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        <name>State Street Corp.</name>
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        <name>Expeditors International of Washington, Inc.</name>
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        <name>Amdocs Ltd.</name>
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        <name>Toro Co. (The)</name>
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        <name>MSC Industrial Direct Co., Inc.</name>
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        <name>Exelixis, Inc.</name>
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        <name>Texas Instruments, Inc.</name>
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        <name>Visa, Inc.</name>
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        <name>American Electric Power Co., Inc.</name>
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        <name>Sonoco Products Co.</name>
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        <name>KLA Corp.</name>
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        <name>Oracle Corp.</name>
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      <invstOrSec>
        <name>Newmont Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>McCormick &amp; Co., Inc.</name>
        <lei>549300JQQA6MQ4OJP259</lei>
        <title>McCormick &amp; Co., Inc.</title>
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          <isin value="US5797802064"/>
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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>Brown-Forman Corp.</name>
        <lei>549300873K3LXF7ARU34</lei>
        <title>Brown-Forman Corp., Class B</title>
        <cusip>115637209</cusip>
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          <isin value="US1156372096"/>
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        <balance>860.00000000</balance>
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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>
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      <invstOrSec>
        <name>Cirrus Logic, Inc.</name>
        <lei>549300NKSJEM5ZZSSV18</lei>
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          <isin value="US1727551004"/>
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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>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Darden Restaurants, Inc.</name>
        <lei>CY1NFSCCB5GUXC7WZC70</lei>
        <title>Darden Restaurants, Inc.</title>
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          <isin value="US2371941053"/>
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        <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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>Lockheed Martin Corp.</title>
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          <isin value="US5398301094"/>
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        <balance>1363.00000000</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>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Aspen Technology, Inc.</name>
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        <title>Aspen Technology, Inc.</title>
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          <isin value="US0453271035"/>
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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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        <name>Vertex Pharmaceuticals, Inc.</name>
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          <isin value="US92532F1003"/>
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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>Public Service Enterprise Group, Inc.</name>
        <lei>PUSS41EMO3E6XXNV3U28</lei>
        <title>Public Service Enterprise Group, Inc.</title>
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          <isin value="US7445731067"/>
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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>Activision Blizzard, Inc.</name>
        <lei>549300TPQQDBP9GNOF40</lei>
        <title>Activision Blizzard, Inc.</title>
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          <isin value="US00507V1098"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Celanese Corp.</name>
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        <title>Celanese Corp.</title>
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        <balance>769.00000000</balance>
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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>Kellogg Co.</name>
        <lei>LONOZNOJYIBXOHXWDB86</lei>
        <title>Kellogg Co.</title>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>nVent Electric plc</name>
        <lei>N/A</lei>
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        <balance>14200.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Snap-on, Inc.</name>
        <lei>HHWAT5TDOYZMM26KKQ73</lei>
        <title>Snap-on, Inc.</title>
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          <isin value="US8330341012"/>
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        <balance>427.00000000</balance>
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      <invstOrSec>
        <name>Moody's Corp.</name>
        <lei>549300GCEDD8YCF5WU84</lei>
        <title>Moody's Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>F5 Networks, Inc.</name>
        <lei>N/A</lei>
        <title>F5 Networks, Inc.</title>
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        <name>CoreSite Realty Corp.</name>
        <lei>549300H0YYORITFM2B74</lei>
        <title>CoreSite Realty Corp.</title>
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        <name>AutoZone, Inc.</name>
        <lei>GA3JGKJ41LJKXDN23E90</lei>
        <title>AutoZone, Inc.</title>
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        <name>Roper Technologies, Inc.</name>
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        <title>Roper Technologies, Inc.</title>
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        <name>Honeywell International, Inc.</name>
        <lei>ISRPG12PN4EIEOEMW547</lei>
        <title>Honeywell International, Inc.</title>
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        <name>Masco Corp.</name>
        <lei>5GCSNMQXHEYA1JO8QN11</lei>
        <title>Masco Corp.</title>
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        <name>Lam Research Corp.</name>
        <lei>549300I4GMO6D34U1T02</lei>
        <title>Lam Research Corp.</title>
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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>Premier, Inc.</name>
        <lei>N/A</lei>
        <title>Premier, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Atmos Energy Corp.</name>
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          <isin value="US0495601058"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AT&amp;T, Inc.</name>
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        <title>AT&amp;T, Inc.</title>
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          <isin value="US00206R1023"/>
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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>NVIDIA Corp.</name>
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        <title>NVIDIA Corp.</title>
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          <isin value="US67066G1040"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cisco Systems, Inc.</name>
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          <isin value="US17275R1023"/>
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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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        <name>Automatic Data Processing, Inc.</name>
        <lei>HGBOLILQXWER4SAL2I23</lei>
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          <isin value="US0530151036"/>
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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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        <name>Cabot Oil &amp; Gas Corp.</name>
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          <isin value="US1270971039"/>
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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>Fastenal Co.</name>
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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>Dollar General Corp.</name>
        <lei>OPX52SQVOZI8IVSWYU66</lei>
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          <isin value="US2566771059"/>
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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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        <name>Alphabet, Inc.</name>
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          <isin value="US02079K1079"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Generac Holdings, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Yum! Brands, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Williams-Sonoma, Inc.</name>
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        <valUSD>89626.04000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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        <name>Tyler Technologies, Inc.</name>
        <lei>N/A</lei>
        <title>Tyler Technologies, Inc.</title>
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        <name>Philip Morris International, Inc.</name>
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        <name>NVR, Inc.</name>
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        <name>Southern Co. (The)</name>
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        <name>Linde plc</name>
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        <name>Huntington Ingalls Industries, Inc.</name>
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        <name>American Tower Corp.</name>
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        <title>American Tower Corp.</title>
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        <name>Otis Worldwide Corp.</name>
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        <title>Otis Worldwide Corp.</title>
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        <name>Alliant Energy Corp.</name>
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        <title>Alliant Energy Corp.</title>
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        <invCountry>US</invCountry>
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        <name>LyondellBasell Industries NV</name>
        <lei>BN6WCCZ8OVP3ITUUVN49</lei>
        <title>LyondellBasell Industries NV, Class A</title>
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        <assetCat>EC</assetCat>
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        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Lowe's Cos., Inc.</name>
        <lei>WAFCR4OKGSC504WU3E95</lei>
        <title>Lowe's Cos., Inc.</title>
        <cusip>548661107</cusip>
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        <curCd>USD</curCd>
        <valUSD>1393224.00000000</valUSD>
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      <invstOrSec>
        <name>Abbott Laboratories</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NetApp, Inc.</name>
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        <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>Broadridge Financial Solutions, Inc.</name>
        <lei>N/A</lei>
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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>Xilinx, Inc.</name>
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        <title>Xilinx, Inc.</title>
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          <isin value="US9839191015"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <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>Allegion plc</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="IE00BFRT3W74"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EOG Resources, Inc.</name>
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          <isin value="US26875P1012"/>
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        <balance>5130.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <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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        <name>Air Products and Chemicals, Inc.</name>
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          <isin value="US0091581068"/>
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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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        <name>Landstar System, Inc.</name>
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          <isin value="US5150981018"/>
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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>Mettler-Toledo International, Inc.</name>
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          <isin value="US5926881054"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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        <name>Eli Lilly and Co.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Tractor Supply Co.</name>
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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>Cerner Corp.</name>
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        <title>Cerner Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Grand Canyon Education, Inc.</name>
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        <name>ABIOMED, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Target Corp.</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>Target Corp.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Garmin Ltd.</name>
        <lei>2549001E0HIPIJQ0W046</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>CH</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>MSCI, Inc.</name>
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        <invCountry>US</invCountry>
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        <name>Ecolab, Inc.</name>
        <lei>82DYEISM090VG8LTLS26</lei>
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        <name>Hershey Co. (The)</name>
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        <name>Booking Holdings, Inc.</name>
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        <name>TJX Cos., Inc. (The)</name>
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      <invstOrSec>
        <name>Nordstrom, Inc.</name>
        <lei>549300S3IZB5P35KNV16</lei>
        <title>Nordstrom, Inc.</title>
        <cusip>655664100</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>Ulta Beauty, Inc.</name>
        <lei>529900CIV6HN8M28YM82</lei>
        <title>Ulta Beauty, Inc.</title>
        <cusip>90384S303</cusip>
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        <valUSD>146482.92000000</valUSD>
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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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        <name>Simon Property Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Facebook, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Evercore, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Progressive Corp. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Las Vegas Sands Corp.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Union Pacific Corp.</name>
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        <title>Union Pacific Corp.</title>
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        <name>Clorox Co. (The)</name>
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        <name>Intuit, Inc.</name>
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      <invstOrSec>
        <name>Avery Dennison Corp.</name>
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        <title>Avery Dennison Corp.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Procter &amp; Gamble Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Public Storage</name>
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        <title>Public Storage</title>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Jefferies Financial Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HP, Inc.</name>
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        <name>Allison Transmission Holdings, Inc.</name>
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        <name>Lululemon Athletica, Inc.</name>
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        <name>Eversource Energy</name>
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        <name>O'Reilly Automotive, Inc.</name>
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        <name>3M Co.</name>
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        <name>Franklin Strategic Income Fund</name>
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        <name>Kroger Co. (The)</name>
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        <name>Aflac, Inc.</name>
        <lei>549300N0B7DOGLXWPP39</lei>
        <title>Aflac, Inc.</title>
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        <name>Xerox Holdings Corp.</name>
        <lei>5493000Y33XDVO2CXC18</lei>
        <title>Xerox Holdings Corp.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>NIKE, Inc.</name>
        <lei>787RXPR0UX0O0XUXPZ81</lei>
        <title>NIKE, Inc., Class B</title>
        <cusip>654106103</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Brown-Forman Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Apple, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Accenture plc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chevron Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>American National Group, Inc.</name>
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      <invstOrSec>
        <name>Ameren Corp.</name>
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        <name>Gap, Inc. (The)</name>
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      <invstOrSec>
        <name>Campbell Soup Co.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dover Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Biogen, Inc.</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Applied Materials, Inc.</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>Applied Materials, Inc.</title>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
        <lei>UE2136O97NLB5BYP9H04</lei>
        <title>McDonald's Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Carlisle Cos., Inc.</name>
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        <name>Regeneron Pharmaceuticals, Inc.</name>
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        <name>Pfizer, Inc.</name>
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        <name>Ubiquiti, Inc.</name>
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        <name>GrafTech International Ltd.</name>
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        <name>NewMarket Corp.</name>
        <lei>54930082CG88ERDREQ47</lei>
        <title>NewMarket Corp.</title>
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        <name>Emerson Electric Co.</name>
        <lei>FGLT0EWZSUIRRITFOA30</lei>
        <title>Emerson Electric Co.</title>
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        <name>Verisk Analytics, Inc.</name>
        <lei>549300I1YSWNIRKBWP67</lei>
        <title>Verisk Analytics, Inc.</title>
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        <name>Amgen, Inc.</name>
        <lei>62QBXGPJ34PQ72Z12S66</lei>
        <title>Amgen, Inc.</title>
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        <name>PepsiCo, Inc.</name>
        <lei>FJSUNZKFNQ5YPJ5OT455</lei>
        <title>PepsiCo, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Estee Lauder Cos., Inc. (The)</name>
        <lei>549300VFZ8XJ9NUPU221</lei>
        <title>Estee Lauder Cos., Inc. (The), Class A</title>
        <cusip>518439104</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Gentex Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Dominion Energy, Inc.</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>EPR Properties</name>
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        <name>Interpublic Group of Cos., Inc. (The)</name>
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        <name>Copart, Inc.</name>
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        <name>Schneider National, Inc.</name>
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        <name>West Pharmaceutical Services, Inc.</name>
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        <name>Foot Locker, Inc.</name>
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        <name>Franklin Low Duration Total Return Fund</name>
        <lei>H1JJYRV86MLGMEZLFG42</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Packaging Corp. of America</name>
        <lei>549300XZP8MFZFY8TJ84</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>PACCAR, Inc.</name>
        <lei>KDTEY8BWE486IKZ3CC07</lei>
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        <name>Spirit Realty Capital, Inc.</name>
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        <name>Altria Group, Inc.</name>
        <lei>XSGZFLO9YTNO9VCQV219</lei>
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        <name>Sprouts Farmers Market, Inc.</name>
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        <name>General Mills, Inc.</name>
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        <name>Royal Gold, Inc.</name>
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        <name>Lincoln Electric Holdings, Inc.</name>
        <lei>BIMGBY40SIN95O01BN93</lei>
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        <name>Steel Dynamics, Inc.</name>
        <lei>549300HGGKEL4FYTTQ83</lei>
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        <name>Donaldson Co., Inc.</name>
        <lei>OZE6KXY9QQPR8EJ8WL20</lei>
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        <name>Adobe, Inc.</name>
        <lei>FU4LY2G4933NH2E1CP29</lei>
        <title>Adobe, Inc.</title>
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        <name>Home Depot, Inc. (The)</name>
        <lei>QEKMOTMBBKA8I816DO57</lei>
        <title>Home Depot, Inc. (The)</title>
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        <name>CVS Health Corp.</name>
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        <name>Costco Wholesale Corp.</name>
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        <name>Franklin Liberty U.S. Core Bond ETF</name>
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        <name>Fair Isaac Corp.</name>
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        <name>Hawaiian Electric Industries, Inc.</name>
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        <name>Electronic Arts, Inc.</name>
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        <name>ResMed, Inc.</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>T Rowe Price Group, Inc.</name>
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        <name>Cadence Design Systems, Inc.</name>
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        <name>Raytheon Technologies Corp.</name>
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        <name>N/A</name>
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        <name>VMware, Inc.</name>
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        <name>Rollins, Inc.</name>
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        <name>Equitable Holdings, Inc.</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>Equitable Holdings, Inc.</title>
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        <name>IAA, Inc.</name>
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        <name>Erie Indemnity Co.</name>
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        <name>Illinois Tool Works, Inc.</name>
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        <name>Church &amp; Dwight Co., Inc.</name>
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        <name>Horizon Therapeutics plc</name>
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        <name>H&amp;R Block, Inc.</name>
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        <name>Chemed Corp.</name>
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        <name>Realty Income Corp.</name>
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        <name>Best Buy Co., Inc.</name>
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        <name>Lennox International, Inc.</name>
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        <name>National Retail Properties, Inc.</name>
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        <name>Casey's General Stores, Inc.</name>
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        <name>Trex Co., Inc.</name>
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        <name>Hormel Foods Corp.</name>
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        <title>Hormel Foods Corp.</title>
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        <name>Kimberly-Clark Corp.</name>
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      <invstOrSec>
        <name>BWX Technologies, Inc.</name>
        <lei>549300NP85N265KWMS58</lei>
        <title>BWX Technologies, Inc.</title>
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          <isin value="US05605H1005"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Pentair plc</name>
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          <isin value="IE00BLS09M33"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WEC Energy Group, Inc.</name>
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          <isin value="US92939U1060"/>
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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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      <invstOrSec>
        <name>Ross Stores, Inc.</name>
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        <title>Ross Stores, Inc.</title>
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          <isin value="US7782961038"/>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PPL Corp.</name>
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          <isin value="US69351T1060"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WW Grainger, Inc.</name>
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          <isin value="US3848021040"/>
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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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        <name>Cummins, Inc.</name>
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          <isin value="US2310211063"/>
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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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        <name>DENTSPLY SIRONA, Inc.</name>
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          <isin value="US24906P1093"/>
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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>Monolithic Power Systems, Inc.</name>
        <lei>529900TB7O85LSZ1XU31</lei>
        <title>Monolithic Power Systems, Inc.</title>
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          <isin value="US6098391054"/>
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        <balance>115.00000000</balance>
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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>Jack Henry &amp; Associates, Inc.</name>
        <lei>529900X1QS8C54W0JB21</lei>
        <title>Jack Henry &amp; Associates, Inc.</title>
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          <isin value="US4262811015"/>
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        <balance>892.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>145030.28000000</valUSD>
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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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        <name>CH Robinson Worldwide, Inc.</name>
        <lei>529900WNWN5L0OVDHA79</lei>
        <title>CH Robinson Worldwide, Inc.</title>
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          <isin value="US12541W2098"/>
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        <balance>1647.00000000</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>
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      <invstOrSec>
        <name>Intel Corp.</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
        <title>Intel Corp.</title>
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          <isin value="US4581401001"/>
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        <balance>8413.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>435625.14000000</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>
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        <name>Medtronic plc</name>
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        <title>Medtronic plc</title>
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        <balance>16400.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1704288.00000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Motorola Solutions, Inc.</name>
        <lei>6S552MUG6KGJVEBSEC55</lei>
        <title>Motorola Solutions, Inc.</title>
        <cusip>620076307</cusip>
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        <balance>1704.00000000</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>
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        <name>Lazard Ltd.</name>
        <lei>254900RIBCDJSUFG1A11</lei>
        <title>Lazard Ltd., Class A</title>
        <cusip>N/A</cusip>
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        <balance>1246.00000000</balance>
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        <invCountry>BM</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Paychex, Inc.</name>
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        <name>Reliance Steel &amp; Aluminum Co.</name>
        <lei>549300E287ZOFT3C5Z56</lei>
        <title>Reliance Steel &amp; Aluminum Co.</title>
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          <isin value="US7595091023"/>
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        <name>General Dynamics Corp.</name>
        <lei>9C1X8XOOTYY2FNYTVH06</lei>
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        <name>Pool Corp.</name>
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        <title>Pool Corp.</title>
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        <name>Perrigo Co. plc</name>
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        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Northrop Grumman Corp.</name>
        <lei>RIMU48P07456QXSO0R61</lei>
        <title>Northrop Grumman Corp.</title>
        <cusip>666807102</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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      <invstOrSec>
        <name>WP Carey, Inc.</name>
        <lei>54930042CRNE713E3Q67</lei>
        <title>WP Carey, Inc.</title>
        <cusip>92936U109</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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      <invstOrSec>
        <name>UnitedHealth Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Comcast Corp.</name>
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          <isin value="US20030N1019"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cable One, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>NextEra Energy, Inc.</name>
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      <invstOrSec>
        <name>Johnson Controls International plc</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Starbucks Corp.</name>
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        <name>Invesco Ltd.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Humana, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Gaming and Leisure Properties, Inc.</name>
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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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        <name>Stryker Corp.</name>
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        <title>Stryker Corp.</title>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Kimco Realty Corp.</name>
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        <name>MarketAxess Holdings, Inc.</name>
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        <name>Becton Dickinson and Co.</name>
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        <invCountry>US</invCountry>
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        <name>Colgate-Palmolive Co.</name>
        <lei>YMEGZFW4SBUSS5BQXF88</lei>
        <title>Colgate-Palmolive Co.</title>
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        <name>Ciena Corp.</name>
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        <name>Rockwell Automation, Inc.</name>
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        <name>Alphabet, Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet, Inc., Class A</title>
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        <name>Huntsman Corp.</name>
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        <title>Huntsman Corp.</title>
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        <name>Match Group, Inc.</name>
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        <title>Match Group, Inc.</title>
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        <name>Watsco, Inc.</name>
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        <title>Watsco, Inc.</title>
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        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
        <title>AbbVie, Inc.</title>
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        <name>Akamai Technologies, Inc.</name>
        <lei>OC1LZNN2LF5WTJ5RIL89</lei>
        <title>Akamai Technologies, Inc.</title>
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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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        <name>Carter's, Inc.</name>
        <lei>5299003WAQK4R3L3ZU36</lei>
        <title>Carter's, Inc.</title>
        <cusip>146229109</cusip>
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        <balance>485.00000000</balance>
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        <valUSD>41991.30000000</valUSD>
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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>Albemarle Corp.</name>
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        <title>Albemarle Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STORE Capital Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Xcel Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Arista Networks, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Norfolk Southern Corp.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Mastercard, Inc.</name>
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        <name>Morningstar, Inc.</name>
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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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        <name>Fortinet, Inc.</name>
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        <title>Fortinet, Inc.</title>
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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>Nucor Corp.</name>
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        <title>Nucor Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Ingredion, Inc.</name>
        <lei>PKSTQ48QDN0XSVS7YK88</lei>
        <title>Ingredion, Inc.</title>
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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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        <name>Microsoft Corp.</name>
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        <title>Microsoft Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>QUALCOMM, Inc.</name>
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        <title>QUALCOMM, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>FTI Consulting, Inc.</name>
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        <name>Hanesbrands, Inc.</name>
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        <name>Maxim Integrated Products, Inc.</name>
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        <name>Zoetis, Inc.</name>
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        <name>Eastman Chemical Co.</name>
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        <title>Eastman Chemical Co.</title>
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        <name>JM Smucker Co. (The)</name>
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        <name>Booz Allen Hamilton Holding Corp.</name>
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        <name>Exxon Mobil Corp.</name>
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        <title>Exxon Mobil Corp.</title>
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        <name>Monster Beverage Corp.</name>
        <lei>52990090AP0E7HCB6F33</lei>
        <title>Monster Beverage Corp.</title>
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        <name>Boston Beer Co., Inc. (The)</name>
        <lei>529900Q02MQ0DCQNRM58</lei>
        <title>Boston Beer Co., Inc. (The), Class A</title>
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        <invCountry>US</invCountry>
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        <name>Walgreens Boots Alliance, Inc.</name>
        <lei>549300RPTUOIXG4LIH86</lei>
        <title>Walgreens Boots Alliance, Inc.</title>
        <cusip>931427108</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SEI Investments Co.</name>
        <lei>5LJTIFADGZ6XH1RVOC11</lei>
        <title>SEI Investments Co.</title>
        <cusip>784117103</cusip>
        <identifiers>
          <isin value="US7841171033"/>
          <other otherDesc="Inhouse Asset ID" value="203889"/>
        </identifiers>
        <balance>1165.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>59088.80000000</valUSD>
        <pctVal>0.031975310031</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>Merck &amp; Co., Inc.</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co., Inc.</title>
        <cusip>58933Y105</cusip>
        <identifiers>
          <isin value="US58933Y1055"/>
          <other otherDesc="Inhouse Asset ID" value="2049"/>
        </identifiers>
        <balance>6558.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>543986.10000000</valUSD>
        <pctVal>0.294372608693</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>N/A</name>
        <lei>N/A</lei>
        <title>ETRSI</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="696562"/>
        </identifiers>
        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-460.38000000</valUSD>
        <pctVal>-0.00024913000</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Swap" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <swapDeriv derivCat="SWP">
            <counterparties>
              <counterpartyName>BARCLAYS BANK PLC</counterpartyName>
              <counterpartyLei>G5GSEF7VJP5I7OUK5573</counterpartyLei>
            </counterparties>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>BEFSDVB1 Index</indexName>
                <indexIdentifier>N/A</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <swapFlag>Y</swapFlag>
            <floatingRecDesc curCd="USD" fixedOrFloating="Floating" floatingRtIndex="N/A" floatingRtSpread="0.00000000" pmntAmt="0.00000000">
              <rtResetTenors>
                <rtResetTenor rateTenor="Month" rateTenorUnit="0" resetDt="Month" resetDtUnit="0"/>
              </rtResetTenors>
            </floatingRecDesc>
            <fixedPmntDesc amount="0.00000000" curCd="USD" fixedOrFloating="Fixed" fixedRt="0.00000000"/>
            <terminationDt>2020-11-27</terminationDt>
            <upfrontPmnt>0.00000000</upfrontPmnt>
            <pmntCurCd>USD</pmntCurCd>
            <upfrontRcpt>0.00000000</upfrontRcpt>
            <rcptCurCd>USD</rcptCurCd>
            <notionalAmt>3500000.00000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-460.38000000</unrealizedAppr>
          </swapDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Evergy, Inc.</name>
        <lei>549300PGTHDQY6PSUI61</lei>
        <title>Evergy, Inc.</title>
        <cusip>30034W106</cusip>
        <identifiers>
          <isin value="US30034W1062"/>
          <other otherDesc="Inhouse Asset ID" value="876117"/>
        </identifiers>
        <balance>1744.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88630.08000000</valUSD>
        <pctVal>0.047961276691</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>Nu Skin Enterprises, Inc.</name>
        <lei>54930050DETB6CP71D38</lei>
        <title>Nu Skin Enterprises, Inc., Class A</title>
        <cusip>67018T105</cusip>
        <identifiers>
          <isin value="US67018T1051"/>
          <other otherDesc="Inhouse Asset ID" value="289495"/>
        </identifiers>
        <balance>546.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27349.14000000</valUSD>
        <pctVal>0.014799712138</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>A O Smith Corp.</name>
        <lei>549300XG4US7UJNECY36</lei>
        <title>A O Smith Corp.</title>
        <cusip>831865209</cusip>
        <identifiers>
          <isin value="US8318652091"/>
          <other otherDesc="Inhouse Asset ID" value="1119"/>
        </identifiers>
        <balance>341.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18004.80000000</valUSD>
        <pctVal>0.009743116496</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>2020-10-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Templeton Variable Insurance Products Trust</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>
  <documents>XXXX</documents>
</edgarSubmission>
