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        <title>Haemonetics Corp.</title>
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      <invstOrSec>
        <name>Lattice Semiconductor Corp.</name>
        <lei>549300LRBBPZDQ2II567</lei>
        <title>Lattice Semiconductor Corp.</title>
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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>Integer Holdings Corp.</name>
        <lei>549300SUD2ED5XG6X569</lei>
        <title>Integer Holdings Corp.</title>
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          <isin value="US45826H1095"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Merus NV</name>
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        <invCountry>NL</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Oddity Tech Ltd.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <isin value="IL0011974909"/>
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        <invCountry>IL</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Benchling, Inc.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="1170979"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Insmed, Inc.</name>
        <lei>529900Q55QAG41CCAC11</lei>
        <title>Insmed, Inc.</title>
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          <isin value="US4576693075"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dyne Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Dyne Therapeutics, Inc.</title>
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          <isin value="US26818M1080"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CryoPort, Inc.</name>
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          <isin value="US2290503075"/>
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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>Kura Oncology, Inc.</name>
        <lei>5493005QORQTZCZYOP39</lei>
        <title>Kura Oncology, Inc.</title>
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          <isin value="US50127T1097"/>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Checkr, Inc.</name>
        <lei>N/A</lei>
        <title>Checkr, Inc., Series E</title>
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          <other otherDesc="Inhouse Asset ID" value="1160603"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freshpet, Inc.</name>
        <lei>549300S4ZK8ZQ6HNPN59</lei>
        <title>Freshpet, Inc.</title>
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          <isin value="US3580391056"/>
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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>Pliant Therapeutics, Inc.</name>
        <lei>5493002Q5LITR7VHZH02</lei>
        <title>Pliant Therapeutics, Inc.</title>
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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>Allegiant Travel Co.</name>
        <lei>549300JM9OZXOHWL2K18</lei>
        <title>Allegiant Travel Co.</title>
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          <isin value="US01748X1028"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tula eTechnology, Inc.</name>
        <lei>N/A</lei>
        <title>Tula eTechnology, Inc.</title>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>1661, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>Confluent, Inc.</name>
        <lei>254900MRZ83YWUV7SN74</lei>
        <title>Confluent, Inc., Class A</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Intra-Cellular Therapies, Inc.</name>
        <lei>5299002U2KGF193IJA20</lei>
        <title>Intra-Cellular Therapies, Inc.</title>
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        <name>Repay Holdings Corp.</name>
        <lei>2549006EJ42T73ZKUI98</lei>
        <title>Repay Holdings Corp., Class A</title>
        <cusip>76029L100</cusip>
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      <invstOrSec>
        <name>Wheels Up Experience, Inc.</name>
        <lei>N/A</lei>
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        <assetCat>EC</assetCat>
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        <name>ClearMotion, Inc.</name>
        <lei>254900AOZNAIGTQZCA74</lei>
        <title>ClearMotion, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>Steven Madden Ltd.</name>
        <lei>549300Z9GZ7GYJWSGF43</lei>
        <title>Steven Madden Ltd.</title>
        <cusip>556269108</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>RBC Bearings, Inc.</name>
        <lei>N/A</lei>
        <title>RBC Bearings, Inc.</title>
        <cusip>75524B104</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Viavi Solutions, Inc.</name>
        <lei>5493006K3E3N1QOBF092</lei>
        <title>Viavi Solutions, Inc.</title>
        <cusip>925550105</cusip>
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        <name>Twist Bioscience Corp.</name>
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        <name>HealthEquity, Inc.</name>
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        <name>Centessa Pharmaceuticals plc</name>
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        <name>Cullinan Therapeutics, Inc.</name>
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        <name>Freshworks, Inc.</name>
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        <name>ZoomInfo Technologies, Inc.</name>
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        <name>Performance Food Group Co.</name>
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        <name>Wheels Up Experience, Inc.</name>
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        <name>Red Rock Resorts, Inc.</name>
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        <name>CS Disco, Inc.</name>
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        <name>Loar Holdings, Inc.</name>
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        <name>ClearMotion, Inc.</name>
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        <name>AAON, Inc.</name>
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        <name>Herc Holdings, Inc.</name>
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        <title>Herc Holdings, Inc.</title>
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        <name>Simply Good Foods Co. (The)</name>
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        <name>Alaska Air Group, Inc.</name>
        <lei>529900G48RT4KWLC6C27</lei>
        <title>Alaska Air Group, Inc.</title>
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        <name>BWX Technologies, Inc.</name>
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      <invstOrSec>
        <name>CG oncology, Inc.</name>
        <lei>N/A</lei>
        <title>CG oncology, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Couchbase, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cava Group, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Neogen Corp.</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AAR Corp.</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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          <isCashCollateral>N</isCashCollateral>
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        <name>Syndax Pharmaceuticals, Inc.</name>
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        <title>Syndax Pharmaceuticals, Inc.</title>
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          <isin value="US87164F1057"/>
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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>SPS Commerce, Inc.</name>
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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>Vaxcyte, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Procore Technologies, Inc.</name>
        <lei>5493005PTWY0RHYRAH22</lei>
        <title>Procore 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>Ascendis Pharma A/S</name>
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          <isin value="US04351P1012"/>
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        <invCountry>DK</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tula eTechnology, Inc.</name>
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        <name>Ceribell, Inc.</name>
        <lei>N/A</lei>
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        <name>Pebblebrook Hotel Trust</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Monday.com Ltd.</name>
        <lei>984500MDAFVD86E3B328</lei>
        <title>Monday.com Ltd.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Onestream, Inc.</name>
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        <name>BellRing Brands, Inc.</name>
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        <name>Matador Resources Co.</name>
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        <title>Matador Resources Co.</title>
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        <name>Pulmonx Corp.</name>
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        <name>Silicon Laboratories, Inc.</name>
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        <name>Smule, Inc.</name>
        <lei>N/A</lei>
        <title>Smule, Inc., Series G</title>
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        <name>Flywire Corp.</name>
        <lei>54930055DSV7NNY4VY66</lei>
        <title>Flywire Corp.</title>
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      <invstOrSec>
        <name>Structure Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Structure Therapeutics, Inc.</title>
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        <assetCat>EC</assetCat>
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        <invCountry>KY</invCountry>

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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Evercore, Inc.</name>
        <lei>529900P6KLPT95DW3W58</lei>
        <title>Evercore, Inc., Class A</title>
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          <isin value="US29977A1051"/>
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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>Revance Therapeutics, Inc.</name>
        <lei>549300N33TFDZHS81H11</lei>
        <title>Revance Therapeutics, Inc.</title>
        <cusip>761330109</cusip>
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          <isin value="US7613301099"/>
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        <balance>1020863.00000000</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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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Rexford Industrial Realty, Inc.</name>
        <lei>549300MSLO0DF0EMX355</lei>
        <title>Rexford Industrial Realty, Inc.</title>
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          <isin value="US76169C1009"/>
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        <balance>582415.00000000</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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      <invstOrSec>
        <name>Bridge Investment Group Holdings, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US10806B1008"/>
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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>Wingstop, Inc.</name>
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        <title>Wingstop, Inc.</title>
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          <isin value="US9741551033"/>
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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>Houlihan Lokey, Inc.</name>
        <lei>549300S3CNGTQ1QZVY46</lei>
        <title>Houlihan Lokey, Inc., Class A</title>
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          <isin value="US4415931009"/>
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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>Beacon Roofing Supply, Inc.</name>
        <lei>549300HDXQWWCBOYXP31</lei>
        <title>Beacon Roofing Supply, Inc.</title>
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          <isin value="US0736851090"/>
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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>Vontier Corp.</name>
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        <title>Vontier Corp.</title>
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          <isin value="US9288811014"/>
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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>Chinook Therapeutics, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US169CVR0169"/>
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        <balance>410500.00000000</balance>
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        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>M/I Homes, Inc.</name>
        <lei>5299005M71FH9CCSFB69</lei>
        <title>M/I Homes, Inc.</title>
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          <isin value="US55305B1017"/>
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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>Western Alliance Bancorp</name>
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        <title>Western Alliance Bancorp</title>
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          <isin value="US9576381092"/>
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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>Figs, Inc.</name>
        <lei>N/A</lei>
        <title>Figs, Inc., Class A</title>
        <cusip>30260D103</cusip>
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          <isin value="US30260D1037"/>
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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>Smule, Inc.</name>
        <lei>N/A</lei>
        <title>Smule, Inc., Series H</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="806683"/>
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        <balance>352675.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Acumen Pharmaceuticals, Inc.</name>
        <lei>N/A</lei>
        <title>Acumen Pharmaceuticals, Inc.</title>
        <cusip>00509G209</cusip>
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          <isin value="US00509G2093"/>
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        <balance>896191.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Institutional Fiduciary Trust Money Market Portfolio</name>
        <lei>N/A</lei>
        <title>Institutional Fiduciary Trust Money Market Portfolio</title>
        <cusip>8611239C3</cusip>
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          <isin value="US4577565009"/>
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        <balance>810650.00000000</balance>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Boot Barn Holdings, Inc.</name>
        <lei>529900QE1BFMYA3N4E71</lei>
        <title>Boot Barn Holdings, Inc.</title>
        <cusip>099406100</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>EyePoint Pharmaceuticals, Inc.</name>
        <lei>549300QE1RU34T50MR69</lei>
        <title>EyePoint Pharmaceuticals, Inc.</title>
        <cusip>30233G209</cusip>
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      <invstOrSec>
        <name>OneTrust LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Onto Innovation, Inc.</name>
        <lei>254900RXZVN73CHOO062</lei>
        <title>Onto Innovation, Inc.</title>
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        <name>Hims &amp; Hers Health, Inc.</name>
        <lei>549300ZQ4ZUYSAAX6P59</lei>
        <title>Hims &amp; Hers Health, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Legalzoom.com, Inc.</name>
        <lei>5493000L8EBF74Y9JZ48</lei>
        <title>Legalzoom.com, Inc.</title>
        <cusip>52466B103</cusip>
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        <fairValLevel>1</fairValLevel>
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        <name>Paycor HCM, Inc.</name>
        <lei>N/A</lei>
        <title>Paycor HCM, Inc.</title>
        <cusip>70435P102</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ClearMotion, Inc.</name>
        <lei>254900AOZNAIGTQZCA74</lei>
        <title>ClearMotion, Inc., Series A-3</title>
        <cusip>N/A</cusip>
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        <balance>1037942.00000000</balance>
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        <valUSD>128114.22000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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        <name>Newsela, Inc.</name>
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      <invstOrSec>
        <name>NeoGenomics, Inc.</name>
        <lei>N/A</lei>
        <title>NeoGenomics, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Inspire Medical Systems, Inc.</name>
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        <title>Inspire Medical Systems, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Lithia Motors, Inc.</name>
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          <isin value="US5367971034"/>
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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>Privia Health Group, Inc.</name>
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        <title>Privia Health Group, Inc.</title>
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          <isin value="US74276R1023"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Inari Medical, Inc.</name>
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          <isin value="US45332Y1091"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Arcosa, Inc.</name>
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          <isin value="US0396531008"/>
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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>LiveRamp Holdings, Inc.</name>
        <lei>254900GXS75LG1X7RF88</lei>
        <title>LiveRamp Holdings, Inc.</title>
        <cusip>53815P108</cusip>
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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>Granite Construction, Inc.</name>
        <lei>549300OM4BWMCIXVCZ39</lei>
        <title>Granite Construction, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Paymentus Holdings, Inc.</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Optoro, Inc.</name>
        <lei>N/A</lei>
        <title>Optoro, Inc., Series E</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Asset ID" value="918032"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>SiTime Corp.</name>
        <lei>N/A</lei>
        <title>SiTime Corp.</title>
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          <isin value="US82982T1060"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Nerdy, Inc.</name>
        <lei>N/A</lei>
        <title>Nerdy, Inc.</title>
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        <name>Structure Therapeutics, Inc.</name>
        <lei>N/A</lei>
        <title>Structure Therapeutics, Inc.</title>
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        <invCountry>KY</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Institutional Fiduciary Trust - Money Market Portfolio</name>
        <lei>549300M4TP89K77LG374</lei>
        <title>Institutional Fiduciary Trust - Money Market Portfolio</title>
        <cusip>457756500</cusip>
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          <isin value="US4577565009"/>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <name>Texas Roadhouse, Inc.</name>
        <lei>5299002Y1CNRPDGXTQ75</lei>
        <title>Texas Roadhouse, Inc., Class A</title>
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        <name>American Eagle Outfitters, Inc.</name>
        <lei>5299001Z9HXK01DHW793</lei>
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        <name>ServiceTitan, Inc.</name>
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        <name>BigCommerce Holdings, Inc.</name>
        <lei>549300MOVEFQ78DMPG58</lei>
        <title>BigCommerce Holdings, Inc., Series 1</title>
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        <name>New York Times Co. (The)</name>
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        <name>Liberty Energy, Inc.</name>
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        <name>Phreesia, Inc.</name>
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        <title>Phreesia, Inc.</title>
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        <name>Alkami Technology, Inc.</name>
        <lei>N/A</lei>
        <title>Alkami Technology, Inc.</title>
        <cusip>01644J108</cusip>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tri Pointe Homes, Inc.</name>
        <lei>N/A</lei>
        <title>Tri Pointe Homes, Inc.</title>
        <cusip>87265H109</cusip>
        <identifiers>
          <isin value="US87265H1095"/>
          <other otherDesc="Inhouse Asset ID" value="541004"/>
        </identifiers>
        <balance>585880.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23687128.40000000</valUSD>
        <pctVal>0.858390371859</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>Kratos Defense &amp; Security Solutions, Inc.</name>
        <lei>5493000EKBN0UY1F3F88</lei>
        <title>Kratos Defense &amp; Security Solutions, Inc.</title>
        <cusip>50077B207</cusip>
        <identifiers>
          <isin value="US50077B2079"/>
          <other otherDesc="Inhouse Asset ID" value="178574"/>
        </identifiers>
        <balance>1687578.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38341772.16000000</valUSD>
        <pctVal>1.389455382956</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>Flock Group, Inc.</name>
        <lei>N/A</lei>
        <title>Flock Group, Inc., Series G</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1337870"/>
        </identifiers>
        <balance>98754.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13927374.39000000</valUSD>
        <pctVal>0.504709725880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Smule, Inc.</name>
        <lei>N/A</lei>
        <title>Smule, Inc., Series J</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1225860"/>
        </identifiers>
        <balance>162712.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2310829.48000000</valUSD>
        <pctVal>0.083741420367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</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>2024-12-02</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Strategic Series</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
