NPORT-EX 2 FLDIT.htm

Not

FDIC

Insured

May

Lose

Value

No

Bank

Guarantee

FTF-Q1PH

1

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

2

Notes

to

Schedule

of

Investments

119

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited),

March

31,

2024

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

2

a

a

Country

Shares

a

Value

a

a

a

a

a

a

Common

Stocks

0.6%

Hotels,

Restaurants

&

Leisure

0.0%

†

a

24

Hour

Fitness

Worldwide,

Inc.

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

United

States

24,950

$

4,554

Independent

Power

and

Renewable

Electricity

Producers

0.4%

a

Talen

Energy

Corp.

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

United

States

10,000

943,500

a

Talen

Energy

Corp.

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

United

States

3,338

314,940

1,258,440

Metals

&

Mining

0.1%

a

Petra

Diamonds

Ltd.

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

South

Africa

331,401

169,807

Oil,

Gas

&

Consumable

Fuels

0.1%

a

Amplify

Energy

Corp.

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

United

States

281

1,858

Birch

Permian

Holdings,

Inc.

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

United

States

20,307

179,382

California

Resources

Corp.

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

United

States

42

2,314

183,554

Specialty

Retail

0.0%

a,b

Party

City

Holdco,

Inc.

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

United

States

10

—

Total

Common

Stocks

(Cost

$1,285,999)

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

1,616,355

Preferred

Stocks

0.0%

†

Hotels,

Restaurants

&

Leisure

0.0%

†

a

24

Hour

Fitness

Worldwide,

Inc.

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

United

States

59,089

886

a

Total

Preferred

Stocks

(Cost

$79,741)

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

886

Warrants

Warrants

0.0%

†

Oil,

Gas

&

Consumable

Fuels

0.0%

†

a

California

Resources

Corp.,

10/27/24

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

United

States

96

1,878

Total

Warrants

(Cost

$–)

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

1,878

Principal

Amount

*

Corporate

Bonds

49.0%

Automobile

Components

1.3%

c

Adient

Global

Holdings

Ltd.

,

Senior

Note,

144A,

8.25%,

4/15/31

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

United

States

1,200,000

1,267,246

Senior

Secured

Note,

144A,

7%,

4/15/28

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

United

States

400,000

409,088

c,d,e

Dornoch

Debt

Merger

Sub,

Inc.

,

Senior

Note

,

144A,

6.625

%

,

10/15/29

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

United

States

1,100,000

978,854

e

Goodyear

Tire

&

Rubber

Co.

(The)

,

Senior

Note

,

9.5

%

,

5/31/25

...

United

States

1,000,000

1,009,321

3,664,509

Automobiles

0.4%

c,e

Jaguar

Land

Rover

Automotive

plc

,

Senior

Note

,

144A,

5.5

%

,

7/15/29

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

United

Kingdom

1,300,000

1,252,351

Banks

0.5%

e,f,g

JPMorgan

Chase

&

Co.

,

R

,

Junior

Sub.

Bond

,

FRN

,

8.868

%

,

(

3-month

SOFR

+

3.562

%

),

Perpetual

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

United

States

1,500,000

1,501,170

Beverages

0.2%

c

Primo

Water

Holdings,

Inc.

,

Senior

Note

,

144A,

4.375

%

,

4/30/29

..

Canada

700,000

644,375

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

3

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Biotechnology

0.1%

c

Emergent

BioSolutions,

Inc.

,

Senior

Note

,

144A,

3.875

%

,

8/15/28

.

United

States

900,000

$

428,287

Broadline

Retail

0.3%

d

Nordstrom,

Inc.

,

Senior

Bond

,

4

%

,

3/15/27

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

United

States

1,000,000

954,363

Building

Products

2.1%

c,e

AmeriTex

HoldCo

Intermediate

LLC

,

Senior

Secured

Note

,

144A,

10.25

%

,

10/15/28

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

United

States

600,000

644,944

c,e

Camelot

Return

Merger

Sub,

Inc.

,

Senior

Secured

Note

,

144A,

8.75

%

,

8/01/28

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

United

States

500,000

514,085

c,e

Cornerstone

Building

Brands,

Inc.

,

Senior

Note

,

144A,

6.125

%

,

1/15/29

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

United

States

1,000,000

896,394

c,e

Eco

Material

Technologies,

Inc.

,

Senior

Secured

Note

,

144A,

7.875

%

,

1/31/27

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

United

States

1,000,000

1,015,530

c,e

EMRLD

Borrower

LP

/

Emerald

Co-Issuer,

Inc.

,

Senior

Secured

Note

,

144A,

6.625

%

,

12/15/30

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

United

States

1,100,000

1,111,927

c

Miter

Brands

Acquisition

Holdco,

Inc.

/

MIWD

Borrower

LLC

,

Senior

Secured

Note

,

144A,

6.75

%

,

4/01/32

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

United

States

500,000

5

02,021

c

Smyrna

Ready

Mix

Concrete

LLC

,

Senior

Secured

Note

,

144A,

8.875

%

,

11/15/31

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

United

States

1,200,000

1,283,647

5,968,548

Capital

Markets

0.3%

c,e

Jane

Street

Group

/

JSG

Finance,

Inc.

,

Senior

Secured

Note

,

144A,

4.5

%

,

11/15/29

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

United

States

500,000

463,037

c

StoneX

Group,

Inc.

,

Senior

Secured

Note

,

144A,

7.875

%

,

3/01/31

.

United

States

500,000

507,721

970,758

Chemicals

2.3%

c,h,i

Anagram

Holdings

LLC

/

Anagram

International,

Inc.

,

Secured

Note

,

144A,

PIK,

10

%

,

8/15/26

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

United

States

166,428

3,324

c

Braskem

Idesa

SAPI

,

Senior

Secured

Bond

,

144A,

6.99

%

,

2/20/32

Mexico

300,000

233,073

e

Celanese

US

Holdings

LLC

,

Senior

Note

,

6.33

%

,

7/15/29

.......

United

States

1,000,000

1,037,465

c

Consolidated

Energy

Finance

SA

,

Senior

Note

,

144A,

5.625

%

,

10/15/28

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

Switzerland

600,000

504,222

c,e

Element

Solutions,

Inc.

,

Senior

Note

,

144A,

3.875

%

,

9/01/28

.....

United

States

200,000

183,698

c,d

GPD

Cos.,

Inc.

,

Senior

Secured

Note

,

144A,

10.125

%

,

4/01/26

...

United

States

1,500,000

1,408,749

c,e

Illuminate

Buyer

LLC

/

Illuminate

Holdings

IV,

Inc.

,

Senior

Note

,

144A,

9

%

,

7/01/28

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

United

States

1,000,000

987,713

c,h

Kobe

US

Midco

2,

Inc.

,

Senior

Note

,

144A,

PIK,

9.25

%

,

11/01/26

..

United

States

210,000

172,258

c

Rain

Carbon,

Inc.

,

Senior

Secured

Note

,

144A,

12.25

%

,

9/01/29

..

United

States

1,200,000

1,246,280

c

Rain

CII

Carbon

LLC

/

CII

Carbon

Corp.

,

Secured

Note

,

144A,

7.25

%

,

4/01/25

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

United

States

22,000

21,558

c,d

Vibrantz

Technologies,

Inc.

,

Senior

Note

,

144A,

9

%

,

2/15/30

.....

United

States

1,000,000

924,599

6,722,939

Commercial

Services

&

Supplies

1.3%

c

Allied

Universal

Holdco

LLC

,

Senior

Secured

Note

,

144A,

7.875

%

,

2/15/31

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

United

States

1,200,000

1,216,856

c

APX

Group,

Inc.

,

Senior

Note

,

144A,

5.75

%

,

7/15/29

...........

United

States

800,000

770,053

c,e

Enviri

Corp.

,

Senior

Note

,

144A,

5.75

%

,

7/31/27

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

United

States

1,400,000

1,319,436

c

Prime

Security

Services

Borrower

LLC

/

Prime

Finance,

Inc.

,

Senior

Secured

Note

,

144A,

3.375

%

,

8/31/27

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

United

States

600,000

551,708

3,858,053

Communications

Equipment

0.1%

c

Viasat,

Inc.

,

Senior

Note

,

144A,

7.5

%

,

5/30/31

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

United

States

300,000

217,751

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

4

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Construction

&

Engineering

0.4%

c,e

Arcosa,

Inc.

,

Senior

Note

,

144A,

4.375

%

,

4/15/29

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

United

States

300,000

$

276,758

c

VM

Consolidated,

Inc.

,

Senior

Note

,

144A,

5.5

%

,

4/15/29

.......

United

States

800,000

768,137

1,044,895

Consumer

Finance

1.7%

c

Encore

Capital

Group,

Inc.

,

Senior

Secured

Note

,

144A,

9.25

%

,

4/01/29

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

United

States

600,000

615,376

c

FirstCash,

Inc.

,

Senior

Note

,

144A,

6.875

%

,

3/01/32

...........

United

States

1,100,000

1,100,862

c

Macquarie

Airfinance

Holdings

Ltd.

,

Senior

Note,

144A,

6.4%,

3/26/29

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

United

Kingdom

100,000

101,657

Senior

Note,

144A,

6.5%,

3/26/31

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

United

Kingdom

200,000

203,717

e

OneMain

Finance

Corp.

,

Senior

Note

,

9

%

,

1/15/29

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

United

States

1,500,000

1,592,763

c

PROG

Holdings,

Inc.

,

Senior

Note

,

144A,

6

%

,

11/15/29

.........

United

States

1,400,000

1,309,784

4,924,159

Consumer

Staples

Distribution

&

Retail

0.2%

c

US

Foods,

Inc.

,

Senior

Note

,

144A,

6.875

%

,

9/15/28

...........

United

States

700,000

717,435

Containers

&

Packaging

2.9%

c,e

Ardagh

Metal

Packaging

Finance

USA

LLC

/

Ardagh

Metal

Packaging

Finance

plc

,

Senior

Note

,

144A,

4

%

,

9/01/29

.......

United

States

1,500,000

1,210,705

c

Ardagh

Packaging

Finance

plc

/

Ardagh

Holdings

USA,

Inc.

,

d

Senior

Note,

144A,

5.25%,

8/15/27

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

United

States

600,000

378,645

e

Senior

Secured

Note,

144A,

5.25%,

4/30/25

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

United

States

600,000

580,305

e

Crown

Americas

LLC

/

Crown

Americas

Capital

Corp.

VI

,

Senior

Note

,

4.75

%

,

2/01/26

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

United

States

500,000

492,082

c,e

LABL,

Inc.

,

Senior

Secured

Note

,

144A,

9.5

%

,

11/01/28

........

United

States

800,000

810,244

c,e

Mauser

Packaging

Solutions

Holding

Co.

,

Secured

Note,

144A,

9.25%,

4/15/27

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

United

States

1,500,000

1,489,748

Senior

Secured

Note,

144A,

7.875%,

8/15/26

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

United

States

1,200,000

1,223,401

c,d

Owens-Brockway

Glass

Container,

Inc.

,

Senior

Note

,

144A,

6.625

%

,

5/13/27

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

United

States

375,000

375,521

c,e

Pactiv

Evergreen

Group

Issuer

LLC

/

Pactiv

Evergreen

Group

Issuer,

Inc.

,

Senior

Secured

Note

,

144A,

4.375

%

,

10/15/28

..........

United

States

300,000

280,181

c,d

Pactiv

Evergreen

Group

Issuer,

Inc.

/

Pactiv

Evergreen

Group

Issuer

LLC

,

Senior

Secured

Note

,

144A,

4

%

,

10/15/27

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

United

States

1,200,000

1,120,795

c

Trivium

Packaging

Finance

BV

,

Senior

Note

,

144A,

8.5

%

,

8/15/27

.

Netherlands

400,000

395,486

8,357,113

Distributors

0.3%

c

Ritchie

Bros

Holdings,

Inc.

,

Senior

Note,

144A,

7.75%,

3/15/31

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

Canada

500,000

523,746

Senior

Secured

Note,

144A,

6.75%,

3/15/28

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

Canada

300,000

306,389

830,135

Diversified

Consumer

Services

0.7%

d

Grand

Canyon

University

,

Secured

Note

,

5.125

%

,

10/01/28

......

United

States

1,300,000

1,178,931

c

Wand

NewCo

3,

Inc.

,

Senior

Secured

Note

,

144A,

7.625

%

,

1/30/32

United

States

800,000

828,054

2,006,985

Diversified

REITs

0.7%

c,e

Global

Net

Lease,

Inc.

/

Global

Net

Lease

Operating

Partnership

LP

,

Senior

Note

,

144A,

3.75

%

,

12/15/27

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

United

States

800,000

685,202

c,e

Necessity

Retail

REIT,

Inc.

(The)

/

American

Finance

Operating

Partner

LP

,

Senior

Note

,

144A,

4.5

%

,

9/30/28

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

United

States

900,000

771,133

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

5

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Diversified

REITs

(continued)

c

VICI

Properties

LP

/

VICI

Note

Co.,

Inc.

,

Senior

Note

,

144A,

3.75

%

,

2/15/27

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

United

States

700,000

$

663,877

2,120,212

Diversified

Telecommunication

Services

0.3%

c,e

CCO

Holdings

LLC

/

CCO

Holdings

Capital

Corp.

,

Senior

Note

,

144A,

6.375

%

,

9/01/29

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

United

States

1,000,000

949,393

Electric

Utilities

0.6%

c

Vistra

Operations

Co.

LLC

,

Senior

Note,

144A,

5.625%,

2/15/27

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

United

States

1,200,000

1,182,534

d

Senior

Note,

144A,

4.375%,

5/01/29

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

United

States

400,000

370,970

Senior

Note,

144A,

7.75%,

10/15/31

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

United

States

100,000

104,801

1,658,305

Electrical

Equipment

0.7%

c

Sensata

Technologies

BV

,

Senior

Note

,

144A,

4

%

,

4/15/29

......

United

States

1,000,000

914,122

c,d

Vertiv

Group

Corp.

,

Senior

Secured

Note

,

144A,

4.125

%

,

11/15/28

United

States

1,300,000

1,211,044

2,125,166

Electronic

Equipment,

Instruments

&

Components

0.3%

c

TTM

Technologies,

Inc.

,

Senior

Note

,

144A,

4

%

,

3/01/29

........

United

States

1,000,000

907,930

Energy

Equipment

&

Services

2.1%

c

CSI

Compressco

LP

/

CSI

Compressco

Finance,

Inc.

,

h

Secured

Note,

144A,

PIK,

10%,

4/01/26

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

United

States

1,058,831

1,111,773

Senior

Secured

Note,

144A,

7.5%,

4/01/25

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

United

States

325,000

325,000

c,e

Enerflex

Ltd.

,

Senior

Secured

Note

,

144A,

9

%

,

10/15/27

........

Canada

900,000

925,387

c,e

Kodiak

Gas

Services

LLC

,

Senior

Note

,

144A,

7.25

%

,

2/15/29

....

United

States

700,000

713,477

c,e

Nabors

Industries

Ltd.

,

Senior

Note

,

144A,

7.25

%

,

1/15/26

......

United

States

1,000,000

994,479

e

Oceaneering

International,

Inc.

,

Senior

Note

,

6

%

,

2/01/28

.......

United

States

300,000

295,801

c

Transocean

Titan

Financing

Ltd.

,

Senior

Secured

Note

,

144A,

8.375

%

,

2/01/28

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

United

States

100,000

104,457

c

Transocean,

Inc.

,

Senior

Secured

Note

,

144A,

8.75

%

,

2/15/30

....

United

States

720,000

751,202

c

Weatherford

International

Ltd.

,

Senior

Note

,

144A,

8.625

%

,

4/30/30

United

States

700,000

731,356

5,952,932

Entertainment

0.4%

c

,e

Banijay

Entertainment

SASU

,

Senior

Secured

Note

,

144A,

8.125

%

,

5/01/29

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

France

1,100,000

1,135,409

Financial

Services

1.7%

c,e

Freedom

Mortgage

Holdings

LLC

,

Senior

Note

,

144A,

9.25

%

,

2/01/29

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

United

States

300,000

307,304

c

GGAM

Finance

Ltd.

,

Senior

Note,

144A,

8%,

2/15/27

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

Ireland

200,000

206,629

e

Senior

Note,

144A,

8%,

6/15/28

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

Ireland

700,000

731,496

c

Jefferson

Capital

Holdings

LLC

,

e

Senior

Note,

144A,

6%,

8/15/26

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

United

States

600,000

589,279

Senior

Note,

144A,

9.5%,

2/15/29

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

United

States

900,000

922,286

c,e

Nationstar

Mortgage

Holdings,

Inc.

,

Senior

Bond

,

144A,

5.75

%

,

11/15/31

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

United

States

1,100,000

1,015,637

c

PRA

Group,

Inc.

,

Senior

Note,

144A,

8.375%,

2/01/28

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

United

States

600,000

597,496

e

Senior

Note,

144A,

5%,

10/01/29

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

United

States

300,000

253,093

c

United

Wholesale

Mortgage

LLC

,

Senior

Note

,

144A,

5.5

%

,

11/15/25

United

States

400,000

396,758

5,019,978

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

6

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Food

Products

0.7%

e

B&G

Foods,

Inc.

,

Senior

Note,

5.25%,

4/01/25

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

United

States

352,000

$

350,347

Senior

Note,

5.25%,

9/15/27

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

United

States

400,000

374,140

c

Chobani

LLC

/

Chobani

Finance

Corp.,

Inc.

,

Senior

Note

,

144A,

7.625

%

,

7/01/29

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

United

States

200,000

203,000

Pilgrim's

Pride

Corp.

,

Senior

Bond

,

6.875

%

,

5/15/34

...........

United

States

1,100,000

1,173,646

2,101,133

Ground

Transportation

0.3%

c,e

First

Student

Bidco,

Inc.

/

First

Transit

Parent,

Inc.

,

Senior

Secured

Note

,

144A,

4

%

,

7/31/29

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

United

States

900,000

798,542

Health

Care

Equipment

&

Supplies

0.5%

c,e

Bausch

+

Lomb

Corp.

,

Senior

Secured

Note

,

144A,

8.375

%

,

10/01/28

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

United

States

600,000

621,546

c,e

Medline

Borrower

LP

,

Senior

Note

,

144A,

5.25

%

,

10/01/29

......

United

States

500,000

472,967

c,e

Neogen

Food

Safety

Corp.

,

Senior

Note

,

144A,

8.625

%

,

7/20/30

..

United

States

400,000

431,299

1,525,812

Health

Care

Providers

&

Services

1.9%

c

CHS/Community

Health

Systems,

Inc.

,

d

Secured

Note,

144A,

6.125%,

4/01/30

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

United

States

500,000

360,992

e

Senior

Secured

Note,

144A,

8%,

3/15/26

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

United

States

247,000

246,692

e

Senior

Secured

Note,

144A,

5.625%,

3/15/27

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

United

States

400,000

368,584

e

Senior

Secured

Note,

144A,

10.875%,

1/15/32

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

United

States

500,000

515,635

c,e

DaVita,

Inc.

,

Senior

Note

,

144A,

4.625

%

,

6/01/30

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

United

States

1,200,000

1,075,133

c,e

Kedrion

SpA

,

Senior

Secured

Note

,

144A,

6.5

%

,

9/01/29

........

Italy

1,500,000

1,368,634

c

MPH

Acquisition

Holdings

LLC

,

Senior

Note

,

144A,

5.75

%

,

11/01/28

United

States

1,000,000

789,667

Tenet

Healthcare

Corp.

,

Senior

Secured

Note

,

6.125

%

,

6/15/30

...

United

States

700,000

699,269

5,424,606

Hotel

&

Resort

REITs

0.5%

c

RHP

Hotel

Properties

LP

/

RHP

Finance

Corp.

,

Senior

Note,

144A,

7.25%,

7/15/28

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

United

States

300,000

309,336

Senior

Note,

144A,

6.5%,

4/01/32

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

United

States

1,100,000

1,104,400

1,413,736

Hotels,

Restaurants

&

Leisure

3.0%

b,c,i

24

Hour

Fitness

Worldwide,

Inc.

,

Senior

Note

,

144A,

8

%

,

6/01/22

.

United

States

1,500,000

—

c

Allwyn

Entertainment

Financing

UK

plc

,

Senior

Secured

Note

,

144A,

7.875

%

,

4/30/29

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

Czech

Republic

800,000

823,916

c,e

Boyne

USA,

Inc.

,

Senior

Note

,

144A,

4.75

%

,

5/15/29

...........

United

States

300,000

278,282

c,e

Caesars

Entertainment,

Inc.

,

Senior

Secured

Note

,

144A,

6.5

%

,

2/15/32

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

United

States

600,000

605,659

c,e

Carnival

Corp.

,

Senior

Note,

144A,

7.625%,

3/01/26

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

United

States

200,000

202,488

Senior

Note,

144A,

5.75%,

3/01/27

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

United

States

1,500,000

1,485,541

c,e

Carnival

Holdings

Bermuda

Ltd.

,

Senior

Note

,

144A,

10.375

%

,

5/01/28

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

United

States

400,000

436,594

c,e

Fertitta

Entertainment

LLC

/

Fertitta

Entertainment

Finance

Co.,

Inc.

,

Senior

Note

,

144A,

6.75

%

,

1/15/30

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

United

States

1,300,000

1,168,352

c,d

NCL

Corp.

Ltd.

,

Senior

Note

,

144A,

5.875

%

,

3/15/26

...........

United

States

300,000

296,343

c

Royal

Caribbean

Cruises

Ltd.

,

Senior

Note,

144A,

5.5%,

8/31/26

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

United

States

300,000

297,549

Senior

Note,

144A,

6.25%,

3/15/32

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

United

States

300,000

302,578

c

Station

Casinos

LLC

,

Senior

Note

,

144A,

4.5

%

,

2/15/28

........

United

States

200,000

188,545

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

7

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Hotels,

Restaurants

&

Leisure

(continued)

c

Viking

Cruises

Ltd.

,

Senior

Note,

144A,

5.875%,

9/15/27

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

United

States

300,000

$

294,545

Senior

Note,

144A,

7%,

2/15/29

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

United

States

600,000

603,085

c

Wynn

Resorts

Finance

LLC

/

Wynn

Resorts

Capital

Corp.

,

Senior

Note

,

144A,

7.125

%

,

2/15/31

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

United

States

1,500,000

1,553,281

8,536,758

Household

Durables

1.2%

c,e

Ashton

Woods

USA

LLC

/

Ashton

Woods

Finance

Co.

,

Senior

Note,

144A,

6.625%,

1/15/28

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

United

States

500,000

502,349

Senior

Note,

144A,

4.625%,

4/01/30

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

United

States

1,000,000

914,664

c,e

Dream

Finders

Homes,

Inc.

,

Senior

Note

,

144A,

8.25

%

,

8/15/28

..

United

States

500,000

522,420

c,e

LGI

Homes,

Inc.

,

Senior

Note

,

144A,

8.75

%

,

12/15/28

..........

United

States

800,000

844,606

c

Weekley

Homes

LLC

/

Weekley

Finance

Corp.

,

Senior

Note

,

144A,

4.875

%

,

9/15/28

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

United

States

800,000

740,443

3,524,482

Independent

Power

and

Renewable

Electricity

Producers

1.1%

c,e

Calpine

Corp.

,

Senior

Note

,

144A,

5.125

%

,

3/15/28

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

United

States

1,500,000

1,440,883

c,e

Clearway

Energy

Operating

LLC

,

Senior

Bond,

144A,

3.75%,

1/15/32

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

United

States

400,000

336,621

Senior

Note,

144A,

4.75%,

3/15/28

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

United

States

300,000

285,385

Senior

Note,

144A,

3.75%,

2/15/31

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

United

States

200,000

171,857

c,e

Leeward

Renewable

Energy

Operations

LLC

,

Senior

Note

,

144A,

4.25

%

,

7/01/29

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

United

States

1,000,000

859,039

3,093,785

Insurance

0.8%

c,e

Alliant

Holdings

Intermediate

LLC

/

Alliant

Holdings

Co-Issuer

,

Senior

Note,

144A,

6.75%,

10/15/27

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

United

States

400,000

394,417

Senior

Secured

Note,

144A,

7%,

1/15/31

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

United

States

500,000

505,387

c,e

Jones

Deslauriers

Insurance

Management,

Inc.

,

Senior

Note

,

144A,

10.5

%

,

12/15/30

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

Canada

1,400,000

1,480,759

2,380,563

IT

Services

1.0%

c,e

Cablevision

Lightpath

LLC

,

Senior

Secured

Note

,

144A,

3.875

%

,

9/15/27

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

United

States

700,000

629,221

c,e

Gartner,

Inc.

,

Senior

Note,

144A,

4.5%,

7/01/28

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

United

States

500,000

476,886

Senior

Note,

144A,

3.625%,

6/15/29

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

United

States

200,000

181,272

c,e

Northwest

Fiber

LLC

/

Northwest

Fiber

Finance

Sub,

Inc.

,

Senior

Note

,

144A,

6

%

,

2/15/28

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

United

States

1,100,000

1,133,033

c

Presidio

Holdings,

Inc.

,

Senior

Note

,

144A,

8.25

%

,

2/01/28

......

United

States

400,000

399,222

2,819,634

Life

Sciences

Tools

&

Services

0.4%

c,e

Fortrea

Holdings,

Inc.

,

Senior

Secured

Note

,

144A,

7.5

%

,

7/01/30

.

United

States

1,000,000

1,033,534

Machinery

1.2%

c

ATS

Corp.

,

Senior

Note

,

144A,

4.125

%

,

12/15/28

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

Canada

1,300,000

1,192,989

c,e

Calderys

Financing

LLC

,

Senior

Secured

Note

,

144A,

11.25

%

,

6/01/28

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

France

800,000

861,648

c,j

Esab

Corp.

,

Senior

Note

,

144A,

6.25

%

,

4/15/29

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

United

States

600,000

603,560

Hillenbrand,

Inc.

,

Senior

Note

,

6.25

%

,

2/15/29

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

United

States

600,000

605,897

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

8

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Machinery

(continued)

c

Titan

Acquisition

Ltd.

/

Titan

Co-Borrower

LLC

,

Senior

Note

,

144A,

7.75

%

,

4/15/26

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

Canada

300,000

$

299,896

3,563,990

Media

2.0%

c,e

Clear

Channel

Outdoor

Holdings,

Inc.

,

Senior

Note,

144A,

7.75%,

4/15/28

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

United

States

300,000

262,983

Senior

Note,

144A,

7.5%,

6/01/29

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

United

States

900,000

745,125

Senior

Secured

Note,

144A,

9%,

9/15/28

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

United

States

500,000

521,257

c,e

CSC

Holdings

LLC

,

Senior

Note,

144A,

11.25%,

5/15/28

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

United

States

700,000

694,262

Senior

Note,

144A,

11.75%,

1/31/29

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

United

States

800,000

801,748

c,e,i

Diamond

Sports

Group

LLC

/

Diamond

Sports

Finance

Co.

,

Senior

Note,

144A,

6.625%,

8/15/27

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

United

States

500,000

14,062

Senior

Secured

Note,

144A,

5.375%,

8/15/26

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

United

States

800,000

22,500

c,e

Directv

Financing

LLC

/

Directv

Financing

Co-Obligor,

Inc.

,

Senior

Secured

Note

,

144A,

5.875

%

,

8/15/27

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

United

States

200,000

189,332

c,d

News

Corp.

,

Senior

Note

,

144A,

3.875

%

,

5/15/29

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

United

States

1,200,000

1,098,345

c,e

Outfront

Media

Capital

LLC

/

Outfront

Media

Capital

Corp.

,

Senior

Bond

,

144A,

4.625

%

,

3/15/30

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

United

States

100,000

89,753

c

Scripps

Escrow,

Inc.

,

Senior

Note

,

144A,

5.875

%

,

7/15/27

.......

United

States

500,000

418,792

c

Sirius

XM

Radio,

Inc.

,

Senior

Note

,

144A,

4

%

,

7/15/28

.........

United

States

600,000

549,322

c

Univision

Communications,

Inc.

,

Senior

Secured

Note

,

144A,

4.5

%

,

5/01/29

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

United

States

400,000

357,814

5,765,295

Metals

&

Mining

1.0%

e

ATI,

Inc.

,

Senior

Note

,

7.25

%

,

8/15/30

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

United

States

700,000

724,323

c,e

Constellium

SE

,

Senior

Note

,

144A,

3.75

%

,

4/15/29

...........

United

States

600,000

540,470

c,h

Petra

Diamonds

US

Treasury

plc

,

Senior

Secured

Note

,

144A,

PIK,

9.75

%

,

3/08/26

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

South

Africa

781,938

633,370

c

SunCoke

Energy,

Inc.

,

Senior

Secured

Note

,

144A,

4.875

%

,

6/30/29

United

States

1,100,000

997,093

2,895,256

Mortgage

Real

Estate

Investment

Trusts

(REITs)

0.7%

c,e

Apollo

Commercial

Real

Estate

Finance,

Inc.

,

Senior

Secured

Note

,

144A,

4.625

%

,

6/15/29

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

United

States

1,500,000

1,261,469

c,e

Ladder

Capital

Finance

Holdings

LLLP

/

Ladder

Capital

Finance

Corp.

,

Senior

Note

,

144A,

4.75

%

,

6/15/29

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

United

States

800,000

727,943

1,989,412

Oil,

Gas

&

Consumable

Fuels

5.5%

c,e

Antero

Resources

Corp.

,

Senior

Note

,

144A,

7.625

%

,

2/01/29

....

United

States

166,000

170,628

c

Calumet

Specialty

Products

Partners

LP

/

Calumet

Finance

Corp.

,

e

Senior

Note,

144A,

8.125%,

1/15/27

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

United

States

900,000

878,319

Senior

Secured

Note,

144A,

9.25%,

7/15/29

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

United

States

800,000

824,283

e

Cheniere

Energy

Partners

LP

,

Senior

Note

,

4.5

%

,

10/01/29

......

United

States

400,000

381,091

c,e

Chesapeake

Energy

Corp.

,

Senior

Note

,

144A,

6.75

%

,

4/15/29

...

United

States

500,000

505,762

c

CITGO

Petroleum

Corp.

,

Senior

Secured

Note

,

144A,

8.375

%

,

1/15/29

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

United

States

500,000

525,755

c,e

Civitas

Resources,

Inc.

,

Senior

Note,

144A,

8.375%,

7/01/28

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

United

States

700,000

737,773

Senior

Note,

144A,

8.75%,

7/01/31

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

United

States

700,000

749,917

c,e

CrownRock

LP

/

CrownRock

Finance,

Inc.

,

Senior

Note

,

144A,

5

%

,

5/01/29

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

United

States

300,000

296,606

c,e

Endeavor

Energy

Resources

LP

/

EER

Finance,

Inc.

,

Senior

Bond

,

144A,

5.75

%

,

1/30/28

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

United

States

800,000

806,985

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

9

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Oil,

Gas

&

Consumable

Fuels

(continued)

c,e

Energy

Transfer

LP

,

Senior

Note

,

144A,

8

%

,

4/01/29

...........

United

States

500,000

$

519,804

c,e

EnLink

Midstream

LLC

,

Senior

Note

,

144A,

6.5

%

,

9/01/30

.......

United

States

800,000

823,769

c,e

EQM

Midstream

Partners

LP

,

Senior

Note

,

144A,

7.5

%

,

6/01/27

..

United

States

100,000

102,616

c

Harbour

Energy

plc

,

Senior

Note

,

144A,

5.5

%

,

10/15/26

........

United

Kingdom

500,000

488,505

c,e

Hilcorp

Energy

I

LP

/

Hilcorp

Finance

Co.

,

Senior

Note

,

144A,

5.75

%

,

2/01/29

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

United

States

500,000

487,461

c,e

Kinetik

Holdings

LP

,

Senior

Note

,

144A,

5.875

%

,

6/15/30

........

United

States

600,000

587,434

c,e

Martin

Midstream

Partners

LP

/

Martin

Midstream

Finance

Corp.

,

Secured

Note

,

144A,

11.5

%

,

2/15/28

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

United

States

1,800,000

1,913,773

c,j

Matador

Resources

Co.

,

Senior

Note

,

144A,

6.5

%

,

4/15/32

......

United

States

400,000

400,985

b,h,i,k

Murray

Energy

Corp.

,

Secured

Note

,

144A,

PIK,

12

%

,

4/15/24

...

United

States

606,187

—

c,e

PBF

Holding

Co.

LLC

/

PBF

Finance

Corp.

,

Senior

Note

,

144A,

7.875

%

,

9/15/30

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

United

States

200,000

207,635

c

Venture

Global

Calcasieu

Pass

LLC

,

Senior

Secured

Bond,

144A,

4.125%,

8/15/31

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

United

States

300,000

266,986

Senior

Secured

Note,

144A,

3.875%,

8/15/29

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

United

States

300,000

270,317

c

Venture

Global

LNG,

Inc.

,

Senior

Secured

Note,

144A,

8.125%,

6/01/28

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

United

States

600,000

612,487

Senior

Secured

Note,

144A,

9.5%,

2/01/29

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

United

States

500,000

539,244

Senior

Secured

Note,

144A,

8.375%,

6/01/31

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

United

States

500,000

515,947

c

Viper

Energy,

Inc.

,

Senior

Note

,

144A,

7.375

%

,

11/01/31

........

United

States

700,000

728,337

Vital

Energy,

Inc.

,

Senior

Note,

10.125%,

1/15/28

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

United

States

500,000

525,015

Senior

Note,

9.75%,

10/15/30

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

United

States

500,000

547,206

c

Senior

Note,

144A,

7.875%,

4/15/32

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

United

States

400,000

406,661

15,821,301

Paper

&

Forest

Products

0.1%

c

Glatfelter

Corp.

,

Senior

Note

,

144A,

4.75

%

,

11/15/29

...........

United

States

400,000

341,227

Passenger

Airlines

0.4%

c

American

Airlines,

Inc.

/

AAdvantage

Loyalty

IP

Ltd.

,

Senior

Secured

Note

,

144A,

5.5

%

,

4/20/26

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

United

States

750,000

745,361

c

United

Airlines,

Inc.

,

Senior

Secured

Note,

144A,

4.375%,

4/15/26

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

United

States

100,000

96,741

Senior

Secured

Note,

144A,

4.625%,

4/15/29

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

United

States

300,000

279,335

1,121,437

Personal

Care

Products

0.2%

c,e

Coty,

Inc.

/

HFC

Prestige

Products,

Inc.

/

HFC

Prestige

International

US

LLC

,

Senior

Secured

Note

,

144A,

6.625

%

,

7/15/30

........

United

States

600,000

609,775

Pharmaceuticals

0.8%

c,e

1375209

BC

Ltd.

,

Senior

Secured

Note

,

144A,

9

%

,

1/30/28

......

Canada

327,000

320,816

c

Bausch

Health

Cos.,

Inc.

,

Secured

Note,

144A,

14%,

10/15/30

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

United

States

115,000

66,733

e

Senior

Secured

Note,

144A,

11%,

9/30/28

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

United

States

581,000

389,270

e,i

Endo

Dac

/

Endo

Finance

LLC

/

Endo

Finco,

Inc.

,

9.5%,

7/31/27

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

United

States

492,000

32,595

6%,

6/30/28

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

United

States

613,000

43,293

c,e,i

Endo

Luxembourg

Finance

Co.

I

SARL

/

Endo

US,

Inc.

,

Senior

Secured

Note

,

144A,

6.125

%

,

4/01/29

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

United

States

500,000

325,497

c,e,i

Par

Pharmaceutical,

Inc.

,

Senior

Secured

Note

,

144A,

8.5

%

,

4/01/27

United

States

203,000

134,205

Teva

Pharmaceutical

Finance

Netherlands

III

BV

,

Senior

Note

,

4.75

%

,

5/09/27

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

Israel

900,000

872,393

2,184,802

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

10

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Corporate

Bonds

(continued)

Real

Estate

Management

&

Development

0.6%

c,e

Five

Point

Operating

Co.

LP

/

Five

Point

Capital

Corp.

,

Senior

Note

,

144A,

10.5

%

,

1/15/28

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

United

States

839,586

$

865,123

c,e

Forestar

Group,

Inc.

,

Senior

Note

,

144A,

3.85

%

,

5/15/26

........

United

States

500,000

477,926

c,e

Greystar

Real

Estate

Partners

LLC

,

Senior

Secured

Note

,

144A,

7.75

%

,

9/01/30

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

United

States

500,000

517,978

1,861,027

Software

1.0%

c,e

Camelot

Finance

SA

,

Senior

Secured

Note

,

144A,

4.5

%

,

11/01/26

.

United

States

500,000

482,308

c,d

McAfee

Corp.

,

Senior

Note

,

144A,

7.375

%

,

2/15/30

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

United

States

1,300,000

1,193,584

c

Rocket

Software,

Inc.

,

Senior

Note

,

144A,

6.5

%

,

2/15/29

........

United

States

1,300,000

1,115,021

2,790,913

Specialized

REITs

0.4%

c,e

Iron

Mountain,

Inc.

,

Senior

Note

,

144A,

7

%

,

2/15/29

...........

United

States

1,000,000

1,020,152

Specialty

Retail

0.7%

c,e

Evergreen

Acqco

1

LP

/

TVI,

Inc.

,

Senior

Secured

Note

,

144A,

9.75

%

,

4/26/28

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

United

States

648,000

697,157

c,e

Gap,

Inc.

(The)

,

Senior

Note

,

144A,

3.625

%

,

10/01/29

..........

United

States

700,000

613,874

c

Michaels

Cos.,

Inc.

(The)

,

d

Senior

Note,

144A,

7.875%,

5/01/29

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

United

States

600,000

450,716

e

Senior

Secured

Note,

144A,

5.25%,

5/01/28

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

United

States

300,000

255,897

2,017,644

Textiles,

Apparel

&

Luxury

Goods

0.1%

c,e

Hanesbrands,

Inc.

,

Senior

Note

,

144A,

9

%

,

2/15/31

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

United

States

400,000

411,298

Trading

Companies

&

Distributors

0.7%

c,e

EquipmentShare.com,

Inc.

,

Secured

Note

,

144A,

9

%

,

5/15/28

....

United

States

800,000

824,993

c,e

H&E

Equipment

Services,

Inc.

,

Senior

Note

,

144A,

3.875

%

,

12/15/28

United

States

1,200,000

1,100,050

1,925,043

Wireless

Telecommunication

Services

0.3%

c

Altice

France

Holding

SA

,

Senior

Note,

144A,

6%,

2/15/28

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

Luxembourg

300,000

85,698

Senior

Secured

Note,

144A,

10.5%,

5/15/27

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

Luxembourg

1,700,000

637,655

Digicel

Group

Holdings

Ltd.

,

Zero

Cpn.,

11/17/33

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

Bermuda

36,077

1,901

725,254

Total

Corporate

Bonds

(Cost

$

150,751,078)

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

141,629,562

Senior

Floating

Rate

Interests

41.9%

l

Aerospace

&

Defense

0.7%

h

Alloy

FinCo

Ltd.

,

Term

Loan,

B

,

PIK,

14

%

,

(

3-month

USD

LIBOR

),

3/06/25

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

United

Kingdom

1,235,671

1,022,827

Cobham

Ultra

SeniorCo

SARL

,

CME

Term

Loan,

B

,

9.012

%

,

(

6-month

SOFR

+

3.5

%

),

8/03/29

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

Luxembourg

330,568

324,887

Dynasty

Acquisition

Co.,

Inc.

,

2024

Specified

Refinancing

CME

Term

Loan,

B-1,

8.829%,

(1-month

SOFR

+

3.5%),

8/24/28

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

United

States

145,564

145,942

2024

Specified

Refinancing

CME

Term

Loan,

B-2,

8.829%,

(1-month

SOFR

+

3.5%),

8/24/28

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

United

States

56,126

56,271

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

11

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

l

Aerospace

&

Defense

(continued)

Vertex

Aerospace

Services

Corp.

,

First

Lien,

Initial

CME

Term

Loan

,

8.68

%

,

(

1-month

SOFR

+

3.25

%

),

12/06/28

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

United

States

543,857

$

545,725

2,095,652

a

a

a

a

a

a

l

Air

Freight

&

Logistics

0.7%

GN

Loanco

LLC

,

CME

Term

Loan,

B

,

9.827

%

,

(

1-month

SOFR

+

4.5

%

),

12/19/30

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

United

States

382,484

377,655

Kenan

Advantage

Group,

Inc.

(The)

,

U.S.

CME

Term

Loan,

B3

,

9.08

%

,

(

1-month

SOFR

+

3.75

%

),

1/25/29

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

United

States

1,300,330

1,303,177

Rand

Parent

LLC

,

First

Lien,

CME

Term

Loan,

B

,

9.559

%

,

(

3-month

SOFR

+

4.25

%

),

3/17/30

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

United

States

358,272

359,336

2,040,168

a

a

a

a

a

a

l

Automobile

Components

1.5%

Adient

US

LLC

,

CME

Term

Loan,

B2

,

8.077

%

,

(

1-month

SOFR

+

2.75

%

),

1/31/31

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

United

States

474,655

476,435

DexKo

Global,

Inc.

,

First

Lien,

2023

Incremental

CME

Term

Loan,

9.559%,

(3-month

SOFR

+

4.25%),

10/04/28

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

United

States

236,250

235,659

First

Lien,

Closing

Date

CME

Term

Loan,

9.321%,

(3-month

SOFR

+

3.75%),

10/04/28

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

United

States

471,154

467,326

First

Brands

Group

LLC

,

First

Lien,

2021

CME

Term

Loan,

10.574%,

(3-month

SOFR

+

5%),

3/30/27

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

United

States

1,204,749

1,208,062

First

Lien,

2022-II

Incremental

CME

Term

Loan,

10.574%,

(3-month

SOFR

+

5%),

3/30/27

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

United

States

1,216,824

1,219,106

Highline

Aftermarket

Acquisition

LLC

,

First

Lien,

Initial

CME

Term

Loan

,

9.93

%

,

(

1-month

SOFR

+

4.5

%

),

11/09/27

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

United

States

534,654

536,996

Tenneco,

Inc.

,

First

Lien,

CME

Term

Loan,

B

,

10.419

%

,

(

3-month

SOFR

+

5

%

),

11/17/28

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

United

States

327,225

308,771

4,452,355

a

a

a

a

a

a

Automobiles

0.4%

l

American

Trailer

World

Corp.

,

First

Lien,

Initial

CME

Term

Loan

,

9.18

%

,

(

1-month

SOFR

+

3.75

%

),

3/03/28

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

United

States

1,135,380

1,110,487

l

Beverages

0.3%

City

Brewing

Co.

LLC

,

First

Lien,

Closing

Date

CME

Term

Loan

,

9.078

%

,

(

3-month

SOFR

+

3.5

%

),

4/05/28

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

United

States

464,286

364,589

Triton

Water

Holdings,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

8.86

%

,

(

3-month

SOFR

+

3.25

%

),

3/31/28

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

United

States

560,590

555,408

919,997

a

a

a

a

a

a

Broadline

Retail

0.1%

l

Knot

Worldwide,

Inc.

(The)

,

First

Lien,

Amendment

No.4

CME

Term

Loan

,

9.827

%

,

(

1-month

SOFR

+

4.5

%

),

1/31/28

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

United

States

390,969

390,969

Building

Products

0.1%

l

AZZ,

Inc.

,

Initial

CME

Term

Loan

,

8.577

%

,

(

1-month

SOFR

+

3.25

%

),

5/13/29

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

United

States

235,794

237,179

j,m

MIWD

Holdco

II

LLC

,

CME

Term

Loan

,

TBD,

3/20/31

...........

United

States

104,790

105,413

342,592

a

a

a

a

a

a

l

Capital

Markets

1.6%

Aretec

Group,

Inc.

,

CME

Term

Loan,

B1

,

9.927

%

,

(

1-month

SOFR

+

4.5

%

),

8/09/30

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

United

States

428,874

431,822

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

12

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

l

Capital

Markets

(continued)

Citadel

Securities

LP

,

CME

Term

Loan

,

7.577

%

,

(

1-month

SOFR

+

2.25

%

),

7/29/30

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

United

States

315,257

$

315,347

Deerfield

Dakota

Holding

LLC

,

First

Lien,

Initial

Dollar

CME

Term

Loan

,

9.059

%

,

(

3-month

SOFR

+

3.75

%

),

4/09/27

...........

United

States

566,450

564,366

Edelman

Financial

Engines

Center

LLC

(The)

,

First

Lien,

2021

Initial

CME

Term

Loan

,

8.941

%

,

(

1-month

SOFR

+

3.5

%

),

4/07/28

....

United

States

971,111

972,417

Jane

Street

Group

LLC

,

2024

Repricing

CME

Term

Loan

,

7.942

%

,

(

1-month

SOFR

+

2.5

%

),

1/26/28

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

United

States

533,456

534,323

Osmosis

Buyer

Ltd.

,

2022

Refinancing

CME

Term

Loan,

B,

9.072%,

(1-month

SOFR

+

3.75%),

7/31/28

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

United

Kingdom

1,052,679

1,055,753

j,n

2023

Incremental

Delayed

Draw

CME

Term

Loan,

9.576%,

(1-month

SOFR

+

4.25%),

7/31/28

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

United

Kingdom

142,443

143,259

Russell

Investments

US

Institutional

Holdco,

Inc.

,

2025

CME

Term

Loan

,

8.927

%

,

(

1-month

SOFR

+

3.5

%

),

5/30/25

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

United

States

582,356

560,008

4,577,295

a

a

a

a

a

a

l

Chemicals

2.9%

CPC

Acquisition

Corp.

,

First

Lien,

Initial

CME

Term

Loan

,

9.321

%

,

(

3-month

SOFR

+

3.75

%

),

12/29/27

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

United

States

688,266

584,338

Cyanco

Intermediate

2

Corp.

,

Initial

CME

Term

Loan

,

10.077

%

,

(

1-month

SOFR

+

4.75

%

),

7/10/28

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

United

States

151,964

152,788

Hexion

Holdings

Corp.

,

First

Lien,

Initial

CME

Term

Loan,

9.976%,

(3-month

SOFR

+

4.5%),

3/15/29

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

United

States

982,500

968,819

Second

Lien,

Initial

CME

Term

Loan,

12.868%,

(1-month

SOFR

+

7.438%),

3/15/30

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

United

States

279,070

249,488

Indicor

LLC

,

First

Lien,

Dollar

CME

Term

Loan,

B

,

9.302

%

,

(

3-month

SOFR

+

4

%

),

11/22/29

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

United

States

555,316

559,250

INEOS

Quattro

Holdings

UK

Ltd.

,

2029

Dollar

CME

Term

Loan,

B

,

9.68

%

,

(

1-month

SOFR

+

4.25

%

),

4/02/29

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

United

States

915,591

915,023

INEOS

US

Finance

LLC

,

2027-II

Dollar

CME

Term

Loan

,

9.18

%

,

(

1-month

SOFR

+

3.75

%

),

11/08/27

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

Luxembourg

316,800

317,847

LSF11

A5

Holdco

LLC

,

CME

Term

Loan

,

8.942

%

,

(

1-month

SOFR

+

3.5

%

),

10/15/28

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

United

States

618,154

619,158

Lummus

Technology

Holdings

V

LLC

,

2024

CME

Term

Loan,

B

,

8.945

%

,

(

1-month

SOFR

+

3.5

%

),

12/31/29

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

United

States

910,897

913,084

Nouryon

Finance

BV

,

2023

CME

Term

Loan,

9.423%,

(1-month

SOFR

+

4%),

4/03/28

.

Netherlands

271,387

272,631

Extended

Dollar

CME

Term

Loan,

9.419%,

(3-month

SOFR

+

4%),

4/03/28

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

Netherlands

502,469

504,667

PMHC

II,

Inc.

,

Initial

CME

Term

Loan,

B

,

9.723

%

,

(

3-month

SOFR

+

4.25

%

),

4/23/29

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

United

States

1,182,000

1,171,770

SCIH

Salt

Holdings,

Inc.

,

First

Lien,

Incremental

CME

Term

Loan,

B1

,

9.441

%

,

(

1-month

SOFR

+

4

%

),

3/16/27

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

United

States

1,178,873

1,182,356

8,411,219

a

a

a

a

a

a

l

Commercial

Services

&

Supplies

2.5%

Allied

Universal

Holdco

LLC

,

Amendment

No.

3

CME

Term

Loan,

10.08%,

(1-month

SOFR

+

4.75%),

5/12/28

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

United

States

348,250

349,680

Initial

U.S.

Dollar

CME

Term

Loan,

9.18%,

(1-month

SOFR

+

3.75%),

5/12/28

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

United

States

1,344,450

1,344,322

Amentum

Government

Services

Holdings

LLC

,

First

Lien,

CME

Term

Loan,

3

,

9.329

%

,

(

1-month

SOFR

+

4

%

),

2/15/29

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

United

States

1,047,488

1,051,196

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

13

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

l

Commercial

Services

&

Supplies

(continued)

CCI

Buyer,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.302

%

,

(

3-month

SOFR

+

4

%

),

12/17/27

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

United

States

696,699

$

693,526

Madison

IAQ

LLC

,

Term

Loan

,

8.693

%

,

(

1-month

USD

LIBOR

+

3.25

%

),

6/21/28

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

United

States

787,628

787,424

Pitney

Bowes,

Inc.

,

Refinancing

CME

Term

Loan,

B

,

9.445

%

,

(

1-month

SOFR

+

4

%

),

3/17/28

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

United

States

1,746,000

1,746,733

Prime

Security

Services

Borrower

LLC

,

First

Lien,

2023

Refinancing

CME

Term

Loan,

B1

,

7.827

%

,

(

3-month

SOFR

+

2.5

%

),

10/13/30

United

States

675

676

Spin

Holdco,

Inc.

,

Initial

CME

Term

Loan

,

9.585

%

,

(

3-month

SOFR

+

4

%

),

3/04/28

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

United

States

1,261,000

1,171,059

7,144,616

a

a

a

a

a

a

Communications

Equipment

0.1%

l

CommScope,

Inc.

,

Initial

CME

Term

Loan

,

8.695

%

,

(

1-month

SOFR

+

3.25

%

),

4/06/26

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

United

States

396,883

361,164

Construction

&

Engineering

0.5%

l

Brown

Group

Holding

LLC

,

Incremental

CME

Term

Loan,

B2

,

8.325

%

,

(

1-month

SOFR

+

3%;

3-month

SOFR

+

3%

),

7/02/29

..

United

States

162,418

162,611

j,m

Chromalloy

Corp.

,

CME

Term

Loan

,

TBD,

3/21/31

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

United

States

337,001

336,439

l

USIC

Holdings,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.106

%

,

(

3-month

SOFR

+

3.5

%

),

5/12/28

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

United

States

660,655

660,219

l

Zekelman

Industries,

Inc.

,

2024

CME

Term

Loan

,

7.579

%

,

(

1-month

SOFR

+

2.25

%

),

1/24/31

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

United

States

395,373

396,389

1,555,658

a

a

a

a

a

a

l

Consumer

Finance

0.2%

Boost

Newco

Borrower

LLC

,

USD

CME

Term

Loan,

B

,

8.309

%

,

(

3-month

SOFR

+

3

%

),

1/31/31

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

United

States

434,783

436,867

Nuvei

Technologies

Corp.

,

Initial

CME

Term

Loan

,

8.43

%

,

(

1-month

SOFR

+

3

%

),

12/19/30

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

Canada

220,296

221,076

657,943

a

a

a

a

a

a

l

Containers

&

Packaging

1.6%

Charter

Next

Generation,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

8.827

%

,

(

1-month

SOFR

+

3.5

%

),

12/01/27

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

United

States

1,529,568

1,534,088

Kleopatra

Finco

SARL

,

USD

CME

Term

Loan,

B

,

10.267

%

,

(

6-month

SOFR

+

4.725

%

),

2/12/26

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

Luxembourg

1,589,990

1,500,553

Mauser

Packaging

Solutions

Holding

Co.

,

Initial

CME

Term

Loan

,

9.326

%

,

(

1-month

SOFR

+

4

%

),

8/14/26

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

United

States

1,191,000

1,196,544

ProAmpac

PG

Borrower

LLC

,

2023-1

CME

Term

Loan

,

9.806

%

,

(

3-month

SOFR

+

4.5

%

),

9/15/28

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

United

States

485,185

486,641

4,717,826

a

a

a

a

a

a

l

Diversified

Consumer

Services

0.8%

j

KUEHG

Corp.

,

Initial

CME

Term

Loan

,

10.348

%

,

(

3-month

SOFR

+

5

%

),

6/12/30

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

United

States

591,773

594,143

Pre-Paid

Legal

Services,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.195

%

,

(

1-month

SOFR

+

3.75

%

),

12/15/28

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

United

States

691,372

688,962

Sedgwick

Claims

Management

Services,

Inc.

,

2023

CME

Term

Loan

,

9.076

%

,

(

1-month

SOFR

+

3.75

%

),

2/24/28

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

United

States

842,171

844,660

WW

International,

Inc.

,

Initial

CME

Term

Loan

,

8.945

%

,

(

1-month

SOFR

+

3.5

%

),

4/13/28

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

United

States

500,000

223,125

2,350,890

a

a

a

a

a

a

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

14

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

l

Diversified

Telecommunication

Services

0.8%

Altice

France

SA

,

USD

CME

Term

Loan,

B14

,

10.814

%

,

(

3-month

SOFR

+

5.5

%

),

8/15/28

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

France

481,765

$

385,564

Global

Tel*Link

Corp.

,

First

Lien,

CME

Term

Loan

,

9.68

%

,

(

1-month

SOFR

+

4.25

%

),

11/29/25

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

United

States

1,894,809

1,847,637

2,233,201

a

a

a

a

a

a

l

Entertainment

0.3%

Playtika

Holding

Corp.

,

CME

Term

Loan,

B1

,

8.195

%

,

(

1-month

SOFR

+

2.75

%

),

3/13/28

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

United

States

592,416

593,755

William

Morris

Endeavor

Entertainment

LLC

(IMG

Worldwide

Holdings

LLC)

,

First

Lien,

CME

Term

Loan,

B1

,

8.195

%

,

(

1-month

SOFR

+

2.75

%

),

5/18/25

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

United

States

316,782

316,951

910,706

a

a

a

a

a

a

l

Financial

Services

0.9%

Mercury

Borrower,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

8.945

%

,

(

1-month

SOFR

+

3.5

%

),

8/02/28

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

United

States

802,154

800,249

Red

Planet

Borrower

LLC

,

Initial

CME

Term

Loan

,

9.177

%

,

(

1-month

SOFR

+

3.75

%

),

10/02/28

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

United

States

273,260

269,355

Verscend

Holding

Corp.

,

CME

Term

Loan,

B1

,

9.445

%

,

(

1-month

SOFR

+

4

%

),

8/27/25

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

United

States

1,568,071

1,570,031

2,639,635

a

a

a

a

a

a

l

Food

Products

0.3%

B&G

Foods,

Inc.

,

CME

Term

Loan,

B4

,

7.827

%

,

(

1-month

SOFR

+

2.5

%

),

10/10/26

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

United

States

314,833

314,950

Fiesta

Purchaser,

Inc.

,

Initial

CME

Term

Loan

,

9.327

%

,

(

1-month

SOFR

+

4

%

),

2/12/31

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

United

States

181,291

181,806

Primary

Products

Finance

LLC

,

2024

Replacement

CME

Term

Loan,

B

,

8.94

%

,

(

3-month

SOFR

+

3.5

%

),

4/01/29

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

United

States

203,284

203,466

700,222

a

a

a

a

a

a

l

Ground

Transportation

0.3%

Avis

Budget

Car

Rental

LLC

,

New

CME

Term

Loan,

C

,

8.43

%

,

(

1-month

SOFR

+

3

%

),

3/16/29

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

United

States

287,333

288,141

PECF

USS

Intermediate

Holding

III

Corp.

,

Initial

CME

Term

Loan

,

9.824

%

,

(

3-month

SOFR

+

4.25

%

),

12/15/28

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

United

States

569,089

436,067

724,208

a

a

a

a

a

a

l

Health

Care

Equipment

&

Supplies

0.5%

Bausch

+

Lomb

Corp.

,

Incremental

CME

Term

Loan

,

9.33

%

,

(

1-month

SOFR

+

4

%

),

9/29/28

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

United

States

497,500

498,124

Medline

Borrower

LP

,

Refinancing

CME

Term

Loan

,

8.082

%

,

(

1-month

SOFR

+

2.75

%

),

10/23/28

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

United

States

269,145

270,032

US

Radiology

Specialists,

Inc.

(US

Outpatient

Imaging

Services,

Inc.)

,

Closing

Date

CME

Term

Loan

,

10.702

%

,

(

3-month

SOFR

+

5.25

%

),

12/15/27

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

United

States

578,025

579,831

1,347,987

a

a

a

a

a

a

l

Health

Care

Providers

&

Services

4.0%

ADMI

Corp.

,

Amendment

No.

10

Extended

CME

Term

Loan,

11.08%,

(1-month

SOFR

+

5.75%),

12/23/27

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

United

States

129,221

129,504

Amendment

No.

4

Refinancing

CME

Term

Loan,

8.82%,

(1-month

SOFR

+

3.375%),

12/23/27

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

United

States

755,692

730,187

Amendment

No.

5

Incremental

CME

Term

Loan,

9.195%,

(1-month

SOFR

+

3.75%),

12/23/27

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

United

States

203,576

197,086

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

15

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

l

Health

Care

Providers

&

Services

(continued)

Aveanna

Healthcare

LLC

,

First

Lien,

2021

Extended

CME

Term

Loan

,

9.193

%

,

(

3-month

SOFR

+

3.75

%

),

7/17/28

...........

United

States

415,427

$

400,515

Charlotte

Buyer,

Inc.

,

First

Lien,

Initial

CME

Term

Loan,

B

,

10.568

%

,

(

1-month

SOFR

+

5.25

%

),

2/11/28

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

United

States

708,194

711,374

CNT

Holdings

I

Corp.

,

First

Lien,

Initial

CME

Term

Loan

,

8.817

%

,

(

3-month

SOFR

+

3.5

%

),

11/08/27

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

United

States

145,759

146,203

eResearchTechnology,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.945

%

,

(

1-month

SOFR

+

4.5

%

),

2/04/27

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

United

States

643,532

646,203

FINThrive

Software

Intermediate

Holdings,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.424

%

,

(

3-month

SOFR

+

4

%

),

12/18/28

....

United

States

621,847

524,879

Global

Medical

Response,

Inc.

,

2018

New

CME

Term

Loan

,

9.824

%

,

(

3-month

SOFR

+

4.25

%

),

3/14/25

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

United

States

497,373

465,770

Medical

Solutions

Holdings,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

8.677

%

,

(

1-month

SOFR

+

3.25

%

),

11/01/28

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

United

States

377,236

337,470

MPH

Acquisition

Holdings

LLC

,

Initial

CME

Term

Loan

,

9.855

%

,

(

3-month

SOFR

+

4.25

%

),

9/01/28

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

United

States

624,531

605,058

National

Mentor

Holdings,

Inc.

,

First

Lien,

Initial

CME

Term

Loan,

9.173%,

(1-month

SOFR

+

3.75%;

3-month

SOFR

+

3.75%),

3/02/28

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

United

States

1,482,993

1,399,879

First

Lien,

Initial

CME

Term

Loan,

C,

9.198%,

(3-month

SOFR

+

3.75%),

3/02/28

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

United

States

48,018

45,327

Owens

&

Minor,

Inc.

,

CME

Term

Loan,

B1

,

9.18

%

,

(

1-month

SOFR

+

3.75

%

),

3/29/29

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

United

States

129,523

130,251

j

Pacific

Dental

Services

LLC

,

Refinancing

CME

Term

Loan

,

8.571

%

,

(

1-month

SOFR

+

3.25

%

),

3/07/31

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

United

States

533,694

534,492

Pathway

Vet

Alliance

LLC

,

First

Lien,

2021

Replacement

CME

Term

Loan

,

9.195

%

,

(

1-month

SOFR

+

3.75

%

),

3/31/27

...........

United

States

716,792

631,002

Phoenix

Newco,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

8.695

%

,

(

1-month

SOFR

+

3.25

%

),

11/15/28

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

United

States

252,903

253,766

Pluto

Acquisition

I,

Inc.

,

CME

Term

Loan,

B

,

9.316

%

,

(

3-month

SOFR

+

4

%

),

9/20/28

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

United

States

539,104

474,411

Radiology

Partners,

Inc.

,

CME

Term

Loan,

B

,

10.587

%

,

(

3-month

SOFR

+

5

%

),

1/31/29

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

United

States

644,404

624,151

Star

Parent,

Inc.

,

CME

Term

Loan

,

9.309

%

,

(

3-month

SOFR

+

4

%

),

9/27/30

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

United

States

466,667

464,364

Surgery

Center

Holdings,

Inc.

,

Initial

CME

Term

Loan

,

8.829

%

,

(

1-month

SOFR

+

3.5

%

),

12/19/30

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

United

States

71,225

71,646

U.S.

Anesthesia

Partners,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.69

%

,

(

1-month

SOFR

+

4.25

%

),

10/01/28

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

United

States

342,206

327,996

Waystar

Technologies,

Inc.

,

First

Lien,

2024

Initial

CME

Term

Loan

,

9.33

%

,

(

1-month

SOFR

+

4

%

),

10/22/29

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

United

States

1,753,342

1,759,917

11,611,451

a

a

a

a

a

a

Health

Care

Technology

0.9%

l

athenahealth

Group,

Inc.

,

Initial

CME

Term

Loan

,

8.58

%

,

(

1-month

SOFR

+

3.25

%

),

2/15/29

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

United

States

1,749,890

1,737,729

j,m

Cotiviti

Holdings,

Inc.

,

CME

Term

Loan

,

TBD,

2/24/31

..........

United

States

857,143

856,071

2,593,800

a

a

a

a

a

a

l

Hotels,

Restaurants

&

Leisure

2.1%

h

24

Hour

Fitness

Worldwide,

Inc.

,

CME

Term

Loan,

1

,

PIK,

10.61

%

,

(

3-month

SOFR

+

5

%

),

12/29/25

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

United

States

1,263,843

621,387

Bally's

Corp.

,

CME

Term

Loan,

B

,

8.829

%

,

(

3-month

SOFR

+

3.25

%

),

10/02/28

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

United

States

980,477

923,075

Caesars

Entertainment,

Inc.

,

2023

Incremental

CME

Term

Loan,

B

,

8.663

%

,

(

3-month

SOFR

+

3.25

%

),

2/06/30

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

United

States

297,000

298,218

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

16

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

l

Hotels,

Restaurants

&

Leisure

(continued)

Fertitta

Entertainment

LLC

,

Initial

CME

Term

Loan,

B

,

9.077

%

,

(

1-month

SOFR

+

3.75

%

),

1/27/29

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

United

States

670,610

$

672,987

Flynn

Restaurant

Group

LP

,

First

Lien,

2021

CME

Term

Loan

,

9.692

%

,

(

1-month

SOFR

+

4.25

%

),

11/22/28

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

United

States

765,696

769,046

Hilton

Grand

Vacations

Borrower

LLC

,

Initial

CME

Term

Loan

,

8.192

%

,

(

1-month

SOFR

+

2.75

%

),

8/02/28

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

United

States

662,793

664,314

IRB

Holding

Corp.

,

2024

Replacement

CME

Term

Loan,

B

,

8.177

%

,

(

1-month

SOFR

+

2.75

%

),

12/15/27

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

United

States

348,248

3

48,739

Light

&

Wonder

International,

Inc.

,

CME

Term

Loan,

B1

,

8.075

%

,

(

1-month

SOFR

+

2.75

%

),

4/14/29

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

United

States

160,349

160,894

Ontario

Gaming

GTA

LP

,

CME

Term

Loan,

B

,

9.559

%

,

(

3-month

SOFR

+

4.25

%

),

8/01/30

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

Canada

424,109

426,079

Penn

National

Gaming,

Inc.

,

CME

Term

Loan,

B

,

8.177

%

,

(

1-month

SOFR

+

2.75

%

),

5/03/29

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

United

States

108,286

108,524

Raptor

Acquisition

Corp.

,

First

Lien,

CME

Term

Loan,

B

,

9.59

%

,

(

3-month

SOFR

+

4

%

),

11/01/26

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

United

States

542,585

544,280

Scientific

Games

Holdings

LP

,

First

Lien,

Initial

Dollar

CME

Term

Loan

,

8.58

%

,

(

3-month

SOFR

+

3.25

%

),

4/04/29

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

United

States

499,575

500,057

6,037,600

a

a

a

a

a

a

Household

Durables

0.1%

l

Hunter

Douglas

Holding

BV

,

CME

Term

Loan,

B1

,

8.824

%

,

(

3-month

SOFR

+

3.5

%

),

2/26/29

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

Netherlands

296,241

293,348

Household

Products

0.1%

l

Energizer

Holdings,

Inc.

,

2020

CME

Term

Loan

,

7.693

%

,

(

1-month

SOFR

+

2.25

%

),

12/22/27

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

United

States

168,651

168,777

Independent

Power

and

Renewable

Electricity

Producers

0.1%

l

Talen

Energy

Supply

LLC

,

Initial

CME

Term

Loan,

B,

9.826%,

(3-month

SOFR

+

4.5%),

5/17/30

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

United

States

208,734

209,760

Initial

CME

Term

Loan,

C,

9.826%,

(3-month

SOFR

+

4.5%),

5/17/30

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

United

States

49,735

49,980

259,740

a

a

a

a

a

a

Insurance

1.6%

l

Acrisure

LLC

,

First

Lien,

2020

Term

Loan,

8.945%,

(1-month

USD

LIBOR

+

3.5%),

2/15/27

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

United

States

771,859

772,342

First

Lien,

2021-1

Additional

Term

Loan,

9.195%,

(1-month

USD

LIBOR

+

3.75%),

2/15/27

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

United

States

190,761

191,178

First

Lien,

2021-2

Additional

Term

Loan,

9.695%,

(1-month

USD

LIBOR

+

4.25%),

2/15/27

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

United

States

170,892

171,639

l

Alliant

Holdings

Intermediate

LLC

,

New

CME

Term

Loan,

B6

,

8.827

%

,

(

1-month

SOFR

+

3.5

%

),

11/06/30

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

United

States

483,508

486,030

l

AssuredPartners,

Inc.

,

2020

CME

Term

Loan,

8.826%,

(1-month

SOFR

+

3.5%),

2/12/27

United

States

398,125

398,935

2021

CME

Term

Loan,

8.941%,

(1-month

SOFR

+

3.5%),

2/12/27

United

States

239,972

240,452

2023

CME

Term

Loan,

9.076%,

(1-month

SOFR

+

3.75%),

2/12/27

United

States

657,077

658,585

l

Asurion

LLC

,

New

CME

Term

Loan,

B10,

9.427%,

(1-month

SOFR

+

4%),

8/19/28

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

United

States

394,000

380,456

Second

Lien,

New

CME

Term

Loan,

B3,

10.692%,

(1-month

SOFR

+

5.25%),

1/31/28

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

United

States

32,665

29,623

Second

Lien,

New

CME

Term

Loan,

B4,

10.692%,

(1-month

SOFR

+

5.25%),

1/20/29

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

United

States

1,085,259

976,141

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

17

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

Insurance

(continued)

j,m

Truist

Insurance

Holdings

LLC

,

Term

Loan,

B

,

TBD,

3/24/31

.....

United

States

247,525

$

247,421

4,552,802

a

a

a

a

a

a

l

IT

Services

1.5%

Aventiv

Technologies

LLC

,

First

Lien,

Initial

CME

Term

Loan

,

10.5

%

,

(

3-month

SOFR

+

4.89

%

),

11/01/24

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

United

States

1,460,999

1,095,384

Barracuda

Parent

LLC

,

First

Lien,

Initial

CME

Term

Loan

,

9.813

%

,

(

3-month

SOFR

+

4.5

%

),

8/15/29

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

United

States

827,514

824,307

Gainwell

Acquisition

Corp.

,

First

Lien,

CME

Term

Loan,

B

,

9.409

%

,

(

3-month

SOFR

+

4

%

),

10/01/27

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

United

States

1,123,241

1,076,486

Peraton

Corp.

,

First

Lien,

CME

Term

Loan,

B

,

9.18

%

,

(

1-month

SOFR

+

3.75

%

),

2/01/28

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

United

States

1,418,058

1,419,505

4,415,682

a

a

a

a

a

a

l

Machinery

0.6%

ASP

Blade

Holdings,

Inc.

,

Initial

CME

Term

Loan

,

9.564

%

,

(

3-month

SOFR

+

4

%

),

10/13/28

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

United

States

542,500

492,048

Tiger

Acquisition

LLC

,

First

Lien,

Initial

CME

Term

Loan

,

8.68

%

,

(

1-month

SOFR

+

3.25

%

),

6/01/28

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

United

States

530,612

526,821

TK

Elevator

Midco

GmbH

,

USD

CME

Term

Loan,

B1

,

9.081

%

,

(

6-month

SOFR

+

3.5

%

),

7/30/27

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

Germany

697,487

700,636

1,719,505

a

a

a

a

a

a

Media

2.4%

j,l

Cengage

Learning

Acquisitions,

Inc.

,

CME

Term

Loan,

B

,

9.579

%

,

(

1-month

SOFR

+

4.25

%

),

3/18/31

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

United

States

843,760

843,891

h

Diamond

Sports

Group

LLC

,

Debtor-In-Possession

Term

Loan

,

PIK,

10

%

,

12/02/24

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

United

States

72,090

120,271

l

Gray

Television,

Inc.

,

CME

Term

Loan,

D

,

8.44

%

,

(

1-month

SOFR

+

3

%

),

12/01/28

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

United

States

293,985

276,428

l

McGraw-Hill

Education,

Inc.

,

Initial

CME

Term

Loan

,

10.192

%

,

(

1-month

SOFR

+

4.75

%

),

7/28/28

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

United

States

985,845

988,837

l

MH

Sub

I

LLC

(Micro

Holding

Corp.)

,

First

Lien,

2023

May

Incremental

CME

Term

Loan

,

9.58

%

,

(

1-month

SOFR

+

4.25

%

),

5/03/28

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

United

States

1,084,722

1,079,

542

l

Radiate

Holdco

LLC

,

Amendment

No.

6

CME

Term

Loan,

B

,

8.695

%

,

(

1-month

SOFR

+

3.25

%

),

9/25/26

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

United

States

1,744,201

1,465,129

l

Univision

Communications,

Inc.

,

First

Lien,

2021

Replacement

Converted

CME

Term

Loan,

8.695%,

(1-month

SOFR

+

3.25%),

3/15/26

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

United

States

956,098

958,354

First

Lien,

Initial

CME

Term

Loan,

B,

8.695%,

(1-month

SOFR

+

3.25%),

1/31/29

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

United

States

335,543

335,369

l

Virgin

Media

Bristol

LLC

,

CME

Term

Loan,

Q

,

8.575

%

,

(

1-month

SOFR

+

3.25

%

),

1/31/29

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

United

States

762,949

756,480

6,824,301

a

a

a

a

a

a

Metals

&

Mining

0.1%

l

Arsenal

AIC

Parent

LLC

,

2024

CME

Term

Loan,

B

,

9.08

%

,

(

1-month

SOFR

+

3.75

%

),

8/18/30

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

United

States

376,579

378,321

l

Passenger

Airlines

1.3%

AAdvantage

Loyalty

IP

Ltd.

(American

Airlines,

Inc.)

,

Initial

CME

Term

Loan

,

10.329

%

,

(

3-month

SOFR

+

4.75

%

),

4/20/28

......

United

States

615,510

640,260

j

Air

Canada

,

CME

Term

Loan,

B

,

7.833

%

,

(

3-month

SOFR

+

2.5

%

),

3/14/31

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

Canada

661,450

663,520

American

Airlines,

Inc.

,

Initial

CME

Term

Loan

,

8.775

%

,

(

6-month

SOFR

+

3.5

%

),

6/04/29

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

United

States

800,000

803,500

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

18

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

l

Passenger

Airlines

(continued)

Kestrel

Bidco,

Inc.

,

CME

Term

Loan,

8.426%,

(1-month

SOFR

+

3%),

12/11/26

....

Canada

123,215

$

123,341

Initial

CME

Term

Loan,

9.068%,

(1-month

SOFR

+

3.75%),

2/14/31

Canada

1,004,407

1,005,662

United

Airlines,

Inc.

,

2024

CME

Term

Loan,

B

,

8.076

%

,

(

3-month

SOFR

+

2.75

%

),

2/22/31

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

United

States

600,000

601,686

3,837,969

a

a

a

a

a

a

Personal

Care

Products

0.2%

l

Conair

Holdings

LLC

,

First

Lien,

Initial

CME

Term

Loan

,

9.192

%

,

(

1-month

SOFR

+

3.75

%

),

5/17/28

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

United

States

656,656

652,007

l

Pharmaceuticals

0.6%

Grifols

Worldwide

Operations

Ltd.

,

Dollar

CME

Term

Loan,

B

,

7.459

%

,

(

3-month

SOFR

+

2

%

),

11/15/27

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

Spain

497,403

482,697

Jazz

Pharmaceuticals

plc

,

Additional

Dollar

CME

Term

Loan,

B1

,

8.445

%

,

(

1-month

SOFR

+

3

%

),

5/05/28

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

United

States

625,518

629,428

Organon

&

Co.

,

Dollar

CME

Term

Loan

,

8.433

%

,

(

1-month

SOFR

+

3

%

),

6/02/28

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

United

States

675,709

678,949

1,791,074

a

a

a

a

a

a

l

Professional

Services

0.4%

CCRR

Parent,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.192

%

,

(

1-month

SOFR

+

3.75

%

),

3/06/28

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

United

States

777,234

704,042

CHG

Healthcare

Services,

Inc.

,

First

Lien,

2023

Incremental

CME

Term

Loan,

9.092%,

(1-month

SOFR

+

3.75%;

3-month

SOFR

+

3.75%),

9/29/28

...........

United

States

145,976

146,524

First

Lien,

Initial

CME

Term

Loan,

8.695%,

(1-month

SOFR

+

3.25%),

9/29/28

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

United

States

420,000

420,831

1,271,397

a

a

a

a

a

a

Real

Estate

Management

&

Development

0.1%

l

Greystar

Real

Estate

Partners

LLC

,

CME

Term

Loan,

B1

,

8.576

%

,

(

3-month

SOFR

+

3.25

%

),

8/21/30

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

United

States

125,751

126,066

Semiconductors

&

Semiconductor

Equipment

0.4%

l

MKS

Instruments,

Inc.

,

2023-1

Dollar

CME

Term

Loan,

B

,

7.823

%

,

(

1-month

SOFR

+

2.5

%

),

8/17/29

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

United

States

1,058,886

1,060,983

l

Software

5.5%

Central

Parent

LLC

,

First

Lien,

2023

Refinancing

CME

Term

Loan

,

9.309

%

,

(

3-month

SOFR

+

4

%

),

7/06/29

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

United

States

1,254,209

1,259,364

j

Cloud

Software

Group,

Inc.

,

First

Lien,

Third

Amendment

CME

Term

Loan

,

9.929

%

,

(

3-month

SOFR

+

4.5

%

),

3/21/31

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

United

States

468,750

466,261

Cloudera,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.18

%

,

(

1-month

SOFR

+

3.75

%

),

10/08/28

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

United

States

371,701

370,889

Cornerstone

OnDemand,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.195

%

,

(

1-month

SOFR

+

3.75

%

),

10/16/28

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

United

States

641,922

630,958

DCert

Buyer,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.33

%

,

(

1-month

SOFR

+

4

%

),

10/16/26

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

United

States

1,698,744

1,692,918

ECI

Macola/MAX

Holding

LLC

,

First

Lien,

Initial

CME

Term

Loan

,

9.314

%

,

(

3-month

SOFR

+

3.75

%

),

11/09/27

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

United

States

614,123

616,211

Epicor

Software

Corp.

,

CME

Term

Loan,

C,

8.692%,

(1-month

SOFR

+

3.25%),

7/30/27

.

United

States

650,458

653,492

First

Lien,

Incremental

CME

Term

Loan,

9.077%,

(1-month

SOFR

+

3.75%),

7/30/27

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

United

States

371,163

373,516

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

19

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

l

Software

(continued)

Genesys

Cloud

Services

Holdings

I

LLC

,

2024

Incremental

No.

2

Dollar

CME

Term

Loan

,

8.816

%

,

(

1-month

SOFR

+

3.5

%

),

12/01/27

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

United

States

953,855

$

957,437

Greeneden

U.S.

Holdings

I

LLC

,

2024

Incremental

Dollar

CME

Term

Loan

,

9.191

%

,

(

1-month

SOFR

+

3.75

%

),

12/01/27

..........

United

States

395,604

397,584

Idera,

Inc.

,

First

Lien,

CME

Term

Loan,

B1

,

9.206

%

,

(

3-month

SOFR

+

3.75

%

),

3/02/28

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

United

States

1,159,497

1,156,906

IGT

Holding

IV

AB

,

CME

Term

Loan,

B2

,

8.972

%

,

(

3-month

SOFR

+

4.75

%

),

3/31/28

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

Sweden

516,205

517,818

Ivanti

Software,

Inc.

,

First

Lien,

2021

Specified

Refinancing

CME

Term

Loan,

9.839%,

(3-month

SOFR

+

4.25%),

12/01/27

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

United

States

780,080

732,300

First

Lien,

First

Amendment

CME

Term

Loan,

9.591%,

(3-month

SOFR

+

4%),

12/01/27

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

United

States

57,157

53,465

McAfee

Corp.

,

CME

Term

Loan,

B1

,

9.176

%

,

(

1-month

SOFR

+

3.75

%

),

3/01/29

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

United

States

779,856

780,238

Mitchell

International,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.195

%

,

(

1-month

SOFR

+

3.75

%

),

10/15/28

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

United

States

674,723

675,762

Polaris

Newco

LLC

,

First

Lien,

Dollar

CME

Term

Loan

,

9.574

%

,

(

3-month

SOFR

+

4

%

),

6/02/28

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

United

States

1,404,217

1,392,260

Precisely

Software,

Inc.

,

First

Lien,

Third

Amendment

CME

Term

Loan

,

9.586

%

,

(

3-month

SOFR

+

4

%

),

4/24/28

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

United

States

454,653

455,837

Project

Alpha

Intermediate

Holding,

Inc.

,

Initial

CME

Term

Loan

,

10.063

%

,

(

3-month

SOFR

+

4.75

%

),

10/28/30

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

United

States

600,000

603,957

j

Project

Boost

Purchaser

LLC

,

First

Lien,

2021

CME

Term

Loan,

2

,

8.957

%

,

(

1-month

SOFR

+

3.5%;

3-month

SOFR

+

3.5%

),

5/30/26

United

States

304,348

305,434

Quest

Software

US

Holdings,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.713

%

,

(

3-month

SOFR

+

4.25

%

),

2/01/29

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

United

States

689,500

527,126

Rocket

Software,

Inc.

,

Extended

Dollar

CME

Term

Loan

,

10.08

%

,

(

1-month

SOFR

+

4.75

%

),

11/28/28

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

United

States

410,226

407,740

Sovos

Compliance

LLC

,

First

Lien,

Initial

CME

Term

Loan

,

9.945

%

,

(

1-month

SOFR

+

4.5

%

),

8/11/28

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

United

States

620,914

616,189

UKG,

Inc.

,

Second

Lien,

2021

Incremental

CME

Term

Loan

,

10.68

%

,

(

3-month

SOFR

+

5.25

%

),

5/03/27

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

United

States

176,960

178,840

15,822,502

a

a

a

a

a

a

l

Specialty

Retail

2.1%

Evergreen

AcqCo

1

LP

,

Initial

CME

Term

Loan

,

9.36

%

,

(

3-month

SOFR

+

3.75

%

),

4/26/28

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

United

States

379,744

381,643

GNC

Holdings,

Inc.

,

Second

Lien,

CME

Term

Loan

,

11.426

%

,

(

1-month

SOFR

+

6

%

),

10/07/26

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

United

States

109,633

87,706

Great

Outdoors

Group

LLC

,

CME

Term

Loan,

B2

,

9.195

%

,

(

1-month

SOFR

+

3.75

%

),

3/06/28

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

United

States

755,436

756,800

Michaels

Cos.,

Inc.

(The)

,

CME

Term

Loan,

B

,

9.821

%

,

(

3-month

SOFR

+

4.25

%

),

4/15/28

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

United

States

992,439

892,972

Park

River

Holdings,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

8.843

%

,

(

3-month

SOFR

+

3.25

%

),

12/28/27

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

United

States

644,139

640,516

PetSmart

LLC

,

Initial

CME

Term

Loan

,

9.18

%

,

(

1-month

SOFR

+

3.75

%

),

2/11/28

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

United

States

505,174

504,648

RealTruck

Group,

Inc.

,

Initial

CME

Term

Loan

,

8.945

%

,

(

1-month

SOFR

+

3.5

%

),

1/31/28

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

United

States

792,023

786,875

SRS

Distribution,

Inc.

,

2021

Refinancing

CME

Term

Loan,

8.945%,

(1-month

SOFR

+

3.5%),

6/02/28

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

United

States

519,139

523,315

2022

Refinancing

CME

Term

Loan,

8.68%,

(1-month

SOFR

+

3.25%),

6/02/28

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

United

States

23,386

23,543

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

20

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Senior

Floating

Rate

Interests

(continued)

l

Specialty

Retail

(continued)

Staples,

Inc.

,

2019

Refinancing

New

Term

Loan,

B1

,

10.44

%

,

(

1-month

USD

LIBOR

+

5

%

),

4/16/26

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

United

States

535,904

$

531,641

White

Cap

Supply

Holdings

LLC

,

Initial

Closing

Date

CME

Term

Loan

,

9.08

%

,

(

1-month

SOFR

+

3.75

%

),

10/19/27

...........

United

States

387,100

388,701

Woof

Holdings,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

9.321

%

,

(

3-month

SOFR

+

3.75

%

),

12/21/27

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

United

States

518,768

415,014

5,933,374

a

a

a

a

a

a

Technology

Hardware,

Storage

&

Peripherals

0.2%

l

Magenta

Buyer

LLC

,

First

Lien,

Initial

CME

Term

Loan

,

10.574

%

,

(

3-month

SOFR

+

5

%

),

7/27/28

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

United

States

777,498

466,499

Textiles,

Apparel

&

Luxury

Goods

0.1%

l

Champ

Acquisition

Corp.

,

First

Lien,

Initial

CME

Term

Loan

,

11.064

%

,

(

3-month

SOFR

+

5.5

%

),

12/19/25

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

United

States

393,807

395,407

l

Transportation

Infrastructure

0.4%

First

Student

Bidco,

Inc.

,

Incremental

CME

Term

Loan,

B,

9.402%,

(3-month

SOFR

+

4%),

7/21/28

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

United

States

370,230

370,970

Initial

CME

Term

Loan,

B,

8.61%,

(3-month

SOFR

+

3%),

7/21/28

United

States

351,211

351,309

Initial

CME

Term

Loan,

C,

8.61%,

(3-month

SOFR

+

3%),

7/21/28

United

States

106,521

106,551

LaserShip,

Inc.

,

First

Lien,

Initial

CME

Term

Loan

,

10.071

%

,

(

3-month

SOFR

+

4.5

%

),

5/07/28

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

United

States

456,140

426,149

1,254,979

a

a

a

a

a

a

Total

Senior

Floating

Rate

Interests

(Cost

$123,598,226)

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

121,152,374

o

Marketplace

Loans

21.0%

b

Financial

Services

21.0%

a

a

a

a

a

a

Total

Marketplace

Loans

(Cost

$64,972,468)

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

60,510,654

Asset-Backed

Securities

14.4%

Capital

Markets

0.0%

†

e,l

Merrill

Lynch

Mortgage

Investors

Trust

,

2003-OPT1

,

B2

,

FRN

,

9.569

%

,

(

1-month

SOFR

+

4.239

%

),

7/25/34

.

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

United

States

33,301

12,824

Commercial

Services

&

Supplies

0.5%

c,l

KKR

CLO

26

Ltd.

,

CR

,

144A,

FRN

,

7.776

%

,

(

3-month

SOFR

+

2.462

%

),

10/15/34

.

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

United

States

1,500,000

1,502,040

Financial

Services

13.9%

c,l

AMMC

CLO

22

Ltd.

,

2018-22A

,

C

,

144A,

FRN

,

7.336

%

,

(

3-month

SOFR

+

2.012

%

),

4/25/31

.

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

United

States

1,500,000

1,507,449

c,l

BlueMountain

CLO

XXV

Ltd.

,

2019-25A

,

CR

,

144A,

FRN

,

7.826

%

,

(

3-month

SOFR

+

2.512

%

),

7/15/36

.

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

United

States

1,500,000

1,490,114

c,e,l

BlueMountain

CLO

XXVI

Ltd.

,

2019-26A

,

CR

,

1

44A,

FRN

,

7.779

%

,

(

3-month

SOFR

+

2.462

%

),

10/20/34

.

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

United

States

2,000,000

1,990,402

c,l

BlueMountain

CLO

XXXI

Ltd.

,

2021-31A

,

D

,

144A,

FRN

,

8.571

%

,

(

3-month

SOFR

+

3.262

%

),

4/19/34

.

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

United

States

1,000,000

966,214

c,l

BlueMountain

CLO

XXXV

Ltd.

,

2022-35A

,

D

,

144A,

FRN

,

9.318

%

,

(

3-month

SOFR

+

4

%

),

7/22/35

.

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

United

States

1,500,000

1,481,488

c,l

Carlyle

Global

Market

Strategies

CLO

Ltd.

,

2014-1A,

CR2,

144A,

FRN,

7.378%,

(3-month

SOFR

+

2.062%),

4/17/31

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

United

States

1,500,000

1,482,830

2014-1A,

DR,

144A,

FRN,

8.178%,

(3-month

SOFR

+

2.862%),

4/17/31

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

United

States

2,300,000

2,239,751

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

21

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Asset-Backed

Securities

(continued)

Financial

Services

(continued)

c,l

Carlyle

US

CLO

Ltd.

,

2017-4A,

C,

144A,

FRN,

8.376%,

(3-month

SOFR

+

3.062%),

1/15/30

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

United

States

1,000,000

$

992,500

2019-1A,

BR,

144A,

FRN,

7.779%,

(3-month

SOFR

+

2.462%),

4/20/31

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

United

States

1,500,000

1,507,915

c,p

Consumer

Loan

Underlying

Bond

Certificate

Issuer

Trust

I

,

2019-26,

PT,

144A,

FRN,

15.157%,

8/15/44

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

United

States

19,726

18,614

2019-31,

PT,

144A,

FRN,

14.093%,

9/15/44

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

United

States

18,355

17,059

2019-37,

PT,

144A,

FRN,

15.276%,

10/17/44

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

United

States

22,043

20,899

2019-42,

PT,

144A,

FRN,

15.852%,

11/15/44

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

United

States

20,720

19,550

2019-51,

PT,

144A,

FRN,

14.917%,

1/15/45

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

United

States

29,179

27,605

2019-52,

PT,

144A,

FRN,

15.312%,

1/15/45

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

United

States

25,208

23,858

2019-S2,

PT,

144A,

FRN,

13.654%,

5/16/44

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

United

States

3,278

3,193

2019-S3,

PT,

144A,

FRN,

4.006%,

6/15/44

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

United

States

9,402

8,990

2019-S4,

PT,

144A,

FRN,

9.809%,

8/15/44

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

United

States

9,153

8,894

2019-S5,

PT,

144A,

FRN,

10.28%,

9/15/44

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

United

States

14,335

13,474

2019-S6,

PT,

144A,

FRN,

10.055%,

10/17/44

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

United

States

18,726

17,578

2019-S7,

PT,

144A,

FRN,

9.238%,

12/15/44

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

United

States

13,471

12,731

2019-S8,

PT,

144A,

FRN,

9.555%,

1/15/45

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

United

States

15,789

14,788

2020-2,

PT,

144A,

FRN,

14.281%,

3/15/45

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

United

States

29,371

27,634

2020-7,

PT,

144A,

FRN,

15.069%,

4/17/45

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

United

States

18,911

17,581

c,l

Dryden

38

Senior

Loan

Fund

,

2015-38A

,

DR

,

144A,

FRN

,

8.576

%

,

(

3-month

SOFR

+

3.262

%

),

7/15/30

.

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

United

States

2,500,000

2,471,926

c,l

Dryden

42

Senior

Loan

Fund

,

2016-42A,

CR,

144A,

FRN,

7.626%,

(3-month

SOFR

+

2.312%),

7/15/30

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

United

States

2,400,000

2,412,087

2016-42A,

DR,

144A,

FRN,

8.506%,

(3-month

SOFR

+

3.192%),

7/15/30

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

United

States

1,000,000

975,331

c,l

Dryden

58

CLO

Ltd.

,

2018-58A

,

C

,

144A,

FRN

,

7.378

%

,

(

3-month

SOFR

+

2.062

%

),

7/17/31

.

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

United

States

3,000,000

3,010,465

c,l

KKR

CLO

20

Ltd.

,

C

,

144A,

FRN

,

7.526

%

,

(

3-month

SOFR

+

2.212

%

),

10/16/30

.

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

United

States

1,000,000

1,004,882

c,l

Madison

Park

Funding

XXXI

Ltd.

,

2018-31A

,

D

,

144A,

FRN

,

8.577

%

,

(

3-month

SOFR

+

3.262

%

),

1/23/31

.

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

United

States

1,250,000

1,253,964

c,l

Magnetite

XXII

Ltd.

,

2019-22A

,

DR

,

144A,

FRN

,

8.676

%

,

(

3-month

SOFR

+

3.362

%

),

4/15/31

.

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

United

States

1,000,000

1,005,858

e,l

Morgan

Stanley

ABS

Capital

I,

Inc.

Trust

,

2003-NC10

,

B1

,

FRN

,

10.394

%

,

(

1-month

SOFR

+

5.064

%

),

10/25/33

.

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

United

States

169,868

182,887

c,l

Newark

BSL

CLO

1

Ltd.

,

2016-1A

,

CR

,

144A,

FRN

,

8.581

%

,

(

3-month

SOFR

+

3.262

%

),

12/21

/29

.

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

United

States

1,000,000

993,067

c,l

Octagon

Investment

Partners

32

Ltd.

,

2017-1A

,

CR

,

144A,

FRN

,

7.626

%

,

(

3-month

SOFR

+

2.312

%

),

7/15/29

.

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

United

States

1,500,000

1,506,279

c,l

Octagon

Investment

Partners

XXII

Ltd.

,

2014-1A

,

CRR

,

144A,

FRN

,

7.479

%

,

(

3-month

SOFR

+

2.162

%

),

1/22/30

.

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

United

States

6,050,000

6,035,410

c,l

OHA

Credit

Funding

9

Ltd.

,

2021-9A

,

D

,

144A,

FRN

,

8.521

%

,

(

3-month

SOFR

+

3.212

%

),

7/19/35

.

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

United

States

1,500,000

1,504,373

c,p

Prosper

Pass-Thru

Trust

III

,

2020-PT1,

A,

144A,

FRN,

11.958%,

3/15/26

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

United

States

15,613

14,913

2020-PT2,

A,

144A,

FRN,

7.209%,

4/15/26

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

United

States

19,802

18,914

2020-PT3,

A,

144A,

FRN,

2.553%,

5/15/26

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

United

States

4,690

4,024

l

Structured

Asset

Investment

Loan

Trust

,

2003-BC2

,

M3

,

FRN

,

10.319

%

,

(

1-month

SOFR

+

4.989

%

),

4/25/33

.

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

United

States

13,987

15,459

c,p

Upgrade

Master

Pass-Thru

Trust

,

2019-PT2

,

A

,

144A,

FRN

,

8.197

%

,

2/15/26

.

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

United

States

14,362

14,085

c,l

Voya

CLO

Ltd.

,

2014-1A,

BR2,

144A,

FRN,

7.46%,

(3-month

SOFR

+

2.162%),

4/18/31

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

United

States

1,300,000

1,293,207

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

22

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Asset-Backed

Securities

(continued)

Financial

Services

(continued)

c,l

Voya

CLO

Ltd.,

(continued)

2014-1A,

CR2,

144A,

FRN,

8.36%,

(3-month

SOFR

+

3.062%),

4/18/31

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

United

States

500,000

$

481,041

2016-3A,

CR,

144A,

FRN,

8.81%,

(3-month

SOFR

+

3.512%),

10/18/31

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

United

States

2,000,000

1,949,698

40,058,981

a

a

a

a

a

a

Total

Asset-Backed

Securities

(Cost

$41,080,793)

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

41,573,845

Commercial

Mortgage-Backed

Securities

1.0%

Financial

Services

1.0%

d

Citigroup

Commercial

Mortgage

Trust

,

2015-GC27

,

A5

,

3.137

%

,

2/10/48

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

United

States

1,520,000

1,495,495

d

JPMBB

Commercial

Mortgage

Securities

Trust

,

2015-C28

,

A4

,

3.227

%

,

10/15/48

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

United

States

1,410,000

1,373,204

2,868,699

a

a

a

a

a

a

Total

Commercial

Mortgage-Backed

Securities

(Cost

$2,976,506)

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

2,868,699

Mortgage-Backed

Securities

15.1%

Federal

Home

Loan

Mortgage

Corp.

(FHLMC)

Fixed

Rate

1.0%

e

FHLMC

Gold

Pool,

20

Year,

6.5%,

8/01/27

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

United

States

36,984

37,831

e

FHLMC

Gold

Pool,

30

Year,

3.5%,

3/01/45

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

United

States

8,749

7,999

e

FHLMC

Gold

Pool,

30

Year,

3.5%,

12/01/48

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

United

States

1,613,249

1,475,464

e

FHLMC

Gold

Pool,

30

Year,

4%,

5/01/48

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

United

States

1,154,053

1,093,650

e

FHLMC

Gold

Pool,

30

Year,

6%,

7/01/28

-

11/01/36

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

United

States

170,808

175,768

e

FHLMC

Gold

Pool,

30

Year,

6.5%,

3/01/38

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

United

States

5,526

5,749

e

FHLMC

Gold

Pool,

30

Year,

7%,

9/01/27

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

United

States

13,022

13,443

e

FHLMC

Gold

Pool,

30

Year,

8.5%,

7/01/31

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

United

States

45,098

47,174

2,857,078

q

Federal

National

Mortgage

Association

(FNMA)

Adjustable

Rate

0.0%

†

FNMA,

5.665%

-

7.475%,

(6-month

Refinitiv

USD

IBOR

Consumer

Cash

Fallbacks

+/-

MBS

Margin),

6/01/32

-

7/01/34

..........

United

States

47,557

47,473

47,473

Federal

National

Mortgage

Association

(FNMA)

Fixed

Rate

9.4%

FNMA,

3.5%,

7/01/56

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

United

States

369,450

328,358

FNMA,

15

Year,

2%,

9/01/35

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

United

States

775,259

692,900

FNMA,

15

Year,

3%,

8/01/27

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

United

States

1,536

1,474

FNMA,

15

Year,

3.5%,

1/01/26

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

United

States

2,275

2,225

FNMA,

20

Year,

4.5%,

5/01/24

-

9/01/29

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

United

States

10,785

10,615

FNMA,

30

Year,

3%,

10/01/50

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

United

States

2,430,610

2,110,920

FNMA,

30

Year,

3.5%,

1/01/45

-

6/01/45

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

United

States

383,872

351,719

FNMA,

30

Year,

4%,

10/01/47

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

United

States

1,720,260

1,628,046

FNMA,

30

Year,

4%,

11/01/44

-

1/01/48

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

United

States

528,605

499,916

FNMA,

30

Year,

4.5%,

3/01/44

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

United

States

591

577

FNMA,

30

Year,

5%,

5/01/38

-

7/01/39

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

United

States

127,139

127,857

FNMA,

30

Year,

5.5%,

6/01/37

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

United

States

107,466

109,741

FNMA,

30

Year,

5.5%,

3/01/54

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

United

States

9,030,718

8,987,308

FNMA,

30

Year,

6%,

4/01/33

-

6/01/38

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

United

States

258,787

268,025

FNMA,

30

Year,

6.5%,

8/01/32

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

United

States

35,969

37,176

r

FNMA,

Single-family,

30

Year,

5.5%,

4/25/54

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

United

States

12,136,000

12,077,657

27,234,514

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

23

a

a

Country

Principal

Amount

*

a

Value

a

a

a

a

a

Mortgage-Backed

Securities

(continued)

Government

National

Mortgage

Association

(GNMA)

Fixed

Rate

4.7%

e

GNMA

I,

Single-family,

30

Year,

6.5%,

6/15/31

-

12/15/33

........

United

States

143,824

$

149,910

e

GNMA

II,

Single-family,

30

Year,

3.5%,

12/20/49

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

United

States

659,326

606,039

r

GNMA

II,

Single-family,

30

Year,

5.5%,

4/15/54

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

United

States

12,770,000

12,760,002

e

GNMA

II,

Single-family,

30

Year,

7%,

1/20/29

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

United

States

5,008

5,120

e

GNMA

II,

Single-family,

30

Year,

8%,

1/20/28

-

10/20/31

........

United

States

29,630

30,842

13,551,913

Total

Mortgage-Backed

Securities

(Cost

$44,963,887)

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

43,690,978

Shares

a

Escrows

and

Litigation

Trusts

0.0%

a,b

Onsite

Rental

Group

Operations

Pty.

Ltd.,

Escrow

Account

......

Australia

522,133

—

Total

Escrows

and

Litigation

Trusts

(Cost

$–)

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

—

Total

Long

Term

Investments

(Cost

$429,708,698)

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

413,045,231

a

Short

Term

Investments

2.7%

a

a

Country

Shares

a

Value

a

a

a

Money

Market

Funds

2.7%

s,t

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.997%

....

United

States

7,897,921‌

7,897,921

Total

Money

Market

Funds

(Cost

$7,897,921)

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

7,897,921

Total

Short

Term

Investments

(Cost

$7,897,921

)

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

7,897,921

a

Total

Investments

(Cost

$437,606,619)

145.7%

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

$420,943,152

Reverse

Repurchase

Agreements

(4.1)%

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

(11,989,657)

Credit

Facility

(33.7)%

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

(97,500,000)

Other

Assets,

less

Liabilities

(7.9)%

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

(22,525,624)

Net

Assets

100.0%

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

$288,927,871

a

a

a

Amount

Borrowed

Payable

Reverse

Repurchase

Agreements

(4.1)%

Counterparty

UBS

AG,

5.95%,

4/10/24

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

$

930,000

$

(942,604)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

793,750

(804,508)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

596,000

(604,077)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

300,115

(304,183)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

320,127

(324,466)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

962,000

(975,038)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

312,446

(316,681)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

1,181,250

(1,197,260)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

952,500

(965,409)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

646,016

(654,771)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

379,332

(384,473)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

396,393

(401,765)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

247,880

(251,239)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

1,004,250

(1,017,860)

Counterparty

UBS

AG,

5.95%,

4/10/24

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

239,205

(242,447)

Counterparty

UBS

AG,

6.14%,

4/10/24

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

1,223,189

(1,240,296)

Counterparty

UBS

AG,

6.14%,

4/10/24

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

1,343,786

(1,362,580)

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

24

See

Abbreviations

on

page

124

.

a

a

a

Amount

Borrowed

a

Payable

Reverse

Repurchase

Agreements

(continued)

Total

Reverse

Repurchase

Agreements

(Proceeds

$11,828,241)

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

$(11,989,657)

*

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

Security

was

purchased

pursuant

to

Rule

144A

or

Regulation

S

under

the

Securities

Act

of

1933.

144A

securities

may

be

sold

in

transactions

exempt

from

registration

only

to

qualified

institutional

buyers

or

in

a

public

offering

registered

under

the

Securities

Act

of

1933.

Regulation

S

securities

cannot

be

sold

in

the

United

States

without

either

an

effective

registration

statement

filed

pursuant

to

the

Securities

Act

of

1933,

or

pursuant

to

an

exemption

from

registration.

At

March

31,

2024,

the

aggregate

value

of

these

securities

was

$168,599,225,

representing

58.4%

of

net

assets.

d

A

portion

or

all

of

the

security

is

designated

as

collateral

for

reverse

repurchase

agreements.

e

A

portion

or

all

of

the

security

is

pledged

as

collateral

in

connection

with

the

Fund’s

revolving

credit

facility.

f

Perpetual

security

with

no

stated

maturity

date.

g

The

coupon

rate

shown

represents

the

rate

at

period

end.

h

Income

may

be

received

in

additional

securities

and/or

cash.

i

Defaulted

security

or

security

for

which

income

has

been

deemed

uncollectible.

j

A

portion

or

all

of

the

security

purchased

on

a

delayed

delivery

basis.

k

See

Note

3

regarding

restricted

securities.

l

The

coupon

rate

shown

represents

the

rate

inclusive

of

any

caps

or

floors,

if

applicable,

in

effect

at

period

end.

m

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.

n

See

Note

4

regarding

unfunded

loan

commitments.

o

See

full

breakdown

of

marketplace

loans

holdings

in

the

table

at

the

end

of

this

schedule.

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

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,

but

instead

pass-through

weighted

average

interest

income

inclusive

of

any

caps

or

floors,

if

applicable,

from

the

underlying

mortgage

loans

in

which

the

majority

of

mortgages

pay

interest

based

on

the

index

shown

at

their

designated

reset

dates

plus

a

spread,

less

the

applicable

servicing

and

guaranty

fee

(MBS

margin).

r

Security

purchased

on

a

to-be-announced

(TBA)

basis.

s

See

Note

5

regarding

investments

in

affiliated

management

investment

companies.

t

The

rate

shown

is

the

annualized

seven-day

effective

yield

at

period

end.

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited),

March

31,

2024

Franklin

Limited

Duration

Income

Trust

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

25

At

March

31,

2024,

the

Fund

had

the

following

marketplace

loans

outstanding.

Description

Principal

Amount

Value

Marketplace

Loans

-

21.0%

Block,

Inc.

6029494.SQ.FTS.B

,

Zero

Cpn

,

4/27/24

...

$

1,298

$

307

6030087.SQ.FTS.B

,

Zero

Cpn

,

4/27/24

...

5,149

1,422

6031754.SQ.FTS.B

,

Zero

Cpn

,

4/27/24

...

5,298

2,432

6032061.SQ.FTS.B

,

Zero

Cpn

,

4/27/24

...

538

75

6032658.SQ.FTS.B

,

Zero

Cpn

,

4/27/24

...

1,544

384

6032706.SQ.FTS.B

,

Zero

Cpn

,

4/27/24

...

414

143

6032730.SQ.FTS.B

,

Zero

Cpn

,

4/27/24

...

389

160

6035626.SQ.FTS.B

,

Zero

Cpn

,

4/28/24

...

7,620

3,026

6036691.SQ.FTS.B

,

Zero

Cpn

,

4/28/24

...

3,718

1,739

6037441.SQ.FTS.B

,

Zero

Cpn

,

4/29/24

...

730

351

6037594.SQ.FTS.B

,

Zero

Cpn

,

4/29/24

...

184

96

6037922.SQ.FTS.B

,

Zero

Cpn

,

4/30/24

...

2,607

1,211

6041346.SQ.FTS.B

,

Zero

Cpn

,

4/30/24

...

1,333

343

6043960.SQ.FTS.B

,

Zero

Cpn

,

5/01/24

...

11,470

3,619

6047068.SQ.FTS.B

,

Zero

Cpn

,

5/02/24

...

270

45

6048225.SQ.FTS.B

,

Zero

Cpn

,

5/02/24

...

8,421

1,265

6054550.SQ.FTS.B

,

Zero

Cpn

,

5/03/24

...

4,497

1,043

6054630.SQ.FTS.B

,

Zero

Cpn

,

5/03/24

...

524

107

6057387.SQ.FTS.B

,

Zero

Cpn

,

5/04/24

...

1,859

454

6058469.SQ.FTS.B

,

Zero

Cpn

,

5/05/24

...

1,557

191

6062778.SQ.FTS.B

,

Zero

Cpn

,

5/07/24

...

308

88

6064293.SQ.FTS.B

,

Zero

Cpn

,

5/08/24

...

691

237

6066411.SQ.FTS.B

,

Zero

Cpn

,

5/08/24

...

1,071

334

6120695.SQ.FTS.B

,

Zero

Cpn

,

5/09/24

...

16,890

876

6124160.SQ.FTS.B

,

Zero

Cpn

,

5/10/24

...

3,491

1,001

6125454.SQ.FTS.B

,

Zero

Cpn

,

5/11/24

...

2,049

647

6126546.SQ.FTS.B

,

Zero

Cpn

,

5/12/24

...

19,042

7,092

6126842.SQ.FTS.B

,

Zero

Cpn

,

5/13/24

...

637

158

6126949.SQ.FTS.B

,

Zero

Cpn

,

5/13/24

...

795

401

6127161.SQ.FTS.B

,

Zero

Cpn

,

5/13/24

...

1,148

433

6131519.SQ.FTS.B

,

Zero

Cpn

,

5/15/24

...

1,418

391

6131558.SQ.FTS.B

,

Zero

Cpn

,

5/15/24

...

8,198

3,354

6133045.SQ.FTS.B

,

Zero

Cpn

,

5/15/24

...

719

217

6133881.SQ.FTS.B

,

Zero

Cpn

,

5/15/24

...

2,762

614

6134336.SQ.FTS.B

,

Zero

Cpn

,

5/15/24

...

1,368

477

6134817.SQ.FTS.B

,

Zero

Cpn

,

5/15/24

...

2,697

240

6135260.SQ.FTS.B

,

Zero

Cpn

,

5/16/24

...

1,443

440

6137211.SQ.FTS.B

,

Zero

Cpn

,

5/16/24

...

1,531

348

6137559.SQ.FTS.B

,

Zero

Cpn

,

5/16/24

...

4,559

1,879

6137705.SQ.FTS.B

,

Zero

Cpn

,

5/16/24

...

304

93

6145832.SQ.FTS.B

,

Zero

Cpn

,

5/18/24

...

4,018

2,031

6146677.SQ.FTS.B

,

Zero

Cpn

,

5/18/24

...

8,942

2,864

6148823.SQ.FTS.B

,

Zero

Cpn

,

5/21/24

...

544

278

6149304.SQ.FTS.B

,

Zero

Cpn

,

5/21/24

...

401

65

6150788.SQ.FTS.B

,

Zero

Cpn

,

5/21/24

...

14,529

6,261

6151394.SQ.FTS.B

,

Zero

Cpn

,

5/21/24

...

5,927

2,205

6153438.SQ.FTS.B

,

Zero

Cpn

,

5/22/24

...

7,548

2,541

6157628.SQ.FTS.B

,

Zero

Cpn

,

5/23/24

...

4,793

1,050

6157908.SQ.FTS.B

,

Zero

Cpn

,

5/23/24

...

3,942

1,139

6159034.SQ.FTS.B

,

Zero

Cpn

,

5/23/24

...

7,919

2,586

6163607.SQ.FTS.B

,

Zero

Cpn

,

5/25/24

...

1,355

217

6164713.SQ.FTS.B

,

Zero

Cpn

,

5/25/24

...

400

61

6165752.SQ.FTS.B

,

Zero

Cpn

,

5/27/24

...

1,058

346

6165844.SQ.FTS.B

,

Zero

Cpn

,

5/27/24

...

267

88

6165865.SQ.FTS.B

,

Zero

Cpn

,

5/27/24

...

1,413

269

6166473.SQ.FTS.B

,

Zero

Cpn

,

5/28/24

...

5,594

2,394

Description

Principal

Amount

Value

Block,

Inc.

(continued)

6169281.SQ.FTS.B

,

Zero

Cpn

,

5/28/24

...

$

625

$

78

6169671.SQ.FTS.B

,

Zero

Cpn

,

5/29/24

...

2,580

685

6172125.SQ.FTS.B

,

Zero

Cpn

,

5/29/24

...

3,361

1,708

6173152.SQ.FTS.B

,

Zero

Cpn

,

5/29/24

...

404

132

6173179.SQ.FTS.B

,

Zero

Cpn

,

5/29/24

...

1,657

592

6173941.SQ.FTS.B

,

Zero

Cpn

,

5/30/24

...

90

82

6174157.SQ.FTS.B

,

Zero

Cpn

,

5/30/24

...

1,917

518

6174804.SQ.FTS.B

,

Zero

Cpn

,

5/30/24

...

906

509

6176070.SQ.FTS.B

,

Zero

Cpn

,

5/30/24

...

677

152

6176080.SQ.FTS.B

,

Zero

Cpn

,

5/30/24

...

805

293

6176406.SQ.FTS.B

,

Zero

Cpn

,

5/30/24

...

11,958

1,765

6179452.SQ.FTS.B

,

Zero

Cpn

,

6/01/24

...

231

150

6180859.SQ.FTS.B

,

Zero

Cpn

,

6/01/24

...

1,176

671

6180900.SQ.FTS.B

,

Zero

Cpn

,

6/01/24

...

2,239

795

6183979.SQ.FTS.B

,

Zero

Cpn

,

6/02/24

...

760

635

6184220.SQ.FTS.B

,

Zero

Cpn

,

6/02/24

...

285

163

6186681.SQ.FTS.B

,

Zero

Cpn

,

6/04/24

...

628

308

6188827.SQ.FTS.B

,

Zero

Cpn

,

6/05/24

...

314

49

6190034.SQ.FTS.B

,

Zero

Cpn

,

6/05/24

...

109

80

6191126.SQ.FTS.B

,

Zero

Cpn

,

6/05/24

...

1,433

462

6193329.SQ.FTS.B

,

Zero

Cpn

,

6/06/24

...

4,552

754

6193576.SQ.FTS.B

,

Zero

Cpn

,

6/06/24

...

2,225

835

6194847.SQ.FTS.B

,

Zero

Cpn

,

6/06/24

...

2,674

1,123

6199807.SQ.FTS.B

,

Zero

Cpn

,

6/07/24

...

2,593

778

6200219.SQ.FTS.B

,

Zero

Cpn

,

6/07/24

...

592

424

6200483.SQ.FTS.B

,

Zero

Cpn

,

6/07/24

...

4,958

1,155

6207163.SQ.FTS.B

,

Zero

Cpn

,

6/09/24

...

297

102

6207794.SQ.FTS.B

,

Zero

Cpn

,

6/09/24

...

1,395

193

6207882.SQ.FTS.B

,

Zero

Cpn

,

6/09/24

...

1,369

391

6207918.SQ.FTS.B

,

Zero

Cpn

,

6/09/24

...

14,807

1,562

6208363.SQ.FTS.B

,

Zero

Cpn

,

6/09/24

...

430

351

6210686.SQ.FTS.B

,

Zero

Cpn

,

6/11/24

...

3,226

599

6210859.SQ.FTS.B

,

Zero

Cpn

,

6/11/24

...

1,017

215

6210921.SQ.FTS.B

,

Zero

Cpn

,

6/11/24

...

173

121

6213041.SQ.FTS.B

,

Zero

Cpn

,

6/12/24

...

271

155

6213085.SQ.FTS.B

,

Zero

Cpn

,

6/12/24

...

215

59

6213956.SQ.FTS.B

,

Zero

Cpn

,

6/12/24

...

3,141

649

6214132.SQ.FTS.B

,

Zero

Cpn

,

6/12/24

...

2,536

1,051

6214585.SQ.FTS.B

,

Zero

Cpn

,

6/12/24

...

2,893

620

6217157.SQ.FTS.B

,

Zero

Cpn

,

6/13/24

...

272

94

6217578.SQ.FTS.B

,

Zero

Cpn

,

6/13/24

...

3,739

1,367

6220890.SQ.FTS.B

,

Zero

Cpn

,

6/14/24

...

11,147

4,031

6223684.SQ.FTS.B

,

Zero

Cpn

,

6/15/24

...

1,679

456

6225158.SQ.FTS.B

,

Zero

Cpn

,

6/15/24

...

7,315

2,968

6226524.SQ.FTS.B

,

Zero

Cpn

,

6/15/24

...

2,241

664

6226697.SQ.FTS.B

,

Zero

Cpn

,

6/15/24

...

6,802

1,898

6228233.SQ.FTS.B

,

Zero

Cpn

,

6/16/24

...

24

20

6228282.SQ.FTS.B

,

Zero

Cpn

,

6/16/24

...

565

454

6229176.SQ.FTS.B

,

Zero

Cpn

,

6/16/24

...

4,816

737

6229351.SQ.FTS.B

,

Zero

Cpn

,

6/16/24

...

1,024

984

6234975.SQ.FTS.B

,

Zero

Cpn

,

6/17/24

...

98

59

6236524.SQ.FTS.B

,

Zero

Cpn

,

6/18/24

...

625

206

6238082.SQ.FTS.B

,

Zero

Cpn

,

6/19/24

...

613

271

6239689.SQ.FTS.B

,

Zero

Cpn

,

6/19/24

...

620

288

6240450.SQ.FTS.B

,

Zero

Cpn

,

6/20/24

...

6,454

3,940

6242053.SQ.FTS.B

,

Zero

Cpn

,

6/20/24

...

3,405

231

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

26

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

6242376.SQ.FTS.B

,

Zero

Cpn

,

6/20/24

...

$

5,760

$

3,294

6245607.SQ.FTS.B

,

Zero

Cpn

,

6/21/24

...

444

195

6252808.SQ.FTS.B

,

Zero

Cpn

,

6/23/24

...

5,809

1,565

6253020.SQ.FTS.B

,

Zero

Cpn

,

6/23/24

...

3,011

1,367

6253221.SQ.FTS.B

,

Zero

Cpn

,

6/23/24

...

28,281

2,913

6253814.SQ.FTS.B

,

Zero

Cpn

,

6/23/24

...

5,207

1,997

6254118.SQ.FTS.B

,

Zero

Cpn

,

6/23/24

...

10,644

6,779

6254832.SQ.FTS.B

,

Zero

Cpn

,

6/23/24

...

2,498

554

6254961.SQ.FTS.B

,

Zero

Cpn

,

6/23/24

...

5,460

1,767

6255052.SQ.FTS.B

,

Zero

Cpn

,

6/24/24

...

1,167

262

6255882.SQ.FTS.B

,

Zero

Cpn

,

6/25/24

...

898

371

6257645.SQ.FTS.B

,

Zero

Cpn

,

6/27/24

...

778

287

6258738.SQ.FTS.B

,

Zero

Cpn

,

6/27/24

...

11,516

3,004

6259203.SQ.FTS.B

,

Zero

Cpn

,

6/27/24

...

445

323

6259245.SQ.FTS.B

,

Zero

Cpn

,

6/27/24

...

616

238

6259346.SQ.FTS.B

,

Zero

Cpn

,

6/27/24

...

3,596

2,462

6260850.SQ.FTS.B

,

Zero

Cpn

,

6/28/24

...

22,682

4,789

6261882.SQ.FTS.B

,

Zero

Cpn

,

6/28/24

...

766

630

6262224.SQ.FTS.B

,

Zero

Cpn

,

6/28/24

...

413

280

6267406.SQ.FTS.B

,

Zero

Cpn

,

6/29/24

...

6,092

542

6268142.SQ.FTS.B

,

Zero

Cpn

,

6/30/24

...

4,489

1,242

6268263.SQ.FTS.B

,

Zero

Cpn

,

6/30/24

...

2,015

519

6268433.SQ.FTS.B

,

Zero

Cpn

,

6/30/24

...

851

464

6269245.SQ.FTS.B

,

Zero

Cpn

,

6/30/24

...

2,722

1,615

6269741.SQ.FTS.B

,

Zero

Cpn

,

6/30/24

...

7,349

2,815

6270137.SQ.FTS.B

,

Zero

Cpn

,

6/30/24

...

5,154

2,410

6271064.SQ.FTS.B

,

Zero

Cpn

,

6/30/24

...

1,555

846

6271110.SQ.FTS.B

,

Zero

Cpn

,

6/30/24

...

791

214

6271247.SQ.FTS.B

,

Zero

Cpn

,

6/30/24

...

353

298

6271589.SQ.FTS.B

,

Zero

Cpn

,

7/01/24

...

3,882

997

6272126.SQ.FTS.B

,

Zero

Cpn

,

7/02/24

...

7,606

5,566

6272614.SQ.FTS.B

,

Zero

Cpn

,

7/02/24

...

248

112

6274032.SQ.FTS.B

,

Zero

Cpn

,

7/03/24

...

2,950

656

6277193.SQ.FTS.B

,

Zero

Cpn

,

7/04/24

...

1,122

120

6282655.SQ.FTS.B

,

Zero

Cpn

,

7/05/24

...

1,878

375

6284271.SQ.FTS.B

,

Zero

Cpn

,

7/06/24

...

3,083

1,500

6284407.SQ.FTS.B

,

Zero

Cpn

,

7/06/24

...

2,243

1,036

6284746.SQ.FTS.B

,

Zero

Cpn

,

7/06/24

...

1,000

286

6285379.SQ.FTS.B

,

Zero

Cpn

,

7/06/24

...

295

97

6285826.SQ.FTS.B

,

Zero

Cpn

,

7/07/24

...

12,968

2,513

6286324.SQ.FTS.B

,

Zero

Cpn

,

7/08/24

...

98

81

6286529.SQ.FTS.B

,

Zero

Cpn

,

7/08/24

...

439

73

6287596.SQ.FTS.B

,

Zero

Cpn

,

7/09/24

...

670

395

6287915.SQ.FTS.B

,

Zero

Cpn

,

7/09/24

...

16,261

3,673

6290558.SQ.FTS.B

,

Zero

Cpn

,

7/10/24

...

1,291

854

6290686.SQ.FTS.B

,

Zero

Cpn

,

7/10/24

...

686

193

6290705.SQ.FTS.B

,

Zero

Cpn

,

7/10/24

...

2,878

1,086

6293924.SQ.FTS.B

,

Zero

Cpn

,

7/11/24

...

1,088

650

6299822.SQ.FTS.B

,

Zero

Cpn

,

7/12/24

...

15,847

8,492

6301313.SQ.FTS.B

,

Zero

Cpn

,

7/13/24

...

1,317

276

6301794.SQ.FTS.B

,

Zero

Cpn

,

7/13/24

...

9,385

4,220

6302451.SQ.FTS.B

,

Zero

Cpn

,

7/13/24

...

48,897

10,025

6303731.SQ.FTS.B

,

Zero

Cpn

,

7/14/24

...

781

147

6305199.SQ.FTS.B

,

Zero

Cpn

,

7/16/24

...

399

128

6305552.SQ.FTS.B

,

Zero

Cpn

,

7/16/24

...

1,580

445

6305711.SQ.FTS.B

,

Zero

Cpn

,

7/16/24

...

3,516

1,133

6307093.SQ.FTS.B

,

Zero

Cpn

,

7/17/24

...

153

97

6307646.SQ.FTS.B

,

Zero

Cpn

,

7/17/24

...

704

317

Description

Principal

Amount

Value

Block,

Inc.

(continued)

6307843.SQ.FTS.B

,

Zero

Cpn

,

7/17/24

...

$

53,032

$

7,679

6308638.SQ.FTS.B

,

Zero

Cpn

,

7/18/24

...

12,615

2,136

6308867.SQ.FTS.B

,

Zero

Cpn

,

7/18/24

...

416

312

6310777.SQ.FTS.B

,

Zero

Cpn

,

7/18/24

...

726

563

6313211.SQ.FTS.B

,

Zero

Cpn

,

7/19/24

...

726

425

6317901.SQ.FTS.B

,

Zero

Cpn

,

7/20/24

...

4,461

2,337

6319473.SQ.FTS.B

,

Zero

Cpn

,

7/21/24

...

675

449

6320015.SQ.FTS.B

,

Zero

Cpn

,

7/21/24

...

2,205

668

6321672.SQ.FTS.B

,

Zero

Cpn

,

7/23/24

...

698

208

6335477.SQ.FTS.B

,

Zero

Cpn

,

7/23/24

...

557

261

6351220.SQ.FTS.B

,

Zero

Cpn

,

7/23/24

...

7,497

1,778

6353747.SQ.FTS.B

,

Zero

Cpn

,

7/24/24

...

44,161

21,861

6362559.SQ.FTS.B

,

Zero

Cpn

,

7/26/24

...

26,180

5,936

6362860.SQ.FTS.B

,

Zero

Cpn

,

7/27/24

...

790

725

6365238.SQ.FTS.B

,

Zero

Cpn

,

7/27/24

...

614

544

6365589.SQ.FTS.B

,

Zero

Cpn

,

7/27/24

...

73

73

6366011.SQ.FTS.B

,

Zero

Cpn

,

7/28/24

...

3,873

3,590

6368537.SQ.FTS.B

,

Zero

Cpn

,

7/30/24

...

276

187

6369651.SQ.FTS.B

,

Zero

Cpn

,

7/30/24

...

2,099

1,047

6369918.SQ.FTS.B

,

Zero

Cpn

,

7/30/24

...

868

322

6371193.SQ.FTS.B

,

Zero

Cpn

,

7/31/24

...

1,676

495

6372459.SQ.FTS.B

,

Zero

Cpn

,

7/31/24

...

2,642

2,308

6373935.SQ.FTS.B

,

Zero

Cpn

,

8/01/24

...

3,431

2,658

6374829.SQ.FTS.B

,

Zero

Cpn

,

8/01/24

...

5,779

2,072

6375258.SQ.FTS.B

,

Zero

Cpn

,

8/01/24

...

3,610

1,313

6375409.SQ.FTS.B

,

Zero

Cpn

,

8/01/24

...

312

285

6375782.SQ.FTS.B

,

Zero

Cpn

,

8/01/24

...

2,897

1,787

6376252.SQ.FTS.B

,

Zero

Cpn

,

8/01/24

...

986

372

6376430.SQ.FTS.B

,

Zero

Cpn

,

8/01/24

...

569

513

6379217.SQ.FTS.B

,

Zero

Cpn

,

8/02/24

...

478

423

6381071.SQ.FTS.B

,

Zero

Cpn

,

8/02/24

...

1,323

950

6381758.SQ.FTS.B

,

Zero

Cpn

,

8/02/24

...

2,586

1,421

6382230.SQ.FTS.B

,

Zero

Cpn

,

8/03/24

...

1,124

480

6382392.SQ.FTS.B

,

Zero

Cpn

,

8/03/24

...

232

210

6385173.SQ.FTS.B

,

Zero

Cpn

,

8/03/24

...

814

755

6385533.SQ.FTS.B

,

Zero

Cpn

,

8/04/24

...

325

287

6386123.SQ.FTS.B

,

Zero

Cpn

,

8/05/24

...

3,613

813

6388839.SQ.FTS.B

,

Zero

Cpn

,

8/06/24

...

1,531

901

6389692.SQ.FTS.B

,

Zero

Cpn

,

8/06/24

...

958

936

6391119.SQ.FTS.B

,

Zero

Cpn

,

8/07/24

...

8,098

3,300

6391376.SQ.FTS.B

,

Zero

Cpn

,

8/07/24

...

1,899

506

6392541.SQ.FTS.B

,

Zero

Cpn

,

8/07/24

...

6,154

4,481

6394978.SQ.FTS.B

,

Zero

Cpn

,

8/08/24

...

3,045

770

6395381.SQ.FTS.B

,

Zero

Cpn

,

8/08/24

...

1,358

974

6399623.SQ.FTS.B

,

Zero

Cpn

,

8/09/24

...

3,629

1,362

6399808.SQ.FTS.B

,

Zero

Cpn

,

8/09/24

...

5,425

1,079

6401578.SQ.FTS.B

,

Zero

Cpn

,

8/10/24

...

2,297

1,788

6404013.SQ.FTS.B

,

Zero

Cpn

,

8/11/24

...

1,738

98

6404470.SQ.FTS.B

,

Zero

Cpn

,

8/11/24

...

11,152

1,849

6404711.SQ.FTS.B

,

Zero

Cpn

,

8/12/24

...

2,111

216

6405225.SQ.FTS.B

,

Zero

Cpn

,

8/12/24

...

4,129

2,432

6407421.SQ.FTS.B

,

Zero

Cpn

,

8/13/24

...

348

314

6407869.SQ.FTS.B

,

Zero

Cpn

,

8/13/24

...

389

341

6408982.SQ.FTS.B

,

Zero

Cpn

,

8/14/24

...

2,687

674

6409817.SQ.FTS.B

,

Zero

Cpn

,

8/14/24

...

21,145

10,622

6412313.SQ.FTS.B

,

Zero

Cpn

,

8/15/24

...

2,377

1,001

6414417.SQ.FTS.B

,

Zero

Cpn

,

8/15/24

...

1,181

457

6417951.SQ.FTS.B

,

Zero

Cpn

,

8/16/24

...

4,849

2,778

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

27

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

6419394.SQ.FTS.B

,

Zero

Cpn

,

8/16/24

...

$

7,326

$

1,877

6421972.SQ.FTS.B

,

Zero

Cpn

,

8/17/24

...

543

495

6423457.SQ.FTS.B

,

Zero

Cpn

,

8/17/24

...

606

93

6425500.SQ.FTS.B

,

Zero

Cpn

,

8/19/24

...

179

176

6426717.SQ.FTS.B

,

Zero

Cpn

,

8/20/24

...

496

473

6427032.SQ.FTS.B

,

Zero

Cpn

,

8/21/24

...

1,472

355

6427051.SQ.FTS.B

,

Zero

Cpn

,

8/21/24

...

7,142

2,403

6427445.SQ.FTS.B

,

Zero

Cpn

,

8/21/24

...

6,571

1,988

6427754.SQ.FTS.B

,

Zero

Cpn

,

8/21/24

...

2,298

908

6429072.SQ.FTS.B

,

Zero

Cpn

,

8/21/24

...

513

326

6431499.SQ.FTS.B

,

Zero

Cpn

,

8/22/24

...

236

158

6433271.SQ.FTS.B

,

Zero

Cpn

,

8/22/24

...

3,084

795

6435246.SQ.FTS.B

,

Zero

Cpn

,

8/23/24

...

773

765

6436620.SQ.FTS.B

,

Zero

Cpn

,

8/23/24

...

2,387

1,538

6436847.SQ.FTS.B

,

Zero

Cpn

,

8/23/24

...

1,869

1,638

6439336.SQ.FTS.B

,

Zero

Cpn

,

8/23/24

...

10,031

1,987

6439919.SQ.FTS.B

,

Zero

Cpn

,

8/23/24

...

4,906

2,057

6440056.SQ.FTS.B

,

Zero

Cpn

,

8/23/24

...

1,531

1,026

6443705.SQ.FTS.B

,

Zero

Cpn

,

8/24/24

...

1,309

111

6443722.SQ.FTS.B

,

Zero

Cpn

,

8/24/24

...

11,723

4,296

6443946.SQ.FTS.B

,

Zero

Cpn

,

8/24/24

...

2,284

490

6447362.SQ.FTS.B

,

Zero

Cpn

,

8/27/24

...

6,840

4,302

6450204.SQ.FTS.B

,

Zero

Cpn

,

8/28/24

...

1,856

1,232

6450586.SQ.FTS.B

,

Zero

Cpn

,

8/28/24

...

4,887

3,005

6451649.SQ.FTS.B

,

Zero

Cpn

,

8/28/24

...

3,344

3,107

6454476.SQ.FTS.B

,

Zero

Cpn

,

9/01/24

...

11,621

5,454

6457335.SQ.FTS.B

,

Zero

Cpn

,

9/02/24

...

337

250

6458308.SQ.FTS.B

,

Zero

Cpn

,

9/02/24

...

599

477

6458371.SQ.FTS.B

,

Zero

Cpn

,

9/02/24

...

1,587

1,294

6459191.SQ.FTS.B

,

Zero

Cpn

,

9/02/24

...

61

56

6460082.SQ.FTS.B

,

Zero

Cpn

,

9/02/24

...

1,801

1,717

6462700.SQ.FTS.B

,

Zero

Cpn

,

9/03/24

...

997

925

6463165.SQ.FTS.B

,

Zero

Cpn

,

9/03/24

...

850

657

6463746.SQ.FTS.B

,

Zero

Cpn

,

9/04/24

...

342

339

6468712.SQ.FTS.B

,

Zero

Cpn

,

9/06/24

...

239

183

6468827.SQ.FTS.B

,

Zero

Cpn

,

9/06/24

...

802

675

6469473.SQ.FTS.B

,

Zero

Cpn

,

9/07/24

...

47

45

6470042.SQ.FTS.B

,

Zero

Cpn

,

9/07/24

...

2,284

1,988

6471145.SQ.FTS.B

,

Zero

Cpn

,

9/07/24

...

2,881

1,625

6472563.SQ.FTS.B

,

Zero

Cpn

,

9/07/24

...

1,124

555

6475632.SQ.FTS.B

,

Zero

Cpn

,

9/08/24

...

8,345

6,601

6480025.SQ.FTS.B

,

Zero

Cpn

,

9/09/24

...

6,855

2,439

6481471.SQ.FTS.B

,

Zero

Cpn

,

9/10/24

...

56,731

9,120

6483524.SQ.FTS.B

,

Zero

Cpn

,

9/10/24

...

39

39

6483811.SQ.FTS.B

,

Zero

Cpn

,

9/10/24

...

7,286

6,951

6484508.SQ.FTS.B

,

Zero

Cpn

,

9/10/24

...

907

294

6484990.SQ.FTS.B

,

Zero

Cpn

,

9/11/24

...

8,174

2,494

6485599.SQ.FTS.B

,

Zero

Cpn

,

9/11/24

...

3,350

1,522

6486754.SQ.FTS.B

,

Zero

Cpn

,

9/13/24

...

9,586

4,922

6488534.SQ.FTS.B

,

Zero

Cpn

,

9/13/24

...

4,069

1,766

6490032.SQ.FTS.B

,

Zero

Cpn

,

9/13/24

...

1,366

388

6493807.SQ.FTS.B

,

Zero

Cpn

,

9/15/24

...

798

404

6493901.SQ.FTS.B

,

Zero

Cpn

,

9/15/24

...

1,911

1,594

6495272.SQ.FTS.B

,

Zero

Cpn

,

9/15/24

...

2,996

1,397

6495825.SQ.FTS.B

,

Zero

Cpn

,

9/15/24

...

8,759

8,533

6496824.SQ.FTS.B

,

Zero

Cpn

,

9/15/24

...

1,146

795

6497045.SQ.FTS.B

,

Zero

Cpn

,

9/15/24

...

1,204

740

6497072.SQ.FTS.B

,

Zero

Cpn

,

9/15/24

...

14,810

7,017

Description

Principal

Amount

Value

Block,

Inc.

(continued)

6499066.SQ.FTS.B

,

Zero

Cpn

,

9/16/24

...

$

3,067

$

1,082

6499390.SQ.FTS.B

,

Zero

Cpn

,

9/16/24

...

2,139

783

6499466.SQ.FTS.B

,

Zero

Cpn

,

9/16/24

...

2,476

1,108

6501304.SQ.FTS.B

,

Zero

Cpn

,

9/16/24

...

6,297

3,081

6501466.SQ.FTS.B

,

Zero

Cpn

,

9/16/24

...

1,401

1,171

6502619.SQ.FTS.B

,

Zero

Cpn

,

9/17/24

...

310

296

6504146.SQ.FTS.B

,

Zero

Cpn

,

9/17/24

...

1,027

522

6504331.SQ.FTS.B

,

Zero

Cpn

,

9/17/24

...

16,006

5,729

6505651.SQ.FTS.B

,

Zero

Cpn

,

9/17/24

...

14,222

5,756

6506335.SQ.FTS.B

,

Zero

Cpn

,

9/18/24

...

5,432

4,430

6509842.SQ.FTS.B

,

Zero

Cpn

,

9/20/24

...

5,661

678

6509983.SQ.FTS.B

,

Zero

Cpn

,

9/20/24

...

2,247

2,012

6510199.SQ.FTS.B

,

Zero

Cpn

,

9/20/24

...

7,838

2,609

6510764.SQ.FTS.B

,

Zero

Cpn

,

9/21/24

...

2,082

1,847

6512555.SQ.FTS.B

,

Zero

Cpn

,

9/21/24

...

22,071

14,293

6513671.SQ.FTS.B

,

Zero

Cpn

,

9/21/24

...

3,084

2,215

6514993.SQ.FTS.B

,

Zero

Cpn

,

9/22/24

...

11,666

4,378

6515316.SQ.FTS.B

,

Zero

Cpn

,

9/22/24

...

445

417

6516245.SQ.FTS.B

,

Zero

Cpn

,

9/22/24

...

854

686

6519159.SQ.FTS.B

,

Zero

Cpn

,

9/23/24

...

107

102

6519784.SQ.FTS.B

,

Zero

Cpn

,

9/23/24

...

16

16

6522679.SQ.FTS.B

,

Zero

Cpn

,

9/24/24

...

5,094

4,878

6526395.SQ.FTS.B

,

Zero

Cpn

,

9/26/24

...

881

617

6526438.SQ.FTS.B

,

Zero

Cpn

,

9/26/24

...

2,043

489

6527233.SQ.FTS.B

,

Zero

Cpn

,

9/27/24

...

396

211

6527937.SQ.FTS.B

,

Zero

Cpn

,

9/27/24

...

749

604

6528470.SQ.FTS.B

,

Zero

Cpn

,

9/27/24

...

6,286

3,639

6529069.SQ.FTS.B

,

Zero

Cpn

,

9/27/24

...

5,382

776

6529479.SQ.FTS.B

,

Zero

Cpn

,

9/27/24

...

13,417

6,019

6531610.SQ.FTS.B

,

Zero

Cpn

,

9/28/24

...

5,700

5,078

6532833.SQ.FTS.B

,

Zero

Cpn

,

9/28/24

...

3,947

3,447

6533471.SQ.FTS.B

,

Zero

Cpn

,

9/28/24

...

5,455

1,290

6537793.SQ.FTS.B

,

Zero

Cpn

,

9/29/24

...

3,598

1,763

6537833.SQ.FTS.B

,

Zero

Cpn

,

9/29/24

...

4,274

1,880

6539774.SQ.FTS.B

,

Zero

Cpn

,

9/30/24

...

8,086

2,704

6540744.SQ.FTS.B

,

Zero

Cpn

,

9/30/24

...

107

106

6543660.SQ.FTS.B

,

Zero

Cpn

,

9/30/24

...

446

418

6543823.SQ.FTS.B

,

Zero

Cpn

,

9/30/24

...

2,165

1,898

6545017.SQ.FTS.B

,

Zero

Cpn

,

9/30/24

...

5,479

1,491

6545555.SQ.FTS.B

,

Zero

Cpn

,

9/30/24

...

13,123

12,332

6546339.SQ.FTS.B

,

Zero

Cpn

,

9/30/24

...

3,311

2,854

6547200.SQ.FTS.B

,

Zero

Cpn

,

10/01/24

..

403

401

6547912.SQ.FTS.B

,

Zero

Cpn

,

10/02/24

..

4,113

1,377

6550386.SQ.FTS.B

,

Zero

Cpn

,

10/03/24

..

8,002

5,560

6550936.SQ.FTS.B

,

Zero

Cpn

,

10/03/24

..

844

772

6551062.SQ.FTS.B

,

Zero

Cpn

,

10/03/24

..

80

78

6551100.SQ.FTS.B

,

Zero

Cpn

,

10/03/24

..

1,892

1,777

6551310.SQ.FTS.B

,

Zero

Cpn

,

10/03/24

..

1,637

316

6551325.SQ.FTS.B

,

Zero

Cpn

,

10/03/24

..

1,692

794

6551364.SQ.FTS.B

,

Zero

Cpn

,

10/03/24

..

3,372

1,748

6551899.SQ.FTS.B

,

Zero

Cpn

,

10/04/24

..

5,681

2,860

6552179.SQ.FTS.B

,

Zero

Cpn

,

10/04/24

..

1,236

553

6552833.SQ.FTS.B

,

Zero

Cpn

,

10/04/24

..

1,922

360

6553988.SQ.FTS.B

,

Zero

Cpn

,

10/04/24

..

505

459

6554254.SQ.FTS.B

,

Zero

Cpn

,

10/04/24

..

505

469

6557212.SQ.FTS.B

,

Zero

Cpn

,

10/05/24

..

1,087

711

6557673.SQ.FTS.B

,

Zero

Cpn

,

10/05/24

..

10,664

4,439

6560669.SQ.FTS.B

,

Zero

Cpn

,

10/06/24

..

1,425

785

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

28

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

6561570.SQ.FTS.B

,

Zero

Cpn

,

10/06/24

..

$

450

$

367

6562135.SQ.FTS.B

,

Zero

Cpn

,

10/06/24

..

644

231

6563378.SQ.FTS.B

,

Zero

Cpn

,

10/07/24

..

252

241

6563811.SQ.FTS.B

,

Zero

Cpn

,

10/07/24

..

3,432

1,796

6564200.SQ.FTS.B

,

Zero

Cpn

,

10/07/24

..

3,605

2,112

6565297.SQ.FTS.B

,

Zero

Cpn

,

10/07/24

..

2,392

1,135

6566308.SQ.FTS.B

,

Zero

Cpn

,

10/08/24

..

588

482

6566320.SQ.FTS.B

,

Zero

Cpn

,

10/08/24

..

521

466

6566839.SQ.FTS.B

,

Zero

Cpn

,

10/08/24

..

5,866

5,699

6567613.SQ.FTS.B

,

Zero

Cpn

,

10/10/24

..

18,636

9,909

6568498.SQ.FTS.B

,

Zero

Cpn

,

10/10/24

..

9,984

5,177

6568787.SQ.FTS.B

,

Zero

Cpn

,

10/10/24

..

2,493

1,323

6569379.SQ.FTS.B

,

Zero

Cpn

,

10/10/24

..

6,083

1,744

6569436.SQ.FTS.B

,

Zero

Cpn

,

10/10/24

..

1,631

1,541

6570606.SQ.FTS.B

,

Zero

Cpn

,

10/10/24

..

1,299

675

6570635.SQ.FTS.B

,

Zero

Cpn

,

10/10/24

..

347

311

6570850.SQ.FTS.B

,

Zero

Cpn

,

10/10/24

..

2,987

2,514

6573435.SQ.FTS.B

,

Zero

Cpn

,

10/11/24

..

434

391

6574100.SQ.FTS.B

,

Zero

Cpn

,

10/11/24

..

358

296

6574600.SQ.FTS.B

,

Zero

Cpn

,

10/12/24

..

649

399

6575505.SQ.FTS.B

,

Zero

Cpn

,

10/12/24

..

1,595

826

6575554.SQ.FTS.B

,

Zero

Cpn

,

10/12/24

..

284

265

6575921.SQ.FTS.B

,

Zero

Cpn

,

10/12/24

..

2,531

820

6576801.SQ.FTS.B

,

Zero

Cpn

,

10/12/24

..

1,416

1,394

6576942.SQ.FTS.B

,

Zero

Cpn

,

10/12/24

..

2,036

660

6577417.SQ.FTS.B

,

Zero

Cpn

,

10/12/24

..

655

455

6577454.SQ.FTS.B

,

Zero

Cpn

,

10/12/24

..

606

597

6580139.SQ.FTS.B

,

Zero

Cpn

,

10/13/24

..

209

203

6580189.SQ.FTS.B

,

Zero

Cpn

,

10/13/24

..

1,076

1,024

6580994.SQ.FTS.B

,

Zero

Cpn

,

10/13/24

..

312

306

6581139.SQ.FTS.B

,

Zero

Cpn

,

10/13/24

..

261

258

6581602.SQ.FTS.B

,

Zero

Cpn

,

10/13/24

..

209

166

6582973.SQ.FTS.B

,

Zero

Cpn

,

10/13/24

..

2,345

1,829

6583130.SQ.FTS.B

,

Zero

Cpn

,

10/13/24

..

4,504

1,731

6583381.SQ.FTS.B

,

Zero

Cpn

,

10/13/24

..

1,860

834

6584064.SQ.FTS.B

,

Zero

Cpn

,

10/14/24

..

3,694

1,369

6584507.SQ.FTS.B

,

Zero

Cpn

,

10/14/24

..

2,182

1,031

6584703.SQ.FTS.B

,

Zero

Cpn

,

10/14/24

..

1,993

1,916

6585055.SQ.FTS.B

,

Zero

Cpn

,

10/14/24

..

165

163

6586628.SQ.FTS.B

,

Zero

Cpn

,

10/15/24

..

774

646

6586986.SQ.FTS.B

,

Zero

Cpn

,

10/15/24

..

5,015

4,873

6588233.SQ.FTS.B

,

Zero

Cpn

,

10/17/24

..

416

378

6588814.SQ.FTS.B

,

Zero

Cpn

,

10/17/24

..

6,738

6,246

6589928.SQ.FTS.B

,

Zero

Cpn

,

10/17/24

..

104

101

6590283.SQ.FTS.B

,

Zero

Cpn

,

10/17/24

..

2,118

1,999

6591557.SQ.FTS.B

,

Zero

Cpn

,

10/18/24

..

22,190

9,911

6592520.SQ.FTS.B

,

Zero

Cpn

,

10/18/24

..

763

710

6592677.SQ.FTS.B

,

Zero

Cpn

,

10/18/24

..

762

716

6592955.SQ.FTS.B

,

Zero

Cpn

,

10/18/24

..

94

92

6594576.SQ.FTS.B

,

Zero

Cpn

,

10/19/24

..

21,766

17,768

6596708.SQ.FTS.B

,

Zero

Cpn

,

10/19/24

..

8,676

7,812

6600942.SQ.FTS.B

,

Zero

Cpn

,

10/20/24

..

8,912

4,204

6601952.SQ.FTS.B

,

Zero

Cpn

,

10/21/24

..

810

805

6602708.SQ.FTS.B

,

Zero

Cpn

,

10/21/24

..

20,691

9,727

6603320.SQ.FTS.B

,

Zero

Cpn

,

10/21/24

..

2,923

1,542

6603872.SQ.FTS.B

,

Zero

Cpn

,

10/21/24

..

278

261

6604390.SQ.FTS.B

,

Zero

Cpn

,

10/22/24

..

7,075

3,898

6604551.SQ.FTS.B

,

Zero

Cpn

,

10/22/24

..

512

488

Description

Principal

Amount

Value

Block,

Inc.

(continued)

6604668.SQ.FTS.B

,

Zero

Cpn

,

10/22/24

..

$

452

$

450

6606355.SQ.FTS.B

,

Zero

Cpn

,

10/24/24

..

3,197

2,382

6606708.SQ.FTS.B

,

Zero

Cpn

,

10/24/24

..

3,017

1,416

6606972.SQ.FTS.B

,

Zero

Cpn

,

10/24/24

..

2,678

1,714

6607699.SQ.FTS.B

,

Zero

Cpn

,

10/24/24

..

10,608

10,045

6608433.SQ.FTS.B

,

Zero

Cpn

,

10/24/24

..

7,450

4,930

6608761.SQ.FTS.B

,

Zero

Cpn

,

10/25/24

..

529

220

6608821.SQ.FTS.B

,

Zero

Cpn

,

10/25/24

..

1,479

1,265

6608920.SQ.FTS.B

,

Zero

Cpn

,

10/25/24

..

7,054

3,992

6609798.SQ.FTS.B

,

Zero

Cpn

,

10/25/24

..

1,699

1,501

6610365.SQ.FTS.B

,

Zero

Cpn

,

10/25/24

..

1,491

1,243

6610472.SQ.FTS.B

,

Zero

Cpn

,

10/25/24

..

585

500

6610546.SQ.FTS.B

,

Zero

Cpn

,

10/25/24

..

2,651

570

6610691.SQ.FTS.B

,

Zero

Cpn

,

10/25/24

..

1,555

567

6610859.SQ.FTS.B

,

Zero

Cpn

,

10/25/24

..

2,511

1,072

6611834.SQ.FTS.B

,

Zero

Cpn

,

10/26/24

..

6,514

2,077

6613242.SQ.FTS.B

,

Zero

Cpn

,

10/26/24

..

697

629

6613302.SQ.FTS.B

,

Zero

Cpn

,

10/26/24

..

8,974

7,643

6616878.SQ.FTS.B

,

Zero

Cpn

,

10/27/24

..

3,904

1,213

6617214.SQ.FTS.B

,

Zero

Cpn

,

10/27/24

..

1,283

1,241

6620492.SQ.FTS.B

,

Zero

Cpn

,

10/28/24

..

2,330

1,782

6620628.SQ.FTS.B

,

Zero

Cpn

,

10/28/24

..

577

527

6621177.SQ.FTS.B

,

Zero

Cpn

,

10/28/24

..

428

259

6621277.SQ.FTS.B

,

Zero

Cpn

,

10/28/24

..

645

206

6622782.SQ.FTS.B

,

Zero

Cpn

,

10/28/24

..

1,039

999

6622989.SQ.FTS.B

,

Zero

Cpn

,

10/28/24

..

9,549

5,545

6623576.SQ.FTS.B

,

Zero

Cpn

,

10/28/24

..

1,854

1,595

6623816.SQ.FTS.B

,

Zero

Cpn

,

10/28/24

..

27

27

6624096.SQ.FTS.B

,

Zero

Cpn

,

10/28/24

..

2,105

1,965

6624216.SQ.FTS.B

,

Zero

Cpn

,

10/29/24

..

1,043

1,028

6626954.SQ.FTS.B

,

Zero

Cpn

,

11/01/24

..

631

606

6626988.SQ.FTS.B

,

Zero

Cpn

,

11/01/24

..

1,021

342

6627023.SQ.FTS.B

,

Zero

Cpn

,

11/01/24

..

9,110

2,866

6628093.SQ.FTS.B

,

Zero

Cpn

,

11/01/24

..

4,432

3,604

6628287.SQ.FTS.B

,

Zero

Cpn

,

11/01/24

..

436

220

6628291.SQ.FTS.B

,

Zero

Cpn

,

11/01/24

..

171

167

6628683.SQ.FTS.B

,

Zero

Cpn

,

11/01/24

..

50

47

6628857.SQ.FTS.B

,

Zero

Cpn

,

11/01/24

..

1,611

1,403

6629563.SQ.FTS.B

,

Zero

Cpn

,

11/01/24

..

867

398

6629803.SQ.FTS.B

,

Zero

Cpn

,

11/02/24

..

7,651

6,936

6632193.SQ.FTS.B

,

Zero

Cpn

,

11/02/24

..

270

255

6632935.SQ.FTS.B

,

Zero

Cpn

,

11/02/24

..

1,675

625

6633840.SQ.FTS.B

,

Zero

Cpn

,

11/03/24

..

1,193

1,164

6635855.SQ.FTS.B

,

Zero

Cpn

,

11/03/24

..

5,952

5,808

6637931.SQ.FTS.B

,

Zero

Cpn

,

11/04/24

..

1,985

1,895

6638387.SQ.FTS.B

,

Zero

Cpn

,

11/04/24

..

9,002

3,666

6640951.SQ.FTS.B

,

Zero

Cpn

,

11/04/24

..

4,252

3,551

6641506.SQ.FTS.B

,

Zero

Cpn

,

11/05/24

..

1,076

952

6642443.SQ.FTS.B

,

Zero

Cpn

,

11/05/24

..

1,132

462

6642494.SQ.FTS.B

,

Zero

Cpn

,

11/05/24

..

2,440

1,437

6642786.SQ.FTS.B

,

Zero

Cpn

,

11/05/24

..

3,931

1,322

6642924.SQ.FTS.B

,

Zero

Cpn

,

11/05/24

..

918

93

6642953.SQ.FTS.B

,

Zero

Cpn

,

11/05/24

..

2,383

1,878

6643070.SQ.FTS.B

,

Zero

Cpn

,

11/05/24

..

1,289

1,185

6643269.SQ.FTS.B

,

Zero

Cpn

,

11/05/24

..

19,573

15,789

6644424.SQ.FTS.B

,

Zero

Cpn

,

11/05/24

..

23,284

16,204

6645686.SQ.FTS.B

,

Zero

Cpn

,

11/07/24

..

138

128

6647219.SQ.FTS.B

,

Zero

Cpn

,

11/08/24

..

3,009

2,725

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

29

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

6647503.SQ.FTS.B

,

Zero

Cpn

,

11/08/24

..

$

326

$

244

6647681.SQ.FTS.B

,

Zero

Cpn

,

11/08/24

..

941

883

6649650.SQ.FTS.B

,

Zero

Cpn

,

11/09/24

..

8,794

7,752

6650783.SQ.FTS.B

,

Zero

Cpn

,

11/09/24

..

2,780

2,418

6651043.SQ.FTS.B

,

Zero

Cpn

,

11/09/24

..

1,367

1,322

6652684.SQ.FTS.B

,

Zero

Cpn

,

11/09/24

..

609

596

6655017.SQ.FTS.B

,

Zero

Cpn

,

11/10/24

..

4,249

3,595

6655765.SQ.FTS.B

,

Zero

Cpn

,

11/10/24

..

22,394

4,984

6659902.SQ.FTS.B

,

Zero

Cpn

,

11/11/24

..

5,028

1,395

6660038.SQ.FTS.B

,

Zero

Cpn

,

11/11/24

..

4,348

2,607

6660224.SQ.FTS.B

,

Zero

Cpn

,

11/11/24

..

356

195

6662402.SQ.FTS.B

,

Zero

Cpn

,

11/12/24

..

16,704

8,189

6662851.SQ.FTS.B

,

Zero

Cpn

,

11/12/24

..

807

445

6663839.SQ.FTS.B

,

Zero

Cpn

,

11/12/24

..

816

228

6664058.SQ.FTS.B

,

Zero

Cpn

,

11/12/24

..

1,007

961

6664234.SQ.FTS.B

,

Zero

Cpn

,

11/12/24

..

1,268

1,252

6665298.SQ.FTS.B

,

Zero

Cpn

,

11/13/24

..

2,038

1,660

6665806.SQ.FTS.B

,

Zero

Cpn

,

11/14/24

..

4,240

4,112

6666383.SQ.FTS.B

,

Zero

Cpn

,

11/15/24

..

727

687

6666620.SQ.FTS.B

,

Zero

Cpn

,

11/15/24

..

2,094

2,027

6666966.SQ.FTS.B

,

Zero

Cpn

,

11/15/24

..

925

906

6667210.SQ.FTS.B

,

Zero

Cpn

,

11/15/24

..

331

313

6667444.SQ.FTS.B

,

Zero

Cpn

,

11/15/24

..

14,341

6,041

6667839.SQ.FTS.B

,

Zero

Cpn

,

11/15/24

..

3,622

2,677

6668063.SQ.FTS.B

,

Zero

Cpn

,

11/15/24

..

2,155

1,051

6668973.SQ.FTS.B

,

Zero

Cpn

,

11/15/24

..

318

316

6669319.SQ.FTS.B

,

Zero

Cpn

,

11/15/24

..

5,727

2,642

6669601.SQ.FTS.B

,

Zero

Cpn

,

11/15/24

..

1,773

969

6669990.SQ.FTS.B

,

Zero

Cpn

,

11/15/24

..

2,054

532

6672685.SQ.FTS.B

,

Zero

Cpn

,

11/16/24

..

9,629

2,012

6672873.SQ.FTS.B

,

Zero

Cpn

,

11/16/24

..

2,109

1,498

6673193.SQ.FTS.B

,

Zero

Cpn

,

11/16/24

..

2,872

2,640

6673620.SQ.FTS.B

,

Zero

Cpn

,

11/17/24

..

376

343

6675519.SQ.FTS.B

,

Zero

Cpn

,

11/17/24

..

4,113

3,541

6675866.SQ.FTS.B

,

Zero

Cpn

,

11/17/24

..

2,157

1,946

6678248.SQ.FTS.B

,

Zero

Cpn

,

11/18/24

..

620

608

6681160.SQ.FTS.B

,

Zero

Cpn

,

11/18/24

..

11,154

7,052

6681453.SQ.FTS.B

,

Zero

Cpn

,

11/18/24

..

3,869

2,804

6681576.SQ.FTS.B

,

Zero

Cpn

,

11/18/24

..

2,334

1,550

6681713.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

4,188

783

6681892.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

3,283

3,083

6682514.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

1,754

1,575

6682726.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

1,013

952

6682799.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

1,822

1,771

6683291.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

5,614

3,466

6683903.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

1,993

654

6684258.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

5,085

1,970

6684432.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

6,574

6,191

6684729.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

969

804

6684752.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

3,343

2,240

6684883.SQ.FTS.B

,

Zero

Cpn

,

11/19/24

..

937

931

6685159.SQ.FTS.B

,

Zero

Cpn

,

11/20/24

..

6,790

5,937

6685416.SQ.FTS.B

,

Zero

Cpn

,

11/20/24

..

182

173

6685588.SQ.FTS.B

,

Zero

Cpn

,

11/20/24

..

3,398

3,029

6685843.SQ.FTS.B

,

Zero

Cpn

,

11/21/24

..

1,039

855

6685974.SQ.FTS.B

,

Zero

Cpn

,

11/21/24

..

164

143

6687098.SQ.FTS.B

,

Zero

Cpn

,

11/22/24

..

261

259

6687486.SQ.FTS.B

,

Zero

Cpn

,

11/22/24

..

1,208

993

Description

Principal

Amount

Value

Block,

Inc.

(continued)

6689300.SQ.FTS.B

,

Zero

Cpn

,

11/22/24

..

$

6,900

$

6,163

6689606.SQ.FTS.B

,

Zero

Cpn

,

11/22/24

..

5,513

5,474

6689861.SQ.FTS.B

,

Zero

Cpn

,

11/23/24

..

2,384

2,112

6690377.SQ.FTS.B

,

Zero

Cpn

,

11/23/24

..

61

57

6691088.SQ.FTS.B

,

Zero

Cpn

,

11/23/24

..

714

582

6691958.SQ.FTS.B

,

Zero

Cpn

,

11/23/24

..

109

96

6693537.SQ.FTS.B

,

Zero

Cpn

,

11/24/24

..

6,953

6,150

6694528.SQ.FTS.B

,

Zero

Cpn

,

11/24/24

..

2,504

2,414

6694760.SQ.FTS.B

,

Zero

Cpn

,

11/24/24

..

905

889

6694918.SQ.FTS.B

,

Zero

Cpn

,

11/24/24

..

13,769

5,655

6701151.SQ.FTS.B

,

Zero

Cpn

,

11/25/24

..

1,937

1,899

6701552.SQ.FTS.B

,

Zero

Cpn

,

11/25/24

..

1,144

1,082

6701879.SQ.FTS.B

,

Zero

Cpn

,

11/25/24

..

848

350

6702173.SQ.FTS.B

,

Zero

Cpn

,

11/25/24

..

13,778

12,823

6703045.SQ.FTS.B

,

Zero

Cpn

,

11/25/24

..

1,935

1,435

6705993.SQ.FTS.B

,

Zero

Cpn

,

11/26/24

..

3,907

927

6706951.SQ.FTS.B

,

Zero

Cpn

,

11/26/24

..

1,336

916

6706998.SQ.FTS.B

,

Zero

Cpn

,

11/26/24

..

4,568

1,279

6708167.SQ.FTS.B

,

Zero

Cpn

,

11/28/24

..

1,517

1,480

6708252.SQ.FTS.B

,

Zero

Cpn

,

11/28/24

..

1,521

1,454

6708335.SQ.FTS.B

,

Zero

Cpn

,

11/28/24

..

581

490

6708353.SQ.FTS.B

,

Zero

Cpn

,

11/28/24

..

644

559

6708592.SQ.FTS.B

,

Zero

Cpn

,

11/28/24

..

2,517

2,273

6708765.SQ.FTS.B

,

Zero

Cpn

,

11/29/24

..

18,180

10,668

6709139.SQ.FTS.B

,

Zero

Cpn

,

11/29/24

..

2,836

1,262

6709178.SQ.FTS.B

,

Zero

Cpn

,

11/29/24

..

1,087

821

6709254.SQ.FTS.B

,

Zero

Cpn

,

11/29/24

..

3,232

2,939

6709428.SQ.FTS.B

,

Zero

Cpn

,

11/29/24

..

7,989

4,698

6713041.SQ.FTS.B

,

Zero

Cpn

,

11/30/24

..

1,739

625

6715927.SQ.FTS.B

,

Zero

Cpn

,

11/30/24

..

5,176

4,796

6716386.SQ.FTS.B

,

Zero

Cpn

,

11/30/24

..

14,513

9,178

6717878.SQ.FTS.B

,

Zero

Cpn

,

12/01/24

..

4,043

3,874

6718145.SQ.FTS.B

,

Zero

Cpn

,

12/01/24

..

937

796

6718221.SQ.FTS.B

,

Zero

Cpn

,

12/01/24

..

277

268

6718331.SQ.FTS.B

,

Zero

Cpn

,

12/01/24

..

3,282

2,528

6718564.SQ.FTS.B

,

Zero

Cpn

,

12/01/24

..

3,279

1,194

6718949.SQ.FTS.B

,

Zero

Cpn

,

12/01/24

..

6,841

4,783

6721560.SQ.FTS.B

,

Zero

Cpn

,

12/01/24

..

484

422

6723114.SQ.FTS.B

,

Zero

Cpn

,

12/02/24

..

1,226

1,218

6723654.SQ.FTS.B

,

Zero

Cpn

,

12/02/24

..

2,859

1,652

6724412.SQ.FTS.B

,

Zero

Cpn

,

12/02/24

..

720

696

6724523.SQ.FTS.B

,

Zero

Cpn

,

12/02/24

..

13,494

12,407

6725475.SQ.FTS.B

,

Zero

Cpn

,

12/02/24

..

1,731

1,646

6725598.SQ.FTS.B

,

Zero

Cpn

,

12/03/24

..

7,381

7,252

6726195.SQ.FTS.B

,

Zero

Cpn

,

12/04/24

..

1,367

510

6726273.SQ.FTS.B

,

Zero

Cpn

,

12/04/24

..

8,827

8,454

6727203.SQ.FTS.B

,

Zero

Cpn

,

12/05/24

..

1,294

1,163

6727976.SQ.FTS.B

,

Zero

Cpn

,

12/05/24

..

1,011

953

6728878.SQ.FTS.B

,

Zero

Cpn

,

12/05/24

..

1,206

848

6729382.SQ.FTS.B

,

Zero

Cpn

,

12/05/24

..

1,351

1,328

6730247.SQ.FTS.B

,

Zero

Cpn

,

12/06/24

..

842

797

6730706.SQ.FTS.B

,

Zero

Cpn

,

12/06/24

..

457

351

6731212.SQ.FTS.B

,

Zero

Cpn

,

12/06/24

..

2,665

2,639

6731584.SQ.FTS.B

,

Zero

Cpn

,

12/06/24

..

6,947

6,133

6732279.SQ.FTS.B

,

Zero

Cpn

,

12/06/24

..

3,790

3,447

6733916.SQ.FTS.B

,

Zero

Cpn

,

12/07/24

..

533

499

6733962.SQ.FTS.B

,

Zero

Cpn

,

12/07/24

..

1,285

1,158

6734360.SQ.FTS.B

,

Zero

Cpn

,

12/07/24

..

3,091

1,847

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

30

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

6735675.SQ.FTS.B

,

Zero

Cpn

,

12/07/24

..

$

561

$

504

6735929.SQ.FTS.B

,

Zero

Cpn

,

12/07/24

..

10,552

2,657

6736151.SQ.FTS.B

,

Zero

Cpn

,

12/07/24

..

1,323

1,098

6741238.SQ.FTS.B

,

Zero

Cpn

,

12/08/24

..

1,064

892

6741295.SQ.FTS.B

,

Zero

Cpn

,

12/08/24

..

3,294

3,071

6741768.SQ.FTS.B

,

Zero

Cpn

,

12/08/24

..

1,097

740

6741879.SQ.FTS.B

,

Zero

Cpn

,

12/08/24

..

1,287

621

6743270.SQ.FTS.B

,

Zero

Cpn

,

12/09/24

..

1,073

928

6743380.SQ.FTS.B

,

Zero

Cpn

,

12/09/24

..

4,811

4,606

6746144.SQ.FTS.B

,

Zero

Cpn

,

12/09/24

..

2,929

2,536

6746276.SQ.FTS.B

,

Zero

Cpn

,

12/09/24

..

67

67

6746846.SQ.FTS.B

,

Zero

Cpn

,

12/10/24

..

260

225

6747289.SQ.FTS.B

,

Zero

Cpn

,

12/10/24

..

4,780

3,477

6747476.SQ.FTS.B

,

Zero

Cpn

,

12/11/24

..

247

245

6747633.SQ.FTS.B

,

Zero

Cpn

,

12/11/24

..

1,032

755

6748347.SQ.FTS.B

,

Zero

Cpn

,

12/12/24

..

302

254

6748412.SQ.FTS.B

,

Zero

Cpn

,

12/12/24

..

3,310

2,486

6748923.SQ.FTS.B

,

Zero

Cpn

,

12/12/24

..

3,971

3,422

6749151.SQ.FTS.B

,

Zero

Cpn

,

12/12/24

..

2,209

2,051

6749419.SQ.FTS.B

,

Zero

Cpn

,

12/12/24

..

276

262

6749489.SQ.FTS.B

,

Zero

Cpn

,

12/12/24

..

2,229

2,163

6749790.SQ.FTS.B

,

Zero

Cpn

,

12/12/24

..

3,731

3,665

6751154.SQ.FTS.B

,

Zero

Cpn

,

12/12/24

..

13,419

13,205

6751963.SQ.FTS.B

,

Zero

Cpn

,

12/13/24

..

823

816

6752465.SQ.FTS.B

,

Zero

Cpn

,

12/13/24

..

1,230

1,185

6753157.SQ.FTS.B

,

Zero

Cpn

,

12/13/24

..

781

433

6753232.SQ.FTS.B

,

Zero

Cpn

,

12/13/24

..

986

969

6753345.SQ.FTS.B

,

Zero

Cpn

,

12/13/24

..

473

430

6754631.SQ.FTS.B

,

Zero

Cpn

,

12/13/24

..

144

140

6755154.SQ.FTS.B

,

Zero

Cpn

,

12/13/24

..

5,973

4,444

6755529.SQ.FTS.B

,

Zero

Cpn

,

12/14/24

..

2,872

2,110

6755599.SQ.FTS.B

,

Zero

Cpn

,

12/14/24

..

3,652

1,698

6755745.SQ.FTS.B

,

Zero

Cpn

,

12/14/24

..

2,349

1,052

6755867.SQ.FTS.B

,

Zero

Cpn

,

12/14/24

..

2,356

2,191

6756754.SQ.FTS.B

,

Zero

Cpn

,

12/14/24

..

37,578

31,029

6763133.SQ.FTS.B

,

Zero

Cpn

,

12/15/24

..

328

322

6765372.SQ.FTS.B

,

Zero

Cpn

,

12/15/24

..

802

689

6765455.SQ.FTS.B

,

Zero

Cpn

,

12/15/24

..

1,499

1,032

6765978.SQ.FTS.B

,

Zero

Cpn

,

12/16/24

..

3,559

1,448

6767297.SQ.FTS.B

,

Zero

Cpn

,

12/16/24

..

1,310

980

6767513.SQ.FTS.B

,

Zero

Cpn

,

12/16/24

..

4,658

2,986

6767719.SQ.FTS.B

,

Zero

Cpn

,

12/16/24

..

141

140

6767913.SQ.FTS.B

,

Zero

Cpn

,

12/16/24

..

11

11

6768092.SQ.FTS.B

,

Zero

Cpn

,

12/16/24

..

2,334

2,197

6768974.SQ.FTS.B

,

Zero

Cpn

,

12/17/24

..

7,696

6,223

6769287.SQ.FTS.B

,

Zero

Cpn

,

12/17/24

..

1,669

1,622

6769419.SQ.FTS.B

,

Zero

Cpn

,

12/17/24

..

1,233

1,089

6769628.SQ.FTS.B

,

Zero

Cpn

,

12/18/24

..

2,273

2,248

6769902.SQ.FTS.B

,

Zero

Cpn

,

12/18/24

..

4,431

3,830

6770294.SQ.FTS.B

,

Zero

Cpn

,

12/19/24

..

1,307

268

6770314.SQ.FTS.B

,

Zero

Cpn

,

12/19/24

..

850

483

6770673.SQ.FTS.B

,

Zero

Cpn

,

12/19/24

..

3,024

2,784

6770792.SQ.FTS.B

,

Zero

Cpn

,

12/19/24

..

1,730

1,682

6770865.SQ.FTS.B

,

Zero

Cpn

,

12/19/24

..

4,256

2,519

6770950.SQ.FTS.B

,

Zero

Cpn

,

12/19/24

..

1,981

1,826

6771055.SQ.FTS.B

,

Zero

Cpn

,

12/19/24

..

780

766

6771080.SQ.FTS.B

,

Zero

Cpn

,

12/19/24

..

1,014

999

6771628.SQ.FTS.B

,

Zero

Cpn

,

12/20/24

..

12,590

8,578

Description

Principal

Amount

Value

Block,

Inc.

(continued)

6772432.SQ.FTS.B

,

Zero

Cpn

,

12/20/24

..

$

3,675

$

2,175

6773205.SQ.FTS.B

,

Zero

Cpn

,

12/20/24

..

1,528

1,487

6773299.SQ.FTS.B

,

Zero

Cpn

,

12/20/24

..

1,402

1,355

6773444.SQ.FTS.B

,

Zero

Cpn

,

12/20/24

..

2,286

2,094

6774309.SQ.FTS.B

,

Zero

Cpn

,

12/20/24

..

1,675

1,415

6774726.SQ.FTS.B

,

Zero

Cpn

,

12/20/24

..

182

181

6775831.SQ.FTS.B

,

Zero

Cpn

,

12/21/24

..

496

474

6775946.SQ.FTS.B

,

Zero

Cpn

,

12/21/24

..

868

204

6775959.SQ.FTS.B

,

Zero

Cpn

,

12/21/24

..

133

129

6777712.SQ.FTS.B

,

Zero

Cpn

,

12/21/24

..

592

568

6780392.SQ.FTS.B

,

Zero

Cpn

,

12/22/24

..

165

164

6782244.SQ.FTS.B

,

Zero

Cpn

,

12/22/24

..

3,094

2,965

6782796.SQ.FTS.B

,

Zero

Cpn

,

12/22/24

..

3,760

3,623

6785814.SQ.FTS.B

,

Zero

Cpn

,

12/23/24

..

3,173

1,171

6785949.SQ.FTS.B

,

Zero

Cpn

,

12/24/24

..

20,601

20,240

6788178.SQ.FTS.B

,

Zero

Cpn

,

12/26/24

..

5,011

4,904

6788693.SQ.FTS.B

,

Zero

Cpn

,

12/26/24

..

1,382

1,339

6789037.SQ.FTS.B

,

Zero

Cpn

,

12/26/24

..

1,241

1,002

6789128.SQ.FTS.B

,

Zero

Cpn

,

12/26/24

..

6,626

5,188

6789389.SQ.FTS.B

,

Zero

Cpn

,

12/26/24

..

1,160

1,138

6789729.SQ.FTS.B

,

Zero

Cpn

,

12/26/24

..

23,583

13,773

6790557.SQ.FTS.B

,

Zero

Cpn

,

12/26/24

..

974

858

6790865.SQ.FTS.B

,

Zero

Cpn

,

12/26/24

..

3,296

2,936

6791344.SQ.FTS.B

,

Zero

Cpn

,

12/27/24

..

2,216

2,192

6791651.SQ.FTS.B

,

Zero

Cpn

,

12/27/24

..

1,339

1,198

6792371.SQ.FTS.B

,

Zero

Cpn

,

12/27/24

..

266

184

6792382.SQ.FTS.B

,

Zero

Cpn

,

12/27/24

..

5,503

4,904

6792899.SQ.FTS.B

,

Zero

Cpn

,

12/27/24

..

17,447

12,554

6794344.SQ.FTS.B

,

Zero

Cpn

,

12/27/24

..

1,060

896

6794378.SQ.FTS.B

,

Zero

Cpn

,

12/27/24

..

1,136

1,099

6795337.SQ.FTS.B

,

Zero

Cpn

,

12/28/24

..

5,500

5,003

6795851.SQ.FTS.B

,

Zero

Cpn

,

12/28/24

..

13,992

3,984

6796208.SQ.FTS.B

,

Zero

Cpn

,

12/28/24

..

568

540

6796277.SQ.FTS.B

,

Zero

Cpn

,

12/28/24

..

3,206

2,995

6796709.SQ.FTS.B

,

Zero

Cpn

,

12/28/24

..

17,971

17,677

6797488.SQ.FTS.B

,

Zero

Cpn

,

12/28/24

..

1,228

1,086

6800164.SQ.FTS.B

,

Zero

Cpn

,

12/29/24

..

926

518

6800808.SQ.FTS.B

,

Zero

Cpn

,

12/29/24

..

3,364

1,470

6801023.SQ.FTS.B

,

Zero

Cpn

,

12/29/24

..

10,129

9,829

6801650.SQ.FTS.B

,

Zero

Cpn

,

12/29/24

..

3,580

2,607

6801907.SQ.FTS.B

,

Zero

Cpn

,

12/29/24

..

6,111

4,069

6803211.SQ.FTS.B

,

Zero

Cpn

,

12/29/24

..

16,939

14,389

6804906.SQ.FTS.B

,

Zero

Cpn

,

12/30/24

..

729

717

6805036.SQ.FTS.B

,

Zero

Cpn

,

12/30/24

..

3,624

3,220

6805829.SQ.FTS.B

,

Zero

Cpn

,

12/30/24

..

1,464

1,441

6806039.SQ.FTS.B

,

Zero

Cpn

,

12/30/24

..

990

894

6807255.SQ.FTS.B

,

Zero

Cpn

,

12/30/24

..

4,488

1,689

6807351.SQ.FTS.B

,

Zero

Cpn

,

12/30/24

..

1,195

1,167

6808014.SQ.FTS.B

,

Zero

Cpn

,

12/30/24

..

27,910

26,377

6808142.SQ.FTS.B

,

Zero

Cpn

,

1/01/25

...

28,326

26,333

6810919.SQ.FTS.B

,

Zero

Cpn

,

1/03/25

...

5,665

5,489

6811198.SQ.FTS.B

,

Zero

Cpn

,

1/03/25

...

6,962

4,670

6811681.SQ.FTS.B

,

Zero

Cpn

,

1/03/25

...

994

326

6811703.SQ.FTS.B

,

Zero

Cpn

,

1/03/25

...

6,691

4,654

6812476.SQ.FTS.B

,

Zero

Cpn

,

1/03/25

...

2,770

2,491

6812718.SQ.FTS.B

,

Zero

Cpn

,

1/03/25

...

8,762

2,891

6812838.SQ.FTS.B

,

Zero

Cpn

,

1/03/25

...

3,765

2,752

6812932.SQ.FTS.B

,

Zero

Cpn

,

1/03/25

...

2,622

1,218

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

31

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

6813008.SQ.FTS.B

,

Zero

Cpn

,

1/03/25

...

$

1,260

$

1,145

6813154.SQ.FTS.B

,

Zero

Cpn

,

1/03/25

...

1,256

1,088

6813445.SQ.FTS.B

,

Zero

Cpn

,

1/04/25

...

3,668

3,606

6813634.SQ.FTS.B

,

Zero

Cpn

,

1/04/25

...

2,572

2,436

6813928.SQ.FTS.B

,

Zero

Cpn

,

1/04/25

...

1,240

1,215

6813993.SQ.FTS.B

,

Zero

Cpn

,

1/04/25

...

3,534

3,445

6814457.SQ.FTS.B

,

Zero

Cpn

,

1/05/25

...

231

201

6814508.SQ.FTS.B

,

Zero

Cpn

,

1/05/25

...

3,136

2,933

6814910.SQ.FTS.B

,

Zero

Cpn

,

1/05/25

...

596

588

6815336.SQ.FTS.B

,

Zero

Cpn

,

1/05/25

...

1,094

476

6815365.SQ.FTS.B

,

Zero

Cpn

,

1/05/25

...

7,300

6,380

6815623.SQ.FTS.B

,

Zero

Cpn

,

1/05/25

...

2,065

1,981

6815900.SQ.FTS.B

,

Zero

Cpn

,

1/05/25

...

3,672

3,467

6816388.SQ.FTS.B

,

Zero

Cpn

,

1/05/25

...

13,667

10,915

6816731.SQ.FTS.B

,

Zero

Cpn

,

1/05/25

...

1,452

1,427

6816795.SQ.FTS.B

,

Zero

Cpn

,

1/05/25

...

1,365

1,344

6817023.SQ.FTS.B

,

Zero

Cpn

,

1/05/25

...

5,186

3,385

6820862.SQ.FTS.B

,

Zero

Cpn

,

1/06/25

...

12,218

11,831

6822775.SQ.FTS.B

,

Zero

Cpn

,

1/07/25

...

1,006

939

6822814.SQ.FTS.B

,

Zero

Cpn

,

1/07/25

...

3,283

2,884

6824075.SQ.FTS.B

,

Zero

Cpn

,

1/07/25

...

2,482

2,286

6824467.SQ.FTS.B

,

Zero

Cpn

,

1/07/25

...

1,665

1,613

6824878.SQ.FTS.B

,

Zero

Cpn

,

1/07/25

...

708

575

6824899.SQ.FTS.B

,

Zero

Cpn

,

1/07/25

...

6,185

6,071

6825704.SQ.FTS.B

,

Zero

Cpn

,

1/07/25

...

1,951

1,815

6826036.SQ.FTS.B

,

Zero

Cpn

,

1/08/25

...

1,351

1,319

6826091.SQ.FTS.B

,

Zero

Cpn

,

1/08/25

...

414

284

6826111.SQ.FTS.B

,

Zero

Cpn

,

1/08/25

...

3,069

2,976

6827153.SQ.FTS.B

,

Zero

Cpn

,

1/09/25

...

1,740

1,570

6828098.SQ.FTS.B

,

Zero

Cpn

,

1/10/25

...

670

632

6828128.SQ.FTS.B

,

Zero

Cpn

,

1/10/25

...

1,056

1,006

6828190.SQ.FTS.B

,

Zero

Cpn

,

1/10/25

...

4,478

4,424

6828597.SQ.FTS.B

,

Zero

Cpn

,

1/10/25

...

2,197

894

6828637.SQ.FTS.B

,

Zero

Cpn

,

1/10/25

...

1,966

1,915

6829778.SQ.FTS.B

,

Zero

Cpn

,

1/10/25

...

485

407

6829788.SQ.FTS.B

,

Zero

Cpn

,

1/10/25

...

1,032

529

6829803.SQ.FTS.B

,

Zero

Cpn

,

1/10/25

...

2,888

2,801

6830316.SQ.FTS.B

,

Zero

Cpn

,

1/10/25

...

997

975

6830425.SQ.FTS.B

,

Zero

Cpn

,

1/10/25

...

1,050

247

6830904.SQ.FTS.B

,

Zero

Cpn

,

1/11/25

...

1,781

1,710

6831028.SQ.FTS.B

,

Zero

Cpn

,

1/11/25

...

1,309

1,251

6831288.SQ.FTS.B

,

Zero

Cpn

,

1/11/25

...

1,450

906

6831473.SQ.FTS.B

,

Zero

Cpn

,

1/11/25

...

2,150

2,122

6831845.SQ.FTS.B

,

Zero

Cpn

,

1/11/25

...

9,074

8,941

6832443.SQ.FTS.B

,

Zero

Cpn

,

1/11/25

...

1,967

1,892

6832538.SQ.FTS.B

,

Zero

Cpn

,

1/11/25

...

2,379

2,267

6832879.SQ.FTS.B

,

Zero

Cpn

,

1/11/25

...

1,818

1,311

6832951.SQ.FTS.B

,

Zero

Cpn

,

1/11/25

...

696

360

6832987.SQ.FTS.B

,

Zero

Cpn

,

1/11/25

...

2,212

1,808

6833081.SQ.FTS.B

,

Zero

Cpn

,

1/11/25

...

5,773

4,970

6834115.SQ.FTS.B

,

Zero

Cpn

,

1/12/25

...

25,206

24,609

6836738.SQ.FTS.B

,

Zero

Cpn

,

1/12/25

...

1,536

1,386

6839303.SQ.FTS.B

,

Zero

Cpn

,

1/13/25

...

1,366

1,360

6840162.SQ.FTS.B

,

Zero

Cpn

,

1/13/25

...

6,311

5,476

6840439.SQ.FTS.B

,

Zero

Cpn

,

1/13/25

...

1,973

1,752

6840509.SQ.FTS.B

,

Zero

Cpn

,

1/13/25

...

135

132

6840534.SQ.FTS.B

,

Zero

Cpn

,

1/13/25

...

478

468

6840563.SQ.FTS.B

,

Zero

Cpn

,

1/13/25

...

1,017

709

Description

Principal

Amount

Value

Block,

Inc.

(continued)

6840586.SQ.FTS.B

,

Zero

Cpn

,

1/13/25

...

$

2,004

$

1,977

6840796.SQ.FTS.B

,

Zero

Cpn

,

1/13/25

...

12,613

8,021

6841905.SQ.FTS.B

,

Zero

Cpn

,

1/13/25

...

112

110

6842206.SQ.FTS.B

,

Zero

Cpn

,

1/14/25

...

6,862

6,796

6843393.SQ.FTS.B

,

Zero

Cpn

,

1/14/25

...

219

215

6843416.SQ.FTS.B

,

Zero

Cpn

,

1/14/25

...

7,655

5,894

6844837.SQ.FTS.B

,

Zero

Cpn

,

1/14/25

...

14,534

8,712

6845312.SQ.FTS.B

,

Zero

Cpn

,

1/15/25

...

998

626

6845652.SQ.FTS.B

,

Zero

Cpn

,

1/15/25

...

1,036

974

6845705.SQ.FTS.B

,

Zero

Cpn

,

1/15/25

...

2,867

1,308

6845782.SQ.FTS.B

,

Zero

Cpn

,

1/15/25

...

795

784

6845844.SQ.FTS.B

,

Zero

Cpn

,

1/15/25

...

2,264

1,125

6845878.SQ.FTS.B

,

Zero

Cpn

,

1/15/25

...

1,744

1,661

6845959.SQ.FTS.B

,

Zero

Cpn

,

1/15/25

...

1,522

461

6846236.SQ.FTS.B

,

Zero

Cpn

,

1/16/25

...

623

576

6846256.SQ.FTS.B

,

Zero

Cpn

,

1/16/25

...

293

287

6846302.SQ.FTS.B

,

Zero

Cpn

,

1/16/25

...

911

827

6846331.SQ.FTS.B

,

Zero

Cpn

,

1/16/25

...

2,121

2,023

6846627.SQ.FTS.B

,

Zero

Cpn

,

1/16/25

...

2,655

2,638

6848212.SQ.FTS.B

,

Zero

Cpn

,

1/17/25

...

492

429

6848236.SQ.FTS.B

,

Zero

Cpn

,

1/17/25

...

12,109

7,762

6848459.SQ.FTS.B

,

Zero

Cpn

,

1/17/25

...

303

298

6848548.SQ.FTS.B

,

Zero

Cpn

,

1/17/25

...

639

631

6848722.SQ.FTS.B

,

Zero

Cpn

,

1/17/25

...

975

870

6848754.SQ.FTS.B

,

Zero

Cpn

,

1/17/25

...

2,246

2,225

6849099.SQ.FTS.B

,

Zero

Cpn

,

1/17/25

...

6,596

5,544

6849596.SQ.FTS.B

,

Zero

Cpn

,

1/17/25

...

10,589

9,821

6850024.SQ.FTS.B

,

Zero

Cpn

,

1/17/25

...

7,302

6,531

6850977.SQ.FTS.B

,

Zero

Cpn

,

1/18/25

...

749

680

6851728.SQ.FTS.B

,

Zero

Cpn

,

1/18/25

...

469

439

6851744.SQ.FTS.B

,

Zero

Cpn

,

1/18/25

...

6,893

6,522

6852050.SQ.FTS.B

,

Zero

Cpn

,

1/18/25

...

1,359

1,337

6852513.SQ.FTS.B

,

Zero

Cpn

,

1/18/25

...

7,615

7,466

6853180.SQ.FTS.B

,

Zero

Cpn

,

1/18/25

...

4,459

4,378

6853512.SQ.FTS.B

,

Zero

Cpn

,

1/18/25

...

482

476

6853583.SQ.FTS.B

,

Zero

Cpn

,

1/18/25

...

4,089

3,880

6853726.SQ.FTS.B

,

Zero

Cpn

,

1/19/25

...

1,189

1,126

6853793.SQ.FTS.B

,

Zero

Cpn

,

1/19/25

...

9,534

8,663

6854403.SQ.FTS.B

,

Zero

Cpn

,

1/19/25

...

3,638

3,578

6854636.SQ.FTS.B

,

Zero

Cpn

,

1/19/25

...

4,885

2,973

6855196.SQ.FTS.B

,

Zero

Cpn

,

1/19/25

...

2,037

2,009

6855356.SQ.FTS.B

,

Zero

Cpn

,

1/19/25

...

2,086

2,058

6856461.SQ.FTS.B

,

Zero

Cpn

,

1/19/25

...

4,214

2,602

6859704.SQ.FTS.B

,

Zero

Cpn

,

1/20/25

...

5,290

5,140

6860133.SQ.FTS.B

,

Zero

Cpn

,

1/20/25

...

637

623

6860842.SQ.FTS.B

,

Zero

Cpn

,

1/20/25

...

1,695

1,679

6861630.SQ.FTS.B

,

Zero

Cpn

,

1/21/25

...

1,924

1,897

6862180.SQ.FTS.B

,

Zero

Cpn

,

1/21/25

...

5,292

4,832

6864613.SQ.FTS.B

,

Zero

Cpn

,

1/22/25

...

1,544

1,527

6864766.SQ.FTS.B

,

Zero

Cpn

,

1/22/25

...

410

259

6864774.SQ.FTS.B

,

Zero

Cpn

,

1/22/25

...

12,161

9,540

6865041.SQ.FTS.B

,

Zero

Cpn

,

1/22/25

...

462

452

6865062.SQ.FTS.B

,

Zero

Cpn

,

1/22/25

...

2,040

1,746

6865119.SQ.FTS.B

,

Zero

Cpn

,

1/22/25

...

1,164

1,116

6865237.SQ.FTS.B

,

Zero

Cpn

,

1/22/25

...

321

293

6865328.SQ.FTS.B

,

Zero

Cpn

,

1/23/25

...

328

278

6865425.SQ.FTS.B

,

Zero

Cpn

,

1/23/25

...

1,402

751

6865692.SQ.FTS.B

,

Zero

Cpn

,

1/23/25

...

2,925

2,878

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

32

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

6865816.SQ.FTS.B

,

Zero

Cpn

,

1/23/25

...

$

3,053

$

2,739

6866176.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

3,324

1,919

6866939.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

537

513

6866999.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

2,422

2,362

6867106.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

785

777

6867205.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

1,047

699

6867235.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

4,821

4,597

6867424.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

3,886

2,781

6867718.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

411

409

6867765.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

1,046

1,030

6868051.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

2,968

2,883

6868168.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

1,145

1,109

6868264.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

1,162

1,139

6868873.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

826

811

6868948.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

72

72

6869370.SQ.FTS.B

,

Zero

Cpn

,

1/24/25

...

17,850

7,402

6869566.SQ.FTS.B

,

Zero

Cpn

,

1/25/25

...

12,588

12,058

6870920.SQ.FTS.B

,

Zero

Cpn

,

1/25/25

...

396

252

6871868.SQ.FTS.B

,

Zero

Cpn

,

1/25/25

...

20,665

17,607

6872701.SQ.FTS.B

,

Zero

Cpn

,

1/26/25

...

1,819

1,786

6872826.SQ.FTS.B

,

Zero

Cpn

,

1/26/25

...

3,593

3,433

6873034.SQ.FTS.B

,

Zero

Cpn

,

1/26/25

...

13,190

12,568

6873743.SQ.FTS.B

,

Zero

Cpn

,

1/26/25

...

1,289

758

6873888.SQ.FTS.B

,

Zero

Cpn

,

1/26/25

...

4,493

3,691

6873935.SQ.FTS.B

,

Zero

Cpn

,

1/26/25

...

76

74

6874028.SQ.FTS.B

,

Zero

Cpn

,

1/26/25

...

363

346

6874098.SQ.FTS.B

,

Zero

Cpn

,

1/26/25

...

3,456

3,297

6874224.SQ.FTS.B

,

Zero

Cpn

,

1/26/25

...

12,671

11,499

6875205.SQ.FTS.B

,

Zero

Cpn

,

1/26/25

...

2,371

2,122

6875469.SQ.FTS.B

,

Zero

Cpn

,

1/26/25

...

5,202

3,966

6877983.SQ.FTS.B

,

Zero

Cpn

,

1/27/25

...

4,140

2,099

6878385.SQ.FTS.B

,

Zero

Cpn

,

1/27/25

...

2,447

2,229

6878498.SQ.FTS.B

,

Zero

Cpn

,

1/27/25

...

15,839

12,187

6879258.SQ.FTS.B

,

Zero

Cpn

,

1/27/25

...

1,170

358

6879276.SQ.FTS.B

,

Zero

Cpn

,

1/27/25

...

423

401

6879320.SQ.FTS.B

,

Zero

Cpn

,

1/27/25

...

6,891

6,694

6880116.SQ.FTS.B

,

Zero

Cpn

,

1/27/25

...

5,805

5,499

6880319.SQ.FTS.B

,

Zero

Cpn

,

1/27/25

...

952

464

6880423.SQ.FTS.B

,

Zero

Cpn

,

1/27/25

...

3,497

3,329

6880580.SQ.FTS.B

,

Zero

Cpn

,

1/27/25

...

1,077

385

6880642.SQ.FTS.B

,

Zero

Cpn

,

1/27/25

...

6,764

5,799

6880862.SQ.FTS.B

,

Zero

Cpn

,

1/28/25

...

3,213

3,076

6881521.SQ.FTS.B

,

Zero

Cpn

,

1/28/25

...

489

448

6882114.SQ.FTS.B

,

Zero

Cpn

,

1/28/25

...

3,844

3,476

6882392.SQ.FTS.B

,

Zero

Cpn

,

1/28/25

...

1,055

1,038

6882891.SQ.FTS.B

,

Zero

Cpn

,

1/28/25

...

609

603

6882983.SQ.FTS.B

,

Zero

Cpn

,

1/28/25

...

3,657

3,500

6883165.SQ.FTS.B

,

Zero

Cpn

,

1/28/25

...

2,551

2,501

6883551.SQ.FTS.B

,

Zero

Cpn

,

1/28/25

...

2,778

2,731

6883683.SQ.FTS.B

,

Zero

Cpn

,

1/28/25

...

11,390

6,469

6883910.SQ.FTS.B

,

Zero

Cpn

,

1/28/25

...

30,501

29,412

6884079.SQ.FTS.B

,

Zero

Cpn

,

1/29/25

...

942

912

6884611.SQ.FTS.B

,

Zero

Cpn

,

1/29/25

...

2,365

2,079

6885478.SQ.FTS.B

,

Zero

Cpn

,

1/30/25

...

8,175

7,778

6886320.SQ.FTS.B

,

Zero

Cpn

,

1/31/25

...

12,329

6,332

6887199.SQ.FTS.B

,

Zero

Cpn

,

1/31/25

...

316

312

6887429.SQ.FTS.B

,

Zero

Cpn

,

1/31/25

...

582

576

6888596.SQ.FTS.B

,

Zero

Cpn

,

1/31/25

...

1,247

1,224

Description

Principal

Amount

Value

Block,

Inc.

(continued)

6888690.SQ.FTS.B

,

Zero

Cpn

,

1/31/25

...

$

6,843

$

6,182

6889101.SQ.FTS.B

,

Zero

Cpn

,

1/31/25

...

2,764

2,626

6889386.SQ.FTS.B

,

Zero

Cpn

,

2/01/25

...

1,199

1,167

6889627.SQ.FTS.B

,

Zero

Cpn

,

2/01/25

...

9,585

8,956

6890447.SQ.FTS.B

,

Zero

Cpn

,

2/01/25

...

3,170

3,083

6890704.SQ.FTS.B

,

Zero

Cpn

,

2/01/25

...

3,803

3,634

6890858.SQ.FTS.B

,

Zero

Cpn

,

2/01/25

...

2,615

2,542

6891587.SQ.FTS.B

,

Zero

Cpn

,

2/01/25

...

3,046

2,910

6891704.SQ.FTS.B

,

Zero

Cpn

,

2/01/25

...

13,104

9,517

6892036.SQ.FTS.B

,

Zero

Cpn

,

2/01/25

...

3,598

2,937

6892218.SQ.FTS.B

,

Zero

Cpn

,

2/01/25

...

705

628

6892741.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

2,028

1,999

6893220.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

2,226

2,153

6893560.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

1,395

982

6893601.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

1,998

1,950

6893718.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

1,674

1,604

6893793.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

2,354

2,241

6893989.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

6,739

5,304

6894305.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

868

829

6894382.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

4,238

1,692

6894900.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

9,350

8,092

6895374.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

1,575

1,438

6895435.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

900

886

6895536.SQ.FTS.B

,

Zero

Cpn

,

2/02/25

...

20,931

20,092

6897766.SQ.FTS.B

,

Zero

Cpn

,

2/03/25

...

4,445

4,371

6898271.SQ.FTS.B

,

Zero

Cpn

,

2/03/25

...

1,101

887

6898333.SQ.FTS.B

,

Zero

Cpn

,

2/03/25

...

16,552

15,769

6899258.SQ.FTS.B

,

Zero

Cpn

,

2/03/25

...

2,047

1,993

6899630.SQ.FTS.B

,

Zero

Cpn

,

2/03/25

...

3,953

3,911

6900101.SQ.FTS.B

,

Zero

Cpn

,

2/03/25

...

8,606

8,407

6901055.SQ.FTS.B

,

Zero

Cpn

,

2/04/25

...

8,090

5,240

6901450.SQ.FTS.B

,

Zero

Cpn

,

2/04/25

...

8,280

8,083

6904394.SQ.FTS.B

,

Zero

Cpn

,

2/05/25

...

1,586

1,561

6904663.SQ.FTS.B

,

Zero

Cpn

,

2/05/25

...

911

891

6904834.SQ.FTS.B

,

Zero

Cpn

,

2/05/25

...

3,276

3,198

6904977.SQ.FTS.B

,

Zero

Cpn

,

2/05/25

...

2,076

1,993

6905084.SQ.FTS.B

,

Zero

Cpn

,

2/06/25

...

4,101

2,152

6905278.SQ.FTS.B

,

Zero

Cpn

,

2/06/25

...

4,086

3,720

6905425.SQ.FTS.B

,

Zero

Cpn

,

2/06/25

...

1,195

809

6905497.SQ.FTS.B

,

Zero

Cpn

,

2/06/25

...

3,821

3,661

6905613.SQ.FTS.B

,

Zero

Cpn

,

2/06/25

...

816

801

6905725.SQ.FTS.B

,

Zero

Cpn

,

2/06/25

...

4,046

1,413

6907305.SQ.FTS.B

,

Zero

Cpn

,

2/07/25

...

7,101

6,818

6907881.SQ.FTS.B

,

Zero

Cpn

,

2/07/25

...

3,980

3,865

6908048.SQ.FTS.B

,

Zero

Cpn

,

2/07/25

...

615

602

6908594.SQ.FTS.B

,

Zero

Cpn

,

2/07/25

...

85

83

6909709.SQ.FTS.B

,

Zero

Cpn

,

2/08/25

...

439

404

6910405.SQ.FTS.B

,

Zero

Cpn

,

2/08/25

...

3,161

3,082

6910603.SQ.FTS.B

,

Zero

Cpn

,

2/08/25

...

7,798

6,866

6910812.SQ.FTS.B

,

Zero

Cpn

,

2/08/25

...

5,166

2,889

6910948.SQ.FTS.B

,

Zero

Cpn

,

2/08/25

...

1,772

1,685

6911034.SQ.FTS.B

,

Zero

Cpn

,

2/08/25

...

32,424

31,888

6912180.SQ.FTS.B

,

Zero

Cpn

,

2/09/25

...

5,167

4,717

6912328.SQ.FTS.B

,

Zero

Cpn

,

2/09/25

...

190

186

6912435.SQ.FTS.B

,

Zero

Cpn

,

2/09/25

...

4,758

4,382

6912895.SQ.FTS.B

,

Zero

Cpn

,

2/09/25

...

4,103

3,545

6913098.SQ.FTS.B

,

Zero

Cpn

,

2/09/25

...

653

607

6913129.SQ.FTS.B

,

Zero

Cpn

,

2/09/25

...

1,307

1,252

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

33

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

6913510.SQ.FTS.B

,

Zero

Cpn

,

2/09/25

...

$

4

$

3

6913617.SQ.FTS.B

,

Zero

Cpn

,

2/09/25

...

11,794

5,473

6914094.SQ.FTS.B

,

Zero

Cpn

,

2/09/25

...

646

639

6916268.SQ.FTS.B

,

Zero

Cpn

,

2/10/25

...

2,206

2,128

6916456.SQ.FTS.B

,

Zero

Cpn

,

2/10/25

...

739

509

6916508.SQ.FTS.B

,

Zero

Cpn

,

2/10/25

...

651

631

6917357.SQ.FTS.B

,

Zero

Cpn

,

2/10/25

...

97

97

6917646.SQ.FTS.B

,

Zero

Cpn

,

2/10/25

...

1,935

1,855

6917891.SQ.FTS.B

,

Zero

Cpn

,

2/10/25

...

2,458

2,190

6918090.SQ.FTS.B

,

Zero

Cpn

,

2/10/25

...

6,991

4,369

6918278.SQ.FTS.B

,

Zero

Cpn

,

2/10/25

...

1,179

1,142

6918477.SQ.FTS.B

,

Zero

Cpn

,

2/10/25

...

795

103

6919031.SQ.FTS.B

,

Zero

Cpn

,

2/11/25

...

4,028

3,839

6919126.SQ.FTS.B

,

Zero

Cpn

,

2/11/25

...

870

113

6919134.SQ.FTS.B

,

Zero

Cpn

,

2/11/25

...

3,413

3,012

6919280.SQ.FTS.B

,

Zero

Cpn

,

2/11/25

...

658

435

6919314.SQ.FTS.B

,

Zero

Cpn

,

2/11/25

...

4,125

3,563

6919460.SQ.FTS.B

,

Zero

Cpn

,

2/11/25

...

1,267

1,254

6919576.SQ.FTS.B

,

Zero

Cpn

,

2/11/25

...

6,007

5,717

6919881.SQ.FTS.B

,

Zero

Cpn

,

2/11/25

...

4,891

4,766

6920207.SQ.FTS.B

,

Zero

Cpn

,

2/11/25

...

5,084

4,933

6920374.SQ.FTS.B

,

Zero

Cpn

,

2/11/25

...

3,246

2,607

6920551.SQ.FTS.B

,

Zero

Cpn

,

2/12/25

...

83

82

6920673.SQ.FTS.B

,

Zero

Cpn

,

2/12/25

...

2,128

2,062

6921007.SQ.FTS.B

,

Zero

Cpn

,

2/13/25

...

2,025

1,949

6921070.SQ.FTS.B

,

Zero

Cpn

,

2/13/25

...

1,254

1,232

6921125.SQ.FTS.B

,

Zero

Cpn

,

2/13/25

...

6,765

6,469

6921429.SQ.FTS.B

,

Zero

Cpn

,

2/13/25

...

8,648

3,492

6921820.SQ.FTS.B

,

Zero

Cpn

,

2/14/25

...

1,290

1,273

6921985.SQ.FTS.B

,

Zero

Cpn

,

2/14/25

...

10,277

10,077

6922380.SQ.FTS.B

,

Zero

Cpn

,

2/14/25

...

12,445

8,594

6922505.SQ.FTS.B

,

Zero

Cpn

,

2/14/25

...

11,688

11,516

6922924.SQ.FTS.B

,

Zero

Cpn

,

2/14/25

...

2,003

1,965

6923040.SQ.FTS.B

,

Zero

Cpn

,

2/14/25

...

2,561

2,361

6923080.SQ.FTS.B

,

Zero

Cpn

,

2/14/25

...

5,872

5,769

6923478.SQ.FTS.B

,

Zero

Cpn

,

2/15/25

...

440

432

6924795.SQ.FTS.B

,

Zero

Cpn

,

2/15/25

...

3,270

3,221

6933126.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

3,833

3,759

6933318.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

1,438

1,407

6933378.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

3,828

3,139

6933473.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

4,245

3,190

6934108.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

8,770

6,862

6934280.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

4,731

4,495

6934855.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

399

388

6934875.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

5,295

5,141

6935047.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

3,225

2,085

6935209.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

1,049

1,026

6935249.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

843

689

6935264.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

1,628

1,599

6935436.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

12,299

12,035

6936029.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

2,382

2,204

6936108.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

247

237

6936118.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

1,423

1,309

6936174.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

713

676

6936187.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

2,630

2,526

6936338.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

16,617

15,297

6936682.SQ.FTS.B

,

Zero

Cpn

,

2/17/25

...

5,112

4,889

6936963.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

2,151

2,068

Description

Principal

Amount

Value

Block,

Inc.

(continued)

6937023.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

$

5,024

$

4,520

6937107.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

3,434

2,945

6937200.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

1,034

815

6937253.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

866

843

6937297.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

2,807

2,458

6937486.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

3,396

3,349

6937669.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

2,095

1,898

6937723.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

7,654

7,519

6937940.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

2,422

2,324

6938495.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

2,168

2,105

6938613.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

469

390

6938664.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

3,222

2,790

6939326.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

8,134

3,990

6939442.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

1,319

1,286

6939497.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

2,167

2,121

6939746.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

6,153

6,065

6940304.SQ.FTS.B

,

Zero

Cpn

,

2/18/25

...

13,843

13,610

6941232.SQ.FTS.B

,

Zero

Cpn

,

2/19/25

...

17,973

9,702

6941528.SQ.FTS.B

,

Zero

Cpn

,

2/19/25

...

555

549

6941710.SQ.FTS.B

,

Zero

Cpn

,

2/19/25

...

5,409

2,406

6941790.SQ.FTS.B

,

Zero

Cpn

,

2/19/25

...

619

608

6941866.SQ.FTS.B

,

Zero

Cpn

,

2/19/25

...

4,668

4,469

6942017.SQ.FTS.B

,

Zero

Cpn

,

2/20/25

...

933

740

6942041.SQ.FTS.B

,

Zero

Cpn

,

2/20/25

...

919

334

6942277.SQ.FTS.B

,

Zero

Cpn

,

2/20/25

...

2,005

1,966

6942356.SQ.FTS.B

,

Zero

Cpn

,

2/20/25

...

3,146

2,963

6942989.SQ.FTS.B

,

Zero

Cpn

,

2/21/25

...

2,612

2,458

6943560.SQ.FTS.B

,

Zero

Cpn

,

2/21/25

...

6,363

6,226

6944049.SQ.FTS.B

,

Zero

Cpn

,

2/21/25

...

39,473

36,756

6945251.SQ.FTS.B

,

Zero

Cpn

,

2/21/25

...

8,483

8,293

6945698.SQ.FTS.B

,

Zero

Cpn

,

2/21/25

...

1,495

858

6945992.SQ.FTS.B

,

Zero

Cpn

,

2/21/25

...

972

912

6946019.SQ.FTS.B

,

Zero

Cpn

,

2/21/25

...

54

53

6946128.SQ.FTS.B

,

Zero

Cpn

,

2/21/25

...

1,931

1,821

6946196.SQ.FTS.B

,

Zero

Cpn

,

2/21/25

...

6,474

6,206

6946527.SQ.FTS.B

,

Zero

Cpn

,

2/21/25

...

2,197

1,970

6946564.SQ.FTS.B

,

Zero

Cpn

,

2/21/25

...

594

586

6947402.SQ.FTS.B

,

Zero

Cpn

,

2/22/25

...

11,770

10,936

6947839.SQ.FTS.B

,

Zero

Cpn

,

2/22/25

...

2,025

1,302

6947980.SQ.FTS.B

,

Zero

Cpn

,

2/22/25

...

8,942

8,632

6948439.SQ.FTS.B

,

Zero

Cpn

,

2/22/25

...

1,236

1,199

6948508.SQ.FTS.B

,

Zero

Cpn

,

2/22/25

...

50,316

47,252

6950019.SQ.FTS.B

,

Zero

Cpn

,

2/23/25

...

9,522

9,351

6951561.SQ.FTS.B

,

Zero

Cpn

,

2/23/25

...

5,818

5,756

6952276.SQ.FTS.B

,

Zero

Cpn

,

2/23/25

...

6,951

6,827

6952587.SQ.FTS.B

,

Zero

Cpn

,

2/23/25

...

6,336

5,511

6953060.SQ.FTS.B

,

Zero

Cpn

,

2/23/25

...

6,176

5,563

6954954.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

9,610

8,387

6955484.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

2,111

2,085

6955949.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

2,113

2,073

6956046.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

7,087

6,781

6956807.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

5,666

5,395

6957047.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

8,217

8,038

6957471.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

2,937

2,848

6957572.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

1,239

1,170

6957668.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

787

720

6957706.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

982

396

6957735.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

6,535

4,302

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

34

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

6957843.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

$

6,089

$

4,368

6958123.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

5,058

4,940

6958280.SQ.FTS.B

,

Zero

Cpn

,

2/24/25

...

3,461

3,384

6958563.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

2,081

2,044

6958696.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

294

287

6958758.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

575

485

6958893.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

645

201

6958951.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

1,468

1,439

6959272.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

4,962

4,764

6959468.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

2,115

2,056

6959605.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

26,727

21,068

6960136.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

1,533

1,422

6960263.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

1,218

1,196

6960667.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

6,759

6,668

6961848.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

1,437

1,350

6961959.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

1,811

1,781

6962136.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

1,990

1,926

6962309.SQ.FTS.B

,

Zero

Cpn

,

2/25/25

...

362

359

6962386.SQ.FTS.B

,

Zero

Cpn

,

2/26/25

...

1,539

1,008

6962449.SQ.FTS.B

,

Zero

Cpn

,

2/26/25

...

2,924

1,502

6962472.SQ.FTS.B

,

Zero

Cpn

,

2/26/25

...

3,093

2,975

6962595.SQ.FTS.B

,

Zero

Cpn

,

2/26/25

...

176

171

6962609.SQ.FTS.B

,

Zero

Cpn

,

2/26/25

...

2,335

2,291

6962665.SQ.FTS.B

,

Zero

Cpn

,

2/26/25

...

4,786

2,685

6962719.SQ.FTS.B

,

Zero

Cpn

,

2/26/25

...

2,589

2,563

6962948.SQ.FTS.B

,

Zero

Cpn

,

2/26/25

...

1,563

1,428

6963215.SQ.FTS.B

,

Zero

Cpn

,

2/27/25

...

2,065

1,811

6963283.SQ.FTS.B

,

Zero

Cpn

,

2/27/25

...

1,337

1,206

6963324.SQ.FTS.B

,

Zero

Cpn

,

2/27/25

...

2,261

1,998

6963425.SQ.FTS.B

,

Zero

Cpn

,

2/27/25

...

7,958

6,663

6963632.SQ.FTS.B

,

Zero

Cpn

,

2/27/25

...

2,357

2,035

6963671.SQ.FTS.B

,

Zero

Cpn

,

2/27/25

...

106

104

6963703.SQ.FTS.B

,

Zero

Cpn

,

2/27/25

...

8,415

2,690

6964133.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

5,221

4,150

6964600.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

3,817

2,920

6964719.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

3,636

3,379

6964861.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

10,949

10,763

6965538.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

1,372

1,049

6965564.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

9,739

8,562

6965741.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

3,156

2,945

6965890.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

2,207

2,090

6965997.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

16,476

14,546

6966352.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

4,371

3,744

6966566.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

1,937

1,748

6966718.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

642

334

6966730.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

1,930

1,905

6966836.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

1,231

1,218

6966986.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

1,439

1,382

6968210.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

1,647

1,552

6968688.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

15,928

8,328

6969722.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

1,148

1,087

6969892.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

960

880

6969931.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

6,389

6,288

6970372.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

125

124

6970424.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

7,118

5,150

6970552.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

6,145

5,384

6970669.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

16,747

16,394

6971102.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

759

755

Description

Principal

Amount

Value

Block,

Inc.

(continued)

6971235.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

$

8,718

$

8,451

6971686.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

744

733

6972318.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

4,652

3,158

6972440.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

10,855

10,230

6972991.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

993

978

6973064.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

1,323

1,304

6973185.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

3,103

2,984

6973541.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

608

592

6973728.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

330

317

6973772.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

12,583

12,077

6974137.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

1,243

1,212

6974172.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

7,851

7,664

6977409.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

8,084

6,224

6977824.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

3,646

3,331

6978166.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

749

732

6978589.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

28,240

27,135

6979463.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

16,873

16,178

6980194.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

6,167

5,432

6980485.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

5,387

3,101

6980613.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

981

971

6980681.SQ.FTS.B

,

Zero

Cpn

,

2/28/25

...

19,249

18,763

6981380.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

2,006

1,626

6981506.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

4,725

3,683

6981745.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

727

266

6981776.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

6,583

6,381

6982673.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

902

870

6983035.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

773

642

6983184.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

5,308

4,868

6983514.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

3,690

3,598

6983613.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

6,494

6,243

6983907.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

5,990

2,567

6983996.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

3,727

3,283

6984102.SQ.FTS.B

,

Zero

Cpn

,

3/01/25

...

16,370

16,006

6984714.SQ.FTS.B

,

Zero

Cpn

,

3/02/25

...

2,634

2,589

6984868.SQ.FTS.B

,

Zero

Cpn

,

3/02/25

...

3,061

2,989

6985494.SQ.FTS.B

,

Zero

Cpn

,

3/02/25

...

4,455

4,314

6985660.SQ.FTS.B

,

Zero

Cpn

,

3/03/25

...

4,314

3,643

6985758.SQ.FTS.B

,

Zero

Cpn

,

3/03/25

...

1,613

1,580

6985831.SQ.FTS.B

,

Zero

Cpn

,

3/03/25

...

7,093

6,526

6985995.SQ.FTS.B

,

Zero

Cpn

,

3/03/25

...

5,303

5,147

6986171.SQ.FTS.B

,

Zero

Cpn

,

3/03/25

...

488

481

6986183.SQ.FTS.B

,

Zero

Cpn

,

3/03/25

...

1,335

693

6986200.SQ.FTS.B

,

Zero

Cpn

,

3/03/25

...

1,524

1,496

6986343.SQ.FTS.B

,

Zero

Cpn

,

3/04/25

...

2,035

1,810

6986388.SQ.FTS.B

,

Zero

Cpn

,

3/04/25

...

3,307

3,136

6986475.SQ.FTS.B

,

Zero

Cpn

,

3/04/25

...

1,411

1,200

6986549.SQ.FTS.B

,

Zero

Cpn

,

3/04/25

...

2,170

2,116

6986633.SQ.FTS.B

,

Zero

Cpn

,

3/04/25

...

17,685

17,101

6987047.SQ.FTS.B

,

Zero

Cpn

,

3/04/25

...

3,927

1,754

6987073.SQ.FTS.B

,

Zero

Cpn

,

3/04/25

...

1,047

816

6987090.SQ.FTS.B

,

Zero

Cpn

,

3/04/25

...

1,920

1,877

6987169.SQ.FTS.B

,

Zero

Cpn

,

3/04/25

...

1,171

1,160

6987582.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

2,262

2,137

6987735.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

4,002

3,880

6987953.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

1,370

1,243

6988209.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

3,662

3,210

6988576.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

4,348

4,181

6988706.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

2,308

2,197

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

35

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

6988804.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

$

23,589

$

15,431

6989373.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

11,678

11,432

6989803.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

9,069

8,609

6990007.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

3,847

3,686

6990239.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

4,592

1,599

6990301.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

1,844

1,744

6990319.SQ.FTS.B

,

Zero

Cpn

,

3/05/25

...

446

304

6990546.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

2,685

2,603

6990630.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

596

581

6990657.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

1,004

984

6990719.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

3,819

3,735

6990920.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

3,904

3,430

6991025.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

2,011

1,969

6991080.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

878

812

6991121.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

2,024

1,971

6991193.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

36,193

32,310

6992646.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

1,616

1,101

6992671.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

2,203

2,019

6992725.SQ.FTS.B

,

Zero

Cpn

,

3/06/25

...

39,335

37,745

6995652.SQ.FTS.B

,

Zero

Cpn

,

3/07/25

...

2,024

1,981

6995763.SQ.FTS.B

,

Zero

Cpn

,

3/07/25

...

1,186

1,112

6996456.SQ.FTS.B

,

Zero

Cpn

,

3/07/25

...

11,380

9,236

6996814.SQ.FTS.B

,

Zero

Cpn

,

3/07/25

...

7,404

6,830

6997123.SQ.FTS.B

,

Zero

Cpn

,

3/07/25

...

1,777

1,763

6997974.SQ.FTS.B

,

Zero

Cpn

,

3/07/25

...

4,435

4,309

6999659.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

6,807

3,941

6999790.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

34,690

30,651

7000525.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

7,857

6,973

7000681.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

6,624

6,518

7000908.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

4,928

4,545

7001052.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

1,791

1,699

7001353.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

1,347

826

7001400.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

6,845

6,151

7001610.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

2,507

2,468

7001709.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

7,094

6,803

7001833.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

1,315

1,284

7001897.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

6,799

4,135

7001954.SQ.FTS.B

,

Zero

Cpn

,

3/08/25

...

14,981

14,602

7002327.SQ.FTS.B

,

Zero

Cpn

,

3/09/25

...

1,828

1,762

7002382.SQ.FTS.B

,

Zero

Cpn

,

3/09/25

...

7,372

6,905

7002545.SQ.FTS.B

,

Zero

Cpn

,

3/09/25

...

671

661

7002691.SQ.FTS.B

,

Zero

Cpn

,

3/09/25

...

3,019

1,849

7002756.SQ.FTS.B

,

Zero

Cpn

,

3/09/25

...

1,889

1,808

7002848.SQ.FTS.B

,

Zero

Cpn

,

3/09/25

...

3,483

3,386

7003117.SQ.FTS.B

,

Zero

Cpn

,

3/09/25

...

787

285

7003132.SQ.FTS.B

,

Zero

Cpn

,

3/09/25

...

522

390

7003140.SQ.FTS.B

,

Zero

Cpn

,

3/09/25

...

6,017

5,844

7003279.SQ.FTS.B

,

Zero

Cpn

,

3/10/25

...

1,495

1,460

7003309.SQ.FTS.B

,

Zero

Cpn

,

3/10/25

...

30,331

29,196

7004223.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

1,980

1,838

7004376.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

1,767

1,097

7005032.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

1,433

1,373

7005137.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

1,850

1,809

7005352.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

958

936

7006014.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

3,312

3,240

7006543.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

5,960

5,102

7006720.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

2,777

2,704

7006832.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

11,217

6,406

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7006966.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

$

4,311

$

3,000

7007049.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

2,384

2,047

7007109.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

1,500

1,487

7007213.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

3,643

2,032

7007236.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

1,774

1,219

7007272.SQ.FTS.B

,

Zero

Cpn

,

3/11/25

...

12,281

12,014

7007488.SQ.FTS.B

,

Zero

Cpn

,

3/12/25

...

19,408

18,702

7008797.SQ.FTS.B

,

Zero

Cpn

,

3/12/25

...

2,163

2,116

7008867.SQ.FTS.B

,

Zero

Cpn

,

3/12/25

...

353

343

7008883.SQ.FTS.B

,

Zero

Cpn

,

3/12/25

...

3,507

3,380

7008953.SQ.FTS.B

,

Zero

Cpn

,

3/12/25

...

9,964

9,799

7009365.SQ.FTS.B

,

Zero

Cpn

,

3/12/25

...

13,058

11,617

7009604.SQ.FTS.B

,

Zero

Cpn

,

3/12/25

...

50,009

30,640

7010487.SQ.FTS.B

,

Zero

Cpn

,

3/12/25

...

13,161

12,663

7010981.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

2,023

1,255

7011029.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

9,050

7,723

7011532.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

9,918

9,468

7012393.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

1,911

1,749

7012466.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

9,188

7,844

7012763.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

113

112

7012807.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

920

678

7012854.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

509

373

7012870.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

2,668

2,546

7012977.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

867

848

7013018.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

5,682

5,046

7013153.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

3,423

3,080

7013238.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

94

93

7013752.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

649

642

7014086.SQ.FTS.B

,

Zero

Cpn

,

3/13/25

...

17,940

17,554

7016330.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

5,739

4,096

7016571.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

1,586

1,399

7017252.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

1,094

1,063

7017360.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

1,961

1,931

7018204.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

4,104

3,977

7018390.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

3,042

2,964

7018668.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

400

327

7018984.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

1,389

1,250

7019058.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

7,388

6,042

7019223.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

8,308

8,131

7019534.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

7,136

6,783

7019772.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

2,745

2,666

7020229.SQ.FTS.B

,

Zero

Cpn

,

3/14/25

...

13,620

13,472

7020416.SQ.FTS.B

,

Zero

Cpn

,

3/15/25

...

26,139

21,549

7021437.SQ.FTS.B

,

Zero

Cpn

,

3/15/25

...

6,696

6,393

7021770.SQ.FTS.B

,

Zero

Cpn

,

3/15/25

...

1,224

695

7022129.SQ.FTS.B

,

Zero

Cpn

,

3/15/25

...

1,179

1,167

7022376.SQ.FTS.B

,

Zero

Cpn

,

3/15/25

...

2,592

2,221

7022456.SQ.FTS.B

,

Zero

Cpn

,

3/15/25

...

5,304

4,748

7022642.SQ.FTS.B

,

Zero

Cpn

,

3/15/25

...

14,334

13,737

7023215.SQ.FTS.B

,

Zero

Cpn

,

3/15/25

...

5,383

5,152

7023496.SQ.FTS.B

,

Zero

Cpn

,

3/15/25

...

6,156

5,353

7024277.SQ.FTS.B

,

Zero

Cpn

,

3/15/25

...

21,148

19,773

7024639.SQ.FTS.B

,

Zero

Cpn

,

3/16/25

...

4,185

4,102

7024779.SQ.FTS.B

,

Zero

Cpn

,

3/16/25

...

8,248

6,696

7024914.SQ.FTS.B

,

Zero

Cpn

,

3/16/25

...

869

854

7025006.SQ.FTS.B

,

Zero

Cpn

,

3/16/25

...

439

435

7025073.SQ.FTS.B

,

Zero

Cpn

,

3/16/25

...

9,179

7,429

7025200.SQ.FTS.B

,

Zero

Cpn

,

3/16/25

...

6,949

6,773

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

36

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7025429.SQ.FTS.B

,

Zero

Cpn

,

3/16/25

...

$

2,872

$

1,812

7025472.SQ.FTS.B

,

Zero

Cpn

,

3/16/25

...

350

261

7025474.SQ.FTS.B

,

Zero

Cpn

,

3/16/25

...

2,545

2,503

7025583.SQ.FTS.B

,

Zero

Cpn

,

3/17/25

...

915

784

7025619.SQ.FTS.B

,

Zero

Cpn

,

3/17/25

...

1,841

1,416

7025829.SQ.FTS.B

,

Zero

Cpn

,

3/17/25

...

5,712

3,744

7025933.SQ.FTS.B

,

Zero

Cpn

,

3/17/25

...

2,642

2,182

7026020.SQ.FTS.B

,

Zero

Cpn

,

3/17/25

...

874

768

7026038.SQ.FTS.B

,

Zero

Cpn

,

3/17/25

...

3,222

2,769

7026096.SQ.FTS.B

,

Zero

Cpn

,

3/17/25

...

2,204

2,074

7026146.SQ.FTS.B

,

Zero

Cpn

,

3/17/25

...

2,099

2,075

7026704.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

4,134

4,002

7027572.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

36,711

25,090

7028336.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

2,246

1,297

7028413.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

123

118

7028434.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

522

477

7028447.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

3,622

3,540

7028563.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

15,294

15,064

7029261.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

9,195

7,589

7029506.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

2,423

1,878

7029563.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

1,433

1,342

7029635.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

508

504

7029684.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

616

428

7029706.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

4,966

4,697

7030024.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

490

451

7030033.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

580

566

7030310.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

2,573

2,488

7030382.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

123

118

7030393.SQ.FTS.B

,

Zero

Cpn

,

3/18/25

...

15,721

15,414

7030479.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

5,255

4,920

7030732.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

1,655

1,605

7030828.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

511

505

7030904.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

906

860

7031031.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

615

606

7031123.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

273

268

7031129.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

25,115

16,749

7031871.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

1,212

1,183

7031934.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

8,361

5,928

7032161.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

29,830

28,289

7032821.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

5,221

5,098

7032947.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

6,107

5,869

7033094.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

28,860

28,287

7033869.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

2,930

1,934

7033914.SQ.FTS.B

,

Zero

Cpn

,

3/19/25

...

21,567

21,166

7034277.SQ.FTS.B

,

Zero

Cpn

,

3/20/25

...

2,303

2,231

7034420.SQ.FTS.B

,

Zero

Cpn

,

3/20/25

...

693

678

7034472.SQ.FTS.B

,

Zero

Cpn

,

3/20/25

...

1,406

1,393

7034652.SQ.FTS.B

,

Zero

Cpn

,

3/20/25

...

6,962

4,941

7035000.SQ.FTS.B

,

Zero

Cpn

,

3/20/25

...

4,637

4,382

7036165.SQ.FTS.B

,

Zero

Cpn

,

3/20/25

...

6,631

5,959

7036310.SQ.FTS.B

,

Zero

Cpn

,

3/20/25

...

3,888

3,216

7036403.SQ.FTS.B

,

Zero

Cpn

,

3/20/25

...

45,790

42,270

7037313.SQ.FTS.B

,

Zero

Cpn

,

3/20/25

...

18,085

16,905

7037884.SQ.FTS.B

,

Zero

Cpn

,

3/20/25

...

1,045

972

7037911.SQ.FTS.B

,

Zero

Cpn

,

3/20/25

...

5,426

5,301

7039840.SQ.FTS.B

,

Zero

Cpn

,

3/21/25

...

333

321

7039844.SQ.FTS.B

,

Zero

Cpn

,

3/21/25

...

10,919

10,491

7040271.SQ.FTS.B

,

Zero

Cpn

,

3/21/25

...

38,697

25,969

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7041550.SQ.FTS.B

,

Zero

Cpn

,

3/21/25

...

$

13,160

$

12,813

7042050.SQ.FTS.B

,

Zero

Cpn

,

3/21/25

...

5,654

5,469

7043237.SQ.FTS.B

,

Zero

Cpn

,

3/21/25

...

7,583

6,786

7043505.SQ.FTS.B

,

Zero

Cpn

,

3/21/25

...

733

718

7043883.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

2,623

2,275

7044180.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

1,465

1,423

7044311.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

3,206

2,643

7045028.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

597

584

7045062.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

8,028

7,907

7045710.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

4,836

4,535

7045994.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

430

426

7046070.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

3,314

3,238

7046224.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

7,000

5,567

7046389.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

798

432

7046392.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

1,806

1,751

7046493.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

569

551

7046545.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

13,168

12,761

7046821.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

1,249

981

7046841.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

420

411

7046858.SQ.FTS.B

,

Zero

Cpn

,

3/22/25

...

13,079

12,411

7047078.SQ.FTS.B

,

Zero

Cpn

,

3/23/25

...

1,560

1,498

7047122.SQ.FTS.B

,

Zero

Cpn

,

3/23/25

...

1,914

1,862

7047159.SQ.FTS.B

,

Zero

Cpn

,

3/23/25

...

6,478

6,018

7047271.SQ.FTS.B

,

Zero

Cpn

,

3/23/25

...

2,527

1,897

7047312.SQ.FTS.B

,

Zero

Cpn

,

3/23/25

...

3,448

2,999

7047385.SQ.FTS.B

,

Zero

Cpn

,

3/23/25

...

3,534

3,162

7047435.SQ.FTS.B

,

Zero

Cpn

,

3/23/25

...

3,431

3,367

7047531.SQ.FTS.B

,

Zero

Cpn

,

3/23/25

...

17,174

15,732

7048082.SQ.FTS.B

,

Zero

Cpn

,

3/24/25

...

2,655

2,582

7048331.SQ.FTS.B

,

Zero

Cpn

,

3/24/25

...

5,891

5,735

7048665.SQ.FTS.B

,

Zero

Cpn

,

3/24/25

...

824

799

7048690.SQ.FTS.B

,

Zero

Cpn

,

3/24/25

...

1,273

1,238

7048720.SQ.FTS.B

,

Zero

Cpn

,

3/24/25

...

2,892

2,776

7048994.SQ.FTS.B

,

Zero

Cpn

,

3/25/25

...

2,570

1,917

7049703.SQ.FTS.B

,

Zero

Cpn

,

3/25/25

...

25,501

23,527

7050280.SQ.FTS.B

,

Zero

Cpn

,

3/25/25

...

662

633

7050291.SQ.FTS.B

,

Zero

Cpn

,

3/25/25

...

8,928

8,405

7050520.SQ.FTS.B

,

Zero

Cpn

,

3/25/25

...

2,354

2,094

7050555.SQ.FTS.B

,

Zero

Cpn

,

3/25/25

...

12,624

11,375

7050699.SQ.FTS.B

,

Zero

Cpn

,

3/25/25

...

1,636

1,568

7050735.SQ.FTS.B

,

Zero

Cpn

,

3/25/25

...

398

247

7050844.SQ.FTS.B

,

Zero

Cpn

,

3/25/25

...

14,048

13,828

7051263.SQ.FTS.B

,

Zero

Cpn

,

3/25/25

...

20,353

20,035

7052133.SQ.FTS.B

,

Zero

Cpn

,

3/25/25

...

19,309

10,474

7052715.SQ.FTS.B

,

Zero

Cpn

,

3/26/25

...

5,657

5,315

7052889.SQ.FTS.B

,

Zero

Cpn

,

3/26/25

...

376

364

7052909.SQ.FTS.B

,

Zero

Cpn

,

3/26/25

...

5,567

5,394

7053123.SQ.FTS.B

,

Zero

Cpn

,

3/26/25

...

601

575

7053160.SQ.FTS.B

,

Zero

Cpn

,

3/26/25

...

4,975

3,865

7053310.SQ.FTS.B

,

Zero

Cpn

,

3/26/25

...

8,699

8,269

7053791.SQ.FTS.B

,

Zero

Cpn

,

3/26/25

...

3,699

3,601

7053936.SQ.FTS.B

,

Zero

Cpn

,

3/26/25

...

2,546

2,470

7054093.SQ.FTS.B

,

Zero

Cpn

,

3/26/25

...

19,936

17,991

7054475.SQ.FTS.B

,

Zero

Cpn

,

3/26/25

...

973

950

7054599.SQ.FTS.B

,

Zero

Cpn

,

3/26/25

...

10,510

10,050

7055837.SQ.FTS.B

,

Zero

Cpn

,

3/27/25

...

5,733

5,636

7056058.SQ.FTS.B

,

Zero

Cpn

,

3/27/25

...

3,592

3,515

7056143.SQ.FTS.B

,

Zero

Cpn

,

3/27/25

...

287

278

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

37

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7057253.SQ.FTS.B

,

Zero

Cpn

,

3/27/25

...

$

2,027

$

2,003

7057796.SQ.FTS.B

,

Zero

Cpn

,

3/27/25

...

4,541

4,352

7057925.SQ.FTS.B

,

Zero

Cpn

,

3/27/25

...

7,202

6,788

7058350.SQ.FTS.B

,

Zero

Cpn

,

3/27/25

...

1,208

1,180

7058362.SQ.FTS.B

,

Zero

Cpn

,

3/27/25

...

825

807

7058398.SQ.FTS.B

,

Zero

Cpn

,

3/27/25

...

3,157

3,005

7058696.SQ.FTS.B

,

Zero

Cpn

,

3/27/25

...

1,886

1,841

7060939.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

3,752

2,738

7061046.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

1,608

1,553

7061083.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

2,701

2,444

7061181.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

1,562

1,526

7061256.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

3,535

3,424

7061383.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

3,412

3,084

7061451.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

8,767

7,157

7061598.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

155

150

7061648.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

6,753

6,560

7062042.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

13,012

12,584

7062519.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

6,954

6,616

7062693.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

18,119

17,840

7063310.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

17,544

17,264

7063540.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

15,130

14,198

7063951.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

7,675

7,474

7064257.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

1,052

1,005

7064274.SQ.FTS.B

,

Zero

Cpn

,

3/28/25

...

18,850

18,108

7065357.SQ.FTS.B

,

Zero

Cpn

,

3/29/25

...

1,636

1,591

7065493.SQ.FTS.B

,

Zero

Cpn

,

3/29/25

...

19,401

18,661

7066201.SQ.FTS.B

,

Zero

Cpn

,

3/29/25

...

2,342

1,529

7066220.SQ.FTS.B

,

Zero

Cpn

,

3/29/25

...

7,244

6,755

7066416.SQ.FTS.B

,

Zero

Cpn

,

3/29/25

...

26,604

14,450

7066581.SQ.FTS.B

,

Zero

Cpn

,

3/29/25

...

14,361

13,942

7066794.SQ.FTS.B

,

Zero

Cpn

,

3/29/25

...

3,881

3,685

7066956.SQ.FTS.B

,

Zero

Cpn

,

3/29/25

...

1,377

1,204

7067009.SQ.FTS.B

,

Zero

Cpn

,

3/29/25

...

2,453

1,667

7067185.SQ.FTS.B

,

Zero

Cpn

,

3/29/25

...

13,588

5,558

7067986.SQ.FTS.B

,

Zero

Cpn

,

3/29/25

...

966

938

7068149.SQ.FTS.B

,

Zero

Cpn

,

3/30/25

...

2,828

2,732

7068193.SQ.FTS.B

,

Zero

Cpn

,

3/30/25

...

4,695

4,410

7068427.SQ.FTS.B

,

Zero

Cpn

,

3/30/25

...

3,252

3,208

7068672.SQ.FTS.B

,

Zero

Cpn

,

3/30/25

...

2,643

2,532

7068719.SQ.FTS.B

,

Zero

Cpn

,

3/30/25

...

16,291

15,391

7068937.SQ.FTS.B

,

Zero

Cpn

,

3/30/25

...

1,791

1,734

7069074.SQ.FTS.B

,

Zero

Cpn

,

4/01/25

...

6,192

5,135

7069154.SQ.FTS.B

,

Zero

Cpn

,

4/01/25

...

6,369

6,216

7069279.SQ.FTS.B

,

Zero

Cpn

,

4/01/25

...

3,032

3,001

7069474.SQ.FTS.B

,

Zero

Cpn

,

4/01/25

...

3,346

3,245

7069512.SQ.FTS.B

,

Zero

Cpn

,

4/01/25

...

1,104

1,087

7069563.SQ.FTS.B

,

Zero

Cpn

,

4/01/25

...

4,695

4,633

7069780.SQ.FTS.B

,

Zero

Cpn

,

4/01/25

...

1,695

1,614

7070100.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

5,208

5,051

7070164.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

7,722

7,507

7071088.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

18,868

18,358

7071629.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

9,132

8,231

7071816.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

5,539

5,435

7071976.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

3,676

3,452

7072006.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

10,059

9,378

7072124.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

2,084

1,857

7072227.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

680

666

7072264.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

1,110

1,092

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7072319.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

$

91

$

91

7072580.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

33,769

32,852

7073685.SQ.FTS.B

,

Zero

Cpn

,

4/02/25

...

6,694

6,480

7074076.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

628

614

7074091.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

3,299

3,255

7074155.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

3,229

3,103

7074185.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

26,629

25,542

7075160.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

4,198

4,076

7075285.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

6,859

6,708

7075539.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

5,542

5,224

7075651.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

5,183

3,635

7075721.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

8,435

8,141

7075883.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

16,562

14,850

7076212.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

3,349

3,180

7076426.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

5,027

4,856

7076523.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

2,887

2,859

7076846.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

6,830

6,195

7076965.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

10,378

10,076

7077186.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

231

228

7077191.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

5,771

5,540

7077244.SQ.FTS.B

,

Zero

Cpn

,

4/03/25

...

23,585

23,134

7077841.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

963

900

7077874.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

1,747

1,272

7077910.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

1,973

1,754

7077940.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

1,800

1,767

7078012.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

2,192

2,065

7078070.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

3,677

3,559

7078200.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

6,258

5,865

7078421.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

3,525

3,107

7078561.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

473

466

7078663.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

631

612

7078789.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

4,444

3,649

7078908.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

3,901

3,814

7079091.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

3,050

2,929

7079333.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

16,635

16,240

7079720.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

910

766

7079893.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

867

833

7079914.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

15,824

15,525

7080218.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

1,294

1,257

7080256.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

9,218

8,346

7080379.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

6,329

6,138

7080513.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

3,404

3,349

7080603.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

28,445

26,515

7081152.SQ.FTS.B

,

Zero

Cpn

,

4/04/25

...

1,906

1,891

7084979.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

1,637

1,573

7085123.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

13,578

13,340

7085706.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

3,019

2,923

7085866.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

4,133

4,038

7086050.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

558

554

7086320.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

2,843

2,232

7086396.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

2,259

1,749

7086495.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

9,665

9,208

7086921.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

1,622

1,574

7087146.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

5,687

3,814

7087211.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

2,338

2,302

7087393.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

2,035

1,983

7087434.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

790

762

7087454.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

7,259

4,807

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

38

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7087484.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

$

2,338

$

2,285

7087577.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

28,016

23,268

7087936.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

4,563

4,459

7088106.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

1,033

1,014

7088171.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

2,303

2,255

7088207.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

1,742

1,712

7088271.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

3,093

2,973

7088370.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

8,443

8,191

7088605.SQ.FTS.B

,

Zero

Cpn

,

4/05/25

...

8,188

8,045

7089120.SQ.FTS.B

,

Zero

Cpn

,

4/06/25

...

454

446

7089133.SQ.FTS.B

,

Zero

Cpn

,

4/06/25

...

4,224

4,094

7089212.SQ.FTS.B

,

Zero

Cpn

,

4/06/25

...

27,522

25,903

7090190.SQ.FTS.B

,

Zero

Cpn

,

4/06/25

...

6,061

2,639

7090338.SQ.FTS.B

,

Zero

Cpn

,

4/06/25

...

45,213

43,396

7090983.SQ.FTS.B

,

Zero

Cpn

,

4/06/25

...

27,579

26,833

7091649.SQ.FTS.B

,

Zero

Cpn

,

4/06/25

...

6,271

6,127

7091786.SQ.FTS.B

,

Zero

Cpn

,

4/06/25

...

3,420

3,342

7091881.SQ.FTS.B

,

Zero

Cpn

,

4/06/25

...

25,110

20,575

7092357.SQ.FTS.B

,

Zero

Cpn

,

4/07/25

...

3,513

3,410

7092465.SQ.FTS.B

,

Zero

Cpn

,

4/07/25

...

3,117

3,018

7092824.SQ.FTS.B

,

Zero

Cpn

,

4/07/25

...

5,155

5,079

7093110.SQ.FTS.B

,

Zero

Cpn

,

4/07/25

...

1,285

1,262

7093413.SQ.FTS.B

,

Zero

Cpn

,

4/08/25

...

2,105

2,058

7093504.SQ.FTS.B

,

Zero

Cpn

,

4/08/25

...

863

838

7093549.SQ.FTS.B

,

Zero

Cpn

,

4/08/25

...

879

757

7093567.SQ.FTS.B

,

Zero

Cpn

,

4/08/25

...

1,669

1,635

7093652.SQ.FTS.B

,

Zero

Cpn

,

4/08/25

...

1,490

1,456

7093756.SQ.FTS.B

,

Zero

Cpn

,

4/08/25

...

664

632

7093794.SQ.FTS.B

,

Zero

Cpn

,

4/08/25

...

2,216

1,641

7093904.SQ.FTS.B

,

Zero

Cpn

,

4/08/25

...

347

340

7094204.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

1,962

1,566

7094242.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

1,935

1,871

7094350.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

2,608

2,363

7094477.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

8,279

7,089

7094790.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

4,964

4,271

7094866.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

3,999

2,525

7094902.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

1,164

1,134

7094918.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

2,762

2,653

7095034.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

2,521

2,470

7095103.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

808

761

7095135.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

1,208

1,175

7095173.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

3,436

3,353

7095328.SQ.FTS.B

,

Zero

Cpn

,

4/09/25

...

2,164

1,637

7095782.SQ.FTS.B

,

Zero

Cpn

,

4/10/25

...

965

932

7095807.SQ.FTS.B

,

Zero

Cpn

,

4/10/25

...

693

676

7095854.SQ.FTS.B

,

Zero

Cpn

,

4/10/25

...

2,895

2,070

7095902.SQ.FTS.B

,

Zero

Cpn

,

4/10/25

...

22,263

21,549

7096903.SQ.FTS.B

,

Zero

Cpn

,

4/10/25

...

3,082

2,997

7097085.SQ.FTS.B

,

Zero

Cpn

,

4/10/25

...

4,606

4,517

7097349.SQ.FTS.B

,

Zero

Cpn

,

4/10/25

...

1,632

1,515

7097525.SQ.FTS.B

,

Zero

Cpn

,

4/10/25

...

15,516

14,904

7098896.SQ.FTS.B

,

Zero

Cpn

,

4/10/25

...

1,369

1,304

7099111.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

1,043

1,022

7099200.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

12,876

7,106

7099435.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

2,593

2,490

7099511.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

768

757

7099566.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

14,674

14,251

7099951.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

3,884

3,696

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7100197.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

$

2,684

$

2,382

7100221.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

1,767

1,728

7100274.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

2,925

2,872

7100381.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

21,370

17,201

7101445.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

222

219

7101458.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

1,478

1,273

7101497.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

1,537

1,494

7101517.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

1,663

1,543

7101547.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

1,696

1,046

7102201.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

35,701

23,117

7102475.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

1,373

1,296

7102658.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

4,862

4,574

7102688.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

4,144

4,011

7102711.SQ.FTS.B

,

Zero

Cpn

,

4/11/25

...

24,194

23,432

7105125.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

2,248

2,171

7105202.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

396

390

7105322.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

13,187

12,314

7105586.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

6,082

5,942

7105967.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

2,391

2,203

7106250.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

7,778

5,502

7106347.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

5,013

4,844

7106519.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

4,581

4,315

7106639.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

12,412

11,611

7106904.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

1,532

1,500

7106935.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

22,915

22,345

7107390.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

12,331

11,644

7107557.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

3,136

2,785

7107594.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

13,294

12,914

7107852.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

33,446

21,368

7108154.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

829

797

7108192.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

1,697

1,653

7108221.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

1,093

1,021

7108252.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

1,792

1,759

7108306.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

3,246

3,115

7108363.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

2,089

2,051

7108416.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

10,917

10,320

7108631.SQ.FTS.B

,

Zero

Cpn

,

4/12/25

...

9,519

9,360

7108792.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

1,681

1,641

7108842.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

539

532

7108865.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

735

706

7108951.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

16,345

16,095

7110407.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

450

439

7110432.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

2,299

2,233

7110485.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

10,916

10,776

7110949.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

608

600

7110969.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

1,784

1,119

7110985.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

3,842

3,770

7111018.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

1,842

1,683

7111043.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

1,308

1,275

7111089.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

1,246

1,166

7111107.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

4,124

3,881

7111151.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

4,551

2,995

7111306.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

863

848

7111327.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

128

127

7111344.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

483

469

7111351.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

3,117

3,012

7111382.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

1,956

1,928

7111444.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

4,216

3,972

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

39

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7111729.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

$

3,378

$

2,571

7111743.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

5,247

4,752

7111785.SQ.FTS.B

,

Zero

Cpn

,

4/13/25

...

6,989

5,650

7112058.SQ.FTS.B

,

Zero

Cpn

,

4/14/25

...

1,694

1,350

7112088.SQ.FTS.B

,

Zero

Cpn

,

4/14/25

...

6,613

5,305

7112185.SQ.FTS.B

,

Zero

Cpn

,

4/14/25

...

26,039

18,601

7112526.SQ.FTS.B

,

Zero

Cpn

,

4/14/25

...

659

648

7112553.SQ.FTS.B

,

Zero

Cpn

,

4/14/25

...

1,226

1,156

7112613.SQ.FTS.B

,

Zero

Cpn

,

4/14/25

...

5,163

5,013

7112777.SQ.FTS.B

,

Zero

Cpn

,

4/14/25

...

457

450

7112790.SQ.FTS.B

,

Zero

Cpn

,

4/14/25

...

6,112

5,991

7112931.SQ.FTS.B

,

Zero

Cpn

,

4/14/25

...

3,724

3,612

7113067.SQ.FTS.B

,

Zero

Cpn

,

4/15/25

...

2,453

2,318

7113125.SQ.FTS.B

,

Zero

Cpn

,

4/15/25

...

2,052

1,988

7113170.SQ.FTS.B

,

Zero

Cpn

,

4/15/25

...

1,736

1,643

7113219.SQ.FTS.B

,

Zero

Cpn

,

4/15/25

...

3,087

2,016

7113295.SQ.FTS.B

,

Zero

Cpn

,

4/15/25

...

3,433

3,356

7113472.SQ.FTS.B

,

Zero

Cpn

,

4/15/25

...

4,843

4,176

7113614.SQ.FTS.B

,

Zero

Cpn

,

4/15/25

...

2,283

1,926

7113660.SQ.FTS.B

,

Zero

Cpn

,

4/15/25

...

639

625

7113677.SQ.FTS.B

,

Zero

Cpn

,

4/15/25

...

507

487

7114099.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

1,799

1,713

7114140.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

7,732

7,522

7114578.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

1,362

1,216

7114687.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

5,609

5,497

7115000.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

4,409

4,277

7115137.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

1,540

1,478

7115235.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

1,336

1,312

7115383.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

17,113

16,632

7115864.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

903

887

7115905.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

4,383

4,128

7116002.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

9,344

9,026

7116213.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

726

541

7116259.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

546

528

7116269.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

810

774

7116282.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

20,780

20,238

7116806.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

17,448

16,925

7117161.SQ.FTS.B

,

Zero

Cpn

,

4/16/25

...

6,986

6,747

7117683.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

5,322

3,907

7117898.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

626

616

7118071.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

17,531

16,859

7118828.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

2,086

2,036

7119037.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

3,787

3,316

7119077.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

1,441

1,394

7119168.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

1,480

1,382

7119240.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

28,284

27,578

7119610.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

4,115

3,886

7119643.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

5,772

5,495

7119770.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

3,770

3,712

7119833.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

41,779

39,981

7120298.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

644

636

7120315.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

850

830

7120331.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

5,848

5,112

7120628.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

969

923

7120669.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

769

742

7120695.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

13,150

8,477

7120866.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

1,292

1,217

7120882.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

1,894

1,818

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7120902.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

$

1,950

$

1,914

7120963.SQ.FTS.B

,

Zero

Cpn

,

4/17/25

...

15,946

15,616

7121541.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

2,811

2,745

7121744.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

1,382

1,340

7121811.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

2,876

2,796

7122108.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

1,024

998

7122142.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

4,822

4,602

7122271.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

5,512

4,817

7122582.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

509

483

7122595.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

6,958

6,818

7122792.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

4,921

4,713

7122860.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

10,116

9,637

7123016.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

756

744

7123029.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

1,276

1,249

7123071.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

2,540

1,784

7123089.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

21,350

20,786

7123398.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

3,321

2,656

7123432.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

1,185

1,117

7123459.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

8,632

7,914

7123655.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

3,031

2,922

7123746.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

16,232

14,029

7124156.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

51,266

49,217

7125736.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

4,647

4,492

7125880.SQ.FTS.B

,

Zero

Cpn

,

4/18/25

...

7,019

6,706

7128421.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

5,077

4,979

7128743.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

5,859

5,664

7129421.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

9,267

9,010

7131499.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

3,083

3,010

7131771.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

685

673

7131834.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

4,657

3,970

7132043.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

13,085

11,685

7132624.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

942

927

7132680.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

4,476

4,377

7132787.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

3,421

3,350

7132979.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

6,226

4,324

7133104.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

3,793

3,715

7133289.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

3,121

3,016

7133404.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

4,879

4,758

7133609.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

572

554

7133655.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

5,279

5,095

7133796.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

521

517

7134178.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

1,159

1,124

7134488.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

18,488

17,737

7134924.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

17,624

17,009

7135169.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

3,303

2,152

7135207.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

1,439

1,409

7135243.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

1,838

1,778

7135288.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

2,651

2,593

7135332.SQ.FTS.B

,

Zero

Cpn

,

4/19/25

...

45,112

39,525

7135923.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

839

824

7135955.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

3,031

2,727

7136141.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

6,933

4,318

7136267.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

1,650

1,594

7136338.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

3,322

2,168

7136475.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

1,867

1,757

7136517.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

18,443

17,801

7137155.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

5,394

5,161

7137270.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

988

959

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

40

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7137286.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

$

1,326

$

1,289

7137338.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

2,502

2,482

7137702.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

19,635

18,824

7138440.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

1,069

393

7138461.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

15,847

15,385

7138680.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

1,936

1,774

7138694.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

15,317

10,430

7139002.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

2,147

2,108

7139135.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

2,552

2,484

7139343.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

1,414

1,046

7139419.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

8,472

8,288

7139937.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

8,742

8,271

7140561.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

12,243

11,857

7140814.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

1,248

1,216

7141033.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

6,011

5,444

7141150.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

5,459

5,006

7141276.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

2,477

2,435

7141305.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

4,588

4,482

7141398.SQ.FTS.B

,

Zero

Cpn

,

4/20/25

...

3,982

3,122

7141641.SQ.FTS.B

,

Zero

Cpn

,

4/21/25

...

1,975

1,935

7142000.SQ.FTS.B

,

Zero

Cpn

,

4/21/25

...

858

835

7142031.SQ.FTS.B

,

Zero

Cpn

,

4/21/25

...

14,994

12,109

7142339.SQ.FTS.B

,

Zero

Cpn

,

4/21/25

...

5,319

5,225

7142578.SQ.FTS.B

,

Zero

Cpn

,

4/22/25

...

1,435

925

7142613.SQ.FTS.B

,

Zero

Cpn

,

4/22/25

...

9,928

9,121

7142885.SQ.FTS.B

,

Zero

Cpn

,

4/22/25

...

204

200

7143017.SQ.FTS.B

,

Zero

Cpn

,

4/22/25

...

1,613

1,126

7143040.SQ.FTS.B

,

Zero

Cpn

,

4/22/25

...

13,309

12,549

7143719.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

3,330

3,223

7143790.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

8,007

7,775

7144312.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

5,370

5,228

7144620.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

10,084

9,450

7144942.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

1,606

1,566

7145050.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

2,443

2,381

7145139.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

852

844

7145218.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

539

531

7145269.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

6,060

5,824

7145718.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

1,811

1,089

7145751.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

1,078

1,064

7145816.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

2,560

1,922

7145917.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

5,016

3,695

7145954.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

27,743

27,030

7146593.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

331

327

7147190.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

6,916

4,709

7147385.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

6,861

6,628

7147574.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

1,112

1,093

7147609.SQ.FTS.B

,

Zero

Cpn

,

4/23/25

...

1,656

1,612

7147793.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

1,751

1,662

7147845.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

2,059

2,004

7148066.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

910

892

7148098.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

383

339

7148154.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

13,136

10,055

7148349.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

9,750

9,484

7148627.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

524

511

7148649.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

8,123

8,005

7149008.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

1,374

1,259

7149062.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

6,411

6,321

7149288.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

15,512

14,499

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7149588.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

$

14,106

$

13,856

7149934.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

1,597

1,517

7149961.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

10,064

6,264

7150056.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

1,128

1,064

7150100.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

7,207

7,054

7150285.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

7,349

7,129

7150443.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

1,341

1,254

7150477.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

1,858

851

7150495.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

891

560

7150501.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

2,363

1,789

7150581.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

640

618

7150640.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

1,975

1,884

7150696.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

1,839

1,795

7150740.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

1,355

1,329

7150789.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

8,754

8,586

7150980.SQ.FTS.B

,

Zero

Cpn

,

4/24/25

...

19,600

18,552

7151527.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

6,970

6,671

7151675.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

2,966

2,918

7151823.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

6,469

5,576

7151938.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

5,231

5,098

7152069.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

2,688

2,186

7152210.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

5,039

4,930

7152426.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

19,747

13,749

7152707.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

110

109

7152708.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

6,609

6,264

7152795.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

8,361

5,532

7152883.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

3,154

3,085

7152957.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

4,799

4,702

7153061.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

1,213

1,175

7153082.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

12,944

12,505

7153281.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

486

481

7153298.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

5,665

5,526

7153431.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

46,222

40,258

7154149.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

2,111

2,028

7154170.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

9,992

9,120

7154298.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

9,843

9,565

7154414.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

1,383

1,369

7154470.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

710

495

7154477.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

751

745

7154495.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

1,204

1,189

7154592.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

4,699

4,019

7154637.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

6,625

6,399

7154741.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

1,960

1,599

7154765.SQ.FTS.B

,

Zero

Cpn

,

4/25/25

...

3,257

3,178

7156755.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

2,971

2,911

7156829.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

13,699

11,836

7157114.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

4,291

4,165

7157191.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

1,752

1,343

7157222.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

1,400

1,370

7157262.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

20,688

18,863

7157657.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

8,768

7,685

7157781.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

28,625

27,398

7158113.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

1,760

1,718

7158163.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

8,369

8,104

7158281.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

7,411

7,161

7158338.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

22,856

22,538

7159507.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

1,187

1,139

7159515.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

681

670

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

41

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7159537.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

$

8,515

$

4,523

7159634.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

27,778

22,813

7159975.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

3,949

3,708

7160075.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

6,377

5,910

7160196.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

3,243

3,142

7160288.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

2,730

2,576

7160380.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

2,031

1,988

7160500.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

2,048

1,961

7160533.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

1,818

1,798

7160650.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

1,562

1,539

7160700.SQ.FTS.B

,

Zero

Cpn

,

4/26/25

...

2,010

1,965

7160726.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

2,816

2,743

7160770.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

3,982

3,836

7160999.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

1,423

1,389

7161084.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

148

145

7161096.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

535

522

7161118.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

6,377

6,227

7161332.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

977

961

7161373.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

290

285

7161388.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

560

549

7161589.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

13,880

13,257

7161854.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

4,131

3,937

7161978.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

6,527

6,307

7162125.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

7,452

7,221

7162299.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

24,625

23,600

7162727.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

3,489

3,325

7162785.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

3,554

3,430

7162819.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

23,584

20,096

7163172.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

10,587

10,355

7163428.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

5,141

4,089

7163473.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

3,480

3,404

7163540.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

12,711

12,470

7163843.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

9,470

9,254

7164004.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

9,823

5,510

7164056.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

1,526

1,363

7164081.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

3,095

1,895

7164096.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

1,183

626

7164106.SQ.FTS.B

,

Zero

Cpn

,

4/27/25

...

4,270

4,168

7164199.SQ.FTS.B

,

Zero

Cpn

,

4/28/25

...

21,985

21,107

7164640.SQ.FTS.B

,

Zero

Cpn

,

4/28/25

...

4,365

4,196

7164716.SQ.FTS.B

,

Zero

Cpn

,

4/28/25

...

9,024

8,718

7164824.SQ.FTS.B

,

Zero

Cpn

,

4/28/25

...

2,939

2,851

7164868.SQ.FTS.B

,

Zero

Cpn

,

4/28/25

...

2,150

1,799

7165308.SQ.FTS.B

,

Zero

Cpn

,

4/29/25

...

18,514

17,354

7165672.SQ.FTS.B

,

Zero

Cpn

,

4/29/25

...

1,176

1,128

7165694.SQ.FTS.B

,

Zero

Cpn

,

4/29/25

...

609

603

7165777.SQ.FTS.B

,

Zero

Cpn

,

4/29/25

...

7,134

6,999

7165963.SQ.FTS.B

,

Zero

Cpn

,

4/29/25

...

772

457

7165974.SQ.FTS.B

,

Zero

Cpn

,

4/29/25

...

7,601

7,252

7166418.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

3,745

3,438

7166622.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

1,212

1,156

7166727.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

8,105

5,469

7167043.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

15,880

14,427

7167597.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

207

206

7167753.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

7,418

7,088

7167934.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

2,091

1,900

7167962.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

1,907

1,879

7168027.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

2,031

1,978

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7168084.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

$

40,003

$

38,808

7169171.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

38,310

33,514

7170235.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

7,967

7,719

7170347.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

1,007

926

7170367.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

1,678

1,065

7170382.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

1,370

1,057

7170401.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

4,314

4,246

7170606.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

5,013

4,753

7170716.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

4,318

3,941

7170789.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

758

750

7170816.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

9,945

9,620

7171166.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

6,478

5,850

7171279.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

3,056

2,230

7171331.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

2,340

2,258

7171392.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

6,100

5,898

7171697.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

8,313

7,958

7171851.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

3,169

2,980

7171919.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

21,655

20,558

7172248.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

1,143

1,122

7172269.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

36,227

34,954

7172765.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

42,703

38,740

7173176.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

5,210

4,113

7173236.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

4,853

4,801

7173420.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

4,639

3,661

7173500.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

1,472

1,368

7173521.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

644

631

7173564.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

3,638

3,527

7173662.SQ.FTS.B

,

Zero

Cpn

,

4/30/25

...

595

580

7173862.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

1,445

1,387

7173884.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

1,304

1,264

7173894.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

1,715

1,677

7173915.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

36,971

34,619

7174416.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

1,948

1,780

7174615.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

2,929

1,716

7174674.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

11,792

11,411

7175023.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

575

561

7175060.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

9,177

9,032

7175634.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

583

567

7175673.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

2,201

2,177

7176198.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

1,696

1,562

7176254.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

489

478

7176280.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

15,214

14,883

7176517.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

1,093

1,069

7176536.SQ.FTS.B

,

Zero

Cpn

,

5/01/25

...

40,298

38,968

7179257.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

589

494

7179281.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

4,992

4,856

7179383.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

5,507

4,875

7179446.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

1,175

1,127

7179459.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

897

884

7179478.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

11,885

9,762

7179594.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

2,686

2,595

7179635.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

4,526

4,283

7179755.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

2,612

2,542

7179892.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

1,457

1,409

7179998.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

2,413

2,360

7180069.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

1,130

707

7180093.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

9,724

9,427

7180271.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

10,213

9,893

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

42

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7180418.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

$

16,511

$

12,984

7180527.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

10,999

10,745

7180670.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

2,553

1,283

7180680.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

7,610

7,452

7180788.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

1,256

1,229

7180801.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

2,072

1,884

7180815.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

74,154

69,489

7183242.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

5,269

5,098

7183400.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

13,848

10,089

7183615.SQ.FTS.B

,

Zero

Cpn

,

5/02/25

...

12,604

12,060

7184106.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

2,457

2,406

7184141.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

2,920

2,845

7184201.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

10,678

9,720

7184447.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

237

235

7184507.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

3,769

3,223

7184598.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

3,623

3,494

7184711.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

16,950

16,458

7185225.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

4,005

3,922

7185286.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

4,098

3,995

7185355.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

3,940

3,873

7185501.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

30,478

29,898

7186223.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

3,779

3,660

7186290.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

6,116

5,849

7186420.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

11,396

11,078

7186736.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

1,349

1,332

7186907.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

3,901

3,790

7186952.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

201

196

7186970.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

6,250

5,994

7187091.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

17,231

16,776

7187381.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

3,757

3,060

7187432.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

549

524

7187451.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

7,254

5,787

7187557.SQ.FTS.B

,

Zero

Cpn

,

5/03/25

...

10,859

9,102

7187613.SQ.FTS.B

,

Zero

Cpn

,

5/04/25

...

2,929

2,851

7187702.SQ.FTS.B

,

Zero

Cpn

,

5/04/25

...

33,804

22,436

7188296.SQ.FTS.B

,

Zero

Cpn

,

5/04/25

...

1,259

1,176

7188399.SQ.FTS.B

,

Zero

Cpn

,

5/04/25

...

3,002

2,944

7188530.SQ.FTS.B

,

Zero

Cpn

,

5/04/25

...

4,429

4,308

7188649.SQ.FTS.B

,

Zero

Cpn

,

5/05/25

...

1,969

1,541

7188685.SQ.FTS.B

,

Zero

Cpn

,

5/05/25

...

14,262

13,796

7189069.SQ.FTS.B

,

Zero

Cpn

,

5/05/25

...

953

920

7189106.SQ.FTS.B

,

Zero

Cpn

,

5/05/25

...

1,177

1,021

7189133.SQ.FTS.B

,

Zero

Cpn

,

5/05/25

...

9,379

9,080

7189904.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

3,173

3,067

7190059.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

553

370

7190099.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

15,508

15,162

7191314.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

7,539

7,231

7191633.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

2,462

2,404

7191692.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

1,851

1,807

7191757.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

208

205

7191779.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

18,121

15,726

7192107.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

1,387

1,342

7192176.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

818

811

7192209.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

12,739

12,146

7192430.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

1,922

1,891

7192495.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

10,287

8,693

7192584.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

8,916

7,965

7192768.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

12,498

12,021

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7192996.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

$

414

$

401

7193019.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

699

679

7193035.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

3,152

3,119

7193235.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

856

833

7193282.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

9,486

9,275

7193514.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

9,742

9,346

7193716.SQ.FTS.B

,

Zero

Cpn

,

5/06/25

...

10,004

9,586

7193868.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

10,819

7,482

7194006.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

6,499

6,065

7194125.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

1,538

1,506

7194158.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

5,870

5,738

7194253.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

402

353

7194324.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

16,993

14,035

7194771.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

1,299

1,274

7194801.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

930

912

7194845.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

296

290

7194913.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

925

694

7194960.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

478

466

7194989.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

2,850

2,802

7195117.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

13,266

12,902

7195432.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

4,835

4,683

7195543.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

18,354

15,846

7195903.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

15,407

14,924

7196284.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

46,313

44,139

7196867.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

2,778

2,682

7196950.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

2,490

2,415

7197003.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

1,997

1,876

7197047.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

3,842

3,354

7197174.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

1,775

1,710

7197219.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

20,828

19,521

7197530.SQ.FTS.B

,

Zero

Cpn

,

5/07/25

...

1,918

1,886

7197871.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

14,767

14,136

7198067.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

2,756

2,708

7198144.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

10,561

10,321

7198412.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

4,430

4,217

7198501.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

1,599

1,495

7198536.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

2,491

2,350

7198601.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

2,113

2,039

7198657.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

9,289

9,076

7198886.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

9,135

8,865

7199092.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

2,301

2,232

7199118.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

3,042

2,947

7199177.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

9,398

9,066

7199276.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

37,289

31,940

7199802.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

13,992

13,777

7200153.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

16,216

6,347

7200286.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

7,347

7,114

7200383.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

2,165

2,107

7200458.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

8,069

7,730

7200553.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

7,449

7,265

7200668.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

1,887

1,666

7200684.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

15,278

13,549

7200960.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

451

331

7200975.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

2,755

2,682

7201012.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

7,417

7,136

7201144.SQ.FTS.B

,

Zero

Cpn

,

5/08/25

...

2,391

2,350

7203221.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

7,425

7,198

7203333.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

10,164

9,081

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

43

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7203436.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

$

1,131

$

1,108

7203456.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

4,096

3,977

7203520.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

11,005

10,706

7203679.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

859

720

7203725.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

2,290

2,224

7203777.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

1,990

1,944

7203860.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

2,224

2,180

7203930.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

9,825

9,378

7204308.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

1,883

1,725

7204525.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

1,726

1,687

7204620.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

5,144

5,015

7204771.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

11,112

10,636

7204916.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

3,155

1,958

7204945.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

4,563

4,082

7204993.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

2,358

2,103

7205002.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

76,136

58,305

7205991.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

8,901

7,835

7206094.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

26,426

24,561

7206597.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

2,440

2,334

7206678.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

1,829

1,770

7206741.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

3,974

3,808

7206811.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

4,018

3,919

7206889.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

6,643

6,060

7206980.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

14,274

11,740

7207145.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

4,340

4,204

7207194.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

501

459

7207199.SQ.FTS.B

,

Zero

Cpn

,

5/09/25

...

3,981

3,797

7207251.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

22,394

21,535

7207540.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

13,947

13,713

7207887.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

23,735

21,758

7208263.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

973

890

7208299.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

6,456

6,091

7208468.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

6,390

6,258

7208659.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

8,065

7,843

7208967.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

2,704

2,646

7209021.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

33,876

33,020

7209796.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

65,456

59,796

7210710.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

2,137

1,628

7210807.SQ.FTS.B

,

Zero

Cpn

,

5/10/25

...

3,765

3,622

7210908.SQ.FTS.B

,

Zero

Cpn

,

5/11/25

...

5,001

4,781

7211016.SQ.FTS.B

,

Zero

Cpn

,

5/11/25

...

5,133

5,038

7211142.SQ.FTS.B

,

Zero

Cpn

,

5/11/25

...

708

479

7211155.SQ.FTS.B

,

Zero

Cpn

,

5/11/25

...

5,166

4,974

7211240.SQ.FTS.B

,

Zero

Cpn

,

5/11/25

...

4,125

3,945

7211314.SQ.FTS.B

,

Zero

Cpn

,

5/11/25

...

1,395

1,358

7211367.SQ.FTS.B

,

Zero

Cpn

,

5/11/25

...

943

890

7211382.SQ.FTS.B

,

Zero

Cpn

,

5/11/25

...

2,533

2,418

7211717.SQ.FTS.B

,

Zero

Cpn

,

5/11/25

...

9,941

9,677

7211935.SQ.FTS.B

,

Zero

Cpn

,

5/12/25

...

3,600

3,546

7212175.SQ.FTS.B

,

Zero

Cpn

,

5/12/25

...

972

953

7212213.SQ.FTS.B

,

Zero

Cpn

,

5/12/25

...

9,283

8,998

7212464.SQ.FTS.B

,

Zero

Cpn

,

5/12/25

...

1,484

936

7212491.SQ.FTS.B

,

Zero

Cpn

,

5/12/25

...

6,342

6,213

7212658.SQ.FTS.B

,

Zero

Cpn

,

5/12/25

...

853

828

7212674.SQ.FTS.B

,

Zero

Cpn

,

5/12/25

...

1,799

1,649

7212718.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

1,339

980

7212919.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

1,472

939

7213115.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

12,288

10,843

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7213655.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

$

1,888

$

1,867

7213905.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

3,205

3,077

7213955.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

1,062

529

7213988.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

7,291

6,931

7214235.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

9,895

9,622

7214825.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

6,212

2,565

7214936.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

22,480

21,853

7215473.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

688

679

7215558.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

5,695

5,532

7215695.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

10,013

9,702

7215910.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

667

651

7215928.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

1,646

1,510

7215936.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

1,391

1,361

7216634.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

3,788

3,696

7216721.SQ.FTS.B

,

Zero

Cpn

,

5/13/25

...

1,465

1,411

7216996.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

2,329

2,297

7217153.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

797

721

7217837.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

7,573

7,126

7218088.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

4,327

4,251

7218214.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

20,268

19,707

7218522.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

8,300

6,996

7218588.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

1,793

1,390

7218625.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

34,640

32,391

7218886.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

6,432

3,711

7218920.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

1,074

1,027

7219006.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

259

255

7219021.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

4,143

4,058

7219083.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

2,613

2,471

7219097.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

1,258

1,215

7219191.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

116

114

7219193.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

8,921

8,698

7219508.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

4,172

3,462

7220016.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

4,773

3,844

7220190.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

2,823

2,710

7220283.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

6,811

6,650

7220388.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

291

280

7220400.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

4,030

3,882

7220452.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

269

265

7220453.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

12,522

10,922

7220578.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

2,690

2,571

7220630.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

822

796

7220661.SQ.FTS.B

,

Zero

Cpn

,

5/14/25

...

8,812

8,482

7221011.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

1,381

1,331

7221061.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

2,111

2,053

7221085.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

26,661

25,844

7221673.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

1,821

1,788

7221907.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

1,108

896

7221936.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

1,049

976

7222007.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

8,862

8,610

7222218.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

485

478

7222228.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

4,861

4,687

7222283.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

1,166

1,141

7222376.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

6,905

6,590

7222643.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

13,219

12,131

7222839.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

8,148

7,990

7223043.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

3,830

3,748

7223135.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

4,465

4,008

7223201.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

29,185

28,499

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

44

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7223668.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

$

916

$

843

7223750.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

1,210

1,122

7223776.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

10,633

10,419

7224003.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

1,986

1,929

7224021.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

9,393

9,093

7224227.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

9,154

8,861

7224411.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

271

270

7224507.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

1,538

1,513

7224534.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

856

821

7224555.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

3,124

2,991

7224622.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

600

587

7224641.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

4,492

4,349

7224704.SQ.FTS.B

,

Zero

Cpn

,

5/15/25

...

9,291

8,751

7226894.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

2,045

1,997

7226984.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

3,886

3,779

7227119.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

3,561

3,463

7227198.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

7,490

7,316

7227385.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

3,904

3,722

7227517.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

2,107

2,026

7227582.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

4,120

3,922

7227644.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

10,761

10,401

7227866.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

2,891

2,041

7227981.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

1,615

631

7228019.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

606

578

7228039.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

4,343

4,238

7228293.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

948

868

7228307.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

6,315

6,150

7229541.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

1,657

1,612

7229548.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

12,993

10,116

7229686.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

4,464

4,306

7229740.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

2,841

2,749

7229762.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

37,012

35,241

7229979.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

1,368

1,299

7229991.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

1,395

1,332

7230021.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

50

50

7230039.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

8,098

7,668

7230095.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

6,147

6,007

7230203.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

3,293

3,110

7230219.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

9,862

9,699

7230310.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

1,166

1,131

7230314.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

1,524

1,463

7230351.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

2,300

2,219

7230369.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

1,744

1,696

7230415.SQ.FTS.B

,

Zero

Cpn

,

5/16/25

...

26,118

24,978

7231465.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

10,656

10,444

7231945.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

5,133

5,000

7232120.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

1,913

1,853

7232158.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

220

219

7232195.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

18,495

17,771

7232691.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

52,165

39,802

7233417.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

8,586

8,319

7233543.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

602

592

7233554.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

5,094

4,844

7233650.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

700

684

7233660.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

658

626

7233689.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

2,027

1,708

7233732.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

5,508

5,333

7233812.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

810

566

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7233827.SQ.FTS.B

,

Zero

Cpn

,

5/17/25

...

$

58,180

$

56,369

7234711.SQ.FTS.B

,

Zero

Cpn

,

5/18/25

...

10,647

10,336

7234867.SQ.FTS.B

,

Zero

Cpn

,

5/18/25

...

502

490

7234879.SQ.FTS.B

,

Zero

Cpn

,

5/18/25

...

8,208

7,815

7235031.SQ.FTS.B

,

Zero

Cpn

,

5/18/25

...

5,191

5,027

7235126.SQ.FTS.B

,

Zero

Cpn

,

5/18/25

...

7,612

7,207

7235258.SQ.FTS.B

,

Zero

Cpn

,

5/18/25

...

5,901

5,776

7235394.SQ.FTS.B

,

Zero

Cpn

,

5/18/25

...

1,678

1,649

7235445.SQ.FTS.B

,

Zero

Cpn

,

5/18/25

...

791

780

7235467.SQ.FTS.B

,

Zero

Cpn

,

5/19/25

...

5,402

4,574

7235564.SQ.FTS.B

,

Zero

Cpn

,

5/19/25

...

529

515

7235581.SQ.FTS.B

,

Zero

Cpn

,

5/19/25

...

3,613

3,509

7235659.SQ.FTS.B

,

Zero

Cpn

,

5/19/25

...

10,224

7,812

7235815.SQ.FTS.B

,

Zero

Cpn

,

5/19/25

...

2,911

2,778

7235864.SQ.FTS.B

,

Zero

Cpn

,

5/19/25

...

2,915

2,814

7235984.SQ.FTS.B

,

Zero

Cpn

,

5/19/25

...

2,784

2,563

7236041.SQ.FTS.B

,

Zero

Cpn

,

5/19/25

...

21,940

19,172

7236352.SQ.FTS.B

,

Zero

Cpn

,

5/19/25

...

847

832

7236378.SQ.FTS.B

,

Zero

Cpn

,

5/19/25

...

413

391

7236769.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

3,865

3,803

7237449.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

4,909

4,730

7237614.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

8,741

8,437

7238020.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

5,480

5,256

7238159.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

1,854

1,316

7238194.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

14,657

14,057

7238562.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

5,905

5,816

7238714.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

1,354

1,318

7238757.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

5,043

4,925

7238977.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

47,964

45,700

7239665.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

5,362

5,277

7239879.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

26,708

25,537

7240314.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

748

716

7240319.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

2,045

1,989

7240417.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

2,425

2,359

7240455.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

693

677

7240494.SQ.FTS.B

,

Zero

Cpn

,

5/20/25

...

4,191

4,149

7241906.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

13,712

13,488

7242122.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

744

411

7242372.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

2,846

2,727

7242439.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

8,910

8,616

7242637.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

2,811

2,748

7242752.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

1,048

874

7242801.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

4,127

3,893

7242896.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

10,561

10,059

7243018.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

892

854

7243023.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

3,194

3,023

7243052.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

1,640

1,592

7243075.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

3,690

3,519

7243185.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

17,103

15,797

7243311.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

4,043

3,904

7243345.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

4,656

4,580

7243425.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

4,914

4,683

7243467.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

8,767

8,449

7243518.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

2,114

2,033

7243531.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

3,839

3,762

7243558.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

1,889

1,763

7243571.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

6,235

5,915

7243613.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

2,063

2,017

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

45

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7243632.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

$

3,931

$

3,899

7243772.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

3,456

3,355

7243843.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

4,033

3,904

7243927.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

1,447

1,417

7243958.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

18,551

16,929

7244108.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

2,853

2,571

7244138.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

7,795

7,571

7244207.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

12,762

12,038

7244363.SQ.FTS.B

,

Zero

Cpn

,

5/21/25

...

2,817

2,596

7247421.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

4,030

3,888

7247506.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

2,803

2,748

7247550.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

22,390

21,529

7247814.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

1,345

1,303

7247849.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

1,007

971

7247870.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

21,186

20,686

7248245.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

3,644

3,350

7248337.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

10,275

7,484

7248498.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

2,977

2,918

7248561.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

1,434

1,349

7248591.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

1,338

1,281

7248608.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

2,135

1,296

7248635.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

6,011

5,459

7248727.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

28,248

25,971

7248948.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

1,117

1,040

7248957.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

25,909

25,303

7249181.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

11,015

10,540

7249274.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

5,471

5,212

7249305.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

4,254

4,114

7249357.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

8,446

8,098

7249450.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

4,030

3,957

7249505.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

4,386

3,172

7249526.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

3,872

3,782

7249554.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

684

676

7249579.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

13,363

10,397

7249691.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

1,690

1,664

7249871.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

4,343

4,046

7250303.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

6,457

6,258

7250953.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

73

73

7250972.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

1,209

1,176

7251021.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

1,338

1,324

7251203.SQ.FTS.B

,

Zero

Cpn

,

5/22/25

...

3,498

3,315

7251283.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

7,497

7,245

7251367.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

8,578

8,205

7251446.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

13,550

13,001

7251553.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

1,102

1,080

7251566.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

3,446

3,288

7251597.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

445

373

7251601.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

8,286

7,643

7251651.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

6,622

5,128

7251691.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

443

430

7251706.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

4,514

4,139

7251743.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

1,375

1,355

7251773.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

9,680

9,189

7251847.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

1,564

1,469

7251857.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

2,316

2,250

7251879.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

711

691

7251888.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

9,669

9,540

7252026.SQ.FTS.B

,

Zero

Cpn

,

5/23/25

...

23,129

22,268

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7252735.SQ.FTS.B

,

Zero

Cpn

,

5/24/25

...

$

1,319

$

1,272

7252796.SQ.FTS.B

,

Zero

Cpn

,

5/24/25

...

1,572

1,492

7252869.SQ.FTS.B

,

Zero

Cpn

,

5/24/25

...

7,124

6,553

7253125.SQ.FTS.B

,

Zero

Cpn

,

5/24/25

...

17,917

16,946

7253951.SQ.FTS.B

,

Zero

Cpn

,

5/24/25

...

648

614

7254008.SQ.FTS.B

,

Zero

Cpn

,

5/24/25

...

10,830

10,429

7254541.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

6,310

5,781

7254589.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

2,380

2,303

7254611.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

39,976

38,852

7254898.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

1,974

1,904

7254907.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

4,334

2,547

7254930.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

1,388

1,346

7254942.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

1,683

1,655

7254957.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

3,127

3,079

7254996.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

11,337

10,788

7255051.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

10,073

9,626

7255113.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

2,328

2,202

7255130.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

4,144

3,938

7255160.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

1,038

1,022

7255167.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

8,970

8,764

7255268.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

720

669

7255280.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

2,104

1,478

7255297.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

2,710

2,643

7255323.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

1,464

1,380

7255379.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

1,361

1,263

7255387.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

3,304

3,257

7255455.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

5,285

5,112

7255510.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

4,103

3,945

7255610.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

1,507

1,456

7255628.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

10,376

10,027

7255712.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

10,880

10,529

7255795.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

5,298

5,101

7255837.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

192

189

7255851.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

547

521

7255860.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

5,785

5,714

7255984.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

1,594

1,087

7255995.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

1,746

1,012

7256004.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

4,875

4,705

7256046.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

2,055

2,025

7256072.SQ.FTS.B

,

Zero

Cpn

,

5/25/25

...

8,832

8,548

7256171.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

1,377

1,140

7256258.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

3,193

3,126

7256287.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

980

630

7256298.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

6,765

6,333

7256370.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

8,769

8,545

7256472.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

6,231

5,792

7256517.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

13,808

12,219

7256621.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

25,288

24,476

7256805.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

3,087

2,024

7256825.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

1,719

1,670

7256851.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

2,149

1,749

7256867.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

1,296

1,260

7256887.SQ.FTS.B

,

Zero

Cpn

,

5/26/25

...

6,694

6,397

7257459.SQ.FTS.B

,

Zero

Cpn

,

5/27/25

...

1,080

1,047

7257487.SQ.FTS.B

,

Zero

Cpn

,

5/27/25

...

112

110

7257517.SQ.FTS.B

,

Zero

Cpn

,

5/27/25

...

455

448

7260912.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

554

547

7260947.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

20,322

19,651

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

46

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7261105.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

$

987

$

954

7261122.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

3,626

3,513

7261180.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

2,740

2,659

7261221.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

903

871

7261225.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

1,261

1,248

7261261.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

8,935

8,683

7261469.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

7,613

7,335

7261563.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

11,525

10,887

7261699.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

2,457

2,398

7261800.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

1,230

1,152

7261827.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

18,975

18,109

7262165.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

33,567

32,298

7262587.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

24,649

22,698

7262777.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

3,474

3,324

7262794.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

29,608

28,987

7263082.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

6,228

5,993

7263122.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

9,529

9,090

7263363.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

4,285

3,570

7263379.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

14,342

11,157

7264074.SQ.FTS.B

,

Zero

Cpn

,

5/28/25

...

83

82

7264211.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

5,987

5,445

7264350.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

2,970

2,881

7264473.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

1,330

1,290

7264586.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

1,588

1,478

7264599.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

373

355

7264605.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

1,635

1,592

7264627.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

1,305

1,255

7264654.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

21,807

20,378

7265326.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

7,586

7,413

7265483.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

2,081

2,028

7265503.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

1,283

1,230

7265512.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

4,919

4,766

7265686.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

858

838

7265696.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

2,916

2,834

7265763.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

4,066

3,878

7265824.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

4,082

3,927

7265852.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

366

359

7265858.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

10,661

8,950

7265959.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

1,753

1,736

7266020.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

672

644

7266031.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

41,279

39,127

7266451.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

25,962

21,632

7266769.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

2,507

2,431

7266801.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

21,002

19,567

7267074.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

4,949

4,089

7267120.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

3,794

3,683

7267209.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

2,128

1,932

7267243.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

1,032

889

7267254.SQ.FTS.B

,

Zero

Cpn

,

5/29/25

...

12,209

11,963

7269890.SQ.FTS.B

,

Zero

Cpn

,

5/30/25

...

821

796

7269934.SQ.FTS.B

,

Zero

Cpn

,

5/30/25

...

10,455

7,459

7270073.SQ.FTS.B

,

Zero

Cpn

,

5/30/25

...

53,173

50,288

7271678.SQ.FTS.B

,

Zero

Cpn

,

5/30/25

...

7,528

7,287

7271826.SQ.FTS.B

,

Zero

Cpn

,

5/30/25

...

70,637

64,645

7273042.SQ.FTS.B

,

Zero

Cpn

,

5/30/25

...

3,349

3,232

7273080.SQ.FTS.B

,

Zero

Cpn

,

5/30/25

...

11,031

10,125

7273316.SQ.FTS.B

,

Zero

Cpn

,

5/30/25

...

14,525

10,643

7273451.SQ.FTS.B

,

Zero

Cpn

,

5/30/25

...

5,126

4,932

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7273512.SQ.FTS.B

,

Zero

Cpn

,

5/30/25

...

$

16,918

$

16,370

7273775.SQ.FTS.B

,

Zero

Cpn

,

5/30/25

...

11,503

11,124

7273860.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

1,295

1,252

7273927.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

7,020

6,843

7274043.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

717

705

7274066.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

2,525

2,473

7274153.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

20,453

15,171

7274499.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

9,001

8,578

7274775.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

2,772

2,683

7274826.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

4,594

4,222

7274922.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

8,926

8,632

7275094.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

4,551

4,402

7275180.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

1,579

1,558

7275252.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

61,901

59,471

7276219.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

6,012

5,817

7276376.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

14,166

13,049

7276626.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

692

630

7276627.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

3,484

3,395

7276670.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

3,448

3,320

7276733.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

1,436

1,342

7276776.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

3,022

2,889

7276836.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

9,864

8,949

7276980.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

18,659

17,915

7277292.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

7,611

7,120

7277395.SQ.FTS.B

,

Zero

Cpn

,

6/01/25

...

16,653

16,203

7277477.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

6,229

5,006

7277543.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

389

370

7277572.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

4,781

4,597

7277620.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

2,688

2,516

7277669.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

15,248

12,727

7277834.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

2,104

2,033

7277890.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

6,729

6,584

7278058.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

982

956

7278072.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

4,701

4,519

7278160.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

68

68

7278180.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

5,140

4,528

7278233.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

4,179

3,122

7278304.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

5,861

5,524

7278375.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

3,011

2,919

7278413.SQ.FTS.B

,

Zero

Cpn

,

6/02/25

...

13,721

13,385

7278599.SQ.FTS.B

,

Zero

Cpn

,

6/03/25

...

2,687

2,344

7278646.SQ.FTS.B

,

Zero

Cpn

,

6/03/25

...

1,231

1,115

7278658.SQ.FTS.B

,

Zero

Cpn

,

6/03/25

...

5,289

5,136

7278741.SQ.FTS.B

,

Zero

Cpn

,

6/03/25

...

3,159

3,073

7278796.SQ.FTS.B

,

Zero

Cpn

,

6/03/25

...

3,037

2,911

7278834.SQ.FTS.B

,

Zero

Cpn

,

6/03/25

...

10,040

9,546

7278984.SQ.FTS.B

,

Zero

Cpn

,

6/03/25

...

2,644

2,328

7279011.SQ.FTS.B

,

Zero

Cpn

,

6/03/25

...

4,303

4,185

7279099.SQ.FTS.B

,

Zero

Cpn

,

6/03/25

...

23,896

22,026

7279513.SQ.FTS.B

,

Zero

Cpn

,

6/03/25

...

16,596

15,976

7280169.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

2,301

2,206

7280289.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

877

853

7280329.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

512

496

7280347.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

790

780

7280387.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

30,729

29,541

7281239.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

1,858

1,780

7281310.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

4,157

4,004

7281438.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

8,401

8,176

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

47

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7281625.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

$

945

$

923

7281653.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

3,791

3,670

7281741.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

5,663

5,566

7281920.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

1,540

1,155

7281953.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

30,654

29,915

7282433.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

11,720

9,228

7282611.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

1,145

1,133

7282654.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

3,173

3,062

7282696.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

1,236

683

7282706.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

5,145

5,053

7282799.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

1,225

1,189

7282828.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

558

544

7282838.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

2,254

2,119

7282955.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

1,387

1,364

7283003.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

2,488

1,955

7283021.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

1,893

1,804

7283031.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

6,625

6,518

7283171.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

10,145

9,531

7283394.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

6,220

6,111

7283556.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

2,279

2,148

7283615.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

7,768

7,559

7283768.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

6,822

6,591

7283902.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

2,014

1,789

7283927.SQ.FTS.B

,

Zero

Cpn

,

6/04/25

...

3,259

3,145

7284040.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

1,716

1,609

7284080.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

47,679

46,014

7284932.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

1,729

1,706

7285035.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

880

713

7285051.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

1,910

1,195

7285133.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

8,998

8,897

7285475.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

26,205

25,222

7285996.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

55,032

52,414

7286697.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

44,242

42,019

7287198.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

8,439

8,028

7287295.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

11,855

11,331

7287609.SQ.FTS.B

,

Zero

Cpn

,

6/05/25

...

19,184

18,537

7287781.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

2,129

2,022

7287841.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

1,393

1,346

7288066.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

1,887

1,830

7288186.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

2,851

2,735

7288271.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

10,793

10,420

7288578.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

4,925

4,711

7288709.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

24,728

23,826

7289247.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

2,983

2,904

7289286.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

8,096

7,690

7289364.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

6,058

5,708

7289457.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

7,237

6,984

7289563.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

654

639

7289576.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

4,546

4,343

7289627.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

2,781

2,687

7289643.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

114

113

7289645.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

22,055

21,489

7289856.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

6,394

6,146

7289900.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

1,691

1,588

7289918.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

4,687

4,568

7289995.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

1,957

1,927

7290026.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

12,291

7,995

7290221.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

719

704

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7290253.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

$

1,278

$

1,256

7290349.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

8,985

8,616

7290513.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

1,928

1,839

7290537.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

1,491

1,464

7290561.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

32,754

31,636

7290981.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

1,889

1,810

7291004.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

1,110

1,088

7291015.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

4,381

4,215

7291079.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

3,347

3,226

7291136.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

1,259

1,224

7291242.SQ.FTS.B

,

Zero

Cpn

,

6/06/25

...

10,488

10,338

7293665.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

3,455

3,378

7293850.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

4,341

3,662

7293947.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

17,255

16,376

7294308.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

3,155

3,082

7294458.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

204

200

7294462.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

422

410

7294497.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

3,332

3,206

7294605.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

13,072

12,560

7294934.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

4,569

4,429

7295082.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

8,194

7,650

7295255.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

16,750

15,683

7295581.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

4,877

4,687

7295652.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

5,038

4,955

7295721.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

17,816

17,125

7296051.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

4,899

4,669

7296102.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

5,254

5,099

7296180.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

5,155

3,459

7296248.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

1,011

806

7296255.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

1,567

1,490

7296387.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

18,610

15,612

7296706.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

1,821

1,629

7296734.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

7,975

7,548

7296850.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

50,558

48,169

7297503.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

4,719

4,576

7297685.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

2,948

2,860

7297748.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

7,475

6,409

7297882.SQ.FTS.B

,

Zero

Cpn

,

6/07/25

...

28,547

27,440

7297967.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

8,372

7,648

7298128.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

3,113

3,012

7298217.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

2,766

2,391

7298307.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

821

813

7298379.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

16,693

15,702

7298884.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

1,250

1,202

7298946.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

1,999

1,920

7299033.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

2,866

2,793

7299120.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

5,706

5,009

7299193.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

4,029

3,877

7299245.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

3,706

1,170

7299309.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

14,696

13,011

7299554.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

1,633

1,581

7299610.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

2,903

2,806

7299619.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

6,206

5,634

7299686.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

395

392

7299704.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

5,762

5,623

7299804.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

64,914

62,422

7300533.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

6,078

5,420

7300605.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

2,665

2,099

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

48

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7300619.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

$

527

$

514

7300638.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

14,445

13,373

7300855.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

1,476

1,176

7300878.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

2,666

2,250

7300923.SQ.FTS.B

,

Zero

Cpn

,

6/08/25

...

49,469

47,757

7301564.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

22,524

21,696

7301783.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

8,404

7,837

7301900.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

7,778

5,860

7301970.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

1,508

1,469

7301997.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

2,169

2,120

7302029.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

5,068

4,759

7302186.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

1,118

850

7302209.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

11,573

11,196

7302385.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

5,008

3,832

7302444.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

602

591

7302458.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

1,435

1,370

7302477.SQ.FTS.B

,

Zero

Cpn

,

6/09/25

...

17,079

16,335

7302660.SQ.FTS.B

,

Zero

Cpn

,

6/10/25

...

1,696

1,033

7302672.SQ.FTS.B

,

Zero

Cpn

,

6/10/25

...

1,043

1,004

7302700.SQ.FTS.B

,

Zero

Cpn

,

6/10/25

...

12,280

11,792

7302833.SQ.FTS.B

,

Zero

Cpn

,

6/10/25

...

3,649

3,594

7303400.SQ.FTS.B

,

Zero

Cpn

,

6/10/25

...

4,929

4,485

7303517.SQ.FTS.B

,

Zero

Cpn

,

6/10/25

...

28,260

27,180

7304704.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

3,060

2,899

7304890.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

4,034

3,844

7305010.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

3,380

3,122

7305144.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

1,280

1,225

7305225.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

1,216

1,150

7305246.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

12,899

12,371

7305517.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

7,807

7,496

7305721.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

1,543

1,464

7305792.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

15,620

15,254

7306112.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

37,489

36,306

7306825.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

10,387

9,998

7306973.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

9,821

9,389

7307129.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

55,201

50,477

7308001.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

879

841

7308015.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

1,353

1,313

7308052.SQ.FTS.B

,

Zero

Cpn

,

6/11/25

...

5,295

5,237

7308090.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

6,985

6,915

7308470.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

816

798

7308476.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

6,501

6,271

7308523.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

12,551

11,713

7308751.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

7,041

5,888

7308915.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

13,611

13,154

7309335.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

1,400

1,309

7309369.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

6,264

6,042

7309564.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

1,489

1,419

7309596.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

12,132

10,203

7309774.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

1,467

1,450

7309806.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

409

394

7309810.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

23,195

20,752

7312978.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

8,715

8,556

7313105.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

11,304

10,947

7313224.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

5,389

4,148

7313455.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

8,280

8,069

7313548.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

32,284

26,939

7313826.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

4,704

4,527

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7313889.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

$

1,391

$

1,297

7313901.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

7,873

7,488

7313982.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

8,181

7,869

7314067.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

4,528

4,430

7314149.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

10,018

9,376

7314251.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

2,054

1,626

7314271.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

388

379

7314281.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

11,557

11,145

7314451.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

1,186

1,160

7314489.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

4,407

4,230

7314537.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

1,423

1,402

7314567.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

344

328

7314568.SQ.FTS.B

,

Zero

Cpn

,

6/12/25

...

6,762

5,574

7314660.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

32,447

31,281

7315208.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

542

525

7315216.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

1,253

1,238

7315244.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

5,571

5,484

7315485.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

2,447

1,962

7315515.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

455

447

7315526.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

2,021

1,960

7315642.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

3,997

3,890

7315726.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

17,849

17,445

7316050.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

4,217

3,850

7316093.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

965

935

7316119.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

16,069

15,463

7316306.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

2,891

2,756

7316351.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

1,163

1,124

7316373.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

8,055

7,711

7316512.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

14,414

13,853

7316680.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

3,353

3,210

7316695.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

2,476

2,295

7316709.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

6,786

6,546

7316762.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

14,616

14,270

7316921.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

2,103

2,070

7316956.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

36,321

34,949

7317351.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

22,129

21,596

7317674.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

10,409

8,285

7317765.SQ.FTS.B

,

Zero

Cpn

,

6/13/25

...

15,376

15,142

7320335.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

2,385

2,282

7320409.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

968

947

7320420.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

7,120

6,183

7320553.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

5,066

4,929

7320673.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

1,615

1,490

7320697.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

5,252

4,996

7320914.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

2,138

2,023

7320968.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

12,748

9,819

7321205.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

463

150

7321218.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

1,727

1,677

7321278.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

5,453

5,357

7321429.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

1,999

1,823

7321547.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

5,571

5,440

7321710.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

4,755

4,617

7321799.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

5,677

5,438

7321914.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

876

841

7321925.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

9,446

9,131

7322111.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

4,355

4,159

7322155.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

6,879

6,630

7322242.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

680

667

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

49

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7322262.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

$

32,393

$

31,138

7322717.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

8,497

6,628

7322841.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

20,360

19,351

7323055.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

4,569

4,482

7323201.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

1,226

1,185

7323239.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

66,981

64,317

7324137.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

2,043

1,693

7324163.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

1,191

1,176

7324281.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

6,465

6,216

7324359.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

2,619

2,487

7324384.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

841

703

7324392.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

10,062

9,526

7324452.SQ.FTS.B

,

Zero

Cpn

,

6/14/25

...

6,288

6,200

7324502.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

1,446

1,335

7324551.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

4,323

4,169

7324725.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

4,908

4,758

7324812.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

770

707

7324820.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

954

886

7324843.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

1,708

1,379

7324922.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

4,668

4,587

7325072.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

560

551

7325082.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

3,937

3,855

7325167.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

9,751

8,959

7325445.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

4,378

4,191

7325583.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

803

776

7325592.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

935

908

7325664.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

67,912

65,817

7326549.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

2,827

2,171

7326597.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

2,361

2,051

7326679.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

7,862

7,608

7326835.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

2,227

2,159

7326850.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

572

543

7326855.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

556

538

7326872.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

2,005

1,931

7326882.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

6,615

6,429

7326989.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

570

564

7327003.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

1,757

1,713

7327121.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

2,189

2,146

7327192.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

25,809

24,507

7327611.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

3,000

2,837

7327641.SQ.FTS.B

,

Zero

Cpn

,

6/15/25

...

42,375

38,704

7328067.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

14,257

13,479

7328306.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

2,643

2,573

7328378.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

1,673

1,629

7328416.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

2,290

2,225

7328457.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

3,845

3,708

7328518.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

1,664

1,624

7328581.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

8,197

7,986

7328717.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

1,571

1,412

7328739.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

4,675

4,435

7328800.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

1,433

1,408

7328848.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

8,396

8,119

7329000.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

1,467

1,422

7329042.SQ.FTS.B

,

Zero

Cpn

,

6/16/25

...

3,975

3,779

7329113.SQ.FTS.B

,

Zero

Cpn

,

6/17/25

...

18,755

18,158

7329424.SQ.FTS.B

,

Zero

Cpn

,

6/17/25

...

3,113

3,075

7329506.SQ.FTS.B

,

Zero

Cpn

,

6/17/25

...

4,395

4,236

7329592.SQ.FTS.B

,

Zero

Cpn

,

6/17/25

...

10,189

9,385

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7329776.SQ.FTS.B

,

Zero

Cpn

,

6/17/25

...

$

775

$

727

7329815.SQ.FTS.B

,

Zero

Cpn

,

6/17/25

...

1,760

1,671

7329845.SQ.FTS.B

,

Zero

Cpn

,

6/17/25

...

2,109

2,054

7329893.SQ.FTS.B

,

Zero

Cpn

,

6/17/25

...

8,561

8,253

7330370.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

1,989

1,900

7330406.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

15,705

14,791

7330811.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

4,190

3,413

7331075.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

1,976

1,902

7331186.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

7,891

7,235

7331471.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

17,865

17,381

7331944.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

8,559

8,184

7332139.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

2,386

2,304

7332206.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

13,357

11,835

7332437.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

610

577

7332453.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

12,382

11,831

7332607.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

8,322

7,242

7332756.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

8,721

8,515

7332910.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

3,275

3,172

7332960.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

634

619

7333017.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

4,161

3,547

7333068.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

730

718

7333147.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

5,067

3,431

7333309.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

15,873

15,267

7333631.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

5,649

5,388

7333735.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

3,864

3,016

7333807.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

2,051

2,000

7333857.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

921

897

7334033.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

560

331

7334051.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

1,119

1,076

7334073.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

6,588

6,129

7334213.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

2,715

1,417

7334262.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

7,169

5,087

7334377.SQ.FTS.B

,

Zero

Cpn

,

6/18/25

...

7,539

6,063

7334461.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

671

648

7334475.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

1,257

1,202

7334504.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

5,990

5,802

7334601.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

13,247

12,987

7334840.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

1,185

1,118

7334849.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

8,603

8,111

7334964.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

20,766

20,118

7335358.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

509

450

7335374.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

560

547

7335435.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

9,729

9,313

7335700.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

21,677

18,341

7335969.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

5,089

4,881

7336005.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

1,567

1,499

7336025.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

41,696

39,622

7336392.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

1,880

1,523

7336417.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

6,515

6,247

7336480.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

3,780

3,603

7336523.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

33,886

32,240

7336762.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

14,365

13,379

7336871.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

7,415

7,163

7336933.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

1,970

1,913

7336953.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

3,348

3,250

7337001.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

14,579

11,962

7337094.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

3,003

2,861

7337139.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

18,016

17,004

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

50

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7337369.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

$

3,447

$

3,365

7337427.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

3,156

3,081

7337485.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

14,021

13,522

7337996.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

5,083

4,875

7338102.SQ.FTS.B

,

Zero

Cpn

,

6/19/25

...

3,136

2,961

7338342.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

16,958

16,291

7338653.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

1,288

1,233

7338672.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

5,022

4,706

7338749.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

6,284

6,021

7338810.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

5,160

4,779

7338952.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

5,331

5,139

7339003.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

1,108

1,020

7339028.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

3,560

3,422

7339082.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

10,930

10,519

7339254.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

10,471

9,871

7339492.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

12,711

12,358

7339691.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

3,835

3,094

7339721.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

10,642

10,089

7339838.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

2,619

1,649

7339850.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

2,353

2,281

7339881.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

11,725

11,277

7340009.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

7,482

7,276

7340087.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

6,310

6,125

7340124.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

7,093

6,576

7340145.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

35,149

33,149

7340393.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

2,120

1,941

7340398.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

2,260

2,175

7340423.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

3,555

3,451

7340449.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

3,651

3,460

7340466.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

6,487

4,469

7340489.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

60,377

51,908

7340854.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

3,658

3,498

7340973.SQ.FTS.B

,

Zero

Cpn

,

6/20/25

...

1,561

1,458

7344549.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

1,608

1,549

7344567.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

352

349

7344580.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

4,018

2,932

7344615.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

2,169

2,103

7344629.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

5,467

4,571

7344686.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

826

785

7344704.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

2,148

2,057

7344741.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

18,414

17,733

7344983.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

1,347

1,294

7345050.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

584

571

7345056.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

6,822

6,284

7345151.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

10,061

9,600

7345363.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

1,581

1,543

7345399.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

75,524

73,540

7346272.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

10,174

8,898

7346362.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

28,335

27,193

7346697.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

1,906

1,752

7346755.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

4,771

4,617

7346837.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

14,152

12,357

7347026.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

7,815

7,430

7347179.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

7,133

6,881

7347295.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

34,286

28,285

7347563.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

1,674

1,643

7347578.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

2,686

2,502

7347606.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

3,788

3,632

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7347636.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

$

2,389

$

2,329

7347654.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

7,452

7,284

7347931.SQ.FTS.B

,

Zero

Cpn

,

6/21/25

...

248

246

7348182.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

15,630

12,094

7348288.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

2,505

2,289

7348347.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

5,470

5,217

7348443.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

1,235

1,226

7348503.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

22,176

21,637

7348795.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

8,401

8,013

7348922.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

75,155

68,798

7350116.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

10,819

8,034

7350255.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

3,555

3,430

7350290.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

3,441

3,300

7350364.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

5,392

3,571

7350640.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

3,084

3,010

7350697.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

7,851

4,962

7350774.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

6,641

6,391

7350920.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

6,011

5,772

7351036.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

3,069

1,941

7351088.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

5,105

4,910

7351140.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

3,215

3,058

7351157.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

1,872

1,380

7351184.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

5,628

4,520

7351260.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

897

857

7351274.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

6,536

6,052

7351341.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

4,472

4,249

7351399.SQ.FTS.B

,

Zero

Cpn

,

6/22/25

...

11,609

11,131

7351564.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

3,490

3,269

7351601.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

7,271

7,127

7351708.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

10,578

9,068

7351791.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

14,099

13,310

7351897.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

979

925

7351905.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

1,542

1,494

7351915.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

7,529

6,938

7351978.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

3,627

3,561

7352037.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

2,484

1,818

7352056.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

6,889

6,207

7352111.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

9,489

8,439

7352155.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

2,054

2,018

7352176.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

2,180

2,117

7352195.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

11,813

11,307

7352296.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

1,628

1,364

7352326.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

7,151

5,943

7352380.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

16,336

14,359

7352455.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

1,747

1,653

7352468.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

2,042

1,878

7352486.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

2,188

2,080

7352513.SQ.FTS.B

,

Zero

Cpn

,

6/23/25

...

8,090

7,711

7352575.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

8,109

7,811

7352627.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

3,095

3,006

7352642.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

4,035

3,854

7352670.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

6,277

6,172

7352747.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

1,427

1,162

7352759.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

4,441

2,840

7352786.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

2,034

1,988

7352831.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

1,430

1,374

7352845.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

5,271

5,038

7352905.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

13,524

13,028

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

51

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7353022.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

$

11,410

$

10,787

7353092.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

10,598

10,086

7353177.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

5,745

5,538

7353232.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

777

740

7353242.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

821

779

7353249.SQ.FTS.B

,

Zero

Cpn

,

6/24/25

...

13,903

13,140

7353370.SQ.FTS.B

,

Zero

Cpn

,

6/25/25

...

2,929

2,883

7353428.SQ.FTS.B

,

Zero

Cpn

,

6/25/25

...

15,321

14,727

7353552.SQ.FTS.B

,

Zero

Cpn

,

6/25/25

...

2,507

2,427

7353579.SQ.FTS.B

,

Zero

Cpn

,

6/25/25

...

6,223

6,102

7353627.SQ.FTS.B

,

Zero

Cpn

,

6/25/25

...

52,363

38,872

7353851.SQ.FTS.B

,

Zero

Cpn

,

6/25/25

...

10,924

10,472

7354687.SQ.FTS.B

,

Zero

Cpn

,

6/26/25

...

376

366

7358633.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

15,670

15,164

7358870.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

2,823

2,390

7358914.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

2,111

2,027

7358952.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

1,684

1,633

7358977.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

16,409

15,788

7359218.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

9,893

9,457

7359404.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

7,117

6,902

7359559.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

8,863

8,455

7359649.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

1,375

1,344

7359659.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

17,261

16,435

7359919.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

25,085

24,087

7360088.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

1,320

1,211

7360099.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

12,712

12,276

7360160.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

2,391

2,296

7360168.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

1,051

996

7360177.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

4,638

4,436

7360202.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

8,658

8,284

7360250.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

2,728

2,651

7360259.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

11,979

11,314

7360325.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

2,709

2,675

7360349.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

6,466

6,151

7360393.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

4,865

4,746

7360443.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

1,623

1,548

7360447.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

4,755

4,506

7360483.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

3,062

2,937

7360513.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

2,919

2,778

7360537.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

3,565

2,800

7360581.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

4,696

4,484

7360620.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

5,178

5,057

7360663.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

1,411

1,357

7360676.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

14,462

13,304

7360771.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

1,042

1,028

7360776.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

1,939

1,836

7360784.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

8,337

6,949

7360830.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

1,549

1,528

7360842.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

1,757

1,392

7360866.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

28,623

27,446

7361225.SQ.FTS.B

,

Zero

Cpn

,

6/27/25

...

2,023

1,572

7363992.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

393

375

7364007.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

2,546

2,462

7364054.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

5,618

5,429

7364138.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

54,136

50,690

7365030.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

2,132

2,070

7365079.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

23,020

21,975

7365448.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

12,952

12,510

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7365655.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

$

9,538

$

9,184

7365801.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

5,403

5,189

7365864.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

2,081

1,990

7365900.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

6,915

6,702

7366079.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

7,470

7,178

7366174.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

5,122

4,926

7366259.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

5,660

5,437

7366288.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

4,540

4,157

7366349.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

9,132

8,867

7366524.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

4,035

3,875

7366558.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

6,776

6,523

7366661.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

267

260

7366671.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

2,246

2,184

7366776.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

13,574

13,107

7367152.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

2,364

2,217

7367171.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

1,765

1,717

7367223.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

9,939

9,518

7367366.SQ.FTS.B

,

Zero

Cpn

,

6/28/25

...

11,658

9,977

7367432.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

16,108

14,792

7367659.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

1,448

1,355

7367705.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

2,215

2,128

7367762.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

23,934

22,930

7368354.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

7,754

7,444

7368564.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

7,789

7,532

7368870.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

12,929

12,462

7369290.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

6,856

6,548

7369465.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

4,789

4,620

7369572.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

31,916

29,307

7370214.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

4,343

4,161

7370291.SQ.FTS.B

,

Zero

Cpn

,

6/29/25

...

5,907

5,705

7370373.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

2,055

1,990

7370405.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

5,666

5,419

7370455.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

1,427

1,256

7370465.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

8,272

7,942

7370532.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

8,954

8,597

7370621.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

1,955

1,791

7370648.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

4,729

4,515

7370693.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

349

328

7370697.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

2,468

2,390

7370729.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

654

632

7370739.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

4,643

3,871

7370768.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

12,967

12,457

7370892.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

1,020

906

7370899.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

5,703

5,417

7370967.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

9,147

8,756

7371049.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

5,896

5,688

7371124.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

4,017

3,878

7371307.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

6,822

6,525

7371386.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

3,528

3,336

7371431.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

2,042

1,960

7371456.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

4,091

3,950

7371512.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

9,801

9,409

7371613.SQ.FTS.B

,

Zero

Cpn

,

6/30/25

...

19,486

18,643

7371890.SQ.FTS.B

,

Zero

Cpn

,

7/01/25

...

10,022

9,387

7371988.SQ.FTS.B

,

Zero

Cpn

,

7/01/25

...

2,961

2,821

7372044.SQ.FTS.B

,

Zero

Cpn

,

7/01/25

...

10,117

9,719

7372182.SQ.FTS.B

,

Zero

Cpn

,

7/01/25

...

12,695

12,218

7372332.SQ.FTS.B

,

Zero

Cpn

,

7/01/25

...

11,663

10,006

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

52

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7372423.SQ.FTS.B

,

Zero

Cpn

,

7/01/25

...

$

5,291

$

5,067

7372484.SQ.FTS.B

,

Zero

Cpn

,

7/01/25

...

8,526

5,910

7372822.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

2,409

2,125

7372838.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

4,754

4,643

7372992.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

4,453

4,309

7373292.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

2,604

2,491

7373412.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

1,789

1,729

7373513.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

812

714

7373530.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

1,219

1,160

7373560.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

2,829

2,725

7373647.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

7,287

7,005

7373755.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

6,653

6,317

7373846.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

19,699

17,375

7374101.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

3,021

2,900

7374146.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

1,881

1,796

7374161.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

4,178

4,024

7374247.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

2,461

2,171

7374262.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

3,151

3,046

7374339.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

2,491

2,333

7374361.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

10,981

10,516

7374542.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

6,062

5,820

7374583.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

42,474

40,473

7375025.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

43,099

41,314

7375601.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

6,087

5,857

7375657.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

1,261

1,215

7375693.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

3,707

3,598

7375784.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

1,173

1,106

7375791.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

9,719

9,393

7375947.SQ.FTS.B

,

Zero

Cpn

,

7/02/25

...

9,116

8,660

7376000.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

1,102

904

7376026.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

1,174

1,127

7376042.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

12,499

12,023

7376143.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

10,480

8,069

7376273.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

814

789

7376296.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

1,521

1,171

7376298.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

17,665

16,901

7376535.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

3,648

3,533

7376667.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

17,823

16,202

7377072.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

75,132

71,834

7377780.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

39,278

36,135

7377986.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

1,516

1,409

7377995.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

797

772

7378006.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

4,532

4,366

7378053.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

49,028

47,334

7378927.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

8,296

7,963

7379018.SQ.FTS.B

,

Zero

Cpn

,

7/03/25

...

20,393

19,643

7380844.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

1,912

1,845

7380873.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

3,037

2,771

7380957.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

9,137

8,503

7381099.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

13,216

12,730

7381323.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

13,128

12,256

7381729.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

6,932

6,637

7381827.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

8,210

7,882

7381937.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

8,088

7,617

7382091.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

1,306

1,258

7382112.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

9,933

6,935

7382257.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

6,236

5,585

7382358.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

6,474

5,801

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7382456.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

$

2,336

$

2,249

7382494.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

3,053

2,961

7382579.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

1,974

1,544

7382692.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

1,824

1,750

7382730.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

7,133

6,874

7382823.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

46,994

44,918

7383515.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

3,053

2,944

7383593.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

5,206

4,790

7383790.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

2,408

2,311

7383845.SQ.FTS.B

,

Zero

Cpn

,

7/04/25

...

11,044

10,533

7384014.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

4,456

4,287

7384113.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

30,593

29,400

7384646.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

1,070

840

7384661.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

2,029

1,863

7384679.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

3,376

3,246

7384742.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

2,336

2,243

7384786.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

2,664

2,385

7384948.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

4,189

4,022

7385063.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

2,339

2,252

7385110.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

696

659

7385116.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

4,685

4,501

7385186.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

16,400

15,571

7385391.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

389

375

7385440.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

8,678

8,326

7385592.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

2,695

2,216

7385638.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

9,398

9,063

7385769.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

7,178

6,900

7385816.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

1,340

1,244

7385838.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

15,032

14,502

7386099.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

1,314

1,191

7386109.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

25,914

24,216

7386401.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

881

851

7386423.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

1,956

1,773

7386480.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

18,338

17,603

7386731.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

9,262

8,868

7386885.SQ.FTS.B

,

Zero

Cpn

,

7/05/25

...

35,310

33,948

7386943.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

891

857

7386959.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

4,045

3,879

7387006.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

3,329

3,202

7387035.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

4,891

4,368

7387058.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

2,231

2,144

7387065.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

12,605

12,094

7387182.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

5,609

5,381

7387245.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

4,857

4,661

7387300.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

6,948

6,691

7387379.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

1,927

1,855

7387416.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

9,047

8,522

7387519.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

4,403

4,224

7387563.SQ.FTS.B

,

Zero

Cpn

,

7/06/25

...

14,806

14,204

7387746.SQ.FTS.B

,

Zero

Cpn

,

7/07/25

...

28,573

27,468

7388072.SQ.FTS.B

,

Zero

Cpn

,

7/07/25

...

3,240

3,129

7388123.SQ.FTS.B

,

Zero

Cpn

,

7/07/25

...

10,032

9,524

7388224.SQ.FTS.B

,

Zero

Cpn

,

7/07/25

...

544

525

7388235.SQ.FTS.B

,

Zero

Cpn

,

7/07/25

...

2,763

2,643

7388280.SQ.FTS.B

,

Zero

Cpn

,

7/07/25

...

1,371

1,322

7388297.SQ.FTS.B

,

Zero

Cpn

,

7/07/25

...

10,816

10,297

7388629.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

2,705

2,581

7388701.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

1,997

1,925

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

53

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7389058.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

$

6,101

$

5,864

7389359.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

12,170

11,708

7389600.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

4,601

4,230

7389685.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

950

803

7389710.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

10,411

9,986

7389852.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

11,187

10,772

7389956.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

65,823

63,181

7390605.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

8,198

7,882

7390708.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

5,246

5,000

7390835.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

43,718

41,915

7391426.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

1,391

1,345

7391456.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

6,875

6,550

7391530.SQ.FTS.B

,

Zero

Cpn

,

7/08/25

...

60,559

58,095

7391600.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

3,264

3,078

7391680.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

16,528

15,905

7391956.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

3,456

3,314

7392040.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

3,686

3,508

7392113.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

188

183

7392121.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

437

421

7392177.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

13,080

12,552

7392490.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

34,799

33,489

7393088.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

4,456

4,278

7393172.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

15,341

14,766

7393543.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

7,997

7,752

7393675.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

1,572

1,521

7393709.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

24,772

21,945

7393913.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

1,849

1,782

7393952.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

11,315

10,874

7394095.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

5,907

5,677

7394153.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

10,321

9,901

7394263.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

11,867

11,411

7394414.SQ.FTS.B

,

Zero

Cpn

,

7/09/25

...

7,731

7,483

7394545.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

11,681

11,263

7394733.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

65,836

63,359

7395845.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

15,304

14,749

7395982.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

2,947

2,825

7396015.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

4,710

4,566

7396059.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

9,032

8,643

7396125.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

4,096

3,933

7396175.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

13,796

13,183

7396297.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

3,691

3,552

7396410.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

4,799

4,569

7396500.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

4,543

4,351

7396559.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

1,970

1,917

7396669.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

7,446

6,340

7396710.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

29,554

27,698

7397061.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

727

698

7397069.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

2,659

2,511

7397133.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

2,128

2,046

7397193.SQ.FTS.B

,

Zero

Cpn

,

7/10/25

...

9,137

8,782

7400542.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

33,400

31,630

7400888.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

6,161

5,926

7401036.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

706

669

7401048.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

1,793

1,699

7401110.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

1,389

1,322

7401137.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

23,274

22,269

7401574.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

3,693

3,543

7401655.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

965

924

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7401673.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

$

1,771

$

1,630

7401694.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

9,225

8,853

7401793.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

490

476

7401816.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

2,028

1,921

7401851.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

16,150

15,005

7402066.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

1,058

1,022

7402089.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

13,015

12,476

7402323.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

2,948

2,840

7402395.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

2,235

2,101

7402452.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

1,548

1,485

7402477.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

17,863

16,974

7402894.SQ.FTS.B

,

Zero

Cpn

,

7/11/25

...

39,059

36,003

7403608.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

37,577

36,108

7404586.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

1,721

1,643

7404595.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

1,834

1,771

7404632.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

5,450

4,900

7404708.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

14,065

13,323

7404974.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

52,270

50,228

7405560.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

7,253

6,796

7405615.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

15,145

14,477

7405872.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

15,833

15,188

7406130.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

294

286

7406141.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

1,104

1,038

7406149.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

1,759

1,692

7406180.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

3,013

2,882

7406230.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

1,332

951

7406239.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

1,429

1,363

7406253.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

11,185

10,558

7406395.SQ.FTS.B

,

Zero

Cpn

,

7/12/25

...

8,247

7,867

7406488.SQ.FTS.B

,

Zero

Cpn

,

7/13/25

...

2,022

1,917

7406518.SQ.FTS.B

,

Zero

Cpn

,

7/13/25

...

13,192

12,652

7406599.SQ.FTS.B

,

Zero

Cpn

,

7/13/25

...

1,639

1,578

7406607.SQ.FTS.B

,

Zero

Cpn

,

7/13/25

...

7,853

7,517

7406657.SQ.FTS.B

,

Zero

Cpn

,

7/13/25

...

2,423

2,342

7406681.SQ.FTS.B

,

Zero

Cpn

,

7/13/25

...

2,725

2,573

7406700.SQ.FTS.B

,

Zero

Cpn

,

7/13/25

...

37,285

33,499

7407047.SQ.FTS.B

,

Zero

Cpn

,

7/13/25

...

10,031

9,635

7407161.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

2,922

2,803

7407193.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

8,821

8,449

7407279.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

6,428

6,198

7407343.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

4,706

4,518

7407418.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

1,190

1,148

7407431.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

577

548

7407439.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

4,699

4,504

7407483.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

2,214

2,122

7407499.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

7,833

7,428

7407572.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

2,483

2,335

7407596.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

997

940

7407616.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

1,423

1,379

7407638.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

3,891

3,727

7407678.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

1,834

1,649

7407699.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

9,809

9,421

7407795.SQ.FTS.B

,

Zero

Cpn

,

7/14/25

...

4,382

4,239

7407865.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

3,548

3,433

7407910.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

8,247

7,755

7408016.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

3,095

2,972

7408047.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

1,381

1,335

7408067.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

2,173

2,100

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

54

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7408104.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

$

3,601

$

3,449

7408141.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

20,621

19,822

7408339.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

2,396

2,311

7408357.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

3,639

3,495

7408381.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

1,155

1,116

7408406.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

14,825

12,333

7408504.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

2,356

2,275

7408531.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

1,204

1,155

7408577.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

2,760

2,550

7408604.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

1,795

1,723

7408626.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

910

878

7408646.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

1,579

1,514

7408662.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

2,672

2,568

7408698.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

3,691

3,570

7408748.SQ.FTS.B

,

Zero

Cpn

,

7/15/25

...

11,116

10,698

7408949.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

5,248

5,042

7409000.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

507

493

7409006.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

4,925

4,736

7409039.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

2,796

2,661

7409131.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

5,408

5,058

7409266.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

4,961

4,320

7409374.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

4,419

3,942

7409564.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

8,166

7,799

7409720.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

3,054

2,956

7409775.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

1,465

1,007

7409794.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

2,671

2,512

7409849.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

2,146

2,060

7409898.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

2,353

2,270

7409929.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

7,208

6,921

7410041.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

7,640

7,343

7410143.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

6,727

6,492

7410200.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

47,036

45,195

7410540.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

8,453

8,144

7410638.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

5,284

5,073

7410704.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

3,718

3,575

7410759.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

1,036

1,004

7410796.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

1,327

1,263

7410810.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

3,164

2,849

7410836.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

2,561

2,476

7410871.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

720

682

7410874.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

24,489

23,444

7411162.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

42,935

37,386

7411599.SQ.FTS.B

,

Zero

Cpn

,

7/16/25

...

637

615

7411669.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

712

692

7411720.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

15,893

13,858

7411909.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

1,932

1,833

7411944.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

10,824

9,262

7412170.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

11,130

10,657

7412396.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

2,828

2,703

7412520.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

4,451

4,282

7412635.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

27,026

26,035

7413017.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

1,039

999

7413039.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

763

713

7413044.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

1,968

1,892

7413131.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

2,851

2,748

7413167.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

16,403

15,745

7413326.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

15,693

15,052

7413440.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

3,550

3,454

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7413502.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

$

742

$

718

7413515.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

4,975

4,789

7413590.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

4,577

4,390

7413616.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

16,291

15,649

7413764.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

9,431

8,848

7413810.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

3,140

3,043

7413904.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

1,254

1,212

7413957.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

2,140

2,060

7413977.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

15,223

14,609

7414199.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

1,251

1,182

7414210.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

2,394

2,288

7414231.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

6,079

5,863

7414329.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

865

816

7414346.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

5,191

4,978

7414417.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

241

234

7414430.SQ.FTS.B

,

Zero

Cpn

,

7/17/25

...

1,346

1,303

7416129.SQ.FTS.B

,

Zero

Cpn

,

7/18/25

...

6,359

6,102

7416221.SQ.FTS.B

,

Zero

Cpn

,

7/18/25

...

98,109

92,034

7417784.SQ.FTS.B

,

Zero

Cpn

,

7/18/25

...

15,981

15,301

7417937.SQ.FTS.B

,

Zero

Cpn

,

7/18/25

...

33,073

31,690

7418278.SQ.FTS.B

,

Zero

Cpn

,

7/18/25

...

1,491

1,435

7418287.SQ.FTS.B

,

Zero

Cpn

,

7/18/25

...

54,429

52,152

7418984.SQ.FTS.B

,

Zero

Cpn

,

7/18/25

...

40,965

39,301

7419256.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

3,123

2,992

7419360.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

1,112

1,051

7419373.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

1,323

1,277

7419393.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

7,174

6,903

7419554.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

2,235

2,099

7419572.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

702

677

7419583.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

7,566

7,262

7419718.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

14,068

13,146

7420229.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

6,496

6,233

7420467.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

67,660

64,786

7421501.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

2,477

2,386

7421544.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

4,553

4,377

7421614.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

7,689

7,233

7421727.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

3,989

3,845

7421776.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

720

698

7421798.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

4,679

4,475

7421854.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

13,810

11,889

7421975.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

1,619

1,352

7421989.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

1,342

1,260

7422005.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

12,645

12,184

7422220.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

7,942

7,600

7422360.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

1,178

1,125

7422378.SQ.FTS.B

,

Zero

Cpn

,

7/19/25

...

148

143

7422451.SQ.FTS.B

,

Zero

Cpn

,

7/20/25

...

4,697

4,540

7422502.SQ.FTS.B

,

Zero

Cpn

,

7/20/25

...

9,382

9,002

7422581.SQ.FTS.B

,

Zero

Cpn

,

7/20/25

...

14,853

12,978

7422700.SQ.FTS.B

,

Zero

Cpn

,

7/20/25

...

1,330

930

7422707.SQ.FTS.B

,

Zero

Cpn

,

7/20/25

...

6,855

6,464

7422768.SQ.FTS.B

,

Zero

Cpn

,

7/20/25

...

2,124

2,038

7422790.SQ.FTS.B

,

Zero

Cpn

,

7/20/25

...

1,259

1,215

7422806.SQ.FTS.B

,

Zero

Cpn

,

7/20/25

...

15,686

14,989

7422969.SQ.FTS.B

,

Zero

Cpn

,

7/20/25

...

12,135

11,561

7423093.SQ.FTS.B

,

Zero

Cpn

,

7/20/25

...

23,054

22,198

7423352.SQ.FTS.B

,

Zero

Cpn

,

7/21/25

...

1,402

1,341

7423364.SQ.FTS.B

,

Zero

Cpn

,

7/21/25

...

5,514

5,097

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

55

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7423404.SQ.FTS.B

,

Zero

Cpn

,

7/21/25

...

$

7,383

$

7,074

7423460.SQ.FTS.B

,

Zero

Cpn

,

7/21/25

...

1,461

1,401

7423482.SQ.FTS.B

,

Zero

Cpn

,

7/21/25

...

15,666

13,527

7423629.SQ.FTS.B

,

Zero

Cpn

,

7/21/25

...

3,507

3,321

7423655.SQ.FTS.B

,

Zero

Cpn

,

7/21/25

...

3,782

3,581

7423697.SQ.FTS.B

,

Zero

Cpn

,

7/21/25

...

942

913

7423707.SQ.FTS.B

,

Zero

Cpn

,

7/21/25

...

24,109

22,968

7424445.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

10,595

10,157

7424768.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

2,461

2,350

7424891.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

14,063

13,543

7425352.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

625

604

7425388.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

26,582

25,502

7425708.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

5,720

5,011

7425766.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

9,137

8,004

7425843.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

2,849

2,757

7425885.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

1,882

1,625

7425900.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

23,994

22,944

7426260.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

5,043

4,837

7426320.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

60,211

57,638

7427089.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

7,153

6,800

7427185.SQ.FTS.B

,

Zero

Cpn

,

7/22/25

...

17,200

16,528

7427334.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

31,568

30,235

7427774.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

8,494

7,345

7427879.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

3,360

3,191

7427961.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

29,894

28,757

7428792.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

168

159

7428806.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

2,723

2,609

7428868.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

5,168

4,962

7428973.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

1,848

1,785

7429021.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

24,918

23,736

7429319.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

11,157

10,318

7429417.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

1,501

1,443

7429509.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

1,804

1,727

7429522.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

2,968

2,821

7429562.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

5,036

4,822

7429619.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

3,509

3,246

7429648.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

7,445

7,171

7429709.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

6,086

5,887

7429812.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

3,794

3,633

7429848.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

3,515

3,362

7429886.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

7,652

7,324

7429965.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

6,458

6,181

7430038.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

1,847

1,781

7430058.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

1,526

1,459

7430073.SQ.FTS.B

,

Zero

Cpn

,

7/23/25

...

63,780

61,154

7430513.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

8,451

8,100

7430602.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

3,702

3,537

7430668.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

11,466

10,484

7430745.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

8,216

7,780

7430864.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

8,553

7,730

7430975.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

2,864

2,755

7431084.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

1,130

1,069

7431118.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

19,143

18,409

7431688.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

29,747

28,428

7432009.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

25,496

22,359

7432390.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

3,123

2,899

7432419.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

3,744

3,619

7432439.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

2,858

2,748

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7432466.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

$

2,649

$

2,524

7432484.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

2,522

2,328

7432560.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

2,007

1,924

7432577.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

2,234

2,154

7432610.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

8,864

8,395

7432673.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

8,786

8,397

7432770.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

40,257

38,636

7433437.SQ.FTS.B

,

Zero

Cpn

,

7/24/25

...

4,065

3,928

7435525.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

1,896

1,830

7435616.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

1,449

1,388

7435622.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

7,196

6,895

7435817.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

2,950

2,803

7435861.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

2,765

2,615

7435900.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

4,314

4,125

7436032.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

18,977

18,067

7436625.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

5,873

5,611

7436778.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

16,820

16,099

7437154.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

7,320

7,011

7437340.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

838

808

7437520.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

2,050

1,962

7437567.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

17,767

16,993

7437806.SQ.FTS.B

,

Zero

Cpn

,

7/25/25

...

64,053

61,445

7438907.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

17,406

16,568

7439191.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

6,237

6,064

7439471.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

31,371

29,788

7440288.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

43,852

42,087

7440846.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

3,300

3,151

7440876.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

970

932

7440932.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

4,801

4,574

7440981.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

5,543

5,317

7441069.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

24,503

21,275

7441497.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

5,181

4,931

7441618.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

1,456

1,044

7441641.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

2,956

2,831

7441666.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

28,598

26,948

7441991.SQ.FTS.B

,

Zero

Cpn

,

7/26/25

...

11,330

10,786

7442099.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

6,126

5,794

7442145.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

1,755

1,684

7442159.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

523

507

7442173.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

7,843

7,452

7442213.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

11,063

10,465

7442322.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

9,798

9,397

7442431.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

359

346

7442438.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

3,265

3,126

7442471.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

4,655

4,432

7442518.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

1,353

1,305

7442536.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

3,004

2,842

7442556.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

9,467

9,067

7442665.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

9,996

9,576

7442759.SQ.FTS.B

,

Zero

Cpn

,

7/27/25

...

16,756

16,140

7442943.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

2,627

2,522

7442975.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

1,887

1,816

7442997.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

3,874

3,710

7443028.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

11,254

10,782

7443134.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

9,492

9,095

7443230.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

6,008

5,764

7443290.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

1,726

1,670

7443312.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

3,213

3,091

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

56

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7443364.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

$

5,796

$

5,560

7443404.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

1,118

1,075

7443423.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

7,025

6,719

7443490.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

3,719

3,531

7443527.SQ.FTS.B

,

Zero

Cpn

,

7/28/25

...

9,489

8,908

7444100.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

13,360

12,762

7444321.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

3,910

3,735

7444561.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

938

900

7444605.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

909

874

7444631.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

4,766

4,588

7444795.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

1,996

1,912

7444909.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

10,013

9,657

7445353.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

5,315

5,096

7445541.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

29,525

27,827

7445919.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

51,128

49,021

7446381.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

45,184

43,260

7446807.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

15,696

15,111

7446943.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

3,891

3,728

7447042.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

9,310

8,929

7447146.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

9,895

9,508

7447347.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

13,907

12,997

7447478.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

1,075

1,023

7447491.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

7,226

6,948

7447534.SQ.FTS.B

,

Zero

Cpn

,

7/29/25

...

36,076

34,669

7447729.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

5,903

5,646

7447812.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

4,397

4,224

7447880.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

527

508

7447890.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

1,837

1,762

7447921.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

10,666

10,096

7448086.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

10,301

9,739

7448294.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

5,431

5,237

7448488.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

1,607

1,509

7448521.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

1,905

1,826

7448578.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

1,950

1,857

7448609.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

1,315

1,115

7448650.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

2,514

2,417

7448744.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

1,861

1,788

7448821.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

20,369

19,457

7449234.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

7,320

7,018

7449300.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

5,499

5,264

7449355.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

3,487

3,322

7449410.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

26,459

25,368

7449648.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

24,118

23,098

7449850.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

1,651

1,593

7449881.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

47,690

44,773

7450359.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

4,570

4,302

7450427.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

17,654

16,875

7450699.SQ.FTS.B

,

Zero

Cpn

,

7/30/25

...

6,826

6,490

7451103.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

26,181

25,023

7451552.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

2,802

2,675

7451621.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

1,448

1,389

7451686.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

1,164

1,108

7451728.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

4,054

3,534

7451810.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

1,780

1,705

7451981.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

3,749

3,598

7452111.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

3,450

3,095

7452194.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

10,137

9,698

7452358.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

3,245

3,044

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7452413.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

$

1,144

$

1,091

7452446.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

3,835

3,671

7452497.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

6,081

5,815

7452562.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

1,292

1,213

7452573.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

12,146

10,042

7452666.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

42,410

40,304

7452985.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

11,550

10,476

7453058.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

3,044

2,919

7453119.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

7,450

7,123

7453196.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

439

419

7453214.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

2,912

2,786

7453260.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

35,452

33,856

7453906.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

1,865

1,795

7453949.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

1,632

1,562

7453964.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

2,092

2,023

7453994.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

5,421

5,185

7454045.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

1,091

1,043

7454068.SQ.FTS.B

,

Zero

Cpn

,

7/31/25

...

22,812

21,787

7456236.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

682

655

7456295.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

1,870

1,783

7456319.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

5,239

4,702

7456418.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

2,863

2,747

7456497.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

1,570

1,515

7456543.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

5,064

4,595

7456601.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

20,732

19,934

7457060.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

1,534

1,491

7457119.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

12,830

12,237

7457529.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

11,559

11,091

7457776.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

511

495

7457783.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

25,290

24,179

7458154.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

16,034

15,364

7458327.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

3,356

3,189

7458358.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

4,217

4,049

7458461.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

8,447

8,110

7458590.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

34,797

33,135

7459073.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

4,353

4,151

7459112.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

30,362

28,662

7459633.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

5,606

4,949

7459778.SQ.FTS.B

,

Zero

Cpn

,

8/01/25

...

26,440

25,335

7459899.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

1,091

1,043

7459979.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

2,994

2,863

7460041.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

2,634

2,497

7460118.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

6,976

6,674

7460306.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

2,369

1,820

7460361.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

2,990

2,874

7460506.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

1,806

1,699

7460579.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

19,892

19,004

7461105.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

1,210

1,165

7461132.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

1,841

1,745

7461205.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

2,313

2,228

7461229.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

4,585

4,395

7461294.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

5,916

5,667

7461361.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

2,320

2,228

7461386.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

7,807

7,506

7461473.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

7,966

7,623

7461534.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

22,832

21,169

7461655.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

6,795

6,537

7461698.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

1,710

1,401

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

57

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7461714.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

$

10,164

$

9,804

7461830.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

9,280

8,843

7461935.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

5,953

5,682

7461995.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

26,007

24,732

7462219.SQ.FTS.B

,

Zero

Cpn

,

8/02/25

...

50,503

47,779

7462737.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

13,560

12,881

7462876.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

2,807

2,681

7462893.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

5,004

4,799

7462931.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

5,388

5,162

7462989.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

10,310

9,684

7463075.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

6,485

6,241

7463167.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

10,031

9,373

7463299.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

2,359

2,275

7463328.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

3,212

3,080

7463358.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

1,047

955

7463365.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

1,841

1,777

7463390.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

2,376

2,275

7463423.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

3,179

3,046

7463465.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

11,994

10,218

7463571.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

2,274

2,164

7463593.SQ.FTS.B

,

Zero

Cpn

,

8/03/25

...

10,050

9,627

7463702.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

7,101

6,227

7463786.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

4,661

4,480

7463850.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

10,668

10,219

7463965.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

2,902

2,749

7464006.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

4,758

4,554

7464056.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

546

528

7464067.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

2,186

2,092

7464079.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

5,754

5,500

7464136.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

4,184

3,928

7464168.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

4,056

3,593

7464202.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

8,704

8,330

7464300.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

3,324

3,195

7464347.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

5,357

5,137

7464415.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

7,979

7,632

7464485.SQ.FTS.B

,

Zero

Cpn

,

8/04/25

...

6,210

5,977

7464866.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

566

541

7464872.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

1,751

1,676

7464898.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

4,797

4,537

7464953.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

1,363

1,291

7464967.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

2,512

2,411

7465003.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

9,490

9,121

7465232.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

734

706

7465262.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

9,153

8,697

7465558.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

3,540

3,403

7465703.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

8,555

8,051

7465951.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

4,491

4,324

7466027.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

2,852

2,728

7466054.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

5,784

5,563

7466177.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

1,881

1,799

7466212.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

975

900

7466243.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

7,767

7,468

7466371.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

710

683

7466384.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

2,669

2,538

7466413.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

50,254

48,315

7467176.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

1,882

1,787

7467188.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

4,913

4,689

7467220.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

19,472

18,637

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7467543.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

$

1,089

$

1,052

7467565.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

4,314

4,119

7467648.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

8,979

8,555

7467748.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

3,960

3,787

7467817.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

4,402

4,225

7467904.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

18,275

17,465

7468087.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

1,256

1,176

7468094.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

3,539

3,394

7468206.SQ.FTS.B

,

Zero

Cpn

,

8/05/25

...

23,316

21,820

7468489.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

8,024

7,686

7468612.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

419

407

7468619.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

2,742

2,617

7468655.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

1,566

1,502

7468673.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

24,448

23,236

7469100.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

1,428

1,381

7469298.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

3,432

3,294

7469386.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

17,342

16,610

7469832.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

14,864

14,255

7470140.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

4,653

4,483

7470202.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

5,300

5,036

7470408.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

12,254

10,494

7470745.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

2,721

2,603

7470776.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

3,114

2,975

7470826.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

22,930

21,964

7471129.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

10,877

10,415

7471212.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

1,835

1,734

7471223.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

19,269

18,457

7471376.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

1,531

1,461

7471394.SQ.FTS.B

,

Zero

Cpn

,

8/06/25

...

8,014

7,665

7471571.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

2,203

2,099

7471643.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

1,927

1,847

7471679.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

4,067

3,881

7471763.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

24,293

22,808

7472124.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

8,398

8,013

7472315.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

1,968

1,802

7472366.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

5,424

5,240

7472518.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

1,327

1,261

7472544.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

5,630

5,399

7472670.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

13,543

12,960

7472839.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

10,550

9,905

7472947.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

1,188

1,133

7472974.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

25,080

23,711

7473215.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

27,561

26,388

7473443.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

3,237

3,087

7473486.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

5,397

4,761

7473548.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

15,710

14,354

7473646.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

9,595

9,101

7473727.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

73,809

70,727

7474257.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

20,746

19,677

7474500.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

3,716

3,403

7474525.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

1,543

1,460

7474532.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

10,224

9,774

7474730.SQ.FTS.B

,

Zero

Cpn

,

8/07/25

...

10,470

9,995

7476692.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

3,016

2,650

7476745.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

4,972

4,703

7476775.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

2,797

2,647

7476793.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

5,569

5,360

7476858.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

6,674

6,391

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

58

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7476909.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

$

18,728

$

17,932

7477213.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

6,509

6,150

7477356.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

12,610

12,051

7477641.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

8,760

8,383

7477781.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

1,731

1,653

7477832.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

9,456

8,877

7477995.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

22,708

20,502

7478272.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

4,978

4,745

7478321.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

10,809

10,398

7478482.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

14,372

12,632

7478645.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

8,750

8,378

7478711.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

25,299

24,308

7479047.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

27,466

26,318

7479264.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

983

930

7479277.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

7,481

7,168

7479370.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

5,041

4,805

7479435.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

1,347

1,301

7479464.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

8,027

7,668

7479568.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

3,282

3,137

7479592.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

20,601

17,698

7479873.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

2,746

2,622

7479899.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

6,177

5,913

7479981.SQ.FTS.B

,

Zero

Cpn

,

8/08/25

...

8,704

8,210

7480064.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

2,748

2,653

7480251.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

2,346

2,254

7480312.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

1,193

1,142

7480331.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

34,595

33,110

7481108.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

948

762

7481125.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

1,697

1,626

7481177.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

17,381

16,617

7481588.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

27,330

26,111

7481896.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

1,068

1,012

7481914.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

3,871

3,706

7481953.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

16,526

15,820

7482143.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

49,386

47,450

7482984.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

3,987

3,837

7483075.SQ.FTS.B

,

Zero

Cpn

,

8/09/25

...

17,002

16,269

7483183.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

566

541

7483191.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

34,336

32,848

7483514.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

14,527

13,902

7483630.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

4,009

3,774

7483663.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

4,822

4,607

7483718.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

5,521

5,123

7483754.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

1,622

1,473

7483770.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

4,660

4,324

7483806.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

6,226

5,542

7483857.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

3,449

3,288

7483890.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

6,634

6,276

7483931.SQ.FTS.B

,

Zero

Cpn

,

8/10/25

...

7,225

6,768

7484003.SQ.FTS.B

,

Zero

Cpn

,

8/11/25

...

4,641

4,426

7484042.SQ.FTS.B

,

Zero

Cpn

,

8/11/25

...

23,611

22,602

7484244.SQ.FTS.B

,

Zero

Cpn

,

8/11/25

...

36,694

35,116

7484585.SQ.FTS.B

,

Zero

Cpn

,

8/11/25

...

4,089

3,908

7484620.SQ.FTS.B

,

Zero

Cpn

,

8/11/25

...

4,923

4,692

7484681.SQ.FTS.B

,

Zero

Cpn

,

8/11/25

...

11,400

10,950

7485002.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

1,526

1,475

7485013.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

11,441

10,629

7485104.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

5,006

4,742

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7485298.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

$

17,598

$

16,783

7485874.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

9,136

8,838

7486144.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

1,792

1,706

7486167.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

3,294

3,095

7486223.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

1,751

1,676

7486245.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

7,985

7,045

7486343.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

1,483

1,426

7486377.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

2,732

2,621

7486447.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

4,827

4,634

7486576.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

867

829

7486602.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

14,446

13,784

7486693.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

3,472

2,654

7486712.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

14,441

13,894

7486805.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

103,806

97,592

7487738.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

49,922

47,724

7488259.SQ.FTS.B

,

Zero

Cpn

,

8/12/25

...

2,615

2,486

7488371.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

1,313

1,264

7488414.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

470

448

7488420.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

12,561

12,055

7488646.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

3,682

3,534

7488703.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

2,834

2,728

7488799.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

5,625

5,313

7488913.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

23,489

22,429

7489518.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

10,330

9,855

7489747.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

17,694

16,818

7490083.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

11,541

11,043

7490207.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

6,926

6,607

7490254.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

6,840

6,414

7490301.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

1,679

1,612

7490315.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

3,831

3,653

7490334.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

27,369

25,978

7490606.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

5,241

4,873

7490647.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

3,507

2,848

7490685.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

2,849

2,725

7490726.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

3,190

3,014

7490765.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

22,461

20,348

7491010.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

13,488

12,871

7491258.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

3,951

3,775

7491282.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

5,024

4,765

7491321.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

22,623

21,262

7491621.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

12,940

12,384

7491709.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

1,124

1,080

7491725.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

4,125

3,953

7491755.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

323

313

7491795.SQ.FTS.B

,

Zero

Cpn

,

8/13/25

...

18,270

17,469

7492040.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

9,814

9,317

7492256.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

907

865

7492280.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

7,330

7,016

7492372.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

13,033

12,393

7492570.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

5,719

4,870

7492671.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

9,355

8,936

7492880.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

2,021

1,931

7492927.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

6,762

6,463

7493085.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

27,227

25,755

7493523.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

1,209

1,112

7493536.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

16,604

15,712

7493755.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

4,375

4,210

7493836.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

12,414

11,898

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

59

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7493985.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

$

12,447

$

11,850

7494158.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

8,255

7,889

7494206.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

30,259

28,935

7494541.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

39,206

37,443

7495249.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

27,053

25,848

7495599.SQ.FTS.B

,

Zero

Cpn

,

8/14/25

...

11,955

11,258

7500130.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

3,612

3,081

7500186.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

1,422

1,336

7500193.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

4,764

4,515

7500231.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

12,503

11,977

7500335.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

5,818

5,322

7500385.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

4,316

3,860

7500411.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

20,345

19,460

7500828.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

2,765

2,643

7500868.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

16,423

15,007

7501204.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

1,656

1,572

7501241.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

9,079

8,647

7501384.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

8,660

8,208

7501542.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

2,647

2,509

7501588.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

3,742

3,515

7501664.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

1,404

1,365

7501704.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

5,212

4,971

7501833.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

21,998

21,042

7502114.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

30,536

28,850

7502397.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

16,645

15,785

7502543.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

2,879

2,756

7502580.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

3,955

3,803

7502649.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

5,050

4,791

7502716.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

33,480

31,823

7502928.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

4,808

4,546

7502969.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

5,026

4,788

7503044.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

46,742

44,383

7503564.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

10,033

8,998

7503759.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

4,790

4,584

7503797.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

4,266

4,047

7503853.SQ.FTS.B

,

Zero

Cpn

,

8/15/25

...

39,623

37,388

7504530.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

25,300

24,090

7504923.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

2,824

2,727

7505009.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

22,028

20,157

7505314.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

1,423

1,360

7505335.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

11,338

10,654

7505568.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

244

235

7505574.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

1,978

1,898

7505658.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

2,129

2,020

7505731.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

5,110

4,851

7505871.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

1,054

1,005

7505904.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

8,597

8,200

7506089.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

3,323

3,151

7506181.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

11,555

11,050

7506349.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

3,760

3,598

7506411.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

5,369

5,120

7506463.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

2,606

2,519

7506519.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

1,519

1,447

7506550.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

4,811

4,587

7506621.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

7,450

7,051

7506719.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

3,490

2,852

7506743.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

2,814

2,688

7506814.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

17,058

16,310

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7506942.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

$

28,195

$

26,214

7507133.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

2,111

1,992

7507153.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

4,876

4,679

7507206.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

6,570

6,258

7507290.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

6,003

5,707

7507353.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

1,338

1,252

7507377.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

4,119

3,927

7507415.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

3,165

3,014

7507444.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

4,728

4,501

7507479.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

8,930

8,520

7507526.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

1,944

1,868

7507546.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

2,123

2,003

7507582.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

10,324

9,852

7507724.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

3,378

3,248

7507762.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

5,649

5,168

7507824.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

7,969

7,600

7507909.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

33,379

30,543

7508108.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

1,147

1,099

7508137.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

1,402

1,347

7508148.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

14,321

13,672

7508415.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

895

862

7508418.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

8,618

8,242

7508499.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

6,973

6,692

7508620.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

14,622

13,699

7508792.SQ.FTS.B

,

Zero

Cpn

,

8/16/25

...

4,091

3,745

7508859.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

4,996

4,649

7508910.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

863

794

7508919.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

3,042

2,887

7508947.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

626

596

7508953.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

2,242

2,149

7508979.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

9,230

8,776

7509068.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

22,374

20,814

7509262.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

4,937

4,784

7509305.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

2,242

2,037

7509328.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

3,965

3,787

7509369.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

5,186

4,909

7509415.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

850

819

7509426.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

3,668

3,482

7509451.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

18,060

17,324

7509626.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

1,084

1,041

7509642.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

1,750

1,411

7509650.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

1,726

1,580

7509672.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

803

648

7509681.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

4,378

3,530

7509716.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

6,708

5,670

7509782.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

2,861

2,646

7509815.SQ.FTS.B

,

Zero

Cpn

,

8/17/25

...

36,657

32,835

7510054.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

7,477

7,148

7510134.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

4,493

4,296

7510173.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

26,070

24,858

7510416.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

870

831

7510420.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

3,772

3,576

7510456.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

1,834

1,755

7510472.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

9,867

9,396

7510553.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

1,261

1,204

7510558.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

9,391

8,968

7510631.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

17,398

16,496

7510786.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

15,582

14,879

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

60

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7510907.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

$

6,361

$

6,067

7510960.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

8,235

7,735

7511043.SQ.FTS.B

,

Zero

Cpn

,

8/18/25

...

8,473

8,105

7511135.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

12,288

11,717

7511245.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

1,417

1,350

7511263.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

1,957

1,614

7511285.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

4,413

4,210

7511321.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

3,123

2,860

7511343.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

4,517

4,275

7511419.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

3,118

2,979

7511443.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

6,164

5,885

7511489.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

5,777

5,514

7511557.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

39,951

38,368

7511913.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

1,847

1,755

7511925.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

9,210

8,838

7511986.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

2,527

2,415

7511992.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

2,223

2,141

7512003.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

19,838

18,976

7512125.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

7,295

6,946

7512187.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

10,019

9,478

7512245.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

3,931

3,709

7512273.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

25,968

23,770

7512463.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

7,877

7,455

7512522.SQ.FTS.B

,

Zero

Cpn

,

8/19/25

...

15,728

14,116

7512789.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

7,502

7,225

7512838.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

1,913

1,829

7512854.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

8,607

8,143

7512927.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

5,922

5,693

7512957.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

9,337

8,923

7513007.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

2,220

2,118

7513019.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

13,800

12,966

7513206.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

5,457

5,226

7513415.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

283

274

7513443.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

1,800

1,728

7513477.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

5,071

4,835

7513577.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

6,181

5,894

7513703.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

3,301

3,160

7513747.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

8,154

7,748

7513842.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

4,764

4,548

7513894.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

8,935

8,507

7513986.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

1,490

1,418

7513994.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

20,014

19,139

7514140.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

925

889

7514161.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

10,886

10,420

7514297.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

51,451

49,250

7514762.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

49,163

45,946

7515078.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

29,077

27,748

7515337.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

10,721

10,194

7515422.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

41,779

39,640

7515797.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

10,806

10,310

7515912.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

1,049

1,005

7515923.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

7,099

6,795

7516022.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

23,665

22,327

7516294.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

2,517

2,364

7516323.SQ.FTS.B

,

Zero

Cpn

,

8/20/25

...

30,579

28,964

7516517.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

15,531

14,753

7516679.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

3,743

3,592

7516690.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

8,906

8,458

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7516754.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

$

2,529

$

2,428

7516779.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

51,348

48,004

7517647.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

10,292

9,884

7517823.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

6,362

6,099

7517921.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

4,479

3,927

7517983.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

988

946

7518000.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

5,344

5,012

7518066.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

1,417

1,339

7518098.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

4,571

4,340

7518160.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

2,048

1,954

7518177.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

35,787

34,120

7518467.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

1,921

1,844

7518493.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

22,340

21,351

7518698.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

2,482

2,371

7518718.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

3,699

3,541

7518798.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

20,485

19,501

7519124.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

3,896

3,722

7519172.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

404

391

7519178.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

9,958

9,439

7519264.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

22,701

21,718

7519451.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

2,685

2,589

7519471.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

3,785

3,586

7519489.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

5,731

5,419

7519526.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

1,222

1,144

7519540.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

32,204

30,160

7519845.SQ.FTS.B

,

Zero

Cpn

,

8/21/25

...

13,336

12,774

7521809.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

8,435

8,039

7521961.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

5,118

4,866

7522056.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

15,064

12,854

7522230.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

2,989

2,803

7522280.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

11,705

10,986

7522602.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

22,664

21,648

7523327.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

4,815

4,619

7523427.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

797

763

7523463.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

11,884

11,299

7523691.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

452

434

7523706.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

7,700

7,187

7523876.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

8,683

8,130

7524051.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

796

769

7524063.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

2,736

2,608

7524083.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

10,824

10,364

7524232.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

36,684

34,727

7524510.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

51,798

49,284

7525003.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

61,539

58,664

7525635.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

4,630

4,438

7525695.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

2,984

2,863

7525734.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

8,168

7,802

7525869.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

12,903

12,191

7526061.SQ.FTS.B

,

Zero

Cpn

,

8/22/25

...

405

394

7526094.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

1,828

1,707

7526165.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

4,264

3,974

7526267.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

6,489

6,083

7526426.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

72,099

67,625

7527795.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

5,286

4,888

7527858.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

2,868

2,664

7527895.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

26,777

24,940

7528166.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

3,767

3,485

7528176.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

4,126

3,817

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

61

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7528247.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

$

15,490

$

14,451

7528383.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

52,036

48,412

7528897.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

17,109

15,808

7529136.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

3,516

3,259

7529173.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

1,033

963

7529192.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

6,673

6,118

7529259.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

10,595

9,799

7529446.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

3,197

2,987

7529470.SQ.FTS.B

,

Zero

Cpn

,

8/23/25

...

17,963

16,631

7529705.SQ.FTS.B

,

Zero

Cpn

,

8/24/25

...

16,697

15,589

7529827.SQ.FTS.B

,

Zero

Cpn

,

8/24/25

...

2,098

1,928

7529845.SQ.FTS.B

,

Zero

Cpn

,

8/24/25

...

3,828

3,505

7529869.SQ.FTS.B

,

Zero

Cpn

,

8/24/25

...

1,045

969

7529877.SQ.FTS.B

,

Zero

Cpn

,

8/24/25

...

9,006

8,440

7529937.SQ.FTS.B

,

Zero

Cpn

,

8/24/25

...

20,949

19,386

7530093.SQ.FTS.B

,

Zero

Cpn

,

8/24/25

...

684

623

7530100.SQ.FTS.B

,

Zero

Cpn

,

8/24/25

...

16,415

15,383

7530235.SQ.FTS.B

,

Zero

Cpn

,

8/24/25

...

3,848

3,607

7530268.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

2,892

2,634

7530296.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

11,210

10,392

7530391.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

20,482

18,797

7530569.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

1,144

1,051

7530578.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

1,079

993

7530589.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

1,157

1,062

7530596.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

8,793

8,240

7530681.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

5,824

5,384

7530750.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

2,052

1,895

7530770.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

830

749

7530782.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

7,605

7,019

7530831.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

3,794

3,542

7530852.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

7,031

6,513

7530909.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

1,862

1,724

7530920.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

4,790

4,432

7530978.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

22,439

20,941

7531171.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

6,220

5,763

7531238.SQ.FTS.B

,

Zero

Cpn

,

8/25/25

...

5,704

5,327

7531560.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

3,440

3,224

7531605.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

6,687

6,223

7531671.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

1,818

1,662

7531728.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

16,498

15,291

7532113.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

14,021

13,144

7532404.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

3,798

3,544

7532469.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

3,694

3,409

7532586.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

14,539

13,551

7532925.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

15,945

14,894

7533177.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

9,840

9,226

7533328.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

3,005

2,737

7533412.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

7,103

6,542

7533477.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

4,119

3,859

7533531.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

31,042

28,782

7533825.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

26,613

24,757

7534120.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

15,937

14,866

7534235.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

13,324

12,483

7534346.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

1,533

1,410

7534365.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

2,296

2,110

7534396.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

1,625

1,498

7534407.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

11,979

11,184

7534519.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

1,127

1,043

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7534526.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

$

8,299

$

7,666

7534603.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

22,881

21,225

7534890.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

9,835

8,940

7535018.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

8,199

7,655

7535069.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

951

877

7535090.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

2,025

1,862

7535119.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

10,992

10,113

7535200.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

1,752

1,609

7535224.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

5,317

4,985

7535259.SQ.FTS.B

,

Zero

Cpn

,

8/26/25

...

47,193

44,028

7535785.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

9,681

9,076

7535936.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

2,838

2,586

7535984.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

8,821

8,216

7536265.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

18,272

16,950

7536656.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

20,585

18,768

7537115.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

3,547

3,212

7537252.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

1,075

987

7537291.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

4,684

4,390

7537350.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

13,413

12,221

7537581.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

1,900

1,780

7537621.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

6,833

6,377

7537773.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

9,189

8,615

7537885.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

1,317

1,213

7537922.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

2,590

2,383

7537954.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

10,787

9,944

7538033.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

6,534

6,098

7538071.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

2,199

2,016

7538082.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

29,458

27,330

7538351.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

8,667

8,091

7538511.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

778

709

7538515.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

53,207

49,267

7539047.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

20,912

19,112

7539350.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

7,093

6,617

7539401.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

5,887

5,435

7539472.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

4,003

3,613

7539550.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

1,601

1,468

7539576.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

6,236

5,571

7539704.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

4,334

3,980

7539763.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

745

676

7539795.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

578

527

7539802.SQ.FTS.B

,

Zero

Cpn

,

8/27/25

...

50,206

47,035

7539853.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

11,001

10,066

7540091.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

6,129

5,741

7540199.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

22,458

20,633

7540522.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

6,624

6,102

7540631.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

813

748

7540664.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

1,696

1,562

7540688.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

11,249

10,463

7540877.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

812

754

7540905.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

5,098

4,742

7541004.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

982

899

7541035.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

2,394

2,171

7541093.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

3,283

3,048

7541157.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

1,891

1,703

7541180.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

868

792

7541196.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

3,845

3,527

7541262.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

3,258

3,020

7541290.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

1,972

1,801

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

62

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7541314.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

$

3,621

$

3,378

7541346.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

16,304

15,162

7541534.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

1,457

1,333

7541560.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

13,812

12,822

7541643.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

1,581

1,457

7541658.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

31,469

29,369

7541931.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

47,456

44,484

7542444.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

3,754

3,438

7542464.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

6,571

6,108

7542569.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

5,354

4,956

7542682.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

19,107

17,843

7542971.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

2,059

1,915

7543037.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

2,212

2,000

7543137.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

12,863

11,792

7543385.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

8,058

7,496

7543526.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

3,066

2,834

7543558.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

3,471

3,186

7543584.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

3,978

3,631

7543618.SQ.FTS.B

,

Zero

Cpn

,

8/28/25

...

4,526

4,226

7546116.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

21,437

20,001

7546390.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

4,173

3,909

7546464.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

5,903

5,390

7546553.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

802

738

7546560.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

3,981

3,644

7546599.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

1,010

938

7546612.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

2,068

1,904

7546665.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

29,582

27,192

7547304.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

1,051

957

7547341.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

1,463

1,338

7547379.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

1,892

1,752

7547405.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

7,765

7,203

7547549.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

2,421

2,230

7547592.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

16,244

15,071

7547912.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

10,651

9,705

7548111.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

4,578

4,289

7548161.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

17,676

16,560

7548326.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

7,229

6,603

7548488.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

557

515

7548493.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

46,916

43,528

7548982.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

12,688

11,891

7549186.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

24,277

22,410

7549454.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

14,539

13,453

7549678.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

2,986

2,767

7549723.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

3,787

3,503

7549775.SQ.FTS.B

,

Zero

Cpn

,

8/29/25

...

56,081

52,327

7550445.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

595

551

7550496.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

1,596

1,460

7550520.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

10,948

10,258

7550686.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

9,734

9,067

7550899.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

5,143

4,785

7550967.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

6,136

5,687

7551122.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

2,266

2,092

7551202.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

8,728

8,177

7551322.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

5,286

4,929

7551516.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

2,149

1,999

7551573.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

941

854

7551613.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

5,737

5,302

7551743.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

1,755

1,611

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7551819.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

$

11,638

$

10,759

7551974.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

3,322

3,098

7552061.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

7,201

6,654

7552156.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

4,764

4,405

7552242.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

3,397

3,123

7552298.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

42,054

39,395

7552708.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

3,024

2,791

7552739.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

1,837

1,687

7552757.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

3,360

3,114

7552776.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

5,202

4,861

7552826.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

2,857

2,638

7552838.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

1,294

1,182

7552859.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

9,103

8,292

7552961.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

3,723

3,451

7552980.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

6,305

5,862

7553007.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

62,710

58,299

7553695.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

8,826

8,073

7553783.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

679

585

7553806.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

39,033

36,167

7554271.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

2,289

2,088

7554284.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

3,306

3,098

7554320.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

16,027

14,865

7554486.SQ.FTS.B

,

Zero

Cpn

,

9/01/25

...

1,580

1,456

7554511.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

21,011

19,382

7554705.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

4,518

4,220

7554749.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

11,474

10,664

7554901.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

1,259

1,155

7554913.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

1,591

1,460

7554938.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

9,129

8,442

7555045.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

2,716

2,478

7555082.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

3,590

3,208

7555151.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

17,306

16,035

7555358.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

2,174

1,995

7555386.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

3,532

3,309

7555428.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

643

599

7555456.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

5,848

5,422

7555534.SQ.FTS.B

,

Zero

Cpn

,

9/02/25

...

14,701

13,565

7555758.SQ.FTS.B

,

Zero

Cpn

,

9/03/25

...

1,954

1,799

7555788.SQ.FTS.B

,

Zero

Cpn

,

9/03/25

...

17,247

16,014

7556021.SQ.FTS.B

,

Zero

Cpn

,

9/03/25

...

11,840

11,092

7556199.SQ.FTS.B

,

Zero

Cpn

,

9/03/25

...

11,954

10,979

7556366.SQ.FTS.B

,

Zero

Cpn

,

9/03/25

...

4,973

4,605

7556450.SQ.FTS.B

,

Zero

Cpn

,

9/03/25

...

5,376

4,989

7556583.SQ.FTS.B

,

Zero

Cpn

,

9/03/25

...

2,385

2,200

7556607.SQ.FTS.B

,

Zero

Cpn

,

9/03/25

...

4,751

4,415

7556673.SQ.FTS.B

,

Zero

Cpn

,

9/03/25

...

7,117

6,539

7556765.SQ.FTS.B

,

Zero

Cpn

,

9/03/25

...

8,997

8,313

7556878.SQ.FTS.B

,

Zero

Cpn

,

9/03/25

...

2,611

2,348

7556922.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

515

464

7556933.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

1,455

1,339

7556968.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

1,585

1,441

7556990.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

8,082

7,506

7557081.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

2,512

2,343

7557104.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

1,238

1,136

7557116.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

1,558

1,435

7557138.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

7,547

7,033

7557240.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

15,931

14,925

7558015.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

4,554

4,177

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

63

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7558113.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

$

30,460

$

28,315

7558684.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

8,412

7,797

7558830.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

13,813

12,735

7559047.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

987

888

7559058.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

15,597

14,252

7559248.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

14,066

13,029

7559440.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

4,692

4,367

7559472.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

10,206

9,435

7559616.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

3,349

3,058

7559691.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

42,352

39,651

7560249.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

1,746

1,615

7560273.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

2,440

2,247

7560307.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

3,468

3,152

7560380.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

3,939

3,644

7560455.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

5,178

4,736

7560565.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

3,192

2,924

7560619.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

6,796

6,291

7560745.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

10,448

9,424

7560903.SQ.FTS.B

,

Zero

Cpn

,

9/04/25

...

7,524

7,016

7561000.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

3,372

3,112

7561057.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

961

879

7561072.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

9,093

8,437

7561161.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

1,472

1,348

7561192.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

23,161

21,373

7561611.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

26,616

24,670

7561998.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

4,812

4,439

7562085.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

2,969

2,746

7562156.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

10,119

9,322

7562397.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

1,672

1,554

7562443.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

1,382

1,282

7562470.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

24,740

23,060

7562851.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

3,628

3,382

7562875.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

3,175

2,974

7562903.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

8,999

8,245

7562980.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

8,258

7,593

7563080.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

6,503

5,947

7563190.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

2,084

1,917

7563219.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

1,350

1,239

7563230.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

1,702

1,573

7563270.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

1,041

958

7563293.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

3,404

3,135

7563352.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

28,071

25,960

7563566.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

74,240

69,071

7564162.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

1,577

1,450

7564172.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

5,262

4,876

7564206.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

25,241

23,478

7564502.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

13,138

12,178

7564608.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

13,365

12,360

7564705.SQ.FTS.B

,

Zero

Cpn

,

9/05/25

...

28,539

26,618

7565068.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

1,984

1,800

7565115.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

4,931

4,583

7565189.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

2,476

2,295

7565300.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

18,243

16,685

7565586.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

482

437

7565613.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

4,576

4,208

7565635.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

1,502

1,385

7565647.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

2,456

2,245

7565691.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

9,405

8,810

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7565784.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

$

4,348

$

4,042

7565820.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

1,730

1,586

7565850.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

2,275

2,084

7565863.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

22,878

21,224

7566284.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

11,110

10,403

7566426.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

2,424

2,237

7566456.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

3,119

2,877

7566483.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

22,974

21,524

7566801.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

990

906

7566811.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

3,107

2,863

7566827.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

6,454

6,045

7566879.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

3,030

2,809

7566905.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

2,013

1,848

7566928.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

2,626

2,413

7566947.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

1,879

1,710

7566968.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

6,414

5,868

7567014.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

46,063

42,822

7567355.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

3,643

3,341

7567425.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

20,952

19,327

7567603.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

2,748

2,539

7567627.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

31,074

28,831

7567904.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

6,846

6,303

7568007.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

3,376

3,084

7568048.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

20,239

18,638

7568274.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

21,547

20,103

7568509.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

12,144

11,242

7568596.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

7,658

7,175

7568632.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

517

472

7568640.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

3,147

2,947

7568679.SQ.FTS.B

,

Zero

Cpn

,

9/06/25

...

11,976

11,129

7570952.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

1,420

1,306

7570992.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

7,388

6,848

7571073.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

2,102

1,939

7571104.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

2,886

2,671

7571158.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

5,474

5,100

7571247.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

35,519

32,879

7571562.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

101,794

94,917

7573016.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

5,626

5,125

7573069.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

1,981

1,832

7573095.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

5,981

5,526

7573146.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

6,242

5,762

7573203.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

11,016

10,156

7573279.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

12,304

11,421

7573400.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

5,017

4,666

7573469.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

6,456

6,023

7573559.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

1,653

1,525

7573584.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

6,442

6,005

7573661.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

7,252

6,764

7573697.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

9,885

9,188

7573801.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

27,544

25,436

7573932.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

8,301

7,672

7573974.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

2,947

2,690

7573987.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

5,463

5,020

7574020.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

4,193

3,876

7574348.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

6,968

6,497

7574387.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

2,467

2,311

7574430.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

4,984

4,651

7574468.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

8,527

7,950

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

64

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7574527.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

$

12,073

$

11,046

7574647.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

3,440

3,212

7574669.SQ.FTS.B

,

Zero

Cpn

,

9/07/25

...

5,104

4,778

7574775.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

32,669

30,571

7575028.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

5,364

4,998

7575077.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

2,251

2,067

7575088.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

2,674

2,463

7575120.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

16,938

15,732

7575394.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

9,554

8,770

7575539.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

11,921

11,084

7575766.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

4,387

4,054

7575918.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

3,617

3,348

7576008.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

6,374

5,926

7576112.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

1,524

1,397

7576126.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

12,678

11,819

7576374.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

2,429

2,253

7576410.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

32,314

29,568

7576749.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

870

790

7576757.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

1,090

960

7576764.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

3,214

2,986

7576806.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

15,256

14,228

7576888.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

41,705

38,639

7577129.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

1,446

1,333

7577140.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

83,773

77,367

7577954.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

8,761

8,143

7578017.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

20,822

19,342

7578198.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

6,317

5,851

7578271.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

9,220

8,631

7578388.SQ.FTS.B

,

Zero

Cpn

,

9/08/25

...

1,090

1,000

7578413.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

8,771

8,180

7578499.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

12,291

11,454

7578624.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

2,856

2,607

7578647.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

1,659

1,553

7578652.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

4,801

4,435

7578693.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

847

774

7578713.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

1,660

1,516

7578730.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

37,229

34,494

7579110.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

1,025

933

7579124.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

2,302

2,155

7579146.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

881

798

7579159.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

1,259

1,160

7579169.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

2,195

2,025

7579197.SQ.FTS.B

,

Zero

Cpn

,

9/09/25

...

24,853

23,105

7579437.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

5,283

4,926

7579492.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

11,253

10,532

7579616.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

1,798

1,675

7579640.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

8,058

7,448

7579726.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

8,197

7,674

7579818.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

5,528

5,175

7579877.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

14,596

13,522

7580042.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

6,314

5,851

7580099.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

2,255

2,057

7580135.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

6,937

6,496

7580206.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

6,232

5,721

7580271.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

1,445

1,331

7580282.SQ.FTS.B

,

Zero

Cpn

,

9/10/25

...

17,594

16,474

7580621.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

8,230

7,613

7580695.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

9,016

8,401

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7580891.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

$

12,018

$

11,247

7581325.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

4,698

4,339

7581445.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

9,158

8,507

7581669.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

2,307

2,128

7581697.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

3,178

2,950

7581750.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

1,448

1,317

7581779.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

7,204

6,715

7581886.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

2,194

2,021

7581919.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

3,464

3,208

7582015.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

7,051

6,505

7583179.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

12,566

11,615

7583356.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

19,793

18,293

7583700.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

9,066

8,406

7583777.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

8,727

8,040

7583886.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

13,919

12,974

7584109.SQ.FTS.B

,

Zero

Cpn

,

9/11/25

...

2,634

2,466

7584370.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

4,381

4,013

7584421.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

13,030

12,074

7584753.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

3,091

2,854

7584835.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

1,375

1,269

7584854.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

1,467

1,341

7584875.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

4,862

4,436

7584990.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

34,941

32,267

7585629.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

10,507

9,836

7585777.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

8,261

7,733

7585848.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

2,876

2,642

7585880.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

5,451

5,051

7585942.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

1,548

1,420

7585954.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

3,163

2,929

7585995.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

7,790

7,147

7586080.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

7,284

6,820

7586158.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

7,175

6,638

7586243.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

3,573

3,266

7586273.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

53,083

48,742

7586782.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

333

308

7586785.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

11,170

10,294

7586862.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

14,802

13,853

7586967.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

38,382

35,370

7587307.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

52,654

49,282

7587680.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

4,535

4,151

7587725.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

3,579

3,350

7587740.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

11,979

11,201

7587874.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

6,673

6,111

7587926.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

14,399

13,267

7588065.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

4,496

4,153

7588083.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

1,569

1,440

7588089.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

1,091

1,017

7588096.SQ.FTS.B

,

Zero

Cpn

,

9/12/25

...

3,131

2,893

7588149.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

52,754

48,857

7588952.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

27,038

25,057

7589274.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

1,550

1,415

7589297.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

16,159

14,880

7589454.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

1,434

1,309

7589464.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

23,179

21,606

7589651.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

3,340

3,102

7589665.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

39,651

36,411

7589931.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

8,806

8,143

7590038.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

1,840

1,684

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

65

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7590062.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

$

2,566

$

2,358

7590078.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

926

841

7590081.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

2,184

2,023

7590102.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

4,330

4,012

7590122.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

6,184

5,700

7590164.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

2,889

2,660

7590174.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

8,561

7,914

7590212.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

208

193

7590215.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

4,079

3,745

7590233.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

2,154

1,971

7590257.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

10,208

9,556

7590306.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

104,287

97,615

7590804.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

4,693

4,349

7590830.SQ.FTS.B

,

Zero

Cpn

,

9/13/25

...

4,794

4,397

7593263.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

22,175

20,543

7593393.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

19,519

18,119

7593546.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

2,823

2,630

7593581.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

9,115

8,368

7593669.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

2,617

2,411

7593710.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

9,718

9,061

7593837.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

25,685

24,036

7594395.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

2,498

2,278

7594422.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

2,883

2,646

7594482.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

17,552

16,302

7594673.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

42,766

39,865

7595236.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

4,172

3,903

7595258.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

52,430

48,419

7595571.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

8,331

7,765

7595607.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

17,998

16,459

7595718.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

24,291

22,568

7596066.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

3,361

3,105

7596094.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

50,180

46,941

7596509.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

13,256

12,352

7596689.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

3,612

3,333

7596734.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

8,004

7,315

7596839.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

9,277

8,548

7596958.SQ.FTS.B

,

Zero

Cpn

,

9/14/25

...

6,400

5,962

7597189.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

3,909

3,609

7597222.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

17,198

15,926

7597383.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

6,581

6,093

7597519.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

1,668

1,523

7597545.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

1,613

1,496

7597577.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

5,427

4,999

7597680.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

11,047

10,097

7597989.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

1,631

1,508

7598015.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

13,275

12,136

7598220.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

3,239

2,975

7598262.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

13,314

12,365

7598425.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

31,898

29,616

7598647.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

8,896

8,259

7598723.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

4,858

4,496

7598742.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

2,948

2,718

7598765.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

11,414

10,484

7598867.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

70,555

65,016

7599428.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

2,464

2,296

7599586.SQ.FTS.B

,

Zero

Cpn

,

9/15/25

...

97,416

91,152

7599950.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

19,240

17,871

7600095.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

1,431

1,336

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7600106.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

$

4,071

$

3,760

7600141.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

18,546

17,276

7600301.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

5,705

5,227

7600365.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

3,365

3,109

7600386.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

4,300

3,961

7600436.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

1,368

1,254

7600446.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

14,686

13,528

7600568.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

2,029

1,876

7600580.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

4,232

3,871

7600629.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

7,997

7,388

7600674.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

35,925

33,346

7600998.SQ.FTS.B

,

Zero

Cpn

,

9/16/25

...

4,769

4,349

7601034.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

2,768

2,570

7601056.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

8,786

8,094

7601132.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

2,732

2,545

7601154.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

3,843

3,540

7601183.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

1,981

1,811

7601200.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

3,227

2,950

7601236.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

763

709

7601245.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

17,509

16,379

7601399.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

4,560

4,211

7601439.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

1,055

966

7601451.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

4,143

3,805

7601481.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

2,203

2,024

7601509.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

8,457

7,806

7601591.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

5,569

5,164

7601619.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

1,919

1,788

7601637.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

5,282

4,878

7601688.SQ.FTS.B

,

Zero

Cpn

,

9/17/25

...

40,999

38,056

7602967.SQ.FTS.B

,

Zero

Cpn

,

9/18/25

...

1,097

1,005

7603012.SQ.FTS.B

,

Zero

Cpn

,

9/18/25

...

2,104

1,960

7603028.SQ.FTS.B

,

Zero

Cpn

,

9/18/25

...

43,699

40,102

7603665.SQ.FTS.B

,

Zero

Cpn

,

9/18/25

...

6,346

5,936

7603759.SQ.FTS.B

,

Zero

Cpn

,

9/18/25

...

5,479

5,075

7603828.SQ.FTS.B

,

Zero

Cpn

,

9/18/25

...

67,022

62,706

7604489.SQ.FTS.B

,

Zero

Cpn

,

9/18/25

...

23,093

21,605

7604762.SQ.FTS.B

,

Zero

Cpn

,

9/18/25

...

3,388

3,129

7605868.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

12,502

11,507

7606066.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

9,201

8,392

7606193.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

7,043

6,537

7606278.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

11,642

10,846

7606455.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

3,998

3,724

7606520.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

2,594

2,416

7606561.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

3,849

3,584

7606681.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

2,044

1,904

7606716.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

2,519

2,314

7606796.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

2,614

2,443

7606836.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

6,935

6,461

7606938.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

5,211

4,758

7606967.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

2,683

2,491

7606993.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

1,140

1,056

7607003.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

3,950

3,625

7607046.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

1,653

1,533

7607077.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

938

870

7607091.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

944

853

7607096.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

24,888

23,040

7607359.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

13,286

12,106

7607511.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

31,955

29,189

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

66

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7607703.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

$

15,366

$

14,268

7607791.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

1,406

1,298

7607796.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

5,027

4,630

7607836.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

2,610

2,417

7607871.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

71,655

66,510

7608489.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

5,008

4,660

7608517.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

5,178

4,770

7608552.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

24,495

22,750

7608748.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

39,847

36,584

7609019.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

15,057

14,025

7609099.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

5,560

5,161

7609162.SQ.FTS.B

,

Zero

Cpn

,

9/19/25

...

2,989

2,755

7609225.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

18,185

16,943

7609465.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

3,615

3,340

7609492.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

1,407

1,299

7609515.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

1,239

1,128

7609540.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

3,351

3,078

7609595.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

30,274

28,205

7610204.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

16,941

15,602

7610377.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

22,391

20,945

7610678.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

5,589

5,228

7610722.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

3,186

2,950

7610756.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

1,236

1,137

7610764.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

14,154

13,183

7610885.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

7,980

7,347

7610916.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

24,011

22,447

7611078.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

2,124

1,963

7611097.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

3,158

2,868

7611133.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

45,016

41,681

7611371.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

1,113

1,019

7611385.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

1,805

1,663

7611409.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

1,913

1,777

7611424.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

6,445

5,935

7611467.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

4,576

4,182

7611519.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

111,228

104,038

7612309.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

7,295

6,697

7612366.SQ.FTS.B

,

Zero

Cpn

,

9/20/25

...

2,666

2,484

7614495.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

1,955

1,803

7614588.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

9,078

8,396

7614750.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

1,930

1,797

7614786.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

1,508

1,389

7614800.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

1,352

1,241

7614829.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

7,546

7,052

7614921.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

18,193

16,704

7615369.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

1,783

1,633

7615416.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

8,751

8,122

7615541.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

4,674

4,290

7615606.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

3,774

3,450

7615649.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

6,323

5,854

7615759.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

46,669

43,312

7616296.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

30,047

27,890

7616471.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

2,193

2,045

7616489.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

3,235

2,959

7616513.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

738

689

7616520.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

2,105

1,947

7616557.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

13,076

12,136

7616682.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

48,197

44,939

7617078.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

67,674

63,281

Description

Principal

Amount

Value

Block,

Inc.

(continued)

7617557.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

$

16,992

$

15,646

7617643.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

22,969

21,078

7617853.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

2,089

1,951

7617862.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

11,093

10,182

7617901.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

4,052

3,706

7617935.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

1,254

1,147

7617949.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

5,652

5,286

7617994.SQ.FTS.B

,

Zero

Cpn

,

9/21/25

...

20,841

19,341

7618136.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

15,471

14,242

7618270.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

1,481

1,375

7618291.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

10,553

9,866

7618362.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

9,015

8,429

7618424.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

23,879

21,857

7618783.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

6,754

6,315

7618894.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

3,124

2,905

7618964.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

11,075

10,098

7619173.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

7,288

6,722

7619295.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

7,773

7,158

7619406.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

1,525

1,400

7619423.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

1,701

1,590

7619450.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

3,236

2,960

7619488.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

1,371

1,272

7619504.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

13,818

12,754

7619699.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

783

731

7619705.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

1,436

1,325

7619709.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

2,775

2,556

7619725.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

3,385

3,152

7619787.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

13,781

12,605

7619929.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

1,900

1,750

7619969.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

1,278

1,177

7619988.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

6,633

6,055

7620074.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

13,021

12,126

7620183.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

46,012

42,478

7620758.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

10,981

10,266

7620808.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

11,299

10,431

7620875.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

2,038

1,877

7620888.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

2,807

2,566

7620917.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

9,110

8,432

7621003.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

4,023

3,680

7621052.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

2,658

2,439

7621073.SQ.FTS.B

,

Zero

Cpn

,

9/22/25

...

39,915

36,624

7621262.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

1,806

1,654

7621282.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

4,367

4,041

7621314.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

1,720

1,590

7621322.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

630

575

7621327.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

9,393

8,746

7621401.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

3,747

3,477

7621416.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

4,238

3,902

7621441.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

10,421

9,595

7621528.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

1,210

1,110

7621535.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

9,446

8,719

7621601.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

4,592

4,249

7621635.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

1,078

986

7621639.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

3,885

3,605

7621653.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

9,336

8,641

7621715.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

1,629

1,495

7621723.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

2,812

2,609

7621747.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

3,708

3,414

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

67

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Block,

Inc.

(continued)

7621769.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

$

10,588

$

9,860

7621843.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

2,195

2,014

7621862.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

4,624

4,228

7621886.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

1,415

1,293

7621895.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

11,364

10,582

7621982.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

3,323

3,046

7622001.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

2,883

2,661

7622027.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

1,822

1,696

7622036.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

6,724

6,223

7622092.SQ.FTS.B

,

Zero

Cpn

,

9/23/25

...

12,746

11,735

7622204.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

6,922

6,446

7622251.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

5,516

5,136

7622288.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

3,147

2,905

7622304.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

13,866

12,722

7622436.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

3,535

3,255

7622459.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

774

715

7622472.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

9,251

8,482

7622533.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

12,306

11,291

7622636.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

3,792

3,467

7622667.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

31,772

29,404

7622898.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

10,156

9,455

7622977.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

2,427

2,269

7622991.SQ.FTS.B

,

Zero

Cpn

,

9/24/25

...

7,160

6,529

7623333.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

1,474

1,372

7623346.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

2,055

1,919

7623364.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

1,525

1,399

7623381.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

1,169

1,081

7623388.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

3,825

3,509

7623462.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

3,049

2,796

7623506.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

1,129

1,044

7623536.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

3,894

3,573

7623594.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

1,669

1,558

7623613.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

1,555

1,431

7623659.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

5,556

5,174

7623737.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

7,701

7,025

7623892.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

5,619

5,174

7623998.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

10,603

9,912

7624145.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

20,069

18,572

7624372.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

4,444

4,124

7624417.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

4,939

4,506

7624464.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

73,935

68,601

7626179.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

3,618

3,340

7626238.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

3,428

3,181

7626300.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

3,987

3,700

7626328.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

6,682

6,117

7626457.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

915

838

7626469.SQ.FTS.B

,

Zero

Cpn

,

9/25/25

...

10,133

9,330

5989835.SQ.FTS.B

,

Zero

Cpn

,

4/13/34

...

3,543

950

5990519.SQ.FTS.B

,

Zero

Cpn

,

4/13/34

...

1,826

527

5993663.SQ.FTS.B

,

Zero

Cpn

,

4/14/34

...

2,238

420

5994040.SQ.FTS.B

,

Zero

Cpn

,

4/14/34

...

6,214

1,670

5994215.SQ.FTS.B

,

Zero

Cpn

,

4/14/34

...

462

201

5996345.SQ.FTS.B

,

Zero

Cpn

,

4/15/34

...

626

174

5996474.SQ.FTS.B

,

Zero

Cpn

,

4/15/34

...

17,017

3,242

5996762.SQ.FTS.B

,

Zero

Cpn

,

4/15/34

...

1,419

329

5997200.SQ.FTS.B

,

Zero

Cpn

,

4/16/34

...

2,782

742

5997223.SQ.FTS.B

,

Zero

Cpn

,

4/16/34

...

203

69

5997475.SQ.FTS.B

,

Zero

Cpn

,

4/16/34

...

1,656

670

Description

Principal

Amount

Value

Block,

Inc.

(continued)

5997611.SQ.FTS.B

,

Zero

Cpn

,

4/16/34

...

$

2,336

$

522

5997689.SQ.FTS.B

,

Zero

Cpn

,

4/16/34

...

510

72

6000301.SQ.FTS.B

,

Zero

Cpn

,

4/17/34

...

3,546

962

6001577.SQ.FTS.B

,

Zero

Cpn

,

4/18/34

...

1,056

302

6001892.SQ.FTS.B

,

Zero

Cpn

,

4/18/34

...

3,329

996

6003779.SQ.FTS.B

,

Zero

Cpn

,

4/18/34

...

2,125

597

6003889.SQ.FTS.B

,

Zero

Cpn

,

4/18/34

...

1,307

265

6004196.SQ.FTS.B

,

Zero

Cpn

,

4/18/34

...

192

92

6004440.SQ.FTS.B

,

Zero

Cpn

,

4/18/34

...

1,108

113

6007122.SQ.FTS.B

,

Zero

Cpn

,

4/19/34

...

13,404

4,483

6011390.SQ.FTS.B

,

Zero

Cpn

,

4/20/34

...

1,154

315

6012017.SQ.FTS.B

,

Zero

Cpn

,

4/20/34

...

4,227

1,578

6012758.SQ.FTS.B

,

Zero

Cpn

,

4/21/34

...

723

208

6012911.SQ.FTS.B

,

Zero

Cpn

,

4/21/34

...

2,149

309

6013648.SQ.FTS.B

,

Zero

Cpn

,

4/21/34

...

1,455

201

6014070.SQ.FTS.B

,

Zero

Cpn

,

4/21/34

...

807

206

6014090.SQ.FTS.B

,

Zero

Cpn

,

4/21/34

...

776

353

6014484.SQ.FTS.B

,

Zero

Cpn

,

4/21/34

...

1,175

171

6014890.SQ.FTS.B

,

Zero

Cpn

,

4/21/34

...

9,174

2,249

6015092.SQ.FTS.B

,

Zero

Cpn

,

4/21/34

...

3,643

845

6015930.SQ.FTS.B

,

Zero

Cpn

,

4/22/34

...

575

130

6016033.SQ.FTS.B

,

Zero

Cpn

,

4/22/34

...

411

164

6016148.SQ.FTS.B

,

Zero

Cpn

,

4/22/34

...

5,838

1,503

6016515.SQ.FTS.B

,

Zero

Cpn

,

4/22/34

...

282

42

6016613.SQ.FTS.B

,

Zero

Cpn

,

4/23/34

...

3,179

803

6016785.SQ.FTS.B

,

Zero

Cpn

,

4/23/34

...

234

65

6017013.SQ.FTS.B

,

Zero

Cpn

,

4/23/34

...

1,385

395

6017113.SQ.FTS.B

,

Zero

Cpn

,

4/23/34

...

3,997

1,390

6017818.SQ.FTS.B

,

Zero

Cpn

,

4/24/34

...

1,157

336

6017943.SQ.FTS.B

,

Zero

Cpn

,

4/24/34

...

3,876

1,551

6020247.SQ.FTS.B

,

Zero

Cpn

,

4/24/34

...

1,123

497

6021095.SQ.FTS.B

,

Zero

Cpn

,

4/25/34

...

1,600

171

6022765.SQ.FTS.B

,

Zero

Cpn

,

4/25/34

...

4,447

671

6024576.SQ.FTS.B

,

Zero

Cpn

,

4/26/34

...

1,276

308

6024861.SQ.FTS.B

,

Zero

Cpn

,

4/26/34

...

2,667

246

6026172.SQ.FTS.B

,

Zero

Cpn

,

4/26/34

...

322

37

32,201,721

Freedom

Financial

Asset

Management

LLC

APP-13061207.FP.FTS.B

,

5

.99

%

,

4/30/24

.

365

365

APP-13432810.FP.FTS.B

,

5

.99

%

,

5/01/24

.

444

444

APP-13433208.FP.FTS.B

,

5

.99

%

,

5/01/24

.

374

375

APP-13323350.FP.FTS.B

,

16

.49

%

,

5/01/24

484

484

APP-13323276.FP.FTS.B

,

5

.99

%

,

5/05/24

.

368

368

APP-13323298.FP.FTS.B

,

5

.99

%

,

5/06/24

.

340

340

APP-13614056.FP.FTS.B

,

15

.99

%

,

5/11/24

480

481

APP-13337251.FP.FTS.B

,

5

.99

%

,

5/13/24

.

535

536

APP-13438285.FP.FTS.B

,

5

.99

%

,

5/14/24

.

351

351

APP-13199267.FP.FTS.B

,

5

.99

%

,

5/15/24

.

352

353

APP-13301744.FP.FTS.B

,

5

.99

%

,

5/15/24

.

769

772

APP-13323228.FP.FTS.B

,

5

.99

%

,

5/15/24

.

412

412

APP-13628844.FP.FTS.B

,

16

.99

%

,

5/15/24

591

592

APP-13488078.FP.FTS.B

,

5

.99

%

,

5/23/24

.

471

472

APP-14264510.FP.FTS.B

,

5

.99

%

,

6/10/24

.

882

883

APP-14258833.FP.FTS.B

,

18

.49

%

,

6/10/24

830

832

APP-14387197.FP.FTS.B

,

5

.99

%

,

6/15/24

.

966

968

APP-14179087.FP.FTS.B

,

5

.99

%

,

6/23/24

.

913

916

APP-14491308.FP.FTS.B

,

23

.99

%

,

6/28/24

2,064

1,728

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

68

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Freedom

Financial

Asset

Management

LLC

(continued)

APP-14569696.FP.FTS.B

,

5

.99

%

,

7/07/24

.

$

1,544

$

1,548

APP-10156971.FP.FTS.B

,

14

.99

%

,

8/15/24

5,885

5,921

APP-15044905.FP.FTS.B

,

5

.99

%

,

8/25/24

.

1,359

1,367

APP-10940707.FP.FTS.B

,

8

.49

%

,

10/15/24

3,927

3,949

APP-10932376.FP.FTS.B

,

19

.99

%

,

10/22/24

1,803

1,831

APP-10600138.FP.FTS.B

,

10

.49

%

,

10/29/24

6,612

6,637

APP-11023093.FP.FTS.B

,

10

.49

%

,

10/30/24

3,739

3,757

APP-10692850.FP.FTS.B

,

13

.24

%

,

11/12/24

9,432

9,495

APP-10670951.FP.FTS.B

,

17

.99

%

,

11/15/24

5,995

6,091

APP-10385583.FP.FTS.B

,

12

.24

%

,

11/22/24

2,857

2,879

APP-10481821.FP.FTS.B

,

23

.49

%

,

11/22/24

2,638

2,697

APP-11040038.FP.FTS.B

,

15

.49

%

,

12/01/24

6,849

6,900

APP-11018721.FP.FTS.B

,

23

.99

%

,

12/01/24

4,889

4,939

APP-10991532.FP.FTS.B

,

13

.99

%

,

12/10/24

2,858

2,875

APP-11036112.FP.FTS.B

,

16

.99

%

,

12/14/24

2,122

2,140

APP-10692602.FP.FTS.B

,

17

.99

%

,

12/14/24

2,423

2,448

APP-11720453.FP.FTS.B

,

12

.24

%

,

12/22/24

3,701

3,733

APP-11789211.FP.FTS.B

,

6

.99

%

,

12/29/24

9,360

9,413

APP-11694729.FP.FTS.B

,

15

.49

%

,

2/01/25

4,777

4,807

APP-11799631.FP.FTS.B

,

9

.74

%

,

2/02/25

.

4,129

4,148

APP-11751212.FP.FTS.B

,

13

.99

%

,

2/05/25

6,541

6,587

APP-11755781.FP.FTS.B

,

16

.99

%

,

2/05/25

3,247

3,271

APP-11693818.FP.FTS.B

,

9

.49

%

,

2/06/25

.

10,255

10,322

APP-11029317.FP.FTS.B

,

23

.99

%

,

2/13/25

5,119

1,937

APP-12413449.FP.FTS.B

,

9

.74

%

,

2/22/25

.

8,532

8,606

APP-12801527.FP.FTS.B

,

11

.74

%

,

2/22/25

6,921

6,980

APP-12674069.FP.FTS.B

,

18

.99

%

,

2/27/25

4,657

4,764

APP-12780140.FP.FTS.B

,

9

.74

%

,

3/01/25

.

4,475

4,505

APP-12882137.FP.FTS.B

,

12

.49

%

,

3/01/25

18,754

18,880

APP-12139584.FP.FTS.B

,

11

.99

%

,

3/06/25

5,045

5,081

APP-12097231.FP.FTS.B

,

9

.49

%

,

3/11/25

.

9,677

9,752

APP-12139672.FP.FTS.B

,

9

.74

%

,

3/11/25

.

6,005

6,052

APP-12188198.FP.FTS.B

,

16

.99

%

,

3/11/25

2,772

2,797

APP-12245609.FP.FTS.B

,

25

.49

%

,

3/12/25

4,622

4,666

APP-12934217.FP.FTS.B

,

15

.99

%

,

3/15/25

8,895

8,993

APP-13434461.FP.FTS.B

,

9

.49

%

,

3/20/25

.

1,878

1,880

APP-13337421.FP.FTS.B

,

11

.49

%

,

3/21/25

4,916

4,958

APP-13300513.FP.FTS.B

,

17

.99

%

,

3/24/25

2,926

2,965

APP-13251266.FP.FTS.B

,

7

.74

%

,

3/28/25

.

6,979

7,052

APP-13381468.FP.FTS.B

,

9

.49

%

,

3/29/25

.

15,762

15,863

APP-13417584.FP.FTS.B

,

12

.49

%

,

3/30/25

19,141

19,266

APP-12798456.FP.FTS.B

,

7

.49

%

,

4/01/25

.

3,587

3,591

APP-12674971.FP.FTS.B

,

10

.49

%

,

4/01/25

16,881

16,979

APP-12544478.FP.FTS.B

,

18

.99

%

,

4/01/25

4,072

4,089

APP-12801328.FP.FTS.B

,

11

.74

%

,

4/03/25

13,518

13,598

APP-12786233.FP.FTS.B

,

15

.99

%

,

4/05/25

8,799

8,847

APP-12785793.FP.FTS.B

,

11

.74

%

,

4/06/25

11,630

11,687

APP-12797301.FP.FTS.B

,

19

.99

%

,

4/07/25

4,613

4,665

APP-12975635.FP.FTS.B

,

18

.99

%

,

4/10/25

8,512

3,099

APP-13028127.FP.FTS.B

,

21

.49

%

,

4/10/25

17,917

18,061

APP-11811501.FP.FTS.B

,

15

.24

%

,

4/12/25

12,567

12,694

APP-12674201.FP.FTS.B

,

15

.49

%

,

4/12/25

4,770

4,810

APP-12800747.FP.FTS.B

,

13

.99

%

,

4/15/25

9,860

9,951

APP-12869824.FP.FTS.B

,

23

.99

%

,

4/15/25

4,287

4,340

APP-13026280.FP.FTS.B

,

23

.99

%

,

4/15/25

6,317

6,392

APP-12767903.FP.FTS.B

,

25

.49

%

,

4/17/25

4,152

4,212

APP-13048345.FP.FTS.B

,

7

.74

%

,

4/18/25

.

5,409

5,452

APP-12934120.FP.FTS.B

,

16

.99

%

,

4/18/25

3,961

3,999

Description

Principal

Amount

Value

Freedom

Financial

Asset

Management

LLC

(continued)

APP-13044683.FP.FTS.B

,

12

.49

%

,

4/20/25

$

18,928

$

19,094

APP-12931531.FP.FTS.B

,

21

.49

%

,

4/21/25

3,601

3,653

APP-13023000.FP.FTS.B

,

23

.74

%

,

4/25/25

4,439

4,375

APP-13628483.FP.FTS.B

,

16

.49

%

,

4/29/25

5,152

5,172

APP-13161529.FP.FTS.B

,

9

.49

%

,

4/30/25

.

15,943

16,052

APP-14056236.FP.FTS.B

,

13

.24

%

,

4/30/25

15,980

16,058

APP-13427697.FP.FTS.B

,

18

.99

%

,

5/01/25

6,003

6,023

APP-14271382.FP.FTS.B

,

18

.49

%

,

5/02/25

7,142

7,174

APP-13431511.FP.FTS.B

,

9

.74

%

,

5/04/25

.

5,440

5,477

APP-13352228.FP.FTS.B

,

25

.49

%

,

5/04/25

4,554

4,564

APP-13416512.FP.FTS.B

,

9

.49

%

,

5/05/25

.

15,836

15,946

APP-14179250.FP.FTS.B

,

9

.84

%

,

5/05/25

.

12,499

12,602

APP-13199149.FP.FTS.B

,

9

.74

%

,

5/10/25

.

5,458

5,501

APP-13408706.FP.FTS.B

,

12

.99

%

,

5/13/25

10,856

10,948

APP-13628220.FP.FTS.B

,

15

.49

%

,

5/13/25

4,806

4,842

APP-13679431.FP.FTS.B

,

19

.49

%

,

5/13/25

5,864

5,911

APP-13664871.FP.FTS.B

,

24

.99

%

,

5/13/25

4,568

414

APP-13333579.FP.FTS.B

,

10

.49

%

,

5/14/25

11,959

12,026

APP-13335711.FP.FTS.B

,

14

.49

%

,

5/14/25

6,860

6,922

APP-14372135.FP.FTS.B

,

10

.49

%

,

5/15/25

6,761

6,817

APP-13437525.FP.FTS.B

,

19

.49

%

,

5/15/25

7,534

7,591

APP-13658658.FP.FTS.B

,

11

.84

%

,

5/18/25

4,942

4,985

APP-14286350.FP.FTS.B

,

16

.99

%

,

5/19/25

8,499

8,588

APP-14581247.FP.FTS.B

,

12

.74

%

,

5/20/25

6,722

6,784

APP-13625542.FP.FTS.B

,

24

.99

%

,

5/20/25

6,960

7,054

APP-12543097.FP.FTS.B

,

10

.09

%

,

5/23/25

5,062

5,110

APP-13658179.FP.FTS.B

,

10

.84

%

,

5/24/25

20,173

20,375

APP-13658871.FP.FTS.B

,

9

.84

%

,

5/25/25

.

15,992

16,150

APP-13639147.FP.FTS.B

,

18

.49

%

,

5/25/25

8,919

9,039

APP-13658257.FP.FTS.B

,

10

.09

%

,

5/26/25

6,494

6,559

APP-14229868.FP.FTS.B

,

16

.74

%

,

6/08/25

24,261

14,815

APP-14240775.FP.FTS.B

,

20

.49

%

,

6/08/25

4,669

4,703

APP-12795850.FP.FTS.B

,

23

.74

%

,

6/10/25

9,683

9,715

APP-12236101.FP.FTS.B

,

20

.99

%

,

6/11/25

7,634

7,656

APP-14384326.FP.FTS.B

,

16

.99

%

,

6/15/25

8,988

9,077

APP-14253378.FP.FTS.B

,

18

.49

%

,

6/15/25

5,725

611

APP-14276228.FP.FTS.B

,

19

.24

%

,

6/15/25

11,130

11,208

APP-14179277.FP.FTS.B

,

12

.74

%

,

6/22/25

15,829

15,992

APP-14518951.FP.FTS.B

,

15

.49

%

,

6/22/25

1,662

1,666

APP-14179511.FP.FTS.B

,

18

.49

%

,

6/22/25

3,502

3,541

APP-14477454.FP.FTS.B

,

13

.99

%

,

6/24/25

4,672

4,714

APP-14372095.FP.FTS.B

,

14

.99

%

,

6/25/25

11,110

11,256

APP-14386049.FP.FTS.B

,

22

.24

%

,

6/29/25

6,369

6,334

APP-14440616.FP.FTS.B

,

25

.49

%

,

7/01/25

5,882

5,890

APP-14541502.FP.FTS.B

,

16

.49

%

,

7/06/25

5,696

5,645

APP-14558687.FP.FTS.B

,

25

.49

%

,

7/07/25

7,976

7,973

APP-14372326.FP.FTS.B

,

10

.24

%

,

7/08/25

12,650

12,787

APP-14523480.FP.FTS.B

,

18

.99

%

,

7/08/25

8,272

8,315

APP-14246643.FP.FTS.B

,

14

.99

%

,

7/17/25

12,736

12,837

APP-14865343.FP.FTS.B

,

10

.24

%

,

7/21/25

16,279

16,431

APP-14256949.FP.FTS.B

,

16

.24

%

,

8/23/25

22,616

22,769

APP-14580010.FP.FTS.B

,

23

.49

%

,

9/07/25

10,098

2,181

APP-10561160.FP.FTS.B

,

18

.99

%

,

9/13/25

9,473

9,926

APP-10551332.FP.FTS.B

,

17

.49

%

,

9/18/25

2,610

2,635

APP-10551426.FP.FTS.B

,

10

.99

%

,

9/21/25

10,613

10,759

APP-10671065.FP.FTS.B

,

18

.99

%

,

10/09/25

5,101

5,299

APP-10752759.FP.FTS.B

,

18

.99

%

,

10/17/25

12,774

13,247

APP-10617769.FP.FTS.B

,

17

.49

%

,

10/30/25

12,126

7,060

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

69

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Freedom

Financial

Asset

Management

LLC

(continued)

APP-10580212.FP.FTS.B

,

18

.49

%

,

11/03/25

$

8,199

$

8,485

APP-10561236.FP.FTS.B

,

15

.99

%

,

11/04/25

15,395

15,678

APP-10627143.FP.FTS.B

,

16

.99

%

,

11/09/25

6,346

6,522

APP-10671041.FP.FTS.B

,

16

.49

%

,

11/16/25

10,758

11,066

APP-10703763.FP.FTS.B

,

14

.49

%

,

11/20/25

10,907

11,235

APP-10692670.FP.FTS.B

,

18

.49

%

,

11/22/25

4,933

5,089

APP-10776590.FP.FTS.B

,

18

.49

%

,

11/23/25

9,640

9,983

APP-10745958.FP.FTS.B

,

8

.99

%

,

11/30/25

6,360

6,443

APP-11008674.FP.FTS.B

,

10

.99

%

,

12/05/25

9,946

10,088

APP-11041391.FP.FTS.B

,

11

.49

%

,

12/10/25

18,218

18,479

APP-11039564.FP.FTS.B

,

10

.99

%

,

12/12/25

6,675

6,706

APP-11034532.FP.FTS.B

,

8

.99

%

,

12/13/25

15,139

15,366

APP-10941172.FP.FTS.B

,

10

.99

%

,

12/14/25

12,192

12,376

APP-10293581.FP.FTS.B

,

11

.49

%

,

12/14/25

17,199

17,460

APP-10856578.FP.FTS.B

,

18

.49

%

,

12/14/25

5,169

5,320

APP-11701384.FP.FTS.B

,

18

.49

%

,

12/15/25

3,420

3,496

APP-11823260.FP.FTS.B

,

11

.99

%

,

12/16/25

6,433

6,526

APP-11031081.FP.FTS.B

,

15

.99

%

,

1/03/26

12,227

1,275

APP-12050720.FP.FTS.B

,

18

.99

%

,

1/16/26

5,427

5,618

APP-12180264.FP.FTS.B

,

10

.24

%

,

1/26/26

7,225

7,340

APP-12231617.FP.FTS.B

,

16

.99

%

,

1/26/26

12,699

13,134

APP-12244001.FP.FTS.B

,

13

.24

%

,

1/27/26

5,234

5,319

APP-10775435.FP.FTS.B

,

15

.49

%

,

1/31/26

7,705

7,756

APP-11694088.FP.FTS.B

,

17

.74

%

,

2/01/26

12,333

12,385

APP-11740763.FP.FTS.B

,

13

.99

%

,

2/04/26

4,545

4,557

APP-11798624.FP.FTS.B

,

17

.99

%

,

2/04/26

10,991

11,318

APP-11822517.FP.FTS.B

,

9

.99

%

,

2/05/26

.

11,758

11,861

APP-11764476.FP.FTS.B

,

13

.24

%

,

2/05/26

5,389

5,478

APP-11754629.FP.FTS.B

,

12

.24

%

,

2/06/26

20,985

21,322

APP-11817911.FP.FTS.B

,

18

.74

%

,

2/13/26

4,764

4,836

APP-12887499.FP.FTS.B

,

19

.49

%

,

2/25/26

5,293

5,464

APP-12780048.FP.FTS.B

,

8

.24

%

,

2/28/26

.

9,934

10,061

APP-10561482.FP.FTS.B

,

16

.99

%

,

2/28/26

14,831

15,235

APP-12543851.FP.FTS.B

,

12

.74

%

,

3/01/26

15,657

15,853

APP-11746987.FP.FTS.B

,

18

.49

%

,

3/05/26

12,483

12,923

APP-12934173.FP.FTS.B

,

10

.24

%

,

3/08/26

10,128

10,272

APP-12244619.FP.FTS.B

,

15

.74

%

,

3/09/26

29,801

16,365

APP-12253162.FP.FTS.B

,

19

.99

%

,

3/12/26

10,033

10,424

APP-12176269.FP.FTS.B

,

16

.49

%

,

3/13/26

14,304

14,847

APP-13161478.FP.FTS.B

,

18

.74

%

,

3/17/26

12,867

13,445

APP-13385202.FP.FTS.B

,

24

.99

%

,

3/19/26

1,150

1,139

APP-12675358.FP.FTS.B

,

11

.99

%

,

3/28/26

3,427

3,441

APP-11877668.FP.FTS.B

,

16

.49

%

,

3/28/26

14,505

15,216

APP-13414992.FP.FTS.B

,

9

.99

%

,

3/30/26

.

16,822

17,040

APP-12803304.FP.FTS.B

,

18

.24

%

,

3/31/26

17,708

18,129

APP-13645065.FP.FTS.B

,

12

.84

%

,

4/01/26

10,921

11,063

APP-12779873.FP.FTS.B

,

9

.49

%

,

4/03/26

.

16,971

17,195

APP-12886380.FP.FTS.B

,

9

.99

%

,

4/03/26

.

18,147

18,387

APP-12889924.FP.FTS.B

,

18

.74

%

,

4/03/26

14,817

15,310

APP-12744909.FP.FTS.B

,

10

.24

%

,

4/09/26

5,454

5,471

APP-12762134.FP.FTS.B

,

20

.49

%

,

4/09/26

30,426

31,468

APP-12993588.FP.FTS.B

,

20

.99

%

,

4/09/26

657

651

APP-12675383.FP.FTS.B

,

12

.24

%

,

4/10/26

13,565

13,778

APP-12787408.FP.FTS.B

,

14

.99

%

,

4/10/26

11,621

11,827

APP-12799632.FP.FTS.B

,

15

.99

%

,

4/10/26

16,265

16,651

APP-12786604.FP.FTS.B

,

16

.24

%

,

4/10/26

18,773

19,312

APP-13675444.FP.FTS.B

,

18

.99

%

,

4/10/26

2,465

411

APP-12991443.FP.FTS.B

,

24

.99

%

,

4/10/26

5,788

5,994

Description

Principal

Amount

Value

Freedom

Financial

Asset

Management

LLC

(continued)

APP-12779696.FP.FTS.B

,

10

.99

%

,

4/11/26

$

24,917

$

25,260

APP-12414665.FP.FTS.B

,

17

.49

%

,

4/11/26

6,891

7,022

APP-12792270.FP.FTS.B

,

17

.99

%

,

4/11/26

11,934

12,285

APP-13059570.FP.FTS.B

,

8

.24

%

,

4/12/26

.

8,651

8,776

APP-11694989.FP.FTS.B

,

9

.99

%

,

4/12/26

.

11,084

11,279

APP-13048169.FP.FTS.B

,

10

.24

%

,

4/12/26

8,153

8,269

APP-13021207.FP.FTS.B

,

13

.99

%

,

4/15/26

14,508

14,868

APP-12800863.FP.FTS.B

,

17

.49

%

,

4/15/26

9,347

9,685

APP-13155578.FP.FTS.B

,

12

.74

%

,

4/17/26

14,736

14,965

APP-12858657.FP.FTS.B

,

12

.99

%

,

4/17/26

25,417

25,867

APP-13115033.FP.FTS.B

,

19

.49

%

,

4/17/26

6,008

6,174

APP-12911306.FP.FTS.B

,

7

.99

%

,

4/22/26

.

21,722

22,070

APP-13014947.FP.FTS.B

,

14

.99

%

,

4/23/26

11,720

11,980

APP-12859987.FP.FTS.B

,

14

.74

%

,

4/26/26

17,128

17,695

APP-12777585.FP.FTS.B

,

19

.49

%

,

4/29/26

8,872

892

APP-12949437.FP.FTS.B

,

21

.99

%

,

4/30/26

11,039

11,381

APP-13423683.FP.FTS.B

,

9

.99

%

,

5/01/26

.

15,693

15,904

APP-13396926.FP.FTS.B

,

13

.74

%

,

5/01/26

21,501

21,933

APP-13439922.FP.FTS.B

,

16

.99

%

,

5/01/26

9,806

10,039

APP-13431847.FP.FTS.B

,

24

.99

%

,

5/01/26

7,214

676

APP-14385374.FP.FTS.B

,

19

.49

%

,

5/03/26

6,570

6,688

APP-13431225.FP.FTS.B

,

16

.99

%

,

5/04/26

10,192

10,406

APP-13429002.FP.FTS.B

,

8

.24

%

,

5/10/26

.

10,158

10,308

APP-13628390.FP.FTS.B

,

19

.99

%

,

5/11/26

8,773

9,037

APP-13649172.FP.FTS.B

,

13

.49

%

,

5/12/26

11,747

11,939

APP-13386894.FP.FTS.B

,

7

.99

%

,

5/14/26

.

14,102

14,319

APP-13441691.FP.FTS.B

,

17

.99

%

,

5/14/26

12,765

13,150

APP-13431194.FP.FTS.B

,

18

.49

%

,

5/14/26

14,605

4,880

APP-14371343.FP.FTS.B

,

11

.74

%

,

5/15/26

29,975

30,414

APP-14427608.FP.FTS.B

,

11

.74

%

,

5/15/26

29,930

30,367

APP-13644126.FP.FTS.B

,

10

.34

%

,

5/20/26

12,100

12,289

APP-13628557.FP.FTS.B

,

18

.49

%

,

5/27/26

11,872

12,338

APP-13441795.FP.FTS.B

,

12

.74

%

,

6/01/26

18,678

18,966

APP-14179201.FP.FTS.B

,

12

.34

%

,

6/08/26

7,468

7,578

APP-13657810.FP.FTS.B

,

18

.99

%

,

6/12/26

17,518

3,586

APP-14276082.FP.FTS.B

,

10

.34

%

,

6/15/26

14,941

15,163

APP-14398590.FP.FTS.B

,

10

.99

%

,

6/15/26

7,140

7,245

APP-14189728.FP.FTS.B

,

17

.74

%

,

6/15/26

32,717

33,537

APP-12886960.FP.FTS.B

,

22

.49

%

,

6/15/26

6,084

6,281

APP-14306826.FP.FTS.B

,

10

.34

%

,

6/17/26

15,290

15,510

APP-14230815.FP.FTS.B

,

10

.34

%

,

6/20/26

14,901

15,138

APP-14203522.FP.FTS.B

,

17

.49

%

,

6/20/26

15,605

16,035

APP-14531089.FP.FTS.B

,

10

.99

%

,

6/22/26

11,903

12,098

APP-14549001.FP.FTS.B

,

21

.49

%

,

6/23/26

17,784

18,400

APP-14241416.FP.FTS.B

,

12

.59

%

,

6/24/26

21,333

21,720

APP-13605261.FP.FTS.B

,

13

.74

%

,

6/26/26

21,180

21,740

APP-14372335.FP.FTS.B

,

12

.99

%

,

6/30/26

15,144

15,374

APP-14409335.FP.FTS.B

,

18

.49

%

,

7/01/26

6,562

6,668

APP-14491910.FP.FTS.B

,

22

.49

%

,

7/04/26

10,105

10,132

APP-15018518.FP.FTS.B

,

11

.24

%

,

7/11/26

5,612

5,650

APP-15020512.FP.FTS.B

,

10

.24

%

,

7/15/26

19,486

19,763

APP-13899724.FP.FTS.B

,

11

.24

%

,

7/18/26

10,067

10,223

APP-14698479.FP.FTS.B

,

10

.74

%

,

7/24/26

24,468

24,866

APP-10179113.FP.FTS.B

,

12

.49

%

,

8/15/26

19,569

19,900

APP-10116903.FP.FTS.B

,

14

.24

%

,

8/15/26

13,990

14,247

APP-10063830.FP.FTS.B

,

15

.99

%

,

8/16/26

29,251

29,895

APP-10105795.FP.FTS.B

,

23

.49

%

,

8/17/26

14,246

14,980

APP-14531002.FP.FTS.B

,

17

.74

%

,

8/20/26

21,720

6,826

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

70

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Freedom

Financial

Asset

Management

LLC

(continued)

APP-10557980.FP.FTS.B

,

19

.99

%

,

9/05/26

$

9,104

$

9,405

APP-10060652.FP.FTS.B

,

11

.99

%

,

9/12/26

7,453

7,573

APP-10622378.FP.FTS.B

,

13

.24

%

,

9/15/26

28,768

29,195

APP-10190160.FP.FTS.B

,

18

.99

%

,

9/28/26

6,902

3,981

APP-10769538.FP.FTS.B

,

17

.99

%

,

10/09/26

17,023

17,540

APP-10571945.FP.FTS.B

,

11

.24

%

,

10/15/26

29,364

29,836

APP-11037126.FP.FTS.B

,

17

.99

%

,

10/18/26

6,611

6,731

APP-10173551.FP.FTS.B

,

20

.99

%

,

10/20/26

11,021

1,049

APP-10412146.FP.FTS.B

,

20

.49

%

,

10/21/26

15,573

16,239

APP-10610237.FP.FTS.B

,

11

.99

%

,

10/25/26

7,815

7,949

APP-10583794.FP.FTS.B

,

17

.49

%

,

10/28/26

9,421

9,671

APP-10482503.FP.FTS.B

,

17

.99

%

,

10/28/26

5,043

5,137

APP-11040439.FP.FTS.B

,

25

.49

%

,

10/28/26

6,932

4,346

APP-10607213.FP.FTS.B

,

16

.49

%

,

10/29/26

8,453

8,578

APP-11029842.FP.FTS.B

,

11

.99

%

,

10/30/26

18,777

19,065

APP-11029798.FP.FTS.B

,

17

.49

%

,

10/30/26

9,999

10,152

APP-11036737.FP.FTS.B

,

18

.99

%

,

10/30/26

6,558

6,721

APP-10547265.FP.FTS.B

,

22

.49

%

,

10/31/26

20,738

6,853

APP-10567055.FP.FTS.B

,

13

.24

%

,

11/01/26

30,138

30,661

APP-10597275.FP.FTS.B

,

14

.49

%

,

11/01/26

7,209

1,306

APP-10561574.FP.FTS.B

,

14

.74

%

,

11/02/26

16,980

17,298

APP-10590862.FP.FTS.B

,

11

.99

%

,

11/05/26

11,484

11,675

APP-10599539.FP.FTS.B

,

13

.24

%

,

11/05/26

27,983

28,451

APP-10453183.FP.FTS.B

,

17

.49

%

,

11/07/26

25,203

25,732

APP-10623552.FP.FTS.B

,

18

.99

%

,

11/09/26

16,031

16,552

APP-10770659.FP.FTS.B

,

21

.49

%

,

11/10/26

14,065

14,675

APP-10781246.FP.FTS.B

,

14

.24

%

,

11/15/26

9,747

9,945

APP-10773777.FP.FTS.B

,

16

.99

%

,

11/15/26

12,442

12,707

APP-10779675.FP.FTS.B

,

21

.49

%

,

11/21/26

11,166

11,702

APP-10756900.FP.FTS.B

,

16

.99

%

,

11/22/26

12,538

13,006

APP-10760354.FP.FTS.B

,

11

.99

%

,

11/23/26

11,902

12,133

APP-10508033.FP.FTS.B

,

17

.49

%

,

11/23/26

19,556

20,038

APP-10780937.FP.FTS.B

,

16

.49

%

,

11/24/26

4,937

5,048

APP-14420730.FP.FTS.B

,

20

.49

%

,

11/30/26

7,726

4,333

APP-10991025.FP.FTS.B

,

19

.49

%

,

12/05/26

8,724

8,991

APP-11035966.FP.FTS.B

,

21

.99

%

,

12/13/26

5,463

5,659

APP-10916888.FP.FTS.B

,

11

.99

%

,

12/14/26

9,728

9,907

APP-11025771.FP.FTS.B

,

11

.99

%

,

12/14/26

15,603

15,889

APP-11743320.FP.FTS.B

,

13

.24

%

,

12/17/26

13,196

13,439

APP-11737338.FP.FTS.B

,

13

.24

%

,

12/22/26

20,527

20,908

APP-11755185.FP.FTS.B

,

10

.99

%

,

12/23/26

18,497

18,837

APP-11751486.FP.FTS.B

,

11

.24

%

,

12/23/26

11,494

11,700

APP-09447197.FP.FTS.B

,

13

.49

%

,

12/23/26

9,587

9,778

APP-11609592.FP.FTS.B

,

14

.74

%

,

12/24/26

25,443

25,934

APP-11822223.FP.FTS.B

,

10

.99

%

,

12/30/26

13,703

13,921

APP-11806677.FP.FTS.B

,

11

.74

%

,

12/30/26

26,879

27,307

APP-11815677.FP.FTS.B

,

13

.74

%

,

12/30/26

16,715

16,981

APP-11820229.FP.FTS.B

,

17

.49

%

,

12/30/26

9,170

9,363

APP-11800117.FP.FTS.B

,

19

.99

%

,

12/30/26

8,593

8,751

APP-10997848.FP.FTS.B

,

20

.49

%

,

12/30/26

12,147

12,461

APP-10692390.FP.FTS.B

,

16

.49

%

,

12/31/26

9,597

9,779

APP-11753872.FP.FTS.B

,

13

.24

%

,

1/25/27

14,507

14,797

APP-12234684.FP.FTS.B

,

16

.74

%

,

1/26/27

33,214

33,975

APP-12242133.FP.FTS.B

,

22

.99

%

,

1/27/27

10,799

11,265

APP-11752574.FP.FTS.B

,

18

.24

%

,

1/28/27

33,003

34,440

APP-12243752.FP.FTS.B

,

19

.99

%

,

1/28/27

12,214

12,525

APP-11704828.FP.FTS.B

,

17

.49

%

,

1/31/27

7,465

7,685

APP-11799569.FP.FTS.B

,

19

.99

%

,

2/02/27

7,434

7,624

Description

Principal

Amount

Value

Freedom

Financial

Asset

Management

LLC

(continued)

APP-11730595.FP.FTS.B

,

11

.99

%

,

2/04/27

$

17,519

$

4,982

APP-11689702.FP.FTS.B

,

10

.49

%

,

2/05/27

24,454

24,869

APP-11693799.FP.FTS.B

,

16

.99

%

,

2/05/27

10,133

10,416

APP-11750215.FP.FTS.B

,

18

.24

%

,

2/05/27

23,798

24,473

APP-11693943.FP.FTS.B

,

10

.99

%

,

2/06/27

23,539

23,950

APP-11771449.FP.FTS.B

,

9

.74

%

,

2/10/27

.

31,431

31,982

APP-11799619.FP.FTS.B

,

17

.99

%

,

2/11/27

15,518

16,067

APP-11806403.FP.FTS.B

,

19

.99

%

,

2/11/27

14,587

15,112

APP-11443313.FP.FTS.B

,

9

.99

%

,

2/12/27

.

18,307

2,021

APP-11694094.FP.FTS.B

,

11

.24

%

,

2/12/27

9,125

9,304

APP-11816991.FP.FTS.B

,

16

.24

%

,

2/12/27

20,108

20,553

APP-11813343.FP.FTS.B

,

11

.74

%

,

2/13/27

32,119

32,720

APP-11804818.FP.FTS.B

,

14

.99

%

,

2/13/27

13,260

13,645

APP-11790590.FP.FTS.B

,

17

.74

%

,

2/13/27

20,303

20,976

APP-11814239.FP.FTS.B

,

17

.74

%

,

2/13/27

26,538

27,508

APP-11748155.FP.FTS.B

,

14

.24

%

,

2/15/27

22,989

23,500

APP-12801776.FP.FTS.B

,

18

.49

%

,

2/15/27

17,399

17,882

APP-12796607.FP.FTS.B

,

17

.74

%

,

2/16/27

22,882

23,662

APP-12797866.FP.FTS.B

,

19

.99

%

,

2/17/27

10,775

2,341

APP-12779435.FP.FTS.B

,

10

.49

%

,

2/18/27

20,045

20,358

APP-12784633.FP.FTS.B

,

22

.99

%

,

2/21/27

12,882

13,332

APP-12677509.FP.FTS.B

,

8

.49

%

,

2/22/27

.

19,953

20,295

APP-12792566.FP.FTS.B

,

16

.49

%

,

2/25/27

10,382

10,595

APP-12793802.FP.FTS.B

,

16

.74

%

,

2/25/27

28,052

28,511

APP-12769457.FP.FTS.B

,

17

.99

%

,

2/25/27

5,157

5,118

APP-12883181.FP.FTS.B

,

8

.99

%

,

2/28/27

.

22,530

22,880

APP-12819064.FP.FTS.B

,

10

.99

%

,

2/28/27

27,441

14,138

APP-13022008.FP.FTS.B

,

10

.99

%

,

3/01/27

25,122

25,491

APP-12800786.FP.FTS.B

,

11

.24

%

,

3/01/27

13,738

13,976

APP-13018059.FP.FTS.B

,

12

.99

%

,

3/01/27

7,862

7,996

APP-12814994.FP.FTS.B

,

13

.74

%

,

3/01/27

6,789

6,895

APP-12846368.FP.FTS.B

,

19

.99

%

,

3/01/27

14,394

14,765

APP-12932776.FP.FTS.B

,

16

.49

%

,

3/02/27

8,832

8,960

APP-12243437.FP.FTS.B

,

11

.24

%

,

3/04/27

20,876

21,239

APP-12244716.FP.FTS.B

,

19

.99

%

,

3/05/27

17,556

18,076

APP-12116704.FP.FTS.B

,

11

.74

%

,

3/06/27

29,842

30,361

APP-12234254.FP.FTS.B

,

11

.24

%

,

3/10/27

10,166

10,350

APP-12213150.FP.FTS.B

,

18

.49

%

,

3/10/27

8,535

8,776

APP-12243221.FP.FTS.B

,

8

.49

%

,

3/11/27

.

19,165

19,516

APP-12232207.FP.FTS.B

,

18

.99

%

,

3/11/27

12,227

12,588

APP-12249171.FP.FTS.B

,

13

.49

%

,

3/12/27

5,165

5,186

APP-13060467.FP.FTS.B

,

11

.74

%

,

3/15/27

33,398

33,961

APP-13155858.FP.FTS.B

,

10

.99

%

,

3/16/27

14,533

14,771

APP-13442368.FP.FTS.B

,

11

.49

%

,

3/16/27

11,117

11,301

APP-13061057.FP.FTS.B

,

13

.49

%

,

3/16/27

11,451

11,650

APP-13093148.FP.FTS.B

,

19

.74

%

,

3/16/27

27,971

28,935

APP-13253640.FP.FTS.B

,

11

.24

%

,

3/20/27

10,587

10,758

APP-13323349.FP.FTS.B

,

16

.49

%

,

3/25/27

10,049

10,255

APP-13430153.FP.FTS.B

,

20

.49

%

,

3/25/27

13,711

14,255

APP-13207096.FP.FTS.B

,

19

.49

%

,

3/26/27

12,729

13,273

APP-12782877.FP.FTS.B

,

8

.49

%

,

3/28/27

.

18,902

19,246

APP-12799003.FP.FTS.B

,

10

.99

%

,

3/28/27

13,276

13,523

APP-12778979.FP.FTS.B

,

16

.24

%

,

3/28/27

20,777

21,538

APP-12781429.FP.FTS.B

,

17

.74

%

,

3/28/27

25,124

26,127

APP-12771953.FP.FTS.B

,

18

.49

%

,

3/28/27

14,441

14,962

APP-13375770.FP.FTS.B

,

19

.24

%

,

3/28/27

15,612

9,747

APP-13370208.FP.FTS.B

,

19

.74

%

,

3/28/27

15,627

15,978

APP-12758093.FP.FTS.B

,

8

.99

%

,

3/29/27

.

13,066

13,254

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

71

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Freedom

Financial

Asset

Management

LLC

(continued)

APP-12767372.FP.FTS.B

,

10

.99

%

,

3/29/27

$

13,590

$

13,783

APP-12779388.FP.FTS.B

,

10

.99

%

,

3/29/27

26,567

26,944

APP-12791753.FP.FTS.B

,

10

.99

%

,

3/29/27

17,494

17,746

APP-12784176.FP.FTS.B

,

11

.24

%

,

3/29/27

23,359

23,706

APP-12795625.FP.FTS.B

,

13

.49

%

,

3/29/27

13,427

13,623

APP-12674361.FP.FTS.B

,

15

.24

%

,

3/29/27

26,193

26,693

APP-12802958.FP.FTS.B

,

16

.49

%

,

3/29/27

17,255

17,645

APP-13402497.FP.FTS.B

,

16

.49

%

,

3/29/27

14,189

14,460

APP-12281515.FP.FTS.B

,

17

.49

%

,

3/29/27

10,708

10,909

APP-12802206.FP.FTS.B

,

17

.74

%

,

3/29/27

34,009

34,683

APP-13389764.FP.FTS.B

,

17

.74

%

,

3/29/27

21,450

21,953

APP-12801049.FP.FTS.B

,

18

.99

%

,

3/29/27

7,652

7,794

APP-13251661.FP.FTS.B

,

20

.24

%

,

3/29/27

19,755

20,309

APP-12795571.FP.FTS.B

,

22

.49

%

,

3/29/27

26,132

26,706

APP-13009028.FP.FTS.B

,

10

.99

%

,

3/30/27

16,514

16,767

APP-12577391.FP.FTS.B

,

11

.74

%

,

3/30/27

33,429

33,909

APP-13421220.FP.FTS.B

,

14

.49

%

,

3/30/27

14,698

14,931

APP-13416410.FP.FTS.B

,

18

.49

%

,

3/30/27

8,636

8,803

APP-11799428.FP.FTS.B

,

19

.99

%

,

3/30/27

20,779

21,101

APP-13405408.FP.FTS.B

,

23

.24

%

,

3/30/27

15,171

15,500

APP-12231685.FP.FTS.B

,

19

.74

%

,

3/31/27

29,347

30,007

APP-13630932.FP.FTS.B

,

11

.84

%

,

4/01/27

10,736

10,894

APP-12638350.FP.FTS.B

,

13

.24

%

,

4/01/27

16,939

17,203

APP-12674905.FP.FTS.B

,

13

.24

%

,

4/01/27

8,490

8,494

APP-12840175.FP.FTS.B

,

15

.49

%

,

4/01/27

8,055

8,235

APP-12761107.FP.FTS.B

,

16

.49

%

,

4/01/27

15,924

16,267

APP-12542914.FP.FTS.B

,

20

.49

%

,

4/01/27

9,623

9,863

APP-12674748.FP.FTS.B

,

13

.99

%

,

4/02/27

34,110

34,638

APP-12787387.FP.FTS.B

,

16

.49

%

,

4/02/27

9,950

10,112

APP-12882995.FP.FTS.B

,

10

.99

%

,

4/03/27

26,578

26,981

APP-12867499.FP.FTS.B

,

13

.74

%

,

4/03/27

6,799

6,901

APP-12887758.FP.FTS.B

,

16

.49

%

,

4/03/27

15,294

15,551

APP-12890485.FP.FTS.B

,

18

.99

%

,

4/03/27

10,413

10,645

APP-12784441.FP.FTS.B

,

20

.49

%

,

4/05/27

19,346

11,661

APP-12811031.FP.FTS.B

,

20

.99

%

,

4/05/27

13,893

14,413

APP-13538222.FP.FTS.B

,

11

.34

%

,

4/06/27

23,778

24,134

APP-12802041.FP.FTS.B

,

13

.99

%

,

4/06/27

34,161

34,734

APP-13673131.FP.FTS.B

,

11

.34

%

,

4/07/27

13,796

14,005

APP-11924087.FP.FTS.B

,

13

.49

%

,

4/07/27

12,061

12,267

APP-12804826.FP.FTS.B

,

19

.99

%

,

4/08/27

5,401

5,532

APP-12700449.FP.FTS.B

,

24

.99

%

,

4/09/27

39,013

24,332

APP-12736035.FP.FTS.B

,

8

.99

%

,

4/10/27

.

17,239

17,527

APP-12758120.FP.FTS.B

,

10

.99

%

,

4/10/27

17,484

17,762

APP-13018537.FP.FTS.B

,

10

.99

%

,

4/10/27

16,611

16,875

APP-12795960.FP.FTS.B

,

13

.24

%

,

4/10/27

17,044

17,351

APP-12413477.FP.FTS.B

,

15

.49

%

,

4/10/27

8,343

8,543

APP-12637418.FP.FTS.B

,

16

.49

%

,

4/10/27

17,201

17,498

APP-12796424.FP.FTS.B

,

17

.99

%

,

4/10/27

10,650

10,956

APP-13016825.FP.FTS.B

,

17

.99

%

,

4/10/27

18,209

18,741

APP-13018575.FP.FTS.B

,

18

.74

%

,

4/10/27

35,353

36,234

APP-12770485.FP.FTS.B

,

20

.49

%

,

4/10/27

11,593

11,927

APP-12723310.FP.FTS.B

,

22

.99

%

,

4/10/27

11,823

12,184

APP-13009797.FP.FTS.B

,

25

.49

%

,

4/10/27

8,531

8,786

APP-12801468.FP.FTS.B

,

11

.24

%

,

4/11/27

6,215

6,279

APP-13662283.FP.FTS.B

,

11

.59

%

,

4/11/27

11,880

12,056

APP-12735907.FP.FTS.B

,

11

.74

%

,

4/11/27

33,656

34,239

APP-12119588.FP.FTS.B

,

13

.74

%

,

4/11/27

8,036

8,178

APP-09096529.FP.FTS.B

,

10

.49

%

,

4/12/27

20,151

20,501

Description

Principal

Amount

Value

Freedom

Financial

Asset

Management

LLC

(continued)

APP-12870868.FP.FTS.B

,

13

.24

%

,

4/12/27

$

20,281

$

20,663

APP-11872577.FP.FTS.B

,

13

.99

%

,

4/12/27

30,242

30,809

APP-12780320.FP.FTS.B

,

14

.99

%

,

4/12/27

12,649

12,904

APP-12794611.FP.FTS.B

,

16

.49

%

,

4/12/27

18,780

19,191

APP-12674073.FP.FTS.B

,

17

.49

%

,

4/13/27

21,086

21,625

APP-12119732.FP.FTS.B

,

22

.49

%

,

4/13/27

7,852

8,147

APP-12819793.FP.FTS.B

,

11

.24

%

,

4/14/27

9,662

9,820

APP-12933712.FP.FTS.B

,

16

.99

%

,

4/14/27

12,294

12,627

APP-12601811.FP.FTS.B

,

10

.49

%

,

4/15/27

7,378

7,394

APP-12847750.FP.FTS.B

,

10

.49

%

,

4/15/27

19,817

20,186

APP-12880291.FP.FTS.B

,

10

.99

%

,

4/15/27

18,583

18,920

APP-12884053.FP.FTS.B

,

10

.99

%

,

4/15/27

16,945

17,258

APP-12886061.FP.FTS.B

,

10

.99

%

,

4/15/27

16,722

17,027

APP-12890839.FP.FTS.B

,

12

.99

%

,

4/15/27

4,804

4,850

APP-12889697.FP.FTS.B

,

14

.49

%

,

4/15/27

16,015

16,354

APP-12879648.FP.FTS.B

,

14

.99

%

,

4/15/27

2,886

2,880

APP-12872440.FP.FTS.B

,

16

.49

%

,

4/15/27

8,429

8,668

APP-13062300.FP.FTS.B

,

17

.49

%

,

4/15/27

11,223

11,496

APP-12674259.FP.FTS.B

,

19

.99

%

,

4/15/27

7,195

7,378

APP-13008146.FP.FTS.B

,

19

.99

%

,

4/15/27

10,484

10,810

APP-12780020.FP.FTS.B

,

8

.99

%

,

4/16/27

.

21,557

21,913

APP-12801088.FP.FTS.B

,

10

.99

%

,

4/16/27

17,803

18,131

APP-12831439.FP.FTS.B

,

10

.99

%

,

4/16/27

23,426

23,858

APP-12540590.FP.FTS.B

,

14

.49

%

,

4/16/27

20,593

21,036

APP-12845270.FP.FTS.B

,

17

.74

%

,

4/16/27

28,579

29,182

APP-12863914.FP.FTS.B

,

19

.49

%

,

4/16/27

12,547

12,983

APP-12848627.FP.FTS.B

,

21

.99

%

,

4/16/27

7,747

7,993

APP-13157103.FP.FTS.B

,

9

.24

%

,

4/17/27

.

9,817

9,966

APP-12779666.FP.FTS.B

,

11

.49

%

,

4/17/27

12,040

12,257

APP-12883157.FP.FTS.B

,

13

.74

%

,

4/17/27

7,554

7,701

APP-12800972.FP.FTS.B

,

17

.49

%

,

4/17/27

16,590

17,074

APP-13156398.FP.FTS.B

,

17

.74

%

,

4/17/27

33,672

34,554

APP-12800643.FP.FTS.B

,

19

.74

%

,

4/17/27

29,297

30,232

APP-13158258.FP.FTS.B

,

19

.99

%

,

4/17/27

9,099

9,394

APP-12931503.FP.FTS.B

,

13

.24

%

,

4/18/27

17,021

17,350

APP-13141094.FP.FTS.B

,

10

.99

%

,

4/20/27

26,622

27,087

APP-13083128.FP.FTS.B

,

11

.24

%

,

4/20/27

14,661

14,934

APP-13009743.FP.FTS.B

,

10

.99

%

,

4/22/27

14,046

14,313

APP-12674727.FP.FTS.B

,

13

.24

%

,

4/22/27

22,596

23,061

APP-09645128.FP.FTS.B

,

15

.49

%

,

4/23/27

34,781

35,424

APP-13017812.FP.FTS.B

,

16

.49

%

,

4/23/27

3,519

3,511

APP-12910819.FP.FTS.B

,

17

.99

%

,

4/23/27

5,312

5,437

APP-12997870.FP.FTS.B

,

19

.99

%

,

4/23/27

17,863

18,425

APP-12977040.FP.FTS.B

,

20

.49

%

,

4/23/27

12,846

13,359

APP-13166600.FP.FTS.B

,

21

.49

%

,

4/23/27

10,501

10,897

APP-12944703.FP.FTS.B

,

22

.49

%

,

4/23/27

8,502

2,906

APP-12911189.FP.FTS.B

,

20

.49

%

,

4/24/27

3,406

3,368

APP-11888471.FP.FTS.B

,

16

.49

%

,

4/25/27

16,208

16,570

APP-13068321.FP.FTS.B

,

18

.24

%

,

4/25/27

32,714

33,813

APP-11022483.FP.FTS.B

,

18

.99

%

,

4/25/27

6,259

639

APP-13057143.FP.FTS.B

,

10

.99

%

,

4/26/27

23,746

24,198

APP-13061655.FP.FTS.B

,

13

.24

%

,

4/26/27

23,895

24,386

APP-12933713.FP.FTS.B

,

17

.99

%

,

4/26/27

18,280

18,843

APP-13345325.FP.FTS.B

,

19

.99

%

,

4/26/27

7,640

7,585

APP-13106287.FP.FTS.B

,

11

.74

%

,

4/28/27

30,637

31,162

APP-13060974.FP.FTS.B

,

19

.74

%

,

4/28/27

24,612

25,143

APP-13155767.FP.FTS.B

,

23

.24

%

,

4/28/27

16,574

5,852

APP-12798277.FP.FTS.B

,

13

.24

%

,

4/29/27

15,832

16,064

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

72

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Freedom

Financial

Asset

Management

LLC

(continued)

APP-13139319.FP.FTS.B

,

11

.24

%

,

4/30/27

$

17,277

$

8,998

APP-13060795.FP.FTS.B

,

17

.49

%

,

4/30/27

3,380

3,363

APP-12042791.FP.FTS.B

,

18

.74

%

,

4/30/27

38,217

38,781

APP-12974063.FP.FTS.B

,

19

.99

%

,

4/30/27

19,138

19,577

APP-13134349.FP.FTS.B

,

21

.24

%

,

4/30/27

16,404

16,792

APP-13421715.FP.FTS.B

,

10

.99

%

,

5/01/27

18,023

18,296

APP-13423557.FP.FTS.B

,

10

.99

%

,

5/01/27

19,374

19,668

APP-13424293.FP.FTS.B

,

10

.99

%

,

5/01/27

14,464

14,683

APP-13431042.FP.FTS.B

,

10

.99

%

,

5/01/27

13,598

13,803

APP-13131348.FP.FTS.B

,

13

.74

%

,

5/01/27

18,329

18,676

APP-13439065.FP.FTS.B

,

14

.24

%

,

5/01/27

25,561

25,983

APP-13431253.FP.FTS.B

,

16

.49

%

,

5/01/27

15,905

16,168

APP-13408703.FP.FTS.B

,

16

.99

%

,

5/01/27

9,997

10,212

APP-13430747.FP.FTS.B

,

17

.49

%

,

5/01/27

11,302

11,524

APP-13154672.FP.FTS.B

,

18

.49

%

,

5/01/27

17,114

2,140

APP-13422992.FP.FTS.B

,

18

.99

%

,

5/01/27

20,973

21,398

APP-13430284.FP.FTS.B

,

19

.99

%

,

5/01/27

8,750

8,947

APP-13430327.FP.FTS.B

,

19

.99

%

,

5/01/27

7,287

7,435

APP-13441350.FP.FTS.B

,

19

.99

%

,

5/01/27

7,284

7,431

APP-13410577.FP.FTS.B

,

22

.99

%

,

5/01/27

10,856

11,107

APP-14247820.FP.FTS.B

,

11

.34

%

,

5/02/27

17,353

17,595

APP-13073067.FP.FTS.B

,

20

.49

%

,

5/02/27

7,610

7,781

APP-13342784.FP.FTS.B

,

21

.99

%

,

5/02/27

8,601

8,837

APP-13308191.FP.FTS.B

,

16

.99

%

,

5/04/27

7,097

7,102

APP-13389512.FP.FTS.B

,

13

.24

%

,

5/05/27

14,588

14,830

APP-12270573.FP.FTS.B

,

10

.99

%

,

5/06/27

25,232

25,639

APP-13301897.FP.FTS.B

,

16

.49

%

,

5/06/27

9,176

9,382

APP-13311434.FP.FTS.B

,

16

.49

%

,

5/08/27

9,971

10,148

APP-13193722.FP.FTS.B

,

11

.24

%

,

5/09/27

15,744

16,021

APP-13641523.FP.FTS.B

,

13

.59

%

,

5/10/27

17,325

17,617

APP-12932857.FP.FTS.B

,

18

.99

%

,

5/10/27

7,116

7,286

APP-12775739.FP.FTS.B

,

25

.49

%

,

5/10/27

7,531

7,757

APP-13323183.FP.FTS.B

,

18

.74

%

,

5/11/27

24,927

25,572

APP-12412862.FP.FTS.B

,

25

.49

%

,

5/11/27

8,592

8,816

APP-13658270.FP.FTS.B

,

9

.34

%

,

5/12/27

.

22,129

22,478

APP-13418718.FP.FTS.B

,

16

.24

%

,

5/12/27

19,887

20,268

APP-12412882.FP.FTS.B

,

17

.74

%

,

5/12/27

22,863

23,476

APP-13208283.FP.FTS.B

,

17

.99

%

,

5/12/27

18,748

19,160

APP-12675250.FP.FTS.B

,

19

.99

%

,

5/12/27

19,290

19,762

APP-13416172.FP.FTS.B

,

8

.99

%

,

5/13/27

.

16,233

16,516

APP-13031523.FP.FTS.B

,

10

.99

%

,

5/13/27

27,381

27,872

APP-13439563.FP.FTS.B

,

17

.49

%

,

5/13/27

501

498

APP-13438034.FP.FTS.B

,

17

.99

%

,

5/13/27

5,591

1,651

APP-13437001.FP.FTS.B

,

8

.49

%

,

5/14/27

.

20,088

20,440

APP-10823341.FP.FTS.B

,

15

.49

%

,

5/14/27

10,582

2,094

APP-13199989.FP.FTS.B

,

16

.74

%

,

5/14/27

33,815

34,709

APP-13436550.FP.FTS.B

,

16

.99

%

,

5/14/27

12,179

12,441

APP-13430567.FP.FTS.B

,

17

.49

%

,

5/14/27

12,247

12,569

APP-13417327.FP.FTS.B

,

17

.99

%

,

5/14/27

1,586

1,583

APP-13336406.FP.FTS.B

,

18

.49

%

,

5/14/27

16,519

16,962

APP-14356626.FP.FTS.B

,

18

.49

%

,

5/14/27

10,987

11,243

APP-13380372.FP.FTS.B

,

21

.99

%

,

5/14/27

26,931

2,670

APP-13431427.FP.FTS.B

,

21

.99

%

,

5/14/27

6,355

6,530

APP-13433077.FP.FTS.B

,

21

.99

%

,

5/14/27

2,159

2,138

APP-13318759.FP.FTS.B

,

22

.49

%

,

5/14/27

5,648

5,821

APP-13443719.FP.FTS.B

,

22

.49

%

,

5/14/27

6,881

7,094

APP-14548548.FP.FTS.B

,

22

.99

%

,

5/14/27

6,726

6,886

APP-13436993.FP.FTS.B

,

8

.99

%

,

5/15/27

.

17,418

17,729

Description

Principal

Amount

Value

Freedom

Financial

Asset

Management

LLC

(continued)

APP-13396243.FP.FTS.B

,

11

.24

%

,

5/15/27

$

10,843

$

11,044

APP-13440554.FP.FTS.B

,

11

.24

%

,

5/15/27

9,992

10,192

APP-13394315.FP.FTS.B

,

13

.24

%

,

5/15/27

27,576

28,138

APP-13435327.FP.FTS.B

,

13

.24

%

,

5/15/27

17,205

17,546

APP-13663645.FP.FTS.B

,

13

.59

%

,

5/15/27

19,865

20,204

APP-13644113.FP.FTS.B

,

14

.34

%

,

5/15/27

34,977

35,589

APP-13319688.FP.FTS.B

,

14

.49

%

,

5/15/27

19,373

19,698

APP-13444523.FP.FTS.B

,

16

.99

%

,

5/15/27

19,420

19,904

APP-13672139.FP.FTS.B

,

17

.49

%

,

5/15/27

13,616

13,871

APP-13666596.FP.FTS.B

,

20

.49

%

,

5/15/27

11,090

11,414

APP-14254675.FP.FTS.B

,

20

.49

%

,

5/15/27

1,672

1,653

APP-14531705.FP.FTS.B

,

22

.99

%

,

5/15/27

7,183

7,359

APP-11924095.FP.FTS.B

,

19

.99

%

,

5/16/27

8,988

8,964

APP-13628585.FP.FTS.B

,

20

.49

%

,

5/16/27

14,833

15,315

APP-14366522.FP.FTS.B

,

10

.49

%

,

5/18/27

33,855

3,689

APP-13658420.FP.FTS.B

,

19

.99

%

,

5/18/27

14,646

15,058

APP-13484600.FP.FTS.B

,

20

.49

%

,

5/18/27

13,299

13,673

APP-13537074.FP.FTS.B

,

9

.34

%

,

5/20/27

.

13,460

13,696

APP-13678923.FP.FTS.B

,

11

.34

%

,

5/20/27

21,911

22,303

APP-13637703.FP.FTS.B

,

14

.09

%

,

5/21/27

19,091

19,465

APP-13680651.FP.FTS.B

,

20

.49

%

,

5/21/27

9,366

9,667

APP-14444232.FP.FTS.B

,

21

.49

%

,

5/21/27

10,433

10,623

APP-12548143.FP.FTS.B

,

19

.99

%

,

5/23/27

20,959

21,580

APP-13624563.FP.FTS.B

,

22

.99

%

,

5/23/27

9,429

9,656

APP-13645609.FP.FTS.B

,

9

.34

%

,

5/24/27

.

26,968

27,467

APP-13629014.FP.FTS.B

,

14

.74

%

,

5/24/27

21,943

22,425

APP-13459107.FP.FTS.B

,

19

.99

%

,

5/24/27

6,915

7,106

APP-13659238.FP.FTS.B

,

13

.59

%

,

5/25/27

25,206

25,728

APP-13637168.FP.FTS.B

,

15

.24

%

,

5/25/27

31,524

32,232

APP-13337072.FP.FTS.B

,

18

.24

%

,

5/26/27

127

125

APP-13649694.FP.FTS.B

,

19

.49

%

,

5/26/27

11,279

11,498

APP-13051907.FP.FTS.B

,

25

.49

%

,

5/26/27

7,908

8,220

APP-13598334.FP.FTS.B

,

11

.34

%

,

5/27/27

17,185

17,525

APP-11810505.FP.FTS.B

,

21

.24

%

,

5/30/27

19,428

19,692

APP-14548905.FP.FTS.B

,

18

.99

%

,

5/31/27

8,901

8,816

APP-13162907.FP.FTS.B

,

16

.74

%

,

6/01/27

25,937

26,492

APP-14227389.FP.FTS.B

,

13

.59

%

,

6/08/27

21,248

21,591

APP-14263084.FP.FTS.B

,

20

.49

%

,

6/10/27

2,670

2,630

APP-12971734.FP.FTS.B

,

25

.49

%

,

6/10/27

9,012

9,108

APP-12782592.FP.FTS.B

,

16

.24

%

,

6/11/27

24,031

24,468

APP-14365422.FP.FTS.B

,

11

.99

%

,

6/15/27

7,069

7,153

APP-14343452.FP.FTS.B

,

17

.49

%

,

6/15/27

18,608

18,979

APP-14179022.FP.FTS.B

,

17

.99

%

,

6/15/27

9,211

9,326

APP-14257683.FP.FTS.B

,

20

.49

%

,

6/15/27

19,903

20,367

APP-14388011.FP.FTS.B

,

20

.99

%

,

6/15/27

7,490

7,414

APP-12967750.FP.FTS.B

,

21

.24

%

,

6/15/27

19,418

19,812

APP-14429358.FP.FTS.B

,

13

.74

%

,

6/17/27

3,078

3,079

APP-14252658.FP.FTS.B

,

19

.99

%

,

6/17/27

16,186

1,624

APP-13002914.FP.FTS.B

,

18

.99

%

,

6/20/27

13,846

14,092

APP-14177993.FP.FTS.B

,

11

.59

%

,

6/21/27

10,564

10,757

APP-14180064.FP.FTS.B

,

11

.59

%

,

6/21/27

13,564

13,811

APP-14236905.FP.FTS.B

,

17

.49

%

,

6/21/27

19,351

19,898

APP-14216604.FP.FTS.B

,

17

.74

%

,

6/21/27

29,521

30,265

APP-14547768.FP.FTS.B

,

11

.74

%

,

6/22/27

259

259

APP-14212566.FP.FTS.B

,

16

.74

%

,

6/22/27

26,241

26,803

APP-14196561.FP.FTS.B

,

13

.59

%

,

6/23/27

28,613

29,187

APP-13018067.FP.FTS.B

,

18

.99

%

,

6/23/27

15,463

1,327

APP-14178654.FP.FTS.B

,

9

.34

%

,

6/24/27

.

15,063

15,316

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

73

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Freedom

Financial

Asset

Management

LLC

(continued)

APP-14267906.FP.FTS.B

,

11

.59

%

,

6/24/27

$

11,122

$

11,335

APP-14588538.FP.FTS.B

,

19

.24

%

,

6/24/27

21,669

22,264

APP-14510576.FP.FTS.B

,

22

.74

%

,

6/24/27

9,066

9,340

APP-14427403.FP.FTS.B

,

24

.74

%

,

6/24/27

11,589

11,964

APP-14429127.FP.FTS.B

,

11

.74

%

,

6/25/27

20,666

21,043

APP-14369074.FP.FTS.B

,

12

.49

%

,

6/25/27

35,337

35,987

APP-09045394.FP.FTS.B

,

13

.74

%

,

6/25/27

8,526

8,679

APP-14578061.FP.FTS.B

,

11

.74

%

,

6/26/27

28,008

28,494

APP-14268521.FP.FTS.B

,

10

.09

%

,

6/27/27

34,684

35,325

APP-14413971.FP.FTS.B

,

12

.49

%

,

6/28/27

35,299

35,855

APP-14385312.FP.FTS.B

,

17

.24

%

,

6/28/27

26,622

27,063

APP-12794031.FP.FTS.B

,

18

.99

%

,

6/28/27

12,874

13,162

APP-14385385.FP.FTS.B

,

19

.24

%

,

6/28/27

23,967

24,354

APP-14391702.FP.FTS.B

,

22

.99

%

,

6/28/27

3,600

3,538

APP-14377174.FP.FTS.B

,

12

.24

%

,

6/29/27

13,724

13,941

APP-14409463.FP.FTS.B

,

18

.99

%

,

6/29/27

7,602

7,733

APP-14423027.FP.FTS.B

,

13

.99

%

,

6/30/27

24,464

24,875

APP-14420972.FP.FTS.B

,

14

.24

%

,

6/30/27

12,404

12,610

APP-13643702.FP.FTS.B

,

18

.99

%

,

6/30/27

16,394

16,585

APP-14541539.FP.FTS.B

,

12

.49

%

,

7/01/27

7,287

7,411

APP-14431213.FP.FTS.B

,

18

.49

%

,

7/01/27

14,034

14,285

APP-14421841.FP.FTS.B

,

20

.99

%

,

7/01/27

8,944

9,108

APP-13420080.FP.FTS.B

,

21

.99

%

,

7/01/27

27,197

27,674

APP-14595190.FP.FTS.B

,

20

.74

%

,

7/05/27

32,847

3,459

APP-14541253.FP.FTS.B

,

13

.99

%

,

7/06/27

30,220

15,684

APP-14550089.FP.FTS.B

,

18

.49

%

,

7/06/27

15,144

15,430

APP-14515585.FP.FTS.B

,

20

.49

%

,

7/07/27

9,842

10,037

APP-14553043.FP.FTS.B

,

11

.99

%

,

7/08/27

28,863

29,362

APP-14177847.FP.FTS.B

,

18

.74

%

,

7/08/27

34,215

34,893

APP-13394495.FP.FTS.B

,

11

.49

%

,

7/13/27

11,156

6,909

APP-13423039.FP.FTS.B

,

14

.24

%

,

7/14/27

31,152

31,685

APP-13422792.FP.FTS.B

,

14

.49

%

,

7/15/27

7,436

7,570

APP-14568007.FP.FTS.B

,

20

.49

%

,

7/15/27

15,453

15,758

APP-14542132.FP.FTS.B

,

20

.99

%

,

7/15/27

8,045

4,624

APP-14253271.FP.FTS.B

,

16

.74

%

,

7/16/27

24,102

24,552

APP-13061423.FP.FTS.B

,

13

.24

%

,

7/17/27

16,795

17,075

APP-13028479.FP.FTS.B

,

21

.74

%

,

7/23/27

9,175

9,118

APP-13403231.FP.FTS.B

,

16

.74

%

,

7/30/27

22,734

23,223

APP-14545674.FP.FTS.B

,

26

.99

%

,

8/03/27

7,992

8,134

APP-14561082.FP.FTS.B

,

17

.49

%

,

8/04/27

441

242

APP-14531076.FP.FTS.B

,

23

.24

%

,

8/07/27

14,658

14,888

APP-14569337.FP.FTS.B

,

24

.74

%

,

8/07/27

11,878

12,065

APP-14406359.FP.FTS.B

,

21

.24

%

,

8/16/27

41,961

25,883

APP-13484955.FP.FTS.B

,

12

.34

%

,

8/25/27

35,369

3,301

APP-13639283.FP.FTS.B

,

20

.74

%

,

8/25/27

36,437

36,490

APP-13652171.FP.FTS.B

,

22

.99

%

,

8/26/27

8,267

1,830

APP-13132268.FP.FTS.B

,

16

.74

%

,

9/01/27

25,067

25,462

APP-14439749.FP.FTS.B

,

15

.99

%

,

9/03/27

15,978

16,203

APP-13657764.FP.FTS.B

,

16

.74

%

,

9/13/27

26,158

26,548

APP-12804212.FP.FTS.B

,

22

.49

%

,

10/10/27

10,153

10,210

APP-13659468.FP.FTS.B

,

26

.49

%

,

10/12/27

8,615

8,627

8,577,215

LendingClub

Corp.

150867060.LC.FTS.B

,

15

.57

%

,

4/29/24

...

897

895

150672283.LC.FTS.B

,

20

%

,

5/02/24

.....

1,033

1,036

154685026.LC.FTS.B

,

11

.02

%

,

7/05/24

...

1,701

1,690

155959854.LC.FTS.B

,

17

.74

%

,

7/29/24

...

1,207

1,202

Description

Principal

Amount

Value

LendingClub

Corp.

(continued)

153352395.LC.FTS.B

,

12

.4

%

,

8/14/24

...

$

2,343

$

2,317

156702788.LC.FTS.B

,

16

.95

%

,

8/15/24

...

2,858

2,848

157083123.LC.FTS.B

,

14

.3

%

,

8/16/24

...

1,803

1,801

157256378.LC.FTS.B

,

14

.3

%

,

8/19/24

...

2,405

2,404

157448559.LC.FTS.B

,

14

.3

%

,

8/22/24

...

1,695

1,695

150890573.LC.FTS.B

,

14

.74

%

,

9/01/24

...

3,329

3,306

151157582.LC.FTS.B

,

15

.57

%

,

9/06/24

...

1,492

1,488

159124332.LC.FTS.B

,

16

.95

%

,

9/23/24

...

2,207

2,201

157983194.LC.FTS.B

,

12

.4

%

,

9/24/24

...

2,144

2,125

158299088.LC.FTS.B

,

16

.12

%

,

9/28/24

...

1,743

1,732

159322847.LC.FTS.B

,

16

.95

%

,

10/08/24

..

5,753

5,721

160749557.LC.FTS.B

,

18

.62

%

,

10/30/24

..

3,173

304

154211311.LC.FTS.B

,

20

%

,

11/26/24

....

4,570

589

158790336.LC.FTS.B

,

16

.12

%

,

11/30/24

..

5,318

5,223

159978471.LC.FTS.B

,

15

.24

%

,

12/08/24

..

4,883

4,804

162809872.LC.FTS.B

,

12

.4

%

,

12/15/24

...

4,891

4,823

162773046.LC.FTS.B

,

20

.55

%

,

12/15/24

..

3,959

–

163847398.LC.FTS.B

,

20

.55

%

,

12/26/24

..

2,218

2,238

161536145.LC.FTS.B

,

16

.95

%

,

1/28/25

...

4,747

4,679

157113878.LC.FTS.B

,

16

.95

%

,

1/30/25

...

8,095

7,964

166192973.LC.FTS.B

,

18

.62

%

,

2/06/25

...

2,584

2,584

167221792.LC.FTS.B

,

20

.55

%

,

2/25/25

...

10,347

982

163266659.LC.FTS.B

,

16

.12

%

,

2/28/25

...

3,149

3,073

167773992.LC.FTS.B

,

18

.62

%

,

3/04/25

...

2,798

2,791

167777432.LC.FTS.B

,

18

.62

%

,

3/04/25

...

3,357

3,348

167823045.LC.FTS.B

,

16

.12

%

,

3/05/25

...

4,007

3,942

168199339.LC.FTS.B

,

20

.55

%

,

3/11/25

...

5,193

5,192

163432488.LC.FTS.B

,

16

.95

%

,

3/15/25

...

5,645

5,499

160673774.LC.FTS.B

,

12

.4

%

,

11/30/25

...

16,238

941

146644800.LC.FTS.B

,

Zero

Cpn

,

9/30/32

.

5,634

–

167464307.LC.FTS.B

,

Zero

Cpn

,

9/30/33

.

5,491

–

145525007.LC.FTS.B

,

10

.33

%

,

12/31/33

..

6,404

6,314

148228998.LC.FTS.B

,

15

.57

%

,

3/01/34

...

5,939

5,850

149326456.LC.FTS.B

,

13

.9

%

,

3/26/34

...

10,120

9,797

149742003.LC.FTS.B

,

12

.4

%

,

4/01/34

...

493

492

149608993.LC.FTS.B

,

13

.9

%

,

4/02/34

...

1,610

1,602

149640002.LC.FTS.B

,

13

.9

%

,

4/02/34

...

229

229

150215503.LC.FTS.B

,

14

.74

%

,

4/15/34

...

247

248

150429035.LC.FTS.B

,

14

.74

%

,

4/18/34

...

5,342

5,261

144834703.LC.FTS.B

,

12

.98

%

,

4/19/34

...

867

739

148784147.LC.FTS.B

,

14

.74

%

,

4/20/34

...

951

44

150611409.LC.FTS.B

,

15

.57

%

,

4/23/34

...

1,494

1,484

123,497

LendingClub

Corp.

-

LCX

166607803.LC.FTS.B

,

Zero

Cpn

,

2/12/25

.

4,337

–

166491719.LC.FTS.B

,

16

.95

%

,

2/17/25

...

1,822

1,799

165922400.LC.FTS.B

,

15

.24

%

,

6/15/25

...

7,585

7,257

9,056

LendingClub

Corp.

-

LCX

PM

185001085.LC.FTS.B

,

13

.44

%

,

1/14/25

...

2,716

2,677

184877151.LC.FTS.B

,

15

.99

%

,

1/14/25

...

1,635

1,616

184979568.LC.FTS.B

,

16

.49

%

,

1/14/25

...

1,922

1,918

184962324.LC.FTS.B

,

15

.19

%

,

1/20/25

...

1,621

1,620

185305116.LC.FTS.B

,

16

.19

%

,

1/20/25

...

3,277

3,263

185216192.LC.FTS.B

,

18

.99

%

,

1/20/25

...

6,741

6,731

185255256.LC.FTS.B

,

18

.99

%

,

1/20/25

...

1,009

1,008

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

74

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

LendingClub

Corp.

-

LCX

PM

(continued)

185238815.LC.FTS.B

,

19

.99

%

,

1/20/25

...

$

3,397

$

3,427

185262402.LC.FTS.B

,

18

.19

%

,

1/23/25

...

1,142

1,141

185480688.LC.FTS.B

,

23

.99

%

,

1/26/25

...

3,696

3,764

185502282.LC.FTS.B

,

12

.74

%

,

1/28/25

...

1,213

1,214

185552695.LC.FTS.B

,

16

.99

%

,

1/28/25

...

9,019

9,022

185400546.LC.FTS.B

,

20

.49

%

,

1/28/25

...

9,308

9,423

185500985.LC.FTS.B

,

Zero

Cpn

,

2/01/25

.

16,246

–

185511719.LC.FTS.B

,

15

.99

%

,

2/01/25

...

5,004

4,984

185662657.LC.FTS.B

,

18

.99

%

,

2/01/25

...

3,674

3,659

185638468.LC.FTS.B

,

22

.99

%

,

2/01/25

...

3,779

3,803

185748684.LC.FTS.B

,

19

.94

%

,

2/03/25

...

3,432

3,443

185760406.LC.FTS.B

,

16

.69

%

,

2/07/25

...

14,620

14,402

185821539.LC.FTS.B

,

19

.99

%

,

2/07/25

...

4,453

4,466

186031262.LC.FTS.B

,

14

.49

%

,

2/09/25

...

3,525

153

185907398.LC.FTS.B

,

16

.49

%

,

2/09/25

...

3,200

3,191

186036682.LC.FTS.B

,

18

.99

%

,

2/09/25

...

5,436

5,415

185643067.LC.FTS.B

,

14

.99

%

,

2/10/25

...

3,359

3,349

186109333.LC.FTS.B

,

18

.99

%

,

2/11/25

...

2,613

111

186079988.LC.FTS.B

,

20

.99

%

,

2/11/25

...

5,557

5,592

186099444.LC.FTS.B

,

20

.99

%

,

2/11/25

...

12,045

2,193

185744461.LC.FTS.B

,

19

.99

%

,

2/12/25

...

2,836

2,849

185887741.LC.FTS.B

,

15

.99

%

,

2/14/25

...

3,601

3,593

185869462.LC.FTS.B

,

14

.99

%

,

2/15/25

...

1,771

1,768

185704535.LC.FTS.B

,

16

.49

%

,

2/15/25

...

15,378

–

186171654.LC.FTS.B

,

22

.99

%

,

2/15/25

...

9,515

9,692

185937500.LC.FTS.B

,

22

.49

%

,

2/20/25

...

10,067

10,257

186235317.LC.FTS.B

,

15

.99

%

,

2/21/25

...

3,069

3,067

185994726.LC.FTS.B

,

18

.49

%

,

2/26/25

...

4,216

4,213

187039985.LC.FTS.B

,

18

.99

%

,

3/10/25

...

3,977

3,967

187034378.LC.FTS.B

,

14

.49

%

,

3/11/25

...

13,381

13,278

187041967.LC.FTS.B

,

17

.99

%

,

3/11/25

...

2,967

2,955

187002032.LC.FTS.B

,

7

.59

%

,

3/14/25

...

14,354

14,069

186484159.LC.FTS.B

,

12

.49

%

,

3/14/25

...

11,965

11,855

187229799.LC.FTS.B

,

13

.19

%

,

3/15/25

...

6,566

6,554

186336075.LC.FTS.B

,

11

.49

%

,

3/16/25

...

13,048

12,853

186898312.LC.FTS.B

,

12

.49

%

,

3/16/25

...

13,220

13,047

187015036.LC.FTS.B

,

12

.49

%

,

3/16/25

...

10,178

10,127

187080057.LC.FTS.B

,

15

.99

%

,

3/17/25

...

2,712

2,708

187276072.LC.FTS.B

,

21

.79

%

,

3/17/25

...

3,992

4,064

187341073.LC.FTS.B

,

16

.99

%

,

3/21/25

...

977

976

187345204.LC.FTS.B

,

15

.44

%

,

3/23/25

...

5,025

5,011

187594459.LC.FTS.B

,

16

.39

%

,

3/25/25

...

7,001

6,985

187506074.LC.FTS.B

,

17

.39

%

,

3/25/25

...

18,055

3,243

187617463.LC.FTS.B

,

23

.99

%

,

3/25/25

...

2,133

2,150

187813540.LC.FTS.B

,

15

.99

%

,

3/31/25

...

2,125

2,110

187619723.LC.FTS.B

,

Zero

Cpn

,

4/01/25

.

6,885

–

187868633.LC.FTS.B

,

Zero

Cpn

,

4/01/25

.

2,309

–

187566584.LC.FTS.B

,

12

.49

%

,

4/01/25

...

10,118

10,079

187782892.LC.FTS.B

,

15

.29

%

,

4/01/25

...

3,329

388

187832626.LC.FTS.B

,

21

.79

%

,

4/01/25

...

1,753

1,772

187639145.LC.FTS.B

,

20

.79

%

,

4/03/25

...

8,717

8,718

188014514.LC.FTS.B

,

14

.49

%

,

4/06/25

...

4,941

4,925

188006789.LC.FTS.B

,

17

.99

%

,

4/06/25

...

4,241

4,227

188000200.LC.FTS.B

,

22

.99

%

,

4/06/25

...

11,807

4,591

185196514.LC.FTS.B

,

12

.49

%

,

4/24/25

...

8,340

6,656

185040393.LC.FTS.B

,

15

%

,

7/07/25

.....

2,955

2,384

186935631.LC.FTS.B

,

15

%

,

7/21/25

.....

2,023

1,733

187360350.LC.FTS.B

,

13

.99

%

,

7/28/25

...

8,557

–

Description

Principal

Amount

Value

LendingClub

Corp.

-

LCX

PM

(continued)

185869166.LC.FTS.B

,

22

.99

%

,

8/07/25

...

$

7,575

$

–

171345622.LC.FTS.B

,

16

.08

%

,

10/19/25

..

6,094

5,949

187034706.LC.FTS.B

,

5

%

,

10/30/25

.....

15,992

12,789

173608489.LC.FTS.B

,

17

.3

%

,

2/02/26

...

10,514

10,269

174304247.LC.FTS.B

,

20

.99

%

,

2/02/26

...

14,748

14,752

185018593.LC.FTS.B

,

18

.99

%

,

1/14/27

...

14,914

14,312

184468285.LC.FTS.B

,

16

.99

%

,

1/15/27

...

10,714

–

185237685.LC.FTS.B

,

18

.49

%

,

1/20/27

...

4,838

4,718

185250357.LC.FTS.B

,

19

.99

%

,

1/20/27

...

11,617

11,485

185150236.LC.FTS.B

,

14

.99

%

,

1/24/27

...

11,801

11,464

185367638.LC.FTS.B

,

21

.49

%

,

1/24/27

...

16,595

16,416

185497213.LC.FTS.B

,

20

.49

%

,

1/26/27

...

8,233

8,149

185117236.LC.FTS.B

,

20

.99

%

,

1/26/27

...

16,531

16,362

184791777.LC.FTS.B

,

13

.74

%

,

1/28/27

...

7,968

7,753

185597588.LC.FTS.B

,

16

.24

%

,

1/28/27

...

8,813

8,629

185537726.LC.FTS.B

,

17

.24

%

,

1/28/27

...

5,528

1,002

185500402.LC.FTS.B

,

17

.74

%

,

1/28/27

...

20,840

19,671

185547681.LC.FTS.B

,

19

.99

%

,

1/28/27

...

6,808

6,748

185488281.LC.FTS.B

,

28

.99

%

,

1/29/27

...

5,266

5,289

184898062.LC.FTS.B

,

21

.49

%

,

1/31/27

...

7,664

890

184982732.LC.FTS.B

,

16

.99

%

,

2/01/27

...

10,231

9,942

185682815.LC.FTS.B

,

23

.99

%

,

2/01/27

...

8,216

8,128

185689957.LC.FTS.B

,

23

.99

%

,

2/01/27

...

7,190

7,113

185699989.LC.FTS.B

,

23

.99

%

,

2/01/27

...

7,191

7,114

185544780.LC.FTS.B

,

18

.99

%

,

2/02/27

...

24,359

23,557

184678406.LC.FTS.B

,

17

.49

%

,

2/03/27

...

7,533

7,317

185716515.LC.FTS.B

,

17

.49

%

,

2/03/27

...

10,956

10,656

185662157.LC.FTS.B

,

16

.49

%

,

2/07/27

...

12,221

11,895

185742276.LC.FTS.B

,

19

.49

%

,

2/07/27

...

20,867

20,431

185835140.LC.FTS.B

,

21

.99

%

,

2/07/27

...

14,175

14,058

186031699.LC.FTS.B

,

20

.44

%

,

2/09/27

...

9,207

9,074

186099084.LC.FTS.B

,

21

.49

%

,

2/11/27

...

8,437

8,291

185846086.LC.FTS.B

,

21

.99

%

,

2/11/27

...

17,011

16,903

186241368.LC.FTS.B

,

15

.49

%

,

2/15/27

...

21,887

7,892

186058311.LC.FTS.B

,

15

.69

%

,

2/15/27

...

29,520

–

186203908.LC.FTS.B

,

21

.99

%

,

2/15/27

...

17,719

17,624

186007586.LC.FTS.B

,

23

.49

%

,

2/15/27

...

9,249

9,181

185942868.LC.FTS.B

,

15

.94

%

,

2/18/27

...

24,111

1,141

186027871.LC.FTS.B

,

18

.99

%

,

2/20/27

...

15,991

15,596

185738415.LC.FTS.B

,

24

.99

%

,

2/28/27

...

10,790

10,581

187037217.LC.FTS.B

,

18

.49

%

,

3/10/27

...

5,463

5,315

186901660.LC.FTS.B

,

Zero

Cpn

,

3/11/27

.

17,048

–

187071023.LC.FTS.B

,

17

.99

%

,

3/11/27

...

10,577

10,283

187032664.LC.FTS.B

,

20

.99

%

,

3/11/27

...

14,360

14,159

187074112.LC.FTS.B

,

21

.99

%

,

3/11/27

...

11,604

11,502

186654687.LC.FTS.B

,

23

.49

%

,

3/11/27

...

13,299

13,186

187126669.LC.FTS.B

,

14

.19

%

,

3/15/27

...

16,258

–

187178718.LC.FTS.B

,

19

.99

%

,

3/15/27

...

15,914

15,487

186624355.LC.FTS.B

,

21

.49

%

,

3/15/27

...

8,070

7,882

187147644.LC.FTS.B

,

14

.69

%

,

3/16/27

...

24,691

3,051

187028667.LC.FTS.B

,

20

.99

%

,

3/17/27

...

11,488

11,346

187080092.LC.FTS.B

,

20

.99

%

,

3/17/27

...

17,282

17,058

187192813.LC.FTS.B

,

20

.49

%

,

3/18/27

...

7,156

7,064

187318217.LC.FTS.B

,

20

.49

%

,

3/18/27

...

20,032

19,790

187235906.LC.FTS.B

,

13

.19

%

,

3/20/27

...

20,337

19,815

187352932.LC.FTS.B

,

Zero

Cpn

,

3/21/27

.

10,929

–

187350401.LC.FTS.B

,

15

.19

%

,

3/21/27

...

10,310

10,057

187159940.LC.FTS.B

,

17

.19

%

,

3/21/27

...

6,632

6,469

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

75

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

LendingClub

Corp.

-

LCX

PM

(continued)

186875668.LC.FTS.B

,

17

.74

%

,

3/21/27

...

$

11,985

$

11,684

187402362.LC.FTS.B

,

21

.99

%

,

3/21/27

...

9,642

9,492

186943464.LC.FTS.B

,

18

.99

%

,

3/25/27

...

15,189

1,872

187430105.LC.FTS.B

,

25

.99

%

,

3/25/27

...

8,917

8,841

187248536.LC.FTS.B

,

13

.19

%

,

3/28/27

...

8,792

8,592

187611207.LC.FTS.B

,

18

.99

%

,

3/28/27

...

14,455

13,902

187609544.LC.FTS.B

,

19

.99

%

,

3/28/27

...

14,543

14,408

187644231.LC.FTS.B

,

19

.99

%

,

3/28/27

...

13,090

12,969

187621983.LC.FTS.B

,

20

.99

%

,

3/28/27

...

9,519

9,430

187670705.LC.FTS.B

,

17

.44

%

,

3/29/27

...

28,565

26,763

187264368.LC.FTS.B

,

20

.99

%

,

3/29/27

...

7,322

7,142

187353272.LC.FTS.B

,

21

.49

%

,

3/29/27

...

18,963

–

187764055.LC.FTS.B

,

24

.99

%

,

3/29/27

...

8,267

–

187100244.LC.FTS.B

,

Zero

Cpn

,

3/30/27

.

10,276

–

187772972.LC.FTS.B

,

18

.99

%

,

3/30/27

...

13,970

13,448

187581793.LC.FTS.B

,

19

.99

%

,

3/30/27

...

10,609

10,382

187751574.LC.FTS.B

,

20

.44

%

,

3/30/27

...

23,621

22,970

187614352.LC.FTS.B

,

20

.99

%

,

3/30/27

...

18,294

17,849

187775878.LC.FTS.B

,

21

.49

%

,

3/30/27

...

14,294

14,030

187792928.LC.FTS.B

,

23

.99

%

,

3/30/27

...

5,342

5,253

187804301.LC.FTS.B

,

19

.67

%

,

3/31/27

...

25,353

24,835

187819893.LC.FTS.B

,

21

.49

%

,

3/31/27

...

29,335

28,729

187754766.LC.FTS.B

,

21

.99

%

,

3/31/27

...

18,028

17,782

187835579.LC.FTS.B

,

22

.49

%

,

3/31/27

...

3,747

3,691

187829994.LC.FTS.B

,

22

.99

%

,

3/31/27

...

22,942

22,625

187818729.LC.FTS.B

,

23

.49

%

,

3/31/27

...

26,971

10,287

187832290.LC.FTS.B

,

17

.19

%

,

4/01/27

...

7,485

7,143

187864418.LC.FTS.B

,

18

.19

%

,

4/01/27

...

17,950

17,301

187825531.LC.FTS.B

,

19

.99

%

,

4/01/27

...

6,618

6,465

187845146.LC.FTS.B

,

19

.99

%

,

4/01/27

...

7,272

7,129

187585267.LC.FTS.B

,

20

.49

%

,

4/01/27

...

6,612

6,498

187865227.LC.FTS.B

,

22

.49

%

,

4/01/27

...

18,500

18,229

187651859.LC.FTS.B

,

23

.99

%

,

4/01/27

...

7,401

7,292

187860298.LC.FTS.B

,

23

.99

%

,

4/01/27

...

4,482

4,424

187818380.LC.FTS.B

,

25

.99

%

,

4/01/27

...

5,296

5,187

187860052.LC.FTS.B

,

22

.99

%

,

4/03/27

...

7,417

7,328

187095846.LC.FTS.B

,

18

.99

%

,

4/04/27

...

18,053

17,522

187891277.LC.FTS.B

,

21

.49

%

,

4/04/27

...

14,695

14,459

187787243.LC.FTS.B

,

21

.99

%

,

4/04/27

...

11,796

11,654

187765035.LC.FTS.B

,

23

.99

%

,

4/04/27

...

17,929

17,708

187819878.LC.FTS.B

,

18

.99

%

,

4/05/27

...

14,499

13,880

187826108.LC.FTS.B

,

18

.99

%

,

4/05/27

...

14,892

11,071

187948430.LC.FTS.B

,

19

.99

%

,

4/05/27

...

23,271

22,444

187967430.LC.FTS.B

,

20

.99

%

,

4/05/27

...

14,938

14,554

187981773.LC.FTS.B

,

22

.99

%

,

4/05/27

...

18,554

18,335

188031790.LC.FTS.B

,

20

.49

%

,

4/06/27

...

14,595

14,369

188023733.LC.FTS.B

,

20

.99

%

,

4/06/27

...

5,860

5,765

188040936.LC.FTS.B

,

20

.99

%

,

4/06/27

...

10,985

10,808

188026351.LC.FTS.B

,

22

.99

%

,

4/06/27

...

13,953

13,793

187683423.LC.FTS.B

,

20

.99

%

,

4/09/27

...

14,787

14,569

187944849.LC.FTS.B

,

20

.44

%

,

4/14/27

...

7,359

7,184

188025408.LC.FTS.B

,

20

.99

%

,

4/15/27

...

951

942

187995587.LC.FTS.B

,

22

.99

%

,

4/15/27

...

14,416

14,278

187298854.LC.FTS.B

,

23

.49

%

,

4/15/27

...

26,609

21,045

187875007.LC.FTS.B

,

25

.99

%

,

4/15/27

...

8,463

793

187337224.LC.FTS.B

,

23

.49

%

,

4/16/27

...

30,448

29,848

187946130.LC.FTS.B

,

19

.99

%

,

4/20/27

...

18,480

17,811

187906511.LC.FTS.B

,

22

.99

%

,

4/20/27

...

9,080

8,996

Description

Principal

Amount

Value

LendingClub

Corp.

-

LCX

PM

(continued)

187945139.LC.FTS.B

,

21

.99

%

,

4/24/27

...

$

15,847

$

15,614

187744654.LC.FTS.B

,

18

.99

%

,

4/25/27

...

22,012

21,321

185498696.LC.FTS.B

,

15

%

,

5/26/27

.....

18,700

15,466

187202054.LC.FTS.B

,

15

%

,

7/10/27

.....

16,230

12,770

187345456.LC.FTS.B

,

25

.99

%

,

7/18/27

...

19,815

19,407

187054481.LC.FTS.B

,

15

%

,

8/10/27

.....

19,706

15,627

187106181.LC.FTS.B

,

15

%

,

8/14/27

.....

7,677

5,784

187492389.LC.FTS.B

,

15

%

,

8/25/27

.....

4,203

3,231

187587561.LC.FTS.B

,

23

.99

%

,

9/03/27

...

17,379

2,035

187785381.LC.FTS.B

,

23

.99

%

,

10/08/27

..

30,009

11,642

187316257.LC.FTS.B

,

22

.49

%

,

10/21/27

..

16,309

16,102

187417305.LC.FTS.B

,

22

.99

%

,

11/20/27

..

8,854

423

187403735.LC.FTS.B

,

5

%

,

4/10/28

......

10,480

10,316

172186460.LC.FTS.B

,

10

.19

%

,

3/20/34

...

1,487

139

1,719,731

Prosper

Funding

LLC

1618560.PS.FTS.B

,

24

.6

%

,

8/20/24

.....

438

443

1619001.PS.FTS.B

,

13

.56

%

,

8/23/24

....

3,270

3,261

1618176.PS.FTS.B

,

15

.1

%

,

8/23/24

.....

407

406

1619013.PS.FTS.B

,

16

.1

%

,

8/23/24

.....

593

592

1610345.PS.FTS.B

,

19

%

,

8/24/24

.......

350

352

1620576.PS.FTS.B

,

16

.6

%

,

8/25/24

.....

855

854

1614934.PS.FTS.B

,

13

.4

%

,

8/26/24

.....

680

679

1614493.PS.FTS.B

,

14

.89

%

,

8/31/24

....

501

500

1609517.PS.FTS.B

,

15

.2

%

,

8/31/24

.....

4,067

4,057

1634202.PS.FTS.B

,

17

.49

%

,

9/21/24

....

5,454

4,898

1628368.PS.FTS.B

,

20

.57

%

,

9/22/24

....

4,068

4,098

1625354.PS.FTS.B

,

13

%

,

9/23/24

.......

2,723

2,711

1635849.PS.FTS.B

,

13

.59

%

,

9/23/24

....

1,567

1,567

1630159.PS.FTS.B

,

12

.3

%

,

9/24/24

.....

579

577

1630150.PS.FTS.B

,

15

.03

%

,

9/24/24

....

796

797

1637430.PS.FTS.B

,

14

.7

%

,

9/27/24

.....

1,966

1,960

1630435.PS.FTS.B

,

16

.9

%

,

9/27/24

.....

5,046

5,120

1628009.PS.FTS.B

,

15

.5

%

,

9/28/24

.....

1,291

1,294

1632463.PS.FTS.B

,

16

.5

%

,

9/29/24

.....

2,346

2,336

1630306.PS.FTS.B

,

11

.7

%

,

9/30/24

.....

3,357

3,332

1636029.PS.FTS.B

,

13

.7

%

,

9/30/24

.....

1,147

1,138

1637622.PS.FTS.B

,

16

.6

%

,

10/02/24

....

716

707

1633995.PS.FTS.B

,

19

.8

%

,

10/04/24

....

2,582

2,592

1637586.PS.FTS.B

,

16

%

,

10/10/24

......

2,437

2,430

1655001.PS.FTS.B

,

16

%

,

10/26/24

......

531

534

1649506.PS.FTS.B

,

14

.56

%

,

10/28/24

...

3,920

3,857

1646441.PS.FTS.B

,

11

.7

%

,

10/29/24

....

3,860

3,800

1646834.PS.FTS.B

,

15

.4

%

,

10/29/24

....

8,960

8,828

1651180.PS.FTS.B

,

14

.89

%

,

11/01/24

....

6,410

1,885

1648862.PS.FTS.B

,

20

.34

%

,

11/02/24

....

2,091

2,078

1650980.PS.FTS.B

,

12

.29

%

,

11/05/24

....

4,860

4,792

1654294.PS.FTS.B

,

14

.56

%

,

11/05/24

....

3,913

3,866

1656375.PS.FTS.B

,

17

%

,

11/05/24

......

904

616

1651811.PS.FTS.B

,

14

.6

%

,

11/08/24

.....

1,174

1,165

1652738.PS.FTS.B

,

10

.8

%

,

11/09/24

....

1,021

1,008

1652447.PS.FTS.B

,

12

%

,

11/09/24

......

140

139

1656186.PS.FTS.B

,

13

.41

%

,

11/10/24

....

4,477

4,411

1660369.PS.FTS.B

,

15

.89

%

,

11/10/24

....

5,844

5,809

1667217.PS.FTS.B

,

9

.71

%

,

11/15/24

....

1,993

1,967

1655423.PS.FTS.B

,

15

.39

%

,

11/15/24

....

5,262

5,237

1649965.PS.FTS.B

,

17

.2

%

,

11/18/24

....

2,759

2,738

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

76

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Prosper

Funding

LLC

(continued)

1645250.PS.FTS.B

,

13

.7

%

,

11/30/24

....

$

1,335

$

1,324

1678333.PS.FTS.B

,

12

%

,

12/14/24

......

1,853

1,827

1672694.PS.FTS.B

,

13

.36

%

,

12/14/24

...

1,442

1,425

1672271.PS.FTS.B

,

13

.59

%

,

12/14/24

...

2,746

2,724

1672679.PS.FTS.B

,

15

.12

%

,

12/14/24

...

587

582

1678708.PS.FTS.B

,

16

.7

%

,

12/14/24

....

2,983

2,958

1673333.PS.FTS.B

,

13

.96

%

,

12/15/24

...

2,321

2,294

1672931.PS.FTS.B

,

16

.9

%

,

12/15/24

....

1,290

1,281

1685940.PS.FTS.B

,

17

%

,

12/15/24

......

594

596

1685934.PS.FTS.B

,

18

.41

%

,

12/15/24

...

1,214

1,204

1673894.PS.FTS.B

,

11

.79

%

,

12/16/24

....

1,987

1,964

1680064.PS.FTS.B

,

15

.8

%

,

12/16/24

....

1,183

1,174

1680763.PS.FTS.B

,

14

%

,

12/17/24

......

2,903

2,883

1684060.PS.FTS.B

,

24

.09

%

,

12/23/24

...

4,805

4,869

1700688.PS.FTS.B

,

13

%

,

1/12/25

.......

3,173

3,128

1700679.PS.FTS.B

,

13

.8

%

,

1/12/25

.....

4,797

4,729

1688228.PS.FTS.B

,

15

.5

%

,

1/12/25

.....

1,398

1,383

1694194.PS.FTS.B

,

24

.4

%

,

1/12/25

.....

1,059

1,065

1701405.PS.FTS.B

,

14

.94

%

,

1/13/25

....

3,233

3,200

1695040.PS.FTS.B

,

16

.7

%

,

1/13/25

.....

4,932

4,881

1689398.PS.FTS.B

,

15

.4

%

,

1/14/25

.....

1,949

1,929

1689236.PS.FTS.B

,

17

.59

%

,

1/14/25

....

1,679

1,675

1695043.PS.FTS.B

,

16

.7

%

,

1/15/25

.....

6,589

6,591

1690268.PS.FTS.B

,

11

.4

%

,

1/18/25

.....

1,610

1,586

1704948.PS.FTS.B

,

13

.05

%

,

1/23/25

....

4,137

4,076

1690376.PS.FTS.B

,

14

.04

%

,

1/26/25

....

4,236

4,188

1698164.PS.FTS.B

,

22

.7

%

,

1/28/25

.....

758

755

1705293.PS.FTS.B

,

14

.79

%

,

1/29/25

....

2,506

2,474

1695748.PS.FTS.B

,

24

.4

%

,

1/31/25

.....

713

716

1694638.PS.FTS.B

,

21

.8

%

,

2/06/25

.....

1,802

1,794

1707662.PS.FTS.B

,

13

.9

%

,

2/14/25

.....

2,099

2,074

1721649.PS.FTS.B

,

13

.3

%

,

2/15/25

.....

10,438

10,277

1721043.PS.FTS.B

,

13

.5

%

,

2/15/25

.....

3,486

3,432

1708097.PS.FTS.B

,

13

.7

%

,

2/15/25

.....

2,270

2,244

1714504.PS.FTS.B

,

14

.89

%

,

2/15/25

....

1,765

1,745

1714807.PS.FTS.B

,

15

.29

%

,

2/15/25

....

1,240

1,226

1720839.PS.FTS.B

,

15

.29

%

,

2/15/25

....

1,132

1,116

1714516.PS.FTS.B

,

15

.4

%

,

2/15/25

.....

4,257

4,207

1721055.PS.FTS.B

,

16

%

,

2/15/25

.......

2,160

2,154

1708859.PS.FTS.B

,

17

%

,

2/15/25

.......

4,063

4,053

1708151.PS.FTS.B

,

19

.5

%

,

2/15/25

.....

4,415

4,415

1721049.PS.FTS.B

,

22

%

,

2/15/25

.......

3,760

3,759

1716298.PS.FTS.B

,

11

.4

%

,

2/16/25

.....

1,937

1,907

1722525.PS.FTS.B

,

19

.5

%

,

2/16/25

.....

1,043

1,038

1717210.PS.FTS.B

,

11

.4

%

,

2/18/25

.....

1,709

1,684

1717363.PS.FTS.B

,

17

.8

%

,

2/18/25

.....

5,782

235

1709564.PS.FTS.B

,

15

.2

%

,

2/20/25

.....

1,425

1,405

1718419.PS.FTS.B

,

13

.9

%

,

2/22/25

.....

1,574

1,560

1718422.PS.FTS.B

,

14

.09

%

,

2/22/25

....

3,856

3,820

1718395.PS.FTS.B

,

22

.6

%

,

2/25/25

.....

6,529

6,481

1722105.PS.FTS.B

,

25

.11

%

,

2/28/25

....

1,700

1,704

1739683.PS.FTS.B

,

10

.44

%

,

3/22/25

....

1,491

1,465

1732931.PS.FTS.B

,

10

.5

%

,

3/22/25

.....

5,536

5,437

1733486.PS.FTS.B

,

11

.7

%

,

3/22/25

.....

1,297

1,287

1740130.PS.FTS.B

,

12

.15

%

,

3/22/25

....

5,468

5,404

1732925.PS.FTS.B

,

12

.54

%

,

3/22/25

....

5,642

5,541

1740193.PS.FTS.B

,

12

.9

%

,

3/22/25

.....

3,774

3,706

1733219.PS.FTS.B

,

13

%

,

3/22/25

.......

1,511

1,484

Description

Principal

Amount

Value

Prosper

Funding

LLC

(continued)

1739665.PS.FTS.B

,

13

.5

%

,

3/22/25

.....

$

6,754

$

6,660

1742658.PS.FTS.B

,

13

.9

%

,

3/22/25

.....

2,666

2,629

1740127.PS.FTS.B

,

14

.89

%

,

3/22/25

....

1,921

1,894

1742688.PS.FTS.B

,

15

.29

%

,

3/22/25

....

1,543

1,521

1743240.PS.FTS.B

,

15

.29

%

,

3/22/25

....

2,700

2,662

1742661.PS.FTS.B

,

16

%

,

3/22/25

.......

2,541

2,505

1732961.PS.FTS.B

,

17

.7

%

,

3/22/25

.....

1,168

1,170

1742667.PS.FTS.B

,

20

.46

%

,

3/22/25

....

807

806

1740142.PS.FTS.B

,

21

.2

%

,

3/22/25

.....

6,093

6,130

1740166.PS.FTS.B

,

22

.5

%

,

3/22/25

.....

2,967

2,964

1742646.PS.FTS.B

,

22

.5

%

,

3/22/25

.....

3,294

3,289

1733501.PS.FTS.B

,

24

.3

%

,

3/22/25

.....

6,255

6,293

1739647.PS.FTS.B

,

25

.11

%

,

3/22/25

....

4,259

4,287

1743513.PS.FTS.B

,

11

.4

%

,

3/23/25

.....

3,400

3,340

1740487.PS.FTS.B

,

11

.86

%

,

3/23/25

....

3,738

3,672

1734089.PS.FTS.B

,

12

.54

%

,

3/23/25

....

168

168

1733798.PS.FTS.B

,

13

.1

%

,

3/23/25

.....

6,049

5,942

1740478.PS.FTS.B

,

13

.8

%

,

3/23/25

.....

7,905

7,814

1740493.PS.FTS.B

,

13

.9

%

,

3/23/25

.....

5,757

5,655

1733819.PS.FTS.B

,

14

.49

%

,

3/23/25

....

3,829

3,776

1734275.PS.FTS.B

,

15

%

,

3/23/25

.......

3,846

3,794

1733825.PS.FTS.B

,

15

.2

%

,

3/23/25

.....

3,853

3,801

1740964.PS.FTS.B

,

15

.2

%

,

3/23/25

.....

2,418

2,391

1733942.PS.FTS.B

,

15

.86

%

,

3/23/25

....

1,185

1,169

1733657.PS.FTS.B

,

16

%

,

3/23/25

.......

3,901

3,848

1734398.PS.FTS.B

,

16

%

,

3/23/25

.......

3,881

3,828

1733828.PS.FTS.B

,

17

%

,

3/23/25

.......

2,366

2,364

1743846.PS.FTS.B

,

17

.8

%

,

3/23/25

.....

4,732

4,728

1740373.PS.FTS.B

,

18

.09

%

,

3/23/25

....

1,702

1,674

1741180.PS.FTS.B

,

18

.9

%

,

3/23/25

.....

5,501

–

1734419.PS.FTS.B

,

19

.3

%

,

3/23/25

.....

2,474

2,477

1740439.PS.FTS.B

,

19

.8

%

,

3/23/25

.....

1,204

1,203

1743657.PS.FTS.B

,

20

.34

%

,

3/23/25

....

1,210

1,208

1744005.PS.FTS.B

,

20

.4

%

,

3/23/25

.....

3,649

3,651

1734152.PS.FTS.B

,

21

.2

%

,

3/23/25

.....

927

934

1740553.PS.FTS.B

,

21

.5

%

,

3/23/25

.....

1,425

1,424

1740613.PS.FTS.B

,

21

.5

%

,

3/23/25

.....

1,240

1,239

1743426.PS.FTS.B

,

21

.5

%

,

3/23/25

.....

3,160

3,166

1743627.PS.FTS.B

,

22

.13

%

,

3/23/25

....

2,955

831

1733837.PS.FTS.B

,

22

.6

%

,

3/23/25

.....

710

715

1740631.PS.FTS.B

,

22

.6

%

,

3/23/25

.....

844

850

1743969.PS.FTS.B

,

22

.6

%

,

3/23/25

.....

1,233

1,242

1744029.PS.FTS.B

,

22

.6

%

,

3/23/25

.....

1,644

1,655

1743654.PS.FTS.B

,

23

.4

%

,

3/23/25

.....

1,242

1,250

1743645.PS.FTS.B

,

24

.3

%

,

3/23/25

.....

1,251

1,260

1734836.PS.FTS.B

,

11

.7

%

,

3/24/25

.....

3,732

3,667

1734512.PS.FTS.B

,

12

.15

%

,

3/24/25

....

4,497

4,438

1734848.PS.FTS.B

,

13

.3

%

,

3/24/25

.....

7,575

7,443

1741714.PS.FTS.B

,

13

.36

%

,

3/24/25

....

5,571

5,474

1744692.PS.FTS.B

,

15

.29

%

,

3/24/25

....

9,641

9,513

1734542.PS.FTS.B

,

15

.8

%

,

3/24/25

.....

2,964

2,932

1734809.PS.FTS.B

,

16

.8

%

,

3/24/25

.....

2,345

2,314

1734458.PS.FTS.B

,

21

%

,

3/24/25

.......

811

817

1741252.PS.FTS.B

,

24

.95

%

,

3/24/25

....

4,193

4,224

1741777.PS.FTS.B

,

25

.3

%

,

3/24/25

.....

841

847

1735697.PS.FTS.B

,

13

.3

%

,

3/25/25

.....

927

917

1742152.PS.FTS.B

,

13

.77

%

,

3/25/25

....

2,320

2,290

1742521.PS.FTS.B

,

14

.39

%

,

3/25/25

....

1,584

1,544

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

77

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Prosper

Funding

LLC

(continued)

1742158.PS.FTS.B

,

16

%

,

3/25/25

.......

$

6,066

$

–

1739659.PS.FTS.B

,

22

.03

%

,

3/25/25

....

1,374

1,369

1735736.PS.FTS.B

,

24

.99

%

,

3/25/25

....

806

815

1735709.PS.FTS.B

,

25

.4

%

,

3/25/25

.....

1,331

1,340

1733924.PS.FTS.B

,

11

.79

%

,

3/26/25

....

2,267

2,222

1744236.PS.FTS.B

,

19

.8

%

,

3/27/25

.....

2,820

2,864

1743310.PS.FTS.B

,

15

.1

%

,

3/28/25

.....

4,354

4,259

1742851.PS.FTS.B

,

19

.5

%

,

3/28/25

.....

1,658

1,631

1743232.PS.FTS.B

,

19

.5

%

,

3/28/25

.....

4,305

4,237

1737404.PS.FTS.B

,

11

.5

%

,

3/29/25

.....

1,607

1,567

1737719.PS.FTS.B

,

16

.2

%

,

3/29/25

.....

837

825

1744693.PS.FTS.B

,

19

.91

%

,

3/29/25

....

4,698

4,625

1734161.PS.FTS.B

,

19

.5

%

,

3/30/25

.....

428

426

1738949.PS.FTS.B

,

24

.4

%

,

3/30/25

.....

3,134

3,105

1740157.PS.FTS.B

,

17

.8

%

,

3/31/25

.....

4,267

4,252

1740421.PS.FTS.B

,

10

.5

%

,

4/01/25

.....

2,402

2,355

1733510.PS.FTS.B

,

13

%

,

4/03/25

.......

2,045

2,004

1732979.PS.FTS.B

,

12

%

,

4/05/25

.......

5,493

3,253

1752543.PS.FTS.B

,

18

.09

%

,

4/05/25

....

6,453

6,378

1749466.PS.FTS.B

,

24

.4

%

,

4/05/25

.....

2,235

2,223

1750219.PS.FTS.B

,

11

.86

%

,

4/06/25

....

4,833

4,719

1753443.PS.FTS.B

,

12

.5

%

,

4/06/25

.....

3,007

2,950

1750210.PS.FTS.B

,

15

.86

%

,

4/06/25

....

363

357

1750243.PS.FTS.B

,

15

.86

%

,

4/06/25

....

4,169

4,078

1742473.PS.FTS.B

,

22

.6

%

,

4/06/25

.....

2,541

26

1750216.PS.FTS.B

,

24

.86

%

,

4/06/25

....

880

878

1753449.PS.FTS.B

,

25

.11

%

,

4/06/25

....

3,777

3,757

1744583.PS.FTS.B

,

12

.02

%

,

4/07/25

....

807

788

1744388.PS.FTS.B

,

13

%

,

4/07/25

.......

7,638

967

1754340.PS.FTS.B

,

13

.5

%

,

4/07/25

.....

4,085

3,998

1753815.PS.FTS.B

,

18

.9

%

,

4/07/25

.....

3,881

3,840

1751035.PS.FTS.B

,

19

.41

%

,

4/07/25

....

9,448

9,345

1754517.PS.FTS.B

,

13

.3

%

,

4/08/25

.....

7,626

7,451

1745267.PS.FTS.B

,

13

.6

%

,

4/08/25

.....

8,640

8,403

1752052.PS.FTS.B

,

16

.4

%

,

4/08/25

.....

10,469

10,248

1744745.PS.FTS.B

,

17

.8

%

,

4/08/25

.....

2,856

2,829

1743668.PS.FTS.B

,

23

.4

%

,

4/10/25

.....

2,013

2,003

1752310.PS.FTS.B

,

16

.2

%

,

4/11/25

.....

3,763

3,730

1745684.PS.FTS.B

,

21

.8

%

,

4/11/25

.....

3,503

3,472

1745741.PS.FTS.B

,

22

.6

%

,

4/11/25

.....

6,513

6,521

1755867.PS.FTS.B

,

24

.4

%

,

4/11/25

.....

2,012

2,008

1757481.PS.FTS.B

,

12

.1

%

,

4/12/25

.....

4,036

3,947

1750204.PS.FTS.B

,

15

.29

%

,

4/12/25

....

5,423

5,305

1754131.PS.FTS.B

,

18

.26

%

,

4/12/25

....

6,381

6,255

1742691.PS.FTS.B

,

25

.4

%

,

4/12/25

.....

1,938

1,945

1755058.PS.FTS.B

,

15

.29

%

,

4/13/25

....

1,392

–

1751041.PS.FTS.B

,

13

.3

%

,

4/15/25

.....

4,923

4,818

1753974.PS.FTS.B

,

16

.5

%

,

4/15/25

.....

845

836

1750502.PS.FTS.B

,

24

.3

%

,

4/15/25

.....

2,092

2,096

1734008.PS.FTS.B

,

13

.36

%

,

4/16/25

....

845

828

1760856.PS.FTS.B

,

22

.03

%

,

4/18/25

....

1,536

1,527

1762404.PS.FTS.B

,

16

.1

%

,

4/19/25

.....

4,177

4,106

1741156.PS.FTS.B

,

16

.3

%

,

4/22/25

.....

2,792

2,786

1752298.PS.FTS.B

,

15

.8

%

,

4/25/25

.....

6,996

1,672

1743577.PS.FTS.B

,

18

.8

%

,

4/28/25

.....

4,562

–

1756672.PS.FTS.B

,

14

.6

%

,

5/08/25

.....

4,027

3,943

1740886.PS.FTS.B

,

16

%

,

6/30/25

.......

5,404

3,185

1627091.PS.FTS.B

,

16

%

,

8/27/25

.......

5,674

5,503

Description

Principal

Amount

Value

Prosper

Funding

LLC

(continued)

1743195.PS.FTS.B

,

21

%

,

9/22/25

.......

$

1,086

$

760

1714735.PS.FTS.B

,

13

.6

%

,

11/30/25

....

4,625

2,424

1742670.PS.FTS.B

,

22

.6

%

,

1/06/26

.....

3,718

2,382

1735376.PS.FTS.B

,

19

.5

%

,

2/25/26

.....

11,908

3,015

1605548.PS.FTS.B

,

12

.3

%

,

8/16/26

.....

7,273

7,109

1615743.PS.FTS.B

,

12

.3

%

,

8/16/26

.....

8,112

7,940

1605551.PS.FTS.B

,

18

.3

%

,

8/16/26

.....

7,524

7,598

1606481.PS.FTS.B

,

15

%

,

8/17/26

.......

6,334

6,220

1606805.PS.FTS.B

,

15

.5

%

,

8/17/26

.....

8,682

8,526

1605848.PS.FTS.B

,

19

.6

%

,

8/17/26

.....

5,017

5,027

1610149.PS.FTS.B

,

14

.2

%

,

8/18/26

.....

5,710

5,583

1618068.PS.FTS.B

,

17

%

,

8/19/26

.......

12,482

355

1608413.PS.FTS.B

,

17

.24

%

,

8/20/26

....

4,125

4,054

1618512.PS.FTS.B

,

18

.5

%

,

8/20/26

.....

5,370

5,277

1615561.PS.FTS.B

,

15

%

,

8/27/26

.......

1,892

1,866

1615977.PS.FTS.B

,

12

.7

%

,

8/31/26

.....

14,196

13,858

1633734.PS.FTS.B

,

16

.63

%

,

9/20/26

....

2,184

2,145

1627891.PS.FTS.B

,

15

.1

%

,

9/21/26

.....

8,748

8,606

1627885.PS.FTS.B

,

15

.29

%

,

9/21/26

....

11,278

11,098

1628383.PS.FTS.B

,

12

.87

%

,

9/22/26

....

4,426

4,335

1635534.PS.FTS.B

,

16

.5

%

,

9/23/26

.....

9,011

8,871

1637625.PS.FTS.B

,

11

.6

%

,

9/28/26

.....

15,820

15,361

1630147.PS.FTS.B

,

14

.38

%

,

9/30/26

....

15,041

14,707

1615740.PS.FTS.B

,

16

.63

%

,

10/02/26

...

9,483

9,279

1644863.PS.FTS.B

,

9

.99

%

,

10/26/26

....

4,758

4,615

1655727.PS.FTS.B

,

10

.9

%

,

10/27/26

....

5,000

4,967

1655355.PS.FTS.B

,

12

%

,

10/27/26

......

21,240

21,006

1648957.PS.FTS.B

,

14

.29

%

,

10/27/26

...

6,205

6,183

1645616.PS.FTS.B

,

16

.63

%

,

10/27/26

...

6,197

6,183

1645247.PS.FTS.B

,

17

.1

%

,

10/27/26

....

8,117

8,302

1655334.PS.FTS.B

,

25

.67

%

,

10/27/26

...

4,109

4,362

1656210.PS.FTS.B

,

9

.45

%

,

10/28/26

....

20,723

20,102

1646063.PS.FTS.B

,

12

.62

%

,

10/28/26

...

6,106

5,921

1649497.PS.FTS.B

,

12

.8

%

,

10/28/26

....

16,025

15,540

1656189.PS.FTS.B

,

13

.7

%

,

10/28/26

....

7,404

7,190

1656201.PS.FTS.B

,

14

.68

%

,

10/28/26

...

2,180

2,113

1647056.PS.FTS.B

,

13

.7

%

,

10/29/26

....

3,393

3,296

1647176.PS.FTS.B

,

14

.79

%

,

10/29/26

...

6,851

282

1647023.PS.FTS.B

,

16

.33

%

,

10/29/26

...

15,809

15,353

1647155.PS.FTS.B

,

18

.48

%

,

10/29/26

...

15,777

15,727

1657104.PS.FTS.B

,

10

.4

%

,

10/30/26

....

14,933

14,487

1650974.PS.FTS.B

,

11

.1

%

,

11/05/26

.....

9,047

8,790

1660968.PS.FTS.B

,

11

.89

%

,

11/05/26

....

6,662

6,482

1648693.PS.FTS.B

,

12

.7

%

,

11/05/26

....

10,138

9,895

1650971.PS.FTS.B

,

12

.87

%

,

11/05/26

....

15,592

15,169

1651400.PS.FTS.B

,

13

.13

%

,

11/05/26

....

10,068

5,440

1650992.PS.FTS.B

,

14

.53

%

,

11/05/26

....

1,864

1,813

1651085.PS.FTS.B

,

25

.6

%

,

11/05/26

....

3,074

3,158

1651808.PS.FTS.B

,

11

.2

%

,

11/08/26

.....

3,007

2,928

1664808.PS.FTS.B

,

11

.6

%

,

11/08/26

.....

7,248

7,056

1665174.PS.FTS.B

,

12

.5

%

,

11/08/26

....

24,372

23,725

1658098.PS.FTS.B

,

12

.62

%

,

11/08/26

....

12,234

11,894

1658134.PS.FTS.B

,

13

.6

%

,

11/08/26

....

2,975

2,905

1651829.PS.FTS.B

,

16

.33

%

,

11/08/26

....

1,150

1,122

1653347.PS.FTS.B

,

10

.8

%

,

11/09/26

....

5,992

5,835

1666392.PS.FTS.B

,

11

.2

%

,

11/09/26

.....

3,610

3,515

1653461.PS.FTS.B

,

21

%

,

11/09/26

......

4,031

1,155

1651412.PS.FTS.B

,

13

.6

%

,

11/11/26

.....

15,460

15,056

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

78

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Prosper

Funding

LLC

(continued)

1654997.PS.FTS.B

,

16

%

,

11/12/26

......

$

6,222

$

6,245

1651397.PS.FTS.B

,

18

.33

%

,

11/15/26

....

16,193

16,152

1652735.PS.FTS.B

,

10

.8

%

,

11/16/26

....

4,207

4,091

1657470.PS.FTS.B

,

16

.33

%

,

11/22/26

....

11,665

11,331

1657068.PS.FTS.B

,

21

.9

%

,

11/22/26

....

10,101

10,320

1654297.PS.FTS.B

,

13

.3

%

,

11/28/26

....

8,850

8,609

1658113.PS.FTS.B

,

11

.99

%

,

12/01/26

....

1,790

1,754

1654979.PS.FTS.B

,

11

.1

%

,

12/05/26

....

4,233

4,119

1685232.PS.FTS.B

,

11

.07

%

,

12/14/26

....

17,002

957

1685577.PS.FTS.B

,

28

.23

%

,

12/14/26

...

10,680

11,006

1685967.PS.FTS.B

,

11

.5

%

,

12/15/26

....

8,674

8,448

1685937.PS.FTS.B

,

15

.5

%

,

12/15/26

....

1,976

1,634

1679512.PS.FTS.B

,

15

.7

%

,

12/15/26

....

12,879

12,589

1685961.PS.FTS.B

,

18

.48

%

,

12/15/26

...

9,896

9,928

1686345.PS.FTS.B

,

23

%

,

12/15/26

......

6,881

7,079

1679056.PS.FTS.B

,

26

.13

%

,

12/15/26

...

1,097

1,096

1673528.PS.FTS.B

,

19

%

,

12/16/26

......

16,565

16,626

1674203.PS.FTS.B

,

10

.8

%

,

12/17/26

....

4,173

4,098

1680745.PS.FTS.B

,

13

.3

%

,

12/17/26

....

7,430

7,268

1687770.PS.FTS.B

,

14

.29

%

,

12/17/26

...

9,538

9,331

1687689.PS.FTS.B

,

16

%

,

12/17/26

......

10,331

10,380

1674248.PS.FTS.B

,

16

.5

%

,

12/17/26

....

13,054

12,741

1654303.PS.FTS.B

,

21

.18

%

,

12/18/26

...

7,008

6,953

1688382.PS.FTS.B

,

10

.29

%

,

12/20/26

...

9,187

8,958

1685184.PS.FTS.B

,

12

.4

%

,

12/25/26

....

9,424

9,163

1685976.PS.FTS.B

,

11

.89

%

,

12/29/26

....

5,798

288

1685808.PS.FTS.B

,

18

.33

%

,

12/29/26

...

17,045

17,003

1676078.PS.FTS.B

,

10

.7

%

,

12/30/26

....

6,963

6,772

1691244.PS.FTS.B

,

14

.7

%

,

12/31/26

....

8,519

8,335

1681009.PS.FTS.B

,

13

.5

%

,

1/04/27

.....

4,900

4,779

1679959.PS.FTS.B

,

12

.32

%

,

1/09/27

....

3,578

3,476

1687871.PS.FTS.B

,

12

.7

%

,

1/12/27

.....

17,338

16,852

1693777.PS.FTS.B

,

13

.41

%

,

1/12/27

....

2,593

2,522

1688213.PS.FTS.B

,

15

.03

%

,

1/12/27

....

5,243

5,111

1693816.PS.FTS.B

,

15

.7

%

,

1/12/27

.....

5,273

5,140

1688252.PS.FTS.B

,

16

.33

%

,

1/12/27

....

2,121

2,067

1701030.PS.FTS.B

,

18

.25

%

,

1/12/27

....

16,832

16,822

1687862.PS.FTS.B

,

21

.09

%

,

1/12/27

....

4,856

4,977

1694182.PS.FTS.B

,

21

.18

%

,

1/12/27

....

2,412

2,409

1688234.PS.FTS.B

,

25

.6

%

,

1/12/27

.....

2,848

2,927

1701831.PS.FTS.B

,

12

.3

%

,

1/13/27

.....

6,399

6,221

1701273.PS.FTS.B

,

14

.68

%

,

1/13/27

....

13,068

12,702

1688576.PS.FTS.B

,

18

.48

%

,

1/13/27

....

7,420

7,419

1701837.PS.FTS.B

,

18

.48

%

,

1/13/27

....

6,745

6,745

1689002.PS.FTS.B

,

19

.23

%

,

1/13/27

....

4,072

4,071

1701810.PS.FTS.B

,

21

.18

%

,

1/13/27

....

7,580

7,575

1689590.PS.FTS.B

,

11

.4

%

,

1/14/27

.....

3,808

3,703

1695235.PS.FTS.B

,

12

.24

%

,

1/14/27

....

7,674

7,489

1702224.PS.FTS.B

,

14

.68

%

,

1/14/27

....

9,723

9,453

1695712.PS.FTS.B

,

27

.4

%

,

1/14/27

.....

1,803

1,854

1701330.PS.FTS.B

,

16

.1

%

,

1/15/27

.....

6,622

6,602

1703238.PS.FTS.B

,

22

.9

%

,

1/18/27

.....

2,445

2,524

1698271.PS.FTS.B

,

11

.5

%

,

1/19/27

.....

7,623

7,421

1698235.PS.FTS.B

,

11

.79

%

,

1/19/27

....

15,312

–

1692950.PS.FTS.B

,

9

.81

%

,

1/20/27

.....

10,633

10,355

1692617.PS.FTS.B

,

12

.2

%

,

1/20/27

.....

7,671

7,470

1689014.PS.FTS.B

,

24

.03

%

,

1/26/27

....

11,048

11,259

1701660.PS.FTS.B

,

11

.2

%

,

1/27/27

.....

6,542

6,415

Description

Principal

Amount

Value

Prosper

Funding

LLC

(continued)

1700619.PS.FTS.B

,

10

.53

%

,

2/05/27

....

$

15,819

$

15,357

1707623.PS.FTS.B

,

12

.9

%

,

2/14/27

.....

23,052

22,387

1714342.PS.FTS.B

,

13

.4

%

,

2/14/27

.....

3,969

3,854

1714327.PS.FTS.B

,

17

.37

%

,

2/14/27

....

16,597

16,560

1707812.PS.FTS.B

,

11

.2

%

,

2/15/27

.....

2,921

2,838

1714540.PS.FTS.B

,

11

.2

%

,

2/15/27

.....

11,683

11,350

1707839.PS.FTS.B

,

11

.79

%

,

2/15/27

....

13,048

12,675

1708667.PS.FTS.B

,

12

.3

%

,

2/15/27

.....

22,935

22,279

1708139.PS.FTS.B

,

15

.2

%

,

2/15/27

.....

16,649

16,215

1708757.PS.FTS.B

,

15

.29

%

,

2/15/27

....

18,140

17,669

1709063.PS.FTS.B

,

16

.7

%

,

2/15/27

.....

7,679

7,478

1714495.PS.FTS.B

,

19

%

,

2/15/27

.......

17,297

17,267

1708634.PS.FTS.B

,

15

%

,

2/21/27

.......

11,772

11,440

1709645.PS.FTS.B

,

9

.27

%

,

2/28/27

.....

22,988

22,280

1710641.PS.FTS.B

,

13

.2

%

,

2/28/27

.....

13,827

13,426

1722529.PS.FTS.B

,

19

%

,

3/12/27

.......

17,928

17,630

1733471.PS.FTS.B

,

10

.44

%

,

3/22/27

....

14,673

14,243

1732976.PS.FTS.B

,

10

.53

%

,

3/22/27

....

9,791

9,517

1740175.PS.FTS.B

,

10

.7

%

,

3/22/27

.....

3,976

3,860

1732943.PS.FTS.B

,

11

.5

%

,

3/22/27

.....

4,388

4,266

1740124.PS.FTS.B

,

11

.61

%

,

3/22/27

....

12,023

11,671

1733513.PS.FTS.B

,

11

.7

%

,

3/22/27

.....

7,810

7,591

1732970.PS.FTS.B

,

11

.79

%

,

3/22/27

....

6,690

6,494

1732922.PS.FTS.B

,

12

.9

%

,

3/22/27

.....

22,282

21,629

1733459.PS.FTS.B

,

13

.7

%

,

3/22/27

.....

17,027

16,560

1742640.PS.FTS.B

,

14

.39

%

,

3/22/27

....

14,353

13,958

1742679.PS.FTS.B

,

15

.2

%

,

3/22/27

.....

3,440

3,345

1742682.PS.FTS.B

,

16

.33

%

,

3/22/27

....

8,670

8,430

1742649.PS.FTS.B

,

16

.8

%

,

3/22/27

.....

13,933

13,547

1740148.PS.FTS.B

,

18

.33

%

,

3/22/27

....

10,573

10,526

1739653.PS.FTS.B

,

18

.48

%

,

3/22/27

....

14,113

14,050

1733495.PS.FTS.B

,

21

.69

%

,

3/22/27

....

10,838

11,101

1733480.PS.FTS.B

,

24

.03

%

,

3/22/27

....

10,720

11,006

1734128.PS.FTS.B

,

10

.08

%

,

3/23/27

....

6,571

6,388

1743894.PS.FTS.B

,

10

.29

%

,

3/23/27

....

26,419

25,652

1743546.PS.FTS.B

,

10

.5

%

,

3/23/27

.....

9,925

9,637

1744077.PS.FTS.B

,

10

.8

%

,

3/23/27

.....

7,397

410

1744092.PS.FTS.B

,

10

.8

%

,

3/23/27

.....

5,639

5,475

1734281.PS.FTS.B

,

11

.4

%

,

3/23/27

.....

7,001

6,798

1740508.PS.FTS.B

,

11

.6

%

,

3/23/27

.....

5,231

5,086

1740955.PS.FTS.B

,

11

.79

%

,

3/23/27

....

16,724

16,238

1733702.PS.FTS.B

,

11

.89

%

,

3/23/27

....

3,263

3,173

1733807.PS.FTS.B

,

12

.32

%

,

3/23/27

....

8,063

7,829

1734272.PS.FTS.B

,

13

.08

%

,

3/23/27

....

10,544

10,255

1743558.PS.FTS.B

,

13

.32

%

,

3/23/27

....

8,889

609

1743561.PS.FTS.B

,

13

.4

%

,

3/23/27

.....

13,576

13,181

1740880.PS.FTS.B

,

13

.5

%

,

3/23/27

.....

7,560

7,356

1734077.PS.FTS.B

,

14

%

,

3/23/27

.......

5,314

5,170

1740496.PS.FTS.B

,

14

.19

%

,

3/23/27

....

6,550

6,390

1733816.PS.FTS.B

,

15

.1

%

,

3/23/27

.....

13,696

13,353

1734278.PS.FTS.B

,

15

.2

%

,

3/23/27

.....

6,879

6,692

1740958.PS.FTS.B

,

15

.8

%

,

3/23/27

.....

17,280

16,809

1744071.PS.FTS.B

,

16

.33

%

,

3/23/27

....

9,648

9,385

1743348.PS.FTS.B

,

16

.43

%

,

3/23/27

....

15,838

15,780

1740997.PS.FTS.B

,

16

.8

%

,

3/23/27

.....

13,933

13,552

1744065.PS.FTS.B

,

16

.8

%

,

3/23/27

.....

14,526

3,408

1734284.PS.FTS.B

,

16

.9

%

,

3/23/27

.....

1,394

1,389

1733993.PS.FTS.B

,

17

.2

%

,

3/23/27

.....

8,381

8,349

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

79

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Prosper

Funding

LLC

(continued)

1743540.PS.FTS.B

,

17

.29

%

,

3/23/27

....

$

11,854

$

11,853

1743573.PS.FTS.B

,

18

.78

%

,

3/23/27

....

6,719

6,692

1741006.PS.FTS.B

,

19

%

,

3/23/27

.......

4,959

4,939

1741000.PS.FTS.B

,

25

.67

%

,

3/23/27

....

11,020

11,330

1740316.PS.FTS.B

,

28

.23

%

,

3/23/27

....

7,552

7,729

1741357.PS.FTS.B

,

10

.5

%

,

3/24/27

.....

4,632

4,498

1734563.PS.FTS.B

,

11

.2

%

,

3/24/27

.....

10,317

10,020

1734560.PS.FTS.B

,

13

.5

%

,

3/24/27

.....

16,958

16,504

1744257.PS.FTS.B

,

14

%

,

3/24/27

.......

2,946

2,873

1744611.PS.FTS.B

,

14

.38

%

,

3/24/27

....

5,955

5,868

1744812.PS.FTS.B

,

14

.7

%

,

3/24/27

.....

12,962

12,636

1744299.PS.FTS.B

,

15

%

,

3/24/27

.......

6,182

6,015

1744656.PS.FTS.B

,

15

%

,

3/24/27

.......

8,586

8,355

1741336.PS.FTS.B

,

25

.9

%

,

3/24/27

.....

5,348

5,322

1742146.PS.FTS.B

,

10

.7

%

,

3/25/27

.....

5,965

5,795

1745565.PS.FTS.B

,

12

.42

%

,

3/25/27

....

10,088

9,822

1735826.PS.FTS.B

,

13

.19

%

,

3/25/27

....

16,244

15,655

1735664.PS.FTS.B

,

14

%

,

3/25/27

.......

17,033

16,582

1743180.PS.FTS.B

,

11

.2

%

,

3/27/27

.....

10,247

10,046

1743544.PS.FTS.B

,

16

.4

%

,

3/28/27

.....

24,842

23,896

1744585.PS.FTS.B

,

17

.29

%

,

3/29/27

....

1,365

1,379

1736876.PS.FTS.B

,

19

.3

%

,

3/29/27

.....

7,250

7,107

1747200.PS.FTS.B

,

27

.4

%

,

3/29/27

.....

9,183

9,225

1740187.PS.FTS.B

,

15

.1

%

,

4/01/27

.....

3,529

3,424

1749478.PS.FTS.B

,

11

.5

%

,

4/05/27

.....

5,547

5,377

1749460.PS.FTS.B

,

11

.7

%

,

4/05/27

.....

4,786

4,623

1752540.PS.FTS.B

,

11

.7

%

,

4/05/27

.....

13,673

13,207

1742810.PS.FTS.B

,

16

.7

%

,

4/05/27

.....

2,842

2,742

1741168.PS.FTS.B

,

18

.93

%

,

4/05/27

....

16,942

591

1743101.PS.FTS.B

,

10

.5

%

,

4/06/27

.....

2,708

2,616

1743137.PS.FTS.B

,

10

.5

%

,

4/06/27

.....

13,541

13,083

1743134.PS.FTS.B

,

13

.3

%

,

4/06/27

.....

12,584

4,996

1753416.PS.FTS.B

,

13

.6

%

,

4/06/27

.....

8,114

7,846

1752909.PS.FTS.B

,

14

.68

%

,

4/06/27

....

6,811

6,588

1743125.PS.FTS.B

,

14

.7

%

,

4/06/27

.....

13,999

13,511

1752906.PS.FTS.B

,

16

.33

%

,

4/06/27

....

9,921

9,573

1750213.PS.FTS.B

,

25

.6

%

,

4/06/27

.....

1,549

1,558

1750876.PS.FTS.B

,

10

.29

%

,

4/07/27

....

23,655

22,861

1744037.PS.FTS.B

,

10

.5

%

,

4/07/27

.....

10,155

9,814

1744580.PS.FTS.B

,

11

.2

%

,

4/07/27

.....

6,128

5,922

1750624.PS.FTS.B

,

11

.2

%

,

4/07/27

.....

6,903

1,461

1744538.PS.FTS.B

,

11

.7

%

,

4/07/27

.....

14,424

13,938

1753818.PS.FTS.B

,

11

.7

%

,

4/07/27

.....

10,255

9,910

1744571.PS.FTS.B

,

12

%

,

4/07/27

.......

6,853

6,623

1750606.PS.FTS.B

,

12

%

,

4/07/27

.......

6,187

5,975

1744541.PS.FTS.B

,

12

.2

%

,

4/07/27

.....

24,024

23,215

1753842.PS.FTS.B

,

12

.2

%

,

4/07/27

.....

6,864

6,633

1754325.PS.FTS.B

,

12

.2

%

,

4/07/27

.....

24,024

23,215

1754328.PS.FTS.B

,

13

.1

%

,

4/07/27

.....

6,718

6,500

1744715.PS.FTS.B

,

13

.3

%

,

4/07/27

.....

21,810

21,061

1744277.PS.FTS.B

,

14

.39

%

,

4/07/27

....

6,983

6,742

1744553.PS.FTS.B

,

14

.53

%

,

4/07/27

....

6,959

6,731

1753656.PS.FTS.B

,

14

.6

%

,

4/07/27

.....

17,485

16,882

1751044.PS.FTS.B

,

14

.7

%

,

4/07/27

.....

17,498

16,895

1744559.PS.FTS.B

,

14

.89

%

,

4/07/27

....

7,010

6,768

1744574.PS.FTS.B

,

19

%

,

4/07/27

.......

2,312

317

1751047.PS.FTS.B

,

19

.3

%

,

4/07/27

.....

17,971

17,764

1750600.PS.FTS.B

,

23

%

,

4/07/27

.......

10,592

10,727

Description

Principal

Amount

Value

Prosper

Funding

LLC

(continued)

1755057.PS.FTS.B

,

11

.2

%

,

4/08/27

.....

$

24,907

$

8,754

1745642.PS.FTS.B

,

12

%

,

4/08/27

.......

7,028

3,570

1755147.PS.FTS.B

,

12

.6

%

,

4/08/27

.....

10,280

9,948

1751995.PS.FTS.B

,

15

.62

%

,

4/08/27

....

10,225

9,895

1755237.PS.FTS.B

,

16

.02

%

,

4/08/27

....

8,130

8,015

1744907.PS.FTS.B

,

17

.59

%

,

4/08/27

....

1,780

1,761

1744880.PS.FTS.B

,

19

%

,

4/08/27

.......

10,838

10,679

1754712.PS.FTS.B

,

19

.38

%

,

4/08/27

....

18,112

17,845

1755429.PS.FTS.B

,

10

.5

%

,

4/11/27

.....

6,770

6,549

1755984.PS.FTS.B

,

11

.2

%

,

4/11/27

......

4,766

4,610

1755501.PS.FTS.B

,

11

.89

%

,

4/11/27

.....

6,505

6,292

1755927.PS.FTS.B

,

11

.89

%

,

4/11/27

.....

6,162

5,960

1752289.PS.FTS.B

,

16

.5

%

,

4/11/27

.....

14,190

13,717

1746119.PS.FTS.B

,

18

.13

%

,

4/11/27

.....

7,539

7,287

1747364.PS.FTS.B

,

11

.16

%

,

4/12/27

....

9,800

105

1750198.PS.FTS.B

,

11

.99

%

,

4/12/27

....

11,015

10,658

1752915.PS.FTS.B

,

12

.5

%

,

4/12/27

.....

17,248

16,663

1757922.PS.FTS.B

,

14

.67

%

,

4/13/27

....

6,998

6,771

1743234.PS.FTS.B

,

17

.23

%

,

4/14/27

....

6,238

1,462

1749839.PS.FTS.B

,

25

.6

%

,

4/14/27

.....

11,329

11,495

1733504.PS.FTS.B

,

11

.6

%

,

4/15/27

.....

8,964

8,690

1750612.PS.FTS.B

,

11

.79

%

,

4/15/27

....

9,582

9,260

1749974.PS.FTS.B

,

23

.31

%

,

4/15/27

....

4,867

4,967

1734263.PS.FTS.B

,

16

.33

%

,

4/16/27

....

14,179

13,760

1733450.PS.FTS.B

,

18

.13

%

,

4/16/27

....

18,388

17,803

1734857.PS.FTS.B

,

10

.5

%

,

4/17/27

.....

2,046

1,985

1750927.PS.FTS.B

,

11

.4

%

,

4/17/27

.....

8,906

8,607

1750621.PS.FTS.B

,

17

.37

%

,

4/17/27

....

7,192

7,088

1744034.PS.FTS.B

,

19

%

,

4/17/27

.......

8,276

8,170

1749754.PS.FTS.B

,

25

.9

%

,

4/17/27

.....

7,828

7,835

1742819.PS.FTS.B

,

11

.7

%

,

4/19/27

.....

8,614

8,320

1762974.PS.FTS.B

,

11

.2

%

,

4/20/27

.....

4,935

4,830

1744568.PS.FTS.B

,

12

%

,

4/20/27

.......

8,260

7,982

1754278.PS.FTS.B

,

24

.42

%

,

4/20/27

....

9,649

9,737

1739641.PS.FTS.B

,

14

.7

%

,

4/21/27

.....

10,643

10,330

1747212.PS.FTS.B

,

13

.48

%

,

4/22/27

....

17,564

16,937

1744227.PS.FTS.B

,

16

%

,

4/22/27

.......

13,336

12,992

1744730.PS.FTS.B

,

16

.02

%

,

4/24/27

....

6,429

6,338

1752903.PS.FTS.B

,

21

.18

%

,

4/30/27

....

17,940

17,532

1743944.PS.FTS.B

,

24

.2

%

,

4/30/27

.....

3,127

3,134

1760306.PS.FTS.B

,

22

.5

%

,

5/06/27

.....

5,937

5,974

1750849.PS.FTS.B

,

16

.64

%

,

5/15/27

....

1,735

1,709

1739848.PS.FTS.B

,

21

.9

%

,

9/22/27

.....

5,989

6,100

1685217.PS.FTS.B

,

10

.5

%

,

10/03/27

....

17,272

7,040

1660965.PS.FTS.B

,

14

.29

%

,

10/05/27

...

12,280

6,158

1743143.PS.FTS.B

,

14

.68

%

,

10/31/27

...

4,550

4,376

1678714.PS.FTS.B

,

25

.2

%

,

11/14/27

....

11,896

6,014

1742816.PS.FTS.B

,

14

.2

%

,

3/05/28

.....

8,824

446

1755876.PS.FTS.B

,

19

.3

%

,

3/15/28

.....

13,433

12,765

1756383.PS.FTS.B

,

19

.3

%

,

3/26/28

.....

24,336

–

3,037,940

Upgrade,

Inc.

24931814.UG.FTS.B

,

29

.69

%

,

12/17/24

..

7,388

7,792

Upgrade,

Inc.

-

Card

992374806.UG.FTS.B

,

19

.99

%

,

3/20/24

..

31

–

992446560.UG.FTS.B

,

29

.48

%

,

5/16/24

..

7

7

992135817.UG.FTS.B

,

29

.49

%

,

5/20/24

..

59

55

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

80

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992509371.UG.FTS.B

,

29

.49

%

,

5/20/24

..

$

28

$

2

991866886.UG.FTS.B

,

18

.47

%

,

5/24/24

..

110

111

992227731.UG.FTS.B

,

29

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%

,

6/07/24

..

51

49

991988264.UG.FTS.B

,

29

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%

,

6/08/24

..

53

53

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,

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..

13

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,

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117

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34

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..

52

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48

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,

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..

294

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71

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,

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133

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992154424.UG.FTS.B

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..

26

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..

104

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31

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,

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..

55

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147

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,

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39

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..

41

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,

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72

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,

9/13/24

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484

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..

87

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..

167

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138

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,

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.

79

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,

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,

10/20/24

.

37

38

992078704.UG.FTS.B

,

29

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,

10/23/24

.

25

22

991953930.UG.FTS.B

,

29

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,

11/06/24

.

33

29

992179184.UG.FTS.B

,

19

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,

12/30/24

..

60

47

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29

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,

1/18/25

..

104

89

992146186.UG.FTS.B

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28

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,

2/08/25

..

68

58

992521854.UG.FTS.B

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28

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,

2/20/25

..

53

55

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29

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,

2/20/25

..

93

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19

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,

2/23/25

..

6

6

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..

1

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68

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,

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554

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..

147

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..

84

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991850458.UG.FTS.B

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,

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..

198

201

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..

294

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,

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196

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..

103

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..

59

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28

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,

2/23/25

..

124

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..

108

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..

316

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..

395

412

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28

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,

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..

214

222

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28

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,

2/23/25

..

79

82

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

991847993.UG.FTS.B

,

29

.49

%

,

2/23/25

..

$

6

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,

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..

35

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..

82

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102

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164

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29

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,

2/23/25

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1,973

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..

355

370

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,

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,

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.....

53

53

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,

19

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,

2/24/25

..

10

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19

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,

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..

276

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19

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,

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..

84

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,

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,

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..

588

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991861717.UG.FTS.B

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,

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..

361

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991881531.UG.FTS.B

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28

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,

2/24/25

..

88

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,

28

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,

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..

164

171

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199

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480

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,

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..

292

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,

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..

2

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,

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195

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,

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96

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,

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..

209

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,

19

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,

2/25/25

...

51

51

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,

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...

738

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,

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38

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,

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..

279

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,

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..

185

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,

2/25/25

..

70

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,

2/25/25

..

789

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15

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,

3/03/25

..

425

433

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,

3/04/25

..

327

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,

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..

35

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,

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197

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..

125

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3/05/25

..

339

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,

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..

105

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17

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,

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..

125

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17

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,

3/05/25

..

68

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,

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..

79

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14

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,

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..

283

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,

3/06/25

.....

189

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16

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,

3/06/25

..

102

104

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,

3/06/25

..

315

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,

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..

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,

3/06/25

..

42

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,

17

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,

3/06/25

..

78

79

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,

17

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%

,

3/06/25

..

400

407

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,

17

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%

,

3/06/25

..

424

432

991960077.UG.FTS.B

,

19

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%

,

3/06/25

..

26

26

991955582.UG.FTS.B

,

29

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,

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..

15

15

992138560.UG.FTS.B

,

29

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,

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..

16

16

991948233.UG.FTS.B

,

29

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,

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..

39

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992001551.UG.FTS.B

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%

,

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..

9

9

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

81

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992092422.UG.FTS.B

,

15

.97

%

,

3/07/25

..

$

316

$

321

992148536.UG.FTS.B

,

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,

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..

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..

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..

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11

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,

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..

21

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..

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..

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,

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..

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,

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..

17

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,

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..

13

13

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,

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..

27

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,

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..

34

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29

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,

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..

7

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29

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%

,

3/08/25

..

9

9

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,

29

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%

,

3/08/25

..

3

3

991962073.UG.FTS.B

,

15

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%

,

3/09/25

..

267

271

992045994.UG.FTS.B

,

15

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%

,

3/09/25

..

122

123

992093111.UG.FTS.B

,

15

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%

,

3/09/25

..

13

13

992088368.UG.FTS.B

,

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%

,

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..

92

93

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,

17

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,

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..

276

281

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17

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,

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,

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..

729

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,

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..

61

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..

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,

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..

16

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,

3/09/25

..

88

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991946846.UG.FTS.B

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28

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,

3/09/25

..

378

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,

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,

3/09/25

..

160

160

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,

3/09/25

..

199

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,

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..

487

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..

674

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,

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..

498

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28

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,

3/09/25

..

260

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,

3/09/25

..

627

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..

227

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..

118

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..

160

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..

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,

3/09/25

..

267

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..

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..

23

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,

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,

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..

5

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,

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..

109

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,

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..

18

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,

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,

3/09/25

..

269

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,

29

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%

,

3/09/25

..

93

96

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

991953775.UG.FTS.B

,

29

.47

%

,

3/09/25

..

$

188

$

196

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,

29

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,

3/09/25

..

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,

3/09/25

..

64

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,

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,

3/09/25

..

79

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,

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,

3/09/25

..

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Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

82

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

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Inc.

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Card

(continued)

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112

Description

Principal

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Inc.

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(continued)

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50

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

83

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992028716.UG.FTS.B

,

29

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114

Description

Principal

Amount

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Inc.

-

Card

(continued)

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,

28

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%

,

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Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

84

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

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..

217

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..

97

100

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

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,

29

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%

,

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14

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223

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..

172

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89

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48

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79

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..

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249

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..

948

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144

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86

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,

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180

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Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

85

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992246432.UG.FTS.B

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,

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..

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..

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,

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..

15

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..

3

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..

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..

17

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..

53

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,

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..

106

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..

119

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..

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..

17

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..

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..

38

38

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992235469.UG.FTS.B

,

29

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,

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..

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..

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..

132

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..

315

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,

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100

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,

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..

148

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,

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..

320

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,

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243

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..

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..

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..

139

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259

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89

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..

91

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..

591

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..

246

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..

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,

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..

44

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,

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,

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..

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..

421

432

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

86

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992299793.UG.FTS.B

,

26

.48

%

,

3/23/25

..

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54

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,

3/23/25

..

34

2

992227551.UG.FTS.B

,

27

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,

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..

225

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,

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,

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..

39

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,

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,

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..

663

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,

27

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,

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..

163

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,

28

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,

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..

67

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,

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590

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296

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992082410.UG.FTS.B

,

28

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,

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613

639

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,

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,

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..

193

194

992085160.UG.FTS.B

,

28

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,

3/23/25

..

120

122

992086210.UG.FTS.B

,

28

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,

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..

822

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992086845.UG.FTS.B

,

28

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,

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..

145

151

992087922.UG.FTS.B

,

28

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,

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..

1,285

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,

28

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,

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..

156

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,

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,

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..

64

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28

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,

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..

41

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,

28

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,

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..

79

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,

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754

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,

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..

258

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992114867.UG.FTS.B

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,

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..

19

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992115078.UG.FTS.B

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28

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,

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..

69

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28

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,

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..

177

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..

656

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..

24

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..

24

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,

28

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,

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..

61

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,

28

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,

3/23/25

..

366

28

992142185.UG.FTS.B

,

28

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,

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..

698

55

992142312.UG.FTS.B

,

28

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,

3/23/25

..

65

67

992148319.UG.FTS.B

,

28

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,

3/23/25

..

180

187

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,

28

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%

,

3/23/25

..

318

333

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,

28

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%

,

3/23/25

..

87

91

992159141.UG.FTS.B

,

28

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%

,

3/23/25

..

217

227

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,

28

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,

3/23/25

..

384

401

992174066.UG.FTS.B

,

28

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,

3/23/25

..

1,068

1,113

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,

28

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,

3/23/25

..

262

274

992176589.UG.FTS.B

,

28

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,

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..

174

182

992178085.UG.FTS.B

,

28

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,

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..

7

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28

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,

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..

68

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28

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,

3/23/25

..

435

455

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,

28

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,

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..

182

189

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28

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3/23/25

..

80

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,

3/23/25

..

133

139

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,

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..

67

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992221459.UG.FTS.B

,

28

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,

3/23/25

..

230

240

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,

28

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,

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..

106

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28

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,

3/23/25

..

68

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,

28

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,

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..

179

180

992273158.UG.FTS.B

,

28

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,

3/23/25

..

386

402

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,

28

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%

,

3/23/25

..

561

585

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992284119.UG.FTS.B

,

28

.98

%

,

3/23/25

..

$

65

$

66

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,

28

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,

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..

19

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,

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,

3/23/25

..

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..

62

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,

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,

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,

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365

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865

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..

160

166

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29

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881

922

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29

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,

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656

687

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29

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,

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..

468

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,

29

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,

3/23/25

..

79

83

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,

29

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,

3/23/25

..

74

74

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,

29

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%

,

3/23/25

..

300

314

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29

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%

,

3/23/25

..

150

157

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,

29

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,

3/23/25

..

266

18

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,

29

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,

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..

51

53

992075662.UG.FTS.B

,

29

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,

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..

83

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,

29

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,

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..

211

218

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29

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,

3/23/25

..

294

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,

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..

47

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29

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,

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..

630

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,

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..

391

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,

3/23/25

..

1,322

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,

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,

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..

373

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,

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..

77

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,

29

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,

3/23/25

..

479

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992092155.UG.FTS.B

,

29

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,

3/23/25

..

1,102

1,159

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,

29

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,

3/23/25

..

50

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,

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..

196

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,

29

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,

3/23/25

..

100

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,

3/23/25

..

83

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,

29

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%

,

3/23/25

..

134

140

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,

29

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,

3/23/25

..

104

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,

29

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,

3/23/25

..

81

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,

29

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,

3/23/25

..

789

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992076714.UG.FTS.B

,

29

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,

3/23/25

..

189

200

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29

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,

3/23/25

..

209

219

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29

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,

3/23/25

..

353

52

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,

29

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,

3/23/25

..

143

144

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,

29

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,

3/23/25

..

53

55

992085314.UG.FTS.B

,

29

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%

,

3/23/25

..

33

34

992085601.UG.FTS.B

,

29

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%

,

3/23/25

..

195

202

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,

29

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%

,

3/23/25

..

268

281

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,

29

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%

,

3/23/25

..

352

362

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,

29

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,

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..

43

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29

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,

3/23/25

..

1,719

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29

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,

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..

54

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,

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,

3/23/25

..

799

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29

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%

,

3/23/25

..

617

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29

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%

,

3/23/25

..

1,746

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,

29

.49

%

,

3/23/25

..

252

266

992099891.UG.FTS.B

,

29

.49

%

,

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..

43

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,

29

.49

%

,

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..

548

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,

29

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,

3/23/25

..

155

162

992105922.UG.FTS.B

,

29

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%

,

3/23/25

..

55

57

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,

29

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%

,

3/23/25

..

58

59

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

87

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992107332.UG.FTS.B

,

29

.49

%

,

3/23/25

..

$

64

$

67

992108103.UG.FTS.B

,

29

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,

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..

123

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,

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..

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,

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..

53

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..

63

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101

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..

164

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..

174

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29

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..

92

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,

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..

48

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,

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..

9

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29

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,

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..

75

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,

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..

512

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29

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..

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,

29

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%

,

3/23/25

..

103

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29

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%

,

3/23/25

..

327

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29

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,

3/23/25

..

153

22

992143800.UG.FTS.B

,

29

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,

3/23/25

..

141

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,

29

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,

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..

103

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29

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,

3/23/25

..

68

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,

29

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,

3/23/25

..

175

185

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,

29

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,

3/23/25

..

151

158

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,

29

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%

,

3/23/25

..

202

211

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,

29

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%

,

3/23/25

..

85

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,

29

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%

,

3/23/25

..

461

486

992168335.UG.FTS.B

,

29

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%

,

3/23/25

..

137

143

992174056.UG.FTS.B

,

29

.49

%

,

3/23/25

..

160

168

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,

29

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%

,

3/23/25

..

38

39

992188338.UG.FTS.B

,

29

.49

%

,

3/23/25

..

87

91

992191296.UG.FTS.B

,

29

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%

,

3/23/25

..

173

180

992202006.UG.FTS.B

,

29

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%

,

3/23/25

..

527

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992203124.UG.FTS.B

,

29

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%

,

3/23/25

..

630

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29

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%

,

3/23/25

..

47

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,

29

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%

,

3/23/25

..

142

148

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,

29

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%

,

3/23/25

..

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–

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,

29

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,

3/23/25

..

182

186

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,

29

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%

,

3/23/25

..

146

153

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,

29

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,

3/23/25

..

49

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,

29

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,

3/23/25

..

41

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,

29

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%

,

3/23/25

..

38

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,

29

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,

3/23/25

..

9

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,

29

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%

,

3/23/25

..

118

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,

29

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%

,

3/23/25

..

59

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,

29

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%

,

3/23/25

..

376

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,

29

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%

,

3/23/25

..

77

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,

29

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,

3/23/25

..

431

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,

29

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,

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..

30

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29

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,

3/23/25

..

91

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,

29

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,

3/23/25

..

134

139

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,

29

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,

3/23/25

..

64

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,

29

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%

,

3/23/25

..

181

188

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,

26

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,

3/24/25

..

1,269

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,

28

.98

%

,

3/24/25

..

313

–

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,

28

.98

%

,

3/24/25

..

97

100

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,

29

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%

,

3/24/25

..

9

10

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,

29

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,

3/24/25

..

82

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,

29

.49

%

,

3/24/25

..

130

10

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,

29

.49

%

,

3/24/25

..

168

175

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992093797.UG.FTS.B

,

15

.97

%

,

3/25/25

..

$

1,100

$

1,124

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,

15

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%

,

3/25/25

..

212

217

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,

17

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%

,

3/25/25

..

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,

17

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%

,

3/28/25

..

82

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,

15

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,

3/30/25

..

53

54

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,

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%

,

3/30/25

..

20

20

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,

16

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%

,

3/30/25

..

18

18

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,

17

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,

3/30/25

..

374

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,

17

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,

3/30/25

..

58

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,

17

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,

3/30/25

..

121

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,

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..

1

1

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,

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,

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..

1

1

992149764.UG.FTS.B

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,

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..

864

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992300267.UG.FTS.B

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..

625

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..

71

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,

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471

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992192029.UG.FTS.B

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,

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..

56

57

992256830.UG.FTS.B

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,

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..

625

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992169526.UG.FTS.B

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,

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..

169

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992191535.UG.FTS.B

,

16

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,

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399

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992318980.UG.FTS.B

,

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2,460

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155

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150

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205

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259

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112

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..

159

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58

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272

277

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..

132

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,

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..

54

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272

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151

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184

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60

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,

4/02/25

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316

315

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,

4/02/25

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212

26

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19

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,

4/02/25

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299

302

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,

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1,299

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4/02/25

..

211

213

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21

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,

4/02/25

..

103

105

992207780.UG.FTS.B

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21

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,

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..

70

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21

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,

4/02/25

..

109

112

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17

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,

4/03/25

..

1,066

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18

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,

4/03/25

..

68

69

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,

20

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,

4/03/25

..

1,939

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21

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%

,

4/03/25

..

1,028

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14

%

,

4/04/25

.....

63

65

992230337.UG.FTS.B

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14

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,

4/04/25

..

414

420

992232001.UG.FTS.B

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,

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87

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53

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Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

88

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992383612.UG.FTS.B

,

16

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,

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,

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158

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818

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16

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,

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..

314

320

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16

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,

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128

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,

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..

146

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,

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116

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,

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..

89

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,

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..

262

267

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15

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,

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101

103

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,

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..

107

108

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,

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,

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..

123

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,

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..

12

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992394992.UG.FTS.B

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15

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,

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..

422

429

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,

16

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,

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..

331

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,

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,

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..

226

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..

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747

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206

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..

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297

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59

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117

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118

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669

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,

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71

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,

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..

1,244

1,271

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992287880.UG.FTS.B

,

16

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%

,

4/13/25

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..

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..

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487

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..

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,

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..

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17

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,

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..

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,

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..

226

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992309878.UG.FTS.B

,

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,

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...

839

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,

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,

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..

415

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20

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,

4/14/25

..

58

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20

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,

4/14/25

..

127

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28

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,

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..

102

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,

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..

199

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,

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..

187

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,

28

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,

4/14/25

..

232

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,

29

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%

,

4/14/25

..

837

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,

29

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%

,

4/14/25

..

12

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,

29

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,

4/14/25

..

2

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,

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..

68

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,

4/14/25

..

21

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14

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,

4/15/25

..

828

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15

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,

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..

782

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16

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,

4/15/25

..

692

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,

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..

114

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,

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..

636

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17

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,

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..

86

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17

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,

4/15/25

..

64

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23

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,

4/15/25

..

105

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28

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,

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..

87

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..

462

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,

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..

390

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..

359

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4/15/25

..

175

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29

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,

4/15/25

..

188

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29

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4/15/25

..

91

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429

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80

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,

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..

165

165

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,

15

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,

4/16/25

.....

56

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,

4/16/25

..

80

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..

37

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16

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4/16/25

..

1,051

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17

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,

4/16/25

..

150

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,

19

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,

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..

191

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,

19

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%

,

4/16/25

..

159

161

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

89

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992307581.UG.FTS.B

,

19

.99

%

,

4/16/25

..

$

267

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.....

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Description

Principal

Amount

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-

Card

(continued)

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,

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..

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93

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

90

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992361195.UG.FTS.B

,

28

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..

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31

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,

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..

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103

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..

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..

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71

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

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,

29

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%

,

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..

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,

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,

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..

320

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992383092.UG.FTS.B

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..

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..

69

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..

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,

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..

4

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,

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..

314

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,

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..

64

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..

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220

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..

117

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111

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,

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..

135

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..

143

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,

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..

209

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..

121

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276

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101

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..

6

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..

3

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..

142

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2,423

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..

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,

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..

313

327

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..

37

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491

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356

367

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,

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..

171

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214

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203

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125

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28

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,

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..

110

115

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28

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,

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..

371

384

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28

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..

205

214

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28

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,

4/21/25

..

513

537

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,

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..

59

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,

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212

222

992367014.UG.FTS.B

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,

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177

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Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

91

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992371954.UG.FTS.B

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28

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297

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72

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28

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,

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65

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180

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123

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,

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..

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,

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..

126

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,

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,

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..

129

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,

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..

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..

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..

519

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..

136

142

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992418623.UG.FTS.B

,

19

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%

,

4/22/25

..

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..

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..

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..

163

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..

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27

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,

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..

101

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28

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,

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..

299

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28

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,

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..

83

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28

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,

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..

70

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,

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..

836

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..

298

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28

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,

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..

656

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28

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,

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..

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28

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..

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..

298

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28

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..

478

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28

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,

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..

2,351

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28

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..

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28

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,

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..

121

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28

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,

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..

63

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,

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..

74

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..

206

215

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28

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,

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..

510

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28

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,

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..

62

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28

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,

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..

342

355

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28

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,

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..

60

63

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28

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,

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..

172

180

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28

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..

148

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28

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..

650

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28

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..

468

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28

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,

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..

254

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28

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,

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..

373

26

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28

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,

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..

27

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28

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,

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..

210

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28

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..

68

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,

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..

64

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..

70

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..

114

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..

67

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28

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..

613

634

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28

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,

4/22/25

..

866

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28

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,

4/22/25

..

402

418

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28

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,

4/22/25

..

218

226

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,

28

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,

4/22/25

..

93

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,

28

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,

4/22/25

..

284

22

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,

28

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,

4/22/25

..

202

211

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,

28

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%

,

4/22/25

..

110

115

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

92

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992439548.UG.FTS.B

,

28

.98

%

,

4/22/25

..

$

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175

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..

219

223

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,

28

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,

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..

17

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28

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,

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..

2,348

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,

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,

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..

1,238

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992496078.UG.FTS.B

,

28

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,

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..

1,627

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992497455.UG.FTS.B

,

28

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,

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..

276

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,

28

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,

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..

77

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28

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,

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..

114

119

992524050.UG.FTS.B

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28

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,

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..

146

150

992525490.UG.FTS.B

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,

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..

58

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,

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57

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,

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..

778

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992554445.UG.FTS.B

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28

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,

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..

464

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992557834.UG.FTS.B

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28

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,

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..

102

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,

28

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,

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..

163

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992566101.UG.FTS.B

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28

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,

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..

22

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,

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,

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..

30

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,

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..

146

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,

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962

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,

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..

96

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29

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..

171

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,

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..

117

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29

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,

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..

27

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992465290.UG.FTS.B

,

29

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,

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..

155

162

992485001.UG.FTS.B

,

29

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%

,

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..

560

38

992362219.UG.FTS.B

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29

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,

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..

539

561

992365556.UG.FTS.B

,

29

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,

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..

126

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,

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..

739

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992377928.UG.FTS.B

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,

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..

25

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992389328.UG.FTS.B

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29

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,

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..

460

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,

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..

93

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29

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,

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65

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29

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..

512

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56

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,

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..

485

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..

33

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29

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,

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..

77

80

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,

29

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,

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..

240

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..

66

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29

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,

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..

129

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29

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,

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..

77

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29

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,

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..

73

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,

29

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,

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..

101

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,

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..

48

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29

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,

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..

72

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,

29

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,

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..

385

406

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,

29

.48

%

,

4/22/25

..

53

53

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992376821.UG.FTS.B

,

29

.48

%

,

4/22/25

..

$

839

$

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,

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.48

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,

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..

96

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29

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,

4/22/25

..

24

24

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,

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..

104

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..

224

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29

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..

106

112

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..

67

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109

113

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,

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222

229

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..

1,174

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,

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..

15

15

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29

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,

4/22/25

..

187

191

992369764.UG.FTS.B

,

29

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,

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..

903

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,

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,

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..

107

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,

29

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,

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..

61

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,

29

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,

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..

26

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,

29

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,

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..

782

811

992380732.UG.FTS.B

,

29

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,

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..

171

181

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,

29

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%

,

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..

60

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,

29

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,

4/22/25

..

119

124

992385494.UG.FTS.B

,

29

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,

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..

94

95

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,

29

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,

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..

109

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,

29

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,

4/22/25

..

48

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29

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,

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..

104

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29

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,

4/22/25

..

5

5

992390795.UG.FTS.B

,

29

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,

4/22/25

..

80

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992393084.UG.FTS.B

,

29

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,

4/22/25

..

70

71

992395985.UG.FTS.B

,

29

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%

,

4/22/25

..

458

34

992396468.UG.FTS.B

,

29

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%

,

4/22/25

..

284

298

992399453.UG.FTS.B

,

29

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,

4/22/25

..

142

148

992404011.UG.FTS.B

,

29

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%

,

4/22/25

..

20

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,

29

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%

,

4/22/25

..

64

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29

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,

4/22/25

..

467

489

992419369.UG.FTS.B

,

29

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%

,

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..

155

159

992419799.UG.FTS.B

,

29

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%

,

4/22/25

..

79

82

992420242.UG.FTS.B

,

29

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%

,

4/22/25

..

107

112

992420248.UG.FTS.B

,

29

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%

,

4/22/25

..

84

89

992422521.UG.FTS.B

,

29

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,

4/22/25

..

49

50

992427395.UG.FTS.B

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29

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,

4/22/25

..

78

82

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,

29

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,

4/22/25

..

62

65

992435188.UG.FTS.B

,

29

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%

,

4/22/25

..

113

114

992444712.UG.FTS.B

,

29

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%

,

4/22/25

..

1,759

–

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,

29

.49

%

,

4/22/25

..

513

534

992445486.UG.FTS.B

,

29

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%

,

4/22/25

..

164

174

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,

29

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%

,

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..

89

13

992451074.UG.FTS.B

,

29

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,

4/22/25

..

15

16

992454195.UG.FTS.B

,

29

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%

,

4/22/25

..

23

23

992455844.UG.FTS.B

,

29

.49

%

,

4/22/25

..

2,800

40

992464276.UG.FTS.B

,

29

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,

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..

110

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,

29

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%

,

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..

44

45

992477452.UG.FTS.B

,

29

.49

%

,

4/22/25

..

333

348

992477516.UG.FTS.B

,

29

.49

%

,

4/22/25

..

56

58

992479682.UG.FTS.B

,

29

.49

%

,

4/22/25

..

137

144

992484017.UG.FTS.B

,

29

.49

%

,

4/22/25

..

367

25

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,

29

.49

%

,

4/22/25

..

152

159

992487374.UG.FTS.B

,

29

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,

4/22/25

..

94

97

992487705.UG.FTS.B

,

29

.49

%

,

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..

360

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,

29

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%

,

4/22/25

..

211

220

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

93

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992494128.UG.FTS.B

,

29

.49

%

,

4/22/25

..

$

137

$

143

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,

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,

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..

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,

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..

156

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..

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..

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,

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..

232

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..

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,

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..

187

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,

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..

149

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..

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,

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..

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..

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,

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..

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,

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..

243

253

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29

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,

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..

297

21

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,

29

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,

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..

206

211

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,

29

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,

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..

446

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,

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..

110

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,

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..

251

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,

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..

239

249

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,

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..

60

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29

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,

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..

42

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,

29

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%

,

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..

185

192

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29

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%

,

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..

71

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,

29

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%

,

4/22/25

..

71

72

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,

29

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%

,

4/22/25

..

343

354

991884399.UG.FTS.B

,

29

.49

%

,

4/25/25

..

74

76

992239074.UG.FTS.B

,

28

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%

,

5/08/25

..

92

93

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,

29

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%

,

5/08/25

..

116

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,

19

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,

5/09/25

..

82

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28

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%

,

5/09/25

..

933

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,

29

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,

5/20/25

..

900

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,

21

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%

,

5/23/25

..

145

115

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,

21

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%

,

5/23/25

..

125

2

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,

28

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%

,

5/23/25

..

130

136

992102475.UG.FTS.B

,

29

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%

,

5/25/25

..

1,082

829

992083964.UG.FTS.B

,

29

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%

,

6/08/25

..

81

6

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,

29

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%

,

6/08/25

..

152

117

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,

16

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%

,

6/09/25

..

260

263

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,

28

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,

6/09/25

..

179

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,

28

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%

,

6/09/25

..

402

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,

29

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%

,

6/09/25

..

346

280

992025113.UG.FTS.B

,

29

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%

,

6/09/25

..

53

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,

29

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%

,

6/09/25

..

942

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,

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,

6/12/25

..

68

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6/12/25

..

211

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,

6/20/25

..

163

120

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,

6/20/25

..

129

133

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28

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%

,

6/20/25

..

165

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,

28

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,

6/20/25

..

146

112

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,

28

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%

,

6/20/25

..

182

–

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,

29

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%

,

6/23/25

..

712

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,

15

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%

,

6/30/25

..

4,763

559

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,

19

.8

%

,

7/02/25

...

161

126

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,

16

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,

7/06/25

..

489

499

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,

28

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%

,

7/08/25

..

539

562

991994702.UG.FTS.B

,

28

.98

%

,

7/09/25

..

559

36

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992061641.UG.FTS.B

,

28

.98

%

,

7/09/25

..

$

102

$

2

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,

28

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,

7/09/25

..

1,084

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29

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,

7/09/25

..

194

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,

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..

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28

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,

7/11/25

..

90

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17

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7/13/25

..

275

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,

28

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,

7/18/25

..

533

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,

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,

7/18/25

..

807

826

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,

28

.98

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,

7/20/25

..

209

159

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,

28

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%

,

7/20/25

..

137

–

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,

29

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%

,

7/20/25

..

71

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,

29

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,

7/20/25

..

73

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,

29

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%

,

7/20/25

..

1,364

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,

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,

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..

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94

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..

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992347993.UG.FTS.B

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,

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..

372

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992183546.UG.FTS.B

,

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,

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..

155

158

992288991.UG.FTS.B

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29

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,

8/12/25

..

101

7

992304599.UG.FTS.B

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28

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8/14/25

..

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356

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28

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,

8/17/25

..

1,176

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992365288.UG.FTS.B

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1,270

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137

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204

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..

143

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150

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,

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..

51

52

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..

345

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123

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..

73

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..

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..

273

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9/20/25

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,

9/20/25

..

320

22

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10/08/25

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1,061

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180

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576

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10/20/25

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71

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.

178

12

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11/06/25

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449

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,

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128

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,

11/09/25

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285

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,

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165

173

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11/19/25

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1,427

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,

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87

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,

28

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,

11/20/25

.

159

14

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29

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%

,

11/20/25

.

249

263

992386280.UG.FTS.B

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15

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265

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

94

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992385553.UG.FTS.B

,

29

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%

,

12/18/25

.

$

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,

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272

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180

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326

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189

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,

2/17/26

..

127

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..

123

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,

2/20/26

..

181

9

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19

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3/08/26

..

1,451

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19

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,

4/20/26

..

206

146

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,

29

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,

4/20/26

..

143

147

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29

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,

4/20/26

..

198

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,

6/01/26

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79

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28

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,

6/08/26

..

146

18

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,

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,

7/09/26

..

195

23

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,

29

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,

8/20/26

..

405

407

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,

28

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%

,

9/08/26

..

243

168

992238434.UG.FTS.B

,

28

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,

9/12/26

..

694

706

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,

29

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,

9/18/26

..

626

427

992120980.UG.FTS.B

,

29

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%

,

9/19/26

..

514

534

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,

26

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%

,

12/09/26

.

1,663

349

992133652.UG.FTS.B

,

28

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,

3/08/27

..

122

75

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,

22

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%

,

3/12/27

..

602

631

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,

29

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,

3/18/27

..

110

112

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,

19

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,

4/04/27

..

2,054

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,

19

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,

4/04/27

..

51

52

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,

15

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%

,

4/08/27

..

888

931

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,

15

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%

,

4/13/27

..

1,032

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,

16

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%

,

4/15/27

..

1,926

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,

16

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,

4/15/27

..

687

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,

28

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,

4/19/27

..

1,547

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,

19

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,

4/21/27

..

3,393

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,

29

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%

,

9/09/27

..

220

227

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,

22

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%

,

11/29/27

.

110

114

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,

28

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,

2/25/28

..

24

2

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,

29

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,

7/12/28

..

19

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,

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,

12/08/28

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2

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,

12/11/28

.

5

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12/20/28

.

6

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,

1/20/29

..

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2/06/29

..

3

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2/09/29

..

8

1

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,

2/10/29

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1

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,

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..

1

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,

28

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,

2/20/29

..

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,

29

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%

,

2/20/29

..

6

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,

2/24/29

..

45

3

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,

29

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,

3/06/29

..

95

7

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28

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,

3/08/29

..

9

9

992074328.UG.FTS.B

,

28

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%

,

3/08/29

..

3

3

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992184956.UG.FTS.B

,

28

.48

%

,

3/08/29

..

$

145

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59

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,

29

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,

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..

80

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..

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11

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,

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..

63

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28

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13

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,

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2

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,

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..

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29

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,

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..

3

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,

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,

3/09/29

..

20

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%

,

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..

9

9

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,

29

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%

,

3/09/29

..

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2

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,

29

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%

,

3/09/29

..

21

2

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29

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%

,

3/10/29

..

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5

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29

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,

3/12/29

..

9

1

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29

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,

3/12/29

..

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,

3/18/29

..

16

16

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,

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..

143

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..

2

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,

3/20/29

..

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,

3/20/29

..

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,

3/20/29

..

7

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,

3/20/29

..

18

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29

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,

3/20/29

..

5

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,

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..

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,

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..

30

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3/20/29

..

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1

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%

,

3/20/29

..

48

9

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29

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,

3/20/29

..

53

4

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29

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%

,

3/20/29

..

5

5

992082794.UG.FTS.B

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29

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,

3/20/29

..

310

26

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29

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,

3/20/29

..

203

39

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,

3/20/29

..

26

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29

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,

3/20/29

..

29

–

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,

29

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,

3/20/29

..

35

35

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,

29

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%

,

3/20/29

..

61

61

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,

16

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,

3/29/29

..

5

5

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,

21

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,

3/29/29

..

13

13

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21

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,

3/29/29

..

27

27

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,

16

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%

,

3/30/29

..

13

13

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17

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%

,

3/30/29

..

17

16

992185159.UG.FTS.B

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17

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,

3/30/29

..

13

13

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18

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,

3/30/29

..

10

10

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,

17

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%

,

4/01/29

..

4

4

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,

19

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%

,

4/01/29

...

33

33

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,

19

.3

%

,

4/01/29

...

11

11

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,

20

.47

%

,

4/01/29

..

54

54

992220214.UG.FTS.B

,

21

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%

,

4/01/29

..

38

37

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,

23

.45

%

,

4/01/29

..

23

22

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,

17

.49

%

,

4/02/29

..

11

11

992199364.UG.FTS.B

,

18

.47

%

,

4/02/29

..

44

44

992264265.UG.FTS.B

,

15

.47

%

,

4/03/29

..

3

3

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

95

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992224386.UG.FTS.B

,

19

.3

%

,

4/03/29

...

$

18

$

18

992203477.UG.FTS.B

,

25

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,

4/03/29

..

78

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.....

6

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123

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4/08/29

..

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17

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4/08/29

..

1

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17

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,

4/08/29

..

9

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,

4/08/29

..

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..

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2

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..

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,

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,

4/09/29

..

1

1

992291144.UG.FTS.B

,

19

.96

%

,

4/11/29

..

18

18

992438647.UG.FTS.B

,

19

.96

%

,

4/11/29

..

69

5

992280296.UG.FTS.B

,

20

.96

%

,

4/11/29

..

6

6

992290505.UG.FTS.B

,

16

.49

%

,

4/12/29

..

5

5

992293830.UG.FTS.B

,

16

.49

%

,

4/12/29

..

24

24

992295741.UG.FTS.B

,

19

.96

%

,

4/12/29

..

8

8

992285635.UG.FTS.B

,

20

.47

%

,

4/12/29

..

20

20

992314331.UG.FTS.B

,

20

.47

%

,

4/12/29

..

11

11

992306624.UG.FTS.B

,

23

.45

%

,

4/12/29

..

20

20

992311352.UG.FTS.B

,

17

.49

%

,

4/13/29

..

4

4

992294831.UG.FTS.B

,

17

.71

%

,

4/13/29

..

32

32

992298332.UG.FTS.B

,

19

.99

%

,

4/13/29

..

21

21

992299907.UG.FTS.B

,

28

.48

%

,

4/13/29

..

48

49

992298570.UG.FTS.B

,

29

.49

%

,

4/13/29

..

2

2

992305685.UG.FTS.B

,

29

.49

%

,

4/13/29

..

12

12

992307140.UG.FTS.B

,

21

.48

%

,

4/14/29

..

35

35

992307314.UG.FTS.B

,

25

.45

%

,

4/14/29

..

64

64

992306818.UG.FTS.B

,

28

.48

%

,

4/14/29

..

5

5

992307966.UG.FTS.B

,

28

.48

%

,

4/14/29

..

9

9

992309855.UG.FTS.B

,

29

.47

%

,

4/14/29

..

8

8

992304577.UG.FTS.B

,

29

.48

%

,

4/14/29

..

13

13

992304827.UG.FTS.B

,

29

.49

%

,

4/14/29

..

3

3

992305369.UG.FTS.B

,

29

.49

%

,

4/14/29

..

14

14

992306896.UG.FTS.B

,

29

.49

%

,

4/14/29

..

3

3

992307114.UG.FTS.B

,

29

.49

%

,

4/14/29

..

14

14

992307961.UG.FTS.B

,

29

.49

%

,

4/14/29

..

21

21

992308347.UG.FTS.B

,

29

.49

%

,

4/14/29

..

63

63

992308875.UG.FTS.B

,

29

.49

%

,

4/14/29

..

5

5

992308975.UG.FTS.B

,

29

.49

%

,

4/14/29

..

5

5

992309470.UG.FTS.B

,

29

.49

%

,

4/14/29

..

6

6

992330165.UG.FTS.B

,

17

.71

%

,

4/15/29

..

14

14

992445261.UG.FTS.B

,

14

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%

,

4/17/29

..

23

23

992368975.UG.FTS.B

,

17

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%

,

4/17/29

..

49

48

992415751.UG.FTS.B

,

17

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%

,

4/17/29

..

42

42

992454726.UG.FTS.B

,

17

.49

%

,

4/17/29

..

98

98

992355303.UG.FTS.B

,

28

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%

,

4/17/29

..

91

92

992397817.UG.FTS.B

,

28

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%

,

4/17/29

..

8

8

992363936.UG.FTS.B

,

29

.49

%

,

4/17/29

..

1

1

992384552.UG.FTS.B

,

29

.49

%

,

4/17/29

..

94

94

992510143.UG.FTS.B

,

29

.49

%

,

4/17/29

..

11

12

992574074.UG.FTS.B

,

29

.49

%

,

4/17/29

..

4

4

992612415.UG.FTS.B

,

29

.49

%

,

4/17/29

..

56

4

992392448.UG.FTS.B

,

26

.44

%

,

4/18/29

..

324

20

992338915.UG.FTS.B

,

28

.48

%

,

4/18/29

..

4

4

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992405045.UG.FTS.B

,

28

.48

%

,

4/18/29

..

$

4

$

4

992442265.UG.FTS.B

,

28

.48

%

,

4/18/29

..

16

3

992575704.UG.FTS.B

,

28

.48

%

,

4/18/29

..

9

9

992628071.UG.FTS.B

,

28

.48

%

,

4/18/29

..

4

4

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,

29

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%

,

4/18/29

..

17

17

992344302.UG.FTS.B

,

29

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%

,

4/18/29

..

186

12

992361225.UG.FTS.B

,

29

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%

,

4/18/29

..

2

2

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,

29

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,

4/18/29

..

7

7

992343678.UG.FTS.B

,

29

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,

4/18/29

..

10

10

992349101.UG.FTS.B

,

29

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%

,

4/18/29

..

4

4

992364036.UG.FTS.B

,

29

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%

,

4/18/29

..

3

3

992369622.UG.FTS.B

,

29

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%

,

4/18/29

..

39

39

992401273.UG.FTS.B

,

29

.49

%

,

4/18/29

..

10

10

992405803.UG.FTS.B

,

29

.49

%

,

4/18/29

..

92

15

992415082.UG.FTS.B

,

29

.49

%

,

4/18/29

..

16

16

992422684.UG.FTS.B

,

29

.49

%

,

4/18/29

..

15

14

992442696.UG.FTS.B

,

29

.49

%

,

4/18/29

..

15

15

992445119.UG.FTS.B

,

29

.49

%

,

4/18/29

..

80

14

992447012.UG.FTS.B

,

29

.49

%

,

4/18/29

..

4

4

992458939.UG.FTS.B

,

29

.49

%

,

4/18/29

..

19

19

992470838.UG.FTS.B

,

29

.49

%

,

4/18/29

..

7

7

992471190.UG.FTS.B

,

29

.49

%

,

4/18/29

..

124

19

992474001.UG.FTS.B

,

29

.49

%

,

4/18/29

..

12

12

992482557.UG.FTS.B

,

29

.49

%

,

4/18/29

..

15

15

992484285.UG.FTS.B

,

29

.49

%

,

4/18/29

..

38

38

992496648.UG.FTS.B

,

29

.49

%

,

4/18/29

..

8

8

992557990.UG.FTS.B

,

29

.49

%

,

4/18/29

..

8

8

992560754.UG.FTS.B

,

29

.49

%

,

4/18/29

..

12

12

992358579.UG.FTS.B

,

25

.45

%

,

4/19/29

..

8

8

992360281.UG.FTS.B

,

28

.48

%

,

4/19/29

..

6

6

992375055.UG.FTS.B

,

28

.48

%

,

4/19/29

..

5

5

992608528.UG.FTS.B

,

28

.48

%

,

4/19/29

..

22

22

992406163.UG.FTS.B

,

28

.98

%

,

4/19/29

..

12

2

992353731.UG.FTS.B

,

29

.47

%

,

4/19/29

..

20

20

992356491.UG.FTS.B

,

29

.48

%

,

4/19/29

..

1

2

992419155.UG.FTS.B

,

29

.48

%

,

4/19/29

..

24

24

992349100.UG.FTS.B

,

29

.49

%

,

4/19/29

..

4

4

992352252.UG.FTS.B

,

29

.49

%

,

4/19/29

..

6

6

992352348.UG.FTS.B

,

29

.49

%

,

4/19/29

..

15

15

992353505.UG.FTS.B

,

29

.49

%

,

4/19/29

..

4

4

992361207.UG.FTS.B

,

29

.49

%

,

4/19/29

..

5

5

992363277.UG.FTS.B

,

29

.49

%

,

4/19/29

..

4

5

992365004.UG.FTS.B

,

29

.49

%

,

4/19/29

..

26

26

992365672.UG.FTS.B

,

29

.49

%

,

4/19/29

..

14

14

992376302.UG.FTS.B

,

29

.49

%

,

4/19/29

..

5

5

992387416.UG.FTS.B

,

29

.49

%

,

4/19/29

..

12

12

992402548.UG.FTS.B

,

29

.49

%

,

4/19/29

..

21

22

992443789.UG.FTS.B

,

29

.49

%

,

4/19/29

..

62

11

992456336.UG.FTS.B

,

29

.49

%

,

4/19/29

..

42

43

992464499.UG.FTS.B

,

29

.49

%

,

4/19/29

..

7

7

992364692.UG.FTS.B

,

19

.99

%

,

4/20/29

..

12

13

992491442.UG.FTS.B

,

27

.99

%

,

4/20/29

..

6

6

992382499.UG.FTS.B

,

28

.48

%

,

4/20/29

..

4

4

992385748.UG.FTS.B

,

28

.48

%

,

4/20/29

..

5

5

992412058.UG.FTS.B

,

28

.48

%

,

4/20/29

..

7

7

992424568.UG.FTS.B

,

28

.48

%

,

4/20/29

..

48

3

992427668.UG.FTS.B

,

28

.48

%

,

4/20/29

..

43

3

992448201.UG.FTS.B

,

28

.48

%

,

4/20/29

..

15

15

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

96

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upgrade,

Inc.

-

Card

(continued)

992455859.UG.FTS.B

,

28

.48

%

,

4/20/29

..

$

5

$

6

992486047.UG.FTS.B

,

28

.48

%

,

4/20/29

..

13

13

992505966.UG.FTS.B

,

28

.48

%

,

4/20/29

..

24

24

992522882.UG.FTS.B

,

28

.48

%

,

4/20/29

..

30

30

992589496.UG.FTS.B

,

28

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%

,

4/20/29

..

15

15

992602335.UG.FTS.B

,

28

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%

,

4/20/29

..

8

8

992096907.UG.FTS.B

,

28

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%

,

4/20/29

..

4

3

992573635.UG.FTS.B

,

28

.98

%

,

4/20/29

..

9

9

992399048.UG.FTS.B

,

29

.46

%

,

4/20/29

..

32

32

992425682.UG.FTS.B

,

29

.46

%

,

4/20/29

..

14

14

992388520.UG.FTS.B

,

29

.47

%

,

4/20/29

..

31

6

992363029.UG.FTS.B

,

29

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%

,

4/20/29

..

4

4

992364441.UG.FTS.B

,

29

.48

%

,

4/20/29

..

4

4

992368806.UG.FTS.B

,

29

.48

%

,

4/20/29

..

56

57

992406664.UG.FTS.B

,

29

.48

%

,

4/20/29

..

21

21

992442535.UG.FTS.B

,

29

.48

%

,

4/20/29

..

36

36

992583462.UG.FTS.B

,

29

.48

%

,

4/20/29

..

6

6

992090965.UG.FTS.B

,

29

.49

%

,

4/20/29

..

3

3

992365800.UG.FTS.B

,

29

.49

%

,

4/20/29

..

21

21

992367708.UG.FTS.B

,

29

.49

%

,

4/20/29

..

36

36

992372978.UG.FTS.B

,

29

.49

%

,

4/20/29

..

15

15

992375978.UG.FTS.B

,

29

.49

%

,

4/20/29

..

7

7

992378163.UG.FTS.B

,

29

.49

%

,

4/20/29

..

382

27

992384283.UG.FTS.B

,

29

.49

%

,

4/20/29

..

11

11

992392486.UG.FTS.B

,

29

.49

%

,

4/20/29

..

5

5

992393895.UG.FTS.B

,

29

.49

%

,

4/20/29

..

7

7

992394919.UG.FTS.B

,

29

.49

%

,

4/20/29

..

20

20

992395126.UG.FTS.B

,

29

.49

%

,

4/20/29

..

4

4

992407616.UG.FTS.B

,

29

.49

%

,

4/20/29

..

8

8

992408959.UG.FTS.B

,

29

.49

%

,

4/20/29

..

10

10

992409797.UG.FTS.B

,

29

.49

%

,

4/20/29

..

2

2

992411219.UG.FTS.B

,

29

.49

%

,

4/20/29

..

15

15

992419162.UG.FTS.B

,

29

.49

%

,

4/20/29

..

25

25

992419762.UG.FTS.B

,

29

.49

%

,

4/20/29

..

4

4

992424876.UG.FTS.B

,

29

.49

%

,

4/20/29

..

17

17

992429421.UG.FTS.B

,

29

.49

%

,

4/20/29

..

3

3

992443674.UG.FTS.B

,

29

.49

%

,

4/20/29

..

43

3

992452791.UG.FTS.B

,

29

.49

%

,

4/20/29

..

58

58

992466186.UG.FTS.B

,

29

.49

%

,

4/20/29

..

6

6

992472499.UG.FTS.B

,

29

.49

%

,

4/20/29

..

10

10

992476533.UG.FTS.B

,

29

.49

%

,

4/20/29

..

30

30

992482688.UG.FTS.B

,

29

.49

%

,

4/20/29

..

8

8

992482970.UG.FTS.B

,

29

.49

%

,

4/20/29

..

7

7

992485368.UG.FTS.B

,

29

.49

%

,

4/20/29

..

61

12

992493485.UG.FTS.B

,

29

.49

%

,

4/20/29

..

33

–

992497391.UG.FTS.B

,

29

.49

%

,

4/20/29

..

3

3

992499024.UG.FTS.B

,

29

.49

%

,

4/20/29

..

8

8

992511791.UG.FTS.B

,

29

.49

%

,

4/20/29

..

7

7

992528399.UG.FTS.B

,

29

.49

%

,

4/20/29

..

1

1

992531260.UG.FTS.B

,

29

.49

%

,

4/20/29

..

20

20

992536091.UG.FTS.B

,

29

.49

%

,

4/20/29

..

260

36

992536205.UG.FTS.B

,

29

.49

%

,

4/20/29

..

7

7

992536234.UG.FTS.B

,

29

.49

%

,

4/20/29

..

43

43

992569703.UG.FTS.B

,

29

.49

%

,

4/20/29

..

28

28

992572323.UG.FTS.B

,

29

.49

%

,

4/20/29

..

35

35

992576869.UG.FTS.B

,

29

.49

%

,

4/20/29

..

16

16

992585426.UG.FTS.B

,

29

.49

%

,

4/20/29

..

17

17

992606898.UG.FTS.B

,

29

.49

%

,

4/20/29

..

5

5

Description

Principal

Amount

Value

Upgrade,

Inc.

-

Card

(continued)

992625838.UG.FTS.B

,

29

.49

%

,

4/20/29

..

$

2

$

2

992072585.UG.FTS.B

,

27

.95

%

,

4/08/32

..

30

2

992078124.UG.FTS.B

,

29

.49

%

,

4/08/32

..

7

7

992339560.UG.FTS.B

,

15

%

,

6/29/32

.....

8

8

429,174

Upstart

Network,

Inc.

L1720742.UP.FTS.B

,

7

.25

%

,

9/16/24

....

655

651

L1721566.UP.FTS.B

,

14

.24

%

,

9/16/24

....

1,578

1,592

L1714038.UP.FTS.B

,

16

.16

%

,

9/16/24

....

322

325

FW1721072.UP.FTS.B

,

27

.91

%

,

9/16/24

..

1,140

1,152

FW1720347.UP.FTS.B

,

28

.7

%

,

9/16/24

...

348

340

FW1722168.UP.FTS.B

,

28

.72

%

,

9/16/24

..

1,154

1,165

L1894457.UP.FTS.B

,

10

.23

%

,

10/21/24

...

833

831

L1895825.UP.FTS.B

,

11

.61

%

,

10/21/24

...

1,557

1,561

L1894309.UP.FTS.B

,

13

.29

%

,

10/21/24

...

793

795

L1895049.UP.FTS.B

,

13

.93

%

,

10/21/24

...

2,018

148

L1891692.UP.FTS.B

,

14

.71

%

,

10/21/24

...

527

509

L1890791.UP.FTS.B

,

16

.66

%

,

10/21/24

...

1,177

1,186

L1893536.UP.FTS.B

,

16

.96

%

,

10/21/24

...

1,805

85

L1893727.UP.FTS.B

,

17

.94

%

,

10/21/24

...

405

410

FW1892688.UP.FTS.B

,

18

.33

%

,

10/21/24

.

3,731

3,770

FW1892653.UP.FTS.B

,

19

.01

%

,

10/21/24

.

773

779

L1892162.UP.FTS.B

,

19

.36

%

,

10/21/24

...

1,455

1,463

L1892628.UP.FTS.B

,

19

.64

%

,

10/21/24

...

1,109

1,118

FW1891505.UP.FTS.B

,

21

.84

%

,

10/21/24

.

810

818

FW1892240.UP.FTS.B

,

22

.75

%

,

10/21/24

.

992

1,003

FW1891670.UP.FTS.B

,

25

.4

%

,

10/21/24

..

862

871

FW1893899.UP.FTS.B

,

29

.21

%

,

10/21/24

.

2,515

2,537

FW1893137.UP.FTS.B

,

29

.93

%

,

10/21/24

.

1,345

1,361

L1878535.UP.FTS.B

,

15

.12

%

,

10/27/24

...

1,156

1,169

L2018233.UP.FTS.B

,

7

.02

%

,

11/10/24

....

1,795

1,783

L2015136.UP.FTS.B

,

8

.39

%

,

11/10/24

....

9,061

9,045

L2016577.UP.FTS.B

,

10

.96

%

,

11/10/24

...

502

501

L2016209.UP.FTS.B

,

12

.12

%

,

11/10/24

...

1,033

146

L2015678.UP.FTS.B

,

12

.54

%

,

11/10/24

...

2,570

2,567

L1985791.UP.FTS.B

,

12

.67

%

,

11/10/24

...

520

519

FW2016328.UP.FTS.B

,

12

.86

%

,

11/10/24

.

769

769

L2018339.UP.FTS.B

,

13

.97

%

,

11/10/24

...

1,426

1,426

L2017406.UP.FTS.B

,

14

.45

%

,

11/10/24

...

1,693

1,694

FW2001495.UP.FTS.B

,

15

.25

%

,

11/10/24

.

329

328

L2017093.UP.FTS.B

,

16

.12

%

,

11/10/24

...

318

321

L2018393.UP.FTS.B

,

21

.57

%

,

11/10/24

...

1,680

1,693

FW2016840.UP.FTS.B

,

22

.02

%

,

11/10/24

.

506

510

L2016819.UP.FTS.B

,

23

.01

%

,

11/10/24

...

568

573

L2016119.UP.FTS.B

,

23

.12

%

,

11/10/24

...

910

917

L2016919.UP.FTS.B

,

23

.32

%

,

11/10/24

...

396

399

FW2018024.UP.FTS.B

,

26

.15

%

,

11/10/24

.

740

742

FW2015791.UP.FTS.B

,

26

.34

%

,

11/10/24

.

293

296

FW2016457.UP.FTS.B

,

29

.16

%

,

11/10/24

.

843

850

L2111723.UP.FTS.B

,

6

.93

%

,

11/24/24

....

1,081

1,074

L2111318.UP.FTS.B

,

8

.45

%

,

11/24/24

....

2,146

2,145

L2111794.UP.FTS.B

,

11

.5

%

,

11/24/24

....

2,436

2,441

L2111648.UP.FTS.B

,

14

.96

%

,

11/24/24

...

577

583

L2110559.UP.FTS.B

,

17

.14

%

,

11/24/24

...

1,141

1,153

FW2112100.UP.FTS.B

,

17

.32

%

,

11/24/24

.

2,146

2,172

L2111135.UP.FTS.B

,

21

.95

%

,

11/24/24

...

1,749

144

L2110276.UP.FTS.B

,

22

.36

%

,

11/24/24

...

26

26

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

97

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2109663.UP.FTS.B

,

25

.71

%

,

11/24/24

.

$

339

$

338

FW2111730.UP.FTS.B

,

27

.96

%

,

11/24/24

.

1,007

1,018

FW2110571.UP.FTS.B

,

29

.18

%

,

11/24/24

.

477

476

L2261401.UP.FTS.B

,

6

.66

%

,

12/16/24

....

2,673

2,655

L2261540.UP.FTS.B

,

8

.28

%

,

12/16/24

....

1,778

1,776

L2216224.UP.FTS.B

,

8

.42

%

,

12/16/24

....

1,452

1,450

L2229763.UP.FTS.B

,

9

.3

%

,

12/16/24

....

277

276

L2265915.UP.FTS.B

,

9

.6

%

,

12/16/24

....

1,270

92

L2259209.UP.FTS.B

,

12

.08

%

,

12/16/24

...

1,423

1,425

L2262614.UP.FTS.B

,

13

.43

%

,

12/16/24

...

2,887

2,890

L2259776.UP.FTS.B

,

16

.46

%

,

12/16/24

...

2,085

2,099

L2261925.UP.FTS.B

,

16

.82

%

,

12/16/24

...

644

650

L2266042.UP.FTS.B

,

17

.15

%

,

12/16/24

...

2,693

2,714

FW2264850.UP.FTS.B

,

18

.52

%

,

12/16/24

.

1,366

98

L2262131.UP.FTS.B

,

19

.12

%

,

12/16/24

...

1,833

1,851

L2261606.UP.FTS.B

,

19

.86

%

,

12/16/24

...

1,846

1,864

L2265833.UP.FTS.B

,

20

.21

%

,

12/16/24

...

464

33

L2250028.UP.FTS.B

,

23

.42

%

,

12/16/24

...

1,464

1,478

FW2264809.UP.FTS.B

,

24

.15

%

,

12/16/24

.

446

8

FW2262386.UP.FTS.B

,

27

.26

%

,

12/16/24

.

330

333

FW2266872.UP.FTS.B

,

27

.8

%

,

12/16/24

..

1,657

1,673

FW2266624.UP.FTS.B

,

28

.53

%

,

12/16/24

.

432

436

L2270141.UP.FTS.B

,

5

.94

%

,

12/17/24

....

1,334

1,326

L2268969.UP.FTS.B

,

7

.2

%

,

12/17/24

....

1,005

958

L2267343.UP.FTS.B

,

7

.39

%

,

12/17/24

....

407

406

L2271135.UP.FTS.B

,

7

.67

%

,

12/17/24

....

544

543

L2269231.UP.FTS.B

,

7

.89

%

,

12/17/24

....

4,730

4,718

L2267347.UP.FTS.B

,

8

.86

%

,

12/17/24

....

553

551

L2269156.UP.FTS.B

,

9

.26

%

,

12/17/24

....

553

552

L2269100.UP.FTS.B

,

10

.48

%

,

12/17/24

...

1,680

1,682

FW2269087.UP.FTS.B

,

11

.05

%

,

12/17/24

.

5,081

5,079

FW2268004.UP.FTS.B

,

12

.87

%

,

12/17/24

.

462

462

L2269551.UP.FTS.B

,

13

.05

%

,

12/17/24

...

719

720

L2270701.UP.FTS.B

,

13

.05

%

,

12/17/24

...

719

720

L2268204.UP.FTS.B

,

14

.83

%

,

12/17/24

...

292

292

FW2268289.UP.FTS.B

,

15

.32

%

,

12/17/24

.

574

579

FW2269010.UP.FTS.B

,

16

.43

%

,

12/17/24

.

2,386

2,403

FW2269098.UP.FTS.B

,

17

.2

%

,

12/17/24

..

331

320

L2270546.UP.FTS.B

,

18

.98

%

,

12/17/24

...

1,525

1,541

FW2270407.UP.FTS.B

,

19

.41

%

,

12/17/24

.

1,408

1,420

FW2271067.UP.FTS.B

,

26

.83

%

,

12/17/24

.

1,314

1,327

FW2269631.UP.FTS.B

,

28

.28

%

,

12/17/24

.

2,212

2,233

FW2271142.UP.FTS.B

,

29

.18

%

,

12/17/24

.

336

339

L2262060.UP.FTS.B

,

13

.31

%

,

12/22/24

...

1,012

1,013

L2268276.UP.FTS.B

,

21

.79

%

,

12/23/24

...

1,560

1,574

L2473725.UP.FTS.B

,

7

.25

%

,

1/20/25

....

780

774

L2472694.UP.FTS.B

,

7

.39

%

,

1/20/25

....

3,578

3,566

L2474338.UP.FTS.B

,

7

.49

%

,

1/20/25

....

2,859

209

FW2474019.UP.FTS.B

,

7

.98

%

,

1/20/25

...

830

825

L2475664.UP.FTS.B

,

9

.31

%

,

1/20/25

....

1,530

1,528

L2473468.UP.FTS.B

,

13

.72

%

,

1/20/25

....

11,383

3,329

L2470533.UP.FTS.B

,

13

.91

%

,

1/20/25

....

612

612

L2474001.UP.FTS.B

,

17

.2

%

,

1/20/25

....

16,505

1,194

FW2471736.UP.FTS.B

,

17

.65

%

,

1/20/25

..

1,140

1,151

FW2474339.UP.FTS.B

,

22

.4

%

,

1/20/25

...

197

197

L2475291.UP.FTS.B

,

22

.47

%

,

1/20/25

....

684

690

FW2471424.UP.FTS.B

,

26

.66

%

,

1/20/25

..

1,179

1,138

FW2473893.UP.FTS.B

,

26

.7

%

,

1/20/25

...

396

400

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2477325.UP.FTS.B

,

5

.03

%

,

1/21/25

....

$

13,146

$

13,060

FW2481417.UP.FTS.B

,

5

.45

%

,

1/21/25

...

7,061

6,717

L2480101.UP.FTS.B

,

5

.52

%

,

1/21/25

....

1,030

1,024

L2477182.UP.FTS.B

,

5

.56

%

,

1/21/25

....

442

439

L2479581.UP.FTS.B

,

5

.69

%

,

1/21/25

....

357

354

L2480415.UP.FTS.B

,

6

.21

%

,

1/21/25

....

1,049

1,042

FW2476655.UP.FTS.B

,

6

.3

%

,

1/21/25

....

3,561

3,538

L2480190.UP.FTS.B

,

6

.98

%

,

1/21/25

....

1,793

1,781

L2480122.UP.FTS.B

,

7

.02

%

,

1/21/25

....

469

466

L2478511.UP.FTS.B

,

7

.09

%

,

1/21/25

.....

1,256

1,247

FW2478250.UP.FTS.B

,

7

.15

%

,

1/21/25

...

2,993

2,974

FW2480938.UP.FTS.B

,

7

.33

%

,

1/21/25

...

1,852

285

L2479650.UP.FTS.B

,

7

.87

%

,

1/21/25

....

1,210

1,207

L2481282.UP.FTS.B

,

9

.2

%

,

1/21/25

.....

234

233

FW2478471.UP.FTS.B

,

9

.25

%

,

1/21/25

...

1,223

1,222

L2480424.UP.FTS.B

,

9

.27

%

,

1/21/25

....

4,587

4,583

L2475861.UP.FTS.B

,

9

.49

%

,

1/21/25

....

3,056

3,054

L2476979.UP.FTS.B

,

9

.95

%

,

1/21/25

....

2,022

1,934

L2480429.UP.FTS.B

,

10

.33

%

,

1/21/25

....

1,090

1,042

L2477601.UP.FTS.B

,

10

.36

%

,

1/21/25

....

339

324

L2480719.UP.FTS.B

,

10

.39

%

,

1/21/25

....

3,093

3,090

FW2481731.UP.FTS.B

,

11

.13

%

,

1/21/25

..

1,638

120

FW2479385.UP.FTS.B

,

11

.38

%

,

1/21/25

..

3,124

3,129

L2474988.UP.FTS.B

,

11

.93

%

,

1/21/25

....

4,925

4,727

L2478459.UP.FTS.B

,

12

.7

%

,

1/21/25

....

1,194

1,194

L2479789.UP.FTS.B

,

13

.9

%

,

1/21/25

....

3,136

3,142

L2478515.UP.FTS.B

,

17

.23

%

,

1/21/25

....

5,242

5,298

FW2475769.UP.FTS.B

,

19

.11

%

,

1/21/25

..

1,850

1,870

FW2477321.UP.FTS.B

,

21

.33

%

,

1/21/25

..

683

690

FW2480050.UP.FTS.B

,

22

.48

%

,

1/21/25

..

462

464

L2475641.UP.FTS.B

,

23

.24

%

,

1/21/25

....

332

335

FW2476942.UP.FTS.B

,

24

.18

%

,

1/21/25

..

1,561

1,507

FW2481245.UP.FTS.B

,

25

.29

%

,

1/21/25

..

1,067

1,078

FW2475936.UP.FTS.B

,

29

.09

%

,

1/21/25

..

2,078

2,098

L2653951.UP.FTS.B

,

6

.48

%

,

2/18/25

....

2,005

1,991

L2655641.UP.FTS.B

,

8

.17

%

,

2/18/25

....

3,323

3,314

L2653470.UP.FTS.B

,

9

.9

%

,

2/18/25

.....

505

505

L2653301.UP.FTS.B

,

10

.24

%

,

2/18/25

....

1,277

93

FW2653772.UP.FTS.B

,

12

.73

%

,

2/18/25

..

1,518

1,517

L2655802.UP.FTS.B

,

13

.7

%

,

2/18/25

....

14,821

14,834

FW2657387.UP.FTS.B

,

15

.36

%

,

2/18/25

..

2,127

2,148

L2617545.UP.FTS.B

,

16

.16

%

,

2/18/25

....

4,392

4,428

FW2655306.UP.FTS.B

,

16

.76

%

,

2/18/25

..

359

363

L2653186.UP.FTS.B

,

16

.89

%

,

2/18/25

....

2,096

2,107

FW2657575.UP.FTS.B

,

20

.06

%

,

2/18/25

..

775

224

FW2653011.UP.FTS.B

,

20

.27

%

,

2/18/25

..

522

520

L2655839.UP.FTS.B

,

20

.67

%

,

2/18/25

....

1,891

1,905

FW2657763.UP.FTS.B

,

25

.51

%

,

2/18/25

..

777

783

FW2655547.UP.FTS.B

,

26

.23

%

,

2/18/25

..

8,262

61

FW2651300.UP.FTS.B

,

26

.41

%

,

2/18/25

..

3,690

3,714

FW2653018.UP.FTS.B

,

28

.19

%

,

2/18/25

..

2,589

2,495

FW2655008.UP.FTS.B

,

28

.32

%

,

2/18/25

..

1,587

1,601

L1720797.UP.FTS.B

,

13

.29

%

,

2/22/25

....

1,072

1,069

L2789474.UP.FTS.B

,

5

.35

%

,

3/14/25

....

17,572

17,431

L2783988.UP.FTS.B

,

5

.98

%

,

3/14/25

....

1,617

1,604

FW2782638.UP.FTS.B

,

6

.35

%

,

3/14/25

...

1,065

1,056

L2789162.UP.FTS.B

,

6

.79

%

,

3/14/25

....

1,952

1,937

L2781429.UP.FTS.B

,

7

.28

%

,

3/14/25

....

1,441

1,430

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

98

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2790004.UP.FTS.B

,

7

.29

%

,

3/14/25

....

$

394

$

391

FW2780242.UP.FTS.B

,

7

.32

%

,

3/14/25

...

2,149

2,132

L2780817.UP.FTS.B

,

8

.23

%

,

3/14/25

....

5,455

5,436

L2779758.UP.FTS.B

,

8

.44

%

,

3/14/25

....

3,874

3,860

L2708925.UP.FTS.B

,

8

.54

%

,

3/14/25

....

5,797

5,777

L2782839.UP.FTS.B

,

8

.65

%

,

3/14/25

....

6,928

6,905

L2790033.UP.FTS.B

,

8

.96

%

,

3/14/25

....

2,693

2,684

L2788652.UP.FTS.B

,

9

.29

%

,

3/14/25

....

12,700

12,673

FW2780431.UP.FTS.B

,

9

.37

%

,

3/14/25

...

730

728

L2786390.UP.FTS.B

,

9

.45

%

,

3/14/25

....

3,309

3,299

L2787312.UP.FTS.B

,

9

.5

%

,

3/14/25

.....

1,921

1,917

FW2789186.UP.FTS.B

,

9

.55

%

,

3/14/25

...

1,829

1,823

L2785539.UP.FTS.B

,

9

.79

%

,

3/14/25

....

288

286

L2782831.UP.FTS.B

,

9

.91

%

,

3/14/25

....

14,656

14,626

L2787472.UP.FTS.B

,

9

.97

%

,

3/14/25

....

3,379

3,367

L2787034.UP.FTS.B

,

10

%

,

3/14/25

......

5,958

5,938

L2784267.UP.FTS.B

,

10

.12

%

,

3/14/25

....

772

770

L2784498.UP.FTS.B

,

10

.44

%

,

3/14/25

....

18,446

18,384

FW2790618.UP.FTS.B

,

11

.07

%

,

3/14/25

..

1,113

1,111

L2784868.UP.FTS.B

,

11

.13

%

,

3/14/25

....

1,737

1,731

L2783479.UP.FTS.B

,

11

.22

%

,

3/14/25

....

3,911

3,903

FW2785947.UP.FTS.B

,

11

.48

%

,

3/14/25

..

1,601

1,596

L2785788.UP.FTS.B

,

11

.62

%

,

3/14/25

....

16,409

16,374

FW2782834.UP.FTS.B

,

11

.66

%

,

3/14/25

..

4,047

4,045

L2788361.UP.FTS.B

,

11

.71

%

,

3/14/25

....

3,975

290

FW2789650.UP.FTS.B

,

11

.79

%

,

3/14/25

..

374

372

L2782511.UP.FTS.B

,

12

.01

%

,

3/14/25

....

1,235

1,232

L2783638.UP.FTS.B

,

12

.12

%

,

3/14/25

....

2,997

2,991

L2781981.UP.FTS.B

,

12

.17

%

,

3/14/25

....

375

374

FW2790770.UP.FTS.B

,

12

.38

%

,

3/14/25

..

3,192

3,181

L2785153.UP.FTS.B

,

12

.45

%

,

3/14/25

....

2,480

2,475

L2785167.UP.FTS.B

,

12

.55

%

,

3/14/25

....

3,761

3,753

L2779841.UP.FTS.B

,

13

.12

%

,

3/14/25

....

4,104

3,916

FW2788740.UP.FTS.B

,

13

.18

%

,

3/14/25

..

2,993

2,982

L2786541.UP.FTS.B

,

13

.29

%

,

3/14/25

....

4,544

4,534

L2781476.UP.FTS.B

,

13

.87

%

,

3/14/25

....

11,530

11,590

L2785233.UP.FTS.B

,

13

.96

%

,

3/14/25

....

1,133

1,133

L2785794.UP.FTS.B

,

14

%

,

3/14/25

......

958

956

L2782270.UP.FTS.B

,

14

.18

%

,

3/14/25

....

573

571

L2783992.UP.FTS.B

,

14

.35

%

,

3/14/25

....

1,912

1,908

L2783494.UP.FTS.B

,

14

.52

%

,

3/14/25

....

5,323

5,312

L2789562.UP.FTS.B

,

14

.72

%

,

3/14/25

....

2,283

2,300

FW2782628.UP.FTS.B

,

14

.81

%

,

3/14/25

..

3,279

3,303

FW2784953.UP.FTS.B

,

14

.86

%

,

3/14/25

..

5,880

5,909

L2781813.UP.FTS.B

,

14

.88

%

,

3/14/25

....

3,122

3,146

L2781432.UP.FTS.B

,

14

.97

%

,

3/14/25

....

3,774

3,772

L2786094.UP.FTS.B

,

14

.97

%

,

3/14/25

....

1,460

1,457

L2781532.UP.FTS.B

,

15

.01

%

,

3/14/25

....

2,308

2,303

FW2788311.UP.FTS.B

,

15

.07

%

,

3/14/25

..

2,771

2,784

L2782136.UP.FTS.B

,

15

.09

%

,

3/14/25

....

761

761

L2778950.UP.FTS.B

,

15

.29

%

,

3/14/25

....

3,548

3,565

FW2783963.UP.FTS.B

,

15

.58

%

,

3/14/25

..

9,174

8,824

L2789802.UP.FTS.B

,

15

.69

%

,

3/14/25

....

968

973

L2783447.UP.FTS.B

,

16

.16

%

,

3/14/25

....

5,840

5,829

L2784731.UP.FTS.B

,

16

.18

%

,

3/14/25

....

8,280

8,263

FW2788810.UP.FTS.B

,

16

.29

%

,

3/14/25

..

973

978

FW2785887.UP.FTS.B

,

16

.41

%

,

3/14/25

..

1,208

1,214

FW2783979.UP.FTS.B

,

16

.68

%

,

3/14/25

..

2,421

2,420

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2784318.UP.FTS.B

,

16

.69

%

,

3/14/25

....

$

2,697

$

746

L2784821.UP.FTS.B

,

16

.79

%

,

3/14/25

....

4,095

4,109

L2783908.UP.FTS.B

,

16

.9

%

,

3/14/25

....

2,152

2,162

FW2782202.UP.FTS.B

,

17

.05

%

,

3/14/25

..

392

394

L2783618.UP.FTS.B

,

17

.2

%

,

3/14/25

....

2,354

2,365

L2786224.UP.FTS.B

,

17

.23

%

,

3/14/25

....

4,265

4,298

L2786989.UP.FTS.B

,

17

.31

%

,

3/14/25

....

4,800

350

FW2779702.UP.FTS.B

,

17

.41

%

,

3/14/25

..

2,593

2,606

L2786076.UP.FTS.B

,

17

.41

%

,

3/14/25

....

3,537

3,554

L2781269.UP.FTS.B

,

17

.46

%

,

3/14/25

....

1,968

1,978

L2788162.UP.FTS.B

,

17

.53

%

,

3/14/25

....

2,696

196

L2786774.UP.FTS.B

,

18

.02

%

,

3/14/25

....

1,270

1,275

FW2789731.UP.FTS.B

,

18

.32

%

,

3/14/25

..

1,981

1,990

L2786748.UP.FTS.B

,

18

.37

%

,

3/14/25

....

4,240

4,261

L2783772.UP.FTS.B

,

19

.16

%

,

3/14/25

....

3,990

4,010

L2780057.UP.FTS.B

,

19

.94

%

,

3/14/25

....

1,895

1,907

L2780437.UP.FTS.B

,

20

.28

%

,

3/14/25

....

279

276

L2785203.UP.FTS.B

,

20

.46

%

,

3/14/25

....

2,254

2,266

L2780756.UP.FTS.B

,

20

.48

%

,

3/14/25

....

389

391

L2781043.UP.FTS.B

,

20

.76

%

,

3/14/25

....

4,649

4,670

FW2783539.UP.FTS.B

,

20

.82

%

,

3/14/25

..

3,217

3,223

L2780491.UP.FTS.B

,

20

.92

%

,

3/14/25

....

7,735

7,616

L2786126.UP.FTS.B

,

20

.92

%

,

3/14/25

....

2,875

2,889

FW2782841.UP.FTS.B

,

20

.97

%

,

3/14/25

..

5,976

6,005

FW2783839.UP.FTS.B

,

21

.06

%

,

3/14/25

..

405

406

L2785016.UP.FTS.B

,

21

.17

%

,

3/14/25

....

828

830

FW2781273.UP.FTS.B

,

21

.18

%

,

3/14/25

..

3,045

3,051

L2782241.UP.FTS.B

,

21

.23

%

,

3/14/25

....

1,269

1,277

FW2784134.UP.FTS.B

,

21

.24

%

,

3/14/25

..

894

895

L2785725.UP.FTS.B

,

21

.29

%

,

3/14/25

....

610

613

L2787109.UP.FTS.B

,

21

.35

%

,

3/14/25

....

2,791

2,805

L2782350.UP.FTS.B

,

21

.46

%

,

3/14/25

....

611

612

L2781274.UP.FTS.B

,

21

.7

%

,

3/14/25

....

897

899

L2787578.UP.FTS.B

,

21

.76

%

,

3/14/25

....

2,452

2,456

L2782964.UP.FTS.B

,

22

.07

%

,

3/14/25

....

818

820

L2782582.UP.FTS.B

,

22

.37

%

,

3/14/25

....

2,428

2,330

L2782645.UP.FTS.B

,

22

.52

%

,

3/14/25

....

6,162

6,173

FW2785697.UP.FTS.B

,

22

.53

%

,

3/14/25

..

1,972

1,975

FW2787008.UP.FTS.B

,

22

.54

%

,

3/14/25

..

1,417

429

FW2787563.UP.FTS.B

,

22

.68

%

,

3/14/25

..

1,234

1,236

FW2785249.UP.FTS.B

,

22

.94

%

,

3/14/25

..

2,858

2,873

FW2780300.UP.FTS.B

,

22

.97

%

,

3/14/25

..

2,700

2,688

FW2780584.UP.FTS.B

,

23

.25

%

,

3/14/25

..

291

288

L2780571.UP.FTS.B

,

23

.44

%

,

3/14/25

....

1,783

1,786

FW2780513.UP.FTS.B

,

24

.57

%

,

3/14/25

..

12,560

12,584

FW2783940.UP.FTS.B

,

24

.74

%

,

3/14/25

..

403

405

FW2790447.UP.FTS.B

,

25

.02

%

,

3/14/25

..

1,774

28

L2783518.UP.FTS.B

,

25

.17

%

,

3/14/25

....

2,856

2,862

FW2788009.UP.FTS.B

,

25

.24

%

,

3/14/25

..

12,983

12,484

FW2789028.UP.FTS.B

,

25

.9

%

,

3/14/25

...

2,081

2,091

FW2785977.UP.FTS.B

,

25

.94

%

,

3/14/25

..

4,608

4,617

FW2789498.UP.FTS.B

,

26

.58

%

,

3/14/25

..

826

812

FW2786035.UP.FTS.B

,

26

.63

%

,

3/14/25

..

2,524

2,422

FW2785381.UP.FTS.B

,

26

.83

%

,

3/14/25

..

701

704

L2780006.UP.FTS.B

,

27

.11

%

,

3/14/25

....

3,201

3,207

L2781349.UP.FTS.B

,

28

.09

%

,

3/14/25

....

2,873

2,760

FW2787819.UP.FTS.B

,

28

.48

%

,

3/14/25

..

475

476

FW2788507.UP.FTS.B

,

29

.01

%

,

3/14/25

..

2,452

2,462

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

99

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2784820.UP.FTS.B

,

29

.05

%

,

3/14/25

..

$

1,273

$

1,279

FW2783771.UP.FTS.B

,

32

.99

%

,

3/14/25

..

984

986

FW1895268.UP.FTS.B

,

18

.48

%

,

3/21/25

..

1,880

1,895

FW1892377.UP.FTS.B

,

22

.87

%

,

3/21/25

..

682

50

FW1893365.UP.FTS.B

,

26

.97

%

,

3/21/25

..

3,709

3,736

L2781446.UP.FTS.B

,

21

.97

%

,

3/27/25

....

4,249

2,647

FW2781202.UP.FTS.B

,

9

.95

%

,

3/28/25

...

3,393

3,384

FW2785447.UP.FTS.B

,

24

.58

%

,

3/28/25

..

1,361

1,368

FW2787085.UP.FTS.B

,

24

.9

%

,

3/28/25

...

1,365

1,366

L2017667.UP.FTS.B

,

9

.13

%

,

4/10/25

....

921

79

L2018006.UP.FTS.B

,

14

.87

%

,

4/10/25

....

812

236

L2016139.UP.FTS.B

,

16

.33

%

,

4/10/25

....

9,271

5,654

L2932200.UP.FTS.B

,

5

.67

%

,

4/11/25

.....

419

415

L2932027.UP.FTS.B

,

6

.02

%

,

4/11/25

.....

2,484

2,463

L2929905.UP.FTS.B

,

6

.33

%

,

4/11/25

.....

956

948

L2932158.UP.FTS.B

,

7

.54

%

,

4/11/25

.....

1,538

1,525

L2928687.UP.FTS.B

,

8

.44

%

,

4/11/25

.....

5,722

5,702

L2881416.UP.FTS.B

,

8

.75

%

,

4/11/25

.....

2,740

2,733

L2932299.UP.FTS.B

,

9

.07

%

,

4/11/25

.....

471

469

L2929932.UP.FTS.B

,

9

.99

%

,

4/11/25

.....

4,301

4,286

L2931770.UP.FTS.B

,

10

.22

%

,

4/11/25

....

1,429

1,423

FW2928017.UP.FTS.B

,

10

.52

%

,

4/11/25

..

2,109

2,101

L2931320.UP.FTS.B

,

11

.14

%

,

4/11/25

....

1,201

1,196

L2929414.UP.FTS.B

,

11

.34

%

,

4/11/25

....

643

640

L2930901.UP.FTS.B

,

12

.11

%

,

4/11/25

....

886

884

L2929881.UP.FTS.B

,

12

.38

%

,

4/11/25

....

3,083

3,073

L2932133.UP.FTS.B

,

13

.25

%

,

4/11/25

....

897

893

L2930188.UP.FTS.B

,

13

.77

%

,

4/11/25

....

1,393

1,388

FW2928039.UP.FTS.B

,

14

.66

%

,

4/11/25

..

1,455

106

L2931839.UP.FTS.B

,

14

.95

%

,

4/11/25

....

2,474

2,490

FW2931434.UP.FTS.B

,

17

.18

%

,

4/11/25

..

591

592

L2930012.UP.FTS.B

,

17

.63

%

,

4/11/25

....

3,936

3,950

L2931233.UP.FTS.B

,

18

.54

%

,

4/11/25

....

9,131

9,187

L2930233.UP.FTS.B

,

18

.91

%

,

4/11/25

....

4,288

4,304

FW2932065.UP.FTS.B

,

19

.22

%

,

4/11/25

..

992

283

L2927973.UP.FTS.B

,

20

.64

%

,

4/11/25

....

1,729

124

L2930402.UP.FTS.B

,

20

.69

%

,

4/11/25

....

4,100

62

L2930083.UP.FTS.B

,

20

.84

%

,

4/11/25

....

471

472

L2929619.UP.FTS.B

,

21

.46

%

,

4/11/25

....

1,313

1,312

L2931062.UP.FTS.B

,

21

.64

%

,

4/11/25

....

2,860

1,751

FW2930608.UP.FTS.B

,

21

.67

%

,

4/11/25

..

12,463

12,513

L2929114.UP.FTS.B

,

22

.42

%

,

4/11/25

....

2,357

2,370

FW2927971.UP.FTS.B

,

22

.83

%

,

4/11/25

..

1,719

125

L2930633.UP.FTS.B

,

23

.01

%

,

4/11/25

....

709

707

FW2927993.UP.FTS.B

,

24

.47

%

,

4/11/25

..

895

899

FW2929588.UP.FTS.B

,

24

.98

%

,

4/11/25

..

2,425

2,424

FW2929190.UP.FTS.B

,

25

.18

%

,

4/11/25

..

689

683

FW2929319.UP.FTS.B

,

26

.2

%

,

4/11/25

...

1,869

1,870

L2928046.UP.FTS.B

,

27

.24

%

,

4/11/25

....

5,206

3,246

FW2929773.UP.FTS.B

,

27

.44

%

,

4/11/25

..

4,579

4,577

FW2927991.UP.FTS.B

,

28

.1

%

,

4/11/25

...

3,910

3,903

FW2924920.UP.FTS.B

,

28

.52

%

,

4/11/25

..

378

377

FW2930422.UP.FTS.B

,

29

.23

%

,

4/11/25

..

3,869

3,868

L2936152.UP.FTS.B

,

6

.5

%

,

4/12/25

.....

2,072

2,055

FW2936118.UP.FTS.B

,

7

.86

%

,

4/12/25

...

739

733

L2934109.UP.FTS.B

,

8

%

,

4/12/25

.......

1,946

1,938

L2932714.UP.FTS.B

,

8

.81

%

,

4/12/25

....

2,548

2,538

L2933699.UP.FTS.B

,

9

.94

%

,

4/12/25

....

4,236

4,220

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2933980.UP.FTS.B

,

10

%

,

4/12/25

......

$

1,980

$

1,973

L2934235.UP.FTS.B

,

10

.92

%

,

4/12/25

....

4,273

4,257

L2932547.UP.FTS.B

,

10

.94

%

,

4/12/25

....

775

768

L2932991.UP.FTS.B

,

11

.24

%

,

4/12/25

....

406

404

L2933998.UP.FTS.B

,

12

.66

%

,

4/12/25

....

2,104

2,100

L2934103.UP.FTS.B

,

13

.2

%

,

4/12/25

....

3,558

3,553

L2933972.UP.FTS.B

,

13

.4

%

,

4/12/25

....

3,877

537

L2933861.UP.FTS.B

,

13

.75

%

,

4/12/25

....

1,311

1,307

L2933133.UP.FTS.B

,

13

.94

%

,

4/12/25

....

12,793

12,757

FW2933363.UP.FTS.B

,

14

.89

%

,

4/12/25

..

1,211

1,208

FW2932473.UP.FTS.B

,

15

.91

%

,

4/12/25

..

6,798

6,778

L2934820.UP.FTS.B

,

17

.41

%

,

4/12/25

....

5,010

5,043

L2935513.UP.FTS.B

,

17

.97

%

,

4/12/25

....

2,970

2,981

L2931304.UP.FTS.B

,

18

.2

%

,

4/12/25

....

1,871

1,865

L2933460.UP.FTS.B

,

18

.4

%

,

4/12/25

....

1,064

1,068

L2928766.UP.FTS.B

,

18

.41

%

,

4/12/25

....

2,534

2,550

L2934158.UP.FTS.B

,

18

.51

%

,

4/12/25

....

1,269

1,274

L2933159.UP.FTS.B

,

18

.53

%

,

4/12/25

....

7,820

7,855

FW2933691.UP.FTS.B

,

18

.64

%

,

4/12/25

..

6,598

479

L2935652.UP.FTS.B

,

19

.04

%

,

4/12/25

....

4,281

4,297

FW2934964.UP.FTS.B

,

19

.17

%

,

4/12/25

..

943

943

L2933024.UP.FTS.B

,

19

.59

%

,

4/12/25

....

1,893

1,901

FW2933966.UP.FTS.B

,

21

.23

%

,

4/12/25

..

4,359

4,359

FW2935725.UP.FTS.B

,

21

.56

%

,

4/12/25

..

767

757

FW2933074.UP.FTS.B

,

22

.74

%

,

4/12/25

..

5,957

5,956

FW2932854.UP.FTS.B

,

25

.66

%

,

4/12/25

..

7,250

7,271

FW2900575.UP.FTS.B

,

25

.78

%

,

4/12/25

..

3,116

3,118

FW2931971.UP.FTS.B

,

25

.79

%

,

4/12/25

..

1,482

1,487

FW2932613.UP.FTS.B

,

27

%

,

4/12/25

....

2,281

2,281

L2929252.UP.FTS.B

,

25

.98

%

,

4/15/25

....

2,904

2,913

FW2931763.UP.FTS.B

,

17

.53

%

,

4/18/25

..

1,885

76

L2018443.UP.FTS.B

,

13

.86

%

,

4/23/25

....

659

658

L2110121.UP.FTS.B

,

7

.71

%

,

4/24/25

.....

6,701

6,686

FW2110774.UP.FTS.B

,

28

.89

%

,

4/24/25

..

6,820

190

L2112331.UP.FTS.B

,

15

.71

%

,

5/08/25

....

1,227

89

L2265667.UP.FTS.B

,

19

.73

%

,

5/16/25

....

9,325

9,385

L2265891.UP.FTS.B

,

23

.63

%

,

5/16/25

....

2,071

309

FW2262628.UP.FTS.B

,

27

.26

%

,

5/16/25

..

1,056

1,063

FW2262409.UP.FTS.B

,

28

.42

%

,

5/16/25

..

2,491

2,382

FW2166539.UP.FTS.B

,

28

.95

%

,

5/16/25

..

8,368

8,405

L2481166.UP.FTS.B

,

5

.6

%

,

6/21/25

......

6,315

574

L2480634.UP.FTS.B

,

10

.14

%

,

6/21/25

....

4,802

4,558

FW2481101.UP.FTS.B

,

11

.5

%

,

6/21/25

...

942

941

L2789819.UP.FTS.B

,

14

.63

%

,

8/14/25

....

8,405

622

L2782850.UP.FTS.B

,

16

.52

%

,

8/14/25

....

4,881

4,882

L2785530.UP.FTS.B

,

18

.7

%

,

8/14/25

....

3,106

3,107

L2785622.UP.FTS.B

,

19

.86

%

,

8/14/25

....

4,499

219

L2781760.UP.FTS.B

,

22

.09

%

,

8/14/25

....

6,816

6,523

FW2781316.UP.FTS.B

,

22

.36

%

,

8/14/25

..

11,225

10,662

FW2787195.UP.FTS.B

,

24

.53

%

,

8/14/25

..

6,720

6,689

FW2780476.UP.FTS.B

,

28

.97

%

,

8/14/25

..

3,971

3,958

FW2779949.UP.FTS.B

,

29

.18

%

,

8/14/25

..

3,144

3,003

L2785522.UP.FTS.B

,

24

.27

%

,

8/28/25

....

4,990

5,000

L2017782.UP.FTS.B

,

13

.67

%

,

9/10/25

....

1,715

1,705

L2928094.UP.FTS.B

,

14

.5

%

,

9/11/25

.....

1,166

1,163

FW2928685.UP.FTS.B

,

30

.47

%

,

9/11/25

..

1,802

1,796

L2262597.UP.FTS.B

,

16

.24

%

,

10/16/25

...

2,164

2,075

FW2263191.UP.FTS.B

,

28

.73

%

,

10/16/25

.

3,177

3,193

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

100

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2269599.UP.FTS.B

,

7

.84

%

,

10/17/25

....

$

1,272

$

1,266

FW2267398.UP.FTS.B

,

15

.02

%

,

10/17/25

.

2,301

2,321

FW2268218.UP.FTS.B

,

21

.52

%

,

10/17/25

.

1,229

1,185

L2474828.UP.FTS.B

,

10

.25

%

,

11/21/25

...

1,699

123

L2477335.UP.FTS.B

,

9

.18

%

,

12/06/25

....

8,505

2,363

L2783169.UP.FTS.B

,

6

.72

%

,

1/14/26

....

16,387

1,200

L2782966.UP.FTS.B

,

11

.1

%

,

1/14/26

.....

636

634

FW2780647.UP.FTS.B

,

19

.08

%

,

1/14/26

..

5,389

5,398

L2789538.UP.FTS.B

,

23

.38

%

,

1/14/26

....

11,979

12,022

L2931052.UP.FTS.B

,

15

.78

%

,

2/11/26

....

2,392

2,363

L1695146.UP.FTS.B

,

9

.05

%

,

9/16/26

....

8,824

8,782

L1721236.UP.FTS.B

,

9

.48

%

,

9/16/26

....

6,703

6,671

FW1721203.UP.FTS.B

,

9

.61

%

,

9/16/26

...

4,458

4,437

FW1720766.UP.FTS.B

,

10

.27

%

,

9/16/26

..

8,451

8,434

L1721509.UP.FTS.B

,

11

.2

%

,

9/16/26

.....

11,366

11,344

FW1720612.UP.FTS.B

,

11

.37

%

,

9/16/26

..

6,841

6,827

L1722234.UP.FTS.B

,

12

.18

%

,

9/16/26

....

5,759

5,742

FW1721436.UP.FTS.B

,

14

.47

%

,

9/16/26

..

13,817

13,789

L1720338.UP.FTS.B

,

15

.39

%

,

9/16/26

....

8,916

8,922

L1721497.UP.FTS.B

,

16

.37

%

,

9/16/26

....

4,799

4,810

FW1720748.UP.FTS.B

,

16

.61

%

,

9/16/26

..

3,007

3,014

L1721580.UP.FTS.B

,

17

.18

%

,

9/16/26

....

956

258

FW1721771.UP.FTS.B

,

20

.18

%

,

9/16/26

..

3,733

3,786

L1722523.UP.FTS.B

,

21

.72

%

,

9/16/26

....

2,208

2,239

FW1722389.UP.FTS.B

,

21

.83

%

,

9/16/26

..

16,415

15,844

L1722117.UP.FTS.B

,

23

.46

%

,

9/16/26

....

6,408

6,498

L1719755.UP.FTS.B

,

25

.09

%

,

9/16/26

....

2,134

2,143

FW1720056.UP.FTS.B

,

25

.74

%

,

9/16/26

..

7,927

561

L1701780.UP.FTS.B

,

26

.48

%

,

9/16/26

....

6,439

6,527

FW1721156.UP.FTS.B

,

26

.95

%

,

9/16/26

..

14,519

14,725

FW1720620.UP.FTS.B

,

27

.29

%

,

9/16/26

..

5,295

5,370

FW1722554.UP.FTS.B

,

28

.88

%

,

9/16/26

..

206

204

FW1700325.UP.FTS.B

,

30

.13

%

,

9/16/26

..

800

811

FW1720986.UP.FTS.B

,

30

.57

%

,

9/16/26

..

606

612

FW1720294.UP.FTS.B

,

30

.66

%

,

9/16/26

..

1,700

1,724

FW1716737.UP.FTS.B

,

16

.3

%

,

9/23/26

...

1,833

133

L1859672.UP.FTS.B

,

7

.74

%

,

10/21/26

....

8,469

8,426

L1892951.UP.FTS.B

,

14

.33

%

,

10/21/26

...

2,524

2,513

L1893967.UP.FTS.B

,

14

.49

%

,

10/21/26

...

1,169

1,167

FW1892411.UP.FTS.B

,

14

.52

%

,

10/21/26

.

15,136

15,098

L1894936.UP.FTS.B

,

16

.25

%

,

10/21/26

...

3,312

3,229

FW1895480.UP.FTS.B

,

16

.41

%

,

10/21/26

.

8,016

8,037

L1890982.UP.FTS.B

,

16

.75

%

,

10/21/26

...

4,329

4,341

FW1894387.UP.FTS.B

,

17

.87

%

,

10/21/26

.

3,714

3,731

FW1894844.UP.FTS.B

,

18

.47

%

,

10/21/26

.

14,475

14,515

L1894129.UP.FTS.B

,

19

.51

%

,

10/21/26

...

2,061

2,066

L1892072.UP.FTS.B

,

19

.65

%

,

10/21/26

...

3,512

3,523

L1889041.UP.FTS.B

,

19

.76

%

,

10/21/26

...

954

958

L1894090.UP.FTS.B

,

22

.26

%

,

10/21/26

...

5,332

5,096

L1891077.UP.FTS.B

,

23

.49

%

,

10/21/26

...

13,756

4,006

L1895099.UP.FTS.B

,

24

.25

%

,

10/21/26

...

3,111

218

L1893140.UP.FTS.B

,

24

.95

%

,

10/21/26

...

1,314

1,332

L1893569.UP.FTS.B

,

25

.34

%

,

10/21/26

...

765

758

L1890870.UP.FTS.B

,

25

.37

%

,

10/21/26

...

3,502

3,549

L1896072.UP.FTS.B

,

25

.44

%

,

10/21/26

...

2,442

714

FW1892106.UP.FTS.B

,

26

.33

%

,

10/21/26

.

3,588

548

FW1893402.UP.FTS.B

,

27

.14

%

,

10/21/26

.

4,062

4,123

L1892234.UP.FTS.B

,

27

.37

%

,

10/21/26

...

8,134

8,257

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW1891795.UP.FTS.B

,

28

.39

%

,

10/21/26

.

$

7,319

$

7,058

FW1892884.UP.FTS.B

,

28

.78

%

,

10/21/26

.

1,627

1,651

FW1893982.UP.FTS.B

,

28

.82

%

,

10/21/26

.

2,861

2,903

FW1891950.UP.FTS.B

,

29

.07

%

,

10/21/26

.

36,083

34,838

FW1890284.UP.FTS.B

,

30

.97

%

,

10/21/26

.

1,386

1,406

FW1894842.UP.FTS.B

,

31

.16

%

,

10/21/26

.

3,005

3,044

L1890702.UP.FTS.B

,

25

.43

%

,

11/05/26

...

4,068

4,125

L2015861.UP.FTS.B

,

9

.46

%

,

11/10/26

....

5,616

5,586

L2016805.UP.FTS.B

,

10

.63

%

,

11/10/26

...

5,384

5,365

L2016181.UP.FTS.B

,

10

.7

%

,

11/10/26

....

3,456

253

L2015997.UP.FTS.B

,

10

.83

%

,

11/10/26

...

4,691

342

L2000658.UP.FTS.B

,

11

.67

%

,

11/10/26

...

11,189

11,140

FW2017263.UP.FTS.B

,

13

.09

%

,

11/10/26

.

15,226

15,173

L2017795.UP.FTS.B

,

13

.15

%

,

11/10/26

...

3,065

3,055

FW2015303.UP.FTS.B

,

13

.44

%

,

11/10/26

.

30,861

30,729

L2016861.UP.FTS.B

,

14

.32

%

,

11/10/26

...

10,229

10,195

L2016549.UP.FTS.B

,

14

.78

%

,

11/10/26

...

3,549

3,534

L2016090.UP.FTS.B

,

15

.07

%

,

11/10/26

...

7,993

7,985

L2016450.UP.FTS.B

,

15

.84

%

,

11/10/26

...

4,841

4,839

FW2017922.UP.FTS.B

,

16

.45

%

,

11/10/26

.

9,455

9,425

FW2016602.UP.FTS.B

,

16

.55

%

,

11/10/26

.

8,152

1,151

FW2018016.UP.FTS.B

,

16

.76

%

,

11/10/26

.

12,616

12,610

L2016124.UP.FTS.B

,

17

.83

%

,

11/10/26

...

5,048

365

L2015741.UP.FTS.B

,

18

.37

%

,

11/10/26

...

3,171

61

L2015870.UP.FTS.B

,

19

.02

%

,

11/10/26

...

1,059

34

L2017365.UP.FTS.B

,

19

.49

%

,

11/10/26

...

19,485

19,502

L2018057.UP.FTS.B

,

20

.23

%

,

11/10/26

...

12,934

13,061

L2012751.UP.FTS.B

,

20

.27

%

,

11/10/26

...

7,569

7,563

L2015880.UP.FTS.B

,

20

.5

%

,

11/10/26

....

30,822

4,515

L2018362.UP.FTS.B

,

20

.61

%

,

11/10/26

...

1,988

1,987

L2018199.UP.FTS.B

,

22

.27

%

,

11/10/26

...

7,252

156

L2016472.UP.FTS.B

,

22

.49

%

,

11/10/26

...

8,010

2,217

L2016591.UP.FTS.B

,

22

.73

%

,

11/10/26

...

3,207

3,205

L2015725.UP.FTS.B

,

22

.82

%

,

11/10/26

...

1,054

1,064

FW2007819.UP.FTS.B

,

23

.25

%

,

11/10/26

.

6,605

6,669

L2018147.UP.FTS.B

,

23

.34

%

,

11/10/26

...

9,577

9,620

L2018074.UP.FTS.B

,

23

.36

%

,

11/10/26

...

4,027

4,070

FW2018046.UP.FTS.B

,

23

.73

%

,

11/10/26

.

2,285

2,303

L2018486.UP.FTS.B

,

23

.79

%

,

11/10/26

...

13,450

13,447

L2010804.UP.FTS.B

,

24

.21

%

,

11/10/26

...

10,131

10,238

L2016414.UP.FTS.B

,

24

.87

%

,

11/10/26

...

738

9

L2017556.UP.FTS.B

,

25

.05

%

,

11/10/26

...

2,647

2,675

L2016122.UP.FTS.B

,

25

.2

%

,

11/10/26

....

2,723

2,726

L2017313.UP.FTS.B

,

25

.23

%

,

11/10/26

...

2,996

3,028

L2016288.UP.FTS.B

,

25

.3

%

,

11/10/26

....

6,896

490

L1992755.UP.FTS.B

,

25

.36

%

,

11/10/26

...

1,139

81

L2016960.UP.FTS.B

,

25

.39

%

,

11/10/26

...

750

758

L2017166.UP.FTS.B

,

25

.5

%

,

11/10/26

....

3,240

3,246

L2018078.UP.FTS.B

,

25

.62

%

,

11/10/26

...

3,031

217

FW2017724.UP.FTS.B

,

26

.2

%

,

11/10/26

..

2,709

2,735

FW2017665.UP.FTS.B

,

26

.79

%

,

11/10/26

.

8,273

8,361

FW2017395.UP.FTS.B

,

27

.53

%

,

11/10/26

.

4,013

4,050

FW2018097.UP.FTS.B

,

28

.2

%

,

11/10/26

..

1,231

1,243

FW2017468.UP.FTS.B

,

28

.36

%

,

11/10/26

.

1,534

108

FW2018328.UP.FTS.B

,

28

.94

%

,

11/10/26

.

939

67

FW2017283.UP.FTS.B

,

29

.28

%

,

11/10/26

.

3,511

3,548

FW2016668.UP.FTS.B

,

29

.41

%

,

11/10/26

.

4,976

5,021

FW2016021.UP.FTS.B

,

29

.96

%

,

11/10/26

.

10,570

10,684

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

101

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2017531.UP.FTS.B

,

30

.14

%

,

11/10/26

.

$

5,299

$

5,355

FW2015923.UP.FTS.B

,

30

.28

%

,

11/10/26

.

5,658

5,718

FW2016098.UP.FTS.B

,

30

.28

%

,

11/10/26

.

1,132

1,144

FW2015746.UP.FTS.B

,

30

.57

%

,

11/10/26

.

2,058

2,080

FW2017369.UP.FTS.B

,

30

.83

%

,

11/10/26

.

2,130

2,153

FW2014044.UP.FTS.B

,

31

.01

%

,

11/10/26

.

2,849

2,873

FW2016392.UP.FTS.B

,

31

.01

%

,

11/10/26

.

374

370

FW2017963.UP.FTS.B

,

31

.1

%

,

11/10/26

..

7,323

510

FW2015165.UP.FTS.B

,

31

.13

%

,

11/10/26

.

1,151

1,158

FW2016440.UP.FTS.B

,

31

.16

%

,

11/10/26

.

3,281

486

FW2015784.UP.FTS.B

,

31

.24

%

,

11/10/26

.

1,638

1,655

FW2016681.UP.FTS.B

,

31

.25

%

,

11/10/26

.

3,925

3,959

FW2018216.UP.FTS.B

,

32

.18

%

,

11/10/26

.

2,707

1,602

FW2015624.UP.FTS.B

,

24

.49

%

,

11/15/26

.

4,055

4,097

FW2018137.UP.FTS.B

,

31

.23

%

,

11/15/26

.

14,375

14,533

FW2017448.UP.FTS.B

,

26

.97

%

,

11/20/26

.

1,400

1,416

FW2110828.UP.FTS.B

,

6

%

,

11/24/26

....

1,109

1,130

L2111539.UP.FTS.B

,

8

.17

%

,

11/24/26

....

4,667

4,647

L2112207.UP.FTS.B

,

9

.52

%

,

11/24/26

....

7,507

7,475

FW2112522.UP.FTS.B

,

10

.63

%

,

11/24/26

.

691

686

L2112534.UP.FTS.B

,

11

.65

%

,

11/24/26

...

17,039

17,014

L2110925.UP.FTS.B

,

12

.01

%

,

11/24/26

...

18,196

18,170

L2112036.UP.FTS.B

,

13

.1

%

,

11/24/26

....

919

918

L2109723.UP.FTS.B

,

14

.71

%

,

11/24/26

...

28,656

28,573

L2112445.UP.FTS.B

,

15

.34

%

,

11/24/26

...

1,877

1,883

L2112051.UP.FTS.B

,

15

.48

%

,

11/24/26

...

9,390

9,416

L2111566.UP.FTS.B

,

15

.86

%

,

11/24/26

...

3,144

3,153

L2111428.UP.FTS.B

,

15

.89

%

,

11/24/26

...

3,146

3,155

FW2111859.UP.FTS.B

,

16

.21

%

,

11/24/26

.

5,362

5,378

L2111758.UP.FTS.B

,

16

.63

%

,

11/24/26

...

25,178

25,145

FW2111175.UP.FTS.B

,

16

.64

%

,

11/24/26

.

4,394

4,405

L2111907.UP.FTS.B

,

16

.75

%

,

11/24/26

...

1,902

1,907

FW2111473.UP.FTS.B

,

17

.42

%

,

11/24/26

.

2,479

2,486

FW2112554.UP.FTS.B

,

17

.97

%

,

11/24/26

.

19,269

19,293

FW2103098.UP.FTS.B

,

18

.1

%

,

11/24/26

..

2,567

2,579

L2112204.UP.FTS.B

,

18

.12

%

,

11/24/26

...

3,537

3,541

L2110989.UP.FTS.B

,

18

.58

%

,

11/24/26

...

4,511

4,532

L2111999.UP.FTS.B

,

18

.81

%

,

11/24/26

...

4,706

4,676

FW2111909.UP.FTS.B

,

19

.23

%

,

11/24/26

.

2,186

2,196

L2111433.UP.FTS.B

,

19

.56

%

,

11/24/26

...

3,253

3,262

FW2111564.UP.FTS.B

,

19

.87

%

,

11/24/26

.

3,128

3,143

L2110920.UP.FTS.B

,

20

%

,

11/24/26

.....

8,645

8,680

L2110840.UP.FTS.B

,

20

.27

%

,

11/24/26

...

3,265

3,314

FW2112337.UP.FTS.B

,

20

.38

%

,

11/24/26

.

6,675

6,765

L2111070.UP.FTS.B

,

20

.97

%

,

11/24/26

...

2,229

2,259

FW2110697.UP.FTS.B

,

21

.79

%

,

11/24/26

.

8,887

8,992

L2111001.UP.FTS.B

,

22

.12

%

,

11/24/26

...

1,363

1,379

L2109591.UP.FTS.B

,

22

.25

%

,

11/24/26

...

14,298

4,178

L2112213.UP.FTS.B

,

22

.37

%

,

11/24/26

...

5,147

323

L2111918.UP.FTS.B

,

22

.67

%

,

11/24/26

...

13,179

13,372

L2111770.UP.FTS.B

,

23

.69

%

,

11/24/26

...

1,091

1,080

L2111688.UP.FTS.B

,

25

.07

%

,

11/24/26

...

1,701

1,727

FW2111387.UP.FTS.B

,

25

.36

%

,

11/24/26

.

4,453

4,511

L2112349.UP.FTS.B

,

25

.4

%

,

11/24/26

....

6,818

6,923

L2111206.UP.FTS.B

,

25

.46

%

,

11/24/26

...

1,365

1,386

L2112241.UP.FTS.B

,

25

.52

%

,

11/24/26

...

4,081

291

L2111177.UP.FTS.B

,

25

.59

%

,

11/24/26

...

5,237

5,302

L2111103.UP.FTS.B

,

25

.8

%

,

11/24/26

....

1,549

452

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2110882.UP.FTS.B

,

25

.83

%

,

11/24/26

.

$

5,476

$

5,561

FW2110829.UP.FTS.B

,

27

.91

%

,

11/24/26

.

10,892

11,006

FW2109993.UP.FTS.B

,

28

.34

%

,

11/24/26

.

3,486

3,540

FW2112225.UP.FTS.B

,

30

.05

%

,

11/24/26

.

1,279

1,296

FW2112451.UP.FTS.B

,

30

.73

%

,

11/24/26

.

1,277

1,297

FW2111816.UP.FTS.B

,

30

.78

%

,

11/24/26

.

1,632

1,658

FW2111832.UP.FTS.B

,

31

.16

%

,

11/24/26

.

7,428

7,480

FW2112102.UP.FTS.B

,

31

.76

%

,

11/24/26

.

5,748

5,835

L2016863.UP.FTS.B

,

13

.15

%

,

11/25/26

...

3,082

3,072

FW2264096.UP.FTS.B

,

8

.01

%

,

12/16/26

..

5,390

5,359

L2266515.UP.FTS.B

,

8

.1

%

,

12/16/26

....

4,470

4,446

L2264632.UP.FTS.B

,

8

.24

%

,

12/16/26

....

12,044

11,974

L2233679.UP.FTS.B

,

10

.15

%

,

12/16/26

...

3,975

3,955

L2256936.UP.FTS.B

,

11

.09

%

,

12/16/26

...

12,342

12,303

L2261890.UP.FTS.B

,

11

.17

%

,

12/16/26

...

9,512

8,991

L2265566.UP.FTS.B

,

11

.83

%

,

12/16/26

...

10,264

581

FW2263431.UP.FTS.B

,

12

.09

%

,

12/16/26

.

4,361

4,348

L2264084.UP.FTS.B

,

12

.97

%

,

12/16/26

...

1,523

110

L2262690.UP.FTS.B

,

13

.04

%

,

12/16/26

...

5,343

5,327

L2261612.UP.FTS.B

,

13

.93

%

,

12/16/26

...

1,268

1,264

FW2263216.UP.FTS.B

,

14

.33

%

,

12/16/26

.

636

634

FW2263771.UP.FTS.B

,

14

.5

%

,

12/16/26

..

4,780

4,760

FW2262525.UP.FTS.B

,

14

.73

%

,

12/16/26

.

19,149

19,092

L2266678.UP.FTS.B

,

14

.84

%

,

12/16/26

...

8,306

8,282

L2266887.UP.FTS.B

,

15

.02

%

,

12/16/26

...

4,480

4,480

FW2266772.UP.FTS.B

,

15

.05

%

,

12/16/26

.

5,094

5,093

L2262094.UP.FTS.B

,

15

.17

%

,

12/16/26

...

3,204

3,195

L2261820.UP.FTS.B

,

15

.32

%

,

12/16/26

...

31,843

31,742

FW2265961.UP.FTS.B

,

16

.27

%

,

12/16/26

.

3,879

3,878

L2265506.UP.FTS.B

,

16

.32

%

,

12/16/26

...

9,084

8,592

L2261462.UP.FTS.B

,

16

.62

%

,

12/16/26

...

2,142

2,142

L2262304.UP.FTS.B

,

17

.3

%

,

12/16/26

....

8,490

8,489

L2261255.UP.FTS.B

,

17

.42

%

,

12/16/26

...

25,488

25,461

FW2265856.UP.FTS.B

,

17

.99

%

,

12/16/26

.

5,828

5,824

L2260722.UP.FTS.B

,

18

.02

%

,

12/16/26

...

1,971

1,973

L2262594.UP.FTS.B

,

18

.44

%

,

12/16/26

...

660

660

L2265320.UP.FTS.B

,

18

.67

%

,

12/16/26

...

691

188

L2262520.UP.FTS.B

,

19

.39

%

,

12/16/26

...

3,375

3,372

L2261512.UP.FTS.B

,

19

.6

%

,

12/16/26

....

6,659

6,659

L2261469.UP.FTS.B

,

19

.7

%

,

12/16/26

....

2,134

2,132

L2260922.UP.FTS.B

,

19

.74

%

,

12/16/26

...

4,679

4,508

L2265533.UP.FTS.B

,

19

.85

%

,

12/16/26

...

6,916

6,583

L2262271.UP.FTS.B

,

20

.02

%

,

12/16/26

...

6,385

6,384

FW2262822.UP.FTS.B

,

20

.38

%

,

12/16/26

.

2,010

2,033

L2262115.UP.FTS.B

,

20

.57

%

,

12/16/26

...

1,608

1,606

L2264912.UP.FTS.B

,

20

.76

%

,

12/16/26

...

2,689

2,692

L2263510.UP.FTS.B

,

21

.37

%

,

12/16/26

...

1,893

1,891

FW2263533.UP.FTS.B

,

21

.45

%

,

12/16/26

.

3,396

3,391

FW2266413.UP.FTS.B

,

21

.62

%

,

12/16/26

.

10,291

9,784

L2266172.UP.FTS.B

,

21

.62

%

,

12/16/26

...

2,369

2,396

FW2265342.UP.FTS.B

,

21

.77

%

,

12/16/26

.

2,410

2,435

L2264438.UP.FTS.B

,

21

.8

%

,

12/16/26

....

3,349

3,347

FW2242546.UP.FTS.B

,

21

.96

%

,

12/16/26

.

7,399

7,409

FW2265692.UP.FTS.B

,

22

.08

%

,

12/16/26

.

5,086

5,092

L2262151.UP.FTS.B

,

23

.18

%

,

12/16/26

...

14,884

15,048

L2262515.UP.FTS.B

,

23

.26

%

,

12/16/26

...

33,183

718

L2263677.UP.FTS.B

,

23

.33

%

,

12/16/26

...

10,514

10,132

L2266895.UP.FTS.B

,

23

.57

%

,

12/16/26

...

2,750

2,781

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

102

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2262668.UP.FTS.B

,

24

.03

%

,

12/16/26

...

$

2,277

$

2,303

L2263485.UP.FTS.B

,

24

.71

%

,

12/16/26

...

1,387

1,403

FW2263757.UP.FTS.B

,

24

.74

%

,

12/16/26

.

5,196

5,254

FW2263559.UP.FTS.B

,

24

.81

%

,

12/16/26

.

5,415

5,213

FW2266843.UP.FTS.B

,

24

.86

%

,

12/16/26

.

2,083

2,086

L2262190.UP.FTS.B

,

25

.35

%

,

12/16/26

...

2,858

2,890

L2264771.UP.FTS.B

,

25

.35

%

,

12/16/26

...

1,293

1,306

L2262592.UP.FTS.B

,

25

.43

%

,

12/16/26

...

775

773

L2236916.UP.FTS.B

,

25

.5

%

,

12/16/26

....

2,791

2,823

L2266958.UP.FTS.B

,

25

.5

%

,

12/16/26

....

768

777

FW2265341.UP.FTS.B

,

25

.64

%

,

12/16/26

.

6,983

7,062

FW2263939.UP.FTS.B

,

26

.78

%

,

12/16/26

.

2,817

2,849

FW2266619.UP.FTS.B

,

27

.46

%

,

12/16/26

.

2,619

2,649

FW2265289.UP.FTS.B

,

27

.87

%

,

12/16/26

.

2,757

14

FW2262621.UP.FTS.B

,

27

.92

%

,

12/16/26

.

5,327

5,388

FW2264546.UP.FTS.B

,

28

.23

%

,

12/16/26

.

2,137

2,157

FW2260718.UP.FTS.B

,

28

.56

%

,

12/16/26

.

1,427

1,444

FW2263509.UP.FTS.B

,

28

.65

%

,

12/16/26

.

7,505

7,573

FW2177600.UP.FTS.B

,

28

.89

%

,

12/16/26

.

1,607

112

FW2264712.UP.FTS.B

,

28

.97

%

,

12/16/26

.

1,740

1,756

FW2265353.UP.FTS.B

,

29

.01

%

,

12/16/26

.

9,886

9,992

FW2264681.UP.FTS.B

,

29

.13

%

,

12/16/26

.

2,866

2,898

FW2258081.UP.FTS.B

,

30

.3

%

,

12/16/26

..

3,510

3,543

FW2261708.UP.FTS.B

,

30

.67

%

,

12/16/26

.

2,259

2,170

FW2266558.UP.FTS.B

,

30

.86

%

,

12/16/26

.

1,451

1,467

FW2266459.UP.FTS.B

,

30

.98

%

,

12/16/26

.

845

853

FW2260770.UP.FTS.B

,

31

.08

%

,

12/16/26

.

1,089

1,102

FW2264279.UP.FTS.B

,

31

.14

%

,

12/16/26

.

1,395

1,409

FW2266925.UP.FTS.B

,

31

.22

%

,

12/16/26

.

14,197

4,191

FW2266682.UP.FTS.B

,

31

.23

%

,

12/16/26

.

3,383

3,417

FW2267010.UP.FTS.B

,

31

.33

%

,

12/16/26

.

2,118

2,138

FW2270153.UP.FTS.B

,

7

.21

%

,

12/17/26

..

2,662

2,648

FW2269719.UP.FTS.B

,

7

.26

%

,

12/17/26

..

7,058

6,642

L2269403.UP.FTS.B

,

7

.47

%

,

12/17/26

....

8,889

8,842

L2269259.UP.FTS.B

,

8

.25

%

,

12/17/26

....

1,801

1,792

L2268096.UP.FTS.B

,

8

.29

%

,

12/17/26

....

14,411

14,337

L2267269.UP.FTS.B

,

8

.51

%

,

12/17/26

....

9,028

8,982

L2269424.UP.FTS.B

,

8

.98

%

,

12/17/26

....

6,650

6,617

L2271105.UP.FTS.B

,

9

.17

%

,

12/17/26

....

20,328

20,223

FW2267252.UP.FTS.B

,

9

.41

%

,

12/17/26

..

4,844

4,707

L2266480.UP.FTS.B

,

10

.61

%

,

12/17/26

...

2,150

2,143

FW2269561.UP.FTS.B

,

11

.28

%

,

12/17/26

.

3,957

3,945

L2263798.UP.FTS.B

,

11

.32

%

,

12/17/26

...

16,625

16,574

L2270002.UP.FTS.B

,

11

.76

%

,

12/17/26

...

2,795

2,786

L2269004.UP.FTS.B

,

11

.83

%

,

12/17/26

...

8,080

8,055

L2270705.UP.FTS.B

,

12

.61

%

,

12/17/26

...

6,260

6,242

L2269154.UP.FTS.B

,

12

.96

%

,

12/17/26

...

14,037

1,972

L2267510.UP.FTS.B

,

13

.34

%

,

12/17/26

...

6,807

6,787

FW2269825.UP.FTS.B

,

13

.55

%

,

12/17/26

.

3,151

3,142

L2264006.UP.FTS.B

,

13

.57

%

,

12/17/26

...

6,349

6,324

L2269188.UP.FTS.B

,

14

.18

%

,

12/17/26

...

3,430

3,420

FW2259052.UP.FTS.B

,

14

.44

%

,

12/17/26

.

4,457

4,444

L2269061.UP.FTS.B

,

14

.52

%

,

12/17/26

...

2,846

2,838

L2268637.UP.FTS.B

,

14

.78

%

,

12/17/26

...

2,866

2,845

L2267899.UP.FTS.B

,

15

.39

%

,

12/17/26

...

6,421

6,403

FW2269286.UP.FTS.B

,

15

.6

%

,

12/17/26

..

18,153

18,081

L2269989.UP.FTS.B

,

15

.72

%

,

12/17/26

...

19,325

19,328

L2269665.UP.FTS.B

,

16

.5

%

,

12/17/26

....

10,505

10,505

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2267902.UP.FTS.B

,

16

.76

%

,

12/17/26

...

$

8,239

$

8,216

L2269419.UP.FTS.B

,

17

%

,

12/17/26

.....

6,424

6,429

L2267913.UP.FTS.B

,

17

.09

%

,

12/17/26

...

3,251

3,242

L2270652.UP.FTS.B

,

17

.8

%

,

12/17/26

....

1,836

1,837

FW2267256.UP.FTS.B

,

17

.83

%

,

12/17/26

.

7,300

531

FW2270802.UP.FTS.B

,

17

.83

%

,

12/17/26

.

656

656

L2268164.UP.FTS.B

,

18

.3

%

,

12/17/26

....

3,952

3,958

L2270265.UP.FTS.B

,

18

.3

%

,

12/17/26

....

1,317

1,318

L2267799.UP.FTS.B

,

18

.33

%

,

12/17/26

...

4,618

4,612

FW2267424.UP.FTS.B

,

18

.94

%

,

12/17/26

.

3,042

2,958

FW2268753.UP.FTS.B

,

19

.71

%

,

12/17/26

.

3,354

3,350

L2268708.UP.FTS.B

,

19

.88

%

,

12/17/26

...

3,337

3,342

L2267364.UP.FTS.B

,

20

.36

%

,

12/17/26

...

1,474

1,476

L2268745.UP.FTS.B

,

20

.6

%

,

12/17/26

....

2,957

2,956

L2268926.UP.FTS.B

,

20

.65

%

,

12/17/26

...

18,147

18,136

L2268079.UP.FTS.B

,

20

.72

%

,

12/17/26

...

2,661

2,691

L2256028.UP.FTS.B

,

20

.74

%

,

12/17/26

...

4,046

4,044

L2270132.UP.FTS.B

,

20

.75

%

,

12/17/26

...

1,008

1,006

L2270631.UP.FTS.B

,

21

.07

%

,

12/17/26

...

8,660

2,435

L2268043.UP.FTS.B

,

21

.67

%

,

12/17/26

...

34,975

33,298

FW2269279.UP.FTS.B

,

21

.88

%

,

12/17/26

.

9,728

9,820

FW2268457.UP.FTS.B

,

22

.16

%

,

12/17/26

.

7,819

7,909

FW2263842.UP.FTS.B

,

22

.41

%

,

12/17/26

.

10,239

10,335

L2214006.UP.FTS.B

,

22

.76

%

,

12/17/26

...

951

959

FW2267880.UP.FTS.B

,

23

.11

%

,

12/17/26

.

6,851

6,861

FW2271155.UP.FTS.B

,

23

.14

%

,

12/17/26

.

8,224

8,319

FW2270621.UP.FTS.B

,

23

.29

%

,

12/17/26

.

3,213

3,240

L2267371.UP.FTS.B

,

23

.36

%

,

12/17/26

...

892

903

FW2270716.UP.FTS.B

,

24

.09

%

,

12/17/26

.

3,451

3,491

FW2268352.UP.FTS.B

,

24

.36

%

,

12/17/26

.

3,259

3,266

L2269673.UP.FTS.B

,

24

.46

%

,

12/17/26

...

692

700

L2269672.UP.FTS.B

,

24

.89

%

,

12/17/26

...

4,470

4,304

L2268401.UP.FTS.B

,

25

.14

%

,

12/17/26

...

2,501

723

L2270209.UP.FTS.B

,

25

.15

%

,

12/17/26

...

1,461

1,478

L2268106.UP.FTS.B

,

25

.26

%

,

12/17/26

...

15,704

15,885

L2267192.UP.FTS.B

,

25

.29

%

,

12/17/26

...

1,582

24

L2269322.UP.FTS.B

,

25

.3

%

,

12/17/26

....

2,106

609

L2267659.UP.FTS.B

,

25

.42

%

,

12/17/26

...

1,581

72

FW2268057.UP.FTS.B

,

25

.81

%

,

12/17/26

.

1,399

1,415

FW2271111.UP.FTS.B

,

26

.4

%

,

12/17/26

..

4,514

682

FW2265199.UP.FTS.B

,

27

.31

%

,

12/17/26

.

3,727

3,761

FW2258741.UP.FTS.B

,

27

.63

%

,

12/17/26

.

1,914

1,936

FW2267234.UP.FTS.B

,

28

.03

%

,

12/17/26

.

823

831

FW2271113.UP.FTS.B

,

29

.49

%

,

12/17/26

.

2,585

2,488

FW2268163.UP.FTS.B

,

29

.95

%

,

12/17/26

.

2,858

2,813

FW2260471.UP.FTS.B

,

30

.04

%

,

12/17/26

.

5,390

5,435

FW2260486.UP.FTS.B

,

30

.33

%

,

12/17/26

.

10,835

10,961

FW2266749.UP.FTS.B

,

30

.39

%

,

12/17/26

.

940

951

FW2270615.UP.FTS.B

,

30

.87

%

,

12/17/26

.

1,227

184

FW2269601.UP.FTS.B

,

30

.92

%

,

12/17/26

.

1,306

1,321

FW2269865.UP.FTS.B

,

30

.96

%

,

12/17/26

.

1,016

1,027

FW2269782.UP.FTS.B

,

31

.05

%

,

12/17/26

.

6,107

1,788

FW2270320.UP.FTS.B

,

31

.1

%

,

12/17/26

..

1,311

1,324

FW2267969.UP.FTS.B

,

31

.13

%

,

12/17/26

.

2,979

3,013

FW2269656.UP.FTS.B

,

31

.22

%

,

12/17/26

.

1,164

1,175

FW2269622.UP.FTS.B

,

31

.24

%

,

12/17/26

.

844

127

FW2266605.UP.FTS.B

,

31

.38

%

,

12/17/26

.

1,747

1,767

FW2266148.UP.FTS.B

,

14

.03

%

,

12/21/26

.

3,177

3,168

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

103

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2262301.UP.FTS.B

,

30

.52

%

,

12/22/26

.

$

3,528

$

3,563

FW2270167.UP.FTS.B

,

27

.42

%

,

12/25/26

.

11,775

828

FW2269726.UP.FTS.B

,

9

.71

%

,

12/28/26

..

9,407

9,350

FW2267947.UP.FTS.B

,

20

.33

%

,

12/28/26

.

4,175

4,219

L2265697.UP.FTS.B

,

23

.5

%

,

12/28/26

....

2,128

2,145

L2160603.UP.FTS.B

,

24

.28

%

,

12/28/26

...

2,350

674

FW2270884.UP.FTS.B

,

17

.41

%

,

1/01/27

..

10,804

10,777

FW2475907.UP.FTS.B

,

4

.84

%

,

1/20/27

...

24,970

24,803

L2474579.UP.FTS.B

,

4

.95

%

,

1/20/27

....

14,016

13,918

L2474331.UP.FTS.B

,

5

.25

%

,

1/20/27

....

5,971

5,931

L2471525.UP.FTS.B

,

5

.57

%

,

1/20/27

....

24,019

23,853

L2475396.UP.FTS.B

,

5

.61

%

,

1/20/27

....

30,030

29,831

L2474959.UP.FTS.B

,

5

.82

%

,

1/20/27

....

4,815

4,783

L2475014.UP.FTS.B

,

5

.92

%

,

1/20/27

....

603

599

L2472984.UP.FTS.B

,

6

.81

%

,

1/20/27

....

1,361

1,350

FW2475429.UP.FTS.B

,

7

.27

%

,

1/20/27

...

3,713

3,683

L2473931.UP.FTS.B

,

7

.74

%

,

1/20/27

....

10,416

10,362

L2475724.UP.FTS.B

,

7

.86

%

,

1/20/27

....

6,092

6,060

L2473450.UP.FTS.B

,

8

.65

%

,

1/20/27

....

15,464

15,385

FW2473955.UP.FTS.B

,

8

.68

%

,

1/20/27

...

2,411

2,399

FW2473331.UP.FTS.B

,

9

.04

%

,

1/20/27

...

10,302

10,037

L2473688.UP.FTS.B

,

9

.31

%

,

1/20/27

....

6,225

6,193

L2474865.UP.FTS.B

,

9

.49

%

,

1/20/27

....

2,505

2,490

L2474080.UP.FTS.B

,

9

.61

%

,

1/20/27

....

5,882

5,851

L2472065.UP.FTS.B

,

9

.95

%

,

1/20/27

....

4,696

4,673

L2473817.UP.FTS.B

,

10

.77

%

,

1/20/27

....

10,859

1,518

L2473418.UP.FTS.B

,

10

.96

%

,

1/20/27

....

12,775

929

L2474933.UP.FTS.B

,

11

.24

%

,

1/20/27

....

18,376

18,318

L2473427.UP.FTS.B

,

11

.29

%

,

1/20/27

....

12,680

12,640

L2473112.UP.FTS.B

,

11

.72

%

,

1/20/27

....

3,165

3,154

L2471859.UP.FTS.B

,

12

.54

%

,

1/20/27

....

9,619

9,589

L2474658.UP.FTS.B

,

12

.78

%

,

1/20/27

....

3,213

3,203

L2471480.UP.FTS.B

,

13

.4

%

,

1/20/27

....

1,834

1,825

L2474789.UP.FTS.B

,

13

.64

%

,

1/20/27

....

16,590

15,682

L2474173.UP.FTS.B

,

13

.96

%

,

1/20/27

....

2,563

2,554

L2473476.UP.FTS.B

,

14

%

,

1/20/27

......

4,164

4,146

L2471439.UP.FTS.B

,

14

.4

%

,

1/20/27

....

717

715

L2472468.UP.FTS.B

,

14

.46

%

,

1/20/27

....

3,913

3,901

L2474447.UP.FTS.B

,

14

.59

%

,

1/20/27

....

2,873

2,864

L2475352.UP.FTS.B

,

14

.64

%

,

1/20/27

....

11,887

11,851

L2475028.UP.FTS.B

,

14

.75

%

,

1/20/27

....

3,269

3,259

FW2471019.UP.FTS.B

,

15

.35

%

,

1/20/27

..

711

709

L2474491.UP.FTS.B

,

15

.9

%

,

1/20/27

....

2,902

2,902

L2471752.UP.FTS.B

,

16

.14

%

,

1/20/27

....

3,969

3,969

L2471789.UP.FTS.B

,

16

.78

%

,

1/20/27

....

19,804

19,742

L2471603.UP.FTS.B

,

17

.27

%

,

1/20/27

....

4,207

4,207

FW2472357.UP.FTS.B

,

18

.64

%

,

1/20/27

..

13,488

13,502

FW2472703.UP.FTS.B

,

18

.76

%

,

1/20/27

..

4,733

4,738

L2472163.UP.FTS.B

,

19

.55

%

,

1/20/27

....

2,848

2,846

L2471471.UP.FTS.B

,

19

.65

%

,

1/20/27

....

4,737

4,742

L2474729.UP.FTS.B

,

20

.39

%

,

1/20/27

....

6,848

6,925

FW2472361.UP.FTS.B

,

20

.41

%

,

1/20/27

..

7,259

7,342

L2473064.UP.FTS.B

,

21

.2

%

,

1/20/27

....

922

878

L2473306.UP.FTS.B

,

21

.55

%

,

1/20/27

....

4,150

4,155

FW2475846.UP.FTS.B

,

23

.25

%

,

1/20/27

..

3,155

3,184

FW2474184.UP.FTS.B

,

23

.79

%

,

1/20/27

..

3,233

3,269

FW2473402.UP.FTS.B

,

24

.11

%

,

1/20/27

..

12,678

12,822

L2475345.UP.FTS.B

,

24

.61

%

,

1/20/27

....

3,821

574

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2472023.UP.FTS.B

,

24

.83

%

,

1/20/27

....

$

1,912

$

1,933

L2470742.UP.FTS.B

,

25

.25

%

,

1/20/27

....

2,013

143

L2471728.UP.FTS.B

,

25

.34

%

,

1/20/27

....

7,388

7,472

L2471667.UP.FTS.B

,

25

.39

%

,

1/20/27

....

5,546

5,609

L2474965.UP.FTS.B

,

25

.47

%

,

1/20/27

....

1,359

97

FW2472820.UP.FTS.B

,

25

.64

%

,

1/20/27

..

2,380

170

L2471756.UP.FTS.B

,

26

.47

%

,

1/20/27

....

754

761

L2474425.UP.FTS.B

,

26

.68

%

,

1/20/27

....

3,588

3,629

FW2472110.UP.FTS.B

,

27

.03

%

,

1/20/27

..

9,349

9,455

FW2475280.UP.FTS.B

,

27

.6

%

,

1/20/27

...

9,025

9,128

FW2473211.UP.FTS.B

,

27

.91

%

,

1/20/27

..

4,414

4,464

FW2475609.UP.FTS.B

,

28

.57

%

,

1/20/27

..

4,295

4,340

FW2472042.UP.FTS.B

,

29

.53

%

,

1/20/27

..

2,752

2,781

FW2475302.UP.FTS.B

,

30

.28

%

,

1/20/27

..

3,531

3,571

FW2474444.UP.FTS.B

,

30

.39

%

,

1/20/27

..

3,549

548

FW2471876.UP.FTS.B

,

30

.6

%

,

1/20/27

...

1,320

201

FW2473987.UP.FTS.B

,

30

.82

%

,

1/20/27

..

4,426

4,476

FW2471934.UP.FTS.B

,

30

.86

%

,

1/20/27

..

1,775

1,791

FW2473631.UP.FTS.B

,

30

.87

%

,

1/20/27

..

876

885

FW2474925.UP.FTS.B

,

31

.01

%

,

1/20/27

..

1,166

1,174

FW2470766.UP.FTS.B

,

31

.08

%

,

1/20/27

..

981

943

FW2475230.UP.FTS.B

,

31

.1

%

,

1/20/27

...

1,162

1,117

FW2471006.UP.FTS.B

,

31

.15

%

,

1/20/27

..

1,234

1,211

FW2473891.UP.FTS.B

,

31

.57

%

,

1/20/27

..

5,491

5,540

FW2473201.UP.FTS.B

,

31

.68

%

,

1/20/27

..

10,736

10,844

L2478241.UP.FTS.B

,

4

.87

%

,

1/21/27

....

12,519

12,435

L2477575.UP.FTS.B

,

4

.96

%

,

1/21/27

....

6,386

6,341

FW2478227.UP.FTS.B

,

5

.11

%

,

1/21/27

...

6,573

6,530

L2478495.UP.FTS.B

,

5

.12

%

,

1/21/27

....

5,977

5,938

L2446259.UP.FTS.B

,

5

.18

%

,

1/21/27

....

5,948

5,908

L2477767.UP.FTS.B

,

5

.31

%

,

1/21/27

....

8,982

8,923

L2478466.UP.FTS.B

,

5

.39

%

,

1/21/27

....

6,581

6,538

L2478450.UP.FTS.B

,

5

.42

%

,

1/21/27

....

3,597

3,574

L2480061.UP.FTS.B

,

5

.73

%

,

1/21/27

....

6,886

6,839

L2459372.UP.FTS.B

,

5

.76

%

,

1/21/27

....

9,022

8,963

L2477090.UP.FTS.B

,

5

.84

%

,

1/21/27

....

3,612

3,588

L2477803.UP.FTS.B

,

6

.01

%

,

1/21/27

....

25,183

25,017

L2477744.UP.FTS.B

,

6

.17

%

,

1/21/27

....

22,346

22,200

L2476427.UP.FTS.B

,

6

.24

%

,

1/21/27

....

6,044

6,004

L2477424.UP.FTS.B

,

6

.43

%

,

1/21/27

....

12,109

12,030

L2480644.UP.FTS.B

,

6

.59

%

,

1/21/27

....

15,160

15,061

L2480479.UP.FTS.B

,

6

.6

%

,

1/21/27

.....

3,881

3,856

L2480622.UP.FTS.B

,

6

.63

%

,

1/21/27

....

19,414

19,287

L2479361.UP.FTS.B

,

6

.78

%

,

1/21/27

....

12,760

12,677

L2478485.UP.FTS.B

,

6

.81

%

,

1/21/27

....

7,013

6,961

L2478510.UP.FTS.B

,

7

.06

%

,

1/21/27

....

880

875

L2461602.UP.FTS.B

,

7

.51

%

,

1/21/27

....

30,593

30,438

L2478233.UP.FTS.B

,

7

.75

%

,

1/21/27

....

2,453

2,441

FW2480389.UP.FTS.B

,

7

.87

%

,

1/21/27

...

4,605

4,582

L2476700.UP.FTS.B

,

8

.05

%

,

1/21/27

....

2,239

2,222

L2482145.UP.FTS.B

,

8

.06

%

,

1/21/27

....

12,918

906

L2477326.UP.FTS.B

,

8

.52

%

,

1/21/27

....

15,446

15,368

L2480346.UP.FTS.B

,

8

.56

%

,

1/21/27

....

1,451

1,443

L2481499.UP.FTS.B

,

9

.01

%

,

1/21/27

....

2,286

2,274

L2477347.UP.FTS.B

,

9

.48

%

,

1/21/27

....

1,060

1,055

FW2478172.UP.FTS.B

,

9

.55

%

,

1/21/27

...

3,737

3,718

L2477329.UP.FTS.B

,

9

.62

%

,

1/21/27

....

5,619

5,591

L2477858.UP.FTS.B

,

9

.8

%

,

1/21/27

.....

15,310

15,235

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

104

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2450265.UP.FTS.B

,

9

.85

%

,

1/21/27

....

$

2,561

$

2,416

L2480599.UP.FTS.B

,

9

.99

%

,

1/21/27

....

14,292

14,232

FW2479183.UP.FTS.B

,

10

.05

%

,

1/21/27

..

5,328

5,311

L2480405.UP.FTS.B

,

10

.65

%

,

1/21/27

....

3,782

3,770

FW2478301.UP.FTS.B

,

10

.7

%

,

1/21/27

...

4,667

4,644

L2476472.UP.FTS.B

,

10

.79

%

,

1/21/27

....

3,148

3,138

FW2480584.UP.FTS.B

,

10

.82

%

,

1/21/27

..

3,763

3,751

L2476577.UP.FTS.B

,

11

.24

%

,

1/21/27

....

2,533

2,525

FW2480576.UP.FTS.B

,

11

.26

%

,

1/21/27

..

14,959

14,914

L2477410.UP.FTS.B

,

11

.79

%

,

1/21/27

....

8,220

8,178

FW2477060.UP.FTS.B

,

11

.89

%

,

1/21/27

..

19,092

19,035

L2481328.UP.FTS.B

,

12

.51

%

,

1/21/27

....

3,205

3,195

L2479402.UP.FTS.B

,

12

.63

%

,

1/21/27

....

4,815

4,801

FW2481147.UP.FTS.B

,

12

.81

%

,

1/21/27

..

7,343

533

FW2480666.UP.FTS.B

,

12

.82

%

,

1/21/27

..

13,785

1,936

L2480627.UP.FTS.B

,

13

.09

%

,

1/21/27

....

4,124

4,111

L2479108.UP.FTS.B

,

13

.57

%

,

1/21/27

....

15,528

15,483

L2480894.UP.FTS.B

,

14

.25

%

,

1/21/27

....

7,910

7,481

L2481349.UP.FTS.B

,

14

.92

%

,

1/21/27

....

4,975

4,961

FW2476598.UP.FTS.B

,

14

.99

%

,

1/21/27

..

6,577

6,552

FW2479747.UP.FTS.B

,

15

%

,

1/21/27

....

3,276

3,267

FW2476545.UP.FTS.B

,

15

.04

%

,

1/21/27

..

6,554

6,536

FW2476940.UP.FTS.B

,

15

.14

%

,

1/21/27

..

1,825

1,816

L2472995.UP.FTS.B

,

15

.34

%

,

1/21/27

....

1,971

1,972

L2476780.UP.FTS.B

,

15

.94

%

,

1/21/27

....

3,302

3,302

FW2477987.UP.FTS.B

,

16

%

,

1/21/27

....

4,958

1,355

L2478528.UP.FTS.B

,

16

.29

%

,

1/21/27

....

2,655

2,641

L2480206.UP.FTS.B

,

16

.56

%

,

1/21/27

....

23,235

23,170

L2480635.UP.FTS.B

,

16

.62

%

,

1/21/27

....

3,321

3,321

L2481665.UP.FTS.B

,

17

.36

%

,

1/21/27

....

2,673

2,673

FW2476814.UP.FTS.B

,

17

.49

%

,

1/21/27

..

3,356

3,354

FW2480097.UP.FTS.B

,

18

.93

%

,

1/21/27

..

2,166

2,167

L2482226.UP.FTS.B

,

19

.47

%

,

1/21/27

....

10,878

10,893

FW2477756.UP.FTS.B

,

19

.8

%

,

1/21/27

...

1,047

1,037

FW2470384.UP.FTS.B

,

19

.99

%

,

1/21/27

..

4,246

1,196

L2481444.UP.FTS.B

,

20

.35

%

,

1/21/27

....

5,748

1,661

FW2478527.UP.FTS.B

,

20

.76

%

,

1/21/27

..

15,429

15,389

FW2479867.UP.FTS.B

,

21

.17

%

,

1/21/27

..

2,205

2,230

FW2477308.UP.FTS.B

,

23

.41

%

,

1/21/27

..

6,664

471

L2476876.UP.FTS.B

,

23

.51

%

,

1/21/27

....

3,638

87

FW2476171.UP.FTS.B

,

24

.01

%

,

1/21/27

..

2,536

2,566

L2476196.UP.FTS.B

,

24

.05

%

,

1/21/27

....

1,251

1,255

L2480692.UP.FTS.B

,

24

.23

%

,

1/21/27

....

776

785

L2480153.UP.FTS.B

,

24

.26

%

,

1/21/27

....

936

945

FW2476307.UP.FTS.B

,

24

.31

%

,

1/21/27

..

1,129

1,142

L2481353.UP.FTS.B

,

24

.94

%

,

1/21/27

....

6,038

6,096

L2477192.UP.FTS.B

,

25

.1

%

,

1/21/27

....

4,628

4,673

L2477602.UP.FTS.B

,

25

.12

%

,

1/21/27

....

2,839

2,842

L2450581.UP.FTS.B

,

25

.25

%

,

1/21/27

....

3,267

3,305

L2480444.UP.FTS.B

,

25

.32

%

,

1/21/27

....

1,420

1,422

L2480238.UP.FTS.B

,

25

.42

%

,

1/21/27

....

782

783

L2477171.UP.FTS.B

,

25

.43

%

,

1/21/27

....

2,844

2,877

L2477959.UP.FTS.B

,

25

.85

%

,

1/21/27

....

7,133

7,216

L2478675.UP.FTS.B

,

25

.98

%

,

1/21/27

....

13,520

13,650

L2476870.UP.FTS.B

,

26

.94

%

,

1/21/27

....

2,156

2,159

FW2477621.UP.FTS.B

,

27

.45

%

,

1/21/27

..

4,614

4,668

FW2480795.UP.FTS.B

,

27

.7

%

,

1/21/27

...

2,023

2,047

FW2476474.UP.FTS.B

,

28

.03

%

,

1/21/27

..

1,811

1,832

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2476707.UP.FTS.B

,

28

.1

%

,

1/21/27

...

$

5,727

$

5,790

FW2477133.UP.FTS.B

,

28

.1

%

,

1/21/27

...

6,160

6,232

FW2481757.UP.FTS.B

,

28

.3

%

,

1/21/27

...

5,441

5,505

FW2478384.UP.FTS.B

,

28

.67

%

,

1/21/27

..

1,387

1,400

FW2479323.UP.FTS.B

,

28

.7

%

,

1/21/27

...

1,091

1,104

FW2480886.UP.FTS.B

,

29

.21

%

,

1/21/27

..

22,158

3,452

FW2480439.UP.FTS.B

,

29

.92

%

,

1/21/27

..

2,567

2,562

FW2476060.UP.FTS.B

,

30

.53

%

,

1/21/27

..

4,419

4,470

FW2481370.UP.FTS.B

,

30

.57

%

,

1/21/27

..

817

821

FW2476388.UP.FTS.B

,

30

.81

%

,

1/21/27

..

6,561

6,318

FW2479214.UP.FTS.B

,

30

.9

%

,

1/21/27

...

8,165

8,234

FW2481906.UP.FTS.B

,

30

.96

%

,

1/21/27

..

812

822

FW2479381.UP.FTS.B

,

31

.12

%

,

1/21/27

..

5,199

5,244

FW2482179.UP.FTS.B

,

31

.16

%

,

1/21/27

..

1,464

101

FW2477853.UP.FTS.B

,

31

.19

%

,

1/21/27

..

9,892

10,006

FW2482047.UP.FTS.B

,

32

.18

%

,

1/21/27

..

10,830

10,935

L2477998.UP.FTS.B

,

10

.21

%

,

1/26/27

....

12,822

12,760

L2481616.UP.FTS.B

,

22

.8

%

,

1/26/27

....

2,224

2,250

FW2479301.UP.FTS.B

,

31

.22

%

,

1/28/27

..

831

837

FW2472901.UP.FTS.B

,

21

.26

%

,

2/01/27

..

7,089

7,160

L2480452.UP.FTS.B

,

14

.24

%

,

2/02/27

....

3,347

3,334

FW2480948.UP.FTS.B

,

11

.69

%

,

2/05/27

..

16,382

16,322

L2476441.UP.FTS.B

,

22

.74

%

,

2/06/27

....

3,953

3,994

L1722493.UP.FTS.B

,

18

.38

%

,

2/16/27

....

10,061

105

L1720140.UP.FTS.B

,

22

.6

%

,

2/16/27

....

14,698

2,206

L1712934.UP.FTS.B

,

25

.32

%

,

2/16/27

....

7,025

6,767

FW1720537.UP.FTS.B

,

25

.44

%

,

2/16/27

..

3,852

3,698

L1722725.UP.FTS.B

,

25

.76

%

,

2/16/27

....

1,263

1,216

L1722547.UP.FTS.B

,

26

.6

%

,

2/16/27

....

2,394

2,388

FW1721612.UP.FTS.B

,

26

.87

%

,

2/16/27

..

3,631

3,656

FW1720421.UP.FTS.B

,

27

.95

%

,

2/16/27

..

4,280

4,309

FW1722580.UP.FTS.B

,

28

.29

%

,

2/16/27

..

2,701

–

FW1722218.UP.FTS.B

,

29

.06

%

,

2/16/27

..

4,630

4,690

FW1720737.UP.FTS.B

,

29

.83

%

,

2/16/27

..

2,178

2,186

L2656149.UP.FTS.B

,

4

.9

%

,

2/18/27

.....

25,607

25,436

L2656376.UP.FTS.B

,

5

.08

%

,

2/18/27

....

5,658

5,611

L2654934.UP.FTS.B

,

6

.41

%

,

2/18/27

....

7,500

7,449

FW2657802.UP.FTS.B

,

7

.01

%

,

2/18/27

...

3,726

3,702

L2657504.UP.FTS.B

,

7

.74

%

,

2/18/27

....

5,348

5,319

L2653066.UP.FTS.B

,

9

.34

%

,

2/18/27

....

555

551

FW2653627.UP.FTS.B

,

9

.99

%

,

2/18/27

...

3,378

3,360

FW2657543.UP.FTS.B

,

10

.25

%

,

2/18/27

..

1,412

86

FW2657532.UP.FTS.B

,

10

.48

%

,

2/18/27

..

11,685

11,609

FW2657539.UP.FTS.B

,

10

.96

%

,

2/18/27

..

7,111

7,083

FW2653836.UP.FTS.B

,

10

.99

%

,

2/18/27

..

1,988

1,976

L2655850.UP.FTS.B

,

11

.44

%

,

2/18/27

....

17,541

17,474

FW2655412.UP.FTS.B

,

11

.77

%

,

2/18/27

..

10,067

638

L2657392.UP.FTS.B

,

12

.09

%

,

2/18/27

....

9,091

9,057

L2655901.UP.FTS.B

,

12

.32

%

,

2/18/27

....

4,588

4,570

L2654898.UP.FTS.B

,

12

.38

%

,

2/18/27

....

17,071

16,990

L2654736.UP.FTS.B

,

12

.58

%

,

2/18/27

....

6,810

6,779

FW2654132.UP.FTS.B

,

12

.73

%

,

2/18/27

..

13,974

13,908

L2653291.UP.FTS.B

,

12

.9

%

,

2/18/27

....

2,511

2,499

FW2654033.UP.FTS.B

,

13

.1

%

,

2/18/27

...

4,707

4,685

FW2655119.UP.FTS.B

,

13

.31

%

,

2/18/27

..

7,958

7,921

FW2653830.UP.FTS.B

,

13

.35

%

,

2/18/27

..

9,983

9,946

FW2656357.UP.FTS.B

,

13

.79

%

,

2/18/27

..

7,100

7,074

FW2657507.UP.FTS.B

,

13

.96

%

,

2/18/27

..

2,126

2,119

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

105

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2655146.UP.FTS.B

,

14

.16

%

,

2/18/27

....

$

4,923

$

4,903

FW2657544.UP.FTS.B

,

14

.38

%

,

2/18/27

..

12,869

12,822

FW2656039.UP.FTS.B

,

14

.43

%

,

2/18/27

..

1,534

1,528

FW2655411.UP.FTS.B

,

14

.47

%

,

2/18/27

..

1,786

1,779

L2655911.UP.FTS.B

,

14

.57

%

,

2/18/27

....

10,017

9,981

FW2653497.UP.FTS.B

,

14

.59

%

,

2/18/27

..

10,688

10,649

L2653926.UP.FTS.B

,

14

.76

%

,

2/18/27

....

10,290

10,245

FW2655361.UP.FTS.B

,

14

.81

%

,

2/18/27

..

4,350

4,334

FW2656874.UP.FTS.B

,

15

.48

%

,

2/18/27

..

2,220

2,217

L2657406.UP.FTS.B

,

15

.83

%

,

2/18/27

....

10,795

10,780

L2656610.UP.FTS.B

,

15

.94

%

,

2/18/27

....

10,132

10,096

FW2657294.UP.FTS.B

,

16

.22

%

,

2/18/27

..

14,673

14,621

FW2655943.UP.FTS.B

,

16

.38

%

,

2/18/27

..

744

742

FW2655801.UP.FTS.B

,

16

.39

%

,

2/18/27

..

3,660

3,656

L2655952.UP.FTS.B

,

16

.47

%

,

2/18/27

....

8,140

8,129

L2657168.UP.FTS.B

,

16

.47

%

,

2/18/27

....

1,356

1,355

FW2656762.UP.FTS.B

,

16

.73

%

,

2/18/27

..

16,989

16,967

FW2654911.UP.FTS.B

,

16

.77

%

,

2/18/27

..

1,613

1,609

L2656088.UP.FTS.B

,

16

.82

%

,

2/18/27

....

3,928

283

L2657493.UP.FTS.B

,

17

.25

%

,

2/18/27

....

18,547

1,233

FW2655755.UP.FTS.B

,

17

.36

%

,

2/18/27

..

5,832

5,811

L2656274.UP.FTS.B

,

17

.4

%

,

2/18/27

....

1,366

1,366

L2648053.UP.FTS.B

,

17

.58

%

,

2/18/27

....

4,436

4,430

FW2655219.UP.FTS.B

,

17

.61

%

,

2/18/27

..

18,394

18,366

FW2654968.UP.FTS.B

,

17

.64

%

,

2/18/27

..

2,730

2,598

FW2657700.UP.FTS.B

,

17

.81

%

,

2/18/27

..

8,836

8,816

L2656742.UP.FTS.B

,

17

.82

%

,

2/18/27

....

3,745

3,743

FW2655696.UP.FTS.B

,

17

.99

%

,

2/18/27

..

4,092

296

L2653109.UP.FTS.B

,

18

.03

%

,

2/18/27

....

1,031

1,030

L2653689.UP.FTS.B

,

18

.18

%

,

2/18/27

....

2,483

2,360

L2653164.UP.FTS.B

,

18

.21

%

,

2/18/27

....

7,563

7,554

FW2654520.UP.FTS.B

,

18

.49

%

,

2/18/27

..

2,274

2,273

L2657353.UP.FTS.B

,

18

.73

%

,

2/18/27

....

10,673

10,087

L2654570.UP.FTS.B

,

19

.68

%

,

2/18/27

....

788

748

FW2656424.UP.FTS.B

,

19

.82

%

,

2/18/27

..

2,297

2,296

L2656336.UP.FTS.B

,

20

.22

%

,

2/18/27

....

1,209

1,151

FW2654532.UP.FTS.B

,

20

.37

%

,

2/18/27

..

5,987

5,972

FW2657187.UP.FTS.B

,

20

.48

%

,

2/18/27

..

14,271

14,264

FW2657677.UP.FTS.B

,

20

.65

%

,

2/18/27

..

3,852

3,851

FW2654620.UP.FTS.B

,

20

.83

%

,

2/18/27

..

3,569

3,590

L2656191.UP.FTS.B

,

20

.98

%

,

2/18/27

....

3,320

3,344

FW2657310.UP.FTS.B

,

21

.81

%

,

2/18/27

..

2,447

2,469

L2655942.UP.FTS.B

,

21

.87

%

,

2/18/27

....

8,482

8,471

L2655022.UP.FTS.B

,

22

.08

%

,

2/18/27

....

840

830

FW2653768.UP.FTS.B

,

22

.47

%

,

2/18/27

..

21,235

21,439

L2656980.UP.FTS.B

,

22

.68

%

,

2/18/27

....

5,688

5,743

L2657169.UP.FTS.B

,

22

.71

%

,

2/18/27

....

10,495

10,589

FW2657375.UP.FTS.B

,

23

.29

%

,

2/18/27

..

1,999

2,019

FW2657769.UP.FTS.B

,

24

.23

%

,

2/18/27

..

8,542

8,625

FW2653982.UP.FTS.B

,

24

.33

%

,

2/18/27

..

8,003

7,691

L2657363.UP.FTS.B

,

24

.67

%

,

2/18/27

....

4,254

4,295

FW2656918.UP.FTS.B

,

25

.32

%

,

2/18/27

..

4,345

4,387

L2657540.UP.FTS.B

,

25

.32

%

,

2/18/27

....

1,233

1,245

FW2654552.UP.FTS.B

,

25

.75

%

,

2/18/27

..

3,922

3,960

FW2656585.UP.FTS.B

,

25

.76

%

,

2/18/27

..

3,996

4,035

FW2653266.UP.FTS.B

,

26

.59

%

,

2/18/27

..

5,214

5,018

FW2656738.UP.FTS.B

,

26

.73

%

,

2/18/27

..

7,872

7,941

FW2657625.UP.FTS.B

,

26

.98

%

,

2/18/27

..

5,528

5,319

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2653485.UP.FTS.B

,

27

.32

%

,

2/18/27

..

$

7,339

$

7,410

L2655961.UP.FTS.B

,

27

.71

%

,

2/18/27

....

1,284

1,294

FW2656127.UP.FTS.B

,

28

.24

%

,

2/18/27

..

1,920

1,938

FW2653273.UP.FTS.B

,

28

.29

%

,

2/18/27

..

20,396

1,448

FW2657275.UP.FTS.B

,

28

.44

%

,

2/18/27

..

2,814

2,824

FW2657124.UP.FTS.B

,

28

.84

%

,

2/18/27

..

6,796

6,835

FW2657590.UP.FTS.B

,

29

.26

%

,

2/18/27

..

3,934

1,149

FW2656448.UP.FTS.B

,

29

.81

%

,

2/18/27

..

3,877

3,915

FW2654690.UP.FTS.B

,

30

.25

%

,

2/18/27

..

828

834

FW2652797.UP.FTS.B

,

30

.47

%

,

2/18/27

..

1,273

1,285

FW2655034.UP.FTS.B

,

30

.5

%

,

2/18/27

...

2,990

874

FW2657689.UP.FTS.B

,

30

.56

%

,

2/18/27

..

11,494

570

FW2656342.UP.FTS.B

,

30

.71

%

,

2/18/27

..

759

763

FW2657094.UP.FTS.B

,

30

.81

%

,

2/18/27

..

4,623

326

FW2655259.UP.FTS.B

,

30

.9

%

,

2/18/27

...

3,753

3,790

FW2655652.UP.FTS.B

,

30

.92

%

,

2/18/27

..

23,873

23,862

FW2653746.UP.FTS.B

,

30

.93

%

,

2/18/27

..

1,577

1,592

FW2654823.UP.FTS.B

,

31

.05

%

,

2/18/27

..

1,819

1,822

FW2656038.UP.FTS.B

,

31

.06

%

,

2/18/27

..

1,054

1,064

FW2652957.UP.FTS.B

,

31

.1

%

,

2/18/27

...

873

880

FW2656050.UP.FTS.B

,

31

.14

%

,

2/18/27

..

1,730

1,747

FW2653443.UP.FTS.B

,

31

.19

%

,

2/18/27

..

11,283

11,367

FW2657050.UP.FTS.B

,

31

.21

%

,

2/18/27

..

3,110

2,990

FW2653784.UP.FTS.B

,

31

.22

%

,

2/18/27

..

2,166

2,147

FW2653299.UP.FTS.B

,

31

.23

%

,

2/18/27

..

3,237

3,269

FW2620309.UP.FTS.B

,

31

.31

%

,

2/18/27

..

13,018

13,145

FW2656784.UP.FTS.B

,

31

.34

%

,

2/18/27

..

2,933

459

FW2652650.UP.FTS.B

,

31

.46

%

,

2/18/27

..

3,781

3,810

FW2656739.UP.FTS.B

,

31

.47

%

,

2/18/27

..

2,126

325

L2656270.UP.FTS.B

,

28

.21

%

,

2/21/27

....

6,405

449

FW2656859.UP.FTS.B

,

17

.55

%

,

2/25/27

..

5,148

5,142

FW2655382.UP.FTS.B

,

29

.8

%

,

2/25/27

...

5,187

5,235

L2654519.UP.FTS.B

,

19

.08

%

,

2/26/27

....

25

25

L2782778.UP.FTS.B

,

5

.38

%

,

3/14/27

....

12,618

12,531

FW2779815.UP.FTS.B

,

5

.52

%

,

3/14/27

...

3,458

3,430

FW2785873.UP.FTS.B

,

5

.67

%

,

3/14/27

...

17,047

16,926

L2786047.UP.FTS.B

,

5

.71

%

,

3/14/27

....

3,170

3,147

FW2785225.UP.FTS.B

,

5

.78

%

,

3/14/27

...

12,370

12,282

L2785472.UP.FTS.B

,

5

.82

%

,

3/14/27

....

5,077

5,041

L2785533.UP.FTS.B

,

5

.87

%

,

3/14/27

....

7,415

7,364

FW2725624.UP.FTS.B

,

5

.92

%

,

3/14/27

...

31,681

31,464

L2782378.UP.FTS.B

,

5

.98

%

,

3/14/27

....

31,755

31,538

L2785586.UP.FTS.B

,

6

.13

%

,

3/14/27

....

35,015

2,581

L2785761.UP.FTS.B

,

6

.14

%

,

3/14/27

....

25,458

25,278

L2788888.UP.FTS.B

,

6

.14

%

,

3/14/27

....

5,929

5,887

L2781494.UP.FTS.B

,

6

.32

%

,

3/14/27

....

7,507

7,456

L2783749.UP.FTS.B

,

6

.39

%

,

3/14/27

....

4,393

4,360

L2786287.UP.FTS.B

,

6

.48

%

,

3/14/27

....

946

938

L2789358.UP.FTS.B

,

6

.49

%

,

3/14/27

....

31,793

31,575

L2789856.UP.FTS.B

,

6

.67

%

,

3/14/27

....

5,820

5,779

L2786197.UP.FTS.B

,

6

.8

%

,

3/14/27

.....

4,010

3,982

L2776276.UP.FTS.B

,

6

.89

%

,

3/14/27

....

15,413

15,306

L2785513.UP.FTS.B

,

6

.9

%

,

3/14/27

.....

10,319

10,246

L2781885.UP.FTS.B

,

7

.11

%

,

3/14/27

.....

12,241

12,158

L2783455.UP.FTS.B

,

7

.28

%

,

3/14/27

....

26,177

25,994

L2784258.UP.FTS.B

,

7

.29

%

,

3/14/27

....

6,404

6,360

L2781599.UP.FTS.B

,

7

.38

%

,

3/14/27

....

3,476

3,452

L2784013.UP.FTS.B

,

7

.38

%

,

3/14/27

....

12,693

12,611

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

106

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2784023.UP.FTS.B

,

7

.45

%

,

3/14/27

...

$

24,283

$

24,113

L2783926.UP.FTS.B

,

7

.49

%

,

3/14/27

....

11,792

11,709

L2781938.UP.FTS.B

,

7

.6

%

,

3/14/27

.....

32,250

32,025

FW2780236.UP.FTS.B

,

7

.69

%

,

3/14/27

...

22,593

22,440

FW2788438.UP.FTS.B

,

7

.69

%

,

3/14/27

...

1,420

1,410

L2788290.UP.FTS.B

,

7

.73

%

,

3/14/27

....

6,156

6,115

L2781769.UP.FTS.B

,

7

.86

%

,

3/14/27

....

13,744

13,659

L2784113.UP.FTS.B

,

7

.9

%

,

3/14/27

......

7,114

7,066

L2769930.UP.FTS.B

,

7

.96

%

,

3/14/27

....

20,058

19,922

FW2784974.UP.FTS.B

,

8

.13

%

,

3/14/27

...

30,247

30,043

L2780083.UP.FTS.B

,

8

.23

%

,

3/14/27

....

29,131

28,951

FW2781791.UP.FTS.B

,

8

.25

%

,

3/14/27

...

19,893

19,770

L2789155.UP.FTS.B

,

8

.26

%

,

3/14/27

....

16,221

16,112

L2780176.UP.FTS.B

,

8

.31

%

,

3/14/27

....

32,453

32,235

L2764977.UP.FTS.B

,

8

.36

%

,

3/14/27

....

7,013

6,965

L2779428.UP.FTS.B

,

8

.36

%

,

3/14/27

....

6,819

6,773

L2784617.UP.FTS.B

,

8

.41

%

,

3/14/27

....

13,838

13,745

L2782254.UP.FTS.B

,

8

.42

%

,

3/14/27

....

5,198

5,162

L2782003.UP.FTS.B

,

8

.5

%

,

3/14/27

.....

14,883

14,791

L2787246.UP.FTS.B

,

8

.5

%

,

3/14/27

.....

1,625

1,614

L2784591.UP.FTS.B

,

8

.72

%

,

3/14/27

....

32,574

32,355

FW2780109.UP.FTS.B

,

8

.73

%

,

3/14/27

...

9,760

9,701

L2789064.UP.FTS.B

,

8

.75

%

,

3/14/27

....

12,933

12,847

L2789316.UP.FTS.B

,

8

.8

%

,

3/14/27

.....

32,590

32,371

L2786540.UP.FTS.B

,

8

.81

%

,

3/14/27

....

3,520

3,497

FW2782565.UP.FTS.B

,

8

.84

%

,

3/14/27

...

9,782

9,717

L2783739.UP.FTS.B

,

8

.99

%

,

3/14/27

....

5,576

5,542

L2785284.UP.FTS.B

,

9

.11

%

,

3/14/27

.....

3,530

3,506

L2785081.UP.FTS.B

,

9

.13

%

,

3/14/27

....

11,506

11,429

L2780310.UP.FTS.B

,

9

.24

%

,

3/14/27

....

11,779

11,701

L2782105.UP.FTS.B

,

9

.39

%

,

3/14/27

....

32,766

32,548

L2780047.UP.FTS.B

,

9

.4

%

,

3/14/27

.....

17,481

17,376

L2780296.UP.FTS.B

,

9

.41

%

,

3/14/27

....

21,102

20,962

FW2782447.UP.FTS.B

,

9

.67

%

,

3/14/27

...

14,452

14,356

L2784348.UP.FTS.B

,

9

.7

%

,

3/14/27

.....

5,490

5,457

FW2783021.UP.FTS.B

,

9

.72

%

,

3/14/27

...

8,478

8,421

L2780798.UP.FTS.B

,

9

.77

%

,

3/14/27

....

5,917

5,878

L2784962.UP.FTS.B

,

9

.82

%

,

3/14/27

....

19,711

19,592

L2788004.UP.FTS.B

,

9

.9

%

,

3/14/27

.....

13,165

13,078

FW2780201.UP.FTS.B

,

9

.94

%

,

3/14/27

...

24,830

24,666

FW2783844.UP.FTS.B

,

10

%

,

3/14/27

....

3,295

3,273

L2781395.UP.FTS.B

,

10

.07

%

,

3/14/27

....

17,866

17,754

L2789352.UP.FTS.B

,

10

.18

%

,

3/14/27

....

8,577

8,523

L2785217.UP.FTS.B

,

10

.21

%

,

3/14/27

....

18,600

18,503

FW2779711.UP.FTS.B

,

10

.28

%

,

3/14/27

..

16,948

16,798

FW2780436.UP.FTS.B

,

10

.28

%

,

3/14/27

..

3,896

3,871

L2784387.UP.FTS.B

,

10

.32

%

,

3/14/27

....

17,440

17,331

L2785592.UP.FTS.B

,

10

.32

%

,

3/14/27

....

11,231

11,161

L2782038.UP.FTS.B

,

10

.33

%

,

3/14/27

....

33,030

32,812

FW2781353.UP.FTS.B

,

10

.54

%

,

3/14/27

..

21,180

21,040

FW2781880.UP.FTS.B

,

10

.6

%

,

3/14/27

...

13,907

13,820

L2780112.UP.FTS.B

,

10

.7

%

,

3/14/27

.....

6,622

6,588

L2784328.UP.FTS.B

,

10

.71

%

,

3/14/27

....

29,554

27,876

FW2780382.UP.FTS.B

,

10

.8

%

,

3/14/27

...

3,582

3,560

FW2784241.UP.FTS.B

,

10

.82

%

,

3/14/27

..

6,793

6,754

FW2783122.UP.FTS.B

,

10

.84

%

,

3/14/27

..

2,654

2,637

L2785568.UP.FTS.B

,

10

.89

%

,

3/14/27

....

7,102

7,058

L2785551.UP.FTS.B

,

10

.91

%

,

3/14/27

....

7,769

7,720

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2781725.UP.FTS.B

,

11

.04

%

,

3/14/27

..

$

7,898

$

7,856

FW2786689.UP.FTS.B

,

11

.07

%

,

3/14/27

..

2,194

2,181

L2787329.UP.FTS.B

,

11

.09

%

,

3/14/27

....

2,327

2,313

L2786414.UP.FTS.B

,

11

.1

%

,

3/14/27

.....

4,323

4,296

L2785769.UP.FTS.B

,

11

.11

%

,

3/14/27

....

10,677

10,612

L2780313.UP.FTS.B

,

11

.15

%

,

3/14/27

....

33,268

33,061

FW2790608.UP.FTS.B

,

11

.2

%

,

3/14/27

...

4,975

4,949

L2786841.UP.FTS.B

,

11

.25

%

,

3/14/27

....

6,659

6,617

FW2784513.UP.FTS.B

,

11

.29

%

,

3/14/27

..

17,997

17,818

FW2783670.UP.FTS.B

,

11

.3

%

,

3/14/27

...

6,665

6,624

FW2787754.UP.FTS.B

,

11

.35

%

,

3/14/27

..

13,978

13,906

L2780596.UP.FTS.B

,

11

.42

%

,

3/14/27

....

8,176

8,130

L2785637.UP.FTS.B

,

11

.46

%

,

3/14/27

....

4,669

4,640

L2785144.UP.FTS.B

,

11

.47

%

,

3/14/27

....

6,669

6,628

L2784105.UP.FTS.B

,

11

.55

%

,

3/14/27

....

10,013

9,951

FW2782127.UP.FTS.B

,

11

.62

%

,

3/14/27

..

7,682

7,635

L2782114.UP.FTS.B

,

11

.62

%

,

3/14/27

....

4,676

4,647

L2787996.UP.FTS.B

,

11

.64

%

,

3/14/27

....

10,356

10,288

L2789734.UP.FTS.B

,

11

.68

%

,

3/14/27

....

11,508

11,432

L2785328.UP.FTS.B

,

11

.77

%

,

3/14/27

....

4,560

4,532

L2779976.UP.FTS.B

,

11

.78

%

,

3/14/27

....

4,281

4,253

L2781320.UP.FTS.B

,

11

.83

%

,

3/14/27

....

20,208

20,084

L2782425.UP.FTS.B

,

11

.95

%

,

3/14/27

....

5,032

5,001

L2784459.UP.FTS.B

,

12

.04

%

,

3/14/27

....

4,960

4,930

L2784249.UP.FTS.B

,

12

.05

%

,

3/14/27

....

23,431

23,310

L2779695.UP.FTS.B

,

12

.07

%

,

3/14/27

....

16,092

15,993

L2786241.UP.FTS.B

,

12

.07

%

,

3/14/27

....

16,762

16,659

L2781389.UP.FTS.B

,

12

.12

%

,

3/14/27

....

13,415

13,333

L2785480.UP.FTS.B

,

12

.19

%

,

3/14/27

....

12,005

11,942

L2783293.UP.FTS.B

,

12

.24

%

,

3/14/27

....

10,071

10,009

L2781089.UP.FTS.B

,

12

.27

%

,

3/14/27

....

3,560

3,538

L2781183.UP.FTS.B

,

12

.35

%

,

3/14/27

....

24,289

24,142

FW2781045.UP.FTS.B

,

12

.41

%

,

3/14/27

..

4,969

4,944

L2785022.UP.FTS.B

,

12

.43

%

,

3/14/27

....

13,450

13,363

L2789283.UP.FTS.B

,

12

.43

%

,

3/14/27

....

13,770

13,700

L2783693.UP.FTS.B

,

12

.45

%

,

3/14/27

....

4,305

4,278

L2784664.UP.FTS.B

,

12

.45

%

,

3/14/27

....

7,265

7,220

L2782955.UP.FTS.B

,

12

.51

%

,

3/14/27

....

10,768

10,702

L2784478.UP.FTS.B

,

12

.55

%

,

3/14/27

....

2,572

2,548

L2781845.UP.FTS.B

,

12

.57

%

,

3/14/27

....

13,981

1,934

L2784205.UP.FTS.B

,

12

.6

%

,

3/14/27

....

8,082

8,033

L2782900.UP.FTS.B

,

12

.63

%

,

3/14/27

....

7,969

7,927

L2785749.UP.FTS.B

,

12

.65

%

,

3/14/27

....

10,106

10,044

FW2785256.UP.FTS.B

,

12

.69

%

,

3/14/27

..

32,236

32,049

FW2786124.UP.FTS.B

,

12

.69

%

,

3/14/27

..

6,404

6,365

L2784017.UP.FTS.B

,

12

.7

%

,

3/14/27

....

1,678

1,583

L2783427.UP.FTS.B

,

12

.77

%

,

3/14/27

....

4,991

1,280

L2779872.UP.FTS.B

,

12

.82

%

,

3/14/27

....

1,294

1,286

L2780197.UP.FTS.B

,

12

.84

%

,

3/14/27

....

10,122

10,060

FW2784873.UP.FTS.B

,

12

.88

%

,

3/14/27

..

10,247

10,186

FW2780429.UP.FTS.B

,

12

.96

%

,

3/14/27

..

4,306

4,284

L2757291.UP.FTS.B

,

12

.97

%

,

3/14/27

....

2,780

2,763

L2781348.UP.FTS.B

,

12

.98

%

,

3/14/27

....

10,405

10,341

L2789648.UP.FTS.B

,

12

.99

%

,

3/14/27

....

4,054

4,029

L2785427.UP.FTS.B

,

13

.01

%

,

3/14/27

....

1,678

1,669

L2786071.UP.FTS.B

,

13

.02

%

,

3/14/27

....

4,549

4,292

L2785265.UP.FTS.B

,

13

.07

%

,

3/14/27

....

2,907

2,890

L2789482.UP.FTS.B

,

13

.14

%

,

3/14/27

....

12,854

12,775

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

107

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2763346.UP.FTS.B

,

13

.17

%

,

3/14/27

....

$

528

$

38

L2781033.UP.FTS.B

,

13

.19

%

,

3/14/27

....

4,441

4,392

L2789300.UP.FTS.B

,

13

.2

%

,

3/14/27

....

8,755

8,710

L2783463.UP.FTS.B

,

13

.21

%

,

3/14/27

....

7,243

7,196

L2785549.UP.FTS.B

,

13

.25

%

,

3/14/27

....

4,529

4,505

L2785339.UP.FTS.B

,

13

.26

%

,

3/14/27

....

8,802

8,749

FW2787932.UP.FTS.B

,

13

.27

%

,

3/14/27

..

850

840

FW2775855.UP.FTS.B

,

13

.32

%

,

3/14/27

..

33,822

33,650

L2789460.UP.FTS.B

,

13

.33

%

,

3/14/27

....

12,219

12,145

L2762745.UP.FTS.B

,

13

.39

%

,

3/14/27

....

12,067

12,005

FW2785848.UP.FTS.B

,

13

.4

%

,

3/14/27

...

8,789

8,291

FW2787165.UP.FTS.B

,

13

.47

%

,

3/14/27

..

6,771

6,736

FW2789036.UP.FTS.B

,

13

.51

%

,

3/14/27

..

17,303

17,197

L2780870.UP.FTS.B

,

13

.52

%

,

3/14/27

....

2,826

2,811

L2785005.UP.FTS.B

,

13

.54

%

,

3/14/27

....

10,180

10,118

L2778983.UP.FTS.B

,

13

.58

%

,

3/14/27

....

6,517

6,477

FW2785775.UP.FTS.B

,

13

.59

%

,

3/14/27

..

16,079

15,996

L2785594.UP.FTS.B

,

13

.62

%

,

3/14/27

....

2,581

2,565

L2784118.UP.FTS.B

,

13

.78

%

,

3/14/27

....

16,375

16,286

L2785890.UP.FTS.B

,

13

.83

%

,

3/14/27

....

9,919

814

L2782918.UP.FTS.B

,

13

.85

%

,

3/14/27

....

3,130

3,111

L2785818.UP.FTS.B

,

13

.87

%

,

3/14/27

....

4,696

4,668

FW2783338.UP.FTS.B

,

13

.88

%

,

3/14/27

..

10,902

10,836

L2780785.UP.FTS.B

,

13

.88

%

,

3/14/27

....

12,116

879

L2776854.UP.FTS.B

,

13

.89

%

,

3/14/27

....

17,103

17,002

L2780968.UP.FTS.B

,

13

.89

%

,

3/14/27

....

5,084

5,057

L2787639.UP.FTS.B

,

13

.93

%

,

3/14/27

....

4,384

4,360

FW2781533.UP.FTS.B

,

13

.96

%

,

3/14/27

..

17,366

17,260

L2785675.UP.FTS.B

,

14

.06

%

,

3/14/27

....

4,726

4,701

L2780420.UP.FTS.B

,

14

.17

%

,

3/14/27

....

8,138

8,096

FW2784641.UP.FTS.B

,

14

.18

%

,

3/14/27

..

10,757

10,700

FW2789366.UP.FTS.B

,

14

.19

%

,

3/14/27

..

34,115

33,908

L2783211.UP.FTS.B

,

14

.21

%

,

3/14/27

....

20,474

20,350

FW2788869.UP.FTS.B

,

14

.25

%

,

3/14/27

..

5,052

5,021

L2787570.UP.FTS.B

,

14

.25

%

,

3/14/27

....

2,422

2,406

FW2789260.UP.FTS.B

,

14

.31

%

,

3/14/27

..

14,548

14,460

L2783095.UP.FTS.B

,

14

.33

%

,

3/14/27

....

1,841

1,832

FW2785433.UP.FTS.B

,

14

.35

%

,

3/14/27

..

4,398

4,375

L2782210.UP.FTS.B

,

14

.35

%

,

3/14/27

....

3,416

3,396

FW2787191.UP.FTS.B

,

14

.4

%

,

3/14/27

...

21,238

20,039

FW2783492.UP.FTS.B

,

14

.41

%

,

3/14/27

..

10,253

10,191

FW2790249.UP.FTS.B

,

14

.41

%

,

3/14/27

..

5,012

4,985

FW2784749.UP.FTS.B

,

14

.42

%

,

3/14/27

..

8,818

8,765

L2782049.UP.FTS.B

,

14

.43

%

,

3/14/27

....

9,661

9,603

L2783057.UP.FTS.B

,

14

.44

%

,

3/14/27

....

17,912

17,811

L2782438.UP.FTS.B

,

14

.45

%

,

3/14/27

....

605

600

L2780531.UP.FTS.B

,

14

.47

%

,

3/14/27

....

33,914

33,737

L2784886.UP.FTS.B

,

14

.47

%

,

3/14/27

....

7,521

7,476

L2779895.UP.FTS.B

,

14

.52

%

,

3/14/27

....

9,578

9,520

FW2780644.UP.FTS.B

,

14

.57

%

,

3/14/27

..

1,787

460

L2787542.UP.FTS.B

,

14

.57

%

,

3/14/27

....

6,981

6,942

FW2783925.UP.FTS.B

,

14

.6

%

,

3/14/27

...

7,873

7,826

L2785260.UP.FTS.B

,

14

.63

%

,

3/14/27

....

18,079

17,969

L2779917.UP.FTS.B

,

14

.65

%

,

3/14/27

....

7,190

7,147

FW2790537.UP.FTS.B

,

14

.66

%

,

3/14/27

..

17,122

17,018

FW2787310.UP.FTS.B

,

14

.7

%

,

3/14/27

...

682

679

L2785114.UP.FTS.B

,

14

.72

%

,

3/14/27

....

8,228

8,178

L2785570.UP.FTS.B

,

14

.73

%

,

3/14/27

....

27,412

27,246

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2785300.UP.FTS.B

,

14

.74

%

,

3/14/27

..

$

34,266

$

34,059

L2784692.UP.FTS.B

,

14

.74

%

,

3/14/27

....

4,797

4,768

L2781163.UP.FTS.B

,

14

.78

%

,

3/14/27

....

5,532

5,503

L2783852.UP.FTS.B

,

14

.83

%

,

3/14/27

....

4,082

4,061

L2788260.UP.FTS.B

,

14

.88

%

,

3/14/27

....

2,950

2,932

L2788586.UP.FTS.B

,

14

.9

%

,

3/14/27

....

1,915

131

L2784500.UP.FTS.B

,

14

.95

%

,

3/14/27

....

3,681

3,662

L2790437.UP.FTS.B

,

14

.98

%

,

3/14/27

....

17,166

17,062

FW2783542.UP.FTS.B

,

14

.99

%

,

3/14/27

..

22,662

22,526

L2786162.UP.FTS.B

,

15

.01

%

,

3/14/27

....

20,605

20,481

L2785803.UP.FTS.B

,

15

.06

%

,

3/14/27

....

4,809

4,780

L2787981.UP.FTS.B

,

15

.07

%

,

3/14/27

....

1,279

1,270

L2790024.UP.FTS.B

,

15

.07

%

,

3/14/27

....

1,366

1,359

L2788608.UP.FTS.B

,

15

.09

%

,

3/14/27

....

4,028

178

L2789351.UP.FTS.B

,

15

.12

%

,

3/14/27

....

10,311

10,249

FW2779319.UP.FTS.B

,

15

.17

%

,

3/14/27

..

1,307

1,300

FW2783642.UP.FTS.B

,

15

.18

%

,

3/14/27

..

2,270

2,256

L2785487.UP.FTS.B

,

15

.19

%

,

3/14/27

....

27,513

27,348

L2781288.UP.FTS.B

,

15

.2

%

,

3/14/27

....

2,064

2,051

L2787335.UP.FTS.B

,

15

.22

%

,

3/14/27

....

2,202

2,189

L2782134.UP.FTS.B

,

15

.23

%

,

3/14/27

....

8,119

8,075

L2782707.UP.FTS.B

,

15

.34

%

,

3/14/27

....

30,623

29,730

L2786073.UP.FTS.B

,

15

.34

%

,

3/14/27

....

29,267

29,092

L2782112.UP.FTS.B

,

15

.35

%

,

3/14/27

....

456

452

FW2788688.UP.FTS.B

,

15

.38

%

,

3/14/27

..

7,464

7,420

L2781912.UP.FTS.B

,

15

.44

%

,

3/14/27

....

5,907

5,577

FW2783726.UP.FTS.B

,

15

.47

%

,

3/14/27

..

5,926

5,894

L2782475.UP.FTS.B

,

15

.49

%

,

3/14/27

....

7,532

7,491

L2787379.UP.FTS.B

,

15

.51

%

,

3/14/27

....

11,103

11,043

L2780102.UP.FTS.B

,

15

.53

%

,

3/14/27

....

9,519

9,461

L2752868.UP.FTS.B

,

15

.54

%

,

3/14/27

....

16,482

714

L2785752.UP.FTS.B

,

15

.55

%

,

3/14/27

....

8,607

8,575

FW2785292.UP.FTS.B

,

15

.63

%

,

3/14/27

..

3,030

434

FW2781102.UP.FTS.B

,

15

.67

%

,

3/14/27

..

18,487

18,418

L2779187.UP.FTS.B

,

15

.67

%

,

3/14/27

....

22,027

21,909

FW2780435.UP.FTS.B

,

15

.71

%

,

3/14/27

..

3,730

3,708

L2782787.UP.FTS.B

,

15

.71

%

,

3/14/27

....

16,757

2,319

L2787103.UP.FTS.B

,

15

.71

%

,

3/14/27

....

25,830

25,676

FW2780573.UP.FTS.B

,

15

.72

%

,

3/14/27

..

6,085

841

FW2785320.UP.FTS.B

,

15

.73

%

,

3/14/27

..

2,763

2,747

L2788269.UP.FTS.B

,

15

.76

%

,

3/14/27

....

3,662

3,640

L2785537.UP.FTS.B

,

15

.78

%

,

3/14/27

....

2,328

2,319

L2780255.UP.FTS.B

,

15

.79

%

,

3/14/27

....

29,656

29,504

L2781597.UP.FTS.B

,

15

.79

%

,

3/14/27

....

18,591

18,480

L2788017.UP.FTS.B

,

15

.83

%

,

3/14/27

....

3,941

3,920

L2786790.UP.FTS.B

,

15

.86

%

,

3/14/27

....

3,734

3,712

L2785504.UP.FTS.B

,

15

.88

%

,

3/14/27

....

1,714

1,708

FW2720638.UP.FTS.B

,

15

.89

%

,

3/14/27

..

14,279

13,511

FW2782452.UP.FTS.B

,

15

.89

%

,

3/14/27

..

6,919

6,878

L2779778.UP.FTS.B

,

15

.94

%

,

3/14/27

....

11,764

11,701

L2782963.UP.FTS.B

,

15

.98

%

,

3/14/27

....

5,537

5,508

L2789937.UP.FTS.B

,

15

.99

%

,

3/14/27

....

3,348

3,325

L2790390.UP.FTS.B

,

15

.99

%

,

3/14/27

....

2,769

2,752

L2780035.UP.FTS.B

,

16

.03

%

,

3/14/27

....

3,832

3,812

L2781166.UP.FTS.B

,

16

.07

%

,

3/14/27

....

7,411

7,371

L2782280.UP.FTS.B

,

16

.08

%

,

3/14/27

....

9,395

9,340

L2779021.UP.FTS.B

,

16

.32

%

,

3/14/27

....

4,965

4,696

L2783945.UP.FTS.B

,

16

.32

%

,

3/14/27

....

7,165

6,761

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

108

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2784177.UP.FTS.B

,

16

.34

%

,

3/14/27

....

$

4,442

$

4,418

L2781334.UP.FTS.B

,

16

.44

%

,

3/14/27

....

7,221

1,949

L2785542.UP.FTS.B

,

16

.46

%

,

3/14/27

....

4,067

170

FW2787232.UP.FTS.B

,

16

.47

%

,

3/14/27

..

2,432

2,418

L2788530.UP.FTS.B

,

16

.48

%

,

3/14/27

....

17,387

17,295

L2781937.UP.FTS.B

,

16

.51

%

,

3/14/27

....

8,385

7,920

L2785787.UP.FTS.B

,

16

.51

%

,

3/14/27

....

3,366

3,349

L2781470.UP.FTS.B

,

16

.53

%

,

3/14/27

....

7,809

7,766

L2782699.UP.FTS.B

,

16

.54

%

,

3/14/27

....

19,465

19,344

L2788921.UP.FTS.B

,

16

.56

%

,

3/14/27

....

5,842

5,807

L2784909.UP.FTS.B

,

16

.61

%

,

3/14/27

....

3,030

3,018

L2781123.UP.FTS.B

,

16

.65

%

,

3/14/27

....

6,935

6,900

FW2786140.UP.FTS.B

,

16

.66

%

,

3/14/27

..

1,956

1,937

FW2788768.UP.FTS.B

,

16

.66

%

,

3/14/27

..

14,577

13,750

L2781826.UP.FTS.B

,

16

.66

%

,

3/14/27

....

1,670

1,660

L2785121.UP.FTS.B

,

16

.67

%

,

3/14/27

....

19,367

18,326

L2786003.UP.FTS.B

,

16

.71

%

,

3/14/27

....

2,425

655

L2782816.UP.FTS.B

,

16

.73

%

,

3/14/27

....

4,995

360

FW2785133.UP.FTS.B

,

16

.75

%

,

3/14/27

..

14,587

13,759

L2786728.UP.FTS.B

,

16

.78

%

,

3/14/27

....

6,964

6,927

FW2782269.UP.FTS.B

,

16

.79

%

,

3/14/27

..

2,968

2,953

L2783630.UP.FTS.B

,

16

.79

%

,

3/14/27

....

19,157

19,055

L2790588.UP.FTS.B

,

16

.81

%

,

3/14/27

....

2,786

2,770

FW2790218.UP.FTS.B

,

16

.82

%

,

3/14/27

..

2,438

2,424

FW2787453.UP.FTS.B

,

16

.84

%

,

3/14/27

..

4,460

4,433

L2781471.UP.FTS.B

,

16

.84

%

,

3/14/27

....

762

758

L2790374.UP.FTS.B

,

16

.87

%

,

3/14/27

....

5,506

5,477

L2780924.UP.FTS.B

,

16

.96

%

,

3/14/27

....

4,836

4,816

L2783856.UP.FTS.B

,

16

.96

%

,

3/14/27

....

2,721

2,707

L2783224.UP.FTS.B

,

16

.97

%

,

3/14/27

....

2,539

2,519

L2781842.UP.FTS.B

,

17

.01

%

,

3/14/27

....

5,233

5,205

FW2779871.UP.FTS.B

,

17

.03

%

,

3/14/27

..

11,158

11,099

FW2781271.UP.FTS.B

,

17

.06

%

,

3/14/27

..

5,305

5,277

L2787213.UP.FTS.B

,

17

.06

%

,

3/14/27

....

32,737

30,880

L2782031.UP.FTS.B

,

17

.07

%

,

3/14/27

....

11,810

857

L2780352.UP.FTS.B

,

17

.09

%

,

3/14/27

....

6,983

6,946

FW2780002.UP.FTS.B

,

17

.17

%

,

3/14/27

..

2,100

2,089

L2788261.UP.FTS.B

,

17

.17

%

,

3/14/27

....

908

903

FW2779719.UP.FTS.B

,

17

.2

%

,

3/14/27

...

4,542

4,518

L2785657.UP.FTS.B

,

17

.24

%

,

3/14/27

....

3,076

3,059

FW2785239.UP.FTS.B

,

17

.27

%

,

3/14/27

..

1,998

1,988

L2785928.UP.FTS.B

,

17

.3

%

,

3/14/27

....

34,309

34,166

L2781008.UP.FTS.B

,

17

.34

%

,

3/14/27

....

5,709

431

L2783179.UP.FTS.B

,

17

.39

%

,

3/14/27

....

6,298

6,263

L2780286.UP.FTS.B

,

17

.43

%

,

3/14/27

....

13,299

13,228

L2785862.UP.FTS.B

,

17

.44

%

,

3/14/27

....

28,000

27,835

L2790752.UP.FTS.B

,

17

.44

%

,

3/14/27

....

3,233

876

FW2781874.UP.FTS.B

,

17

.45

%

,

3/14/27

..

700

697

L2780295.UP.FTS.B

,

17

.55

%

,

3/14/27

....

3,785

3,765

L2789286.UP.FTS.B

,

17

.58

%

,

3/14/27

....

6,351

6,318

FW2780850.UP.FTS.B

,

17

.6

%

,

3/14/27

...

10,514

10,458

FW2783200.UP.FTS.B

,

17

.6

%

,

3/14/27

...

9,816

9,778

L2780580.UP.FTS.B

,

17

.7

%

,

3/14/27

....

2,508

2,372

L2785162.UP.FTS.B

,

17

.72

%

,

3/14/27

....

14,543

4,028

FW2783998.UP.FTS.B

,

17

.89

%

,

3/14/27

..

1,379

1,373

FW2784396.UP.FTS.B

,

17

.89

%

,

3/14/27

..

2,740

2,724

FW2779862.UP.FTS.B

,

17

.93

%

,

3/14/27

..

703

699

L2785495.UP.FTS.B

,

17

.96

%

,

3/14/27

....

2,601

2,587

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2783820.UP.FTS.B

,

17

.99

%

,

3/14/27

....

$

26,440

$

26,327

L2784843.UP.FTS.B

,

18

.02

%

,

3/14/27

....

8,786

8,285

FW2781007.UP.FTS.B

,

18

.03

%

,

3/14/27

..

6,949

6,922

L2780829.UP.FTS.B

,

18

.05

%

,

3/14/27

....

6,751

6,715

FW2781770.UP.FTS.B

,

18

.09

%

,

3/14/27

..

2,291

2,279

L2785717.UP.FTS.B

,

18

.12

%

,

3/14/27

....

11,259

11,197

FW2771881.UP.FTS.B

,

18

.18

%

,

3/14/27

..

3,520

3,500

FW2780394.UP.FTS.B

,

18

.18

%

,

3/14/27

..

6,691

6,654

L2781185.UP.FTS.B

,

18

.2

%

,

3/14/27

.....

2,911

808

L2762731.UP.FTS.B

,

18

.21

%

,

3/14/27

....

4,577

4,550

L2785773.UP.FTS.B

,

18

.25

%

,

3/14/27

....

9,510

9,460

L2786738.UP.FTS.B

,

18

.29

%

,

3/14/27

....

1,530

1,524

L2784355.UP.FTS.B

,

18

.3

%

,

3/14/27

....

2,184

2,173

L2781131.UP.FTS.B

,

18

.34

%

,

3/14/27

....

7,400

7,357

L2781333.UP.FTS.B

,

18

.4

%

,

3/14/27

....

12,488

11,832

L2789502.UP.FTS.B

,

18

.42

%

,

3/14/27

....

26,122

25,955

L2781963.UP.FTS.B

,

18

.43

%

,

3/14/27

....

7,688

7,646

L2789078.UP.FTS.B

,

18

.45

%

,

3/14/27

....

2,753

2,738

FW2786891.UP.FTS.B

,

18

.46

%

,

3/14/27

..

4,859

351

FW2788462.UP.FTS.B

,

18

.48

%

,

3/14/27

..

7,055

7,016

FW2780658.UP.FTS.B

,

18

.49

%

,

3/14/27

..

10,701

10,649

L2761321.UP.FTS.B

,

18

.5

%

,

3/14/27

....

1,979

1,968

L2779732.UP.FTS.B

,

18

.53

%

,

3/14/27

....

7,270

7,230

L2788795.UP.FTS.B

,

18

.58

%

,

3/14/27

....

7,062

7,092

L2785399.UP.FTS.B

,

18

.59

%

,

3/14/27

....

9,334

9,238

L2789629.UP.FTS.B

,

18

.6

%

,

3/14/27

....

3,884

3,862

L2780206.UP.FTS.B

,

18

.66

%

,

3/14/27

....

7,066

7,027

L2789624.UP.FTS.B

,

18

.67

%

,

3/14/27

....

11,306

11,246

FW2780229.UP.FTS.B

,

18

.68

%

,

3/14/27

..

1,874

273

FW2786391.UP.FTS.B

,

18

.72

%

,

3/14/27

..

5,701

5,672

L2783944.UP.FTS.B

,

18

.73

%

,

3/14/27

....

6,941

6,904

FW2784433.UP.FTS.B

,

18

.76

%

,

3/14/27

..

4,956

4,694

L2783654.UP.FTS.B

,

18

.81

%

,

3/14/27

....

9,227

9,181

L2784627.UP.FTS.B

,

18

.83

%

,

3/14/27

....

6,951

6,909

L2782107.UP.FTS.B

,

18

.88

%

,

3/14/27

....

7,785

7,742

L2782929.UP.FTS.B

,

18

.95

%

,

3/14/27

....

1,294

1,280

FW2787024.UP.FTS.B

,

19

%

,

3/14/27

....

35,418

35,222

L2784145.UP.FTS.B

,

19

.03

%

,

3/14/27

....

4,133

608

L2779673.UP.FTS.B

,

19

.08

%

,

3/14/27

....

4,607

4,582

L2789238.UP.FTS.B

,

19

.09

%

,

3/14/27

....

6,437

6,404

L2785730.UP.FTS.B

,

19

.13

%

,

3/14/27

....

17,745

17,643

FW2754559.UP.FTS.B

,

19

.14

%

,

3/14/27

..

17,728

17,634

FW2787713.UP.FTS.B

,

19

.15

%

,

3/14/27

..

5,963

5,926

FW2780787.UP.FTS.B

,

19

.16

%

,

3/14/27

..

9,929

9,874

FW2785207.UP.FTS.B

,

19

.16

%

,

3/14/27

..

19,316

1,391

L2783530.UP.FTS.B

,

19

.22

%

,

3/14/27

....

3,527

3,514

FW2779984.UP.FTS.B

,

19

.29

%

,

3/14/27

..

5,695

5,673

L2779286.UP.FTS.B

,

19

.31

%

,

3/14/27

....

4,260

4,237

L2780702.UP.FTS.B

,

19

.32

%

,

3/14/27

....

16,164

15,297

L2785478.UP.FTS.B

,

19

.34

%

,

3/14/27

....

35,512

35,316

FW2784356.UP.FTS.B

,

19

.36

%

,

3/14/27

..

9,511

281

L2788944.UP.FTS.B

,

19

.36

%

,

3/14/27

....

35,511

35,323

L2787510.UP.FTS.B

,

19

.38

%

,

3/14/27

....

15,730

14,899

L2780753.UP.FTS.B

,

19

.39

%

,

3/14/27

....

16,110

16,045

L2784108.UP.FTS.B

,

19

.4

%

,

3/14/27

....

15,241

15,162

FW2785518.UP.FTS.B

,

19

.46

%

,

3/14/27

..

12,586

409

L2784181.UP.FTS.B

,

19

.58

%

,

3/14/27

....

17,649

17,582

L2782824.UP.FTS.B

,

19

.61

%

,

3/14/27

....

7,756

7,714

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

109

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2785354.UP.FTS.B

,

19

.65

%

,

3/14/27

....

$

2,901

$

2,890

FW2780425.UP.FTS.B

,

19

.66

%

,

3/14/27

..

10,677

10,621

L2780913.UP.FTS.B

,

19

.68

%

,

3/14/27

....

4,557

4,533

L2787013.UP.FTS.B

,

19

.7

%

,

3/14/27

....

6,128

6,094

L2790185.UP.FTS.B

,

19

.71

%

,

3/14/27

....

8,198

8,157

L2789528.UP.FTS.B

,

19

.75

%

,

3/14/27

....

1,999

1,971

L2776323.UP.FTS.B

,

19

.76

%

,

3/14/27

....

11,341

11,297

L2789061.UP.FTS.B

,

19

.78

%

,

3/14/27

....

400

394

L2784343.UP.FTS.B

,

19

.81

%

,

3/14/27

....

3,563

3,544

L2780611.UP.FTS.B

,

19

.83

%

,

3/14/27

....

6,572

958

L2781737.UP.FTS.B

,

19

.91

%

,

3/14/27

....

3,552

3,539

L2782045.UP.FTS.B

,

19

.92

%

,

3/14/27

....

11,126

11,080

L2782730.UP.FTS.B

,

19

.94

%

,

3/14/27

....

7,133

7,094

L2784726.UP.FTS.B

,

19

.97

%

,

3/14/27

....

11,704

11,754

L2785429.UP.FTS.B

,

20

%

,

3/14/27

......

3,111

3,100

FW2785877.UP.FTS.B

,

20

.08

%

,

3/14/27

..

3,785

3,765

FW2787084.UP.FTS.B

,

20

.12

%

,

3/14/27

..

4,919

717

L2780471.UP.FTS.B

,

20

.16

%

,

3/14/27

....

4,287

4,264

L2785428.UP.FTS.B

,

20

.21

%

,

3/14/27

....

2,863

2,848

L2779074.UP.FTS.B

,

20

.27

%

,

3/14/27

....

4,245

4,143

L2782852.UP.FTS.B

,

20

.32

%

,

3/14/27

....

787

791

L2789071.UP.FTS.B

,

20

.34

%

,

3/14/27

....

11,981

866

L2781217.UP.FTS.B

,

20

.42

%

,

3/14/27

....

9,237

9,289

L2789118.UP.FTS.B

,

20

.49

%

,

3/14/27

....

10,914

10,338

FW2783065.UP.FTS.B

,

20

.52

%

,

3/14/27

..

3,307

942

L2788741.UP.FTS.B

,

20

.54

%

,

3/14/27

....

4,012

3,990

FW2784389.UP.FTS.B

,

20

.56

%

,

3/14/27

..

2,414

174

L2782942.UP.FTS.B

,

20

.56

%

,

3/14/27

....

7,596

7,554

L2784645.UP.FTS.B

,

20

.66

%

,

3/14/27

....

1,503

1,453

FW2785996.UP.FTS.B

,

20

.67

%

,

3/14/27

..

3,873

3,851

L2781794.UP.FTS.B

,

20

.69

%

,

3/14/27

....

9,630

9,577

FW2781564.UP.FTS.B

,

20

.75

%

,

3/14/27

..

2,265

2,254

FW2785244.UP.FTS.B

,

20

.75

%

,

3/14/27

..

5,444

5,425

L2785821.UP.FTS.B

,

20

.75

%

,

3/14/27

....

3,157

3,140

FW2785451.UP.FTS.B

,

20

.8

%

,

3/14/27

...

19,628

19,528

FW2780653.UP.FTS.B

,

20

.84

%

,

3/14/27

..

7,798

7,768

L2786023.UP.FTS.B

,

20

.84

%

,

3/14/27

....

5,027

5,048

L2786517.UP.FTS.B

,

20

.9

%

,

3/14/27

....

11,558

11,497

L2790205.UP.FTS.B

,

20

.92

%

,

3/14/27

....

1,221

1,215

L2784917.UP.FTS.B

,

20

.96

%

,

3/14/27

....

25,154

25,016

L2780447.UP.FTS.B

,

21

.03

%

,

3/14/27

....

2,690

2,678

FW2783376.UP.FTS.B

,

21

.04

%

,

3/14/27

..

2,846

2,827

L2762778.UP.FTS.B

,

21

.15

%

,

3/14/27

....

4,318

4,294

L2783728.UP.FTS.B

,

21

.18

%

,

3/14/27

....

2,375

2,362

L2778435.UP.FTS.B

,

21

.2

%

,

3/14/27

....

1,690

247

FW2783359.UP.FTS.B

,

21

.23

%

,

3/14/27

..

12,241

12,174

FW2780777.UP.FTS.B

,

21

.29

%

,

3/14/27

..

2,364

2,355

L2780757.UP.FTS.B

,

21

.34

%

,

3/14/27

....

1,225

1,230

L2785878.UP.FTS.B

,

21

.36

%

,

3/14/27

....

1,081

1,086

FW2781871.UP.FTS.B

,

21

.39

%

,

3/14/27

..

8,223

2,303

L2783471.UP.FTS.B

,

21

.41

%

,

3/14/27

....

7,247

7,209

L2784388.UP.FTS.B

,

21

.47

%

,

3/14/27

....

3,068

3,043

L2784444.UP.FTS.B

,

21

.47

%

,

3/14/27

....

3,240

3,068

L2789869.UP.FTS.B

,

21

.53

%

,

3/14/27

....

5,557

5,580

FW2786256.UP.FTS.B

,

21

.58

%

,

3/14/27

..

6,010

5,983

L2782008.UP.FTS.B

,

21

.58

%

,

3/14/27

....

1,252

1,199

L2790163.UP.FTS.B

,

21

.62

%

,

3/14/27

....

1,875

1,857

L2784140.UP.FTS.B

,

21

.67

%

,

3/14/27

....

8,696

8,735

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2782992.UP.FTS.B

,

21

.68

%

,

3/14/27

....

$

14,448

$

14,369

FW2783166.UP.FTS.B

,

21

.74

%

,

3/14/27

..

492

489

L2788222.UP.FTS.B

,

21

.74

%

,

3/14/27

....

9,615

691

L2790540.UP.FTS.B

,

21

.79

%

,

3/14/27

....

8,677

8,713

L2785656.UP.FTS.B

,

21

.86

%

,

3/14/27

....

7,088

7,118

FW2782801.UP.FTS.B

,

21

.92

%

,

3/14/27

..

3,892

3,917

L2782578.UP.FTS.B

,

21

.93

%

,

3/14/27

....

7,795

2,187

L2787728.UP.FTS.B

,

21

.93

%

,

3/14/27

....

15,775

15,842

FW2780135.UP.FTS.B

,

21

.97

%

,

3/14/27

..

7,896

7,930

L2784561.UP.FTS.B

,

22

.05

%

,

3/14/27

....

6,740

6,767

FW2785552.UP.FTS.B

,

22

.13

%

,

3/14/27

..

6,356

6,324

L2783252.UP.FTS.B

,

22

.19

%

,

3/14/27

....

3,407

245

L2785618.UP.FTS.B

,

22

.23

%

,

3/14/27

....

16,534

16,604

L2783657.UP.FTS.B

,

22

.26

%

,

3/14/27

....

7,906

7,862

L2785258.UP.FTS.B

,

22

.27

%

,

3/14/27

....

20,384

20,470

L2780882.UP.FTS.B

,

22

.29

%

,

3/14/27

....

6,675

6,703

L2784609.UP.FTS.B

,

22

.31

%

,

3/14/27

....

4,651

4,627

L2780097.UP.FTS.B

,

22

.4

%

,

3/14/27

....

4,185

4,211

L2781968.UP.FTS.B

,

22

.4

%

,

3/14/27

....

7,261

7,292

L2780470.UP.FTS.B

,

22

.46

%

,

3/14/27

....

3,661

3,679

L2784446.UP.FTS.B

,

22

.46

%

,

3/14/27

....

3,236

3,220

L2780797.UP.FTS.B

,

22

.54

%

,

3/14/27

....

4,844

350

L2786010.UP.FTS.B

,

22

.55

%

,

3/14/27

....

15,953

15,878

FW2790759.UP.FTS.B

,

22

.58

%

,

3/14/27

..

7,054

7,084

L2787644.UP.FTS.B

,

22

.58

%

,

3/14/27

....

15,995

15,911

FW2784227.UP.FTS.B

,

22

.62

%

,

3/14/27

..

2,779

2,792

FW2784685.UP.FTS.B

,

22

.67

%

,

3/14/27

..

1,710

1,709

FW2777044.UP.FTS.B

,

22

.81

%

,

3/14/27

..

1,985

1,966

L2781656.UP.FTS.B

,

22

.82

%

,

3/14/27

....

3,930

3,908

L2785473.UP.FTS.B

,

22

.94

%

,

3/14/27

....

7,208

7,249

FW2782255.UP.FTS.B

,

22

.97

%

,

3/14/27

..

6,923

6,953

FW2787840.UP.FTS.B

,

22

.97

%

,

3/14/27

..

1,734

1,725

L2785540.UP.FTS.B

,

22

.99

%

,

3/14/27

....

3,336

3,192

FW2784934.UP.FTS.B

,

23

%

,

3/14/27

....

15,457

15,523

L2779888.UP.FTS.B

,

23

%

,

3/14/27

......

7,801

7,834

L2787316.UP.FTS.B

,

23

.04

%

,

3/14/27

....

13,073

3,758

L2780183.UP.FTS.B

,

23

.06

%

,

3/14/27

....

5,829

5,862

L2784662.UP.FTS.B

,

23

.09

%

,

3/14/27

....

3,575

3,590

L2761841.UP.FTS.B

,

23

.22

%

,

3/14/27

....

7,302

7,264

L2784336.UP.FTS.B

,

23

.23

%

,

3/14/27

....

8,763

8,800

L2784879.UP.FTS.B

,

23

.27

%

,

3/14/27

....

20,604

20,692

L2760019.UP.FTS.B

,

23

.32

%

,

3/14/27

....

1,865

1,766

L2782223.UP.FTS.B

,

23

.37

%

,

3/14/27

....

5,482

5,452

FW2784660.UP.FTS.B

,

23

.39

%

,

3/14/27

..

9,305

9,346

L2782909.UP.FTS.B

,

23

.52

%

,

3/14/27

....

3,225

3,238

L2785861.UP.FTS.B

,

23

.55

%

,

3/14/27

....

1,299

1,294

L2781260.UP.FTS.B

,

23

.57

%

,

3/14/27

....

1,949

1,938

FW2784430.UP.FTS.B

,

23

.6

%

,

3/14/27

...

5,565

5,534

L2785160.UP.FTS.B

,

23

.61

%

,

3/14/27

....

3,196

3,183

FW2780693.UP.FTS.B

,

23

.64

%

,

3/14/27

..

1,244

1,249

L2780981.UP.FTS.B

,

23

.73

%

,

3/14/27

....

1,832

1,840

FW2782598.UP.FTS.B

,

23

.76

%

,

3/14/27

..

3,225

3,239

FW2779943.UP.FTS.B

,

23

.77

%

,

3/14/27

..

3,017

2,985

L2777367.UP.FTS.B

,

23

.84

%

,

3/14/27

....

6,381

6,408

L2787821.UP.FTS.B

,

23

.85

%

,

3/14/27

....

2,227

2,201

L2782820.UP.FTS.B

,

23

.87

%

,

3/14/27

....

958

961

L2780834.UP.FTS.B

,

23

.88

%

,

3/14/27

....

3,324

959

L2755133.UP.FTS.B

,

23

.9

%

,

3/14/27

....

7,999

8,033

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

110

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2782516.UP.FTS.B

,

23

.94

%

,

3/14/27

....

$

5,504

$

5,474

FW2782245.UP.FTS.B

,

23

.97

%

,

3/14/27

..

2,790

2,801

L2785033.UP.FTS.B

,

23

.98

%

,

3/14/27

....

2,203

2,212

L2785483.UP.FTS.B

,

24

.04

%

,

3/14/27

....

18,403

18,485

FW2783257.UP.FTS.B

,

24

.06

%

,

3/14/27

..

2,564

2,580

L2785916.UP.FTS.B

,

24

.17

%

,

3/14/27

....

7,938

7,972

FW2789810.UP.FTS.B

,

24

.24

%

,

3/14/27

..

1,477

1,484

L2777858.UP.FTS.B

,

24

.24

%

,

3/14/27

....

2,238

2,221

FW2786063.UP.FTS.B

,

24

.27

%

,

3/14/27

..

12,073

1,821

L2780844.UP.FTS.B

,

24

.29

%

,

3/14/27

....

1,203

86

FW2780840.UP.FTS.B

,

24

.31

%

,

3/14/27

..

24,111

6,924

FW2785302.UP.FTS.B

,

24

.36

%

,

3/14/27

..

5,931

5,682

L2782467.UP.FTS.B

,

24

.36

%

,

3/14/27

....

13,249

13,305

FW2784019.UP.FTS.B

,

24

.41

%

,

3/14/27

..

2,397

2,337

L2787675.UP.FTS.B

,

24

.41

%

,

3/14/27

....

2,429

2,416

L2780368.UP.FTS.B

,

24

.46

%

,

3/14/27

....

1,478

1,484

L2785189.UP.FTS.B

,

24

.51

%

,

3/14/27

....

25,344

25,452

L2780976.UP.FTS.B

,

24

.53

%

,

3/14/27

....

2,977

2,992

L2783176.UP.FTS.B

,

24

.55

%

,

3/14/27

....

3,791

3,632

FW2784794.UP.FTS.B

,

24

.59

%

,

3/14/27

..

2,950

2,962

L2789217.UP.FTS.B

,

24

.59

%

,

3/14/27

....

4,423

4,442

FW2786154.UP.FTS.B

,

24

.69

%

,

3/14/27

..

3,191

3,178

FW2784504.UP.FTS.B

,

24

.71

%

,

3/14/27

..

3,247

3,260

L2790168.UP.FTS.B

,

24

.71

%

,

3/14/27

....

2,037

2,018

L2763354.UP.FTS.B

,

24

.72

%

,

3/14/27

....

7,350

7,395

FW2789200.UP.FTS.B

,

24

.76

%

,

3/14/27

..

7,381

7,413

L2782914.UP.FTS.B

,

24

.81

%

,

3/14/27

....

4,001

4,024

FW2773993.UP.FTS.B

,

24

.86

%

,

3/14/27

..

8,886

8,838

L2782406.UP.FTS.B

,

24

.86

%

,

3/14/27

....

1,108

1,113

FW2785579.UP.FTS.B

,

24

.87

%

,

3/14/27

..

1,185

1,189

L2780171.UP.FTS.B

,

24

.87

%

,

3/14/27

....

543

536

L2780108.UP.FTS.B

,

24

.9

%

,

3/14/27

....

875

880

FW2789519.UP.FTS.B

,

24

.91

%

,

3/14/27

..

2,437

2,448

FW2787364.UP.FTS.B

,

24

.92

%

,

3/14/27

..

4,065

4,082

L2783320.UP.FTS.B

,

24

.93

%

,

3/14/27

....

1,480

1,486

L2789092.UP.FTS.B

,

24

.93

%

,

3/14/27

....

37,554

2,696

FW2781259.UP.FTS.B

,

24

.94

%

,

3/14/27

..

1,429

1,430

FW2786578.UP.FTS.B

,

24

.96

%

,

3/14/27

..

3,252

3,266

L2781584.UP.FTS.B

,

24

.97

%

,

3/14/27

....

1,378

1,318

FW2789180.UP.FTS.B

,

24

.98

%

,

3/14/27

..

3,177

3,194

FW2785281.UP.FTS.B

,

25

%

,

3/14/27

....

1,743

260

L2782686.UP.FTS.B

,

25

%

,

3/14/27

......

11,835

11,885

L2788674.UP.FTS.B

,

25

.02

%

,

3/14/27

....

847

810

L2762807.UP.FTS.B

,

25

.04

%

,

3/14/27

....

1,035

1,040

L2782211.UP.FTS.B

,

25

.12

%

,

3/14/27

....

3,006

3,024

FW2786218.UP.FTS.B

,

25

.14

%

,

3/14/27

..

5,993

6,018

L2781286.UP.FTS.B

,

25

.14

%

,

3/14/27

....

2,731

406

FW2779775.UP.FTS.B

,

25

.16

%

,

3/14/27

..

2,591

2,602

FW2780910.UP.FTS.B

,

25

.16

%

,

3/14/27

..

5,362

5,390

L2785652.UP.FTS.B

,

25

.17

%

,

3/14/27

....

6,832

1,966

FW2783634.UP.FTS.B

,

25

.18

%

,

3/14/27

..

5,820

5,853

FW2784381.UP.FTS.B

,

25

.18

%

,

3/14/27

..

1,364

1,363

FW2782493.UP.FTS.B

,

25

.19

%

,

3/14/27

..

1,631

1,638

L2783409.UP.FTS.B

,

25

.19

%

,

3/14/27

....

4,084

4,103

L2785715.UP.FTS.B

,

25

.22

%

,

3/14/27

....

1,109

1,116

L2785508.UP.FTS.B

,

25

.24

%

,

3/14/27

....

2,073

2,082

L2790763.UP.FTS.B

,

25

.24

%

,

3/14/27

....

37,474

37,663

L2783094.UP.FTS.B

,

25

.25

%

,

3/14/27

....

6,364

452

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2785846.UP.FTS.B

,

25

.26

%

,

3/14/27

....

$

9,998

$

10,040

L2782384.UP.FTS.B

,

25

.27

%

,

3/14/27

....

377

372

L2781929.UP.FTS.B

,

25

.3

%

,

3/14/27

....

1,238

1,245

L2785136.UP.FTS.B

,

25

.3

%

,

3/14/27

....

2,541

34

L2780766.UP.FTS.B

,

25

.31

%

,

3/14/27

....

15,308

2,229

L2781289.UP.FTS.B

,

25

.32

%

,

3/14/27

....

8,890

8,928

L2786994.UP.FTS.B

,

25

.32

%

,

3/14/27

....

3,484

3,499

L2789685.UP.FTS.B

,

25

.32

%

,

3/14/27

....

1,986

26

L2786111.UP.FTS.B

,

25

.33

%

,

3/14/27

....

816

819

L2783030.UP.FTS.B

,

25

.34

%

,

3/14/27

....

8,893

8,932

L2785122.UP.FTS.B

,

25

.34

%

,

3/14/27

....

1,260

1,265

L2779712.UP.FTS.B

,

25

.35

%

,

3/14/27

....

1,778

1,786

L2783282.UP.FTS.B

,

25

.35

%

,

3/14/27

....

1,175

1,182

L2758245.UP.FTS.B

,

25

.36

%

,

3/14/27

....

4,578

4,542

L2779717.UP.FTS.B

,

25

.38

%

,

3/14/27

....

1,186

1,191

L2786791.UP.FTS.B

,

25

.38

%

,

3/14/27

....

826

828

L2787407.UP.FTS.B

,

25

.38

%

,

3/14/27

....

2,668

2,680

L2780613.UP.FTS.B

,

25

.39

%

,

3/14/27

....

4,891

4,912

L2781090.UP.FTS.B

,

25

.39

%

,

3/14/27

....

1,264

1,269

L2780553.UP.FTS.B

,

25

.41

%

,

3/14/27

....

1,112

1,117

L2784514.UP.FTS.B

,

25

.41

%

,

3/14/27

....

1,038

1,042

FW2786974.UP.FTS.B

,

25

.42

%

,

3/14/27

..

2,447

2,457

L2782792.UP.FTS.B

,

25

.44

%

,

3/14/27

....

4,226

4,244

L2785196.UP.FTS.B

,

25

.44

%

,

3/14/27

....

2,112

611

L2789341.UP.FTS.B

,

25

.44

%

,

3/14/27

....

742

738

FW2781250.UP.FTS.B

,

25

.45

%

,

3/14/27

..

1,908

1,827

L2789729.UP.FTS.B

,

25

.45

%

,

3/14/27

....

890

894

L2775042.UP.FTS.B

,

25

.46

%

,

3/14/27

....

910

911

L2780947.UP.FTS.B

,

25

.46

%

,

3/14/27

....

10,012

10,054

L2781236.UP.FTS.B

,

25

.46

%

,

3/14/27

....

1,335

1,340

L2789403.UP.FTS.B

,

25

.46

%

,

3/14/27

....

756

724

L2783845.UP.FTS.B

,

25

.47

%

,

3/14/27

....

5,063

5,086

FW2783798.UP.FTS.B

,

25

.48

%

,

3/14/27

..

4,005

4,022

FW2785945.UP.FTS.B

,

25

.48

%

,

3/14/27

..

2,083

1,993

L2781099.UP.FTS.B

,

25

.49

%

,

3/14/27

....

1,483

1,490

L2783331.UP.FTS.B

,

25

.49

%

,

3/14/27

....

11,050

11,001

L2783689.UP.FTS.B

,

25

.5

%

,

3/14/27

....

7,276

7,315

L2787414.UP.FTS.B

,

25

.5

%

,

3/14/27

....

1,401

100

L2782131.UP.FTS.B

,

25

.51

%

,

3/14/27

....

13,056

13,111

L2783650.UP.FTS.B

,

25

.51

%

,

3/14/27

....

2,573

382

L2785441.UP.FTS.B

,

25

.51

%

,

3/14/27

....

2,819

2,831

L2788040.UP.FTS.B

,

25

.51

%

,

3/14/27

....

1

1

FW2785898.UP.FTS.B

,

25

.52

%

,

3/14/27

..

2,524

2,418

FW2786678.UP.FTS.B

,

25

.53

%

,

3/14/27

..

2,954

849

L2783570.UP.FTS.B

,

25

.53

%

,

3/14/27

....

2,977

2,853

L2784004.UP.FTS.B

,

25

.53

%

,

3/14/27

....

2,496

2,389

L2782017.UP.FTS.B

,

25

.54

%

,

3/14/27

....

1,553

1,547

FW2779787.UP.FTS.B

,

25

.55

%

,

3/14/27

..

9,652

9,693

L2785828.UP.FTS.B

,

25

.55

%

,

3/14/27

....

4,081

4,098

L2789121.UP.FTS.B

,

25

.56

%

,

3/14/27

....

2,478

2,491

FW2784612.UP.FTS.B

,

25

.59

%

,

3/14/27

..

32,936

31,498

FW2785182.UP.FTS.B

,

25

.6

%

,

3/14/27

...

25,680

25,789

FW2788301.UP.FTS.B

,

25

.6

%

,

3/14/27

...

4,080

4,097

L2779594.UP.FTS.B

,

25

.6

%

,

3/14/27

....

2,672

2,683

L2783555.UP.FTS.B

,

25

.63

%

,

3/14/27

....

2,364

2,372

L2781773.UP.FTS.B

,

25

.64

%

,

3/14/27

....

4,247

4,063

L2779605.UP.FTS.B

,

25

.67

%

,

3/14/27

....

1,262

1,268

FW2783690.UP.FTS.B

,

25

.69

%

,

3/14/27

..

7,980

8,025

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

111

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2787434.UP.FTS.B

,

25

.69

%

,

3/14/27

..

$

2,971

$

2,983

FW2779444.UP.FTS.B

,

25

.73

%

,

3/14/27

..

3,715

3,731

FW2787230.UP.FTS.B

,

25

.75

%

,

3/14/27

..

5,572

5,596

FW2782144.UP.FTS.B

,

25

.77

%

,

3/14/27

..

2,055

1,968

L2784093.UP.FTS.B

,

25

.79

%

,

3/14/27

....

6,688

6,652

FW2785241.UP.FTS.B

,

25

.8

%

,

3/14/27

...

11,490

11,546

FW2789673.UP.FTS.B

,

25

.81

%

,

3/14/27

..

3,270

3,284

FW2785161.UP.FTS.B

,

25

.83

%

,

3/14/27

..

7,335

7,379

FW2785698.UP.FTS.B

,

25

.86

%

,

3/14/27

..

8,925

8,963

L2780008.UP.FTS.B

,

25

.87

%

,

3/14/27

....

4,686

4,706

L2781526.UP.FTS.B

,

25

.87

%

,

3/14/27

....

4,015

4,032

L2780080.UP.FTS.B

,

25

.88

%

,

3/14/27

....

7,063

7,093

FW2786039.UP.FTS.B

,

25

.89

%

,

3/14/27

..

3,673

1,059

FW2789463.UP.FTS.B

,

25

.89

%

,

3/14/27

..

6,471

6,498

L2781244.UP.FTS.B

,

25

.96

%

,

3/14/27

....

5,431

5,454

L2786958.UP.FTS.B

,

25

.96

%

,

3/14/27

....

4,539

4,558

L2780995.UP.FTS.B

,

25

.98

%

,

3/14/27

....

10,268

10,312

L2788615.UP.FTS.B

,

25

.98

%

,

3/14/27

....

3,355

3,369

FW2785920.UP.FTS.B

,

26

.05

%

,

3/14/27

..

2,250

2,221

FW2789885.UP.FTS.B

,

26

.1

%

,

3/14/27

...

6,524

6,554

L2789391.UP.FTS.B

,

26

.18

%

,

3/14/27

....

1,916

1,927

FW2781434.UP.FTS.B

,

26

.27

%

,

3/14/27

..

29,822

29,658

L2787642.UP.FTS.B

,

26

.29

%

,

3/14/27

....

2,013

2,022

FW2786626.UP.FTS.B

,

26

.35

%

,

3/14/27

..

1,661

1,670

FW2781613.UP.FTS.B

,

26

.4

%

,

3/14/27

...

2,529

2,545

L2783551.UP.FTS.B

,

26

.4

%

,

3/14/27

....

6,342

6,369

FW2740721.UP.FTS.B

,

26

.47

%

,

3/14/27

..

2,557

24

FW2782876.UP.FTS.B

,

26

.56

%

,

3/14/27

..

3,766

266

FW2788390.UP.FTS.B

,

26

.61

%

,

3/14/27

..

2,220

2,233

FW2782433.UP.FTS.B

,

26

.73

%

,

3/14/27

..

4,038

4,055

FW2784337.UP.FTS.B

,

26

.73

%

,

3/14/27

..

4,864

4,884

FW2782583.UP.FTS.B

,

26

.76

%

,

3/14/27

..

3,552

3,567

FW2781134.UP.FTS.B

,

26

.83

%

,

3/14/27

..

4,153

4,165

FW2777326.UP.FTS.B

,

26

.85

%

,

3/14/27

..

3,656

3,680

FW2787704.UP.FTS.B

,

27

.06

%

,

3/14/27

..

1,697

120

FW2785449.UP.FTS.B

,

27

.1

%

,

3/14/27

...

7,496

7,528

FW2789171.UP.FTS.B

,

27

.1

%

,

3/14/27

...

4,171

3,997

FW2781100.UP.FTS.B

,

27

.11

%

,

3/14/27

..

2,434

2,440

FW2785546.UP.FTS.B

,

27

.15

%

,

3/14/27

..

3,674

3,690

FW2789041.UP.FTS.B

,

27

.27

%

,

3/14/27

..

3,965

3,985

FW2782365.UP.FTS.B

,

27

.34

%

,

3/14/27

..

3,765

3,781

FW2788518.UP.FTS.B

,

27

.34

%

,

3/14/27

..

3,624

3,638

FW2780191.UP.FTS.B

,

27

.35

%

,

3/14/27

..

3,363

3,219

L2782849.UP.FTS.B

,

27

.38

%

,

3/14/27

....

3,605

3,620

FW2787946.UP.FTS.B

,

27

.42

%

,

3/14/27

..

14,252

14,312

FW2781329.UP.FTS.B

,

27

.46

%

,

3/14/27

..

1,878

1,886

FW2780427.UP.FTS.B

,

27

.49

%

,

3/14/27

..

2,255

2,264

FW2780043.UP.FTS.B

,

27

.53

%

,

3/14/27

..

1,436

1,436

FW2780514.UP.FTS.B

,

27

.64

%

,

3/14/27

..

4,487

316

FW2780278.UP.FTS.B

,

27

.7

%

,

3/14/27

...

20,877

20,726

FW2784987.UP.FTS.B

,

27

.75

%

,

3/14/27

..

12,193

12,245

FW2786682.UP.FTS.B

,

27

.8

%

,

3/14/27

...

27,945

28,091

FW2782891.UP.FTS.B

,

27

.85

%

,

3/14/27

..

7,329

7,009

FW2783303.UP.FTS.B

,

27

.89

%

,

3/14/27

..

7,458

7,502

L2786514.UP.FTS.B

,

27

.96

%

,

3/14/27

....

1,661

1,592

FW2784087.UP.FTS.B

,

27

.99

%

,

3/14/27

..

2,285

2,297

FW2783828.UP.FTS.B

,

28

%

,

3/14/27

....

5,993

6,030

FW2786129.UP.FTS.B

,

28

%

,

3/14/27

....

3,730

3,752

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2788420.UP.FTS.B

,

28

.03

%

,

3/14/27

..

$

4,994

$

4,780

FW2785385.UP.FTS.B

,

28

.06

%

,

3/14/27

..

5,808

5,833

FW2781578.UP.FTS.B

,

28

.33

%

,

3/14/27

..

11,281

1,675

FW2789642.UP.FTS.B

,

28

.34

%

,

3/14/27

..

7,556

7,588

FW2781950.UP.FTS.B

,

28

.45

%

,

3/14/27

..

5,294

5,316

FW2784111.UP.FTS.B

,

28

.45

%

,

3/14/27

..

4,508

4,535

FW2781108.UP.FTS.B

,

28

.46

%

,

3/14/27

..

2,807

2,822

FW2781674.UP.FTS.B

,

28

.51

%

,

3/14/27

..

4,916

4,938

FW2781987.UP.FTS.B

,

28

.61

%

,

3/14/27

..

16,652

16,723

FW2786144.UP.FTS.B

,

28

.61

%

,

3/14/27

..

1,564

1,573

FW2749985.UP.FTS.B

,

28

.71

%

,

3/14/27

..

1,831

130

FW2780226.UP.FTS.B

,

28

.72

%

,

3/14/27

..

5,680

5,704

FW2786938.UP.FTS.B

,

28

.76

%

,

3/14/27

..

2,229

331

FW2785517.UP.FTS.B

,

28

.82

%

,

3/14/27

..

17,524

5,135

FW2780172.UP.FTS.B

,

28

.83

%

,

3/14/27

..

1,516

1,523

FW2784893.UP.FTS.B

,

28

.85

%

,

3/14/27

..

8,820

300

FW2783497.UP.FTS.B

,

28

.87

%

,

3/14/27

..

3,471

246

FW2784865.UP.FTS.B

,

28

.89

%

,

3/14/27

..

824

828

FW2787416.UP.FTS.B

,

28

.94

%

,

3/14/27

..

986

990

FW2784282.UP.FTS.B

,

29

.08

%

,

3/14/27

..

6,034

4

FW2782994.UP.FTS.B

,

29

.14

%

,

3/14/27

..

2,899

2,911

FW2779355.UP.FTS.B

,

29

.22

%

,

3/14/27

..

4,437

4,457

FW2781786.UP.FTS.B

,

29

.22

%

,

3/14/27

..

1,444

1,450

FW2784027.UP.FTS.B

,

29

.23

%

,

3/14/27

..

11,597

11,671

FW2781563.UP.FTS.B

,

29

.25

%

,

3/14/27

..

760

763

FW2783263.UP.FTS.B

,

29

.25

%

,

3/14/27

..

7,068

7,098

FW2779918.UP.FTS.B

,

29

.26

%

,

3/14/27

..

5,420

5,188

FW2785470.UP.FTS.B

,

29

.28

%

,

3/14/27

..

6,993

7,023

FW2779974.UP.FTS.B

,

29

.47

%

,

3/14/27

..

2,968

2,980

FW2779230.UP.FTS.B

,

29

.54

%

,

3/14/27

..

7,613

7,645

FW2785701.UP.FTS.B

,

29

.6

%

,

3/14/27

...

1,599

1,606

FW2780605.UP.FTS.B

,

29

.61

%

,

3/14/27

..

762

765

FW2783287.UP.FTS.B

,

29

.91

%

,

3/14/27

..

3,810

3,826

FW2783229.UP.FTS.B

,

29

.98

%

,

3/14/27

..

9,902

691

FW2789655.UP.FTS.B

,

29

.98

%

,

3/14/27

..

11,642

11,143

FW2789631.UP.FTS.B

,

30

.08

%

,

3/14/27

..

3,542

3,559

FW2788950.UP.FTS.B

,

30

.14

%

,

3/14/27

..

8,866

8,910

FW2782935.UP.FTS.B

,

30

.31

%

,

3/14/27

..

6,032

6,067

FW2785389.UP.FTS.B

,

30

.36

%

,

3/14/27

..

3,769

266

FW2783523.UP.FTS.B

,

30

.41

%

,

3/14/27

..

3,515

3,518

FW2790314.UP.FTS.B

,

30

.48

%

,

3/14/27

..

8,176

8,214

FW2780158.UP.FTS.B

,

30

.52

%

,

3/14/27

..

1,377

1,383

FW2780499.UP.FTS.B

,

30

.57

%

,

3/14/27

..

1,309

1,315

FW2781411.UP.FTS.B

,

30

.59

%

,

3/14/27

..

358

355

FW2785934.UP.FTS.B

,

30

.61

%

,

3/14/27

..

14,275

13,666

FW2789252.UP.FTS.B

,

30

.65

%

,

3/14/27

..

15,329

15,395

FW2785351.UP.FTS.B

,

30

.67

%

,

3/14/27

..

1,226

1,232

FW2780952.UP.FTS.B

,

30

.68

%

,

3/14/27

..

767

770

FW2787603.UP.FTS.B

,

30

.68

%

,

3/14/27

..

822

826

FW2785631.UP.FTS.B

,

30

.69

%

,

3/14/27

..

1,534

1,541

FW2790266.UP.FTS.B

,

30

.72

%

,

3/14/27

..

115

113

FW2783504.UP.FTS.B

,

30

.73

%

,

3/14/27

..

2,607

2,619

FW2783660.UP.FTS.B

,

30

.79

%

,

3/14/27

..

1,994

2,003

FW2780019.UP.FTS.B

,

30

.81

%

,

3/14/27

..

1,176

83

FW2785523.UP.FTS.B

,

30

.83

%

,

3/14/27

..

2,903

2,833

FW2779868.UP.FTS.B

,

30

.84

%

,

3/14/27

..

1,153

1,147

FW2784190.UP.FTS.B

,

30

.84

%

,

3/14/27

..

1,206

1,209

FW2790078.UP.FTS.B

,

30

.9

%

,

3/14/27

...

2,157

2,167

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

112

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2777774.UP.FTS.B

,

30

.91

%

,

3/14/27

..

$

1,020

$

71

FW2783182.UP.FTS.B

,

30

.92

%

,

3/14/27

..

921

925

FW2784494.UP.FTS.B

,

30

.92

%

,

3/14/27

..

1,390

–

FW2790293.UP.FTS.B

,

30

.94

%

,

3/14/27

..

2,074

2,082

FW2783246.UP.FTS.B

,

30

.95

%

,

3/14/27

..

1,152

1,157

FW2784380.UP.FTS.B

,

30

.95

%

,

3/14/27

..

844

848

FW2782248.UP.FTS.B

,

30

.97

%

,

3/14/27

..

2,114

2,126

FW2782268.UP.FTS.B

,

30

.97

%

,

3/14/27

..

793

790

FW2785963.UP.FTS.B

,

30

.97

%

,

3/14/27

..

9,405

–

FW2786330.UP.FTS.B

,

30

.97

%

,

3/14/27

..

14,744

14,808

FW2783531.UP.FTS.B

,

30

.98

%

,

3/14/27

..

7,708

7,745

FW2784675.UP.FTS.B

,

30

.98

%

,

3/14/27

..

1,616

1,623

FW2786195.UP.FTS.B

,

30

.98

%

,

3/14/27

..

922

926

FW2782332.UP.FTS.B

,

30

.99

%

,

3/14/27

..

1,298

1,306

FW2786754.UP.FTS.B

,

30

.99

%

,

3/14/27

..

1,306

1,311

FW2779939.UP.FTS.B

,

31

%

,

3/14/27

....

509

75

FW2782870.UP.FTS.B

,

31

.04

%

,

3/14/27

..

543

537

FW2787376.UP.FTS.B

,

31

.04

%

,

3/14/27

..

2,005

2,014

FW2787448.UP.FTS.B

,

31

.05

%

,

3/14/27

..

999

1,003

FW2790081.UP.FTS.B

,

31

.07

%

,

3/14/27

..

999

1,003

FW2785866.UP.FTS.B

,

31

.08

%

,

3/14/27

..

922

926

FW2787532.UP.FTS.B

,

31

.09

%

,

3/14/27

..

857

861

FW2788577.UP.FTS.B

,

31

.09

%

,

3/14/27

..

617

43

FW2788870.UP.FTS.B

,

31

.1

%

,

3/14/27

...

4,527

4,551

FW2785064.UP.FTS.B

,

31

.11

%

,

3/14/27

..

922

926

FW2781136.UP.FTS.B

,

31

.12

%

,

3/14/27

..

2,921

2,933

FW2789294.UP.FTS.B

,

31

.12

%

,

3/14/27

..

3,554

3,571

FW2781681.UP.FTS.B

,

31

.14

%

,

3/14/27

..

945

949

FW2787239.UP.FTS.B

,

31

.14

%

,

3/14/27

..

3,537

3,552

FW2781895.UP.FTS.B

,

31

.15

%

,

3/14/27

..

1,467

1,473

FW2782284.UP.FTS.B

,

31

.15

%

,

3/14/27

..

3,370

3,386

FW2787162.UP.FTS.B

,

31

.15

%

,

3/14/27

..

2,615

2,626

FW2780763.UP.FTS.B

,

31

.16

%

,

3/14/27

..

1,384

1,390

FW2787568.UP.FTS.B

,

31

.16

%

,

3/14/27

..

127

9

FW2789715.UP.FTS.B

,

31

.18

%

,

3/14/27

..

1,303

1,275

FW2782023.UP.FTS.B

,

31

.19

%

,

3/14/27

..

1,769

1,776

FW2785357.UP.FTS.B

,

31

.21

%

,

3/14/27

..

2,692

190

FW2781077.UP.FTS.B

,

31

.22

%

,

3/14/27

..

846

850

FW2783270.UP.FTS.B

,

31

.23

%

,

3/14/27

..

15,907

15,220

FW2783557.UP.FTS.B

,

31

.23

%

,

3/14/27

..

2,877

2,893

FW2782281.UP.FTS.B

,

31

.24

%

,

3/14/27

..

2,639

122

FW2783300.UP.FTS.B

,

31

.25

%

,

3/14/27

..

1,925

1,933

FW2779996.UP.FTS.B

,

31

.38

%

,

3/14/27

..

2,657

2,672

FW2784473.UP.FTS.B

,

31

.45

%

,

3/14/27

..

2,066

2,079

FW2781466.UP.FTS.B

,

31

.46

%

,

3/14/27

..

1,349

1,293

FW2784706.UP.FTS.B

,

31

.51

%

,

3/14/27

..

3,776

3,792

FW2780027.UP.FTS.B

,

31

.52

%

,

3/14/27

..

2,314

2,324

FW2780093.UP.FTS.B

,

31

.72

%

,

3/14/27

..

2,043

1,956

FW2781284.UP.FTS.B

,

31

.75

%

,

3/14/27

..

2,271

2,271

FW2781775.UP.FTS.B

,

31

.79

%

,

3/14/27

..

4,399

4,418

FW2785751.UP.FTS.B

,

31

.86

%

,

3/14/27

..

1,544

1,551

FW2780155.UP.FTS.B

,

31

.91

%

,

3/14/27

..

1,931

1,939

FW2783916.UP.FTS.B

,

31

.93

%

,

3/14/27

..

289

285

FW2790669.UP.FTS.B

,

32

.4

%

,

3/14/27

...

4,106

4,123

FW2784631.UP.FTS.B

,

32

.84

%

,

3/14/27

..

1,271

89

FW2788557.UP.FTS.B

,

32

.99

%

,

3/14/27

..

884

887

L2780893.UP.FTS.B

,

12

.86

%

,

3/15/27

....

674

670

L2783467.UP.FTS.B

,

14

.77

%

,

3/15/27

....

7,340

7,303

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2784298.UP.FTS.B

,

17

.15

%

,

3/15/27

..

$

17,446

$

17,387

L2773530.UP.FTS.B

,

21

.6

%

,

3/15/27

....

6,500

6,478

L2782604.UP.FTS.B

,

22

.2

%

,

3/15/27

....

4,898

1,367

FW2788570.UP.FTS.B

,

30

.2

%

,

3/15/27

...

6,341

6,381

FW2783606.UP.FTS.B

,

8

.52

%

,

3/16/27

...

9,627

9,568

L2780204.UP.FTS.B

,

20

.34

%

,

3/17/27

....

7,183

7,145

L2789273.UP.FTS.B

,

25

.66

%

,

3/17/27

....

2,535

2,522

FW2779874.UP.FTS.B

,

16

.55

%

,

3/19/27

..

6,951

6,915

FW2788471.UP.FTS.B

,

31

.09

%

,

3/19/27

..

1,929

1,935

L2788995.UP.FTS.B

,

15

.39

%

,

3/20/27

....

2,277

2,269

L2784421.UP.FTS.B

,

22

.65

%

,

3/20/27

....

16,784

16,729

L2785417.UP.FTS.B

,

23

.7

%

,

3/20/27

....

1,551

1,533

FW2781187.UP.FTS.B

,

27

.42

%

,

3/20/27

..

2,089

2,102

FW2781024.UP.FTS.B

,

15

.1

%

,

3/21/27

...

3,983

3,963

L2783524.UP.FTS.B

,

16

.68

%

,

3/21/27

....

7,470

7,431

FW2783063.UP.FTS.B

,

21

.08

%

,

3/21/27

..

7,219

7,196

L1892599.UP.FTS.B

,

22

.22

%

,

3/21/27

....

2,195

2,219

L2785874.UP.FTS.B

,

24

.08

%

,

3/21/27

....

6,613

6,657

FW1893730.UP.FTS.B

,

26

.84

%

,

3/21/27

..

6,803

6,872

FW1892275.UP.FTS.B

,

31

.17

%

,

3/21/27

..

20,884

21,206

L2789596.UP.FTS.B

,

19

.71

%

,

3/22/27

....

4,102

4,076

FW2782011.UP.FTS.B

,

23

.47

%

,

3/22/27

..

4,404

4,433

FW2780875.UP.FTS.B

,

30

.81

%

,

3/22/27

..

2,251

157

L2785327.UP.FTS.B

,

17

.54

%

,

3/23/27

....

4,572

4,556

FW2789132.UP.FTS.B

,

21

%

,

3/23/27

....

6,211

6,191

L2783023.UP.FTS.B

,

22

.68

%

,

3/23/27

....

4,820

4,812

FW2785547.UP.FTS.B

,

21

.71

%

,

3/24/27

..

5,667

5,642

FW2786929.UP.FTS.B

,

30

.3

%

,

3/24/27

...

7,646

7,694

L2784724.UP.FTS.B

,

14

.06

%

,

3/26/27

....

18,413

18,322

L2780671.UP.FTS.B

,

14

.57

%

,

3/28/27

....

18,521

1,330

FW2789245.UP.FTS.B

,

16

.05

%

,

3/28/27

..

6,047

6,025

FW2781186.UP.FTS.B

,

16

.35

%

,

3/28/27

..

3,786

181

L2789704.UP.FTS.B

,

17

.16

%

,

3/28/27

....

19,760

1,433

FW2780445.UP.FTS.B

,

18

.66

%

,

3/28/27

..

12,714

12,626

FW2782751.UP.FTS.B

,

18

.72

%

,

3/28/27

..

7,387

4,272

L2788756.UP.FTS.B

,

20

.13

%

,

3/28/27

....

12,049

12,083

FW2784959.UP.FTS.B

,

22

.93

%

,

3/28/27

..

8,021

8,044

FW2787432.UP.FTS.B

,

24

.27

%

,

3/28/27

..

15,132

15,176

FW2785903.UP.FTS.B

,

25

.2

%

,

3/28/27

...

6,744

3,982

FW2790410.UP.FTS.B

,

25

.97

%

,

3/28/27

..

1,896

1,904

FW2786209.UP.FTS.B

,

30

.73

%

,

3/28/27

..

1,105

1,109

FW2781941.UP.FTS.B

,

30

.87

%

,

3/28/27

..

1,392

1,402

FW2787102.UP.FTS.B

,

31

.21

%

,

3/28/27

..

4,086

288

L2018288.UP.FTS.B

,

10

.67

%

,

4/10/27

....

12,195

915

FW2011916.UP.FTS.B

,

16

.6

%

,

4/10/27

...

2,119

2,103

L2017432.UP.FTS.B

,

16

.76

%

,

4/10/27

....

2,460

2,447

L2017330.UP.FTS.B

,

18

.21

%

,

4/10/27

....

4,115

2,300

L2016429.UP.FTS.B

,

20

.87

%

,

4/10/27

....

20,860

20,738

FW2016567.UP.FTS.B

,

21

.23

%

,

4/10/27

..

4,333

4,326

L2018168.UP.FTS.B

,

21

.66

%

,

4/10/27

....

10,652

1,500

L2018248.UP.FTS.B

,

24

.88

%

,

4/10/27

....

2,382

2,398

L2017215.UP.FTS.B

,

26

.46

%

,

4/10/27

....

4,705

–

FW2017752.UP.FTS.B

,

26

.85

%

,

4/10/27

..

25,701

25,934

FW2017367.UP.FTS.B

,

29

.54

%

,

4/10/27

..

4,683

4,617

FW2017102.UP.FTS.B

,

30

.96

%

,

4/10/27

..

1,594

1,601

L2931144.UP.FTS.B

,

5

.51

%

,

4/11/27

.....

5,840

5,798

FW2932165.UP.FTS.B

,

5

.86

%

,

4/11/27

...

13,212

13,117

L2928632.UP.FTS.B

,

5

.88

%

,

4/11/27

.....

6,900

6,850

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

113

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2931142.UP.FTS.B

,

5

.9

%

,

4/11/27

......

$

12,216

$

12,124

L2931326.UP.FTS.B

,

6

.18

%

,

4/11/27

.....

8,136

8,080

L2931374.UP.FTS.B

,

7

.06

%

,

4/11/27

.....

4,604

4,572

FW2929692.UP.FTS.B

,

7

.58

%

,

4/11/27

...

8,588

8,525

FW2930492.UP.FTS.B

,

7

.76

%

,

4/11/27

...

18,071

17,941

L2928415.UP.FTS.B

,

7

.84

%

,

4/11/27

.....

23,174

23,006

L2928839.UP.FTS.B

,

7

.91

%

,

4/11/27

.....

5,262

5,224

L2929271.UP.FTS.B

,

8

.07

%

,

4/11/27

.....

23,880

23,717

FW2930354.UP.FTS.B

,

8

.77

%

,

4/11/27

...

14,067

13,972

L2929501.UP.FTS.B

,

8

.87

%

,

4/11/27

.....

17,899

17,770

L2929733.UP.FTS.B

,

9

.1

%

,

4/11/27

......

25,097

24,916

L2928144.UP.FTS.B

,

9

.39

%

,

4/11/27

.....

13,539

13,450

FW2928771.UP.FTS.B

,

9

.46

%

,

4/11/27

...

33,560

33,320

L2932211.UP.FTS.B

,

9

.68

%

,

4/11/27

.....

14,255

14,153

L2931292.UP.FTS.B

,

9

.71

%

,

4/11/27

.....

1,139

1,132

L2930583.UP.FTS.B

,

9

.81

%

,

4/11/27

.....

30,291

30,075

L2929532.UP.FTS.B

,

9

.84

%

,

4/11/27

.....

11,410

11,334

L2928694.UP.FTS.B

,

11

.02

%

,

4/11/27

....

10,946

10,867

L2929301.UP.FTS.B

,

11

.05

%

,

4/11/27

....

7,685

7,630

FW2931075.UP.FTS.B

,

11

.12

%

,

4/11/27

..

8,886

8,824

FW2931457.UP.FTS.B

,

11

.32

%

,

4/11/27

..

6,822

6,774

FW2928380.UP.FTS.B

,

11

.34

%

,

4/11/27

..

2,590

2,572

L2929334.UP.FTS.B

,

11

.51

%

,

4/11/27

....

16,312

16,196

L2931774.UP.FTS.B

,

11

.89

%

,

4/11/27

....

9,871

9,804

L2930803.UP.FTS.B

,

11

.99

%

,

4/11/27

....

11,032

10,953

L2930792.UP.FTS.B

,

12

.29

%

,

4/11/27

....

3,434

3,410

L2932192.UP.FTS.B

,

12

.4

%

,

4/11/27

.....

20,624

20,477

L2925660.UP.FTS.B

,

12

.92

%

,

4/11/27

....

1,031

1,025

L2930442.UP.FTS.B

,

13

.06

%

,

4/11/27

....

12,440

12,352

L2930302.UP.FTS.B

,

13

.11

%

,

4/11/27

....

5,116

5,080

L2929053.UP.FTS.B

,

13

.57

%

,

4/11/27

....

11,008

10,934

L2931141.UP.FTS.B

,

14

.22

%

,

4/11/27

....

7,081

7,031

FW2931651.UP.FTS.B

,

14

.66

%

,

4/11/27

..

4,898

4,864

L2931110.UP.FTS.B

,

14

.92

%

,

4/11/27

....

3,164

3,142

L2928992.UP.FTS.B

,

15

.03

%

,

4/11/27

....

7,017

6,968

L2929671.UP.FTS.B

,

15

.08

%

,

4/11/27

....

29,981

29,734

L2928247.UP.FTS.B

,

15

.12

%

,

4/11/27

....

3,370

3,347

L2928237.UP.FTS.B

,

15

.14

%

,

4/11/27

....

30,404

30,191

L2930249.UP.FTS.B

,

15

.14

%

,

4/11/27

....

7,584

7,531

FW2928811.UP.FTS.B

,

15

.33

%

,

4/11/27

..

4,213

4,190

L2930377.UP.FTS.B

,

15

.57

%

,

4/11/27

....

12,589

12,518

L2927743.UP.FTS.B

,

15

.66

%

,

4/11/27

....

5,287

5,250

L2928343.UP.FTS.B

,

15

.68

%

,

4/11/27

....

1,514

1,505

L2928701.UP.FTS.B

,

15

.72

%

,

4/11/27

....

3,337

3,314

FW2930346.UP.FTS.B

,

15

.87

%

,

4/11/27

..

712

183

L2928179.UP.FTS.B

,

15

.92

%

,

4/11/27

....

24,688

24,540

L2928682.UP.FTS.B

,

15

.94

%

,

4/11/27

....

9,042

8,978

FW2929957.UP.FTS.B

,

16

.01

%

,

4/11/27

..

9,896

9,827

L2929608.UP.FTS.B

,

16

.07

%

,

4/11/27

....

704

700

FW2929029.UP.FTS.B

,

16

.18

%

,

4/11/27

..

12,293

12,214

L2932260.UP.FTS.B

,

16

.49

%

,

4/11/27

....

1,181

1,174

L2930475.UP.FTS.B

,

16

.55

%

,

4/11/27

....

4,684

4,651

L2927859.UP.FTS.B

,

16

.57

%

,

4/11/27

....

2,343

2,326

L2925173.UP.FTS.B

,

16

.58

%

,

4/11/27

....

1,562

1,551

FW2928717.UP.FTS.B

,

16

.97

%

,

4/11/27

..

5,339

5,302

L2928313.UP.FTS.B

,

17

.03

%

,

4/11/27

....

7,834

7,779

L2928071.UP.FTS.B

,

17

.22

%

,

4/11/27

....

785

779

L2920414.UP.FTS.B

,

17

.44

%

,

4/11/27

....

18,457

18,339

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2930503.UP.FTS.B

,

17

.64

%

,

4/11/27

..

$

3,666

$

2,054

L2929835.UP.FTS.B

,

17

.66

%

,

4/11/27

....

7,636

7,584

L2929520.UP.FTS.B

,

17

.74

%

,

4/11/27

....

11,112

408

L2931693.UP.FTS.B

,

17

.77

%

,

4/11/27

....

3,151

3,129

L2931697.UP.FTS.B

,

18

.04

%

,

4/11/27

....

14,320

14,240

L2930203.UP.FTS.B

,

18

.11

%

,

4/11/27

....

29,072

28,891

L2929357.UP.FTS.B

,

18

.14

%

,

4/11/27

....

4,316

4,286

FW2928101.UP.FTS.B

,

18

.34

%

,

4/11/27

..

2,373

2,355

L2929573.UP.FTS.B

,

18

.4

%

,

4/11/27

.....

10,803

10,727

FW2931119.UP.FTS.B

,

18

.48

%

,

4/11/27

..

2,663

2,645

FW2928788.UP.FTS.B

,

18

.9

%

,

4/11/27

...

3,105

3,083

L2926454.UP.FTS.B

,

19

.25

%

,

4/11/27

....

2,226

2,208

L2932213.UP.FTS.B

,

19

.31

%

,

4/11/27

....

6,010

5,964

L2929660.UP.FTS.B

,

19

.43

%

,

4/11/27

....

2,289

2,273

L2927920.UP.FTS.B

,

19

.53

%

,

4/11/27

....

10,878

10,795

FW2928255.UP.FTS.B

,

19

.6

%

,

4/11/27

...

4,636

1,292

L2930145.UP.FTS.B

,

19

.64

%

,

4/11/27

....

7,800

7,718

FW2928828.UP.FTS.B

,

19

.68

%

,

4/11/27

..

3,194

3,170

L2928959.UP.FTS.B

,

19

.94

%

,

4/11/27

....

5,860

5,818

L2929135.UP.FTS.B

,

20

.21

%

,

4/11/27

....

4,119

2,432

L2928908.UP.FTS.B

,

20

.26

%

,

4/11/27

....

729

723

L2929578.UP.FTS.B

,

20

.69

%

,

4/11/27

....

15,863

15,893

L2927893.UP.FTS.B

,

20

.88

%

,

4/11/27

....

4,831

4,840

FW2929918.UP.FTS.B

,

21

.02

%

,

4/11/27

..

593

587

FW2929809.UP.FTS.B

,

21

.08

%

,

4/11/27

..

9,528

9,546

L2928658.UP.FTS.B

,

21

.27

%

,

4/11/27

....

730

725

FW2930564.UP.FTS.B

,

21

.29

%

,

4/11/27

..

1,475

1,478

L2928922.UP.FTS.B

,

21

.49

%

,

4/11/27

....

4,113

2,367

L2930355.UP.FTS.B

,

21

.76

%

,

4/11/27

....

3,682

3,689

L2931630.UP.FTS.B

,

22

.14

%

,

4/11/27

....

15,880

15,759

FW2930816.UP.FTS.B

,

22

.15

%

,

4/11/27

..

6,880

6,828

L2932038.UP.FTS.B

,

22

.19

%

,

4/11/27

....

3,714

3,722

FW2931433.UP.FTS.B

,

22

.3

%

,

4/11/27

...

21,583

21,624

L2929277.UP.FTS.B

,

22

.4

%

,

4/11/27

.....

7,026

7,039

L2929537.UP.FTS.B

,

22

.4

%

,

4/11/27

.....

15,756

15,646

FW2929717.UP.FTS.B

,

22

.54

%

,

4/11/27

..

4,789

4,807

L2929355.UP.FTS.B

,

22

.65

%

,

4/11/27

....

1,532

1,534

FW2930674.UP.FTS.B

,

22

.96

%

,

4/11/27

..

11,052

11,068

L2928500.UP.FTS.B

,

23

.05

%

,

4/11/27

....

40,730

2,942

FW2928961.UP.FTS.B

,

23

.12

%

,

4/11/27

..

3,669

3,681

FW2929214.UP.FTS.B

,

23

.28

%

,

4/11/27

..

577

569

L2932120.UP.FTS.B

,

23

.29

%

,

4/11/27

....

4,093

4,100

L2931244.UP.FTS.B

,

23

.41

%

,

4/11/27

....

1,629

1,636

L2930990.UP.FTS.B

,

23

.44

%

,

4/11/27

....

8,117

8,054

FW2931695.UP.FTS.B

,

23

.47

%

,

4/11/27

..

2,768

793

FW2928339.UP.FTS.B

,

23

.55

%

,

4/11/27

..

20,578

12,215

L2931393.UP.FTS.B

,

23

.58

%

,

4/11/27

....

4,845

4,854

L2932212.UP.FTS.B

,

23

.72

%

,

4/11/27

....

8,132

8,148

FW2931916.UP.FTS.B

,

23

.85

%

,

4/11/27

..

4,481

4,489

FW2928539.UP.FTS.B

,

24

.21

%

,

4/11/27

..

8,490

–

FW2929160.UP.FTS.B

,

24

.21

%

,

4/11/27

..

813

816

L2928472.UP.FTS.B

,

24

.3

%

,

4/11/27

.....

4,780

4,768

L2930096.UP.FTS.B

,

24

.39

%

,

4/11/27

....

3,008

3,015

FW2928927.UP.FTS.B

,

24

.56

%

,

4/11/27

..

9,826

9,844

FW2929993.UP.FTS.B

,

24

.61

%

,

4/11/27

..

5,692

5,658

L2928852.UP.FTS.B

,

24

.73

%

,

4/11/27

....

1,127

1,129

L2929765.UP.FTS.B

,

24

.83

%

,

4/11/27

....

410

252

L2932289.UP.FTS.B

,

24

.85

%

,

4/11/27

....

1,804

1,807

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

114

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2928873.UP.FTS.B

,

24

.96

%

,

4/11/27

....

$

675

$

674

L2928413.UP.FTS.B

,

25

.03

%

,

4/11/27

....

1,279

1,281

FW2928348.UP.FTS.B

,

25

.04

%

,

4/11/27

..

7,399

1,079

L2927825.UP.FTS.B

,

25

.04

%

,

4/11/27

....

1,516

1,520

L2929882.UP.FTS.B

,

25

.08

%

,

4/11/27

....

2,950

2,918

L2931976.UP.FTS.B

,

25

.09

%

,

4/11/27

....

1,811

1,815

L2930146.UP.FTS.B

,

25

.16

%

,

4/11/27

....

899

902

L2930022.UP.FTS.B

,

25

.21

%

,

4/11/27

....

1,808

1,812

L2929652.UP.FTS.B

,

25

.22

%

,

4/11/27

....

3,692

3,698

L2928316.UP.FTS.B

,

25

.25

%

,

4/11/27

....

2,623

2,630

L2929095.UP.FTS.B

,

25

.31

%

,

4/11/27

....

1,741

1,728

L2931438.UP.FTS.B

,

25

.31

%

,

4/11/27

....

3,844

3,851

L2927955.UP.FTS.B

,

25

.33

%

,

4/11/27

....

762

764

L2930098.UP.FTS.B

,

25

.33

%

,

4/11/27

....

9,212

376

L2930363.UP.FTS.B

,

25

.38

%

,

4/11/27

....

1,674

1,662

L2929249.UP.FTS.B

,

25

.41

%

,

4/11/27

....

1,207

1,209

L2928774.UP.FTS.B

,

25

.44

%

,

4/11/27

....

1,132

1,134

L2931011.UP.FTS.B

,

25

.45

%

,

4/11/27

....

1,338

1,343

L2931216.UP.FTS.B

,

25

.47

%

,

4/11/27

....

2,210

157

L2928194.UP.FTS.B

,

25

.48

%

,

4/11/27

....

2,210

2,203

L2928800.UP.FTS.B

,

25

.5

%

,

4/11/27

.....

1,811

1,797

L2924786.UP.FTS.B

,

25

.51

%

,

4/11/27

....

4,680

4,688

L2929869.UP.FTS.B

,

25

.51

%

,

4/11/27

....

4,815

2,843

L2929203.UP.FTS.B

,

25

.67

%

,

4/11/27

....

15,076

15,137

FW2931488.UP.FTS.B

,

25

.84

%

,

4/11/27

..

3,011

2,993

L2930197.UP.FTS.B

,

26

.2

%

,

4/11/27

.....

37,901

37,608

FW2928645.UP.FTS.B

,

26

.24

%

,

4/11/27

..

2,123

2,107

FW2930122.UP.FTS.B

,

26

.47

%

,

4/11/27

..

8,381

8,403

FW2929864.UP.FTS.B

,

26

.5

%

,

4/11/27

...

7,452

7,465

L2930852.UP.FTS.B

,

26

.51

%

,

4/11/27

....

5,546

5,503

FW2932003.UP.FTS.B

,

26

.57

%

,

4/11/27

..

8,897

8,929

FW2927841.UP.FTS.B

,

26

.89

%

,

4/11/27

..

3,136

3,139

FW2930544.UP.FTS.B

,

27

.01

%

,

4/11/27

..

3,809

3,816

FW2930638.UP.FTS.B

,

27

.26

%

,

4/11/27

..

16,174

16,204

FW2929129.UP.FTS.B

,

27

.27

%

,

4/11/27

..

12,362

12,384

FW2929703.UP.FTS.B

,

27

.29

%

,

4/11/27

..

18,625

813

FW2927978.UP.FTS.B

,

27

.34

%

,

4/11/27

..

3,828

3,837

FW2928866.UP.FTS.B

,

27

.4

%

,

4/11/27

...

5,956

5,967

FW2929101.UP.FTS.B

,

27

.56

%

,

4/11/27

..

1,070

1,072

FW2928485.UP.FTS.B

,

27

.66

%

,

4/11/27

..

3,824

3,831

FW2929228.UP.FTS.B

,

27

.79

%

,

4/11/27

..

9,185

9,202

FW2928012.UP.FTS.B

,

28

.41

%

,

4/11/27

..

4,250

4,259

FW2929560.UP.FTS.B

,

28

.47

%

,

4/11/27

..

23,958

14,175

FW2930665.UP.FTS.B

,

29

.74

%

,

4/11/27

..

6,376

950

FW2929635.UP.FTS.B

,

30

.45

%

,

4/11/27

..

856

857

FW2931821.UP.FTS.B

,

30

.54

%

,

4/11/27

..

1,401

1,403

FW2928765.UP.FTS.B

,

30

.58

%

,

4/11/27

..

4,359

4,367

FW2930995.UP.FTS.B

,

30

.73

%

,

4/11/27

..

2,025

2,029

FW2925607.UP.FTS.B

,

30

.77

%

,

4/11/27

..

2,118

2,116

FW2929924.UP.FTS.B

,

30

.77

%

,

4/11/27

..

1,164

1,169

FW2929033.UP.FTS.B

,

30

.91

%

,

4/11/27

..

3,784

3,790

FW2930708.UP.FTS.B

,

30

.94

%

,

4/11/27

..

858

859

FW2931261.UP.FTS.B

,

30

.94

%

,

4/11/27

..

2,729

2,734

FW2932124.UP.FTS.B

,

31

.03

%

,

4/11/27

..

1,396

99

FW2931670.UP.FTS.B

,

31

.06

%

,

4/11/27

..

2,029

2,034

FW2928834.UP.FTS.B

,

31

.11

%

,

4/11/27

..

2,301

2,308

FW2930285.UP.FTS.B

,

31

.11

%

,

4/11/27

..

2,888

2,893

FW2929975.UP.FTS.B

,

31

.14

%

,

4/11/27

..

1,428

99

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2931962.UP.FTS.B

,

31

.16

%

,

4/11/27

..

$

1,010

$

1,010

FW2929122.UP.FTS.B

,

31

.17

%

,

4/11/27

..

1,997

1,184

FW2927833.UP.FTS.B

,

31

.18

%

,

4/11/27

..

1,171

1,174

FW2928577.UP.FTS.B

,

31

.19

%

,

4/11/27

..

937

939

FW2930781.UP.FTS.B

,

31

.2

%

,

4/11/27

...

1,018

1,020

FW2929551.UP.FTS.B

,

31

.21

%

,

4/11/27

..

1,825

–

FW2928856.UP.FTS.B

,

31

.24

%

,

4/11/27

..

2,109

2,113

FW2931445.UP.FTS.B

,

31

.47

%

,

4/11/27

..

3,602

3,608

FW2932028.UP.FTS.B

,

31

.51

%

,

4/11/27

..

9,627

9,639

FW2929182.UP.FTS.B

,

32

.25

%

,

4/11/27

..

23,343

23,385

L2934719.UP.FTS.B

,

5

.89

%

,

4/12/27

....

11,637

11,556

L2934939.UP.FTS.B

,

5

.94

%

,

4/12/27

....

9,211

9,144

L2934674.UP.FTS.B

,

5

.99

%

,

4/12/27

....

5,198

5,161

L2932966.UP.FTS.B

,

6

.09

%

,

4/12/27

....

1,571

1,560

L2934096.UP.FTS.B

,

6

.09

%

,

4/12/27

....

3,913

3,885

L2935839.UP.FTS.B

,

6

.13

%

,

4/12/27

....

3,914

3,886

L2933662.UP.FTS.B

,

6

.16

%

,

4/12/27

....

16,313

16,197

L2932593.UP.FTS.B

,

6

.74

%

,

4/12/27

....

4,591

4,559

L2932805.UP.FTS.B

,

7

.25

%

,

4/12/27

....

9,737

9,670

L2934028.UP.FTS.B

,

8

.23

%

,

4/12/27

....

12,090

12,003

L2932516.UP.FTS.B

,

8

.41

%

,

4/12/27

....

2,691

2,671

L2933064.UP.FTS.B

,

8

.64

%

,

4/12/27

....

28,257

28,063

FW2933047.UP.FTS.B

,

9

.38

%

,

4/12/27

...

4,025

3,996

L2935969.UP.FTS.B

,

9

.48

%

,

4/12/27

....

11,075

760

L2935039.UP.FTS.B

,

9

.98

%

,

4/12/27

....

6,218

6,170

L2935520.UP.FTS.B

,

10

.08

%

,

4/12/27

....

3,373

3,350

FW2934452.UP.FTS.B

,

10

.25

%

,

4/12/27

..

21,703

21,562

L2933292.UP.FTS.B

,

10

.46

%

,

4/12/27

....

13,134

13,039

L2934350.UP.FTS.B

,

10

.57

%

,

4/12/27

....

7,453

7,401

L2934277.UP.FTS.B

,

10

.75

%

,

4/12/27

....

714

709

L2933170.UP.FTS.B

,

10

.92

%

,

4/12/27

....

16,140

16,029

FW2934988.UP.FTS.B

,

11

.01

%

,

4/12/27

..

10,741

10,665

L2935685.UP.FTS.B

,

11

.21

%

,

4/12/27

....

16,052

15,955

L2933802.UP.FTS.B

,

11

.46

%

,

4/12/27

....

20,470

20,326

L2934500.UP.FTS.B

,

11

.56

%

,

4/12/27

....

25,744

25,565

L2929979.UP.FTS.B

,

12

.66

%

,

4/12/27

....

7,330

7,286

L2933178.UP.FTS.B

,

12

.88

%

,

4/12/27

....

4,761

4,728

L2934721.UP.FTS.B

,

13

.01

%

,

4/12/27

....

6,908

6,860

L2932728.UP.FTS.B

,

13

.07

%

,

4/12/27

....

3,712

3,690

L2932883.UP.FTS.B

,

13

.4

%

,

4/12/27

....

1,524

1,514

L2933032.UP.FTS.B

,

13

.49

%

,

4/12/27

....

13,363

13,284

L2934809.UP.FTS.B

,

13

.61

%

,

4/12/27

....

2,788

2,763

FW2932832.UP.FTS.B

,

13

.69

%

,

4/12/27

..

14,861

14,758

L2934338.UP.FTS.B

,

13

.77

%

,

4/12/27

....

6,254

6,211

FW2932546.UP.FTS.B

,

13

.93

%

,

4/12/27

..

9,088

9,026

L2926179.UP.FTS.B

,

14

%

,

4/12/27

......

22,487

22,332

L2934323.UP.FTS.B

,

14

.05

%

,

4/12/27

....

2,679

2,661

FW2935078.UP.FTS.B

,

14

.1

%

,

4/12/27

...

2,298

2,284

FW2933775.UP.FTS.B

,

14

.2

%

,

4/12/27

...

5,434

5,402

L2934014.UP.FTS.B

,

14

.43

%

,

4/12/27

....

11,315

11,237

L2933672.UP.FTS.B

,

14

.48

%

,

4/12/27

....

1,182

1,175

FW2921409.UP.FTS.B

,

14

.51

%

,

4/12/27

..

2,207

2,193

L2933917.UP.FTS.B

,

14

.92

%

,

4/12/27

....

4,908

4,874

L2933149.UP.FTS.B

,

14

.95

%

,

4/12/27

....

4,322

4,083

L2934068.UP.FTS.B

,

15

.16

%

,

4/12/27

....

3,793

3,767

FW2935949.UP.FTS.B

,

15

.22

%

,

4/12/27

..

7,027

6,979

FW2935322.UP.FTS.B

,

15

.48

%

,

4/12/27

..

1,267

1,259

L2934951.UP.FTS.B

,

15

.65

%

,

4/12/27

....

988

981

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

115

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2936086.UP.FTS.B

,

15

.83

%

,

4/12/27

..

$

3,854

$

3,833

L2933684.UP.FTS.B

,

15

.83

%

,

4/12/27

....

7,701

7,654

FW2932566.UP.FTS.B

,

16

.14

%

,

4/12/27

..

11,446

476

L2934824.UP.FTS.B

,

16

.29

%

,

4/12/27

....

4,887

4,854

FW2934062.UP.FTS.B

,

16

.46

%

,

4/12/27

..

7,471

7,423

L2934330.UP.FTS.B

,

17

.26

%

,

4/12/27

....

7,633

7,581

FW2928773.UP.FTS.B

,

17

.37

%

,

4/12/27

..

4,553

4,529

L2934291.UP.FTS.B

,

17

.44

%

,

4/12/27

....

13,574

984

L2929039.UP.FTS.B

,

17

.51

%

,

4/12/27

....

3,056

3,040

FW2921340.UP.FTS.B

,

18

.08

%

,

4/12/27

..

6,169

6,115

FW2933519.UP.FTS.B

,

18

.13

%

,

4/12/27

..

6,965

6,917

L2933956.UP.FTS.B

,

18

.85

%

,

4/12/27

....

6,014

5,977

L2932813.UP.FTS.B

,

19

.07

%

,

4/12/27

....

9,397

9,328

FW2932434.UP.FTS.B

,

19

.1

%

,

4/12/27

...

1,368

1,359

L2935130.UP.FTS.B

,

19

.21

%

,

4/12/27

....

4,231

303

FW2932660.UP.FTS.B

,

19

.24

%

,

4/12/27

..

16,510

16,399

FW2934275.UP.FTS.B

,

19

.55

%

,

4/12/27

..

2,113

2,079

L2934998.UP.FTS.B

,

19

.55

%

,

4/12/27

....

17,569

17,457

FW2932085.UP.FTS.B

,

19

.78

%

,

4/12/27

..

1,224

1,217

FW2935930.UP.FTS.B

,

19

.97

%

,

4/12/27

..

6,256

6,214

L2934093.UP.FTS.B

,

20

.12

%

,

4/12/27

....

2,407

2,390

L2932535.UP.FTS.B

,

20

.15

%

,

4/12/27

....

6,233

6,172

L2934786.UP.FTS.B

,

20

.82

%

,

4/12/27

....

7,657

7,615

FW2932291.UP.FTS.B

,

21

.33

%

,

4/12/27

..

7,342

7,288

L2933315.UP.FTS.B

,

21

.57

%

,

4/12/27

....

4,339

4,310

L2934722.UP.FTS.B

,

21

.63

%

,

4/12/27

....

2,968

2,976

L2933448.UP.FTS.B

,

21

.75

%

,

4/12/27

....

1,325

1,328

L2935751.UP.FTS.B

,

22

.01

%

,

4/12/27

....

1,542

1,532

FW2932542.UP.FTS.B

,

22

.3

%

,

4/12/27

...

12,565

12,593

L2934510.UP.FTS.B

,

22

.41

%

,

4/12/27

....

8,061

578

L2935129.UP.FTS.B

,

22

.75

%

,

4/12/27

....

5,931

5,887

L2932952.UP.FTS.B

,

23

.13

%

,

4/12/27

....

4,056

4,072

L2932379.UP.FTS.B

,

23

.14

%

,

4/12/27

....

5,833

1,677

L2933829.UP.FTS.B

,

23

.3

%

,

4/12/27

....

23,510

23,562

FW2929713.UP.FTS.B

,

23

.5

%

,

4/12/27

...

1,639

1,643

L2934363.UP.FTS.B

,

23

.59

%

,

4/12/27

....

5,883

5,616

L2933915.UP.FTS.B

,

23

.94

%

,

4/12/27

....

5,978

5,933

FW2933477.UP.FTS.B

,

24

.15

%

,

4/12/27

..

20,295

5,648

FW2932094.UP.FTS.B

,

24

.49

%

,

4/12/27

..

8,173

8,112

FW2933926.UP.FTS.B

,

24

.54

%

,

4/12/27

..

22,503

22,552

L2932713.UP.FTS.B

,

24

.66

%

,

4/12/27

....

12,085

11,995

L2934015.UP.FTS.B

,

24

.74

%

,

4/12/27

....

790

785

FW2932608.UP.FTS.B

,

24

.82

%

,

4/12/27

..

336

331

FW2932759.UP.FTS.B

,

24

.87

%

,

4/12/27

..

5,952

5,691

FW2934105.UP.FTS.B

,

25

.03

%

,

4/12/27

..

37,618

37,700

L2934475.UP.FTS.B

,

25

.05

%

,

4/12/27

....

753

747

L2934307.UP.FTS.B

,

25

.18

%

,

4/12/27

....

1,205

1,208

L2934790.UP.FTS.B

,

25

.21

%

,

4/12/27

....

2,638

2,619

L2933613.UP.FTS.B

,

25

.31

%

,

4/12/27

....

1,906

1,912

L2934270.UP.FTS.B

,

25

.32

%

,

4/12/27

....

1,055

1,058

L2933656.UP.FTS.B

,

25

.33

%

,

4/12/27

....

1,660

1,664

L2935062.UP.FTS.B

,

25

.37

%

,

4/12/27

....

2,791

2,797

L2933671.UP.FTS.B

,

25

.42

%

,

4/12/27

....

3,545

3,553

L2933216.UP.FTS.B

,

25

.44

%

,

4/12/27

....

2,716

2,722

L2935106.UP.FTS.B

,

25

.47

%

,

4/12/27

....

1,283

1,286

L2935825.UP.FTS.B

,

25

.47

%

,

4/12/27

....

4,980

4,991

L2931662.UP.FTS.B

,

25

.5

%

,

4/12/27

....

5,193

5,208

FW2932553.UP.FTS.B

,

25

.61

%

,

4/12/27

..

2,303

347

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2933530.UP.FTS.B

,

25

.87

%

,

4/12/27

..

$

1,565

$

1,567

L2935140.UP.FTS.B

,

25

.88

%

,

4/12/27

....

2,422

2,428

FW2932828.UP.FTS.B

,

26

.03

%

,

4/12/27

..

2,726

2,732

L2932763.UP.FTS.B

,

26

.08

%

,

4/12/27

....

4,001

3,820

FW2932450.UP.FTS.B

,

26

.13

%

,

4/12/27

..

2,501

2,506

L2933446.UP.FTS.B

,

26

.13

%

,

4/12/27

....

6,441

6,455

FW2933051.UP.FTS.B

,

26

.29

%

,

4/12/27

..

1,407

1,392

FW2934761.UP.FTS.B

,

26

.44

%

,

4/12/27

..

4,934

4,945

FW2933474.UP.FTS.B

,

27

.39

%

,

4/12/27

..

2,803

2,810

FW2934024.UP.FTS.B

,

28

.16

%

,

4/12/27

..

33,231

33,304

FW2933887.UP.FTS.B

,

29

.96

%

,

4/12/27

..

2,062

602

FW2933837.UP.FTS.B

,

30

.67

%

,

4/12/27

..

1,324

–

FW2932394.UP.FTS.B

,

30

.74

%

,

4/12/27

..

1,274

1,266

FW2932900.UP.FTS.B

,

30

.82

%

,

4/12/27

..

2,727

2,733

FW2932657.UP.FTS.B

,

30

.91

%

,

4/12/27

..

1,014

1,016

FW2933070.UP.FTS.B

,

30

.98

%

,

4/12/27

..

966

968

FW2935536.UP.FTS.B

,

31

.03

%

,

4/12/27

..

1,015

1,007

FW2932591.UP.FTS.B

,

31

.06

%

,

4/12/27

..

1,226

180

FW2933622.UP.FTS.B

,

31

.07

%

,

4/12/27

..

3,075

3,085

FW2934425.UP.FTS.B

,

31

.07

%

,

4/12/27

..

859

861

FW2932838.UP.FTS.B

,

31

.12

%

,

4/12/27

..

1,179

1,180

FW2935340.UP.FTS.B

,

31

.15

%

,

4/12/27

..

1,213

1,216

FW2934816.UP.FTS.B

,

31

.17

%

,

4/12/27

..

6,648

6,669

FW2934569.UP.FTS.B

,

31

.18

%

,

4/12/27

..

1,328

1,331

FW2933023.UP.FTS.B

,

31

.19

%

,

4/12/27

..

937

939

FW2933756.UP.FTS.B

,

31

.19

%

,

4/12/27

..

6,435

6,148

FW2932550.UP.FTS.B

,

31

.41

%

,

4/12/27

..

6,881

6,896

FW2934482.UP.FTS.B

,

31

.52

%

,

4/12/27

..

6,222

6,243

L2932935.UP.FTS.B

,

7

.41

%

,

4/15/27

....

13,200

13,110

L2931980.UP.FTS.B

,

10

.2

%

,

4/15/27

....

7,301

7,254

FW2928215.UP.FTS.B

,

17

.86

%

,

4/15/27

..

3,948

3,927

FW2921283.UP.FTS.B

,

27

.6

%

,

4/16/27

...

2,378

2,388

L2932135.UP.FTS.B

,

10

.91

%

,

4/19/27

....

15,659

15,564

L2018213.UP.FTS.B

,

25

.8

%

,

4/20/27

....

14,819

14,221

FW2111536.UP.FTS.B

,

24

.67

%

,

4/24/27

..

7,360

7,344

L2112103.UP.FTS.B

,

24

.86

%

,

4/24/27

....

4,030

4,045

FW2111589.UP.FTS.B

,

30

.84

%

,

4/24/27

..

2,547

179

FW2110860.UP.FTS.B

,

31

.09

%

,

4/24/27

..

3,831

3,876

L2931611.UP.FTS.B

,

20

.6

%

,

4/26/27

.....

12,280

12,182

FW2934428.UP.FTS.B

,

34

.69

%

,

4/26/27

..

28,253

1,940

L2266091.UP.FTS.B

,

16

.62

%

,

5/16/27

....

6,717

6,379

FW2261915.UP.FTS.B

,

18

.74

%

,

5/16/27

..

1,470

105

L2264467.UP.FTS.B

,

18

.83

%

,

5/16/27

....

16,701

15,796

FW2262699.UP.FTS.B

,

20

.92

%

,

5/16/27

..

4,249

4,234

FW2261298.UP.FTS.B

,

21

.8

%

,

5/16/27

...

25,537

–

L2264897.UP.FTS.B

,

22

.07

%

,

5/16/27

....

8,604

8,172

FW2260888.UP.FTS.B

,

23

.94

%

,

5/16/27

..

1,385

1,395

FW2262937.UP.FTS.B

,

29

.28

%

,

5/16/27

..

4,034

4,052

L2268700.UP.FTS.B

,

9

.56

%

,

5/17/27

....

2,792

2,773

L2270469.UP.FTS.B

,

12

.65

%

,

5/17/27

....

3,036

425

FW2269695.UP.FTS.B

,

16

.79

%

,

5/17/27

..

5,928

5,606

L2267939.UP.FTS.B

,

17

.47

%

,

5/17/27

....

1,932

1,921

L2267967.UP.FTS.B

,

19

.43

%

,

5/17/27

....

13,556

13,682

L2269383.UP.FTS.B

,

23

.1

%

,

5/17/27

....

2,938

2,960

L2267445.UP.FTS.B

,

24

.36

%

,

5/17/27

....

8,919

8,955

L2269335.UP.FTS.B

,

24

.65

%

,

5/17/27

....

1,767

1,779

FW2269543.UP.FTS.B

,

24

.98

%

,

5/17/27

..

8,818

8,858

L2269566.UP.FTS.B

,

25

.42

%

,

5/17/27

....

4,088

4,135

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

116

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2267258.UP.FTS.B

,

25

.45

%

,

5/17/27

....

$

3,593

$

3,612

L2270498.UP.FTS.B

,

25

.87

%

,

5/17/27

....

9,408

–

L2270155.UP.FTS.B

,

14

.46

%

,

5/28/27

....

40,178

2,906

FW2263763.UP.FTS.B

,

30

.01

%

,

5/28/27

..

7,190

7,257

L2270069.UP.FTS.B

,

9

.27

%

,

6/01/27

....

4,573

4,539

L2473231.UP.FTS.B

,

11

.36

%

,

6/20/27

....

4,429

4,399

L2472806.UP.FTS.B

,

24

.05

%

,

6/20/27

....

9,186

9,223

L2474417.UP.FTS.B

,

25

.31

%

,

6/20/27

....

2,450

2,461

L2475015.UP.FTS.B

,

27

.6

%

,

6/20/27

....

4,792

4,804

FW2475760.UP.FTS.B

,

30

.97

%

,

6/20/27

..

14,457

4,222

L2441819.UP.FTS.B

,

8

.4

%

,

6/21/27

.....

7,444

7,002

L2477405.UP.FTS.B

,

17

.76

%

,

6/21/27

....

17,911

1,295

FW2478138.UP.FTS.B

,

20

.35

%

,

6/21/27

..

14,525

14,590

L2441362.UP.FTS.B

,

20

.97

%

,

6/21/27

....

3,807

3,786

L2477866.UP.FTS.B

,

25

.29

%

,

6/21/27

....

7,657

60

L2480361.UP.FTS.B

,

25

.41

%

,

6/21/27

....

12,908

12,387

FW2476973.UP.FTS.B

,

28

.09

%

,

6/21/27

..

1,676

498

FW2476585.UP.FTS.B

,

28

.45

%

,

6/21/27

..

4,300

4,322

FW2479731.UP.FTS.B

,

10

.13

%

,

7/06/27

..

11,625

11,544

L2656455.UP.FTS.B

,

11

.03

%

,

7/18/27

....

11,941

11,886

L2655372.UP.FTS.B

,

17

.8

%

,

7/18/27

....

6,712

489

L2655430.UP.FTS.B

,

19

%

,

7/18/27

......

22,877

22,669

L2654244.UP.FTS.B

,

19

.24

%

,

7/18/27

....

7,613

2,126

L2657584.UP.FTS.B

,

25

.37

%

,

7/18/27

....

6,222

5,963

FW2656345.UP.FTS.B

,

30

.5

%

,

7/18/27

...

2,914

444

L2783088.UP.FTS.B

,

8

.03

%

,

8/14/27

....

8,076

1,091

L2786749.UP.FTS.B

,

9

.46

%

,

8/14/27

....

7,624

7,562

L2779827.UP.FTS.B

,

9

.72

%

,

8/14/27

....

8,817

8,744

FW2781831.UP.FTS.B

,

11

.07

%

,

8/14/27

..

1,904

137

L2784551.UP.FTS.B

,

11

.17

%

,

8/14/27

....

36,502

34,285

L2755118.UP.FTS.B

,

12

.3

%

,

8/14/27

.....

8,621

8,553

FW2784584.UP.FTS.B

,

12

.62

%

,

8/14/27

..

26,749

26,515

L2759372.UP.FTS.B

,

13

%

,

8/14/27

......

37,525

35,345

L2790624.UP.FTS.B

,

13

.63

%

,

8/14/27

....

9,065

8,994

L2785893.UP.FTS.B

,

13

.78

%

,

8/14/27

....

1,600

1,503

L2757062.UP.FTS.B

,

14

.27

%

,

8/14/27

....

5,131

372

L2790181.UP.FTS.B

,

14

.49

%

,

8/14/27

....

20,179

19,999

L2787854.UP.FTS.B

,

15

.85

%

,

8/14/27

....

2,276

2,267

FW2783637.UP.FTS.B

,

16

.93

%

,

8/14/27

..

6,352

6,303

L2743727.UP.FTS.B

,

16

.97

%

,

8/14/27

....

4,454

4,420

L2780752.UP.FTS.B

,

17

.46

%

,

8/14/27

....

30,098

28,374

L2784632.UP.FTS.B

,

17

.63

%

,

8/14/27

....

5,763

5,717

L2784502.UP.FTS.B

,

17

.69

%

,

8/14/27

....

26,612

25,162

L2785895.UP.FTS.B

,

17

.97

%

,

8/14/27

....

17,140

16,997

FW2780686.UP.FTS.B

,

18

.04

%

,

8/14/27

..

875

869

L2781142.UP.FTS.B

,

18

.71

%

,

8/14/27

....

5,253

4,963

L2780510.UP.FTS.B

,

19

.3

%

,

8/14/27

....

22,629

22,471

L2785370.UP.FTS.B

,

19

.45

%

,

8/14/27

....

16,429

16,259

L2780974.UP.FTS.B

,

19

.58

%

,

8/14/27

....

7,752

7,320

FW2782056.UP.FTS.B

,

19

.7

%

,

8/14/27

...

6,192

6,134

FW2779945.UP.FTS.B

,

19

.77

%

,

8/14/27

..

4,805

348

L2782244.UP.FTS.B

,

19

.84

%

,

8/14/27

....

4,231

3,987

L2790430.UP.FTS.B

,

20

.37

%

,

8/14/27

....

16,375

16,279

L2782188.UP.FTS.B

,

20

.46

%

,

8/14/27

....

11,292

11,271

FW2788480.UP.FTS.B

,

20

.56

%

,

8/14/27

..

4,976

4,963

FW2786123.UP.FTS.B

,

20

.87

%

,

8/14/27

..

2,400

2,400

FW2781956.UP.FTS.B

,

21

.26

%

,

8/14/27

..

4,697

4,452

FW2784824.UP.FTS.B

,

21

.8

%

,

8/14/27

...

2,464

–

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

L2782941.UP.FTS.B

,

21

.84

%

,

8/14/27

....

$

2,408

$

2,408

FW2785231.UP.FTS.B

,

21

.88

%

,

8/14/27

..

8,566

1,264

FW2785285.UP.FTS.B

,

22

%

,

8/14/27

....

8,313

8,250

FW2753534.UP.FTS.B

,

22

.82

%

,

8/14/27

..

8,295

8,258

FW2781557.UP.FTS.B

,

22

.9

%

,

8/14/27

...

38,894

38,850

L2784944.UP.FTS.B

,

23

.08

%

,

8/14/27

....

19,296

19,168

FW2786356.UP.FTS.B

,

23

.15

%

,

8/14/27

..

11,417

1,718

L2783934.UP.FTS.B

,

23

.32

%

,

8/14/27

....

9,372

9,399

FW2788561.UP.FTS.B

,

23

.46

%

,

8/14/27

..

6,151

6,156

L2761176.UP.FTS.B

,

23

.49

%

,

8/14/27

....

4,771

4,730

L2785703.UP.FTS.B

,

23

.84

%

,

8/14/27

....

44,556

42,776

L2779812.UP.FTS.B

,

23

.92

%

,

8/14/27

....

5,815

1,631

L2782866.UP.FTS.B

,

24

.04

%

,

8/14/27

....

8,636

8,233

FW2782192.UP.FTS.B

,

24

.29

%

,

8/14/27

..

31,836

30,466

L2781049.UP.FTS.B

,

24

.35

%

,

8/14/27

....

23,020

22,967

FW2780321.UP.FTS.B

,

24

.37

%

,

8/14/27

..

5,066

4,828

FW2787277.UP.FTS.B

,

24

.63

%

,

8/14/27

..

9,240

–

L2781314.UP.FTS.B

,

24

.73

%

,

8/14/27

....

9,700

9,749

FW2784538.UP.FTS.B

,

24

.77

%

,

8/14/27

..

4,077

4,082

FW2785616.UP.FTS.B

,

24

.82

%

,

8/14/27

..

3,794

3,790

FW2780263.UP.FTS.B

,

25

%

,

8/14/27

....

3,493

3,504

FW2780348.UP.FTS.B

,

25

.03

%

,

8/14/27

..

4,697

1,366

L2788622.UP.FTS.B

,

25

.12

%

,

8/14/27

....

6,954

6,961

L2782121.UP.FTS.B

,

25

.17

%

,

8/14/27

....

6,952

6,609

L2780085.UP.FTS.B

,

25

.23

%

,

8/14/27

....

1,322

1,310

L2783459.UP.FTS.B

,

25

.36

%

,

8/14/27

....

3,573

3,413

FW2784695.UP.FTS.B

,

25

.44

%

,

8/14/27

..

5,049

5,084

L2762162.UP.FTS.B

,

25

.46

%

,

8/14/27

....

819

816

L2780799.UP.FTS.B

,

25

.48

%

,

8/14/27

....

17,551

17,377

L2784786.UP.FTS.B

,

25

.48

%

,

8/14/27

....

22,479

22,527

L2771933.UP.FTS.B

,

25

.49

%

,

8/14/27

....

1,463

1,449

FW2787136.UP.FTS.B

,

25

.59

%

,

8/14/27

..

17,117

17,128

FW2780856.UP.FTS.B

,

25

.75

%

,

8/14/27

..

16,961

16,237

L2783948.UP.FTS.B

,

25

.78

%

,

8/14/27

....

6,343

6,071

L2782068.UP.FTS.B

,

25

.85

%

,

8/14/27

....

20,493

1,453

FW2779937.UP.FTS.B

,

25

.86

%

,

8/14/27

..

12,500

1,844

FW2783121.UP.FTS.B

,

26

.17

%

,

8/14/27

..

4,471

4,484

FW2784157.UP.FTS.B

,

26

.28

%

,

8/14/27

..

37,300

35,647

FW2784070.UP.FTS.B

,

26

.88

%

,

8/14/27

..

14,524

13,887

FW2780366.UP.FTS.B

,

27

.22

%

,

8/14/27

..

2,745

2,746

L2785536.UP.FTS.B

,

27

.43

%

,

8/14/27

....

12,077

11,537

FW2788769.UP.FTS.B

,

27

.54

%

,

8/14/27

..

17,968

17,979

FW2781808.UP.FTS.B

,

28

.36

%

,

8/14/27

..

8,938

8,948

FW2788496.UP.FTS.B

,

28

.72

%

,

8/14/27

..

6,415

6,419

FW2787016.UP.FTS.B

,

28

.75

%

,

8/14/27

..

12,131

12,184

FW2784031.UP.FTS.B

,

29

.77

%

,

8/14/27

..

8,778

8,434

FW2773545.UP.FTS.B

,

29

.8

%

,

8/14/27

...

1,675

1,679

FW2784677.UP.FTS.B

,

29

.98

%

,

8/14/27

..

924

929

FW2786432.UP.FTS.B

,

29

.98

%

,

8/14/27

..

5,112

4,881

FW2787766.UP.FTS.B

,

30

.16

%

,

8/14/27

..

4,713

4,718

FW2784402.UP.FTS.B

,

30

.8

%

,

8/14/27

...

3,648

–

FW2786761.UP.FTS.B

,

30

.87

%

,

8/14/27

..

2,012

2,018

FW2788878.UP.FTS.B

,

30

.91

%

,

8/14/27

..

2,490

2,490

FW2783458.UP.FTS.B

,

30

.93

%

,

8/14/27

..

933

892

FW2786399.UP.FTS.B

,

30

.99

%

,

8/14/27

..

5,824

5,847

FW2787940.UP.FTS.B

,

31

.09

%

,

8/14/27

..

7,013

6,686

FW2784788.UP.FTS.B

,

31

.17

%

,

8/14/27

..

6,299

6,317

FW2784384.UP.FTS.B

,

31

.2

%

,

8/14/27

...

1,911

1,913

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

117

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

FW2785558.UP.FTS.B

,

31

.27

%

,

8/14/27

..

$

3,487

$

1,006

FW2781161.UP.FTS.B

,

32

.42

%

,

8/14/27

..

5,903

881

FW2780086.UP.FTS.B

,

33

.32

%

,

8/14/27

..

2,299

2,307

FW2788584.UP.FTS.B

,

22

.8

%

,

8/16/27

...

10,296

10,288

L2785554.UP.FTS.B

,

23

.22

%

,

8/16/27

....

10,962

10,863

FW2789307.UP.FTS.B

,

29

.22

%

,

8/16/27

..

2,142

2,151

L2788641.UP.FTS.B

,

8

.88

%

,

8/18/27

....

7,613

7,552

L2789222.UP.FTS.B

,

25

.36

%

,

8/20/27

....

1,318

1,319

FW2788124.UP.FTS.B

,

28

.64

%

,

8/20/27

..

8,292

8,283

FW2781849.UP.FTS.B

,

21

.39

%

,

8/21/27

..

8,281

2,312

L1890828.UP.FTS.B

,

25

.46

%

,

8/21/27

....

3,184

3,037

FW2784943.UP.FTS.B

,

17

.86

%

,

8/22/27

..

8,563

8,449

FW2789146.UP.FTS.B

,

27

.73

%

,

8/25/27

..

3,473

3,494

L2786029.UP.FTS.B

,

11

.5

%

,

8/28/27

.....

2,761

2,732

L2782423.UP.FTS.B

,

18

.4

%

,

8/28/27

....

9,622

9,545

L2786225.UP.FTS.B

,

19

.38

%

,

8/28/27

....

10,393

10,290

L2783196.UP.FTS.B

,

22

.61

%

,

8/28/27

....

42,565

1,635

FW2783423.UP.FTS.B

,

26

.53

%

,

8/28/27

..

7,742

7,752

FW2786834.UP.FTS.B

,

31

.16

%

,

8/28/27

..

4,494

2,687

L2929885.UP.FTS.B

,

11

.42

%

,

9/11/27

....

31,611

31,329

L2927750.UP.FTS.B

,

13

.53

%

,

9/11/27

....

5,855

5,803

L2931559.UP.FTS.B

,

14

.36

%

,

9/11/27

....

34,616

34,340

FW2930646.UP.FTS.B

,

15

.55

%

,

9/11/27

..

3,770

3,736

L2931231.UP.FTS.B

,

16

.75

%

,

9/11/27

....

17,898

9,546

L2930149.UP.FTS.B

,

17

.22

%

,

9/11/27

....

7,850

7,771

FW2931505.UP.FTS.B

,

18

.79

%

,

9/11/27

..

11,687

827

L2930569.UP.FTS.B

,

19

.46

%

,

9/11/27

....

18,910

18,782

L2928998.UP.FTS.B

,

20

.3

%

,

9/11/27

.....

16,126

9,274

L2929352.UP.FTS.B

,

20

.34

%

,

9/11/27

....

8,515

2,343

FW2928720.UP.FTS.B

,

21

.08

%

,

9/11/27

..

43,409

25,019

L2929679.UP.FTS.B

,

24

.13

%

,

9/11/27

....

30,704

18,099

L2931286.UP.FTS.B

,

24

.62

%

,

9/11/27

....

15,769

15,559

FW2931412.UP.FTS.B

,

24

.72

%

,

9/11/27

..

4,448

2,480

L2928512.UP.FTS.B

,

24

.85

%

,

9/11/27

....

8,751

8,717

L2931522.UP.FTS.B

,

25

.34

%

,

9/11/27

....

10,504

10,483

FW2932239.UP.FTS.B

,

25

.48

%

,

9/11/27

..

8,714

8,669

L2929019.UP.FTS.B

,

25

.49

%

,

9/11/27

....

2,929

2,923

FW2928712.UP.FTS.B

,

25

.91

%

,

9/11/27

..

3,251

231

L2930287.UP.FTS.B

,

26

.84

%

,

9/11/27

....

14,130

8,375

FW2926514.UP.FTS.B

,

27

.25

%

,

9/11/27

..

21,150

–

FW2928696.UP.FTS.B

,

27

.59

%

,

9/11/27

..

3,673

3,670

FW2929186.UP.FTS.B

,

28

.7

%

,

9/11/27

...

3,499

3,501

FW2927928.UP.FTS.B

,

29

.77

%

,

9/11/27

..

977

979

FW2931217.UP.FTS.B

,

29

.81

%

,

9/11/27

..

8,464

5,035

FW2930626.UP.FTS.B

,

30

.39

%

,

9/11/27

..

359

353

FW2929535.UP.FTS.B

,

30

.91

%

,

9/11/27

..

28,228

16,724

FW2928155.UP.FTS.B

,

30

.92

%

,

9/11/27

..

1,972

1,981

FW2935338.UP.FTS.B

,

9

.15

%

,

9/12/27

...

36,093

35,786

L2932384.UP.FTS.B

,

13

.22

%

,

9/12/27

....

2,630

2,608

L2932973.UP.FTS.B

,

16

.22

%

,

9/12/27

....

2,617

2,592

L2934264.UP.FTS.B

,

17

.04

%

,

9/12/27

....

5,154

5,103

L2930904.UP.FTS.B

,

17

.31

%

,

9/12/27

....

18,259

18,105

FW2934604.UP.FTS.B

,

18

.71

%

,

9/12/27

..

21,425

3,080

L2931006.UP.FTS.B

,

23

.73

%

,

9/12/27

....

6,641

6,603

FW2933357.UP.FTS.B

,

24

.77

%

,

9/12/27

..

2,800

2,793

L2934017.UP.FTS.B

,

25

.27

%

,

9/12/27

....

1,437

1,372

FW2933345.UP.FTS.B

,

25

.32

%

,

9/12/27

..

6,919

1,022

FW2932656.UP.FTS.B

,

27

.65

%

,

9/12/27

..

2,368

2,363

Description

Principal

Amount

Value

Upstart

Network,

Inc.

(continued)

FW2933555.UP.FTS.B

,

30

.59

%

,

9/12/27

..

$

969

$

925

FW2928392.UP.FTS.B

,

12

.26

%

,

9/14/27

..

34,353

34,114

L2935437.UP.FTS.B

,

23

.88

%

,

9/14/27

....

7,767

7,748

L2909526.UP.FTS.B

,

16

.64

%

,

9/15/27

....

5,337

5,287

FW2929902.UP.FTS.B

,

27

.28

%

,

9/17/27

..

4,653

681

FW2932783.UP.FTS.B

,

31

.23

%

,

9/18/27

..

10,223

10,093

L2924609.UP.FTS.B

,

19

.67

%

,

9/22/27

....

23,250

22,893

L2111342.UP.FTS.B

,

25

.1

%

,

9/24/27

.....

1,426

1,426

L2927958.UP.FTS.B

,

15

.19

%

,

9/26/27

....

12,762

12,632

FW2934271.UP.FTS.B

,

23

.29

%

,

9/27/27

..

10,120

10,103

FW2266529.UP.FTS.B

,

27

.38

%

,

10/16/27

.

5,773

5,781

FW2265508.UP.FTS.B

,

30

.96

%

,

10/16/27

.

2,601

389

FW2268177.UP.FTS.B

,

20

.82

%

,

10/17/27

.

2,555

2,570

FW2269400.UP.FTS.B

,

29

.19

%

,

10/17/27

.

4,381

4,426

FW2269705.UP.FTS.B

,

29

.7

%

,

10/17/27

..

3,951

3,981

FW2267501.UP.FTS.B

,

31

.02

%

,

10/17/27

.

3,090

2,961

FW2476186.UP.FTS.B

,

6

.33

%

,

11/21/27

..

15,805

15,697

L2782861.UP.FTS.B

,

13

%

,

1/14/28

......

1,907

1,893

L2784927.UP.FTS.B

,

20

.04

%

,

1/14/28

....

2,299

2,266

L2781714.UP.FTS.B

,

20

.56

%

,

1/14/28

....

21,999

1,589

FW2787933.UP.FTS.B

,

20

.81

%

,

1/14/28

..

643

634

L2781510.UP.FTS.B

,

21

.9

%

,

1/14/28

....

3,516

3,500

FW2779683.UP.FTS.B

,

24

.26

%

,

1/14/28

..

34,705

34,532

L2789126.UP.FTS.B

,

25

.49

%

,

1/14/28

....

3,520

3,334

FW2781921.UP.FTS.B

,

27

.75

%

,

1/14/28

..

3,268

3,122

FW2785839.UP.FTS.B

,

27

.97

%

,

1/14/28

..

12,026

845

FW2780403.UP.FTS.B

,

28

.18

%

,

1/14/28

..

3,814

3,787

FW2786173.UP.FTS.B

,

31

.15

%

,

1/14/28

..

9,314

9,356

FW2784038.UP.FTS.B

,

32

.17

%

,

1/14/28

..

25,022

6

FW2789113.UP.FTS.B

,

34

.45

%

,

1/14/28

..

11,806

11,223

L2786161.UP.FTS.B

,

25

.2

%

,

1/20/28

....

3,774

3,717

L2771055.UP.FTS.B

,

19

.91

%

,

1/21/28

....

5,229

5,239

L2785139.UP.FTS.B

,

21

.47

%

,

1/21/28

....

7,628

7,550

FW2931576.UP.FTS.B

,

23

.07

%

,

2/11/28

..

12,825

12,708

FW2931871.UP.FTS.B

,

28

.6

%

,

2/11/28

...

14,472

8,584

L2016976.UP.FTS.B

,

17

.93

%

,

11/10/28

...

2,772

2,773

L2018384.UP.FTS.B

,

24

.86

%

,

11/10/28

...

5,738

5,762

L2471413.UP.FTS.B

,

14

.77

%

,

1/20/29

....

19,772

19,732

L2474231.UP.FTS.B

,

18

.07

%

,

1/20/29

....

7,706

7,703

L2475358.UP.FTS.B

,

19

.49

%

,

1/20/29

....

4,909

4,912

L2470272.UP.FTS.B

,

21

.01

%

,

1/20/29

....

4,969

4,969

L2471993.UP.FTS.B

,

21

.29

%

,

1/20/29

....

5,766

5,763

L2473174.UP.FTS.B

,

22

.65

%

,

1/20/29

....

7,514

7,548

L2473102.UP.FTS.B

,

23

.59

%

,

1/20/29

....

5,037

5,067

L2477875.UP.FTS.B

,

11

.39

%

,

1/21/29

....

7,698

7,669

L2480052.UP.FTS.B

,

11

.51

%

,

1/21/29

....

1,677

1,670

L2476569.UP.FTS.B

,

12

.1

%

,

1/21/29

....

8,079

8,048

L2481459.UP.FTS.B

,

19

.4

%

,

1/21/29

....

16,073

16,076

L2478078.UP.FTS.B

,

21

.42

%

,

1/21/29

....

4,838

4,855

L2479722.UP.FTS.B

,

22

.71

%

,

1/21/29

....

4,702

4,703

L2478021.UP.FTS.B

,

24

.55

%

,

1/21/29

....

8,444

8,496

L2481996.UP.FTS.B

,

25

.8

%

,

1/21/29

....

1,275

1,277

L2476521.UP.FTS.B

,

26

.04

%

,

1/21/29

....

848

853

L2780235.UP.FTS.B

,

24

.51

%

,

3/14/29

....

13,543

964

L2784369.UP.FTS.B

,

25

.66

%

,

3/14/29

....

1,545

1,543

L2783362.UP.FTS.B

,

25

.93

%

,

3/14/29

....

1,388

1,388

L2781012.UP.FTS.B

,

26

.33

%

,

3/14/29

....

6,575

6,580

L2893504.UP.FTS.B

,

25

.96

%

,

4/11/29

....

630

625

Franklin

Limited

Duration

Income

Trust

Schedule

of

Investments

(unaudited)

Franklin

Limited

Duration

Income

Trust

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

118

Description

Principal

Amount

Value

Marketplace

Loans

(continued)

Upstart

Network,

Inc.

(continued)

L2927882.UP.FTS.B

,

26

.42

%

,

4/11/29

....

$

3,976

$

3,971

L2928275.UP.FTS.B

,

26

.91

%

,

4/11/29

....

3,279

3,270

L2472122.UP.FTS.B

,

18

.59

%

,

6/20/29

....

3,711

3,509

L2476782.UP.FTS.B

,

26

.59

%

,

6/21/29

....

2,199

2,200

L2481405.UP.FTS.B

,

27

.17

%

,

6/21/29

....

5,383

371

L2781565.UP.FTS.B

,

27

%

,

8/14/29

......

2,508

2,405

L2928953.UP.FTS.B

,

25

.86

%

,

9/11/29

....

2,780

2,772

L2899443.UP.FTS.B

,

27

.44

%

,

9/11/29

....

28,021

7,982

14,404,528

Total

Marketplace

Loans

(Cost

$

64,972,468

)

.....

$60,510,654

Franklin

Limited

Duration

Income

Trust

119

Quarterly

Schedule

of

Investments

Notes

to

Schedule

of

Investments

(unaudited)

1.

Organization

Franklin

Limited

Duration

Income

Trust (Fund)

is

registered under

the

Investment

Company

Act

of

1940

(1940

Act)

as

a

closed-end

management

investment

company.

The

Fund

follows

the

accounting

and

reporting

guidance

in

Financial

Accounting

Standards

Board

(FASB)

Accounting

Standards

Codification

Topic

946,

Financial

Services

–

Investment

Companies

(ASC

946)

and

applies

the

specialized

accounting

and

reporting

guidance

in

U.S.

Generally

Accepted

Accounting

Principles

(U.S.

GAAP),

including,

but

not

limited

to,

ASC

946.

2. Financial

Instrument

Valuation

The

Fund's investments

in

financial

instruments

are

carried

at

fair

value

daily.

Fair

value

is

the

price

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

on

the

measurement

date.

The

Fund

calculates the

net

asset

value

(NAV)

per

share

each

business

day

as

of

4

p.m.

Eastern

time

or

the

regularly

scheduled

close

of

the

New

York

Stock

Exchange

(NYSE),

whichever

is

earlier.

Under

compliance

policies

and

procedures

approved

by

the Fund's

Board

of

Trustees

(the

Board),

the

Board

has

designated

the

Fund's

investment

manager

as

the

valuation

designee

and

has

responsibility

for

oversight

of

valuation.

The

investment

manager

is

assisted

by

the

Fund's administrator

in

performing

this responsibility,

including

leading

the

cross-functional

Valuation

Committee

(VC).

The

Fund

may

utilize

independent

pricing

services,

quotations

from

securities

and

financial

instrument

dealers,

and

other

market

sources

to

determine

fair

value.

Equity

securities

listed

on

an

exchange

or

on

the

NASDAQ

National

Market

System

are

valued

at

the

last

quoted

sale

price

or

the

official

closing

price

of

the

day,

respectively.

Foreign

equity

securities

are

valued

as

of

the

close

of

trading

on

the

foreign

stock

exchange

on

which

the

security

is

primarily

traded

or

as

of

4

p.m.

Eastern

time.

The

value

is

then

converted

into

its

U.S.

dollar

equivalent

at

the

foreign

exchange

rate

in

effect

at

4

p.m. Eastern

time

on

the

day

that

the

value

of

the

security

is

determined.

Over-the-counter

(OTC)

securities

are

valued

within

the

range

of

the

most

recent

quoted

bid

and

ask

prices.

Securities

that

trade

in

multiple

markets

or

on

multiple

exchanges

are

valued

according

to

the

broadest

and

most

representative

market.

Certain

equity

securities

are

valued

based

upon

fundamental

characteristics

or

relationships

to

similar

securities.

Debt

securities

generally

trade

in

the

OTC

 market

rather

than

on

a

securities

exchange.

The Fund's

pricing

services

use

multiple

valuation

techniques

to

determine

fair

value.

In

instances

where

sufficient

market

activity

exists,

the

pricing

services

may

utilize

a

market-based

approach

through

which

quotes

from

market

makers

are

used

to

determine

fair

value.

In

instances

where

sufficient

market

activity

may

not

exist

or

is

limited,

the

pricing

services

also

utilize

proprietary

valuation

models

which

may

consider

market

characteristics

such

as

benchmark

yield

curves,

credit

spreads,

estimated

default

rates,

anticipated

market

interest

rate

volatility,

coupon

rates,

anticipated

timing

of

principal

repayments,

underlying

collateral,

and

other

unique

security

features

in

order

to

estimate

the

relevant

cash

flows,

which

are

then

discounted

to

calculate

the

fair

value.

Investments

in

open-end

mutual

funds

are

valued

at

the

closing

NAV.

The

Fund

has procedures

to

determine

the

fair

value

of

financial

instruments

for

which

market

prices

are

not

reliable

or

readily

available.

Under

these

procedures,

the

Fund

primarily employs

a

market-based

approach

which

may

use

related

or

comparable

assets

or

liabilities,

recent

transactions,

market

multiples,

and

other

relevant

information

for

the

investment

to

determine

the

fair

value

of

the

investment.

An

income-based

valuation

approach

may

also

be

used

in

which

the

anticipated

future

cash

flows

of

the

investment

are

discounted

to

calculate

fair

value.

Discounts

may

also

be

applied

due

to

the

nature

or

duration

of

any

restrictions

on

the

disposition

of

the

investments.

Due

to

the

inherent

uncertainty

of

valuations

of

such

investments,

the

fair

values

may

differ

significantly

from

the

values

that

would

have

been

used

had

an

active

market

existed. 

Trading

in

securities

on

foreign

securities

stock

exchanges

and

OTC

markets

may

be

completed

before

4

p.m.

Eastern

time.

In

addition,

trading

in

certain

foreign

markets

may

not

take

place

on

every

Fund’s

business

day.

Events

can

occur

between

the

time

at

which

trading

in

a

foreign

security

is

completed

and

4

p.m.

Eastern

time

that

might

call

into

question

the

reliability

of

the

value

of

a

portfolio

security

held

by

the Fund.

As

a

result,

differences

may

arise

between

the

value

of

the Fund’s

portfolio

securities

as

determined

at

the

foreign

market

close

and

the

latest

indications

of

value

at

4

p.m.

Eastern

time.

In

order

to

Franklin

Limited

Duration

Income

Trust

Notes

to

Schedule

of

Investments

(unaudited)

120

Quarterly

Schedule

of

Investments

minimize

the

potential

for

these

differences, an

independent

pricing

service

may

be

used

to

adjust

the

value

of

the Fund's

portfolio

securities

to

the

latest

indications

of

fair

value

at

4

p.m.

Eastern

time.

At March

31,

2024,

certain

securities

may

have

been

fair

valued

using

these

procedures,

in

which

case

the

securities

were

categorized

as

Level

2

within

the

fair

value

hierarchy

(referred

to

as

"market

level

fair

value").

See

the

Fair

Value

Measurements

note

for

more

information.

When

the

last

day

of

the

reporting

period

is

a

non-business

day,

certain

foreign

markets

may

be

open

on

those

days

that

the

Fund’s NAV

is

not

calculated,

which

could

result

in

differences

between

the

value

of

the

Fund’s

portfolio

securities

on

the

last

business

day

and

the

last

calendar

day

of

the

reporting

period.

Any security

valuation

changes

due

to

an

open

foreign

market

are

adjusted

and

reflected

by

the

Fund

for

financial

reporting

purposes.

3.

Restricted

Securities

At

March

31,

2024,

investments

in

restricted

securities,

excluding

securities

exempt

from

registration

under

the

Securities

Act

of

1933,

were

as

follows:

4.

Unfunded

Loan

Commitments

The

Fund enters

into

certain

credit

agreements,

all

or

a

portion

of

which

may

be

unfunded.

The

Fund

is

obligated

to

fund

these

loan

commitments

at

the

borrowers’

discretion.

Unfunded

loan

commitments

and

funded

portions

of

credit

agreements

are

marked

to

market

daily.

Funded

portions

of

credit

agreements

are

presented

in

the Schedule

of of

Investments.

At

March

31,

2024,

unfunded

commitments

were

as

follows:

5.

Investments

in

Affiliated

Management

Investment

Companies 

The

Fund

invests

in

one

or

more

affiliated

management

investment

companies.

As

defined

in

the

1940

Act,

an

investment

is

deemed

to

be

a

"Controlled

Affiliate"

of

a

fund

when

a

fund

owns,

either

directly

or

indirectly,

25%

or

more

of

the

affiliated

fund's

outstanding

shares

or

has

the

power

to

exercise

control

over

management

or

policies

of

such

fund.

The

Fund

does

not

invest

for

purposes

of

exercising

a

controlling

influence

over

the

management

or

policies.

During

the

period

ended

March

31,

2024,

the

Fund

held

investments

in

affiliated

management

investment

companies

as

follows:

Principal

Amount

*

Issuer

Acquisition

Date

Cost

Value

Franklin

Limited

Duration

Income

Trust

606,187

Murray

Energy

Corp.,

Secured

Note,

144A,

PIK,

12%,

4/15/24

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

4/09/15

-

4/15/19

$

678,023

$

—

Total

Restricted

Securities

(Value

is

—%

of

Net

Assets)

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

$678,023

$—

*

In

U.S.

dollars

unless

otherwise

indicated.

Borrower

Unfunded

Commitment

Franklin

Limited

Duration

Income

Trust

Osmosis

Buyer

Ltd.

$

16,287

$

16,287

2. Financial

Instrument

Valuation

(continued)

Franklin

Limited

Duration

Income

Trust

Notes

to

Schedule

of

Investments

(unaudited)

121

Quarterly

Schedule

of

Investments

6. Fair

Value

Measurements 

The Fund

follows a

fair

value

hierarchy

that

distinguishes

between

market

data

obtained

from

independent

sources

(observable

inputs)

and

the Fund's

own

market

assumptions

(unobservable

inputs).

These

inputs

are

used

in

determining

the

value

of

the

Fund's

financial

instruments

and

are

summarized

in

the

following

fair

value

hierarchy:

Level

1

–

quoted

prices

in

active

markets

for

identical

financial

instruments

Level

2

–

other

significant

observable

inputs

(including

quoted

prices

for

similar

financial

instruments,

interest

rates,

prepayment

speed,

credit

risk,

etc.)

Level

3

–

significant

unobservable

inputs

(including

the

Fund's

own

assumptions

in

determining

the

fair

value

of

financial

instruments)

The

input

levels

are

not

necessarily

an

indication

of

the

risk

or

liquidity

associated

with

financial

instruments

at

that

level.

A

summary

of

inputs

used

as

of

March

31,

2024,

in

valuing

the Fund's

assets

and

liabilities

carried

at

fair

value,

is

as

follows:  

    aa

Value

at

Beginning

of

Period

Purchases

Sales

Realized

Gain

(Loss)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

End

of

Period

Number

of

Shares

Held

at

End

of

Period

Investment

Income

a      

a  

a  

a  

a  

a  

a  

a  

Franklin

Limited

Duration

Income

Trust

Non-Controlled

Affiliates

Dividends

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.997%

$9,910,192

$33,858,515

$(35,870,786)

$—

$—

$7,897,921

7,897,921

$95,411

Total

Affiliated

Securities

...

$9,910,192

$33,858,515

$(35,870,786)

$—

$—

$7,897,921

$95,411

Level

1

Level

2

Level

3

Total

Franklin

Limited

Duration

Income

Trust

Assets:

Investments

in

Securities:

Common

Stocks

:

Hotels,

Restaurants

&

Leisure

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

$

—

$

4,554

$

—

$

4,554

Independent

Power

and

Renewable

Electricity

Producers

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

314,940

943,500

—

1,258,440

Metals

&

Mining

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

169,807

—

—

169,807

Oil,

Gas

&

Consumable

Fuels

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

4,172

179,382

—

183,554

Specialty

Retail

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

—

—

—

a

—

Preferred

Stocks

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

—

886

—

886

Warrants

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

1,878

—

—

1,878

Corporate

Bonds

:

Automobile

Components

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

—

3,664,509

—

3,664,509

Automobiles

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

—

1,252,351

—

1,252,351

Banks

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

—

1,501,170

—

1,501,170

Beverages

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

—

644,375

—

644,375

Biotechnology

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

—

428,287

—

428,287

Broadline

Retail

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

—

954,363

—

954,363

Building

Products

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

—

5,968,548

—

5,968,548

Capital

Markets

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

—

970,758

—

970,758

Chemicals

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

—

6,722,939

—

6,722,939

Commercial

Services

&

Supplies

...........

—

3,858,053

—

3,858,053

5.

Investments

in

Affiliated

Management

Investment

Companies 

(continued)

Franklin

Limited

Duration

Income

Trust

Notes

to

Schedule

of

Investments

(unaudited)

122

Quarterly

Schedule

of

Investments

Level

1

Level

2

Level

3

Total

Franklin

Limited

Duration

Income

Trust

(continued)

Assets:

(continued)

Investments

in

Securities:

Corporate

Bonds:

Communications

Equipment

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

$

—

$

217,751

$

—

$

217,751

Construction

&

Engineering

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

—

1,044,895

—

1,044,895

Consumer

Finance

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

—

4,924,159

—

4,924,159

Consumer

Staples

Distribution

&

Retail

......

—

717,435

—

717,435

Containers

&

Packaging

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

—

8,357,113

—

8,357,113

Distributors

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

—

830,135

—

830,135

Diversified

Consumer

Services

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

—

2,006,985

—

2,006,985

Diversified

REITs

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

—

2,120,212

—

2,120,212

Diversified

Telecommunication

Services

.....

—

949,393

—

949,393

Electric

Utilities

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

—

1,658,305

—

1,658,305

Electrical

Equipment

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

—

2,125,166

—

2,125,166

Electronic

Equipment,

Instruments

&

Components

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

—

907,930

—

907,930

Energy

Equipment

&

Services

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

—

5,952,932

—

5,952,932

Entertainment

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

—

1,135,409

—

1,135,409

Financial

Services

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

—

5,019,978

—

5,019,978

Food

Products

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

—

2,101,133

—

2,101,133

Ground

Transportation

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

—

798,542

—

798,542

Health

Care

Equipment

&

Supplies

.........

—

1,525,812

—

1,525,812

Health

Care

Providers

&

Services

..........

—

5,424,606

—

5,424,606

Hotel

&

Resort

REITs

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

—

1,413,736

—

1,413,736

Hotels,

Restaurants

&

Leisure

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

—

8,536,758

—

a

8,536,758

Household

Durables

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

—

3,524,482

—

3,524,482

Independent

Power

and

Renewable

Electricity

Producers

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

—

3,093,785

—

3,093,785

Insurance

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

—

2,380,563

—

2,380,563

IT

Services

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

—

2,819,634

—

2,819,634

Life

Sciences

Tools

&

Services

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

—

1,033,534

—

1,033,534

Machinery

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

—

3,563,990

—

3,563,990

Media

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

—

5,765,295

—

5,765,295

Metals

&

Mining

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

—

2,895,256

—

2,895,256

Mortgage

Real

Estate

Investment

Trusts

(REITs)

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

—

1,989,412

—

1,989,412

Oil,

Gas

&

Consumable

Fuels

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

—

15,821,301

—

a

15,821,301

Paper

&

Forest

Products

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

—

341,227

—

341,227

Passenger

Airlines

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

—

1,121,437

—

1,121,437

Personal

Care

Products

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

—

609,775

—

609,775

Pharmaceuticals

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

—

2,184,802

—

2,184,802

Real

Estate

Management

&

Development

....

—

1,861,027

—

1,861,027

Software

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

—

2,790,913

—

2,790,913

Specialized

REITs

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

—

1,020,152

—

1,020,152

Specialty

Retail

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

—

2,017,644

—

2,017,644

Textiles,

Apparel

&

Luxury

Goods

..........

—

411,298

—

411,298

Trading

Companies

&

Distributors

..........

—

1,925,043

—

1,925,043

Wireless

Telecommunication

Services

.......

—

725,254

—

725,254

Senior

Floating

Rate

Interests

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

—

121,152,374

—

121,152,374

Marketplace

Loans

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

—

—

60,510,654

60,510,654

Asset-Backed

Securities

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

—

41,573,845

—

41,573,845

Commercial

Mortgage-Backed

Securities

......

—

2,868,699

—

2,868,699

Mortgage-Backed

Securities

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

—

43,690,978

—

43,690,978

Escrows

and

Litigation

Trusts

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

—

—

—

a

—

Short

Term

Investments

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

7,897,921

—

—

7,897,921

Total

Investments

in

Securities

...........

$8,388,718

$352,043,780

$60,510,654

$420,943,152

6. Fair

Value

Measurements 

(continued)

Franklin

Limited

Duration

Income

Trust

Notes

to

Schedule

of

Investments

(unaudited)

123

Quarterly

Schedule

of

Investments

A

reconciliation

in

which

Level

3

inputs

are

used

in

determining

fair

value

is

presented

when

there

are

significant

Level

3

assets

and/or

liabilities

at

the

beginning

and/or

end

of

the

period.

At March

31,

2024,

the

reconciliation

is

as

follows:

Level

1

Level

2

Level

3

Total

Franklin

Limited

Duration

Income

Trust

(continued)

Assets:

(continued)

Other

Financial

Instruments:

Unfunded

Loan

Commitments

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

$—

$93

$—

$93

Total

Other

Financial

Instruments

.........

$—

$93

$—

$93

Liabilities:

Other

Financial

Instruments:

Reverse

Repurchase

Agreements

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

$

—

$

11,989,657

$

—

$

11,989,657

Total

Other

Financial

Instruments

.........

$—

$11,989,657

$—

$11,989,657

a

Includes

financial

instruments

determined

to

have

no

value.

Balance

at

Beginning

of

Period

Purchases

a

Sales

b

Transfer

Into

Level

3

Transfer

Out

of

Level

3

Net

Accretion

(

Amortiza

-

tion

)

Net

Realized

Gain

(Loss)

Net

Unr

ealized

Appreciatio

n

(

Depreciation

)

Balance

at

End

of

Period

Net

Change

in

Unrealized

Appreciation

(Depreciation)

on

Assets

Held

at

Period

End

a

a

a

a

a

a

a

a

a

a

a

Franklin

Limited

Duration

Income

Trust

Assets:

Investments

in

Securities:

Common

Stocks

:

Specialty

Retail

.....

$

—

$

30,880

$

—

$

—

$

—

$

—

$

—

$

(30,880)

$

—

c

$

(30,880)

Corporate

Bonds

:

Hotels,

Restaurants

&

Leisure

.........

—

c

—

—

—

—

—

—

—

—

c

—

Oil,

Gas

&

Consumable

Fuels

..........

—

c

—

—

—

—

—

—

—

—

c

—

Marketplace

Loans

:

Financial

Services

...

61,197,754

8,868,722

(9,826,470)

—

—

—

(211,724)

482,372

60,510,654

(46,541)

Escrows

and

Litigation

Trusts

:

—

c

—

—

—

—

—

—

—

—

c

—

Total

Investments

in

Securities

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

$61,197,754

$8,899,602

$(9,826,470)

$—

$—

$—

$(211,724)

$451,492

$60,510,654

$(77,421)

a

Purchases

include

all

purchases

of

securities

and

securities

received

in

corporate

actions.

b

Sales

include

all

sales

of

securities,

maturities,

paydowns

and

securities

tendered

in

corporate

actions.

c

Includes

financial

instruments

determined

to

have

no

value.

6. Fair

Value

Measurements 

(continued)

Franklin

Limited

Duration

Income

Trust

Notes

to

Schedule

of

Investments

(unaudited)

124

Quarterly

Schedule

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

March

31,

2024,

are

as

follows:

Abbreviations

Description

Fair

Value

at

End

of

Period

Valuation

Technique

Unobservable

Inputs

Amount/Range

(Weighted

Average)

a

Impact

to

Fair

Value

if

Input

Increases

b

Franklin

Limited

Duration

Income

Trust

Assets:

Investments

in

Securities:

Marketplace

Loans:

Financial

Services

.........

60,510,654

Discounted

cash

flow

Loss-adjusted

discount

rate

0.5%

-

18.1%

(9.5%)

Decrease

Projected

loss

rate

2.5%

-

44.0%

(11.8%)

Decrease

All

Other

Investments

..........

—

c

Total

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

$60,510,654

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

financial

instruments

determined

to

have

no

value.

Cu

r

rency

USD

United

States

Dollar

Selected

Portfolio

CLO

Collateralized

Loan

Obligation

CME

Chicago

Mercantile

Exchange

FHLMC

Federal

Home

Loan

Mortgage

Corp.

FNMA

Federal

National

Mortgage

Association

FRN

Floating

Rate

Note

GNMA

Government

National

Mortgage

Association

IBOR

Interbank

Offered

Rate

LIBOR

London

Interbank

Offered

Rate

MBS

Mortgage-Backed

Security

PIK

Payment-In-Kind

REIT

Real

Estate

Investment

Trust

SOFR

Secured

Overnight

Financing

Rate

6. Fair

Value

Measurements 

(continued)

For

additional

information

on

the

Fund's

significant

accounting

policies,

please

refer

to

the Fund's

most

recent

semiannual

or

annual

shareholder

report.