715</seriesId>
        <classId>C000069762</classId>
        <classId>C000069764</classId>
        <classId>C000069766</classId>
        <classId>C000078799</classId>
        <classId>C000111293</classId>
        <classId>C000076626</classId>
        <classId>C000076627</classId>
        <classId>C000104499</classId>
      </seriesClassInfo>
      
      
    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>John Hancock Funds III</regName>
      <regFileNumber>811-21777</regFileNumber>
      <regCik>0001329954</regCik>
      <regLei>5493006O6VUD5OVZY109</regLei>
      <regStreet1>200 Berkeley Street</regStreet1>
      <regCity>Boston</regCity>
      <regStateConditional regCountry="US" regState="US-MA"/>
      <regZipOrPostalCode>02116</regZipOrPostalCode>
      <regPhone>617-543-9634</regPhone>
      <seriesName>Disciplined Value Fund</seriesName>
      <seriesId>S000023715</seriesId>
      <seriesLei>549300AK6S9T3UX2CU62</seriesLei>
      <repPdEnd>2026-03-31</repPdEnd>
      <repPdDate>2026-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>17002112415.830000000000</totAssets>
      <totLiabs>3569321.810000000000</totLiabs>
      <netAssets>16998543094.020000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.000000000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.000000000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.000000000000</amtPayAftOneYrOther>
      <delayDeliv>0.000000000000</delayDeliv>
      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <cshNotRptdInCorD>0.000000000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000069762" rtn1="5.120000000000" rtn2="2.400000000000" rtn3="-5.470000000000"/>
          <monthlyTotReturn classId="C000069764" rtn1="5.040000000000" rtn2="2.320000000000" rtn3="-5.530000000000"/>
          <monthlyTotReturn classId="C000069766" rtn1="5.140000000000" rtn2="2.420000000000" rtn3="-5.480000000000"/>
          <monthlyTotReturn classId="C000076626" rtn1="5.130000000000" rtn2="2.380000000000" rtn3="-5.480000000000"/>
          <monthlyTotReturn classId="C000076627" rtn1="5.160000000000" rtn2="2.380000000000" rtn3="-5.430000000000"/>
          <monthlyTotReturn classId="C000078799" rtn1="5.200000000000" rtn2="2.380000000000" rtn3="-5.430000000000"/>
          <monthlyTotReturn classId="C000104499" rtn1="5.160000000000" rtn2="2.420000000000" rtn3="-5.470000000000"/>
          <monthlyTotReturn classId="C000111293" rtn1="5.110000000000" rtn2="2.350000000000" rtn3="-5.500000000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="93838608.21" netUnrealizedAppr="838598992.46"/>
        <othMon2 netRealizedGain="336571175.36" netUnrealizedAppr="104052505.85"/>
        <othMon3 netRealizedGain="57976971.5599999" netUnrealizedAppr="-1108450099.97"/>
      </returnInfo>
      <mon1Flow redemption="433987777.760001000000" reinvestment="41.030000000000" sales="292496921.740000000000"/>
      <mon2Flow redemption="961795656.070001000000" reinvestment="0.000000000000" sales="461957137.740000000000"/>
      <mon3Flow redemption="1211434828.810000000000" reinvestment="0.000000000000" sales="303428066.050000000000"/>
      
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>Cummins Inc.</name>
        <lei>ZUNI8PYC725B6H8JU438</lei>
        <title>CUMMINS INC COMMON STOCK USD2.5</title>
        <cusip>231021106</cusip>
        <identifiers>
          <isin value="US2310211063"/>
          <ticker value="CMI US"/>
        </identifiers>
        <balance>356835</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191984366.7</valUSD>
        <pctVal>1.1294165955</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>Dell Technologies Inc.</name>
        <lei>549300TJB5YBRUPOG437</lei>
        <title>DELL TECHNOLOGIES INC COMMON STOCK</title>
        <cusip>24703L202</cusip>
        <identifiers>
          <isin value="US24703L2025"/>
          <ticker value="DELL US"/>
        </identifiers>
        <balance>1350267</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>221619322.71</valUSD>
        <pctVal>1.3037548070</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>Diamondback Energy Inc.</name>
        <lei>549300R22LSX6OHWEN64</lei>
        <title>DIAMONDBACK ENERGY INC COMMON STOCK USD.01</title>
        <cusip>25278X109</cusip>
        <identifiers>
          <isin value="US25278X1090"/>
          <ticker value="FANG US"/>
        </identifiers>
        <balance>1456872</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>288154712.88</valUSD>
        <pctVal>1.6951729997</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>The Walt Disney Company</name>
        <lei>N/A</lei>
        <title>WALT DISNEY CO/THE COMMON STOCK USD.01</title>
        <cusip>254687106</cusip>
        <identifiers>
          <isin value="US2546871060"/>
          <ticker value="DIS US"/>
        </identifiers>
        <balance>2237519</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>215652081.22</valUSD>
        <pctVal>1.2686503780</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>Entergy Corporation</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>ENTERGY CORP COMMON STOCK USD.01</title>
        <cusip>29364G103</cusip>
        <identifiers>
          <isin value="US29364G1031"/>
          <ticker value="ETR US"/>
        </identifiers>
        <balance>1635289</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>183741072.04</valUSD>
        <pctVal>1.0809224710</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>Meta Platforms Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>META PLATFORMS INC COMMON STOCK USD.000006</title>
        <cusip>30303M102</cusip>
        <identifiers>
          <isin value="US30303M1027"/>
          <ticker value="META US"/>
        </identifiers>
        <balance>471906</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>269991579.78</valUSD>
        <pctVal>1.5883218832</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>FedEx Corporation</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FEDEX CORP COMMON STOCK USD.1</title>
        <cusip>31428X106</cusip>
        <identifiers>
          <isin value="US31428X1063"/>
          <ticker value="FDX US"/>
        </identifiers>
        <balance>655190</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>233365574.2</valUSD>
        <pctVal>1.3728563260</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>FirstEnergy Corp.</name>
        <lei>549300SVYJS666PQJH88</lei>
        <title>FIRSTENERGY CORP COMMON STOCK USD.1</title>
        <cusip>337932107</cusip>
        <identifiers>
          <isin value="US3379321074"/>
          <ticker value="FE US"/>
        </identifiers>
        <balance>5355033</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>271285971.78</valUSD>
        <pctVal>1.5959366063</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>Freeport-McMoRan Inc.</name>
        <lei>N/A</lei>
        <title>FREEPORT-MCMORAN INC COMMON STOCK USD.1</title>
        <cusip>35671D857</cusip>
        <identifiers>
          <isin value="US35671D8570"/>
          <ticker value="FCX US"/>
        </identifiers>
        <balance>2543645</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>149515453.1</valUSD>
        <pctVal>0.8795780454</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>Arthur J. Gallagher and Co.</name>
        <lei>54930049QLLMPART6V29</lei>
        <title>ARTHUR J GALLAGHER and CO COMMON STOCK USD1.0</title>
        <cusip>363576109</cusip>
        <identifiers>
          <isin value="US3635761097"/>
          <ticker value="AJG US"/>
        </identifiers>
        <balance>326701</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70756902.58</valUSD>
        <pctVal>0.4162527470</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>General Dynamics Corporation</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>GENERAL DYNAMICS CORP COMMON STOCK USD1.0</title>
        <cusip>369550108</cusip>
        <identifiers>
          <isin value="US3695501086"/>
          <ticker value="GD US"/>
        </identifiers>
        <balance>607155</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>208387739.1</valUSD>
        <pctVal>1.2259152914</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>Gilead Sciences Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>GILEAD SCIENCES INC COMMON STOCK USD.001</title>
        <cusip>375558103</cusip>
        <identifiers>
          <isin value="US3755581036"/>
          <ticker value="GILD US"/>
        </identifiers>
        <balance>1656471</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>230862363.27</valUSD>
        <pctVal>1.3581302938</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>The Goldman Sachs Group Inc.</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>GOLDMAN SACHS GROUP INC/THE COMMON STOCK USD.01</title>
        <cusip>38141G104</cusip>
        <identifiers>
          <isin value="US38141G1040"/>
          <ticker value="GS US"/>
        </identifiers>
        <balance>271777</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>229920624.23</valUSD>
        <pctVal>1.3525901776</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>Aon Public Limited Company</name>
        <lei>N/A</lei>
        <title>AON PLC COMMON STOCK</title>
        <cusip>G0403H108</cusip>
        <identifiers>
          <isin value="IE00BLP1HW54"/>
          <ticker value="AON US"/>
        </identifiers>
        <balance>563595</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>181917194.1</valUSD>
        <pctVal>1.0701928577</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AstraZeneca PLC</name>
        <lei>PY6ZZQWO2IZFZC3IOL08</lei>
        <title>ASTRAZENECA PLC COMMON STOCK USD.25</title>
        <cusip>G0593M107</cusip>
        <identifiers>
          <isin value="GB0009895292"/>
          <ticker value="AZN US"/>
        </identifiers>
        <balance>834726</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>164624661.72</valUSD>
        <pctVal>0.9684633607</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CRH Public Limited Company</name>
        <lei>549300MIDJNNTH068E74</lei>
        <title>CRH PLC COMMON STOCK EUR.32</title>
        <cusip>G25508105</cusip>
        <identifiers>
          <isin value="IE0001827041"/>
          <ticker value="CRH US"/>
        </identifiers>
        <balance>3138020</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>329868662.4</valUSD>
        <pctVal>1.9405702040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aptiv PLC</name>
        <lei>N/A</lei>
        <title>APTIV PLC COMMON STOCK USD.01</title>
        <cusip>G3265R107</cusip>
        <identifiers>
          <isin value="JE00BTDN8H13"/>
          <ticker value="APTV US"/>
        </identifiers>
        <balance>1291583</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>89687523.52</valUSD>
        <pctVal>0.5276188849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NXP Semiconductors N.V.</name>
        <lei>N/A</lei>
        <title>NXP SEMICONDUCTORS NV COMMON STOCK EUR.2</title>
        <cusip>N6596X109</cusip>
        <identifiers>
          <isin value="NL0009538784"/>
          <ticker value="NXPI US"/>
        </identifiers>
        <balance>1259595</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>247963871.7</valUSD>
        <pctVal>1.4587360242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>The Home Depot Inc.</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>HOME DEPOT INC/THE COMMON STOCK USD.05</title>
        <cusip>437076102</cusip>
        <identifiers>
          <isin value="US4370761029"/>
          <ticker value="HD US"/>
        </identifiers>
        <balance>340724</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>112060716.36</valUSD>
        <pctVal>0.6592371813</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>Honeywell International Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>HONEYWELL INTERNATIONAL INC COMMON STOCK USD1.0</title>
        <cusip>438516106</cusip>
        <identifiers>
          <isin value="US4385161066"/>
          <ticker value="HON US"/>
        </identifiers>
        <balance>1347806</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>304644590.18</valUSD>
        <pctVal>1.7921805916</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>Hubbell Incorporated</name>
        <lei>54930088VDQ6840Y6597</lei>
        <title>HUBBELL INC COMMON STOCK USD.01</title>
        <cusip>443510607</cusip>
        <identifiers>
          <isin value="US4435106079"/>
          <ticker value="HUBB US"/>
        </identifiers>
        <balance>392191</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>192463811.34</valUSD>
        <pctVal>1.1322370998</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>Huntington Bancshares Incorporated</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>HUNTINGTON BANCSHARES INC/OH COMMON STOCK USD.01</title>
        <cusip>446150104</cusip>
        <identifiers>
          <isin value="US4461501045"/>
          <ticker value="HBAN US"/>
        </identifiers>
        <balance>12625058</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197582157.7</valUSD>
        <pctVal>1.1623476001</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>Intercontinental Exchange Inc.</name>
        <lei>5493000F4ZO33MV32P92</lei>
        <title>INTERCONTINENTAL EXCHANGE INC COMMON STOCK USD.01</title>
        <cusip>45866F104</cusip>
        <identifiers>
          <isin value="US45866F1049"/>
          <ticker value="ICE US"/>
        </identifiers>
        <balance>1268163</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>199456676.64</valUSD>
        <pctVal>1.1733751271</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>IQVIA Holdings Inc.</name>
        <lei>N/A</lei>
        <title>IQVIA HOLDINGS INC COMMON STOCK USD.01</title>
        <cusip>46266C105</cusip>
        <identifiers>
          <isin value="US46266C1053"/>
          <ticker value="IQV US"/>
        </identifiers>
        <balance>952232</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>162393645.28</valUSD>
        <pctVal>0.9553386098</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>JPMorgan Chase and Co.</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMORGAN CHASE and CO COMMON STOCK USD1.0</title>
        <cusip>46625H100</cusip>
        <identifiers>
          <isin value="US46625H1005"/>
          <ticker value="JPM US"/>
        </identifiers>
        <balance>2372092</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>697774582.72</valUSD>
        <pctVal>4.1049081610</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>PPL Corporation</name>
        <lei>9N3UAJSNOUXFKQLF3V18</lei>
        <title>PPL CORP COMMON STOCK USD.01</title>
        <cusip>69351T106</cusip>
        <identifiers>
          <isin value="US69351T1060"/>
          <ticker value="PPL US"/>
        </identifiers>
        <balance>5544042</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>211782404.4</valUSD>
        <pctVal>1.2458856222</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>Philip Morris International Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>PHILIP MORRIS INTERNATIONAL IN COMMON STOCK</title>
        <cusip>718172109</cusip>
        <identifiers>
          <isin value="US7181721090"/>
          <ticker value="PM US"/>
        </identifiers>
        <balance>2355759</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>389501193.06</valUSD>
        <pctVal>2.2913798606</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>Quest Diagnostics Incorporated</name>
        <lei>8MCWUBXQ0WE04KMXBX50</lei>
        <title>QUEST DIAGNOSTICS INC COMMON STOCK USD.01</title>
        <cusip>74834L100</cusip>
        <identifiers>
          <isin value="US74834L1008"/>
          <ticker value="DGX US"/>
        </identifiers>
        <balance>1064982</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>208715172.36</valUSD>
        <pctVal>1.2278415345</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>United Rentals Inc.</name>
        <lei>5323X5O7RN0NKFCDRY08</lei>
        <title>UNITED RENTALS INC COMMON STOCK USD.01</title>
        <cusip>911363109</cusip>
        <identifiers>
          <isin value="US9113631090"/>
          <ticker value="URI US"/>
        </identifiers>
        <balance>305868</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>222843190.08</valUSD>
        <pctVal>1.3109546439</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>US Foods Holding Corp.</name>
        <lei>549300UGOZSO64CFPR97</lei>
        <title>US FOODS HOLDING CORP COMMON STOCK USD.01</title>
        <cusip>912008109</cusip>
        <identifiers>
          <isin value="US9120081099"/>
          <ticker value="USFD US"/>
        </identifiers>
        <balance>3801646</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>350549777.66</valUSD>
        <pctVal>2.0622342498</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>Flex Ltd.</name>
        <lei>549300EAQH74YHD07T53</lei>
        <title>FLEX LTD COMMON STOCK</title>
        <cusip>Y2573F102</cusip>
        <identifiers>
          <isin value="SG9999000020"/>
          <ticker value="FLEX US"/>
        </identifiers>
        <balance>2876935</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>188324165.1</valUSD>
        <pctVal>1.1078841525</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>Capital One Financial Corporation</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINANCIAL CORP COMMON STOCK USD.01</title>
        <cusip>14040H105</cusip>
        <identifiers>
          <isin value="US14040H1059"/>
          <ticker value="COF US"/>
        </identifiers>
        <balance>798252</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>145625112.36</valUSD>
        <pctVal>0.8566917268</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>Cenovus Energy Inc.</name>
        <lei>N/A</lei>
        <title>CENOVUS ENERGY INC COMMON STOCK</title>
        <cusip>15135U109</cusip>
        <identifiers>
          <isin value="CA15135U1093"/>
          <ticker value="CVE US"/>
        </identifiers>
        <balance>7202732</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>191088479.96</valUSD>
        <pctVal>1.1241462218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CenterPoint Energy Inc.</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
        <title>CENTERPOINT ENERGY INC COMMON STOCK USD.01</title>
        <cusip>15189T107</cusip>
        <identifiers>
          <isin value="US15189T1079"/>
          <ticker value="CNP US"/>
        </identifiers>
        <balance>3420468</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>147627398.88</valUSD>
        <pctVal>0.8684708923</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>The Coca-Cola Company</name>
        <lei>UWJKFUJFZ02DKWI3RY53</lei>
        <title>COCA-COLA CO/THE COMMON STOCK USD.25</title>
        <cusip>191216100</cusip>
        <identifiers>
          <isin value="US1912161007"/>
          <ticker value="KO US"/>
        </identifiers>
        <balance>2569461</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>195407509.05</valUSD>
        <pctVal>1.1495544528</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>Coca-Cola Europacific Partners plc</name>
        <lei>549300LTH67W4GWMRF57</lei>
        <title>COCA-COLA EUROPACIFIC PARTNERS COMMON STOCK EUR.01</title>
        <cusip>19122T109</cusip>
        <identifiers>
          <isin value="GB00BDCPN049"/>
          <ticker value="CCEP US"/>
        </identifiers>
        <balance>1118685</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>101431168.95</valUSD>
        <pctVal>0.5967050728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LPL Financial Holdings Inc.</name>
        <lei>549300XROQ4Y8G2L7682</lei>
        <title>LPL FINANCIAL HOLDINGS INC COMMON STOCK</title>
        <cusip>50212V100</cusip>
        <identifiers>
          <isin value="US50212V1008"/>
          <ticker value="LPLA US"/>
        </identifiers>
        <balance>754161</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>226874253.63</valUSD>
        <pctVal>1.3346688147</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>L3Harris Technologies Inc.</name>
        <lei>549300UTE50ZMDBG8A20</lei>
        <title>HARRIS CORP COMMON STOCK USD1.0</title>
        <cusip>502431109</cusip>
        <identifiers>
          <isin value="US5024311095"/>
          <ticker value="LHX US"/>
        </identifiers>
        <balance>651015</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>224697827.25</valUSD>
        <pctVal>1.3218652093</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>Labcorp Holdings Inc.</name>
        <lei>N/A</lei>
        <title>LABCORP HOLDINGS INC COMMON STOCK USD.1</title>
        <cusip>504922105</cusip>
        <identifiers>
          <isin value="US5049221055"/>
          <ticker value="LH US"/>
        </identifiers>
        <balance>394576</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>105276822.56</valUSD>
        <pctVal>0.6193285035</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>Leidos Holdings Inc.</name>
        <lei>549300IUTGTP6EJP8124</lei>
        <title>LEIDOS HOLDINGS INC COMMON STOCK USD.0001</title>
        <cusip>525327102</cusip>
        <identifiers>
          <isin value="US5253271028"/>
          <ticker value="LDOS US"/>
        </identifiers>
        <balance>600891</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>93450568.32</valUSD>
        <pctVal>0.5497563397</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>Lululemon Athletica Inc.</name>
        <lei>549300D9GZ4BMLDW5T40</lei>
        <title>LULULEMON ATHLETICA INC COMMON STOCK USD.005</title>
        <cusip>550021109</cusip>
        <identifiers>
          <isin value="US5500211090"/>
          <ticker value="LULU US"/>
        </identifiers>
        <balance>41311</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6324714.1</valUSD>
        <pctVal>0.0372073893</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marathon Petroleum Corporation</name>
        <lei>3BNYRYQHD39K4LCKQF12</lei>
        <title>MARATHON PETROLEUM CORP COMMON STOCK USD.01</title>
        <cusip>56585A102</cusip>
        <identifiers>
          <isin value="US56585A1025"/>
          <ticker value="MPC US"/>
        </identifiers>
        <balance>1450756</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>354245600.08</valUSD>
        <pctVal>2.0839762450</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>Marvell Technology Inc.</name>
        <lei>N/A</lei>
        <title>MARVELL TECHNOLOGY INC COMMON STOCK USD.002</title>
        <cusip>573874104</cusip>
        <identifiers>
          <isin value="US5738741041"/>
          <ticker value="MRVL US"/>
        </identifiers>
        <balance>1444218</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>143049792.9</valUSD>
        <pctVal>0.8415414904</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>McKesson Corporation</name>
        <lei>549300WZWOM80UCFSF54</lei>
        <title>MCKESSON CORP COMMON STOCK USD.01</title>
        <cusip>58155Q103</cusip>
        <identifiers>
          <isin value="US58155Q1031"/>
          <ticker value="MCK US"/>
        </identifiers>
        <balance>318349</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>275486490.64</valUSD>
        <pctVal>1.6206476585</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY COMMON STOCK USD.01</title>
        <cusip>617446448</cusip>
        <identifiers>
          <isin value="US6174464486"/>
          <ticker value="MS US"/>
        </identifiers>
        <balance>1749806</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>287965573.42</valUSD>
        <pctVal>1.6940603193</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>NRG Energy Inc.</name>
        <lei>5E2UPK5SW04M13XY7I38</lei>
        <title>NRG ENERGY INC COMMON STOCK USD.01</title>
        <cusip>629377508</cusip>
        <identifiers>
          <isin value="US6293775085"/>
          <ticker value="NRG US"/>
        </identifiers>
        <balance>677788</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>99051938.32</valUSD>
        <pctVal>0.5827083990</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>Newmont Corporation</name>
        <lei>549300VSP3RIX7FGDZ51</lei>
        <title>NEWMONT CORP COMMON STOCK USD1.6</title>
        <cusip>651639106</cusip>
        <identifiers>
          <isin value="US6516391066"/>
          <ticker value="NEM US"/>
        </identifiers>
        <balance>2132580</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>230851785</valUSD>
        <pctVal>1.3580680634</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>NVIDIA Corporation</name>
        <lei>549300S4KLFTLO7GSQ80</lei>
        <title>NVIDIA CORP COMMON STOCK USD.001</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <isin value="US67066G1040"/>
          <ticker value="NVDA US"/>
        </identifiers>
        <balance>691229</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>120550337.6</valUSD>
        <pctVal>0.7091804100</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>SLB Ltd</name>
        <lei>N/A</lei>
        <title>SLB LTD COMMON STOCK USD.01</title>
        <cusip>806857108</cusip>
        <identifiers>
          <isin value="AN8068571086"/>
          <ticker value="SLB US"/>
        </identifiers>
        <balance>2668407</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137129435.73</valUSD>
        <pctVal>0.8067128752</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>The Charles Schwab Corporation</name>
        <lei>N/A</lei>
        <title>CHARLES SCHWAB CORP COMMON STOCK USD.01</title>
        <cusip>808513105</cusip>
        <identifiers>
          <isin value="US8085131055"/>
          <ticker value="SCHW US"/>
        </identifiers>
        <balance>1844733</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>173368007.34</valUSD>
        <pctVal>1.0198992136</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>Steel Dynamics Inc.</name>
        <lei>549300HGGKEL4FYTTQ83</lei>
        <title>STEEL DYNAMICS INC COMMON STOCK USD.005</title>
        <cusip>858119100</cusip>
        <identifiers>
          <isin value="US8581191009"/>
          <ticker value="STLD US"/>
        </identifiers>
        <balance>689353</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>124083540</valUSD>
        <pctVal>0.7299657348</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>Sysco Corporation</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>SYSCO CORP COMMON STOCK USD1.0</title>
        <cusip>871829107</cusip>
        <identifiers>
          <isin value="US8718291078"/>
          <ticker value="SYY US"/>
        </identifiers>
        <balance>2331052</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>166273939.16</valUSD>
        <pctVal>0.9781658242</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>Cencora Inc.</name>
        <lei>AI8GXW8LG5WK7E9UD086</lei>
        <title>CENCORA INC COMMON STOCK USD.01</title>
        <cusip>03073E105</cusip>
        <identifiers>
          <isin value="US03073E1055"/>
          <ticker value="COR US"/>
        </identifiers>
        <balance>990495</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>311154099.3</valUSD>
        <pctVal>1.8304751035</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>Apollo Global Management Inc.</name>
        <lei>N/A</lei>
        <title>APOLLO GLOBAL MANAGEMENT INC COMMON STOCK USD.0001</title>
        <cusip>03769M106</cusip>
        <identifiers>
          <isin value="US03769M1062"/>
          <ticker value="APO US"/>
        </identifiers>
        <balance>1301875</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>145054912.5</valUSD>
        <pctVal>0.8533373225</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>Applied Materials Inc.</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>APPLIED MATERIALS INC COMMON STOCK USD.01</title>
        <cusip>038222105</cusip>
        <identifiers>
          <isin value="US0382221051"/>
          <ticker value="AMAT US"/>
        </identifiers>
        <balance>974878</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>333203551.62</valUSD>
        <pctVal>1.9601888808</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>Booking Holdings Inc.</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>BOOKING HOLDINGS INC COMMON STOCK USD.008</title>
        <cusip>09857L108</cusip>
        <identifiers>
          <isin value="US09857L1089"/>
          <ticker value="BKNG US"/>
        </identifiers>
        <balance>41754</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>175797701.28</valUSD>
        <pctVal>1.0341927559</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>C.H. Robinson Worldwide Inc.</name>
        <lei>N/A</lei>
        <title>CH ROBINSON WORLDWIDE INC COMMON STOCK USD.1</title>
        <cusip>12541W209</cusip>
        <identifiers>
          <isin value="US12541W2098"/>
          <ticker value="CHRW US"/>
        </identifiers>
        <balance>1023509</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>169974139.63</valUSD>
        <pctVal>0.9999335748</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>Canadian Natural Resources Limited</name>
        <lei>549300T15RIMIKZC5Q38</lei>
        <title>CANADIAN NATURAL RESOURCES LTD COMMON STOCK</title>
        <cusip>136385101</cusip>
        <identifiers>
          <isin value="CA1363851017"/>
          <ticker value="CNQ US"/>
        </identifiers>
        <balance>2191123</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>106773423.79</valUSD>
        <pctVal>0.6281327947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ConocoPhillips</name>
        <lei>WPTL2Z3FIYTHSP5V2253</lei>
        <title>CONOCOPHILLIPS COMMON STOCK USD.01</title>
        <cusip>20825C104</cusip>
        <identifiers>
          <isin value="US20825C1045"/>
          <ticker value="COP US"/>
        </identifiers>
        <balance>2099977</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>277196964</valUSD>
        <pctVal>1.6307101289</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>Corpay Inc.</name>
        <lei>549300DG6RR0NQSFLN74</lei>
        <title>CORPAY INC COMMON STOCK USD.001</title>
        <cusip>219948106</cusip>
        <identifiers>
          <isin value="US2199481068"/>
          <ticker value="CPAY US"/>
        </identifiers>
        <balance>489118</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>142328446.82</valUSD>
        <pctVal>0.8372979145</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>Jacobs Solutions Inc.</name>
        <lei>N/A</lei>
        <title>JACOBS SOLUTIONS INC COMMON STOCK</title>
        <cusip>46982L108</cusip>
        <identifiers>
          <isin value="US46982L1089"/>
          <ticker value="J US"/>
        </identifiers>
        <balance>931170</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>118519317.6</valUSD>
        <pctVal>0.6972322095</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>Keysight Technologies Inc.</name>
        <lei>549300GLKVIO8YRCYN02</lei>
        <title>KEYSIGHT TECHNOLOGIES INC COMMON STOCK USD.01</title>
        <cusip>49338L103</cusip>
        <identifiers>
          <isin value="US49338L1035"/>
          <ticker value="KEYS US"/>
        </identifiers>
        <balance>570489</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>161088978.93</valUSD>
        <pctVal>0.9476634441</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>Kinross Gold Corporation</name>
        <lei>N/A</lei>
        <title>KINROSS GOLD CORP COMMON STOCK</title>
        <cusip>496902404</cusip>
        <identifiers>
          <isin value="CA4969024047"/>
          <ticker value="KGC US"/>
        </identifiers>
        <balance>12384898</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>377987086.96</valUSD>
        <pctVal>2.2236440198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Microchip Technology Incorporated</name>
        <lei>5493007PTFULNYZJ1R12</lei>
        <title>MICROCHIP TECHNOLOGY INC COMMON STOCK USD.001</title>
        <cusip>595017104</cusip>
        <identifiers>
          <isin value="US5950171042"/>
          <ticker value="MCHP US"/>
        </identifiers>
        <balance>3444366</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>222540487.26</valUSD>
        <pctVal>1.3091738864</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>Micron Technology Inc.</name>
        <lei>B3DXGBC8GAIYWI2Z0172</lei>
        <title>MICRON TECHNOLOGY INC COMMON STOCK USD.1</title>
        <cusip>595112103</cusip>
        <identifiers>
          <isin value="US5951121038"/>
          <ticker value="MU US"/>
        </identifiers>
        <balance>1021804</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>345206263.36</valUSD>
        <pctVal>2.0307991188</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>Old Dominion Freight Line Inc.</name>
        <lei>N/A</lei>
        <title>OLD DOMINION FREIGHT LINE INC COMMON STOCK USD.1</title>
        <cusip>679580100</cusip>
        <identifiers>
          <isin value="US6795801009"/>
          <ticker value="ODFL US"/>
        </identifiers>
        <balance>830176</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>162216390.4</valUSD>
        <pctVal>0.9542958447</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>Reliance Inc.</name>
        <lei>549300E287ZOFT3C5Z56</lei>
        <title>RELIANCE INC COMMON STOCK USD.001</title>
        <cusip>759509102</cusip>
        <identifiers>
          <isin value="US7595091023"/>
          <ticker value="RS US"/>
        </identifiers>
        <balance>414269</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>125904634.48</valUSD>
        <pctVal>0.7406789734</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>State Street Bank and Trust Company</name>
        <lei>571474TGEMMWANRLN572</lei>
        <title>SCC GOVERMENT MM GVXX 20301231 00001.0000000000</title>
        <cusip>7839989D1</cusip>
        <identifiers>
          <ticker value="7839989D1010"/>
        </identifiers>
        <balance>519832561.16</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>519832561.16</valUSD>
        <pctVal>3.0581006754</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>T-Mobile US Inc.</name>
        <lei>549300QHIJYOHPACPG31</lei>
        <title>T-MOBILE US INC COMMON STOCK USD.0001</title>
        <cusip>872590104</cusip>
        <identifiers>
          <isin value="US8725901040"/>
          <ticker value="TMUS US"/>
        </identifiers>
        <balance>708589</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>148824947.67</valUSD>
        <pctVal>0.8755159007</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>Tenet Healthcare Corporation</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>TENET HEALTHCARE CORP COMMON STOCK USD.05</title>
        <cusip>88033G407</cusip>
        <identifiers>
          <isin value="US88033G4073"/>
          <ticker value="THC US"/>
        </identifiers>
        <balance>564543</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>106534909.53</valUSD>
        <pctVal>0.6267296494</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>Trimble Inc.</name>
        <lei>549300E2MI7NSZFQWS19</lei>
        <title>TRIMBLE INC COMMON STOCK USD.001</title>
        <cusip>896239100</cusip>
        <identifiers>
          <isin value="US8962391004"/>
          <ticker value="TRMB US"/>
        </identifiers>
        <balance>1094520</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71395539.6</valUSD>
        <pctVal>0.4200097573</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>Uber Technologies Inc.</name>
        <lei>N/A</lei>
        <title>UBER TECHNOLOGIES INC COMMON STOCK USD.00001</title>
        <cusip>90353T100</cusip>
        <identifiers>
          <isin value="US90353T1007"/>
          <ticker value="UBER US"/>
        </identifiers>
        <balance>3706763</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>266627462.59</valUSD>
        <pctVal>1.5685312624</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>United Airlines Holdings Inc.</name>
        <lei>N/A</lei>
        <title>UNITED AIRLINES HOLDINGS INC COMMON STOCK USD.01</title>
        <cusip>910047109</cusip>
        <identifiers>
          <isin value="US9100471096"/>
          <ticker value="UAL US"/>
        </identifiers>
        <balance>1406458</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>129492588.06</valUSD>
        <pctVal>0.7617863916</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>AbbVie Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC COMMON STOCK USD.01</title>
        <cusip>00287Y109</cusip>
        <identifiers>
          <isin value="US00287Y1091"/>
          <ticker value="ABBV US"/>
        </identifiers>
        <balance>852701</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>185453940.49</valUSD>
        <pctVal>1.0909990313</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>The Allstate Corporation</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>ALLSTATE CORP/THE COMMON STOCK USD.01</title>
        <cusip>020002101</cusip>
        <identifiers>
          <isin value="US0200021014"/>
          <ticker value="ALL US"/>
        </identifiers>
        <balance>645643</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>133867619.62</valUSD>
        <pctVal>0.7875240771</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>Amazon.com Inc.</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC COMMON STOCK USD.01</title>
        <cusip>023135106</cusip>
        <identifiers>
          <isin value="US0231351067"/>
          <ticker value="AMZN US"/>
        </identifiers>
        <balance>2192504</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>456632808.08</valUSD>
        <pctVal>2.6863055590</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>American Express Company</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AMERICAN EXPRESS CO COMMON STOCK USD.2</title>
        <cusip>025816109</cusip>
        <identifiers>
          <isin value="US0258161092"/>
          <ticker value="AXP US"/>
        </identifiers>
        <balance>821075</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>248358766</valUSD>
        <pctVal>1.4610591309</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>Oracle Corporation</name>
        <lei>1Z4GXXU7ZHVWFCD8TV52</lei>
        <title>ORACLE CORP COMMON STOCK USD.01</title>
        <cusip>68389X105</cusip>
        <identifiers>
          <isin value="US68389X1054"/>
          <ticker value="ORCL US"/>
        </identifiers>
        <balance>680253</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>100072018.83</valUSD>
        <pctVal>0.5887093869</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>Visa Inc.</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
        <title>VISA INC COMMON STOCK USD.0001</title>
        <cusip>92826C839</cusip>
        <identifiers>
          <isin value="US92826C8394"/>
          <ticker value="V US"/>
        </identifiers>
        <balance>574201</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>173546510.24</valUSD>
        <pctVal>1.0209493207</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>Westinghouse Air Brake Technologies Corporation</name>
        <lei>06BTX5UWZD0GQ5N5Y745</lei>
        <title>WESTINGHOUSE AIR BRAKE TECHNOL COMMON STOCK USD.01</title>
        <cusip>929740108</cusip>
        <identifiers>
          <isin value="US9297401088"/>
          <ticker value="WAB US"/>
        </identifiers>
        <balance>636992</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>159190670.72</valUSD>
        <pctVal>0.9364959682</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>Wells Fargo and Company</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO and CO COMMON STOCK USD1.666</title>
        <cusip>949746101</cusip>
        <identifiers>
          <isin value="US9497461015"/>
          <ticker value="WFC US"/>
        </identifiers>
        <balance>3200608</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>254800402.88</valUSD>
        <pctVal>1.4989543602</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>Allegion plc</name>
        <lei>N/A</lei>
        <title>ALLEGION PLC COMMON STOCK USD.01</title>
        <cusip>G0176J109</cusip>
        <identifiers>
          <isin value="IE00BFRT3W74"/>
          <ticker value="ALLE US"/>
        </identifiers>
        <balance>532715</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>77398162.35</valUSD>
        <pctVal>0.4553223292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deduction of sales loads and redemption fees, if applicable." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-04-29</ncom:dateSigned>
      <ncom:nameOfApplicant>John Hancock Funds III</ncom:nameOfApplicant>
      <ncom:signature>/s/Salvatore Schiavone</ncom:signature>
      <ncom:signerName>Salvatore Schiavone</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
