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          <ccc>XXXXXXXX</ccc>
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      <regStreet1>One Franklin Parkway</regStreet1>
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      <regZipOrPostalCode>94403-1906</regZipOrPostalCode>
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      <seriesName>Franklin VolSmart Allocation VIP Fund</seriesName>
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      <repPdEnd>2020-12-31</repPdEnd>
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      <invstOrSec>
        <name>PPL CORP COM USD.01</name>
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      <invstOrSec>
        <name>FSS-FRANKLIN STRATEGIC INCOME FUND OEMF USD NPV CL R6 TIS A/C 4194</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AMERICAN NATIONAL INSURANCE CO COM USD1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>WALGREENS BOOTS ALLIANCE INC COM USD.01</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <isRestrictedSec>N</isRestrictedSec>

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        <isRestrictedSec>N</isRestrictedSec>

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        <name>KIMCO REALTY CORP REAL ESTATE INVESTMENT TRUST USD0.01</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>KIMBERLY-CLARK CORP COM USD1.25</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>FLOWERS FOODS INC COM USD.01</name>
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        <name>CARTER'S INC COM USD.01</name>
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        <name>PHILIP MORRIS INTERNATIONAL INC COM USD NPV</name>
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        <name>IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO</name>
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      <invstOrSec>
        <name>KAR AUCTION SERVICES INC COM USD NPV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>CARNIVAL CORP ORD USD1 (PAIRED TRUST SHARES)</name>
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        <isRestrictedSec>N</isRestrictedSec>

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

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        <name>VALVOLINE INC COM USD.01</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>COLGATE-PALMOLIVE CO COM USD1</name>
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        <name>FIST-FRANKLIN LOW DURATION TOTAL RETURN FUND OEMF USD NPV CL R6 TIS A/C#4991</name>
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        <name>NORFOLK SOUTHERN CORP COM USD1</name>
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        <name>LEGGETT &amp; PLATT INC COM NPV</name>
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        <name>PREMIER INC COM USD NPV CL A</name>
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        <name>PERRIGO CO PLC ORD USD.001</name>
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        <name>METTLER-TOLEDO INTERNATIONAL INC COM USD.01</name>
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        <name>NEXTERA ENERGY INC COM USD.01</name>
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        <title>NEXTERA ENERGY INC COM USD.01</title>
        <cusip>65339F101</cusip>
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          <ticker value="NEE"/>
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        <balance>2385.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>572805.45000000</valUSD>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>LEAR CORP COM USD NPV</name>
        <lei>549300UPNBTXA1SYTQ33</lei>
        <title>LEAR CORP COM USD NPV</title>
        <cusip>521865204</cusip>
        <identifiers>
          <ticker value="LEA"/>
          <other otherDesc="Internal Identifier" value="457503"/>
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        <balance>698.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76095.96000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GARMIN LTD ORD USD 10</name>
        <lei>2549001E0HIPIJQ0W046</lei>
        <title>GARMIN LTD ORD USD 10</title>
        <cusip>H2906T109</cusip>
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          <ticker value="GRMN"/>
          <other otherDesc="Internal Identifier" value="210193"/>
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        <balance>1560.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>152100.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>GENERAL DYNAMICS CORP COM USD1</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
        <title>GENERAL DYNAMICS CORP COM USD1</title>
        <cusip>369550108</cusip>
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          <ticker value="GD"/>
          <other otherDesc="Internal Identifier" value="575"/>
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        <balance>5600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>836976.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AMC NETWORKS INC COM USD NPV CL A</name>
        <lei>549300VGG9K75226LR46</lei>
        <title>AMC NETWORKS INC COM USD NPV CL A</title>
        <cusip>00164V103</cusip>
        <identifiers>
          <ticker value="AMCX"/>
          <other otherDesc="Internal Identifier" value="496267"/>
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        <balance>493.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11531.27000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS TOOL WORKS INC COM NPV</name>
        <lei>76NA4I14SZCFAYMNSV04</lei>
        <title>ILLINOIS TOOL WORKS INC COM NPV</title>
        <cusip>452308109</cusip>
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          <ticker value="ITW"/>
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        <balance>1807.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>315953.95000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NVR INC COM USD0.01</name>
        <lei>529900RWXR4JI3JYTV70</lei>
        <title>NVR INC COM USD0.01</title>
        <cusip>62944T105</cusip>
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          <ticker value="NVR"/>
          <other otherDesc="Internal Identifier" value="26358"/>
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        <balance>33.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>107538.75000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC SERVICE ENTERPRISE GROUP INC COM NPV</name>
        <lei>PUSS41EMO3E6XXNV3U28</lei>
        <title>PUBLIC SERVICE ENTERPRISE GROUP INC COM NPV</title>
        <cusip>744573106</cusip>
        <identifiers>
          <ticker value="PEG"/>
          <other otherDesc="Internal Identifier" value="22764"/>
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        <balance>5958.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>292895.28000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>XCEL ENERGY INC COM USD2.5</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>XCEL ENERGY INC COM USD2.5</title>
        <cusip>98389B100</cusip>
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          <ticker value="XEL"/>
          <other otherDesc="Internal Identifier" value="911"/>
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        <balance>1478.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>92375.00000000</valUSD>
        <pctVal>0.053241502356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>UNITEDHEALTH GROUP INC COM USD0.01</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UNITEDHEALTH GROUP INC COM USD0.01</title>
        <cusip>91324P102</cusip>
        <identifiers>
          <ticker value="UNH"/>
          <other otherDesc="Internal Identifier" value="12365"/>
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        <balance>2400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>707880.00000000</valUSD>
        <pctVal>0.407995612318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>LYONDELLBASELL INDUSTRIES NV ORD USD.04 CL A</name>
        <lei>BN6WCCZ8OVP3ITUUVN49</lei>
        <title>LYONDELLBASELL INDUSTRIES NV ORD USD.04 CL A</title>
        <cusip>N53745100</cusip>
        <identifiers>
          <ticker value="LYB"/>
          <other otherDesc="Internal Identifier" value="482394"/>
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        <balance>4067.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>267283.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AT&amp;T INC COM USD1</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC COM USD1</title>
        <cusip>00206R102</cusip>
        <identifiers>
          <ticker value="T"/>
          <other otherDesc="Internal Identifier" value="1918"/>
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        <balance>15126.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>457258.98000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MATCH GROUP INC COM USD.001</name>
        <lei>549300BIJKT86CPCKK96</lei>
        <title>MATCH GROUP INC COM USD.001</title>
        <cusip>57665R106</cusip>
        <identifiers>
          <ticker value="MTCH"/>
          <other otherDesc="Internal Identifier" value="617317"/>
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        <balance>575.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>61553.75000000</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>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHEMED CORP COM USD1</name>
        <lei>54930020031IDJT2IM79</lei>
        <title>CHEMED CORP COM USD1</title>
        <cusip>16359R103</cusip>
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          <ticker value="CHE"/>
          <other otherDesc="Internal Identifier" value="29583"/>
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        <balance>155.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69915.85000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASSURED GUARANTY LTD ORD USD1</name>
        <lei>N/A</lei>
        <title>ASSURED GUARANTY LTD ORD USD1</title>
        <cusip>G0585R106</cusip>
        <identifiers>
          <ticker value="AGO"/>
          <other otherDesc="Internal Identifier" value="303519"/>
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        <assetCat>EC</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WALMART INC COM USD0.1</name>
        <lei>Y87794H0US1R65VBXU25</lei>
        <title>WALMART INC COM USD0.1</title>
        <cusip>931142103</cusip>
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          <ticker value="WMT"/>
          <other otherDesc="Internal Identifier" value="1352"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Otis Worldwide Corp COM USD 0.01</name>
        <lei>549300ZLBKR8VSU25153</lei>
        <title>Otis Worldwide Corp COM USD 0.01</title>
        <cusip>68902V107</cusip>
        <identifiers>
          <ticker value="OTIS"/>
          <other otherDesc="Internal Identifier" value="1057514"/>
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        <balance>4200.00000000</balance>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LENNOX INTERNATIONAL INC COM USD.01</name>
        <lei>S7DWAC87RDMPBF77GJ92</lei>
        <title>LENNOX INTERNATIONAL INC COM USD.01</title>
        <cusip>526107107</cusip>
        <identifiers>
          <ticker value="LII"/>
          <other otherDesc="Internal Identifier" value="63068"/>
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        <balance>207.00000000</balance>
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        <valUSD>48228.93000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>TARGET CORP COM USD.0833</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>TARGET CORP COM USD.0833</title>
        <cusip>87612E106</cusip>
        <identifiers>
          <ticker value="TGT"/>
          <other otherDesc="Internal Identifier" value="434"/>
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        <balance>13659.00000000</balance>
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        <valUSD>1638123.87000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SIX FLAGS ENTERTAINMENT CORP COM USD NPV</name>
        <lei>549300JYTDUAA4JQ3717</lei>
        <title>SIX FLAGS ENTERTAINMENT CORP COM USD NPV</title>
        <cusip>83001A102</cusip>
        <identifiers>
          <ticker value="SIX"/>
          <other otherDesc="Internal Identifier" value="483381"/>
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        <balance>698.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13408.58000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INTUIT INC COM USD.01</name>
        <lei>VI90HBPH7XSFMB9E4M29</lei>
        <title>INTUIT INC COM USD.01</title>
        <cusip>461202103</cusip>
        <identifiers>
          <ticker value="INTU"/>
          <other otherDesc="Internal Identifier" value="29934"/>
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        <balance>2137.00000000</balance>
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        <valUSD>632958.03000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RELIANCE STEEL &amp; ALUMINUM CO COM NPV</name>
        <lei>549300E287ZOFT3C5Z56</lei>
        <title>RELIANCE STEEL &amp; ALUMINUM CO COM NPV</title>
        <cusip>759509102</cusip>
        <identifiers>
          <ticker value="RS"/>
          <other otherDesc="Internal Identifier" value="40388"/>
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        <balance>288.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27339.84000000</valUSD>
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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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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ulta Beauty Inc COM USD 1</name>
        <lei>529900CIV6HN8M28YM82</lei>
        <title>Ulta Beauty Inc COM USD 1</title>
        <cusip>90384S303</cusip>
        <identifiers>
          <ticker value="ULTA"/>
          <other otherDesc="Internal Identifier" value="800785"/>
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        <balance>741.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>150734.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      </invstOrSec>
      <invstOrSec>
        <name>FCF-FRANKLIN INCOME FUND OEMF USD NPV CL R6 TIS A/C# 4309</name>
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          <ticker value="FNCFX"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WILLIAMS-SONOMA INC COM USD.01</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ABBVIE INC COM USD NPV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PULTEGROUP INC COM USD.01</name>
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        <name>CAPRI HOLDINGS LTD ORD USD NPV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>FACTSET RESEARCH SYSTEMS INC COM USD.01</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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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>UNITED PARCEL SERVICE INC COM B USD.01</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FOOT LOCKER INC COM USD.01</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Franklin Liberty U.S. Core Bond ETF ETF USD NPV TIS A/C# 28565</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DOMINION ENERGY INC COM USD NPV</name>
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        <name>GAMING AND LEISURE PROPERTIES INC REIT USD NPV</name>
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        <lei>254900CUQXQRL09MEI52</lei>
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        <lei>QTX3D84DZDD5JYOCYH15</lei>
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        <name>LAS VEGAS SANDS CORP COM USD1</name>
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        <name>PENTAIR PLC ORD USD.01</name>
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        <name>LOWE'S COMPANIES INC COM USD.5</name>
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        <name>NU SKIN ENTERPRISES INC COM USD.001</name>
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        <name>OMEGA HEALTHCARE INVESTORS INC REAL ESTATE INVESTMENT TRUST USD.1</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>EXELIXIS INC COM USD.001</name>
        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VISA INC COM USD NPV CL A</name>
        <lei>549300JZ4OKEHW3DPJ59</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>AUTOZONE INC COM USD0.01</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ROSS STORES INC COM USD.01</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>NIKE INC COM B NPV</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PAYCHEX INC COM USD.01</name>
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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>MONSTER BEVERAGE CORP COM USD NPV</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>S&amp;P GLOBAL INC COM USD1</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ASPEN TECHNOLOGY INC COM USD.1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BECTON DICKINSON AND CO COM USD1</name>
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        <name>CONOCOPHILLIPS COM USD.01</name>
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        <name>AMERICAN TOWER CORP REIT USD0.01</name>
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        <name>NORDSTROM INC COM NPV</name>
        <lei>549300S3IZB5P35KNV16</lei>
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        <name>URBAN OUTFITTERS INC COM USD.0001</name>
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        <name>WATSCO INC COM USD.5</name>
        <lei>549300F1Y3LN5BX5WN75</lei>
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        <name>STEEL DYNAMICS INC COM USD.005</name>
        <lei>549300HGGKEL4FYTTQ83</lei>
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        <name>LAZARD LTD ORD USD.01 CL A</name>
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        <name>Fidelity National Financial Inc COM USD.0001</name>
        <lei>549300CAZYIH39SYQ287</lei>
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        <name>CELANESE CORP COM USD .0001</name>
        <lei>549300FHJQTDPPN41627</lei>
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        <name>IDEXX LABORATORIES INC COM USD.1</name>
        <lei>OGMTXK0LUU1HKV2P0J84</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SYSCO CORP COM USD1</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>MSCI INC COM USD.01</name>
        <lei>549300HTIN2PD78UB763</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EXPEDITORS INTERNATIONAL OF WASHINGTON INC COM USD0.01</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CH ROBINSON WORLDWIDE INC COM USD.1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STATE STREET CORP COM USD1</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ANALOG DEVICES INC COM USD.167</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <isRestrictedSec>N</isRestrictedSec>

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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CHOICE HOTELS INTERNATIONAL INC COM USD.01</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <isRestrictedSec>N</isRestrictedSec>

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        <name>H&amp;R BLOCK INC COM NPV</name>
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        <lei>549300LJNVY5SW3VTN33</lei>
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        <lei>OZE6KXY9QQPR8EJ8WL20</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>MATTHEWS INTL CORP COM USD1 CLASS A</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>ECOLAB INC COM USD1</name>
        <lei>82DYEISM090VG8LTLS26</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HAWAIIAN ELECTRIC INDUSTRIES INC COM NPV</name>
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          <ticker value="HE"/>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COPART INC COM USD NPV</name>
        <lei>549300KVYX3JWMYEHU61</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MOODY'S CORP COM USD1</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ROCKWELL AUTOMATION INC COM NPV</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GAP INC COM USD.05</name>
        <lei>T2ZG1WRWZ4BUCMQL9224</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>GENTEX CORP COM USD.06</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SEI INVESTMENTS CO COM USD.01</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MACY'S INC COM USD0.01</name>
        <lei>529900NZQ81TIOW3CW52</lei>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ROBERT HALF INTERNATIONAL INC COM USD.001</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>TEXAS INSTRUMENTS INC COM USD1</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
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        <cusip>882508104</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>T ROWE PRICE GROUP INC COM USD.20</name>
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        <name>SPROUTS FARMERS MARKET INC COM USD.001</name>
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        <name>DELTA AIR LINES INC COM USD NPV</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
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        <name>3M CO COM USD.01</name>
        <lei>LUZQVYP4VS22CLWDAR65</lei>
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        <name>CABLE ONE INC COM USD.01</name>
        <lei>549300648QS85T0XSH18</lei>
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        <name>LOCKHEED MARTIN CORP COM USD1</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
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        <name>REGENERON PHARMACEUTICALS INC COM USD.001</name>
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        <name>WEST PHARMACEUTICAL SERVICES INC COM USD.25</name>
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        <name>CINTAS CORP COM NPV</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>CISCO SYSTEMS INC COM USD NPV</name>
        <lei>8E6NF1YAL0WT6CWXXV93</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>MASCO CORP COM USD1</name>
        <lei>5GCSNMQXHEYA1JO8QN11</lei>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DOLLAR GENERAL CORP COM USD.875</name>
        <lei>OPX52SQVOZI8IVSWYU66</lei>
        <title>DOLLAR GENERAL CORP COM USD.875</title>
        <cusip>256677105</cusip>
        <identifiers>
          <ticker value="DG"/>
          <other otherDesc="Internal Identifier" value="456924"/>
        </identifiers>
        <balance>2505.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>477227.55000000</valUSD>
        <pctVal>0.275056148609</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>OMNICOM GROUP INC COM USD.15</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
        <title>OMNICOM GROUP INC COM USD.15</title>
        <cusip>681919106</cusip>
        <identifiers>
          <ticker value="OMC"/>
          <other otherDesc="Internal Identifier" value="30128"/>
        </identifiers>
        <balance>2424.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>132350.40000000</valUSD>
        <pctVal>0.076281830943</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>MOTOROLA SOLUTIONS INC COM USD.01</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>MOTOROLA SOLUTIONS INC COM USD.01</title>
        <cusip>620076307</cusip>
        <identifiers>
          <ticker value="MSI"/>
          <other otherDesc="Internal Identifier" value="5042"/>
        </identifiers>
        <balance>1684.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>235978.92000000</valUSD>
        <pctVal>0.136009442221</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>KELLOGG CO COM USD.25</name>
        <lei>LONOZNOJYIBXOHXWDB86</lei>
        <title>KELLOGG CO COM USD.25</title>
        <cusip>487836108</cusip>
        <identifiers>
          <ticker value="K"/>
          <other otherDesc="Internal Identifier" value="31184"/>
        </identifiers>
        <balance>1601.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>105762.06000000</valUSD>
        <pctVal>0.060957304104</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>Raytheon Technologies Corp COM USD1</name>
        <lei>I07WOS4YJ0N7YRFE7309</lei>
        <title>Raytheon Technologies Corp COM USD1</title>
        <cusip>75513E101</cusip>
        <identifiers>
          <ticker value="RTX"/>
          <other otherDesc="Internal Identifier" value="4842"/>
        </identifiers>
        <balance>23489.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1447392.18000000</valUSD>
        <pctVal>0.834222832605</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>POOL CORP COM USD.001</name>
        <lei>5493005VZK1KMN6CO617</lei>
        <title>POOL CORP COM USD.001</title>
        <cusip>73278L105</cusip>
        <identifiers>
          <ticker value="POOL"/>
          <other otherDesc="Internal Identifier" value="204435"/>
        </identifiers>
        <balance>495.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>134575.65000000</valUSD>
        <pctVal>0.077564381992</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>WHIRLPOOL CORP COM USD1</name>
        <lei>WHENKOULSSK7WUM60H03</lei>
        <title>WHIRLPOOL CORP COM USD1</title>
        <cusip>963320106</cusip>
        <identifiers>
          <ticker value="WHR"/>
          <other otherDesc="Internal Identifier" value="11049"/>
        </identifiers>
        <balance>205.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26553.65000000</valUSD>
        <pctVal>0.015304532817</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>MFA FINANCIAL INC REIT USD.01</name>
        <lei>YW72IMH2RRC8Z1TGLG58</lei>
        <title>MFA FINANCIAL INC REIT USD.01</title>
        <cusip>55272X102</cusip>
        <identifiers>
          <ticker value="MFA"/>
          <other otherDesc="Internal Identifier" value="234040"/>
        </identifiers>
        <balance>1317.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3279.33000000</valUSD>
        <pctVal>0.001890083419</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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-07-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Robert Kubilis</ncom:nameOfApplicant>
      <ncom:signature>Robert Kubilis</ncom:signature>
      <ncom:signerName>Robert Kubilis</ncom:signerName>
      <ncom:title>Chief Financial Officer, Chief Accounting Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
