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      <invstOrSec>
        <name>United Therapeutics Corp.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Walmart, Inc.</name>
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        <title>Walmart, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Ingredion, Inc.</name>
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        <name>Interactive Brokers Group, Inc.</name>
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        <name>CRH plc</name>
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        <name>Waste Management, Inc.</name>
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        <name>Amphenol Corp.</name>
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        <name>NVIDIA Corp.</name>
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        <name>Amazon.com, Inc.</name>
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        <name>Carlisle Cos., Inc.</name>
        <lei>XR64VGX1ZPX6G7ZN7Z11</lei>
        <title>Carlisle Cos., Inc.</title>
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        <name>Essex Property Trust, Inc.</name>
        <lei>549300TR2H2VEFX0NC60</lei>
        <title>Essex Property Trust, Inc.</title>
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        <name>nVent Electric plc</name>
        <lei>N/A</lei>
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        <name>Hilton Worldwide Holdings, Inc.</name>
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        <title>Hilton Worldwide Holdings, Inc.</title>
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        <name>NVR, Inc.</name>
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        <name>Doximity, Inc.</name>
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        <name>Curtiss-Wright Corp.</name>
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        <title>Curtiss-Wright Corp.</title>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>Waters Corp.</name>
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        <title>Waters Corp.</title>
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        <name>Eli Lilly &amp; Co.</name>
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        <invCountry>US</invCountry>
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        <name>Danaher Corp.</name>
        <lei>S4BKK9OTCEWQ3YHPFM11</lei>
        <title>Danaher Corp.</title>
        <cusip>235851102</cusip>
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        <invCountry>US</invCountry>
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        <name>Stryker Corp.</name>
        <lei>5493002F0SC4JTBU5137</lei>
        <title>Stryker Corp.</title>
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        <invCountry>US</invCountry>
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        <name>Howmet Aerospace, Inc.</name>
        <lei>549300HO5WFZUT5N2T22</lei>
        <title>Howmet Aerospace, Inc.</title>
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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>Alphabet, Inc.</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet, Inc., Class C</title>
        <cusip>02079K107</cusip>
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        <name>Medpace Holdings, Inc.</name>
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        <name>Premier, Inc.</name>
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        <name>Owens Corning</name>
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        <name>International Business Machines Corp.</name>
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        <name>ResMed, Inc.</name>
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        <name>Moody's Corp.</name>
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        <name>Fiserv, Inc.</name>
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        <name>Devon Energy Corp.</name>
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        <name>Texas Pacific Land Corp.</name>
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        <name>Franklin Income VIP Fund</name>
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        <name>Fox Corp.</name>
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        <name>Fair Isaac Corp.</name>
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        <name>Ross Stores, Inc.</name>
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        <name>UGI Corp.</name>
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        <title>UGI Corp.</title>
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        <name>Snap-on, Inc.</name>
        <lei>HHWAT5TDOYZMM26KKQ73</lei>
        <title>Snap-on, Inc.</title>
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      <invstOrSec>
        <name>Spotify Technology SA</name>
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        <name>Kroger Co. (The)</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>MGIC Investment Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Johnson &amp; Johnson</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Mastercard, Inc.</name>
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        <name>AT&amp;T, Inc.</name>
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        <name>Tesla, Inc.</name>
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        <name>Atmos Energy Corp.</name>
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        <name>Becton Dickinson &amp; Co.</name>
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        <name>Arista Networks, Inc.</name>
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        <name>Grand Canyon Education, Inc.</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>Simon Property Group, Inc.</name>
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        <name>Hewlett Packard Enterprise Co.</name>
        <lei>549300BX44RGX6ANDV88</lei>
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        <name>Steel Dynamics, Inc.</name>
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        <name>Omega Healthcare Investors, Inc.</name>
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        <name>Johnson Controls International plc</name>
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        <name>McCormick &amp; Co., Inc.</name>
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        <name>Exelixis, Inc.</name>
        <lei>254900PJQB59O2O95R37</lei>
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        <name>Skyworks Solutions, Inc.</name>
        <lei>549300WZ3ORQ2BVKBD96</lei>
        <title>Skyworks Solutions, Inc.</title>
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        <name>Globus Medical, Inc.</name>
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      <invstOrSec>
        <name>Lincoln National Corp.</name>
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        <name>Putnam Core Bond Fund</name>
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        <name>Cincinnati Financial Corp.</name>
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        <name>WW Grainger, Inc.</name>
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        <name>Genpact Ltd.</name>
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        <name>Acuity Brands, Inc.</name>
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        <name>Pilgrim's Pride Corp.</name>
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        <name>Altria Group, Inc.</name>
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        <name>NewMarket Corp.</name>
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        <name>Lennox International, Inc.</name>
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        <name>General Dynamics Corp.</name>
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        <name>Ralph Lauren Corp.</name>
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        <name>Sherwin-Williams Co. (The)</name>
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      <invstOrSec>
        <name>Royal Gold, Inc.</name>
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        <name>Williams-Sonoma, Inc.</name>
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      <invstOrSec>
        <name>Encompass Health Corp.</name>
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      <invstOrSec>
        <name>APA Corp.</name>
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        <title>APA Corp.</title>
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        <name>AAON, Inc.</name>
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        <name>Nasdaq, Inc.</name>
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        <name>Rollins, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Fox Corp.</name>
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        <name>Broadcom, Inc.</name>
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        <name>Roper Technologies, Inc.</name>
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        <name>Kilroy Realty Corp.</name>
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        <title>Kilroy Realty Corp.</title>
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        <name>Amdocs Ltd.</name>
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        <name>Abbott Laboratories</name>
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        <name>International Paper Co.</name>
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        <name>Meta Platforms, Inc.</name>
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        <name>MDU Resources Group, Inc.</name>
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        <name>Costco Wholesale Corp.</name>
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        <name>Aon plc</name>
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        <name>Philip Morris International, Inc.</name>
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        <name>Chemed Corp.</name>
        <lei>54930020031IDJT2IM79</lei>
        <title>Chemed Corp.</title>
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      <invstOrSec>
        <name>Realty Income Corp.</name>
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        <name>Palantir Technologies, Inc.</name>
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        <name>GoDaddy, Inc.</name>
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        <name>Fortinet, Inc.</name>
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        <name>Motorola Solutions, Inc.</name>
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        <name>Public Service Enterprise Group, Inc.</name>
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      <invstOrSec>
        <name>Tenet Healthcare Corp.</name>
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        <name>Cisco Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BellRing Brands, Inc.</name>
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        <title>BellRing Brands, Inc.</title>
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      <invstOrSec>
        <name>Travel + Leisure Co.</name>
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        <title>Travel + Leisure Co.</title>
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        <name>PepsiCo, Inc.</name>
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        <name>Corning, Inc.</name>
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        <title>Corning, Inc.</title>
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        <name>Coca-Cola Consolidated, Inc.</name>
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        <name>Casey's General Stores, Inc.</name>
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        <name>Cognizant Technology Solutions Corp.</name>
        <lei>5493006IEVQEFQO40L83</lei>
        <title>Cognizant Technology Solutions Corp., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>JPMorgan Chase &amp; Co.</name>
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        <name>JB Hunt Transport Services, Inc.</name>
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        <name>Berkshire Hathaway, Inc.</name>
        <lei>5493000C01ZX7D35SD85</lei>
        <title>Berkshire Hathaway, Inc., Class B</title>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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        <name>T-Mobile US, Inc.</name>
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        <name>Evercore, Inc.</name>
        <lei>529900P6KLPT95DW3W58</lei>
        <title>Evercore, Inc., Class A</title>
        <cusip>29977A105</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>HP, Inc.</name>
        <lei>WHKXQACZ14C5XRO8LW03</lei>
        <title>HP, Inc.</title>
        <cusip>40434L105</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>Vertex Pharmaceuticals, Inc.</name>
        <lei>54930015RAQRRZ5ZGJ91</lei>
        <title>Vertex Pharmaceuticals, Inc.</title>
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        <name>Lowe's Cos., Inc.</name>
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      <invstOrSec>
        <name>Analog Devices, Inc.</name>
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        <name>Colgate-Palmolive Co.</name>
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        <name>Applied Materials, Inc.</name>
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        <name>Chevron Corp.</name>
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        <name>Cigna Group (The)</name>
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        <name>F5, Inc.</name>
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        <name>Target Corp.</name>
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        <name>Delta Air Lines, Inc.</name>
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        <name>Erie Indemnity Co.</name>
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        <name>Houlihan Lokey, Inc.</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>Southern Copper Corp.</name>
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        <name>Viper Energy, Inc.</name>
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        <name>Lennar Corp.</name>
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        <name>Organon &amp; Co.</name>
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        <name>Franklin U.S. Core Bond ETF</name>
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        <name>Janus Henderson Group plc</name>
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        <name>SS&amp;C Technologies Holdings, Inc.</name>
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        <name>TJX Cos., Inc. (The)</name>
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      <invstOrSec>
        <name>West Pharmaceutical Services, Inc.</name>
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        <name>AvalonBay Communities, Inc.</name>
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        <name>VICI Properties, Inc.</name>
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        <name>Procter &amp; Gamble Co. (The)</name>
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        <name>Domino's Pizza, Inc.</name>
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        <name>Dick's Sporting Goods, Inc.</name>
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        <name>Western Union Co. (The)</name>
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        <name>Verizon Communications, Inc.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>NNN REIT, Inc.</name>
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        <name>Kellanova</name>
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        <name>Microsoft Corp.</name>
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        <name>Comfort Systems USA, Inc.</name>
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        <name>Quest Diagnostics, Inc.</name>
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        <name>Armstrong World Industries, Inc.</name>
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        <name>Public Storage</name>
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        <name>Avnet, Inc.</name>
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        <name>Kimberly-Clark Corp.</name>
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        <name>NIKE, Inc.</name>
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        <name>Murphy USA, Inc.</name>
        <lei>549300Y081F8XIKQIO72</lei>
        <title>Murphy USA, Inc.</title>
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        <name>Bank of New York Mellon Corp. (The)</name>
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      <invstOrSec>
        <name>3M Co.</name>
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        <name>Tapestry, Inc.</name>
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        <name>Honeywell International, Inc.</name>
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        <name>SEI Investments Co.</name>
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        <name>RTX Corp.</name>
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        <name>STERIS plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>HCA Healthcare, Inc.</name>
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        <name>Unum Group</name>
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      <invstOrSec>
        <name>Ecolab, Inc.</name>
        <lei>82DYEISM090VG8LTLS26</lei>
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      <invstOrSec>
        <name>Masco Corp.</name>
        <lei>5GCSNMQXHEYA1JO8QN11</lei>
        <title>Masco Corp.</title>
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      <invstOrSec>
        <name>Intuitive Surgical, Inc.</name>
        <lei>54930052SRG011710797</lei>
        <title>Intuitive Surgical, Inc.</title>
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        <balance>1270.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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        <name>Mondelez International, Inc.</name>
        <lei>549300DV9GIB88LZ5P30</lei>
        <title>Mondelez International, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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        <name>AbbVie, Inc.</name>
        <lei>FR5LCKFTG8054YNNRU85</lei>
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        <name>Omnicom Group, Inc.</name>
        <lei>HKUPACFHSSASQK8HLS17</lei>
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        <name>PACCAR, Inc.</name>
        <lei>KDTEY8BWE486IKZ3CC07</lei>
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        <name>Booking Holdings, Inc.</name>
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        <name>NetApp, Inc.</name>
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        <name>United Rentals, Inc.</name>
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        <name>Tractor Supply Co.</name>
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        <title>Tractor Supply Co.</title>
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        <name>Allison Transmission Holdings, Inc.</name>
        <lei>529900RP7DJ882LI9T83</lei>
        <title>Allison Transmission Holdings, Inc.</title>
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        <name>EOG Resources, Inc.</name>
        <lei>XWTZDRYZPBUHIQBKDB46</lei>
        <title>EOG Resources, Inc.</title>
        <cusip>26875P101</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Gilead Sciences, Inc.</name>
        <lei>549300WTZWR07K8MNV44</lei>
        <title>Gilead Sciences, Inc.</title>
        <cusip>375558103</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>DocuSign, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UnitedHealth Group, 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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      <invstOrSec>
        <name>General Motors Co.</name>
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        <title>General Motors Co.</title>
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          <isin value="US37045V1008"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CACI International, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>O'Reilly Automotive, Inc.</name>
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        <title>O'Reilly Automotive, Inc.</title>
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          <isin value="US67103H1077"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dover Corp.</name>
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        <title>Dover Corp.</title>
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        <name>Visa, Inc.</name>
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        <name>Parker-Hannifin Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Illinois Tool Works, Inc.</name>
        <lei>76NA4I14SZCFAYMNSV04</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Highwoods Properties, Inc.</name>
        <lei>ZIIGTYKL9T0X3HLTDX53</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>McDonald's Corp.</name>
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        <title>McDonald's Corp.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Institutional Fiduciary Trust - Money Market Portfolio</name>
        <lei>549300M4TP89K77LG374</lei>
        <title>Institutional Fiduciary Trust - Money Market Portfolio</title>
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          <isin value="US4577565009"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Texas Roadhouse, Inc.</name>
        <lei>5299002Y1CNRPDGXTQ75</lei>
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        <name>Leidos Holdings, Inc.</name>
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        </securityLending>
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        <name>DT Midstream, Inc.</name>
        <lei>N/A</lei>
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        <name>Accenture plc</name>
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        <name>Targa Resources Corp.</name>
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        <name>Lennar Corp.</name>
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        <name>PulteGroup, Inc.</name>
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        <name>DaVita, Inc.</name>
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        <name>Fastenal Co.</name>
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        <title>Fastenal Co.</title>
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        <name>Entergy Corp.</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
        <title>Entergy Corp.</title>
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        <name>FMC Corp.</name>
        <lei>CKDHZ2X64EEBQCSP7013</lei>
        <title>FMC Corp.</title>
        <cusip>302491303</cusip>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Civitas Resources, Inc.</name>
        <lei>IIVIHPH28S64K95M2381</lei>
        <title>Civitas Resources, Inc.</title>
        <cusip>17888H103</cusip>
        <identifiers>
          <isin value="US17888H1032"/>
          <other otherDesc="Inhouse Asset ID" value="806883"/>
        </identifiers>
        <balance>913.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41879.31000000</valUSD>
        <pctVal>0.029784373713</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>QUALCOMM, Inc.</name>
        <lei>H1J8DDZKZP6H7RWC0H53</lei>
        <title>QUALCOMM, Inc.</title>
        <cusip>747525103</cusip>
        <identifiers>
          <isin value="US7475251036"/>
          <other otherDesc="Inhouse Asset ID" value="30205"/>
        </identifiers>
        <balance>4138.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>635679.56000000</valUSD>
        <pctVal>0.452092395435</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>Toast, Inc.</name>
        <lei>549300TN1PZNLCD4I551</lei>
        <title>Toast, Inc., Class A</title>
        <cusip>888787108</cusip>
        <identifiers>
          <isin value="US8887871080"/>
          <other otherDesc="Inhouse Asset ID" value="1165810"/>
        </identifiers>
        <balance>1239.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45161.55000000</valUSD>
        <pctVal>0.032118687788</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>M&amp;T Bank Corp.</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M&amp;T Bank Corp.</title>
        <cusip>55261F104</cusip>
        <identifiers>
          <isin value="US55261F1049"/>
          <other otherDesc="Inhouse Asset ID" value="29762"/>
        </identifiers>
        <balance>281.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52830.81000000</valUSD>
        <pctVal>0.037573030420</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>Lockheed Martin Corp.</name>
        <lei>DPRBOZP0K5RM2YE8UU08</lei>
        <title>Lockheed Martin Corp.</title>
        <cusip>539830109</cusip>
        <identifiers>
          <isin value="US5398301094"/>
          <other otherDesc="Inhouse Asset ID" value="31735"/>
        </identifiers>
        <balance>570.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>276985.80000000</valUSD>
        <pctVal>0.196991034010</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>Citizens Financial Group, Inc.</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>Citizens Financial Group, Inc.</title>
        <cusip>174610105</cusip>
        <identifiers>
          <isin value="US1746101054"/>
          <other otherDesc="Inhouse Asset ID" value="585839"/>
        </identifiers>
        <balance>1571.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68746.96000000</valUSD>
        <pctVal>0.048892523499</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>Eastman Chemical Co.</name>
        <lei>FDPVHDGJ1IQZFK9KH630</lei>
        <title>Eastman Chemical Co.</title>
        <cusip>277432100</cusip>
        <identifiers>
          <isin value="US2774321002"/>
          <other otherDesc="Inhouse Asset ID" value="25187"/>
        </identifiers>
        <balance>557.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50865.24000000</valUSD>
        <pctVal>0.036175126027</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>Packaging Corp. of America</name>
        <lei>549300XZP8MFZFY8TJ84</lei>
        <title>Packaging Corp. of America</title>
        <cusip>695156109</cusip>
        <identifiers>
          <isin value="US6951561090"/>
          <other otherDesc="Inhouse Asset ID" value="182106"/>
        </identifiers>
        <balance>344.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>77444.72000000</valUSD>
        <pctVal>0.055078330627</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>EMCOR Group, Inc.</name>
        <lei>529900X0SQJB2J7YDU43</lei>
        <title>EMCOR Group, Inc.</title>
        <cusip>29084Q100</cusip>
        <identifiers>
          <isin value="US29084Q1004"/>
          <other otherDesc="Inhouse Asset ID" value="32911"/>
        </identifiers>
        <balance>164.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>74439.60000000</valUSD>
        <pctVal>0.052941103028</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>Texas Instruments, Inc.</name>
        <lei>WDJNR2L6D8RWOEB8T652</lei>
        <title>Texas Instruments, Inc.</title>
        <cusip>882508104</cusip>
        <identifiers>
          <isin value="US8825081040"/>
          <other otherDesc="Inhouse Asset ID" value="5041"/>
        </identifiers>
        <balance>8543.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1601897.93000000</valUSD>
        <pctVal>1.139262480638</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>Iron Mountain, Inc.</name>
        <lei>SQL3F6CKNNBM3SQGHX24</lei>
        <title>Iron Mountain, Inc.</title>
        <cusip>46284V101</cusip>
        <identifiers>
          <isin value="US46284V1017"/>
          <other otherDesc="Inhouse Asset ID" value="595896"/>
        </identifiers>
        <balance>984.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>103428.24000000</valUSD>
        <pctVal>0.073557691200</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>Garmin Ltd.</name>
        <lei>2549001E0HIPIJQ0W046</lei>
        <title>Garmin Ltd.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CH0114405324"/>
          <other otherDesc="Inhouse Asset ID" value="210193"/>
        </identifiers>
        <balance>655.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>135100.30000000</valUSD>
        <pctVal>0.096082715403</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DR Horton, Inc.</name>
        <lei>529900ZIUEYVSB8QDD25</lei>
        <title>DR Horton, Inc.</title>
        <cusip>23331A109</cusip>
        <identifiers>
          <isin value="US23331A1097"/>
          <other otherDesc="Inhouse Asset ID" value="29652"/>
        </identifiers>
        <balance>1280.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>178969.60000000</valUSD>
        <pctVal>0.127282360902</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>National Fuel Gas Co.</name>
        <lei>8JB38FFW1Y3C1HM8E841</lei>
        <title>National Fuel Gas Co.</title>
        <cusip>636180101</cusip>
        <identifiers>
          <isin value="US6361801011"/>
          <other otherDesc="Inhouse Asset ID" value="30080"/>
        </identifiers>
        <balance>910.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55218.80000000</valUSD>
        <pctVal>0.039271357985</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>H&amp;R Block, Inc.</name>
        <lei>549300CE3KUCWLZBG404</lei>
        <title>H&amp;R Block, Inc.</title>
        <cusip>093671105</cusip>
        <identifiers>
          <isin value="US0936711052"/>
          <other otherDesc="Inhouse Asset ID" value="34911"/>
        </identifiers>
        <balance>857.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45283.88000000</valUSD>
        <pctVal>0.032205688324</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>Jefferies Financial Group, Inc.</name>
        <lei>549300HOF34RGOJ5YL07</lei>
        <title>Jefferies Financial Group, Inc.</title>
        <cusip>47233W109</cusip>
        <identifiers>
          <isin value="US47233W1099"/>
          <other otherDesc="Inhouse Asset ID" value="29974"/>
        </identifiers>
        <balance>899.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70481.60000000</valUSD>
        <pctVal>0.050126191532</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>Lazard, Inc.</name>
        <lei>254900RIBCDJSUFG1A11</lei>
        <title>Lazard, Inc.</title>
        <cusip>52110M109</cusip>
        <identifiers>
          <isin value="US52110M1099"/>
          <other otherDesc="Inhouse Asset ID" value="334247"/>
        </identifiers>
        <balance>944.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48597.12000000</valUSD>
        <pctVal>0.034562049457</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>eBay, Inc.</name>
        <lei>OML71K8X303XQONU6T67</lei>
        <title>eBay, Inc.</title>
        <cusip>278642103</cusip>
        <identifiers>
          <isin value="US2786421030"/>
          <other otherDesc="Inhouse Asset ID" value="56971"/>
        </identifiers>
        <balance>1731.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>107235.45000000</valUSD>
        <pctVal>0.076265361538</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>Cintas Corp.</name>
        <lei>N/A</lei>
        <title>Cintas Corp.</title>
        <cusip>172908105</cusip>
        <identifiers>
          <isin value="US1729081059"/>
          <other otherDesc="Inhouse Asset ID" value="29592"/>
        </identifiers>
        <balance>4168.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>761493.60000000</valUSD>
        <pctVal>0.541570765202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Linde plc</name>
        <lei>5299003QR1WT0EF88V51</lei>
        <title>Linde plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE000S9YS762"/>
          <other otherDesc="Inhouse Asset ID" value="1239901"/>
        </identifiers>
        <balance>2410.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1008994.70000000</valUSD>
        <pctVal>0.717592415437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Best Buy Co., Inc.</name>
        <lei>HL5XPTVRV0O8TUN5LL90</lei>
        <title>Best Buy Co., Inc.</title>
        <cusip>086516101</cusip>
        <identifiers>
          <isin value="US0865161014"/>
          <other otherDesc="Inhouse Asset ID" value="25598"/>
        </identifiers>
        <balance>735.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>63063.00000000</valUSD>
        <pctVal>0.044850117146</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>2025-01-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Templeton Variable Insurance Products Trust</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
