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                <title>COMMON STOCK</title>
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                    <isin value="US1696561059"/>
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                <balance>143406</balance>
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                <curCd>USD</curCd>
                <valUSD>8822337.12</valUSD>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
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            </invstOrSec>
            <invstOrSec>
                <name>SALESFORCE INC</name>
                <lei>RCGZFPDMRW58VJ54VR07</lei>
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                <cusip>79466L302</cusip>
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                    <isin value="US79466L3024"/>
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                <balance>32175</balance>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>SEAGATE TECHNOLOGY HOLDINGS PLC</name>
                <lei>635400RUXIFEZSRU8X70</lei>
                <title>COMMON STOCK</title>
                <cusip>G7997R103</cusip>
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                    <isin value="IE00BKVD2N49"/>
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                <balance>71071</balance>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>PROLOGIS INC</name>
                <lei>529900DFH19P073LZ636</lei>
                <title>COMMON STOCK</title>
                <cusip>74340W103</cusip>
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                    <isin value="US74340W1036"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>NVIDIA CORP</name>
                <lei>549300S4KLFTLO7GSQ80</lei>
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                <cusip>67066G104</cusip>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>HOME DEPOT INC/THE</name>
                <lei>QEKMOTMBBKA8I816DO57</lei>
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                <cusip>437076102</cusip>
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                    <isin value="US4370761029"/>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>APPLIED MATERIALS INC</name>
                <lei>41BNNE1AFPNAZELZ6K07</lei>
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                <cusip>038222105</cusip>
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                <curCd>USD</curCd>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>JPMORGAN CHASE  AND  CO</name>
                <lei>8I5DZWZKVSZI1NUHU748</lei>
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                <cusip>46625H100</cusip>
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                    <isin value="US46625H1005"/>
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                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>INTUITIVE SURGICAL INC</name>
                <lei>54930052SRG011710797</lei>
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                <cusip>46120E602</cusip>
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                <units>NS</units>
                <curCd>USD</curCd>
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                <pctVal>1.850640032877</pctVal>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>FORTIVE CORP</name>
                <lei>549300MU9YQJYHDQEF63</lei>
                <title>COMMON STOCK</title>
                <cusip>34959J108</cusip>
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                    <isin value="US34959J1088"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>INGERSOLL RAND INC</name>
                <lei>5299004C02FMZCUOIR50</lei>
                <title>COMMON STOCK</title>
                <cusip>45687V106</cusip>
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                    <isin value="US45687V1061"/>
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                <units>NS</units>
                <curCd>USD</curCd>
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                <pctVal>1.376759504222</pctVal>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>OTIS WORLDWIDE CORP</name>
                <lei>549300ZLBKR8VSU25153</lei>
                <title>COMMON STOCK</title>
                <cusip>68902V107</cusip>
                <identifiers>
                    <isin value="US68902V1070"/>
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                <balance>101027</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>10403760.46</valUSD>
                <pctVal>1.469482750653</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>TPG INC</name>
                <lei>549300NLO4R8MX77XJ02</lei>
                <title>COMMON STOCK</title>
                <cusip>872657101</cusip>
                <identifiers>
                    <isin value="US8726571016"/>
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                <balance>132884</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>9296564.64</valUSD>
                <pctVal>1.313096493458</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>CONSTELLATION ENERGY CORP</name>
                <lei>549300F8Y20RYGNGV346</lei>
                <title>COMMON STOCK</title>
                <cusip>21037T109</cusip>
                <identifiers>
                    <isin value="US21037T1097"/>
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                <balance>39675</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>10179018</valUSD>
                <pctVal>1.437738924026</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
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            <invstOrSec>
                <name>LINDE PLC</name>
                <lei>5299003QR1WT0EF88V51</lei>
                <title>COMMON STOCK</title>
                <cusip>G54950103</cusip>
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                    <isin value="IE000S9YS762"/>
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                <balance>24000</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>11063760</valUSD>
                <pctVal>1.562704614343</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>CAPITAL ONE FINANCIAL CORP</name>
                <lei>ZUE8T73ROZOF6FLBAR73</lei>
                <title>COMMON STOCK</title>
                <cusip>14040H105</cusip>
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                <balance>59779</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>11478165.79</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>CHARLES SCHWAB CORP/THE</name>
                <lei>549300VSGCJ7E698NM85</lei>
                <title>COMMON STOCK</title>
                <cusip>808513105</cusip>
                <identifiers>
                    <isin value="US8085131055"/>
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                <balance>100677</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>DANAHER CORP</name>
                <lei>S4BKK9OTCEWQ3YHPFM11</lei>
                <title>COMMON STOCK</title>
                <cusip>235851102</cusip>
                <identifiers>
                    <isin value="US2358511028"/>
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                <balance>33611</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>ROPER TECHNOLOGIES INC</name>
                <lei>54930003T4SXCIWVXY35</lei>
                <title>COMMON STOCK</title>
                <cusip>776696106</cusip>
                <identifiers>
                    <isin value="US7766961061"/>
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                <balance>22639</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>APPLE INC</name>
                <lei>HWUPKR0MPOU8FGXBT394</lei>
                <title>COMMON STOCK</title>
                <cusip>037833100</cusip>
                <identifiers>
                    <isin value="US0378331005"/>
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                <balance>259717</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>61638635.61</valUSD>
                <pctVal>8.706170442015</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>THE CAMPBELL'S COMPANY</name>
                <lei>5493007JDSMX8Z5Z1902</lei>
                <title>COMMON STOCK</title>
                <cusip>134429109</cusip>
                <identifiers>
                    <isin value="US1344291091"/>
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                <balance>143424</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>6626188.8</valUSD>
                <pctVal>0.935918332761</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
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                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>BANK OF AMERICA CORP</name>
                <lei>9DJT3UXIJIZJI4WXO774</lei>
                <title>COMMON STOCK</title>
                <cusip>060505104</cusip>
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                <balance>344479</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>16366197.29</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
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                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>EASTMAN CHEMICAL CO</name>
                <lei>FDPVHDGJ1IQZFK9KH630</lei>
                <title>COMMON STOCK</title>
                <cusip>277432100</cusip>
                <identifiers>
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                <balance>96126</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>10066314.72</valUSD>
                <pctVal>1.421820110195</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>WALT DISNEY CO/THE</name>
                <lei>549300GZKULIZ0WOW665</lei>
                <title>COMMON STOCK</title>
                <cusip>254687106</cusip>
                <identifiers>
                    <isin value="US2546871060"/>
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                <balance>97403</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>11441930.41</valUSD>
                <pctVal>1.616119424924</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>ANALOG DEVICES INC</name>
                <lei>GYVOE5EZ4GDAVTU4CQ61</lei>
                <title>COMMON STOCK</title>
                <cusip>032654105</cusip>
                <identifiers>
                    <isin value="US0326541051"/>
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                <balance>32447</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>7075068.35</valUSD>
                <pctVal>0.999320480319</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>BALL CORP</name>
                <lei>0BGI85ALH27ZJP15DY16</lei>
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                <cusip>058498106</cusip>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>WALMART INC</name>
                <lei>Y87794H0US1R65VBXU25</lei>
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                <cusip>931142103</cusip>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>STARBUCKS CORP</name>
                <lei>OQSJ1DU9TAOC51A47K68</lei>
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                <cusip>855244109</cusip>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>CADENCE DESIGN SYSTEMS INC</name>
                <lei>GCT7RXJOGLXPV0NXZY22</lei>
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                    <isin value="US1273871087"/>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isCashCollateral>N</isCashCollateral>
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            <invstOrSec>
                <name>KROGER CO/THE</name>
                <lei>6CPEOKI6OYJ13Q6O7870</lei>
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                    <isin value="US5010441013"/>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>AMERICAN TOWER CORP</name>
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                <assetCat>EC</assetCat>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>MICROSOFT CORP</name>
                <lei>INR2EJN1ERAN0W5ZP974</lei>
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                <cusip>594918104</cusip>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>AMAZON.COM INC</name>
                <lei>ZXTILKJKG63JELOEG630</lei>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>THERMO FISHER SCIENTIFIC INC</name>
                <lei>HCHV7422L5HDJZCRFL38</lei>
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                <cusip>883556102</cusip>
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                    <isin value="US8835561023"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>ADOBE INC</name>
                <lei>FU4LY2G4933NH2E1CP29</lei>
                <title>COMMON STOCK</title>
                <cusip>00724F101</cusip>
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                    <isin value="US00724F1012"/>
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                <curCd>USD</curCd>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>BOSTON SCIENTIFIC CORP</name>
                <lei>Y6ZDD9FP4P8JSSJMW954</lei>
                <title>COMMON STOCK</title>
                <cusip>101137107</cusip>
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                    <isin value="US1011371077"/>
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                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>NEXTERA ENERGY INC</name>
                <lei>254900RHL9MEUS5NKX63</lei>
                <title>COMMON STOCK</title>
                <cusip>65339F101</cusip>
                <identifiers>
                    <isin value="US65339F1012"/>
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                <balance>128753</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>ADVANCED MICRO DEVICES INC</name>
                <lei>R2I72C950HOYXII45366</lei>
                <title>COMMON STOCK</title>
                <cusip>007903107</cusip>
                <identifiers>
                    <isin value="US0079031078"/>
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                <balance>82583</balance>
                <units>NS</units>
                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>REGENERON PHARMACEUTICALS INC</name>
                <lei>549300RCBFWIRX3HYQ56</lei>
                <title>COMMON STOCK</title>
                <cusip>75886F107</cusip>
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                    <isin value="US75886F1075"/>
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                <balance>6496</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>4873429.12</valUSD>
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                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
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                    <isNonCashCollateral>N</isNonCashCollateral>
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            <invstOrSec>
                <name>METTLER-TOLEDO INTERNATIONAL INC</name>
                <lei>5493000BD5GJNUDIUG10</lei>
                <title>COMMON STOCK</title>
                <cusip>592688105</cusip>
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                    <isin value="US5926881054"/>
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                <balance>5013</balance>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>SYNOPSYS INC</name>
                <lei>QG7T915N9S0NY5UKNE63</lei>
                <title>COMMON STOCK</title>
                <cusip>871607107</cusip>
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                    <isin value="US8716071076"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>ELI LILLY  AND  CO</name>
                <lei>FRDRIPF3EKNDJ2CQJL29</lei>
                <title>COMMON STOCK</title>
                <cusip>532457108</cusip>
                <identifiers>
                    <isin value="US5324571083"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>US</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>ASML HOLDING NV</name>
                <lei>724500Y6DUVHQD6OXN27</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>N07059210</cusip>
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                <assetCat>EC</assetCat>
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                <invCountry>NL</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>ASTRAZENECA PLC</name>
                <lei>PY6ZZQWO2IZFZC3IOL08</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>046353108</cusip>
                <identifiers>
                    <isin value="US0463531089"/>
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                <balance>88484</balance>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
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                <invCountry>GB</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>GSK PLC</name>
                <lei>5493000HZTVUYLO1D793</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>37733W204</cusip>
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                    <isin value="US37733W2044"/>
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                <curCd>USD</curCd>
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                <invCountry>GB</invCountry>
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                <fairValLevel>1</fairValLevel>
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            <invstOrSec>
                <name>SANOFI SA</name>
                <lei>549300E9PC51EN656011</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>80105N105</cusip>
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                    <isin value="US80105N1054"/>
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                <curCd>USD</curCd>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>FR</invCountry>
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                <fairValLevel>1</fairValLevel>
                <securityLending>
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                    <isLoanByFund>N</isLoanByFund>
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            <invstOrSec>
                <name>UNILEVER PLC</name>
                <lei>549300MKFYEKVRWML317</lei>
                <title>COMMON STOCK - ADR</title>
                <cusip>904767704</cusip>
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                    <isin value="US9047677045"/>
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                <curCd>USD</curCd>
                <valUSD>10192547.2</valUSD>
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                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>GB</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
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                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
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                <name>ON HOLDING AG</name>
                <lei>N/A</lei>
                <title>ORDINARY SHARES</title>
                <cusip>H5919C104</cusip>
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                    <isin value="CH1134540470"/>
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                <balance>54388</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>3172452.04</valUSD>
                <pctVal>0.448094087515</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CH</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
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            </invstOrSec>
            <invstOrSec>
                <name>CANADIAN PACIFIC KANSAS CITY LTD</name>
                <lei>N/A</lei>
                <title>ORDINARY SHARES</title>
                <cusip>13646K108</cusip>
                <identifiers>
                    <isin value="CA13646K1084"/>
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                <balance>69561</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>5327676.99</valUSD>
                <pctVal>0.752509582276</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CA</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>FIRSTSERVICE CORP</name>
                <lei>5493000XUDIV75BCF118</lei>
                <title>ORDINARY SHARES</title>
                <cusip>33767E202</cusip>
                <identifiers>
                    <isin value="CA33767E2024"/>
                </identifiers>
                <balance>23835</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>4628518.65</valUSD>
                <pctVal>0.653756720313</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>EC</assetCat>
                <issuerCat>CORP</issuerCat>
                <invCountry>CA</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
            <invstOrSec>
                <name>VIKING HOLDINGS LTD</name>
                <lei>N/A</lei>
                <title>ORDINARY SHARES</title>
                <cusip>G93A5A101</cusip>
                <identifiers>
                    <isin value="BMG93A5A1010"/>
                </identifiers>
                <balance>214350</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>9956557.5</valUSD>
                <pctVal>1.406317413630</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>PUTNAM INVESTMENT FUNDS-PUTNAM GOVERNMENT MONEY MARKET FUND</name>
                <lei>549300SEUI2XMME8T893</lei>
                <title>SHORT TERM INV FUND</title>
                <cusip>74680A869</cusip>
                <identifiers>
                    <isin value="US74680A8696"/>
                </identifiers>
                <balance>19074984</balance>
                <units>NS</units>
                <curCd>USD</curCd>
                <valUSD>19074984</valUSD>
                <pctVal>2.694252723786</pctVal>
                <payoffProfile>Long</payoffProfile>
                <assetCat>STIV</assetCat>
                <issuerCat>PF</issuerCat>
                <invCountry>US</invCountry>
                <isRestrictedSec>N</isRestrictedSec>

                <fairValLevel>1</fairValLevel>
                <securityLending>
                    <isCashCollateral>N</isCashCollateral>
                    <isNonCashCollateral>N</isNonCashCollateral>
                    <isLoanByFund>N</isLoanByFund>
                </securityLending>
            </invstOrSec>
        </invstOrSecs>
        <explntrNotes>
            <explntrNote note="For certain swaptions, if any, the value provided may include any unpaid or received premium and as a result may be a negative value." noteItem="C.2.c"/>
            <explntrNote note="For total return swaps, interest rate swaps or spread swaps, if any, the mark to market payment may be either received or paid, depending on the change in value of the underlying index, basket or equity. For credit default swaps, if any, floating rate index related payments are only made upon the occurrence of a credit event on the reference obligation." noteItem="C.11.f.i.1"/>
            <explntrNote note="For total return swaps, interest rate swaps or spread swaps, if any, the mark to market payment may be either paid or received, depending on the change in value of the underlying index, basket or equity. For credit default swaps, if any, floating rate index related payments are only made upon the occurrence of a credit event on the reference obligation." noteItem="C.11.f.i.2"/>
            <explntrNote note="Monthly total returns provided exclude any applicable sales loads or redemption fees. " noteItem="B.5.a"/>
        </explntrNotes>
        <signature>
            <ncom:dateSigned>2025-01-28</ncom:dateSigned>
            <ncom:nameOfApplicant>Putnam ETF Trust</ncom:nameOfApplicant>
            <ncom:signature>Kevin R Blatchford</ncom:signature>
            <ncom:signerName>Kevin R Blatchford</ncom:signerName>
            <ncom:title>Assistant Treasurer</ncom:title>
        </signature>
    </formData>
    <documents>XXXX</documents>
</edgarSubmission>
