Shell plc

NPORT-P false 0000872625 XXXXXXXX S000006887 C000018649 C000018648 C000018647 C000132949 Franklin Strategic Series 811-06243 0000872625 549300NDWC0J6DXVSX36 One Franklin Parkway San Mateo 94403-1906 650-312-2000 Franklin Natural Resources Fund S000006887 TCWS4YX3L8J5QHI4RW34 2025-04-30 2025-04-30 N 304603482.23 9392456.63 295211025.60 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 66034.38000000 N Shell plc 21380068P1DRHMJ8KU70 Shell plc 780259305 89600.00000000 NS USD 5777408.00000000 1.957043436388 Long EC CORP GB N 1 N N N Exxon Mobil Corp. J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corp. 30231G102 139706.00000000 NS USD 14757144.78000000 4.998846079683 Long EC CORP US N 1 N N N Valero Energy Corp. 549300XTO5VR8SKV1V74 Valero Energy Corp. 91913Y100 26600.00000000 NS USD 3087994.00000000 1.046029359412 Long EC CORP US N 1 N N N Canadian Natural Resources Ltd. 549300T15RIMIKZC5Q38 Canadian Natural Resources Ltd. 136385101 205100.00000000 NS 5885504.13000000 1.993659998991 Long EC CORP CA N 1 N N N Permian Resources Corp. 529900NXUJPOKU7OJ511 Permian Resources Corp., Class A 71424F105 131600.00000000 NS USD 1552880.00000000 0.526023713661 Long EC CORP US N 1 N N N Tourmaline Oil Corp. 894500A5J1WTJ2WIUU03 Tourmaline Oil Corp. 89156V106 47300.00000000 NS 2089489.34000000 0.707795156279 Long EC CORP CA N 1 N N N Ovintiv, Inc. 2549003MEX7YMKLGI239 Ovintiv, Inc. 69047Q102 39000.00000000 NS USD 1309620.00000000 0.443621642294 Long EC CORP US N 1 N N N Xylem, Inc. 549300DF5MV96DRYLQ48 Xylem, Inc. 98419M100 19400.00000000 NS USD 2339058.00000000 0.792334227776 Long EC CORP US N 1 N N N Anglo American plc 549300S9XF92D1X8ME43 Anglo American plc N/A 55200.00000000 NS 1506870.07000000 0.510438276123 Long EC CORP GB N 2 N N N Antofagasta plc 213800MY6QVH4FVLD628 Antofagasta plc N/A 149800.00000000 NS 3287440.76000000 1.113590101629 Long EC CORP GB N 2 N N N Occidental Petroleum Corp. IM7X0T3ECJW4C1T7ON55 Occidental Petroleum Corp. 674599162 17900.00000000 NS USD 335804.00000000 0.113750494012 Long CORP US N 1 N N N TechnipFMC plc 549300D5I93QWCJTCK36 TechnipFMC plc N/A 116900.00000000 NS USD 3293073.00000000 1.115497970750 Long EC CORP GB N 1 N N N Barrick Gold Corp. 0O4KBQCJZX82UKGCBV73 Barrick Gold Corp. 067901108 362900.00000000 NS USD 6909616.00000000 2.340568407279 Long EC CORP CA N 1 N N N Cadeler A/S 9845008439EUED140282 Cadeler A/S 12738K109 120424.00000000 NS USD 2513248.88000000 0.851339774621 Long EC CORP DK N 1 N N N Phillips 66 5493005JBO5YSIGK1814 Phillips 66 718546104 46500.00000000 NS USD 4838790.00000000 1.639095284522 Long EC CORP US N 1 N N N Vale SA 254900SMTWBX7RU2SR20 Vale SA, Class B 91912E105 199400.00000000 NS USD 1856414.00000000 0.628843044133 Long EC CORP BR N 1 N N N GE Vernova, Inc. 254900DP080RU6OK2553 GE Vernova, Inc. 36828A101 5300.00000000 NS USD 1965346.00000000 0.665742749955 Long EC CORP US N 1 N N N Trican Well Service Ltd. 5493003PMAE3KEW1DL91 Trican Well Service Ltd. 895945103 249600.00000000 NS 733265.63000000 0.248386938973 Long EC CORP CA N 1 N N N Cactus, Inc. 549300J3T8C9F8QFKV08 Cactus, Inc., Class A 127203107 21400.00000000 NS USD 811916.00000000 0.275029023170 Long EC CORP US N 1 N N N B2Gold Corp. 549300F7OK456M5NLM05 B2Gold Corp. 11777QAC4 933000.00000000 PA USD 1143274.88000000 0.387273773964 Long DBT CORP CA N 2 2030-02-01 Fixed 2.75000000 N N N N N B2Gold Corp. B2Gold Corp. CAD XXXX N N N Devon Energy Corp. 54930042348RKR3ZPN35 Devon Energy Corp. 25179M103 45800.00000000 NS USD 1392778.00000000 0.471790644393 Long EC CORP US N 1 N N N Cheniere Energy, Inc. MIHC87W9WTYSYZWV1J40 Cheniere Energy, Inc. 16411R208 16300.00000000 NS USD 3767093.00000000 1.276067854289 Long EC CORP US N 1 N N N Capstone Copper Corp. 549300III6KGKKC42W63 Capstone Copper Corp. 14071L108 495300.00000000 NS 2385602.79000000 0.808100844184 Long EC CORP CA N 1 N N N Glencore plc 2138002658CPO9NBH955 Glencore plc N/A 313300.00000000 NS 1027227.98000000 0.347963961682 Long EC CORP JE N 2 N N N Newmont Corp. 549300VSP3RIX7FGDZ51 Newmont Corp. 651639106 188900.00000000 NS USD 9951252.00000000 3.370894423666 Long EC CORP US N 1 N N N Ranger Energy Services, Inc. 549300J7RIVGVAN0RE23 Ranger Energy Services, Inc., Class A 75282U104 1114.00000000 NS USD 12354.26000000 0.004184891121 Long EC CORP US N 1 N N N Williams Cos., Inc. (The) D71FAKCBLFS2O0RBPG08 Williams Cos., Inc. (The) 969457100 74500.00000000 NS USD 4363465.00000000 1.478083344323 Long EC CORP US N 1 N N N Nutrien Ltd. 5493002QQ7GD21OWF963 Nutrien Ltd. 67077M108 98500.00000000 NS USD 5619425.00000000 1.903528158739 Long EC CORP CA N 1 N N N Hess Corp. UASVRYNXNK17ULIGK870 Hess Corp. 42809H107 45600.00000000 NS USD 5884680.00000000 1.993380832589 Long EC CORP US N 1 N N N South Bow Corp. 2549000XS5TAFA3YF943 South Bow Corp. 83671M105 26840.00000000 NS USD 662679.60000000 0.224476575240 Long EC CORP CA N 1 N N N Huntsman Corp. 5299000V56320A7RIQ67 Huntsman Corp. 447011107 144900.00000000 NS USD 1928619.00000000 0.653301818954 Long EC CORP US N 1 N N N Freeport-McMoRan, Inc. 549300IRDTHJQ1PVET45 Freeport-McMoRan, Inc. 35671D857 245000.00000000 NS USD 8827350.00000000 2.990183033326 Long EC CORP US N 1 N N N Albemarle Corp. HDBLS2Q6GV1LSKQPBS54 Albemarle Corp. 012653200 30800.00000000 NS USD 943404.00000000 0.319569365027 Long EP CORP US N 1 N N N Enbridge, Inc. 98TPTUM4IVMFCZBCUR27 Enbridge, Inc. 29250N105 64300.00000000 NS USD 3002167.00000000 1.016956258289 Long EC CORP CA N 1 N N N Corteva, Inc. 549300WZN9I2QKLS0O94 Corteva, Inc. 22052L104 109300.00000000 NS USD 6775507.00000000 2.295140225955 Long EC CORP US N 1 N N N Hudbay Minerals, Inc. 549300WI524AL577IX21 Hudbay Minerals, Inc. 443628102 250500.00000000 NS 1822511.97000000 0.617359045549 Long EC CORP CA N 1 N N N Ranger Energy Services, Inc. 549300J7RIVGVAN0RE23 Ranger Energy Services, Inc., Class A 75282U104 108786.00000000 NS USD 1206436.74000000 0.408669268889 Long EC CORP US N 1 N N N Teck Resources Ltd. T8KI5SQ2JRWHL7XY0E11 Teck Resources Ltd., Class B 878742204 121500.00000000 NS USD 4129785.00000000 1.398926409203 Long EC CORP CA N 1 N N N Air Products and Chemicals, Inc. 7QEON6Y1RL5XR3R1W237 Air Products and Chemicals, Inc. 009158106 21700.00000000 NS USD 5882653.00000000 1.992694205117 Long EC CORP US N 1 N N N Alamos Gold, Inc. 549300TDOX73YGYXE959 Alamos Gold, Inc., Class A 011532108 226300.00000000 NS 6469231.83000000 2.191392349541 Long EC CORP CA N 1 N N N Neo Performance Materials, Inc. 984500E2A5I396CB6D96 Neo Performance Materials, Inc. N/A 85000.00000000 NS 691172.20000000 0.234128179526 Long EC CORP CA N 1 N N N Matador Resources Co. 549300CI3Q2UUK5R4G79 Matador Resources Co. 576485205 37200.00000000 NS USD 1470888.00000000 0.498249683259 Long EC CORP US N 1 N N N Oil States International, Inc. 5493004TF4KQJGMYL777 Oil States International, Inc. 678026AK1 1200000.00000000 PA USD 1143600.00000000 0.387383905352 Long DBT CORP US N 2 2026-04-01 Fixed 4.75000000 N N N N Y Oil States International, Inc. Oil States International, Inc. USD XXXX N N N Aclara Resources, Inc. N/A Aclara Resources, Inc. 00461M103 489200.00000000 NS 283882.20000000 0.096162465281 Long EC CORP CA N 1 N N N Ball Corp. 0BGI85ALH27ZJP15DY16 Ball Corp. 058498106 45000.00000000 NS USD 2337300.00000000 0.791738721563 Long EC CORP US N 1 N N N Schlumberger NV 213800ZUA17OK3QLGM62 Schlumberger NV 806857108 85100.00000000 NS USD 2829575.00000000 0.958492317232 Long EC CORP CW N 1 N N N IperionX Ltd. 98450096B1C9E094C832 IperionX Ltd. N/A 545000.00000000 NS 1250141.12000000 0.423473722723 Long EC CORP AU N 2 N N N Aker BP ASA 549300NFTY73920OYK69 Aker BP ASA N/A 101900.00000000 NS 2187539.14000000 0.741008617667 Long EC CORP NO N 2 N N N EQT Corp. 4NT01YGM4X7ZX86ISY52 EQT Corp. 26884L109 63800.00000000 NS USD 3154272.00000000 1.068480417893 Long EC CORP US N 1 N N N Chevron Corp. N/A Chevron Corp. 166764100 39100.00000000 NS USD 5319946.00000000 1.802082421951 Long EC CORP US N 1 N N N TC Energy Corp. 549300UGKOFV2IWJJG27 TC Energy Corp. 87807B107 104300.00000000 NS USD 5257763.00000000 1.781018506783 Long EC CORP CA N 1 N N N Halliburton Co. ENYF8GB5SMQZ25S06U51 Halliburton Co. 406216101 99800.00000000 NS USD 1978036.00000000 0.670041369891 Long EC CORP US N 1 N N N TotalEnergies SE 529900S21EQ1BO4ESM68 TotalEnergies SE 89151E109 63100.00000000 NS USD 3587235.00000000 1.215142623047 Long EC CORP FR N 1 N N N ConocoPhillips WPTL2Z3FIYTHSP5V2253 ConocoPhillips 20825C104 95800.00000000 NS USD 8537696.00000000 2.892065424266 Long EC CORP US N 1 N N N Bunge Global SA 254900IVXSV9K0B7PO26 Bunge Global SA N/A 24600.00000000 NS USD 1936512.00000000 0.655975499581 Long EC CORP CH N 1 N N N ERO Copper Corp. 549300KL8A21SEIO8I47 ERO Copper Corp. 296006109 264700.00000000 NS 3306349.92000000 1.119995404399 Long EC CORP CA N 1 N N N Rio Tinto plc 213800YOEO5OQ72G2R82 Rio Tinto plc 767204100 77900.00000000 NS USD 4627260.00000000 1.567441456698 Long EC CORP GB N 1 N N N Reliance, Inc. 549300E287ZOFT3C5Z56 Reliance, Inc. 759509102 5500.00000000 NS USD 1585265.00000000 0.536993832387 Long EC CORP US N 1 N N N Neo Performance Materials, Inc. 984500E2A5I396CB6D96 Neo Performance Materials, Inc. 64046G106 45400.00000000 NS 369167.27000000 0.125051992638 Long EC CORP CA N 1 N N N BHP Group Ltd. WZE1WSENV6JSZFK0JC28 BHP Group Ltd. 088606108 192600.00000000 NS USD 9158130.00000000 3.102231693882 Long EC CORP AU N 1 N N Institutional Fiduciary Trust Money Market Portfolio N/A Institutional Fiduciary Trust Money Market Portfolio 8611239C3 9004750.00000000 NS USD 9004750.00000000 3.050275639840 Long STIV RF US N 1 N N Coterra Energy, Inc. FCNMH6O7VWU7LHXMK351 Coterra Energy, Inc. 127097103 305900.00000000 NS USD 7512904.00000000 2.544926628241 Long EC CORP US N 1 N N N B2Gold Corp. 549300F7OK456M5NLM05 B2Gold Corp. 11777Q209 283200.00000000 NS 885385.17000000 0.299916023868 Long EC CORP CA N 1 N N N ChampionX Corp. 549300EP2909K6DYYP38 ChampionX Corp. 15872M104 59600.00000000 NS USD 1438148.00000000 0.487159311572 Long EC CORP US N 1 N N N Aclara Resources, Inc. 549300V8ITKL5RQLZQ44 Aclara Resources, Inc. N/A 510754.00000000 NS 296389.96000000 0.100399353106 Long EC CORP CA N 1 N N N Precision Drilling Corp. 549300WF2OE8T5BP4B84 Precision Drilling Corp. 74022D407 37000.00000000 NS USD 1543640.00000000 0.522893749263 Long EC CORP CA N 1 N N N T1 Energy, Inc. 529900H0645VFXNMJ693 T1 Energy, Inc. 35834F104 557400.00000000 NS USD 674454.00000000 0.228465044159 Long EC CORP US N 1 N N N Martin Marietta Materials, Inc. 5299005MZ4WZECVATV08 Martin Marietta Materials, Inc. 573284106 10400.00000000 NS USD 5449392.00000000 1.845931055225 Long EC CORP US N 1 N N N Infinity Natural Resources, Inc. N/A Infinity Natural Resources, Inc., Class A 456941103 140700.00000000 NS USD 2159745.00000000 0.731593610235 Long EC CORP US N 1 N N N Occidental Petroleum Corp. IM7X0T3ECJW4C1T7ON55 Occidental Petroleum Corp. 674599105 66100.00000000 NS USD 2605001.00000000 0.882419955252 Long EC CORP US N 1 N N N Oceaneering International, Inc. 549300L6PH74701W0R30 Oceaneering International, Inc. 675232102 73500.00000000 NS USD 1304625.00000000 0.441929632319 Long EC CORP US N 1 N N N Marathon Petroleum Corp. 3BNYRYQHD39K4LCKQF12 Marathon Petroleum Corp. 56585A102 23600.00000000 NS USD 3242876.00000000 1.098494202040 Long EC CORP US N 1 N N N South32 Ltd. 213800LAZNPXSBKVHR17 South32 Ltd. N/A 565300.00000000 NS 974178.80000000 0.329994043420 Long EC CORP AU N 2 N N N Baker Hughes Co. N/A Baker Hughes Co., Class A 05722G100 74600.00000000 NS USD 2640840.00000000 0.894560084479 Long EC CORP US N 1 N N N EOG Resources, Inc. XWTZDRYZPBUHIQBKDB46 EOG Resources, Inc. 26875P101 50100.00000000 NS USD 5527533.00000000 1.872400595054 Long EC CORP US N 1 N N N Cameco Corp. N4BHALMXL3GMZKCUON55 Cameco Corp. 13321L108 27200.00000000 NS USD 1228080.00000000 0.416000722704 Long EC CORP CA N 1 N N N New Fortress Energy, Inc. 254900EICTYTCHA5X705 New Fortress Energy, Inc. 644393100 91300.00000000 NS USD 495759.00000000 0.167933768392 Long EC CORP US N 1 N N N Technip Energies NV 724500FLODI49NSCIP70 Technip Energies NV N/A 46099.00000000 NS 1573087.98000000 0.532868979674 Long EC CORP NL N 2 N N N Crown Holdings, Inc. NYLWZIOY8PUNIT4JOE22 Crown Holdings, Inc. 228368106 17300.00000000 NS USD 1666509.00000000 0.564514484719 Long EC CORP US N 1 N N N Albemarle Corp. HDBLS2Q6GV1LSKQPBS54 Albemarle Corp. 012653101 26200.00000000 NS USD 1534010.00000000 0.519631675978 Long EC CORP US N 1 N N N Institutional Fiduciary Trust - Money Market Portfolio 549300M4TP89K77LG374 Institutional Fiduciary Trust - Money Market Portfolio 457756500 13649888.01100000 NS USD 13649888.01000000 4.623773106799 Long STIV RF US N 1 N N N Kinder Morgan, Inc. 549300WR7IX8XE0TBO16 Kinder Morgan, Inc. 49456B101 160600.00000000 NS USD 4223780.00000000 1.430766344656 Long EC CORP US N 1 N N N Lundin Mining Corp. 549300FQDIM6C8HTN269 Lundin Mining Corp. 550372106 376700.00000000 NS 3082239.95000000 1.044080228282 Long EC CORP CA N 1 N N N Targa Resources Corp. 5493003QENHHS261UR94 Targa Resources Corp. 87612G101 16800.00000000 NS USD 2871120.00000000 0.972565301097 Long EC CORP US N 1 N N N Liberty Energy, Inc. N/A Liberty Energy, Inc., Class A 53115L104 191500.00000000 NS USD 2202250.00000000 0.745991785206 Long EC CORP US N 1 N N N Select Water Solutions, Inc. 54930094OK8LA3QDW486 Select Water Solutions, Inc., Class A 81617J301 150200.00000000 NS USD 1279704.00000000 0.433487874444 Long EC CORP US N 1 N N N MP Materials Corp. 89450063PHPS61USMT84 MP Materials Corp. 553368101 78100.00000000 NS USD 1910326.00000000 0.647105234676 Long EC CORP US N 1 N N N Agnico Eagle Mines Ltd. 254900BFJ2DOHPMEXN45 Agnico Eagle Mines Ltd. 008474108 58600.00000000 NS 6887391.56000000 2.333040084123 Long EC CORP CA N 1 N N N Suncor Energy, Inc. 549300W70ZOQDVLCHY06 Suncor Energy, Inc. 867224107 124400.00000000 NS 4393613.81000000 1.488295974403 Long EC CORP CA N 1 N N N Packaging Corp. of America 549300XZP8MFZFY8TJ84 Packaging Corp. of America 695156109 12000.00000000 NS USD 2227320.00000000 0.754484015450 Long EC CORP US N 1 N N N Linde plc 5299003QR1WT0EF88V51 Linde plc N/A 16100.00000000 NS USD 7297003.00000000 2.471792164662 Long EC CORP IE N 1 N N N 2025-05-30 Franklin Strategic Series Monica Krogh Monica Krogh Assistant Treasurer