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      <invstOrSec>
        <name>AVNET INC</name>
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      <invstOrSec>
        <name>ILLUMINA INC</name>
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        <name>ANALOG DEVICES INC</name>
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        <name>WILLIAMS SONOMA INC</name>
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        <name>APPLE INC</name>
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        <name>HALOZYME THERAPEUTICS INC</name>
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        <name>EVERCORE INC</name>
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        <name>SOUTHERN COPPER CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>SIMON PROPERTY GROUP INC</name>
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        <name>ANGLOGOLD ASHANTI PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>DELTA AIR LINES INC</name>
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        <name>NNN REIT INC</name>
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        <name>VIRTU FINANCIAL INC</name>
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        <name>CUMMINS INC</name>
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        <name>MORGAN STANLEY</name>
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        <name>TTM TECHNOLOGIES INC</name>
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        <name>PHILIP MORRIS INTERNATIONAL INC</name>
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          <ticker value="PM"/>
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        <name>LINCOLN ELECTRIC HOLDINGS INC</name>
        <lei>BIMGBY40SIN95O01BN93</lei>
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          <ticker value="LECO"/>
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        <name>NEW YORK TIMES COMPANY (THE)</name>
        <lei>529900J1WEMMIW7BOH57</lei>
        <title>NEW YORK TIMES COMPANY (THE) CL A</title>
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      <invstOrSec>
        <name>SKYWORKS SOLUTIONS INC</name>
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      <invstOrSec>
        <name>KILROY REALTY CORP</name>
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        <name>VALERO ENERGY CORP</name>
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      <invstOrSec>
        <name>UNITED THERAPEUTICS CORP</name>
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          <isin value="US91307C1027"/>
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        <name>MOODY'S CORP</name>
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      <invstOrSec>
        <name>SONOCO PRODUCTS COMPANY</name>
        <lei>GKOMIK4RDJGHEF0VNP11</lei>
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          <isin value="US8354951027"/>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SYNCHRONY FINANCIAL</name>
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          <isin value="US87165B1035"/>
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          <isCashCollateral>N</isCashCollateral>
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        <name>JAZZ PHARMACEUTICALS PLC</name>
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          <isin value="IE00B4Q5ZN47"/>
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        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PRINCIPAL FINANCIAL GROUP INC</name>
        <lei>CUMYEZJOAF02RYZ1JJ85</lei>
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          <isin value="US74251V1026"/>
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        <name>MILLICOM INTERNATIONAL CELLULAR SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>RINGCENTRAL INC</name>
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        <name>CH ROBINSON WORLDWIDE INC</name>
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        <name>STATE STREET CORP</name>
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        <name>TESLA INC</name>
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        <name>LAM RESEARCH CORP</name>
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        <name>IES HOLDINGS INC</name>
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        <name>GOLDMAN SACHS GROUP INC (THE)</name>
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        <name>AMERICAN ELECTRIC POWER COMPANY INC</name>
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        <name>GAP INC (THE)</name>
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        <name>INSTITUTIONAL FIDUCIARY TRUST</name>
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        <title>INSTITUTIONAL FIDUCIARY TRUST US GOVT MNY MRKT</title>
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        <name>AMDOCS LTD</name>
        <lei>549300HQV672RJ7RQV66</lei>
        <title>AMDOCS LTD SHS</title>
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          <ticker value="DOX"/>
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        <invCountry>GG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>IDEXX LABORATORIES INC</name>
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      <invstOrSec>
        <name>PFIZER INC</name>
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        <name>MEDPACE HOLDINGS INC</name>
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      <invstOrSec>
        <name>QUANTA SERVICES INC</name>
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        <name>COGNEX CORP</name>
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        <name>ADVANCED MICRO DEVICES INC</name>
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        <name>MURPHY USA INC</name>
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        <name>QUALCOMM INC</name>
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        <name>BRISTOL-MYERS SQUIBB COMPANY</name>
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        <name>ORGANON &amp; COMPANY</name>
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        <name>OMEGA HEALTHCARE INVESTORS INC</name>
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        <name>TIMKEN COMPANY (THE)</name>
        <lei>B0I35MLPFXZSE70ASS73</lei>
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        <name>KLA CORP</name>
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        <name>SOUTHWEST AIRLINES COMPANY</name>
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        <name>PEGASYSTEMS INC</name>
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        <name>WESTERN UNION COMPANY (THE)</name>
        <lei>28ID94QU1140NC23S047</lei>
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        <name>DAVITA INC</name>
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        <name>JOHNSON &amp; JOHNSON</name>
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        <name>CF INDUSTRIES HOLDINGS INC</name>
        <lei>529900CG8YAQFZ2JMV97</lei>
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        <name>COMFORT SYSTEMS USA INC</name>
        <lei>5299009DT1ZA5HTU6R38</lei>
        <title>COMFORT SYSTEMS USA INC COM</title>
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        <name>VERTIV HOLDINGS COMPANY</name>
        <lei>549300KTTIRAOGXCRV69</lei>
        <title>VERTIV HOLDINGS COMPANY COM CL A</title>
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          <ticker value="VRT"/>
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        <name>SEI INVESTMENTS COMPANY</name>
        <lei>5LJTIFADGZ6XH1RVOC11</lei>
        <title>SEI INVESTMENTS COMPANY COM</title>
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          <ticker value="SEIC"/>
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        <name>ARCHER DANIELS MIDLAND COMPANY</name>
        <lei>549300LO13MQ9HYSTR83</lei>
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        <name>VIAVI SOLUTIONS INC</name>
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      <invstOrSec>
        <name>ENTERGY CORP</name>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
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        <name>BUNGE GLOBAL SA</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>MEDICAL PROPERTIES TRUST INC</name>
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        <name>NUCOR CORP</name>
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        <name>NETAPP INC</name>
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        <name>VICOR CORP</name>
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        <name>PULTEGROUP INC</name>
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        <name>TRAVEL PLUS LEISURE COMPANY</name>
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        <name>LOCKHEED MARTIN CORP</name>
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        <name>MSC INDUSTRIAL DIRECT CO INC</name>
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        <name>COHERENT CORP</name>
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        <name>MICRON TECHNOLOGY INC</name>
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        <name>EDISON INTERNATIONAL</name>
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        <name>MKS INC</name>
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        <name>FEDERAL REALTY INVESTMENT TRUST</name>
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        <name>EVERGY INC</name>
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        <name>W.W. GRAINGER INC</name>
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          <ticker value="GWW"/>
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        <name>GENERAL MOTORS COMPANY</name>
        <lei>54930070NSV60J38I987</lei>
        <title>GENERAL MOTORS COMPANY COM</title>
        <cusip>37045V100</cusip>
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          <ticker value="GM"/>
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        <name>TD SYNNEX CORP</name>
        <lei>5493004HI6PFLF46NS53</lei>
        <title>TD SYNNEX CORP COM</title>
        <cusip>87162W100</cusip>
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        <name>J.B. HUNT TRANSPORT SERVICES INC</name>
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        <name>ROYAL CARIBBEAN CRUISES LTD</name>
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        <name>EXXONMOBIL HOLDINGS CORP</name>
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        <name>NEWMONT CORP</name>
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        <name>DEVON ENERGY CORP</name>
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        <name>ROYALTY PHARMA PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>LANDSTAR SYSTEM INC</name>
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        <name>BEST BUY CO INC</name>
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        <name>FIRST INDUSTRIAL REALTY TRUST INC</name>
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        <name>ILLINOIS TOOL WORKS INC</name>
        <lei>76NA4I14SZCFAYMNSV04</lei>
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      <invstOrSec>
        <name>EASTGROUP PROPERTIES INC</name>
        <lei>31TIGQQZC4P6JMHKSW85</lei>
        <title>EASTGROUP PROPERTIES INC COM</title>
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          <isin value="US2772761019"/>
          <ticker value="EGP"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>MERCK &amp; COMPANY INC</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
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          <isin value="US58933Y1055"/>
          <ticker value="MRK"/>
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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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      <invstOrSec>
        <name>UNITED PARCEL SERVICE INC</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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          <isin value="US9113121068"/>
          <ticker value="UPS"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELI LILLY &amp; COMPANY</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
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        <cusip>532457108</cusip>
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          <isin value="US5324571083"/>
          <ticker value="LLY"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>YETI HOLDINGS INC</name>
        <lei>549300DSQICIGNT5GO63</lei>
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          <isin value="US98585X1046"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VICI PROPERTIES INC</name>
        <lei>254900RKH6RY9KCJQH63</lei>
        <title>VICI PROPERTIES INC COM</title>
        <cusip>925652109</cusip>
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          <isin value="US9256521090"/>
          <ticker value="VICI"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARROW ELECTRONICS INC</name>
        <lei>549300YNNLBXT8N8R512</lei>
        <title>ARROW ELECTRONICS INC COM</title>
        <cusip>042735100</cusip>
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          <isin value="US0427351004"/>
          <ticker value="ARW"/>
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        <balance>9486.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OLD DOMINION FREIGHT LINE INC</name>
        <lei>5299009TWK32WE417T96</lei>
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        <cusip>679580100</cusip>
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          <isin value="US6795801009"/>
          <ticker value="ODFL"/>
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        <balance>11594.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NORTHERN TRUST CORP</name>
        <lei>549300GLF98S992BC502</lei>
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        <cusip>665859104</cusip>
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          <isin value="US6658591044"/>
          <ticker value="NTRS"/>
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        <balance>22661.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VERSANT MEDIA GROUP INC</name>
        <lei>254900D2Q5F5F229PU30</lei>
        <title>VERSANT MEDIA GROUP INC COM CL A</title>
        <cusip>925283103</cusip>
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          <isin value="US9252831030"/>
          <ticker value="VSNT"/>
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        <balance>47430.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CATERPILLAR INC</name>
        <lei>WRJR7GS4GTRECRRTVX92</lei>
        <title>CATERPILLAR INC COM</title>
        <cusip>149123101</cusip>
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          <isin value="US1491231015"/>
          <ticker value="CAT"/>
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        <balance>34255.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HF SINCLAIR CORP</name>
        <lei>2549009G116AM01XHN24</lei>
        <title>HF SINCLAIR CORP COM</title>
        <cusip>403949100</cusip>
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          <isin value="US4039491000"/>
          <ticker value="DINO"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>APPLIED MATERIALS INC</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>APPLIED MATERIALS INC COM</title>
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          <isin value="US0382221051"/>
          <ticker value="AMAT"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>MACY'S INC</name>
        <lei>529900NZQ81TIOW3CW52</lei>
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        <cusip>55616P104</cusip>
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          <isin value="US55616P1049"/>
          <ticker value="M"/>
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        <balance>94333.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONOLITHIC POWER SYSTEMS INC</name>
        <lei>529900TB7O85LSZ1XU31</lei>
        <title>MONOLITHIC POWER SYSTEMS INC COM</title>
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          <ticker value="MPWR"/>
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        <assetCat>EC</assetCat>
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        <name>DELL TECHNOLOGIES INC</name>
        <lei>549300TJB5YBRUPOG437</lei>
        <title>DELL TECHNOLOGIES INC CL C</title>
        <cusip>24703L202</cusip>
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          <ticker value="DELL"/>
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        <assetCat>EC</assetCat>
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        <name>EBAY INC</name>
        <lei>OML71K8X303XQONU6T67</lei>
        <title>EBAY INC COM</title>
        <cusip>278642103</cusip>
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        <name>NATIONAL FUEL GAS COMPANY</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>NATIONAL FUEL GAS COMPANY COM</title>
        <cusip>636180101</cusip>
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          <isin value="US6361801011"/>
          <ticker value="NFG"/>
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        <balance>26350.00000000</balance>
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        <assetCat>EC</assetCat>
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        <name>SIRIUS XM HOLDINGS INC</name>
        <lei>N/A</lei>
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          <isin value="US8299331004"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>QUEST DIAGNOSTICS INC</name>
        <lei>8MCWUBXQ0WE04KMXBX50</lei>
        <title>QUEST DIAGNOSTICS INC COM</title>
        <cusip>74834L100</cusip>
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          <isin value="US74834L1008"/>
          <ticker value="DGX"/>
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        <balance>13175.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2792441.25000000</valUSD>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>LATTICE SEMICONDUCTOR CORP</name>
        <lei>549300LRBBPZDQ2II567</lei>
        <title>LATTICE SEMICONDUCTOR CORP COM</title>
        <cusip>518415104</cusip>
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          <isin value="US5184151042"/>
          <ticker value="LSCC"/>
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        <balance>13702.00000000</balance>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>POWELL INDUSTRIES INC</name>
        <lei>549300V08RO7MX2UBN26</lei>
        <title>POWELL INDUSTRIES INC COM</title>
        <cusip>739128106</cusip>
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          <isin value="US7391281067"/>
          <ticker value="POWL"/>
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        <balance>7378.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2112764.08000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARRIOTT INTERNATIONAL INC</name>
        <lei>225YDZ14ZO8E1TXUSU86</lei>
        <title>MARRIOTT INTERNATIONAL INC CL A</title>
        <cusip>571903202</cusip>
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          <isin value="US5719032022"/>
          <ticker value="MAR"/>
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        <balance>18972.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7030833.48000000</valUSD>
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        <name>DECKERS OUTDOOR CORP</name>
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      <invstOrSec>
        <name>SEABOARD CORP</name>
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      <invstOrSec>
        <name>BERKSHIRE HATHAWAY INC</name>
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        <name>CISCO SYSTEMS INC</name>
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        <name>ABBVIE INC</name>
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        <name>CHICAGO MERCANTILE EXCHANGE</name>
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        <name>TECHNIPFMC PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>
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        <name>BOYD GAMING CORP</name>
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        <name>WHITE MOUNTAINS INSURANCE GROUP LTD</name>
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        <name>CIRRUS LOGIC INC</name>
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        <name>AMGEN INC</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>AMGEN INC COM</title>
        <cusip>031162100</cusip>
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        <name>AMAZON.COM INC</name>
        <lei>ZXTILKJKG63JELOEG630</lei>
        <title>AMAZON.COM INC COM</title>
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      <invstOrSec>
        <name>NEXTERA ENERGY INC</name>
        <lei>254900RHL9MEUS5NKX63</lei>
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          <isin value="US65339F1012"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>EXPEDITORS INTERNATIONAL OF WASHINGTON INC</name>
        <lei>984500B055A804AB6E40</lei>
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          <isin value="US3021301094"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>ROSS STORES INC</name>
        <lei>549300ENZFLPGRDFZQ60</lei>
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          <isin value="US7782961038"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>APA CORP</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALCOA CORP</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLISON TRANSMISSION HOLDINGS INC</name>
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          <isin value="US01973R1014"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BIOGEN INC</name>
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          <isin value="US09062X1037"/>
          <ticker value="BIIB"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LITTELFUSE INC</name>
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          <isin value="US5370081045"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REALTY INCOME CORP</name>
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          <isin value="US7561091049"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ELECTRONIC ARTS INC</name>
        <lei>549300O7A67PUEYKDL45</lei>
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          <ticker value="EA"/>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>META PLATFORMS INC</name>
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      <invstOrSec>
        <name>KEYSIGHT TECHNOLOGIES INC</name>
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        <name>EPR PROPERTIES</name>
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        <assetCat>EC</assetCat>
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        <name>DIGITALOCEAN HOLDINGS INC</name>
        <lei>549300EPISPY3RE3DL21</lei>
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        <name>BANK OF NEW YORK MELLON CORP (THE)</name>
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        <name>TERADYNE INC</name>
        <lei>C3X4YJ278QNZHRJULN75</lei>
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        <name>STERLING INFRASTRUCTURE INC</name>
        <lei>549300RZIK6K1215XU51</lei>
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        <name>FLEX LTD</name>
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        <invCountry>SG</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
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        <name>MUELLER INDUSTRIES INC</name>
        <lei>5493005IZFE4VJLLYG84</lei>
        <title>MUELLER INDUSTRIES INC COM</title>
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          <ticker value="MLI"/>
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        <name>MONSTER BEVERAGE CORP</name>
        <lei>52990090AP0E7HCB6F33</lei>
        <title>MONSTER BEVERAGE CORP COM</title>
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        <name>UBIQUITI INC</name>
        <lei>5299007MITA4DMQCU747</lei>
        <title>UBIQUITI INC COM</title>
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          <ticker value="UI"/>
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        <name>T. ROWE PRICE GROUP INC</name>
        <lei>549300SIV6FPS9Y7IH33</lei>
        <title>T. ROWE PRICE GROUP INC COM</title>
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          <ticker value="TROW"/>
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          <isCashCollateral>N</isCashCollateral>
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        <name>FEDEX CORP</name>
        <lei>549300E707U7WNPZN687</lei>
        <title>FEDEX CORP COM</title>
        <cusip>31428X106</cusip>
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          <ticker value="FDX"/>
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        <balance>21080.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6600780.40000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEBSTER FINANCIAL CORP</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>WEBSTER FINANCIAL CORP COM</title>
        <cusip>947890109</cusip>
        <identifiers>
          <isin value="US9478901096"/>
          <ticker value="WBS"/>
        </identifiers>
        <balance>28458.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2174760.36000000</valUSD>
        <pctVal>0.105267930480</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>AMKOR TECHNOLOGY INC</name>
        <lei>529900VHLRTKPWZJBM84</lei>
        <title>AMKOR TECHNOLOGY INC COM</title>
        <cusip>031652100</cusip>
        <identifiers>
          <isin value="US0316521006"/>
          <ticker value="AMKR"/>
        </identifiers>
        <balance>30566.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2635706.18000000</valUSD>
        <pctVal>0.127579727875</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>INVESCO LTD</name>
        <lei>ECPGFXU8A2SHKVVGJI15</lei>
        <title>INVESCO LTD SHS</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG491BT1088"/>
          <ticker value="IVZ"/>
        </identifiers>
        <balance>72199.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1905331.61000000</valUSD>
        <pctVal>0.092226398435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>POPULAR INC</name>
        <lei>5493008CARDZMVQ3LO89</lei>
        <title>POPULAR INC COM NEW</title>
        <cusip>733174700</cusip>
        <identifiers>
          <isin value="PR7331747001"/>
          <ticker value="BPOP"/>
        </identifiers>
        <balance>13702.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2249594.36000000</valUSD>
        <pctVal>0.108890223977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LINCOLN NATIONAL CORP</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>LINCOLN NATIONAL CORP COM</title>
        <cusip>534187109</cusip>
        <identifiers>
          <isin value="US5341871094"/>
          <ticker value="LNC"/>
        </identifiers>
        <balance>57970.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2049239.50000000</valUSD>
        <pctVal>0.099192170867</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      
      
      
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-25</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Templeton ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer Controller, US Fund Administration and Oversight</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
