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      <regZipOrPostalCode>94403-1906</regZipOrPostalCode>
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      <repPdEnd>2019-09-30</repPdEnd>
      <repPdDate>2019-09-30</repPdDate>
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        <name>MONDELEZ INTERNATIONAL INC COM A NPV</name>
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        <cusip>609207105</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GW PHARMACEUTICALS PLC SPONSORED ADR</name>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TELEFLEX INC COM USD1</name>
        <lei>UUL85LWXB4NGSWWXIQ25</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BERKSHIRE HATHAWAY INC COM A USD5</name>
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          <ticker value="BRK/A"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>VARIAN MEDICAL SYSTEMS INC COM USD1</name>
        <lei>TK3LAKL7I0QNTCVWSY07</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BLACKROCK INC COM USD.01</name>
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          <ticker value="BLK"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMGEN INC COM USD.0001</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PTC INC COM USD.01</name>
        <lei>54930050SSMU8SKDJ030</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>COMCAST CORP COM A USD1 (NEW)</name>
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        <name>PTC THERAPEUTICS INC COM USD.001</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>ADOBE INC COM USD 0.0001</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
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        <cusip>00724F101</cusip>
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        <name>AMETEK INC COM USD.01</name>
        <lei>549300WZDEF9KKE40E98</lei>
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        <name>BOEING CO COM USD5</name>
        <lei>RVHJWBXLJ1RFUBSY1F30</lei>
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        <lei>VI90HBPH7XSFMB9E4M29</lei>
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        <lei>549300J0DYC0N31V7G13</lei>
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        <name>ABBOTT LABORATORIES COM NPV</name>
        <lei>HQD377W2YR662HK5JX27</lei>
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        <name>STANLEY BLACK &amp; DECKER INC COM USD2.5</name>
        <lei>549300DJ09SMTO561131</lei>
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      <invstOrSec>
        <name>ALASKA AIR GROUP INC COM USD1</name>
        <lei>529900G48RT4KWLC6C27</lei>
        <title>ALASKA AIR GROUP INC COM USD1</title>
        <cusip>011659109</cusip>
        <identifiers>
          <ticker value="ALK"/>
          <other otherDesc="Internal Identifier" value="29394"/>
        </identifiers>
        <balance>3167645.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>205611836.95000000</valUSD>
        <pctVal>1.283496616287</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EDWARDS LIFESCIENCES CORP COM USD1</name>
        <lei>YA13X31F3V31L8TMPR58</lei>
        <title>EDWARDS LIFESCIENCES CORP COM USD1</title>
        <cusip>28176E108</cusip>
        <identifiers>
          <ticker value="EW"/>
          <other otherDesc="Internal Identifier" value="185657"/>
        </identifiers>
        <balance>395957.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>87074903.87000000</valUSD>
        <pctVal>0.543550148369</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONCHO RESOURCES INC COM USD NPV</name>
        <lei>SYHS7HRDXLL4I0IQ8776</lei>
        <title>CONCHO RESOURCES INC COM USD NPV</title>
        <cusip>20605P101</cusip>
        <identifiers>
          <ticker value="CXO"/>
          <other otherDesc="Internal Identifier" value="394608"/>
        </identifiers>
        <balance>593934.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40328118.60000000</valUSD>
        <pctVal>0.251741361451</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>REPUBLIC SERVICES INC COM USD.01</name>
        <lei>NKNQHM6BLECKVOQP7O46</lei>
        <title>REPUBLIC SERVICES INC COM USD.01</title>
        <cusip>760759100</cusip>
        <identifiers>
          <ticker value="RSG"/>
          <other otherDesc="Internal Identifier" value="55349"/>
        </identifiers>
        <balance>184700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15985785.00000000</valUSD>
        <pctVal>0.099788520255</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIASAT INC COM USD.0001</name>
        <lei>UFC8NYMNFSYIHNSM2I38</lei>
        <title>VIASAT INC COM USD.0001</title>
        <cusip>92552V100</cusip>
        <identifiers>
          <ticker value="VSAT"/>
          <other otherDesc="Internal Identifier" value="209760"/>
        </identifiers>
        <balance>692923.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52190960.36000000</valUSD>
        <pctVal>0.325793115885</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CANADIAN PACIFIC RAILWAY LTD ORD NPV</name>
        <lei>N/A</lei>
        <title>CANADIAN PACIFIC RAILWAY LTD ORD NPV</title>
        <cusip>13645T100</cusip>
        <identifiers>
          <ticker value="CP"/>
          <other otherDesc="Internal Identifier" value="217637"/>
        </identifiers>
        <balance>494945.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110105464.70000000</valUSD>
        <pctVal>0.687314473103</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>ABBVIE INC COM USD NPV</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>ABBVIE INC COM USD NPV</title>
        <cusip>00287Y109</cusip>
        <identifiers>
          <ticker value="ABBV"/>
          <other otherDesc="Internal Identifier" value="537642"/>
        </identifiers>
        <balance>455350.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34479102.00000000</valUSD>
        <pctVal>0.215229878814</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TYLER TECHNOLOGIES INC COM USD1</name>
        <lei>N/A</lei>
        <title>TYLER TECHNOLOGIES INC COM USD1</title>
        <cusip>902252105</cusip>
        <identifiers>
          <ticker value="TYL"/>
          <other otherDesc="Internal Identifier" value="238040"/>
        </identifiers>
        <balance>173232.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45473400.00000000</valUSD>
        <pctVal>0.283859897838</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Linde PLC ORD USD 0.001</name>
        <lei>8945002PAZHZLBGKGF02</lei>
        <title>Linde PLC ORD USD 0.001</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00BZ12WP82"/>
          <other otherDesc="Internal Identifier" value="939976"/>
        </identifiers>
        <balance>569187.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110262905.64000000</valUSD>
        <pctVal>0.688297271160</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INGERSOLL-RAND PLC ORD USD1</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>INGERSOLL-RAND PLC ORD USD1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="IE00B6330302"/>
          <other otherDesc="Internal Identifier" value="226223"/>
        </identifiers>
        <balance>1088879.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>134160781.59000000</valUSD>
        <pctVal>0.837475661730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</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>2019-10-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
