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          <ccc>XXXXXXXX</ccc>
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      <regLei>549300UHXVPT5S43XV04</regLei>
      <regStreet1>ONE FRANKLIN PARKWAY</regStreet1>
      <regCity>SAN MATEO</regCity>
      <regStateConditional regCountry="US" regState="US-CA"/>
      <regZipOrPostalCode>94403</regZipOrPostalCode>
      <regPhone>650-312-2000</regPhone>
      <seriesName>Franklin FTSE Hong Kong ETF</seriesName>
      <seriesId>S000059512</seriesId>
      <seriesLei>549300E78P8MGUFWHY91</seriesLei>
      <repPdEnd>2025-03-31</repPdEnd>
      <repPdDate>2024-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>21003.72</totLiabs>
      <netAssets>12194230.57</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
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      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
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        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0011000095"/>
        </identifiers>
        <balance>23100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>284142.53000000</valUSD>
        <pctVal>2.330139063460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOC Aviation Ltd</name>
        <lei>254900H06V5RMEB3KE72</lei>
        <title>BOC Aviation Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="SG9999015267"/>
        </identifiers>
        <balance>7000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>54383.72000000</valUSD>
        <pctVal>0.445979102066</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dah Sing Banking Group Ltd</name>
        <lei>529900DXBMKJOLLQOM66</lei>
        <title>Dah Sing Banking Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK2356013600"/>
        </identifiers>
        <balance>11200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>11822.94000000</valUSD>
        <pctVal>0.096955194771</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jardine Matheson Holdings Ltd</name>
        <lei>2138009KENVUNWOLPK41</lei>
        <title>Jardine Matheson Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG507361001"/>
        </identifiers>
        <balance>6410.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>262617.70000000</valUSD>
        <pctVal>2.153622555293</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>Hong Kong &amp; China Gas Co Ltd</name>
        <lei>254900P7BETXGC7YU827</lei>
        <title>Hong Kong &amp; China Gas Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0003000038"/>
        </identifiers>
        <balance>350000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>279803.55000000</valUSD>
        <pctVal>2.294556826638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Energy Group Ltd</name>
        <lei>N/A</lei>
        <title>United Energy Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9231L1081"/>
        </identifiers>
        <balance>225000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>10282.64000000</valUSD>
        <pctVal>0.084323811502</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>DFI Retail Group Holdings Ltd</name>
        <lei>213800NOTG41PZVNNX48</lei>
        <title>DFI Retail Group Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2624N1535"/>
        </identifiers>
        <balance>9800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22638.00000000</valUSD>
        <pctVal>0.185645169410</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>PRADA SpA</name>
        <lei>8156000FE0A2DC5B7852</lei>
        <title>PRADA SpA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IT0003874101"/>
        </identifiers>
        <balance>16800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>130088.38000000</valUSD>
        <pctVal>1.066802692086</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUTCHMED China Ltd</name>
        <lei>2138006X34YDQ6OBYE79</lei>
        <title>HUTCHMED China Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG4672N1198"/>
        </identifiers>
        <balance>16000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>46447.26000000</valUSD>
        <pctVal>0.380895372884</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MGM China Holdings Ltd</name>
        <lei>529900VZFN87OS7WJM66</lei>
        <title>MGM China Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG607441022"/>
        </identifiers>
        <balance>22400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>28663.42000000</valUSD>
        <pctVal>0.235057225098</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Power Assets Holdings Ltd</name>
        <lei>254900JOWYUW1ZX4DF47</lei>
        <title>Power Assets Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0006000050"/>
        </identifiers>
        <balance>44000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>307005.07000000</valUSD>
        <pctVal>2.517625595462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sino Land Co Ltd</name>
        <lei>529900G5P51053HJVZ92</lei>
        <title>Sino Land Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0083000502"/>
        </identifiers>
        <balance>112300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>113486.18000000</valUSD>
        <pctVal>0.930654700586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wharf Holdings Ltd/The</name>
        <lei>254900JCV4TBBPX9IW91</lei>
        <title>Wharf Holdings Ltd/The</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0004000045"/>
        </identifiers>
        <balance>30666.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>86258.55000000</valUSD>
        <pctVal>0.707371814111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SITC International Holdings Co Ltd</name>
        <lei>529900JUV4MOM9CE3V12</lei>
        <title>SITC International Holdings Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8187G1055"/>
        </identifiers>
        <balance>41000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>109256.62000000</valUSD>
        <pctVal>0.895969773351</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ESR Group Ltd</name>
        <lei>549300C81AR42BZUFZ09</lei>
        <title>ESR Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG319891092"/>
        </identifiers>
        <balance>85400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>131267.07000000</valUSD>
        <pctVal>1.076468656603</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wharf Real Estate Investment Co Ltd</name>
        <lei>529900QLPKS8U9QOPB59</lei>
        <title>Wharf Real Estate Investment Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9593A1040"/>
        </identifiers>
        <balance>50166.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>128257.36000000</valUSD>
        <pctVal>1.051787230557</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sun Hung Kai Properties Ltd</name>
        <lei>529900LUMD393RD3S874</lei>
        <title>Sun Hung Kai Properties Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0016000132"/>
        </identifiers>
        <balance>45966.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>441733.26000000</valUSD>
        <pctVal>3.622477510690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yue Yuen Industrial Holdings Ltd</name>
        <lei>254900YUFIBANZ1XU687</lei>
        <title>Yue Yuen Industrial Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG988031446"/>
        </identifiers>
        <balance>22500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>50399.40000000</valUSD>
        <pctVal>0.413305289831</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>Techtronic Industries Co Ltd</name>
        <lei>549300HZW2SBE758OK89</lei>
        <title>Techtronic Industries Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0669013440"/>
        </identifiers>
        <balance>45900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>605661.73000000</valUSD>
        <pctVal>4.966789224816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Galaxy Entertainment Group Ltd</name>
        <lei>549300ZSEBV3HR826S10</lei>
        <title>Galaxy Entertainment Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0027032686"/>
        </identifiers>
        <balance>69280.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>294317.03000000</valUSD>
        <pctVal>2.413576062142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Samsonite International SA</name>
        <lei>549300UULS5HYFJSEL12</lei>
        <title>Samsonite International SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="LU0633102719"/>
        </identifiers>
        <balance>42900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>119290.16000000</valUSD>
        <pctVal>0.978250815541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MMG Ltd</name>
        <lei>529900XB5IQXFMSWEC48</lei>
        <title>MMG Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK1208013172"/>
        </identifiers>
        <balance>112000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>36910.64000000</valUSD>
        <pctVal>0.302689372553</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Link REIT</name>
        <lei>529900XUE70U36QX5M62</lei>
        <title>Link REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0823032773"/>
        </identifiers>
        <balance>81900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>346348.14000000</valUSD>
        <pctVal>2.840262352034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lenovo Group Ltd</name>
        <lei>254900VUZRGD5U73RE46</lei>
        <title>Lenovo Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0992009065"/>
        </identifiers>
        <balance>248000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>321814.64000000</valUSD>
        <pctVal>2.639072946445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Pacific Co Ltd</name>
        <lei>254900VS1MDQSDM9DE09</lei>
        <title>First Pacific Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG348041077"/>
        </identifiers>
        <balance>74000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>42963.72000000</valUSD>
        <pctVal>0.352328256820</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>Johnson Electric Holdings Ltd</name>
        <lei>529900EDYRQ6K25JEC80</lei>
        <title>Johnson Electric Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG5150J1577"/>
        </identifiers>
        <balance>11500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>16136.82000000</valUSD>
        <pctVal>0.132331596547</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>New World Development Co Ltd</name>
        <lei>2549008GWMWXTIRL4S48</lei>
        <title>New World Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000608585"/>
        </identifiers>
        <balance>47000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>31220.59000000</valUSD>
        <pctVal>0.256027551888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Budweiser Brewing Co APAC Ltd</name>
        <lei>549300YF1MR4GTF18132</lei>
        <title>Budweiser Brewing Co APAC Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG1674K1013"/>
        </identifiers>
        <balance>54600.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>52646.32000000</valUSD>
        <pctVal>0.431731380654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WH Group Ltd</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG960071028"/>
        </identifiers>
        <balance>252000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>194970.36000000</valUSD>
        <pctVal>1.598873818899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VTech Holdings Ltd</name>
        <lei>N/A</lei>
        <title>VTech Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9400S1329"/>
        </identifiers>
        <balance>4900.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>33306.08000000</valUSD>
        <pctVal>0.273129819948</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>Swire Pacific Ltd</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>Swire Pacific Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0087000532"/>
        </identifiers>
        <balance>25000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>36045.55000000</valUSD>
        <pctVal>0.295595116010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hang Lung Group Ltd</name>
        <lei>529900V2T2EPOQYH0981</lei>
        <title>Hang Lung Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0010000088"/>
        </identifiers>
        <balance>28000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>37703.64000000</valUSD>
        <pctVal>0.309192447883</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Shenzhou International Group Holdings Ltd</name>
        <lei>529900B4W41TCUKJFM73</lei>
        <title>Shenzhou International Group Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8087W1015"/>
        </identifiers>
        <balance>24500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>195547.09000000</valUSD>
        <pctVal>1.603603350596</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SJM Holdings Ltd</name>
        <lei>529900XEAB40COT5ZL30</lei>
        <title>SJM Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0880043028"/>
        </identifiers>
        <balance>77000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>26664.69000000</valUSD>
        <pctVal>0.218666441043</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CK Hutchison Holdings Ltd</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK Hutchison Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG217651051"/>
        </identifiers>
        <balance>85500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>456780.75000000</valUSD>
        <pctVal>3.745875948284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CK Infrastructure Holdings Ltd</name>
        <lei>5299005U11RQ1C27MR12</lei>
        <title>CK Infrastructure Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG2178K1009"/>
        </identifiers>
        <balance>19200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>142740.36000000</valUSD>
        <pctVal>1.170556511791</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>Henderson Land Development Co Ltd</name>
        <lei>529900SYQB7IVR9QGN76</lei>
        <title>Henderson Land Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0012000102"/>
        </identifiers>
        <balance>42000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>127601.23000000</valUSD>
        <pctVal>1.046406571267</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hysan Development Co Ltd</name>
        <lei>5299007BABFLKIH9HL03</lei>
        <title>Hysan Development Co Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0014000126"/>
        </identifiers>
        <balance>21000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>32008.44000000</valUSD>
        <pctVal>0.262488394132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swire Pacific Ltd</name>
        <lei>549300KZOZHII0DGF611</lei>
        <title>Swire Pacific Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0019000162"/>
        </identifiers>
        <balance>12500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>113366.46000000</valUSD>
        <pctVal>0.929672924824</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Xinyi Glass Holdings Ltd</name>
        <lei>52990082YXVVZFK1QJ17</lei>
        <title>Xinyi Glass Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG9828G1082"/>
        </identifiers>
        <balance>55133.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>55999.25000000</valUSD>
        <pctVal>0.459227416428</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chow Tai Fook Jewellery Group Ltd</name>
        <lei>254900VXRL7SRSF44G79</lei>
        <title>Chow Tai Fook Jewellery Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG211461085"/>
        </identifiers>
        <balance>56000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>48517.31000000</valUSD>
        <pctVal>0.397871023690</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hongkong Land Holdings Ltd</name>
        <lei>213800XCHYNRPAYGXW28</lei>
        <title>Hongkong Land Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG4587L1090"/>
        </identifiers>
        <balance>32900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>146405.00000000</valUSD>
        <pctVal>1.200608756407</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>Sands China Ltd</name>
        <lei>549300EVO6UZDGY05787</lei>
        <title>Sands China Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG7800X1079"/>
        </identifiers>
        <balance>77200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>207709.88000000</valUSD>
        <pctVal>1.703345519076</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Melco International Development Ltd</name>
        <lei>5299005YLKSGQRHYMI33</lei>
        <title>Melco International Development Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0200030994"/>
        </identifiers>
        <balance>24000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>13779.70000000</valUSD>
        <pctVal>0.113001799669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AIA Group Ltd</name>
        <lei>ZP5ILWVSYE4LJGMMVD57</lei>
        <title>AIA Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0000069689"/>
        </identifiers>
        <balance>338800.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>2455530.74000000</valUSD>
        <pctVal>20.13682393410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CK Asset Holdings Ltd</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>CK Asset Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG2177B1014"/>
        </identifiers>
        <balance>61500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>252556.98000000</valUSD>
        <pctVal>2.071118620811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nexteer Automotive Group Ltd</name>
        <lei>529900O9GGNBKMJ9UO48</lei>
        <title>Nexteer Automotive Group Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG6501M1050"/>
        </identifiers>
        <balance>28000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>11967.12000000</valUSD>
        <pctVal>0.098137557193</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASMPT Ltd</name>
        <lei>529900PYFA1HFYKPT360</lei>
        <title>ASMPT Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG0535Q1331"/>
        </identifiers>
        <balance>10200.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>98350.27000000</valUSD>
        <pctVal>0.806531165992</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Champion REIT</name>
        <lei>N/A</lei>
        <title>Champion REIT</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK2778034606"/>
        </identifiers>
        <balance>56000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>12471.76000000</valUSD>
        <pctVal>0.102275907679</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Super Hi International Holding Ltd</name>
        <lei>N/A</lei>
        <title>Super Hi International Holding Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG8588S1049"/>
        </identifiers>
        <balance>7000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>19825.05000000</valUSD>
        <pctVal>0.162577293304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PCCW Ltd</name>
        <lei>254900SI7GPUPA1TJX39</lei>
        <title>PCCW Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="HK0008011667"/>
        </identifiers>
        <balance>138000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.76795000"/>
        <valUSD>80299.18000000</valUSD>
        <pctVal>0.658501408014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</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>2025-01-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Templeton ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Vivek Pai</ncom:signature>
      <ncom:signerName>Vivek Pai</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief  Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
