Not

FDIC

Insured

May

Lose

Value

No

Bank

Guarantee

FTF-Q1PH

1

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

2

Notes

to

Schedule

of

Investments

118

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited),

March

31,

2025

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

2

a

a

Country

Shares

a

Value

a

a

a

a

a

a

Common

Stocks

0.2%

Hotels,

Restaurants

&

Leisure

0.0%

†

a

24

Hour

Fitness

Worldwide,

Inc.

........................

United

States

24,950

$

1,060

Metals

&

Mining

0.0%

†

a

Petra

Diamonds

Ltd.

.................................

South

Africa

331,401

119,865

Oil,

Gas

&

Consumable

Fuels

0.1%

a

Amplify

Energy

Corp.

................................

United

States

281

1,051

Birch

Permian

Holdings,

Inc.

...........................

United

States

20,307

124,035

California

Resources

Corp.

............................

United

States

72

3,166

128,252

Pharmaceuticals

0.1%

a

Endo,

Inc.

.........................................

United

States

11,685

280,440

Software

0.0%

†

a,b

DSG

Topco,

Inc.

....................................

United

States

319

5,423

Specialty

Retail

0.0%

a,b

Party

City

Holdco,

Inc.

................................

United

States

10

—

Total

Common

Stocks

(Cost

$

2,286,169

)

.....................................

535,040

Preferred

Stocks

0.0%

†

Hotels,

Restaurants

&

Leisure

0.0%

†

a

24

Hour

Fitness

Worldwide,

Inc.

........................

United

States

59,089

6,056

a

Total

Preferred

Stocks

(Cost

$

79,741

)

........................................

6,056

Principal

Amount

*

Corporate

Bonds

57.8%

Aerospace

&

Defense

0.8%

c

Axon

Enterprise,

Inc.

,

Senior

Note

,

144A,

6.125

%

,

3/15/30

...................

United

States

300,000

303,517

Senior

Note

,

144A,

6.25

%

,

3/15/33

....................

United

States

250,000

253,197

c

Bombardier,

Inc.

,

Senior

Note

,

144A,

7

%

,

6/01/32

...........

Canada

675,000

672,924

c

Efesto

Bidco

SpA

Efesto

US

LLC

,

XR

,

Senior

Secured

Note

,

144A,

7.5

%

,

2/15/32

...............................

Italy

1,050,000

1,025,162

2,254,800

Automobile

Components

1.3%

c

Adient

Global

Holdings

Ltd.

,

d

Senior

Note

,

144A,

8.25

%

,

4/15/31

....................

United

States

600,000

582,070

Senior

Note

,

144A,

7.5

%

,

2/15/33

.....................

United

States

150,000

140,586

d

Senior

Secured

Note

,

144A,

7

%

,

4/15/28

................

United

States

150,000

150,434

c

,d

,e

Dornoch

Debt

Merger

Sub,

Inc.

,

Senior

Note

,

144A,

6.625

%

,

10/15/29

........................................

United

States

1,750,000

1,332,913

c

,f

IHO

Verwaltungs

GmbH

,

Senior

Secured

Note

,

144A,

PIK,

7.75

%

,

11/15/30

.........

Germany

400,000

394,524

Senior

Secured

Note

,

144A,

PIK,

8

%

,

11/15/32

...........

Germany

400,000

390,320

c

ZF

North

America

Capital,

Inc.

,

Senior

Note

,

144A,

6.75

%

,

4/23/30

.........................................

Germany

700,000

665,983

3,656,830

Automobiles

0.5%

c

,d

Jaguar

Land

Rover

Automotive

plc

,

Senior

Note

,

144A,

5.5

%

,

7/15/29

.........................................

United

Kingdom

1,300,000

1,268,155

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

3

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Biotechnology

0.4%

c

Emergent

BioSolutions,

Inc.

,

Senior

Note

,

144A,

3.875

%

,

8/15/28

United

States

900,000

$

628,009

c

Grifols

SA

,

Senior

Note

,

144A,

4.75

%

,

10/15/28

............

Spain

600,000

554,783

1,182,792

Broadline

Retail

0.7%

e

Nordstrom,

Inc.

,

Senior

Bond

,

4

%

,

3/15/27

................

United

States

1,000,000

964,852

c

Wayfair

LLC

,

Senior

Secured

Note

,

144A,

7.25

%

,

10/31/29

............

United

States

200,000

192,021

Senior

Secured

Note

,

144A,

7.75

%

,

9/15/30

.............

United

States

800,000

774,355

1,931,228

Building

Products

1.9%

c

,d

Camelot

Return

Merger

Sub,

Inc.

,

Senior

Secured

Note

,

144A,

8.75

%

,

8/01/28

...................................

United

States

500,000

412,505

c

,d

Cornerstone

Building

Brands,

Inc.

,

Senior

Note

,

144A,

6.125

%

,

1/15/29

.........................................

United

States

1,000,000

611,245

c

,d

EMRLD

Borrower

LP

/

Emerald

Co-Issuer,

Inc.

,

Senior

Secured

Note

,

144A,

6.625

%

,

12/15/30

........................

United

States

1,100,000

1,101,863

c

Miter

Brands

Acquisition

Holdco,

Inc.

/

MIWD

Borrower

LLC

,

Senior

Secured

Note

,

144A,

6.75

%

,

4/01/32

..............

United

States

500,000

495,876

c

Quikrete

Holdings,

Inc.

,

Senior

Note

,

144A,

6.75

%

,

3/01/33

....................

United

States

150,000

149,454

Senior

Secured

Note

,

144A,

6.375

%

,

3/01/32

............

United

States

300,000

302,150

c

,d

Smyrna

Ready

Mix

Concrete

LLC

,

Senior

Secured

Note

,

144A,

8.875

%

,

11/15/31

..................................

United

States

1,200,000

1,244,491

c

,d

Standard

Building

Solutions,

Inc.

,

Senior

Note

,

144A,

6.5

%

,

8/15/32

.........................................

United

States

900,000

900,772

5,218,356

Capital

Markets

0.5%

c

Jane

Street

Group

/

JSG

Finance,

Inc.

,

d

Senior

Secured

Note

,

144A,

4.5

%

,

11/15/29

.............

United

States

500,000

472,624

Senior

Secured

Note

,

144A,

6.125

%

,

11/01/32

...........

United

States

500,000

492,341

c

,d

StoneX

Group,

Inc.

,

Senior

Secured

Note

,

144A,

7.875

%

,

3/01/31

United

States

500,000

522,365

1,487,330

Chemicals

2.7%

b

,c

,f

,g

Anagram

Holdings

LLC

/

Anagram

International,

Inc.

,

Secured

Note

,

144A,

PIK,

10

%

,

8/15/26

........................

United

States

166,428

—

c

Avient

Corp.

,

Senior

Note

,

144A,

6.25

%

,

11/01/31

...........

United

States

300,000

297,432

c

Braskem

Idesa

SAPI

,

Senior

Secured

Bond

,

144A,

6.99

%

,

2/20/32

.........................................

Mexico

300,000

224,440

d

Celanese

US

Holdings

LLC

,

Senior

Note

,

6.58

%

,

7/15/29

.....

United

States

1,000,000

1,033,093

c

Cerdia

Finanz

GmbH

,

Senior

Secured

Note

,

144A,

9.375

%

,

10/03/31

........................................

Germany

500,000

512,805

c

Consolidated

Energy

Finance

SA

,

Senior

Note

,

144A,

5.625

%

,

10/15/28

........................................

Switzerland

600,000

516,657

c

,d

Element

Solutions,

Inc.

,

Senior

Note

,

144A,

3.875

%

,

9/01/28

...

United

States

200,000

188,468

c

,e

GPD

Cos.,

Inc.

,

Senior

Secured

Note

,

144A,

10.125

%

,

4/01/26

.

United

States

1,500,000

1,378,852

c

,d

Illuminate

Buyer

LLC

/

Illuminate

Holdings

IV,

Inc.

,

Senior

Note

,

144A,

9

%

,

7/01/28

.................................

United

States

1,000,000

995,088

c

,f

Kobe

US

Midco

2,

Inc.

,

Senior

Note

,

144A,

PIK,

9.25

%

,

11/01/26

United

States

231,525

198,951

c

,d

Rain

Carbon,

Inc.

,

Senior

Secured

Note

,

144A,

12.25

%

,

9/01/29

United

States

1,200,000

1,276,255

c

Rain

CII

Carbon

LLC

/

CII

Carbon

Corp.

,

Secured

Note

,

144A,

7.25

%

,

4/01/25

...................................

United

States

22,000

22,000

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

4

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Chemicals

(continued)

c

,e

Vibrantz

Technologies,

Inc.

,

Senior

Note

,

144A,

9

%

,

2/15/30

...

United

States

1,000,000

$

816,121

7,460,162

Commercial

Services

&

Supplies

2.3%

c

,d

Allied

Universal

Holdco

LLC

,

Senior

Secured

Note

,

144A,

7.875

%

,

2/15/31

...................................

United

States

1,200,000

1,216,284

c

,d

Enviri

Corp.

,

Senior

Note

,

144A,

5.75

%

,

7/31/27

............

United

States

1,400,000

1,338,485

c

,d

Prime

Security

Services

Borrower

LLC

/

Prime

Finance,

Inc.

,

Senior

Secured

Note

,

144A,

3.375

%

,

8/31/27

.............

United

States

600,000

569,076

c

,d

RR

Donnelley

&

Sons

Co.

,

Senior

Secured

Note

,

144A,

9.5

%

,

8/01/29

.........................................

United

States

1,125,000

1,115,455

c

Veritiv

Operating

Co.

,

Senior

Secured

Note

,

144A,

10.5

%

,

11/30/30

........................................

United

States

225,000

238,517

c

,d

VM

Consolidated,

Inc.

,

Senior

Note

,

144A,

5.5

%

,

4/15/29

.....

United

States

800,000

759,782

c

Waste

Pro

USA,

Inc.

,

Senior

Note

,

144A,

7

%

,

2/01/33

........

United

States

200,000

201,175

c

Wrangler

Holdco

Corp.

,

Senior

Note

,

144A,

6.625

%

,

4/01/32

...

Canada

700,000

713,409

6,152,183

Construction

&

Engineering

0.1%

c

Arcosa,

Inc.

,

d

Senior

Note

,

144A,

4.375

%

,

4/15/29

...................

United

States

300,000

282,434

Senior

Note

,

144A,

6.875

%

,

8/15/32

...................

United

States

100,000

101,465

383,899

Consumer

Finance

1.9%

c

Encore

Capital

Group,

Inc.

,

Senior

Secured

Note

,

144A,

9.25

%

,

4/01/29

.............

United

States

600,000

629,143

Senior

Secured

Note

,

144A,

8.5

%

,

5/15/30

..............

United

States

400,000

412,845

c

,d

FirstCash,

Inc.

,

Senior

Note

,

144A,

6.875

%

,

3/01/32

.........

United

States

1,100,000

1,115,073

c

Macquarie

Airfinance

Holdings

Ltd.

,

Senior

Note

,

144A,

6.5

%

,

3/26/31

.........................................

United

Kingdom

200,000

208,441

OneMain

Finance

Corp.

,

Senior

Bond

,

5.375

%

,

11/15/29

.......................

United

States

500,000

476,075

d

Senior

Note

,

9

%

,

1/15/29

...........................

United

States

1,000,000

1,050,171

c

,d

PROG

Holdings,

Inc.

,

Senior

Note

,

144A,

6

%

,

11/15/29

.......

United

States

1,400,000

1,293,848

5,185,596

Consumer

Staples

Distribution

&

Retail

0.3%

c

,d

US

Foods,

Inc.

,

Senior

Note

,

144A,

6.875

%

,

9/15/28

.........

United

States

700,000

717,900

Containers

&

Packaging

2.5%

c

,d

Ardagh

Metal

Packaging

Finance

USA

LLC

/

Ardagh

Metal

Packaging

Finance

plc

,

Senior

Note

,

144A,

4

%

,

9/01/29

.....

United

States

1,500,000

1,279,320

c

,e

Ardagh

Packaging

Finance

plc

/

Ardagh

Holdings

USA,

Inc.

,

Senior

Note

,

144A,

5.25

%

,

8/15/27

.....................

United

States

600,000

277,743

c

Clydesdale

Acquisition

Holdings,

Inc.

,

Senior

Secured

Note

,

144A,

6.75

%

,

4/15/32

...............................

United

States

1,000,000

1,007,728

d

Crown

Americas

LLC

/

Crown

Americas

Capital

Corp.

VI

,

Senior

Note

,

4.75

%

,

2/01/26

...............................

United

States

500,000

496,529

c

Intelligent

Packaging

Ltd.

Finco,

Inc.

/

Intelligent

Packaging

Ltd.

Co-Issuer

LLC

,

Senior

Secured

Note

,

144A,

6

%

,

9/15/28

....

Canada

325,000

316,506

c

,d

Mauser

Packaging

Solutions

Holding

Co.

,

Secured

Note

,

144A,

9.25

%

,

4/15/27

...................................

United

States

1,500,000

1,416,785

c

Pactiv

Evergreen

Group

Issuer

LLC

/

Pactiv

Evergreen

Group

Issuer,

Inc.

,

Senior

Secured

Note

,

144A,

4.375

%

,

10/15/28

...

United

States

300,000

306,564

c

,e

Pactiv

Evergreen

Group

Issuer,

Inc.

/

Pactiv

Evergreen

Group

Issuer

LLC

,

Senior

Secured

Note

,

144A,

4

%

,

10/15/27

......

United

States

1,200,000

1,212,000

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

5

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Containers

&

Packaging

(continued)

c

,d

Trivium

Packaging

Finance

BV

,

Senior

Note

,

144A,

8.5

%

,

8/15/27

Netherlands

400,000

$

398,430

6,711,605

Distributors

0.4%

c

Gates

Corp.

,

Senior

Note

,

144A,

6.875

%

,

7/01/29

...........

United

States

400,000

407,429

c

,d

RB

Global

Holdings,

Inc.

,

Senior

Note

,

144A,

7.75

%

,

3/15/31

....................

Canada

500,000

523,898

Senior

Secured

Note

,

144A,

6.75

%

,

3/15/28

.............

Canada

200,000

204,509

1,135,836

Diversified

Consumer

Services

0.5%

e

Grand

Canyon

University

,

Secured

Note

,

5.125

%

,

10/01/28

....

United

States

1,300,000

1,232,216

Diversified

REITs

0.8%

c

,d

Global

Net

Lease,

Inc.

/

Global

Net

Lease

Operating

Partnership

LP

,

Senior

Note

,

144A,

3.75

%

,

12/15/27

.................

United

States

800,000

753,613

c

,d

Necessity

Retail

REIT,

Inc.

(The)

/

American

Finance

Operating

Partner

LP

,

Senior

Note

,

144A,

4.5

%

,

9/30/28

.............

United

States

900,000

849,158

c

,d

VICI

Properties

LP

/

VICI

Note

Co.,

Inc.

,

Senior

Note

,

144A,

3.75

%

,

2/15/27

...................................

United

States

700,000

685,340

2,288,111

Diversified

Telecommunication

Services

0.7%

c

,d

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp.

,

Senior

Note

,

144A,

6.375

%

,

9/01/29

..............................

United

States

1,000,000

997,799

c

,d

Iliad

Holding

SASU

,

Senior

Secured

Note

,

144A,

7

%

,

4/15/32

..

France

925,000

927,379

1,925,178

Electric

Utilities

1.1%

c

California

Buyer

Ltd.

/

Atlantica

Sustainable

Infrastructure

plc

,

Senior

Note

,

144A,

6.375

%

,

2/15/32

....................

United

Kingdom

500,000

485,381

c

,d

NRG

Energy,

Inc.

,

Senior

Note

,

144A,

5.75

%

,

7/15/29

........

United

States

800,000

788,969

c

Vistra

Operations

Co.

LLC

,

Senior

Note

,

144A,

5.625

%

,

2/15/27

...................

United

States

600,000

598,239

e

Senior

Note

,

144A,

4.375

%

,

5/01/29

...................

United

States

400,000

380,178

d

Senior

Note

,

144A,

7.75

%

,

10/15/31

...................

United

States

100,000

104,813

Senior

Note

,

144A,

6.875

%

,

4/15/32

...................

United

States

600,000

612,055

2,969,635

Electrical

Equipment

0.5%

c

,d

,e

Vertiv

Group

Corp.

,

Senior

Secured

Note

,

144A,

4.125

%

,

11/15/28

........................................

United

States

1,300,000

1,238,974

Electronic

Equipment,

Instruments

&

Components

0.5%

c

,d

TTM

Technologies,

Inc.

,

Senior

Note

,

144A,

4

%

,

3/01/29

......

United

States

1,000,000

922,529

c

Zebra

Technologies

Corp.

,

Senior

Note

,

144A,

6.5

%

,

6/01/32

..

United

States

300,000

303,875

1,226,404

Energy

Equipment

&

Services

1.8%

c

Aris

Water

Holdings

LLC

,

Senior

Note

,

144A,

7.25

%

,

4/01/30

..

United

States

600,000

607,266

c

Enerflex

Ltd.

,

Senior

Secured

Note

,

144A,

9

%

,

10/15/27

......

Canada

160,000

164,295

c

,d

Kodiak

Gas

Services

LLC

,

Senior

Note

,

144A,

7.25

%

,

2/15/29

..

United

States

700,000

714,106

c

Nabors

Industries,

Inc.

,

Senior

Note

,

144A,

8.875

%

,

8/15/31

...

United

States

1,300,000

1,130,073

d

Oceaneering

International,

Inc.

,

Senior

Note

,

6

%

,

2/01/28

.....

United

States

300,000

297,038

c

Transocean

Titan

Financing

Ltd.

,

Senior

Secured

Note

,

144A,

8.375

%

,

2/01/28

...................................

United

States

90,476

92,491

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

6

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Energy

Equipment

&

Services

(continued)

Transocean,

Inc.

,

Senior

Bond

,

6.8

%

,

3/15/38

..........................

United

States

600,000

$

460,449

c

Senior

Note

,

144A,

8.25

%

,

5/15/29

....................

United

States

100,000

97,826

c,d

Senior

Secured

Note

,

144A,

8.75

%

,

2/15/30

.............

United

States

640,000

665,100

c

,d

Weatherford

International

Ltd.

,

Senior

Note

,

144A,

8.625

%

,

4/30/30

.........................................

United

States

700,000

711,250

4,939,894

Entertainment

0.4%

c

,d

Banijay

Entertainment

SAS

,

Senior

Secured

Note

,

144A,

8.125

%

,

5/01/29

.........................................

France

1,100,000

1,132,428

Financial

Services

3.1%

c

Freedom

Mortgage

Holdings

LLC

,

d

Senior

Note

,

144A,

9.25

%

,

2/01/29

....................

United

States

300,000

304,905

Senior

Note

,

144A,

8.375

%

,

4/01/32

...................

United

States

650,000

635,664

c

GGAM

Finance

Ltd.

,

Senior

Note

,

144A,

8

%

,

2/15/27

......................

Ireland

200,000

205,071

d

Senior

Note

,

144A,

8

%

,

6/15/28

......................

Ireland

700,000

734,614

c

Jefferson

Capital

Holdings

LLC

,

Senior

Note

,

144A,

6

%

,

8/15/26

......................

United

States

500,000

497,448

Senior

Note

,

144A,

9.5

%

,

2/15/29

.....................

United

States

1,400,000

1,491,238

c

,d

Nationstar

Mortgage

Holdings,

Inc.

,

Senior

Bond

,

144A,

5.75

%

,

11/15/31

........................................

United

States

1,100,000

1,100,625

c

PHH

Escrow

Issuer

LLC

/

PHH

Corp.

,

Senior

Note

,

144A,

9.875

%

,

11/01/29

..................................

United

States

1,800,000

1,738,836

c

PRA

Group,

Inc.

,

d

Senior

Note

,

144A,

8.375

%

,

2/01/28

...................

United

States

600,000

613,569

d

Senior

Note

,

144A,

5

%

,

10/01/29

.....................

United

States

300,000

276,602

Senior

Note

,

144A,

8.875

%

,

1/31/30

...................

United

States

400,000

417,649

c

,d

United

Wholesale

Mortgage

LLC

,

Senior

Note

,

144A,

5.5

%

,

11/15/25

........................................

United

States

400,000

399,193

8,415,414

Food

Products

0.3%

d

B&G

Foods,

Inc.

,

Senior

Note

,

5.25

%

,

9/15/27

.............

United

States

400,000

375,561

c

,f

Chobani

Holdco

II

LLC

,

Senior

Note

,

144A,

PIK,

8.75

%

,

10/01/29

United

States

100,000

104,698

c

Chobani

LLC

/

Chobani

Finance

Corp.,

Inc.

,

Senior

Note

,

144A,

7.625

%

,

7/01/29

...................................

United

States

200,000

205,738

685,997

Ground

Transportation

0.8%

c

,d

Avis

Budget

Car

Rental

LLC

/

Avis

Budget

Finance,

Inc.

,

Senior

Note

,

144A,

8.25

%

,

1/15/30

..........................

United

States

975,000

951,963

c

,d

First

Student

Bidco,

Inc.

/

First

Transit

Parent,

Inc.

,

Senior

Secured

Note

,

144A,

4

%

,

7/31/29

.....................

United

States

900,000

825,991

c

Watco

Cos.

LLC

/

Watco

Finance

Corp.

,

Senior

Note

,

144A,

7.125

%

,

8/01/32

...................................

United

States

500,000

503,251

2,281,205

Health

Care

Equipment

&

Supplies

0.6%

c

,d

Bausch

+

Lomb

Corp.

,

Senior

Secured

Note

,

144A,

8.375

%

,

10/01/28

........................................

United

States

600,000

623,250

c

Insulet

Corp.

,

Senior

Note

,

144A,

6.5

%

,

4/01/33

............

United

States

200,000

203,431

c

,d

Medline

Borrower

LP

,

Senior

Note

,

144A,

5.25

%

,

10/01/29

....

United

States

500,000

480,131

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

7

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Health

Care

Equipment

&

Supplies

(continued)

c

,d

Neogen

Food

Safety

Corp.

,

Senior

Note

,

144A,

8.625

%

,

7/20/30

United

States

400,000

$

421,493

1,728,305

Health

Care

Providers

&

Services

1.9%

c

CHS/Community

Health

Systems,

Inc.

,

e

Secured

Note

,

144A,

6.125

%

,

4/01/30

..................

United

States

500,000

300,290

d

Senior

Secured

Note

,

144A,

5.625

%

,

3/15/27

............

United

States

400,000

382,289

d

Senior

Secured

Note

,

144A,

10.875

%

,

1/15/32

...........

United

States

500,000

493,210

c

DaVita,

Inc.

,

d

Senior

Note

,

144A,

4.625

%

,

6/01/30

...................

United

States

1,200,000

1,105,670

Senior

Note

,

144A,

6.875

%

,

9/01/32

...................

United

States

200,000

201,281

c

,d

Kedrion

SpA

,

Senior

Secured

Note

,

144A,

6.5

%

,

9/01/29

......

Italy

1,500,000

1,423,494

c

MPH

Acquisition

Holdings

LLC

,

Senior

Secured

Note

,

144A,

5.75

%

,

12/31/30

............

United

States

90,027

65,375

f

Senior

Secured

Note

,

144A,

PIK,

11.5

%

,

12/31/30

.........

United

States

137,786

118,638

f

Senior

Secured

Note

,

144A,

PIK,

6.75

%

,

3/31/31

.........

United

States

772,185

462,828

d

Tenet

Healthcare

Corp.

,

Senior

Secured

Note

,

6.125

%

,

6/15/30

.

United

States

700,000

697,639

5,250,714

Health

Care

REITs

0.3%

c

MPT

Operating

Partnership

LP

/

MPT

Finance

Corp.

,

Senior

Secured

Note

,

144A,

8.5

%

,

2/15/32

....................

United

States

750,000

764,591

Hotel

&

Resort

REITs

0.5%

c

Pebblebrook

Hotel

LP

/

PEB

Finance

Corp.

,

Senior

Note

,

144A,

6.375

%

,

10/15/29

..................................

United

States

200,000

197,901

c

,d

RHP

Hotel

Properties

LP

/

RHP

Finance

Corp.

,

Senior

Note

,

144A,

7.25

%

,

7/15/28

....................

United

States

300,000

307,410

Senior

Note

,

144A,

6.5

%

,

4/01/32

.....................

United

States

700,000

699,303

c

XHR

LP

,

Senior

Note

,

144A,

6.625

%

,

5/15/30

..............

United

States

200,000

196,598

1,401,212

Hotels,

Restaurants

&

Leisure

4.0%

b

,c

,g

24

Hour

Fitness

Worldwide,

Inc.

,

Senior

Note

,

144A,

8

%

,

6/01/22

United

States

1,500,000

—

c

Allwyn

Entertainment

Financing

UK

plc

,

Senior

Secured

Note

,

144A,

7.875

%

,

4/30/29

..............................

Czech

Republic

800,000

826,808

c

,d

Boyne

USA,

Inc.

,

Senior

Note

,

144A,

4.75

%

,

5/15/29

.........

United

States

300,000

282,688

c

,d

Caesars

Entertainment,

Inc.

,

Senior

Secured

Note

,

144A,

6.5

%

,

2/15/32

.........................................

United

States

600,000

598,495

c

,d

Carnival

Corp.

,

Senior

Note

,

144A,

7.625

%

,

3/01/26

...................

United

States

200,000

200,183

Senior

Note

,

144A,

5.75

%

,

3/01/27

....................

United

States

1,500,000

1,501,881

c

,d

Fertitta

Entertainment

LLC

/

Fertitta

Entertainment

Finance

Co.,

Inc.

,

Senior

Note

,

144A,

6.75

%

,

1/15/30

.................

United

States

1,300,000

1,125,328

c

,d

Great

Canadian

Gaming

Corp.

,

Senior

Secured

Note

,

144A,

8.75

%

,

11/15/29

...................................

Canada

900,000

905,140

c

,h

Mohegan

Tribal

Gaming

Authority

/

MS

Digital

Entertainment

Holdings

LLC

,

Senior

Secured

Note

,

144A,

8.25

%

,

4/15/30

..

United

States

650,000

639,218

c

NCL

Corp.

Ltd.

,

e

Senior

Note

,

144A,

5.875

%

,

3/15/26

...................

United

States

47,000

46,931

Senior

Note

,

144A,

6.75

%

,

2/01/32

....................

United

States

500,000

494,249

c

Royal

Caribbean

Cruises

Ltd.

,

d

Senior

Note

,

144A,

5.5

%

,

8/31/26

.....................

United

States

300,000

300,202

Senior

Note

,

144A,

6.25

%

,

3/15/32

....................

United

States

300,000

302,925

Senior

Note

,

144A,

6

%

,

2/01/33

......................

United

States

600,000

600,091

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

8

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Hotels,

Restaurants

&

Leisure

(continued)

c

Six

Flags

Entertainment

Corp.

/

Six

Flags

Theme

Parks,

Inc.

/

Canada's

Wonderland

Co.

,

Senior

Secured

Note

,

144A,

6.625

%

,

5/01/32

...................................

United

States

400,000

$

403,637

c

,d

Station

Casinos

LLC

,

Senior

Note

,

144A,

4.5

%

,

2/15/28

......

United

States

200,000

191,710

c

,d

Viking

Cruises

Ltd.

,

Senior

Note

,

144A,

5.875

%

,

9/15/27

...................

United

States

300,000

298,670

Senior

Note

,

144A,

7

%

,

2/15/29

......................

United

States

600,000

602,404

c

,d

Wynn

Resorts

Finance

LLC

/

Wynn

Resorts

Capital

Corp.

,

Senior

Note

,

144A,

7.125

%

,

2/15/31

.........................

United

States

1,500,000

1,553,228

10,873,788

Household

Durables

1.3%

c

,d

Ashton

Woods

USA

LLC

/

Ashton

Woods

Finance

Co.

,

Senior

Note

,

144A,

6.625

%

,

1/15/28

...................

United

States

500,000

498,018

Senior

Note

,

144A,

4.625

%

,

4/01/30

...................

United

States

1,000,000

905,306

c

,d

Dream

Finders

Homes,

Inc.

,

Senior

Note

,

144A,

8.25

%

,

8/15/28

United

States

500,000

517,190

c

,d

LGI

Homes,

Inc.

,

Senior

Note

,

144A,

8.75

%

,

12/15/28

........

United

States

800,000

834,242

c

,d

Weekley

Homes

LLC

/

Weekley

Finance

Corp.

,

Senior

Note

,

144A,

4.875

%

,

9/15/28

..............................

United

States

800,000

759,948

3,514,704

Household

Products

0.1%

c

Energizer

Holdings,

Inc.

,

Senior

Note

,

144A,

4.375

%

,

3/31/29

..

United

States

200,000

186,445

Independent

Power

and

Renewable

Electricity

Producers

1.2%

c

,d

Calpine

Corp.

,

Senior

Note

,

144A,

5.125

%

,

3/15/28

..........

United

States

1,500,000

1,477,213

c

,d

Clearway

Energy

Operating

LLC

,

Senior

Bond

,

144A,

3.75

%

,

1/15/32

....................

United

States

400,000

343,132

Senior

Note

,

144A,

4.75

%

,

3/15/28

....................

United

States

300,000

291,074

Senior

Note

,

144A,

3.75

%

,

2/15/31

....................

United

States

200,000

175,879

c

,d

Leeward

Renewable

Energy

Operations

LLC

,

Senior

Note

,

144A,

4.25

%

,

7/01/29

...................................

United

States

1,000,000

884,625

3,171,923

Insurance

1.2%

c

Acrisure

LLC

/

Acrisure

Finance,

Inc.

,

Senior

Note

,

144A,

8.5

%

,

6/15/29

.....................

United

States

400,000

417,012

Senior

Secured

Note

,

144A,

7.5

%

,

11/06/30

.............

United

States

400,000

407,222

c

,d

Alliant

Holdings

Intermediate

LLC

/

Alliant

Holdings

Co-Issuer

,

Senior

Note

,

144A,

6.75

%

,

10/15/27

...................

United

States

400,000

398,854

Senior

Secured

Note

,

144A,

7

%

,

1/15/31

................

United

States

500,000

501,929

Jones

Deslauriers

Insurance

Management,

Inc.

,

c

Senior

Note

,

144A,

10.5

%

,

12/15/30

...................

Canada

1,500,000

1,607,750

3,332,767

Interactive

Media

&

Services

0.1%

c

Snap,

Inc.

,

Senior

Note

,

144A,

6.875

%

,

3/01/33

............

United

States

350,000

350,290

IT

Services

0.8%

c

,d

Cablevision

Lightpath

LLC

,

Senior

Secured

Note

,

144A,

3.875

%

,

9/15/27

.........................................

United

States

700,000

665,424

c

Cogent

Communications

Group,

Inc.

/

Cogent

Communications

Finance,

Inc.

,

Senior

Note

,

144A,

7

%

,

6/15/27

............

United

States

700,000

705,368

c

Fortress

Intermediate

3,

Inc.

,

Senior

Secured

Note

,

144A,

7.5

%

,

6/01/31

.........................................

United

States

600,000

605,608

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

9

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

IT

Services

(continued)

c

Gartner,

Inc.

,

Senior

Note

,

144A,

4.5

%

,

7/01/28

.............

United

States

200,000

$

196,263

2,172,663

Life

Sciences

Tools

&

Services

0.2%

c

,d

Fortrea

Holdings,

Inc.

,

Senior

Secured

Note

,

144A,

7.5

%

,

7/01/30

United

States

700,000

637,400

Machinery

1.4%

c

,d

ATS

Corp.

,

Senior

Note

,

144A,

4.125

%

,

12/15/28

...........

Canada

1,300,000

1,208,670

c

,d

Calderys

Financing

LLC

,

Senior

Secured

Note

,

144A,

11.25

%

,

6/01/28

.........................................

France

800,000

843,542

c

,d

ESAB

Corp.

,

Senior

Note

,

144A,

6.25

%

,

4/15/29

............

United

States

600,000

609,506

d

Hillenbrand,

Inc.

,

Senior

Note

,

6.25

%

,

2/15/29

..............

United

States

600,000

601,855

c

Manitowoc

Co.,

Inc.

(The)

,

Secured

Note

,

144A,

9.25

%

,

10/01/31

United

States

350,000

360,216

c

Terex

Corp.

,

Senior

Note

,

144A,

6.25

%

,

10/15/32

...........

United

States

300,000

291,343

3,915,132

Media

2.4%

c

,d

Clear

Channel

Outdoor

Holdings,

Inc.

,

Senior

Note

,

144A,

7.75

%

,

4/15/28

....................

United

States

300,000

258,237

Senior

Note

,

144A,

7.5

%

,

6/01/29

.....................

United

States

900,000

744,387

Senior

Secured

Note

,

144A,

9

%

,

9/15/28

................

United

States

500,000

514,025

c

,d

CSC

Holdings

LLC

,

Senior

Note

,

144A,

11.25

%

,

5/15/28

...................

United

States

700,000

677,530

Senior

Note

,

144A,

11.75

%

,

1/31/29

...................

United

States

500,000

485,234

c

,d

Directv

Financing

LLC

/

Directv

Financing

Co-Obligor,

Inc.

,

Senior

Secured

Note

,

144A,

5.875

%

,

8/15/27

..................

United

States

200,000

193,996

c

,d

McGraw-Hill

Education,

Inc.

,

Senior

Secured

Note

,

144A,

7.375

%

,

9/01/31

...................................

United

States

800,000

805,221

c

,e

News

Corp.

,

Senior

Note

,

144A,

3.875

%

,

5/15/29

...........

United

States

1,200,000

1,132,360

c

,d

Outfront

Media

Capital

LLC

/

Outfront

Media

Capital

Corp.

,

Senior

Bond

,

144A,

4.625

%

,

3/15/30

.........................

United

States

100,000

91,533

c

,d

Scripps

Escrow,

Inc.

,

Senior

Note

,

144A,

5.875

%

,

7/15/27

.....

United

States

500,000

417,557

c

,d

Sinclair

Television

Group,

Inc.

,

Senior

Secured

Note

,

144A,

8.125

%

,

2/15/33

...................................

United

States

800,000

789,944

c

,d

Sirius

XM

Radio

LLC

,

Senior

Note

,

144A,

4

%

,

7/15/28

........

United

States

600,000

560,315

6,670,339

Metals

&

Mining

1.3%

d

ATI,

Inc.

,

Senior

Note

,

7.25

%

,

8/15/30

....................

United

States

700,000

722,068

c

Cleveland-Cliffs,

Inc.

,

Senior

Note

,

144A,

7

%

,

3/15/32

......................

United

States

600,000

576,491

Senior

Note

,

144A,

7.375

%

,

5/01/33

...................

United

States

600,000

576,354

c

Constellium

SE

,

d

Senior

Note

,

144A,

3.75

%

,

4/15/29

....................

United

States

600,000

544,204

Senior

Note

,

144A,

6.375

%

,

8/15/32

...................

United

States

400,000

390,988

c

Novelis,

Inc.

,

Senior

Note

,

144A,

6.875

%

,

1/30/30

...........

United

States

300,000

304,488

c

,f

Petra

Diamonds

US

Treasury

plc

,

Senior

Secured

Note

,

144A,

PIK,

9.75

%

,

3/08/26

................................

South

Africa

781,938

535,407

3,650,000

Mortgage

Real

Estate

Investment

Trusts

(REITs)

0.5%

c

,d

Apollo

Commercial

Real

Estate

Finance,

Inc.

,

Senior

Secured

Note

,

144A,

4.625

%

,

6/15/29

.........................

United

States

1,500,000

1,361,708

Oil,

Gas

&

Consumable

Fuels

6.2%

c

,d

Antero

Resources

Corp.

,

Senior

Note

,

144A,

7.625

%

,

2/01/29

..

United

States

166,000

170,311

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

10

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Oil,

Gas

&

Consumable

Fuels

(continued)

c

,d

Calumet

Specialty

Products

Partners

LP

/

Calumet

Finance

Corp.

,

Senior

Note

,

144A,

8.125

%

,

1/15/27

...................

United

States

900,000

$

831,723

Senior

Secured

Note

,

144A,

9.25

%

,

7/15/29

.............

United

States

800,000

827,000

c

Chord

Energy

Corp.

,

Senior

Note

,

144A,

6.75

%

,

3/15/33

......

United

States

550,000

547,617

c

,d

CITGO

Petroleum

Corp.

,

Senior

Secured

Note

,

144A,

8.375

%

,

1/15/29

.........................................

United

States

500,000

509,301

c

,d

Civitas

Resources,

Inc.

,

Senior

Note

,

144A,

8.375

%

,

7/01/28

...................

United

States

500,000

516,618

Senior

Note

,

144A,

8.75

%

,

7/01/31

....................

United

States

100,000

102,820

c

Coronado

Finance

Pty.

Ltd.

,

Senior

Secured

Note

,

144A,

9.25

%

,

10/01/29

........................................

Australia

550,000

509,938

c

,d

CrownRock

LP

/

CrownRock

Finance,

Inc.

,

Senior

Note

,

144A,

5

%

,

5/01/29

......................................

United

States

300,000

304,846

c

,d

Expand

Energy

Corp.

,

Senior

Note

,

144A,

6.75

%

,

4/15/29

.....

United

States

500,000

506,614

c

,d

Harbour

Energy

plc

,

Senior

Note

,

144A,

5.5

%

,

10/15/26

......

United

Kingdom

500,000

500,661

c

Hess

Midstream

Operations

LP

,

Senior

Note

,

144A,

6.5

%

,

6/01/29

United

States

500,000

510,372

c

Hilcorp

Energy

I

LP

/

Hilcorp

Finance

Co.

,

Senior

Note

,

144A,

5.75

%

,

2/01/29

...................................

United

States

500,000

483,493

c

,d

Kinetik

Holdings

LP

,

Senior

Note

,

144A,

5.875

%

,

6/15/30

......

United

States

600,000

594,185

c

Kraken

Oil

&

Gas

Partners

LLC

,

Senior

Note

,

144A,

7.625

%

,

8/15/29

.........................................

United

States

600,000

586,401

c

,d

Martin

Midstream

Partners

LP

/

Martin

Midstream

Finance

Corp.

,

Secured

Note

,

144A,

11.5

%

,

2/15/28

...................

United

States

1,700,000

1,807,229

c

Matador

Resources

Co.

,

d

Senior

Note

,

144A,

6.5

%

,

4/15/32

.....................

United

States

700,000

694,293

Senior

Note

,

144A,

6.25

%

,

4/15/33

....................

United

States

500,000

488,965

b

,c

,f

,g

Murray

Energy

Corp.

,

Secured

Note

,

144A,

PIK,

12

%

,

4/15/24

.

United

States

606,187

—

c

,d

Northriver

Midstream

Finance

LP

,

Senior

Secured

Note

,

144A,

6.75

%

,

7/15/32

...................................

Canada

1,100,000

1,111,172

c

,d

ONEOK,

Inc.

,

Senior

Note

,

144A,

6.5

%

,

9/01/30

............

United

States

800,000

849,266

c

Sunoco

LP

,

Senior

Note

,

144A,

7.25

%

,

5/01/32

.............

United

States

600,000

620,167

c

,d

Venture

Global

Calcasieu

Pass

LLC

,

Senior

Secured

Bond

,

144A,

4.125

%

,

8/15/31

............

United

States

300,000

272,793

Senior

Secured

Note

,

144A,

3.875

%

,

8/15/29

............

United

States

300,000

277,932

c

,d

Venture

Global

LNG,

Inc.

,

Senior

Secured

Note

,

144A,

8.125

%

,

6/01/28

............

United

States

600,000

613,474

Senior

Secured

Note

,

144A,

9.5

%

,

2/01/29

..............

United

States

500,000

536,468

Senior

Secured

Note

,

144A,

8.375

%

,

6/01/31

............

United

States

500,000

507,453

c

,d

Viper

Energy,

Inc.

,

Senior

Note

,

144A,

7.375

%

,

11/01/31

......

United

States

700,000

732,786

d

Vital

Energy,

Inc.

,

Senior

Note

,

9.75

%

,

10/15/30

........................

United

States

500,000

509,040

c

Senior

Note

,

144A,

7.875

%

,

4/15/32

...................

United

States

500,000

465,944

16,988,882

Paper

&

Forest

Products

0.1%

c

Magnera

Corp.

,

Senior

Note

,

144A,

4.75

%

,

11/15/29

.........

United

States

400,000

355,120

Passenger

Airlines

0.4%

c

American

Airlines,

Inc.

/

AAdvantage

Loyalty

IP

Ltd.

,

Senior

Secured

Note

,

144A,

5.5

%

,

4/20/26

....................

United

States

416,667

415,842

c

OneSky

Flight

LLC

,

Senior

Note

,

144A,

8.875

%

,

12/15/29

.....

United

States

250,000

252,910

c

,d

United

Airlines,

Inc.

,

Senior

Secured

Note

,

144A,

4.375

%

,

4/15/26

............

United

States

100,000

98,487

Senior

Secured

Note

,

144A,

4.625

%

,

4/15/29

............

United

States

300,000

284,110

1,051,349

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

11

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Personal

Care

Products

0.6%

c

,d

Coty,

Inc.

/

HFC

Prestige

Products,

Inc.

/

HFC

Prestige

International

US

LLC

,

Senior

Secured

Note

,

144A,

6.625

%

,

7/15/30

.........................................

United

States

600,000

$

614,984

c

Opal

Bidco

SAS

,

Senior

Secured

Note

,

144A,

6.5

%

,

3/31/32

...

France

950,000

950,000

1,564,984

Pharmaceuticals

0.5%

c

,d

1375209

BC

Ltd.

,

Senior

Secured

Note

,

144A,

9

%

,

1/30/28

....

Canada

327,000

326,951

c

Endo

Finance

Holdings,

Inc.

,

Senior

Secured

Note

,

144A,

8.5

%

,

4/15/31

.........................................

United

States

200,000

208,755

d

Teva

Pharmaceutical

Finance

Netherlands

III

BV

,

Senior

Note

,

4.75

%

,

5/09/27

...................................

Israel

900,000

887,113

1,422,819

Real

Estate

Management

&

Development

0.7%

c

,d

Five

Point

Operating

Co.

LP

/

Five

Point

Capital

Corp.

,

Senior

Note

,

144A,

10.5

%

,

1/15/28

..........................

United

States

839,586

856,000

c

Forestar

Group,

Inc.

,

Senior

Note

,

144A,

6.5

%

,

3/15/33

.......

United

States

1,200,000

1,175,949

2,031,949

Software

1.1%

c

,d

Camelot

Finance

SA

,

Senior

Secured

Note

,

144A,

4.5

%

,

11/01/26

United

States

500,000

490,613

c

Gen

Digital,

Inc.

,

Senior

Note

,

144A,

6.25

%

,

4/01/33

.........

United

States

250,000

249,488

c

,e

McAfee

Corp.

,

Senior

Note

,

144A,

7.375

%

,

2/15/30

..........

United

States

1,300,000

1,151,704

c

,d

Rocket

Software,

Inc.

,

Senior

Note

,

144A,

6.5

%

,

2/15/29

......

United

States

1,300,000

1,226,859

3,118,664

Specialized

REITs

0.4%

c

,d

Iron

Mountain,

Inc.

,

Senior

Note

,

144A,

7

%

,

2/15/29

.........

United

States

1,000,000

1,023,519

Specialty

Retail

0.5%

c

,d

Evergreen

Acqco

1

LP

/

TVI,

Inc.

,

Senior

Secured

Note

,

144A,

9.75

%

,

4/26/28

...................................

United

States

582,000

606,282

c

,d

Gap,

Inc.

(The)

,

Senior

Note

,

144A,

3.625

%

,

10/01/29

........

United

States

700,000

632,289

1,238,571

Textiles,

Apparel

&

Luxury

Goods

0.3%

c

,d

Hanesbrands,

Inc.

,

Senior

Note

,

144A,

9

%

,

2/15/31

..........

United

States

700,000

738,372

Trading

Companies

&

Distributors

1.5%

c

EquipmentShare.com,

Inc.

,

d

Secured

Note

,

144A,

9

%

,

5/15/28

.....................

United

States

800,000

829,820

Secured

Note

,

144A,

8.625

%

,

5/15/32

..................

United

States

600,000

619,212

c

,d

H&E

Equipment

Services,

Inc.

,

Senior

Note

,

144A,

3.875

%

,

12/15/28

........................................

United

States

1,200,000

1,196,977

c

,d

Herc

Holdings,

Inc.

,

Senior

Note

,

144A,

6.625

%

,

6/15/29

......

United

States

900,000

903,751

c

WESCO

Distribution,

Inc.

,

Senior

Note

,

144A,

6.375

%

,

3/15/33

.

United

States

625,000

628,683

4,178,443

Wireless

Telecommunication

Services

0.9%

c

Altice

France

Holding

SA

,

Senior

Secured

Note

,

144A,

10.5

%

,

5/15/27

.............

Luxembourg

1,700,000

499,174

Senior

Secured

Note

,

144A,

6

%

,

2/15/28

................

Luxembourg

300,000

88,126

c

Connect

Finco

SARL

/

Connect

US

Finco

LLC

,

Senior

Secured

Note

,

144A,

9

%

,

9/15/29

............................

United

Kingdom

800,000

730,383

b

,i

Digicel

Group

Holdings

Ltd.

,

29

.576

%

,

11/17/33

............

Bermuda

35,583

1,126

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

12

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Wireless

Telecommunication

Services

(continued)

c

,d

Zegona

Finance

plc

,

Senior

Secured

Note

,

144A,

8.625

%

,

7/15/29

.........................................

United

Kingdom

1,100,000

$

1,167,216

2,486,025

Total

Corporate

Bonds

(Cost

$

165,587,291

)

...................................

158,262,806

Senior

Floating

Rate

Interests

41.8%

j

Aerospace

&

Defense

0.4%

Cobham

Ultra

SeniorCo

SARL,

First

Lien,

USD

CME

Term

Loan,

B

,

8.427

%

,

(

6-month

SOFR

+

3.75

%

),

8/03/29

............

Luxembourg

327,275

326,594

Signia

Aerospace

LLC,

First

Lien,

Initial

CME

Term

Loan

,

7.322

%

,

(

1-month

SOFR

+

3

%

),

12/11/31

......................

United

States

272,475

271,453

Vertex

Aerospace

Services

Corp.,

First

Lien,

2024

CME

Term

Loan

,

6.575

%

,

(

1-month

SOFR

+

2.25

%

),

12/06/30

........

United

States

538,428

531,698

1,129,745

a

a

a

a

a

a

j

Air

Freight

&

Logistics

0.3%

Clue

Opco

LLC,

First

Lien,

CME

Term

Loan,

B

,

8.791

%

,

(

3-month

SOFR

+

4.5

%

),

12/19/30

............................

United

States

382,484

372,302

Rand

Parent

LLC,

First

Lien,

CME

Term

Loan,

B

,

7.299

%

,

(

3-month

SOFR

+

3

%

),

3/18/30

.......................

United

States

499,057

493,532

865,834

a

a

a

a

a

a

j

Automobile

Components

1.3%

Adient

US

LLC,

First

Lien,

CME

Term

Loan,

B2

,

6.575

%

,

(

1-month

SOFR

+

2.25

%

),

1/31/31

.....................

United

States

469,908

464,739

Clarios

Global

LP,

First

Lien,

Amendment

No.

6

Dollar

CME

Term

Loan

,

7.075

%

,

(

1-month

SOFR

+

2.75

%

),

1/28/32

.........

United

States

229,961

226,894

DexKo

Global,

Inc.,

First

Lien,

2023

Incremental

CME

Term

Loan

,

8.579

%

,

(

3-month

SOFR

+

4.25

%

),

10/04/28

.............

United

States

233,882

220,266

DexKo

Global,

Inc.,

First

Lien,

Closing

Date

Dollar

CME

Term

Loan

,

8.34

%

,

(

3-month

SOFR

+

3.75

%

),

10/04/28

.........

United

States

466,346

435,675

First

Brands

Group

LLC,

First

Lien,

2021

CME

Term

Loan

,

9.552

%

,

(

3-month

SOFR

+

5

%

),

3/30/27

................

United

States

1,192,329

1,110,732

First

Brands

Group

LLC,

First

Lien,

2022-2

Incremental

CME

Term

Loan

,

9.552

%

,

(

3-month

SOFR

+

5

%

),

3/30/27

.......

United

States

1,206,689

1,124,483

3,582,789

a

a

a

a

a

a

Automobiles

0.3%

j

American

Trailer

World

Corp.,

First

Lien,

CME

Term

Loan,

B

,

8.175

%

,

(

1-month

SOFR

+

3.75

%

),

3/03/28

..............

United

States

1,135,380

922,599

Beverages

0.2%

j

Primo

Brands

Corp.,

First

Lien,

2025

Refinancing

CME

Term

Loan

,

6.565

%

,

(

3-month

SOFR

+

2.25

%

),

3/31/28

.........

United

States

556,267

554,663

j

Broadline

Retail

0.3%

Knot

Worldwide,

Inc.

(The),

First

Lien,

Amendment

No.

5

CME

Term

Loan

,

8.075

%

,

(

1-month

SOFR

+

3.75

%

),

1/31/28

.....

United

States

387,069

387,553

Peer

Holding

III

BV,

First

Lien,

CME

Term

Loan,

B5

,

6.829

%

,

(

3-month

SOFR

+

2.5

%

),

7/01/31

......................

Netherlands

341,588

341,418

728,971

a

a

a

a

a

a

j

Building

Products

0.4%

AZZ,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

6.825

%

,

(

1-month

SOFR

+

2.5

%

),

5/14/29

.............................

United

States

215,943

216,591

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

13

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

j

Building

Products

(continued)

Cornerstone

Building

Brands,

Inc.,

First

Lien,

CME

Term

Loan,

C

,

8.819

%

,

(

1-month

SOFR

+

4.5

%

),

5/15/31

...............

United

States

603,966

$

501,509

EMRLD

Borrower

LP,

First

Lien,

Second

Amendment

Incremental

CME

Term

Loan

,

6.799

%

,

(

3-month

SOFR

+

2.5

%

),

8/04/31

..

United

States

206,065

204,428

MIWD

Holdco

II

LLC,

First

Lien,

2024

Incremental

CME

Term

Loan

,

7.325

%

,

(

1-month

SOFR

+

3

%

),

3/28/31

............

United

States

104,004

102,386

1,024,914

a

a

a

a

a

a

j

Capital

Markets

2.4%

AI

Aqua

Merger

Sub,

Inc.,

First

Lien,

2025

Refinancing

CME

Term

Loan,

B

,

7.323

%

,

(

1-month

SOFR

+

3

%

),

7/31/28

..........

United

States

1,205,313

1,195,760

Aretec

Group,

Inc.,

First

Lien,

CME

Term

Loan,

B3

,

7.824

%

,

(

1-month

SOFR

+

3.5

%

),

8/09/30

......................

United

States

743,984

738,832

Ascensus

Group

Holdings,

Inc.,

First

Lien,

2024

CME

Term

Loan,

B

,

7.325

%

,

(

1-month

SOFR

+

3

%

),

8/02/28

..............

United

States

804,548

800,775

Citadel

Securities

LP,

First

Lien,

2024

CME

Term

Loan

,

6.325

%

,

(

1-month

SOFR

+

2

%

),

10/31/31

......................

United

States

312,877

312,918

Deerfield

Dakota

Holding

LLC,

First

Lien,

Initial

Dollar

CME

Term

Loan

,

8.079

%

,

(

3-month

SOFR

+

3.75

%

),

4/09/27

.........

United

States

560,565

533,297

Edelman

Financial

Engines

Center

LLC

(The),

First

Lien,

Initial

CME

Term

Loan

,

7.324

%

,

(

1-month

SOFR

+

3

%

),

4/07/28

...

United

States

968,683

967,070

First

Eagle

Holdings,

Inc.,

First

Lien,

CME

Term

Loan,

B2

,

7.329

%

,

(

3-month

SOFR

+

3

%

),

3/05/29

................

United

States

694,750

695,434

GTCR

Everest

Borrower

LLC,

First

Lien,

Initial

CME

Term

Loan

,

7.049

%

,

(

3-month

SOFR

+

2.75

%

),

9/05/31

..............

United

States

158,806

157,913

Jane

Street

Group

LLC,

First

Lien,

Extended

CME

Term

Loan

,

6.313

%

,

(

3-month

SOFR

+

2

%

),

12/15/31

................

United

States

527,942

522,333

f

Russell

Investments

US

Institutional

Holdco,

Inc.,

First

Lien,

2027

CME

Term

Loan

,

PIK,

9.291

%

,

(

3-month

SOFR

+

5

%

),

5/28/27

United

States

608,431

589,417

6,513,749

a

a

a

a

a

a

j

Chemicals

2.4%

A-AP

Buyer,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

7.075

%

,

(

1-month

SOFR

+

2.75

%

),

9/09/31

.....................

United

States

106,389

106,122

Hexion

Holdings

Corp.,

First

Lien,

2024

Refinancing

CME

Term

Loan

,

8.325

%

,

(

1-month

SOFR

+

4

%

),

3/15/29

............

United

States

972,613

947,777

Hexion

Holdings

Corp.,

Second

Lien,

Initial

CME

Term

Loan

,

11.861

%

,

(

1-month

SOFR

+

7.438

%

),

3/15/30

............

United

States

196,990

188,372

INEOS

US

Finance

LLC,

First

Lien,

2030

Dollar

CME

Term

Loan

,

7.575

%

,

(

1-month

SOFR

+

3.25

%

),

2/18/30

..............

Luxembourg

315,216

303,641

INEOS

US

Petrochem

LLC,

First

Lien,

New

CME

Term

Loan,

B1

,

8.675

%

,

(

1-month

SOFR

+

4.25

%

),

4/02/29

..............

United

States

906,435

872,444

Lummus

Technology

Holdings

V

LLC,

First

Lien,

Amendment

No.

2

Refinancing

CME

Term

Loan,

B

,

7.325

%

,

(

1-month

SOFR

+

3

%

),

12/31/29

....................................

United

States

901,811

900,684

Nouryon

Finance

BV,

First

Lien,

November

2024

Dollar

CME

Term

Loan,

B1

,

7.553

%

,

(

3-month

SOFR

+

3.25

%

),

4/03/28

..

Netherlands

487,532

487,125

Nouryon

Finance

BV,

First

Lien,

November

2024

Dollar

CME

Term

Loan,

B2

,

7.554

%

,

(

3-month

SOFR

+

3.25

%

),

4/03/28

..

Netherlands

270,031

270,539

SCIH

Salt

Holdings,

Inc.,

First

Lien,

Incremental

CME

Term

Loan,

B1

,

7.291

%

,

(

3-month

SOFR

+

3

%

),

1/31/29

.............

United

States

1,366,796

1,357,399

Vibrantz

Technologies,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.689

%

,

(

3-month

SOFR

+

4.25

%

),

4/23/29

..............

United

States

1,170,000

1,034,719

6,468,822

a

a

a

a

a

a

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

14

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

j

Commercial

Services

&

Supplies

2.1%

Allied

Universal

Holdco

LLC,

First

Lien,

Initial

US

Dollar

CME

Term

Loan

,

8.175

%

,

(

1-month

SOFR

+

3.75

%

),

5/12/28

.....

United

States

1,691,237

$

1,691,372

CCI

Buyer,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.299

%

,

(

3-month

SOFR

+

4

%

),

12/17/27

......................

United

States

689,517

690,761

Madison

IAQ

LLC,

First

Lien,

Initial

CME

Term

Loan

,

6.762

%

,

(

6-month

SOFR

+

2.5

%

),

6/21/28

......................

United

States

980,012

970,393

Neptune

Bidco

US,

Inc.,

First

Lien,

Dollar

CME

Term

Loan,

B

,

9.389

%

,

(

3-month

SOFR

+

5

%

),

4/11/29

.................

United

States

306,487

265,064

Pitney

Bowes,

Inc.,

First

Lien,

CME

Term

Loan,

B

,

8.075

%

,

(

1-month

SOFR

+

3.75

%

),

3/19/32

.....................

United

States

1,100,000

1,090,832

Spin

Holdco,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.562

%

,

(

3-month

SOFR

+

4

%

),

3/06/28

.......................

United

States

1,248,000

1,060,026

5,768,448

a

a

a

a

a

a

Communications

Equipment

0.2%

j

Delta

Topco,

Inc.,

First

Lien,

Fourth

Amendment

Refinancing

CME

Term

Loan

,

7.069

%

,

(

3-month

SOFR

+

2.75

%

),

11/30/29

....

United

States

447,582

443,135

j

Construction

&

Engineering

0.5%

Brand

Industrial

Services,

Inc.,

First

Lien,

CME

Term

Loan,

C

,

8.791

%

,

(

3-month

SOFR

+

4.5

%

),

8/01/30

...............

United

States

438,788

416,238

Brown

Group

Holding

LLC,

First

Lien,

Incremental

CME

Term

Loan,

B2

,

6.815

%

,

(

1-month

SOFR

+

2.5%;

3-month

SOFR

+

2.5%

),

7/01/31

....................................

United

States

161,202

160,422

Chromalloy

Corp.,

First

Lien,

CME

Term

Loan

,

8.06

%

,

(

3-month

SOFR

+

3.75

%

),

3/27/31

............................

United

States

334,474

333,848

Kodiak

Building

Partners,

Inc.,

First

Lien,

CME

Term

Loan,

B

,

8.046

%

,

(

3-month

SOFR

+

3.75

%

),

12/04/31

.............

United

States

70,194

67,612

Zekelman

Industries,

Inc.,

First

Lien,

2024

CME

Term

Loan

,

6.571

%

,

(

1-month

SOFR

+

2.25

%

),

1/24/31

..............

United

States

391,420

392,643

1,370,763

a

a

a

a

a

a

Consumer

Finance

0.2%

j

Neon

Maple

US

Debt

Mergersub,

Inc.,

First

Lien,

Term

Loan,

B1

,

7.324

%

,

(

1-month

SOFR

+

3

%

),

11/17/31

................

United

States

453,564

451,169

j

Containers

&

Packaging

2.2%

Berlin

Packaging

LLC,

First

Lien,

2024-2

Replacement

CME

Term

Loan

,

7.82

%

,

(

1-month

SOFR

+

3.5%;

3-month

SOFR

+

3.5%

),

6/09/31

.........................................

United

States

796,005

794,214

Charter

Next

Generation,

Inc.,

First

Lien,

2024

Replacement

CME

Term

Loan

,

7.314

%

,

(

1-month

SOFR

+

3

%

),

11/29/30

.......

United

States

1,509,857

1,509,555

Clydesdale

Acquisition

Holdings,

Inc.,

First

Lien

2025

Incremental

Closing

Date

CME

Term

Loan,

B

,

7.548

%

,

(

3-month

SOFR

+

3.25

%

),

4/01/32

...................................

United

States

542,244

539,872

Klockner

Pentaplast

of

America,

Inc.,

First

Lien,

USD

CME

Term

Loan,

B

,

9.227

%

,

(

6-month

SOFR

+

4.725

%

),

2/09/26

......

Luxembourg

1,573,599

1,438,529

Mauser

Packaging

Solutions

Holding

Co.,

First

Lien,

Initial

CME

Term

Loan

,

7.323

%

,

(

1-month

SOFR

+

3

%

),

4/15/27

.......

United

States

1,179,000

1,176,547

ProAmpac

PG

Borrower

LLC,

First

Lien,

2024

CME

Term

Loan,

B

,

8.31

%

,

(

3-month

SOFR

+

4

%

),

9/15/28

...............

United

States

479,133

477,137

5,935,854

a

a

a

a

a

a

j

Distributors

0.7%

BCPE

Empire

Holdings,

Inc.,

First

Lien,

Amendment

No.

8

Incremental

CME

Term

Loan

,

7.575

%

,

(

1-month

SOFR

+

3.25

%

),

12/11/30

..................................

United

States

795,505

785,561

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

15

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

j

Distributors

(continued)

h

Gloves

Buyer,

Inc.,

First

Lien,

CME

Term

Loan

,

8.457

%

,

(

12-month

SOFR

+

4.25

%

),

1/16/32

....................

United

States

400,000

$

385,666

h

Verde

Purchaser

LLC,

First

Lien,

Initial

CME

Term

Loan

,

8.299

%

,

(

3-month

SOFR

+

4

%

),

11/30/30

......................

United

States

656,940

654,246

1,825,473

a

a

a

a

a

a

j

Diversified

Consumer

Services

0.6%

Ascend

Learning

LLC,

First

Lien,

Initial

CME

Term

Loan

,

7.325

%

,

(

1-month

SOFR

+

3

%

),

12/11/28

......................

United

States

476,802

471,693

KUEHG

Corp.,

First

Lien,

2024

Refinancing

CME

Term

Loan

,

7.549

%

,

(

3-month

SOFR

+

3.25

%

),

6/12/30

..............

United

States

366,214

365,929

Mavis

Tire

Express

Services

Topco

Corp.,

First

Lien,

2025

Incremental

CME

Term

Loan

,

7.313

%

,

(

3-month

SOFR

+

3

%

),

5/04/28

.........................................

United

States

102,931

102,404

Pre-Paid

Legal

Services,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

7.689

%

,

(

1-month

SOFR

+

3.25

%

),

12/07/28

.............

United

States

684,312

678,068

Wand

NewCo

3,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

6.825

%

,

(

1-month

SOFR

+

2.5

%

),

1/30/31

......................

United

States

99,825

98,490

1,716,584

a

a

a

a

a

a

Electric

Utilities

0.0%

†

j

Hamilton

Projects

Acquiror

LLC,

First

Lien,

CME

Term

Loan

,

7.325

%

,

(

1-month

SOFR

+

3

%

),

5/30/31

................

United

States

105,055

105,096

Electrical

Equipment

0.2%

j

Roper

Industrial

Products

Investment

Co.

LLC,

First

Lien,

Dollar

CME

Term

Loan,

D

,

7.049

%

,

(

3-month

SOFR

+

2.75

%

),

11/22/29

........................................

United

States

581,083

578,852

Entertainment

0.2%

j

Playtika

Holding

Corp.,

First

Lien,

CME

Term

Loan,

B1

,

7.189

%

,

(

1-month

SOFR

+

2.75

%

),

3/13/28

.....................

United

States

584,802

579,761

j

Financial

Services

0.6%

Boost

Newco

Borrower

LLC,

First

Lien,

CME

Term

Loan,

B2

,

6.299

%

,

(

3-month

SOFR

+

2

%

),

1/31/31

................

United

States

433,696

431,393

June

Purchaser

LLC,

First

Lien,

Initial

CME

Term

Loan

,

7.467

%

,

(

6-month

SOFR

+

3.25

%

),

11/28/31

....................

United

States

420,330

421,381

Priority

Holdings

LLC,

First

Lien,

Initial

CME

Term

Loan

,

9.075

%

,

(

1-month

SOFR

+

4.75

%

),

5/16/31

.....................

United

States

370,747

371,153

Red

Planet

Borrower

LLC,

First

Lien,

CME

Term

Loan,

B

,

7.924

%

,

(

1-month

SOFR

+

3.5

%

),

10/02/28

.....................

United

States

468,406

460,377

1,684,304

a

a

a

a

a

a

Food

Products

0.1%

j

Primary

Products

Finance

LLC,

First

Lien,

2024

Second

Replacement

CME

Term

Loan,

B

,

7.546

%

,

(

3-month

SOFR

+

3.25

%

),

4/02/29

...................................

United

States

364,218

362,463

j

Ground

Transportation

1.1%

Albion

Financing

3

SARL,

First

Lien,

2025

Amended

US

Dollar

CME

Term

Loan

,

7.293

%

,

(

3-month

SOFR

+

3

%

),

8/16/29

...

Luxembourg

141,116

141,424

First

Student

Bidco,

Inc.,

First

Lien,

CME

Term

Loan,

B

,

6.799

%

,

(

3-month

SOFR

+

2.5

%

),

7/21/28

......................

United

States

348,322

348,148

First

Student

Bidco,

Inc.,

First

Lien,

CME

Term

Loan,

B2

,

6.799

%

,

(

3-month

SOFR

+

2.5

%

),

7/21/28

......................

United

States

368,322

368,119

First

Student

Bidco,

Inc.,

First

Lien,

Initial

CME

Term

Loan,

C

,

6.799

%

,

(

3-month

SOFR

+

2.5

%

),

7/21/28

...............

United

States

106,521

106,468

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

16

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

j

Ground

Transportation

(continued)

Kenan

Advantage

Group,

Inc.

(The),

First

Lien,

U.S.

CME

Term

Loan,

B4

,

7.575

%

,

(

1-month

SOFR

+

3.25

%

),

1/25/29

......

United

States

1,287,351

$

1,283,862

Savage

Enterprises

LLC,

First

Lien,

Refinancing

CME

Term

Loan

,

7.073

%

,

(

1-month

SOFR

+

2.75

%

),

9/15/28

..............

United

States

147,516

147,423

WWEX

UNI

TopCo

Holdings

LLC,

First

Lien,

Initial

CME

Term

Loan

,

8.329

%

,

(

3-month

SOFR

+

4

%

),

7/26/28

............

United

States

596,915

590,152

2,985,596

a

a

a

a

a

a

j

Health

Care

Equipment

&

Supplies

0.6%

Bausch

+

Lomb

Corp.,

First

Lien,

New

CME

Term

Loan

,

8.325

%

,

(

1-month

SOFR

+

4

%

),

9/29/28

.......................

United

States

492,500

491,887

Medline

Borrower

LP,

First

Lien,

Dollar

Incremental

CME

Term

Loan

,

6.575

%

,

(

1-month

SOFR

+

2.25

%

),

10/23/28

........

United

States

334,517

334,261

US

Radiology

Specialists,

Inc.

(US

Outpatient

Imaging

Services,

Inc.),

First

Lien,

CME

Term

Loan

,

9.049

%

,

(

3-month

SOFR

+

4.75

%

),

12/15/27

..................................

United

States

720,467

720,467

1,546,615

a

a

a

a

a

a

j

Health

Care

Providers

&

Services

3.8%

ADMI

Corp.,

First

Lien,

Amendment

No.

4

Refinancing

CME

Term

Loan

,

7.814

%

,

(

1-month

SOFR

+

3.375

%

),

12/23/27

.......

United

States

749,834

743,085

ADMI

Corp.,

First

Lien,

Amendment

No.

5

CME

Term

Loan

,

8.189

%

,

(

1-month

SOFR

+

3.75

%

),

12/23/27

.............

United

States

202,006

200,744

ADMI

Corp.,

First

Lien,

CME

Term

Loan,

B5

,

10.075

%

,

(

1-month

SOFR

+

5.75

%

),

12/23/27

...........................

United

States

128,247

128,968

Aveanna

Healthcare

LLC,

First

Lien,

2021

Extended

CME

Term

Loan

,

8.163

%

,

(

3-month

SOFR

+

3.75

%

),

7/17/28

.........

United

States

411,168

404,232

Charlotte

Buyer,

Inc.,

First

Lien,

Second

Refinancing

CME

Term

Loan

,

8.572

%

,

(

1-month

SOFR

+

4.25

%

),

2/11/28

.........

United

States

1,127,654

1,122,624

CNT

Holdings

I

Corp.,

First

Lien,

2025

Replacement

CME

Term

Loan

,

6.802

%

,

(

3-month

SOFR

+

2.5

%

),

11/08/32

.........

United

States

144,664

143,951

Global

Medical

Response,

Inc.,

First

Lien,

2024

Extended

CME

Term

Loan

,

9.79

%

,

(

3-month

SOFR

+

5.5

%

),

10/31/28

......

United

States

455,305

455,270

LifePoint

Health,

Inc.,

First

Lien,

2024-2

Refinancing

CME

Term

Loan

,

7.817

%

,

(

3-month

SOFR

+

3.5

%

),

5/19/31

..........

United

States

400,866

386,908

LifePoint

Health,

Inc.,

First

Lien,

CME

Term

Loan,

B1

,

8.052

%

,

(

3-month

SOFR

+

3.75

%

),

5/19/31

.....................

United

States

222,604

216,389

Medical

Solutions

Holdings,

Inc.,

First

Lien,

CME

Term

Loan

,

7.891

%

,

(

3-month

SOFR

+

3.5

%

),

11/01/28

..............

United

States

571,880

371,150

MPH

Acquisition

Holdings

LLC,

First

Lien,

Exchange

First

Out

CME

Term

Loan

,

8.037

%

,

(

3-month

SOFR

+

3.75

%

),

12/31/30

United

States

66,713

66,225

MPH

Acquisition

Holdings

LLC,

First

Lien,

Second

Out

CME

Term

Loan

,

9.149

%

,

(

3-month

SOFR

+

4.6

%

),

12/31/30

.........

United

States

553,014

456,466

National

Mentor

Holdings,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.154

%

,

(

1-month

SOFR

+

3.75%;

3-month

SOFR

+

3.75%

),

3/02/28

.........................................

United

States

1,467,704

1,425,647

National

Mentor

Holdings,

Inc.,

First

Lien,

Initial

CME

Term

Loan,

C

,

8.149

%

,

(

3-month

SOFR

+

3.75

%

),

3/02/28

............

United

States

48,018

46,642

Owens

&

Minor,

Inc.,

First

Lien,

Initial

CME

Term

Loan,

B1

,

8.175

%

,

(

1-month

SOFR

+

3.75

%

),

3/29/29

..............

United

States

128,392

122,775

Pacific

Dental

Services,

Inc.,

First

Lien,

CME

Term

Loan

,

7.072

%

,

(

1-month

SOFR

+

2.75

%

),

3/17/31

.....................

United

States

529,691

527,622

Pathway

Vet

Alliance

LLC,

First

Lien,

2021

Replacement

CME

Term

Loan

,

8.34

%

,

(

3-month

SOFR

+

3.75

%

),

3/31/27

......

United

States

711,235

584,880

Phoenix

Newco,

Inc.,

First

Lien,

Sixth

Amendment

CME

Term

Loan

,

6.825

%

,

(

1-month

SOFR

+

2.5

%

),

11/15/28

.........

United

States

258,448

258,174

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

17

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

j

Health

Care

Providers

&

Services

(continued)

f

Radiology

Partners,

Inc.,

First

Lien,

CME

Term

Loan,

B

,

PIK,

8.09

%

,

(

3-month

SOFR

+

3.5

%

),

1/31/29

................

United

States

642,856

$

620,295

Star

Parent,

Inc.,

First

Lien,

CME

Term

Loan

,

8.299

%

,

(

3-month

SOFR

+

4

%

),

9/27/30

...............................

United

States

462,000

442,365

Surgery

Center

Holdings,

Inc.,

First

Lien,

2024

Refinancing

CME

Term

Loan

,

7.072

%

,

(

1-month

SOFR

+

2.75

%

),

12/19/30

....

United

States

70,513

70,513

US

Anesthesia

Partners,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.687

%

,

(

1-month

SOFR

+

4.25

%

),

10/02/28

.............

United

States

637,921

627,047

Waystar

Technologies,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

6.575

%

,

(

1-month

SOFR

+

2.25

%

),

10/22/29

.............

United

States

924,990

922,678

10,344,650

a

a

a

a

a

a

j

Health

Care

Technology

0.9%

AthenaHealth

Group,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

7.325

%

,

(

1-month

SOFR

+

3

%

),

2/15/29

................

United

States

1,736,532

1,719,167

Cotiviti,

Inc.,

First

Lien,

New

CME

Term

Loan,

B

,

7.073

%

,

(

1-month

SOFR

+

2.75

%

),

5/01/31

.....................

United

States

848,593

831,621

2,550,788

a

a

a

a

a

a

j

Hotels,

Restaurants

&

Leisure

2.2%

f

24

Hour

Fitness

Worldwide,

Inc.,

First

Lien,

Exit

CME

Term

Loan

,

PIK,

9.561

%

,

(

3-month

SOFR

+

5

%

),

12/29/25

............

United

States

1,316,318

495,811

Bally's

Corp.,

First

Lien,

CME

Term

Loan,

B

,

7.802

%

,

(

3-month

SOFR

+

3.25

%

),

10/02/28

...........................

United

States

972,954

868,882

Caesars

Entertainment,

Inc.,

First

Lien,

2023

Incremental

CME

Term

Loan,

B

,

6.563

%

,

(

3-month

SOFR

+

2.25

%

),

2/06/30

...

United

States

246,000

244,976

Fertitta

Entertainment

LLC,

First

Lien,

Initial

CME

Term

Loan,

B

,

7.825

%

,

(

1-month

SOFR

+

3.5

%

),

1/29/29

...............

United

States

663,767

654,507

Flynn

Restaurant

Group

LP,

First

Lien,

2025

CME

Term

Loan

,

8.074

%

,

(

1-month

SOFR

+

3.75

%

),

1/28/32

..............

United

States

171,695

168,618

Flynn

Restaurant

Group

LP,

First

Lien,

CME

Term

Loan

,

8.689

%

,

(

1-month

SOFR

+

4.25

%

),

12/01/28

....................

United

States

755,929

757,060

Golden

State

Foods

LLC,

First

Lien,

Initial

CME

Term

Loan

,

8.564

%

,

(

1-month

SOFR

+

4.25

%

),

12/04/31

.............

United

States

196,756

197,638

Great

Canadian

Gaming

Corp.,

First

Lien,

CME

Term

Loan,

B

,

9.053

%

,

(

3-month

SOFR

+

4.75

%

),

11/01/29

.............

Canada

395,350

390,532

Hilton

Grand

Vacations

Borrower

LLC,

First

Lien,

Initial

CME

Term

Loan

,

6.324

%

,

(

1-month

SOFR

+

2

%

),

8/02/28

............

United

States

448,529

446,899

IRB

Holding

Corp.,

First

Lien,

2024

Second

Repacement

CME

Term

Loan,

B

,

6.825

%

,

(

1-month

SOFR

+

2.5

%

),

12/15/27

...

United

States

345,640

343,869

Light

&

Wonder

International,

Inc.,

First

Lien,

CME

Term

Loan,

B2

,

6.566

%

,

(

1-month

SOFR

+

2.25

%

),

4/16/29

...........

United

States

159,148

158,961

Ontario

Gaming

GTA

LP,

First

Lien,

CME

Term

Loan,

B

,

8.549

%

,

(

3-month

SOFR

+

4.25

%

),

8/01/30

.....................

Canada

419,985

414,315

Penn

Entertainment,

Inc.,

First

Lien,

CME

Term

Loan,

B

,

6.825

%

,

(

1-month

SOFR

+

2.5

%

),

5/03/29

......................

United

States

107,184

107,245

Scientific

Games

Holdings

LP,

First

Lien,

2024

Refinancing

Dollar

CME

Term

Loan

,

7.296

%

,

(

3-month

SOFR

+

3

%

),

4/04/29

...

United

States

895,082

890,978

6,140,291

a

a

a

a

a

a

Household

Durables

0.1%

j

Hunter

Douglas,

Inc.,

First

Lien,

CME

Term

Loan,

B1

,

7.549

%

,

(

3-month

SOFR

+

3.25

%

),

1/16/32

.....................

Netherlands

266,571

255,509

Independent

Power

and

Renewable

Electricity

Producers

0.1%

j

Talen

Energy

Supply

LLC,

First

Lien,

Initial

CME

Term

Loan,

B

,

6.818

%

,

(

3-month

SOFR

+

2.5

%

),

5/17/30

...............

United

States

206,631

206,680

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

18

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

j

Insurance

2.2%

Acrisure

LLC,

First

Lien,

CME

Term

Loan,

B6

,

7.325

%

,

(

1-month

SOFR

+

3

%

),

11/06/30

..............................

United

States

1,113,532

$

1,108,560

Alliant

Holdings

Intermediate

LLC,

First

Lien,

Initial

CME

Term

Loan

,

7.069

%

,

(

1-month

SOFR

+

2.75

%

),

9/19/31

.........

United

States

952,753

947,989

AssuredPartners,

Inc.,

First

Lien,

2024

CME

Term

Loan

,

7.825

%

,

(

1-month

SOFR

+

3.5

%

),

2/14/31

......................

United

States

860,284

862,263

Asurion

LLC,

First

Lien,

New

CME

Term

Loan,

B10

,

8.425

%

,

(

1-month

SOFR

+

4

%

),

8/21/28

.......................

United

States

390,000

386,560

Asurion

LLC,

Second

Lien,

New

CME

Term

Loan,

B3

,

9.689

%

,

(

1-month

SOFR

+

5.25

%

),

1/31/28

.....................

United

States

32,665

31,031

Asurion

LLC,

Second

Lien,

New

CME

Term

Loan,

B4

,

9.689

%

,

(

1-month

SOFR

+

5.25

%

),

1/19/29

.....................

United

States

1,085,259

1,009,122

Broadstreet

Partners,

Inc.,

First

Lien,

2024

CME

Term

Loan,

B

,

7.325

%

,

(

1-month

SOFR

+

3

%

),

6/16/31

................

United

States

217,773

216,159

h

Sedgwick

Claims

Management

Services,

Inc.,

First

Lien,

2024

CME

Term

Loan

,

7.313

%

,

(

3-month

SOFR

+

3

%

),

7/31/31

...

United

States

1,272,885

1,270,199

Truist

Insurance

Holdings

LLC,

First

Lien,

CME

Term

Loan,

B

,

7.049

%

,

(

3-month

SOFR

+

2.75

%

),

5/06/31

..............

United

States

113,782

113,213

5,945,096

a

a

a

a

a

a

IT

Services

1.6%

j

Barracuda

Networks,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.791

%

,

(

3-month

SOFR

+

4.5

%

),

8/15/29

...............

United

States

819,134

713,056

f

Diamond

Sports

Net

LLC,

First

Lien,

Exit

Term

Loan

,

PIK,

15

%

,

1/03/28

.........................................

United

States

31,787

29,178

j

Fortress

Intermediate

3,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.075

%

,

(

1-month

SOFR

+

3.75

%

),

6/27/31

..............

United

States

127,482

127,403

j

Gainwell

Acquisition

Corp.,

First

Lien,

CME

Term

Loan,

B

,

8.399

%

,

(

3-month

SOFR

+

4

%

),

10/01/27

................

United

States

615,517

578,980

h,j

Kaseya,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

7.569

%

,

(

1-month

SOFR

+

3.25

%

),

3/05/32

............................

United

States

345,291

344,646

j

MH

Sub

I

LLC,

First

Lien,

2024

December

New

CME

Term

Loan

,

8.574

%

,

(

1-month

SOFR

+

4.25

%

),

12/31/31

.............

United

States

433,857

399,751

j

Nielsen

Consumer

LLC,

First

Lien,

Eleventh

Amendment

Dollar

Refinancing

CME

Term

Loan

,

7.825

%

,

(

1-month

SOFR

+

3.5

%

),

3/06/28

.........................................

United

States

581,875

580,711

j

Peraton

Corp.,

First

Lien,

CME

Term

Loan,

B

,

8.175

%

,

(

1-month

SOFR

+

3.75

%

),

2/01/28

............................

United

States

1,403,121

1,251,956

j

Plano

HoldCo,

Inc.,

First

Lien,

Closing

Date

CME

Term

Loan

,

7.799

%

,

(

3-month

SOFR

+

3.5

%

),

10/02/31

..............

United

States

333,333

332,500

4,358,181

a

a

a

a

a

a

j

Leisure

Products

0.1%

GBT

US

III

LLC,

First

Lien,

CME

Term

Loan,

B1

,

6.802

%

,

(

3-month

SOFR

+

2.5

%

),

7/25/31

......................

United

States

138,158

137,671

Recess

Holdings,

Inc.,

First

Lien,

Amendment

No.

5

CME

Term

Loan

,

8.047

%

,

(

3-month

SOFR

+

3.75

%

),

2/21/30

.........

United

States

21,344

21,384

159,055

a

a

a

a

a

a

j

Machinery

0.5%

Oregon

Tool

Holdings,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.585

%

,

(

3-month

SOFR

+

4

%

),

10/13/28

................

United

States

538,588

354,232

Pro

Mach

Group,

Inc.,

First

Lien,

Amendment

No.

5

Refinancing

CME

Term

Loan

,

7.075

%

,

(

1-month

SOFR

+

2.75

%

),

8/31/28

.

United

States

37,141

37,085

SunSource

Borrower

LLC,

First

Lien,

First

Refinancing

CME

Term

Loan

,

8.425

%

,

(

1-month

SOFR

+

4

%

),

3/25/31

............

United

States

396,992

381,964

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

19

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

j

Machinery

(continued)

TK

Elevator

Midco

GmbH,

First

Lien,

CME

Term

Loan,

C

,

7.737

%

,

(

6-month

SOFR

+

3.5

%

),

4/30/30

......................

Germany

688,811

$

687,823

1,461,104

a

a

a

a

a

a

j

Media

1.5%

Cengage

Learning,

Inc.,

First

Lien,

2024

Refinancing

CME

Term

Loan

,

7.825

%

,

(

1-month

SOFR

+

3.5%;

3-month

SOFR

+

3.5%

),

3/24/31

....................................

United

States

837,442

831,806

Gray

Media,

Inc.,

First

Lien,

CME

Term

Loan,

D

,

7.437

%

,

(

1-month

SOFR

+

3

%

),

12/01/28

......................

United

States

291,729

268,057

McGraw-Hill

Education,

Inc.,

First

Lien,

CME

Term

Loan,

B

,

7.575

%

,

(

1-month

SOFR

+

3.25

%

),

8/06/31

..............

United

States

601,558

601,344

MH

Sub

I

LLC

(Micro

Holding

Corp.),

First

Lien,

CME

Term

Loan

,

8.575

%

,

(

1-month

SOFR

+

4.25

%

),

5/03/28

..............

United

States

641,051

610,604

Univision

Communications,

Inc.,

First

Lien,

2024

Replacement

CME

Term

Loan

,

7.939

%

,

(

1-month

SOFR

+

3.5

%

),

1/23/29

..

United

States

694,750

677,816

Univision

Communications,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

7.689

%

,

(

1-month

SOFR

+

3.25

%

),

1/31/29

..............

United

States

332,120

321,601

Virgin

Media

Bristol

LLC,

First

Lien,

Advance

CME

Term

Loan,

Q

,

7.684

%

,

(

1-month

SOFR

+

3.25

%

),

1/31/29

..............

United

States

762,949

749,251

4,060,479

a

a

a

a

a

a

Paper

&

Forest

Products

0.2%

j

Glatfelter

Corp.,

First

Lien,

CME

Term

Loan

,

8.563

%

,

(

3-month

SOFR

+

4.25

%

),

11/04/31

...........................

United

States

598,500

597,378

j

Passenger

Airlines

1.3%

AAdvantage

Loyalty

IP

Ltd.,

First

Lien,

Initial

CME

Term

Loan

,

9.305

%

,

(

3-month

SOFR

+

4.75

%

),

4/20/28

..............

United

States

470,684

480,835

Air

Canada,

First

Lien,

CME

Term

Loan

,

6.319

%

,

(

1-month

SOFR

+

2

%

),

3/21/31

....................................

Canada

654,835

648,490

American

Airlines,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

6.507

%

,

(

6-month

SOFR

+

2.25

%

),

6/04/29

.....................

United

States

792,000

781,803

United

Airlines,

Inc.,

First

Lien,

CME

Term

Loan,

B

,

6.297

%

,

(

3-month

SOFR

+

2

%

),

2/24/31

.......................

United

States

498,482

498,036

WestJet

Loyalty

LP,

First

Lien,

Initial

CME

Term

Loan

,

7.579

%

,

(

3-month

SOFR

+

3.25

%

),

2/14/31

.....................

Canada

1,192,859

1,151,407

3,560,571

a

a

a

a

a

a

Personal

Care

Products

0.5%

j

Conair

Holdings

LLC,

First

Lien,

CME

Term

Loan,

B

,

8.188

%

,

(

1-month

SOFR

+

3.75

%

),

5/17/28

.....................

United

States

649,922

564,502

k

Opal

LLC,

First

Lien,

CME

Term

Loan

,

TBD,

2/01/32

.........

United

States

700,000

696,500

1,261,002

a

a

a

a

a

a

j

Pharmaceuticals

0.5%

Endo

Finance

Holdings,

Inc.,

First

Lien,

2024

Refinancing

CME

Term

Loan

,

8.325

%

,

(

1-month

SOFR

+

4

%

),

4/23/31

.......

United

States

518,487

514,728

Grifols

Worldwide

Operations

USA,

Inc.,

First

Lien,

CME

Term

Loan,

B

,

6.463

%

,

(

3-month

SOFR

+

2

%

),

11/15/27

.........

Spain

340,419

337,590

Jazz

Financing

Lux

SARL,

First

Lien,

Dollar

CME

Term

Loan,

B2

,

6.574

%

,

(

1-month

SOFR

+

2.25

%

),

5/05/28

..............

United

States

445,565

445,899

Southern

Veterinary

Partners

LLC,

First

Lien,

2024-3

New

CME

Term

Loan

,

7.575

%

,

(

1-month

SOFR

+

3.25

%

),

12/04/31

....

United

States

172,414

172,137

1,470,354

a

a

a

a

a

a

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

20

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

j

Professional

Services

0.7%

CHG

Healthcare

Services,

Inc.,

First

Lien,

Refinancing

CME

Term

Loan

,

7.313

%

,

(

3-month

SOFR

+

3

%

),

9/29/28

............

United

States

560,272

$

560,165

CoreLogic,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

7.939

%

,

(

1-month

SOFR

+

3.5

%

),

6/02/28

......................

United

States

594,355

584,450

Ingenovis

Health,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.825

%

,

(

3-month

SOFR

+

4.25

%

),

3/06/28

.....................

United

States

769,221

342,946

Soliant

Lower

Intermediate

LLC,

First

Lien,

Initial

CME

Term

Loan

,

8.002

%

,

(

3-month

SOFR

+

3.75

%

),

7/18/31

.........

United

States

580,980

572,265

2,059,826

a

a

a

a

a

a

Real

Estate

Management

&

Development

0.0%

†

j

Greystar

Real

Estate

Partners

LLC,

First

Lien,

CME

Term

Loan,

B2

,

7.05

%

,

(

3-month

SOFR

+

2.75

%

),

8/21/30

............

United

States

124,495

124,729

Semiconductors

&

Semiconductor

Equipment

0.2%

j

MKS

Instruments,

Inc.,

First

Lien,

2025-1

Dollar

CME

Term

Loan,

B

,

6.319

%

,

(

1-month

SOFR

+

2

%

),

8/17/29

..............

United

States

686,761

686,977

j

Software

5.5%

Boxer

Parent

Co.,

Inc.,

First

Lien,

2031

Replacement

Dollar

CME

Term

Loan

,

7.291

%

,

(

3-month

SOFR

+

3

%

),

7/30/31

.......

United

States

1,000,000

984,010

Central

Parent

LLC,

First

Lien,

2024

Refinancing

CME

Term

Loan

,

7.549

%

,

(

3-month

SOFR

+

3.25

%

),

7/06/29

.........

United

States

1,247,938

1,074,787

Cloud

Software

Group,

Inc.,

First

Lien,

Incremental

CME

Term

Loan,

B

,

8.079

%

,

(

3-month

SOFR

+

3.75

%

),

3/21/31

.......

United

States

467,578

463,655

Cloudera,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.175

%

,

(

1-month

SOFR

+

3.75

%

),

10/09/28

....................

United

States

467,395

461,917

Clover

Holdings

2

LLC,

First

Lien,

Initial

CME

Term

Loan

,

8.295

%

,

(

3-month

SOFR

+

4

%

),

12/09/31

......................

United

States

316,706

313,737

ConnectWise

LLC,

First

Lien,

Initial

CME

Term

Loan

,

8.061

%

,

(

3-month

SOFR

+

3.5

%

),

9/29/28

......................

United

States

263,112

263,222

Cornerstone

OnDemand,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.188

%

,

(

1-month

SOFR

+

3.75

%

),

10/16/28

.............

United

States

635,371

553,567

DCert

Buyer,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

8.325

%

,

(

1-month

SOFR

+

4

%

),

10/16/26

......................

United

States

986,532

961,992

ECI

Macola/Max

Holding

LLC,

First

Lien,

CME

Term

Loan,

B

,

7.549

%

,

(

3-month

SOFR

+

3.25

%

),

5/09/30

..............

United

States

607,982

608,961

Epicor

Software

Corp.,

First

Lien,

CME

Term

Loan,

E

,

7.075

%

,

(

1-month

SOFR

+

2.75

%

),

5/30/31

.....................

United

States

1,245,521

1,243,684

Flexera

Software

LLC,

First

Lien,

CME

Term

Loan,

B3

,

7.299

%

,

(

3-month

SOFR

+

3

%

),

3/03/28

.......................

United

States

65,420

65,164

Genesys

Cloud

Services,

Inc.,

First

Lien,

2025

Dollar

CME

Term

Loan

,

6.825

%

,

(

1-month

SOFR

+

2.5

%

),

1/30/32

..........

United

States

1,299,667

1,287,600

IGT

Holding

IV

AB,

First

Lien,

CME

Term

Loan,

B2

,

7.972

%

,

(

1-

day

SOFR

+

3.4

%

),

3/31/28

..........................

Sweden

509,570

510,844

Imprivata,

Inc.,

First

Lien,

2024

Refinancing

CME

Term

Loan

,

7.791

%

,

(

3-month

SOFR

+

3.5

%

),

12/01/27

..............

United

States

286,517

287,014

McAfee

Corp.,

First

Lien,

CME

Term

Loan,

B1

,

7.323

%

,

(

1-month

SOFR

+

3

%

),

3/01/29

...............................

United

States

1,241,893

1,188,492

Oceankey

US

II

Corp.,

First

Lien,

Initial

CME

Term

Loan

,

7.925

%

,

(

1-month

SOFR

+

3.5

%

),

12/15/28

.....................

United

States

299,229

298,982

Polaris

Newco

LLC,

First

Lien,

Dollar

CME

Term

Loan

,

8.302

%

,

(

3-month

SOFR

+

3.75

%

),

6/02/28

.....................

United

States

602,803

578,468

h

Project

Alpha

Intermediate

Holding,

Inc.,

First

Lien,

Second

Amendment

Refinancing

CME

Term

Loan

,

7.579

%

,

(

3-month

SOFR

+

3.25

%

),

10/28/30

...........................

United

States

818,429

817,574

Project

Boost

Purchaser

LLC,

First

Lien,

Initial

CME

Term

Loan

,

7.307

%

,

(

1-month

SOFR

+

3

%

),

7/16/31

................

United

States

355,255

353,673

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

21

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

j

Software

(continued)

Proofpoint,

Inc.,

First

Lien,

CME

Term

Loan

,

7.325

%

,

(

1-month

SOFR

+

3

%

),

8/31/28

...............................

United

States

452,346

$

451,428

Rocket

Software,

Inc.,

First

Lien,

CME

Term

Loan

,

8.575

%

,

(

1-month

SOFR

+

4.25

%

),

11/28/28

....................

United

States

604,124

603,372

Sovos

Compliance

LLC,

First

Lien,

Amendment

No.

2

Replacement

CME

Term

Loan

,

8.304

%

,

(

3-month

SOFR

+

4

%

),

8/13/29

.........................................

United

States

614,613

612,736

UKG,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

7.3

%

,

(

3-month

SOFR

+

3

%

),

2/10/31

...............................

United

States

644,069

643,428

Zelis

Payments

Buyer,

Inc.,

First

Lien,

Amendment

No.

5

CME

Term

Loan

,

7.575

%

,

(

1-month

SOFR

+

3.25

%

),

11/26/31

....

United

States

468,624

468,038

15,096,345

a

a

a

a

a

a

j

Specialty

Retail

1.7%

Evergreen

Acqco

1

LP,

First

Lien,

Initial

CME

Term

Loan

,

8.053

%

,

(

3-month

SOFR

+

3.75

%

),

4/26/28

.....................

United

States

372,663

370,449

f

GNC

Holdings,

Inc.,

Second

Lien,

CME

Term

Loan

,

PIK,

10.424

%

,

(

1-month

SOFR

+

6

%

),

10/07/26

...............

United

States

110,102

74,870

Great

Outdoors

Group

LLC,

First

Lien,

CME

Term

Loan,

B

,

7.575

%

,

(

1-month

SOFR

+

3.25

%

),

1/23/32

..............

United

States

821,097

820,378

Michaels

Cos.,

Inc.

(The),

First

Lien,

CME

Term

Loan,

B

,

8.84

%

,

(

3-month

SOFR

+

4.25

%

),

4/17/28

.....................

United

States

982,234

732,103

Petco

Health

&

Wellness

Co.,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

7.811

%

,

(

3-month

SOFR

+

3.25

%

),

3/03/28

.........

United

States

500,000

456,180

PetSmart

LLC,

First

Lien,

Initial

CME

Term

Loan

,

8.175

%

,

(

1-month

SOFR

+

3.75

%

),

2/11/28

.....................

United

States

499,992

493,220

RealTruck

Group,

Inc.,

First

Lien,

Initial

CME

Term

Loan

,

7.938

%

,

(

1-month

SOFR

+

3.5

%

),

1/31/28

......................

United

States

783,858

750,654

Specialty

Building

Products

Holdings

LLC,

First

Lien,

Initial

CME

Term

Loan

,

8.175

%

,

(

1-month

SOFR

+

3.75

%

),

10/16/28

....

United

States

266,484

253,714

White

Cap

Supply

Holdings

LLC,

First

Lien,

CME

Term

Loan,

C

,

7.575

%

,

(

1-month

SOFR

+

3.25

%

),

10/19/29

.............

United

States

675,121

656,193

4,607,761

a

a

a

a

a

a

j

Textiles,

Apparel

&

Luxury

Goods

0.6%

Flash

Charm,

Inc.,

First

Lien,

CME

Term

Loan,

B2

,

7.791

%

,

(

3-month

SOFR

+

3.5

%

),

3/02/28

......................

United

States

1,323,410

1,230,149

Varsity

Brands,

Inc.,

First

Lien,

CME

Term

Loan,

B

,

7.819

%

,

(

3-month

SOFR

+

3.5

%

),

8/26/31

......................

United

States

448,718

440,726

1,670,875

a

a

a

a

a

a

Trading

Companies

&

Distributors

0.2%

j

Foundation

Building

Materials,

Inc.,

First

Lien,

CME

Term

Loan

,

8.552

%

,

(

3-month

SOFR

+

4

%

),

1/29/31

................

United

States

675,544

618,265

j

Transportation

Infrastructure

0.1%

f

LaserShip,

Inc.,

First

Lien,

CME

Term

Loan,

B1

,

PIK,

5.929

%

,

(

1-month

SOFR

+

1.5

%

),

8/10/29

......................

United

States

323,495

190,422

f

LaserShip,

Inc.,

First

Lien,

CME

Term

Loan,

D

,

PIK,

6.061

%

,

(

3-month

SOFR

+

1.5

%

),

8/10/29

......................

United

States

234,255

58,684

249,106

a

a

a

a

a

a

Total

Senior

Floating

Rate

Interests

(Cost

$

119,163,487

)

.......................

114,631,221

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

22

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

l

Marketplace

Loans

19.3%

b

Financial

Services

19.3%

a

a

a

a

a

a

Total

Marketplace

Loans

(Cost

$

57,986,118

)

..................................

$

52,855,355

Asset-Backed

Securities

8.0%

Capital

Markets

0.0%

†

d

,j

Merrill

Lynch

Mortgage

Investors

Trust

,

2003-OPT1

,

B2

,

FRN

,

8.56

%

,

(

1-month

SOFR

+

4.239

%

),

7/25/34

.

..............

United

States

33,301

16,103

Financial

Services

8.0%

c

,d

,j

BlueMountain

CLO

XXVI

Ltd.

,

2019-26A

,

CR

,

144A,

FRN

,

6.755

%

,

(

3-month

SOFR

+

2.462

%

),

10/20/34

.

............

United

States

2,000,000

2,003,001

c

,j

BlueMountain

CLO

XXXI

Ltd.

,

2021-31A

,

D

,

144A,

FRN

,

7.555

%

,

(

3-month

SOFR

+

3.262

%

),

4/19/34

.

...................

United

States

1,000,000

998,745

c

,j

Carlyle

Global

Market

Strategies

CLO

Ltd.

,

2014-1A

,

CR2

,

144A,

FRN

,

6.364

%

,

(

3-month

SOFR

+

2.062

%

),

4/17/31

..................................

United

States

1,500,000

1,500,512

2014-1A

,

DR

,

144A,

FRN

,

7.164

%

,

(

3-month

SOFR

+

2.862

%

),

4/17/31

.........................................

United

States

2,300,000

2,303,564

c

,j

Carlyle

US

CLO

Ltd.

,

2017-2A

,

D1R2

,

144A,

FRN

,

7.843

%

,

(

3-month

SOFR

+

3.55

%

),

7/20/37

...................................

United

States

2,000,000

2,026,186

2017-4A

,

C

,

144A,

FRN

,

7.364

%

,

(

3-month

SOFR

+

3.062

%

),

1/15/30

.........................................

United

States

1,000,000

1,001,399

2019-1A

,

BR

,

144A,

FRN

,

6.755

%

,

(

3-month

SOFR

+

2.462

%

),

4/20/31

.........................................

United

States

1,500,000

1,504,556

c

,m

Consumer

Loan

Underlying

Bond

Certificate

Issuer

Trust

I

,

2019-51

,

PT

,

144A,

FRN

,

2.745

%

,

1/15/45

...............

United

States

2,551

2,390

2019-52

,

PT

,

144A,

FRN

,

16.268

%

,

1/15/45

..............

United

States

2,724

1,772

2020-2

,

PT

,

144A,

FRN

,

16.26

%

,

3/15/45

................

United

States

2,503

2,333

2020-7

,

PT

,

144A,

FRN

,

16.119

%

,

4/17/45

...............

United

States

1,479

1,373

c

,j

KKR

CLO

26

Ltd.

,

CR

,

144A,

FRN

,

6.764

%

,

(

3-month

SOFR

+

2.462

%

),

10/15/34

.

.................................

United

States

1,500,000

1,505,222

d

,j

Morgan

Stanley

ABS

Capital

I,

Inc.

Trust

,

2003-NC10

,

B1

,

FRN

,

9.385

%

,

(

1-month

SOFR

+

5.064

%

),

10/25/33

.

............

United

States

166,692

188,227

c

,j

Newark

BSL

CLO

1

Ltd.

,

2016-1A

,

CR

,

144A,

FRN

,

7.562

%

,

(

3-month

SOFR

+

3.262

%

),

12/21/29

.

..................

United

States

1,000,000

1,001,570

c

,j

Octagon

Investment

Partners

XXII

Ltd.

,

2014-1A

,

CRR

,

144A,

FRN

,

6.452

%

,

(

3-month

SOFR

+

2.162

%

),

1/22/30

.

........

United

States

6,050,000

6,060,994

c

,m

Prosper

Pass-Thru

Trust

III

,

2020-PT1

,

A

,

144A,

FRN

,

8.796

%

,

3/15/26

...............

United

States

1,861

1,067

2020-PT2

,

A

,

144A,

FRN

,

9.444

%

,

4/15/26

...............

United

States

1,229

512

2020-PT3

,

A

,

144A,

FRN

,

7.183

%

,

5/15/26

...............

United

States

355

247

d

,j

Structured

Asset

Investment

Loan

Trust

,

2003-BC2

,

M3

,

FRN

,

9.31

%

,

(

1-month

SOFR

+

4.989

%

),

4/25/33

.

..............

United

States

13,987

16,612

c

,j

Voya

CLO

Ltd.

,

2014-1A

,

BR2

,

144A,

FRN

,

6.455

%

,

(

3-month

SOFR

+

2.162

%

),

4/18/31

..................................

United

States

1,300,000

1,300,447

2014-1A

,

CR2

,

144A,

FRN

,

7.355

%

,

(

3-month

SOFR

+

3.062

%

),

4/18/31

..................................

United

States

500,000

499,513

21,920,242

a

a

a

a

a

a

Total

Asset-Backed

Securities

(Cost

$

21,499,443

)

.............................

21,936,345

Mortgage-Backed

Securities

15.1%

Federal

Home

Loan

Mortgage

Corp.

(FHLMC)

Fixed

Rate

0.9%

d

FHLMC

Gold

Pool,

20

Year

,

6.5

%,

8/01/27

................

United

States

16,897

17,441

d

FHLMC

Gold

Pool,

30

Year

,

3.5

%,

3/01/45

................

United

States

7,967

7,382

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

23

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Mortgage-Backed

Securities

(continued)

Federal

Home

Loan

Mortgage

Corp.

(FHLMC)

Fixed

Rate

(continued)

d

FHLMC

Gold

Pool,

30

Year

,

3.5

%,

12/01/48

...............

United

States

1,468,961

$

1,345,817

d

FHLMC

Gold

Pool,

30

Year

,

4

%,

5/01/48

..................

United

States

1,036,632

980,979

d

FHLMC

Gold

Pool,

30

Year

,

6

%,

7/01/28

-

11/01/36

..........

United

States

147,319

152,748

d

FHLMC

Gold

Pool,

30

Year

,

6.5

%,

3/01/38

................

United

States

5,193

5,419

d

FHLMC

Gold

Pool,

30

Year

,

7

%,

9/01/27

..................

United

States

6,828

7,136

d

FHLMC

Gold

Pool,

30

Year

,

8.5

%,

7/01/31

................

United

States

26,090

27,545

2,544,467

n

Federal

National

Mortgage

Association

(FNMA)

Adjustable

Rate

0.0%

†

FNMA

,

6.29

%

-

6.35

%,

(

6-month

Refinitiv

USD

IBOR

Consumer

Cash

Fallbacks

+/-

MBS

Margin),

6/01/32

-

7/01/34

........

United

States

44,099

44,440

44,440

Federal

National

Mortgage

Association

(FNMA)

Fixed

Rate

7.2%

FNMA

,

3.5

%,

7/01/56

................................

United

States

346,157

311,899

d

FNMA,

15

Year

,

2

%,

9/01/35

...........................

United

States

675,911

616,010

d

FNMA,

15

Year

,

3

%,

8/01/27

...........................

United

States

1,077

1,057

d

FNMA,

15

Year

,

3.5

%,

1/01/26

.........................

United

States

758

753

d

FNMA,

20

Year

,

4.5

%,

9/01/29

.........................

United

States

7,550

7,525

d

FNMA,

30

Year

,

3

%,

10/01/50

..........................

United

States

2,254,257

1,972,863

d

FNMA,

30

Year

,

3.5

%,

1/01/45

-

6/01/45

..................

United

States

357,278

332,479

d

FNMA,

30

Year

,

4

%,

10/01/47

..........................

United

States

1,556,790

1,471,597

d

FNMA,

30

Year

,

4

%,

11/01/44

-

1/01/48

...................

United

States

474,977

449,004

d

FNMA,

30

Year

,

4.5

%,

3/01/44

.........................

United

States

572

560

d

FNMA,

30

Year

,

5

%,

5/01/38

-

7/01/39

....................

United

States

108,166

108,947

d

FNMA,

30

Year

,

5.5

%,

6/01/37

.........................

United

States

101,006

102,883

d

FNMA,

30

Year

,

5.5

%,

3/01/54

.........................

United

States

8,091,172

8,085,812

d

FNMA,

30

Year

,

6

%,

4/01/33

-

6/01/38

....................

United

States

230,652

239,886

d

FNMA,

30

Year

,

6.5

%,

8/01/32

.........................

United

States

31,328

32,752

o

Uniform

Mortgage-Backed

Securities

,

5.5

%

,

TBA,

4/25/55

.....

United

States

3,010,000

3,006,469

o

Uniform

Mortgage-Backed

Securities

,

6

%

,

TBA,

4/25/55

......

United

States

2,950,000

2,996,605

19,737,101

Government

National

Mortgage

Association

(GNMA)

Fixed

Rate

7.0%

d

GNMA

I,

Single-family,

30

Year

,

6.5

%,

6/15/31

-

12/15/33

......

United

States

124,720

129,200

d

GNMA

II,

Single-family,

30

Year

,

3.5

%,

12/20/49

............

United

States

594,524

546,389

o

GNMA

II,

Single-family,

30

Year

,

5.5

%,

4/15/55

.............

United

States

9,220,000

9,240,389

o

GNMA

II,

Single-family,

30

Year

,

6

%,

4/15/55

...............

United

States

9,060,000

9,196,329

d

GNMA

II,

Single-family,

30

Year

,

7

%,

1/20/29

...............

United

States

3,551

3,668

d

GNMA

II,

Single-family,

30

Year

,

8

%,

1/20/28

-

10/20/31

......

United

States

22,080

23,143

19,139,118

Total

Mortgage-Backed

Securities

(Cost

$

42,424,375

)

..........................

41,465,126

Municipal

Bonds

0.1%

Arizona

0.1%

c

Maricopa

County

Industrial

Development

Authority

,

Grand

Canyon

University

Obligated

Group

,

Revenue

,

144A,

2024

,

7.375

%

,

10/01/29

........................................

United

States

375,000

387,178

Total

Municipal

Bonds

(Cost

$

377,219

)

.......................................

387,178

Shares

a

Escrows

and

Litigation

Trusts

0.0%

a,b

Endo

GUC

Trust,

Escrow

Account

.......................

United

States

82,310

—

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

24

See

Abbreviations

on

page

123

.

a

a

Country

Shares

a

Value

a

a

a

a

a

a

Escrows

and

Litigation

Trusts

(continued)

a,b

Endo,

Inc.,

Escrow

Account

............................

United

States

703,000

$

—

Total

Escrows

and

Litigation

Trusts

(Cost

$

–

)

.................................

—

Total

Long

Term

Investments

(Cost

$

409,403,843

)

.............................

390,079,127

a

Short

Term

Investments

3.4%

a

a

Country

Shares

a

Value

a

a

a

a

a

a

Money

Market

Funds

3.4%

p,q

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio

,

4.052

%

..

United

States

9,248,970‌

9,248,970

Total

Money

Market

Funds

(Cost

$

9,248,970

)

.................................

9,248,970

Total

Short

Term

Investments

(Cost

$

9,248,970

)

...............................

9,248,970

a

Total

Investments

(Cost

$

418,652,813

)

145.7

%

................................

$399,328,097

Reverse

Repurchase

Agreements

(

3.7

)

%

.....................................

(10,013,019)

Credit

Facility

(

35.6

)

%

......................................................

(97,500,000)

Other

Assets,

less

Liabilities

(

6.4

)

%

.........................................

(17,744,879)

Net

Assets

100.0%

.........................................................

$274,070,199

a

a

a

Amount

Borrowed

Payable

Reverse

Repurchase

Agreements

(3.7)%

Joint

Repurchase

Agreement

,

4.8

%

,

4/03/25

...............

$

323,862

$

(

327,662

)

Joint

Repurchase

Agreement

,

4.8

%

,

4/03/25

...............

1,053,172

(

1,065,530

)

Joint

Repurchase

Agreement

,

4.8

%

,

4/03/25

...............

1,022,465

(

1,034,462

)

Joint

Repurchase

Agreement

,

4.8

%

,

4/03/25

...............

404,494

(

409,240

)

Joint

Repurchase

Agreement

,

4.8

%

,

4/03/25

...............

1,042,102

(

1,054,329

)

Joint

Repurchase

Agreement

,

4.8

%

,

4/03/25

...............

953,870

(

965,062

)

Joint

Repurchase

Agreement

,

4.8

%

,

4/03/25

...............

825,138

(

834,819

)

Joint

Repurchase

Agreement

,

4.8

%

,

4/03/25

...............

39,219

(

39,580

)

Joint

Repurchase

Agreement

,

4.85

%

,

4/03/25

..............

770,600

(

779,736

)

Joint

Repurchase

Agreement

,

4.85

%

,

4/03/25

..............

520,637

(

526,809

)

Joint

Repurchase

Agreement

,

4.85

%

,

4/03/25

..............

1,292,053

(

1,307,371

)

Joint

Repurchase

Agreement

,

4.9

%

,

4/03/25

...............

264,620

(

267,789

)

Joint

Repurchase

Agreement

,

4.95

%

,

4/03/25

..............

261,900

(

265,069

)

Joint

Repurchase

Agreement

,

5.09

%

,

4/03/25

..............

1,121,606

(

1,135,561

)

Total

Reverse

Repurchase

Agreements

(Proceeds

$

(

9,895,737

)

)

................

$(10,013,019)

*

The

principal

amount

is

stated

in

U.S.

dollars

unless

otherwise

indicated.

†

Rounds

to

less

than

0.1%

of

net

assets.

a

Non-income

producing.

b

Fair

valued

using

significant

unobservable

inputs.

See

Note

5

regarding

fair

value

measurements.

c

Security

was

purchased

pursuant

to

Rule

144A

or

Regulation

S

under

the

Securities

Act

of

1933.

144A

securities

may

be

sold

in

transactions

exempt

from

registration

only

to

qualified

institutional

buyers

or

in

a

public

offering

registered

under

the

Securities

Act

of

1933.

Regulation

S

securities

cannot

be

sold

in

the

United

States

without

either

an

effective

registration

statement

filed

pursuant

to

the

Securities

Act

of

1933,

or

pursuant

to

an

exemption

from

registration.

At

March

31,

2025,

the

aggregate

value

of

these

securities

was

$170,560,562,

representing

62.2%

of

net

assets.

d

A

portion

or

all

of

the

security

is

pledged

as

collateral

in

connection

with

the

Fund’s

credit

facility.

e

A

portion

or

all

of

the

security

is

designated

as

collateral

for

reverse

repurchase

agreements.

f

Income

may

be

received

in

additional

securities

and/or

cash.

g

Defaulted

security

or

security

for

which

income

has

been

deemed

uncollectible.

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

25

h

A

portion

or

all

of

the

security

purchased

on

a

delayed

delivery

basis.

i

The

rate

shown

represents

the

yield

at

period

end.

j

The

coupon

rate

shown

represents

the

rate

inclusive

of

any

caps

or

floors,

if

applicable,

in

effect

at

period

end.

k

A

portion

or

all

of

the

security

represents

an

unsettled

loan

commitment.

The

coupon

rate

is

to-be

determined

(TBD)

at

the

time

of

the

settlement

and

will

be

based

upon

a

reference

index/floor

plus

a

spread.

l

See

full

breakdown

of

marketplace

loans

holdings

in

the

table

at

the

end

of

this

schedule.

m

Adjustable

rate

security

with

an

interest

rate

that

is

not

based

on

a

published

reference

index

and

spread.

The

rate

is

based

on

the

structure

of

the

agreement

and

current

market

conditions.

The

coupon

rate

shown

represents

the

rate

at

period

end.

n

Adjustable

Rate

Mortgage-Backed

Security

(ARM);

the

rate

shown

is

the

effective

rate

at

period

end.

ARM

rates

are

not

based

on

a

published

reference

rate

and

spread;

they

are

based

on

the

weighted

average

rates

of

the

underlying

mortgage

loans,

less

the

applicable

servicing

and

guarantee

fees

(MBS

margin).

o

Security

purchased

on

a

to-be-announced

(TBA)

basis.

p

See

Note

4

regarding

investments

in

affiliated

management

investment

companies.

q

The

rate

shown

is

the

annualized

seven-day

effective

yield

at

period

end.

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited),

March

31,

2025

Franklin

Limited

Duration

Income

Trust

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

26

At

March

31,

2025,

the

Fund

had

the

following

marketplace

loans

outstanding.

Description

Principal

Amount

Value

Marketplace

Loans

-

19.3%

Block,

Inc.

a

7165963.SQ.FTS.B

,

6

.392

%

,

4/29/25

....

$

378

$

169

a

7170716.SQ.FTS.B

,

4

.654

%

,

4/30/25

....

2,129

1,489

a

7173420.SQ.FTS.B

,

5

.378

%

,

4/30/25

....

4,098

110

a

7171851.SQ.FTS.B

,

5

.561

%

,

4/30/25

....

885

695

a

7170347.SQ.FTS.B

,

5

.996

%

,

4/30/25

....

111

86

a

7170382.SQ.FTS.B

,

6

.172

%

,

4/30/25

....

261

108

a

7174416.SQ.FTS.B

,

5

.379

%

,

5/01/25

....

1,948

60

a

7174615.SQ.FTS.B

,

6

.263

%

,

5/01/25

....

2,929

78

a

7183615.SQ.FTS.B

,

4

.936

%

,

5/02/25

....

5,465

641

a

7179478.SQ.FTS.B

,

4

.939

%

,

5/02/25

....

7,904

3,562

a

7180815.SQ.FTS.B

,

5

.189

%

,

5/02/25

....

40,189

27,636

a

7180418.SQ.FTS.B

,

5

.19

%

,

5/02/25

.....

9,077

5,776

a

7180069.SQ.FTS.B

,

6

.003

%

,

5/02/25

....

189

135

a

7187557.SQ.FTS.B

,

4

.938

%

,

5/03/25

....

4,366

3,191

a

7184507.SQ.FTS.B

,

4

.942

%

,

5/03/25

....

1,724

1,247

a

7187451.SQ.FTS.B

,

5

.379

%

,

5/03/25

....

5,960

2,585

a

7188296.SQ.FTS.B

,

6

.424

%

,

5/04/25

....

476

273

a

7189106.SQ.FTS.B

,

5

.996

%

,

5/05/25

....

662

473

a

7192584.SQ.FTS.B

,

5

.755

%

,

5/06/25

....

5,371

2,259

a

7194324.SQ.FTS.B

,

5

.189

%

,

5/07/25

....

16,993

489

a

7194913.SQ.FTS.B

,

5

.434

%

,

5/07/25

....

925

18

a

7197003.SQ.FTS.B

,

5

.571

%

,

5/07/25

....

1,102

728

a

7199276.SQ.FTS.B

,

4

.938

%

,

5/08/25

....

32,102

1,147

a

7200153.SQ.FTS.B

,

5

.376

%

,

5/08/25

....

16,216

237

a

7200960.SQ.FTS.B

,

5

.786

%

,

5/08/25

....

94

67

a

7200668.SQ.FTS.B

,

6

.158

%

,

5/08/25

....

1,887

60

a

7205002.SQ.FTS.B

,

4

.654

%

,

5/09/25

....

75,336

1,589

a

7206980.SQ.FTS.B

,

6

.414

%

,

5/09/25

....

13,640

414

a

7204916.SQ.FTS.B

,

6

.415

%

,

5/09/25

....

1,800

603

a

7209796.SQ.FTS.B

,

5

.566

%

,

5/10/25

....

24,955

18,922

a

7212674.SQ.FTS.B

,

5

.567

%

,

5/12/25

....

32

25

a

7212464.SQ.FTS.B

,

6

.247

%

,

5/12/25

....

566

66

a

7214825.SQ.FTS.B

,

4

.752

%

,

5/13/25

....

6,212

102

a

7213115.SQ.FTS.B

,

4

.939

%

,

5/13/25

....

4,823

3,608

a

7214936.SQ.FTS.B

,

5

.377

%

,

5/13/25

....

9,404

7,192

a

7213955.SQ.FTS.B

,

5

.451

%

,

5/13/25

....

132

90

a

7212718.SQ.FTS.B

,

5

.544

%

,

5/13/25

....

877

496

a

7218588.SQ.FTS.B

,

5

.57

%

,

5/14/25

.....

848

593

a

7223668.SQ.FTS.B

,

4

.756

%

,

5/15/25

....

916

29

a

7223750.SQ.FTS.B

,

5

.378

%

,

5/15/25

....

149

126

a

7221936.SQ.FTS.B

,

5

.772

%

,

5/15/25

....

217

115

a

7229548.SQ.FTS.B

,

5

.568

%

,

5/16/25

....

4,365

3,137

a

7227981.SQ.FTS.B

,

5

.77

%

,

5/16/25

.....

1,615

31

a

7227866.SQ.FTS.B

,

6

.012

%

,

5/16/25

....

1,709

1,096

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7233660.SQ.FTS.B

,

4

.73

%

,

5/17/25

.....

$

658

$

14

a

7233812.SQ.FTS.B

,

4

.78

%

,

5/17/25

.....

196

125

a

7232691.SQ.FTS.B

,

5

.755

%

,

5/17/25

....

35,086

2,552

a

7235467.SQ.FTS.B

,

5

.189

%

,

5/19/25

....

1,342

1,104

a

7238159.SQ.FTS.B

,

5

.747

%

,

5/20/25

....

1,427

406

a

7243958.SQ.FTS.B

,

4

.653

%

,

5/21/25

....

16,197

423

a

7243571.SQ.FTS.B

,

4

.937

%

,

5/21/25

....

703

658

a

7244207.SQ.FTS.B

,

5

.566

%

,

5/21/25

....

4,853

3,804

a

7244363.SQ.FTS.B

,

5

.573

%

,

5/21/25

....

2,610

69

a

7244108.SQ.FTS.B

,

5

.75

%

,

5/21/25

.....

1,133

150

a

7248245.SQ.FTS.B

,

4

.65

%

,

5/22/25

.....

1,163

947

a

7248727.SQ.FTS.B

,

4

.654

%

,

5/22/25

....

1,516

1,493

a

7249505.SQ.FTS.B

,

5

.38

%

,

5/22/25

.....

4,386

82

a

7249579.SQ.FTS.B

,

5

.565

%

,

5/22/25

....

9,581

259

a

7250972.SQ.FTS.B

,

5

.749

%

,

5/22/25

....

1,122

68

a

7248608.SQ.FTS.B

,

6

.162

%

,

5/22/25

....

1,522

49

a

7251367.SQ.FTS.B

,

4

.936

%

,

5/23/25

....

2,158

1,819

a

7251706.SQ.FTS.B

,

5

.561

%

,

5/23/25

....

1,656

1,260

a

7251651.SQ.FTS.B

,

5

.755

%

,

5/23/25

....

5,006

3,273

a

7253125.SQ.FTS.B

,

6

.008

%

,

5/24/25

....

9,228

3,388

a

7254942.SQ.FTS.B

,

5

.181

%

,

5/25/25

....

683

351

a

7255280.SQ.FTS.B

,

5

.581

%

,

5/25/25

....

2,104

40

a

7255995.SQ.FTS.B

,

6

.157

%

,

5/25/25

....

1,767

35

a

7255984.SQ.FTS.B

,

6

.245

%

,

5/25/25

....

775

203

a

7256298.SQ.FTS.B

,

5

.19

%

,

5/26/25

.....

268

240

a

7262165.SQ.FTS.B

,

4

.654

%

,

5/28/25

....

17,502

12,653

a

7261827.SQ.FTS.B

,

4

.937

%

,

5/28/25

....

6,837

5,319

a

7262587.SQ.FTS.B

,

5

.566

%

,

5/28/25

....

11,195

1,238

a

7261221.SQ.FTS.B

,

5

.986

%

,

5/28/25

....

136

88

a

7261105.SQ.FTS.B

,

6

.154

%

,

5/28/25

....

766

57

a

7265503.SQ.FTS.B

,

6

.175

%

,

5/29/25

....

485

244

a

7273080.SQ.FTS.B

,

4

.653

%

,

5/30/25

....

951

929

a

7269934.SQ.FTS.B

,

5

.565

%

,

5/30/25

....

2,977

1,919

a

7273316.SQ.FTS.B

,

5

.753

%

,

5/30/25

....

14,525

291

a

7273451.SQ.FTS.B

,

6

.415

%

,

5/30/25

....

1,542

1,084

a

7276376.SQ.FTS.B

,

4

.655

%

,

6/01/25

....

13,113

435

a

7274153.SQ.FTS.B

,

6

.005

%

,

6/01/25

....

9,498

6,384

a

7278984.SQ.FTS.B

,

5

.435

%

,

6/03/25

....

67

47

a

7281920.SQ.FTS.B

,

4

.75

%

,

6/04/25

.....

628

274

a

7281310.SQ.FTS.B

,

5

.566

%

,

6/04/25

....

1,318

982

a

7281741.SQ.FTS.B

,

5

.753

%

,

6/04/25

....

125

109

a

7287198.SQ.FTS.B

,

5

.187

%

,

6/05/25

....

2,481

2,105

a

7285051.SQ.FTS.B

,

6

.002

%

,

6/05/25

....

1,050

642

a

7290561.SQ.FTS.B

,

4

.937

%

,

6/06/25

....

28,751

2,059

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

27

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7290026.SQ.FTS.B

,

5

.38

%

,

6/06/25

.....

$

12,287

$

172

a

7296850.SQ.FTS.B

,

4

.654

%

,

6/07/25

....

4,805

4,600

a

7297748.SQ.FTS.B

,

4

.75

%

,

6/07/25

.....

559

279

a

7296387.SQ.FTS.B

,

6

.162

%

,

6/07/25

....

11,547

5,700

a

7293665.SQ.FTS.B

,

6

.167

%

,

6/07/25

....

640

308

a

7296180.SQ.FTS.B

,

6

.416

%

,

6/07/25

....

2,938

1,389

a

7299120.SQ.FTS.B

,

4

.938

%

,

6/08/25

....

3,322

2,388

a

7300878.SQ.FTS.B

,

5

.198

%

,

6/08/25

....

335

259

a

7298379.SQ.FTS.B

,

5

.565

%

,

6/08/25

....

12,186

984

a

7300855.SQ.FTS.B

,

5

.736

%

,

6/08/25

....

1,131

40

a

7299245.SQ.FTS.B

,

6

.171

%

,

6/08/25

....

3,563

49

a

7299309.SQ.FTS.B

,

6

.258

%

,

6/08/25

....

8,762

4,326

a

7302186.SQ.FTS.B

,

4

.727

%

,

6/09/25

....

1,118

15

a

7301783.SQ.FTS.B

,

5

.374

%

,

6/09/25

....

359

349

a

7302660.SQ.FTS.B

,

5

.439

%

,

6/10/25

....

1,300

29

a

7303400.SQ.FTS.B

,

5

.759

%

,

6/10/25

....

2,676

1,780

a

7305010.SQ.FTS.B

,

5

.567

%

,

6/11/25

....

1,605

1,031

a

7309810.SQ.FTS.B

,

4

.937

%

,

6/12/25

....

19,077

502

a

7313548.SQ.FTS.B

,

4

.938

%

,

6/12/25

....

21,476

13,962

a

7313455.SQ.FTS.B

,

5

.755

%

,

6/12/25

....

2,644

2,134

a

7316921.SQ.FTS.B

,

5

.384

%

,

6/13/25

....

781

533

a

7316695.SQ.FTS.B

,

6

.005

%

,

6/13/25

....

583

206

a

7322262.SQ.FTS.B

,

4

.937

%

,

6/14/25

....

19,521

11,831

a

7320914.SQ.FTS.B

,

5

.372

%

,

6/14/25

....

1,102

594

a

7321205.SQ.FTS.B

,

6

.132

%

,

6/14/25

....

463

6

a

7326597.SQ.FTS.B

,

5

.18

%

,

6/15/25

.....

118

113

a

7324843.SQ.FTS.B

,

5

.761

%

,

6/15/25

....

1,080

511

a

7326549.SQ.FTS.B

,

5

.763

%

,

6/15/25

....

1,832

740

a

7324812.SQ.FTS.B

,

6

.164

%

,

6/15/25

....

705

18

a

7326850.SQ.FTS.B

,

6

.165

%

,

6/15/25

....

184

91

a

7329000.SQ.FTS.B

,

6

.175

%

,

6/16/25

....

621

325

a

7328067.SQ.FTS.B

,

6

.259

%

,

6/16/25

....

6,918

4,385

a

7329113.SQ.FTS.B

,

5

.19

%

,

6/17/25

.....

10,623

1,236

a

7329506.SQ.FTS.B

,

5

.756

%

,

6/17/25

....

4,395

100

a

7334033.SQ.FTS.B

,

4

.717

%

,

6/18/25

....

194

72

a

7334213.SQ.FTS.B

,

4

.76

%

,

6/18/25

.....

2,715

21

a

7330370.SQ.FTS.B

,

5

.368

%

,

6/18/25

....

2,170

51

a

7330811.SQ.FTS.B

,

5

.56

%

,

6/18/25

.....

2,557

1,488

a

7334073.SQ.FTS.B

,

6

.004

%

,

6/18/25

....

2,701

1,856

a

7335358.SQ.FTS.B

,

4

.735

%

,

6/19/25

....

162

96

a

7337996.SQ.FTS.B

,

5

.192

%

,

6/19/25

....

3,988

339

a

7337001.SQ.FTS.B

,

5

.378

%

,

6/19/25

....

5,910

4,518

a

7335700.SQ.FTS.B

,

5

.379

%

,

6/19/25

....

21,677

277

a

7336392.SQ.FTS.B

,

5

.387

%

,

6/19/25

....

257

212

a

7334461.SQ.FTS.B

,

6

.01

%

,

6/19/25

.....

315

218

a

7340973.SQ.FTS.B

,

5

.181

%

,

6/20/25

....

914

577

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7338810.SQ.FTS.B

,

5

.375

%

,

6/20/25

....

$

3,180

$

1,483

a

7339691.SQ.FTS.B

,

5

.563

%

,

6/20/25

....

1,513

1,189

a

7340466.SQ.FTS.B

,

6

.416

%

,

6/20/25

....

6,487

71

a

7346272.SQ.FTS.B

,

4

.654

%

,

6/21/25

....

1,400

1,327

a

7344629.SQ.FTS.B

,

4

.657

%

,

6/21/25

....

1,176

1,091

a

7346697.SQ.FTS.B

,

5

.745

%

,

6/21/25

....

340

307

a

7344615.SQ.FTS.B

,

5

.757

%

,

6/21/25

....

634

194

a

7344686.SQ.FTS.B

,

5

.984

%

,

6/21/25

....

680

37

a

7344580.SQ.FTS.B

,

6

.421

%

,

6/21/25

....

364

296

a

7348182.SQ.FTS.B

,

5

.191

%

,

6/22/25

....

7,042

4,691

a

7350116.SQ.FTS.B

,

5

.377

%

,

6/22/25

....

8,273

3,762

a

7351088.SQ.FTS.B

,

5

.38

%

,

6/22/25

.....

878

778

a

7351036.SQ.FTS.B

,

6

.153

%

,

6/22/25

....

2,146

975

a

7350364.SQ.FTS.B

,

6

.164

%

,

6/22/25

....

2,982

1,198

a

7352296.SQ.FTS.B

,

5

.374

%

,

6/23/25

....

325

296

a

7352326.SQ.FTS.B

,

5

.566

%

,

6/23/25

....

2,433

1,874

a

7351905.SQ.FTS.B

,

5

.572

%

,

6/23/25

....

607

450

a

7352037.SQ.FTS.B

,

5

.995

%

,

6/23/25

....

1,932

765

a

7353627.SQ.FTS.B

,

6

.258

%

,

6/25/25

....

28,155

17,342

a

7359659.SQ.FTS.B

,

4

.937

%

,

6/27/25

....

4,852

4,111

a

7360784.SQ.FTS.B

,

5

.569

%

,

6/27/25

....

1,935

1,506

a

7361225.SQ.FTS.B

,

5

.741

%

,

6/27/25

....

1,044

635

a

7360537.SQ.FTS.B

,

5

.999

%

,

6/27/25

....

1,325

745

a

7360259.SQ.FTS.B

,

6

.26

%

,

6/27/25

.....

12,016

277

a

7365864.SQ.FTS.B

,

4

.754

%

,

6/28/25

....

1,280

27

a

7367432.SQ.FTS.B

,

4

.937

%

,

6/29/25

....

13,900

7,492

a

7369572.SQ.FTS.B

,

4

.937

%

,

6/29/25

....

18,385

13,050

a

7370739.SQ.FTS.B

,

4

.75

%

,

6/30/25

.....

4,173

101

a

7370621.SQ.FTS.B

,

5

.428

%

,

6/30/25

....

663

331

a

7372484.SQ.FTS.B

,

5

.437

%

,

7/01/25

....

5,030

3,256

a

7372822.SQ.FTS.B

,

5

.384

%

,

7/02/25

....

603

520

a

7375657.SQ.FTS.B

,

6

.017

%

,

7/02/25

....

1,085

91

a

7382823.SQ.FTS.B

,

4

.937

%

,

7/04/25

....

35,680

1,075

a

7382112.SQ.FTS.B

,

5

.441

%

,

7/04/25

....

6,225

3,913

a

7381323.SQ.FTS.B

,

6

.165

%

,

7/04/25

....

9,730

2,838

a

7386885.SQ.FTS.B

,

5

.189

%

,

7/05/25

....

2,257

1,809

a

7385816.SQ.FTS.B

,

5

.456

%

,

7/05/25

....

761

513

a

7385186.SQ.FTS.B

,

5

.565

%

,

7/05/25

....

15,580

333

a

7385592.SQ.FTS.B

,

5

.999

%

,

7/05/25

....

1,553

27

a

7384646.SQ.FTS.B

,

6

.278

%

,

7/05/25

....

660

389

a

7387245.SQ.FTS.B

,

4

.652

%

,

7/06/25

....

331

329

a

7388297.SQ.FTS.B

,

4

.939

%

,

7/07/25

....

6,113

4,603

a

7389685.SQ.FTS.B

,

4

.753

%

,

7/08/25

....

819

13

a

7391456.SQ.FTS.B

,

5

.374

%

,

7/08/25

....

3,371

680

a

7396710.SQ.FTS.B

,

4

.654

%

,

7/10/25

....

6,909

6,619

a

7396669.SQ.FTS.B

,

5

.758

%

,

7/10/25

....

6,859

2,779

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

28

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7401793.SQ.FTS.B

,

5

.573

%

,

7/11/25

....

$

182

$

119

a

7405615.SQ.FTS.B

,

4

.655

%

,

7/12/25

....

3,263

3,091

a

7406239.SQ.FTS.B

,

5

.177

%

,

7/12/25

....

14

14

a

7404632.SQ.FTS.B

,

5

.195

%

,

7/12/25

....

5,041

87

a

7406230.SQ.FTS.B

,

5

.451

%

,

7/12/25

....

780

491

a

7407678.SQ.FTS.B

,

5

.201

%

,

7/14/25

....

687

510

a

7407499.SQ.FTS.B

,

6

.008

%

,

7/14/25

....

5,293

577

a

7409564.SQ.FTS.B

,

4

.938

%

,

7/16/25

....

4,174

3,235

a

7410810.SQ.FTS.B

,

5

.179

%

,

7/16/25

....

1,267

975

a

7410871.SQ.FTS.B

,

5

.199

%

,

7/16/25

....

375

278

a

7411162.SQ.FTS.B

,

5

.566

%

,

7/16/25

....

33,263

732

a

7409266.SQ.FTS.B

,

5

.572

%

,

7/16/25

....

913

793

a

7410796.SQ.FTS.B

,

5

.744

%

,

7/16/25

....

523

369

a

7409794.SQ.FTS.B

,

6

.252

%

,

7/16/25

....

1,964

437

a

7411944.SQ.FTS.B

,

4

.749

%

,

7/17/25

....

3,414

2,384

a

7413957.SQ.FTS.B

,

4

.931

%

,

7/17/25

....

550

514

a

7413977.SQ.FTS.B

,

5

.377

%

,

7/17/25

....

2,450

2,231

a

7412170.SQ.FTS.B

,

5

.379

%

,

7/17/25

....

10,387

206

a

7411720.SQ.FTS.B

,

5

.565

%

,

7/17/25

....

12,599

7,212

a

7417937.SQ.FTS.B

,

4

.654

%

,

7/18/25

....

7,557

6,968

a

7418984.SQ.FTS.B

,

4

.654

%

,

7/18/25

....

23,749

17,776

a

7419256.SQ.FTS.B

,

5

.565

%

,

7/19/25

....

571

489

a

7421975.SQ.FTS.B

,

5

.996

%

,

7/19/25

....

1,619

21

a

7422360.SQ.FTS.B

,

6

.254

%

,

7/19/25

....

373

254

a

7421989.SQ.FTS.B

,

6

.415

%

,

7/19/25

....

296

214

a

7423364.SQ.FTS.B

,

4

.939

%

,

7/21/25

....

5,514

129

a

7425766.SQ.FTS.B

,

5

.57

%

,

7/22/25

.....

5,691

3,732

a

7425843.SQ.FTS.B

,

6

.004

%

,

7/22/25

....

3,954

83

a

7429812.SQ.FTS.B

,

4

.654

%

,

7/23/25

....

785

742

a

7430864.SQ.FTS.B

,

5

.191

%

,

7/24/25

....

2,497

2,147

a

7441666.SQ.FTS.B

,

5

.378

%

,

7/26/25

....

7,980

6,615

a

7441991.SQ.FTS.B

,

5

.565

%

,

7/26/25

....

4,069

1,999

a

7439471.SQ.FTS.B

,

5

.754

%

,

7/26/25

....

21,014

6,591

a

7442975.SQ.FTS.B

,

5

.75

%

,

7/28/25

.....

1,775

33

a

7443490.SQ.FTS.B

,

5

.753

%

,

7/28/25

....

938

772

a

7443404.SQ.FTS.B

,

6

.157

%

,

7/28/25

....

142

93

a

7447146.SQ.FTS.B

,

6

.008

%

,

7/29/25

....

4,503

2,500

a

7449355.SQ.FTS.B

,

5

.181

%

,

7/30/25

....

1,553

1,245

a

7447921.SQ.FTS.B

,

5

.19

%

,

7/30/25

.....

4,239

3,294

a

7450427.SQ.FTS.B

,

5

.19

%

,

7/30/25

.....

6,839

5,573

a

7448609.SQ.FTS.B

,

5

.993

%

,

7/30/25

....

414

255

a

7452358.SQ.FTS.B

,

4

.645

%

,

7/31/25

....

1,081

956

a

7451728.SQ.FTS.B

,

4

.742

%

,

7/31/25

....

3,791

84

a

7452985.SQ.FTS.B

,

5

.19

%

,

7/31/25

.....

1,778

1,670

a

7451686.SQ.FTS.B

,

5

.559

%

,

7/31/25

....

189

166

a

7456543.SQ.FTS.B

,

5

.189

%

,

8/01/25

....

4,250

2,555

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7459778.SQ.FTS.B

,

5

.19

%

,

8/01/25

.....

$

12,532

$

9,912

a

7456319.SQ.FTS.B

,

5

.378

%

,

8/01/25

....

2,200

1,665

a

7461935.SQ.FTS.B

,

4

.654

%

,

8/02/25

....

1,649

1,523

a

7460306.SQ.FTS.B

,

5

.453

%

,

8/02/25

....

749

475

a

7461229.SQ.FTS.B

,

6

.416

%

,

8/02/25

....

2,105

1,407

a

7460506.SQ.FTS.B

,

6

.43

%

,

8/02/25

.....

1,142

697

a

7463365.SQ.FTS.B

,

5

.379

%

,

8/03/25

....

843

634

a

7463465.SQ.FTS.B

,

6

.009

%

,

8/03/25

....

9,525

186

a

7464136.SQ.FTS.B

,

4

.648

%

,

8/04/25

....

819

790

a

7463702.SQ.FTS.B

,

5

.754

%

,

8/04/25

....

4,009

2,557

a

7464300.SQ.FTS.B

,

5

.755

%

,

8/04/25

....

670

480

a

7469386.SQ.FTS.B

,

5

.188

%

,

8/06/25

....

4,220

3,864

a

7470776.SQ.FTS.B

,

5

.371

%

,

8/06/25

....

672

627

a

7470408.SQ.FTS.B

,

6

.006

%

,

8/06/25

....

7,014

4,464

a

7472839.SQ.FTS.B

,

4

.653

%

,

8/07/25

....

1,778

1,727

a

7472315.SQ.FTS.B

,

4

.739

%

,

8/07/25

....

610

112

a

7474257.SQ.FTS.B

,

5

.756

%

,

8/07/25

....

16,236

1,393

a

7471571.SQ.FTS.B

,

6

.016

%

,

8/07/25

....

524

403

a

7473548.SQ.FTS.B

,

6

.256

%

,

8/07/25

....

13,601

267

a

7479464.SQ.FTS.B

,

4

.654

%

,

8/08/25

....

2,255

2,040

a

7477832.SQ.FTS.B

,

4

.655

%

,

8/08/25

....

2,448

2,310

a

7476745.SQ.FTS.B

,

5

.189

%

,

8/08/25

....

1,690

1,389

a

7476692.SQ.FTS.B

,

5

.761

%

,

8/08/25

....

2,117

694

a

7483806.SQ.FTS.B

,

5

.564

%

,

8/10/25

....

867

833

a

7486693.SQ.FTS.B

,

4

.743

%

,

8/12/25

....

1,539

554

a

7486245.SQ.FTS.B

,

5

.751

%

,

8/12/25

....

3,627

2,641

a

7486576.SQ.FTS.B

,

6

.252

%

,

8/12/25

....

222

168

a

7485874.SQ.FTS.B

,

6

.414

%

,

8/12/25

....

6,996

188

a

7489747.SQ.FTS.B

,

5

.19

%

,

8/13/25

.....

3,103

2,967

a

7490765.SQ.FTS.B

,

5

.377

%

,

8/13/25

....

9,899

7,261

a

7491258.SQ.FTS.B

,

5

.384

%

,

8/13/25

....

1,551

1,084

a

7490647.SQ.FTS.B

,

6

.157

%

,

8/13/25

....

1,744

656

a

7491010.SQ.FTS.B

,

6

.26

%

,

8/13/25

.....

5,510

3,361

a

7492570.SQ.FTS.B

,

6

.258

%

,

8/14/25

....

2,849

1,234

a

7500868.SQ.FTS.B

,

5

.191

%

,

8/15/25

....

4,098

3,751

a

7503759.SQ.FTS.B

,

5

.568

%

,

8/15/25

....

2,602

1,830

a

7500385.SQ.FTS.B

,

5

.572

%

,

8/15/25

....

2,478

960

a

7503853.SQ.FTS.B

,

6

.007

%

,

8/15/25

....

10,241

8,710

a

7500335.SQ.FTS.B

,

6

.254

%

,

8/15/25

....

1,897

1,275

a

7505314.SQ.FTS.B

,

5

.371

%

,

8/16/25

....

273

251

a

7505871.SQ.FTS.B

,

5

.773

%

,

8/16/25

....

583

54

a

7506519.SQ.FTS.B

,

6

.023

%

,

8/16/25

....

639

345

a

7507909.SQ.FTS.B

,

6

.258

%

,

8/16/25

....

30,984

653

a

7508859.SQ.FTS.B

,

4

.939

%

,

8/17/25

....

1,621

791

a

7508979.SQ.FTS.B

,

5

.375

%

,

8/17/25

....

481

463

a

7509672.SQ.FTS.B

,

5

.481

%

,

8/17/25

....

535

186

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

29

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7509815.SQ.FTS.B

,

5

.567

%

,

8/17/25

....

$

4,739

$

–

a

7510173.SQ.FTS.B

,

4

.655

%

,

8/18/25

....

7,120

6,259

a

7510420.SQ.FTS.B

,

4

.941

%

,

8/18/25

....

420

417

a

7510960.SQ.FTS.B

,

6

.006

%

,

8/18/25

....

156

148

a

7512125.SQ.FTS.B

,

4

.654

%

,

8/19/25

....

2,900

2,300

a

7511245.SQ.FTS.B

,

5

.211

%

,

8/19/25

....

135

134

a

7515422.SQ.FTS.B

,

4

.937

%

,

8/20/25

....

3,800

3,773

a

7513894.SQ.FTS.B

,

5

.19

%

,

8/20/25

.....

4,344

3,341

a

7513007.SQ.FTS.B

,

5

.374

%

,

8/20/25

....

436

379

a

7515797.SQ.FTS.B

,

5

.375

%

,

8/20/25

....

2,054

1,963

a

7514762.SQ.FTS.B

,

6

.416

%

,

8/20/25

....

8,951

7,241

a

7517983.SQ.FTS.B

,

4

.755

%

,

8/21/25

....

843

17

a

7517647.SQ.FTS.B

,

5

.378

%

,

8/21/25

....

134

119

a

7519489.SQ.FTS.B

,

5

.382

%

,

8/21/25

....

3,156

537

a

7519526.SQ.FTS.B

,

5

.742

%

,

8/21/25

....

112

104

a

7517921.SQ.FTS.B

,

6

%

,

8/21/25

.......

998

795

a

7516754.SQ.FTS.B

,

6

.015

%

,

8/21/25

....

965

417

a

7526267.SQ.FTS.B

,

4

.652

%

,

8/23/25

....

943

922

a

7526426.SQ.FTS.B

,

4

.654

%

,

8/23/25

....

27,776

23,719

a

7529173.SQ.FTS.B

,

4

.743

%

,

8/23/25

....

634

358

a

7529446.SQ.FTS.B

,

4

.948

%

,

8/23/25

....

2,327

64

a

7528897.SQ.FTS.B

,

5

.44

%

,

8/23/25

.....

16,423

228

a

7529470.SQ.FTS.B

,

5

.753

%

,

8/23/25

....

11,975

3,883

a

7528166.SQ.FTS.B

,

5

.755

%

,

8/23/25

....

1,306

910

a

7529705.SQ.FTS.B

,

4

.937

%

,

8/24/25

....

9,719

2,735

a

7529827.SQ.FTS.B

,

6

.003

%

,

8/24/25

....

499

414

a

7531238.SQ.FTS.B

,

4

.934

%

,

8/25/25

....

1,809

1,566

a

7530909.SQ.FTS.B

,

5

.366

%

,

8/25/25

....

727

346

a

7534396.SQ.FTS.B

,

5

.738

%

,

8/26/25

....

985

23

a

7537773.SQ.FTS.B

,

4

.653

%

,

8/27/25

....

2,556

2,437

a

7543385.SQ.FTS.B

,

5

.187

%

,

8/28/25

....

277

265

a

7540631.SQ.FTS.B

,

5

.466

%

,

8/28/25

....

129

98

a

7541534.SQ.FTS.B

,

6

.253

%

,

8/28/25

....

496

353

a

7541004.SQ.FTS.B

,

6

.276

%

,

8/28/25

....

298

237

a

7541290.SQ.FTS.B

,

6

.412

%

,

8/28/25

....

271

192

a

7547341.SQ.FTS.B

,

6

.28

%

,

8/29/25

.....

643

249

a

7547912.SQ.FTS.B

,

6

.413

%

,

8/29/25

....

3,516

711

a

7550520.SQ.FTS.B

,

4

.655

%

,

9/01/25

....

2,542

2,489

a

7551202.SQ.FTS.B

,

4

.656

%

,

9/01/25

....

1,913

1,868

a

7550899.SQ.FTS.B

,

5

.19

%

,

9/01/25

.....

1,653

1,174

a

7550967.SQ.FTS.B

,

5

.375

%

,

9/01/25

....

3,825

110

a

7554320.SQ.FTS.B

,

5

.378

%

,

9/01/25

....

13,754

289

a

7552708.SQ.FTS.B

,

5

.751

%

,

9/01/25

....

1,049

848

a

7552739.SQ.FTS.B

,

6

.006

%

,

9/01/25

....

69

63

a

7557240.SQ.FTS.B

,

4

.656

%

,

9/04/25

....

3,799

3,715

a

7559616.SQ.FTS.B

,

4

.745

%

,

9/04/25

....

985

283

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7557081.SQ.FTS.B

,

4

.937

%

,

9/04/25

....

$

664

$

624

a

7556990.SQ.FTS.B

,

5

.377

%

,

9/04/25

....

6,296

3,553

a

7559058.SQ.FTS.B

,

6

.26

%

,

9/04/25

.....

4,754

4,145

a

7561072.SQ.FTS.B

,

5

.374

%

,

9/05/25

....

2,697

2,331

a

7564172.SQ.FTS.B

,

5

.383

%

,

9/05/25

....

3,812

219

a

7561192.SQ.FTS.B

,

5

.565

%

,

9/05/25

....

2,233

2,157

a

7561998.SQ.FTS.B

,

5

.752

%

,

9/05/25

....

763

728

a

7568596.SQ.FTS.B

,

4

.654

%

,

9/06/25

....

403

401

a

7565784.SQ.FTS.B

,

5

.193

%

,

9/06/25

....

1,135

1,062

a

7567904.SQ.FTS.B

,

6

.009

%

,

9/06/25

....

3,492

1,121

a

7565647.SQ.FTS.B

,

6

.246

%

,

9/06/25

....

1,102

707

a

7565850.SQ.FTS.B

,

6

.246

%

,

9/06/25

....

520

443

a

7566801.SQ.FTS.B

,

6

.289

%

,

9/06/25

....

794

16

a

7568007.SQ.FTS.B

,

6

.418

%

,

9/06/25

....

838

593

a

7574387.SQ.FTS.B

,

4

.659

%

,

9/07/25

....

385

377

a

7573584.SQ.FTS.B

,

4

.934

%

,

9/07/25

....

4,835

96

a

7573400.SQ.FTS.B

,

5

.193

%

,

9/07/25

....

487

483

a

7573801.SQ.FTS.B

,

5

.567

%

,

9/07/25

....

14,773

312

a

7573203.SQ.FTS.B

,

5

.754

%

,

9/07/25

....

2,786

1,404

a

7573146.SQ.FTS.B

,

5

.757

%

,

9/07/25

....

2,705

1,709

a

7573987.SQ.FTS.B

,

6

.004

%

,

9/07/25

....

469

446

a

7574527.SQ.FTS.B

,

6

.416

%

,

9/07/25

....

12,073

142

a

7574775.SQ.FTS.B

,

4

.653

%

,

9/08/25

....

21,540

13,596

a

7576764.SQ.FTS.B

,

5

.181

%

,

9/08/25

....

850

792

a

7575766.SQ.FTS.B

,

5

.377

%

,

9/08/25

....

1,001

910

a

7578388.SQ.FTS.B

,

6

.263

%

,

9/08/25

....

623

374

a

7579197.SQ.FTS.B

,

5

.189

%

,

9/09/25

....

6,941

5,991

a

7578624.SQ.FTS.B

,

5

.439

%

,

9/09/25

....

1,303

947

a

7579169.SQ.FTS.B

,

5

.758

%

,

9/09/25

....

136

124

a

7579146.SQ.FTS.B

,

6

.289

%

,

9/09/25

....

246

196

a

7579877.SQ.FTS.B

,

5

.376

%

,

9/10/25

....

3,193

2,978

a

7581325.SQ.FTS.B

,

5

.56

%

,

9/11/25

.....

1,045

954

a

7581750.SQ.FTS.B

,

6

.435

%

,

9/11/25

....

681

255

a

7586080.SQ.FTS.B

,

4

.65

%

,

9/12/25

.....

6,134

142

a

7587725.SQ.FTS.B

,

4

.65

%

,

9/12/25

.....

677

666

a

7587307.SQ.FTS.B

,

4

.654

%

,

9/12/25

....

48,237

851

a

7587680.SQ.FTS.B

,

6

.252

%

,

9/12/25

....

2,071

1,386

a

7584854.SQ.FTS.B

,

6

.428

%

,

9/12/25

....

121

109

a

7590174.SQ.FTS.B

,

5

.562

%

,

9/13/25

....

7,270

122

a

7590215.SQ.FTS.B

,

6

.012

%

,

9/13/25

....

1,880

1,345

a

7590233.SQ.FTS.B

,

6

.27

%

,

9/13/25

.....

589

436

a

7590078.SQ.FTS.B

,

6

.429

%

,

9/13/25

....

327

128

a

7593263.SQ.FTS.B

,

5

.378

%

,

9/14/25

....

4,882

4,422

a

7598425.SQ.FTS.B

,

5

.19

%

,

9/15/25

.....

1,161

1,156

a

7598723.SQ.FTS.B

,

5

.372

%

,

9/15/25

....

1,551

1,374

a

7598765.SQ.FTS.B

,

6

.006

%

,

9/15/25

....

3,206

2,282

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

30

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7600629.SQ.FTS.B

,

5

.563

%

,

9/16/25

....

$

5,710

$

131

a

7601034.SQ.FTS.B

,

5

.186

%

,

9/17/25

....

1,550

1,056

a

7601451.SQ.FTS.B

,

6

.006

%

,

9/17/25

....

1,246

955

a

7606561.SQ.FTS.B

,

4

.942

%

,

9/19/25

....

1,005

914

a

7607871.SQ.FTS.B

,

5

.189

%

,

9/19/25

....

1,133

1,133

a

7607836.SQ.FTS.B

,

5

.387

%

,

9/19/25

....

100

99

a

7606993.SQ.FTS.B

,

5

.409

%

,

9/19/25

....

202

190

a

7608517.SQ.FTS.B

,

5

.757

%

,

9/19/25

....

435

417

a

7606716.SQ.FTS.B

,

6

.007

%

,

9/19/25

....

715

538

a

7608748.SQ.FTS.B

,

6

.007

%

,

9/19/25

....

30,329

607

a

7607003.SQ.FTS.B

,

6

.01

%

,

9/19/25

.....

1,790

398

a

7611385.SQ.FTS.B

,

5

.74

%

,

9/20/25

.....

730

518

a

7609540.SQ.FTS.B

,

6

.007

%

,

9/20/25

....

470

445

a

7611097.SQ.FTS.B

,

6

.423

%

,

9/20/25

....

2,067

44

a

7616557.SQ.FTS.B

,

5

.189

%

,

9/21/25

....

11,359

250

a

7616489.SQ.FTS.B

,

6

.258

%

,

9/21/25

....

2,021

327

a

7617901.SQ.FTS.B

,

6

.261

%

,

9/21/25

....

2,981

61

a

7618783.SQ.FTS.B

,

4

.654

%

,

9/22/25

....

1,018

1,006

a

7620074.SQ.FTS.B

,

4

.938

%

,

9/22/25

....

2,919

2,793

a

7618894.SQ.FTS.B

,

5

.041

%

,

9/22/25

....

424

418

a

7619488.SQ.FTS.B

,

5

.189

%

,

9/22/25

....

698

477

a

7619705.SQ.FTS.B

,

5

.585

%

,

9/22/25

....

158

156

a

7621073.SQ.FTS.B

,

6

.007

%

,

9/22/25

....

26,672

629

a

7620888.SQ.FTS.B

,

6

.269

%

,

9/22/25

....

554

441

a

7618964.SQ.FTS.B

,

6

.413

%

,

9/22/25

....

4,601

3,065

a

7621327.SQ.FTS.B

,

4

.94

%

,

9/23/25

.....

2,410

2,195

a

7621639.SQ.FTS.B

,

5

.198

%

,

9/23/25

....

1,826

388

a

7622036.SQ.FTS.B

,

5

.376

%

,

9/23/25

....

899

876

a

7621601.SQ.FTS.B

,

5

.379

%

,

9/23/25

....

1,008

945

a

7621653.SQ.FTS.B

,

5

.379

%

,

9/23/25

....

2,804

2,441

a

7621747.SQ.FTS.B

,

5

.758

%

,

9/23/25

....

3,270

38

a

7621715.SQ.FTS.B

,

5

.995

%

,

9/23/25

....

112

101

a

7622251.SQ.FTS.B

,

4

.941

%

,

9/24/25

....

2,421

2,061

a

7622472.SQ.FTS.B

,

6

.004

%

,

9/24/25

....

5,005

3,282

a

7624372.SQ.FTS.B

,

5

.183

%

,

9/25/25

....

3,203

636

a

7626238.SQ.FTS.B

,

5

.199

%

,

9/25/25

....

1,020

868

a

7623613.SQ.FTS.B

,

5

.777

%

,

9/25/25

....

17

17

a

7623536.SQ.FTS.B

,

6

.006

%

,

9/25/25

....

916

735

a

7626328.SQ.FTS.B

,

6

.167

%

,

9/25/25

....

122

112

a

7627133.SQ.FTS.B

,

4

.654

%

,

9/26/25

....

8,444

7,458

a

7629516.SQ.FTS.B

,

4

.935

%

,

9/26/25

....

3,113

2,719

a

7628418.SQ.FTS.B

,

5

.567

%

,

9/26/25

....

10,448

153

a

7628146.SQ.FTS.B

,

5

.752

%

,

9/26/25

....

11,216

922

a

7629219.SQ.FTS.B

,

5

.755

%

,

9/26/25

....

6,616

4,374

a

7627124.SQ.FTS.B

,

5

.98

%

,

9/26/25

.....

283

230

a

7628496.SQ.FTS.B

,

6

.181

%

,

9/26/25

....

406

186

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7631026.SQ.FTS.B

,

5

.564

%

,

9/27/25

....

$

1,298

$

1,118

a

7633344.SQ.FTS.B

,

6

.009

%

,

9/27/25

....

1,027

965

a

7631559.SQ.FTS.B

,

6

.015

%

,

9/27/25

....

554

273

a

7639403.SQ.FTS.B

,

4

.65

%

,

9/28/25

.....

736

728

a

7639535.SQ.FTS.B

,

6

.011

%

,

9/28/25

....

2,468

1,953

a

7637405.SQ.FTS.B

,

6

.023

%

,

9/28/25

....

1,404

24

a

7635792.SQ.FTS.B

,

6

.179

%

,

9/28/25

....

1,059

714

a

7643343.SQ.FTS.B

,

4

.653

%

,

9/29/25

....

2,999

2,886

a

7642617.SQ.FTS.B

,

4

.654

%

,

9/29/25

....

3,441

3,413

a

7644948.SQ.FTS.B

,

4

.78

%

,

9/30/25

.....

416

415

a

7644703.SQ.FTS.B

,

5

.566

%

,

9/30/25

....

3,415

3,104

a

7644598.SQ.FTS.B

,

5

.748

%

,

9/30/25

....

3,213

734

a

7643664.SQ.FTS.B

,

5

.978

%

,

9/30/25

....

104

98

a

7645537.SQ.FTS.B

,

4

.777

%

,

10/01/25

...

1,554

1,406

a

7647787.SQ.FTS.B

,

4

.942

%

,

10/01/25

...

1,237

1,212

a

7646634.SQ.FTS.B

,

5

.446

%

,

10/01/25

...

1,503

182

a

7648655.SQ.FTS.B

,

5

.734

%

,

10/01/25

...

9

9

a

7649241.SQ.FTS.B

,

5

.75

%

,

10/01/25

....

458

379

a

7648665.SQ.FTS.B

,

5

.763

%

,

10/01/25

...

1,643

377

a

7647054.SQ.FTS.B

,

5

.916

%

,

10/01/25

...

1,434

1,042

a

7652606.SQ.FTS.B

,

4

.654

%

,

10/02/25

...

1,521

1,496

a

7651991.SQ.FTS.B

,

4

.781

%

,

10/02/25

...

2,994

2,960

a

7652755.SQ.FTS.B

,

4

.939

%

,

10/02/25

...

5,011

4,310

a

7653058.SQ.FTS.B

,

5

.095

%

,

10/02/25

...

19,984

18,705

a

7651704.SQ.FTS.B

,

5

.183

%

,

10/02/25

...

2,867

1,891

a

7649965.SQ.FTS.B

,

5

.186

%

,

10/02/25

...

2,504

2,419

a

7649641.SQ.FTS.B

,

5

.379

%

,

10/02/25

...

1,227

1,193

a

7650606.SQ.FTS.B

,

5

.439

%

,

10/02/25

...

2,488

582

a

7650235.SQ.FTS.B

,

5

.451

%

,

10/02/25

...

760

290

a

7656219.SQ.FTS.B

,

5

.19

%

,

10/03/25

....

11,080

4,819

a

7654737.SQ.FTS.B

,

5

.418

%

,

10/03/25

...

1,110

22

a

7655820.SQ.FTS.B

,

6

.255

%

,

10/03/25

...

1,640

60

a

7657393.SQ.FTS.B

,

6

.257

%

,

10/03/25

...

5,061

2,402

a

7663190.SQ.FTS.B

,

4

.777

%

,

10/04/25

...

281

279

a

7661503.SQ.FTS.B

,

4

.779

%

,

10/04/25

...

2,362

2,347

a

7659831.SQ.FTS.B

,

4

.936

%

,

10/04/25

...

3,661

3,606

a

7662965.SQ.FTS.B

,

4

.936

%

,

10/04/25

...

4,086

3,860

a

7663503.SQ.FTS.B

,

5

.346

%

,

10/04/25

...

9,875

9,538

a

7660940.SQ.FTS.B

,

5

.567

%

,

10/04/25

...

734

313

a

7661360.SQ.FTS.B

,

6

.414

%

,

10/04/25

...

544

448

a

7664538.SQ.FTS.B

,

5

.186

%

,

10/05/25

...

5,740

1,962

a

7667419.SQ.FTS.B

,

5

.189

%

,

10/05/25

...

4,894

3,518

a

7664474.SQ.FTS.B

,

5

.351

%

,

10/05/25

...

318

313

a

7667132.SQ.FTS.B

,

5

.376

%

,

10/05/25

...

2,045

1,869

a

7667909.SQ.FTS.B

,

5

.091

%

,

10/06/25

...

3,711

3,080

a

7671922.SQ.FTS.B

,

4

.654

%

,

10/08/25

...

4,085

4,044

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

31

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7677998.SQ.FTS.B

,

4

.655

%

,

10/10/25

...

$

1,943

$

1,935

a

7679804.SQ.FTS.B

,

4

.936

%

,

10/10/25

...

7,403

7,177

a

7680219.SQ.FTS.B

,

5

.554

%

,

10/10/25

...

1,568

568

a

7685021.SQ.FTS.B

,

4

.657

%

,

10/11/25

...

176

176

a

7682512.SQ.FTS.B

,

5

.758

%

,

10/11/25

...

357

336

a

7686063.SQ.FTS.B

,

4

.654

%

,

10/12/25

...

870

864

a

7687306.SQ.FTS.B

,

4

.78

%

,

10/12/25

....

2,685

2,534

a

7688136.SQ.FTS.B

,

5

.188

%

,

10/12/25

...

14,991

3,428

a

7687797.SQ.FTS.B

,

5

.72

%

,

10/12/25

....

2,868

2,066

a

7690107.SQ.FTS.B

,

4

.652

%

,

10/13/25

...

641

637

a

7689296.SQ.FTS.B

,

4

.655

%

,

10/13/25

...

2,558

2,539

a

7689821.SQ.FTS.B

,

4

.781

%

,

10/13/25

...

1,657

1,646

a

7690007.SQ.FTS.B

,

5

.193

%

,

10/13/25

...

1,758

1,618

a

7690094.SQ.FTS.B

,

5

.535

%

,

10/13/25

...

668

604

a

7690666.SQ.FTS.B

,

4

.779

%

,

10/14/25

...

6,226

6,111

a

7690899.SQ.FTS.B

,

5

.188

%

,

10/14/25

...

9,454

89

a

7690521.SQ.FTS.B

,

6

.19

%

,

10/14/25

....

119

115

a

7692997.SQ.FTS.B

,

4

.94

%

,

10/15/25

....

2,260

2,155

a

7692393.SQ.FTS.B

,

5

.191

%

,

10/15/25

...

232

232

a

7693768.SQ.FTS.B

,

5

.386

%

,

10/15/25

...

753

729

a

7691305.SQ.FTS.B

,

5

.571

%

,

10/15/25

...

577

542

a

7695591.SQ.FTS.B

,

5

.911

%

,

10/16/25

...

5,123

3,673

a

7698491.SQ.FTS.B

,

4

.782

%

,

10/17/25

...

4,917

4,297

a

7698607.SQ.FTS.B

,

5

.188

%

,

10/17/25

...

1,571

1,525

a

7700193.SQ.FTS.B

,

6

.499

%

,

10/17/25

...

390

308

a

7703796.SQ.FTS.B

,

4

.659

%

,

10/18/25

...

697

692

a

7702418.SQ.FTS.B

,

5

.094

%

,

10/18/25

...

4,411

2,994

a

7703716.SQ.FTS.B

,

5

.384

%

,

10/18/25

...

625

618

a

7701758.SQ.FTS.B

,

5

.735

%

,

10/18/25

...

1,315

1,042

a

7701859.SQ.FTS.B

,

5

.759

%

,

10/18/25

...

1,772

33

a

7704890.SQ.FTS.B

,

5

.377

%

,

10/19/25

...

228

204

a

7705537.SQ.FTS.B

,

6

.415

%

,

10/19/25

...

2,062

603

a

7707103.SQ.FTS.B

,

5

.536

%

,

10/20/25

...

20,365

7,130

a

7707076.SQ.FTS.B

,

6

.158

%

,

10/20/25

...

170

161

a

7707363.SQ.FTS.B

,

4

.737

%

,

10/21/25

...

904

324

a

7707388.SQ.FTS.B

,

6

.172

%

,

10/21/25

...

320

221

a

7708623.SQ.FTS.B

,

4

.778

%

,

10/22/25

...

2,274

2,219

a

7708690.SQ.FTS.B

,

6

.16

%

,

10/22/25

....

1,118

1,028

a

7710528.SQ.FTS.B

,

4

.78

%

,

10/23/25

....

259

259

a

7712891.SQ.FTS.B

,

5

.563

%

,

10/23/25

...

3,823

1,114

a

7712462.SQ.FTS.B

,

6

.161

%

,

10/23/25

...

2,881

1,923

a

7714875.SQ.FTS.B

,

5

.094

%

,

10/24/25

...

577

552

a

7723714.SQ.FTS.B

,

5

.094

%

,

10/25/25

...

11,763

11,512

a

7723351.SQ.FTS.B

,

5

.189

%

,

10/25/25

...

244

241

a

7721764.SQ.FTS.B

,

5

.451

%

,

10/25/25

...

474

9

a

7722772.SQ.FTS.B

,

6

.165

%

,

10/25/25

...

7,597

3,537

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7729436.SQ.FTS.B

,

4

.779

%

,

10/26/25

...

$

242

$

241

a

7726785.SQ.FTS.B

,

4

.78

%

,

10/26/25

....

16,476

14,441

a

7730145.SQ.FTS.B

,

4

.78

%

,

10/26/25

....

9,243

8,775

a

7730435.SQ.FTS.B

,

4

.78

%

,

10/26/25

....

1,373

1,361

a

7728570.SQ.FTS.B

,

4

.785

%

,

10/26/25

...

3,021

2,331

a

7724838.SQ.FTS.B

,

5

.095

%

,

10/26/25

...

22,645

478

a

7728695.SQ.FTS.B

,

5

.099

%

,

10/26/25

...

1,838

1,765

a

7729422.SQ.FTS.B

,

5

.441

%

,

10/26/25

...

1,044

587

a

7729054.SQ.FTS.B

,

5

.532

%

,

10/26/25

...

1,819

1,591

a

7727853.SQ.FTS.B

,

5

.724

%

,

10/26/25

...

20,779

14,852

a

7725970.SQ.FTS.B

,

5

.907

%

,

10/26/25

...

687

646

a

7724777.SQ.FTS.B

,

5

.911

%

,

10/26/25

...

577

550

a

7729945.SQ.FTS.B

,

5

.911

%

,

10/26/25

...

1,229

504

a

7724819.SQ.FTS.B

,

5

.93

%

,

10/26/25

....

519

420

a

7726199.SQ.FTS.B

,

6

.173

%

,

10/26/25

...

634

565

a

7730769.SQ.FTS.B

,

4

.78

%

,

10/27/25

....

3,357

3,343

a

7732778.SQ.FTS.B

,

5

.095

%

,

10/28/25

...

3,857

3,766

a

7732601.SQ.FTS.B

,

5

.914

%

,

10/28/25

...

1,488

979

a

7733817.SQ.FTS.B

,

5

.439

%

,

10/29/25

...

141

121

a

7736498.SQ.FTS.B

,

5

.911

%

,

10/29/25

...

9,529

7,277

a

7740437.SQ.FTS.B

,

4

.76

%

,

10/30/25

....

777

625

a

7739265.SQ.FTS.B

,

4

.78

%

,

10/30/25

....

3,425

3,310

a

7741290.SQ.FTS.B

,

5

.094

%

,

10/30/25

...

1,208

1,200

a

7742554.SQ.FTS.B

,

5

.094

%

,

10/30/25

...

958

912

a

7742398.SQ.FTS.B

,

5

.099

%

,

10/30/25

...

1,882

1,827

a

7741215.SQ.FTS.B

,

5

.72

%

,

10/30/25

....

3,427

74

a

7745215.SQ.FTS.B

,

4

.78

%

,

11/01/25

....

3,617

3,567

a

7746292.SQ.FTS.B

,

4

.78

%

,

11/01/25

....

2,848

2,759

a

7744010.SQ.FTS.B

,

4

.786

%

,

11/01/25

...

222

220

a

7746659.SQ.FTS.B

,

4

.787

%

,

11/01/25

...

644

637

a

7745153.SQ.FTS.B

,

5

.35

%

,

11/01/25

....

3,659

2,379

a

7744804.SQ.FTS.B

,

5

.356

%

,

11/01/25

...

530

493

a

7744334.SQ.FTS.B

,

6

.157

%

,

11/01/25

...

1,290

1,043

a

7745394.SQ.FTS.B

,

6

.159

%

,

11/01/25

...

1,033

829

a

7752722.SQ.FTS.B

,

4

.756

%

,

11/02/25

...

156

97

a

7751198.SQ.FTS.B

,

4

.78

%

,

11/02/25

....

29

–

a

7752408.SQ.FTS.B

,

4

.78

%

,

11/02/25

....

4,916

4,833

a

7753143.SQ.FTS.B

,

4

.781

%

,

11/02/25

...

944

939

a

7750185.SQ.FTS.B

,

5

.539

%

,

11/02/25

...

1,198

1,166

a

7749729.SQ.FTS.B

,

5

.915

%

,

11/02/25

...

7,451

1,258

a

7750669.SQ.FTS.B

,

6

.166

%

,

11/02/25

...

1,237

1,059

a

7751173.SQ.FTS.B

,

6

.19

%

,

11/02/25

....

750

13

a

7756883.SQ.FTS.B

,

4

.779

%

,

11/03/25

...

16,501

3,987

a

7756245.SQ.FTS.B

,

4

.78

%

,

11/03/25

....

9,903

9,741

a

7754769.SQ.FTS.B

,

5

.535

%

,

11/03/25

...

8,649

7,123

a

7758717.SQ.FTS.B

,

4

.784

%

,

11/04/25

...

2,132

1,579

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

32

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7758253.SQ.FTS.B

,

5

.092

%

,

11/04/25

...

$

2,058

$

1,881

a

7758618.SQ.FTS.B

,

5

.354

%

,

11/04/25

...

233

230

a

7757853.SQ.FTS.B

,

5

.536

%

,

11/04/25

...

3,242

2,796

a

7759521.SQ.FTS.B

,

5

.103

%

,

11/05/25

...

981

945

a

7759657.SQ.FTS.B

,

5

.337

%

,

11/05/25

...

1,494

1,158

a

7758755.SQ.FTS.B

,

5

.535

%

,

11/05/25

...

9,682

1,766

a

7759711.SQ.FTS.B

,

6

.152

%

,

11/05/25

...

424

380

a

7759020.SQ.FTS.B

,

6

.165

%

,

11/05/25

...

2,254

1,551

a

7760241.SQ.FTS.B

,

4

.774

%

,

11/06/25

...

1,096

1,078

a

7762418.SQ.FTS.B

,

4

.78

%

,

11/06/25

....

155

154

a

7760303.SQ.FTS.B

,

5

.1

%

,

11/06/25

.....

1,748

1,627

a

7760146.SQ.FTS.B

,

5

.349

%

,

11/06/25

...

1,735

1,545

a

7763292.SQ.FTS.B

,

5

.913

%

,

11/06/25

...

20,230

3,692

a

7767211.SQ.FTS.B

,

4

.78

%

,

11/07/25

....

189

188

a

7764781.SQ.FTS.B

,

4

.782

%

,

11/07/25

...

1,212

1,175

a

7766945.SQ.FTS.B

,

4

.782

%

,

11/07/25

...

3,761

3,656

a

7764885.SQ.FTS.B

,

5

.094

%

,

11/07/25

...

12,488

11,135

a

7767704.SQ.FTS.B

,

5

.912

%

,

11/07/25

...

12,268

1,757

a

7767072.SQ.FTS.B

,

6

.166

%

,

11/07/25

...

5,105

2,992

a

7768208.SQ.FTS.B

,

4

.78

%

,

11/08/25

....

36,251

26,346

a

7769253.SQ.FTS.B

,

4

.782

%

,

11/08/25

...

4,154

3,961

a

7770798.SQ.FTS.B

,

4

.782

%

,

11/08/25

...

2,349

2,316

a

7768065.SQ.FTS.B

,

5

.095

%

,

11/08/25

...

6,881

5,797

a

7769434.SQ.FTS.B

,

5

.715

%

,

11/08/25

...

1,365

1,125

a

7769563.SQ.FTS.B

,

5

.91

%

,

11/08/25

....

676

636

a

7771253.SQ.FTS.B

,

5

.917

%

,

11/08/25

...

1,602

1,500

a

7768047.SQ.FTS.B

,

5

.93

%

,

11/08/25

....

485

316

a

7777644.SQ.FTS.B

,

4

.741

%

,

11/09/25

...

262

172

a

7774539.SQ.FTS.B

,

4

.748

%

,

11/09/25

...

207

–

a

7776396.SQ.FTS.B

,

4

.78

%

,

11/09/25

....

6,204

5,649

a

7776652.SQ.FTS.B

,

4

.78

%

,

11/09/25

....

4,110

3,701

a

7776805.SQ.FTS.B

,

4

.78

%

,

11/09/25

....

5,785

1,028

a

7777860.SQ.FTS.B

,

4

.78

%

,

11/09/25

....

749

736

a

7775847.SQ.FTS.B

,

5

.099

%

,

11/09/25

...

1,784

1,719

a

7775816.SQ.FTS.B

,

5

.355

%

,

11/09/25

...

344

342

a

7775071.SQ.FTS.B

,

5

.531

%

,

11/09/25

...

2,052

1,664

a

7774436.SQ.FTS.B

,

5

.532

%

,

11/09/25

...

2,206

1,952

a

7776077.SQ.FTS.B

,

5

.723

%

,

11/09/25

...

3,512

3,139

a

7777374.SQ.FTS.B

,

5

.91

%

,

11/09/25

....

1,618

1,582

a

7774319.SQ.FTS.B

,

6

.154

%

,

11/09/25

...

853

434

a

7774335.SQ.FTS.B

,

6

.165

%

,

11/09/25

...

4,384

1,188

a

7775328.SQ.FTS.B

,

6

.511

%

,

11/09/25

...

48

45

a

7780337.SQ.FTS.B

,

4

.742

%

,

11/10/25

...

1,398

105

a

7780702.SQ.FTS.B

,

4

.777

%

,

11/10/25

...

2,460

1,843

a

7780421.SQ.FTS.B

,

5

.093

%

,

11/10/25

...

12,234

8,766

a

7779095.SQ.FTS.B

,

5

.1

%

,

11/10/25

.....

536

530

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7778601.SQ.FTS.B

,

5

.339

%

,

11/10/25

...

$

1,217

$

1,088

a

7781198.SQ.FTS.B

,

6

.159

%

,

11/10/25

...

4,074

76

a

7780738.SQ.FTS.B

,

6

.473

%

,

11/10/25

...

1,162

1,063

a

7781650.SQ.FTS.B

,

5

.091

%

,

11/11/25

...

3,677

534

a

7782471.SQ.FTS.B

,

5

.352

%

,

11/11/25

...

1,072

962

a

7782695.SQ.FTS.B

,

4

.78

%

,

11/12/25

....

4,512

4,442

a

7786987.SQ.FTS.B

,

4

.749

%

,

11/13/25

...

32,467

21,126

a

7783921.SQ.FTS.B

,

4

.776

%

,

11/13/25

...

1,512

1,467

a

7785260.SQ.FTS.B

,

4

.776

%

,

11/13/25

...

1,080

1,070

a

7784057.SQ.FTS.B

,

4

.782

%

,

11/13/25

...

739

728

a

7786519.SQ.FTS.B

,

4

.785

%

,

11/13/25

...

224

223

a

7786287.SQ.FTS.B

,

5

.346

%

,

11/13/25

...

4,269

4,098

a

7785197.SQ.FTS.B

,

5

.354

%

,

11/13/25

...

713

621

a

7785232.SQ.FTS.B

,

6

.154

%

,

11/13/25

...

432

179

a

7788534.SQ.FTS.B

,

4

.767

%

,

11/14/25

...

801

767

a

7788330.SQ.FTS.B

,

4

.78

%

,

11/14/25

....

237

236

a

7791269.SQ.FTS.B

,

4

.787

%

,

11/14/25

...

1,627

1,500

a

7790625.SQ.FTS.B

,

5

.093

%

,

11/14/25

...

864

853

a

7789582.SQ.FTS.B

,

5

.094

%

,

11/14/25

...

19,765

14,203

a

7788590.SQ.FTS.B

,

5

.1

%

,

11/14/25

.....

2,677

1,987

a

7790794.SQ.FTS.B

,

6

.157

%

,

11/14/25

...

406

280

a

7788186.SQ.FTS.B

,

6

.163

%

,

11/14/25

...

1,133

1,039

a

7790836.SQ.FTS.B

,

6

.164

%

,

11/14/25

...

2,921

2,325

a

7788964.SQ.FTS.B

,

6

.462

%

,

11/14/25

...

756

238

a

7794656.SQ.FTS.B

,

4

.749

%

,

11/15/25

...

452

304

a

7793790.SQ.FTS.B

,

4

.78

%

,

11/15/25

....

1,870

1,819

a

7794931.SQ.FTS.B

,

4

.78

%

,

11/15/25

....

10,152

6,816

a

7791432.SQ.FTS.B

,

5

.344

%

,

11/15/25

...

571

567

a

7794684.SQ.FTS.B

,

5

.413

%

,

11/15/25

...

292

218

a

7795103.SQ.FTS.B

,

5

.437

%

,

11/15/25

...

5,594

121

a

7794048.SQ.FTS.B

,

5

.533

%

,

11/15/25

...

2,629

2,537

a

7793878.SQ.FTS.B

,

5

.535

%

,

11/15/25

...

1,271

1,156

a

7793344.SQ.FTS.B

,

5

.911

%

,

11/15/25

...

3,715

3,584

a

7793729.SQ.FTS.B

,

5

.916

%

,

11/15/25

...

2,241

1,923

a

7798868.SQ.FTS.B

,

5

.346

%

,

11/16/25

...

239

238

a

7797458.SQ.FTS.B

,

5

.535

%

,

11/16/25

...

2,443

2,409

a

7798166.SQ.FTS.B

,

5

.911

%

,

11/16/25

...

20,551

1,631

a

7802951.SQ.FTS.B

,

4

.782

%

,

11/17/25

...

1,698

1,674

a

7802766.SQ.FTS.B

,

5

.101

%

,

11/17/25

...

1,155

1,123

a

7803525.SQ.FTS.B

,

5

.344

%

,

11/17/25

...

4,136

3,786

a

7800822.SQ.FTS.B

,

5

.531

%

,

11/17/25

...

1,279

1,265

a

7802109.SQ.FTS.B

,

5

.723

%

,

11/17/25

...

15,878

14,731

a

7800873.SQ.FTS.B

,

5

.724

%

,

11/17/25

...

4,779

67

a

7803040.SQ.FTS.B

,

5

.909

%

,

11/17/25

...

1,197

1,140

a

7803451.SQ.FTS.B

,

6

.476

%

,

11/17/25

...

1,811

1,501

a

7804001.SQ.FTS.B

,

5

.723

%

,

11/18/25

...

7,345

6,916

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

33

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7804812.SQ.FTS.B

,

5

.731

%

,

11/18/25

...

$

1,004

$

955

a

7805074.SQ.FTS.B

,

4

.782

%

,

11/19/25

...

2,992

2,880

a

7805048.SQ.FTS.B

,

5

.44

%

,

11/19/25

....

554

156

a

7806629.SQ.FTS.B

,

4

.779

%

,

11/20/25

...

653

650

a

7806131.SQ.FTS.B

,

4

.78

%

,

11/20/25

....

1,659

–

a

7806006.SQ.FTS.B

,

5

.089

%

,

11/20/25

...

153

153

a

7808380.SQ.FTS.B

,

5

.914

%

,

11/20/25

...

6,558

608

a

7806075.SQ.FTS.B

,

5

.918

%

,

11/20/25

...

1,058

19

a

7811542.SQ.FTS.B

,

4

.73

%

,

11/21/25

....

276

201

a

7811758.SQ.FTS.B

,

4

.73

%

,

11/21/25

....

602

392

a

7811481.SQ.FTS.B

,

4

.775

%

,

11/21/25

...

3,549

2,937

a

7810965.SQ.FTS.B

,

4

.778

%

,

11/21/25

...

2,971

2,740

a

7810650.SQ.FTS.B

,

4

.78

%

,

11/21/25

....

2,063

2,027

a

7811168.SQ.FTS.B

,

4

.786

%

,

11/21/25

....

1,490

1,374

a

7812963.SQ.FTS.B

,

5

.094

%

,

11/21/25

...

917

890

a

7809994.SQ.FTS.B

,

5

.096

%

,

11/21/25

...

972

953

a

7810845.SQ.FTS.B

,

5

.103

%

,

11/21/25

...

2,141

1,418

a

7810923.SQ.FTS.B

,

6

.149

%

,

11/21/25

...

1,294

763

a

7811729.SQ.FTS.B

,

6

.168

%

,

11/21/25

...

1,139

16

a

7811932.SQ.FTS.B

,

6

.499

%

,

11/21/25

...

110

106

a

7815440.SQ.FTS.B

,

4

.779

%

,

11/22/25

...

5,071

4,920

a

7815672.SQ.FTS.B

,

4

.78

%

,

11/22/25

....

5,045

5,016

a

7814769.SQ.FTS.B

,

4

.783

%

,

11/22/25

...

512

508

a

7814352.SQ.FTS.B

,

5

.098

%

,

11/22/25

...

4,364

3,873

a

7813697.SQ.FTS.B

,

5

.344

%

,

11/22/25

...

911

900

a

7813283.SQ.FTS.B

,

5

.346

%

,

11/22/25

...

2,850

–

a

7815586.SQ.FTS.B

,

5

.535

%

,

11/22/25

...

3,504

2,518

a

7823332.SQ.FTS.B

,

4

.752

%

,

11/23/25

...

1,166

296

a

7823385.SQ.FTS.B

,

5

.097

%

,

11/23/25

...

4,260

3,835

a

7824627.SQ.FTS.B

,

5

.346

%

,

11/23/25

...

19,987

16,810

a

7822522.SQ.FTS.B

,

5

.536

%

,

11/23/25

...

18,694

407

a

7825506.SQ.FTS.B

,

4

.778

%

,

11/24/25

...

4,750

4,583

a

7828858.SQ.FTS.B

,

4

.78

%

,

11/24/25

....

6,283

6,231

a

7827686.SQ.FTS.B

,

4

.783

%

,

11/24/25

...

2,458

2,419

a

7828798.SQ.FTS.B

,

4

.786

%

,

11/24/25

...

861

852

a

7828343.SQ.FTS.B

,

5

.096

%

,

11/24/25

...

3,229

1,985

a

7825902.SQ.FTS.B

,

5

.346

%

,

11/24/25

...

19,967

19,558

a

7828641.SQ.FTS.B

,

5

.521

%

,

11/24/25

...

731

700

a

7827355.SQ.FTS.B

,

5

.536

%

,

11/24/25

...

16,033

11,894

a

7825444.SQ.FTS.B

,

6

.164

%

,

11/24/25

...

340

41

a

7830244.SQ.FTS.B

,

4

.762

%

,

11/25/25

...

547

357

a

7830297.SQ.FTS.B

,

5

.093

%

,

11/25/25

...

1,123

1,107

a

7830269.SQ.FTS.B

,

5

.535

%

,

11/25/25

...

556

523

a

7829488.SQ.FTS.B

,

5

.907

%

,

11/25/25

...

3,094

2,140

a

7830977.SQ.FTS.B

,

4

.778

%

,

11/26/25

...

1,608

1,594

a

7830557.SQ.FTS.B

,

5

.1

%

,

11/26/25

.....

610

600

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7830760.SQ.FTS.B

,

5

.436

%

,

11/26/25

...

$

6,572

$

2,717

a

7831200.SQ.FTS.B

,

5

.902

%

,

11/26/25

...

722

574

a

7832147.SQ.FTS.B

,

4

.789

%

,

11/27/25

...

1,315

1,266

a

7833003.SQ.FTS.B

,

4

.735

%

,

11/28/25

...

432

290

a

7833050.SQ.FTS.B

,

4

.78

%

,

11/28/25

....

1,136

1,126

a

7833751.SQ.FTS.B

,

4

.78

%

,

11/28/25

....

19,195

18,881

a

7835423.SQ.FTS.B

,

5

.535

%

,

11/28/25

...

16,032

15,013

a

7836184.SQ.FTS.B

,

6

.169

%

,

11/28/25

...

1,127

475

a

7837935.SQ.FTS.B

,

4

.78

%

,

11/29/25

....

1,000

993

a

7838033.SQ.FTS.B

,

4

.78

%

,

11/29/25

....

13,048

12,901

a

7840068.SQ.FTS.B

,

4

.781

%

,

11/29/25

...

333

331

a

7840053.SQ.FTS.B

,

5

.095

%

,

11/29/25

...

857

845

a

7837878.SQ.FTS.B

,

5

.535

%

,

11/29/25

...

1,526

1,447

a

7836439.SQ.FTS.B

,

5

.723

%

,

11/29/25

...

5,010

4,558

a

7843585.SQ.FTS.B

,

4

.77

%

,

11/30/25

....

689

680

a

7847877.SQ.FTS.B

,

4

.777

%

,

11/30/25

...

793

788

a

7846681.SQ.FTS.B

,

4

.779

%

,

11/30/25

...

7,681

7,531

a

7845604.SQ.FTS.B

,

4

.78

%

,

11/30/25

....

5,643

4,409

a

7847120.SQ.FTS.B

,

4

.78

%

,

11/30/25

....

15,845

3,040

a

7848081.SQ.FTS.B

,

4

.78

%

,

11/30/25

....

4,141

3,901

a

7849196.SQ.FTS.B

,

4

.78

%

,

11/30/25

....

442

84

a

7847727.SQ.FTS.B

,

4

.782

%

,

11/30/25

...

1,389

1,371

a

7848556.SQ.FTS.B

,

5

.092

%

,

11/30/25

...

6,121

5,629

a

7842626.SQ.FTS.B

,

5

.102

%

,

11/30/25

...

1,816

1,636

a

7846007.SQ.FTS.B

,

5

.352

%

,

11/30/25

...

1,013

993

a

7843814.SQ.FTS.B

,

5

.435

%

,

11/30/25

...

1,608

185

a

7849174.SQ.FTS.B

,

5

.535

%

,

11/30/25

...

1,033

1,003

a

7847972.SQ.FTS.B

,

5

.711

%

,

11/30/25

...

70

69

a

7850077.SQ.FTS.B

,

5

.725

%

,

11/30/25

...

534

498

a

7849316.SQ.FTS.B

,

6

.154

%

,

11/30/25

...

547

434

a

7842506.SQ.FTS.B

,

6

.164

%

,

11/30/25

...

3,505

1,708

a

7845896.SQ.FTS.B

,

6

.171

%

,

11/30/25

...

2,769

36

a

7845917.SQ.FTS.B

,

6

.289

%

,

11/30/25

...

4,981

3,047

a

7850862.SQ.FTS.B

,

4

.78

%

,

12/01/25

....

6,140

6,080

a

7852014.SQ.FTS.B

,

5

.093

%

,

12/02/25

...

2,068

2,055

a

7851881.SQ.FTS.B

,

5

.33

%

,

12/02/25

....

709

669

a

7851862.SQ.FTS.B

,

5

.444

%

,

12/02/25

...

1,437

42

a

7855273.SQ.FTS.B

,

4

.777

%

,

12/03/25

...

1,967

1,927

a

7853607.SQ.FTS.B

,

4

.78

%

,

12/03/25

....

875

869

a

7856504.SQ.FTS.B

,

5

.089

%

,

12/03/25

...

3,263

2,185

a

7853962.SQ.FTS.B

,

5

.094

%

,

12/03/25

...

30,459

390

a

7855254.SQ.FTS.B

,

6

.477

%

,

12/03/25

...

1,303

691

a

7856876.SQ.FTS.B

,

4

.778

%

,

12/04/25

...

764

760

a

7858812.SQ.FTS.B

,

4

.78

%

,

12/04/25

....

359

356

a

7859113.SQ.FTS.B

,

4

.781

%

,

12/04/25

...

11,400

8,922

a

7857494.SQ.FTS.B

,

5

.098

%

,

12/04/25

...

2,223

2,184

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

34

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7860462.SQ.FTS.B

,

5

.347

%

,

12/04/25

...

$

9,476

$

8,692

a

7858201.SQ.FTS.B

,

5

.535

%

,

12/04/25

...

9,308

8,136

a

7856808.SQ.FTS.B

,

5

.717

%

,

12/04/25

...

1,706

1,380

a

7857831.SQ.FTS.B

,

5

.725

%

,

12/04/25

...

16,733

152

a

7863722.SQ.FTS.B

,

4

.743

%

,

12/05/25

...

926

163

a

7862394.SQ.FTS.B

,

4

.749

%

,

12/05/25

...

758

313

a

7863127.SQ.FTS.B

,

4

.762

%

,

12/05/25

...

396

263

a

7861466.SQ.FTS.B

,

4

.777

%

,

12/05/25

...

2,603

2,559

a

7862424.SQ.FTS.B

,

4

.78

%

,

12/05/25

....

3,673

3,641

a

7863207.SQ.FTS.B

,

4

.78

%

,

12/05/25

....

28,031

26,402

a

7863757.SQ.FTS.B

,

4

.78

%

,

12/05/25

....

431

428

a

7863777.SQ.FTS.B

,

4

.78

%

,

12/05/25

....

2,484

2,461

a

7863991.SQ.FTS.B

,

4

.78

%

,

12/05/25

....

1,131

1,118

a

7864118.SQ.FTS.B

,

4

.787

%

,

12/05/25

...

560

554

a

7861753.SQ.FTS.B

,

5

.093

%

,

12/05/25

...

2,222

1,572

a

7862669.SQ.FTS.B

,

5

.099

%

,

12/05/25

...

2,069

2,010

a

7861099.SQ.FTS.B

,

5

.348

%

,

12/05/25

...

6,364

5,973

a

7864315.SQ.FTS.B

,

5

.915

%

,

12/05/25

...

7,642

160

a

7862243.SQ.FTS.B

,

6

.152

%

,

12/05/25

...

923

616

a

7863145.SQ.FTS.B

,

6

.164

%

,

12/05/25

...

7,323

1,240

a

7864064.SQ.FTS.B

,

6

.168

%

,

12/05/25

...

153

148

a

7867057.SQ.FTS.B

,

4

.771

%

,

12/06/25

...

526

521

a

7866580.SQ.FTS.B

,

4

.78

%

,

12/06/25

....

868

857

a

7868633.SQ.FTS.B

,

4

.78

%

,

12/06/25

....

12,324

12,210

a

7866713.SQ.FTS.B

,

4

.782

%

,

12/06/25

...

6,192

3,876

a

7868495.SQ.FTS.B

,

4

.782

%

,

12/06/25

...

2,175

2,134

a

7868442.SQ.FTS.B

,

5

.09

%

,

12/06/25

....

2,435

2,123

a

7867979.SQ.FTS.B

,

5

.097

%

,

12/06/25

...

3,635

3,571

a

7868421.SQ.FTS.B

,

6

.157

%

,

12/06/25

...

1,366

1,134

a

7870306.SQ.FTS.B

,

4

.781

%

,

12/07/25

...

1,253

1,244

a

7870431.SQ.FTS.B

,

4

.787

%

,

12/07/25

...

1,604

1,561

a

7872545.SQ.FTS.B

,

5

.093

%

,

12/07/25

...

3,182

3,036

a

7870486.SQ.FTS.B

,

5

.094

%

,

12/07/25

...

8,755

8,629

a

7871259.SQ.FTS.B

,

5

.095

%

,

12/07/25

...

4,407

4,299

a

7873261.SQ.FTS.B

,

5

.912

%

,

12/07/25

...

1,477

1,319

a

7873340.SQ.FTS.B

,

5

.919

%

,

12/07/25

...

490

442

a

7873355.SQ.FTS.B

,

6

.155

%

,

12/07/25

...

734

612

a

7873369.SQ.FTS.B

,

6

.163

%

,

12/07/25

...

14,140

3,287

a

7874480.SQ.FTS.B

,

5

.112

%

,

12/08/25

...

1,188

850

a

7874516.SQ.FTS.B

,

5

.347

%

,

12/08/25

...

3,167

3,095

a

7874446.SQ.FTS.B

,

5

.543

%

,

12/08/25

...

740

725

a

7874412.SQ.FTS.B

,

6

.17

%

,

12/08/25

....

472

457

a

7875047.SQ.FTS.B

,

4

.757

%

,

12/09/25

...

313

200

a

7875732.SQ.FTS.B

,

4

.779

%

,

12/09/25

...

5,848

5,767

a

7875148.SQ.FTS.B

,

5

.092

%

,

12/09/25

...

8,089

6,221

a

7875406.SQ.FTS.B

,

5

.094

%

,

12/09/25

...

21,513

14,823

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7875078.SQ.FTS.B

,

5

.537

%

,

12/09/25

...

$

1,762

$

1,677

a

7875019.SQ.FTS.B

,

6

.172

%

,

12/09/25

...

620

547

a

7876050.SQ.FTS.B

,

4

.78

%

,

12/10/25

....

6,129

5,785

a

7877456.SQ.FTS.B

,

4

.78

%

,

12/10/25

....

196

195

a

7879219.SQ.FTS.B

,

4

.782

%

,

12/10/25

...

1,915

1,883

a

7879545.SQ.FTS.B

,

5

.346

%

,

12/10/25

...

4,724

4,615

a

7876470.SQ.FTS.B

,

5

.348

%

,

12/10/25

...

993

970

a

7879296.SQ.FTS.B

,

5

.348

%

,

12/10/25

...

10,506

9,448

a

7877489.SQ.FTS.B

,

5

.533

%

,

12/10/25

...

1,092

1,062

a

7876335.SQ.FTS.B

,

5

.917

%

,

12/10/25

...

3,241

2,061

a

7877388.SQ.FTS.B

,

5

.92

%

,

12/10/25

....

986

949

a

7880579.SQ.FTS.B

,

4

.777

%

,

12/11/25

...

2,467

2,385

a

7880432.SQ.FTS.B

,

4

.78

%

,

12/11/25

....

1,702

1,674

a

7880873.SQ.FTS.B

,

4

.78

%

,

12/11/25

....

4,393

4,319

a

7880764.SQ.FTS.B

,

4

.782

%

,

12/11/25

...

3,068

2,501

a

7880174.SQ.FTS.B

,

5

.094

%

,

12/11/25

...

688

681

a

7881107.SQ.FTS.B

,

5

.094

%

,

12/11/25

...

864

827

a

7881973.SQ.FTS.B

,

5

.094

%

,

12/11/25

...

1,410

1,409

a

7883298.SQ.FTS.B

,

5

.094

%

,

12/11/25

...

1,963

1,945

a

7881139.SQ.FTS.B

,

5

.107

%

,

12/11/25

...

172

171

a

7879834.SQ.FTS.B

,

5

.346

%

,

12/11/25

...

2,940

2,773

a

7882746.SQ.FTS.B

,

5

.535

%

,

12/11/25

...

12,251

7,455

a

7883766.SQ.FTS.B

,

4

.779

%

,

12/12/25

...

13,695

13,363

a

7883450.SQ.FTS.B

,

4

.78

%

,

12/12/25

....

5,610

5,532

a

7886338.SQ.FTS.B

,

4

.78

%

,

12/12/25

....

6,618

6,440

a

7886978.SQ.FTS.B

,

5

.094

%

,

12/12/25

...

24,235

23,418

a

7885893.SQ.FTS.B

,

5

.096

%

,

12/12/25

...

2,597

2,575

a

7885885.SQ.FTS.B

,

5

.352

%

,

12/12/25

...

926

870

a

7885718.SQ.FTS.B

,

5

.446

%

,

12/12/25

...

722

568

a

7886630.SQ.FTS.B

,

5

.535

%

,

12/12/25

...

332

332

a

7886214.SQ.FTS.B

,

5

.719

%

,

12/12/25

...

1,747

1,714

a

7884915.SQ.FTS.B

,

6

.152

%

,

12/12/25

...

2,059

528

a

7884583.SQ.FTS.B

,

6

.164

%

,

12/12/25

...

1,381

1,347

a

7884950.SQ.FTS.B

,

6

.164

%

,

12/12/25

...

197

192

a

7886136.SQ.FTS.B

,

6

.164

%

,

12/12/25

...

5,064

3,411

a

7885751.SQ.FTS.B

,

6

.479

%

,

12/12/25

...

4,172

1,858

a

7892941.SQ.FTS.B

,

4

.779

%

,

12/13/25

...

2,315

2,302

a

7890022.SQ.FTS.B

,

4

.78

%

,

12/13/25

....

6,044

4,974

a

7892554.SQ.FTS.B

,

4

.78

%

,

12/13/25

....

187

186

a

7891753.SQ.FTS.B

,

5

.094

%

,

12/13/25

...

4,979

4,387

a

7890889.SQ.FTS.B

,

5

.725

%

,

12/13/25

...

6,159

5,794

a

7892822.SQ.FTS.B

,

5

.913

%

,

12/13/25

...

7,563

149

a

7891603.SQ.FTS.B

,

6

.164

%

,

12/13/25

...

505

498

a

7893100.SQ.FTS.B

,

4

.776

%

,

12/14/25

...

1,976

1,948

a

7895735.SQ.FTS.B

,

4

.78

%

,

12/14/25

....

16,646

15,712

a

7894474.SQ.FTS.B

,

4

.781

%

,

12/14/25

...

1,621

1,612

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

35

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7896520.SQ.FTS.B

,

5

.094

%

,

12/14/25

...

$

12,005

$

11,482

a

7895716.SQ.FTS.B

,

5

.096

%

,

12/14/25

...

1,114

1,093

a

7893273.SQ.FTS.B

,

5

.344

%

,

12/14/25

...

1,859

1,753

a

7895485.SQ.FTS.B

,

5

.922

%

,

12/14/25

...

171

169

a

7894286.SQ.FTS.B

,

6

.16

%

,

12/14/25

....

688

672

a

7894791.SQ.FTS.B

,

6

.162

%

,

12/14/25

...

314

309

a

7894179.SQ.FTS.B

,

6

.169

%

,

12/14/25

...

1,826

1,704

a

7899393.SQ.FTS.B

,

4

.78

%

,

12/15/25

....

433

430

a

7898740.SQ.FTS.B

,

4

.783

%

,

12/15/25

...

2,387

2,313

a

7899030.SQ.FTS.B

,

4

.785

%

,

12/15/25

...

675

666

a

7899105.SQ.FTS.B

,

5

.1

%

,

12/15/25

.....

2,630

1,982

a

7899376.SQ.FTS.B

,

5

.105

%

,

12/15/25

...

1,511

564

a

7899417.SQ.FTS.B

,

5

.346

%

,

12/15/25

...

6,155

5,108

a

7899498.SQ.FTS.B

,

5

.723

%

,

12/15/25

...

1,863

1,850

a

7899178.SQ.FTS.B

,

6

.166

%

,

12/15/25

...

1,757

1,684

a

7899816.SQ.FTS.B

,

4

.779

%

,

12/16/25

...

3,548

3,495

a

7899956.SQ.FTS.B

,

4

.78

%

,

12/16/25

....

3,432

3,252

a

7899924.SQ.FTS.B

,

4

.783

%

,

12/16/25

...

1,722

1,423

a

7899748.SQ.FTS.B

,

5

.097

%

,

12/16/25

...

2,999

2,902

a

7900512.SQ.FTS.B

,

5

.349

%

,

12/16/25

...

1,278

1,257

a

7900212.SQ.FTS.B

,

5

.902

%

,

12/16/25

...

1,559

1,381

a

7899808.SQ.FTS.B

,

6

.172

%

,

12/16/25

...

1,256

692

a

7901793.SQ.FTS.B

,

4

.779

%

,

12/17/25

...

600

597

a

7904157.SQ.FTS.B

,

5

.095

%

,

12/17/25

...

4,840

4,752

a

7901236.SQ.FTS.B

,

5

.348

%

,

12/17/25

...

3,657

3,454

a

7901473.SQ.FTS.B

,

5

.907

%

,

12/17/25

...

1,651

1,416

a

7902270.SQ.FTS.B

,

6

.289

%

,

12/17/25

...

1,976

1,946

a

7906578.SQ.FTS.B

,

5

.097

%

,

12/18/25

...

3,106

3,037

a

7904562.SQ.FTS.B

,

5

.098

%

,

12/18/25

...

175

174

a

7906676.SQ.FTS.B

,

5

.346

%

,

12/18/25

...

18,725

17,993

a

7907550.SQ.FTS.B

,

5

.726

%

,

12/18/25

...

6,239

5,371

a

7905396.SQ.FTS.B

,

6

.161

%

,

12/18/25

...

7,926

1,494

a

7905160.SQ.FTS.B

,

6

.166

%

,

12/18/25

...

5,798

4,964

a

7909998.SQ.FTS.B

,

4

.749

%

,

12/19/25

...

1,109

394

a

7910262.SQ.FTS.B

,

4

.78

%

,

12/19/25

....

4,859

4,741

a

7910386.SQ.FTS.B

,

4

.782

%

,

12/19/25

...

1,605

1,587

a

7910221.SQ.FTS.B

,

5

.35

%

,

12/19/25

....

398

393

a

7910090.SQ.FTS.B

,

5

.535

%

,

12/19/25

...

1,177

1,168

a

7910464.SQ.FTS.B

,

5

.535

%

,

12/19/25

...

25,726

24,085

a

7910245.SQ.FTS.B

,

5

.896

%

,

12/19/25

...

472

456

a

7910369.SQ.FTS.B

,

5

.9

%

,

12/19/25

.....

219

217

a

7910017.SQ.FTS.B

,

6

.184

%

,

12/19/25

...

724

561

a

7911086.SQ.FTS.B

,

6

.289

%

,

12/19/25

...

15,143

9,171

a

7914780.SQ.FTS.B

,

4

.737

%

,

12/20/25

...

1,452

521

a

7911274.SQ.FTS.B

,

4

.78

%

,

12/20/25

....

395

390

a

7911303.SQ.FTS.B

,

4

.781

%

,

12/20/25

...

9,866

9,701

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7912587.SQ.FTS.B

,

4

.781

%

,

12/20/25

...

$

9,325

$

7,746

a

7912076.SQ.FTS.B

,

5

.082

%

,

12/20/25

...

627

612

a

7914433.SQ.FTS.B

,

5

.339

%

,

12/20/25

...

376

373

a

7914364.SQ.FTS.B

,

5

.437

%

,

12/20/25

...

3,173

703

a

7912038.SQ.FTS.B

,

5

.734

%

,

12/20/25

...

452

440

a

7912127.SQ.FTS.B

,

5

.909

%

,

12/20/25

...

891

860

a

7912563.SQ.FTS.B

,

5

.922

%

,

12/20/25

...

282

269

a

7914903.SQ.FTS.B

,

4

.752

%

,

12/21/25

...

1,516

1,061

a

7916297.SQ.FTS.B

,

4

.78

%

,

12/21/25

....

11,697

11,569

a

7915246.SQ.FTS.B

,

4

.781

%

,

12/21/25

...

3,834

3,775

a

7916142.SQ.FTS.B

,

4

.781

%

,

12/21/25

...

2,236

2,215

a

7917398.SQ.FTS.B

,

5

.535

%

,

12/21/25

...

27,980

27,077

a

7919422.SQ.FTS.B

,

4

.749

%

,

12/22/25

...

63

60

a

7919480.SQ.FTS.B

,

4

.78

%

,

12/22/25

....

635

627

a

7919013.SQ.FTS.B

,

4

.781

%

,

12/22/25

...

2,427

2,390

a

7919065.SQ.FTS.B

,

5

.349

%

,

12/22/25

...

4,683

4,187

a

7919449.SQ.FTS.B

,

5

.35

%

,

12/22/25

....

1,738

1,689

a

7919161.SQ.FTS.B

,

5

.444

%

,

12/22/25

...

4,531

3,411

a

7919228.SQ.FTS.B

,

5

.725

%

,

12/22/25

...

7,478

7,178

a

7918902.SQ.FTS.B

,

5

.912

%

,

12/22/25

...

3,731

3,481

a

7919996.SQ.FTS.B

,

4

.776

%

,

12/23/25

...

1,558

1,526

a

7920153.SQ.FTS.B

,

6

.163

%

,

12/23/25

...

3,270

3,116

a

7921108.SQ.FTS.B

,

4

.78

%

,

12/24/25

....

18,143

17,561

a

7922228.SQ.FTS.B

,

4

.78

%

,

12/24/25

....

70

70

a

7924112.SQ.FTS.B

,

5

.53

%

,

12/24/25

....

1,158

1,138

a

7922358.SQ.FTS.B

,

5

.532

%

,

12/24/25

...

1,491

1,465

a

7923372.SQ.FTS.B

,

5

.534

%

,

12/24/25

...

5,483

5,443

a

7922062.SQ.FTS.B

,

5

.535

%

,

12/24/25

...

9,095

1,810

a

7923341.SQ.FTS.B

,

5

.535

%

,

12/24/25

...

1,063

1,001

a

7922596.SQ.FTS.B

,

5

.909

%

,

12/24/25

...

2,977

1,825

a

7926526.SQ.FTS.B

,

4

.732

%

,

12/25/25

...

391

320

a

7927070.SQ.FTS.B

,

4

.776

%

,

12/25/25

...

1,304

1,288

a

7927387.SQ.FTS.B

,

4

.779

%

,

12/25/25

...

13,478

13,306

a

7925113.SQ.FTS.B

,

4

.78

%

,

12/25/25

....

6,638

6,578

a

7925842.SQ.FTS.B

,

4

.78

%

,

12/25/25

....

2,162

2,130

a

7926059.SQ.FTS.B

,

4

.78

%

,

12/25/25

....

5,354

5,238

a

7927841.SQ.FTS.B

,

4

.78

%

,

12/25/25

....

1,732

1,694

a

7928086.SQ.FTS.B

,

4

.78

%

,

12/25/25

....

3,101

3,060

a

7927275.SQ.FTS.B

,

4

.781

%

,

12/25/25

...

4,625

4,483

a

7926297.SQ.FTS.B

,

4

.782

%

,

12/25/25

...

3,379

3,321

a

7925941.SQ.FTS.B

,

5

.096

%

,

12/25/25

...

1,632

1,528

a

7927972.SQ.FTS.B

,

5

.344

%

,

12/25/25

...

2,172

2,110

a

7927010.SQ.FTS.B

,

5

.348

%

,

12/25/25

...

1,127

1,097

a

7926473.SQ.FTS.B

,

5

.533

%

,

12/25/25

...

2,153

2,124

a

7927878.SQ.FTS.B

,

5

.536

%

,

12/25/25

...

3,894

3,709

a

7924744.SQ.FTS.B

,

5

.912

%

,

12/25/25

...

1,094

1,082

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

36

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7925997.SQ.FTS.B

,

6

.164

%

,

12/25/25

...

$

675

$

244

a

7929408.SQ.FTS.B

,

4

.737

%

,

12/26/25

...

1,614

25

a

7928943.SQ.FTS.B

,

4

.748

%

,

12/26/25

...

1,019

859

a

7931170.SQ.FTS.B

,

4

.778

%

,

12/26/25

...

2,590

2,560

a

7931051.SQ.FTS.B

,

4

.779

%

,

12/26/25

...

3,443

2,705

a

7929439.SQ.FTS.B

,

4

.78

%

,

12/26/25

....

1,362

1,348

a

7929853.SQ.FTS.B

,

4

.78

%

,

12/26/25

....

3,444

3,391

a

7930438.SQ.FTS.B

,

4

.78

%

,

12/26/25

....

12,689

12,477

a

7931032.SQ.FTS.B

,

4

.78

%

,

12/26/25

....

634

617

a

7931107.SQ.FTS.B

,

4

.784

%

,

12/26/25

...

2,063

2,021

a

7929539.SQ.FTS.B

,

5

.533

%

,

12/26/25

...

8,537

7,560

a

7930838.SQ.FTS.B

,

5

.723

%

,

12/26/25

...

11,252

7,327

a

7931312.SQ.FTS.B

,

5

.723

%

,

12/26/25

...

10,915

10,583

a

7938098.SQ.FTS.B

,

4

.775

%

,

12/27/25

...

1,880

1,816

a

7936118.SQ.FTS.B

,

4

.779

%

,

12/27/25

...

3,587

3,554

a

7936816.SQ.FTS.B

,

4

.78

%

,

12/27/25

....

3,564

3,532

a

7937328.SQ.FTS.B

,

4

.788

%

,

12/27/25

...

763

754

a

7937373.SQ.FTS.B

,

5

.351

%

,

12/27/25

...

1,700

1,634

a

7936788.SQ.FTS.B

,

5

.435

%

,

12/27/25

...

420

394

a

7935072.SQ.FTS.B

,

5

.534

%

,

12/27/25

...

2,445

2,305

a

7937661.SQ.FTS.B

,

5

.906

%

,

12/27/25

...

974

951

a

7937726.SQ.FTS.B

,

6

.164

%

,

12/27/25

...

8,353

7,686

a

7939487.SQ.FTS.B

,

4

.778

%

,

12/28/25

...

894

881

a

7941303.SQ.FTS.B

,

4

.779

%

,

12/28/25

...

5,390

5,331

a

7939562.SQ.FTS.B

,

4

.78

%

,

12/28/25

....

56,715

47,201

a

7941669.SQ.FTS.B

,

4

.781

%

,

12/28/25

...

22,305

18,574

a

7939386.SQ.FTS.B

,

4

.782

%

,

12/28/25

...

1,141

1,112

a

7938632.SQ.FTS.B

,

5

.734

%

,

12/28/25

...

1,710

1,484

a

7938163.SQ.FTS.B

,

5

.904

%

,

12/28/25

...

1,923

1,622

a

7942361.SQ.FTS.B

,

4

.779

%

,

12/29/25

...

2,373

2,307

a

7942552.SQ.FTS.B

,

5

.344

%

,

12/29/25

...

1,365

1,352

a

7942127.SQ.FTS.B

,

5

.535

%

,

12/29/25

...

8,564

7,528

a

7941868.SQ.FTS.B

,

5

.543

%

,

12/29/25

...

1,090

1,055

a

7943276.SQ.FTS.B

,

4

.735

%

,

12/30/25

...

39

37

a

7943286.SQ.FTS.B

,

4

.78

%

,

12/30/25

....

8,886

8,762

a

7943738.SQ.FTS.B

,

5

.092

%

,

12/30/25

...

2,625

2,528

a

7943179.SQ.FTS.B

,

5

.096

%

,

12/30/25

...

2,885

2,816

a

7943724.SQ.FTS.B

,

6

.278

%

,

12/30/25

...

544

477

a

7944750.SQ.FTS.B

,

4

.775

%

,

1/01/26

....

3,146

2,995

a

7944960.SQ.FTS.B

,

4

.777

%

,

1/01/26

....

2,577

2,536

a

7945123.SQ.FTS.B

,

5

.092

%

,

1/01/26

....

7,149

6,365

a

7944001.SQ.FTS.B

,

5

.346

%

,

1/01/26

....

4,384

2,767

a

7947682.SQ.FTS.B

,

5

.35

%

,

1/01/26

.....

1,811

1,187

a

7944552.SQ.FTS.B

,

5

.367

%

,

1/01/26

....

325

318

a

7945393.SQ.FTS.B

,

6

.479

%

,

1/01/26

....

3,284

2,254

a

7952445.SQ.FTS.B

,

4

.779

%

,

1/02/26

....

8,257

8,119

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7950695.SQ.FTS.B

,

5

.094

%

,

1/02/26

....

$

23,561

$

23,287

a

7950354.SQ.FTS.B

,

5

.099

%

,

1/02/26

....

1,019

1,002

a

7949413.SQ.FTS.B

,

6

.163

%

,

1/02/26

....

33,212

26,277

a

7952731.SQ.FTS.B

,

6

.163

%

,

1/02/26

....

4,320

4,225

a

7951839.SQ.FTS.B

,

6

.279

%

,

1/02/26

....

1,538

585

a

7955576.SQ.FTS.B

,

4

.769

%

,

1/03/26

....

661

467

a

7956224.SQ.FTS.B

,

4

.779

%

,

1/03/26

....

5,032

4,989

a

7956716.SQ.FTS.B

,

4

.78

%

,

1/03/26

.....

20,333

16,912

a

7957305.SQ.FTS.B

,

5

.094

%

,

1/03/26

....

22,023

20,765

a

7955210.SQ.FTS.B

,

5

.354

%

,

1/03/26

....

689

670

a

7958110.SQ.FTS.B

,

6

.164

%

,

1/03/26

....

7,758

3,966

a

7959302.SQ.FTS.B

,

4

.749

%

,

1/04/26

....

3,781

2,228

a

7959126.SQ.FTS.B

,

4

.781

%

,

1/04/26

....

5,510

5,388

a

7959105.SQ.FTS.B

,

5

.093

%

,

1/04/26

....

907

885

a

7959660.SQ.FTS.B

,

5

.345

%

,

1/04/26

....

4,689

4,511

a

7959372.SQ.FTS.B

,

5

.355

%

,

1/04/26

....

2,121

1,811

a

7959418.SQ.FTS.B

,

5

.715

%

,

1/04/26

....

2,493

1,432

a

7962368.SQ.FTS.B

,

4

.743

%

,

1/05/26

....

2,052

1,230

a

7961615.SQ.FTS.B

,

4

.775

%

,

1/05/26

....

1,994

1,960

a

7961282.SQ.FTS.B

,

4

.781

%

,

1/05/26

....

13,671

10,811

a

7961204.SQ.FTS.B

,

4

.782

%

,

1/05/26

....

1,822

1,772

a

7961559.SQ.FTS.B

,

4

.787

%

,

1/05/26

....

1,071

1,053

a

7961684.SQ.FTS.B

,

5

.094

%

,

1/05/26

....

10,226

10,077

a

7962755.SQ.FTS.B

,

5

.098

%

,

1/05/26

....

4,516

4,244

a

7960463.SQ.FTS.B

,

5

.348

%

,

1/05/26

....

1,815

1,803

a

7962290.SQ.FTS.B

,

5

.348

%

,

1/05/26

....

631

627

a

7963167.SQ.FTS.B

,

5

.535

%

,

1/05/26

....

1,917

1,834

a

7961107.SQ.FTS.B

,

5

.913

%

,

1/05/26

....

2,572

2,459

a

7959962.SQ.FTS.B

,

6

.165

%

,

1/05/26

....

13,282

9,414

a

7962193.SQ.FTS.B

,

6

.289

%

,

1/05/26

....

3,763

3,303

a

7962504.SQ.FTS.B

,

6

.475

%

,

1/05/26

....

579

552

a

7963819.SQ.FTS.B

,

4

.78

%

,

1/06/26

.....

816

806

a

7964047.SQ.FTS.B

,

4

.78

%

,

1/06/26

.....

9,855

7,849

a

7963628.SQ.FTS.B

,

5

.358

%

,

1/06/26

....

1,018

980

a

7963660.SQ.FTS.B

,

5

.714

%

,

1/06/26

....

758

685

a

7963754.SQ.FTS.B

,

5

.913

%

,

1/06/26

....

371

362

a

7963986.SQ.FTS.B

,

6

.162

%

,

1/06/26

....

3,163

1,638

a

7964426.SQ.FTS.B

,

5

.088

%

,

1/07/26

....

3,363

2,318

a

7964666.SQ.FTS.B

,

5

.094

%

,

1/07/26

....

13,460

12,966

a

7964521.SQ.FTS.B

,

5

.1

%

,

1/07/26

......

1,924

1,725

a

7964214.SQ.FTS.B

,

5

.722

%

,

1/07/26

....

4,396

4,244

a

7966810.SQ.FTS.B

,

4

.78

%

,

1/08/26

.....

25,542

25,227

a

7965459.SQ.FTS.B

,

5

.346

%

,

1/08/26

....

11,136

10,738

a

7970841.SQ.FTS.B

,

4

.778

%

,

1/09/26

....

3,861

3,799

a

7969466.SQ.FTS.B

,

4

.78

%

,

1/09/26

.....

1,682

1,667

a

7969951.SQ.FTS.B

,

4

.78

%

,

1/09/26

.....

2,197

2,137

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

37

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7970053.SQ.FTS.B

,

4

.78

%

,

1/09/26

.....

$

1,205

$

1,180

a

7971417.SQ.FTS.B

,

4

.78

%

,

1/09/26

.....

18,871

18,360

a

7971902.SQ.FTS.B

,

4

.781

%

,

1/09/26

....

2,982

2,947

a

7969777.SQ.FTS.B

,

5

.348

%

,

1/09/26

....

5,177

5,091

a

7970495.SQ.FTS.B

,

5

.535

%

,

1/09/26

....

704

699

a

7969108.SQ.FTS.B

,

6

.164

%

,

1/09/26

....

2,735

2,663

a

7970437.SQ.FTS.B

,

6

.285

%

,

1/09/26

....

620

614

a

7970736.SQ.FTS.B

,

6

.289

%

,

1/09/26

....

2,865

2,837

a

7973119.SQ.FTS.B

,

4

.777

%

,

1/10/26

....

1,762

1,744

a

7974233.SQ.FTS.B

,

4

.78

%

,

1/10/26

.....

2,438

2,411

a

7972214.SQ.FTS.B

,

4

.782

%

,

1/10/26

....

6,903

5,717

a

7973986.SQ.FTS.B

,

5

.094

%

,

1/10/26

....

3,381

3,345

a

7974124.SQ.FTS.B

,

5

.095

%

,

1/10/26

....

1,120

1,113

a

7974222.SQ.FTS.B

,

5

.731

%

,

1/10/26

....

780

556

a

7973285.SQ.FTS.B

,

5

.911

%

,

1/10/26

....

9,469

8,668

a

7973842.SQ.FTS.B

,

5

.913

%

,

1/10/26

....

2,728

2,653

a

7973186.SQ.FTS.B

,

6

.154

%

,

1/10/26

....

988

873

a

7972649.SQ.FTS.B

,

6

.478

%

,

1/10/26

....

3,696

3,428

a

7978084.SQ.FTS.B

,

4

.772

%

,

1/11/26

....

380

346

a

7979582.SQ.FTS.B

,

4

.779

%

,

1/11/26

....

3,009

2,470

a

7977234.SQ.FTS.B

,

4

.78

%

,

1/11/26

.....

1,460

1,429

a

7978641.SQ.FTS.B

,

4

.78

%

,

1/11/26

.....

25,757

25,329

a

7980354.SQ.FTS.B

,

4

.783

%

,

1/11/26

....

1,070

1,050

a

7977357.SQ.FTS.B

,

5

.095

%

,

1/11/26

....

6,669

6,552

a

7977713.SQ.FTS.B

,

5

.348

%

,

1/11/26

....

4,986

4,845

a

7977299.SQ.FTS.B

,

5

.545

%

,

1/11/26

....

1,581

992

a

7980125.SQ.FTS.B

,

6

.165

%

,

1/11/26

....

4,261

3,443

a

7980081.SQ.FTS.B

,

6

.474

%

,

1/11/26

....

397

368

a

7981103.SQ.FTS.B

,

4

.779

%

,

1/12/26

....

7,993

7,868

a

7980938.SQ.FTS.B

,

4

.78

%

,

1/12/26

.....

2,913

2,864

a

7982139.SQ.FTS.B

,

4

.78

%

,

1/12/26

.....

3,717

3,659

a

7983720.SQ.FTS.B

,

4

.78

%

,

1/12/26

.....

15,090

14,566

a

7983164.SQ.FTS.B

,

5

.092

%

,

1/12/26

....

4,262

3,859

a

7983443.SQ.FTS.B

,

5

.094

%

,

1/12/26

....

22,593

16,544

a

7982373.SQ.FTS.B

,

5

.346

%

,

1/12/26

....

36,107

24,235

a

7981740.SQ.FTS.B

,

5

.535

%

,

1/12/26

....

16,794

10,730

a

7980834.SQ.FTS.B

,

5

.913

%

,

1/12/26

....

1,087

1,000

a

7983120.SQ.FTS.B

,

5

.913

%

,

1/12/26

....

671

661

a

7984604.SQ.FTS.B

,

4

.78

%

,

1/13/26

.....

1,877

1,836

a

7984567.SQ.FTS.B

,

4

.79

%

,

1/13/26

.....

812

790

a

7984916.SQ.FTS.B

,

5

.094

%

,

1/13/26

....

2,182

2,153

a

7984831.SQ.FTS.B

,

5

.351

%

,

1/13/26

....

2,919

2,778

a

7984430.SQ.FTS.B

,

5

.535

%

,

1/13/26

....

3,569

3,517

a

7984647.SQ.FTS.B

,

5

.912

%

,

1/13/26

....

11,893

9,367

a

7985075.SQ.FTS.B

,

4

.78

%

,

1/14/26

.....

1,763

1,726

a

7985444.SQ.FTS.B

,

4

.78

%

,

1/14/26

.....

2,327

2,276

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7985579.SQ.FTS.B

,

4

.78

%

,

1/14/26

.....

$

2,628

$

2,583

a

7985149.SQ.FTS.B

,

5

.44

%

,

1/14/26

.....

617

584

a

7985255.SQ.FTS.B

,

5

.723

%

,

1/14/26

....

2,170

2,097

a

7985495.SQ.FTS.B

,

5

.724

%

,

1/14/26

....

811

805

a

7985401.SQ.FTS.B

,

6

.169

%

,

1/14/26

....

2,204

1,438

a

7988486.SQ.FTS.B

,

4

.762

%

,

1/15/26

....

587

393

a

7989506.SQ.FTS.B

,

4

.777

%

,

1/15/26

....

4,734

4,575

a

7986055.SQ.FTS.B

,

4

.779

%

,

1/15/26

....

1,493

1,485

a

7987815.SQ.FTS.B

,

4

.78

%

,

1/15/26

.....

10,450

10,182

a

7988735.SQ.FTS.B

,

4

.78

%

,

1/15/26

.....

866

844

a

7989160.SQ.FTS.B

,

4

.78

%

,

1/15/26

.....

2,983

2,940

a

7986603.SQ.FTS.B

,

5

.919

%

,

1/15/26

....

680

642

a

7988493.SQ.FTS.B

,

6

.175

%

,

1/15/26

....

1,524

415

a

7990968.SQ.FTS.B

,

4

.748

%

,

1/16/26

....

8,874

3,702

a

7991877.SQ.FTS.B

,

4

.764

%

,

1/16/26

....

490

484

a

7992080.SQ.FTS.B

,

4

.78

%

,

1/16/26

.....

2,990

2,958

a

7992256.SQ.FTS.B

,

5

.095

%

,

1/16/26

....

17,013

16,860

a

7989711.SQ.FTS.B

,

5

.104

%

,

1/16/26

....

1,207

1,173

a

7991206.SQ.FTS.B

,

5

.54

%

,

1/16/26

.....

1,445

1,407

a

7991968.SQ.FTS.B

,

5

.915

%

,

1/16/26

....

2,711

1,000

a

7990193.SQ.FTS.B

,

5

.919

%

,

1/16/26

....

1,449

931

a

7989924.SQ.FTS.B

,

6

.157

%

,

1/16/26

....

1,746

1,319

a

7992014.SQ.FTS.B

,

6

.167

%

,

1/16/26

....

5,321

87

a

7993140.SQ.FTS.B

,

6

.289

%

,

1/16/26

....

5,650

378

a

8000796.SQ.FTS.B

,

4

.757

%

,

1/17/26

....

1,675

28

a

8000433.SQ.FTS.B

,

4

.773

%

,

1/17/26

....

1,067

18

a

7994510.SQ.FTS.B

,

4

.777

%

,

1/17/26

....

2,430

2,349

a

7994425.SQ.FTS.B

,

4

.778

%

,

1/17/26

....

2,301

2,266

a

7993244.SQ.FTS.B

,

4

.78

%

,

1/17/26

.....

3,024

2,991

a

8000815.SQ.FTS.B

,

4

.78

%

,

1/17/26

.....

4,768

4,707

a

7994356.SQ.FTS.B

,

4

.786

%

,

1/17/26

....

2,169

2,068

a

7993572.SQ.FTS.B

,

5

.092

%

,

1/17/26

....

4,021

3,925

a

8000442.SQ.FTS.B

,

5

.095

%

,

1/17/26

....

12,187

11,912

a

7994012.SQ.FTS.B

,

5

.425

%

,

1/17/26

....

202

189

a

7994047.SQ.FTS.B

,

5

.73

%

,

1/17/26

.....

434

427

a

8003084.SQ.FTS.B

,

4

.717

%

,

1/18/26

....

473

261

a

8006149.SQ.FTS.B

,

4

.772

%

,

1/18/26

....

852

841

a

8003707.SQ.FTS.B

,

4

.776

%

,

1/18/26

....

953

937

a

8004081.SQ.FTS.B

,

4

.777

%

,

1/18/26

....

282

280

a

8002887.SQ.FTS.B

,

4

.78

%

,

1/18/26

.....

2,402

2,370

a

8004042.SQ.FTS.B

,

4

.78

%

,

1/18/26

.....

1,254

1,236

a

8004134.SQ.FTS.B

,

4

.784

%

,

1/18/26

....

1,817

1,789

a

8006138.SQ.FTS.B

,

4

.787

%

,

1/18/26

....

1,903

1,807

a

8005262.SQ.FTS.B

,

5

.09

%

,

1/18/26

.....

1,927

1,899

a

8003898.SQ.FTS.B

,

5

.346

%

,

1/18/26

....

1,453

1,433

a

8004229.SQ.FTS.B

,

5

.347

%

,

1/18/26

....

6,685

6,581

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

38

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8005173.SQ.FTS.B

,

5

.352

%

,

1/18/26

....

$

2,451

$

2,104

a

8005498.SQ.FTS.B

,

5

.534

%

,

1/18/26

....

2,286

2,271

a

8003190.SQ.FTS.B

,

5

.726

%

,

1/18/26

....

997

981

a

8005029.SQ.FTS.B

,

5

.911

%

,

1/18/26

....

10,934

7,182

a

8005199.SQ.FTS.B

,

6

.164

%

,

1/18/26

....

4,719

850

a

8005110.SQ.FTS.B

,

6

.184

%

,

1/18/26

....

804

146

a

8007842.SQ.FTS.B

,

4

.724

%

,

1/19/26

....

829

51

a

8007844.SQ.FTS.B

,

4

.751

%

,

1/19/26

....

2,358

2,166

a

8006691.SQ.FTS.B

,

4

.78

%

,

1/19/26

.....

3,716

3,659

a

8007576.SQ.FTS.B

,

4

.78

%

,

1/19/26

.....

1,775

1,757

a

8008103.SQ.FTS.B

,

4

.78

%

,

1/19/26

.....

486

481

a

8007480.SQ.FTS.B

,

5

.09

%

,

1/19/26

.....

1,223

1,178

a

8009473.SQ.FTS.B

,

5

.095

%

,

1/19/26

....

4,136

–

a

8007381.SQ.FTS.B

,

5

.097

%

,

1/19/26

....

935

922

a

8007082.SQ.FTS.B

,

5

.334

%

,

1/19/26

....

586

570

a

8008215.SQ.FTS.B

,

5

.535

%

,

1/19/26

....

20,667

13,619

a

8009235.SQ.FTS.B

,

5

.909

%

,

1/19/26

....

2,229

2,058

a

8008131.SQ.FTS.B

,

5

.912

%

,

1/19/26

....

820

808

a

8010152.SQ.FTS.B

,

4

.783

%

,

1/20/26

....

3,584

3,518

a

8009897.SQ.FTS.B

,

5

.532

%

,

1/20/26

....

2,195

2,110

a

8010479.SQ.FTS.B

,

5

.535

%

,

1/20/26

....

2,157

2,127

a

8010092.SQ.FTS.B

,

6

.164

%

,

1/20/26

....

3,862

3,584

a

8011006.SQ.FTS.B

,

4

.779

%

,

1/21/26

....

5,389

5,344

a

8011293.SQ.FTS.B

,

4

.779

%

,

1/21/26

....

4,089

4,009

a

8010776.SQ.FTS.B

,

4

.78

%

,

1/21/26

.....

1,544

1,521

a

8010640.SQ.FTS.B

,

5

.094

%

,

1/21/26

....

1,891

1,825

a

8011404.SQ.FTS.B

,

5

.097

%

,

1/21/26

....

1,818

1,755

a

8010702.SQ.FTS.B

,

5

.099

%

,

1/21/26

....

2,375

2,321

a

8010816.SQ.FTS.B

,

5

.729

%

,

1/21/26

....

64

64

a

8011467.SQ.FTS.B

,

5

.904

%

,

1/21/26

....

1,304

1,202

a

8014711.SQ.FTS.B

,

4

.779

%

,

1/22/26

....

5,910

5,799

a

8014849.SQ.FTS.B

,

4

.779

%

,

1/22/26

....

8,450

8,325

a

8011785.SQ.FTS.B

,

4

.78

%

,

1/22/26

.....

3,062

3,012

a

8013866.SQ.FTS.B

,

4

.781

%

,

1/22/26

....

3,274

3,242

a

8012289.SQ.FTS.B

,

5

.093

%

,

1/22/26

....

8,215

648

a

8014032.SQ.FTS.B

,

5

.094

%

,

1/22/26

....

4,552

3,424

a

8012919.SQ.FTS.B

,

5

.095

%

,

1/22/26

....

18,175

17,229

a

8013594.SQ.FTS.B

,

5

.103

%

,

1/22/26

....

1,471

1,431

a

8014208.SQ.FTS.B

,

5

.338

%

,

1/22/26

....

952

936

a

8013674.SQ.FTS.B

,

5

.346

%

,

1/22/26

....

6,200

5,420

a

8013835.SQ.FTS.B

,

5

.349

%

,

1/22/26

....

1,355

925

a

8014093.SQ.FTS.B

,

5

.535

%

,

1/22/26

....

2,767

2,703

a

8013519.SQ.FTS.B

,

5

.723

%

,

1/22/26

....

1,873

1,846

a

8013793.SQ.FTS.B

,

6

.168

%

,

1/22/26

....

2,251

2,194

a

8016422.SQ.FTS.B

,

4

.767

%

,

1/23/26

....

645

55

a

8016600.SQ.FTS.B

,

4

.771

%

,

1/23/26

....

2,506

2,008

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8016854.SQ.FTS.B

,

4

.78

%

,

1/23/26

.....

$

13,889

$

11,758

a

8018142.SQ.FTS.B

,

4

.78

%

,

1/23/26

.....

31,743

31,023

a

8016663.SQ.FTS.B

,

5

.348

%

,

1/23/26

....

7,206

6,858

a

8016264.SQ.FTS.B

,

5

.896

%

,

1/23/26

....

638

614

a

8015383.SQ.FTS.B

,

5

.912

%

,

1/23/26

....

6,979

6,880

a

8017114.SQ.FTS.B

,

6

.157

%

,

1/23/26

....

265

238

a

8017820.SQ.FTS.B

,

6

.16

%

,

1/23/26

.....

1,025

86

a

8017347.SQ.FTS.B

,

6

.165

%

,

1/23/26

....

943

925

a

8017283.SQ.FTS.B

,

6

.474

%

,

1/23/26

....

3,045

2,489

a

8020796.SQ.FTS.B

,

4

.777

%

,

1/24/26

....

1,730

1,700

a

8020927.SQ.FTS.B

,

4

.778

%

,

1/24/26

....

5,084

4,970

a

8021080.SQ.FTS.B

,

4

.778

%

,

1/24/26

....

3,129

3,076

a

8019084.SQ.FTS.B

,

4

.78

%

,

1/24/26

.....

2,801

2,672

a

8021278.SQ.FTS.B

,

4

.78

%

,

1/24/26

.....

15,666

15,445

a

8020877.SQ.FTS.B

,

4

.783

%

,

1/24/26

....

2,247

2,184

a

8020542.SQ.FTS.B

,

5

.094

%

,

1/24/26

....

9,645

8,772

a

8019896.SQ.FTS.B

,

5

.344

%

,

1/24/26

....

1,915

1,887

a

8019825.SQ.FTS.B

,

5

.425

%

,

1/24/26

....

424

399

a

8019030.SQ.FTS.B

,

5

.718

%

,

1/24/26

....

1,319

1,283

a

8018766.SQ.FTS.B

,

5

.912

%

,

1/24/26

....

15,041

174

a

8021897.SQ.FTS.B

,

5

.915

%

,

1/24/26

....

4,317

3,572

a

8019861.SQ.FTS.B

,

6

.466

%

,

1/24/26

....

1,280

946

a

8024624.SQ.FTS.B

,

4

.762

%

,

1/25/26

....

418

308

a

8026293.SQ.FTS.B

,

4

.778

%

,

1/25/26

....

3,847

3,710

a

8025024.SQ.FTS.B

,

4

.78

%

,

1/25/26

.....

620

616

a

8024548.SQ.FTS.B

,

4

.781

%

,

1/25/26

....

2,584

2,494

a

8025329.SQ.FTS.B

,

4

.784

%

,

1/25/26

....

1,173

1,153

a

8027604.SQ.FTS.B

,

4

.784

%

,

1/25/26

....

4,651

2,225

a

8025958.SQ.FTS.B

,

5

.09

%

,

1/25/26

.....

4,925

1,483

a

8026740.SQ.FTS.B

,

5

.094

%

,

1/25/26

....

7,777

7,714

a

8027121.SQ.FTS.B

,

5

.095

%

,

1/25/26

....

10,825

10,698

a

8025169.SQ.FTS.B

,

5

.096

%

,

1/25/26

....

1,809

1,788

a

8026266.SQ.FTS.B

,

5

.107

%

,

1/25/26

....

755

744

a

8025406.SQ.FTS.B

,

5

.535

%

,

1/25/26

....

7,693

7,549

a

8024997.SQ.FTS.B

,

5

.713

%

,

1/25/26

....

2,113

1,283

a

8026706.SQ.FTS.B

,

6

.163

%

,

1/25/26

....

2,193

1,374

a

8023992.SQ.FTS.B

,

6

.481

%

,

1/25/26

....

12,353

199

a

8028173.SQ.FTS.B

,

4

.778

%

,

1/26/26

....

4,066

3,998

a

8027843.SQ.FTS.B

,

4

.78

%

,

1/26/26

.....

1,437

1,419

a

8028561.SQ.FTS.B

,

4

.78

%

,

1/26/26

.....

4,137

3,538

a

8031062.SQ.FTS.B

,

4

.781

%

,

1/26/26

....

2,876

2,829

a

8029714.SQ.FTS.B

,

5

.094

%

,

1/26/26

....

20,982

20,727

a

8028015.SQ.FTS.B

,

5

.099

%

,

1/26/26

....

2,271

2,209

a

8030978.SQ.FTS.B

,

5

.444

%

,

1/26/26

....

3,358

371

a

8029441.SQ.FTS.B

,

5

.535

%

,

1/26/26

....

1,584

1,055

a

8028134.SQ.FTS.B

,

5

.539

%

,

1/26/26

....

1,024

967

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

39

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8031667.SQ.FTS.B

,

4

.781

%

,

1/27/26

....

$

10,556

$

10,214

a

8031301.SQ.FTS.B

,

5

.096

%

,

1/27/26

....

4,612

4,229

a

8031429.SQ.FTS.B

,

5

.729

%

,

1/27/26

....

1,663

1,592

a

8031502.SQ.FTS.B

,

6

.17

%

,

1/27/26

.....

2,415

1,882

a

8031913.SQ.FTS.B

,

6

.289

%

,

1/27/26

....

7,953

6,884

a

8031400.SQ.FTS.B

,

6

.294

%

,

1/27/26

....

661

646

a

8032652.SQ.FTS.B

,

4

.773

%

,

1/28/26

....

843

830

a

8032793.SQ.FTS.B

,

4

.777

%

,

1/28/26

....

4,075

3,938

a

8032582.SQ.FTS.B

,

4

.781

%

,

1/28/26

....

2,322

2,267

a

8032736.SQ.FTS.B

,

4

.782

%

,

1/28/26

....

3,428

3,279

a

8032995.SQ.FTS.B

,

4

.783

%

,

1/28/26

....

2,352

2,324

a

8032677.SQ.FTS.B

,

6

.279

%

,

1/28/26

....

775

597

a

8033449.SQ.FTS.B

,

4

.78

%

,

1/29/26

.....

5,988

5,123

a

8035553.SQ.FTS.B

,

4

.78

%

,

1/29/26

.....

10,281

10,198

a

8034127.SQ.FTS.B

,

4

.781

%

,

1/29/26

....

5,981

5,878

a

8034689.SQ.FTS.B

,

4

.782

%

,

1/29/26

....

7,390

7,149

a

8034437.SQ.FTS.B

,

4

.783

%

,

1/29/26

....

1,957

1,921

a

8034529.SQ.FTS.B

,

4

.783

%

,

1/29/26

....

3,223

3,148

a

8035417.SQ.FTS.B

,

4

.783

%

,

1/29/26

....

1,903

1,858

a

8034631.SQ.FTS.B

,

5

.107

%

,

1/29/26

....

1,079

1,049

a

8034651.SQ.FTS.B

,

5

.115

%

,

1/29/26

....

464

457

a

8035108.SQ.FTS.B

,

5

.348

%

,

1/29/26

....

12,002

10,597

a

8034901.SQ.FTS.B

,

5

.725

%

,

1/29/26

....

861

778

a

8033727.SQ.FTS.B

,

6

.289

%

,

1/29/26

....

403

396

a

8037659.SQ.FTS.B

,

4

.78

%

,

1/30/26

.....

5,619

5,536

a

8038426.SQ.FTS.B

,

4

.78

%

,

1/30/26

.....

1,730

1,710

a

8038800.SQ.FTS.B

,

4

.78

%

,

1/30/26

.....

8,171

6,698

a

8039135.SQ.FTS.B

,

4

.78

%

,

1/30/26

.....

1,173

1,156

a

8040424.SQ.FTS.B

,

4

.78

%

,

1/30/26

.....

18,744

18,310

a

8037551.SQ.FTS.B

,

5

.341

%

,

1/30/26

....

1,559

1,518

a

8038676.SQ.FTS.B

,

5

.346

%

,

1/30/26

....

2,824

2,770

a

8037278.SQ.FTS.B

,

5

.444

%

,

1/30/26

....

7,009

4,166

a

8040045.SQ.FTS.B

,

5

.913

%

,

1/30/26

....

19,009

3,761

a

8039328.SQ.FTS.B

,

6

.166

%

,

1/30/26

....

2,510

2,327

a

8043306.SQ.FTS.B

,

4

.779

%

,

1/31/26

....

2,806

2,773

a

8041189.SQ.FTS.B

,

4

.78

%

,

1/31/26

.....

1,808

1,784

a

8042105.SQ.FTS.B

,

4

.78

%

,

1/31/26

.....

3,094

1,596

a

8042375.SQ.FTS.B

,

4

.78

%

,

1/31/26

.....

1,613

1,590

a

8042439.SQ.FTS.B

,

4

.78

%

,

1/31/26

.....

6,535

6,418

a

8042641.SQ.FTS.B

,

4

.78

%

,

1/31/26

.....

2,256

2,203

a

8042827.SQ.FTS.B

,

4

.781

%

,

1/31/26

....

12,335

11,978

a

8041024.SQ.FTS.B

,

5

.099

%

,

1/31/26

....

3,755

3,451

a

8042179.SQ.FTS.B

,

5

.346

%

,

1/31/26

....

8,702

8,160

a

8043219.SQ.FTS.B

,

5

.348

%

,

1/31/26

....

3,779

3,653

a

8041608.SQ.FTS.B

,

5

.535

%

,

1/31/26

....

2,314

2,229

a

8043151.SQ.FTS.B

,

5

.913

%

,

1/31/26

....

678

672

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8042594.SQ.FTS.B

,

6

.474

%

,

1/31/26

....

$

1,186

$

1,068

a

8049012.SQ.FTS.B

,

4

.755

%

,

2/01/26

....

3,551

329

a

8047480.SQ.FTS.B

,

4

.78

%

,

2/01/26

.....

2,879

2,798

a

8047792.SQ.FTS.B

,

4

.78

%

,

2/01/26

.....

11,693

11,430

a

8046665.SQ.FTS.B

,

4

.782

%

,

2/01/26

....

5,872

5,735

a

8048473.SQ.FTS.B

,

4

.783

%

,

2/01/26

....

3,335

3,275

a

8048746.SQ.FTS.B

,

5

.103

%

,

2/01/26

....

2,576

1,980

a

8048693.SQ.FTS.B

,

5

.344

%

,

2/01/26

....

785

775

a

8049065.SQ.FTS.B

,

5

.346

%

,

2/01/26

....

49,883

44,073

a

8048279.SQ.FTS.B

,

5

.438

%

,

2/01/26

....

9,406

1,324

a

8046587.SQ.FTS.B

,

5

.526

%

,

2/01/26

....

1,714

1,618

a

8050194.SQ.FTS.B

,

5

.723

%

,

2/01/26

....

7,609

7,514

a

8046969.SQ.FTS.B

,

5

.724

%

,

2/01/26

....

7,035

6,854

a

8050647.SQ.FTS.B

,

4

.778

%

,

2/02/26

....

1,626

1,604

a

8054181.SQ.FTS.B

,

4

.779

%

,

2/02/26

....

5,037

4,960

a

8052570.SQ.FTS.B

,

4

.79

%

,

2/02/26

.....

1,592

1,514

a

8052412.SQ.FTS.B

,

5

.09

%

,

2/02/26

.....

3,863

3,564

a

8052506.SQ.FTS.B

,

5

.1

%

,

2/02/26

......

3,560

2,781

a

8052587.SQ.FTS.B

,

5

.349

%

,

2/02/26

....

3,952

3,845

a

8052713.SQ.FTS.B

,

5

.367

%

,

2/02/26

....

709

679

a

8053642.SQ.FTS.B

,

5

.439

%

,

2/02/26

....

7,679

5,900

a

8051096.SQ.FTS.B

,

5

.515

%

,

2/02/26

....

1,042

308

a

8050750.SQ.FTS.B

,

5

.535

%

,

2/02/26

....

1,708

1,680

a

8051409.SQ.FTS.B

,

5

.909

%

,

2/02/26

....

1,697

1,636

a

8051329.SQ.FTS.B

,

5

.911

%

,

2/02/26

....

758

739

a

8052229.SQ.FTS.B

,

5

.915

%

,

2/02/26

....

1,857

400

a

8053979.SQ.FTS.B

,

6

.167

%

,

2/02/26

....

2,500

2,440

a

8052729.SQ.FTS.B

,

6

.289

%

,

2/02/26

....

2,761

2,737

a

8054235.SQ.FTS.B

,

4

.757

%

,

2/03/26

....

3,062

646

a

8054292.SQ.FTS.B

,

4

.78

%

,

2/03/26

.....

4,542

4,421

a

8054413.SQ.FTS.B

,

4

.78

%

,

2/03/26

.....

3,318

3,250

a

8054570.SQ.FTS.B

,

4

.78

%

,

2/03/26

.....

17,484

17,061

a

8054521.SQ.FTS.B

,

5

.451

%

,

2/03/26

....

500

408

a

8055183.SQ.FTS.B

,

5

.909

%

,

2/03/26

....

1,814

1,750

a

8054545.SQ.FTS.B

,

5

.918

%

,

2/03/26

....

2,066

1,205

a

8054486.SQ.FTS.B

,

5

.921

%

,

2/03/26

....

1,157

1,116

a

8055856.SQ.FTS.B

,

4

.778

%

,

2/04/26

....

7,133

6,708

a

8056029.SQ.FTS.B

,

4

.783

%

,

2/04/26

....

3,439

1,813

a

8055268.SQ.FTS.B

,

5

.094

%

,

2/04/26

....

6,929

6,597

a

8055745.SQ.FTS.B

,

5

.094

%

,

2/04/26

....

1,646

1,620

a

8056077.SQ.FTS.B

,

5

.094

%

,

2/04/26

....

6,627

6,552

a

8055411.SQ.FTS.B

,

5

.535

%

,

2/04/26

....

9,414

8,903

a

8055649.SQ.FTS.B

,

6

.284

%

,

2/04/26

....

1,479

–

a

8057160.SQ.FTS.B

,

4

.777

%

,

2/05/26

....

1,485

1,461

a

8059103.SQ.FTS.B

,

4

.777

%

,

2/05/26

....

2,813

2,711

a

8058397.SQ.FTS.B

,

4

.779

%

,

2/05/26

....

8,372

8,229

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

40

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8059935.SQ.FTS.B

,

4

.779

%

,

2/05/26

....

$

17,163

$

3,593

a

8058593.SQ.FTS.B

,

4

.78

%

,

2/05/26

.....

14,164

13,887

a

8058964.SQ.FTS.B

,

4

.78

%

,

2/05/26

.....

1,151

1,134

a

8058292.SQ.FTS.B

,

4

.785

%

,

2/05/26

....

1,580

1,553

a

8059012.SQ.FTS.B

,

5

.095

%

,

2/05/26

....

312

310

a

8059743.SQ.FTS.B

,

5

.098

%

,

2/05/26

....

2,176

2,001

a

8057935.SQ.FTS.B

,

5

.348

%

,

2/05/26

....

12,412

8,904

a

8059296.SQ.FTS.B

,

5

.532

%

,

2/05/26

....

3,235

2,795

a

8057307.SQ.FTS.B

,

5

.535

%

,

2/05/26

....

433

430

a

8058319.SQ.FTS.B

,

5

.722

%

,

2/05/26

....

2,405

2,363

a

8057401.SQ.FTS.B

,

5

.896

%

,

2/05/26

....

205

203

a

8059674.SQ.FTS.B

,

5

.913

%

,

2/05/26

....

3,814

3,107

a

8059209.SQ.FTS.B

,

6

.166

%

,

2/05/26

....

207

204

a

8059635.SQ.FTS.B

,

6

.167

%

,

2/05/26

....

3,020

2,567

a

8057262.SQ.FTS.B

,

6

.172

%

,

2/05/26

....

1,446

1,247

a

8059274.SQ.FTS.B

,

6

.177

%

,

2/05/26

....

1,409

612

a

8060387.SQ.FTS.B

,

4

.725

%

,

2/06/26

....

350

325

a

8061233.SQ.FTS.B

,

4

.776

%

,

2/06/26

....

3,436

2,976

a

8062138.SQ.FTS.B

,

4

.778

%

,

2/06/26

....

4,947

4,216

a

8060412.SQ.FTS.B

,

5

.095

%

,

2/06/26

....

5,619

5,175

a

8060903.SQ.FTS.B

,

5

.343

%

,

2/06/26

....

2,563

2,284

a

8060147.SQ.FTS.B

,

5

.346

%

,

2/06/26

....

3,287

3,243

a

8062268.SQ.FTS.B

,

5

.448

%

,

2/06/26

....

697

543

a

8061492.SQ.FTS.B

,

5

.528

%

,

2/06/26

....

427

419

a

8063776.SQ.FTS.B

,

5

.535

%

,

2/06/26

....

565

552

a

8063350.SQ.FTS.B

,

5

.909

%

,

2/06/26

....

6,544

1,481

a

8063638.SQ.FTS.B

,

5

.914

%

,

2/06/26

....

5,099

4,827

a

8061055.SQ.FTS.B

,

5

.916

%

,

2/06/26

....

3,016

2,850

a

8061312.SQ.FTS.B

,

6

.155

%

,

2/06/26

....

214

210

a

8062212.SQ.FTS.B

,

6

.157

%

,

2/06/26

....

553

525

a

8062378.SQ.FTS.B

,

6

.163

%

,

2/06/26

....

11,522

11,191

a

8063619.SQ.FTS.B

,

6

.171

%

,

2/06/26

....

110

–

a

8063424.SQ.FTS.B

,

6

.454

%

,

2/06/26

....

513

436

a

8064168.SQ.FTS.B

,

4

.762

%

,

2/07/26

....

5

5

a

8063996.SQ.FTS.B

,

4

.779

%

,

2/07/26

....

4,202

4,125

a

8066390.SQ.FTS.B

,

4

.779

%

,

2/07/26

....

7,205

6,969

a

8067004.SQ.FTS.B

,

4

.779

%

,

2/07/26

....

7,090

7,030

a

8064329.SQ.FTS.B

,

4

.78

%

,

2/07/26

.....

7,999

7,787

a

8065159.SQ.FTS.B

,

4

.783

%

,

2/07/26

....

3,245

3,169

a

8065250.SQ.FTS.B

,

5

.094

%

,

2/07/26

....

12,664

12,206

a

8065569.SQ.FTS.B

,

5

.094

%

,

2/07/26

....

12,020

11,824

a

8064189.SQ.FTS.B

,

5

.352

%

,

2/07/26

....

1,242

1,217

a

8064318.SQ.FTS.B

,

5

.468

%

,

2/07/26

....

379

335

a

8065515.SQ.FTS.B

,

5

.72

%

,

2/07/26

.....

1,259

1,228

a

8065141.SQ.FTS.B

,

5

.734

%

,

2/07/26

....

530

520

a

8065868.SQ.FTS.B

,

5

.911

%

,

2/07/26

....

7,214

7,149

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8066271.SQ.FTS.B

,

5

.912

%

,

2/07/26

....

$

1,931

$

1,826

a

8065454.SQ.FTS.B

,

6

.287

%

,

2/07/26

....

1,611

1,559

a

8064818.SQ.FTS.B

,

6

.289

%

,

2/07/26

....

10,059

8,022

a

8070419.SQ.FTS.B

,

4

.775

%

,

2/08/26

....

1,216

1,199

a

8070242.SQ.FTS.B

,

4

.78

%

,

2/08/26

.....

4,858

4,630

a

8072625.SQ.FTS.B

,

4

.78

%

,

2/08/26

.....

44,633

43,398

a

8072499.SQ.FTS.B

,

5

.099

%

,

2/08/26

....

2,659

2,614

a

8072375.SQ.FTS.B

,

5

.532

%

,

2/08/26

....

4,512

4,289

a

8069191.SQ.FTS.B

,

5

.533

%

,

2/08/26

....

1,562

1,536

a

8072298.SQ.FTS.B

,

5

.535

%

,

2/08/26

....

3,793

3,707

a

8071950.SQ.FTS.B

,

5

.723

%

,

2/08/26

....

26,299

16,882

a

8070543.SQ.FTS.B

,

6

.157

%

,

2/08/26

....

1,433

1,375

a

8071615.SQ.FTS.B

,

6

.459

%

,

2/08/26

....

967

661

a

8073505.SQ.FTS.B

,

4

.748

%

,

2/09/26

....

2,867

2,676

a

8074446.SQ.FTS.B

,

4

.779

%

,

2/09/26

....

9,164

8,975

a

8074735.SQ.FTS.B

,

4

.78

%

,

2/09/26

.....

6,710

6,516

a

8073055.SQ.FTS.B

,

4

.785

%

,

2/09/26

....

2,551

2,489

a

8075025.SQ.FTS.B

,

5

.096

%

,

2/09/26

....

2,433

2,392

a

8073805.SQ.FTS.B

,

5

.444

%

,

2/09/26

....

754

717

a

8075169.SQ.FTS.B

,

5

.535

%

,

2/09/26

....

22,719

21,009

a

8072915.SQ.FTS.B

,

5

.541

%

,

2/09/26

....

2,999

2,775

a

8075130.SQ.FTS.B

,

6

.164

%

,

2/09/26

....

1,814

38

a

8076303.SQ.FTS.B

,

4

.758

%

,

2/10/26

....

522

496

a

8076156.SQ.FTS.B

,

4

.779

%

,

2/10/26

....

5,396

5,273

a

8076404.SQ.FTS.B

,

4

.779

%

,

2/10/26

....

15,137

14,727

a

8076328.SQ.FTS.B

,

4

.78

%

,

2/10/26

.....

3,546

3,440

a

8076785.SQ.FTS.B

,

4

.78

%

,

2/10/26

.....

3,161

3,088

a

8076761.SQ.FTS.B

,

5

.086

%

,

2/10/26

....

921

902

a

8076049.SQ.FTS.B

,

5

.095

%

,

2/10/26

....

2,213

2,163

a

8077095.SQ.FTS.B

,

4

.778

%

,

2/11/26

....

8,424

7,230

a

8077219.SQ.FTS.B

,

4

.778

%

,

2/11/26

....

12,688

10,877

a

8077655.SQ.FTS.B

,

4

.781

%

,

2/11/26

....

5,510

5,428

a

8076956.SQ.FTS.B

,

5

.094

%

,

2/11/26

....

2,079

2,045

a

8077554.SQ.FTS.B

,

5

.094

%

,

2/11/26

....

233

231

a

8077568.SQ.FTS.B

,

5

.35

%

,

2/11/26

.....

2,180

2,153

a

8077443.SQ.FTS.B

,

5

.538

%

,

2/11/26

....

4,695

4,099

a

8077025.SQ.FTS.B

,

5

.725

%

,

2/11/26

....

5,321

1,383

a

8078093.SQ.FTS.B

,

4

.78

%

,

2/12/26

.....

807

780

a

8080222.SQ.FTS.B

,

4

.784

%

,

2/12/26

....

1,123

1,103

a

8079578.SQ.FTS.B

,

4

.803

%

,

2/12/26

....

213

209

a

8078026.SQ.FTS.B

,

4

.822

%

,

2/12/26

....

146

142

a

8078760.SQ.FTS.B

,

5

.345

%

,

2/12/26

....

2,970

2,844

a

8079228.SQ.FTS.B

,

5

.721

%

,

2/12/26

....

3,481

3,284

a

8079395.SQ.FTS.B

,

5

.723

%

,

2/12/26

....

2,977

2,813

a

8079531.SQ.FTS.B

,

5

.906

%

,

2/12/26

....

419

408

a

8079551.SQ.FTS.B

,

5

.911

%

,

2/12/26

....

1,937

1,738

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

41

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8078030.SQ.FTS.B

,

5

.916

%

,

2/12/26

....

$

5,425

$

1,338

a

8078350.SQ.FTS.B

,

6

.154

%

,

2/12/26

....

1,594

822

a

8078562.SQ.FTS.B

,

6

.17

%

,

2/12/26

.....

1,583

1,543

a

8078475.SQ.FTS.B

,

6

.46

%

,

2/12/26

.....

1,461

223

a

8082502.SQ.FTS.B

,

4

.777

%

,

2/13/26

....

4,722

4,609

a

8081534.SQ.FTS.B

,

4

.78

%

,

2/13/26

.....

1,941

1,884

a

8081715.SQ.FTS.B

,

4

.78

%

,

2/13/26

.....

2,909

2,836

a

8081980.SQ.FTS.B

,

4

.78

%

,

2/13/26

.....

4,893

4,828

a

8081907.SQ.FTS.B

,

4

.783

%

,

2/13/26

....

1,785

1,741

a

8084325.SQ.FTS.B

,

5

.096

%

,

2/13/26

....

5,071

4,888

a

8082823.SQ.FTS.B

,

5

.346

%

,

2/13/26

....

6,752

6,677

a

8083556.SQ.FTS.B

,

5

.723

%

,

2/13/26

....

28,734

19,210

a

8084546.SQ.FTS.B

,

5

.912

%

,

2/13/26

....

32,657

30,441

a

8083380.SQ.FTS.B

,

6

.163

%

,

2/13/26

....

2,439

2,301

a

8084098.SQ.FTS.B

,

6

.172

%

,

2/13/26

....

1,975

1,692

a

8083435.SQ.FTS.B

,

6

.477

%

,

2/13/26

....

3,785

3,463

a

8087986.SQ.FTS.B

,

4

.753

%

,

2/14/26

....

3,035

48

a

8086447.SQ.FTS.B

,

4

.777

%

,

2/14/26

....

4,786

4,671

a

8085028.SQ.FTS.B

,

4

.778

%

,

2/14/26

....

10,515

9,982

a

8085688.SQ.FTS.B

,

4

.778

%

,

2/14/26

....

5,766

4,972

a

8086066.SQ.FTS.B

,

4

.78

%

,

2/14/26

.....

1,316

1,294

a

8087193.SQ.FTS.B

,

4

.78

%

,

2/14/26

.....

7,861

7,629

a

8086140.SQ.FTS.B

,

5

.083

%

,

2/14/26

....

1,656

715

a

8087410.SQ.FTS.B

,

5

.095

%

,

2/14/26

....

3,432

3,369

a

8087629.SQ.FTS.B

,

5

.099

%

,

2/14/26

....

673

668

a

8086633.SQ.FTS.B

,

5

.346

%

,

2/14/26

....

1,646

1,196

a

8086049.SQ.FTS.B

,

5

.458

%

,

2/14/26

....

726

649

a

8087030.SQ.FTS.B

,

5

.535

%

,

2/14/26

....

1,966

1,721

a

8087352.SQ.FTS.B

,

5

.912

%

,

2/14/26

....

438

416

a

8087828.SQ.FTS.B

,

6

.161

%

,

2/14/26

....

3,459

3,358

a

8087076.SQ.FTS.B

,

6

.167

%

,

2/14/26

....

6,478

4,976

a

8087361.SQ.FTS.B

,

6

.299

%

,

2/14/26

....

439

435

a

8087607.SQ.FTS.B

,

6

.488

%

,

2/14/26

....

1,089

1,017

a

8090252.SQ.FTS.B

,

4

.747

%

,

2/15/26

....

434

316

a

8091041.SQ.FTS.B

,

4

.78

%

,

2/15/26

.....

2,522

2,483

a

8093329.SQ.FTS.B

,

4

.782

%

,

2/15/26

....

6,207

5,990

a

8090109.SQ.FTS.B

,

4

.79

%

,

2/15/26

.....

934

804

a

8091984.SQ.FTS.B

,

5

.089

%

,

2/15/26

....

1,251

1,191

a

8092025.SQ.FTS.B

,

5

.093

%

,

2/15/26

....

2,768

2,675

a

8092099.SQ.FTS.B

,

5

.093

%

,

2/15/26

....

6,285

5,990

a

8090392.SQ.FTS.B

,

5

.094

%

,

2/15/26

....

20,681

15,283

a

8091568.SQ.FTS.B

,

5

.094

%

,

2/15/26

....

1,878

1,845

a

8091779.SQ.FTS.B

,

5

.094

%

,

2/15/26

....

4,120

4,042

a

8093040.SQ.FTS.B

,

5

.529

%

,

2/15/26

....

2,641

2,305

a

8092192.SQ.FTS.B

,

5

.535

%

,

2/15/26

....

5,644

5,548

a

8091529.SQ.FTS.B

,

5

.902

%

,

2/15/26

....

733

661

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8091452.SQ.FTS.B

,

5

.908

%

,

2/15/26

....

$

6,428

$

433

a

8091224.SQ.FTS.B

,

5

.914

%

,

2/15/26

....

6,308

5,175

a

8091543.SQ.FTS.B

,

6

.161

%

,

2/15/26

....

1,804

1,559

a

8092015.SQ.FTS.B

,

6

.164

%

,

2/15/26

....

455

430

a

8090129.SQ.FTS.B

,

6

.165

%

,

2/15/26

....

1,598

1,374

a

8090264.SQ.FTS.B

,

6

.297

%

,

2/15/26

....

728

685

a

8095293.SQ.FTS.B

,

4

.778

%

,

2/16/26

....

4,308

4,203

a

8094641.SQ.FTS.B

,

4

.78

%

,

2/16/26

.....

6,820

6,755

a

8095236.SQ.FTS.B

,

4

.789

%

,

2/16/26

....

1,776

1,695

a

8095193.SQ.FTS.B

,

5

.082

%

,

2/16/26

....

1,147

486

a

8093633.SQ.FTS.B

,

5

.086

%

,

2/16/26

....

1,463

1,354

a

8094385.SQ.FTS.B

,

5

.091

%

,

2/16/26

....

3,440

3,346

a

8095146.SQ.FTS.B

,

5

.353

%

,

2/16/26

....

1,503

1,477

a

8095528.SQ.FTS.B

,

5

.535

%

,

2/16/26

....

9,534

9,402

a

8094212.SQ.FTS.B

,

5

.917

%

,

2/16/26

....

1,984

1,914

a

8096059.SQ.FTS.B

,

6

.272

%

,

2/16/26

....

1,018

706

a

8095515.SQ.FTS.B

,

6

.507

%

,

2/16/26

....

527

480

a

8096997.SQ.FTS.B

,

4

.749

%

,

2/17/26

....

2,909

736

a

8097308.SQ.FTS.B

,

4

.769

%

,

2/17/26

....

666

658

a

8097567.SQ.FTS.B

,

4

.776

%

,

2/17/26

....

1,768

1,724

a

8097339.SQ.FTS.B

,

4

.778

%

,

2/17/26

....

3,660

3,477

a

8097710.SQ.FTS.B

,

4

.784

%

,

2/17/26

....

2,252

2,204

a

8097055.SQ.FTS.B

,

5

.72

%

,

2/17/26

.....

5,002

4,736

a

8097765.SQ.FTS.B

,

6

.155

%

,

2/17/26

....

513

501

a

8098423.SQ.FTS.B

,

4

.776

%

,

2/18/26

....

3,641

3,514

a

8098204.SQ.FTS.B

,

4

.78

%

,

2/18/26

.....

6,414

6,302

a

8098500.SQ.FTS.B

,

4

.78

%

,

2/18/26

.....

2,552

2,497

a

8098562.SQ.FTS.B

,

4

.78

%

,

2/18/26

.....

3,239

3,175

a

8097918.SQ.FTS.B

,

5

.346

%

,

2/18/26

....

4,231

4,182

a

8098638.SQ.FTS.B

,

5

.451

%

,

2/18/26

....

364

337

a

8098655.SQ.FTS.B

,

6

.144

%

,

2/18/26

....

753

655

a

8097872.SQ.FTS.B

,

6

.158

%

,

2/18/26

....

905

882

a

8098646.SQ.FTS.B

,

6

.312

%

,

2/18/26

....

381

366

a

8101830.SQ.FTS.B

,

4

.755

%

,

2/19/26

....

822

740

a

8099044.SQ.FTS.B

,

4

.777

%

,

2/19/26

....

2,921

2,812

a

8100389.SQ.FTS.B

,

4

.78

%

,

2/19/26

.....

24,825

24,126

a

8102391.SQ.FTS.B

,

4

.781

%

,

2/19/26

....

5,575

5,521

a

8099154.SQ.FTS.B

,

4

.784

%

,

2/19/26

....

2,403

2,367

a

8100071.SQ.FTS.B

,

4

.784

%

,

2/19/26

....

3,522

3,419

a

8100267.SQ.FTS.B

,

4

.789

%

,

2/19/26

....

1,724

1,675

a

8100313.SQ.FTS.B

,

5

.094

%

,

2/19/26

....

2,029

1,961

a

8101413.SQ.FTS.B

,

5

.094

%

,

2/19/26

....

13,528

10,791

a

8099756.SQ.FTS.B

,

5

.095

%

,

2/19/26

....

3,358

3,300

a

8101986.SQ.FTS.B

,

5

.343

%

,

2/19/26

....

2,757

2,481

a

8101008.SQ.FTS.B

,

5

.346

%

,

2/19/26

....

12,372

12,128

a

8102164.SQ.FTS.B

,

5

.346

%

,

2/19/26

....

7,525

7,216

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

42

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8102062.SQ.FTS.B

,

5

.538

%

,

2/19/26

....

$

2,441

$

2,379

a

8099986.SQ.FTS.B

,

5

.907

%

,

2/19/26

....

425

422

a

8101882.SQ.FTS.B

,

6

.161

%

,

2/19/26

....

10,769

256

a

8101683.SQ.FTS.B

,

6

.164

%

,

2/19/26

....

989

982

a

8102147.SQ.FTS.B

,

6

.171

%

,

2/19/26

....

998

739

a

8105868.SQ.FTS.B

,

4

.78

%

,

2/20/26

.....

34,362

33,324

a

8105266.SQ.FTS.B

,

5

.095

%

,

2/20/26

....

699

696

a

8105172.SQ.FTS.B

,

5

.097

%

,

2/20/26

....

2,253

2,174

a

8104856.SQ.FTS.B

,

5

.346

%

,

2/20/26

....

7,084

7,019

a

8104677.SQ.FTS.B

,

5

.348

%

,

2/20/26

....

8,796

7,957

a

8105666.SQ.FTS.B

,

5

.535

%

,

2/20/26

....

6,515

6,422

a

8103481.SQ.FTS.B

,

5

.725

%

,

2/20/26

....

12,296

3,407

a

8103841.SQ.FTS.B

,

6

.164

%

,

2/20/26

....

5,691

5,602

a

8102882.SQ.FTS.B

,

6

.289

%

,

2/20/26

....

2,558

2,453

a

8103124.SQ.FTS.B

,

6

.289

%

,

2/20/26

....

6,829

1,141

a

8106258.SQ.FTS.B

,

4

.78

%

,

2/21/26

.....

11,974

11,375

a

8107034.SQ.FTS.B

,

4

.78

%

,

2/21/26

.....

2,840

2,793

a

8107429.SQ.FTS.B

,

4

.78

%

,

2/21/26

.....

1,304

1,279

a

8107598.SQ.FTS.B

,

4

.781

%

,

2/21/26

....

12,013

11,676

a

8108040.SQ.FTS.B

,

4

.781

%

,

2/21/26

....

6,209

6,099

a

8109377.SQ.FTS.B

,

4

.781

%

,

2/21/26

....

5,478

5,316

a

8107532.SQ.FTS.B

,

4

.783

%

,

2/21/26

....

1,632

1,600

a

8109161.SQ.FTS.B

,

5

.095

%

,

2/21/26

....

3,052

3,013

a

8109314.SQ.FTS.B

,

5

.34

%

,

2/21/26

.....

2,706

2,554

a

8108532.SQ.FTS.B

,

5

.66

%

,

2/21/26

.....

20,860

20,459

a

8114447.SQ.FTS.B

,

4

.746

%

,

2/22/26

....

6,330

3,471

a

8113077.SQ.FTS.B

,

4

.777

%

,

2/22/26

....

2,570

2,441

a

8114983.SQ.FTS.B

,

4

.779

%

,

2/22/26

....

1,104

1,089

a

8115244.SQ.FTS.B

,

4

.779

%

,

2/22/26

....

6,893

5,988

a

8113431.SQ.FTS.B

,

4

.78

%

,

2/22/26

.....

5,231

5,155

a

8113135.SQ.FTS.B

,

4

.781

%

,

2/22/26

....

3,005

2,978

a

8113672.SQ.FTS.B

,

4

.782

%

,

2/22/26

....

1,557

1,532

a

8111647.SQ.FTS.B

,

4

.788

%

,

2/22/26

....

963

938

a

8111533.SQ.FTS.B

,

5

.535

%

,

2/22/26

....

608

603

a

8112683.SQ.FTS.B

,

5

.913

%

,

2/22/26

....

9,163

8,743

a

8114614.SQ.FTS.B

,

6

.319

%

,

2/22/26

....

747

702

a

8114935.SQ.FTS.B

,

6

.414

%

,

2/22/26

....

3,564

616

a

8117795.SQ.FTS.B

,

4

.778

%

,

2/23/26

....

7,797

7,431

a

8118575.SQ.FTS.B

,

4

.779

%

,

2/23/26

....

2,404

2,334

a

8116653.SQ.FTS.B

,

4

.78

%

,

2/23/26

.....

2,694

2,639

a

8118357.SQ.FTS.B

,

4

.78

%

,

2/23/26

.....

2,541

2,494

a

8115950.SQ.FTS.B

,

4

.781

%

,

2/23/26

....

13,965

13,705

a

8118065.SQ.FTS.B

,

5

.121

%

,

2/23/26

....

861

850

a

8118250.SQ.FTS.B

,

5

.535

%

,

2/23/26

....

1,516

1,484

a

8116917.SQ.FTS.B

,

6

.328

%

,

2/23/26

....

10,153

7,993

a

8115844.SQ.FTS.B

,

6

.352

%

,

2/23/26

....

560

456

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8118325.SQ.FTS.B

,

6

.423

%

,

2/23/26

....

$

1,263

$

930

a

8118669.SQ.FTS.B

,

4

.779

%

,

2/24/26

....

7,657

7,497

a

8119479.SQ.FTS.B

,

4

.785

%

,

2/24/26

....

2,181

2,134

a

8119531.SQ.FTS.B

,

5

.406

%

,

2/24/26

....

3,554

3,462

a

8119314.SQ.FTS.B

,

6

.139

%

,

2/24/26

....

1,267

1,104

a

8118888.SQ.FTS.B

,

6

.159

%

,

2/24/26

....

555

541

a

8119337.SQ.FTS.B

,

6

.289

%

,

2/24/26

....

3,966

3,849

a

8118871.SQ.FTS.B

,

6

.32

%

,

2/24/26

.....

639

560

a

8118849.SQ.FTS.B

,

6

.439

%

,

2/24/26

....

693

603

a

8119790.SQ.FTS.B

,

4

.78

%

,

2/25/26

.....

4,474

4,403

a

8120046.SQ.FTS.B

,

4

.781

%

,

2/25/26

....

3,825

3,747

a

8120151.SQ.FTS.B

,

4

.781

%

,

2/25/26

....

11,349

10,946

a

8119683.SQ.FTS.B

,

4

.792

%

,

2/25/26

....

510

498

a

8120027.SQ.FTS.B

,

5

.521

%

,

2/25/26

....

1,046

977

a

8122756.SQ.FTS.B

,

4

.778

%

,

2/26/26

....

5,432

5,343

a

8120687.SQ.FTS.B

,

4

.78

%

,

2/26/26

.....

1,534

1,513

a

8122896.SQ.FTS.B

,

4

.78

%

,

2/26/26

.....

9,053

8,813

a

8123161.SQ.FTS.B

,

4

.78

%

,

2/26/26

.....

3,503

3,375

a

8122643.SQ.FTS.B

,

4

.781

%

,

2/26/26

....

3,855

3,127

a

8122313.SQ.FTS.B

,

4

.785

%

,

2/26/26

....

1,877

1,835

a

8122526.SQ.FTS.B

,

4

.785

%

,

2/26/26

....

2,297

2,240

a

8123507.SQ.FTS.B

,

5

.114

%

,

2/26/26

....

21,963

20,879

a

8120652.SQ.FTS.B

,

5

.117

%

,

2/26/26

....

843

813

a

8123131.SQ.FTS.B

,

5

.893

%

,

2/26/26

....

723

694

a

8123498.SQ.FTS.B

,

6

.16

%

,

2/26/26

.....

384

377

a

8120667.SQ.FTS.B

,

6

.164

%

,

2/26/26

....

588

577

a

8122623.SQ.FTS.B

,

6

.164

%

,

2/26/26

....

602

591

a

8121470.SQ.FTS.B

,

6

.316

%

,

2/26/26

....

758

702

a

8120750.SQ.FTS.B

,

6

.42

%

,

2/26/26

.....

6,178

5,944

a

8123901.SQ.FTS.B

,

6

.422

%

,

2/26/26

....

6,315

6,249

a

8124971.SQ.FTS.B

,

4

.78

%

,

2/27/26

.....

5,166

5,115

a

8127202.SQ.FTS.B

,

4

.78

%

,

2/27/26

.....

4,150

4,081

a

8127749.SQ.FTS.B

,

4

.78

%

,

2/27/26

.....

25,570

25,026

a

8127735.SQ.FTS.B

,

4

.961

%

,

2/27/26

....

2,027

1,723

a

8125619.SQ.FTS.B

,

5

.096

%

,

2/27/26

....

4,703

4,644

a

8125949.SQ.FTS.B

,

5

.66

%

,

2/27/26

.....

31,284

30,424

a

8127364.SQ.FTS.B

,

5

.911

%

,

2/27/26

....

20,526

13,630

a

8124440.SQ.FTS.B

,

5

.912

%

,

2/27/26

....

5,119

5,012

a

8131129.SQ.FTS.B

,

4

.767

%

,

2/28/26

....

1,763

1,419

a

8128092.SQ.FTS.B

,

4

.771

%

,

2/28/26

....

1,229

1,206

a

8136150.SQ.FTS.B

,

4

.771

%

,

2/28/26

....

1,948

1,846

a

8142767.SQ.FTS.B

,

4

.774

%

,

2/28/26

....

453

449

a

8135924.SQ.FTS.B

,

4

.776

%

,

2/28/26

....

1,992

1,901

a

8142910.SQ.FTS.B

,

4

.779

%

,

2/28/26

....

169

169

a

8128411.SQ.FTS.B

,

4

.78

%

,

2/28/26

.....

11,020

10,911

a

8131044.SQ.FTS.B

,

4

.78

%

,

2/28/26

.....

4,306

4,152

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

43

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8136019.SQ.FTS.B

,

4

.78

%

,

2/28/26

.....

$

2,352

$

2,298

a

8141044.SQ.FTS.B

,

4

.78

%

,

2/28/26

.....

903

899

a

8142101.SQ.FTS.B

,

4

.78

%

,

2/28/26

.....

1,966

1,905

a

8136520.SQ.FTS.B

,

4

.781

%

,

2/28/26

....

3,963

3,892

a

8142860.SQ.FTS.B

,

4

.782

%

,

2/28/26

....

661

652

a

8131146.SQ.FTS.B

,

4

.783

%

,

2/28/26

....

823

812

a

8135683.SQ.FTS.B

,

4

.784

%

,

2/28/26

....

3,787

3,673

a

8136318.SQ.FTS.B

,

4

.791

%

,

2/28/26

....

1,809

1,722

a

8140861.SQ.FTS.B

,

4

.955

%

,

2/28/26

....

4,123

3,677

a

8131001.SQ.FTS.B

,

5

.101

%

,

2/28/26

....

1,552

1,521

a

8137620.SQ.FTS.B

,

5

.113

%

,

2/28/26

....

3,316

3,265

a

8138282.SQ.FTS.B

,

5

.113

%

,

2/28/26

....

51,264

47,475

a

8137730.SQ.FTS.B

,

5

.114

%

,

2/28/26

....

10,382

10,134

a

8142705.SQ.FTS.B

,

5

.346

%

,

2/28/26

....

4,771

3,181

a

8130144.SQ.FTS.B

,

5

.347

%

,

2/28/26

....

11,485

11,229

a

8139108.SQ.FTS.B

,

5

.408

%

,

2/28/26

....

20,192

19,899

a

8143137.SQ.FTS.B

,

5

.408

%

,

2/28/26

....

5,629

5,499

a

8143305.SQ.FTS.B

,

5

.408

%

,

2/28/26

....

4,975

3,479

a

8142803.SQ.FTS.B

,

5

.415

%

,

2/28/26

....

1,129

1,116

a

8136390.SQ.FTS.B

,

5

.525

%

,

2/28/26

....

1,214

1,159

a

8129955.SQ.FTS.B

,

5

.643

%

,

2/28/26

....

327

316

a

8129986.SQ.FTS.B

,

5

.669

%

,

2/28/26

....

1,264

1,240

a

8142516.SQ.FTS.B

,

5

.912

%

,

2/28/26

....

4,918

4,778

a

8143097.SQ.FTS.B

,

6

.151

%

,

2/28/26

....

937

919

a

8143370.SQ.FTS.B

,

6

.422

%

,

2/28/26

....

7,760

4,659

a

8135171.SQ.FTS.B

,

6

.544

%

,

2/28/26

....

1,885

1,310

a

8128195.SQ.FTS.B

,

6

.551

%

,

2/28/26

....

5,432

3,822

a

8138233.SQ.FTS.B

,

6

.554

%

,

2/28/26

....

411

403

a

8137699.SQ.FTS.B

,

6

.65

%

,

2/28/26

.....

1,030

98

a

8129800.SQ.FTS.B

,

6

.672

%

,

2/28/26

....

6,150

6,014

a

8142147.SQ.FTS.B

,

6

.672

%

,

2/28/26

....

6,659

5,874

a

8143889.SQ.FTS.B

,

4

.769

%

,

3/01/26

....

1,108

1,085

a

8143809.SQ.FTS.B

,

4

.78

%

,

3/01/26

.....

2,164

2,123

a

8144243.SQ.FTS.B

,

4

.783

%

,

3/01/26

....

4,274

4,149

a

8143479.SQ.FTS.B

,

5

.911

%

,

3/01/26

....

12,389

11,431

a

8145071.SQ.FTS.B

,

4

.99

%

,

3/02/26

.....

463

264

a

8145335.SQ.FTS.B

,

5

.117

%

,

3/02/26

....

1,885

1,792

a

8145418.SQ.FTS.B

,

5

.636

%

,

3/02/26

....

12,225

102

a

8144892.SQ.FTS.B

,

5

.66

%

,

3/02/26

.....

555

544

a

8144384.SQ.FTS.B

,

5

.669

%

,

3/02/26

....

1,724

1,676

a

8144830.SQ.FTS.B

,

6

.15

%

,

3/02/26

.....

3,165

3,030

a

8144863.SQ.FTS.B

,

6

.159

%

,

3/02/26

....

1,769

1,613

a

8145361.SQ.FTS.B

,

6

.415

%

,

3/02/26

....

2,460

2,169

a

8144940.SQ.FTS.B

,

6

.669

%

,

3/02/26

....

1,467

1,376

a

8147818.SQ.FTS.B

,

4

.777

%

,

3/03/26

....

3,866

3,796

a

8145720.SQ.FTS.B

,

4

.779

%

,

3/03/26

....

7,810

7,683

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8147146.SQ.FTS.B

,

4

.78

%

,

3/03/26

.....

$

6,485

$

6,249

a

8148963.SQ.FTS.B

,

4

.78

%

,

3/03/26

.....

3,643

3,530

a

8146232.SQ.FTS.B

,

4

.781

%

,

3/03/26

....

28,165

23,637

a

8147998.SQ.FTS.B

,

4

.782

%

,

3/03/26

....

2,479

2,429

a

8147643.SQ.FTS.B

,

4

.784

%

,

3/03/26

....

2,758

2,710

a

8147314.SQ.FTS.B

,

5

.091

%

,

3/03/26

....

1,932

1,889

a

8147610.SQ.FTS.B

,

5

.679

%

,

3/03/26

....

677

663

a

8148427.SQ.FTS.B

,

5

.915

%

,

3/03/26

....

103

102

a

8148898.SQ.FTS.B

,

6

.447

%

,

3/03/26

....

179

177

a

8147383.SQ.FTS.B

,

6

.672

%

,

3/03/26

....

7,773

7,305

a

8150743.SQ.FTS.B

,

4

.762

%

,

3/04/26

....

674

659

a

8151124.SQ.FTS.B

,

4

.779

%

,

3/04/26

....

2,833

2,807

a

8149805.SQ.FTS.B

,

4

.78

%

,

3/04/26

.....

13,750

13,079

a

8150361.SQ.FTS.B

,

4

.78

%

,

3/04/26

.....

24,110

7,421

a

8149465.SQ.FTS.B

,

4

.781

%

,

3/04/26

....

7,244

7,084

a

8150835.SQ.FTS.B

,

4

.782

%

,

3/04/26

....

4,741

4,632

a

8151363.SQ.FTS.B

,

4

.786

%

,

3/04/26

....

2,610

2,531

a

8150811.SQ.FTS.B

,

4

.803

%

,

3/04/26

....

451

443

a

8151292.SQ.FTS.B

,

4

.974

%

,

3/04/26

....

557

344

a

8151417.SQ.FTS.B

,

5

.108

%

,

3/04/26

....

1,420

1,397

a

8152223.SQ.FTS.B

,

5

.113

%

,

3/04/26

....

20,718

20,394

a

8151959.SQ.FTS.B

,

5

.66

%

,

3/04/26

.....

12,035

11,244

a

8151099.SQ.FTS.B

,

5

.674

%

,

3/04/26

....

1,074

1,043

a

8152809.SQ.FTS.B

,

5

.912

%

,

3/04/26

....

32,554

21,734

a

8151337.SQ.FTS.B

,

6

.164

%

,

3/04/26

....

743

723

a

8155193.SQ.FTS.B

,

4

.78

%

,

3/05/26

.....

11,356

11,099

a

8157664.SQ.FTS.B

,

4

.78

%

,

3/05/26

.....

62,345

51,220

a

8155177.SQ.FTS.B

,

4

.796

%

,

3/05/26

....

419

408

a

8155739.SQ.FTS.B

,

4

.955

%

,

3/05/26

....

12,649

6,048

a

8157542.SQ.FTS.B

,

5

.109

%

,

3/05/26

....

2,101

2,019

a

8158269.SQ.FTS.B

,

5

.114

%

,

3/05/26

....

21,978

21,552

a

8156752.SQ.FTS.B

,

5

.409

%

,

3/05/26

....

16,883

16,599

a

8156444.SQ.FTS.B

,

6

.327

%

,

3/05/26

....

12,992

6,004

a

8157489.SQ.FTS.B

,

6

.418

%

,

3/05/26

....

2,286

2,109

a

8157610.SQ.FTS.B

,

6

.677

%

,

3/05/26

....

4,825

3,368

a

8158959.SQ.FTS.B

,

4

.777

%

,

3/06/26

....

4,979

4,843

a

8160380.SQ.FTS.B

,

4

.779

%

,

3/06/26

....

8,091

7,669

a

8160579.SQ.FTS.B

,

4

.78

%

,

3/06/26

.....

1,443

1,436

a

8161604.SQ.FTS.B

,

4

.78

%

,

3/06/26

.....

37,722

36,503

a

8161145.SQ.FTS.B

,

4

.783

%

,

3/06/26

....

3,482

3,413

a

8160800.SQ.FTS.B

,

5

.097

%

,

3/06/26

....

4,149

3,846

a

8160883.SQ.FTS.B

,

5

.911

%

,

3/06/26

....

8,907

8,717

a

8159471.SQ.FTS.B

,

6

.164

%

,

3/06/26

....

7,099

6,740

a

8160188.SQ.FTS.B

,

6

.535

%

,

3/06/26

....

532

518

a

8162221.SQ.FTS.B

,

4

.779

%

,

3/07/26

....

5,281

5,160

a

8163025.SQ.FTS.B

,

4

.779

%

,

3/07/26

....

10,832

10,672

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

44

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8162745.SQ.FTS.B

,

4

.781

%

,

3/07/26

....

$

12,161

$

11,890

a

8162410.SQ.FTS.B

,

5

.406

%

,

3/07/26

....

2,885

2,833

a

8162728.SQ.FTS.B

,

6

.55

%

,

3/07/26

.....

659

545

a

8163335.SQ.FTS.B

,

4

.78

%

,

3/08/26

.....

17,531

17,127

a

8163748.SQ.FTS.B

,

4

.78

%

,

3/08/26

.....

5,109

5,006

a

8163716.SQ.FTS.B

,

6

.334

%

,

3/08/26

....

1,785

1,599

a

8166169.SQ.FTS.B

,

4

.78

%

,

3/09/26

.....

1,076

1,056

a

8166199.SQ.FTS.B

,

5

.095

%

,

3/09/26

....

7,521

7,288

a

8164392.SQ.FTS.B

,

5

.101

%

,

3/09/26

....

1,237

1,145

a

8166052.SQ.FTS.B

,

5

.11

%

,

3/09/26

.....

3,402

3,353

a

8165752.SQ.FTS.B

,

5

.111

%

,

3/09/26

....

6,285

5,836

a

8164357.SQ.FTS.B

,

5

.403

%

,

3/09/26

....

1,232

1,192

a

8166397.SQ.FTS.B

,

5

.409

%

,

3/09/26

....

18,548

18,135

a

8164414.SQ.FTS.B

,

5

.66

%

,

3/09/26

.....

638

626

a

8167491.SQ.FTS.B

,

5

.66

%

,

3/09/26

.....

7,391

6,883

a

8164437.SQ.FTS.B

,

6

.289

%

,

3/09/26

....

450

296

a

8166002.SQ.FTS.B

,

6

.336

%

,

3/09/26

....

1,619

1,352

a

8164500.SQ.FTS.B

,

6

.422

%

,

3/09/26

....

17,376

16,082

a

8169348.SQ.FTS.B

,

4

.78

%

,

3/10/26

.....

9,404

9,156

a

8167883.SQ.FTS.B

,

4

.782

%

,

3/10/26

....

2,097

2,042

a

8170474.SQ.FTS.B

,

4

.784

%

,

3/10/26

....

3,887

3,766

a

8168800.SQ.FTS.B

,

5

.115

%

,

3/10/26

....

3,286

3,250

a

8167768.SQ.FTS.B

,

5

.625

%

,

3/10/26

....

832

682

a

8169094.SQ.FTS.B

,

5

.66

%

,

3/10/26

.....

2,540

2,116

a

8170418.SQ.FTS.B

,

5

.66

%

,

3/10/26

.....

3,677

516

a

8168011.SQ.FTS.B

,

6

.152

%

,

3/10/26

....

8,949

8,717

a

8169654.SQ.FTS.B

,

6

.324

%

,

3/10/26

....

252

245

a

8169627.SQ.FTS.B

,

6

.436

%

,

3/10/26

....

174

172

a

8174309.SQ.FTS.B

,

4

.779

%

,

3/11/26

....

4,626

4,521

a

8171618.SQ.FTS.B

,

4

.78

%

,

3/11/26

.....

3,050

2,984

a

8172480.SQ.FTS.B

,

4

.781

%

,

3/11/26

....

8,712

8,388

a

8172148.SQ.FTS.B

,

4

.783

%

,

3/11/26

....

3,887

3,816

a

8173424.SQ.FTS.B

,

4

.923

%

,

3/11/26

....

544

359

a

8171795.SQ.FTS.B

,

5

.112

%

,

3/11/26

....

7,888

7,653

a

8174278.SQ.FTS.B

,

5

.117

%

,

3/11/26

....

2,314

1,830

a

8173985.SQ.FTS.B

,

5

.408

%

,

3/11/26

....

8,426

8,290

a

8173601.SQ.FTS.B

,

5

.409

%

,

3/11/26

....

6,563

6,469

a

8173826.SQ.FTS.B

,

5

.675

%

,

3/11/26

....

793

779

a

8172993.SQ.FTS.B

,

6

.151

%

,

3/11/26

....

9,992

9,572

a

8173844.SQ.FTS.B

,

6

.153

%

,

3/11/26

....

3,697

3,618

a

8173171.SQ.FTS.B

,

6

.325

%

,

3/11/26

....

9,578

2,703

a

8174746.SQ.FTS.B

,

6

.328

%

,

3/11/26

....

20,312

13,722

a

8171731.SQ.FTS.B

,

6

.683

%

,

3/11/26

....

973

931

a

8177875.SQ.FTS.B

,

4

.773

%

,

3/12/26

....

1,774

1,690

a

8177438.SQ.FTS.B

,

4

.775

%

,

3/12/26

....

2,532

2,469

a

8177668.SQ.FTS.B

,

4

.78

%

,

3/12/26

.....

3,191

3,073

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8178775.SQ.FTS.B

,

4

.78

%

,

3/12/26

.....

$

16,911

$

14,804

a

8180647.SQ.FTS.B

,

4

.78

%

,

3/12/26

.....

4,552

4,443

a

8178519.SQ.FTS.B

,

5

.113

%

,

3/12/26

....

2,617

2,570

a

8176759.SQ.FTS.B

,

5

.114

%

,

3/12/26

....

7,827

7,730

a

8177961.SQ.FTS.B

,

5

.114

%

,

3/12/26

....

3,472

3,226

a

8177634.SQ.FTS.B

,

5

.624

%

,

3/12/26

....

215

208

a

8179285.SQ.FTS.B

,

5

.66

%

,

3/12/26

.....

45,241

43,620

a

8179202.SQ.FTS.B

,

6

.142

%

,

3/12/26

....

1,681

1,547

a

8177380.SQ.FTS.B

,

6

.148

%

,

3/12/26

....

1,227

1,202

a

8179049.SQ.FTS.B

,

6

.422

%

,

3/12/26

....

3,047

2,983

a

8178625.SQ.FTS.B

,

6

.655

%

,

3/12/26

....

666

593

a

8181928.SQ.FTS.B

,

4

.78

%

,

3/13/26

.....

9,842

9,646

a

8181504.SQ.FTS.B

,

4

.781

%

,

3/13/26

....

3,547

3,417

a

8180856.SQ.FTS.B

,

4

.784

%

,

3/13/26

....

4,426

4,196

a

8183617.SQ.FTS.B

,

4

.956

%

,

3/13/26

....

1,215

1,152

a

8181281.SQ.FTS.B

,

4

.969

%

,

3/13/26

....

853

785

a

8181331.SQ.FTS.B

,

5

.111

%

,

3/13/26

....

1,660

1,640

a

8181653.SQ.FTS.B

,

5

.635

%

,

3/13/26

....

929

602

a

8180973.SQ.FTS.B

,

5

.66

%

,

3/13/26

.....

600

586

a

8183735.SQ.FTS.B

,

5

.66

%

,

3/13/26

.....

9,926

9,632

a

8181680.SQ.FTS.B

,

5

.665

%

,

3/13/26

....

3,531

3,395

a

8184142.SQ.FTS.B

,

5

.669

%

,

3/13/26

....

2,057

1,970

a

8184218.SQ.FTS.B

,

5

.672

%

,

3/13/26

....

1,771

1,651

a

8183692.SQ.FTS.B

,

5

.681

%

,

3/13/26

....

225

223

a

8182398.SQ.FTS.B

,

5

.911

%

,

3/13/26

....

22,460

20,719

a

8182847.SQ.FTS.B

,

6

.326

%

,

3/13/26

....

5,619

5,343

a

8181805.SQ.FTS.B

,

6

.414

%

,

3/13/26

....

3,659

2,151

a

8182272.SQ.FTS.B

,

6

.421

%

,

3/13/26

....

852

844

a

8183460.SQ.FTS.B

,

6

.421

%

,

3/13/26

....

2,551

2,049

a

8182383.SQ.FTS.B

,

6

.549

%

,

3/13/26

....

503

462

a

8184953.SQ.FTS.B

,

4

.778

%

,

3/14/26

....

5,914

5,810

a

8184756.SQ.FTS.B

,

4

.78

%

,

3/14/26

.....

1,527

1,325

a

8184774.SQ.FTS.B

,

4

.781

%

,

3/14/26

....

6,276

6,128

a

8184612.SQ.FTS.B

,

5

.407

%

,

3/14/26

....

3,947

3,713

a

8184697.SQ.FTS.B

,

5

.637

%

,

3/14/26

....

2,932

117

a

8184588.SQ.FTS.B

,

5

.671

%

,

3/14/26

....

1,380

1,339

a

8184680.SQ.FTS.B

,

6

.534

%

,

3/14/26

....

321

314

a

8185468.SQ.FTS.B

,

4

.78

%

,

3/15/26

.....

4,186

4,120

a

8185947.SQ.FTS.B

,

4

.78

%

,

3/15/26

.....

3,902

3,811

a

8185183.SQ.FTS.B

,

4

.782

%

,

3/15/26

....

3,632

3,493

a

8185260.SQ.FTS.B

,

5

.108

%

,

3/15/26

....

2,599

2,546

a

8185689.SQ.FTS.B

,

5

.398

%

,

3/15/26

....

2,012

1,829

a

8185632.SQ.FTS.B

,

5

.409

%

,

3/15/26

....

3,563

3,408

a

8185168.SQ.FTS.B

,

5

.66

%

,

3/15/26

.....

423

414

a

8185718.SQ.FTS.B

,

5

.66

%

,

3/15/26

.....

3,218

3,193

a

8185373.SQ.FTS.B

,

5

.913

%

,

3/15/26

....

1,885

1,793

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

45

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8185584.SQ.FTS.B

,

5

.916

%

,

3/15/26

....

$

2,624

$

2,499

a

8185410.SQ.FTS.B

,

6

.141

%

,

3/15/26

....

747

731

a

8185335.SQ.FTS.B

,

6

.424

%

,

3/15/26

....

1,477

1,419

a

8189335.SQ.FTS.B

,

4

.776

%

,

3/16/26

....

4,260

4,137

a

8186239.SQ.FTS.B

,

4

.779

%

,

3/16/26

....

2,634

2,587

a

8187727.SQ.FTS.B

,

4

.779

%

,

3/16/26

....

17,883

17,164

a

8186738.SQ.FTS.B

,

4

.78

%

,

3/16/26

.....

2,445

2,415

a

8189229.SQ.FTS.B

,

4

.78

%

,

3/16/26

.....

4,538

4,354

a

8188783.SQ.FTS.B

,

4

.781

%

,

3/16/26

....

6,191

5,988

a

8187648.SQ.FTS.B

,

5

.109

%

,

3/16/26

....

1,606

1,582

a

8186330.SQ.FTS.B

,

5

.114

%

,

3/16/26

....

7,371

7,249

a

8186977.SQ.FTS.B

,

5

.121

%

,

3/16/26

....

515

407

a

8189859.SQ.FTS.B

,

5

.405

%

,

3/16/26

....

2,717

2,654

a

8186670.SQ.FTS.B

,

5

.409

%

,

3/16/26

....

1,226

1,202

a

8188243.SQ.FTS.B

,

5

.409

%

,

3/16/26

....

23,818

22,821

a

8189424.SQ.FTS.B

,

5

.412

%

,

3/16/26

....

746

728

a

8187560.SQ.FTS.B

,

5

.413

%

,

3/16/26

....

5,320

4,844

a

8189307.SQ.FTS.B

,

5

.418

%

,

3/16/26

....

1,263

1,221

a

8186587.SQ.FTS.B

,

5

.67

%

,

3/16/26

.....

1,528

1,493

a

8187063.SQ.FTS.B

,

6

.151

%

,

3/16/26

....

20,609

19,930

a

8189454.SQ.FTS.B

,

6

.151

%

,

3/16/26

....

10,125

9,973

a

8188774.SQ.FTS.B

,

6

.415

%

,

3/16/26

....

730

587

a

8189073.SQ.FTS.B

,

6

.42

%

,

3/16/26

.....

6,543

6,434

a

8189740.SQ.FTS.B

,

6

.423

%

,

3/16/26

....

8,950

617

a

8188117.SQ.FTS.B

,

6

.425

%

,

3/16/26

....

92

91

a

8187007.SQ.FTS.B

,

6

.667

%

,

3/16/26

....

1,358

1,117

a

8190088.SQ.FTS.B

,

4

.778

%

,

3/17/26

....

5,180

5,013

a

8191044.SQ.FTS.B

,

4

.78

%

,

3/17/26

.....

5,762

5,632

a

8192019.SQ.FTS.B

,

4

.78

%

,

3/17/26

.....

11,431

11,209

a

8192345.SQ.FTS.B

,

4

.78

%

,

3/17/26

.....

2,575

2,516

a

8192981.SQ.FTS.B

,

5

.113

%

,

3/17/26

....

5,610

5,432

a

8193080.SQ.FTS.B

,

5

.113

%

,

3/17/26

....

6,515

6,195

a

8190897.SQ.FTS.B

,

5

.118

%

,

3/17/26

....

3,172

3,017

a

8192405.SQ.FTS.B

,

5

.409

%

,

3/17/26

....

11,751

11,558

a

8191955.SQ.FTS.B

,

5

.633

%

,

3/17/26

....

1,216

1,144

a

8190316.SQ.FTS.B

,

6

.15

%

,

3/17/26

.....

11,458

10,503

a

8192826.SQ.FTS.B

,

6

.325

%

,

3/17/26

....

2,980

2,902

a

8191224.SQ.FTS.B

,

6

.409

%

,

3/17/26

....

508

503

a

8191242.SQ.FTS.B

,

6

.422

%

,

3/17/26

....

31,212

29,061

a

8192679.SQ.FTS.B

,

6

.547

%

,

3/17/26

....

15,476

11,539

a

8192901.SQ.FTS.B

,

6

.671

%

,

3/17/26

....

6,004

5,412

a

8194783.SQ.FTS.B

,

4

.779

%

,

3/18/26

....

5,036

4,303

a

8193933.SQ.FTS.B

,

4

.78

%

,

3/18/26

.....

17,218

16,900

a

8194890.SQ.FTS.B

,

4

.78

%

,

3/18/26

.....

4,581

4,531

a

8195317.SQ.FTS.B

,

4

.78

%

,

3/18/26

.....

40,296

35,252

a

8195249.SQ.FTS.B

,

4

.782

%

,

3/18/26

....

2,857

2,802

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8195154.SQ.FTS.B

,

4

.783

%

,

3/18/26

....

$

2,895

$

2,751

a

8196169.SQ.FTS.B

,

5

.66

%

,

3/18/26

.....

21,411

20,760

a

8196650.SQ.FTS.B

,

6

.151

%

,

3/18/26

....

7,788

7,744

a

8195112.SQ.FTS.B

,

6

.322

%

,

3/18/26

....

574

548

a

8199477.SQ.FTS.B

,

4

.769

%

,

3/19/26

....

800

761

a

8200175.SQ.FTS.B

,

4

.779

%

,

3/19/26

....

26,029

25,148

a

8200147.SQ.FTS.B

,

4

.78

%

,

3/19/26

.....

1,770

1,731

a

8201092.SQ.FTS.B

,

4

.78

%

,

3/19/26

.....

4,821

4,575

a

8201263.SQ.FTS.B

,

5

.114

%

,

3/19/26

....

15,411

15,126

a

8200974.SQ.FTS.B

,

5

.409

%

,

3/19/26

....

4,095

3,976

a

8201922.SQ.FTS.B

,

5

.409

%

,

3/19/26

....

23,238

22,970

a

8202705.SQ.FTS.B

,

5

.681

%

,

3/19/26

....

392

384

a

8198891.SQ.FTS.B

,

5

.912

%

,

3/19/26

....

9,594

9,402

a

8201198.SQ.FTS.B

,

6

.332

%

,

3/19/26

....

1,372

1,321

a

8199489.SQ.FTS.B

,

6

.421

%

,

3/19/26

....

26,408

21,337

a

8206092.SQ.FTS.B

,

4

.779

%

,

3/20/26

....

7,830

7,612

a

8204727.SQ.FTS.B

,

4

.78

%

,

3/20/26

.....

12,083

11,798

a

8205684.SQ.FTS.B

,

4

.78

%

,

3/20/26

.....

15,933

15,487

a

8205158.SQ.FTS.B

,

4

.781

%

,

3/20/26

....

10,571

10,406

a

8203654.SQ.FTS.B

,

4

.782

%

,

3/20/26

....

5,564

5,444

a

8203394.SQ.FTS.B

,

4

.783

%

,

3/20/26

....

1,745

1,524

a

8204027.SQ.FTS.B

,

5

.115

%

,

3/20/26

....

1,474

1,444

a

8204172.SQ.FTS.B

,

5

.408

%

,

3/20/26

....

16,487

16,016

a

8205099.SQ.FTS.B

,

5

.411

%

,

3/20/26

....

1,298

1,279

a

8203626.SQ.FTS.B

,

5

.66

%

,

3/20/26

.....

928

443

a

8203111.SQ.FTS.B

,

6

.153

%

,

3/20/26

....

4,905

4,771

a

8203587.SQ.FTS.B

,

6

.334

%

,

3/20/26

....

1,189

798

a

8206079.SQ.FTS.B

,

6

.436

%

,

3/20/26

....

1,025

918

a

8203860.SQ.FTS.B

,

6

.548

%

,

3/20/26

....

5,685

5,218

a

8204065.SQ.FTS.B

,

6

.673

%

,

3/20/26

....

2,828

2,740

a

8206180.SQ.FTS.B

,

4

.773

%

,

3/21/26

....

3,110

2,980

a

8206216.SQ.FTS.B

,

4

.78

%

,

3/21/26

.....

1,014

965

a

8206262.SQ.FTS.B

,

5

.115

%

,

3/21/26

....

6,929

6,834

a

8207041.SQ.FTS.B

,

5

.409

%

,

3/21/26

....

2,422

2,353

a

8206572.SQ.FTS.B

,

5

.913

%

,

3/21/26

....

5,846

5,746

a

8207036.SQ.FTS.B

,

6

.304

%

,

3/21/26

....

806

395

a

8206849.SQ.FTS.B

,

6

.315

%

,

3/21/26

....

2,285

1,112

a

8206224.SQ.FTS.B

,

6

.418

%

,

3/21/26

....

891

857

a

8206444.SQ.FTS.B

,

6

.423

%

,

3/21/26

....

13,342

8,434

a

8206918.SQ.FTS.B

,

6

.423

%

,

3/21/26

....

8,249

5,136

a

8207711.SQ.FTS.B

,

4

.775

%

,

3/22/26

....

2,296

2,237

a

8207755.SQ.FTS.B

,

4

.778

%

,

3/22/26

....

4,761

4,625

a

8207847.SQ.FTS.B

,

4

.779

%

,

3/22/26

....

10,711

10,412

a

8207205.SQ.FTS.B

,

4

.78

%

,

3/22/26

.....

3,354

3,274

a

8207447.SQ.FTS.B

,

4

.782

%

,

3/22/26

....

3,174

3,045

a

8207515.SQ.FTS.B

,

5

.409

%

,

3/22/26

....

7,596

7,466

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

46

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8207123.SQ.FTS.B

,

5

.66

%

,

3/22/26

.....

$

499

$

440

a

8207104.SQ.FTS.B

,

6

.359

%

,

3/22/26

....

886

70

a

8211024.SQ.FTS.B

,

4

.78

%

,

3/23/26

.....

28,895

28,278

a

8210620.SQ.FTS.B

,

4

.782

%

,

3/23/26

....

6,933

6,301

a

8208627.SQ.FTS.B

,

5

.637

%

,

3/23/26

....

3,469

2,644

a

8209604.SQ.FTS.B

,

6

.151

%

,

3/23/26

....

25,795

25,263

a

8210568.SQ.FTS.B

,

6

.416

%

,

3/23/26

....

1,478

1,406

a

8209310.SQ.FTS.B

,

6

.428

%

,

3/23/26

....

1,843

1,806

a

8208285.SQ.FTS.B

,

6

.434

%

,

3/23/26

....

165

164

a

8209378.SQ.FTS.B

,

6

.551

%

,

3/23/26

....

5,244

3,968

a

8208293.SQ.FTS.B

,

6

.67

%

,

3/23/26

.....

253

248

a

8208304.SQ.FTS.B

,

6

.68

%

,

3/23/26

.....

3,006

270

a

8213039.SQ.FTS.B

,

4

.78

%

,

3/24/26

.....

12,346

12,113

a

8212256.SQ.FTS.B

,

4

.803

%

,

3/24/26

....

618

602

a

8213771.SQ.FTS.B

,

5

.403

%

,

3/24/26

....

2,292

2,230

a

8213981.SQ.FTS.B

,

5

.409

%

,

3/24/26

....

7,138

6,839

a

8214128.SQ.FTS.B

,

5

.621

%

,

3/24/26

....

1,340

473

a

8212978.SQ.FTS.B

,

5

.635

%

,

3/24/26

....

4,722

2,249

a

8213812.SQ.FTS.B

,

5

.66

%

,

3/24/26

.....

9,050

8,114

a

8211748.SQ.FTS.B

,

5

.664

%

,

3/24/26

....

7,488

5,528

a

8213488.SQ.FTS.B

,

5

.679

%

,

3/24/26

....

404

400

a

8213678.SQ.FTS.B

,

6

.149

%

,

3/24/26

....

1,551

1,510

a

8212335.SQ.FTS.B

,

6

.15

%

,

3/24/26

.....

7,062

6,958

a

8213456.SQ.FTS.B

,

6

.169

%

,

3/24/26

....

518

507

a

8213640.SQ.FTS.B

,

6

.317

%

,

3/24/26

....

1,349

1,001

a

8214167.SQ.FTS.B

,

6

.421

%

,

3/24/26

....

41,830

40,716

a

8213530.SQ.FTS.B

,

6

.422

%

,

3/24/26

....

5,213

662

a

8213434.SQ.FTS.B

,

6

.552

%

,

3/24/26

....

784

758

a

8216841.SQ.FTS.B

,

4

.775

%

,

3/25/26

....

2,246

2,194

a

8217082.SQ.FTS.B

,

4

.78

%

,

3/25/26

.....

4,814

4,719

a

8216450.SQ.FTS.B

,

4

.787

%

,

3/25/26

....

1,147

1,131

a

8216246.SQ.FTS.B

,

4

.942

%

,

3/25/26

....

1,354

36

a

8216890.SQ.FTS.B

,

5

.112

%

,

3/25/26

....

5,734

5,620

a

8218194.SQ.FTS.B

,

5

.113

%

,

3/25/26

....

31,006

30,175

a

8217855.SQ.FTS.B

,

5

.114

%

,

3/25/26

....

24,181

23,054

a

8215088.SQ.FTS.B

,

5

.669

%

,

3/25/26

....

2,944

2,639

a

8217376.SQ.FTS.B

,

5

.913

%

,

3/25/26

....

7,169

7,020

a

8216283.SQ.FTS.B

,

6

.145

%

,

3/25/26

....

1,814

1,767

a

8215077.SQ.FTS.B

,

6

.679

%

,

3/25/26

....

1,070

942

a

8222865.SQ.FTS.B

,

4

.778

%

,

3/26/26

....

6,673

6,444

a

8220967.SQ.FTS.B

,

4

.781

%

,

3/26/26

....

21,287

20,676

a

8222706.SQ.FTS.B

,

4

.781

%

,

3/26/26

....

3,738

3,665

a

8221982.SQ.FTS.B

,

4

.782

%

,

3/26/26

....

6,546

6,407

a

8222550.SQ.FTS.B

,

4

.783

%

,

3/26/26

....

6,662

5,806

a

8220846.SQ.FTS.B

,

5

.113

%

,

3/26/26

....

1,180

1,163

a

8220911.SQ.FTS.B

,

5

.632

%

,

3/26/26

....

40

40

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8222505.SQ.FTS.B

,

6

.138

%

,

3/26/26

....

$

457

$

447

a

8220615.SQ.FTS.B

,

6

.156

%

,

3/26/26

....

1,203

1,171

a

8224271.SQ.FTS.B

,

4

.78

%

,

3/27/26

.....

4,904

4,742

a

8227363.SQ.FTS.B

,

4

.781

%

,

3/27/26

....

4,554

4,444

a

8227508.SQ.FTS.B

,

4

.969

%

,

3/27/26

....

956

819

a

8227094.SQ.FTS.B

,

5

.111

%

,

3/27/26

....

3,550

3,507

a

8224458.SQ.FTS.B

,

5

.113

%

,

3/27/26

....

10,266

10,055

a

8226147.SQ.FTS.B

,

5

.113

%

,

3/27/26

....

6,882

6,633

a

8227823.SQ.FTS.B

,

5

.115

%

,

3/27/26

....

1,831

1,812

a

8227685.SQ.FTS.B

,

5

.116

%

,

3/27/26

....

3,041

2,991

a

8227530.SQ.FTS.B

,

5

.406

%

,

3/27/26

....

2,263

2,228

a

8225831.SQ.FTS.B

,

5

.408

%

,

3/27/26

....

3,444

3,359

a

8226263.SQ.FTS.B

,

5

.409

%

,

3/27/26

....

34,655

33,230

a

8227980.SQ.FTS.B

,

5

.667

%

,

3/27/26

....

2,206

2,157

a

8225930.SQ.FTS.B

,

5

.91

%

,

3/27/26

.....

384

381

a

8227153.SQ.FTS.B

,

5

.912

%

,

3/27/26

....

7,987

7,821

a

8226729.SQ.FTS.B

,

6

.151

%

,

3/27/26

....

12,378

12,176

a

8228023.SQ.FTS.B

,

6

.153

%

,

3/27/26

....

14,698

10,275

a

8224219.SQ.FTS.B

,

6

.403

%

,

3/27/26

....

903

820

a

8227445.SQ.FTS.B

,

6

.545

%

,

3/27/26

....

1,588

1,557

a

8230190.SQ.FTS.B

,

4

.775

%

,

3/28/26

....

1,612

1,587

a

8228053.SQ.FTS.B

,

5

.113

%

,

3/28/26

....

23,240

9,577

a

8228923.SQ.FTS.B

,

5

.113

%

,

3/28/26

....

17,507

17,141

a

8228878.SQ.FTS.B

,

5

.633

%

,

3/28/26

....

585

521

a

8228396.SQ.FTS.B

,

5

.66

%

,

3/28/26

.....

2,858

2,756

a

8228891.SQ.FTS.B

,

5

.68

%

,

3/28/26

.....

565

557

a

8228222.SQ.FTS.B

,

5

.909

%

,

3/28/26

....

2,852

1,789

a

8228435.SQ.FTS.B

,

6

.15

%

,

3/28/26

.....

7,932

7,823

a

8228243.SQ.FTS.B

,

6

.152

%

,

3/28/26

....

10,022

8,671

a

8228906.SQ.FTS.B

,

6

.431

%

,

3/28/26

....

733

683

a

8228385.SQ.FTS.B

,

6

.432

%

,

3/28/26

....

1,162

960

a

8229382.SQ.FTS.B

,

4

.776

%

,

3/29/26

....

2,939

2,885

a

8229522.SQ.FTS.B

,

4

.779

%

,

3/29/26

....

12,843

12,453

a

8229430.SQ.FTS.B

,

5

.41

%

,

3/29/26

.....

4,842

4,650

a

8229871.SQ.FTS.B

,

5

.911

%

,

3/29/26

....

6,081

5,399

a

8229745.SQ.FTS.B

,

6

.15

%

,

3/29/26

.....

4,571

4,420

a

8229319.SQ.FTS.B

,

6

.423

%

,

3/29/26

....

4,481

4,189

a

8229971.SQ.FTS.B

,

6

.541

%

,

3/29/26

....

387

382

a

8234100.SQ.FTS.B

,

4

.778

%

,

3/30/26

....

6,311

6,180

a

8231392.SQ.FTS.B

,

4

.781

%

,

3/30/26

....

6,775

6,689

a

8232479.SQ.FTS.B

,

4

.783

%

,

3/30/26

....

4,638

4,456

a

8231045.SQ.FTS.B

,

4

.784

%

,

3/30/26

....

1,237

1,186

a

8232780.SQ.FTS.B

,

5

.113

%

,

3/30/26

....

38,300

37,067

a

8230531.SQ.FTS.B

,

5

.119

%

,

3/30/26

....

2,186

2,081

a

8230464.SQ.FTS.B

,

5

.409

%

,

3/30/26

....

1,038

1,010

a

8232123.SQ.FTS.B

,

5

.409

%

,

3/30/26

....

3,616

3,562

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

47

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8231177.SQ.FTS.B

,

5

.664

%

,

3/30/26

....

$

2,890

$

2,850

a

8230274.SQ.FTS.B

,

5

.912

%

,

3/30/26

....

1,080

1,056

a

8230758.SQ.FTS.B

,

6

.149

%

,

3/30/26

....

2,303

1,607

a

8234026.SQ.FTS.B

,

6

.15

%

,

3/30/26

.....

4,863

4,654

a

8231098.SQ.FTS.B

,

6

.543

%

,

3/30/26

....

1,250

1,225

a

8230635.SQ.FTS.B

,

6

.545

%

,

3/30/26

....

461

456

a

8230433.SQ.FTS.B

,

6

.667

%

,

3/30/26

....

1,592

1,357

a

8237171.SQ.FTS.B

,

4

.779

%

,

4/01/26

....

8,353

8,172

a

8238462.SQ.FTS.B

,

4

.779

%

,

4/01/26

....

5,447

5,332

a

8236501.SQ.FTS.B

,

4

.78

%

,

4/01/26

.....

5,982

5,829

a

8234388.SQ.FTS.B

,

4

.782

%

,

4/01/26

....

5,445

5,313

a

8235650.SQ.FTS.B

,

4

.786

%

,

4/01/26

....

1,688

1,628

a

8238048.SQ.FTS.B

,

5

.113

%

,

4/01/26

....

8,505

6,904

a

8234721.SQ.FTS.B

,

5

.122

%

,

4/01/26

....

1,792

1,734

a

8235764.SQ.FTS.B

,

5

.411

%

,

4/01/26

....

773

761

a

8237112.SQ.FTS.B

,

5

.627

%

,

4/01/26

....

767

318

a

8235789.SQ.FTS.B

,

5

.66

%

,

4/01/26

.....

2,466

2,304

a

8237122.SQ.FTS.B

,

5

.66

%

,

4/01/26

.....

628

622

a

8237396.SQ.FTS.B

,

5

.66

%

,

4/01/26

.....

12,097

11,881

a

8236723.SQ.FTS.B

,

5

.913

%

,

4/01/26

....

29,803

26,283

a

8237862.SQ.FTS.B

,

6

.149

%

,

4/01/26

....

3,808

2,479

a

8235952.SQ.FTS.B

,

6

.152

%

,

4/01/26

....

563

548

a

8234739.SQ.FTS.B

,

6

.153

%

,

4/01/26

....

1,061

1,054

a

8237347.SQ.FTS.B

,

6

.41

%

,

4/01/26

.....

991

970

a

8238556.SQ.FTS.B

,

6

.417

%

,

4/01/26

....

2,850

2,776

a

8236625.SQ.FTS.B

,

6

.424

%

,

4/01/26

....

3,956

873

a

8236471.SQ.FTS.B

,

6

.667

%

,

4/01/26

....

1,680

1,260

a

8236423.SQ.FTS.B

,

6

.672

%

,

4/01/26

....

3,432

426

a

8235883.SQ.FTS.B

,

6

.678

%

,

4/01/26

....

2,393

2,033

a

8239466.SQ.FTS.B

,

4

.772

%

,

4/02/26

....

2,639

2,290

a

8240106.SQ.FTS.B

,

4

.779

%

,

4/02/26

....

7,760

7,438

a

8241254.SQ.FTS.B

,

4

.779

%

,

4/02/26

....

7,338

6,960

a

8238722.SQ.FTS.B

,

4

.78

%

,

4/02/26

.....

23,952

23,239

a

8242111.SQ.FTS.B

,

4

.78

%

,

4/02/26

.....

11,102

10,713

a

8242332.SQ.FTS.B

,

4

.78

%

,

4/02/26

.....

4,576

4,439

a

8240661.SQ.FTS.B

,

4

.781

%

,

4/02/26

....

12,188

11,828

a

8240219.SQ.FTS.B

,

4

.783

%

,

4/02/26

....

1,858

1,822

a

8240246.SQ.FTS.B

,

4

.793

%

,

4/02/26

....

1,148

1,105

a

8241404.SQ.FTS.B

,

5

.112

%

,

4/02/26

....

8,653

8,534

a

8240825.SQ.FTS.B

,

5

.113

%

,

4/02/26

....

30,715

29,572

a

8239630.SQ.FTS.B

,

5

.114

%

,

4/02/26

....

15,898

15,467

a

8241643.SQ.FTS.B

,

5

.119

%

,

4/02/26

....

2,795

2,736

a

8240431.SQ.FTS.B

,

5

.408

%

,

4/02/26

....

14,112

13,789

a

8241770.SQ.FTS.B

,

5

.409

%

,

4/02/26

....

11,381

11,205

a

8242388.SQ.FTS.B

,

5

.409

%

,

4/02/26

....

1,780

1,715

a

8242280.SQ.FTS.B

,

5

.414

%

,

4/02/26

....

4,263

3,262

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8240279.SQ.FTS.B

,

5

.674

%

,

4/02/26

....

$

1,426

$

1,364

a

8241625.SQ.FTS.B

,

6

.129

%

,

4/02/26

....

941

870

a

8242021.SQ.FTS.B

,

6

.155

%

,

4/02/26

....

2,187

2,068

a

8239279.SQ.FTS.B

,

6

.416

%

,

4/02/26

....

1,586

1,442

a

8241177.SQ.FTS.B

,

6

.524

%

,

4/02/26

....

259

254

a

8241732.SQ.FTS.B

,

6

.543

%

,

4/02/26

....

1,505

1,484

a

8241185.SQ.FTS.B

,

6

.545

%

,

4/02/26

....

2,447

2,345

a

8242305.SQ.FTS.B

,

6

.547

%

,

4/02/26

....

2,227

2,093

a

8240252.SQ.FTS.B

,

6

.55

%

,

4/02/26

.....

5,473

379

a

8245627.SQ.FTS.B

,

4

.776

%

,

4/03/26

....

4,494

4,340

a

8246623.SQ.FTS.B

,

4

.78

%

,

4/03/26

.....

25,044

21,864

a

8248433.SQ.FTS.B

,

4

.781

%

,

4/03/26

....

8,211

7,909

a

8248415.SQ.FTS.B

,

4

.787

%

,

4/03/26

....

1,766

1,725

a

8245816.SQ.FTS.B

,

4

.941

%

,

4/03/26

....

1,309

792

a

8247785.SQ.FTS.B

,

5

.409

%

,

4/03/26

....

50,933

16,623

a

8244939.SQ.FTS.B

,

5

.66

%

,

4/03/26

.....

10,896

10,497

a

8248121.SQ.FTS.B

,

6

.422

%

,

4/03/26

....

40,053

32,938

a

8250595.SQ.FTS.B

,

4

.776

%

,

4/04/26

....

4,516

4,354

a

8250683.SQ.FTS.B

,

4

.78

%

,

4/04/26

.....

28,615

27,879

a

8251921.SQ.FTS.B

,

5

.113

%

,

4/04/26

....

18,557

17,869

a

8252443.SQ.FTS.B

,

5

.405

%

,

4/04/26

....

1,701

1,638

a

8249053.SQ.FTS.B

,

5

.409

%

,

4/04/26

....

31,624

11,735

a

8249817.SQ.FTS.B

,

5

.409

%

,

4/04/26

....

13,002

11,931

a

8251465.SQ.FTS.B

,

5

.409

%

,

4/04/26

....

3,111

2,989

a

8249720.SQ.FTS.B

,

5

.414

%

,

4/04/26

....

2,405

2,321

a

8251246.SQ.FTS.B

,

5

.618

%

,

4/04/26

....

593

402

a

8250442.SQ.FTS.B

,

5

.636

%

,

4/04/26

....

5,653

5,446

a

8252076.SQ.FTS.B

,

5

.66

%

,

4/04/26

.....

16,026

15,740

a

8251890.SQ.FTS.B

,

5

.91

%

,

4/04/26

.....

514

509

a

8252491.SQ.FTS.B

,

5

.911

%

,

4/04/26

....

45,067

32,712

a

8248924.SQ.FTS.B

,

6

.145

%

,

4/04/26

....

3,326

2,256

a

8251529.SQ.FTS.B

,

6

.152

%

,

4/04/26

....

19,548

18,111

a

8250257.SQ.FTS.B

,

6

.317

%

,

4/04/26

....

112

110

a

8251430.SQ.FTS.B

,

6

.667

%

,

4/04/26

....

1,787

1,624

a

8250125.SQ.FTS.B

,

6

.678

%

,

4/04/26

....

2,735

2,083

a

8252562.SQ.FTS.B

,

5

.111

%

,

4/05/26

....

5,885

5,719

a

8253423.SQ.FTS.B

,

5

.115

%

,

4/05/26

....

7,254

7,070

a

8253263.SQ.FTS.B

,

5

.407

%

,

4/05/26

....

3,928

3,844

a

8253008.SQ.FTS.B

,

6

.151

%

,

4/05/26

....

10,013

9,808

a

8252743.SQ.FTS.B

,

6

.422

%

,

4/05/26

....

12,060

11,817

a

8252661.SQ.FTS.B

,

6

.551

%

,

4/05/26

....

3,070

2,928

a

8253201.SQ.FTS.B

,

6

.671

%

,

4/05/26

....

3,272

2,974

a

8253678.SQ.FTS.B

,

4

.776

%

,

4/06/26

....

3,959

3,853

a

8253781.SQ.FTS.B

,

4

.779

%

,

4/06/26

....

12,676

12,387

a

8253745.SQ.FTS.B

,

4

.78

%

,

4/06/26

.....

1,577

1,550

a

8254231.SQ.FTS.B

,

4

.781

%

,

4/06/26

....

9,049

8,677

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

48

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8254361.SQ.FTS.B

,

4

.952

%

,

4/06/26

....

$

2,505

$

2,177

a

8254417.SQ.FTS.B

,

5

.114

%

,

4/06/26

....

11,518

11,263

a

8254173.SQ.FTS.B

,

5

.91

%

,

4/06/26

.....

3,421

3,300

a

8253973.SQ.FTS.B

,

5

.911

%

,

4/06/26

....

10,026

9,822

a

8253558.SQ.FTS.B

,

6

.671

%

,

4/06/26

....

6,964

6,564

a

8255333.SQ.FTS.B

,

4

.773

%

,

4/07/26

....

2,358

2,292

a

8255594.SQ.FTS.B

,

4

.78

%

,

4/07/26

.....

7,537

7,271

a

8256375.SQ.FTS.B

,

4

.78

%

,

4/07/26

.....

477

474

a

8257462.SQ.FTS.B

,

4

.78

%

,

4/07/26

.....

2,260

2,205

a

8257567.SQ.FTS.B

,

4

.782

%

,

4/07/26

....

2,506

2,196

a

8258230.SQ.FTS.B

,

4

.783

%

,

4/07/26

....

5,099

4,962

a

8257493.SQ.FTS.B

,

4

.955

%

,

4/07/26

....

7,987

919

a

8257688.SQ.FTS.B

,

4

.955

%

,

4/07/26

....

12,315

11,126

a

8257447.SQ.FTS.B

,

4

.96

%

,

4/07/26

.....

1,981

1,360

a

8256474.SQ.FTS.B

,

5

.113

%

,

4/07/26

....

17,813

17,225

a

8258468.SQ.FTS.B

,

5

.4

%

,

4/07/26

......

1,517

1,455

a

8255972.SQ.FTS.B

,

5

.409

%

,

4/07/26

....

12,478

12,266

a

8257364.SQ.FTS.B

,

5

.409

%

,

4/07/26

....

4,089

4,027

a

8256829.SQ.FTS.B

,

5

.66

%

,

4/07/26

.....

1,901

1,820

a

8257317.SQ.FTS.B

,

5

.66

%

,

4/07/26

.....

1,321

1,308

a

8258492.SQ.FTS.B

,

5

.912

%

,

4/07/26

....

5,307

3,822

a

8255816.SQ.FTS.B

,

5

.913

%

,

4/07/26

....

4,068

3,995

a

8255434.SQ.FTS.B

,

6

.147

%

,

4/07/26

....

4,045

3,532

a

8255179.SQ.FTS.B

,

6

.324

%

,

4/07/26

....

3,680

3,389

a

8257962.SQ.FTS.B

,

6

.326

%

,

4/07/26

....

23,359

19,391

a

8255944.SQ.FTS.B

,

6

.339

%

,

4/07/26

....

1,444

751

a

8255076.SQ.FTS.B

,

6

.409

%

,

4/07/26

....

376

368

a

8255903.SQ.FTS.B

,

6

.418

%

,

4/07/26

....

2,145

2,040

a

8258319.SQ.FTS.B

,

6

.548

%

,

4/07/26

....

7,752

4,436

a

8259624.SQ.FTS.B

,

4

.777

%

,

4/08/26

....

7,061

6,758

a

8260139.SQ.FTS.B

,

4

.777

%

,

4/08/26

....

5,490

5,340

a

8260298.SQ.FTS.B

,

4

.779

%

,

4/08/26

....

8,134

7,918

a

8260785.SQ.FTS.B

,

4

.779

%

,

4/08/26

....

6,481

6,210

a

8261371.SQ.FTS.B

,

4

.779

%

,

4/08/26

....

18,924

18,151

a

8259886.SQ.FTS.B

,

4

.78

%

,

4/08/26

.....

12,754

12,359

a

8260411.SQ.FTS.B

,

4

.78

%

,

4/08/26

.....

2,894

2,820

a

8260461.SQ.FTS.B

,

4

.78

%

,

4/08/26

.....

22,044

21,365

a

8261894.SQ.FTS.B

,

4

.78

%

,

4/08/26

.....

1,492

1,452

a

8261920.SQ.FTS.B

,

4

.78

%

,

4/08/26

.....

9,338

9,097

a

8262051.SQ.FTS.B

,

4

.78

%

,

4/08/26

.....

1,102

1,068

a

8258644.SQ.FTS.B

,

4

.781

%

,

4/08/26

....

11,588

11,314

a

8260932.SQ.FTS.B

,

4

.781

%

,

4/08/26

....

5,421

5,276

a

8260737.SQ.FTS.B

,

4

.782

%

,

4/08/26

....

3,304

3,240

a

8260405.SQ.FTS.B

,

4

.794

%

,

4/08/26

....

1,040

1,019

a

8259484.SQ.FTS.B

,

4

.822

%

,

4/08/26

....

435

412

a

8259775.SQ.FTS.B

,

5

.115

%

,

4/08/26

....

2,229

2,073

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8260233.SQ.FTS.B

,

5

.118

%

,

4/08/26

....

$

2,654

$

2,602

a

8259107.SQ.FTS.B

,

5

.407

%

,

4/08/26

....

2,677

2,653

a

8259832.SQ.FTS.B

,

5

.407

%

,

4/08/26

....

2,116

2,067

a

8259353.SQ.FTS.B

,

5

.66

%

,

4/08/26

.....

6,123

1,457

a

8260447.SQ.FTS.B

,

5

.66

%

,

4/08/26

.....

1,380

25

a

8262062.SQ.FTS.B

,

5

.66

%

,

4/08/26

.....

24,306

23,917

a

8261047.SQ.FTS.B

,

5

.912

%

,

4/08/26

....

4,752

4,612

a

8258583.SQ.FTS.B

,

5

.918

%

,

4/08/26

....

1,648

1,608

a

8258564.SQ.FTS.B

,

6

.142

%

,

4/08/26

....

483

473

a

8260871.SQ.FTS.B

,

6

.331

%

,

4/08/26

....

353

349

a

8261744.SQ.FTS.B

,

6

.421

%

,

4/08/26

....

3,205

3,134

a

8263195.SQ.FTS.B

,

4

.78

%

,

4/09/26

.....

7,609

7,457

a

8263637.SQ.FTS.B

,

4

.78

%

,

4/09/26

.....

517

506

a

8263756.SQ.FTS.B

,

4

.784

%

,

4/09/26

....

1,026

1,013

a

8263428.SQ.FTS.B

,

4

.958

%

,

4/09/26

....

2,073

807

a

8263643.SQ.FTS.B

,

5

.407

%

,

4/09/26

....

4,701

4,601

a

8263106.SQ.FTS.B

,

5

.415

%

,

4/09/26

....

1,057

995

a

8263479.SQ.FTS.B

,

5

.632

%

,

4/09/26

....

4,371

3,046

a

8264256.SQ.FTS.B

,

5

.66

%

,

4/09/26

.....

2,186

2,172

a

8262125.SQ.FTS.B

,

5

.664

%

,

4/09/26

....

3,107

3,062

a

8264190.SQ.FTS.B

,

5

.667

%

,

4/09/26

....

1,263

1,250

a

8262455.SQ.FTS.B

,

5

.677

%

,

4/09/26

....

915

891

a

8264502.SQ.FTS.B

,

5

.909

%

,

4/09/26

....

3,086

2,894

a

8262472.SQ.FTS.B

,

5

.912

%

,

4/09/26

....

22,507

14,704

a

8265251.SQ.FTS.B

,

6

.151

%

,

4/09/26

....

10,506

10,145

a

8265396.SQ.FTS.B

,

6

.151

%

,

4/09/26

....

7,767

7,651

a

8265088.SQ.FTS.B

,

6

.153

%

,

4/09/26

....

4,764

4,663

a

8263139.SQ.FTS.B

,

6

.337

%

,

4/09/26

....

2,161

428

a

8264087.SQ.FTS.B

,

6

.428

%

,

4/09/26

....

1,773

1,741

a

8263454.SQ.FTS.B

,

6

.575

%

,

4/09/26

....

1,025

207

a

8269964.SQ.FTS.B

,

4

.777

%

,

4/10/26

....

3,069

3,030

a

8269750.SQ.FTS.B

,

4

.779

%

,

4/10/26

....

8,730

8,357

a

8271359.SQ.FTS.B

,

4

.779

%

,

4/10/26

....

24,559

23,334

a

8270720.SQ.FTS.B

,

4

.78

%

,

4/10/26

.....

1,234

1,200

a

8271142.SQ.FTS.B

,

4

.78

%

,

4/10/26

.....

4,534

4,487

a

8272637.SQ.FTS.B

,

4

.953

%

,

4/10/26

....

2,099

817

a

8271050.SQ.FTS.B

,

4

.957

%

,

4/10/26

....

988

892

a

8270716.SQ.FTS.B

,

4

.993

%

,

4/10/26

....

293

265

a

8270172.SQ.FTS.B

,

5

.11

%

,

4/10/26

.....

4,767

4,612

a

8270836.SQ.FTS.B

,

5

.111

%

,

4/10/26

....

6,453

6,248

a

8271768.SQ.FTS.B

,

5

.113

%

,

4/10/26

....

28,754

28,229

a

8270149.SQ.FTS.B

,

5

.418

%

,

4/10/26

....

815

803

a

8271075.SQ.FTS.B

,

6

.145

%

,

4/10/26

....

1,677

1,552

a

8272667.SQ.FTS.B

,

6

.151

%

,

4/10/26

....

14,859

14,362

a

8272965.SQ.FTS.B

,

6

.151

%

,

4/10/26

....

50,850

32,886

a

8269644.SQ.FTS.B

,

6

.542

%

,

4/10/26

....

2,295

1,799

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

49

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8270794.SQ.FTS.B

,

6

.679

%

,

4/10/26

....

$

615

$

599

a

8276397.SQ.FTS.B

,

4

.779

%

,

4/11/26

....

6,181

6,055

a

8274487.SQ.FTS.B

,

4

.78

%

,

4/11/26

.....

730

716

a

8275109.SQ.FTS.B

,

4

.78

%

,

4/11/26

.....

3,310

3,235

a

8275291.SQ.FTS.B

,

4

.78

%

,

4/11/26

.....

4,918

4,741

a

8276835.SQ.FTS.B

,

4

.78

%

,

4/11/26

.....

2,520

2,445

a

8276864.SQ.FTS.B

,

5

.113

%

,

4/11/26

....

75,473

36,979

a

8274997.SQ.FTS.B

,

5

.408

%

,

4/11/26

....

3,156

2,979

a

8275734.SQ.FTS.B

,

5

.409

%

,

4/11/26

....

33,174

30,487

a

8276296.SQ.FTS.B

,

5

.411

%

,

4/11/26

....

9,818

8,949

a

8274578.SQ.FTS.B

,

5

.66

%

,

4/11/26

.....

7,016

6,695

a

8273886.SQ.FTS.B

,

5

.912

%

,

4/11/26

....

2,854

2,755

a

8276707.SQ.FTS.B

,

5

.912

%

,

4/11/26

....

6,101

5,968

a

8276826.SQ.FTS.B

,

6

.143

%

,

4/11/26

....

1,038

1,022

a

8275066.SQ.FTS.B

,

6

.15

%

,

4/11/26

.....

1,568

1,478

a

8276131.SQ.FTS.B

,

6

.15

%

,

4/11/26

.....

1,515

1,431

a

8276175.SQ.FTS.B

,

6

.154

%

,

4/11/26

....

1,791

1,742

a

8276554.SQ.FTS.B

,

6

.161

%

,

4/11/26

....

814

787

a

8274783.SQ.FTS.B

,

6

.325

%

,

4/11/26

....

2,420

2,380

a

8275038.SQ.FTS.B

,

6

.404

%

,

4/11/26

....

972

915

a

8275237.SQ.FTS.B

,

6

.414

%

,

4/11/26

....

749

734

a

8274254.SQ.FTS.B

,

6

.422

%

,

4/11/26

....

3,411

3,344

a

8276217.SQ.FTS.B

,

6

.546

%

,

4/11/26

....

4,119

4,018

a

8273624.SQ.FTS.B

,

6

.548

%

,

4/11/26

....

2,300

1,305

a

8275601.SQ.FTS.B

,

6

.549

%

,

4/11/26

....

4,297

4,216

a

8278066.SQ.FTS.B

,

4

.774

%

,

4/12/26

....

2,193

2,150

a

8277873.SQ.FTS.B

,

4

.778

%

,

4/12/26

....

8,315

8,004

a

8277642.SQ.FTS.B

,

4

.782

%

,

4/12/26

....

4,854

4,702

a

8277587.SQ.FTS.B

,

4

.783

%

,

4/12/26

....

4,531

4,405

a

8277816.SQ.FTS.B

,

4

.783

%

,

4/12/26

....

6,441

6,106

a

8277999.SQ.FTS.B

,

5

.109

%

,

4/12/26

....

2,637

2,604

a

8278291.SQ.FTS.B

,

5

.66

%

,

4/12/26

.....

1,898

1,849

a

8277735.SQ.FTS.B

,

5

.665

%

,

4/12/26

....

3,186

3,107

a

8278265.SQ.FTS.B

,

5

.905

%

,

4/12/26

....

1,842

1,779

a

8277454.SQ.FTS.B

,

6

.14

%

,

4/12/26

.....

374

369

a

8277479.SQ.FTS.B

,

6

.415

%

,

4/12/26

....

2,801

2,562

a

8278109.SQ.FTS.B

,

6

.419

%

,

4/12/26

....

5,392

3,443

a

8278157.SQ.FTS.B

,

6

.421

%

,

4/12/26

....

4,724

4,596

a

8277714.SQ.FTS.B

,

6

.539

%

,

4/12/26

....

473

461

a

8278984.SQ.FTS.B

,

4

.777

%

,

4/13/26

....

3,302

3,203

a

8278632.SQ.FTS.B

,

4

.78

%

,

4/13/26

.....

5,067

4,914

a

8278790.SQ.FTS.B

,

4

.78

%

,

4/13/26

.....

11,217

10,900

a

8278947.SQ.FTS.B

,

4

.78

%

,

4/13/26

.....

2,581

2,518

a

8278363.SQ.FTS.B

,

4

.785

%

,

4/13/26

....

3,132

3,053

a

8279142.SQ.FTS.B

,

5

.114

%

,

4/13/26

....

14,905

14,545

a

8278424.SQ.FTS.B

,

5

.408

%

,

4/13/26

....

11,782

8,892

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8279032.SQ.FTS.B

,

6

.149

%

,

4/13/26

....

$

4,258

$

3,929

a

8279088.SQ.FTS.B

,

6

.15

%

,

4/13/26

.....

2,702

2,589

a

8280031.SQ.FTS.B

,

4

.781

%

,

4/14/26

....

13,496

13,233

a

8279894.SQ.FTS.B

,

5

.108

%

,

4/14/26

....

1,751

1,704

a

8280294.SQ.FTS.B

,

5

.624

%

,

4/14/26

....

672

647

a

8279455.SQ.FTS.B

,

5

.634

%

,

4/14/26

....

307

298

a

8279460.SQ.FTS.B

,

5

.639

%

,

4/14/26

....

745

703

a

8280241.SQ.FTS.B

,

5

.664

%

,

4/14/26

....

5,597

5,262

a

8279423.SQ.FTS.B

,

6

.14

%

,

4/14/26

.....

1,415

1,367

a

8279597.SQ.FTS.B

,

6

.151

%

,

4/14/26

....

12,381

11,960

a

8280308.SQ.FTS.B

,

6

.155

%

,

4/14/26

....

7,492

981

a

8279817.SQ.FTS.B

,

6

.159

%

,

4/14/26

....

1,280

1,254

a

8280352.SQ.FTS.B

,

6

.168

%

,

4/14/26

....

863

827

a

8279451.SQ.FTS.B

,

6

.305

%

,

4/14/26

....

359

340

a

8279403.SQ.FTS.B

,

6

.331

%

,

4/14/26

....

1,788

1,295

a

8280007.SQ.FTS.B

,

6

.417

%

,

4/14/26

....

600

595

a

8279914.SQ.FTS.B

,

6

.42

%

,

4/14/26

.....

10,566

8,975

a

8279479.SQ.FTS.B

,

6

.424

%

,

4/14/26

....

7,822

4,989

a

8279549.SQ.FTS.B

,

6

.425

%

,

4/14/26

....

2,600

2,471

a

8281101.SQ.FTS.B

,

4

.78

%

,

4/15/26

.....

10,992

10,645

a

8282208.SQ.FTS.B

,

4

.78

%

,

4/15/26

.....

3,889

3,741

a

8282400.SQ.FTS.B

,

4

.78

%

,

4/15/26

.....

1,384

1,360

a

8283289.SQ.FTS.B

,

4

.78

%

,

4/15/26

.....

12,432

11,769

a

8283435.SQ.FTS.B

,

4

.78

%

,

4/15/26

.....

5,424

5,351

a

8282181.SQ.FTS.B

,

4

.782

%

,

4/15/26

....

2,108

2,056

a

8283650.SQ.FTS.B

,

5

.117

%

,

4/15/26

....

4,851

4,734

a

8281387.SQ.FTS.B

,

5

.409

%

,

4/15/26

....

7,244

7,075

a

8284872.SQ.FTS.B

,

5

.409

%

,

4/15/26

....

7,437

7,174

a

8283015.SQ.FTS.B

,

5

.66

%

,

4/15/26

.....

9,295

8,709

a

8284415.SQ.FTS.B

,

5

.922

%

,

4/15/26

....

1,142

429

a

8282315.SQ.FTS.B

,

6

.149

%

,

4/15/26

....

4,791

3,366

a

8282366.SQ.FTS.B

,

6

.15

%

,

4/15/26

.....

1,376

1,204

a

8283745.SQ.FTS.B

,

6

.15

%

,

4/15/26

.....

15,466

15,226

a

8281351.SQ.FTS.B

,

6

.344

%

,

4/15/26

....

485

428

a

8281096.SQ.FTS.B

,

6

.415

%

,

4/15/26

....

662

608

a

8284151.SQ.FTS.B

,

6

.422

%

,

4/15/26

....

9,139

8,991

a

8282443.SQ.FTS.B

,

6

.547

%

,

4/15/26

....

21,802

20,650

a

8283568.SQ.FTS.B

,

6

.55

%

,

4/15/26

.....

1,200

1,184

a

8282998.SQ.FTS.B

,

6

.653

%

,

4/15/26

....

720

654

a

8288271.SQ.FTS.B

,

4

.779

%

,

4/16/26

....

8,315

8,008

a

8284925.SQ.FTS.B

,

4

.78

%

,

4/16/26

.....

5,814

5,549

a

8286793.SQ.FTS.B

,

4

.78

%

,

4/16/26

.....

66,749

64,519

a

8288454.SQ.FTS.B

,

4

.78

%

,

4/16/26

.....

28,551

27,865

a

8285337.SQ.FTS.B

,

4

.786

%

,

4/16/26

....

915

899

a

8286659.SQ.FTS.B

,

4

.957

%

,

4/16/26

....

6,931

4,315

a

8286725.SQ.FTS.B

,

5

.111

%

,

4/16/26

....

3,581

3,480

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

50

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8286613.SQ.FTS.B

,

5

.119

%

,

4/16/26

....

$

1,792

$

1,483

a

8285348.SQ.FTS.B

,

5

.409

%

,

4/16/26

....

10,748

10,607

a

8286393.SQ.FTS.B

,

5

.409

%

,

4/16/26

....

17,070

13,048

a

8287706.SQ.FTS.B

,

5

.409

%

,

4/16/26

....

22,148

21,805

a

8285213.SQ.FTS.B

,

5

.633

%

,

4/16/26

....

8,446

1,245

a

8287679.SQ.FTS.B

,

5

.671

%

,

4/16/26

....

1,601

1,549

a

8285029.SQ.FTS.B

,

5

.902

%

,

4/16/26

....

1,343

522

a

8286038.SQ.FTS.B

,

6

.145

%

,

4/16/26

....

2,631

2,519

a

8285037.SQ.FTS.B

,

6

.15

%

,

4/16/26

.....

9,770

9,220

a

8286113.SQ.FTS.B

,

6

.15

%

,

4/16/26

.....

7,798

7,644

a

8288361.SQ.FTS.B

,

6

.327

%

,

4/16/26

....

5,371

5,143

a

8287673.SQ.FTS.B

,

6

.421

%

,

4/16/26

....

715

680

a

8292753.SQ.FTS.B

,

4

.778

%

,

4/17/26

....

3,573

3,134

a

8291469.SQ.FTS.B

,

4

.779

%

,

4/17/26

....

6,304

6,122

a

8293850.SQ.FTS.B

,

4

.779

%

,

4/17/26

....

1,555

1,506

a

8293871.SQ.FTS.B

,

4

.779

%

,

4/17/26

....

22,170

19,597

a

8290938.SQ.FTS.B

,

4

.78

%

,

4/17/26

.....

5,326

5,193

a

8292550.SQ.FTS.B

,

4

.78

%

,

4/17/26

.....

7,304

7,026

a

8293173.SQ.FTS.B

,

4

.78

%

,

4/17/26

.....

28,580

27,986

a

8294324.SQ.FTS.B

,

4

.78

%

,

4/17/26

.....

32,760

31,978

a

8291150.SQ.FTS.B

,

4

.781

%

,

4/17/26

....

2,920

2,827

a

8292280.SQ.FTS.B

,

4

.781

%

,

4/17/26

....

10,094

9,811

a

8293129.SQ.FTS.B

,

5

.113

%

,

4/17/26

....

1,960

1,893

a

8292849.SQ.FTS.B

,

5

.407

%

,

4/17/26

....

11,053

10,672

a

8292991.SQ.FTS.B

,

5

.664

%

,

4/17/26

....

5,575

5,323

a

8291099.SQ.FTS.B

,

5

.668

%

,

4/17/26

....

2,331

2,255

a

8294271.SQ.FTS.B

,

5

.918

%

,

4/17/26

....

940

925

a

8291703.SQ.FTS.B

,

6

.16

%

,

4/17/26

.....

2,049

1,960

a

8294957.SQ.FTS.B

,

6

.316

%

,

4/17/26

....

2,414

450

a

8293144.SQ.FTS.B

,

6

.415

%

,

4/17/26

....

298

296

a

8292229.SQ.FTS.B

,

6

.42

%

,

4/17/26

.....

2,095

1,754

a

8293096.SQ.FTS.B

,

6

.547

%

,

4/17/26

....

2,549

2,414

a

8294210.SQ.FTS.B

,

6

.682

%

,

4/17/26

....

1,372

1,292

a

8298273.SQ.FTS.B

,

4

.775

%

,

4/18/26

....

1,696

1,648

a

8295160.SQ.FTS.B

,

4

.778

%

,

4/18/26

....

6,294

6,043

a

8295387.SQ.FTS.B

,

4

.78

%

,

4/18/26

.....

8,593

8,313

a

8296644.SQ.FTS.B

,

4

.78

%

,

4/18/26

.....

3,111

3,034

a

8297551.SQ.FTS.B

,

4

.78

%

,

4/18/26

.....

5,807

5,493

a

8296243.SQ.FTS.B

,

4

.782

%

,

4/18/26

....

7,771

7,588

a

8298354.SQ.FTS.B

,

4

.961

%

,

4/18/26

....

2,691

2,375

a

8296686.SQ.FTS.B

,

5

.111

%

,

4/18/26

....

3,052

2,977

a

8295110.SQ.FTS.B

,

5

.115

%

,

4/18/26

....

729

722

a

8296979.SQ.FTS.B

,

5

.409

%

,

4/18/26

....

28,660

27,710

a

8295315.SQ.FTS.B

,

5

.66

%

,

4/18/26

.....

2,493

2,379

a

8297785.SQ.FTS.B

,

5

.666

%

,

4/18/26

....

2,080

2,050

a

8298013.SQ.FTS.B

,

6

.15

%

,

4/18/26

.....

2,993

2,139

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8296767.SQ.FTS.B

,

6

.151

%

,

4/18/26

....

$

9,299

$

9,098

a

8298026.SQ.FTS.B

,

6

.151

%

,

4/18/26

....

13,678

13,380

a

8298299.SQ.FTS.B

,

6

.152

%

,

4/18/26

....

3,314

2,902

a

8296447.SQ.FTS.B

,

6

.338

%

,

4/18/26

....

425

414

a

8295674.SQ.FTS.B

,

6

.424

%

,

4/18/26

....

2,746

2,610

a

8297843.SQ.FTS.B

,

6

.672

%

,

4/18/26

....

4,714

4,593

a

8295039.SQ.FTS.B

,

6

.709

%

,

4/18/26

....

384

371

a

8298594.SQ.FTS.B

,

4

.777

%

,

4/19/26

....

5,801

5,607

a

8299079.SQ.FTS.B

,

4

.78

%

,

4/19/26

.....

879

857

a

8298679.SQ.FTS.B

,

5

.111

%

,

4/19/26

....

6,354

5,935

a

8298741.SQ.FTS.B

,

5

.111

%

,

4/19/26

....

7,367

6,094

a

8299099.SQ.FTS.B

,

5

.113

%

,

4/19/26

....

21,090

20,069

a

8299448.SQ.FTS.B

,

5

.113

%

,

4/19/26

....

2,514

2,476

a

8298839.SQ.FTS.B

,

5

.115

%

,

4/19/26

....

1,919

1,824

a

8298818.SQ.FTS.B

,

5

.121

%

,

4/19/26

....

1,924

1,605

a

8298881.SQ.FTS.B

,

6

.153

%

,

4/19/26

....

5,290

5,060

a

8298963.SQ.FTS.B

,

6

.153

%

,

4/19/26

....

6,338

6,160

a

8298862.SQ.FTS.B

,

6

.688

%

,

4/19/26

....

1,166

1,054

a

8299899.SQ.FTS.B

,

4

.776

%

,

4/20/26

....

4,578

4,428

a

8299789.SQ.FTS.B

,

4

.778

%

,

4/20/26

....

7,663

7,447

a

8300274.SQ.FTS.B

,

4

.778

%

,

4/20/26

....

10,739

10,267

a

8300402.SQ.FTS.B

,

4

.78

%

,

4/20/26

.....

4,187

4,101

a

8299648.SQ.FTS.B

,

4

.781

%

,

4/20/26

....

7,416

7,198

a

8300012.SQ.FTS.B

,

4

.781

%

,

4/20/26

....

2,271

2,211

a

8299758.SQ.FTS.B

,

4

.965

%

,

4/20/26

....

366

346

a

8299967.SQ.FTS.B

,

5

.402

%

,

4/20/26

....

2,862

2,757

a

8300035.SQ.FTS.B

,

5

.66

%

,

4/20/26

.....

6,200

6,035

a

8299518.SQ.FTS.B

,

5

.664

%

,

4/20/26

....

5,155

4,923

a

8299870.SQ.FTS.B

,

5

.921

%

,

4/20/26

....

481

478

a

8299602.SQ.FTS.B

,

6

.148

%

,

4/20/26

....

2,503

2,450

a

8299772.SQ.FTS.B

,

6

.319

%

,

4/20/26

....

719

689

a

8300208.SQ.FTS.B

,

6

.329

%

,

4/20/26

....

4,699

4,173

a

8301741.SQ.FTS.B

,

4

.778

%

,

4/21/26

....

3,677

3,590

a

8301919.SQ.FTS.B

,

4

.78

%

,

4/21/26

.....

4,795

4,666

a

8302564.SQ.FTS.B

,

4

.781

%

,

4/21/26

....

25,010

24,259

a

8301181.SQ.FTS.B

,

4

.786

%

,

4/21/26

....

2,496

2,395

a

8302312.SQ.FTS.B

,

4

.927

%

,

4/21/26

....

65

64

a

8301890.SQ.FTS.B

,

4

.947

%

,

4/21/26

....

1,886

801

a

8302264.SQ.FTS.B

,

4

.954

%

,

4/21/26

....

4,165

3,032

a

8302363.SQ.FTS.B

,

4

.958

%

,

4/21/26

....

2,276

2,147

a

8302545.SQ.FTS.B

,

5

.1

%

,

4/21/26

......

1,883

909

a

8303202.SQ.FTS.B

,

5

.107

%

,

4/21/26

....

2,543

2,440

a

8304341.SQ.FTS.B

,

5

.112

%

,

4/21/26

....

8,566

6,563

a

8303780.SQ.FTS.B

,

5

.113

%

,

4/21/26

....

52,482

50,635

a

8303233.SQ.FTS.B

,

5

.408

%

,

4/21/26

....

5,678

5,527

a

8301821.SQ.FTS.B

,

5

.409

%

,

4/21/26

....

786

717

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

51

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8303163.SQ.FTS.B

,

5

.409

%

,

4/21/26

....

$

1,024

$

976

a

8300862.SQ.FTS.B

,

5

.66

%

,

4/21/26

.....

5,100

4,964

a

8300994.SQ.FTS.B

,

5

.66

%

,

4/21/26

.....

798

781

a

8303509.SQ.FTS.B

,

5

.66

%

,

4/21/26

.....

2,445

2,399

a

8303564.SQ.FTS.B

,

5

.663

%

,

4/21/26

....

12,829

4,021

a

8302509.SQ.FTS.B

,

5

.908

%

,

4/21/26

....

2,829

2,711

a

8304434.SQ.FTS.B

,

5

.909

%

,

4/21/26

....

4,588

4,106

a

8304481.SQ.FTS.B

,

5

.912

%

,

4/21/26

....

4,849

4,727

a

8303701.SQ.FTS.B

,

6

.153

%

,

4/21/26

....

4,186

4,141

a

8303291.SQ.FTS.B

,

6

.328

%

,

4/21/26

....

9,943

9,686

a

8301832.SQ.FTS.B

,

6

.333

%

,

4/21/26

....

2,292

2,126

a

8303010.SQ.FTS.B

,

6

.421

%

,

4/21/26

....

6,882

6,757

a

8302396.SQ.FTS.B

,

6

.423

%

,

4/21/26

....

10,117

9,254

a

8301012.SQ.FTS.B

,

6

.424

%

,

4/21/26

....

6,133

5,612

a

8302317.SQ.FTS.B

,

6

.541

%

,

4/21/26

....

571

522

a

8303679.SQ.FTS.B

,

6

.556

%

,

4/21/26

....

1,227

784

a

8302341.SQ.FTS.B

,

6

.557

%

,

4/21/26

....

1,162

1,098

a

8303501.SQ.FTS.B

,

6

.655

%

,

4/21/26

....

603

576

a

8304613.SQ.FTS.B

,

4

.772

%

,

4/22/26

....

1,568

1,537

a

8305243.SQ.FTS.B

,

4

.778

%

,

4/22/26

....

8,774

8,571

a

8306357.SQ.FTS.B

,

4

.778

%

,

4/22/26

....

5,411

5,169

a

8306297.SQ.FTS.B

,

4

.779

%

,

4/22/26

....

3,430

3,271

a

8305030.SQ.FTS.B

,

4

.78

%

,

4/22/26

.....

2,299

2,244

a

8307039.SQ.FTS.B

,

4

.78

%

,

4/22/26

.....

2,679

2,588

a

8307652.SQ.FTS.B

,

4

.78

%

,

4/22/26

.....

3,819

3,726

a

8307873.SQ.FTS.B

,

4

.78

%

,

4/22/26

.....

11,928

11,616

a

8306790.SQ.FTS.B

,

4

.781

%

,

4/22/26

....

7,318

7,120

a

8304759.SQ.FTS.B

,

4

.782

%

,

4/22/26

....

7,330

7,140

a

8306433.SQ.FTS.B

,

4

.784

%

,

4/22/26

....

1,642

1,586

a

8305233.SQ.FTS.B

,

4

.967

%

,

4/22/26

....

266

250

a

8307029.SQ.FTS.B

,

5

.099

%

,

4/22/26

....

1,144

1,097

a

8305991.SQ.FTS.B

,

5

.112

%

,

4/22/26

....

8,448

8,300

a

8305909.SQ.FTS.B

,

5

.121

%

,

4/22/26

....

1,766

1,730

a

8306899.SQ.FTS.B

,

5

.409

%

,

4/22/26

....

6,985

6,798

a

8308013.SQ.FTS.B

,

5

.634

%

,

4/22/26

....

1,173

1,108

a

8307100.SQ.FTS.B

,

5

.66

%

,

4/22/26

.....

16,969

16,195

a

8305112.SQ.FTS.B

,

5

.917

%

,

4/22/26

....

4,781

4,267

a

8306737.SQ.FTS.B

,

6

.146

%

,

4/22/26

....

1,296

1,269

a

8305609.SQ.FTS.B

,

6

.151

%

,

4/22/26

....

8,021

7,808

a

8307295.SQ.FTS.B

,

6

.151

%

,

4/22/26

....

29,618

21,110

a

8307864.SQ.FTS.B

,

6

.302

%

,

4/22/26

....

478

435

a

8305959.SQ.FTS.B

,

6

.546

%

,

4/22/26

....

1,135

1,041

a

8309624.SQ.FTS.B

,

4

.779

%

,

4/23/26

....

3,792

3,690

a

8309336.SQ.FTS.B

,

4

.78

%

,

4/23/26

.....

7,367

6,444

a

8310146.SQ.FTS.B

,

4

.78

%

,

4/23/26

.....

17,319

16,706

a

8310385.SQ.FTS.B

,

4

.78

%

,

4/23/26

.....

57,585

50,449

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8311336.SQ.FTS.B

,

4

.78

%

,

4/23/26

.....

$

58,161

$

55,593

a

8308097.SQ.FTS.B

,

4

.781

%

,

4/23/26

....

7,432

7,236

a

8311091.SQ.FTS.B

,

4

.781

%

,

4/23/26

....

16,159

15,504

a

8309988.SQ.FTS.B

,

4

.782

%

,

4/23/26

....

4,294

4,195

a

8309978.SQ.FTS.B

,

4

.79

%

,

4/23/26

.....

796

775

a

8309949.SQ.FTS.B

,

4

.956

%

,

4/23/26

....

1,238

1,201

a

8309214.SQ.FTS.B

,

4

.957

%

,

4/23/26

....

10,325

980

a

8310341.SQ.FTS.B

,

5

.108

%

,

4/23/26

....

1,228

1,204

a

8309853.SQ.FTS.B

,

5

.115

%

,

4/23/26

....

7,271

6,959

a

8309183.SQ.FTS.B

,

5

.408

%

,

4/23/26

....

2,234

2,156

a

8308511.SQ.FTS.B

,

5

.629

%

,

4/23/26

....

536

451

a

8310072.SQ.FTS.B

,

5

.66

%

,

4/23/26

.....

2,794

2,739

a

8308554.SQ.FTS.B

,

5

.663

%

,

4/23/26

....

6,907

6,567

a

8308336.SQ.FTS.B

,

5

.665

%

,

4/23/26

....

4,457

4,242

a

8309986.SQ.FTS.B

,

6

.132

%

,

4/23/26

....

137

135

a

8308309.SQ.FTS.B

,

6

.326

%

,

4/23/26

....

1,271

229

a

8310986.SQ.FTS.B

,

6

.545

%

,

4/23/26

....

3,931

3,776

a

8315066.SQ.FTS.B

,

4

.779

%

,

4/24/26

....

17,037

15,004

a

8315595.SQ.FTS.B

,

4

.78

%

,

4/24/26

.....

8,561

8,268

a

8316584.SQ.FTS.B

,

4

.78

%

,

4/24/26

.....

5,520

5,271

a

8314427.SQ.FTS.B

,

4

.781

%

,

4/24/26

....

10,599

10,369

a

8314799.SQ.FTS.B

,

4

.782

%

,

4/24/26

....

11,397

10,060

a

8316445.SQ.FTS.B

,

4

.957

%

,

4/24/26

....

10,154

7,322

a

8316725.SQ.FTS.B

,

5

.113

%

,

4/24/26

....

43,703

42,485

a

8315868.SQ.FTS.B

,

5

.114

%

,

4/24/26

....

24,451

19,802

a

8316276.SQ.FTS.B

,

5

.913

%

,

4/24/26

....

8,371

7,466

a

8313533.SQ.FTS.B

,

6

.136

%

,

4/24/26

....

1,816

1,295

a

8315846.SQ.FTS.B

,

6

.441

%

,

4/24/26

....

842

802

a

8316190.SQ.FTS.B

,

6

.545

%

,

4/24/26

....

1,905

1,871

a

8313568.SQ.FTS.B

,

6

.546

%

,

4/24/26

....

5,036

2,882

a

8317918.SQ.FTS.B

,

4

.78

%

,

4/25/26

.....

5,963

5,809

a

8318972.SQ.FTS.B

,

4

.78

%

,

4/25/26

.....

29,100

28,085

a

8320369.SQ.FTS.B

,

5

.112

%

,

4/25/26

....

20,051

15,495

a

8320651.SQ.FTS.B

,

5

.113

%

,

4/25/26

....

30,905

30,157

a

8317690.SQ.FTS.B

,

5

.114

%

,

4/25/26

....

4,530

4,206

a

8317674.SQ.FTS.B

,

5

.406

%

,

4/25/26

....

1,503

1,126

a

8319647.SQ.FTS.B

,

5

.409

%

,

4/25/26

....

30,535

29,844

a

8320308.SQ.FTS.B

,

5

.409

%

,

4/25/26

....

2,326

2,255

a

8317433.SQ.FTS.B

,

5

.413

%

,

4/25/26

....

4,244

4,097

a

8318671.SQ.FTS.B

,

6

.546

%

,

4/25/26

....

14,568

11,680

a

8321686.SQ.FTS.B

,

4

.775

%

,

4/26/26

....

3,681

3,534

a

8321062.SQ.FTS.B

,

4

.78

%

,

4/26/26

.....

1,656

1,605

a

8321744.SQ.FTS.B

,

4

.78

%

,

4/26/26

.....

11,890

11,481

a

8321389.SQ.FTS.B

,

4

.781

%

,

4/26/26

....

5,703

5,480

a

8321450.SQ.FTS.B

,

4

.781

%

,

4/26/26

....

12,362

11,940

a

8321599.SQ.FTS.B

,

4

.781

%

,

4/26/26

....

6,155

5,992

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

52

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8321074.SQ.FTS.B

,

4

.955

%

,

4/26/26

....

$

1,077

$

1,020

a

8321020.SQ.FTS.B

,

5

.111

%

,

4/26/26

....

3,600

3,475

a

8321264.SQ.FTS.B

,

5

.113

%

,

4/26/26

....

11,038

10,798

a

8321229.SQ.FTS.B

,

5

.415

%

,

4/26/26

....

2,154

2,097

a

8321214.SQ.FTS.B

,

5

.9

%

,

4/26/26

......

879

862

a

8321089.SQ.FTS.B

,

6

.559

%

,

4/26/26

....

1,912

1,524

a

8321123.SQ.FTS.B

,

6

.671

%

,

4/26/26

....

8,101

7,396

a

8322629.SQ.FTS.B

,

4

.78

%

,

4/27/26

.....

3,419

3,299

a

8322553.SQ.FTS.B

,

5

.408

%

,

4/27/26

....

1,654

1,602

a

8322049.SQ.FTS.B

,

5

.41

%

,

4/27/26

.....

6,017

5,874

a

8322334.SQ.FTS.B

,

6

.132

%

,

4/27/26

....

654

643

a

8322538.SQ.FTS.B

,

6

.149

%

,

4/27/26

....

1,870

1,661

a

8322475.SQ.FTS.B

,

6

.3

%

,

4/27/26

......

280

275

a

8322489.SQ.FTS.B

,

6

.545

%

,

4/27/26

....

2,091

–

a

8323655.SQ.FTS.B

,

4

.778

%

,

4/28/26

....

5,440

5,274

a

8324690.SQ.FTS.B

,

4

.778

%

,

4/28/26

....

4,327

4,212

a

8324048.SQ.FTS.B

,

4

.78

%

,

4/28/26

.....

2,532

2,470

a

8324145.SQ.FTS.B

,

4

.78

%

,

4/28/26

.....

3,075

2,909

a

8324346.SQ.FTS.B

,

4

.78

%

,

4/28/26

.....

15,100

14,384

a

8325856.SQ.FTS.B

,

4

.78

%

,

4/28/26

.....

3,113

3,030

a

8326124.SQ.FTS.B

,

4

.78

%

,

4/28/26

.....

6,476

6,326

a

8323909.SQ.FTS.B

,

4

.784

%

,

4/28/26

....

4,452

4,323

a

8327001.SQ.FTS.B

,

4

.784

%

,

4/28/26

....

4,374

4,218

a

8327119.SQ.FTS.B

,

4

.784

%

,

4/28/26

....

4,595

4,452

a

8325939.SQ.FTS.B

,

4

.959

%

,

4/28/26

....

5,024

4,498

a

8326318.SQ.FTS.B

,

5

.111

%

,

4/28/26

....

5,155

5,026

a

8324605.SQ.FTS.B

,

5

.116

%

,

4/28/26

....

5,173

4,279

a

8326682.SQ.FTS.B

,

5

.409

%

,

4/28/26

....

7,347

5,677

a

8326817.SQ.FTS.B

,

5

.41

%

,

4/28/26

.....

7,398

7,265

a

8323551.SQ.FTS.B

,

5

.666

%

,

4/28/26

....

3,900

3,712

a

8326510.SQ.FTS.B

,

5

.911

%

,

4/28/26

....

49

–

a

8325733.SQ.FTS.B

,

5

.913

%

,

4/28/26

....

5,579

5,295

a

8324750.SQ.FTS.B

,

6

.421

%

,

4/28/26

....

10,330

6,259

a

8326607.SQ.FTS.B

,

6

.553

%

,

4/28/26

....

2,621

2,529

a

8328785.SQ.FTS.B

,

4

.779

%

,

4/29/26

....

12,658

11,911

a

8330187.SQ.FTS.B

,

4

.78

%

,

4/29/26

.....

38,900

36,771

a

8330598.SQ.FTS.B

,

4

.78

%

,

4/29/26

.....

3,896

3,788

a

8330888.SQ.FTS.B

,

4

.78

%

,

4/29/26

.....

5,302

5,056

a

8329010.SQ.FTS.B

,

4

.781

%

,

4/29/26

....

12,507

12,046

a

8329315.SQ.FTS.B

,

4

.781

%

,

4/29/26

....

13,851

13,075

a

8328677.SQ.FTS.B

,

4

.783

%

,

4/29/26

....

1,953

1,903

a

8328526.SQ.FTS.B

,

4

.945

%

,

4/29/26

....

366

358

a

8330966.SQ.FTS.B

,

5

.408

%

,

4/29/26

....

29,439

20,789

a

8328333.SQ.FTS.B

,

5

.41

%

,

4/29/26

.....

8,525

8,004

a

8327764.SQ.FTS.B

,

5

.667

%

,

4/29/26

....

2,921

2,824

a

8327958.SQ.FTS.B

,

5

.912

%

,

4/29/26

....

4,325

3,093

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8327208.SQ.FTS.B

,

6

.132

%

,

4/29/26

....

$

1,156

$

1,068

a

8328083.SQ.FTS.B

,

6

.151

%

,

4/29/26

....

7,241

5,362

a

8330863.SQ.FTS.B

,

6

.152

%

,

4/29/26

....

715

699

a

8327381.SQ.FTS.B

,

6

.153

%

,

4/29/26

....

7,622

7,346

a

8329221.SQ.FTS.B

,

6

.154

%

,

4/29/26

....

6,143

4,409

a

8327269.SQ.FTS.B

,

6

.321

%

,

4/29/26

....

534

517

a

8329693.SQ.FTS.B

,

6

.327

%

,

4/29/26

....

2,490

2,451

a

8328595.SQ.FTS.B

,

6

.421

%

,

4/29/26

....

1,153

271

a

8330707.SQ.FTS.B

,

6

.421

%

,

4/29/26

....

6,246

6,053

a

8327659.SQ.FTS.B

,

6

.422

%

,

4/29/26

....

2,175

1,409

a

8329972.SQ.FTS.B

,

6

.424

%

,

4/29/26

....

3,787

3,554

a

8330680.SQ.FTS.B

,

6

.534

%

,

4/29/26

....

1,547

915

a

8328615.SQ.FTS.B

,

6

.541

%

,

4/29/26

....

2,387

2,288

a

8330043.SQ.FTS.B

,

6

.667

%

,

4/29/26

....

2,056

1,805

a

8327688.SQ.FTS.B

,

6

.68

%

,

4/29/26

.....

1,150

1,119

a

8336686.SQ.FTS.B

,

4

.778

%

,

4/30/26

....

10,076

9,714

a

8334149.SQ.FTS.B

,

4

.779

%

,

4/30/26

....

13,647

13,229

a

8330997.SQ.FTS.B

,

4

.78

%

,

4/30/26

.....

18,572

17,730

a

8331456.SQ.FTS.B

,

4

.78

%

,

4/30/26

.....

8,213

7,981

a

8333019.SQ.FTS.B

,

4

.78

%

,

4/30/26

.....

10,427

10,052

a

8334249.SQ.FTS.B

,

4

.78

%

,

4/30/26

.....

39,289

37,660

a

8337816.SQ.FTS.B

,

4

.78

%

,

4/30/26

.....

9,135

8,891

a

8337918.SQ.FTS.B

,

4

.78

%

,

4/30/26

.....

21,905

19,276

a

8338310.SQ.FTS.B

,

4

.78

%

,

4/30/26

.....

1,978

1,934

a

8338723.SQ.FTS.B

,

4

.78

%

,

4/30/26

.....

19,482

18,727

a

8332129.SQ.FTS.B

,

4

.781

%

,

4/30/26

....

5,008

4,875

a

8333227.SQ.FTS.B

,

4

.781

%

,

4/30/26

....

9,776

8,397

a

8333827.SQ.FTS.B

,

4

.781

%

,

4/30/26

....

20,270

19,293

a

8332643.SQ.FTS.B

,

4

.782

%

,

4/30/26

....

4,780

4,710

a

8338249.SQ.FTS.B

,

4

.784

%

,

4/30/26

....

3,669

3,539

a

8337291.SQ.FTS.B

,

4

.943

%

,

4/30/26

....

378

367

a

8337350.SQ.FTS.B

,

4

.947

%

,

4/30/26

....

1,976

1,491

a

8331815.SQ.FTS.B

,

4

.96

%

,

4/30/26

.....

7,086

3,027

a

8334110.SQ.FTS.B

,

4

.962

%

,

4/30/26

....

378

347

a

8332292.SQ.FTS.B

,

5

.111

%

,

4/30/26

....

6,716

5,384

a

8333321.SQ.FTS.B

,

5

.111

%

,

4/30/26

....

7,581

7,341

a

8338419.SQ.FTS.B

,

5

.111

%

,

4/30/26

....

1,454

1,445

a

8333558.SQ.FTS.B

,

5

.113

%

,

4/30/26

....

23,064

22,244

a

8337409.SQ.FTS.B

,

5

.113

%

,

4/30/26

....

12,569

12,245

a

8340120.SQ.FTS.B

,

5

.113

%

,

4/30/26

....

36,797

29,929

a

8336941.SQ.FTS.B

,

5

.114

%

,

4/30/26

....

13,348

11,149

a

8339146.SQ.FTS.B

,

5

.114

%

,

4/30/26

....

39,075

37,068

a

8340102.SQ.FTS.B

,

5

.398

%

,

4/30/26

....

2,124

1,636

a

8331911.SQ.FTS.B

,

5

.66

%

,

4/30/26

.....

9,998

9,702

a

8333216.SQ.FTS.B

,

5

.66

%

,

4/30/26

.....

2,685

2,042

a

8339003.SQ.FTS.B

,

5

.664

%

,

4/30/26

....

4,933

4,778

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

53

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8334114.SQ.FTS.B

,

5

.902

%

,

4/30/26

....

$

73

$

72

a

8340107.SQ.FTS.B

,

6

.139

%

,

4/30/26

....

1,561

1,477

a

8332399.SQ.FTS.B

,

6

.15

%

,

4/30/26

.....

20,377

13,423

a

8333168.SQ.FTS.B

,

6

.151

%

,

4/30/26

....

5,067

4,699

a

8333984.SQ.FTS.B

,

6

.151

%

,

4/30/26

....

11,097

10,697

a

8332583.SQ.FTS.B

,

6

.153

%

,

4/30/26

....

2,412

1,753

a

8339541.SQ.FTS.B

,

6

.315

%

,

4/30/26

....

2,433

1,242

a

8333400.SQ.FTS.B

,

6

.328

%

,

4/30/26

....

3,825

3,755

a

8339553.SQ.FTS.B

,

6

.412

%

,

4/30/26

....

790

740

a

8332969.SQ.FTS.B

,

6

.418

%

,

4/30/26

....

4,327

4,176

a

8339752.SQ.FTS.B

,

6

.422

%

,

4/30/26

....

15,751

15,475

a

8332628.SQ.FTS.B

,

6

.423

%

,

4/30/26

....

483

–

a

8334121.SQ.FTS.B

,

6

.424

%

,

4/30/26

....

1,882

1,838

a

8339559.SQ.FTS.B

,

6

.548

%

,

4/30/26

....

12,329

11,344

a

8340091.SQ.FTS.B

,

6

.554

%

,

4/30/26

....

1,357

1,305

a

8338410.SQ.FTS.B

,

6

.559

%

,

4/30/26

....

759

618

a

8338585.SQ.FTS.B

,

6

.652

%

,

4/30/26

....

501

489

a

8333157.SQ.FTS.B

,

6

.682

%

,

4/30/26

....

2,698

2,134

a

8332639.SQ.FTS.B

,

6

.691

%

,

4/30/26

....

177

174

a

8341571.SQ.FTS.B

,

4

.779

%

,

5/01/26

....

16,493

16,109

a

8343288.SQ.FTS.B

,

4

.78

%

,

5/01/26

.....

24,223

22,888

a

8341178.SQ.FTS.B

,

4

.782

%

,

5/01/26

....

2,811

2,725

a

8340817.SQ.FTS.B

,

4

.784

%

,

5/01/26

....

2,163

2,100

a

8341018.SQ.FTS.B

,

5

.107

%

,

5/01/26

....

3,388

3,242

a

8343150.SQ.FTS.B

,

5

.62

%

,

5/01/26

.....

907

834

a

8341273.SQ.FTS.B

,

5

.66

%

,

5/01/26

.....

2,013

1,949

a

8342511.SQ.FTS.B

,

5

.66

%

,

5/01/26

.....

55,681

42,489

a

8340759.SQ.FTS.B

,

5

.915

%

,

5/01/26

....

1,899

1,833

a

8341111.SQ.FTS.B

,

5

.916

%

,

5/01/26

.....

3,452

3,313

a

8341402.SQ.FTS.B

,

6

.324

%

,

5/01/26

....

3,569

3,464

a

8340548.SQ.FTS.B

,

6

.327

%

,

5/01/26

....

804

723

a

8340885.SQ.FTS.B

,

6

.33

%

,

5/01/26

.....

2,498

2,393

a

8341323.SQ.FTS.B

,

6

.421

%

,

5/01/26

....

4,025

918

a

8341869.SQ.FTS.B

,

6

.421

%

,

5/01/26

....

38,073

36,885

a

8340736.SQ.FTS.B

,

6

.541

%

,

5/01/26

....

783

739

a

8343577.SQ.FTS.B

,

6

.547

%

,

5/01/26

....

20,027

18,441

a

8343170.SQ.FTS.B

,

6

.674

%

,

5/01/26

....

7,735

7,074

a

8340603.SQ.FTS.B

,

6

.68

%

,

5/01/26

.....

2,636

2,477

a

8344117.SQ.FTS.B

,

4

.78

%

,

5/02/26

.....

3,312

3,214

a

8344213.SQ.FTS.B

,

4

.79

%

,

5/02/26

.....

2,496

2,346

a

8344811.SQ.FTS.B

,

5

.404

%

,

5/02/26

....

5,612

4,002

a

8344350.SQ.FTS.B

,

5

.408

%

,

5/02/26

....

12,556

12,332

a

8344527.SQ.FTS.B

,

5

.66

%

,

5/02/26

.....

12,333

11,950

a

8344256.SQ.FTS.B

,

5

.675

%

,

5/02/26

....

1,309

1,266

a

8344793.SQ.FTS.B

,

6

.136

%

,

5/02/26

....

669

660

a

8344200.SQ.FTS.B

,

6

.14

%

,

5/02/26

.....

861

842

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8344675.SQ.FTS.B

,

6

.148

%

,

5/02/26

....

$

6,878

$

6,383

a

8343814.SQ.FTS.B

,

6

.149

%

,

5/02/26

....

4,630

4,566

a

8344151.SQ.FTS.B

,

6

.154

%

,

5/02/26

....

2,997

2,953

a

8343975.SQ.FTS.B

,

6

.421

%

,

5/02/26

....

13,361

12,945

a

8344755.SQ.FTS.B

,

6

.661

%

,

5/02/26

....

990

910

a

8343928.SQ.FTS.B

,

6

.667

%

,

5/02/26

....

573

547

a

8343965.SQ.FTS.B

,

6

.667

%

,

5/02/26

....

1,055

1,008

a

8344286.SQ.FTS.B

,

6

.674

%

,

5/02/26

....

3,794

3,702

a

8345363.SQ.FTS.B

,

4

.78

%

,

5/03/26

.....

2,493

2,401

a

8345059.SQ.FTS.B

,

5

.111

%

,

5/03/26

....

3,362

3,293

a

8345737.SQ.FTS.B

,

5

.112

%

,

5/03/26

....

6,047

5,718

a

8345610.SQ.FTS.B

,

5

.113

%

,

5/03/26

....

9,130

8,852

a

8345124.SQ.FTS.B

,

5

.402

%

,

5/03/26

....

3,877

2,840

a

8345516.SQ.FTS.B

,

5

.407

%

,

5/03/26

....

7,744

6,048

a

8344935.SQ.FTS.B

,

5

.41

%

,

5/03/26

.....

10,160

9,928

a

8345153.SQ.FTS.B

,

5

.41

%

,

5/03/26

.....

21,783

20,793

a

8345391.SQ.FTS.B

,

5

.664

%

,

5/03/26

....

4,680

4,552

a

8345723.SQ.FTS.B

,

6

.14

%

,

5/03/26

.....

1,462

1,409

a

8344894.SQ.FTS.B

,

6

.15

%

,

5/03/26

.....

1,566

1,544

a

8344915.SQ.FTS.B

,

6

.15

%

,

5/03/26

.....

2,497

2,392

a

8345109.SQ.FTS.B

,

6

.159

%

,

5/03/26

....

2,266

2,136

a

8345591.SQ.FTS.B

,

6

.408

%

,

5/03/26

....

628

620

a

8347537.SQ.FTS.B

,

4

.777

%

,

5/04/26

....

5,224

5,073

a

8347036.SQ.FTS.B

,

4

.778

%

,

5/04/26

....

5,054

4,875

a

8349679.SQ.FTS.B

,

4

.778

%

,

5/04/26

....

9,546

9,088

a

8347607.SQ.FTS.B

,

4

.779

%

,

5/04/26

....

21,091

17,809

a

8348033.SQ.FTS.B

,

4

.78

%

,

5/04/26

.....

6,520

6,316

a

8348351.SQ.FTS.B

,

4

.78

%

,

5/04/26

.....

7,330

7,148

a

8348991.SQ.FTS.B

,

4

.78

%

,

5/04/26

.....

41,303

38,755

a

8349584.SQ.FTS.B

,

4

.782

%

,

5/04/26

....

4,672

4,521

a

8347589.SQ.FTS.B

,

4

.962

%

,

5/04/26

....

528

426

a

8346648.SQ.FTS.B

,

4

.979

%

,

5/04/26

....

972

310

a

8346511.SQ.FTS.B

,

5

.111

%

,

5/04/26

.....

2,990

2,955

a

8348948.SQ.FTS.B

,

5

.111

%

,

5/04/26

....

3,861

3,694

a

8347287.SQ.FTS.B

,

5

.114

%

,

5/04/26

....

11,789

11,594

a

8347937.SQ.FTS.B

,

5

.115

%

,

5/04/26

....

11,188

9,079

a

8348817.SQ.FTS.B

,

5

.116

%

,

5/04/26

....

8,046

6,609

a

8347238.SQ.FTS.B

,

5

.409

%

,

5/04/26

....

3,789

2,967

a

8346835.SQ.FTS.B

,

5

.66

%

,

5/04/26

.....

5,345

5,194

a

8348639.SQ.FTS.B

,

5

.66

%

,

5/04/26

.....

2,866

2,748

a

8348753.SQ.FTS.B

,

5

.66

%

,

5/04/26

.....

2,188

2,114

a

8348784.SQ.FTS.B

,

5

.66

%

,

5/04/26

.....

981

958

a

8349302.SQ.FTS.B

,

5

.66

%

,

5/04/26

.....

20,404

15,150

a

8349636.SQ.FTS.B

,

5

.66

%

,

5/04/26

.....

1,351

1,295

a

8347174.SQ.FTS.B

,

5

.665

%

,

5/04/26

....

3,245

3,170

a

8347872.SQ.FTS.B

,

5

.912

%

,

5/04/26

....

4,464

4,288

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

54

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8349539.SQ.FTS.B

,

5

.912

%

,

5/04/26

....

$

2,726

$

2,629

a

8345940.SQ.FTS.B

,

5

.913

%

,

5/04/26

....

17,583

12,265

a

8348205.SQ.FTS.B

,

5

.915

%

,

5/04/26

....

1,798

1,734

a

8348480.SQ.FTS.B

,

6

.327

%

,

5/04/26

....

4,282

4,205

a

8346312.SQ.FTS.B

,

6

.418

%

,

5/04/26

....

4,251

4,155

a

8348906.SQ.FTS.B

,

6

.422

%

,

5/04/26

....

2,309

2,237

a

8348693.SQ.FTS.B

,

6

.424

%

,

5/04/26

....

3,175

2,740

a

8348059.SQ.FTS.B

,

6

.427

%

,

5/04/26

....

1,583

1,563

a

8348474.SQ.FTS.B

,

6

.439

%

,

5/04/26

....

988

664

a

8348080.SQ.FTS.B

,

6

.546

%

,

5/04/26

....

4,206

4,093

a

8346672.SQ.FTS.B

,

6

.55

%

,

5/04/26

.....

7,378

4,451

a

8347846.SQ.FTS.B

,

6

.671

%

,

5/04/26

....

4,169

3,326

a

8350003.SQ.FTS.B

,

4

.78

%

,

5/05/26

.....

34,848

33,635

a

8351240.SQ.FTS.B

,

4

.78

%

,

5/05/26

.....

2,966

2,881

a

8351439.SQ.FTS.B

,

4

.78

%

,

5/05/26

.....

1,274

1,240

a

8352215.SQ.FTS.B

,

4

.78

%

,

5/05/26

.....

4,487

4,341

a

8353078.SQ.FTS.B

,

4

.78

%

,

5/05/26

.....

4,508

4,371

a

8352251.SQ.FTS.B

,

4

.938

%

,

5/05/26

....

521

500

a

8352852.SQ.FTS.B

,

4

.953

%

,

5/05/26

....

140

137

a

8350961.SQ.FTS.B

,

4

.955

%

,

5/05/26

....

471

462

a

8353267.SQ.FTS.B

,

5

.114

%

,

5/05/26

....

26,587

25,931

a

8349849.SQ.FTS.B

,

5

.115

%

,

5/05/26

....

7,948

7,530

a

8351586.SQ.FTS.B

,

5

.115

%

,

5/05/26

....

8,022

7,856

a

8350773.SQ.FTS.B

,

5

.406

%

,

5/05/26

....

4,979

3,851

a

8351765.SQ.FTS.B

,

5

.408

%

,

5/05/26

....

8,079

7,712

a

8351268.SQ.FTS.B

,

5

.66

%

,

5/05/26

.....

9,951

8,973

a

8353154.SQ.FTS.B

,

5

.66

%

,

5/05/26

.....

6,706

6,378

a

8352836.SQ.FTS.B

,

5

.68

%

,

5/05/26

.....

987

953

a

8352958.SQ.FTS.B

,

5

.912

%

,

5/05/26

....

12,331

9,289

a

8353040.SQ.FTS.B

,

6

.147

%

,

5/05/26

....

3,945

2,841

a

8352842.SQ.FTS.B

,

6

.302

%

,

5/05/26

....

473

454

a

8351528.SQ.FTS.B

,

6

.321

%

,

5/05/26

....

2,023

1,041

a

8351756.SQ.FTS.B

,

6

.334

%

,

5/05/26

....

77

76

a

8351712.SQ.FTS.B

,

6

.414

%

,

5/05/26

....

1,465

1,421

a

8353107.SQ.FTS.B

,

6

.42

%

,

5/05/26

.....

1,273

1,233

a

8351889.SQ.FTS.B

,

6

.422

%

,

5/05/26

....

8,847

8,632

a

8351731.SQ.FTS.B

,

6

.542

%

,

5/05/26

....

1,219

1,186

a

8351051.SQ.FTS.B

,

6

.546

%

,

5/05/26

....

7,534

7,380

a

8352179.SQ.FTS.B

,

6

.667

%

,

5/05/26

....

2,331

1,878

a

8351479.SQ.FTS.B

,

6

.671

%

,

5/05/26

....

3,223

3,039

a

8352196.SQ.FTS.B

,

6

.679

%

,

5/05/26

....

4,327

3,430

a

8350906.SQ.FTS.B

,

6

.688

%

,

5/05/26

....

950

918

a

8355418.SQ.FTS.B

,

4

.777

%

,

5/06/26

....

4,524

4,255

a

8355365.SQ.FTS.B

,

5

.111

%

,

5/06/26

....

2,221

2,180

a

8353650.SQ.FTS.B

,

5

.113

%

,

5/06/26

....

27,458

26,431

a

8353350.SQ.FTS.B

,

5

.115

%

,

5/06/26

....

3,635

3,598

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8354621.SQ.FTS.B

,

5

.115

%

,

5/06/26

....

$

2,090

$

2,010

a

8355680.SQ.FTS.B

,

5

.115

%

,

5/06/26

....

8,951

6,977

a

8355673.SQ.FTS.B

,

5

.636

%

,

5/06/26

....

703

659

a

8355777.SQ.FTS.B

,

5

.904

%

,

5/06/26

....

2,795

2,088

a

8354506.SQ.FTS.B

,

5

.912

%

,

5/06/26

....

1,358

1,320

a

8354650.SQ.FTS.B

,

5

.912

%

,

5/06/26

....

12,105

11,506

a

8353582.SQ.FTS.B

,

6

.146

%

,

5/06/26

....

1,802

1,760

a

8356714.SQ.FTS.B

,

6

.147

%

,

5/06/26

....

3,100

2,740

a

8355818.SQ.FTS.B

,

6

.148

%

,

5/06/26

....

7,834

6,922

a

8354521.SQ.FTS.B

,

6

.15

%

,

5/06/26

.....

5,131

4,943

a

8355291.SQ.FTS.B

,

6

.328

%

,

5/06/26

....

2,403

2,327

a

8354862.SQ.FTS.B

,

6

.422

%

,

5/06/26

....

32,378

29,532

a

8355484.SQ.FTS.B

,

6

.422

%

,

5/06/26

....

7,910

7,761

a

8355919.SQ.FTS.B

,

6

.422

%

,

5/06/26

....

74,555

48,380

a

8354331.SQ.FTS.B

,

6

.673

%

,

5/06/26

....

4,545

4,394

a

8362170.SQ.FTS.B

,

4

.779

%

,

5/07/26

....

3,524

3,432

a

8363041.SQ.FTS.B

,

4

.78

%

,

5/07/26

.....

2,070

2,005

a

8363173.SQ.FTS.B

,

4

.78

%

,

5/07/26

.....

32,855

31,565

a

8362054.SQ.FTS.B

,

4

.783

%

,

5/07/26

....

5,250

5,039

a

8360941.SQ.FTS.B

,

4

.955

%

,

5/07/26

....

5,195

4,995

a

8362955.SQ.FTS.B

,

5

.117

%

,

5/07/26

....

6,182

5,036

a

8362012.SQ.FTS.B

,

5

.121

%

,

5/07/26

....

2,396

2,310

a

8364366.SQ.FTS.B

,

5

.408

%

,

5/07/26

....

35,808

28,016

a

8361380.SQ.FTS.B

,

5

.41

%

,

5/07/26

.....

5,502

5,242

a

8361316.SQ.FTS.B

,

5

.635

%

,

5/07/26

....

1,815

1,527

a

8360992.SQ.FTS.B

,

5

.66

%

,

5/07/26

.....

21,380

19,311

a

8362167.SQ.FTS.B

,

5

.66

%

,

5/07/26

.....

281

271

a

8362313.SQ.FTS.B

,

5

.66

%

,

5/07/26

.....

2,178

2,102

a

8362361.SQ.FTS.B

,

5

.66

%

,

5/07/26

.....

3,046

2,974

a

8360909.SQ.FTS.B

,

5

.904

%

,

5/07/26

....

2,100

1,583

a

8363762.SQ.FTS.B

,

6

.151

%

,

5/07/26

....

26,306

7,042

a

8362280.SQ.FTS.B

,

6

.153

%

,

5/07/26

....

1,701

1,607

a

8362418.SQ.FTS.B

,

6

.324

%

,

5/07/26

....

4,713

4,256

a

8361519.SQ.FTS.B

,

6

.42

%

,

5/07/26

.....

7,835

5,201

a

8364244.SQ.FTS.B

,

6

.42

%

,

5/07/26

.....

7,437

4,660

a

8362533.SQ.FTS.B

,

6

.422

%

,

5/07/26

....

27,306

23,800

a

8364078.SQ.FTS.B

,

6

.547

%

,

5/07/26

....

5,648

5,537

a

8364331.SQ.FTS.B

,

6

.554

%

,

5/07/26

....

1,346

1,309

a

8363167.SQ.FTS.B

,

6

.656

%

,

5/07/26

....

400

387

a

8361853.SQ.FTS.B

,

6

.673

%

,

5/07/26

....

4,928

4,776

a

8367102.SQ.FTS.B

,

4

.773

%

,

5/08/26

....

2,617

2,311

a

8365144.SQ.FTS.B

,

4

.777

%

,

5/08/26

....

6,774

6,469

a

8366380.SQ.FTS.B

,

4

.777

%

,

5/08/26

....

3,342

3,303

a

8366261.SQ.FTS.B

,

4

.779

%

,

5/08/26

....

4,000

3,838

a

8364729.SQ.FTS.B

,

4

.78

%

,

5/08/26

.....

17,143

16,530

a

8366168.SQ.FTS.B

,

4

.78

%

,

5/08/26

.....

3,674

3,579

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

55

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8368299.SQ.FTS.B

,

4

.78

%

,

5/08/26

.....

$

1,351

$

1,311

a

8367777.SQ.FTS.B

,

4

.955

%

,

5/08/26

....

1,892

1,856

a

8368277.SQ.FTS.B

,

5

.113

%

,

5/08/26

....

11,974

11,568

a

8367278.SQ.FTS.B

,

5

.408

%

,

5/08/26

....

18,347

17,954

a

8366505.SQ.FTS.B

,

5

.409

%

,

5/08/26

....

48,773

47,150

a

8367150.SQ.FTS.B

,

5

.409

%

,

5/08/26

....

5,305

5,061

a

8365844.SQ.FTS.B

,

5

.625

%

,

5/08/26

....

710

686

a

8365031.SQ.FTS.B

,

5

.66

%

,

5/08/26

.....

6,600

6,199

a

8367866.SQ.FTS.B

,

5

.66

%

,

5/08/26

.....

24,542

23,709

a

8365932.SQ.FTS.B

,

5

.664

%

,

5/08/26

....

4,270

4,168

a

8366292.SQ.FTS.B

,

5

.669

%

,

5/08/26

....

2,107

2,047

a

8365908.SQ.FTS.B

,

6

.134

%

,

5/08/26

....

906

867

a

8367222.SQ.FTS.B

,

6

.152

%

,

5/08/26

....

3,497

3,419

a

8365780.SQ.FTS.B

,

6

.154

%

,

5/08/26

....

2,372

2,109

a

8366064.SQ.FTS.B

,

6

.421

%

,

5/08/26

....

6,356

5,798

a

8365595.SQ.FTS.B

,

6

.544

%

,

5/08/26

....

4,084

3,947

a

8368738.SQ.FTS.B

,

4

.776

%

,

5/09/26

....

3,515

3,365

a

8369146.SQ.FTS.B

,

4

.78

%

,

5/09/26

.....

6,064

5,852

a

8368466.SQ.FTS.B

,

4

.781

%

,

5/09/26

....

18,507

17,403

a

8368681.SQ.FTS.B

,

5

.112

%

,

5/09/26

....

5,598

5,215

a

8368770.SQ.FTS.B

,

5

.115

%

,

5/09/26

....

3,569

3,326

a

8368798.SQ.FTS.B

,

5

.119

%

,

5/09/26

....

2,473

2,390

a

8368326.SQ.FTS.B

,

5

.406

%

,

5/09/26

....

2,736

2,644

a

8368854.SQ.FTS.B

,

5

.66

%

,

5/09/26

.....

571

427

a

8368357.SQ.FTS.B

,

5

.913

%

,

5/09/26

....

7,724

7,492

a

8368604.SQ.FTS.B

,

6

.152

%

,

5/09/26

....

7,782

7,485

a

8368813.SQ.FTS.B

,

6

.436

%

,

5/09/26

....

1,175

1,139

a

8368861.SQ.FTS.B

,

6

.547

%

,

5/09/26

....

13,457

13,210

a

8369219.SQ.FTS.B

,

4

.78

%

,

5/10/26

.....

2,897

2,792

a

8369250.SQ.FTS.B

,

4

.78

%

,

5/10/26

.....

16,703

15,656

a

8369783.SQ.FTS.B

,

4

.78

%

,

5/10/26

.....

6,572

6,364

a

8369434.SQ.FTS.B

,

5

.112

%

,

5/10/26

....

15,537

15,209

a

8369684.SQ.FTS.B

,

5

.41

%

,

5/10/26

.....

10,951

10,025

a

8369634.SQ.FTS.B

,

5

.66

%

,

5/10/26

.....

1,850

1,760

a

8369648.SQ.FTS.B

,

5

.66

%

,

5/10/26

.....

4,545

4,126

a

8369869.SQ.FTS.B

,

5

.92

%

,

5/10/26

.....

2,956

2,168

a

8369197.SQ.FTS.B

,

6

.42

%

,

5/10/26

.....

2,393

2,270

a

8369410.SQ.FTS.B

,

6

.569

%

,

5/10/26

....

748

617

a

8369900.SQ.FTS.B

,

6

.672

%

,

5/10/26

....

9,042

8,608

a

8369424.SQ.FTS.B

,

6

.688

%

,

5/10/26

....

764

678

a

8370251.SQ.FTS.B

,

4

.777

%

,

5/11/26

....

2,274

2,193

a

8370104.SQ.FTS.B

,

4

.78

%

,

5/11/26

.....

3,051

2,920

a

8371197.SQ.FTS.B

,

4

.78

%

,

5/11/26

.....

3,508

3,393

a

8371228.SQ.FTS.B

,

4

.78

%

,

5/11/26

.....

41,087

39,406

a

8370834.SQ.FTS.B

,

4

.781

%

,

5/11/26

....

7,611

7,458

a

8371126.SQ.FTS.B

,

4

.781

%

,

5/11/26

....

8,227

7,835

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8371464.SQ.FTS.B

,

4

.782

%

,

5/11/26

....

$

7,154

$

6,956

a

8370015.SQ.FTS.B

,

5

.112

%

,

5/11/26

....

2,517

2,404

a

8370539.SQ.FTS.B

,

5

.113

%

,

5/11/26

....

16,046

15,185

a

8370134.SQ.FTS.B

,

5

.409

%

,

5/11/26

....

4,066

3,937

a

8370894.SQ.FTS.B

,

5

.409

%

,

5/11/26

....

35,474

34,058

a

8370077.SQ.FTS.B

,

5

.622

%

,

5/11/26

....

492

456

a

8370126.SQ.FTS.B

,

5

.66

%

,

5/11/26

.....

705

376

a

8370751.SQ.FTS.B

,

5

.66

%

,

5/11/26

.....

8,862

8,497

a

8370671.SQ.FTS.B

,

5

.665

%

,

5/11/26

....

5,776

5,271

a

8370191.SQ.FTS.B

,

5

.675

%

,

5/11/26

....

1,400

1,346

a

8370877.SQ.FTS.B

,

5

.913

%

,

5/11/26

....

3,306

3,213

a

8370809.SQ.FTS.B

,

5

.917

%

,

5/11/26

....

2,839

2,777

a

8370081.SQ.FTS.B

,

6

.141

%

,

5/11/26

....

1,995

1,467

a

8370394.SQ.FTS.B

,

6

.151

%

,

5/11/26

....

6,480

4,426

a

8370467.SQ.FTS.B

,

6

.161

%

,

5/11/26

....

2,060

1,944

a

8371120.SQ.FTS.B

,

6

.166

%

,

5/11/26

....

314

311

a

8370308.SQ.FTS.B

,

6

.329

%

,

5/11/26

....

2,248

2,194

a

8370639.SQ.FTS.B

,

6

.33

%

,

5/11/26

.....

3,005

2,724

a

8370274.SQ.FTS.B

,

6

.419

%

,

5/11/26

....

2,079

2,013

a

8370499.SQ.FTS.B

,

6

.42

%

,

5/11/26

.....

2,941

2,873

a

8370432.SQ.FTS.B

,

6

.537

%

,

5/11/26

....

980

948

a

8370047.SQ.FTS.B

,

6

.557

%

,

5/11/26

....

2,023

1,805

a

8370830.SQ.FTS.B

,

6

.564

%

,

5/11/26

....

1,121

1,075

a

8371496.SQ.FTS.B

,

6

.673

%

,

5/11/26

....

9,936

9,484

a

8371842.SQ.FTS.B

,

4

.778

%

,

5/12/26

....

8,034

7,780

a

8371977.SQ.FTS.B

,

4

.78

%

,

5/12/26

.....

28,696

27,489

a

8372668.SQ.FTS.B

,

4

.78

%

,

5/12/26

.....

7,311

7,042

a

8374581.SQ.FTS.B

,

4

.78

%

,

5/12/26

.....

12,811

12,403

a

8374675.SQ.FTS.B

,

4

.781

%

,

5/12/26

....

8,140

8,018

a

8375123.SQ.FTS.B

,

4

.782

%

,

5/12/26

....

4,064

3,971

a

8375211.SQ.FTS.B

,

4

.783

%

,

5/12/26

....

5,188

5,068

a

8374333.SQ.FTS.B

,

4

.963

%

,

5/12/26

....

22

22

a

8374171.SQ.FTS.B

,

5

.108

%

,

5/12/26

....

2,045

1,992

a

8373130.SQ.FTS.B

,

5

.113

%

,

5/12/26

....

11,080

10,512

a

8374234.SQ.FTS.B

,

5

.114

%

,

5/12/26

....

4,122

3,985

a

8374348.SQ.FTS.B

,

5

.125

%

,

5/12/26

....

883

869

a

8373439.SQ.FTS.B

,

5

.409

%

,

5/12/26

....

54,289

51,073

a

8374369.SQ.FTS.B

,

5

.412

%

,

5/12/26

....

4,248

3,335

a

8372890.SQ.FTS.B

,

5

.627

%

,

5/12/26

....

1,866

1,670

a

8374485.SQ.FTS.B

,

5

.634

%

,

5/12/26

....

7,279

6,824

a

8375037.SQ.FTS.B

,

5

.636

%

,

5/12/26

....

2,964

2,757

a

8374389.SQ.FTS.B

,

5

.66

%

,

5/12/26

.....

507

499

a

8374205.SQ.FTS.B

,

5

.671

%

,

5/12/26

....

1,928

1,856

a

8372923.SQ.FTS.B

,

5

.906

%

,

5/12/26

....

885

854

a

8374285.SQ.FTS.B

,

6

.148

%

,

5/12/26

....

3,565

3,359

a

8373391.SQ.FTS.B

,

6

.155

%

,

5/12/26

....

2,250

2,190

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

56

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8374309.SQ.FTS.B

,

6

.317

%

,

5/12/26

....

$

701

$

663

a

8374402.SQ.FTS.B

,

6

.327

%

,

5/12/26

....

6,830

6,580

a

8374345.SQ.FTS.B

,

6

.352

%

,

5/12/26

....

159

156

a

8374122.SQ.FTS.B

,

6

.414

%

,

5/12/26

....

2,278

2,200

a

8374802.SQ.FTS.B

,

6

.421

%

,

5/12/26

....

16,358

14,064

a

8373313.SQ.FTS.B

,

6

.545

%

,

5/12/26

....

5,389

5,110

a

8371899.SQ.FTS.B

,

6

.547

%

,

5/12/26

....

8,314

8,052

a

8375032.SQ.FTS.B

,

6

.562

%

,

5/12/26

....

875

831

a

8372533.SQ.FTS.B

,

6

.671

%

,

5/12/26

....

1,486

1,443

a

8374385.SQ.FTS.B

,

6

.676

%

,

5/12/26

....

378

371

a

8373286.SQ.FTS.B

,

6

.681

%

,

5/12/26

....

2,431

1,985

a

8377495.SQ.FTS.B

,

4

.772

%

,

5/13/26

....

1,883

1,845

a

8376454.SQ.FTS.B

,

4

.779

%

,

5/13/26

....

6,991

6,727

a

8377257.SQ.FTS.B

,

4

.78

%

,

5/13/26

.....

2,382

2,329

a

8377471.SQ.FTS.B

,

4

.78

%

,

5/13/26

.....

3,587

3,480

a

8377793.SQ.FTS.B

,

4

.781

%

,

5/13/26

....

11,111

10,773

a

8378351.SQ.FTS.B

,

4

.781

%

,

5/13/26

....

16,634

15,906

a

8375733.SQ.FTS.B

,

4

.783

%

,

5/13/26

....

3,153

3,083

a

8375838.SQ.FTS.B

,

4

.784

%

,

5/13/26

....

4,692

4,534

a

8377522.SQ.FTS.B

,

4

.784

%

,

5/13/26

....

2,880

2,823

a

8375331.SQ.FTS.B

,

4

.957

%

,

5/13/26

....

6,146

4,172

a

8376705.SQ.FTS.B

,

5

.113

%

,

5/13/26

....

45,913

44,643

a

8378037.SQ.FTS.B

,

5

.114

%

,

5/13/26

....

32,707

31,946

a

8377457.SQ.FTS.B

,

5

.115

%

,

5/13/26

....

1,135

1,080

a

8378563.SQ.FTS.B

,

5

.409

%

,

5/13/26

....

10,987

10,708

a

8378467.SQ.FTS.B

,

5

.41

%

,

5/13/26

.....

4,088

4,030

a

8377287.SQ.FTS.B

,

5

.636

%

,

5/13/26

....

5,803

5,565

a

8377671.SQ.FTS.B

,

5

.66

%

,

5/13/26

.....

7,318

6,941

a

8377558.SQ.FTS.B

,

5

.664

%

,

5/13/26

....

4,679

4,547

a

8377654.SQ.FTS.B

,

6

.141

%

,

5/13/26

....

1,450

1,409

a

8377937.SQ.FTS.B

,

6

.151

%

,

5/13/26

....

5,569

5,411

a

8376607.SQ.FTS.B

,

6

.153

%

,

5/13/26

....

6,738

6,488

a

8377193.SQ.FTS.B

,

6

.154

%

,

5/13/26

....

5,013

4,895

a

8378529.SQ.FTS.B

,

6

.316

%

,

5/13/26

....

2,596

1,455

a

8376566.SQ.FTS.B

,

6

.407

%

,

5/13/26

....

610

598

a

8375451.SQ.FTS.B

,

6

.421

%

,

5/13/26

....

8,662

8,496

a

8377913.SQ.FTS.B

,

6

.541

%

,

5/13/26

....

1,716

1,680

a

8375936.SQ.FTS.B

,

6

.548

%

,

5/13/26

....

10,004

–

a

8384386.SQ.FTS.B

,

4

.777

%

,

5/14/26

....

5,967

5,721

a

8381194.SQ.FTS.B

,

4

.78

%

,

5/14/26

.....

4,812

4,671

a

8381872.SQ.FTS.B

,

4

.78

%

,

5/14/26

.....

3,234

3,130

a

8382948.SQ.FTS.B

,

4

.78

%

,

5/14/26

.....

4,530

4,374

a

8384453.SQ.FTS.B

,

4

.782

%

,

5/14/26

....

4,503

4,353

a

8381450.SQ.FTS.B

,

5

.115

%

,

5/14/26

....

7,532

7,144

a

8384150.SQ.FTS.B

,

5

.409

%

,

5/14/26

....

16,026

15,387

a

8381368.SQ.FTS.B

,

5

.66

%

,

5/14/26

.....

4,047

3,880

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8383021.SQ.FTS.B

,

5

.66

%

,

5/14/26

.....

$

51,933

$

39,733

a

8383512.SQ.FTS.B

,

5

.66

%

,

5/14/26

.....

33,387

30,147

a

8381974.SQ.FTS.B

,

5

.912

%

,

5/14/26

....

10,225

9,683

a

8381866.SQ.FTS.B

,

6

.146

%

,

5/14/26

....

1,686

1,204

a

8380688.SQ.FTS.B

,

6

.151

%

,

5/14/26

....

18,074

17,649

a

8381739.SQ.FTS.B

,

6

.154

%

,

5/14/26

....

5,956

5,528

a

8382146.SQ.FTS.B

,

6

.422

%

,

5/14/26

....

21,915

21,634

a

8381346.SQ.FTS.B

,

6

.426

%

,

5/14/26

....

1,267

1,101

a

8383939.SQ.FTS.B

,

6

.546

%

,

5/14/26

....

12,540

12,154

a

8384069.SQ.FTS.B

,

6

.548

%

,

5/14/26

....

3,862

3,737

a

8384326.SQ.FTS.B

,

6

.675

%

,

5/14/26

....

1,244

1,224

a

8382928.SQ.FTS.B

,

6

.691

%

,

5/14/26

....

1,109

632

a

8386601.SQ.FTS.B

,

4

.78

%

,

5/15/26

.....

18,796

16,505

a

8387711.SQ.FTS.B

,

4

.78

%

,

5/15/26

.....

1,641

1,546

a

8386063.SQ.FTS.B

,

4

.781

%

,

5/15/26

....

8,793

8,432

a

8387829.SQ.FTS.B

,

4

.781

%

,

5/15/26

....

14,225

12,060

a

8385601.SQ.FTS.B

,

4

.784

%

,

5/15/26

....

4,309

4,187

a

8387739.SQ.FTS.B

,

4

.785

%

,

5/15/26

....

3,738

3,643

a

8385980.SQ.FTS.B

,

4

.959

%

,

5/15/26

....

1,405

944

a

8384744.SQ.FTS.B

,

4

.965

%

,

5/15/26

....

903

47

a

8384495.SQ.FTS.B

,

5

.112

%

,

5/15/26

....

8,638

8,339

a

8384927.SQ.FTS.B

,

5

.112

%

,

5/15/26

....

6,449

6,278

a

8386310.SQ.FTS.B

,

5

.113

%

,

5/15/26

....

14,282

13,886

a

8387062.SQ.FTS.B

,

5

.114

%

,

5/15/26

....

13,320

12,858

a

8387244.SQ.FTS.B

,

5

.115

%

,

5/15/26

....

11,102

10,604

a

8385107.SQ.FTS.B

,

5

.117

%

,

5/15/26

....

4,651

4,397

a

8384758.SQ.FTS.B

,

5

.119

%

,

5/15/26

....

3,342

3,188

a

8385372.SQ.FTS.B

,

5

.41

%

,

5/15/26

.....

6,479

6,375

a

8386817.SQ.FTS.B

,

5

.66

%

,

5/15/26

.....

9,574

9,397

a

8384836.SQ.FTS.B

,

5

.667

%

,

5/15/26

....

3,860

3,515

a

8386006.SQ.FTS.B

,

5

.672

%

,

5/15/26

....

1,461

1,425

a

8387404.SQ.FTS.B

,

6

.351

%

,

5/15/26

....

342

332

a

8387503.SQ.FTS.B

,

6

.421

%

,

5/15/26

....

9,237

9,026

a

8384801.SQ.FTS.B

,

6

.537

%

,

5/15/26

....

2,526

1,543

a

8387058.SQ.FTS.B

,

6

.578

%

,

5/15/26

....

522

506

a

8385070.SQ.FTS.B

,

6

.681

%

,

5/15/26

....

1,089

995

a

8388609.SQ.FTS.B

,

4

.781

%

,

5/16/26

....

16,416

15,945

a

8387906.SQ.FTS.B

,

4

.782

%

,

5/16/26

....

1,498

1,456

a

8388025.SQ.FTS.B

,

4

.782

%

,

5/16/26

....

7,376

7,120

a

8388012.SQ.FTS.B

,

4

.962

%

,

5/16/26

....

476

443

a

8388161.SQ.FTS.B

,

5

.114

%

,

5/16/26

....

19,368

18,491

a

8388087.SQ.FTS.B

,

5

.646

%

,

5/16/26

....

1,008

967

a

8387991.SQ.FTS.B

,

5

.912

%

,

5/16/26

....

976

955

a

8388112.SQ.FTS.B

,

5

.914

%

,

5/16/26

....

1,896

1,830

a

8388354.SQ.FTS.B

,

5

.919

%

,

5/16/26

....

1,736

1,683

a

8388107.SQ.FTS.B

,

6

.157

%

,

5/16/26

....

682

657

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

57

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8388380.SQ.FTS.B

,

6

.422

%

,

5/16/26

....

$

15,313

$

14,963

a

8388126.SQ.FTS.B

,

6

.551

%

,

5/16/26

....

6,163

3,582

a

8389134.SQ.FTS.B

,

4

.78

%

,

5/17/26

.....

1,570

1,532

a

8389216.SQ.FTS.B

,

4

.95

%

,

5/17/26

.....

2,640

1,225

a

8389198.SQ.FTS.B

,

4

.96

%

,

5/17/26

.....

1,497

1,197

a

8389470.SQ.FTS.B

,

5

.114

%

,

5/17/26

....

33,804

28,418

a

8389234.SQ.FTS.B

,

5

.116

%

,

5/17/26

....

6,393

6,057

a

8389162.SQ.FTS.B

,

5

.12

%

,

5/17/26

.....

3,346

3,089

a

8389301.SQ.FTS.B

,

5

.398

%

,

5/17/26

....

917

895

a

8388857.SQ.FTS.B

,

5

.66

%

,

5/17/26

.....

33,666

26,308

a

8389417.SQ.FTS.B

,

5

.911

%

,

5/17/26

....

2,778

2,727

a

8389324.SQ.FTS.B

,

6

.419

%

,

5/17/26

....

6,724

6,525

a

8389413.SQ.FTS.B

,

6

.419

%

,

5/17/26

....

932

886

a

8389315.SQ.FTS.B

,

6

.692

%

,

5/17/26

....

815

767

a

8392377.SQ.FTS.B

,

4

.778

%

,

5/18/26

....

6,734

6,476

a

8392454.SQ.FTS.B

,

4

.779

%

,

5/18/26

....

6,855

6,722

a

8392956.SQ.FTS.B

,

4

.779

%

,

5/18/26

....

21,647

20,586

a

8390997.SQ.FTS.B

,

4

.78

%

,

5/18/26

.....

8,974

8,578

a

8391178.SQ.FTS.B

,

4

.78

%

,

5/18/26

.....

8,518

8,239

a

8391316.SQ.FTS.B

,

4

.78

%

,

5/18/26

.....

43,188

41,307

a

8392293.SQ.FTS.B

,

4

.78

%

,

5/18/26

.....

4,188

4,060

a

8393308.SQ.FTS.B

,

4

.78

%

,

5/18/26

.....

2,116

2,052

a

8391135.SQ.FTS.B

,

4

.787

%

,

5/18/26

....

2,008

1,955

a

8393391.SQ.FTS.B

,

4

.953

%

,

5/18/26

....

570

542

a

8391155.SQ.FTS.B

,

5

.104

%

,

5/18/26

....

2,196

2,124

a

8390289.SQ.FTS.B

,

5

.113

%

,

5/18/26

....

33,056

30,623

a

8392935.SQ.FTS.B

,

5

.122

%

,

5/18/26

....

1,296

1,250

a

8392209.SQ.FTS.B

,

5

.406

%

,

5/18/26

....

4,442

4,283

a

8392674.SQ.FTS.B

,

5

.66

%

,

5/18/26

.....

18,429

17,909

a

8392328.SQ.FTS.B

,

5

.664

%

,

5/18/26

....

5,274

5,055

a

8392943.SQ.FTS.B

,

5

.677

%

,

5/18/26

....

1,640

1,482

a

8393412.SQ.FTS.B

,

5

.909

%

,

5/18/26

....

4,192

4,097

a

8392094.SQ.FTS.B

,

5

.913

%

,

5/18/26

....

8,274

7,513

a

8390245.SQ.FTS.B

,

6

.311

%

,

5/18/26

....

981

930

a

8391994.SQ.FTS.B

,

6

.325

%

,

5/18/26

....

1,258

985

a

8392090.SQ.FTS.B

,

6

.327

%

,

5/18/26

....

990

857

a

8393363.SQ.FTS.B

,

6

.327

%

,

5/18/26

....

1,975

1,851

a

8392006.SQ.FTS.B

,

6

.415

%

,

5/18/26

....

2,186

427

a

8392026.SQ.FTS.B

,

6

.55

%

,

5/18/26

.....

5,118

4,619

a

8393213.SQ.FTS.B

,

6

.673

%

,

5/18/26

....

2,979

2,806

a

8394030.SQ.FTS.B

,

4

.769

%

,

5/19/26

....

916

880

a

8395196.SQ.FTS.B

,

4

.779

%

,

5/19/26

....

18,455

17,915

a

8393617.SQ.FTS.B

,

4

.78

%

,

5/19/26

.....

13,560

13,197

a

8394048.SQ.FTS.B

,

4

.78

%

,

5/19/26

.....

9,222

8,932

a

8394529.SQ.FTS.B

,

4

.78

%

,

5/19/26

.....

10,894

10,481

a

8395466.SQ.FTS.B

,

4

.78

%

,

5/19/26

.....

17,103

16,652

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8395846.SQ.FTS.B

,

4

.78

%

,

5/19/26

.....

$

18,855

$

18,337

a

8396193.SQ.FTS.B

,

4

.78

%

,

5/19/26

.....

39,185

34,502

a

8396735.SQ.FTS.B

,

5

.113

%

,

5/19/26

....

41,366

39,972

a

8394899.SQ.FTS.B

,

5

.409

%

,

5/19/26

....

17,144

16,655

a

8396118.SQ.FTS.B

,

5

.409

%

,

5/19/26

....

5,008

4,878

a

8396707.SQ.FTS.B

,

6

.141

%

,

5/19/26

....

662

652

a

8393583.SQ.FTS.B

,

6

.335

%

,

5/19/26

....

2,766

1,596

a

8393873.SQ.FTS.B

,

6

.404

%

,

5/19/26

....

733

696

a

8395183.SQ.FTS.B

,

6

.415

%

,

5/19/26

....

255

252

a

8394291.SQ.FTS.B

,

6

.417

%

,

5/19/26

....

2,008

1,968

a

8393879.SQ.FTS.B

,

6

.421

%

,

5/19/26

....

1,782

1,695

a

8394394.SQ.FTS.B

,

6

.421

%

,

5/19/26

....

1,703

1,679

a

8393891.SQ.FTS.B

,

6

.422

%

,

5/19/26

....

4,682

4,569

a

8394795.SQ.FTS.B

,

6

.543

%

,

5/19/26

....

3,082

2,841

a

8394865.SQ.FTS.B

,

6

.552

%

,

5/19/26

....

1,056

1,021

a

8396606.SQ.FTS.B

,

6

.673

%

,

5/19/26

....

4,579

4,451

a

8395768.SQ.FTS.B

,

6

.681

%

,

5/19/26

....

2,058

1,217

a

8398979.SQ.FTS.B

,

4

.777

%

,

5/20/26

....

6,108

5,919

a

8398647.SQ.FTS.B

,

4

.778

%

,

5/20/26

....

9,203

8,911

a

8400517.SQ.FTS.B

,

4

.778

%

,

5/20/26

....

10,626

10,289

a

8399347.SQ.FTS.B

,

4

.78

%

,

5/20/26

.....

5,974

5,791

a

8399504.SQ.FTS.B

,

4

.78

%

,

5/20/26

.....

37,763

35,579

a

8400307.SQ.FTS.B

,

4

.78

%

,

5/20/26

.....

3,605

3,383

a

8400963.SQ.FTS.B

,

4

.78

%

,

5/20/26

.....

5,709

5,528

a

8397850.SQ.FTS.B

,

4

.781

%

,

5/20/26

....

25,101

24,042

a

8398933.SQ.FTS.B

,

5

.107

%

,

5/20/26

....

1,486

1,453

a

8401027.SQ.FTS.B

,

5

.113

%

,

5/20/26

....

36,223

34,832

a

8399103.SQ.FTS.B

,

5

.115

%

,

5/20/26

....

16,942

13,720

a

8400621.SQ.FTS.B

,

5

.118

%

,

5/20/26

....

6,080

2,736

a

8399948.SQ.FTS.B

,

5

.123

%

,

5/20/26

....

2,171

2,098

a

8398559.SQ.FTS.B

,

5

.407

%

,

5/20/26

....

1,456

1,402

a

8397246.SQ.FTS.B

,

5

.409

%

,

5/20/26

....

23,760

22,911

a

8400330.SQ.FTS.B

,

5

.409

%

,

5/20/26

....

5,214

5,053

a

8398847.SQ.FTS.B

,

5

.667

%

,

5/20/26

....

4,057

3,676

a

8399971.SQ.FTS.B

,

6

.152

%

,

5/20/26

....

24,830

23,710

a

8400515.SQ.FTS.B

,

6

.289

%

,

5/20/26

....

95

91

a

8400323.SQ.FTS.B

,

6

.307

%

,

5/20/26

....

462

432

a

8400678.SQ.FTS.B

,

6

.327

%

,

5/20/26

....

6,301

6,186

a

8400919.SQ.FTS.B

,

6

.425

%

,

5/20/26

....

3,462

2,392

a

8400298.SQ.FTS.B

,

6

.551

%

,

5/20/26

....

1,220

723

a

8405836.SQ.FTS.B

,

4

.779

%

,

5/21/26

....

38,275

36,372

a

8404317.SQ.FTS.B

,

4

.78

%

,

5/21/26

.....

2,831

2,745

a

8404855.SQ.FTS.B

,

4

.78

%

,

5/21/26

.....

23,283

22,299

a

8405333.SQ.FTS.B

,

4

.78

%

,

5/21/26

.....

4,474

4,322

a

8406291.SQ.FTS.B

,

4

.78

%

,

5/21/26

.....

16,063

15,586

a

8405479.SQ.FTS.B

,

5

.102

%

,

5/21/26

....

1,307

1,285

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

58

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8404413.SQ.FTS.B

,

5

.112

%

,

5/21/26

....

$

9,079

$

8,956

a

8407535.SQ.FTS.B

,

5

.113

%

,

5/21/26

....

49,725

45,810

a

8403433.SQ.FTS.B

,

5

.409

%

,

5/21/26

....

39,169

36,982

a

8406513.SQ.FTS.B

,

5

.66

%

,

5/21/26

.....

25,170

24,544

a

8405494.SQ.FTS.B

,

5

.666

%

,

5/21/26

....

4,153

3,942

a

8405236.SQ.FTS.B

,

5

.676

%

,

5/21/26

....

1,262

1,227

a

8407050.SQ.FTS.B

,

5

.911

%

,

5/21/26

....

1,032

1,000

a

8407124.SQ.FTS.B

,

6

.149

%

,

5/21/26

....

2,098

2,050

a

8403353.SQ.FTS.B

,

6

.154

%

,

5/21/26

....

4,572

4,496

a

8407488.SQ.FTS.B

,

6

.327

%

,

5/21/26

....

8,020

7,859

a

8405532.SQ.FTS.B

,

6

.422

%

,

5/21/26

....

11,698

11,337

a

8404145.SQ.FTS.B

,

6

.679

%

,

5/21/26

....

1,131

1,090

a

8410750.SQ.FTS.B

,

4

.78

%

,

5/22/26

.....

7,874

7,531

a

8412470.SQ.FTS.B

,

4

.78

%

,

5/22/26

.....

3,029

2,916

a

8409080.SQ.FTS.B

,

4

.781

%

,

5/22/26

....

6,292

6,023

a

8409788.SQ.FTS.B

,

4

.781

%

,

5/22/26

....

15,692

15,315

a

8409455.SQ.FTS.B

,

4

.782

%

,

5/22/26

....

6,192

6,047

a

8409305.SQ.FTS.B

,

4

.783

%

,

5/22/26

....

5,539

5,398

a

8408933.SQ.FTS.B

,

5

.114

%

,

5/22/26

....

3,390

3,328

a

8409622.SQ.FTS.B

,

5

.121

%

,

5/22/26

....

1,407

1,369

a

8409664.SQ.FTS.B

,

5

.636

%

,

5/22/26

....

5,291

4,962

a

8412395.SQ.FTS.B

,

5

.66

%

,

5/22/26

.....

4,051

3,126

a

8411683.SQ.FTS.B

,

5

.912

%

,

5/22/26

....

35,683

34,312

a

8411494.SQ.FTS.B

,

6

.151

%

,

5/22/26

....

9,533

9,248

a

8412696.SQ.FTS.B

,

6

.152

%

,

5/22/26

....

22,532

21,871

a

8412603.SQ.FTS.B

,

6

.426

%

,

5/22/26

....

4,469

4,077

a

8413138.SQ.FTS.B

,

4

.777

%

,

5/23/26

....

6,274

6,079

a

8413717.SQ.FTS.B

,

4

.777

%

,

5/23/26

....

7,168

6,205

a

8413636.SQ.FTS.B

,

4

.778

%

,

5/23/26

....

4,759

4,637

a

8413463.SQ.FTS.B

,

4

.78

%

,

5/23/26

.....

6,867

6,442

a

8413790.SQ.FTS.B

,

4

.78

%

,

5/23/26

.....

2,425

2,341

a

8413337.SQ.FTS.B

,

4

.786

%

,

5/23/26

....

4,343

3,783

a

8413041.SQ.FTS.B

,

5

.909

%

,

5/23/26

....

6,157

5,960

a

8413379.SQ.FTS.B

,

5

.91

%

,

5/23/26

.....

3,417

3,338

a

8413442.SQ.FTS.B

,

5

.912

%

,

5/23/26

....

1,570

1,518

a

8413815.SQ.FTS.B

,

5

.916

%

,

5/23/26

....

4,824

4,621

a

8413538.SQ.FTS.B

,

6

.149

%

,

5/23/26

....

1,726

1,663

a

8413895.SQ.FTS.B

,

6

.151

%

,

5/23/26

....

16,803

16,324

a

8413307.SQ.FTS.B

,

6

.156

%

,

5/23/26

....

2,312

2,203

a

8413209.SQ.FTS.B

,

6

.318

%

,

5/23/26

....

855

837

a

8413126.SQ.FTS.B

,

6

.559

%

,

5/23/26

....

483

473

a

8414468.SQ.FTS.B

,

4

.778

%

,

5/24/26

....

3,285

3,196

a

8414393.SQ.FTS.B

,

4

.78

%

,

5/24/26

.....

4,632

4,472

a

8414502.SQ.FTS.B

,

4

.782

%

,

5/24/26

....

5,690

4,990

a

8414163.SQ.FTS.B

,

4

.784

%

,

5/24/26

....

2,581

2,430

a

8414546.SQ.FTS.B

,

5

.113

%

,

5/24/26

....

12,515

12,238

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8414189.SQ.FTS.B

,

5

.114

%

,

5/24/26

....

$

13,917

$

13,514

a

8416759.SQ.FTS.B

,

4

.78

%

,

5/25/26

.....

5,169

4,992

a

8416999.SQ.FTS.B

,

4

.78

%

,

5/25/26

.....

2,909

2,815

a

8417855.SQ.FTS.B

,

4

.78

%

,

5/25/26

.....

2,698

2,613

a

8418722.SQ.FTS.B

,

4

.78

%

,

5/25/26

.....

31,018

30,017

a

8417424.SQ.FTS.B

,

4

.782

%

,

5/25/26

....

5,625

5,407

a

8417818.SQ.FTS.B

,

4

.956

%

,

5/25/26

....

1,799

1,735

a

8414735.SQ.FTS.B

,

5

.108

%

,

5/25/26

....

3,028

2,909

a

8417904.SQ.FTS.B

,

5

.408

%

,

5/25/26

....

3,724

3,588

a

8419127.SQ.FTS.B

,

5

.408

%

,

5/25/26

....

31,966

30,418

a

8415856.SQ.FTS.B

,

5

.409

%

,

5/25/26

....

2,341

2,283

a

8417501.SQ.FTS.B

,

5

.409

%

,

5/25/26

....

14,724

14,328

a

8415981.SQ.FTS.B

,

5

.66

%

,

5/25/26

.....

1,556

1,517

a

8417970.SQ.FTS.B

,

6

.151

%

,

5/25/26

....

40,760

38,880

a

8416979.SQ.FTS.B

,

6

.152

%

,

5/25/26

....

1,271

1,136

a

8417269.SQ.FTS.B

,

6

.152

%

,

5/25/26

....

5,536

5,419

a

8416582.SQ.FTS.B

,

6

.153

%

,

5/25/26

....

5,405

5,249

a

8415316.SQ.FTS.B

,

6

.421

%

,

5/25/26

....

12,022

11,638

a

8417069.SQ.FTS.B

,

6

.424

%

,

5/25/26

....

5,150

4,989

a

8416140.SQ.FTS.B

,

6

.526

%

,

5/25/26

....

858

821

a

8417212.SQ.FTS.B

,

6

.535

%

,

5/25/26

....

2,610

378

a

8424509.SQ.FTS.B

,

4

.776

%

,

5/26/26

....

3,474

3,351

a

8421680.SQ.FTS.B

,

4

.78

%

,

5/26/26

.....

1,133

1,095

a

8421885.SQ.FTS.B

,

4

.78

%

,

5/26/26

.....

9,574

9,211

a

8422864.SQ.FTS.B

,

4

.78

%

,

5/26/26

.....

48,585

42,246

a

8424490.SQ.FTS.B

,

4

.78

%

,

5/26/26

.....

741

716

a

8422784.SQ.FTS.B

,

4

.783

%

,

5/26/26

....

5,405

5,241

a

8424227.SQ.FTS.B

,

4

.959

%

,

5/26/26

....

2,734

2,639

a

8424072.SQ.FTS.B

,

5

.111

%

,

5/26/26

....

11,933

11,074

a

8421698.SQ.FTS.B

,

5

.113

%

,

5/26/26

....

9,410

9,020

a

8423658.SQ.FTS.B

,

5

.113

%

,

5/26/26

....

6,754

6,423

a

8424293.SQ.FTS.B

,

5

.402

%

,

5/26/26

....

1,543

1,494

a

8421148.SQ.FTS.B

,

5

.409

%

,

5/26/26

....

2,582

2,504

a

8424750.SQ.FTS.B

,

5

.409

%

,

5/26/26

....

7,166

6,941

a

8424599.SQ.FTS.B

,

5

.411

%

,

5/26/26

....

8,343

7,908

a

8422220.SQ.FTS.B

,

5

.412

%

,

5/26/26

....

4,137

4,053

a

8424330.SQ.FTS.B

,

5

.637

%

,

5/26/26

....

7,463

6,961

a

8424559.SQ.FTS.B

,

5

.66

%

,

5/26/26

.....

2,069

2,013

a

8424693.SQ.FTS.B

,

5

.66

%

,

5/26/26

.....

2,729

2,612

a

8422688.SQ.FTS.B

,

5

.902

%

,

5/26/26

....

1,188

1,160

a

8422729.SQ.FTS.B

,

6

.155

%

,

5/26/26

....

2,743

2,666

a

8423748.SQ.FTS.B

,

6

.421

%

,

5/26/26

....

27,547

9,295

a

8421022.SQ.FTS.B

,

6

.548

%

,

5/26/26

....

8,286

7,504

a

8421165.SQ.FTS.B

,

6

.672

%

,

5/26/26

....

48,308

8,852

a

8423653.SQ.FTS.B

,

6

.709

%

,

5/26/26

....

442

426

a

8430503.SQ.FTS.B

,

4

.778

%

,

5/27/26

....

4,719

4,570

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

59

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8431541.SQ.FTS.B

,

4

.778

%

,

5/27/26

....

$

9,323

$

9,022

a

8427251.SQ.FTS.B

,

4

.78

%

,

5/27/26

.....

19,205

18,637

a

8427914.SQ.FTS.B

,

4

.78

%

,

5/27/26

.....

15,351

14,571

a

8428786.SQ.FTS.B

,

4

.78

%

,

5/27/26

.....

50,624

49,745

a

8427838.SQ.FTS.B

,

5

.106

%

,

5/27/26

....

1,275

1,261

a

8428311.SQ.FTS.B

,

5

.409

%

,

5/27/26

....

18,986

17,999

a

8430639.SQ.FTS.B

,

5

.66

%

,

5/27/26

.....

46,702

44,751

a

8431183.SQ.FTS.B

,

6

.151

%

,

5/27/26

....

18,535

18,241

a

8430034.SQ.FTS.B

,

6

.152

%

,

5/27/26

....

20,320

19,750

a

8429942.SQ.FTS.B

,

6

.42

%

,

5/27/26

.....

6,536

5,437

a

8430478.SQ.FTS.B

,

6

.539

%

,

5/27/26

....

1,857

1,570

a

8431830.SQ.FTS.B

,

4

.771

%

,

5/28/26

....

2,958

2,777

a

8431845.SQ.FTS.B

,

4

.779

%

,

5/28/26

....

10,599

10,241

a

8431687.SQ.FTS.B

,

4

.78

%

,

5/28/26

.....

8,570

8,156

a

8431924.SQ.FTS.B

,

4

.78

%

,

5/28/26

.....

8,649

8,308

a

8432202.SQ.FTS.B

,

4

.781

%

,

5/28/26

....

9,263

8,861

a

8432382.SQ.FTS.B

,

4

.783

%

,

5/28/26

....

2,020

1,941

a

8431767.SQ.FTS.B

,

4

.969

%

,

5/28/26

....

593

545

a

8432071.SQ.FTS.B

,

5

.111

%

,

5/28/26

....

6,650

6,437

a

8431771.SQ.FTS.B

,

5

.112

%

,

5/28/26

....

5,529

5,348

a

8432403.SQ.FTS.B

,

5

.113

%

,

5/28/26

....

8,533

8,205

a

8432458.SQ.FTS.B

,

5

.409

%

,

5/28/26

....

27,851

27,305

a

8432282.SQ.FTS.B

,

5

.66

%

,

5/28/26

.....

811

623

a

8432287.SQ.FTS.B

,

5

.911

%

,

5/28/26

....

10,152

7,802

a

8432172.SQ.FTS.B

,

6

.152

%

,

5/28/26

....

2,425

2,371

a

8432374.SQ.FTS.B

,

6

.314

%

,

5/28/26

....

590

560

a

8432335.SQ.FTS.B

,

6

.321

%

,

5/28/26

....

2,875

2,725

a

8431801.SQ.FTS.B

,

6

.332

%

,

5/28/26

....

1,972

1,304

a

8432017.SQ.FTS.B

,

6

.422

%

,

5/28/26

....

5,529

3,924

a

8431819.SQ.FTS.B

,

6

.545

%

,

5/28/26

....

1,376

1,328

a

8434417.SQ.FTS.B

,

4

.776

%

,

5/29/26

....

4,164

4,029

a

8432699.SQ.FTS.B

,

4

.78

%

,

5/29/26

.....

6,829

6,535

a

8435125.SQ.FTS.B

,

4

.78

%

,

5/29/26

.....

2,232

2,160

a

8433832.SQ.FTS.B

,

4

.781

%

,

5/29/26

....

7,604

7,361

a

8434140.SQ.FTS.B

,

4

.781

%

,

5/29/26

....

6,936

6,740

a

8433741.SQ.FTS.B

,

4

.79

%

,

5/29/26

.....

2,095

2,042

a

8435906.SQ.FTS.B

,

5

.113

%

,

5/29/26

....

5,944

5,700

a

8436420.SQ.FTS.B

,

5

.113

%

,

5/29/26

....

17,404

16,092

a

8434105.SQ.FTS.B

,

5

.406

%

,

5/29/26

....

1,050

1,018

a

8436179.SQ.FTS.B

,

5

.407

%

,

5/29/26

....

12,223

11,708

a

8435468.SQ.FTS.B

,

5

.408

%

,

5/29/26

....

24,497

23,313

a

8434676.SQ.FTS.B

,

5

.409

%

,

5/29/26

....

15,757

15,560

a

8432926.SQ.FTS.B

,

5

.414

%

,

5/29/26

....

4,462

4,079

a

8433471.SQ.FTS.B

,

5

.66

%

,

5/29/26

.....

2,057

1,968

a

8435292.SQ.FTS.B

,

5

.66

%

,

5/29/26

.....

11,928

11,430

a

8433561.SQ.FTS.B

,

5

.908

%

,

5/29/26

....

3,222

3,141

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8434522.SQ.FTS.B

,

5

.918

%

,

5/29/26

....

$

2,106

$

2,065

a

8433304.SQ.FTS.B

,

6

.322

%

,

5/29/26

....

3,101

2,913

a

8435832.SQ.FTS.B

,

6

.325

%

,

5/29/26

....

3,398

3,222

a

8434664.SQ.FTS.B

,

6

.69

%

,

5/29/26

.....

793

734

a

8437595.SQ.FTS.B

,

4

.776

%

,

5/30/26

....

5,488

5,217

a

8437003.SQ.FTS.B

,

4

.778

%

,

5/30/26

....

4,944

4,767

a

8437831.SQ.FTS.B

,

4

.78

%

,

5/30/26

.....

734

711

a

8437072.SQ.FTS.B

,

4

.781

%

,

5/30/26

....

23,713

22,477

a

8437899.SQ.FTS.B

,

4

.781

%

,

5/30/26

....

6,260

6,092

a

8437539.SQ.FTS.B

,

5

.111

%

,

5/30/26

....

3,724

3,620

a

8437839.SQ.FTS.B

,

5

.112

%

,

5/30/26

....

5,216

5,016

a

8437660.SQ.FTS.B

,

5

.41

%

,

5/30/26

.....

11,655

11,230

a

8437070.SQ.FTS.B

,

6

.344

%

,

5/30/26

....

542

514

a

8437422.SQ.FTS.B

,

6

.423

%

,

5/30/26

....

7,219

6,758

a

8438052.SQ.FTS.B

,

4

.78

%

,

6/01/26

.....

4,330

4,161

a

8438910.SQ.FTS.B

,

4

.78

%

,

6/01/26

.....

9,117

7,974

a

8437980.SQ.FTS.B

,

4

.783

%

,

6/01/26

....

3,930

3,759

a

8439017.SQ.FTS.B

,

4

.967

%

,

6/01/26

....

782

693

a

8438408.SQ.FTS.B

,

4

.984

%

,

6/01/26

....

580

475

a

8438167.SQ.FTS.B

,

5

.41

%

,

6/01/26

.....

8,157

7,906

a

8439025.SQ.FTS.B

,

5

.911

%

,

6/01/26

....

4,067

3,997

a

8438114.SQ.FTS.B

,

6

.145

%

,

6/01/26

....

1,820

1,736

a

8438154.SQ.FTS.B

,

6

.164

%

,

6/01/26

....

1,033

993

a

8438390.SQ.FTS.B

,

6

.164

%

,

6/01/26

....

457

449

a

8438501.SQ.FTS.B

,

6

.421

%

,

6/01/26

....

25,431

23,265

a

8438415.SQ.FTS.B

,

6

.545

%

,

6/01/26

....

5,967

1,616

a

8441445.SQ.FTS.B

,

4

.78

%

,

6/02/26

.....

5,309

5,123

a

8443850.SQ.FTS.B

,

4

.78

%

,

6/02/26

.....

25,912

24,559

a

8440815.SQ.FTS.B

,

4

.781

%

,

6/02/26

....

11,054

10,649

a

8443617.SQ.FTS.B

,

4

.782

%

,

6/02/26

....

5,899

5,669

a

8442233.SQ.FTS.B

,

4

.786

%

,

6/02/26

....

1,490

1,444

a

8441943.SQ.FTS.B

,

4

.955

%

,

6/02/26

....

1,952

1,915

a

8443128.SQ.FTS.B

,

5

.113

%

,

6/02/26

....

25,490

24,065

a

8441573.SQ.FTS.B

,

5

.114

%

,

6/02/26

....

12,959

12,672

a

8442655.SQ.FTS.B

,

5

.114

%

,

6/02/26

....

18,204

17,765

a

8443769.SQ.FTS.B

,

5

.412

%

,

6/02/26

....

2,358

2,297

a

8439598.SQ.FTS.B

,

5

.66

%

,

6/02/26

.....

17,873

16,754

a

8442115.SQ.FTS.B

,

5

.909

%

,

6/02/26

....

2,144

2,047

a

8441169.SQ.FTS.B

,

5

.911

%

,

6/02/26

....

8,978

8,688

a

8442301.SQ.FTS.B

,

5

.913

%

,

6/02/26

....

20,473

15,672

a

8442595.SQ.FTS.B

,

6

.16

%

,

6/02/26

.....

1,453

1,399

a

8440684.SQ.FTS.B

,

6

.326

%

,

6/02/26

....

2,519

2,300

a

8441924.SQ.FTS.B

,

6

.435

%

,

6/02/26

....

1,515

494

a

8442288.SQ.FTS.B

,

6

.534

%

,

6/02/26

....

1,598

1,470

a

8442638.SQ.FTS.B

,

6

.551

%

,

6/02/26

....

1,586

1,513

a

8439488.SQ.FTS.B

,

6

.667

%

,

6/02/26

....

1,910

1,823

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

60

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8445811.SQ.FTS.B

,

4

.776

%

,

6/03/26

....

$

7,683

$

6,163

a

8444517.SQ.FTS.B

,

4

.778

%

,

6/03/26

....

10,622

10,195

a

8446276.SQ.FTS.B

,

4

.779

%

,

6/03/26

....

7,344

7,097

a

8444406.SQ.FTS.B

,

4

.78

%

,

6/03/26

.....

6,971

6,687

a

8446021.SQ.FTS.B

,

4

.78

%

,

6/03/26

.....

9,453

8,943

a

8446230.SQ.FTS.B

,

4

.78

%

,

6/03/26

.....

2,372

2,068

a

8446538.SQ.FTS.B

,

4

.78

%

,

6/03/26

.....

1,294

1,265

a

8447540.SQ.FTS.B

,

4

.78

%

,

6/03/26

.....

4,129

4,026

a

8444735.SQ.FTS.B

,

4

.781

%

,

6/03/26

....

20,277

19,561

a

8445436.SQ.FTS.B

,

4

.782

%

,

6/03/26

....

8,952

8,672

a

8447514.SQ.FTS.B

,

4

.785

%

,

6/03/26

....

3,448

3,347

a

8444305.SQ.FTS.B

,

4

.786

%

,

6/03/26

....

3,541

3,075

a

8447129.SQ.FTS.B

,

4

.792

%

,

6/03/26

....

707

689

a

8446005.SQ.FTS.B

,

4

.941

%

,

6/03/26

....

886

140

a

8447075.SQ.FTS.B

,

5

.11

%

,

6/03/26

.....

3,562

3,281

a

8448159.SQ.FTS.B

,

5

.113

%

,

6/03/26

....

13,889

13,574

a

8448720.SQ.FTS.B

,

5

.114

%

,

6/03/26

....

29,634

27,938

a

8446740.SQ.FTS.B

,

5

.409

%

,

6/03/26

....

23,009

22,139

a

8448116.SQ.FTS.B

,

5

.416

%

,

6/03/26

....

3,616

2,868

a

8445278.SQ.FTS.B

,

5

.66

%

,

6/03/26

.....

5,496

5,213

a

8449134.SQ.FTS.B

,

5

.66

%

,

6/03/26

.....

2,865

2,786

a

8444651.SQ.FTS.B

,

5

.907

%

,

6/03/26

....

3,536

1,463

a

8446499.SQ.FTS.B

,

5

.912

%

,

6/03/26

....

3,479

3,339

a

8446421.SQ.FTS.B

,

6

.149

%

,

6/03/26

....

4,281

4,085

a

8447587.SQ.FTS.B

,

6

.151

%

,

6/03/26

....

36,241

35,134

a

8447294.SQ.FTS.B

,

6

.152

%

,

6/03/26

....

10,267

9,964

a

8446699.SQ.FTS.B

,

6

.312

%

,

6/03/26

....

894

860

a

8446552.SQ.FTS.B

,

6

.415

%

,

6/03/26

....

3,186

2,304

a

8447145.SQ.FTS.B

,

6

.421

%

,

6/03/26

....

8,022

7,361

a

8446457.SQ.FTS.B

,

6

.542

%

,

6/03/26

....

2,482

2,412

a

8446591.SQ.FTS.B

,

6

.671

%

,

6/03/26

....

6,056

5,121

a

8448136.SQ.FTS.B

,

6

.688

%

,

6/03/26

....

385

380

a

8451510.SQ.FTS.B

,

4

.769

%

,

6/04/26

....

2,061

1,936

a

8450587.SQ.FTS.B

,

4

.777

%

,

6/04/26

....

3,579

3,458

a

8452091.SQ.FTS.B

,

4

.777

%

,

6/04/26

....

3,132

2,930

a

8454287.SQ.FTS.B

,

4

.778

%

,

6/04/26

....

5,825

5,530

a

8449478.SQ.FTS.B

,

4

.78

%

,

6/04/26

.....

49,829

48,421

a

8452324.SQ.FTS.B

,

4

.78

%

,

6/04/26

.....

7,255

7,147

a

8452502.SQ.FTS.B

,

4

.78

%

,

6/04/26

.....

1,492

–

a

8454450.SQ.FTS.B

,

4

.78

%

,

6/04/26

.....

2,541

2,496

a

8451698.SQ.FTS.B

,

4

.782

%

,

6/04/26

....

5,281

5,012

a

8450813.SQ.FTS.B

,

4

.942

%

,

6/04/26

....

497

481

a

8451646.SQ.FTS.B

,

5

.106

%

,

6/04/26

....

2,488

2,413

a

8450698.SQ.FTS.B

,

5

.107

%

,

6/04/26

....

1,469

1,426

a

8450865.SQ.FTS.B

,

5

.111

%

,

6/04/26

....

1,784

1,739

a

8451000.SQ.FTS.B

,

5

.113

%

,

6/04/26

....

2,748

2,669

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8451879.SQ.FTS.B

,

5

.114

%

,

6/04/26

....

$

4,950

$

4,704

a

8453315.SQ.FTS.B

,

5

.407

%

,

6/04/26

....

5,934

5,732

a

8450735.SQ.FTS.B

,

5

.66

%

,

6/04/26

.....

812

702

a

8450926.SQ.FTS.B

,

5

.66

%

,

6/04/26

.....

1,619

1,556

a

8451965.SQ.FTS.B

,

5

.66

%

,

6/04/26

.....

10,055

9,545

a

8452546.SQ.FTS.B

,

5

.66

%

,

6/04/26

.....

37,558

36,140

a

8453728.SQ.FTS.B

,

5

.66

%

,

6/04/26

.....

65,577

59,777

a

8452512.SQ.FTS.B

,

5

.905

%

,

6/04/26

....

1,287

1,231

a

8449473.SQ.FTS.B

,

5

.912

%

,

6/04/26

....

1,063

736

a

8453472.SQ.FTS.B

,

5

.912

%

,

6/04/26

....

18,956

8,754

a

8452208.SQ.FTS.B

,

5

.914

%

,

6/04/26

....

4,934

4,712

a

8450823.SQ.FTS.B

,

6

.155

%

,

6/04/26

....

761

745

a

8454323.SQ.FTS.B

,

6

.329

%

,

6/04/26

....

8,457

7,425

a

8450845.SQ.FTS.B

,

6

.418

%

,

6/04/26

....

1,066

981

a

8453672.SQ.FTS.B

,

6

.418

%

,

6/04/26

....

2,649

2,559

a

8451169.SQ.FTS.B

,

6

.421

%

,

6/04/26

....

8,722

7,714

a

8449446.SQ.FTS.B

,

6

.511

%

,

6/04/26

....

656

594

a

8452962.SQ.FTS.B

,

6

.547

%

,

6/04/26

....

24,371

23,277

a

8452138.SQ.FTS.B

,

6

.669

%

,

6/04/26

....

2,594

2,518

a

8450753.SQ.FTS.B

,

6

.678

%

,

6/04/26

....

1,917

1,849

a

8458289.SQ.FTS.B

,

4

.773

%

,

6/05/26

....

2,962

2,811

a

8457630.SQ.FTS.B

,

4

.776

%

,

6/05/26

....

2,656

2,533

a

8457448.SQ.FTS.B

,

4

.78

%

,

6/05/26

.....

3,954

3,805

a

8457852.SQ.FTS.B

,

4

.78

%

,

6/05/26

.....

1,004

964

a

8459740.SQ.FTS.B

,

4

.78

%

,

6/05/26

.....

14,111

13,741

a

8459961.SQ.FTS.B

,

4

.78

%

,

6/05/26

.....

12,426

12,062

a

8458143.SQ.FTS.B

,

4

.783

%

,

6/05/26

....

4,487

4,389

a

8457754.SQ.FTS.B

,

4

.962

%

,

6/05/26

....

3,972

2,844

a

8458348.SQ.FTS.B

,

5

.111

%

,

6/05/26

....

8,286

7,999

a

8457662.SQ.FTS.B

,

5

.113

%

,

6/05/26

....

2,923

2,856

a

8456840.SQ.FTS.B

,

5

.114

%

,

6/05/26

....

37,964

35,824

a

8460154.SQ.FTS.B

,

5

.408

%

,

6/05/26

....

10,302

10,081

a

8458634.SQ.FTS.B

,

5

.409

%

,

6/05/26

....

10,147

7,990

a

8457805.SQ.FTS.B

,

5

.416

%

,

6/05/26

....

1,438

1,365

a

8459389.SQ.FTS.B

,

5

.629

%

,

6/05/26

....

1,388

1,324

a

8458275.SQ.FTS.B

,

5

.66

%

,

6/05/26

.....

996

959

a

8460836.SQ.FTS.B

,

5

.912

%

,

6/05/26

....

1,410

1,354

a

8457823.SQ.FTS.B

,

6

.132

%

,

6/05/26

....

1,380

1,244

a

8460986.SQ.FTS.B

,

6

.15

%

,

6/05/26

.....

21,665

21,217

a

8460864.SQ.FTS.B

,

6

.321

%

,

6/05/26

....

1,238

1,085

a

8457513.SQ.FTS.B

,

6

.324

%

,

6/05/26

....

982

944

a

8458815.SQ.FTS.B

,

6

.327

%

,

6/05/26

....

24,573

23,286

a

8459416.SQ.FTS.B

,

6

.421

%

,

6/05/26

....

31,932

29,350

a

8460369.SQ.FTS.B

,

6

.422

%

,

6/05/26

....

32,383

30,827

a

8457284.SQ.FTS.B

,

6

.672

%

,

6/05/26

....

11,028

10,192

a

8462948.SQ.FTS.B

,

4

.775

%

,

6/06/26

....

3,091

3,007

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

61

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8463795.SQ.FTS.B

,

4

.776

%

,

6/06/26

....

$

5,730

$

5,527

a

8461925.SQ.FTS.B

,

4

.78

%

,

6/06/26

.....

6,492

6,222

a

8462031.SQ.FTS.B

,

4

.78

%

,

6/06/26

.....

13,576

13,066

a

8463874.SQ.FTS.B

,

4

.78

%

,

6/06/26

.....

7,344

7,127

a

8465216.SQ.FTS.B

,

4

.78

%

,

6/06/26

.....

15,694

15,125

a

8465572.SQ.FTS.B

,

4

.781

%

,

6/06/26

....

30,088

29,105

a

8463083.SQ.FTS.B

,

5

.098

%

,

6/06/26

....

1,207

1,186

a

8462417.SQ.FTS.B

,

5

.116

%

,

6/06/26

....

5,524

5,333

a

8463597.SQ.FTS.B

,

5

.116

%

,

6/06/26

....

3,947

3,786

a

8463203.SQ.FTS.B

,

5

.636

%

,

6/06/26

....

492

478

a

8462603.SQ.FTS.B

,

5

.66

%

,

6/06/26

.....

8,648

8,482

a

8461852.SQ.FTS.B

,

5

.666

%

,

6/06/26

....

3,741

3,631

a

8464031.SQ.FTS.B

,

5

.912

%

,

6/06/26

....

64,920

62,794

a

8462537.SQ.FTS.B

,

6

.131

%

,

6/06/26

....

712

696

a

8463754.SQ.FTS.B

,

6

.421

%

,

6/06/26

....

3,323

3,105

a

8465207.SQ.FTS.B

,

6

.421

%

,

6/06/26

....

1,328

1,174

a

8466591.SQ.FTS.B

,

4

.78

%

,

6/07/26

.....

8,082

7,665

a

8466668.SQ.FTS.B

,

4

.782

%

,

6/07/26

....

2,353

2,274

a

8466459.SQ.FTS.B

,

5

.112

%

,

6/07/26

....

10,996

10,677

a

8465934.SQ.FTS.B

,

5

.66

%

,

6/07/26

.....

5,709

5,458

a

8466571.SQ.FTS.B

,

5

.66

%

,

6/07/26

.....

1,922

1,837

a

8466728.SQ.FTS.B

,

5

.66

%

,

6/07/26

.....

3,033

2,950

a

8465988.SQ.FTS.B

,

6

.423

%

,

6/07/26

....

9,155

6,647

a

8466076.SQ.FTS.B

,

6

.548

%

,

6/07/26

....

17,541

16,626

a

8466686.SQ.FTS.B

,

6

.564

%

,

6/07/26

....

1,180

1,128

a

8467623.SQ.FTS.B

,

4

.772

%

,

6/08/26

....

3,125

3,007

a

8467143.SQ.FTS.B

,

4

.78

%

,

6/08/26

.....

29,589

28,181

a

8466889.SQ.FTS.B

,

5

.115

%

,

6/08/26

....

3,856

3,767

a

8467099.SQ.FTS.B

,

5

.117

%

,

6/08/26

....

4,502

4,340

a

8467575.SQ.FTS.B

,

5

.638

%

,

6/08/26

....

2,452

2,317

a

8466937.SQ.FTS.B

,

6

.15

%

,

6/08/26

.....

19,465

14,800

a

8467416.SQ.FTS.B

,

6

.152

%

,

6/08/26

....

15,075

14,358

a

8466851.SQ.FTS.B

,

6

.155

%

,

6/08/26

....

4,073

3,062

a

8468179.SQ.FTS.B

,

4

.778

%

,

6/09/26

....

3,211

3,125

a

8471753.SQ.FTS.B

,

4

.778

%

,

6/09/26

....

7,179

6,901

a

8468218.SQ.FTS.B

,

4

.779

%

,

6/09/26

....

4,783

4,538

a

8470797.SQ.FTS.B

,

4

.779

%

,

6/09/26

....

40,655

39,702

a

8468739.SQ.FTS.B

,

4

.78

%

,

6/09/26

.....

5,065

4,891

a

8469466.SQ.FTS.B

,

4

.78

%

,

6/09/26

.....

7,273

7,061

a

8470094.SQ.FTS.B

,

4

.78

%

,

6/09/26

.....

27,779

27,068

a

8471359.SQ.FTS.B

,

4

.78

%

,

6/09/26

.....

4,937

4,775

a

8472044.SQ.FTS.B

,

4

.78

%

,

6/09/26

.....

5,344

5,169

a

8469116.SQ.FTS.B

,

4

.782

%

,

6/09/26

....

5,787

5,489

a

8472266.SQ.FTS.B

,

4

.783

%

,

6/09/26

....

7,210

6,738

a

8472011.SQ.FTS.B

,

4

.786

%

,

6/09/26

....

2,043

1,996

a

8469817.SQ.FTS.B

,

4

.955

%

,

6/09/26

....

4,564

4,391

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8470040.SQ.FTS.B

,

5

.11

%

,

6/09/26

.....

$

2,470

$

2,378

a

8470543.SQ.FTS.B

,

5

.11

%

,

6/09/26

.....

2,374

2,328

a

8468141.SQ.FTS.B

,

5

.113

%

,

6/09/26

....

3,822

3,210

a

8468391.SQ.FTS.B

,

5

.114

%

,

6/09/26

....

11,713

10,292

a

8469699.SQ.FTS.B

,

5

.115

%

,

6/09/26

....

6,629

6,417

a

8472118.SQ.FTS.B

,

5

.116

%

,

6/09/26

....

7,714

7,467

a

8469305.SQ.FTS.B

,

5

.119

%

,

6/09/26

....

3,333

3,254

a

8470584.SQ.FTS.B

,

5

.409

%

,

6/09/26

....

16,114

14,644

a

8469012.SQ.FTS.B

,

5

.415

%

,

6/09/26

....

3,263

3,181

a

8469972.SQ.FTS.B

,

5

.418

%

,

6/09/26

....

1,653

1,550

a

8470540.SQ.FTS.B

,

5

.622

%

,

6/09/26

....

295

287

a

8469946.SQ.FTS.B

,

5

.66

%

,

6/09/26

.....

8,022

6,268

a

8469649.SQ.FTS.B

,

5

.666

%

,

6/09/26

....

3,972

3,821

a

8470012.SQ.FTS.B

,

5

.669

%

,

6/09/26

....

3,002

2,844

a

8471427.SQ.FTS.B

,

5

.912

%

,

6/09/26

....

454

450

a

8469624.SQ.FTS.B

,

6

.142

%

,

6/09/26

....

1,340

1,308

a

8471337.SQ.FTS.B

,

6

.143

%

,

6/09/26

....

1,646

1,585

a

8471442.SQ.FTS.B

,

6

.15

%

,

6/09/26

.....

10,643

10,452

a

8468935.SQ.FTS.B

,

6

.157

%

,

6/09/26

....

1,594

1,505

a

8471714.SQ.FTS.B

,

6

.416

%

,

6/09/26

....

1,897

1,831

a

8471675.SQ.FTS.B

,

6

.419

%

,

6/09/26

....

2,072

1,991

a

8470076.SQ.FTS.B

,

6

.43

%

,

6/09/26

.....

3,323

956

a

8469414.SQ.FTS.B

,

6

.541

%

,

6/09/26

....

1,657

1,607

a

8472331.SQ.FTS.B

,

6

.544

%

,

6/09/26

....

1,018

972

a

8475031.SQ.FTS.B

,

4

.762

%

,

6/10/26

....

1,209

1,144

a

8472955.SQ.FTS.B

,

4

.78

%

,

6/10/26

.....

6,429

6,178

a

8474500.SQ.FTS.B

,

4

.78

%

,

6/10/26

.....

11,856

11,487

a

8475042.SQ.FTS.B

,

4

.78

%

,

6/10/26

.....

6,735

6,526

a

8475189.SQ.FTS.B

,

4

.78

%

,

6/10/26

.....

4,868

4,717

a

8476410.SQ.FTS.B

,

4

.78

%

,

6/10/26

.....

29,440

28,448

a

8473144.SQ.FTS.B

,

4

.781

%

,

6/10/26

....

2,468

2,431

a

8473553.SQ.FTS.B

,

4

.95

%

,

6/10/26

.....

3,749

1,897

a

8476264.SQ.FTS.B

,

4

.958

%

,

6/10/26

....

4,259

4,049

a

8473131.SQ.FTS.B

,

4

.97

%

,

6/10/26

.....

564

546

a

8473405.SQ.FTS.B

,

4

.981

%

,

6/10/26

....

573

551

a

8473711.SQ.FTS.B

,

5

.109

%

,

6/10/26

....

3,156

3,081

a

8474130.SQ.FTS.B

,

5

.119

%

,

6/10/26

....

2,872

2,819

a

8472721.SQ.FTS.B

,

5

.403

%

,

6/10/26

....

2,278

2,249

a

8476601.SQ.FTS.B

,

5

.407

%

,

6/10/26

....

5,298

5,103

a

8476755.SQ.FTS.B

,

5

.408

%

,

6/10/26

....

68,959

62,923

a

8474399.SQ.FTS.B

,

5

.409

%

,

6/10/26

....

815

771

a

8476656.SQ.FTS.B

,

5

.409

%

,

6/10/26

....

3,795

3,673

a

8472358.SQ.FTS.B

,

5

.41

%

,

6/10/26

.....

13,994

13,145

a

8475259.SQ.FTS.B

,

5

.41

%

,

6/10/26

.....

17,369

16,598

a

8473822.SQ.FTS.B

,

5

.66

%

,

6/10/26

.....

10,351

9,948

a

8475971.SQ.FTS.B

,

5

.66

%

,

6/10/26

.....

9,546

9,280

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

62

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8472666.SQ.FTS.B

,

5

.665

%

,

6/10/26

....

$

4,120

$

4,004

a

8473230.SQ.FTS.B

,

5

.668

%

,

6/10/26

....

3,693

3,372

a

8472612.SQ.FTS.B

,

5

.904

%

,

6/10/26

....

1,562

1,534

a

8476205.SQ.FTS.B

,

5

.904

%

,

6/10/26

....

2,222

2,134

a

8473436.SQ.FTS.B

,

5

.907

%

,

6/10/26

....

1,898

1,850

a

8472904.SQ.FTS.B

,

6

.138

%

,

6/10/26

....

2,082

1,595

a

8474805.SQ.FTS.B

,

6

.148

%

,

6/10/26

....

4,974

2,218

a

8475449.SQ.FTS.B

,

6

.151

%

,

6/10/26

....

27,520

26,645

a

8476180.SQ.FTS.B

,

6

.153

%

,

6/10/26

....

929

918

a

8474473.SQ.FTS.B

,

6

.164

%

,

6/10/26

....

1,475

1,370

a

8473371.SQ.FTS.B

,

6

.313

%

,

6/10/26

....

363

356

a

8474650.SQ.FTS.B

,

6

.328

%

,

6/10/26

....

5,277

5,114

a

8474264.SQ.FTS.B

,

6

.415

%

,

6/10/26

....

871

855

a

8476356.SQ.FTS.B

,

6

.417

%

,

6/10/26

....

6,706

2,438

a

8473287.SQ.FTS.B

,

6

.419

%

,

6/10/26

....

3,268

3,005

a

8474869.SQ.FTS.B

,

6

.423

%

,

6/10/26

....

11,797

7,415

a

8475152.SQ.FTS.B

,

6

.659

%

,

6/10/26

....

607

571

a

8474421.SQ.FTS.B

,

6

.673

%

,

6/10/26

....

4,403

3,754

a

8477520.SQ.FTS.B

,

4

.777

%

,

6/11/26

....

1,711

1,630

a

8479375.SQ.FTS.B

,

4

.78

%

,

6/11/26

.....

4,829

4,190

a

8477360.SQ.FTS.B

,

4

.781

%

,

6/11/26

....

7,771

7,453

a

8478806.SQ.FTS.B

,

4

.781

%

,

6/11/26

....

16,235

14,084

a

8478326.SQ.FTS.B

,

4

.783

%

,

6/11/26

....

6,107

5,871

a

8480033.SQ.FTS.B

,

4

.786

%

,

6/11/26

....

2,878

2,789

a

8479489.SQ.FTS.B

,

4

.935

%

,

6/11/26

....

467

415

a

8479443.SQ.FTS.B

,

4

.947

%

,

6/11/26

....

1,047

1,012

a

8478005.SQ.FTS.B

,

5

.112

%

,

6/11/26

....

5,095

4,938

a

8479502.SQ.FTS.B

,

5

.113

%

,

6/11/26

....

40,895

37,902

a

8480153.SQ.FTS.B

,

5

.114

%

,

6/11/26

....

60,960

58,991

a

8480087.SQ.FTS.B

,

5

.115

%

,

6/11/26

....

9,365

8,670

a

8477192.SQ.FTS.B

,

5

.408

%

,

6/11/26

....

8,690

8,366

a

8478473.SQ.FTS.B

,

5

.66

%

,

6/11/26

.....

11,269

10,844

a

8477091.SQ.FTS.B

,

5

.908

%

,

6/11/26

....

1,401

1,325

a

8479076.SQ.FTS.B

,

5

.912

%

,

6/11/26

....

12,884

12,013

a

8477572.SQ.FTS.B

,

6

.421

%

,

6/11/26

....

12,058

11,668

a

8480047.SQ.FTS.B

,

6

.422

%

,

6/11/26

....

4,387

3,887

a

8478143.SQ.FTS.B

,

6

.423

%

,

6/11/26

....

2,568

2,529

a

8478767.SQ.FTS.B

,

6

.428

%

,

6/11/26

....

1,194

1,049

a

8483288.SQ.FTS.B

,

4

.779

%

,

6/12/26

....

9,876

9,271

a

8483709.SQ.FTS.B

,

4

.78

%

,

6/12/26

.....

7,397

7,092

a

8484073.SQ.FTS.B

,

4

.78

%

,

6/12/26

.....

21,047

18,619

a

8485378.SQ.FTS.B

,

4

.78

%

,

6/12/26

.....

3,248

3,177

a

8486493.SQ.FTS.B

,

4

.78

%

,

6/12/26

.....

3,962

3,818

a

8486688.SQ.FTS.B

,

4

.78

%

,

6/12/26

.....

12,388

11,881

a

8486831.SQ.FTS.B

,

4

.78

%

,

6/12/26

.....

4,463

4,250

a

8487890.SQ.FTS.B

,

4

.78

%

,

6/12/26

.....

8,498

8,090

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8488001.SQ.FTS.B

,

5

.108

%

,

6/12/26

....

$

4,466

$

4,302

a

8486868.SQ.FTS.B

,

5

.114

%

,

6/12/26

....

19,989

18,868

a

8483503.SQ.FTS.B

,

5

.123

%

,

6/12/26

....

2,051

1,986

a

8484648.SQ.FTS.B

,

5

.409

%

,

6/12/26

....

8,916

8,347

a

8484770.SQ.FTS.B

,

5

.409

%

,

6/12/26

....

12,010

11,765

a

8487146.SQ.FTS.B

,

5

.409

%

,

6/12/26

....

34,146

33,383

a

8485536.SQ.FTS.B

,

5

.414

%

,

6/12/26

....

1,989

1,863

a

8485342.SQ.FTS.B

,

5

.632

%

,

6/12/26

....

3,965

3,169

a

8487992.SQ.FTS.B

,

5

.66

%

,

6/12/26

.....

763

730

a

8487993.SQ.FTS.B

,

5

.66

%

,

6/12/26

.....

534

515

a

8485196.SQ.FTS.B

,

5

.664

%

,

6/12/26

....

6,696

6,350

a

8485319.SQ.FTS.B

,

6

.138

%

,

6/12/26

....

727

711

a

8485027.SQ.FTS.B

,

6

.151

%

,

6/12/26

....

2,028

1,915

a

8485084.SQ.FTS.B

,

6

.42

%

,

6/12/26

.....

6,593

6,430

a

8485469.SQ.FTS.B

,

6

.423

%

,

6/12/26

....

4,364

4,153

a

8483938.SQ.FTS.B

,

6

.424

%

,

6/12/26

....

3,376

3,268

a

8486488.SQ.FTS.B

,

6

.529

%

,

6/12/26

....

327

323

a

8484608.SQ.FTS.B

,

6

.551

%

,

6/12/26

....

1,902

634

a

8485149.SQ.FTS.B

,

6

.553

%

,

6/12/26

....

3,065

2,960

a

8490332.SQ.FTS.B

,

4

.773

%

,

6/13/26

....

2,107

2,046

a

8492082.SQ.FTS.B

,

4

.779

%

,

6/13/26

....

10,795

9,559

a

8489644.SQ.FTS.B

,

5

.111

%

,

6/13/26

....

2,530

2,422

a

8490409.SQ.FTS.B

,

5

.113

%

,

6/13/26

....

43,926

36,833

a

8490984.SQ.FTS.B

,

5

.113

%

,

6/13/26

....

25,076

24,560

a

8492250.SQ.FTS.B

,

5

.113

%

,

6/13/26

....

9,120

8,415

a

8488322.SQ.FTS.B

,

5

.114

%

,

6/13/26

....

32,417

31,061

a

8489804.SQ.FTS.B

,

5

.114

%

,

6/13/26

....

4,140

3,965

a

8488146.SQ.FTS.B

,

5

.115

%

,

6/13/26

....

2,995

2,920

a

8490078.SQ.FTS.B

,

5

.115

%

,

6/13/26

....

12,097

11,227

a

8491807.SQ.FTS.B

,

5

.115

%

,

6/13/26

....

5,362

5,209

a

8489784.SQ.FTS.B

,

5

.126

%

,

6/13/26

....

1,572

1,509

a

8489904.SQ.FTS.B

,

5

.408

%

,

6/13/26

....

8,918

8,638

a

8491628.SQ.FTS.B

,

5

.41

%

,

6/13/26

.....

6,955

6,659

a

8489696.SQ.FTS.B

,

5

.413

%

,

6/13/26

....

3,065

2,968

a

8489082.SQ.FTS.B

,

5

.632

%

,

6/13/26

....

833

767

a

8491909.SQ.FTS.B

,

5

.911

%

,

6/13/26

....

10,107

9,148

a

8489107.SQ.FTS.B

,

6

.15

%

,

6/13/26

.....

14,169

13,122

a

8491602.SQ.FTS.B

,

6

.164

%

,

6/13/26

....

965

734

a

8490948.SQ.FTS.B

,

6

.168

%

,

6/13/26

....

682

669

a

8491584.SQ.FTS.B

,

6

.336

%

,

6/13/26

....

883

836

a

8490368.SQ.FTS.B

,

6

.409

%

,

6/13/26

....

824

809

a

8489878.SQ.FTS.B

,

6

.422

%

,

6/13/26

....

1,682

1,486

a

8491775.SQ.FTS.B

,

6

.537

%

,

6/13/26

....

1,697

1,618

a

8492413.SQ.FTS.B

,

6

.546

%

,

6/13/26

....

10,132

6,378

a

8491451.SQ.FTS.B

,

6

.671

%

,

6/13/26

....

9,251

2,529

a

8492032.SQ.FTS.B

,

6

.677

%

,

6/13/26

....

461

456

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

63

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8492838.SQ.FTS.B

,

4

.778

%

,

6/14/26

....

$

4,387

$

4,175

a

8492697.SQ.FTS.B

,

4

.78

%

,

6/14/26

.....

1,423

1,386

a

8492490.SQ.FTS.B

,

4

.781

%

,

6/14/26

....

12,598

12,138

a

8492723.SQ.FTS.B

,

4

.784

%

,

6/14/26

....

4,648

4,360

a

8492792.SQ.FTS.B

,

4

.786

%

,

6/14/26

....

3,727

3,582

a

8492780.SQ.FTS.B

,

4

.943

%

,

6/14/26

....

951

703

a

8492617.SQ.FTS.B

,

4

.963

%

,

6/14/26

....

1,823

1,624

a

8492886.SQ.FTS.B

,

5

.105

%

,

6/14/26

....

2,985

2,860

a

8493008.SQ.FTS.B

,

5

.107

%

,

6/14/26

....

3,110

3,011

a

8492634.SQ.FTS.B

,

5

.109

%

,

6/14/26

....

7,207

5,972

a

8492930.SQ.FTS.B

,

5

.119

%

,

6/14/26

....

3,831

3,696

a

8492759.SQ.FTS.B

,

5

.403

%

,

6/14/26

....

3,060

2,962

a

8492921.SQ.FTS.B

,

5

.636

%

,

6/14/26

....

424

414

a

8492439.SQ.FTS.B

,

5

.66

%

,

6/14/26

.....

2,714

2,490

a

8493256.SQ.FTS.B

,

5

.914

%

,

6/14/26

....

2,154

914

a

8492468.SQ.FTS.B

,

6

.679

%

,

6/14/26

....

2,231

2,059

a

8494050.SQ.FTS.B

,

4

.773

%

,

6/15/26

....

1,825

1,772

a

8493383.SQ.FTS.B

,

4

.778

%

,

6/15/26

....

15,818

13,979

a

8493820.SQ.FTS.B

,

4

.779

%

,

6/15/26

....

11,370

10,894

a

8493938.SQ.FTS.B

,

4

.779

%

,

6/15/26

....

12,313

11,660

a

8493272.SQ.FTS.B

,

4

.78

%

,

6/15/26

.....

9,460

9,103

a

8493778.SQ.FTS.B

,

5

.112

%

,

6/15/26

....

6,844

5,705

a

8493543.SQ.FTS.B

,

6

.422

%

,

6/15/26

....

21,436

20,410

a

8497265.SQ.FTS.B

,

4

.776

%

,

6/16/26

....

5,572

5,331

a

8497852.SQ.FTS.B

,

4

.779

%

,

6/16/26

....

9,524

9,155

a

8495997.SQ.FTS.B

,

4

.78

%

,

6/16/26

.....

1,598

1,541

a

8494630.SQ.FTS.B

,

4

.782

%

,

6/16/26

....

9,150

8,781

a

8498021.SQ.FTS.B

,

4

.782

%

,

6/16/26

....

5,921

5,664

a

8496616.SQ.FTS.B

,

4

.783

%

,

6/16/26

....

7,918

7,493

a

8497156.SQ.FTS.B

,

4

.953

%

,

6/16/26

....

3,635

807

a

8494875.SQ.FTS.B

,

5

.107

%

,

6/16/26

....

3,983

3,802

a

8497215.SQ.FTS.B

,

5

.111

%

,

6/16/26

....

4,308

4,198

a

8496040.SQ.FTS.B

,

5

.113

%

,

6/16/26

....

11,056

10,495

a

8496313.SQ.FTS.B

,

5

.113

%

,

6/16/26

....

4,177

3,861

a

8496754.SQ.FTS.B

,

5

.119

%

,

6/16/26

....

1,843

1,824

a

8495024.SQ.FTS.B

,

5

.409

%

,

6/16/26

....

10,555

10,158

a

8497353.SQ.FTS.B

,

5

.409

%

,

6/16/26

....

23,176

22,283

a

8496191.SQ.FTS.B

,

5

.632

%

,

6/16/26

....

8,275

4,454

a

8496371.SQ.FTS.B

,

5

.642

%

,

6/16/26

....

967

923

a

8496932.SQ.FTS.B

,

5

.66

%

,

6/16/26

.....

11,313

10,898

a

8495625.SQ.FTS.B

,

5

.912

%

,

6/16/26

....

25,029

10,751

a

8497110.SQ.FTS.B

,

6

.146

%

,

6/16/26

....

6,229

4,638

a

8495924.SQ.FTS.B

,

6

.149

%

,

6/16/26

....

4,041

3,876

a

8496403.SQ.FTS.B

,

6

.15

%

,

6/16/26

.....

8,523

8,261

a

8498105.SQ.FTS.B

,

6

.15

%

,

6/16/26

.....

51,421

47,799

a

8494585.SQ.FTS.B

,

6

.157

%

,

6/16/26

....

812

752

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8494604.SQ.FTS.B

,

6

.16

%

,

6/16/26

.....

$

1,811

$

1,780

a

8496885.SQ.FTS.B

,

6

.416

%

,

6/16/26

....

1,878

1,812

a

8497772.SQ.FTS.B

,

6

.545

%

,

6/16/26

....

5,743

4,895

a

8494628.SQ.FTS.B

,

6

.632

%

,

6/16/26

....

318

307

a

8499776.SQ.FTS.B

,

4

.713

%

,

6/17/26

....

2,762

2,646

a

8500859.SQ.FTS.B

,

4

.719

%

,

6/17/26

....

10,500

10,178

a

8501624.SQ.FTS.B

,

4

.719

%

,

6/17/26

....

14,875

14,466

a

8502304.SQ.FTS.B

,

4

.719

%

,

6/17/26

....

5,996

5,753

a

8502513.SQ.FTS.B

,

4

.779

%

,

6/17/26

....

14,989

14,224

a

8502732.SQ.FTS.B

,

4

.779

%

,

6/17/26

....

17,135

16,145

a

8498574.SQ.FTS.B

,

4

.78

%

,

6/17/26

.....

10,045

9,616

a

8499247.SQ.FTS.B

,

4

.78

%

,

6/17/26

.....

834

798

a

8499259.SQ.FTS.B

,

5

.031

%

,

6/17/26

....

10,342

9,872

a

8498755.SQ.FTS.B

,

5

.114

%

,

6/17/26

....

25,219

24,455

a

8501027.SQ.FTS.B

,

5

.114

%

,

6/17/26

....

30,117

28,934

a

8502261.SQ.FTS.B

,

5

.117

%

,

6/17/26

....

2,109

2,029

a

8500375.SQ.FTS.B

,

5

.344

%

,

6/17/26

....

4,150

4,095

a

8501484.SQ.FTS.B

,

5

.412

%

,

6/17/26

....

5,209

4,976

a

8501823.SQ.FTS.B

,

5

.912

%

,

6/17/26

....

27,181

26,326

a

8502428.SQ.FTS.B

,

5

.912

%

,

6/17/26

....

2,642

2,536

a

8500038.SQ.FTS.B

,

6

.1

%

,

6/17/26

......

19,425

18,310

a

8499199.SQ.FTS.B

,

6

.114

%

,

6/17/26

....

2,503

1,028

a

8501014.SQ.FTS.B

,

6

.137

%

,

6/17/26

....

913

882

a

8501384.SQ.FTS.B

,

6

.149

%

,

6/17/26

....

4,868

4,753

a

8499494.SQ.FTS.B

,

6

.153

%

,

6/17/26

....

9,127

8,606

a

8502386.SQ.FTS.B

,

6

.16

%

,

6/17/26

.....

2,163

2,113

a

8499180.SQ.FTS.B

,

6

.272

%

,

6/17/26

....

419

401

a

8498532.SQ.FTS.B

,

6

.289

%

,

6/17/26

....

2,234

2,199

a

8501621.SQ.FTS.B

,

6

.324

%

,

6/17/26

....

796

732

a

8498690.SQ.FTS.B

,

6

.333

%

,

6/17/26

....

1,654

1,567

a

8502495.SQ.FTS.B

,

6

.355

%

,

6/17/26

....

795

468

a

8501512.SQ.FTS.B

,

6

.418

%

,

6/17/26

....

6,520

6,006

a

8500546.SQ.FTS.B

,

6

.422

%

,

6/17/26

....

18,176

17,530

a

8500359.SQ.FTS.B

,

6

.456

%

,

6/17/26

....

384

376

a

8502934.SQ.FTS.B

,

6

.671

%

,

6/17/26

....

1,762

1,737

a

8505150.SQ.FTS.B

,

4

.717

%

,

6/18/26

....

19,599

18,839

a

8505874.SQ.FTS.B

,

4

.718

%

,

6/18/26

....

30,301

29,638

a

8503284.SQ.FTS.B

,

4

.78

%

,

6/18/26

.....

11,853

11,446

a

8505759.SQ.FTS.B

,

4

.78

%

,

6/18/26

.....

6,164

5,970

a

8504993.SQ.FTS.B

,

4

.781

%

,

6/18/26

....

7,162

6,889

a

8505423.SQ.FTS.B

,

4

.781

%

,

6/18/26

....

4,540

4,422

a

8504451.SQ.FTS.B

,

4

.788

%

,

6/18/26

....

2,299

2,200

a

8503947.SQ.FTS.B

,

5

.031

%

,

6/18/26

....

12,591

11,951

a

8506766.SQ.FTS.B

,

5

.114

%

,

6/18/26

....

15,835

13,139

a

8503470.SQ.FTS.B

,

5

.115

%

,

6/18/26

....

2,335

2,250

a

8503698.SQ.FTS.B

,

5

.346

%

,

6/18/26

....

9,664

9,353

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

64

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8504810.SQ.FTS.B

,

5

.409

%

,

6/18/26

....

$

9,219

$

8,944

a

8504326.SQ.FTS.B

,

5

.415

%

,

6/18/26

....

2,090

2,008

a

8503664.SQ.FTS.B

,

5

.625

%

,

6/18/26

....

1,577

1,276

a

8505401.SQ.FTS.B

,

5

.636

%

,

6/18/26

....

2,560

1,516

a

8505541.SQ.FTS.B

,

5

.66

%

,

6/18/26

.....

6,428

6,342

a

8504362.SQ.FTS.B

,

5

.667

%

,

6/18/26

....

4,355

3,975

a

8505851.SQ.FTS.B

,

5

.669

%

,

6/18/26

....

2,611

2,529

a

8503043.SQ.FTS.B

,

5

.914

%

,

6/18/26

....

7,365

7,007

a

8503458.SQ.FTS.B

,

6

.106

%

,

6/18/26

....

2,369

1,822

a

8506275.SQ.FTS.B

,

6

.421

%

,

6/18/26

....

38,373

37,001

a

8505708.SQ.FTS.B

,

6

.445

%

,

6/18/26

....

3,399

3,195

a

8505472.SQ.FTS.B

,

6

.551

%

,

6/18/26

....

4,046

3,865

a

8503520.SQ.FTS.B

,

6

.675

%

,

6/18/26

....

6,229

5,438

a

8509782.SQ.FTS.B

,

4

.718

%

,

6/19/26

....

15,514

15,111

a

8510852.SQ.FTS.B

,

4

.718

%

,

6/19/26

....

4,837

4,526

a

8512106.SQ.FTS.B

,

4

.78

%

,

6/19/26

.....

6,825

6,557

a

8512201.SQ.FTS.B

,

4

.78

%

,

6/19/26

.....

40,851

39,307

a

8513158.SQ.FTS.B

,

4

.78

%

,

6/19/26

.....

73,056

69,574

a

8512048.SQ.FTS.B

,

4

.781

%

,

6/19/26

....

2,830

2,710

a

8510637.SQ.FTS.B

,

4

.782

%

,

6/19/26

....

9,287

8,710

a

8512975.SQ.FTS.B

,

4

.936

%

,

6/19/26

....

18,256

13,635

a

8509437.SQ.FTS.B

,

5

.031

%

,

6/19/26

....

12,749

12,091

a

8512887.SQ.FTS.B

,

5

.115

%

,

6/19/26

....

3,807

3,688

a

8510880.SQ.FTS.B

,

5

.348

%

,

6/19/26

....

13,271

12,559

a

8510453.SQ.FTS.B

,

5

.35

%

,

6/19/26

.....

6,397

5,795

a

8510253.SQ.FTS.B

,

5

.409

%

,

6/19/26

....

5,071

4,953

a

8511119.SQ.FTS.B

,

5

.586

%

,

6/19/26

.....

1,945

1,769

a

8511595.SQ.FTS.B

,

5

.66

%

,

6/19/26

.....

1,923

1,820

a

8509720.SQ.FTS.B

,

5

.669

%

,

6/19/26

....

2,831

2,745

a

8510792.SQ.FTS.B

,

5

.904

%

,

6/19/26

....

2,277

2,206

a

8509640.SQ.FTS.B

,

5

.916

%

,

6/19/26

....

3,683

3,484

a

8510404.SQ.FTS.B

,

6

.084

%

,

6/19/26

....

1,193

1,109

a

8512928.SQ.FTS.B

,

6

.102

%

,

6/19/26

....

2,556

2,455

a

8512861.SQ.FTS.B

,

6

.442

%

,

6/19/26

....

1,979

1,930

a

8510619.SQ.FTS.B

,

6

.447

%

,

6/19/26

....

1,082

986

a

8510776.SQ.FTS.B

,

6

.447

%

,

6/19/26

....

762

743

a

8511659.SQ.FTS.B

,

6

.447

%

,

6/19/26

....

16,169

15,527

a

8514464.SQ.FTS.B

,

4

.716

%

,

6/20/26

....

2,444

2,172

a

8514047.SQ.FTS.B

,

4

.717

%

,

6/20/26

....

12,804

12,304

a

8514209.SQ.FTS.B

,

4

.717

%

,

6/20/26

....

9,147

8,783

a

8516928.SQ.FTS.B

,

4

.719

%

,

6/20/26

....

12,675

11,226

a

8513794.SQ.FTS.B

,

4

.77

%

,

6/20/26

.....

1,965

1,868

a

8517116.SQ.FTS.B

,

4

.778

%

,

6/20/26

....

3,183

1,732

a

8517643.SQ.FTS.B

,

4

.779

%

,

6/20/26

....

23,834

22,830

a

8516603.SQ.FTS.B

,

4

.78

%

,

6/20/26

.....

35,858

34,109

a

8514582.SQ.FTS.B

,

5

.025

%

,

6/20/26

....

1,680

1,617

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8514726.SQ.FTS.B

,

5

.031

%

,

6/20/26

....

$

17,929

$

17,263

a

8514541.SQ.FTS.B

,

5

.108

%

,

6/20/26

....

2,637

2,505

a

8517465.SQ.FTS.B

,

5

.597

%

,

6/20/26

....

20,025

19,285

a

8514420.SQ.FTS.B

,

5

.632

%

,

6/20/26

....

1,712

1,576

a

8515870.SQ.FTS.B

,

5

.66

%

,

6/20/26

.....

51,408

50,010

a

8517142.SQ.FTS.B

,

5

.912

%

,

6/20/26

....

38,229

36,782

a

8514625.SQ.FTS.B

,

6

.097

%

,

6/20/26

....

2,254

2,216

a

8517443.SQ.FTS.B

,

6

.286

%

,

6/20/26

....

2,169

2,120

a

8515165.SQ.FTS.B

,

6

.434

%

,

6/20/26

....

1,646

1,458

a

8515216.SQ.FTS.B

,

6

.439

%

,

6/20/26

....

1,722

1,665

a

8515843.SQ.FTS.B

,

6

.451

%

,

6/20/26

....

1,200

1,153

a

8517064.SQ.FTS.B

,

6

.453

%

,

6/20/26

....

4,342

3,938

a

8513835.SQ.FTS.B

,

6

.548

%

,

6/20/26

....

14,587

13,474

a

8514035.SQ.FTS.B

,

6

.564

%

,

6/20/26

....

1,195

1,125

a

8519587.SQ.FTS.B

,

4

.71

%

,

6/21/26

.....

2,715

2,601

a

8519279.SQ.FTS.B

,

4

.715

%

,

6/21/26

....

7,584

7,291

a

8519361.SQ.FTS.B

,

4

.719

%

,

6/21/26

....

13,378

12,864

a

8518904.SQ.FTS.B

,

4

.72

%

,

6/21/26

.....

7,981

7,629

a

8519620.SQ.FTS.B

,

4

.72

%

,

6/21/26

.....

4,936

4,726

a

8519814.SQ.FTS.B

,

4

.72

%

,

6/21/26

.....

3,273

3,201

a

8519236.SQ.FTS.B

,

4

.78

%

,

6/21/26

.....

7,103

6,280

a

8519518.SQ.FTS.B

,

5

.031

%

,

6/21/26

....

8,573

8,133

a

8519610.SQ.FTS.B

,

5

.031

%

,

6/21/26

....

1,013

849

a

8519029.SQ.FTS.B

,

5

.344

%

,

6/21/26

....

6,201

5,928

a

8519665.SQ.FTS.B

,

5

.597

%

,

6/21/26

....

11,989

11,658

a

8519217.SQ.FTS.B

,

5

.66

%

,

6/21/26

.....

2,238

2,133

a

8518824.SQ.FTS.B

,

5

.914

%

,

6/21/26

....

4,619

4,201

a

8519858.SQ.FTS.B

,

6

.103

%

,

6/21/26

....

3,831

3,771

a

8519508.SQ.FTS.B

,

6

.283

%

,

6/21/26

....

1,156

1,119

a

8518987.SQ.FTS.B

,

6

.287

%

,

6/21/26

....

3,248

3,108

a

8519343.SQ.FTS.B

,

6

.321

%

,

6/21/26

....

1,226

1,175

a

8518969.SQ.FTS.B

,

6

.442

%

,

6/21/26

....

2,395

2,294

a

8519097.SQ.FTS.B

,

6

.448

%

,

6/21/26

....

12,236

11,333

a

8520520.SQ.FTS.B

,

4

.708

%

,

6/22/26

....

2,588

2,482

a

8519932.SQ.FTS.B

,

4

.718

%

,

6/22/26

....

10,278

9,840

a

8520534.SQ.FTS.B

,

4

.719

%

,

6/22/26

....

14,953

14,301

a

8520842.SQ.FTS.B

,

4

.72

%

,

6/22/26

.....

8,827

8,472

a

8520354.SQ.FTS.B

,

4

.782

%

,

6/22/26

....

9,962

9,593

a

8520812.SQ.FTS.B

,

5

.029

%

,

6/22/26

....

3,575

3,462

a

8520088.SQ.FTS.B

,

5

.348

%

,

6/22/26

....

6,520

6,129

a

8520479.SQ.FTS.B

,

5

.351

%

,

6/22/26

....

4,289

4,089

a

8520778.SQ.FTS.B

,

5

.907

%

,

6/22/26

....

2,304

2,257

a

8520074.SQ.FTS.B

,

6

.094

%

,

6/22/26

....

1,798

1,724

a

8520043.SQ.FTS.B

,

6

.108

%

,

6/22/26

....

3,372

3,233

a

8520473.SQ.FTS.B

,

6

.175

%

,

6/22/26

....

584

575

a

8520145.SQ.FTS.B

,

6

.289

%

,

6/22/26

....

14,309

13,859

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

65

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8520689.SQ.FTS.B

,

6

.444

%

,

6/22/26

....

$

6,154

$

5,903

a

8520455.SQ.FTS.B

,

6

.461

%

,

6/22/26

....

1,488

1,429

a

8521149.SQ.FTS.B

,

4

.712

%

,

6/23/26

....

4,183

4,007

a

8521292.SQ.FTS.B

,

4

.717

%

,

6/23/26

....

6,899

6,690

a

8521495.SQ.FTS.B

,

4

.717

%

,

6/23/26

....

16,454

15,770

a

8523200.SQ.FTS.B

,

4

.717

%

,

6/23/26

....

1,536

1,489

a

8524195.SQ.FTS.B

,

4

.717

%

,

6/23/26

....

2,408

2,302

a

8524247.SQ.FTS.B

,

4

.717

%

,

6/23/26

....

20,467

16,791

a

8524754.SQ.FTS.B

,

4

.717

%

,

6/23/26

....

9,718

9,328

a

8524918.SQ.FTS.B

,

4

.717

%

,

6/23/26

....

4,373

4,159

a

8522004.SQ.FTS.B

,

4

.718

%

,

6/23/26

....

18,070

17,319

a

8522755.SQ.FTS.B

,

4

.72

%

,

6/23/26

.....

7,241

7,033

a

8524516.SQ.FTS.B

,

4

.777

%

,

6/23/26

....

8,692

8,310

a

8522248.SQ.FTS.B

,

4

.78

%

,

6/23/26

.....

23,858

22,987

a

8521233.SQ.FTS.B

,

4

.952

%

,

6/23/26

....

3,670

2,759

a

8523215.SQ.FTS.B

,

5

.031

%

,

6/23/26

....

13,144

12,528

a

8524064.SQ.FTS.B

,

5

.031

%

,

6/23/26

....

10,698

10,148

a

8522616.SQ.FTS.B

,

5

.115

%

,

6/23/26

....

11,350

10,420

a

8523616.SQ.FTS.B

,

5

.346

%

,

6/23/26

....

46,643

42,466

a

8522951.SQ.FTS.B

,

5

.348

%

,

6/23/26

....

9,811

7,736

a

8521845.SQ.FTS.B

,

5

.349

%

,

6/23/26

....

7,821

7,458

a

8521799.SQ.FTS.B

,

5

.618

%

,

6/23/26

....

1,381

1,253

a

8524691.SQ.FTS.B

,

5

.912

%

,

6/23/26

....

3,951

3,727

a

8523178.SQ.FTS.B

,

5

.913

%

,

6/23/26

....

2,588

2,501

a

8523501.SQ.FTS.B

,

6

.095

%

,

6/23/26

....

2,856

2,784

a

8524961.SQ.FTS.B

,

6

.104

%

,

6/23/26

....

4,919

3,844

a

8523063.SQ.FTS.B

,

6

.289

%

,

6/23/26

....

8,475

7,920

a

8521216.SQ.FTS.B

,

6

.31

%

,

6/23/26

.....

1,213

751

a

8524642.SQ.FTS.B

,

6

.442

%

,

6/23/26

....

1,522

1,494

a

8524470.SQ.FTS.B

,

6

.444

%

,

6/23/26

....

4,808

4,371

a

8523428.SQ.FTS.B

,

6

.445

%

,

6/23/26

....

2,286

2,247

a

8523155.SQ.FTS.B

,

6

.447

%

,

6/23/26

....

1,354

1,284

a

8521823.SQ.FTS.B

,

6

.46

%

,

6/23/26

.....

1,337

1,259

a

8525012.SQ.FTS.B

,

6

.463

%

,

6/23/26

....

1,665

1,423

a

8526057.SQ.FTS.B

,

4

.717

%

,

6/24/26

....

18,133

17,369

a

8527848.SQ.FTS.B

,

4

.717

%

,

6/24/26

....

38,805

37,069

a

8526421.SQ.FTS.B

,

4

.952

%

,

6/24/26

....

1,716

1,614

a

8525356.SQ.FTS.B

,

5

.031

%

,

6/24/26

....

24,733

24,075

a

8525732.SQ.FTS.B

,

5

.031

%

,

6/24/26

....

9,054

8,529

a

8526636.SQ.FTS.B

,

5

.031

%

,

6/24/26

....

18,399

17,284

a

8525266.SQ.FTS.B

,

5

.035

%

,

6/24/26

....

3,164

2,977

a

8526557.SQ.FTS.B

,

5

.601

%

,

6/24/26

....

3,214

3,148

a

8526003.SQ.FTS.B

,

5

.624

%

,

6/24/26

....

1,800

1,684

a

8526836.SQ.FTS.B

,

6

.101

%

,

6/24/26

....

32,635

31,789

a

8525872.SQ.FTS.B

,

6

.144

%

,

6/24/26

....

2,023

1,936

a

8526509.SQ.FTS.B

,

6

.434

%

,

6/24/26

....

1,428

1,367

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8525902.SQ.FTS.B

,

6

.445

%

,

6/24/26

....

$

4,735

$

4,046

a

8530736.SQ.FTS.B

,

4

.717

%

,

6/25/26

....

17,102

15,173

a

8530878.SQ.FTS.B

,

4

.719

%

,

6/25/26

....

14,764

14,088

a

8531051.SQ.FTS.B

,

4

.778

%

,

6/25/26

....

6,956

6,650

a

8530425.SQ.FTS.B

,

5

.347

%

,

6/25/26

....

30,538

29,339

a

8531017.SQ.FTS.B

,

5

.599

%

,

6/25/26

....

4,194

3,284

a

8530416.SQ.FTS.B

,

5

.606

%

,

6/25/26

....

794

751

a

8530320.SQ.FTS.B

,

6

.561

%

,

6/25/26

....

1,100

1,077

a

8532995.SQ.FTS.B

,

4

.716

%

,

6/26/26

....

8,825

8,629

a

8531707.SQ.FTS.B

,

4

.717

%

,

6/26/26

....

3,016

2,902

a

8531817.SQ.FTS.B

,

4

.717

%

,

6/26/26

....

6,421

6,032

a

8532244.SQ.FTS.B

,

4

.717

%

,

6/26/26

....

15,590

14,964

a

8534494.SQ.FTS.B

,

4

.717

%

,

6/26/26

....

56,507

54,991

a

8534229.SQ.FTS.B

,

4

.718

%

,

6/26/26

....

33,762

28,905

a

8533884.SQ.FTS.B

,

4

.719

%

,

6/26/26

....

14,237

13,570

a

8533163.SQ.FTS.B

,

4

.72

%

,

6/26/26

.....

11,887

9,283

a

8534024.SQ.FTS.B

,

4

.784

%

,

6/26/26

....

5,730

5,405

a

8531265.SQ.FTS.B

,

5

.598

%

,

6/26/26

....

29,773

28,332

a

8532557.SQ.FTS.B

,

5

.606

%

,

6/26/26

....

2,726

2,623

a

8533434.SQ.FTS.B

,

5

.66

%

,

6/26/26

.....

33,712

32,756

a

8532663.SQ.FTS.B

,

5

.664

%

,

6/26/26

....

7,946

7,412

a

8532163.SQ.FTS.B

,

5

.909

%

,

6/26/26

....

2,859

2,246

a

8534082.SQ.FTS.B

,

5

.91

%

,

6/26/26

.....

14,543

13,706

a

8533839.SQ.FTS.B

,

6

.099

%

,

6/26/26

....

2,335

2,274

a

8532853.SQ.FTS.B

,

6

.153

%

,

6/26/26

....

7,859

7,382

a

8533287.SQ.FTS.B

,

6

.446

%

,

6/26/26

....

13,730

12,414

a

8532818.SQ.FTS.B

,

6

.447

%

,

6/26/26

....

1,298

1,232

a

8531228.SQ.FTS.B

,

6

.46

%

,

6/26/26

.....

1,530

1,386

a

8537543.SQ.FTS.B

,

4

.717

%

,

6/27/26

....

84,931

79,011

a

8536496.SQ.FTS.B

,

4

.718

%

,

6/27/26

....

21,387

20,882

a

8536923.SQ.FTS.B

,

5

.408

%

,

6/27/26

....

10,517

7,817

a

8537331.SQ.FTS.B

,

5

.409

%

,

6/27/26

....

21,190

20,157

a

8535243.SQ.FTS.B

,

5

.598

%

,

6/27/26

....

45,189

42,997

a

8537100.SQ.FTS.B

,

6

.098

%

,

6/27/26

....

2,379

–

a

8535200.SQ.FTS.B

,

6

.102

%

,

6/27/26

....

2,257

2,026

a

8537208.SQ.FTS.B

,

6

.103

%

,

6/27/26

....

9,919

8,919

a

8536360.SQ.FTS.B

,

6

.446

%

,

6/27/26

....

8,129

4,976

a

8537028.SQ.FTS.B

,

6

.449

%

,

6/27/26

....

8,842

8,455

a

8537157.SQ.FTS.B

,

6

.452

%

,

6/27/26

....

2,235

2,197

a

8537125.SQ.FTS.B

,

6

.454

%

,

6/27/26

....

1,978

1,909

a

8536483.SQ.FTS.B

,

6

.484

%

,

6/27/26

....

515

498

a

8539432.SQ.FTS.B

,

4

.718

%

,

6/28/26

....

39,131

35,574

a

8540077.SQ.FTS.B

,

4

.718

%

,

6/28/26

....

8,556

8,221

a

8539337.SQ.FTS.B

,

4

.719

%

,

6/28/26

....

15,863

15,262

a

8540123.SQ.FTS.B

,

5

.031

%

,

6/28/26

....

6,135

5,838

a

8539549.SQ.FTS.B

,

5

.597

%

,

6/28/26

....

78,069

75,171

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

66

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8539545.SQ.FTS.B

,

5

.6

%

,

6/28/26

......

$

1,742

$

1,659

a

8540070.SQ.FTS.B

,

6

.297

%

,

6/28/26

....

501

488

a

8540630.SQ.FTS.B

,

4

.711

%

,

6/29/26

....

3,512

3,369

a

8540471.SQ.FTS.B

,

4

.717

%

,

6/29/26

....

27,802

25,292

a

8540459.SQ.FTS.B

,

4

.977

%

,

6/29/26

....

410

389

a

8540713.SQ.FTS.B

,

5

.347

%

,

6/29/26

....

41,850

35,030

a

8540351.SQ.FTS.B

,

5

.598

%

,

6/29/26

....

22,083

18,536

a

8540672.SQ.FTS.B

,

6

.105

%

,

6/29/26

....

4,637

4,453

a

8540292.SQ.FTS.B

,

6

.445

%

,

6/29/26

....

3,232

3,137

a

8540178.SQ.FTS.B

,

6

.447

%

,

6/29/26

....

11,513

11,169

a

8546553.SQ.FTS.B

,

4

.71

%

,

6/30/26

.....

1,880

1,803

a

8542285.SQ.FTS.B

,

4

.713

%

,

6/30/26

....

4,497

4,314

a

8542394.SQ.FTS.B

,

4

.717

%

,

6/30/26

....

845

812

a

8542458.SQ.FTS.B

,

4

.717

%

,

6/30/26

....

2,513

2,415

a

8545182.SQ.FTS.B

,

4

.717

%

,

6/30/26

....

14,723

13,399

a

8546070.SQ.FTS.B

,

4

.717

%

,

6/30/26

....

7,012

6,733

a

8546901.SQ.FTS.B

,

4

.717

%

,

6/30/26

....

8,528

8,188

a

8547300.SQ.FTS.B

,

4

.717

%

,

6/30/26

....

21,497

20,539

a

8547519.SQ.FTS.B

,

4

.717

%

,

6/30/26

....

8,264

7,953

a

8547757.SQ.FTS.B

,

4

.717

%

,

6/30/26

....

5,095

4,636

a

8546213.SQ.FTS.B

,

4

.718

%

,

6/30/26

....

19,595

18,719

a

8541385.SQ.FTS.B

,

4

.719

%

,

6/30/26

....

7,178

6,905

a

8546373.SQ.FTS.B

,

4

.719

%

,

6/30/26

....

11,178

10,677

a

8545554.SQ.FTS.B

,

4

.72

%

,

6/30/26

.....

10,404

9,989

a

8541695.SQ.FTS.B

,

4

.724

%

,

6/30/26

....

4,642

2,891

a

8546191.SQ.FTS.B

,

4

.726

%

,

6/30/26

....

3,211

3,059

a

8546179.SQ.FTS.B

,

4

.769

%

,

6/30/26

....

2,150

2,054

a

8547282.SQ.FTS.B

,

4

.938

%

,

6/30/26

....

1,591

923

a

8541549.SQ.FTS.B

,

5

.031

%

,

6/30/26

....

3,021

2,907

a

8542031.SQ.FTS.B

,

5

.031

%

,

6/30/26

....

5,019

4,842

a

8542112.SQ.FTS.B

,

5

.031

%

,

6/30/26

....

10,823

10,413

a

8545318.SQ.FTS.B

,

5

.031

%

,

6/30/26

....

6,140

5,917

a

8545449.SQ.FTS.B

,

5

.031

%

,

6/30/26

....

20,365

19,653

a

8546141.SQ.FTS.B

,

5

.031

%

,

6/30/26

....

5,805

5,522

a

8547883.SQ.FTS.B

,

5

.031

%

,

6/30/26

....

4,016

3,870

a

8541776.SQ.FTS.B

,

5

.033

%

,

6/30/26

....

4,931

4,752

a

8541898.SQ.FTS.B

,

5

.04

%

,

6/30/26

.....

2,675

2,560

a

8545786.SQ.FTS.B

,

5

.346

%

,

6/30/26

....

7,917

7,348

a

8547581.SQ.FTS.B

,

5

.346

%

,

6/30/26

....

17,642

16,950

a

8547955.SQ.FTS.B

,

5

.346

%

,

6/30/26

....

24,012

23,050

a

8545640.SQ.FTS.B

,

5

.598

%

,

6/30/26

....

3,620

3,410

a

8542406.SQ.FTS.B

,

5

.612

%

,

6/30/26

....

997

960

a

8541954.SQ.FTS.B

,

5

.63

%

,

6/30/26

.....

746

700

a

8544934.SQ.FTS.B

,

5

.66

%

,

6/30/26

.....

25,297

24,080

a

8545991.SQ.FTS.B

,

5

.907

%

,

6/30/26

....

3,738

3,432

a

8542002.SQ.FTS.B

,

6

.091

%

,

6/30/26

....

2,390

1,925

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8547134.SQ.FTS.B

,

6

.099

%

,

6/30/26

....

$

4,142

$

3,340

a

8541749.SQ.FTS.B

,

6

.101

%

,

6/30/26

....

1,755

1,647

a

8546779.SQ.FTS.B

,

6

.154

%

,

6/30/26

....

6,493

6,232

a

8545628.SQ.FTS.B

,

6

.284

%

,

6/30/26

....

1,548

1,470

a

8542376.SQ.FTS.B

,

6

.415

%

,

6/30/26

....

375

354

a

8545658.SQ.FTS.B

,

6

.415

%

,

6/30/26

....

1,326

1,237

a

8546059.SQ.FTS.B

,

6

.427

%

,

6/30/26

....

982

926

a

8547217.SQ.FTS.B

,

6

.441

%

,

6/30/26

....

1,648

1,586

a

8546583.SQ.FTS.B

,

6

.447

%

,

6/30/26

....

15,416

10,500

a

8547838.SQ.FTS.B

,

6

.447

%

,

6/30/26

....

1,888

1,461

a

8545679.SQ.FTS.B

,

6

.449

%

,

6/30/26

....

8,045

7,729

a

8541294.SQ.FTS.B

,

6

.45

%

,

6/30/26

.....

7,221

6,731

a

8547508.SQ.FTS.B

,

6

.452

%

,

6/30/26

....

1,101

1,053

a

8542402.SQ.FTS.B

,

6

.47

%

,

6/30/26

.....

1,294

919

a

8550463.SQ.FTS.B

,

4

.705

%

,

7/01/26

....

1,541

1,482

a

8550250.SQ.FTS.B

,

4

.717

%

,

7/01/26

....

8,358

8,026

a

8550526.SQ.FTS.B

,

4

.717

%

,

7/01/26

....

3,426

3,262

a

8550885.SQ.FTS.B

,

4

.717

%

,

7/01/26

....

21,035

19,127

a

8550272.SQ.FTS.B

,

5

.031

%

,

7/01/26

....

13,427

12,845

a

8550500.SQ.FTS.B

,

5

.031

%

,

7/01/26

....

1,328

1,271

a

8550588.SQ.FTS.B

,

5

.031

%

,

7/01/26

....

10,109

9,619

a

8550713.SQ.FTS.B

,

5

.348

%

,

7/01/26

....

5,304

5,060

a

8550328.SQ.FTS.B

,

5

.409

%

,

7/01/26

....

10,655

9,885

a

8550545.SQ.FTS.B

,

5

.601

%

,

7/01/26

....

7,929

7,466

a

8550382.SQ.FTS.B

,

5

.625

%

,

7/01/26

....

2,253

2,147

a

8550744.SQ.FTS.B

,

5

.913

%

,

7/01/26

....

26,990

22,205

a

8549978.SQ.FTS.B

,

6

.094

%

,

7/01/26

....

644

625

a

8550441.SQ.FTS.B

,

6

.095

%

,

7/01/26

....

5,045

4,729

a

8549991.SQ.FTS.B

,

6

.1

%

,

7/01/26

......

10,122

9,709

a

8550065.SQ.FTS.B

,

6

.1

%

,

7/01/26

......

22,832

22,075

a

8550455.SQ.FTS.B

,

6

.1

%

,

7/01/26

......

2,023

1,632

a

8550506.SQ.FTS.B

,

6

.105

%

,

7/01/26

....

2,991

2,869

a

8550390.SQ.FTS.B

,

6

.11

%

,

7/01/26

.....

1,743

1,668

a

8550485.SQ.FTS.B

,

6

.11

%

,

7/01/26

.....

980

950

a

8550479.SQ.FTS.B

,

6

.447

%

,

7/01/26

....

1,172

1,095

a

8550398.SQ.FTS.B

,

6

.449

%

,

7/01/26

....

11,942

9,230

a

8550630.SQ.FTS.B

,

6

.45

%

,

7/01/26

.....

6,672

6,379

a

8550675.SQ.FTS.B

,

6

.45

%

,

7/01/26

.....

5,890

5,633

a

8551202.SQ.FTS.B

,

4

.716

%

,

7/02/26

....

10,167

9,748

a

8551699.SQ.FTS.B

,

4

.717

%

,

7/02/26

....

6,440

5,681

a

8552265.SQ.FTS.B

,

4

.717

%

,

7/02/26

....

954

909

a

8552581.SQ.FTS.B

,

4

.717

%

,

7/02/26

....

10,995

10,554

a

8552680.SQ.FTS.B

,

4

.717

%

,

7/02/26

....

25,605

24,386

a

8553581.SQ.FTS.B

,

4

.717

%

,

7/02/26

....

20,525

19,651

a

8553381.SQ.FTS.B

,

4

.718

%

,

7/02/26

....

10,662

10,223

a

8553008.SQ.FTS.B

,

4

.719

%

,

7/02/26

....

13,094

12,578

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

67

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8551592.SQ.FTS.B

,

4

.722

%

,

7/02/26

....

$

5,766

$

5,523

a

8552476.SQ.FTS.B

,

4

.935

%

,

7/02/26

....

2,376

2,232

a

8552282.SQ.FTS.B

,

5

.031

%

,

7/02/26

....

16,026

15,260

a

8553164.SQ.FTS.B

,

5

.035

%

,

7/02/26

....

3,006

2,875

a

8551549.SQ.FTS.B

,

5

.346

%

,

7/02/26

....

1,688

1,611

a

8551424.SQ.FTS.B

,

5

.348

%

,

7/02/26

....

8,699

7,284

a

8551383.SQ.FTS.B

,

5

.637

%

,

7/02/26

....

968

919

a

8552501.SQ.FTS.B

,

5

.908

%

,

7/02/26

....

2,782

2,680

a

8552547.SQ.FTS.B

,

5

.912

%

,

7/02/26

....

5,506

4,538

a

8551862.SQ.FTS.B

,

6

.101

%

,

7/02/26

....

17,702

16,779

a

8552366.SQ.FTS.B

,

6

.289

%

,

7/02/26

....

7,082

6,726

a

8553935.SQ.FTS.B

,

6

.424

%

,

7/02/26

....

3,094

2,882

a

8551802.SQ.FTS.B

,

6

.44

%

,

7/02/26

.....

2,119

2,045

a

8553490.SQ.FTS.B

,

6

.444

%

,

7/02/26

....

10,677

9,337

a

8553825.SQ.FTS.B

,

6

.447

%

,

7/02/26

....

6,467

4,967

a

8552947.SQ.FTS.B

,

6

.449

%

,

7/02/26

....

6,037

5,737

a

8558540.SQ.FTS.B

,

4

.716

%

,

7/03/26

....

4,934

4,490

a

8556343.SQ.FTS.B

,

4

.717

%

,

7/03/26

....

10,221

9,817

a

8556550.SQ.FTS.B

,

4

.717

%

,

7/03/26

....

1,622

1,558

a

8557547.SQ.FTS.B

,

4

.717

%

,

7/03/26

....

57,479

55,261

a

8556788.SQ.FTS.B

,

4

.719

%

,

7/03/26

....

4,592

4,395

a

8556935.SQ.FTS.B

,

4

.719

%

,

7/03/26

....

5,616

5,394

a

8557214.SQ.FTS.B

,

4

.719

%

,

7/03/26

....

10,961

10,520

a

8556701.SQ.FTS.B

,

4

.72

%

,

7/03/26

.....

2,459

2,364

a

8556719.SQ.FTS.B

,

4

.72

%

,

7/03/26

.....

8,697

8,347

a

8555800.SQ.FTS.B

,

4

.722

%

,

7/03/26

....

4,988

4,749

a

8557132.SQ.FTS.B

,

4

.932

%

,

7/03/26

....

4,036

3,650

a

8557193.SQ.FTS.B

,

4

.935

%

,

7/03/26

....

1,131

342

a

8558254.SQ.FTS.B

,

4

.939

%

,

7/03/26

....

5,810

3,379

a

8558497.SQ.FTS.B

,

4

.952

%

,

7/03/26

....

2,054

1,195

a

8555629.SQ.FTS.B

,

5

.031

%

,

7/03/26

....

12,651

11,151

a

8556459.SQ.FTS.B

,

5

.031

%

,

7/03/26

....

5,260

5,074

a

8557966.SQ.FTS.B

,

5

.031

%

,

7/03/26

....

22,955

22,026

a

8558431.SQ.FTS.B

,

5

.031

%

,

7/03/26

....

3,599

3,442

a

8558364.SQ.FTS.B

,

5

.594

%

,

7/03/26

....

3,672

3,531

a

8555106.SQ.FTS.B

,

5

.597

%

,

7/03/26

....

47,724

45,781

a

8555861.SQ.FTS.B

,

5

.597

%

,

7/03/26

....

28,791

27,776

a

8556842.SQ.FTS.B

,

5

.597

%

,

7/03/26

....

8,914

8,562

a

8557290.SQ.FTS.B

,

5

.597

%

,

7/03/26

....

24,271

23,371

a

8558210.SQ.FTS.B

,

5

.605

%

,

7/03/26

....

2,587

2,487

a

8557950.SQ.FTS.B

,

5

.624

%

,

7/03/26

....

1,499

1,348

a

8556574.SQ.FTS.B

,

5

.911

%

,

7/03/26

....

12,675

11,620

a

8555525.SQ.FTS.B

,

5

.915

%

,

7/03/26

....

8,712

8,343

a

8558453.SQ.FTS.B

,

6

.11

%

,

7/03/26

.....

1,737

1,685

a

8557033.SQ.FTS.B

,

6

.448

%

,

7/03/26

....

12,272

11,783

a

8557009.SQ.FTS.B

,

6

.458

%

,

7/03/26

....

1,261

1,225

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8559173.SQ.FTS.B

,

4

.717

%

,

7/04/26

....

$

6,230

$

5,671

a

8559233.SQ.FTS.B

,

4

.717

%

,

7/04/26

....

5,069

4,869

a

8559486.SQ.FTS.B

,

4

.717

%

,

7/04/26

....

31,219

29,792

a

8560002.SQ.FTS.B

,

4

.717

%

,

7/04/26

....

3,104

2,989

a

8560042.SQ.FTS.B

,

4

.731

%

,

7/04/26

....

1,962

1,883

a

8559144.SQ.FTS.B

,

4

.935

%

,

7/04/26

....

2,144

1,939

a

8559060.SQ.FTS.B

,

5

.036

%

,

7/04/26

....

4,706

4,421

a

8558960.SQ.FTS.B

,

5

.597

%

,

7/04/26

....

6,700

6,487

a

8559935.SQ.FTS.B

,

5

.602

%

,

7/04/26

....

3,943

3,781

a

8559111.SQ.FTS.B

,

6

.455

%

,

7/04/26

....

1,876

1,790

a

8558936.SQ.FTS.B

,

6

.459

%

,

7/04/26

....

1,319

1,261

a

8560080.SQ.FTS.B

,

4

.712

%

,

7/05/26

....

4,064

3,895

a

8560151.SQ.FTS.B

,

4

.721

%

,

7/05/26

....

3,934

3,770

a

8560806.SQ.FTS.B

,

4

.721

%

,

7/05/26

....

6,754

6,487

a

8560397.SQ.FTS.B

,

5

.031

%

,

7/05/26

....

8,875

7,831

a

8560928.SQ.FTS.B

,

5

.598

%

,

7/05/26

....

19,916

16,760

a

8560725.SQ.FTS.B

,

5

.609

%

,

7/05/26

....

1,588

1,509

a

8560234.SQ.FTS.B

,

5

.914

%

,

7/05/26

....

7,555

7,156

a

8560754.SQ.FTS.B

,

6

.094

%

,

7/05/26

....

3,775

3,054

a

8560211.SQ.FTS.B

,

6

.122

%

,

7/05/26

....

792

770

a

8560520.SQ.FTS.B

,

6

.289

%

,

7/05/26

....

10,413

9,765

a

8560367.SQ.FTS.B

,

6

.3

%

,

7/05/26

......

937

878

a

8592543.SQ.FTS.B

,

4

.706

%

,

7/06/26

....

1,819

1,736

a

8590787.SQ.FTS.B

,

4

.719

%

,

7/06/26

....

12,511

11,944

a

8572345.SQ.FTS.B

,

4

.924

%

,

7/06/26

....

2,282

713

a

8561850.SQ.FTS.B

,

4

.939

%

,

7/06/26

....

3,978

1,243

a

8591863.SQ.FTS.B

,

4

.941

%

,

7/06/26

....

2,328

1,359

a

8586816.SQ.FTS.B

,

5

.031

%

,

7/06/26

....

19,906

19,033

a

8588607.SQ.FTS.B

,

5

.031

%

,

7/06/26

....

30,984

29,863

a

8591279.SQ.FTS.B

,

5

.105

%

,

7/06/26

....

2,354

2,268

a

8591316.SQ.FTS.B

,

5

.346

%

,

7/06/26

....

35,827

34,164

a

8591936.SQ.FTS.B

,

5

.346

%

,

7/06/26

....

24,281

23,294

a

8564616.SQ.FTS.B

,

5

.596

%

,

7/06/26

....

8,520

8,170

a

8592590.SQ.FTS.B

,

5

.613

%

,

7/06/26

....

1,810

1,702

a

8561613.SQ.FTS.B

,

5

.902

%

,

7/06/26

....

2,219

2,114

a

8590915.SQ.FTS.B

,

5

.912

%

,

7/06/26

....

22,443

21,476

a

8562871.SQ.FTS.B

,

5

.913

%

,

7/06/26

....

5,619

5,283

a

8590644.SQ.FTS.B

,

5

.914

%

,

7/06/26

....

11,280

10,795

a

8561563.SQ.FTS.B

,

6

.089

%

,

7/06/26

....

2,291

2,147

a

8561647.SQ.FTS.B

,

6

.095

%

,

7/06/26

....

1,344

1,089

a

8592669.SQ.FTS.B

,

6

.115

%

,

7/06/26

....

1,205

1,165

a

8561679.SQ.FTS.B

,

6

.283

%

,

7/06/26

....

784

764

a

8592616.SQ.FTS.B

,

6

.437

%

,

7/06/26

....

2,125

1,987

a

8581913.SQ.FTS.B

,

6

.448

%

,

7/06/26

....

5,330

4,683

a

8594589.SQ.FTS.B

,

4

.715

%

,

7/07/26

....

7,863

7,551

a

8596690.SQ.FTS.B

,

4

.716

%

,

7/07/26

....

3,517

3,377

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

68

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8596376.SQ.FTS.B

,

4

.717

%

,

7/07/26

....

$

1,631

$

1,560

a

8596716.SQ.FTS.B

,

4

.717

%

,

7/07/26

....

8,748

8,384

a

8596551.SQ.FTS.B

,

4

.718

%

,

7/07/26

....

2,897

2,785

a

8596592.SQ.FTS.B

,

4

.719

%

,

7/07/26

....

5,749

5,484

a

8593105.SQ.FTS.B

,

4

.72

%

,

7/07/26

.....

9,374

9,002

a

8594397.SQ.FTS.B

,

4

.722

%

,

7/07/26

....

4,709

4,513

a

8595182.SQ.FTS.B

,

4

.722

%

,

7/07/26

....

5,761

5,522

a

8592970.SQ.FTS.B

,

4

.73

%

,

7/07/26

.....

2,004

1,926

a

8596506.SQ.FTS.B

,

4

.937

%

,

7/07/26

....

3,259

2,866

a

8596524.SQ.FTS.B

,

4

.977

%

,

7/07/26

....

260

253

a

8592706.SQ.FTS.B

,

5

.031

%

,

7/07/26

....

7,106

6,848

a

8593246.SQ.FTS.B

,

5

.031

%

,

7/07/26

....

11,057

10,622

a

8594085.SQ.FTS.B

,

5

.031

%

,

7/07/26

....

7,508

7,196

a

8595025.SQ.FTS.B

,

5

.031

%

,

7/07/26

....

15,443

14,830

a

8596228.SQ.FTS.B

,

5

.031

%

,

7/07/26

....

15,533

14,850

a

8596384.SQ.FTS.B

,

5

.031

%

,

7/07/26

....

13,866

13,356

a

8596647.SQ.FTS.B

,

5

.031

%

,

7/07/26

....

4,478

4,301

a

8594714.SQ.FTS.B

,

5

.346

%

,

7/07/26

....

18,259

17,542

a

8595911.SQ.FTS.B

,

5

.347

%

,

7/07/26

....

31,057

28,783

a

8592933.SQ.FTS.B

,

5

.35

%

,

7/07/26

.....

2,040

1,945

a

8596541.SQ.FTS.B

,

5

.367

%

,

7/07/26

....

1,191

1,143

a

8595818.SQ.FTS.B

,

5

.593

%

,

7/07/26

....

3,260

2,743

a

8593786.SQ.FTS.B

,

5

.596

%

,

7/07/26

....

8,884

8,549

a

8593033.SQ.FTS.B

,

5

.597

%

,

7/07/26

....

3,018

2,541

a

8596210.SQ.FTS.B

,

5

.597

%

,

7/07/26

....

1,530

1,471

a

8594381.SQ.FTS.B

,

5

.599

%

,

7/07/26

....

1,068

696

a

8594664.SQ.FTS.B

,

5

.603

%

,

7/07/26

....

2,985

2,807

a

8593713.SQ.FTS.B

,

5

.633

%

,

7/07/26

....

3,238

3,078

a

8594500.SQ.FTS.B

,

5

.638

%

,

7/07/26

....

1,498

1,441

a

8594704.SQ.FTS.B

,

5

.66

%

,

7/07/26

.....

428

387

a

8595877.SQ.FTS.B

,

6

.094

%

,

7/07/26

....

3,537

3,351

a

8594229.SQ.FTS.B

,

6

.099

%

,

7/07/26

....

11,547

11,158

a

8594545.SQ.FTS.B

,

6

.101

%

,

7/07/26

....

2,979

2,859

a

8595498.SQ.FTS.B

,

6

.101

%

,

7/07/26

....

25,079

24,317

a

8595165.SQ.FTS.B

,

6

.102

%

,

7/07/26

....

1,039

974

a

8595231.SQ.FTS.B

,

6

.103

%

,

7/07/26

....

4,307

4,177

a

8593603.SQ.FTS.B

,

6

.447

%

,

7/07/26

....

4,282

4,064

a

8595305.SQ.FTS.B

,

6

.449

%

,

7/07/26

....

9,157

8,806

a

8594646.SQ.FTS.B

,

6

.466

%

,

7/07/26

....

952

898

a

8596823.SQ.FTS.B

,

4

.717

%

,

7/08/26

....

88,719

84,456

a

8598506.SQ.FTS.B

,

4

.717

%

,

7/08/26

....

19,372

18,393

a

8599234.SQ.FTS.B

,

4

.717

%

,

7/08/26

....

42,952

40,887

a

8599193.SQ.FTS.B

,

4

.718

%

,

7/08/26

....

9,785

9,385

a

8599640.SQ.FTS.B

,

4

.718

%

,

7/08/26

....

43,709

41,880

a

8599843.SQ.FTS.B

,

4

.718

%

,

7/08/26

....

37,844

36,089

a

8598057.SQ.FTS.B

,

4

.719

%

,

7/08/26

....

7,829

7,502

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8598140.SQ.FTS.B

,

4

.719

%

,

7/08/26

....

$

14,933

$

14,243

a

8599492.SQ.FTS.B

,

4

.946

%

,

7/08/26

....

505

486

a

8600084.SQ.FTS.B

,

5

.031

%

,

7/08/26

....

42,360

40,789

a

8599500.SQ.FTS.B

,

5

.597

%

,

7/08/26

....

19,333

18,590

a

8598454.SQ.FTS.B

,

5

.598

%

,

7/08/26

....

4,148

3,899

a

8598910.SQ.FTS.B

,

5

.624

%

,

7/08/26

....

659

618

a

8598692.SQ.FTS.B

,

5

.91

%

,

7/08/26

.....

8,745

8,328

a

8598763.SQ.FTS.B

,

6

.092

%

,

7/08/26

....

997

969

a

8598120.SQ.FTS.B

,

6

.096

%

,

7/08/26

....

916

890

a

8598287.SQ.FTS.B

,

6

.099

%

,

7/08/26

....

13,083

12,535

a

8599839.SQ.FTS.B

,

6

.429

%

,

7/08/26

....

512

496

a

8598913.SQ.FTS.B

,

6

.441

%

,

7/08/26

....

2,126

2,040

a

8598924.SQ.FTS.B

,

6

.447

%

,

7/08/26

....

23,168

22,230

a

8598776.SQ.FTS.B

,

6

.449

%

,

7/08/26

....

3,941

3,784

a

8598629.SQ.FTS.B

,

6

.454

%

,

7/08/26

....

4,130

2,992

a

8599629.SQ.FTS.B

,

6

.459

%

,

7/08/26

....

700

678

a

8602451.SQ.FTS.B

,

4

.715

%

,

7/09/26

....

5,306

5,098

a

8602655.SQ.FTS.B

,

4

.717

%

,

7/09/26

....

4,821

4,575

a

8605696.SQ.FTS.B

,

4

.718

%

,

7/09/26

....

41,771

40,009

a

8602566.SQ.FTS.B

,

4

.72

%

,

7/09/26

.....

9,313

8,863

a

8602530.SQ.FTS.B

,

4

.887

%

,

7/09/26

....

396

374

a

8604048.SQ.FTS.B

,

5

.016

%

,

7/09/26

....

1,284

1,236

a

8604707.SQ.FTS.B

,

5

.027

%

,

7/09/26

....

5,631

5,348

a

8603180.SQ.FTS.B

,

5

.031

%

,

7/09/26

....

9,979

9,607

a

8605021.SQ.FTS.B

,

5

.031

%

,

7/09/26

....

75,971

71,304

a

8603430.SQ.FTS.B

,

5

.343

%

,

7/09/26

....

3,722

3,569

a

8602665.SQ.FTS.B

,

5

.347

%

,

7/09/26

....

33,648

32,106

a

8602305.SQ.FTS.B

,

5

.348

%

,

7/09/26

....

11,801

11,139

a

8604930.SQ.FTS.B

,

5

.631

%

,

7/09/26

....

4,247

4,048

a

8602550.SQ.FTS.B

,

6

.096

%

,

7/09/26

....

1,356

1,318

a

8604098.SQ.FTS.B

,

6

.1

%

,

7/09/26

......

3,324

3,211

a

8604153.SQ.FTS.B

,

6

.101

%

,

7/09/26

....

52,281

49,492

a

8604756.SQ.FTS.B

,

6

.101

%

,

7/09/26

....

4,958

4,815

a

8602522.SQ.FTS.B

,

6

.124

%

,

7/09/26

....

726

704

a

8604749.SQ.FTS.B

,

6

.438

%

,

7/09/26

....

2,158

1,090

a

8603128.SQ.FTS.B

,

6

.447

%

,

7/09/26

....

1,240

1,193

a

8603494.SQ.FTS.B

,

6

.447

%

,

7/09/26

....

27,977

26,960

a

8606159.SQ.FTS.B

,

4

.717

%

,

7/10/26

....

6,311

6,050

a

8606732.SQ.FTS.B

,

4

.717

%

,

7/10/26

....

10,451

10,023

a

8606964.SQ.FTS.B

,

4

.717

%

,

7/10/26

....

6,747

6,402

a

8608944.SQ.FTS.B

,

4

.717

%

,

7/10/26

....

10,234

9,319

a

8609178.SQ.FTS.B

,

4

.717

%

,

7/10/26

....

16,796

16,083

a

8606334.SQ.FTS.B

,

4

.718

%

,

7/10/26

....

26,128

24,900

a

8607390.SQ.FTS.B

,

4

.718

%

,

7/10/26

....

32,128

30,570

a

8607111.SQ.FTS.B

,

4

.738

%

,

7/10/26

....

1,403

1,340

a

8607777.SQ.FTS.B

,

5

.031

%

,

7/10/26

....

26,917

25,601

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

69

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8608563.SQ.FTS.B

,

5

.031

%

,

7/10/26

....

$

47,721

$

42,151

a

8606254.SQ.FTS.B

,

5

.344

%

,

7/10/26

....

5,864

5,588

a

8607220.SQ.FTS.B

,

5

.349

%

,

7/10/26

....

11,801

9,929

a

8607336.SQ.FTS.B

,

5

.6

%

,

7/10/26

......

7,888

7,577

a

8609421.SQ.FTS.B

,

5

.604

%

,

7/10/26

....

3,369

3,228

a

8609105.SQ.FTS.B

,

5

.623

%

,

7/10/26

....

1,298

1,250

a

8607193.SQ.FTS.B

,

5

.628

%

,

7/10/26

....

755

702

a

8608501.SQ.FTS.B

,

5

.908

%

,

7/10/26

....

3,059

2,945

a

8608004.SQ.FTS.B

,

6

.101

%

,

7/10/26

....

41,501

40,233

a

8606031.SQ.FTS.B

,

6

.105

%

,

7/10/26

....

4,722

4,562

a

8609152.SQ.FTS.B

,

6

.293

%

,

7/10/26

....

2,659

2,493

a

8607126.SQ.FTS.B

,

6

.45

%

,

7/10/26

.....

6,684

5,072

a

8607207.SQ.FTS.B

,

6

.464

%

,

7/10/26

....

813

788

a

8609698.SQ.FTS.B

,

4

.708

%

,

7/11/26

....

3,069

2,920

a

8609535.SQ.FTS.B

,

4

.717

%

,

7/11/26

....

20,982

20,053

a

8610104.SQ.FTS.B

,

4

.717

%

,

7/11/26

....

14,501

13,814

a

8609479.SQ.FTS.B

,

4

.72

%

,

7/11/26

.....

5,595

5,331

a

8609811.SQ.FTS.B

,

4

.938

%

,

7/11/26

....

1,188

1,076

a

8609837.SQ.FTS.B

,

5

.031

%

,

7/11/26

....

14,337

13,802

a

8610022.SQ.FTS.B

,

5

.031

%

,

7/11/26

....

8,166

7,877

a

8610213.SQ.FTS.B

,

5

.031

%

,

7/11/26

....

9,422

8,329

a

8609456.SQ.FTS.B

,

5

.61

%

,

7/11/26

.....

1,610

1,527

a

8609821.SQ.FTS.B

,

6

.086

%

,

7/11/26

....

1,502

1,380

a

8609775.SQ.FTS.B

,

6

.1

%

,

7/11/26

......

1,263

1,220

a

8609764.SQ.FTS.B

,

6

.101

%

,

7/11/26

....

1,082

878

a

8609793.SQ.FTS.B

,

6

.101

%

,

7/11/26

....

2,376

2,275

a

8609953.SQ.FTS.B

,

6

.102

%

,

7/11/26

....

1,589

1,534

a

8609530.SQ.FTS.B

,

6

.267

%

,

7/11/26

....

703

677

a

8609977.SQ.FTS.B

,

6

.289

%

,

7/11/26

....

5,916

2,253

a

8610007.SQ.FTS.B

,

6

.432

%

,

7/11/26

....

1,299

1,240

a

8609710.SQ.FTS.B

,

6

.443

%

,

7/11/26

....

4,991

4,785

a

8609505.SQ.FTS.B

,

6

.444

%

,

7/11/26

....

5,511

5,261

a

8610849.SQ.FTS.B

,

4

.717

%

,

7/12/26

....

3,588

3,440

a

8610288.SQ.FTS.B

,

4

.941

%

,

7/12/26

....

1,327

1,277

a

8610580.SQ.FTS.B

,

5

.346

%

,

7/12/26

....

34,905

33,257

a

8610873.SQ.FTS.B

,

5

.599

%

,

7/12/26

....

22,768

21,576

a

8610332.SQ.FTS.B

,

5

.602

%

,

7/12/26

....

3,642

3,489

a

8610305.SQ.FTS.B

,

6

.101

%

,

7/12/26

....

4,067

3,307

a

8610430.SQ.FTS.B

,

6

.289

%

,

7/12/26

....

13,060

12,467

a

8610351.SQ.FTS.B

,

6

.445

%

,

7/12/26

....

5,707

5,526

a

8611826.SQ.FTS.B

,

4

.715

%

,

7/13/26

....

8,466

8,106

a

8612771.SQ.FTS.B

,

4

.715

%

,

7/13/26

....

6,492

6,186

a

8612978.SQ.FTS.B

,

4

.717

%

,

7/13/26

....

26,612

25,518

a

8613236.SQ.FTS.B

,

4

.717

%

,

7/13/26

....

27,756

26,445

a

8612236.SQ.FTS.B

,

4

.719

%

,

7/13/26

....

16,242

15,483

a

8614304.SQ.FTS.B

,

4

.722

%

,

7/13/26

....

4,222

4,055

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8612086.SQ.FTS.B

,

5

.031

%

,

7/13/26

....

$

6,684

$

6,445

a

8614575.SQ.FTS.B

,

5

.039

%

,

7/13/26

....

1,325

1,275

a

8611387.SQ.FTS.B

,

5

.346

%

,

7/13/26

....

18,249

17,543

a

8614161.SQ.FTS.B

,

5

.598

%

,

7/13/26

....

10,544

8,907

a

8613214.SQ.FTS.B

,

5

.601

%

,

7/13/26

....

1,628

1,564

a

8612500.SQ.FTS.B

,

5

.644

%

,

7/13/26

....

1,154

1,109

a

8612847.SQ.FTS.B

,

6

.1

%

,

7/13/26

......

14,281

13,789

a

8614417.SQ.FTS.B

,

6

.1

%

,

7/13/26

......

12,532

11,747

a

8613886.SQ.FTS.B

,

6

.101

%

,

7/13/26

....

32,325

26,314

a

8612056.SQ.FTS.B

,

6

.271

%

,

7/13/26

....

1,004

949

a

8612475.SQ.FTS.B

,

6

.297

%

,

7/13/26

....

1,631

1,113

a

8611363.SQ.FTS.B

,

6

.447

%

,

7/13/26

....

2,165

1,968

a

8613475.SQ.FTS.B

,

6

.447

%

,

7/13/26

....

18,380

17,869

a

8614290.SQ.FTS.B

,

6

.447

%

,

7/13/26

....

796

771

a

8614346.SQ.FTS.B

,

6

.447

%

,

7/13/26

....

6,905

6,098

a

8614402.SQ.FTS.B

,

6

.45

%

,

7/13/26

.....

1,963

1,873

a

8615481.SQ.FTS.B

,

4

.717

%

,

7/14/26

....

1,775

1,701

a

8616978.SQ.FTS.B

,

4

.717

%

,

7/14/26

....

51,147

49,107

a

8617917.SQ.FTS.B

,

4

.717

%

,

7/14/26

....

53,174

50,570

a

8617961.SQ.FTS.B

,

4

.717

%

,

7/14/26

....

15,211

14,589

a

8614783.SQ.FTS.B

,

4

.718

%

,

7/14/26

....

49,936

47,491

a

8615833.SQ.FTS.B

,

4

.718

%

,

7/14/26

....

25,970

24,814

a

8616856.SQ.FTS.B

,

4

.72

%

,

7/14/26

.....

9,932

9,463

a

8615533.SQ.FTS.B

,

4

.721

%

,

7/14/26

....

7,758

7,434

a

8616961.SQ.FTS.B

,

4

.721

%

,

7/14/26

....

2,616

2,510

a

8616204.SQ.FTS.B

,

5

.031

%

,

7/14/26

....

5,851

5,629

a

8615781.SQ.FTS.B

,

5

.343

%

,

7/14/26

....

3,803

3,599

a

8614646.SQ.FTS.B

,

5

.346

%

,

7/14/26

....

9,123

8,604

a

8616279.SQ.FTS.B

,

5

.349

%

,

7/14/26

....

9,999

9,531

a

8616468.SQ.FTS.B

,

5

.912

%

,

7/14/26

....

24,503

22,967

a

8617909.SQ.FTS.B

,

6

.439

%

,

7/14/26

....

599

581

a

8616430.SQ.FTS.B

,

6

.445

%

,

7/14/26

....

4,155

3,970

a

8617544.SQ.FTS.B

,

6

.447

%

,

7/14/26

....

53,058

37,010

a

8616687.SQ.FTS.B

,

6

.448

%

,

7/14/26

....

18,072

14,183

a

8616385.SQ.FTS.B

,

6

.453

%

,

7/14/26

....

2,882

2,794

a

8614612.SQ.FTS.B

,

6

.458

%

,

7/14/26

....

1,144

1,084

a

8620915.SQ.FTS.B

,

4

.717

%

,

7/15/26

....

86,593

82,517

a

8618415.SQ.FTS.B

,

4

.722

%

,

7/15/26

....

4,866

4,635

a

8618602.SQ.FTS.B

,

4

.73

%

,

7/15/26

.....

2,112

2,027

a

8621549.SQ.FTS.B

,

4

.939

%

,

7/15/26

....

3,615

2,922

a

8618231.SQ.FTS.B

,

5

.031

%

,

7/15/26

....

11,467

10,143

a

8618922.SQ.FTS.B

,

5

.031

%

,

7/15/26

....

25,392

23,807

a

8619310.SQ.FTS.B

,

5

.031

%

,

7/15/26

....

26,984

25,832

a

8621579.SQ.FTS.B

,

5

.031

%

,

7/15/26

....

6,682

6,427

a

8618520.SQ.FTS.B

,

5

.034

%

,

7/15/26

....

4,699

4,519

a

8618172.SQ.FTS.B

,

5

.352

%

,

7/15/26

....

4,554

4,339

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

70

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8618502.SQ.FTS.B

,

5

.59

%

,

7/15/26

.....

$

1,088

$

1,052

a

8619694.SQ.FTS.B

,

6

.1

%

,

7/15/26

......

34,915

33,699

a

8619301.SQ.FTS.B

,

6

.429

%

,

7/15/26

....

753

709

a

8620758.SQ.FTS.B

,

6

.445

%

,

7/15/26

....

7,725

7,266

a

8620862.SQ.FTS.B

,

6

.445

%

,

7/15/26

....

7,081

4,958

a

8618162.SQ.FTS.B

,

6

.447

%

,

7/15/26

....

2,351

2,183

a

8618643.SQ.FTS.B

,

6

.447

%

,

7/15/26

....

5,992

5,800

a

8620712.SQ.FTS.B

,

6

.449

%

,

7/15/26

....

2,522

2,409

a

8618596.SQ.FTS.B

,

6

.458

%

,

7/15/26

....

1,113

1,055

a

8627969.SQ.FTS.B

,

4

.715

%

,

7/16/26

....

4,404

4,172

a

8626952.SQ.FTS.B

,

4

.717

%

,

7/16/26

....

5,233

5,018

a

8626751.SQ.FTS.B

,

4

.718

%

,

7/16/26

....

23,480

22,466

a

8626410.SQ.FTS.B

,

4

.721

%

,

7/16/26

....

7,162

6,865

a

8626715.SQ.FTS.B

,

4

.73

%

,

7/16/26

.....

2,230

2,135

a

8627926.SQ.FTS.B

,

4

.946

%

,

7/16/26

....

1,891

1,143

a

8626303.SQ.FTS.B

,

5

.026

%

,

7/16/26

....

4,254

4,043

a

8624618.SQ.FTS.B

,

5

.031

%

,

7/16/26

....

101,601

89,883

a

8626384.SQ.FTS.B

,

5

.031

%

,

7/16/26

....

1,354

1,302

a

8628078.SQ.FTS.B

,

5

.033

%

,

7/16/26

....

5,533

5,280

a

8627066.SQ.FTS.B

,

5

.346

%

,

7/16/26

....

13,705

13,154

a

8627799.SQ.FTS.B

,

5

.346

%

,

7/16/26

....

6,082

5,843

a

8627043.SQ.FTS.B

,

5

.635

%

,

7/16/26

....

2,130

1,723

a

8626995.SQ.FTS.B

,

5

.906

%

,

7/16/26

....

4,565

3,828

a

8626051.SQ.FTS.B

,

5

.909

%

,

7/16/26

....

7,352

7,004

a

8626163.SQ.FTS.B

,

5

.912

%

,

7/16/26

....

4,526

4,282

a

8627581.SQ.FTS.B

,

6

.102

%

,

7/16/26

....

13,777

12,626

a

8627231.SQ.FTS.B

,

6

.113

%

,

7/16/26

....

1,740

1,685

a

8626666.SQ.FTS.B

,

6

.289

%

,

7/16/26

....

622

538

a

8626706.SQ.FTS.B

,

6

.299

%

,

7/16/26

....

960

917

a

8627745.SQ.FTS.B

,

6

.443

%

,

7/16/26

....

4,469

3,943

a

8626555.SQ.FTS.B

,

6

.446

%

,

7/16/26

....

6,169

5,902

a

8627242.SQ.FTS.B

,

6

.446

%

,

7/16/26

....

19,572

18,824

a

8626207.SQ.FTS.B

,

6

.447

%

,

7/16/26

....

10,583

9,749

a

8630391.SQ.FTS.B

,

4

.717

%

,

7/17/26

....

3,789

3,631

a

8631430.SQ.FTS.B

,

4

.72

%

,

7/17/26

.....

9,560

9,103

a

8630477.SQ.FTS.B

,

4

.724

%

,

7/17/26

....

2,230

2,112

a

8628331.SQ.FTS.B

,

5

.031

%

,

7/17/26

....

53,630

51,393

a

8630033.SQ.FTS.B

,

5

.346

%

,

7/17/26

....

31,835

30,107

a

8630523.SQ.FTS.B

,

5

.346

%

,

7/17/26

....

14,277

13,206

a

8631297.SQ.FTS.B

,

5

.347

%

,

7/17/26

....

5,117

4,899

a

8629935.SQ.FTS.B

,

5

.348

%

,

7/17/26

....

6,479

6,169

a

8631607.SQ.FTS.B

,

5

.595

%

,

7/17/26

....

9,626

9,034

a

8629530.SQ.FTS.B

,

5

.597

%

,

7/17/26

....

27,686

26,702

a

8631766.SQ.FTS.B

,

5

.912

%

,

7/17/26

....

39,620

37,679

a

8631516.SQ.FTS.B

,

5

.915

%

,

7/17/26

....

8,696

7,304

a

8630706.SQ.FTS.B

,

6

.101

%

,

7/17/26

....

57,352

46,768

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8630007.SQ.FTS.B

,

6

.115

%

,

7/17/26

....

$

1,220

$

1,181

a

8629897.SQ.FTS.B

,

6

.289

%

,

7/17/26

....

4,609

4,450

a

8630019.SQ.FTS.B

,

6

.289

%

,

7/17/26

....

558

539

a

8632346.SQ.FTS.B

,

4

.717

%

,

7/18/26

....

20,618

19,681

a

8631952.SQ.FTS.B

,

4

.719

%

,

7/18/26

....

18,096

16,493

a

8632098.SQ.FTS.B

,

4

.719

%

,

7/18/26

....

6,211

5,662

a

8632216.SQ.FTS.B

,

4

.719

%

,

7/18/26

....

17,720

16,155

a

8632155.SQ.FTS.B

,

5

.599

%

,

7/18/26

....

9,780

9,256

a

8632330.SQ.FTS.B

,

6

.092

%

,

7/18/26

....

3,030

2,890

a

8632057.SQ.FTS.B

,

6

.099

%

,

7/18/26

....

3,645

3,514

a

8631847.SQ.FTS.B

,

6

.11

%

,

7/18/26

.....

1,108

1,014

a

8632134.SQ.FTS.B

,

6

.44

%

,

7/18/26

.....

2,073

1,922

a

8631876.SQ.FTS.B

,

6

.445

%

,

7/18/26

....

6,466

6,256

a

8632737.SQ.FTS.B

,

4

.714

%

,

7/19/26

....

2,758

2,621

a

8632513.SQ.FTS.B

,

4

.717

%

,

7/19/26

....

14,058

13,468

a

8633007.SQ.FTS.B

,

4

.718

%

,

7/19/26

....

17,288

16,587

a

8632852.SQ.FTS.B

,

4

.719

%

,

7/19/26

....

18,342

17,556

a

8632823.SQ.FTS.B

,

4

.933

%

,

7/19/26

....

2,491

2,398

a

8632775.SQ.FTS.B

,

5

.027

%

,

7/19/26

....

2,411

2,323

a

8632633.SQ.FTS.B

,

5

.034

%

,

7/19/26

....

5,168

4,942

a

8632673.SQ.FTS.B

,

5

.348

%

,

7/19/26

....

5,504

5,285

a

8632625.SQ.FTS.B

,

5

.608

%

,

7/19/26

....

738

708

a

8632766.SQ.FTS.B

,

6

.084

%

,

7/19/26

....

1,441

1,376

a

8632818.SQ.FTS.B

,

6

.302

%

,

7/19/26

....

742

709

a

8633563.SQ.FTS.B

,

4

.715

%

,

7/20/26

....

9,673

9,212

a

8633177.SQ.FTS.B

,

4

.717

%

,

7/20/26

....

3,389

3,249

a

8633237.SQ.FTS.B

,

4

.717

%

,

7/20/26

....

2,883

2,764

a

8633357.SQ.FTS.B

,

4

.717

%

,

7/20/26

....

7,580

7,221

a

8633814.SQ.FTS.B

,

4

.717

%

,

7/20/26

....

6,527

6,230

a

8633193.SQ.FTS.B

,

4

.719

%

,

7/20/26

....

5,828

5,562

a

8633529.SQ.FTS.B

,

4

.719

%

,

7/20/26

....

6,072

5,795

a

8633721.SQ.FTS.B

,

4

.72

%

,

7/20/26

.....

10,985

10,483

a

8633800.SQ.FTS.B

,

4

.734

%

,

7/20/26

....

1,726

1,652

a

8633867.SQ.FTS.B

,

4

.741

%

,

7/20/26

....

1,273

1,205

a

8633676.SQ.FTS.B

,

5

.026

%

,

7/20/26

....

2,050

1,961

a

8633268.SQ.FTS.B

,

5

.031

%

,

7/20/26

....

13,656

13,058

a

8633618.SQ.FTS.B

,

5

.031

%

,

7/20/26

....

2,972

2,815

a

8633645.SQ.FTS.B

,

5

.034

%

,

7/20/26

....

4,177

3,983

a

8633879.SQ.FTS.B

,

5

.346

%

,

7/20/26

....

14,827

14,138

a

8633707.SQ.FTS.B

,

5

.597

%

,

7/20/26

....

2,535

2,431

a

8633636.SQ.FTS.B

,

5

.612

%

,

7/20/26

....

565

509

a

8633688.SQ.FTS.B

,

5

.633

%

,

7/20/26

....

2,505

2,376

a

8633481.SQ.FTS.B

,

5

.912

%

,

7/20/26

....

901

856

a

8633404.SQ.FTS.B

,

6

.447

%

,

7/20/26

....

12,434

11,705

a

8633490.SQ.FTS.B

,

6

.45

%

,

7/20/26

.....

7,154

6,787

a

8635886.SQ.FTS.B

,

4

.717

%

,

7/21/26

....

13,715

13,139

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

71

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8636838.SQ.FTS.B

,

4

.717

%

,

7/21/26

....

$

88,932

$

85,319

a

8635338.SQ.FTS.B

,

4

.718

%

,

7/21/26

....

30,798

29,474

a

8636591.SQ.FTS.B

,

4

.718

%

,

7/21/26

....

19,269

18,471

a

8635191.SQ.FTS.B

,

4

.719

%

,

7/21/26

....

12,378

11,845

a

8635687.SQ.FTS.B

,

4

.723

%

,

7/21/26

....

4,593

4,385

a

8634827.SQ.FTS.B

,

4

.724

%

,

7/21/26

....

3,797

3,640

a

8636051.SQ.FTS.B

,

4

.946

%

,

7/21/26

....

798

653

a

8635771.SQ.FTS.B

,

5

.031

%

,

7/21/26

....

8,622

8,268

a

8636253.SQ.FTS.B

,

5

.031

%

,

7/21/26

....

32,827

29,089

a

8636500.SQ.FTS.B

,

5

.031

%

,

7/21/26

....

12,199

11,692

a

8634029.SQ.FTS.B

,

5

.597

%

,

7/21/26

....

3,852

3,709

a

8634175.SQ.FTS.B

,

5

.597

%

,

7/21/26

....

33,857

32,392

a

8634925.SQ.FTS.B

,

6

.093

%

,

7/21/26

....

3,776

3,086

a

8635860.SQ.FTS.B

,

6

.096

%

,

7/21/26

....

1,072

1,024

a

8635001.SQ.FTS.B

,

6

.101

%

,

7/21/26

....

11,965

11,534

a

8634051.SQ.FTS.B

,

6

.103

%

,

7/21/26

....

13,308

12,686

a

8634810.SQ.FTS.B

,

6

.272

%

,

7/21/26

....

483

464

a

8634775.SQ.FTS.B

,

6

.436

%

,

7/21/26

....

987

954

a

8636058.SQ.FTS.B

,

6

.448

%

,

7/21/26

....

15,047

14,263

a

8639688.SQ.FTS.B

,

4

.711

%

,

7/22/26

....

2,952

2,828

a

8639830.SQ.FTS.B

,

4

.712

%

,

7/22/26

....

2,616

2,484

a

8638757.SQ.FTS.B

,

4

.714

%

,

7/22/26

....

4,161

3,980

a

8639870.SQ.FTS.B

,

4

.715

%

,

7/22/26

....

4,272

4,045

a

8638894.SQ.FTS.B

,

4

.717

%

,

7/22/26

....

3,206

3,070

a

8639110.SQ.FTS.B

,

4

.717

%

,

7/22/26

....

23,383

22,310

a

8640323.SQ.FTS.B

,

4

.717

%

,

7/22/26

....

8,949

8,521

a

8637766.SQ.FTS.B

,

4

.718

%

,

7/22/26

....

5,740

5,452

a

8640376.SQ.FTS.B

,

4

.718

%

,

7/22/26

....

25,250

24,192

a

8638182.SQ.FTS.B

,

4

.72

%

,

7/22/26

.....

7,876

7,561

a

8638712.SQ.FTS.B

,

4

.734

%

,

7/22/26

....

1,651

1,583

a

8640538.SQ.FTS.B

,

4

.942

%

,

7/22/26

....

2,708

1,681

a

8639103.SQ.FTS.B

,

4

.953

%

,

7/22/26

....

380

365

a

8638634.SQ.FTS.B

,

5

.029

%

,

7/22/26

....

5,377

4,764

a

8639736.SQ.FTS.B

,

5

.031

%

,

7/22/26

....

7,956

7,648

a

8640837.SQ.FTS.B

,

5

.031

%

,

7/22/26

....

5,241

5,023

a

8640863.SQ.FTS.B

,

5

.031

%

,

7/22/26

....

17,319

16,677

a

8639729.SQ.FTS.B

,

5

.34

%

,

7/22/26

.....

2,188

2,023

a

8638821.SQ.FTS.B

,

5

.343

%

,

7/22/26

....

4,508

4,264

a

8638351.SQ.FTS.B

,

5

.346

%

,

7/22/26

....

4,158

3,980

a

8638480.SQ.FTS.B

,

5

.346

%

,

7/22/26

....

8,025

7,635

a

8640719.SQ.FTS.B

,

5

.347

%

,

7/22/26

....

12,399

11,464

a

8637865.SQ.FTS.B

,

5

.348

%

,

7/22/26

....

8,501

8,178

a

8637480.SQ.FTS.B

,

5

.597

%

,

7/22/26

....

24,407

23,504

a

8640009.SQ.FTS.B

,

5

.597

%

,

7/22/26

....

36,999

31,443

a

8640827.SQ.FTS.B

,

6

.087

%

,

7/22/26

....

996

951

a

8639353.SQ.FTS.B

,

6

.101

%

,

7/22/26

....

43,121

41,123

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8639921.SQ.FTS.B

,

6

.101

%

,

7/22/26

....

$

7,334

$

7,003

a

8640554.SQ.FTS.B

,

6

.101

%

,

7/22/26

....

26,030

21,304

a

8639702.SQ.FTS.B

,

6

.107

%

,

7/22/26

....

3,225

3,074

a

8637824.SQ.FTS.B

,

6

.443

%

,

7/22/26

....

5,840

5,445

a

8639031.SQ.FTS.B

,

6

.444

%

,

7/22/26

....

4,806

4,587

a

8640299.SQ.FTS.B

,

6

.447

%

,

7/22/26

....

3,241

3,074

a

8638935.SQ.FTS.B

,

6

.448

%

,

7/22/26

....

3,646

3,455

a

8638875.SQ.FTS.B

,

6

.449

%

,

7/22/26

....

2,631

2,514

a

8640551.SQ.FTS.B

,

6

.458

%

,

7/22/26

....

1,396

994

a

8646157.SQ.FTS.B

,

4

.715

%

,

7/23/26

....

2,062

1,881

a

8643973.SQ.FTS.B

,

4

.717

%

,

7/23/26

....

12,479

11,947

a

8644310.SQ.FTS.B

,

4

.717

%

,

7/23/26

....

1,735

1,663

a

8644339.SQ.FTS.B

,

4

.717

%

,

7/23/26

....

1,813

1,735

a

8644372.SQ.FTS.B

,

4

.717

%

,

7/23/26

....

4,806

4,575

a

8644402.SQ.FTS.B

,

4

.717

%

,

7/23/26

....

22,737

21,784

a

8644899.SQ.FTS.B

,

4

.717

%

,

7/23/26

....

75,878

72,608

a

8645822.SQ.FTS.B

,

4

.717

%

,

7/23/26

....

30,010

28,701

a

8645724.SQ.FTS.B

,

4

.72

%

,

7/23/26

.....

5,630

5,383

a

8644830.SQ.FTS.B

,

4

.722

%

,

7/23/26

....

6,794

6,430

a

8644207.SQ.FTS.B

,

4

.724

%

,

7/23/26

....

3,214

3,060

a

8643881.SQ.FTS.B

,

4

.936

%

,

7/23/26

....

2,168

2,081

a

8644729.SQ.FTS.B

,

4

.937

%

,

7/23/26

....

10,278

9,536

a

8643406.SQ.FTS.B

,

5

.031

%

,

7/23/26

....

7,396

7,048

a

8644240.SQ.FTS.B

,

5

.036

%

,

7/23/26

....

4,604

4,410

a

8643564.SQ.FTS.B

,

5

.587

%

,

7/23/26

....

1,791

1,716

a

8646165.SQ.FTS.B

,

5

.597

%

,

7/23/26

....

65,180

60,379

a

8646097.SQ.FTS.B

,

5

.6

%

,

7/23/26

......

9,067

8,397

a

8644199.SQ.FTS.B

,

5

.639

%

,

7/23/26

....

889

853

a

8643641.SQ.FTS.B

,

6

.098

%

,

7/23/26

....

3,995

3,793

a

8642969.SQ.FTS.B

,

6

.101

%

,

7/23/26

....

30,955

29,386

a

8643359.SQ.FTS.B

,

6

.113

%

,

7/23/26

....

2,126

2,026

a

8643951.SQ.FTS.B

,

6

.294

%

,

7/23/26

....

2,732

2,370

a

8644367.SQ.FTS.B

,

6

.311

%

,

7/23/26

....

917

866

a

8643735.SQ.FTS.B

,

6

.444

%

,

7/23/26

....

3,016

2,857

a

8645706.SQ.FTS.B

,

6

.453

%

,

7/23/26

....

1,270

697

a

8650179.SQ.FTS.B

,

4

.715

%

,

7/24/26

....

5,105

4,859

a

8650583.SQ.FTS.B

,

4

.716

%

,

7/24/26

....

4,937

4,725

a

8648277.SQ.FTS.B

,

4

.717

%

,

7/24/26

....

96,491

91,898

a

8649420.SQ.FTS.B

,

4

.717

%

,

7/24/26

....

10,756

10,312

a

8650004.SQ.FTS.B

,

4

.717

%

,

7/24/26

....

11,369

10,845

a

8649701.SQ.FTS.B

,

4

.719

%

,

7/24/26

....

9,310

8,863

a

8650370.SQ.FTS.B

,

4

.719

%

,

7/24/26

....

17,194

16,398

a

8646746.SQ.FTS.B

,

4

.72

%

,

7/24/26

.....

9,881

9,449

a

8648113.SQ.FTS.B

,

4

.72

%

,

7/24/26

.....

6,793

6,512

a

8647888.SQ.FTS.B

,

4

.722

%

,

7/24/26

....

6,047

5,783

a

8647629.SQ.FTS.B

,

4

.726

%

,

7/24/26

....

2,899

2,772

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

72

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8647688.SQ.FTS.B

,

4

.939

%

,

7/24/26

....

$

1,139

$

936

a

8649808.SQ.FTS.B

,

5

.031

%

,

7/24/26

....

11,151

10,450

a

8649863.SQ.FTS.B

,

5

.041

%

,

7/24/26

....

2,574

2,282

a

8650240.SQ.FTS.B

,

5

.346

%

,

7/24/26

....

6,745

5,742

a

8649780.SQ.FTS.B

,

5

.347

%

,

7/24/26

....

5,446

5,148

a

8647093.SQ.FTS.B

,

5

.597

%

,

7/24/26

....

15,557

14,703

a

8648035.SQ.FTS.B

,

5

.61

%

,

7/24/26

.....

2,327

2,199

a

8647735.SQ.FTS.B

,

6

.098

%

,

7/24/26

....

2,854

2,759

a

8647587.SQ.FTS.B

,

6

.272

%

,

7/24/26

....

544

519

a

8649905.SQ.FTS.B

,

6

.292

%

,

7/24/26

....

5,080

2,178

a

8649559.SQ.FTS.B

,

6

.447

%

,

7/24/26

....

15,583

14,526

a

8650542.SQ.FTS.B

,

6

.447

%

,

7/24/26

....

2,846

2,652

a

8650106.SQ.FTS.B

,

6

.45

%

,

7/24/26

.....

4,386

3,876

a

8649956.SQ.FTS.B

,

6

.451

%

,

7/24/26

....

4,904

4,630

a

8648257.SQ.FTS.B

,

6

.453

%

,

7/24/26

....

1,768

1,697

a

8650790.SQ.FTS.B

,

4

.717

%

,

7/25/26

....

35,891

34,061

a

8651192.SQ.FTS.B

,

4

.717

%

,

7/25/26

....

9,658

9,195

a

8651531.SQ.FTS.B

,

4

.717

%

,

7/25/26

....

2,061

1,970

a

8651564.SQ.FTS.B

,

4

.718

%

,

7/25/26

....

10,503

10,049

a

8651276.SQ.FTS.B

,

4

.719

%

,

7/25/26

....

6,785

6,499

a

8651338.SQ.FTS.B

,

5

.031

%

,

7/25/26

....

5,159

4,577

a

8651469.SQ.FTS.B

,

5

.031

%

,

7/25/26

....

7,477

7,122

a

8651045.SQ.FTS.B

,

5

.347

%

,

7/25/26

....

16,995

16,281

a

8651450.SQ.FTS.B

,

5

.624

%

,

7/25/26

....

1,583

1,525

a

8651388.SQ.FTS.B

,

6

.105

%

,

7/25/26

....

6,888

4,198

a

8651551.SQ.FTS.B

,

6

.278

%

,

7/25/26

....

888

832

a

8651466.SQ.FTS.B

,

6

.289

%

,

7/25/26

....

542

385

a

8651028.SQ.FTS.B

,

6

.454

%

,

7/25/26

....

2,472

2,342

a

8652365.SQ.FTS.B

,

4

.711

%

,

7/26/26

....

2,232

2,138

a

8652294.SQ.FTS.B

,

4

.714

%

,

7/26/26

....

3,026

2,872

a

8652093.SQ.FTS.B

,

4

.721

%

,

7/26/26

....

6,705

6,411

a

8652321.SQ.FTS.B

,

4

.721

%

,

7/26/26

....

5,060

4,838

a

8652141.SQ.FTS.B

,

4

.738

%

,

7/26/26

....

1,424

1,362

a

8652153.SQ.FTS.B

,

4

.948

%

,

7/26/26

....

1,700

1,590

a

8651674.SQ.FTS.B

,

5

.347

%

,

7/26/26

....

28,218

27,075

a

8652081.SQ.FTS.B

,

5

.597

%

,

7/26/26

....

862

826

a

8652172.SQ.FTS.B

,

5

.6

%

,

7/26/26

......

9,634

8,201

a

8652048.SQ.FTS.B

,

6

.095

%

,

7/26/26

....

5,149

4,226

a

8652269.SQ.FTS.B

,

6

.099

%

,

7/26/26

....

2,397

2,282

a

8651977.SQ.FTS.B

,

6

.444

%

,

7/26/26

....

7,917

7,278

a

8651944.SQ.FTS.B

,

6

.45

%

,

7/26/26

.....

4,213

3,341

a

8653146.SQ.FTS.B

,

4

.713

%

,

7/27/26

....

2,999

2,855

a

8653722.SQ.FTS.B

,

4

.716

%

,

7/27/26

....

11,055

10,569

a

8653859.SQ.FTS.B

,

4

.717

%

,

7/27/26

....

14,120

13,497

a

8654734.SQ.FTS.B

,

4

.717

%

,

7/27/26

....

46,096

44,156

a

8654141.SQ.FTS.B

,

4

.719

%

,

7/27/26

....

8,383

8,014

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8653504.SQ.FTS.B

,

4

.72

%

,

7/27/26

.....

$

4,533

$

4,333

a

8653039.SQ.FTS.B

,

4

.721

%

,

7/27/26

....

1,312

1,258

a

8655266.SQ.FTS.B

,

4

.935

%

,

7/27/26

....

776

747

a

8653631.SQ.FTS.B

,

5

.031

%

,

7/27/26

....

2,998

2,872

a

8654222.SQ.FTS.B

,

5

.031

%

,

7/27/26

....

14,065

12,481

a

8653207.SQ.FTS.B

,

5

.346

%

,

7/27/26

....

4,369

4,198

a

8654441.SQ.FTS.B

,

5

.346

%

,

7/27/26

....

28,011

26,635

a

8652383.SQ.FTS.B

,

5

.347

%

,

7/27/26

....

13,727

13,189

a

8653686.SQ.FTS.B

,

5

.586

%

,

7/27/26

....

1,587

1,499

a

8654388.SQ.FTS.B

,

5

.626

%

,

7/27/26

....

5,151

4,914

a

8654369.SQ.FTS.B

,

5

.629

%

,

7/27/26

....

2,849

2,734

a

8654103.SQ.FTS.B

,

6

.08

%

,

7/27/26

.....

891

861

a

8655321.SQ.FTS.B

,

6

.101

%

,

7/27/26

....

28,008

26,583

a

8653075.SQ.FTS.B

,

6

.116

%

,

7/27/26

....

1,378

1,289

a

8653410.SQ.FTS.B

,

6

.283

%

,

7/27/26

....

3,174

2,971

a

8654426.SQ.FTS.B

,

6

.435

%

,

7/27/26

....

1,039

1,010

a

8653123.SQ.FTS.B

,

6

.44

%

,

7/27/26

.....

1,355

1,018

a

8655296.SQ.FTS.B

,

6

.443

%

,

7/27/26

....

1,888

1,789

a

8655752.SQ.FTS.B

,

6

.447

%

,

7/27/26

....

63,243

60,186

a

8654114.SQ.FTS.B

,

6

.456

%

,

7/27/26

....

1,464

1,415

a

8657656.SQ.FTS.B

,

4

.715

%

,

7/28/26

....

8,616

8,243

a

8656804.SQ.FTS.B

,

4

.717

%

,

7/28/26

....

4,642

4,438

a

8658803.SQ.FTS.B

,

4

.717

%

,

7/28/26

....

17,283

16,536

a

8659090.SQ.FTS.B

,

4

.717

%

,

7/28/26

....

18,497

17,610

a

8659419.SQ.FTS.B

,

4

.717

%

,

7/28/26

....

8,285

7,920

a

8660670.SQ.FTS.B

,

4

.717

%

,

7/28/26

....

2,729

2,611

a

8658371.SQ.FTS.B

,

4

.718

%

,

7/28/26

....

11,401

10,899

a

8660345.SQ.FTS.B

,

4

.718

%

,

7/28/26

....

28,354

26,904

a

8661344.SQ.FTS.B

,

4

.723

%

,

7/28/26

....

4,952

4,738

a

8661401.SQ.FTS.B

,

4

.723

%

,

7/28/26

....

5,112

4,888

a

8657546.SQ.FTS.B

,

4

.725

%

,

7/28/26

....

2,404

2,275

a

8661885.SQ.FTS.B

,

4

.731

%

,

7/28/26

....

2,190

2,088

a

8661275.SQ.FTS.B

,

4

.93

%

,

7/28/26

.....

2,358

2,146

a

8661252.SQ.FTS.B

,

4

.95

%

,

7/28/26

.....

898

847

a

8659366.SQ.FTS.B

,

5

.031

%

,

7/28/26

....

7,367

7,060

a

8661498.SQ.FTS.B

,

5

.034

%

,

7/28/26

....

5,376

5,152

a

8661305.SQ.FTS.B

,

5

.339

%

,

7/28/26

....

2,511

2,404

a

8659511.SQ.FTS.B

,

5

.345

%

,

7/28/26

....

3,703

3,500

a

8656861.SQ.FTS.B

,

5

.348

%

,

7/28/26

....

7,962

7,651

a

8661652.SQ.FTS.B

,

5

.348

%

,

7/28/26

....

5,577

5,272

a

8661317.SQ.FTS.B

,

5

.35

%

,

7/28/26

.....

4,850

4,390

a

8660025.SQ.FTS.B

,

5

.588

%

,

7/28/26

....

2,379

2,247

a

8656641.SQ.FTS.B

,

5

.597

%

,

7/28/26

....

6,259

5,981

a

8658175.SQ.FTS.B

,

5

.597

%

,

7/28/26

....

1,949

1,832

a

8660701.SQ.FTS.B

,

5

.6

%

,

7/28/26

......

13,620

12,609

a

8658327.SQ.FTS.B

,

5

.606

%

,

7/28/26

....

1,622

1,532

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

73

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8656580.SQ.FTS.B

,

5

.615

%

,

7/28/26

....

$

325

$

314

a

8661474.SQ.FTS.B

,

5

.624

%

,

7/28/26

....

1,660

1,593

a

8661765.SQ.FTS.B

,

5

.628

%

,

7/28/26

....

6,188

5,938

a

8658301.SQ.FTS.B

,

6

.103

%

,

7/28/26

....

955

923

a

8661590.SQ.FTS.B

,

6

.287

%

,

7/28/26

....

4,560

4,352

a

8659482.SQ.FTS.B

,

6

.289

%

,

7/28/26

....

3,598

3,444

a

8660340.SQ.FTS.B

,

6

.415

%

,

7/28/26

....

408

390

a

8657100.SQ.FTS.B

,

6

.445

%

,

7/28/26

....

9,480

8,978

a

8658633.SQ.FTS.B

,

6

.447

%

,

7/28/26

....

8,938

8,437

a

8659347.SQ.FTS.B

,

6

.447

%

,

7/28/26

....

1,596

1,526

a

8660092.SQ.FTS.B

,

6

.447

%

,

7/28/26

....

16,404

15,849

a

8656737.SQ.FTS.B

,

6

.448

%

,

7/28/26

....

4,792

4,578

a

8660946.SQ.FTS.B

,

6

.448

%

,

7/28/26

....

18,567

17,669

a

8661438.SQ.FTS.B

,

6

.448

%

,

7/28/26

....

3,971

3,793

a

8658239.SQ.FTS.B

,

6

.463

%

,

7/28/26

....

1,469

1,408

a

8663251.SQ.FTS.B

,

4

.716

%

,

7/29/26

....

4,705

4,450

a

8667081.SQ.FTS.B

,

4

.716

%

,

7/29/26

....

11,409

10,861

a

8661962.SQ.FTS.B

,

4

.717

%

,

7/29/26

....

6,939

6,615

a

8663897.SQ.FTS.B

,

4

.717

%

,

7/29/26

....

4,595

4,395

a

8666292.SQ.FTS.B

,

4

.717

%

,

7/29/26

....

23,937

22,917

a

8666763.SQ.FTS.B

,

4

.718

%

,

7/29/26

....

24,533

23,441

a

8663729.SQ.FTS.B

,

4

.719

%

,

7/29/26

....

12,247

11,708

a

8662483.SQ.FTS.B

,

4

.724

%

,

7/29/26

....

1,905

1,829

a

8666591.SQ.FTS.B

,

4

.931

%

,

7/29/26

....

558

541

a

8662371.SQ.FTS.B

,

5

.029

%

,

7/29/26

....

4,102

3,917

a

8662068.SQ.FTS.B

,

5

.031

%

,

7/29/26

....

1,063

1,010

a

8665342.SQ.FTS.B

,

5

.031

%

,

7/29/26

....

26,370

25,181

a

8665603.SQ.FTS.B

,

5

.031

%

,

7/29/26

....

400

386

a

8665632.SQ.FTS.B

,

5

.031

%

,

7/29/26

....

23,318

22,195

a

8663012.SQ.FTS.B

,

5

.344

%

,

7/29/26

....

8,216

7,765

a

8662096.SQ.FTS.B

,

5

.346

%

,

7/29/26

....

7,156

6,815

a

8666939.SQ.FTS.B

,

5

.346

%

,

7/29/26

....

10,715

9,163

a

8663878.SQ.FTS.B

,

5

.352

%

,

7/29/26

....

2,132

1,823

a

8663000.SQ.FTS.B

,

5

.583

%

,

7/29/26

....

1,226

1,178

a

8666921.SQ.FTS.B

,

5

.597

%

,

7/29/26

....

3,474

3,217

a

8663308.SQ.FTS.B

,

5

.598

%

,

7/29/26

....

33,059

31,195

a

8666125.SQ.FTS.B

,

5

.598

%

,

7/29/26

....

14,197

13,582

a

8662262.SQ.FTS.B

,

5

.912

%

,

7/29/26

....

7,019

6,445

a

8665333.SQ.FTS.B

,

5

.912

%

,

7/29/26

....

1,304

1,247

a

8664006.SQ.FTS.B

,

5

.914

%

,

7/29/26

....

7,116

6,735

a

8666485.SQ.FTS.B

,

6

.093

%

,

7/29/26

....

1,521

1,424

a

8662533.SQ.FTS.B

,

6

.101

%

,

7/29/26

....

20,760

17,102

a

8665605.SQ.FTS.B

,

6

.11

%

,

7/29/26

.....

1,412

1,339

a

8662222.SQ.FTS.B

,

6

.114

%

,

7/29/26

....

2,128

1,990

a

8666645.SQ.FTS.B

,

6

.289

%

,

7/29/26

....

8,951

8,377

a

8664407.SQ.FTS.B

,

6

.447

%

,

7/29/26

....

3,375

3,170

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8665978.SQ.FTS.B

,

6

.447

%

,

7/29/26

....

$

17,806

$

16,726

a

8666605.SQ.FTS.B

,

6

.447

%

,

7/29/26

....

2,948

2,733

a

8666500.SQ.FTS.B

,

6

.448

%

,

7/29/26

....

14,209

13,447

a

8662960.SQ.FTS.B

,

6

.452

%

,

7/29/26

....

1,448

1,285

a

8666756.SQ.FTS.B

,

6

.46

%

,

7/29/26

.....

1,146

1,107

a

8662511.SQ.FTS.B

,

6

.461

%

,

7/29/26

....

891

851

a

8669952.SQ.FTS.B

,

4

.717

%

,

7/30/26

....

2,096

2,007

a

8671171.SQ.FTS.B

,

4

.717

%

,

7/30/26

....

10,799

10,318

a

8671813.SQ.FTS.B

,

4

.717

%

,

7/30/26

....

36,876

35,155

a

8673392.SQ.FTS.B

,

4

.717

%

,

7/30/26

....

18,528

17,726

a

8673788.SQ.FTS.B

,

4

.717

%

,

7/30/26

....

29,451

28,017

a

8674072.SQ.FTS.B

,

4

.717

%

,

7/30/26

....

22,192

20,283

a

8669844.SQ.FTS.B

,

4

.72

%

,

7/30/26

.....

8,859

8,478

a

8671643.SQ.FTS.B

,

4

.732

%

,

7/30/26

....

2,010

1,920

a

8672633.SQ.FTS.B

,

4

.923

%

,

7/30/26

....

748

619

a

8672469.SQ.FTS.B

,

5

.031

%

,

7/30/26

....

4,123

3,922

a

8673724.SQ.FTS.B

,

5

.336

%

,

7/30/26

....

1,513

1,440

a

8674644.SQ.FTS.B

,

5

.338

%

,

7/30/26

....

3,655

3,374

a

8672560.SQ.FTS.B

,

5

.346

%

,

7/30/26

....

2,833

2,699

a

8673674.SQ.FTS.B

,

5

.347

%

,

7/30/26

....

2,992

2,869

a

8673350.SQ.FTS.B

,

5

.348

%

,

7/30/26

....

4,093

3,909

a

8673307.SQ.FTS.B

,

5

.595

%

,

7/30/26

....

3,733

3,497

a

8673738.SQ.FTS.B

,

5

.595

%

,

7/30/26

....

5,933

5,598

a

8670642.SQ.FTS.B

,

5

.597

%

,

7/30/26

....

18,797

16,040

a

8670041.SQ.FTS.B

,

5

.6

%

,

7/30/26

......

7,492

7,151

a

8674676.SQ.FTS.B

,

5

.6

%

,

7/30/26

......

11,575

11,069

a

8671637.SQ.FTS.B

,

6

.038

%

,

7/30/26

....

237

224

a

8672842.SQ.FTS.B

,

6

.101

%

,

7/30/26

....

35,456

33,753

a

8672694.SQ.FTS.B

,

6

.102

%

,

7/30/26

....

12,247

11,528

a

8671669.SQ.FTS.B

,

6

.299

%

,

7/30/26

....

2,364

2,185

a

8669992.SQ.FTS.B

,

6

.441

%

,

7/30/26

....

1,179

1,128

a

8670211.SQ.FTS.B

,

6

.446

%

,

7/30/26

....

22,139

21,336

a

8674351.SQ.FTS.B

,

6

.446

%

,

7/30/26

....

26,491

25,257

a

8671515.SQ.FTS.B

,

6

.447

%

,

7/30/26

....

5,823

5,562

a

8672648.SQ.FTS.B

,

6

.447

%

,

7/30/26

....

3,703

3,536

a

8671729.SQ.FTS.B

,

6

.452

%

,

7/30/26

....

3,859

3,727

a

8670193.SQ.FTS.B

,

6

.454

%

,

7/30/26

....

1,380

1,330

a

8675586.SQ.FTS.B

,

4

.717

%

,

7/31/26

....

6,672

6,372

a

8675939.SQ.FTS.B

,

4

.717

%

,

7/31/26

....

3,790

3,623

a

8676170.SQ.FTS.B

,

4

.717

%

,

7/31/26

....

4,768

4,553

a

8677079.SQ.FTS.B

,

4

.717

%

,

7/31/26

....

8,737

8,332

a

8677765.SQ.FTS.B

,

4

.717

%

,

7/31/26

....

20,494

19,566

a

8678042.SQ.FTS.B

,

4

.717

%

,

7/31/26

....

13,667

12,923

a

8678851.SQ.FTS.B

,

4

.717

%

,

7/31/26

....

39,933

38,123

a

8679954.SQ.FTS.B

,

4

.717

%

,

7/31/26

....

14,087

13,491

a

8678689.SQ.FTS.B

,

4

.718

%

,

7/31/26

....

11,042

10,503

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

74

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8675118.SQ.FTS.B

,

4

.719

%

,

7/31/26

....

$

11,423

$

10,922

a

8678470.SQ.FTS.B

,

4

.719

%

,

7/31/26

....

20,113

19,072

a

8679727.SQ.FTS.B

,

4

.72

%

,

7/31/26

.....

5,559

5,307

a

8678369.SQ.FTS.B

,

4

.721

%

,

7/31/26

....

7,195

6,802

a

8676944.SQ.FTS.B

,

4

.724

%

,

7/31/26

....

4,229

4,041

a

8679860.SQ.FTS.B

,

4

.724

%

,

7/31/26

....

4,546

4,300

a

8676897.SQ.FTS.B

,

4

.727

%

,

7/31/26

....

3,154

3,012

a

8679930.SQ.FTS.B

,

4

.95

%

,

7/31/26

.....

710

663

a

8678639.SQ.FTS.B

,

5

.023

%

,

7/31/26

....

3,059

2,902

a

8676458.SQ.FTS.B

,

5

.031

%

,

7/31/26

....

6,533

6,198

a

8678231.SQ.FTS.B

,

5

.031

%

,

7/31/26

....

12,515

11,711

a

8679808.SQ.FTS.B

,

5

.031

%

,

7/31/26

....

3,521

3,342

a

8674871.SQ.FTS.B

,

5

.352

%

,

7/31/26

....

2,025

1,933

a

8676076.SQ.FTS.B

,

5

.358

%

,

7/31/26

....

2,105

2,014

a

8679946.SQ.FTS.B

,

5

.585

%

,

7/31/26

....

1,194

1,126

a

8677332.SQ.FTS.B

,

5

.593

%

,

7/31/26

....

4,218

3,903

a

8679643.SQ.FTS.B

,

5

.6

%

,

7/31/26

......

5,975

5,737

a

8676046.SQ.FTS.B

,

5

.633

%

,

7/31/26

....

705

679

a

8678682.SQ.FTS.B

,

5

.66

%

,

7/31/26

.....

260

250

a

8679284.SQ.FTS.B

,

5

.915

%

,

7/31/26

....

1,370

1,296

a

8676105.SQ.FTS.B

,

6

.086

%

,

7/31/26

....

1,046

1,009

a

8675505.SQ.FTS.B

,

6

.089

%

,

7/31/26

....

2,229

2,121

a

8677402.SQ.FTS.B

,

6

.095

%

,

7/31/26

....

4,458

4,288

a

8676786.SQ.FTS.B

,

6

.097

%

,

7/31/26

....

2,343

2,261

a

8677291.SQ.FTS.B

,

6

.296

%

,

7/31/26

....

1,628

1,522

a

8675880.SQ.FTS.B

,

6

.443

%

,

7/31/26

....

1,886

1,748

a

8677487.SQ.FTS.B

,

6

.448

%

,

7/31/26

....

28,028

13,170

a

8675009.SQ.FTS.B

,

6

.449

%

,

7/31/26

....

2,911

2,810

a

8675803.SQ.FTS.B

,

6

.457

%

,

7/31/26

....

2,727

2,543

a

8677756.SQ.FTS.B

,

6

.472

%

,

7/31/26

....

1,082

1,017

a

8680878.SQ.FTS.B

,

4

.711

%

,

8/01/26

....

1,984

1,895

a

8680154.SQ.FTS.B

,

4

.717

%

,

8/01/26

....

16,117

11,476

a

8680454.SQ.FTS.B

,

4

.717

%

,

8/01/26

....

19,103

18,264

a

8680779.SQ.FTS.B

,

4

.719

%

,

8/01/26

....

16,077

15,201

a

8680585.SQ.FTS.B

,

4

.953

%

,

8/01/26

....

1,565

1,300

a

8680312.SQ.FTS.B

,

5

.031

%

,

8/01/26

....

18,700

17,739

a

8680899.SQ.FTS.B

,

5

.031

%

,

8/01/26

....

12,015

11,424

a

8680998.SQ.FTS.B

,

5

.346

%

,

8/01/26

....

967

915

a

8680592.SQ.FTS.B

,

5

.351

%

,

8/01/26

....

7,236

6,194

a

8680577.SQ.FTS.B

,

5

.597

%

,

8/01/26

....

879

840

a

8680690.SQ.FTS.B

,

5

.597

%

,

8/01/26

....

6,546

6,182

a

8680760.SQ.FTS.B

,

5

.616

%

,

8/01/26

....

1,632

801

a

8681015.SQ.FTS.B

,

5

.899

%

,

8/01/26

....

1,177

1,124

a

8680644.SQ.FTS.B

,

6

.289

%

,

8/01/26

....

4,703

4,435

a

8680748.SQ.FTS.B

,

6

.296

%

,

8/01/26

....

1,867

1,349

a

8680257.SQ.FTS.B

,

6

.448

%

,

8/01/26

....

8,685

8,082

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8681715.SQ.FTS.B

,

4

.712

%

,

8/02/26

....

$

3,838

$

3,658

a

8681766.SQ.FTS.B

,

4

.716

%

,

8/02/26

....

3,853

3,690

a

8681080.SQ.FTS.B

,

4

.717

%

,

8/02/26

....

15,334

14,662

a

8681316.SQ.FTS.B

,

4

.717

%

,

8/02/26

....

11,537

11,012

a

8681429.SQ.FTS.B

,

4

.717

%

,

8/02/26

....

10,529

10,049

a

8681570.SQ.FTS.B

,

5

.031

%

,

8/02/26

....

2,956

2,827

a

8681734.SQ.FTS.B

,

5

.343

%

,

8/02/26

....

3,141

2,979

a

8681191.SQ.FTS.B

,

5

.344

%

,

8/02/26

....

6,475

6,183

a

8681652.SQ.FTS.B

,

5

.592

%

,

8/02/26

....

4,021

3,792

a

8681586.SQ.FTS.B

,

5

.597

%

,

8/02/26

....

9,608

9,064

a

8681807.SQ.FTS.B

,

5

.597

%

,

8/02/26

....

28,395

27,083

a

8681025.SQ.FTS.B

,

6

.098

%

,

8/02/26

....

6,925

6,591

a

8681754.SQ.FTS.B

,

6

.101

%

,

8/02/26

....

1,850

1,753

a

8681301.SQ.FTS.B

,

6

.11

%

,

8/02/26

.....

2,814

2,327

a

8681677.SQ.FTS.B

,

6

.444

%

,

8/02/26

....

4,366

4,175

a

8681257.SQ.FTS.B

,

6

.449

%

,

8/02/26

....

5,152

4,834

a

8681406.SQ.FTS.B

,

6

.449

%

,

8/02/26

....

2,640

2,491

a

8681518.SQ.FTS.B

,

6

.453

%

,

8/02/26

....

4,177

3,989

a

8681388.SQ.FTS.B

,

6

.454

%

,

8/02/26

....

2,294

2,223

a

8686055.SQ.FTS.B

,

4

.714

%

,

8/03/26

....

5,995

5,713

a

8687028.SQ.FTS.B

,

4

.715

%

,

8/03/26

....

8,954

8,464

a

8687076.SQ.FTS.B

,

4

.715

%

,

8/03/26

....

7,415

7,078

a

8683516.SQ.FTS.B

,

4

.717

%

,

8/03/26

....

19,669

18,707

a

8684714.SQ.FTS.B

,

4

.717

%

,

8/03/26

....

22,385

21,340

a

8686777.SQ.FTS.B

,

4

.717

%

,

8/03/26

....

12,103

11,570

a

8684972.SQ.FTS.B

,

4

.718

%

,

8/03/26

....

62,434

57,097

a

8687207.SQ.FTS.B

,

4

.718

%

,

8/03/26

....

47,341

45,177

a

8682914.SQ.FTS.B

,

4

.719

%

,

8/03/26

....

12,994

12,447

a

8684467.SQ.FTS.B

,

4

.719

%

,

8/03/26

....

14,096

13,437

a

8686662.SQ.FTS.B

,

4

.719

%

,

8/03/26

....

6,379

6,068

a

8686729.SQ.FTS.B

,

4

.722

%

,

8/03/26

....

6,239

5,955

a

8686130.SQ.FTS.B

,

4

.912

%

,

8/03/26

....

423

403

a

8686706.SQ.FTS.B

,

4

.935

%

,

8/03/26

....

2,647

2,462

a

8685583.SQ.FTS.B

,

5

.031

%

,

8/03/26

....

39,230

37,528

a

8686960.SQ.FTS.B

,

5

.031

%

,

8/03/26

....

6,557

6,220

a

8686623.SQ.FTS.B

,

5

.346

%

,

8/03/26

....

5,702

5,407

a

8685570.SQ.FTS.B

,

5

.591

%

,

8/03/26

....

2,473

2,116

a

8686948.SQ.FTS.B

,

5

.627

%

,

8/03/26

....

771

725

a

8686239.SQ.FTS.B

,

5

.914

%

,

8/03/26

....

12,105

10,331

a

8685997.SQ.FTS.B

,

6

.097

%

,

8/03/26

....

3,737

3,096

a

8684073.SQ.FTS.B

,

6

.1

%

,

8/03/26

......

19,160

18,536

a

8686023.SQ.FTS.B

,

6

.101

%

,

8/03/26

....

5,469

4,532

a

8686418.SQ.FTS.B

,

6

.289

%

,

8/03/26

....

16,383

15,618

a

8687158.SQ.FTS.B

,

6

.304

%

,

8/03/26

....

1,376

1,312

a

8682903.SQ.FTS.B

,

6

.312

%

,

8/03/26

....

965

910

a

8687166.SQ.FTS.B

,

6

.444

%

,

8/03/26

....

3,210

2,961

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

75

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8686153.SQ.FTS.B

,

6

.445

%

,

8/03/26

....

$

5,853

$

5,524

a

8690907.SQ.FTS.B

,

4

.71

%

,

8/04/26

.....

3,697

3,530

a

8691610.SQ.FTS.B

,

4

.71

%

,

8/04/26

.....

3,127

2,980

a

8691528.SQ.FTS.B

,

4

.712

%

,

8/04/26

....

4,894

4,678

a

8691436.SQ.FTS.B

,

4

.715

%

,

8/04/26

....

6,733

6,384

a

8690853.SQ.FTS.B

,

4

.717

%

,

8/04/26

....

4,646

4,441

a

8692062.SQ.FTS.B

,

4

.717

%

,

8/04/26

....

2,149

2,048

a

8692936.SQ.FTS.B

,

4

.717

%

,

8/04/26

....

26,814

25,609

a

8690999.SQ.FTS.B

,

4

.719

%

,

8/04/26

....

4,423

4,236

a

8690167.SQ.FTS.B

,

4

.72

%

,

8/04/26

.....

4,309

4,111

a

8691907.SQ.FTS.B

,

4

.912

%

,

8/04/26

....

724

689

a

8691252.SQ.FTS.B

,

4

.934

%

,

8/04/26

....

5,155

4,794

a

8687984.SQ.FTS.B

,

5

.031

%

,

8/04/26

....

18,323

17,615

a

8690351.SQ.FTS.B

,

5

.031

%

,

8/04/26

....

25,927

24,860

a

8691686.SQ.FTS.B

,

5

.031

%

,

8/04/26

....

8,947

8,569

a

8692292.SQ.FTS.B

,

5

.031

%

,

8/04/26

....

14,333

13,676

a

8692686.SQ.FTS.B

,

5

.031

%

,

8/04/26

....

6,338

6,069

a

8693323.SQ.FTS.B

,

5

.031

%

,

8/04/26

....

32,984

31,481

a

8692252.SQ.FTS.B

,

5

.343

%

,

8/04/26

....

3,013

2,845

a

8687773.SQ.FTS.B

,

5

.346

%

,

8/04/26

....

7,815

7,382

a

8689344.SQ.FTS.B

,

5

.346

%

,

8/04/26

....

8,335

7,993

a

8687514.SQ.FTS.B

,

5

.348

%

,

8/04/26

....

13,707

12,892

a

8691094.SQ.FTS.B

,

5

.597

%

,

8/04/26

....

8,526

8,175

a

8691936.SQ.FTS.B

,

5

.597

%

,

8/04/26

....

10,778

9,221

a

8691238.SQ.FTS.B

,

5

.601

%

,

8/04/26

....

1,794

1,719

a

8687448.SQ.FTS.B

,

5

.608

%

,

8/04/26

....

942

904

a

8689671.SQ.FTS.B

,

5

.629

%

,

8/04/26

....

23,371

21,979

a

8692074.SQ.FTS.B

,

5

.913

%

,

8/04/26

....

15,227

14,691

a

8688839.SQ.FTS.B

,

6

.307

%

,

8/04/26

....

1,206

1,152

a

8690966.SQ.FTS.B

,

6

.427

%

,

8/04/26

....

973

931

a

8691506.SQ.FTS.B

,

6

.442

%

,

8/04/26

....

939

908

a

8692856.SQ.FTS.B

,

6

.445

%

,

8/04/26

....

6,587

5,991

a

8688931.SQ.FTS.B

,

6

.447

%

,

8/04/26

....

10,959

10,372

a

8690701.SQ.FTS.B

,

6

.448

%

,

8/04/26

....

14,219

13,457

a

8690231.SQ.FTS.B

,

6

.45

%

,

8/04/26

.....

8,862

7,863

a

8691057.SQ.FTS.B

,

6

.451

%

,

8/04/26

....

1,988

1,240

a

8690943.SQ.FTS.B

,

6

.459

%

,

8/04/26

....

1,343

1,296

a

8690988.SQ.FTS.B

,

6

.499

%

,

8/04/26

....

550

520

a

8697839.SQ.FTS.B

,

4

.711

%

,

8/05/26

....

2,694

2,567

a

8694296.SQ.FTS.B

,

4

.714

%

,

8/05/26

....

6,102

5,802

a

8697290.SQ.FTS.B

,

4

.716

%

,

8/05/26

....

10,762

10,254

a

8697514.SQ.FTS.B

,

4

.716

%

,

8/05/26

....

10,847

10,279

a

8694863.SQ.FTS.B

,

4

.717

%

,

8/05/26

....

28,571

27,296

a

8695787.SQ.FTS.B

,

4

.717

%

,

8/05/26

....

12,217

11,680

a

8698426.SQ.FTS.B

,

4

.717

%

,

8/05/26

....

9,941

9,451

a

8696649.SQ.FTS.B

,

4

.718

%

,

8/05/26

....

20,753

19,841

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8697049.SQ.FTS.B

,

4

.721

%

,

8/05/26

....

$

4,238

$

4,047

a

8694682.SQ.FTS.B

,

4

.722

%

,

8/05/26

....

6,687

6,359

a

8695639.SQ.FTS.B

,

4

.722

%

,

8/05/26

....

3,202

3,051

a

8696903.SQ.FTS.B

,

4

.762

%

,

8/05/26

....

348

334

a

8694566.SQ.FTS.B

,

4

.944

%

,

8/05/26

....

1,874

1,805

a

8693448.SQ.FTS.B

,

5

.031

%

,

8/05/26

....

40,110

38,413

a

8698279.SQ.FTS.B

,

5

.031

%

,

8/05/26

....

7,669

6,846

a

8697206.SQ.FTS.B

,

5

.341

%

,

8/05/26

....

4,080

3,502

a

8698354.SQ.FTS.B

,

5

.345

%

,

8/05/26

....

4,324

4,125

a

8697448.SQ.FTS.B

,

5

.346

%

,

8/05/26

....

4,349

4,091

a

8697685.SQ.FTS.B

,

5

.346

%

,

8/05/26

....

9,601

9,144

a

8697878.SQ.FTS.B

,

5

.346

%

,

8/05/26

....

4,537

4,331

a

8698119.SQ.FTS.B

,

5

.346

%

,

8/05/26

....

13,615

12,906

a

8698260.SQ.FTS.B

,

5

.352

%

,

8/05/26

....

1,865

1,787

a

8695923.SQ.FTS.B

,

5

.598

%

,

8/05/26

....

58,224

55,496

a

8697978.SQ.FTS.B

,

5

.627

%

,

8/05/26

....

7,471

7,172

a

8696921.SQ.FTS.B

,

5

.634

%

,

8/05/26

....

1,621

1,564

a

8697099.SQ.FTS.B

,

5

.915

%

,

8/05/26

....

9,809

9,006

a

8695717.SQ.FTS.B

,

6

.095

%

,

8/05/26

....

4,087

3,400

a

8697395.SQ.FTS.B

,

6

.103

%

,

8/05/26

....

7,669

6,380

a

8695674.SQ.FTS.B

,

6

.289

%

,

8/05/26

....

3,547

3,311

a

8698352.SQ.FTS.B

,

6

.439

%

,

8/05/26

....

939

888

a

8697638.SQ.FTS.B

,

6

.444

%

,

8/05/26

....

5,187

4,908

a

8697002.SQ.FTS.B

,

6

.447

%

,

8/05/26

....

3,495

3,334

a

8698087.SQ.FTS.B

,

6

.457

%

,

8/05/26

....

754

729

a

8705759.SQ.FTS.B

,

4

.717

%

,

8/06/26

....

84,743

80,710

a

8701775.SQ.FTS.B

,

4

.718

%

,

8/06/26

....

5,009

4,786

a

8701882.SQ.FTS.B

,

4

.718

%

,

8/06/26

....

22,795

20,859

a

8704881.SQ.FTS.B

,

4

.718

%

,

8/06/26

....

6,460

5,910

a

8703496.SQ.FTS.B

,

4

.944

%

,

8/06/26

....

1,477

1,406

a

8704241.SQ.FTS.B

,

5

.031

%

,

8/06/26

....

38,489

36,715

a

8704966.SQ.FTS.B

,

5

.031

%

,

8/06/26

....

51,086

48,846

a

8705722.SQ.FTS.B

,

5

.342

%

,

8/06/26

....

2,114

2,025

a

8701599.SQ.FTS.B

,

5

.346

%

,

8/06/26

....

19,877

18,684

a

8703138.SQ.FTS.B

,

5

.346

%

,

8/06/26

....

9,907

9,357

a

8703402.SQ.FTS.B

,

5

.594

%

,

8/06/26

....

7,877

7,428

a

8701522.SQ.FTS.B

,

5

.596

%

,

8/06/26

....

3,290

3,167

a

8701588.SQ.FTS.B

,

5

.599

%

,

8/06/26

....

1,881

1,794

a

8704684.SQ.FTS.B

,

5

.601

%

,

8/06/26

....

8,089

7,715

a

8703226.SQ.FTS.B

,

5

.91

%

,

8/06/26

.....

7,302

6,935

a

8704726.SQ.FTS.B

,

5

.91

%

,

8/06/26

.....

9,260

8,902

a

8703530.SQ.FTS.B

,

5

.919

%

,

8/06/26

....

3,543

3,373

a

8702407.SQ.FTS.B

,

6

.101

%

,

8/06/26

....

30,199

28,226

a

8705703.SQ.FTS.B

,

6

.116

%

,

8/06/26

....

1,380

1,289

a

8705620.SQ.FTS.B

,

6

.289

%

,

8/06/26

....

8,980

8,460

a

8701858.SQ.FTS.B

,

6

.294

%

,

8/06/26

....

2,409

2,188

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

76

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8703347.SQ.FTS.B

,

6

.44

%

,

8/06/26

.....

$

2,486

$

1,922

a

8703601.SQ.FTS.B

,

6

.447

%

,

8/06/26

....

38,000

35,948

a

8704835.SQ.FTS.B

,

6

.449

%

,

8/06/26

....

2,847

2,527

a

8703589.SQ.FTS.B

,

6

.469

%

,

8/06/26

....

975

922

a

8710630.SQ.FTS.B

,

4

.708

%

,

8/07/26

....

1,657

1,585

a

8709775.SQ.FTS.B

,

4

.715

%

,

8/07/26

....

8,385

8,011

a

8710424.SQ.FTS.B

,

4

.717

%

,

8/07/26

....

12,866

12,316

a

8710688.SQ.FTS.B

,

4

.717

%

,

8/07/26

....

5,106

4,823

a

8710044.SQ.FTS.B

,

4

.718

%

,

8/07/26

....

43,165

41,142

a

8709756.SQ.FTS.B

,

5

.023

%

,

8/07/26

....

2,776

2,647

a

8710592.SQ.FTS.B

,

5

.027

%

,

8/07/26

....

2,424

2,317

a

8708587.SQ.FTS.B

,

5

.031

%

,

8/07/26

....

11,929

11,309

a

8708807.SQ.FTS.B

,

5

.031

%

,

8/07/26

....

63,278

60,093

a

8710784.SQ.FTS.B

,

5

.031

%

,

8/07/26

....

80,970

76,485

a

8709880.SQ.FTS.B

,

5

.034

%

,

8/07/26

....

4,498

4,261

a

8706565.SQ.FTS.B

,

5

.346

%

,

8/07/26

....

62,442

59,882

a

8709740.SQ.FTS.B

,

5

.347

%

,

8/07/26

....

2,496

2,380

a

8709691.SQ.FTS.B

,

5

.352

%

,

8/07/26

....

3,237

3,054

a

8709982.SQ.FTS.B

,

5

.915

%

,

8/07/26

....

10,899

10,003

a

8709719.SQ.FTS.B

,

5

.934

%

,

8/07/26

....

1,355

1,279

a

8709944.SQ.FTS.B

,

6

.092

%

,

8/07/26

....

3,506

3,317

a

8708525.SQ.FTS.B

,

6

.106

%

,

8/07/26

....

2,079

2,004

a

8709596.SQ.FTS.B

,

6

.442

%

,

8/07/26

....

4,708

4,410

a

8709725.SQ.FTS.B

,

6

.442

%

,

8/07/26

....

1,780

1,618

a

8706498.SQ.FTS.B

,

6

.447

%

,

8/07/26

....

3,525

3,287

a

8711369.SQ.FTS.B

,

4

.717

%

,

8/08/26

....

5,812

5,554

a

8711741.SQ.FTS.B

,

4

.717

%

,

8/08/26

....

6,806

6,467

a

8710953.SQ.FTS.B

,

4

.718

%

,

8/08/26

....

22,902

21,812

a

8711403.SQ.FTS.B

,

4

.719

%

,

8/08/26

....

13,186

12,559

a

8711642.SQ.FTS.B

,

4

.72

%

,

8/08/26

.....

9,257

8,766

a

8711199.SQ.FTS.B

,

5

.026

%

,

8/08/26

....

2,209

2,087

a

8711263.SQ.FTS.B

,

5

.596

%

,

8/08/26

....

4,753

4,084

a

8711304.SQ.FTS.B

,

5

.909

%

,

8/08/26

....

8,004

7,598

a

8711215.SQ.FTS.B

,

6

.275

%

,

8/08/26

....

1,323

1,262

a

8711111.SQ.FTS.B

,

6

.447

%

,

8/08/26

.....

2,435

2,348

a

8711513.SQ.FTS.B

,

6

.447

%

,

8/08/26

....

13,574

12,708

a

8711222.SQ.FTS.B

,

6

.448

%

,

8/08/26

....

4,741

4,311

a

8711143.SQ.FTS.B

,

6

.451

%

,

8/08/26

....

5,030

4,804

a

8712106.SQ.FTS.B

,

4

.713

%

,

8/09/26

....

6,214

5,917

a

8711811.SQ.FTS.B

,

4

.717

%

,

8/09/26

....

2,883

2,755

a

8711852.SQ.FTS.B

,

4

.717

%

,

8/09/26

....

5,072

4,803

a

8712219.SQ.FTS.B

,

4

.717

%

,

8/09/26

....

1,496

1,430

a

8712239.SQ.FTS.B

,

4

.717

%

,

8/09/26

....

9,035

8,585

a

8711961.SQ.FTS.B

,

4

.72

%

,

8/09/26

.....

11,388

10,846

a

8711907.SQ.FTS.B

,

4

.721

%

,

8/09/26

....

7,324

6,959

a

8712162.SQ.FTS.B

,

4

.721

%

,

8/09/26

....

7,943

7,588

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8712295.SQ.FTS.B

,

5

.031

%

,

8/09/26

....

$

7,246

$

6,775

a

8712494.SQ.FTS.B

,

5

.347

%

,

8/09/26

....

24,103

22,621

a

8712346.SQ.FTS.B

,

5

.352

%

,

8/09/26

....

4,202

4,025

a

8711836.SQ.FTS.B

,

5

.355

%

,

8/09/26

....

1,922

1,833

a

8712421.SQ.FTS.B

,

5

.586

%

,

8/09/26

....

1,679

1,583

a

8712089.SQ.FTS.B

,

5

.627

%

,

8/09/26

....

1,153

1,110

a

8712036.SQ.FTS.B

,

5

.899

%

,

8/09/26

....

1,814

1,555

a

8712437.SQ.FTS.B

,

6

.104

%

,

8/09/26

....

7,977

7,589

a

8711893.SQ.FTS.B

,

6

.276

%

,

8/09/26

....

1,349

1,299

a

8712392.SQ.FTS.B

,

6

.449

%

,

8/09/26

....

2,119

2,040

a

8717035.SQ.FTS.B

,

4

.712

%

,

8/10/26

....

5,121

4,887

a

8716005.SQ.FTS.B

,

4

.717

%

,

8/10/26

....

4,485

4,281

a

8716211.SQ.FTS.B

,

4

.717

%

,

8/10/26

....

37,999

36,258

a

8716618.SQ.FTS.B

,

4

.717

%

,

8/10/26

....

19,943

19,013

a

8713885.SQ.FTS.B

,

4

.718

%

,

8/10/26

....

23,391

22,288

a

8714669.SQ.FTS.B

,

4

.721

%

,

8/10/26

....

7,743

7,313

a

8715469.SQ.FTS.B

,

4

.724

%

,

8/10/26

....

2,176

2,077

a

8715608.SQ.FTS.B

,

4

.73

%

,

8/10/26

.....

2,500

2,381

a

8713724.SQ.FTS.B

,

4

.906

%

,

8/10/26

....

228

221

a

8717490.SQ.FTS.B

,

5

.024

%

,

8/10/26

....

3,644

3,441

a

8716137.SQ.FTS.B

,

5

.034

%

,

8/10/26

....

5,015

4,761

a

8715519.SQ.FTS.B

,

5

.037

%

,

8/10/26

....

1,956

1,874

a

8717155.SQ.FTS.B

,

5

.346

%

,

8/10/26

....

13,701

13,078

a

8717541.SQ.FTS.B

,

5

.346

%

,

8/10/26

....

72,463

69,100

a

8714612.SQ.FTS.B

,

5

.347

%

,

8/10/26

....

2,062

1,976

a

8715651.SQ.FTS.B

,

5

.347

%

,

8/10/26

....

21,535

20,645

a

8715534.SQ.FTS.B

,

5

.351

%

,

8/10/26

....

5,370

4,626

a

8716867.SQ.FTS.B

,

5

.594

%

,

8/10/26

....

5,768

4,963

a

8715963.SQ.FTS.B

,

5

.603

%

,

8/10/26

....

2,022

1,927

a

8716943.SQ.FTS.B

,

5

.907

%

,

8/10/26

....

1,910

1,812

a

8714787.SQ.FTS.B

,

5

.912

%

,

8/10/26

....

20,451

19,365

a

8714584.SQ.FTS.B

,

6

.099

%

,

8/10/26

....

1,362

1,307

a

8716827.SQ.FTS.B

,

6

.104

%

,

8/10/26

....

3,117

2,967

a

8713729.SQ.FTS.B

,

6

.105

%

,

8/10/26

....

1,896

1,734

a

8713741.SQ.FTS.B

,

6

.269

%

,

8/10/26

....

906

872

a

8716067.SQ.FTS.B

,

6

.287

%

,

8/10/26

....

4,761

4,439

a

8716808.SQ.FTS.B

,

6

.434

%

,

8/10/26

....

987

945

a

8717411.SQ.FTS.B

,

6

.439

%

,

8/10/26

....

2,190

1,992

a

8717445.SQ.FTS.B

,

6

.443

%

,

8/10/26

....

3,025

2,914

a

8715129.SQ.FTS.B

,

6

.448

%

,

8/10/26

....

18,950

18,099

a

8716970.SQ.FTS.B

,

6

.45

%

,

8/10/26

.....

5,634

5,271

a

8713756.SQ.FTS.B

,

6

.453

%

,

8/10/26

....

2,174

2,053

a

8717358.SQ.FTS.B

,

6

.456

%

,

8/10/26

....

2,076

2,005

a

8719664.SQ.FTS.B

,

4

.71

%

,

8/11/26

.....

3,766

3,593

a

8717949.SQ.FTS.B

,

4

.717

%

,

8/11/26

....

10,286

9,719

a

8721367.SQ.FTS.B

,

4

.717

%

,

8/11/26

....

10,132

9,629

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

77

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8721511.SQ.FTS.B

,

4

.717

%

,

8/11/26

....

$

46,087

$

43,640

a

8721296.SQ.FTS.B

,

4

.721

%

,

8/11/26

....

3,977

3,789

a

8721942.SQ.FTS.B

,

5

.026

%

,

8/11/26

....

4,475

4,224

a

8720595.SQ.FTS.B

,

5

.028

%

,

8/11/26

....

3,825

3,660

a

8718142.SQ.FTS.B

,

5

.031

%

,

8/11/26

....

77,865

74,201

a

8720577.SQ.FTS.B

,

5

.031

%

,

8/11/26

....

983

937

a

8720786.SQ.FTS.B

,

5

.031

%

,

8/11/26

....

7,928

7,571

a

8722074.SQ.FTS.B

,

5

.031

%

,

8/11/26

....

75,096

71,711

a

8720915.SQ.FTS.B

,

5

.346

%

,

8/11/26

....

23,480

22,226

a

8720068.SQ.FTS.B

,

5

.911

%

,

8/11/26

....

55,660

47,791

a

8720674.SQ.FTS.B

,

5

.915

%

,

8/11/26

....

4,795

4,554

a

8720913.SQ.FTS.B

,

6

.085

%

,

8/11/26

....

1,022

973

a

8722036.SQ.FTS.B

,

6

.102

%

,

8/11/26

....

3,240

3,062

a

8721995.SQ.FTS.B

,

6

.113

%

,

8/11/26

....

2,299

2,191

a

8720769.SQ.FTS.B

,

6

.268

%

,

8/11/26

....

837

806

a

8719731.SQ.FTS.B

,

6

.448

%

,

8/11/26

....

26,923

25,581

a

8721150.SQ.FTS.B

,

6

.448

%

,

8/11/26

....

10,562

9,936

a

8722961.SQ.FTS.B

,

4

.712

%

,

8/12/26

....

5,662

5,345

a

8723939.SQ.FTS.B

,

4

.717

%

,

8/12/26

....

12,352

11,695

a

8726137.SQ.FTS.B

,

4

.717

%

,

8/12/26

....

4,932

4,701

a

8726506.SQ.FTS.B

,

4

.718

%

,

8/12/26

....

46,322

44,249

a

8723632.SQ.FTS.B

,

5

.031

%

,

8/12/26

....

17,052

16,337

a

8724768.SQ.FTS.B

,

5

.031

%

,

8/12/26

....

11,062

10,477

a

8724926.SQ.FTS.B

,

5

.031

%

,

8/12/26

....

18,650

17,812

a

8725236.SQ.FTS.B

,

5

.031

%

,

8/12/26

....

7,853

7,484

a

8722122.SQ.FTS.B

,

5

.346

%

,

8/12/26

....

35,726

34,195

a

8725344.SQ.FTS.B

,

5

.346

%

,

8/12/26

....

72,735

69,292

a

8723567.SQ.FTS.B

,

5

.593

%

,

8/12/26

....

5,979

5,657

a

8726348.SQ.FTS.B

,

5

.597

%

,

8/12/26

....

16,232

15,553

a

8722921.SQ.FTS.B

,

5

.66

%

,

8/12/26

.....

953

823

a

8725200.SQ.FTS.B

,

6

.093

%

,

8/12/26

....

3,567

3,003

a

8726262.SQ.FTS.B

,

6

.098

%

,

8/12/26

....

7,752

7,373

a

8723083.SQ.FTS.B

,

6

.101

%

,

8/12/26

....

32,819

27,625

a

8724078.SQ.FTS.B

,

6

.448

%

,

8/12/26

....

9,303

8,850

a

8726084.SQ.FTS.B

,

6

.453

%

,

8/12/26

....

2,780

1,615

a

8725163.SQ.FTS.B

,

6

.469

%

,

8/12/26

....

791

760

a

8731033.SQ.FTS.B

,

4

.715

%

,

8/13/26

....

9,526

9,044

a

8732659.SQ.FTS.B

,

4

.715

%

,

8/13/26

....

8,878

8,428

a

8731110.SQ.FTS.B

,

4

.717

%

,

8/13/26

....

3,210

3,054

a

8731276.SQ.FTS.B

,

4

.717

%

,

8/13/26

....

29,050

27,659

a

8731893.SQ.FTS.B

,

4

.717

%

,

8/13/26

....

35,910

34,236

a

8732928.SQ.FTS.B

,

4

.717

%

,

8/13/26

....

1,744

1,664

a

8732958.SQ.FTS.B

,

4

.717

%

,

8/13/26

....

11,328

10,720

a

8733663.SQ.FTS.B

,

4

.717

%

,

8/13/26

....

4,861

4,646

a

8734256.SQ.FTS.B

,

4

.717

%

,

8/13/26

....

9,573

9,089

a

8734427.SQ.FTS.B

,

4

.717

%

,

8/13/26

....

2,019

1,922

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8734639.SQ.FTS.B

,

4

.717

%

,

8/13/26

....

$

33,355

$

31,798

a

8732779.SQ.FTS.B

,

4

.721

%

,

8/13/26

....

2,385

2,250

a

8731142.SQ.FTS.B

,

4

.73

%

,

8/13/26

.....

2,501

2,381

a

8731254.SQ.FTS.B

,

5

.031

%

,

8/13/26

....

3,111

2,906

a

8733116.SQ.FTS.B

,

5

.031

%

,

8/13/26

....

48,351

46,121

a

8735089.SQ.FTS.B

,

5

.031

%

,

8/13/26

....

7,183

6,435

a

8733952.SQ.FTS.B

,

5

.344

%

,

8/13/26

....

9,865

9,381

a

8734081.SQ.FTS.B

,

5

.344

%

,

8/13/26

....

9,887

8,530

a

8733763.SQ.FTS.B

,

5

.346

%

,

8/13/26

....

11,672

11,107

a

8735032.SQ.FTS.B

,

5

.347

%

,

8/13/26

....

4,819

4,592

a

8734489.SQ.FTS.B

,

5

.598

%

,

8/13/26

....

6,156

5,862

a

8732544.SQ.FTS.B

,

6

.098

%

,

8/13/26

....

8,437

8,030

a

8731659.SQ.FTS.B

,

6

.1

%

,

8/13/26

......

6,697

6,260

a

8734589.SQ.FTS.B

,

6

.103

%

,

8/13/26

....

2,872

2,624

a

8735076.SQ.FTS.B

,

6

.103

%

,

8/13/26

....

1,636

1,377

a

8732750.SQ.FTS.B

,

6

.105

%

,

8/13/26

....

1,749

1,663

a

8734988.SQ.FTS.B

,

6

.106

%

,

8/13/26

....

4,781

4,545

a

8731863.SQ.FTS.B

,

6

.118

%

,

8/13/26

....

1,129

1,031

a

8732814.SQ.FTS.B

,

6

.289

%

,

8/13/26

....

2,186

2,059

a

8731734.SQ.FTS.B

,

6

.449

%

,

8/13/26

....

6,746

6,418

a

8732893.SQ.FTS.B

,

6

.46

%

,

8/13/26

.....

1,647

1,550

a

8738820.SQ.FTS.B

,

4

.717

%

,

8/14/26

....

70,044

66,684

a

8736591.SQ.FTS.B

,

4

.72

%

,

8/14/26

.....

4,617

4,396

a

8738204.SQ.FTS.B

,

4

.726

%

,

8/14/26

....

3,441

3,282

a

8736688.SQ.FTS.B

,

4

.932

%

,

8/14/26

....

1,562

1,473

a

8736524.SQ.FTS.B

,

4

.937

%

,

8/14/26

....

2,296

2,134

a

8735411.SQ.FTS.B

,

5

.031

%

,

8/14/26

....

53,511

49,993

a

8738044.SQ.FTS.B

,

5

.031

%

,

8/14/26

....

15,715

14,684

a

8736986.SQ.FTS.B

,

5

.349

%

,

8/14/26

....

11,533

9,962

a

8737181.SQ.FTS.B

,

5

.597

%

,

8/14/26

....

69,922

60,451

a

8738022.SQ.FTS.B

,

5

.6

%

,

8/14/26

......

1,094

798

a

8736935.SQ.FTS.B

,

5

.606

%

,

8/14/26

....

2,893

2,724

a

8738248.SQ.FTS.B

,

5

.909

%

,

8/14/26

....

5,567

5,337

a

8736763.SQ.FTS.B

,

5

.914

%

,

8/14/26

....

9,589

9,215

a

8738355.SQ.FTS.B

,

5

.927

%

,

8/14/26

....

1,793

1,680

a

8738379.SQ.FTS.B

,

6

.101

%

,

8/14/26

....

25,782

24,530

a

8736721.SQ.FTS.B

,

6

.102

%

,

8/14/26

....

6,309

5,898

a

8738347.SQ.FTS.B

,

6

.255

%

,

8/14/26

....

491

472

a

8737152.SQ.FTS.B

,

6

.447

%

,

8/14/26

....

1,654

1,583

a

8736975.SQ.FTS.B

,

6

.453

%

,

8/14/26

....

1,111

1,043

a

8737978.SQ.FTS.B

,

6

.462

%

,

8/14/26

....

1,580

1,438

a

8739943.SQ.FTS.B

,

4

.717

%

,

8/15/26

....

964

921

a

8739949.SQ.FTS.B

,

4

.717

%

,

8/15/26

....

10,544

10,038

a

8739218.SQ.FTS.B

,

5

.031

%

,

8/15/26

....

105,272

98,397

a

8739849.SQ.FTS.B

,

5

.346

%

,

8/15/26

....

5,785

5,507

a

8739830.SQ.FTS.B

,

5

.63

%

,

8/15/26

.....

2,345

1,266

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

78

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8739905.SQ.FTS.B

,

6

.106

%

,

8/15/26

....

$

4,056

$

3,903

a

8740649.SQ.FTS.B

,

4

.714

%

,

8/16/26

....

3,656

3,488

a

8740604.SQ.FTS.B

,

4

.715

%

,

8/16/26

....

6,686

4,901

a

8740545.SQ.FTS.B

,

4

.719

%

,

8/16/26

....

8,098

7,666

a

8740764.SQ.FTS.B

,

5

.026

%

,

8/16/26

....

2,339

2,238

a

8740643.SQ.FTS.B

,

5

.031

%

,

8/16/26

....

952

910

a

8740713.SQ.FTS.B

,

5

.031

%

,

8/16/26

....

6,345

6,051

a

8740391.SQ.FTS.B

,

5

.597

%

,

8/16/26

....

15,455

14,395

a

8740039.SQ.FTS.B

,

5

.598

%

,

8/16/26

....

41,177

35,753

a

8740302.SQ.FTS.B

,

5

.602

%

,

8/16/26

....

2,093

1,988

a

8740376.SQ.FTS.B

,

5

.914

%

,

8/16/26

....

1,700

1,634

a

8740580.SQ.FTS.B

,

6

.096

%

,

8/16/26

....

2,475

2,355

a

8740321.SQ.FTS.B

,

6

.289

%

,

8/16/26

....

6,773

6,309

a

8740487.SQ.FTS.B

,

6

.289

%

,

8/16/26

....

7,201

6,708

a

8740298.SQ.FTS.B

,

6

.304

%

,

8/16/26

....

665

639

a

8740635.SQ.FTS.B

,

6

.415

%

,

8/16/26

....

438

416

a

8740682.SQ.FTS.B

,

6

.447

%

,

8/16/26

....

3,964

3,693

a

8740791.SQ.FTS.B

,

6

.447

%

,

8/16/26

....

3,343

3,227

a

8741536.SQ.FTS.B

,

4

.716

%

,

8/17/26

....

10,728

10,226

a

8741345.SQ.FTS.B

,

4

.717

%

,

8/17/26

....

6,858

6,546

a

8741830.SQ.FTS.B

,

4

.717

%

,

8/17/26

....

38,383

36,623

a

8741139.SQ.FTS.B

,

4

.927

%

,

8/17/26

....

959

904

a

8741094.SQ.FTS.B

,

5

.031

%

,

8/17/26

....

7,447

7,090

a

8741495.SQ.FTS.B

,

5

.031

%

,

8/17/26

....

5,838

5,564

a

8741770.SQ.FTS.B

,

5

.031

%

,

8/17/26

....

9,279

8,783

a

8740836.SQ.FTS.B

,

5

.345

%

,

8/17/26

....

12,698

11,905

a

8740897.SQ.FTS.B

,

5

.348

%

,

8/17/26

....

17,197

14,921

a

8741383.SQ.FTS.B

,

5

.596

%

,

8/17/26

....

15,683

13,655

a

8741147.SQ.FTS.B

,

5

.66

%

,

8/17/26

.....

472

451

a

8741010.SQ.FTS.B

,

6

.289

%

,

8/17/26

....

13,776

12,834

a

8741148.SQ.FTS.B

,

6

.446

%

,

8/17/26

....

37,350

35,083

a

8741593.SQ.FTS.B

,

6

.447

%

,

8/17/26

....

36,553

34,759

a

8744525.SQ.FTS.B

,

4

.717

%

,

8/18/26

....

7,088

6,764

a

8744882.SQ.FTS.B

,

4

.717

%

,

8/18/26

....

4,994

4,763

a

8743960.SQ.FTS.B

,

4

.718

%

,

8/18/26

....

6,548

6,022

a

8744053.SQ.FTS.B

,

4

.726

%

,

8/18/26

....

3,470

3,314

a

8744429.SQ.FTS.B

,

5

.031

%

,

8/18/26

....

7,935

7,553

a

8744955.SQ.FTS.B

,

5

.031

%

,

8/18/26

....

65,036

61,935

a

8745797.SQ.FTS.B

,

5

.031

%

,

8/18/26

....

2,707

2,562

a

8746115.SQ.FTS.B

,

5

.031

%

,

8/18/26

....

30,129

28,697

a

8744573.SQ.FTS.B

,

5

.036

%

,

8/18/26

....

5,668

5,377

a

8743657.SQ.FTS.B

,

5

.346

%

,

8/18/26

....

5,955

5,584

a

8746427.SQ.FTS.B

,

5

.346

%

,

8/18/26

....

36,579

34,536

a

8746316.SQ.FTS.B

,

5

.348

%

,

8/18/26

....

14,056

13,184

a

8744275.SQ.FTS.B

,

5

.597

%

,

8/18/26

....

14,836

13,716

a

8744717.SQ.FTS.B

,

5

.597

%

,

8/18/26

....

13,554

12,940

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8745996.SQ.FTS.B

,

5

.597

%

,

8/18/26

....

$

10,282

$

9,840

a

8744604.SQ.FTS.B

,

5

.912

%

,

8/18/26

....

11,999

11,475

a

8745932.SQ.FTS.B

,

6

.087

%

,

8/18/26

....

1,176

1,112

a

8746286.SQ.FTS.B

,

6

.098

%

,

8/18/26

....

2,550

2,169

a

8746269.SQ.FTS.B

,

6

.101

%

,

8/18/26

....

1,844

1,766

a

8743880.SQ.FTS.B

,

6

.105

%

,

8/18/26

....

5,202

4,942

a

8744514.SQ.FTS.B

,

6

.122

%

,

8/18/26

....

1,556

1,387

a

8743812.SQ.FTS.B

,

6

.289

%

,

8/18/26

....

2,019

1,837

a

8745873.SQ.FTS.B

,

6

.44

%

,

8/18/26

.....

2,201

2,102

a

8745840.SQ.FTS.B

,

6

.441

%

,

8/18/26

....

1,362

1,295

a

8744090.SQ.FTS.B

,

6

.447

%

,

8/18/26

....

12,794

12,309

a

8745954.SQ.FTS.B

,

6

.447

%

,

8/18/26

....

4,430

4,210

a

8748244.SQ.FTS.B

,

4

.717

%

,

8/19/26

....

8,115

7,737

a

8749050.SQ.FTS.B

,

4

.717

%

,

8/19/26

....

33,974

31,271

a

8749543.SQ.FTS.B

,

4

.717

%

,

8/19/26

....

15,342

14,625

a

8748342.SQ.FTS.B

,

4

.719

%

,

8/19/26

....

19,220

18,319

a

8748154.SQ.FTS.B

,

4

.722

%

,

8/19/26

....

3,279

3,125

a

8746675.SQ.FTS.B

,

4

.907

%

,

8/19/26

....

548

523

a

8746881.SQ.FTS.B

,

4

.935

%

,

8/19/26

....

3,941

3,789

a

8750021.SQ.FTS.B

,

4

.955

%

,

8/19/26

....

708

683

a

8748498.SQ.FTS.B

,

5

.027

%

,

8/19/26

....

6,072

5,781

a

8747743.SQ.FTS.B

,

5

.031

%

,

8/19/26

....

9,048

8,526

a

8750220.SQ.FTS.B

,

5

.031

%

,

8/19/26

....

45,518

43,366

a

8748619.SQ.FTS.B

,

5

.345

%

,

8/19/26

....

4,508

4,297

a

8746772.SQ.FTS.B

,

5

.346

%

,

8/19/26

....

6,971

6,624

a

8748452.SQ.FTS.B

,

5

.358

%

,

8/19/26

....

2,388

2,269

a

8747820.SQ.FTS.B

,

5

.597

%

,

8/19/26

....

15,554

14,382

a

8748544.SQ.FTS.B

,

5

.598

%

,

8/19/26

....

6,759

5,910

a

8749826.SQ.FTS.B

,

5

.598

%

,

8/19/26

....

21,284

20,318

a

8748662.SQ.FTS.B

,

5

.912

%

,

8/19/26

....

54,327

49,911

a

8750091.SQ.FTS.B

,

5

.912

%

,

8/19/26

....

14,512

13,816

a

8748470.SQ.FTS.B

,

6

.099

%

,

8/19/26

....

2,369

2,251

a

8749279.SQ.FTS.B

,

6

.101

%

,

8/19/26

....

20,422

19,315

a

8746741.SQ.FTS.B

,

6

.11

%

,

8/19/26

.....

1,169

1,120

a

8747782.SQ.FTS.B

,

6

.11

%

,

8/19/26

.....

3,389

3,205

a

8748330.SQ.FTS.B

,

6

.11

%

,

8/19/26

.....

1,365

1,278

a

8748645.SQ.FTS.B

,

6

.11

%

,

8/19/26

.....

1,133

1,079

a

8748610.SQ.FTS.B

,

6

.301

%

,

8/19/26

....

683

660

a

8746959.SQ.FTS.B

,

6

.447

%

,

8/19/26

....

23,093

21,969

a

8747688.SQ.FTS.B

,

6

.447

%

,

8/19/26

....

6,920

5,778

a

8750040.SQ.FTS.B

,

6

.451

%

,

8/19/26

....

2,088

1,744

a

8748218.SQ.FTS.B

,

6

.464

%

,

8/19/26

....

1,570

1,499

a

8752889.SQ.FTS.B

,

4

.717

%

,

8/20/26

....

23,813

21,926

a

8755592.SQ.FTS.B

,

4

.717

%

,

8/20/26

....

60,118

57,347

a

8753926.SQ.FTS.B

,

4

.718

%

,

8/20/26

....

13,122

12,480

a

8754762.SQ.FTS.B

,

4

.718

%

,

8/20/26

....

47,104

44,837

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

79

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8756496.SQ.FTS.B

,

4

.718

%

,

8/20/26

....

$

29,859

$

28,396

a

8753747.SQ.FTS.B

,

4

.719

%

,

8/20/26

....

4,671

4,433

a

8754270.SQ.FTS.B

,

4

.719

%

,

8/20/26

....

8,294

7,872

a

8756134.SQ.FTS.B

,

4

.719

%

,

8/20/26

....

21,709

20,475

a

8754728.SQ.FTS.B

,

4

.898

%

,

8/20/26

....

520

496

a

8756432.SQ.FTS.B

,

5

.031

%

,

8/20/26

....

8,127

7,709

a

8753793.SQ.FTS.B

,

5

.912

%

,

8/20/26

....

11,972

11,233

a

8754458.SQ.FTS.B

,

5

.916

%

,

8/20/26

....

7,921

7,533

a

8753305.SQ.FTS.B

,

6

.098

%

,

8/20/26

....

1,593

1,506

a

8753393.SQ.FTS.B

,

6

.1

%

,

8/20/26

......

16,722

15,816

a

8756830.SQ.FTS.B

,

6

.101

%

,

8/20/26

....

22,339

20,490

a

8753710.SQ.FTS.B

,

6

.304

%

,

8/20/26

....

1,775

1,385

a

8753727.SQ.FTS.B

,

6

.44

%

,

8/20/26

.....

2,300

2,181

a

8753600.SQ.FTS.B

,

6

.442

%

,

8/20/26

....

5,059

4,830

a

8753313.SQ.FTS.B

,

6

.449

%

,

8/20/26

....

6,031

5,771

a

8758803.SQ.FTS.B

,

4

.71

%

,

8/21/26

.....

3,665

3,457

a

8757740.SQ.FTS.B

,

4

.717

%

,

8/21/26

....

5,178

4,919

a

8757806.SQ.FTS.B

,

4

.717

%

,

8/21/26

....

19,514

18,577

a

8758856.SQ.FTS.B

,

4

.717

%

,

8/21/26

....

103,735

97,835

a

8758296.SQ.FTS.B

,

4

.72

%

,

8/21/26

.....

5,545

5,231

a

8760691.SQ.FTS.B

,

4

.953

%

,

8/21/26

....

696

671

a

8760081.SQ.FTS.B

,

5

.026

%

,

8/21/26

....

4,726

4,483

a

8757502.SQ.FTS.B

,

5

.031

%

,

8/21/26

....

22,706

21,610

a

8758163.SQ.FTS.B

,

5

.336

%

,

8/21/26

....

1,802

1,580

a

8760145.SQ.FTS.B

,

5

.338

%

,

8/21/26

....

1,512

1,441

a

8760663.SQ.FTS.B

,

5

.341

%

,

8/21/26

....

4,524

4,329

a

8757068.SQ.FTS.B

,

5

.597

%

,

8/21/26

....

5,352

4,951

a

8757776.SQ.FTS.B

,

5

.597

%

,

8/21/26

....

2,832

2,704

a

8757150.SQ.FTS.B

,

5

.629

%

,

8/21/26

....

7,411

7,151

a

8758094.SQ.FTS.B

,

5

.897

%

,

8/21/26

....

1,786

1,699

a

8758432.SQ.FTS.B

,

6

.1

%

,

8/21/26

......

13,996

13,121

a

8757407.SQ.FTS.B

,

6

.101

%

,

8/21/26

....

7,686

6,594

a

8758015.SQ.FTS.B

,

6

.101

%

,

8/21/26

....

1,947

1,851

a

8758230.SQ.FTS.B

,

6

.441

%

,

8/21/26

....

2,780

2,643

a

8760172.SQ.FTS.B

,

6

.446

%

,

8/21/26

....

22,215

20,292

a

8760156.SQ.FTS.B

,

6

.447

%

,

8/21/26

....

1,724

1,449

a

8760699.SQ.FTS.B

,

6

.448

%

,

8/21/26

....

17,977

16,628

a

8760141.SQ.FTS.B

,

6

.457

%

,

8/21/26

....

2,953

2,809

a

8761256.SQ.FTS.B

,

4

.714

%

,

8/22/26

....

4,706

4,475

a

8761743.SQ.FTS.B

,

4

.717

%

,

8/22/26

....

6,450

6,147

a

8761842.SQ.FTS.B

,

4

.718

%

,

8/22/26

....

37,203

34,341

a

8761199.SQ.FTS.B

,

4

.719

%

,

8/22/26

....

7,316

6,973

a

8761316.SQ.FTS.B

,

4

.72

%

,

8/22/26

.....

9,392

8,959

a

8761277.SQ.FTS.B

,

4

.721

%

,

8/22/26

....

7,149

6,836

a

8761615.SQ.FTS.B

,

4

.721

%

,

8/22/26

....

7,818

7,423

a

8761140.SQ.FTS.B

,

4

.729

%

,

8/22/26

....

2,699

2,574

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8761597.SQ.FTS.B

,

4

.931

%

,

8/22/26

....

$

2,846

$

1,592

a

8761157.SQ.FTS.B

,

4

.962

%

,

8/22/26

....

724

695

a

8761669.SQ.FTS.B

,

5

.026

%

,

8/22/26

....

4,662

4,451

a

8761165.SQ.FTS.B

,

5

.036

%

,

8/22/26

....

4,698

4,494

a

8761697.SQ.FTS.B

,

5

.343

%

,

8/22/26

....

4,264

4,059

a

8761244.SQ.FTS.B

,

5

.625

%

,

8/22/26

....

1,988

1,524

a

8761660.SQ.FTS.B

,

5

.639

%

,

8/22/26

....

2,858

2,683

a

8761577.SQ.FTS.B

,

5

.66

%

,

8/22/26

.....

855

812

a

8761371.SQ.FTS.B

,

6

.101

%

,

8/22/26

....

32,504

30,487

a

8761554.SQ.FTS.B

,

6

.281

%

,

8/22/26

....

1,473

1,377

a

8761564.SQ.FTS.B

,

6

.281

%

,

8/22/26

....

1,440

1,377

a

8761792.SQ.FTS.B

,

6

.449

%

,

8/22/26

....

6,259

5,283

a

8762559.SQ.FTS.B

,

4

.717

%

,

8/23/26

....

8,628

8,173

a

8762644.SQ.FTS.B

,

4

.717

%

,

8/23/26

....

6,829

6,497

a

8762803.SQ.FTS.B

,

4

.719

%

,

8/23/26

....

7,760

7,170

a

8762304.SQ.FTS.B

,

5

.031

%

,

8/23/26

....

11,681

11,089

a

8762394.SQ.FTS.B

,

5

.031

%

,

8/23/26

....

10,158

9,671

a

8762539.SQ.FTS.B

,

5

.041

%

,

8/23/26

....

2,663

2,527

a

8762704.SQ.FTS.B

,

5

.34

%

,

8/23/26

.....

2,387

2,281

a

8762480.SQ.FTS.B

,

5

.343

%

,

8/23/26

....

6,913

6,393

a

8762631.SQ.FTS.B

,

5

.591

%

,

8/23/26

....

2,246

2,142

a

8762852.SQ.FTS.B

,

5

.913

%

,

8/23/26

....

33,787

32,167

a

8762215.SQ.FTS.B

,

6

.1

%

,

8/23/26

......

12,210

11,629

a

8762794.SQ.FTS.B

,

6

.265

%

,

8/23/26

....

669

646

a

8762790.SQ.FTS.B

,

6

.277

%

,

8/23/26

....

170

164

a

8762158.SQ.FTS.B

,

6

.289

%

,

8/23/26

....

3,983

3,846

a

8762725.SQ.FTS.B

,

6

.447

%

,

8/23/26

....

8,880

8,368

a

8762072.SQ.FTS.B

,

6

.448

%

,

8/23/26

....

12,462

11,859

a

8763903.SQ.FTS.B

,

4

.717

%

,

8/24/26

....

9,900

9,447

a

8764745.SQ.FTS.B

,

4

.717

%

,

8/24/26

....

17,600

16,618

a

8765480.SQ.FTS.B

,

4

.717

%

,

8/24/26

....

1,519

1,453

a

8766950.SQ.FTS.B

,

4

.717

%

,

8/24/26

....

11,665

11,120

a

8767140.SQ.FTS.B

,

4

.717

%

,

8/24/26

....

27,723

26,412

a

8767360.SQ.FTS.B

,

4

.717

%

,

8/24/26

....

64,006

60,650

a

8766354.SQ.FTS.B

,

4

.718

%

,

8/24/26

....

34,942

33,388

a

8766859.SQ.FTS.B

,

4

.719

%

,

8/24/26

....

12,586

12,007

a

8765158.SQ.FTS.B

,

4

.721

%

,

8/24/26

....

3,839

3,637

a

8765505.SQ.FTS.B

,

4

.721

%

,

8/24/26

....

7,501

7,165

a

8765380.SQ.FTS.B

,

4

.725

%

,

8/24/26

....

3,770

3,593

a

8765466.SQ.FTS.B

,

4

.73

%

,

8/24/26

.....

2,674

2,526

a

8765501.SQ.FTS.B

,

4

.904

%

,

8/24/26

....

460

444

a

8765282.SQ.FTS.B

,

4

.929

%

,

8/24/26

....

3,599

3,126

a

8766802.SQ.FTS.B

,

5

.031

%

,

8/24/26

....

5,151

4,930

a

8765645.SQ.FTS.B

,

5

.346

%

,

8/24/26

....

8,482

7,973

a

8765358.SQ.FTS.B

,

5

.605

%

,

8/24/26

....

2,225

2,123

a

8764663.SQ.FTS.B

,

6

.097

%

,

8/24/26

....

3,302

3,163

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

80

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8765591.SQ.FTS.B

,

6

.102

%

,

8/24/26

....

$

3,305

$

3,166

a

8765578.SQ.FTS.B

,

6

.132

%

,

8/24/26

....

798

759

a

8764309.SQ.FTS.B

,

6

.319

%

,

8/24/26

....

832

785

a

8765325.SQ.FTS.B

,

6

.439

%

,

8/24/26

....

2,968

2,808

a

8764323.SQ.FTS.B

,

6

.446

%

,

8/24/26

....

10,944

10,344

a

8764566.SQ.FTS.B

,

6

.447

%

,

8/24/26

....

3,600

3,383

a

8765761.SQ.FTS.B

,

6

.447

%

,

8/24/26

....

58,598

49,996

a

8767028.SQ.FTS.B

,

6

.447

%

,

8/24/26

....

11,278

10,659

a

8765237.SQ.FTS.B

,

6

.449

%

,

8/24/26

....

7,811

7,442

a

8770518.SQ.FTS.B

,

4

.713

%

,

8/25/26

....

3,993

3,772

a

8770644.SQ.FTS.B

,

4

.717

%

,

8/25/26

....

7,238

6,906

a

8771837.SQ.FTS.B

,

4

.717

%

,

8/25/26

....

42,463

40,535

a

8770437.SQ.FTS.B

,

4

.719

%

,

8/25/26

....

15,410

14,678

a

8768490.SQ.FTS.B

,

4

.72

%

,

8/25/26

.....

11,095

10,517

a

8768358.SQ.FTS.B

,

4

.924

%

,

8/25/26

....

1,342

1,236

a

8767815.SQ.FTS.B

,

4

.927

%

,

8/25/26

....

1,366

1,240

a

8770401.SQ.FTS.B

,

4

.939

%

,

8/25/26

....

7,671

7,169

a

8770289.SQ.FTS.B

,

4

.941

%

,

8/25/26

....

661

632

a

8768709.SQ.FTS.B

,

5

.031

%

,

8/25/26

....

25,639

24,487

a

8770361.SQ.FTS.B

,

5

.031

%

,

8/25/26

....

8,474

7,954

a

8767847.SQ.FTS.B

,

5

.343

%

,

8/25/26

....

2,463

2,341

a

8770305.SQ.FTS.B

,

5

.346

%

,

8/25/26

....

6,071

5,786

a

8771824.SQ.FTS.B

,

5

.356

%

,

8/25/26

....

1,593

1,510

a

8768370.SQ.FTS.B

,

5

.602

%

,

8/25/26

....

5,578

5,292

a

8767882.SQ.FTS.B

,

5

.911

%

,

8/25/26

....

34,638

32,996

a

8769290.SQ.FTS.B

,

5

.912

%

,

8/25/26

....

55,408

52,680

a

8770878.SQ.FTS.B

,

5

.912

%

,

8/25/26

....

89,695

85,071

a

8768683.SQ.FTS.B

,

6

.093

%

,

8/25/26

....

2,093

2,006

a

8770549.SQ.FTS.B

,

6

.102

%

,

8/25/26

....

9,719

9,143

a

8770705.SQ.FTS.B

,

6

.102

%

,

8/25/26

....

19,655

18,834

a

8768445.SQ.FTS.B

,

6

.454

%

,

8/25/26

....

2,055

1,903

a

8772198.SQ.FTS.B

,

4

.717

%

,

8/26/26

....

77,894

72,890

a

8773755.SQ.FTS.B

,

4

.717

%

,

8/26/26

....

17,605

16,502

a

8775520.SQ.FTS.B

,

4

.717

%

,

8/26/26

....

14,359

13,452

a

8775669.SQ.FTS.B

,

4

.717

%

,

8/26/26

....

9,398

8,805

a

8776086.SQ.FTS.B

,

4

.717

%

,

8/26/26

....

18,954

17,761

a

8776617.SQ.FTS.B

,

4

.717

%

,

8/26/26

....

2,071

1,940

a

8775403.SQ.FTS.B

,

4

.72

%

,

8/26/26

.....

12,167

11,401

a

8772114.SQ.FTS.B

,

4

.937

%

,

8/26/26

....

7,437

6,885

a

8774054.SQ.FTS.B

,

4

.938

%

,

8/26/26

....

41,141

37,864

a

8776257.SQ.FTS.B

,

5

.031

%

,

8/26/26

....

23,188

21,623

a

8773689.SQ.FTS.B

,

5

.327

%

,

8/26/26

....

857

795

a

8775051.SQ.FTS.B

,

5

.597

%

,

8/26/26

....

31,697

29,264

a

8776448.SQ.FTS.B

,

5

.598

%

,

8/26/26

....

21,669

20,042

a

8776630.SQ.FTS.B

,

5

.599

%

,

8/26/26

....

14,649

13,576

a

8776214.SQ.FTS.B

,

5

.601

%

,

8/26/26

....

5,064

4,675

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8773992.SQ.FTS.B

,

5

.603

%

,

8/26/26

....

$

5,832

$

5,401

a

8775795.SQ.FTS.B

,

5

.909

%

,

8/26/26

....

8,320

7,679

a

8773712.SQ.FTS.B

,

6

.091

%

,

8/26/26

....

2,076

1,908

a

8775938.SQ.FTS.B

,

6

.096

%

,

8/26/26

....

2,815

2,585

a

8773519.SQ.FTS.B

,

6

.289

%

,

8/26/26

....

13,052

11,791

a

8775376.SQ.FTS.B

,

6

.436

%

,

8/26/26

....

2,056

1,871

a

8775905.SQ.FTS.B

,

6

.447

%

,

8/26/26

....

2,006

1,831

a

8776534.SQ.FTS.B

,

6

.448

%

,

8/26/26

....

12,863

11,673

a

8775508.SQ.FTS.B

,

6

.454

%

,

8/26/26

....

4,690

4,302

a

8776077.SQ.FTS.B

,

6

.454

%

,

8/26/26

....

1,058

968

a

8783684.SQ.FTS.B

,

4

.711

%

,

8/27/26

....

5,240

4,910

a

8779876.SQ.FTS.B

,

4

.715

%

,

8/27/26

....

8,599

8,055

a

8780013.SQ.FTS.B

,

4

.717

%

,

8/27/26

....

3,139

2,940

a

8780880.SQ.FTS.B

,

4

.717

%

,

8/27/26

....

9,606

8,996

a

8781807.SQ.FTS.B

,

4

.717

%

,

8/27/26

....

12,718

11,907

a

8783370.SQ.FTS.B

,

4

.717

%

,

8/27/26

....

18,823

17,628

a

8780045.SQ.FTS.B

,

4

.718

%

,

8/27/26

....

30,215

28,296

a

8781092.SQ.FTS.B

,

4

.718

%

,

8/27/26

....

12,744

11,924

a

8782555.SQ.FTS.B

,

4

.72

%

,

8/27/26

.....

12,442

11,654

a

8781800.SQ.FTS.B

,

4

.953

%

,

8/27/26

....

654

595

a

8779207.SQ.FTS.B

,

4

.969

%

,

8/27/26

....

983

908

a

8779842.SQ.FTS.B

,

5

.031

%

,

8/27/26

....

1,943

1,814

a

8781315.SQ.FTS.B

,

5

.031

%

,

8/27/26

....

36,632

34,133

a

8783620.SQ.FTS.B

,

5

.031

%

,

8/27/26

....

7,428

6,929

a

8780769.SQ.FTS.B

,

5

.34

%

,

8/27/26

.....

3,634

3,360

a

8783807.SQ.FTS.B

,

5

.595

%

,

8/27/26

....

6,426

5,941

a

8779347.SQ.FTS.B

,

6

.1

%

,

8/27/26

......

43,651

40,056

a

8780857.SQ.FTS.B

,

6

.267

%

,

8/27/26

....

1,227

1,123

a

8782761.SQ.FTS.B

,

6

.289

%

,

8/27/26

....

49,450

45,048

a

8782013.SQ.FTS.B

,

6

.446

%

,

8/27/26

....

60,217

55,009

a

8781935.SQ.FTS.B

,

6

.451

%

,

8/27/26

....

5,084

4,609

a

8785681.SQ.FTS.B

,

4

.714

%

,

8/28/26

....

6,096

5,709

a

8783959.SQ.FTS.B

,

4

.717

%

,

8/28/26

....

4,111

3,832

a

8784012.SQ.FTS.B

,

4

.717

%

,

8/28/26

....

31,585

29,578

a

8787198.SQ.FTS.B

,

4

.717

%

,

8/28/26

....

9,521

8,917

a

8787368.SQ.FTS.B

,

4

.717

%

,

8/28/26

....

24,977

23,354

a

8788146.SQ.FTS.B

,

4

.717

%

,

8/28/26

....

14,970

14,024

a

8786475.SQ.FTS.B

,

4

.718

%

,

8/28/26

....

23,237

21,770

a

8787951.SQ.FTS.B

,

4

.719

%

,

8/28/26

....

15,970

14,950

a

8786772.SQ.FTS.B

,

4

.721

%

,

8/28/26

....

8,972

8,402

a

8786350.SQ.FTS.B

,

4

.728

%

,

8/28/26

....

3,101

2,904

a

8786873.SQ.FTS.B

,

4

.728

%

,

8/28/26

....

2,850

2,666

a

8787750.SQ.FTS.B

,

4

.738

%

,

8/28/26

....

1,589

1,488

a

8785185.SQ.FTS.B

,

4

.935

%

,

8/28/26

....

2,938

2,641

a

8786759.SQ.FTS.B

,

4

.942

%

,

8/28/26

....

561

509

a

8787719.SQ.FTS.B

,

5

.017

%

,

8/28/26

....

1,800

1,677

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

81

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8786625.SQ.FTS.B

,

5

.031

%

,

8/28/26

....

$

7,835

$

7,304

a

8786888.SQ.FTS.B

,

5

.031

%

,

8/28/26

....

11,269

10,509

a

8787248.SQ.FTS.B

,

5

.031

%

,

8/28/26

....

10,337

9,637

a

8786080.SQ.FTS.B

,

5

.346

%

,

8/28/26

....

26,189

24,316

a

8784843.SQ.FTS.B

,

5

.629

%

,

8/28/26

....

8,670

7,798

a

8784546.SQ.FTS.B

,

5

.911

%

,

8/28/26

....

18,218

16,772

a

8787076.SQ.FTS.B

,

5

.911

%

,

8/28/26

....

9,327

8,567

a

8785078.SQ.FTS.B

,

5

.917

%

,

8/28/26

....

6,596

6,076

a

8785237.SQ.FTS.B

,

6

.101

%

,

8/28/26

....

25,512

23,406

a

8787785.SQ.FTS.B

,

6

.101

%

,

8/28/26

....

12,228

11,218

a

8786720.SQ.FTS.B

,

6

.105

%

,

8/28/26

....

7,737

7,099

a

8785814.SQ.FTS.B

,

6

.289

%

,

8/28/26

....

17,004

15,363

a

8786363.SQ.FTS.B

,

6

.289

%

,

8/28/26

....

7,048

6,425

a

8787025.SQ.FTS.B

,

6

.289

%

,

8/28/26

....

7,581

6,882

a

8788129.SQ.FTS.B

,

6

.297

%

,

8/28/26

....

3,320

3,016

a

8786823.SQ.FTS.B

,

6

.447

%

,

8/28/26

....

10,091

9,192

a

8787299.SQ.FTS.B

,

6

.451

%

,

8/28/26

....

6,736

6,143

a

8785764.SQ.FTS.B

,

6

.462

%

,

8/28/26

....

1,675

1,532

a

8789222.SQ.FTS.B

,

4

.717

%

,

9/01/26

....

1,967

1,843

a

8789475.SQ.FTS.B

,

4

.717

%

,

9/01/26

....

6,277

5,877

a

8789658.SQ.FTS.B

,

4

.72

%

,

9/01/26

.....

10,812

10,127

a

8789847.SQ.FTS.B

,

4

.731

%

,

9/01/26

....

2,398

2,245

a

8789575.SQ.FTS.B

,

5

.02

%

,

9/01/26

.....

2,357

2,198

a

8789258.SQ.FTS.B

,

5

.031

%

,

9/01/26

....

6,885

6,420

a

8789927.SQ.FTS.B

,

5

.034

%

,

9/01/26

....

5,046

4,702

a

8789135.SQ.FTS.B

,

5

.344

%

,

9/01/26

....

10,500

9,746

a

8789746.SQ.FTS.B

,

5

.346

%

,

9/01/26

....

2,508

2,319

a

8789532.SQ.FTS.B

,

5

.349

%

,

9/01/26

....

6,095

5,654

a

8789824.SQ.FTS.B

,

5

.356

%

,

9/01/26

....

2,966

2,746

a

8789114.SQ.FTS.B

,

5

.597

%

,

9/01/26

....

3,743

3,463

a

8789181.SQ.FTS.B

,

5

.597

%

,

9/01/26

....

11,065

10,236

a

8789863.SQ.FTS.B

,

5

.598

%

,

9/01/26

....

8,601

7,956

a

8789282.SQ.FTS.B

,

5

.912

%

,

9/01/26

....

27,607

25,332

a

8789760.SQ.FTS.B

,

6

.094

%

,

9/01/26

....

5,247

4,831

a

8789225.SQ.FTS.B

,

6

.104

%

,

9/01/26

....

5,187

4,712

a

8789620.SQ.FTS.B

,

6

.447

%

,

9/01/26

....

3,944

3,595

a

8789593.SQ.FTS.B

,

6

.449

%

,

9/01/26

....

3,813

3,483

a

8789787.SQ.FTS.B

,

6

.454

%

,

9/01/26

....

3,956

3,596

a

8790093.SQ.FTS.B

,

4

.705

%

,

9/02/26

....

1,891

1,771

a

8790108.SQ.FTS.B

,

4

.717

%

,

9/02/26

....

4,074

3,813

a

8790416.SQ.FTS.B

,

4

.719

%

,

9/02/26

....

17,344

16,230

a

8790323.SQ.FTS.B

,

4

.72

%

,

9/02/26

.....

11,755

11,007

a

8790172.SQ.FTS.B

,

4

.722

%

,

9/02/26

....

4,291

4,018

a

8790213.SQ.FTS.B

,

4

.725

%

,

9/02/26

....

4,317

4,042

a

8790708.SQ.FTS.B

,

4

.936

%

,

9/02/26

....

7,833

7,238

a

8790247.SQ.FTS.B

,

5

.031

%

,

9/02/26

....

9,635

8,985

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8789997.SQ.FTS.B

,

5

.346

%

,

9/02/26

....

$

16,994

$

15,788

a

8790310.SQ.FTS.B

,

5

.352

%

,

9/02/26

....

1,528

1,416

a

8789991.SQ.FTS.B

,

5

.612

%

,

9/02/26

....

1,111

1,008

a

8790085.SQ.FTS.B

,

6

.091

%

,

9/02/26

....

1,411

1,292

a

8789966.SQ.FTS.B

,

6

.101

%

,

9/02/26

....

3,093

2,838

a

8790143.SQ.FTS.B

,

6

.103

%

,

9/02/26

....

4,461

4,054

a

8790411.SQ.FTS.B

,

6

.322

%

,

9/02/26

....

819

749

a

8790201.SQ.FTS.B

,

6

.442

%

,

9/02/26

....

1,706

1,543

a

8790558.SQ.FTS.B

,

6

.446

%

,

9/02/26

....

20,593

18,712

a

8792148.SQ.FTS.B

,

4

.712

%

,

9/03/26

....

6,752

6,329

a

8791904.SQ.FTS.B

,

4

.713

%

,

9/03/26

....

3,913

3,663

a

8792270.SQ.FTS.B

,

4

.715

%

,

9/03/26

....

8,436

7,903

a

8793302.SQ.FTS.B

,

4

.716

%

,

9/03/26

....

13,657

12,788

a

8791083.SQ.FTS.B

,

4

.717

%

,

9/03/26

....

20,614

19,302

a

8792408.SQ.FTS.B

,

4

.717

%

,

9/03/26

....

23,228

21,744

a

8792728.SQ.FTS.B

,

4

.717

%

,

9/03/26

....

4,337

4,063

a

8793191.SQ.FTS.B

,

4

.717

%

,

9/03/26

....

5,339

4,984

a

8793252.SQ.FTS.B

,

4

.718

%

,

9/03/26

....

5,699

5,333

a

8791725.SQ.FTS.B

,

4

.72

%

,

9/03/26

.....

9,811

9,179

a

8792108.SQ.FTS.B

,

4

.724

%

,

9/03/26

....

4,596

4,301

a

8794915.SQ.FTS.B

,

4

.738

%

,

9/03/26

....

1,578

1,477

a

8790769.SQ.FTS.B

,

4

.931

%

,

9/03/26

....

1,603

1,489

a

8793066.SQ.FTS.B

,

4

.937

%

,

9/03/26

....

2,425

2,262

a

8792807.SQ.FTS.B

,

4

.942

%

,

9/03/26

....

1,292

1,194

a

8792828.SQ.FTS.B

,

5

.031

%

,

9/03/26

....

22,989

21,362

a

8794025.SQ.FTS.B

,

5

.031

%

,

9/03/26

....

29,527

27,527

a

8791604.SQ.FTS.B

,

5

.037

%

,

9/03/26

....

5,006

4,670

a

8790902.SQ.FTS.B

,

5

.344

%

,

9/03/26

....

7,833

7,276

a

8793092.SQ.FTS.B

,

5

.352

%

,

9/03/26

....

5,622

5,215

a

8794524.SQ.FTS.B

,

5

.362

%

,

9/03/26

....

1,888

1,750

a

8792017.SQ.FTS.B

,

5

.597

%

,

9/03/26

....

4,217

3,900

a

8793458.SQ.FTS.B

,

5

.597

%

,

9/03/26

....

47,084

43,422

a

8794375.SQ.FTS.B

,

5

.598

%

,

9/03/26

....

11,667

10,703

a

8794887.SQ.FTS.B

,

5

.618

%

,

9/03/26

....

1,507

1,383

a

8794817.SQ.FTS.B

,

5

.914

%

,

9/03/26

....

1,320

1,215

a

8791974.SQ.FTS.B

,

6

.102

%

,

9/03/26

....

3,596

3,296

a

8790849.SQ.FTS.B

,

6

.103

%

,

9/03/26

....

8,607

7,880

a

8794551.SQ.FTS.B

,

6

.114

%

,

9/03/26

....

2,080

1,908

a

8794017.SQ.FTS.B

,

6

.271

%

,

9/03/26

....

1,396

1,275

a

8790779.SQ.FTS.B

,

6

.289

%

,

9/03/26

....

3,910

3,556

a

8794567.SQ.FTS.B

,

6

.289

%

,

9/03/26

....

16,024

14,496

a

8794698.SQ.FTS.B

,

6

.449

%

,

9/03/26

....

12,063

11,037

a

8792001.SQ.FTS.B

,

6

.459

%

,

9/03/26

....

1,070

968

a

8793999.SQ.FTS.B

,

6

.46

%

,

9/03/26

.....

2,308

2,099

a

8795579.SQ.FTS.B

,

4

.717

%

,

9/04/26

....

13,014

12,190

a

8797127.SQ.FTS.B

,

4

.717

%

,

9/04/26

....

46,500

43,529

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

82

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8798801.SQ.FTS.B

,

4

.717

%

,

9/04/26

....

$

19,396

$

18,161

a

8799517.SQ.FTS.B

,

4

.717

%

,

9/04/26

....

32,260

30,213

a

8798733.SQ.FTS.B

,

4

.719

%

,

9/04/26

....

6,568

6,149

a

8796898.SQ.FTS.B

,

4

.721

%

,

9/04/26

....

8,914

8,345

a

8795518.SQ.FTS.B

,

4

.727

%

,

9/04/26

....

3,425

3,209

a

8797810.SQ.FTS.B

,

4

.937

%

,

9/04/26

....

48,437

44,683

a

8798286.SQ.FTS.B

,

4

.95

%

,

9/04/26

.....

577

529

a

8798958.SQ.FTS.B

,

5

.031

%

,

9/04/26

....

2,552

2,377

a

8798977.SQ.FTS.B

,

5

.031

%

,

9/04/26

....

14,131

13,180

a

8799475.SQ.FTS.B

,

5

.031

%

,

9/04/26

....

9,941

9,268

a

8795948.SQ.FTS.B

,

5

.346

%

,

9/04/26

....

53,103

49,299

a

8798784.SQ.FTS.B

,

5

.347

%

,

9/04/26

....

2,733

2,539

a

8799264.SQ.FTS.B

,

5

.348

%

,

9/04/26

....

18,208

16,891

a

8797068.SQ.FTS.B

,

5

.352

%

,

9/04/26

....

2,840

2,634

a

8799139.SQ.FTS.B

,

5

.603

%

,

9/04/26

....

4,003

3,698

a

8799069.SQ.FTS.B

,

5

.902

%

,

9/04/26

....

2,493

2,285

a

8795707.SQ.FTS.B

,

5

.915

%

,

9/04/26

....

7,784

7,167

a

8798701.SQ.FTS.B

,

5

.917

%

,

9/04/26

....

5,925

5,451

a

8798668.SQ.FTS.B

,

6

.093

%

,

9/04/26

....

3,720

3,407

a

8795530.SQ.FTS.B

,

6

.094

%

,

9/04/26

....

4,169

3,805

a

8799107.SQ.FTS.B

,

6

.437

%

,

9/04/26

....

2,889

2,645

a

8797767.SQ.FTS.B

,

6

.443

%

,

9/04/26

....

7,894

7,199

a

8799183.SQ.FTS.B

,

6

.445

%

,

9/04/26

....

11,781

10,740

a

8796879.SQ.FTS.B

,

6

.447

%

,

9/04/26

....

921

843

a

8797723.SQ.FTS.B

,

6

.447

%

,

9/04/26

....

5,501

5,028

a

8798290.SQ.FTS.B

,

6

.447

%

,

9/04/26

....

36,382

33,080

a

8795309.SQ.FTS.B

,

6

.448

%

,

9/04/26

....

25,505

23,306

a

8798577.SQ.FTS.B

,

6

.449

%

,

9/04/26

....

9,534

8,690

a

8795908.SQ.FTS.B

,

6

.451

%

,

9/04/26

....

3,607

3,288

a

8799168.SQ.FTS.B

,

6

.453

%

,

9/04/26

....

2,644

2,423

a

8797037.SQ.FTS.B

,

6

.464

%

,

9/04/26

....

1,370

1,242

a

8800150.SQ.FTS.B

,

4

.717

%

,

9/05/26

....

6,815

6,381

a

8800898.SQ.FTS.B

,

4

.717

%

,

9/05/26

....

15,649

14,646

a

8801781.SQ.FTS.B

,

4

.717

%

,

9/05/26

....

3,121

2,921

a

8803128.SQ.FTS.B

,

4

.717

%

,

9/05/26

....

64,494

60,388

a

8802620.SQ.FTS.B

,

4

.718

%

,

9/05/26

....

58,779

55,035

a

8801264.SQ.FTS.B

,

4

.721

%

,

9/05/26

....

8,504

7,953

a

8800394.SQ.FTS.B

,

4

.917

%

,

9/05/26

....

1,047

966

a

8799664.SQ.FTS.B

,

5

.031

%

,

9/05/26

....

31,455

29,312

a

8801692.SQ.FTS.B

,

5

.031

%

,

9/05/26

....

8,165

7,615

a

8803601.SQ.FTS.B

,

5

.031

%

,

9/05/26

....

27,947

26,053

a

8800534.SQ.FTS.B

,

5

.346

%

,

9/05/26

....

13,760

12,767

a

8800849.SQ.FTS.B

,

5

.346

%

,

9/05/26

....

2,540

2,353

a

8801426.SQ.FTS.B

,

5

.346

%

,

9/05/26

....

13,468

12,506

a

8801825.SQ.FTS.B

,

5

.346

%

,

9/05/26

....

34,056

31,597

a

8802155.SQ.FTS.B

,

5

.597

%

,

9/05/26

....

50,924

47,017

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8800050.SQ.FTS.B

,

5

.598

%

,

9/05/26

....

$

5,404

$

4,995

a

8800255.SQ.FTS.B

,

5

.91

%

,

9/05/26

.....

3,838

3,533

a

8801639.SQ.FTS.B

,

6

.09

%

,

9/05/26

.....

2,406

2,209

a

8800495.SQ.FTS.B

,

6

.275

%

,

9/05/26

....

1,653

1,497

a

8802118.SQ.FTS.B

,

6

.281

%

,

9/05/26

....

1,423

1,287

a

8803825.SQ.FTS.B

,

6

.289

%

,

9/05/26

....

7,500

6,836

a

8803799.SQ.FTS.B

,

6

.443

%

,

9/05/26

....

4,910

4,395

a

8800416.SQ.FTS.B

,

6

.444

%

,

9/05/26

....

3,338

3,048

a

8801162.SQ.FTS.B

,

6

.446

%

,

9/05/26

....

10,011

9,132

a

8800369.SQ.FTS.B

,

6

.455

%

,

9/05/26

....

1,868

1,700

a

8808087.SQ.FTS.B

,

4

.715

%

,

9/06/26

....

5,703

5,337

a

8809654.SQ.FTS.B

,

4

.715

%

,

9/06/26

....

10,699

10,018

a

8807369.SQ.FTS.B

,

4

.717

%

,

9/06/26

....

42,221

39,526

a

8808137.SQ.FTS.B

,

5

.031

%

,

9/06/26

....

12,319

11,484

a

8808418.SQ.FTS.B

,

5

.031

%

,

9/06/26

....

8,925

8,315

a

8808587.SQ.FTS.B

,

5

.031

%

,

9/06/26

....

100,104

93,273

a

8809923.SQ.FTS.B

,

5

.031

%

,

9/06/26

....

13,720

12,797

a

8810133.SQ.FTS.B

,

5

.031

%

,

9/06/26

....

39,889

37,160

a

8806400.SQ.FTS.B

,

5

.346

%

,

9/06/26

....

63,155

58,570

a

8810454.SQ.FTS.B

,

5

.346

%

,

9/06/26

....

73,892

68,480

a

8806314.SQ.FTS.B

,

5

.349

%

,

9/06/26

....

6,113

5,671

a

8809760.SQ.FTS.B

,

5

.599

%

,

9/06/26

....

10,185

9,394

a

8806269.SQ.FTS.B

,

6

.083

%

,

9/06/26

....

1,705

1,561

a

8809991.SQ.FTS.B

,

6

.095

%

,

9/06/26

....

3,931

3,604

a

8809873.SQ.FTS.B

,

6

.102

%

,

9/06/26

....

2,429

2,229

a

8808568.SQ.FTS.B

,

6

.44

%

,

9/06/26

.....

1,334

1,215

a

8809901.SQ.FTS.B

,

6

.447

%

,

9/06/26

....

3,629

3,291

a

8810018.SQ.FTS.B

,

6

.447

%

,

9/06/26

....

10,835

9,887

a

8810686.SQ.FTS.B

,

4

.708

%

,

9/07/26

....

3,094

2,897

a

8813727.SQ.FTS.B

,

4

.712

%

,

9/07/26

....

6,128

5,739

a

8813315.SQ.FTS.B

,

4

.715

%

,

9/07/26

....

4,240

3,966

a

8813836.SQ.FTS.B

,

4

.715

%

,

9/07/26

....

9,436

8,832

a

8813473.SQ.FTS.B

,

4

.716

%

,

9/07/26

....

6,281

5,875

a

8812752.SQ.FTS.B

,

4

.717

%

,

9/07/26

....

13,274

12,421

a

8813584.SQ.FTS.B

,

4

.717

%

,

9/07/26

....

12,212

11,418

a

8814270.SQ.FTS.B

,

4

.717

%

,

9/07/26

....

88,211

82,542

a

8814047.SQ.FTS.B

,

4

.718

%

,

9/07/26

....

6,103

5,709

a

8811742.SQ.FTS.B

,

4

.719

%

,

9/07/26

....

4,447

4,162

a

8812085.SQ.FTS.B

,

4

.719

%

,

9/07/26

....

8,771

8,209

a

8812972.SQ.FTS.B

,

4

.719

%

,

9/07/26

....

2,740

2,564

a

8813523.SQ.FTS.B

,

4

.721

%

,

9/07/26

....

8,065

7,547

a

8814123.SQ.FTS.B

,

4

.721

%

,

9/07/26

....

8,445

7,899

a

8813216.SQ.FTS.B

,

4

.723

%

,

9/07/26

....

5,902

5,523

a

8813468.SQ.FTS.B

,

4

.927

%

,

9/07/26

....

2,359

2,179

a

8814039.SQ.FTS.B

,

4

.942

%

,

9/07/26

....

1,302

1,206

a

8812953.SQ.FTS.B

,

4

.946

%

,

9/07/26

....

2,278

2,120

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

83

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8813965.SQ.FTS.B

,

5

.022

%

,

9/07/26

....

$

2,873

$

2,676

a

8811442.SQ.FTS.B

,

5

.031

%

,

9/07/26

....

11,161

10,403

a

8812238.SQ.FTS.B

,

5

.031

%

,

9/07/26

....

5,581

5,200

a

8813810.SQ.FTS.B

,

5

.338

%

,

9/07/26

....

2,217

2,057

a

8813370.SQ.FTS.B

,

5

.347

%

,

9/07/26

....

3,070

2,846

a

8813080.SQ.FTS.B

,

5

.354

%

,

9/07/26

....

3,887

3,604

a

8813364.SQ.FTS.B

,

5

.622

%

,

9/07/26

....

826

757

a

8812357.SQ.FTS.B

,

5

.636

%

,

9/07/26

....

1,399

1,288

a

8813117.SQ.FTS.B

,

5

.911

%

,

9/07/26

....

7,109

6,474

a

8813275.SQ.FTS.B

,

5

.914

%

,

9/07/26

....

5,316

4,899

a

8813693.SQ.FTS.B

,

5

.922

%

,

9/07/26

....

2,625

2,417

a

8814246.SQ.FTS.B

,

6

.091

%

,

9/07/26

....

1,582

1,453

a

8813414.SQ.FTS.B

,

6

.102

%

,

9/07/26

....

3,411

3,125

a

8811833.SQ.FTS.B

,

6

.289

%

,

9/07/26

....

13,618

12,488

a

8812405.SQ.FTS.B

,

6

.289

%

,

9/07/26

....

12,499

11,416

a

8814261.SQ.FTS.B

,

6

.289

%

,

9/07/26

....

963

880

a

8814236.SQ.FTS.B

,

6

.317

%

,

9/07/26

....

935

850

a

8811272.SQ.FTS.B

,

6

.446

%

,

9/07/26

....

9,436

8,609

a

8812994.SQ.FTS.B

,

6

.447

%

,

9/07/26

....

10,788

9,826

a

8810798.SQ.FTS.B

,

6

.448

%

,

9/07/26

....

25,909

23,565

a

8812376.SQ.FTS.B

,

6

.454

%

,

9/07/26

....

1,039

946

a

8813457.SQ.FTS.B

,

6

.457

%

,

9/07/26

....

2,902

2,639

a

8815588.SQ.FTS.B

,

4

.717

%

,

9/08/26

....

4,364

4,084

a

8815407.SQ.FTS.B

,

4

.721

%

,

9/08/26

....

8,144

7,622

a

8815160.SQ.FTS.B

,

5

.029

%

,

9/08/26

....

6,484

6,042

a

8815472.SQ.FTS.B

,

5

.037

%

,

9/08/26

....

2,599

2,423

a

8815364.SQ.FTS.B

,

5

.345

%

,

9/08/26

....

5,712

5,298

a

8815308.SQ.FTS.B

,

5

.6

%

,

9/08/26

......

8,879

8,201

a

8815487.SQ.FTS.B

,

5

.602

%

,

9/08/26

....

6,834

6,311

a

8815541.SQ.FTS.B

,

5

.602

%

,

9/08/26

....

2,293

2,118

a

8815108.SQ.FTS.B

,

5

.603

%

,

9/08/26

....

2,340

2,161

a

8815206.SQ.FTS.B

,

5

.629

%

,

9/08/26

....

11,581

10,589

a

8815560.SQ.FTS.B

,

6

.103

%

,

9/08/26

....

2,961

2,716

a

8814700.SQ.FTS.B

,

6

.446

%

,

9/08/26

....

55,523

50,611

a

8815130.SQ.FTS.B

,

6

.451

%

,

9/08/26

....

5,700

5,212

a

8816075.SQ.FTS.B

,

4

.711

%

,

9/09/26

....

3,366

3,152

a

8815640.SQ.FTS.B

,

4

.716

%

,

9/09/26

....

5,600

5,239

a

8815997.SQ.FTS.B

,

4

.716

%

,

9/09/26

....

11,916

11,150

a

8816131.SQ.FTS.B

,

4

.717

%

,

9/09/26

....

21,693

20,308

a

8815896.SQ.FTS.B

,

4

.722

%

,

9/09/26

....

6,047

5,657

a

8815774.SQ.FTS.B

,

5

.031

%

,

9/09/26

....

16,684

15,539

a

8816272.SQ.FTS.B

,

5

.031

%

,

9/09/26

....

25,305

23,577

a

8815694.SQ.FTS.B

,

5

.344

%

,

9/09/26

....

4,806

4,452

a

8815736.SQ.FTS.B

,

5

.92

%

,

9/09/26

.....

4,111

3,781

a

8815968.SQ.FTS.B

,

6

.096

%

,

9/09/26

....

4,217

3,863

a

8816114.SQ.FTS.B

,

6

.114

%

,

9/09/26

....

2,072

1,903

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8816130.SQ.FTS.B

,

6

.289

%

,

9/09/26

....

$

146

$

132

a

8815928.SQ.FTS.B

,

6

.295

%

,

9/09/26

....

5,182

4,731

a

8816091.SQ.FTS.B

,

6

.455

%

,

9/09/26

....

2,772

2,512

a

8817238.SQ.FTS.B

,

4

.713

%

,

9/10/26

....

6,046

5,657

a

8820703.SQ.FTS.B

,

4

.714

%

,

9/10/26

....

6,503

6,087

a

8817729.SQ.FTS.B

,

4

.715

%

,

9/10/26

....

10,182

9,526

a

8820029.SQ.FTS.B

,

4

.715

%

,

9/10/26

....

9,112

8,527

a

8817894.SQ.FTS.B

,

4

.717

%

,

9/10/26

....

102,308

95,728

a

8820101.SQ.FTS.B

,

4

.717

%

,

9/10/26

....

2,163

2,025

a

8820939.SQ.FTS.B

,

4

.717

%

,

9/10/26

....

19,141

17,906

a

8820118.SQ.FTS.B

,

4

.718

%

,

9/10/26

....

44,296

41,440

a

8817077.SQ.FTS.B

,

4

.728

%

,

9/10/26

....

3,163

2,960

a

8819656.SQ.FTS.B

,

4

.933

%

,

9/10/26

....

4,233

3,891

a

8820545.SQ.FTS.B

,

4

.94

%

,

9/10/26

.....

919

844

a

8819236.SQ.FTS.B

,

5

.031

%

,

9/10/26

....

36,288

33,805

a

8817060.SQ.FTS.B

,

5

.358

%

,

9/10/26

....

2,844

2,639

a

8819712.SQ.FTS.B

,

5

.597

%

,

9/10/26

....

31,252

28,878

a

8820580.SQ.FTS.B

,

5

.597

%

,

9/10/26

....

14,075

13,001

a

8820690.SQ.FTS.B

,

5

.61

%

,

9/10/26

.....

2,790

2,580

a

8817448.SQ.FTS.B

,

5

.628

%

,

9/10/26

....

9,669

8,857

a

8819206.SQ.FTS.B

,

5

.92

%

,

9/10/26

.....

2,667

2,453

a

8820015.SQ.FTS.B

,

6

.272

%

,

9/10/26

....

770

703

a

8817217.SQ.FTS.B

,

6

.415

%

,

9/10/26

....

463

419

a

8819233.SQ.FTS.B

,

6

.437

%

,

9/10/26

....

915

831

a

8817332.SQ.FTS.B

,

6

.444

%

,

9/10/26

....

3,031

2,734

a

8820768.SQ.FTS.B

,

6

.447

%

,

9/10/26

....

20,844

18,976

a

8820753.SQ.FTS.B

,

6

.452

%

,

9/10/26

....

1,802

1,649

a

8819701.SQ.FTS.B

,

6

.457

%

,

9/10/26

....

867

753

a

8821240.SQ.FTS.B

,

4

.717

%

,

9/11/26

....

2,183

2,043

a

8821540.SQ.FTS.B

,

4

.717

%

,

9/11/26

....

1,293

1,210

a

8823877.SQ.FTS.B

,

4

.717

%

,

9/11/26

....

19,312

18,064

a

8825549.SQ.FTS.B

,

4

.717

%

,

9/11/26

....

3,188

2,982

a

8825604.SQ.FTS.B

,

4

.717

%

,

9/11/26

....

14,749

13,798

a

8822702.SQ.FTS.B

,

4

.718

%

,

9/11/26

....

28,922

27,043

a

8823819.SQ.FTS.B

,

4

.72

%

,

9/11/26

.....

11,355

10,623

a

8821561.SQ.FTS.B

,

4

.724

%

,

9/11/26

....

4,823

4,512

a

8823702.SQ.FTS.B

,

4

.726

%

,

9/11/26

....

3,659

3,421

a

8823800.SQ.FTS.B

,

4

.931

%

,

9/11/26

....

2,496

2,307

a

8821307.SQ.FTS.B

,

4

.969

%

,

9/11/26

....

1,041

965

a

8823792.SQ.FTS.B

,

5

.028

%

,

9/11/26

....

4,327

4,031

a

8823049.SQ.FTS.B

,

5

.031

%

,

9/11/26

....

11,467

10,684

a

8823219.SQ.FTS.B

,

5

.031

%

,

9/11/26

....

44,206

41,195

a

8824149.SQ.FTS.B

,

5

.031

%

,

9/11/26

....

97,722

91,035

a

8825303.SQ.FTS.B

,

5

.031

%

,

9/11/26

....

2,942

2,735

a

8822677.SQ.FTS.B

,

5

.038

%

,

9/11/26

....

2,122

1,976

a

8821692.SQ.FTS.B

,

5

.346

%

,

9/11/26

....

33,286

30,893

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

84

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8824927.SQ.FTS.B

,

5

.598

%

,

9/11/26

....

$

18,623

$

17,150

a

8823718.SQ.FTS.B

,

5

.601

%

,

9/11/26

....

9,580

8,863

a

8823788.SQ.FTS.B

,

5

.628

%

,

9/11/26

....

1,115

1,031

a

8821338.SQ.FTS.B

,

6

.098

%

,

9/11/26

....

7,874

7,192

a

8821501.SQ.FTS.B

,

6

.107

%

,

9/11/26

....

3,940

3,612

a

8825230.SQ.FTS.B

,

6

.289

%

,

9/11/26

....

9,951

9,087

a

8823813.SQ.FTS.B

,

6

.441

%

,

9/11/26

....

1,439

1,308

a

8825373.SQ.FTS.B

,

6

.445

%

,

9/11/26

....

13,225

12,036

a

8822536.SQ.FTS.B

,

6

.452

%

,

9/11/26

....

5,932

5,412

a

8822510.SQ.FTS.B

,

6

.471

%

,

9/11/26

....

944

855

a

8828157.SQ.FTS.B

,

4

.713

%

,

9/12/26

....

4,051

3,790

a

8826217.SQ.FTS.B

,

4

.717

%

,

9/12/26

....

21,351

19,966

a

8827039.SQ.FTS.B

,

4

.717

%

,

9/12/26

....

2,149

2,011

a

8829149.SQ.FTS.B

,

4

.717

%

,

9/12/26

....

10,546

9,869

a

8829260.SQ.FTS.B

,

4

.717

%

,

9/12/26

....

11,246

10,517

a

8829469.SQ.FTS.B

,

4

.717

%

,

9/12/26

....

5,361

5,015

a

8829516.SQ.FTS.B

,

4

.717

%

,

9/12/26

....

67,869

63,497

a

8826869.SQ.FTS.B

,

4

.719

%

,

9/12/26

....

10,151

9,495

a

8827387.SQ.FTS.B

,

4

.719

%

,

9/12/26

....

8,806

8,237

a

8830104.SQ.FTS.B

,

4

.719

%

,

9/12/26

....

13,603

12,727

a

8825845.SQ.FTS.B

,

4

.72

%

,

9/12/26

.....

12,544

11,733

a

8827103.SQ.FTS.B

,

4

.936

%

,

9/12/26

....

3,609

3,356

a

8828014.SQ.FTS.B

,

5

.031

%

,

9/12/26

....

6,951

6,476

a

8828222.SQ.FTS.B

,

5

.031

%

,

9/12/26

....

35,685

33,244

a

8829390.SQ.FTS.B

,

5

.031

%

,

9/12/26

....

5,362

4,994

a

8830058.SQ.FTS.B

,

5

.031

%

,

9/12/26

....

5,021

4,679

a

8830168.SQ.FTS.B

,

5

.346

%

,

9/12/26

....

54,417

50,470

a

8825701.SQ.FTS.B

,

5

.35

%

,

9/12/26

.....

6,821

6,328

a

8828135.SQ.FTS.B

,

5

.358

%

,

9/12/26

....

2,957

2,742

a

8827053.SQ.FTS.B

,

5

.606

%

,

9/12/26

....

3,116

2,879

a

8826143.SQ.FTS.B

,

5

.912

%

,

9/12/26

....

5,221

4,808

a

8827138.SQ.FTS.B

,

5

.914

%

,

9/12/26

....

11,430

10,520

a

8826116.SQ.FTS.B

,

6

.266

%

,

9/12/26

....

1,230

1,126

a

8830011.SQ.FTS.B

,

6

.289

%

,

9/12/26

....

6,598

5,995

a

8827881.SQ.FTS.B

,

6

.444

%

,

9/12/26

....

6,537

5,966

a

8827280.SQ.FTS.B

,

6

.449

%

,

9/12/26

....

13,504

12,237

a

8826133.SQ.FTS.B

,

6

.478

%

,

9/12/26

....

1,126

1,029

a

8838852.SQ.FTS.B

,

4

.715

%

,

9/13/26

....

8,104

7,581

a

8834664.SQ.FTS.B

,

4

.717

%

,

9/13/26

....

13,455

12,589

a

8836681.SQ.FTS.B

,

4

.717

%

,

9/13/26

....

14,827

13,863

a

8837399.SQ.FTS.B

,

4

.717

%

,

9/13/26

....

33,865

31,672

a

8835942.SQ.FTS.B

,

4

.718

%

,

9/13/26

....

30,940

28,951

a

8838966.SQ.FTS.B

,

4

.718

%

,

9/13/26

....

12,471

11,669

a

8836387.SQ.FTS.B

,

4

.719

%

,

9/13/26

....

10,129

9,473

a

8835008.SQ.FTS.B

,

4

.721

%

,

9/13/26

....

8,720

8,147

a

8838693.SQ.FTS.B

,

4

.722

%

,

9/13/26

....

7,087

6,631

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8834555.SQ.FTS.B

,

5

.027

%

,

9/13/26

....

$

6,600

$

6,149

a

8835284.SQ.FTS.B

,

5

.031

%

,

9/13/26

....

9,812

9,139

a

8835526.SQ.FTS.B

,

5

.031

%

,

9/13/26

....

32,389

30,166

a

8837203.SQ.FTS.B

,

5

.031

%

,

9/13/26

....

13,344

12,422

a

8837752.SQ.FTS.B

,

5

.031

%

,

9/13/26

....

78,437

73,040

a

8835457.SQ.FTS.B

,

5

.041

%

,

9/13/26

....

2,880

2,683

a

8838754.SQ.FTS.B

,

5

.346

%

,

9/13/26

....

8,473

7,864

a

8835495.SQ.FTS.B

,

5

.9

%

,

9/13/26

......

2,423

2,232

a

8836851.SQ.FTS.B

,

5

.912

%

,

9/13/26

....

37,033

34,083

a

8835223.SQ.FTS.B

,

6

.101

%

,

9/13/26

....

6,670

6,118

a

8836518.SQ.FTS.B

,

6

.102

%

,

9/13/26

....

12,610

11,580

a

8834987.SQ.FTS.B

,

6

.428

%

,

9/13/26

....

1,395

1,273

a

8836487.SQ.FTS.B

,

6

.443

%

,

9/13/26

....

2,268

2,065

a

8837368.SQ.FTS.B

,

6

.445

%

,

9/13/26

....

4,467

4,068

a

8839021.SQ.FTS.B

,

6

.447

%

,

9/13/26

....

90,027

82,152

a

8838919.SQ.FTS.B

,

6

.448

%

,

9/13/26

....

8,068

7,368

a

8841514.SQ.FTS.B

,

4

.715

%

,

9/14/26

....

8,262

7,726

a

8842061.SQ.FTS.B

,

4

.715

%

,

9/14/26

....

11,708

10,951

a

8843092.SQ.FTS.B

,

4

.716

%

,

9/14/26

....

5,049

4,722

a

8840531.SQ.FTS.B

,

4

.717

%

,

9/14/26

....

36,753

34,361

a

8841131.SQ.FTS.B

,

4

.717

%

,

9/14/26

....

13,438

12,564

a

8840219.SQ.FTS.B

,

4

.718

%

,

9/14/26

....

4,949

4,628

a

8842653.SQ.FTS.B

,

4

.718

%

,

9/14/26

....

3,345

3,129

a

8839520.SQ.FTS.B

,

4

.719

%

,

9/14/26

....

18,826

17,604

a

8839870.SQ.FTS.B

,

4

.719

%

,

9/14/26

....

7,896

7,383

a

8840305.SQ.FTS.B

,

4

.719

%

,

9/14/26

....

15,272

14,281

a

8842351.SQ.FTS.B

,

4

.72

%

,

9/14/26

.....

5,987

5,599

a

8842044.SQ.FTS.B

,

4

.721

%

,

9/14/26

....

4,584

4,286

a

8839470.SQ.FTS.B

,

4

.725

%

,

9/14/26

....

2,317

2,164

a

8843444.SQ.FTS.B

,

4

.729

%

,

9/14/26

....

2,935

2,744

a

8842727.SQ.FTS.B

,

4

.936

%

,

9/14/26

....

5,316

4,934

a

8842810.SQ.FTS.B

,

5

.027

%

,

9/14/26

....

3,117

2,902

a

8841572.SQ.FTS.B

,

5

.031

%

,

9/14/26

....

9,268

8,630

a

8841952.SQ.FTS.B

,

5

.031

%

,

9/14/26

....

3,392

3,159

a

8841986.SQ.FTS.B

,

5

.031

%

,

9/14/26

....

9,120

8,492

a

8842193.SQ.FTS.B

,

5

.031

%

,

9/14/26

....

19,247

17,915

a

8842464.SQ.FTS.B

,

5

.031

%

,

9/14/26

....

19,434

18,089

a

8843848.SQ.FTS.B

,

5

.031

%

,

9/14/26

....

57,186

53,244

a

8842685.SQ.FTS.B

,

5

.034

%

,

9/14/26

....

4,621

4,304

a

8843613.SQ.FTS.B

,

5

.344

%

,

9/14/26

....

9,959

9,231

a

8839758.SQ.FTS.B

,

5

.349

%

,

9/14/26

....

9,878

9,157

a

8842406.SQ.FTS.B

,

5

.35

%

,

9/14/26

.....

5,791

5,350

a

8839694.SQ.FTS.B

,

5

.353

%

,

9/14/26

....

2,958

2,742

a

8842826.SQ.FTS.B

,

5

.597

%

,

9/14/26

....

16,331

15,079

a

8843152.SQ.FTS.B

,

5

.597

%

,

9/14/26

....

26,372

24,359

a

8841626.SQ.FTS.B

,

5

.598

%

,

9/14/26

....

16,561

15,286

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

85

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8841561.SQ.FTS.B

,

5

.6

%

,

9/14/26

......

$

1,722

$

1,591

a

8842754.SQ.FTS.B

,

5

.915

%

,

9/14/26

....

3,843

3,539

a

8841736.SQ.FTS.B

,

6

.101

%

,

9/14/26

....

34,222

31,390

a

8839513.SQ.FTS.B

,

6

.289

%

,

9/14/26

....

1,288

1,175

a

8841462.SQ.FTS.B

,

6

.292

%

,

9/14/26

....

5,543

5,047

a

8842789.SQ.FTS.B

,

6

.44

%

,

9/14/26

.....

2,658

2,422

a

8841496.SQ.FTS.B

,

6

.443

%

,

9/14/26

....

5,029

4,592

a

8840028.SQ.FTS.B

,

6

.445

%

,

9/14/26

....

13,457

12,252

a

8843690.SQ.FTS.B

,

6

.448

%

,

9/14/26

....

5,799

5,278

a

8843486.SQ.FTS.B

,

6

.449

%

,

9/14/26

....

13,691

12,399

a

8842156.SQ.FTS.B

,

6

.45

%

,

9/14/26

.....

5,480

4,992

a

8841615.SQ.FTS.B

,

6

.453

%

,

9/14/26

....

2,808

2,555

a

8844282.SQ.FTS.B

,

4

.717

%

,

9/15/26

....

4,428

4,141

a

8845073.SQ.FTS.B

,

4

.717

%

,

9/15/26

....

4,334

4,052

a

8845101.SQ.FTS.B

,

4

.717

%

,

9/15/26

....

2,875

2,689

a

8845215.SQ.FTS.B

,

4

.717

%

,

9/15/26

....

33,612

31,420

a

8844753.SQ.FTS.B

,

4

.718

%

,

9/15/26

....

24,140

22,570

a

8845115.SQ.FTS.B

,

4

.719

%

,

9/15/26

....

18,433

17,240

a

8844183.SQ.FTS.B

,

4

.72

%

,

9/15/26

.....

4,483

4,191

a

8844687.SQ.FTS.B

,

4

.72

%

,

9/15/26

.....

12,673

11,847

a

8845651.SQ.FTS.B

,

4

.72

%

,

9/15/26

.....

12,605

11,785

a

8845477.SQ.FTS.B

,

4

.73

%

,

9/15/26

.....

2,775

2,595

a

8844213.SQ.FTS.B

,

4

.936

%

,

9/15/26

....

13,365

12,447

a

8844297.SQ.FTS.B

,

5

.031

%

,

9/15/26

....

36,156

33,664

a

8844567.SQ.FTS.B

,

5

.031

%

,

9/15/26

....

10,872

10,120

a

8844633.SQ.FTS.B

,

5

.031

%

,

9/15/26

....

9,550

8,884

a

8845741.SQ.FTS.B

,

5

.031

%

,

9/15/26

....

6,996

6,513

a

8844521.SQ.FTS.B

,

5

.344

%

,

9/15/26

....

7,859

7,282

a

8844957.SQ.FTS.B

,

5

.346

%

,

9/15/26

....

18,351

17,007

a

8846049.SQ.FTS.B

,

5

.348

%

,

9/15/26

....

4,074

3,778

a

8845635.SQ.FTS.B

,

5

.349

%

,

9/15/26

....

2,785

2,572

a

8845420.SQ.FTS.B

,

5

.351

%

,

9/15/26

....

7,342

6,808

a

8845925.SQ.FTS.B

,

5

.355

%

,

9/15/26

....

3,618

3,352

a

8844509.SQ.FTS.B

,

5

.583

%

,

9/15/26

....

1,795

1,658

a

8846071.SQ.FTS.B

,

5

.596

%

,

9/15/26

....

26,832

24,774

a

8845948.SQ.FTS.B

,

5

.599

%

,

9/15/26

....

17,875

16,503

a

8845493.SQ.FTS.B

,

5

.602

%

,

9/15/26

....

6,033

5,573

a

8845522.SQ.FTS.B

,

5

.912

%

,

9/15/26

....

2,853

2,624

a

8845538.SQ.FTS.B

,

5

.914

%

,

9/15/26

....

3,442

3,162

a

8844915.SQ.FTS.B

,

5

.915

%

,

9/15/26

....

6,092

5,600

a

8844876.SQ.FTS.B

,

6

.095

%

,

9/15/26

....

5,654

5,190

a

8846040.SQ.FTS.B

,

6

.099

%

,

9/15/26

....

2,697

2,471

a

8845575.SQ.FTS.B

,

6

.104

%

,

9/15/26

....

9,470

8,687

a

8845716.SQ.FTS.B

,

6

.284

%

,

9/15/26

....

2,699

2,462

a

8844181.SQ.FTS.B

,

6

.289

%

,

9/15/26

....

885

804

a

8844207.SQ.FTS.B

,

6

.313

%

,

9/15/26

....

1,223

1,119

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8845777.SQ.FTS.B

,

6

.447

%

,

9/15/26

....

$

20,155

$

18,373

a

8844177.SQ.FTS.B

,

6

.478

%

,

9/15/26

....

1,118

1,020

a

8846841.SQ.FTS.B

,

4

.711

%

,

9/16/26

....

4,006

3,747

a

8846712.SQ.FTS.B

,

4

.715

%

,

9/16/26

....

2,029

1,898

a

8846349.SQ.FTS.B

,

4

.717

%

,

9/16/26

....

5,538

5,179

a

8846728.SQ.FTS.B

,

4

.717

%

,

9/16/26

....

7,652

7,154

a

8847026.SQ.FTS.B

,

4

.717

%

,

9/16/26

....

23,851

22,303

a

8846422.SQ.FTS.B

,

4

.718

%

,

9/16/26

....

28,158

26,332

a

8846318.SQ.FTS.B

,

4

.719

%

,

9/16/26

....

3,391

3,169

a

8846377.SQ.FTS.B

,

4

.719

%

,

9/16/26

....

7,319

6,844

a

8846605.SQ.FTS.B

,

4

.719

%

,

9/16/26

....

11,507

10,763

a

8846802.SQ.FTS.B

,

4

.952

%

,

9/16/26

....

1,551

1,441

a

8846595.SQ.FTS.B

,

4

.956

%

,

9/16/26

....

1,268

1,177

a

8846247.SQ.FTS.B

,

5

.031

%

,

9/16/26

....

6,541

6,090

a

8846858.SQ.FTS.B

,

5

.598

%

,

9/16/26

....

25,625

23,659

a

8846661.SQ.FTS.B

,

5

.6

%

,

9/16/26

......

3,460

3,195

a

8846703.SQ.FTS.B

,

6

.091

%

,

9/16/26

....

1,629

1,493

a

8846280.SQ.FTS.B

,

6

.289

%

,

9/16/26

....

5,742

5,236

a

8847166.SQ.FTS.B

,

6

.289

%

,

9/16/26

....

4,456

4,075

a

8846814.SQ.FTS.B

,

6

.443

%

,

9/16/26

....

5,570

5,073

a

8847195.SQ.FTS.B

,

6

.448

%

,

9/16/26

....

11,331

10,304

a

8846692.SQ.FTS.B

,

6

.451

%

,

9/16/26

....

1,799

1,632

a

8846785.SQ.FTS.B

,

6

.463

%

,

9/16/26

....

2,154

1,967

a

8849440.SQ.FTS.B

,

4

.717

%

,

9/17/26

....

7,977

7,460

a

8848171.SQ.FTS.B

,

5

.031

%

,

9/17/26

....

10,985

10,226

a

8848239.SQ.FTS.B

,

5

.034

%

,

9/17/26

....

5,540

5,156

a

8848531.SQ.FTS.B

,

5

.598

%

,

9/17/26

....

39,229

36,226

a

8848141.SQ.FTS.B

,

5

.912

%

,

9/17/26

....

5,478

5,036

a

8849373.SQ.FTS.B

,

6

.102

%

,

9/17/26

....

11,980

11,002

a

8848422.SQ.FTS.B

,

6

.107

%

,

9/17/26

....

4,441

4,072

a

8849329.SQ.FTS.B

,

6

.444

%

,

9/17/26

....

3,826

3,491

a

8849163.SQ.FTS.B

,

6

.447

%

,

9/17/26

....

11,287

10,292

a

8849609.SQ.FTS.B

,

6

.452

%

,

9/17/26

....

1,472

1,341

a

8849358.SQ.FTS.B

,

6

.455

%

,

9/17/26

....

2,086

1,900

a

8855791.SQ.FTS.B

,

4

.706

%

,

9/18/26

....

2,532

2,369

a

8856076.SQ.FTS.B

,

4

.711

%

,

9/18/26

....

5,379

5,029

a

8856186.SQ.FTS.B

,

4

.711

%

,

9/18/26

....

3,004

2,809

a

8854650.SQ.FTS.B

,

4

.714

%

,

9/18/26

....

5,677

5,305

a

8854705.SQ.FTS.B

,

4

.717

%

,

9/18/26

....

44,455

41,570

a

8852825.SQ.FTS.B

,

4

.719

%

,

9/18/26

....

21,036

19,664

a

8856054.SQ.FTS.B

,

4

.932

%

,

9/18/26

....

2,066

1,911

a

8853160.SQ.FTS.B

,

5

.031

%

,

9/18/26

....

54,175

50,445

a

8855848.SQ.FTS.B

,

5

.031

%

,

9/18/26

....

20,051

18,671

a

8857471.SQ.FTS.B

,

5

.031

%

,

9/18/26

....

36,368

33,850

a

8854037.SQ.FTS.B

,

5

.346

%

,

9/18/26

....

59,493

55,132

a

8856216.SQ.FTS.B

,

5

.346

%

,

9/18/26

....

78,409

72,651

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

86

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8853822.SQ.FTS.B

,

5

.598

%

,

9/18/26

....

$

15,925

$

14,712

a

8856785.SQ.FTS.B

,

5

.598

%

,

9/18/26

....

62,227

57,479

a

8853591.SQ.FTS.B

,

5

.6

%

,

9/18/26

......

14,550

13,441

a

8855823.SQ.FTS.B

,

5

.633

%

,

9/18/26

....

1,250

1,151

a

8856136.SQ.FTS.B

,

6

.097

%

,

9/18/26

....

5,551

5,086

a

8855695.SQ.FTS.B

,

6

.442

%

,

9/18/26

....

5,959

5,444

a

8858075.SQ.FTS.B

,

4

.717

%

,

9/19/26

....

7,638

7,138

a

8859217.SQ.FTS.B

,

4

.717

%

,

9/19/26

....

11,807

11,040

a

8860868.SQ.FTS.B

,

4

.721

%

,

9/19/26

....

9,623

8,996

a

8860532.SQ.FTS.B

,

4

.724

%

,

9/19/26

....

4,964

4,640

a

8858039.SQ.FTS.B

,

4

.726

%

,

9/19/26

....

3,877

3,624

a

8857808.SQ.FTS.B

,

5

.031

%

,

9/19/26

....

8,454

7,871

a

8860956.SQ.FTS.B

,

5

.031

%

,

9/19/26

....

99,316

92,427

a

8859348.SQ.FTS.B

,

5

.346

%

,

9/19/26

....

80,364

74,478

a

8858162.SQ.FTS.B

,

5

.598

%

,

9/19/26

....

33,828

31,238

a

8859290.SQ.FTS.B

,

5

.628

%

,

9/19/26

....

4,192

3,853

a

8858595.SQ.FTS.B

,

5

.629

%

,

9/19/26

....

61,941

56,903

a

8862127.SQ.FTS.B

,

5

.635

%

,

9/19/26

....

2,700

2,483

a

8857969.SQ.FTS.B

,

5

.642

%

,

9/19/26

....

1,944

1,792

a

8861737.SQ.FTS.B

,

5

.911

%

,

9/19/26

....

56,311

51,819

a

8862134.SQ.FTS.B

,

5

.912

%

,

9/19/26

....

22,566

20,753

a

8859182.SQ.FTS.B

,

5

.913

%

,

9/19/26

....

5,767

5,302

a

8860949.SQ.FTS.B

,

6

.429

%

,

9/19/26

....

1,463

1,333

a

8857996.SQ.FTS.B

,

6

.443

%

,

9/19/26

....

2,614

2,383

a

8860687.SQ.FTS.B

,

6

.443

%

,

9/19/26

....

8,675

7,909

a

8860590.SQ.FTS.B

,

6

.444

%

,

9/19/26

....

5,992

5,464

a

8860800.SQ.FTS.B

,

6

.445

%

,

9/19/26

....

7,685

6,997

a

8860755.SQ.FTS.B

,

6

.447

%

,

9/19/26

....

6,662

6,078

a

8867076.SQ.FTS.B

,

4

.71

%

,

9/20/26

.....

4,026

3,762

a

8865940.SQ.FTS.B

,

4

.716

%

,

9/20/26

....

4,654

4,348

a

8866134.SQ.FTS.B

,

4

.717

%

,

9/20/26

....

29,876

27,919

a

8866627.SQ.FTS.B

,

4

.717

%

,

9/20/26

....

15,870

14,833

a

8867899.SQ.FTS.B

,

4

.717

%

,

9/20/26

....

6,776

6,334

a

8869285.SQ.FTS.B

,

4

.717

%

,

9/20/26

....

91,105

85,154

a

8866821.SQ.FTS.B

,

4

.719

%

,

9/20/26

....

10,380

9,702

a

8867299.SQ.FTS.B

,

4

.719

%

,

9/20/26

....

7,066

6,605

a

8867946.SQ.FTS.B

,

4

.72

%

,

9/20/26

.....

10,548

9,858

a

8867865.SQ.FTS.B

,

4

.723

%

,

9/20/26

....

5,509

5,149

a

8866912.SQ.FTS.B

,

4

.935

%

,

9/20/26

....

1,477

1,376

a

8866074.SQ.FTS.B

,

5

.031

%

,

9/20/26

....

5,589

5,201

a

8866443.SQ.FTS.B

,

5

.031

%

,

9/20/26

....

24,034

22,363

a

8869585.SQ.FTS.B

,

5

.031

%

,

9/20/26

....

5,177

4,816

a

8866747.SQ.FTS.B

,

5

.343

%

,

9/20/26

....

5,902

5,469

a

8867120.SQ.FTS.B

,

5

.346

%

,

9/20/26

....

7,786

7,217

a

8868012.SQ.FTS.B

,

5

.346

%

,

9/20/26

....

2,290

2,123

a

8867376.SQ.FTS.B

,

5

.631

%

,

9/20/26

....

9,376

8,633

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8867461.SQ.FTS.B

,

5

.909

%

,

9/20/26

....

$

1,707

$

1,569

a

8865003.SQ.FTS.B

,

5

.912

%

,

9/20/26

....

67,809

62,328

a

8869607.SQ.FTS.B

,

5

.912

%

,

9/20/26

....

68,492

62,938

a

8869198.SQ.FTS.B

,

5

.913

%

,

9/20/26

....

23,358

21,468

a

8868039.SQ.FTS.B

,

6

.102

%

,

9/20/26

....

28,023

25,691

a

8867486.SQ.FTS.B

,

6

.289

%

,

9/20/26

....

64,165

58,615

a

8867219.SQ.FTS.B

,

6

.292

%

,

9/20/26

....

5,472

4,982

a

8864984.SQ.FTS.B

,

6

.298

%

,

9/20/26

....

1,557

1,420

a

8867035.SQ.FTS.B

,

6

.307

%

,

9/20/26

....

1,589

1,451

a

8869600.SQ.FTS.B

,

6

.427

%

,

9/20/26

....

1,190

1,079

a

8865971.SQ.FTS.B

,

6

.442

%

,

9/20/26

....

1,995

1,821

a

8866929.SQ.FTS.B

,

6

.443

%

,

9/20/26

....

8,656

7,888

a

8867464.SQ.FTS.B

,

6

.443

%

,

9/20/26

....

2,935

2,679

a

8865993.SQ.FTS.B

,

6

.451

%

,

9/20/26

....

6,030

5,483

a

8872011.SQ.FTS.B

,

4

.715

%

,

9/21/26

....

8,624

8,059

a

8872611.SQ.FTS.B

,

4

.715

%

,

9/21/26

....

8,709

8,140

a

8869835.SQ.FTS.B

,

4

.717

%

,

9/21/26

....

28,986

27,084

a

8870968.SQ.FTS.B

,

4

.717

%

,

9/21/26

....

5,668

5,298

a

8872659.SQ.FTS.B

,

4

.717

%

,

9/21/26

....

20,107

18,791

a

8871439.SQ.FTS.B

,

4

.718

%

,

9/21/26

....

24,897

23,259

a

8871367.SQ.FTS.B

,

4

.719

%

,

9/21/26

....

8,804

8,226

a

8871729.SQ.FTS.B

,

4

.719

%

,

9/21/26

....

10,915

10,202

a

8872233.SQ.FTS.B

,

4

.938

%

,

9/21/26

....

34,610

32,199

a

8873838.SQ.FTS.B

,

4

.949

%

,

9/21/26

....

2,701

2,512

a

8871049.SQ.FTS.B

,

4

.957

%

,

9/21/26

....

946

879

a

8872127.SQ.FTS.B

,

5

.031

%

,

9/21/26

....

3,631

3,378

a

8872976.SQ.FTS.B

,

5

.346

%

,

9/21/26

....

74,223

68,726

a

8870251.SQ.FTS.B

,

5

.354

%

,

9/21/26

....

3,145

2,913

a

8870382.SQ.FTS.B

,

5

.597

%

,

9/21/26

....

11,490

10,612

a

8872579.SQ.FTS.B

,

5

.63

%

,

9/21/26

.....

2,345

2,164

a

8872171.SQ.FTS.B

,

5

.638

%

,

9/21/26

....

1,613

1,487

a

8870327.SQ.FTS.B

,

5

.912

%

,

9/21/26

....

3,352

3,079

a

8871085.SQ.FTS.B

,

5

.914

%

,

9/21/26

....

17,172

15,789

a

8871686.SQ.FTS.B

,

5

.918

%

,

9/21/26

....

3,654

3,356

a

8872179.SQ.FTS.B

,

5

.918

%

,

9/21/26

....

3,461

3,180

a

8871299.SQ.FTS.B

,

6

.101

%

,

9/21/26

....

7,869

7,211

a

8872818.SQ.FTS.B

,

6

.101

%

,

9/21/26

....

19,609

17,985

a

8870483.SQ.FTS.B

,

6

.289

%

,

9/21/26

....

29,802

27,212

a

8872195.SQ.FTS.B

,

6

.293

%

,

9/21/26

....

3,305

3,013

a

8871650.SQ.FTS.B

,

6

.44

%

,

9/21/26

.....

2,874

2,619

a

8871279.SQ.FTS.B

,

6

.441

%

,

9/21/26

....

1,716

1,566

a

8871819.SQ.FTS.B

,

6

.447

%

,

9/21/26

....

22,816

20,801

a

8873559.SQ.FTS.B

,

6

.449

%

,

9/21/26

....

17,939

16,356

a

8875186.SQ.FTS.B

,

4

.717

%

,

9/22/26

....

1,788

1,670

a

8875975.SQ.FTS.B

,

4

.718

%

,

9/22/26

....

3,085

2,883

a

8875423.SQ.FTS.B

,

4

.719

%

,

9/22/26

....

18,333

17,130

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

87

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8875784.SQ.FTS.B

,

4

.719

%

,

9/22/26

....

$

18,322

$

17,117

a

8875214.SQ.FTS.B

,

4

.721

%

,

9/22/26

....

8,378

7,828

a

8875531.SQ.FTS.B

,

4

.722

%

,

9/22/26

....

7,550

7,055

a

8875607.SQ.FTS.B

,

4

.726

%

,

9/22/26

....

3,909

3,652

a

8875772.SQ.FTS.B

,

4

.928

%

,

9/22/26

....

804

747

a

8875633.SQ.FTS.B

,

4

.937

%

,

9/22/26

....

5,273

4,899

a

8875759.SQ.FTS.B

,

4

.954

%

,

9/22/26

....

1,646

1,529

a

8875657.SQ.FTS.B

,

4

.957

%

,

9/22/26

....

888

822

a

8875278.SQ.FTS.B

,

5

.031

%

,

9/22/26

....

1,923

1,789

a

8875292.SQ.FTS.B

,

5

.031

%

,

9/22/26

....

28,623

26,618

a

8876001.SQ.FTS.B

,

5

.031

%

,

9/22/26

....

12,307

11,447

a

8875674.SQ.FTS.B

,

5

.036

%

,

9/22/26

....

6,349

5,907

a

8875910.SQ.FTS.B

,

5

.036

%

,

9/22/26

....

6,715

6,249

a

8875203.SQ.FTS.B

,

5

.337

%

,

9/22/26

....

2,118

1,963

a

8875664.SQ.FTS.B

,

5

.342

%

,

9/22/26

....

1,997

1,850

a

8875938.SQ.FTS.B

,

5

.344

%

,

9/22/26

....

4,481

4,150

a

8875177.SQ.FTS.B

,

5

.595

%

,

9/22/26

....

2,166

2,000

a

8875891.SQ.FTS.B

,

5

.595

%

,

9/22/26

....

2,739

2,529

a

8875261.SQ.FTS.B

,

5

.616

%

,

9/22/26

....

2,425

2,238

a

8876073.SQ.FTS.B

,

5

.913

%

,

9/22/26

....

16,168

14,833

a

8875745.SQ.FTS.B

,

5

.922

%

,

9/22/26

....

1,616

1,485

a

8875194.SQ.FTS.B

,

6

.089

%

,

9/22/26

....

1,511

1,384

a

8875559.SQ.FTS.B

,

6

.105

%

,

9/22/26

....

6,909

6,332

a

8875775.SQ.FTS.B

,

6

.282

%

,

9/22/26

....

1,879

1,719

a

8875716.SQ.FTS.B

,

6

.442

%

,

9/22/26

....

5,709

5,210

a

8876716.SQ.FTS.B

,

4

.714

%

,

9/23/26

....

4,167

3,893

a

8876740.SQ.FTS.B

,

4

.717

%

,

9/23/26

....

18,004

16,821

a

8876839.SQ.FTS.B

,

4

.717

%

,

9/23/26

....

14,663

13,702

a

8876425.SQ.FTS.B

,

4

.718

%

,

9/23/26

....

41,882

39,133

a

8876388.SQ.FTS.B

,

4

.719

%

,

9/23/26

....

7,902

7,383

a

8876656.SQ.FTS.B

,

5

.031

%

,

9/23/26

....

9,716

9,040

a

8876328.SQ.FTS.B

,

5

.598

%

,

9/23/26

....

6,821

6,293

a

8876195.SQ.FTS.B

,

5

.912

%

,

9/23/26

....

22,307

20,498

a

8876711.SQ.FTS.B

,

5

.93

%

,

9/23/26

.....

766

702

a

8876363.SQ.FTS.B

,

6

.104

%

,

9/23/26

....

6,732

6,169

a

8876926.SQ.FTS.B

,

6

.446

%

,

9/23/26

....

23,324

21,268

a

8876181.SQ.FTS.B

,

6

.447

%

,

9/23/26

....

2,243

2,044

a

8876920.SQ.FTS.B

,

6

.447

%

,

9/23/26

....

1,395

1,274

a

8877336.SQ.FTS.B

,

4

.717

%

,

9/24/26

....

15,720

14,689

a

8878180.SQ.FTS.B

,

4

.717

%

,

9/24/26

....

2,270

2,122

a

8877253.SQ.FTS.B

,

5

.031

%

,

9/24/26

....

9,693

9,017

a

8878197.SQ.FTS.B

,

5

.031

%

,

9/24/26

....

64,463

59,979

a

8878943.SQ.FTS.B

,

5

.031

%

,

9/24/26

....

1,933

1,799

a

8877914.SQ.FTS.B

,

5

.344

%

,

9/24/26

....

10,099

9,357

a

8879401.SQ.FTS.B

,

6

.08

%

,

9/24/26

.....

676

620

a

8877686.SQ.FTS.B

,

6

.101

%

,

9/24/26

....

5,698

5,221

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

8878143.SQ.FTS.B

,

6

.11

%

,

9/24/26

.....

$

3,251

$

2,979

a

8877315.SQ.FTS.B

,

6

.44

%

,

9/24/26

.....

4,077

3,712

a

8879010.SQ.FTS.B

,

6

.478

%

,

9/24/26

....

1,127

1,027

a

8882921.SQ.FTS.B

,

4

.716

%

,

9/25/26

....

4,462

4,168

a

8881459.SQ.FTS.B

,

4

.717

%

,

9/25/26

....

21,366

19,963

a

8881574.SQ.FTS.B

,

4

.717

%

,

9/25/26

....

18,898

17,653

a

8882014.SQ.FTS.B

,

4

.717

%

,

9/25/26

....

3,405

3,182

a

8882122.SQ.FTS.B

,

4

.717

%

,

9/25/26

....

30,479

28,479

a

8883088.SQ.FTS.B

,

4

.717

%

,

9/25/26

....

4,540

4,242

a

8883246.SQ.FTS.B

,

4

.717

%

,

9/25/26

....

4,515

4,218

a

8884506.SQ.FTS.B

,

4

.717

%

,

9/25/26

....

53,626

50,106

a

8883131.SQ.FTS.B

,

4

.936

%

,

9/25/26

....

10,377

9,652

a

8884304.SQ.FTS.B

,

4

.949

%

,

9/25/26

....

2,560

2,374

a

8884011.SQ.FTS.B

,

5

.031

%

,

9/25/26

....

45,781

42,587

a

8884936.SQ.FTS.B

,

5

.031

%

,

9/25/26

....

11,383

10,591

a

8882044.SQ.FTS.B

,

5

.344

%

,

9/25/26

....

7,843

7,266

a

8884342.SQ.FTS.B

,

5

.345

%

,

9/25/26

....

12,855

11,909

a

8881689.SQ.FTS.B

,

5

.347

%

,

9/25/26

....

25,319

23,452

a

8881061.SQ.FTS.B

,

5

.597

%

,

9/25/26

....

73,621

67,937

a

8882668.SQ.FTS.B

,

5

.598

%

,

9/25/26

....

20,651

19,062

a

8881679.SQ.FTS.B

,

5

.893

%

,

9/25/26

....

1,837

1,688

a

8884416.SQ.FTS.B

,

5

.912

%

,

9/25/26

....

11,365

10,440

a

8882997.SQ.FTS.B

,

5

.913

%

,

9/25/26

....

7,797

7,164

a

8881872.SQ.FTS.B

,

5

.914

%

,

9/25/26

....

8,582

7,886

a

8883687.SQ.FTS.B

,

6

.098

%

,

9/25/26

....

9,324

8,545

a

8885096.SQ.FTS.B

,

6

.1

%

,

9/25/26

......

4,138

3,785

a

8883777.SQ.FTS.B

,

6

.101

%

,

9/25/26

....

25,342

23,212

a

8883302.SQ.FTS.B

,

6

.265

%

,

9/25/26

....

1,206

1,103

a

8883339.SQ.FTS.B

,

6

.289

%

,

9/25/26

....

36,221

33,077

a

8887497.SQ.FTS.B

,

4

.716

%

,

9/26/26

....

6,351

5,933

a

8886302.SQ.FTS.B

,

4

.717

%

,

9/26/26

....

11,961

11,175

a

8886481.SQ.FTS.B

,

4

.717

%

,

9/26/26

....

4,490

4,194

a

8887178.SQ.FTS.B

,

4

.717

%

,

9/26/26

....

22,512

21,031

a

8887594.SQ.FTS.B

,

4

.717

%

,

9/26/26

....

24,677

23,056

a

8888350.SQ.FTS.B

,

4

.717

%

,

9/26/26

....

15,573

14,549

a

8888521.SQ.FTS.B

,

4

.717

%

,

9/26/26

....

6,764

6,318

a

8889880.SQ.FTS.B

,

4

.717

%

,

9/26/26

....

84,212

78,668

a

8887846.SQ.FTS.B

,

4

.718

%

,

9/26/26

....

23,819

22,246

a

8888177.SQ.FTS.B

,

4

.719

%

,

9/26/26

....

8,910

8,325

a

8890741.SQ.FTS.B

,

4

.719

%

,

9/26/26

....

16,619

15,526

a

8886444.SQ.FTS.B

,

4

.727

%

,

9/26/26

....

3,059

2,857

a

8886673.SQ.FTS.B

,

4

.935

%

,

9/26/26

....

12,580

11,716

a

8888564.SQ.FTS.B

,

5

.031

%

,

9/26/26

....

33,910

31,540

a

8889370.SQ.FTS.B

,

5

.031

%

,

9/26/26

....

7,182

6,682

a

8889516.SQ.FTS.B

,

5

.031

%

,

9/26/26

....

44,688

41,572

a

8890666.SQ.FTS.B

,

5

.037

%

,

9/26/26

....

5,290

4,921

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

88

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

8890646.SQ.FTS.B

,

5

.34

%

,

9/26/26

.....

$

2,473

$

2,291

a

8886874.SQ.FTS.B

,

5

.348

%

,

9/26/26

....

8,161

7,559

a

8887086.SQ.FTS.B

,

5

.353

%

,

9/26/26

....

3,985

3,691

a

8888129.SQ.FTS.B

,

5

.593

%

,

9/26/26

....

6,867

6,336

a

8886536.SQ.FTS.B

,

5

.627

%

,

9/26/26

....

10,497

9,667

a

8890694.SQ.FTS.B

,

5

.909

%

,

9/26/26

....

9,915

9,113

a

8890937.SQ.FTS.B

,

5

.912

%

,

9/26/26

....

18,266

16,783

a

8890868.SQ.FTS.B

,

5

.915

%

,

9/26/26

....

8,540

7,849

a

8886793.SQ.FTS.B

,

6

.101

%

,

9/26/26

....

6,976

6,392

a

8889484.SQ.FTS.B

,

6

.11

%

,

9/26/26

.....

3,402

3,118

a

8890568.SQ.FTS.B

,

6

.445

%

,

9/26/26

....

16,856

15,380

a

8886786.SQ.FTS.B

,

6

.447

%

,

9/26/26

....

924

843

a

8889464.SQ.FTS.B

,

6

.447

%

,

9/26/26

....

2,599

2,371

a

8888258.SQ.FTS.B

,

6

.449

%

,

9/26/26

....

8,706

7,942

a

8889437.SQ.FTS.B

,

6

.454

%

,

9/26/26

....

2,570

2,345

a

8886752.SQ.FTS.B

,

6

.458

%

,

9/26/26

....

1,641

1,497

a

5989835.SQ.FTS.B

,

5

.158

%

,

4/13/34

....

3,543

–

a

5994040.SQ.FTS.B

,

5

.157

%

,

4/14/34

....

6,214

–

a

5996474.SQ.FTS.B

,

4

.843

%

,

4/15/34

....

17,017

–

a

5997475.SQ.FTS.B

,

4

.43

%

,

4/16/34

.....

1,656

–

a

5997200.SQ.FTS.B

,

5

.097

%

,

4/16/34

....

2,782

–

a

5997611.SQ.FTS.B

,

5

.182

%

,

4/16/34

....

595

–

a

6000301.SQ.FTS.B

,

5

.093

%

,

4/17/34

....

3,546

–

a

6004440.SQ.FTS.B

,

4

.732

%

,

4/18/34

....

1,108

–

a

6001577.SQ.FTS.B

,

5

.151

%

,

4/18/34

....

1,056

–

a

6011390.SQ.FTS.B

,

5

.288

%

,

4/20/34

....

1,154

–

a

6015092.SQ.FTS.B

,

4

.748

%

,

4/21/34

....

3,643

–

a

6014890.SQ.FTS.B

,

4

.906

%

,

4/21/34

....

9,174

1

a

6013648.SQ.FTS.B

,

4

.944

%

,

4/21/34

....

1,455

–

a

6012758.SQ.FTS.B

,

5

.035

%

,

4/21/34

....

723

–

a

6014070.SQ.FTS.B

,

5

.04

%

,

4/21/34

.....

807

–

a

6012911.SQ.FTS.B

,

5

.521

%

,

4/21/34

....

2,149

–

a

6016148.SQ.FTS.B

,

5

.158

%

,

4/22/34

....

5,838

–

a

6015930.SQ.FTS.B

,

5

.191

%

,

4/22/34

....

575

–

a

6016033.SQ.FTS.B

,

5

.427

%

,

4/22/34

....

411

–

a

6017013.SQ.FTS.B

,

5

.183

%

,

4/23/34

....

1,385

–

a

6022765.SQ.FTS.B

,

4

.749

%

,

4/25/34

....

4,447

–

a

6021095.SQ.FTS.B

,

5

.183

%

,

4/25/34

....

1,600

–

a

6026172.SQ.FTS.B

,

4

.002

%

,

4/26/34

....

322

–

a

6024576.SQ.FTS.B

,

4

.74

%

,

4/26/34

.....

1,276

–

a

6024861.SQ.FTS.B

,

5

.431

%

,

4/26/34

....

2,667

–

a

6029494.SQ.FTS.B

,

4

.71

%

,

4/27/34

.....

1,298

–

a

6032730.SQ.FTS.B

,

5

.44

%

,

4/27/34

.....

389

–

a

6036691.SQ.FTS.B

,

4

.307

%

,

4/28/34

....

2,479

–

a

6041346.SQ.FTS.B

,

4

.725

%

,

4/30/34

....

1,333

–

a

6048225.SQ.FTS.B

,

4

.528

%

,

5/02/34

....

8,214

57

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

6054550.SQ.FTS.B

,

5

.285

%

,

5/03/34

....

$

4,497

$

4

a

6057387.SQ.FTS.B

,

5

.53

%

,

5/04/34

.....

1,675

1

a

6058469.SQ.FTS.B

,

5

.446

%

,

5/05/34

....

1,557

1

a

6062778.SQ.FTS.B

,

5

.554

%

,

5/07/34

....

305

–

a

6120695.SQ.FTS.B

,

4

.75

%

,

5/09/34

.....

16,890

3

a

6124160.SQ.FTS.B

,

5

.377

%

,

5/10/34

....

3,491

1

a

6126546.SQ.FTS.B

,

4

.906

%

,

5/12/34

....

19,042

6

a

6126842.SQ.FTS.B

,

5

.561

%

,

5/13/34

....

637

–

a

6133881.SQ.FTS.B

,

4

.75

%

,

5/15/34

.....

2,378

3

a

6131558.SQ.FTS.B

,

5

.281

%

,

5/15/34

....

5,790

206

a

6131519.SQ.FTS.B

,

5

.381

%

,

5/15/34

....

1,418

1

a

6134817.SQ.FTS.B

,

5

.535

%

,

5/15/34

....

2,697

1

a

6137211.SQ.FTS.B

,

4

.904

%

,

5/16/34

....

48

2

a

6135260.SQ.FTS.B

,

5

.427

%

,

5/16/34

....

1,443

2

a

6146677.SQ.FTS.B

,

4

.308

%

,

5/18/34

....

8,942

2

a

6151394.SQ.FTS.B

,

4

.308

%

,

5/21/34

....

5,927

2

a

6150788.SQ.FTS.B

,

4

.749

%

,

5/21/34

....

14,529

6

a

6149304.SQ.FTS.B

,

5

.405

%

,

5/21/34

....

401

–

a

6153438.SQ.FTS.B

,

4

.906

%

,

5/22/34

....

7,548

3

a

6157908.SQ.FTS.B

,

4

.749

%

,

5/23/34

....

2,182

107

a

6157628.SQ.FTS.B

,

5

.44

%

,

5/23/34

.....

4,793

1

a

6159034.SQ.FTS.B

,

5

.535

%

,

5/23/34

....

7,919

9

a

6164713.SQ.FTS.B

,

5

.418

%

,

5/25/34

....

395

–

a

6163607.SQ.FTS.B

,

5

.453

%

,

5/25/34

....

1,355

–

a

6166473.SQ.FTS.B

,

4

.527

%

,

5/28/34

....

5,156

239

a

6169281.SQ.FTS.B

,

4

.724

%

,

5/28/34

....

242

–

a

6169671.SQ.FTS.B

,

4

.528

%

,

5/29/34

....

2,580

4

a

6172125.SQ.FTS.B

,

5

.031

%

,

5/29/34

....

3,361

1

a

6176406.SQ.FTS.B

,

4

.749

%

,

5/30/34

....

11,958

4

a

6174157.SQ.FTS.B

,

5

.441

%

,

5/30/34

....

1,917

–

a

6176070.SQ.FTS.B

,

5

.565

%

,

5/30/34

....

662

–

a

6186681.SQ.FTS.B

,

5

.152

%

,

6/04/34

....

628

1

a

6191126.SQ.FTS.B

,

4

.528

%

,

6/05/34

....

1,433

2

a

6188827.SQ.FTS.B

,

4

.793

%

,

6/05/34

....

314

–

a

6194847.SQ.FTS.B

,

4

.748

%

,

6/06/34

....

2,674

3

a

6193329.SQ.FTS.B

,

5

.377

%

,

6/06/34

....

4,275

5

a

6199807.SQ.FTS.B

,

4

.754

%

,

6/07/34

....

2,588

3

a

6200483.SQ.FTS.B

,

5

.283

%

,

6/07/34

....

3,807

12

a

6207918.SQ.FTS.B

,

5

.534

%

,

6/09/34

....

14,807

20

a

6207882.SQ.FTS.B

,

5

.543

%

,

6/09/34

....

1,369

2

a

6210686.SQ.FTS.B

,

5

.157

%

,

6/11/34

....

3,226

6

a

6214585.SQ.FTS.B

,

5

.382

%

,

6/12/34

....

2,893

2

a

6213956.SQ.FTS.B

,

5

.53

%

,

6/12/34

.....

3,141

2

a

6217578.SQ.FTS.B

,

5

.377

%

,

6/13/34

....

1,053

70

a

6217157.SQ.FTS.B

,

5

.456

%

,

6/13/34

....

272

–

a

6220890.SQ.FTS.B

,

5

.031

%

,

6/14/34

....

11,147

6

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

89

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

6226697.SQ.FTS.B

,

4

.309

%

,

6/15/34

....

$

6,802

$

6

a

6225158.SQ.FTS.B

,

4

.527

%

,

6/15/34

....

3,256

280

a

6223684.SQ.FTS.B

,

5

.031

%

,

6/15/34

....

113

9

a

6226524.SQ.FTS.B

,

5

.281

%

,

6/15/34

....

2,241

1

a

6228233.SQ.FTS.B

,

5

.047

%

,

6/16/34

....

24

–

a

6229176.SQ.FTS.B

,

5

.281

%

,

6/16/34

....

4,816

5

a

6236524.SQ.FTS.B

,

5

.37

%

,

6/18/34

.....

301

24

a

6242053.SQ.FTS.B

,

4

.744

%

,

6/20/34

....

3,405

2

a

6242376.SQ.FTS.B

,

5

.251

%

,

6/20/34

....

5,760

8

a

6254118.SQ.FTS.B

,

4

.969

%

,

6/23/34

....

10,644

23

a

6254961.SQ.FTS.B

,

5

.472

%

,

6/23/34

....

5,460

7

a

6253221.SQ.FTS.B

,

5

.598

%

,

6/23/34

....

28,281

12

a

6252808.SQ.FTS.B

,

5

.601

%

,

6/23/34

....

5,809

10

a

6254832.SQ.FTS.B

,

5

.759

%

,

6/23/34

....

2,498

4

a

6255052.SQ.FTS.B

,

5

.597

%

,

6/24/34

....

667

50

a

6255882.SQ.FTS.B

,

5

.757

%

,

6/25/34

....

515

2

a

6259203.SQ.FTS.B

,

4

.759

%

,

6/27/34

....

445

–

a

6257645.SQ.FTS.B

,

5

.031

%

,

6/27/34

....

683

1

a

6259245.SQ.FTS.B

,

5

.75

%

,

6/27/34

.....

616

1

a

6260850.SQ.FTS.B

,

4

.969

%

,

6/28/34

....

22,653

25

a

6267406.SQ.FTS.B

,

5

.373

%

,

6/29/34

....

6,092

4

a

6271064.SQ.FTS.B

,

4

.748

%

,

6/30/34

....

1,555

4

a

6271110.SQ.FTS.B

,

4

.757

%

,

6/30/34

....

791

1

a

6269741.SQ.FTS.B

,

5

.031

%

,

6/30/34

....

7,237

16

a

6268263.SQ.FTS.B

,

5

.247

%

,

6/30/34

....

1,775

1

a

6268433.SQ.FTS.B

,

5

.258

%

,

6/30/34

....

284

–

a

6268142.SQ.FTS.B

,

5

.6

%

,

6/30/34

......

4,489

5

a

6271589.SQ.FTS.B

,

5

.445

%

,

7/01/34

....

1,098

2

a

6274032.SQ.FTS.B

,

5

.66

%

,

7/03/34

.....

2,950

3

a

6277193.SQ.FTS.B

,

5

.608

%

,

7/04/34

....

1,122

1

a

6282655.SQ.FTS.B

,

5

.66

%

,

7/05/34

.....

1,878

3

a

6285379.SQ.FTS.B

,

5

.743

%

,

7/06/34

....

295

1

a

6285826.SQ.FTS.B

,

5

.473

%

,

7/07/34

....

11,789

24

a

6286529.SQ.FTS.B

,

5

.748

%

,

7/08/34

....

439

1

a

6290705.SQ.FTS.B

,

5

.475

%

,

7/10/34

....

2,878

4

a

6290686.SQ.FTS.B

,

5

.488

%

,

7/10/34

....

440

1

a

6299822.SQ.FTS.B

,

5

.252

%

,

7/12/34

....

3,587

357

a

6302451.SQ.FTS.B

,

5

.66

%

,

7/13/34

.....

48,897

40

a

6303731.SQ.FTS.B

,

4

.733

%

,

7/14/34

....

260

–

a

6305199.SQ.FTS.B

,

5

.425

%

,

7/16/34

....

399

–

a

6307843.SQ.FTS.B

,

5

.754

%

,

7/17/34

....

53,032

264

a

6308638.SQ.FTS.B

,

4

.749

%

,

7/18/34

....

12,615

18

a

6317901.SQ.FTS.B

,

5

.754

%

,

7/20/34

....

928

87

a

6320015.SQ.FTS.B

,

5

.25

%

,

7/21/34

.....

2,205

9

a

6351220.SQ.FTS.B

,

5

.25

%

,

7/23/34

.....

7,497

25

a

6335477.SQ.FTS.B

,

5

.387

%

,

7/23/34

....

557

3

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

6362559.SQ.FTS.B

,

5

.127

%

,

7/26/34

....

$

26,180

$

21

a

6369651.SQ.FTS.B

,

4

.528

%

,

7/30/34

....

426

73

a

6368537.SQ.FTS.B

,

5

.66

%

,

7/30/34

.....

276

1

a

6372459.SQ.FTS.B

,

5

.376

%

,

7/31/34

....

2,642

4

a

6371193.SQ.FTS.B

,

5

.381

%

,

7/31/34

....

148

19

a

6374829.SQ.FTS.B

,

5

.129

%

,

8/01/34

....

5,779

23

a

6379217.SQ.FTS.B

,

5

.262

%

,

8/02/34

....

478

2

a

6381758.SQ.FTS.B

,

5

.475

%

,

8/02/34

....

2,586

6

a

6382230.SQ.FTS.B

,

5

.479

%

,

8/03/34

....

1,124

3

a

6386123.SQ.FTS.B

,

5

.252

%

,

8/05/34

....

3,613

5

a

6395381.SQ.FTS.B

,

4

.966

%

,

8/08/34

....

1,358

6

a

6394978.SQ.FTS.B

,

5

.752

%

,

8/08/34

....

2,823

12

a

6399623.SQ.FTS.B

,

5

.374

%

,

8/09/34

....

3,629

9

a

6399808.SQ.FTS.B

,

5

.442

%

,

8/09/34

....

5,425

9

a

6401578.SQ.FTS.B

,

5

.254

%

,

8/10/34

....

2,229

15

a

6404470.SQ.FTS.B

,

5

.251

%

,

8/11/34

....

11,152

17

a

6404013.SQ.FTS.B

,

5

.66

%

,

8/11/34

.....

1,738

2

a

6404711.SQ.FTS.B

,

5

.603

%

,

8/12/34

....

2,111

8

a

6408982.SQ.FTS.B

,

4

.743

%

,

8/14/34

....

2,687

8

a

6409817.SQ.FTS.B

,

4

.969

%

,

8/14/34

....

13,797

2,192

a

6412313.SQ.FTS.B

,

4

.75

%

,

8/15/34

.....

2,377

4

a

6423457.SQ.FTS.B

,

4

.747

%

,

8/17/34

....

547

1

a

6429072.SQ.FTS.B

,

5

.379

%

,

8/21/34

....

513

3

a

6427445.SQ.FTS.B

,

5

.439

%

,

8/21/34

....

6,571

21

a

6427032.SQ.FTS.B

,

5

.441

%

,

8/21/34

....

1,472

4

a

6433271.SQ.FTS.B

,

4

.742

%

,

8/22/34

....

3,084

4

a

6439919.SQ.FTS.B

,

5

.375

%

,

8/23/34

....

4,906

18

a

6439336.SQ.FTS.B

,

5

.377

%

,

8/23/34

....

10,031

57

a

6443722.SQ.FTS.B

,

5

.377

%

,

8/24/34

....

11,723

41

a

6443946.SQ.FTS.B

,

5

.447

%

,

8/24/34

....

2,284

6

a

6443705.SQ.FTS.B

,

5

.757

%

,

8/24/34

....

1,309

2

a

6450204.SQ.FTS.B

,

4

.969

%

,

8/28/34

....

1,484

9

a

6454476.SQ.FTS.B

,

5

.251

%

,

9/01/34

....

2,565

7

a

6463165.SQ.FTS.B

,

4

.974

%

,

9/03/34

....

850

4

a

6472563.SQ.FTS.B

,

5

.474

%

,

9/07/34

....

1,124

4

a

6480025.SQ.FTS.B

,

4

.528

%

,

9/09/34

....

6,855

39

a

6481471.SQ.FTS.B

,

5

.252

%

,

9/10/34

....

56,731

238

a

6484508.SQ.FTS.B

,

5

.737

%

,

9/10/34

....

907

3

a

6484990.SQ.FTS.B

,

5

.379

%

,

9/11/34

....

8,174

19

a

6485599.SQ.FTS.B

,

5

.595

%

,

9/11/34

....

3,350

23

a

6486754.SQ.FTS.B

,

4

.529

%

,

9/13/34

....

1,748

394

a

6488534.SQ.FTS.B

,

5

.66

%

,

9/13/34

.....

4,069

15

a

6490032.SQ.FTS.B

,

5

.66

%

,

9/13/34

.....

1,366

3

a

6497045.SQ.FTS.B

,

4

.301

%

,

9/15/34

....

103

34

a

6493901.SQ.FTS.B

,

4

.747

%

,

9/15/34

....

1,341

9

a

6495272.SQ.FTS.B

,

5

.383

%

,

9/15/34

....

2,996

15

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

90

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

6493807.SQ.FTS.B

,

5

.678

%

,

9/15/34

....

$

798

$

2

a

6499390.SQ.FTS.B

,

4

.753

%

,

9/16/34

....

1,905

11

a

6499466.SQ.FTS.B

,

4

.971

%

,

9/16/34

....

2,079

17

a

6499066.SQ.FTS.B

,

5

.132

%

,

9/16/34

....

2,376

8

a

6505651.SQ.FTS.B

,

5

.126

%

,

9/17/34

....

11,018

76

a

6504331.SQ.FTS.B

,

5

.251

%

,

9/17/34

....

16,006

95

a

6510199.SQ.FTS.B

,

5

.377

%

,

9/20/34

....

3,748

177

a

6509842.SQ.FTS.B

,

5

.758

%

,

9/20/34

....

5,661

36

a

6514993.SQ.FTS.B

,

4

.748

%

,

9/22/34

....

11,666

65

a

6526395.SQ.FTS.B

,

4

.967

%

,

9/26/34

....

123

31

a

6526438.SQ.FTS.B

,

5

.471

%

,

9/26/34

....

2,043

14

a

6528470.SQ.FTS.B

,

4

.527

%

,

9/27/34

....

5,896

52

a

6533471.SQ.FTS.B

,

5

.66

%

,

9/28/34

.....

5,455

32

a

6537833.SQ.FTS.B

,

4

.963

%

,

9/29/34

....

4,274

22

a

6546339.SQ.FTS.B

,

5

.031

%

,

9/30/34

....

3,311

23

a

6539774.SQ.FTS.B

,

5

.438

%

,

9/30/34

....

7,745

61

a

6545017.SQ.FTS.B

,

5

.438

%

,

9/30/34

....

5,479

31

a

6547912.SQ.FTS.B

,

5

.756

%

,

10/02/34

...

3,479

14

a

6550386.SQ.FTS.B

,

4

.842

%

,

10/03/34

...

3,804

327

a

6551364.SQ.FTS.B

,

5

.595

%

,

10/03/34

...

3,372

11

a

6551325.SQ.FTS.B

,

5

.597

%

,

10/03/34

...

1,077

130

a

6551310.SQ.FTS.B

,

5

.678

%

,

10/03/34

...

1,637

5

a

6551899.SQ.FTS.B

,

4

.528

%

,

10/04/34

...

1,713

18

a

6552179.SQ.FTS.B

,

5

.6

%

,

10/04/34

.....

1,236

11

a

6552833.SQ.FTS.B

,

5

.676

%

,

10/04/34

...

1,914

5

a

6557673.SQ.FTS.B

,

5

.377

%

,

10/05/34

...

8,860

35

a

6557212.SQ.FTS.B

,

6

.167

%

,

10/05/34

...

393

2

a

6561570.SQ.FTS.B

,

5

.593

%

,

10/06/34

...

61

18

a

6560669.SQ.FTS.B

,

5

.595

%

,

10/06/34

...

297

88

a

6564200.SQ.FTS.B

,

5

.564

%

,

10/07/34

...

2,361

23

a

6565297.SQ.FTS.B

,

5

.667

%

,

10/07/34

...

2,245

12

a

6566308.SQ.FTS.B

,

5

.205

%

,

10/08/34

...

588

3

a

6568787.SQ.FTS.B

,

4

.654

%

,

10/10/34

...

2,135

9

a

6570635.SQ.FTS.B

,

5

.757

%

,

10/10/34

...

197

1

a

6569379.SQ.FTS.B

,

5

.759

%

,

10/10/34

...

6,083

28

a

6573435.SQ.FTS.B

,

4

.751

%

,

10/11/34

...

434

1

a

6575505.SQ.FTS.B

,

5

.561

%

,

10/12/34

...

840

75

a

6574600.SQ.FTS.B

,

5

.99

%

,

10/12/34

....

466

3

a

6583381.SQ.FTS.B

,

4

.299

%

,

10/13/34

...

1,860

13

a

6584064.SQ.FTS.B

,

5

.184

%

,

10/14/34

...

1,765

514

a

6584703.SQ.FTS.B

,

5

.377

%

,

10/14/34

...

1,023

5

a

6584507.SQ.FTS.B

,

5

.752

%

,

10/14/34

...

292

89

a

6586628.SQ.FTS.B

,

5

.766

%

,

10/15/34

...

423

3

a

6591557.SQ.FTS.B

,

4

.748

%

,

10/18/34

...

22,190

125

a

6602708.SQ.FTS.B

,

4

.937

%

,

10/21/34

...

20,691

110

a

6603320.SQ.FTS.B

,

6

.256

%

,

10/21/34

...

2,923

18

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

6606708.SQ.FTS.B

,

4

.937

%

,

10/24/34

...

$

2,234

$

23

a

6608433.SQ.FTS.B

,

5

.187

%

,

10/24/34

...

7,450

56

a

6606355.SQ.FTS.B

,

6

.005

%

,

10/24/34

...

3,197

21

a

6606972.SQ.FTS.B

,

6

.415

%

,

10/24/34

...

2,678

19

a

6608920.SQ.FTS.B

,

4

.655

%

,

10/25/34

...

4,842

754

a

6608761.SQ.FTS.B

,

4

.729

%

,

10/25/34

...

529

3

a

6610691.SQ.FTS.B

,

5

.437

%

,

10/25/34

...

1,555

12

a

6610546.SQ.FTS.B

,

6

.424

%

,

10/25/34

...

2,651

23

a

6611834.SQ.FTS.B

,

4

.934

%

,

10/26/34

...

6,514

37

a

6620492.SQ.FTS.B

,

5

.563

%

,

10/28/34

...

1,824

14

a

6622989.SQ.FTS.B

,

5

.565

%

,

10/28/34

...

787

251

a

6621277.SQ.FTS.B

,

6

.437

%

,

10/28/34

...

645

5

a

6627023.SQ.FTS.B

,

4

.75

%

,

11/01/34

....

9,110

61

a

6626988.SQ.FTS.B

,

5

.457

%

,

11/01/34

...

1,021

5

a

6629563.SQ.FTS.B

,

6

.246

%

,

11/01/34

...

867

5

a

6632935.SQ.FTS.B

,

5

.367

%

,

11/02/34

...

1,675

13

a

6640951.SQ.FTS.B

,

5

.186

%

,

11/04/34

...

3,014

35

a

6638387.SQ.FTS.B

,

5

.187

%

,

11/04/34

...

6,765

35

a

6642494.SQ.FTS.B

,

5

.183

%

,

11/05/34

...

2,440

26

a

6642924.SQ.FTS.B

,

5

.436

%

,

11/05/34

...

918

3

a

6642786.SQ.FTS.B

,

5

.563

%

,

11/05/34

...

3,631

26

a

6642443.SQ.FTS.B

,

6

.01

%

,

11/05/34

....

1,132

6

a

6655765.SQ.FTS.B

,

6

.415

%

,

11/10/34

...

22,394

171

a

6660038.SQ.FTS.B

,

5

.192

%

,

11/11/34

...

1,286

535

a

6659902.SQ.FTS.B

,

5

.439

%

,

11/11/34

...

3,775

346

a

6662402.SQ.FTS.B

,

4

.654

%

,

11/12/34

...

16,704

112

a

6662851.SQ.FTS.B

,

4

.749

%

,

11/12/34

...

538

4

a

6667444.SQ.FTS.B

,

5

.189

%

,

11/15/34

...

13,968

2,328

a

6667839.SQ.FTS.B

,

5

.563

%

,

11/15/34

...

2,316

20

a

6669990.SQ.FTS.B

,

5

.756

%

,

11/15/34

...

2,054

13

a

6669319.SQ.FTS.B

,

5

.757

%

,

11/15/34

...

5,727

42

a

6668063.SQ.FTS.B

,

6

.167

%

,

11/15/34

...

1,906

13

a

6672873.SQ.FTS.B

,

4

.942

%

,

11/16/34

...

1,122

9

a

6672685.SQ.FTS.B

,

6

.418

%

,

11/16/34

...

9,596

495

a

6681453.SQ.FTS.B

,

4

.942

%

,

11/18/34

...

2,541

20

a

6681160.SQ.FTS.B

,

5

.19

%

,

11/18/34

....

11,154

120

a

6681576.SQ.FTS.B

,

6

.01

%

,

11/18/34

....

2,334

22

a

6684258.SQ.FTS.B

,

5

.379

%

,

11/19/34

...

5,085

66

a

6681713.SQ.FTS.B

,

5

.434

%

,

11/19/34

...

4,188

26

a

6683903.SQ.FTS.B

,

6

.164

%

,

11/19/34

...

1,832

13

a

6685416.SQ.FTS.B

,

6

.029

%

,

11/20/34

...

182

2

a

6687486.SQ.FTS.B

,

5

.443

%

,

11/22/34

...

1,208

13

a

6701879.SQ.FTS.B

,

4

.747

%

,

11/25/34

...

555

6

a

6703045.SQ.FTS.B

,

5

.373

%

,

11/25/34

...

589

227

a

6706998.SQ.FTS.B

,

4

.934

%

,

11/26/34

...

4,568

35

a

6705993.SQ.FTS.B

,

6

.41

%

,

11/26/34

....

3,907

24

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

91

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

6709178.SQ.FTS.B

,

5

.366

%

,

11/29/34

...

$

223

$

3

a

6709428.SQ.FTS.B

,

6

.005

%

,

11/29/34

...

651

275

a

6709139.SQ.FTS.B

,

6

.422

%

,

11/29/34

...

417

61

a

6716386.SQ.FTS.B

,

4

.656

%

,

11/30/34

...

14,513

122

a

6713041.SQ.FTS.B

,

4

.745

%

,

11/30/34

...

1,739

12

a

6718331.SQ.FTS.B

,

4

.937

%

,

12/01/34

...

2,965

32

a

6726195.SQ.FTS.B

,

5

.77

%

,

12/04/34

....

1,147

14

a

6727203.SQ.FTS.B

,

5

.371

%

,

12/05/34

...

1,293

16

a

6728878.SQ.FTS.B

,

6

.019

%

,

12/05/34

...

318

139

a

6736151.SQ.FTS.B

,

5

.19

%

,

12/07/34

....

844

142

a

6734360.SQ.FTS.B

,

5

.571

%

,

12/07/34

...

3,091

39

a

6735929.SQ.FTS.B

,

6

.418

%

,

12/07/34

...

7,389

92

a

6741238.SQ.FTS.B

,

5

.188

%

,

12/08/34

...

532

89

a

6741879.SQ.FTS.B

,

6

.159

%

,

12/08/34

...

304

112

a

6741768.SQ.FTS.B

,

6

.258

%

,

12/08/34

...

66

10

a

6747289.SQ.FTS.B

,

5

.192

%

,

12/10/34

...

3,359

42

a

6747633.SQ.FTS.B

,

5

.206

%

,

12/11/34

...

540

191

a

6749151.SQ.FTS.B

,

5

.758

%

,

12/12/34

...

2,209

23

a

6756754.SQ.FTS.B

,

4

.937

%

,

12/14/34

...

5,045

2,539

a

6755529.SQ.FTS.B

,

5

.195

%

,

12/14/34

...

933

463

a

6755599.SQ.FTS.B

,

5

.382

%

,

12/14/34

...

3,652

42

a

6765978.SQ.FTS.B

,

6

.413

%

,

12/16/34

...

3,559

53

a

6767513.SQ.FTS.B

,

6

.413

%

,

12/16/34

...

3,105

561

a

6769902.SQ.FTS.B

,

5

.756

%

,

12/18/34

...

1,683

18

a

6770314.SQ.FTS.B

,

4

.757

%

,

12/19/34

...

850

11

a

6770294.SQ.FTS.B

,

5

.418

%

,

12/19/34

...

1,307

16

a

6770865.SQ.FTS.B

,

6

.164

%

,

12/19/34

...

4,212

54

a

6772432.SQ.FTS.B

,

4

.659

%

,

12/20/34

...

3,614

37

a

6771628.SQ.FTS.B

,

5

.378

%

,

12/20/34

...

11,342

1,613

a

6775946.SQ.FTS.B

,

6

.15

%

,

12/21/34

....

868

8

a

6785814.SQ.FTS.B

,

6

.008

%

,

12/23/34

...

3,173

42

a

6789729.SQ.FTS.B

,

5

.755

%

,

12/26/34

...

23,677

636

a

6789128.SQ.FTS.B

,

6

.008

%

,

12/26/34

...

6,626

81

a

6792899.SQ.FTS.B

,

5

.377

%

,

12/27/34

...

15,687

270

a

6795851.SQ.FTS.B

,

6

.414

%

,

12/28/34

...

13,992

347

a

6800164.SQ.FTS.B

,

5

.451

%

,

12/29/34

...

921

15

a

6807351.SQ.FTS.B

,

5

.571

%

,

12/30/34

...

629

12

a

6807255.SQ.FTS.B

,

6

.011

%

,

12/30/34

...

3,694

39

a

6812718.SQ.FTS.B

,

4

.933

%

,

1/03/35

....

8,701

136

a

6813993.SQ.FTS.B

,

4

.656

%

,

1/04/35

....

299

70

a

6815365.SQ.FTS.B

,

5

.568

%

,

1/05/35

....

4,873

153

a

6815336.SQ.FTS.B

,

5

.76

%

,

1/05/35

.....

1,094

15

a

6814457.SQ.FTS.B

,

6

.205

%

,

1/05/35

....

231

4

a

6826091.SQ.FTS.B

,

5

.418

%

,

1/08/35

....

182

3

a

6828597.SQ.FTS.B

,

6

.01

%

,

1/10/35

.....

1,851

29

a

6830425.SQ.FTS.B

,

6

.154

%

,

1/10/35

....

1,050

9

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

6833081.SQ.FTS.B

,

5

.753

%

,

1/11/35

....

$

3,849

$

820

a

6831288.SQ.FTS.B

,

5

.755

%

,

1/11/35

....

1,391

18

a

6840796.SQ.FTS.B

,

5

.755

%

,

1/13/35

....

6,180

3,027

a

6844837.SQ.FTS.B

,

5

.189

%

,

1/14/35

....

7,349

3,731

a

6845844.SQ.FTS.B

,

5

.577

%

,

1/15/35

....

2,264

30

a

6853583.SQ.FTS.B

,

4

.652

%

,

1/18/35

....

1,004

18

a

6864766.SQ.FTS.B

,

5

.461

%

,

1/22/35

....

346

7

a

6865119.SQ.FTS.B

,

6

.261

%

,

1/22/35

....

1,131

20

a

6865816.SQ.FTS.B

,

4

.941

%

,

1/23/35

....

975

220

a

6865425.SQ.FTS.B

,

6

.417

%

,

1/23/35

....

243

62

a

6867424.SQ.FTS.B

,

4

.938

%

,

1/24/35

....

1,958

1,083

a

6867235.SQ.FTS.B

,

5

.378

%

,

1/24/35

....

4,400

85

a

6870920.SQ.FTS.B

,

5

.433

%

,

1/25/35

....

147

65

a

6873888.SQ.FTS.B

,

4

.654

%

,

1/26/35

....

1,713

1,053

a

6874224.SQ.FTS.B

,

4

.938

%

,

1/26/35

....

12,671

220

a

6880319.SQ.FTS.B

,

4

.755

%

,

1/27/35

....

952

13

a

6877983.SQ.FTS.B

,

5

.189

%

,

1/27/35

....

1,347

648

a

6878498.SQ.FTS.B

,

6

.006

%

,

1/27/35

....

15,839

405

a

6879258.SQ.FTS.B

,

6

.169

%

,

1/27/35

....

995

19

a

6883683.SQ.FTS.B

,

6

.259

%

,

1/28/35

....

11,390

238

a

6889101.SQ.FTS.B

,

4

.932

%

,

1/31/35

....

894

19

a

6891704.SQ.FTS.B

,

4

.939

%

,

2/01/35

....

5,441

2,923

a

6894382.SQ.FTS.B

,

6

.261

%

,

2/02/35

....

3,927

78

a

6898271.SQ.FTS.B

,

5

.378

%

,

2/03/35

....

202

113

a

6901055.SQ.FTS.B

,

5

.187

%

,

2/04/35

....

8,090

204

a

6905278.SQ.FTS.B

,

5

.375

%

,

2/06/35

....

4,086

61

a

6905725.SQ.FTS.B

,

6

.41

%

,

2/06/35

.....

2,638

441

a

6910812.SQ.FTS.B

,

5

.563

%

,

2/08/35

....

5,166

135

a

6912180.SQ.FTS.B

,

5

.378

%

,

2/09/35

....

35

20

a

6913129.SQ.FTS.B

,

5

.759

%

,

2/09/35

....

1,084

18

a

6913617.SQ.FTS.B

,

6

.006

%

,

2/09/35

....

11,248

185

a

6918477.SQ.FTS.B

,

4

.762

%

,

2/10/35

....

795

5

a

6918090.SQ.FTS.B

,

5

.376

%

,

2/10/35

....

772

428

a

6919314.SQ.FTS.B

,

4

.654

%

,

2/11/35

....

475

314

a

6919126.SQ.FTS.B

,

4

.721

%

,

2/11/35

....

870

5

a

6919280.SQ.FTS.B

,

6

.17

%

,

2/11/35

.....

95

50

a

6920374.SQ.FTS.B

,

6

.421

%

,

2/11/35

....

1,833

36

a

6921125.SQ.FTS.B

,

4

.655

%

,

2/13/35

....

223

148

a

6921429.SQ.FTS.B

,

6

.261

%

,

2/13/35

....

1,922

938

a

6923080.SQ.FTS.B

,

5

.567

%

,

2/14/35

....

5,327

84

a

6934280.SQ.FTS.B

,

5

.378

%

,

2/17/35

....

655

371

a

6935047.SQ.FTS.B

,

5

.38

%

,

2/17/35

.....

518

296

a

6933378.SQ.FTS.B

,

6

.007

%

,

2/17/35

....

1,773

270

a

6937297.SQ.FTS.B

,

4

.748

%

,

2/18/35

....

2,807

67

a

6939326.SQ.FTS.B

,

5

.44

%

,

2/18/35

.....

8,134

93

a

6937107.SQ.FTS.B

,

5

.441

%

,

2/18/35

....

2,690

65

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

92

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

6939442.SQ.FTS.B

,

5

.565

%

,

2/18/35

....

$

1,319

$

30

a

6941232.SQ.FTS.B

,

5

.755

%

,

2/19/35

....

15,314

7,152

a

6941710.SQ.FTS.B

,

6

.007

%

,

2/19/35

....

5,409

83

a

6942041.SQ.FTS.B

,

6

.135

%

,

2/20/35

....

783

10

a

6946128.SQ.FTS.B

,

5

.748

%

,

2/21/35

....

1,931

43

a

6946527.SQ.FTS.B

,

6

.003

%

,

2/21/35

....

1,089

265

a

6956807.SQ.FTS.B

,

5

.377

%

,

2/24/35

....

855

22

a

6957735.SQ.FTS.B

,

5

.377

%

,

2/24/35

....

2,280

1,429

a

6957843.SQ.FTS.B

,

6

.007

%

,

2/24/35

....

5,088

116

a

6957706.SQ.FTS.B

,

6

.439

%

,

2/24/35

....

982

15

a

6958893.SQ.FTS.B

,

5

.475

%

,

2/25/35

....

286

157

a

6962136.SQ.FTS.B

,

5

.755

%

,

2/25/35

....

1,990

44

a

6962386.SQ.FTS.B

,

5

.445

%

,

2/26/35

....

1,499

837

a

6962665.SQ.FTS.B

,

5

.572

%

,

2/26/35

....

2,127

1,289

a

6962449.SQ.FTS.B

,

6

%

,

2/26/35

.......

2,315

1,053

a

6963632.SQ.FTS.B

,

4

.66

%

,

2/27/35

.....

537

377

a

6963703.SQ.FTS.B

,

5

.441

%

,

2/27/35

....

4,924

1,219

a

6970424.SQ.FTS.B

,

5

.189

%

,

2/28/35

....

1,193

729

a

6968688.SQ.FTS.B

,

5

.439

%

,

2/28/35

....

15,914

417

a

6969892.SQ.FTS.B

,

5

.743

%

,

2/28/35

....

68

41

a

6964600.SQ.FTS.B

,

5

.754

%

,

2/28/35

....

3,817

66

a

6965538.SQ.FTS.B

,

5

.758

%

,

2/28/35

....

477

308

a

6977409.SQ.FTS.B

,

5

.758

%

,

2/28/35

....

6,257

183

a

6983996.SQ.FTS.B

,

4

.655

%

,

3/01/35

....

1,030

723

a

6983514.SQ.FTS.B

,

4

.657

%

,

3/01/35

....

1,054

323

a

6981506.SQ.FTS.B

,

5

.759

%

,

3/01/35

....

4,725

142

a

6981745.SQ.FTS.B

,

6

.205

%

,

3/01/35

....

727

14

a

6983907.SQ.FTS.B

,

6

.255

%

,

3/01/35

....

5,990

121

a

6983184.SQ.FTS.B

,

6

.258

%

,

3/01/35

....

2,759

86

a

6985831.SQ.FTS.B

,

5

.756

%

,

3/03/35

....

6,077

196

a

6986183.SQ.FTS.B

,

6

.005

%

,

3/03/35

....

1,326

28

a

6986475.SQ.FTS.B

,

5

.564

%

,

3/04/35

....

434

247

a

6987073.SQ.FTS.B

,

5

.772

%

,

3/04/35

....

389

9

a

6987047.SQ.FTS.B

,

6

.254

%

,

3/04/35

....

3,612

79

a

6988209.SQ.FTS.B

,

4

.654

%

,

3/05/35

....

198

141

a

6988804.SQ.FTS.B

,

5

.378

%

,

3/05/35

....

22,027

821

a

6990319.SQ.FTS.B

,

5

.426

%

,

3/05/35

....

153

90

a

6990239.SQ.FTS.B

,

5

.438

%

,

3/05/35

....

1,041

648

a

6992671.SQ.FTS.B

,

5

.188

%

,

3/06/35

....

804

32

a

6992646.SQ.FTS.B

,

5

.386

%

,

3/06/35

....

878

224

a

6991080.SQ.FTS.B

,

6

.168

%

,

3/06/35

....

878

22

a

6999659.SQ.FTS.B

,

5

.377

%

,

3/08/35

....

6,547

108

a

6999790.SQ.FTS.B

,

5

.377

%

,

3/08/35

....

11,205

6,954

a

7001400.SQ.FTS.B

,

6

.163

%

,

3/08/35

....

1,582

802

a

7003117.SQ.FTS.B

,

5

.451

%

,

3/09/35

....

715

17

a

7002848.SQ.FTS.B

,

5

.753

%

,

3/09/35

....

2,390

66

Description

Principal

Amount

Value

Block,

Inc.

(continued)

a

7006832.SQ.FTS.B

,

5

.564

%

,

3/11/35

....

$

11,203

$

3,759

a

7006543.SQ.FTS.B

,

5

.57

%

,

3/11/35

.....

5,929

259

a

7007213.SQ.FTS.B

,

5

.746

%

,

3/11/35

....

3,175

85

a

7009604.SQ.FTS.B

,

5

.755

%

,

3/12/35

....

3,235

2,154

a

7013018.SQ.FTS.B

,

4

.654

%

,

3/13/35

....

2,043

1,425

a

7012393.SQ.FTS.B

,

5

.198

%

,

3/13/35

....

494

302

a

7010981.SQ.FTS.B

,

5

.377

%

,

3/13/35

....

2,023

41

a

7012466.SQ.FTS.B

,

5

.568

%

,

3/13/35

....

932

614

a

7016571.SQ.FTS.B

,

5

.39

%

,

3/14/35

.....

104

63

a

7019058.SQ.FTS.B

,

5

.758

%

,

3/14/35

....

2,131

1,500

a

7021770.SQ.FTS.B

,

5

.996

%

,

3/15/35

....

231

159

a

7025073.SQ.FTS.B

,

4

.94

%

,

3/16/35

.....

2,611

1,737

a

7025429.SQ.FTS.B

,

5

.747

%

,

3/16/35

....

486

290

a

7024779.SQ.FTS.B

,

5

.757

%

,

3/16/35

....

4,274

2,909

a

7028336.SQ.FTS.B

,

5

.436

%

,

3/18/35

....

273

192

a

7029684.SQ.FTS.B

,

6

.417

%

,

3/18/35

....

189

97

a

7032947.SQ.FTS.B

,

4

.653

%

,

3/19/35

....

487

344

a

7031129.SQ.FTS.B

,

5

.566

%

,

3/19/35

....

23,073

674

a

7033869.SQ.FTS.B

,

6

.158

%

,

3/19/35

....

2,930

60

a

7030479.SQ.FTS.B

,

6

.26

%

,

3/19/35

.....

2,131

1,246

a

7036165.SQ.FTS.B

,

4

.657

%

,

3/20/35

....

6,631

194

a

7034652.SQ.FTS.B

,

5

.374

%

,

3/20/35

....

3,269

2,096

a

7040271.SQ.FTS.B

,

5

.377

%

,

3/21/35

....

24,317

15,385

a

7046389.SQ.FTS.B

,

4

.762

%

,

3/22/35

....

266

156

a

7046858.SQ.FTS.B

,

5

.566

%

,

3/22/35

....

6,997

316

a

7044311.SQ.FTS.B

,

5

.757

%

,

3/22/35

....

2,555

86

a

7046224.SQ.FTS.B

,

6

.008

%

,

3/22/35

....

1,207

706

a

7046821.SQ.FTS.B

,

6

.169

%

,

3/22/35

....

342

145

a

7044180.SQ.FTS.B

,

6

.256

%

,

3/22/35

....

778

23

a

7047312.SQ.FTS.B

,

5

.566

%

,

3/23/35

....

1,694

854

a

7047271.SQ.FTS.B

,

6

.25

%

,

3/23/35

.....

1,709

911

a

7050555.SQ.FTS.B

,

5

.378

%

,

3/25/35

....

2,770

1,917

a

7048994.SQ.FTS.B

,

5

.444

%

,

3/25/35

....

1,535

50

a

7050699.SQ.FTS.B

,

6

.012

%

,

3/25/35

....

1,636

31

a

7055837.SQ.FTS.B

,

5

.754

%

,

3/27/35

....

5,733

191

a

7060939.SQ.FTS.B

,

5

.381

%

,

3/28/35

....

2,141

1,365

a

7066201.SQ.FTS.B

,

5

.387

%

,

3/29/35

....

1,464

816

a

7066581.SQ.FTS.B

,

5

.565

%

,

3/29/35

....

4,836

3,427

a

7069074.SQ.FTS.B

,

4

.938

%

,

4/01/35

....

4,845

2,765

a

7077191.SQ.FTS.B

,

4

.654

%

,

4/03/35

....

5,771

257

a

7075651.SQ.FTS.B

,

5

.381

%

,

4/03/35

....

3,121

1,734

a

7075883.SQ.FTS.B

,

6

.007

%

,

4/03/35

....

3,716

167

a

7077874.SQ.FTS.B

,

6

.413

%

,

4/04/35

....

1,766

26

a

7087577.SQ.FTS.B

,

4

.937

%

,

4/05/35

....

27,996

775

a

7086320.SQ.FTS.B

,

5

.196

%

,

4/05/35

....

996

734

a

7087146.SQ.FTS.B

,

5

.758

%

,

4/05/35

....

5,687

168

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

93

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

a

7091881.SQ.FTS.B

,

6

.007

%

,

4/06/35

....

$

25,110

$

714

a

7093794.SQ.FTS.B

,

5

.191

%

,

4/08/35

....

1,694

958

a

7094204.SQ.FTS.B

,

5

.197

%

,

4/09/35

....

963

522

a

7101547.SQ.FTS.B

,

6

.002

%

,

4/11/35

....

1,547

41

a

7099200.SQ.FTS.B

,

6

.256

%

,

4/11/35

....

9,571

275

a

7106250.SQ.FTS.B

,

5

.564

%

,

4/12/35

....

3,077

2,213

a

7107852.SQ.FTS.B

,

5

.754

%

,

4/12/35

....

22,699

9,319

a

7111729.SQ.FTS.B

,

5

.38

%

,

4/13/35

.....

2,276

1,432

a

7111089.SQ.FTS.B

,

5

.565

%

,

4/13/35

....

614

361

a

7111151.SQ.FTS.B

,

5

.76

%

,

4/13/35

.....

801

494

a

7112088.SQ.FTS.B

,

5

.193

%

,

4/14/35

....

3,625

2,070

a

7112613.SQ.FTS.B

,

6

.26

%

,

4/14/35

.....

5,163

182

a

7113614.SQ.FTS.B

,

6

.003

%

,

4/15/35

....

1,047

471

a

7116213.SQ.FTS.B

,

4

.746

%

,

4/16/35

....

323

12

a

7114099.SQ.FTS.B

,

5

.576

%

,

4/16/35

....

1,266

39

a

7119610.SQ.FTS.B

,

5

.754

%

,

4/17/35

....

2,533

107

a

7120695.SQ.FTS.B

,

6

.006

%

,

4/17/35

....

13,067

190

a

7117683.SQ.FTS.B

,

6

.168

%

,

4/17/35

....

5,322

82

a

7120315.SQ.FTS.B

,

6

.171

%

,

4/17/35

....

110

3

a

7125880.SQ.FTS.B

,

6

.009

%

,

4/18/35

....

6,031

3,149

a

7132043.SQ.FTS.B

,

4

.654

%

,

4/19/35

....

11,699

426

a

7131834.SQ.FTS.B

,

4

.941

%

,

4/19/35

....

1,213

924

a

7135169.SQ.FTS.B

,

6

.001

%

,

4/19/35

....

1,758

857

a

7138440.SQ.FTS.B

,

4

.775

%

,

4/20/35

....

471

236

a

7138680.SQ.FTS.B

,

5

.372

%

,

4/20/35

....

978

676

a

7136267.SQ.FTS.B

,

5

.577

%

,

4/20/35

....

492

59

a

7136338.SQ.FTS.B

,

6

.01

%

,

4/20/35

.....

2,014

975

a

7142031.SQ.FTS.B

,

5

.19

%

,

4/21/35

.....

2,471

1,954

a

7143017.SQ.FTS.B

,

5

.748

%

,

4/22/35

....

811

506

a

7143719.SQ.FTS.B

,

4

.654

%

,

4/23/35

....

1,055

746

a

7147190.SQ.FTS.B

,

5

.44

%

,

4/23/35

.....

6,796

204

a

7145816.SQ.FTS.B

,

6

.162

%

,

4/23/35

....

1,117

742

a

7145718.SQ.FTS.B

,

6

.258

%

,

4/23/35

....

1,002

506

a

7150495.SQ.FTS.B

,

4

.746

%

,

4/24/35

....

21

10

a

7149008.SQ.FTS.B

,

5

.362

%

,

4/24/35

....

231

158

a

7148098.SQ.FTS.B

,

5

.418

%

,

4/24/35

....

176

94

a

7150443.SQ.FTS.B

,

5

.564

%

,

4/24/35

....

694

417

a

7153431.SQ.FTS.B

,

4

.938

%

,

4/25/35

....

21,694

1,658

a

7154592.SQ.FTS.B

,

4

.94

%

,

4/25/35

.....

2,612

1,175

a

7154470.SQ.FTS.B

,

5

.446

%

,

4/25/35

....

573

9

a

7152426.SQ.FTS.B

,

5

.566

%

,

4/25/35

....

10,219

6,696

a

7163428.SQ.FTS.B

,

5

.192

%

,

4/27/35

....

3,147

1,522

a

7164056.SQ.FTS.B

,

6

.403

%

,

4/27/35

....

323

185

a

7164004.SQ.FTS.B

,

6

.416

%

,

4/27/35

....

9,823

234

40,870,929

Description

Principal

Amount

Value

Freedom

Financial

Asset

Management

LLC

APP-13628483.FP.FTS.B

,

16

.49

%

,

4/29/25

$

392

$

395

APP-14056236.FP.FTS.B

,

13

.24

%

,

4/30/25

2,290

2,315

APP-14271382.FP.FTS.B

,

18

.49

%

,

5/02/25

1,077

1,077

APP-13431511.FP.FTS.B

,

9

.74

%

,

5/04/25

.

460

460

APP-13352228.FP.FTS.B

,

25

.49

%

,

5/04/25

843

736

APP-13416512.FP.FTS.B

,

9

.49

%

,

5/05/25

.

1,350

1,349

APP-14179250.FP.FTS.B

,

9

.84

%

,

5/05/25

.

1,918

1,922

APP-13199149.FP.FTS.B

,

9

.74

%

,

5/10/25

.

489

489

APP-13628220.FP.FTS.B

,

15

.49

%

,

5/13/25

411

412

APP-13679431.FP.FTS.B

,

19

.49

%

,

5/13/25

576

577

APP-14372135.FP.FTS.B

,

10

.49

%

,

5/15/25

1,013

1,015

APP-13658658.FP.FTS.B

,

11

.84

%

,

5/18/25

438

439

APP-14286350.FP.FTS.B

,

16

.99

%

,

5/19/25

1,273

1,279

APP-13625542.FP.FTS.B

,

24

.99

%

,

5/20/25

3,220

425

APP-12931531.FP.FTS.B

,

21

.49

%

,

5/21/25

439

442

APP-12543097.FP.FTS.B

,

10

.09

%

,

5/23/25

460

461

APP-13658257.FP.FTS.B

,

10

.09

%

,

5/26/25

607

608

APP-14240775.FP.FTS.B

,

20

.49

%

,

6/08/25

788

791

APP-14229868.FP.FTS.B

,

16

.74

%

,

6/15/25

3,906

3,922

APP-14384326.FP.FTS.B

,

16

.99

%

,

6/15/25

1,390

1,396

APP-13335711.FP.FTS.B

,

14

.49

%

,

6/20/25

1,334

1,343

APP-14179277.FP.FTS.B

,

12

.74

%

,

6/22/25

2,611

2,628

APP-14179511.FP.FTS.B

,

18

.49

%

,

6/22/25

620

625

APP-14477454.FP.FTS.B

,

13

.99

%

,

6/24/25

741

743

APP-14386049.FP.FTS.B

,

22

.24

%

,

6/29/25

1,116

1,135

APP-14440616.FP.FTS.B

,

25

.49

%

,

7/01/25

1,493

1,506

APP-14558687.FP.FTS.B

,

25

.49

%

,

7/07/25

2,054

2,069

APP-14523480.FP.FTS.B

,

18

.99

%

,

7/08/25

2,039

2,055

APP-12236101.FP.FTS.B

,

20

.99

%

,

7/11/25

2,564

2,597

APP-14865343.FP.FTS.B

,

10

.24

%

,

7/21/25

1,461

1,464

APP-14246643.FP.FTS.B

,

14

.99

%

,

8/17/25

4,073

4,114

APP-10561160.FP.FTS.B

,

18

.99

%

,

9/13/25

3,256

3,349

APP-10551426.FP.FTS.B

,

10

.99

%

,

9/21/25

3,687

3,713

APP-14256949.FP.FTS.B

,

16

.24

%

,

9/23/25

8,589

8,706

APP-10752759.FP.FTS.B

,

18

.99

%

,

10/17/25

5,244

5,389

APP-10580212.FP.FTS.B

,

18

.49

%

,

11/03/25

3,406

3,493

APP-10561236.FP.FTS.B

,

15

.99

%

,

11/04/25

6,336

6,403

APP-10627143.FP.FTS.B

,

16

.99

%

,

11/09/25

2,624

2,674

APP-10671041.FP.FTS.B

,

16

.49

%

,

11/16/25

4,957

5,067

APP-10703763.FP.FTS.B

,

14

.49

%

,

11/20/25

4,396

4,491

APP-10776590.FP.FTS.B

,

18

.49

%

,

11/23/25

4,018

4,125

APP-10745958.FP.FTS.B

,

8

.99

%

,

11/30/25

2,654

2,678

APP-11008674.FP.FTS.B

,

10

.99

%

,

12/05/25

4,248

4,285

APP-10941172.FP.FTS.B

,

10

.99

%

,

12/14/25

5,233

5,279

APP-10293581.FP.FTS.B

,

11

.49

%

,

12/14/25

7,409

7,475

APP-10856578.FP.FTS.B

,

18

.49

%

,

12/14/25

2,339

2,393

APP-11701384.FP.FTS.B

,

18

.49

%

,

12/15/25

960

970

APP-11823260.FP.FTS.B

,

11

.99

%

,

12/16/25

2,870

2,899

APP-12180264.FP.FTS.B

,

10

.24

%

,

1/26/26

3,450

3,489

APP-12244001.FP.FTS.B

,

13

.24

%

,

1/27/26

2,535

2,564

APP-10775435.FP.FTS.B

,

15

.49

%

,

1/31/26

3,493

3,514

APP-11822517.FP.FTS.B

,

9

.99

%

,

2/05/26

.

2,253

2,257

APP-11764476.FP.FTS.B

,

13

.24

%

,

2/05/26

2,646

2,676

APP-11754629.FP.FTS.B

,

12

.24

%

,

2/06/26

10,273

10,388

APP-11041391.FP.FTS.B

,

11

.49

%

,

2/10/26

9,912

10,012

APP-11817911.FP.FTS.B

,

18

.74

%

,

2/13/26

2,647

953

APP-12887499.FP.FTS.B

,

19

.49

%

,

2/25/26

2,741

2,829

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

94

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Freedom

Financial

Asset

Management

LLC

(continued)

APP-12780048.FP.FTS.B

,

8

.24

%

,

2/28/26

.

$

4,902

$

4,961

APP-12543851.FP.FTS.B

,

12

.74

%

,

3/01/26

8,214

8,296

APP-12934173.FP.FTS.B

,

10

.24

%

,

3/08/26

5,320

5,377

APP-12253162.FP.FTS.B

,

19

.99

%

,

3/12/26

5,429

5,667

APP-12176269.FP.FTS.B

,

16

.49

%

,

3/13/26

7,059

7,353

APP-12231617.FP.FTS.B

,

16

.99

%

,

3/26/26

7,120

7,370

APP-12675358.FP.FTS.B

,

11

.99

%

,

3/28/26

1,490

1,499

APP-11877668.FP.FTS.B

,

16

.49

%

,

3/28/26

7,228

7,581

APP-13414992.FP.FTS.B

,

9

.99

%

,

3/30/26

.

9,184

9,299

APP-12803304.FP.FTS.B

,

18

.24

%

,

3/31/26

9,677

9,965

APP-12779873.FP.FTS.B

,

9

.49

%

,

4/03/26

.

8,895

8,983

APP-12886380.FP.FTS.B

,

9

.99

%

,

4/03/26

.

9,534

9,628

APP-12889924.FP.FTS.B

,

18

.74

%

,

4/03/26

8,113

8,466

APP-12744909.FP.FTS.B

,

10

.24

%

,

4/09/26

1,818

1,822

APP-12787408.FP.FTS.B

,

14

.99

%

,

4/10/26

6,334

6,433

APP-12779696.FP.FTS.B

,

10

.99

%

,

4/11/26

10,409

10,492

APP-12792270.FP.FTS.B

,

17

.99

%

,

4/11/26

6,363

6,591

APP-13059570.FP.FTS.B

,

8

.24

%

,

4/12/26

.

4,502

4,551

APP-11694989.FP.FTS.B

,

9

.99

%

,

4/12/26

.

4,707

4,754

APP-13048169.FP.FTS.B

,

10

.24

%

,

4/12/26

4,283

4,329

APP-13021207.FP.FTS.B

,

13

.99

%

,

4/15/26

8,283

8,523

APP-12800863.FP.FTS.B

,

17

.49

%

,

4/15/26

5,169

5,399

APP-12911306.FP.FTS.B

,

7

.99

%

,

4/22/26

.

11,371

11,511

APP-10692670.FP.FTS.B

,

18

.49

%

,

4/22/26

1,220

1,237

APP-13014947.FP.FTS.B

,

14

.99

%

,

4/23/26

5,370

5,480

APP-12859987.FP.FTS.B

,

14

.74

%

,

4/26/26

9,166

9,487

APP-12949437.FP.FTS.B

,

21

.99

%

,

4/30/26

6,509

6,907

APP-13423683.FP.FTS.B

,

9

.99

%

,

5/01/26

.

8,575

8,664

APP-13396926.FP.FTS.B

,

13

.74

%

,

5/01/26

11,961

12,241

APP-13439922.FP.FTS.B

,

16

.99

%

,

5/01/26

5,620

5,776

APP-14385374.FP.FTS.B

,

19

.49

%

,

5/03/26

3,815

3,905

APP-13431225.FP.FTS.B

,

16

.99

%

,

5/04/26

4,746

4,842

APP-13429002.FP.FTS.B

,

8

.24

%

,

5/10/26

.

5,527

5,591

APP-13386894.FP.FTS.B

,

7

.99

%

,

5/14/26

.

7,676

7,769

APP-13441691.FP.FTS.B

,

17

.99

%

,

5/14/26

7,363

7,644

APP-14179201.FP.FTS.B

,

12

.34

%

,

6/08/26

4,265

4,321

APP-13657810.FP.FTS.B

,

18

.99

%

,

6/12/26

3,773

3,826

APP-14276082.FP.FTS.B

,

10

.34

%

,

6/15/26

9,615

3,215

APP-14398590.FP.FTS.B

,

10

.99

%

,

6/15/26

4,053

4,102

APP-14189728.FP.FTS.B

,

17

.74

%

,

6/15/26

18,989

19,720

APP-14306826.FP.FTS.B

,

10

.34

%

,

6/17/26

8,662

8,767

APP-14531089.FP.FTS.B

,

10

.99

%

,

6/22/26

6,759

6,858

APP-14549001.FP.FTS.B

,

21

.49

%

,

6/23/26

10,603

11,144

APP-13605261.FP.FTS.B

,

13

.74

%

,

6/30/26

13,133

13,544

APP-10617769.FP.FTS.B

,

17

.49

%

,

6/30/26

3,030

3,091

APP-15018518.FP.FTS.B

,

11

.24

%

,

7/11/26

1,356

1,359

APP-11811501.FP.FTS.B

,

15

.24

%

,

7/12/26

3,375

3,398

APP-15020512.FP.FTS.B

,

10

.24

%

,

7/15/26

11,391

11,532

APP-14409335.FP.FTS.B

,

18

.49

%

,

7/15/26

3,744

3,809

APP-13899724.FP.FTS.B

,

11

.24

%

,

7/18/26

5,922

6,008

APP-10561482.FP.FTS.B

,

16

.99

%

,

7/31/26

9,484

9,864

APP-10179113.FP.FTS.B

,

12

.49

%

,

8/15/26

12,165

12,318

APP-10116903.FP.FTS.B

,

14

.24

%

,

8/15/26

8,626

8,746

APP-10063830.FP.FTS.B

,

15

.99

%

,

8/16/26

18,588

18,924

APP-10105795.FP.FTS.B

,

23

.49

%

,

8/17/26

9,334

9,794

APP-14531002.FP.FTS.B

,

17

.74

%

,

8/20/26

5,435

5,485

APP-11746987.FP.FTS.B

,

18

.49

%

,

9/05/26

8,801

7,048

Description

Principal

Amount

Value

Freedom

Financial

Asset

Management

LLC

(continued)

APP-10557980.FP.FTS.B

,

19

.99

%

,

9/05/26

$

5,875

$

6,054

APP-10622378.FP.FTS.B

,

13

.24

%

,

9/15/26

18,232

18,443

APP-12886960.FP.FTS.B

,

22

.49

%

,

9/15/26

1,761

1,801

APP-10190160.FP.FTS.B

,

18

.99

%

,

9/28/26

4,253

4,400

APP-10571945.FP.FTS.B

,

11

.24

%

,

10/15/26

18,023

18,254

APP-11037126.FP.FTS.B

,

17

.99

%

,

10/18/26

4,306

4,374

APP-10412146.FP.FTS.B

,

20

.49

%

,

10/21/26

10,275

10,671

APP-10610237.FP.FTS.B

,

11

.99

%

,

10/25/26

4,541

4,596

APP-10482503.FP.FTS.B

,

17

.99

%

,

10/28/26

3,375

3,427

APP-11029798.FP.FTS.B

,

17

.49

%

,

10/30/26

4,867

4,950

APP-10567055.FP.FTS.B

,

13

.24

%

,

11/01/26

19,795

20,054

APP-10597275.FP.FTS.B

,

14

.49

%

,

11/01/26

1,530

1,552

APP-10561574.FP.FTS.B

,

14

.74

%

,

11/02/26

11,246

11,416

APP-10590862.FP.FTS.B

,

11

.99

%

,

11/05/26

7,487

7,584

APP-10599539.FP.FTS.B

,

13

.24

%

,

11/05/26

18,357

18,597

APP-10453183.FP.FTS.B

,

17

.49

%

,

11/07/26

16,917

17,223

APP-10623552.FP.FTS.B

,

18

.99

%

,

11/09/26

10,865

11,219

APP-10770659.FP.FTS.B

,

21

.49

%

,

11/10/26

9,496

9,914

APP-10781246.FP.FTS.B

,

14

.24

%

,

11/15/26

6,421

6,531

APP-10779675.FP.FTS.B

,

21

.49

%

,

11/21/26

8,299

1,903

APP-10756900.FP.FTS.B

,

16

.99

%

,

11/22/26

8,417

8,731

APP-10760354.FP.FTS.B

,

11

.99

%

,

11/23/26

7,772

7,892

APP-10780937.FP.FTS.B

,

16

.49

%

,

11/24/26

3,303

3,364

APP-10991025.FP.FTS.B

,

19

.49

%

,

12/05/26

5,964

6,162

APP-12795850.FP.FTS.B

,

23

.74

%

,

12/10/26

2,678

2,706

APP-11035966.FP.FTS.B

,

21

.99

%

,

12/13/26

3,828

3,977

APP-10916888.FP.FTS.B

,

11

.99

%

,

12/14/26

6,478

6,576

APP-11025771.FP.FTS.B

,

11

.99

%

,

12/14/26

10,390

10,546

APP-11743320.FP.FTS.B

,

13

.24

%

,

12/17/26

8,913

9,058

APP-11737338.FP.FTS.B

,

13

.24

%

,

12/22/26

14,668

14,943

APP-11755185.FP.FTS.B

,

10

.99

%

,

12/23/26

12,406

12,596

APP-11751486.FP.FTS.B

,

11

.24

%

,

12/23/26

7,622

7,736

APP-11815677.FP.FTS.B

,

13

.74

%

,

12/30/26

11,146

11,338

APP-11820229.FP.FTS.B

,

17

.49

%

,

12/30/26

5,707

5,817

APP-11753872.FP.FTS.B

,

13

.24

%

,

1/25/27

9,840

10,017

APP-12234684.FP.FTS.B

,

16

.74

%

,

1/26/27

23,209

23,721

APP-12242133.FP.FTS.B

,

22

.99

%

,

1/27/27

7,614

8,045

APP-10997848.FP.FTS.B

,

20

.49

%

,

1/30/27

3,898

3,965

APP-11750215.FP.FTS.B

,

18

.24

%

,

2/05/27

16,929

17,500

APP-11693943.FP.FTS.B

,

10

.99

%

,

2/06/27

16,128

16,371

APP-11806403.FP.FTS.B

,

19

.99

%

,

2/11/27

10,508

10,987

APP-11816991.FP.FTS.B

,

16

.24

%

,

2/12/27

14,147

14,448

APP-11813343.FP.FTS.B

,

11

.74

%

,

2/13/27

22,099

22,457

APP-11804818.FP.FTS.B

,

14

.99

%

,

2/13/27

9,275

9,581

APP-11790590.FP.FTS.B

,

17

.74

%

,

2/13/27

14,334

14,903

APP-12801776.FP.FTS.B

,

18

.49

%

,

2/15/27

12,321

12,740

APP-12796607.FP.FTS.B

,

17

.74

%

,

2/16/27

16,687

17,477

APP-12779435.FP.FTS.B

,

10

.49

%

,

2/18/27

13,797

13,996

APP-11799619.FP.FTS.B

,

17

.99

%

,

2/21/27

11,088

11,641

APP-12677509.FP.FTS.B

,

8

.49

%

,

2/22/27

.

13,635

13,847

APP-11609592.FP.FTS.B

,

14

.74

%

,

2/24/27

18,307

18,628

APP-12792566.FP.FTS.B

,

16

.49

%

,

2/25/27

7,328

7,481

APP-12793802.FP.FTS.B

,

16

.74

%

,

2/25/27

19,924

20,310

APP-12769457.FP.FTS.B

,

17

.99

%

,

2/25/27

1,713

1,724

APP-12883181.FP.FTS.B

,

8

.99

%

,

2/28/27

.

15,526

15,788

APP-11704828.FP.FTS.B

,

17

.49

%

,

2/28/27

5,311

5,504

APP-12800786.FP.FTS.B

,

11

.24

%

,

3/01/27

9,698

9,867

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

95

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Freedom

Financial

Asset

Management

LLC

(continued)

APP-13018059.FP.FTS.B

,

12

.99

%

,

3/01/27

$

5,155

$

5,235

APP-12814994.FP.FTS.B

,

13

.74

%

,

3/01/27

4,826

4,894

APP-12846368.FP.FTS.B

,

19

.99

%

,

3/01/27

10,591

11,011

APP-12932776.FP.FTS.B

,

16

.49

%

,

3/02/27

6,037

6,128

APP-12243437.FP.FTS.B

,

11

.24

%

,

3/04/27

14,509

14,748

APP-12234254.FP.FTS.B

,

11

.24

%

,

3/10/27

7,080

7,195

APP-12232207.FP.FTS.B

,

18

.99

%

,

3/11/27

8,858

9,184

APP-12249171.FP.FTS.B

,

13

.49

%

,

3/12/27

1,968

1,973

APP-12116704.FP.FTS.B

,

11

.74

%

,

3/15/27

20,819

21,163

APP-13060467.FP.FTS.B

,

11

.74

%

,

3/15/27

23,536

23,905

APP-13155858.FP.FTS.B

,

10

.99

%

,

3/16/27

10,210

10,368

APP-13061057.FP.FTS.B

,

13

.49

%

,

3/16/27

8,135

8,277

APP-13253640.FP.FTS.B

,

11

.24

%

,

3/20/27

7,420

7,534

APP-13323349.FP.FTS.B

,

16

.49

%

,

3/25/27

7,187

7,342

APP-13430153.FP.FTS.B

,

20

.49

%

,

3/25/27

9,997

10,513

APP-13207096.FP.FTS.B

,

19

.49

%

,

3/26/27

9,251

9,769

APP-12782877.FP.FTS.B

,

8

.49

%

,

3/28/27

.

12,894

13,106

APP-12799003.FP.FTS.B

,

10

.99

%

,

3/28/27

8,969

9,117

APP-12781429.FP.FTS.B

,

17

.74

%

,

3/28/27

17,519

18,327

APP-12758093.FP.FTS.B

,

8

.99

%

,

3/29/27

.

8,745

8,892

APP-12767372.FP.FTS.B

,

10

.99

%

,

3/29/27

9,184

9,338

APP-12784176.FP.FTS.B

,

11

.24

%

,

3/29/27

16,479

16,793

APP-12795625.FP.FTS.B

,

13

.49

%

,

3/29/27

9,184

9,358

APP-12674361.FP.FTS.B

,

15

.24

%

,

3/29/27

18,062

18,747

APP-12802958.FP.FTS.B

,

16

.49

%

,

3/29/27

13,236

2,746

APP-13402497.FP.FTS.B

,

16

.49

%

,

3/29/27

11,031

2,285

APP-12281515.FP.FTS.B

,

17

.49

%

,

3/29/27

7,461

7,742

APP-12802206.FP.FTS.B

,

17

.74

%

,

3/29/27

24,064

24,948

APP-12801049.FP.FTS.B

,

18

.99

%

,

3/29/27

5,949

3,484

APP-13251661.FP.FTS.B

,

20

.24

%

,

3/29/27

14,609

15,205

APP-12795571.FP.FTS.B

,

22

.49

%

,

3/29/27

18,615

19,658

APP-13009028.FP.FTS.B

,

10

.99

%

,

3/30/27

11,266

11,454

APP-12577391.FP.FTS.B

,

11

.74

%

,

3/30/27

23,568

23,957

APP-13421220.FP.FTS.B

,

14

.49

%

,

3/30/27

10,690

10,939

APP-13416410.FP.FTS.B

,

18

.49

%

,

3/30/27

6,352

6,615

APP-13405408.FP.FTS.B

,

23

.24

%

,

3/30/27

11,376

12,035

APP-12231685.FP.FTS.B

,

19

.74

%

,

3/31/27

21,844

22,725

APP-13630932.FP.FTS.B

,

11

.84

%

,

4/01/27

7,645

7,760

APP-12840175.FP.FTS.B

,

15

.49

%

,

4/01/27

5,518

5,662

APP-12761107.FP.FTS.B

,

16

.49

%

,

4/01/27

11,055

11,358

APP-12674748.FP.FTS.B

,

13

.99

%

,

4/02/27

24,319

24,699

APP-12787387.FP.FTS.B

,

16

.49

%

,

4/02/27

6,949

7,064

APP-12867499.FP.FTS.B

,

13

.74

%

,

4/03/27

4,837

4,906

APP-12890485.FP.FTS.B

,

18

.99

%

,

4/03/27

7,580

7,819

APP-12811031.FP.FTS.B

,

20

.99

%

,

4/05/27

4,007

4,035

APP-12802041.FP.FTS.B

,

13

.99

%

,

4/06/27

24,361

24,769

APP-13673131.FP.FTS.B

,

11

.34

%

,

4/07/27

9,823

9,967

APP-11924087.FP.FTS.B

,

13

.49

%

,

4/07/27

8,597

8,744

APP-12804826.FP.FTS.B

,

19

.99

%

,

4/08/27

3,971

4,106

APP-12736035.FP.FTS.B

,

8

.99

%

,

4/10/27

.

12,025

12,213

APP-12758120.FP.FTS.B

,

10

.99

%

,

4/10/27

12,287

12,471

APP-12413477.FP.FTS.B

,

15

.49

%

,

4/10/27

6,013

6,204

APP-12637418.FP.FTS.B

,

16

.49

%

,

4/10/27

12,609

12,922

APP-12796424.FP.FTS.B

,

17

.99

%

,

4/10/27

7,772

8,109

APP-12723310.FP.FTS.B

,

22

.99

%

,

4/10/27

8,831

9,256

APP-13662283.FP.FTS.B

,

11

.59

%

,

4/11/27

8,175

8,288

APP-12735907.FP.FTS.B

,

11

.74

%

,

4/11/27

23,826

24,210

Description

Principal

Amount

Value

Freedom

Financial

Asset

Management

LLC

(continued)

APP-12119588.FP.FTS.B

,

13

.74

%

,

4/11/27

$

5,745

$

5,840

APP-11872577.FP.FTS.B

,

13

.99

%

,

4/12/27

13,868

14,015

APP-12794611.FP.FTS.B

,

16

.49

%

,

4/12/27

13,660

13,976

APP-12119732.FP.FTS.B

,

22

.49

%

,

4/13/27

5,842

6,145

APP-12819793.FP.FTS.B

,

11

.24

%

,

4/14/27

6,693

6,818

APP-12933712.FP.FTS.B

,

16

.99

%

,

4/14/27

8,893

9,216

APP-12601811.FP.FTS.B

,

10

.49

%

,

4/15/27

2,170

2,173

APP-12847750.FP.FTS.B

,

10

.49

%

,

4/15/27

13,882

14,117

APP-12886061.FP.FTS.B

,

10

.99

%

,

4/15/27

11,798

11,997

APP-11730595.FP.FTS.B

,

11

.99

%

,

4/15/27

14,250

2,679

APP-12890839.FP.FTS.B

,

12

.99

%

,

4/15/27

1,990

2,000

APP-12889697.FP.FTS.B

,

14

.49

%

,

4/15/27

11,497

11,752

APP-12872440.FP.FTS.B

,

16

.49

%

,

4/15/27

6,111

6,341

APP-13008146.FP.FTS.B

,

19

.99

%

,

4/15/27

7,580

7,885

APP-12780020.FP.FTS.B

,

8

.99

%

,

4/16/27

.

11,553

11,687

APP-12801088.FP.FTS.B

,

10

.99

%

,

4/16/27

12,564

12,779

APP-12831439.FP.FTS.B

,

10

.99

%

,

4/16/27

16,534

16,817

APP-12845270.FP.FTS.B

,

17

.74

%

,

4/16/27

19,999

20,963

APP-12863914.FP.FTS.B

,

19

.49

%

,

4/16/27

10,700

1,105

APP-12848627.FP.FTS.B

,

21

.99

%

,

4/16/27

5,773

6,024

APP-13157103.FP.FTS.B

,

9

.24

%

,

4/17/27

.

6,800

6,899

APP-12883157.FP.FTS.B

,

13

.74

%

,

4/17/27

5,408

5,505

APP-12800972.FP.FTS.B

,

17

.49

%

,

4/17/27

12,055

12,527

APP-13156398.FP.FTS.B

,

17

.74

%

,

4/17/27

13,454

13,643

APP-12800643.FP.FTS.B

,

19

.74

%

,

4/17/27

21,610

22,550

APP-13158258.FP.FTS.B

,

19

.99

%

,

4/17/27

7,101

2,396

APP-12931503.FP.FTS.B

,

13

.24

%

,

4/18/27

12,124

12,355

APP-13141094.FP.FTS.B

,

10

.99

%

,

4/20/27

18,728

19,035

APP-13083128.FP.FTS.B

,

11

.24

%

,

4/20/27

10,342

10,534

APP-13009743.FP.FTS.B

,

10

.99

%

,

4/22/27

9,910

10,085

APP-12674727.FP.FTS.B

,

13

.24

%

,

4/22/27

16,122

16,448

APP-12997870.FP.FTS.B

,

19

.99

%

,

4/23/27

13,005

13,604

APP-12977040.FP.FTS.B

,

20

.49

%

,

4/23/27

9,380

9,866

APP-13166600.FP.FTS.B

,

21

.49

%

,

4/23/27

7,763

8,179

APP-12944703.FP.FTS.B

,

22

.49

%

,

4/23/27

2,156

2,186

APP-12911189.FP.FTS.B

,

20

.49

%

,

4/24/27

262

262

APP-11888471.FP.FTS.B

,

16

.49

%

,

4/25/27

11,750

12,028

APP-13057143.FP.FTS.B

,

10

.99

%

,

4/26/27

16,753

17,052

APP-13061655.FP.FTS.B

,

13

.24

%

,

4/26/27

17,048

17,394

APP-12933713.FP.FTS.B

,

17

.99

%

,

4/26/27

11,680

12,083

APP-13106287.FP.FTS.B

,

11

.74

%

,

4/28/27

21,809

22,220

APP-13060974.FP.FTS.B

,

19

.74

%

,

4/28/27

17,752

18,597

APP-12798277.FP.FTS.B

,

13

.24

%

,

4/29/27

4,391

4,424

APP-12974063.FP.FTS.B

,

19

.99

%

,

4/30/27

14,367

15,162

APP-13134349.FP.FTS.B

,

21

.24

%

,

4/30/27

12,331

13,054

APP-13423557.FP.FTS.B

,

10

.99

%

,

5/01/27

13,802

14,001

APP-13424293.FP.FTS.B

,

10

.99

%

,

5/01/27

10,300

10,449

APP-13431042.FP.FTS.B

,

10

.99

%

,

5/01/27

9,705

9,845

APP-13131348.FP.FTS.B

,

13

.74

%

,

5/01/27

13,326

13,581

APP-13431253.FP.FTS.B

,

16

.49

%

,

5/01/27

11,609

11,823

APP-13408703.FP.FTS.B

,

16

.99

%

,

5/01/27

7,150

7,363

APP-13430747.FP.FTS.B

,

17

.49

%

,

5/01/27

8,285

8,521

APP-13430284.FP.FTS.B

,

19

.99

%

,

5/01/27

6,489

6,741

APP-13430327.FP.FTS.B

,

19

.99

%

,

5/01/27

5,401

5,568

APP-13441350.FP.FTS.B

,

19

.99

%

,

5/01/27

5,396

5,564

APP-13410577.FP.FTS.B

,

22

.99

%

,

5/01/27

8,143

8,486

APP-14247820.FP.FTS.B

,

11

.34

%

,

5/02/27

12,503

12,679

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

96

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Freedom

Financial

Asset

Management

LLC

(continued)

APP-13342784.FP.FTS.B

,

21

.99

%

,

5/02/27

$

6,478

$

6,747

APP-13389512.FP.FTS.B

,

13

.24

%

,

5/05/27

10,418

10,600

APP-12270573.FP.FTS.B

,

10

.99

%

,

5/06/27

18,000

18,280

APP-13311434.FP.FTS.B

,

16

.49

%

,

5/08/27

6,431

6,535

APP-12932857.FP.FTS.B

,

18

.99

%

,

5/10/27

5,280

5,455

APP-12775739.FP.FTS.B

,

25

.49

%

,

5/10/27

5,692

5,958

APP-13323183.FP.FTS.B

,

18

.74

%

,

5/11/27

18,968

11,071

APP-12412862.FP.FTS.B

,

25

.49

%

,

5/11/27

6,500

6,792

APP-13658270.FP.FTS.B

,

9

.34

%

,

5/12/27

.

15,639

15,880

APP-13418718.FP.FTS.B

,

16

.24

%

,

5/12/27

13,672

13,931

APP-13416172.FP.FTS.B

,

8

.99

%

,

5/13/27

.

11,489

11,681

APP-13031523.FP.FTS.B

,

10

.99

%

,

5/13/27

19,574

19,909

APP-13438034.FP.FTS.B

,

17

.99

%

,

5/13/27

3,880

3,968

APP-13199989.FP.FTS.B

,

16

.74

%

,

5/14/27

24,879

25,817

APP-13436550.FP.FTS.B

,

16

.99

%

,

5/14/27

9,034

9,248

APP-13430567.FP.FTS.B

,

17

.49

%

,

5/14/27

8,867

9,165

APP-13336406.FP.FTS.B

,

18

.49

%

,

5/14/27

6,258

6,347

APP-13431427.FP.FTS.B

,

21

.99

%

,

5/14/27

4,807

5,009

APP-13318759.FP.FTS.B

,

22

.49

%

,

5/14/27

4,273

4,479

APP-13443719.FP.FTS.B

,

22

.49

%

,

5/14/27

5,238

5,503

APP-14548548.FP.FTS.B

,

22

.99

%

,

5/14/27

5,062

5,257

APP-13436993.FP.FTS.B

,

8

.99

%

,

5/15/27

.

12,334

12,545

APP-13396243.FP.FTS.B

,

11

.24

%

,

5/15/27

7,766

7,903

APP-13440554.FP.FTS.B

,

11

.24

%

,

5/15/27

7,004

7,133

APP-13435327.FP.FTS.B

,

13

.24

%

,

5/15/27

12,978

13,243

APP-13663645.FP.FTS.B

,

13

.59

%

,

5/15/27

14,411

14,666

APP-13644113.FP.FTS.B

,

14

.34

%

,

5/15/27

10,940

11,010

APP-13444523.FP.FTS.B

,

16

.99

%

,

5/15/27

14,221

14,736

APP-13672139.FP.FTS.B

,

17

.49

%

,

5/15/27

9,918

10,133

APP-12412882.FP.FTS.B

,

17

.74

%

,

5/15/27

16,912

17,622

APP-13666596.FP.FTS.B

,

20

.49

%

,

5/15/27

8,074

8,453

APP-14531705.FP.FTS.B

,

22

.99

%

,

5/15/27

5,411

5,623

APP-11924095.FP.FTS.B

,

19

.99

%

,

5/16/27

5,469

1,549

APP-13628585.FP.FTS.B

,

20

.49

%

,

5/16/27

11,019

11,546

APP-13680651.FP.FTS.B

,

20

.49

%

,

5/21/27

6,993

7,339

APP-14444232.FP.FTS.B

,

21

.49

%

,

5/21/27

6,488

6,665

APP-12910819.FP.FTS.B

,

17

.99

%

,

5/23/27

4,062

4,164

APP-13624563.FP.FTS.B

,

22

.99

%

,

5/23/27

6,944

7,290

APP-13629014.FP.FTS.B

,

14

.74

%

,

5/24/27

15,972

16,355

APP-13659238.FP.FTS.B

,

13

.59

%

,

5/25/27

18,253

18,636

APP-13637168.FP.FTS.B

,

15

.24

%

,

5/25/27

23,013

23,574

APP-13051907.FP.FTS.B

,

25

.49

%

,

5/26/27

5,965

6,306

APP-13598334.FP.FTS.B

,

11

.34

%

,

5/27/27

12,314

12,547

APP-13389764.FP.FTS.B

,

17

.74

%

,

5/29/27

19,388

2,145

APP-13637703.FP.FTS.B

,

14

.09

%

,

5/30/27

14,380

14,690

APP-13319688.FP.FTS.B

,

14

.49

%

,

5/30/27

14,366

14,732

APP-12770485.FP.FTS.B

,

20

.49

%

,

5/30/27

3,910

3,955

APP-13016825.FP.FTS.B

,

17

.99

%

,

6/10/27

14,676

15,311

APP-14263084.FP.FTS.B

,

20

.49

%

,

6/10/27

205

204

APP-12884053.FP.FTS.B

,

10

.99

%

,

6/15/27

12,712

12,936

APP-14365422.FP.FTS.B

,

11

.99

%

,

6/15/27

3,781

3,813

APP-14257683.FP.FTS.B

,

20

.49

%

,

6/15/27

14,783

15,472

APP-14388011.FP.FTS.B

,

20

.99

%

,

6/15/27

2,365

2,366

APP-14429358.FP.FTS.B

,

13

.74

%

,

6/17/27

905

906

APP-13537074.FP.FTS.B

,

9

.34

%

,

6/20/27

.

11,545

1,255

APP-14236905.FP.FTS.B

,

17

.49

%

,

6/21/27

14,463

15,067

APP-14216604.FP.FTS.B

,

17

.74

%

,

6/21/27

22,055

22,858

Description

Principal

Amount

Value

Freedom

Financial

Asset

Management

LLC

(continued)

APP-14196561.FP.FTS.B

,

13

.59

%

,

6/23/27

$

20,975

$

21,415

APP-12548143.FP.FTS.B

,

19

.99

%

,

6/23/27

16,642

17,377

APP-14178654.FP.FTS.B

,

9

.34

%

,

6/24/27

.

10,780

10,963

APP-14267906.FP.FTS.B

,

11

.59

%

,

6/24/27

8,076

8,228

APP-14510576.FP.FTS.B

,

22

.74

%

,

6/24/27

6,873

7,228

APP-14427403.FP.FTS.B

,

24

.74

%

,

6/24/27

9,446

9,959

APP-14369074.FP.FTS.B

,

12

.49

%

,

6/25/27

25,722

26,192

APP-09045394.FP.FTS.B

,

13

.74

%

,

6/25/27

6,226

6,347

APP-14578061.FP.FTS.B

,

11

.74

%

,

6/26/27

20,279

20,634

APP-14268521.FP.FTS.B

,

10

.09

%

,

6/27/27

24,971

25,431

APP-14385312.FP.FTS.B

,

17

.24

%

,

6/28/27

19,453

19,944

APP-14385385.FP.FTS.B

,

19

.24

%

,

6/28/27

17,690

18,442

APP-14377174.FP.FTS.B

,

12

.24

%

,

6/29/27

9,779

9,988

APP-12880291.FP.FTS.B

,

10

.99

%

,

6/30/27

14,128

14,403

APP-14423027.FP.FTS.B

,

13

.99

%

,

6/30/27

18,003

18,399

APP-13643702.FP.FTS.B

,

18

.99

%

,

6/30/27

12,644

13,148

APP-13649694.FP.FTS.B

,

19

.49

%

,

6/30/27

8,975

9,365

APP-11810505.FP.FTS.B

,

21

.24

%

,

6/30/27

15,749

16,614

APP-14541539.FP.FTS.B

,

12

.49

%

,

7/01/27

5,401

5,496

APP-14431213.FP.FTS.B

,

18

.49

%

,

7/01/27

10,659

10,981

APP-13420080.FP.FTS.B

,

21

.99

%

,

7/01/27

21,087

21,907

APP-14177847.FP.FTS.B

,

18

.74

%

,

7/08/27

26,027

26,878

APP-13394495.FP.FTS.B

,

11

.49

%

,

7/13/27

7,889

5,235

APP-13422792.FP.FTS.B

,

14

.49

%

,

7/15/27

6,275

823

APP-14515585.FP.FTS.B

,

20

.49

%

,

7/15/27

7,592

7,892

APP-14421841.FP.FTS.B

,

20

.99

%

,

7/15/27

6,938

7,193

APP-14253271.FP.FTS.B

,

16

.74

%

,

7/16/27

18,141

18,552

APP-13061423.FP.FTS.B

,

13

.24

%

,

7/17/27

12,454

12,689

APP-13484600.FP.FTS.B

,

20

.49

%

,

7/18/27

10,995

11,456

APP-13678923.FP.FTS.B

,

11

.34

%

,

7/20/27

16,371

10,548

APP-13028479.FP.FTS.B

,

21

.74

%

,

7/23/27

4,202

4,250

APP-14420972.FP.FTS.B

,

14

.24

%

,

7/26/27

9,308

9,513

APP-13403231.FP.FTS.B

,

16

.74

%

,

7/30/27

16,027

16,655

APP-14541253.FP.FTS.B

,

13

.99

%

,

7/31/27

23,088

23,532

APP-14545674.FP.FTS.B

,

26

.99

%

,

8/03/27

6,287

6,565

APP-14550089.FP.FTS.B

,

18

.49

%

,

8/06/27

11,490

8,009

APP-14531076.FP.FTS.B

,

23

.24

%

,

8/07/27

11,377

11,854

APP-14569337.FP.FTS.B

,

24

.74

%

,

8/07/27

9,411

9,836

APP-14542132.FP.FTS.B

,

20

.99

%

,

8/15/27

6,642

6,860

APP-13423039.FP.FTS.B

,

14

.24

%

,

9/14/27

24,304

13,157

APP-14568007.FP.FTS.B

,

20

.49

%

,

9/15/27

12,221

8,427

APP-13068321.FP.FTS.B

,

18

.24

%

,

9/25/27

27,667

28,858

APP-12804212.FP.FTS.B

,

22

.49

%

,

10/10/27

7,969

8,356

APP-13659468.FP.FTS.B

,

26

.49

%

,

10/12/27

7,189

7,448

APP-14406359.FP.FTS.B

,

21

.24

%

,

10/16/27

37,406

8,135

APP-13132268.FP.FTS.B

,

16

.74

%

,

11/01/27

21,080

21,725

APP-13657764.FP.FTS.B

,

16

.74

%

,

11/13/27

21,747

22,186

APP-12042791.FP.FTS.B

,

18

.74

%

,

12/30/27

34,517

20,203

APP-12794031.FP.FTS.B

,

18

.99

%

,

1/28/28

11,124

7,308

APP-12800747.FP.FTS.B

,

13

.99

%

,

4/15/35

199

200

APP-12767903.FP.FTS.B

,

25

.49

%

,

4/17/35

212

213

APP-13023000.FP.FTS.B

,

23

.74

%

,

4/25/35

341

340

3,631,576

LendingClub

Corp.

149326456.LC.FTS.B

,

13

.9

%

,

3/26/34

...

2,712

2,711

154211311.LC.FTS.B

,

20

%

,

11/26/34

....

3,598

–

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

97

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

LendingClub

Corp.

(continued)

162773046.LC.FTS.B

,

20

.55

%

,

12/15/34

..

$

2,759

$

–

163266659.LC.FTS.B

,

16

.12

%

,

3/31/35

...

546

547

163432488.LC.FTS.B

,

16

.95

%

,

4/15/35

...

1,544

1,541

4,799

LendingClub

Corp.

-

LCX

165922400.LC.FTS.B

,

15

.24

%

,

2/11/35

...

3,567

3,514

LendingClub

Corp.

-

LCX

PM

174304247.LC.FTS.B

,

20

.99

%

,

2/02/26

...

7,787

7,901

185018593.LC.FTS.B

,

18

.99

%

,

1/14/27

...

10,530

10,355

184468285.LC.FTS.B

,

16

.99

%

,

1/15/27

...

7,764

–

185237685.LC.FTS.B

,

18

.49

%

,

1/20/27

...

1,725

1,705

185250357.LC.FTS.B

,

19

.99

%

,

1/20/27

...

8,237

8,311

185150236.LC.FTS.B

,

14

.99

%

,

1/24/27

...

8,866

–

185117236.LC.FTS.B

,

20

.99

%

,

1/26/27

...

11,770

11,889

184791777.LC.FTS.B

,

13

.74

%

,

1/28/27

...

5,372

5,340

185597588.LC.FTS.B

,

16

.24

%

,

1/28/27

...

7,265

320

185547681.LC.FTS.B

,

19

.99

%

,

1/28/27

...

4,724

4,776

185488281.LC.FTS.B

,

28

.99

%

,

1/29/27

...

3,959

4,063

184982732.LC.FTS.B

,

16

.99

%

,

2/01/27

...

7,273

7,206

185544780.LC.FTS.B

,

18

.99

%

,

2/02/27

...

11,692

11,518

185662157.LC.FTS.B

,

16

.49

%

,

2/07/27

...

8,668

8,597

185682815.LC.FTS.B

,

23

.99

%

,

2/09/27

...

6,011

6,122

185846086.LC.FTS.B

,

21

.99

%

,

2/11/27

...

15,317

–

185835140.LC.FTS.B

,

21

.99

%

,

2/14/27

...

10,342

10,514

185699989.LC.FTS.B

,

23

.99

%

,

2/14/27

...

5,313

5,402

186058311.LC.FTS.B

,

15

.69

%

,

2/15/27

...

21,097

–

186203908.LC.FTS.B

,

21

.99

%

,

2/15/27

...

12,861

13,130

186007586.LC.FTS.B

,

23

.49

%

,

2/15/27

...

6,795

6,913

185942868.LC.FTS.B

,

15

.94

%

,

2/18/27

...

19,269

–

186027871.LC.FTS.B

,

18

.99

%

,

2/20/27

...

11,559

11,475

187037217.LC.FTS.B

,

18

.49

%

,

3/10/27

...

3,964

3,926

187071023.LC.FTS.B

,

17

.99

%

,

3/11/27

...

7,636

7,548

187032664.LC.FTS.B

,

20

.99

%

,

3/11/27

...

10,528

10,555

187178718.LC.FTS.B

,

19

.99

%

,

3/15/27

...

11,384

11,299

186624355.LC.FTS.B

,

21

.49

%

,

3/15/27

...

5,929

5,905

187028667.LC.FTS.B

,

20

.99

%

,

3/17/27

...

8,314

8,346

187080092.LC.FTS.B

,

20

.99

%

,

3/17/27

...

12,683

12,697

187192813.LC.FTS.B

,

20

.49

%

,

3/18/27

...

5,236

5,243

187318217.LC.FTS.B

,

20

.49

%

,

3/18/27

...

14,656

14,723

187235906.LC.FTS.B

,

13

.19

%

,

3/20/27

...

14,445

14,315

186654687.LC.FTS.B

,

23

.49

%

,

3/20/27

...

9,950

10,114

187350401.LC.FTS.B

,

15

.19

%

,

3/21/27

...

7,377

7,328

186875668.LC.FTS.B

,

17

.74

%

,

3/21/27

...

8,371

8,299

187402362.LC.FTS.B

,

21

.99

%

,

3/21/27

...

8,203

390

187430105.LC.FTS.B

,

25

.99

%

,

3/25/27

...

6,879

5,621

187248536.LC.FTS.B

,

13

.19

%

,

3/28/27

...

6,280

6,236

187611207.LC.FTS.B

,

18

.99

%

,

3/28/27

...

10,653

10,500

187609544.LC.FTS.B

,

19

.99

%

,

3/28/27

...

10,408

10,481

187644231.LC.FTS.B

,

19

.99

%

,

3/28/27

...

9,369

9,435

187621983.LC.FTS.B

,

20

.99

%

,

3/28/27

...

6,843

6,890

187670705.LC.FTS.B

,

17

.44

%

,

3/29/27

...

20,900

20,212

187264368.LC.FTS.B

,

20

.99

%

,

3/29/27

...

5,438

5,435

187353272.LC.FTS.B

,

21

.49

%

,

3/29/27

...

12,726

–

187764055.LC.FTS.B

,

24

.99

%

,

3/29/27

...

4,917

–

187100244.LC.FTS.B

,

Zero

Cpn

,

3/30/27

.

7,786

–

187772972.LC.FTS.B

,

18

.99

%

,

3/30/27

...

13,470

–

Description

Principal

Amount

Value

LendingClub

Corp.

-

LCX

PM

(continued)

187581793.LC.FTS.B

,

19

.99

%

,

3/30/27

...

$

8,002

$

8,021

187751574.LC.FTS.B

,

20

.44

%

,

3/30/27

...

17,495

17,445

187614352.LC.FTS.B

,

20

.99

%

,

3/30/27

...

13,580

13,576

187804301.LC.FTS.B

,

19

.67

%

,

3/31/27

...

18,707

18,762

187535555.LC.FTS.B

,

20

.99

%

,

3/31/27

...

24,364

–

187819893.LC.FTS.B

,

21

.49

%

,

3/31/27

...

21,803

21,860

187825531.LC.FTS.B

,

19

.99

%

,

4/01/27

...

5,055

1,838

187651859.LC.FTS.B

,

23

.99

%

,

4/01/27

...

6,416

606

187860298.LC.FTS.B

,

23

.99

%

,

4/01/27

...

3,369

3,408

187860052.LC.FTS.B

,

22

.99

%

,

4/03/27

...

5,551

5,617

187891277.LC.FTS.B

,

21

.49

%

,

4/04/27

...

12,280

–

187787243.LC.FTS.B

,

21

.99

%

,

4/04/27

...

8,797

8,904

187765035.LC.FTS.B

,

23

.99

%

,

4/04/27

...

13,478

13,637

187819878.LC.FTS.B

,

18

.99

%

,

4/05/27

...

10,709

10,450

187967430.LC.FTS.B

,

20

.99

%

,

4/05/27

...

12,133

1,376

187981773.LC.FTS.B

,

22

.99

%

,

4/05/27

...

8,885

8,846

188031790.LC.FTS.B

,

20

.49

%

,

4/06/27

...

10,820

10,811

188023733.LC.FTS.B

,

20

.99

%

,

4/06/27

...

4,354

4,336

188040936.LC.FTS.B

,

20

.99

%

,

4/06/27

...

8,160

8,128

187683423.LC.FTS.B

,

20

.99

%

,

4/09/27

...

13,730

–

187944849.LC.FTS.B

,

20

.44

%

,

4/14/27

...

5,486

5,437

187829994.LC.FTS.B

,

22

.99

%

,

4/15/27

...

17,423

17,646

187298854.LC.FTS.B

,

23

.49

%

,

4/15/27

...

19,817

20,017

187906511.LC.FTS.B

,

22

.99

%

,

4/20/27

...

6,888

6,965

187995587.LC.FTS.B

,

6

%

,

5/15/27

......

9,703

9,768

185498696.LC.FTS.B

,

26

.49

%

,

5/26/27

...

15,149

15,474

185497213.LC.FTS.B

,

15

%

,

6/30/27

.....

6,817

5,523

187345456.LC.FTS.B

,

25

.99

%

,

7/18/27

...

15,496

15,744

187835579.LC.FTS.B

,

22

.49

%

,

7/30/27

...

3,088

3,123

187106181.LC.FTS.B

,

16

.99

%

,

8/18/27

...

6,655

632

187054481.LC.FTS.B

,

22

.49

%

,

8/20/27

...

15,291

15,403

187492389.LC.FTS.B

,

18

.99

%

,

8/25/27

...

3,803

358

186031699.LC.FTS.B

,

20

.44

%

,

9/09/27

...

8,044

7,969

185500402.LC.FTS.B

,

15

%

,

9/12/27

.....

18,000

13,581

187754766.LC.FTS.B

,

21

.99

%

,

9/30/27

...

15,817

15,927

187865227.LC.FTS.B

,

22

.49

%

,

10/01/27

..

18,105

1,718

187316257.LC.FTS.B

,

22

.49

%

,

10/21/27

..

12,908

12,946

185738415.LC.FTS.B

,

24

.99

%

,

10/28/27

..

10,295

966

187417305.LC.FTS.B

,

22

.99

%

,

11/20/27

..

6,557

–

185367638.LC.FTS.B

,

5

%

,

1/24/28

......

14,121

14,250

185689957.LC.FTS.B

,

5

%

,

2/01/28

......

6,471

6,574

187403735.LC.FTS.B

,

5

%

,

4/10/28

......

7,943

8,018

187202054.LC.FTS.B

,

5

%

,

5/21/28

......

13,532

13,590

172186460.LC.FTS.B

,

10

.19

%

,

3/20/34

...

1,287

–

185500985.LC.FTS.B

,

Zero

Cpn

,

2/01/35

.

10,378

–

185040393.LC.FTS.B

,

18

.44

%

,

2/07/35

...

813

808

186109333.LC.FTS.B

,

18

.99

%

,

2/11/35

...

1,556

–

185704535.LC.FTS.B

,

16

.49

%

,

2/15/35

...

11,148

–

187360350.LC.FTS.B

,

13

.99

%

,

3/21/35

...

4,642

–

187034706.LC.FTS.B

,

5

%

,

3/31/35

......

8,964

9,063

187639145.LC.FTS.B

,

20

.79

%

,

4/03/35

...

786

784

188006789.LC.FTS.B

,

17

.99

%

,

4/06/35

...

356

354

188000200.LC.FTS.B

,

22

.99

%

,

4/06/35

...

9,858

–

187345204.LC.FTS.B

,

15

.44

%

,

4/23/35

...

20

19

711,313

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

98

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Prosper

Funding

LLC

1752310.PS.FTS.B

,

16

.2

%

,

5/04/25

.....

$

661

$

660

1756672.PS.FTS.B

,

14

.6

%

,

5/08/25

.....

651

650

1760856.PS.FTS.B

,

22

.03

%

,

5/11/25

....

276

280

1741156.PS.FTS.B

,

16

.3

%

,

5/21/25

.....

554

558

1750204.PS.FTS.B

,

15

.29

%

,

7/12/25

....

2,601

944

1743195.PS.FTS.B

,

21

%

,

10/03/25

......

619

626

1707662.PS.FTS.B

,

13

.9

%

,

11/14/25

....

1,107

1,103

1714735.PS.FTS.B

,

13

.6

%

,

11/30/25

....

3,354

3,321

1743668.PS.FTS.B

,

23

.4

%

,

1/10/26

.....

1,145

786

1605548.PS.FTS.B

,

12

.3

%

,

8/16/26

.....

4,413

4,396

1615743.PS.FTS.B

,

12

.3

%

,

8/16/26

.....

5,045

5,020

1605551.PS.FTS.B

,

18

.3

%

,

8/16/26

.....

4,685

4,765

1606481.PS.FTS.B

,

15

%

,

8/17/26

.......

3,988

3,989

1618512.PS.FTS.B

,

18

.5

%

,

8/20/26

.....

3,434

3,437

1615561.PS.FTS.B

,

15

%

,

8/27/26

.......

1,201

1,206

1633734.PS.FTS.B

,

16

.63

%

,

9/20/26

....

1,273

1,271

1627891.PS.FTS.B

,

15

.1

%

,

9/21/26

.....

5,565

5,578

1627885.PS.FTS.B

,

15

.29

%

,

9/21/26

....

7,273

7,294

1628383.PS.FTS.B

,

12

.87

%

,

9/22/26

....

1,672

1,665

1630147.PS.FTS.B

,

14

.38

%

,

9/30/26

....

10,100

10,103

1655727.PS.FTS.B

,

10

.9

%

,

10/27/26

....

1,469

1,464

1655355.PS.FTS.B

,

12

%

,

10/27/26

......

14,063

13,995

1648957.PS.FTS.B

,

14

.29

%

,

10/27/26

...

4,151

4,154

1645616.PS.FTS.B

,

16

.63

%

,

10/27/26

...

4,116

4,124

1645247.PS.FTS.B

,

17

.1

%

,

10/27/26

....

5,390

5,488

1655334.PS.FTS.B

,

25

.67

%

,

10/27/26

...

2,993

3,095

1656210.PS.FTS.B

,

9

.45

%

,

10/28/26

....

15,503

1,025

1656189.PS.FTS.B

,

13

.7

%

,

10/28/26

....

4,940

4,997

1656201.PS.FTS.B

,

14

.68

%

,

10/28/26

...

1,461

1,470

1647056.PS.FTS.B

,

13

.7

%

,

10/29/26

....

2,263

2,291

1647023.PS.FTS.B

,

16

.33

%

,

10/29/26

...

10,685

10,835

1647155.PS.FTS.B

,

18

.48

%

,

10/29/26

...

10,735

11,153

1650974.PS.FTS.B

,

11

.1

%

,

11/05/26

.....

5,975

5,911

1660968.PS.FTS.B

,

11

.89

%

,

11/05/26

....

4,423

4,375

1648693.PS.FTS.B

,

12

.7

%

,

11/05/26

....

6,761

6,718

1650971.PS.FTS.B

,

12

.87

%

,

11/05/26

....

10,358

10,262

1651400.PS.FTS.B

,

13

.13

%

,

11/05/26

....

9,838

–

1651085.PS.FTS.B

,

25

.6

%

,

11/05/26

....

2,155

2,230

1658134.PS.FTS.B

,

13

.6

%

,

11/08/26

....

1,933

1,922

1651829.PS.FTS.B

,

16

.33

%

,

11/08/26

....

708

702

1653347.PS.FTS.B

,

10

.8

%

,

11/09/26

....

3,943

3,911

1666392.PS.FTS.B

,

11

.2

%

,

11/09/26

.....

2,380

2,360

1649497.PS.FTS.B

,

12

.8

%

,

11/10/26

....

12,583

633

1651808.PS.FTS.B

,

11

.2

%

,

11/11/26

.....

1,983

1,967

1651412.PS.FTS.B

,

13

.6

%

,

11/11/26

.....

10,335

10,254

1652735.PS.FTS.B

,

10

.8

%

,

11/16/26

....

2,900

2,872

1665174.PS.FTS.B

,

12

.5

%

,

11/22/26

....

17,938

4,200

1657068.PS.FTS.B

,

21

.9

%

,

11/22/26

....

7,508

6,706

1657104.PS.FTS.B

,

10

.4

%

,

11/23/26

....

9,889

9,833

1654297.PS.FTS.B

,

13

.3

%

,

11/28/26

....

6,510

358

1654979.PS.FTS.B

,

11

.1

%

,

12/05/26

....

3,007

729

1685577.PS.FTS.B

,

28

.23

%

,

12/14/26

...

7,704

8,008

1685967.PS.FTS.B

,

11

.5

%

,

12/15/26

....

5,831

5,782

1679512.PS.FTS.B

,

15

.7

%

,

12/15/26

....

8,822

8,787

1685961.PS.FTS.B

,

18

.48

%

,

12/15/26

...

6,860

6,984

1686345.PS.FTS.B

,

23

%

,

12/15/26

......

4,938

5,134

1673528.PS.FTS.B

,

19

%

,

12/16/26

......

11,510

11,698

1674203.PS.FTS.B

,

10

.8

%

,

12/17/26

....

368

366

Description

Principal

Amount

Value

Prosper

Funding

LLC

(continued)

1680745.PS.FTS.B

,

13

.3

%

,

12/17/26

....

$

4,975

$

4,957

1687770.PS.FTS.B

,

14

.29

%

,

12/17/26

...

6,493

6,457

1687689.PS.FTS.B

,

16

%

,

12/17/26

......

7,086

7,223

1674248.PS.FTS.B

,

16

.5

%

,

12/17/26

....

8,994

8,942

1654303.PS.FTS.B

,

21

.18

%

,

12/18/26

...

5,053

5,109

1688382.PS.FTS.B

,

10

.29

%

,

12/20/26

...

6,159

6,104

1685184.PS.FTS.B

,

12

.4

%

,

12/25/26

....

6,384

6,318

1685808.PS.FTS.B

,

18

.33

%

,

12/29/26

...

6,570

6,686

1676078.PS.FTS.B

,

10

.7

%

,

12/31/26

....

6,070

762

1691244.PS.FTS.B

,

14

.7

%

,

12/31/26

....

5,933

5,907

1681009.PS.FTS.B

,

13

.5

%

,

1/04/27

.....

3,913

2,153

1679959.PS.FTS.B

,

12

.32

%

,

1/09/27

....

2,761

1,469

1687871.PS.FTS.B

,

12

.7

%

,

1/12/27

.....

11,912

11,785

1693777.PS.FTS.B

,

13

.41

%

,

1/12/27

....

1,586

1,571

1688213.PS.FTS.B

,

15

.03

%

,

1/12/27

....

3,639

3,616

1688252.PS.FTS.B

,

16

.33

%

,

1/12/27

....

1,480

1,470

1701030.PS.FTS.B

,

18

.25

%

,

1/12/27

....

11,845

12,037

1687862.PS.FTS.B

,

21

.09

%

,

1/12/27

....

3,476

3,606

1694182.PS.FTS.B

,

21

.18

%

,

1/12/27

....

1,735

1,759

1688234.PS.FTS.B

,

25

.6

%

,

1/12/27

.....

2,065

2,144

1701831.PS.FTS.B

,

12

.3

%

,

1/13/27

.....

4,388

4,343

1701273.PS.FTS.B

,

14

.68

%

,

1/13/27

....

9,057

8,960

1688576.PS.FTS.B

,

18

.48

%

,

1/13/27

....

5,226

5,313

1689002.PS.FTS.B

,

19

.23

%

,

1/13/27

....

2,895

2,937

1689590.PS.FTS.B

,

11

.4

%

,

1/14/27

.....

2,601

2,575

1695235.PS.FTS.B

,

12

.24

%

,

1/14/27

....

5,262

5,234

1695712.PS.FTS.B

,

27

.4

%

,

1/14/27

.....

1,316

1,368

1701330.PS.FTS.B

,

16

.1

%

,

1/15/27

.....

4,622

4,692

1703238.PS.FTS.B

,

22

.9

%

,

1/18/27

.....

1,755

1,829

1698271.PS.FTS.B

,

11

.5

%

,

1/19/27

.....

5,209

5,162

1692950.PS.FTS.B

,

9

.81

%

,

1/20/27

.....

7,210

7,149

1692617.PS.FTS.B

,

12

.2

%

,

1/20/27

.....

5,259

5,212

1701660.PS.FTS.B

,

11

.2

%

,

1/27/27

.....

4,554

4,500

1702224.PS.FTS.B

,

14

.68

%

,

1/31/27

....

7,865

4,381

1700619.PS.FTS.B

,

10

.53

%

,

2/05/27

....

10,797

10,666

1714342.PS.FTS.B

,

13

.4

%

,

2/14/27

.....

2,777

2,745

1707812.PS.FTS.B

,

11

.2

%

,

2/15/27

.....

2,024

2,002

1714540.PS.FTS.B

,

11

.2

%

,

2/15/27

.....

8,095

8,006

1708667.PS.FTS.B

,

12

.3

%

,

2/15/27

.....

15,968

15,792

1708139.PS.FTS.B

,

15

.2

%

,

2/15/27

.....

11,677

11,599

1708757.PS.FTS.B

,

15

.29

%

,

2/15/27

....

4,926

4,876

1709063.PS.FTS.B

,

16

.7

%

,

2/15/27

.....

5,466

5,418

1714495.PS.FTS.B

,

19

%

,

2/15/27

.......

12,393

12,614

1708634.PS.FTS.B

,

15

%

,

2/21/27

.......

8,312

–

1714327.PS.FTS.B

,

17

.37

%

,

2/23/27

....

12,298

12,664

1722529.PS.FTS.B

,

19

%

,

3/12/27

.......

13,155

13,460

1733471.PS.FTS.B

,

10

.44

%

,

3/22/27

....

10,309

10,178

1732976.PS.FTS.B

,

10

.53

%

,

3/22/27

....

6,810

6,734

1740175.PS.FTS.B

,

10

.7

%

,

3/22/27

.....

2,788

2,757

1740124.PS.FTS.B

,

11

.61

%

,

3/22/27

....

8,492

8,383

1733513.PS.FTS.B

,

11

.7

%

,

3/22/27

.....

5,078

5,020

1732970.PS.FTS.B

,

11

.79

%

,

3/22/27

....

4,896

4,060

1732922.PS.FTS.B

,

12

.9

%

,

3/22/27

.....

15,795

15,590

1733459.PS.FTS.B

,

13

.7

%

,

3/22/27

.....

14,283

6,699

1742682.PS.FTS.B

,

16

.33

%

,

3/22/27

....

6,236

6,185

1742649.PS.FTS.B

,

16

.8

%

,

3/22/27

.....

10,048

9,965

1740148.PS.FTS.B

,

18

.33

%

,

3/22/27

....

7,675

7,815

1739653.PS.FTS.B

,

18

.48

%

,

3/22/27

....

10,251

10,437

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

99

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Prosper

Funding

LLC

(continued)

1709645.PS.FTS.B

,

9

.27

%

,

3/23/27

.....

$

16,172

$

15,952

1734128.PS.FTS.B

,

10

.08

%

,

3/23/27

....

4,801

4,742

1743894.PS.FTS.B

,

10

.29

%

,

3/23/27

....

18,507

18,276

1744077.PS.FTS.B

,

10

.8

%

,

3/23/27

.....

6,372

319

1744092.PS.FTS.B

,

10

.8

%

,

3/23/27

.....

3,959

3,910

1734281.PS.FTS.B

,

11

.4

%

,

3/23/27

.....

4,929

4,867

1740508.PS.FTS.B

,

11

.6

%

,

3/23/27

.....

3,582

3,541

1740955.PS.FTS.B

,

11

.79

%

,

3/23/27

....

11,796

11,647

1733702.PS.FTS.B

,

11

.89

%

,

3/23/27

....

2,267

2,242

1733807.PS.FTS.B

,

12

.32

%

,

3/23/27

....

5,701

5,628

1740880.PS.FTS.B

,

13

.5

%

,

3/23/27

.....

5,465

5,428

1734077.PS.FTS.B

,

14

%

,

3/23/27

.......

3,786

3,757

1733816.PS.FTS.B

,

15

.1

%

,

3/23/27

.....

9,781

9,726

1734278.PS.FTS.B

,

15

.2

%

,

3/23/27

.....

4,926

4,889

1740958.PS.FTS.B

,

15

.8

%

,

3/23/27

.....

12,407

12,311

1743348.PS.FTS.B

,

16

.43

%

,

3/23/27

....

11,403

11,620

1740997.PS.FTS.B

,

16

.8

%

,

3/23/27

.....

10,048

9,968

1744065.PS.FTS.B

,

16

.8

%

,

3/23/27

.....

12,243

10,148

1743540.PS.FTS.B

,

17

.29

%

,

3/23/27

....

8,551

8,730

1743573.PS.FTS.B

,

18

.78

%

,

3/23/27

....

4,886

4,977

1741006.PS.FTS.B

,

19

%

,

3/23/27

.......

3,610

3,677

1741000.PS.FTS.B

,

25

.67

%

,

3/23/27

....

8,174

8,535

1740316.PS.FTS.B

,

28

.23

%

,

3/23/27

....

5,707

5,944

1741357.PS.FTS.B

,

10

.5

%

,

3/24/27

.....

3,248

3,208

1734563.PS.FTS.B

,

11

.2

%

,

3/24/27

.....

7,257

7,168

1744257.PS.FTS.B

,

14

%

,

3/24/27

.......

2,046

2,033

1744812.PS.FTS.B

,

14

.7

%

,

3/24/27

.....

7,862

7,796

1744656.PS.FTS.B

,

15

%

,

3/24/27

.......

6,143

6,098

1741336.PS.FTS.B

,

25

.9

%

,

3/24/27

.....

4,102

4,282

1733495.PS.FTS.B

,

21

.69

%

,

3/26/27

....

8,278

8,628

1735826.PS.FTS.B

,

13

.19

%

,

3/27/27

....

11,598

11,391

1743544.PS.FTS.B

,

16

.4

%

,

3/28/27

.....

18,129

18,249

1736876.PS.FTS.B

,

19

.3

%

,

3/29/27

.....

5,354

5,548

1747200.PS.FTS.B

,

27

.4

%

,

3/29/27

.....

7,006

7,467

1742146.PS.FTS.B

,

10

.7

%

,

3/31/27

.....

4,350

4,291

1740187.PS.FTS.B

,

15

.1

%

,

4/01/27

.....

2,567

2,543

1749478.PS.FTS.B

,

11

.5

%

,

4/05/27

.....

3,299

3,246

1749460.PS.FTS.B

,

11

.7

%

,

4/05/27

.....

3,419

3,358

1752540.PS.FTS.B

,

11

.7

%

,

4/05/27

.....

9,767

9,593

1740496.PS.FTS.B

,

14

.19

%

,

4/05/27

....

4,755

4,712

1742810.PS.FTS.B

,

16

.7

%

,

4/05/27

.....

2,075

2,044

1741168.PS.FTS.B

,

18

.93

%

,

4/05/27

....

15,742

471

1743101.PS.FTS.B

,

10

.5

%

,

4/06/27

.....

1,924

1,890

1743137.PS.FTS.B

,

10

.5

%

,

4/06/27

.....

9,620

9,452

1753416.PS.FTS.B

,

13

.6

%

,

4/06/27

.....

4,752

4,676

1743125.PS.FTS.B

,

14

.7

%

,

4/06/27

.....

10,134

9,986

1752906.PS.FTS.B

,

16

.33

%

,

4/06/27

....

7,232

7,125

1750213.PS.FTS.B

,

25

.6

%

,

4/06/27

.....

1,229

1,268

1750876.PS.FTS.B

,

10

.29

%

,

4/07/27

....

16,790

16,501

1744037.PS.FTS.B

,

10

.5

%

,

4/07/27

.....

7,215

7,091

1744580.PS.FTS.B

,

11

.2

%

,

4/07/27

.....

4,368

4,292

1753818.PS.FTS.B

,

11

.7

%

,

4/07/27

.....

7,325

7,198

1750606.PS.FTS.B

,

12

%

,

4/07/27

.......

4,433

4,372

1744541.PS.FTS.B

,

12

.2

%

,

4/07/27

.....

17,200

16,900

1753842.PS.FTS.B

,

12

.2

%

,

4/07/27

.....

4,914

4,828

1754328.PS.FTS.B

,

13

.1

%

,

4/07/27

.....

4,764

4,687

1744715.PS.FTS.B

,

13

.3

%

,

4/07/27

.....

15,691

15,471

Description

Principal

Amount

Value

Prosper

Funding

LLC

(continued)

1744553.PS.FTS.B

,

14

.53

%

,

4/07/27

....

$

5,017

$

4,936

1753656.PS.FTS.B

,

14

.6

%

,

4/07/27

.....

12,670

12,490

1744559.PS.FTS.B

,

14

.89

%

,

4/07/27

....

2,482

2,445

1751047.PS.FTS.B

,

19

.3

%

,

4/07/27

.....

13,205

13,359

1750600.PS.FTS.B

,

23

%

,

4/07/27

.......

7,746

7,980

1755057.PS.FTS.B

,

11

.2

%

,

4/08/27

.....

24,867

5,226

1755147.PS.FTS.B

,

12

.6

%

,

4/08/27

.....

8,716

–

1755237.PS.FTS.B

,

16

.02

%

,

4/08/27

....

5,919

5,984

1744907.PS.FTS.B

,

17

.59

%

,

4/08/27

....

1,325

1,340

1744880.PS.FTS.B

,

19

%

,

4/08/27

.......

7,990

8,074

1755984.PS.FTS.B

,

11

.2

%

,

4/11/27

......

3,397

3,341

1755927.PS.FTS.B

,

11

.89

%

,

4/11/27

.....

4,406

4,333

1752289.PS.FTS.B

,

16

.5

%

,

4/11/27

.....

10,352

10,216

1746119.PS.FTS.B

,

18

.13

%

,

4/11/27

.....

5,539

5,465

1747364.PS.FTS.B

,

11

.16

%

,

4/12/27

....

8,600

–

1752915.PS.FTS.B

,

12

.5

%

,

4/12/27

.....

12,384

12,166

1757922.PS.FTS.B

,

14

.67

%

,

4/13/27

....

5,065

5,003

1749839.PS.FTS.B

,

25

.6

%

,

4/14/27

.....

8,578

8,892

1733504.PS.FTS.B

,

11

.6

%

,

4/15/27

.....

6,434

6,343

1750612.PS.FTS.B

,

11

.79

%

,

4/15/27

....

6,864

6,745

1744277.PS.FTS.B

,

14

.39

%

,

4/15/27

....

5,070

4,999

1751044.PS.FTS.B

,

14

.7

%

,

4/15/27

.....

12,723

12,543

1749974.PS.FTS.B

,

23

.31

%

,

4/15/27

....

3,771

3,920

1755429.PS.FTS.B

,

10

.5

%

,

4/16/27

.....

4,818

4,739

1734263.PS.FTS.B

,

16

.33

%

,

4/16/27

....

10,505

10,411

1734857.PS.FTS.B

,

10

.5

%

,

4/17/27

.....

1,460

1,440

1749754.PS.FTS.B

,

25

.9

%

,

4/17/27

.....

6,268

6,448

1742819.PS.FTS.B

,

11

.7

%

,

4/19/27

.....

6,181

6,072

1744568.PS.FTS.B

,

12

%

,

4/20/27

.......

5,923

5,820

1747212.PS.FTS.B

,

13

.48

%

,

4/22/27

....

12,744

12,580

1744227.PS.FTS.B

,

16

%

,

4/22/27

.......

10,096

8,719

1734284.PS.FTS.B

,

16

.9

%

,

4/22/27

.....

1,058

1,078

1752903.PS.FTS.B

,

21

.18

%

,

4/30/27

....

13,689

13,787

1743944.PS.FTS.B

,

24

.2

%

,

4/30/27

.....

2,423

2,503

1754278.PS.FTS.B

,

24

.42

%

,

4/30/27

....

4,139

4,172

1750621.PS.FTS.B

,

17

.37

%

,

5/01/27

....

5,505

5,561

1744730.PS.FTS.B

,

16

.02

%

,

5/06/27

....

4,895

4,946

1744034.PS.FTS.B

,

19

%

,

5/10/27

.......

6,204

6,341

1760306.PS.FTS.B

,

22

.5

%

,

5/20/27

.....

4,396

4,614

1744574.PS.FTS.B

,

19

%

,

7/21/27

.......

2,018

2,030

1739848.PS.FTS.B

,

21

.9

%

,

9/22/27

.....

4,969

5,184

1685217.PS.FTS.B

,

10

.5

%

,

11/02/27

....

17,272

951

1678714.PS.FTS.B

,

25

.2

%

,

11/14/27

....

11,457

11,855

1755876.PS.FTS.B

,

19

.3

%

,

3/31/28

.....

11,408

11,224

1717363.PS.FTS.B

,

17

.8

%

,

2/18/35

.....

3,394

12

1718395.PS.FTS.B

,

22

.6

%

,

2/25/35

.....

1,778

1,247

1743513.PS.FTS.B

,

11

.4

%

,

3/23/35

.....

720

369

1734275.PS.FTS.B

,

15

%

,

3/23/35

.......

3,563

–

1733942.PS.FTS.B

,

15

.86

%

,

3/23/35

....

25

22

1733657.PS.FTS.B

,

16

%

,

3/23/35

.......

23

21

1740373.PS.FTS.B

,

18

.09

%

,

3/23/35

....

1,070

331

1740439.PS.FTS.B

,

19

.8

%

,

3/23/35

.....

17

16

1740631.PS.FTS.B

,

22

.6

%

,

3/23/35

.....

140

131

1744029.PS.FTS.B

,

22

.6

%

,

3/23/35

.....

212

200

1645250.PS.FTS.B

,

13

.7

%

,

3/25/35

.....

202

202

1742521.PS.FTS.B

,

14

.39

%

,

3/25/35

....

503

500

1739659.PS.FTS.B

,

22

.03

%

,

3/25/35

....

200

203

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

100

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Prosper

Funding

LLC

(continued)

1742851.PS.FTS.B

,

19

.5

%

,

3/28/35

.....

$

145

$

147

1743232.PS.FTS.B

,

19

.5

%

,

3/28/35

.....

376

382

1740193.PS.FTS.B

,

12

.9

%

,

3/29/35

.....

347

351

1739665.PS.FTS.B

,

13

.5

%

,

3/31/35

.....

619

626

1733825.PS.FTS.B

,

15

.2

%

,

3/31/35

.....

364

366

1740157.PS.FTS.B

,

17

.8

%

,

3/31/35

.....

397

400

1733510.PS.FTS.B

,

13

%

,

4/03/35

.......

357

357

1749466.PS.FTS.B

,

24

.4

%

,

4/05/35

.....

216

215

1750243.PS.FTS.B

,

15

.86

%

,

4/06/35

....

352

352

1742473.PS.FTS.B

,

22

.6

%

,

4/06/35

.....

1,731

–

1750216.PS.FTS.B

,

24

.86

%

,

4/06/35

....

70

71

1744583.PS.FTS.B

,

12

.02

%

,

4/07/35

....

66

66

1734512.PS.FTS.B

,

12

.15

%

,

4/07/35

....

421

423

1754340.PS.FTS.B

,

13

.5

%

,

4/07/35

.....

340

341

1753815.PS.FTS.B

,

18

.9

%

,

4/07/35

.....

369

369

1751035.PS.FTS.B

,

19

.41

%

,

4/07/35

....

813

823

1754517.PS.FTS.B

,

13

.3

%

,

4/08/35

.....

634

634

1745267.PS.FTS.B

,

13

.6

%

,

4/08/35

.....

2,111

2,101

1752052.PS.FTS.B

,

16

.4

%

,

4/08/35

.....

886

888

1745684.PS.FTS.B

,

21

.8

%

,

4/11/35

.....

306

307

1755867.PS.FTS.B

,

24

.4

%

,

4/11/35

.....

179

180

1757481.PS.FTS.B

,

12

.1

%

,

4/12/35

.....

333

334

1754131.PS.FTS.B

,

18

.26

%

,

4/12/35

....

546

548

1738949.PS.FTS.B

,

24

.4

%

,

4/13/35

.....

365

370

1753974.PS.FTS.B

,

16

.5

%

,

4/15/35

.....

79

79

1734008.PS.FTS.B

,

13

.36

%

,

4/16/35

....

83

83

1762404.PS.FTS.B

,

16

.1

%

,

4/19/35

.....

353

355

1750502.PS.FTS.B

,

24

.3

%

,

4/20/35

.....

323

326

1752298.PS.FTS.B

,

15

.8

%

,

4/25/35

.....

6,691

1,572

1,293,132

Upgrade,

Inc.

-

Card

991991290.UG.FTS.B

,

29

.47

%

,

5/07/25

..

1

1

992182530.UG.FTS.B

,

19

.99

%

,

5/09/25

..

26

6

992135526.UG.FTS.B

,

28

.98

%

,

5/09/25

..

145

146

992143879.UG.FTS.B

,

29

.49

%

,

5/09/25

..

38

35

992096689.UG.FTS.B

,

28

.98

%

,

5/23/25

..

18

18

992003521.UG.FTS.B

,

17

.99

%

,

6/01/25

..

145

23

991951985.UG.FTS.B

,

28

.98

%

,

6/06/25

..

196

85

992263444.UG.FTS.B

,

15

.97

%

,

6/08/25

..

41

38

992020484.UG.FTS.B

,

29

.49

%

,

6/08/25

..

8

8

992034556.UG.FTS.B

,

28

.98

%

,

6/09/25

..

97

99

992287169.UG.FTS.B

,

19

.99

%

,

6/12/25

..

16

17

992081607.UG.FTS.B

,

29

.48

%

,

6/19/25

..

99

100

992085973.UG.FTS.B

,

19

.99

%

,

6/20/25

..

68

1

992075303.UG.FTS.B

,

28

.98

%

,

6/20/25

..

2

2

992148319.UG.FTS.B

,

28

.98

%

,

6/20/25

..

26

24

992185248.UG.FTS.B

,

28

.98

%

,

6/20/25

..

1

1

992387691.UG.FTS.B

,

28

.98

%

,

6/20/25

..

57

53

992270406.UG.FTS.B

,

29

.49

%

,

6/20/25

..

13

13

992101807.UG.FTS.B

,

29

.49

%

,

6/23/25

..

219

226

992210631.UG.FTS.B

,

18

.97

%

,

7/01/25

..

9

9

992254629.UG.FTS.B

,

17

.99

%

,

7/06/25

..

175

177

991963921.UG.FTS.B

,

28

.98

%

,

7/08/25

..

282

–

992189172.UG.FTS.B

,

28

.98

%

,

7/09/25

..

300

305

991984558.UG.FTS.B

,

29

.49

%

,

7/09/25

..

54

55

992355254.UG.FTS.B

,

28

.98

%

,

7/18/25

..

4

4

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992394519.UG.FTS.B

,

28

.98

%

,

7/18/25

..

$

22

$

12

992057082.UG.FTS.B

,

29

.46

%

,

7/18/25

..

197

199

992381682.UG.FTS.B

,

28

.98

%

,

7/20/25

..

471

32

992120728.UG.FTS.B

,

29

.46

%

,

7/20/25

..

10

10

992172097.UG.FTS.B

,

29

.46

%

,

7/20/25

..

19

19

992347993.UG.FTS.B

,

29

.49

%

,

7/21/25

..

99

101

991996150.UG.FTS.B

,

28

.98

%

,

8/09/25

..

108

99

992066033.UG.FTS.B

,

29

.49

%

,

8/09/25

..

28

2

992304599.UG.FTS.B

,

28

.98

%

,

8/14/25

..

141

144

992474651.UG.FTS.B

,

29

.46

%

,

8/20/25

..

55

56

992395091.UG.FTS.B

,

29

.49

%

,

8/20/25

..

93

4

992218353.UG.FTS.B

,

28

.98

%

,

9/20/25

..

232

236

992157584.UG.FTS.B

,

28

.98

%

,

10/08/25

.

494

501

992131355.UG.FTS.B

,

29

.49

%

,

10/08/25

.

87

36

992495731.UG.FTS.B

,

28

.98

%

,

10/20/25

.

143

146

992083215.UG.FTS.B

,

29

.49

%

,

10/20/25

.

67

69

992100757.UG.FTS.B

,

29

.48

%

,

11/09/25

.

53

24

992486021.UG.FTS.B

,

29

.49

%

,

11/18/25

.

296

301

992162625.UG.FTS.B

,

16

.99

%

,

11/19/25

.

37

31

992573827.UG.FTS.B

,

19

.99

%

,

11/19/25

.

596

613

992361782.UG.FTS.B

,

29

.48

%

,

11/19/25

.

111

115

992405476.UG.FTS.B

,

29

.45

%

,

11/20/25

.

112

116

992514855.UG.FTS.B

,

29

.49

%

,

11/20/25

.

64

66

992382150.UG.FTS.B

,

29

.49

%

,

12/20/25

.

4

4

992011909.UG.FTS.B

,

29

.49

%

,

1/09/26

..

135

139

992340621.UG.FTS.B

,

28

.98

%

,

1/17/26

..

120

18

992177492.UG.FTS.B

,

28

.98

%

,

1/20/26

..

364

25

991952166.UG.FTS.B

,

29

.49

%

,

2/06/26

..

336

24

992596176.UG.FTS.B

,

28

.98

%

,

2/20/26

..

274

19

992246618.UG.FTS.B

,

28

.98

%

,

3/11/26

..

63

66

992452704.UG.FTS.B

,

19

.99

%

,

3/19/26

..

131

18

992196449.UG.FTS.B

,

29

.49

%

,

4/18/26

..

104

89

992397329.UG.FTS.B

,

29

.49

%

,

4/20/26

..

42

43

992597371.UG.FTS.B

,

29

.49

%

,

4/20/26

..

151

13

992485527.UG.FTS.B

,

29

.49

%

,

5/20/26

..

131

106

992237498.UG.FTS.B

,

15

.97

%

,

5/30/26

..

4,763

596

992088318.UG.FTS

,

0

.17

%

,

6/01/26

.....

28

28

992038832.UG.FTS.B

,

28

.98

%

,

6/09/26

..

706

736

992217550.UG.FTS.B

,

28

.98

%

,

6/20/26

..

123

97

992385553.UG.FTS.B

,

29

.49

%

,

7/18/26

..

115

9

992425148.UG.FTS.B

,

28

.98

%

,

8/20/26

..

181

142

992159329.UG.FTS.B

,

21

.98

%

,

8/29/26

..

132

133

992238434.UG.FTS.B

,

28

.98

%

,

9/12/26

..

466

483

991992424.UG.FTS.B

,

28

.98

%

,

10/09/26

.

238

16

992430690.UG.FTS.B

,

29

.49

%

,

12/18/26

.

626

84

992220224.UG.FTS.B

,

19

.99

%

,

4/04/27

..

1,517

1,591

991994026.UG.FTS.B

,

29

.49

%

,

4/09/27

..

1,700

1,241

992277625.UG.FTS.B

,

15

.99

%

,

4/13/27

..

740

771

992296704.UG.FTS.B

,

16

.99

%

,

4/15/27

..

1,396

1,465

992239940.UG.FTS.B

,

15

.99

%

,

7/06/27

..

704

738

992193819.UG.FTS.B

,

22

.36

%

,

11/29/27

.

88

92

992002435.UG.FTS.B

,

28

.98

%

,

5/08/28

..

243

163

992156587.UG.FTS.B

,

29

.49

%

,

9/09/28

..

220

227

992058890.UG.FTS.B

,

29

.49

%

,

1/18/29

..

110

69

992355043.UG.FTS.B

,

28

.98

%

,

3/19/29

..

1,547

106

992099081.UG.FTS.B

,

19

.99

%

,

2/23/30

..

14

15

991979851.UG.FTS.B

,

28

.98

%

,

2/23/30

..

3

–

991847993.UG.FTS.B

,

29

.49

%

,

2/23/30

..

1

–

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

101

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992055313.UG.FTS.B

,

29

.49

%

,

2/23/30

..

$

41

$

3

991950991.UG.FTS.B

,

28

.98

%

,

2/24/30

..

22

22

992070983.UG.FTS.B

,

28

.98

%

,

2/24/30

..

13

13

992099082.UG.FTS.B

,

29

.49

%

,

2/25/30

..

7

7

992176129.UG.FTS.B

,

14

.97

%

,

3/03/30

..

4

4

992054524.UG.FTS.B

,

17

.99

%

,

3/05/30

..

100

9

991946853.UG.FTS.B

,

28

.98

%

,

3/06/30

..

11

4

992010855.UG.FTS.B

,

28

.98

%

,

3/06/30

..

17

17

992212611.UG.FTS.B

,

29

.49

%

,

3/06/30

..

95

7

991959464.UG.FTS.B

,

29

.47

%

,

3/07/30

..

40

10

991954960.UG.FTS.B

,

29

.49

%

,

3/07/30

..

56

–

991986855.UG.FTS.B

,

29

.49

%

,

3/07/30

..

23

–

991970346.UG.FTS.B

,

28

.98

%

,

3/08/30

..

27

11

992037045.UG.FTS.B

,

28

.98

%

,

3/08/30

..

19

8

992248314.UG.FTS.B

,

28

.98

%

,

3/08/30

..

20

20

991963425.UG.FTS.B

,

29

.46

%

,

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57

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..

54

54

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

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,

19

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%

,

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,

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61

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52

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,

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48

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,

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..

11

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16

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..

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..

14

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..

3

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..

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..

123

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103

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6

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,

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,

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56

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,

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,

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..

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27

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5

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3

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,

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,

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..

12

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..

22

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..

8

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..

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..

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35

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,

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..

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,

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,

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..

89

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,

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..

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,

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108

8

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

102

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992271681.UG.FTS.B

,

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,

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..

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,

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..

6

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,

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..

5

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..

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..

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,

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..

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,

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..

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,

21

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..

58

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..

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..

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,

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..

6

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,

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..

9

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,

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..

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,

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..

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,

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..

17

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992347652.UG.FTS.B

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%

,

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..

48

48

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992403384.UG.FTS.B

,

17

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%

,

4/16/30

..

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25

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..

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..

64

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4/17/30

..

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,

4/17/30

..

9

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,

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..

109

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,

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..

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,

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,

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..

26

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,

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%

,

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..

10

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,

18

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,

4/18/30

..

24

24

992354565.UG.FTS.B

,

19

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%

,

4/18/30

..

8

8

992370620.UG.FTS.B

,

19

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%

,

4/18/30

..

11

11

992407904.UG.FTS.B

,

19

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%

,

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..

3

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,

19

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,

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..

111

10

992474848.UG.FTS.B

,

19

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,

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..

1

1

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,

19

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,

4/18/30

..

4

4

992362201.UG.FTS.B

,

27

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%

,

4/18/30

..

14

14

992366991.UG.FTS.B

,

27

.99

%

,

4/18/30

..

11

11

992338470.UG.FTS.B

,

28

.98

%

,

4/18/30

..

26

2

992338652.UG.FTS.B

,

28

.98

%

,

4/18/30

..

2

2

992340205.UG.FTS.B

,

28

.98

%

,

4/18/30

..

6

6

992341712.UG.FTS.B

,

28

.98

%

,

4/18/30

..

6

6

992343369.UG.FTS.B

,

28

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%

,

4/18/30

..

7

7

992345562.UG.FTS.B

,

28

.98

%

,

4/18/30

..

32

4

992350941.UG.FTS.B

,

28

.98

%

,

4/18/30

..

23

23

992352243.UG.FTS.B

,

28

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%

,

4/18/30

..

5

5

992355518.UG.FTS.B

,

28

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%

,

4/18/30

..

38

38

992362635.UG.FTS.B

,

28

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%

,

4/18/30

..

12

12

992363075.UG.FTS.B

,

28

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%

,

4/18/30

..

5

5

992377665.UG.FTS.B

,

28

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%

,

4/18/30

..

4

4

992394901.UG.FTS.B

,

28

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,

4/18/30

..

171

30

992397649.UG.FTS.B

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28

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,

4/18/30

..

15

15

992404422.UG.FTS.B

,

28

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%

,

4/18/30

..

37

38

992405698.UG.FTS.B

,

28

.98

%

,

4/18/30

..

12

12

992422929.UG.FTS.B

,

28

.98

%

,

4/18/30

..

8

8

992423682.UG.FTS.B

,

28

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%

,

4/18/30

..

4

4

992428010.UG.FTS.B

,

28

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%

,

4/18/30

..

54

54

992455319.UG.FTS.B

,

28

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%

,

4/18/30

..

14

14

992473400.UG.FTS.B

,

28

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%

,

4/18/30

..

10

10

992573156.UG.FTS.B

,

28

.98

%

,

4/18/30

..

31

31

992581324.UG.FTS.B

,

28

.98

%

,

4/18/30

..

140

141

992370756.UG.FTS.B

,

29

.45

%

,

4/18/30

..

23

23

992344089.UG.FTS.B

,

29

.46

%

,

4/18/30

..

8

8

992634015.UG.FTS.B

,

29

.46

%

,

4/18/30

..

13

13

992356513.UG.FTS.B

,

29

.47

%

,

4/18/30

..

16

16

992358512.UG.FTS.B

,

29

.47

%

,

4/18/30

..

19

19

992338159.UG.FTS.B

,

29

.48

%

,

4/18/30

..

187

190

992342055.UG.FTS.B

,

29

.48

%

,

4/18/30

..

2

2

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

103

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992410239.UG.FTS.B

,

29

.48

%

,

4/18/30

..

$

13

$

13

992420021.UG.FTS.B

,

29

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,

4/18/30

..

38

6

992339584.UG.FTS.B

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29

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,

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..

6

6

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..

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10

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,

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..

3

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,

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..

7

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992355055.UG.FTS.B

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,

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..

85

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992363009.UG.FTS.B

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29

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,

4/18/30

..

4

4

992364226.UG.FTS.B

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29

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,

4/18/30

..

23

23

992374591.UG.FTS.B

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29

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,

4/18/30

..

5

5

992375064.UG.FTS.B

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29

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,

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..

424

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992376938.UG.FTS.B

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29

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,

4/18/30

..

10

10

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,

29

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%

,

4/18/30

..

2

2

992390575.UG.FTS.B

,

29

.49

%

,

4/18/30

..

3

4

992396638.UG.FTS.B

,

29

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%

,

4/18/30

..

147

–

992404573.UG.FTS.B

,

29

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%

,

4/18/30

..

1

1

992415416.UG.FTS.B

,

29

.49

%

,

4/18/30

..

40

41

992420121.UG.FTS.B

,

29

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%

,

4/18/30

..

6

6

992452851.UG.FTS.B

,

29

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,

4/18/30

..

13

13

992467820.UG.FTS.B

,

29

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%

,

4/18/30

..

36

37

992371601.UG.FTS.B

,

19

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%

,

4/19/30

..

20

20

992501284.UG.FTS.B

,

27

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%

,

4/19/30

..

14

14

992400312.UG.FTS.B

,

27

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%

,

4/19/30

..

11

11

992352178.UG.FTS.B

,

28

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%

,

4/19/30

..

8

8

992355498.UG.FTS.B

,

28

.98

%

,

4/19/30

..

39

39

992365903.UG.FTS.B

,

28

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%

,

4/19/30

..

15

15

992367014.UG.FTS.B

,

28

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%

,

4/19/30

..

14

14

992371954.UG.FTS.B

,

28

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%

,

4/19/30

..

42

42

992421606.UG.FTS.B

,

28

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%

,

4/19/30

..

4

4

992466997.UG.FTS.B

,

28

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%

,

4/19/30

..

4

4

992474567.UG.FTS.B

,

28

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%

,

4/19/30

..

3

3

992475529.UG.FTS.B

,

28

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%

,

4/19/30

..

5

5

992490876.UG.FTS.B

,

28

.98

%

,

4/19/30

..

11

11

992492521.UG.FTS.B

,

28

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%

,

4/19/30

..

26

27

992492615.UG.FTS.B

,

28

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%

,

4/19/30

..

6

6

992544590.UG.FTS.B

,

28

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%

,

4/19/30

..

5

5

992556960.UG.FTS.B

,

28

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%

,

4/19/30

..

34

34

992351042.UG.FTS.B

,

29

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%

,

4/19/30

..

9

9

992375667.UG.FTS.B

,

29

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%

,

4/19/30

..

21

21

992379817.UG.FTS.B

,

29

.49

%

,

4/19/30

..

30

31

992383421.UG.FTS.B

,

29

.49

%

,

4/19/30

..

6

6

992387229.UG.FTS.B

,

29

.49

%

,

4/19/30

..

54

54

992397379.UG.FTS.B

,

29

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%

,

4/19/30

..

5

5

992398418.UG.FTS.B

,

29

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%

,

4/19/30

..

81

82

992404163.UG.FTS.B

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29

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%

,

4/19/30

..

13

13

992411323.UG.FTS.B

,

29

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%

,

4/19/30

..

2

2

992432150.UG.FTS.B

,

29

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%

,

4/19/30

..

31

32

992443019.UG.FTS.B

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29

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%

,

4/19/30

..

5

5

992457548.UG.FTS.B

,

29

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%

,

4/19/30

..

15

15

992522366.UG.FTS.B

,

29

.49

%

,

4/19/30

..

1

1

992362597.UG.FTS.B

,

19

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%

,

4/20/30

..

21

21

992368413.UG.FTS.B

,

19

.99

%

,

4/20/30

..

108

21

992369131.UG.FTS.B

,

19

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%

,

4/20/30

..

204

206

992374956.UG.FTS.B

,

19

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%

,

4/20/30

..

163

166

992377233.UG.FTS.B

,

19

.99

%

,

4/20/30

..

5

5

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992384882.UG.FTS.B

,

19

.99

%

,

4/20/30

..

$

27

$

28

992401584.UG.FTS.B

,

19

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,

4/20/30

..

44

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19

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,

4/20/30

..

8

8

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,

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..

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..

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19

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,

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,

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..

90

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,

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..

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1

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19

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%

,

4/20/30

..

68

70

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27

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%

,

4/20/30

..

158

29

992543342.UG.FTS.B

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27

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,

4/20/30

..

31

32

992613205.UG.FTS.B

,

27

.99

%

,

4/20/30

..

3

3

992361894.UG.FTS.B

,

28

.98

%

,

4/20/30

..

25

25

992362977.UG.FTS.B

,

28

.98

%

,

4/20/30

..

7

7

992367219.UG.FTS.B

,

28

.98

%

,

4/20/30

..

8

8

992367296.UG.FTS.B

,

28

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%

,

4/20/30

..

23

23

992368093.UG.FTS.B

,

28

.98

%

,

4/20/30

..

76

14

992368560.UG.FTS.B

,

28

.98

%

,

4/20/30

..

26

26

992369398.UG.FTS.B

,

28

.98

%

,

4/20/30

..

325

329

992369869.UG.FTS.B

,

28

.98

%

,

4/20/30

..

11

11

992370541.UG.FTS.B

,

28

.98

%

,

4/20/30

..

3

3

992370841.UG.FTS.B

,

28

.98

%

,

4/20/30

..

9

9

992377294.UG.FTS.B

,

28

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%

,

4/20/30

..

33

34

992377706.UG.FTS.B

,

28

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%

,

4/20/30

..

5

5

992385665.UG.FTS.B

,

28

.98

%

,

4/20/30

..

43

43

992395500.UG.FTS.B

,

28

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%

,

4/20/30

..

2

2

992396306.UG.FTS.B

,

28

.98

%

,

4/20/30

..

19

19

992398498.UG.FTS.B

,

28

.98

%

,

4/20/30

..

3

3

992411816.UG.FTS.B

,

28

.98

%

,

4/20/30

..

7

7

992412918.UG.FTS.B

,

28

.98

%

,

4/20/30

..

10

10

992416249.UG.FTS.B

,

28

.98

%

,

4/20/30

..

6

6

992418065.UG.FTS.B

,

28

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%

,

4/20/30

..

77

77

992420668.UG.FTS.B

,

28

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%

,

4/20/30

..

17

18

992421488.UG.FTS.B

,

28

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%

,

4/20/30

..

8

8

992431746.UG.FTS.B

,

28

.98

%

,

4/20/30

..

17

17

992432797.UG.FTS.B

,

28

.98

%

,

4/20/30

..

9

10

992446297.UG.FTS.B

,

28

.98

%

,

4/20/30

..

11

11

992449500.UG.FTS.B

,

28

.98

%

,

4/20/30

..

29

29

992450447.UG.FTS.B

,

28

.98

%

,

4/20/30

..

3

3

992458748.UG.FTS.B

,

28

.98

%

,

4/20/30

..

72

5

992458755.UG.FTS.B

,

28

.98

%

,

4/20/30

..

1

–

992491464.UG.FTS.B

,

28

.98

%

,

4/20/30

..

110

110

992496078.UG.FTS.B

,

28

.98

%

,

4/20/30

..

556

37

992497455.UG.FTS.B

,

28

.98

%

,

4/20/30

..

20

20

992524050.UG.FTS.B

,

28

.98

%

,

4/20/30

..

20

4

992537398.UG.FTS.B

,

28

.98

%

,

4/20/30

..

68

69

992554445.UG.FTS.B

,

28

.98

%

,

4/20/30

..

42

42

992557834.UG.FTS.B

,

28

.98

%

,

4/20/30

..

9

9

992604122.UG.FTS.B

,

28

.98

%

,

4/20/30

..

49

4

992363342.UG.FTS.B

,

29

.45

%

,

4/20/30

..

39

–

992363476.UG.FTS.B

,

29

.45

%

,

4/20/30

..

1

1

992365556.UG.FTS.B

,

29

.46

%

,

4/20/30

..

7

7

992375682.UG.FTS.B

,

29

.46

%

,

4/20/30

..

2

2

992394478.UG.FTS.B

,

29

.46

%

,

4/20/30

..

214

–

992395944.UG.FTS.B

,

29

.46

%

,

4/20/30

..

4

4

992470065.UG.FTS.B

,

29

.46

%

,

4/20/30

..

6

6

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

104

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992533497.UG.FTS.B

,

29

.46

%

,

4/20/30

..

$

18

$

18

992417168.UG.FTS.B

,

29

.47

%

,

4/20/30

..

4

4

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,

29

.48

%

,

4/20/30

..

25

25

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29

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%

,

4/20/30

..

4

4

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29

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%

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4/20/30

..

268

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29

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,

4/20/30

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5

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,

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..

6

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,

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..

7

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,

29

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,

4/20/30

..

85

86

992369526.UG.FTS.B

,

29

.49

%

,

4/20/30

..

17

17

992369764.UG.FTS.B

,

29

.49

%

,

4/20/30

..

78

79

992373418.UG.FTS.B

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29

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%

,

4/20/30

..

5

5

992376987.UG.FTS.B

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29

.49

%

,

4/20/30

..

4

4

992382649.UG.FTS.B

,

29

.49

%

,

4/20/30

..

6

7

992388932.UG.FTS.B

,

29

.49

%

,

4/20/30

..

8

8

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,

29

.49

%

,

4/20/30

..

2

2

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,

29

.49

%

,

4/20/30

..

13

13

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,

29

.49

%

,

4/20/30

..

3

3

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,

29

.49

%

,

4/20/30

..

4

4

992422521.UG.FTS.B

,

29

.49

%

,

4/20/30

..

4

4

992427395.UG.FTS.B

,

29

.49

%

,

4/20/30

..

7

7

992427949.UG.FTS.B

,

29

.49

%

,

4/20/30

..

3

3

992435188.UG.FTS.B

,

29

.49

%

,

4/20/30

..

3

3

992445486.UG.FTS.B

,

29

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%

,

4/20/30

..

14

14

992451074.UG.FTS.B

,

29

.49

%

,

4/20/30

..

1

1

992464276.UG.FTS.B

,

29

.49

%

,

4/20/30

..

27

4

992477452.UG.FTS.B

,

29

.49

%

,

4/20/30

..

56

4

992479682.UG.FTS.B

,

29

.49

%

,

4/20/30

..

11

12

992502694.UG.FTS.B

,

29

.49

%

,

4/20/30

..

6

6

992508820.UG.FTS.B

,

29

.49

%

,

4/20/30

..

14

14

992515474.UG.FTS.B

,

29

.49

%

,

4/20/30

..

7

7

992519259.UG.FTS.B

,

29

.49

%

,

4/20/30

..

52

–

992519839.UG.FTS.B

,

29

.49

%

,

4/20/30

..

16

16

992532351.UG.FTS.B

,

29

.49

%

,

4/20/30

..

115

119

992545069.UG.FTS.B

,

29

.49

%

,

4/20/30

..

6

6

992564506.UG.FTS.B

,

29

.49

%

,

4/20/30

..

19

19

992573800.UG.FTS.B

,

29

.49

%

,

4/20/30

..

9

9

992595569.UG.FTS.B

,

29

.49

%

,

4/20/30

..

12

12

992602719.UG.FTS.B

,

29

.49

%

,

4/20/30

..

21

21

992607665.UG.FTS.B

,

29

.49

%

,

4/20/30

..

3

3

992624887.UG.FTS.B

,

29

.49

%

,

4/20/30

..

16

16

992626537.UG.FTS.B

,

29

.49

%

,

4/20/30

..

1

1

991884399.UG.FTS.B

,

29

.49

%

,

4/25/30

..

6

6

22,660

Upstart

Network,

Inc.

FW2262409.UP.FTS.B

,

28

.42

%

,

5/16/25

..

378

374

FW2166539.UP.FTS.B

,

28

.95

%

,

5/16/25

..

1,452

1,437

L2782850.UP.FTS.B

,

16

.52

%

,

8/14/25

....

1,539

1,517

L2785530.UP.FTS.B

,

18

.7

%

,

8/14/25

....

999

985

L2781760.UP.FTS.B

,

22

.09

%

,

8/14/25

....

1,730

1,706

FW2787195.UP.FTS.B

,

24

.53

%

,

8/14/25

..

2,265

2,232

FW2780476.UP.FTS.B

,

28

.97

%

,

8/14/25

..

2,300

158

FW2787085.UP.FTS.B

,

24

.9

%

,

8/28/25

...

802

157

FW2928685.UP.FTS.B

,

30

.47

%

,

9/11/25

..

577

572

L2111135.UP.FTS.B

,

21

.95

%

,

9/24/25

....

755

746

L2262597.UP.FTS.B

,

16

.24

%

,

10/16/25

...

1,210

470

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2263191.UP.FTS.B

,

28

.73

%

,

10/16/25

.

$

1,582

$

1,559

FW2267398.UP.FTS.B

,

15

.02

%

,

10/17/25

.

910

230

FW2780647.UP.FTS.B

,

19

.08

%

,

1/14/26

..

3,287

658

L2789538.UP.FTS.B

,

23

.38

%

,

1/14/26

....

6,065

5,977

FW1721203.UP.FTS.B

,

9

.61

%

,

9/16/26

...

2,798

2,728

L1721509.UP.FTS.B

,

11

.2

%

,

9/16/26

.....

7,204

7,054

FW1720612.UP.FTS.B

,

11

.37

%

,

9/16/26

..

4,332

4,242

L1722234.UP.FTS.B

,

12

.18

%

,

9/16/26

....

3,668

3,591

FW1721436.UP.FTS.B

,

14

.47

%

,

9/16/26

..

7,308

7,217

L1720338.UP.FTS.B

,

15

.39

%

,

9/16/26

....

5,757

5,685

L1721497.UP.FTS.B

,

16

.37

%

,

9/16/26

....

3,107

3,070

FW1720748.UP.FTS.B

,

16

.61

%

,

9/16/26

..

1,950

1,927

L1722523.UP.FTS.B

,

21

.72

%

,

9/16/26

....

1,462

1,435

FW1722389.UP.FTS.B

,

21

.83

%

,

9/16/26

..

10,742

10,542

L1701780.UP.FTS.B

,

26

.48

%

,

9/16/26

....

4,346

4,274

FW1721156.UP.FTS.B

,

26

.95

%

,

9/16/26

..

9,824

9,661

FW1700325.UP.FTS.B

,

30

.13

%

,

9/16/26

..

679

48

FW1720986.UP.FTS.B

,

30

.57

%

,

9/16/26

..

367

361

FW1720294.UP.FTS.B

,

30

.66

%

,

9/16/26

..

1,167

1,149

L1892951.UP.FTS.B

,

14

.33

%

,

10/21/26

...

1,329

1,306

L1893967.UP.FTS.B

,

14

.49

%

,

10/21/26

...

747

732

FW1895480.UP.FTS.B

,

16

.41

%

,

10/21/26

.

5,305

5,215

L1890982.UP.FTS.B

,

16

.75

%

,

10/21/26

...

2,869

2,838

FW1894387.UP.FTS.B

,

17

.87

%

,

10/21/26

.

2,455

2,414

FW1894844.UP.FTS.B

,

18

.47

%

,

10/21/26

.

9,657

9,493

L1894129.UP.FTS.B

,

19

.51

%

,

10/21/26

...

1,361

1,347

L1892072.UP.FTS.B

,

19

.65

%

,

10/21/26

...

2,868

207

L1889041.UP.FTS.B

,

19

.76

%

,

10/21/26

...

640

630

L1893140.UP.FTS.B

,

24

.95

%

,

10/21/26

...

832

820

L1890870.UP.FTS.B

,

25

.37

%

,

10/21/26

...

2,411

2,374

FW1893402.UP.FTS.B

,

27

.14

%

,

10/21/26

.

2,957

2,043

L1892234.UP.FTS.B

,

27

.37

%

,

10/21/26

...

5,618

5,537

FW1891795.UP.FTS.B

,

28

.39

%

,

10/21/26

.

5,070

4,996

FW1892884.UP.FTS.B

,

28

.78

%

,

10/21/26

.

1,122

1,106

FW1893982.UP.FTS.B

,

28

.82

%

,

10/21/26

.

2,453

176

FW1890284.UP.FTS.B

,

30

.97

%

,

10/21/26

.

974

961

L2015861.UP.FTS.B

,

9

.46

%

,

11/10/26

....

3,671

3,575

L2000658.UP.FTS.B

,

11

.67

%

,

11/10/26

...

7,389

7,221

FW2017263.UP.FTS.B

,

13

.09

%

,

11/10/26

.

10,016

9,791

L2017795.UP.FTS.B

,

13

.15

%

,

11/10/26

...

2,037

1,992

L2016861.UP.FTS.B

,

14

.32

%

,

11/10/26

...

6,835

6,684

L2016090.UP.FTS.B

,

15

.07

%

,

11/10/26

...

5,350

5,274

L2016450.UP.FTS.B

,

15

.84

%

,

11/10/26

...

3,256

3,212

FW2017922.UP.FTS.B

,

16

.45

%

,

11/10/26

.

6,363

6,226

L2017365.UP.FTS.B

,

19

.49

%

,

11/10/26

...

13,312

13,044

L2018057.UP.FTS.B

,

20

.23

%

,

11/10/26

...

8,788

8,594

L2012751.UP.FTS.B

,

20

.27

%

,

11/10/26

...

5,185

5,081

L2018362.UP.FTS.B

,

20

.61

%

,

11/10/26

...

1,376

1,348

L2015725.UP.FTS.B

,

22

.82

%

,

11/10/26

...

722

707

L2018147.UP.FTS.B

,

23

.34

%

,

11/10/26

...

5,977

5,852

L2018074.UP.FTS.B

,

23

.36

%

,

11/10/26

...

2,797

2,738

FW2018046.UP.FTS.B

,

23

.73

%

,

11/10/26

.

1,510

1,479

L2010804.UP.FTS.B

,

24

.21

%

,

11/10/26

...

7,073

6,928

L2017556.UP.FTS.B

,

25

.05

%

,

11/10/26

...

1,714

1,679

L2017313.UP.FTS.B

,

25

.23

%

,

11/10/26

...

2,095

2,053

L2017166.UP.FTS.B

,

25

.5

%

,

11/10/26

....

1,808

1,771

FW2017724.UP.FTS.B

,

26

.2

%

,

11/10/26

..

1,880

1,843

FW2018097.UP.FTS.B

,

28

.2

%

,

11/10/26

..

857

840

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

105

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2017283.UP.FTS.B

,

29

.28

%

,

11/10/26

.

$

2,494

$

2,447

FW2016668.UP.FTS.B

,

29

.41

%

,

11/10/26

.

3,713

1,952

FW2016021.UP.FTS.B

,

29

.96

%

,

11/10/26

.

7,037

6,908

FW2017531.UP.FTS.B

,

30

.14

%

,

11/10/26

.

4,059

1,072

FW2015923.UP.FTS.B

,

30

.28

%

,

11/10/26

.

4,035

3,961

FW2016098.UP.FTS.B

,

30

.28

%

,

11/10/26

.

808

793

FW2015746.UP.FTS.B

,

30

.57

%

,

11/10/26

.

1,471

1,444

FW2017369.UP.FTS.B

,

30

.83

%

,

11/10/26

.

1,522

1,495

FW2014044.UP.FTS.B

,

31

.01

%

,

11/10/26

.

1,242

1,218

FW2015784.UP.FTS.B

,

31

.24

%

,

11/10/26

.

1,172

1,151

FW2015624.UP.FTS.B

,

24

.49

%

,

11/15/26

.

2,829

2,771

FW2018137.UP.FTS.B

,

31

.23

%

,

11/15/26

.

10,300

10,115

L1890702.UP.FTS.B

,

25

.43

%

,

11/19/26

...

2,877

2,833

FW2017448.UP.FTS.B

,

26

.97

%

,

11/20/26

.

1,036

702

FW2110828.UP.FTS.B

,

6

%

,

11/24/26

....

753

506

L2111539.UP.FTS.B

,

8

.17

%

,

11/24/26

....

3,033

2,955

FW2112522.UP.FTS.B

,

10

.63

%

,

11/24/26

.

391

383

L2110925.UP.FTS.B

,

12

.01

%

,

11/24/26

...

12,058

11,802

L2112036.UP.FTS.B

,

13

.1

%

,

11/24/26

....

611

598

L2112445.UP.FTS.B

,

15

.34

%

,

11/24/26

...

1,260

1,247

L2111566.UP.FTS.B

,

15

.86

%

,

11/24/26

...

2,116

2,094

L2111428.UP.FTS.B

,

15

.89

%

,

11/24/26

...

2,118

2,097

L2111907.UP.FTS.B

,

16

.75

%

,

11/24/26

...

1,285

1,272

FW2111473.UP.FTS.B

,

17

.42

%

,

11/24/26

.

2,096

152

FW2112554.UP.FTS.B

,

17

.97

%

,

11/24/26

.

13,104

12,971

FW2103098.UP.FTS.B

,

18

.1

%

,

11/24/26

..

1,743

1,716

L2112204.UP.FTS.B

,

18

.12

%

,

11/24/26

...

2,526

1,680

L2111433.UP.FTS.B

,

19

.56

%

,

11/24/26

...

2,225

2,189

L2110920.UP.FTS.B

,

20

%

,

11/24/26

.....

5,833

5,741

L2110840.UP.FTS.B

,

20

.27

%

,

11/24/26

...

2,708

198

FW2112337.UP.FTS.B

,

20

.38

%

,

11/24/26

.

4,475

4,405

L2111070.UP.FTS.B

,

20

.97

%

,

11/24/26

...

1,423

1,400

FW2110697.UP.FTS.B

,

21

.79

%

,

11/24/26

.

6,283

4,270

L2111001.UP.FTS.B

,

22

.12

%

,

11/24/26

...

904

890

L2109591.UP.FTS.B

,

22

.25

%

,

11/24/26

...

11,257

1,765

L2111688.UP.FTS.B

,

25

.07

%

,

11/24/26

...

1,189

1,172

FW2111387.UP.FTS.B

,

25

.36

%

,

11/24/26

.

2,858

2,818

L2112349.UP.FTS.B

,

25

.4

%

,

11/24/26

....

4,771

4,705

L2111206.UP.FTS.B

,

25

.46

%

,

11/24/26

...

955

942

L2111177.UP.FTS.B

,

25

.59

%

,

11/24/26

...

3,752

2,558

FW2109993.UP.FTS.B

,

28

.34

%

,

11/24/26

.

2,468

2,436

FW2112225.UP.FTS.B

,

30

.05

%

,

11/24/26

.

858

847

FW2111816.UP.FTS.B

,

30

.78

%

,

11/24/26

.

1,166

1,152

FW2111832.UP.FTS.B

,

31

.16

%

,

11/24/26

.

4,874

887

FW2112102.UP.FTS.B

,

31

.76

%

,

11/24/26

.

4,095

4,048

L2016863.UP.FTS.B

,

13

.15

%

,

11/25/26

...

2,050

2,004

FW2111859.UP.FTS.B

,

16

.21

%

,

11/28/26

.

3,620

3,583

FW2264096.UP.FTS.B

,

8

.01

%

,

12/16/26

..

3,566

3,472

L2266515.UP.FTS.B

,

8

.1

%

,

12/16/26

....

2,915

2,838

L2264632.UP.FTS.B

,

8

.24

%

,

12/16/26

....

7,983

7,773

L2233679.UP.FTS.B

,

10

.15

%

,

12/16/26

...

2,655

2,585

L2256936.UP.FTS.B

,

11

.09

%

,

12/16/26

...

8,279

8,089

L2261890.UP.FTS.B

,

11

.17

%

,

12/16/26

...

6,232

6,087

FW2263431.UP.FTS.B

,

12

.09

%

,

12/16/26

.

2,939

2,872

L2262690.UP.FTS.B

,

13

.04

%

,

12/16/26

...

3,616

3,535

FW2263216.UP.FTS.B

,

14

.33

%

,

12/16/26

.

433

423

FW2263771.UP.FTS.B

,

14

.5

%

,

12/16/26

..

3,267

3,194

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2262525.UP.FTS.B

,

14

.73

%

,

12/16/26

.

$

13,053

$

12,767

L2266678.UP.FTS.B

,

14

.84

%

,

12/16/26

...

5,665

5,541

L2266887.UP.FTS.B

,

15

.02

%

,

12/16/26

...

3,058

3,019

FW2266772.UP.FTS.B

,

15

.05

%

,

12/16/26

.

3,465

3,420

FW2265961.UP.FTS.B

,

16

.27

%

,

12/16/26

.

2,660

2,626

L2265506.UP.FTS.B

,

16

.32

%

,

12/16/26

...

3,617

3,552

L2261462.UP.FTS.B

,

16

.62

%

,

12/16/26

...

1,472

1,454

L2262304.UP.FTS.B

,

17

.3

%

,

12/16/26

....

5,852

5,780

L2261255.UP.FTS.B

,

17

.42

%

,

12/16/26

...

16,484

16,277

L2260722.UP.FTS.B

,

18

.02

%

,

12/16/26

...

1,362

1,336

L2261469.UP.FTS.B

,

19

.7

%

,

12/16/26

....

1,604

390

L2260922.UP.FTS.B

,

19

.74

%

,

12/16/26

...

3,238

3,173

L2265533.UP.FTS.B

,

19

.85

%

,

12/16/26

...

4,995

3,262

L2262271.UP.FTS.B

,

20

.02

%

,

12/16/26

...

4,298

4,218

FW2262822.UP.FTS.B

,

20

.38

%

,

12/16/26

.

1,404

1,376

L2262115.UP.FTS.B

,

20

.57

%

,

12/16/26

...

1,052

1,032

L2266172.UP.FTS.B

,

21

.62

%

,

12/16/26

...

1,663

1,631

FW2265342.UP.FTS.B

,

21

.77

%

,

12/16/26

.

1,676

1,643

L2264438.UP.FTS.B

,

21

.8

%

,

12/16/26

....

2,328

2,301

FW2242546.UP.FTS.B

,

21

.96

%

,

12/16/26

.

5,201

5,106

L2262151.UP.FTS.B

,

23

.18

%

,

12/16/26

...

11,088

2,931

L2266895.UP.FTS.B

,

23

.57

%

,

12/16/26

...

1,946

1,910

L2262668.UP.FTS.B

,

24

.03

%

,

12/16/26

...

1,614

1,584

L2263485.UP.FTS.B

,

24

.71

%

,

12/16/26

...

986

968

FW2263757.UP.FTS.B

,

24

.74

%

,

12/16/26

.

3,690

3,623

FW2263559.UP.FTS.B

,

24

.81

%

,

12/16/26

.

3,766

3,697

FW2266843.UP.FTS.B

,

24

.86

%

,

12/16/26

.

1,481

1,455

L2262190.UP.FTS.B

,

25

.35

%

,

12/16/26

...

2,405

173

L2264771.UP.FTS.B

,

25

.35

%

,

12/16/26

...

903

887

L2262592.UP.FTS.B

,

25

.43

%

,

12/16/26

...

468

463

L2236916.UP.FTS.B

,

25

.5

%

,

12/16/26

....

1,990

1,955

FW2265341.UP.FTS.B

,

25

.64

%

,

12/16/26

.

4,981

4,893

FW2263939.UP.FTS.B

,

26

.78

%

,

12/16/26

.

1,990

1,956

FW2266619.UP.FTS.B

,

27

.46

%

,

12/16/26

.

1,882

1,850

FW2262621.UP.FTS.B

,

27

.92

%

,

12/16/26

.

4,386

46

FW2264546.UP.FTS.B

,

28

.23

%

,

12/16/26

.

1,813

129

FW2260718.UP.FTS.B

,

28

.56

%

,

12/16/26

.

1,030

1,013

FW2263509.UP.FTS.B

,

28

.65

%

,

12/16/26

.

6,254

103

FW2264712.UP.FTS.B

,

28

.97

%

,

12/16/26

.

1,133

1,113

FW2264681.UP.FTS.B

,

29

.13

%

,

12/16/26

.

2,072

2,038

FW2258081.UP.FTS.B

,

30

.3

%

,

12/16/26

..

2,486

2,444

FW2261708.UP.FTS.B

,

30

.67

%

,

12/16/26

.

1,698

1,138

FW2266558.UP.FTS.B

,

30

.86

%

,

12/16/26

.

1,057

1,040

FW2266459.UP.FTS.B

,

30

.98

%

,

12/16/26

.

597

587

FW2260770.UP.FTS.B

,

31

.08

%

,

12/16/26

.

793

781

FW2264279.UP.FTS.B

,

31

.14

%

,

12/16/26

.

1,192

84

FW2266682.UP.FTS.B

,

31

.23

%

,

12/16/26

.

2,984

213

FW2270153.UP.FTS.B

,

7

.21

%

,

12/17/26

..

1,695

1,651

FW2269719.UP.FTS.B

,

7

.26

%

,

12/17/26

..

4,745

2,940

L2269403.UP.FTS.B

,

7

.47

%

,

12/17/26

....

5,871

5,715

L2269259.UP.FTS.B

,

8

.25

%

,

12/17/26

....

1,192

1,161

L2268096.UP.FTS.B

,

8

.29

%

,

12/17/26

....

9,542

9,289

L2267269.UP.FTS.B

,

8

.51

%

,

12/17/26

....

5,985

5,827

L2269424.UP.FTS.B

,

8

.98

%

,

12/17/26

....

4,418

4,301

L2271105.UP.FTS.B

,

9

.17

%

,

12/17/26

....

12,442

12,132

FW2267252.UP.FTS.B

,

9

.41

%

,

12/17/26

..

3,057

2,979

L2266480.UP.FTS.B

,

10

.61

%

,

12/17/26

...

1,439

1,406

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

106

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2269561.UP.FTS.B

,

11

.28

%

,

12/17/26

.

$

2,656

$

2,596

L2263798.UP.FTS.B

,

11

.32

%

,

12/17/26

...

11,147

10,894

L2270002.UP.FTS.B

,

11

.76

%

,

12/17/26

...

1,880

1,838

L2270705.UP.FTS.B

,

12

.61

%

,

12/17/26

...

4,228

4,133

L2269154.UP.FTS.B

,

12

.96

%

,

12/17/26

...

10,061

1,456

L2267510.UP.FTS.B

,

13

.34

%

,

12/17/26

...

4,611

4,509

FW2269825.UP.FTS.B

,

13

.55

%

,

12/17/26

.

2,303

557

L2264006.UP.FTS.B

,

13

.57

%

,

12/17/26

...

4,344

4,246

L2269188.UP.FTS.B

,

14

.18

%

,

12/17/26

...

2,336

2,284

FW2259052.UP.FTS.B

,

14

.44

%

,

12/17/26

.

3,035

2,968

L2269061.UP.FTS.B

,

14

.52

%

,

12/17/26

...

1,929

1,887

L2267899.UP.FTS.B

,

15

.39

%

,

12/17/26

...

4,390

4,295

FW2269286.UP.FTS.B

,

15

.6

%

,

12/17/26

..

11,522

11,285

L2269989.UP.FTS.B

,

15

.72

%

,

12/17/26

...

13,234

13,068

L2269665.UP.FTS.B

,

16

.5

%

,

12/17/26

....

7,185

7,096

L2267902.UP.FTS.B

,

16

.76

%

,

12/17/26

...

5,650

5,530

L2269419.UP.FTS.B

,

17

%

,

12/17/26

.....

4,445

3,328

L2270652.UP.FTS.B

,

17

.8

%

,

12/17/26

....

1,268

1,253

FW2270802.UP.FTS.B

,

17

.83

%

,

12/17/26

.

453

448

L2270265.UP.FTS.B

,

18

.3

%

,

12/17/26

....

912

901

L2267799.UP.FTS.B

,

18

.33

%

,

12/17/26

...

3,201

3,161

FW2268753.UP.FTS.B

,

19

.71

%

,

12/17/26

.

2,343

2,315

L2267364.UP.FTS.B

,

20

.36

%

,

12/17/26

...

1,029

1,010

L2268745.UP.FTS.B

,

20

.6

%

,

12/17/26

....

2,069

2,030

L2268926.UP.FTS.B

,

20

.65

%

,

12/17/26

...

12,701

12,462

L2268079.UP.FTS.B

,

20

.72

%

,

12/17/26

...

1,845

1,810

L2256028.UP.FTS.B

,

20

.74

%

,

12/17/26

...

3,359

241

L2270132.UP.FTS.B

,

20

.75

%

,

12/17/26

...

705

691

L2270631.UP.FTS.B

,

21

.07

%

,

12/17/26

...

6,882

1,002

L2268043.UP.FTS.B

,

21

.67

%

,

12/17/26

...

24,204

23,757

FW2268457.UP.FTS.B

,

22

.16

%

,

12/17/26

.

5,500

5,398

FW2263842.UP.FTS.B

,

22

.41

%

,

12/17/26

.

7,286

7,150

L2214006.UP.FTS.B

,

22

.76

%

,

12/17/26

...

572

562

FW2267880.UP.FTS.B

,

23

.11

%

,

12/17/26

.

4,838

4,752

FW2271155.UP.FTS.B

,

23

.14

%

,

12/17/26

.

5,813

5,707

FW2270621.UP.FTS.B

,

23

.29

%

,

12/17/26

.

2,151

2,112

L2267371.UP.FTS.B

,

23

.36

%

,

12/17/26

...

632

620

FW2270716.UP.FTS.B

,

24

.09

%

,

12/17/26

.

2,446

2,403

FW2268352.UP.FTS.B

,

24

.36

%

,

12/17/26

.

1,811

1,780

L2269673.UP.FTS.B

,

24

.46

%

,

12/17/26

...

491

483

L2268401.UP.FTS.B

,

25

.14

%

,

12/17/26

...

1,822

1,214

L2268106.UP.FTS.B

,

25

.26

%

,

12/17/26

...

11,143

10,949

FW2268057.UP.FTS.B

,

25

.81

%

,

12/17/26

.

1,213

88

FW2265199.UP.FTS.B

,

27

.31

%

,

12/17/26

.

2,842

742

FW2267234.UP.FTS.B

,

28

.03

%

,

12/17/26

.

550

541

FW2271113.UP.FTS.B

,

29

.49

%

,

12/17/26

.

1,855

1,826

FW2260471.UP.FTS.B

,

30

.04

%

,

12/17/26

.

4,009

3,946

FW2260486.UP.FTS.B

,

30

.33

%

,

12/17/26

.

7,868

7,746

FW2266749.UP.FTS.B

,

30

.39

%

,

12/17/26

.

683

672

FW2267969.UP.FTS.B

,

31

.13

%

,

12/17/26

.

2,170

2,137

FW2269656.UP.FTS.B

,

31

.22

%

,

12/17/26

.

850

837

FW2266605.UP.FTS.B

,

31

.38

%

,

12/17/26

.

1,275

1,256

FW2266148.UP.FTS.B

,

14

.03

%

,

12/21/26

.

2,160

2,112

L2261820.UP.FTS.B

,

15

.32

%

,

12/28/26

...

21,751

21,278

FW2267947.UP.FTS.B

,

20

.33

%

,

12/28/26

.

2,948

2,890

L2265697.UP.FTS.B

,

23

.5

%

,

12/28/26

....

1,797

131

FW2475907.UP.FTS.B

,

4

.84

%

,

1/20/27

...

16,540

15,949

L2474579.UP.FTS.B

,

4

.95

%

,

1/20/27

....

8,826

8,536

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2474331.UP.FTS.B

,

5

.25

%

,

1/20/27

....

$

3,961

$

3,820

L2471525.UP.FTS.B

,

5

.57

%

,

1/20/27

....

15,969

15,402

L2475014.UP.FTS.B

,

5

.92

%

,

1/20/27

....

370

359

L2475724.UP.FTS.B

,

7

.86

%

,

1/20/27

....

4,074

3,965

L2473450.UP.FTS.B

,

8

.65

%

,

1/20/27

....

10,426

10,149

FW2473955.UP.FTS.B

,

8

.68

%

,

1/20/27

...

1,538

1,498

FW2473331.UP.FTS.B

,

9

.04

%

,

1/20/27

...

6,231

6,083

L2474865.UP.FTS.B

,

9

.49

%

,

1/20/27

....

1,520

1,485

L2474080.UP.FTS.B

,

9

.61

%

,

1/20/27

....

3,963

3,859

L2472065.UP.FTS.B

,

9

.95

%

,

1/20/27

....

3,185

3,101

L2471859.UP.FTS.B

,

12

.54

%

,

1/20/27

....

6,602

6,452

L2474658.UP.FTS.B

,

12

.78

%

,

1/20/27

....

2,208

2,158

L2471480.UP.FTS.B

,

13

.4

%

,

1/20/27

....

1,153

1,129

L2473476.UP.FTS.B

,

14

%

,

1/20/27

......

2,909

2,846

L2471439.UP.FTS.B

,

14

.4

%

,

1/20/27

....

496

485

L2472468.UP.FTS.B

,

14

.46

%

,

1/20/27

....

2,708

2,648

L2474447.UP.FTS.B

,

14

.59

%

,

1/20/27

....

1,989

1,945

L2475028.UP.FTS.B

,

14

.75

%

,

1/20/27

....

2,265

2,215

FW2471019.UP.FTS.B

,

15

.35

%

,

1/20/27

..

489

478

L2474491.UP.FTS.B

,

15

.9

%

,

1/20/27

....

2,021

1,996

L2471752.UP.FTS.B

,

16

.14

%

,

1/20/27

....

2,766

2,733

L2471471.UP.FTS.B

,

19

.65

%

,

1/20/27

....

3,181

3,124

L2474729.UP.FTS.B

,

20

.39

%

,

1/20/27

....

4,858

4,770

FW2472361.UP.FTS.B

,

20

.41

%

,

1/20/27

..

6,263

460

L2473064.UP.FTS.B

,

21

.2

%

,

1/20/27

....

689

173

L2473306.UP.FTS.B

,

21

.55

%

,

1/20/27

....

3,113

2,031

FW2475846.UP.FTS.B

,

23

.25

%

,

1/20/27

..

2,269

2,230

FW2474184.UP.FTS.B

,

23

.79

%

,

1/20/27

..

2,325

2,286

FW2473402.UP.FTS.B

,

24

.11

%

,

1/20/27

..

9,130

8,977

L2472023.UP.FTS.B

,

24

.83

%

,

1/20/27

....

1,381

1,358

L2471728.UP.FTS.B

,

25

.34

%

,

1/20/27

....

5,349

5,263

L2471667.UP.FTS.B

,

25

.39

%

,

1/20/27

....

4,014

3,949

FW2475280.UP.FTS.B

,

27

.6

%

,

1/20/27

...

6,628

6,527

FW2475609.UP.FTS.B

,

28

.57

%

,

1/20/27

..

3,559

160

FW2475302.UP.FTS.B

,

30

.28

%

,

1/20/27

..

2,605

2,568

FW2473987.UP.FTS.B

,

30

.82

%

,

1/20/27

..

1,050

1,035

FW2473631.UP.FTS.B

,

30

.87

%

,

1/20/27

..

641

632

FW2474925.UP.FTS.B

,

31

.01

%

,

1/20/27

..

847

835

FW2475230.UP.FTS.B

,

31

.1

%

,

1/20/27

...

848

836

FW2473891.UP.FTS.B

,

31

.57

%

,

1/20/27

..

3,931

3,874

L2477575.UP.FTS.B

,

4

.96

%

,

1/21/27

....

3,933

3,808

FW2478227.UP.FTS.B

,

5

.11

%

,

1/21/27

...

4,359

4,204

L2478495.UP.FTS.B

,

5

.12

%

,

1/21/27

....

3,965

3,824

L2446259.UP.FTS.B

,

5

.18

%

,

1/21/27

....

3,715

3,588

L2478466.UP.FTS.B

,

5

.39

%

,

1/21/27

....

4,367

4,211

L2478450.UP.FTS.B

,

5

.42

%

,

1/21/27

....

2,390

2,305

L2480061.UP.FTS.B

,

5

.73

%

,

1/21/27

....

4,495

4,341

L2459372.UP.FTS.B

,

5

.76

%

,

1/21/27

....

6,000

5,787

L2477090.UP.FTS.B

,

5

.84

%

,

1/21/27

....

2,404

2,318

L2477803.UP.FTS.B

,

6

.01

%

,

1/21/27

....

16,718

16,129

L2477744.UP.FTS.B

,

6

.17

%

,

1/21/27

....

14,897

14,371

L2477424.UP.FTS.B

,

6

.43

%

,

1/21/27

....

8,081

7,797

L2480644.UP.FTS.B

,

6

.59

%

,

1/21/27

....

10,125

9,769

L2480479.UP.FTS.B

,

6

.6

%

,

1/21/27

.....

2,593

2,501

L2480622.UP.FTS.B

,

6

.63

%

,

1/21/27

....

12,969

12,513

L2478485.UP.FTS.B

,

6

.81

%

,

1/21/27

....

3,791

3,693

L2478510.UP.FTS.B

,

7

.06

%

,

1/21/27

....

576

556

L2461602.UP.FTS.B

,

7

.51

%

,

1/21/27

....

20,521

19,970

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

107

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2478233.UP.FTS.B

,

7

.75

%

,

1/21/27

....

$

1,648

$

1,604

FW2480389.UP.FTS.B

,

7

.87

%

,

1/21/27

...

3,094

3,011

L2477326.UP.FTS.B

,

8

.52

%

,

1/21/27

....

10,409

10,132

L2480346.UP.FTS.B

,

8

.56

%

,

1/21/27

....

938

914

L2481499.UP.FTS.B

,

9

.01

%

,

1/21/27

....

1,539

1,499

L2477347.UP.FTS.B

,

9

.48

%

,

1/21/27

....

717

698

FW2478172.UP.FTS.B

,

9

.55

%

,

1/21/27

...

2,639

1,644

L2477329.UP.FTS.B

,

9

.62

%

,

1/21/27

....

3,806

3,706

L2477858.UP.FTS.B

,

9

.8

%

,

1/21/27

.....

10,374

10,101

L2480599.UP.FTS.B

,

9

.99

%

,

1/21/27

....

9,707

9,478

FW2479183.UP.FTS.B

,

10

.05

%

,

1/21/27

..

3,615

3,531

L2480405.UP.FTS.B

,

10

.65

%

,

1/21/27

....

2,574

2,515

FW2478301.UP.FTS.B

,

10

.7

%

,

1/21/27

...

3,176

3,094

L2476472.UP.FTS.B

,

10

.79

%

,

1/21/27

....

2,118

2,069

FW2480584.UP.FTS.B

,

10

.82

%

,

1/21/27

..

2,552

2,494

L2476577.UP.FTS.B

,

11

.24

%

,

1/21/27

....

1,730

1,690

FW2480576.UP.FTS.B

,

11

.26

%

,

1/21/27

..

10,208

9,974

L2477410.UP.FTS.B

,

11

.79

%

,

1/21/27

....

4,650

4,558

FW2477060.UP.FTS.B

,

11

.89

%

,

1/21/27

..

13,034

12,739

L2481328.UP.FTS.B

,

12

.51

%

,

1/21/27

....

2,199

2,149

L2479402.UP.FTS.B

,

12

.63

%

,

1/21/27

....

3,772

545

L2479108.UP.FTS.B

,

13

.57

%

,

1/21/27

....

13,266

961

L2480894.UP.FTS.B

,

14

.25

%

,

1/21/27

....

5,325

5,205

L2481349.UP.FTS.B

,

14

.92

%

,

1/21/27

....

3,450

3,374

FW2476598.UP.FTS.B

,

14

.99

%

,

1/21/27

..

4,763

3,021

FW2476545.UP.FTS.B

,

15

.04

%

,

1/21/27

..

4,548

4,448

FW2476940.UP.FTS.B

,

15

.14

%

,

1/21/27

..

1,074

1,053

L2472995.UP.FTS.B

,

15

.34

%

,

1/21/27

....

1,370

1,353

L2476780.UP.FTS.B

,

15

.94

%

,

1/21/27

....

2,822

206

L2480635.UP.FTS.B

,

16

.62

%

,

1/21/27

....

2,319

2,292

L2481665.UP.FTS.B

,

17

.36

%

,

1/21/27

....

1,873

1,851

FW2476814.UP.FTS.B

,

17

.49

%

,

1/21/27

..

2,368

2,324

FW2470384.UP.FTS.B

,

19

.99

%

,

1/21/27

..

3,079

2,003

L2481444.UP.FTS.B

,

20

.35

%

,

1/21/27

....

4,357

1,103

FW2478527.UP.FTS.B

,

20

.76

%

,

1/21/27

..

10,951

10,728

FW2479867.UP.FTS.B

,

21

.17

%

,

1/21/27

..

1,569

1,542

FW2476171.UP.FTS.B

,

24

.01

%

,

1/21/27

..

1,837

1,807

L2476196.UP.FTS.B

,

24

.05

%

,

1/21/27

....

508

500

L2480692.UP.FTS.B

,

24

.23

%

,

1/21/27

....

590

392

FW2476307.UP.FTS.B

,

24

.31

%

,

1/21/27

..

813

800

L2477602.UP.FTS.B

,

25

.12

%

,

1/21/27

....

2,052

2,018

L2450581.UP.FTS.B

,

25

.25

%

,

1/21/27

....

2,363

2,326

L2477171.UP.FTS.B

,

25

.43

%

,

1/21/27

....

2,163

1,443

L2477959.UP.FTS.B

,

25

.85

%

,

1/21/27

....

5,171

5,091

L2478675.UP.FTS.B

,

25

.98

%

,

1/21/27

....

9,539

9,386

L2476870.UP.FTS.B

,

26

.94

%

,

1/21/27

....

1,570

1,544

FW2480795.UP.FTS.B

,

27

.7

%

,

1/21/27

...

1,477

1,455

FW2476474.UP.FTS.B

,

28

.03

%

,

1/21/27

..

1,460

226

FW2477133.UP.FTS.B

,

28

.1

%

,

1/21/27

...

4,505

4,439

FW2481757.UP.FTS.B

,

28

.3

%

,

1/21/27

...

4,767

342

FW2478384.UP.FTS.B

,

28

.67

%

,

1/21/27

..

950

936

FW2480886.UP.FTS.B

,

29

.21

%

,

1/21/27

..

17,219

4,263

FW2480439.UP.FTS.B

,

29

.92

%

,

1/21/27

..

1,890

1,856

FW2476060.UP.FTS.B

,

30

.53

%

,

1/21/27

..

3,261

3,216

FW2481370.UP.FTS.B

,

30

.57

%

,

1/21/27

..

208

206

FW2476388.UP.FTS.B

,

30

.81

%

,

1/21/27

..

4,807

4,741

FW2479214.UP.FTS.B

,

30

.9

%

,

1/21/27

...

6,160

6,076

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2481906.UP.FTS.B

,

30

.96

%

,

1/21/27

..

$

601

$

593

FW2479381.UP.FTS.B

,

31

.12

%

,

1/21/27

..

4,347

306

FW2482047.UP.FTS.B

,

32

.18

%

,

1/21/27

..

8,410

5,645

FW2479301.UP.FTS.B

,

31

.22

%

,

1/28/27

..

604

595

FW2472901.UP.FTS.B

,

21

.26

%

,

2/01/27

..

5,181

5,087

L2480452.UP.FTS.B

,

14

.24

%

,

2/02/27

....

2,350

2,297

L2473112.UP.FTS.B

,

11

.72

%

,

2/03/27

....

2,263

2,210

FW2480948.UP.FTS.B

,

11

.69

%

,

2/05/27

..

11,377

11,108

L2476441.UP.FTS.B

,

22

.74

%

,

2/06/27

....

2,877

2,828

L2477998.UP.FTS.B

,

10

.21

%

,

2/10/27

....

8,877

8,664

L1722117.UP.FTS.B

,

23

.46

%

,

2/16/27

....

5,408

800

L1722725.UP.FTS.B

,

25

.76

%

,

2/16/27

....

952

625

L1722547.UP.FTS.B

,

26

.6

%

,

2/16/27

....

1,776

1,756

FW1721612.UP.FTS.B

,

26

.87

%

,

2/16/27

..

2,517

2,469

FW1720421.UP.FTS.B

,

27

.95

%

,

2/16/27

..

3,193

3,136

FW1722218.UP.FTS.B

,

29

.06

%

,

2/16/27

..

4,491

323

FW1720737.UP.FTS.B

,

29

.83

%

,

2/16/27

..

1,697

1,115

L2656149.UP.FTS.B

,

4

.9

%

,

2/18/27

.....

17,231

16,605

L2654934.UP.FTS.B

,

6

.41

%

,

2/18/27

....

4,601

4,454

L2657504.UP.FTS.B

,

7

.74

%

,

2/18/27

....

3,646

3,547

L2653066.UP.FTS.B

,

9

.34

%

,

2/18/27

....

184

181

FW2653627.UP.FTS.B

,

9

.99

%

,

2/18/27

...

2,317

2,256

FW2657539.UP.FTS.B

,

10

.96

%

,

2/18/27

..

4,918

4,800

FW2653836.UP.FTS.B

,

10

.99

%

,

2/18/27

..

1,262

1,234

L2655850.UP.FTS.B

,

11

.44

%

,

2/18/27

....

12,154

11,865

L2657392.UP.FTS.B

,

12

.09

%

,

2/18/27

....

6,321

6,172

FW2654132.UP.FTS.B

,

12

.73

%

,

2/18/27

..

9,761

9,529

L2653291.UP.FTS.B

,

12

.9

%

,

2/18/27

....

1,697

1,659

FW2654033.UP.FTS.B

,

13

.1

%

,

2/18/27

...

3,181

3,109

FW2655119.UP.FTS.B

,

13

.31

%

,

2/18/27

..

5,777

3,617

FW2653830.UP.FTS.B

,

13

.35

%

,

2/18/27

..

8,535

619

FW2656357.UP.FTS.B

,

13

.79

%

,

2/18/27

..

4,973

4,858

FW2657507.UP.FTS.B

,

13

.96

%

,

2/18/27

..

1,497

1,462

L2655146.UP.FTS.B

,

14

.16

%

,

2/18/27

....

3,422

3,343

FW2657544.UP.FTS.B

,

14

.38

%

,

2/18/27

..

9,041

8,833

FW2656039.UP.FTS.B

,

14

.43

%

,

2/18/27

..

1,078

1,053

FW2655411.UP.FTS.B

,

14

.47

%

,

2/18/27

..

1,247

1,219

L2655911.UP.FTS.B

,

14

.57

%

,

2/18/27

....

7,040

6,879

FW2653497.UP.FTS.B

,

14

.59

%

,

2/18/27

..

7,512

7,341

L2653926.UP.FTS.B

,

14

.76

%

,

2/18/27

....

7,020

6,864

FW2656874.UP.FTS.B

,

15

.48

%

,

2/18/27

..

1,567

1,546

L2657406.UP.FTS.B

,

15

.83

%

,

2/18/27

....

7,627

7,528

L2656610.UP.FTS.B

,

15

.94

%

,

2/18/27

....

7,167

7,006

FW2657294.UP.FTS.B

,

16

.22

%

,

2/18/27

..

10,388

10,156

FW2655801.UP.FTS.B

,

16

.39

%

,

2/18/27

..

2,593

2,560

L2655952.UP.FTS.B

,

16

.47

%

,

2/18/27

....

5,768

5,694

FW2656762.UP.FTS.B

,

16

.73

%

,

2/18/27

..

12,049

11,896

FW2654911.UP.FTS.B

,

16

.77

%

,

2/18/27

..

1,104

1,090

FW2655755.UP.FTS.B

,

17

.36

%

,

2/18/27

..

4,125

4,034

L2656274.UP.FTS.B

,

17

.4

%

,

2/18/27

....

972

953

L2648053.UP.FTS.B

,

17

.58

%

,

2/18/27

....

3,153

3,114

FW2655219.UP.FTS.B

,

17

.61

%

,

2/18/27

..

13,047

12,885

FW2657700.UP.FTS.B

,

17

.81

%

,

2/18/27

..

6,326

6,202

L2656742.UP.FTS.B

,

17

.82

%

,

2/18/27

....

2,653

2,602

L2653689.UP.FTS.B

,

18

.18

%

,

2/18/27

....

1,746

1,712

L2653164.UP.FTS.B

,

18

.21

%

,

2/18/27

....

5,398

5,331

L2657353.UP.FTS.B

,

18

.73

%

,

2/18/27

....

7,514

7,348

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

108

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2656424.UP.FTS.B

,

19

.82

%

,

2/18/27

..

$

1,651

$

1,619

FW2657677.UP.FTS.B

,

20

.65

%

,

2/18/27

..

2,777

2,725

FW2654620.UP.FTS.B

,

20

.83

%

,

2/18/27

..

2,427

2,381

L2656191.UP.FTS.B

,

20

.98

%

,

2/18/27

....

2,299

2,256

FW2657310.UP.FTS.B

,

21

.81

%

,

2/18/27

..

1,757

1,724

L2655942.UP.FTS.B

,

21

.87

%

,

2/18/27

....

6,144

6,074

L2656980.UP.FTS.B

,

22

.68

%

,

2/18/27

....

4,133

4,058

FW2657375.UP.FTS.B

,

23

.29

%

,

2/18/27

..

1,605

240

FW2657769.UP.FTS.B

,

24

.23

%

,

2/18/27

..

5,856

5,754

L2657363.UP.FTS.B

,

24

.67

%

,

2/18/27

....

3,115

3,061

FW2656918.UP.FTS.B

,

25

.32

%

,

2/18/27

..

3,189

3,135

L2657540.UP.FTS.B

,

25

.32

%

,

2/18/27

....

906

891

FW2654552.UP.FTS.B

,

25

.75

%

,

2/18/27

..

2,884

2,836

FW2656585.UP.FTS.B

,

25

.76

%

,

2/18/27

..

2,939

2,889

FW2656127.UP.FTS.B

,

28

.24

%

,

2/18/27

..

1,563

237

FW2657275.UP.FTS.B

,

28

.44

%

,

2/18/27

..

1,835

1,806

FW2657124.UP.FTS.B

,

28

.84

%

,

2/18/27

..

4,718

4,644

FW2656448.UP.FTS.B

,

29

.81

%

,

2/18/27

..

2,893

2,850

FW2654690.UP.FTS.B

,

30

.25

%

,

2/18/27

..

622

612

FW2652797.UP.FTS.B

,

30

.47

%

,

2/18/27

..

952

938

FW2656342.UP.FTS.B

,

30

.71

%

,

2/18/27

..

528

520

FW2655259.UP.FTS.B

,

30

.9

%

,

2/18/27

...

2,813

2,772

FW2655652.UP.FTS.B

,

30

.92

%

,

2/18/27

..

17,885

17,589

FW2653746.UP.FTS.B

,

30

.93

%

,

2/18/27

..

1,183

1,165

FW2654823.UP.FTS.B

,

31

.05

%

,

2/18/27

..

1,073

1,057

FW2652957.UP.FTS.B

,

31

.1

%

,

2/18/27

...

637

627

FW2656050.UP.FTS.B

,

31

.14

%

,

2/18/27

..

1,298

1,279

FW2653299.UP.FTS.B

,

31

.23

%

,

2/18/27

..

2,512

1,669

FW2652650.UP.FTS.B

,

31

.46

%

,

2/18/27

..

2,832

2,758

FW2653485.UP.FTS.B

,

27

.32

%

,

2/20/27

..

5,441

5,354

FW2655382.UP.FTS.B

,

29

.8

%

,

2/25/27

...

3,897

3,839

L2782778.UP.FTS.B

,

5

.38

%

,

3/14/27

....

8,628

8,344

FW2785873.UP.FTS.B

,

5

.67

%

,

3/14/27

...

11,683

11,302

L2786047.UP.FTS.B

,

5

.71

%

,

3/14/27

....

2,173

2,102

FW2785225.UP.FTS.B

,

5

.78

%

,

3/14/27

...

8,483

8,206

L2785533.UP.FTS.B

,

5

.87

%

,

3/14/27

....

5,082

4,915

L2785761.UP.FTS.B

,

6

.14

%

,

3/14/27

....

17,486

16,919

L2788888.UP.FTS.B

,

6

.14

%

,

3/14/27

....

3,909

3,790

L2786287.UP.FTS.B

,

6

.48

%

,

3/14/27

....

332

327

L2789358.UP.FTS.B

,

6

.49

%

,

3/14/27

....

21,823

21,113

L2789856.UP.FTS.B

,

6

.67

%

,

3/14/27

....

4,023

1,728

L2786197.UP.FTS.B

,

6

.8

%

,

3/14/27

.....

2,705

2,621

L2776276.UP.FTS.B

,

6

.89

%

,

3/14/27

....

9,921

9,621

L2785513.UP.FTS.B

,

6

.9

%

,

3/14/27

.....

7,114

6,885

L2783455.UP.FTS.B

,

7

.28

%

,

3/14/27

....

18,080

17,500

L2781599.UP.FTS.B

,

7

.38

%

,

3/14/27

....

2,402

2,325

L2784013.UP.FTS.B

,

7

.38

%

,

3/14/27

....

8,601

8,402

L2783926.UP.FTS.B

,

7

.49

%

,

3/14/27

....

8,151

7,891

L2781938.UP.FTS.B

,

7

.6

%

,

3/14/27

.....

22,306

21,593

FW2780236.UP.FTS.B

,

7

.69

%

,

3/14/27

...

15,634

15,267

L2788290.UP.FTS.B

,

7

.73

%

,

3/14/27

....

4,269

4,169

L2781769.UP.FTS.B

,

7

.86

%

,

3/14/27

....

9,608

4,230

L2784113.UP.FTS.B

,

7

.9

%

,

3/14/27

......

4,927

4,812

L2769930.UP.FTS.B

,

7

.96

%

,

3/14/27

....

13,895

13,570

FW2784974.UP.FTS.B

,

8

.13

%

,

3/14/27

...

20,990

20,500

L2780083.UP.FTS.B

,

8

.23

%

,

3/14/27

....

20,189

19,709

FW2781791.UP.FTS.B

,

8

.25

%

,

3/14/27

...

13,792

13,465

L2789155.UP.FTS.B

,

8

.26

%

,

3/14/27

....

11,255

10,993

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2780176.UP.FTS.B

,

8

.31

%

,

3/14/27

....

$

22,519

$

21,994

L2764977.UP.FTS.B

,

8

.36

%

,

3/14/27

....

4,867

4,754

L2779428.UP.FTS.B

,

8

.36

%

,

3/14/27

....

4,733

4,623

L2782254.UP.FTS.B

,

8

.42

%

,

3/14/27

....

3,609

3,495

L2782003.UP.FTS.B

,

8

.5

%

,

3/14/27

.....

10,303

10,059

L2787246.UP.FTS.B

,

8

.5

%

,

3/14/27

.....

1,129

1,102

L2784591.UP.FTS.B

,

8

.72

%

,

3/14/27

....

22,648

22,122

FW2780109.UP.FTS.B

,

8

.73

%

,

3/14/27

...

6,782

6,621

L2789064.UP.FTS.B

,

8

.75

%

,

3/14/27

....

8,992

8,783

L2789316.UP.FTS.B

,

8

.8

%

,

3/14/27

.....

22,666

22,140

L2786540.UP.FTS.B

,

8

.81

%

,

3/14/27

....

2,448

2,391

L2783739.UP.FTS.B

,

8

.99

%

,

3/14/27

....

3,714

3,629

L2785284.UP.FTS.B

,

9

.11

%

,

3/14/27

.....

2,458

2,401

L2785081.UP.FTS.B

,

9

.13

%

,

3/14/27

....

8,014

7,829

L2780310.UP.FTS.B

,

9

.24

%

,

3/14/27

....

8,209

8,019

L2780047.UP.FTS.B

,

9

.4

%

,

3/14/27

.....

12,176

11,890

L2780296.UP.FTS.B

,

9

.41

%

,

3/14/27

....

14,717

14,377

FW2782447.UP.FTS.B

,

9

.67

%

,

3/14/27

...

10,092

9,859

L2784348.UP.FTS.B

,

9

.7

%

,

3/14/27

.....

3,823

3,733

FW2783021.UP.FTS.B

,

9

.72

%

,

3/14/27

...

5,921

5,785

L2780798.UP.FTS.B

,

9

.77

%

,

3/14/27

....

4,134

4,039

L2788004.UP.FTS.B

,

9

.9

%

,

3/14/27

.....

9,204

8,992

FW2783844.UP.FTS.B

,

10

%

,

3/14/27

....

2,304

2,252

L2781395.UP.FTS.B

,

10

.07

%

,

3/14/27

....

12,500

12,225

L2789352.UP.FTS.B

,

10

.18

%

,

3/14/27

....

6,002

5,871

L2785217.UP.FTS.B

,

10

.21

%

,

3/14/27

....

12,999

12,717

FW2780436.UP.FTS.B

,

10

.28

%

,

3/14/27

..

2,728

2,666

L2785592.UP.FTS.B

,

10

.32

%

,

3/14/27

....

7,866

7,694

L2782038.UP.FTS.B

,

10

.33

%

,

3/14/27

....

23,132

22,602

FW2781353.UP.FTS.B

,

10

.54

%

,

3/14/27

..

14,849

14,510

FW2781880.UP.FTS.B

,

10

.6

%

,

3/14/27

...

9,753

9,540

L2784328.UP.FTS.B

,

10

.71

%

,

3/14/27

....

21,189

9,277

FW2784241.UP.FTS.B

,

10

.82

%

,

3/14/27

..

4,663

4,565

FW2783122.UP.FTS.B

,

10

.84

%

,

3/14/27

..

1,863

1,822

L2785568.UP.FTS.B

,

10

.89

%

,

3/14/27

....

4,987

4,878

L2785551.UP.FTS.B

,

10

.91

%

,

3/14/27

....

4,443

4,353

FW2781725.UP.FTS.B

,

11

.04

%

,

3/14/27

..

5,027

4,922

FW2786689.UP.FTS.B

,

11

.07

%

,

3/14/27

..

1,542

1,509

L2787329.UP.FTS.B

,

11

.09

%

,

3/14/27

....

1,636

1,600

L2786414.UP.FTS.B

,

11

.1

%

,

3/14/27

.....

3,038

2,972

L2785769.UP.FTS.B

,

11

.11

%

,

3/14/27

....

7,513

7,350

L2780313.UP.FTS.B

,

11

.15

%

,

3/14/27

....

23,389

22,881

L2786841.UP.FTS.B

,

11

.25

%

,

3/14/27

....

4,683

4,581

FW2784513.UP.FTS.B

,

11

.29

%

,

3/14/27

..

8,183

8,050

FW2783670.UP.FTS.B

,

11

.3

%

,

3/14/27

...

4,690

4,589

FW2787754.UP.FTS.B

,

11

.35

%

,

3/14/27

..

9,828

9,618

L2780596.UP.FTS.B

,

11

.42

%

,

3/14/27

....

5,667

5,548

L2785144.UP.FTS.B

,

11

.47

%

,

3/14/27

....

4,705

4,603

L2784105.UP.FTS.B

,

11

.55

%

,

3/14/27

....

7,052

6,900

L2789734.UP.FTS.B

,

11

.68

%

,

3/14/27

....

7,092

6,952

L2785328.UP.FTS.B

,

11

.77

%

,

3/14/27

....

3,219

3,150

L2779976.UP.FTS.B

,

11

.78

%

,

3/14/27

....

3,018

2,950

L2781320.UP.FTS.B

,

11

.83

%

,

3/14/27

....

14,250

13,943

L2782425.UP.FTS.B

,

11

.95

%

,

3/14/27

....

3,554

3,477

L2784249.UP.FTS.B

,

12

.05

%

,

3/14/27

....

16,466

16,116

L2779695.UP.FTS.B

,

12

.07

%

,

3/14/27

....

11,360

11,116

L2786241.UP.FTS.B

,

12

.07

%

,

3/14/27

....

11,833

11,578

L2781389.UP.FTS.B

,

12

.12

%

,

3/14/27

....

9,472

9,269

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

109

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2785480.UP.FTS.B

,

12

.19

%

,

3/14/27

....

$

8,447

$

8,268

L2783293.UP.FTS.B

,

12

.24

%

,

3/14/27

....

7,115

6,962

L2781089.UP.FTS.B

,

12

.27

%

,

3/14/27

....

2,515

2,461

FW2781045.UP.FTS.B

,

12

.41

%

,

3/14/27

..

3,509

3,435

L2785022.UP.FTS.B

,

12

.43

%

,

3/14/27

....

9,510

9,297

L2789283.UP.FTS.B

,

12

.43

%

,

3/14/27

....

9,720

9,515

L2782955.UP.FTS.B

,

12

.51

%

,

3/14/27

....

7,617

7,454

L2784478.UP.FTS.B

,

12

.55

%

,

3/14/27

....

1,367

1,343

L2782900.UP.FTS.B

,

12

.63

%

,

3/14/27

....

5,619

5,501

L2785749.UP.FTS.B

,

12

.65

%

,

3/14/27

....

7,153

7,000

FW2785256.UP.FTS.B

,

12

.69

%

,

3/14/27

..

22,824

10,630

FW2786124.UP.FTS.B

,

12

.69

%

,

3/14/27

..

4,534

4,437

L2784017.UP.FTS.B

,

12

.7

%

,

3/14/27

....

1,157

1,133

L2783427.UP.FTS.B

,

12

.77

%

,

3/14/27

....

3,392

3,319

L2779872.UP.FTS.B

,

12

.82

%

,

3/14/27

....

893

874

L2780197.UP.FTS.B

,

12

.84

%

,

3/14/27

....

7,170

7,017

FW2784873.UP.FTS.B

,

12

.88

%

,

3/14/27

..

7,013

6,870

FW2780429.UP.FTS.B

,

12

.96

%

,

3/14/27

..

3,044

2,981

L2757291.UP.FTS.B

,

12

.97

%

,

3/14/27

....

1,916

1,877

L2781348.UP.FTS.B

,

12

.98

%

,

3/14/27

....

7,375

7,218

L2789648.UP.FTS.B

,

12

.99

%

,

3/14/27

....

2,873

2,812

L2785427.UP.FTS.B

,

13

.01

%

,

3/14/27

....

1,185

1,160

L2786071.UP.FTS.B

,

13

.02

%

,

3/14/27

....

3,063

2,999

L2785265.UP.FTS.B

,

13

.07

%

,

3/14/27

....

2,062

2,018

L2789482.UP.FTS.B

,

13

.14

%

,

3/14/27

....

9,118

8,924

L2789300.UP.FTS.B

,

13

.2

%

,

3/14/27

....

6,193

6,063

L2783463.UP.FTS.B

,

13

.21

%

,

3/14/27

....

5,139

5,025

L2785549.UP.FTS.B

,

13

.25

%

,

3/14/27

....

3,181

3,115

L2785339.UP.FTS.B

,

13

.26

%

,

3/14/27

....

6,246

6,114

FW2775855.UP.FTS.B

,

13

.32

%

,

3/14/27

..

24,009

23,506

L2789460.UP.FTS.B

,

13

.33

%

,

3/14/27

....

8,686

8,502

FW2785848.UP.FTS.B

,

13

.4

%

,

3/14/27

...

6,124

5,994

FW2787165.UP.FTS.B

,

13

.47

%

,

3/14/27

..

4,802

4,701

FW2789036.UP.FTS.B

,

13

.51

%

,

3/14/27

..

12,293

12,033

L2785005.UP.FTS.B

,

13

.54

%

,

3/14/27

....

7,233

7,080

L2778983.UP.FTS.B

,

13

.58

%

,

3/14/27

....

4,630

4,532

FW2785775.UP.FTS.B

,

13

.59

%

,

3/14/27

..

11,392

11,154

L2785594.UP.FTS.B

,

13

.62

%

,

3/14/27

....

1,834

1,795

L2782918.UP.FTS.B

,

13

.85

%

,

3/14/27

....

2,227

2,180

FW2783338.UP.FTS.B

,

13

.88

%

,

3/14/27

..

7,780

7,616

L2776854.UP.FTS.B

,

13

.89

%

,

3/14/27

....

12,214

11,957

L2780968.UP.FTS.B

,

13

.89

%

,

3/14/27

....

3,608

3,533

L2787639.UP.FTS.B

,

13

.93

%

,

3/14/27

....

3,102

3,037

FW2781533.UP.FTS.B

,

13

.96

%

,

3/14/27

..

12,362

12,102

L2785675.UP.FTS.B

,

14

.06

%

,

3/14/27

....

3,346

3,277

L2780420.UP.FTS.B

,

14

.17

%

,

3/14/27

....

5,778

5,658

FW2784641.UP.FTS.B

,

14

.18

%

,

3/14/27

..

7,310

7,161

FW2789366.UP.FTS.B

,

14

.19

%

,

3/14/27

..

24,309

23,800

L2783211.UP.FTS.B

,

14

.21

%

,

3/14/27

....

14,619

14,313

FW2788869.UP.FTS.B

,

14

.25

%

,

3/14/27

..

3,601

3,526

L2787570.UP.FTS.B

,

14

.25

%

,

3/14/27

....

1,509

1,480

L2782210.UP.FTS.B

,

14

.35

%

,

3/14/27

....

2,436

2,385

FW2787191.UP.FTS.B

,

14

.4

%

,

3/14/27

...

14,881

14,570

FW2783492.UP.FTS.B

,

14

.41

%

,

3/14/27

..

7,315

7,162

L2782049.UP.FTS.B

,

14

.43

%

,

3/14/27

....

6,902

6,757

L2783057.UP.FTS.B

,

14

.44

%

,

3/14/27

....

12,337

12,088

L2779895.UP.FTS.B

,

14

.52

%

,

3/14/27

....

4,846

4,756

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2787542.UP.FTS.B

,

14

.57

%

,

3/14/27

....

$

4,218

$

4,137

L2779917.UP.FTS.B

,

14

.65

%

,

3/14/27

....

5,134

5,027

FW2790537.UP.FTS.B

,

14

.66

%

,

3/14/27

..

12,225

11,970

FW2787310.UP.FTS.B

,

14

.7

%

,

3/14/27

...

486

476

L2785114.UP.FTS.B

,

14

.72

%

,

3/14/27

....

5,869

5,747

L2785570.UP.FTS.B

,

14

.73

%

,

3/14/27

....

19,580

19,172

L2784692.UP.FTS.B

,

14

.74

%

,

3/14/27

....

3,427

3,355

L2781163.UP.FTS.B

,

14

.78

%

,

3/14/27

....

3,942

3,861

L2788260.UP.FTS.B

,

14

.88

%

,

3/14/27

....

2,108

2,064

L2784500.UP.FTS.B

,

14

.95

%

,

3/14/27

....

2,620

2,566

FW2783542.UP.FTS.B

,

14

.99

%

,

3/14/27

..

16,206

15,869

L2785803.UP.FTS.B

,

15

.06

%

,

3/14/27

....

3,565

1,586

L2787981.UP.FTS.B

,

15

.07

%

,

3/14/27

....

657

646

L2790024.UP.FTS.B

,

15

.07

%

,

3/14/27

....

979

959

L2789351.UP.FTS.B

,

15

.12

%

,

3/14/27

....

7,378

7,225

FW2779319.UP.FTS.B

,

15

.17

%

,

3/14/27

..

935

924

FW2783642.UP.FTS.B

,

15

.18

%

,

3/14/27

..

1,624

1,591

L2785487.UP.FTS.B

,

15

.19

%

,

3/14/27

....

19,692

19,284

L2781288.UP.FTS.B

,

15

.2

%

,

3/14/27

....

1,477

1,447

L2782134.UP.FTS.B

,

15

.23

%

,

3/14/27

....

5,846

5,780

L2786073.UP.FTS.B

,

15

.34

%

,

3/14/27

....

20,961

20,528

FW2788688.UP.FTS.B

,

15

.38

%

,

3/14/27

..

5,358

5,247

L2781912.UP.FTS.B

,

15

.44

%

,

3/14/27

....

4,278

1,925

FW2783726.UP.FTS.B

,

15

.47

%

,

3/14/27

..

4,232

4,186

L2782475.UP.FTS.B

,

15

.49

%

,

3/14/27

....

5,722

2,586

L2787379.UP.FTS.B

,

15

.51

%

,

3/14/27

....

7,963

7,872

L2779187.UP.FTS.B

,

15

.67

%

,

3/14/27

....

12,369

12,222

FW2780435.UP.FTS.B

,

15

.71

%

,

3/14/27

..

3,002

399

L2787103.UP.FTS.B

,

15

.71

%

,

3/14/27

....

18,529

18,147

L2788269.UP.FTS.B

,

15

.76

%

,

3/14/27

....

2,627

2,573

L2785537.UP.FTS.B

,

15

.78

%

,

3/14/27

....

1,658

1,639

L2780255.UP.FTS.B

,

15

.79

%

,

3/14/27

....

21,191

20,760

L2781597.UP.FTS.B

,

15

.79

%

,

3/14/27

....

13,341

13,066

L2788017.UP.FTS.B

,

15

.83

%

,

3/14/27

....

2,829

2,797

L2786790.UP.FTS.B

,

15

.86

%

,

3/14/27

....

2,870

628

L2785504.UP.FTS.B

,

15

.88

%

,

3/14/27

....

1,224

1,211

FW2720638.UP.FTS.B

,

15

.89

%

,

3/14/27

..

10,091

9,979

FW2782452.UP.FTS.B

,

15

.89

%

,

3/14/27

..

4,969

4,867

L2779778.UP.FTS.B

,

15

.94

%

,

3/14/27

....

8,914

2,109

L2782963.UP.FTS.B

,

15

.98

%

,

3/14/27

....

3,977

3,932

L2789937.UP.FTS.B

,

15

.99

%

,

3/14/27

....

1,829

1,796

L2790390.UP.FTS.B

,

15

.99

%

,

3/14/27

....

1,988

1,947

L2781166.UP.FTS.B

,

16

.07

%

,

3/14/27

....

5,324

5,264

L2782280.UP.FTS.B

,

16

.08

%

,

3/14/27

....

6,773

6,634

L2779021.UP.FTS.B

,

16

.32

%

,

3/14/27

....

3,862

892

L2783945.UP.FTS.B

,

16

.32

%

,

3/14/27

....

5,078

4,974

L2781334.UP.FTS.B

,

16

.44

%

,

3/14/27

....

5,018

4,962

FW2787232.UP.FTS.B

,

16

.47

%

,

3/14/27

..

1,750

1,730

L2788530.UP.FTS.B

,

16

.48

%

,

3/14/27

....

12,522

12,382

L2781937.UP.FTS.B

,

16

.51

%

,

3/14/27

....

3,281

3,226

L2785787.UP.FTS.B

,

16

.51

%

,

3/14/27

....

2,405

2,357

L2788921.UP.FTS.B

,

16

.56

%

,

3/14/27

....

3,978

3,899

L2784909.UP.FTS.B

,

16

.61

%

,

3/14/27

....

2,184

2,160

FW2786140.UP.FTS.B

,

16

.66

%

,

3/14/27

..

1,205

1,190

L2781826.UP.FTS.B

,

16

.66

%

,

3/14/27

....

1,203

1,179

L2786003.UP.FTS.B

,

16

.71

%

,

3/14/27

....

1,677

1,658

L2786728.UP.FTS.B

,

16

.78

%

,

3/14/27

....

5,320

1,255

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

110

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2783630.UP.FTS.B

,

16

.79

%

,

3/14/27

....

$

13,808

$

13,654

L2790588.UP.FTS.B

,

16

.81

%

,

3/14/27

....

2,008

1,967

FW2790218.UP.FTS.B

,

16

.82

%

,

3/14/27

..

1,757

1,722

L2781471.UP.FTS.B

,

16

.84

%

,

3/14/27

....

552

541

L2790374.UP.FTS.B

,

16

.87

%

,

3/14/27

....

3,970

3,926

L2780924.UP.FTS.B

,

16

.96

%

,

3/14/27

....

3,497

3,460

L2783224.UP.FTS.B

,

16

.97

%

,

3/14/27

....

1,333

1,316

FW2781271.UP.FTS.B

,

17

.06

%

,

3/14/27

..

3,965

1,825

L2780352.UP.FTS.B

,

17

.09

%

,

3/14/27

....

5,040

4,984

FW2780002.UP.FTS.B

,

17

.17

%

,

3/14/27

..

1,518

1,501

L2788261.UP.FTS.B

,

17

.17

%

,

3/14/27

....

655

642

FW2779719.UP.FTS.B

,

17

.2

%

,

3/14/27

...

3,280

3,243

L2785657.UP.FTS.B

,

17

.24

%

,

3/14/27

....

2,222

2,198

L2783179.UP.FTS.B

,

17

.39

%

,

3/14/27

....

4,551

4,470

L2785862.UP.FTS.B

,

17

.44

%

,

3/14/27

....

20,234

19,826

FW2781874.UP.FTS.B

,

17

.45

%

,

3/14/27

..

506

501

L2789286.UP.FTS.B

,

17

.58

%

,

3/14/27

....

4,842

2,196

FW2783200.UP.FTS.B

,

17

.6

%

,

3/14/27

...

7,068

6,993

L2780580.UP.FTS.B

,

17

.7

%

,

3/14/27

....

1,766

1,747

L2785162.UP.FTS.B

,

17

.72

%

,

3/14/27

....

11,113

2,646

FW2784396.UP.FTS.B

,

17

.89

%

,

3/14/27

..

1,984

1,948

FW2779862.UP.FTS.B

,

17

.93

%

,

3/14/27

..

509

503

L2785495.UP.FTS.B

,

17

.96

%

,

3/14/27

....

1,884

1,864

FW2781007.UP.FTS.B

,

18

.03

%

,

3/14/27

..

4,399

4,349

L2780829.UP.FTS.B

,

18

.05

%

,

3/14/27

....

4,892

4,838

FW2781770.UP.FTS.B

,

18

.09

%

,

3/14/27

..

1,646

1,614

L2785717.UP.FTS.B

,

18

.12

%

,

3/14/27

....

8,160

8,016

FW2771881.UP.FTS.B

,

18

.18

%

,

3/14/27

..

2,552

2,507

L2762731.UP.FTS.B

,

18

.21

%

,

3/14/27

....

3,319

3,253

L2785773.UP.FTS.B

,

18

.25

%

,

3/14/27

....

6,902

6,828

L2784355.UP.FTS.B

,

18

.3

%

,

3/14/27

....

1,585

1,567

L2781131.UP.FTS.B

,

18

.34

%

,

3/14/27

....

5,368

5,261

L2781963.UP.FTS.B

,

18

.43

%

,

3/14/27

....

5,580

5,481

L2789078.UP.FTS.B

,

18

.45

%

,

3/14/27

....

1,999

1,964

FW2786891.UP.FTS.B

,

18

.46

%

,

3/14/27

..

347

25

FW2788462.UP.FTS.B

,

18

.48

%

,

3/14/27

..

5,143

5,053

FW2780658.UP.FTS.B

,

18

.49

%

,

3/14/27

..

7,521

7,441

L2761321.UP.FTS.B

,

18

.5

%

,

3/14/27

....

1,438

1,412

L2779732.UP.FTS.B

,

18

.53

%

,

3/14/27

....

5,278

5,185

L2788795.UP.FTS.B

,

18

.58

%

,

3/14/27

....

5,129

5,035

L2789629.UP.FTS.B

,

18

.6

%

,

3/14/27

....

2,820

2,771

L2780206.UP.FTS.B

,

18

.66

%

,

3/14/27

....

5,134

5,043

L2789624.UP.FTS.B

,

18

.67

%

,

3/14/27

....

8,214

8,126

L2783944.UP.FTS.B

,

18

.73

%

,

3/14/27

....

5,051

4,962

FW2784433.UP.FTS.B

,

18

.76

%

,

3/14/27

..

3,512

3,475

L2783654.UP.FTS.B

,

18

.81

%

,

3/14/27

....

6,756

6,638

L2784627.UP.FTS.B

,

18

.83

%

,

3/14/27

....

4,777

4,725

L2782107.UP.FTS.B

,

18

.88

%

,

3/14/27

....

5,661

5,561

L2782929.UP.FTS.B

,

18

.95

%

,

3/14/27

....

361

356

L2779673.UP.FTS.B

,

19

.08

%

,

3/14/27

....

3,353

3,294

L2785730.UP.FTS.B

,

19

.13

%

,

3/14/27

....

12,870

12,619

FW2754559.UP.FTS.B

,

19

.14

%

,

3/14/27

..

12,905

12,767

FW2787713.UP.FTS.B

,

19

.15

%

,

3/14/27

..

4,037

3,992

L2783530.UP.FTS.B

,

19

.22

%

,

3/14/27

....

2,819

402

FW2779984.UP.FTS.B

,

19

.29

%

,

3/14/27

..

4,060

3,989

L2779286.UP.FTS.B

,

19

.31

%

,

3/14/27

....

3,104

3,049

L2785478.UP.FTS.B

,

19

.34

%

,

3/14/27

....

25,874

25,422

L2787510.UP.FTS.B

,

19

.38

%

,

3/14/27

....

11,050

10,859

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2784108.UP.FTS.B

,

19

.4

%

,

3/14/27

....

$

11,140

$

11,023

L2784181.UP.FTS.B

,

19

.58

%

,

3/14/27

....

12,803

12,580

L2782824.UP.FTS.B

,

19

.61

%

,

3/14/27

....

5,678

5,579

FW2780425.UP.FTS.B

,

19

.66

%

,

3/14/27

..

7,789

7,706

L2780913.UP.FTS.B

,

19

.68

%

,

3/14/27

....

3,324

3,289

L2784343.UP.FTS.B

,

19

.81

%

,

3/14/27

....

2,601

2,556

L2781737.UP.FTS.B

,

19

.91

%

,

3/14/27

....

2,601

2,574

L2782045.UP.FTS.B

,

19

.92

%

,

3/14/27

....

8,162

8,080

L2782730.UP.FTS.B

,

19

.94

%

,

3/14/27

....

5,210

5,119

L2784726.UP.FTS.B

,

19

.97

%

,

3/14/27

....

8,551

8,400

L2785429.UP.FTS.B

,

20

%

,

3/14/27

......

2,259

2,220

FW2785877.UP.FTS.B

,

20

.08

%

,

3/14/27

..

2,766

2,737

L2780471.UP.FTS.B

,

20

.16

%

,

3/14/27

....

3,134

3,080

L2785428.UP.FTS.B

,

20

.21

%

,

3/14/27

....

2,095

2,073

L2779074.UP.FTS.B

,

20

.27

%

,

3/14/27

....

3,023

1,482

L2782852.UP.FTS.B

,

20

.32

%

,

3/14/27

....

576

566

L2781217.UP.FTS.B

,

20

.42

%

,

3/14/27

....

6,690

6,570

L2782942.UP.FTS.B

,

20

.56

%

,

3/14/27

....

5,584

5,489

FW2785996.UP.FTS.B

,

20

.67

%

,

3/14/27

..

2,837

2,788

FW2781564.UP.FTS.B

,

20

.75

%

,

3/14/27

..

1,705

1,676

FW2785244.UP.FTS.B

,

20

.75

%

,

3/14/27

..

3,979

3,911

FW2780653.UP.FTS.B

,

20

.84

%

,

3/14/27

..

5,637

5,541

L2786023.UP.FTS.B

,

20

.84

%

,

3/14/27

....

3,685

3,621

L2786517.UP.FTS.B

,

20

.9

%

,

3/14/27

....

8,249

8,109

L2790205.UP.FTS.B

,

20

.92

%

,

3/14/27

....

896

880

L2780447.UP.FTS.B

,

21

.03

%

,

3/14/27

....

1,952

1,932

FW2783376.UP.FTS.B

,

21

.04

%

,

3/14/27

..

1,897

1,865

L2783728.UP.FTS.B

,

21

.18

%

,

3/14/27

....

1,744

1,714

L2778435.UP.FTS.B

,

21

.2

%

,

3/14/27

....

1,323

36

FW2783359.UP.FTS.B

,

21

.23

%

,

3/14/27

..

8,988

8,835

FW2780777.UP.FTS.B

,

21

.29

%

,

3/14/27

..

1,729

1,700

L2780757.UP.FTS.B

,

21

.34

%

,

3/14/27

....

989

144

FW2781871.UP.FTS.B

,

21

.39

%

,

3/14/27

..

6,750

951

L2783471.UP.FTS.B

,

21

.41

%

,

3/14/27

....

5,309

5,219

L2784388.UP.FTS.B

,

21

.47

%

,

3/14/27

....

1,984

1,951

L2789869.UP.FTS.B

,

21

.53

%

,

3/14/27

....

4,085

4,016

L2790163.UP.FTS.B

,

21

.62

%

,

3/14/27

....

1,244

725

L2784140.UP.FTS.B

,

21

.67

%

,

3/14/27

....

6,411

6,302

L2782992.UP.FTS.B

,

21

.68

%

,

3/14/27

....

10,628

10,448

FW2783166.UP.FTS.B

,

21

.74

%

,

3/14/27

..

80

79

FW2782801.UP.FTS.B

,

21

.92

%

,

3/14/27

..

3,239

147

L2784561.UP.FTS.B

,

22

.05

%

,

3/14/27

....

4,614

4,535

FW2785552.UP.FTS.B

,

22

.13

%

,

3/14/27

..

5,520

399

L2785618.UP.FTS.B

,

22

.23

%

,

3/14/27

....

12,189

11,985

L2785258.UP.FTS.B

,

22

.27

%

,

3/14/27

....

15,029

14,778

L2780882.UP.FTS.B

,

22

.29

%

,

3/14/27

....

4,925

4,843

L2784609.UP.FTS.B

,

22

.31

%

,

3/14/27

....

3,434

3,399

L2780097.UP.FTS.B

,

22

.4

%

,

3/14/27

....

3,074

3,022

L2781968.UP.FTS.B

,

22

.4

%

,

3/14/27

....

5,357

5,267

L2780470.UP.FTS.B

,

22

.46

%

,

3/14/27

....

2,694

2,649

L2784446.UP.FTS.B

,

22

.46

%

,

3/14/27

....

2,400

2,377

L2786010.UP.FTS.B

,

22

.55

%

,

3/14/27

....

408

403

FW2790759.UP.FTS.B

,

22

.58

%

,

3/14/27

..

5,209

5,123

L2787644.UP.FTS.B

,

22

.58

%

,

3/14/27

....

11,810

11,692

FW2784227.UP.FTS.B

,

22

.62

%

,

3/14/27

..

2,064

2,030

FW2777044.UP.FTS.B

,

22

.81

%

,

3/14/27

..

1,008

74

L2781656.UP.FTS.B

,

22

.82

%

,

3/14/27

....

2,904

2,855

L2785473.UP.FTS.B

,

22

.94

%

,

3/14/27

....

5,016

4,932

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

111

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2782255.UP.FTS.B

,

22

.97

%

,

3/14/27

..

$

4,931

$

4,848

FW2784934.UP.FTS.B

,

23

%

,

3/14/27

....

11,539

11,352

L2779888.UP.FTS.B

,

23

%

,

3/14/27

......

6,848

500

L2780183.UP.FTS.B

,

23

.06

%

,

3/14/27

....

4,270

4,199

L2784662.UP.FTS.B

,

23

.09

%

,

3/14/27

....

2,645

2,602

L2784336.UP.FTS.B

,

23

.23

%

,

3/14/27

....

6,486

6,380

L2784879.UP.FTS.B

,

23

.27

%

,

3/14/27

....

15,267

15,018

L2760019.UP.FTS.B

,

23

.32

%

,

3/14/27

....

1,376

1,353

FW2784660.UP.FTS.B

,

23

.39

%

,

3/14/27

..

6,869

6,758

L2782909.UP.FTS.B

,

23

.52

%

,

3/14/27

....

2,392

2,353

L2785861.UP.FTS.B

,

23

.55

%

,

3/14/27

....

954

938

L2781260.UP.FTS.B

,

23

.57

%

,

3/14/27

....

315

310

FW2784430.UP.FTS.B

,

23

.6

%

,

3/14/27

...

4,891

352

L2785160.UP.FTS.B

,

23

.61

%

,

3/14/27

....

2,369

2,330

FW2780693.UP.FTS.B

,

23

.64

%

,

3/14/27

..

922

907

L2780981.UP.FTS.B

,

23

.73

%

,

3/14/27

....

1,359

1,337

FW2782598.UP.FTS.B

,

23

.76

%

,

3/14/27

..

2,405

2,367

FW2779943.UP.FTS.B

,

23

.77

%

,

3/14/27

..

1,719

1,691

L2777367.UP.FTS.B

,

23

.84

%

,

3/14/27

....

4,736

4,659

L2755133.UP.FTS.B

,

23

.9

%

,

3/14/27

....

5,937

5,842

L2782516.UP.FTS.B

,

23

.94

%

,

3/14/27

....

4,086

4,018

FW2782245.UP.FTS.B

,

23

.97

%

,

3/14/27

..

2,071

2,038

L2785033.UP.FTS.B

,

23

.98

%

,

3/14/27

....

1,636

1,609

L2785483.UP.FTS.B

,

24

.04

%

,

3/14/27

....

13,581

13,360

FW2783257.UP.FTS.B

,

24

.06

%

,

3/14/27

..

1,675

1,647

L2785916.UP.FTS.B

,

24

.17

%

,

3/14/27

....

6,809

493

FW2785302.UP.FTS.B

,

24

.36

%

,

3/14/27

..

4,369

4,301

L2782467.UP.FTS.B

,

24

.36

%

,

3/14/27

....

9,855

9,698

FW2784019.UP.FTS.B

,

24

.41

%

,

3/14/27

..

1,783

899

L2787675.UP.FTS.B

,

24

.41

%

,

3/14/27

....

1,807

1,777

L2785189.UP.FTS.B

,

24

.51

%

,

3/14/27

....

18,856

18,557

L2780976.UP.FTS.B

,

24

.53

%

,

3/14/27

....

2,327

1,121

L2783176.UP.FTS.B

,

24

.55

%

,

3/14/27

....

2,763

2,720

FW2784794.UP.FTS.B

,

24

.59

%

,

3/14/27

..

2,196

2,161

L2789217.UP.FTS.B

,

24

.59

%

,

3/14/27

....

3,342

3,290

FW2786154.UP.FTS.B

,

24

.69

%

,

3/14/27

..

2,372

2,333

FW2784504.UP.FTS.B

,

24

.71

%

,

3/14/27

..

2,418

2,380

L2763354.UP.FTS.B

,

24

.72

%

,

3/14/27

....

5,437

5,349

FW2789200.UP.FTS.B

,

24

.76

%

,

3/14/27

..

5,498

5,412

L2782914.UP.FTS.B

,

24

.81

%

,

3/14/27

....

2,949

2,901

L2782406.UP.FTS.B

,

24

.86

%

,

3/14/27

....

826

813

FW2785579.UP.FTS.B

,

24

.87

%

,

3/14/27

..

845

832

L2780171.UP.FTS.B

,

24

.87

%

,

3/14/27

....

315

109

L2780108.UP.FTS.B

,

24

.9

%

,

3/14/27

....

646

635

FW2787364.UP.FTS.B

,

24

.92

%

,

3/14/27

..

3,030

2,982

FW2781259.UP.FTS.B

,

24

.94

%

,

3/14/27

..

597

587

FW2789180.UP.FTS.B

,

24

.98

%

,

3/14/27

..

2,363

2,325

L2762807.UP.FTS.B

,

25

.04

%

,

3/14/27

....

803

393

L2782211.UP.FTS.B

,

25

.12

%

,

3/14/27

....

2,227

2,192

FW2786218.UP.FTS.B

,

25

.14

%

,

3/14/27

..

4,470

4,400

FW2779775.UP.FTS.B

,

25

.16

%

,

3/14/27

..

1,933

1,903

FW2780910.UP.FTS.B

,

25

.16

%

,

3/14/27

..

4,014

3,950

FW2783634.UP.FTS.B

,

25

.18

%

,

3/14/27

..

4,287

4,219

FW2784381.UP.FTS.B

,

25

.18

%

,

3/14/27

..

720

708

FW2782493.UP.FTS.B

,

25

.19

%

,

3/14/27

..

1,218

1,199

L2783409.UP.FTS.B

,

25

.19

%

,

3/14/27

....

2,954

2,906

L2785715.UP.FTS.B

,

25

.22

%

,

3/14/27

....

826

813

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2785508.UP.FTS.B

,

25

.24

%

,

3/14/27

....

$

1,547

$

1,523

L2785846.UP.FTS.B

,

25

.26

%

,

3/14/27

....

7,462

7,345

L2781929.UP.FTS.B

,

25

.3

%

,

3/14/27

....

909

895

L2781289.UP.FTS.B

,

25

.32

%

,

3/14/27

....

6,636

6,533

L2786994.UP.FTS.B

,

25

.32

%

,

3/14/27

....

2,602

2,561

L2786111.UP.FTS.B

,

25

.33

%

,

3/14/27

....

607

597

L2783030.UP.FTS.B

,

25

.34

%

,

3/14/27

....

6,391

6,289

L2785122.UP.FTS.B

,

25

.34

%

,

3/14/27

....

941

926

L2779712.UP.FTS.B

,

25

.35

%

,

3/14/27

....

1,335

1,315

L2783282.UP.FTS.B

,

25

.35

%

,

3/14/27

....

871

857

L2758245.UP.FTS.B

,

25

.36

%

,

3/14/27

....

3,050

2,999

L2779717.UP.FTS.B

,

25

.38

%

,

3/14/27

....

1,020

74

L2786791.UP.FTS.B

,

25

.38

%

,

3/14/27

....

565

556

L2787407.UP.FTS.B

,

25

.38

%

,

3/14/27

....

2,297

165

L2780613.UP.FTS.B

,

25

.39

%

,

3/14/27

....

3,652

3,595

L2780553.UP.FTS.B

,

25

.41

%

,

3/14/27

....

830

817

L2784514.UP.FTS.B

,

25

.41

%

,

3/14/27

....

775

763

L2782792.UP.FTS.B

,

25

.44

%

,

3/14/27

....

3,156

3,107

L2785196.UP.FTS.B

,

25

.44

%

,

3/14/27

....

1,509

1,486

L2789729.UP.FTS.B

,

25

.45

%

,

3/14/27

....

664

654

L2775042.UP.FTS.B

,

25

.46

%

,

3/14/27

....

593

584

L2780947.UP.FTS.B

,

25

.46

%

,

3/14/27

....

2,879

2,832

L2781236.UP.FTS.B

,

25

.46

%

,

3/14/27

....

997

981

FW2785945.UP.FTS.B

,

25

.48

%

,

3/14/27

..

1,412

1,389

L2781099.UP.FTS.B

,

25

.49

%

,

3/14/27

....

1,108

1,091

L2783689.UP.FTS.B

,

25

.5

%

,

3/14/27

....

5,359

5,273

L2783570.UP.FTS.B

,

25

.53

%

,

3/14/27

....

2,168

2,134

L2782017.UP.FTS.B

,

25

.54

%

,

3/14/27

....

1,216

574

FW2784612.UP.FTS.B

,

25

.59

%

,

3/14/27

..

25,267

12,188

FW2785182.UP.FTS.B

,

25

.6

%

,

3/14/27

...

19,189

18,892

FW2788301.UP.FTS.B

,

25

.6

%

,

3/14/27

...

3,062

3,014

L2779594.UP.FTS.B

,

25

.6

%

,

3/14/27

....

1,999

1,968

L2783555.UP.FTS.B

,

25

.63

%

,

3/14/27

....

1,680

1,653

L2779605.UP.FTS.B

,

25

.67

%

,

3/14/27

....

943

929

FW2783690.UP.FTS.B

,

25

.69

%

,

3/14/27

..

5,971

5,878

FW2787434.UP.FTS.B

,

25

.69

%

,

3/14/27

..

2,221

2,186

FW2779444.UP.FTS.B

,

25

.73

%

,

3/14/27

..

2,778

2,735

FW2787230.UP.FTS.B

,

25

.75

%

,

3/14/27

..

4,167

4,102

FW2789673.UP.FTS.B

,

25

.81

%

,

3/14/27

..

2,747

40

FW2785698.UP.FTS.B

,

25

.86

%

,

3/14/27

..

6,679

6,577

L2780008.UP.FTS.B

,

25

.87

%

,

3/14/27

....

3,507

3,453

L2781526.UP.FTS.B

,

25

.87

%

,

3/14/27

....

3,003

2,957

L2780080.UP.FTS.B

,

25

.88

%

,

3/14/27

....

5,283

5,202

L2781244.UP.FTS.B

,

25

.96

%

,

3/14/27

....

4,238

2,069

L2786958.UP.FTS.B

,

25

.96

%

,

3/14/27

....

3,814

54

L2780995.UP.FTS.B

,

25

.98

%

,

3/14/27

....

8,025

3,915

FW2789885.UP.FTS.B

,

26

.1

%

,

3/14/27

...

4,922

4,848

L2789391.UP.FTS.B

,

26

.18

%

,

3/14/27

....

1,032

1,015

L2787642.UP.FTS.B

,

26

.29

%

,

3/14/27

....

1,509

1,486

FW2786626.UP.FTS.B

,

26

.35

%

,

3/14/27

..

1,257

1,238

FW2781613.UP.FTS.B

,

26

.4

%

,

3/14/27

...

1,889

1,860

FW2788390.UP.FTS.B

,

26

.61

%

,

3/14/27

..

1,653

1,628

FW2782433.UP.FTS.B

,

26

.73

%

,

3/14/27

..

3,031

2,985

FW2784337.UP.FTS.B

,

26

.73

%

,

3/14/27

..

3,675

1,841

FW2782583.UP.FTS.B

,

26

.76

%

,

3/14/27

..

2,741

2,699

FW2781134.UP.FTS.B

,

26

.83

%

,

3/14/27

..

2,932

2,886

FW2785449.UP.FTS.B

,

27

.1

%

,

3/14/27

...

5,635

5,551

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

112

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2785546.UP.FTS.B

,

27

.15

%

,

3/14/27

..

$

2,763

$

2,722

FW2789041.UP.FTS.B

,

27

.27

%

,

3/14/27

..

2,934

2,888

FW2782365.UP.FTS.B

,

27

.34

%

,

3/14/27

..

2,325

2,289

FW2788518.UP.FTS.B

,

27

.34

%

,

3/14/27

..

2,612

2,572

L2782849.UP.FTS.B

,

27

.38

%

,

3/14/27

....

3,116

223

FW2781329.UP.FTS.B

,

27

.46

%

,

3/14/27

..

1,414

1,393

FW2780427.UP.FTS.B

,

27

.49

%

,

3/14/27

..

1,697

1,672

FW2780043.UP.FTS.B

,

27

.53

%

,

3/14/27

..

650

640

FW2784987.UP.FTS.B

,

27

.75

%

,

3/14/27

..

9,487

4,672

FW2782891.UP.FTS.B

,

27

.85

%

,

3/14/27

..

5,502

5,426

FW2784087.UP.FTS.B

,

27

.99

%

,

3/14/27

..

1,734

1,709

FW2783828.UP.FTS.B

,

28

%

,

3/14/27

....

4,831

1,212

FW2786129.UP.FTS.B

,

28

%

,

3/14/27

....

2,791

2,749

FW2785385.UP.FTS.B

,

28

.06

%

,

3/14/27

..

4,408

4,345

FW2789642.UP.FTS.B

,

28

.34

%

,

3/14/27

..

6,110

1,514

FW2781108.UP.FTS.B

,

28

.46

%

,

3/14/27

..

2,083

2,052

FW2781674.UP.FTS.B

,

28

.51

%

,

3/14/27

..

3,716

3,662

FW2785517.UP.FTS.B

,

28

.82

%

,

3/14/27

..

16,500

1,187

FW2780172.UP.FTS.B

,

28

.83

%

,

3/14/27

..

1,147

1,131

FW2787416.UP.FTS.B

,

28

.94

%

,

3/14/27

..

895

64

FW2779355.UP.FTS.B

,

29

.22

%

,

3/14/27

..

3,379

3,332

FW2781786.UP.FTS.B

,

29

.22

%

,

3/14/27

..

1,164

565

FW2784027.UP.FTS.B

,

29

.23

%

,

3/14/27

..

8,759

8,632

FW2781563.UP.FTS.B

,

29

.25

%

,

3/14/27

..

576

568

FW2785470.UP.FTS.B

,

29

.28

%

,

3/14/27

..

5,301

5,226

FW2779974.UP.FTS.B

,

29

.47

%

,

3/14/27

..

2,251

2,219

FW2779230.UP.FTS.B

,

29

.54

%

,

3/14/27

..

5,775

5,694

FW2785701.UP.FTS.B

,

29

.6

%

,

3/14/27

...

1,214

1,197

FW2780605.UP.FTS.B

,

29

.61

%

,

3/14/27

..

579

570

FW2783287.UP.FTS.B

,

29

.91

%

,

3/14/27

..

2,887

2,846

FW2789655.UP.FTS.B

,

29

.98

%

,

3/14/27

..

9,324

4,512

FW2789631.UP.FTS.B

,

30

.08

%

,

3/14/27

..

2,703

2,666

FW2788950.UP.FTS.B

,

30

.14

%

,

3/14/27

..

6,609

6,513

FW2782935.UP.FTS.B

,

30

.31

%

,

3/14/27

..

4,539

4,475

FW2783523.UP.FTS.B

,

30

.41

%

,

3/14/27

..

2,402

2,366

FW2790314.UP.FTS.B

,

30

.48

%

,

3/14/27

..

6,260

6,175

FW2780158.UP.FTS.B

,

30

.52

%

,

3/14/27

..

1,028

1,014

FW2780499.UP.FTS.B

,

30

.57

%

,

3/14/27

..

1,002

989

FW2781411.UP.FTS.B

,

30

.59

%

,

3/14/27

..

33

32

FW2789252.UP.FTS.B

,

30

.65

%

,

3/14/27

..

11,678

11,519

FW2785351.UP.FTS.B

,

30

.67

%

,

3/14/27

..

934

922

FW2780952.UP.FTS.B

,

30

.68

%

,

3/14/27

..

584

576

FW2787603.UP.FTS.B

,

30

.68

%

,

3/14/27

..

614

605

FW2785631.UP.FTS.B

,

30

.69

%

,

3/14/27

..

1,397

99

FW2783504.UP.FTS.B

,

30

.73

%

,

3/14/27

..

2,099

1,027

FW2783660.UP.FTS.B

,

30

.79

%

,

3/14/27

..

1,520

1,500

FW2779868.UP.FTS.B

,

30

.84

%

,

3/14/27

..

1,029

73

FW2784190.UP.FTS.B

,

30

.84

%

,

3/14/27

..

861

849

FW2790078.UP.FTS.B

,

30

.9

%

,

3/14/27

...

1,649

1,627

FW2783182.UP.FTS.B

,

30

.92

%

,

3/14/27

..

702

693

FW2790293.UP.FTS.B

,

30

.94

%

,

3/14/27

..

1,582

1,560

FW2783246.UP.FTS.B

,

30

.95

%

,

3/14/27

..

906

449

FW2786330.UP.FTS.B

,

30

.97

%

,

3/14/27

..

11,246

11,093

FW2783531.UP.FTS.B

,

30

.98

%

,

3/14/27

..

5,759

5,676

FW2784675.UP.FTS.B

,

30

.98

%

,

3/14/27

..

1,238

1,222

FW2786195.UP.FTS.B

,

30

.98

%

,

3/14/27

..

746

183

FW2782332.UP.FTS.B

,

30

.99

%

,

3/14/27

..

787

775

FW2787448.UP.FTS.B

,

31

.05

%

,

3/14/27

..

762

752

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2790081.UP.FTS.B

,

31

.07

%

,

3/14/27

..

$

762

$

752

FW2785866.UP.FTS.B

,

31

.08

%

,

3/14/27

..

704

695

FW2787532.UP.FTS.B

,

31

.09

%

,

3/14/27

..

661

652

FW2788870.UP.FTS.B

,

31

.1

%

,

3/14/27

...

3,424

3,376

FW2785064.UP.FTS.B

,

31

.11

%

,

3/14/27

..

765

114

FW2781136.UP.FTS.B

,

31

.12

%

,

3/14/27

..

2,231

2,201

FW2789294.UP.FTS.B

,

31

.12

%

,

3/14/27

..

2,674

2,637

FW2781681.UP.FTS.B

,

31

.14

%

,

3/14/27

..

689

679

FW2787239.UP.FTS.B

,

31

.14

%

,

3/14/27

..

2,701

2,664

FW2787162.UP.FTS.B

,

31

.15

%

,

3/14/27

..

1,996

1,970

FW2780763.UP.FTS.B

,

31

.16

%

,

3/14/27

..

1,056

1,042

FW2782023.UP.FTS.B

,

31

.19

%

,

3/14/27

..

1,360

–

FW2781077.UP.FTS.B

,

31

.22

%

,

3/14/27

..

646

637

FW2783270.UP.FTS.B

,

31

.23

%

,

3/14/27

..

12,143

11,992

FW2783300.UP.FTS.B

,

31

.25

%

,

3/14/27

..

1,559

387

FW2779996.UP.FTS.B

,

31

.38

%

,

3/14/27

..

2,007

1,980

FW2784473.UP.FTS.B

,

31

.45

%

,

3/14/27

..

1,620

807

FW2781466.UP.FTS.B

,

31

.46

%

,

3/14/27

..

1,023

1,010

FW2784706.UP.FTS.B

,

31

.51

%

,

3/14/27

..

2,915

2,877

FW2780027.UP.FTS.B

,

31

.52

%

,

3/14/27

..

1,770

1,746

FW2780093.UP.FTS.B

,

31

.72

%

,

3/14/27

..

1,538

1,518

FW2781775.UP.FTS.B

,

31

.79

%

,

3/14/27

..

1,354

1,332

FW2785751.UP.FTS.B

,

31

.86

%

,

3/14/27

..

1,181

1,166

FW2780155.UP.FTS.B

,

31

.91

%

,

3/14/27

..

1,478

1,459

L2783467.UP.FTS.B

,

14

.77

%

,

3/15/27

....

5,505

3,408

L2773530.UP.FTS.B

,

21

.6

%

,

3/15/27

....

4,775

4,695

FW2788570.UP.FTS.B

,

30

.2

%

,

3/15/27

...

4,969

3,281

L2781494.UP.FTS.B

,

6

.32

%

,

3/17/27

....

5,167

4,998

L2786162.UP.FTS.B

,

15

.01

%

,

3/17/27

....

14,752

14,450

L2780204.UP.FTS.B

,

20

.34

%

,

3/17/27

....

5,219

5,129

FW2788471.UP.FTS.B

,

31

.09

%

,

3/19/27

..

1,273

1,254

L2783095.UP.FTS.B

,

14

.33

%

,

3/20/27

....

1,316

1,289

L2788995.UP.FTS.B

,

15

.39

%

,

3/20/27

....

1,631

1,613

L2784421.UP.FTS.B

,

22

.65

%

,

3/20/27

....

12,383

12,177

L2785417.UP.FTS.B

,

23

.7

%

,

3/20/27

....

1,146

1,127

FW2789463.UP.FTS.B

,

25

.89

%

,

3/20/27

..

4,856

4,782

FW2781187.UP.FTS.B

,

27

.42

%

,

3/20/27

..

1,582

1,558

L2784962.UP.FTS.B

,

9

.82

%

,

3/21/27

....

13,796

13,473

FW2781024.UP.FTS.B

,

15

.1

%

,

3/21/27

...

2,843

2,785

FW2783063.UP.FTS.B

,

21

.08

%

,

3/21/27

..

5,326

5,236

L2785874.UP.FTS.B

,

24

.08

%

,

3/21/27

....

4,888

4,810

FW1893730.UP.FTS.B

,

26

.84

%

,

3/21/27

..

5,341

3,496

L2789596.UP.FTS.B

,

19

.71

%

,

3/22/27

....

2,925

2,894

FW2789132.UP.FTS.B

,

21

%

,

3/23/27

....

4,710

3,020

L2783023.UP.FTS.B

,

22

.68

%

,

3/23/27

....

3,542

3,482

FW2785547.UP.FTS.B

,

21

.71

%

,

3/24/27

..

4,695

640

FW2786929.UP.FTS.B

,

30

.3

%

,

3/24/27

...

5,764

5,684

L2784724.UP.FTS.B

,

14

.06

%

,

3/26/27

....

12,541

12,286

FW2789245.UP.FTS.B

,

16

.05

%

,

3/28/27

..

4,526

4,477

FW2787024.UP.FTS.B

,

19

%

,

3/28/27

....

25,943

25,497

FW2784959.UP.FTS.B

,

22

.93

%

,

3/28/27

..

5,807

5,713

FW2787432.UP.FTS.B

,

24

.27

%

,

3/28/27

..

12,120

1,781

FW2785903.UP.FTS.B

,

25

.2

%

,

3/28/27

...

5,102

5,026

FW2781941.UP.FTS.B

,

30

.87

%

,

3/28/27

..

1,056

1,042

L2016549.UP.FTS.B

,

14

.78

%

,

4/10/27

....

2,813

2,740

FW2011916.UP.FTS.B

,

16

.6

%

,

4/10/27

...

1,800

1,756

FW2018016.UP.FTS.B

,

16

.76

%

,

4/10/27

..

9,739

4,459

FW2016567.UP.FTS.B

,

21

.23

%

,

4/10/27

..

3,380

3,312

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

113

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2018168.UP.FTS.B

,

21

.66

%

,

4/10/27

....

$

4,342

$

312

L2018486.UP.FTS.B

,

23

.79

%

,

4/10/27

....

12,970

–

L2018248.UP.FTS.B

,

24

.88

%

,

4/10/27

....

1,912

919

FW2016392.UP.FTS.B

,

31

.01

%

,

4/10/27

..

237

232

FW2016681.UP.FTS.B

,

31

.25

%

,

4/10/27

..

3,116

3,054

L2931144.UP.FTS.B

,

5

.51

%

,

4/11/27

.....

4,054

3,919

FW2932165.UP.FTS.B

,

5

.86

%

,

4/11/27

...

9,185

8,883

L2928632.UP.FTS.B

,

5

.88

%

,

4/11/27

.....

4,797

4,639

L2931142.UP.FTS.B

,

5

.9

%

,

4/11/27

......

6,791

6,612

L2931374.UP.FTS.B

,

7

.06

%

,

4/11/27

.....

3,236

1,355

FW2929692.UP.FTS.B

,

7

.58

%

,

4/11/27

...

6,898

457

L2928415.UP.FTS.B

,

7

.84

%

,

4/11/27

.....

16,260

15,877

L2928839.UP.FTS.B

,

7

.91

%

,

4/11/27

.....

3,702

3,615

FW2930354.UP.FTS.B

,

8

.77

%

,

4/11/27

...

9,770

9,541

L2929501.UP.FTS.B

,

8

.87

%

,

4/11/27

.....

12,618

12,317

L2929733.UP.FTS.B

,

9

.1

%

,

4/11/27

......

17,713

17,301

L2928144.UP.FTS.B

,

9

.39

%

,

4/11/27

.....

9,539

9,314

L2932211.UP.FTS.B

,

9

.68

%

,

4/11/27

.....

5,360

5,270

L2931292.UP.FTS.B

,

9

.71

%

,

4/11/27

.....

805

786

L2930583.UP.FTS.B

,

9

.81

%

,

4/11/27

.....

21,446

20,950

L2929532.UP.FTS.B

,

9

.84

%

,

4/11/27

.....

8,038

7,849

L2928694.UP.FTS.B

,

11

.02

%

,

4/11/27

....

7,792

7,616

FW2931075.UP.FTS.B

,

11

.12

%

,

4/11/27

..

6,348

6,205

FW2928380.UP.FTS.B

,

11

.34

%

,

4/11/27

..

1,846

1,805

L2929334.UP.FTS.B

,

11

.51

%

,

4/11/27

....

11,637

11,378

L2931774.UP.FTS.B

,

11

.89

%

,

4/11/27

....

6,890

6,740

L2930803.UP.FTS.B

,

11

.99

%

,

4/11/27

....

7,888

7,712

L2930792.UP.FTS.B

,

12

.29

%

,

4/11/27

....

2,459

2,404

L2932192.UP.FTS.B

,

12

.4

%

,

4/11/27

.....

14,773

14,444

L2925660.UP.FTS.B

,

12

.92

%

,

4/11/27

....

743

726

L2930302.UP.FTS.B

,

13

.11

%

,

4/11/27

....

3,676

3,595

L2929053.UP.FTS.B

,

13

.57

%

,

4/11/27

....

7,486

7,328

L2931141.UP.FTS.B

,

14

.22

%

,

4/11/27

....

4,910

4,807

L2931110.UP.FTS.B

,

14

.92

%

,

4/11/27

....

2,296

2,267

L2929671.UP.FTS.B

,

15

.08

%

,

4/11/27

....

18,071

17,725

L2928247.UP.FTS.B

,

15

.12

%

,

4/11/27

....

2,926

212

L2928237.UP.FTS.B

,

15

.14

%

,

4/11/27

....

22,038

21,567

L2930249.UP.FTS.B

,

15

.14

%

,

4/11/27

....

5,498

5,379

L2930377.UP.FTS.B

,

15

.57

%

,

4/11/27

....

9,105

8,995

L2927743.UP.FTS.B

,

15

.66

%

,

4/11/27

....

3,841

3,795

L2928701.UP.FTS.B

,

15

.72

%

,

4/11/27

....

2,356

2,307

L2928682.UP.FTS.B

,

15

.94

%

,

4/11/27

....

6,576

6,495

FW2929957.UP.FTS.B

,

16

.01

%

,

4/11/27

..

7,202

7,048

L2929608.UP.FTS.B

,

16

.07

%

,

4/11/27

....

511

505

L2932260.UP.FTS.B

,

16

.49

%

,

4/11/27

....

744

734

L2930475.UP.FTS.B

,

16

.55

%

,

4/11/27

....

3,416

3,374

L2927859.UP.FTS.B

,

16

.57

%

,

4/11/27

....

1,225

1,209

L2925173.UP.FTS.B

,

16

.58

%

,

4/11/27

....

1,360

98

FW2928717.UP.FTS.B

,

16

.97

%

,

4/11/27

..

3,901

3,853

L2920414.UP.FTS.B

,

17

.44

%

,

4/11/27

....

13,897

13,736

FW2930503.UP.FTS.B

,

17

.64

%

,

4/11/27

..

2,872

387

L2929835.UP.FTS.B

,

17

.66

%

,

4/11/27

....

5,610

5,544

L2931693.UP.FTS.B

,

17

.77

%

,

4/11/27

....

2,310

2,262

L2930203.UP.FTS.B

,

18

.11

%

,

4/11/27

....

20,426

20,013

L2929357.UP.FTS.B

,

18

.14

%

,

4/11/27

....

3,173

3,135

FW2928101.UP.FTS.B

,

18

.34

%

,

4/11/27

..

1,744

1,712

L2929573.UP.FTS.B

,

18

.4

%

,

4/11/27

.....

7,963

7,868

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2931119.UP.FTS.B

,

18

.48

%

,

4/11/27

..

$

1,958

$

1,917

L2926454.UP.FTS.B

,

19

.25

%

,

4/11/27

....

1,622

801

L2932213.UP.FTS.B

,

19

.31

%

,

4/11/27

....

4,434

4,353

L2929660.UP.FTS.B

,

19

.43

%

,

4/11/27

....

1,426

390

L2927920.UP.FTS.B

,

19

.53

%

,

4/11/27

....

8,033

7,887

L2930145.UP.FTS.B

,

19

.64

%

,

4/11/27

....

4,787

4,724

FW2928828.UP.FTS.B

,

19

.68

%

,

4/11/27

..

2,729

197

L2928959.UP.FTS.B

,

19

.94

%

,

4/11/27

....

4,314

4,236

L2929135.UP.FTS.B

,

20

.21

%

,

4/11/27

....

3,124

1,469

L2928908.UP.FTS.B

,

20

.26

%

,

4/11/27

....

540

530

L2929578.UP.FTS.B

,

20

.69

%

,

4/11/27

....

13,872

1,053

L2927893.UP.FTS.B

,

20

.88

%

,

4/11/27

....

3,588

3,523

FW2929918.UP.FTS.B

,

21

.02

%

,

4/11/27

..

354

348

FW2929809.UP.FTS.B

,

21

.08

%

,

4/11/27

..

7,080

6,952

L2928658.UP.FTS.B

,

21

.27

%

,

4/11/27

....

608

13

FW2930564.UP.FTS.B

,

21

.29

%

,

4/11/27

..

1,235

42

L2930355.UP.FTS.B

,

21

.76

%

,

4/11/27

....

2,744

2,695

L2931630.UP.FTS.B

,

22

.14

%

,

4/11/27

....

12,726

2,858

FW2930816.UP.FTS.B

,

22

.15

%

,

4/11/27

..

5,141

5,050

L2932038.UP.FTS.B

,

22

.19

%

,

4/11/27

....

2,949

683

L2929277.UP.FTS.B

,

22

.4

%

,

4/11/27

.....

5,254

5,162

L2929355.UP.FTS.B

,

22

.65

%

,

4/11/27

....

1,055

1,036

FW2928961.UP.FTS.B

,

23

.12

%

,

4/11/27

..

2,730

2,681

L2932120.UP.FTS.B

,

23

.29

%

,

4/11/27

....

2,889

2,838

L2931244.UP.FTS.B

,

23

.41

%

,

4/11/27

....

1,218

1,196

FW2928339.UP.FTS.B

,

23

.55

%

,

4/11/27

..

18,449

1,338

L2931393.UP.FTS.B

,

23

.58

%

,

4/11/27

....

3,636

3,574

FW2931916.UP.FTS.B

,

23

.85

%

,

4/11/27

..

3,367

3,310

FW2929160.UP.FTS.B

,

24

.21

%

,

4/11/27

..

607

596

L2928472.UP.FTS.B

,

24

.3

%

,

4/11/27

.....

3,187

3,131

L2930096.UP.FTS.B

,

24

.39

%

,

4/11/27

....

2,248

2,209

L2932289.UP.FTS.B

,

24

.85

%

,

4/11/27

....

1,361

1,338

L2928413.UP.FTS.B

,

25

.03

%

,

4/11/27

....

965

950

L2927825.UP.FTS.B

,

25

.04

%

,

4/11/27

....

1,286

53

L2929882.UP.FTS.B

,

25

.08

%

,

4/11/27

....

951

934

L2930146.UP.FTS.B

,

25

.16

%

,

4/11/27

....

676

665

L2930022.UP.FTS.B

,

25

.21

%

,

4/11/27

....

1,366

1,344

L2929652.UP.FTS.B

,

25

.22

%

,

4/11/27

....

3,262

235

L2928316.UP.FTS.B

,

25

.25

%

,

4/11/27

....

1,980

1,947

L2929095.UP.FTS.B

,

25

.31

%

,

4/11/27

....

1,493

340

L2931438.UP.FTS.B

,

25

.31

%

,

4/11/27

....

2,904

2,857

L2927955.UP.FTS.B

,

25

.33

%

,

4/11/27

....

303

298

L2930363.UP.FTS.B

,

25

.38

%

,

4/11/27

....

849

835

L2929249.UP.FTS.B

,

25

.41

%

,

4/11/27

....

912

897

L2928774.UP.FTS.B

,

25

.44

%

,

4/11/27

....

1,004

73

L2931011.UP.FTS.B

,

25

.45

%

,

4/11/27

....

1,002

985

L2928194.UP.FTS.B

,

25

.48

%

,

4/11/27

....

1,443

1,418

L2928800.UP.FTS.B

,

25

.5

%

,

4/11/27

.....

1,370

1,346

L2924786.UP.FTS.B

,

25

.51

%

,

4/11/27

....

3,539

3,481

L2929203.UP.FTS.B

,

25

.67

%

,

4/11/27

....

11,383

11,194

FW2931488.UP.FTS.B

,

25

.84

%

,

4/11/27

..

2,289

2,250

L2930197.UP.FTS.B

,

26

.2

%

,

4/11/27

.....

28,739

28,247

FW2928645.UP.FTS.B

,

26

.24

%

,

4/11/27

..

1,610

1,583

FW2930122.UP.FTS.B

,

26

.47

%

,

4/11/27

..

6,419

6,318

L2930852.UP.FTS.B

,

26

.51

%

,

4/11/27

....

4,212

4,140

FW2932003.UP.FTS.B

,

26

.57

%

,

4/11/27

..

6,719

6,608

FW2930544.UP.FTS.B

,

27

.01

%

,

4/11/27

..

2,897

2,851

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

114

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2930638.UP.FTS.B

,

27

.26

%

,

4/11/27

..

$

12,312

$

12,120

FW2929129.UP.FTS.B

,

27

.27

%

,

4/11/27

..

9,412

9,264

FW2928866.UP.FTS.B

,

27

.4

%

,

4/11/27

...

4,537

4,466

FW2929101.UP.FTS.B

,

27

.56

%

,

4/11/27

..

815

803

FW2928485.UP.FTS.B

,

27

.66

%

,

4/11/27

..

2,916

2,871

FW2928012.UP.FTS.B

,

28

.41

%

,

4/11/27

..

3,263

3,214

FW2929560.UP.FTS.B

,

28

.47

%

,

4/11/27

..

18,887

8,909

FW2929635.UP.FTS.B

,

30

.45

%

,

4/11/27

..

660

650

FW2930995.UP.FTS.B

,

30

.73

%

,

4/11/27

..

1,562

1,539

FW2925607.UP.FTS.B

,

30

.77

%

,

4/11/27

..

1,549

839

FW2929924.UP.FTS.B

,

30

.77

%

,

4/11/27

..

801

788

FW2929033.UP.FTS.B

,

30

.91

%

,

4/11/27

..

2,808

2,765

FW2930708.UP.FTS.B

,

30

.94

%

,

4/11/27

..

662

652

FW2931261.UP.FTS.B

,

30

.94

%

,

4/11/27

..

2,106

2,076

FW2931670.UP.FTS.B

,

31

.06

%

,

4/11/27

..

1,521

1,498

FW2931962.UP.FTS.B

,

31

.16

%

,

4/11/27

..

704

693

FW2927833.UP.FTS.B

,

31

.18

%

,

4/11/27

..

905

892

FW2928577.UP.FTS.B

,

31

.19

%

,

4/11/27

..

724

713

FW2930781.UP.FTS.B

,

31

.2

%

,

4/11/27

...

791

780

FW2928856.UP.FTS.B

,

31

.24

%

,

4/11/27

..

1,630

1,607

FW2931445.UP.FTS.B

,

31

.47

%

,

4/11/27

..

3,229

231

FW2932028.UP.FTS.B

,

31

.51

%

,

4/11/27

..

7,586

7,488

FW2929182.UP.FTS.B

,

32

.25

%

,

4/11/27

..

18,169

17,917

L2934719.UP.FTS.B

,

5

.89

%

,

4/12/27

....

8,025

7,761

L2934939.UP.FTS.B

,

5

.94

%

,

4/12/27

....

5,938

5,758

L2934674.UP.FTS.B

,

5

.99

%

,

4/12/27

....

3,536

3,420

L2932966.UP.FTS.B

,

6

.09

%

,

4/12/27

....

1,051

1,018

L2934096.UP.FTS.B

,

6

.09

%

,

4/12/27

....

3,337

243

L2935839.UP.FTS.B

,

6

.13

%

,

4/12/27

....

2,725

2,635

L2933662.UP.FTS.B

,

6

.16

%

,

4/12/27

....

11,357

10,984

L2932593.UP.FTS.B

,

6

.74

%

,

4/12/27

....

3,205

3,101

L2932805.UP.FTS.B

,

7

.25

%

,

4/12/27

....

6,124

5,939

L2932516.UP.FTS.B

,

8

.41

%

,

4/12/27

....

1,678

1,643

L2933064.UP.FTS.B

,

8

.64

%

,

4/12/27

....

19,475

19,026

FW2933047.UP.FTS.B

,

9

.38

%

,

4/12/27

...

2,844

2,778

L2935039.UP.FTS.B

,

9

.98

%

,

4/12/27

....

2,525

2,484

L2935520.UP.FTS.B

,

10

.08

%

,

4/12/27

....

2,391

2,336

FW2934452.UP.FTS.B

,

10

.25

%

,

4/12/27

..

15,350

14,991

L2933292.UP.FTS.B

,

10

.46

%

,

4/12/27

....

8,274

8,101

L2934277.UP.FTS.B

,

10

.75

%

,

4/12/27

....

495

484

L2933170.UP.FTS.B

,

10

.92

%

,

4/12/27

....

11,529

11,265

FW2934988.UP.FTS.B

,

11

.01

%

,

4/12/27

..

7,645

7,475

L2935685.UP.FTS.B

,

11

.21

%

,

4/12/27

....

11,430

11,176

L2933802.UP.FTS.B

,

11

.46

%

,

4/12/27

....

14,601

14,276

L2934721.UP.FTS.B

,

13

.01

%

,

4/12/27

....

4,962

4,853

L2932728.UP.FTS.B

,

13

.07

%

,

4/12/27

....

2,664

2,606

L2932883.UP.FTS.B

,

13

.4

%

,

4/12/27

....

1,097

1,073

L2933032.UP.FTS.B

,

13

.49

%

,

4/12/27

....

9,610

9,402

FW2932832.UP.FTS.B

,

13

.69

%

,

4/12/27

..

10,705

10,472

L2934338.UP.FTS.B

,

13

.77

%

,

4/12/27

....

4,507

4,409

FW2932546.UP.FTS.B

,

13

.93

%

,

4/12/27

..

7,621

549

L2934323.UP.FTS.B

,

14

.05

%

,

4/12/27

....

1,890

1,850

FW2935078.UP.FTS.B

,

14

.1

%

,

4/12/27

...

1,628

1,593

L2934014.UP.FTS.B

,

14

.43

%

,

4/12/27

....

8,178

8,001

L2933672.UP.FTS.B

,

14

.48

%

,

4/12/27

....

855

837

FW2921409.UP.FTS.B

,

14

.51

%

,

4/12/27

..

1,534

1,502

L2933917.UP.FTS.B

,

14

.92

%

,

4/12/27

....

3,554

3,478

L2933149.UP.FTS.B

,

14

.95

%

,

4/12/27

....

3,374

465

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2934068.UP.FTS.B

,

15

.16

%

,

4/12/27

....

$

2,750

$

2,691

FW2935322.UP.FTS.B

,

15

.48

%

,

4/12/27

..

913

894

L2934951.UP.FTS.B

,

15

.65

%

,

4/12/27

....

720

705

FW2936086.UP.FTS.B

,

15

.83

%

,

4/12/27

..

2,790

2,757

L2933684.UP.FTS.B

,

15

.83

%

,

4/12/27

....

5,570

5,453

L2934824.UP.FTS.B

,

16

.29

%

,

4/12/27

....

3,507

3,466

FW2934062.UP.FTS.B

,

16

.46

%

,

4/12/27

..

5,451

5,386

L2934330.UP.FTS.B

,

17

.26

%

,

4/12/27

....

5,584

5,468

FW2928773.UP.FTS.B

,

17

.37

%

,

4/12/27

..

3,325

3,287

L2929039.UP.FTS.B

,

17

.51

%

,

4/12/27

....

2,230

2,205

FW2921340.UP.FTS.B

,

18

.08

%

,

4/12/27

..

3,467

3,423

FW2933519.UP.FTS.B

,

18

.13

%

,

4/12/27

..

5,114

5,054

L2933956.UP.FTS.B

,

18

.85

%

,

4/12/27

....

4,305

4,256

L2932813.UP.FTS.B

,

19

.07

%

,

4/12/27

....

6,926

6,801

FW2932660.UP.FTS.B

,

19

.24

%

,

4/12/27

..

12,182

12,042

FW2935930.UP.FTS.B

,

19

.97

%

,

4/12/27

..

4,628

4,576

L2934093.UP.FTS.B

,

20

.12

%

,

4/12/27

....

1,784

1,752

L2932535.UP.FTS.B

,

20

.15

%

,

4/12/27

....

4,578

683

L2934786.UP.FTS.B

,

20

.82

%

,

4/12/27

....

5,683

5,582

L2933315.UP.FTS.B

,

21

.57

%

,

4/12/27

....

3,231

3,195

L2934722.UP.FTS.B

,

21

.63

%

,

4/12/27

....

2,127

2,089

L2933448.UP.FTS.B

,

21

.75

%

,

4/12/27

....

988

970

FW2932542.UP.FTS.B

,

22

.3

%

,

4/12/27

...

9,384

9,223

L2935129.UP.FTS.B

,

22

.75

%

,

4/12/27

....

4,439

4,362

L2932952.UP.FTS.B

,

23

.13

%

,

4/12/27

....

3,023

2,971

L2933829.UP.FTS.B

,

23

.3

%

,

4/12/27

....

17,626

17,332

L2934363.UP.FTS.B

,

23

.59

%

,

4/12/27

....

4,523

2,131

L2933915.UP.FTS.B

,

23

.94

%

,

4/12/27

....

4,495

4,418

FW2933926.UP.FTS.B

,

24

.54

%

,

4/12/27

..

16,954

16,679

L2932713.UP.FTS.B

,

24

.66

%

,

4/12/27

....

9,059

8,902

FW2934105.UP.FTS.B

,

25

.03

%

,

4/12/27

..

28,392

27,937

L2934475.UP.FTS.B

,

25

.05

%

,

4/12/27

....

568

558

L2934307.UP.FTS.B

,

25

.18

%

,

4/12/27

....

910

896

L2934790.UP.FTS.B

,

25

.21

%

,

4/12/27

....

1,994

1,960

L2933613.UP.FTS.B

,

25

.31

%

,

4/12/27

....

1,452

1,430

L2934270.UP.FTS.B

,

25

.32

%

,

4/12/27

....

798

785

L2933656.UP.FTS.B

,

25

.33

%

,

4/12/27

....

1,264

1,244

L2935106.UP.FTS.B

,

25

.47

%

,

4/12/27

....

970

955

L2931662.UP.FTS.B

,

25

.5

%

,

4/12/27

....

3,960

3,898

FW2932553.UP.FTS.B

,

25

.61

%

,

4/12/27

..

1,978

131

L2935140.UP.FTS.B

,

25

.88

%

,

4/12/27

....

1,835

1,807

FW2932828.UP.FTS.B

,

26

.03

%

,

4/12/27

..

2,078

2,045

L2932763.UP.FTS.B

,

26

.08

%

,

4/12/27

....

3,052

1,456

FW2932450.UP.FTS.B

,

26

.13

%

,

4/12/27

..

1,896

1,866

L2933446.UP.FTS.B

,

26

.13

%

,

4/12/27

....

4,883

4,807

FW2934761.UP.FTS.B

,

26

.44

%

,

4/12/27

..

3,745

3,687

FW2933474.UP.FTS.B

,

27

.39

%

,

4/12/27

..

2,039

2,007

FW2932900.UP.FTS.B

,

30

.82

%

,

4/12/27

..

2,280

333

FW2932657.UP.FTS.B

,

30

.91

%

,

4/12/27

..

782

771

FW2933070.UP.FTS.B

,

30

.98

%

,

4/12/27

..

707

696

FW2935536.UP.FTS.B

,

31

.03

%

,

4/12/27

..

359

354

FW2933622.UP.FTS.B

,

31

.07

%

,

4/12/27

..

2,395

2,361

FW2932838.UP.FTS.B

,

31

.12

%

,

4/12/27

..

826

813

FW2934816.UP.FTS.B

,

31

.17

%

,

4/12/27

..

5,152

5,081

FW2932550.UP.FTS.B

,

31

.41

%

,

4/12/27

..

5,320

5,247

FW2934482.UP.FTS.B

,

31

.52

%

,

4/12/27

..

4,767

4,699

L2926179.UP.FTS.B

,

14

%

,

4/14/27

......

16,234

15,886

L2932935.UP.FTS.B

,

7

.41

%

,

4/15/27

....

9,242

8,940

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

115

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2928215.UP.FTS.B

,

17

.86

%

,

4/15/27

..

$

2,894

$

2,861

FW2782751.UP.FTS.B

,

18

.72

%

,

4/15/27

..

5,425

5,332

L2929869.UP.FTS.B

,

25

.51

%

,

4/15/27

....

4,133

298

L2933178.UP.FTS.B

,

12

.88

%

,

4/16/27

....

3,422

3,348

FW2921283.UP.FTS.B

,

27

.6

%

,

4/16/27

...

1,812

1,783

L2929271.UP.FTS.B

,

8

.07

%

,

4/19/27

....

16,801

16,256

FW2111536.UP.FTS.B

,

24

.67

%

,

4/24/27

..

5,552

5,460

L2112103.UP.FTS.B

,

24

.86

%

,

4/24/27

....

3,067

3,016

FW2110882.UP.FTS.B

,

25

.83

%

,

4/24/27

..

4,522

4,458

FW2112451.UP.FTS.B

,

30

.73

%

,

4/24/27

..

1,107

734

L2931611.UP.FTS.B

,

20

.6

%

,

4/26/27

.....

9,237

9,128

L2262094.UP.FTS.B

,

15

.17

%

,

5/16/27

....

2,612

1,584

L2266091.UP.FTS.B

,

16

.62

%

,

5/16/27

....

4,956

3,177

L2264467.UP.FTS.B

,

18

.83

%

,

5/16/27

....

14,751

14,467

L2264897.UP.FTS.B

,

22

.07

%

,

5/16/27

....

7,293

1,025

FW2262937.UP.FTS.B

,

29

.28

%

,

5/16/27

..

3,135

3,092

FW2266925.UP.FTS.B

,

31

.22

%

,

5/16/27

..

12,338

8,017

L2268700.UP.FTS.B

,

9

.56

%

,

5/17/27

....

1,999

1,944

FW2269695.UP.FTS.B

,

16

.79

%

,

5/17/27

..

5,584

57

L2267939.UP.FTS.B

,

17

.47

%

,

5/17/27

....

1,425

1,405

L2267967.UP.FTS.B

,

19

.43

%

,

5/17/27

....

10,119

9,954

L2269383.UP.FTS.B

,

23

.1

%

,

5/17/27

....

2,172

2,133

L2267445.UP.FTS.B

,

24

.36

%

,

5/17/27

....

6,794

6,671

L2269335.UP.FTS.B

,

24

.65

%

,

5/17/27

....

1,441

1,417

FW2269543.UP.FTS.B

,

24

.98

%

,

5/17/27

..

6,682

6,566

L2269566.UP.FTS.B

,

25

.42

%

,

5/17/27

....

2,649

2,604

L2267258.UP.FTS.B

,

25

.45

%

,

5/17/27

....

3,307

238

L2270069.UP.FTS.B

,

9

.27

%

,

6/01/27

....

4,175

853

L2473231.UP.FTS.B

,

11

.36

%

,

6/20/27

....

3,178

3,095

L2474789.UP.FTS.B

,

13

.64

%

,

6/20/27

....

12,894

12,565

L2472806.UP.FTS.B

,

24

.05

%

,

6/20/27

....

7,771

7,668

L2474417.UP.FTS.B

,

25

.31

%

,

6/20/27

....

2,279

545

L2471756.UP.FTS.B

,

26

.47

%

,

6/20/27

....

688

442

L2475015.UP.FTS.B

,

27

.6

%

,

6/20/27

....

4,792

345

FW2478138.UP.FTS.B

,

20

.35

%

,

6/21/27

..

11,351

11,153

L2441362.UP.FTS.B

,

20

.97

%

,

6/21/27

....

2,884

2,831

L2480361.UP.FTS.B

,

25

.41

%

,

6/21/27

....

10,944

6,998

FW2476973.UP.FTS.B

,

28

.09

%

,

6/21/27

..

1,344

1,329

FW2476585.UP.FTS.B

,

28

.45

%

,

6/21/27

..

3,364

3,320

FW2479731.UP.FTS.B

,

10

.13

%

,

7/06/27

..

9,749

1,973

L2657584.UP.FTS.B

,

25

.37

%

,

7/18/27

....

5,209

1,251

FW2653443.UP.FTS.B

,

31

.19

%

,

7/18/27

..

9,272

9,126

L2656455.UP.FTS.B

,

11

.03

%

,

7/27/27

....

10,379

10,106

L2786749.UP.FTS.B

,

9

.46

%

,

8/14/27

....

6,658

485

L2779827.UP.FTS.B

,

9

.72

%

,

8/14/27

....

6,612

6,461

FW2780382.UP.FTS.B

,

10

.8

%

,

8/14/27

...

2,714

2,648

L2784551.UP.FTS.B

,

11

.17

%

,

8/14/27

....

32,344

31,618

FW2790608.UP.FTS.B

,

11

.2

%

,

8/14/27

...

4,045

1,612

L2755118.UP.FTS.B

,

12

.3

%

,

8/14/27

.....

6,357

6,213

L2785893.UP.FTS.B

,

13

.78

%

,

8/14/27

....

1,179

1,152

FW2785433.UP.FTS.B

,

14

.35

%

,

8/14/27

..

4,169

4,078

L2784886.UP.FTS.B

,

14

.47

%

,

8/14/27

....

5,803

5,670

L2785260.UP.FTS.B

,

14

.63

%

,

8/14/27

....

13,908

13,587

FW2785300.UP.FTS.B

,

14

.74

%

,

8/14/27

..

26,225

25,654

L2787335.UP.FTS.B

,

15

.22

%

,

8/14/27

....

1,756

706

L2785752.UP.FTS.B

,

15

.55

%

,

8/14/27

....

6,781

6,689

L2787854.UP.FTS.B

,

15

.85

%

,

8/14/27

....

1,861

1,837

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2784177.UP.FTS.B

,

16

.34

%

,

8/14/27

....

$

3,612

$

3,565

L2782699.UP.FTS.B

,

16

.54

%

,

8/14/27

....

16,309

6,421

L2785121.UP.FTS.B

,

16

.67

%

,

8/14/27

....

16,022

6,663

FW2783637.UP.FTS.B

,

16

.93

%

,

8/14/27

..

6,311

516

L2780752.UP.FTS.B

,

17

.46

%

,

8/14/27

....

23,591

5,093

L2784632.UP.FTS.B

,

17

.63

%

,

8/14/27

....

4,655

938

L2784502.UP.FTS.B

,

17

.69

%

,

8/14/27

....

13,415

969

FW2780686.UP.FTS.B

,

18

.04

%

,

8/14/27

..

666

652

L2781142.UP.FTS.B

,

18

.71

%

,

8/14/27

....

4,335

1,803

L2784145.UP.FTS.B

,

19

.03

%

,

8/14/27

....

3,769

508

L2780510.UP.FTS.B

,

19

.3

%

,

8/14/27

....

16,724

16,563

L2780702.UP.FTS.B

,

19

.32

%

,

8/14/27

....

12,299

12,091

FW2782056.UP.FTS.B

,

19

.7

%

,

8/14/27

...

4,801

4,740

L2782244.UP.FTS.B

,

19

.84

%

,

8/14/27

....

3,179

3,142

L2782188.UP.FTS.B

,

20

.46

%

,

8/14/27

....

8,717

8,576

FW2788480.UP.FTS.B

,

20

.56

%

,

8/14/27

..

3,842

3,785

FW2786123.UP.FTS.B

,

20

.87

%

,

8/14/27

..

1,862

1,835

L2782941.UP.FTS.B

,

21

.84

%

,

8/14/27

....

1,776

1,748

FW2785231.UP.FTS.B

,

21

.88

%

,

8/14/27

..

8,000

734

FW2785285.UP.FTS.B

,

22

%

,

8/14/27

....

8,313

598

FW2781557.UP.FTS.B

,

22

.9

%

,

8/14/27

...

37,021

2,705

L2785540.UP.FTS.B

,

22

.99

%

,

8/14/27

....

3,097

1,373

L2761176.UP.FTS.B

,

23

.49

%

,

8/14/27

....

4,107

896

L2782866.UP.FTS.B

,

24

.04

%

,

8/14/27

....

7,213

7,138

FW2789810.UP.FTS.B

,

24

.24

%

,

8/14/27

..

1,317

609

FW2780321.UP.FTS.B

,

24

.37

%

,

8/14/27

..

4,099

1,817

L2781314.UP.FTS.B

,

24

.73

%

,

8/14/27

....

7,856

7,790

FW2780263.UP.FTS.B

,

25

%

,

8/14/27

....

2,963

674

L2782686.UP.FTS.B

,

25

%

,

8/14/27

......

11,311

11,190

FW2780348.UP.FTS.B

,

25

.03

%

,

8/14/27

..

3,760

1,650

L2788622.UP.FTS.B

,

25

.12

%

,

8/14/27

....

5,445

5,373

L2782121.UP.FTS.B

,

25

.17

%

,

8/14/27

....

6,203

450

L2780085.UP.FTS.B

,

25

.23

%

,

8/14/27

....

1,029

1,014

L2790763.UP.FTS.B

,

25

.24

%

,

8/14/27

....

33,908

–

L2781090.UP.FTS.B

,

25

.39

%

,

8/14/27

....

1,180

1,168

FW2786974.UP.FTS.B

,

25

.42

%

,

8/14/27

..

2,189

315

L2780799.UP.FTS.B

,

25

.48

%

,

8/14/27

....

13,818

13,614

L2784786.UP.FTS.B

,

25

.48

%

,

8/14/27

....

19,198

18,953

L2771933.UP.FTS.B

,

25

.49

%

,

8/14/27

....

1,171

1,155

L2782131.UP.FTS.B

,

25

.51

%

,

8/14/27

....

11,335

11,200

L2783948.UP.FTS.B

,

25

.78

%

,

8/14/27

....

3,096

223

FW2783121.UP.FTS.B

,

26

.17

%

,

8/14/27

..

3,508

3,473

FW2784070.UP.FTS.B

,

26

.88

%

,

8/14/27

..

12,557

12,457

FW2780366.UP.FTS.B

,

27

.22

%

,

8/14/27

..

2,593

596

FW2788769.UP.FTS.B

,

27

.54

%

,

8/14/27

..

14,302

14,144

FW2781808.UP.FTS.B

,

28

.36

%

,

8/14/27

..

7,027

6,945

FW2781950.UP.FTS.B

,

28

.45

%

,

8/14/27

..

4,407

4,349

FW2787016.UP.FTS.B

,

28

.75

%

,

8/14/27

..

12,131

12,041

FW2773545.UP.FTS.B

,

29

.8

%

,

8/14/27

...

1,219

1,201

FW2784677.UP.FTS.B

,

29

.98

%

,

8/14/27

..

893

209

FW2787766.UP.FTS.B

,

30

.16

%

,

8/14/27

..

4,407

316

FW2786761.UP.FTS.B

,

30

.87

%

,

8/14/27

..

1,595

1,580

FW2788878.UP.FTS.B

,

30

.91

%

,

8/14/27

..

2,005

1,985

FW2787940.UP.FTS.B

,

31

.09

%

,

8/14/27

..

6,319

2,850

FW2784788.UP.FTS.B

,

31

.17

%

,

8/14/27

..

5,319

5,276

FW2783557.UP.FTS.B

,

31

.23

%

,

8/14/27

..

2,595

183

FW2780086.UP.FTS.B

,

33

.32

%

,

8/14/27

..

2,203

2,190

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

116

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2788584.UP.FTS.B

,

22

.8

%

,

8/16/27

...

$

8,058

$

7,947

L2785554.UP.FTS.B

,

23

.22

%

,

8/16/27

....

9,332

9,200

L2789273.UP.FTS.B

,

25

.66

%

,

8/17/27

....

2,402

172

L2788641.UP.FTS.B

,

8

.88

%

,

8/18/27

....

5,142

5,021

FW2779874.UP.FTS.B

,

16

.55

%

,

8/19/27

..

5,912

3,576

L2789222.UP.FTS.B

,

25

.36

%

,

8/20/27

....

1,129

1,116

FW2788124.UP.FTS.B

,

28

.64

%

,

8/20/27

..

7,456

4,698

FW2784943.UP.FTS.B

,

17

.86

%

,

8/22/27

..

8,312

608

FW2782011.UP.FTS.B

,

23

.47

%

,

8/22/27

..

3,637

3,585

L2743727.UP.FTS.B

,

16

.97

%

,

8/25/27

....

2,560

185

FW2789146.UP.FTS.B

,

27

.73

%

,

8/25/27

..

3,151

3,127

L2785637.UP.FTS.B

,

11

.46

%

,

8/28/27

....

3,864

282

L2782423.UP.FTS.B

,

18

.4

%

,

8/28/27

....

9,622

3,967

L2786225.UP.FTS.B

,

19

.38

%

,

8/28/27

....

10,393

10,243

L2785536.UP.FTS.B

,

27

.43

%

,

8/28/27

....

12,077

11,975

FW2786209.UP.FTS.B

,

30

.73

%

,

8/28/27

..

950

941

FW2786834.UP.FTS.B

,

31

.16

%

,

8/28/27

..

4,494

671

FW2931457.UP.FTS.B

,

11

.32

%

,

9/11/27

..

5,210

5,080

L2929885.UP.FTS.B

,

11

.42

%

,

9/11/27

....

23,838

23,300

L2927750.UP.FTS.B

,

13

.53

%

,

9/11/27

....

4,415

4,312

L2931559.UP.FTS.B

,

14

.36

%

,

9/11/27

....

27,588

26,965

L2931231.UP.FTS.B

,

16

.75

%

,

9/11/27

....

14,644

5,752

L2928071.UP.FTS.B

,

17

.22

%

,

9/11/27

....

614

605

L2930149.UP.FTS.B

,

17

.22

%

,

9/11/27

....

6,395

6,253

L2928998.UP.FTS.B

,

20

.3

%

,

9/11/27

.....

14,356

1,044

L2929537.UP.FTS.B

,

22

.4

%

,

9/11/27

.....

15,078

14,854

FW2928927.UP.FTS.B

,

24

.56

%

,

9/11/27

..

8,696

–

L2928512.UP.FTS.B

,

24

.85

%

,

9/11/27

....

6,987

6,887

L2931522.UP.FTS.B

,

25

.34

%

,

9/11/27

....

9,874

4,557

L2929019.UP.FTS.B

,

25

.49

%

,

9/11/27

....

2,327

2,297

FW2928696.UP.FTS.B

,

27

.59

%

,

9/11/27

..

3,008

2,972

FW2929228.UP.FTS.B

,

27

.79

%

,

9/11/27

..

7,761

7,657

FW2929186.UP.FTS.B

,

28

.7

%

,

9/11/27

...

2,972

2,947

FW2927928.UP.FTS.B

,

29

.77

%

,

9/11/27

..

837

829

FW2930626.UP.FTS.B

,

30

.39

%

,

9/11/27

..

291

286

FW2929535.UP.FTS.B

,

30

.91

%

,

9/11/27

..

25,263

25,036

L2932384.UP.FTS.B

,

13

.22

%

,

9/12/27

....

1,996

1,950

L2932973.UP.FTS.B

,

16

.22

%

,

9/12/27

....

2,012

1,966

L2934264.UP.FTS.B

,

17

.04

%

,

9/12/27

....

3,971

3,919

FW2933357.UP.FTS.B

,

24

.77

%

,

9/12/27

..

2,118

2,090

L2935062.UP.FTS.B

,

25

.37

%

,

9/12/27

....

2,390

1,066

FW2932656.UP.FTS.B

,

27

.65

%

,

9/12/27

..

1,920

1,898

FW2928392.UP.FTS.B

,

12

.26

%

,

9/14/27

..

31,247

30,520

L2935437.UP.FTS.B

,

23

.88

%

,

9/14/27

....

6,267

6,176

L2909526.UP.FTS.B

,

16

.64

%

,

9/15/27

....

4,117

4,022

FW2932783.UP.FTS.B

,

31

.23

%

,

9/18/27

..

9,145

9,076

FW2930646.UP.FTS.B

,

15

.55

%

,

9/19/27

..

3,339

140

L2932135.UP.FTS.B

,

10

.91

%

,

9/22/27

....

12,598

12,288

L2109723.UP.FTS.B

,

14

.71

%

,

9/24/27

....

22,633

14,052

L2111342.UP.FTS.B

,

25

.1

%

,

9/24/27

.....

1,388

66

L2927958.UP.FTS.B

,

15

.19

%

,

9/26/27

....

9,548

9,326

L2930990.UP.FTS.B

,

23

.44

%

,

9/26/27

....

6,642

6,533

L2931286.UP.FTS.B

,

24

.62

%

,

9/26/27

....

13,583

13,370

FW2266529.UP.FTS.B

,

27

.38

%

,

10/16/27

.

4,468

2,891

FW2268177.UP.FTS.B

,

20

.82

%

,

10/17/27

.

2,053

2,016

FW2269400.UP.FTS.B

,

29

.19

%

,

10/17/27

.

3,765

3,706

FW2269705.UP.FTS.B

,

29

.7

%

,

10/17/27

..

3,226

3,179

FW2270320.UP.FTS.B

,

31

.1

%

,

10/17/27

..

1,162

1,145

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2471006.UP.FTS.B

,

31

.15

%

,

11/20/27

.

$

1,033

$

1,019

FW2476186.UP.FTS.B

,

6

.33

%

,

11/21/27

..

11,850

11,402

L2476700.UP.FTS.B

,

8

.05

%

,

11/21/27

....

1,409

1,378

FW2656738.UP.FTS.B

,

26

.73

%

,

12/18/27

.

6,652

6,549

FW2657050.UP.FTS.B

,

31

.21

%

,

12/18/27

.

2,610

2,578

L2782861.UP.FTS.B

,

13

%

,

1/14/28

......

1,507

1,473

L2784927.UP.FTS.B

,

20

.04

%

,

1/14/28

....

1,823

1,795

FW2787933.UP.FTS.B

,

20

.81

%

,

1/14/28

..

532

525

L2781510.UP.FTS.B

,

21

.9

%

,

1/14/28

....

2,976

1,339

FW2780403.UP.FTS.B

,

28

.18

%

,

1/14/28

..

3,283

3,222

FW2789113.UP.FTS.B

,

34

.45

%

,

1/14/28

..

10,570

4,507

FW2779683.UP.FTS.B

,

24

.26

%

,

1/16/28

..

27,579

27,187

L2786161.UP.FTS.B

,

25

.2

%

,

1/20/28

....

3,197

1,896

L2771055.UP.FTS.B

,

19

.91

%

,

1/21/28

....

4,498

4,396

L2785139.UP.FTS.B

,

21

.47

%

,

1/21/28

....

6,192

6,068

L2931697.UP.FTS.B

,

18

.04

%

,

2/11/28

....

11,865

11,657

FW2931871.UP.FTS.B

,

28

.6

%

,

2/11/28

...

12,915

12,646

L2016976.UP.FTS.B

,

17

.93

%

,

11/10/28

...

2,354

2,293

L2471413.UP.FTS.B

,

14

.77

%

,

1/20/29

....

16,739

16,447

L2474231.UP.FTS.B

,

18

.07

%

,

1/20/29

....

6,471

6,306

L2475358.UP.FTS.B

,

19

.49

%

,

1/20/29

....

4,228

4,124

L2470272.UP.FTS.B

,

21

.01

%

,

1/20/29

....

4,308

4,203

L2473102.UP.FTS.B

,

23

.59

%

,

1/20/29

....

4,683

125

L2480052.UP.FTS.B

,

11

.51

%

,

1/21/29

....

1,445

237

L2476569.UP.FTS.B

,

12

.1

%

,

1/21/29

....

6,788

6,674

L2478078.UP.FTS.B

,

21

.42

%

,

1/21/29

....

4,032

3,942

L2479722.UP.FTS.B

,

22

.71

%

,

1/21/29

....

4,090

3,996

L2478021.UP.FTS.B

,

24

.55

%

,

1/21/29

....

7,399

7,047

L2481996.UP.FTS.B

,

25

.8

%

,

1/21/29

....

1,122

1,099

L2476521.UP.FTS.B

,

26

.04

%

,

1/21/29

....

578

554

L2783362.UP.FTS.B

,

25

.93

%

,

3/14/29

....

1,233

1,210

L2893504.UP.FTS.B

,

25

.96

%

,

4/11/29

....

251

246

L2927882.UP.FTS.B

,

26

.42

%

,

4/11/29

....

3,526

3,457

L2472122.UP.FTS.B

,

18

.59

%

,

6/20/29

....

3,335

1,773

L2477875.UP.FTS.B

,

11

.39

%

,

6/21/29

....

6,546

6,396

L2781565.UP.FTS.B

,

27

%

,

8/14/29

......

2,508

2,515

L2928953.UP.FTS.B

,

25

.86

%

,

9/11/29

....

2,496

2,389

L2928275.UP.FTS.B

,

26

.91

%

,

9/11/29

....

3,040

2,981

L1878535.UP.FTS.B

,

15

.12

%

,

10/27/34

...

175

13

FW2269010.UP.FTS.B

,

16

.43

%

,

12/17/34

.

565

41

FW2481417.UP.FTS.B

,

5

.45

%

,

1/21/35

...

662

294

L2476979.UP.FTS.B

,

9

.95

%

,

1/21/35

....

366

22

L2478459.UP.FTS.B

,

12

.7

%

,

1/21/35

....

507

37

L2655839.UP.FTS.B

,

20

.67

%

,

2/18/35

....

15

8

FW2783979.UP.FTS.B

,

16

.68

%

,

3/14/35

..

656

47

FW2789731.UP.FTS.B

,

18

.32

%

,

3/14/35

..

209

146

FW2784134.UP.FTS.B

,

21

.24

%

,

3/14/35

..

104

71

L2780571.UP.FTS.B

,

23

.44

%

,

3/14/35

....

395

110

FW2789498.UP.FTS.B

,

26

.58

%

,

3/14/35

..

439

3

L2781349.UP.FTS.B

,

28

.09

%

,

3/14/35

....

2,126

18

FW2784820.UP.FTS.B

,

29

.05

%

,

3/14/35

..

476

15

FW2785447.UP.FTS.B

,

24

.58

%

,

3/28/35

..

109

107

L2016139.UP.FTS.B

,

16

.33

%

,

4/10/35

....

1,583

1,471

L2932200.UP.FTS.B

,

5

.67

%

,

4/11/35

.....

33

33

L2932027.UP.FTS.B

,

6

.02

%

,

4/11/35

.....

198

196

L2931770.UP.FTS.B

,

10

.22

%

,

4/11/35

....

116

115

L2931320.UP.FTS.B

,

11

.14

%

,

4/11/35

....

98

97

L2929881.UP.FTS.B

,

12

.38

%

,

4/11/35

....

266

262

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

117

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2930188.UP.FTS.B

,

13

.77

%

,

4/11/35

....

$

116

$

115

L2930012.UP.FTS.B

,

17

.63

%

,

4/11/35

....

337

332

L2929619.UP.FTS.B

,

21

.46

%

,

4/11/35

....

117

115

FW2930608.UP.FTS.B

,

21

.67

%

,

4/11/35

..

1,105

1,089

L2928046.UP.FTS.B

,

27

.24

%

,

4/11/35

....

1,016

919

L2934109.UP.FTS.B

,

8

%

,

4/12/35

.......

157

155

L2933980.UP.FTS.B

,

10

%

,

4/12/35

......

160

159

L2934235.UP.FTS.B

,

10

.92

%

,

4/12/35

....

349

345

L2934103.UP.FTS.B

,

13

.2

%

,

4/12/35

....

264

261

L2934820.UP.FTS.B

,

17

.41

%

,

4/12/35

....

407

401

L2935513.UP.FTS.B

,

17

.97

%

,

4/12/35

....

252

248

L2931304.UP.FTS.B

,

18

.2

%

,

4/12/35

....

617

158

L2933460.UP.FTS.B

,

18

.4

%

,

4/12/35

....

90

89

L2928766.UP.FTS.B

,

18

.41

%

,

4/12/35

....

192

189

L2933159.UP.FTS.B

,

18

.53

%

,

4/12/35

....

690

680

L2935652.UP.FTS.B

,

19

.04

%

,

4/12/35

....

365

360

L2933024.UP.FTS.B

,

19

.59

%

,

4/12/35

....

164

161

FW2933966.UP.FTS.B

,

21

.23

%

,

4/12/35

..

378

372

FW2933074.UP.FTS.B

,

22

.74

%

,

4/12/35

..

521

514

FW2931971.UP.FTS.B

,

25

.79

%

,

4/12/35

..

268

253

FW2932613.UP.FTS.B

,

27

%

,

4/12/35

....

203

200

L2018443.UP.FTS.B

,

13

.86

%

,

4/23/35

....

222

199

L2110121.UP.FTS.B

,

7

.71

%

,

4/24/35

.....

535

530

6,317,432

Total

Marketplace

Loans

(Cost

$

57,986,118

)

.......................

$52,855,355

a

The

rate

shown

represents

the

yield

at

period

end.

Franklin

Limited

Duration

Income

Trust

Notes

to

Schedule

of

Investments

(unaudited)

118

Quarterly

Schedule

of

Investments

1.

Organization

Franklin

Limited

Duration

Income

Trust (Fund)

is

registered under

the

Investment

Company

Act

of

1940

(1940

Act)

as

a

closed-end

management

investment

company.

The

Fund

follows

the

accounting

and

reporting

guidance

in

Financial

Accounting

Standards

Board

(FASB)

Accounting

Standards

Codification

Topic

946,

Financial

Services

–

Investment

Companies

(ASC

946)

and

applies

the

specialized

accounting

and

reporting

guidance

in

U.S.

Generally

Accepted

Accounting

Principles

(U.S.

GAAP),

including,

but

not

limited

to,

ASC

946.

2. Financial

Instrument

Valuation

The

Fund's investments

in

financial

instruments

are

carried

at

fair

value

daily.

Fair

value

is

the

price

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

on

the

measurement

date.

The

Fund

calculates the

net

asset

value

(NAV)

per

share

each

business

day

as

of

4

p.m.

Eastern

time

or

the

regularly

scheduled

close

of

the

New

York

Stock

Exchange

(NYSE),

whichever

is

earlier.

Under

compliance

policies

and

procedures

approved

by

the Fund's

Board

of

Trustees

(the

Board),

the

Board

has

designated

the

Fund's

investment

manager

as

the

valuation

designee

and

has

responsibility

for

oversight

of

valuation.

The

investment

manager

is

assisted

by

the

Fund's administrator

in

performing

this responsibility,

including

leading

the

cross-functional

Valuation

Committee

(VC).

The

Fund

may

utilize

independent

pricing

services,

quotations

from

securities

and

financial

instrument

dealers,

and

other

market

sources

to

determine

fair

value.

Equity

securities

listed

on

an

exchange

or

on

the

NASDAQ

National

Market

System

are

valued

at

the

last

quoted

sale

price

or

the

official

closing

price

of

the

day,

respectively.

Foreign

equity

securities

are

valued

as

of

the

close

of

trading

on

the

foreign

stock

exchange

on

which

the

security

is

primarily

traded

or

as

of

4

p.m.

Eastern

time.

The

value

is

then

converted

into

its

U.S.

dollar

equivalent

at

the

foreign

exchange

rate

in

effect

at

4

p.m. Eastern

time

on

the

day

that

the

value

of

the

security

is

determined.

Over-the-counter

(OTC)

securities

are

valued

within

the

range

of

the

most

recent

quoted

bid

and

ask

prices.

Securities

that

trade

in

multiple

markets

or

on

multiple

exchanges

are

valued

according

to

the

broadest

and

most

representative

market.

Certain

equity

securities

are

valued

based

upon

fundamental

characteristics

or

relationships

to

similar

securities.

Debt

securities

generally

trade

in

the

OTC market

rather

than

on

a

securities

exchange.

The Fund's

pricing

services

use

multiple

valuation

techniques

to

determine

fair

value.

In

instances

where

sufficient

market

activity

exists,

the

pricing

services

may

utilize

a

market-based

approach

through

which

quotes

from

market

makers

are

used

to

determine

fair

value.

In

instances

where

sufficient

market

activity

may

not

exist

or

is

limited,

the

pricing

services

also

utilize

proprietary

valuation

models

which

may

consider

market

characteristics

such

as

benchmark

yield

curves,

credit

spreads,

estimated

default

rates,

anticipated

market

interest

rate

volatility,

coupon

rates,

anticipated

timing

of

principal

repayments,

underlying

collateral,

and

other

unique

security

features

in

order

to

estimate

the

relevant

cash

flows,

which

are

then

discounted

to

calculate

the

fair

value.

Investments

in

open-end

mutual

funds

are

valued

at

the

closing

NAV.

The

Fund

has procedures

to

determine

the

fair

value

of

financial

instruments

for

which

market

prices

are

not

reliable

or

readily

available.

Under

these

procedures,

the

Fund

primarily employs

a

market-based

approach

which

may

use

related

or

comparable

assets

or

liabilities,

recent

transactions,

market

multiples,

and

other

relevant

information

for

the

investment

to

determine

the

fair

value

of

the

investment.

An

income-based

valuation

approach

may

also

be

used

in

which

the

anticipated

future

cash

flows

of

the

investment

are

discounted

to

calculate

fair

value.

Discounts

may

also

be

applied

due

to

the

nature

or

duration

of

any

restrictions

on

the

disposition

of

the

investments.

Due

to

the

inherent

uncertainty

of

valuations

of

such

investments,

the

fair

values

may

differ

significantly

from

the

values

that

would

have

been

used

had

an

active

market

existed. 

Trading

in

securities

on

foreign

securities

stock

exchanges

and

OTC

markets

may

be

completed

before

4

p.m.

Eastern

time.

In

addition,

trading

in

certain

foreign

markets

may

not

take

place

on

every

Fund’s

business

day.

Events

can

occur

between

the

time

at

which

trading

in

a

foreign

security

is

completed

and

4

p.m.

Eastern

time

that

might

call

into

question

the

reliability

of

the

value

of

a

portfolio

security

held

by

the Fund.

As

a

result,

differences

may

arise

between

the

value

of

the Fund’s

portfolio

securities

as

determined

at

the

foreign

market

close

and

the

latest

indications

of

value

at

4

p.m.

Eastern

time.

In

order

to

Franklin

Limited

Duration

Income

Trust

Notes

to

Schedule

of

Investments

(unaudited)

119

Quarterly

Schedule

of

Investments

minimize

the

potential

for

these

differences, an

independent

pricing

service

may

be

used

to

adjust

the

value

of

the Fund's

portfolio

securities

to

the

latest

indications

of

fair

value

at

4

p.m.

Eastern

time.

At March

31,

2025,

certain

securities

may

have

been

fair

valued

using

these

procedures,

in

which

case

the

securities

were

categorized

as

Level

2

within

the

fair

value

hierarchy

(referred

to

as

"market

level

fair

value").

See

the

Fair

Value

Measurements

note

for

more

information.

When

the

last

day

of

the

reporting

period

is

a

non-business

day,

certain

foreign

markets

may

be

open

on

those

days

that

the

Fund’s NAV

is

not

calculated,

which

could

result

in

differences

between

the

value

of

the

Fund’s

portfolio

securities

on

the

last

business

day

and

the

last

calendar

day

of

the

reporting

period.

Any security

valuation

changes

due

to

an

open

foreign

market

are

adjusted

and

reflected

by

the

Fund

for

financial

reporting

purposes.

3.

Unfunded

Loan

Commitments

The

Fund enters

into

certain

credit

agreements,

all

or

a

portion

of

which

may

be

unfunded.

The

Fund

is

obligated

to

fund

these

loan

commitments

at

the

borrowers’

discretion.

Unfunded

loan

commitments

and

funded

portions

of

credit

agreements

are

marked

to

market

daily.

Funded

portions

of

credit

agreements

are

presented

in

the Schedule

of of

Investments.

At

March

31,

2025,

unfunded

commitments

were

as

follows:

4.

Investments

in

Affiliated

Management

Investment

Companies

The

Fund

invests

in

one

or

more

affiliated

management

investment

companies.

As

defined

in

the

1940

Act,

an

investment

is

deemed

to

be

a

"Controlled

Affiliate"

of

a

fund

when

a

fund

owns,

either

directly

or

indirectly,

25%

or

more

of

the

affiliated

fund's

outstanding

shares

or

has

the

power

to

exercise

control

over

management

or

policies

of

such

fund.

The

Fund

does

not

invest

for

purposes

of

exercising

a

controlling

influence

over

the

management

or

policies.

During

the

period

ended

March

31,

2025,

the

Fund

held

investments

in

affiliated

management

investment

companies

as

follows:

5. Fair

Value

Measurements

The

Fund

follows

a

fair

value

hierarchy

that

distinguishes

between

market

data

obtained

from

independent

sources

(observable

inputs)

and

the Fund's

own

market

assumptions

(unobservable

inputs).

These

inputs

are

used

in

determining

the

value

of

the

Fund's financial

instruments

and

are

summarized

in

the

following

fair

value

hierarchy:

Level

1

–

quoted

prices

in

active

markets

for

identical

financial

instruments

Borrower

Unfunded

Commitment

Franklin

Limited

Duration

Income

Trust

Clydesdale

Acquisition

Holdings,

Inc.

$

9,195

June

Purchaser

LLC

70,055

Signia

Aerospace

LLC

22,706

$

101,957

    aa

Value

at

Beginning

of

Period

Purchases

Sales

Realized

Gain

(Loss)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

End

of

Period

Number

of

Shares

Held

at

End

of

Period

Investment

Income

a      

a  

a  

a  

a  

a  

a  

a  

Franklin

Limited

Duration

Income

Trust

Non-Controlled

Affiliates

Dividends

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.052%

$11,532,360

$47,409,328

$(49,692,718)

$—

$—

$9,248,970

9,248,970

$110,499

Total

Affiliated

Securities

...

$11,532,360

$47,409,328

$(49,692,718)

$—

$—

$9,248,970

$110,499

2. Financial

Instrument

Valuation

(continued)

Franklin

Limited

Duration

Income

Trust

Notes

to

Schedule

of

Investments

(unaudited)

120

Quarterly

Schedule

of

Investments

Level

2

–

other

significant

observable

inputs

(including

quoted

prices

for

similar

financial

instruments,

interest

rates,

prepayment

speed,

credit

risk,

etc.)

Level

3

–

significant

unobservable

inputs

(including

the

Fund's

own

assumptions

in

determining

the

fair

value

of

financial

instruments)

The

input

levels

are

not

necessarily

an

indication

of

the

risk

or

liquidity

associated

with

financial

instruments

at

that

level.

A

summary

of

inputs

used

as

of

March

31,

2025,

in

valuing

the

Fund's assets

and

liabilities carried

at

fair

value,

is

as

follows:

Level

1

Level

2

Level

3

Total

Franklin

Limited

Duration

Income

Trust

Assets:

Investments

in

Securities:

Common

Stocks

:

Hotels,

Restaurants

&

Leisure

.............

$

—

$

1,060

$

—

$

1,060

Metals

&

Mining

.......................

119,865

—

—

119,865

Oil,

Gas

&

Consumable

Fuels

.............

4,217

124,035

—

128,252

Pharmaceuticals

.......................

280,440

—

—

280,440

Software

.............................

—

—

5,423

5,423

Specialty

Retail

........................

—

—

—

a

—

Preferred

Stocks

.........................

—

6,056

—

6,056

Corporate

Bonds

:

Aerospace

&

Defense

...................

—

2,254,800

—

2,254,800

Automobile

Components

.................

—

3,656,830

—

3,656,830

Automobiles

..........................

—

1,268,155

—

1,268,155

Biotechnology

.........................

—

1,182,792

—

1,182,792

Broadline

Retail

.......................

—

1,931,228

—

1,931,228

Building

Products

......................

—

5,218,356

—

5,218,356

Capital

Markets

........................

—

1,487,330

—

1,487,330

Chemicals

...........................

—

7,460,162

—

a

7,460,162

Commercial

Services

&

Supplies

...........

—

6,152,183

—

6,152,183

Construction

&

Engineering

...............

—

383,899

—

383,899

Consumer

Finance

.....................

—

5,185,596

—

5,185,596

Consumer

Staples

Distribution

&

Retail

......

—

717,900

—

717,900

Containers

&

Packaging

.................

—

6,711,605

—

6,711,605

Distributors

...........................

—

1,135,836

—

1,135,836

Diversified

Consumer

Services

............

—

1,232,216

—

1,232,216

Diversified

REITs

......................

—

2,288,111

—

2,288,111

Diversified

Telecommunication

Services

.....

—

1,925,178

—

1,925,178

Electric

Utilities

........................

—

2,969,635

—

2,969,635

Electrical

Equipment

....................

—

1,238,974

—

1,238,974

Electronic

Equipment,

Instruments

&

Components

........................

—

1,226,404

—

1,226,404

Energy

Equipment

&

Services

.............

—

4,939,894

—

4,939,894

Entertainment

.........................

—

1,132,428

—

1,132,428

Financial

Services

......................

—

8,415,414

—

8,415,414

Food

Products

........................

—

685,997

—

685,997

Ground

Transportation

..................

—

2,281,205

—

2,281,205

Health

Care

Equipment

&

Supplies

.........

—

1,728,305

—

1,728,305

Health

Care

Providers

&

Services

..........

—

5,250,714

—

5,250,714

Health

Care

REITs

.....................

—

764,591

—

764,591

Hotel

&

Resort

REITs

...................

—

1,401,212

—

1,401,212

Hotels,

Restaurants

&

Leisure

.............

—

10,873,788

—

a

10,873,788

Household

Durables

....................

—

3,514,704

—

3,514,704

Household

Products

....................

—

186,445

—

186,445

5. Fair

Value

Measurements

(continued)

Franklin

Limited

Duration

Income

Trust

Notes

to

Schedule

of

Investments

(unaudited)

121

Quarterly

Schedule

of

Investments

Level

1

Level

2

Level

3

Total

Franklin

Limited

Duration

Income

Trust

(continued)

Assets:

(continued)

Investments

in

Securities:

(continued)

Corporate

Bonds:

(continued)

Independent

Power

and

Renewable

Electricity

Producers

..........................

$

—

$

3,171,923

$

—

$

3,171,923

Insurance

............................

—

3,332,767

—

3,332,767

Interactive

Media

&

Services

..............

—

350,290

—

350,290

IT

Services

...........................

—

2,172,663

—

2,172,663

Life

Sciences

Tools

&

Services

............

—

637,400

—

637,400

Machinery

............................

—

3,915,132

—

3,915,132

Media

...............................

—

6,670,339

—

6,670,339

Metals

&

Mining

.......................

—

3,650,000

—

3,650,000

Mortgage

Real

Estate

Investment

Trusts

(REITs)

............................

—

1,361,708

—

1,361,708

Oil,

Gas

&

Consumable

Fuels

.............

—

16,988,882

—

a

16,988,882

Paper

&

Forest

Products

.................

—

355,120

—

355,120

Passenger

Airlines

.....................

—

1,051,349

—

1,051,349

Personal

Care

Products

.................

—

1,564,984

—

1,564,984

Pharmaceuticals

.......................

—

1,422,819

—

1,422,819

Real

Estate

Management

&

Development

....

—

2,031,949

—

2,031,949

Software

.............................

—

3,118,664

—

3,118,664

Specialized

REITs

......................

—

1,023,519

—

1,023,519

Specialty

Retail

........................

—

1,238,571

—

1,238,571

Textiles,

Apparel

&

Luxury

Goods

..........

—

738,372

—

738,372

Trading

Companies

&

Distributors

..........

—

4,178,443

—

4,178,443

Wireless

Telecommunication

Services

.......

—

2,484,899

1,126

2,486,025

Senior

Floating

Rate

Interests

...............

—

114,631,221

—

114,631,221

Marketplace

Loans

.......................

—

—

52,855,355

52,855,355

Asset-Backed

Securities

...................

—

21,936,345

—

21,936,345

Mortgage-Backed

Securities

................

—

41,465,126

—

41,465,126

Municipal

Bonds

.........................

—

387,178

—

387,178

Escrows

and

Litigation

Trusts

...............

—

—

—

a

—

Short

Term

Investments

...................

9,248,970

—

—

9,248,970

Total

Investments

in

Securities

...........

$9,653,492

$336,812,701

$52,861,904

$399,328,097

Other

Financial

Instruments:

Unfunded

Loan

Commitments

..............

$—

$175

$—

$175

Total

Other

Financial

Instruments

.........

$—

$175

$—

$175

Liabilities:

Other

Financial

Instruments:

Reverse

Repurchase

Agreements

............

$

—

$

10,013,019

$

—

$

10,013,019

Unfunded

Loan

Commitments

...............

$—

$69

$—

$69

Total

Other

Financial

Instruments

.........

$—

$10,013,088

$—

$10,013,088

a

Includes

financial

instruments

determined

to

have

no

value.

5. Fair

Value

Measurements

(continued)

Franklin

Limited

Duration

Income

Trust

Notes

to

Schedule

of

Investments

(unaudited)

122

Quarterly

Schedule

of

Investments

A

reconciliation

in

which

Level

3

inputs

are

used

in

determining

fair

value

is

presented

when

there

are

significant

Level

3

assets

and/or

liabilities

at

the

beginning

and/or

end

of

the

period.

At March

31,

2025,

the

reconciliation

is

as

follows:

Significant

unobservable

valuation

inputs

for

material

Level

3

assets

and/or

liabilities

and

impact

to

fair

value

as

a

result

of

changes

in

unobservable

valuation

inputs

as

of

March

31,

2025,

are

as

follows:

Balance

at

Beginning

of

Period

Purchases

a

Sales

b

Transfer

Into

Level

3

Transfer

Out

of

Level

3

Net

Accretion

(Amortiza-

tion)

Net

Realized

Gain

(Loss)

Net

Unr

ealized

Appreciatio

n

(

Depreciation

)

Balance

at

End

of

Period

Net

Change

in

Unrealized

Appreciation

(Depreciation)

on

Assets

Held

at

Period

End

a

a

a

a

a

a

a

a

a

a

a

Franklin

Limited

Duration

Income

Trust

Assets:

Investments

in

Securities:

Common

Stocks

:

Software

..........

$

—

$

1,099,500

$

—

$

—

$

—

$

—

$

—

$

(1,094,077)

$

5,423

$

(1,094,077)

Specialty

Retail

.....

—

c

—

—

—

—

—

—

—

—

c

—

Corporate

Bonds

:

Chemicals

........

—

c

—

(18)

—

—

—

—

18

—

c

—

Hotels,

Restaurants

&

Leisure

.........

—

c

—

—

—

—

—

—

—

—

c

—

Oil,

Gas

&

Consumable

Fuels

..........

—

c

—

—

—

—

—

—

—

—

c

—

Wireless

Telecommunication

Services

........

1,192

—

(420)

—

—

199

389

(234)

1,126

129

Marketplace

Loans

:

Financial

Services

...

51,407,861

9,190,470

(7,938,751)

—

—

—

14,701

181,074

52,855,355

45,965

Escrows

and

Litigation

Trusts

:

—

c

—

—

—

—

—

—

—

—

c

—

Total

Investments

in

Securities

............

$51,409,053

$10,289,970

$(7,939,189)

$—

$—

$199

$15,090

$(913,219)

$52,861,904

$(1,047,983)

a

Purchases

include

all

purchases

of

securities

and

securities

received

in

corporate

actions.

b

Sales

include

all

sales

of

securities,

maturities,

paydowns

and

securities

tendered

in

corporate

actions.

c

Includes

financial

instruments

determined

to

have

no

value.

Description

Fair

Value

at

End

of

Period

Valuation

Technique

Unobservable

Inputs

Amount/Range

(Weighted

Average)

a

Impact

to

Fair

Value

if

Input

Increases

b

Franklin

Limited

Duration

Income

Trust

Assets:

Investments

in

Securities:

Marketplace

Loans:

Financial

Services

............

$52,855,355

Discounted

cash

flow

Loss-adjusted

discount

rate

0.2%

-

14.7%

(9.8%)

Decrease

Projected

loss

rate

0.0%

-

92.4%

(12.6%)

Decrease

All

Other

Investments

.............

6,549

c,d

Total

..........................

$52,861,904

5. Fair

Value

Measurements

(continued)

Franklin

Limited

Duration

Income

Trust

Notes

to

Schedule

of

Investments

(unaudited)

123

Quarterly

Schedule

of

Investments

Abbreviations

a

Weighted

based

on

the

relative

fair

value

of

the

financial

instruments.

b

Represents

the

directional

change

in

the

fair

value

of

the

Level

3

financial

instruments

that

would

result

from

a

significant

and

reasonable

increase

in

the

corresponding

input.

A

significant

and

reasonable

decrease

in

the

input

would

have

the

opposite

effect.

Significant

increases

and

decreases

in

these

inputs

in

isolation

could

result

in

significantly

higher

or

lower

fair

value

measurements.

c

Includes

the

fair

value

of

immaterial

assets

and/or

liabilities

developed

using

various

valuation

techniques

and

unobservable

inputs.

d

Includes

financial

instruments

determined

to

have

no

value.

Cu

r

rency

USD

United

States

Dollar

Selected

Portfolio

CLO

Collateralized

Loan

Obligation

CME

Chicago

Mercantile

Exchange

FHLMC

Federal

Home

Loan

Mortgage

Corp.

FNMA

Federal

National

Mortgage

Association

FRN

Floating

Rate

Note

GNMA

Government

National

Mortgage

Association

IBOR

Interbank

Offered

Rate

MBS

Mortgage-Backed

Security

PIK

Payment-In-Kind

REIT

Real

Estate

Investment

Trust

SOFR

Secured

Overnight

Financing

Rate

5. Fair

Value

Measurements

(continued)

For

additional

information

on

the

Fund's

significant

accounting

policies,

please

refer

to

the Fund's

most

recent

semiannual

or

annual

shareholder

report.