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        <name>Cerebras Systems, Inc.</name>
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        <name>CG oncology, Inc.</name>
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        <name>Curtiss-Wright Corp.</name>
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        <name>Fair Isaac Corp.</name>
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        <name>Fastenal Co.</name>
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        <name>Fifth Third Bancorp</name>
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        <name>Forgent Power Solutions, Inc.</name>
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        <name>Phononic, Inc.</name>
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        <name>IDEXX Laboratories, Inc.</name>
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        <name>Insmed, Inc.</name>
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        <name>Franklin Institutional U.S. Government Money Market Fund</name>
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        <name>Ionis Pharmaceuticals, Inc.</name>
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        <name>Jabil, Inc.</name>
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        <name>Jersey Mike's Subs, Inc.</name>
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        <name>Jones Lang LaSalle, Inc.</name>
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        <name>Karman Holdings, Inc.</name>
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        <name>Lattice Semiconductor Corp.</name>
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        <name>Live Nation Entertainment, Inc.</name>
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        <name>Lumentum Holdings, Inc.</name>
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        <name>MACOM Technology Solutions Holdings, Inc.</name>
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        <name>Marriott International, Inc.</name>
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        <name>Monolithic Power Systems, Inc.</name>
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        <name>NVR, Inc.</name>
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        <name>Nasdaq, Inc.</name>
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        <name>Natera, Inc.</name>
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        <name>New York Times Co. (The)</name>
        <lei>529900J1WEMMIW7BOH57</lei>
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        <name>Old Dominion Freight Line, Inc.</name>
        <lei>5299009TWK32WE417T96</lei>
        <title>Old Dominion Freight Line, Inc.</title>
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      <invstOrSec>
        <name>Performance Food Group Co.</name>
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        <name>Procore Technologies, Inc.</name>
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        <name>Everpure, Inc.</name>
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        <name>Quantinuum, Inc.</name>
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        <name>Repligen Corp.</name>
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        <name>Revolution Medicines, Inc.</name>
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        <name>Robinhood Markets, Inc.</name>
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        <name>ROBLOX Corp.</name>
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        <name>Rocket Lab Corp.</name>
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        <name>Benchling, Inc.</name>
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        <name>Simon Property Group, Inc.</name>
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        <name>Snowflake, Inc.</name>
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        <name>Targa Resources Corp.</name>
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        <name>Teradyne, Inc.</name>
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        <name>Texas Roadhouse, Inc.</name>
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        <name>Tractor Supply Co.</name>
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        <name>Tradeweb Markets, Inc.</name>
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        <name>Tyler Technologies, Inc.</name>
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        <title>Tyler Technologies, Inc.</title>
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        <name>United Rentals, Inc.</name>
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        <title>United Rentals, Inc.</title>
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        <name>Verisk Analytics, Inc.</name>
        <lei>549300I1YSWNIRKBWP67</lei>
        <title>Verisk Analytics, Inc., Class A</title>
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        <name>Vertiv Holdings Co.</name>
        <lei>549300KTTIRAOGXCRV69</lei>
        <title>Vertiv Holdings Co., Class A</title>
        <cusip>92537N108</cusip>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Vistra Corp.</name>
        <lei>549300KP43CPCUJOOG15</lei>
        <title>Vistra Corp.</title>
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        <name>Wingstop, Inc.</name>
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        <name>Xylem, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Phononic, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Phononic Devices, Inc.</name>
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        <name>Newsela, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Phononic Devices, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Phononic, Inc.</name>
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        <name>Phononic, Inc.</name>
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        <name>Plaid, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>EURO</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Franklin Institutional U.S. Government Money Market Fund</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Credo Technology Group Holding Ltd.</name>
        <lei>N/A</lei>
        <title>Credo Technology Group Holding Ltd.</title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>DPC Holdings plc</name>
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        <invCountry>JE</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>nVent Electric plc</name>
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        <name>TechnipFMC plc</name>
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        <name>Ascendis Pharma A/S</name>
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        <name>Innio NV</name>
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        <name>Royal Caribbean Cruises Ltd.</name>
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        <name>Phononic, Inc.</name>
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      <invstOrSec>
        <name>Phononic, Inc.</name>
        <lei>N/A</lei>
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        </identifiers>
        <balance>23970.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31425.25000000</valUSD>
        <pctVal>0.000903572896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anduril Industries, Inc.</name>
        <lei>N/A</lei>
        <title>Anduril Industries, Inc., Series F</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1369855"/>
        </identifiers>
        <balance>414483.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28579721.95000000</valUSD>
        <pctVal>0.821755185717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blaize Events &amp; Media, Inc.</name>
        <lei>N/A</lei>
        <title>Blaize Events &amp; Media, Inc., Escrow Account</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1429224"/>
        </identifiers>
        <balance>114420.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.11000000</valUSD>
        <pctVal>0.000000003162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blaize Events &amp; Media, Inc.</name>
        <lei>N/A</lei>
        <title>Blaize Events &amp; Media, Inc., Escrow Account</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1429225"/>
        </identifiers>
        <balance>113948.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.11000000</valUSD>
        <pctVal>0.000000003162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blaize Events &amp; Media, Inc.</name>
        <lei>N/A</lei>
        <title>Blaize Events &amp; Media, Inc., Escrow Account</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1429226"/>
        </identifiers>
        <balance>114800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.11000000</valUSD>
        <pctVal>0.000000003162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Blaize Holdings, Inc.</name>
        <lei>N/A</lei>
        <title>Blaize Holdings, Inc., Escrow Account</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1429223"/>
        </identifiers>
        <balance>114150.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.11000000</valUSD>
        <pctVal>0.000000003162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Strategic Series</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
