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        <name>Indian Renewable Energy Development Agency Ltd.</name>
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        <name>Phoenix Mills Ltd.</name>
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        <name>Coromandel International Ltd</name>
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        <name>Ultratech Cement Ltd.</name>
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        <name>SUN Tv Network Ltd</name>
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        <name>Metro Brands Ltd</name>
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        <name>Tube Investments Of India Ltd.</name>
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        <name>Lupin Ltd.</name>
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        <name>Tata Consultancy Services Ltd.</name>
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        <name>Havells India Ltd.</name>
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        <name>Kaynes Technology India Private Limited</name>
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        <name>Multi Commodity Exchange Of India Ltd.</name>
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        <name>Apollo Hospitals Enterprise Ltd.</name>
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        <name>Divis Laboratories Ltd.</name>
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        <name>Hexaware Technologies Ltd.</name>
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        <name>KPIT Technologies Limited</name>
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        <name>HDFC Asset Management Co Ltd.</name>
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      <invstOrSec>
        <name>Endurance Technologies Ltd.</name>
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      <invstOrSec>
        <name>AU Small Finance Bank Ltd.</name>
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      <invstOrSec>
        <name>Voltas Ltd.</name>
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        <name>Thermax Ltd.</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Adani Total Gas Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>Solar Industries India Limited</name>
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        <name>Indian Overseas Bank</name>
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        <name>IDFC First Bank Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>DLF Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>ICICI Bank Ltd.</name>
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        <name>NTPC Green Energy Ltd.</name>
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        <name>Icici Lombard Gen Insurance Co Ltd</name>
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        <name>Alkem Laboratories Ltd.</name>
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        <name>Motilal Oswal Financial Services Ltd</name>
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        <name>Gail India Ltd.</name>
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        <name>Bajaj Holdings &amp; Investment Ltd</name>
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        <name>KEI Industries Ltd</name>
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        <name>Deepak Nitrite Limited</name>
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        <name>Embassy Office Parks REIT</name>
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        <name>Crisil Ltd</name>
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        <name>Indian Bank</name>
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        <name>Jindal Steel Ltd.</name>
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      <invstOrSec>
        <name>Bank of India Ltd.</name>
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        <name>Piramal Finance Ltd.</name>
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        <name>Cochin Shipyard Limited</name>
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        <name>Tata Elxsi Ltd.</name>
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        <name>Swiggy Ltd.</name>
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        <name>Ashok Leyland Ltd.</name>
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        <name>Schaeffler India Ltd</name>
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        <name>Uno Minda Ltd.</name>
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        <name>ITC Ltd.</name>
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        <name>Honeywell Auto Ind</name>
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        <name>Glaxo Smithkline P</name>
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        <name>Coforge Limited</name>
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        <name>YES Bank Ltd.</name>
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        <name>Bharat Petroleum Corp Ltd.</name>
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        <name>Info Edge (India) Ltd.</name>
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        <name>Adani Energy Solutions Ltd.</name>
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        <name>Hitachi Energy India Limited</name>
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        <name>PB Fintech Ltd.</name>
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        <name>KNOWLEDGE REALTY TRUST</name>
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        <name>Vedanta Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Biocon Ltd.</name>
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      <invstOrSec>
        <name>ABB India Ltd.</name>
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      <invstOrSec>
        <name>Mazagon Dock Shipbuilders Ltd</name>
        <lei>335800UWDDBKMF92JF96</lei>
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          <isin value="INE249Z01020"/>
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      <invstOrSec>
        <name>Bharti Airtel Ltd.</name>
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      <invstOrSec>
        <name>Bharat Heavy Electricals Ltd.</name>
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          <ticker value="BHEL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Indian Railway Finance Corp Ltd.</name>
        <lei>335800F2JHSOGXQEBY56</lei>
        <title>Indian Railway Finance Corp Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE053F01010"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Zydus Lifesciences Ltd.</name>
        <lei>335800R9O14ORBXLPN13</lei>
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          <isin value="INE010B01027"/>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>3M India Ltd</name>
        <lei>25490097AWWG536G0N08</lei>
        <title>3M India Ltd INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE470A01017"/>
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        <invCountry>IN</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AWL Agri Business Ltd.</name>
        <lei>335800R5XN85I4JPI333</lei>
        <title>AWL Agri Business Ltd. INR10</title>
        <cusip>000000000</cusip>
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          <isin value="INE699H01024"/>
          <ticker value="AWL"/>
          <other otherDesc="SEDOL" value="BL6LPH5"/>
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        <balance>869250.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aditya Birla Capital Ltd.</name>
        <lei>5299009K0PUXVSIRL787</lei>
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        <cusip>000000000</cusip>
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          <isin value="INE674K01013"/>
          <ticker value="ABCAP"/>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Indus Towers Ltd.</name>
        <lei>335800L6DI4VHODGDK41</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Varun Beverages Ltd.</name>
        <lei>33580058NWEMWBDNMD48</lei>
        <title>Varun Beverages Ltd. INR2(POST SUBD)</title>
        <cusip>000000000</cusip>
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          <ticker value="VBL"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Nestle India Ltd.</name>
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          <isin value="INE239A01024"/>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Exide Industries Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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        <name>Steel Authority of India Ltd.</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Cholamandalam Investment &amp; Finance Co Ltd.</name>
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        <name>TVS Motor Company Limited</name>
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        <name>Torrent Power Limited</name>
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        <name>Samvardhana Motherson International ltd</name>
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        <invCountry>IN</invCountry>
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        <name>Authum Inv &amp; Infra Ltd</name>
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          <ticker value="AIIL"/>
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        <invCountry>IN</invCountry>
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        <name>Page Industries Ltd.</name>
        <lei>335800D6UFCCKUP3KD53</lei>
        <title>Page Industries Ltd. INR10</title>
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        <invCountry>IN</invCountry>
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        <name>JSW Energy Ltd</name>
        <lei>3358001ZFBW2VIMBMI85</lei>
        <title>JSW Energy Ltd INR10</title>
        <cusip>000000000</cusip>
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        <name>Persistent Systems Ltd.</name>
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        <name>L&amp;T Technology Services Ltd.</name>
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        <name>Jindal Stainless Ltd.</name>
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        <name>Bajaj Finserv Ltd</name>
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        <name>Prestige Estate Projects Ltd.</name>
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        <name>Narayana Hrudayalaya Limited</name>
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        <name>Asian Paints Ltd.</name>
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        <name>Britannia Industries Ltd.</name>
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        <name>Siemens India Ltd</name>
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        <name>Eternal Ltd.</name>
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        <name>Tata Technologies Ltd.</name>
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        <name>Infosys Ltd.</name>
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        <name>GMR Airports Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Lloyds Metals &amp; Energy Ltd</name>
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        <name>United Breweries Ltd.</name>
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      <invstOrSec>
        <name>Tata Communications LTD</name>
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      <invstOrSec>
        <name>PI Industries Ltd.</name>
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      <invstOrSec>
        <name>Vodafone Idea Ltd.</name>
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        <name>Oracle Fin Service</name>
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        <name>Vishal Mega Mart Ltd.</name>
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        <name>Hindustan Aeronautics Limited</name>
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        <name>Bharat Electronics Ltd.</name>
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        <name>Cipla Ltd.</name>
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        <name>NTPC Ltd.</name>
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        <name>Adani Power Limited</name>
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        <name>SBI Cards &amp; Payment Services Ltd.</name>
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        <name>Godrej Properties Ltd.</name>
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        <name>Laurus Labs Ltd</name>
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        <name>Godfrey Phillips</name>
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        <name>State Bank of India</name>
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        <name>Bharat Dynamics Limited</name>
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        <name>Escorts Kubota Ltd.</name>
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        <name>Wipro Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Gujarat Gas Ltd.</name>
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      <invstOrSec>
        <name>OIL India Ltd.</name>
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          <isin value="INE274J01014"/>
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      <invstOrSec>
        <name>REC Ltd.</name>
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        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>INDIAN CAP GAINS TAX</name>
        <lei>N/A</lei>
        <title>INDIAN CAP GAINS TAX</title>
        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>National Aluminum</name>
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        <assetCat>EC</assetCat>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>Tata Power Co Ltd.</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>HDB Financial Services Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>Container Corporation of India Ltd.</name>
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        <name>Star Health &amp; Allied Insurance Co Ltd.</name>
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        <assetCat>EC</assetCat>
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        <name>Hindustan Zinc Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Castrol India Ltd.</name>
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        <name>Max Financial Services Limited</name>
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        <name>Gujarat Fluorochemicals Ltd.</name>
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        <name>UPL Ltd.</name>
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        <name>Indian Oil Corp Ltd.</name>
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        <name>Patanjali Foods Ltd.</name>
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        <name>Sbi Life Insurance Co Ltd.</name>
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        <name>Sundaram Finance Ltd.</name>
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        <name>Bank Of Maharashtra</name>
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        <name>Hindalco Industries Ltd.</name>
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        <name>Indian Railway Catering And Tourism Corporation Limited</name>
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        <name>Linde India Ltd</name>
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        <name>Whirlpool Of India Ltd.</name>
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      <invstOrSec>
        <name>Dr. Reddy's Laboratories Ltd.</name>
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      <invstOrSec>
        <name>Bajaj Finance Ltd.</name>
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      <invstOrSec>
        <name>Eicher Motors Ltd.</name>
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        <name>CG Power and Industrial Solns Ltd</name>
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        <invCountry>IN</invCountry>
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        <name>Punjab National Bank</name>
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        <name>Hyundai Motor India Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Apar Industries Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Axis Bank Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Ajanta Pharma Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>360 One Wam Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Tata Steel Ltd.</name>
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        <name>Adani Ports And Special Economic Zone Ltd.</name>
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        <name>LTM Ltd.</name>
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        <name>Fortis Healthcare Ltd.</name>
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        <name>Tata Motors Ltd.</name>
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        <name>JSW Steel Ltd.</name>
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        <name>Reliance Industries Ltd.</name>
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        <name>IPCA Laboratories Ltd.</name>
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        <name>Balkrishna Industries Ltd.</name>
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        <name>Tech Mahindra Ltd.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Indraprastha Gas Ltd.</name>
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          <ticker value="IGL"/>
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      <invstOrSec>
        <name>Bosch Ltd.</name>
        <lei>3358008TVK7S8BSVVW82</lei>
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        <cusip>000000000</cusip>
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      <invstOrSec>
        <name>Mankind Pharma Ltd.</name>
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        <name>Hindustan Copper Limited</name>
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        <name>NATIONAL STOCK EXCHANGE OF INDIA LIMITED</name>
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        <name>Bandhan Bank Ltd.</name>
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        <name>Aarti Industries Limited</name>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>MRF Ltd.</name>
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        <invCountry>IN</invCountry>
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      <invstOrSec>
        <name>One 97 Communications Ltd.</name>
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        <name>Dixon Technologies (India) Pvt Ltd</name>
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        <name>Bajaj Auto Ltd.</name>
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        <name>Dabur India Ltd.</name>
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        <name>NLC India Limited</name>
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        <name>Avenue Supermarts Ltd.</name>
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        <name>Central Depository Services (India) Limited</name>
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        <name>FSN E-Commerce Ventures Ltd.</name>
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        <name>Hindustan Unilever Ltd.</name>
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        <name>Adani Enterprises Ltd.</name>
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        <invCountry>IN</invCountry>
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        <name>Coal India Ltd.</name>
        <lei>335800NLJQZNHM9LBB31</lei>
        <title>Coal India Ltd. INR10</title>
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        <invCountry>IN</invCountry>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hindustan Petroleum Corp Ltd.</name>
        <lei>335800DWLXIP7HFFY564</lei>
        <title>Hindustan Petroleum Corp Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE094A01015"/>
          <ticker value="HPCL"/>
          <other otherDesc="SEDOL" value="6100476"/>
        </identifiers>
        <balance>1558550.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>5511276.32000000</valUSD>
        <pctVal>0.224340335954</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lodha Developers Ltd.</name>
        <lei>254900B5QCN52ETNU557</lei>
        <title>Lodha Developers Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE670K01029"/>
          <ticker value="LODHA"/>
          <other otherDesc="SEDOL" value="BM9G370"/>
        </identifiers>
        <balance>454450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>3243718.55000000</valUSD>
        <pctVal>0.132037819734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dr. Lal PathLabs Ltd.</name>
        <lei>984500E8E9CY102B9718</lei>
        <title>Dr. Lal PathLabs Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE600L01024"/>
          <ticker value="DLPL"/>
          <other otherDesc="SEDOL" value="BYY2W03"/>
        </identifiers>
        <balance>120475.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>1666603.38000000</valUSD>
        <pctVal>0.067840249783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kansai Nerolac Paints Ltd.</name>
        <lei>335800XB33657OCBQS80</lei>
        <title>Kansai Nerolac Paints Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE531A01024"/>
          <ticker value="KNPL"/>
          <other otherDesc="SEDOL" value="BWGW724"/>
        </identifiers>
        <balance>329400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>580737.94000000</valUSD>
        <pctVal>0.023639341777</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Adani Green Energy Ltd.</name>
        <lei>335800ZBBU81OH211H17</lei>
        <title>Adani Green Energy Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE364U01010"/>
          <ticker value="ADANIGR"/>
          <other otherDesc="SEDOL" value="BD6H7M6"/>
        </identifiers>
        <balance>501725.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>4268289.28000000</valUSD>
        <pctVal>0.173743683936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Godrej Consumer Products Ltd.</name>
        <lei>335800P4GUWLGZFK2D63</lei>
        <title>Godrej Consumer Products Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE102D01028"/>
          <ticker value="GCPL"/>
          <other otherDesc="SEDOL" value="B1BDGY0"/>
        </identifiers>
        <balance>652700.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>6776883.83000000</valUSD>
        <pctVal>0.275857769938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mangalore Refinery And Petrochemicals Limited</name>
        <lei>335800IFZW2UY8KC5H11</lei>
        <title>Mangalore Refinery And Petrochemicals Limited INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE103A01014"/>
          <ticker value="MRPL"/>
          <other otherDesc="SEDOL" value="6121530"/>
        </identifiers>
        <balance>326350.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>618782.89000000</valUSD>
        <pctVal>0.025187987929</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mphasis Ltd.</name>
        <lei>335800NSYTIQLQKUYP62</lei>
        <title>Mphasis Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE356A01018"/>
          <ticker value="MPHL"/>
          <other otherDesc="SEDOL" value="6151593"/>
        </identifiers>
        <balance>211975.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>4588196.21000000</valUSD>
        <pctVal>0.186765718032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Berger Paints India Ltd.</name>
        <lei>335800TNTIBFAWWUZD51</lei>
        <title>Berger Paints India Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE463A01038"/>
          <ticker value="BRGR"/>
          <other otherDesc="SEDOL" value="BV8TBJ1"/>
        </identifiers>
        <balance>393450.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>1700755.15000000</valUSD>
        <pctVal>0.069230421335</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Titan Co Ltd.</name>
        <lei>549300RO9VJWPK37FE54</lei>
        <title>Titan Co Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE280A01028"/>
          <ticker value="TTAN"/>
          <other otherDesc="SEDOL" value="6139340"/>
        </identifiers>
        <balance>596275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>24840823.26000000</valUSD>
        <pctVal>1.011162988746</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RBL Bank Ltd.</name>
        <lei>335800JQTGMLAAQL1F37</lei>
        <title>RBL Bank Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE976G01028"/>
          <ticker value="RBK"/>
          <other otherDesc="SEDOL" value="BD0FRL5"/>
        </identifiers>
        <balance>732000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>2236160.20000000</valUSD>
        <pctVal>0.091024456294</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bharti Hexacom Ltd.</name>
        <lei>335800GJ4U5YVWJGAP02</lei>
        <title>Bharti Hexacom Ltd. INR5</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE343G01021"/>
          <ticker value="BHARTIHE"/>
          <other otherDesc="SEDOL" value="BMDR2V6"/>
        </identifiers>
        <balance>122000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>1940578.03000000</valUSD>
        <pctVal>0.078992578473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Premier Energies Ltd.</name>
        <lei>335800WBEGQHA5EB6C35</lei>
        <title>Premier Energies Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE0BS701011"/>
          <ticker value="PREMIER"/>
          <other otherDesc="SEDOL" value="BRQNWB6"/>
        </identifiers>
        <balance>175375.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>1648657.67000000</valUSD>
        <pctVal>0.067109757175</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICICI Prudential Life Insurance Co Ltd.</name>
        <lei>2138006W2MGOSH69C607</lei>
        <title>ICICI Prudential Life Insurance Co Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE726G01019"/>
          <ticker value="IPRU"/>
          <other otherDesc="SEDOL" value="BYXL8H0"/>
        </identifiers>
        <balance>593225.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>3186945.52000000</valUSD>
        <pctVal>0.129726834060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cholamandalam Financial Holdings Ltd.</name>
        <lei>335800WAHI1O38BILX22</lei>
        <title>Cholamandalam Financial Holdings Ltd. INR1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE149A01033"/>
          <ticker value="CHOLAHL"/>
          <other otherDesc="SEDOL" value="BF93XC7"/>
        </identifiers>
        <balance>161650.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>2326870.36000000</valUSD>
        <pctVal>0.094716876450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Power Grid Corporation of India Ltd.</name>
        <lei>3358009SHWZ3DZEQ4Z56</lei>
        <title>Power Grid Corporation of India Ltd. INR10</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE752E01010"/>
          <ticker value="PWGR"/>
          <other otherDesc="SEDOL" value="B233HS6"/>
        </identifiers>
        <balance>7356600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>22965924.80000000</valUSD>
        <pctVal>0.934843942853</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Glenmark Pharmaceuticals Ltd.</name>
        <lei>335800WKECZXIIT9GK20</lei>
        <title>Glenmark Pharmaceuticals Ltd. INR1.00</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE935A01035"/>
          <ticker value="GNP"/>
          <other otherDesc="SEDOL" value="6698755"/>
        </identifiers>
        <balance>230275.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="94.84875000"/>
        <valUSD>5175368.34000000</valUSD>
        <pctVal>0.210666967989</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</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>2026-05-21</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>
</edgarSubmission>
