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        <name>RIYAD BANK JSC</name>
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        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAUDI BASIC INDUSTRIES CORP JSC</name>
        <lei>213800ZCTFZZZJSK8645</lei>
        <title>SAUDI BASIC INDUSTRIES CORP JSC SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879121"/>
          <ticker value="SABIC"/>
          <other otherDesc="SEDOL" value="B1324D0"/>
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        <balance>14895.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>BANQUE SAUDI FRANSI</name>
        <lei>558600N07EDF4ATYR106</lei>
        <title>BANQUE SAUDI FRANSI SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879782"/>
          <ticker value="BSF"/>
          <other otherDesc="SEDOL" value="B12LZT1"/>
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        <balance>17379.00000000</balance>
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        <valUSD>89735.07000000</valUSD>
        <pctVal>1.872210374032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK AL JAZIRA JSC</name>
        <lei>558600FGNP3JML7WY215</lei>
        <title>BANK AL JAZIRA JSC SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879055"/>
          <ticker value="BJAZ"/>
          <other otherDesc="SEDOL" value="B12LZQ8"/>
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        <balance>8961.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>27690.09000000</valUSD>
        <pctVal>0.577719210069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAUDI ENERGY COMPANY</name>
        <lei>549300FXO4ZXUIAXGP41</lei>
        <title>SAUDI ENERGY COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879550"/>
          <ticker value="SECO"/>
          <other otherDesc="SEDOL" value="B132NM2"/>
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        <balance>11208.00000000</balance>
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        <valUSD>53098.69000000</valUSD>
        <pctVal>1.107837975337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MOBILE TELECOMMUNICATIONS COMPANY SAUDI ARABIA SJSC</name>
        <lei>254900XHCET9KD2D4R78</lei>
        <title>MOBILE TELECOMMUNICATIONS COMPANY SAUDI ARABIA SJSC SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA121053DR18"/>
          <ticker value="ZAINKSA"/>
          <other otherDesc="SEDOL" value="B2QG180"/>
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        <balance>6318.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>17774.21000000</valUSD>
        <pctVal>0.370836734759</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JARIR MARKETING JSC</name>
        <lei>N/A</lei>
        <title>JARIR MARKETING JSC SAR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0BLA62"/>
          <ticker value="JARIR"/>
          <other otherDesc="SEDOL" value="B128FM5"/>
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        <balance>8430.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>37604.28000000</valUSD>
        <pctVal>0.784566425635</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAVOLA GROUP JSC (THE)</name>
        <lei>N/A</lei>
        <title>SAVOLA GROUP JSC (THE) SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879162"/>
          <ticker value="SAVOLA"/>
          <other otherDesc="SEDOL" value="B133RS9"/>
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        <balance>2106.00000000</balance>
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        <valUSD>16019.77000000</valUSD>
        <pctVal>0.334232531201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SABIC AGRI-NUTRIENTS COMPANY</name>
        <lei>N/A</lei>
        <title>SABIC AGRI-NUTRIENTS COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879139"/>
          <ticker value="SAFCO"/>
          <other otherDesc="SEDOL" value="B1323K0"/>
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        <balance>3345.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>110217.98000000</valUSD>
        <pctVal>2.299560757694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY SJSC</name>
        <lei>558600B2WJHD5P31XS68</lei>
        <title>BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY SJSC SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA1210540914"/>
          <ticker value="BUPA"/>
          <other otherDesc="SEDOL" value="B2RLCR0"/>
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        <balance>1110.00000000</balance>
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        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>51671.19000000</valUSD>
        <pctVal>1.078054967323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAUDI NATIONAL BANK (THE)</name>
        <lei>5586006ZEFQ542K7CY16</lei>
        <title>SAUDI NATIONAL BANK (THE) SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA13L050IE10"/>
          <ticker value="SNB"/>
          <other otherDesc="SEDOL" value="BSHYYN1"/>
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        <balance>39951.00000000</balance>
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        <valUSD>411078.90000000</valUSD>
        <pctVal>8.576648807717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAUDI TELECOM JSC</name>
        <lei>21380028ATJ79OTA9W17</lei>
        <title>SAUDI TELECOM JSC SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879543"/>
          <ticker value="STC"/>
          <other otherDesc="SEDOL" value="B12M7Q5"/>
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        <balance>26277.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAUDI ARABIAN MINING COMPANY</name>
        <lei>254900R4HAVLB4GY9713</lei>
        <title>SAUDI ARABIAN MINING COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA123GA0ITH7"/>
          <ticker value="MAADEN"/>
          <other otherDesc="SEDOL" value="B3C8VY3"/>
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        <balance>19506.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARABIAN DRILLING COMPANY</name>
        <lei>N/A</lei>
        <title>ARABIAN DRILLING COMPANY SAR10</title>
        <cusip>000000000</cusip>
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          <isin value="SA15L1I156H7"/>
          <ticker value="ARABIAN"/>
          <other otherDesc="SEDOL" value="BPNZYP9"/>
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        <balance>381.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALMARAI COMPANY</name>
        <lei>549300B4EDUXYD2G6098</lei>
        <title>ALMARAI COMPANY SAR10</title>
        <cusip>000000000</cusip>
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          <isin value="SA000A0ETHT1"/>
          <ticker value="ALMARAI"/>
          <other otherDesc="SEDOL" value="B137VV2"/>
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        <balance>7026.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ELECTRICAL INDUSTRIES COMPANY</name>
        <lei>N/A</lei>
        <title>ELECTRICAL INDUSTRIES COMPANY SAR0.5</title>
        <cusip>000000000</cusip>
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          <isin value="SA13LG50KBH9"/>
          <ticker value="EIC"/>
          <other otherDesc="SEDOL" value="BSMSY94"/>
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        <balance>7902.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAUDI GROUND SERVICES COMPANY</name>
        <lei>N/A</lei>
        <title>SAUDI GROUND SERVICES COMPANY SAR10</title>
        <cusip>000000000</cusip>
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          <isin value="SA13R051UVH9"/>
          <ticker value="SGS"/>
          <other otherDesc="SEDOL" value="BYYTJ69"/>
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        <balance>1278.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
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      <invstOrSec>
        <name>SAUDI ARAMCO BASE OIL COMPANY / LUBEREF</name>
        <lei>N/A</lei>
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        <cusip>000000000</cusip>
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          <isin value="SA15M1HH2NH5"/>
          <ticker value="LUBEREF"/>
          <other otherDesc="SEDOL" value="BMDKMB5"/>
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        <balance>717.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED ELECTRONICS COMPANY</name>
        <lei>N/A</lei>
        <title>UNITED ELECTRONICS COMPANY SAR55</title>
        <cusip>000000000</cusip>
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          <isin value="SA12U0RHUHH8"/>
          <ticker value="EXTRA"/>
          <other otherDesc="SEDOL" value="B4P2SD7"/>
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        <balance>522.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAUDIA DAIRY &amp; FOODSTUFF COMPANY</name>
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        <title>SAUDIA DAIRY &amp; FOODSTUFF COMPANY SAR10</title>
        <cusip>000000000</cusip>
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          <isin value="SA000A0EAXM3"/>
          <ticker value="SADAFCO"/>
          <other otherDesc="SEDOL" value="B133P41"/>
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        <balance>216.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SAHARA INTERNATIONAL PETROCHEMICAL COMPANY</name>
        <lei>N/A</lei>
        <title>SAHARA INTERNATIONAL PETROCHEMICAL COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0KFKK0"/>
          <ticker value="SIPCHEM"/>
          <other otherDesc="SEDOL" value="B1C1NH5"/>
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        <balance>5151.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ELM COMPANY</name>
        <lei>N/A</lei>
        <title>ELM COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA15GG53GHH3"/>
          <ticker value="ELM"/>
          <other otherDesc="SEDOL" value="BNYDSH8"/>
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        <balance>348.00000000</balance>
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        <valUSD>63631.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ETIHAD ETISALAT COMPANY</name>
        <lei>2549007BA9ABDE3HVK79</lei>
        <title>ETIHAD ETISALAT COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0DM9P2"/>
          <ticker value="EEC"/>
          <other otherDesc="SEDOL" value="B12LR51"/>
        </identifiers>
        <balance>5391.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>86736.39000000</valUSD>
        <pctVal>1.809646653913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NATIONAL INDUSTRIALISATION COMPANY</name>
        <lei>N/A</lei>
        <title>NATIONAL INDUSTRIALISATION COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879170"/>
          <ticker value="NIC"/>
          <other otherDesc="SEDOL" value="B136MP0"/>
        </identifiers>
        <balance>4698.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>11303.61000000</valUSD>
        <pctVal>0.235835731849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JABAL OMAR DEVELOPMENT COMPANY</name>
        <lei>558600N159FYHBGJD214</lei>
        <title>JABAL OMAR DEVELOPMENT COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0MR864"/>
          <ticker value="JOMAR"/>
          <other otherDesc="SEDOL" value="B1XGF28"/>
        </identifiers>
        <balance>8289.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>33357.20000000</valUSD>
        <pctVal>0.695956395740</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ADES HOLDING COMPANY</name>
        <lei>98450075A96DF4FE9813</lei>
        <title>ADES HOLDING COMPANY SAR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA55SG6H5716"/>
          <ticker value="ADES"/>
          <other otherDesc="SEDOL" value="BR56KM3"/>
        </identifiers>
        <balance>4890.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>24233.95000000</valUSD>
        <pctVal>0.505611157307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FLYNAS COMPANY</name>
        <lei>558600G2ULMABTVNXP27</lei>
        <title>FLYNAS COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA16AH822K19"/>
          <ticker value="FLYNAS"/>
          <other otherDesc="SEDOL" value="BKVFL88"/>
        </identifiers>
        <balance>1053.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>15610.59000000</valUSD>
        <pctVal>0.325695500574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DALLAH HEALTHCARE COMPANY</name>
        <lei>N/A</lei>
        <title>DALLAH HEALTHCARE COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA135G51UI10"/>
          <ticker value="DALLAH"/>
          <other otherDesc="SEDOL" value="B95TKH1"/>
        </identifiers>
        <balance>696.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>20339.83000000</valUSD>
        <pctVal>0.424365197821</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALBILAD BANK JSC</name>
        <lei>558600YCBMF3KW9QH647</lei>
        <title>ALBILAD BANK JSC SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0D9HK3"/>
          <ticker value="ALBI"/>
          <other otherDesc="SEDOL" value="B12LZP7"/>
        </identifiers>
        <balance>10536.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>68394.83000000</valUSD>
        <pctVal>1.426972868647</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>YANBU NATIONAL PETROCHEMICAL COMPANY</name>
        <lei>N/A</lei>
        <title>YANBU NATIONAL PETROCHEMICAL COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0HNF36"/>
          <ticker value="YANSAB"/>
          <other otherDesc="SEDOL" value="B128CF7"/>
        </identifiers>
        <balance>3951.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>30937.51000000</valUSD>
        <pctVal>0.645472580215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAUDI AWWAL BANK</name>
        <lei>558600TQS0WENZUC5190</lei>
        <title>SAUDI AWWAL BANK SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879089"/>
          <ticker value="SABB"/>
          <other otherDesc="SEDOL" value="B12LSY7"/>
        </identifiers>
        <balance>14190.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>122215.59000000</valUSD>
        <pctVal>2.549875934420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ARABIAN CONTRACTING SERVICES COMPANY</name>
        <lei>N/A</lei>
        <title>ARABIAN CONTRACTING SERVICES COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA15D1I1VJH7"/>
          <ticker value="ALARABI"/>
          <other otherDesc="SEDOL" value="BP4DC81"/>
        </identifiers>
        <balance>279.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>6698.02000000</valUSD>
        <pctVal>0.139745837714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RABIGH REFINING AND PETROCHEMICAL COMPANY</name>
        <lei>N/A</lei>
        <title>RABIGH REFINING AND PETROCHEMICAL COMPANY SAR6.85</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA120GAH5617"/>
          <ticker value="PETROR"/>
          <other otherDesc="SEDOL" value="B2PF1B1"/>
        </identifiers>
        <balance>5988.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>19475.50000000</valUSD>
        <pctVal>0.406332029823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RIYADH CABLES GROUP COMPANY</name>
        <lei>558600VWEJBGFYTZ1S78</lei>
        <title>RIYADH CABLES GROUP COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA15LGLI0N19"/>
          <ticker value="RIYADHC"/>
          <other otherDesc="SEDOL" value="BNBPXW7"/>
        </identifiers>
        <balance>966.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>30801.34000000</valUSD>
        <pctVal>0.642631562911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMPANY FOR COOPERATIVE INSURANCE JSC (THE)</name>
        <lei>549300J2GTNKWJRJ8581</lei>
        <title>COMPANY FOR COOPERATIVE INSURANCE JSC (THE) SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0DPSH3"/>
          <ticker value="TAWUNIY"/>
          <other otherDesc="SEDOL" value="B128FN6"/>
        </identifiers>
        <balance>1053.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>41226.53000000</valUSD>
        <pctVal>0.860140156478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DR. SOLIMAN ABDEL KADER FAKEEH HOSPITAL COMPANY</name>
        <lei>N/A</lei>
        <title>DR. SOLIMAN ABDEL KADER FAKEEH HOSPITAL COMPANY SAR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA562GSHUOH7"/>
          <ticker value="FAKEEHC"/>
          <other otherDesc="SEDOL" value="BT03ZB7"/>
        </identifiers>
        <balance>771.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>7535.16000000</valUSD>
        <pctVal>0.157211720256</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALDREES PETROLEUM AND TRANSPORT SERVICES COMPANY</name>
        <lei>N/A</lei>
        <title>ALDREES PETROLEUM AND TRANSPORT SERVICES COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA000A0HNGZ6"/>
          <ticker value="ALDREES"/>
          <other otherDesc="SEDOL" value="B128FF8"/>
        </identifiers>
        <balance>702.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>21299.90000000</valUSD>
        <pctVal>0.444395861571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAUDI INVESTMENT BANK JSC</name>
        <lei>558600V3J4M5TUY9HR70</lei>
        <title>SAUDI INVESTMENT BANK JSC SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA0007879063"/>
          <ticker value="SIBC"/>
          <other otherDesc="SEDOL" value="B12M7M1"/>
        </identifiers>
        <balance>8781.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>31364.05000000</valUSD>
        <pctVal>0.654371805601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UMM AL-QURA FOR DEVELOPMENT AND CONSTRUCTION COMPANY</name>
        <lei>N/A</lei>
        <title>UMM AL-QURA FOR DEVELOPMENT AND CONSTRUCTION COMPANY SAR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA169G7I3IH8"/>
          <ticker value="MASAR"/>
          <other otherDesc="SEDOL" value="BS80BH1"/>
        </identifiers>
        <balance>10107.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>48420.63000000</valUSD>
        <pctVal>1.010236084991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAUDI ARABIAN OIL COMPANY</name>
        <lei>5586006WD91QHB7J4X50</lei>
        <title>SAUDI ARABIAN OIL COMPANY NPV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SA14TG012N13"/>
          <ticker value="ARAMCO"/>
          <other otherDesc="SEDOL" value="BJTM270"/>
        </identifiers>
        <balance>80985.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="SAR" exchangeRt="3.75720000"/>
        <valUSD>563006.55000000</valUSD>
        <pctVal>11.74642983571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INSTITUTIONAL FIDUCIARY TRUST</name>
        <lei>549300DHQLI8W1JIXY85</lei>
        <title>INSTITUTIONAL FIDUCIARY TRUST US GOVT MNY MRKT</title>
        <cusip>457756500</cusip>
        <identifiers>
          <isin value="US4577565009"/>
        </identifiers>
        <balance>19708.05000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19708.05000000</valUSD>
        <pctVal>0.411183895682</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>
    </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>
