NPORT-EX 2 FSS.htm
Not
FDIC
Insured
May
Lose
Value
No
Bank
Guarantee
FSS-Q3PH
1
Schedules
of
Investments
(unaudited)
Franklin
Biotechnology
Discovery
Fund
2
Franklin
Core
Plus
Bond
Fund
6
Franklin
Growth
Opportunities
Fund
99
Franklin
Natural
Resources
Fund
103
Franklin
Small
Cap
Growth
Fund
107
Franklin
Small-Mid
Cap
Growth
Fund
112
Notes
to
Schedules
of
Investments
117
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited),
January
31,
2025
Franklin
Biotechnology
Discovery
Fund
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
2
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
94.2%
Biotechnology
76.5%
a
Abivax
SA
,
ADR
....................................
France
497,692
$
2,971,221
a
Achieve
Life
Sciences,
Inc.
............................
United
States
933,347
3,052,045
a
Acumen
Pharmaceuticals,
Inc.
.........................
United
States
826,400
1,239,600
a
Adverum
Biotechnologies,
Inc.
.........................
United
States
624,737
2,636,390
a
Alector,
Inc.
........................................
United
States
303,345
503,553
a
Alnylam
Pharmaceuticals,
Inc.
..........................
United
States
46,865
12,714,943
Amgen,
Inc.
.......................................
United
States
186,911
53,348,138
a
AnaptysBio,
Inc.
....................................
United
States
128,979
2,312,593
a
Apogee
Therapeutics,
Inc.
.............................
United
States
155,539
6,433,093
a,b
Applied
Therapeutics,
Inc.
.............................
United
States
740,200
434,127
a
Arcutis
Biotherapeutics,
Inc.
...........................
United
States
1,055,031
13,968,610
a
Argenx
SE
,
ADR
....................................
Netherlands
46,136
30,225,078
a
ARS
Pharmaceuticals,
Inc.
............................
United
States
748,169
9,741,160
a,b
Artiva
Biotherapeutics,
Inc.
............................
South
Korea
192,871
979,785
a
Ascendis
Pharma
A/S
,
ADR
...........................
Denmark
190,414
24,879,493
a
Aura
Biosciences,
Inc.
................................
United
States
619,986
4,866,890
a,c
Benitec
Biopharma,
Inc.
..............................
Australia
1,297,015
14,902,702
a
Biogen,
Inc.
.......................................
United
States
129,344
18,616,482
a,b
CAMP4
Therapeutics
Corp.
............................
United
States
233,700
1,124,097
a,d
Carmot
Therapeutics,
Inc.
.............................
United
States
83,100
419,218
a
Centessa
Pharmaceuticals
plc
,
ADR
.....................
United
States
678,965
11,488,088
a
CG
oncology,
Inc.
...................................
United
States
211,053
6,346,364
a
Cogent
Biosciences,
Inc.
..............................
United
States
141,181
1,314,395
a
Cogent
Biosciences,
Inc.
,
B
............................
United
States
340,448
3,169,571
a
Crinetics
Pharmaceuticals,
Inc.
.........................
United
States
228,926
9,225,718
a
Cullinan
Therapeutics,
Inc.
............................
United
States
483,951
5,110,522
a
Cytokinetics,
Inc.
....................................
United
States
41,200
2,037,752
a
Day
One
Biopharmaceuticals,
Inc.
.......................
United
States
851,469
10,532,671
a
Dyne
Therapeutics,
Inc.
..............................
United
States
288,652
4,104,631
a
Engene
Holdings,
Inc.
................................
Canada
272,359
1,824,805
a,b
Engene
Holdings,
Inc.
................................
Canada
141,900
950,730
Gilead
Sciences,
Inc.
................................
United
States
501,143
48,711,100
a,b
HilleVax,
Inc.
.......................................
United
States
691,356
1,361,971
a
IN8bio,
Inc.
........................................
United
States
2,090,200
534,673
a
Insmed,
Inc.
.......................................
United
States
227,140
17,394,381
a
Janux
Therapeutics,
Inc.
..............................
United
States
132,281
5,751,578
a
Jasper
Therapeutics,
Inc.
.............................
United
States
195,441
1,184,372
a
Keros
Therapeutics,
Inc.
..............................
United
States
100,750
1,148,550
a,b
Korro
Bio,
Inc.
......................................
United
States
33,800
1,153,256
a
Kura
Oncology,
Inc.
..................................
United
States
281,882
2,229,687
a,b
Kyverna
Therapeutics,
Inc.
............................
United
States
244,900
793,476
a
Merus
NV
.........................................
Netherlands
499,698
20,457,636
a
Mineralys
Therapeutics,
Inc.
...........................
United
States
645,332
6,646,920
a
Mirum
Pharmaceuticals,
Inc.
...........................
United
States
215,190
10,518,487
a
Neurocrine
Biosciences,
Inc.
...........................
United
States
166,630
25,297,767
a
Nuvalent,
Inc.
,
A
....................................
United
States
56,254
4,827,156
a
Olema
Pharmaceuticals,
Inc.
...........................
United
States
772,189
4,718,075
a
ORIC
Pharmaceuticals,
Inc.
...........................
United
States
363,283
3,785,409
b
Oruka
Therapeutics,
Inc.
..............................
United
States
249,964
3,362,016
a
Praxis
Precision
Medicines,
Inc.
........................
United
States
143,904
11,015,851
a
PTC
Therapeutics,
Inc.
...............................
United
States
440,811
20,224,409
a
Regeneron
Pharmaceuticals,
Inc.
.......................
United
States
62,222
41,874,162
a
Sarepta
Therapeutics,
Inc.
............................
United
States
83,578
9,504,490
a
Satellos
Bioscience,
Inc.
..............................
Canada
1,161,960
663,589
a
Spyre
Therapeutics,
Inc.
..............................
United
States
273,800
6,294,662
a
Syndax
Pharmaceuticals,
Inc.
..........................
United
States
406,551
5,760,828
a
Ultragenyx
Pharmaceutical,
Inc.
........................
United
States
82,007
3,528,761
a,b
uniQure
NV
........................................
Netherlands
733,500
11,545,290
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Biotechnology
Discovery
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
3
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Biotechnology
(continued)
a
Vaxcyte,
Inc.
.......................................
United
States
210,139
$
18,559,476
a
Vertex
Pharmaceuticals,
Inc.
...........................
United
States
114,726
52,966,700
a
Xenon
Pharmaceuticals,
Inc.
...........................
Canada
93,364
3,732,693
a
Zealand
Pharma
A/S
,
A
...............................
Denmark
69,700
7,082,665
614,104,551
Health
Care
Providers
&
Services
1.9%
a
Guardant
Health,
Inc.
................................
United
States
323,366
15,191,735
Life
Sciences
Tools
&
Services
3.3%
a
Avantor,
Inc.
.......................................
United
States
383,929
8,553,938
a
Illumina,
Inc.
.......................................
United
States
79,688
10,577,785
Sartorius
Stedim
Biotech
..............................
France
10,100
2,328,847
Thermo
Fisher
Scientific,
Inc.
..........................
United
States
8,579
5,128,098
26,588,668
Pharmaceuticals
12.3%
a,b
Alto
Neuroscience,
Inc.
...............................
United
States
263,900
1,132,131
a
Alto
Neuroscience,
Inc.
...............................
United
States
165,070
708,150
a,b
Aquestive
Therapeutics,
Inc.
...........................
United
States
307,385
928,303
AstraZeneca
plc
,
ADR
................................
United
Kingdom
347,179
24,566,386
a
Context
Therapeutics,
Inc.
.............................
United
States
1,479,200
1,350,953
a,b
Contineum
Therapeutics,
Inc.
,
A
........................
United
States
216,967
2,124,107
a
Contineum
Therapeutics,
Inc.
,
A
........................
United
States
295,058
2,888,618
Eli
Lilly
&
Co.
......................................
United
States
20,171
16,360,295
a
EyePoint
Pharmaceuticals,
Inc.
.........................
United
States
1,036,229
7,927,152
a
Jazz
Pharmaceuticals
plc
.............................
United
States
228,702
28,443,668
a,b
MBX
Biosciences,
Inc.
...............................
United
States
136,900
1,370,369
a
Ocular
Therapeutix,
Inc.
..............................
United
States
410,100
3,157,770
a
Pliant
Therapeutics,
Inc.
..............................
United
States
158,900
1,708,175
a
Relmada
Therapeutics,
Inc.
............................
United
States
456,400
159,283
a
Structure
Therapeutics,
Inc.
,
ADR
.......................
United
States
193,854
5,809,804
98,635,164
Real
Estate
Management
&
Development
0.2%
a,d,e
Lycia
LLC
,
C
.......................................
Japan
859,370
1,582,761
Total
Common
Stocks
(Cost
$
490,651,767
)
...................................
756,102,879
Convertible
Preferred
Stocks
0.2%
Household
Products
0.2%
a,d,e
Candid,
Inc.
,
B
.....................................
United
States
1,519,609
1,538,312
a
Total
Convertible
Preferred
Stocks
(Cost
$
1,823,531
)
..........................
1,538,312
Preferred
Stocks
0.4%
Life
Sciences
Tools
&
Services
0.4%
f
Sartorius
AG
,
0.27
%
.................................
Germany
9,200
2,654,857
Total
Preferred
Stocks
(Cost
$
4,184,033
)
.....................................
2,654,857
Warrants
Warrants
0.5%
Biotechnology
0.5%
a,d,e
Achieve
Life
Sciences,
Inc.
,
8/31/27
.....................
United
States
2,181,025
391,679
a,c
Benitec
Biopharma,
Inc.
,
2/20/49
........................
Australia
310,881
3,571,992
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Biotechnology
Discovery
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
4
See
Abbreviations
on
page
135
.
a
a
Country
Warrants
a
Value
a
a
a
a
a
a
Warrants
(continued)
Biotechnology
(continued)
a,d,e
IN8bio,
Inc.
,
C
,
10/04/27
..............................
United
States
2,090,200
$
219,375
4,183,046
Pharmaceuticals
0.0%
†
a
Nuvation
Bio,
Inc.
,
7/07/27
............................
United
States
115,266
32,528
Total
Warrants
(Cost
$
599,960
)
..............................................
4,215,574
Principal
Amount
*
Convertible
Bonds
0.9%
Biotechnology
0.9%
d
Jade
Biosciences
GmbH
,
12%,
12/31/26
..................
Germany
5,000,000
7,375,220
Total
Convertible
Bonds
(Cost
$
5,000,000
)
...................................
7,375,220
Shares
a
Escrows
and
Litigation
Trusts
0.0%
a,d
Sanofi
SA,
Escrow
Account
............................
France
2,333,755
—
Total
Escrows
and
Litigation
Trusts
(Cost
$
–
)
.................................
—
Total
Long
Term
Investments
(Cost
$
502,259,291
)
.............................
771,886,842
a
Short
Term
Investments
5.2%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
3.9%
g,h
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.089
%
..
United
States
31,702,291
31,702,291
Total
Money
Market
Funds
(Cost
$
31,702,291
)
................................
31,702,291
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
1.3%
Money
Market
Funds
1.3%
g,h
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.089
%
..
United
States
10,090,615
10,090,615
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$
10,090,615
)
.........................................................
10,090,615
Total
Short
Term
Investments
(Cost
$
41,792,906
)
..............................
41,792,906
a
Total
Investments
(Cost
$
544,052,197
)
101.4
%
................................
$813,679,748
Other
Assets,
less
Liabilities
(
1.4
)
%
.........................................
(10,910,896)
Net
Assets
100.0%
.........................................................
$802,768,852
a
a
a
*
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
A
portion
or
all
of
the
security
is
on
loan
at
January
31,
2025.
c
See
Note
4
regarding
holdings
of
5%
voting
securities.
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Biotechnology
Discovery
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
5
d
Fair
valued
using
significant
unobservable
inputs.
See
Note
6
regarding
fair
value
measurements.
e
See
Note
3
regarding
restricted
securities.
f
Variable
rate
security.
The
rate
shown
represents
the
yield
at
period
end.
g
See
Note
5
regarding
investments
in
affiliated
management
investment
companies.
h
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited),
January
31,
2025
Franklin
Core
Plus
Bond
Fund
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
6
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
0.0%
†
Broadline
Retail
0.0%
a,b,c
K2016470219
South
Africa
Ltd.
,
A
.......................
South
Africa
125,940,079
$
—
a,b,c
K2016470219
South
Africa
Ltd.
,
B
.......................
South
Africa
12,532,821
—
—
Hotels,
Restaurants
&
Leisure
0.0%
†
b
24
Hour
Fitness
Worldwide,
Inc.
........................
United
States
45,334
1,927
Machinery
0.0%
†
UTEX
Industries,
Inc.
................................
United
States
16,788
623,951
Oil,
Gas
&
Consumable
Fuels
0.0%
†
b
Amplify
Energy
Corp.
................................
United
States
5,288
28,238
Birch
Permian
Holdings,
Inc.
...........................
United
States
46,176
285,137
313,375
Total
Common
Stocks
(Cost
$
12,354,962
)
....................................
939,253
Management
Investment
Companies
0.9%
Capital
Markets
0.9%
a,d
Franklin
BSP
Real
Estate
Credit
BDC
....................
United
States
786,907
20,806,680
Total
Management
Investment
Companies
(Cost
$
20,405,983
)
..................
20,806,680
Preferred
Stocks
0.0%
†
Hotels,
Restaurants
&
Leisure
0.0%
†
b
24
Hour
Fitness
Worldwide,
Inc.
........................
United
States
107,362
11,005
b
Total
Preferred
Stocks
(Cost
$
1,611
)
.........................................
11,005
Warrants
Warrants
0.0%
†
Machinery
0.0%
†
a,b
UTEX
Industries,
Inc.
,
2/20/49
..........................
United
States
1,440
6
Oil,
Gas
&
Consumable
Fuels
0.0%
a,b
Canvas
Energy,
Inc.
,
10/01/25
..........................
United
States
9
—
Software
0.0%
a,b,c
WorkCapital
BSD
SARL
,
2/13/26
........................
Luxembourg
6,000,000
—
Total
Warrants
(Cost
$
751,272
)
..............................................
6
Principal
Amount
*
Corporate
Bonds
50.5%
Aerospace
&
Defense
1.0%
Boeing
Co.
(The)
,
Senior
Bond
,
3.625%,
2/01/31
........................
United
States
5,000,000
4,571,155
Senior
Note
,
5.15%,
5/01/30
.........................
United
States
8,100,000
8,051,554
e
Bombardier,
Inc.
,
Senior
Note
,
144A,
7%,
6/01/32
...........
Canada
5,100,000
5,206,906
Howmet
Aerospace,
Inc.
,
Senior
Note
,
4.85%,
10/15/31
.......
United
States
2,100,000
2,075,354
e
TransDigm,
Inc.
,
Senior
Secured
Note
,
144A,
6%,
1/15/33
.....
United
States
4,500,000
4,443,286
24,348,255
Air
Freight
&
Logistics
0.0%
†
FedEx
Corp.
,
Senior
Bond
,
4.05%,
2/15/48
................
United
States
1,200,000
905,693
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
7
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Automobile
Components
0.3%
e
Adient
Global
Holdings
Ltd.
,
Senior
Note
,
144A,
7.5%,
2/15/33
.....................
United
States
650,000
$
659,476
Senior
Secured
Note
,
144A,
7%,
4/15/28
................
United
States
2,000,000
2,028,128
e
Allison
Transmission,
Inc.
,
Senior
Bond
,
144A,
5.875%,
6/01/29
United
States
5,000,000
5,017,110
7,704,714
Automobiles
0.3%
e
Hyundai
Capital
America
,
Senior
Note
,
144A,
5.35%,
3/19/29
..
United
States
1,300,000
1,308,563
e
Jaguar
Land
Rover
Automotive
plc
,
Senior
Note
,
144A,
5.5%,
7/15/29
.........................................
United
Kingdom
7,000,000
6,892,568
8,201,131
Banks
6.0%
e
ABN
AMRO
Bank
NV
,
Senior
Non-Preferred
Note
,
144A,
6.339%
to
9/17/26,
FRN
thereafter
,
9/18/27
.....................
Netherlands
2,100,000
2,148,646
Banco
Santander
SA
,
Sub.
Bond
,
2.749%,
12/03/30
.........
Spain
3,000,000
2,573,914
Bank
of
America
Corp.
,
Senior
Bond
,
2.299%
to
7/20/31,
FRN
thereafter
,
7/21/32
...
United
States
3,500,000
2,946,072
Senior
Bond
,
4.571%
to
4/26/32,
FRN
thereafter
,
4/27/33
...
United
States
8,000,000
7,655,773
Senior
Note
,
4.376%
to
4/26/27,
FRN
thereafter
,
4/27/28
....
United
States
9,500,000
9,409,506
e
BNP
Paribas
SA
,
Senior
Preferred
Note
,
144A,
5.176%
to
1/08/29,
FRN
thereafter
,
1/09/30
......................
France
6,500,000
6,524,333
e
BPCE
SA
,
Senior
Non-Preferred
Note
,
144A,
2.045%
to
10/18/26,
FRN
thereafter
,
10/19/27
............................
France
7,900,000
7,504,326
Citigroup,
Inc.
,
Senior
Bond
,
4.412%
to
3/30/30,
FRN
thereafter
,
3/31/31
...
United
States
5,600,000
5,406,552
Senior
Note
,
5.61%
to
9/28/25,
FRN
thereafter
,
9/29/26
.....
United
States
15,500,000
15,581,912
HSBC
Holdings
plc
,
Senior
Bond
,
2.848%
to
6/03/30,
FRN
thereafter
,
6/04/31
...
United
Kingdom
8,300,000
7,342,089
Senior
Note
,
5.21%
to
8/10/27,
FRN
thereafter
,
8/11/28
.....
United
Kingdom
5,850,000
5,881,947
JPMorgan
Chase
&
Co.
,
Senior
Bond
,
2.522%
to
4/21/30,
FRN
thereafter
,
4/22/31
...
United
States
9,400,000
8,317,417
Senior
Bond
,
1.953%
to
2/03/31,
FRN
thereafter
,
2/04/32
...
United
States
3,400,000
2,850,042
Senior
Bond
,
5.336%
to
1/22/34,
FRN
thereafter
,
1/23/35
...
United
States
2,500,000
2,494,963
Mizuho
Financial
Group,
Inc.
,
Senior
Note
,
5.778%
to
7/05/28,
FRN
thereafter
,
7/06/29
.............................
Japan
5,100,000
5,230,797
Royal
Bank
of
Canada
,
Senior
Note
,
5.2%,
8/01/28
..........
Canada
1,800,000
1,822,770
Santander
UK
Group
Holdings
plc
,
Senior
Note
,
1.673%
to
6/23/26,
FRN
thereafter
,
6/14/27
......................
United
Kingdom
6,700,000
6,400,128
e
Societe
Generale
SA
,
Senior
Non-Preferred
Bond
,
144A,
2.889%
to
6/08/31,
FRN
thereafter
,
6/09/32
.................................
France
7,500,000
6,332,141
Senior
Non-Preferred
Note
,
144A,
1.792%
to
6/08/26,
FRN
thereafter
,
6/09/27
.................................
France
7,200,000
6,877,661
Toronto-Dominion
Bank
(The)
,
Senior
Note
,
4.693%,
9/15/27
...
Canada
9,900,000
9,905,413
Truist
Financial
Corp.
,
Senior
Note
,
5.9%
to
10/27/25,
FRN
thereafter
,
10/28/26
................................
United
States
7,900,000
7,958,211
e
UniCredit
SpA
,
Senior
Preferred
Bond
,
144A,
3.127%
to
6/02/31,
FRN
thereafter
,
6/03/32
.............................
Italy
5,300,000
4,651,429
Wells
Fargo
&
Co.
,
Senior
Note
,
6.303%
to
10/22/28,
FRN
thereafter
,
10/23/29
..
United
States
7,400,000
7,727,292
Senior
Note
,
5.198%
to
1/22/29,
FRN
thereafter
,
1/23/30
....
United
States
4,400,000
4,427,012
147,970,346
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
8
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Beverages
0.2%
e
Primo
Water
Holdings,
Inc.
,
Senior
Note
,
144A,
4.375%,
4/30/29
United
States
5,700,000
$
5,390,068
Biotechnology
0.4%
Amgen,
Inc.
,
Senior
Bond
,
4.2%,
3/01/33
..........................
United
States
4,000,000
3,717,695
Senior
Bond
,
5.25%,
3/02/33
.........................
United
States
6,600,000
6,579,561
10,297,256
Broadline
Retail
0.2%
a
,e
,f
,g
K2016470219
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
3%,
12/31/22
.....................................
South
Africa
10,914,248
—
a
,e
,f
,g
K2016470260
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
25%,
12/31/22
....................................
South
Africa
4,807,777
—
e
Wayfair
LLC
,
Senior
Secured
Note
,
144A,
7.25%,
10/31/29
....
United
States
4,500,000
4,603,050
4,603,050
Building
Products
0.5%
e
Camelot
Return
Merger
Sub,
Inc.
,
Senior
Secured
Note
,
144A,
8.75%,
8/01/28
...................................
United
States
3,300,000
3,244,579
e
EMRLD
Borrower
LP
/
Emerald
Co-Issuer,
Inc.
,
Senior
Secured
Note
,
144A,
6.625%,
12/15/30
........................
United
States
4,000,000
4,050,924
e
Miter
Brands
Acquisition
Holdco,
Inc.
/
MIWD
Borrower
LLC
,
Senior
Secured
Note
,
144A,
6.75%,
4/01/32
..............
United
States
2,900,000
2,936,804
e
Quikrete
Holdings,
Inc.
,
Senior
Note
,
144A,
6.75%,
3/01/33
....................
United
States
500,000
501,875
Senior
Secured
Note
,
144A,
6.375%,
3/01/32
............
United
States
1,000,000
1,003,740
e
Standard
Building
Solutions,
Inc.
,
Senior
Note
,
144A,
6.5%,
8/15/32
.........................................
United
States
1,600,000
1,616,981
13,354,903
Capital
Markets
3.3%
Deutsche
Bank
AG
,
Senior
Preferred
Note
,
5.371%,
9/09/27
...
Germany
7,800,000
7,922,596
Goldman
Sachs
Group,
Inc.
(The)
,
Senior
Bond
,
2.383%
to
7/20/31,
FRN
thereafter
,
7/21/32
...
United
States
6,500,000
5,481,604
Senior
Bond
,
5.536%
to
1/27/35,
FRN
thereafter
,
1/28/36
...
United
States
9,800,000
9,795,975
Senior
Note
,
4.387%
to
6/14/26,
FRN
thereafter
,
6/15/27
....
United
States
3,400,000
3,386,612
Senior
Note
,
1.948%
to
10/20/26,
FRN
thereafter
,
10/21/27
..
United
States
3,000,000
2,857,410
e
Jane
Street
Group
/
JSG
Finance,
Inc.
,
Senior
Secured
Note
,
144A,
6.125%,
11/01/32
.............................
United
States
4,200,000
4,182,365
Morgan
Stanley
,
Senior
Bond
,
3.591%,
7/22/28
........................
United
States
10,000,000
9,683,385
Senior
Bond
,
1.794%
to
2/12/31,
FRN
thereafter
,
2/13/32
...
United
States
5,000,000
4,120,421
Senior
Bond
,
5.466%
to
1/17/34,
FRN
thereafter
,
1/18/35
...
United
States
1,900,000
1,896,481
e
MSCI,
Inc.
,
Senior
Bond
,
144A,
3.25%,
8/15/33
.............
United
States
11,800,000
9,984,329
e
Prologis
Targeted
US
Logistics
Fund
LP
,
Senior
Note
,
144A,
5.25%,
4/01/29
...................................
United
States
2,400,000
2,425,548
e
StoneX
Group,
Inc.
,
Senior
Secured
Note
,
144A,
7.875%,
3/01/31
United
States
2,600,000
2,739,968
UBS
Group
AG
,
Senior
Note
,
4.55%,
4/17/26
.........................
Switzerland
4,000,000
3,992,723
e
Senior
Note
,
144A,
2.193%
to
6/04/25,
FRN
thereafter
,
6/05/26
Switzerland
1,000,000
990,920
e
Senior
Note
,
144A,
6.373%
to
7/14/25,
FRN
thereafter
,
7/15/26
Switzerland
3,050,000
3,071,047
e
Senior
Note
,
144A,
5.711%
to
1/11/26,
FRN
thereafter
,
1/12/27
Switzerland
8,150,000
8,215,241
80,746,625
Chemicals
1.1%
e
Avient
Corp.
,
Senior
Note
,
144A,
6.25%,
11/01/31
...........
United
States
1,500,000
1,497,975
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
9
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Chemicals
(continued)
e
Braskem
Idesa
SAPI
,
Senior
Secured
Bond
,
144A,
6.99%,
2/20/32
.........................................
Mexico
3,500,000
$
2,755,850
Celanese
US
Holdings
LLC
,
Senior
Note
,
6.415%,
7/15/27
....
United
States
4,850,000
4,942,799
e
Cerdia
Finanz
GmbH
,
Senior
Secured
Note
,
144A,
9.375%,
10/03/31
........................................
Germany
2,000,000
2,093,600
e
Element
Solutions,
Inc.
,
Senior
Note
,
144A,
3.875%,
9/01/28
...
United
States
6,600,000
6,305,726
e
Rain
Carbon,
Inc.
,
Senior
Secured
Note
,
144A,
12.25%,
9/01/29
United
States
2,800,000
2,972,328
e
Syngenta
Finance
NV
,
Senior
Note
,
144A,
4.892%,
4/24/25
....
Switzerland
6,385,000
6,378,553
e
Yara
International
ASA
,
Senior
Bond
,
144A,
3.148%,
6/04/30
...
Brazil
1,400,000
1,261,835
28,208,666
Commercial
Services
&
Supplies
0.6%
e
Prime
Security
Services
Borrower
LLC
/
Prime
Finance,
Inc.
,
Senior
Secured
Note
,
144A,
3.375%,
8/31/27
.............
United
States
6,000,000
5,668,481
e
RR
Donnelley
&
Sons
Co.
,
Senior
Secured
Note
,
144A,
9.5%,
8/01/29
.........................................
United
States
3,000,000
3,091,836
e
Waste
Pro
USA,
Inc.
,
Senior
Note
,
144A,
7%,
2/01/33
........
United
States
800,000
810,903
e
Wrangler
Holdco
Corp.
,
Senior
Note
,
144A,
6.625%,
4/01/32
...
Canada
4,600,000
4,707,129
14,278,349
Construction
&
Engineering
0.2%
e
Arcosa,
Inc.
,
Senior
Note
,
144A,
4.375%,
4/15/29
...................
United
States
5,600,000
5,294,855
Senior
Note
,
144A,
6.875%,
8/15/32
...................
United
States
400,000
410,294
5,705,149
Construction
Materials
0.1%
e
Knife
River
Corp.
,
Senior
Note
,
144A,
7.75%,
5/01/31
........
United
States
1,900,000
1,987,795
Consumer
Finance
1.7%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
,
Senior
Bond
,
3.4%,
10/29/33
.........................
Ireland
7,700,000
6,575,824
American
Express
Co.
,
Senior
Bond
,
5.442%
to
1/29/35,
FRN
thereafter
,
1/30/36
.................................
United
States
10,000,000
10,002,587
Capital
One
Financial
Corp.
,
Senior
Bond
,
5.268%
to
5/09/32,
FRN
thereafter
,
5/10/33
.............................
United
States
8,600,000
8,416,911
e
FirstCash,
Inc.
,
Senior
Note
,
144A,
6.875%,
3/01/32
.........
United
States
6,000,000
6,090,672
OneMain
Finance
Corp.
,
Senior
Bond
,
5.375%,
11/15/29
.......................
United
States
2,300,000
2,233,910
Senior
Note
,
9%,
1/15/29
...........................
United
States
4,600,000
4,888,958
e
PROG
Holdings,
Inc.
,
Senior
Note
,
144A,
6%,
11/15/29
.......
United
States
3,300,000
3,192,997
41,401,859
Consumer
Staples
Distribution
&
Retail
0.2%
e
Cencosud
SA
,
Senior
Note
,
144A,
5.95%,
5/28/31
...........
Chile
600,000
604,273
e
US
Foods,
Inc.
,
Senior
Note
,
144A,
6.875%,
9/15/28
...................
United
States
3,300,000
3,392,898
Senior
Note
,
144A,
5.75%,
4/15/33
....................
United
States
1,400,000
1,364,497
5,361,668
Containers
&
Packaging
0.4%
e
Intelligent
Packaging
Ltd.
Finco,
Inc.
/
Intelligent
Packaging
Ltd.
Co-Issuer
LLC
,
Senior
Secured
Note
,
144A,
6%,
9/15/28
....
Canada
525,000
522,753
e
Sealed
Air
Corp.
,
Senior
Note
,
144A,
6.125%,
2/01/28
........
United
States
4,000,000
4,039,540
e
Trivium
Packaging
Finance
BV
,
Senior
Secured
Note
,
144A,
5.5%,
8/15/26
....................................
Netherlands
2,000,000
1,991,380
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
10
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Containers
&
Packaging
(continued)
WRKCo,
Inc.
,
Senior
Bond
,
3%,
6/15/33
..................
United
States
3,600,000
$
3,042,725
9,596,398
Distributors
0.2%
e
Ritchie
Bros
Holdings,
Inc.
,
Senior
Note
,
144A,
7.75%,
3/15/31
....................
Canada
2,700,000
2,846,402
Senior
Secured
Note
,
144A,
6.75%,
3/15/28
.............
Canada
1,500,000
1,539,102
4,385,504
Diversified
Consumer
Services
0.3%
Grand
Canyon
University
,
Secured
Note
,
5.125%,
10/01/28
....
United
States
7,500,000
7,117,384
Diversified
REITs
0.2%
e
Global
Net
Lease,
Inc.
/
Global
Net
Lease
Operating
Partnership
LP
,
Senior
Note
,
144A,
3.75%,
12/15/27
.................
United
States
5,000,000
4,651,102
Diversified
Telecommunication
Services
0.7%
AT&T,
Inc.
,
Senior
Bond
,
2.55%,
12/01/33
........................
United
States
5,000,000
4,037,932
Senior
Bond
,
3.65%,
9/15/59
.........................
United
States
4,000,000
2,670,482
e
Iliad
Holding
SASU
,
Senior
Secured
Note
,
144A,
7%,
10/15/28
...............
France
2,000,000
2,037,832
Senior
Secured
Note
,
144A,
7%,
4/15/32
................
France
2,075,000
2,106,557
Verizon
Communications,
Inc.
,
Senior
Note
,
2.355%,
3/15/32
..
United
States
8,400,000
6,990,641
17,843,444
Electric
Utilities
2.4%
e
California
Buyer
Ltd.
/
Atlantica
Sustainable
Infrastructure
plc
,
Senior
Note
,
144A,
6.375%,
2/15/32
....................
United
Kingdom
1,400,000
1,380,600
Duke
Energy
Corp.
,
Senior
Bond
,
2.45%,
6/01/30
.........................
United
States
6,200,000
5,456,333
Senior
Bond
,
3.75%,
9/01/46
.........................
United
States
1,600,000
1,176,172
Duke
Energy
Ohio,
Inc.
,
Senior
Bond
,
5.25%,
4/01/33
........
United
States
1,000,000
1,001,087
Exelon
Corp.
,
Senior
Bond
,
4.05%,
4/15/30
.........................
United
States
13,400,000
12,804,182
Senior
Bond
,
4.45%,
4/15/46
.........................
United
States
1,400,000
1,164,179
NextEra
Energy
Capital
Holdings,
Inc.
,
Senior
Note
,
6.051%,
3/01/25
.........................................
United
States
3,300,000
3,303,220
e
NRG
Energy,
Inc.
,
Senior
Note
,
144A,
5.75%,
7/15/29
........
United
States
6,000,000
5,925,365
Southern
Co.
(The)
,
Senior
Bond
,
4.4%,
7/01/46
..........................
United
States
5,000,000
4,126,675
Senior
Note
,
5.5%,
3/15/29
..........................
United
States
6,100,000
6,228,128
Virginia
Electric
and
Power
Co.
,
Senior
Bond
,
6.35%,
11/30/37
.
United
States
820,000
876,085
e
Vistra
Operations
Co.
LLC
,
Senior
Note
,
144A,
4.375%,
5/01/29
...................
United
States
5,000,000
4,750,108
Senior
Secured
Bond
,
144A,
4.3%,
7/15/29
..............
United
States
6,000,000
5,753,089
Xcel
Energy,
Inc.
,
Senior
Bond
,
5.45%,
8/15/33
.............
United
States
4,500,000
4,455,505
58,400,728
Electrical
Equipment
0.1%
Eaton
Corp.
,
Senior
Bond
,
4.15%,
3/15/33
.................
United
States
1,900,000
1,791,678
Electronic
Equipment,
Instruments
&
Components
0.8%
CDW
LLC
/
CDW
Finance
Corp.
,
Senior
Note
,
3.25%,
2/15/29
..
United
States
5,000,000
4,649,279
Flex
Ltd.
,
Senior
Bond
,
4.875%,
5/12/30
..................
United
States
7,100,000
6,973,488
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
11
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Electronic
Equipment,
Instruments
&
Components
(continued)
e
TTM
Technologies,
Inc.
,
Senior
Note
,
144A,
4%,
3/01/29
......
United
States
4,000,000
$
3,755,431
e
Zebra
Technologies
Corp.
,
Senior
Note
,
144A,
6.5%,
6/01/32
..
United
States
3,400,000
3,479,625
18,857,823
Energy
Equipment
&
Services
0.4%
e
Kodiak
Gas
Services
LLC
,
Senior
Note
,
144A,
7.25%,
2/15/29
..
United
States
5,000,000
5,150,380
e
Transocean,
Inc.
,
Senior
Secured
Note
,
144A,
8.75%,
2/15/30
..
United
States
4,250,000
4,435,432
9,585,812
Entertainment
0.2%
e
Banijay
Entertainment
SAS
,
Senior
Secured
Note
,
144A,
7%,
5/01/29
................
France
2,800,000
EUR
3,063,042
Senior
Secured
Note
,
144A,
8.125%,
5/01/29
............
France
308,809
321,401
Warnermedia
Holdings,
Inc.
,
Senior
Note
,
4.054%,
3/15/29
....
United
States
2,100,000
1,972,096
5,356,539
Financial
Services
0.5%
a
,g
,h
Cia
Securitizadora
de
Creditos
Financeiros
Vert-Fintech
,
12
,
Senior
Secured
Note
,
FRN
,
14.9%,
(
BZDIOVRA
+
5.75
%
),
2/14/24
.........................................
Brazil
11,513,000
BRL
—
Corebridge
Financial,
Inc.
,
Senior
Note
,
6.05%,
9/15/33
.......
United
States
4,900,000
5,066,074
e
GGAM
Finance
Ltd.
,
Senior
Note
,
144A,
5.875%,
3/15/30
.....
Ireland
2,000,000
1,985,039
e
Nationstar
Mortgage
Holdings,
Inc.
,
Senior
Bond
,
144A,
5.75%,
11/15/31
........................................
United
States
5,800,000
5,617,469
12,668,582
Food
Products
0.8%
e
Bimbo
Bakeries
USA,
Inc.
,
Senior
Bond
,
144A,
4%,
5/17/51
...
Mexico
2,000,000
1,456,332
e
Darling
Ingredients,
Inc.
,
Senior
Note
,
144A,
6%,
6/15/30
.....
United
States
4,000,000
3,983,702
JBS
USA
Holding
Lux
SARL
/
JBS
USA
Food
Co.
/
JBS
Lux
Co.
SARL
,
Senior
Note
,
2.5%,
1/15/27
..........................
United
States
4,800,000
4,577,875
Senior
Note
,
3%,
2/02/29
...........................
United
States
1,500,000
1,382,651
Senior
Note
,
3.625%,
1/15/32
........................
United
States
3,500,000
3,098,971
Mondelez
International,
Inc.
,
Senior
Bond
,
4.75%,
8/28/34
.....
United
States
2,300,000
2,207,456
e
Post
Holdings,
Inc.
,
Senior
Secured
Note
,
144A,
6.25%,
2/15/32
United
States
3,100,000
3,106,209
19,813,196
Gas
Utilities
0.1%
Piedmont
Natural
Gas
Co.,
Inc.
,
Senior
Bond
,
3.35%,
6/01/50
..
United
States
2,800,000
1,850,579
Ground
Transportation
0.8%
e
Ashtead
Capital,
Inc.
,
Senior
Bond
,
144A,
5.8%,
4/15/34
......
United
Kingdom
900,000
903,981
e
Avis
Budget
Car
Rental
LLC
/
Avis
Budget
Finance,
Inc.
,
Senior
Note
,
144A,
8.25%,
1/15/30
..........................
United
States
4,000,000
4,134,904
CSX
Corp.
,
Senior
Bond
,
4.1%,
3/15/44
..................
United
States
1,600,000
1,324,080
e
First
Student
Bidco,
Inc.
/
First
Transit
Parent,
Inc.
,
Senior
Secured
Note
,
144A,
4%,
7/31/29
.....................
United
States
4,000,000
3,727,864
e
Watco
Cos.
LLC
/
Watco
Finance
Corp.
,
Senior
Note
,
144A,
7.125%,
8/01/32
...................................
United
States
2,800,000
2,904,997
e
XPO,
Inc.
,
Senior
Note
,
144A,
7.125%,
2/01/32
.............
United
States
5,600,000
5,784,750
18,780,576
Health
Care
Equipment
&
Supplies
0.7%
e
Bausch
+
Lomb
Corp.
,
Senior
Secured
Note
,
144A,
8.375%,
10/01/28
........................................
United
States
7,000,000
7,337,470
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
12
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Health
Care
Equipment
&
Supplies
(continued)
Baxter
International,
Inc.
,
Senior
Note
,
2.272%,
12/01/28
......
United
States
4,700,000
$
4,271,290
e
Neogen
Food
Safety
Corp.
,
Senior
Note
,
144A,
8.625%,
7/20/30
United
States
5,600,000
5,989,861
17,598,621
Health
Care
Providers
&
Services
2.4%
Centene
Corp.
,
Senior
Note
,
4.25%,
12/15/27
........................
United
States
3,000,000
2,909,509
Senior
Note
,
2.45%,
7/15/28
.........................
United
States
2,300,000
2,084,484
Senior
Note
,
4.625%,
12/15/29
.......................
United
States
2,300,000
2,190,790
Senior
Note
,
3.375%,
2/15/30
........................
United
States
1,400,000
1,255,350
Senior
Note
,
2.625%,
8/01/31
........................
United
States
5,300,000
4,389,054
e
CHS/Community
Health
Systems,
Inc.
,
Senior
Secured
Note
,
144A,
5.625%,
3/15/27
............
United
States
3,700,000
3,595,743
Senior
Secured
Note
,
144A,
6%,
1/15/29
................
United
States
3,300,000
3,011,393
Senior
Secured
Note
,
144A,
10.875%,
1/15/32
...........
United
States
1,000,000
1,031,223
e
Concentra
Escrow
Issuer
Corp.
,
Senior
Note
,
144A,
6.875%,
7/15/32
.........................................
United
States
1,500,000
1,552,953
CVS
Health
Corp.
,
Senior
Bond
,
1.75%,
8/21/30
.........................
United
States
4,000,000
3,313,735
Senior
Bond
,
5.3%,
6/01/33
..........................
United
States
3,000,000
2,918,873
Senior
Bond
,
2.7%,
8/21/40
..........................
United
States
6,300,000
4,191,082
e
DaVita,
Inc.
,
Senior
Note
,
144A,
4.625%,
6/01/30
...........
United
States
8,000,000
7,448,549
Elevance
Health,
Inc.
,
Senior
Bond
,
3.7%,
9/15/49
..........
United
States
1,400,000
999,043
HCA,
Inc.
,
Senior
Bond
,
3.5%,
9/01/30
...................
United
States
11,900,000
10,877,813
Icon
Investments
Six
DAC
,
Senior
Secured
Bond
,
6%,
5/08/34
.
United
States
460,000
465,956
e
Kedrion
SpA
,
Senior
Secured
Note
,
144A,
6.5%,
9/01/29
......
Italy
5,000,000
4,771,825
e
MPH
Acquisition
Holdings
LLC
,
Senior
Secured
Note
,
144A,
5.75%,
12/31/30
............
United
States
441,136
353,460
f
Senior
Secured
Note
,
144A,
PIK,
11.5%,
12/31/30
.........
United
States
675,154
581,477
f
Senior
Secured
Note
,
144A,
PIK,
6.75%,
3/31/31
.........
United
States
3,783,708
2,085,769
60,028,081
Health
Care
REITs
0.2%
Alexandria
Real
Estate
Equities,
Inc.
,
Senior
Bond
,
5.25%,
5/15/36
.........................................
United
States
2,200,000
2,138,279
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp.
,
Senior
Bond
,
3.5%,
3/15/31
..........................
United
States
4,000,000
2,685,834
e,i
Senior
Secured
Note
,
144A,
8.5%,
2/15/32
..............
United
States
600,000
610,055
5,434,168
Hotel
&
Resort
REITs
0.4%
e
Pebblebrook
Hotel
LP
/
PEB
Finance
Corp.
,
Senior
Note
,
144A,
6.375%,
10/15/29
..................................
United
States
2,000,000
1,998,424
e
RHP
Hotel
Properties
LP
/
RHP
Finance
Corp.
,
Senior
Note
,
144A,
6.5%,
4/01/32
...............................
United
States
7,300,000
7,360,335
e
XHR
LP
,
Senior
Note
,
144A,
6.625%,
5/15/30
..............
United
States
525,000
531,318
9,890,077
Hotels,
Restaurants
&
Leisure
1.8%
e
1011778
BC
ULC
/
New
Red
Finance,
Inc.
,
Secured
Bond
,
144A,
4%,
10/15/30
.....................................
Canada
6,000,000
5,438,032
e
Allwyn
Entertainment
Financing
UK
plc
,
Senior
Secured
Note
,
144A,
7.875%,
4/30/29
..............................
Czech
Republic
6,000,000
6,258,021
e
Caesars
Entertainment,
Inc.
,
Senior
Note
,
144A,
4.625%,
10/15/29
..................
United
States
4,000,000
3,778,856
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
13
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Hotels,
Restaurants
&
Leisure
(continued)
e
Caesars
Entertainment,
Inc.,
(continued)
Senior
Note
,
144A,
6%,
10/15/32
.....................
United
States
600,000
$
583,911
e
Great
Canadian
Gaming
Corp.
,
Senior
Secured
Note
,
144A,
8.75%,
11/15/29
...................................
Canada
800,000
830,934
Marriott
International,
Inc.
,
Senior
Bond
,
5.3%,
5/15/34
.......
United
States
2,200,000
2,181,350
e
NCL
Corp.
Ltd.
,
Senior
Note
,
144A,
6.75%,
2/01/32
..........
United
States
1,800,000
1,829,230
e
Papa
John's
International,
Inc.
,
Senior
Note
,
144A,
3.875%,
9/15/29
.........................................
United
States
3,600,000
3,272,876
e
Royal
Caribbean
Cruises
Ltd.
,
Senior
Note
,
144A,
5.625%,
9/30/31
...................
United
States
1,500,000
1,489,814
Senior
Note
,
144A,
6%,
2/01/33
......................
United
States
5,500,000
5,546,997
e
Six
Flags
Entertainment
Corp.
/
Six
Flags
Theme
Parks,
Inc.
,
Senior
Secured
Note
,
144A,
6.625%,
5/01/32
.............
United
States
5,200,000
5,315,899
e
Viking
Cruises
Ltd.
,
Senior
Note
,
144A,
7%,
2/15/29
.........
United
States
2,400,000
2,424,962
e
Wynn
Resorts
Finance
LLC
/
Wynn
Resorts
Capital
Corp.
,
Senior
Bond
,
144A,
5.125%,
10/01/29
........................
United
States
5,000,000
4,849,584
43,800,466
Household
Durables
0.6%
e
LGI
Homes,
Inc.
,
Senior
Note
,
144A,
8.75%,
12/15/28
........
United
States
6,000,000
6,361,842
Toll
Brothers
Finance
Corp.
,
Senior
Bond
,
3.8%,
11/01/29
.....
United
States
4,900,000
4,624,597
e
Weekley
Homes
LLC
/
Weekley
Finance
Corp.
,
Senior
Note
,
144A,
4.875%,
9/15/28
..............................
United
States
4,000,000
3,848,016
14,834,455
Household
Products
0.2%
e
Central
Garden
&
Pet
Co.
,
Senior
Bond
,
144A,
4.125%,
4/30/31
United
States
5,000,000
4,490,922
Independent
Power
and
Renewable
Electricity
Producers
1.1%
e
AES
Andes
SA
,
Senior
Note
,
144A,
6.3%,
3/15/29
...........
Chile
4,600,000
4,671,410
e
Atlantica
Sustainable
Infrastructure
plc
,
Senior
Note
,
144A,
4.125%,
6/15/28
...................................
Spain
5,000,000
4,739,766
e
Clearway
Energy
Operating
LLC
,
Senior
Note
,
144A,
3.75%,
2/15/31
.........................................
United
States
5,300,000
4,697,537
Constellation
Energy
Generation
LLC
,
Senior
Bond
,
6.125%,
1/15/34
.........................................
United
States
2,000,000
2,080,507
e
Leeward
Renewable
Energy
Operations
LLC
,
Senior
Note
,
144A,
4.25%,
7/01/29
...................................
United
States
4,300,000
3,925,732
e
Talen
Energy
Supply
LLC
,
Senior
Secured
Note
,
144A,
8.625%,
6/01/30
.........................................
United
States
7,200,000
7,686,346
27,801,298
Industrials
0.1%
e
Efesto
Bidco
Spa
Efesto
US
LLC
,
Senior
Secured
Note
,
144A,
7.5%,
2/15/32
....................................
Italy
3,600,000
3,600,000
Insurance
2.3%
e
Acrisure
LLC
/
Acrisure
Finance,
Inc.
,
Senior
Secured
Note
,
144A,
7.5%,
11/06/30
....................................
United
States
4,500,000
4,655,623
e
AIA
Group
Ltd.
,
Senior
Bond
,
144A,
4.95%,
4/04/33
.........
Hong
Kong
3,100,000
3,064,577
e
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
,
Senior
Secured
Note
,
144A,
6.75%,
4/15/28
.............
United
States
6,000,000
6,067,368
Senior
Secured
Note
,
144A,
7%,
1/15/31
................
United
States
1,900,000
1,934,902
Arch
Capital
Group
Ltd.
,
Senior
Bond
,
3.635%,
6/30/50
.......
United
States
10,000,000
7,120,283
Arthur
J
Gallagher
&
Co.
,
Senior
Note
,
5%,
2/15/32
..........
United
States
2,075,000
2,040,236
e
Corebridge
Global
Funding
,
Secured
Note
,
144A,
5.9%,
9/19/28
United
States
2,100,000
2,168,867
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
14
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Insurance
(continued)
F&G
Annuities
&
Life,
Inc.
,
Senior
Note
,
6.5%,
6/04/29
.......
United
States
2,200,000
$
2,247,871
e
Metropolitan
Life
Global
Funding
I
,
Secured
Note
,
144A,
5.05%,
1/06/28
...................
United
States
9,600,000
9,692,066
Secured
Note
,
144A,
4.3%,
8/25/29
....................
United
States
3,000,000
2,929,479
e
Northwestern
Mutual
Global
Funding
,
Secured
Note
,
144A,
4.9%,
6/12/28
.........................................
United
States
5,600,000
5,629,087
e
RGA
Global
Funding
,
Secured
Note
,
144A,
5.5%,
1/11/31
.....
United
States
6,400,000
6,479,855
e
Sammons
Financial
Group,
Inc.
,
Senior
Bond
,
144A,
6.875%,
4/15/34
.........................................
United
States
3,700,000
3,883,949
57,914,163
Interactive
Media
&
Services
0.3%
e
,j
Tencent
Holdings
Ltd.
,
Senior
Note
,
144A,
2.39%,
6/03/30
.....
China
9,100,000
8,020,272
IT
Services
0.8%
e
Cablevision
Lightpath
LLC
,
Senior
Secured
Note
,
144A,
3.875%,
9/15/27
.........................................
United
States
5,600,000
5,287,491
e
Fortress
Intermediate
3,
Inc.
,
Senior
Secured
Note
,
144A,
7.5%,
6/01/31
.........................................
United
States
3,100,000
3,200,148
e
Gartner,
Inc.
,
Senior
Note
,
144A,
4.5%,
7/01/28
.....................
United
States
7,000,000
6,839,909
Senior
Note
,
144A,
3.625%,
6/15/29
...................
United
States
3,800,000
3,560,752
18,888,300
Machinery
0.4%
e
ESAB
Corp.
,
Senior
Note
,
144A,
6.25%,
4/15/29
............
United
States
3,400,000
3,450,018
e
Manitowoc
Co.,
Inc.
(The)
,
Secured
Note
,
144A,
9.25%,
10/01/31
United
States
2,700,000
2,810,079
e
Terex
Corp.
,
Senior
Note
,
144A,
6.25%,
10/15/32
...........
United
States
2,900,000
2,870,425
9,130,522
Media
2.1%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
Corp.
,
Senior
Secured
Bond
,
2.8%,
4/01/31
...............................
United
States
15,900,000
13,509,831
e
Clear
Channel
Outdoor
Holdings,
Inc.
,
Senior
Secured
Note
,
144A,
5.125%,
8/15/27
............
United
States
2,400,000
2,339,573
Senior
Secured
Note
,
144A,
7.875%,
4/01/30
............
United
States
300,000
310,794
Comcast
Corp.
,
Senior
Bond
,
4.8%,
5/15/33
...............
United
States
5,200,000
5,042,406
e
Directv
Financing
LLC
/
Directv
Financing
Co-Obligor,
Inc.
,
Senior
Secured
Note
,
144A,
5.875%,
8/15/27
..................
United
States
6,000,000
5,945,502
Fox
Corp.
,
Senior
Bond
,
3.5%,
4/08/30
..........................
United
States
1,400,000
1,303,162
Senior
Bond
,
6.5%,
10/13/33
.........................
United
States
5,500,000
5,807,224
e
McGraw-Hill
Education,
Inc.
,
Senior
Secured
Note
,
144A,
7.375%,
9/01/31
...................................
United
States
4,400,000
4,581,980
e
Outfront
Media
Capital
LLC
/
Outfront
Media
Capital
Corp.
,
Senior
Bond
,
144A,
4.625%,
3/15/30
...................
United
States
2,500,000
2,325,528
Senior
Secured
Note
,
144A,
7.375%,
2/15/31
............
United
States
2,200,000
2,307,032
Paramount
Global
,
Senior
Bond
,
4.2%,
5/19/32
.............
United
States
7,300,000
6,508,797
e
,i
Sinclair
Television
Group,
Inc.
,
Senior
Secured
Note
,
144A,
8.125%,
2/15/33
...................................
United
States
2,750,000
2,767,273
52,749,102
Metals
&
Mining
1.0%
e
Cleveland-Cliffs,
Inc.
,
Senior
Note
,
144A,
7%,
3/15/32
......................
United
States
3,200,000
3,196,159
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
15
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Metals
&
Mining
(continued)
e
Cleveland-Cliffs,
Inc.,
(continued)
Senior
Note
,
144A,
7.375%,
5/01/33
...................
United
States
1,200,000
$
1,194,326
e
Constellium
SE
,
Senior
Note
,
144A,
3.75%,
4/15/29
....................
United
States
4,000,000
3,650,053
Senior
Note
,
144A,
6.375%,
8/15/32
...................
United
States
900,000
887,934
e
Indonesia
Asahan
Aluminium
PT
/
Mineral
Industri
Indonesia
Persero
PT
,
Senior
Bond
,
144A,
5.45%,
5/15/30
...........
Indonesia
6,900,000
6,919,706
e
Novelis,
Inc.
,
Senior
Note
,
144A,
6.875%,
1/30/30
...........
United
States
1,100,000
1,126,961
e
POSCO
,
Senior
Note
,
144A,
5.625%,
1/17/26
..............
South
Korea
7,950,000
8,002,694
24,977,833
Multi-Utilities
0.6%
Dominion
Energy,
Inc.
,
A
,
Senior
Note
,
4.35%,
8/15/32
.......................
United
States
3,200,000
3,003,659
C
,
Senior
Note
,
3.375%,
4/01/30
......................
United
States
7,800,000
7,185,233
DTE
Energy
Co.
,
Senior
Note
,
4.875%,
6/01/28
.............
United
States
5,700,000
5,697,474
15,886,366
Oil,
Gas
&
Consumable
Fuels
5.5%
e
Aker
BP
ASA
,
Senior
Bond
,
144A,
3.1%,
7/15/31
............
Norway
8,700,000
7,548,861
e
Antero
Resources
Corp.
,
Senior
Note
,
144A,
7.625%,
2/01/29
..
United
States
4,969,000
5,099,854
e
Calumet
Specialty
Products
Partners
LP
/
Calumet
Finance
Corp.
,
Senior
Secured
Note
,
144A,
9.25%,
7/15/29
..............
United
States
4,400,000
4,543,000
Canadian
Natural
Resources
Ltd.
,
Senior
Bond
,
2.95%,
7/15/30
Canada
8,200,000
7,327,999
Cheniere
Energy,
Inc.
,
Senior
Note
,
5.65%,
4/15/34
..........
United
States
1,600,000
1,600,479
e
Civitas
Resources,
Inc.
,
Senior
Note
,
144A,
8.375%,
7/01/28
...................
United
States
3,300,000
3,455,496
Senior
Note
,
144A,
8.625%,
11/01/30
..................
United
States
1,000,000
1,060,757
Senior
Note
,
144A,
8.75%,
7/01/31
....................
United
States
3,300,000
3,484,510
e
Coronado
Finance
Pty.
Ltd.
,
Senior
Secured
Note
,
144A,
9.25%,
10/01/29
........................................
Australia
1,700,000
1,741,374
e
DT
Midstream,
Inc.
,
Senior
Bond
,
144A,
4.375%,
6/15/31
.....
United
States
6,600,000
6,108,868
Energy
Transfer
LP
,
Senior
Bond
,
3.75%,
5/15/30
.........................
United
States
7,300,000
6,824,281
e
Senior
Note
,
144A,
6%,
2/01/29
......................
United
States
4,000,000
4,061,584
EnLink
Midstream
LLC
,
Senior
Bond
,
5.375%,
6/01/29
........................
United
States
10,900,000
10,961,443
e
Senior
Note
,
144A,
5.625%,
1/15/28
...................
United
States
1,700,000
1,719,639
e
EQM
Midstream
Partners
LP
,
Senior
Note
,
144A,
7.5%,
6/01/27
United
States
800,000
820,659
e
Galaxy
Pipeline
Assets
Bidco
Ltd.
,
Senior
Secured
Bond
,
144A,
2.16%,
3/31/34
...................................
United
Arab
Emirates
2,322,870
2,020,668
e
Harbour
Energy
plc
,
Senior
Note
,
144A,
5.5%,
10/15/26
......
United
Kingdom
2,500,000
2,496,756
e
Hess
Midstream
Operations
LP
,
Senior
Note
,
144A,
6.5%,
6/01/29
United
States
2,700,000
2,756,624
e
Kinetik
Holdings
LP
,
Senior
Note
,
144A,
5.875%,
6/15/30
......
United
States
5,000,000
4,964,056
e
Matador
Resources
Co.
,
Senior
Note
,
144A,
6.5%,
4/15/32
.....................
United
States
5,400,000
5,416,935
Senior
Note
,
144A,
6.25%,
4/15/33
....................
United
States
2,100,000
2,074,590
MPLX
LP
,
Senior
Note
,
2.65%,
8/15/30
...................
United
States
15,000,000
13,208,078
Sabine
Pass
Liquefaction
LLC
,
Senior
Secured
Note
,
4.5%,
5/15/30
.........................................
United
States
10,000,000
9,706,622
Sunoco
LP
/
Sunoco
Finance
Corp.
,
Senior
Note
,
4.5%,
5/15/29
United
States
4,000,000
3,817,883
e
Var
Energi
ASA
,
Senior
Bond
,
144A,
8%,
11/15/32
..........
Norway
9,000,000
10,074,806
e
Venture
Global
Calcasieu
Pass
LLC
,
Senior
Secured
Bond
,
144A,
4.125%,
8/15/31
...................................
United
States
2,600,000
2,352,166
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
16
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Oil,
Gas
&
Consumable
Fuels
(continued)
e
Venture
Global
LNG,
Inc.
,
Senior
Secured
Note
,
144A,
8.375%,
6/01/31
.........................................
United
States
5,500,000
$
5,791,973
e
Viper
Energy,
Inc.
,
Senior
Note
,
144A,
7.375%,
11/01/31
......
United
States
3,600,000
3,768,149
134,808,110
Paper
&
Forest
Products
0.4%
Suzano
Austria
GmbH
,
Senior
Bond
,
3.75%,
1/15/31
.........................
Brazil
7,100,000
6,324,989
DM3N
,
Senior
Bond
,
3.125%,
1/15/32
..................
Brazil
4,400,000
3,684,750
10,009,739
Passenger
Airlines
0.1%
e
Delta
Air
Lines,
Inc.
/
SkyMiles
IP
Ltd.
,
Senior
Secured
Note
,
144A,
4.5%,
10/20/25
...............................
United
States
2,600,250
2,588,961
e
OneSky
Flight
LLC
,
Senior
Note
,
144A,
8.875%,
12/15/29
.....
United
States
700,000
717,675
3,306,636
Personal
Care
Products
0.9%
e
BellRing
Brands,
Inc.
,
Senior
Note
,
144A,
7%,
3/15/30
.......
United
States
3,000,000
3,113,499
e
Coty,
Inc.
/
HFC
Prestige
Products,
Inc.
/
HFC
Prestige
International
US
LLC
,
Senior
Secured
Note
,
144A,
4.75%,
1/15/29
.........................................
United
States
8,000,000
7,718,224
Estee
Lauder
Cos.,
Inc.
(The)
,
Senior
Bond
,
4.65%,
5/15/33
...
United
States
8,800,000
8,452,882
e
Prestige
Brands,
Inc.
,
Senior
Bond
,
144A,
3.75%,
4/01/31
.....
United
States
3,700,000
3,292,142
22,576,747
Pharmaceuticals
1.1%
e
Bayer
US
Finance
II
LLC
,
Senior
Bond
,
144A,
4.375%,
12/15/28
Germany
11,700,000
11,309,264
e
Endo
Finance
Holdings,
Inc.
,
Senior
Secured
Note
,
144A,
8.5%,
4/15/31
.........................................
United
States
3,200,000
3,426,893
Pfizer
Investment
Enterprises
Pte.
Ltd.
,
Senior
Bond
,
4.75%,
5/19/33
.........................................
United
States
3,500,000
3,403,398
Royalty
Pharma
plc
,
Senior
Bond
,
3.3%,
9/02/40
............
United
States
5,300,000
3,867,121
Teva
Pharmaceutical
Finance
Netherlands
III
BV
,
Senior
Note
,
5.125%,
5/09/29
...................................
Israel
4,000,000
3,916,545
25,923,221
Specialized
REITs
0.3%
e
Iron
Mountain,
Inc.
,
Senior
Note
,
144A,
7%,
2/15/29
.........
United
States
8,200,000
8,440,949
Specialty
Retail
0.1%
AutoNation,
Inc.
,
Senior
Bond
,
4.75%,
6/01/30
.............
United
States
1,900,000
1,851,485
Technology
Hardware,
Storage
&
Peripherals
0.5%
Dell
International
LLC
/
EMC
Corp.
,
Senior
Bond
,
5.4%,
4/15/34
United
States
7,800,000
7,768,728
Hewlett
Packard
Enterprise
Co.
,
Senior
Note
,
4.85%,
10/15/31
.
United
States
4,500,000
4,448,682
12,217,410
Textiles,
Apparel
&
Luxury
Goods
0.2%
e
Hanesbrands,
Inc.
,
Senior
Note
,
144A,
9%,
2/15/31
..........
United
States
3,400,000
3,635,984
Tapestry,
Inc.
,
Senior
Bond
,
5.5%,
3/11/35
.................
United
States
1,820,000
1,794,455
5,430,439
Tobacco
0.4%
e
Imperial
Brands
Finance
plc
,
Senior
Bond
,
144A,
4.25%,
7/21/25
....................
United
Kingdom
289,000
287,832
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
17
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Tobacco
(continued)
e
Imperial
Brands
Finance
plc,
(continued)
Senior
Bond
,
144A,
3.875%,
7/26/29
...................
United
Kingdom
2,200,000
$
2,086,686
Philip
Morris
International,
Inc.
,
Senior
Bond
,
5.375%,
2/15/33
..
United
States
7,200,000
7,227,604
9,602,122
Trading
Companies
&
Distributors
0.9%
e
EquipmentShare.com,
Inc.
,
Secured
Note
,
144A,
8.625%,
5/15/32
United
States
7,100,000
7,576,311
e
Herc
Holdings,
Inc.
,
Senior
Note
,
144A,
6.625%,
6/15/29
......
United
States
4,600,000
4,705,229
e
United
Rentals
North
America,
Inc.
,
Senior
Bond
,
144A,
6.125%,
3/15/34
.........................................
United
States
4,900,000
4,914,112
e
WESCO
Distribution,
Inc.
,
Senior
Note
,
144A,
6.375%,
3/15/29
.
United
States
5,000,000
5,099,900
22,295,552
Transportation
Infrastructure
0.0%
†
e
Rutas
2
and
7
Finance
Ltd.
,
Senior
Secured
Bond
,
144A,
Zero
Cpn.,
9/30/36
.....................................
United
States
960,000
685,608
Wireless
Telecommunication
Services
1.1%
e
Connect
Finco
SARL
/
Connect
US
Finco
LLC
,
Senior
Secured
Note
,
144A,
9%,
9/15/29
............................
United
Kingdom
4,500,000
4,039,101
a
Digicel
Group
Holdings
Ltd.
,
Zero
Cpn.,
11/17/33
...............................
Bermuda
677,343
21,434
Zero
Cpn.,
11/17/33
...............................
Bermuda
72,906
8,936
T-Mobile
USA,
Inc.
,
Senior
Bond
,
3.3%,
2/15/51
..........................
United
States
4,800,000
3,182,567
Senior
Note
,
3.875%,
4/15/30
........................
United
States
13,400,000
12,669,447
e
Zegona
Finance
plc
,
Senior
Secured
Note
,
144A,
8.625%,
7/15/29
.........................................
United
Kingdom
5,600,000
5,992,140
25,913,625
Total
Corporate
Bonds
(Cost
$
1,300,470,104
)
.................................
1,249,271,161
Senior
Floating
Rate
Interests
2.6%
Aerospace
&
Defense
0.0%
†
i,k
GOAT
Holdco
LLC,
First
Lien,
CME
Term
Loan,
B
,
7.174
%
,
(
12-month
SOFR
+
3
%
),
12/10/31
.....................
United
States
240,000
240,810
Air
Freight
&
Logistics
0.1%
k
Rand
Parent
LLC,
First
Lien,
CME
Term
Loan,
B
,
8.079
%
,
(
3-month
SOFR
+
3.75
%
),
3/18/30
.....................
United
States
1,253,771
1,259,413
k
Automobile
Components
0.1%
i
Clarios
Global
LP,
First
Lien,
Amendment
No.6
Dollar
CME
Term
Loan
,
7.065
%
,
(
1-month
SOFR
+
2.75
%
),
1/14/32
.........
United
States
344,941
346,091
DexKo
Global,
Inc.,
First
Lien,
Closing
Date
Dollar
CME
Term
Loan
,
8.34
%
,
(
3-month
SOFR
+
3.75
%
),
10/04/28
.........
United
States
350,637
336,426
First
Brands
Group
LLC,
First
Lien,
2021
CME
Term
Loan
,
9.847
%
,
(
3-month
SOFR
+
5
%
),
3/30/27
................
United
States
725,925
714,128
First
Brands
Group
LLC,
Second
Lien,
2021
CME
Term
Loan
,
13.052
%
,
(
3-month
SOFR
+
8.5
%
),
3/30/28
..............
United
States
1,029,361
979,180
Highline
Aftermarket
Acquisition
LLC,
First
Lien,
2024-1
Refinancing
CME
Term
Loan
,
8.312
%
,
(
1-month
SOFR
+
4
%
),
11/09/27
........................................
United
States
435,684
438,407
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
18
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
k
Automobile
Components
(continued)
TI
Group
Automotive
Systems
LLC,
First
Lien,
2021
Refinancing
CME
Term
Loan,
B
,
7.676
%
,
(
1-month
SOFR
+
3.25
%
),
12/16/26
........................................
United
States
294,510
$
295,615
3,109,847
a
a
a
a
a
a
Automobiles
0.0%
†
k
American
Trailer
World
Corp.,
First
Lien,
CME
Term
Loan,
B
,
8.162
%
,
(
1-month
SOFR
+
3.75
%
),
3/03/28
..............
United
States
752,173
673,048
Beverages
0.0%
†
k
Triton
Water
Holdings,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
7.84
%
,
(
3-month
SOFR
+
3.25
%
),
3/31/28
...............
United
States
533,604
536,800
Broadline
Retail
0.0%
†
k
Peer
Holding
III
BV,
First
Lien,
CME
Term
Loan,
B5
,
7.329
%
,
(
3-month
SOFR
+
3
%
),
7/01/31
.......................
Netherlands
320,239
322,321
Building
Products
0.1%
k
AZZ,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
6.812
%
,
(
1-month
SOFR
+
2.5
%
),
5/14/29
.............................
United
States
603,498
608,187
k
Cornerstone
Building
Brands,
Inc.,
First
Lien,
CME
Term
Loan,
C
,
8.806
%
,
(
1-month
SOFR
+
4.5
%
),
5/15/31
...............
United
States
1,147,808
1,115,170
k
EMRLD
Borrower
LP,
First
Lien,
Second
Amendment
Incremental
CME
Term
Loan
,
6.829
%
,
(
3-month
SOFR
+
2.5
%
),
8/04/31
..
United
States
221,339
222,386
l
Quikrete
Holdings,
Inc.,
First
Lien,
CME
Term
Loan
,
TBD,
1/31/32
United
States
275,862
275,172
k
Quikrete
Holdings,
Inc.,
First
Lien,
CME
Term
Loan,
B2
,
6.562
%
,
(
1-month
SOFR
+
2.25
%
),
3/19/29
.....................
United
States
405,220
406,740
k
Summit
Materials
LLC,
First
Lien,
CME
Term
Loan,
B2
,
6.055
%
,
(
1-month
SOFR
+
1.75
%
),
1/12/29
.....................
United
States
184,636
185,040
2,812,695
a
a
a
a
a
a
k
Capital
Markets
0.1%
AAL
Delaware
Holdco,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
7.857
%
,
(
1-month
SOFR
+
3.5
%
),
7/30/31
...............
United
States
161,932
163,222
AI
Aqua
Merger
Sub,
Inc.,
First
Lien,
Initial
Term
Loan,
B
,
8.053
%
,
(
1-month
SOFR
+
3.5
%
),
7/31/28
......................
United
States
573,942
576,082
Citadel
Securities
LP,
First
Lien,
2024
CME
Term
Loan
,
6.329
%
,
(
3-month
SOFR
+
2
%
),
10/31/31
......................
United
States
705,543
710,274
Edelman
Financial
Engines
Center
LLC
(The),
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.494
%
,
(
12-month
SOFR
+
3.25
%
),
4/07/28
...................................
United
States
247,066
249,252
First
Eagle
Holdings,
Inc.,
First
Lien,
CME
Term
Loan,
B2
,
7.329
%
,
(
3-month
SOFR
+
3
%
),
3/05/29
................
United
States
744,375
747,706
Jane
Street
Group
LLC,
First
Lien,
Extended
CME
Term
Loan
,
6.395
%
,
(
3-month
SOFR
+
2
%
),
12/15/31
................
United
States
404,122
404,013
2,850,549
a
a
a
a
a
a
k
Chemicals
0.2%
A-AP
Buyer,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
7.562
%
,
(
1-month
SOFR
+
3.25
%
),
9/09/31
.....................
United
States
309,983
312,695
Albaugh
LLC,
First
Lien,
Initial
CME
Term
Loan
,
8.062
%
,
(
1-month
SOFR
+
3.75
%
),
4/06/29
.....................
United
States
378,056
372,291
Hexion
Holdings
Corp.,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.302
%
,
(
1-month
SOFR
+
4
%
),
3/15/29
............
United
States
723,719
725,828
Hexion
Holdings
Corp.,
Second
Lien,
Initial
CME
Term
Loan
,
11.849
%
,
(
1-month
SOFR
+
7.438
%
),
3/15/30
............
United
States
481,590
465,336
INEOS
US
Finance
LLC,
First
Lien,
2030
Dollar
CME
Term
Loan
,
7.562
%
,
(
1-month
SOFR
+
3.25
%
),
2/18/30
..............
Luxembourg
803,746
804,755
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
19
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
k
Chemicals
(continued)
INEOS
US
Petrochem
LLC,
First
Lien,
New
CME
Term
Loan,
B1
,
8.662
%
,
(
1-month
SOFR
+
4.25
%
),
4/02/29
..............
United
States
401,033
$
402,536
LSF11
A5
HoldCo
LLC,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
7.926
%
,
(
1-month
SOFR
+
3.5
%
),
10/16/28
.........
United
States
596,431
599,840
Lummus
Technology
Holdings
V
LLC,
First
Lien,
2024
CME
Term
Loan,
B
,
7.857
%
,
(
1-month
SOFR
+
3.5
%
),
12/31/29
.......
United
States
186,315
187,683
Nouryon
Finance
BV,
First
Lien,
November
2024
Dollar
CME
Term
Loan,
B2
,
7.657
%
,
(
3-month
SOFR
+
3.25
%
),
4/03/28
..
Netherlands
497,602
502,113
SCIH
Salt
Holdings,
Inc.,
First
Lien,
Incremental
CME
Term
Loan,
B1
,
7.575
%
,
(
1-month
SOFR
+
3%;
3-month
SOFR
+
3%
),
1/31/29
.........................................
United
States
404,131
406,382
Vibrantz
Technologies,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
8.689
%
,
(
3-month
SOFR
+
4.25
%
),
4/23/29
..............
United
States
1,046,610
1,034,182
5,813,641
a
a
a
a
a
a
k
Commercial
Services
&
Supplies
0.2%
Allied
Universal
Holdco
LLC,
First
Lien,
Initial
US
Dollar
CME
Term
Loan
,
8.162
%
,
(
1-month
SOFR
+
3.75
%
),
5/12/28
.....
United
States
635,925
638,835
CCI
Buyer,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
8.329
%
,
(
3-month
SOFR
+
4
%
),
12/17/27
......................
United
States
829,950
834,618
Cimpress
USA,
Inc.,
First
Lien,
2024-2
Refinancing
CME
Term
Loan,
B1
,
6.812
%
,
(
1-month
SOFR
+
2.5
%
),
5/17/28
.......
Ireland
115,096
115,600
Pitney
Bowes,
Inc.,
First
Lien,
Refinancing
CME
Term
Loan,
B
,
8.426
%
,
(
1-month
SOFR
+
4
%
),
3/17/28
................
United
States
1,169,235
1,163,389
Spin
Holdco,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
8.706
%
,
(
3-month
SOFR
+
4
%
),
3/06/28
.......................
United
States
1,041,568
874,438
3,626,880
a
a
a
a
a
a
k
Construction
&
Engineering
0.0%
†
Chromalloy
Corp.,
First
Lien,
CME
Term
Loan
,
8.06
%
,
(
3-month
SOFR
+
3.75
%
),
3/27/31
............................
United
States
373,125
374,088
Construction
Partners,
Inc.,
First
Lien,
Closing
Date
CME
Term
Loan
,
6.81
%
,
(
1-month
SOFR
+
2.5
%
),
11/03/31
..........
United
States
63,993
64,220
Radar
Bidco
SARL,
First
Lien,
USD
CME
Term
Loan,
B2
,
8.044
%
,
(
3-month
SOFR
+
3.75
%
),
4/04/31
.....................
Luxembourg
293,125
296,422
734,730
a
a
a
a
a
a
Consumer
Finance
0.0%
†
k
Neon
Maple
US
Debt
Mergersub,
Inc.,
First
Lien,
CME
Term
Loan,
B1
,
7.444
%
,
(
1-month
SOFR
+
3
%
),
11/17/31
........
United
States
755,961
758,898
k
Containers
&
Packaging
0.1%
Berlin
Packaging
LLC,
First
Lien,
2024
Replacement
CME
Term
Loan
,
8.762
%
,
(
12-month
SOFR
+
3.75
%
),
6/09/31
........
United
States
748,125
753,373
Charter
Next
Generation,
Inc.,
First
Lien,
2024
Replacement
CME
Term
Loan
,
7.326
%
,
(
1-month
SOFR
+
3
%
),
11/29/30
.......
United
States
401,245
404,368
Klockner
Pentaplast
of
America,
Inc.,
First
Lien,
USD
CME
Term
Loan,
B
,
9.723
%
,
(
6-month
SOFR
+
4.725
%
),
2/09/26
......
Luxembourg
1,398,234
1,246,673
Pactiv
Evergreen
Group
Holdings,
Inc.,
First
Lien,
CME
Term
Loan,
B4
,
6.812
%
,
(
1-month
SOFR
+
2.5
%
),
9/25/28
.......
United
States
267,786
269,048
2,673,462
a
a
a
a
a
a
k
Distributors
0.1%
Core
&
Main
LP,
First
Lien,
CME
Term
Loan,
D
,
6.311
%
,
(
1-month
SOFR
+
2
%
),
7/27/28
...............................
United
States
458,810
461,104
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
20
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
k
Distributors
(continued)
i
Verde
Purchaser
LLC,
First
Lien,
CME
Term
Loan,
B
,
8.207
%
,
(
12-month
SOFR
+
4
%
),
11/29/30
.....................
United
States
726,855
$
728,672
1,189,776
a
a
a
a
a
a
Diversified
Telecommunication
Services
0.0%
†
k
Altice
France
SA,
First
Lien,
CME
Term
Loan,
B14
,
9.802
%
,
(
3-month
SOFR
+
5.5
%
),
8/15/28
......................
France
251,178
212,874
Electrical
Equipment
0.0%
†
k
Roper
Industrial
Products
Investment
Co.
LLC,
First
Lien,
Dollar
CME
Term
Loan,
D
,
7.079
%
,
(
3-month
SOFR
+
2.75
%
),
11/22/29
........................................
United
States
547,485
549,653
Entertainment
0.0%
†
k
Playtika
Holding
Corp.,
First
Lien,
CME
Term
Loan,
B1
,
7.176
%
,
(
1-month
SOFR
+
2.75
%
),
3/13/28
.....................
United
States
417,415
419,594
k
Food
Products
0.1%
i
Aspire
Bakeries
Holdings
LLC,
First
Lien,
Initial
CME
Term
Loan
,
8.562
%
,
(
1-month
SOFR
+
4.25
%
),
12/22/30
.............
United
States
275,735
280,561
i
Froneri
International
Ltd.,
First
Lien,
CME
Term
Loan,
B4
,
6.237
%
,
(
6-month
SOFR
+
2
%
),
9/30/31
................
United
Kingdom
729,927
732,179
i
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
100,000
100,208
Primary
Products
Finance
LLC,
First
Lien,
Term
Loan,
B
,
8.248
%
,
(
3-month
SOFR
+
3.5
%
),
4/02/29
......................
United
States
664,377
665,762
Simply
Good
Foods
USA,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
6.957
%
,
(
1-month
SOFR
+
2.5
%
),
3/17/27
...............
United
States
41,930
42,264
1,820,974
a
a
a
a
a
a
k
Ground
Transportation
0.0%
†
Albion
Financing
3
SARL,
First
Lien,
2024
Amended
USD
CME
Term
Loan
,
8.8
%
,
(
3-month
SOFR
+
4.25
%
),
8/17/29
.......
Luxembourg
88,418
89,233
First
Student
Bidco,
Inc.,
First
Lien,
CME
Term
Loan,
B
,
6.892
%
,
(
3-month
SOFR
+
2.5
%
),
7/21/28
......................
United
States
208,965
209,709
First
Student
Bidco,
Inc.,
First
Lien,
Initial
CME
Term
Loan,
C
,
6.892
%
,
(
3-month
SOFR
+
2.5
%
),
7/21/28
...............
United
States
63,879
64,107
WWEX
UNI
TopCo
Holdings
LLC,
First
Lien,
Initial
CME
Term
Loan
,
8.329
%
,
(
3-month
SOFR
+
4
%
),
7/26/28
............
United
States
374,036
376,946
739,995
a
a
a
a
a
a
k
Health
Care
Equipment
&
Supplies
0.1%
Medline
Borrower
LP,
First
Lien,
Dollar
Incremental
CME
Term
Loan
,
6.562
%
,
(
1-month
SOFR
+
2.25
%
),
10/23/28
........
United
States
698,075
702,162
US
Radiology
Specialists,
Inc.
(US
Outpatient
Imaging
Services,
Inc.),
First
Lien,
CME
Term
Loan
,
9.079
%
,
(
3-month
SOFR
+
4.75
%
),
12/15/27
..................................
United
States
379,280
380,151
1,082,313
a
a
a
a
a
a
k
Health
Care
Providers
&
Services
0.2%
ADMI
Corp.,
First
Lien,
Amendment
No.
4
Refinancing
CME
Term
Loan
,
7.801
%
,
(
1-month
SOFR
+
3.375
%
),
12/23/27
.......
United
States
1,001,599
992,835
Charlotte
Buyer,
Inc.,
First
Lien,
First
Refinancing
CME
Term
Loan
,
9.052
%
,
(
1-month
SOFR
+
4.75
%
),
2/11/28
.........
United
States
625,320
628,487
CNT
Holdings
I
Corp.,
First
Lien,
Initial
CME
Term
Loan
,
7.791
%
,
(
3-month
SOFR
+
3.5
%
),
11/08/27
.....................
United
States
266,240
267,386
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
21
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
k
Health
Care
Providers
&
Services
(continued)
Medical
Solutions
Holdings,
Inc.,
First
Lien,
CME
Term
Loan
,
7.891
%
,
(
3-month
SOFR
+
3.5
%
),
11/01/28
..............
United
States
645,070
$
459,883
Pacific
Dental
Services,
Inc.,
First
Lien,
CME
Term
Loan
,
7.049
%
,
(
1-month
SOFR
+
2.75
%
),
3/17/31
.....................
United
States
405,800
409,714
Phoenix
Guarantor,
Inc.,
First
Lien,
CME
Term
Loan,
B5
,
6.812
%
,
(
1-month
SOFR
+
2.5
%
),
2/21/31
......................
United
States
348,250
350,037
f
Radiology
Partners,
Inc.,
First
Lien,
CME
Term
Loan,
B
,
PIK,
8.275
%
,
(
3-month
SOFR
+
3.5
%
),
1/31/29
...............
United
States
953,096
942,232
Surgery
Center
Holdings,
Inc.,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
7.061
%
,
(
1-month
SOFR
+
2.75
%
),
12/19/30
....
United
States
58,214
58,531
US
Anesthesia
Partners,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
8.702
%
,
(
1-month
SOFR
+
4.25
%
),
10/02/28
.............
United
States
982,397
979,224
Waystar
Technologies,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
8.237
%
,
(
12-month
SOFR
+
3
%
),
10/22/29
...............
United
States
189,700
190,885
5,279,214
a
a
a
a
a
a
k
Hotels,
Restaurants
&
Leisure
0.2%
f
24
Hour
Fitness
Worldwide,
Inc.,
First
Lien,
Exit
CME
Term
Loan
,
PIK,
9.59
%
,
(
3-month
SOFR
+
5
%
),
12/29/25
.............
United
States
2,391,645
944,700
Bally's
Corp.,
First
Lien,
CME
Term
Loan,
B
,
7.802
%
,
(
3-month
SOFR
+
3.25
%
),
10/02/28
...........................
United
States
323,669
306,722
Caesars
Entertainment,
Inc.,
First
Lien,
2023
Incremental
CME
Term
Loan,
B
,
6.562
%
,
(
1-month
SOFR
+
2.25
%
),
2/06/30
...
United
States
303,826
305,219
Dave
&
Buster's,
Inc.,
First
Lien,
2024
Refinancing
CME
Term
Loan,
B
,
7.625
%
,
(
1-month
SOFR
+
3.25
%
),
6/29/29
.......
United
States
321,443
313,127
Entain
plc,
First
Lien,
CME
Term
Loan,
B3
,
7.079
%
,
(
3-month
SOFR
+
2.75
%
),
10/31/29
...........................
United
Kingdom
248,750
250,282
i
Flynn
Restaurant
Group
LP,
First
Lien,
CME
Term
Loan
,
8.305
%
,
(
12-month
SOFR
+
4
%
),
1/20/32
......................
United
States
643,857
643,989
Golden
State
Foods
LLC,
First
Lien,
Initial
CME
Term
Loan
,
8.576
%
,
(
1-month
SOFR
+
4.25
%
),
10/07/31
.............
United
States
211,864
214,592
Great
Canadian
Gaming
Corp.,
First
Lien,
CME
Term
Loan,
B
,
9.087
%
,
(
3-month
SOFR
+
4.75
%
),
11/01/29
.............
Canada
397,990
399,608
Hilton
Grand
Vacations
Borrower
LLC,
First
Lien,
Initial
CME
Term
Loan
,
6.812
%
,
(
1-month
SOFR
+
2.5
%
),
8/02/28
..........
United
States
247,353
248,221
IRB
Holding
Corp.,
First
Lien,
Term
Loan,
B
,
7.423
%
,
(
1-month
SOFR
+
2.75
%
),
12/15/27
...........................
United
States
299,248
300,545
Ontario
Gaming
GTA
LP,
First
Lien,
CME
Term
Loan,
B
,
8.579
%
,
(
3-month
SOFR
+
4.25
%
),
8/01/30
.....................
Canada
200,848
201,906
Scientific
Games
Holdings
LP,
First
Lien,
2024
Refinancing
Dollar
CME
Term
Loan
,
7.296
%
,
(
3-month
SOFR
+
3
%
),
4/04/29
...
United
States
750,082
753,518
Whatabrands
LLC,
First
Lien,
2024
Term
Loan,
B
,
7.323
%
,
(
1-month
SOFR
+
2.75
%
),
8/03/28
.....................
United
States
176,836
177,715
5,060,144
a
a
a
a
a
a
Household
Durables
0.0%
†
k
Hunter
Douglas,
Inc.,
First
Lien,
CME
Term
Loan,
B1
,
8.021
%
,
(
3-month
SOFR
+
3.5
%
),
2/25/29
......................
Netherlands
183,618
184,307
k
Independent
Power
and
Renewable
Electricity
Producers
0.0%
†
Calpine
Construction
Finance
Co.
LP,
First
Lien,
Refinancing
CME
Term
Loan
,
6.312
%
,
(
1-month
SOFR
+
2
%
),
7/19/30
...
United
States
300,000
300,666
Calpine
Corp.,
First
Lien,
Term
Loan
,
6.573
%
,
(
1-month
SOFR
+
2
%
),
1/31/31
.....................................
United
States
498,747
499,473
Talen
Energy
Supply
LLC,
First
Lien,
2024-1
Incremental
CME
Term
Loan,
B
,
7.023
%
,
(
3-month
SOFR
+
2.5
%
),
12/11/31
...
United
States
134,529
135,258
935,397
a
a
a
a
a
a
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
22
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
k
Insurance
0.1%
Acrisure
LLC,
First
Lien,
CME
Term
Loan,
B6
,
7.313
%
,
(
1-month
SOFR
+
3
%
),
11/06/30
..............................
United
States
283,124
$
284,174
AssuredPartners,
Inc.,
First
Lien,
2024
CME
Term
Loan
,
7.812
%
,
(
1-month
SOFR
+
3.5
%
),
2/14/31
......................
United
States
784,556
786,086
Asurion
LLC,
First
Lien,
New
CME
Term
Loan,
B10
,
8.412
%
,
(
1-month
SOFR
+
4
%
),
8/21/28
.......................
United
States
238,974
238,858
Asurion
LLC,
First
Lien,
New
CME
Term
Loan,
B11
,
8.662
%
,
(
1-month
SOFR
+
4.25
%
),
8/21/28
.....................
United
States
87,186
87,418
Asurion
LLC,
Second
Lien,
New
CME
Term
Loan,
B4
,
9.676
%
,
(
1-month
SOFR
+
5.25
%
),
1/19/29
.....................
United
States
500,693
488,293
Broadstreet
Partners,
Inc.,
First
Lien,
2024
CME
Term
Loan,
B
,
7.312
%
,
(
1-month
SOFR
+
3
%
),
6/16/31
................
United
States
746,951
751,534
Sedgwick
Claims
Management
Services,
Inc.,
First
Lien,
2024
CME
Term
Loan
,
7.312
%
,
(
1-month
SOFR
+
3
%
),
7/31/31
...
United
States
433,382
436,333
3,072,696
a
a
a
a
a
a
IT
Services
0.0%
†
k
Fortress
Intermediate
3,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
7.812
%
,
(
1-month
SOFR
+
3.5
%
),
6/27/31
...............
United
States
136,931
137,359
Leisure
Products
0.0%
†
k
GBT
US
III
LLC,
First
Lien,
Restatement
Date
CME
Term
Loan
,
7.3
%
,
(
3-month
SOFR
+
3
%
),
7/28/31
..................
United
States
507,756
510,031
k
Machinery
0.1%
CPM
Holdings,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
8.837
%
,
(
1-month
SOFR
+
4.5
%
),
9/28/28
......................
United
States
744,361
711,173
SunSource
Borrower
LLC,
First
Lien,
First
Refinancing
CME
Term
Loan
,
8.412
%
,
(
1-month
SOFR
+
4
%
),
3/25/31
............
United
States
361,814
364,211
1,075,384
a
a
a
a
a
a
k
Media
0.1%
Cengage
Learning,
Inc.,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
7.936
%
,
(
1-month
SOFR
+
3.5%;
3-month
SOFR
+
3.5%
),
3/24/31
....................................
United
States
497,500
500,657
Gray
Media,
Inc.,
First
Lien,
CME
Term
Loan,
D
,
7.452
%
,
(
1-month
SOFR
+
3
%
),
12/01/28
......................
United
States
775,546
715,034
MH
Sub
I
LLC,
First
Lien,
CME
Term
Loan
,
8.607
%
,
(
1-month
SOFR
+
4.25
%
),
5/03/28
............................
United
States
254,761
252,453
1,468,144
a
a
a
a
a
a
Mortgage
Real
Estate
Investment
Trusts
(REITs)
0.0%
†
k
Starwood
Property
Mortgage
LLC,
First
Lien,
CME
Term
Loan,
B4
,
6.562
%
,
(
1-month
SOFR
+
2.25
%
),
1/02/30
...........
United
States
250,000
250,312
k
Oil,
Gas
&
Consumable
Fuels
0.1%
EPIC
Crude
Services
LP,
First
Lien,
CME
Term
Loan
,
7.302
%
,
(
3-month
SOFR
+
3
%
),
10/15/31
......................
United
States
467,290
471,963
UGI
Energy
Services
LLC,
First
Lien,
Initial
CME
Term
Loan
,
6.857
%
,
(
1-month
SOFR
+
2.5
%
),
2/22/30
...............
United
States
524,158
528,854
1,000,817
a
a
a
a
a
a
k
Passenger
Airlines
0.1%
AAdvantage
Loyalty
IP
Ltd.,
First
Lien,
Initial
CME
Term
Loan
,
9.305
%
,
(
3-month
SOFR
+
4.75
%
),
4/20/28
..............
United
States
294,007
301,526
American
Airlines,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
6.959
%
,
(
6-month
SOFR
+
2.25
%
),
6/04/29
.....................
United
States
611,442
613,123
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
23
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
k
Passenger
Airlines
(continued)
AS
Mileage
Plan
IP
Ltd.,
First
Lien,
Initial
CME
Term
Loan
,
6.293
%
,
(
3-month
SOFR
+
2
%
),
10/01/31
................
United
States
426,890
$
430,039
United
Airlines,
Inc.,
First
Lien,
CME
Term
Loan,
B
,
6.297
%
,
(
3-month
SOFR
+
2
%
),
2/24/31
.......................
United
States
264,826
266,079
1,610,767
a
a
a
a
a
a
Personal
Care
Products
0.0%
†
i,k
KDC/ONE
Development
Corp.,
Inc.,
First
Lien,
2024-2
Refinancing
Dollar
CME
Term
Loan
,
8.312
%
,
(
1-month
SOFR
+
4
%
),
8/15/28
.....................................
Canada
93,750
94,508
k
Pharmaceuticals
0.0%
†
Jazz
Financing
Lux
SARL,
First
Lien,
Dollar
CME
Term
Loan,
B2
,
6.562
%
,
(
1-month
SOFR
+
2.25
%
),
5/05/28
..............
United
States
449,565
451,346
Organon
&
Co.,
First
Lien,
Dollar
CME
Term
Loan
,
7.737
%
,
(
12-month
SOFR
+
2.5
%
),
5/19/31
.....................
United
States
297,370
298,857
750,203
a
a
a
a
a
a
k
Professional
Services
0.1%
EAB
Global,
Inc.,
First
Lien,
CME
Term
Loan
,
7.562
%
,
(
1-month
SOFR
+
3.25
%
),
8/16/28
............................
United
States
744,375
745,540
Maximus,
Inc.,
First
Lien,
CME
Term
Loan,
B
,
6.312
%
,
(
1-month
SOFR
+
2
%
),
5/30/31
...............................
United
States
281,816
284,166
Soliant
Lower
Intermediate
LLC,
First
Lien,
Initial
CME
Term
Loan
,
8.062
%
,
(
1-month
SOFR
+
3.75
%
),
7/18/31
.........
United
States
264,784
264,949
1,294,655
a
a
a
a
a
a
Software
0.2%
k
Adeia,
Inc.,
First
Lien,
CME
Term
Loan,
B
,
7.299
%
,
(
1-month
SOFR
+
3
%
),
6/08/28
...............................
United
States
651,035
653,070
i,k
Central
Parent
LLC,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
7.579
%
,
(
3-month
SOFR
+
3.25
%
),
7/06/29
.........
United
States
774,063
741,018
k
Clover
Holdings
2
LLC,
First
Lien,
Initial
CME
Term
Loan
,
8.428
%
,
(
3-month
SOFR
+
4
%
),
12/09/31
......................
United
States
148,456
150,033
k
ConnectWise
LLC,
First
Lien,
Initial
CME
Term
Loan
,
8.09
%
,
(
3-month
SOFR
+
3.5
%
),
9/29/28
......................
United
States
282,634
285,248
i,k
Genesys
Cloud
Services
Holdings
II
LLC,
First
Lien,
CME
Term
Loan,
B
,
6.707
%
,
(
12-month
SOFR
+
2.5
%
),
1/23/32
.......
United
States
577,072
579,239
k
Imprivata,
Inc.,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
7.791
%
,
(
3-month
SOFR
+
3.5
%
),
12/01/27
..............
United
States
119,684
120,747
k
McAfee
Corp.,
First
Lien,
CME
Term
Loan,
B1
,
7.337
%
,
(
1-month
SOFR
+
3
%
),
3/01/29
...............................
United
States
639,217
642,333
k
Polaris
Newco
LLC,
First
Lien,
Dollar
CME
Term
Loan
,
8.552
%
,
(
3-month
SOFR
+
4
%
),
6/02/28
.......................
United
States
154,460
154,824
k
Rocket
Software,
Inc.,
First
Lien,
CME
Term
Loan
,
8.562
%
,
(
1-month
SOFR
+
4.25
%
),
11/28/28
....................
United
States
408,905
414,583
a,g
WorkCapital
BSD
SARL,
Term
Loan
,
6.5
%
,
1/01/38
..........
Luxembourg
20,000,000
—
3,741,095
a
a
a
a
a
a
k
Specialty
Retail
0.2%
Evergreen
Acqco
1
LP,
First
Lien,
Initial
CME
Term
Loan
,
8.077
%
,
(
3-month
SOFR
+
3.75
%
),
4/26/28
.....................
United
States
419,612
423,441
f
GNC
Holdings,
Inc.,
Second
Lien,
CME
Term
Loan
,
PIK,
10.457
%
,
(
1-month
SOFR
+
6
%
),
10/07/26
...............
United
States
3,025,174
2,125,185
Great
Outdoors
Group
LLC,
First
Lien,
CME
Term
Loan,
B1
,
8.221
%
,
(
1-month
SOFR
+
3.75
%
),
3/06/28
..............
United
States
445,014
448,536
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
24
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
k
Specialty
Retail
(continued)
Johnstone
Supply
LLC,
First
Lien,
CME
Term
Loan
,
6.799
%
,
(
1-month
SOFR
+
2.5
%
),
6/09/31
......................
United
States
619,993
$
622,591
RealTruck
Group,
Inc.,
First
Lien,
Initial
CME
Term
Loan
,
7.926
%
,
(
1-month
SOFR
+
3.5
%
),
1/31/28
......................
United
States
621,652
602,384
Restoration
Hardware,
Inc.,
First
Lien,
2022
Incremental
CME
Term
Loan
,
7.662
%
,
(
1-month
SOFR
+
3.25
%
),
10/20/28
....
United
States
851,469
851,558
White
Cap
Supply
Holdings
LLC,
First
Lien,
CME
Term
Loan,
C
,
7.562
%
,
(
1-month
SOFR
+
3.25
%
),
10/19/29
.............
United
States
525,299
527,114
5,600,809
a
a
a
a
a
a
k
Textiles,
Apparel
&
Luxury
Goods
0.0%
†
Flash
Charm,
Inc.,
First
Lien,
CME
Term
Loan,
B2
,
8.071
%
,
(
3-month
SOFR
+
3.5
%
),
3/02/28
......................
United
States
572,155
546,946
Hanesbrands,
Inc.,
First
Lien,
Initial
CME
Term
Loan,
B
,
8.062
%
,
(
1-month
SOFR
+
3.75
%
),
3/08/30
.....................
United
States
245,221
247,980
794,926
a
a
a
a
a
a
k
Transportation
Infrastructure
0.0%
†
LaserShip,
Inc.,
First
Lien,
CME
Term
Loan,
B1
,
9.278
%
,
(
3-month
SOFR
+
4.5
%
),
8/10/29
......................
United
States
332,265
228,987
LaserShip,
Inc.,
First
Lien,
CME
Term
Loan,
D
,
9.278
%
,
(
3-month
SOFR
+
4.5
%
),
8/10/29
.............................
United
States
240,606
64,163
293,150
a
a
a
a
a
a
Total
Senior
Floating
Rate
Interests
(Cost
$
85,601,909
)
........................
64,582,191
m
Marketplace
Loans
1.3%
a
Financial
Services
1.3%
a
a
a
a
a
a
Total
Marketplace
Loans
(Cost
$
37,370,480
)
..................................
30,932,958
Foreign
Government
and
Agency
Securities
2.3%
e
African
Export-Import
Bank
(The)
,
Senior
Bond
,
144A,
3.994%,
9/21/29
.........................................
Supranational
n
13,600,000
12,567,719
e
Banque
Ouest
Africaine
de
Developpement
,
Senior
Bond
,
144A,
5%,
7/27/27
......................................
Supranational
n
11,500,000
11,248,078
Colombia
Government
Bond
,
Senior
Bond
,
9.85%,
6/28/27
....
Colombia
55,750,000,000
COP
12,902,102
e
Comision
Federal
de
Electricidad
,
Senior
Bond
,
144A,
3.348%,
2/09/31
.........................................
Mexico
9,500,000
7,962,928
e
Electricite
de
France
SA
,
Senior
Note
,
144A,
5.7%,
5/23/28
....
France
1,700,000
1,734,511
e
Korea
Electric
Power
Corp.
,
Senior
Note
,
144A,
5.375%,
4/06/26
South
Korea
3,400,000
3,426,535
Petroleos
Mexicanos
,
Senior
Note
,
10%,
2/07/33
............
Mexico
3,200,000
3,292,888
e
Romania
Government
Bond
,
Senior
Bond
,
144A,
6.125%,
1/22/44
Romania
4,700,000
4,141,053
Total
Foreign
Government
and
Agency
Securities
(Cost
$
68,787,355
)
............
57,275,814
U.S.
Government
and
Agency
Securities
20.0%
FFCB
,
2.1
%,
2/25/36
.................................
United
States
7,700,000
5,761,299
U.S.
Treasury
Bonds
,
6.875
%,
8/15/25
...................................
United
States
1,000,000
1,016,342
4.125
%,
8/15/44
...................................
United
States
30,000,000
27,225,000
2.875
%,
5/15/49
...................................
United
States
13,400,000
9,527,871
4.25
%,
8/15/54
...................................
United
States
125,000,000
114,003,907
U.S.
Treasury
Notes
,
o
Index
Linked,
0.625
%,
1/15/26
........................
United
States
27,000,000
35,542,936
3.875
%,
1/15/26
...................................
United
States
32,500,000
32,401,928
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
25
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
U.S.
Government
and
Agency
Securities
(continued)
U.S.
Treasury
Notes,
(continued)
4
%,
2/15/26
......................................
United
States
60,000,000
$
59,848,958
2.375
%,
4/30/26
...................................
United
States
100,000
97,797
3.625
%,
5/15/26
...................................
United
States
3,500,000
3,474,639
4.375
%,
8/15/26
...................................
United
States
12,100,000
12,129,068
1.875
%,
2/28/27
...................................
United
States
48,200,000
45,985,812
2.75
%,
7/31/27
...................................
United
States
39,000,000
37,655,566
3.875
%,
11/30/27
..................................
United
States
43,700,000
43,287,752
2.875
%,
5/15/28
...................................
United
States
17,000,000
16,284,141
4.5
%,
5/31/29
....................................
United
States
51,300,000
51,665,713
Total
U.S.
Government
and
Agency
Securities
(Cost
$
504,300,143
)
..............
495,908,729
Asset-Backed
Securities
2.7%
Financial
Services
2.7%
e
,k
Carlyle
Global
Market
Strategies
CLO
Ltd.
,
2013-3A
,
BR
,
144A,
FRN
,
6.264%,
(
3-month
SOFR
+
1.962
%
),
10/15/30
........................................
United
States
300,000
300,728
2014-2RA
,
B
,
144A,
FRN
,
6.61%,
(
3-month
SOFR
+
2.087
%
),
5/15/31
.........................................
United
States
580,000
581,213
e
,p
Consumer
Loan
Underlying
Bond
Certificate
Issuer
Trust
I
,
2019-26
,
PT
,
144A,
FRN
,
18.781%,
8/15/44
..............
United
States
13,191
9,021
2019-31
,
PT
,
144A,
FRN
,
5.287%,
9/15/44
...............
United
States
8,524
6,519
2019-37
,
PT
,
144A,
FRN
,
14.443%,
10/17/44
.............
United
States
16,386
16,254
2019-42
,
PT
,
144A,
FRN
,
18.836%,
11/15/44
.............
United
States
10,334
7,811
2019-51
,
PT
,
144A,
FRN
,
6.065%,
1/15/45
...............
United
States
25,003
24,162
2019-52
,
PT
,
144A,
FRN
,
11.656%,
1/15/45
..............
United
States
29,161
23,473
2019-S6
,
PT
,
144A,
FRN
,
11.814%,
10/17/44
.............
United
States
10,012
6,501
2019-S8
,
PT
,
144A,
FRN
,
10.075%,
1/15/45
..............
United
States
7,882
7,681
2020-2
,
PT
,
144A,
FRN
,
7.821%,
3/15/45
................
United
States
33,847
31,865
2020-7
,
PT
,
144A,
FRN
,
9.76%,
4/17/45
.................
United
States
27,937
24,760
e
,k
Dryden
75
CLO
Ltd.
,
2019-75A
,
AR2
,
144A,
FRN
,
5.604%,
(
3-month
SOFR
+
1.302
%
),
4/15/34
.
...................
United
States
30,321,000
30,364,111
e
,k
Galaxy
XXVIII
CLO
Ltd.
,
2018-28A
,
C
,
144A,
FRN
,
6.514%,
(
3-month
SOFR
+
2.212
%
),
7/15/31
.
...................
United
States
3,070,000
3,077,857
e
Home
Partners
of
America
Trust
,
2021-2
,
B
,
144A,
2.302%,
12/17/26
....................
United
States
11,880,219
11,222,374
2021-3
,
B
,
144A,
2.649%,
1/17/41
.....................
United
States
4,314,218
3,932,376
e
,k
LCM
XVII
LP
,
17A
,
BRR
,
144A,
FRN
,
6.164%,
(
3-month
SOFR
+
1.862
%
),
10/15/31
.
.................................
United
States
4,590,000
4,607,230
e
,k
Octagon
Investment
Partners
36
Ltd.
,
2018-1A
,
A1
,
144A,
FRN
,
5.534%,
(
3-month
SOFR
+
1.232
%
),
4/15/31
.
.............
United
States
3,593,362
3,607,143
e
,p
Prosper
Pass-Thru
Trust
III
,
2020-PT1
,
A
,
144A,
FRN
,
8.796%,
3/15/26
...............
United
States
24,238
18,370
2020-PT2
,
A
,
144A,
FRN
,
9.444%,
4/15/26
...............
United
States
25,785
19,226
2020-PT3
,
A
,
144A,
FRN
,
7.183%,
5/15/26
...............
United
States
7,398
6,228
e
,k
Voya
CLO
Ltd.
,
2013-2A
,
A2AR
,
144A,
FRN
,
5.962%,
(
3-month
SOFR
+
1.662
%
),
4/25/31
..................................
United
States
2,200,000
2,209,681
2013-2A
,
BR
,
144A,
FRN
,
6.412%,
(
3-month
SOFR
+
2.112
%
),
4/25/31
.........................................
United
States
5,770,000
5,795,859
2016-1A
,
BR
,
144A,
FRN
,
6.355%,
(
3-month
SOFR
+
2.062
%
),
1/20/31
.........................................
United
States
590,000
591,475
66,491,918
a
a
a
a
a
a
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
26
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
(continued)
Passenger
Airlines
0.0%
†
United
Airlines
Pass-Through
Trust
,
2020-1
,
B
,
4.875%,
7/15/27
.
United
States
460,800
$
458,620
Total
Asset-Backed
Securities
(Cost
$
67,817,316
)
.............................
66,950,538
Commercial
Mortgage-Backed
Securities
1.7%
Financial
Services
1.7%
p
,q
BANK
,
2020-BN26
,
XA
,
IO,
FRN
,
1.202%,
3/15/63
..........
United
States
27,115,937
1,260,544
p
,q
BBCMS
Mortgage
Trust
,
2024-5C31
,
XA
,
IO,
FRN
,
1.061%,
12/15/57
........................................
United
States
38,523,443
1,738,964
p
Benchmark
Mortgage
Trust
,
q
2020-B20
,
XA
,
IO,
FRN
,
1.602%,
10/15/53
...............
United
States
40,820,739
2,291,374
q
2020-B22
,
XA
,
IO,
FRN
,
1.504%,
1/15/54
................
United
States
26,609,155
1,858,889
2023-V3
,
A3
,
FRN
,
6.363%,
7/15/56
....................
United
States
640,000
666,010
q
2024-V12
,
XA
,
IO,
FRN
,
0.847%,
12/15/57
...............
United
States
51,025,754
1,864,772
p
,q
BMO
Mortgage
Trust
,
2024-5C8
,
XA
,
IO,
FRN
,
1.021%,
12/15/57
United
States
47,167,217
2,043,142
e
,k
BX
Commercial
Mortgage
Trust
,
2021-VOLT
,
A
,
144A,
FRN
,
5.121%,
(
1-month
SOFR
+
0.814
%
),
9/15/36
.........................................
United
States
2,480,000
2,468,678
2021-VOLT
,
B
,
144A,
FRN
,
5.371%,
(
1-month
SOFR
+
1.064
%
),
9/15/36
..................................
United
States
3,890,000
3,867,861
2022-LP2
,
A
,
144A,
FRN
,
5.319%,
(
1-month
SOFR
+
1.013
%
),
2/15/39
.........................................
United
States
5,896,430
5,892,106
CFCRE
Commercial
Mortgage
Trust
,
2016-C7
,
A3
,
3.839%,
12/10/54
........................................
United
States
2,540,000
2,478,140
Citigroup
Commercial
Mortgage
Trust
,
2016-P4
,
A2
,
2.45%,
7/10/49
.........................................
United
States
1,618,597
1,577,730
CSAIL
Commercial
Mortgage
Trust
,
2015-C3
,
A4
,
3.718%,
8/15/48
........................
United
States
1,980,000
1,965,844
p,q
2021-C20
,
XA
,
IO,
FRN
,
0.991%,
3/15/54
................
United
States
39,580,759
1,779,733
GS
Mortgage
Securities
Trust
,
2016-GS2
,
A4
,
3.05%,
5/10/49
..
United
States
1,150,000
1,126,455
JPMBB
Commercial
Mortgage
Securities
Trust
,
2015-C31
,
A3
,
3.801%,
8/15/48
.......................
United
States
2,851,467
2,828,365
2016-C1
,
A5
,
3.576%,
3/17/49
........................
United
States
3,761,000
3,710,200
Wells
Fargo
Commercial
Mortgage
Trust
,
2015-C31
,
A4
,
3.695%,
11/15/48
......................
United
States
1,360,000
1,346,657
p,q
2025-5C3
,
XA
,
IO,
FRN
,
0.819%,
1/15/58
................
United
States
42,041,000
1,513,375
42,278,839
a
a
a
a
a
a
Total
Commercial
Mortgage-Backed
Securities
(Cost
$
42,108,264
)
..............
42,278,839
Mortgage-Backed
Securities
22.2%
r
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Adjustable
Rate
0.0%
†
FHLMC
,
6.348
%,
(
1-year
CMT
T-Note
+/-
MBS
Margin),
1/01/33
United
States
7,530
7,639
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Fixed
Rate
5.4%
FHLMC
Gold
Pool,
20
Year
,
5
%,
5/01/27
-
5/01/30
...........
United
States
58,823
59,000
FHLMC
Gold
Pool,
30
Year
,
4.5
%,
10/01/40
...............
United
States
32,147
31,236
FHLMC
Gold
Pool,
30
Year
,
5
%,
3/01/34
-
2/01/38
...........
United
States
194,781
194,557
FHLMC
Gold
Pool,
30
Year
,
5.5
%,
6/01/33
-
6/01/36
.........
United
States
296,135
299,326
FHLMC
Gold
Pool,
30
Year
,
6
%,
6/01/33
-
6/01/37
...........
United
States
133,928
137,017
FHLMC
Gold
Pool,
30
Year
,
6.5
%,
12/01/25
-
6/01/36
........
United
States
27,533
28,680
FHLMC
Gold
Pool,
30
Year
,
7
%,
8/01/32
..................
United
States
1,367
1,433
FHLMC
Gold
Pool,
30
Year
,
7.5
%,
1/01/26
-
1/01/31
.........
United
States
1,288
1,330
FHLMC
Pool,
30
Year
,
2
%,
3/01/52
......................
United
States
32,828,071
25,646,897
FHLMC
Pool,
30
Year
,
4
%,
6/01/52
......................
United
States
34,648,351
31,733,662
FHLMC
Pool,
30
Year
,
4.5
%,
8/01/52
.....................
United
States
53,089,249
50,013,009
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
27
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)
FHLMC
Pool,
30
Year
,
5.5
%,
11/01/52
....................
United
States
24,629,474
$
24,436,846
132,582,993
r
Federal
National
Mortgage
Association
(FNMA)
Adjustable
Rate
0.0%
†
FNMA
,
6.729
%,
(
1-year
CMT
T-Note
+/-
MBS
Margin),
12/01/34
United
States
26,936
27,684
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
11.3%
FNMA,
15
Year
,
2.5
%,
7/01/27
.........................
United
States
30,034
29,366
FNMA,
20
Year
,
4.5
%,
3/01/28
.........................
United
States
8,572
8,512
FNMA,
20
Year
,
5
%,
1/01/26
-
6/01/31
....................
United
States
87,152
87,183
FNMA,
30
Year
,
2
%,
4/01/52
...........................
United
States
100,180,322
78,239,940
FNMA,
30
Year
,
3
%,
9/01/48
-
9/01/51
....................
United
States
14,553,023
12,558,342
FNMA,
30
Year
,
3.5
%,
8/01/52
.........................
United
States
33,289,387
29,528,725
FNMA,
30
Year
,
4
%,
2/01/49
...........................
United
States
7,244,368
6,754,966
FNMA,
30
Year
,
4.5
%,
2/01/41
.........................
United
States
108,681
105,464
FNMA,
30
Year
,
5
%,
10/01/35
..........................
United
States
231,038
229,426
FNMA,
30
Year
,
5
%,
4/01/53
...........................
United
States
23,365,366
22,580,577
FNMA,
30
Year
,
5.5
%,
9/01/33
-
12/01/35
.................
United
States
351,933
355,481
FNMA,
30
Year
,
6
%,
6/01/34
-
5/01/38
....................
United
States
647,212
660,545
FNMA,
30
Year
,
6
%,
8/01/53
...........................
United
States
23,069,243
23,291,315
FNMA,
30
Year
,
6.5
%,
3/01/28
-
10/01/37
.................
United
States
97,018
100,579
FNMA,
30
Year
,
7.5
%,
10/01/29
.........................
United
States
1,435
1,472
FNMA,
30
Year
,
8
%,
12/01/25
..........................
United
States
46
46
s
Uniform
Mortgage-Backed
Securities
,
2
%,
TBA,
2/25/55
......
United
States
9,459,000
7,364,718
s
Uniform
Mortgage-Backed
Securities
,
2.5
%,
TBA,
2/25/55
.....
United
States
85,111,000
69,376,676
s
Uniform
Mortgage-Backed
Securities
,
5.5
%,
TBA,
2/25/55
.....
United
States
14,950,000
14,766,255
s
Uniform
Mortgage-Backed
Securities
,
6
%,
TBA,
2/25/55
......
United
States
14,660,000
14,761,896
280,801,484
Government
National
Mortgage
Association
(GNMA)
Fixed
Rate
5.5%
GNMA
I,
Single-family,
30
Year
,
5
%,
6/15/34
-
7/15/34
........
United
States
30,136
30,034
GNMA
I,
Single-family,
30
Year
,
5.5
%,
2/15/33
-
6/15/36
......
United
States
142,747
144,691
GNMA
I,
Single-family,
30
Year
,
6
%,
8/15/36
...............
United
States
9,534
9,928
GNMA
I,
Single-family,
30
Year
,
6.5
%,
2/15/29
..............
United
States
413
415
GNMA
I,
Single-family,
30
Year
,
7
%,
5/15/28
...............
United
States
15
15
GNMA
I,
Single-family,
30
Year
,
7.5
%,
1/15/26
-
5/15/27
......
United
States
129
130
GNMA
I,
Single-family,
30
Year
,
8
%,
7/15/26
...............
United
States
15
15
GNMA
I,
Single-family,
30
Year
,
9.5
%,
6/15/25
..............
United
States
11
11
GNMA
II,
Single-family,
30
Year
,
5
%,
9/20/33
-
11/20/33
.......
United
States
59,919
59,890
GNMA
II,
Single-family,
30
Year
,
5.5
%,
6/20/34
.............
United
States
32,197
33,026
s
GNMA
II,
Single-family,
30
Year
,
5.5
%,
2/15/55
.............
United
States
27,870,000
27,674,039
GNMA
II,
Single-family,
30
Year
,
6
%,
11/20/34
..............
United
States
34,981
36,320
s
GNMA
II,
Single-family,
30
Year
,
6
%,
2/15/55
...............
United
States
83,098,000
83,812,123
GNMA
II,
Single-family,
30
Year
,
6.5
%,
7/20/28
-
12/20/31
.....
United
States
18,586
19,151
s
GNMA
II,
Single-family,
30
Year
,
6.5
%,
2/15/55
.............
United
States
23,635,000
24,086,645
GNMA
II,
Single-family,
30
Year
,
7.5
%,
4/20/32
.............
United
States
5,191
5,332
135,911,765
Total
Mortgage-Backed
Securities
(Cost
$
555,419,218
)
.........................
549,331,565
Residential
Mortgage-Backed
Securities
1.8%
Financial
Services
1.8%
e
,p
BRAVO
Residential
Funding
Trust
,
2019-2
,
A3
,
144A,
FRN
,
3.5%,
10/25/44
........................................
United
States
2,332,672
2,209,077
e
,p
CIM
Trust
,
2019-INV1
,
A1
,
144A,
FRN
,
4%,
2/25/49
................
United
States
543,866
514,249
2019-INV2
,
A3
,
144A,
FRN
,
4%,
5/25/49
................
United
States
1,312,416
1,216,768
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
28
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Residential
Mortgage-Backed
Securities
(continued)
Financial
Services
(continued)
e
,p
COLT
Mortgage
Loan
Trust
,
2022-4
,
A1
,
144A,
FRN
,
4.301%,
3/25/67
.........................................
United
States
3,026,300
$
2,985,784
e
,k
Connecticut
Avenue
Securities
Trust
,
2025-R01
,
1M1
,
144A,
FRN
,
5.451%,
(
30-day
SOFR
Average
+
1.1
%
),
1/25/45
.........
United
States
2,382,000
2,391,677
e
,k
FHLMC
STACR
REMIC
Trust
,
2025-DNA1
,
A1
,
144A,
FRN
,
5.335%,
(
30-day
SOFR
Average
+
0.95
%
),
1/25/45
........
United
States
3,573,000
3,577,089
k
FNMA
Connecticut
Avenue
Securities
,
2015-C01
,
1M2
,
FRN
,
8.765%,
(
30-day
SOFR
Average
+
4.414
%
),
2/25/25
..................................
United
States
709,969
711,696
2015-C02
,
1M2
,
FRN
,
8.465%,
(
30-day
SOFR
Average
+
4.114
%
),
5/25/25
..................................
United
States
3,276,964
3,303,695
2015-C03
,
1M2
,
FRN
,
9.465%,
(
30-day
SOFR
Average
+
5.114
%
),
7/25/25
..................................
United
States
3,934,435
4,013,734
2016-C01
,
1M2
,
FRN
,
11.215%,
(
30-day
SOFR
Average
+
6.864
%
),
8/25/28
..................................
United
States
493,714
513,512
2017-C04
,
2M2
,
FRN
,
7.315%,
(
30-day
SOFR
Average
+
2.964
%
),
11/25/29
.................................
United
States
3,225,540
3,316,494
e
,p
J.P.
Morgan
Mortgage
Trust
,
2021-15
,
A4
,
144A,
FRN
,
2.5%,
6/25/52
.........................................
United
States
3,504,455
3,061,171
e
,p
Mill
City
Mortgage
Loan
Trust
,
2018-4
,
A1B
,
144A,
FRN
,
3.5%,
4/25/66
.........................................
United
States
4,623,354
4,522,298
e
,p
OBX
Trust
,
2021-J3
,
A4
,
144A,
FRN
,
2.5%,
10/25/51
.........
United
States
987,158
866,704
e
,p
Provident
Funding
Associates
LLP
,
2021-J1
,
A3
,
144A,
FRN
,
2.5%,
2/20/49
....................................
United
States
1,583,508
1,377,748
e
,p
Provident
Funding
Mortgage
Trust
,
2019-1
,
A2
,
144A,
FRN
,
3%,
12/25/49
........................................
United
States
1,357,227
1,148,377
e
,p
PSMC
Trust
,
2021-3
,
A3
,
144A,
FRN
,
2.5%,
8/25/51
.........
United
States
9,256,652
8,190,617
43,920,690
a
a
a
a
a
a
Total
Residential
Mortgage-Backed
Securities
(Cost
$
47,385,896
)
...............
43,920,690
Shares
a
Escrows
and
Litigation
Trusts
0.0%
†
a,b
K2016470219
South
Africa
Ltd.,
Escrow
Account
............
South
Africa
620,001
—
b
Mesquite
Energy,
Inc.,
Escrow
Account
...................
United
States
6,000,000
90,000
Total
Escrows
and
Litigation
Trusts
(Cost
$
5,707,489
)
.........................
90,000
Total
Long
Term
Investments
(Cost
$
2,748,482,002
)
...........................
2,622,299,429
a
Short
Term
Investments
3.1%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
3.1%
d,t
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.089
%
..
United
States
75,463,907
75,463,907
Total
Money
Market
Funds
(Cost
$
75,463,907
)
................................
75,463,907
Total
Short
Term
Investments
(Cost
$
75,463,907
)
..............................
75,463,907
a
Total
Investments
(Cost
$
2,823,945,909
)
109.1
%
..............................
$2,697,763,336
Other
Assets,
less
Liabilities
(
9.1
)
%
.........................................
(223,789,609)
Net
Assets
100.0%
.........................................................
$2,473,973,727
a
a
a
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
29
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
Fair
valued
using
significant
unobservable
inputs.
See
Note
6
regarding
fair
value
measurements.
b
Non-income
producing.
c
See
Note
3
regarding
restricted
securities.
d
See
Note
5
regarding
investments
in
affiliated
management
investment
companies.
e
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
January
31,
2025,
the
aggregate
value
of
these
securities
was
$840,644,602,
representing
34.0%
of
net
assets.
f
Income
may
be
received
in
additional
securities
and/or
cash.
g
Defaulted
security
or
security
for
which
income
has
been
deemed
uncollectible.
h
The
coupon
rate
shown
represents
the
rate
at
period
end.
i
A
portion
or
all
of
the
security
purchased
on
a
delayed
delivery
basis.
j
Variable
interest
entity
(VIE).
See
Note
regarding
investments
made
through
a
VIE
structure.
At
January
31,
2025,
the
value
of
this
security
was
$8,020,272,
representing
0.3%
of
net
assets.
k
The
coupon
rate
shown
represents
the
rate
inclusive
of
any
caps
or
floors,
if
applicable,
in
effect
at
period
end.
l
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.
m
See
full
breakdown
of
marketplace
loans
holdings
in
the
table
at
the
end
of
this
schedule.
n
A
supranational
organization
is
an
entity
formed
by
two
or
more
central
governments
through
international
treaties.
o
Principal
amount
of
security,
redemption
price
at
maturity,
and/or
coupon
payments
are
adjusted
for
inflation.
p
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.
q
Investment
in
an
interest-only
security
entitles
holders
to
receive
only
the
interest
payment
on
the
underlying
instruments.
The
principal
amount
shown
is
the
notional
amount
of
the
underlying
instruments.
r
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).
s
Security
purchased
on
a
to-be-announced
(TBA)
basis.
t
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited),
January
31,
2025
Franklin
Core
Plus
Bond
Fund
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
30
,
At
January
31,
2025,
the
Fund
had
the
following
marketplace
loans
outstanding.
Description
Principal
Amount
Value
Marketplace
Loans
-
1.3%
Block,
Inc.
a
6984708.SQ.FTS.B
,
5
.567
%
,
3/02/25
....
$
1,263
$
17
a
6986997.SQ.FTS.B
,
5
.378
%
,
3/04/25
....
2,039
1,201
a
6986717.SQ.FTS.B
,
6
.416
%
,
3/04/25
....
4,801
2,775
a
6988751.SQ.FTS.B
,
5
.378
%
,
3/05/25
....
363
323
a
6987569.SQ.FTS.B
,
5
.754
%
,
3/05/25
....
3,671
100
a
6993089.SQ.FTS.B
,
4
.76
%
,
3/06/25
.....
1,782
51
a
6990602.SQ.FTS.B
,
5
.445
%
,
3/06/25
....
30
22
a
6990771.SQ.FTS.B
,
5
.749
%
,
3/06/25
....
254
197
a
7001717.SQ.FTS.B
,
4
.939
%
,
3/08/25
....
1,359
1,109
a
7003880.SQ.FTS.B
,
4
.655
%
,
3/10/25
....
1,180
1,091
a
7006776.SQ.FTS.B
,
5
.756
%
,
3/11/25
....
1,660
1,011
a
7008486.SQ.FTS.B
,
5
.189
%
,
3/12/25
....
793
600
a
7010025.SQ.FTS.B
,
5
.189
%
,
3/12/25
....
2,267
2,043
a
7008210.SQ.FTS.B
,
5
.566
%
,
3/12/25
....
426
342
a
7009982.SQ.FTS.B
,
6
.014
%
,
3/12/25
....
1,040
603
a
7009269.SQ.FTS.B
,
6
.165
%
,
3/12/25
....
22,063
613
a
7014159.SQ.FTS.B
,
5
.56
%
,
3/13/25
.....
1,246
786
a
7014068.SQ.FTS.B
,
6
.007
%
,
3/13/25
....
3,709
2,440
a
7019564.SQ.FTS.B
,
5
.197
%
,
3/14/25
....
1,455
1,081
a
7018665.SQ.FTS.B
,
5
.755
%
,
3/14/25
....
4,591
3,545
a
7023270.SQ.FTS.B
,
4
.935
%
,
3/15/25
....
9,860
5,806
a
7023843.SQ.FTS.B
,
5
.179
%
,
3/15/25
....
693
498
a
7023586.SQ.FTS.B
,
5
.193
%
,
3/15/25
....
1,801
1,357
a
7021732.SQ.FTS.B
,
5
.376
%
,
3/15/25
....
2,813
1,114
a
7021699.SQ.FTS.B
,
5
.77
%
,
3/15/25
.....
950
625
a
7020921.SQ.FTS.B
,
6
.005
%
,
3/15/25
....
645
477
a
7021179.SQ.FTS.B
,
6
.019
%
,
3/15/25
....
283
216
a
7022730.SQ.FTS.B
,
6
.259
%
,
3/15/25
....
3,666
265
a
7025304.SQ.FTS.B
,
4
.941
%
,
3/16/25
....
1,690
1,182
a
7024745.SQ.FTS.B
,
5
.76
%
,
3/16/25
.....
1,211
403
a
7028537.SQ.FTS.B
,
5
.189
%
,
3/18/25
....
66,996
1,544
a
7027109.SQ.FTS.B
,
5
.382
%
,
3/18/25
....
369
329
a
7029537.SQ.FTS.B
,
5
.566
%
,
3/18/25
....
1,714
1,251
a
7029879.SQ.FTS.B
,
5
.753
%
,
3/18/25
....
228
210
a
7033222.SQ.FTS.B
,
4
.937
%
,
3/19/25
....
11,339
8,236
a
7031071.SQ.FTS.B
,
5
.202
%
,
3/19/25
....
371
304
a
7031577.SQ.FTS.B
,
5
.56
%
,
3/19/25
.....
222
184
a
7032279.SQ.FTS.B
,
5
.567
%
,
3/19/25
....
1,962
1,351
a
7035266.SQ.FTS.B
,
5
.192
%
,
3/20/25
....
1,737
1,404
a
7043444.SQ.FTS.B
,
5
.376
%
,
3/21/25
....
6,529
215
a
7040179.SQ.FTS.B
,
5
.564
%
,
3/21/25
....
10,880
2,594
a
7041176.SQ.FTS.B
,
6
.004
%
,
3/21/25
....
985
775
a
7043824.SQ.FTS.B
,
6
.007
%
,
3/22/25
....
481
350
a
7046836.SQ.FTS.B
,
6
.261
%
,
3/22/25
....
2,078
1,519
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7046986.SQ.FTS.B
,
6
.267
%
,
3/22/25
....
$
445
$
333
a
7050197.SQ.FTS.B
,
4
.749
%
,
3/25/25
....
13,025
240
a
7052668.SQ.FTS.B
,
4
.936
%
,
3/25/25
....
1,948
71
a
7052092.SQ.FTS.B
,
5
.754
%
,
3/25/25
....
13,604
9,348
a
7051781.SQ.FTS.B
,
5
.757
%
,
3/25/25
....
3,344
2,413
a
7050592.SQ.FTS.B
,
6
.263
%
,
3/25/25
....
912
12
a
7054612.SQ.FTS.B
,
6
.006
%
,
3/26/25
....
5,385
103
a
7056251.SQ.FTS.B
,
4
.942
%
,
3/27/25
....
109
100
a
7061323.SQ.FTS.B
,
5
.189
%
,
3/28/25
....
34,494
813
a
7062963.SQ.FTS.B
,
5
.393
%
,
3/28/25
....
137
121
a
7062421.SQ.FTS.B
,
6
.006
%
,
3/28/25
....
896
39
a
7062617.SQ.FTS.B
,
6
.164
%
,
3/28/25
....
20,347
508
a
7065240.SQ.FTS.B
,
5
.189
%
,
3/29/25
....
1,821
1,483
a
7067874.SQ.FTS.B
,
6
.003
%
,
3/29/25
....
3,096
1,763
a
7065573.SQ.FTS.B
,
6
.258
%
,
3/29/25
....
13,691
463
a
7069240.SQ.FTS.B
,
5
.569
%
,
4/01/25
....
132
123
a
7071000.SQ.FTS.B
,
4
.721
%
,
4/02/25
....
645
9
a
7071207.SQ.FTS.B
,
5
.451
%
,
4/02/25
....
303
129
a
7071948.SQ.FTS.B
,
6
.248
%
,
4/02/25
....
1,123
442
a
7074171.SQ.FTS.B
,
5
.761
%
,
4/03/25
....
496
359
a
7074204.SQ.FTS.B
,
6
.419
%
,
4/03/25
....
2,901
1,332
a
7080510.SQ.FTS.B
,
6
.274
%
,
4/04/25
....
1,437
35
a
7085620.SQ.FTS.B
,
6
.007
%
,
4/05/25
....
8,877
200
a
7089901.SQ.FTS.B
,
5
.375
%
,
4/06/25
....
7,927
237
a
7091540.SQ.FTS.B
,
5
.756
%
,
4/06/25
....
10,017
543
a
7091737.SQ.FTS.B
,
6
.421
%
,
4/06/25
....
1,265
835
a
7092933.SQ.FTS.B
,
5
.76
%
,
4/07/25
.....
1,323
699
a
7094290.SQ.FTS.B
,
5
.565
%
,
4/09/25
....
2,521
1,171
a
7095396.SQ.FTS.B
,
5
.76
%
,
4/09/25
.....
3,021
1,661
a
7098792.SQ.FTS.B
,
4
.653
%
,
4/10/25
....
2,386
1,903
a
7095850.SQ.FTS.B
,
5
.189
%
,
4/10/25
....
150
126
a
7096738.SQ.FTS.B
,
5
.562
%
,
4/10/25
....
2,657
1,855
a
7100047.SQ.FTS.B
,
4
.937
%
,
4/11/25
....
34
33
a
7101698.SQ.FTS.B
,
5
.393
%
,
4/11/25
....
1,018
64
a
7102724.SQ.FTS.B
,
5
.566
%
,
4/11/25
....
4,584
1,106
a
7100289.SQ.FTS.B
,
5
.573
%
,
4/11/25
....
528
416
a
7102932.SQ.FTS.B
,
6
.255
%
,
4/11/25
....
1,825
904
a
7105121.SQ.FTS.B
,
4
.938
%
,
4/12/25
....
1,161
979
a
7106451.SQ.FTS.B
,
5
.377
%
,
4/12/25
....
11,957
806
a
7105271.SQ.FTS.B
,
5
.756
%
,
4/12/25
....
384
237
a
7108839.SQ.FTS.B
,
4
.653
%
,
4/13/25
....
5,813
4,360
a
7109927.SQ.FTS.B
,
6
.418
%
,
4/13/25
....
8,573
159
a
7112817.SQ.FTS.B
,
5
.382
%
,
4/14/25
....
1,926
116
a
7112255.SQ.FTS.B
,
6
.155
%
,
4/14/25
....
2,323
777
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
31
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7115405.SQ.FTS.B
,
4
.655
%
,
4/16/25
....
$
35,457
$
2,234
a
7117443.SQ.FTS.B
,
4
.935
%
,
4/16/25
....
596
428
a
7115331.SQ.FTS.B
,
5
.762
%
,
4/16/25
....
750
351
a
7119074.SQ.FTS.B
,
4
.94
%
,
4/17/25
.....
1,822
1,375
a
7118029.SQ.FTS.B
,
5
.753
%
,
4/17/25
....
523
334
a
7121272.SQ.FTS.B
,
6
.012
%
,
4/17/25
....
2,783
72
a
7122345.SQ.FTS.B
,
4
.762
%
,
4/18/25
....
402
6
a
7123668.SQ.FTS.B
,
4
.936
%
,
4/18/25
....
2,218
2,043
a
7125329.SQ.FTS.B
,
6
.003
%
,
4/18/25
....
982
647
a
7123343.SQ.FTS.B
,
6
.006
%
,
4/18/25
....
11,536
6,986
a
7134939.SQ.FTS.B
,
5
.756
%
,
4/19/25
....
9,292
221
a
7137611.SQ.FTS.B
,
5
.189
%
,
4/20/25
....
10,916
2,498
a
7141925.SQ.FTS.B
,
5
.566
%
,
4/21/25
....
2,787
2,540
a
7142919.SQ.FTS.B
,
5
.752
%
,
4/22/25
....
1,171
816
a
7147597.SQ.FTS.B
,
5
.364
%
,
4/23/25
....
1,926
44
a
7147279.SQ.FTS.B
,
5
.38
%
,
4/23/25
.....
8,174
5,297
a
7149622.SQ.FTS.B
,
5
.369
%
,
4/24/25
....
150
143
a
7150018.SQ.FTS.B
,
5
.384
%
,
4/24/25
....
1,571
855
a
7149585.SQ.FTS.B
,
6
.27
%
,
4/24/25
.....
495
294
a
7151063.SQ.FTS.B
,
6
.427
%
,
4/24/25
....
249
178
a
7154719.SQ.FTS.B
,
5
.759
%
,
4/25/25
....
6,577
85
a
7160263.SQ.FTS.B
,
6
.152
%
,
4/26/25
....
928
325
a
7158189.SQ.FTS.B
,
6
.269
%
,
4/26/25
....
1,540
1,033
a
7160797.SQ.FTS.B
,
4
.654
%
,
4/27/25
....
2,051
1,911
a
7164006.SQ.FTS.B
,
5
.364
%
,
4/27/25
....
236
214
a
7164127.SQ.FTS.B
,
5
.756
%
,
4/27/25
....
485
438
a
7163217.SQ.FTS.B
,
5
.773
%
,
4/27/25
....
803
500
a
7163900.SQ.FTS.B
,
6
.413
%
,
4/27/25
....
5,893
2,671
a
7164193.SQ.FTS.B
,
5
.377
%
,
4/28/25
....
5,624
76
a
7165931.SQ.FTS.B
,
5
.385
%
,
4/29/25
....
1,875
128
a
7165983.SQ.FTS.B
,
5
.757
%
,
4/29/25
....
1,055
777
a
7172526.SQ.FTS.B
,
4
.748
%
,
4/30/25
....
5,042
3,154
a
7171906.SQ.FTS.B
,
5
.376
%
,
4/30/25
....
1,314
931
a
7166695.SQ.FTS.B
,
5
.378
%
,
4/30/25
....
2,423
1,794
a
7169700.SQ.FTS.B
,
5
.56
%
,
4/30/25
.....
249
224
a
7168326.SQ.FTS.B
,
5
.572
%
,
4/30/25
....
1,319
746
a
7168044.SQ.FTS.B
,
5
.764
%
,
4/30/25
....
2,062
379
a
7174316.SQ.FTS.B
,
4
.653
%
,
5/01/25
....
2,375
2,309
a
7176646.SQ.FTS.B
,
4
.762
%
,
5/01/25
....
1,231
10
a
7176634.SQ.FTS.B
,
5
.445
%
,
5/01/25
....
1,458
17
a
7173920.SQ.FTS.B
,
5
.759
%
,
5/01/25
....
1,021
694
a
7173881.SQ.FTS.B
,
6
.415
%
,
5/01/25
....
2,005
310
a
7180807.SQ.FTS.B
,
4
.654
%
,
5/02/25
....
2,907
1,741
a
7180850.SQ.FTS.B
,
4
.935
%
,
5/02/25
....
2,462
73
a
7180217.SQ.FTS.B
,
4
.936
%
,
5/02/25
....
92
92
a
7179318.SQ.FTS.B
,
5
.189
%
,
5/02/25
....
11,376
2,328
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7183657.SQ.FTS.B
,
5
.987
%
,
5/02/25
....
$
790
$
518
a
7187317.SQ.FTS.B
,
5
.575
%
,
5/03/25
....
632
483
a
7187279.SQ.FTS.B
,
6
.004
%
,
5/03/25
....
1,190
361
a
7191961.SQ.FTS.B
,
5
.481
%
,
5/06/25
....
341
102
a
7196096.SQ.FTS.B
,
6
.003
%
,
5/07/25
....
8,216
94
a
7195692.SQ.FTS.B
,
6
.243
%
,
5/07/25
....
122
95
a
7198081.SQ.FTS.B
,
5
.561
%
,
5/08/25
....
699
603
a
7201085.SQ.FTS.B
,
6
.419
%
,
5/08/25
....
1,847
356
a
7203631.SQ.FTS.B
,
4
.745
%
,
5/09/25
....
1,386
349
a
7206523.SQ.FTS.B
,
4
.938
%
,
5/09/25
....
5,510
5,346
a
7204614.SQ.FTS.B
,
5
.184
%
,
5/09/25
....
3,537
104
a
7203214.SQ.FTS.B
,
5
.188
%
,
5/09/25
....
3,023
2,665
a
7206450.SQ.FTS.B
,
5
.373
%
,
5/09/25
....
1,804
1,211
a
7204933.SQ.FTS.B
,
5
.409
%
,
5/09/25
....
381
5
a
7206160.SQ.FTS.B
,
6
.258
%
,
5/09/25
....
11,872
2,171
a
7210379.SQ.FTS.B
,
6
.263
%
,
5/10/25
....
1,074
753
a
7212092.SQ.FTS.B
,
4
.939
%
,
5/12/25
....
1,098
1,026
a
7212016.SQ.FTS.B
,
5
.577
%
,
5/12/25
....
378
333
a
7215803.SQ.FTS.B
,
4
.932
%
,
5/13/25
....
3,486
296
a
7213980.SQ.FTS.B
,
5
.991
%
,
5/13/25
....
69
62
a
7215930.SQ.FTS.B
,
6
.257
%
,
5/13/25
....
13,761
297
a
7218697.SQ.FTS.B
,
5
.189
%
,
5/14/25
....
77
77
a
7218862.SQ.FTS.B
,
5
.189
%
,
5/14/25
....
3,624
2,428
a
7220791.SQ.FTS.B
,
5
.436
%
,
5/14/25
....
457
99
a
7223565.SQ.FTS.B
,
5
.189
%
,
5/15/25
....
2,277
2,217
a
7221721.SQ.FTS.B
,
5
.376
%
,
5/15/25
....
964
906
a
7224254.SQ.FTS.B
,
5
.757
%
,
5/15/25
....
6,035
4,246
a
7222451.SQ.FTS.B
,
6
.258
%
,
5/15/25
....
6,875
1,328
a
7227987.SQ.FTS.B
,
4
.943
%
,
5/16/25
....
448
431
a
7232102.SQ.FTS.B
,
5
.189
%
,
5/17/25
....
3,205
3,055
a
7232784.SQ.FTS.B
,
5
.757
%
,
5/17/25
....
1,708
1,087
a
7233028.SQ.FTS.B
,
6
.266
%
,
5/17/25
....
307
222
a
7234781.SQ.FTS.B
,
5
.376
%
,
5/18/25
....
117
115
a
7235145.SQ.FTS.B
,
6
.008
%
,
5/18/25
....
20,605
446
a
7237806.SQ.FTS.B
,
5
.384
%
,
5/20/25
....
768
514
a
7240312.SQ.FTS.B
,
6
.157
%
,
5/20/25
....
298
225
a
7243786.SQ.FTS.B
,
4
.654
%
,
5/21/25
....
8,980
6,268
a
7242370.SQ.FTS.B
,
4
.933
%
,
5/21/25
....
597
553
a
7243413.SQ.FTS.B
,
5
.382
%
,
5/21/25
....
1,664
425
a
7244368.SQ.FTS.B
,
6
%
,
5/21/25
.......
839
573
a
7242328.SQ.FTS.B
,
6
.153
%
,
5/21/25
....
653
441
a
7243236.SQ.FTS.B
,
6
.26
%
,
5/21/25
.....
8,746
170
a
7247605.SQ.FTS.B
,
5
.185
%
,
5/22/25
....
1,856
22
a
7250948.SQ.FTS.B
,
5
.377
%
,
5/22/25
....
563
426
a
7248975.SQ.FTS.B
,
6
.017
%
,
5/22/25
....
595
509
a
7249354.SQ.FTS.B
,
6
.25
%
,
5/22/25
.....
19
18
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
32
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7249679.SQ.FTS.B
,
6
.422
%
,
5/22/25
....
$
840
$
477
a
7249518.SQ.FTS.B
,
6
.424
%
,
5/22/25
....
2,027
26
a
7251900.SQ.FTS.B
,
6
.422
%
,
5/23/25
....
1,217
327
a
7252092.SQ.FTS.B
,
4
.937
%
,
5/24/25
....
1,148
629
a
7253237.SQ.FTS.B
,
6
.01
%
,
5/24/25
.....
810
243
a
7252834.SQ.FTS.B
,
6
.167
%
,
5/24/25
....
4,847
61
a
7254743.SQ.FTS.B
,
4
.656
%
,
5/25/25
....
1,759
1,584
a
7256122.SQ.FTS.B
,
5
.365
%
,
5/25/25
....
1,533
22
a
7256570.SQ.FTS.B
,
4
.935
%
,
5/26/25
....
6,943
5,014
a
7262532.SQ.FTS.B
,
4
.752
%
,
5/28/25
....
3,144
70
a
7263375.SQ.FTS.B
,
5
.386
%
,
5/28/25
....
123
117
a
7262602.SQ.FTS.B
,
5
.43
%
,
5/28/25
.....
797
481
a
7263402.SQ.FTS.B
,
6
.004
%
,
5/28/25
....
574
519
a
7264204.SQ.FTS.B
,
4
.654
%
,
5/29/25
....
20,213
19,445
a
7267344.SQ.FTS.B
,
4
.654
%
,
5/29/25
....
5,323
5,204
a
7266191.SQ.FTS.B
,
4
.938
%
,
5/29/25
....
41,600
15,896
a
7270377.SQ.FTS.B
,
4
.657
%
,
5/30/25
....
1,046
1,010
a
7273383.SQ.FTS.B
,
4
.938
%
,
5/30/25
....
935
926
a
7275604.SQ.FTS.B
,
5
.374
%
,
6/01/25
....
1,428
551
a
7277031.SQ.FTS.B
,
5
.754
%
,
6/01/25
....
26,816
11,073
a
7275495.SQ.FTS.B
,
6
.005
%
,
6/01/25
....
708
556
a
7279324.SQ.FTS.B
,
4
.653
%
,
6/03/25
....
2,495
2,441
a
7278877.SQ.FTS.B
,
6
.403
%
,
6/03/25
....
804
327
a
7280873.SQ.FTS.B
,
5
.192
%
,
6/04/25
....
5,514
537
a
7282931.SQ.FTS.B
,
5
.377
%
,
6/04/25
....
10,198
8,297
a
7281601.SQ.FTS.B
,
5
.409
%
,
6/04/25
....
1,132
13
a
7282811.SQ.FTS.B
,
6
.248
%
,
6/04/25
....
794
16
a
7281210.SQ.FTS.B
,
6
.261
%
,
6/04/25
....
901
12
a
7286507.SQ.FTS.B
,
4
.652
%
,
6/05/25
....
4,405
2,599
a
7286088.SQ.FTS.B
,
4
.653
%
,
6/05/25
....
8,793
6,314
a
7287612.SQ.FTS.B
,
5
.189
%
,
6/05/25
....
328
319
a
7287069.SQ.FTS.B
,
5
.382
%
,
6/05/25
....
296
282
a
7285398.SQ.FTS.B
,
5
.433
%
,
6/05/25
....
2,028
676
a
7287176.SQ.FTS.B
,
6
.006
%
,
6/05/25
....
5,152
117
a
7284693.SQ.FTS.B
,
6
.007
%
,
6/05/25
....
1,404
103
a
7287732.SQ.FTS.B
,
6
.184
%
,
6/05/25
....
393
136
a
7287144.SQ.FTS.B
,
6
.267
%
,
6/05/25
....
1,780
634
a
7290056.SQ.FTS.B
,
5
.377
%
,
6/06/25
....
5,162
99
a
7289261.SQ.FTS.B
,
5
.565
%
,
6/06/25
....
1,039
26
a
7289183.SQ.FTS.B
,
6
.164
%
,
6/06/25
....
1,231
860
a
7289438.SQ.FTS.B
,
6
.235
%
,
6/06/25
....
216
170
a
7297795.SQ.FTS.B
,
5
.388
%
,
6/07/25
....
245
240
a
7297771.SQ.FTS.B
,
5
.771
%
,
6/07/25
....
198
175
a
7299621.SQ.FTS.B
,
4
.654
%
,
6/08/25
....
35,452
16,597
a
7300176.SQ.FTS.B
,
6
.008
%
,
6/08/25
....
2,183
1,491
a
7302047.SQ.FTS.B
,
6
.258
%
,
6/09/25
....
1,634
573
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7303540.SQ.FTS.B
,
5
.565
%
,
6/10/25
....
$
1,343
$
542
a
7303522.SQ.FTS.B
,
6
.265
%
,
6/10/25
....
335
183
a
7314543.SQ.FTS.B
,
5
.191
%
,
6/12/25
....
4,199
2,685
a
7314341.SQ.FTS.B
,
5
.195
%
,
6/12/25
....
545
518
a
7309945.SQ.FTS.B
,
6
.018
%
,
6/12/25
....
1,123
762
a
7316842.SQ.FTS.B
,
4
.743
%
,
6/13/25
....
4,406
58
a
7317981.SQ.FTS.B
,
5
.434
%
,
6/13/25
....
1,352
698
a
7314697.SQ.FTS.B
,
5
.559
%
,
6/13/25
....
3,749
47
a
7318018.SQ.FTS.B
,
5
.564
%
,
6/13/25
....
6,392
80
a
7316232.SQ.FTS.B
,
5
.566
%
,
6/13/25
....
8,167
7,518
a
7316730.SQ.FTS.B
,
6
.005
%
,
6/13/25
....
3,401
2,384
a
7316192.SQ.FTS.B
,
6
.014
%
,
6/13/25
....
397
309
a
7321802.SQ.FTS.B
,
4
.937
%
,
6/14/25
....
3,782
3,735
a
7321344.SQ.FTS.B
,
4
.945
%
,
6/14/25
....
665
650
a
7323332.SQ.FTS.B
,
5
.563
%
,
6/14/25
....
2,749
1,937
a
7321061.SQ.FTS.B
,
5
.753
%
,
6/14/25
....
842
798
a
7323718.SQ.FTS.B
,
6
.006
%
,
6/14/25
....
3,869
1,508
a
7323102.SQ.FTS.B
,
6
.167
%
,
6/14/25
....
1,071
604
a
7327791.SQ.FTS.B
,
4
.748
%
,
6/15/25
....
8,988
541
a
7324925.SQ.FTS.B
,
5
.182
%
,
6/15/25
....
1,334
203
a
7326332.SQ.FTS.B
,
5
.384
%
,
6/15/25
....
1,034
840
a
7328914.SQ.FTS.B
,
5
.566
%
,
6/16/25
....
10,551
197
a
7329210.SQ.FTS.B
,
6
.42
%
,
6/17/25
.....
3,315
80
a
7333816.SQ.FTS.B
,
4
.655
%
,
6/18/25
....
3,593
2,959
a
7332668.SQ.FTS.B
,
5
.185
%
,
6/18/25
....
1,342
1,146
a
7334014.SQ.FTS.B
,
5
.459
%
,
6/18/25
....
1,044
20
a
7330422.SQ.FTS.B
,
6
.162
%
,
6/18/25
....
879
536
a
7336581.SQ.FTS.B
,
4
.937
%
,
6/19/25
....
49,530
881
a
7336119.SQ.FTS.B
,
5
.377
%
,
6/19/25
....
772
738
a
7335932.SQ.FTS.B
,
5
.566
%
,
6/19/25
....
8,474
1,450
a
7334863.SQ.FTS.B
,
5
.763
%
,
6/19/25
....
1,344
981
a
7339897.SQ.FTS.B
,
4
.653
%
,
6/20/25
....
3,395
2,799
a
7338883.SQ.FTS.B
,
5
.567
%
,
6/20/25
....
6,529
4,589
a
7340806.SQ.FTS.B
,
6
.008
%
,
6/20/25
....
3,592
1,590
a
7345521.SQ.FTS.B
,
5
.752
%
,
6/21/25
....
1,682
1,406
a
7344575.SQ.FTS.B
,
6
.009
%
,
6/21/25
....
4,105
448
a
7346393.SQ.FTS.B
,
6
.164
%
,
6/21/25
....
62,612
1,225
a
7348949.SQ.FTS.B
,
5
.189
%
,
6/22/25
....
6,925
6,590
a
7348505.SQ.FTS.B
,
6
.038
%
,
6/22/25
....
627
363
a
7348520.SQ.FTS.B
,
6
.176
%
,
6/22/25
....
282
231
a
7351981.SQ.FTS.B
,
4
.654
%
,
6/23/25
....
17,215
446
a
7352490.SQ.FTS.B
,
4
.752
%
,
6/23/25
....
1,988
1,018
a
7352449.SQ.FTS.B
,
5
.372
%
,
6/23/25
....
814
766
a
7351914.SQ.FTS.B
,
6
.417
%
,
6/23/25
....
2,635
1,397
a
7352850.SQ.FTS.B
,
6
.257
%
,
6/24/25
....
12,690
190
a
7353560.SQ.FTS.B
,
4
.654
%
,
6/25/25
....
6,366
5,536
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
33
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7353901.SQ.FTS.B
,
6
.167
%
,
6/25/25
....
$
4,759
$
52
a
7353721.SQ.FTS.B
,
6
.402
%
,
6/25/25
....
413
330
a
7360937.SQ.FTS.B
,
4
.654
%
,
6/27/25
....
4,169
2,893
a
7359726.SQ.FTS.B
,
4
.769
%
,
6/27/25
....
507
246
a
7359006.SQ.FTS.B
,
5
.439
%
,
6/27/25
....
2,767
295
a
7365009.SQ.FTS.B
,
4
.938
%
,
6/28/25
....
1,080
1,073
a
7369800.SQ.FTS.B
,
4
.654
%
,
6/29/25
....
4,403
4,276
a
7369711.SQ.FTS.B
,
5
.388
%
,
6/29/25
....
1,261
837
a
7371597.SQ.FTS.B
,
4
.651
%
,
6/30/25
....
903
880
a
7370708.SQ.FTS.B
,
5
.189
%
,
6/30/25
....
1,865
1,789
a
7371685.SQ.FTS.B
,
5
.752
%
,
6/30/25
....
3,456
1,091
a
7370367.SQ.FTS.B
,
5
.764
%
,
6/30/25
....
1,662
519
a
7370851.SQ.FTS.B
,
6
.02
%
,
6/30/25
.....
664
189
a
7374871.SQ.FTS.B
,
4
.655
%
,
7/02/25
....
3,841
3,586
a
7372921.SQ.FTS.B
,
4
.948
%
,
7/02/25
....
1,367
1,139
a
7375076.SQ.FTS.B
,
5
.374
%
,
7/02/25
....
6,418
1,056
a
7375989.SQ.FTS.B
,
4
.649
%
,
7/03/25
....
1,431
1,332
a
7377813.SQ.FTS.B
,
5
.76
%
,
7/03/25
.....
5,830
62
a
7381648.SQ.FTS.B
,
5
.563
%
,
7/04/25
....
332
310
a
7383572.SQ.FTS.B
,
5
.577
%
,
7/04/25
....
252
240
a
7383605.SQ.FTS.B
,
5
.758
%
,
7/04/25
....
2,193
1,863
a
7385233.SQ.FTS.B
,
4
.653
%
,
7/05/25
....
133
133
a
7386559.SQ.FTS.B
,
5
.745
%
,
7/05/25
....
113
104
a
7387561.SQ.FTS.B
,
4
.752
%
,
7/06/25
....
213
164
a
7387529.SQ.FTS.B
,
5
.372
%
,
7/06/25
....
631
329
a
7388169.SQ.FTS.B
,
4
.654
%
,
7/07/25
....
2,172
2,115
a
7387772.SQ.FTS.B
,
5
.191
%
,
7/07/25
....
5
4
a
7389966.SQ.FTS.B
,
4
.756
%
,
7/08/25
....
1,331
229
a
7389892.SQ.FTS.B
,
5
.193
%
,
7/08/25
....
2,360
2,069
a
7391169.SQ.FTS.B
,
5
.756
%
,
7/08/25
....
1,831
1,477
a
7392524.SQ.FTS.B
,
5
.193
%
,
7/09/25
....
731
695
a
7393197.SQ.FTS.B
,
5
.385
%
,
7/09/25
....
197
195
a
7401342.SQ.FTS.B
,
5
.566
%
,
7/11/25
....
7,731
6,506
a
7402047.SQ.FTS.B
,
5
.75
%
,
7/11/25
.....
5,039
80
a
7401076.SQ.FTS.B
,
6
.161
%
,
7/11/25
....
4,234
140
a
7401939.SQ.FTS.B
,
6
.392
%
,
7/11/25
....
400
83
a
7405769.SQ.FTS.B
,
4
.935
%
,
7/12/25
....
1,190
1,152
a
7405917.SQ.FTS.B
,
4
.938
%
,
7/12/25
....
1,898
1,514
a
7405039.SQ.FTS.B
,
5
.377
%
,
7/12/25
....
10,283
9,104
a
7408510.SQ.FTS.B
,
4
.655
%
,
7/15/25
....
5,480
5,339
a
7408443.SQ.FTS.B
,
5
.564
%
,
7/15/25
....
2,289
1,978
a
7408312.SQ.FTS.B
,
5
.753
%
,
7/15/25
....
2,067
1,819
a
7409173.SQ.FTS.B
,
4
.654
%
,
7/16/25
....
332
330
a
7409774.SQ.FTS.B
,
4
.938
%
,
7/16/25
....
11,101
10,458
a
7411525.SQ.FTS.B
,
6
.169
%
,
7/16/25
....
1,444
450
a
7412366.SQ.FTS.B
,
4
.654
%
,
7/17/25
....
9,843
8,825
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7412344.SQ.FTS.B
,
4
.707
%
,
7/17/25
....
$
295
$
151
a
7412972.SQ.FTS.B
,
5
.377
%
,
7/17/25
....
6,512
6,039
a
7411864.SQ.FTS.B
,
5
.38
%
,
7/17/25
.....
160
159
a
7416105.SQ.FTS.B
,
4
.939
%
,
7/18/25
....
3,377
1,316
a
7417924.SQ.FTS.B
,
5
.566
%
,
7/18/25
....
5,269
104
a
7418257.SQ.FTS.B
,
5
.758
%
,
7/18/25
....
3,553
2,407
a
7418385.SQ.FTS.B
,
5
.997
%
,
7/18/25
....
608
509
a
7420767.SQ.FTS.B
,
4
.937
%
,
7/19/25
....
14,939
14,119
a
7422446.SQ.FTS.B
,
5
.773
%
,
7/20/25
....
1,376
24
a
7423387.SQ.FTS.B
,
5
.574
%
,
7/21/25
....
1,914
38
a
7423408.SQ.FTS.B
,
5
.757
%
,
7/21/25
....
5,405
3,887
a
7424195.SQ.FTS.B
,
4
.654
%
,
7/22/25
....
1,697
1,630
a
7426750.SQ.FTS.B
,
4
.758
%
,
7/22/25
....
1,835
32
a
7425587.SQ.FTS.B
,
6
.416
%
,
7/22/25
....
7,176
6,261
a
7428814.SQ.FTS.B
,
4
.659
%
,
7/23/25
....
2,274
2,134
a
7430504.SQ.FTS.B
,
4
.654
%
,
7/24/25
....
68,115
838
a
7432399.SQ.FTS.B
,
6
.014
%
,
7/24/25
....
891
642
a
7432611.SQ.FTS.B
,
6
.412
%
,
7/24/25
....
565
447
a
7438053.SQ.FTS.B
,
5
.566
%
,
7/25/25
....
9,004
212
a
7441625.SQ.FTS.B
,
4
.937
%
,
7/26/25
....
27,215
14,413
a
7441508.SQ.FTS.B
,
5
.756
%
,
7/26/25
....
508
453
a
7441417.SQ.FTS.B
,
6
.01
%
,
7/26/25
.....
683
629
a
7442906.SQ.FTS.B
,
5
.19
%
,
7/28/25
.....
2,807
2,733
a
7443079.SQ.FTS.B
,
6
.271
%
,
7/28/25
....
1,654
355
a
7447048.SQ.FTS.B
,
4
.749
%
,
7/29/25
....
43,825
465
a
7446590.SQ.FTS.B
,
5
.377
%
,
7/29/25
....
8,070
4,195
a
7450028.SQ.FTS.B
,
4
.657
%
,
7/30/25
....
1,772
1,735
a
7447752.SQ.FTS.B
,
4
.938
%
,
7/30/25
....
412
409
a
7459098.SQ.FTS.B
,
4
.653
%
,
8/01/25
....
963
931
a
7458111.SQ.FTS.B
,
4
.654
%
,
8/01/25
....
3,228
3,127
a
7459076.SQ.FTS.B
,
5
.76
%
,
8/01/25
.....
1,013
261
a
7459816.SQ.FTS.B
,
6
.008
%
,
8/01/25
....
4,808
3,422
a
7462079.SQ.FTS.B
,
4
.937
%
,
8/02/25
....
2,687
2,676
a
7461517.SQ.FTS.B
,
5
.99
%
,
8/02/25
.....
76
74
a
7461359.SQ.FTS.B
,
6
.162
%
,
8/02/25
....
10,885
76
a
7462768.SQ.FTS.B
,
5
.187
%
,
8/03/25
....
7,473
5,096
a
7464949.SQ.FTS.B
,
4
.654
%
,
8/05/25
....
21,046
18,198
a
7466260.SQ.FTS.B
,
4
.654
%
,
8/05/25
....
8,740
8,582
a
7470030.SQ.FTS.B
,
4
.649
%
,
8/06/25
....
1,227
1,183
a
7468484.SQ.FTS.B
,
4
.653
%
,
8/06/25
....
27,792
1,285
a
7471403.SQ.FTS.B
,
4
.935
%
,
8/06/25
....
2,653
2,559
a
7473372.SQ.FTS.B
,
5
.189
%
,
8/07/25
....
16,989
15,973
a
7474010.SQ.FTS.B
,
5
.376
%
,
8/07/25
....
1,412
1,400
a
7473943.SQ.FTS.B
,
5
.377
%
,
8/07/25
....
2,690
1,972
a
7476687.SQ.FTS.B
,
4
.656
%
,
8/08/25
....
7,869
6,660
a
7481366.SQ.FTS.B
,
5
.975
%
,
8/09/25
....
176
127
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
34
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7483349.SQ.FTS.B
,
5
.377
%
,
8/10/25
....
$
741
$
716
a
7483714.SQ.FTS.B
,
5
.453
%
,
8/10/25
....
491
331
a
7483269.SQ.FTS.B
,
6
.13
%
,
8/10/25
.....
178
157
a
7484428.SQ.FTS.B
,
5
.189
%
,
8/11/25
....
4,409
4,086
a
7484313.SQ.FTS.B
,
5
.43
%
,
8/11/25
.....
155
126
a
7483959.SQ.FTS.B
,
5
.756
%
,
8/11/25
....
2,817
295
a
7489736.SQ.FTS.B
,
4
.654
%
,
8/13/25
....
99
99
a
7488878.SQ.FTS.B
,
5
.375
%
,
8/13/25
....
316
298
a
7488630.SQ.FTS.B
,
5
.555
%
,
8/13/25
....
957
713
a
7490121.SQ.FTS.B
,
5
.568
%
,
8/13/25
....
199
196
a
7488673.SQ.FTS.B
,
5
.581
%
,
8/13/25
....
805
368
a
7489102.SQ.FTS.B
,
5
.757
%
,
8/13/25
....
4,922
4,662
a
7488366.SQ.FTS.B
,
5
.762
%
,
8/13/25
....
1,157
889
a
7490203.SQ.FTS.B
,
6
.424
%
,
8/13/25
....
666
505
a
7492175.SQ.FTS.B
,
4
.654
%
,
8/14/25
....
333
330
a
7492035.SQ.FTS.B
,
4
.78
%
,
8/14/25
.....
433
282
a
7495008.SQ.FTS.B
,
5
.566
%
,
8/14/25
....
3,773
3,579
a
7502317.SQ.FTS.B
,
4
.653
%
,
8/15/25
....
679
676
a
7503088.SQ.FTS.B
,
4
.654
%
,
8/15/25
....
5,064
4,891
a
7502263.SQ.FTS.B
,
5
.744
%
,
8/15/25
....
663
561
a
7502769.SQ.FTS.B
,
5
.765
%
,
8/15/25
....
396
347
a
7500824.SQ.FTS.B
,
6
.258
%
,
8/15/25
....
27,055
500
a
7507743.SQ.FTS.B
,
4
.654
%
,
8/16/25
....
10,647
10,130
a
7508686.SQ.FTS.B
,
4
.934
%
,
8/16/25
....
2,765
1,956
a
7505386.SQ.FTS.B
,
5
.379
%
,
8/16/25
....
3,229
3,139
a
7508856.SQ.FTS.B
,
4
.932
%
,
8/17/25
....
3,854
74
a
7509099.SQ.FTS.B
,
6
.006
%
,
8/17/25
....
547
491
a
7510213.SQ.FTS.B
,
4
.654
%
,
8/18/25
....
2,300
2,248
a
7511467.SQ.FTS.B
,
4
.654
%
,
8/19/25
....
4,714
4,647
a
7511303.SQ.FTS.B
,
4
.939
%
,
8/19/25
....
6,325
4,914
a
7511241.SQ.FTS.B
,
5
.183
%
,
8/19/25
....
2,625
1,853
a
7511680.SQ.FTS.B
,
5
.381
%
,
8/19/25
....
5,184
105
a
7511854.SQ.FTS.B
,
5
.554
%
,
8/19/25
....
766
650
a
7511795.SQ.FTS.B
,
5
.761
%
,
8/19/25
....
2,165
110
a
7513399.SQ.FTS.B
,
4
.654
%
,
8/20/25
....
1,890
1,856
a
7514863.SQ.FTS.B
,
4
.654
%
,
8/20/25
....
9,340
160
a
7515335.SQ.FTS.B
,
4
.654
%
,
8/20/25
....
3,236
3,220
a
7514547.SQ.FTS.B
,
4
.941
%
,
8/20/25
....
1,610
1,567
a
7514860.SQ.FTS.B
,
5
.475
%
,
8/20/25
....
136
72
a
7514967.SQ.FTS.B
,
5
.755
%
,
8/20/25
....
1,315
1,023
a
7515221.SQ.FTS.B
,
5
.756
%
,
8/20/25
....
3,512
3,072
a
7518078.SQ.FTS.B
,
4
.654
%
,
8/21/25
....
7,557
6,546
a
7516507.SQ.FTS.B
,
4
.937
%
,
8/21/25
....
2,371
2,320
a
7518436.SQ.FTS.B
,
5
.761
%
,
8/21/25
....
837
781
a
7519968.SQ.FTS.B
,
6
.415
%
,
8/21/25
....
10,143
4,148
a
7522961.SQ.FTS.B
,
4
.936
%
,
8/22/25
....
2,955
2,923
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7527856.SQ.FTS.B
,
4
.655
%
,
8/23/25
....
$
783
$
779
a
7526085.SQ.FTS.B
,
4
.661
%
,
8/23/25
....
535
518
a
7529157.SQ.FTS.B
,
5
.193
%
,
8/23/25
....
506
503
a
7528668.SQ.FTS.B
,
5
.379
%
,
8/23/25
....
6,700
6,415
a
7529577.SQ.FTS.B
,
5
.559
%
,
8/23/25
....
980
933
a
7527110.SQ.FTS.B
,
5
.75
%
,
8/23/25
.....
560
180
a
7526613.SQ.FTS.B
,
5
.755
%
,
8/23/25
....
1,121
1,048
a
7530426.SQ.FTS.B
,
5
.195
%
,
8/25/25
....
1,307
1,196
a
7530845.SQ.FTS.B
,
5
.373
%
,
8/25/25
....
950
932
a
7531999.SQ.FTS.B
,
4
.937
%
,
8/26/25
....
4,309
3,454
a
7533068.SQ.FTS.B
,
5
.19
%
,
8/26/25
.....
1,266
1,186
a
7531562.SQ.FTS.B
,
5
.199
%
,
8/26/25
....
656
583
a
7535311.SQ.FTS.B
,
5
.563
%
,
8/26/25
....
1,088
947
a
7533921.SQ.FTS.B
,
5
.566
%
,
8/26/25
....
11,618
8,820
a
7535396.SQ.FTS.B
,
5
.755
%
,
8/26/25
....
588
546
a
7535779.SQ.FTS.B
,
4
.653
%
,
8/27/25
....
3,761
672
a
7536262.SQ.FTS.B
,
4
.654
%
,
8/27/25
....
3,134
3,081
a
7539394.SQ.FTS.B
,
4
.654
%
,
8/27/25
....
871
859
a
7537580.SQ.FTS.B
,
4
.937
%
,
8/27/25
....
25,953
510
a
7536219.SQ.FTS.B
,
5
.182
%
,
8/27/25
....
199
198
a
7536158.SQ.FTS.B
,
5
.189
%
,
8/27/25
....
362
349
a
7539738.SQ.FTS.B
,
5
.566
%
,
8/27/25
....
17,604
12,611
a
7537469.SQ.FTS.B
,
6
.423
%
,
8/27/25
....
377
358
a
7540193.SQ.FTS.B
,
4
.654
%
,
8/28/25
....
6,911
6,813
a
7542074.SQ.FTS.B
,
4
.654
%
,
8/28/25
....
27,684
21,895
a
7541258.SQ.FTS.B
,
5
.38
%
,
8/28/25
.....
1,498
1,423
a
7549987.SQ.FTS.B
,
5
.732
%
,
8/29/25
....
938
563
a
7546105.SQ.FTS.B
,
5
.765
%
,
8/29/25
....
518
443
a
7551712.SQ.FTS.B
,
4
.935
%
,
9/01/25
....
501
498
a
7551251.SQ.FTS.B
,
4
.937
%
,
9/01/25
....
4,271
4,053
a
7552166.SQ.FTS.B
,
5
.418
%
,
9/01/25
....
717
16
a
7555786.SQ.FTS.B
,
4
.653
%
,
9/03/25
....
1,042
1,035
a
7556272.SQ.FTS.B
,
4
.679
%
,
9/03/25
....
126
125
a
7555959.SQ.FTS.B
,
5
.397
%
,
9/03/25
....
597
550
a
7560334.SQ.FTS.B
,
4
.652
%
,
9/04/25
....
3,464
3,383
a
7560015.SQ.FTS.B
,
6
.262
%
,
9/04/25
....
1,773
782
a
7562185.SQ.FTS.B
,
4
.937
%
,
9/05/25
....
2,676
2,628
a
7560995.SQ.FTS.B
,
5
.378
%
,
9/05/25
....
2,607
2,569
a
7562114.SQ.FTS.B
,
6
.154
%
,
9/05/25
....
266
235
a
7565802.SQ.FTS.B
,
4
.654
%
,
9/06/25
....
1,200
1,189
a
7567428.SQ.FTS.B
,
4
.654
%
,
9/06/25
....
14,585
13,827
a
7566458.SQ.FTS.B
,
5
.187
%
,
9/06/25
....
7,261
6,026
a
7565451.SQ.FTS.B
,
5
.385
%
,
9/06/25
....
1,380
1,269
a
7565580.SQ.FTS.B
,
5
.75
%
,
9/06/25
.....
2,397
1,534
a
7568398.SQ.FTS.B
,
5
.758
%
,
9/06/25
....
1,582
1,473
a
7565348.SQ.FTS.B
,
6
.004
%
,
9/06/25
....
2,936
1,810
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
35
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7573684.SQ.FTS.B
,
4
.764
%
,
9/07/25
....
$
481
$
303
a
7574028.SQ.FTS.B
,
4
.934
%
,
9/07/25
....
5,202
4,487
a
7572609.SQ.FTS.B
,
4
.937
%
,
9/07/25
....
5,898
5,774
a
7573640.SQ.FTS.B
,
4
.937
%
,
9/07/25
....
3,544
334
a
7574668.SQ.FTS.B
,
4
.941
%
,
9/07/25
....
895
886
a
7574624.SQ.FTS.B
,
4
.946
%
,
9/07/25
....
153
152
a
7574592.SQ.FTS.B
,
5
.568
%
,
9/07/25
....
401
393
a
7573480.SQ.FTS.B
,
5
.571
%
,
9/07/25
....
3,736
1,432
a
7573894.SQ.FTS.B
,
5
.576
%
,
9/07/25
....
678
665
a
7573724.SQ.FTS.B
,
5
.756
%
,
9/07/25
....
894
837
a
7571045.SQ.FTS.B
,
5
.759
%
,
9/07/25
....
926
866
a
7573972.SQ.FTS.B
,
6
.003
%
,
9/07/25
....
4,816
886
a
7571507.SQ.FTS.B
,
6
.169
%
,
9/07/25
....
2,659
685
a
7574768.SQ.FTS.B
,
4
.651
%
,
9/08/25
....
252
252
a
7577744.SQ.FTS.B
,
5
.19
%
,
9/08/25
.....
5,364
5,231
a
7577980.SQ.FTS.B
,
5
.19
%
,
9/08/25
.....
4,949
4,805
a
7576536.SQ.FTS.B
,
5
.566
%
,
9/08/25
....
6,483
5,607
a
7574932.SQ.FTS.B
,
6
.007
%
,
9/08/25
....
2,248
1,990
a
7579408.SQ.FTS.B
,
4
.654
%
,
9/09/25
....
2,047
2,014
a
7578877.SQ.FTS.B
,
4
.78
%
,
9/09/25
.....
366
76
a
7578409.SQ.FTS.B
,
5
.376
%
,
9/09/25
....
280
275
a
7580089.SQ.FTS.B
,
4
.655
%
,
9/10/25
....
7,346
7,237
a
7579524.SQ.FTS.B
,
4
.935
%
,
9/10/25
....
1,552
1,526
a
7579649.SQ.FTS.B
,
5
.553
%
,
9/10/25
....
665
636
a
7580066.SQ.FTS.B
,
6
%
,
9/10/25
.......
591
463
a
7581484.SQ.FTS.B
,
4
.655
%
,
9/11/25
....
2,371
2,303
a
7580830.SQ.FTS.B
,
5
.189
%
,
9/11/25
....
8,037
6,676
a
7581869.SQ.FTS.B
,
6
.01
%
,
9/11/25
.....
1,493
213
a
7581762.SQ.FTS.B
,
6
.253
%
,
9/11/25
....
384
348
a
7585083.SQ.FTS.B
,
4
.654
%
,
9/12/25
....
76
76
a
7586278.SQ.FTS.B
,
4
.654
%
,
9/12/25
....
8,025
175
a
7587881.SQ.FTS.B
,
4
.742
%
,
9/12/25
....
636
400
a
7587899.SQ.FTS.B
,
4
.743
%
,
9/12/25
....
398
340
a
7586228.SQ.FTS.B
,
5
.196
%
,
9/12/25
....
185
184
a
7586914.SQ.FTS.B
,
5
.375
%
,
9/12/25
....
9,130
152
a
7586669.SQ.FTS.B
,
5
.573
%
,
9/12/25
....
623
613
a
7584365.SQ.FTS.B
,
5
.99
%
,
9/12/25
.....
383
375
a
7586206.SQ.FTS.B
,
6
.173
%
,
9/12/25
....
990
558
a
7590419.SQ.FTS.B
,
4
.748
%
,
9/13/25
....
21,397
3,156
a
7590230.SQ.FTS.B
,
5
.196
%
,
9/13/25
....
2,358
1,928
a
7588140.SQ.FTS.B
,
6
.258
%
,
9/13/25
....
1,653
1,288
a
7593394.SQ.FTS.B
,
4
.653
%
,
9/14/25
....
1,596
1,575
a
7596687.SQ.FTS.B
,
4
.653
%
,
9/14/25
....
3,247
3,210
a
7593442.SQ.FTS.B
,
4
.937
%
,
9/14/25
....
1
1
a
7596084.SQ.FTS.B
,
4
.94
%
,
9/14/25
.....
8,019
168
a
7595019.SQ.FTS.B
,
5
.189
%
,
9/14/25
....
2,266
2,234
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7596003.SQ.FTS.B
,
5
.19
%
,
9/14/25
.....
$
1,941
$
1,866
a
7594949.SQ.FTS.B
,
5
.196
%
,
9/14/25
....
39
39
a
7593939.SQ.FTS.B
,
5
.376
%
,
9/14/25
....
2,501
2,468
a
7596235.SQ.FTS.B
,
5
.378
%
,
9/14/25
....
4,678
4,542
a
7593174.SQ.FTS.B
,
5
.739
%
,
9/14/25
....
43
43
a
7594477.SQ.FTS.B
,
5
.749
%
,
9/14/25
....
959
591
a
7598949.SQ.FTS.B
,
4
.654
%
,
9/15/25
....
27,014
25,382
a
7598834.SQ.FTS.B
,
5
.187
%
,
9/15/25
....
3,457
3,183
a
7599921.SQ.FTS.B
,
5
.378
%
,
9/15/25
....
1,730
1,640
a
7599917.SQ.FTS.B
,
6
.447
%
,
9/15/25
....
560
91
a
7600162.SQ.FTS.B
,
4
.656
%
,
9/16/25
....
2,680
2,653
a
7600486.SQ.FTS.B
,
4
.769
%
,
9/16/25
....
645
11
a
7600506.SQ.FTS.B
,
5
.376
%
,
9/16/25
....
2,764
2,737
a
7600492.SQ.FTS.B
,
5
.544
%
,
9/16/25
....
290
276
a
7600104.SQ.FTS.B
,
5
.752
%
,
9/16/25
....
3,189
660
a
7601310.SQ.FTS.B
,
4
.657
%
,
9/17/25
....
556
551
a
7601096.SQ.FTS.B
,
5
.377
%
,
9/17/25
....
12,879
1,970
a
7603156.SQ.FTS.B
,
4
.654
%
,
9/18/25
....
1,408
1,389
a
7603790.SQ.FTS.B
,
4
.654
%
,
9/18/25
....
18,746
18,421
a
7602249.SQ.FTS.B
,
4
.657
%
,
9/18/25
....
2,898
2,789
a
7603430.SQ.FTS.B
,
5
.38
%
,
9/18/25
.....
5,224
3,247
a
7603519.SQ.FTS.B
,
5
.75
%
,
9/18/25
.....
3,278
2,623
a
7602494.SQ.FTS.B
,
6
.255
%
,
9/18/25
....
2,210
34
a
7603343.SQ.FTS.B
,
6
.268
%
,
9/18/25
....
1,131
963
a
7607807.SQ.FTS.B
,
4
.657
%
,
9/19/25
....
1,936
1,919
a
7608006.SQ.FTS.B
,
4
.659
%
,
9/19/25
....
906
896
a
7608442.SQ.FTS.B
,
5
.565
%
,
9/19/25
....
5,899
4,039
a
7611158.SQ.FTS.B
,
4
.937
%
,
9/20/25
....
3,185
3,163
a
7610842.SQ.FTS.B
,
5
.191
%
,
9/20/25
....
2,996
2,918
a
7609206.SQ.FTS.B
,
5
.203
%
,
9/20/25
....
680
621
a
7611951.SQ.FTS.B
,
5
.376
%
,
9/20/25
....
3,116
3,067
a
7617771.SQ.FTS.B
,
5
.378
%
,
9/21/25
....
7,943
4,777
a
7615540.SQ.FTS.B
,
5
.755
%
,
9/21/25
....
1,771
1,705
a
7617942.SQ.FTS.B
,
5
.758
%
,
9/21/25
....
2,823
735
a
7620023.SQ.FTS.B
,
4
.654
%
,
9/22/25
....
569
565
a
7619409.SQ.FTS.B
,
4
.941
%
,
9/22/25
....
1,982
1,904
a
7619619.SQ.FTS.B
,
5
.189
%
,
9/22/25
....
2,196
2,165
a
7618116.SQ.FTS.B
,
5
.565
%
,
9/22/25
....
5,366
4,904
a
7620106.SQ.FTS.B
,
5
.566
%
,
9/22/25
....
3,155
3,125
a
7620858.SQ.FTS.B
,
5
.567
%
,
9/22/25
....
18,341
15,043
a
7621483.SQ.FTS.B
,
5
.379
%
,
9/23/25
....
2,758
2,709
a
7621343.SQ.FTS.B
,
6
.268
%
,
9/23/25
....
213
204
a
7621404.SQ.FTS.B
,
6
.413
%
,
9/23/25
....
3,475
883
a
7622578.SQ.FTS.B
,
5
.664
%
,
9/24/25
....
3,806
3,234
a
7623413.SQ.FTS.B
,
4
.703
%
,
9/25/25
....
241
158
a
7623389.SQ.FTS.B
,
4
.764
%
,
9/25/25
....
1,259
661
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
36
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7625499.SQ.FTS.B
,
4
.938
%
,
9/25/25
....
$
13,629
$
10,074
a
7623850.SQ.FTS.B
,
5
.19
%
,
9/25/25
.....
7,202
5,583
a
7623781.SQ.FTS.B
,
5
.379
%
,
9/25/25
....
1,952
112
a
7624359.SQ.FTS.B
,
6
.008
%
,
9/25/25
....
5,136
4,744
a
7624159.SQ.FTS.B
,
6
.261
%
,
9/25/25
....
745
351
a
7628789.SQ.FTS.B
,
4
.935
%
,
9/26/25
....
5,324
147
a
7629674.SQ.FTS.B
,
5
.189
%
,
9/26/25
....
7,987
132
a
7626558.SQ.FTS.B
,
5
.564
%
,
9/26/25
....
970
438
a
7629259.SQ.FTS.B
,
5
.565
%
,
9/26/25
....
4,247
3,634
a
7629810.SQ.FTS.B
,
5
.566
%
,
9/26/25
....
7,909
7,119
a
7630072.SQ.FTS.B
,
5
.769
%
,
9/26/25
....
733
435
a
7629134.SQ.FTS.B
,
6
.413
%
,
9/26/25
....
4,696
82
a
7630314.SQ.FTS.B
,
4
.652
%
,
9/27/25
....
1,518
1,500
a
7631333.SQ.FTS.B
,
4
.654
%
,
9/27/25
....
19,917
19,679
a
7630481.SQ.FTS.B
,
5
.189
%
,
9/27/25
....
11,930
4,269
a
7633381.SQ.FTS.B
,
5
.563
%
,
9/27/25
....
1,875
1,611
a
7633043.SQ.FTS.B
,
5
.758
%
,
9/27/25
....
689
680
a
7639049.SQ.FTS.B
,
5
.433
%
,
9/28/25
....
751
651
a
7639378.SQ.FTS.B
,
6
.017
%
,
9/28/25
....
1,174
818
a
7635782.SQ.FTS.B
,
6
.289
%
,
9/28/25
....
541
298
a
7642548.SQ.FTS.B
,
4
.653
%
,
9/29/25
....
6,558
6,369
a
7643054.SQ.FTS.B
,
6
.165
%
,
9/29/25
....
373
70
a
7639746.SQ.FTS.B
,
6
.415
%
,
9/29/25
....
63,645
1,213
a
7644260.SQ.FTS.B
,
5
.378
%
,
9/30/25
....
4,816
4,422
a
7643615.SQ.FTS.B
,
6
.134
%
,
9/30/25
....
212
104
a
7648614.SQ.FTS.B
,
4
.655
%
,
10/01/25
...
1,498
1,478
a
7648077.SQ.FTS.B
,
4
.75
%
,
10/01/25
....
6,098
103
a
7647200.SQ.FTS.B
,
5
.096
%
,
10/01/25
...
4,965
4,569
a
7648903.SQ.FTS.B
,
5
.196
%
,
10/01/25
...
1,495
1,379
a
7647696.SQ.FTS.B
,
5
.441
%
,
10/01/25
...
11,385
151
a
7652505.SQ.FTS.B
,
4
.653
%
,
10/02/25
...
587
580
a
7650429.SQ.FTS.B
,
4
.654
%
,
10/02/25
...
4,459
4,423
a
7652131.SQ.FTS.B
,
5
.189
%
,
10/02/25
...
2,836
2,813
a
7653409.SQ.FTS.B
,
5
.381
%
,
10/02/25
...
1,264
1,240
a
7649638.SQ.FTS.B
,
6
.019
%
,
10/02/25
...
661
529
a
7655370.SQ.FTS.B
,
4
.936
%
,
10/03/25
...
1,186
1,170
a
7655297.SQ.FTS.B
,
4
.948
%
,
10/03/25
...
403
400
a
7655252.SQ.FTS.B
,
5
.094
%
,
10/03/25
...
455
447
a
7653915.SQ.FTS.B
,
5
.348
%
,
10/03/25
...
3,299
3,078
a
7654369.SQ.FTS.B
,
5
.439
%
,
10/03/25
...
169
156
a
7657424.SQ.FTS.B
,
5
.535
%
,
10/03/25
...
5,815
5,740
a
7654781.SQ.FTS.B
,
5
.755
%
,
10/03/25
...
6,064
5,503
a
7654433.SQ.FTS.B
,
5
.765
%
,
10/03/25
...
1,269
895
a
7654130.SQ.FTS.B
,
6
.264
%
,
10/03/25
...
591
401
a
7661638.SQ.FTS.B
,
4
.654
%
,
10/04/25
...
1,659
1,645
a
7659813.SQ.FTS.B
,
4
.764
%
,
10/04/25
...
589
578
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7659927.SQ.FTS.B
,
4
.775
%
,
10/04/25
...
$
2,444
$
2,294
a
7660674.SQ.FTS.B
,
4
.78
%
,
10/04/25
....
2,336
2,292
a
7662373.SQ.FTS.B
,
4
.78
%
,
10/04/25
....
3,903
2,953
a
7663563.SQ.FTS.B
,
4
.78
%
,
10/04/25
....
18,952
15,097
a
7660365.SQ.FTS.B
,
4
.781
%
,
10/04/25
...
1,311
1,302
a
7664758.SQ.FTS.B
,
4
.656
%
,
10/05/25
...
1,464
1,455
a
7665432.SQ.FTS.B
,
5
.098
%
,
10/05/25
...
1,902
1,853
a
7665704.SQ.FTS.B
,
5
.101
%
,
10/05/25
...
2,295
1,657
a
7666517.SQ.FTS.B
,
5
.189
%
,
10/05/25
...
4,036
3,912
a
7667831.SQ.FTS.B
,
5
.191
%
,
10/05/25
...
4,127
4,055
a
7664319.SQ.FTS.B
,
5
.565
%
,
10/05/25
...
196
195
a
7665632.SQ.FTS.B
,
5
.566
%
,
10/05/25
...
915
810
a
7668750.SQ.FTS.B
,
4
.654
%
,
10/06/25
...
5,705
5,640
a
7668578.SQ.FTS.B
,
4
.777
%
,
10/06/25
...
4,204
2,608
a
7668132.SQ.FTS.B
,
5
.44
%
,
10/06/25
....
2,260
1,575
a
7668726.SQ.FTS.B
,
5
.911
%
,
10/06/25
...
502
341
a
7669547.SQ.FTS.B
,
5
.432
%
,
10/07/25
...
1,179
262
a
7670335.SQ.FTS.B
,
6
.26
%
,
10/08/25
....
7,775
6,526
a
7671175.SQ.FTS.B
,
6
.416
%
,
10/08/25
...
210
203
a
7676193.SQ.FTS.B
,
5
.755
%
,
10/09/25
...
21,525
19,243
a
7674361.SQ.FTS.B
,
5
.906
%
,
10/09/25
...
2,549
2,122
a
7674523.SQ.FTS.B
,
6
.289
%
,
10/09/25
...
6,180
1,444
a
7673615.SQ.FTS.B
,
6
.408
%
,
10/09/25
...
632
550
a
7675618.SQ.FTS.B
,
6
.415
%
,
10/09/25
...
38,440
653
a
7678705.SQ.FTS.B
,
4
.94
%
,
10/10/25
....
1,258
1,248
a
7678169.SQ.FTS.B
,
4
.943
%
,
10/10/25
...
625
620
a
7679612.SQ.FTS.B
,
5
.562
%
,
10/10/25
...
2,603
2,177
a
7683369.SQ.FTS.B
,
4
.654
%
,
10/11/25
...
2,716
2,675
a
7684473.SQ.FTS.B
,
4
.654
%
,
10/11/25
...
1,456
1,447
a
7684838.SQ.FTS.B
,
4
.654
%
,
10/11/25
...
2,894
2,735
a
7683662.SQ.FTS.B
,
4
.78
%
,
10/11/25
....
1,073
1,067
a
7685365.SQ.FTS.B
,
4
.94
%
,
10/11/25
....
1,372
1,359
a
7685071.SQ.FTS.B
,
5
.195
%
,
10/11/25
...
1,156
1,140
a
7682366.SQ.FTS.B
,
5
.376
%
,
10/11/25
...
4,574
3,481
a
7685923.SQ.FTS.B
,
5
.377
%
,
10/11/25
...
9,208
8,632
a
7685628.SQ.FTS.B
,
5
.439
%
,
10/11/25
...
1,357
1,125
a
7685236.SQ.FTS.B
,
5
.563
%
,
10/11/25
...
3,070
1,693
a
7684952.SQ.FTS.B
,
5
.567
%
,
10/11/25
...
1,495
1,437
a
7682516.SQ.FTS.B
,
5
.755
%
,
10/11/25
...
1,424
1,272
a
7685699.SQ.FTS.B
,
6
.305
%
,
10/11/25
...
968
290
a
7689134.SQ.FTS.B
,
4
.943
%
,
10/12/25
...
1,600
1,567
a
7686665.SQ.FTS.B
,
5
.569
%
,
10/12/25
...
2,104
861
a
7689292.SQ.FTS.B
,
4
.738
%
,
10/13/25
...
667
499
a
7689612.SQ.FTS.B
,
4
.937
%
,
10/13/25
...
8,947
8,705
a
7690536.SQ.FTS.B
,
4
.94
%
,
10/14/25
....
814
811
a
7690710.SQ.FTS.B
,
5
.335
%
,
10/14/25
...
927
898
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
37
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7694250.SQ.FTS.B
,
4
.749
%
,
10/15/25
...
$
1,150
$
978
a
7691995.SQ.FTS.B
,
4
.78
%
,
10/15/25
....
1,057
1,046
a
7694501.SQ.FTS.B
,
5
.092
%
,
10/15/25
...
1,078
1,023
a
7693783.SQ.FTS.B
,
5
.378
%
,
10/15/25
...
11,907
6,172
a
7693720.SQ.FTS.B
,
5
.569
%
,
10/15/25
...
1,694
1,638
a
7697124.SQ.FTS.B
,
4
.937
%
,
10/16/25
...
18,286
17,940
a
7694583.SQ.FTS.B
,
5
.098
%
,
10/16/25
...
2,858
2,721
a
7696123.SQ.FTS.B
,
5
.912
%
,
10/16/25
...
1,758
431
a
7696300.SQ.FTS.B
,
5
.912
%
,
10/16/25
...
5,166
1,195
a
7695636.SQ.FTS.B
,
6
.27
%
,
10/16/25
....
399
385
a
7698854.SQ.FTS.B
,
4
.654
%
,
10/17/25
...
7,354
7,312
a
7697948.SQ.FTS.B
,
4
.748
%
,
10/17/25
...
5,260
3,226
a
7699933.SQ.FTS.B
,
5
.094
%
,
10/17/25
...
20,660
12,796
a
7698813.SQ.FTS.B
,
5
.103
%
,
10/17/25
...
32
32
a
7697594.SQ.FTS.B
,
5
.193
%
,
10/17/25
...
1,601
1,535
a
7698568.SQ.FTS.B
,
5
.475
%
,
10/17/25
...
259
202
a
7697755.SQ.FTS.B
,
6
.181
%
,
10/17/25
...
770
163
a
7702511.SQ.FTS.B
,
4
.78
%
,
10/18/25
....
1,356
1,345
a
7702967.SQ.FTS.B
,
4
.782
%
,
10/18/25
...
612
608
a
7702153.SQ.FTS.B
,
5
.092
%
,
10/18/25
...
5,244
3,160
a
7703086.SQ.FTS.B
,
5
.093
%
,
10/18/25
...
1,487
1,244
a
7701610.SQ.FTS.B
,
5
.391
%
,
10/18/25
...
44
44
a
7701707.SQ.FTS.B
,
5
.909
%
,
10/18/25
...
565
532
a
7705651.SQ.FTS.B
,
4
.654
%
,
10/19/25
...
23,573
17,270
a
7704453.SQ.FTS.B
,
4
.781
%
,
10/19/25
...
3,162
3,112
a
7705594.SQ.FTS.B
,
6
.16
%
,
10/19/25
....
1,314
1,193
a
7706803.SQ.FTS.B
,
5
.533
%
,
10/20/25
...
2,929
2,191
a
7706959.SQ.FTS.B
,
5
.902
%
,
10/20/25
...
1,222
1,085
a
7707051.SQ.FTS.B
,
5
.917
%
,
10/20/25
...
1,424
1,390
a
7706764.SQ.FTS.B
,
6
.271
%
,
10/20/25
...
971
662
a
7707383.SQ.FTS.B
,
5
.918
%
,
10/21/25
...
80
79
a
7707960.SQ.FTS.B
,
4
.775
%
,
10/22/25
...
321
319
a
7708060.SQ.FTS.B
,
4
.78
%
,
10/22/25
....
14,309
13,859
a
7709068.SQ.FTS.B
,
5
.346
%
,
10/22/25
...
25,365
22,899
a
7711243.SQ.FTS.B
,
4
.78
%
,
10/23/25
....
1,015
1,000
a
7710309.SQ.FTS.B
,
4
.935
%
,
10/23/25
...
1,669
1,471
a
7714659.SQ.FTS.B
,
5
.193
%
,
10/24/25
...
6,227
1,661
a
7723470.SQ.FTS.B
,
4
.78
%
,
10/25/25
....
832
753
a
7723432.SQ.FTS.B
,
4
.792
%
,
10/25/25
...
213
212
a
7723131.SQ.FTS.B
,
5
.38
%
,
10/25/25
....
1,768
1,741
a
7723031.SQ.FTS.B
,
5
.538
%
,
10/25/25
...
1,113
1,071
a
7729412.SQ.FTS.B
,
4
.747
%
,
10/26/25
...
332
286
a
7727858.SQ.FTS.B
,
4
.78
%
,
10/26/25
....
24,419
23,214
a
7729346.SQ.FTS.B
,
4
.781
%
,
10/26/25
...
1,366
1,322
a
7728874.SQ.FTS.B
,
5
.091
%
,
10/26/25
...
978
955
a
7728564.SQ.FTS.B
,
5
.094
%
,
10/26/25
...
2,718
2,693
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7724896.SQ.FTS.B
,
5
.095
%
,
10/26/25
...
$
14,400
$
13,500
a
7726185.SQ.FTS.B
,
5
.331
%
,
10/26/25
...
784
735
a
7725481.SQ.FTS.B
,
5
.724
%
,
10/26/25
...
5,692
5,418
a
7725398.SQ.FTS.B
,
5
.907
%
,
10/26/25
...
3,637
604
a
7725775.SQ.FTS.B
,
6
.163
%
,
10/26/25
...
3,004
2,427
a
7729059.SQ.FTS.B
,
6
.165
%
,
10/26/25
...
13,362
170
a
7726167.SQ.FTS.B
,
6
.289
%
,
10/26/25
...
672
98
a
7726734.SQ.FTS.B
,
6
.289
%
,
10/26/25
...
6,170
5,077
a
7726890.SQ.FTS.B
,
6
.483
%
,
10/26/25
...
4,391
2,651
a
7730621.SQ.FTS.B
,
5
.095
%
,
10/27/25
...
9,753
9,547
a
7732561.SQ.FTS.B
,
5
.533
%
,
10/28/25
...
4,787
3,835
a
7732860.SQ.FTS.B
,
6
.184
%
,
10/28/25
...
148
143
a
7736455.SQ.FTS.B
,
4
.779
%
,
10/29/25
...
19,722
15,629
a
7736266.SQ.FTS.B
,
4
.937
%
,
10/29/25
...
2,148
2,106
a
7738028.SQ.FTS.B
,
5
.094
%
,
10/29/25
...
2,033
2,003
a
7735985.SQ.FTS.B
,
6
.479
%
,
10/29/25
...
2,176
1,960
a
7740921.SQ.FTS.B
,
4
.779
%
,
10/30/25
...
11,985
8,536
a
7739895.SQ.FTS.B
,
4
.78
%
,
10/30/25
....
638
631
a
7741721.SQ.FTS.B
,
4
.78
%
,
10/30/25
....
5,348
5,292
a
7738357.SQ.FTS.B
,
5
.723
%
,
10/30/25
...
36,309
8,172
a
7741160.SQ.FTS.B
,
5
.732
%
,
10/30/25
...
1,293
1,128
a
7745356.SQ.FTS.B
,
4
.773
%
,
11/01/25
...
1,062
1,049
a
7745541.SQ.FTS.B
,
4
.78
%
,
11/01/25
....
1,744
1,686
a
7745454.SQ.FTS.B
,
4
.781
%
,
11/01/25
...
2,908
2,669
a
7742677.SQ.FTS.B
,
5
.094
%
,
11/01/25
...
8,841
1,586
a
7745617.SQ.FTS.B
,
5
.533
%
,
11/01/25
...
4,932
4,166
a
7746711.SQ.FTS.B
,
6
.166
%
,
11/01/25
...
1,023
980
a
7742967.SQ.FTS.B
,
6
.293
%
,
11/01/25
...
3,626
993
a
7749671.SQ.FTS.B
,
4
.779
%
,
11/02/25
...
1,964
1,945
a
7751021.SQ.FTS.B
,
4
.78
%
,
11/02/25
....
9,374
9,227
a
7753269.SQ.FTS.B
,
4
.782
%
,
11/02/25
...
1,927
1,901
a
7752171.SQ.FTS.B
,
4
.786
%
,
11/02/25
...
938
924
a
7749435.SQ.FTS.B
,
5
.089
%
,
11/02/25
...
268
266
a
7750547.SQ.FTS.B
,
5
.093
%
,
11/02/25
...
9,542
7,601
a
7750861.SQ.FTS.B
,
5
.095
%
,
11/02/25
...
1,299
1,274
a
7751779.SQ.FTS.B
,
5
.105
%
,
11/02/25
...
1,325
164
a
7749516.SQ.FTS.B
,
5
.346
%
,
11/02/25
...
968
946
a
7752094.SQ.FTS.B
,
5
.349
%
,
11/02/25
...
1,377
1,351
a
7752226.SQ.FTS.B
,
5
.528
%
,
11/02/25
...
803
789
a
7750977.SQ.FTS.B
,
6
.134
%
,
11/02/25
...
55
53
a
7752060.SQ.FTS.B
,
6
.149
%
,
11/02/25
...
511
481
a
7751810.SQ.FTS.B
,
6
.296
%
,
11/02/25
...
118
116
a
7755574.SQ.FTS.B
,
5
.094
%
,
11/03/25
...
1,949
1,905
a
7755718.SQ.FTS.B
,
5
.343
%
,
11/03/25
...
1,427
931
a
7756479.SQ.FTS.B
,
5
.344
%
,
11/03/25
...
6,530
5,525
a
7755332.SQ.FTS.B
,
5
.357
%
,
11/03/25
...
683
667
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
38
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7755761.SQ.FTS.B
,
5
.723
%
,
11/03/25
...
$
8,935
$
7,130
a
7756617.SQ.FTS.B
,
5
.725
%
,
11/03/25
...
2,511
1,459
a
7755383.SQ.FTS.B
,
5
.911
%
,
11/03/25
...
2,203
2,008
a
7757553.SQ.FTS.B
,
4
.78
%
,
11/04/25
....
3,059
2,978
a
7757965.SQ.FTS.B
,
4
.78
%
,
11/04/25
....
7,277
6,703
a
7757758.SQ.FTS.B
,
5
.094
%
,
11/04/25
...
2,065
2,038
a
7759333.SQ.FTS.B
,
4
.779
%
,
11/05/25
...
2,181
2,162
a
7759579.SQ.FTS.B
,
5
.525
%
,
11/05/25
...
446
437
a
7763863.SQ.FTS.B
,
4
.783
%
,
11/06/25
...
361
171
a
7760635.SQ.FTS.B
,
5
.093
%
,
11/06/25
...
1,213
1,207
a
7763048.SQ.FTS.B
,
5
.344
%
,
11/06/25
...
1,475
1,462
a
7761854.SQ.FTS.B
,
5
.535
%
,
11/06/25
...
3,817
3,757
a
7761614.SQ.FTS.B
,
5
.91
%
,
11/06/25
....
4,219
3,532
a
7762378.SQ.FTS.B
,
5
.912
%
,
11/06/25
...
3,981
3,885
a
7764093.SQ.FTS.B
,
4
.767
%
,
11/07/25
...
1,341
627
a
7766396.SQ.FTS.B
,
4
.777
%
,
11/07/25
...
1,715
1,681
a
7764884.SQ.FTS.B
,
4
.778
%
,
11/07/25
...
3,908
3,702
a
7764605.SQ.FTS.B
,
4
.779
%
,
11/07/25
...
5,247
5,078
a
7765925.SQ.FTS.B
,
4
.779
%
,
11/07/25
...
13,893
13,444
a
7766481.SQ.FTS.B
,
4
.78
%
,
11/07/25
....
11,251
9,140
a
7763978.SQ.FTS.B
,
4
.782
%
,
11/07/25
...
1,572
1,533
a
7766993.SQ.FTS.B
,
5
.095
%
,
11/07/25
...
12,405
11,608
a
7765192.SQ.FTS.B
,
5
.344
%
,
11/07/25
...
3,031
2,894
a
7767834.SQ.FTS.B
,
5
.353
%
,
11/07/25
...
266
264
a
7767974.SQ.FTS.B
,
5
.723
%
,
11/07/25
...
6,510
6,271
a
7766817.SQ.FTS.B
,
5
.896
%
,
11/07/25
...
592
546
a
7765499.SQ.FTS.B
,
5
.902
%
,
11/07/25
...
1,428
1,263
a
7764120.SQ.FTS.B
,
5
.911
%
,
11/07/25
...
993
543
a
7765591.SQ.FTS.B
,
6
.162
%
,
11/07/25
...
5,514
4,017
a
7767411.SQ.FTS.B
,
6
.173
%
,
11/07/25
...
830
655
a
7769154.SQ.FTS.B
,
4
.751
%
,
11/08/25
...
580
553
a
7769430.SQ.FTS.B
,
4
.78
%
,
11/08/25
....
3,100
2,521
a
7770018.SQ.FTS.B
,
4
.78
%
,
11/08/25
....
1,521
1,248
a
7769300.SQ.FTS.B
,
5
.346
%
,
11/08/25
...
584
580
a
7769552.SQ.FTS.B
,
5
.54
%
,
11/08/25
....
3,000
2,346
a
7769490.SQ.FTS.B
,
5
.545
%
,
11/08/25
...
2,143
1,316
a
7769040.SQ.FTS.B
,
5
.725
%
,
11/08/25
...
2,336
1,519
a
7769643.SQ.FTS.B
,
6
.178
%
,
11/08/25
...
1,249
23
a
7768040.SQ.FTS.B
,
6
.293
%
,
11/08/25
...
1,744
1,286
a
7776922.SQ.FTS.B
,
4
.772
%
,
11/09/25
...
1,104
1,087
a
7775480.SQ.FTS.B
,
4
.78
%
,
11/09/25
....
649
638
a
7777604.SQ.FTS.B
,
4
.78
%
,
11/09/25
....
22,436
22,007
a
7774316.SQ.FTS.B
,
4
.786
%
,
11/09/25
...
902
892
a
7776984.SQ.FTS.B
,
5
.093
%
,
11/09/25
...
3,232
3,197
a
7775215.SQ.FTS.B
,
5
.095
%
,
11/09/25
...
1,714
1,691
a
7776723.SQ.FTS.B
,
5
.096
%
,
11/09/25
...
7,217
5,853
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7774424.SQ.FTS.B
,
5
.157
%
,
11/09/25
...
$
48
$
47
a
7773805.SQ.FTS.B
,
5
.35
%
,
11/09/25
....
2,247
2,207
a
7778191.SQ.FTS.B
,
4
.78
%
,
11/10/25
....
10,111
9,769
a
7780597.SQ.FTS.B
,
4
.78
%
,
11/10/25
....
15,345
14,578
a
7778978.SQ.FTS.B
,
4
.781
%
,
11/10/25
...
6,811
6,691
a
7781376.SQ.FTS.B
,
5
.105
%
,
11/10/25
...
689
667
a
7779549.SQ.FTS.B
,
5
.348
%
,
11/10/25
...
4,977
4,891
a
7781183.SQ.FTS.B
,
6
.289
%
,
11/10/25
...
10,690
5,457
a
7779968.SQ.FTS.B
,
6
.479
%
,
11/10/25
...
604
419
a
7782207.SQ.FTS.B
,
4
.757
%
,
11/11/25
...
2,561
1,307
a
7782424.SQ.FTS.B
,
4
.762
%
,
11/11/25
...
514
425
a
7782258.SQ.FTS.B
,
4
.778
%
,
11/11/25
...
778
770
a
7782513.SQ.FTS.B
,
5
.08
%
,
11/11/25
....
1,505
990
a
7781647.SQ.FTS.B
,
5
.343
%
,
11/11/25
...
983
973
a
7782558.SQ.FTS.B
,
5
.528
%
,
11/11/25
...
543
529
a
7781843.SQ.FTS.B
,
6
.164
%
,
11/11/25
...
741
507
a
7782479.SQ.FTS.B
,
6
.272
%
,
11/11/25
...
1,198
220
a
7782462.SQ.FTS.B
,
6
.476
%
,
11/11/25
...
104
100
a
7782795.SQ.FTS.B
,
4
.778
%
,
11/12/25
...
675
665
a
7783169.SQ.FTS.B
,
4
.781
%
,
11/12/25
...
4,183
4,128
a
7782916.SQ.FTS.B
,
4
.788
%
,
11/12/25
...
738
729
a
7782836.SQ.FTS.B
,
6
.302
%
,
11/12/25
...
1,154
10
a
7784267.SQ.FTS.B
,
4
.77
%
,
11/13/25
....
406
403
a
7785674.SQ.FTS.B
,
5
.096
%
,
11/13/25
...
1,916
1,901
a
7784728.SQ.FTS.B
,
5
.724
%
,
11/13/25
...
8,773
6,836
a
7786042.SQ.FTS.B
,
6
.167
%
,
11/13/25
...
7,212
2,779
a
7787838.SQ.FTS.B
,
4
.745
%
,
11/14/25
...
1,662
1,224
a
7788202.SQ.FTS.B
,
4
.779
%
,
11/14/25
...
4,196
4,135
a
7790579.SQ.FTS.B
,
4
.779
%
,
11/14/25
...
5,336
5,204
a
7789742.SQ.FTS.B
,
4
.78
%
,
11/14/25
....
1,815
1,791
a
7789847.SQ.FTS.B
,
4
.78
%
,
11/14/25
....
5,893
5,761
a
7790830.SQ.FTS.B
,
4
.78
%
,
11/14/25
....
5,376
5,307
a
7791025.SQ.FTS.B
,
4
.783
%
,
11/14/25
...
6,996
1,632
a
7789390.SQ.FTS.B
,
5
.529
%
,
11/14/25
...
804
793
a
7790524.SQ.FTS.B
,
6
.16
%
,
11/14/25
....
2,565
503
a
7790161.SQ.FTS.B
,
6
.482
%
,
11/14/25
...
4,981
3,019
a
7794564.SQ.FTS.B
,
4
.735
%
,
11/15/25
...
481
314
a
7794575.SQ.FTS.B
,
4
.78
%
,
11/15/25
....
17,650
15,245
a
7793111.SQ.FTS.B
,
4
.787
%
,
11/15/25
....
515
509
a
7793136.SQ.FTS.B
,
5
.092
%
,
11/15/25
...
5,512
4,380
a
7792442.SQ.FTS.B
,
5
.449
%
,
11/15/25
...
338
324
a
7791568.SQ.FTS.B
,
5
.537
%
,
11/15/25
...
2,384
1,827
a
7794198.SQ.FTS.B
,
5
.909
%
,
11/15/25
...
3,290
2,549
a
7791405.SQ.FTS.B
,
6
.16
%
,
11/15/25
....
6,235
89
a
7791708.SQ.FTS.B
,
6
.16
%
,
11/15/25
....
6,634
2,582
a
7794434.SQ.FTS.B
,
6
.169
%
,
11/15/25
...
6,526
57
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
39
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7794291.SQ.FTS.B
,
6
.173
%
,
11/15/25
...
$
1,993
$
756
a
7799195.SQ.FTS.B
,
4
.78
%
,
11/16/25
....
2,245
2,129
a
7802126.SQ.FTS.B
,
4
.75
%
,
11/17/25
....
4,990
3,995
a
7800921.SQ.FTS.B
,
4
.772
%
,
11/17/25
...
1,096
1,077
a
7800953.SQ.FTS.B
,
4
.78
%
,
11/17/25
....
2,299
2,264
a
7800563.SQ.FTS.B
,
4
.781
%
,
11/17/25
...
7,616
6,428
a
7801520.SQ.FTS.B
,
5
.091
%
,
11/17/25
...
3,199
3,096
a
7801170.SQ.FTS.B
,
5
.096
%
,
11/17/25
...
1,986
1,962
a
7800792.SQ.FTS.B
,
5
.343
%
,
11/17/25
...
1,215
1,147
a
7804461.SQ.FTS.B
,
4
.779
%
,
11/18/25
...
5,018
4,946
a
7804088.SQ.FTS.B
,
5
.535
%
,
11/18/25
...
7,934
7,750
a
7805453.SQ.FTS.B
,
4
.777
%
,
11/19/25
...
5,222
4,976
a
7804953.SQ.FTS.B
,
5
.095
%
,
11/19/25
...
717
713
a
7805442.SQ.FTS.B
,
5
.348
%
,
11/19/25
...
379
375
a
7805584.SQ.FTS.B
,
5
.536
%
,
11/19/25
...
1,757
1,378
a
7805760.SQ.FTS.B
,
4
.772
%
,
11/20/25
...
834
803
a
7808559.SQ.FTS.B
,
4
.779
%
,
11/20/25
...
1,204
1,186
a
7805798.SQ.FTS.B
,
4
.78
%
,
11/20/25
....
1,975
1,943
a
7806672.SQ.FTS.B
,
4
.78
%
,
11/20/25
....
13,903
13,617
a
7807588.SQ.FTS.B
,
5
.334
%
,
11/20/25
...
791
728
a
7808746.SQ.FTS.B
,
5
.346
%
,
11/20/25
...
16,852
11,123
a
7806537.SQ.FTS.B
,
5
.912
%
,
11/20/25
...
1,445
1,406
a
7811927.SQ.FTS.B
,
4
.755
%
,
11/21/25
...
2
2
a
7812943.SQ.FTS.B
,
4
.765
%
,
11/21/25
...
1,052
580
a
7812431.SQ.FTS.B
,
4
.767
%
,
11/21/25
...
852
838
a
7813074.SQ.FTS.B
,
4
.776
%
,
11/21/25
...
2,681
2,548
a
7812497.SQ.FTS.B
,
4
.777
%
,
11/21/25
...
2,769
2,716
a
7809697.SQ.FTS.B
,
4
.779
%
,
11/21/25
...
2,161
2,114
a
7810514.SQ.FTS.B
,
4
.78
%
,
11/21/25
....
325
324
a
7812202.SQ.FTS.B
,
4
.78
%
,
11/21/25
....
2,112
2,078
a
7812737.SQ.FTS.B
,
4
.78
%
,
11/21/25
....
1,760
1,714
a
7813160.SQ.FTS.B
,
4
.781
%
,
11/21/25
...
4,968
4,885
a
7811201.SQ.FTS.B
,
5
.094
%
,
11/21/25
...
7,351
7,238
a
7810803.SQ.FTS.B
,
5
.341
%
,
11/21/25
...
1,511
1,423
a
7809800.SQ.FTS.B
,
5
.723
%
,
11/21/25
...
3,224
3,142
a
7812101.SQ.FTS.B
,
5
.728
%
,
11/21/25
...
1,095
1,029
a
7811029.SQ.FTS.B
,
5
.906
%
,
11/21/25
...
908
876
a
7812319.SQ.FTS.B
,
5
.912
%
,
11/21/25
...
1,084
1,059
a
7811796.SQ.FTS.B
,
6
.178
%
,
11/21/25
...
909
758
a
7810773.SQ.FTS.B
,
6
.19
%
,
11/21/25
....
288
241
a
7811957.SQ.FTS.B
,
6
.287
%
,
11/21/25
...
4,408
3,010
a
7812879.SQ.FTS.B
,
6
.48
%
,
11/21/25
....
2,192
1,257
a
7816821.SQ.FTS.B
,
4
.749
%
,
11/22/25
...
3,477
1,734
a
7814581.SQ.FTS.B
,
4
.778
%
,
11/22/25
...
2,554
2,503
a
7814720.SQ.FTS.B
,
4
.78
%
,
11/22/25
....
5,204
5,113
a
7815167.SQ.FTS.B
,
4
.78
%
,
11/22/25
....
10,142
9,894
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7815795.SQ.FTS.B
,
5
.095
%
,
11/22/25
...
$
40,274
$
38,245
a
7816946.SQ.FTS.B
,
5
.348
%
,
11/22/25
...
15,229
9,477
a
7815015.SQ.FTS.B
,
5
.719
%
,
11/22/25
...
5,328
4,054
a
7813617.SQ.FTS.B
,
5
.91
%
,
11/22/25
....
9,140
4,815
a
7813280.SQ.FTS.B
,
5
.918
%
,
11/22/25
...
1,552
1,117
a
7821693.SQ.FTS.B
,
4
.777
%
,
11/23/25
...
2,247
2,190
a
7824243.SQ.FTS.B
,
4
.779
%
,
11/23/25
...
641
632
a
7822474.SQ.FTS.B
,
4
.781
%
,
11/23/25
...
3,277
2,702
a
7822313.SQ.FTS.B
,
5
.539
%
,
11/23/25
...
2,172
1,896
a
7822598.SQ.FTS.B
,
5
.726
%
,
11/23/25
...
5,868
5,119
a
7828592.SQ.FTS.B
,
4
.775
%
,
11/24/25
...
2,056
2,019
a
7826487.SQ.FTS.B
,
4
.779
%
,
11/24/25
...
1,782
1,753
a
7826745.SQ.FTS.B
,
5
.094
%
,
11/24/25
...
11,442
10,429
a
7825590.SQ.FTS.B
,
5
.347
%
,
11/24/25
...
16,903
16,293
a
7826201.SQ.FTS.B
,
5
.348
%
,
11/24/25
...
4,191
3,955
a
7829173.SQ.FTS.B
,
5
.912
%
,
11/24/25
...
8,003
7,465
a
7830023.SQ.FTS.B
,
4
.78
%
,
11/25/25
....
11,412
10,863
a
7829326.SQ.FTS.B
,
5
.094
%
,
11/25/25
...
7,937
7,842
a
7829892.SQ.FTS.B
,
5
.095
%
,
11/25/25
...
2,600
2,524
a
7830539.SQ.FTS.B
,
4
.773
%
,
11/26/25
...
2,407
2,034
a
7830429.SQ.FTS.B
,
4
.776
%
,
11/26/25
...
1,293
1,259
a
7830867.SQ.FTS.B
,
4
.78
%
,
11/26/25
....
3,356
3,303
a
7831277.SQ.FTS.B
,
4
.78
%
,
11/26/25
....
952
946
a
7830792.SQ.FTS.B
,
5
.101
%
,
11/26/25
...
1,225
1,201
a
7830511.SQ.FTS.B
,
6
.15
%
,
11/26/25
....
221
219
a
7830496.SQ.FTS.B
,
6
.302
%
,
11/26/25
...
577
466
a
7831916.SQ.FTS.B
,
4
.754
%
,
11/27/25
...
484
332
a
7832297.SQ.FTS.B
,
4
.776
%
,
11/27/25
...
1,486
1,449
a
7832037.SQ.FTS.B
,
4
.78
%
,
11/27/25
....
9,159
8,765
a
7831708.SQ.FTS.B
,
5
.535
%
,
11/27/25
...
2,942
480
a
7831942.SQ.FTS.B
,
6
.157
%
,
11/27/25
...
438
421
a
7835424.SQ.FTS.B
,
4
.749
%
,
11/28/25
...
17,516
2,618
a
7834147.SQ.FTS.B
,
4
.772
%
,
11/28/25
...
199
185
a
7835773.SQ.FTS.B
,
4
.78
%
,
11/28/25
....
3,779
3,135
a
7834170.SQ.FTS.B
,
4
.793
%
,
11/28/25
...
279
208
a
7834727.SQ.FTS.B
,
5
.092
%
,
11/28/25
...
4,937
4,810
a
7835086.SQ.FTS.B
,
5
.097
%
,
11/28/25
...
1,558
1,482
a
7835887.SQ.FTS.B
,
5
.528
%
,
11/28/25
...
1,184
1,146
a
7833266.SQ.FTS.B
,
5
.532
%
,
11/28/25
...
1,936
1,917
a
7835215.SQ.FTS.B
,
6
.177
%
,
11/28/25
...
67
66
a
7836267.SQ.FTS.B
,
6
.475
%
,
11/28/25
...
847
743
a
7840090.SQ.FTS.B
,
4
.75
%
,
11/29/25
....
1,654
1,395
a
7836558.SQ.FTS.B
,
4
.779
%
,
11/29/25
...
8,573
8,432
a
7838445.SQ.FTS.B
,
4
.78
%
,
11/29/25
....
19,266
18,822
a
7839256.SQ.FTS.B
,
4
.78
%
,
11/29/25
....
974
960
a
7839803.SQ.FTS.B
,
4
.78
%
,
11/29/25
....
8,019
7,882
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
40
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7838086.SQ.FTS.B
,
4
.781
%
,
11/29/25
...
$
5,973
$
5,876
a
7837446.SQ.FTS.B
,
4
.782
%
,
11/29/25
...
3,970
3,907
a
7837905.SQ.FTS.B
,
5
.344
%
,
11/29/25
...
8,022
5,446
a
7837132.SQ.FTS.B
,
5
.348
%
,
11/29/25
...
1,240
1,222
a
7839579.SQ.FTS.B
,
5
.352
%
,
11/29/25
...
532
518
a
7836996.SQ.FTS.B
,
5
.912
%
,
11/29/25
...
4,040
804
a
7839137.SQ.FTS.B
,
6
.171
%
,
11/29/25
...
1,854
1,545
a
7837744.SQ.FTS.B
,
6
.481
%
,
11/29/25
...
1,499
1,447
a
7846633.SQ.FTS.B
,
4
.75
%
,
11/30/25
....
5,174
746
a
7845907.SQ.FTS.B
,
4
.779
%
,
11/30/25
...
19,124
16,226
a
7846814.SQ.FTS.B
,
4
.779
%
,
11/30/25
...
4,527
4,489
a
7849403.SQ.FTS.B
,
4
.779
%
,
11/30/25
...
8,281
7,913
a
7844680.SQ.FTS.B
,
4
.78
%
,
11/30/25
....
14,444
14,236
a
7846405.SQ.FTS.B
,
4
.781
%
,
11/30/25
...
11,577
11,267
a
7846535.SQ.FTS.B
,
5
.094
%
,
11/30/25
...
651
640
a
7843746.SQ.FTS.B
,
5
.451
%
,
11/30/25
...
142
138
a
7846609.SQ.FTS.B
,
5
.464
%
,
11/30/25
...
474
296
a
7849623.SQ.FTS.B
,
5
.535
%
,
11/30/25
...
18,288
17,016
a
7845841.SQ.FTS.B
,
5
.723
%
,
11/30/25
...
2,330
1,923
a
7848953.SQ.FTS.B
,
5
.723
%
,
11/30/25
...
16,191
11,032
a
7847801.SQ.FTS.B
,
5
.905
%
,
11/30/25
...
1,015
703
a
7847708.SQ.FTS.B
,
5
.919
%
,
11/30/25
...
2,155
1,801
a
7845571.SQ.FTS.B
,
6
.161
%
,
11/30/25
...
1,255
1,167
a
7844476.SQ.FTS.B
,
6
.476
%
,
11/30/25
...
7,133
3,354
a
7851376.SQ.FTS.B
,
4
.782
%
,
12/01/25
...
1,955
1,928
a
7850420.SQ.FTS.B
,
5
.91
%
,
12/01/25
....
6,466
4,036
a
7851469.SQ.FTS.B
,
4
.774
%
,
12/02/25
...
2,201
2,118
a
7852147.SQ.FTS.B
,
4
.78
%
,
12/02/25
....
4,134
4,084
a
7851705.SQ.FTS.B
,
5
.443
%
,
12/02/25
...
1,333
281
a
7851585.SQ.FTS.B
,
5
.915
%
,
12/02/25
...
1,882
1,192
a
7853709.SQ.FTS.B
,
4
.74
%
,
12/03/25
....
660
612
a
7853143.SQ.FTS.B
,
4
.776
%
,
12/03/25
...
2,155
2,107
a
7856432.SQ.FTS.B
,
4
.776
%
,
12/03/25
...
4,954
4,226
a
7853428.SQ.FTS.B
,
4
.779
%
,
12/03/25
...
2,370
2,345
a
7852710.SQ.FTS.B
,
4
.78
%
,
12/03/25
....
4,137
4,002
a
7856526.SQ.FTS.B
,
4
.78
%
,
12/03/25
....
2,632
2,579
a
7856314.SQ.FTS.B
,
5
.093
%
,
12/03/25
...
1,063
1,045
a
7852976.SQ.FTS.B
,
5
.35
%
,
12/03/25
....
982
971
a
7852848.SQ.FTS.B
,
5
.917
%
,
12/03/25
...
974
810
a
7856381.SQ.FTS.B
,
5
.918
%
,
12/03/25
...
978
924
a
7855676.SQ.FTS.B
,
6
.164
%
,
12/03/25
...
10,790
10,143
a
7854215.SQ.FTS.B
,
6
.167
%
,
12/03/25
...
1,792
1,412
a
7854047.SQ.FTS.B
,
6
.289
%
,
12/03/25
...
5,613
3,345
a
7859288.SQ.FTS.B
,
4
.779
%
,
12/04/25
...
7,640
7,536
a
7859202.SQ.FTS.B
,
4
.79
%
,
12/04/25
....
899
885
a
7858954.SQ.FTS.B
,
5
.093
%
,
12/04/25
...
5,657
5,578
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7858606.SQ.FTS.B
,
5
.094
%
,
12/04/25
...
$
11,300
$
4,564
a
7857128.SQ.FTS.B
,
5
.095
%
,
12/04/25
...
9,994
9,808
a
7859727.SQ.FTS.B
,
5
.095
%
,
12/04/25
...
15,677
15,517
a
7856673.SQ.FTS.B
,
5
.346
%
,
12/04/25
...
6,129
6,033
a
7858494.SQ.FTS.B
,
5
.529
%
,
12/04/25
...
3,877
2,645
a
7858914.SQ.FTS.B
,
5
.535
%
,
12/04/25
...
258
254
a
7859227.SQ.FTS.B
,
5
.54
%
,
12/04/25
....
1,164
1,139
a
7858486.SQ.FTS.B
,
5
.954
%
,
12/04/25
...
814
19
a
7861428.SQ.FTS.B
,
4
.751
%
,
12/05/25
...
2,735
1,876
a
7863110.SQ.FTS.B
,
5
.094
%
,
12/05/25
...
18,792
18,495
a
7864015.SQ.FTS.B
,
5
.094
%
,
12/05/25
...
15,018
14,466
a
7861344.SQ.FTS.B
,
5
.338
%
,
12/05/25
...
2,043
1,895
a
7862288.SQ.FTS.B
,
5
.346
%
,
12/05/25
...
11,444
11,256
a
7862743.SQ.FTS.B
,
6
.163
%
,
12/05/25
...
8,286
7,699
a
7867807.SQ.FTS.B
,
4
.754
%
,
12/06/25
...
1,060
1,002
a
7869186.SQ.FTS.B
,
4
.772
%
,
12/06/25
...
2,334
1,834
a
7868765.SQ.FTS.B
,
4
.78
%
,
12/06/25
....
2,901
2,848
a
7866671.SQ.FTS.B
,
5
.093
%
,
12/06/25
...
4,222
3,897
a
7868908.SQ.FTS.B
,
5
.093
%
,
12/06/25
...
6,364
6,191
a
7867762.SQ.FTS.B
,
5
.346
%
,
12/06/25
...
677
660
a
7869614.SQ.FTS.B
,
5
.351
%
,
12/06/25
...
1,230
1,206
a
7867018.SQ.FTS.B
,
5
.412
%
,
12/06/25
...
73
71
a
7868573.SQ.FTS.B
,
5
.91
%
,
12/06/25
....
5,103
4,760
a
7868490.SQ.FTS.B
,
5
.915
%
,
12/06/25
...
920
902
a
7867381.SQ.FTS.B
,
6
.163
%
,
12/06/25
...
10,339
4,077
a
7869657.SQ.FTS.B
,
6
.168
%
,
12/06/25
...
2,507
2,405
a
7868085.SQ.FTS.B
,
6
.184
%
,
12/06/25
...
205
201
a
7870033.SQ.FTS.B
,
6
.289
%
,
12/06/25
...
3,576
3,277
a
7871902.SQ.FTS.B
,
4
.777
%
,
12/07/25
...
1,040
1,022
a
7870300.SQ.FTS.B
,
4
.778
%
,
12/07/25
...
3,880
3,817
a
7870506.SQ.FTS.B
,
4
.78
%
,
12/07/25
....
3,105
3,050
a
7870701.SQ.FTS.B
,
4
.781
%
,
12/07/25
...
2,564
2,527
a
7872278.SQ.FTS.B
,
4
.782
%
,
12/07/25
...
5,344
5,193
a
7872484.SQ.FTS.B
,
4
.782
%
,
12/07/25
...
5,063
4,979
a
7871823.SQ.FTS.B
,
4
.789
%
,
12/07/25
...
307
306
a
7872677.SQ.FTS.B
,
5
.094
%
,
12/07/25
...
29,088
26,814
a
7871505.SQ.FTS.B
,
5
.096
%
,
12/07/25
...
3,313
3,252
a
7871648.SQ.FTS.B
,
5
.099
%
,
12/07/25
...
2,842
2,789
a
7871970.SQ.FTS.B
,
5
.344
%
,
12/07/25
...
3,077
3,032
a
7872661.SQ.FTS.B
,
6
.155
%
,
12/07/25
...
389
381
a
7872111.SQ.FTS.B
,
6
.167
%
,
12/07/25
...
2,380
2,078
a
7873952.SQ.FTS.B
,
4
.78
%
,
12/08/25
....
5,447
5,302
a
7874099.SQ.FTS.B
,
5
.094
%
,
12/08/25
...
2,061
1,990
a
7874634.SQ.FTS.B
,
5
.103
%
,
12/08/25
...
1,346
1,290
a
7874855.SQ.FTS.B
,
5
.533
%
,
12/08/25
...
8,680
8,374
a
7874816.SQ.FTS.B
,
5
.921
%
,
12/08/25
...
1,522
1,366
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
41
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7874170.SQ.FTS.B
,
6
.283
%
,
12/08/25
...
$
2,112
$
1,861
a
7875728.SQ.FTS.B
,
4
.774
%
,
12/09/25
...
519
514
a
7875569.SQ.FTS.B
,
4
.782
%
,
12/09/25
...
3,889
3,818
a
7875752.SQ.FTS.B
,
5
.725
%
,
12/09/25
...
8,083
7,734
a
7875351.SQ.FTS.B
,
5
.727
%
,
12/09/25
...
3
3
a
7875298.SQ.FTS.B
,
6
.287
%
,
12/09/25
...
3,971
2,551
a
7877194.SQ.FTS.B
,
4
.74
%
,
12/10/25
....
1,107
922
a
7876499.SQ.FTS.B
,
4
.762
%
,
12/10/25
...
600
583
a
7876546.SQ.FTS.B
,
4
.779
%
,
12/10/25
...
10,717
10,365
a
7878218.SQ.FTS.B
,
4
.78
%
,
12/10/25
....
3,692
3,629
a
7878622.SQ.FTS.B
,
4
.78
%
,
12/10/25
....
2,437
2,372
a
7876109.SQ.FTS.B
,
5
.344
%
,
12/10/25
...
4,042
3,875
a
7878057.SQ.FTS.B
,
5
.344
%
,
12/10/25
...
4,868
3,533
a
7876414.SQ.FTS.B
,
5
.453
%
,
12/10/25
...
887
780
a
7877970.SQ.FTS.B
,
5
.529
%
,
12/10/25
...
783
774
a
7879467.SQ.FTS.B
,
5
.535
%
,
12/10/25
...
971
959
a
7879086.SQ.FTS.B
,
6
.168
%
,
12/10/25
...
785
708
a
7878861.SQ.FTS.B
,
6
.289
%
,
12/10/25
...
2,657
2,605
a
7878012.SQ.FTS.B
,
6
.303
%
,
12/10/25
...
616
591
a
7878383.SQ.FTS.B
,
6
.48
%
,
12/10/25
....
8,755
6,661
a
7883146.SQ.FTS.B
,
4
.747
%
,
12/11/25
...
7,837
1,719
a
7881518.SQ.FTS.B
,
4
.778
%
,
12/11/25
...
4,696
4,532
a
7882098.SQ.FTS.B
,
4
.781
%
,
12/11/25
...
7,890
7,824
a
7882617.SQ.FTS.B
,
4
.781
%
,
12/11/25
...
8,324
7,954
a
7880173.SQ.FTS.B
,
5
.094
%
,
12/11/25
...
2,577
2,542
a
7881492.SQ.FTS.B
,
5
.451
%
,
12/11/25
...
1,197
981
a
7882536.SQ.FTS.B
,
5
.532
%
,
12/11/25
...
1,638
1,582
a
7882947.SQ.FTS.B
,
5
.91
%
,
12/11/25
....
7,866
6,321
a
7882093.SQ.FTS.B
,
6
.16
%
,
12/11/25
....
170
167
a
7880155.SQ.FTS.B
,
6
.164
%
,
12/11/25
...
1,448
817
a
7880092.SQ.FTS.B
,
6
.181
%
,
12/11/25
...
608
585
a
7886840.SQ.FTS.B
,
4
.747
%
,
12/12/25
...
511
59
a
7883810.SQ.FTS.B
,
4
.78
%
,
12/12/25
....
6,534
5,647
a
7885255.SQ.FTS.B
,
4
.78
%
,
12/12/25
....
5,044
4,971
a
7883696.SQ.FTS.B
,
4
.784
%
,
12/12/25
...
2,828
2,700
a
7885147.SQ.FTS.B
,
5
.084
%
,
12/12/25
...
670
656
a
7886872.SQ.FTS.B
,
5
.115
%
,
12/12/25
...
615
601
a
7886682.SQ.FTS.B
,
5
.347
%
,
12/12/25
...
2,373
2,239
a
7885173.SQ.FTS.B
,
5
.433
%
,
12/12/25
...
1,059
428
a
7886913.SQ.FTS.B
,
5
.91
%
,
12/12/25
....
5,784
5,201
a
7886251.SQ.FTS.B
,
5
.912
%
,
12/12/25
...
16,602
4,179
a
7885639.SQ.FTS.B
,
6
.163
%
,
12/12/25
...
31,459
24,294
a
7885225.SQ.FTS.B
,
6
.483
%
,
12/12/25
...
428
415
a
7892396.SQ.FTS.B
,
4
.774
%
,
12/13/25
...
1,693
1,667
a
7889998.SQ.FTS.B
,
4
.78
%
,
12/13/25
....
4,417
1,657
a
7890498.SQ.FTS.B
,
4
.78
%
,
12/13/25
....
2,164
2,132
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7890762.SQ.FTS.B
,
4
.78
%
,
12/13/25
....
$
7,282
$
6,960
a
7891042.SQ.FTS.B
,
4
.78
%
,
12/13/25
....
36,582
35,427
a
7892374.SQ.FTS.B
,
4
.78
%
,
12/13/25
....
1,872
1,599
a
7890338.SQ.FTS.B
,
5
.094
%
,
12/13/25
...
2,153
1,990
a
7889459.SQ.FTS.B
,
5
.719
%
,
12/13/25
...
1,285
1,254
a
7892192.SQ.FTS.B
,
5
.72
%
,
12/13/25
....
4,238
3,888
a
7890461.SQ.FTS.B
,
5
.908
%
,
12/13/25
...
612
596
a
7889782.SQ.FTS.B
,
5
.912
%
,
12/13/25
...
2,908
2,804
a
7892128.SQ.FTS.B
,
5
.912
%
,
12/13/25
...
277
250
a
7892808.SQ.FTS.B
,
5
.918
%
,
12/13/25
...
1,583
1,527
a
7895266.SQ.FTS.B
,
5
.093
%
,
12/14/25
...
3,463
3,211
a
7895588.SQ.FTS.B
,
5
.094
%
,
12/14/25
...
1,479
1,469
a
7896117.SQ.FTS.B
,
5
.094
%
,
12/14/25
...
28,320
27,714
a
7894731.SQ.FTS.B
,
5
.101
%
,
12/14/25
...
2,892
2,668
a
7895825.SQ.FTS.B
,
5
.346
%
,
12/14/25
...
11,158
10,033
a
7893956.SQ.FTS.B
,
5
.347
%
,
12/14/25
...
11,142
10,839
a
7894598.SQ.FTS.B
,
5
.351
%
,
12/14/25
...
1,580
1,562
a
7893196.SQ.FTS.B
,
5
.521
%
,
12/14/25
...
576
565
a
7893084.SQ.FTS.B
,
5
.725
%
,
12/14/25
...
666
638
a
7893635.SQ.FTS.B
,
5
.725
%
,
12/14/25
...
2,392
2,196
a
7894822.SQ.FTS.B
,
5
.912
%
,
12/14/25
...
5,288
4,309
a
7895307.SQ.FTS.B
,
6
.289
%
,
12/14/25
...
20,016
8,325
a
7899066.SQ.FTS.B
,
4
.778
%
,
12/15/25
...
8,089
7,902
a
7898884.SQ.FTS.B
,
5
.093
%
,
12/15/25
...
3,264
3,175
a
7898689.SQ.FTS.B
,
5
.346
%
,
12/15/25
...
11,771
8,427
a
7898977.SQ.FTS.B
,
5
.914
%
,
12/15/25
...
3,747
3,090
a
7899279.SQ.FTS.B
,
6
.156
%
,
12/15/25
...
2,308
1,657
a
7899357.SQ.FTS.B
,
6
.164
%
,
12/15/25
...
12,911
12,155
a
7900211.SQ.FTS.B
,
4
.745
%
,
12/16/25
...
1,260
301
a
7899791.SQ.FTS.B
,
4
.78
%
,
12/16/25
....
2,122
2,081
a
7899874.SQ.FTS.B
,
4
.78
%
,
12/16/25
....
4,273
4,121
a
7899976.SQ.FTS.B
,
4
.78
%
,
12/16/25
....
7,801
7,650
a
7899725.SQ.FTS.B
,
5
.094
%
,
12/16/25
...
2,908
2,813
a
7900358.SQ.FTS.B
,
5
.533
%
,
12/16/25
...
3,480
3,414
a
7899843.SQ.FTS.B
,
5
.914
%
,
12/16/25
...
1,847
1,499
a
7904167.SQ.FTS.B
,
4
.752
%
,
12/17/25
...
732
653
a
7901133.SQ.FTS.B
,
4
.78
%
,
12/17/25
....
3,786
3,600
a
7901651.SQ.FTS.B
,
4
.78
%
,
12/17/25
....
3,198
3,095
a
7901791.SQ.FTS.B
,
4
.78
%
,
12/17/25
....
17,932
17,741
a
7903865.SQ.FTS.B
,
4
.78
%
,
12/17/25
....
1,251
1,232
a
7902820.SQ.FTS.B
,
5
.344
%
,
12/17/25
...
2,145
2,119
a
7905838.SQ.FTS.B
,
4
.779
%
,
12/18/25
...
20,986
20,258
a
7906618.SQ.FTS.B
,
4
.78
%
,
12/18/25
....
602
591
a
7905723.SQ.FTS.B
,
4
.784
%
,
12/18/25
...
3,008
2,944
a
7905405.SQ.FTS.B
,
4
.785
%
,
12/18/25
...
2,008
1,969
a
7904941.SQ.FTS.B
,
5
.107
%
,
12/18/25
...
1,004
977
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
42
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7907391.SQ.FTS.B
,
5
.343
%
,
12/18/25
...
$
1,118
$
1,103
a
7906625.SQ.FTS.B
,
5
.534
%
,
12/18/25
...
15,909
15,562
a
7906502.SQ.FTS.B
,
5
.535
%
,
12/18/25
...
1,860
1,824
a
7907624.SQ.FTS.B
,
6
.164
%
,
12/18/25
...
35,184
30,236
a
7910892.SQ.FTS.B
,
4
.775
%
,
12/19/25
...
1,638
1,610
a
7910282.SQ.FTS.B
,
4
.778
%
,
12/19/25
...
7,627
7,437
a
7910087.SQ.FTS.B
,
4
.78
%
,
12/19/25
....
8,524
8,225
a
7910935.SQ.FTS.B
,
4
.782
%
,
12/19/25
...
3,523
3,428
a
7910994.SQ.FTS.B
,
5
.102
%
,
12/19/25
...
464
460
a
7910474.SQ.FTS.B
,
5
.341
%
,
12/19/25
...
1,348
1,332
a
7910537.SQ.FTS.B
,
5
.346
%
,
12/19/25
...
16,066
14,929
a
7911087.SQ.FTS.B
,
5
.535
%
,
12/19/25
...
11,116
9,610
a
7911054.SQ.FTS.B
,
6
.171
%
,
12/19/25
...
1,047
1,030
a
7913933.SQ.FTS.B
,
4
.747
%
,
12/20/25
...
1,068
661
a
7913838.SQ.FTS.B
,
4
.759
%
,
12/20/25
...
952
889
a
7911482.SQ.FTS.B
,
4
.78
%
,
12/20/25
....
7,414
7,284
a
7913888.SQ.FTS.B
,
4
.78
%
,
12/20/25
....
1,029
1,000
a
7914317.SQ.FTS.B
,
4
.78
%
,
12/20/25
....
1,903
1,878
a
7913638.SQ.FTS.B
,
4
.782
%
,
12/20/25
...
7,230
7,058
a
7912235.SQ.FTS.B
,
5
.095
%
,
12/20/25
...
22,890
22,580
a
7914260.SQ.FTS.B
,
5
.103
%
,
12/20/25
...
1,546
1,511
a
7914153.SQ.FTS.B
,
5
.348
%
,
12/20/25
...
5,956
567
a
7914015.SQ.FTS.B
,
5
.536
%
,
12/20/25
...
2,075
1,454
a
7914226.SQ.FTS.B
,
5
.705
%
,
12/20/25
...
602
584
a
7914075.SQ.FTS.B
,
5
.915
%
,
12/20/25
...
1,214
1,154
a
7913994.SQ.FTS.B
,
6
.177
%
,
12/20/25
...
1,679
639
a
7918176.SQ.FTS.B
,
4
.776
%
,
12/21/25
...
2,977
2,923
a
7915212.SQ.FTS.B
,
4
.777
%
,
12/21/25
...
2,772
2,690
a
7914885.SQ.FTS.B
,
4
.781
%
,
12/21/25
...
3,365
3,317
a
7916641.SQ.FTS.B
,
4
.781
%
,
12/21/25
...
8,286
7,913
a
7915420.SQ.FTS.B
,
5
.094
%
,
12/21/25
...
7,059
6,951
a
7915978.SQ.FTS.B
,
5
.094
%
,
12/21/25
...
36,680
10,537
a
7917792.SQ.FTS.B
,
5
.346
%
,
12/21/25
...
4,772
4,275
a
7916789.SQ.FTS.B
,
5
.911
%
,
12/21/25
...
10,789
9,753
a
7918420.SQ.FTS.B
,
5
.912
%
,
12/21/25
...
21,195
20,419
a
7919264.SQ.FTS.B
,
4
.78
%
,
12/22/25
....
5,000
4,895
a
7919163.SQ.FTS.B
,
5
.102
%
,
12/22/25
...
2,292
1,716
a
7919189.SQ.FTS.B
,
5
.905
%
,
12/22/25
...
1,225
1,194
a
7919471.SQ.FTS.B
,
5
.912
%
,
12/22/25
...
7,385
7,205
a
7920013.SQ.FTS.B
,
4
.782
%
,
12/23/25
...
6,104
5,985
a
7920291.SQ.FTS.B
,
6
.163
%
,
12/23/25
...
3,609
3,552
a
7919979.SQ.FTS.B
,
6
.278
%
,
12/23/25
...
1,026
936
a
7923973.SQ.FTS.B
,
4
.733
%
,
12/24/25
...
662
560
a
7921120.SQ.FTS.B
,
4
.78
%
,
12/24/25
....
2,896
2,812
a
7921307.SQ.FTS.B
,
4
.78
%
,
12/24/25
....
1,313
1,146
a
7922389.SQ.FTS.B
,
4
.78
%
,
12/24/25
....
2,350
2,321
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7923000.SQ.FTS.B
,
4
.78
%
,
12/24/25
....
$
2,414
$
2,357
a
7923129.SQ.FTS.B
,
4
.781
%
,
12/24/25
...
13,377
11,197
a
7923632.SQ.FTS.B
,
5
.101
%
,
12/24/25
...
1,469
1,449
a
7922735.SQ.FTS.B
,
5
.535
%
,
12/24/25
...
1,235
1,190
a
7921653.SQ.FTS.B
,
5
.906
%
,
12/24/25
...
1,031
994
a
7922053.SQ.FTS.B
,
5
.91
%
,
12/24/25
....
1,446
1,303
a
7922714.SQ.FTS.B
,
5
.926
%
,
12/24/25
...
1,010
835
a
7921818.SQ.FTS.B
,
6
.162
%
,
12/24/25
...
2,663
2,339
a
7924602.SQ.FTS.B
,
4
.779
%
,
12/25/25
...
16,093
13,973
a
7925165.SQ.FTS.B
,
4
.779
%
,
12/25/25
...
2,657
2,601
a
7926169.SQ.FTS.B
,
4
.78
%
,
12/25/25
....
1,192
1,164
a
7925726.SQ.FTS.B
,
5
.091
%
,
12/25/25
...
1,461
1,433
a
7927748.SQ.FTS.B
,
5
.094
%
,
12/25/25
...
1,482
1,439
a
7926733.SQ.FTS.B
,
5
.342
%
,
12/25/25
...
1,290
1,263
a
7926714.SQ.FTS.B
,
5
.522
%
,
12/25/25
...
979
954
a
7926089.SQ.FTS.B
,
5
.526
%
,
12/25/25
...
383
381
a
7928118.SQ.FTS.B
,
5
.723
%
,
12/25/25
...
12,086
11,426
a
7927799.SQ.FTS.B
,
5
.724
%
,
12/25/25
...
9,773
9,396
a
7925268.SQ.FTS.B
,
5
.725
%
,
12/25/25
...
10,291
8,703
a
7926597.SQ.FTS.B
,
5
.911
%
,
12/25/25
...
3,392
3,305
a
7930578.SQ.FTS.B
,
4
.746
%
,
12/26/25
...
2,957
2,808
a
7930369.SQ.FTS.B
,
4
.78
%
,
12/26/25
....
3,024
2,947
a
7930770.SQ.FTS.B
,
4
.78
%
,
12/26/25
....
1,046
1,030
a
7929462.SQ.FTS.B
,
5
.096
%
,
12/26/25
...
6,362
6,285
a
7930175.SQ.FTS.B
,
5
.105
%
,
12/26/25
...
1,983
1,508
a
7931961.SQ.FTS.B
,
5
.439
%
,
12/26/25
...
8,405
5,298
a
7931768.SQ.FTS.B
,
5
.535
%
,
12/26/25
...
1,568
1,556
a
7930804.SQ.FTS.B
,
5
.724
%
,
12/26/25
...
3,316
3,269
a
7930226.SQ.FTS.B
,
6
.164
%
,
12/26/25
...
721
702
a
7929420.SQ.FTS.B
,
6
.281
%
,
12/26/25
...
2,523
53
a
7935066.SQ.FTS.B
,
4
.725
%
,
12/27/25
...
488
353
a
7935527.SQ.FTS.B
,
4
.779
%
,
12/27/25
...
4,785
4,665
a
7935179.SQ.FTS.B
,
4
.78
%
,
12/27/25
....
3,887
3,795
a
7935985.SQ.FTS.B
,
4
.78
%
,
12/27/25
....
14,735
14,422
a
7936845.SQ.FTS.B
,
4
.78
%
,
12/27/25
....
17,057
16,648
a
7937527.SQ.FTS.B
,
4
.78
%
,
12/27/25
....
1,948
1,910
a
7937581.SQ.FTS.B
,
4
.782
%
,
12/27/25
...
5,557
5,452
a
7935761.SQ.FTS.B
,
5
.347
%
,
12/27/25
...
3,064
3,022
a
7936525.SQ.FTS.B
,
5
.532
%
,
12/27/25
...
4,492
4,292
a
7934195.SQ.FTS.B
,
5
.535
%
,
12/27/25
...
5,408
5,357
a
7935729.SQ.FTS.B
,
6
.153
%
,
12/27/25
...
1,923
26
a
7939433.SQ.FTS.B
,
4
.774
%
,
12/28/25
...
2,277
2,199
a
7938306.SQ.FTS.B
,
4
.779
%
,
12/28/25
...
4,764
4,649
a
7938792.SQ.FTS.B
,
4
.78
%
,
12/28/25
....
5,024
4,939
a
7939755.SQ.FTS.B
,
5
.097
%
,
12/28/25
...
3,562
3,389
a
7939914.SQ.FTS.B
,
5
.534
%
,
12/28/25
...
30,900
30,341
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
43
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7941765.SQ.FTS.B
,
5
.912
%
,
12/28/25
...
$
118
$
117
a
7942180.SQ.FTS.B
,
4
.757
%
,
12/29/25
...
2,797
1,121
a
7942360.SQ.FTS.B
,
4
.781
%
,
12/29/25
...
10,063
9,842
a
7941973.SQ.FTS.B
,
4
.783
%
,
12/29/25
...
1,709
1,684
a
7941864.SQ.FTS.B
,
5
.091
%
,
12/29/25
...
1,206
1,189
a
7942057.SQ.FTS.B
,
5
.904
%
,
12/29/25
...
3,066
204
a
7942230.SQ.FTS.B
,
5
.92
%
,
12/29/25
....
544
539
a
7942145.SQ.FTS.B
,
6
.164
%
,
12/29/25
...
1,299
1,139
a
7943463.SQ.FTS.B
,
5
.093
%
,
12/30/25
...
2,882
2,774
a
7943129.SQ.FTS.B
,
5
.098
%
,
12/30/25
...
3,674
3,570
a
7943598.SQ.FTS.B
,
5
.347
%
,
12/30/25
...
25,572
22,844
a
7943271.SQ.FTS.B
,
5
.524
%
,
12/30/25
...
368
363
a
7943292.SQ.FTS.B
,
6
.162
%
,
12/30/25
...
2,979
2,914
a
7942981.SQ.FTS.B
,
6
.276
%
,
12/30/25
...
392
384
a
7945625.SQ.FTS.B
,
4
.746
%
,
1/01/26
....
6,176
4,500
a
7945929.SQ.FTS.B
,
4
.773
%
,
1/01/26
....
1,720
1,671
a
7947383.SQ.FTS.B
,
4
.78
%
,
1/01/26
.....
4,820
4,698
a
7947590.SQ.FTS.B
,
4
.78
%
,
1/01/26
.....
5,747
5,653
a
7947285.SQ.FTS.B
,
4
.792
%
,
1/01/26
....
1,210
1,167
a
7944955.SQ.FTS.B
,
5
.093
%
,
1/01/26
....
24,782
6,017
a
7946108.SQ.FTS.B
,
5
.534
%
,
1/01/26
....
21,101
20,655
a
7950572.SQ.FTS.B
,
4
.779
%
,
1/02/26
....
6,031
5,900
a
7949670.SQ.FTS.B
,
4
.78
%
,
1/02/26
.....
3,471
3,386
a
7949405.SQ.FTS.B
,
4
.782
%
,
1/02/26
....
5,853
5,727
a
7952679.SQ.FTS.B
,
4
.782
%
,
1/02/26
....
2,538
2,490
a
7951118.SQ.FTS.B
,
5
.094
%
,
1/02/26
....
3,506
3,373
a
7951382.SQ.FTS.B
,
5
.342
%
,
1/02/26
....
1,304
1,282
a
7953019.SQ.FTS.B
,
5
.346
%
,
1/02/26
....
3,129
3,044
a
7950936.SQ.FTS.B
,
5
.347
%
,
1/02/26
....
9,247
6,436
a
7951644.SQ.FTS.B
,
5
.358
%
,
1/02/26
....
986
965
a
7951446.SQ.FTS.B
,
5
.719
%
,
1/02/26
....
3,188
308
a
7951698.SQ.FTS.B
,
5
.723
%
,
1/02/26
....
14,282
14,001
a
7951666.SQ.FTS.B
,
5
.91
%
,
1/02/26
.....
1,301
1,223
a
7950515.SQ.FTS.B
,
5
.911
%
,
1/02/26
....
1,304
39
a
7949923.SQ.FTS.B
,
5
.913
%
,
1/02/26
....
5,194
5,118
a
7951188.SQ.FTS.B
,
6
.289
%
,
1/02/26
....
2,481
1,742
a
7949809.SQ.FTS.B
,
6
.295
%
,
1/02/26
....
3,977
1,979
a
7958490.SQ.FTS.B
,
4
.712
%
,
1/03/26
....
295
253
a
7955230.SQ.FTS.B
,
4
.776
%
,
1/03/26
....
3,452
3,354
a
7955509.SQ.FTS.B
,
4
.776
%
,
1/03/26
....
481
478
a
7958493.SQ.FTS.B
,
4
.777
%
,
1/03/26
....
2,965
2,920
a
7956516.SQ.FTS.B
,
4
.779
%
,
1/03/26
....
10,629
10,320
a
7956894.SQ.FTS.B
,
4
.78
%
,
1/03/26
.....
6,936
6,784
a
7957152.SQ.FTS.B
,
4
.78
%
,
1/03/26
.....
54,847
52,191
a
7957107.SQ.FTS.B
,
4
.786
%
,
1/03/26
....
1,574
1,549
a
7955452.SQ.FTS.B
,
5
.104
%
,
1/03/26
....
901
880
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7955992.SQ.FTS.B
,
5
.916
%
,
1/03/26
....
$
458
$
455
a
7957083.SQ.FTS.B
,
6
.144
%
,
1/03/26
....
260
256
a
7955776.SQ.FTS.B
,
6
.168
%
,
1/03/26
....
1,650
1,626
a
7956861.SQ.FTS.B
,
6
.175
%
,
1/03/26
....
499
484
a
7959102.SQ.FTS.B
,
4
.78
%
,
1/04/26
.....
5,085
5,007
a
7959271.SQ.FTS.B
,
4
.78
%
,
1/04/26
.....
4,539
4,458
a
7958937.SQ.FTS.B
,
4
.781
%
,
1/04/26
....
3,921
3,841
a
7959717.SQ.FTS.B
,
5
.091
%
,
1/04/26
....
3,444
3,319
a
7958846.SQ.FTS.B
,
5
.092
%
,
1/04/26
....
2,212
2,037
a
7959423.SQ.FTS.B
,
5
.093
%
,
1/04/26
....
4,245
3,412
a
7959671.SQ.FTS.B
,
5
.099
%
,
1/04/26
....
2,871
2,766
a
7959042.SQ.FTS.B
,
5
.34
%
,
1/04/26
.....
1,699
1,672
a
7959509.SQ.FTS.B
,
5
.348
%
,
1/04/26
....
3,620
2,559
a
7959665.SQ.FTS.B
,
6
.184
%
,
1/04/26
....
615
465
a
7963149.SQ.FTS.B
,
4
.753
%
,
1/05/26
....
528
505
a
7959854.SQ.FTS.B
,
4
.776
%
,
1/05/26
....
992
967
a
7961488.SQ.FTS.B
,
4
.78
%
,
1/05/26
.....
28,888
28,129
a
7960726.SQ.FTS.B
,
5
.351
%
,
1/05/26
....
1,692
1,634
a
7961400.SQ.FTS.B
,
5
.719
%
,
1/05/26
....
1,434
1,359
a
7960559.SQ.FTS.B
,
5
.912
%
,
1/05/26
....
3,854
2,588
a
7962436.SQ.FTS.B
,
5
.922
%
,
1/05/26
....
561
537
a
7962505.SQ.FTS.B
,
6
.163
%
,
1/05/26
....
23,761
13,771
a
7959892.SQ.FTS.B
,
6
.164
%
,
1/05/26
....
3,557
3,511
a
7962453.SQ.FTS.B
,
6
.19
%
,
1/05/26
.....
812
520
a
7964034.SQ.FTS.B
,
4
.78
%
,
1/06/26
.....
2,669
2,629
a
7963313.SQ.FTS.B
,
4
.788
%
,
1/06/26
....
1,674
1,611
a
7963181.SQ.FTS.B
,
5
.098
%
,
1/06/26
....
1,542
1,528
a
7963762.SQ.FTS.B
,
5
.346
%
,
1/06/26
....
11,621
2,787
a
7963603.SQ.FTS.B
,
5
.35
%
,
1/06/26
.....
3,127
3,060
a
7963454.SQ.FTS.B
,
5
.535
%
,
1/06/26
....
2,931
2,852
a
7964764.SQ.FTS.B
,
4
.759
%
,
1/07/26
....
1,606
880
a
7964799.SQ.FTS.B
,
5
.096
%
,
1/07/26
....
8,238
6,580
a
7964468.SQ.FTS.B
,
5
.348
%
,
1/07/26
....
9,837
8,918
a
7964179.SQ.FTS.B
,
5
.533
%
,
1/07/26
....
5,159
5,011
a
7967430.SQ.FTS.B
,
4
.746
%
,
1/08/26
....
735
713
a
7968350.SQ.FTS.B
,
4
.746
%
,
1/08/26
....
1,919
1,393
a
7968280.SQ.FTS.B
,
4
.776
%
,
1/08/26
....
1,182
1,149
a
7966471.SQ.FTS.B
,
4
.78
%
,
1/08/26
.....
14,549
14,095
a
7968118.SQ.FTS.B
,
4
.78
%
,
1/08/26
.....
1,983
1,953
a
7967592.SQ.FTS.B
,
5
.094
%
,
1/08/26
....
3,569
3,405
a
7965591.SQ.FTS.B
,
5
.535
%
,
1/08/26
....
5,160
4,611
a
7968075.SQ.FTS.B
,
5
.926
%
,
1/08/26
....
525
515
a
7967754.SQ.FTS.B
,
6
.164
%
,
1/08/26
....
2,628
2,596
a
7968511.SQ.FTS.B
,
6
.164
%
,
1/08/26
....
4,160
2,437
a
7967330.SQ.FTS.B
,
6
.172
%
,
1/08/26
....
2,539
1,284
a
7969833.SQ.FTS.B
,
4
.747
%
,
1/09/26
....
259
252
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
44
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7971372.SQ.FTS.B
,
4
.748
%
,
1/09/26
....
$
1,085
$
659
a
7970690.SQ.FTS.B
,
4
.778
%
,
1/09/26
....
7,307
7,142
a
7969752.SQ.FTS.B
,
4
.78
%
,
1/09/26
.....
3,101
3,030
a
7968648.SQ.FTS.B
,
4
.781
%
,
1/09/26
....
6,236
6,093
a
7971410.SQ.FTS.B
,
4
.781
%
,
1/09/26
....
12,857
12,615
a
7971880.SQ.FTS.B
,
4
.781
%
,
1/09/26
....
8,013
7,770
a
7971102.SQ.FTS.B
,
5
.094
%
,
1/09/26
....
7,173
6,910
a
7969237.SQ.FTS.B
,
5
.097
%
,
1/09/26
....
6,373
5,863
a
7971046.SQ.FTS.B
,
5
.348
%
,
1/09/26
....
1,994
1,925
a
7970839.SQ.FTS.B
,
5
.718
%
,
1/09/26
....
3,766
3,244
a
7970441.SQ.FTS.B
,
5
.91
%
,
1/09/26
.....
1,859
1,823
a
7970501.SQ.FTS.B
,
5
.912
%
,
1/09/26
....
4,158
3,810
a
7970944.SQ.FTS.B
,
5
.916
%
,
1/09/26
....
988
969
a
7971333.SQ.FTS.B
,
6
.472
%
,
1/09/26
....
1,054
994
a
7971313.SQ.FTS.B
,
6
.499
%
,
1/09/26
....
428
364
a
7973273.SQ.FTS.B
,
4
.78
%
,
1/10/26
.....
15,447
15,262
a
7975042.SQ.FTS.B
,
4
.785
%
,
1/10/26
....
3,316
3,211
a
7974628.SQ.FTS.B
,
5
.094
%
,
1/10/26
....
7,341
7,185
a
7974442.SQ.FTS.B
,
5
.349
%
,
1/10/26
....
3,204
3,162
a
7972001.SQ.FTS.B
,
5
.535
%
,
1/10/26
....
10,546
10,255
a
7973824.SQ.FTS.B
,
5
.723
%
,
1/10/26
....
6,424
5,571
a
7974851.SQ.FTS.B
,
5
.909
%
,
1/10/26
....
4,353
4,216
a
7973064.SQ.FTS.B
,
6
.164
%
,
1/10/26
....
12,095
7,371
a
7978500.SQ.FTS.B
,
4
.766
%
,
1/11/26
....
792
591
a
7978140.SQ.FTS.B
,
4
.78
%
,
1/11/26
.....
1,626
1,582
a
7980356.SQ.FTS.B
,
5
.094
%
,
1/11/26
....
6,518
6,432
a
7977434.SQ.FTS.B
,
5
.095
%
,
1/11/26
....
6,857
6,766
a
7977115.SQ.FTS.B
,
5
.436
%
,
1/11/26
....
1,089
1,046
a
7979576.SQ.FTS.B
,
5
.535
%
,
1/11/26
....
5,028
4,959
a
7978527.SQ.FTS.B
,
5
.91
%
,
1/11/26
.....
4,885
4,807
a
7980752.SQ.FTS.B
,
5
.912
%
,
1/11/26
....
947
82
a
7979545.SQ.FTS.B
,
6
.174
%
,
1/11/26
....
488
479
a
7980032.SQ.FTS.B
,
6
.174
%
,
1/11/26
....
1,489
1,408
a
7982369.SQ.FTS.B
,
4
.777
%
,
1/12/26
....
5,035
4,902
a
7983663.SQ.FTS.B
,
4
.778
%
,
1/12/26
....
6,844
6,725
a
7981253.SQ.FTS.B
,
4
.78
%
,
1/12/26
.....
1,572
1,538
a
7981339.SQ.FTS.B
,
4
.78
%
,
1/12/26
.....
18,901
18,484
a
7982963.SQ.FTS.B
,
5
.533
%
,
1/12/26
....
4,092
3,926
a
7983953.SQ.FTS.B
,
5
.723
%
,
1/12/26
....
10,028
9,505
a
7980971.SQ.FTS.B
,
6
.165
%
,
1/12/26
....
1,678
1,660
a
7980828.SQ.FTS.B
,
6
.489
%
,
1/12/26
....
489
483
a
7984687.SQ.FTS.B
,
4
.721
%
,
1/13/26
....
485
364
a
7984842.SQ.FTS.B
,
4
.741
%
,
1/13/26
....
3,159
166
a
7984097.SQ.FTS.B
,
4
.782
%
,
1/13/26
....
2,586
2,518
a
7984893.SQ.FTS.B
,
4
.788
%
,
1/13/26
....
990
976
a
7984675.SQ.FTS.B
,
5
.414
%
,
1/13/26
....
943
599
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
7984645.SQ.FTS.B
,
5
.547
%
,
1/13/26
....
$
529
$
519
a
7984701.SQ.FTS.B
,
5
.719
%
,
1/13/26
....
1,277
1,248
a
7984936.SQ.FTS.B
,
5
.723
%
,
1/13/26
....
3,513
3,454
a
7984169.SQ.FTS.B
,
6
.164
%
,
1/13/26
....
24,949
19,956
a
7985267.SQ.FTS.B
,
4
.782
%
,
1/14/26
....
5,988
5,877
a
7985451.SQ.FTS.B
,
5
.096
%
,
1/14/26
....
2,485
2,443
a
7985560.SQ.FTS.B
,
5
.097
%
,
1/14/26
....
5,013
4,867
a
7985528.SQ.FTS.B
,
5
.101
%
,
1/14/26
....
1,681
1,601
a
7985142.SQ.FTS.B
,
5
.35
%
,
1/14/26
.....
2,919
2,870
a
7989353.SQ.FTS.B
,
4
.778
%
,
1/15/26
....
7,333
6,987
a
7986879.SQ.FTS.B
,
4
.779
%
,
1/15/26
....
8,606
8,477
a
7988566.SQ.FTS.B
,
4
.779
%
,
1/15/26
....
6,208
6,043
a
7986170.SQ.FTS.B
,
4
.78
%
,
1/15/26
.....
6,532
6,318
a
7988550.SQ.FTS.B
,
4
.78
%
,
1/15/26
.....
585
566
a
7988830.SQ.FTS.B
,
4
.78
%
,
1/15/26
.....
2,942
2,541
a
7988900.SQ.FTS.B
,
4
.78
%
,
1/15/26
.....
7,431
7,196
a
7986602.SQ.FTS.B
,
4
.781
%
,
1/15/26
....
1,957
1,901
a
7987316.SQ.FTS.B
,
5
.093
%
,
1/15/26
....
14,886
12,004
a
7987638.SQ.FTS.B
,
5
.724
%
,
1/15/26
....
37,057
34,297
a
7986842.SQ.FTS.B
,
5
.911
%
,
1/15/26
....
240
238
a
7988744.SQ.FTS.B
,
5
.912
%
,
1/15/26
....
1,524
1,510
a
7986712.SQ.FTS.B
,
6
.165
%
,
1/15/26
....
3,908
2,270
a
7991384.SQ.FTS.B
,
4
.766
%
,
1/16/26
....
981
960
a
7991304.SQ.FTS.B
,
4
.778
%
,
1/16/26
....
3,865
3,251
a
7991634.SQ.FTS.B
,
4
.779
%
,
1/16/26
....
22,874
21,637
a
7989875.SQ.FTS.B
,
4
.78
%
,
1/16/26
.....
1,928
1,887
a
7991579.SQ.FTS.B
,
4
.78
%
,
1/16/26
.....
4,814
4,196
a
7992099.SQ.FTS.B
,
4
.78
%
,
1/16/26
.....
2,395
2,356
a
7992929.SQ.FTS.B
,
4
.781
%
,
1/16/26
....
6,860
6,676
a
7989701.SQ.FTS.B
,
4
.786
%
,
1/16/26
....
2,679
2,311
a
7989998.SQ.FTS.B
,
5
.093
%
,
1/16/26
....
3,846
3,673
a
7991134.SQ.FTS.B
,
5
.098
%
,
1/16/26
....
2,679
2,573
a
7989820.SQ.FTS.B
,
5
.103
%
,
1/16/26
....
1,848
1,721
a
7990944.SQ.FTS.B
,
5
.344
%
,
1/16/26
....
4,484
4,346
a
7992311.SQ.FTS.B
,
5
.535
%
,
1/16/26
....
18,183
17,796
a
7991209.SQ.FTS.B
,
5
.909
%
,
1/16/26
....
3,117
2,934
a
7992867.SQ.FTS.B
,
6
.158
%
,
1/16/26
....
1,239
1,151
a
7990281.SQ.FTS.B
,
6
.165
%
,
1/16/26
....
9,974
9,186
a
7994399.SQ.FTS.B
,
4
.779
%
,
1/17/26
....
6,257
6,083
a
7994296.SQ.FTS.B
,
4
.78
%
,
1/17/26
.....
3,418
3,288
a
7994628.SQ.FTS.B
,
4
.78
%
,
1/17/26
.....
4,155
3,614
a
7999659.SQ.FTS.B
,
4
.78
%
,
1/17/26
.....
23,678
23,104
a
8000708.SQ.FTS.B
,
4
.78
%
,
1/17/26
.....
1,291
1,274
a
7999412.SQ.FTS.B
,
4
.788
%
,
1/17/26
....
1,380
1,347
a
8000592.SQ.FTS.B
,
5
.092
%
,
1/17/26
....
5,027
4,795
a
7993753.SQ.FTS.B
,
5
.094
%
,
1/17/26
....
7,604
7,051
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
45
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
7999455.SQ.FTS.B
,
5
.094
%
,
1/17/26
....
$
4,029
$
3,988
a
7999305.SQ.FTS.B
,
5
.733
%
,
1/17/26
....
169
168
a
7993294.SQ.FTS.B
,
6
.151
%
,
1/17/26
....
1,119
1,029
a
7993548.SQ.FTS.B
,
6
.266
%
,
1/17/26
....
434
419
a
8000517.SQ.FTS.B
,
6
.284
%
,
1/17/26
....
1,555
1,515
a
7997671.SQ.FTS.B
,
6
.289
%
,
1/17/26
....
2,963
2,752
a
8003922.SQ.FTS.B
,
5
.094
%
,
1/18/26
....
3,397
3,243
a
8005714.SQ.FTS.B
,
5
.094
%
,
1/18/26
....
15,295
15,059
a
8003046.SQ.FTS.B
,
5
.098
%
,
1/18/26
....
1,546
1,526
a
8005254.SQ.FTS.B
,
5
.347
%
,
1/18/26
....
11,693
11,381
a
8003744.SQ.FTS.B
,
5
.522
%
,
1/18/26
....
1,639
1,154
a
8004096.SQ.FTS.B
,
6
.163
%
,
1/18/26
....
67,437
4,084
a
8003178.SQ.FTS.B
,
6
.287
%
,
1/18/26
....
2,070
1,976
a
8008266.SQ.FTS.B
,
4
.722
%
,
1/19/26
....
420
387
a
8007730.SQ.FTS.B
,
4
.777
%
,
1/19/26
....
3,547
3,429
a
8008289.SQ.FTS.B
,
4
.778
%
,
1/19/26
....
9,695
9,434
a
8009771.SQ.FTS.B
,
4
.778
%
,
1/19/26
....
2,870
2,799
a
8009308.SQ.FTS.B
,
4
.779
%
,
1/19/26
....
8,064
7,851
a
8006786.SQ.FTS.B
,
4
.78
%
,
1/19/26
.....
7,883
7,665
a
8007161.SQ.FTS.B
,
4
.78
%
,
1/19/26
.....
8,051
7,854
a
8007709.SQ.FTS.B
,
4
.78
%
,
1/19/26
.....
758
732
a
8008048.SQ.FTS.B
,
4
.78
%
,
1/19/26
.....
5,879
5,725
a
8008554.SQ.FTS.B
,
4
.78
%
,
1/19/26
.....
1,336
1,304
a
8008601.SQ.FTS.B
,
4
.78
%
,
1/19/26
.....
6,115
4,982
a
8009685.SQ.FTS.B
,
5
.346
%
,
1/19/26
....
1,889
1,781
a
8008734.SQ.FTS.B
,
5
.535
%
,
1/19/26
....
6,896
5,062
a
8007925.SQ.FTS.B
,
6
.287
%
,
1/19/26
....
2,212
2,138
a
8009871.SQ.FTS.B
,
4
.78
%
,
1/20/26
.....
5,784
5,565
a
8010158.SQ.FTS.B
,
4
.787
%
,
1/20/26
....
332
293
a
8010171.SQ.FTS.B
,
5
.094
%
,
1/20/26
....
4,170
4,099
a
8010531.SQ.FTS.B
,
5
.096
%
,
1/20/26
....
7,492
7,369
a
8009956.SQ.FTS.B
,
5
.346
%
,
1/20/26
....
3,863
3,811
a
8010459.SQ.FTS.B
,
5
.446
%
,
1/20/26
....
1,109
827
a
8010484.SQ.FTS.B
,
5
.91
%
,
1/20/26
.....
1,263
1,223
a
8010295.SQ.FTS.B
,
5
.911
%
,
1/20/26
....
13,906
469
a
8009826.SQ.FTS.B
,
5
.919
%
,
1/20/26
....
943
924
a
8010141.SQ.FTS.B
,
6
.174
%
,
1/20/26
....
1,585
992
a
8010733.SQ.FTS.B
,
4
.759
%
,
1/21/26
....
2,017
1,349
a
8010925.SQ.FTS.B
,
4
.78
%
,
1/21/26
.....
1,111
1,082
a
8010948.SQ.FTS.B
,
5
.094
%
,
1/21/26
....
7,642
7,525
a
8010904.SQ.FTS.B
,
5
.356
%
,
1/21/26
....
1,053
1,024
a
8011298.SQ.FTS.B
,
5
.536
%
,
1/21/26
....
8,225
7,695
a
8010866.SQ.FTS.B
,
5
.547
%
,
1/21/26
....
1,208
1,161
a
8011235.SQ.FTS.B
,
5
.912
%
,
1/21/26
....
127
126
a
8015018.SQ.FTS.B
,
4
.777
%
,
1/22/26
....
3,164
3,086
a
8011849.SQ.FTS.B
,
4
.778
%
,
1/22/26
....
8,560
8,386
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8012604.SQ.FTS.B
,
4
.778
%
,
1/22/26
....
$
4,772
$
4,640
a
8013271.SQ.FTS.B
,
4
.779
%
,
1/22/26
....
4,018
3,983
a
8012526.SQ.FTS.B
,
5
.086
%
,
1/22/26
....
2,024
1,928
a
8011493.SQ.FTS.B
,
5
.098
%
,
1/22/26
....
1,721
1,683
a
8013485.SQ.FTS.B
,
5
.102
%
,
1/22/26
....
1,568
1,541
a
8015221.SQ.FTS.B
,
5
.344
%
,
1/22/26
....
3,120
2,318
a
8013542.SQ.FTS.B
,
5
.346
%
,
1/22/26
....
26,703
26,088
a
8014533.SQ.FTS.B
,
5
.347
%
,
1/22/26
....
7,281
6,842
a
8012825.SQ.FTS.B
,
5
.906
%
,
1/22/26
....
2,180
2,088
a
8015166.SQ.FTS.B
,
6
.158
%
,
1/22/26
....
1,721
1,379
a
8014459.SQ.FTS.B
,
6
.161
%
,
1/22/26
....
964
944
a
8011797.SQ.FTS.B
,
6
.171
%
,
1/22/26
....
1,970
1,892
a
8014697.SQ.FTS.B
,
6
.289
%
,
1/22/26
....
3,183
3,100
a
8016674.SQ.FTS.B
,
4
.775
%
,
1/23/26
....
1,766
1,693
a
8017129.SQ.FTS.B
,
4
.78
%
,
1/23/26
.....
3,870
3,781
a
8017284.SQ.FTS.B
,
4
.78
%
,
1/23/26
.....
4,182
4,017
a
8015255.SQ.FTS.B
,
4
.783
%
,
1/23/26
....
5,090
4,946
a
8018158.SQ.FTS.B
,
4
.783
%
,
1/23/26
....
4,615
4,516
a
8015629.SQ.FTS.B
,
5
.094
%
,
1/23/26
....
5,509
5,421
a
8016257.SQ.FTS.B
,
5
.095
%
,
1/23/26
....
7,442
6,926
a
8017433.SQ.FTS.B
,
5
.346
%
,
1/23/26
....
14,108
13,914
a
8016839.SQ.FTS.B
,
5
.91
%
,
1/23/26
.....
1,204
1,156
a
8018479.SQ.FTS.B
,
5
.912
%
,
1/23/26
....
6,711
6,579
a
8016736.SQ.FTS.B
,
5
.919
%
,
1/23/26
....
769
763
a
8016881.SQ.FTS.B
,
6
.161
%
,
1/23/26
....
102
102
a
8017092.SQ.FTS.B
,
6
.293
%
,
1/23/26
....
1,276
1,234
a
8016630.SQ.FTS.B
,
6
.465
%
,
1/23/26
....
1,250
630
a
8017258.SQ.FTS.B
,
6
.473
%
,
1/23/26
....
1,206
1,125
a
8016541.SQ.FTS.B
,
6
.477
%
,
1/23/26
....
4,399
66
a
8020603.SQ.FTS.B
,
4
.745
%
,
1/24/26
....
2,362
2,196
a
8021419.SQ.FTS.B
,
4
.759
%
,
1/24/26
....
2,217
1,477
a
8019872.SQ.FTS.B
,
4
.776
%
,
1/24/26
....
2,754
2,692
a
8021335.SQ.FTS.B
,
4
.777
%
,
1/24/26
....
3,006
2,942
a
8020102.SQ.FTS.B
,
4
.78
%
,
1/24/26
.....
5,366
5,107
a
8020498.SQ.FTS.B
,
5
.093
%
,
1/24/26
....
2,720
2,666
a
8021596.SQ.FTS.B
,
5
.093
%
,
1/24/26
....
5,103
4,867
a
8021695.SQ.FTS.B
,
5
.919
%
,
1/24/26
....
889
876
a
8021477.SQ.FTS.B
,
6
.142
%
,
1/24/26
....
896
717
a
8020017.SQ.FTS.B
,
6
.148
%
,
1/24/26
....
873
816
a
8021556.SQ.FTS.B
,
6
.155
%
,
1/24/26
....
845
830
a
8020710.SQ.FTS.B
,
6
.162
%
,
1/24/26
....
8,032
7,877
a
8020588.SQ.FTS.B
,
6
.279
%
,
1/24/26
....
1,261
1,174
a
8021730.SQ.FTS.B
,
6
.478
%
,
1/24/26
....
10,299
8,399
a
8021079.SQ.FTS.B
,
6
.479
%
,
1/24/26
....
1,494
1,478
a
8025631.SQ.FTS.B
,
4
.717
%
,
1/25/26
....
348
200
a
8027331.SQ.FTS.B
,
4
.78
%
,
1/25/26
.....
712
697
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
46
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8026675.SQ.FTS.B
,
4
.781
%
,
1/25/26
....
$
6,266
$
6,109
a
8025452.SQ.FTS.B
,
4
.782
%
,
1/25/26
....
3,652
3,534
a
8027455.SQ.FTS.B
,
4
.783
%
,
1/25/26
....
3,561
3,442
a
8027405.SQ.FTS.B
,
5
.09
%
,
1/25/26
.....
1,542
1,467
a
8025651.SQ.FTS.B
,
5
.092
%
,
1/25/26
....
5,015
4,827
a
8024460.SQ.FTS.B
,
5
.094
%
,
1/25/26
....
10,949
10,669
a
8026785.SQ.FTS.B
,
5
.095
%
,
1/25/26
....
16,411
16,084
a
8025963.SQ.FTS.B
,
5
.342
%
,
1/25/26
....
1,379
1,346
a
8027623.SQ.FTS.B
,
5
.346
%
,
1/25/26
....
5,329
5,235
a
8025995.SQ.FTS.B
,
5
.422
%
,
1/25/26
....
943
501
a
8026030.SQ.FTS.B
,
5
.536
%
,
1/25/26
....
2,363
2,273
a
8026082.SQ.FTS.B
,
5
.912
%
,
1/25/26
....
12,169
11,926
a
8027296.SQ.FTS.B
,
5
.912
%
,
1/25/26
....
887
869
a
8027367.SQ.FTS.B
,
6
.164
%
,
1/25/26
....
1,739
1,422
a
8024363.SQ.FTS.B
,
6
.289
%
,
1/25/26
....
530
495
a
8027580.SQ.FTS.B
,
6
.305
%
,
1/25/26
....
1,181
887
a
8025840.SQ.FTS.B
,
6
.476
%
,
1/25/26
....
1,876
1,818
a
8031161.SQ.FTS.B
,
4
.778
%
,
1/26/26
....
4,829
4,569
a
8029715.SQ.FTS.B
,
4
.78
%
,
1/26/26
.....
32,166
31,564
a
8029080.SQ.FTS.B
,
4
.781
%
,
1/26/26
....
3,723
3,677
a
8027835.SQ.FTS.B
,
5
.092
%
,
1/26/26
....
3,776
3,680
a
8028638.SQ.FTS.B
,
5
.093
%
,
1/26/26
....
5,513
5,421
a
8029352.SQ.FTS.B
,
5
.094
%
,
1/26/26
....
725
711
a
8029522.SQ.FTS.B
,
5
.095
%
,
1/26/26
....
7,609
7,331
a
8029393.SQ.FTS.B
,
5
.345
%
,
1/26/26
....
2,771
2,657
a
8029495.SQ.FTS.B
,
5
.899
%
,
1/26/26
....
768
724
a
8031670.SQ.FTS.B
,
5
.093
%
,
1/27/26
....
12,300
12,036
a
8031599.SQ.FTS.B
,
5
.346
%
,
1/27/26
....
2,650
2,568
a
8031552.SQ.FTS.B
,
5
.43
%
,
1/27/26
.....
514
478
a
8031473.SQ.FTS.B
,
5
.445
%
,
1/27/26
....
3,422
1,924
a
8031468.SQ.FTS.B
,
5
.503
%
,
1/27/26
....
337
246
a
8031570.SQ.FTS.B
,
5
.904
%
,
1/27/26
....
1,827
1,749
a
8032057.SQ.FTS.B
,
5
.912
%
,
1/27/26
....
2,938
2,814
a
8033005.SQ.FTS.B
,
4
.774
%
,
1/28/26
....
2,345
2,305
a
8032837.SQ.FTS.B
,
4
.78
%
,
1/28/26
.....
5,700
5,402
a
8032797.SQ.FTS.B
,
4
.786
%
,
1/28/26
....
2,313
2,218
a
8032445.SQ.FTS.B
,
5
.094
%
,
1/28/26
....
3,118
2,976
a
8032498.SQ.FTS.B
,
5
.094
%
,
1/28/26
....
11,840
11,545
a
8032129.SQ.FTS.B
,
5
.528
%
,
1/28/26
....
871
833
a
8032927.SQ.FTS.B
,
5
.54
%
,
1/28/26
.....
1,749
1,710
a
8032155.SQ.FTS.B
,
6
.163
%
,
1/28/26
....
4,749
4,652
a
8032327.SQ.FTS.B
,
6
.164
%
,
1/28/26
....
6,331
5,919
a
8032318.SQ.FTS.B
,
6
.184
%
,
1/28/26
....
774
636
a
8034645.SQ.FTS.B
,
4
.778
%
,
1/29/26
....
3,907
3,797
a
8035580.SQ.FTS.B
,
4
.78
%
,
1/29/26
.....
1,316
1,293
a
8033788.SQ.FTS.B
,
4
.781
%
,
1/29/26
....
9,661
9,412
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8034808.SQ.FTS.B
,
5
.092
%
,
1/29/26
....
$
5,271
$
5,029
a
8034986.SQ.FTS.B
,
5
.094
%
,
1/29/26
....
24,504
23,708
a
8035784.SQ.FTS.B
,
5
.346
%
,
1/29/26
....
39,711
38,451
a
8033377.SQ.FTS.B
,
5
.534
%
,
1/29/26
....
5,964
5,838
a
8035724.SQ.FTS.B
,
5
.724
%
,
1/29/26
....
2,024
1,932
a
8038433.SQ.FTS.B
,
4
.764
%
,
1/30/26
....
67
65
a
8038511.SQ.FTS.B
,
4
.777
%
,
1/30/26
....
4,169
4,089
a
8040290.SQ.FTS.B
,
4
.781
%
,
1/30/26
....
4,510
4,385
a
8037056.SQ.FTS.B
,
5
.091
%
,
1/30/26
....
3,705
3,573
a
8038474.SQ.FTS.B
,
5
.094
%
,
1/30/26
....
1,129
1,093
a
8038900.SQ.FTS.B
,
5
.094
%
,
1/30/26
....
6,622
6,298
a
8040782.SQ.FTS.B
,
5
.094
%
,
1/30/26
....
4,356
4,187
a
8040660.SQ.FTS.B
,
5
.343
%
,
1/30/26
....
1,941
1,913
a
8039151.SQ.FTS.B
,
5
.346
%
,
1/30/26
....
11,934
11,290
a
8040547.SQ.FTS.B
,
5
.351
%
,
1/30/26
....
3,710
3,491
a
8040463.SQ.FTS.B
,
5
.426
%
,
1/30/26
....
357
317
a
8038114.SQ.FTS.B
,
5
.535
%
,
1/30/26
....
1,626
1,615
a
8038659.SQ.FTS.B
,
5
.535
%
,
1/30/26
....
1,204
1,119
a
8039563.SQ.FTS.B
,
5
.535
%
,
1/30/26
....
15,165
14,686
a
8040116.SQ.FTS.B
,
5
.91
%
,
1/30/26
.....
1,916
1,864
a
8040220.SQ.FTS.B
,
5
.912
%
,
1/30/26
....
1,635
1,374
a
8037317.SQ.FTS.B
,
6
.165
%
,
1/30/26
....
4,815
4,634
a
8039025.SQ.FTS.B
,
6
.169
%
,
1/30/26
....
1,409
1,380
a
8040495.SQ.FTS.B
,
6
.488
%
,
1/30/26
....
1,503
1,406
a
8043196.SQ.FTS.B
,
4
.748
%
,
1/31/26
....
9,336
8,323
a
8042719.SQ.FTS.B
,
4
.78
%
,
1/31/26
.....
1,065
1,033
a
8043893.SQ.FTS.B
,
4
.78
%
,
1/31/26
.....
31,187
30,402
a
8041460.SQ.FTS.B
,
5
.093
%
,
1/31/26
....
7,970
7,725
a
8040858.SQ.FTS.B
,
5
.094
%
,
1/31/26
....
7,241
7,135
a
8042742.SQ.FTS.B
,
5
.723
%
,
1/31/26
....
14,544
14,148
a
8042286.SQ.FTS.B
,
5
.912
%
,
1/31/26
....
2,976
2,954
a
8043690.SQ.FTS.B
,
5
.916
%
,
1/31/26
....
2,669
2,524
a
8043875.SQ.FTS.B
,
6
.162
%
,
1/31/26
....
244
242
a
8041956.SQ.FTS.B
,
6
.163
%
,
1/31/26
....
2,966
2,933
a
8048058.SQ.FTS.B
,
4
.777
%
,
2/01/26
....
1,427
1,407
a
8046701.SQ.FTS.B
,
4
.779
%
,
2/01/26
....
6,684
6,543
a
8049441.SQ.FTS.B
,
4
.779
%
,
2/01/26
....
6,544
6,418
a
8046629.SQ.FTS.B
,
4
.78
%
,
2/01/26
.....
1,153
1,123
a
8047184.SQ.FTS.B
,
4
.78
%
,
2/01/26
.....
7,618
6,725
a
8048220.SQ.FTS.B
,
4
.78
%
,
2/01/26
.....
1,766
1,716
a
8048854.SQ.FTS.B
,
4
.78
%
,
2/01/26
.....
4,624
4,510
a
8050429.SQ.FTS.B
,
4
.78
%
,
2/01/26
.....
1,710
1,476
a
8050450.SQ.FTS.B
,
4
.781
%
,
2/01/26
....
9,042
8,686
a
8048159.SQ.FTS.B
,
5
.086
%
,
2/01/26
....
1,072
1,051
a
8049654.SQ.FTS.B
,
5
.542
%
,
2/01/26
....
786
763
a
8049692.SQ.FTS.B
,
5
.892
%
,
2/01/26
....
751
719
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
47
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8048988.SQ.FTS.B
,
5
.912
%
,
2/01/26
....
$
5,550
$
5,478
a
8049740.SQ.FTS.B
,
5
.912
%
,
2/01/26
....
1,192
1,126
a
8049786.SQ.FTS.B
,
5
.915
%
,
2/01/26
....
1,077
1,050
a
8047506.SQ.FTS.B
,
6
.164
%
,
2/01/26
....
7,276
6,676
a
8051888.SQ.FTS.B
,
4
.744
%
,
2/02/26
....
1,962
1,685
a
8051191.SQ.FTS.B
,
4
.762
%
,
2/02/26
....
913
428
a
8053145.SQ.FTS.B
,
4
.78
%
,
2/02/26
.....
7,097
6,847
a
8051402.SQ.FTS.B
,
4
.781
%
,
2/02/26
....
6,861
6,680
a
8052007.SQ.FTS.B
,
5
.094
%
,
2/02/26
....
5,819
5,699
a
8052677.SQ.FTS.B
,
5
.098
%
,
2/02/26
....
5,401
5,230
a
8053011.SQ.FTS.B
,
5
.538
%
,
2/02/26
....
5,228
5,006
a
8053308.SQ.FTS.B
,
5
.912
%
,
2/02/26
....
66,987
46,165
a
8052271.SQ.FTS.B
,
6
.163
%
,
2/02/26
....
2,606
2,568
a
8050565.SQ.FTS.B
,
6
.164
%
,
2/02/26
....
7,073
6,834
a
8051242.SQ.FTS.B
,
6
.289
%
,
2/02/26
....
1,378
1,337
a
8055206.SQ.FTS.B
,
4
.769
%
,
2/03/26
....
382
306
a
8054387.SQ.FTS.B
,
4
.776
%
,
2/03/26
....
3,012
2,941
a
8054701.SQ.FTS.B
,
4
.781
%
,
2/03/26
....
13,542
12,903
a
8054298.SQ.FTS.B
,
4
.784
%
,
2/03/26
....
2,105
2,066
a
8054476.SQ.FTS.B
,
5
.094
%
,
2/03/26
....
4,982
4,876
a
8055120.SQ.FTS.B
,
5
.725
%
,
2/03/26
....
1,870
1,801
a
8055212.SQ.FTS.B
,
6
.148
%
,
2/03/26
....
690
646
a
8054631.SQ.FTS.B
,
6
.169
%
,
2/03/26
....
2,900
2,415
a
8056195.SQ.FTS.B
,
4
.779
%
,
2/04/26
....
2,829
2,770
a
8055348.SQ.FTS.B
,
5
.535
%
,
2/04/26
....
25,550
22,175
a
8056626.SQ.FTS.B
,
4
.745
%
,
2/05/26
....
956
910
a
8056678.SQ.FTS.B
,
4
.779
%
,
2/05/26
....
14,856
14,084
a
8057564.SQ.FTS.B
,
4
.78
%
,
2/05/26
.....
6,383
6,216
a
8057849.SQ.FTS.B
,
4
.78
%
,
2/05/26
.....
15,984
14,106
a
8059113.SQ.FTS.B
,
4
.78
%
,
2/05/26
.....
12,554
12,133
a
8056533.SQ.FTS.B
,
5
.341
%
,
2/05/26
....
1,607
1,551
a
8059030.SQ.FTS.B
,
5
.349
%
,
2/05/26
....
3,358
3,242
a
8059733.SQ.FTS.B
,
5
.54
%
,
2/05/26
.....
1,232
1,193
a
8058629.SQ.FTS.B
,
5
.723
%
,
2/05/26
....
14,191
12,630
a
8059762.SQ.FTS.B
,
6
.163
%
,
2/05/26
....
6,553
6,450
a
8056596.SQ.FTS.B
,
6
.296
%
,
2/05/26
....
388
379
a
8056576.SQ.FTS.B
,
6
.477
%
,
2/05/26
....
669
600
a
8059550.SQ.FTS.B
,
6
.479
%
,
2/05/26
....
4,336
3,954
a
8060137.SQ.FTS.B
,
4
.778
%
,
2/06/26
....
5,272
5,062
a
8060499.SQ.FTS.B
,
4
.78
%
,
2/06/26
.....
26,374
25,112
a
8061716.SQ.FTS.B
,
4
.78
%
,
2/06/26
.....
22,936
22,149
a
8060441.SQ.FTS.B
,
5
.081
%
,
2/06/26
....
662
653
a
8062345.SQ.FTS.B
,
5
.094
%
,
2/06/26
....
33,537
33,067
a
8066149.SQ.FTS.B
,
4
.755
%
,
2/07/26
....
863
822
a
8064844.SQ.FTS.B
,
4
.777
%
,
2/07/26
....
1,679
1,653
a
8065009.SQ.FTS.B
,
4
.78
%
,
2/07/26
.....
3,486
3,367
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8065179.SQ.FTS.B
,
4
.78
%
,
2/07/26
.....
$
20,628
$
20,021
a
8064804.SQ.FTS.B
,
5
.115
%
,
2/07/26
....
814
792
a
8066274.SQ.FTS.B
,
5
.346
%
,
2/07/26
....
7,959
7,739
a
8064768.SQ.FTS.B
,
5
.367
%
,
2/07/26
....
783
762
a
8066050.SQ.FTS.B
,
5
.534
%
,
2/07/26
....
3,505
3,378
a
8066199.SQ.FTS.B
,
5
.535
%
,
2/07/26
....
4,759
4,638
a
8065133.SQ.FTS.B
,
5
.736
%
,
2/07/26
....
1,175
1,147
a
8063865.SQ.FTS.B
,
6
.164
%
,
2/07/26
....
10,488
10,264
a
8066446.SQ.FTS.B
,
6
.164
%
,
2/07/26
....
18,485
15,305
a
8070073.SQ.FTS.B
,
4
.78
%
,
2/08/26
.....
3,686
3,589
a
8072491.SQ.FTS.B
,
4
.78
%
,
2/08/26
.....
17,166
7,812
a
8071591.SQ.FTS.B
,
4
.781
%
,
2/08/26
....
10,560
10,418
a
8072353.SQ.FTS.B
,
4
.781
%
,
2/08/26
....
5,353
5,191
a
8070664.SQ.FTS.B
,
4
.803
%
,
2/08/26
....
1,009
497
a
8072064.SQ.FTS.B
,
5
.093
%
,
2/08/26
....
5,849
5,784
a
8070742.SQ.FTS.B
,
5
.347
%
,
2/08/26
....
8,556
8,436
a
8071458.SQ.FTS.B
,
5
.433
%
,
2/08/26
....
1,795
1,686
a
8069595.SQ.FTS.B
,
5
.53
%
,
2/08/26
.....
1,721
1,698
a
8072469.SQ.FTS.B
,
5
.552
%
,
2/08/26
....
552
544
a
8069069.SQ.FTS.B
,
5
.724
%
,
2/08/26
....
9,311
9,047
a
8069013.SQ.FTS.B
,
5
.898
%
,
2/08/26
....
446
438
a
8070315.SQ.FTS.B
,
5
.902
%
,
2/08/26
....
1,731
1,224
a
8070361.SQ.FTS.B
,
6
.164
%
,
2/08/26
....
2,117
2,022
a
8070702.SQ.FTS.B
,
6
.165
%
,
2/08/26
....
1,201
1,126
a
8070499.SQ.FTS.B
,
6
.289
%
,
2/08/26
....
1,455
830
a
8073193.SQ.FTS.B
,
4
.778
%
,
2/09/26
....
3,578
3,502
a
8074271.SQ.FTS.B
,
4
.779
%
,
2/09/26
....
5,960
5,813
a
8073909.SQ.FTS.B
,
4
.78
%
,
2/09/26
.....
3,222
3,064
a
8074535.SQ.FTS.B
,
4
.78
%
,
2/09/26
.....
46,656
44,292
a
8072910.SQ.FTS.B
,
4
.783
%
,
2/09/26
....
3,654
3,588
a
8075822.SQ.FTS.B
,
4
.796
%
,
2/09/26
....
994
971
a
8073562.SQ.FTS.B
,
5
.097
%
,
2/09/26
....
3,485
3,439
a
8074449.SQ.FTS.B
,
5
.916
%
,
2/09/26
....
3,961
3,462
a
8073409.SQ.FTS.B
,
6
.296
%
,
2/09/26
....
1,599
962
a
8074028.SQ.FTS.B
,
6
.478
%
,
2/09/26
....
8,250
7,760
a
8076339.SQ.FTS.B
,
4
.753
%
,
2/10/26
....
759
741
a
8076636.SQ.FTS.B
,
4
.776
%
,
2/10/26
....
547
204
a
8076022.SQ.FTS.B
,
4
.78
%
,
2/10/26
.....
14,363
12,514
a
8076492.SQ.FTS.B
,
4
.783
%
,
2/10/26
....
5,560
5,392
a
8076650.SQ.FTS.B
,
5
.094
%
,
2/10/26
....
16,249
15,806
a
8077333.SQ.FTS.B
,
5
.346
%
,
2/11/26
....
2,703
2,627
a
8077416.SQ.FTS.B
,
5
.89
%
,
2/11/26
.....
701
671
a
8077435.SQ.FTS.B
,
5
.91
%
,
2/11/26
.....
2,438
2,390
a
8077077.SQ.FTS.B
,
6
.289
%
,
2/11/26
....
9,470
7,486
a
8077544.SQ.FTS.B
,
6
.289
%
,
2/11/26
....
2,045
1,980
a
8077961.SQ.FTS.B
,
4
.777
%
,
2/12/26
....
2,679
2,613
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
48
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8078020.SQ.FTS.B
,
4
.78
%
,
2/12/26
.....
$
4,811
$
4,705
a
8078364.SQ.FTS.B
,
4
.78
%
,
2/12/26
.....
17,371
17,012
a
8080348.SQ.FTS.B
,
4
.78
%
,
2/12/26
.....
22,898
22,230
a
8081277.SQ.FTS.B
,
4
.782
%
,
2/12/26
....
4,110
4,056
a
8079556.SQ.FTS.B
,
5
.095
%
,
2/12/26
....
24,829
24,265
a
8079477.SQ.FTS.B
,
5
.443
%
,
2/12/26
....
1,778
1,692
a
8078243.SQ.FTS.B
,
6
.164
%
,
2/12/26
....
2,338
1,946
a
8082159.SQ.FTS.B
,
4
.778
%
,
2/13/26
....
4,971
4,788
a
8082523.SQ.FTS.B
,
4
.779
%
,
2/13/26
....
6,568
6,371
a
8083370.SQ.FTS.B
,
4
.78
%
,
2/13/26
.....
51,074
49,618
a
8083196.SQ.FTS.B
,
5
.347
%
,
2/13/26
....
9,000
6,927
a
8083106.SQ.FTS.B
,
5
.35
%
,
2/13/26
.....
2,945
2,696
a
8082423.SQ.FTS.B
,
5
.435
%
,
2/13/26
....
256
251
a
8081572.SQ.FTS.B
,
5
.534
%
,
2/13/26
....
5,799
5,687
a
8082926.SQ.FTS.B
,
6
.167
%
,
2/13/26
....
4,995
4,696
a
8083180.SQ.FTS.B
,
6
.28
%
,
2/13/26
.....
775
734
a
8083171.SQ.FTS.B
,
6
.289
%
,
2/13/26
....
537
468
a
8086242.SQ.FTS.B
,
4
.772
%
,
2/14/26
....
407
389
a
8085601.SQ.FTS.B
,
4
.782
%
,
2/14/26
....
11,736
10,276
a
8087114.SQ.FTS.B
,
5
.094
%
,
2/14/26
....
28,176
27,009
a
8087728.SQ.FTS.B
,
5
.534
%
,
2/14/26
....
16,609
16,393
a
8086401.SQ.FTS.B
,
5
.723
%
,
2/14/26
....
28,462
27,015
a
8084846.SQ.FTS.B
,
6
.169
%
,
2/14/26
....
4,724
3,967
a
8085571.SQ.FTS.B
,
6
.289
%
,
2/14/26
....
208
204
a
8085032.SQ.FTS.B
,
6
.48
%
,
2/14/26
.....
9,808
8,326
a
8086284.SQ.FTS.B
,
6
.491
%
,
2/14/26
....
894
867
a
8090285.SQ.FTS.B
,
4
.78
%
,
2/15/26
.....
8,875
8,648
a
8091892.SQ.FTS.B
,
4
.78
%
,
2/15/26
.....
3,248
3,166
a
8092045.SQ.FTS.B
,
4
.78
%
,
2/15/26
.....
10,269
10,094
a
8092538.SQ.FTS.B
,
4
.78
%
,
2/15/26
.....
8,872
8,608
a
8093559.SQ.FTS.B
,
4
.783
%
,
2/15/26
....
4,131
4,053
a
8091464.SQ.FTS.B
,
5
.092
%
,
2/15/26
....
9,232
8,789
a
8092751.SQ.FTS.B
,
5
.094
%
,
2/15/26
....
16,110
14,973
a
8092426.SQ.FTS.B
,
5
.097
%
,
2/15/26
....
3,817
3,713
a
8090178.SQ.FTS.B
,
5
.346
%
,
2/15/26
....
1,492
1,457
a
8090027.SQ.FTS.B
,
5
.904
%
,
2/15/26
....
1,463
1,401
a
8090121.SQ.FTS.B
,
5
.925
%
,
2/15/26
....
150
149
a
8091360.SQ.FTS.B
,
6
.285
%
,
2/15/26
....
1,901
1,753
a
8093500.SQ.FTS.B
,
6
.296
%
,
2/15/26
....
1,673
1,313
a
8093337.SQ.FTS.B
,
6
.476
%
,
2/15/26
....
3,601
3,397
a
8095806.SQ.FTS.B
,
4
.779
%
,
2/16/26
....
5,109
5,002
a
8093903.SQ.FTS.B
,
4
.78
%
,
2/16/26
.....
16,610
15,793
a
8096821.SQ.FTS.B
,
4
.78
%
,
2/16/26
.....
17,141
16,669
a
8094706.SQ.FTS.B
,
4
.786
%
,
2/16/26
....
3,318
3,166
a
8096104.SQ.FTS.B
,
5
.094
%
,
2/16/26
....
9,119
8,958
a
8095985.SQ.FTS.B
,
5
.098
%
,
2/16/26
....
3,504
3,425
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8095603.SQ.FTS.B
,
5
.346
%
,
2/16/26
....
$
4,772
$
4,561
a
8095020.SQ.FTS.B
,
5
.912
%
,
2/16/26
....
16,939
16,233
a
8093884.SQ.FTS.B
,
5
.915
%
,
2/16/26
....
552
537
a
8093625.SQ.FTS.B
,
6
.155
%
,
2/16/26
....
1,794
1,691
a
8094892.SQ.FTS.B
,
6
.165
%
,
2/16/26
....
3,406
3,244
a
8094844.SQ.FTS.B
,
6
.189
%
,
2/16/26
....
644
623
a
8097276.SQ.FTS.B
,
4
.746
%
,
2/17/26
....
617
573
a
8097670.SQ.FTS.B
,
4
.776
%
,
2/17/26
....
3,636
3,457
a
8097302.SQ.FTS.B
,
4
.779
%
,
2/17/26
....
6,113
5,967
a
8097128.SQ.FTS.B
,
5
.093
%
,
2/17/26
....
2,283
2,217
a
8097460.SQ.FTS.B
,
5
.348
%
,
2/17/26
....
3,921
3,877
a
8097069.SQ.FTS.B
,
5
.716
%
,
2/17/26
....
2,448
2,325
a
8097744.SQ.FTS.B
,
5
.723
%
,
2/17/26
....
1,831
1,739
a
8097051.SQ.FTS.B
,
5
.897
%
,
2/17/26
....
1,152
1,069
a
8097211.SQ.FTS.B
,
5
.909
%
,
2/17/26
....
3,309
1,277
a
8096998.SQ.FTS.B
,
5
.912
%
,
2/17/26
....
888
869
a
8097993.SQ.FTS.B
,
4
.778
%
,
2/18/26
....
3,325
3,235
a
8097883.SQ.FTS.B
,
4
.78
%
,
2/18/26
.....
3,354
3,276
a
8098241.SQ.FTS.B
,
5
.092
%
,
2/18/26
....
3,833
3,680
a
8098050.SQ.FTS.B
,
5
.094
%
,
2/18/26
....
4,806
4,736
a
8098680.SQ.FTS.B
,
5
.095
%
,
2/18/26
....
17,546
8,526
a
8098527.SQ.FTS.B
,
5
.72
%
,
2/18/26
.....
4,764
3,515
a
8098336.SQ.FTS.B
,
5
.727
%
,
2/18/26
....
2,914
2,861
a
8097963.SQ.FTS.B
,
5
.9
%
,
2/18/26
......
1,162
1,111
a
8102535.SQ.FTS.B
,
4
.767
%
,
2/19/26
....
749
648
a
8100096.SQ.FTS.B
,
4
.777
%
,
2/19/26
....
4,677
4,564
a
8099593.SQ.FTS.B
,
4
.78
%
,
2/19/26
.....
5,532
5,401
a
8101054.SQ.FTS.B
,
4
.78
%
,
2/19/26
.....
9,019
8,742
a
8099959.SQ.FTS.B
,
4
.781
%
,
2/19/26
....
2,117
2,064
a
8100268.SQ.FTS.B
,
5
.094
%
,
2/19/26
....
2,964
2,878
a
8100066.SQ.FTS.B
,
5
.439
%
,
2/19/26
....
285
278
a
8101224.SQ.FTS.B
,
5
.533
%
,
2/19/26
....
12,261
11,871
a
8100592.SQ.FTS.B
,
5
.912
%
,
2/19/26
....
22,292
17,041
a
8101779.SQ.FTS.B
,
5
.912
%
,
2/19/26
....
17,412
12,515
a
8102325.SQ.FTS.B
,
5
.914
%
,
2/19/26
....
5,170
4,796
a
8099364.SQ.FTS.B
,
5
.917
%
,
2/19/26
....
3,898
3,619
a
8100394.SQ.FTS.B
,
6
.174
%
,
2/19/26
....
810
777
a
8101689.SQ.FTS.B
,
6
.298
%
,
2/19/26
....
1,673
1,585
a
8104468.SQ.FTS.B
,
4
.782
%
,
2/20/26
....
3,129
3,056
a
8103231.SQ.FTS.B
,
4
.786
%
,
2/20/26
....
3,411
3,225
a
8104527.SQ.FTS.B
,
4
.793
%
,
2/20/26
....
258
237
a
8103367.SQ.FTS.B
,
5
.094
%
,
2/20/26
....
11,551
11,390
a
8104606.SQ.FTS.B
,
5
.095
%
,
2/20/26
....
40,646
37,944
a
8102570.SQ.FTS.B
,
5
.097
%
,
2/20/26
....
1,403
1,379
a
8104313.SQ.FTS.B
,
5
.66
%
,
2/20/26
.....
1,261
1,112
a
8104564.SQ.FTS.B
,
5
.715
%
,
2/20/26
....
990
969
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
49
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8104275.SQ.FTS.B
,
5
.717
%
,
2/20/26
....
$
951
$
932
a
8105362.SQ.FTS.B
,
5
.724
%
,
2/20/26
....
15,409
15,272
a
8103156.SQ.FTS.B
,
6
.161
%
,
2/20/26
....
1,196
1,005
a
8102699.SQ.FTS.B
,
6
.284
%
,
2/20/26
....
893
870
a
8104579.SQ.FTS.B
,
6
.474
%
,
2/20/26
....
2,826
2,200
a
8108969.SQ.FTS.B
,
5
.095
%
,
2/21/26
....
19,872
19,428
a
8107377.SQ.FTS.B
,
5
.096
%
,
2/21/26
....
14,257
13,830
a
8111412.SQ.FTS.B
,
5
.099
%
,
2/21/26
....
4,027
3,937
a
8108839.SQ.FTS.B
,
5
.112
%
,
2/21/26
....
2,995
2,895
a
8108099.SQ.FTS.B
,
5
.114
%
,
2/21/26
....
31,295
29,212
a
8106736.SQ.FTS.B
,
5
.409
%
,
2/21/26
....
14,079
12,917
a
8107806.SQ.FTS.B
,
6
.164
%
,
2/21/26
....
6,059
5,985
a
8112121.SQ.FTS.B
,
4
.78
%
,
2/22/26
.....
4,212
4,105
a
8113289.SQ.FTS.B
,
4
.78
%
,
2/22/26
.....
2,612
2,542
a
8111792.SQ.FTS.B
,
4
.782
%
,
2/22/26
....
1,600
1,577
a
8114304.SQ.FTS.B
,
5
.094
%
,
2/22/26
....
31,361
30,727
a
8111948.SQ.FTS.B
,
5
.405
%
,
2/22/26
....
2,040
1,967
a
8112596.SQ.FTS.B
,
5
.408
%
,
2/22/26
....
14,103
13,731
a
8112530.SQ.FTS.B
,
6
.147
%
,
2/22/26
....
1,729
1,597
a
8113377.SQ.FTS.B
,
6
.164
%
,
2/22/26
....
22,070
21,597
a
8112490.SQ.FTS.B
,
6
.276
%
,
2/22/26
....
694
559
a
8113190.SQ.FTS.B
,
6
.543
%
,
2/22/26
....
3,297
3,022
a
8115327.SQ.FTS.B
,
4
.779
%
,
2/23/26
....
14,727
14,313
a
8118368.SQ.FTS.B
,
5
.094
%
,
2/23/26
....
30,630
29,323
a
8117071.SQ.FTS.B
,
5
.667
%
,
2/23/26
....
3,590
3,268
a
8117156.SQ.FTS.B
,
6
.152
%
,
2/23/26
....
29,130
26,899
a
8116876.SQ.FTS.B
,
6
.16
%
,
2/23/26
.....
644
623
a
8118066.SQ.FTS.B
,
6
.164
%
,
2/23/26
....
2,241
2,188
a
8116722.SQ.FTS.B
,
6
.184
%
,
2/23/26
....
647
625
a
8116348.SQ.FTS.B
,
6
.289
%
,
2/23/26
....
11,923
9,488
a
8116909.SQ.FTS.B
,
6
.478
%
,
2/23/26
....
1,417
1,398
a
8118334.SQ.FTS.B
,
6
.535
%
,
2/23/26
....
577
566
a
8118946.SQ.FTS.B
,
4
.777
%
,
2/24/26
....
5,811
5,618
a
8118872.SQ.FTS.B
,
4
.78
%
,
2/24/26
.....
2,896
2,811
a
8119177.SQ.FTS.B
,
4
.78
%
,
2/24/26
.....
9,902
9,586
a
8119488.SQ.FTS.B
,
5
.413
%
,
2/24/26
....
2,692
2,624
a
8118658.SQ.FTS.B
,
5
.66
%
,
2/24/26
.....
4,451
4,362
a
8119065.SQ.FTS.B
,
6
.155
%
,
2/24/26
....
6,255
2,378
a
8119443.SQ.FTS.B
,
6
.412
%
,
2/24/26
....
855
842
a
8119418.SQ.FTS.B
,
6
.552
%
,
2/24/26
....
1,342
1,183
a
8119975.SQ.FTS.B
,
4
.778
%
,
2/25/26
....
1,175
1,155
a
8119932.SQ.FTS.B
,
4
.78
%
,
2/25/26
.....
1,802
1,757
a
8120018.SQ.FTS.B
,
4
.784
%
,
2/25/26
....
3,764
3,668
a
8119612.SQ.FTS.B
,
5
.102
%
,
2/25/26
....
2,826
2,385
a
8119694.SQ.FTS.B
,
6
.15
%
,
2/25/26
.....
9,428
9,022
a
8122177.SQ.FTS.B
,
4
.78
%
,
2/26/26
.....
4,875
4,775
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8122481.SQ.FTS.B
,
4
.78
%
,
2/26/26
.....
$
29,343
$
25,887
a
8121649.SQ.FTS.B
,
4
.781
%
,
2/26/26
....
12,716
12,050
a
8123226.SQ.FTS.B
,
5
.113
%
,
2/26/26
....
47,770
46,412
a
8120943.SQ.FTS.B
,
5
.66
%
,
2/26/26
.....
9,011
8,730
a
8122041.SQ.FTS.B
,
6
.427
%
,
2/26/26
....
3,858
3,529
a
8122110.SQ.FTS.B
,
6
.428
%
,
2/26/26
....
1,924
1,806
a
8125247.SQ.FTS.B
,
4
.749
%
,
2/27/26
....
3,426
2,770
a
8124889.SQ.FTS.B
,
4
.778
%
,
2/27/26
....
5,159
4,951
a
8126879.SQ.FTS.B
,
4
.78
%
,
2/27/26
.....
18,698
18,194
a
8127537.SQ.FTS.B
,
4
.78
%
,
2/27/26
.....
15,760
15,568
a
8126390.SQ.FTS.B
,
4
.781
%
,
2/27/26
....
12,006
11,827
a
8124450.SQ.FTS.B
,
4
.784
%
,
2/27/26
....
4,295
4,167
a
8125929.SQ.FTS.B
,
5
.094
%
,
2/27/26
....
15,453
14,390
a
8124817.SQ.FTS.B
,
5
.644
%
,
2/27/26
....
1,649
741
a
8127458.SQ.FTS.B
,
6
.546
%
,
2/27/26
....
1,036
1,015
a
8129699.SQ.FTS.B
,
4
.78
%
,
2/28/26
.....
25,381
24,997
a
8130754.SQ.FTS.B
,
4
.78
%
,
2/28/26
.....
18,605
18,068
a
8137296.SQ.FTS.B
,
4
.78
%
,
2/28/26
.....
3,917
3,802
a
8137741.SQ.FTS.B
,
4
.78
%
,
2/28/26
.....
2,376
2,324
a
8139474.SQ.FTS.B
,
4
.78
%
,
2/28/26
.....
2,198
2,125
a
8140581.SQ.FTS.B
,
4
.78
%
,
2/28/26
.....
2,394
2,010
a
8140628.SQ.FTS.B
,
4
.78
%
,
2/28/26
.....
61,230
59,600
a
8142637.SQ.FTS.B
,
4
.78
%
,
2/28/26
.....
16,887
16,152
a
8128112.SQ.FTS.B
,
4
.782
%
,
2/28/26
....
4,249
4,154
a
8137603.SQ.FTS.B
,
4
.782
%
,
2/28/26
....
7,706
7,281
a
8139068.SQ.FTS.B
,
4
.784
%
,
2/28/26
....
3,508
3,419
a
8129631.SQ.FTS.B
,
4
.791
%
,
2/28/26
....
1,763
1,715
a
8137845.SQ.FTS.B
,
5
.095
%
,
2/28/26
....
9,976
9,778
a
8130505.SQ.FTS.B
,
5
.11
%
,
2/28/26
.....
1,766
1,739
a
8139604.SQ.FTS.B
,
5
.114
%
,
2/28/26
....
12,895
12,505
a
8138201.SQ.FTS.B
,
5
.66
%
,
2/28/26
.....
26,376
25,099
a
8143192.SQ.FTS.B
,
5
.66
%
,
2/28/26
.....
18,144
17,484
a
8140262.SQ.FTS.B
,
5
.664
%
,
2/28/26
....
4,438
4,315
a
8137228.SQ.FTS.B
,
5
.668
%
,
2/28/26
....
3,903
2,984
a
8143061.SQ.FTS.B
,
5
.914
%
,
2/28/26
....
4,523
4,299
a
8139332.SQ.FTS.B
,
6
.318
%
,
2/28/26
....
889
862
a
8131155.SQ.FTS.B
,
6
.42
%
,
2/28/26
.....
9,223
8,931
a
8128415.SQ.FTS.B
,
6
.422
%
,
2/28/26
....
9,365
9,268
a
8139400.SQ.FTS.B
,
6
.423
%
,
2/28/26
....
1,241
1,131
a
8137495.SQ.FTS.B
,
6
.424
%
,
2/28/26
....
5,291
4,529
a
8143858.SQ.FTS.B
,
4
.778
%
,
3/01/26
....
2,354
2,296
a
8143690.SQ.FTS.B
,
4
.78
%
,
3/01/26
.....
4,805
4,680
a
8143927.SQ.FTS.B
,
4
.78
%
,
3/01/26
.....
11,523
10,914
a
8144185.SQ.FTS.B
,
4
.782
%
,
3/01/26
....
7,316
7,112
a
8143816.SQ.FTS.B
,
5
.66
%
,
3/01/26
.....
759
747
a
8143641.SQ.FTS.B
,
5
.905
%
,
3/01/26
....
2,752
2,452
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
50
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8144707.SQ.FTS.B
,
4
.774
%
,
3/02/26
....
$
1,979
$
1,919
a
8144789.SQ.FTS.B
,
4
.778
%
,
3/02/26
....
8,710
8,413
a
8144631.SQ.FTS.B
,
4
.779
%
,
3/02/26
....
8,595
8,089
a
8144737.SQ.FTS.B
,
4
.78
%
,
3/02/26
.....
2,222
2,123
a
8144568.SQ.FTS.B
,
5
.104
%
,
3/02/26
....
2,405
2,285
a
8145091.SQ.FTS.B
,
5
.407
%
,
3/02/26
....
7,053
6,804
a
8144464.SQ.FTS.B
,
5
.408
%
,
3/02/26
....
1,570
1,512
a
8144915.SQ.FTS.B
,
5
.66
%
,
3/02/26
.....
4,692
4,404
a
8145075.SQ.FTS.B
,
5
.66
%
,
3/02/26
.....
1,116
1,078
a
8145239.SQ.FTS.B
,
5
.915
%
,
3/02/26
....
2,511
2,453
a
8144773.SQ.FTS.B
,
6
.418
%
,
3/02/26
....
746
728
a
8145315.SQ.FTS.B
,
6
.421
%
,
3/02/26
....
12,212
11,945
a
8144518.SQ.FTS.B
,
6
.434
%
,
3/02/26
....
828
814
a
8149082.SQ.FTS.B
,
4
.781
%
,
3/03/26
....
6,589
6,289
a
8147240.SQ.FTS.B
,
4
.783
%
,
3/03/26
....
4,438
4,233
a
8148045.SQ.FTS.B
,
4
.784
%
,
3/03/26
....
3,544
3,423
a
8146554.SQ.FTS.B
,
5
.112
%
,
3/03/26
....
6,249
6,064
a
8148343.SQ.FTS.B
,
5
.407
%
,
3/03/26
....
7,682
7,565
a
8148738.SQ.FTS.B
,
5
.66
%
,
3/03/26
.....
8,031
7,771
a
8149055.SQ.FTS.B
,
6
.15
%
,
3/03/26
.....
849
831
a
8148149.SQ.FTS.B
,
6
.421
%
,
3/03/26
....
2,612
2,565
a
8147390.SQ.FTS.B
,
6
.547
%
,
3/03/26
....
25,381
23,400
a
8149284.SQ.FTS.B
,
6
.547
%
,
3/03/26
....
6,016
5,369
a
8152742.SQ.FTS.B
,
4
.781
%
,
3/04/26
....
9,739
9,491
a
8152971.SQ.FTS.B
,
4
.781
%
,
3/04/26
....
7,370
6,951
a
8151992.SQ.FTS.B
,
5
.114
%
,
3/04/26
....
13,200
12,989
a
8151780.SQ.FTS.B
,
5
.115
%
,
3/04/26
....
8,522
8,324
a
8149469.SQ.FTS.B
,
5
.66
%
,
3/04/26
.....
50,194
49,058
a
8152476.SQ.FTS.B
,
6
.15
%
,
3/04/26
.....
11,758
11,118
a
8152425.SQ.FTS.B
,
6
.667
%
,
3/04/26
....
1,411
1,362
a
8158709.SQ.FTS.B
,
4
.778
%
,
3/05/26
....
10,223
9,860
a
8156729.SQ.FTS.B
,
4
.779
%
,
3/05/26
....
38,687
37,461
a
8155465.SQ.FTS.B
,
4
.78
%
,
3/05/26
.....
5,408
5,242
a
8158896.SQ.FTS.B
,
4
.78
%
,
3/05/26
.....
7,304
7,015
a
8155408.SQ.FTS.B
,
5
.11
%
,
3/05/26
.....
766
754
a
8155930.SQ.FTS.B
,
5
.114
%
,
3/05/26
....
6,858
6,777
a
8156604.SQ.FTS.B
,
5
.402
%
,
3/05/26
....
1,864
1,802
a
8157783.SQ.FTS.B
,
5
.66
%
,
3/05/26
.....
21,680
21,085
a
8158885.SQ.FTS.B
,
5
.92
%
,
3/05/26
.....
1,852
1,354
a
8155026.SQ.FTS.B
,
6
.151
%
,
3/05/26
....
7,815
7,399
a
8158568.SQ.FTS.B
,
6
.327
%
,
3/05/26
....
4,190
3,967
a
8155880.SQ.FTS.B
,
6
.543
%
,
3/05/26
....
989
603
a
8156663.SQ.FTS.B
,
6
.671
%
,
3/05/26
....
2,070
1,978
a
8160326.SQ.FTS.B
,
4
.779
%
,
3/06/26
....
3,872
3,689
a
8160480.SQ.FTS.B
,
4
.78
%
,
3/06/26
.....
14,136
13,673
a
8162148.SQ.FTS.B
,
4
.783
%
,
3/06/26
....
2,960
2,866
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8159653.SQ.FTS.B
,
5
.094
%
,
3/06/26
....
$
752
$
713
a
8161994.SQ.FTS.B
,
5
.646
%
,
3/06/26
....
1,287
1,192
a
8159478.SQ.FTS.B
,
5
.66
%
,
3/06/26
.....
3,374
3,207
a
8160802.SQ.FTS.B
,
5
.66
%
,
3/06/26
.....
33,819
32,716
a
8159704.SQ.FTS.B
,
5
.913
%
,
3/06/26
....
13,313
12,790
a
8159145.SQ.FTS.B
,
6
.325
%
,
3/06/26
....
6,856
6,578
a
8162107.SQ.FTS.B
,
6
.416
%
,
3/06/26
....
801
786
a
8162648.SQ.FTS.B
,
4
.773
%
,
3/07/26
....
2,386
2,327
a
8162998.SQ.FTS.B
,
5
.409
%
,
3/07/26
....
22,053
21,375
a
8162394.SQ.FTS.B
,
5
.66
%
,
3/07/26
.....
1,836
1,786
a
8162974.SQ.FTS.B
,
5
.679
%
,
3/07/26
....
1,213
1,151
a
8162699.SQ.FTS.B
,
6
.328
%
,
3/07/26
....
7,674
7,429
a
8162440.SQ.FTS.B
,
6
.421
%
,
3/07/26
....
10,110
9,225
a
8163975.SQ.FTS.B
,
4
.779
%
,
3/08/26
....
15,081
14,614
a
8163527.SQ.FTS.B
,
4
.785
%
,
3/08/26
....
4,208
4,073
a
8163891.SQ.FTS.B
,
6
.146
%
,
3/08/26
....
2,712
2,616
a
8163854.SQ.FTS.B
,
6
.157
%
,
3/08/26
....
1,649
1,579
a
8163620.SQ.FTS.B
,
6
.327
%
,
3/08/26
....
7,266
6,981
a
8163826.SQ.FTS.B
,
6
.4
%
,
3/08/26
......
1,035
943
a
8165389.SQ.FTS.B
,
4
.78
%
,
3/09/26
.....
3,507
3,391
a
8165492.SQ.FTS.B
,
4
.78
%
,
3/09/26
.....
9,946
9,595
a
8166222.SQ.FTS.B
,
4
.783
%
,
3/09/26
....
4,359
4,199
a
8166083.SQ.FTS.B
,
5
.403
%
,
3/09/26
....
3,020
2,919
a
8165084.SQ.FTS.B
,
5
.41
%
,
3/09/26
.....
11,638
2,553
a
8166189.SQ.FTS.B
,
5
.66
%
,
3/09/26
.....
800
781
a
8166826.SQ.FTS.B
,
5
.912
%
,
3/09/26
....
40,733
39,891
a
8166378.SQ.FTS.B
,
6
.148
%
,
3/09/26
....
3,186
3,111
a
8166640.SQ.FTS.B
,
6
.149
%
,
3/09/26
....
5,007
4,926
a
8164934.SQ.FTS.B
,
6
.159
%
,
3/09/26
....
1,261
927
a
8165043.SQ.FTS.B
,
6
.348
%
,
3/09/26
....
1,274
676
a
8166162.SQ.FTS.B
,
6
.412
%
,
3/09/26
....
1,765
1,213
a
8166039.SQ.FTS.B
,
6
.43
%
,
3/09/26
.....
1,069
1,045
a
8166313.SQ.FTS.B
,
6
.667
%
,
3/09/26
....
1,968
1,876
a
8165774.SQ.FTS.B
,
6
.673
%
,
3/09/26
....
6,902
5,374
a
8166633.SQ.FTS.B
,
6
.687
%
,
3/09/26
....
293
286
a
8167907.SQ.FTS.B
,
4
.777
%
,
3/10/26
....
3,836
3,737
a
8171317.SQ.FTS.B
,
4
.779
%
,
3/10/26
....
13,226
12,806
a
8169199.SQ.FTS.B
,
4
.78
%
,
3/10/26
.....
47,860
46,362
a
8171151.SQ.FTS.B
,
4
.78
%
,
3/10/26
.....
2,466
2,404
a
8168375.SQ.FTS.B
,
4
.781
%
,
3/10/26
....
13,592
13,154
a
8171274.SQ.FTS.B
,
4
.958
%
,
3/10/26
....
1,416
1,110
a
8167762.SQ.FTS.B
,
5
.105
%
,
3/10/26
....
1,397
1,295
a
8170828.SQ.FTS.B
,
5
.66
%
,
3/10/26
.....
1,393
1,260
a
8168187.SQ.FTS.B
,
5
.907
%
,
3/10/26
....
2,129
1,982
a
8171092.SQ.FTS.B
,
6
.164
%
,
3/10/26
....
1,168
1,126
a
8170878.SQ.FTS.B
,
6
.546
%
,
3/10/26
....
6,328
6,070
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
51
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8173310.SQ.FTS.B
,
4
.779
%
,
3/11/26
....
$
36,332
$
35,170
a
8171482.SQ.FTS.B
,
4
.956
%
,
3/11/26
....
6,574
6,233
a
8172765.SQ.FTS.B
,
6
.542
%
,
3/11/26
....
2,094
2,051
a
8171974.SQ.FTS.B
,
6
.548
%
,
3/11/26
....
10,010
9,687
a
8180242.SQ.FTS.B
,
4
.775
%
,
3/12/26
....
3,647
3,515
a
8177398.SQ.FTS.B
,
4
.779
%
,
3/12/26
....
16,895
16,065
a
8180367.SQ.FTS.B
,
4
.779
%
,
3/12/26
....
1,857
1,769
a
8178539.SQ.FTS.B
,
4
.78
%
,
3/12/26
.....
12,437
11,736
a
8178839.SQ.FTS.B
,
4
.78
%
,
3/12/26
.....
50,873
48,035
a
8180118.SQ.FTS.B
,
4
.78
%
,
3/12/26
.....
4,420
4,256
a
8176747.SQ.FTS.B
,
4
.781
%
,
3/12/26
....
6,586
6,404
a
8177107.SQ.FTS.B
,
4
.784
%
,
3/12/26
....
3,874
3,782
a
8177307.SQ.FTS.B
,
5
.104
%
,
3/12/26
....
2,569
2,429
a
8179981.SQ.FTS.B
,
6
.153
%
,
3/12/26
....
5,407
5,202
a
8178145.SQ.FTS.B
,
6
.329
%
,
3/12/26
....
4,017
3,936
a
8180403.SQ.FTS.B
,
6
.547
%
,
3/12/26
....
15,912
15,483
a
8184238.SQ.FTS.B
,
4
.777
%
,
3/13/26
....
7,680
7,321
a
8180951.SQ.FTS.B
,
4
.78
%
,
3/13/26
.....
3,139
2,988
a
8182649.SQ.FTS.B
,
5
.114
%
,
3/13/26
....
33,479
32,986
a
8182507.SQ.FTS.B
,
5
.117
%
,
3/13/26
....
3,396
3,286
a
8181148.SQ.FTS.B
,
5
.628
%
,
3/13/26
....
3,454
191
a
8181974.SQ.FTS.B
,
5
.666
%
,
3/13/26
....
5,410
1,599
a
8181078.SQ.FTS.B
,
6
.148
%
,
3/13/26
....
677
653
a
8180916.SQ.FTS.B
,
6
.346
%
,
3/13/26
....
1,565
841
a
8181282.SQ.FTS.B
,
6
.422
%
,
3/13/26
....
9,695
9,402
a
8182120.SQ.FTS.B
,
6
.422
%
,
3/13/26
....
8,362
8,112
a
8182460.SQ.FTS.B
,
6
.551
%
,
3/13/26
....
538
523
a
8184741.SQ.FTS.B
,
4
.779
%
,
3/14/26
....
15,909
15,011
a
8184484.SQ.FTS.B
,
4
.78
%
,
3/14/26
.....
2,145
2,086
a
8184316.SQ.FTS.B
,
4
.955
%
,
3/14/26
....
4,315
4,158
a
8184581.SQ.FTS.B
,
6
.148
%
,
3/14/26
....
4,200
4,104
a
8185115.SQ.FTS.B
,
6
.149
%
,
3/14/26
....
5,850
5,639
a
8184254.SQ.FTS.B
,
6
.152
%
,
3/14/26
....
2,729
2,531
a
8185313.SQ.FTS.B
,
4
.778
%
,
3/15/26
....
6,229
5,970
a
8185295.SQ.FTS.B
,
5
.101
%
,
3/15/26
....
879
705
a
8185592.SQ.FTS.B
,
5
.114
%
,
3/15/26
....
11,915
11,582
a
8186007.SQ.FTS.B
,
5
.117
%
,
3/15/26
....
535
530
a
8185456.SQ.FTS.B
,
5
.665
%
,
3/15/26
....
3,561
3,467
a
8185556.SQ.FTS.B
,
6
.17
%
,
3/15/26
.....
1,198
1,070
a
8185861.SQ.FTS.B
,
6
.336
%
,
3/15/26
....
2,016
1,578
a
8185910.SQ.FTS.B
,
6
.669
%
,
3/15/26
....
2,851
2,747
a
8185551.SQ.FTS.B
,
6
.709
%
,
3/15/26
....
450
430
a
8187056.SQ.FTS.B
,
4
.779
%
,
3/16/26
....
40,905
39,493
a
8186234.SQ.FTS.B
,
4
.78
%
,
3/16/26
.....
1,581
1,503
a
8186644.SQ.FTS.B
,
4
.78
%
,
3/16/26
.....
7,332
7,086
a
8188013.SQ.FTS.B
,
5
.113
%
,
3/16/26
....
31,054
30,050
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8186264.SQ.FTS.B
,
5
.66
%
,
3/16/26
.....
$
8,160
$
8,014
a
8189766.SQ.FTS.B
,
6
.151
%
,
3/16/26
....
7,098
6,599
a
8189536.SQ.FTS.B
,
6
.421
%
,
3/16/26
....
14,781
12,813
a
8192800.SQ.FTS.B
,
4
.778
%
,
3/17/26
....
10,631
10,240
a
8190000.SQ.FTS.B
,
4
.779
%
,
3/17/26
....
6,769
6,584
a
8192588.SQ.FTS.B
,
4
.779
%
,
3/17/26
....
3,810
3,620
a
8192987.SQ.FTS.B
,
4
.785
%
,
3/17/26
....
3,891
3,729
a
8193067.SQ.FTS.B
,
5
.112
%
,
3/17/26
....
5,046
4,961
a
8192641.SQ.FTS.B
,
5
.115
%
,
3/17/26
....
14,409
11,963
a
8190366.SQ.FTS.B
,
5
.119
%
,
3/17/26
....
3,885
3,683
a
8190551.SQ.FTS.B
,
5
.409
%
,
3/17/26
....
3,278
3,203
a
8190913.SQ.FTS.B
,
5
.418
%
,
3/17/26
....
2,085
1,646
a
8191003.SQ.FTS.B
,
5
.66
%
,
3/17/26
.....
63,998
60,816
a
8192961.SQ.FTS.B
,
6
.419
%
,
3/17/26
....
1,988
1,928
a
8193236.SQ.FTS.B
,
6
.421
%
,
3/17/26
....
7,301
7,078
a
8194217.SQ.FTS.B
,
4
.773
%
,
3/18/26
....
2,719
2,661
a
8194923.SQ.FTS.B
,
4
.784
%
,
3/18/26
....
951
941
a
8194976.SQ.FTS.B
,
5
.113
%
,
3/18/26
....
44,256
36,561
a
8193726.SQ.FTS.B
,
5
.114
%
,
3/18/26
....
14,703
11,953
a
8195724.SQ.FTS.B
,
5
.666
%
,
3/18/26
....
3,707
3,572
a
8193577.SQ.FTS.B
,
6
.147
%
,
3/18/26
....
3,137
2,992
a
8196041.SQ.FTS.B
,
6
.151
%
,
3/18/26
....
19,517
19,071
a
8196578.SQ.FTS.B
,
6
.151
%
,
3/18/26
....
32,443
30,949
a
8195879.SQ.FTS.B
,
6
.328
%
,
3/18/26
....
3,043
2,945
a
8194420.SQ.FTS.B
,
6
.424
%
,
3/18/26
....
237
235
a
8194434.SQ.FTS.B
,
6
.548
%
,
3/18/26
....
7,481
7,338
a
8193711.SQ.FTS.B
,
6
.688
%
,
3/18/26
....
416
406
a
8201400.SQ.FTS.B
,
5
.114
%
,
3/19/26
....
19,578
19,240
a
8201219.SQ.FTS.B
,
5
.411
%
,
3/19/26
....
2,735
2,654
a
8201286.SQ.FTS.B
,
6
.147
%
,
3/19/26
....
3,190
3,050
a
8202392.SQ.FTS.B
,
6
.289
%
,
3/19/26
....
345
334
a
8202573.SQ.FTS.B
,
6
.333
%
,
3/19/26
....
1,240
1,077
a
8202398.SQ.FTS.B
,
6
.336
%
,
3/19/26
....
1,594
1,494
a
8202617.SQ.FTS.B
,
6
.423
%
,
3/19/26
....
3,610
3,431
a
8202425.SQ.FTS.B
,
6
.425
%
,
3/19/26
....
4,936
4,511
a
8202600.SQ.FTS.B
,
6
.541
%
,
3/19/26
....
1,203
1,109
a
8205847.SQ.FTS.B
,
4
.779
%
,
3/20/26
....
7,688
7,319
a
8202864.SQ.FTS.B
,
4
.78
%
,
3/20/26
.....
3,880
3,715
a
8205291.SQ.FTS.B
,
4
.78
%
,
3/20/26
.....
3,730
3,594
a
8204088.SQ.FTS.B
,
5
.112
%
,
3/20/26
....
4,504
4,385
a
8203009.SQ.FTS.B
,
5
.113
%
,
3/20/26
....
7,725
6,441
a
8205397.SQ.FTS.B
,
5
.116
%
,
3/20/26
....
3,269
3,212
a
8205517.SQ.FTS.B
,
5
.119
%
,
3/20/26
....
2,762
2,710
a
8203270.SQ.FTS.B
,
5
.413
%
,
3/20/26
....
4,029
3,113
a
8205825.SQ.FTS.B
,
5
.614
%
,
3/20/26
....
956
813
a
8204473.SQ.FTS.B
,
5
.66
%
,
3/20/26
.....
2,807
2,745
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
52
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8204771.SQ.FTS.B
,
5
.66
%
,
3/20/26
.....
$
18,072
$
17,402
a
8205976.SQ.FTS.B
,
5
.912
%
,
3/20/26
....
5,141
4,632
a
8204187.SQ.FTS.B
,
5
.913
%
,
3/20/26
....
8,971
8,646
a
8202730.SQ.FTS.B
,
6
.148
%
,
3/20/26
....
2,516
2,374
a
8205369.SQ.FTS.B
,
6
.329
%
,
3/20/26
....
1,746
190
a
8205504.SQ.FTS.B
,
6
.338
%
,
3/20/26
....
599
581
a
8204430.SQ.FTS.B
,
6
.409
%
,
3/20/26
....
1,137
1,102
a
8205642.SQ.FTS.B
,
6
.42
%
,
3/20/26
.....
8,273
7,240
a
8205269.SQ.FTS.B
,
6
.531
%
,
3/20/26
....
855
812
a
8203431.SQ.FTS.B
,
6
.552
%
,
3/20/26
....
3,099
2,994
a
8204610.SQ.FTS.B
,
6
.682
%
,
3/20/26
....
3,040
1,790
a
8206532.SQ.FTS.B
,
4
.766
%
,
3/21/26
....
1,602
1,547
a
8206289.SQ.FTS.B
,
4
.773
%
,
3/21/26
....
2,687
2,620
a
8206121.SQ.FTS.B
,
4
.777
%
,
3/21/26
....
7,370
7,086
a
8206612.SQ.FTS.B
,
4
.778
%
,
3/21/26
....
4,998
4,788
a
8206253.SQ.FTS.B
,
5
.107
%
,
3/21/26
....
1,764
1,702
a
8206399.SQ.FTS.B
,
5
.407
%
,
3/21/26
....
8,470
8,075
a
8206934.SQ.FTS.B
,
5
.407
%
,
3/21/26
....
2,679
2,588
a
8207064.SQ.FTS.B
,
6
.152
%
,
3/21/26
....
4,854
4,815
a
8206343.SQ.FTS.B
,
6
.423
%
,
3/21/26
....
2,196
2,147
a
8206989.SQ.FTS.B
,
6
.551
%
,
3/21/26
....
3,603
3,421
a
8207912.SQ.FTS.B
,
4
.78
%
,
3/22/26
.....
8,863
8,705
a
8207402.SQ.FTS.B
,
5
.113
%
,
3/22/26
....
21,733
21,225
a
8209555.SQ.FTS.B
,
4
.774
%
,
3/23/26
....
3,848
3,700
a
8211344.SQ.FTS.B
,
4
.777
%
,
3/23/26
....
3,045
2,979
a
8211626.SQ.FTS.B
,
4
.778
%
,
3/23/26
....
4,658
4,418
a
8210256.SQ.FTS.B
,
4
.78
%
,
3/23/26
.....
8,943
8,750
a
8211466.SQ.FTS.B
,
4
.78
%
,
3/23/26
.....
4,359
4,214
a
8209440.SQ.FTS.B
,
4
.787
%
,
3/23/26
....
3,029
2,937
a
8208609.SQ.FTS.B
,
4
.953
%
,
3/23/26
....
3,036
2,842
a
8210538.SQ.FTS.B
,
4
.96
%
,
3/23/26
.....
5,395
3,730
a
8210603.SQ.FTS.B
,
5
.113
%
,
3/23/26
....
40,782
37,856
a
8209672.SQ.FTS.B
,
5
.41
%
,
3/23/26
.....
15,499
11,911
a
8208463.SQ.FTS.B
,
5
.66
%
,
3/23/26
.....
1,444
1,373
a
8211599.SQ.FTS.B
,
5
.675
%
,
3/23/26
....
1,340
1,301
a
8209177.SQ.FTS.B
,
6
.148
%
,
3/23/26
....
6,132
4,439
a
8208973.SQ.FTS.B
,
6
.155
%
,
3/23/26
....
2,893
2,760
a
8209660.SQ.FTS.B
,
6
.394
%
,
3/23/26
....
536
381
a
8209089.SQ.FTS.B
,
6
.415
%
,
3/23/26
....
3,342
923
a
8211306.SQ.FTS.B
,
6
.429
%
,
3/23/26
....
1,036
1,002
a
8210085.SQ.FTS.B
,
6
.547
%
,
3/23/26
....
6,156
5,892
a
8209280.SQ.FTS.B
,
6
.552
%
,
3/23/26
....
2,788
2,672
a
8211762.SQ.FTS.B
,
4
.78
%
,
3/24/26
.....
1,748
1,547
a
8214941.SQ.FTS.B
,
4
.78
%
,
3/24/26
.....
28,754
28,184
a
8212827.SQ.FTS.B
,
4
.781
%
,
3/24/26
....
13,455
12,985
a
8212106.SQ.FTS.B
,
4
.786
%
,
3/24/26
....
3,513
3,339
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8213268.SQ.FTS.B
,
4
.958
%
,
3/24/26
....
$
5,316
$
4,866
a
8213447.SQ.FTS.B
,
5
.408
%
,
3/24/26
....
15,738
15,093
a
8213869.SQ.FTS.B
,
5
.409
%
,
3/24/26
....
16,324
15,644
a
8212682.SQ.FTS.B
,
5
.411
%
,
3/24/26
....
2,632
2,539
a
8214310.SQ.FTS.B
,
5
.911
%
,
3/24/26
....
15,106
13,620
a
8212293.SQ.FTS.B
,
6
.147
%
,
3/24/26
....
1,556
1,495
a
8214819.SQ.FTS.B
,
6
.154
%
,
3/24/26
....
6,972
6,662
a
8211919.SQ.FTS.B
,
6
.164
%
,
3/24/26
....
1,327
941
a
8214668.SQ.FTS.B
,
6
.33
%
,
3/24/26
.....
2,202
2,158
a
8212410.SQ.FTS.B
,
6
.422
%
,
3/24/26
....
3,768
3,650
a
8216001.SQ.FTS.B
,
4
.78
%
,
3/25/26
.....
12,412
11,921
a
8216354.SQ.FTS.B
,
4
.78
%
,
3/25/26
.....
2,456
2,365
a
8217271.SQ.FTS.B
,
4
.78
%
,
3/25/26
.....
2,575
2,487
a
8217860.SQ.FTS.B
,
4
.78
%
,
3/25/26
.....
23,352
21,849
a
8215602.SQ.FTS.B
,
4
.784
%
,
3/25/26
....
1,861
1,638
a
8217705.SQ.FTS.B
,
5
.107
%
,
3/25/26
....
4,137
3,823
a
8217076.SQ.FTS.B
,
5
.111
%
,
3/25/26
....
4,909
4,746
a
8217217.SQ.FTS.B
,
5
.115
%
,
3/25/26
....
1,558
1,477
a
8215375.SQ.FTS.B
,
5
.12
%
,
3/25/26
.....
3,295
3,139
a
8215485.SQ.FTS.B
,
5
.397
%
,
3/25/26
....
1,017
986
a
8216733.SQ.FTS.B
,
5
.407
%
,
3/25/26
....
3,751
3,654
a
8218210.SQ.FTS.B
,
5
.409
%
,
3/25/26
....
19,269
18,704
a
8214983.SQ.FTS.B
,
5
.66
%
,
3/25/26
.....
11,074
10,620
a
8216798.SQ.FTS.B
,
5
.66
%
,
3/25/26
.....
3,601
2,839
a
8216882.SQ.FTS.B
,
5
.66
%
,
3/25/26
.....
8,499
6,553
a
8217313.SQ.FTS.B
,
5
.66
%
,
3/25/26
.....
7,468
7,176
a
8215951.SQ.FTS.B
,
6
.165
%
,
3/25/26
....
2,043
1,372
a
8215471.SQ.FTS.B
,
6
.289
%
,
3/25/26
....
332
210
a
8216590.SQ.FTS.B
,
6
.314
%
,
3/25/26
....
1,287
1,143
a
8216444.SQ.FTS.B
,
6
.327
%
,
3/25/26
....
3,929
3,585
a
8215659.SQ.FTS.B
,
6
.545
%
,
3/25/26
....
4,706
4,552
a
8215553.SQ.FTS.B
,
6
.551
%
,
3/25/26
....
612
594
a
8216643.SQ.FTS.B
,
6
.564
%
,
3/25/26
....
1,368
1,254
a
8221773.SQ.FTS.B
,
4
.778
%
,
3/26/26
....
7,798
6,872
a
8222040.SQ.FTS.B
,
4
.78
%
,
3/26/26
.....
24,813
23,534
a
8223346.SQ.FTS.B
,
4
.78
%
,
3/26/26
.....
4,123
3,876
a
8223096.SQ.FTS.B
,
4
.784
%
,
3/26/26
....
4,664
4,509
a
8220604.SQ.FTS.B
,
5
.66
%
,
3/26/26
.....
10,308
9,888
a
8222983.SQ.FTS.B
,
5
.66
%
,
3/26/26
.....
2,582
2,508
a
8223240.SQ.FTS.B
,
6
.146
%
,
3/26/26
....
1,403
1,365
a
8221986.SQ.FTS.B
,
6
.155
%
,
3/26/26
....
397
393
a
8223600.SQ.FTS.B
,
6
.329
%
,
3/26/26
....
3,232
2,956
a
8221997.SQ.FTS.B
,
6
.536
%
,
3/26/26
....
766
690
a
8224309.SQ.FTS.B
,
4
.776
%
,
3/27/26
....
2,129
2,075
a
8224480.SQ.FTS.B
,
4
.78
%
,
3/27/26
.....
11,277
11,061
a
8226448.SQ.FTS.B
,
4
.78
%
,
3/27/26
.....
22,734
21,925
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
53
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8227008.SQ.FTS.B
,
4
.78
%
,
3/27/26
.....
$
11,012
$
10,617
a
8227182.SQ.FTS.B
,
5
.114
%
,
3/27/26
....
20,717
20,152
a
8226308.SQ.FTS.B
,
5
.119
%
,
3/27/26
....
2,748
2,698
a
8226398.SQ.FTS.B
,
5
.627
%
,
3/27/26
....
1,235
1,117
a
8225769.SQ.FTS.B
,
5
.66
%
,
3/27/26
.....
8,205
8,097
a
8224195.SQ.FTS.B
,
5
.91
%
,
3/27/26
.....
1,390
1,358
a
8227883.SQ.FTS.B
,
5
.913
%
,
3/27/26
....
24,086
18,409
a
8226864.SQ.FTS.B
,
5
.918
%
,
3/27/26
....
1,212
1,182
a
8225424.SQ.FTS.B
,
5
.921
%
,
3/27/26
....
2,495
2,322
a
8226908.SQ.FTS.B
,
6
.144
%
,
3/27/26
....
3,603
2,646
a
8225563.SQ.FTS.B
,
6
.428
%
,
3/27/26
....
1,158
1,143
a
8228042.SQ.FTS.B
,
4
.779
%
,
3/28/26
....
16,724
14,647
a
8228975.SQ.FTS.B
,
5
.408
%
,
3/28/26
....
16,920
16,528
a
8228286.SQ.FTS.B
,
5
.635
%
,
3/28/26
....
8,974
7,720
a
8228833.SQ.FTS.B
,
6
.429
%
,
3/28/26
....
1,924
1,854
a
8229550.SQ.FTS.B
,
6
.15
%
,
3/29/26
.....
17,766
16,012
a
8234119.SQ.FTS.B
,
4
.783
%
,
3/30/26
....
2,505
2,404
a
8230226.SQ.FTS.B
,
4
.787
%
,
3/30/26
....
2,731
2,634
a
8231192.SQ.FTS.B
,
5
.114
%
,
3/30/26
....
20,499
20,263
a
8231122.SQ.FTS.B
,
5
.409
%
,
3/30/26
....
955
927
a
8233929.SQ.FTS.B
,
5
.409
%
,
3/30/26
....
4,951
4,860
a
8232774.SQ.FTS.B
,
6
.151
%
,
3/30/26
....
38,972
37,464
a
8232751.SQ.FTS.B
,
6
.44
%
,
3/30/26
.....
385
381
a
8236119.SQ.FTS.B
,
4
.78
%
,
4/01/26
.....
2,996
2,894
a
8236507.SQ.FTS.B
,
4
.78
%
,
4/01/26
.....
346
336
a
8236797.SQ.FTS.B
,
4
.78
%
,
4/01/26
.....
28,097
27,303
a
8238464.SQ.FTS.B
,
4
.78
%
,
4/01/26
.....
20,005
17,306
a
8237680.SQ.FTS.B
,
4
.956
%
,
4/01/26
....
27,806
19,982
a
8235348.SQ.FTS.B
,
5
.112
%
,
4/01/26
....
14,768
14,172
a
8234582.SQ.FTS.B
,
5
.113
%
,
4/01/26
....
8,926
8,777
a
8236210.SQ.FTS.B
,
5
.122
%
,
4/01/26
....
2,078
2,018
a
8236780.SQ.FTS.B
,
5
.136
%
,
4/01/26
....
371
362
a
8238428.SQ.FTS.B
,
5
.623
%
,
4/01/26
....
564
549
a
8236342.SQ.FTS.B
,
6
.164
%
,
4/01/26
....
1,265
1,226
a
8236377.SQ.FTS.B
,
6
.331
%
,
4/01/26
....
2,242
2,177
a
8235313.SQ.FTS.B
,
6
.414
%
,
4/01/26
....
593
581
a
8235030.SQ.FTS.B
,
6
.421
%
,
4/01/26
....
8,680
7,633
a
8236525.SQ.FTS.B
,
6
.425
%
,
4/01/26
....
3,994
3,907
a
8236305.SQ.FTS.B
,
6
.551
%
,
4/01/26
....
1,332
1,257
a
8236670.SQ.FTS.B
,
6
.676
%
,
4/01/26
....
4,492
4,237
a
8239966.SQ.FTS.B
,
4
.78
%
,
4/02/26
.....
995
970
a
8239718.SQ.FTS.B
,
4
.924
%
,
4/02/26
....
877
455
a
8241352.SQ.FTS.B
,
5
.113
%
,
4/02/26
....
74,308
70,610
a
8239025.SQ.FTS.B
,
5
.157
%
,
4/02/26
....
365
353
a
8239054.SQ.FTS.B
,
5
.66
%
,
4/02/26
.....
12,213
11,578
a
8240040.SQ.FTS.B
,
5
.66
%
,
4/02/26
.....
56,374
54,291
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8238995.SQ.FTS.B
,
5
.675
%
,
4/02/26
....
$
1,506
$
1,451
a
8238866.SQ.FTS.B
,
6
.154
%
,
4/02/26
....
6,170
4,942
a
8240006.SQ.FTS.B
,
6
.164
%
,
4/02/26
....
812
788
a
8239762.SQ.FTS.B
,
6
.414
%
,
4/02/26
....
2,124
2,077
a
8238750.SQ.FTS.B
,
6
.55
%
,
4/02/26
.....
1,758
1,722
a
8244618.SQ.FTS.B
,
4
.78
%
,
4/03/26
.....
15,435
14,753
a
8245361.SQ.FTS.B
,
4
.78
%
,
4/03/26
.....
7,532
7,197
a
8246157.SQ.FTS.B
,
4
.78
%
,
4/03/26
.....
1,629
1,557
a
8246875.SQ.FTS.B
,
4
.78
%
,
4/03/26
.....
1,712
1,610
a
8247665.SQ.FTS.B
,
4
.78
%
,
4/03/26
.....
1,418
1,391
a
8246212.SQ.FTS.B
,
4
.781
%
,
4/03/26
....
12,365
12,121
a
8247695.SQ.FTS.B
,
5
.405
%
,
4/03/26
....
1,734
1,628
a
8245947.SQ.FTS.B
,
5
.407
%
,
4/03/26
....
5,122
4,680
a
8246946.SQ.FTS.B
,
5
.409
%
,
4/03/26
....
25,505
18,827
a
8247794.SQ.FTS.B
,
5
.912
%
,
4/03/26
....
36,318
34,886
a
8245765.SQ.FTS.B
,
6
.137
%
,
4/03/26
....
1,032
1,012
a
8248493.SQ.FTS.B
,
6
.546
%
,
4/03/26
....
7,114
6,971
a
8247535.SQ.FTS.B
,
6
.552
%
,
4/03/26
....
2,452
2,226
a
8245869.SQ.FTS.B
,
6
.553
%
,
4/03/26
....
905
873
a
8248806.SQ.FTS.B
,
6
.675
%
,
4/03/26
....
18,977
11,505
a
8249656.SQ.FTS.B
,
4
.778
%
,
4/04/26
....
11,934
11,501
a
8250977.SQ.FTS.B
,
4
.778
%
,
4/04/26
....
5,755
5,110
a
8250480.SQ.FTS.B
,
4
.779
%
,
4/04/26
....
6,059
5,938
a
8248923.SQ.FTS.B
,
5
.112
%
,
4/04/26
....
10,861
10,498
a
8251328.SQ.FTS.B
,
5
.113
%
,
4/04/26
....
32,907
27,797
a
8251982.SQ.FTS.B
,
5
.113
%
,
4/04/26
....
42,198
41,352
a
8251137.SQ.FTS.B
,
5
.115
%
,
4/04/26
....
3,792
3,734
a
8250756.SQ.FTS.B
,
5
.409
%
,
4/04/26
....
8,868
8,544
a
8250376.SQ.FTS.B
,
5
.665
%
,
4/04/26
....
4,553
4,443
a
8250709.SQ.FTS.B
,
5
.904
%
,
4/04/26
....
1,717
1,639
a
8249538.SQ.FTS.B
,
6
.289
%
,
4/04/26
....
297
288
a
8250191.SQ.FTS.B
,
6
.334
%
,
4/04/26
....
735
598
a
8252691.SQ.FTS.B
,
4
.77
%
,
4/05/26
.....
2,167
2,099
a
8252744.SQ.FTS.B
,
4
.777
%
,
4/05/26
....
7,813
7,518
a
8252937.SQ.FTS.B
,
5
.409
%
,
4/05/26
....
31,320
29,704
a
8252642.SQ.FTS.B
,
5
.912
%
,
4/05/26
....
1,202
1,186
a
8252910.SQ.FTS.B
,
6
.431
%
,
4/05/26
....
1,462
1,392
a
8252565.SQ.FTS.B
,
6
.68
%
,
4/05/26
.....
1,346
1,325
a
8253601.SQ.FTS.B
,
4
.784
%
,
4/06/26
....
2,619
2,528
a
8253754.SQ.FTS.B
,
5
.111
%
,
4/06/26
....
5,469
5,248
a
8253968.SQ.FTS.B
,
5
.113
%
,
4/06/26
....
18,342
17,617
a
8254363.SQ.FTS.B
,
5
.115
%
,
4/06/26
....
5,799
5,568
a
8253676.SQ.FTS.B
,
5
.411
%
,
4/06/26
....
1,634
1,548
a
8253659.SQ.FTS.B
,
5
.625
%
,
4/06/26
....
768
609
a
8253717.SQ.FTS.B
,
5
.63
%
,
4/06/26
.....
2,030
508
a
8254966.SQ.FTS.B
,
4
.775
%
,
4/07/26
....
4,083
3,926
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
54
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8255354.SQ.FTS.B
,
4
.958
%
,
4/07/26
....
$
1,074
$
507
a
8256755.SQ.FTS.B
,
5
.115
%
,
4/07/26
....
6,124
5,963
a
8258502.SQ.FTS.B
,
5
.404
%
,
4/07/26
....
3,842
3,697
a
8257850.SQ.FTS.B
,
5
.409
%
,
4/07/26
....
13,899
13,632
a
8255421.SQ.FTS.B
,
5
.41
%
,
4/07/26
.....
16,072
12,777
a
8255180.SQ.FTS.B
,
5
.66
%
,
4/07/26
.....
3,515
3,368
a
8256384.SQ.FTS.B
,
5
.914
%
,
4/07/26
....
6,625
6,421
a
8256593.SQ.FTS.B
,
6
.322
%
,
4/07/26
....
1,896
1,740
a
8256206.SQ.FTS.B
,
6
.418
%
,
4/07/26
....
8,206
5,838
a
8255929.SQ.FTS.B
,
6
.421
%
,
4/07/26
....
5,647
4,137
a
8258232.SQ.FTS.B
,
6
.428
%
,
4/07/26
....
2,904
2,832
a
8256099.SQ.FTS.B
,
6
.436
%
,
4/07/26
....
1,270
1,166
a
8258449.SQ.FTS.B
,
6
.541
%
,
4/07/26
....
1,717
1,111
a
8256969.SQ.FTS.B
,
6
.673
%
,
4/07/26
....
27,573
26,294
a
8258217.SQ.FTS.B
,
6
.682
%
,
4/07/26
....
321
315
a
8258586.SQ.FTS.B
,
4
.78
%
,
4/08/26
.....
2,183
2,119
a
8260322.SQ.FTS.B
,
4
.78
%
,
4/08/26
.....
45,141
43,671
a
8259927.SQ.FTS.B
,
4
.822
%
,
4/08/26
....
193
189
a
8258562.SQ.FTS.B
,
4
.953
%
,
4/08/26
....
435
403
a
8259944.SQ.FTS.B
,
5
.113
%
,
4/08/26
....
14,884
14,425
a
8261349.SQ.FTS.B
,
5
.647
%
,
4/08/26
....
2,261
622
a
8258689.SQ.FTS.B
,
5
.66
%
,
4/08/26
.....
30,071
23,211
a
8261930.SQ.FTS.B
,
5
.66
%
,
4/08/26
.....
7,019
6,943
a
8261789.SQ.FTS.B
,
5
.666
%
,
4/08/26
....
3,907
3,785
a
8261191.SQ.FTS.B
,
6
.13
%
,
4/08/26
.....
731
715
a
8261206.SQ.FTS.B
,
6
.149
%
,
4/08/26
....
6,469
6,317
a
8261467.SQ.FTS.B
,
6
.326
%
,
4/08/26
....
14,100
7,997
a
8259815.SQ.FTS.B
,
6
.422
%
,
4/08/26
....
1,566
1,546
a
8263745.SQ.FTS.B
,
4
.779
%
,
4/09/26
....
12,644
12,133
a
8263419.SQ.FTS.B
,
4
.78
%
,
4/09/26
.....
6,999
6,727
a
8264170.SQ.FTS.B
,
4
.78
%
,
4/09/26
.....
6,152
6,025
a
8264430.SQ.FTS.B
,
5
.11
%
,
4/09/26
.....
2,552
2,441
a
8264550.SQ.FTS.B
,
5
.111
%
,
4/09/26
....
11,764
11,159
a
8264370.SQ.FTS.B
,
5
.409
%
,
4/09/26
....
1,507
1,448
a
8264838.SQ.FTS.B
,
5
.409
%
,
4/09/26
....
5,241
5,099
a
8265059.SQ.FTS.B
,
5
.66
%
,
4/09/26
.....
37,390
35,797
a
8264409.SQ.FTS.B
,
5
.912
%
,
4/09/26
....
288
285
a
8262349.SQ.FTS.B
,
6
.151
%
,
4/09/26
....
18,096
17,671
a
8263370.SQ.FTS.B
,
6
.154
%
,
4/09/26
....
918
867
a
8263605.SQ.FTS.B
,
6
.322
%
,
4/09/26
....
1,830
1,715
a
8262152.SQ.FTS.B
,
6
.331
%
,
4/09/26
....
2,104
1,932
a
8262263.SQ.FTS.B
,
6
.331
%
,
4/09/26
....
1,619
1,557
a
8263641.SQ.FTS.B
,
6
.427
%
,
4/09/26
....
4,978
3,509
a
8269697.SQ.FTS.B
,
4
.768
%
,
4/10/26
....
1,616
1,574
a
8270552.SQ.FTS.B
,
4
.779
%
,
4/10/26
....
16,004
15,413
a
8271380.SQ.FTS.B
,
4
.78
%
,
4/10/26
.....
11,920
11,167
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8271679.SQ.FTS.B
,
4
.784
%
,
4/10/26
....
$
5,131
$
4,928
a
8272063.SQ.FTS.B
,
5
.112
%
,
4/10/26
....
5,500
5,275
a
8271869.SQ.FTS.B
,
5
.115
%
,
4/10/26
....
2,012
1,993
a
8269756.SQ.FTS.B
,
5
.66
%
,
4/10/26
.....
6,821
6,518
a
8270048.SQ.FTS.B
,
5
.66
%
,
4/10/26
.....
1,552
1,508
a
8271652.SQ.FTS.B
,
5
.66
%
,
4/10/26
.....
618
567
a
8271343.SQ.FTS.B
,
5
.902
%
,
4/10/26
....
2,401
1,857
a
8271289.SQ.FTS.B
,
6
.146
%
,
4/10/26
....
2,362
2,258
a
8272588.SQ.FTS.B
,
6
.15
%
,
4/10/26
.....
20,553
19,634
a
8273128.SQ.FTS.B
,
6
.15
%
,
4/10/26
.....
23,527
22,215
a
8270129.SQ.FTS.B
,
6
.155
%
,
4/10/26
....
1,936
1,894
a
8272231.SQ.FTS.B
,
6
.421
%
,
4/10/26
....
7,533
7,369
a
8273922.SQ.FTS.B
,
4
.78
%
,
4/11/26
.....
64,700
57,137
a
8275956.SQ.FTS.B
,
4
.78
%
,
4/11/26
.....
38,565
36,818
a
8277202.SQ.FTS.B
,
5
.113
%
,
4/11/26
....
8,876
7,469
a
8276869.SQ.FTS.B
,
5
.114
%
,
4/11/26
....
21,953
20,415
a
8273623.SQ.FTS.B
,
5
.665
%
,
4/11/26
....
5,719
5,246
a
8276746.SQ.FTS.B
,
6
.15
%
,
4/11/26
.....
5,006
4,901
a
8277957.SQ.FTS.B
,
4
.974
%
,
4/12/26
....
544
500
a
8277973.SQ.FTS.B
,
5
.409
%
,
4/12/26
....
12,357
11,835
a
8278232.SQ.FTS.B
,
5
.415
%
,
4/12/26
....
3,455
3,249
a
8277930.SQ.FTS.B
,
5
.66
%
,
4/12/26
.....
565
540
a
8277446.SQ.FTS.B
,
5
.908
%
,
4/12/26
....
1,299
1,248
a
8277477.SQ.FTS.B
,
5
.912
%
,
4/12/26
....
27,615
21,796
a
8278299.SQ.FTS.B
,
6
.426
%
,
4/12/26
....
3,083
2,983
a
8278723.SQ.FTS.B
,
4
.78
%
,
4/13/26
.....
4,371
4,185
a
8279177.SQ.FTS.B
,
4
.784
%
,
4/13/26
....
3,624
3,567
a
8278391.SQ.FTS.B
,
5
.111
%
,
4/13/26
....
9,255
8,879
a
8278916.SQ.FTS.B
,
5
.113
%
,
4/13/26
....
8,951
8,775
a
8278582.SQ.FTS.B
,
6
.15
%
,
4/13/26
.....
4,349
4,185
a
8278895.SQ.FTS.B
,
6
.413
%
,
4/13/26
....
317
310
a
8278822.SQ.FTS.B
,
6
.415
%
,
4/13/26
....
76
76
a
8278695.SQ.FTS.B
,
6
.555
%
,
4/13/26
....
701
675
a
8279441.SQ.FTS.B
,
4
.771
%
,
4/14/26
....
2,664
2,517
a
8279326.SQ.FTS.B
,
4
.78
%
,
4/14/26
.....
3,926
3,790
a
8279483.SQ.FTS.B
,
4
.78
%
,
4/14/26
.....
5,311
5,146
a
8280386.SQ.FTS.B
,
4
.78
%
,
4/14/26
.....
56,269
52,724
a
8280017.SQ.FTS.B
,
4
.781
%
,
4/14/26
....
23,677
22,574
a
8279290.SQ.FTS.B
,
5
.66
%
,
4/14/26
.....
1,266
1,209
a
8279601.SQ.FTS.B
,
5
.66
%
,
4/14/26
.....
21,722
14,874
a
8280371.SQ.FTS.B
,
6
.541
%
,
4/14/26
....
1,313
1,257
a
8279393.SQ.FTS.B
,
6
.671
%
,
4/14/26
....
1,640
1,519
a
8280006.SQ.FTS.B
,
6
.674
%
,
4/14/26
....
725
700
a
8279933.SQ.FTS.B
,
6
.675
%
,
4/14/26
....
2,537
2,486
a
8282795.SQ.FTS.B
,
4
.769
%
,
4/15/26
....
2,085
1,972
a
8282628.SQ.FTS.B
,
4
.78
%
,
4/15/26
.....
2,834
2,723
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
55
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8284852.SQ.FTS.B
,
4
.78
%
,
4/15/26
.....
$
5,909
$
5,723
a
8283879.SQ.FTS.B
,
4
.781
%
,
4/15/26
....
30,621
29,654
a
8282849.SQ.FTS.B
,
4
.958
%
,
4/15/26
....
6,628
6,086
a
8283700.SQ.FTS.B
,
5
.11
%
,
4/15/26
.....
5,703
5,465
a
8283355.SQ.FTS.B
,
5
.113
%
,
4/15/26
....
16,815
15,954
a
8283179.SQ.FTS.B
,
5
.117
%
,
4/15/26
....
8,448
6,641
a
8282720.SQ.FTS.B
,
5
.119
%
,
4/15/26
....
3,938
3,788
a
8281860.SQ.FTS.B
,
5
.408
%
,
4/15/26
....
5,783
4,723
a
8284829.SQ.FTS.B
,
5
.412
%
,
4/15/26
....
1,518
1,192
a
8284751.SQ.FTS.B
,
5
.63
%
,
4/15/26
.....
3,604
2,906
a
8282041.SQ.FTS.B
,
5
.66
%
,
4/15/26
.....
14,765
14,474
a
8284791.SQ.FTS.B
,
5
.66
%
,
4/15/26
.....
1,438
1,394
a
8284699.SQ.FTS.B
,
5
.911
%
,
4/15/26
....
3,567
2,707
a
8283828.SQ.FTS.B
,
6
.324
%
,
4/15/26
....
2,686
907
a
8284632.SQ.FTS.B
,
6
.422
%
,
4/15/26
....
6,023
5,313
a
8286574.SQ.FTS.B
,
4
.78
%
,
4/16/26
.....
6,022
5,839
a
8287959.SQ.FTS.B
,
4
.785
%
,
4/16/26
....
4,212
4,038
a
8287641.SQ.FTS.B
,
5
.112
%
,
4/16/26
....
7,721
7,467
a
8286857.SQ.FTS.B
,
5
.113
%
,
4/16/26
....
14,478
14,196
a
8286722.SQ.FTS.B
,
5
.409
%
,
4/16/26
....
5,247
5,052
a
8287243.SQ.FTS.B
,
5
.409
%
,
4/16/26
....
7,043
6,944
a
8287420.SQ.FTS.B
,
5
.909
%
,
4/16/26
....
4,574
4,433
a
8288529.SQ.FTS.B
,
6
.15
%
,
4/16/26
.....
6,069
5,956
a
8287823.SQ.FTS.B
,
6
.152
%
,
4/16/26
....
7,577
7,143
a
8286678.SQ.FTS.B
,
6
.164
%
,
4/16/26
....
379
361
a
8288479.SQ.FTS.B
,
6
.326
%
,
4/16/26
....
5,532
4,896
a
8286845.SQ.FTS.B
,
6
.411
%
,
4/16/26
....
1,443
1,069
a
8287565.SQ.FTS.B
,
6
.414
%
,
4/16/26
....
2,515
2,452
a
8286690.SQ.FTS.B
,
6
.534
%
,
4/16/26
....
1,989
1,679
a
8284942.SQ.FTS.B
,
6
.673
%
,
4/16/26
....
42,976
40,825
a
8294683.SQ.FTS.B
,
4
.776
%
,
4/17/26
....
4,788
4,619
a
8290901.SQ.FTS.B
,
4
.78
%
,
4/17/26
.....
69,676
67,025
a
8293348.SQ.FTS.B
,
4
.955
%
,
4/17/26
....
7,022
6,884
a
8294883.SQ.FTS.B
,
5
.66
%
,
4/17/26
.....
25,902
24,925
a
8294550.SQ.FTS.B
,
5
.919
%
,
4/17/26
....
1,085
1,043
a
8294297.SQ.FTS.B
,
6
.151
%
,
4/17/26
....
6,330
5,731
a
8294417.SQ.FTS.B
,
6
.55
%
,
4/17/26
.....
440
436
a
8294565.SQ.FTS.B
,
6
.554
%
,
4/17/26
....
2,702
2,511
a
8294806.SQ.FTS.B
,
6
.672
%
,
4/17/26
....
2,009
1,941
a
8298170.SQ.FTS.B
,
4
.778
%
,
4/18/26
....
11,327
10,837
a
8296998.SQ.FTS.B
,
4
.78
%
,
4/18/26
.....
3,317
3,184
a
8297057.SQ.FTS.B
,
4
.78
%
,
4/18/26
.....
20,326
20,064
a
8298055.SQ.FTS.B
,
4
.78
%
,
4/18/26
.....
2,641
2,318
a
8296631.SQ.FTS.B
,
5
.114
%
,
4/18/26
....
13,909
13,228
a
8295012.SQ.FTS.B
,
5
.622
%
,
4/18/26
....
1,672
983
a
8296579.SQ.FTS.B
,
5
.66
%
,
4/18/26
.....
683
646
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8298447.SQ.FTS.B
,
5
.911
%
,
4/18/26
....
$
19,088
$
18,072
a
8298108.SQ.FTS.B
,
6
.138
%
,
4/18/26
....
773
755
a
8298131.SQ.FTS.B
,
6
.149
%
,
4/18/26
....
2,028
1,946
a
8295116.SQ.FTS.B
,
6
.152
%
,
4/18/26
....
26,095
25,303
a
8295071.SQ.FTS.B
,
6
.32
%
,
4/18/26
.....
1,445
1,385
a
8296606.SQ.FTS.B
,
6
.55
%
,
4/18/26
.....
627
607
a
8299034.SQ.FTS.B
,
4
.78
%
,
4/19/26
.....
22,018
21,069
a
8298827.SQ.FTS.B
,
5
.41
%
,
4/19/26
.....
8,528
6,607
a
8298581.SQ.FTS.B
,
5
.66
%
,
4/19/26
.....
11,960
11,282
a
8298996.SQ.FTS.B
,
5
.675
%
,
4/19/26
....
599
594
a
8299473.SQ.FTS.B
,
6
.419
%
,
4/19/26
....
2,419
2,087
a
8300107.SQ.FTS.B
,
4
.78
%
,
4/20/26
.....
8,243
7,922
a
8299881.SQ.FTS.B
,
4
.782
%
,
4/20/26
....
12,381
10,862
a
8299830.SQ.FTS.B
,
5
.403
%
,
4/20/26
....
3,175
2,875
a
8299512.SQ.FTS.B
,
5
.671
%
,
4/20/26
....
2,443
2,307
a
8299550.SQ.FTS.B
,
5
.912
%
,
4/20/26
....
6,634
5,242
a
8300261.SQ.FTS.B
,
6
.151
%
,
4/20/26
....
7,804
7,680
a
8299665.SQ.FTS.B
,
6
.663
%
,
4/20/26
....
1,295
843
a
8299689.SQ.FTS.B
,
6
.676
%
,
4/20/26
....
2,518
2,488
a
8300914.SQ.FTS.B
,
4
.78
%
,
4/21/26
.....
12,563
12,048
a
8302044.SQ.FTS.B
,
4
.78
%
,
4/21/26
.....
5,501
5,174
a
8302242.SQ.FTS.B
,
4
.78
%
,
4/21/26
.....
7,864
7,580
a
8303508.SQ.FTS.B
,
4
.78
%
,
4/21/26
.....
7,795
7,412
a
8303656.SQ.FTS.B
,
4
.78
%
,
4/21/26
.....
14,706
13,987
a
8304120.SQ.FTS.B
,
4
.78
%
,
4/21/26
.....
1,656
1,591
a
8303071.SQ.FTS.B
,
4
.781
%
,
4/21/26
....
13,128
12,605
a
8304513.SQ.FTS.B
,
4
.947
%
,
4/21/26
....
819
802
a
8303323.SQ.FTS.B
,
5
.409
%
,
4/21/26
....
8,735
8,535
a
8304334.SQ.FTS.B
,
5
.409
%
,
4/21/26
....
7,776
6,258
a
8302399.SQ.FTS.B
,
5
.41
%
,
4/21/26
.....
26,019
25,135
a
8301956.SQ.FTS.B
,
5
.417
%
,
4/21/26
....
2,587
2,489
a
8304270.SQ.FTS.B
,
5
.643
%
,
4/21/26
....
2,108
2,014
a
8301584.SQ.FTS.B
,
5
.66
%
,
4/21/26
.....
1,660
1,568
a
8303970.SQ.FTS.B
,
6
.149
%
,
4/21/26
....
2,186
2,169
a
8303944.SQ.FTS.B
,
6
.15
%
,
4/21/26
.....
1,849
1,790
a
8301895.SQ.FTS.B
,
6
.317
%
,
4/21/26
....
898
876
a
8303922.SQ.FTS.B
,
6
.32
%
,
4/21/26
.....
514
473
a
8301755.SQ.FTS.B
,
6
.326
%
,
4/21/26
....
5,113
3,170
a
8304472.SQ.FTS.B
,
6
.326
%
,
4/21/26
....
1,304
1,236
a
8303301.SQ.FTS.B
,
6
.404
%
,
4/21/26
....
902
842
a
8301718.SQ.FTS.B
,
6
.415
%
,
4/21/26
....
1,234
1,204
a
8304151.SQ.FTS.B
,
6
.673
%
,
4/21/26
....
3,644
3,114
a
8305771.SQ.FTS.B
,
4
.78
%
,
4/22/26
.....
3,736
3,631
a
8306964.SQ.FTS.B
,
4
.78
%
,
4/22/26
.....
65,014
61,830
a
8305906.SQ.FTS.B
,
4
.781
%
,
4/22/26
....
21,750
21,030
a
8305027.SQ.FTS.B
,
6
.15
%
,
4/22/26
.....
13,410
12,963
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
56
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8304649.SQ.FTS.B
,
6
.325
%
,
4/22/26
....
$
9,104
$
3,445
a
8306524.SQ.FTS.B
,
6
.551
%
,
4/22/26
....
5,385
3,612
a
8306625.SQ.FTS.B
,
6
.673
%
,
4/22/26
....
15,521
14,115
a
8308031.SQ.FTS.B
,
4
.776
%
,
4/23/26
....
4,858
4,296
a
8308934.SQ.FTS.B
,
4
.779
%
,
4/23/26
....
22,507
21,665
a
8309637.SQ.FTS.B
,
4
.779
%
,
4/23/26
....
28,683
27,230
a
8308237.SQ.FTS.B
,
4
.78
%
,
4/23/26
.....
6,211
5,995
a
8309618.SQ.FTS.B
,
4
.78
%
,
4/23/26
.....
796
769
a
8310230.SQ.FTS.B
,
4
.78
%
,
4/23/26
.....
41,694
40,490
a
8308558.SQ.FTS.B
,
5
.11
%
,
4/23/26
.....
6,638
6,340
a
8311220.SQ.FTS.B
,
5
.41
%
,
4/23/26
.....
11,482
11,011
a
8309591.SQ.FTS.B
,
6
.417
%
,
4/23/26
....
1,824
1,681
a
8308182.SQ.FTS.B
,
6
.667
%
,
4/23/26
....
1,777
1,524
a
8316104.SQ.FTS.B
,
4
.78
%
,
4/24/26
.....
4,704
4,594
a
8313509.SQ.FTS.B
,
5
.113
%
,
4/24/26
....
75,752
71,233
a
8316235.SQ.FTS.B
,
5
.113
%
,
4/24/26
....
26,934
25,281
a
8317207.SQ.FTS.B
,
5
.412
%
,
4/24/26
....
7,579
7,143
a
8317134.SQ.FTS.B
,
5
.66
%
,
4/24/26
.....
2,008
1,942
a
8319131.SQ.FTS.B
,
4
.781
%
,
4/25/26
....
3,409
3,261
a
8319410.SQ.FTS.B
,
4
.959
%
,
4/25/26
....
3,444
3,319
a
8318218.SQ.FTS.B
,
4
.967
%
,
4/25/26
....
386
362
a
8317620.SQ.FTS.B
,
5
.112
%
,
4/25/26
....
9,933
9,588
a
8320034.SQ.FTS.B
,
5
.409
%
,
4/25/26
....
47,131
45,016
a
8318235.SQ.FTS.B
,
5
.646
%
,
4/25/26
....
2,356
578
a
8319657.SQ.FTS.B
,
5
.66
%
,
4/25/26
.....
19,823
14,178
a
8319265.SQ.FTS.B
,
5
.913
%
,
4/25/26
....
4,315
4,168
a
8318289.SQ.FTS.B
,
6
.152
%
,
4/25/26
....
10,352
9,838
a
8318666.SQ.FTS.B
,
6
.152
%
,
4/25/26
....
15,861
12,235
a
8319061.SQ.FTS.B
,
6
.341
%
,
4/25/26
....
704
693
a
8317414.SQ.FTS.B
,
6
.555
%
,
4/25/26
....
2,927
2,514
a
8319597.SQ.FTS.B
,
6
.676
%
,
4/25/26
....
1,768
1,683
a
8321734.SQ.FTS.B
,
4
.78
%
,
4/26/26
.....
9,960
9,633
a
8321681.SQ.FTS.B
,
4
.951
%
,
4/26/26
....
2,781
2,382
a
8321485.SQ.FTS.B
,
5
.113
%
,
4/26/26
....
12,300
11,753
a
8321464.SQ.FTS.B
,
5
.633
%
,
4/26/26
....
630
589
a
8321183.SQ.FTS.B
,
5
.912
%
,
4/26/26
....
16,423
15,960
a
8321081.SQ.FTS.B
,
6
.154
%
,
4/26/26
....
4,196
4,053
a
8321043.SQ.FTS.B
,
6
.329
%
,
4/26/26
....
4,261
2,623
a
8321018.SQ.FTS.B
,
6
.334
%
,
4/26/26
....
109
108
a
8322081.SQ.FTS.B
,
4
.769
%
,
4/27/26
....
1,991
1,917
a
8322385.SQ.FTS.B
,
4
.78
%
,
4/27/26
.....
3,043
2,938
a
8321877.SQ.FTS.B
,
5
.114
%
,
4/27/26
....
12,346
11,770
a
8322680.SQ.FTS.B
,
5
.66
%
,
4/27/26
.....
9,475
9,116
a
8322441.SQ.FTS.B
,
6
.146
%
,
4/27/26
....
2,960
2,815
a
8322145.SQ.FTS.B
,
6
.15
%
,
4/27/26
.....
4,528
4,422
a
8322500.SQ.FTS.B
,
6
.153
%
,
4/27/26
....
8,865
8,578
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8322242.SQ.FTS.B
,
6
.419
%
,
4/27/26
....
$
3,583
$
3,396
a
8322318.SQ.FTS.B
,
6
.423
%
,
4/27/26
....
1,868
1,838
a
8322373.SQ.FTS.B
,
6
.439
%
,
4/27/26
....
678
655
a
8322107.SQ.FTS.B
,
6
.54
%
,
4/27/26
.....
2,364
2,228
a
8324693.SQ.FTS.B
,
4
.78
%
,
4/28/26
.....
3,642
3,550
a
8325680.SQ.FTS.B
,
4
.78
%
,
4/28/26
.....
14,437
12,757
a
8326359.SQ.FTS.B
,
4
.787
%
,
4/28/26
....
3,309
3,104
a
8324830.SQ.FTS.B
,
4
.788
%
,
4/28/26
....
2,141
2,066
a
8326120.SQ.FTS.B
,
4
.972
%
,
4/28/26
....
681
659
a
8326653.SQ.FTS.B
,
5
.112
%
,
4/28/26
....
6,322
6,095
a
8326870.SQ.FTS.B
,
5
.113
%
,
4/28/26
....
8,020
7,799
a
8323711.SQ.FTS.B
,
5
.114
%
,
4/28/26
....
25,845
24,963
a
8326484.SQ.FTS.B
,
5
.114
%
,
4/28/26
....
5,817
5,643
a
8326172.SQ.FTS.B
,
5
.157
%
,
4/28/26
....
352
344
a
8327086.SQ.FTS.B
,
5
.39
%
,
4/28/26
.....
1,133
1,095
a
8327123.SQ.FTS.B
,
5
.397
%
,
4/28/26
....
1,996
1,918
a
8324769.SQ.FTS.B
,
5
.909
%
,
4/28/26
....
1,527
1,473
a
8323662.SQ.FTS.B
,
5
.92
%
,
4/28/26
.....
1,130
1,065
a
8324800.SQ.FTS.B
,
6
.143
%
,
4/28/26
....
1,790
1,602
a
8326179.SQ.FTS.B
,
6
.15
%
,
4/28/26
.....
4,156
3,978
a
8323623.SQ.FTS.B
,
6
.164
%
,
4/28/26
....
1,318
1,271
a
8323377.SQ.FTS.B
,
6
.552
%
,
4/28/26
....
4,604
4,245
a
8327173.SQ.FTS.B
,
6
.554
%
,
4/28/26
....
2,557
2,176
a
8327944.SQ.FTS.B
,
4
.78
%
,
4/29/26
.....
12,962
12,571
a
8328735.SQ.FTS.B
,
4
.78
%
,
4/29/26
.....
3,872
3,790
a
8328960.SQ.FTS.B
,
4
.78
%
,
4/29/26
.....
3,750
3,664
a
8329109.SQ.FTS.B
,
4
.78
%
,
4/29/26
.....
28,557
27,078
a
8330511.SQ.FTS.B
,
4
.781
%
,
4/29/26
....
17,207
16,466
a
8329865.SQ.FTS.B
,
5
.114
%
,
4/29/26
....
34,457
33,025
a
8327713.SQ.FTS.B
,
5
.413
%
,
4/29/26
....
3,126
2,940
a
8328904.SQ.FTS.B
,
5
.906
%
,
4/29/26
....
1,641
1,598
a
8330968.SQ.FTS.B
,
6
.154
%
,
4/29/26
....
2,300
2,205
a
8330954.SQ.FTS.B
,
6
.289
%
,
4/29/26
....
509
469
a
8328652.SQ.FTS.B
,
6
.316
%
,
4/29/26
....
1,019
987
a
8327194.SQ.FTS.B
,
6
.326
%
,
4/29/26
....
12,477
10,401
a
8328597.SQ.FTS.B
,
6
.326
%
,
4/29/26
....
1,443
1,367
a
8338530.SQ.FTS.B
,
4
.772
%
,
4/30/26
....
299
287
a
8331383.SQ.FTS.B
,
4
.776
%
,
4/30/26
....
3,386
3,184
a
8333917.SQ.FTS.B
,
4
.778
%
,
4/30/26
....
12,181
11,838
a
8333245.SQ.FTS.B
,
4
.779
%
,
4/30/26
....
20,432
19,223
a
8337971.SQ.FTS.B
,
4
.779
%
,
4/30/26
....
14,216
13,676
a
8332018.SQ.FTS.B
,
4
.78
%
,
4/30/26
.....
34,261
32,865
a
8337008.SQ.FTS.B
,
4
.78
%
,
4/30/26
.....
3,711
3,538
a
8337108.SQ.FTS.B
,
4
.78
%
,
4/30/26
.....
9,660
9,277
a
8332944.SQ.FTS.B
,
4
.781
%
,
4/30/26
....
10,697
9,999
a
8332882.SQ.FTS.B
,
4
.96
%
,
4/30/26
.....
3,751
3,467
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
57
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8333141.SQ.FTS.B
,
4
.966
%
,
4/30/26
....
$
1,800
$
1,546
a
8331883.SQ.FTS.B
,
5
.109
%
,
4/30/26
....
4,944
4,735
a
8336735.SQ.FTS.B
,
5
.113
%
,
4/30/26
....
7,867
7,531
a
8337532.SQ.FTS.B
,
5
.113
%
,
4/30/26
....
17,457
15,407
a
8330984.SQ.FTS.B
,
5
.115
%
,
4/30/26
....
11,637
10,915
a
8333158.SQ.FTS.B
,
5
.115
%
,
4/30/26
....
6,328
6,143
a
8339165.SQ.FTS.B
,
5
.411
%
,
4/30/26
....
4,158
3,985
a
8334093.SQ.FTS.B
,
5
.635
%
,
4/30/26
....
20,550
16,923
a
8338628.SQ.FTS.B
,
5
.66
%
,
4/30/26
.....
23,156
22,000
a
8339588.SQ.FTS.B
,
5
.66
%
,
4/30/26
.....
2,520
2,437
a
8331720.SQ.FTS.B
,
5
.908
%
,
4/30/26
....
4,146
4,001
a
8331660.SQ.FTS.B
,
5
.912
%
,
4/30/26
....
2,051
1,949
a
8332716.SQ.FTS.B
,
5
.912
%
,
4/30/26
....
10,266
9,671
a
8338613.SQ.FTS.B
,
5
.915
%
,
4/30/26
....
1,279
1,215
a
8331517.SQ.FTS.B
,
6
.146
%
,
4/30/26
....
3,075
2,854
a
8333542.SQ.FTS.B
,
6
.148
%
,
4/30/26
....
6,936
6,758
a
8333900.SQ.FTS.B
,
6
.148
%
,
4/30/26
....
1,471
1,407
a
8339650.SQ.FTS.B
,
6
.151
%
,
4/30/26
....
18,345
17,813
a
8340139.SQ.FTS.B
,
6
.151
%
,
4/30/26
....
48,925
46,836
a
8339406.SQ.FTS.B
,
6
.152
%
,
4/30/26
....
13,612
11,033
a
8333826.SQ.FTS.B
,
6
.154
%
,
4/30/26
....
7,648
7,260
a
8333812.SQ.FTS.B
,
6
.17
%
,
4/30/26
.....
1,007
981
a
8337895.SQ.FTS.B
,
6
.323
%
,
4/30/26
....
2,687
2,499
a
8334277.SQ.FTS.B
,
6
.421
%
,
4/30/26
....
15,158
14,756
a
8333533.SQ.FTS.B
,
6
.44
%
,
4/30/26
.....
811
789
a
8336695.SQ.FTS.B
,
6
.578
%
,
4/30/26
....
231
224
a
8339247.SQ.FTS.B
,
6
.673
%
,
4/30/26
....
8,515
3,278
a
8333508.SQ.FTS.B
,
6
.679
%
,
4/30/26
....
2,038
1,938
a
8339395.SQ.FTS.B
,
6
.693
%
,
4/30/26
....
1,139
1,052
a
8331620.SQ.FTS.B
,
6
.709
%
,
4/30/26
....
580
555
a
8341785.SQ.FTS.B
,
4
.783
%
,
5/01/26
....
7,520
7,220
a
8340531.SQ.FTS.B
,
5
.409
%
,
5/01/26
....
36,675
30,851
a
8341924.SQ.FTS.B
,
6
.151
%
,
5/01/26
....
83,633
79,290
a
8344817.SQ.FTS.B
,
4
.778
%
,
5/02/26
....
9,370
8,994
a
8344446.SQ.FTS.B
,
4
.78
%
,
5/02/26
.....
12,476
11,987
a
8344402.SQ.FTS.B
,
5
.111
%
,
5/02/26
....
2,497
2,390
a
8344712.SQ.FTS.B
,
5
.416
%
,
5/02/26
....
1,677
1,602
a
8344688.SQ.FTS.B
,
5
.937
%
,
5/02/26
....
747
719
a
8344136.SQ.FTS.B
,
6
.132
%
,
5/02/26
....
423
411
a
8344645.SQ.FTS.B
,
6
.146
%
,
5/02/26
....
1,828
1,774
a
8344147.SQ.FTS.B
,
6
.15
%
,
5/02/26
.....
15,464
12,561
a
8343952.SQ.FTS.B
,
6
.152
%
,
5/02/26
....
10,027
9,733
a
8344345.SQ.FTS.B
,
6
.329
%
,
5/02/26
....
3,934
3,664
a
8344398.SQ.FTS.B
,
6
.359
%
,
5/02/26
....
445
429
a
8343827.SQ.FTS.B
,
6
.671
%
,
5/02/26
....
3,607
3,513
a
8345220.SQ.FTS.B
,
4
.771
%
,
5/03/26
....
2,288
2,186
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8344943.SQ.FTS.B
,
4
.775
%
,
5/03/26
....
$
3,240
$
3,110
a
8345088.SQ.FTS.B
,
4
.78
%
,
5/03/26
.....
4,236
4,070
a
8345365.SQ.FTS.B
,
4
.782
%
,
5/03/26
....
4,113
3,950
a
8345164.SQ.FTS.B
,
5
.105
%
,
5/03/26
....
1,305
1,260
a
8345491.SQ.FTS.B
,
5
.109
%
,
5/03/26
....
3,941
3,780
a
8345642.SQ.FTS.B
,
5
.66
%
,
5/03/26
.....
10,866
10,525
a
8345427.SQ.FTS.B
,
5
.907
%
,
5/03/26
....
1,471
1,416
a
8345148.SQ.FTS.B
,
5
.93
%
,
5/03/26
.....
585
564
a
8345252.SQ.FTS.B
,
6
.142
%
,
5/03/26
....
648
629
a
8344985.SQ.FTS.B
,
6
.154
%
,
5/03/26
....
7,030
6,729
a
8345470.SQ.FTS.B
,
6
.337
%
,
5/03/26
....
1,227
1,172
a
8345624.SQ.FTS.B
,
6
.409
%
,
5/03/26
....
868
838
a
8345584.SQ.FTS.B
,
6
.415
%
,
5/03/26
....
3,675
2,873
a
8345453.SQ.FTS.B
,
6
.428
%
,
5/03/26
....
724
704
a
8347247.SQ.FTS.B
,
4
.779
%
,
5/04/26
....
12,302
11,828
a
8347712.SQ.FTS.B
,
4
.779
%
,
5/04/26
....
7,032
6,763
a
8347169.SQ.FTS.B
,
4
.78
%
,
5/04/26
.....
2,764
2,660
a
8348188.SQ.FTS.B
,
4
.78
%
,
5/04/26
.....
11,243
10,722
a
8348464.SQ.FTS.B
,
4
.78
%
,
5/04/26
.....
5,843
5,569
a
8348402.SQ.FTS.B
,
4
.952
%
,
5/04/26
....
1,352
1,256
a
8347038.SQ.FTS.B
,
5
.11
%
,
5/04/26
.....
4,272
4,097
a
8349459.SQ.FTS.B
,
5
.11
%
,
5/04/26
.....
4,346
4,196
a
8349607.SQ.FTS.B
,
5
.114
%
,
5/04/26
....
10,822
10,053
a
8347538.SQ.FTS.B
,
5
.115
%
,
5/04/26
....
7,545
7,240
a
8347967.SQ.FTS.B
,
5
.117
%
,
5/04/26
....
5,793
5,546
a
8348051.SQ.FTS.B
,
5
.409
%
,
5/04/26
....
7,698
7,403
a
8348445.SQ.FTS.B
,
5
.618
%
,
5/04/26
....
562
529
a
8348640.SQ.FTS.B
,
5
.66
%
,
5/04/26
.....
1,783
1,693
a
8348927.SQ.FTS.B
,
5
.66
%
,
5/04/26
.....
1,519
1,461
a
8346503.SQ.FTS.B
,
5
.912
%
,
5/04/26
....
10,972
10,562
a
8349244.SQ.FTS.B
,
6
.144
%
,
5/04/26
....
1,434
1,372
a
8347950.SQ.FTS.B
,
6
.162
%
,
5/04/26
....
1,068
1,022
a
8349157.SQ.FTS.B
,
6
.327
%
,
5/04/26
....
5,772
4,812
a
8348705.SQ.FTS.B
,
6
.328
%
,
5/04/26
....
4,215
3,954
a
8348860.SQ.FTS.B
,
6
.419
%
,
5/04/26
....
2,736
2,617
a
8348951.SQ.FTS.B
,
6
.422
%
,
5/04/26
....
13,017
12,522
a
8348814.SQ.FTS.B
,
6
.43
%
,
5/04/26
.....
2,606
2,369
a
8348522.SQ.FTS.B
,
6
.671
%
,
5/04/26
....
4,101
3,919
a
8347924.SQ.FTS.B
,
6
.687
%
,
5/04/26
....
577
556
a
8351580.SQ.FTS.B
,
4
.78
%
,
5/05/26
.....
9,619
9,231
a
8352250.SQ.FTS.B
,
4
.78
%
,
5/05/26
.....
4,472
4,284
a
8352318.SQ.FTS.B
,
4
.78
%
,
5/05/26
.....
14,360
13,816
a
8352758.SQ.FTS.B
,
4
.78
%
,
5/05/26
.....
96,416
91,617
a
8350215.SQ.FTS.B
,
4
.957
%
,
5/05/26
....
5,957
5,532
a
8349973.SQ.FTS.B
,
4
.958
%
,
5/05/26
....
3,765
3,573
a
8351124.SQ.FTS.B
,
5
.112
%
,
5/05/26
....
11,066
10,668
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
58
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8352663.SQ.FTS.B
,
5
.115
%
,
5/05/26
....
$
6,633
$
6,396
a
8352732.SQ.FTS.B
,
5
.641
%
,
5/05/26
....
1,213
1,141
a
8349840.SQ.FTS.B
,
5
.66
%
,
5/05/26
.....
3,468
3,331
a
8351357.SQ.FTS.B
,
6
.153
%
,
5/05/26
....
9,329
8,929
a
8352644.SQ.FTS.B
,
6
.317
%
,
5/05/26
....
1,520
1,452
a
8350479.SQ.FTS.B
,
6
.42
%
,
5/05/26
.....
18,987
14,863
a
8351090.SQ.FTS.B
,
6
.421
%
,
5/05/26
....
2,296
2,177
a
8351752.SQ.FTS.B
,
6
.422
%
,
5/05/26
....
23,940
21,756
a
8352615.SQ.FTS.B
,
6
.426
%
,
5/05/26
....
1,308
1,240
a
8350374.SQ.FTS.B
,
6
.554
%
,
5/05/26
....
797
748
a
8350389.SQ.FTS.B
,
6
.673
%
,
5/05/26
....
4,796
4,233
a
8354432.SQ.FTS.B
,
4
.777
%
,
5/06/26
....
7,437
7,135
a
8353375.SQ.FTS.B
,
4
.784
%
,
5/06/26
....
4,061
3,905
a
8354113.SQ.FTS.B
,
5
.112
%
,
5/06/26
....
8,306
6,909
a
8354876.SQ.FTS.B
,
5
.407
%
,
5/06/26
....
14,413
12,175
a
8355462.SQ.FTS.B
,
5
.409
%
,
5/06/26
....
56,315
47,570
a
8356466.SQ.FTS.B
,
5
.66
%
,
5/06/26
.....
13,300
12,797
a
8354647.SQ.FTS.B
,
6
.143
%
,
5/06/26
....
2,367
2,288
a
8353645.SQ.FTS.B
,
6
.151
%
,
5/06/26
....
11,339
10,878
a
8355111.SQ.FTS.B
,
6
.152
%
,
5/06/26
....
12,539
10,240
a
8354762.SQ.FTS.B
,
6
.153
%
,
5/06/26
....
3,520
3,377
a
8355064.SQ.FTS.B
,
6
.337
%
,
5/06/26
....
2,084
1,956
a
8354701.SQ.FTS.B
,
6
.667
%
,
5/06/26
....
1,140
1,108
a
8362207.SQ.FTS.B
,
4
.79
%
,
5/07/26
.....
2,272
2,179
a
8361046.SQ.FTS.B
,
5
.111
%
,
5/07/26
....
12,310
11,794
a
8362642.SQ.FTS.B
,
5
.113
%
,
5/07/26
....
16,694
14,793
a
8361496.SQ.FTS.B
,
5
.117
%
,
5/07/26
....
3,723
3,546
a
8362438.SQ.FTS.B
,
5
.121
%
,
5/07/26
....
3,447
3,276
a
8364012.SQ.FTS.B
,
5
.409
%
,
5/07/26
....
32,986
31,483
a
8362378.SQ.FTS.B
,
5
.418
%
,
5/07/26
....
2,394
2,262
a
8360828.SQ.FTS.B
,
5
.66
%
,
5/07/26
.....
17,016
14,424
a
8363086.SQ.FTS.B
,
5
.66
%
,
5/07/26
.....
2,622
2,491
a
8361678.SQ.FTS.B
,
6
.141
%
,
5/07/26
....
2,740
2,237
a
8363143.SQ.FTS.B
,
6
.151
%
,
5/07/26
....
17,657
16,749
a
8361761.SQ.FTS.B
,
6
.152
%
,
5/07/26
....
6,204
5,722
a
8362295.SQ.FTS.B
,
6
.154
%
,
5/07/26
....
1,655
1,583
a
8362565.SQ.FTS.B
,
6
.155
%
,
5/07/26
....
4,117
3,900
a
8363676.SQ.FTS.B
,
6
.176
%
,
5/07/26
....
1,129
1,041
a
8362553.SQ.FTS.B
,
6
.315
%
,
5/07/26
....
1,410
1,218
a
8361586.SQ.FTS.B
,
6
.321
%
,
5/07/26
....
3,044
2,825
a
8362996.SQ.FTS.B
,
6
.33
%
,
5/07/26
.....
2,822
2,694
a
8363701.SQ.FTS.B
,
6
.424
%
,
5/07/26
....
10,495
10,030
a
8362334.SQ.FTS.B
,
6
.561
%
,
5/07/26
....
1,502
1,372
a
8361960.SQ.FTS.B
,
6
.675
%
,
5/07/26
....
5,479
5,281
a
8364999.SQ.FTS.B
,
4
.78
%
,
5/08/26
.....
6,557
6,279
a
8367859.SQ.FTS.B
,
4
.78
%
,
5/08/26
.....
4,479
4,295
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8366355.SQ.FTS.B
,
4
.784
%
,
5/08/26
....
$
4,201
$
4,027
a
8365942.SQ.FTS.B
,
4
.948
%
,
5/08/26
....
1,508
1,453
a
8367817.SQ.FTS.B
,
4
.954
%
,
5/08/26
....
2,181
1,755
a
8366476.SQ.FTS.B
,
5
.11
%
,
5/08/26
.....
4,337
4,179
a
8365521.SQ.FTS.B
,
5
.409
%
,
5/08/26
....
10,456
8,845
a
8366564.SQ.FTS.B
,
5
.409
%
,
5/08/26
....
57,563
55,261
a
8367963.SQ.FTS.B
,
5
.635
%
,
5/08/26
....
13,716
13,227
a
8364759.SQ.FTS.B
,
5
.66
%
,
5/08/26
.....
6,893
6,632
a
8366185.SQ.FTS.B
,
5
.663
%
,
5/08/26
....
9,024
8,568
a
8365275.SQ.FTS.B
,
6
.146
%
,
5/08/26
....
2,023
1,939
a
8364950.SQ.FTS.B
,
6
.322
%
,
5/08/26
....
1,534
1,465
a
8365180.SQ.FTS.B
,
6
.333
%
,
5/08/26
....
3,075
2,886
a
8365389.SQ.FTS.B
,
6
.426
%
,
5/08/26
....
2,680
2,582
a
8366027.SQ.FTS.B
,
6
.545
%
,
5/08/26
....
4,894
4,615
a
8368365.SQ.FTS.B
,
4
.777
%
,
5/09/26
....
3,466
3,316
a
8368752.SQ.FTS.B
,
4
.778
%
,
5/09/26
....
7,214
6,917
a
8368328.SQ.FTS.B
,
5
.404
%
,
5/09/26
....
2,395
2,285
a
8369108.SQ.FTS.B
,
5
.408
%
,
5/09/26
....
24,353
23,369
a
8368421.SQ.FTS.B
,
5
.665
%
,
5/09/26
....
3,941
3,813
a
8368633.SQ.FTS.B
,
5
.675
%
,
5/09/26
....
1,188
1,150
a
8368496.SQ.FTS.B
,
6
.151
%
,
5/09/26
....
5,568
5,406
a
8368658.SQ.FTS.B
,
6
.155
%
,
5/09/26
....
4,052
3,929
a
8368405.SQ.FTS.B
,
6
.405
%
,
5/09/26
....
1,023
986
a
8368846.SQ.FTS.B
,
6
.422
%
,
5/09/26
....
16,526
15,396
a
8368307.SQ.FTS.B
,
6
.678
%
,
5/09/26
....
1,190
1,098
a
8369966.SQ.FTS.B
,
4
.953
%
,
5/10/26
....
1,486
1,406
a
8369487.SQ.FTS.B
,
5
.113
%
,
5/10/26
....
23,756
22,860
a
8369913.SQ.FTS.B
,
6
.15
%
,
5/10/26
.....
2,866
2,748
a
8369863.SQ.FTS.B
,
6
.331
%
,
5/10/26
....
3,394
2,336
a
8370453.SQ.FTS.B
,
4
.78
%
,
5/11/26
.....
10,976
10,538
a
8371478.SQ.FTS.B
,
4
.78
%
,
5/11/26
.....
2,262
2,169
a
8370879.SQ.FTS.B
,
4
.781
%
,
5/11/26
....
16,687
15,882
a
8370247.SQ.FTS.B
,
4
.786
%
,
5/11/26
....
3,578
3,430
a
8371244.SQ.FTS.B
,
5
.112
%
,
5/11/26
....
9,005
8,611
a
8370651.SQ.FTS.B
,
5
.115
%
,
5/11/26
....
10,062
9,680
a
8370594.SQ.FTS.B
,
5
.615
%
,
5/11/26
....
455
434
a
8370002.SQ.FTS.B
,
5
.639
%
,
5/11/26
....
1,637
1,577
a
8370339.SQ.FTS.B
,
5
.66
%
,
5/11/26
.....
2,593
2,461
a
8370063.SQ.FTS.B
,
5
.902
%
,
5/11/26
....
1,477
1,408
a
8371343.SQ.FTS.B
,
5
.91
%
,
5/11/26
.....
6,534
6,329
a
8371033.SQ.FTS.B
,
5
.912
%
,
5/11/26
....
3,061
2,918
a
8370309.SQ.FTS.B
,
6
.125
%
,
5/11/26
....
1,051
987
a
8371006.SQ.FTS.B
,
6
.141
%
,
5/11/26
....
3,338
2,739
a
8371409.SQ.FTS.B
,
6
.15
%
,
5/11/26
.....
5,292
5,059
a
8370101.SQ.FTS.B
,
6
.151
%
,
5/11/26
....
8,632
8,273
a
8370406.SQ.FTS.B
,
6
.154
%
,
5/11/26
....
3,746
3,518
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
59
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8370041.SQ.FTS.B
,
6
.166
%
,
5/11/26
....
$
931
$
891
a
8370392.SQ.FTS.B
,
6
.301
%
,
5/11/26
....
905
838
a
8371067.SQ.FTS.B
,
6
.327
%
,
5/11/26
....
10,309
9,972
a
8370600.SQ.FTS.B
,
6
.329
%
,
5/11/26
....
761
715
a
8370612.SQ.FTS.B
,
6
.42
%
,
5/11/26
.....
5,051
2,672
a
8371330.SQ.FTS.B
,
6
.424
%
,
5/11/26
....
528
512
a
8370795.SQ.FTS.B
,
6
.546
%
,
5/11/26
....
12,574
11,171
a
8371488.SQ.FTS.B
,
6
.548
%
,
5/11/26
....
8,263
7,574
a
8371460.SQ.FTS.B
,
6
.671
%
,
5/11/26
....
1,607
1,535
a
8372949.SQ.FTS.B
,
4
.774
%
,
5/12/26
....
4,275
4,097
a
8374767.SQ.FTS.B
,
4
.776
%
,
5/12/26
....
6,587
6,314
a
8373527.SQ.FTS.B
,
4
.778
%
,
5/12/26
....
7,705
7,386
a
8373180.SQ.FTS.B
,
4
.78
%
,
5/12/26
.....
317
308
a
8373227.SQ.FTS.B
,
5
.11
%
,
5/12/26
.....
8,262
7,932
a
8373631.SQ.FTS.B
,
5
.115
%
,
5/12/26
....
5,175
4,996
a
8374612.SQ.FTS.B
,
5
.12
%
,
5/12/26
.....
3,250
3,120
a
8373109.SQ.FTS.B
,
5
.402
%
,
5/12/26
....
2,000
1,855
a
8373818.SQ.FTS.B
,
5
.635
%
,
5/12/26
....
21,825
20,811
a
8373458.SQ.FTS.B
,
5
.912
%
,
5/12/26
....
3,830
3,518
a
8373052.SQ.FTS.B
,
6
.141
%
,
5/12/26
....
2,844
2,692
a
8374659.SQ.FTS.B
,
6
.145
%
,
5/12/26
....
4,123
3,902
a
8371816.SQ.FTS.B
,
6
.15
%
,
5/12/26
.....
34,630
32,987
a
8374876.SQ.FTS.B
,
6
.152
%
,
5/12/26
....
31,985
30,892
a
8372657.SQ.FTS.B
,
6
.154
%
,
5/12/26
....
9,402
7,724
a
8373371.SQ.FTS.B
,
6
.321
%
,
5/12/26
....
3,913
3,619
a
8374591.SQ.FTS.B
,
6
.419
%
,
5/12/26
....
1,827
1,724
a
8374700.SQ.FTS.B
,
6
.424
%
,
5/12/26
....
6,581
5,208
a
8374342.SQ.FTS.B
,
6
.548
%
,
5/12/26
....
23,073
20,510
a
8373201.SQ.FTS.B
,
6
.685
%
,
5/12/26
....
1,170
1,128
a
8377504.SQ.FTS.B
,
4
.779
%
,
5/13/26
....
30,595
29,267
a
8378054.SQ.FTS.B
,
4
.78
%
,
5/13/26
.....
18,810
18,053
a
8375314.SQ.FTS.B
,
4
.941
%
,
5/13/26
....
1,282
1,189
a
8376661.SQ.FTS.B
,
4
.956
%
,
5/13/26
....
1,580
1,400
a
8378569.SQ.FTS.B
,
4
.959
%
,
5/13/26
....
444
430
a
8378286.SQ.FTS.B
,
5
.11
%
,
5/13/26
.....
4,732
4,551
a
8376697.SQ.FTS.B
,
5
.113
%
,
5/13/26
....
19,941
19,104
a
8376364.SQ.FTS.B
,
5
.409
%
,
5/13/26
....
6,448
6,156
a
8376230.SQ.FTS.B
,
5
.66
%
,
5/13/26
.....
4,232
1,986
a
8376561.SQ.FTS.B
,
6
.148
%
,
5/13/26
....
4,325
4,175
a
8378017.SQ.FTS.B
,
6
.412
%
,
5/13/26
....
2,052
1,976
a
8378483.SQ.FTS.B
,
6
.42
%
,
5/13/26
.....
4,441
4,259
a
8377011.SQ.FTS.B
,
6
.421
%
,
5/13/26
....
9,478
9,190
a
8378581.SQ.FTS.B
,
6
.422
%
,
5/13/26
....
30,003
15,831
a
8378345.SQ.FTS.B
,
6
.424
%
,
5/13/26
....
6,439
6,243
a
8377299.SQ.FTS.B
,
6
.43
%
,
5/13/26
.....
2,838
2,678
a
8375380.SQ.FTS.B
,
6
.548
%
,
5/13/26
....
19,402
18,380
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8377349.SQ.FTS.B
,
6
.675
%
,
5/13/26
....
$
8,875
$
8,359
a
8380933.SQ.FTS.B
,
4
.78
%
,
5/14/26
.....
4,086
3,895
a
8381209.SQ.FTS.B
,
4
.78
%
,
5/14/26
.....
3,029
2,907
a
8380787.SQ.FTS.B
,
4
.781
%
,
5/14/26
....
2,546
2,414
a
8381919.SQ.FTS.B
,
4
.965
%
,
5/14/26
....
1,747
1,223
a
8382812.SQ.FTS.B
,
5
.112
%
,
5/14/26
....
11,349
10,915
a
8381010.SQ.FTS.B
,
5
.113
%
,
5/14/26
....
6,652
6,383
a
8384424.SQ.FTS.B
,
5
.113
%
,
5/14/26
....
22,936
21,960
a
8383275.SQ.FTS.B
,
5
.404
%
,
5/14/26
....
5,669
4,820
a
8381569.SQ.FTS.B
,
5
.41
%
,
5/14/26
.....
9,797
8,330
a
8381976.SQ.FTS.B
,
5
.909
%
,
5/14/26
....
4,526
4,237
a
8382098.SQ.FTS.B
,
6
.149
%
,
5/14/26
....
10,320
9,885
a
8383353.SQ.FTS.B
,
6
.15
%
,
5/14/26
.....
45,664
42,050
a
8380764.SQ.FTS.B
,
6
.324
%
,
5/14/26
....
1,231
1,189
a
8380834.SQ.FTS.B
,
6
.325
%
,
5/14/26
....
4,700
4,343
a
8380700.SQ.FTS.B
,
6
.421
%
,
5/14/26
....
1,270
1,212
a
8382408.SQ.FTS.B
,
6
.544
%
,
5/14/26
....
5,797
2,816
a
8383078.SQ.FTS.B
,
6
.545
%
,
5/14/26
....
5,274
5,108
a
8384219.SQ.FTS.B
,
6
.546
%
,
5/14/26
....
8,663
8,333
a
8381351.SQ.FTS.B
,
6
.55
%
,
5/14/26
.....
3,463
3,354
a
8382493.SQ.FTS.B
,
6
.55
%
,
5/14/26
.....
10,128
4,920
a
8383191.SQ.FTS.B
,
6
.67
%
,
5/14/26
.....
3,841
3,646
a
8385118.SQ.FTS.B
,
4
.96
%
,
5/15/26
.....
4,158
3,860
a
8387550.SQ.FTS.B
,
5
.409
%
,
5/15/26
....
20,820
19,961
a
8384910.SQ.FTS.B
,
5
.66
%
,
5/15/26
.....
5,533
5,313
a
8385298.SQ.FTS.B
,
5
.66
%
,
5/15/26
.....
4,120
3,905
a
8385489.SQ.FTS.B
,
5
.66
%
,
5/15/26
.....
25,681
24,315
a
8386241.SQ.FTS.B
,
5
.66
%
,
5/15/26
.....
7,398
6,302
a
8384557.SQ.FTS.B
,
5
.912
%
,
5/15/26
....
10,639
10,147
a
8386425.SQ.FTS.B
,
6
.416
%
,
5/15/26
....
3,154
3,053
a
8386567.SQ.FTS.B
,
6
.547
%
,
5/15/26
....
46,499
43,505
a
8388485.SQ.FTS.B
,
4
.777
%
,
5/16/26
....
7,906
7,586
a
8388684.SQ.FTS.B
,
4
.779
%
,
5/16/26
....
18,489
17,521
a
8388335.SQ.FTS.B
,
4
.78
%
,
5/16/26
.....
8,821
8,449
a
8387911.SQ.FTS.B
,
4
.781
%
,
5/16/26
....
4,154
3,971
a
8388466.SQ.FTS.B
,
5
.125
%
,
5/16/26
....
2,009
1,927
a
8388312.SQ.FTS.B
,
5
.427
%
,
5/16/26
....
1,393
1,336
a
8388299.SQ.FTS.B
,
5
.922
%
,
5/16/26
....
1,374
1,287
a
8387976.SQ.FTS.B
,
6
.421
%
,
5/16/26
....
20,474
19,528
a
8388656.SQ.FTS.B
,
6
.436
%
,
5/16/26
....
2,350
1,867
a
8389166.SQ.FTS.B
,
4
.778
%
,
5/17/26
....
5,682
5,447
a
8389274.SQ.FTS.B
,
4
.779
%
,
5/17/26
....
21,620
19,772
a
8389081.SQ.FTS.B
,
4
.781
%
,
5/17/26
....
4,657
4,465
a
8388985.SQ.FTS.B
,
5
.111
%
,
5/17/26
....
5,699
5,454
a
8389142.SQ.FTS.B
,
6
.154
%
,
5/17/26
....
1,111
1,050
a
8388964.SQ.FTS.B
,
6
.176
%
,
5/17/26
....
1,230
675
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
60
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8390743.SQ.FTS.B
,
4
.78
%
,
5/18/26
.....
$
14,103
$
13,510
a
8392372.SQ.FTS.B
,
4
.78
%
,
5/18/26
.....
8,487
8,122
a
8392494.SQ.FTS.B
,
4
.78
%
,
5/18/26
.....
12,986
12,465
a
8391872.SQ.FTS.B
,
4
.785
%
,
5/18/26
....
5,496
5,238
a
8391986.SQ.FTS.B
,
5
.112
%
,
5/18/26
....
10,304
9,164
a
8392140.SQ.FTS.B
,
5
.407
%
,
5/18/26
....
10,826
10,314
a
8390042.SQ.FTS.B
,
5
.66
%
,
5/18/26
.....
3,074
2,626
a
8390121.SQ.FTS.B
,
5
.66
%
,
5/18/26
.....
12,206
10,432
a
8392809.SQ.FTS.B
,
5
.673
%
,
5/18/26
....
1,190
1,151
a
8389844.SQ.FTS.B
,
5
.915
%
,
5/18/26
....
4,661
4,282
a
8391090.SQ.FTS.B
,
6
.15
%
,
5/18/26
.....
10,999
10,652
a
8390639.SQ.FTS.B
,
6
.427
%
,
5/18/26
....
1,521
1,429
a
8389964.SQ.FTS.B
,
6
.551
%
,
5/18/26
....
1,700
1,635
a
8392850.SQ.FTS.B
,
6
.674
%
,
5/18/26
....
31,867
30,437
a
8396042.SQ.FTS.B
,
4
.774
%
,
5/19/26
....
2,922
2,798
a
8393479.SQ.FTS.B
,
4
.78
%
,
5/19/26
.....
75,306
72,113
a
8396180.SQ.FTS.B
,
4
.959
%
,
5/19/26
....
1,221
1,136
a
8396115.SQ.FTS.B
,
5
.115
%
,
5/19/26
....
3,831
3,408
a
8395913.SQ.FTS.B
,
5
.117
%
,
5/19/26
....
1,965
1,881
a
8396513.SQ.FTS.B
,
5
.408
%
,
5/19/26
....
40,634
39,041
a
8396466.SQ.FTS.B
,
6
.145
%
,
5/19/26
....
1,430
1,387
a
8395941.SQ.FTS.B
,
6
.146
%
,
5/19/26
....
5,277
4,988
a
8395564.SQ.FTS.B
,
6
.152
%
,
5/19/26
....
14,410
13,710
a
8396223.SQ.FTS.B
,
6
.152
%
,
5/19/26
....
10,621
10,282
a
8397736.SQ.FTS.B
,
4
.78
%
,
5/20/26
.....
1,787
1,734
a
8400526.SQ.FTS.B
,
4
.78
%
,
5/20/26
.....
3,866
3,684
a
8397435.SQ.FTS.B
,
4
.782
%
,
5/20/26
....
9,733
9,320
a
8397300.SQ.FTS.B
,
4
.955
%
,
5/20/26
....
4,076
3,356
a
8398221.SQ.FTS.B
,
5
.111
%
,
5/20/26
....
14,715
14,113
a
8400607.SQ.FTS.B
,
5
.409
%
,
5/20/26
....
38,291
36,683
a
8398764.SQ.FTS.B
,
5
.66
%
,
5/20/26
.....
25,898
24,818
a
8397213.SQ.FTS.B
,
5
.682
%
,
5/20/26
....
1,415
1,315
a
8400582.SQ.FTS.B
,
6
.14
%
,
5/20/26
.....
1,061
1,009
a
8398074.SQ.FTS.B
,
6
.144
%
,
5/20/26
....
1,116
1,082
a
8399539.SQ.FTS.B
,
6
.422
%
,
5/20/26
....
37,736
35,810
a
8400293.SQ.FTS.B
,
6
.423
%
,
5/20/26
....
14,919
13,870
a
8397875.SQ.FTS.B
,
6
.561
%
,
5/20/26
....
1,088
1,053
a
8397958.SQ.FTS.B
,
6
.667
%
,
5/20/26
....
1,789
1,725
a
8400562.SQ.FTS.B
,
6
.691
%
,
5/20/26
....
941
893
a
8405604.SQ.FTS.B
,
4
.78
%
,
5/21/26
.....
60,101
57,522
a
8405253.SQ.FTS.B
,
5
.116
%
,
5/21/26
....
8,545
8,130
a
8403636.SQ.FTS.B
,
5
.117
%
,
5/21/26
....
8,272
7,366
a
8405594.SQ.FTS.B
,
5
.121
%
,
5/21/26
....
1,309
1,248
a
8403339.SQ.FTS.B
,
5
.409
%
,
5/21/26
....
6,343
5,425
a
8405488.SQ.FTS.B
,
5
.634
%
,
5/21/26
....
804
773
a
8407167.SQ.FTS.B
,
5
.66
%
,
5/21/26
.....
33,835
32,428
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8405508.SQ.FTS.B
,
5
.91
%
,
5/21/26
.....
$
5,400
$
5,149
a
8404324.SQ.FTS.B
,
5
.912
%
,
5/21/26
....
18,448
17,486
a
8403605.SQ.FTS.B
,
6
.155
%
,
5/21/26
....
2,001
1,890
a
8403818.SQ.FTS.B
,
6
.327
%
,
5/21/26
....
9,784
9,168
a
8403445.SQ.FTS.B
,
6
.424
%
,
5/21/26
....
6,504
6,170
a
8406914.SQ.FTS.B
,
6
.547
%
,
5/21/26
....
13,587
12,083
a
8405005.SQ.FTS.B
,
6
.55
%
,
5/21/26
.....
6,103
5,757
a
8405158.SQ.FTS.B
,
6
.551
%
,
5/21/26
....
3,029
2,873
a
8407557.SQ.FTS.B
,
4
.78
%
,
5/22/26
.....
12,635
12,088
a
8409985.SQ.FTS.B
,
4
.78
%
,
5/22/26
.....
2,817
2,698
a
8412573.SQ.FTS.B
,
4
.784
%
,
5/22/26
....
6,973
6,382
a
8411563.SQ.FTS.B
,
5
.113
%
,
5/22/26
....
32,211
30,955
a
8412740.SQ.FTS.B
,
5
.113
%
,
5/22/26
....
37,815
36,249
a
8409613.SQ.FTS.B
,
5
.632
%
,
5/22/26
....
9,360
8,068
a
8408068.SQ.FTS.B
,
6
.324
%
,
5/22/26
....
5,531
5,287
a
8408650.SQ.FTS.B
,
6
.324
%
,
5/22/26
....
2,493
2,382
a
8409449.SQ.FTS.B
,
6
.333
%
,
5/22/26
....
3,286
3,176
a
8410246.SQ.FTS.B
,
6
.42
%
,
5/22/26
.....
12,021
10,970
a
8408825.SQ.FTS.B
,
6
.422
%
,
5/22/26
....
12,532
11,935
a
8408339.SQ.FTS.B
,
6
.551
%
,
5/22/26
....
5,517
4,166
a
8413035.SQ.FTS.B
,
4
.78
%
,
5/23/26
.....
6,321
6,022
a
8413525.SQ.FTS.B
,
4
.78
%
,
5/23/26
.....
3,790
3,628
a
8413151.SQ.FTS.B
,
5
.112
%
,
5/23/26
....
6,808
6,447
a
8413699.SQ.FTS.B
,
5
.409
%
,
5/23/26
....
12,475
11,958
a
8413274.SQ.FTS.B
,
5
.413
%
,
5/23/26
....
2,594
2,469
a
8413252.SQ.FTS.B
,
5
.622
%
,
5/23/26
....
432
417
a
8413651.SQ.FTS.B
,
5
.636
%
,
5/23/26
....
1,860
1,776
a
8413384.SQ.FTS.B
,
5
.912
%
,
5/23/26
....
8,575
7,873
a
8413370.SQ.FTS.B
,
6
.309
%
,
5/23/26
....
975
932
a
8413600.SQ.FTS.B
,
6
.43
%
,
5/23/26
.....
2,976
2,823
a
8413318.SQ.FTS.B
,
6
.547
%
,
5/23/26
....
1,764
1,706
a
8414341.SQ.FTS.B
,
4
.775
%
,
5/24/26
....
5,929
5,663
a
8414293.SQ.FTS.B
,
4
.776
%
,
5/24/26
....
3,275
3,001
a
8413960.SQ.FTS.B
,
4
.779
%
,
5/24/26
....
9,385
8,977
a
8414495.SQ.FTS.B
,
4
.781
%
,
5/24/26
....
9,604
8,793
a
8414449.SQ.FTS.B
,
4
.962
%
,
5/24/26
....
1,010
966
a
8414118.SQ.FTS.B
,
5
.115
%
,
5/24/26
....
7,732
7,391
a
8414477.SQ.FTS.B
,
6
.13
%
,
5/24/26
.....
1,200
1,140
a
8414642.SQ.FTS.B
,
6
.423
%
,
5/24/26
....
18,052
17,183
a
8418472.SQ.FTS.B
,
4
.78
%
,
5/25/26
.....
14,502
13,726
a
8417488.SQ.FTS.B
,
5
.112
%
,
5/25/26
....
15,454
14,808
a
8416924.SQ.FTS.B
,
5
.116
%
,
5/25/26
....
8,462
8,115
a
8418827.SQ.FTS.B
,
5
.409
%
,
5/25/26
....
64,452
55,422
a
8416006.SQ.FTS.B
,
6
.15
%
,
5/25/26
.....
20,185
19,061
a
8417948.SQ.FTS.B
,
6
.152
%
,
5/25/26
....
18,737
17,885
a
8417456.SQ.FTS.B
,
6
.153
%
,
5/25/26
....
1,943
1,855
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
61
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8417241.SQ.FTS.B
,
6
.329
%
,
5/25/26
....
$
7,326
$
6,677
a
8417903.SQ.FTS.B
,
6
.43
%
,
5/25/26
.....
1,959
1,875
a
8418825.SQ.FTS.B
,
6
.682
%
,
5/25/26
....
789
700
a
8423317.SQ.FTS.B
,
4
.777
%
,
5/26/26
....
5,026
4,799
a
8421042.SQ.FTS.B
,
4
.778
%
,
5/26/26
....
10,563
10,086
a
8421971.SQ.FTS.B
,
4
.779
%
,
5/26/26
....
3,158
3,021
a
8422610.SQ.FTS.B
,
4
.779
%
,
5/26/26
....
22,345
21,374
a
8421561.SQ.FTS.B
,
4
.781
%
,
5/26/26
....
8,270
7,917
a
8424891.SQ.FTS.B
,
5
.112
%
,
5/26/26
....
15,343
14,738
a
8421275.SQ.FTS.B
,
5
.405
%
,
5/26/26
....
6,322
6,055
a
8422169.SQ.FTS.B
,
5
.663
%
,
5/26/26
....
12,434
11,539
a
8421895.SQ.FTS.B
,
5
.905
%
,
5/26/26
....
1,485
1,416
a
8424605.SQ.FTS.B
,
5
.911
%
,
5/26/26
....
11,153
10,577
a
8423462.SQ.FTS.B
,
5
.912
%
,
5/26/26
....
5,564
5,223
a
8423593.SQ.FTS.B
,
5
.922
%
,
5/26/26
....
2,843
2,691
a
8423665.SQ.FTS.B
,
6
.152
%
,
5/26/26
....
38,474
36,513
a
8421807.SQ.FTS.B
,
6
.164
%
,
5/26/26
....
2,004
1,933
a
8421514.SQ.FTS.B
,
6
.334
%
,
5/26/26
....
723
703
a
8421475.SQ.FTS.B
,
6
.679
%
,
5/26/26
....
838
811
a
8429303.SQ.FTS.B
,
4
.78
%
,
5/27/26
.....
35,310
33,415
a
8430002.SQ.FTS.B
,
4
.781
%
,
5/27/26
....
7,385
7,071
a
8427943.SQ.FTS.B
,
4
.787
%
,
5/27/26
....
3,322
3,180
a
8427809.SQ.FTS.B
,
4
.791
%
,
5/27/26
....
1,986
1,885
a
8427276.SQ.FTS.B
,
5
.113
%
,
5/27/26
....
14,040
13,441
a
8430236.SQ.FTS.B
,
5
.409
%
,
5/27/26
....
50,287
46,553
a
8431097.SQ.FTS.B
,
5
.409
%
,
5/27/26
....
22,392
21,424
a
8431504.SQ.FTS.B
,
5
.634
%
,
5/27/26
....
9,528
9,202
a
8427877.SQ.FTS.B
,
6
.141
%
,
5/27/26
....
1,858
1,762
a
8428119.SQ.FTS.B
,
6
.549
%
,
5/27/26
....
9,035
8,552
a
8431917.SQ.FTS.B
,
4
.779
%
,
5/28/26
....
3,076
2,927
a
8431883.SQ.FTS.B
,
4
.78
%
,
5/28/26
.....
3,106
2,846
a
8432444.SQ.FTS.B
,
4
.78
%
,
5/28/26
.....
61,497
56,349
a
8431964.SQ.FTS.B
,
4
.781
%
,
5/28/26
....
3,173
3,001
a
8431865.SQ.FTS.B
,
5
.627
%
,
5/28/26
....
3,051
2,136
a
8432009.SQ.FTS.B
,
5
.635
%
,
5/28/26
....
19,240
18,496
a
8431777.SQ.FTS.B
,
5
.663
%
,
5/28/26
....
10,705
10,108
a
8432371.SQ.FTS.B
,
6
.15
%
,
5/28/26
.....
7,132
4,560
a
8431678.SQ.FTS.B
,
6
.153
%
,
5/28/26
....
6,094
5,748
a
8434351.SQ.FTS.B
,
4
.78
%
,
5/29/26
.....
2,821
2,702
a
8435926.SQ.FTS.B
,
4
.78
%
,
5/29/26
.....
10,339
9,885
a
8435851.SQ.FTS.B
,
4
.783
%
,
5/29/26
....
2,905
2,662
a
8435782.SQ.FTS.B
,
4
.943
%
,
5/29/26
....
2,050
1,836
a
8435717.SQ.FTS.B
,
4
.95
%
,
5/29/26
.....
2,884
2,687
a
8436467.SQ.FTS.B
,
4
.962
%
,
5/29/26
....
1,341
631
a
8435238.SQ.FTS.B
,
4
.979
%
,
5/29/26
....
1,291
843
a
8436849.SQ.FTS.B
,
5
.115
%
,
5/29/26
....
4,072
3,897
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8436180.SQ.FTS.B
,
5
.346
%
,
5/29/26
....
$
354
$
339
a
8435349.SQ.FTS.B
,
5
.643
%
,
5/29/26
....
624
604
a
8434164.SQ.FTS.B
,
5
.66
%
,
5/29/26
.....
6,951
5,982
a
8436193.SQ.FTS.B
,
5
.66
%
,
5/29/26
.....
5,731
5,421
a
8434459.SQ.FTS.B
,
5
.912
%
,
5/29/26
....
25,850
24,850
a
8435257.SQ.FTS.B
,
5
.917
%
,
5/29/26
....
6,783
6,230
a
8436780.SQ.FTS.B
,
6
.149
%
,
5/29/26
....
3,250
3,066
a
8436347.SQ.FTS.B
,
6
.417
%
,
5/29/26
....
5,623
5,345
a
8436507.SQ.FTS.B
,
6
.424
%
,
5/29/26
....
2,428
2,309
a
8435410.SQ.FTS.B
,
6
.673
%
,
5/29/26
....
11,799
11,155
a
8437733.SQ.FTS.B
,
4
.78
%
,
5/30/26
.....
2,425
2,319
a
8437781.SQ.FTS.B
,
4
.781
%
,
5/30/26
....
10,546
10,092
a
8437080.SQ.FTS.B
,
5
.112
%
,
5/30/26
....
19,081
18,216
a
8437571.SQ.FTS.B
,
5
.66
%
,
5/30/26
.....
8,032
7,596
a
8437537.SQ.FTS.B
,
6
.314
%
,
5/30/26
....
2,021
1,770
a
8438834.SQ.FTS.B
,
4
.771
%
,
6/01/26
....
2,633
2,520
a
8438176.SQ.FTS.B
,
4
.779
%
,
6/01/26
....
9,464
9,030
a
8438508.SQ.FTS.B
,
5
.114
%
,
6/01/26
....
12,459
11,853
a
8438894.SQ.FTS.B
,
5
.115
%
,
6/01/26
....
1,363
1,307
a
8438474.SQ.FTS.B
,
5
.132
%
,
6/01/26
....
1,270
1,190
a
8437981.SQ.FTS.B
,
5
.409
%
,
6/01/26
....
7,362
6,976
a
8438932.SQ.FTS.B
,
5
.913
%
,
6/01/26
....
9,483
9,030
a
8438151.SQ.FTS.B
,
6
.175
%
,
6/01/26
....
945
901
a
8442089.SQ.FTS.B
,
4
.778
%
,
6/02/26
....
6,313
6,026
a
8441975.SQ.FTS.B
,
4
.78
%
,
6/02/26
.....
3,914
3,737
a
8442306.SQ.FTS.B
,
4
.78
%
,
6/02/26
.....
7,081
6,774
a
8442072.SQ.FTS.B
,
4
.912
%
,
6/02/26
....
631
418
a
8444207.SQ.FTS.B
,
4
.942
%
,
6/02/26
....
537
503
a
8444283.SQ.FTS.B
,
5
.11
%
,
6/02/26
.....
5,465
5,199
a
8441579.SQ.FTS.B
,
5
.115
%
,
6/02/26
....
13,610
12,886
a
8440506.SQ.FTS.B
,
5
.635
%
,
6/02/26
....
2,919
2,825
a
8440181.SQ.FTS.B
,
5
.639
%
,
6/02/26
....
2,715
2,521
a
8442510.SQ.FTS.B
,
5
.66
%
,
6/02/26
.....
2,833
2,706
a
8439564.SQ.FTS.B
,
5
.908
%
,
6/02/26
....
1,606
1,518
a
8442717.SQ.FTS.B
,
5
.912
%
,
6/02/26
....
38,668
36,905
a
8441333.SQ.FTS.B
,
6
.148
%
,
6/02/26
....
3,904
3,755
a
8439516.SQ.FTS.B
,
6
.289
%
,
6/02/26
....
616
588
a
8439664.SQ.FTS.B
,
6
.323
%
,
6/02/26
....
3,659
3,419
a
8444239.SQ.FTS.B
,
6
.413
%
,
6/02/26
....
1,200
1,162
a
8441018.SQ.FTS.B
,
6
.419
%
,
6/02/26
....
8,041
7,625
a
8441526.SQ.FTS.B
,
6
.42
%
,
6/02/26
.....
2,241
2,125
a
8442583.SQ.FTS.B
,
6
.426
%
,
6/02/26
....
2,733
2,646
a
8444141.SQ.FTS.B
,
6
.427
%
,
6/02/26
....
2,600
2,444
a
8439931.SQ.FTS.B
,
6
.559
%
,
6/02/26
....
2,484
1,922
a
8442481.SQ.FTS.B
,
6
.649
%
,
6/02/26
....
646
603
a
8444109.SQ.FTS.B
,
6
.668
%
,
6/02/26
....
881
799
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
62
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8449243.SQ.FTS.B
,
4
.779
%
,
6/03/26
....
$
16,086
$
15,414
a
8445052.SQ.FTS.B
,
4
.78
%
,
6/03/26
.....
4,302
4,117
a
8448034.SQ.FTS.B
,
4
.78
%
,
6/03/26
.....
46,698
42,827
a
8447720.SQ.FTS.B
,
4
.954
%
,
6/03/26
....
845
772
a
8444557.SQ.FTS.B
,
5
.409
%
,
6/03/26
....
15,698
14,838
a
8447734.SQ.FTS.B
,
5
.409
%
,
6/03/26
....
18,059
16,999
a
8444430.SQ.FTS.B
,
5
.666
%
,
6/03/26
....
4,778
4,562
a
8445955.SQ.FTS.B
,
5
.912
%
,
6/03/26
....
78,159
73,914
a
8449069.SQ.FTS.B
,
6
.15
%
,
6/03/26
.....
7,649
7,159
a
8445397.SQ.FTS.B
,
6
.325
%
,
6/03/26
....
14,391
10,610
a
8448998.SQ.FTS.B
,
6
.334
%
,
6/03/26
....
3,664
3,219
a
8445246.SQ.FTS.B
,
6
.554
%
,
6/03/26
....
3,548
3,344
a
8444330.SQ.FTS.B
,
6
.674
%
,
6/03/26
....
3,132
2,956
a
8452856.SQ.FTS.B
,
4
.769
%
,
6/04/26
....
1,171
1,118
a
8449696.SQ.FTS.B
,
4
.78
%
,
6/04/26
.....
15,195
14,538
a
8451367.SQ.FTS.B
,
4
.787
%
,
6/04/26
....
3,874
3,697
a
8449594.SQ.FTS.B
,
4
.965
%
,
6/04/26
....
1,766
1,644
a
8450281.SQ.FTS.B
,
5
.119
%
,
6/04/26
....
4,694
4,490
a
8451575.SQ.FTS.B
,
5
.409
%
,
6/04/26
....
36,779
35,062
a
8452873.SQ.FTS.B
,
5
.409
%
,
6/04/26
....
64,411
61,403
a
8450121.SQ.FTS.B
,
5
.907
%
,
6/04/26
....
1,796
1,728
a
8449646.SQ.FTS.B
,
5
.912
%
,
6/04/26
....
2,113
1,815
a
8450445.SQ.FTS.B
,
6
.15
%
,
6/04/26
.....
19,872
19,099
a
8454125.SQ.FTS.B
,
6
.152
%
,
6/04/26
....
27,652
23,166
a
8452640.SQ.FTS.B
,
6
.319
%
,
6/04/26
....
2,969
2,610
a
8450085.SQ.FTS.B
,
6
.415
%
,
6/04/26
....
1,259
1,206
a
8449424.SQ.FTS.B
,
6
.419
%
,
6/04/26
....
2,349
2,227
a
8452668.SQ.FTS.B
,
6
.547
%
,
6/04/26
....
9,541
9,247
a
8450201.SQ.FTS.B
,
6
.666
%
,
6/04/26
....
4,442
3,950
a
8454101.SQ.FTS.B
,
6
.67
%
,
6/04/26
.....
1,377
1,313
a
8460835.SQ.FTS.B
,
4
.778
%
,
6/05/26
....
11,071
10,558
a
8457622.SQ.FTS.B
,
4
.78
%
,
6/05/26
.....
2,876
2,751
a
8460250.SQ.FTS.B
,
4
.78
%
,
6/05/26
.....
973
928
a
8457419.SQ.FTS.B
,
4
.782
%
,
6/05/26
....
6,869
6,552
a
8458102.SQ.FTS.B
,
4
.935
%
,
6/05/26
....
361
348
a
8461018.SQ.FTS.B
,
5
.113
%
,
6/05/26
....
22,126
19,803
a
8458127.SQ.FTS.B
,
5
.114
%
,
6/05/26
....
19,354
18,315
a
8456924.SQ.FTS.B
,
5
.409
%
,
6/05/26
....
7,326
6,993
a
8459618.SQ.FTS.B
,
5
.409
%
,
6/05/26
....
17,911
16,559
a
8460259.SQ.FTS.B
,
5
.412
%
,
6/05/26
....
1,805
1,730
a
8459911.SQ.FTS.B
,
5
.66
%
,
6/05/26
.....
1,018
728
a
8459919.SQ.FTS.B
,
5
.909
%
,
6/05/26
....
6,733
3,874
a
8458765.SQ.FTS.B
,
5
.912
%
,
6/05/26
....
14,655
14,103
a
8456847.SQ.FTS.B
,
5
.919
%
,
6/05/26
....
2,991
2,875
a
8459454.SQ.FTS.B
,
6
.148
%
,
6/05/26
....
7,713
7,305
a
8457158.SQ.FTS.B
,
6
.151
%
,
6/05/26
....
15,844
14,525
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8460300.SQ.FTS.B
,
6
.422
%
,
6/05/26
....
$
21,916
$
20,578
a
8457102.SQ.FTS.B
,
6
.428
%
,
6/05/26
....
5,736
4,688
a
8460773.SQ.FTS.B
,
6
.553
%
,
6/05/26
....
3,102
2,992
a
8457678.SQ.FTS.B
,
6
.673
%
,
6/05/26
....
8,317
7,924
a
8460065.SQ.FTS.B
,
6
.674
%
,
6/05/26
....
6,862
6,569
a
8462366.SQ.FTS.B
,
4
.778
%
,
6/06/26
....
15,298
14,626
a
8465231.SQ.FTS.B
,
4
.778
%
,
6/06/26
....
5,045
4,824
a
8465887.SQ.FTS.B
,
4
.778
%
,
6/06/26
....
15,444
14,752
a
8461445.SQ.FTS.B
,
4
.78
%
,
6/06/26
.....
29,383
27,870
a
8463084.SQ.FTS.B
,
4
.78
%
,
6/06/26
.....
9,470
9,088
a
8464007.SQ.FTS.B
,
4
.78
%
,
6/06/26
.....
49,025
46,790
a
8465101.SQ.FTS.B
,
4
.782
%
,
6/06/26
....
5,793
5,538
a
8463921.SQ.FTS.B
,
4
.948
%
,
6/06/26
....
2,607
2,381
a
8463011.SQ.FTS.B
,
5
.66
%
,
6/06/26
.....
1,729
1,655
a
8465440.SQ.FTS.B
,
6
.422
%
,
6/06/26
....
16,230
15,379
a
8463484.SQ.FTS.B
,
6
.672
%
,
6/06/26
....
14,828
14,198
a
8465909.SQ.FTS.B
,
6
.151
%
,
6/07/26
....
77,520
73,945
a
8467202.SQ.FTS.B
,
4
.78
%
,
6/08/26
.....
10,713
10,235
a
8467502.SQ.FTS.B
,
4
.78
%
,
6/08/26
.....
8,625
8,242
a
8467489.SQ.FTS.B
,
6
.289
%
,
6/08/26
....
684
638
a
8467364.SQ.FTS.B
,
6
.549
%
,
6/08/26
....
7,905
7,275
a
8467646.SQ.FTS.B
,
6
.657
%
,
6/08/26
....
1,719
1,295
a
8472098.SQ.FTS.B
,
4
.779
%
,
6/09/26
....
15,408
14,729
a
8469094.SQ.FTS.B
,
4
.78
%
,
6/09/26
.....
4,002
3,815
a
8470098.SQ.FTS.B
,
5
.109
%
,
6/09/26
....
7,139
6,805
a
8471701.SQ.FTS.B
,
5
.113
%
,
6/09/26
....
16,390
15,659
a
8470542.SQ.FTS.B
,
5
.114
%
,
6/09/26
....
16,007
15,222
a
8468604.SQ.FTS.B
,
5
.115
%
,
6/09/26
....
725
696
a
8470851.SQ.FTS.B
,
5
.116
%
,
6/09/26
....
3,547
3,395
a
8469404.SQ.FTS.B
,
5
.412
%
,
6/09/26
....
9,918
9,445
a
8469043.SQ.FTS.B
,
5
.425
%
,
6/09/26
....
1,647
1,548
a
8472022.SQ.FTS.B
,
5
.633
%
,
6/09/26
....
1,166
1,005
a
8471165.SQ.FTS.B
,
5
.635
%
,
6/09/26
....
20,645
19,840
a
8468635.SQ.FTS.B
,
5
.911
%
,
6/09/26
....
7,158
6,759
a
8472046.SQ.FTS.B
,
5
.926
%
,
6/09/26
....
1,667
1,574
a
8469748.SQ.FTS.B
,
6
.151
%
,
6/09/26
....
18,250
17,402
a
8470933.SQ.FTS.B
,
6
.153
%
,
6/09/26
....
12,071
11,300
a
8471149.SQ.FTS.B
,
6
.157
%
,
6/09/26
....
1,679
1,582
a
8469278.SQ.FTS.B
,
6
.16
%
,
6/09/26
.....
2,869
2,560
a
8469671.SQ.FTS.B
,
6
.325
%
,
6/09/26
....
2,747
2,622
a
8470455.SQ.FTS.B
,
6
.325
%
,
6/09/26
....
2,770
2,645
a
8470281.SQ.FTS.B
,
6
.419
%
,
6/09/26
....
12,338
10,170
a
8468131.SQ.FTS.B
,
6
.42
%
,
6/09/26
.....
13,631
12,424
a
8471115.SQ.FTS.B
,
6
.666
%
,
6/09/26
....
2,183
2,057
a
8472078.SQ.FTS.B
,
6
.667
%
,
6/09/26
....
1,412
1,325
a
8476849.SQ.FTS.B
,
4
.777
%
,
6/10/26
....
5,688
5,434
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
63
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8474537.SQ.FTS.B
,
4
.78
%
,
6/10/26
.....
$
23,388
$
21,487
a
8476347.SQ.FTS.B
,
4
.78
%
,
6/10/26
.....
7,352
7,023
a
8476445.SQ.FTS.B
,
4
.78
%
,
6/10/26
.....
3,879
3,706
a
8476950.SQ.FTS.B
,
4
.78
%
,
6/10/26
.....
6,205
5,917
a
8475188.SQ.FTS.B
,
4
.781
%
,
6/10/26
....
27,932
26,558
a
8475672.SQ.FTS.B
,
5
.115
%
,
6/10/26
....
14,286
13,676
a
8472341.SQ.FTS.B
,
5
.119
%
,
6/10/26
....
4,413
4,232
a
8476495.SQ.FTS.B
,
5
.409
%
,
6/10/26
....
6,452
6,164
a
8476816.SQ.FTS.B
,
5
.618
%
,
6/10/26
....
1,294
1,216
a
8473524.SQ.FTS.B
,
6
.15
%
,
6/10/26
.....
24,039
22,909
a
8476774.SQ.FTS.B
,
6
.326
%
,
6/10/26
....
1,613
1,539
a
8472532.SQ.FTS.B
,
6
.42
%
,
6/10/26
.....
15,034
14,311
a
8476539.SQ.FTS.B
,
6
.423
%
,
6/10/26
....
13,151
10,838
a
8475043.SQ.FTS.B
,
6
.424
%
,
6/10/26
....
7,413
6,110
a
8476689.SQ.FTS.B
,
6
.547
%
,
6/10/26
....
5,200
4,971
a
8476059.SQ.FTS.B
,
6
.676
%
,
6/10/26
....
11,421
10,700
a
8476769.SQ.FTS.B
,
6
.688
%
,
6/10/26
....
1,196
906
a
8479895.SQ.FTS.B
,
4
.78
%
,
6/11/26
.....
12,858
12,257
a
8480123.SQ.FTS.B
,
4
.78
%
,
6/11/26
.....
3,524
3,358
a
8480562.SQ.FTS.B
,
4
.78
%
,
6/11/26
.....
4,521
4,308
a
8479657.SQ.FTS.B
,
4
.781
%
,
6/11/26
....
11,113
10,610
a
8480463.SQ.FTS.B
,
4
.96
%
,
6/11/26
.....
3,905
2,714
a
8479620.SQ.FTS.B
,
4
.972
%
,
6/11/26
....
778
741
a
8477334.SQ.FTS.B
,
5
.113
%
,
6/11/26
....
48,997
46,789
a
8480761.SQ.FTS.B
,
5
.127
%
,
6/11/26
....
2,107
2,016
a
8480803.SQ.FTS.B
,
5
.663
%
,
6/11/26
....
12,191
11,492
a
8477090.SQ.FTS.B
,
5
.665
%
,
6/11/26
....
6,680
6,406
a
8480074.SQ.FTS.B
,
6
.144
%
,
6/11/26
....
3,846
3,664
a
8478941.SQ.FTS.B
,
6
.148
%
,
6/11/26
....
5,625
5,359
a
8479083.SQ.FTS.B
,
6
.15
%
,
6/11/26
.....
13,002
12,553
a
8480675.SQ.FTS.B
,
6
.157
%
,
6/11/26
....
3,961
3,800
a
8479854.SQ.FTS.B
,
6
.17
%
,
6/11/26
.....
1,410
1,342
a
8479639.SQ.FTS.B
,
6
.419
%
,
6/11/26
....
501
484
a
8480113.SQ.FTS.B
,
6
.533
%
,
6/11/26
....
1,613
1,443
a
8480168.SQ.FTS.B
,
6
.548
%
,
6/11/26
....
16,975
16,098
a
8485153.SQ.FTS.B
,
4
.78
%
,
6/12/26
.....
2,547
2,420
a
8488004.SQ.FTS.B
,
4
.78
%
,
6/12/26
.....
2,141
1,977
a
8484092.SQ.FTS.B
,
4
.782
%
,
6/12/26
....
7,627
7,265
a
8485119.SQ.FTS.B
,
4
.935
%
,
6/12/26
....
580
552
a
8487517.SQ.FTS.B
,
4
.95
%
,
6/12/26
.....
441
420
a
8485124.SQ.FTS.B
,
4
.953
%
,
6/12/26
....
3,247
2,758
a
8488063.SQ.FTS.B
,
4
.957
%
,
6/12/26
....
1,891
1,319
a
8484682.SQ.FTS.B
,
5
.114
%
,
6/12/26
....
13,078
12,416
a
8487531.SQ.FTS.B
,
5
.404
%
,
6/12/26
....
4,150
3,954
a
8483677.SQ.FTS.B
,
5
.409
%
,
6/12/26
....
13,738
11,932
a
8488078.SQ.FTS.B
,
5
.409
%
,
6/12/26
....
1,864
1,780
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8488107.SQ.FTS.B
,
5
.409
%
,
6/12/26
....
$
39,176
$
36,779
a
8487656.SQ.FTS.B
,
5
.911
%
,
6/12/26
....
23,707
20,517
a
8483299.SQ.FTS.B
,
6
.153
%
,
6/12/26
....
15,627
13,240
a
8484535.SQ.FTS.B
,
6
.328
%
,
6/12/26
....
4,075
3,913
a
8485522.SQ.FTS.B
,
6
.42
%
,
6/12/26
.....
13,148
12,437
a
8486566.SQ.FTS.B
,
6
.421
%
,
6/12/26
....
42,418
38,637
a
8485193.SQ.FTS.B
,
6
.424
%
,
6/12/26
....
4,106
3,740
a
8484441.SQ.FTS.B
,
6
.433
%
,
6/12/26
....
2,176
2,071
a
8485266.SQ.FTS.B
,
6
.548
%
,
6/12/26
....
9,703
9,170
a
8488023.SQ.FTS.B
,
6
.672
%
,
6/12/26
....
3,094
2,356
a
8484968.SQ.FTS.B
,
6
.676
%
,
6/12/26
....
5,591
5,378
a
8490283.SQ.FTS.B
,
4
.78
%
,
6/13/26
.....
8,617
8,212
a
8490498.SQ.FTS.B
,
4
.78
%
,
6/13/26
.....
5,254
4,962
a
8490622.SQ.FTS.B
,
4
.781
%
,
6/13/26
....
38,485
36,740
a
8491568.SQ.FTS.B
,
4
.935
%
,
6/13/26
....
998
895
a
8489971.SQ.FTS.B
,
5
.113
%
,
6/13/26
....
10,700
9,644
a
8488760.SQ.FTS.B
,
5
.114
%
,
6/13/26
....
9,164
8,725
a
8489060.SQ.FTS.B
,
5
.116
%
,
6/13/26
....
4,732
4,532
a
8492312.SQ.FTS.B
,
5
.393
%
,
6/13/26
....
1,553
1,466
a
8488148.SQ.FTS.B
,
5
.409
%
,
6/13/26
....
15,135
13,144
a
8491585.SQ.FTS.B
,
6
.155
%
,
6/13/26
....
3,309
3,130
a
8489361.SQ.FTS.B
,
6
.422
%
,
6/13/26
....
9,501
9,187
a
8491734.SQ.FTS.B
,
6
.423
%
,
6/13/26
....
10,509
9,936
a
8491977.SQ.FTS.B
,
6
.428
%
,
6/13/26
....
3,279
2,717
a
8492330.SQ.FTS.B
,
6
.545
%
,
6/13/26
....
10,745
10,095
a
8492038.SQ.FTS.B
,
6
.548
%
,
6/13/26
....
8,478
8,010
a
8493064.SQ.FTS.B
,
4
.78
%
,
6/14/26
.....
7,313
6,996
a
8493182.SQ.FTS.B
,
4
.924
%
,
6/14/26
....
1,011
711
a
8493202.SQ.FTS.B
,
4
.951
%
,
6/14/26
....
1,870
1,799
a
8492444.SQ.FTS.B
,
5
.11
%
,
6/14/26
.....
6,220
5,904
a
8492539.SQ.FTS.B
,
5
.409
%
,
6/14/26
....
30,815
29,415
a
8493263.SQ.FTS.B
,
4
.777
%
,
6/15/26
....
2,745
2,608
a
8493423.SQ.FTS.B
,
4
.78
%
,
6/15/26
.....
42,130
38,752
a
8493298.SQ.FTS.B
,
6
.409
%
,
6/15/26
....
925
884
a
8493310.SQ.FTS.B
,
6
.42
%
,
6/15/26
.....
5,613
5,304
a
8494017.SQ.FTS.B
,
6
.424
%
,
6/15/26
....
9,045
8,599
a
8495219.SQ.FTS.B
,
4
.782
%
,
6/16/26
....
14,710
14,038
a
8494878.SQ.FTS.B
,
4
.964
%
,
6/16/26
....
3,139
2,868
a
8497508.SQ.FTS.B
,
5
.109
%
,
6/16/26
....
6,281
6,003
a
8496877.SQ.FTS.B
,
5
.11
%
,
6/16/26
.....
9,419
8,985
a
8497694.SQ.FTS.B
,
5
.11
%
,
6/16/26
.....
9,860
9,342
a
8496219.SQ.FTS.B
,
5
.111
%
,
6/16/26
....
17,873
16,129
a
8495866.SQ.FTS.B
,
5
.409
%
,
6/16/26
....
12,179
11,642
a
8498429.SQ.FTS.B
,
5
.66
%
,
6/16/26
.....
97,411
92,866
a
8495138.SQ.FTS.B
,
5
.674
%
,
6/16/26
....
2,405
2,274
a
8496689.SQ.FTS.B
,
6
.15
%
,
6/16/26
.....
5,377
4,575
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
64
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8496182.SQ.FTS.B
,
6
.411
%
,
6/16/26
....
$
1,721
$
1,435
a
8496799.SQ.FTS.B
,
6
.422
%
,
6/16/26
....
2,025
1,847
a
8494753.SQ.FTS.B
,
6
.667
%
,
6/16/26
....
2,537
2,428
a
8497926.SQ.FTS.B
,
6
.673
%
,
6/16/26
....
24,481
18,906
a
8495060.SQ.FTS.B
,
6
.678
%
,
6/16/26
....
1,268
1,193
a
8501165.SQ.FTS.B
,
5
.66
%
,
6/17/26
.....
49,039
46,621
a
8502589.SQ.FTS.B
,
6
.101
%
,
6/17/26
....
52,794
49,950
a
8502376.SQ.FTS.B
,
6
.104
%
,
6/17/26
....
7,145
6,554
a
8498558.SQ.FTS.B
,
6
.151
%
,
6/17/26
....
68,522
64,832
a
8501000.SQ.FTS.B
,
6
.419
%
,
6/17/26
....
7,133
6,780
a
8500955.SQ.FTS.B
,
6
.447
%
,
6/17/26
....
2,548
2,405
a
8506309.SQ.FTS.B
,
4
.778
%
,
6/18/26
....
7,484
6,895
a
8503411.SQ.FTS.B
,
5
.912
%
,
6/18/26
....
88,823
81,375
a
8506522.SQ.FTS.B
,
5
.912
%
,
6/18/26
....
68,867
60,053
a
8506177.SQ.FTS.B
,
5
.916
%
,
6/18/26
....
8,267
7,576
a
8503353.SQ.FTS.B
,
6
.143
%
,
6/18/26
....
3,083
2,896
a
8505982.SQ.FTS.B
,
6
.155
%
,
6/18/26
....
7,438
6,824
a
8503019.SQ.FTS.B
,
6
.326
%
,
6/18/26
....
1,945
1,817
a
8506439.SQ.FTS.B
,
6
.33
%
,
6/18/26
.....
2,987
2,791
a
8503300.SQ.FTS.B
,
6
.403
%
,
6/18/26
....
1,364
1,298
a
8503138.SQ.FTS.B
,
6
.415
%
,
6/18/26
....
3,006
2,838
a
8506138.SQ.FTS.B
,
6
.478
%
,
6/18/26
....
950
904
a
8512362.SQ.FTS.B
,
4
.712
%
,
6/19/26
....
4,520
4,303
a
8512183.SQ.FTS.B
,
4
.778
%
,
6/19/26
....
3,835
3,640
a
8512291.SQ.FTS.B
,
4
.948
%
,
6/19/26
....
1,141
1,103
a
8511216.SQ.FTS.B
,
4
.954
%
,
6/19/26
....
8,086
7,764
a
8512477.SQ.FTS.B
,
5
.031
%
,
6/19/26
....
13,644
13,001
a
8512133.SQ.FTS.B
,
5
.105
%
,
6/19/26
....
1,668
1,593
a
8511726.SQ.FTS.B
,
5
.355
%
,
6/19/26
....
3,302
3,141
a
8511814.SQ.FTS.B
,
5
.406
%
,
6/19/26
....
8,260
7,217
a
8509415.SQ.FTS.B
,
5
.66
%
,
6/19/26
.....
54,523
47,947
a
8512865.SQ.FTS.B
,
5
.912
%
,
6/19/26
....
57,589
54,589
a
8511675.SQ.FTS.B
,
6
.141
%
,
6/19/26
....
1,760
1,652
a
8517613.SQ.FTS.B
,
4
.718
%
,
6/20/26
....
46,589
44,348
a
8517501.SQ.FTS.B
,
4
.719
%
,
6/20/26
....
9,178
8,729
a
8513998.SQ.FTS.B
,
4
.779
%
,
6/20/26
....
27,741
26,410
a
8514930.SQ.FTS.B
,
5
.026
%
,
6/20/26
....
5,436
5,084
a
8516515.SQ.FTS.B
,
5
.113
%
,
6/20/26
....
42,090
40,090
a
8517190.SQ.FTS.B
,
5
.596
%
,
6/20/26
....
23,277
21,991
a
8515117.SQ.FTS.B
,
5
.597
%
,
6/20/26
....
39,829
31,814
a
8513756.SQ.FTS.B
,
5
.66
%
,
6/20/26
.....
8,622
7,964
a
8517434.SQ.FTS.B
,
5
.908
%
,
6/20/26
....
3,402
3,225
a
8516487.SQ.FTS.B
,
6
.305
%
,
6/20/26
....
1,476
1,402
a
8517466.SQ.FTS.B
,
6
.668
%
,
6/20/26
....
2,582
2,417
a
8519695.SQ.FTS.B
,
4
.715
%
,
6/21/26
....
9,027
8,608
a
8519368.SQ.FTS.B
,
4
.717
%
,
6/21/26
....
5,080
4,809
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8519851.SQ.FTS.B
,
4
.717
%
,
6/21/26
....
$
8,074
$
7,686
a
8519446.SQ.FTS.B
,
4
.718
%
,
6/21/26
....
13,275
12,252
a
8519228.SQ.FTS.B
,
4
.72
%
,
6/21/26
.....
10,734
10,163
a
8519634.SQ.FTS.B
,
4
.78
%
,
6/21/26
.....
3,627
3,454
a
8518810.SQ.FTS.B
,
5
.031
%
,
6/21/26
....
18,868
17,932
a
8519115.SQ.FTS.B
,
5
.595
%
,
6/21/26
....
7,868
7,469
a
8520700.SQ.FTS.B
,
4
.709
%
,
6/22/26
....
3,874
3,677
a
8520543.SQ.FTS.B
,
4
.715
%
,
6/22/26
....
9,089
8,608
a
8520777.SQ.FTS.B
,
4
.717
%
,
6/22/26
....
10,718
10,109
a
8520366.SQ.FTS.B
,
4
.78
%
,
6/22/26
.....
2,061
1,972
a
8520019.SQ.FTS.B
,
5
.349
%
,
6/22/26
....
5,200
4,962
a
8520153.SQ.FTS.B
,
5
.919
%
,
6/22/26
....
1,859
1,789
a
8519990.SQ.FTS.B
,
6
.083
%
,
6/22/26
....
1,221
1,177
a
8520184.SQ.FTS.B
,
6
.097
%
,
6/22/26
....
7,423
7,107
a
8520522.SQ.FTS.B
,
6
.114
%
,
6/22/26
....
2,201
1,899
a
8520102.SQ.FTS.B
,
6
.341
%
,
6/22/26
....
1,777
1,688
a
8520316.SQ.FTS.B
,
6
.442
%
,
6/22/26
....
3,653
3,262
a
8520137.SQ.FTS.B
,
6
.447
%
,
6/22/26
....
1,501
1,381
a
8520403.SQ.FTS.B
,
6
.448
%
,
6/22/26
....
7,552
6,005
a
8524499.SQ.FTS.B
,
4
.707
%
,
6/23/26
....
2,352
2,228
a
8521244.SQ.FTS.B
,
4
.72
%
,
6/23/26
.....
5,907
5,642
a
8523137.SQ.FTS.B
,
4
.727
%
,
6/23/26
....
3,413
3,255
a
8523188.SQ.FTS.B
,
4
.78
%
,
6/23/26
.....
12,622
12,019
a
8523060.SQ.FTS.B
,
4
.979
%
,
6/23/26
....
1,263
1,093
a
8524323.SQ.FTS.B
,
5
.025
%
,
6/23/26
....
2,058
1,960
a
8524367.SQ.FTS.B
,
5
.031
%
,
6/23/26
....
6,352
6,063
a
8523506.SQ.FTS.B
,
5
.344
%
,
6/23/26
....
11,442
10,106
a
8521459.SQ.FTS.B
,
5
.346
%
,
6/23/26
....
35,030
30,939
a
8521179.SQ.FTS.B
,
5
.597
%
,
6/23/26
....
1,723
1,655
a
8521163.SQ.FTS.B
,
5
.632
%
,
6/23/26
....
1,097
1,019
a
8524201.SQ.FTS.B
,
5
.66
%
,
6/23/26
.....
2,152
1,990
a
8523771.SQ.FTS.B
,
5
.914
%
,
6/23/26
....
12,221
11,729
a
8524281.SQ.FTS.B
,
5
.928
%
,
6/23/26
....
1,558
1,477
a
8524085.SQ.FTS.B
,
6
.098
%
,
6/23/26
....
4,881
4,685
a
8524527.SQ.FTS.B
,
6
.152
%
,
6/23/26
....
16,087
15,231
a
8523082.SQ.FTS.B
,
6
.335
%
,
6/23/26
....
3,842
2,070
a
8522464.SQ.FTS.B
,
6
.446
%
,
6/23/26
....
27,191
25,606
a
8524939.SQ.FTS.B
,
6
.447
%
,
6/23/26
....
24,067
22,491
a
8523986.SQ.FTS.B
,
6
.448
%
,
6/23/26
....
5,199
4,966
a
8522369.SQ.FTS.B
,
6
.449
%
,
6/23/26
....
4,196
3,836
a
8525273.SQ.FTS.B
,
4
.724
%
,
6/24/26
....
2,332
2,224
a
8526053.SQ.FTS.B
,
4
.726
%
,
6/24/26
....
3,603
3,437
a
8525381.SQ.FTS.B
,
4
.776
%
,
6/24/26
....
7,378
6,828
a
8526654.SQ.FTS.B
,
4
.783
%
,
6/24/26
....
10,251
9,485
a
8526175.SQ.FTS.B
,
4
.927
%
,
6/24/26
....
1,255
1,087
a
8528509.SQ.FTS.B
,
5
.031
%
,
6/24/26
....
11,602
11,024
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
65
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8525531.SQ.FTS.B
,
5
.114
%
,
6/24/26
....
$
19,722
$
18,746
a
8526206.SQ.FTS.B
,
5
.35
%
,
6/24/26
.....
7,466
7,126
a
8526834.SQ.FTS.B
,
5
.91
%
,
6/24/26
.....
12,477
11,837
a
8526598.SQ.FTS.B
,
5
.915
%
,
6/24/26
....
3,504
3,311
a
8525966.SQ.FTS.B
,
6
.089
%
,
6/24/26
....
2,349
2,199
a
8528368.SQ.FTS.B
,
6
.103
%
,
6/24/26
....
3,273
2,844
a
8527075.SQ.FTS.B
,
6
.152
%
,
6/24/26
....
24,229
22,942
a
8526141.SQ.FTS.B
,
6
.439
%
,
6/24/26
....
997
944
a
8528411.SQ.FTS.B
,
6
.541
%
,
6/24/26
....
2,876
2,737
a
8530545.SQ.FTS.B
,
4
.726
%
,
6/25/26
....
3,657
3,426
a
8530476.SQ.FTS.B
,
6
.095
%
,
6/25/26
....
3,125
2,869
a
8530524.SQ.FTS.B
,
6
.102
%
,
6/25/26
....
1,220
1,122
a
8530766.SQ.FTS.B
,
6
.102
%
,
6/25/26
....
16,877
15,514
a
8531022.SQ.FTS.B
,
6
.11
%
,
6/25/26
.....
3,664
3,368
a
8530595.SQ.FTS.B
,
6
.289
%
,
6/25/26
....
12,178
11,114
a
8530319.SQ.FTS.B
,
6
.417
%
,
6/25/26
....
7,032
6,445
a
8531342.SQ.FTS.B
,
4
.78
%
,
6/26/26
.....
22,177
20,769
a
8532419.SQ.FTS.B
,
4
.781
%
,
6/26/26
....
17,700
16,578
a
8534231.SQ.FTS.B
,
5
.031
%
,
6/26/26
....
39,882
37,216
a
8533570.SQ.FTS.B
,
5
.035
%
,
6/26/26
....
3,068
2,858
a
8533616.SQ.FTS.B
,
5
.338
%
,
6/26/26
....
3,066
2,852
a
8533656.SQ.FTS.B
,
5
.597
%
,
6/26/26
....
20,953
19,401
a
8533011.SQ.FTS.B
,
5
.601
%
,
6/26/26
....
3,799
3,515
a
8532226.SQ.FTS.B
,
5
.91
%
,
6/26/26
.....
6,633
6,124
a
8531192.SQ.FTS.B
,
5
.914
%
,
6/26/26
....
10,232
9,439
a
8534896.SQ.FTS.B
,
6
.101
%
,
6/26/26
....
77,372
71,218
a
8534218.SQ.FTS.B
,
6
.124
%
,
6/26/26
....
1,226
1,125
a
8533602.SQ.FTS.B
,
6
.439
%
,
6/26/26
....
1,974
1,800
a
8533134.SQ.FTS.B
,
6
.447
%
,
6/26/26
....
21,933
20,015
a
8534044.SQ.FTS.B
,
6
.448
%
,
6/26/26
....
13,306
12,216
a
8534876.SQ.FTS.B
,
6
.454
%
,
6/26/26
....
1,022
932
a
8534826.SQ.FTS.B
,
6
.459
%
,
6/26/26
....
2,459
2,245
a
8532978.SQ.FTS.B
,
6
.463
%
,
6/26/26
....
1,564
1,432
a
8533108.SQ.FTS.B
,
6
.463
%
,
6/26/26
....
756
678
a
8535643.SQ.FTS.B
,
4
.937
%
,
6/27/26
....
3,877
3,523
a
8535213.SQ.FTS.B
,
6
.101
%
,
6/27/26
....
13,768
12,658
a
8535880.SQ.FTS.B
,
6
.115
%
,
6/27/26
....
1,325
1,204
a
8535979.SQ.FTS.B
,
6
.423
%
,
6/27/26
....
7,155
6,517
a
8536357.SQ.FTS.B
,
6
.447
%
,
6/27/26
....
94,624
86,261
a
8539477.SQ.FTS.B
,
4
.717
%
,
6/28/26
....
52,602
49,291
a
8539334.SQ.FTS.B
,
4
.78
%
,
6/28/26
.....
11,095
10,393
a
8539421.SQ.FTS.B
,
4
.922
%
,
6/28/26
....
1,044
959
a
8539430.SQ.FTS.B
,
5
.031
%
,
6/28/26
....
8,336
7,775
a
8539800.SQ.FTS.B
,
5
.031
%
,
6/28/26
....
7,888
7,356
a
8539874.SQ.FTS.B
,
5
.031
%
,
6/28/26
....
8,683
8,109
a
8540013.SQ.FTS.B
,
5
.346
%
,
6/28/26
....
16,646
15,448
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8539951.SQ.FTS.B
,
5
.353
%
,
6/28/26
....
$
4,142
$
3,830
a
8539939.SQ.FTS.B
,
6
.433
%
,
6/28/26
....
1,132
1,032
a
8540209.SQ.FTS.B
,
4
.715
%
,
6/29/26
....
5,430
5,084
a
8540626.SQ.FTS.B
,
4
.715
%
,
6/29/26
....
7,036
6,591
a
8540394.SQ.FTS.B
,
4
.719
%
,
6/29/26
....
7,378
6,910
a
8540780.SQ.FTS.B
,
5
.034
%
,
6/29/26
....
6,460
6,033
a
8540718.SQ.FTS.B
,
5
.343
%
,
6/29/26
....
6,682
6,204
a
8540483.SQ.FTS.B
,
5
.346
%
,
6/29/26
....
14,977
13,903
a
8540262.SQ.FTS.B
,
5
.91
%
,
6/29/26
.....
2,481
2,285
a
8540177.SQ.FTS.B
,
6
.447
%
,
6/29/26
....
3,354
3,055
a
8540285.SQ.FTS.B
,
6
.447
%
,
6/29/26
....
11,177
10,186
a
8545000.SQ.FTS.B
,
4
.717
%
,
6/30/26
....
8,697
8,150
a
8545424.SQ.FTS.B
,
4
.717
%
,
6/30/26
....
31,594
29,595
a
8546597.SQ.FTS.B
,
4
.717
%
,
6/30/26
....
3,161
2,961
a
8547438.SQ.FTS.B
,
4
.717
%
,
6/30/26
....
73,533
68,866
a
8545903.SQ.FTS.B
,
4
.735
%
,
6/30/26
....
1,815
1,700
a
8545695.SQ.FTS.B
,
4
.784
%
,
6/30/26
....
5,910
5,531
a
8542106.SQ.FTS.B
,
4
.933
%
,
6/30/26
....
3,111
2,864
a
8541256.SQ.FTS.B
,
4
.95
%
,
6/30/26
.....
1,039
968
a
8545372.SQ.FTS.B
,
4
.954
%
,
6/30/26
....
2,086
1,918
a
8547393.SQ.FTS.B
,
5
.023
%
,
6/30/26
....
3,196
2,982
a
8544946.SQ.FTS.B
,
5
.026
%
,
6/30/26
....
4,760
4,442
a
8545133.SQ.FTS.B
,
5
.031
%
,
6/30/26
....
13,772
12,839
a
8546424.SQ.FTS.B
,
5
.344
%
,
6/30/26
....
7,691
7,139
a
8545949.SQ.FTS.B
,
5
.346
%
,
6/30/26
....
16,300
15,148
a
8546203.SQ.FTS.B
,
5
.587
%
,
6/30/26
....
2,252
2,071
a
8546235.SQ.FTS.B
,
5
.911
%
,
6/30/26
....
11,897
10,965
a
8545788.SQ.FTS.B
,
5
.915
%
,
6/30/26
....
5,855
5,394
a
8542795.SQ.FTS.B
,
6
.038
%
,
6/30/26
....
264
243
a
8541279.SQ.FTS.B
,
6
.1
%
,
6/30/26
......
32,163
29,552
a
8546635.SQ.FTS.B
,
6
.101
%
,
6/30/26
....
26,924
24,755
a
8541157.SQ.FTS.B
,
6
.102
%
,
6/30/26
....
6,395
5,888
a
8542400.SQ.FTS.B
,
6
.104
%
,
6/30/26
....
3,704
3,410
a
8541210.SQ.FTS.B
,
6
.115
%
,
6/30/26
....
1,776
1,635
a
8542159.SQ.FTS.B
,
6
.45
%
,
6/30/26
.....
6,808
6,117
a
8549981.SQ.FTS.B
,
4
.717
%
,
7/01/26
....
14,885
13,938
a
8550185.SQ.FTS.B
,
5
.597
%
,
7/01/26
....
3,187
2,947
a
8550246.SQ.FTS.B
,
6
.101
%
,
7/01/26
....
105,489
96,855
a
8550222.SQ.FTS.B
,
6
.44
%
,
7/01/26
.....
2,225
2,020
a
8550128.SQ.FTS.B
,
6
.45
%
,
7/01/26
.....
5,464
5,003
a
8551571.SQ.FTS.B
,
4
.716
%
,
7/02/26
....
3,054
2,861
a
8551915.SQ.FTS.B
,
4
.717
%
,
7/02/26
....
12,504
11,708
a
8553509.SQ.FTS.B
,
4
.717
%
,
7/02/26
....
1,722
1,613
a
8553633.SQ.FTS.B
,
4
.717
%
,
7/02/26
....
14,611
13,687
a
8552305.SQ.FTS.B
,
4
.72
%
,
7/02/26
.....
12,617
11,813
a
8552901.SQ.FTS.B
,
5
.035
%
,
7/02/26
....
3,944
3,678
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
66
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8553442.SQ.FTS.B
,
5
.039
%
,
7/02/26
....
$
3,507
$
3,266
a
8552968.SQ.FTS.B
,
5
.597
%
,
7/02/26
....
28,602
26,428
a
8551818.SQ.FTS.B
,
5
.6
%
,
7/02/26
......
2,201
2,034
a
8552453.SQ.FTS.B
,
6
.102
%
,
7/02/26
....
27,306
25,083
a
8553979.SQ.FTS.B
,
6
.11
%
,
7/02/26
.....
1,172
1,076
a
8553535.SQ.FTS.B
,
6
.289
%
,
7/02/26
....
6,686
6,112
a
8551664.SQ.FTS.B
,
6
.43
%
,
7/02/26
.....
1,445
1,315
a
8551705.SQ.FTS.B
,
6
.445
%
,
7/02/26
....
4,275
3,905
a
8558468.SQ.FTS.B
,
4
.715
%
,
7/03/26
....
4,694
4,396
a
8555352.SQ.FTS.B
,
4
.717
%
,
7/03/26
....
68,829
64,450
a
8557229.SQ.FTS.B
,
4
.717
%
,
7/03/26
....
64,509
60,408
a
8557100.SQ.FTS.B
,
4
.945
%
,
7/03/26
....
2,550
2,373
a
8556557.SQ.FTS.B
,
5
.031
%
,
7/03/26
....
39,101
36,419
a
8557881.SQ.FTS.B
,
5
.344
%
,
7/03/26
....
8,376
7,776
a
8557138.SQ.FTS.B
,
5
.352
%
,
7/03/26
....
4,572
4,244
a
8558433.SQ.FTS.B
,
5
.639
%
,
7/03/26
....
3,118
2,872
a
8558113.SQ.FTS.B
,
6
.101
%
,
7/03/26
....
15,172
13,940
a
8557972.SQ.FTS.B
,
6
.289
%
,
7/03/26
....
7,872
7,198
a
8555128.SQ.FTS.B
,
6
.299
%
,
7/03/26
....
2,534
2,306
a
8558086.SQ.FTS.B
,
6
.447
%
,
7/03/26
....
1,608
1,467
a
8555174.SQ.FTS.B
,
6
.449
%
,
7/03/26
....
14,391
13,108
a
8555099.SQ.FTS.B
,
6
.462
%
,
7/03/26
....
1,067
974
a
8559542.SQ.FTS.B
,
4
.717
%
,
7/04/26
....
28,028
26,237
a
8558932.SQ.FTS.B
,
5
.346
%
,
7/04/26
....
13,520
12,541
a
8559157.SQ.FTS.B
,
5
.911
%
,
7/04/26
....
11,992
11,029
a
8559524.SQ.FTS.B
,
6
.313
%
,
7/04/26
....
1,118
1,020
a
8560261.SQ.FTS.B
,
4
.717
%
,
7/05/26
....
22,953
21,464
a
8561019.SQ.FTS.B
,
4
.717
%
,
7/05/26
....
21,334
19,972
a
8560187.SQ.FTS.B
,
4
.941
%
,
7/05/26
....
1,579
1,455
a
8560945.SQ.FTS.B
,
5
.904
%
,
7/05/26
....
2,367
2,180
a
8560239.SQ.FTS.B
,
6
.094
%
,
7/05/26
....
1,237
1,136
a
8560887.SQ.FTS.B
,
6
.457
%
,
7/05/26
....
1,491
1,354
a
8592475.SQ.FTS.B
,
4
.714
%
,
7/06/26
....
6,015
5,633
a
8590443.SQ.FTS.B
,
4
.717
%
,
7/06/26
....
14,322
13,401
a
8591547.SQ.FTS.B
,
4
.717
%
,
7/06/26
....
3,747
3,510
a
8591651.SQ.FTS.B
,
4
.717
%
,
7/06/26
....
6,144
5,751
a
8591105.SQ.FTS.B
,
4
.719
%
,
7/06/26
....
18,647
17,449
a
8591815.SQ.FTS.B
,
4
.719
%
,
7/06/26
....
10,593
9,915
a
8586236.SQ.FTS.B
,
5
.029
%
,
7/06/26
....
5,597
5,217
a
8586937.SQ.FTS.B
,
5
.031
%
,
7/06/26
....
21,170
19,728
a
8590833.SQ.FTS.B
,
5
.031
%
,
7/06/26
....
13,291
12,379
a
8590354.SQ.FTS.B
,
5
.348
%
,
7/06/26
....
3,116
2,894
a
8582547.SQ.FTS.B
,
5
.604
%
,
7/06/26
....
1,042
951
a
8592358.SQ.FTS.B
,
5
.916
%
,
7/06/26
....
4,928
4,532
a
8590753.SQ.FTS.B
,
6
.095
%
,
7/06/26
....
5,421
4,981
a
8592557.SQ.FTS.B
,
6
.095
%
,
7/06/26
....
6,349
5,840
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8586881.SQ.FTS.B
,
6
.289
%
,
7/06/26
....
$
951
$
857
a
8566467.SQ.FTS.B
,
6
.445
%
,
7/06/26
....
5,546
5,064
a
8591735.SQ.FTS.B
,
6
.447
%
,
7/06/26
....
2,095
1,912
a
8594119.SQ.FTS.B
,
4
.716
%
,
7/07/26
....
13,175
12,339
a
8593881.SQ.FTS.B
,
4
.717
%
,
7/07/26
....
5,467
5,120
a
8596002.SQ.FTS.B
,
4
.717
%
,
7/07/26
....
3,150
2,948
a
8594942.SQ.FTS.B
,
4
.719
%
,
7/07/26
....
11,217
10,503
a
8596487.SQ.FTS.B
,
4
.738
%
,
7/07/26
....
1,262
1,176
a
8596505.SQ.FTS.B
,
4
.779
%
,
7/07/26
....
15,538
14,529
a
8594603.SQ.FTS.B
,
5
.031
%
,
7/07/26
....
16,673
15,546
a
8596715.SQ.FTS.B
,
5
.031
%
,
7/07/26
....
2,258
2,108
a
8594335.SQ.FTS.B
,
5
.347
%
,
7/07/26
....
12,144
11,260
a
8596748.SQ.FTS.B
,
5
.349
%
,
7/07/26
....
9,865
9,157
a
8596048.SQ.FTS.B
,
5
.598
%
,
7/07/26
....
32,052
29,628
a
8595119.SQ.FTS.B
,
5
.912
%
,
7/07/26
....
53,792
49,594
a
8592681.SQ.FTS.B
,
6
.101
%
,
7/07/26
....
31,980
29,284
a
8595918.SQ.FTS.B
,
6
.447
%
,
7/07/26
....
6,877
6,293
a
8596805.SQ.FTS.B
,
4
.717
%
,
7/08/26
....
37,311
34,925
a
8598300.SQ.FTS.B
,
4
.717
%
,
7/08/26
....
14,150
13,247
a
8599286.SQ.FTS.B
,
4
.717
%
,
7/08/26
....
94,330
88,318
a
8600129.SQ.FTS.B
,
4
.717
%
,
7/08/26
....
13,988
13,093
a
8598090.SQ.FTS.B
,
4
.72
%
,
7/08/26
.....
12,991
12,156
a
8598520.SQ.FTS.B
,
5
.031
%
,
7/08/26
....
24,592
22,919
a
8598846.SQ.FTS.B
,
5
.596
%
,
7/08/26
....
18,750
17,329
a
8597737.SQ.FTS.B
,
6
.1
%
,
7/08/26
......
19,933
18,319
a
8599162.SQ.FTS.B
,
6
.102
%
,
7/08/26
....
15,354
14,091
a
8597676.SQ.FTS.B
,
6
.289
%
,
7/08/26
....
1,910
1,733
a
8605972.SQ.FTS.B
,
4
.715
%
,
7/09/26
....
6,996
6,545
a
8604802.SQ.FTS.B
,
4
.717
%
,
7/09/26
....
64,796
60,633
a
8603464.SQ.FTS.B
,
4
.718
%
,
7/09/26
....
11,211
10,488
a
8605793.SQ.FTS.B
,
4
.719
%
,
7/09/26
....
14,774
13,822
a
8602845.SQ.FTS.B
,
4
.722
%
,
7/09/26
....
3,527
3,301
a
8603241.SQ.FTS.B
,
5
.031
%
,
7/09/26
....
7,252
6,761
a
8604154.SQ.FTS.B
,
5
.031
%
,
7/09/26
....
45,242
42,132
a
8602469.SQ.FTS.B
,
5
.346
%
,
7/09/26
....
12,329
11,445
a
8603688.SQ.FTS.B
,
5
.346
%
,
7/09/26
....
17,260
16,009
a
8602639.SQ.FTS.B
,
5
.348
%
,
7/09/26
....
15,601
14,469
a
8602325.SQ.FTS.B
,
5
.601
%
,
7/09/26
....
8,936
8,266
a
8605739.SQ.FTS.B
,
5
.621
%
,
7/09/26
....
3,560
3,287
a
8602453.SQ.FTS.B
,
5
.637
%
,
7/09/26
....
1,527
1,409
a
8604097.SQ.FTS.B
,
5
.639
%
,
7/09/26
....
3,154
2,899
a
8603106.SQ.FTS.B
,
5
.906
%
,
7/09/26
....
4,095
3,751
a
8602906.SQ.FTS.B
,
5
.914
%
,
7/09/26
....
9,465
8,716
a
8607510.SQ.FTS.B
,
4
.717
%
,
7/10/26
....
48,621
45,486
a
8608267.SQ.FTS.B
,
4
.717
%
,
7/10/26
....
16,461
15,403
a
8608463.SQ.FTS.B
,
4
.717
%
,
7/10/26
....
78,575
73,468
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
67
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8607253.SQ.FTS.B
,
4
.722
%
,
7/10/26
....
$
5,826
$
5,448
a
8607234.SQ.FTS.B
,
4
.738
%
,
7/10/26
....
1,615
1,510
a
8608259.SQ.FTS.B
,
4
.977
%
,
7/10/26
....
720
667
a
8606036.SQ.FTS.B
,
5
.026
%
,
7/10/26
....
5,310
4,948
a
8607141.SQ.FTS.B
,
5
.031
%
,
7/10/26
....
6,630
6,178
a
8607346.SQ.FTS.B
,
5
.031
%
,
7/10/26
....
3,161
2,944
a
8608203.SQ.FTS.B
,
5
.036
%
,
7/10/26
....
2,999
2,793
a
8607380.SQ.FTS.B
,
5
.342
%
,
7/10/26
....
6,689
6,203
a
8607116.SQ.FTS.B
,
5
.58
%
,
7/10/26
.....
1,693
1,564
a
8606592.SQ.FTS.B
,
5
.596
%
,
7/10/26
....
16,007
14,795
a
8606178.SQ.FTS.B
,
5
.605
%
,
7/10/26
....
4,234
3,910
a
8608202.SQ.FTS.B
,
5
.66
%
,
7/10/26
.....
411
377
a
8607048.SQ.FTS.B
,
5
.919
%
,
7/10/26
....
2,193
2,016
a
8606281.SQ.FTS.B
,
6
.097
%
,
7/10/26
....
6,177
5,666
a
8606413.SQ.FTS.B
,
6
.45
%
,
7/10/26
.....
7,125
6,484
a
8609705.SQ.FTS.B
,
4
.716
%
,
7/11/26
....
3,497
3,272
a
8609873.SQ.FTS.B
,
4
.717
%
,
7/11/26
....
2,126
1,988
a
8610192.SQ.FTS.B
,
4
.718
%
,
7/11/26
....
13,244
12,391
a
8609488.SQ.FTS.B
,
4
.72
%
,
7/11/26
.....
9,391
8,777
a
8609745.SQ.FTS.B
,
4
.72
%
,
7/11/26
.....
9,855
9,218
a
8609461.SQ.FTS.B
,
5
.031
%
,
7/11/26
....
2,644
2,464
a
8610098.SQ.FTS.B
,
5
.336
%
,
7/11/26
....
3,028
2,808
a
8609577.SQ.FTS.B
,
5
.346
%
,
7/11/26
....
10,482
9,721
a
8610128.SQ.FTS.B
,
5
.604
%
,
7/11/26
....
4,890
4,519
a
8609949.SQ.FTS.B
,
6
.449
%
,
7/11/26
....
12,007
10,974
a
8609898.SQ.FTS.B
,
6
.455
%
,
7/11/26
....
4,395
4,020
a
8610684.SQ.FTS.B
,
4
.717
%
,
7/12/26
....
16,272
15,222
a
8610566.SQ.FTS.B
,
4
.719
%
,
7/12/26
....
9,527
8,914
a
8610875.SQ.FTS.B
,
4
.719
%
,
7/12/26
....
9,138
8,551
a
8610471.SQ.FTS.B
,
5
.343
%
,
7/12/26
....
6,881
6,383
a
8610388.SQ.FTS.B
,
5
.596
%
,
7/12/26
....
6,168
5,706
a
8610350.SQ.FTS.B
,
6
.457
%
,
7/12/26
....
2,324
2,116
a
8612775.SQ.FTS.B
,
4
.717
%
,
7/13/26
....
7,071
6,616
a
8613177.SQ.FTS.B
,
4
.717
%
,
7/13/26
....
4,378
4,096
a
8613403.SQ.FTS.B
,
4
.717
%
,
7/13/26
....
23,386
21,879
a
8613803.SQ.FTS.B
,
4
.717
%
,
7/13/26
....
13,404
12,545
a
8612223.SQ.FTS.B
,
4
.719
%
,
7/13/26
....
16,401
15,329
a
8612915.SQ.FTS.B
,
4
.719
%
,
7/13/26
....
22,753
21,292
a
8613248.SQ.FTS.B
,
4
.721
%
,
7/13/26
....
9,194
8,600
a
8611635.SQ.FTS.B
,
4
.722
%
,
7/13/26
....
3,225
3,019
a
8612652.SQ.FTS.B
,
4
.723
%
,
7/13/26
....
5,921
5,538
a
8611290.SQ.FTS.B
,
5
.031
%
,
7/13/26
....
13,512
12,580
a
8614062.SQ.FTS.B
,
5
.346
%
,
7/13/26
....
16,579
15,380
a
8614012.SQ.FTS.B
,
5
.571
%
,
7/13/26
....
764
706
a
8614033.SQ.FTS.B
,
5
.596
%
,
7/13/26
....
2,044
1,887
a
8613786.SQ.FTS.B
,
5
.622
%
,
7/13/26
....
1,692
1,555
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8611949.SQ.FTS.B
,
5
.63
%
,
7/13/26
.....
$
3,052
$
2,795
a
8613694.SQ.FTS.B
,
6
.092
%
,
7/13/26
....
2,199
2,017
a
8612102.SQ.FTS.B
,
6
.099
%
,
7/13/26
....
5,581
5,129
a
8614374.SQ.FTS.B
,
6
.101
%
,
7/13/26
....
17,355
15,953
a
8614044.SQ.FTS.B
,
6
.441
%
,
7/13/26
....
1,612
1,469
a
8611747.SQ.FTS.B
,
6
.448
%
,
7/13/26
....
5,380
4,914
a
8611269.SQ.FTS.B
,
6
.46
%
,
7/13/26
.....
1,260
1,149
a
8617491.SQ.FTS.B
,
4
.717
%
,
7/14/26
....
25,161
23,537
a
8616679.SQ.FTS.B
,
4
.719
%
,
7/14/26
....
13,603
12,724
a
8617775.SQ.FTS.B
,
5
.031
%
,
7/14/26
....
9,988
9,305
a
8616917.SQ.FTS.B
,
5
.335
%
,
7/14/26
....
2,244
2,082
a
8616312.SQ.FTS.B
,
5
.346
%
,
7/14/26
....
28,464
26,418
a
8614658.SQ.FTS.B
,
5
.597
%
,
7/14/26
....
55,393
51,195
a
8616249.SQ.FTS.B
,
5
.598
%
,
7/14/26
....
3,300
3,049
a
8617442.SQ.FTS.B
,
5
.624
%
,
7/14/26
....
3,944
3,640
a
8617158.SQ.FTS.B
,
6
.101
%
,
7/14/26
....
16,972
15,586
a
8614627.SQ.FTS.B
,
6
.124
%
,
7/14/26
....
1,314
1,204
a
8617940.SQ.FTS.B
,
6
.437
%
,
7/14/26
....
2,649
2,414
a
8616022.SQ.FTS.B
,
6
.447
%
,
7/14/26
....
12,874
11,757
a
8616948.SQ.FTS.B
,
6
.447
%
,
7/14/26
....
13,855
12,655
a
8617870.SQ.FTS.B
,
6
.448
%
,
7/14/26
....
5,306
4,825
a
8617346.SQ.FTS.B
,
6
.453
%
,
7/14/26
....
5,193
4,748
a
8617108.SQ.FTS.B
,
6
.457
%
,
7/14/26
....
3,042
2,757
a
8618506.SQ.FTS.B
,
4
.717
%
,
7/15/26
....
32,951
30,822
a
8621045.SQ.FTS.B
,
4
.934
%
,
7/15/26
....
6,371
5,917
a
8618340.SQ.FTS.B
,
4
.95
%
,
7/15/26
.....
706
658
a
8618362.SQ.FTS.B
,
5
.031
%
,
7/15/26
....
4,602
4,287
a
8621156.SQ.FTS.B
,
5
.347
%
,
7/15/26
....
49,866
46,244
a
8619313.SQ.FTS.B
,
5
.349
%
,
7/15/26
....
9,942
9,217
a
8621134.SQ.FTS.B
,
5
.589
%
,
7/15/26
....
2,947
2,724
a
8619510.SQ.FTS.B
,
6
.092
%
,
7/15/26
....
1,593
1,459
a
8618004.SQ.FTS.B
,
6
.101
%
,
7/15/26
....
21,625
19,836
a
8619872.SQ.FTS.B
,
6
.101
%
,
7/15/26
....
46,133
42,318
a
8619560.SQ.FTS.B
,
6
.104
%
,
7/15/26
....
5,623
5,156
a
8621629.SQ.FTS.B
,
6
.11
%
,
7/15/26
.....
3,399
3,113
a
8619773.SQ.FTS.B
,
6
.289
%
,
7/15/26
....
1,133
1,037
a
8619537.SQ.FTS.B
,
6
.434
%
,
7/15/26
....
1,931
1,757
a
8621035.SQ.FTS.B
,
6
.443
%
,
7/15/26
....
2,227
2,031
a
8619807.SQ.FTS.B
,
6
.449
%
,
7/15/26
....
3,928
3,584
a
8619655.SQ.FTS.B
,
6
.452
%
,
7/15/26
....
4,746
4,334
a
8618446.SQ.FTS.B
,
6
.462
%
,
7/15/26
....
2,205
2,010
a
8626509.SQ.FTS.B
,
4
.717
%
,
7/16/26
....
21,994
20,567
a
8626992.SQ.FTS.B
,
4
.717
%
,
7/16/26
....
11,662
10,903
a
8627828.SQ.FTS.B
,
4
.717
%
,
7/16/26
....
13,082
12,231
a
8627181.SQ.FTS.B
,
4
.72
%
,
7/16/26
.....
12,618
11,794
a
8627682.SQ.FTS.B
,
4
.721
%
,
7/16/26
....
8,552
7,992
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
68
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8626942.SQ.FTS.B
,
4
.724
%
,
7/16/26
....
$
5,037
$
4,710
a
8625135.SQ.FTS.B
,
4
.948
%
,
7/16/26
....
1,616
1,500
a
8626261.SQ.FTS.B
,
5
.029
%
,
7/16/26
....
6,286
5,851
a
8625237.SQ.FTS.B
,
5
.031
%
,
7/16/26
....
8,557
7,965
a
8625522.SQ.FTS.B
,
5
.593
%
,
7/16/26
....
5,917
5,469
a
8626424.SQ.FTS.B
,
5
.597
%
,
7/16/26
....
3,898
3,600
a
8627433.SQ.FTS.B
,
5
.603
%
,
7/16/26
....
4,357
4,026
a
8625654.SQ.FTS.B
,
5
.624
%
,
7/16/26
....
2,847
2,623
a
8626907.SQ.FTS.B
,
5
.637
%
,
7/16/26
....
3,003
2,765
a
8625165.SQ.FTS.B
,
5
.64
%
,
7/16/26
.....
1,736
1,603
a
8627506.SQ.FTS.B
,
5
.916
%
,
7/16/26
....
9,128
8,391
a
8625097.SQ.FTS.B
,
6
.081
%
,
7/16/26
....
1,757
1,612
a
8625740.SQ.FTS.B
,
6
.101
%
,
7/16/26
....
33,591
30,808
a
8624998.SQ.FTS.B
,
6
.283
%
,
7/16/26
....
2,343
2,145
a
8625055.SQ.FTS.B
,
6
.44
%
,
7/16/26
.....
1,385
1,264
a
8624623.SQ.FTS.B
,
6
.445
%
,
7/16/26
....
16,452
15,005
a
8630593.SQ.FTS.B
,
4
.717
%
,
7/17/26
....
13,032
12,178
a
8629952.SQ.FTS.B
,
4
.719
%
,
7/17/26
....
10,022
9,368
a
8630169.SQ.FTS.B
,
4
.719
%
,
7/17/26
....
19,735
18,454
a
8630161.SQ.FTS.B
,
4
.928
%
,
7/17/26
....
1,391
1,281
a
8628320.SQ.FTS.B
,
5
.031
%
,
7/17/26
....
70,510
65,614
a
8631254.SQ.FTS.B
,
5
.031
%
,
7/17/26
....
88,658
82,519
a
8630933.SQ.FTS.B
,
5
.359
%
,
7/17/26
....
2,059
1,907
a
8630830.SQ.FTS.B
,
5
.915
%
,
7/17/26
....
6,014
5,531
a
8630970.SQ.FTS.B
,
6
.104
%
,
7/17/26
....
10,790
9,898
a
8630113.SQ.FTS.B
,
6
.11
%
,
7/17/26
.....
3,923
3,597
a
8631150.SQ.FTS.B
,
6
.291
%
,
7/17/26
....
6,701
6,122
a
8631886.SQ.FTS.B
,
4
.715
%
,
7/18/26
....
7,839
7,329
a
8632324.SQ.FTS.B
,
4
.72
%
,
7/18/26
.....
5,214
4,871
a
8632162.SQ.FTS.B
,
5
.029
%
,
7/18/26
....
4,968
4,625
a
8632011.SQ.FTS.B
,
5
.031
%
,
7/18/26
....
12,322
11,468
a
8631974.SQ.FTS.B
,
5
.346
%
,
7/18/26
....
4,471
4,143
a
8632386.SQ.FTS.B
,
5
.346
%
,
7/18/26
....
2,502
2,319
a
8632209.SQ.FTS.B
,
5
.619
%
,
7/18/26
....
1,610
1,479
a
8632290.SQ.FTS.B
,
6
.093
%
,
7/18/26
....
3,464
3,172
a
8632226.SQ.FTS.B
,
6
.443
%
,
7/18/26
....
5,053
4,610
a
8632415.SQ.FTS.B
,
6
.445
%
,
7/18/26
....
6,264
5,720
a
8631860.SQ.FTS.B
,
6
.462
%
,
7/18/26
....
1,716
1,564
a
8632492.SQ.FTS.B
,
4
.713
%
,
7/19/26
....
5,730
5,356
a
8632589.SQ.FTS.B
,
4
.715
%
,
7/19/26
....
7,096
6,633
a
8632662.SQ.FTS.B
,
4
.718
%
,
7/19/26
....
37,249
34,820
a
8632575.SQ.FTS.B
,
6
.101
%
,
7/19/26
....
1,131
1,037
a
8633549.SQ.FTS.B
,
4
.717
%
,
7/20/26
....
6,639
6,205
a
8633627.SQ.FTS.B
,
4
.717
%
,
7/20/26
....
6,664
6,229
a
8633778.SQ.FTS.B
,
4
.717
%
,
7/20/26
....
8,844
8,266
a
8633898.SQ.FTS.B
,
4
.717
%
,
7/20/26
....
6,250
5,842
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8633256.SQ.FTS.B
,
4
.935
%
,
7/20/26
....
$
2,516
$
2,344
a
8633728.SQ.FTS.B
,
4
.937
%
,
7/20/26
....
4,554
4,243
a
8633413.SQ.FTS.B
,
5
.028
%
,
7/20/26
....
4,352
4,051
a
8633290.SQ.FTS.B
,
5
.031
%
,
7/20/26
....
7,744
7,207
a
8633387.SQ.FTS.B
,
5
.031
%
,
7/20/26
....
4,970
4,624
a
8633454.SQ.FTS.B
,
5
.031
%
,
7/20/26
....
10,485
9,753
a
8633157.SQ.FTS.B
,
5
.632
%
,
7/20/26
....
1,236
1,139
a
8633610.SQ.FTS.B
,
5
.918
%
,
7/20/26
....
2,081
1,914
a
8633191.SQ.FTS.B
,
6
.101
%
,
7/20/26
....
5,548
5,085
a
8633174.SQ.FTS.B
,
6
.289
%
,
7/20/26
....
2,146
1,964
a
8633700.SQ.FTS.B
,
6
.45
%
,
7/20/26
.....
2,699
2,464
a
8633375.SQ.FTS.B
,
6
.452
%
,
7/20/26
....
1,311
1,181
a
8634965.SQ.FTS.B
,
4
.712
%
,
7/21/26
....
3,496
3,268
a
8634408.SQ.FTS.B
,
4
.715
%
,
7/21/26
....
8,774
8,201
a
8634012.SQ.FTS.B
,
4
.717
%
,
7/21/26
....
21,109
19,731
a
8636066.SQ.FTS.B
,
4
.717
%
,
7/21/26
....
56,402
52,725
a
8637209.SQ.FTS.B
,
4
.718
%
,
7/21/26
....
27,894
26,075
a
8635995.SQ.FTS.B
,
4
.729
%
,
7/21/26
....
3,012
2,815
a
8635036.SQ.FTS.B
,
4
.934
%
,
7/21/26
....
10,310
9,565
a
8635256.SQ.FTS.B
,
5
.031
%
,
7/21/26
....
37,870
35,222
a
8634597.SQ.FTS.B
,
5
.603
%
,
7/21/26
....
6,129
5,658
a
8636945.SQ.FTS.B
,
6
.1
%
,
7/21/26
......
15,549
14,264
a
8637175.SQ.FTS.B
,
6
.289
%
,
7/21/26
....
2,196
2,004
a
8634766.SQ.FTS.B
,
6
.445
%
,
7/21/26
....
4,706
4,289
a
8640319.SQ.FTS.B
,
4
.717
%
,
7/22/26
....
13,361
12,487
a
8639537.SQ.FTS.B
,
4
.718
%
,
7/22/26
....
58,070
54,273
a
8639095.SQ.FTS.B
,
5
.031
%
,
7/22/26
....
30,421
28,308
a
8640604.SQ.FTS.B
,
5
.031
%
,
7/22/26
....
39,430
36,696
a
8640527.SQ.FTS.B
,
5
.344
%
,
7/22/26
....
8,876
8,225
a
8638082.SQ.FTS.B
,
5
.346
%
,
7/22/26
....
22,863
21,182
a
8640463.SQ.FTS.B
,
5
.634
%
,
7/22/26
....
5,369
4,949
a
8639060.SQ.FTS.B
,
5
.912
%
,
7/22/26
....
1,708
1,570
a
8640500.SQ.FTS.B
,
5
.926
%
,
7/22/26
....
2,320
2,134
a
8638798.SQ.FTS.B
,
6
.099
%
,
7/22/26
....
14,429
13,236
a
8637462.SQ.FTS.B
,
6
.1
%
,
7/22/26
......
37,607
34,478
a
8640249.SQ.FTS.B
,
6
.448
%
,
7/22/26
....
5,265
4,805
a
8637961.SQ.FTS.B
,
6
.453
%
,
7/22/26
....
5,190
4,735
a
8644386.SQ.FTS.B
,
4
.715
%
,
7/23/26
....
11,393
10,645
a
8645837.SQ.FTS.B
,
4
.715
%
,
7/23/26
....
8,732
8,159
a
8646210.SQ.FTS.B
,
4
.717
%
,
7/23/26
....
3,601
3,365
a
8643039.SQ.FTS.B
,
4
.718
%
,
7/23/26
....
36,900
34,475
a
8642974.SQ.FTS.B
,
4
.719
%
,
7/23/26
....
3,110
2,906
a
8646278.SQ.FTS.B
,
4
.719
%
,
7/23/26
....
10,545
9,852
a
8645743.SQ.FTS.B
,
5
.031
%
,
7/23/26
....
4,499
4,185
a
8644117.SQ.FTS.B
,
5
.035
%
,
7/23/26
....
4,273
3,975
a
8644628.SQ.FTS.B
,
5
.346
%
,
7/23/26
....
4,083
3,782
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
69
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
8644706.SQ.FTS.B
,
5
.346
%
,
7/23/26
....
$
11,352
$
10,515
a
8644841.SQ.FTS.B
,
5
.346
%
,
7/23/26
....
57,250
53,038
a
8644192.SQ.FTS.B
,
5
.35
%
,
7/23/26
.....
8,359
7,744
a
8644018.SQ.FTS.B
,
5
.358
%
,
7/23/26
....
2,713
2,510
a
8646525.SQ.FTS.B
,
5
.597
%
,
7/23/26
....
28,383
26,202
a
8646253.SQ.FTS.B
,
5
.63
%
,
7/23/26
.....
1,207
1,114
a
8646055.SQ.FTS.B
,
6
.094
%
,
7/23/26
....
4,484
4,110
a
8645984.SQ.FTS.B
,
6
.106
%
,
7/23/26
....
6,283
5,761
a
8644355.SQ.FTS.B
,
6
.439
%
,
7/23/26
....
3,522
3,214
a
8646093.SQ.FTS.B
,
6
.444
%
,
7/23/26
....
8,881
8,103
a
8649064.SQ.FTS.B
,
4
.717
%
,
7/24/26
....
24,289
22,694
a
8649536.SQ.FTS.B
,
4
.717
%
,
7/24/26
....
67,697
63,249
a
8648195.SQ.FTS.B
,
4
.718
%
,
7/24/26
....
44,225
41,315
a
8646870.SQ.FTS.B
,
4
.719
%
,
7/24/26
....
15,252
14,249
a
8647548.SQ.FTS.B
,
5
.029
%
,
7/24/26
....
7,031
6,539
a
8648008.SQ.FTS.B
,
5
.031
%
,
7/24/26
....
6,807
6,332
a
8647947.SQ.FTS.B
,
5
.046
%
,
7/24/26
....
2,041
1,898
a
8649457.SQ.FTS.B
,
5
.6
%
,
7/24/26
......
4,803
4,433
a
8650629.SQ.FTS.B
,
6
.1
%
,
7/24/26
......
7,694
7,053
a
8646799.SQ.FTS.B
,
6
.447
%
,
7/24/26
....
998
910
a
8650857.SQ.FTS.B
,
4
.717
%
,
7/25/26
....
112,493
105,076
a
8650791.SQ.FTS.B
,
5
.346
%
,
7/25/26
....
8,015
7,423
a
8652367.SQ.FTS.B
,
6
.106
%
,
7/26/26
....
2,939
2,694
a
8652314.SQ.FTS.B
,
6
.447
%
,
7/26/26
....
4,092
3,733
a
8653273.SQ.FTS.B
,
4
.715
%
,
7/27/26
....
9,477
8,854
a
8654872.SQ.FTS.B
,
4
.715
%
,
7/27/26
....
11,470
10,715
a
8653637.SQ.FTS.B
,
4
.717
%
,
7/27/26
....
54,476
50,891
a
8654775.SQ.FTS.B
,
4
.717
%
,
7/27/26
....
6,768
6,322
a
8654845.SQ.FTS.B
,
4
.94
%
,
7/27/26
.....
2,038
1,898
a
8653001.SQ.FTS.B
,
5
.595
%
,
7/27/26
....
7,665
7,073
a
8652636.SQ.FTS.B
,
5
.597
%
,
7/27/26
....
6,856
6,326
a
8655144.SQ.FTS.B
,
5
.598
%
,
7/27/26
....
78,923
72,816
a
8655093.SQ.FTS.B
,
6
.095
%
,
7/27/26
....
4,841
4,437
a
8652512.SQ.FTS.B
,
6
.11
%
,
7/27/26
.....
3,313
3,036
a
8654599.SQ.FTS.B
,
6
.45
%
,
7/27/26
.....
10,368
9,453
a
8660506.SQ.FTS.B
,
4
.713
%
,
7/28/26
....
6,855
6,403
a
8660992.SQ.FTS.B
,
4
.717
%
,
7/28/26
....
6,810
6,361
a
8660091.SQ.FTS.B
,
4
.718
%
,
7/28/26
....
13,677
12,775
a
8659412.SQ.FTS.B
,
4
.72
%
,
7/28/26
.....
13,734
12,828
a
8661485.SQ.FTS.B
,
4
.72
%
,
7/28/26
.....
13,734
12,828
a
8656818.SQ.FTS.B
,
5
.031
%
,
7/28/26
....
7,908
7,354
a
8656967.SQ.FTS.B
,
5
.031
%
,
7/28/26
....
15,882
14,769
a
8658601.SQ.FTS.B
,
5
.031
%
,
7/28/26
....
7,980
7,421
a
8661454.SQ.FTS.B
,
5
.031
%
,
7/28/26
....
2,280
2,120
a
8660644.SQ.FTS.B
,
5
.346
%
,
7/28/26
....
9,618
8,906
a
8660302.SQ.FTS.B
,
5
.35
%
,
7/28/26
.....
9,733
9,012
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
8661353.SQ.FTS.B
,
5
.351
%
,
7/28/26
....
$
7,672
$
7,103
a
8660883.SQ.FTS.B
,
5
.353
%
,
7/28/26
....
3,985
3,689
a
8661840.SQ.FTS.B
,
5
.598
%
,
7/28/26
....
93,644
86,406
a
8657901.SQ.FTS.B
,
5
.6
%
,
7/28/26
......
4,780
4,410
a
8659403.SQ.FTS.B
,
5
.633
%
,
7/28/26
....
1,299
1,198
a
8660615.SQ.FTS.B
,
5
.64
%
,
7/28/26
.....
1,782
1,643
a
8661103.SQ.FTS.B
,
5
.66
%
,
7/28/26
.....
575
530
a
8658245.SQ.FTS.B
,
5
.91
%
,
7/28/26
.....
9,539
8,763
a
8661334.SQ.FTS.B
,
6
.105
%
,
7/28/26
....
2,210
2,025
a
8658815.SQ.FTS.B
,
6
.289
%
,
7/28/26
....
2,784
2,544
a
8656579.SQ.FTS.B
,
6
.445
%
,
7/28/26
....
4,516
4,118
a
8656720.SQ.FTS.B
,
6
.445
%
,
7/28/26
....
4,779
4,358
a
8661231.SQ.FTS.B
,
6
.447
%
,
7/28/26
....
6,417
5,852
a
8658875.SQ.FTS.B
,
6
.448
%
,
7/28/26
....
24,369
22,222
a
8661126.SQ.FTS.B
,
6
.452
%
,
7/28/26
....
3,139
2,863
a
8661211.SQ.FTS.B
,
6
.499
%
,
7/28/26
....
698
636
a
4578615.SQ.FTS.B
,
4
.717
%
,
4/01/33
....
1,525
–
a
4580233.SQ.FTS.B
,
4
.87
%
,
4/01/33
.....
78
–
a
4583983.SQ.FTS.B
,
4
.403
%
,
4/04/33
....
3,383
–
a
4585288.SQ.FTS.B
,
4
.874
%
,
4/04/33
....
13,554
–
a
4587010.SQ.FTS.B
,
3
.938
%
,
4/05/33
....
1,755
–
a
4590358.SQ.FTS.B
,
3
.953
%
,
4/05/33
....
226
–
a
4588245.SQ.FTS.B
,
4
.558
%
,
4/05/33
....
3,204
–
a
4589702.SQ.FTS.B
,
4
.569
%
,
4/05/33
....
3,489
–
a
4598182.SQ.FTS.B
,
4
.574
%
,
4/07/33
....
1,281
–
a
4602285.SQ.FTS.B
,
4
.403
%
,
4/08/33
....
31,712
–
a
4604615.SQ.FTS.B
,
4
.56
%
,
4/09/33
.....
13,726
–
a
4604886.SQ.FTS.B
,
4
.717
%
,
4/10/33
....
2,273
–
a
4606179.SQ.FTS.B
,
3
.932
%
,
4/11/33
....
10,364
–
a
4606464.SQ.FTS.B
,
4
.403
%
,
4/11/33
....
12,284
1
a
4606335.SQ.FTS.B
,
4
.882
%
,
4/11/33
....
2,103
–
a
4609551.SQ.FTS.B
,
4
.56
%
,
4/12/33
.....
5,454
–
a
4612920.SQ.FTS.B
,
3
.314
%
,
4/13/33
....
2,172
–
a
4610443.SQ.FTS.B
,
4
.403
%
,
4/13/33
....
10,147
–
a
4622639.SQ.FTS.B
,
3
.928
%
,
4/15/33
....
3,183
–
a
4624403.SQ.FTS.B
,
3
.27
%
,
4/17/33
.....
646
–
a
4624869.SQ.FTS.B
,
4
.554
%
,
4/17/33
....
1,488
–
a
4626298.SQ.FTS.B
,
3
.934
%
,
4/18/33
....
10,268
–
a
4627586.SQ.FTS.B
,
4
.403
%
,
4/18/33
....
4,624
–
a
4626514.SQ.FTS.B
,
5
.031
%
,
4/18/33
....
2,949
–
a
4629149.SQ.FTS.B
,
4
.403
%
,
4/19/33
....
6,425
–
a
4632596.SQ.FTS.B
,
4
.705
%
,
4/20/33
....
848
–
a
4635753.SQ.FTS.B
,
4
.874
%
,
4/21/33
....
11,156
–
a
4642502.SQ.FTS.B
,
4
.868
%
,
4/25/33
....
732
–
a
4643970.SQ.FTS.B
,
4
.56
%
,
4/26/33
.....
2,081
–
a
4657373.SQ.FTS.B
,
3
.296
%
,
4/30/33
....
3,122
–
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
70
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
4656958.SQ.FTS.B
,
4
.717
%
,
4/30/33
....
$
3,103
$
–
a
4661015.SQ.FTS.B
,
4
.566
%
,
5/01/33
....
2,307
–
a
4661890.SQ.FTS.B
,
3
.931
%
,
5/02/33
....
2,289
–
a
4663096.SQ.FTS.B
,
4
.403
%
,
5/02/33
....
27,120
–
a
4663916.SQ.FTS.B
,
4
.403
%
,
5/02/33
....
24,742
1
a
4662184.SQ.FTS.B
,
5
.031
%
,
5/02/33
....
2,428
–
a
4665676.SQ.FTS.B
,
4
.564
%
,
5/03/33
....
4,624
–
a
4675799.SQ.FTS.B
,
3
.306
%
,
5/05/33
....
3,282
–
a
4677893.SQ.FTS.B
,
5
.031
%
,
5/06/33
....
2,173
–
a
4693423.SQ.FTS.B
,
4
.403
%
,
5/09/33
....
7,534
1
a
4693941.SQ.FTS.B
,
4
.561
%
,
5/09/33
....
8,872
–
a
4692191.SQ.FTS.B
,
4
.562
%
,
5/09/33
....
9,113
–
a
4692982.SQ.FTS.B
,
4
.591
%
,
5/09/33
....
430
–
a
4691756.SQ.FTS.B
,
4
.715
%
,
5/09/33
....
7,269
–
a
4706450.SQ.FTS.B
,
4
.561
%
,
5/10/33
....
6,009
–
a
4706808.SQ.FTS.B
,
4
.563
%
,
5/10/33
....
5,406
–
a
4701939.SQ.FTS.B
,
4
.717
%
,
5/10/33
....
1,446
–
a
4707248.SQ.FTS.B
,
4
.732
%
,
5/11/33
....
641
–
a
4711828.SQ.FTS.B
,
5
.031
%
,
5/12/33
....
3,618
–
a
4714060.SQ.FTS.B
,
5
.031
%
,
5/13/33
....
1,082
–
a
4714469.SQ.FTS.B
,
3
.27
%
,
5/14/33
.....
828
–
a
4738688.SQ.FTS.B
,
4
.418
%
,
5/18/33
....
840
–
a
4747188.SQ.FTS.B
,
3
.31
%
,
5/19/33
.....
553
–
a
4750103.SQ.FTS.B
,
4
.403
%
,
5/20/33
....
8,831
–
a
4750803.SQ.FTS.B
,
4
.403
%
,
5/21/33
....
3,382
–
a
4754132.SQ.FTS.B
,
3
.306
%
,
5/22/33
....
847
–
a
4764584.SQ.FTS.B
,
5
.031
%
,
5/23/33
....
523
–
a
4773604.SQ.FTS.B
,
4
.403
%
,
5/24/33
....
9,605
–
a
4777853.SQ.FTS.B
,
4
.565
%
,
5/24/33
....
1,347
–
a
4774144.SQ.FTS.B
,
4
.57
%
,
5/24/33
.....
1,718
–
a
4779678.SQ.FTS.B
,
3
.301
%
,
5/25/33
....
1,064
–
a
4782528.SQ.FTS.B
,
3
.333
%
,
5/26/33
....
51
–
a
4790824.SQ.FTS.B
,
4
.567
%
,
5/29/33
....
3,330
–
a
4796651.SQ.FTS.B
,
4
.564
%
,
6/01/33
....
3,524
–
a
4808500.SQ.FTS.B
,
4
.403
%
,
6/02/33
....
7,711
–
a
4807880.SQ.FTS.B
,
4
.56
%
,
6/02/33
.....
19,691
2
a
4815646.SQ.FTS.B
,
4
.403
%
,
6/05/33
....
5,300
–
a
4820091.SQ.FTS.B
,
4
.564
%
,
6/07/33
....
1,630
–
a
4820553.SQ.FTS.B
,
4
.875
%
,
6/07/33
....
10,164
–
a
4821904.SQ.FTS.B
,
4
.56
%
,
6/08/33
.....
796
–
a
4831001.SQ.FTS.B
,
3
.774
%
,
6/10/33
....
847
–
a
4831653.SQ.FTS.B
,
3
.926
%
,
6/10/33
....
2,099
–
a
4830931.SQ.FTS.B
,
4
.528
%
,
6/10/33
....
37
–
a
4831110.SQ.FTS.B
,
4
.57
%
,
6/10/33
.....
962
–
a
4834162.SQ.FTS.B
,
4
.574
%
,
6/12/33
....
208
–
a
4839102.SQ.FTS.B
,
3
.296
%
,
6/14/33
....
1,596
–
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
4838333.SQ.FTS.B
,
3
.941
%
,
6/14/33
....
$
750
$
–
a
4842631.SQ.FTS.B
,
3
.302
%
,
6/15/33
....
5,776
–
a
4842605.SQ.FTS.B
,
3
.937
%
,
6/15/33
....
4,000
–
a
4841116.SQ.FTS.B
,
4
.562
%
,
6/15/33
....
11,234
–
a
4848622.SQ.FTS.B
,
3
.302
%
,
6/16/33
....
2,069
–
a
4862341.SQ.FTS.B
,
2
.982
%
,
6/18/33
....
522
–
a
4862443.SQ.FTS.B
,
4
.227
%
,
6/18/33
....
7,578
–
a
4863062.SQ.FTS.B
,
4
.391
%
,
6/19/33
....
3,882
–
a
4863238.SQ.FTS.B
,
4
.42
%
,
6/19/33
.....
2,993
–
a
4862998.SQ.FTS.B
,
4
.559
%
,
6/19/33
....
1,298
–
a
4863412.SQ.FTS.B
,
4
.56
%
,
6/19/33
.....
11,632
–
a
4862938.SQ.FTS.B
,
5
.031
%
,
6/19/33
....
691
–
a
4867257.SQ.FTS.B
,
3
.939
%
,
6/20/33
....
607
–
a
4867843.SQ.FTS.B
,
3
.675
%
,
6/21/33
....
493
–
a
4868757.SQ.FTS.B
,
4
.406
%
,
6/21/33
....
3,219
–
a
4869815.SQ.FTS.B
,
4
.56
%
,
6/21/33
.....
7,257
–
a
4873297.SQ.FTS.B
,
3
.376
%
,
6/22/33
....
113
–
a
4871837.SQ.FTS.B
,
3
.928
%
,
6/22/33
....
1,490
–
a
4872072.SQ.FTS.B
,
4
.557
%
,
6/22/33
....
4,085
–
a
4873405.SQ.FTS.B
,
4
.56
%
,
6/22/33
.....
5,886
–
a
4873313.SQ.FTS.B
,
5
.031
%
,
6/22/33
....
1,287
–
a
4874535.SQ.FTS.B
,
3
.306
%
,
6/23/33
....
977
–
a
4875940.SQ.FTS.B
,
4
.539
%
,
6/23/33
....
7,944
1
a
4874845.SQ.FTS.B
,
4
.559
%
,
6/23/33
....
3,811
–
a
4874157.SQ.FTS.B
,
4
.877
%
,
6/23/33
....
3,873
–
a
4877067.SQ.FTS.B
,
3
.562
%
,
6/24/33
....
1,174
–
a
4877254.SQ.FTS.B
,
3
.774
%
,
6/25/33
....
1,462
–
a
4877394.SQ.FTS.B
,
4
.225
%
,
6/25/33
....
4,239
–
a
4877534.SQ.FTS.B
,
4
.931
%
,
6/25/33
....
1,841
–
a
4879828.SQ.FTS.B
,
2
.958
%
,
6/27/33
....
1,403
–
a
4879371.SQ.FTS.B
,
3
.443
%
,
6/27/33
....
536
–
a
4879124.SQ.FTS.B
,
4
.073
%
,
6/27/33
....
4,098
–
a
4878787.SQ.FTS.B
,
4
.233
%
,
6/27/33
....
4,067
–
a
4880273.SQ.FTS.B
,
4
.416
%
,
6/27/33
....
32,499
1
a
4879728.SQ.FTS.B
,
4
.695
%
,
6/27/33
....
2,694
–
a
4878103.SQ.FTS.B
,
5
.346
%
,
6/27/33
....
627
–
a
4881967.SQ.FTS.B
,
2
.297
%
,
6/28/33
....
774
–
a
4881632.SQ.FTS.B
,
2
.333
%
,
6/28/33
....
5,202
–
a
4880881.SQ.FTS.B
,
2
.411
%
,
6/28/33
....
274
–
a
4882630.SQ.FTS.B
,
3
.643
%
,
6/28/33
....
5,042
1
a
4881595.SQ.FTS.B
,
4
.069
%
,
6/28/33
....
1,106
–
a
4881625.SQ.FTS.B
,
4
.427
%
,
6/28/33
....
1,074
–
a
4881933.SQ.FTS.B
,
4
.55
%
,
6/28/33
.....
502
–
a
4882127.SQ.FTS.B
,
4
.561
%
,
6/28/33
....
35,043
–
a
4880840.SQ.FTS.B
,
4
.719
%
,
6/28/33
....
1,146
–
a
4886903.SQ.FTS.B
,
3
.296
%
,
6/30/33
....
2,071
–
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
71
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
4889268.SQ.FTS.B
,
3
.31
%
,
6/30/33
.....
$
524
$
–
a
4886912.SQ.FTS.B
,
4
.563
%
,
6/30/33
....
2,287
–
a
4889574.SQ.FTS.B
,
4
.877
%
,
7/01/33
....
2,525
–
a
4894101.SQ.FTS.B
,
4
.717
%
,
7/04/33
....
12,955
1
a
4893066.SQ.FTS.B
,
5
.031
%
,
7/04/33
....
3,265
–
a
4896547.SQ.FTS.B
,
5
.849
%
,
7/05/33
....
4,712
–
a
4899151.SQ.FTS.B
,
4
.563
%
,
7/06/33
....
3,147
–
a
4898852.SQ.FTS.B
,
4
.874
%
,
7/06/33
....
2,213
–
a
4908064.SQ.FTS.B
,
4
.403
%
,
7/11/33
....
16,814
1
a
4907364.SQ.FTS.B
,
5
.031
%
,
7/11/33
....
1,373
–
a
4922562.SQ.FTS.B
,
4
.56
%
,
7/14/33
.....
6,112
–
a
4916400.SQ.FTS.B
,
4
.569
%
,
7/14/33
....
955
–
a
4916673.SQ.FTS.B
,
4
.719
%
,
7/14/33
....
9,163
–
a
4923493.SQ.FTS.B
,
3
.354
%
,
7/15/33
....
134
–
a
4925329.SQ.FTS.B
,
4
.145
%
,
7/18/33
....
1,389
–
a
4928876.SQ.FTS.B
,
3
.333
%
,
7/19/33
....
514
–
a
4931020.SQ.FTS.B
,
4
.56
%
,
7/20/33
.....
10,152
–
a
4935511.SQ.FTS.B
,
4
.403
%
,
7/22/33
....
450
–
a
4941224.SQ.FTS.B
,
5
.031
%
,
7/25/33
....
4,401
–
a
4947272.SQ.FTS.B
,
4
.885
%
,
7/27/33
....
1,224
–
a
4954105.SQ.FTS.B
,
4
.557
%
,
7/28/33
....
2,531
–
a
4961597.SQ.FTS.B
,
3
.303
%
,
7/31/33
....
6,826
–
a
4964338.SQ.FTS.B
,
4
.886
%
,
8/01/33
....
1,028
–
a
4975322.SQ.FTS.B
,
4
.539
%
,
8/05/33
....
1,106
–
a
4976561.SQ.FTS.B
,
4
.553
%
,
8/07/33
....
2,306
–
a
4977248.SQ.FTS.B
,
4
.56
%
,
8/07/33
.....
23,393
1
a
4980976.SQ.FTS.B
,
4
.557
%
,
8/08/33
....
3,062
–
a
4978982.SQ.FTS.B
,
4
.561
%
,
8/08/33
....
8,763
1
a
4979694.SQ.FTS.B
,
6
.253
%
,
8/08/33
....
7,423
–
a
4981159.SQ.FTS.B
,
4
.717
%
,
8/09/33
....
3,162
–
a
4983108.SQ.FTS.B
,
5
.031
%
,
8/09/33
....
419
–
a
4989442.SQ.FTS.B
,
6
.239
%
,
8/11/33
....
717
–
a
4990668.SQ.FTS.B
,
3
.935
%
,
8/12/33
....
1,655
–
a
4995431.SQ.FTS.B
,
4
.556
%
,
8/15/33
....
6,247
–
a
5004424.SQ.FTS.B
,
4
.56
%
,
8/16/33
.....
1,829
–
a
5016072.SQ.FTS.B
,
5
.435
%
,
8/17/33
....
5,014
–
a
5025752.SQ.FTS.B
,
2
.033
%
,
8/19/33
....
6,406
–
a
5025882.SQ.FTS.B
,
4
.885
%
,
8/19/33
....
1,669
–
a
5027373.SQ.FTS.B
,
4
.018
%
,
8/21/33
....
8,844
–
a
5030831.SQ.FTS.B
,
4
.56
%
,
8/22/33
.....
5,213
–
a
5031471.SQ.FTS.B
,
4
.563
%
,
8/22/33
....
5,258
–
a
5033148.SQ.FTS.B
,
3
.906
%
,
8/23/33
....
471
–
a
5035669.SQ.FTS.B
,
4
.725
%
,
8/23/33
....
3,399
–
a
5044258.SQ.FTS.B
,
5
.149
%
,
8/27/33
....
8,147
2
a
5045662.SQ.FTS.B
,
4
.574
%
,
8/28/33
....
2,040
–
a
5047314.SQ.FTS.B
,
4
.591
%
,
8/28/33
....
460
–
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
5047321.SQ.FTS.B
,
4
.717
%
,
8/28/33
....
$
5,110
$
–
a
5044794.SQ.FTS.B
,
4
.807
%
,
8/28/33
....
5,731
–
a
5059326.SQ.FTS.B
,
4
.561
%
,
9/04/33
....
13,048
–
a
5062512.SQ.FTS.B
,
2
.6
%
,
9/06/33
......
3,648
–
a
5062340.SQ.FTS.B
,
4
.883
%
,
9/06/33
....
2,074
–
a
5065404.SQ.FTS.B
,
4
.572
%
,
9/07/33
....
2,639
–
a
5067242.SQ.FTS.B
,
4
.382
%
,
9/08/33
....
5,352
–
a
5067403.SQ.FTS.B
,
5
.351
%
,
9/08/33
....
2,045
–
a
5071139.SQ.FTS.B
,
3
.848
%
,
9/09/33
....
2,742
1
a
5075119.SQ.FTS.B
,
3
.748
%
,
9/10/33
....
1,106
–
a
5072967.SQ.FTS.B
,
4
.066
%
,
9/10/33
....
542
–
a
5074442.SQ.FTS.B
,
4
.861
%
,
9/10/33
....
1,909
–
a
5077583.SQ.FTS.B
,
5
.031
%
,
9/11/33
....
3,691
–
a
5081612.SQ.FTS.B
,
4
.666
%
,
9/14/33
....
1,324
–
a
5084934.SQ.FTS.B
,
3
.774
%
,
9/16/33
....
33,929
–
a
5085858.SQ.FTS.B
,
3
.936
%
,
9/16/33
....
884
–
a
5090272.SQ.FTS.B
,
4
.563
%
,
9/17/33
....
4,187
–
a
5093863.SQ.FTS.B
,
4
.558
%
,
9/19/33
....
9,864
–
a
5094427.SQ.FTS.B
,
3
.774
%
,
9/20/33
....
2,121
–
a
5096674.SQ.FTS.B
,
4
.56
%
,
9/21/33
.....
13,763
1
a
5095917.SQ.FTS.B
,
5
.031
%
,
9/21/33
....
17,638
–
a
5098275.SQ.FTS.B
,
6
.063
%
,
9/22/33
....
6,026
–
a
5100485.SQ.FTS.B
,
5
.722
%
,
9/23/33
....
4,264
–
a
5106538.SQ.FTS.B
,
4
.562
%
,
9/24/33
....
11,727
–
a
5107353.SQ.FTS.B
,
5
.031
%
,
9/24/33
....
1,383
–
a
5109145.SQ.FTS.B
,
5
.031
%
,
9/25/33
....
1,195
–
a
5111024.SQ.FTS.B
,
4
.724
%
,
9/27/33
....
1,336
–
a
5112445.SQ.FTS.B
,
3
.774
%
,
9/28/33
....
344
–
a
5114206.SQ.FTS.B
,
4
.571
%
,
9/28/33
....
573
–
a
5112955.SQ.FTS.B
,
5
.031
%
,
9/28/33
....
4,811
–
a
5113266.SQ.FTS.B
,
5
.387
%
,
9/28/33
....
1,765
–
a
5124518.SQ.FTS.B
,
3
.351
%
,
9/30/33
....
11,687
–
a
5119221.SQ.FTS.B
,
4
.403
%
,
9/30/33
....
2,448
–
a
5119131.SQ.FTS.B
,
4
.56
%
,
9/30/33
.....
2,084
–
a
5126438.SQ.FTS.B
,
3
.495
%
,
10/01/33
...
22,782
1
a
5128413.SQ.FTS.B
,
3
.917
%
,
10/02/33
...
1,332
–
a
5131669.SQ.FTS.B
,
4
.56
%
,
10/04/33
....
22,967
–
a
5132006.SQ.FTS.B
,
5
.007
%
,
10/04/33
...
790
–
a
5138072.SQ.FTS.B
,
4
.672
%
,
10/06/33
...
4,185
–
a
5142028.SQ.FTS.B
,
3
.927
%
,
10/07/33
...
612
–
a
5142049.SQ.FTS.B
,
4
.503
%
,
10/07/33
...
537
–
a
5141482.SQ.FTS.B
,
4
.508
%
,
10/07/33
...
2,827
–
a
5149269.SQ.FTS.B
,
4
.974
%
,
10/10/33
...
941
–
a
5153369.SQ.FTS.B
,
4
.559
%
,
10/11/33
...
12,680
–
a
5150453.SQ.FTS.B
,
4
.885
%
,
10/11/33
...
102
–
a
5153956.SQ.FTS.B
,
3
.94
%
,
10/12/33
....
2,957
–
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
72
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
5157152.SQ.FTS.B
,
4
.407
%
,
10/12/33
...
$
4,186
$
–
a
5154314.SQ.FTS.B
,
4
.567
%
,
10/12/33
...
2,780
–
a
5154612.SQ.FTS.B
,
4
.57
%
,
10/12/33
....
1,314
–
a
5157821.SQ.FTS.B
,
4
.557
%
,
10/13/33
...
4,950
–
a
5159643.SQ.FTS.B
,
4
.886
%
,
10/13/33
...
1,281
–
a
5163000.SQ.FTS.B
,
3
.303
%
,
10/14/33
...
6,619
–
a
5162509.SQ.FTS.B
,
4
.561
%
,
10/14/33
...
55,221
–
a
5165754.SQ.FTS.B
,
4
.566
%
,
10/14/33
...
1,218
–
a
5170843.SQ.FTS.B
,
4
.403
%
,
10/15/33
...
14,553
–
a
5168750.SQ.FTS.B
,
4
.558
%
,
10/15/33
...
2,545
–
a
5171656.SQ.FTS.B
,
4
.053
%
,
10/16/33
...
875
–
a
5172517.SQ.FTS.B
,
3
.302
%
,
10/17/33
...
3,231
–
a
5173148.SQ.FTS.B
,
5
.012
%
,
10/17/33
...
670
–
a
5175259.SQ.FTS.B
,
3
.354
%
,
10/18/33
...
69
–
a
5176617.SQ.FTS.B
,
4
.294
%
,
10/18/33
...
935
–
a
5175826.SQ.FTS.B
,
4
.557
%
,
10/18/33
...
3,657
–
a
5176935.SQ.FTS.B
,
5
.031
%
,
10/18/33
...
489
–
a
5177078.SQ.FTS.B
,
5
.189
%
,
10/18/33
...
260
–
a
5184366.SQ.FTS.B
,
3
.774
%
,
10/19/33
...
3,564
–
a
5189604.SQ.FTS.B
,
3
.774
%
,
10/20/33
...
4,636
–
a
5203735.SQ.FTS.B
,
3
.298
%
,
10/21/33
...
6,108
–
a
5210519.SQ.FTS.B
,
5
.535
%
,
10/24/33
...
11,522
–
a
5223636.SQ.FTS.B
,
4
.563
%
,
10/27/33
...
2,509
–
a
5230601.SQ.FTS.B
,
3
.301
%
,
10/28/33
...
5,805
–
a
5234006.SQ.FTS.B
,
4
.403
%
,
10/28/33
...
25,481
1
a
5230330.SQ.FTS.B
,
4
.717
%
,
10/28/33
...
1,320
–
a
5238828.SQ.FTS.B
,
3
.774
%
,
10/29/33
...
19,166
–
a
5240546.SQ.FTS.B
,
3
.953
%
,
10/30/33
...
1,371
–
a
5240481.SQ.FTS.B
,
4
.563
%
,
10/30/33
...
1,280
–
a
5240561.SQ.FTS.B
,
4
.95
%
,
10/30/33
....
993
–
a
5240923.SQ.FTS.B
,
4
.56
%
,
11/01/33
....
7,658
–
a
5245023.SQ.FTS.B
,
3
.936
%
,
11/02/33
...
1,235
–
a
5252966.SQ.FTS.B
,
4
.188
%
,
11/04/33
...
2,234
–
a
5256925.SQ.FTS.B
,
4
.403
%
,
11/04/33
...
12,594
1
a
5251953.SQ.FTS.B
,
4
.553
%
,
11/04/33
...
1,860
–
a
5267302.SQ.FTS.B
,
3
.354
%
,
11/06/33
...
212
–
a
5267196.SQ.FTS.B
,
4
.723
%
,
11/06/33
...
2,396
–
a
5270825.SQ.FTS.B
,
4
.877
%
,
11/06/33
...
4,533
–
a
5273714.SQ.FTS.B
,
4
.563
%
,
11/08/33
...
2,002
–
a
5276774.SQ.FTS.B
,
4
.556
%
,
11/09/33
...
3,264
–
a
5280986.SQ.FTS.B
,
4
.555
%
,
11/10/33
...
1,327
–
a
5284007.SQ.FTS.B
,
4
.403
%
,
11/11/33
...
1,049
–
a
5289917.SQ.FTS.B
,
3
.774
%
,
11/12/33
...
702
–
a
5287039.SQ.FTS.B
,
4
.475
%
,
11/12/33
...
8,749
–
a
5288588.SQ.FTS.B
,
5
.116
%
,
11/12/33
...
54,775
–
a
5288567.SQ.FTS.B
,
6
.146
%
,
11/12/33
...
487
–
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
5292026.SQ.FTS.B
,
4
.719
%
,
11/13/33
...
$
5,106
$
–
a
5293955.SQ.FTS.B
,
4
.721
%
,
11/14/33
...
5,278
–
a
5293907.SQ.FTS.B
,
4
.874
%
,
11/14/33
...
2,714
–
a
5295255.SQ.FTS.B
,
3
.303
%
,
11/16/33
...
1,890
1
a
5296246.SQ.FTS.B
,
4
.26
%
,
11/16/33
....
1,628
–
a
5304517.SQ.FTS.B
,
4
.559
%
,
11/17/33
...
2,234
–
a
5300323.SQ.FTS.B
,
4
.569
%
,
11/17/33
...
1,387
–
a
5312373.SQ.FTS.B
,
4
.56
%
,
11/18/33
....
721
–
a
5311109.SQ.FTS.B
,
4
.563
%
,
11/18/33
....
1,267
–
a
5317481.SQ.FTS.B
,
4
.528
%
,
11/19/33
...
593
–
a
5319057.SQ.FTS.B
,
5
.031
%
,
11/19/33
...
2,284
–
a
5325009.SQ.FTS.B
,
3
.047
%
,
11/22/33
...
6,356
–
a
5325109.SQ.FTS.B
,
4
.114
%
,
11/22/33
...
3,741
–
a
5325953.SQ.FTS.B
,
3
.673
%
,
11/23/33
...
27,323
2
a
5331997.SQ.FTS.B
,
3
.29
%
,
11/24/33
....
1,138
–
a
5333772.SQ.FTS.B
,
3
.324
%
,
11/24/33
...
967
–
a
5334010.SQ.FTS.B
,
3
.33
%
,
11/24/33
....
435
–
a
5332017.SQ.FTS.B
,
4
.403
%
,
11/24/33
...
3,457
–
a
5334017.SQ.FTS.B
,
4
.403
%
,
11/24/33
...
710
–
a
5334919.SQ.FTS.B
,
4
.56
%
,
11/24/33
....
1,216
–
a
5332382.SQ.FTS.B
,
4
.858
%
,
11/24/33
...
1,453
–
a
5333523.SQ.FTS.B
,
4
.881
%
,
11/24/33
...
620
–
a
5337318.SQ.FTS.B
,
3
.962
%
,
11/25/33
...
1,470
–
a
5336258.SQ.FTS.B
,
4
.558
%
,
11/25/33
...
4,115
–
a
5365379.SQ.FTS.B
,
4
.56
%
,
11/26/33
....
768
–
a
5364900.SQ.FTS.B
,
4
.571
%
,
11/26/33
...
1,391
–
a
5377413.SQ.FTS.B
,
3
.944
%
,
11/27/33
...
944
–
a
5378585.SQ.FTS.B
,
3
.953
%
,
11/27/33
...
392
–
a
5369148.SQ.FTS.B
,
4
.354
%
,
11/27/33
...
969
–
a
5377620.SQ.FTS.B
,
4
.414
%
,
11/27/33
...
13,408
2
a
5397535.SQ.FTS.B
,
3
.585
%
,
11/30/33
...
5,543
–
a
5393796.SQ.FTS.B
,
5
.031
%
,
11/30/33
...
184
–
a
5408127.SQ.FTS.B
,
3
.774
%
,
12/01/33
...
1,021
–
a
5412734.SQ.FTS.B
,
3
.992
%
,
12/01/33
...
8,127
–
a
5413423.SQ.FTS.B
,
4
.879
%
,
12/01/33
...
2,550
–
a
5411388.SQ.FTS.B
,
5
.031
%
,
12/01/33
...
563
–
a
5447961.SQ.FTS.B
,
4
.557
%
,
12/02/33
...
697
–
a
5472760.SQ.FTS.B
,
4
.479
%
,
12/04/33
...
3,648
–
a
5475686.SQ.FTS.B
,
4
.56
%
,
12/06/33
....
2,736
–
a
5479438.SQ.FTS.B
,
4
.866
%
,
12/06/33
...
631
–
a
5480752.SQ.FTS.B
,
5
.031
%
,
12/06/33
...
3,098
–
a
5505930.SQ.FTS.B
,
6
.289
%
,
12/07/33
...
1,048
–
a
5518310.SQ.FTS.B
,
3
.913
%
,
12/08/33
...
390
–
a
5515187.SQ.FTS.B
,
4
.403
%
,
12/08/33
...
4,692
–
a
5516154.SQ.FTS.B
,
4
.72
%
,
12/08/33
....
12,489
–
a
5507000.SQ.FTS.B
,
4
.758
%
,
12/08/33
...
38,614
1
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
73
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
5533995.SQ.FTS.B
,
3
.277
%
,
12/09/33
...
$
813
$
–
a
5534121.SQ.FTS.B
,
5
.031
%
,
12/09/33
...
5,159
–
a
5534689.SQ.FTS.B
,
3
.346
%
,
12/10/33
...
3,849
–
a
5537817.SQ.FTS.B
,
4
.193
%
,
12/10/33
...
798
–
a
5537728.SQ.FTS.B
,
4
.447
%
,
12/10/33
...
2,668
–
a
5535547.SQ.FTS.B
,
4
.724
%
,
12/10/33
...
4,404
–
a
5537953.SQ.FTS.B
,
5
.029
%
,
12/10/33
...
4,030
–
a
5539948.SQ.FTS.B
,
4
.239
%
,
12/11/33
...
1,314
–
a
5541083.SQ.FTS.B
,
2
.917
%
,
12/12/33
...
114
–
a
5541094.SQ.FTS.B
,
4
.721
%
,
12/12/33
...
5,085
–
a
5546515.SQ.FTS.B
,
4
.556
%
,
12/13/33
...
2,064
–
a
5552344.SQ.FTS.B
,
3
.537
%
,
12/14/33
...
1,674
–
a
5547946.SQ.FTS.B
,
5
.031
%
,
12/14/33
...
1,134
–
a
5554641.SQ.FTS.B
,
3
.292
%
,
12/15/33
...
62,255
–
a
5556696.SQ.FTS.B
,
5
.344
%
,
12/15/33
...
5,553
1
a
5563038.SQ.FTS.B
,
4
.564
%
,
12/16/33
...
4,772
–
a
5562047.SQ.FTS.B
,
4
.565
%
,
12/16/33
...
3,095
–
a
5564628.SQ.FTS.B
,
3
.302
%
,
12/17/33
...
2,787
–
a
5565992.SQ.FTS.B
,
4
.875
%
,
12/17/33
...
2,616
–
a
5568881.SQ.FTS.B
,
3
.298
%
,
12/19/33
...
1,314
–
a
5569070.SQ.FTS.B
,
4
.568
%
,
12/19/33
...
29,610
–
a
5572327.SQ.FTS.B
,
4
.572
%
,
12/20/33
...
243
–
a
5574351.SQ.FTS.B
,
4
.403
%
,
12/21/33
...
10,696
1
a
5573406.SQ.FTS.B
,
4
.546
%
,
12/21/33
...
363
–
a
5575886.SQ.FTS.B
,
4
.557
%
,
12/21/33
...
894
–
a
5586899.SQ.FTS.B
,
3
.653
%
,
12/24/33
...
2,468
–
a
5585522.SQ.FTS.B
,
4
.55
%
,
12/24/33
....
472
–
a
5588173.SQ.FTS.B
,
3
.774
%
,
12/25/33
...
4,554
–
a
5589322.SQ.FTS.B
,
4
.564
%
,
12/26/33
...
4,040
–
a
5588832.SQ.FTS.B
,
4
.719
%
,
12/26/33
...
7,140
–
a
5594180.SQ.FTS.B
,
2
.869
%
,
12/28/33
...
732
–
a
5595624.SQ.FTS.B
,
4
.567
%
,
12/28/33
...
789
–
a
5600496.SQ.FTS.B
,
2
.664
%
,
12/29/33
...
371
–
a
5599728.SQ.FTS.B
,
2
.797
%
,
12/29/33
...
4,867
–
a
5597497.SQ.FTS.B
,
4
.56
%
,
12/29/33
....
1,451
–
a
5600632.SQ.FTS.B
,
5
.031
%
,
12/29/33
...
3,133
–
a
5600526.SQ.FTS.B
,
5
.296
%
,
12/29/33
...
1,008
–
a
5611517.SQ.FTS.B
,
4
.558
%
,
12/30/33
...
2,001
–
a
5612507.SQ.FTS.B
,
4
.56
%
,
12/30/33
....
11,600
1
a
5616046.SQ.FTS.B
,
2
.619
%
,
1/01/34
....
1,631
–
a
5616216.SQ.FTS.B
,
3
.563
%
,
1/01/34
....
5,841
1
a
5614938.SQ.FTS.B
,
4
.555
%
,
1/01/34
....
2,188
–
a
5618116.SQ.FTS.B
,
4
.875
%
,
1/02/34
....
8,099
1
a
5618863.SQ.FTS.B
,
3
.774
%
,
1/03/34
....
1,492
–
a
5619959.SQ.FTS.B
,
4
.559
%
,
1/04/34
....
2,374
–
a
5620066.SQ.FTS.B
,
4
.566
%
,
1/04/34
....
2,868
–
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
5619464.SQ.FTS.B
,
4
.582
%
,
1/04/34
....
$
646
$
–
a
5623363.SQ.FTS.B
,
4
.559
%
,
1/05/34
....
10,990
–
a
5624299.SQ.FTS.B
,
4
.712
%
,
1/05/34
....
6,091
–
a
5630151.SQ.FTS.B
,
3
.936
%
,
1/06/34
....
506
–
a
5647775.SQ.FTS.B
,
4
.257
%
,
1/07/34
....
1,305
–
a
5654133.SQ.FTS.B
,
4
.875
%
,
1/08/34
....
32,774
–
a
5655643.SQ.FTS.B
,
3
.936
%
,
1/09/34
....
4,363
–
a
5656207.SQ.FTS.B
,
4
.559
%
,
1/09/34
....
8,733
1
a
5655850.SQ.FTS.B
,
4
.715
%
,
1/09/34
....
906
–
a
5663245.SQ.FTS.B
,
3
.302
%
,
1/11/34
....
500
–
a
5663983.SQ.FTS.B
,
3
.826
%
,
1/11/34
....
461
–
a
5662691.SQ.FTS.B
,
4
.56
%
,
1/11/34
.....
573
–
a
5666806.SQ.FTS.B
,
3
.304
%
,
1/12/34
....
13,430
–
a
5671581.SQ.FTS.B
,
4
.559
%
,
1/12/34
....
18,583
–
a
5672653.SQ.FTS.B
,
3
.774
%
,
1/13/34
....
2,955
–
a
5673210.SQ.FTS.B
,
3
.934
%
,
1/13/34
....
2,838
–
a
5675130.SQ.FTS.B
,
4
.718
%
,
1/13/34
....
490
–
a
5695450.SQ.FTS.B
,
3
.323
%
,
1/14/34
....
26,182
2
a
5694816.SQ.FTS.B
,
3
.38
%
,
1/14/34
.....
1,074
–
a
5689248.SQ.FTS.B
,
4
.556
%
,
1/14/34
....
1,934
–
a
5700432.SQ.FTS.B
,
4
.193
%
,
1/15/34
....
929
–
a
5700306.SQ.FTS.B
,
4
.416
%
,
1/15/34
....
67
–
a
5696963.SQ.FTS.B
,
4
.559
%
,
1/15/34
....
8,836
–
a
5703401.SQ.FTS.B
,
5
.031
%
,
1/17/34
....
1,653
–
a
5703743.SQ.FTS.B
,
5
.031
%
,
1/17/34
....
1,220
–
a
5708905.SQ.FTS.B
,
3
.906
%
,
1/18/34
....
553
–
a
5709549.SQ.FTS.B
,
4
.174
%
,
1/18/34
....
12,160
–
a
5708392.SQ.FTS.B
,
4
.561
%
,
1/18/34
....
9,171
–
a
5706022.SQ.FTS.B
,
5
.179
%
,
1/18/34
....
194
–
a
5721102.SQ.FTS.B
,
4
.871
%
,
1/20/34
....
1,302
–
a
5728577.SQ.FTS.B
,
4
.56
%
,
1/21/34
.....
3,241
–
a
5732624.SQ.FTS.B
,
4
.56
%
,
1/22/34
.....
11,619
–
a
5731303.SQ.FTS.B
,
4
.574
%
,
1/22/34
....
1,418
–
a
5735573.SQ.FTS.B
,
4
.403
%
,
1/24/34
....
5,816
1
a
5737632.SQ.FTS.B
,
3
.931
%
,
1/25/34
....
5,796
–
a
5741303.SQ.FTS.B
,
4
.567
%
,
1/26/34
....
2,044
–
a
5751520.SQ.FTS.B
,
3
.308
%
,
1/28/34
....
2,991
–
a
5752156.SQ.FTS.B
,
5
.022
%
,
1/28/34
....
968
–
a
5754310.SQ.FTS.B
,
3
.164
%
,
1/29/34
....
1,070
–
a
5756610.SQ.FTS.B
,
3
.774
%
,
1/29/34
....
4,556
–
a
5754783.SQ.FTS.B
,
4
.567
%
,
1/29/34
....
1,086
–
a
5755879.SQ.FTS.B
,
5
.119
%
,
1/29/34
....
3,261
–
a
5757607.SQ.FTS.B
,
3
.929
%
,
1/31/34
....
9,346
–
a
5760954.SQ.FTS.B
,
4
.102
%
,
2/01/34
....
2,824
–
a
5759456.SQ.FTS.B
,
4
.122
%
,
2/01/34
....
159
–
a
5758291.SQ.FTS.B
,
4
.565
%
,
2/01/34
....
5,772
–
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
74
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
5767488.SQ.FTS.B
,
4
.566
%
,
2/03/34
....
$
1,233
$
–
a
5773116.SQ.FTS.B
,
4
.87
%
,
2/04/34
.....
3,729
–
a
5777772.SQ.FTS.B
,
4
.558
%
,
2/05/34
....
8,178
–
a
5778008.SQ.FTS.B
,
4
.687
%
,
2/05/34
....
4,729
–
a
5781951.SQ.FTS.B
,
4
.557
%
,
2/08/34
....
4,019
–
a
5784874.SQ.FTS.B
,
5
.153
%
,
2/09/34
....
3,818
–
a
5792518.SQ.FTS.B
,
4
.876
%
,
2/10/34
....
16,456
–
a
5802478.SQ.FTS.B
,
3
.774
%
,
2/11/34
....
7,637
–
a
5812068.SQ.FTS.B
,
3
.302
%
,
2/12/34
....
2,493
–
a
5809201.SQ.FTS.B
,
3
.975
%
,
2/12/34
....
718
–
a
5812645.SQ.FTS.B
,
4
.529
%
,
2/12/34
....
18,070
–
a
5810852.SQ.FTS.B
,
4
.558
%
,
2/12/34
....
3,602
–
a
5813253.SQ.FTS.B
,
4
.558
%
,
2/12/34
....
7,311
–
a
5813184.SQ.FTS.B
,
4
.894
%
,
2/12/34
....
1,676
–
a
5813462.SQ.FTS.B
,
4
.687
%
,
2/13/34
....
1,394
–
a
5814016.SQ.FTS.B
,
4
.876
%
,
2/13/34
....
2,868
–
a
5814576.SQ.FTS.B
,
3
.308
%
,
2/14/34
....
2,223
–
a
5816945.SQ.FTS.B
,
4
.876
%
,
2/15/34
....
4,384
–
a
5815447.SQ.FTS.B
,
5
.156
%
,
2/15/34
....
1,227
4
a
5817070.SQ.FTS.B
,
5
.158
%
,
2/15/34
....
30,140
–
a
5823345.SQ.FTS.B
,
3
.944
%
,
2/17/34
....
1,884
–
a
5825002.SQ.FTS.B
,
4
.56
%
,
2/17/34
.....
35,998
–
a
5823283.SQ.FTS.B
,
4
.633
%
,
2/17/34
....
18
–
a
5824742.SQ.FTS.B
,
4
.688
%
,
2/17/34
....
3,323
–
a
5825354.SQ.FTS.B
,
4
.723
%
,
2/17/34
....
4,925
–
a
5827842.SQ.FTS.B
,
4
.561
%
,
2/18/34
....
7,668
1
a
5830440.SQ.FTS.B
,
4
.562
%
,
2/18/34
....
2,577
–
a
5828926.SQ.FTS.B
,
4
.685
%
,
2/18/34
....
17,907
2
a
5832209.SQ.FTS.B
,
4
.403
%
,
2/19/34
....
26,120
1
a
5832576.SQ.FTS.B
,
4
.581
%
,
2/19/34
....
132
–
a
5832609.SQ.FTS.B
,
4
.929
%
,
2/19/34
....
2,194
–
a
5834318.SQ.FTS.B
,
3
.304
%
,
2/20/34
....
8,185
1
a
5834294.SQ.FTS.B
,
4
.537
%
,
2/20/34
....
502
–
a
5835079.SQ.FTS.B
,
5
.031
%
,
2/20/34
....
683
–
a
5837211.SQ.FTS.B
,
4
.56
%
,
2/22/34
.....
2,901
–
a
5837315.SQ.FTS.B
,
4
.561
%
,
2/22/34
....
4,547
–
a
5837252.SQ.FTS.B
,
5
.262
%
,
2/22/34
....
1,427
–
a
5840394.SQ.FTS.B
,
4
.809
%
,
2/23/34
....
7,735
–
a
5839815.SQ.FTS.B
,
4
.859
%
,
2/23/34
....
615
–
a
5842093.SQ.FTS.B
,
4
.874
%
,
2/23/34
....
1,240
–
a
5851647.SQ.FTS.B
,
4
.534
%
,
2/25/34
....
1,396
–
a
5848551.SQ.FTS.B
,
4
.685
%
,
2/25/34
....
1,094
–
a
5852027.SQ.FTS.B
,
4
.82
%
,
2/26/34
.....
1,057
8
a
5854311.SQ.FTS.B
,
5
.158
%
,
2/26/34
....
663
4
a
5853740.SQ.FTS.B
,
5
.288
%
,
2/26/34
....
2,104
–
a
5855240.SQ.FTS.B
,
5
.19
%
,
2/27/34
.....
6,098
–
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
5866864.SQ.FTS.B
,
4
.019
%
,
2/28/34
....
$
2,965
$
6
a
5857039.SQ.FTS.B
,
4
.523
%
,
2/28/34
....
219
–
a
5861134.SQ.FTS.B
,
4
.529
%
,
2/28/34
....
14,061
2
a
5856353.SQ.FTS.B
,
4
.567
%
,
2/28/34
....
535
–
a
5866568.SQ.FTS.B
,
4
.617
%
,
2/28/34
....
2,638
–
a
5855911.SQ.FTS.B
,
4
.687
%
,
2/28/34
....
2,925
1
a
5861125.SQ.FTS.B
,
4
.772
%
,
2/28/34
....
619
–
a
5856586.SQ.FTS.B
,
5
.028
%
,
2/28/34
....
3,681
41
a
5862630.SQ.FTS.B
,
5
.067
%
,
2/28/34
....
5,065
–
a
5873819.SQ.FTS.B
,
5
.09
%
,
3/01/34
.....
1,232
–
a
5874482.SQ.FTS.B
,
4
.762
%
,
3/02/34
....
657
–
a
5874329.SQ.FTS.B
,
5
.179
%
,
3/02/34
....
422
–
a
5877776.SQ.FTS.B
,
5
.458
%
,
3/03/34
....
691
–
a
5878846.SQ.FTS.B
,
5
.302
%
,
3/05/34
....
356
–
a
5885192.SQ.FTS.B
,
5
.384
%
,
3/07/34
....
2,394
1
a
5884477.SQ.FTS.B
,
5
.518
%
,
3/07/34
....
988
–
a
5883334.SQ.FTS.B
,
5
.524
%
,
3/07/34
....
1,109
–
a
5889080.SQ.FTS.B
,
4
.718
%
,
3/08/34
....
771
–
a
5889436.SQ.FTS.B
,
4
.844
%
,
3/08/34
....
14,724
5
a
5889875.SQ.FTS.B
,
5
.174
%
,
3/08/34
....
97
–
a
5889597.SQ.FTS.B
,
5
.287
%
,
3/08/34
....
1,085
1
a
5894091.SQ.FTS.B
,
4
.599
%
,
3/09/34
....
2,167
–
a
5893929.SQ.FTS.B
,
4
.751
%
,
3/09/34
....
788
–
a
5893541.SQ.FTS.B
,
5
.441
%
,
3/09/34
....
4,112
3
a
5893815.SQ.FTS.B
,
5
.451
%
,
3/09/34
....
1,195
–
a
5898769.SQ.FTS.B
,
3
.93
%
,
3/12/34
.....
2,169
38
a
5898320.SQ.FTS.B
,
5
.031
%
,
3/12/34
....
8,262
7
a
5900989.SQ.FTS.B
,
3
.935
%
,
3/13/34
....
5,386
1
a
5900390.SQ.FTS.B
,
4
.434
%
,
3/13/34
....
13,495
2
a
5900600.SQ.FTS.B
,
5
.093
%
,
3/13/34
....
7,701
3
a
5903864.SQ.FTS.B
,
5
.043
%
,
3/14/34
....
2,296
1
a
5911495.SQ.FTS.B
,
4
.309
%
,
3/16/34
....
40,359
18
a
5910869.SQ.FTS.B
,
5
.031
%
,
3/16/34
....
2,092
–
a
5913989.SQ.FTS.B
,
5
.445
%
,
3/17/34
....
1,336
1
a
5914396.SQ.FTS.B
,
5
.177
%
,
3/18/34
....
1,467
–
a
5915505.SQ.FTS.B
,
5
.283
%
,
3/19/34
....
16,318
16
a
5917707.SQ.FTS.B
,
5
.541
%
,
3/19/34
....
3,053
1
a
5921285.SQ.FTS.B
,
4
.747
%
,
3/20/34
....
2,698
2
a
5921918.SQ.FTS.B
,
5
.156
%
,
3/20/34
....
11,547
2
a
5923022.SQ.FTS.B
,
5
.284
%
,
3/21/34
....
1,435
1
a
5934059.SQ.FTS.B
,
5
.076
%
,
3/24/34
....
1,242
1
a
5934219.SQ.FTS.B
,
5
.158
%
,
3/24/34
....
22,371
10
a
5934730.SQ.FTS.B
,
4
.74
%
,
3/25/34
.....
2,564
1
a
5936923.SQ.FTS.B
,
4
.526
%
,
3/26/34
....
9,927
3
a
5938584.SQ.FTS.B
,
5
.097
%
,
3/26/34
....
6,806
3
a
5937124.SQ.FTS.B
,
5
.189
%
,
3/26/34
....
181
–
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
75
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
5941367.SQ.FTS.B
,
4
.717
%
,
3/27/34
....
$
4,768
$
2
a
5945082.SQ.FTS.B
,
3
.927
%
,
3/28/34
....
2,500
40
a
5943947.SQ.FTS.B
,
4
.74
%
,
3/28/34
.....
1,308
2
a
5945214.SQ.FTS.B
,
5
.367
%
,
3/28/34
....
656
1
a
5950686.SQ.FTS.B
,
4
.744
%
,
3/29/34
....
810
–
a
5954440.SQ.FTS.B
,
4
.843
%
,
3/30/34
....
7,514
18
a
5953097.SQ.FTS.B
,
5
.031
%
,
3/30/34
....
885
1
a
5956888.SQ.FTS.B
,
4
.221
%
,
4/02/34
....
2,980
1
a
5956650.SQ.FTS.B
,
5
.084
%
,
4/02/34
....
619
–
a
5956268.SQ.FTS.B
,
5
.096
%
,
4/02/34
....
609
1
a
5960434.SQ.FTS.B
,
5
.182
%
,
4/03/34
....
375
–
a
5959931.SQ.FTS.B
,
5
.429
%
,
4/03/34
....
1,644
1
a
5959978.SQ.FTS.B
,
5
.543
%
,
4/03/34
....
1,182
2
a
5966156.SQ.FTS.B
,
4
.03
%
,
4/05/34
.....
4,893
5
a
5964109.SQ.FTS.B
,
5
.28
%
,
4/05/34
.....
3,134
4
a
5980129.SQ.FTS.B
,
4
.947
%
,
4/10/34
....
695
–
a
5981924.SQ.FTS.B
,
4
.843
%
,
4/11/34
....
12,026
4
a
5983869.SQ.FTS.B
,
5
.031
%
,
4/11/34
....
1,723
77
a
5983705.SQ.FTS.B
,
5
.441
%
,
4/11/34
....
4,402
3
a
5986027.SQ.FTS.B
,
5
.095
%
,
4/12/34
....
3,601
2
a
5991404.SQ.FTS.B
,
4
.591
%
,
4/13/34
....
2,551
221
a
5995853.SQ.FTS.B
,
4
.028
%
,
4/14/34
....
7,553
5
a
5995769.SQ.FTS.B
,
4
.938
%
,
4/14/34
....
4,698
4
a
5996582.SQ.FTS.B
,
5
.428
%
,
4/15/34
....
330
–
a
6000328.SQ.FTS.B
,
5
.275
%
,
4/17/34
....
2,618
1
a
6001519.SQ.FTS.B
,
4
.591
%
,
4/18/34
....
505
1
a
6010572.SQ.FTS.B
,
4
.216
%
,
4/20/34
....
6,145
4
a
6010705.SQ.FTS.B
,
4
.906
%
,
4/20/34
....
4,090
6
a
6015748.SQ.FTS.B
,
4
.756
%
,
4/21/34
....
3,151
1
a
6023977.SQ.FTS.B
,
5
.196
%
,
4/25/34
....
871
1
a
6024354.SQ.FTS.B
,
5
.439
%
,
4/26/34
....
13,543
8
a
6037378.SQ.FTS.B
,
4
.751
%
,
4/29/34
....
732
1
a
6038361.SQ.FTS.B
,
4
.526
%
,
4/30/34
....
2,968
4
a
6057823.SQ.FTS.B
,
4
.905
%
,
5/04/34
....
17,364
26
a
6063087.SQ.FTS.B
,
4
.305
%
,
5/07/34
....
4,299
2
a
6064155.SQ.FTS.B
,
5
.379
%
,
5/08/34
....
694
1
a
6064464.SQ.FTS.B
,
5
.542
%
,
5/08/34
....
3,001
2
a
6111911.SQ.FTS.B
,
5
.379
%
,
5/09/34
.....
1,257
1
a
6120978.SQ.FTS.B
,
4
.769
%
,
5/10/34
....
836
1
a
6123828.SQ.FTS.B
,
4
.906
%
,
5/10/34
....
15,343
16
a
6122851.SQ.FTS.B
,
5
.157
%
,
5/10/34
....
5,276
7
a
6122683.SQ.FTS.B
,
5
.438
%
,
5/10/34
....
9,407
9
a
6126543.SQ.FTS.B
,
5
.457
%
,
5/12/34
....
452
1
a
6127052.SQ.FTS.B
,
5
.539
%
,
5/13/34
....
2,897
4
a
6134462.SQ.FTS.B
,
4
.527
%
,
5/15/34
....
5,519
8
a
6143084.SQ.FTS.B
,
5
.515
%
,
5/17/34
....
622
1
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
6145383.SQ.FTS.B
,
5
.158
%
,
5/18/34
....
$
25,311
$
27
a
6147104.SQ.FTS.B
,
5
.157
%
,
5/19/34
....
7,588
21
a
6147718.SQ.FTS.B
,
5
.373
%
,
5/20/34
....
3,339
18
a
6147775.SQ.FTS.B
,
5
.453
%
,
5/20/34
....
1,022
1
a
6149657.SQ.FTS.B
,
4
.748
%
,
5/21/34
....
8,931
38
a
6149268.SQ.FTS.B
,
5
.031
%
,
5/21/34
....
3,411
2
a
6154074.SQ.FTS.B
,
4
.534
%
,
5/22/34
....
4,237
7
a
6160262.SQ.FTS.B
,
4
.751
%
,
5/23/34
....
4,566
19
a
6159444.SQ.FTS.B
,
4
.901
%
,
5/23/34
....
605
3
a
6159521.SQ.FTS.B
,
5
.283
%
,
5/23/34
....
1,602
64
a
6161261.SQ.FTS.B
,
5
.287
%
,
5/24/34
....
1,545
5
a
6162505.SQ.FTS.B
,
5
.376
%
,
5/25/34
....
3,884
4
a
6164819.SQ.FTS.B
,
5
.444
%
,
5/26/34
....
480
3
a
6164962.SQ.FTS.B
,
5
.445
%
,
5/26/34
....
3,092
3
a
6168721.SQ.FTS.B
,
5
.158
%
,
5/28/34
....
2,417
329
a
6169262.SQ.FTS.B
,
5
.444
%
,
5/28/34
....
142
–
a
6173109.SQ.FTS.B
,
4
.311
%
,
5/29/34
....
732
4
a
6173073.SQ.FTS.B
,
4
.906
%
,
5/29/34
....
1,600
6
a
6185954.SQ.FTS.B
,
5
.441
%
,
6/03/34
....
1,743
2
a
6185770.SQ.FTS.B
,
5
.547
%
,
6/03/34
....
2,564
4
a
6190982.SQ.FTS.B
,
4
.314
%
,
6/05/34
....
4,546
15
a
6191154.SQ.FTS.B
,
5
.532
%
,
6/06/34
....
2,148
4
a
6209210.SQ.FTS.B
,
4
.309
%
,
6/09/34
....
6,712
32
a
6209706.SQ.FTS.B
,
5
.036
%
,
6/10/34
....
2,538
11
a
6211694.SQ.FTS.B
,
5
.372
%
,
6/12/34
....
3,075
227
a
6217699.SQ.FTS.B
,
4
.748
%
,
6/13/34
....
3,192
6
a
6217315.SQ.FTS.B
,
5
.031
%
,
6/13/34
....
687
1
a
6220586.SQ.FTS.B
,
5
.031
%
,
6/14/34
....
3,429
5
a
6220625.SQ.FTS.B
,
5
.378
%
,
6/14/34
....
8,814
17
a
6227194.SQ.FTS.B
,
5
.02
%
,
6/16/34
.....
1,909
341
a
6236255.SQ.FTS.B
,
5
.436
%
,
6/18/34
....
2,023
7
a
6237088.SQ.FTS.B
,
4
.742
%
,
6/19/34
....
1,309
3
a
6237213.SQ.FTS.B
,
5
.438
%
,
6/19/34
....
994
2
a
6243468.SQ.FTS.B
,
4
.969
%
,
6/20/34
....
12,676
64
a
6243792.SQ.FTS.B
,
5
.374
%
,
6/21/34
....
2,999
6
a
6245571.SQ.FTS.B
,
5
.674
%
,
6/21/34
....
533
1
a
6254473.SQ.FTS.B
,
5
.251
%
,
6/23/34
....
15,036
26
a
6254361.SQ.FTS.B
,
5
.374
%
,
6/23/34
....
1,745
5
a
6254841.SQ.FTS.B
,
5
.443
%
,
6/23/34
....
5,554
20
a
6259695.SQ.FTS.B
,
5
.545
%
,
6/27/34
....
2,225
3
a
6265153.SQ.FTS.B
,
5
.127
%
,
6/29/34
....
11,421
60
a
6266370.SQ.FTS.B
,
5
.252
%
,
6/29/34
....
10,342
2,181
a
6272382.SQ.FTS.B
,
4
.748
%
,
7/02/34
....
3,194
659
a
6275326.SQ.FTS.B
,
5
.44
%
,
7/03/34
.....
2,114
15
a
6277033.SQ.FTS.B
,
5
.25
%
,
7/04/34
.....
3,011
11
a
6278139.SQ.FTS.B
,
5
.61
%
,
7/04/34
.....
931
6
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
76
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
6282812.SQ.FTS.B
,
4
.969
%
,
7/06/34
....
$
15,894
$
49
a
6285291.SQ.FTS.B
,
4
.969
%
,
7/06/34
....
21,510
178
a
6285821.SQ.FTS.B
,
5
.609
%
,
7/07/34
....
1,998
9
a
6300866.SQ.FTS.B
,
5
.66
%
,
7/13/34
.....
274
1
a
6308012.SQ.FTS.B
,
5
.759
%
,
7/17/34
....
168
36
a
6309341.SQ.FTS.B
,
5
.767
%
,
7/18/34
....
1,719
5
a
6314763.SQ.FTS.B
,
4
.749
%
,
7/19/34
....
982
4
a
6319056.SQ.FTS.B
,
4
.748
%
,
7/21/34
....
430
45
a
6351823.SQ.FTS.B
,
4
.966
%
,
7/24/34
....
2,003
154
a
6353581.SQ.FTS.B
,
5
.118
%
,
7/24/34
....
916
4
a
6351975.SQ.FTS.B
,
5
.478
%
,
7/24/34
....
2,638
10
a
6357497.SQ.FTS.B
,
4
.749
%
,
7/25/34
....
316
99
a
6359468.SQ.FTS.B
,
5
.627
%
,
7/26/34
....
432
2
a
6370285.SQ.FTS.B
,
5
.757
%
,
7/30/34
....
1,998
14
a
6372961.SQ.FTS.B
,
5
.377
%
,
7/31/34
....
57,137
211
a
6374394.SQ.FTS.B
,
4
.528
%
,
8/01/34
....
149
49
a
6379092.SQ.FTS.B
,
5
.66
%
,
8/02/34
.....
954
3
a
6378866.SQ.FTS.B
,
5
.756
%
,
8/02/34
....
1,238
7
a
6382243.SQ.FTS.B
,
4
.969
%
,
8/03/34
....
40,502
398
a
6384961.SQ.FTS.B
,
5
.423
%
,
8/03/34
....
116
8
a
6386635.SQ.FTS.B
,
4
.99
%
,
8/05/34
.....
1,423
4
a
6389269.SQ.FTS.B
,
5
.373
%
,
8/06/34
....
5,046
10
a
6389202.SQ.FTS.B
,
5
.751
%
,
8/06/34
....
3,677
32
a
6392987.SQ.FTS.B
,
4
.75
%
,
8/07/34
.....
7,102
26
a
6392793.SQ.FTS.B
,
5
.48
%
,
8/07/34
.....
432
2
a
6393441.SQ.FTS.B
,
4
.971
%
,
8/08/34
....
2,464
11
a
6404033.SQ.FTS.B
,
4
.755
%
,
8/11/34
....
2,159
12
a
6410608.SQ.FTS.B
,
5
.471
%
,
8/14/34
....
23,537
73
a
6413090.SQ.FTS.B
,
5
.251
%
,
8/15/34
....
14,328
63
a
6422493.SQ.FTS.B
,
4
.96
%
,
8/17/34
.....
96
10
a
6424176.SQ.FTS.B
,
4
.969
%
,
8/18/34
....
22,930
98
a
6427394.SQ.FTS.B
,
4
.75
%
,
8/21/34
.....
24,524
188
a
6427044.SQ.FTS.B
,
5
.471
%
,
8/21/34
....
637
5
a
6431015.SQ.FTS.B
,
4
.969
%
,
8/22/34
....
3,234
17
a
6439616.SQ.FTS.B
,
4
.969
%
,
8/23/34
....
2,924
26
a
6439850.SQ.FTS.B
,
5
.472
%
,
8/23/34
....
7,981
49
a
6436390.SQ.FTS.B
,
5
.597
%
,
8/23/34
....
3,413
16
a
6442480.SQ.FTS.B
,
5
.383
%
,
8/24/34
....
1,922
586
a
6451818.SQ.FTS.B
,
4
.528
%
,
8/28/34
....
32,683
146
a
6452723.SQ.FTS.B
,
4
.75
%
,
8/28/34
.....
1,879
5
a
6454314.SQ.FTS.B
,
4
.97
%
,
9/01/34
.....
6,133
29
a
6461434.SQ.FTS.B
,
5
.252
%
,
9/03/34
....
6,632
77
a
6464078.SQ.FTS.B
,
5
.121
%
,
9/04/34
....
883
308
a
6467555.SQ.FTS.B
,
5
.377
%
,
9/06/34
....
3,596
27
a
6465421.SQ.FTS.B
,
5
.451
%
,
9/06/34
....
1,180
9
a
6470092.SQ.FTS.B
,
5
.469
%
,
9/07/34
....
3,576
22
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
6475454.SQ.FTS.B
,
5
.126
%
,
9/08/34
....
$
2,557
$
15
a
6475554.SQ.FTS.B
,
5
.597
%
,
9/08/34
....
8,062
24
a
6481328.SQ.FTS.B
,
4
.748
%
,
9/09/34
....
6,302
78
a
6483513.SQ.FTS.B
,
4
.528
%
,
9/10/34
....
7,992
709
a
6484336.SQ.FTS.B
,
5
.253
%
,
9/10/34
....
22,221
192
a
6484909.SQ.FTS.B
,
5
.468
%
,
9/10/34
....
1,126
376
a
6488356.SQ.FTS.B
,
5
.66
%
,
9/13/34
.....
3,633
21
a
6496050.SQ.FTS.B
,
5
.598
%
,
9/15/34
....
2,621
13
a
6503201.SQ.FTS.B
,
4
.755
%
,
9/17/34
....
1,828
15
a
6508534.SQ.FTS.B
,
5
.66
%
,
9/20/34
.....
3,125
23
a
6523267.SQ.FTS.B
,
4
.84
%
,
9/24/34
.....
5,923
83
a
6531074.SQ.FTS.B
,
5
.031
%
,
9/28/34
....
24,833
121
a
6533670.SQ.FTS.B
,
5
.44
%
,
9/28/34
.....
2,210
29
a
6537176.SQ.FTS.B
,
4
.53
%
,
9/29/34
.....
489
225
a
6534257.SQ.FTS.B
,
4
.971
%
,
9/29/34
....
1,444
556
a
6535323.SQ.FTS.B
,
5
.252
%
,
9/29/34
....
1,498
215
a
6537472.SQ.FTS.B
,
5
.437
%
,
9/29/34
....
2,567
10
a
6544501.SQ.FTS.B
,
4
.967
%
,
9/30/34
....
2,410
1,191
a
6541353.SQ.FTS.B
,
5
.597
%
,
9/30/34
....
1,377
579
a
6547411.SQ.FTS.B
,
4
.749
%
,
10/01/34
...
14,177
133
a
6549603.SQ.FTS.B
,
4
.523
%
,
10/03/34
...
223
88
a
6552948.SQ.FTS.B
,
5
.131
%
,
10/04/34
...
1,758
13
a
6553144.SQ.FTS.B
,
5
.44
%
,
10/04/34
....
734
7
a
6563116.SQ.FTS.B
,
5
.436
%
,
10/07/34
...
626
8
a
6566625.SQ.FTS.B
,
5
.189
%
,
10/08/34
...
10,420
111
a
6570679.SQ.FTS.B
,
5
.44
%
,
10/10/34
....
15,812
135
a
6576266.SQ.FTS.B
,
4
.743
%
,
10/12/34
...
915
361
a
6577981.SQ.FTS.B
,
5
.251
%
,
10/12/34
...
10,021
141
a
6581786.SQ.FTS.B
,
5
.755
%
,
10/13/34
...
584
12
a
6582337.SQ.FTS.B
,
6
.008
%
,
10/13/34
...
758
306
a
6592468.SQ.FTS.B
,
5
.188
%
,
10/18/34
...
26,389
179
a
6591444.SQ.FTS.B
,
6
.157
%
,
10/18/34
...
1,914
25
a
6608563.SQ.FTS.B
,
5
.569
%
,
10/24/34
...
1,619
31
a
6608375.SQ.FTS.B
,
6
.263
%
,
10/24/34
...
1,568
30
a
6614457.SQ.FTS.B
,
5
.759
%
,
10/26/34
...
2,216
44
a
6617414.SQ.FTS.B
,
6
.006
%
,
10/27/34
...
2,391
1,098
a
6623607.SQ.FTS.B
,
6
.419
%
,
10/28/34
...
2,737
51
a
6624957.SQ.FTS.B
,
6
.411
%
,
10/30/34
...
3,183
38
a
6628247.SQ.FTS.B
,
4
.937
%
,
11/01/34
...
3,665
83
a
6626404.SQ.FTS.B
,
6
.006
%
,
11/01/34
...
693
9
a
6628104.SQ.FTS.B
,
6
.162
%
,
11/01/34
...
8,424
67
a
6629787.SQ.FTS.B
,
5
.57
%
,
11/02/34
....
7,692
132
a
6632388.SQ.FTS.B
,
6
.413
%
,
11/02/34
...
6,201
97
a
6633231.SQ.FTS.B
,
4
.745
%
,
11/03/34
...
238
41
a
6639032.SQ.FTS.B
,
5
.442
%
,
11/04/34
...
11,342
236
a
6640094.SQ.FTS.B
,
6
.159
%
,
11/04/34
...
255
111
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
77
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
6644191.SQ.FTS.B
,
5
.189
%
,
11/05/34
...
$
32,363
$
439
a
6641907.SQ.FTS.B
,
5
.372
%
,
11/05/34
...
3,766
51
a
6641788.SQ.FTS.B
,
5
.445
%
,
11/05/34
...
1,794
33
a
6651688.SQ.FTS.B
,
4
.654
%
,
11/09/34
...
53,478
958
a
6649660.SQ.FTS.B
,
5
.185
%
,
11/09/34
...
121
20
a
6651437.SQ.FTS.B
,
5
.454
%
,
11/09/34
...
499
78
a
6655176.SQ.FTS.B
,
4
.943
%
,
11/10/34
...
144
72
a
6655130.SQ.FTS.B
,
5
.442
%
,
11/10/34
...
974
11
a
6657882.SQ.FTS.B
,
5
.189
%
,
11/11/34
...
16,892
9,405
a
6663871.SQ.FTS.B
,
4
.935
%
,
11/12/34
...
3,838
642
a
6662849.SQ.FTS.B
,
4
.936
%
,
11/12/34
...
4,461
124
a
6662189.SQ.FTS.B
,
6
.013
%
,
11/12/34
...
858
140
a
6664005.SQ.FTS.B
,
6
.167
%
,
11/12/34
...
3,617
418
a
6665226.SQ.FTS.B
,
6
.006
%
,
11/13/34
...
474
227
a
6668780.SQ.FTS.B
,
5
.566
%
,
11/15/34
...
9,273
140
a
6672424.SQ.FTS.B
,
5
.377
%
,
11/16/34
...
11,520
5,533
a
6670037.SQ.FTS.B
,
5
.571
%
,
11/16/34
...
6,805
92
a
6674961.SQ.FTS.B
,
5
.44
%
,
11/17/34
....
5,853
49
a
6678696.SQ.FTS.B
,
4
.936
%
,
11/18/34
...
19,360
263
a
6681578.SQ.FTS.B
,
4
.937
%
,
11/18/34
...
10,776
200
a
6681393.SQ.FTS.B
,
5
.187
%
,
11/18/34
...
880
442
a
6679343.SQ.FTS.B
,
5
.379
%
,
11/18/34
...
3,191
77
a
6684387.SQ.FTS.B
,
4
.738
%
,
11/19/34
...
1,197
18
a
6682519.SQ.FTS.B
,
5
.381
%
,
11/19/34
...
771
18
a
6685009.SQ.FTS.B
,
5
.752
%
,
11/20/34
...
2,633
40
a
6685907.SQ.FTS.B
,
5
.568
%
,
11/21/34
...
6,801
3,770
a
6686639.SQ.FTS.B
,
4
.937
%
,
11/22/34
...
1,131
20
a
6686940.SQ.FTS.B
,
4
.937
%
,
11/22/34
...
3,380
669
a
6689856.SQ.FTS.B
,
4
.659
%
,
11/23/34
...
4,087
78
a
6692529.SQ.FTS.B
,
5
.186
%
,
11/23/34
...
6,099
150
a
6689979.SQ.FTS.B
,
5
.377
%
,
11/23/34
...
12,919
316
a
6699675.SQ.FTS.B
,
4
.655
%
,
11/25/34
...
848
409
a
6709316.SQ.FTS.B
,
5
.767
%
,
11/29/34
...
171
92
a
6716198.SQ.FTS.B
,
6
.258
%
,
11/30/34
...
886
563
a
6720946.SQ.FTS.B
,
5
.378
%
,
12/01/34
...
1,068
633
a
6719810.SQ.FTS.B
,
6
.432
%
,
12/01/34
...
1,571
26
a
6724464.SQ.FTS.B
,
4
.747
%
,
12/02/34
...
9,907
212
a
6725712.SQ.FTS.B
,
5
.757
%
,
12/03/34
...
4,455
2,790
a
6729723.SQ.FTS.B
,
5
.761
%
,
12/05/34
...
908
575
a
6729931.SQ.FTS.B
,
6
.262
%
,
12/05/34
...
5,140
103
a
6731838.SQ.FTS.B
,
4
.654
%
,
12/06/34
...
5,855
137
a
6731255.SQ.FTS.B
,
5
.188
%
,
12/06/34
...
1,286
39
a
6730881.SQ.FTS.B
,
5
.755
%
,
12/06/34
...
5,837
3,115
a
6737291.SQ.FTS.B
,
5
.203
%
,
12/07/34
...
1,511
33
a
6733936.SQ.FTS.B
,
5
.996
%
,
12/07/34
...
90
51
a
6742103.SQ.FTS.B
,
6
.26
%
,
12/08/34
....
970
221
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
6746092.SQ.FTS.B
,
4
.659
%
,
12/09/34
...
$
1,222
$
20
a
6745247.SQ.FTS.B
,
4
.74
%
,
12/09/34
....
775
14
a
6746977.SQ.FTS.B
,
5
.188
%
,
12/10/34
...
15,911
123
a
6753247.SQ.FTS.B
,
4
.655
%
,
12/13/34
...
9,691
2,228
a
6753008.SQ.FTS.B
,
4
.749
%
,
12/13/34
...
6,085
73
a
6757268.SQ.FTS.B
,
4
.652
%
,
12/14/34
...
1,234
704
a
6757541.SQ.FTS.B
,
5
.44
%
,
12/14/34
....
750
368
a
6756294.SQ.FTS.B
,
5
.751
%
,
12/14/34
...
3,286
712
a
6756228.SQ.FTS.B
,
5
.763
%
,
12/14/34
...
10
6
a
6764489.SQ.FTS.B
,
4
.937
%
,
12/15/34
...
21,402
532
a
6762246.SQ.FTS.B
,
5
.372
%
,
12/15/34
...
325
170
a
6770530.SQ.FTS.B
,
5
.39
%
,
12/19/34
....
1,058
249
a
6771134.SQ.FTS.B
,
6
.006
%
,
12/19/34
...
18,506
289
a
6774551.SQ.FTS.B
,
5
.567
%
,
12/20/34
...
17,810
396
a
6775919.SQ.FTS.B
,
5
.189
%
,
12/21/34
...
3,477
2,340
a
6781272.SQ.FTS.B
,
5
.566
%
,
12/22/34
...
37,439
1,231
a
6783863.SQ.FTS.B
,
6
.167
%
,
12/23/34
...
116
70
a
6783369.SQ.FTS.B
,
6
.27
%
,
12/23/34
....
1,854
48
a
6789025.SQ.FTS.B
,
4
.654
%
,
12/26/34
...
1,773
1,225
a
6792314.SQ.FTS.B
,
6
.005
%
,
12/27/34
...
6,421
170
a
6795315.SQ.FTS.B
,
6
.417
%
,
12/28/34
...
1,229
31
a
6800044.SQ.FTS.B
,
6
.258
%
,
12/29/34
...
4,878
82
a
6804745.SQ.FTS.B
,
5
.449
%
,
12/30/34
...
361
228
a
6806677.SQ.FTS.B
,
5
.568
%
,
12/30/34
...
3,293
42
a
6808256.SQ.FTS.B
,
5
.546
%
,
1/01/35
....
794
27
a
6809383.SQ.FTS.B
,
4
.937
%
,
1/02/35
....
599
415
a
6812850.SQ.FTS.B
,
4
.652
%
,
1/03/35
....
1,848
54
a
6812517.SQ.FTS.B
,
5
.566
%
,
1/03/35
....
14,910
362
a
6811483.SQ.FTS.B
,
6
.005
%
,
1/03/35
....
4,249
2,725
a
6810642.SQ.FTS.B
,
6
.009
%
,
1/03/35
....
5,633
130
a
6815367.SQ.FTS.B
,
5
.371
%
,
1/05/35
....
1,775
55
a
6822097.SQ.FTS.B
,
4
.751
%
,
1/06/35
....
1,805
61
a
6818955.SQ.FTS.B
,
4
.938
%
,
1/06/35
....
7,512
146
a
6826532.SQ.FTS.B
,
5
.749
%
,
1/08/35
....
3,960
65
a
6827373.SQ.FTS.B
,
5
.378
%
,
1/09/35
....
1,261
823
a
6829785.SQ.FTS.B
,
4
.654
%
,
1/10/35
....
793
563
a
6828266.SQ.FTS.B
,
4
.762
%
,
1/10/35
....
147
92
a
6830364.SQ.FTS.B
,
5
.755
%
,
1/10/35
....
5,940
3,902
a
6833692.SQ.FTS.B
,
4
.657
%
,
1/11/35
....
653
467
a
6832546.SQ.FTS.B
,
5
.378
%
,
1/11/35
....
1,566
1,058
a
6833356.SQ.FTS.B
,
5
.379
%
,
1/11/35
....
10,225
6,178
a
6836269.SQ.FTS.B
,
4
.747
%
,
1/12/35
....
758
12
a
6833875.SQ.FTS.B
,
5
.189
%
,
1/12/35
....
1,457
883
a
6836478.SQ.FTS.B
,
5
.749
%
,
1/12/35
....
673
27
a
6841626.SQ.FTS.B
,
4
.748
%
,
1/13/35
....
5,625
124
a
6840598.SQ.FTS.B
,
5
.567
%
,
1/13/35
....
9,338
253
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
78
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
a
6838796.SQ.FTS.B
,
6
.176
%
,
1/13/35
....
$
1,173
$
338
a
6839643.SQ.FTS.B
,
6
.205
%
,
1/13/35
....
576
21
a
6843667.SQ.FTS.B
,
6
.415
%
,
1/14/35
....
32,216
854
a
6845960.SQ.FTS.B
,
4
.748
%
,
1/15/35
....
2,479
40
a
6846131.SQ.FTS.B
,
5
.747
%
,
1/15/35
....
1,468
39
a
6846797.SQ.FTS.B
,
5
.191
%
,
1/16/35
....
1,246
791
a
6846652.SQ.FTS.B
,
5
.773
%
,
1/16/35
....
185
7
a
6849498.SQ.FTS.B
,
4
.655
%
,
1/17/35
....
5,530
152
a
6849711.SQ.FTS.B
,
4
.743
%
,
1/17/35
....
628
17
a
6849119.SQ.FTS.B
,
5
.563
%
,
1/17/35
....
1,654
1,134
a
6848265.SQ.FTS.B
,
6
.172
%
,
1/17/35
....
1,144
43
a
6852615.SQ.FTS.B
,
4
.756
%
,
1/18/35
....
1,041
15
a
6855849.SQ.FTS.B
,
4
.653
%
,
1/19/35
....
3,444
2,182
a
6862957.SQ.FTS.B
,
6
.254
%
,
1/21/35
....
4,171
145
a
6868391.SQ.FTS.B
,
5
.436
%
,
1/24/35
....
2,172
915
a
6866804.SQ.FTS.B
,
6
.16
%
,
1/24/35
.....
688
485
a
6866189.SQ.FTS.B
,
6
.289
%
,
1/24/35
....
102
46
a
6870054.SQ.FTS.B
,
4
.921
%
,
1/25/35
....
888
411
a
6871369.SQ.FTS.B
,
5
.567
%
,
1/25/35
....
499
276
a
6871155.SQ.FTS.B
,
6
.012
%
,
1/25/35
....
3,560
57
a
6873383.SQ.FTS.B
,
6
.15
%
,
1/26/35
.....
334
171
a
6883232.SQ.FTS.B
,
5
.36
%
,
1/28/35
.....
301
196
a
6880856.SQ.FTS.B
,
5
.366
%
,
1/28/35
....
1,568
42
a
6883907.SQ.FTS.B
,
5
.429
%
,
1/28/35
....
394
167
a
6884403.SQ.FTS.B
,
5
.582
%
,
1/29/35
....
254
154
a
6884500.SQ.FTS.B
,
6
.262
%
,
1/29/35
....
2,067
1,133
a
6884787.SQ.FTS.B
,
6
.262
%
,
1/29/35
....
3,067
104
a
6888979.SQ.FTS.B
,
5
.187
%
,
1/31/35
....
829
452
a
6889119.SQ.FTS.B
,
6
.008
%
,
1/31/35
....
3,513
95
a
6889109.SQ.FTS.B
,
6
.258
%
,
1/31/35
....
1,622
43
a
6891067.SQ.FTS.B
,
6
.255
%
,
2/01/35
....
5,566
207
a
6895588.SQ.FTS.B
,
4
.657
%
,
2/02/35
....
10,603
196
a
6895440.SQ.FTS.B
,
5
.187
%
,
2/02/35
....
1,810
1,323
a
6893023.SQ.FTS.B
,
5
.378
%
,
2/02/35
....
14,273
507
a
6899300.SQ.FTS.B
,
4
.643
%
,
2/03/35
....
1,221
679
a
6899194.SQ.FTS.B
,
4
.754
%
,
2/03/35
....
463
10
a
6903284.SQ.FTS.B
,
4
.654
%
,
2/04/35
....
3,163
54
a
6904989.SQ.FTS.B
,
5
.189
%
,
2/05/35
....
22,198
14,146
a
6904822.SQ.FTS.B
,
5
.573
%
,
2/05/35
....
856
491
a
6908001.SQ.FTS.B
,
5
.565
%
,
2/07/35
....
23,167
501
a
6908375.SQ.FTS.B
,
6
.005
%
,
2/07/35
....
3,730
113
a
6909141.SQ.FTS.B
,
5
.379
%
,
2/08/35
....
19,068
535
a
6909057.SQ.FTS.B
,
6
.25
%
,
2/08/35
.....
655
441
a
6912801.SQ.FTS.B
,
4
.747
%
,
2/09/35
....
126
69
a
6913052.SQ.FTS.B
,
4
.942
%
,
2/09/35
....
2,970
2,168
a
6914678.SQ.FTS.B
,
5
.758
%
,
2/09/35
....
3,385
1,852
Description
Principal
Amount
Value
Block,
Inc.
(continued)
a
6916076.SQ.FTS.B
,
5
.566
%
,
2/10/35
....
$
1,523
$
719
a
6916173.SQ.FTS.B
,
5
.577
%
,
2/10/35
....
512
21
a
6920447.SQ.FTS.B
,
6
.006
%
,
2/11/35
....
24,973
757
a
6920966.SQ.FTS.B
,
4
.655
%
,
2/12/35
....
82
69
a
6923496.SQ.FTS.B
,
6
.258
%
,
2/15/35
....
10,947
7,016
a
6935049.SQ.FTS.B
,
4
.654
%
,
2/17/35
....
3,786
2,131
a
6934833.SQ.FTS.B
,
4
.938
%
,
2/17/35
....
4,744
303
a
6935755.SQ.FTS.B
,
5
.376
%
,
2/17/35
....
836
673
a
6934329.SQ.FTS.B
,
6
.258
%
,
2/17/35
....
12,367
344
a
6936990.SQ.FTS.B
,
4
.748
%
,
2/18/35
....
3,340
44
a
6940544.SQ.FTS.B
,
6
.01
%
,
2/18/35
.....
718
457
a
6937130.SQ.FTS.B
,
6
.132
%
,
2/18/35
....
500
291
a
6938552.SQ.FTS.B
,
6
.416
%
,
2/18/35
....
6,233
211
a
6941695.SQ.FTS.B
,
4
.735
%
,
2/19/35
....
154
74
a
6942251.SQ.FTS.B
,
4
.656
%
,
2/20/35
....
3,601
195
a
6946078.SQ.FTS.B
,
4
.937
%
,
2/21/35
....
2,047
1,148
a
6943720.SQ.FTS.B
,
5
.189
%
,
2/21/35
....
4,111
3,120
a
6946120.SQ.FTS.B
,
6
.164
%
,
2/21/35
....
10,031
161
a
6944161.SQ.FTS.B
,
6
.261
%
,
2/21/35
....
1,708
1,047
a
6962127.SQ.FTS.B
,
5
.57
%
,
2/25/35
.....
671
397
a
6962568.SQ.FTS.B
,
4
.657
%
,
2/26/35
....
756
645
a
6963512.SQ.FTS.B
,
5
.747
%
,
2/27/35
....
1,200
695
a
6964654.SQ.FTS.B
,
4
.735
%
,
2/28/35
....
663
10
a
6966531.SQ.FTS.B
,
4
.749
%
,
2/28/35
....
3,997
34
a
6978952.SQ.FTS.B
,
4
.937
%
,
2/28/35
....
51,491
2,025
a
6967741.SQ.FTS.B
,
5
.189
%
,
2/28/35
....
1,700
1,208
a
6968020.SQ.FTS.B
,
5
.197
%
,
2/28/35
....
564
423
a
6966362.SQ.FTS.B
,
5
.376
%
,
2/28/35
....
432
340
a
6969402.SQ.FTS.B
,
5
.444
%
,
2/28/35
....
1,764
1,105
a
6968103.SQ.FTS.B
,
5
.455
%
,
2/28/35
....
537
19
a
6966621.SQ.FTS.B
,
5
.569
%
,
2/28/35
....
1,752
151
a
6971755.SQ.FTS.B
,
5
.975
%
,
2/28/35
....
353
14
a
6970716.SQ.FTS.B
,
6
.005
%
,
2/28/35
....
3,821
2,262
a
6978456.SQ.FTS.B
,
6
.154
%
,
2/28/35
....
643
256
a
6966412.SQ.FTS.B
,
6
.167
%
,
2/28/35
....
2,449
129
a
6978418.SQ.FTS.B
,
6
.247
%
,
2/28/35
....
1,258
33
a
6966854.SQ.FTS.B
,
6
.26
%
,
2/28/35
.....
3,823
2,305
a
6969586.SQ.FTS.B
,
6
.264
%
,
2/28/35
....
111
81
a
6981964.SQ.FTS.B
,
5
.376
%
,
3/01/35
....
13,283
4,612
a
6981536.SQ.FTS.B
,
5
.563
%
,
3/01/35
....
1,992
1,391
23,683,056
Freedom
Financial
Asset
Management
LLC
APP-12029075.FP.FTS.B
,
15
.99
%
,
3/05/25
802
800
APP-10156554.FP.FTS.B
,
9
.49
%
,
3/08/25
.
924
924
APP-12139801.FP.FTS.B
,
9
.49
%
,
3/11/25
.
808
808
APP-11853561.FP.FTS.B
,
17
.99
%
,
3/18/25
1,740
1,067
APP-12413819.FP.FTS.B
,
16
.99
%
,
3/21/25
496
498
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
79
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-12106203.FP.FTS.B
,
9
.74
%
,
3/22/25
.
$
714
$
715
APP-12270743.FP.FTS.B
,
16
.49
%
,
3/22/25
395
397
APP-12381356.FP.FTS.B
,
9
.74
%
,
3/24/25
.
530
531
APP-12414413.FP.FTS.B
,
17
.99
%
,
3/25/25
1,254
1,264
APP-15099844.FP.FTS.B
,
19
.99
%
,
7/15/25
2,826
2,858
APP-15063599.FP.FTS.B
,
8
.24
%
,
7/23/25
.
3,998
4,020
APP-12210758.FP.FTS.B
,
22
.49
%
,
7/25/25
876
878
APP-17112174.FP.FTS.B
,
11
.74
%
,
8/12/25
2,816
2,830
APP-17041993.FP.FTS.B
,
13
.74
%
,
9/05/25
8,156
8,206
APP-17017611.FP.FTS.B
,
11
.99
%
,
9/06/25
9,341
9,383
APP-16692788.FP.FTS.B
,
10
.74
%
,
9/10/25
2,670
2,684
APP-16716169.FP.FTS.B
,
9
.49
%
,
9/14/25
.
3,478
3,498
APP-17284270.FP.FTS.B
,
13
.74
%
,
9/15/25
9,128
9,180
APP-16622583.FP.FTS.B
,
15
.99
%
,
9/16/25
3,253
3,298
APP-17495714.FP.FTS.B
,
11
.74
%
,
9/26/25
3,417
3,442
APP-10833798.FP.FTS.B
,
15
.99
%
,
10/18/25
4,769
4,885
APP-15077310.FP.FTS.B
,
25
.49
%
,
10/21/25
4,218
4,298
APP-11579289.FP.FTS.B
,
10
.99
%
,
12/05/25
3,419
3,448
APP-10861885.FP.FTS.B
,
15
.49
%
,
12/17/25
6,931
7,045
APP-11531737.FP.FTS.B
,
13
.99
%
,
12/22/25
3,933
3,989
APP-11442801.FP.FTS.B
,
16
.49
%
,
12/22/25
5,516
5,687
APP-10314724.FP.FTS.B
,
11
.74
%
,
1/08/26
1,290
1,292
APP-12165054.FP.FTS.B
,
10
.24
%
,
1/14/26
5,420
5,477
APP-12174416.FP.FTS.B
,
10
.24
%
,
1/22/26
5,916
5,996
APP-12171910.FP.FTS.B
,
12
.49
%
,
1/22/26
4,714
4,774
APP-12006366.FP.FTS.B
,
20
.99
%
,
1/22/26
3,301
3,430
APP-11687753.FP.FTS.B
,
13
.49
%
,
1/25/26
6,368
6,473
APP-12139578.FP.FTS.B
,
15
.24
%
,
2/24/26
3,609
3,658
APP-12050179.FP.FTS.B
,
16
.49
%
,
3/07/26
5,833
5,929
APP-12209184.FP.FTS.B
,
19
.49
%
,
3/11/26
637
637
APP-12287014.FP.FTS.B
,
16
.99
%
,
3/15/26
5,398
5,547
APP-12400371.FP.FTS.B
,
16
.99
%
,
3/16/26
3,232
3,268
APP-12431691.FP.FTS.B
,
9
.49
%
,
3/20/26
.
9,536
9,658
APP-12286988.FP.FTS.B
,
10
.99
%
,
3/21/26
14,693
14,875
APP-12443256.FP.FTS.B
,
16
.74
%
,
3/24/26
4,217
4,261
APP-12414591.FP.FTS.B
,
19
.49
%
,
3/24/26
3,221
3,333
APP-12414582.FP.FTS.B
,
18
.49
%
,
3/25/26
7,207
7,471
APP-12128364.FP.FTS.B
,
13
.24
%
,
5/08/26
7,893
792
APP-12199831.FP.FTS.B
,
16
.99
%
,
5/22/26
6,444
6,642
APP-15117837.FP.FTS.B
,
22
.24
%
,
7/15/26
7,236
7,568
APP-12343526.FP.FTS.B
,
16
.99
%
,
7/21/26
12,798
13,219
APP-14891119.FP.FTS.B
,
18
.74
%
,
7/24/26
22,530
23,342
APP-15053612.FP.FTS.B
,
13
.99
%
,
7/26/26
4,959
5,044
APP-15053337.FP.FTS.B
,
17
.99
%
,
7/26/26
5,400
5,630
APP-15004884.FP.FTS.B
,
15
.99
%
,
7/27/26
11,817
12,068
APP-15119191.FP.FTS.B
,
18
.49
%
,
7/28/26
2,247
867
APP-16690474.FP.FTS.B
,
9
.24
%
,
8/01/26
.
3,306
3,309
APP-16637564.FP.FTS.B
,
15
.99
%
,
9/03/26
4,019
4,083
APP-16719236.FP.FTS.B
,
10
.49
%
,
9/04/26
8,034
8,144
APP-10573456.FP.FTS.B
,
17
.49
%
,
9/10/26
5,246
5,347
APP-16630984.FP.FTS.B
,
14
.49
%
,
9/12/26
7,076
7,208
APP-17112604.FP.FTS.B
,
11
.74
%
,
9/15/26
11,427
11,579
APP-16335651.FP.FTS.B
,
14
.49
%
,
9/15/26
7,983
8,117
APP-17464221.FP.FTS.B
,
16
.74
%
,
9/15/26
6,539
6,748
APP-16710569.FP.FTS.B
,
15
.49
%
,
9/16/26
11,958
12,165
APP-10406165.FP.FTS.B
,
18
.99
%
,
9/20/26
6,435
6,597
APP-17279512.FP.FTS.B
,
16
.74
%
,
9/22/26
7,221
7,462
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-17112272.FP.FTS.B
,
14
.24
%
,
9/25/26
$
10,359
$
10,523
APP-16632934.FP.FTS.B
,
14
.49
%
,
10/15/26
6,759
6,782
APP-11021919.FP.FTS.B
,
17
.99
%
,
11/03/26
8,465
8,766
APP-16676602.FP.FTS.B
,
11
.24
%
,
11/05/26
5,040
5,062
APP-17032039.FP.FTS.B
,
10
.49
%
,
11/16/26
12,887
13,086
APP-11381442.FP.FTS.B
,
20
.49
%
,
11/26/26
11,990
12,511
APP-11579549.FP.FTS.B
,
13
.49
%
,
12/15/26
21,587
21,947
APP-11693245.FP.FTS.B
,
18
.49
%
,
12/18/26
10,208
10,704
APP-11719573.FP.FTS.B
,
19
.99
%
,
12/18/26
7,745
852
APP-11022370.FP.FTS.B
,
16
.49
%
,
12/20/26
4,882
4,969
APP-11733566.FP.FTS.B
,
19
.24
%
,
12/20/26
631
630
APP-11740523.FP.FTS.B
,
10
.99
%
,
12/21/26
11,036
11,213
APP-11730592.FP.FTS.B
,
17
.99
%
,
12/21/26
22,076
7,247
APP-11723942.FP.FTS.B
,
19
.49
%
,
12/21/26
25,198
26,296
APP-11401848.FP.FTS.B
,
15
.49
%
,
1/05/27
6,244
6,427
APP-12116526.FP.FTS.B
,
18
.99
%
,
1/05/27
7,460
7,680
APP-11410185.FP.FTS.B
,
22
.49
%
,
1/10/27
15,577
16,313
APP-11946615.FP.FTS.B
,
16
.49
%
,
1/11/27
10,725
10,931
APP-12139980.FP.FTS.B
,
19
.99
%
,
1/15/27
896
898
APP-12032875.FP.FTS.B
,
11
.24
%
,
1/16/27
11,751
11,950
APP-12073890.FP.FTS.B
,
10
.99
%
,
1/20/27
10,225
10,386
APP-11694985.FP.FTS.B
,
12
.99
%
,
1/21/27
6,623
6,744
APP-11798808.FP.FTS.B
,
10
.99
%
,
1/22/27
9,322
9,472
APP-12172519.FP.FTS.B
,
11
.24
%
,
1/22/27
7,007
7,120
APP-12154405.FP.FTS.B
,
14
.49
%
,
1/22/27
7,198
7,350
APP-12169743.FP.FTS.B
,
24
.24
%
,
1/22/27
16,080
16,915
APP-12186510.FP.FTS.B
,
9
.74
%
,
1/23/27
.
19,035
19,345
APP-11595106.FP.FTS.B
,
13
.49
%
,
1/26/27
6,608
6,735
APP-11579435.FP.FTS.B
,
15
.49
%
,
1/28/27
9,230
9,579
APP-11595260.FP.FTS.B
,
18
.99
%
,
1/30/27
3,183
3,233
APP-11705115.FP.FTS.B
,
21
.49
%
,
2/01/27
27,009
28,098
APP-11694211.FP.FTS.B
,
11
.99
%
,
2/04/27
24,398
24,907
APP-11724908.FP.FTS.B
,
12
.74
%
,
2/04/27
18,542
18,840
APP-11709701.FP.FTS.B
,
16
.49
%
,
2/04/27
7,319
7,457
APP-11725393.FP.FTS.B
,
17
.99
%
,
2/04/27
25,965
26,843
APP-11694359.FP.FTS.B
,
19
.99
%
,
2/04/27
2,252
2,263
APP-11660434.FP.FTS.B
,
20
.49
%
,
2/04/27
15,846
16,579
APP-11694079.FP.FTS.B
,
10
.99
%
,
2/05/27
10,288
10,449
APP-11722179.FP.FTS.B
,
11
.99
%
,
2/05/27
13,412
13,628
APP-11740935.FP.FTS.B
,
13
.99
%
,
2/05/27
28,420
2,772
APP-11742867.FP.FTS.B
,
23
.24
%
,
2/05/27
11,137
11,665
APP-12337990.FP.FTS.B
,
16
.49
%
,
2/07/27
4,134
4,204
APP-11738196.FP.FTS.B
,
21
.99
%
,
2/15/27
6,118
6,375
APP-12173162.FP.FTS.B
,
17
.49
%
,
2/21/27
7,934
8,181
APP-12107351.FP.FTS.B
,
16
.49
%
,
2/23/27
11,504
11,956
APP-12029572.FP.FTS.B
,
16
.99
%
,
2/24/27
4,225
4,285
APP-12050224.FP.FTS.B
,
11
.74
%
,
3/01/27
20,802
21,113
APP-12168636.FP.FTS.B
,
13
.24
%
,
3/01/27
10,063
10,230
APP-12208717.FP.FTS.B
,
21
.74
%
,
3/01/27
13,312
13,852
APP-12158633.FP.FTS.B
,
23
.24
%
,
3/02/27
11,346
11,834
APP-12005996.FP.FTS.B
,
15
.49
%
,
3/03/27
4,285
4,354
APP-12214905.FP.FTS.B
,
16
.49
%
,
3/05/27
5,688
5,792
APP-12050159.FP.FTS.B
,
13
.24
%
,
3/07/27
17,428
17,748
APP-12125835.FP.FTS.B
,
19
.99
%
,
3/07/27
2,069
2,071
APP-12140862.FP.FTS.B
,
8
.99
%
,
3/08/27
.
12,543
12,775
APP-12105970.FP.FTS.B
,
10
.99
%
,
3/08/27
11,047
11,228
APP-12155604.FP.FTS.B
,
11
.24
%
,
3/08/27
8,019
4,302
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
80
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-12097459.FP.FTS.B
,
13
.24
%
,
3/08/27
$
12,683
$
12,918
APP-12106008.FP.FTS.B
,
13
.49
%
,
3/08/27
8,001
8,150
APP-12432804.FP.FTS.B
,
13
.24
%
,
3/09/27
18,263
18,573
APP-11508449.FP.FTS.B
,
8
.49
%
,
3/10/27
.
14,566
14,790
APP-12216897.FP.FTS.B
,
10
.99
%
,
3/10/27
19,373
19,671
APP-12203395.FP.FTS.B
,
22
.49
%
,
3/10/27
6,315
6,587
APP-12199670.FP.FTS.B
,
10
.99
%
,
3/11/27
14,936
15,140
APP-12459441.FP.FTS.B
,
17
.49
%
,
3/11/27
8,923
9,205
APP-12210087.FP.FTS.B
,
18
.74
%
,
3/11/27
27,165
28,170
APP-12071137.FP.FTS.B
,
19
.99
%
,
3/11/27
15,038
15,651
APP-12460903.FP.FTS.B
,
10
.99
%
,
3/15/27
19,438
19,760
APP-12467297.FP.FTS.B
,
13
.24
%
,
3/15/27
15,671
15,968
APP-12379303.FP.FTS.B
,
13
.24
%
,
3/16/27
3,999
4,018
APP-11948900.FP.FTS.B
,
17
.74
%
,
3/18/27
20,654
21,282
APP-12418630.FP.FTS.B
,
17
.99
%
,
3/18/27
11,021
11,467
APP-12433361.FP.FTS.B
,
18
.49
%
,
3/18/27
10,097
10,578
APP-12461150.FP.FTS.B
,
18
.49
%
,
3/18/27
9,980
10,452
APP-12421799.FP.FTS.B
,
19
.74
%
,
3/18/27
11,589
11,882
APP-12463831.FP.FTS.B
,
19
.99
%
,
3/18/27
5,269
5,470
APP-11397497.FP.FTS.B
,
11
.99
%
,
3/19/27
12,063
12,287
APP-12357813.FP.FTS.B
,
10
.99
%
,
3/20/27
15,630
15,906
APP-12422648.FP.FTS.B
,
13
.24
%
,
3/20/27
11,660
11,894
APP-12380981.FP.FTS.B
,
13
.74
%
,
3/20/27
5,247
5,336
APP-12230901.FP.FTS.B
,
20
.24
%
,
3/20/27
27,398
28,591
APP-12424835.FP.FTS.B
,
23
.99
%
,
3/20/27
18,754
19,782
APP-12459776.FP.FTS.B
,
10
.99
%
,
3/21/27
16,512
16,808
APP-12287335.FP.FTS.B
,
13
.24
%
,
3/21/27
11,057
11,286
APP-12176796.FP.FTS.B
,
8
.99
%
,
3/22/27
.
13,351
13,570
APP-12345892.FP.FTS.B
,
13
.49
%
,
3/22/27
7,286
7,416
APP-12345261.FP.FTS.B
,
15
.49
%
,
3/22/27
12,753
13,216
APP-12270745.FP.FTS.B
,
17
.74
%
,
3/23/27
20,577
21,505
APP-12429877.FP.FTS.B
,
19
.74
%
,
3/23/27
17,141
17,882
APP-12468743.FP.FTS.B
,
18
.24
%
,
3/24/27
6,742
6,829
APP-12408200.FP.FTS.B
,
21
.74
%
,
3/24/27
2,492
2,506
APP-12468566.FP.FTS.B
,
19
.74
%
,
3/25/27
19,085
19,907
APP-11872544.FP.FTS.B
,
19
.99
%
,
3/25/27
7,473
7,857
APP-12105986.FP.FTS.B
,
10
.99
%
,
3/30/27
18,587
5,545
APP-12175594.FP.FTS.B
,
18
.99
%
,
4/01/27
7,998
8,247
APP-12408935.FP.FTS.B
,
19
.99
%
,
4/17/27
2,652
2,678
APP-12033253.FP.FTS.B
,
17
.99
%
,
4/24/27
8,133
8,537
APP-12133804.FP.FTS.B
,
10
.99
%
,
4/30/27
11,893
12,093
APP-11709913.FP.FTS.B
,
21
.49
%
,
4/30/27
32,865
34,302
APP-12164096.FP.FTS.B
,
21
.49
%
,
5/05/27
8,630
8,979
APP-12287686.FP.FTS.B
,
11
.24
%
,
5/20/27
12,853
13,117
APP-15016056.FP.FTS.B
,
19
.24
%
,
6/06/27
6,570
6,573
APP-12172482.FP.FTS.B
,
20
.49
%
,
6/06/27
19,515
20,320
APP-12443158.FP.FTS.B
,
17
.49
%
,
6/22/27
8,108
1,686
APP-15007182.FP.FTS.B
,
16
.99
%
,
7/11/27
6,743
6,880
APP-15105817.FP.FTS.B
,
11
.74
%
,
7/15/27
12,253
12,457
APP-15110260.FP.FTS.B
,
13
.99
%
,
7/15/27
18,267
18,602
APP-15113452.FP.FTS.B
,
18
.49
%
,
7/15/27
7,717
7,961
APP-15103060.FP.FTS.B
,
19
.99
%
,
7/15/27
9,588
9,917
APP-14544639.FP.FTS.B
,
11
.99
%
,
7/21/27
8,406
8,559
APP-16662334.FP.FTS.B
,
15
.24
%
,
7/26/27
15,350
15,644
APP-15066733.FP.FTS.B
,
18
.99
%
,
7/26/27
8,615
9,043
APP-15116487.FP.FTS.B
,
21
.49
%
,
7/28/27
10,735
11,288
APP-16465567.FP.FTS.B
,
15
.49
%
,
7/30/27
8,915
9,095
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-16640475.FP.FTS.B
,
12
.74
%
,
8/02/27
$
10,639
$
10,801
APP-16637899.FP.FTS.B
,
15
.49
%
,
8/02/27
11,610
11,804
APP-17319474.FP.FTS.B
,
16
.49
%
,
8/07/27
13,356
13,405
APP-12159801.FP.FTS.B
,
16
.99
%
,
8/15/27
16,638
17,234
APP-15119411.FP.FTS.B
,
9
.74
%
,
8/28/27
.
13,460
13,727
APP-15106325.FP.FTS.B
,
23
.24
%
,
8/28/27
4,579
4,646
APP-16632155.FP.FTS.B
,
11
.49
%
,
9/01/27
10,280
10,433
APP-16448250.FP.FTS.B
,
13
.49
%
,
9/01/27
4,196
4,264
APP-16676570.FP.FTS.B
,
15
.24
%
,
9/01/27
12,819
13,148
APP-16718578.FP.FTS.B
,
15
.74
%
,
9/02/27
6,747
6,849
APP-16852920.FP.FTS.B
,
10
.99
%
,
9/04/27
22,758
23,109
APP-16640455.FP.FTS.B
,
10
.99
%
,
9/05/27
13,191
13,397
APP-16335596.FP.FTS.B
,
10
.99
%
,
9/12/27
15,674
15,950
APP-15052242.FP.FTS.B
,
11
.74
%
,
9/13/27
29,729
30,434
APP-16664397.FP.FTS.B
,
12
.99
%
,
9/13/27
14,231
14,480
APP-17458875.FP.FTS.B
,
16
.49
%
,
9/13/27
3,082
3,131
APP-16687847.FP.FTS.B
,
9
.49
%
,
9/15/27
.
11,597
11,805
APP-17011228.FP.FTS.B
,
14
.74
%
,
9/15/27
30,874
31,506
APP-17027051.FP.FTS.B
,
14
.49
%
,
9/16/27
8,694
8,892
APP-16637461.FP.FTS.B
,
18
.49
%
,
9/20/27
12,043
12,306
APP-17010091.FP.FTS.B
,
15
.49
%
,
9/21/27
26,095
7,691
APP-17497296.FP.FTS.B
,
17
.74
%
,
9/23/27
8,377
8,648
APP-17082038.FP.FTS.B
,
12
.49
%
,
9/26/27
18,381
18,736
APP-17490395.FP.FTS.B
,
15
.24
%
,
9/26/27
20,358
20,794
APP-17115062.FP.FTS.B
,
17
.99
%
,
9/26/27
12,385
12,819
APP-17461708.FP.FTS.B
,
12
.49
%
,
9/27/27
18,988
19,359
APP-17504832.FP.FTS.B
,
13
.74
%
,
9/27/27
5,715
5,759
APP-17102136.FP.FTS.B
,
14
.24
%
,
9/27/27
31,123
31,731
APP-16627732.FP.FTS.B
,
12
.99
%
,
10/25/27
16,299
16,616
APP-16800634.FP.FTS.B
,
15
.99
%
,
10/28/27
31,845
32,511
APP-16677695.FP.FTS.B
,
12
.99
%
,
11/14/27
17,488
17,809
APP-15098807.FP.FTS.B
,
26
.99
%
,
11/28/27
9,846
1,131
APP-12287483.FP.FTS.B
,
12
.99
%
,
2/03/35
694
693
APP-11733782.FP.FTS.B
,
15
.74
%
,
2/03/35
165
164
2,123,725
LendingClub
Corp.
-
LCX
168296354.LC.FTS.B
,
13
.08
%
,
5/13/25
...
2,443
2,401
168006688.LC.FTS.B
,
8
.19
%
,
11/21/25
...
4,369
4,245
165032371.LC.FTS.B
,
Zero
Cpn
,
1/21/33
.
7,504
–
162966512.LC.FTS.B
,
11
.02
%
,
2/12/35
...
2,413
109
163292439.LC.FTS.B
,
8
.19
%
,
2/23/35
...
655
650
164067189.LC.FTS.B
,
13
.08
%
,
2/28/35
...
1,600
1,598
9,003
LendingClub
Corp.
-
LCX
PM
170055181.LC.FTS.B
,
16
.08
%
,
9/16/25
...
2,756
2,748
170786159.LC.FTS.B
,
14
.02
%
,
9/25/25
...
4,243
4,195
170812112.LC.FTS.B
,
14
.02
%
,
9/29/25
...
3,537
3,505
171032242.LC.FTS.B
,
19
.12
%
,
10/02/25
..
3,248
3,243
171461721.LC.FTS.B
,
16
.08
%
,
10/20/25
..
2,525
2,513
172156822.LC.FTS.B
,
14
.02
%
,
11/24/25
..
2,185
2,130
172665217.LC.FTS.B
,
15
.4
%
,
12/04/25
...
4,346
4,308
172752552.LC.FTS.B
,
16
.08
%
,
12/10/25
..
2,971
2,962
173203429.LC.FTS.B
,
15
.4
%
,
12/23/25
...
8,971
8,918
173295643.LC.FTS.B
,
19
.12
%
,
12/28/25
..
3,126
3,155
173301532.LC.FTS.B
,
17
.3
%
,
1/06/26
...
8,215
8,189
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
81
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
-
LCX
PM
(continued)
172611713.LC.FTS.B
,
19
.12
%
,
1/14/26
...
$
4,661
$
4,671
173821408.LC.FTS.B
,
21
.49
%
,
1/19/26
...
4,570
4,652
173896730.LC.FTS.B
,
23
.99
%
,
1/19/26
...
3,041
3,139
173933933.LC.FTS.B
,
13
.49
%
,
1/20/26
...
5,138
5,107
174045948.LC.FTS.B
,
17
.44
%
,
1/22/26
...
5,215
5,270
174087634.LC.FTS.B
,
23
.99
%
,
1/22/26
...
4,562
4,715
172757520.LC.FTS.B
,
19
.12
%
,
1/24/26
...
4,963
–
173956639.LC.FTS.B
,
18
.19
%
,
1/25/26
...
1,867
1,879
173841383.LC.FTS.B
,
21
.49
%
,
1/25/26
...
9,030
9,213
173813936.LC.FTS.B
,
19
.74
%
,
2/01/26
...
9,314
883
173496629.LC.FTS.B
,
16
.08
%
,
2/14/26
...
6,898
6,755
170941274.LC.FTS.B
,
16
.08
%
,
4/20/26
...
9,620
9,452
173580706.LC.FTS.B
,
17
.3
%
,
7/15/26
...
9,074
9,053
171023190.LC.FTS.B
,
10
.81
%
,
10/06/33
..
4,648
–
173826580.LC.FTS.B
,
16
.99
%
,
7/24/34
...
1,144
–
110,655
Prosper
Funding
LLC
1730775.PS.FTS.B
,
16
.3
%
,
3/03/25
.....
230
230
1716088.PS.FTS.B
,
17
.8
%
,
3/15/25
.....
356
356
1603033.PS.FTS.B
,
24
.6
%
,
5/07/25
.....
1,549
1,546
1673705.PS.FTS.B
,
16
%
,
6/16/25
.......
2,100
1,921
1683121.PS.FTS.B
,
16
.8
%
,
6/22/25
.....
2,656
2,306
1683602.PS.FTS.B
,
23
.4
%
,
7/05/25
.....
306
307
1683241.PS.FTS.B
,
22
.6
%
,
9/22/25
.....
892
–
1681405.PS.FTS.B
,
16
.9
%
,
10/12/25
....
6,779
1,040
1704390.PS.FTS.B
,
17
.8
%
,
10/19/25
....
664
31
1638183.PS.FTS.B
,
17
.71
%
,
10/26/25
...
2,863
2,838
1685272.PS.FTS.B
,
16
.7
%
,
11/28/25
....
1,483
–
1692336.PS.FTS.B
,
21
.8
%
,
11/28/25
....
3,528
3,545
1716226.PS.FTS.B
,
13
.9
%
,
12/14/25
....
4,397
302
1690361.PS.FTS.B
,
18
.5
%
,
12/18/25
....
1,409
1,407
1709591.PS.FTS.B
,
22
.6
%
,
1/16/26
.....
52
–
1592846.PS.FTS.B
,
15
.9
%
,
7/23/26
.....
3,098
3,103
1599440.PS.FTS.B
,
26
.4
%
,
8/05/26
.....
952
984
1600460.PS.FTS.B
,
15
.2
%
,
8/06/26
.....
6,027
5,991
1600466.PS.FTS.B
,
18
.73
%
,
8/06/26
....
6,329
6,290
1603759.PS.FTS.B
,
20
.59
%
,
8/06/26
....
4,326
4,379
1604551.PS.FTS.B
,
13
.74
%
,
8/09/26
....
7,642
7,584
1611384.PS.FTS.B
,
13
.88
%
,
8/09/26
....
3,943
3,910
1611387.PS.FTS.B
,
19
.33
%
,
8/09/26
....
3,828
3,881
1611390.PS.FTS.B
,
22
.8
%
,
8/09/26
.....
665
680
1611810.PS.FTS.B
,
13
%
,
8/10/26
.......
973
966
1606042.PS.FTS.B
,
14
.74
%
,
8/10/26
....
7,114
1,610
1611807.PS.FTS.B
,
19
.33
%
,
8/10/26
....
6,403
6,496
1612149.PS.FTS.B
,
20
.7
%
,
8/10/26
.....
2,599
2,636
1612140.PS.FTS.B
,
23
.74
%
,
8/10/26
....
2,929
2,969
1606183.PS.FTS.B
,
12
.6
%
,
8/11/26
.....
5,805
5,760
1603532.PS.FTS.B
,
20
.5
%
,
8/12/26
.....
4,591
4,663
1612131.PS.FTS.B
,
19
.48
%
,
8/15/26
....
3,215
3,261
1611322.PS.FTS.B
,
12
.5
%
,
8/19/26
.....
13,524
13,444
1618149.PS.FTS.B
,
13
.7
%
,
8/19/26
.....
4,326
4,300
1603750.PS.FTS.B
,
15
.9
%
,
8/20/26
.....
3,395
2,883
1611805.PS.FTS.B
,
16
.18
%
,
8/20/26
....
12,093
12,081
1602449.PS.FTS.B
,
25
%
,
8/21/26
.......
1,042
147
1615738.PS.FTS.B
,
13
.3
%
,
8/27/26
.....
1,564
1,557
1604576.PS.FTS.B
,
18
.3
%
,
8/28/26
.....
4,454
4,527
1615636.PS.FTS.B
,
12
.5
%
,
8/30/26
.....
6,381
1,470
Description
Principal
Amount
Value
Prosper
Funding
LLC
(continued)
1612853.PS.FTS.B
,
13
%
,
8/30/26
.......
$
16,298
$
16,438
1611798.PS.FTS.B
,
25
.74
%
,
9/01/26
....
5,040
5,225
1625300.PS.FTS.B
,
11
.79
%
,
9/23/26
....
2,802
2,785
1625246.PS.FTS.B
,
12
.5
%
,
9/23/26
.....
3,842
3,818
1626860.PS.FTS.B
,
15
%
,
9/27/26
.......
2,722
2,722
1631647.PS.FTS.B
,
12
.7
%
,
9/28/26
.....
6,205
6,182
1638105.PS.FTS.B
,
13
.4
%
,
9/28/26
.....
2,780
2,765
1628072.PS.FTS.B
,
14
.53
%
,
9/28/26
....
8,729
8,683
1627559.PS.FTS.B
,
14
.89
%
,
9/28/26
....
7,419
7,421
1639041.PS.FTS.B
,
11
.7
%
,
9/29/26
.....
6,266
6,225
1648282.PS.FTS.B
,
14
%
,
10/26/26
......
6,473
6,462
1648288.PS.FTS.B
,
14
.96
%
,
10/26/26
...
5,465
5,455
1645223.PS.FTS.B
,
10
.5
%
,
10/27/26
....
3,699
3,674
1645646.PS.FTS.B
,
10
.8
%
,
10/27/26
....
6,191
6,149
1648582.PS.FTS.B
,
10
.9
%
,
10/27/26
....
5,005
–
1648588.PS.FTS.B
,
14
.39
%
,
10/27/26
...
6,508
6,498
1648621.PS.FTS.B
,
15
.29
%
,
10/27/26
...
12,863
12,830
1646309.PS.FTS.B
,
9
.62
%
,
10/28/26
....
6,574
6,531
1646066.PS.FTS.B
,
16
.18
%
,
10/28/26
...
6,955
6,946
1646072.PS.FTS.B
,
28
.23
%
,
10/28/26
...
6,357
6,666
1647161.PS.FTS.B
,
10
.5
%
,
10/29/26
....
3,000
2,976
1657278.PS.FTS.B
,
10
.5
%
,
10/29/26
....
3,413
3,396
1646819.PS.FTS.B
,
11
.2
%
,
10/29/26
....
1,731
1,717
1650901.PS.FTS.B
,
11
.2
%
,
10/29/26
....
6,707
6,654
1650847.PS.FTS.B
,
13
.93
%
,
10/29/26
...
3,592
3,563
1489833.PS.FTS.B
,
16
.99
%
,
10/30/26
...
3,986
3,999
1649809.PS.FTS.B
,
11
.1
%
,
10/31/26
....
3,273
3,239
1656183.PS.FTS.B
,
14
.38
%
,
10/31/26
...
3,400
3,371
1649791.PS.FTS.B
,
15
.1
%
,
10/31/26
....
11,425
11,396
1655343.PS.FTS.B
,
16
.65
%
,
10/31/26
...
6,392
3,774
1649806.PS.FTS.B
,
12
.33
%
,
11/01/26
....
7,621
1,524
1648793.PS.FTS.B
,
26
.43
%
,
11/02/26
....
5,219
5,394
1650023.PS.FTS.B
,
14
.79
%
,
11/04/26
....
4,993
4,954
1654723.PS.FTS.B
,
18
.6
%
,
11/05/26
....
3,237
3,260
1651754.PS.FTS.B
,
10
.5
%
,
11/08/26
....
8,570
8,464
1658080.PS.FTS.B
,
14
.63
%
,
11/08/26
....
6,795
6,731
1652300.PS.FTS.B
,
21
.18
%
,
11/08/26
....
6,938
7,032
1666449.PS.FTS.B
,
14
.6
%
,
11/09/26
....
5,207
5,160
1658839.PS.FTS.B
,
14
.68
%
,
11/09/26
....
6,799
6,715
1658842.PS.FTS.B
,
17
%
,
11/09/26
......
5,850
5,930
1659079.PS.FTS.B
,
19
%
,
11/09/26
......
2,873
2,911
1654735.PS.FTS.B
,
18
.25
%
,
11/10/26
....
11,952
12,091
1660333.PS.FTS.B
,
21
.18
%
,
11/10/26
....
1,956
1,986
1667997.PS.FTS.B
,
11
.79
%
,
11/12/26
....
3,925
3,880
1667757.PS.FTS.B
,
18
.25
%
,
11/12/26
....
6,166
6,258
1661914.PS.FTS.B
,
13
.5
%
,
11/15/26
....
11,157
11,081
1661875.PS.FTS.B
,
18
.33
%
,
11/15/26
....
7,122
7,239
1661797.PS.FTS.B
,
21
%
,
11/15/26
......
1,020
1,060
1658339.PS.FTS.B
,
16
%
,
11/17/26
......
3,855
941
1664327.PS.FTS.B
,
13
.5
%
,
11/30/26
....
1,923
1,947
1687146.PS.FTS.B
,
11
.43
%
,
12/16/26
....
5,422
5,356
1687128.PS.FTS.B
,
12
.3
%
,
12/16/26
....
4,571
4,515
1687125.PS.FTS.B
,
13
.4
%
,
12/16/26
....
4,637
4,580
1680241.PS.FTS.B
,
14
.38
%
,
12/16/26
...
11,737
11,592
1674101.PS.FTS.B
,
14
.53
%
,
12/16/26
...
8,314
8,224
1680301.PS.FTS.B
,
18
.5
%
,
12/16/26
....
2,471
2,512
1653086.PS.FTS.B
,
18
.2
%
,
12/18/26
....
6,391
6,467
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
82
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Prosper
Funding
LLC
(continued)
1675265.PS.FTS.B
,
10
.5
%
,
12/20/26
....
$
10,262
$
10,148
1688964.PS.FTS.B
,
13
.93
%
,
12/21/26
...
7,003
6,925
1689036.PS.FTS.B
,
14
.6
%
,
12/21/26
....
9,451
9,392
1676534.PS.FTS.B
,
15
.29
%
,
12/21/26
...
6,747
6,704
1676819.PS.FTS.B
,
14
.68
%
,
12/22/26
...
15,085
14,918
1677269.PS.FTS.B
,
25
.9
%
,
12/22/26
....
3,405
3,546
1690638.PS.FTS.B
,
11
.1
%
,
12/23/26
....
434
432
1680116.PS.FTS.B
,
14
%
,
12/29/26
......
13,090
13,038
1688076.PS.FTS.B
,
16
.4
%
,
12/31/26
....
6,732
6,690
1690116.PS.FTS.B
,
23
.11
%
,
12/31/26
....
8,185
8,550
1686735.PS.FTS.B
,
25
.27
%
,
12/31/26
...
8,413
8,772
1694608.PS.FTS.B
,
10
.62
%
,
1/13/27
....
4,371
4,315
1694572.PS.FTS.B
,
11
.6
%
,
1/13/27
.....
10,249
10,103
1688996.PS.FTS.B
,
11
.79
%
,
1/13/27
....
11,546
11,400
1694605.PS.FTS.B
,
15
.2
%
,
1/13/27
.....
1,033
1,024
1701375.PS.FTS.B
,
21
.69
%
,
1/13/27
....
5,270
5,478
1702152.PS.FTS.B
,
12
.87
%
,
1/14/27
....
2,867
2,826
1702137.PS.FTS.B
,
16
.2
%
,
1/14/27
.....
3,277
3,244
1702161.PS.FTS.B
,
18
.13
%
,
1/14/27
....
2,037
2,020
1689329.PS.FTS.B
,
18
.4
%
,
1/14/27
.....
5,007
5,091
1688534.PS.FTS.B
,
12
.9
%
,
1/16/27
.....
11,976
11,804
1704984.PS.FTS.B
,
10
.29
%
,
1/19/27
....
6,009
5,941
1692188.PS.FTS.B
,
11
.2
%
,
1/19/27
.....
11,604
11,473
1689365.PS.FTS.B
,
15
.8
%
,
1/19/27
.....
9,934
9,832
1692593.PS.FTS.B
,
10
.5
%
,
1/20/27
.....
9,293
9,176
1698709.PS.FTS.B
,
15
.2
%
,
1/20/27
.....
7,377
7,333
1674146.PS.FTS.B
,
18
.78
%
,
1/20/27
....
5,345
5,425
1692281.PS.FTS.B
,
16
.5
%
,
1/24/27
.....
18,313
15,460
1701387.PS.FTS.B
,
11
.1
%
,
1/27/27
.....
4,282
236
1695031.PS.FTS.B
,
15
.5
%
,
1/27/27
.....
5,001
4,949
1708451.PS.FTS.B
,
10
.26
%
,
2/15/27
....
2,887
2,851
1721439.PS.FTS.B
,
12
%
,
2/15/27
.......
1,469
1,450
1708901.PS.FTS.B
,
18
.33
%
,
2/15/27
....
10,551
10,733
1720974.PS.FTS.B
,
18
.4
%
,
2/15/27
.....
10,359
10,517
1708466.PS.FTS.B
,
18
.6
%
,
2/15/27
.....
3,439
3,499
1721007.PS.FTS.B
,
22
%
,
2/15/27
.......
8,510
1,229
1709507.PS.FTS.B
,
13
.5
%
,
2/16/27
.....
3,989
3,957
1709498.PS.FTS.B
,
25
.9
%
,
2/16/27
.....
5,716
5,953
1611804.PS.FTS.B
,
18
%
,
2/22/27
.......
15,039
721
1719415.PS.FTS.B
,
10
.8
%
,
2/23/27
.....
5,740
5,675
1715149.PS.FTS.B
,
12
.62
%
,
2/27/27
....
12,416
12,233
1722171.PS.FTS.B
,
18
.78
%
,
2/28/27
....
4,171
4,236
1722801.PS.FTS.B
,
23
.31
%
,
2/28/27
....
2,682
2,796
1739157.PS.FTS.B
,
11
.5
%
,
3/18/27
.....
20,227
19,899
1749006.PS.FTS.B
,
19
.53
%
,
3/31/27
....
6,277
6,385
1749429.PS.FTS.B
,
25
.9
%
,
4/01/27
.....
3,655
3,817
1629628.PS.FTS.B
,
14
.31
%
,
7/02/27
....
6,074
6,025
1626833.PS.FTS.B
,
14
.7
%
,
7/25/27
.....
8,523
4,200
1654196.PS.FTS.B
,
11
.6
%
,
9/03/27
.....
13,512
6,918
1650307.PS.FTS.B
,
10
.08
%
,
9/29/27
....
7,288
7,083
1708907.PS.FTS.B
,
18
.13
%
,
11/20/27
....
10,710
4,882
1682455.PS.FTS.B
,
11
.43
%
,
11/21/27
....
20,917
16,979
1630396.PS.FTS.B
,
16
.43
%
,
9/27/34
....
2,361
901
1649488.PS.FTS.B
,
11
.7
%
,
10/28/34
....
361
20
1659220.PS.FTS.B
,
16
.6
%
,
11/09/34
....
1,493
264
1658144.PS.FTS.B
,
14
.49
%
,
11/17/34
....
5,948
–
1689882.PS.FTS.B
,
15
.29
%
,
12/22/34
...
16
16
1689870.PS.FTS.B
,
18
.09
%
,
12/22/34
...
45
22
Description
Principal
Amount
Value
Prosper
Funding
LLC
(continued)
1689359.PS.FTS.B
,
12
.3
%
,
1/14/35
.....
$
166
$
166
1689368.PS.FTS.B
,
16
.2
%
,
1/14/35
.....
685
–
1695364.PS.FTS.B
,
16
.8
%
,
1/14/35
.....
75
52
1695982.PS.FTS.B
,
25
.4
%
,
1/14/35
.....
49
34
1702809.PS.FTS.B
,
14
.89
%
,
1/31/35
....
917
919
1695688.PS.FTS.B
,
13
.96
%
,
2/07/35
....
1,375
225
1706807.PS.FTS.B
,
17
.8
%
,
2/11/35
.....
138
139
1715170.PS.FTS.B
,
10
.8
%
,
2/15/35
.....
96
96
1708031.PS.FTS.B
,
12
.9
%
,
2/15/35
.....
252
253
1708067.PS.FTS.B
,
13
%
,
2/15/35
.......
328
329
1721421.PS.FTS.B
,
16
.3
%
,
2/20/35
.....
754
757
1709597.PS.FTS.B
,
18
.5
%
,
2/20/35
.....
225
226
1708070.PS.FTS.B
,
14
.2
%
,
2/21/35
.....
292
294
1708871.PS.FTS.B
,
14
.49
%
,
2/22/35
....
697
675
1684772.PS.FTS.B
,
24
.4
%
,
2/22/35
.....
341
343
1712954.PS.FTS.B
,
12
.4
%
,
2/26/35
.....
134
134
1708484.PS.FTS.B
,
22
.6
%
,
2/28/35
.....
355
358
1723593.PS.FTS.B
,
22
.6
%
,
2/28/35
.....
1,128
1,134
802,405
Upgrade,
Inc.
24468287.UG.FTS.B
,
29
.69
%
,
11/26/29
..
17,864
–
24606347.UG.FTS.B
,
30
.17
%
,
12/03/29
..
6,882
491
24618663.UG.FTS.B
,
Zero
Cpn
,
12/21/29
.
4,541
348
25595802.UG.FTS.B
,
28
.99
%
,
1/22/30
...
7,805
8,236
9,075
Upgrade,
Inc.
-
Card
991666036.UG.FTS.B
,
29
.49
%
,
1/21/25
..
66
67
991547565.UG.FTS.B
,
28
.98
%
,
3/16/25
..
14
14
991544408.UG.FTS.B
,
28
.98
%
,
3/17/25
..
10
9
991672498.UG.FTS.B
,
23
.95
%
,
3/19/25
..
5
5
991587154.UG.FTS.B
,
29
.49
%
,
4/16/25
..
48
7
991721350.UG.FTS.B
,
29
.49
%
,
4/16/25
..
765
53
991554451.UG.FTS.B
,
29
.46
%
,
4/17/25
..
165
148
991761552.UG.FTS.B
,
28
.98
%
,
4/18/25
..
16
14
991718290.UG.FTS.B
,
29
.49
%
,
4/19/25
..
13
13
991811950.UG.FTS.B
,
19
.99
%
,
4/20/25
..
28
5
991639253.UG.FTS.B
,
19
.99
%
,
4/22/25
..
1
1
991697266.UG.FTS.B
,
21
.46
%
,
4/22/25
..
41
41
991638710.UG.FTS.B
,
28
.98
%
,
4/23/25
..
27
28
991688671.UG.FTS.B
,
28
.98
%
,
4/23/25
..
24
24
991832099.UG.FTS.B
,
29
.49
%
,
4/23/25
..
22
2
991623357.UG.FTS.B
,
28
.98
%
,
4/24/25
..
24
22
991838313.UG.FTS.B
,
15
.97
%
,
4/25/25
..
134
135
991724571.UG.FTS.B
,
28
.98
%
,
5/05/25
..
33
34
991732989.UG.FTS.B
,
28
.98
%
,
5/05/25
..
59
3
991813874.UG.FTS.B
,
28
.98
%
,
5/05/25
..
33
34
991941061.UG.FTS.B
,
17
.99
%
,
5/06/25
..
97
99
991801256.UG.FTS.B
,
20
.46
%
,
5/06/25
..
61
9
991829259.UG.FTS.B
,
20
.46
%
,
5/06/25
..
26
4
991691439.UG.FTS.B
,
28
.98
%
,
5/06/25
..
190
191
991718999.UG.FTS.B
,
28
.98
%
,
5/06/25
..
2
2
991912584.UG.FTS.B
,
28
.98
%
,
5/06/25
..
121
20
991757332.UG.FTS.B
,
29
.49
%
,
5/06/25
..
37
3
991734975.UG.FTS.B
,
29
.49
%
,
5/07/25
..
16
15
991843151.UG.FTS.B
,
29
.49
%
,
5/07/25
..
150
135
991550463.UG.FTS.B
,
19
.99
%
,
5/17/25
..
219
223
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
83
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991740124.UG.FTS.B
,
28
.98
%
,
5/17/25
..
$
28
$
28
991674428.UG.FTS.B
,
29
.49
%
,
5/20/25
..
178
182
991655876.UG.FTS.B
,
28
.48
%
,
5/21/25
..
54
50
991776695.UG.FTS.B
,
29
.49
%
,
5/21/25
..
78
5
991770465.UG.FTS.B
,
29
.49
%
,
5/24/25
..
5
5
991805657.UG.FTS.B
,
29
.49
%
,
6/03/25
..
96
98
991772904.UG.FTS.B
,
19
.99
%
,
6/05/25
..
24
24
991705736.UG.FTS.B
,
28
.98
%
,
6/05/25
..
56
9
991708239.UG.FTS.B
,
28
.98
%
,
6/05/25
..
42
43
991736771.UG.FTS.B
,
28
.98
%
,
6/05/25
..
64
26
991778724.UG.FTS.B
,
29
.49
%
,
6/07/25
..
29
2
991738330.UG.FTS.B
,
29
.49
%
,
6/21/25
..
19
17
991694848.UG.FTS.B
,
29
.49
%
,
7/05/25
..
230
233
991718934.UG.FTS.B
,
20
.97
%
,
7/06/25
..
66
67
991894974.UG.FTS.B
,
29
.49
%
,
7/06/25
..
170
172
991588111.UG.FTS.B
,
28
.98
%
,
7/17/25
..
30
31
991762816.UG.FTS.B
,
29
.49
%
,
7/20/25
..
41
35
991666265.UG.FTS.B
,
16
.99
%
,
8/01/25
..
127
114
991922928.UG.FTS.B
,
28
.98
%
,
8/04/25
..
44
45
991707574.UG.FTS.B
,
29
.49
%
,
8/07/25
..
28
26
991749787.UG.FTS.B
,
29
.49
%
,
8/19/25
..
108
91
991688747.UG.FTS.B
,
28
.98
%
,
9/16/25
..
32
33
991656357.UG.FTS.B
,
29
.49
%
,
9/17/25
..
139
143
991628863.UG.FTS.B
,
28
.98
%
,
9/21/25
..
312
21
991645022.UG.FTS.B
,
29
.49
%
,
9/21/25
..
43
37
991609616.UG.FTS.B
,
28
.98
%
,
9/24/25
..
118
120
991596886.UG.FTS.B
,
29
.49
%
,
9/24/25
..
84
87
991883200.UG.FTS.B
,
29
.49
%
,
10/07/25
.
170
147
991588559.UG.FTS.B
,
29
.46
%
,
10/17/25
.
23
20
991657177.UG.FTS.B
,
28
.98
%
,
11/17/25
.
1,479
101
991687274.UG.FTS.B
,
19
.99
%
,
11/23/25
.
121
126
991543638.UG.FTS.B
,
29
.49
%
,
12/15/25
.
78
11
991730761.UG.FTS.B
,
28
.98
%
,
12/24/25
.
83
87
991702178.UG.FTS.B
,
28
.98
%
,
1/06/26
..
67
52
991728473.UG.FTS.B
,
29
.49
%
,
1/06/26
..
651
537
991933771.UG.FTS.B
,
29
.49
%
,
1/06/26
..
157
45
991579043.UG.FTS.B
,
19
.99
%
,
1/17/26
..
1,407
1,435
991555378.UG.FTS.B
,
29
.49
%
,
1/17/26
..
92
12
991699882.UG.FTS.B
,
19
.99
%
,
1/18/26
..
66
53
991758368.UG.FTS.B
,
29
.49
%
,
1/20/26
..
176
142
991742865.UG.FTS.B
,
29
.49
%
,
1/21/26
..
331
345
991640216.UG.FTS.B
,
29
.49
%
,
1/22/26
..
250
260
991659287.UG.FTS.B
,
29
.49
%
,
1/24/26
..
125
7
991667408.UG.FTS.B
,
17
.97
%
,
2/02/26
..
105
13
991579317.UG.FTS.B
,
29
.49
%
,
2/16/26
..
87
90
991647827.UG.FTS.B
,
29
.49
%
,
2/23/26
..
82
86
991754815.UG.FTS.B
,
29
.49
%
,
2/24/26
..
66
70
991693967.UG.FTS.B
,
19
.99
%
,
3/05/26
..
146
114
991695320.UG.FTS.B
,
29
.49
%
,
3/05/26
..
71
20
991771961.UG.FTS.B
,
29
.49
%
,
3/07/26
..
92
74
991545568.UG.FTS.B
,
29
.49
%
,
3/16/26
..
746
608
991755928.UG.FTS.B
,
29
.49
%
,
4/06/26
..
18
18
991726248.UG.FTS.B
,
21
.46
%
,
4/08/26
..
85
87
991585964.UG.FTS.B
,
28
.98
%
,
5/22/26
..
351
278
991727635.UG.FTS.B
,
28
.98
%
,
7/07/26
..
173
130
991601320.UG.FTS.B
,
28
.98
%
,
7/17/26
..
535
399
991783713.UG.FTS.B
,
29
.49
%
,
9/05/26
..
376
87
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991573331.UG.FTS.B
,
29
.49
%
,
9/17/26
..
$
94
$
97
991693097.UG.FTS.B
,
26
.94
%
,
9/20/26
..
317
235
991658250.UG.FTS.B
,
16
.99
%
,
1/20/27
..
432
437
991721939.UG.FTS.B
,
16
.99
%
,
2/02/27
..
734
767
991894965.UG.FTS.B
,
16
.99
%
,
2/03/27
..
3,107
3,236
991664785.UG.FTS.B
,
18
.98
%
,
5/26/27
..
196
125
991663324.UG.FTS.B
,
22
.36
%
,
5/29/27
..
80
83
991571658.UG.FTS.B
,
28
.98
%
,
6/15/27
..
145
101
991716805.UG.FTS.B
,
22
.97
%
,
7/08/27
..
365
245
991646401.UG.FTS.B
,
29
.49
%
,
1/20/28
..
23
24
991759963.UG.FTS.B
,
29
.49
%
,
3/18/28
..
1
1
991735384.UG.FTS.B
,
29
.49
%
,
6/06/28
..
360
373
991678457.UG.FTS.B
,
19
.99
%
,
10/30/28
.
478
497
991757545.UG.FTS.B
,
28
.98
%
,
12/06/28
.
191
112
991719643.UG.FTS.B
,
29
.49
%
,
3/22/29
..
150
95
991946691.UG.FTS.B
,
14
.98
%
,
7/08/29
..
4
4
991922854.UG.FTS.B
,
21
.46
%
,
9/07/29
..
6
–
991541397.UG.FTS.B
,
27
.95
%
,
1/15/30
..
34
2
991536394.UG.FTS.B
,
28
.98
%
,
1/15/30
..
4,143
292
991643598.UG.FTS.B
,
28
.98
%
,
1/15/30
..
7
3
991767247.UG.FTS.B
,
29
.47
%
,
1/16/30
..
143
10
991773161.UG.FTS.B
,
29
.49
%
,
1/16/30
..
22
22
991613122.UG.FTS.B
,
19
.99
%
,
1/17/30
..
79
6
991666023.UG.FTS.B
,
19
.99
%
,
1/17/30
..
32
2
991559055.UG.FTS.B
,
28
.98
%
,
1/17/30
..
706
–
991604665.UG.FTS.B
,
28
.98
%
,
1/17/30
..
28
–
991665002.UG.FTS.B
,
28
.98
%
,
1/17/30
..
2
2
991749201.UG.FTS.B
,
29
.45
%
,
1/17/30
..
25
25
991649368.UG.FTS.B
,
29
.46
%
,
1/17/30
..
6
–
991584440.UG.FTS.B
,
29
.47
%
,
1/17/30
..
28
–
991658968.UG.FTS.B
,
29
.47
%
,
1/17/30
..
9
1
991544749.UG.FTS.B
,
29
.49
%
,
1/17/30
..
172
12
991546174.UG.FTS.B
,
29
.49
%
,
1/17/30
..
1
1
991547049.UG.FTS.B
,
29
.49
%
,
1/17/30
..
3
3
991587677.UG.FTS.B
,
29
.49
%
,
1/17/30
..
554
580
991591834.UG.FTS.B
,
29
.49
%
,
1/17/30
..
8
8
991617793.UG.FTS.B
,
29
.49
%
,
1/17/30
..
7
7
991745338.UG.FTS.B
,
29
.49
%
,
1/17/30
..
10
2
991766938.UG.FTS.B
,
29
.49
%
,
1/17/30
..
29
2
991772908.UG.FTS.B
,
29
.49
%
,
1/17/30
..
156
11
991705300.UG.FTS.B
,
28
.98
%
,
1/18/30
..
39
39
991706808.UG.FTS.B
,
28
.98
%
,
1/18/30
..
25
25
991741010.UG.FTS.B
,
29
.49
%
,
1/18/30
..
10
10
991718040.UG.FTS.B
,
18
.97
%
,
1/19/30
..
1
1
991779420.UG.FTS.B
,
29
.49
%
,
1/19/30
..
30
2
991792431.UG.FTS.B
,
29
.49
%
,
1/19/30
..
96
6
991673294.UG.FTS.B
,
14
.98
%
,
1/20/30
..
285
287
991651099.UG.FTS.B
,
29
.49
%
,
1/20/30
..
6
1
991670618.UG.FTS.B
,
29
.49
%
,
1/20/30
..
6
6
991746840.UG.FTS.B
,
17
.99
%
,
1/21/30
..
2
2
991722377.UG.FTS.B
,
20
.46
%
,
1/21/30
..
2
2
991631506.UG.FTS.B
,
21
.46
%
,
1/21/30
..
49
1
991578656.UG.FTS.B
,
28
.98
%
,
1/21/30
..
19
3
991789906.UG.FTS.B
,
28
.98
%
,
1/21/30
..
2
2
991637080.UG.FTS.B
,
29
.49
%
,
1/21/30
..
11
2
991810011.UG.FTS.B
,
19
.99
%
,
1/22/30
..
116
2
991643275.UG.FTS.B
,
22
.97
%
,
1/22/30
..
1
1
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
84
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991684431.UG.FTS.B
,
28
.98
%
,
1/22/30
..
$
13
$
13
991625116.UG.FTS.B
,
29
.49
%
,
1/22/30
..
54
55
991642788.UG.FTS.B
,
29
.49
%
,
1/22/30
..
21
–
991727305.UG.FTS.B
,
29
.49
%
,
1/22/30
..
1
1
991789248.UG.FTS.B
,
29
.49
%
,
1/22/30
..
9
9
991789795.UG.FTS.B
,
29
.49
%
,
1/22/30
..
62
–
991819908.UG.FTS.B
,
29
.49
%
,
1/22/30
..
52
4
991691649.UG.FTS.B
,
20
.97
%
,
1/23/30
..
51
9
991804080.UG.FTS.B
,
28
.98
%
,
1/23/30
..
7
–
991606181.UG.FTS.B
,
29
.49
%
,
1/23/30
..
37
3
991637756.UG.FTS.B
,
29
.49
%
,
1/23/30
..
159
24
991638709.UG.FTS.B
,
29
.49
%
,
1/23/30
..
1
1
991640808.UG.FTS.B
,
29
.49
%
,
1/23/30
..
1
–
991668328.UG.FTS.B
,
29
.49
%
,
1/23/30
..
21
4
991674552.UG.FTS.B
,
29
.49
%
,
1/23/30
..
10
11
991682957.UG.FTS.B
,
29
.49
%
,
1/23/30
..
208
–
991820442.UG.FTS.B
,
29
.49
%
,
1/23/30
..
26
–
991606626.UG.FTS.B
,
19
.99
%
,
1/24/30
..
13
3
991610646.UG.FTS.B
,
19
.99
%
,
1/24/30
..
37
3
991742004.UG.FTS.B
,
19
.99
%
,
1/24/30
..
2
–
991603572.UG.FTS.B
,
28
.98
%
,
1/24/30
..
44
45
991645498.UG.FTS.B
,
28
.98
%
,
1/24/30
..
33
33
991684799.UG.FTS.B
,
28
.98
%
,
1/24/30
..
7
7
991772279.UG.FTS.B
,
28
.98
%
,
1/24/30
..
25
25
991668359.UG.FTS.B
,
29
.49
%
,
1/24/30
..
84
1
991683132.UG.FTS.B
,
29
.49
%
,
1/24/30
..
63
63
991689965.UG.FTS.B
,
29
.49
%
,
1/24/30
..
1
1
991709075.UG.FTS.B
,
29
.49
%
,
1/24/30
..
22
2
991720299.UG.FTS.B
,
29
.49
%
,
1/24/30
..
11
11
991800530.UG.FTS.B
,
15
.97
%
,
1/25/30
..
76
5
991620571.UG.FTS.B
,
22
.97
%
,
1/27/30
..
23
23
991685973.UG.FTS.B
,
14
.98
%
,
1/28/30
..
263
18
991662857.UG.FTS.B
,
16
.99
%
,
1/28/30
..
8
9
991682270.UG.FTS.B
,
17
.99
%
,
1/28/30
..
1
1
991704534.UG.FTS.B
,
16
.99
%
,
1/29/30
..
119
10
991663410.UG.FTS.B
,
19
.8
%
,
1/30/30
...
5
5
991718191.UG.FTS.B
,
14
.98
%
,
1/31/30
..
15
15
991815664.UG.FTS.B
,
15
.97
%
,
1/31/30
..
22
22
991648537.UG.FTS.B
,
20
.97
%
,
1/31/30
..
5
5
991661887.UG.FTS.B
,
20
.97
%
,
1/31/30
..
6
6
991693835.UG.FTS.B
,
21
.46
%
,
1/31/30
..
67
18
991693291.UG.FTS.B
,
14
%
,
2/02/30
.....
7
7
991771266.UG.FTS.B
,
14
%
,
2/02/30
.....
7
7
991834440.UG.FTS.B
,
14
%
,
2/02/30
.....
1
1
991658184.UG.FTS.B
,
15
%
,
2/02/30
.....
172
172
991760625.UG.FTS.B
,
15
.97
%
,
2/02/30
..
7
7
991781369.UG.FTS.B
,
16
.99
%
,
2/02/30
..
33
33
991689544.UG.FTS.B
,
17
.97
%
,
2/02/30
..
5
5
991731323.UG.FTS.B
,
17
.99
%
,
2/02/30
..
4
4
991880297.UG.FTS.B
,
17
.99
%
,
2/02/30
..
16
16
991878726.UG.FTS.B
,
14
.98
%
,
2/03/30
..
14
14
991907914.UG.FTS.B
,
17
.99
%
,
2/03/30
..
6
6
991689885.UG.FTS.B
,
19
.99
%
,
2/03/30
..
15
15
991688155.UG.FTS.B
,
28
.98
%
,
2/03/30
..
7
7
991699673.UG.FTS.B
,
28
.98
%
,
2/03/30
..
10
10
991713626.UG.FTS.B
,
28
.98
%
,
2/03/30
..
10
10
991777700.UG.FTS.B
,
28
.98
%
,
2/03/30
..
34
34
991882827.UG.FTS.B
,
28
.98
%
,
2/03/30
..
10
10
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991910619.UG.FTS.B
,
28
.98
%
,
2/03/30
..
$
13
$
13
991722488.UG.FTS.B
,
29
.49
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,
2/03/30
..
5
5
991747483.UG.FTS.B
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,
2/03/30
..
11
11
991756506.UG.FTS.B
,
29
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,
2/03/30
..
7
7
991770245.UG.FTS.B
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29
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,
2/03/30
..
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991917239.UG.FTS.B
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,
2/03/30
..
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13
991871765.UG.FTS.B
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,
2/04/30
..
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991700340.UG.FTS.B
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,
2/04/30
..
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991741062.UG.FTS.B
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,
2/04/30
..
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9
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2/04/30
...
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,
2/04/30
..
7
7
991700907.UG.FTS.B
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28
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,
2/04/30
..
9
9
991714934.UG.FTS.B
,
28
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,
2/04/30
..
6
6
991786787.UG.FTS.B
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,
2/04/30
..
8
8
991824710.UG.FTS.B
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,
2/04/30
..
31
31
991911859.UG.FTS.B
,
28
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,
2/04/30
..
4
4
991926669.UG.FTS.B
,
28
.98
%
,
2/04/30
..
2
2
991686783.UG.FTS.B
,
29
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%
,
2/04/30
..
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–
991687371.UG.FTS.B
,
29
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%
,
2/04/30
..
7
7
991694653.UG.FTS.B
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,
2/04/30
..
31
31
991707526.UG.FTS.B
,
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..
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,
2/04/30
..
12
12
991737055.UG.FTS.B
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,
2/04/30
..
191
13
991758842.UG.FTS.B
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,
2/04/30
..
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15
991867247.UG.FTS.B
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,
2/04/30
..
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2
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,
2/04/30
..
31
4
991861184.UG.FTS.B
,
19
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%
,
2/05/30
..
8
8
991682958.UG.FTS.B
,
19
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%
,
2/05/30
..
2
2
991710161.UG.FTS.B
,
19
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%
,
2/05/30
..
1
1
991725525.UG.FTS.B
,
19
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%
,
2/05/30
..
5
5
991735635.UG.FTS.B
,
19
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%
,
2/05/30
..
3
3
991832671.UG.FTS.B
,
19
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%
,
2/05/30
..
10
10
991915152.UG.FTS.B
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%
,
2/05/30
..
1
1
991841527.UG.FTS.B
,
20
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%
,
2/05/30
..
21
21
991707903.UG.FTS.B
,
20
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%
,
2/05/30
..
2
–
991715412.UG.FTS.B
,
20
.97
%
,
2/05/30
..
12
12
991840414.UG.FTS.B
,
21
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%
,
2/05/30
..
18
18
991869250.UG.FTS.B
,
21
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%
,
2/05/30
..
63
63
991910043.UG.FTS.B
,
21
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,
2/05/30
..
57
57
991743501.UG.FTS.B
,
22
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%
,
2/05/30
..
16
16
991717022.UG.FTS.B
,
27
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%
,
2/05/30
..
39
2
991700269.UG.FTS.B
,
28
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,
2/05/30
..
11
6
991706343.UG.FTS.B
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28
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,
2/05/30
..
7
4
991716179.UG.FTS.B
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28
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,
2/05/30
..
10
10
991724730.UG.FTS.B
,
28
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%
,
2/05/30
..
40
40
991737214.UG.FTS.B
,
28
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,
2/05/30
..
4
4
991739980.UG.FTS.B
,
28
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%
,
2/05/30
..
15
15
991745601.UG.FTS.B
,
28
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%
,
2/05/30
..
2
2
991747299.UG.FTS.B
,
28
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%
,
2/05/30
..
3
3
991755981.UG.FTS.B
,
28
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,
2/05/30
..
13
13
991759687.UG.FTS.B
,
28
.98
%
,
2/05/30
..
14
14
991762144.UG.FTS.B
,
28
.98
%
,
2/05/30
..
3
3
991762262.UG.FTS.B
,
28
.98
%
,
2/05/30
..
16
4
991776933.UG.FTS.B
,
28
.98
%
,
2/05/30
..
20
20
991789109.UG.FTS.B
,
28
.98
%
,
2/05/30
..
20
11
991790367.UG.FTS.B
,
28
.98
%
,
2/05/30
..
85
85
991829108.UG.FTS.B
,
28
.98
%
,
2/05/30
..
92
93
991836188.UG.FTS.B
,
28
.98
%
,
2/05/30
..
3
3
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
85
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991842297.UG.FTS.B
,
28
.98
%
,
2/05/30
..
$
3
$
3
991855938.UG.FTS.B
,
28
.98
%
,
2/05/30
..
13
13
991884917.UG.FTS.B
,
28
.98
%
,
2/05/30
..
23
23
991886335.UG.FTS.B
,
28
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%
,
2/05/30
..
16
16
991894894.UG.FTS.B
,
28
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%
,
2/05/30
..
415
29
991901365.UG.FTS.B
,
28
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,
2/05/30
..
72
73
991937493.UG.FTS.B
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28
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%
,
2/05/30
..
13
13
991938119.UG.FTS.B
,
28
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%
,
2/05/30
..
69
69
991697402.UG.FTS.B
,
29
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%
,
2/05/30
..
8
8
991700153.UG.FTS.B
,
29
.49
%
,
2/05/30
..
12
12
991703611.UG.FTS.B
,
29
.49
%
,
2/05/30
..
2
2
991715444.UG.FTS.B
,
29
.49
%
,
2/05/30
..
2
2
991722812.UG.FTS.B
,
29
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%
,
2/05/30
..
11
11
991725800.UG.FTS.B
,
29
.49
%
,
2/05/30
..
6
6
991727032.UG.FTS.B
,
29
.49
%
,
2/05/30
..
8
8
991728509.UG.FTS.B
,
29
.49
%
,
2/05/30
..
1
1
991732282.UG.FTS.B
,
29
.49
%
,
2/05/30
..
1
1
991732719.UG.FTS.B
,
29
.49
%
,
2/05/30
..
10
10
991747447.UG.FTS.B
,
29
.49
%
,
2/05/30
..
32
32
991750763.UG.FTS.B
,
29
.49
%
,
2/05/30
..
5
5
991752383.UG.FTS.B
,
29
.49
%
,
2/05/30
..
8
8
991754108.UG.FTS.B
,
29
.49
%
,
2/05/30
..
7
7
991757533.UG.FTS.B
,
29
.49
%
,
2/05/30
..
3
3
991767013.UG.FTS.B
,
29
.49
%
,
2/05/30
..
7
7
991770513.UG.FTS.B
,
29
.49
%
,
2/05/30
..
5
5
991790182.UG.FTS.B
,
29
.49
%
,
2/05/30
..
6
6
991792427.UG.FTS.B
,
29
.49
%
,
2/05/30
..
6
6
991811197.UG.FTS.B
,
29
.49
%
,
2/05/30
..
14
14
991815312.UG.FTS.B
,
29
.49
%
,
2/05/30
..
15
15
991842723.UG.FTS.B
,
29
.49
%
,
2/05/30
..
20
3
991850751.UG.FTS.B
,
29
.49
%
,
2/05/30
..
7
7
991857915.UG.FTS.B
,
29
.49
%
,
2/05/30
..
19
19
991902591.UG.FTS.B
,
29
.49
%
,
2/05/30
..
11
11
991919187.UG.FTS.B
,
29
.49
%
,
2/05/30
..
8
8
991700171.UG.FTS.B
,
18
.97
%
,
2/06/30
..
15
15
991716319.UG.FTS.B
,
19
.21
%
,
2/06/30
..
25
25
991786750.UG.FTS.B
,
19
.21
%
,
2/06/30
..
9
9
991710752.UG.FTS.B
,
19
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%
,
2/06/30
...
12
12
991698898.UG.FTS.B
,
19
.99
%
,
2/06/30
..
80
19
991802156.UG.FTS.B
,
19
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%
,
2/06/30
..
37
37
991754233.UG.FTS.B
,
20
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%
,
2/06/30
..
4
4
991863415.UG.FTS.B
,
20
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%
,
2/06/30
..
38
38
991741410.UG.FTS.B
,
21
.98
%
,
2/06/30
..
10
10
991792953.UG.FTS.B
,
21
.98
%
,
2/06/30
..
408
229
991869067.UG.FTS.B
,
21
.98
%
,
2/06/30
..
112
16
991769602.UG.FTS.B
,
23
.95
%
,
2/06/30
..
38
38
991733615.UG.FTS.B
,
27
.95
%
,
2/06/30
..
53
53
991759445.UG.FTS.B
,
27
.99
%
,
2/06/30
..
8
8
991700105.UG.FTS.B
,
28
.98
%
,
2/06/30
..
1
1
991701200.UG.FTS.B
,
28
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%
,
2/06/30
..
3
3
991701698.UG.FTS.B
,
28
.98
%
,
2/06/30
..
13
13
991703634.UG.FTS.B
,
28
.98
%
,
2/06/30
..
12
12
991706049.UG.FTS.B
,
28
.98
%
,
2/06/30
..
41
3
991708571.UG.FTS.B
,
28
.98
%
,
2/06/30
..
8
8
991710098.UG.FTS.B
,
28
.98
%
,
2/06/30
..
6
6
991717052.UG.FTS.B
,
28
.98
%
,
2/06/30
..
23
23
991729721.UG.FTS.B
,
28
.98
%
,
2/06/30
..
11
11
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991732224.UG.FTS.B
,
28
.98
%
,
2/06/30
..
$
16
$
6
991734815.UG.FTS.B
,
28
.98
%
,
2/06/30
..
12
12
991739880.UG.FTS.B
,
28
.98
%
,
2/06/30
..
30
2
991748713.UG.FTS.B
,
28
.98
%
,
2/06/30
..
9
9
991756884.UG.FTS.B
,
28
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%
,
2/06/30
..
13
13
991762162.UG.FTS.B
,
28
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%
,
2/06/30
..
15
15
991766305.UG.FTS.B
,
28
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%
,
2/06/30
..
12
12
991770800.UG.FTS.B
,
28
.98
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,
2/06/30
..
6
6
991817047.UG.FTS.B
,
28
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%
,
2/06/30
..
20
20
991823324.UG.FTS.B
,
28
.98
%
,
2/06/30
..
201
203
991826493.UG.FTS.B
,
28
.98
%
,
2/06/30
..
5
5
991832752.UG.FTS.B
,
28
.98
%
,
2/06/30
..
31
31
991862866.UG.FTS.B
,
28
.98
%
,
2/06/30
..
163
164
991868227.UG.FTS.B
,
28
.98
%
,
2/06/30
..
29
29
991868577.UG.FTS.B
,
28
.98
%
,
2/06/30
..
10
10
991896380.UG.FTS.B
,
28
.98
%
,
2/06/30
..
326
326
991712510.UG.FTS.B
,
29
.47
%
,
2/06/30
..
9
9
991690939.UG.FTS.B
,
29
.49
%
,
2/06/30
..
57
58
991704419.UG.FTS.B
,
29
.49
%
,
2/06/30
..
14
14
991707381.UG.FTS.B
,
29
.49
%
,
2/06/30
..
10
10
991708109.UG.FTS.B
,
29
.49
%
,
2/06/30
..
9
9
991708283.UG.FTS.B
,
29
.49
%
,
2/06/30
..
1
1
991709656.UG.FTS.B
,
29
.49
%
,
2/06/30
..
159
11
991712333.UG.FTS.B
,
29
.49
%
,
2/06/30
..
5
5
991712745.UG.FTS.B
,
29
.49
%
,
2/06/30
..
24
1
991715596.UG.FTS.B
,
29
.49
%
,
2/06/30
..
50
50
991721139.UG.FTS.B
,
29
.49
%
,
2/06/30
..
12
11
991729831.UG.FTS.B
,
29
.49
%
,
2/06/30
..
2
1
991730113.UG.FTS.B
,
29
.49
%
,
2/06/30
..
10
10
991738035.UG.FTS.B
,
29
.49
%
,
2/06/30
..
7
4
991738990.UG.FTS.B
,
29
.49
%
,
2/06/30
..
97
–
991746952.UG.FTS.B
,
29
.49
%
,
2/06/30
..
11
11
991749942.UG.FTS.B
,
29
.49
%
,
2/06/30
..
17
18
991759741.UG.FTS.B
,
29
.49
%
,
2/06/30
..
16
16
991767120.UG.FTS.B
,
29
.49
%
,
2/06/30
..
1
1
991769688.UG.FTS.B
,
29
.49
%
,
2/06/30
..
19
19
991800849.UG.FTS.B
,
29
.49
%
,
2/06/30
..
7
3
991815674.UG.FTS.B
,
29
.49
%
,
2/06/30
..
15
15
991816101.UG.FTS.B
,
29
.49
%
,
2/06/30
..
9
9
991821554.UG.FTS.B
,
29
.49
%
,
2/06/30
..
6
6
991826917.UG.FTS.B
,
29
.49
%
,
2/06/30
..
39
3
991852176.UG.FTS.B
,
29
.49
%
,
2/06/30
..
6
6
991862795.UG.FTS.B
,
29
.49
%
,
2/06/30
..
122
59
991886716.UG.FTS.B
,
29
.49
%
,
2/06/30
..
6
6
991914065.UG.FTS.B
,
29
.49
%
,
2/06/30
..
5
5
991827281.UG.FTS.B
,
18
.97
%
,
2/07/30
..
4
4
991905123.UG.FTS.B
,
18
.97
%
,
2/07/30
..
3
3
991783290.UG.FTS.B
,
19
.21
%
,
2/07/30
..
6
6
991924115.UG.FTS.B
,
19
.21
%
,
2/07/30
..
2
2
991856601.UG.FTS.B
,
19
.99
%
,
2/07/30
..
10
10
991929766.UG.FTS.B
,
19
.99
%
,
2/07/30
..
8
8
991843735.UG.FTS.B
,
21
.98
%
,
2/07/30
..
4
4
991736467.UG.FTS.B
,
22
.97
%
,
2/07/30
..
51
7
991762975.UG.FTS.B
,
25
.95
%
,
2/07/30
..
17
17
991748191.UG.FTS.B
,
27
.99
%
,
2/07/30
..
91
94
991705793.UG.FTS.B
,
28
.98
%
,
2/07/30
..
22
22
991705973.UG.FTS.B
,
28
.98
%
,
2/07/30
..
10
10
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
86
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991707358.UG.FTS.B
,
28
.98
%
,
2/07/30
..
$
3
$
3
991708937.UG.FTS.B
,
28
.98
%
,
2/07/30
..
11
11
991708989.UG.FTS.B
,
28
.98
%
,
2/07/30
..
10
10
991710379.UG.FTS.B
,
28
.98
%
,
2/07/30
..
13
13
991712303.UG.FTS.B
,
28
.98
%
,
2/07/30
..
9
9
991712922.UG.FTS.B
,
28
.98
%
,
2/07/30
..
5
5
991717771.UG.FTS.B
,
28
.98
%
,
2/07/30
..
12
12
991724273.UG.FTS.B
,
28
.98
%
,
2/07/30
..
40
40
991724529.UG.FTS.B
,
28
.98
%
,
2/07/30
..
73
72
991728955.UG.FTS.B
,
28
.98
%
,
2/07/30
..
19
19
991743968.UG.FTS.B
,
28
.98
%
,
2/07/30
..
23
23
991755398.UG.FTS.B
,
28
.98
%
,
2/07/30
..
4
4
991772287.UG.FTS.B
,
28
.98
%
,
2/07/30
..
20
20
991784791.UG.FTS.B
,
28
.98
%
,
2/07/30
..
44
2
991799326.UG.FTS.B
,
28
.98
%
,
2/07/30
..
24
24
991803039.UG.FTS.B
,
28
.98
%
,
2/07/30
..
13
13
991806653.UG.FTS.B
,
28
.98
%
,
2/07/30
..
81
6
991807123.UG.FTS.B
,
28
.98
%
,
2/07/30
..
26
26
991814223.UG.FTS.B
,
28
.98
%
,
2/07/30
..
7
7
991849419.UG.FTS.B
,
28
.98
%
,
2/07/30
..
21
21
991882872.UG.FTS.B
,
28
.98
%
,
2/07/30
..
7
7
991922608.UG.FTS.B
,
28
.98
%
,
2/07/30
..
1
1
991935487.UG.FTS.B
,
28
.98
%
,
2/07/30
..
6
6
991709575.UG.FTS.B
,
29
.48
%
,
2/07/30
..
15
15
991712449.UG.FTS.B
,
29
.49
%
,
2/07/30
..
24
3
991717543.UG.FTS.B
,
29
.49
%
,
2/07/30
..
3
3
991718167.UG.FTS.B
,
29
.49
%
,
2/07/30
..
6
6
991721040.UG.FTS.B
,
29
.49
%
,
2/07/30
..
3
3
991730418.UG.FTS.B
,
29
.49
%
,
2/07/30
..
64
64
991735915.UG.FTS.B
,
29
.49
%
,
2/07/30
..
16
16
991736857.UG.FTS.B
,
29
.49
%
,
2/07/30
..
177
33
991738244.UG.FTS.B
,
29
.49
%
,
2/07/30
..
6
6
991747860.UG.FTS.B
,
29
.49
%
,
2/07/30
..
3
1
991754591.UG.FTS.B
,
29
.49
%
,
2/07/30
..
26
12
991759641.UG.FTS.B
,
29
.49
%
,
2/07/30
..
8
8
991759993.UG.FTS.B
,
29
.49
%
,
2/07/30
..
12
12
991760081.UG.FTS.B
,
29
.49
%
,
2/07/30
..
4
4
991761633.UG.FTS.B
,
29
.49
%
,
2/07/30
..
6
6
991778741.UG.FTS.B
,
29
.49
%
,
2/07/30
..
5
5
991788685.UG.FTS.B
,
29
.49
%
,
2/07/30
..
23
23
991809318.UG.FTS.B
,
29
.49
%
,
2/07/30
..
5
5
991813864.UG.FTS.B
,
29
.49
%
,
2/07/30
..
2
2
991815263.UG.FTS.B
,
29
.49
%
,
2/07/30
..
14
14
991842816.UG.FTS.B
,
29
.49
%
,
2/07/30
..
5
5
991843750.UG.FTS.B
,
29
.49
%
,
2/07/30
..
1
1
991852346.UG.FTS.B
,
29
.49
%
,
2/07/30
..
10
10
991858094.UG.FTS.B
,
29
.49
%
,
2/07/30
..
6
6
991868612.UG.FTS.B
,
29
.49
%
,
2/07/30
..
4
4
991887497.UG.FTS.B
,
29
.49
%
,
2/07/30
..
26
26
991918574.UG.FTS.B
,
29
.49
%
,
2/07/30
..
18
18
991924888.UG.FTS.B
,
29
.49
%
,
2/07/30
..
9
10
991930808.UG.FTS.B
,
29
.49
%
,
2/07/30
..
93
94
991783643.UG.FTS.B
,
14
.98
%
,
2/08/30
..
55
55
991802379.UG.FTS.B
,
15
.97
%
,
2/08/30
..
14
14
991904951.UG.FTS.B
,
15
.97
%
,
2/08/30
..
8
8
991908489.UG.FTS.B
,
15
.97
%
,
2/08/30
..
16
16
991717470.UG.FTS.B
,
19
.21
%
,
2/08/30
..
9
9
991746108.UG.FTS.B
,
15
%
,
2/09/30
.....
6
6
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991746306.UG.FTS.B
,
15
%
,
2/09/30
.....
$
97
$
97
991929779.UG.FTS.B
,
15
%
,
2/09/30
.....
1
1
991778289.UG.FTS.B
,
16
.99
%
,
2/09/30
..
1
1
991783787.UG.FTS.B
,
16
.99
%
,
2/09/30
..
185
13
991741247.UG.FTS.B
,
17
.97
%
,
2/09/30
..
28
28
991764270.UG.FTS.B
,
17
.99
%
,
2/09/30
..
18
18
991867276.UG.FTS.B
,
17
.99
%
,
2/09/30
..
17
9
21,516
Upstart
Network,
Inc.
L1871398.UP.FTS.B
,
22
.03
%
,
3/18/25
....
181
178
L2077669.UP.FTS.B
,
19
.72
%
,
4/19/25
....
73
72
L2078933.UP.FTS.B
,
22
.16
%
,
4/19/25
....
1,939
1,708
FW2200254.UP.FTS.B
,
19
.34
%
,
5/07/25
..
231
227
FW2202524.UP.FTS.B
,
28
.64
%
,
5/08/25
..
400
326
L2405109.UP.FTS.B
,
11
.47
%
,
6/11/25
....
315
252
FW2410127.UP.FTS.B
,
20
.85
%
,
6/11/25
..
223
101
FW2411559.UP.FTS.B
,
21
.14
%
,
6/11/25
..
355
350
L2414544.UP.FTS.B
,
14
.43
%
,
6/12/25
....
433
425
L2402983.UP.FTS.B
,
8
.56
%
,
6/21/25
....
360
355
FW2009937.UP.FTS.B
,
26
.34
%
,
9/09/25
..
323
318
L2206982.UP.FTS.B
,
9
.5
%
,
10/08/25
....
230
170
FW2414692.UP.FTS.B
,
6
.84
%
,
11/12/25
..
386
380
FW2411155.UP.FTS.B
,
7
.59
%
,
11/26/25
..
776
765
L1711804.UP.FTS.B
,
9
.08
%
,
9/14/26
.....
3,846
3,748
L1709773.UP.FTS.B
,
9
.1
%
,
9/14/26
.....
769
750
L1709466.UP.FTS.B
,
9
.12
%
,
9/14/26
....
4,616
1,089
L1711063.UP.FTS.B
,
9
.57
%
,
9/14/26
.....
5,424
5,286
L1710250.UP.FTS.B
,
9
.72
%
,
9/14/26
....
3,106
3,036
L1709358.UP.FTS.B
,
10
.97
%
,
9/14/26
....
16,174
15,826
L1711112.UP.FTS.B
,
12
.03
%
,
9/14/26
....
8,034
7,858
FW1709227.UP.FTS.B
,
12
.04
%
,
9/14/26
..
533
169
L1711960.UP.FTS.B
,
12
.48
%
,
9/14/26
....
1,212
1,186
L1708544.UP.FTS.B
,
12
.57
%
,
9/14/26
....
1,604
1,570
L1709990.UP.FTS.B
,
12
.82
%
,
9/14/26
....
693
680
L1711626.UP.FTS.B
,
13
.98
%
,
9/14/26
....
8,255
8,081
FW1711888.UP.FTS.B
,
15
.29
%
,
9/14/26
..
4,179
4,126
FW1710596.UP.FTS.B
,
15
.85
%
,
9/14/26
..
2,117
2,091
FW1711241.UP.FTS.B
,
16
.08
%
,
9/14/26
..
1,699
1,678
L1707201.UP.FTS.B
,
16
.24
%
,
9/14/26
....
6,386
6,308
L1711610.UP.FTS.B
,
17
.32
%
,
9/14/26
....
10,794
10,589
L1708807.UP.FTS.B
,
17
.72
%
,
9/14/26
....
4,341
4,289
L1710981.UP.FTS.B
,
17
.81
%
,
9/14/26
....
4,410
4,324
FW1709424.UP.FTS.B
,
18
.79
%
,
9/14/26
..
6,606
6,529
L1712201.UP.FTS.B
,
18
.94
%
,
9/14/26
....
998
979
L1711904.UP.FTS.B
,
19
.49
%
,
9/14/26
....
8,765
8,585
L1709643.UP.FTS.B
,
20
.04
%
,
9/14/26
....
1,788
1,755
L1708429.UP.FTS.B
,
20
.63
%
,
9/14/26
....
1,352
1,325
FW1711817.UP.FTS.B
,
20
.95
%
,
9/14/26
..
2,173
2,129
L1707499.UP.FTS.B
,
22
.03
%
,
9/14/26
....
4,575
4,486
FW1708581.UP.FTS.B
,
23
.53
%
,
9/14/26
..
1,741
1,711
L1709924.UP.FTS.B
,
24
.74
%
,
9/14/26
....
728
714
L1710379.UP.FTS.B
,
24
.83
%
,
9/14/26
....
617
606
L1710592.UP.FTS.B
,
25
.03
%
,
9/14/26
....
619
607
L1706788.UP.FTS.B
,
25
.12
%
,
9/14/26
....
901
477
L1710759.UP.FTS.B
,
25
.29
%
,
9/14/26
....
525
516
L1712021.UP.FTS.B
,
25
.29
%
,
9/14/26
....
1,205
1,183
L1712014.UP.FTS.B
,
25
.46
%
,
9/14/26
....
814
799
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
87
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L1710375.UP.FTS.B
,
25
.49
%
,
9/14/26
....
$
954
$
937
L1711582.UP.FTS.B
,
25
.87
%
,
9/14/26
....
13,006
12,770
L1709668.UP.FTS.B
,
25
.91
%
,
9/14/26
....
721
709
L1711668.UP.FTS.B
,
26
.18
%
,
9/14/26
....
2,269
2,228
FW1701558.UP.FTS.B
,
29
.38
%
,
9/14/26
..
5,979
5,879
FW1708159.UP.FTS.B
,
30
.6
%
,
9/14/26
...
826
813
FW1708283.UP.FTS.B
,
30
.95
%
,
9/14/26
..
2,041
2,007
FW1709045.UP.FTS.B
,
31
.04
%
,
9/14/26
..
1,545
1,520
FW1709237.UP.FTS.B
,
31
.24
%
,
9/14/26
..
2,554
2,513
FW1712567.UP.FTS.B
,
31
.44
%
,
9/14/26
..
1,484
1,460
FW1708897.UP.FTS.B
,
32
.27
%
,
9/14/26
..
1,173
1,154
L1709686.UP.FTS.B
,
14
.5
%
,
9/16/26
....
8,326
8,149
L1710829.UP.FTS.B
,
22
.11
%
,
9/21/26
....
220
218
L1873953.UP.FTS.B
,
6
.89
%
,
10/18/26
....
19,438
18,930
FW1872946.UP.FTS.B
,
7
.02
%
,
10/18/26
..
2,539
2,473
L1873178.UP.FTS.B
,
11
.12
%
,
10/18/26
...
3,964
288
L1873001.UP.FTS.B
,
11
.14
%
,
10/18/26
...
3,118
3,048
L1872155.UP.FTS.B
,
11
.36
%
,
10/18/26
...
787
771
L1873842.UP.FTS.B
,
11
.7
%
,
10/18/26
....
7,269
7,108
L1873090.UP.FTS.B
,
11
.9
%
,
10/18/26
....
629
615
L1873798.UP.FTS.B
,
12
.44
%
,
10/18/26
...
1,689
1,652
L1874099.UP.FTS.B
,
12
.59
%
,
10/18/26
...
7,651
7,483
L1872876.UP.FTS.B
,
13
.07
%
,
10/18/26
...
1,109
710
L1874284.UP.FTS.B
,
13
.39
%
,
10/18/26
...
3,421
3,347
FW1873975.UP.FTS.B
,
13
.55
%
,
10/18/26
.
2,786
2,726
L1873174.UP.FTS.B
,
13
.86
%
,
10/18/26
...
4,695
4,612
L1874369.UP.FTS.B
,
14
.32
%
,
10/18/26
...
3,470
3,426
FW1874328.UP.FTS.B
,
14
.8
%
,
10/18/26
..
4,361
4,306
L1860167.UP.FTS.B
,
14
.86
%
,
10/18/26
...
742
732
L1873835.UP.FTS.B
,
15
.93
%
,
10/18/26
...
4,179
4,130
L1873166.UP.FTS.B
,
16
.01
%
,
10/18/26
...
10,288
468
L1872814.UP.FTS.B
,
16
.38
%
,
10/18/26
...
6,634
6,557
L1873320.UP.FTS.B
,
16
.64
%
,
10/18/26
...
894
883
L1873808.UP.FTS.B
,
16
.88
%
,
10/18/26
...
2,465
2,418
L1874262.UP.FTS.B
,
17
.04
%
,
10/18/26
...
3,240
107
L1873707.UP.FTS.B
,
17
.21
%
,
10/18/26
...
4,759
4,704
FW1869707.UP.FTS.B
,
17
.52
%
,
10/18/26
.
6,779
6,652
L1873345.UP.FTS.B
,
17
.63
%
,
10/18/26
...
2,573
2,526
FW1874335.UP.FTS.B
,
17
.64
%
,
10/18/26
.
17,897
17,539
L1874163.UP.FTS.B
,
17
.64
%
,
10/18/26
...
3,145
3,087
L1868602.UP.FTS.B
,
18
.18
%
,
10/18/26
...
1,498
1,471
FW1873109.UP.FTS.B
,
18
.49
%
,
10/18/26
.
4,347
4,267
L1872626.UP.FTS.B
,
19
.06
%
,
10/18/26
...
4,083
297
L1873350.UP.FTS.B
,
19
.42
%
,
10/18/26
...
5,092
5,003
L1873155.UP.FTS.B
,
19
.56
%
,
10/18/26
...
519
512
L1873356.UP.FTS.B
,
19
.63
%
,
10/18/26
...
756
741
L1873176.UP.FTS.B
,
19
.77
%
,
10/18/26
...
7,792
1,180
L1872983.UP.FTS.B
,
19
.88
%
,
10/18/26
...
2,974
1,951
FW1873856.UP.FTS.B
,
20
.15
%
,
10/18/26
.
2,805
2,754
L1873825.UP.FTS.B
,
20
.43
%
,
10/18/26
...
23,448
23,007
L1873221.UP.FTS.B
,
20
.79
%
,
10/18/26
...
944
927
L1874536.UP.FTS.B
,
21
.47
%
,
10/18/26
...
2,587
2,559
L1873820.UP.FTS.B
,
21
.93
%
,
10/18/26
...
1,614
1,585
L1872738.UP.FTS.B
,
21
.97
%
,
10/18/26
...
718
704
L1873278.UP.FTS.B
,
21
.98
%
,
10/18/26
...
2,819
2,768
L1873489.UP.FTS.B
,
22
.12
%
,
10/18/26
...
8,854
647
L1873504.UP.FTS.B
,
22
.55
%
,
10/18/26
...
512
503
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L1874352.UP.FTS.B
,
22
.6
%
,
10/18/26
....
$
15,747
$
15,465
L1874034.UP.FTS.B
,
22
.67
%
,
10/18/26
...
1,061
1,042
L1873496.UP.FTS.B
,
22
.72
%
,
10/18/26
...
9,065
1,372
L1873307.UP.FTS.B
,
23
.79
%
,
10/18/26
...
733
721
L1874063.UP.FTS.B
,
24
.01
%
,
10/18/26
...
3,429
3,370
L1873180.UP.FTS.B
,
24
.02
%
,
10/18/26
...
490
481
L1873408.UP.FTS.B
,
24
.34
%
,
10/18/26
...
1,475
1,450
L1870381.UP.FTS.B
,
24
.72
%
,
10/18/26
...
3,359
3,302
L1873373.UP.FTS.B
,
24
.83
%
,
10/18/26
...
2,751
421
L1868887.UP.FTS.B
,
24
.97
%
,
10/18/26
...
7,094
6,974
L1872784.UP.FTS.B
,
25
.04
%
,
10/18/26
...
3,224
3,170
FW1874269.UP.FTS.B
,
25
.11
%
,
10/18/26
.
2,121
2,086
L1873304.UP.FTS.B
,
25
.15
%
,
10/18/26
...
767
754
FW1873077.UP.FTS.B
,
25
.29
%
,
10/18/26
.
1,491
1,466
L1873627.UP.FTS.B
,
25
.33
%
,
10/18/26
...
347
341
L1805232.UP.FTS.B
,
25
.36
%
,
10/18/26
...
2,737
2,691
L1872764.UP.FTS.B
,
25
.4
%
,
10/18/26
....
747
735
L1874416.UP.FTS.B
,
25
.46
%
,
10/18/26
...
14,426
14,187
L1874151.UP.FTS.B
,
25
.48
%
,
10/18/26
...
548
539
L1874395.UP.FTS.B
,
25
.5
%
,
10/18/26
....
5,152
405
L1874041.UP.FTS.B
,
26
.01
%
,
10/18/26
...
3,626
3,566
L1870887.UP.FTS.B
,
26
.18
%
,
10/18/26
...
854
840
FW1874429.UP.FTS.B
,
27
.19
%
,
10/18/26
.
1,933
1,902
FW1873344.UP.FTS.B
,
27
.72
%
,
10/18/26
.
7,155
7,041
FW1873866.UP.FTS.B
,
28
.25
%
,
10/18/26
.
518
354
FW1872622.UP.FTS.B
,
28
.59
%
,
10/18/26
.
1,637
1,101
FW1874208.UP.FTS.B
,
29
.47
%
,
10/18/26
.
1,824
1,796
FW1873268.UP.FTS.B
,
30
.52
%
,
10/18/26
.
949
935
FW1872558.UP.FTS.B
,
30
.55
%
,
10/18/26
.
685
675
FW1872779.UP.FTS.B
,
30
.59
%
,
10/18/26
.
656
47
FW1873577.UP.FTS.B
,
30
.59
%
,
10/18/26
.
3,495
543
FW1873234.UP.FTS.B
,
31
.11
%
,
10/18/26
.
2,313
2,280
FW1874112.UP.FTS.B
,
31
.18
%
,
10/18/26
.
2,601
2,564
FW1873980.UP.FTS.B
,
31
.12
%
,
10/28/26
.
1,401
1,381
L1874280.UP.FTS.B
,
15
.62
%
,
11/01/26
...
13,797
13,628
FW2008579.UP.FTS.B
,
5
.93
%
,
11/09/26
..
20,047
19,364
L2010047.UP.FTS.B
,
7
.23
%
,
11/09/26
....
4,076
3,968
FW2005584.UP.FTS.B
,
8
.98
%
,
11/09/26
..
6,711
6,538
L2009940.UP.FTS.B
,
9
.06
%
,
11/09/26
....
14,272
13,899
L2009771.UP.FTS.B
,
9
.73
%
,
11/09/26
....
2,119
2,068
L1982018.UP.FTS.B
,
9
.85
%
,
11/09/26
....
2,122
2,067
L2008329.UP.FTS.B
,
10
.3
%
,
11/09/26
....
2,563
2,497
L2008701.UP.FTS.B
,
10
.48
%
,
11/09/26
...
2,739
2,676
L2009188.UP.FTS.B
,
10
.68
%
,
11/09/26
...
10,842
10,591
L2009665.UP.FTS.B
,
10
.88
%
,
11/09/26
...
3,659
3,573
L2006261.UP.FTS.B
,
10
.9
%
,
11/09/26
....
302
298
L2006518.UP.FTS.B
,
11
.38
%
,
11/09/26
...
1,411
1,379
L1977043.UP.FTS.B
,
11
.43
%
,
11/09/26
...
2,342
2,287
FW2006974.UP.FTS.B
,
11
.44
%
,
11/09/26
.
5,423
5,296
L2007707.UP.FTS.B
,
12
.19
%
,
11/09/26
...
6,445
6,296
L2005066.UP.FTS.B
,
12
.51
%
,
11/09/26
...
6,649
6,493
L2007649.UP.FTS.B
,
12
.88
%
,
11/09/26
...
3,220
3,154
FW2009636.UP.FTS.B
,
13
.06
%
,
11/09/26
.
2,574
2,516
FW2004957.UP.FTS.B
,
13
.66
%
,
11/09/26
.
1,118
1,092
L2006397.UP.FTS.B
,
13
.66
%
,
11/09/26
...
4,472
4,370
L2008524.UP.FTS.B
,
14
.03
%
,
11/09/26
...
8,887
8,686
L2008113.UP.FTS.B
,
14
.06
%
,
11/09/26
...
9,695
9,472
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
88
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2009683.UP.FTS.B
,
14
.08
%
,
11/09/26
...
$
2,697
$
2,636
L2009234.UP.FTS.B
,
14
.43
%
,
11/09/26
...
6,374
6,234
L2008618.UP.FTS.B
,
14
.73
%
,
11/09/26
...
2,719
2,658
L2009287.UP.FTS.B
,
14
.91
%
,
11/09/26
...
2,635
2,576
L2008691.UP.FTS.B
,
15
.38
%
,
11/09/26
...
2,268
2,218
L2008772.UP.FTS.B
,
15
.55
%
,
11/09/26
...
4,581
4,517
L2007900.UP.FTS.B
,
15
.91
%
,
11/09/26
...
1,380
1,361
L2009243.UP.FTS.B
,
15
.94
%
,
11/09/26
...
4,605
4,541
FW2006940.UP.FTS.B
,
15
.96
%
,
11/09/26
.
325
321
L2006713.UP.FTS.B
,
16
.47
%
,
11/09/26
...
6,359
854
L2009219.UP.FTS.B
,
16
.5
%
,
11/09/26
....
12,254
1,718
FW2010280.UP.FTS.B
,
16
.52
%
,
11/09/26
.
7,424
7,322
FW2010216.UP.FTS.B
,
16
.55
%
,
11/09/26
.
4,172
4,081
L2008001.UP.FTS.B
,
16
.67
%
,
11/09/26
...
8,531
615
FW2009372.UP.FTS.B
,
16
.77
%
,
11/09/26
.
6,979
6,884
L2010173.UP.FTS.B
,
16
.8
%
,
11/09/26
....
3,725
3,675
L2008272.UP.FTS.B
,
17
.06
%
,
11/09/26
...
9,701
4,623
L2008918.UP.FTS.B
,
17
.09
%
,
11/09/26
...
3,458
3,411
FW2008938.UP.FTS.B
,
17
.12
%
,
11/09/26
.
3,482
3,435
L2006918.UP.FTS.B
,
18
.03
%
,
11/09/26
...
15,655
15,328
L2008467.UP.FTS.B
,
18
.23
%
,
11/09/26
...
5,339
284
FW2005538.UP.FTS.B
,
18
.4
%
,
11/09/26
..
2,864
2,803
FW2005908.UP.FTS.B
,
18
.71
%
,
11/09/26
.
2,145
2,100
L2006524.UP.FTS.B
,
18
.79
%
,
11/09/26
...
2,268
2,221
FW2009511.UP.FTS.B
,
18
.82
%
,
11/09/26
.
2,859
2,800
L2004618.UP.FTS.B
,
18
.96
%
,
11/09/26
...
3,494
255
L2007966.UP.FTS.B
,
18
.98
%
,
11/09/26
...
957
937
L2007377.UP.FTS.B
,
19
.06
%
,
11/09/26
...
8,141
8,035
L2007099.UP.FTS.B
,
20
.26
%
,
11/09/26
...
16,057
15,700
L2008551.UP.FTS.B
,
20
.27
%
,
11/09/26
...
10,500
10,268
L2009017.UP.FTS.B
,
20
.52
%
,
11/09/26
...
3,455
1,628
FW2004995.UP.FTS.B
,
21
%
,
11/09/26
...
2,843
2,785
FW2006513.UP.FTS.B
,
21
.09
%
,
11/09/26
.
931
913
L2009584.UP.FTS.B
,
21
.3
%
,
11/09/26
....
5,983
1,448
L2006375.UP.FTS.B
,
21
.38
%
,
11/09/26
...
1,668
1,632
L2008251.UP.FTS.B
,
21
.4
%
,
11/09/26
....
2,465
2,415
FW2008069.UP.FTS.B
,
21
.82
%
,
11/09/26
.
5,696
1,436
FW2009886.UP.FTS.B
,
22
.16
%
,
11/09/26
.
1,987
1,948
L2009468.UP.FTS.B
,
22
.18
%
,
11/09/26
...
6,459
6,321
L2009034.UP.FTS.B
,
22
.22
%
,
11/09/26
...
2,849
2,788
L2008599.UP.FTS.B
,
22
.35
%
,
11/09/26
...
996
977
L2008480.UP.FTS.B
,
22
.94
%
,
11/09/26
...
7,521
7,363
L2007056.UP.FTS.B
,
24
.37
%
,
11/09/26
...
1,244
1,218
FW2009608.UP.FTS.B
,
24
.41
%
,
11/09/26
.
10,704
10,487
L2009896.UP.FTS.B
,
24
.89
%
,
11/09/26
...
1,120
1,097
FW2006718.UP.FTS.B
,
24
.97
%
,
11/09/26
.
2,567
2,515
L2007001.UP.FTS.B
,
25
.04
%
,
11/09/26
...
770
756
L2009837.UP.FTS.B
,
25
.1
%
,
11/09/26
....
773
757
L2006519.UP.FTS.B
,
25
.11
%
,
11/09/26
...
1,187
296
L2008646.UP.FTS.B
,
25
.12
%
,
11/09/26
...
668
655
L2005357.UP.FTS.B
,
25
.2
%
,
11/09/26
....
2,572
2,521
L2006252.UP.FTS.B
,
25
.33
%
,
11/09/26
...
3,479
3,409
L2007046.UP.FTS.B
,
25
.34
%
,
11/09/26
...
927
909
FW2009941.UP.FTS.B
,
25
.35
%
,
11/09/26
.
4,256
4,171
L2009460.UP.FTS.B
,
25
.35
%
,
11/09/26
...
1,597
1,565
L2005437.UP.FTS.B
,
25
.37
%
,
11/09/26
...
481
472
L2007026.UP.FTS.B
,
25
.44
%
,
11/09/26
...
929
910
L1976857.UP.FTS.B
,
25
.45
%
,
11/09/26
...
4,126
4,044
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2008185.UP.FTS.B
,
25
.45
%
,
11/09/26
...
$
2,087
$
2,046
L2005075.UP.FTS.B
,
25
.48
%
,
11/09/26
...
984
588
L2004971.UP.FTS.B
,
25
.6
%
,
11/09/26
....
5,131
5,030
L2007383.UP.FTS.B
,
25
.64
%
,
11/09/26
...
2,016
1,977
L2008285.UP.FTS.B
,
25
.92
%
,
11/09/26
...
3,203
468
FW2007576.UP.FTS.B
,
26
.1
%
,
11/09/26
..
3,636
3,565
L2009167.UP.FTS.B
,
26
.14
%
,
11/09/26
...
5,198
5,096
FW1993820.UP.FTS.B
,
26
.38
%
,
11/09/26
.
3,127
3,066
FW2006658.UP.FTS.B
,
26
.38
%
,
11/09/26
.
3,127
3,068
FW2008080.UP.FTS.B
,
27
.3
%
,
11/09/26
..
790
775
FW2009450.UP.FTS.B
,
27
.39
%
,
11/09/26
.
4,413
4,327
FW2006870.UP.FTS.B
,
27
.89
%
,
11/09/26
.
3,760
553
FW2005768.UP.FTS.B
,
27
.98
%
,
11/09/26
.
813
418
FW2006392.UP.FTS.B
,
28
.34
%
,
11/09/26
.
627
615
FW2005859.UP.FTS.B
,
28
.42
%
,
11/09/26
.
7,044
6,913
FW2005194.UP.FTS.B
,
29
.14
%
,
11/09/26
.
3,291
3,231
FW2009687.UP.FTS.B
,
29
.61
%
,
11/09/26
.
3,028
2,973
FW2009414.UP.FTS.B
,
30
.01
%
,
11/09/26
.
6,607
6,488
FW2007936.UP.FTS.B
,
30
.89
%
,
11/09/26
.
2,242
2,202
FW1985263.UP.FTS.B
,
31
.02
%
,
11/09/26
.
868
853
FW2005025.UP.FTS.B
,
31
.15
%
,
11/09/26
.
4,072
4,000
FW2008432.UP.FTS.B
,
31
.3
%
,
11/09/26
..
2,424
2,381
FW2008400.UP.FTS.B
,
31
.31
%
,
11/09/26
.
1,859
1,811
FW2009323.UP.FTS.B
,
31
.47
%
,
11/09/26
.
3,289
3,231
FW2009592.UP.FTS.B
,
31
.5
%
,
11/09/26
..
1,247
1,224
FW2007089.UP.FTS.B
,
31
.52
%
,
11/09/26
.
4,745
1,160
L2009417.UP.FTS.B
,
11
.04
%
,
11/10/26
...
2,125
2,074
FW2009221.UP.FTS.B
,
30
.79
%
,
11/12/26
.
7,419
7,290
L2005604.UP.FTS.B
,
7
.24
%
,
11/15/26
....
9,831
9,572
L2009697.UP.FTS.B
,
20
.69
%
,
11/15/26
...
2,456
2,406
L2009364.UP.FTS.B
,
25
.41
%
,
11/15/26
...
2,557
2,507
L2077362.UP.FTS.B
,
10
.03
%
,
11/19/26
...
8,512
8,295
L2077278.UP.FTS.B
,
10
.24
%
,
11/19/26
...
868
847
L2079683.UP.FTS.B
,
10
.46
%
,
11/19/26
...
1,894
1,852
L2078817.UP.FTS.B
,
10
.96
%
,
11/19/26
...
19,833
19,381
L2077229.UP.FTS.B
,
11
.22
%
,
11/19/26
...
8,650
8,457
L2079790.UP.FTS.B
,
11
.54
%
,
11/19/26
...
3,703
3,619
L2078831.UP.FTS.B
,
11
.67
%
,
11/19/26
...
808
790
L2075431.UP.FTS.B
,
11
.87
%
,
11/19/26
...
10,036
9,814
L2077619.UP.FTS.B
,
12
.17
%
,
11/19/26
...
426
417
L2069545.UP.FTS.B
,
12
.88
%
,
11/19/26
...
2,654
2,596
L2077586.UP.FTS.B
,
13
.74
%
,
11/19/26
...
2,400
2,348
L2080759.UP.FTS.B
,
14
.39
%
,
11/19/26
...
6,642
6,501
FW2078825.UP.FTS.B
,
14
.72
%
,
11/19/26
.
9,520
9,318
L2077934.UP.FTS.B
,
15
.05
%
,
11/19/26
...
3,415
3,342
L2079762.UP.FTS.B
,
15
.07
%
,
11/19/26
...
2,133
2,107
L2080377.UP.FTS.B
,
15
.37
%
,
11/19/26
...
4,113
4,065
L2078013.UP.FTS.B
,
15
.44
%
,
11/19/26
...
5,696
5,580
L2080949.UP.FTS.B
,
16
.51
%
,
11/19/26
...
2,588
2,556
L2077345.UP.FTS.B
,
16
.52
%
,
11/19/26
...
854
838
L2078556.UP.FTS.B
,
16
.55
%
,
11/19/26
...
2,045
2,021
L2077136.UP.FTS.B
,
16
.73
%
,
11/19/26
...
4,650
4,598
FW2080998.UP.FTS.B
,
16
.87
%
,
11/19/26
.
428
423
FW2078513.UP.FTS.B
,
16
.88
%
,
11/19/26
.
8,389
8,295
L2079147.UP.FTS.B
,
16
.93
%
,
11/19/26
...
7,868
7,780
L2073789.UP.FTS.B
,
17
.39
%
,
11/19/26
...
1,408
1,392
L2078785.UP.FTS.B
,
17
.53
%
,
11/19/26
...
4,700
4,615
L2078320.UP.FTS.B
,
18
.26
%
,
11/19/26
...
722
712
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
89
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2078541.UP.FTS.B
,
18
.53
%
,
11/19/26
...
$
1,665
$
1,635
L2078767.UP.FTS.B
,
18
.54
%
,
11/19/26
...
476
470
FW2080677.UP.FTS.B
,
18
.72
%
,
11/19/26
.
8,110
8,023
FW2078252.UP.FTS.B
,
19
.1
%
,
11/19/26
..
740
727
L2079089.UP.FTS.B
,
19
.11
%
,
11/19/26
...
2,866
2,835
L2077889.UP.FTS.B
,
19
.41
%
,
11/19/26
...
3,554
3,492
L2079136.UP.FTS.B
,
19
.7
%
,
11/19/26
....
7,962
7,816
L2077834.UP.FTS.B
,
19
.87
%
,
11/19/26
...
8,339
282
FW2076082.UP.FTS.B
,
20
.04
%
,
11/19/26
.
9,146
8,987
L2077864.UP.FTS.B
,
20
.33
%
,
11/19/26
...
10,697
10,512
L2077767.UP.FTS.B
,
20
.73
%
,
11/19/26
...
4,885
4,798
FW2079399.UP.FTS.B
,
20
.8
%
,
11/19/26
..
10,092
368
FW2080860.UP.FTS.B
,
21
.93
%
,
11/19/26
.
9,580
9,413
L2080597.UP.FTS.B
,
22
.59
%
,
11/19/26
...
1,099
1,080
L2078431.UP.FTS.B
,
23
.7
%
,
11/19/26
....
1,353
1,331
L2079001.UP.FTS.B
,
24
.08
%
,
11/19/26
...
6,597
6,490
FW2076263.UP.FTS.B
,
24
.18
%
,
11/19/26
.
1,577
1,562
L2051923.UP.FTS.B
,
24
.73
%
,
11/19/26
...
417
410
FW2078837.UP.FTS.B
,
25
.18
%
,
11/19/26
.
1,337
1,315
L2080819.UP.FTS.B
,
25
.23
%
,
11/19/26
...
996
152
L2080514.UP.FTS.B
,
25
.27
%
,
11/19/26
...
1,133
1,115
L2079636.UP.FTS.B
,
25
.5
%
,
11/19/26
....
963
948
L2080879.UP.FTS.B
,
25
.51
%
,
11/19/26
...
2,168
2,134
L2080301.UP.FTS.B
,
25
.61
%
,
11/19/26
...
2,083
2,050
L2077747.UP.FTS.B
,
25
.84
%
,
11/19/26
...
3,108
3,060
FW2080275.UP.FTS.B
,
26
.15
%
,
11/19/26
.
1,819
1,791
FW2076617.UP.FTS.B
,
26
.67
%
,
11/19/26
.
15,266
15,035
FW2070515.UP.FTS.B
,
26
.89
%
,
11/19/26
.
2,599
397
L2075827.UP.FTS.B
,
27
%
,
11/19/26
.....
4,880
4,807
FW2076319.UP.FTS.B
,
27
.45
%
,
11/19/26
.
2,181
1,459
FW2079921.UP.FTS.B
,
29
.67
%
,
11/19/26
.
1,721
438
FW2078839.UP.FTS.B
,
30
.61
%
,
11/19/26
.
424
30
FW2076598.UP.FTS.B
,
31
.11
%
,
11/19/26
.
288
284
L2078364.UP.FTS.B
,
15
.16
%
,
11/20/26
...
2,737
2,704
L2008677.UP.FTS.B
,
10
.77
%
,
11/23/26
...
4,313
4,210
L2010117.UP.FTS.B
,
24
.96
%
,
11/23/26
...
2,072
2,031
FW2007433.UP.FTS.B
,
21
.02
%
,
11/24/26
.
3,689
3,610
FW2003971.UP.FTS.B
,
17
.71
%
,
11/26/26
.
13,058
12,887
L2079956.UP.FTS.B
,
14
.89
%
,
12/01/26
...
3,330
3,287
L2198358.UP.FTS.B
,
7
.09
%
,
12/07/26
....
1,271
214
L2196810.UP.FTS.B
,
7
.42
%
,
12/07/26
....
2,566
2,497
L2198501.UP.FTS.B
,
8
.94
%
,
12/07/26
....
1,746
1,699
L2195995.UP.FTS.B
,
9
.12
%
,
12/07/26
....
1,883
1,833
L2199695.UP.FTS.B
,
9
.66
%
,
12/07/26
....
2,646
2,577
L2199924.UP.FTS.B
,
9
.76
%
,
12/07/26
....
3,092
3,011
FW2200013.UP.FTS.B
,
10
.26
%
,
12/07/26
.
6,226
6,067
L2198751.UP.FTS.B
,
10
.42
%
,
12/07/26
...
3,566
3,475
L2199240.UP.FTS.B
,
10
.7
%
,
12/07/26
....
3,668
3,573
L2196100.UP.FTS.B
,
10
.99
%
,
12/07/26
...
718
700
L2197856.UP.FTS.B
,
11
.23
%
,
12/07/26
...
2,433
2,372
FW2199260.UP.FTS.B
,
12
.51
%
,
12/07/26
.
11,222
10,948
L2200204.UP.FTS.B
,
12
.79
%
,
12/07/26
...
5,986
5,838
L2200250.UP.FTS.B
,
13
.28
%
,
12/07/26
...
2,314
2,257
L2197658.UP.FTS.B
,
13
.72
%
,
12/07/26
...
2,327
2,270
FW2198593.UP.FTS.B
,
14
.12
%
,
12/07/26
.
2,928
1,318
L2197131.UP.FTS.B
,
14
.14
%
,
12/07/26
...
515
502
L2199997.UP.FTS.B
,
14
.15
%
,
12/07/26
...
1,731
1,690
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2198350.UP.FTS.B
,
15
.19
%
,
12/07/26
...
$
440
$
430
L2199860.UP.FTS.B
,
16
.1
%
,
12/07/26
....
7,158
7,049
L2199879.UP.FTS.B
,
16
.31
%
,
12/07/26
...
6,523
6,376
L2198446.UP.FTS.B
,
16
.58
%
,
12/07/26
...
23,606
23,251
L2198880.UP.FTS.B
,
16
.74
%
,
12/07/26
...
1,771
888
FW2197380.UP.FTS.B
,
17
.12
%
,
12/07/26
.
1,457
1,435
L2198345.UP.FTS.B
,
17
.18
%
,
12/07/26
...
11,622
11,443
L2198376.UP.FTS.B
,
17
.42
%
,
12/07/26
...
10,798
10,549
L2192178.UP.FTS.B
,
17
.53
%
,
12/07/26
...
3,679
3,623
L2199819.UP.FTS.B
,
17
.72
%
,
12/07/26
...
10,670
768
L2199726.UP.FTS.B
,
18
.1
%
,
12/07/26
....
2,949
2,905
L2196412.UP.FTS.B
,
18
.83
%
,
12/07/26
...
892
879
L2199248.UP.FTS.B
,
19
.04
%
,
12/07/26
...
7,523
7,411
L2199663.UP.FTS.B
,
19
.69
%
,
12/07/26
...
3,310
780
L2199129.UP.FTS.B
,
20
.12
%
,
12/07/26
...
1,108
1,092
L2199523.UP.FTS.B
,
20
.46
%
,
12/07/26
...
881
862
L2196447.UP.FTS.B
,
20
.62
%
,
12/07/26
...
3,742
89
L2197655.UP.FTS.B
,
20
.75
%
,
12/07/26
...
2,539
2,478
L2196680.UP.FTS.B
,
21
.47
%
,
12/07/26
...
3,148
3,079
L2197631.UP.FTS.B
,
21
.55
%
,
12/07/26
...
2,310
2,259
L2196775.UP.FTS.B
,
22
.04
%
,
12/07/26
...
515
504
L2199874.UP.FTS.B
,
22
.34
%
,
12/07/26
...
4,239
4,141
L2192706.UP.FTS.B
,
22
.47
%
,
12/07/26
...
5,166
5,048
L2197670.UP.FTS.B
,
22
.54
%
,
12/07/26
...
1,874
1,831
FW2196522.UP.FTS.B
,
23
.26
%
,
12/07/26
.
3,131
3,060
FW2192438.UP.FTS.B
,
23
.66
%
,
12/07/26
.
6,290
6,149
L2200210.UP.FTS.B
,
24
.56
%
,
12/07/26
...
10,700
10,472
L2196219.UP.FTS.B
,
25
.27
%
,
12/07/26
...
4,691
4,589
L2198546.UP.FTS.B
,
25
.32
%
,
12/07/26
...
801
783
L2198050.UP.FTS.B
,
25
.44
%
,
12/07/26
...
3,009
1,456
L2197183.UP.FTS.B
,
25
.46
%
,
12/07/26
...
910
890
L2197844.UP.FTS.B
,
25
.47
%
,
12/07/26
...
2,687
2,629
L2199814.UP.FTS.B
,
25
.68
%
,
12/07/26
...
3,216
3,146
FW2199793.UP.FTS.B
,
25
.9
%
,
12/07/26
..
4,298
4,206
FW2200076.UP.FTS.B
,
28
.24
%
,
12/07/26
.
27,541
26,972
FW2200069.UP.FTS.B
,
28
.54
%
,
12/07/26
.
2,292
2,245
FW2198176.UP.FTS.B
,
29
.22
%
,
12/07/26
.
2,002
1,962
FW2198672.UP.FTS.B
,
30
.42
%
,
12/07/26
.
3,723
537
FW2198098.UP.FTS.B
,
31
%
,
12/07/26
...
3,604
889
FW2199632.UP.FTS.B
,
32
.42
%
,
12/07/26
.
2,815
2,762
L2201511.UP.FTS.B
,
5
.03
%
,
12/08/26
....
3,411
3,320
L2201100.UP.FTS.B
,
5
.82
%
,
12/08/26
....
4,181
4,036
FW2201687.UP.FTS.B
,
5
.98
%
,
12/08/26
..
1,827
1,769
L2201658.UP.FTS.B
,
6
%
,
12/08/26
......
770
60
L2203382.UP.FTS.B
,
6
.5
%
,
12/08/26
....
4,221
4,076
L2206413.UP.FTS.B
,
7
.44
%
,
12/08/26
....
3,790
3,689
L2201126.UP.FTS.B
,
7
.87
%
,
12/08/26
....
8,476
8,262
L2200918.UP.FTS.B
,
8
.74
%
,
12/08/26
....
1,873
1,824
L2201288.UP.FTS.B
,
9
.13
%
,
12/08/26
....
1,445
1,407
FW2202215.UP.FTS.B
,
9
.76
%
,
12/08/26
..
17,760
17,336
L2202140.UP.FTS.B
,
10
.05
%
,
12/08/26
...
1,678
1,636
L2205692.UP.FTS.B
,
10
.33
%
,
12/08/26
...
7,346
7,156
L2205258.UP.FTS.B
,
10
.97
%
,
12/08/26
...
1,592
1,554
L2202707.UP.FTS.B
,
11
.01
%
,
12/08/26
...
4,492
4,381
L2200873.UP.FTS.B
,
11
.09
%
,
12/08/26
...
4,046
3,946
L2205661.UP.FTS.B
,
11
.13
%
,
12/08/26
...
5,397
5,265
FW2202691.UP.FTS.B
,
11
.21
%
,
12/08/26
.
1,351
1,316
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
90
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2201522.UP.FTS.B
,
11
.25
%
,
12/08/26
...
$
9,010
$
8,790
FW2201210.UP.FTS.B
,
12
.48
%
,
12/08/26
.
913
891
L2202867.UP.FTS.B
,
13
.27
%
,
12/08/26
...
1,962
1,918
L2202534.UP.FTS.B
,
13
.68
%
,
12/08/26
...
6,977
6,810
L2200884.UP.FTS.B
,
13
.99
%
,
12/08/26
...
3,456
3,373
L2204734.UP.FTS.B
,
13
.99
%
,
12/08/26
...
1,718
1,678
L2201701.UP.FTS.B
,
14
.19
%
,
12/08/26
...
3,277
3,200
L2200543.UP.FTS.B
,
14
.23
%
,
12/08/26
...
2,615
363
FW2206534.UP.FTS.B
,
14
.38
%
,
12/08/26
.
1,500
1,465
FW2201365.UP.FTS.B
,
14
.41
%
,
12/08/26
.
6,807
6,647
L2205970.UP.FTS.B
,
14
.78
%
,
12/08/26
...
1,263
1,234
L2203172.UP.FTS.B
,
14
.86
%
,
12/08/26
...
4,722
4,611
L2201429.UP.FTS.B
,
15
.27
%
,
12/08/26
...
5,641
5,510
L2203888.UP.FTS.B
,
15
.35
%
,
12/08/26
...
1,425
1,392
L2205307.UP.FTS.B
,
15
.66
%
,
12/08/26
...
958
943
L2193881.UP.FTS.B
,
15
.75
%
,
12/08/26
...
2,101
2,069
L2205432.UP.FTS.B
,
15
.94
%
,
12/08/26
...
11,707
11,537
L2206448.UP.FTS.B
,
16
%
,
12/08/26
.....
5,030
4,913
L2195672.UP.FTS.B
,
16
.2
%
,
12/08/26
....
6,147
6,054
L2203269.UP.FTS.B
,
16
.66
%
,
12/08/26
...
2,174
2,141
L2206760.UP.FTS.B
,
17
.01
%
,
12/08/26
...
22,284
21,955
L2200739.UP.FTS.B
,
17
.06
%
,
12/08/26
...
1,310
1,291
L2200406.UP.FTS.B
,
17
.28
%
,
12/08/26
...
2,142
2,110
L2204275.UP.FTS.B
,
17
.48
%
,
12/08/26
...
3,229
235
L2203876.UP.FTS.B
,
17
.53
%
,
12/08/26
...
11,220
5,227
L2202653.UP.FTS.B
,
17
.59
%
,
12/08/26
...
6,058
5,969
L2200437.UP.FTS.B
,
17
.72
%
,
12/08/26
...
1,223
1,196
L2206114.UP.FTS.B
,
17
.92
%
,
12/08/26
...
986
971
L2201870.UP.FTS.B
,
17
.98
%
,
12/08/26
...
1,473
1,440
FW2200514.UP.FTS.B
,
18
.68
%
,
12/08/26
.
4,901
4,794
L2202316.UP.FTS.B
,
18
.78
%
,
12/08/26
...
1,240
1,213
L2203614.UP.FTS.B
,
18
.9
%
,
12/08/26
....
9,030
659
FW2204149.UP.FTS.B
,
19
.13
%
,
12/08/26
.
2,498
2,443
FW2201703.UP.FTS.B
,
19
.15
%
,
12/08/26
.
1,727
1,690
L2171699.UP.FTS.B
,
19
.26
%
,
12/08/26
...
4,988
4,871
FW2201480.UP.FTS.B
,
19
.28
%
,
12/08/26
.
3,492
3,442
L2201833.UP.FTS.B
,
19
.78
%
,
12/08/26
...
2,502
2,448
L2203346.UP.FTS.B
,
19
.86
%
,
12/08/26
...
3,213
3,168
FW2185665.UP.FTS.B
,
20
.17
%
,
12/08/26
.
7,505
7,403
L2200446.UP.FTS.B
,
20
.19
%
,
12/08/26
...
554
542
L2200528.UP.FTS.B
,
20
.47
%
,
12/08/26
...
1,770
1,732
L2201790.UP.FTS.B
,
20
.6
%
,
12/08/26
....
1,418
1,388
FW2205623.UP.FTS.B
,
21
.01
%
,
12/08/26
.
6,720
493
L2203340.UP.FTS.B
,
21
.11
%
,
12/08/26
...
2,544
2,486
L2203266.UP.FTS.B
,
21
.37
%
,
12/08/26
...
2,594
2,535
L2203685.UP.FTS.B
,
21
.52
%
,
12/08/26
...
1,791
1,751
L2206634.UP.FTS.B
,
21
.58
%
,
12/08/26
...
1,127
1,101
FW2200309.UP.FTS.B
,
21
.86
%
,
12/08/26
.
2,026
291
L2204816.UP.FTS.B
,
22
.27
%
,
12/08/26
...
5,359
388
FW2202543.UP.FTS.B
,
22
.46
%
,
12/08/26
.
983
962
L2200624.UP.FTS.B
,
22
.5
%
,
12/08/26
....
1,035
1,013
L2201275.UP.FTS.B
,
22
.92
%
,
12/08/26
...
2,222
10
L2203293.UP.FTS.B
,
22
.93
%
,
12/08/26
...
884
866
FW2203667.UP.FTS.B
,
23
.01
%
,
12/08/26
.
7,826
7,657
L2203557.UP.FTS.B
,
23
.55
%
,
12/08/26
...
829
451
L2200929.UP.FTS.B
,
23
.61
%
,
12/08/26
...
1,295
1,267
L2197277.UP.FTS.B
,
23
.68
%
,
12/08/26
...
3,415
3,341
L2205882.UP.FTS.B
,
23
.83
%
,
12/08/26
...
1,577
1,556
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2200085.UP.FTS.B
,
23
.88
%
,
12/08/26
.
$
1,577
$
1,543
L2204440.UP.FTS.B
,
24
.51
%
,
12/08/26
...
635
622
L2200752.UP.FTS.B
,
24
.63
%
,
12/08/26
...
530
519
FW2200668.UP.FTS.B
,
24
.66
%
,
12/08/26
.
6,628
6,488
L2201876.UP.FTS.B
,
24
.84
%
,
12/08/26
...
585
573
L2200418.UP.FTS.B
,
24
.91
%
,
12/08/26
...
3,984
3,904
L2201388.UP.FTS.B
,
24
.93
%
,
12/08/26
...
1,524
1,492
L2203217.UP.FTS.B
,
25
.16
%
,
12/08/26
...
598
586
L2201763.UP.FTS.B
,
25
.22
%
,
12/08/26
...
3,534
3,492
L2203014.UP.FTS.B
,
25
.25
%
,
12/08/26
...
2,667
2,612
L2204236.UP.FTS.B
,
25
.3
%
,
12/08/26
....
2,591
2,537
L2201267.UP.FTS.B
,
25
.35
%
,
12/08/26
...
502
492
L2207019.UP.FTS.B
,
25
.36
%
,
12/08/26
...
763
747
L2204385.UP.FTS.B
,
25
.38
%
,
12/08/26
...
661
329
L2204272.UP.FTS.B
,
25
.42
%
,
12/08/26
...
779
762
L2200539.UP.FTS.B
,
25
.48
%
,
12/08/26
...
2,900
2,840
L2202382.UP.FTS.B
,
25
.5
%
,
12/08/26
....
963
943
L2206619.UP.FTS.B
,
25
.63
%
,
12/08/26
...
4,019
3,936
FW2202207.UP.FTS.B
,
25
.82
%
,
12/08/26
.
2,338
2,292
L2205529.UP.FTS.B
,
25
.96
%
,
12/08/26
...
3,763
3,686
L2200501.UP.FTS.B
,
26
.06
%
,
12/08/26
...
1,101
1,079
L2200760.UP.FTS.B
,
26
.49
%
,
12/08/26
...
6,712
51
FW2205293.UP.FTS.B
,
26
.73
%
,
12/08/26
.
800
784
FW2205802.UP.FTS.B
,
27
%
,
12/08/26
...
2,135
310
FW2200840.UP.FTS.B
,
27
.39
%
,
12/08/26
.
4,586
4,495
FW2206331.UP.FTS.B
,
28
.09
%
,
12/08/26
.
6,275
1,506
FW2200263.UP.FTS.B
,
28
.29
%
,
12/08/26
.
10,084
9,890
FW2202084.UP.FTS.B
,
28
.33
%
,
12/08/26
.
774
759
FW2206080.UP.FTS.B
,
28
.43
%
,
12/08/26
.
1,569
1,538
FW2202420.UP.FTS.B
,
28
.72
%
,
12/08/26
.
2,517
2,468
FW2203128.UP.FTS.B
,
28
.72
%
,
12/08/26
.
556
545
FW2200463.UP.FTS.B
,
28
.91
%
,
12/08/26
.
666
653
FW2201925.UP.FTS.B
,
29
.05
%
,
12/08/26
.
620
608
FW2201641.UP.FTS.B
,
29
.67
%
,
12/08/26
.
4,583
4,496
FW2206862.UP.FTS.B
,
29
.87
%
,
12/08/26
.
2,689
2,639
FW2204427.UP.FTS.B
,
30
.34
%
,
12/08/26
.
4,502
4,418
FW2202866.UP.FTS.B
,
30
.6
%
,
12/08/26
..
656
322
FW2203290.UP.FTS.B
,
31
.07
%
,
12/08/26
.
794
779
FW2206683.UP.FTS.B
,
31
.07
%
,
12/08/26
.
1,168
1,147
FW2205002.UP.FTS.B
,
31
.08
%
,
12/08/26
.
1,758
1,725
FW2200524.UP.FTS.B
,
31
.14
%
,
12/08/26
.
3,422
3,358
FW2199311.UP.FTS.B
,
31
.18
%
,
12/08/26
.
795
780
FW2203562.UP.FTS.B
,
32
.34
%
,
12/08/26
.
4,195
608
FW2199186.UP.FTS.B
,
25
.95
%
,
12/09/26
.
1,331
1,303
FW2201142.UP.FTS.B
,
31
.05
%
,
12/12/26
.
569
558
L2206744.UP.FTS.B
,
13
.51
%
,
12/14/26
...
13,954
13,619
L2202911.UP.FTS.B
,
21
.13
%
,
12/14/26
...
3,131
3,066
L2196899.UP.FTS.B
,
24
.65
%
,
12/15/26
...
3,092
3,024
FW2199126.UP.FTS.B
,
31
.54
%
,
12/15/26
.
3,553
3,489
FW2198165.UP.FTS.B
,
14
.07
%
,
12/16/26
.
657
641
L2200110.UP.FTS.B
,
25
.93
%
,
12/16/26
...
4,057
3,975
L2203118.UP.FTS.B
,
8
.78
%
,
12/17/26
....
3,477
3,385
L2203117.UP.FTS.B
,
13
.79
%
,
12/17/26
...
4,020
3,924
L2201499.UP.FTS.B
,
21
.34
%
,
12/17/26
...
5,647
5,520
FW2205704.UP.FTS.B
,
28
.05
%
,
12/18/26
.
2,755
2,702
L2195329.UP.FTS.B
,
17
.11
%
,
12/22/26
...
3,080
224
L2194879.UP.FTS.B
,
17
.51
%
,
12/22/26
...
9,984
6,385
FW2198520.UP.FTS.B
,
20
.07
%
,
12/22/26
.
5,420
1,256
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
91
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2196637.UP.FTS.B
,
24
.42
%
,
12/22/26
...
$
7,957
$
7,784
L2195912.UP.FTS.B
,
25
.21
%
,
12/22/26
...
4,419
4,324
L2199586.UP.FTS.B
,
25
.33
%
,
12/22/26
...
350
342
L2203381.UP.FTS.B
,
18
.04
%
,
12/23/26
...
5,196
5,121
FW2197646.UP.FTS.B
,
16
.34
%
,
1/01/27
..
4,033
3,944
L2411009.UP.FTS.B
,
5
.26
%
,
1/11/27
.....
15,108
14,564
L2402399.UP.FTS.B
,
6
.09
%
,
1/11/27
.....
11,833
11,411
FW2408524.UP.FTS.B
,
6
.18
%
,
1/11/27
...
4,723
4,556
L2413519.UP.FTS.B
,
6
.19
%
,
1/11/27
.....
11,000
4,702
FW2411884.UP.FTS.B
,
6
.2
%
,
1/11/27
....
10,934
10,544
L2411160.UP.FTS.B
,
7
.26
%
,
1/11/27
.....
6,656
6,421
FW2406810.UP.FTS.B
,
7
.3
%
,
1/11/27
....
2,698
2,607
L2408660.UP.FTS.B
,
7
.61
%
,
1/11/27
.....
3,076
2,993
L2412785.UP.FTS.B
,
7
.81
%
,
1/11/27
.....
894
870
L2408557.UP.FTS.B
,
7
.86
%
,
1/11/27
.....
2,324
996
L2413727.UP.FTS.B
,
8
.61
%
,
1/11/27
.....
1,943
1,891
FW2410081.UP.FTS.B
,
8
.78
%
,
1/11/27
...
8,154
7,938
L2407187.UP.FTS.B
,
8
.85
%
,
1/11/27
.....
2,262
2,202
FW2411415.UP.FTS.B
,
9
.04
%
,
1/11/27
...
3,049
2,970
FW2413111.UP.FTS.B
,
9
.07
%
,
1/11/27
...
3,612
3,515
L2410685.UP.FTS.B
,
9
.48
%
,
1/11/27
.....
4,355
1,847
FW2406985.UP.FTS.B
,
9
.83
%
,
1/11/27
...
1,377
1,341
L2411458.UP.FTS.B
,
10
.12
%
,
1/11/27
....
1,014
987
L2408600.UP.FTS.B
,
10
.21
%
,
1/11/27
....
1,971
1,921
L2413945.UP.FTS.B
,
10
.53
%
,
1/11/27
....
10,194
9,937
L2411571.UP.FTS.B
,
11
.47
%
,
1/11/27
....
3,524
3,439
L2413044.UP.FTS.B
,
11
.78
%
,
1/11/27
....
3,812
3,716
FW2408471.UP.FTS.B
,
11
.94
%
,
1/11/27
..
2,692
2,627
L2405206.UP.FTS.B
,
12
.1
%
,
1/11/27
.....
11,427
11,141
L2370107.UP.FTS.B
,
12
.85
%
,
1/11/27
....
2,339
2,282
L2412100.UP.FTS.B
,
13
.07
%
,
1/11/27
....
3,124
3,047
L2411596.UP.FTS.B
,
13
.42
%
,
1/11/27
....
2,405
2,346
FW2412293.UP.FTS.B
,
13
.57
%
,
1/11/27
..
2,425
2,368
FW2412839.UP.FTS.B
,
13
.8
%
,
1/11/27
...
5,202
5,074
FW2407206.UP.FTS.B
,
13
.82
%
,
1/11/27
..
2,899
2,829
FW2410061.UP.FTS.B
,
13
.89
%
,
1/11/27
..
9,672
9,438
L2409821.UP.FTS.B
,
14
.42
%
,
1/11/27
....
2,629
2,566
L2410324.UP.FTS.B
,
14
.46
%
,
1/11/27
....
9,500
9,270
L2408774.UP.FTS.B
,
14
.55
%
,
1/11/27
....
1,950
1,921
L2408843.UP.FTS.B
,
14
.84
%
,
1/11/27
....
1,425
1,392
L2408436.UP.FTS.B
,
15
.99
%
,
1/11/27
....
19,960
19,657
L2379748.UP.FTS.B
,
16
.06
%
,
1/11/27
....
2,454
84
L2406986.UP.FTS.B
,
16
.62
%
,
1/11/27
....
2,500
2,464
L2412621.UP.FTS.B
,
16
.62
%
,
1/11/27
....
2,000
1,971
L2407022.UP.FTS.B
,
16
.96
%
,
1/11/27
....
2,510
2,474
FW2411635.UP.FTS.B
,
17
.05
%
,
1/11/27
..
2,563
2,507
L2411840.UP.FTS.B
,
17
.48
%
,
1/11/27
....
14,348
14,016
L2406982.UP.FTS.B
,
17
.53
%
,
1/11/27
....
4,602
4,502
L2412808.UP.FTS.B
,
17
.54
%
,
1/11/27
....
5,055
4,982
FW2411466.UP.FTS.B
,
17
.75
%
,
1/11/27
..
1,014
999
L2407285.UP.FTS.B
,
17
.96
%
,
1/11/27
....
2,594
1,224
FW2407640.UP.FTS.B
,
18
.05
%
,
1/11/27
..
5,594
5,465
L2410765.UP.FTS.B
,
18
.19
%
,
1/11/27
....
3,757
3,703
L2413233.UP.FTS.B
,
18
.45
%
,
1/11/27
....
1,448
48
L2412345.UP.FTS.B
,
18
.51
%
,
1/11/27
....
1,722
825
L2413035.UP.FTS.B
,
18
.66
%
,
1/11/27
....
1,670
49
FW2406958.UP.FTS.B
,
18
.83
%
,
1/11/27
..
1,194
1,177
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2407160.UP.FTS.B
,
18
.83
%
,
1/11/27
....
$
8,980
$
8,854
L2413429.UP.FTS.B
,
19
.09
%
,
1/11/27
....
221
155
L2412374.UP.FTS.B
,
19
.25
%
,
1/11/27
....
6,238
6,098
FW2410395.UP.FTS.B
,
20
.34
%
,
1/11/27
..
2,610
2,555
FW2412890.UP.FTS.B
,
20
.68
%
,
1/11/27
..
5,295
5,179
FW2410350.UP.FTS.B
,
20
.75
%
,
1/11/27
..
5,456
2,633
L2407644.UP.FTS.B
,
21
.08
%
,
1/11/27
....
2,105
2,059
L2410907.UP.FTS.B
,
21
.6
%
,
1/11/27
.....
1,869
1,829
L2413585.UP.FTS.B
,
22
.13
%
,
1/11/27
....
4,323
4,232
L2413345.UP.FTS.B
,
22
.45
%
,
1/11/27
....
3,259
3,192
FW2412276.UP.FTS.B
,
22
.84
%
,
1/11/27
..
2,428
176
L2410622.UP.FTS.B
,
23
.11
%
,
1/11/27
....
2,584
2,530
FW2412083.UP.FTS.B
,
23
.34
%
,
1/11/27
..
2,481
2,430
L2408703.UP.FTS.B
,
23
.63
%
,
1/11/27
....
3,100
3,036
L2413379.UP.FTS.B
,
24
.03
%
,
1/11/27
....
10,877
10,653
FW2412786.UP.FTS.B
,
24
.26
%
,
1/11/27
..
4,633
4,538
FW2407461.UP.FTS.B
,
25
.01
%
,
1/11/27
..
2,747
2,692
L2407824.UP.FTS.B
,
25
.08
%
,
1/11/27
....
2,254
2,208
L2412631.UP.FTS.B
,
25
.16
%
,
1/11/27
....
50
49
FW2412505.UP.FTS.B
,
25
.22
%
,
1/11/27
..
2,587
2,536
L2406959.UP.FTS.B
,
25
.22
%
,
1/11/27
....
4,819
4,723
L2413560.UP.FTS.B
,
25
.29
%
,
1/11/27
....
1,955
1,916
FW2411982.UP.FTS.B
,
25
.34
%
,
1/11/27
..
2,765
2,710
L2411780.UP.FTS.B
,
25
.37
%
,
1/11/27
....
1,329
1,303
L2409900.UP.FTS.B
,
25
.4
%
,
1/11/27
.....
554
543
L2411491.UP.FTS.B
,
25
.4
%
,
1/11/27
.....
1,115
1,093
L2411973.UP.FTS.B
,
25
.47
%
,
1/11/27
....
717
703
L2411979.UP.FTS.B
,
25
.48
%
,
1/11/27
....
557
546
L2411173.UP.FTS.B
,
25
.49
%
,
1/11/27
....
518
508
L2413595.UP.FTS.B
,
25
.51
%
,
1/11/27
....
1,841
445
FW2412928.UP.FTS.B
,
25
.61
%
,
1/11/27
..
1,106
1,084
L2412410.UP.FTS.B
,
26
.21
%
,
1/11/27
....
4,840
348
FW2411046.UP.FTS.B
,
26
.47
%
,
1/11/27
..
5,009
4,913
L2409231.UP.FTS.B
,
26
.66
%
,
1/11/27
....
2,526
2,477
FW2408955.UP.FTS.B
,
27
.26
%
,
1/11/27
..
1,554
375
FW2412354.UP.FTS.B
,
27
.69
%
,
1/11/27
..
617
89
FW2406988.UP.FTS.B
,
27
.86
%
,
1/11/27
..
2,829
2,775
FW2410159.UP.FTS.B
,
27
.94
%
,
1/11/27
..
2,471
2,424
FW2411293.UP.FTS.B
,
29
.42
%
,
1/11/27
..
919
902
FW2407567.UP.FTS.B
,
29
.43
%
,
1/11/27
..
2,299
2,257
FW2407055.UP.FTS.B
,
29
.46
%
,
1/11/27
..
2,552
2,505
FW2408568.UP.FTS.B
,
29
.5
%
,
1/11/27
...
2,586
2,539
FW2412942.UP.FTS.B
,
30
.18
%
,
1/11/27
..
2,255
2,215
FW2413390.UP.FTS.B
,
30
.33
%
,
1/11/27
..
2,497
2,451
FW2407748.UP.FTS.B
,
30
.43
%
,
1/11/27
..
1,393
1,368
FW2413147.UP.FTS.B
,
30
.55
%
,
1/11/27
..
2,641
635
FW2412502.UP.FTS.B
,
30
.76
%
,
1/11/27
..
8,724
8,569
FW2410401.UP.FTS.B
,
30
.79
%
,
1/11/27
..
770
756
FW2411299.UP.FTS.B
,
30
.92
%
,
1/11/27
..
996
979
FW2392367.UP.FTS.B
,
30
.94
%
,
1/11/27
..
1,306
1,282
FW2411010.UP.FTS.B
,
31
.02
%
,
1/11/27
..
2,627
2,581
FW2409966.UP.FTS.B
,
31
.03
%
,
1/11/27
..
1,924
1,890
FW2407947.UP.FTS.B
,
31
.05
%
,
1/11/27
..
2,224
547
FW2411701.UP.FTS.B
,
31
.06
%
,
1/11/27
..
686
674
FW2411738.UP.FTS.B
,
31
.08
%
,
1/11/27
..
1,031
1,013
FW2413942.UP.FTS.B
,
31
.15
%
,
1/11/27
..
182
178
FW2410271.UP.FTS.B
,
31
.19
%
,
1/11/27
..
1,154
567
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
92
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2411062.UP.FTS.B
,
32
.46
%
,
1/11/27
..
$
4,493
$
658
FW2410751.UP.FTS.B
,
34
.47
%
,
1/11/27
..
2,951
2,854
L2414458.UP.FTS.B
,
5
.96
%
,
1/12/27
....
13,074
12,609
L2414801.UP.FTS.B
,
6
.11
%
,
1/12/27
.....
4,794
4,624
L2419361.UP.FTS.B
,
6
.41
%
,
1/12/27
....
658
634
L2402757.UP.FTS.B
,
6
.51
%
,
1/12/27
....
3,075
2,966
L2416784.UP.FTS.B
,
6
.53
%
,
1/12/27
....
879
848
L2418799.UP.FTS.B
,
6
.56
%
,
1/12/27
....
5,291
5,105
L2417049.UP.FTS.B
,
6
.6
%
,
1/12/27
.....
1,904
1,856
FW2414856.UP.FTS.B
,
6
.64
%
,
1/12/27
...
440
424
L2416695.UP.FTS.B
,
6
.86
%
,
1/12/27
....
1,986
1,917
L2414595.UP.FTS.B
,
7
.05
%
,
1/12/27
....
3,319
3,229
FW2415988.UP.FTS.B
,
7
.29
%
,
1/12/27
...
6,503
6,357
L2410292.UP.FTS.B
,
7
.3
%
,
1/12/27
.....
1,864
1,813
L2417990.UP.FTS.B
,
7
.34
%
,
1/12/27
....
22,209
21,609
L2417199.UP.FTS.B
,
7
.43
%
,
1/12/27
....
19,562
19,049
FW2419541.UP.FTS.B
,
7
.5
%
,
1/12/27
....
6,677
6,497
L2414153.UP.FTS.B
,
7
.51
%
,
1/12/27
....
1,113
1,074
L2417691.UP.FTS.B
,
7
.69
%
,
1/12/27
....
10,108
9,757
L2414031.UP.FTS.B
,
7
.78
%
,
1/12/27
....
8,768
641
L2417969.UP.FTS.B
,
8
.13
%
,
1/12/27
....
3,323
3,234
FW2416734.UP.FTS.B
,
8
.22
%
,
1/12/27
...
1,036
1,018
L2416137.UP.FTS.B
,
8
.26
%
,
1/12/27
....
5,209
667
L2416545.UP.FTS.B
,
9
.07
%
,
1/12/27
....
5,299
5,178
L2418009.UP.FTS.B
,
9
.08
%
,
1/12/27
....
5,456
5,312
L2414926.UP.FTS.B
,
9
.43
%
,
1/12/27
....
14,270
13,898
L2413887.UP.FTS.B
,
9
.49
%
,
1/12/27
....
2,744
2,675
FW2415990.UP.FTS.B
,
9
.9
%
,
1/12/27
....
13,851
13,502
L2414275.UP.FTS.B
,
9
.91
%
,
1/12/27
....
18,385
17,904
L2417012.UP.FTS.B
,
10
.17
%
,
1/12/27
....
923
899
FW2417548.UP.FTS.B
,
10
.24
%
,
1/12/27
..
6,925
6,744
FW2417403.UP.FTS.B
,
10
.31
%
,
1/12/27
..
3,237
3,156
L2415901.UP.FTS.B
,
10
.41
%
,
1/12/27
....
7,405
7,222
L2414718.UP.FTS.B
,
10
.85
%
,
1/12/27
....
1,861
1,815
L2418788.UP.FTS.B
,
10
.88
%
,
1/12/27
....
1,977
1,941
FW2419104.UP.FTS.B
,
11
.58
%
,
1/12/27
..
3,759
3,667
L2415315.UP.FTS.B
,
11
.71
%
,
1/12/27
....
7,223
3,210
L2414779.UP.FTS.B
,
11
.77
%
,
1/12/27
....
1,884
1,838
L2415035.UP.FTS.B
,
12
.36
%
,
1/12/27
....
4,078
3,991
L2419353.UP.FTS.B
,
12
.95
%
,
1/12/27
....
15,584
15,212
L2418973.UP.FTS.B
,
13
.17
%
,
1/12/27
....
10,067
9,827
L2419419.UP.FTS.B
,
13
.25
%
,
1/12/27
....
3,359
3,279
FW2417958.UP.FTS.B
,
14
.2
%
,
1/12/27
...
4,742
1,057
L2414553.UP.FTS.B
,
14
.38
%
,
1/12/27
....
9,915
9,685
L2418826.UP.FTS.B
,
14
.49
%
,
1/12/27
....
1,165
1,147
L2419563.UP.FTS.B
,
14
.64
%
,
1/12/27
....
14,423
14,087
FW2417528.UP.FTS.B
,
14
.86
%
,
1/12/27
..
2,726
358
L2418960.UP.FTS.B
,
15
.54
%
,
1/12/27
....
9,871
9,732
L2416354.UP.FTS.B
,
15
.71
%
,
1/12/27
....
2,470
2,413
FW2418121.UP.FTS.B
,
15
.9
%
,
1/12/27
...
23,337
1,695
L2414253.UP.FTS.B
,
16
.15
%
,
1/12/27
....
3,979
3,924
L2414473.UP.FTS.B
,
16
.4
%
,
1/12/27
....
499
492
L2420474.UP.FTS.B
,
16
.75
%
,
1/12/27
....
7,514
7,344
L2417581.UP.FTS.B
,
17
.27
%
,
1/12/27
....
2,217
2,187
FW2414008.UP.FTS.B
,
17
.55
%
,
1/12/27
..
1,634
1,597
FW2394068.UP.FTS.B
,
18
.18
%
,
1/12/27
..
4,073
3,989
FW2415024.UP.FTS.B
,
19
.94
%
,
1/12/27
..
4,523
4,427
L2418100.UP.FTS.B
,
20
.74
%
,
1/12/27
....
9,493
9,304
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2416916.UP.FTS.B
,
21
.22
%
,
1/12/27
....
$
2,625
$
2,571
L2389418.UP.FTS.B
,
22
.12
%
,
1/12/27
....
3,143
3,080
L2415799.UP.FTS.B
,
22
.22
%
,
1/12/27
....
2,340
2,293
FW2408502.UP.FTS.B
,
22
.28
%
,
1/12/27
..
3,559
1,721
L2416737.UP.FTS.B
,
23
.4
%
,
1/12/27
....
1,459
1,431
FW2416362.UP.FTS.B
,
23
.42
%
,
1/12/27
..
2,702
2,649
L2409743.UP.FTS.B
,
23
.49
%
,
1/12/27
....
6,253
2,720
FW2414282.UP.FTS.B
,
23
.79
%
,
1/12/27
..
1,084
1,063
L2415306.UP.FTS.B
,
24
.21
%
,
1/12/27
....
5,882
5,769
L2418700.UP.FTS.B
,
25
.3
%
,
1/12/27
....
435
428
L2414994.UP.FTS.B
,
25
.32
%
,
1/12/27
....
1,002
652
L2411740.UP.FTS.B
,
25
.36
%
,
1/12/27
....
882
866
L2418717.UP.FTS.B
,
25
.38
%
,
1/12/27
....
1,921
467
L2414777.UP.FTS.B
,
25
.43
%
,
1/12/27
....
756
742
L2417114.UP.FTS.B
,
25
.49
%
,
1/12/27
....
1,058
1,038
L2418684.UP.FTS.B
,
25
.49
%
,
1/12/27
....
1,617
769
FW2418174.UP.FTS.B
,
25
.89
%
,
1/12/27
..
5,453
5,352
L2413654.UP.FTS.B
,
25
.91
%
,
1/12/27
....
3,191
1,521
L2414249.UP.FTS.B
,
26
.35
%
,
1/12/27
....
2,228
2,188
FW2419574.UP.FTS.B
,
26
.43
%
,
1/12/27
..
10,537
10,343
FW2411493.UP.FTS.B
,
28
.18
%
,
1/12/27
..
7,493
7,361
FW2418008.UP.FTS.B
,
28
.88
%
,
1/12/27
..
971
955
FW2418306.UP.FTS.B
,
29
.61
%
,
1/12/27
..
4,031
3,963
FW2415348.UP.FTS.B
,
30
.45
%
,
1/12/27
..
12,070
11,869
FW2419466.UP.FTS.B
,
30
.59
%
,
1/12/27
..
3,349
831
FW2417562.UP.FTS.B
,
30
.84
%
,
1/12/27
..
582
573
FW2418392.UP.FTS.B
,
30
.87
%
,
1/12/27
..
1,250
1,229
FW2416140.UP.FTS.B
,
30
.99
%
,
1/12/27
..
1,283
1,262
FW2417415.UP.FTS.B
,
31
.03
%
,
1/12/27
..
1,226
88
FW2414984.UP.FTS.B
,
31
.12
%
,
1/12/27
..
1,632
1,605
FW2419527.UP.FTS.B
,
33
.12
%
,
1/12/27
..
764
752
L2419307.UP.FTS.B
,
7
.34
%
,
1/15/27
....
18,094
17,467
L2410860.UP.FTS.B
,
23
.88
%
,
1/15/27
....
3,443
3,375
FW2418617.UP.FTS.B
,
25
.69
%
,
1/15/27
..
7,060
6,927
L2418737.UP.FTS.B
,
5
.93
%
,
1/16/27
....
1,744
1,682
L2410494.UP.FTS.B
,
17
.56
%
,
1/16/27
....
10,183
10,034
FW2415097.UP.FTS.B
,
23
.87
%
,
1/16/27
..
568
558
L2408655.UP.FTS.B
,
5
.7
%
,
1/26/27
.....
9,546
9,201
L2412142.UP.FTS.B
,
8
.74
%
,
1/26/27
....
8,026
7,811
L2415942.UP.FTS.B
,
10
.21
%
,
1/26/27
....
6,923
6,743
L2417088.UP.FTS.B
,
15
.78
%
,
1/27/27
....
3,958
3,899
FW1709115.UP.FTS.B
,
20
.14
%
,
2/14/27
..
3,377
3,313
L1709217.UP.FTS.B
,
25
.78
%
,
2/14/27
....
15,865
15,619
FW1710725.UP.FTS.B
,
30
.72
%
,
2/14/27
..
1,734
459
L2632551.UP.FTS.B
,
5
.37
%
,
2/15/27
....
5,392
5,194
L2632779.UP.FTS.B
,
5
.63
%
,
2/15/27
....
3,155
3,040
L2630774.UP.FTS.B
,
8
.69
%
,
2/15/27
....
1,878
1,811
L2635638.UP.FTS.B
,
9
.41
%
,
2/15/27
....
4,109
4,009
L2631278.UP.FTS.B
,
9
.42
%
,
2/15/27
....
2,369
2,306
FW2633029.UP.FTS.B
,
9
.57
%
,
2/15/27
...
712
693
FW2633295.UP.FTS.B
,
9
.71
%
,
2/15/27
...
10,751
782
FW2635362.UP.FTS.B
,
9
.75
%
,
2/15/27
...
6,720
485
L2633022.UP.FTS.B
,
9
.86
%
,
2/15/27
....
7,136
6,947
FW2635247.UP.FTS.B
,
10
.37
%
,
2/15/27
..
4,088
3,984
L2632143.UP.FTS.B
,
10
.83
%
,
2/15/27
....
2,431
2,377
L2632232.UP.FTS.B
,
11
.83
%
,
2/15/27
....
3,135
3,070
L2633836.UP.FTS.B
,
12
%
,
2/15/27
......
5,464
3,323
L2630147.UP.FTS.B
,
12
.15
%
,
2/15/27
....
19,611
19,124
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
93
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2635861.UP.FTS.B
,
12
.41
%
,
2/15/27
....
$
4,180
$
4,077
L2637042.UP.FTS.B
,
13
.14
%
,
2/15/27
....
3,971
3,874
L2631332.UP.FTS.B
,
13
.22
%
,
2/15/27
....
2,484
2,423
FW2633237.UP.FTS.B
,
13
.24
%
,
2/15/27
..
1,988
1,939
L2631964.UP.FTS.B
,
14
%
,
2/15/27
......
3,665
3,577
L2632724.UP.FTS.B
,
14
.48
%
,
2/15/27
....
2,571
2,510
L2637603.UP.FTS.B
,
14
.83
%
,
2/15/27
....
3,232
3,155
FW2631558.UP.FTS.B
,
15
.18
%
,
2/15/27
..
7,626
7,444
L2635221.UP.FTS.B
,
15
.45
%
,
2/15/27
....
3,775
3,685
FW2633986.UP.FTS.B
,
15
.46
%
,
2/15/27
..
13,330
8,099
FW2631951.UP.FTS.B
,
15
.91
%
,
2/15/27
..
4,692
2,923
FW2634727.UP.FTS.B
,
16
.18
%
,
2/15/27
..
3,396
3,348
L2635424.UP.FTS.B
,
16
.37
%
,
2/15/27
....
20,623
20,331
L2630011.UP.FTS.B
,
16
.96
%
,
2/15/27
....
2,596
2,536
FW2635945.UP.FTS.B
,
17
.32
%
,
2/15/27
..
2,866
2,806
FW2635531.UP.FTS.B
,
18
.53
%
,
2/15/27
..
6,234
6,149
FW2632933.UP.FTS.B
,
18
.59
%
,
2/15/27
..
5,287
5,216
L2635013.UP.FTS.B
,
20
.25
%
,
2/15/27
....
3,048
2,988
L2633648.UP.FTS.B
,
20
.29
%
,
2/15/27
....
5,438
5,366
L2632212.UP.FTS.B
,
21
.09
%
,
2/15/27
....
2,152
2,110
FW2631142.UP.FTS.B
,
21
.84
%
,
2/15/27
..
1,716
1,682
L2636740.UP.FTS.B
,
22
.15
%
,
2/15/27
....
550
539
L2633500.UP.FTS.B
,
22
.28
%
,
2/15/27
....
2,759
2,707
FW2633249.UP.FTS.B
,
23
.49
%
,
2/15/27
..
3,138
2,026
L2629665.UP.FTS.B
,
24
.47
%
,
2/15/27
....
4,051
2,625
FW2634252.UP.FTS.B
,
24
.49
%
,
2/15/27
..
3,610
3,544
L2634268.UP.FTS.B
,
25
.05
%
,
2/15/27
....
1,278
1,255
FW2635941.UP.FTS.B
,
25
.09
%
,
2/15/27
..
2,594
2,547
L2634539.UP.FTS.B
,
25
.3
%
,
2/15/27
....
630
619
L2632154.UP.FTS.B
,
25
.31
%
,
2/15/27
....
13,343
13,102
L2636370.UP.FTS.B
,
25
.4
%
,
2/15/27
....
1,704
1,674
L2631893.UP.FTS.B
,
25
.41
%
,
2/15/27
....
2,021
1,984
L2634591.UP.FTS.B
,
25
.45
%
,
2/15/27
....
625
614
FW2631141.UP.FTS.B
,
25
.72
%
,
2/15/27
..
7,485
7,352
L2634677.UP.FTS.B
,
25
.78
%
,
2/15/27
....
2,282
2,241
L2636195.UP.FTS.B
,
25
.92
%
,
2/15/27
....
8,567
8,415
L2635199.UP.FTS.B
,
26
.23
%
,
2/15/27
....
3,609
3,545
FW2635628.UP.FTS.B
,
26
.36
%
,
2/15/27
..
1,585
386
FW2634760.UP.FTS.B
,
26
.38
%
,
2/15/27
..
3,384
3,325
L2635219.UP.FTS.B
,
26
.59
%
,
2/15/27
....
2,626
385
FW2637086.UP.FTS.B
,
26
.68
%
,
2/15/27
..
1,899
1,866
FW2632183.UP.FTS.B
,
27
.72
%
,
2/15/27
..
4,070
4,001
FW2634627.UP.FTS.B
,
28
.11
%
,
2/15/27
..
3,800
559
FW2634087.UP.FTS.B
,
29
.37
%
,
2/15/27
..
2,067
2,034
FW2632506.UP.FTS.B
,
29
.8
%
,
2/15/27
...
2,677
2,633
FW2631008.UP.FTS.B
,
30
.31
%
,
2/15/27
..
24
24
FW2636372.UP.FTS.B
,
30
.35
%
,
2/15/27
..
3,575
3,518
FW2632070.UP.FTS.B
,
30
.58
%
,
2/15/27
..
1,899
1,869
FW2631494.UP.FTS.B
,
30
.85
%
,
2/15/27
..
2,952
443
FW2629864.UP.FTS.B
,
30
.9
%
,
2/15/27
...
1,433
933
FW2631968.UP.FTS.B
,
30
.98
%
,
2/15/27
..
3,592
3,535
FW2633314.UP.FTS.B
,
31
.08
%
,
2/15/27
..
531
523
FW2633604.UP.FTS.B
,
31
.13
%
,
2/15/27
..
1,562
1,538
FW2637089.UP.FTS.B
,
31
.23
%
,
2/15/27
..
5,044
4,966
L2640422.UP.FTS.B
,
7
.19
%
,
2/16/27
....
2,743
2,669
L2644170.UP.FTS.B
,
8
.74
%
,
2/16/27
....
12,915
12,572
L2644467.UP.FTS.B
,
8
.99
%
,
2/16/27
....
529
521
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2641249.UP.FTS.B
,
9
.09
%
,
2/16/27
....
$
6,936
$
6,752
FW2640044.UP.FTS.B
,
9
.77
%
,
2/16/27
...
2,744
2,673
FW2639996.UP.FTS.B
,
9
.85
%
,
2/16/27
...
2,616
2,560
L2628258.UP.FTS.B
,
10
.4
%
,
2/16/27
....
7,816
7,621
L2639939.UP.FTS.B
,
10
.73
%
,
2/16/27
....
6,957
6,784
L2642462.UP.FTS.B
,
10
.86
%
,
2/16/27
....
3,967
288
L2640107.UP.FTS.B
,
11
.57
%
,
2/16/27
....
5,209
5,082
L2642580.UP.FTS.B
,
11
.66
%
,
2/16/27
....
1,705
1,664
FW2644262.UP.FTS.B
,
11
.83
%
,
2/16/27
..
5,394
704
L2642829.UP.FTS.B
,
11
.96
%
,
2/16/27
....
10,468
10,213
L2643133.UP.FTS.B
,
12
.13
%
,
2/16/27
....
5,298
5,170
L2640589.UP.FTS.B
,
12
.31
%
,
2/16/27
....
24,559
23,965
L2637999.UP.FTS.B
,
12
.45
%
,
2/16/27
....
5,509
5,376
FW2641042.UP.FTS.B
,
12
.73
%
,
2/16/27
..
592
43
L2639543.UP.FTS.B
,
14
.06
%
,
2/16/27
....
5,018
4,900
L2637807.UP.FTS.B
,
14
.59
%
,
2/16/27
....
7,481
7,307
L2643572.UP.FTS.B
,
14
.72
%
,
2/16/27
....
1,012
988
FW2640160.UP.FTS.B
,
14
.88
%
,
2/16/27
..
11,654
11,383
L2643245.UP.FTS.B
,
15
.83
%
,
2/16/27
....
11,118
10,863
L2642945.UP.FTS.B
,
15
.91
%
,
2/16/27
....
769
751
FW2637690.UP.FTS.B
,
16
.3
%
,
2/16/27
...
3,361
3,284
FW2643607.UP.FTS.B
,
16
.31
%
,
2/16/27
..
25,755
25,414
FW2638305.UP.FTS.B
,
16
.48
%
,
2/16/27
..
5,569
5,493
L2639711.UP.FTS.B
,
16
.7
%
,
2/16/27
.....
828
817
L2641429.UP.FTS.B
,
17
.81
%
,
2/16/27
....
6,813
6,726
L2641792.UP.FTS.B
,
17
.85
%
,
2/16/27
....
2,639
2,580
FW2641155.UP.FTS.B
,
18
.14
%
,
2/16/27
..
3,467
253
L2638277.UP.FTS.B
,
18
.32
%
,
2/16/27
....
2,641
2,606
L2640102.UP.FTS.B
,
19
.59
%
,
2/16/27
....
13,365
13,201
L2644725.UP.FTS.B
,
19
.78
%
,
2/16/27
....
5,120
5,022
L2639587.UP.FTS.B
,
20
.1
%
,
2/16/27
....
2,150
2,109
FW2640938.UP.FTS.B
,
20
.16
%
,
2/16/27
..
5,866
5,754
L2643431.UP.FTS.B
,
20
.38
%
,
2/16/27
....
8,065
5,068
FW2639130.UP.FTS.B
,
21
.01
%
,
2/16/27
..
2,171
2,131
FW2638136.UP.FTS.B
,
21
.78
%
,
2/16/27
..
4,382
4,302
L2641584.UP.FTS.B
,
21
.92
%
,
2/16/27
....
28,961
18,226
L2631819.UP.FTS.B
,
22
.11
%
,
2/16/27
....
14,211
13,954
L2637903.UP.FTS.B
,
22
.13
%
,
2/16/27
....
6,495
6,376
FW2640578.UP.FTS.B
,
22
.42
%
,
2/16/27
..
472
463
L2639752.UP.FTS.B
,
22
.85
%
,
2/16/27
....
27,679
27,174
L2644478.UP.FTS.B
,
23
.24
%
,
2/16/27
....
11,552
7,456
FW2641930.UP.FTS.B
,
23
.25
%
,
2/16/27
..
5,769
5,664
FW2639691.UP.FTS.B
,
23
.69
%
,
2/16/27
..
10,163
9,986
FW2643737.UP.FTS.B
,
23
.79
%
,
2/16/27
..
8,713
8,560
L2644184.UP.FTS.B
,
24
.14
%
,
2/16/27
....
5,426
1,210
L2638887.UP.FTS.B
,
24
.84
%
,
2/16/27
....
1,130
1,111
L2642235.UP.FTS.B
,
24
.97
%
,
2/16/27
....
854
840
FW2642257.UP.FTS.B
,
25
.15
%
,
2/16/27
..
5,641
5,547
L2642246.UP.FTS.B
,
25
.42
%
,
2/16/27
....
1,398
22
L2644251.UP.FTS.B
,
25
.49
%
,
2/16/27
....
689
677
L2643938.UP.FTS.B
,
25
.5
%
,
2/16/27
....
884
574
L2638678.UP.FTS.B
,
25
.84
%
,
2/16/27
....
5,242
5,156
L2640846.UP.FTS.B
,
26
.29
%
,
2/16/27
....
14,339
14,107
FW2641067.UP.FTS.B
,
27
.08
%
,
2/16/27
..
3,999
3,936
FW2638017.UP.FTS.B
,
27
.09
%
,
2/16/27
..
4,969
4,891
FW2636711.UP.FTS.B
,
27
.4
%
,
2/16/27
...
5,831
5,743
FW2644630.UP.FTS.B
,
28
.55
%
,
2/16/27
..
6,145
3,978
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
94
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2642505.UP.FTS.B
,
29
.14
%
,
2/16/27
..
$
1,373
$
98
FW2638733.UP.FTS.B
,
29
.69
%
,
2/16/27
..
2,761
410
FW2639696.UP.FTS.B
,
30
.14
%
,
2/16/27
..
595
586
FW2640894.UP.FTS.B
,
30
.14
%
,
2/16/27
..
16,177
15,945
FW2639097.UP.FTS.B
,
30
.54
%
,
2/16/27
..
675
8
FW2644847.UP.FTS.B
,
30
.77
%
,
2/16/27
..
745
734
FW2643800.UP.FTS.B
,
31
.1
%
,
2/16/27
...
530
521
FW2638255.UP.FTS.B
,
31
.12
%
,
2/16/27
..
758
746
FW2641269.UP.FTS.B
,
31
.13
%
,
2/16/27
..
7,585
1,132
FW2642792.UP.FTS.B
,
31
.15
%
,
2/16/27
..
709
699
FW2639361.UP.FTS.B
,
31
.17
%
,
2/16/27
..
840
828
FW2638060.UP.FTS.B
,
31
.21
%
,
2/16/27
..
1,563
1,541
FW2645630.UP.FTS.B
,
12
.87
%
,
2/17/27
..
6,199
6,053
L2644980.UP.FTS.B
,
12
.95
%
,
2/17/27
....
922
901
L2645342.UP.FTS.B
,
13
.93
%
,
2/17/27
....
14,944
14,594
FW2645588.UP.FTS.B
,
15
.61
%
,
2/17/27
..
1,994
1,968
FW2645675.UP.FTS.B
,
15
.8
%
,
2/17/27
...
13,931
13,748
L2641861.UP.FTS.B
,
16
.53
%
,
2/17/27
....
10,545
7,656
FW2645832.UP.FTS.B
,
18
.88
%
,
2/17/27
..
7,970
7,874
L2645010.UP.FTS.B
,
20
.52
%
,
2/17/27
....
5,993
5,883
FW2642053.UP.FTS.B
,
21
.61
%
,
2/17/27
..
2,299
2,258
L2645135.UP.FTS.B
,
21
.7
%
,
2/17/27
....
1,204
1,182
L2645378.UP.FTS.B
,
22
.72
%
,
2/17/27
....
3,225
81
L2645573.UP.FTS.B
,
22
.94
%
,
2/17/27
....
1,272
48
L2645131.UP.FTS.B
,
25
.45
%
,
2/17/27
....
769
756
FW2645900.UP.FTS.B
,
26
.25
%
,
2/17/27
..
1,146
1,128
FW2645571.UP.FTS.B
,
26
.48
%
,
2/17/27
..
2,298
2,262
FW2644973.UP.FTS.B
,
28
.39
%
,
2/17/27
..
4,985
4,910
FW2645842.UP.FTS.B
,
30
.86
%
,
2/17/27
..
1,825
1,800
L2633374.UP.FTS.B
,
7
.21
%
,
2/18/27
....
8,755
8,443
FW2639867.UP.FTS.B
,
26
.3
%
,
2/19/27
...
1,168
1,149
FW2642963.UP.FTS.B
,
25
.88
%
,
2/21/27
..
2,741
2,696
L2642691.UP.FTS.B
,
8
.69
%
,
2/23/27
....
15,442
15,032
L2644708.UP.FTS.B
,
25
.19
%
,
2/25/27
....
2,628
2,586
L2633588.UP.FTS.B
,
6
.56
%
,
2/28/27
....
15,098
14,555
FW2636201.UP.FTS.B
,
12
.12
%
,
2/28/27
..
3,447
3,361
L2633254.UP.FTS.B
,
24
.29
%
,
2/28/27
....
12,374
12,141
L2643974.UP.FTS.B
,
25
.5
%
,
2/28/27
....
2,078
2,046
FW2644598.UP.FTS.B
,
29
.38
%
,
3/01/27
..
6,689
6,595
L2645397.UP.FTS.B
,
26
.19
%
,
3/13/27
....
1,518
1,497
L1874238.UP.FTS.B
,
17
.32
%
,
3/18/27
....
2,704
2,651
L1872381.UP.FTS.B
,
22
.4
%
,
3/18/27
....
1,671
243
L1873877.UP.FTS.B
,
25
.05
%
,
3/18/27
....
2,822
2,779
FW1873950.UP.FTS.B
,
28
.68
%
,
3/18/27
..
1,441
104
FW1874435.UP.FTS.B
,
31
.05
%
,
3/18/27
..
1,085
724
FW1872975.UP.FTS.B
,
32
.03
%
,
3/18/27
..
1,775
1,719
L1873977.UP.FTS.B
,
12
.66
%
,
3/23/27
....
6,331
6,172
L1874548.UP.FTS.B
,
26
.04
%
,
3/26/27
....
4,079
4,024
L1873528.UP.FTS.B
,
25
.71
%
,
3/28/27
....
4,527
4,460
FW1874302.UP.FTS.B
,
13
.81
%
,
4/02/27
..
26,379
25,716
FW1873464.UP.FTS.B
,
22
.91
%
,
4/03/27
..
1,750
1,720
L1947969.UP.FTS.B
,
8
.25
%
,
4/09/27
....
1,451
1,412
L1991534.UP.FTS.B
,
12
.48
%
,
4/09/27
....
3,013
2,944
L2006384.UP.FTS.B
,
18
.95
%
,
4/09/27
....
8,061
1,706
L2004674.UP.FTS.B
,
22
.44
%
,
4/09/27
....
5,302
1,253
L2006933.UP.FTS.B
,
23
.7
%
,
4/09/27
....
3,531
3,476
L2006560.UP.FTS.B
,
24
.67
%
,
4/09/27
....
4,968
4,884
L2008993.UP.FTS.B
,
25
.21
%
,
4/09/27
....
6,548
6,435
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2007255.UP.FTS.B
,
28
.65
%
,
4/09/27
..
$
3,791
$
3,730
FW2009107.UP.FTS.B
,
29
.81
%
,
4/09/27
..
2,235
2,198
FW2007277.UP.FTS.B
,
30
.98
%
,
4/09/27
..
751
179
FW2008461.UP.FTS.B
,
31
.23
%
,
4/09/27
..
1,051
1,031
L2009664.UP.FTS.B
,
25
.29
%
,
4/10/27
....
999
982
L2009332.UP.FTS.B
,
18
.58
%
,
4/15/27
....
1,656
1,621
L2078117.UP.FTS.B
,
17
.47
%
,
4/19/27
....
2,197
2,144
L2079526.UP.FTS.B
,
17
.98
%
,
4/19/27
....
1,863
1,825
L2080091.UP.FTS.B
,
20
.35
%
,
4/19/27
....
1,452
1,434
L2076557.UP.FTS.B
,
21
.86
%
,
4/19/27
....
16,575
16,348
L2078089.UP.FTS.B
,
22
.76
%
,
4/19/27
....
12,320
12,116
FW2078029.UP.FTS.B
,
23
.15
%
,
4/19/27
..
2,910
1,847
FW2077484.UP.FTS.B
,
23
.29
%
,
4/19/27
..
10,566
6,695
L2075052.UP.FTS.B
,
25
.99
%
,
4/19/27
....
3,114
1,991
FW2076494.UP.FTS.B
,
27
.89
%
,
4/19/27
..
3,699
3,657
FW2076836.UP.FTS.B
,
31
.47
%
,
4/19/27
..
5,371
5,309
L2005313.UP.FTS.B
,
17
.04
%
,
4/20/27
....
32,191
31,725
FW2009466.UP.FTS.B
,
29
.96
%
,
4/24/27
..
1,332
854
FW2079511.UP.FTS.B
,
9
.94
%
,
5/01/27
...
4,209
288
L2199199.UP.FTS.B
,
10
.28
%
,
5/07/27
....
5,339
297
L2197172.UP.FTS.B
,
11
.42
%
,
5/07/27
....
5,458
397
FW2195774.UP.FTS.B
,
11
.53
%
,
5/07/27
..
20,040
19,504
L2196542.UP.FTS.B
,
14
.21
%
,
5/07/27
....
5,001
4,877
FW2198673.UP.FTS.B
,
15
.71
%
,
5/07/27
..
13,854
5,788
L2199844.UP.FTS.B
,
16
.94
%
,
5/07/27
....
5,959
5,804
L2197174.UP.FTS.B
,
17
.08
%
,
5/07/27
....
8,462
8,315
L2200120.UP.FTS.B
,
19
.52
%
,
5/07/27
....
8,413
613
FW2198237.UP.FTS.B
,
21
.87
%
,
5/07/27
..
3,441
251
L2185222.UP.FTS.B
,
23
.13
%
,
5/07/27
....
3,946
545
L2197891.UP.FTS.B
,
23
.8
%
,
5/07/27
....
2,199
2,151
FW2195703.UP.FTS.B
,
24
.25
%
,
5/07/27
..
1,079
1,055
L2199876.UP.FTS.B
,
25
.33
%
,
5/07/27
....
993
130
L2199661.UP.FTS.B
,
25
.4
%
,
5/07/27
....
2,012
146
FW2198564.UP.FTS.B
,
27
.96
%
,
5/07/27
..
3,068
3,016
FW2197220.UP.FTS.B
,
29
.81
%
,
5/07/27
..
1,751
1,725
FW2196279.UP.FTS.B
,
31
.01
%
,
5/07/27
..
2,313
2,274
FW2199111.UP.FTS.B
,
31
.05
%
,
5/07/27
..
1,374
97
L2203856.UP.FTS.B
,
13
.82
%
,
5/08/27
....
15,973
15,554
L2205206.UP.FTS.B
,
15
.97
%
,
5/08/27
....
18,695
18,404
L2205436.UP.FTS.B
,
16
.02
%
,
5/08/27
....
15,708
15,426
L2201272.UP.FTS.B
,
16
.5
%
,
5/08/27
....
2,736
2,666
L2205691.UP.FTS.B
,
16
.93
%
,
5/08/27
....
25,682
25,217
L2204805.UP.FTS.B
,
19
.42
%
,
5/08/27
....
5,764
5,636
L2203740.UP.FTS.B
,
19
.62
%
,
5/08/27
....
1,394
1,364
FW2202220.UP.FTS.B
,
20
.45
%
,
5/08/27
..
12,651
12,405
L2198053.UP.FTS.B
,
20
.47
%
,
5/08/27
....
2,287
991
L2201398.UP.FTS.B
,
22
.49
%
,
5/08/27
....
8,286
8,134
L2202315.UP.FTS.B
,
23
.12
%
,
5/08/27
....
2,754
200
L2204624.UP.FTS.B
,
23
.54
%
,
5/08/27
....
15,890
7,131
L2204118.UP.FTS.B
,
23
.56
%
,
5/08/27
....
10,578
10,379
L2169986.UP.FTS.B
,
24
.03
%
,
5/08/27
....
8,973
8,797
FW2202542.UP.FTS.B
,
24
.64
%
,
5/08/27
..
3,605
3,555
FW2201944.UP.FTS.B
,
25
.52
%
,
5/08/27
..
4,064
1,827
FW2200444.UP.FTS.B
,
31
.21
%
,
5/08/27
..
3,070
220
L2195192.UP.FTS.B
,
17
.22
%
,
5/15/27
....
2,181
2,146
L2197038.UP.FTS.B
,
12
.26
%
,
5/16/27
....
2,064
2,007
FW2198942.UP.FTS.B
,
24
.77
%
,
5/18/27
..
11,595
7,303
FW2195399.UP.FTS.B
,
29
.81
%
,
5/22/27
..
1,387
1,359
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
95
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2203741.UP.FTS.B
,
7
.33
%
,
5/23/27
....
$
8,732
$
8,493
FW2199867.UP.FTS.B
,
13
.82
%
,
5/23/27
..
9,756
5,778
FW2206855.UP.FTS.B
,
19
.38
%
,
5/23/27
..
2,779
1,688
L2204897.UP.FTS.B
,
23
.87
%
,
5/23/27
....
16,309
9,968
FW2204874.UP.FTS.B
,
17
.03
%
,
6/07/27
..
6,131
5,998
L2412468.UP.FTS.B
,
7
.67
%
,
6/11/27
.....
25,923
9,911
L2412559.UP.FTS.B
,
7
.83
%
,
6/11/27
.....
2,241
2,183
L2412874.UP.FTS.B
,
8
.03
%
,
6/11/27
.....
3,607
3,507
L2412901.UP.FTS.B
,
8
.44
%
,
6/11/27
.....
7,803
7,590
L2408318.UP.FTS.B
,
10
.27
%
,
6/11/27
....
2,342
2,278
L2413229.UP.FTS.B
,
11
.26
%
,
6/11/27
....
9,158
8,914
L2410725.UP.FTS.B
,
15
.84
%
,
6/11/27
....
11,245
10,949
FW2407472.UP.FTS.B
,
18
.08
%
,
6/11/27
..
16,090
6,450
L2402977.UP.FTS.B
,
20
.95
%
,
6/11/27
....
1,005
532
FW2406392.UP.FTS.B
,
23
.41
%
,
6/11/27
..
7,175
7,075
L2413373.UP.FTS.B
,
23
.72
%
,
6/11/27
....
22,472
22,145
FW2409812.UP.FTS.B
,
24
.81
%
,
6/11/27
..
2,131
2,098
FW2410079.UP.FTS.B
,
25
.81
%
,
6/11/27
..
2,581
154
FW2411228.UP.FTS.B
,
26
.37
%
,
6/11/27
..
2,670
2,628
L2407955.UP.FTS.B
,
27
%
,
6/11/27
......
6,555
1,481
FW2413018.UP.FTS.B
,
30
.69
%
,
6/11/27
..
572
562
FW2411177.UP.FTS.B
,
31
.23
%
,
6/11/27
..
2,494
1,141
L2417948.UP.FTS.B
,
8
.36
%
,
6/12/27
....
567
552
L2415490.UP.FTS.B
,
12
.71
%
,
6/12/27
....
8,769
8,536
L2419336.UP.FTS.B
,
14
.72
%
,
6/12/27
....
11,527
11,223
FW2417755.UP.FTS.B
,
18
.05
%
,
6/12/27
..
11,166
4,694
L2415568.UP.FTS.B
,
19
.57
%
,
6/12/27
....
784
770
L2415810.UP.FTS.B
,
22
.13
%
,
6/12/27
....
2,971
2,916
L2418697.UP.FTS.B
,
22
.86
%
,
6/12/27
....
2,806
2,754
L2417411.UP.FTS.B
,
24
%
,
6/12/27
......
8,041
3,569
FW2415078.UP.FTS.B
,
25
.67
%
,
6/12/27
..
2,537
2,498
FW2414026.UP.FTS.B
,
30
.61
%
,
6/12/27
..
762
753
FW2418950.UP.FTS.B
,
30
.94
%
,
6/12/27
..
1,394
212
FW2418092.UP.FTS.B
,
30
.98
%
,
6/12/27
..
990
979
FW2420156.UP.FTS.B
,
31
.98
%
,
6/12/27
..
2,447
2,429
L2412701.UP.FTS.B
,
25
.09
%
,
6/15/27
....
681
666
FW2411936.UP.FTS.B
,
13
.61
%
,
6/26/27
..
4,304
4,190
L1711759.UP.FTS.B
,
15
.35
%
,
7/14/27
....
4,686
4,621
L2633603.UP.FTS.B
,
8
.38
%
,
7/15/27
....
12,100
878
L2637476.UP.FTS.B
,
21
.48
%
,
7/15/27
....
6,584
4,047
L2632041.UP.FTS.B
,
23
.26
%
,
7/15/27
....
7,699
1,654
L2633167.UP.FTS.B
,
24
.54
%
,
7/15/27
....
3,946
3,880
L2605748.UP.FTS.B
,
25
.45
%
,
7/15/27
....
1,210
755
FW2634310.UP.FTS.B
,
27
.59
%
,
7/15/27
..
4,942
4,873
FW2634423.UP.FTS.B
,
28
.99
%
,
7/15/27
..
17,030
16,869
L2638227.UP.FTS.B
,
10
.2
%
,
7/16/27
....
9,315
9,073
FW2639288.UP.FTS.B
,
14
.3
%
,
7/16/27
...
9,158
8,920
FW2637881.UP.FTS.B
,
14
.54
%
,
7/16/27
..
3,417
3,328
L2644502.UP.FTS.B
,
15
.74
%
,
7/16/27
....
9,751
9,538
L2640734.UP.FTS.B
,
17
.15
%
,
7/16/27
....
32,393
4,253
L2631654.UP.FTS.B
,
20
.62
%
,
7/16/27
....
13,931
13,696
L2639355.UP.FTS.B
,
21
.49
%
,
7/16/27
....
2,436
1,486
FW2640017.UP.FTS.B
,
23
.28
%
,
7/16/27
..
29,889
29,382
L2645113.UP.FTS.B
,
10
.21
%
,
7/17/27
....
4,557
4,433
L2642277.UP.FTS.B
,
22
.82
%
,
7/17/27
....
3,965
3,898
FW2645472.UP.FTS.B
,
26
.31
%
,
7/17/27
..
11,265
11,122
FW2632915.UP.FTS.B
,
24
.46
%
,
7/20/27
..
9,698
9,541
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2644628.UP.FTS.B
,
30
.88
%
,
7/24/27
..
$
1,150
$
1,142
L2631220.UP.FTS.B
,
25
.21
%
,
7/28/27
....
2,142
306
L2009631.UP.FTS.B
,
16
.91
%
,
9/09/27
....
3,819
3,759
L2004813.UP.FTS.B
,
23
.68
%
,
9/09/27
....
3,654
3,585
FW2007802.UP.FTS.B
,
23
.93
%
,
9/09/27
..
22,244
21,761
FW2079138.UP.FTS.B
,
24
.71
%
,
9/19/27
..
9,988
716
FW2077874.UP.FTS.B
,
30
.42
%
,
9/19/27
..
4,705
4,653
L2004302.UP.FTS.B
,
21
.93
%
,
9/24/27
....
2,216
1,338
FW2005949.UP.FTS.B
,
25
.57
%
,
9/24/27
..
4,776
4,677
FW2199121.UP.FTS.B
,
15
.58
%
,
10/07/27
.
13,611
2,551
FW2199624.UP.FTS.B
,
25
.75
%
,
10/07/27
.
8,490
617
L2202159.UP.FTS.B
,
13
.54
%
,
10/08/27
...
14,233
13,875
FW2202576.UP.FTS.B
,
22
.89
%
,
10/08/27
.
7,058
257
L2201626.UP.FTS.B
,
25
.65
%
,
10/08/27
...
4,050
3,972
L2206615.UP.FTS.B
,
25
.87
%
,
10/08/27
...
12,341
5,137
FW2202975.UP.FTS.B
,
30
.2
%
,
10/08/27
..
2,881
2,838
FW2205386.UP.FTS.B
,
30
.87
%
,
10/08/27
.
7,395
1,042
L2200600.UP.FTS.B
,
11
.71
%
,
10/23/27
...
2,801
1,655
L2410681.UP.FTS.B
,
14
.74
%
,
11/11/27
...
1,444
104
L2413593.UP.FTS.B
,
23
.06
%
,
11/11/27
...
5,852
5,711
FW2410499.UP.FTS.B
,
31
.67
%
,
11/11/27
.
1,110
1,091
L2414318.UP.FTS.B
,
8
.81
%
,
11/12/27
....
9,624
1,205
L2416327.UP.FTS.B
,
17
.17
%
,
11/12/27
...
15,966
5,993
FW2415964.UP.FTS.B
,
31
.16
%
,
11/12/27
.
847
396
L2644100.UP.FTS.B
,
5
.16
%
,
12/16/27
....
2,487
2,405
L2638486.UP.FTS.B
,
25
.48
%
,
12/16/27
...
6,365
6,270
FW2643411.UP.FTS.B
,
29
.58
%
,
12/16/27
.
4,072
3,993
L1710242.UP.FTS.B
,
16
.42
%
,
9/14/28
....
1,956
1,904
L1973640.UP.FTS.B
,
20
.1
%
,
11/09/28
....
7,384
7,194
L2009558.UP.FTS.B
,
26
.34
%
,
11/09/28
...
13,081
12,950
L2195991.UP.FTS.B
,
26
.01
%
,
12/07/28
...
6,879
6,801
L2197007.UP.FTS.B
,
26
.07
%
,
12/07/28
...
2,049
250
L2204377.UP.FTS.B
,
25
.94
%
,
12/08/28
...
3,347
3,266
L2635238.UP.FTS.B
,
13
.81
%
,
2/15/29
....
10,400
10,132
L2631621.UP.FTS.B
,
15
.64
%
,
2/15/29
....
15,250
14,773
L2633434.UP.FTS.B
,
17
.36
%
,
2/15/29
....
3,313
3,236
L2634808.UP.FTS.B
,
26
.03
%
,
2/15/29
....
1,572
870
L2637431.UP.FTS.B
,
26
.27
%
,
7/15/29
....
6,563
474
L2633894.UP.FTS.B
,
26
.42
%
,
7/15/29
....
4,016
3,828
L1872932.UP.FTS.B
,
21
.9
%
,
10/18/34
....
1,806
131
L2008874.UP.FTS.B
,
20
.27
%
,
11/09/34
...
685
11
FW2195888.UP.FTS.B
,
24
.84
%
,
12/07/34
.
16
–
FW2204026.UP.FTS.B
,
28
.52
%
,
12/08/34
.
1,550
113
FW2203151.UP.FTS.B
,
21
.13
%
,
12/22/34
.
157
115
FW2408203.UP.FTS.B
,
8
.04
%
,
1/11/35
...
279
82
L2412008.UP.FTS.B
,
8
.58
%
,
1/11/35
.....
1
1
FW2412135.UP.FTS.B
,
10
.19
%
,
1/11/35
..
197
56
L2411555.UP.FTS.B
,
10
.32
%
,
1/11/35
....
149
140
L2411442.UP.FTS.B
,
17
.42
%
,
1/11/35
....
767
709
L2412538.UP.FTS.B
,
23
.48
%
,
1/12/35
....
362
212
FW2416686.UP.FTS.B
,
24
.84
%
,
1/12/35
..
120
109
L1711024.UP.FTS.B
,
12
.98
%
,
2/14/35
....
105
103
L1710277.UP.FTS.B
,
18
.02
%
,
2/14/35
....
3,624
261
L2631679.UP.FTS.B
,
6
.61
%
,
2/15/35
....
146
144
L2632890.UP.FTS.B
,
6
.77
%
,
2/15/35
....
294
291
L2634175.UP.FTS.B
,
6
.95
%
,
2/15/35
....
554
530
L2636760.UP.FTS.B
,
15
.98
%
,
2/15/35
....
575
567
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
96
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2634284.UP.FTS.B
,
16
.22
%
,
2/15/35
..
$
339
$
334
L2634751.UP.FTS.B
,
16
.31
%
,
2/15/35
....
65
64
L2634161.UP.FTS.B
,
18
.39
%
,
2/15/35
....
129
127
L2632627.UP.FTS.B
,
20
.79
%
,
2/15/35
....
356
351
L2631763.UP.FTS.B
,
20
.93
%
,
2/15/35
....
320
315
FW2633708.UP.FTS.B
,
25
.99
%
,
2/15/35
..
244
240
L2639657.UP.FTS.B
,
5
.92
%
,
2/16/35
....
45
45
FW2638680.UP.FTS.B
,
7
.01
%
,
2/16/35
...
67
66
FW2644636.UP.FTS.B
,
10
.31
%
,
2/16/35
..
93
47
L2640736.UP.FTS.B
,
10
.49
%
,
2/16/35
....
47
47
FW2640049.UP.FTS.B
,
13
.66
%
,
2/16/35
..
358
354
L2639914.UP.FTS.B
,
14
.3
%
,
2/16/35
....
232
229
L2573704.UP.FTS.B
,
14
.5
%
,
2/16/35
....
267
240
FW2639338.UP.FTS.B
,
17
.66
%
,
2/16/35
..
332
328
L2641019.UP.FTS.B
,
18
.97
%
,
2/16/35
....
523
516
L2639930.UP.FTS.B
,
19
.1
%
,
2/16/35
....
157
141
FW2639706.UP.FTS.B
,
19
.94
%
,
2/16/35
..
225
222
FW2639697.UP.FTS.B
,
24
.32
%
,
2/16/35
..
324
15
FW2643827.UP.FTS.B
,
25
.41
%
,
2/16/35
..
224
221
L2627901.UP.FTS.B
,
28
.31
%
,
2/16/35
....
574
566
L2644671.UP.FTS.B
,
5
.08
%
,
2/17/35
....
286
283
L2604120.UP.FTS.B
,
17
.7
%
,
2/17/35
....
360
355
4,173,523
Total
Marketplace
Loans
(Cost
$
37,370,480
)
......................
$30,932,958
a
The
rate
shown
represents
the
yield
at
period
end.
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited),
January
31,
2025
Franklin
Core
Plus
Bond
Fund
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
97
At
January
31,
2025
,
the
Fund
had
the
following futures
contracts
outstanding.
At
January
31,
2025
,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
At
January
31,
2025
,
the
Fund
had
the
following credit
default
swap
contracts outstanding.
Futures
Contracts
Description
Type
Number
of
Contracts
Notional
Amount
*
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Interest
rate
contracts
U.S.
Treasury
10
Year
Notes
....................
Short
741
$
80,653,219
3/20/25
$
208,463
U.S.
Treasury
10
Year
Ultra
Notes
................
Short
935
104,135,625
3/20/25
1,432,579
U.S.
Treasury
2
Year
Notes
.....................
Short
77
15,833,125
3/31/25
5,918
U.S.
Treasury
5
Year
Notes
.....................
Short
136
14,469,125
3/31/25
95,955
U.S.
Treasury
Long
Bonds
.....................
Long
2,737
311,761,406
3/20/25
(
12,491,641
)
U.S.
Treasury
Ultra
Bonds
......................
Long
116
13,742,375
3/20/25
(
859,760
)
Total
Futures
Contracts
......................................................................
$(11,608,486)
*
As
of
period
end.
Forward
Exchange
Contracts
Currency
Counter-
party
a
Type
Quantity
Contract
Amount
*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
Columbian
Peso
....
JPHQ
Sell
56,500,000,000
13,691,161
2/18/25
$
279,191
$
—
Euro
.............
JPHQ
Sell
600,000
638,245
2/20/25
15,378
—
Euro
.............
JPHQ
Sell
2,600,000
2,696,911
6/30/25
—
(
21,051
)
Total
Forward
Exchange
Contracts
...................................................
$294,569
$(21,051)
Net
unrealized
appreciation
(depreciation)
............................................
$273,518
*
In
U.S.
dollars
unless
otherwise
indicated.
a
May
be
comprised
of
multiple
contracts
with
the
same
counterparty,
currency
and
settlement
date.
Credit
Default
Swap
Contracts
Description
Periodic
Payment
Rate
Received
(Paid)
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Amount
(a)
Value
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
Rating
(b)
OTC
Swap
Contracts
Contracts
to
Sell
Protection
(c)
(d)
Single
Name
Carnival
Corp.
..
1.00%
Quarterly
CITI
6/20/27
7,090,000
$
58,990
$
(
611,614
)
$
670,604
BB
Total
OTC
Swap
Contracts
..............................................
$58,990
$(611,614)
$670,604
Total
Credit
Default
Swap
Contracts
....................................
$58,990
$
(
611,614
)
$670,604
(a)
In
U.S.
dollars
unless
otherwise
indicated.
For
contracts
to
sell
protection,
the
notional
amount
is
equal
to
the
maximum
potential
amount
of
the
future
payments
and
no
recourse
provisions
have
been
entered
into
in
association
with
the
contracts.
(b)
Based
on
Standard
and
Poor's
(S&P)
Rating
for
single
name
swaps
and
internal
ratings
for
index
swaps.
Internal
ratings
based
on
mapping
into
equivalent
ratings
from
external
vendors.
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Core
Plus
Bond
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
98
(c)
Performance
triggers
for
settlement
of
contract
include
default,
bankruptcy
or
restructuring
for
single
name
swaps,
and
failure
to
pay
or
bankruptcy
of
the
underlying
securities
for
traded
index
swaps.
(d)
The
fund
enters
contracts
to
sell
protection
to
create
a
long
credit
position.
See
Abbreviations
on
page
135.
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited),
January
31,
2025
Franklin
Growth
Opportunities
Fund
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
99
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
98.4%
Aerospace
&
Defense
3.6%
a
Axon
Enterprise,
Inc.
.................................
United
States
205,492
$
134,017,773
a,b,c
Space
Exploration
Technologies
Corp.
,
A
..................
United
States
142,857
26,428,545
a
Standardaero,
Inc.
..................................
United
States
500,100
13,422,684
173,869,002
Automobiles
1.2%
a
Tesla,
Inc.
.........................................
United
States
144,768
58,573,133
Biotechnology
0.9%
a
Vaxcyte,
Inc.
.......................................
United
States
480,843
42,468,054
Broadline
Retail
7.5%
a
Amazon.com,
Inc.
...................................
United
States
1,516,156
360,359,958
Building
Products
1.3%
Trane
Technologies
plc
...............................
United
States
169,034
61,317,083
Capital
Markets
3.7%
Ares
Management
Corp.
,
A
............................
United
States
505,173
100,135,392
MSCI,
Inc.
,
A
.......................................
United
States
48,125
28,719,556
S&P
Global,
Inc.
....................................
United
States
95,295
49,687,766
178,542,714
Chemicals
1.5%
Linde
plc
..........................................
United
States
156,596
69,860,608
Commercial
Services
&
Supplies
1.5%
a,b,c
Celonis
SE
........................................
Germany
4,619
1,435,419
a,b,c
Celonis
SE
,
D
......................................
Germany
25,571
7,946,545
Republic
Services,
Inc.
,
A
.............................
United
States
288,276
62,518,416
71,900,380
Construction
Materials
0.6%
Martin
Marietta
Materials,
Inc.
..........................
United
States
57,275
31,164,473
Electrical
Equipment
1.5%
Eaton
Corp.
plc
.....................................
United
States
90,683
29,602,559
GE
Vernova,
Inc.
....................................
United
States
117,550
43,832,044
73,434,603
Electronic
Equipment,
Instruments
&
Components
0.7%
Amphenol
Corp.
,
A
..................................
United
States
442,543
31,323,194
Entertainment
2.7%
a
Netflix,
Inc.
........................................
United
States
83,501
81,560,437
a
ROBLOX
Corp.
,
A
...................................
United
States
694,790
49,378,725
130,939,162
Financial
Services
3.0%
Mastercard,
Inc.
,
A
..................................
United
States
256,968
142,727,736
Food
Products
1.0%
a
Freshpet,
Inc.
......................................
United
States
292,059
46,714,837
Ground
Transportation
0.7%
a
Uber
Technologies,
Inc.
...............................
United
States
468,070
31,290,479
Health
Care
Equipment
&
Supplies
2.4%
a
Dexcom,
Inc.
.......................................
United
States
306,504
26,613,742
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Growth
Opportunities
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
100
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Health
Care
Equipment
&
Supplies
(continued)
a
Intuitive
Surgical,
Inc.
................................
United
States
156,165
$
89,307,640
115,921,382
Health
Care
Providers
&
Services
2.8%
McKesson
Corp.
....................................
United
States
64,129
38,140,723
UnitedHealth
Group,
Inc.
..............................
United
States
179,463
97,356,883
135,497,606
Hotels,
Restaurants
&
Leisure
2.4%
a
Chipotle
Mexican
Grill,
Inc.
,
A
..........................
United
States
1,234,666
72,042,761
Wingstop,
Inc.
......................................
United
States
139,316
41,502,236
113,544,997
Household
Durables
0.5%
DR
Horton,
Inc.
.....................................
United
States
177,860
25,238,334
Interactive
Media
&
Services
9.9%
Alphabet,
Inc.
,
C
....................................
United
States
511,217
105,106,215
Meta
Platforms,
Inc.
,
A
...............................
United
States
502,402
346,245,410
a
Pinterest,
Inc.
,
A
....................................
United
States
794,782
26,196,015
477,547,640
IT
Services
2.3%
a,b,c
Canva,
Inc.
,
A
......................................
Australia
3,094
4,440,888
a,b,c
Canva,
Inc.
,
B
......................................
Australia
11,829
16,978,430
a
Gartner,
Inc.
.......................................
United
States
83,498
45,325,219
a
MongoDB,
Inc.
,
A
...................................
United
States
151,640
41,446,245
108,190,782
Leisure
Products
1.4%
a,b,c
Fanatics
Holdings,
Inc.
...............................
United
States
1,029,939
69,170,868
Life
Sciences
Tools
&
Services
2.3%
a,d
Tempus
AI,
Inc.
,
A
...................................
United
States
623,909
35,806,138
Thermo
Fisher
Scientific,
Inc.
..........................
United
States
47,084
28,144,461
West
Pharmaceutical
Services,
Inc.
......................
United
States
139,817
47,754,496
111,705,095
Machinery
0.7%
Parker-Hannifin
Corp.
................................
United
States
49,926
35,300,178
Personal
Care
Products
1.8%
a
BellRing
Brands,
Inc.
.................................
United
States
671,117
51,910,900
a,d
Oddity
Tech
Ltd.
,
A
..................................
Israel
711,401
33,948,056
85,858,956
Pharmaceuticals
2.8%
Eli
Lilly
&
Co.
......................................
United
States
164,157
133,144,460
Professional
Services
2.0%
TransUnion
........................................
United
States
495,893
49,217,380
Verisk
Analytics,
Inc.
,
A
...............................
United
States
168,999
48,577,073
97,794,453
Real
Estate
Management
&
Development
0.5%
a
CoStar
Group,
Inc.
..................................
United
States
323,038
24,744,711
Semiconductors
&
Semiconductor
Equipment
13.5%
Analog
Devices,
Inc.
.................................
United
States
141,238
29,926,920
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Growth
Opportunities
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
101
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Semiconductors
&
Semiconductor
Equipment
(continued)
Broadcom,
Inc.
.....................................
United
States
940,981
$
208,210,866
a
Lattice
Semiconductor
Corp.
...........................
United
States
508,181
28,976,481
Monolithic
Power
Systems,
Inc.
.........................
United
States
123,201
78,524,621
NVIDIA
Corp.
......................................
United
States
2,523,104
302,949,097
648,587,985
Software
15.9%
a,b,c
ClearMotion,
Inc.
....................................
United
States
6,309,366
624,747
a
Confluent,
Inc.
,
A
....................................
United
States
299,634
8,893,137
a
Crowdstrike
Holdings,
Inc.
,
A
...........................
United
States
192,455
76,610,562
a
Datadog,
Inc.
,
A
....................................
United
States
105,681
15,081,735
a
Fair
Isaac
Corp.
....................................
United
States
40,917
76,660,455
a,b
Fortinet,
Inc.
.......................................
United
States
810,440
—
a
HubSpot,
Inc.
......................................
United
States
33,909
26,433,083
Microsoft
Corp.
.....................................
United
States
520,859
216,187,737
a
Monday.com
Ltd.
....................................
United
States
126,907
32,419,662
Oracle
Corp.
.......................................
United
States
299,904
51,001,674
Salesforce,
Inc.
.....................................
United
States
172,206
58,842,790
a
ServiceNow,
Inc.
....................................
United
States
104,088
106,001,137
a
Synopsys,
Inc.
.....................................
United
States
98,496
51,757,678
a
Tyler
Technologies,
Inc.
...............................
United
States
75,967
45,704,786
766,219,183
Specialty
Retail
0.6%
a
AutoZone,
Inc.
.....................................
United
States
7,878
26,392,954
Technology
Hardware,
Storage
&
Peripherals
5.2%
Apple,
Inc.
........................................
United
States
1,054,760
248,923,360
Total
Common
Stocks
(Cost
$
1,972,312,038
)
..................................
4,728,268,360
Convertible
Preferred
Stocks
0.8%
Software
0.8%
a,b,c
Databricks,
Inc.
,
G
..................................
United
States
338,280
31,290,900
a,b,c
OneTrust
LLC
,
C
....................................
United
States
517,056
7,504,480
38,795,380
Total
Convertible
Preferred
Stocks
(Cost
$
30,139,628
)
.........................
38,795,380
Preferred
Stocks
0.3%
Commercial
Services
&
Supplies
0.2%
a,b,c
Optoro,
Inc.
,
E
.....................................
United
States
556,026
9,070,601
a
Software
0.1%
a,b,c
ClearMotion,
Inc.
,
A-3
................................
United
States
417,667
58,442
a,b,c
ClearMotion,
Inc.
,
A-4
................................
United
States
2,606,463
331,970
a,b,c
Tanium,
Inc.
,
G
.....................................
United
States
805,800
6,421,842
6,812,254
Total
Preferred
Stocks
(Cost
$
15,194,324
)
....................................
15,882,855
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Growth
Opportunities
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
102
See
Abbreviations
on
page
135
.
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Escrows
and
Litigation
Trusts
0.0%
a,b
Wheels
Up
Experience,
Inc.,
Escrow
Account
..............
United
States
10,278
$
—
Total
Escrows
and
Litigation
Trusts
(Cost
$
–
)
.................................
—
Total
Long
Term
Investments
(Cost
$
2,017,645,990
)
...........................
4,782,946,595
a
Short
Term
Investments
1.7%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
1.0%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.089
%
..
United
States
47,074,785
47,074,785
Total
Money
Market
Funds
(Cost
$
47,074,785
)
................................
47,074,785
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
0.7%
Money
Market
Funds
0.7%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.089
%
..
United
States
34,788,555
34,788,555
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$
34,788,555
)
.........................................................
34,788,555
Total
Short
Term
Investments
(Cost
$
81,863,340
)
..............................
81,863,340
a
Total
Investments
(Cost
$
2,099,509,330
)
101.2
%
..............................
$4,864,809,935
Other
Assets,
less
Liabilities
(
1.2
)
%
.........................................
(57,356,540)
Net
Assets
100.0%
.........................................................
$4,807,453,395
a
a
a
a
Non-income
producing.
b
Fair
valued
using
significant
unobservable
inputs.
See
Note
6
regarding
fair
value
measurements.
c
See
Note
3
regarding
restricted
securities.
d
A
portion
or
all
of
the
security
is
on
loan
at
January
31,
2025.
e
See
Note
5
regarding
investments
in
affiliated
management
investment
companies.
f
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited),
January
31,
2025
Franklin
Natural
Resources
Fund
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
103
a
a
Country
Shares
a
Value
a
Common
Stocks
98.4%
Agricultural
Products
&
Services
0.6%
Bunge
Global
SA
.....................................
United
States
24,600
$
1,872,798
Construction
&
Engineering
0.8%
a
Cadeler
A/S
,
ADR
.....................................
Denmark
120,424
2,518,066
a
Construction
Materials
1.4%
Martin
Marietta
Materials,
Inc.
............................
United
States
8,200
4,461,784
Copper
5.2%
Antofagasta
plc
.......................................
Chile
98,300
2,084,395
a
Capstone
Copper
Corp.
................................
Canada
460,700
2,580,313
a
ERO
Copper
Corp.
....................................
Brazil
196,500
2,631,087
Freeport-McMoRan,
Inc.
................................
United
States
213,200
7,643,220
Lundin
Mining
Corp.
...................................
Chile
248,600
1,963,689
16,902,704
Diversified
Chemicals
0.8%
Huntsman
Corp.
......................................
United
States
161,100
2,711,313
Diversified
Metals
&
Mining
6.9%
a
Aclara
Resources,
Inc.
.................................
United
Kingdom
489,200
188,497
a,b
Aclara
Resources,
Inc.
,
144A
............................
United
Kingdom
510,754
196,802
Anglo
American
plc
....................................
South
Africa
55,200
1,616,323
c
BHP
Group
Ltd.
,
ADR
..................................
Australia
114,600
5,632,590
Glencore
plc
.........................................
Australia
313,300
1,353,597
Hudbay
Minerals,
Inc.
..................................
Canada
131,500
1,083,958
a
MP
Materials
Corp.
....................................
United
States
78,100
1,715,076
Rio
Tinto
plc
,
ADR
.....................................
Australia
77,900
4,705,939
South32
Ltd.
.........................................
Australia
565,300
1,160,759
Teck
Resources
Ltd.
,
B
.................................
Canada
106,500
4,353,720
22,007,261
Electrical
Components
&
Equipment
1.2%
a
Fluence
Energy,
Inc.
...................................
United
States
79,300
1,031,693
a
Freyr
Battery,
Inc.
.....................................
Norway
557,400
1,047,912
a
NEXTracker,
Inc.
,
A
....................................
United
States
27,800
1,401,676
a
Shoals
Technologies
Group,
Inc.
,
A
........................
United
States
155,200
741,856
4,223,137
Fertilizers
&
Agricultural
Chemicals
2.8%
Corteva,
Inc.
.........................................
United
States
80,000
5,221,600
Nutrien
Ltd.
..........................................
Canada
72,600
3,748,338
8,969,938
Gold
7.7%
Agnico
Eagle
Mines
Ltd.
................................
Canada
67,000
6,227,240
Alamos
Gold,
Inc.
,
A
...................................
Canada
254,000
5,311,219
B2Gold
Corp.
........................................
Canada
326,200
787,809
Barrick
Gold
Corp.
....................................
Canada
299,200
4,897,904
Newmont
Corp.
.......................................
United
States
180,100
7,693,872
24,918,044
Heavy
Electrical
Equipment
0.6%
GE
Vernova,
Inc.
......................................
United
States
3,900
1,454,232
a
TPI
Composites,
Inc.
...................................
United
States
116,500
189,895
1,644,127
Industrial
Gases
3.0%
Air
Products
and
Chemicals,
Inc.
..........................
United
States
15,100
5,062,426
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Natural
Resources
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
104
a
a
Country
Shares
a
Value
a
Common
Stocks
(continued)
Industrial
Gases
(continued)
Linde
plc
............................................
United
States
10,100
$
4,505,812
9,568,238
Industrial
Machinery
&
Supplies
&
Components
0.7%
Xylem,
Inc.
..........................................
United
States
18,700
2,319,548
Integrated
Oil
&
Gas
14.2%
Chevron
Corp.
.......................................
United
States
61,000
9,100,590
Exxon
Mobil
Corp.
.....................................
United
States
133,006
14,209,031
Occidental
Petroleum
Corp.
.............................
United
States
92,700
4,324,455
Shell
plc
,
ADR
........................................
United
States
127,500
8,395,875
Suncor
Energy,
Inc.
....................................
Canada
129,700
4,866,372
TotalEnergies
SE
,
ADR
.................................
France
82,000
4,758,460
45,654,783
Metal,
Glass
&
Plastic
Containers
1.2%
Ball
Corp.
...........................................
United
States
39,900
2,222,430
Crown
Holdings,
Inc.
...................................
United
States
19,700
1,730,842
3,953,272
Oil
&
Gas
Drilling
1.1%
Patterson-UTI
Energy,
Inc.
..............................
United
States
194,224
1,567,388
a
Precision
Drilling
Corp.
.................................
Canada
35,400
2,063,466
3,630,854
Oil
&
Gas
Equipment
&
Services
11.7%
Baker
Hughes
Co.
,
A
...................................
United
States
91,100
4,206,998
Cactus,
Inc.
,
A
........................................
United
States
13,100
782,201
ChampionX
Corp.
.....................................
United
States
50,700
1,452,048
a
Expro
Group
Holdings
NV
...............................
United
States
98,200
1,240,266
a
Flowco
Holdings,
Inc.
,
A
................................
United
States
28,800
806,400
Halliburton
Co.
.......................................
United
States
114,700
2,984,494
Liberty
Energy,
Inc.
,
A
..................................
United
States
95,900
1,755,929
a
Oceaneering
International,
Inc.
...........................
United
States
53,500
1,329,475
a
Oil
States
International,
Inc.
.............................
United
States
81,800
415,544
Ranger
Energy
Services,
Inc.
,
A
..........................
United
States
163,200
2,674,848
Schlumberger
NV
.....................................
United
States
183,800
7,403,464
Select
Water
Solutions,
Inc.
,
A
............................
United
States
123,900
1,548,750
Technip
Energies
NV
...................................
France
72,799
2,062,409
TechnipFMC
plc
......................................
United
Kingdom
248,800
7,476,440
Trican
Well
Service
Ltd.
.................................
Canada
445,700
1,416,819
37,556,085
Oil
&
Gas
Exploration
&
Production
21.3%
Aker
BP
ASA
.........................................
Norway
101,900
2,126,903
Canadian
Natural
Resources
Ltd.
.........................
Canada
242,100
7,354,536
ConocoPhillips
.......................................
United
States
135,600
13,401,348
Coterra
Energy,
Inc.
...................................
United
States
291,400
8,077,608
Devon
Energy
Corp.
...................................
United
States
135,600
4,623,960
EOG
Resources,
Inc.
..................................
United
States
66,700
8,390,193
EQT
Corp.
..........................................
United
States
64,500
3,297,240
Hess
Corp.
..........................................
United
States
57,300
7,966,419
a
Infinity
Natural
Resources,
Inc.
,
A
.........................
United
States
62,600
1,318,982
Matador
Resources
Co.
................................
United
States
57,100
3,311,800
Ovintiv,
Inc.
..........................................
United
States
56,200
2,372,764
Permian
Resources
Corp.
,
A
.............................
United
States
228,300
3,344,595
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Natural
Resources
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
105
a
a
Country
Shares
a
Value
a
Common
Stocks
(continued)
Oil
&
Gas
Exploration
&
Production
(continued)
Tourmaline
Oil
Corp.
...................................
Canada
56,000
$
2,551,182
68,137,530
Oil
&
Gas
Refining
&
Marketing
4.4%
Marathon
Petroleum
Corp.
..............................
United
States
29,500
4,298,445
Phillips
66
...........................................
United
States
48,800
5,752,056
Valero
Energy
Corp.
...................................
United
States
30,900
4,109,700
14,160,201
Oil
&
Gas
Storage
&
Transportation
9.7%
Cheniere
Energy,
Inc.
..................................
United
States
16,300
3,645,495
Enbridge,
Inc.
........................................
Canada
64,300
2,780,332
Kinder
Morgan,
Inc.
....................................
United
States
196,300
5,394,324
c
New
Fortress
Energy,
Inc.
...............................
United
States
91,300
1,369,500
South
Bow
Corp.
......................................
Canada
26,840
641,476
Targa
Resources
Corp.
.................................
United
States
28,300
5,569,440
TC
Energy
Corp.
......................................
Canada
128,900
5,806,945
Williams
Cos.,
Inc.
(The)
................................
United
States
109,000
6,041,870
31,249,382
Packaged
Foods
&
Meats
0.2%
Lamb
Weston
Holdings,
Inc.
.............................
United
States
11,400
683,316
Paper
&
Plastic
Packaging
Products
&
Materials
0.7%
Packaging
Corp.
of
America
.............................
United
States
10,600
2,254,196
Precious
Metals
&
Minerals
0.4%
a
IperionX
Ltd.
.........................................
Australia
449,250
1,170,333
a
Specialty
Chemicals
0.9%
Albemarle
Corp.
......................................
United
States
26,200
2,205,778
Neo
Performance
Materials,
Inc.
..........................
Canada
23,600
136,727
b
Neo
Performance
Materials,
Inc.
,
144A
.....................
Canada
85,000
492,448
2,834,953
Steel
0.9%
Reliance,
Inc.
........................................
United
States
3,500
1,013,250
Vale
SA
,
ADR
,
B
......................................
Brazil
199,400
1,852,426
2,865,676
Total
Common
Stocks
(Cost
$
196,761,753
)
.....................................
316,267,539
a
Convertible
Preferred
Stocks
0.4%
Specialty
Chemicals
0.4%
Albemarle
Corp.
,
7.25
%
................................
United
States
30,800
1,248,016
Total
Convertible
Preferred
Stocks
(Cost
$
1,540,000
)
............................
1,248,016
Warrants
a
a
a
a
a
Warrants
0.1%
Integrated
Oil
&
Gas
0.1%
a
Occidental
Petroleum
Corp.
,
8/03/27
.......................
United
States
17,900
443,383
Total
Warrants
(Cost
$
88,605
)
.................................................
443,383
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Natural
Resources
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
106
See
Abbreviations
on
page
135
.
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
a
Convertible
Bonds
0.7%
Gold
0.3%
b
B2Gold
Corp.
,
Senior
Note
,
144A,
2.75%,
2/01/30
.............
Canada
933,000
$
986,997
Oil
&
Gas
Equipment
&
Services
0.4%
Oil
States
International,
Inc.
,
Senior
Note
,
4.75%,
4/01/26
.......
United
States
1,200,000
1,174,200
Total
Convertible
Bonds
(Cost
$
2,133,000
)
.....................................
2,161,197
Total
Long
Term
Investments
(Cost
$
200,523,358
)
...............................
320,120,135
a
Short
Term
Investments
2.9%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
1.1%
d,e
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.089
%
....
United
States
3,522,260
3,522,260
Total
Money
Market
Funds
(Cost
$
3,522,260
)
...................................
3,522,260
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
1.8%
Money
Market
Funds
1.8%
d,e
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.089
%
....
United
States
5,937,600
5,937,600
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$
5,937,600
)
.................................................................
5,937,600
Total
Short
Term
Investments
(Cost
$
9,459,860
)
.................................
9,459,860
a
Total
Investments
(Cost
$
209,983,218
)
102.5
%
..................................
$329,579,995
Other
Assets,
less
Liabilities
(
2.5
)
%
...........................................
(8,223,315)
Net
Assets
100.0%
...........................................................
$321,356,680
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
a
Non-income
producing.
b
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
January
31,
2025,
the
aggregate
value
of
these
securities
was
$1,676,247,
representing
0.5%
of
net
assets.
c
A
portion
or
all
of
the
security
is
on
loan
at
January
31,
2025.
d
See
Note
5
regarding
investments
in
affiliated
management
investment
companies.
e
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited),
January
31,
2025
Franklin
Small
Cap
Growth
Fund
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
107
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
95.8%
Aerospace
&
Defense
6.5%
a
AAR
Corp.
........................................
United
States
741,027
$
50,211,989
BWX
Technologies,
Inc.
..............................
United
States
608,976
68,771,660
a
Kratos
Defense
&
Security
Solutions,
Inc.
.................
United
States
1,653,278
55,169,887
a
Loar
Holdings,
Inc.
..................................
United
States
170,927
13,585,278
187,738,814
Banks
2.2%
Pinnacle
Financial
Partners,
Inc.
........................
United
States
313,681
39,137,978
Western
Alliance
Bancorp
.............................
United
States
286,700
25,192,329
64,330,307
Biotechnology
7.3%
a
Acumen
Pharmaceuticals,
Inc.
.........................
United
States
896,191
1,344,286
a
Apogee
Therapeutics,
Inc.
.............................
United
States
385,736
15,954,041
a
Ascendis
Pharma
A/S
,
ADR
...........................
Denmark
195,591
25,555,920
a
Centessa
Pharmaceuticals
plc
,
ADR
.....................
United
States
428,600
7,251,912
a
CG
oncology,
Inc.
...................................
United
States
260,325
7,827,973
a
Cullinan
Therapeutics,
Inc.
............................
United
States
791,566
8,358,937
a
Cytokinetics,
Inc.
....................................
United
States
148,673
7,353,367
a
Day
One
Biopharmaceuticals,
Inc.
.......................
United
States
1,395,794
17,265,972
a
Dyne
Therapeutics,
Inc.
..............................
United
States
487,887
6,937,753
a
Insmed,
Inc.
.......................................
United
States
507,603
38,872,238
a
Janux
Therapeutics,
Inc.
..............................
United
States
156,100
6,787,228
a
Kura
Oncology,
Inc.
..................................
United
States
621,521
4,916,231
a
Merus
NV
.........................................
Netherlands
529,063
21,659,839
a
Olema
Pharmaceuticals,
Inc.
...........................
United
States
893,200
5,457,452
a
Syndax
Pharmaceuticals,
Inc.
..........................
United
States
566,578
8,028,410
a
Twist
Bioscience
Corp.
...............................
United
States
94,143
4,930,269
a
Vaxcyte,
Inc.
.......................................
United
States
259,434
22,913,211
211,415,039
Building
Products
1.2%
AAON,
Inc.
........................................
United
States
302,690
35,227,062
Capital
Markets
3.0%
Bridge
Investment
Group
Holdings,
Inc.
,
A
.................
United
States
1,198,286
9,598,271
Evercore,
Inc.
,
A
....................................
United
States
125,224
36,473,994
Houlihan
Lokey,
Inc.
,
A
...............................
United
States
225,922
41,054,546
87,126,811
Communications
Equipment
0.5%
a
Viavi
Solutions,
Inc.
..................................
United
States
1,211,902
14,591,300
Construction
&
Engineering
4.0%
Arcosa,
Inc.
.......................................
United
States
678,517
68,733,772
Granite
Construction,
Inc.
.............................
United
States
530,706
46,776,427
115,510,199
Consumer
Staples
Distribution
&
Retail
0.6%
a
Performance
Food
Group
Co.
..........................
United
States
200,342
18,092,886
Diversified
Consumer
Services
0.2%
a
Nerdy,
Inc.
........................................
United
States
3,286,884
5,982,129
Electronic
Equipment,
Instruments
&
Components
1.7%
Vontier
Corp.
.......................................
United
States
1,296,325
49,973,329
Energy
Equipment
&
Services
1.2%
Liberty
Energy,
Inc.
,
A
................................
United
States
1,953,268
35,764,337
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Small
Cap
Growth
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
108
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Financial
Services
4.7%
a
Flywire
Corp.
......................................
United
States
1,792,067
$
34,640,655
a
Paymentus
Holdings,
Inc.
,
A
...........................
United
States
1,500,651
47,960,806
a
Repay
Holdings
Corp.
,
A
..............................
United
States
1,166,041
8,710,326
a
Shift4
Payments,
Inc.
,
A
..............................
United
States
375,897
45,051,256
136,363,043
Food
Products
3.1%
a
Freshpet,
Inc.
......................................
United
States
378,881
60,602,016
a
Simply
Good
Foods
Co.
(The)
..........................
United
States
749,145
28,467,510
89,069,526
Health
Care
Equipment
&
Supplies
5.0%
a
Ceribell,
Inc.
.......................................
United
States
453,200
10,428,132
a
Haemonetics
Corp.
..................................
United
States
480,661
33,189,642
a
Inspire
Medical
Systems,
Inc.
..........................
United
States
181,360
35,093,160
a
Integer
Holdings
Corp.
...............................
United
States
374,077
53,201,231
a
Neogen
Corp.
......................................
United
States
811,493
9,299,710
a
Pulmonx
Corp.
.....................................
United
States
509,935
2,896,431
144,108,306
Health
Care
Providers
&
Services
3.6%
a
GeneDx
Holdings
Corp.
,
A
.............................
United
States
94,400
7,065,840
a
HealthEquity,
Inc.
...................................
United
States
380,788
42,046,611
a
Hims
&
Hers
Health,
Inc.
..............................
United
States
261,200
9,737,536
a
NeoGenomics,
Inc.
..................................
United
States
1,257,478
17,981,935
a
Privia
Health
Group,
Inc.
..............................
United
States
1,183,736
27,048,368
103,880,290
Health
Care
Technology
1.3%
a
Phreesia,
Inc.
......................................
United
States
1,289,332
36,694,389
Hotel
&
Resort
REITs
0.4%
Pebblebrook
Hotel
Trust
..............................
United
States
912,850
11,985,721
Hotels,
Restaurants
&
Leisure
6.1%
a
Cava
Group,
Inc.
....................................
United
States
308,200
41,622,410
a,b
Portillo's,
Inc.
,
A
....................................
United
States
1,176,015
16,358,369
Red
Rock
Resorts,
Inc.
,
A
.............................
United
States
782,262
38,369,951
Texas
Roadhouse,
Inc.
,
A
.............................
United
States
246,963
44,724,999
Wingstop,
Inc.
......................................
United
States
117,055
34,870,685
175,946,414
Household
Durables
1.8%
a
M/I
Homes,
Inc.
.....................................
United
States
192,667
24,237,508
a
Sonos,
Inc.
........................................
United
States
434,657
5,993,920
a
Tri
Pointe
Homes,
Inc.
................................
United
States
585,880
21,595,537
51,826,965
Industrial
REITs
0.8%
Rexford
Industrial
Realty,
Inc.
..........................
United
States
545,015
22,160,310
Interactive
Media
&
Services
0.6%
a
ZoomInfo
Technologies,
Inc.
,
A
.........................
United
States
1,740,082
17,905,444
IT
Services
1.5%
a
BigCommerce
Holdings,
Inc.
,
1
.........................
United
States
1,434,010
8,733,121
a
Couchbase,
Inc.
....................................
United
States
1,872,567
33,219,338
41,952,459
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Small
Cap
Growth
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
109
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Life
Sciences
Tools
&
Services
0.1%
a
CryoPort,
Inc.
......................................
United
States
326,941
$
2,465,135
Machinery
1.1%
a
RBC
Bearings,
Inc.
..................................
United
States
94,207
32,854,691
Media
1.5%
New
York
Times
Co.
(The)
,
A
...........................
United
States
790,721
42,936,150
Oil,
Gas
&
Consumable
Fuels
1.8%
a
Infinity
Natural
Resources,
Inc.
,
A
.......................
United
States
557,800
11,752,846
Matador
Resources
Co.
..............................
United
States
711,687
41,277,846
53,030,692
Passenger
Airlines
2.9%
a
Alaska
Air
Group,
Inc.
................................
United
States
562,817
41,226,345
Allegiant
Travel
Co.
..................................
United
States
417,575
42,772,207
83,998,552
Personal
Care
Products
2.6%
a
BellRing
Brands,
Inc.
.................................
United
States
794,136
61,426,420
a
Oddity
Tech
Ltd.
,
A
..................................
Israel
257,585
12,291,956
73,718,376
Pharmaceuticals
2.1%
a
EyePoint
Pharmaceuticals,
Inc.
.........................
United
States
1,180,568
9,031,345
a
Intra-Cellular
Therapies,
Inc.
...........................
United
States
296,448
37,672,612
a
Pliant
Therapeutics,
Inc.
..............................
United
States
515,800
5,544,850
a
Revance
Therapeutics,
Inc.
............................
United
States
1,020,863
3,705,733
a
Structure
Therapeutics,
Inc.
,
ADR
.......................
United
States
193,612
5,802,551
61,757,091
Professional
Services
1.8%
a
Legalzoom.com,
Inc.
.................................
United
States
2,653,709
23,856,844
a
Paycor
HCM,
Inc.
...................................
United
States
1,292,760
28,608,779
52,465,623
Semiconductors
&
Semiconductor
Equipment
6.1%
a
Lattice
Semiconductor
Corp.
...........................
United
States
793,273
45,232,426
a
Onto
Innovation,
Inc.
.................................
United
States
293,202
60,036,042
a
Silicon
Laboratories,
Inc.
..............................
United
States
171,899
23,307,785
a
SiTime
Corp.
.......................................
United
States
229,284
46,819,793
175,396,046
Software
13.5%
a
Alkami
Technology,
Inc.
...............................
United
States
664,224
23,108,353
a
AvePoint,
Inc.
......................................
United
States
895,549
16,818,410
a,c,d
ClearMotion,
Inc.
....................................
United
States
3,698,772
366,249
a
Confluent,
Inc.
,
A
....................................
United
States
1,162,100
34,491,128
a
CS
Disco,
Inc.
......................................
United
States
1,493,425
7,526,862
a
Freshworks,
Inc.
,
A
..................................
United
States
1,969,857
36,639,340
a
Gitlab,
Inc.
,
A
......................................
United
States
828,019
60,246,663
a
Intapp,
Inc.
........................................
United
States
207,300
14,778,417
a
LiveRamp
Holdings,
Inc.
..............................
United
States
1,187,822
40,385,948
a
Monday.com
Ltd.
....................................
United
States
145,724
37,226,653
a
nCino,
Inc.
........................................
United
States
1,010,497
34,367,003
a
Onestream,
Inc.
,
A
..................................
United
States
98,389
2,930,024
a
Procore
Technologies,
Inc.
............................
United
States
457,260
36,379,606
a,d
ServiceTitan,
Inc.
...................................
United
States
148,478
15,259,084
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Small
Cap
Growth
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
110
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Software
(continued)
a
ServiceTitan,
Inc.
,
A
.................................
United
States
49,400
$
5,076,838
a
SPS
Commerce,
Inc.
.................................
United
States
132,600
24,488,568
390,089,146
Specialty
Retail
2.2%
American
Eagle
Outfitters,
Inc.
.........................
United
States
537,576
8,676,477
a
Boot
Barn
Holdings,
Inc.
..............................
United
States
173,903
27,972,297
Lithia
Motors,
Inc.
,
A
.................................
United
States
69,017
25,957,294
62,606,068
Textiles,
Apparel
&
Luxury
Goods
0.3%
Steven
Madden
Ltd.
.................................
United
States
235,301
9,659,106
Trading
Companies
&
Distributors
2.5%
a
Beacon
Roofing
Supply,
Inc.
...........................
United
States
356,713
42,213,416
Herc
Holdings,
Inc.
..................................
United
States
149,600
30,512,416
72,725,832
Total
Common
Stocks
(Cost
$
1,761,250,633
)
..................................
2,771,347,588
Convertible
Preferred
Stocks
2.6%
Automobile
Components
0.5%
a,c,d
Flock
Group,
Inc.
,
G
.................................
United
States
98,754
14,230,434
a
Diversified
Consumer
Services
0.5%
a,c,d
Newsela,
Inc.
,
D
....................................
United
States
709,046
13,144,495
a
Software
1.4%
a,c,d
Benchling,
Inc.
,
F
...................................
United
States
382,306
6,133,773
a,c,d
Checkr,
Inc.
,
E
.....................................
United
States
1,388,889
21,763,974
a,c,d
OneTrust
LLC
,
A
....................................
United
States
625,361
9,076,404
a,c,d
OneTrust
LLC
,
A-1
..................................
United
States
56,457
819,409
a,c,d
Smule,
Inc.
,
J
......................................
United
States
162,712
2,252,576
40,046,136
Specialty
Retail
0.2%
a,c,d
1661,
Inc.
,
F
.......................................
United
States
3,436,485
7,051,994
a
Total
Convertible
Preferred
Stocks
(Cost
$
90,764,293
)
.........................
74,473,059
Preferred
Stocks
0.6%
Automobile
Components
0.2%
a,c,d
Tula
eTechnology,
Inc.
................................
United
States
361,111
—
a,c,d
Tula
eTechnology,
Inc.
,
E
.............................
United
States
3,611,111
7,241,610
7,241,610
Commercial
Services
&
Supplies
0.3%
a,c,d
Optoro,
Inc.
,
E
.....................................
United
States
554,878
9,051,873
a
Software
0.1%
a,c,d
ClearMotion,
Inc.
,
A-3
................................
United
States
1,037,942
145,235
a,c,d
ClearMotion,
Inc.
,
A-4
................................
United
States
6,477,294
824,974
a,c,d
Smule,
Inc.
,
144A
,
G
.................................
United
States
1,542,673
632,559
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Small
Cap
Growth
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
111
See
Abbreviations
on
page
135
.
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Preferred
Stocks
(continued)
Software
(continued)
a,c,d
Smule,
Inc.
,
144A
,
H
.................................
United
States
352,675
$
170,952
1,773,720
Total
Preferred
Stocks
(Cost
$
32,144,989
)
....................................
18,067,203
Rights
Rights
0.0%
†
Biotechnology
0.0%
†
a,c,d
Chinook
Therapeutics,
Inc.,
CVR
,
6/30/30
.................
United
States
410,500
468,557
Total
Rights
(Cost
$
160,095
)
................................................
468,557
Shares
Escrows
and
Litigation
Trusts
0.0%
a,c
Wheels
Up
Experience,
Inc.,
Escrow
Account
..............
United
States
8,808
—
Total
Escrows
and
Litigation
Trusts
(Cost
$
–
)
.................................
—
Total
Long
Term
Investments
(Cost
$
1,884,320,010
)
...........................
2,864,356,407
a
Short
Term
Investments
1.5%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
1.5%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.089
%
..
United
States
43,986,537
43,986,537
Total
Money
Market
Funds
(Cost
$
43,986,537
)
................................
43,986,537
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
0.0%
†
Money
Market
Funds
0.0%
†
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.089
%
..
United
States
605,625
605,625
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$
605,625
)
...........................................................
605,625
Total
Short
Term
Investments
(Cost
$
44,592,162
)
..............................
44,592,162
a
Total
Investments
(Cost
$
1,928,912,172
)
100.5
%
..............................
$2,908,948,569
Other
Assets,
less
Liabilities
(
0.5
)
%
.........................................
(14,990,503)
Net
Assets
100.0%
.........................................................
$2,893,958,066
a
a
a
†
Rounds
to
less
than
0.1%
of
net
assets.
a
Non-income
producing.
b
A
portion
or
all
of
the
security
is
on
loan
at
January
31,
2025.
c
Fair
valued
using
significant
unobservable
inputs.
See
Note
6
regarding
fair
value
measurements.
d
See
Note
3
regarding
restricted
securities.
e
See
Note
5
regarding
investments
in
affiliated
management
investment
companies.
f
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited),
January
31,
2025
Franklin
Small-Mid
Cap
Growth
Fund
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
112
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
97.1%
Aerospace
&
Defense
4.2%
a
Axon
Enterprise,
Inc.
.................................
United
States
205,342
$
133,919,946
BWX
Technologies,
Inc.
..............................
United
States
257,100
29,034,303
a
Standardaero,
Inc.
..................................
United
States
462,343
12,409,286
175,363,535
Banks
0.6%
Fifth
Third
Bancorp
..................................
United
States
601,000
26,630,310
Biotechnology
2.8%
a
Alnylam
Pharmaceuticals,
Inc.
..........................
United
States
151,487
41,099,938
a
Ascendis
Pharma
A/S
,
ADR
...........................
Denmark
64,264
8,396,734
a
CG
oncology,
Inc.
...................................
United
States
385,071
11,579,085
a
Natera,
Inc.
........................................
United
States
226,100
40,001,612
a
Vaxcyte,
Inc.
.......................................
United
States
176,610
15,598,195
116,675,564
Capital
Markets
9.7%
Ares
Management
Corp.
,
A
............................
United
States
604,136
119,751,838
Blue
Owl
Capital,
Inc.
,
A
..............................
United
States
2,606,949
67,806,743
LPL
Financial
Holdings,
Inc.
...........................
United
States
128,548
47,162,976
MSCI,
Inc.
,
A
.......................................
United
States
129,102
77,044,201
Nasdaq,
Inc.
.......................................
United
States
667,136
54,931,978
Tradeweb
Markets,
Inc.
,
A
.............................
United
States
338,776
42,990,674
409,688,410
Commercial
Services
&
Supplies
0.5%
a
Copart,
Inc.
........................................
United
States
328,300
19,018,419
Containers
&
Packaging
1.0%
Avery
Dennison
Corp.
................................
United
States
217,403
40,378,259
Electrical
Equipment
2.5%
AMETEK,
Inc.
......................................
United
States
258,606
47,728,323
Vertiv
Holdings
Co.
,
A
................................
United
States
480,700
56,251,514
103,979,837
Energy
Equipment
&
Services
0.7%
Halliburton
Co.
.....................................
United
States
1,133,219
29,486,358
Entertainment
2.3%
a
ROBLOX
Corp.
,
A
...................................
United
States
1,362,728
96,849,079
Financial
Services
1.9%
a
Block,
Inc.
,
A
.......................................
United
States
833,992
75,743,153
a
Paymentus
Holdings,
Inc.
,
A
...........................
United
States
106,600
3,406,936
79,150,089
Food
Products
1.1%
a
Freshpet,
Inc.
......................................
United
States
287,998
46,065,280
Ground
Transportation
1.7%
Old
Dominion
Freight
Line,
Inc.
.........................
United
States
394,183
73,164,307
Health
Care
Equipment
&
Supplies
4.2%
a
Dexcom,
Inc.
.......................................
United
States
940,900
81,698,347
a
IDEXX
Laboratories,
Inc.
..............................
United
States
90,092
38,023,329
a
Penumbra,
Inc.
.....................................
United
States
217,262
58,002,436
177,724,112
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Small-Mid
Cap
Growth
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
113
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Health
Care
Providers
&
Services
0.7%
a
HealthEquity,
Inc.
...................................
United
States
278,339
$
30,734,192
Health
Care
Technology
1.7%
a
Veeva
Systems,
Inc.
,
A
...............................
United
States
304,677
71,068,957
Hotels,
Restaurants
&
Leisure
6.4%
a
Cava
Group,
Inc.
....................................
United
States
463,364
62,577,308
a
DoorDash,
Inc.
,
A
...................................
United
States
469,276
88,613,387
Texas
Roadhouse,
Inc.
,
A
.............................
United
States
276,900
50,146,590
Wingstop,
Inc.
......................................
United
States
160,983
47,956,836
Wynn
Resorts
Ltd.
..................................
United
States
218,001
18,933,387
268,227,508
Household
Durables
1.0%
a
NVR,
Inc.
.........................................
United
States
5,278
42,309,398
Independent
Power
and
Renewable
Electricity
Producers
0.8%
Vistra
Corp.
........................................
United
States
212,400
35,689,572
Industrial
REITs
0.8%
Terreno
Realty
Corp.
.................................
United
States
536,495
35,097,503
Insurance
1.3%
Arthur
J
Gallagher
&
Co.
..............................
United
States
188,152
56,788,037
Interactive
Media
&
Services
1.4%
a
Pinterest,
Inc.
,
A
....................................
United
States
1,782,879
58,763,692
IT
Services
5.6%
a
Cloudflare,
Inc.
,
A
...................................
United
States
571,056
79,034,150
a
Gartner,
Inc.
.......................................
United
States
166,859
90,576,071
a
MongoDB,
Inc.
,
A
...................................
United
States
246,245
67,303,684
236,913,905
Leisure
Products
1.3%
a,b,c
Fanatics
Holdings,
Inc.
...............................
United
States
793,714
53,305,959
Life
Sciences
Tools
&
Services
1.3%
a
Repligen
Corp.
.....................................
United
States
325,819
54,154,376
Machinery
1.0%
Xylem,
Inc.
........................................
United
States
353,508
43,849,132
Media
2.9%
a,b,c
Blaize
Events
&
Media,
Inc.
............................
United
States
3,389,282
20,335,693
a,b
Blaize
Events
&
Media,
Inc.
............................
United
States
343,168
—
New
York
Times
Co.
(The)
,
A
...........................
United
States
708,328
38,462,210
a
Trade
Desk,
Inc.
(The)
,
A
..............................
United
States
525,600
62,378,208
121,176,111
Oil,
Gas
&
Consumable
Fuels
2.1%
Cheniere
Energy,
Inc.
................................
United
States
216,374
48,392,045
Hess
Corp.
........................................
United
States
291,117
40,473,997
88,866,042
Personal
Care
Products
1.0%
a
BellRing
Brands,
Inc.
.................................
United
States
530,031
40,997,898
Professional
Services
4.7%
Paychex,
Inc.
......................................
United
States
441,809
65,241,935
TransUnion
........................................
United
States
426,734
42,353,350
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Small-Mid
Cap
Growth
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
114
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Professional
Services
(continued)
Verisk
Analytics,
Inc.
,
A
...............................
United
States
316,134
$
90,869,557
198,464,842
Residential
REITs
0.7%
Equity
LifeStyle
Properties,
Inc.
.........................
United
States
432,813
28,327,611
Semiconductors
&
Semiconductor
Equipment
5.1%
ASM
International
NV
................................
Netherlands
55,100
31,968,123
a
Astera
Labs,
Inc.
....................................
United
States
58,100
5,892,502
a,b
Blaize
Holdings,
Inc.
.................................
United
States
114,150
—
a
Lattice
Semiconductor
Corp.
...........................
United
States
947,246
54,011,967
Monolithic
Power
Systems,
Inc.
.........................
United
States
89,072
56,771,821
a
Onto
Innovation,
Inc.
.................................
United
States
154,229
31,579,930
a
SiTime
Corp.
.......................................
United
States
167,670
34,238,214
214,462,557
Software
15.8%
a
Alkami
Technology,
Inc.
...............................
United
States
885,772
30,816,008
a
AppLovin
Corp.
,
A
...................................
United
States
92,900
34,334,911
a
Arteris,
Inc.
........................................
United
States
1,328,254
14,106,058
a
Confluent,
Inc.
,
A
....................................
United
States
1,401,785
41,604,979
a
Crowdstrike
Holdings,
Inc.
,
A
...........................
United
States
117,386
46,727,845
a
Datadog,
Inc.
,
A
....................................
United
States
533,168
76,088,405
a
Fair
Isaac
Corp.
....................................
United
States
42,268
79,191,634
a
HubSpot,
Inc.
......................................
United
States
128,190
99,927,951
a
Manhattan
Associates,
Inc.
............................
United
States
187,900
39,194,061
a
Monday.com
Ltd.
....................................
United
States
124,301
31,753,933
a
Procore
Technologies,
Inc.
............................
United
States
549,861
43,746,941
a
ServiceTitan,
Inc.
,
A
.................................
United
States
54,300
5,580,411
a
Synopsys,
Inc.
.....................................
United
States
130,260
68,449,025
a
Tyler
Technologies,
Inc.
...............................
United
States
87,600
52,703,664
664,225,826
Specialty
Retail
5.8%
a
AutoZone,
Inc.
.....................................
United
States
13,600
45,562,856
a
Burlington
Stores,
Inc.
................................
United
States
242,567
68,872,048
Ross
Stores,
Inc.
...................................
United
States
425,987
64,136,603
Tractor
Supply
Co.
..................................
United
States
1,192,080
64,801,469
243,372,976
Trading
Companies
&
Distributors
2.5%
Fastenal
Co.
.......................................
United
States
982,147
71,932,446
United
Rentals,
Inc.
..................................
United
States
45,846
34,754,019
106,686,465
Total
Common
Stocks
(Cost
$
2,616,742,813
)
..................................
4,087,656,118
Convertible
Preferred
Stocks
1.3%
Diversified
Consumer
Services
0.2%
a,b,c
Newsela,
Inc.
,
D
....................................
United
States
423,782
7,856,190
a
Semiconductors
&
Semiconductor
Equipment
0.0%
†
a,b,c
Phononic
Devices,
Inc.
,
F-S
...........................
United
States
2,970,061
419
a
Software
0.9%
a,b,c
Benchling,
Inc.
,
F
...................................
United
States
347,106
5,569,019
a,b,c
Databricks,
Inc.
,
G
..................................
United
States
227,829
21,074,183
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Small-Mid
Cap
Growth
Fund
(continued)
franklintempleton.com
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
115
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Convertible
Preferred
Stocks
(continued)
Software
(continued)
a,b,c
OneTrust
LLC
,
C
....................................
United
States
767,526
$
11,139,767
37,782,969
Trading
Companies
&
Distributors
0.2%
a,b,c
Anduril
Industries,
Inc.
,
F
..............................
United
States
414,483
9,009,451
a
Total
Convertible
Preferred
Stocks
(Cost
$
65,344,990
)
.........................
54,649,029
Preferred
Stocks
0.0%
†
Semiconductors
&
Semiconductor
Equipment
0.0%
†
a,b,c
Phononic
Devices,
Inc.
,
G-2-S
..........................
United
States
513,050
2,613
a,b,c
Phononic,
Inc.
,
H-S
..................................
United
States
117,763
397,849
400,462
Total
Preferred
Stocks
(Cost
$
460,692
)
.......................................
400,462
Warrants
Warrants
0.0%
†
Semiconductors
&
Semiconductor
Equipment
0.0%
†
a,b,c
Phononic,
Inc.
,
H-S
,
12/31/29
..........................
United
States
15,980
—
a,b,c
Phononic,
Inc.
,
H-S-X
,
12/31/29
........................
United
States
47,104
7,269
7,269
Total
Warrants
(Cost
$
44,030
)
...............................................
7,269
Principal
Amount
*
Convertible
Bonds
0.0%
†
Semiconductors
&
Semiconductor
Equipment
0.0%
†
b,c
Phononic,
Inc.
,
H-S
,
5.31%,
11/30/27
....................
United
States
132,470
132,470
132,470
Total
Convertible
Bonds
(Cost
$
132,470
)
.....................................
132,470
Senior
Floating
Rate
Interests
0.0%
†
b,d
Phononic,
Inc.,
First
Lien,
Advance
CME
Term
Loan,
B
,
PIK,
12
%
,
6/30/25
.........................................
United
States
981,020
940,564
Total
Senior
Floating
Rate
Interests
(Cost
$
960,944
)
...........................
940,564
Total
Long
Term
Investments
(Cost
$
2,683,685,939
)
...........................
4,143,785,912
a
Franklin
Strategic
Series
Schedule
of
Investments
(unaudited)
Franklin
Small-Mid
Cap
Growth
Fund
(continued)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
116
See
Abbreviations
on
page
135
.
Short
Term
Investments
1.7%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
1.7%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.089
%
..
United
States
71,916,150
$
71,916,150
Total
Money
Market
Funds
(Cost
$
71,916,150
)
................................
71,916,150
Total
Short
Term
Investments
(Cost
$
71,916,150
)
..............................
71,916,150
a
Total
Investments
(Cost
$
2,755,602,089
)
100.1
%
..............................
$4,215,702,062
Other
Assets,
less
Liabilities
(
0.1
)
%
.........................................
(3,467,171)
Net
Assets
100.0%
.........................................................
$4,212,234,891
a
a
a
*
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
6
regarding
fair
value
measurements.
c
See
Note
3
regarding
restricted
securities.
d
Income
may
be
received
in
additional
securities
and/or
cash.
e
See
Note
5
regarding
investments
in
affiliated
management
investment
companies.
f
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Strategic
Series
117
franklintempleton.com
Quarterly
Schedules
of
Investments
Notes
to
Schedules
of
Investments
(unaudited)
1.
Organization
Franklin
Strategic
Series (Trust)
is
registered
under
the
Investment
Company
Act
of
1940
(1940
Act)
as
an
open-end
management
investment
company,
consisting
of
ten
separate funds, six
of
which
are
included
in
this
report
(Funds).
The Funds
follow
the
accounting
and
reporting
guidance
in
Financial
Accounting
Standards
Board
(FASB)
Accounting
Standards
Codification
Topic
946,
Financial
Services
–
Investment
Companies
(ASC
946)
and apply
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
Funds’
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
Funds
calculate
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
Trust’s
Board
of
Trustees
(the
Board),
the
Board
has
designated
the
Funds'
investment
manager
as
the
valuation
designee
and
has
responsibility
for
oversight
of
valuation.
The
investment
manager
is
assisted
by
the
Funds'
administrator
in
performing
this
responsibility,
including
leading
the
cross-functional
Valuation
Committee
(VC).
The
Funds
may
utilize
independent
pricing
services,
quotations
from
securities
and
financial
instrument
dealers,
and
other
market
sources
to
determine
fair
value. 
Equity
securities
and
derivative
financial instruments 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
and
certain
preferred
securities
generally
trade
in
the
OTC
market rather
than
on
a
securities
exchange.
The
Funds'
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.
Certain
derivative
financial
instruments
are
centrally
cleared
or
trade
in
the
OTC
market.
The
Funds’
pricing
services
use
various
techniques
including
industry
standard
option
pricing
models
and
proprietary
discounted
cash
flow
models
to
determine
the
fair
value
of
those
instruments.
The
Funds’ net
benefit
or
obligation
under
the
derivative
contract,
as
measured
by
the
fair
value
of
the
contract,
is
included
in
net
assets. 
The
Funds
have procedures
to
determine
the
fair
value
of
financial
instruments
for
which
market
prices
are
not
reliable
or
readily
available.
Under
these
procedures,
the
Funds
primarily employ
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
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
118
franklintempleton.com
Quarterly
Schedules
of
Investments
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
Funds’ 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
Funds’
portfolio
securities
as
determined
at
the
foreign
market
close
and
the
latest
indications
of
value
at
4
p.m.
Eastern
time.
In
order
to
minimize
the
potential
for
these
differences,
an
independent
pricing
service
may
be
used
to
adjust
the
value
of
the
Funds'
portfolio
securities
to
the
latest
indications
of
fair
value
at 4
p.m.
Eastern
time.
At
January
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
Funds’
NAV
is
not
calculated,
which
could
result
in
differences
between
the
value
of
the
Funds’
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
Funds for
financial
reporting
purposes.
3.
Restricted
Securities
At
January
31,
2025,
investments
in
restricted
securities,
excluding
securities
exempt
from
registration
under
the
Securities
Act
of
1933,
were
as
follows:
Shares
/
Warrants
Issuer
Acquisition
Date
Cost
Value
Franklin
Biotechnology
Discovery
Fund
2,181,025
a
Achieve
Life
Sciences,
Inc.,
8/31/27
..............
2/29/24
$
22
$
391,679
1,519,609
Candid,
Inc.,
B
..............................
8/19/24
1,823,531
1,538,312
2,090,200
b
IN8bio,
Inc.,
10/04/27
.........................
10/10/24
—
219,375
859,370
Lycia
LLC,
C
...............................
4/26/24
1,754,576
1,582,761
Total
Restricted
Securities
(Value
is
0.5%
of
Net
Assets)
...............
$3,578,129
$3,732,127
Shares
/
Warrants
Issuer
Acquisition
Date
Cost
Value
Franklin
Core
Plus
Bond
Fund
125,940,079
c
K2016470219
South
Africa
Ltd.,
A
...............
2/08/13
-
2/01/17
$
977,123
$
—
12,532,821
c
K2016470219
South
Africa
Ltd.,
B
...............
2/01/17
9,307
—
6,000,000
c
WorkCapital
BSD
SARL,
2/13/26
................
2/15/19
750,000
—
Total
Restricted
Securities
(Value
is
—%
of
Net
Assets)
...............
$1,736,430
$—
Shares
Issuer
Acquisition
Date
Cost
Value
Franklin
Growth
Opportunities
Fund
3,094
Canva,
Inc.,
A
..............................
3/18/24
$
3,300,249
$
4,440,888
11,829
Canva,
Inc.,
B
..............................
12/22/21
20,158,531
16,978,430
4,619
Celonis
SE
.................................
6/16/21
1,708,060
1,435,419
2. Financial
Instrument
Valuation
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
119
franklintempleton.com
Quarterly
Schedules
of
Investments
Shares
Issuer
Acquisition
Date
Cost
Value
Franklin
Growth
Opportunities
Fund
(continued)
25,571
Celonis
SE,
D
..............................
6/16/21
-
10/04/22
$
9,427,681
$
7,946,545
6,309,366
ClearMotion,
Inc.
............................
11/06/17
-
12/21/18
15,500,000
624,747
417,667
ClearMotion,
Inc.,
A-3
.........................
3/23/23
—
58,442
2,606,463
ClearMotion,
Inc.,
A-4
.........................
12/21/21
251,500
331,970
338,280
Databricks,
Inc.,
G
...........................
2/01/21
20,000,005
31,290,900
1,029,939
Fanatics
Holdings,
Inc.
........................
8/13/20
-
3/22/21
19,730,229
69,170,868
517,056
OneTrust
LLC,
C
............................
4/01/21
10,139,623
7,504,480
556,026
Optoro,
Inc.,
E
..............................
7/24/18
-
12/01/21
10,942,592
9,070,601
142,857
Space
Exploration
Technologies
Corp.,
A
..........
5/25/22
9,999,990
26,428,545
805,800
Tanium,
Inc.,
G
..............................
9/14/15
4,000,233
6,421,842
Total
Restricted
Securities
(Value
is
3.8%
of
Net
Assets)
...............
$125,158,693
$181,703,677
Shares
Issuer
Acquisition
Date
Cost
Value
Franklin
Small
Cap
Growth
Fund
3,436,485
1661,
Inc.,
F
................................
5/28/21
$
19,999,999
$
7,051,994
382,306
Benchling,
Inc.,
F
............................
10/20/21
12,499,992
6,133,773
1,388,889
Checkr,
Inc.,
E
..............................
8/24/21
25,000,002
21,763,974
410,500
Chinook
Therapeutics,
Inc.,
CVR,
6/30/30
.........
8/14/23
160,095
468,557
3,698,772
ClearMotion,
Inc.
............................
12/21/18
10,000,000
366,249
1,037,942
ClearMotion,
Inc.,
A-3
.........................
3/23/23
—
145,235
6,477,294
ClearMotion,
Inc.,
A-4
.........................
12/21/21
625,000
824,974
98,754
Flock
Group,
Inc.,
G
..........................
3/08/24
9,999,899
14,230,434
709,046
Newsela,
Inc.,
D
.............................
1/21/21
15,000,010
13,144,495
625,361
OneTrust
LLC,
A
............................
3/10/23
6,878,971
9,076,404
56,457
OneTrust
LLC,
A-1
...........................
3/10/23
621,027
819,409
554,878
Optoro,
Inc.,
E
..............................
7/24/18
-
12/01/21
10,919,999
9,051,873
148,478
d
ServiceTitan,
Inc.
............................
2/28/24
10,096,504
15,259,084
1,542,673
Smule,
Inc.,
G,
144A
.........................
5/31/16
11,099,995
632,559
352,675
Smule,
Inc.,
H,
144A
.........................
4/27/17
2,999,995
170,952
162,712
Smule,
Inc.,
J
...............................
8/05/22
-
11/28/22
764,393
2,252,576
361,111
Tula
eTechnology,
Inc.
........................
11/01/18
—
—
3,611,111
Tula
eTechnology,
Inc.,
E
......................
9/08/17
6,500,000
7,241,610
Total
Restricted
Securities
(Value
is
3.8%
of
Net
Assets)
...............
$143,165,881
$108,634,152
Principal
Amount
*
/
Shares
/
Warrants
Issuer
Acquisition
Date
Cost
Value
Franklin
Small-Mid
Cap
Growth
Fund
414,483
Anduril
Industries,
Inc.,
F
......................
7/17/24
$
9,009,451
$
9,009,451
347,106
Benchling,
Inc.,
F
............................
10/20/21
11,349,082
5,569,019
3,389,282
c
Blaize
Events
&
Media
Inc
.....................
3/02/21
-
1/15/25
30,185,685
20,335,693
3.
Restricted
Securities
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
120
franklintempleton.com
Quarterly
Schedules
of
Investments
4.
Holding
of
5%
Voting
Securities
of
Portfolio
Companies
The
1940
Act
defines
"affiliated
companies"
to
include
investments
in
portfolio
companies
in
which
a
fund
owns
5%
or
more
of
the
outstanding
voting
securities.
Additionally,
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
companies’
outstanding
shares
or
has
the
power
to
exercise
control
over
management
or
policies
of
such
company.
During
the
period
ended
January
31,
2025,
investments
in
“affiliated
companies”
were
as
follows: 
Principal
Amount*/
Shares/
Warrants
Issuer
Acquisition
Date
Cost
Value
Franklin
Small-Mid
Cap
Growth
Fund
(continued)
227,829
Databricks,
Inc.,
G
...........................
2/01/21
$
13,469,850
$
21,074,183
793,714
Fanatics
Holdings,
Inc.
........................
8/13/20
-
3/22/21
14,052,061
53,305,959
423,782
Newsela,
Inc.,
D
.............................
1/21/21
8,965,193
7,856,190
767,526
OneTrust
LLC,
C
............................
4/01/21
15,051,415
11,139,767
2,970,061
Phononic
Devices,
Inc.,
F-S
....................
6/06/19
7,499,998
419
513,050
Phononic
Devices,
Inc.,
G-2-S
..................
1/17/20
-
11/03/20
47
2,613
117,763
Phononic,
Inc.,
H-S
..........................
10/17/22
460,645
397,849
15,980
Phononic,
Inc.,
H-S,
12/31/29
...................
5/15/24
-
10/01/24
1
—
132,470
Phononic,
Inc.,
H-S,
5.31%,
11/30/27
.............
5/15/24
-
10/01/24
132,470
132,470
47,104
Phononic,
Inc.,
H-S-X,
12/31/29
.................
10/17/22
44,029
7,269
Total
Restricted
Securities
(Value
is
3.1%
of
Net
Assets)
...............
$110,219,927
$128,830,882
*
In
U.S.
dollars
unless
otherwise
indicated.
a
The
Fund
also
invests
in
unrestricted
securities
of
the
issuer,
valued
at
$3,052,045
as
of
January
31,
2025.
b
The
Fund
also
invests
in
unrestricted
securities
of
the
issuer,
valued
at
$534,673
as
of
January
31,
2025.
c
The
Fund
also
invests
in
unrestricted
securities
of
the
issuer,
valued
at
$—
as
of
January
31,
2025.
d
The
Fund
also
invests
in
unrestricted
securities
of
the
issuer,
valued
at
$5,076,838
as
of
January
31,
2025.
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares/Warrants/
Principal
Amount*
Held
at
End
of
Period
Investment
Income
Franklin
Biotechnology
Discovery
Fund
Non-Controlled
Affiliates
Dividends
Achieve
Life
Sciences
Inc
$
9,574,700
$
—
$
(4,358,315)
$
(1,362,289)
$
—
a
$
—
a
—
a
$
—
Achieve
Life
Sciences,
Inc.,
8/31/27
......
863,880
—
—
—
—
a
—
a
—
a
—
Benitec
Biopharma,
Inc
.
3,083,295
2,997,659
b
—
—
8,821,748
14,902,702
1,297,015
—
Benitec
Biopharma,
Inc.,
2/20/49
..........
2,626,913
—
—
—
945,079
3,571,992
310,881
—
Total
Affiliated
Securities
(Value
is
2.3%
of
Net
Assets)
..........
$16,148,788
$2,997,659
$(4,358,315)
$(1,362,289)
$9,766,827
$18,474,694
$—
3.
Restricted
Securities
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
121
franklintempleton.com
Quarterly
Schedules
of
Investments
5.
Investments
in
Affiliated
Management
Investment
Companies
Certain
or
all
Funds
invest
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
Funds
do
not
invest
for
purposes
of
exercising
a
controlling
influence
over
the
management
or
policies.
During
the
period
ended
January
31,
2025,
investments
in
affiliated
management
investment
companies
were
as
follows: 
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares/Warrants/
Principal
Amount*
Held
at
End
of
Period
Investment
Income
Franklin
Small
Cap
Growth
Fund
Non-Controlled
Affiliates
Dividends
1661,
Inc.,
F
........
$
7,235,237
$
—
$
—
$
—
$
—
a
$
—
a
—
a
$
—
Benchling,
Inc.,
F
.....
5,363,582
—
—
—
—
a
—
a
—
a
—
Total
Affiliated
Securities
(Value
is
—%
of
Net
Assets)
..........
$12,598,819
$—
$—
$—
$—
$—
$—
Franklin
Small-Mid
Cap
Growth
Fund
Non-Controlled
Affiliates
Dividends
Benchling,
Inc.,
F
.....
4,869,742
—
—
—
—
a
—
a
—
a
—
Blaize,
Inc.,
9/19/25
...
130,391
—
(5)
—
—
a
—
a
—
a
—
Blaize,
Inc.,
12/09/25
..
—
—
—
—
—
a
—
a
—
a
—
Blaize,
Inc.,
8/23/33
...
—
—
—
—
—
a
—
a
—
a
—
Blaize,
Inc.,
D
.......
11,660,901
—
—
—
—
a
—
a
—
a
—
Blaize,
Inc.,
D-2
......
6,776,488
—
—
—
—
a
—
a
—
a
—
Interest
Blaize,
Inc.,
10%,
12/31/25.
........
570,178
—
(570,121)
—
—
a
—
a
—
a
90,770
Blaize,
Inc.,
10%,
12/31/25
1,804,600
—
(1,804,600)
—
—
a
—
a
—
a
128,442
Total
Affiliated
Securities
(Value
is
—%
of
Net
Assets)
..........
$25,812,300
$—
$(2,374,726)
$—
$—
$—
$219,212
*In
U.S.
dollars
unless
otherwise
indicated.
a
As
of
January
31,
2025,
no
longer
an
affiliate.
b
May
include
accretion,
amortization,
and/or
other
cost
basis
adjustments.
4.
Holding
of
5%
Voting
Securities
of
Portfolio
Companies
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
122
franklintempleton.com
Quarterly
Schedules
of
Investments
    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
Biotechnology
Discovery
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.089%
$27,497,723
$193,192,536
$(188,987,968)
$—
$—
$31,702,291
31,702,291
$722,893
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.089%
$7,029,635
$132,990,398
$(129,929,418)
$—
$—
$10,090,615
10,090,615
$524,023
Total
Affiliated
Securities
...
$34,527,358
$326,182,934
$(318,917,386)
$—
$—
$41,792,906
$1,246,916
Franklin
Core
Plus
Bond
Fund
Non-Controlled
Affiliates
Dividends
Franklin
BSP
Real
Estate
Credit
BDC
..................
$—
$20,405,983
$—
$—
$400,697
$20,806,680
786,907
$599,500
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.089%
17,475,027
484,050,283
(426,061,403)
—
—
75,463,907
75,463,907
2,089,188
Total
Affiliated
Securities
...
$17,475,027
$504,456,266
$(426,061,403)
$—
$400,697
$96,270,587
$2,688,688
Franklin
Growth
Opportunities
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.089%
$5,778,248
$600,822,157
$(559,525,620)
$—
$—
$47,074,785
47,074,785
$704,643
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.089%
$24,049,725
$173,586,795
$(162,847,965)
$—
$—
$34,788,555
34,788,555
$659,639
Total
Affiliated
Securities
...
$29,827,973
$774,408,952
$(722,373,585)
$—
$—
$81,863,340
$1,364,282
Franklin
Natural
Resources
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.089%
$996,110
$70,647,056
$(68,120,906)
$—
$—
$3,522,260
3,522,260
$191,956
5.
Investments
in
Affiliated
Management
Investment
Companies
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
123
franklintempleton.com
Quarterly
Schedules
of
Investments
6. Fair
Value
Measurements
The Funds
follow
a
fair
value
hierarchy
that
distinguishes
between
market
data
obtained
from
independent
sources
(observable
inputs)
and
the Funds'
own
market
assumptions
(unobservable
inputs).
These
inputs
are
used
in
determining
the
value
of
the Funds' financial
instruments
and
are
summarized
in
the
following
fair
value
hierarchy:
Level
1
–
quoted
prices
in
active
markets
for
identical
financial
instruments
Level
2
–
other
significant
observable
inputs
(including
quoted
prices
for
similar
financial
instruments,
interest
rates,
prepayment
speed,
credit
risk,
etc.)
    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
Franklin
Natural
Resources
Fund
(continued)
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.089%
$5,847,240
$100,955,929
$(100,865,569)
$—
$—
$5,937,600
5,937,600
$143,421
Total
Affiliated
Securities
...
$6,843,350
$171,602,985
$(168,986,475)
$—
$—
$9,459,860
$335,377
Franklin
Small
Cap
Growth
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.089%
$90,555,123
$463,491,555
$(510,060,141)
$—
$—
$43,986,537
43,986,537
$1,042,134
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.089%
$16,408,075
$183,448,775
$(199,251,225)
$—
$—
$605,625
605,625
$438,462
Total
Affiliated
Securities
...
$106,963,198
$646,940,330
$(709,311,366)
$—
$—
$44,592,162
$1,480,596
Franklin
Small-Mid
Cap
Growth
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.089%
$112,627,227
$515,851,408
$(556,562,485)
$—
$—
$71,916,150
71,916,150
$3,114,544
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.089%
$19,901,900
$70,001,588
$(89,903,488)
$—
$—
$—
—
$240,343
Total
Affiliated
Securities
...
$132,529,127
$585,852,996
$(646,465,973)
$—
$—
$71,916,150
$3,354,887
5.
Investments
in
Affiliated
Management
Investment
Companies
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
124
franklintempleton.com
Quarterly
Schedules
of
Investments
Level
3
–
significant
unobservable
inputs
(including
the Funds'
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
January
31,
2025,
in
valuing
the
Funds'
assets
and
liabilities carried
at
fair
value,
is
as
follows:
Level
1
Level
2
Level
3
Total
Franklin
Biotechnology
Discovery
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Biotechnology
.........................
$
606,602,668
$
7,082,665
$
419,218
$
614,104,551
Health
Care
Providers
&
Services
..........
15,191,735
—
—
15,191,735
Life
Sciences
Tools
&
Services
............
24,259,821
2,328,847
—
26,588,668
Pharmaceuticals
.......................
98,635,164
—
—
98,635,164
Real
Estate
Management
&
Development
....
—
—
1,582,761
1,582,761
Convertible
Preferred
Stocks
................
—
—
1,538,312
1,538,312
Preferred
Stocks
.........................
—
2,654,857
—
2,654,857
Warrants
:
Biotechnology
.........................
—
3,571,992
611,054
4,183,046
Pharmaceuticals
.......................
32,528
—
—
32,528
Convertible
Bonds
.......................
—
—
7,375,220
7,375,220
Escrows
and
Litigation
Trusts
...............
—
—
—
a
—
Short
Term
Investments
...................
41,792,906
—
—
41,792,906
Total
Investments
in
Securities
...........
$786,514,822
$15,638,361
b
$11,526,565
$813,679,748
Franklin
Core
Plus
Bond
Fund
Assets:
Investments
in
Securities:
c
Common
Stocks
:
Broadline
Retail
.......................
—
—
—
a
—
Hotels,
Restaurants
&
Leisure
.............
—
1,927
—
1,927
Machinery
............................
—
623,951
—
623,951
Oil,
Gas
&
Consumable
Fuels
.............
28,238
285,137
—
313,375
Management
Investment
Companies
.........
—
—
20,806,680
20,806,680
Preferred
Stocks
.........................
—
11,005
—
11,005
Warrants
...............................
—
—
6
a
6
Corporate
Bonds
:
Aerospace
&
Defense
...................
—
24,348,255
—
24,348,255
Air
Freight
&
Logistics
...................
—
905,693
—
905,693
Automobile
Components
.................
—
7,704,714
—
7,704,714
Automobiles
..........................
—
8,201,131
—
8,201,131
Banks
...............................
—
147,970,346
—
147,970,346
Beverages
...........................
—
5,390,068
—
5,390,068
Biotechnology
.........................
—
10,297,256
—
10,297,256
Broadline
Retail
.......................
—
4,603,050
—
a
4,603,050
Building
Products
......................
—
13,354,903
—
13,354,903
Capital
Markets
........................
—
80,746,625
—
80,746,625
Chemicals
...........................
—
28,208,666
—
28,208,666
Commercial
Services
&
Supplies
...........
—
14,278,349
—
14,278,349
Construction
&
Engineering
...............
—
5,705,149
—
5,705,149
Construction
Materials
..................
—
1,987,795
—
1,987,795
Consumer
Finance
.....................
—
41,401,859
—
41,401,859
Consumer
Staples
Distribution
&
Retail
......
—
5,361,668
—
5,361,668
Containers
&
Packaging
.................
—
9,596,398
—
9,596,398
Distributors
...........................
—
4,385,504
—
4,385,504
Diversified
Consumer
Services
............
—
7,117,384
—
7,117,384
6. Fair
Value
Measurements
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
125
franklintempleton.com
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Core
Plus
Bond
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
(continued)
Corporate
Bonds:
(continued)
Diversified
REITs
......................
$
—
$
4,651,102
$
—
$
4,651,102
Diversified
Telecommunication
Services
.....
—
17,843,444
—
17,843,444
Electric
Utilities
........................
—
58,400,728
—
58,400,728
Electrical
Equipment
....................
—
1,791,678
—
1,791,678
Electronic
Equipment,
Instruments
&
Components
........................
—
18,857,823
—
18,857,823
Energy
Equipment
&
Services
.............
—
9,585,812
—
9,585,812
Entertainment
.........................
—
5,356,539
—
5,356,539
Financial
Services
......................
—
12,668,582
—
a
12,668,582
Food
Products
........................
—
19,813,196
—
19,813,196
Gas
Utilities
..........................
—
1,850,579
—
1,850,579
Ground
Transportation
..................
—
18,780,576
—
18,780,576
Health
Care
Equipment
&
Supplies
.........
—
17,598,621
—
17,598,621
Health
Care
Providers
&
Services
..........
—
60,028,081
—
60,028,081
Health
Care
REITs
.....................
—
5,434,168
—
5,434,168
Hotel
&
Resort
REITs
...................
—
9,890,077
—
9,890,077
Hotels,
Restaurants
&
Leisure
.............
—
43,800,466
—
43,800,466
Household
Durables
....................
—
14,834,455
—
14,834,455
Household
Products
....................
—
4,490,922
—
4,490,922
Independent
Power
and
Renewable
Electricity
Producers
..........................
—
27,801,298
—
27,801,298
Industrials
............................
—
3,600,000
—
3,600,000
Insurance
............................
—
57,914,163
—
57,914,163
Interactive
Media
&
Services
..............
—
8,020,272
—
8,020,272
IT
Services
...........................
—
18,888,300
—
18,888,300
Machinery
............................
—
9,130,522
—
9,130,522
Media
...............................
—
52,749,102
—
52,749,102
Metals
&
Mining
.......................
—
24,977,833
—
24,977,833
Multi-Utilities
..........................
—
15,886,366
—
15,886,366
Oil,
Gas
&
Consumable
Fuels
.............
—
134,808,110
—
134,808,110
Paper
&
Forest
Products
.................
—
10,009,739
—
10,009,739
Passenger
Airlines
.....................
—
3,306,636
—
3,306,636
Personal
Care
Products
.................
—
22,576,747
—
22,576,747
Pharmaceuticals
.......................
—
25,923,221
—
25,923,221
Specialized
REITs
......................
—
8,440,949
—
8,440,949
Specialty
Retail
........................
—
1,851,485
—
1,851,485
Technology
Hardware,
Storage
&
Peripherals
.
—
12,217,410
—
12,217,410
Textiles,
Apparel
&
Luxury
Goods
..........
—
5,430,439
—
5,430,439
Tobacco
.............................
—
9,602,122
—
9,602,122
Trading
Companies
&
Distributors
..........
—
22,295,552
—
22,295,552
Transportation
Infrastructure
..............
—
685,608
—
685,608
Wireless
Telecommunication
Services
.......
—
25,883,255
30,370
25,913,625
Senior
Floating
Rate
Interests
...............
—
64,582,191
—
a
64,582,191
Marketplace
Loans
.......................
—
—
30,932,958
30,932,958
Foreign
Government
and
Agency
Securities
....
—
57,275,814
—
57,275,814
U.S.
Government
and
Agency
Securities
.......
—
495,908,729
—
495,908,729
Asset-Backed
Securities
...................
—
66,950,538
—
66,950,538
Commercial
Mortgage-Backed
Securities
......
—
42,278,839
—
42,278,839
Mortgage-Backed
Securities
................
—
549,331,565
—
549,331,565
Residential
Mortgage-Backed
Securities
.......
—
43,920,690
—
43,920,690
Escrows
and
Litigation
Trusts
...............
—
90,000
—
a
90,000
Short
Term
Investments
...................
75,463,907
—
—
75,463,907
Total
Investments
in
Securities
...........
$75,492,145
$2,570,501,177
$51,770,014
$2,697,763,336
6. Fair
Value
Measurements
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
126
franklintempleton.com
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Core
Plus
Bond
Fund
(continued)
Assets:
(continued)
Other
Financial
Instruments:
Forward
Exchange
Contracts
...............
$—
$294,569
$—
$294,569
Futures
Contracts
.......................
1,742,915
—
—
1,742,915
Swap
Contracts
.........................
—
670,604
—
670,604
Total
Other
Financial
Instruments
.........
$1,742,915
$965,173
$—
$2,708,088
Liabilities:
Other
Financial
Instruments:
Forward
Exchange
Contracts
...............
$—
$21,051
$—
$21,051
Futures
Contracts
........................
13,351,401
—
—
13,351,401
Total
Other
Financial
Instruments
.........
$13,351,401
$21,051
$—
$13,372,452
Franklin
Growth
Opportunities
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Aerospace
&
Defense
...................
$
147,440,457
$
—
$
26,428,545
$
173,869,002
Automobiles
..........................
58,573,133
—
—
58,573,133
Biotechnology
.........................
42,468,054
—
—
42,468,054
Broadline
Retail
.......................
360,359,958
—
—
360,359,958
Building
Products
......................
61,317,083
—
—
61,317,083
Capital
Markets
........................
178,542,714
—
—
178,542,714
Chemicals
...........................
69,860,608
—
—
69,860,608
Commercial
Services
&
Supplies
...........
62,518,416
—
9,381,964
71,900,380
Construction
Materials
..................
31,164,473
—
—
31,164,473
Electrical
Equipment
....................
73,434,603
—
—
73,434,603
Electronic
Equipment,
Instruments
&
Components
........................
31,323,194
—
—
31,323,194
Entertainment
.........................
130,939,162
—
—
130,939,162
Financial
Services
......................
142,727,736
—
—
142,727,736
Food
Products
........................
46,714,837
—
—
46,714,837
Ground
Transportation
..................
31,290,479
—
—
31,290,479
Health
Care
Equipment
&
Supplies
.........
115,921,382
—
—
115,921,382
Health
Care
Providers
&
Services
..........
135,497,606
—
—
135,497,606
Hotels,
Restaurants
&
Leisure
.............
113,544,997
—
—
113,544,997
Household
Durables
....................
25,238,334
—
—
25,238,334
Interactive
Media
&
Services
..............
477,547,640
—
—
477,547,640
IT
Services
...........................
86,771,464
—
21,419,318
108,190,782
Leisure
Products
.......................
—
—
69,170,868
69,170,868
Life
Sciences
Tools
&
Services
............
111,705,095
—
—
111,705,095
Machinery
............................
35,300,178
—
—
35,300,178
Personal
Care
Products
.................
85,858,956
—
—
85,858,956
Pharmaceuticals
.......................
133,144,460
—
—
133,144,460
Professional
Services
...................
97,794,453
—
—
97,794,453
Real
Estate
Management
&
Development
....
24,744,711
—
—
24,744,711
Semiconductors
&
Semiconductor
Equipment
.
648,587,985
—
—
648,587,985
Software
.............................
765,594,436
—
624,747
a
766,219,183
Specialty
Retail
........................
26,392,954
—
—
26,392,954
Technology
Hardware,
Storage
&
Peripherals
.
248,923,360
—
—
248,923,360
Convertible
Preferred
Stocks
................
—
—
38,795,380
38,795,380
Preferred
Stocks
.........................
—
—
15,882,855
15,882,855
Escrows
and
Litigation
Trusts
...............
—
—
—
a
—
Short
Term
Investments
...................
81,863,340
—
—
81,863,340
Total
Investments
in
Securities
...........
$4,683,106,258
$—
$181,703,677
$4,864,809,935
6. Fair
Value
Measurements
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
127
franklintempleton.com
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Natural
Resources
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Agricultural
Products
&
Services
...........
$
1,872,798
$
—
$
—
$
1,872,798
Construction
&
Engineering
...............
2,518,066
—
—
2,518,066
Construction
Materials
..................
4,461,784
—
—
4,461,784
Copper
..............................
14,818,309
2,084,395
—
16,902,704
Diversified
Chemicals
...................
2,711,313
—
—
2,711,313
Diversified
Metals
&
Mining
...............
17,876,582
4,130,679
—
22,007,261
Electrical
Components
&
Equipment
........
4,223,137
—
—
4,223,137
Fertilizers
&
Agricultural
Chemicals
.........
8,969,938
—
—
8,969,938
Gold
................................
24,918,044
—
—
24,918,044
Heavy
Electrical
Equipment
..............
1,644,127
—
—
1,644,127
Industrial
Gases
.......................
9,568,238
—
—
9,568,238
Industrial
Machinery
&
Supplies
&
Components
2,319,548
—
—
2,319,548
Integrated
Oil
&
Gas
....................
45,654,783
—
—
45,654,783
Metal,
Glass
&
Plastic
Containers
..........
3,953,272
—
—
3,953,272
Oil
&
Gas
Drilling
......................
3,630,854
—
—
3,630,854
Oil
&
Gas
Equipment
&
Services
...........
35,493,676
2,062,409
—
37,556,085
Oil
&
Gas
Exploration
&
Production
.........
66,010,627
2,126,903
—
68,137,530
Oil
&
Gas
Refining
&
Marketing
............
14,160,201
—
—
14,160,201
Oil
&
Gas
Storage
&
Transportation
.........
31,249,382
—
—
31,249,382
Packaged
Foods
&
Meats
................
683,316
—
—
683,316
Paper
&
Plastic
Packaging
Products
&
Materials
2,254,196
—
—
2,254,196
Precious
Metals
&
Minerals
...............
—
1,170,333
—
1,170,333
Specialty
Chemicals
....................
2,834,953
—
—
2,834,953
Steel
................................
2,865,676
—
—
2,865,676
Convertible
Preferred
Stocks
...............
1,248,016
—
—
1,248,016
Warrants
..............................
443,383
—
—
443,383
Convertible
Bonds
.......................
—
2,161,197
—
2,161,197
Short
Term
Investments
...................
9,459,860
—
—
9,459,860
Total
Investments
in
Securities
...........
$315,844,079
$13,735,916
d
$—
$329,579,995
Level
1
Level
2
Level
3
Total
Franklin
Small
Cap
Growth
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Aerospace
&
Defense
...................
$
187,738,814
$
—
$
—
$
187,738,814
Banks
...............................
64,330,307
—
—
64,330,307
Biotechnology
.........................
211,415,039
—
—
211,415,039
Building
Products
......................
35,227,062
—
—
35,227,062
Capital
Markets
........................
87,126,811
—
—
87,126,811
Communications
Equipment
..............
14,591,300
—
—
14,591,300
Construction
&
Engineering
...............
115,510,199
—
—
115,510,199
Consumer
Staples
Distribution
&
Retail
......
18,092,886
—
—
18,092,886
Diversified
Consumer
Services
............
5,982,129
—
—
5,982,129
Electronic
Equipment,
Instruments
&
Components
........................
49,973,329
—
—
49,973,329
Energy
Equipment
&
Services
.............
35,764,337
—
—
35,764,337
Financial
Services
......................
136,363,043
—
—
136,363,043
Food
Products
........................
89,069,526
—
—
89,069,526
Health
Care
Equipment
&
Supplies
.........
144,108,306
—
—
144,108,306
Health
Care
Providers
&
Services
..........
103,880,290
—
—
103,880,290
Health
Care
Technology
.................
36,694,389
—
—
36,694,389
6. Fair
Value
Measurements
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
128
franklintempleton.com
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Small
Cap
Growth
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
(continued)
Common
Stocks:
(continued)
Hotel
&
Resort
REITs
...................
$
11,985,721
$
—
$
—
$
11,985,721
Hotels,
Restaurants
&
Leisure
.............
175,946,414
—
—
175,946,414
Household
Durables
....................
51,826,965
—
—
51,826,965
Industrial
REITs
.......................
22,160,310
—
—
22,160,310
Interactive
Media
&
Services
..............
17,905,444
—
—
17,905,444
IT
Services
...........................
41,952,459
—
—
41,952,459
Life
Sciences
Tools
&
Services
............
2,465,135
—
—
2,465,135
Machinery
............................
32,854,691
—
—
32,854,691
Media
...............................
42,936,150
—
—
42,936,150
Oil,
Gas
&
Consumable
Fuels
.............
53,030,692
—
—
53,030,692
Passenger
Airlines
.....................
83,998,552
—
—
83,998,552
Personal
Care
Products
.................
73,718,376
—
—
73,718,376
Pharmaceuticals
.......................
61,757,091
—
—
61,757,091
Professional
Services
...................
52,465,623
—
—
52,465,623
Semiconductors
&
Semiconductor
Equipment
.
175,396,046
—
—
175,396,046
Software
.............................
374,463,813
15,259,084
366,249
390,089,146
Specialty
Retail
........................
62,606,068
—
—
62,606,068
Textiles,
Apparel
&
Luxury
Goods
..........
9,659,106
—
—
9,659,106
Trading
Companies
&
Distributors
..........
72,725,832
—
—
72,725,832
Convertible
Preferred
Stocks
................
—
—
74,473,059
74,473,059
Preferred
Stocks
.........................
—
—
18,067,203
a
18,067,203
Rights
.................................
—
—
468,557
468,557
Escrows
and
Litigation
Trusts
...............
—
—
—
a
—
Short
Term
Investments
...................
44,592,162
—
—
44,592,162
Total
Investments
in
Securities
...........
$2,800,314,417
$15,259,084
$93,375,068
$2,908,948,569
Franklin
Small-Mid
Cap
Growth
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Aerospace
&
Defense
...................
175,363,535
—
—
175,363,535
Banks
...............................
26,630,310
—
—
26,630,310
Biotechnology
.........................
116,675,564
—
—
116,675,564
Capital
Markets
........................
409,688,410
—
—
409,688,410
Commercial
Services
&
Supplies
...........
19,018,419
—
—
19,018,419
Containers
&
Packaging
.................
40,378,259
—
—
40,378,259
Electrical
Equipment
....................
103,979,837
—
—
103,979,837
Energy
Equipment
&
Services
.............
29,486,358
—
—
29,486,358
Entertainment
.........................
96,849,079
—
—
96,849,079
Financial
Services
......................
79,150,089
—
—
79,150,089
Food
Products
........................
46,065,280
—
—
46,065,280
Ground
Transportation
..................
73,164,307
—
—
73,164,307
Health
Care
Equipment
&
Supplies
.........
177,724,112
—
—
177,724,112
Health
Care
Providers
&
Services
..........
30,734,192
—
—
30,734,192
Health
Care
Technology
.................
71,068,957
—
—
71,068,957
Hotels,
Restaurants
&
Leisure
.............
268,227,508
—
—
268,227,508
Household
Durables
....................
42,309,398
—
—
42,309,398
Independent
Power
and
Renewable
Electricity
Producers
..........................
35,689,572
—
—
35,689,572
Industrial
REITs
.......................
35,097,503
—
—
35,097,503
Insurance
............................
56,788,037
—
—
56,788,037
Interactive
Media
&
Services
..............
58,763,692
—
—
58,763,692
IT
Services
...........................
236,913,905
—
—
236,913,905
Leisure
Products
.......................
—
—
53,305,959
53,305,959
6. Fair
Value
Measurements
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
129
franklintempleton.com
Quarterly
Schedules
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 January
31,
2025,
the
reconciliations
are
as
follows:
Level
1
Level
2
Level
3
Total
Franklin
Small-Mid
Cap
Growth
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
(continued)
Common
Stocks:
(continued)
Life
Sciences
Tools
&
Services
............
$
54,154,376
$
—
$
—
$
54,154,376
Machinery
............................
43,849,132
—
—
43,849,132
Media
...............................
100,840,418
—
20,335,693
a
121,176,111
Oil,
Gas
&
Consumable
Fuels
.............
88,866,042
—
—
88,866,042
Personal
Care
Products
.................
40,997,898
—
—
40,997,898
Professional
Services
...................
198,464,842
—
—
198,464,842
Residential
REITs
......................
28,327,611
—
—
28,327,611
Semiconductors
&
Semiconductor
Equipment
.
182,494,434
31,968,123
—
a
214,462,557
Software
.............................
664,225,826
—
—
664,225,826
Specialty
Retail
........................
243,372,976
—
—
243,372,976
Trading
Companies
&
Distributors
..........
106,686,465
—
—
106,686,465
Convertible
Preferred
Stocks
................
—
—
54,649,029
54,649,029
Preferred
Stocks
.........................
—
—
400,462
400,462
Warrants
...............................
—
—
7,269
a
7,269
Convertible
Bonds
.......................
—
—
132,470
132,470
Senior
Floating
Rate
Interests
...............
—
—
940,564
940,564
Short
Term
Investments
...................
71,916,150
—
—
71,916,150
Total
Investments
in
Securities
...........
$4,053,962,493
$31,968,123
e
$129,771,446
$4,215,702,062
a
Includes
financial
instruments
determined
to
have
no
value.
b
Includes
foreign
securities
valued
at
$12,066,369,
which
were
categorized
as
Level
2
as
a
result
of
the
application
of
market
level
fair
value
procedures.
See
the
Financial
Instrument
Valuation
note
for
more
information.
c
For
detailed
categories,
see
the
accompanying
Schedule
of
Investments.
d
Includes
foreign
securities
valued
at
$11,574,719,
which
were
categorized
as
Level
2
as
a
result
of
the
application
of
market
level
fair
value
procedures.
See
the
Financial
Instrument
Valuation
note
for
more
information.
e
Includes
foreign
securities
valued
at
$31,968,123,
which
were
categorized
as
Level
2
as
a
result
of
the
application
of
market
level
fair
value
procedures.
See
the
Financial
Instrument
Valuation
note
for
more
information.
Balance
at
Beginning
of
Period
Purchases
a
Sales
b
Transfer
Into
Level
3
c
Transfer
Out
of
Level
3
d
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
Biotechnology
Discovery
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Biotechnology
......
$
8,131,983
$
(930)
$
(3,428,442)
$
—
$
—
$
—
$
—
$
(4,283,393)
$
419,218
$
17,874
Real
Estate
Management
&
Development
.....
1,754,576
—
—
—
—
—
—
(171,815)
1,582,761
(171,815)
Convertible
Preferred
Stocks
:
Household
Products
..
—
1,823,531
—
—
—
—
—
(285,219)
1,538,312
(285,219)
Preferred
Stocks
:
Health
Care
Providers
&
Services
........
946,196
—
(2,084,489)
—
—
—
—
1,138,293
—
—
6. Fair
Value
Measurements
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
130
franklintempleton.com
Quarterly
Schedules
of
Investments
Balance
at
Beginning
of
Period
Purchases
a
Sales
b
Transfer
Into
Level
3
c
Transfer
Out
of
Level
3
d
Net
Accretion
(Amortiza-
tion)
Net
Realized
Gain
(Loss)
Net
Unrealized
Appreciation
(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
Biotechnology
Discovery
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
(continued)
Warrants
:
Biotechnology
......
$
3,992,630
$
—
e
$
(733)
$
—
$
—
$
—
$
—
$
(3,380,843)
$
611,054
$
(252,826)
Convertible
Bonds
:
Biotechnology
......
—
5,000,000
—
—
—
—
—
2,375,220
7,375,220
2,375,220
Escrows
and
Litigation
Trusts
:
—
e
—
—
—
—
—
—
—
—
e
—
Total
Investments
in
Securities
............
$14,825,385
$6,822,601
$(5,513,664)
$—
$—
$—
$—
$(4,607,757)
$11,526,565
$1,683,234
Franklin
Core
Plus
Bond
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Broadline
Retail
.....
—
e
—
—
—
—
—
—
—
—
e
—
Oil,
Gas
&
Consumable
Fuels
..........
3,537,988
—
(3,591,876)
—
—
—
—
53,888
—
—
Management
Investment
Companies
:
Capital
Markets
.....
—
20,405,983
—
—
—
—
—
400,697
20,806,680
400,697
Warrants
:
Machinery
.........
268
—
—
—
—
—
—
(262)
6
(262)
Oil,
Gas
&
Consumable
Fuels
..........
—
e
—
—
e
—
—
—
—
—
—
e
—
Software
..........
—
e
—
—
—
—
—
—
—
—
e
—
Corporate
Bonds
:
Broadline
Retail
.....
—
e
—
—
—
—
—
—
—
—
e
—
Financial
Services
...
—
e
—
—
—
—
—
—
—
—
e
—
Wireless
Telecommunication
Services
........
—
—
(25,638)
62,391
—
12,763
19,396
(38,542)
30,370
(26,567)
Senior
Floating
Rate
Interests
:
Software
..........
—
e
—
—
—
—
—
—
—
—
e
—
Marketplace
Loans
:
Financial
Services
...
37,995,687
12,014,237
(17,958,487)
—
—
—
(82,244)
(1,036,235)
30,932,958
(1,644,760)
Escrows
and
Litigation
Trusts
...........
—
e
—
—
—
—
—
—
—
—
e
—
Total
Investments
in
Securities
............
$41,533,943
$32,420,220
$(21,576,001)
$62,391
$—
$12,763
$(62,848)
$(620,454)
$51,770,014
$(1,270,892)
Franklin
Growth
Opportunities
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Aerospace
&
Defense
.
13,857,129
—
—
—
—
—
—
12,571,416
26,428,545
12,571,416
Commercial
Services
&
Supplies
........
8,661,941
—
—
—
—
—
—
720,023
9,381,964
720,023
IT
Services
........
15,917,783
—
—
—
—
—
—
5,501,535
21,419,318
5,501,535
Leisure
Products
....
75,342,166
—
—
—
—
—
—
(6,171,298)
69,170,868
(6,171,298)
Software
..........
651,101
—
e
(16,142)
—
—
—
16,142
(26,354)
624,747
e
(26,354)
6. Fair
Value
Measurements
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
131
franklintempleton.com
Quarterly
Schedules
of
Investments
Balance
at
Beginning
of
Period
Purchases
a
Sales
b
Transfer
Into
Level
3
c
Transfer
Out
of
Level
3
d
Net
Accretion
(Amortiza-
tion)
Net
Realized
Gain
(Loss)
Net
Unrealized
Appreciation
(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
Growth
Opportunities
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
(continued)
Convertible
Preferred
Stocks
:
Software
..........
$
45,207,350
$
—
$
(2,010,964)
$
—
$
—
$
—
$
(18,319,507)
$
13,918,501
$
38,795,380
$
5,548,534
Preferred
Stocks
:
Commercial
Services
&
Supplies
........
9,017,603
—
—
—
—
—
—
52,998
9,070,601
52,998
Health
Care
Providers
&
Services
........
20,363,384
—
(17,337,410)
—
—
—
—
(3,025,974)
—
—
Software
..........
15,536,986
—
(7,625,811)
—
—
—
(3,892,144)
2,793,223
6,812,254
(153,544)
Escrows
and
Litigation
Trusts
:
—
e
—
—
—
—
—
—
—
—
e
—
Total
Investments
in
Securities
............
$204,555,443
$—
$(26,990,327)
$—
$—
$—
$(22,195,509)
$26,334,070
$181,703,677
$18,043,310
Franklin
Small
Cap
Growth
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Software
..........
10,381,691
—
—
—
(9,999,993)
—
—
(15,449)
366,249
(15,449)
Convertible
Preferred
Stocks
:
Automobile
Components
9,999,899
—
—
—
—
—
—
4,230,535
14,230,434
4,230,535
Diversified
Consumer
Services
........
12,915,705
—
—
—
—
—
—
228,790
13,144,495
228,790
Software
..........
39,224,845
—
—
—
—
—
—
821,291
40,046,136
821,291
Specialty
Retail
.....
7,235,237
—
—
—
—
—
—
(183,243)
7,051,994
(183,243)
Preferred
Stocks
:
Automobile
Components
6,478,900
e
—
—
—
—
—
—
762,710
7,241,610
e
762,710
Commercial
Services
&
Supplies
........
8,998,985
—
—
—
—
—
—
52,888
9,051,873
52,888
Software
..........
2,228,339
—
—
—
—
—
—
(454,619)
1,773,720
(454,619)
Rights
:
Biotechnology
......
395,806
—
—
—
—
—
—
72,751
468,557
72,751
Escrows
and
Litigation
Trusts
...........
—
e
—
—
—
—
—
—
—
—
e
—
Total
Investments
in
Securities
............
$97,859,407
$—
$—
$—
$(9,999,993)
$—
$—
$5,515,654
$93,375,068
$5,515,654
Franklin
Small-Mid
Cap
Growth
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Leisure
Products
....
58,061,819
—
—
—
—
—
—
(4,755,860)
53,305,959
(4,755,860)
Media
...........
—
31,957,525
e
—
—
—
—
(11)
(11,621,821)
20,335,693
e
(11,621,821)
Semiconductors
&
Semiconductor
Equipment
.......
—
—
e
—
—
—
—
—
—
—
e
—
Convertible
Preferred
Stocks
:
Diversified
Consumer
Services
........
7,719,448
—
—
—
—
—
—
136,742
7,856,190
136,742
6. Fair
Value
Measurements
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
132
franklintempleton.com
Quarterly
Schedules
of
Investments
Balance
at
Beginning
of
Period
Purchases
a
Sales
b
Transfer
Into
Level
3
c
Transfer
Out
of
Level
3
d
Net
Accretion
(Amortiza-
tion)
Net
Realized
Gain
(Loss)
Net
Unrealized
Appreciation
(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
Small-Mid
Cap
Growth
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
(continued)
Convertible
Preferred
Stocks:
(continued)
Semiconductors
&
Semiconductor
Equipment
.......
$
42,101
$
—
$
—
$
—
$
—
$
—
$
—
$
(41,682)
$
419
$
(41,682)
Software
..........
52,032,311
—
(27,446,004)
—
—
—
—
13,196,662
37,782,969
4,188,047
Trading
Companies
&
Distributors
......
—
9,009,451
—
—
—
—
—
—
9,009,451
—
Preferred
Stocks
:
Semiconductors
&
Semiconductor
Equipment
.......
429,965
—
—
—
—
—
—
(29,503)
400,462
(29,503)
Warrants
:
Semiconductors
&
Semiconductor
Equipment
.......
12,474
—
e
—
—
—
—
—
(5,205)
7,269
e
(5,205)
Software
..........
130,391
e
—
(62)
e
—
—
—
—
(130,329)
—
—
Convertible
Bonds
:
Semiconductors
&
Semiconductor
Equipment
.......
—
132,470
—
—
—
—
—
—
132,470
—
Software
..........
1,804,600
—
(1,804,600)
—
—
—
—
—
—
—
Corporate
Bonds
:
Software
..........
570,178
—
(570,121)
—
—
—
—
(57)
—
—
Senior
Floating
Rate
Interests
:
Semiconductors
&
Semiconductor
Equipment
.......
813,040
52,098
—
—
—
31,294
—
44,132
940,564
44,132
Total
Investments
in
Securities
............
$121,616,327
$41,151,544
$(29,820,787)
$—
$—
$31,294
$(11)
$(3,206,921)
$129,771,446
$(12,085,150)
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
Transferred
into
Level
3
as
a
result
of
the
unavailability
of
a
quoted
market
price
in
an
active
market
for
identical
securities
or
as
a
result
of
the
unreliability
of
the
foreign
exchange
rate
and
other
significant
observable
valuation
inputs.
May
include
amounts
related
to
a
corporate
action.
d
Transferred
out
of
Level
3
as
a
result
of
the
availability
of
a
quoted
price
in
an
active
market
for
identical
securities
and
other
significant
observable
valuation
inputs.
May
include
amounts
related
to
a
corporate
action.
e
Includes
financial
instruments
determined
to
have
no
value.
6. Fair
Value
Measurements
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
133
franklintempleton.com
Quarterly
Schedules
of
Investments
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
January
31,
2025,
are
as
follows:
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
Biotechnology
Discovery
Fund
Assets:
Investments
in
Securities:
Convertible
Bonds:
Biotechnology
...............
$7,375,220
Discount
for
lack
of
marketability
Asset
Price
$0.4
Increase
Discount
for
lack
of
marketability
2.1%
Decrease
All
Other
Investments
..........
4,151,345
c,d
Total
.......................
$11,526,565
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
Core
Plus
Bond
Fund
Assets:
Investments
in
Securities:
Marketplace
Loans:
Financial
Services
...........
$30,932,958
Discounted
cash
flow
Loss-adjusted
discount
rate
1.9%
-
12.2%
(9.8%)
Decrease
Projected
loss
rate
0.0%
-
86.7%
(21.1%)
Decrease
All
Other
Investments
..........
20,837,056
c,d
Total
.......................
$51,770,014
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
Growth
Opportunities
Fund
Assets:
Investments
in
Securities:
Common
Stocks:
Leisure
Products
............
$69,170,868
Market
comparables
Discount
for
lack
of
marketability
10.5%
Decrease
EV
/
revenue
multiple
4.0x
Increase
Trade
Price
$60.0
Increase
All
Other
Investments
..........
112,532,809
c,d
Total
.......................
$181,703,677
6. Fair
Value
Measurements
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
134
franklintempleton.com
Quarterly
Schedules
of
Investments
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
Small
Cap
Growth
Fund
Assets:
Investments
in
Securities:
Convertible
Preferred
Stocks:
Software
...................
$21,763,974
Market
comparables
Discount
for
lack
of
marketability
9.2%
Decrease
Estimated
Revenue
$461.3
mil
Increase
EV
/
revenue
multiple
6.0x
Increase
Volatility
34.1%
Increase
All
Other
Investments
..........
71,611,094
c,d
Total
.......................
$93,375,068
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
Small-Mid
Cap
Growth
Fund
Assets:
Investments
in
Securities:
Common
Stocks:
Leisure
Products
............
$53,305,959
Market
comparables
Discount
for
lack
of
marketability
10.5%
Decrease
EV
/
revenue
multiple
4.0x
Increase
Trade
Price
$60.0
Increase
All
Other
Investments
..........
76,465,487
c,d
Total
.......................
$129,771,446
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
fair
value
of
immaterial
assets
and/or
liabilities
developed
using
various
valuation
techniques
and
unobservable
inputs.
May
also
include
values
derived
using
recent
transactions,
private
transaction
prices
or
non-public
third-party
pricing
information
which
is
unobservable.
d
Includes
financial
instruments
determined
to
have
no
value.
Abbreviations
List
EV
-
Enterprise
value
6. Fair
Value
Measurements
(continued)
Franklin
Strategic
Series
Notes
to
Schedules
of
Investments
(unaudited)
135
franklintempleton.com
Quarterly
Schedules
of
Investments
Abbreviations
Counterparty
CITI
Citibank
NA
JPHQ
JPMorgan
Chase
Bank
NA
Currency
BRL
Brazilian
Real
COP
Colombian
Peso
EUR
Euro
USD
United
States
Dollar
Selected
Portfolio
ADR
American
Depositary
Receipt
BDC
Business
Development
Company
BZDIOVRA
Brazil
Inter-Bank
Deposit
Rate
CLO
Collateralized
Loan
Obligation
CME
Chicago
Mercantile
Exchange
CMT
Constant
Monthly
U.S.
Treasury
Securities
Yield
Curve
Rate
Index
CVR
Contingent
Value
Right
FFCB
Federal
Farm
Credit
Banks
Funding
Corp.
FHLMC
Federal
Home
Loan
Mortgage
Corp.
FNMA
Federal
National
Mortgage
Association
FRN
Floating
Rate
Note
GNMA
Government
National
Mortgage
Association
MBS
Mortgage-Backed
Security
PIK
Payment-In-Kind
REIT
Real
Estate
Investment
Trust
REMIC
Real
Estate
Mortgage
Investment
Conduit
SOFR
Secured
Overnight
Financing
Rate
STACR
Structured
Agency
Credit
Risk
T-Note
Treasury
Note
For
additional
information
on
the
Funds'
significant
accounting
policies,
please
refer
to
the Funds'
most
recent
semiannual
or
annual
shareholder
report.