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      <regZipOrPostalCode>94403-1906</regZipOrPostalCode>
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        <curCd>USD</curCd>
        <valUSD>4008088.66000000</valUSD>
        <pctVal>17.77460980649</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>FFAS-FRANKLIN EMERGING MARKET CORE EQUITY (IU) FUND OEMF USD NPV TIS A/C#28663</name>
        <lei>N/A</lei>
        <title>FFAS-FRANKLIN EMERGING MARKET CORE EQUITY (IU) FUND OEMF USD NPV TIS A/C#28663</title>
        <cusip>35473A598</cusip>
        <identifiers>
          <ticker value="FCEEX"/>
          <other otherDesc="Internal Identifier" value="998765"/>
        </identifiers>
        <balance>135671.97900000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1335012.27000000</valUSD>
        <pctVal>5.920358604576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>TEMPLETON DEVELOPING MARKETS TRUST OEMF USD NPV CL R6 TIS A/C# 505</name>
        <lei>549300ZJC3KUG08IH343</lei>
        <title>TEMPLETON DEVELOPING MARKETS TRUST OEMF USD NPV CL R6 TIS A/C# 505</title>
        <cusip>88018W609</cusip>
        <identifiers>
          <ticker value="FDEVX"/>
          <other otherDesc="Internal Identifier" value="538724"/>
        </identifiers>
        <balance>46083.56400000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>904620.36000000</valUSD>
        <pctVal>4.011706148739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>Franklin FTSE Europe ETF ETF USD NPV TIS A/C#26349</name>
        <lei>549300MGO0V5Y80BBI27</lei>
        <title>Franklin FTSE Europe ETF ETF USD NPV TIS A/C#26349</title>
        <cusip>35473P652</cusip>
        <identifiers>
          <ticker value="FLEE"/>
          <other otherDesc="Internal Identifier" value="817192"/>
        </identifiers>
        <balance>29683.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>650354.53000000</valUSD>
        <pctVal>2.884117340517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>ISHARES CORE US AGGREGATE BOND ETF ETF USD NPV</name>
        <lei>549300F7VSXTKBGHJE47</lei>
        <title>ISHARES CORE US AGGREGATE BOND ETF ETF USD NPV</title>
        <cusip>464287226</cusip>
        <identifiers>
          <ticker value="AGG"/>
          <other otherDesc="Internal Identifier" value="326394"/>
        </identifiers>
        <balance>3372.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>398604.12000000</valUSD>
        <pctVal>1.767683627103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</name>
        <lei>N/A</lei>
        <title>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</title>
        <cusip>457756500</cusip>
        <identifiers>
          <ticker value="INFXX"/>
          <other otherDesc="Internal Identifier" value="170875"/>
        </identifiers>
        <balance>80747.94300000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>80747.94000000</valUSD>
        <pctVal>0.358091661120</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>2020-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
