Not
FDIC
Insured
May
Lose
Value
No
Bank
Guarantee
FIST-Q3PH
1
Schedules
of
Investments
(unaudited)
Franklin
Convertible
Securities
Fund
2
Franklin
Equity
Income
Fund
6
Franklin
Floating
Rate
Daily
Access
Fund
10
Franklin
Low
Duration
Total
Return
Fund
25
Franklin
Low
Duration
U.S.
Government
Securities
Fund
127
Franklin
Managed
Income
Fund
130
Franklin
Total
Return
Fund
141
Notes
to
Schedules
of
Investments
272
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2023
Franklin
Convertible
Securities
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
2
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
4.3%
Automobile
Components
1.8%
a
Aptiv
plc
............................................
United
States
462,422
$
50,630,585
Electric
Utilities
1.4%
NextEra
Energy,
Inc.
...................................
United
States
554,360
40,634,588
Semiconductors
&
Semiconductor
Equipment
0.4%
a
Silicon
Laboratories,
Inc.
................................
United
States
84,500
12,602,330
Software
0.7%
a
Palo
Alto
Networks,
Inc.
................................
United
States
81,071
20,264,507
Total
Common
Stocks
(Cost
$116,702,433)
.....................................
124,132,010
Convertible
Preferred
Stocks
8.2%
Capital
Markets
2.3%
KKR
Group
Co.,
Inc.,
6%,
C
.............................
United
States
960,000
67,065,600
Electric
Utilities
3.3%
American
Electric
Power
Co.,
Inc.,
6.125%
..................
United
States
600,000
29,844,000
PG&E
Corp.,
5.5%
....................................
United
States
430,000
65,691,100
95,535,100
Machinery
1.0%
RBC
Bearings,
Inc.,
5%,
A
...............................
United
States
250,000
27,152,500
Multi-Utilities
1.6%
b
NiSource,
Inc.,
7.75%
..................................
United
States
450,000
46,345,500
Total
Convertible
Preferred
Stocks
(Cost
$190,937,580)
..........................
236,098,700
Principal
Amount
*
Convertible
Bonds
80.3%
Aerospace
&
Defense
1.6%
c
Axon
Enterprise,
Inc.
,
Senior
Note
,
144A,
0.5
%
,
12/15/27
.......
United
States
45,000,000
46,552,500
Biotechnology
7.5%
Ascendis
Pharma
A/S
,
Senior
Note
,
2.25
%
,
4/01/28
...........
Denmark
32,500,000
29,635,938
Insmed,
Inc.
,
Senior
Note
,
0.75
%
,
6/01/28
...................
United
States
46,000,000
39,790,000
Intercept
Pharmaceuticals,
Inc.
,
Senior
Note
,
2
%
,
5/15/26
.......
United
States
21,000,000
16,894,451
c
Mirum
Pharmaceuticals,
Inc.
,
Senior
Note
,
144A,
4
%
,
5/01/29
....
United
States
16,500,000
18,572,812
Neurocrine
Biosciences,
Inc.
,
Senior
Note
,
2.25
%
,
5/15/24
......
United
States
44,750,000
61,464,125
PTC
Therapeutics,
Inc.
,
Senior
Note
,
1.5
%
,
9/15/26
............
United
States
48,000,000
49,056,000
215,413,326
Broadline
Retail
4.1%
Etsy,
Inc.
,
Senior
Note
,
0.125
%
,
9/01/27
....................
United
States
72,500,000
63,988,983
PDD
Holdings,
Inc.
,
Senior
Note
,
Zero
Cpn.,
12/01/25
..........
China
55,000,000
53,904,028
117,893,011
Communications
Equipment
0.7%
c
Viavi
Solutions,
Inc.
,
Senior
Note
,
144A,
1.625
%
,
3/15/26
.......
United
States
20,709,000
21,174,952
Consumer
Staples
Distribution
&
Retail
0.8%
c
Chefs'
Warehouse,
Inc.
(The)
,
Senior
Note
,
144A,
2.375
%
,
12/15/28
United
States
21,000,000
22,228,500
Electric
Utilities
0.5%
c
Duke
Energy
Corp.
,
Senior
Note
,
144A,
4.125
%
,
4/15/26
........
United
States
15,000,000
14,805,000
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Convertible
Securities
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
3
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Convertible
Bonds
(continued)
Energy
Equipment
&
Services
1.1%
Oil
States
International,
Inc.
,
Senior
Note
,
4.75
%
,
4/01/26
.......
United
States
28,000,000
$
30,381,191
Financial
Services
4.9%
Block,
Inc.
,
Senior
Note,
Zero
Cpn.,
5/01/26
........................
United
States
24,500,000
20,690,250
Senior
Note,
0.25%,
11/01/27
..........................
United
States
45,000,000
35,381,250
c
Repay
Holdings
Corp.
,
Senior
Note
,
144A,
Zero
Cpn.,
2/01/26
....
United
States
19,000,000
15,733,900
Shift4
Payments,
Inc.
,
Senior
Note,
Zero
Cpn.,
12/15/25
.......................
United
States
36,000,000
39,276,000
Senior
Note,
0.5%,
8/01/27
............................
United
States
35,000,000
31,290,000
142,371,400
Food
Products
2.4%
c
Freshpet,
Inc.
,
Senior
Note
,
144A,
3
%
,
4/01/28
...............
United
States
27,000,000
34,215,750
c
Post
Holdings,
Inc.
,
Senior
Note
,
144A,
2.5
%
,
8/15/27
..........
United
States
36,000,000
35,964,000
70,179,750
Ground
Transportation
2.9%
Lyft,
Inc.
,
Senior
Note
,
1.5
%
,
5/15/25
.......................
United
States
61,000,000
55,845,500
Uber
Technologies,
Inc.
,
Senior
Note
,
Zero
Cpn.,
12/15/25
......
United
States
30,000,000
28,961,597
84,807,097
Health
Care
Equipment
&
Supplies
7.0%
Dexcom,
Inc.
,
Senior
Note,
0.25%,
11/15/25
..........................
United
States
31,000,000
32,767,524
c
Senior
Note,
144A,
0.375%,
5/15/28
.....................
United
States
32,250,000
32,572,500
Haemonetics
Corp.
,
Senior
Note
,
Zero
Cpn.,
3/01/26
...........
United
States
37,500,000
32,626,745
Insulet
Corp.
,
Senior
Note
,
0.375
%
,
9/01/26
.................
United
States
50,000,000
66,475,000
c
Integer
Holdings
Corp.
,
Senior
Note
,
144A,
2.125
%
,
2/15/28
.....
United
States
30,000,000
36,690,000
201,131,769
Health
Care
Providers
&
Services
1.3%
Accolade,
Inc.
,
Senior
Note
,
0.5
%
,
4/01/26
..................
United
States
19,000,000
16,074,597
Guardant
Health,
Inc.
,
Senior
Note
,
Zero
Cpn.,
11/15/27
........
United
States
20,000,000
14,723,367
NeoGenomics,
Inc.
,
Senior
Note
,
0.25
%
,
1/15/28
.............
United
States
9,500,000
7,071,563
37,869,527
Hotel
&
Resort
REITs
0.8%
Pebblebrook
Hotel
Trust
,
Senior
Note
,
1.75
%
,
12/15/26
.........
United
States
26,000,000
22,802,218
Hotels,
Restaurants
&
Leisure
2.5%
Booking
Holdings,
Inc.
,
Senior
Note
,
0.75
%
,
5/01/25
...........
United
States
19,000,000
30,827,500
Vail
Resorts,
Inc.
,
Senior
Note
,
Zero
Cpn.,
1/01/26
............
United
States
48,000,000
42,720,000
73,547,500
Interactive
Media
&
Services
2.2%
Snap,
Inc.
,
Senior
Note,
Zero
Cpn.,
5/01/27
........................
United
States
41,000,000
30,934,500
Senior
Note,
0.125%,
3/01/28
..........................
United
States
43,000,000
31,089,000
62,023,500
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Convertible
Securities
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
4
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Convertible
Bonds
(continued)
IT
Services
4.1%
Cloudflare,
Inc.
,
Senior
Note
,
Zero
Cpn.,
8/15/26
..............
United
States
66,200,000
$
57,064,400
Okta,
Inc.
,
Senior
Note
,
0.125
%
,
9/01/25
....................
United
States
53,000,000
48,362,500
Wix.com
Ltd.
,
Senior
Note
,
Zero
Cpn.,
8/15/25
...............
Israel
15,400,000
13,652,100
119,079,000
Life
Sciences
Tools
&
Services
0.9%
Illumina,
Inc.
,
Senior
Note
,
Zero
Cpn.,
8/15/23
................
United
States
25,750,000
25,813,409
Media
5.4%
Cable
One,
Inc.
,
Senior
Note,
Zero
Cpn.,
3/15/26
........................
United
States
48,750,000
40,316,250
Senior
Note,
1.125%,
3/15/28
..........................
United
States
36,250,000
27,821,875
c
Liberty
Broadband
Corp.
,
Senior
Bond
,
144A,
3.125
%
,
3/31/53
...
United
States
62,000,000
63,302,000
c
Liberty
Media
Corp.
,
Senior
Note
,
144A,
3.75
%
,
3/15/28
........
United
States
23,000,000
25,116,000
156,556,125
Metals
&
Mining
2.9%
c
Ivanhoe
Mines
Ltd.
,
Senior
Note
,
144A,
2.5
%
,
4/15/26
..........
Canada
55,000,000
84,172,589
Pharmaceuticals
3.4%
Jazz
Investments
I
Ltd.
,
Senior
Note,
1.5%,
8/15/24
............................
United
States
34,750,000
33,438,188
Senior
Note,
2%,
6/15/26
.............................
United
States
35,000,000
36,400,000
Revance
Therapeutics,
Inc.
,
Senior
Note
,
1.75
%
,
2/15/27
.......
United
States
27,000,000
27,445,500
97,283,688
Professional
Services
1.3%
Upwork,
Inc.
,
Senior
Note
,
0.25
%
,
8/15/26
...................
United
States
44,000,000
36,801,273
Real
Estate
Management
&
Development
1.2%
Zillow
Group,
Inc.
,
Senior
Note
,
2.75
%
,
5/15/25
...............
United
States
31,500,000
34,634,250
Semiconductors
&
Semiconductor
Equipment
3.0%
MACOM
Technology
Solutions
Holdings,
Inc.
,
Senior
Note
,
0.25
%
,
3/15/26
...........................................
United
States
31,000,000
32,255,500
Wolfspeed,
Inc.
,
Senior
Note,
0.25%,
2/15/28
...........................
United
States
29,900,000
25,026,300
c
Senior
Note,
144A,
1.875%,
12/01/29
....................
United
States
35,000,000
30,310,000
87,591,800
Software
10.8%
BILL
Holdings,
Inc.
,
Zero
Cpn.,
4/01/27
..................................
United
States
37,000,000
30,686,875
Senior
Note,
Zero
Cpn.,
12/01/25
.......................
United
States
37,500,000
40,387,500
BlackLine,
Inc.
,
Senior
Note
,
0.125
%
,
8/01/24
................
United
States
9,500,000
9,695,700
Envestnet,
Inc.
,
Senior
Note,
0.75%,
8/15/25
...........................
United
States
4,900,000
4,544,750
c
Senior
Note,
144A,
2.625%,
12/01/27
....................
United
States
47,500,000
51,300,000
Guidewire
Software,
Inc.
,
Senior
Note
,
1.25
%
,
3/15/25
.........
United
States
44,000,000
43,450,000
HubSpot,
Inc.
,
Senior
Note
,
0.375
%
,
6/01/25
.................
United
States
37,500,000
77,868,750
Splunk,
Inc.
,
Senior
Note
,
1.125
%
,
9/15/25
..................
United
States
22,500,000
22,542,188
Workiva,
Inc.
,
Senior
Note
,
1.125
%
,
8/15/26
.................
United
States
22,000,000
31,660,722
312,136,485
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Convertible
Securities
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
5
See
A
bbreviations
on
page
286
.
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Convertible
Bonds
(continued)
Specialty
Retail
7.0%
Burlington
Stores,
Inc.
,
Senior
Note
,
2.25
%
,
4/15/25
...........
United
States
53,000,000
$
57,604,375
RealReal,
Inc.
(The)
,
Senior
Note
,
1
%
,
3/01/28
...............
United
States
30,000,000
13,140,000
RH
,
Senior
Note
,
Zero
Cpn.,
9/15/24
.......................
United
States
24,000,000
44,388,000
c
Wayfair,
Inc.
,
Senior
Note,
144A,
3.25%,
9/15/27
......................
United
States
47,250,000
67,921,875
Senior
Note,
144A,
3.5%,
11/15/28
......................
United
States
10,250,000
19,103,058
202,157,308
Total
Convertible
Bonds
(Cost
$2,298,886,515)
..................................
2,319,407,168
Total
Long
Term
Investments
(Cost
$2,606,526,528)
.............................
2,679,637,878
a
Short
Term
Investments
7.1%
a
a
Country
Shares
a
Value
a
a
a
Money
Market
Funds
7.1%
d,e
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
....
United
States
205,441,445
205,441,445
Total
Money
Market
Funds
(Cost
$205,441,445)
.................................
205,441,445
Total
Short
Term
Investments
(Cost
$205,441,445
)
...............................
205,441,445
a
Total
Investments
(Cost
$2,811,967,973)
99.9%
..................................
$2,885,079,323
Other
Assets,
less
Liabilities
0.1%
.............................................
3,203,329
Net
Assets
100.0%
...........................................................
$2,888,282,652
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
a
Non-income
producing.
b
See
Note
5
regarding
holdings
of
5%
voting
securities.
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
July
31,
2023,
the
aggregate
value
of
these
securities
was
$619,735,436,
representing
21.5%
of
net
assets.
d
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
e
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2023
Franklin
Equity
Income
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
6
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
85.3%
Aerospace
&
Defense
3.1%
L3Harris
Technologies,
Inc.
..............................
United
States
80,000
$
15,159,200
Lockheed
Martin
Corp.
.................................
United
States
16,000
7,141,920
RTX
Corp.
..........................................
United
States
1,090,000
95,843,700
118,144,820
Air
Freight
&
Logistics
2.4%
United
Parcel
Service,
Inc.,
B
............................
United
States
480,000
89,822,400
Banks
7.2%
Bank
of
America
Corp.
.................................
United
States
2,565,000
82,080,000
JPMorgan
Chase
&
Co.
.................................
United
States
1,057,500
167,042,700
Truist
Financial
Corp.
..................................
United
States
700,000
23,254,000
272,376,700
Beverages
3.6%
Coca-Cola
Co.
(The)
...................................
United
States
906,000
56,108,580
PepsiCo,
Inc.
........................................
United
States
430,000
80,607,800
136,716,380
Capital
Markets
7.4%
Ares
Management
Corp.,
A
..............................
United
States
675,000
66,973,500
BlackRock,
Inc.
.......................................
United
States
76,500
56,522,025
Blackstone,
Inc.
......................................
United
States
240,000
25,149,600
Morgan
Stanley
.......................................
United
States
1,435,000
131,388,600
280,033,725
Chemicals
1.3%
BASF
SE
...........................................
Germany
505,000
27,076,025
Huntsman
Corp.
......................................
United
States
715,000
21,285,550
48,361,575
Commercial
Services
&
Supplies
0.2%
Republic
Services,
Inc.,
A
...............................
United
States
50,000
7,555,500
Communications
Equipment
2.2%
Cisco
Systems,
Inc.
...................................
United
States
1,590,000
82,743,600
Consumer
Finance
0.2%
American
Express
Co.
.................................
United
States
55,000
9,288,400
Consumer
Staples
Distribution
&
Retail
2.4%
Target
Corp.
.........................................
United
States
275,000
37,529,250
Walmart,
Inc.
........................................
United
States
335,000
53,553,100
91,082,350
Diversified
Telecommunication
Services
0.2%
TELUS
Corp.
........................................
Canada
459,000
8,173,305
Electric
Utilities
4.5%
Duke
Energy
Corp.
....................................
United
States
935,000
87,534,700
Evergy
,
Inc.
..........................................
United
States
475,000
28,485,750
NextEra
Energy,
Inc.
...................................
United
States
740,000
54,242,000
170,262,450
Electrical
Equipment
2.0%
Eaton
Corp.
plc
.......................................
United
States
295,000
60,569,400
Emerson
Electric
Co.
..................................
United
States
160,000
14,616,000
75,185,400
Electronic
Equipment,
Instruments
&
Components
0.3%
TE
Connectivity
Ltd.
...................................
United
States
81,500
11,694,435
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Equity
Income
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
7
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Financial
Services
2.2%
Apollo
Global
Management,
Inc.
..........................
United
States
1,015,000
$
82,935,650
Food
Products
1.0%
Mondelez
International,
Inc.,
A
............................
United
States
497,500
36,879,675
Ground
Transportation
1.2%
Norfolk
Southern
Corp.
.................................
United
States
195,500
45,666,845
Health
Care
Equipment
&
Supplies
4.0%
Becton
Dickinson
&
Co.
.................................
United
States
119,091
33,181,134
a
Boston
Scientific
Corp.
.................................
United
States
700,000
36,295,000
Medtronic
plc
........................................
United
States
932,500
81,836,200
151,312,334
Health
Care
Providers
&
Services
3.7%
HCA
Healthcare,
Inc.
...................................
United
States
269,000
73,385,890
UnitedHealth
Group,
Inc.
................................
United
States
135,000
68,359,950
141,745,840
Health
Care
REITs
1.0%
Healthpeak
Properties,
Inc.
..............................
United
States
1,795,000
39,184,850
Hotels,
Restaurants
&
Leisure
1.2%
McDonald's
Corp.
.....................................
United
States
152,500
44,713,000
Household
Products
2.9%
Procter
&
Gamble
Co.
(The)
.............................
United
States
705,000
110,191,500
Industrial
REITs
0.2%
Prologis,
Inc.
.........................................
United
States
67,500
8,420,625
Insurance
0.2%
Arthur
J
Gallagher
&
Co.
................................
United
States
35,000
7,518,000
Life
Sciences
Tools
&
Services
2.1%
Danaher
Corp.
.......................................
United
States
118,000
30,097,080
Thermo
Fisher
Scientific,
Inc.
............................
United
States
88,000
48,282,080
78,379,160
Machinery
1.2%
Caterpillar,
Inc.
.......................................
United
States
87,500
23,202,375
Illinois
Tool
Works,
Inc.
.................................
United
States
80,000
21,065,600
44,267,975
Media
1.2%
Comcast
Corp.,
A
.....................................
United
States
970,000
43,902,200
Oil,
Gas
&
Consumable
Fuels
10.0%
Canadian
Natural
Resources
Ltd.
.........................
Canada
460,000
27,968,000
Chevron
Corp.
.......................................
United
States
820,000
134,201,200
EOG
Resources,
Inc.
..................................
United
States
632,500
83,825,225
Shell
plc,
ADR
........................................
Netherlands
1,142,500
70,412,275
Suncor
Energy,
Inc.
....................................
Canada
2,000,000
62,580,000
378,986,700
Pharmaceuticals
5.8%
AstraZeneca
plc,
ADR
..................................
United
Kingdom
500,000
35,850,000
Bristol-Myers
Squibb
Co.
................................
United
States
420,000
26,119,800
Johnson
&
Johnson
...................................
United
States
780,000
130,673,400
Pfizer,
Inc.
...........................................
United
States
792,500
28,577,550
221,220,750
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Equity
Income
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
8
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Residential
REITs
1.1%
Mid-America
Apartment
Communities,
Inc.
..................
United
States
290,000
$
43,401,400
Semiconductors
&
Semiconductor
Equipment
3.4%
Broadcom,
Inc.
.......................................
United
States
107,000
96,155,550
Texas
Instruments,
Inc.
.................................
United
States
175,000
31,500,000
127,655,550
Software
2.5%
Oracle
Corp.
.........................................
United
States
795,000
93,197,850
Specialty
Retail
2.1%
Lowe's
Cos.,
Inc.
......................................
United
States
127,000
29,752,290
Tractor
Supply
Co.
....................................
United
States
217,605
48,741,344
78,493,634
Trading
Companies
&
Distributors
0.6%
United
Rentals,
Inc.
....................................
United
States
46,100
21,421,748
Water
Utilities
0.7%
Essential
Utilities,
Inc.
..................................
United
States
641,294
27,120,323
Total
Common
Stocks
(Cost
$2,239,198,778)
....................................
3,228,056,649
Equity-Linked
Securities
9.8%
Banks
0.6%
b
UBS
AG
into
Bank
of
America
Corp.,
144A,
7%,
11/22/23
.......
United
States
677,000
22,022,674
Chemicals
1.5%
b
Citigroup
Global
Markets
Holdings,
Inc.
into
Huntsman
Corp.,
144A,
8%,
5/09/24
........................................
United
States
894,000
25,850,792
b
Royal
Bank
of
Canada
into
Linde
plc,
144A,
6.5%,
11/29/23
......
United
States
83,500
31,883,042
57,733,834
Consumer
Finance
0.7%
b
BofA
Finance
LLC
into
American
Express
Co.,
144A,
7.25%,
2/12/24
United
States
160,000
26,513,778
Electrical
Equipment
0.8%
b
Royal
Bank
of
Canada
into
Eaton
Corp.
plc,
144A,
6.25%,
9/15/23
United
States
169,100
28,694,359
Energy
Equipment
&
Services
0.6%
b
JPMorgan
Chase
Bank
NA
into
Technip
Energies
NV,
144A,
6%,
7/19/24
...........................................
France
160,000
22,546,530
Health
Care
Equipment
&
Supplies
0.5%
b
Citigroup
Global
Markets
Holdings,
Inc.
into
Boston
Scientific
Corp.,
144A,
5.5%,
6/21/24
.................................
United
States
385,000
20,067,985
Health
Care
Providers
&
Services
0.7%
b
Royal
Bank
of
Canada
into
HCA
Healthcare,
Inc.,
144A,
7.25%,
8/09/23
...........................................
United
States
112,700
27,794,698
Industrial
REITs
0.6%
b
Barclays
Bank
plc
into
Prologis,
Inc.,
144A,
7.5%,
12/29/23
......
United
States
191,800
23,893,226
Interactive
Media
&
Services
0.9%
b
Goldman
Sachs
International
Bank
into
Alphabet,
Inc.,
144A,
6.25%,
3/28/24
...........................................
United
States
279,500
33,405,591
Life
Sciences
Tools
&
Services
1.5%
b
Goldman
Sachs
International
Bank
into
Thermo
Fisher
Scientific,
Inc.,
144A,
6.25%,
9/25/23
.............................
United
States
44,500
24,580,165
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Equity
Income
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
9
See
Abbreviations
on
page
286
.
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Equity-Linked
Securities
(continued)
Life
Sciences
Tools
&
Services
(continued)
b
Merrill
Lynch
International
&
Co.
CV
into
Danaher
Corp.,
144A,
5.5%,
4/30/24
...........................................
United
States
120,000
$
30,511,326
55,091,491
Machinery
0.7%
b
Citigroup
Global
Markets
Holdings,
Inc.
into
Caterpillar,
Inc.,
144A,
8.5%,
10/17/23
.....................................
United
States
123,500
26,456,696
Oil,
Gas
&
Consumable
Fuels
0.7%
b
BNP
Paribas
Issuance
BV
into
Canadian
Natural
Resources
Ltd.,
144A,
9.5%,
1/12/24
.................................
Canada
452,000
27,548,235
Total
Equity-Linked
Securities
(Cost
$341,009,593)
..............................
371,769,097
Convertible
Preferred
Stocks
1.6%
Capital
Markets
0.6%
KKR
Group
Co.,
Inc.,
6%,
C
.............................
United
States
320,000
22,355,200
Electric
Utilities
1.0%
NextEra
Energy,
Inc.,
6.926%
............................
United
States
825,000
37,727,250
Total
Convertible
Preferred
Stocks
(Cost
$62,824,911)
...........................
60,082,450
Total
Long
Term
Investments
(Cost
$2,643,033,282)
.............................
3,659,908,196
a
Short
Term
Investments
3.0%
a
a
Country
Shares
a
Value
a
a
a
Money
Market
Funds
3.0%
c,d
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
....
United
States
113,968,159
113,968,159
Total
Money
Market
Funds
(Cost
$113,968,159)
.................................
113,968,159
Total
Short
Term
Investments
(Cost
$113,968,159
)
...............................
113,968,159
a
Total
Investments
(Cost
$2,757,001,441)
99.7%
..................................
$3,773,876,355
Other
Assets,
less
Liabilities
0.3%
.............................................
11,453,422
Net
Assets
100.0%
...........................................................
$3,785,329,777
a
Non-income
producing.
b
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
July
31,
2023,
the
aggregate
value
of
these
securities
was
$371,769,097,
representing
9.8%
of
net
assets.
c
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
d
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2023
Franklin
Floating
Rate
Daily
Access
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
10
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
5.7%
Hotels,
Restaurants
&
Leisure
0.0%
†
a
24
Hour
Fitness
Worldwide,
Inc.
..........................
United
States
287,830
$
41,160
Machinery
1.4%
a,b
UTEX
Industries,
Inc.
..................................
United
States
261,340
17,335,597
Oil,
Gas
&
Consumable
Fuels
4.3%
b
Quarternorth
Energy
Holding,
Inc.
.........................
United
States
475,746
54,532,385
Total
Common
Stocks
(Cost
$72,985,254)
......................................
71,909,142
Management
Investment
Companies
2.7%
Capital
Markets
2.7%
c
Franklin
Floating
Rate
Income
Fund
.......................
United
States
3,647,149
29,067,776
Invesco
Senior
Loan
ETF
...............................
United
States
280,416
5,888,736
34,956,512
Total
Management
Investment
Companies
(Cost
$41,895,473)
....................
34,956,512
Preferred
Stocks
0.0%
†
Hotels,
Restaurants
&
Leisure
0.0%
†
a
24
Hour
Fitness
Worldwide,
Inc.
..........................
United
States
681,685
17,042
a
Total
Preferred
Stocks
(Cost
$919,936)
.........................................
17,042
Warrants
Warrants
0.0%
†
Machinery
0.0%
†
a,b,d
UTEX
Industries,
Inc.,
2/20/49
............................
United
States
634
1,127
Total
Warrants
(Cost
$–)
......................................................
1,127
Principal
Amount
*
Corporate
Bonds
5.8%
Air
Freight
&
Logistics
0.2%
e
Rand
Parent
LLC
,
Senior
Secured
Note
,
144A,
8.5
%
,
2/15/30
....
United
States
2,000,000
1,883,637
Capital
Markets
0.1%
e
Jane
Street
Group
/
JSG
Finance,
Inc.
,
Senior
Secured
Note
,
144A,
4.5
%
,
11/15/29
......................................
United
States
1,600,000
1,405,237
Chemicals
0.4%
e
ASP
Unifrax
Holdings,
Inc.
,
Senior
Secured
Note
,
144A,
5.25
%
,
9/30/28
...........................................
United
States
1,935,400
1,444,515
e
SCIH
Salt
Holdings,
Inc.
,
Senior
Secured
Note
,
144A,
4.875
%
,
5/01/28
...........................................
United
States
3,900,000
3,494,524
4,939,039
Commercial
Services
&
Supplies
0.8%
e
Allied
Universal
Holdco
LLC
/
Allied
Universal
Finance
Corp.
,
Senior
Secured
Note
,
144A,
6.625
%
,
7/15/26
....................
United
States
3,500,000
3,345,424
e
GFL
Environmental,
Inc.
,
Senior
Secured
Note,
144A,
4.25%,
6/01/25
...............
Canada
1,300,000
1,262,091
Senior
Secured
Note,
144A,
3.5%,
9/01/28
................
Canada
2,300,000
2,049,134
Pitney
Bowes,
Inc.
,
Senior
Bond
,
4.625
%
,
3/15/24
.............
United
States
1,881,000
1,846,547
e
Prime
Security
Services
Borrower
LLC
/
Prime
Finance,
Inc.
,
Senior
Secured
Note
,
144A,
5.25
%
,
4/15/24
.....................
United
States
2,000,000
1,981,788
10,484,984
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
11
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Communications
Equipment
0.1%
e
CommScope,
Inc.
,
Senior
Secured
Note
,
144A,
4.75
%
,
9/01/29
...
United
States
2,019,200
$
1,558,049
Construction
Materials
0.3%
e
Cemex
SAB
de
CV
,
Senior
Bond
,
144A,
5.2
%
,
9/17/30
.........
Mexico
3,875,000
3,664,917
Containers
&
Packaging
0.6%
e
Ardagh
Packaging
Finance
plc
/
Ardagh
Holdings
USA,
Inc.
,
Senior
Secured
Note
,
144A,
4.125
%
,
8/15/26
....................
United
States
3,800,000
3,563,121
e
Mauser
Packaging
Solutions
Holding
Co.
,
Senior
Secured
Note
,
144A,
7.875
%
,
8/15/26
................................
United
States
694,400
693,200
e
Pactiv
Evergreen
Group
Issuer
LLC
/
Pactiv
Evergreen
Group
Issuer,
Inc.
,
Senior
Secured
Note
,
144A,
4.375
%
,
10/15/28
..........
United
States
1,125,000
995,645
e
Pactiv
Evergreen
Group
Issuer,
Inc.
/
Pactiv
Evergreen
Group
Issuer
LLC
,
Senior
Secured
Note
,
144A,
4
%
,
10/15/27
.............
United
States
2,500,000
2,253,863
7,505,829
Diversified
Consumer
Services
0.2%
e
WW
International,
Inc.
,
Senior
Secured
Note
,
144A,
4.5
%
,
4/15/29
United
States
3,500,000
2,488,220
Diversified
Telecommunication
Services
0.3%
e
Altice
France
SA
,
Senior
Secured
Note,
144A,
5.125%,
7/15/29
..............
France
2,000,000
1,402,551
Senior
Secured
Note,
144A,
5.5%,
10/15/29
...............
France
3,730,000
2,651,887
4,054,438
Entertainment
0.2%
e
Banijay
Entertainment
SASU
,
Senior
Secured
Note
,
144A,
5.375
%
,
3/01/25
...........................................
France
1,900,000
1,858,969
Ground
Transportation
0.0%
†
e
First
Student
Bidco,
Inc.
/
First
Transit
Parent,
Inc.
,
Senior
Secured
Note
,
144A,
4
%
,
7/31/29
..............................
United
States
500,000
424,216
Health
Care
Providers
&
Services
0.3%
e
MPH
Acquisition
Holdings
LLC
,
Senior
Secured
Note
,
144A,
5.5
%
,
9/01/28
...........................................
United
States
1,334,000
1,164,019
e
RP
Escrow
Issuer
LLC
,
Senior
Secured
Note
,
144A,
5.25
%
,
12/15/25
..........................................
United
States
3,400,000
2,322,258
3,486,277
Hotels,
Restaurants
&
Leisure
0.2%
e
International
Game
Technology
plc
,
Senior
Secured
Note
,
144A,
5.25
%
,
1/15/29
.....................................
United
States
2,300,000
2,187,156
Independent
Power
and
Renewable
Electricity
Producers
0.3%
e
Calpine
Corp.
,
Senior
Secured
Note
,
144A,
4.5
%
,
2/15/28
.......
United
States
4,400,000
4,043,209
Insurance
0.1%
e
Acrisure
LLC
/
Acrisure
Finance,
Inc.
,
Senior
Secured
Note
,
144A,
4.25
%
,
2/15/29
.....................................
United
States
1,470,600
1,269,354
Media
0.5%
e
Directv
Financing
LLC
/
Directv
Financing
Co-Obligor,
Inc.
,
Senior
Secured
Note
,
144A,
5.875
%
,
8/15/27
....................
United
States
4,300,000
3,885,583
e
Radiate
Holdco
LLC
/
Radiate
Finance,
Inc.
,
Senior
Secured
Note
,
144A,
4.5
%
,
9/15/26
.................................
United
States
1,600,000
1,302,015
e
Univision
Communications,
Inc.
,
Senior
Secured
Note
,
144A,
5.125
%
,
2/15/25
.....................................
United
States
1,555,556
1,526,143
6,713,741
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
12
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Oil,
Gas
&
Consumable
Fuels
0.2%
Cheniere
Energy,
Inc.
,
Senior
Secured
Note
,
4.625
%
,
10/15/28
...
United
States
2,400,000
$
2,254,875
Passenger
Airlines
0.9%
e
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd.
,
Senior
Secured
Note
,
144A,
5.5
%
,
4/20/26
.............................
United
States
5,316,667
5,242,165
e
Delta
Air
Lines,
Inc.
/
SkyMiles
IP
Ltd.
,
Senior
Secured
Note
,
144A,
4.5
%
,
10/20/25
.....................................
United
States
4,500,000
4,412,095
e
United
Airlines,
Inc.
,
Senior
Secured
Note
,
144A,
4.375
%
,
4/15/26
.
United
States
2,485,000
2,355,426
12,009,686
Wireless
Telecommunication
Services
0.1%
e
Vmed
O2
UK
Financing
I
plc
,
Senior
Secured
Bond
,
144A,
4.25
%
,
1/31/31
...........................................
United
Kingdom
1,430,000
1,185,424
Total
Corporate
Bonds
(Cost
$79,297,302)
......................................
73,417,257
Senior
Floating
Rate
Interests
81.3%
Aerospace
&
Defense
0.9%
f,g
Alloy
FinCo
Ltd.
,
Term
Loan,
B
,
14
%
,
PIK,
(
3-month
USD
LIBOR
+
0.5
%
),
3/06/25
......................................
United
Kingdom
12,093,404
11,340,589
g
Air
Freight
&
Logistics
1.2%
Kenan
Advantage
Group,
Inc.
(The)
,
CME
Term
Loan,
B-2,
9.727%,
(6-month
SOFR
+
4.428%),
3/24/26
United
States
937,500
939,848
U.S.
Term
Loan,
B1,
9.477%,
(6-month
SOFR
+
4.178%),
3/24/26
United
States
6,457,633
6,462,251
Rand
Parent
LLC
,
First
Lien,
CME
Term
Loan,
B
,
9.492
%
,
(
3-month
SOFR
+
4.25
%
),
3/17/30
..............................
United
States
7,899,110
7,607,830
15,009,929
a
a
a
a
a
a
g
Automobile
Components
2.7%
Adient
US
LLC
,
CME
Term
Loan,
B1
,
8.683
%
,
(
1-month
SOFR
+
3.25
%
),
4/10/28
.....................................
United
States
4,531,863
4,543,669
Clarios
Global
LP
,
First
Lien,
2023
CME
Term
Loan
,
9.069
%
,
(
1-month
SOFR
+
3.75
%
),
5/06/30
.......................
United
States
2,035,807
2,038,098
DexKo
Global,
Inc.
,
First
Lien,
2023
Incremental
CME
Term
Loan,
9.601%,
(3-month
SOFR
+
4.25%),
10/04/28
.............................
United
States
1,578,947
1,539,805
First
Lien,
Closing
Date
Term
Loan,
9.253%,
(3-month
SOFR
+
3.75%),
10/04/28
....................................
United
States
4,607,355
4,463,007
First
Brands
Group
LLC
,
h
2022-II
Incremental
CME
Term
Loan,
10.246%,
(6-month
SOFR
+
5%),
3/30/27
.......................................
United
States
5,747,324
5,689,880
First
Lien,
2021
CME
Term
Loan,
10.881%,
(6-month
SOFR
+
5%),
3/30/27
...........................................
United
States
7,641,117
7,574,257
Second
Lien,
2021
Term
Loan,
13.602%,
(3-month
SOFR
+
8.5%),
3/30/28
...........................................
United
States
5,920,469
5,502,336
Highline
Aftermarket
Acquisition
LLC
,
First
Lien,
Initial
Term
Loan
,
9.919
%
,
(
1-month
SOFR
+
4.5
%
),
11/09/27
................
United
States
621,967
608,361
TI
Group
Automotive
Systems
LLC
,
Refinancing
U.S.
Term
Loan
,
8.683
%
,
(
1-month
SOFR
+
3.25
%
),
12/16/26
...............
United
States
2,148,460
2,147,117
34,106,530
a
a
a
a
a
a
Automobiles
0.6%
g
American
Trailer
World
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
9.169
%
,
(
1-month
SOFR
+
3.75
%
),
3/03/28
................
United
States
8,139,039
7,607,438
Banks
0.2%
g
Finastra
Ltd.
,
First
Lien,
Dollar
Term
Loan
,
9.231
%
,
(
3-month
USD
LIBOR
+
3.5
%
),
6/13/24
...............................
United
Kingdom
2,991,630
2,906,982
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
13
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
g
Beverages
0.8%
City
Brewing
Co.
LLC
,
First
Lien,
Closing
Date
Term
Loan
,
9.07
%
,
(
3-month
SOFR
+
3.5
%
),
4/05/28
........................
United
States
6,234,856
$
4,047,482
Naked
Juice
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.592
%
,
(
1-month
SOFR
+
3.25%;
3-month
SOFR
+
3.25%
),
1/24/29
....
United
States
1,754,070
1,661,385
Triton
Water
Holdings,
Inc.
,
First
Lien,
Initial
Term
Loan
,
8.753
%
,
(
3-month
SOFR
+
3.25
%
),
3/31/28
.......................
United
States
5,171,479
5,012,533
10,721,400
a
a
a
a
a
a
g
Building
Products
0.2%
Cornerstone
Building
Brands,
Inc.
,
CME
Term
Loan,
B
,
8.572
%
,
(
1-month
SOFR
+
3.25
%
),
4/12/28
.......................
United
States
2,902,950
2,818,053
Quikrete
Holdings,
Inc.
,
First
Lien,
Fourth
Amendment
Term
Loan,
B1
,
8.433
%
,
(
1-month
SOFR
+
3
%
),
3/19/29
...............
United
States
9,875
9,898
2,827,951
a
a
a
a
a
a
g
Capital
Markets
1.9%
Citadel
Securities
LP
,
2021
CME
Term
Loan,
7.717%,
(1-month
SOFR
+
2.5%),
2/02/28
United
States
3,116,539
3,103,777
CME
Term
Loan,
B1,
8.217%,
(1-month
SOFR
+
3%),
2/02/28
..
United
States
1,349,800
1,350,644
Deerfield
Dakota
Holding
LLC
,
First
Lien,
Initial
Dollar
CME
Term
Loan
,
8.992
%
,
(
3-month
SOFR
+
3.75
%
),
4/09/27
...........
United
States
2,734,508
2,638,376
h
Edelman
Financial
Engines
Center
LLC
(The)
,
First
Lien,
2021
Initial
Term
Loan
,
9.183
%
,
(
1-month
SOFR
+
3.75
%
),
4/07/28
.......
United
States
5,164,418
5,099,863
Jane
Street
Group
LLC
,
Dollar
Term
Loan
,
8.183
%
,
(
1-month
SOFR
+
2.75
%
),
1/26/28
...................................
United
States
4,874,081
4,869,499
h
Osmosis
Buyer
Ltd.
,
2022
Refinancing
CME
Term
Loan,
B
,
8.944
%
,
(
1-month
SOFR
+
3.75
%
),
7/31/28
.......................
United
Kingdom
6,193,938
6,123,482
Russell
Investments
US
Institutional
Holdco,
Inc.
,
2025
CME
Term
Loan
,
8.919
%
,
(
1-month
SOFR
+
3.5
%
),
5/30/25
............
United
States
992,219
918,299
24,103,940
a
a
a
a
a
a
g
Chemicals
4.6%
ASP
Unifrax
Holdings,
Inc.
,
First
Lien,
USD
CME
Term
Loan
,
9.142
%
,
(
3-month
SOFR
+
3.75
%
),
12/12/25
...............
United
States
9,350,691
8,416,276
CPC
Acquisition
Corp.
,
First
Lien,
Initial
Term
Loan
,
9.253
%
,
(
3-month
SOFR
+
3.75
%
),
12/29/27
......................
United
States
2,696,726
2,135,484
Cyanco
Intermediate
2
Corp.
,
Initial
CME
Term
Loan
,
9.915
%
,
(
1-month
SOFR
+
4.75
%
),
7/10/28
.......................
United
States
7,061,340
7,052,513
Hexion
Holdings
Corp.
,
First
Lien,
Initial
CME
Term
Loan,
9.779%,
(3-month
SOFR
+
4.5%),
3/15/29
......................................
United
States
6,732,000
6,365,947
Second
Lien,
Initial
CME
Term
Loan,
12.843%,
(1-month
SOFR
+
7.438%),
3/15/30
....................................
United
States
2,093,023
1,709,299
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
14
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
g
Chemicals
(continued)
Ineos
Quattro
Holdings
UK
Ltd.
,
2030
Dollar
CME
Term
Loan,
B
,
8.952
%
,
(
1-month
SOFR
+
3.75
%
),
3/14/30
................
United
Kingdom
1,739,130
$
1,728,261
INEOS
Styrolution
Group
GmbH
,
2026
Dollar
Term
Loan,
B
,
8.183
%
,
(
1-month
SOFR
+
2.75
%
),
1/29/26
.......................
United
Kingdom
4,236,969
4,210,488
INEOS
US
Finance
LLC
,
2027-II
Dollar
CME
Term
Loan
,
9.169
%
,
(
1-month
SOFR
+
3.75
%
),
11/08/27
......................
Luxembourg
1,476,300
1,466,925
LSF11
A5
Holdco
LLC
,
CME
Term
Loan
,
8.933
%
,
(
1-month
SOFR
+
3.5
%
),
10/15/28
.....................................
United
States
4,453,416
4,418,167
Lummus
Technology
Holdings
V
LLC
,
2021
Refinancing
Term
Loan,
B
,
8.933
%
,
(
1-month
SOFR
+
3.5
%
),
6/30/27
...............
United
States
3,116,125
3,104,657
PMHC
II,
Inc.
,
Initial
CME
Term
Loan,
B
,
9.698
%
,
(
3-month
SOFR
+
4.25
%
),
4/23/29
.....................................
United
States
13,206,911
12,260,372
SCIH
Salt
Holdings,
Inc.
,
First
Lien,
Incremental
Term
Loan,
B1
,
9.631
%
,
(
3-month
SOFR
+
4
%
),
3/16/27
..................
United
States
5,150,631
5,100,902
57,969,291
a
a
a
a
a
a
g
Commercial
Services
&
Supplies
4.7%
Allied
Universal
Holdco
LLC
,
Amendment
No.
3
CME
Term
Loan,
9.881%,
(6-month
SOFR
+
4.75%),
5/12/28
.....................................
United
States
833,333
817,579
Initial
U.S.
Dollar
CME
Term
Loan,
9.169%,
(1-month
SOFR
+
3.75%),
5/12/28
.....................................
United
States
4,042,753
3,903,278
Amentum
Government
Services
Holdings
LLC
,
First
Lien,
CME
Term
Loan,
3
,
9.222
%
,
(
1-month
SOFR
+
4
%
),
2/15/29
............
United
States
12,013,610
11,653,202
APX
Group,
Inc.
,
Initial
Term
Loan
,
8.62
%
,
(
1-month
SOFR
+
3.25%;
3-month
SOFR
+
2.25%
),
7/10/28
.......................
United
States
3,109,186
3,109,917
CCI
Buyer,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.242
%
,
(
3-month
SOFR
+
4
%
),
12/17/27
................................
United
States
5,440,246
5,335,984
Covanta
Holding
Corp.
,
2023
Incremental
CME
Term
Loan,
B,
8.202%,
(1-month
SOFR
+
3%),
11/30/28
......................................
United
States
1,285,412
1,287,623
2023
Incremental
CME
Term
Loan,
C,
8.202%,
(1-month
SOFR
+
3%),
11/30/28
......................................
United
States
96,406
96,572
Indicor
LLC
,
First
Lien,
Initial
Dollar
CME
Term
Loan
,
9.742
%
,
(
3-month
SOFR
+
4.5
%
),
11/22/29
.......................
United
States
1,936,893
1,939,043
Madison
IAQ
LLC
,
Term
Loan
,
8.302
%
,
(
3-month
USD
LIBOR
+
3.25
%
),
6/21/28
.....................................
United
States
5,687,931
5,589,786
Pitney
Bowes,
Inc.
,
Refinancing
CME
Term
Loan,
B
,
9.433
%
,
(
1-month
SOFR
+
4
%
),
3/17/28
.........................
United
States
12,741,117
11,849,238
Prime
Security
Services
Borrower
LLC
,
First
Lien,
2021
Refinancing
Term
Loan,
B1
,
7.977
%
,
(
1-month
SOFR
+
2.75
%
),
9/23/26
....
United
States
6,648,416
6,649,114
Spin
Holdco,
Inc.
,
Initial
Term
Loan
,
9.23
%
,
(
3-month
USD
LIBOR
+
4
%
),
3/04/28
.......................................
United
States
8,786,660
7,488,167
59,719,503
a
a
a
a
a
a
Communications
Equipment
0.7%
g
CommScope,
Inc.
,
Initial
Term
Loan
,
8.683
%
,
(
1-month
SOFR
+
3.25
%
),
4/06/26
.....................................
United
States
9,174,999
8,568,302
g
Construction
&
Engineering
0.8%
USIC
Holdings,
Inc.
,
First
Lien,
Initial
Term
Loan
,
8.933
%
,
(
1-month
SOFR
+
3.5
%
),
5/12/28
...............................
United
States
6,841,510
6,625,900
Zekelman
Industries,
Inc.
,
2020
Term
Loan
,
7.378
%
,
(
1-month
SOFR
+
2
%
),
1/24/27
......................................
United
States
3,367,291
3,357,947
9,983,847
a
a
a
a
a
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
15
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
g
Consumer
Staples
Distribution
&
Retail
1.4%
GNC
Holdings,
Inc.
,
Second
Lien,
Term
Loan
,
11.182
%
,
(
1-month
USD
LIBOR
+
6
%
),
10/07/26
...........................
United
States
14,833,343
$
13,770,237
h
Shearer's
Foods
LLC
,
First
Lien,
Refinancing
CME
Term
Loan
,
8.933
%
,
(
1-month
SOFR
+
3.5
%
),
9/23/27
.................
United
States
3,838,663
3,812,541
17,582,778
a
a
a
a
a
a
g
Containers
&
Packaging
1.4%
Charter
Next
Generation,
Inc.
,
First
Lien,
2021
Initial
Term
Loan
,
9.183
%
,
(
1-month
SOFR
+
3.75
%
),
12/01/27
...............
United
States
6,361,409
6,341,975
Kleopatra
Finco
SARL
,
USD
CME
Term
Loan,
B
,
10.104
%
,
(
1-month
SOFR
+
4.725
%
),
2/12/26
.............................
Luxembourg
4,352,912
4,137,987
Mauser
Packaging
Solutions
Holding
Co.
,
Initial
CME
Term
Loan
,
9.141
%
,
(
1-month
SOFR
+
4
%
),
8/14/26
..................
United
States
6,234,375
6,233,502
Pactiv
Evergreen,
Inc.
,
U.S.
CME
Term
Loan,
B3
,
8.683
%
,
(
1-month
SOFR
+
3.25
%
),
9/24/28
..............................
United
States
1,538,037
1,537,268
18,250,732
a
a
a
a
a
a
g
Diversified
Consumer
Services
1.5%
h
KUEHG
Corp.
,
Initial
CME
Term
Loan
,
10.242
%
,
(
3-month
SOFR
+
5
%
),
6/12/30
.......................................
United
States
6,000,000
5,980,170
Learning
Care
Group
(US)
No.
2,
Inc.
,
First
Lien,
Initial
Term
Loan
,
8.607
%
,
(
1-month
SOFR
+
3.25%;
3-month
SOFR
+
3.25%
),
3/13/25
...........................................
United
States
1,764,324
1,764,051
Pre-Paid
Legal
Services,
Inc.
,
First
Lien,
Initial
Term
Loan
,
9.183
%
,
(
1-month
SOFR
+
3.75
%
),
12/15/28
......................
United
States
1,427,241
1,409,579
Sedgwick
Claims
Management
Services,
Inc.
,
2023
CME
Term
Loan
,
9.069
%
,
(
1-month
SOFR
+
3.75
%
),
2/24/28
................
United
States
7,834,163
7,817,241
WW
International,
Inc.
,
Initial
Term
Loan
,
8.933
%
,
(
1-month
SOFR
+
3.5
%
),
4/13/28
......................................
United
States
2,181,981
1,648,301
18,619,342
a
a
a
a
a
a
g
Diversified
Telecommunication
Services
1.5%
Global
Tel*Link
Corp.
,
First
Lien,
CME
Term
Loan,
9.769%,
(3-month
SOFR
+
4.25%),
11/29/25
..........................................
United
States
11,818,809
11,138,282
Second
Lien,
CME
Term
Loan,
15.519%,
(3-month
SOFR
+
10%),
11/29/26
..........................................
United
States
7,895,149
6,308,224
Zayo
Group
Holdings,
Inc.
,
Initial
Dollar
Term
Loan
,
8.433
%
,
(
1-month
SOFR
+
3
%
),
3/09/27
.........................
United
States
1,755,569
1,346,240
18,792,746
a
a
a
a
a
a
Electrical
Equipment
0.1%
g
AZZ,
Inc.
,
Initial
CME
Term
Loan
,
9.669
%
,
(
1-month
SOFR
+
4.25
%
),
5/13/29
...........................................
United
States
1,924,172
1,930,358
g
Entertainment
0.8%
AMC
Entertainment
Holdings,
Inc.
,
Term
Loan,
B1
,
8.202
%
,
(
1-month
USD
LIBOR
+
3
%
),
4/22/26
............................
United
States
1,954,082
1,529,479
Banijay
Entertainment
SAS
,
USD
Term
Loan,
B
,
8.963
%
,
(
1-month
SOFR
+
3.85
%
),
3/01/28
..............................
France
1,938,153
1,938,463
Playtika
Holding
Corp.
,
Term
Loan,
B1
,
8.183
%
,
(
1-month
SOFR
+
2.75
%
),
3/13/28
.....................................
United
States
5,192,003
5,181,100
William
Morris
Endeavor
Entertainment
LLC
(IMG
Worldwide
Holdings
LLC)
,
First
Lien,
Term
Loan,
B1
,
7.95
%
,
(
1-month
SOFR
+
2.75
%
),
5/18/25
...................................
United
States
2,056,661
2,056,805
10,705,847
a
a
a
a
a
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
16
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
g
Financial
Services
1.5%
Belfor
Holdings,
Inc.
,
First
Lien,
CME
Term
Loan,
B2
,
9.569
%
,
(
1-month
SOFR
+
4.25
%
),
4/06/26
.......................
United
States
696,355
$
697,225
h
Mercury
Borrower,
Inc.
,
First
Lien,
Initial
Term
Loan
,
8.933
%
,
(
1-month
SOFR
+
3.5
%
),
8/02/28
........................
United
States
6,594,560
6,508,006
Red
Planet
Borrower
LLC
,
Initial
CME
Term
Loan
,
9.169
%
,
(
1-month
SOFR
+
3.75
%
),
10/02/28
.............................
United
States
3,415,224
3,090,778
Verscend
Holding
Corp.
,
Term
Loan,
B1
,
9.433
%
,
(
1-month
SOFR
+
4
%
),
8/27/25
.......................................
United
States
8,864,680
8,871,151
19,167,160
a
a
a
a
a
a
Food
Products
0.2%
g
Primary
Products
Finance
LLC
,
CME
Term
Loan,
B
,
9.397
%
,
(
3-month
SOFR
+
4
%
),
4/01/29
.........................
United
States
1,983,051
1,980,750
g
Ground
Transportation
0.7%
Avis
Budget
Car
Rental
LLC
,
CME
Term
Loan,
C,
8.919%,
(1-month
SOFR
+
3.5%),
3/16/29
..
United
States
1,678,750
1,681,201
New
CME
Term
Loan,
B,
7.183%,
(1-month
SOFR
+
1.75%),
8/06/27
...........................................
United
States
1,273,116
1,269,437
PECF
USS
Intermediate
Holding
III
Corp.
,
Initial
Term
Loan
,
9.683
%
,
(
1-month
SOFR
+
4.25
%
),
12/15/28
......................
United
States
6,957,904
5,616,803
8,567,441
a
a
a
a
a
a
g
Health
Care
Equipment
&
Supplies
0.6%
Medline
Borrower
LP
,
Initial
Dollar
Term
Loan
,
8.683
%
,
(
1-month
SOFR
+
3.25
%
),
10/23/28
.............................
United
States
6,316,436
6,260,093
US
Radiology
Specialists,
Inc.
(US
Outpatient
Imaging
Services,
Inc.)
,
Closing
Date
Term
Loan
,
10.452
%
,
(
1-month
SOFR
+
5.25
%
),
12/15/27
....................................
United
States
1,611,378
1,546,923
7,807,016
a
a
a
a
a
a
g
Health
Care
Providers
&
Services
6.7%
ADMI
Corp.
,
Amendment
No.
4
Refinancing
Term
Loan,
8.808%,
(1-month
SOFR
+
3.375%),
12/23/27
............................
United
States
5,060,382
4,798,330
Amendment
No.
5
Incremental
Term
Loan,
8.967%,
(1-month
SOFR
+
3.75%),
12/23/27
.............................
United
States
927,355
884,052
Aveanna
Healthcare
LLC
,
First
Lien,
2021
Extended
Term
Loan
,
9.226
%
,
(
3-month
USD
LIBOR
+
3.75
%
),
7/17/28
............
United
States
4,411,960
3,809,242
Charlotte
Buyer,
Inc.
,
First
Lien,
Initial
CME
Term
Loan,
B
,
10.427
%
,
(
1-month
SOFR
+
5.25
%
),
2/11/28
.......................
United
States
3,604,839
3,543,268
CNT
Holdings
I
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
8.8
%
,
(
3-month
SOFR
+
3.5
%
),
11/08/27
.......................
United
States
5,956,700
5,950,296
eResearchTechnology,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.933
%
,
(
1-month
SOFR
+
4.5
%
),
2/04/27
.................
United
States
2,928,150
2,847,026
FINThrive
Software
Intermediate
Holdings,
Inc.
,
First
Lien,
Initial
Term
Loan,
9.433%,
(1-month
SOFR
+
4%),
12/18/28
..........................................
United
States
5,202,285
4,382,925
Second
Lien,
Initial
Term
Loan,
11.943%,
(1-month
SOFR
+
6.75%),
12/17/29
....................................
United
States
779,707
468,312
Medical
Solutions
Holdings,
Inc.
,
First
Lien,
Initial
Term
Loan
,
8.614
%
,
(
3-month
SOFR
+
3.25
%
),
11/01/28
...............
United
States
6,338,094
6,090,909
h
MPH
Acquisition
Holdings
LLC
,
Initial
Term
Loan
,
9.726
%
,
(
3-month
SOFR
+
4.25
%
),
9/01/28
..............................
United
States
6,323,902
5,972,135
National
Mentor
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan,
9.153%,
(1-month
SOFR
+
3.75%;
3-month
SOFR
+
3.75%),
3/02/28
..................
United
States
5,791,410
4,633,128
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
17
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
g
Health
Care
Providers
&
Services
(continued)
National
Mentor
Holdings,
Inc.,
(continued)
First
Lien,
Initial
Term
Loan,
C,
9.092%,
(3-month
SOFR
+
3.75%),
3/02/28
...........................................
United
States
199,681
$
159,745
Pacific
Dental
Services
LLC
,
Term
Loan
,
8.92
%
,
(
1-month
SOFR
+
3.5
%
),
5/05/28
......................................
United
States
2,632,080
2,631,422
Pathway
Vet
Alliance
LLC
,
First
Lien,
2021
Replacement
Term
Loan
,
9.183
%
,
(
1-month
SOFR
+
3.75
%
),
3/31/27
................
United
States
4,180,119
3,749,400
Phoenix
Guarantor,
Inc.
,
First
Lien,
Term
Loan,
B3
,
8.717
%
,
(
1-month
SOFR
+
3.5
%
),
3/05/26
........................
United
States
4,610,982
4,589,840
Phoenix
Newco,
Inc.
,
First
Lien,
Initial
Term
Loan
,
8.467
%
,
(
1-month
SOFR
+
3.25
%
),
11/15/28
.............................
United
States
6,207,616
6,189,831
Radiology
Partners,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
9.683
%
,
(
1-month
SOFR
+
4.25
%
),
7/09/25
.......................
United
States
5,575,184
4,113,789
U.S.
Anesthesia
Partners,
Inc.
,
First
Lien,
Initial
Term
Loan
,
9.477
%
,
(
1-month
SOFR
+
4.25
%
),
10/01/28
......................
United
States
6,681,795
6,293,048
Waystar
Technologies,
Inc.
,
First
Lien,
Initial
Term
Loan
,
9.433
%
,
(
1-month
SOFR
+
4
%
),
10/22/26
........................
United
States
13,441,411
13,458,280
84,564,978
a
a
a
a
a
a
Health
Care
Technology
1.0%
g
athenahealth
Group,
Inc.
,
Initial
CME
Term
Loan
,
8.805
%
,
(
1-month
SOFR
+
3.5
%
),
2/15/29
...............................
United
States
13,146,148
12,791,267
Hotels,
Restaurants
&
Leisure
5.8%
f,g
24
Hour
Fitness
Worldwide,
Inc.
,
Tranche
1
Term
Loan
,
10.529
%
,
PIK,
(
3-month
USD
LIBOR
+
5
%
),
12/29/25
................
United
States
23,186,322
3,978,715
g
Bally's
Corp.
,
Term
Loan,
B
,
8.576
%
,
(
3-month
SOFR
+
3.25
%
),
10/02/28
..........................................
United
States
9,935,181
9,811,885
g
Caesars
Entertainment,
Inc.
,
2023
Incremental
CME
Term
Loan,
B
,
8.452
%
,
(
1-month
SOFR
+
3.25
%
),
2/06/30
................
United
States
2,732,850
2,737,974
g
Dave
&
Buster's,
Inc.
,
Covenant-Lite
CME
Term
Loan
,
9
%
,
(
3-month
SOFR
+
3.75
%
),
6/29/29
..............................
United
States
2,685,512
2,688,869
g
Fertitta
Entertainment
LLC
,
Initial
CME
Term
Loan,
B
,
9.319
%
,
(
1-month
SOFR
+
4
%
),
1/27/29
.........................
United
States
6,216,443
6,160,278
g
Flutter
Entertainment
plc
,
Third
Amendment
CME
Term
Loan,
2028
B
,
8.753
%
,
(
3-month
SOFR
+
3.25
%
),
7/22/28
..............
Ireland
1,079,414
1,081,579
g
Flynn
Restaurant
Group
LP
,
First
Lien,
2021
CME
Term
Loan
,
9.683
%
,
(
1-month
SOFR
+
4.25
%
),
11/22/28
...............
United
States
6,882,154
6,867,116
g
Hilton
Grand
Vacations
Borrower
LLC
,
Initial
Term
Loan
,
8.433
%
,
(
1-month
SOFR
+
3
%
),
8/02/28
.........................
United
States
8,715,055
8,727,300
g
IRB
Holding
Corp.
,
2022
Replacement
CME
Term
Loan,
B
,
8.419
%
,
(
1-month
SOFR
+
3
%
),
12/15/27
........................
United
States
3,632,562
3,618,267
h,i
Ontario
Gaming
GTA
LP
,
CME
Term
Loan,
B
,
TBD,
7/20/30
......
Canada
2,728,927
2,732,338
g
Penn
National
Gaming,
Inc.
,
CME
Term
Loan,
B
,
7.952
%
,
(
1-month
SOFR
+
2.75
%
),
5/03/29
..............................
United
States
3,550,619
3,550,619
g
Raptor
Acquisition
Corp.
,
First
Lien,
Term
Loan,
B
,
9.52
%
,
(
3-month
SOFR
+
4
%
),
11/01/26
................................
United
States
5,558,353
5,563,578
g
Scientific
Games
Holdings
LP
,
First
Lien,
Initial
Dollar
CME
Term
Loan
,
8.768
%
,
(
3-month
SOFR
+
3.5
%
),
4/04/29
............
United
States
8,200,434
8,111,336
g
Scientific
Games
International,
Inc.
,
Initial
CME
Term
Loan,
B
,
8.302
%
,
(
1-month
SOFR
+
3
%
),
4/14/29
..................
United
States
4,353,698
4,353,349
g
Whatabrands
LLC
,
Initial
Term
Loan,
B
,
8.683
%
,
(
1-month
SOFR
+
3.25
%
),
8/03/28
.....................................
United
States
4,170,073
4,158,355
74,141,558
a
a
a
a
a
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
18
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
g
Household
Durables
0.4%
Astro
One
Acquisition
Corp.
,
First
Lien,
Term
Loan,
B
,
11.231
%
,
(
3-month
USD
LIBOR
+
5.5
%
),
9/15/28
...................
United
States
3,819,611
$
2,497,071
Hunter
Douglas
Holding
BV
,
CME
Term
Loan,
B1
,
8.666
%
,
(
3-month
SOFR
+
3.5
%
),
2/26/29
...............................
Netherlands
3,377,222
3,226,091
5,723,162
a
a
a
a
a
a
Household
Products
0.1%
g
Energizer
Holdings,
Inc.
,
2020
Term
Loan
,
7.656
%
,
(
1-month
SOFR
+
2.25
%
),
12/22/27
..................................
United
States
1,544,830
1,546,282
Independent
Power
and
Renewable
Electricity
Producers
0.3%
i
Calpine
Construction
Finance
Co.
LP
,
Term
Loan
,
TBD,
1/01/30
...
United
States
3,200,000
3,181,600
g
Talen
Energy
Supply
LLC
,
Initial
CME
Term
Loan,
B,
9.59%,
(3-month
SOFR
+
4.5%),
5/17/30
...........................................
United
States
613,757
613,757
Initial
CME
Term
Loan,
C,
9.59%,
(3-month
SOFR
+
4.5%),
5/17/30
...........................................
United
States
497,355
497,354
4,292,711
a
a
a
a
a
a
g
Insurance
4.5%
Acrisure
LLC
,
First
Lien,
2020
Term
Loan,
8.933%,
(1-month
USD
LIBOR
+
3.5%),
2/15/27
......................................
United
States
5,923,469
5,786,963
First
Lien,
2021-1
Additional
Term
Loan,
9.183%,
(1-month
USD
LIBOR
+
3.75%),
2/15/27
..............................
United
States
2,242,663
2,204,123
First
Lien,
2021-2
Additional
Term
Loan,
9.683%,
(1-month
USD
LIBOR
+
4.25%),
2/15/27
..............................
United
States
2,949,856
2,933,882
Alliant
Holdings
Intermediate
LLC
,
New
CME
Term
Loan,
B5,
8.722%,
(1-month
SOFR
+
3.5%),
11/05/27
..........................................
United
States
3,002,354
3,000,162
New
Term
Loan,
B4,
8.92%,
(1-month
USD
LIBOR
+
3.5%),
11/05/27
..........................................
United
States
4,657,406
4,651,235
AssuredPartners,
Inc.
,
2020
February
Refinancing
Term
Loan,
8.933%,
(1-month
SOFR
+
3.5%),
2/12/27
......................................
United
States
8,093,308
8,054,096
2022-2
CME
Term
Loan,
9.569%,
(1-month
SOFR
+
4.25%),
2/12/27
...........................................
United
States
783,553
785,186
Asurion
LLC
,
New
CME
Term
Loan,
B10,
9.419%,
(1-month
SOFR
+
4%),
8/19/28
...........................................
United
States
2,288,471
2,197,722
New
CME
Term
Loan,
B11,
9.669%,
(1-month
SOFR
+
4.25%),
8/19/28
...........................................
United
States
1,031,897
991,482
New
Term
Loan,
B8,
8.788%,
(1-month
USD
LIBOR
+
3.25%),
12/23/26
..........................................
United
States
2,658,928
2,594,795
New
Term
Loan,
B9,
8.788%,
(3-month
USD
LIBOR
+
3.25%),
7/31/27
...........................................
United
States
8,273
7,931
h
Second
Lien,
New
Term
Loan,
B3,
10.683%,
(1-month
SOFR
+
5.25%),
1/31/28
.....................................
United
States
7,696,342
6,871,717
h
Second
Lien,
New
Term
Loan,
B4,
10.683%,
(1-month
SOFR
+
5.25%),
1/20/29
.....................................
United
States
7,422,294
6,520,003
h
HUB
International
Ltd.
,
2022
Incremental
CME
Term
Loan,
9.072%,
(3-month
SOFR
+
4%),
11/10/29
......................................
United
States
9,231,310
9,261,081
2023
Refinancing
CME
Term
Loan,
9.584%,
(3-month
SOFR
+
4.25%),
6/20/30
.....................................
United
States
1,022,727
1,028,189
56,888,567
a
a
a
a
a
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
19
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
g
IT
Services
4.5%
Aptean
Acquiror,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.452
%
,
(
1-month
SOFR
+
4.25
%
),
4/23/26
.......................
United
States
3,337,095
$
3,311,750
h
Arches
Buyer,
Inc.
,
Refinancing
CME
Term
Loan
,
8.669
%
,
(
1-month
SOFR
+
3.25
%
),
12/06/27
.............................
United
States
3,673,987
3,573,247
Aventiv
Technologies
LLC
,
h
First
Lien,
Initial
Term
Loan,
10.231%,
(3-month
USD
LIBOR
+
4.5%),
11/01/24
.....................................
United
States
13,084,944
10,630,732
Second
Lien,
Initial
Term
Loan,
13.981%,
(3-month
USD
LIBOR
+
8.25%),
11/01/25
....................................
United
States
375,000
299,766
h
Barracuda
Parent
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
9.869
%
,
(
3-month
SOFR
+
4.5
%
),
8/15/29
........................
United
States
5,837,836
5,747,991
Gainwell
Acquisition
Corp.
,
First
Lien,
Term
Loan,
B
,
9.342
%
,
(
3-month
SOFR
+
4
%
),
10/01/27
........................
United
States
11,005,219
10,842,892
Go
Daddy
Operating
Co.
LLC
(GD
Finance
Co.,
Inc.)
,
Amendment
No.
6
CME
Term
Loan
,
7.819
%
,
(
1-month
SOFR
+
2.5
%
),
11/09/29
United
States
694,921
696,759
Hunter
Holdco
3
Ltd.
,
First
Lien,
Initial
Dollar
Term
Loan
,
9.592
%
,
(
3-month
SOFR
+
4.25
%
),
8/19/28
.......................
United
Kingdom
2,541,520
2,544,697
Peraton
Corp.
,
First
Lien,
Term
Loan,
B
,
9.169
%
,
(
1-month
SOFR
+
3.75
%
),
2/01/28
.....................................
United
States
10,742,659
10,678,042
Sitel
Worldwide
Corp.
,
Initial
Dollar
Term
Loan
,
9.183
%
,
(
1-month
SOFR
+
3.75
%
),
8/28/28
..............................
France
6,348,659
6,301,837
Thrasio
LLC
,
Initial
Term
Loan
,
12.503
%
,
(
3-month
SOFR
+
7
%
),
12/18/26
..........................................
United
States
2,449,749
2,033,291
56,661,004
a
a
a
a
a
a
g
Leisure
Products
0.3%
Hercules
Achievement,
Inc.
(Varsity
Brands
Holding
Co.,
Inc.)
,
First
Lien,
Initial
Term
Loan
,
8.933
%
,
(
1-month
SOFR
+
3.5
%
),
12/16/24
United
States
1,737,061
1,707,435
Motion
Acquisition
Ltd.
,
Term
Loan,
B1,
8.788%,
(3-month
SOFR
+
3.25%),
11/12/26
...
United
Kingdom
1,539,587
1,536,062
Term
Loan,
B2,
8.788%,
(3-month
SOFR
+
3.25%),
11/12/26
...
United
Kingdom
219,487
218,984
3,462,481
a
a
a
a
a
a
Life
Sciences
Tools
&
Services
0.4%
g
ICON
plc
,
CME
Term
Loan,
7.753%,
(3-month
SOFR
+
2.25%),
7/03/28
...
United
States
3,943,061
3,951,341
U.S.
CME
Term
Loan,
7.753%,
(3-month
SOFR
+
2.25%),
7/03/28
United
States
982,416
984,479
4,935,820
a
a
a
a
a
a
g
Machinery
1.5%
h
ASP
Blade
Holdings,
Inc.
,
Initial
Term
Loan
,
9.433
%
,
(
1-month
SOFR
+
4
%
),
10/13/28
.....................................
United
States
8,307,234
7,441,869
Tiger
Acquisition
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.452
%
,
(
1-month
SOFR
+
3.25
%
),
6/01/28
.......................
United
States
7,076,525
6,981,983
h
TK
Elevator
Midco
GmbH
,
USD
Term
Loan,
B1
,
8.602
%
,
(
6-month
SOFR
+
3.5
%
),
7/30/27
...............................
Germany
4,994,928
4,982,765
19,406,617
a
a
a
a
a
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
20
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
g
Media
4.8%
Cengage
Learning,
Inc.
,
First
Lien,
Term
Loan,
B
,
10.323
%
,
(
3-month
SOFR
+
4.75
%
),
7/14/26
..............................
United
States
12,046,276
$
11,938,823
Clear
Channel
Outdoor
Holdings,
Inc.
,
Term
Loan,
B
,
8.933
%
,
(
1-month
SOFR
+
3.5
%
),
8/21/26
........................
United
States
3,262,186
3,168,398
CSC
Holdings
LLC
,
March
2017
Refinancing
Term
Loan
,
7.586
%
,
(
1-month
USD
LIBOR
+
2.25
%
),
7/17/25
..................
United
States
9,046,527
8,664,311
Gray
Television,
Inc.
,
Term
Loan,
D
,
8.227
%
,
(
1-month
SOFR
+
3
%
),
12/01/28
..........................................
United
States
5,423,108
5,359,061
h
iHeartCommunications,
Inc.
,
New
Term
Loan
,
8.433
%
,
(
1-month
SOFR
+
3
%
),
5/01/26
.................................
United
States
4,166,667
3,769,792
McGraw-Hill
Education,
Inc.
,
Initial
CME
Term
Loan
,
10.099
%
,
(
1-month
SOFR
+
4.75%;
6-month
SOFR
+
4.75%
),
7/28/28
....
United
States
9,258,452
9,017,733
MH
Sub
I
LLC
(Micro
Holding
Corp.)
,
First
Lien,
2020
June
New
Term
Loan,
9.183%,
(1-month
SOFR
+
3.75%),
9/13/24
.....................................
United
States
456,564
457,324
h
First
Lien,
2023
May
Incremental
CME
Term
Loan,
9.352%,
(1-month
SOFR
+
4.25%),
5/03/28
.......................
United
States
3,947,088
3,812,335
Nexstar
Media,
Inc.
,
Term
Loan,
B4
,
7.933
%
,
(
1-month
SOFR
+
2.5
%
),
9/18/26
......................................
United
States
944,699
945,804
Radiate
Holdco
LLC
,
Amendment
No.
6
Term
Loan,
B
,
8.683
%
,
(
1-month
SOFR
+
3.25
%
),
9/25/26
.......................
United
States
7,699,473
6,509,250
Univision
Communications,
Inc.
,
First
Lien,
Initial
Term
Loan,
B
,
8.443
%
,
(
1-month
SOFR
+
3.25
%
),
1/31/29
................
United
States
3,043,745
3,016,352
Virgin
Media
Bristol
LLC
,
Term
Loan,
Q
,
8.586
%
,
(
1-month
SOFR
+
3.25
%
),
1/31/29
.....................................
United
States
4,555,393
4,503,302
61,162,485
a
a
a
a
a
a
Metals
&
Mining
0.2%
g
Arsenal
AIC
Parent
LLC
,
CME
Term
Loan,
B
,
9.879
%
,
(
1-month
SOFR
+
4.5
%
),
8/18/30
...............................
United
States
2,186,712
2,187,849
g
Passenger
Airlines
1.6%
AAdvantage
Loyalty
IP
Ltd.
(American
Airlines,
Inc.)
,
Initial
Term
Loan
,
10.338
%
,
(
3-month
SOFR
+
4.75
%
),
4/20/28
..........
United
States
3,851,646
3,994,465
Air
Canada
,
Term
Loan
,
8.839
%
,
(
3-month
USD
LIBOR
+
3.5
%
),
8/11/28
...........................................
Canada
4,466,132
4,474,104
Kestrel
Bidco,
Inc.
,
Term
Loan
,
8.251
%
,
(
3-month
SOFR
+
3
%
),
12/11/26
..........................................
Canada
4,839,026
4,741,254
United
Airlines,
Inc.
,
Term
Loan,
B
,
9.292
%
,
(
3-month
SOFR
+
3.75
%
),
4/21/28
.....................................
United
States
6,544,966
6,565,418
19,775,241
a
a
a
a
a
a
g
Personal
Care
Products
1.6%
Conair
Holdings
LLC
,
First
Lien,
Initial
Term
Loan
,
9.288
%
,
(
3-month
SOFR
+
3.75
%
),
5/17/28
..............................
United
States
10,537,893
10,052,676
Sunshine
Luxembourg
VII
SARL
,
Term
Loan,
B3
,
9.092
%
,
(
3-month
USD
LIBOR
+
3.75
%
),
10/01/26
.........................
Luxembourg
10,476,736
10,476,160
20,528,836
a
a
a
a
a
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
21
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
g
Pharmaceuticals
1.9%
Grifols
Worldwide
Operations
Ltd.
,
Dollar
Tranche
Term
Loan,
B
,
7.414
%
,
(
3-month
SOFR
+
2
%
),
11/15/27
..................
Spain
2,000,000
$
1,977,050
Jazz
Pharmaceuticals
plc
,
Initial
Dollar
Term
Loan
,
8.933
%
,
(
1-month
SOFR
+
3.5
%
),
5/05/28
...............................
United
States
8,995,236
8,995,866
Organon
&
Co.
,
Dollar
Term
Loan
,
8.257
%
,
(
1-month
SOFR
+
3
%
),
6/02/28
...........................................
United
States
3,857,082
3,851,547
Perrigo
Co.
plc
,
Initial
CME
Term
Loan,
B
,
7.669
%
,
(
1-month
SOFR
+
2.25
%
),
4/20/29
...................................
United
States
3,189,540
3,177,579
PetVet
Care
Centers
LLC
,
First
Lien,
2021
First
Lien
Replacement
Term
Loan
,
8.919
%
,
(
1-month
SOFR
+
3.5
%
),
2/14/25
........
United
States
5,714,627
5,597,963
23,600,005
a
a
a
a
a
a
g
Professional
Services
1.1%
CCRR
Parent,
Inc.
,
First
Lien,
Initial
Term
Loan
,
9.183
%
,
(
1-month
SOFR
+
3.75
%
),
3/06/28
..............................
United
States
5,206,414
5,115,301
CHG
Healthcare
Services,
Inc.
,
First
Lien,
Initial
Term
Loan
,
8.683
%
,
(
1-month
SOFR
+
3.25
%
),
9/29/28
.......................
United
States
5,056,110
5,052,343
Dun
&
Bradstreet
Corp.
(The)
,
Initial
Term
Loan
,
8.434
%
,
(
1-month
SOFR
+
3.25
%
),
2/06/26
..............................
United
States
3,826,877
3,831,240
13,998,884
a
a
a
a
a
a
Real
Estate
Management
&
Development
0.2%
g,h
Cushman
&
Wakefield
US
Borrower
LLC
,
2023-1
Refinancing
CME
Term
Loan
,
8.669
%
,
(
1-month
SOFR
+
3.25
%
),
1/31/30
.......
United
States
2,600,000
2,522,000
Semiconductors
&
Semiconductor
Equipment
0.2%
g,h
MKS
Instruments,
Inc.
,
Initial
Dollar
CME
Term
Loan,
B
,
8.155
%
,
(
1-month
SOFR
+
2.75
%
),
8/17/29
.......................
United
States
3,000,000
3,000,705
g
Software
9.1%
h
Central
Parent,
Inc.
,
Initial
CME
Term
Loan,
B
,
9.492
%
,
(
3-month
SOFR
+
4.25
%
),
7/06/29
..............................
United
States
2,735,143
2,739,546
Cloudera,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.952
%
,
(
1-month
SOFR
+
3.75
%
),
10/08/28
.............................
United
States
5,987,905
5,855,692
Cornerstone
OnDemand,
Inc.
,
First
Lien,
Initial
Term
Loan
,
9.253
%
,
(
3-month
SOFR
+
3.75
%
),
10/16/28
......................
United
States
2,230,817
2,072,574
DCert
Buyer,
Inc.
,
First
Lien,
Initial
CME
Term
Loan,
9.264%,
(3-month
SOFR
+
4%),
10/16/26
..........................................
United
States
12,089,537
12,059,314
Second
Lien,
First
Amendment
Refinancing
Term
Loan,
12.264%,
(3-month
SOFR
+
7%),
2/19/29
.........................
United
States
5,168,879
4,840,991
ECI
Macola/MAX
Holding
LLC
,
First
Lien,
Initial
Term
Loan
,
9.253
%
,
(
3-month
SOFR
+
3.75
%
),
11/09/27
......................
United
States
3,749,332
3,738,984
Epicor
Software
Corp.
,
Term
Loan,
C
,
8.683
%
,
(
1-month
SOFR
+
3.25
%
),
7/30/27
.....................................
United
States
8,146,049
8,104,504
Genesys
Cloud
Services
Holdings
I
LLC
,
2020
Initial
Dollar
CME
Term
Loan
,
9.356
%
,
(
1-month
SOFR
+
4
%
),
12/01/27
........
United
States
12,284,610
12,286,944
GoTo
Group,
Inc.
,
First
Lien,
Initial
Term
Loan
,
9.943
%
,
(
1-month
SOFR
+
4.75
%
),
8/31/27
..............................
United
States
5,818,096
3,724,890
Hyland
Software,
Inc.
,
h
First
Lien,
2018
Refinancing
Term
Loan,
8.933%,
(1-month
SOFR
+
3.5%),
7/01/24
....................................
United
States
7,619,316
7,605,030
Second
Lien,
2021
Refinancing
Term
Loan,
11.683%,
(1-month
SOFR
+
6.25%),
7/07/25
..............................
United
States
4,056,061
4,035,780
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
22
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
g
Software
(continued)
Idera,
Inc.
,
First
Lien,
CME
Term
Loan,
B1
,
8.963
%
,
(
1-month
SOFR
+
3.75
%
),
3/02/28
...................................
United
States
3,655,186
$
3,586,651
IGT
Holding
IV
AB
,
CME
Term
Loan,
B2
,
8.712
%
,
(
3-month
SOFR
+
3.4
%
),
3/31/28
......................................
Sweden
1,280,682
1,273,209
Ivanti
Software,
Inc.
,
First
Lien,
2021
Specified
Refinancing
Term
Loan,
9.758%,
(3-month
SOFR
+
4.25%),
12/01/27
......................
United
States
3,521,389
2,973,831
First
Lien,
First
Amendment
Term
Loan,
9.538%,
(3-month
SOFR
+
4%),
12/01/27
......................................
United
States
299,512
252,650
McAfee
Corp.
,
CME
Term
Loan,
B1
,
8.963
%
,
(
1-month
SOFR
+
3.75
%
),
3/01/29
.....................................
United
States
7,981,109
7,744,508
Mitchell
International,
Inc.
,
First
Lien,
Initial
Term
Loan,
9.183%,
(1-month
SOFR
+
3.75%),
10/15/28
..........................................
United
States
4,359,831
4,302,369
Second
Lien,
Initial
Term
Loan,
11.933%,
(1-month
SOFR
+
6.5%),
10/15/29
..........................................
United
States
428,571
385,714
Polaris
Newco
LLC
,
First
Lien,
Dollar
Term
Loan
,
9.538
%
,
(
3-month
SOFR
+
4
%
),
6/02/28
.................................
United
States
7,502,992
7,099,144
Precisely
Software,
Inc.
,
First
Lien,
Third
Amendment
Term
Loan
,
9.863
%
,
(
3-month
USD
LIBOR
+
4.25
%
),
4/24/28
............
United
States
2,925,641
2,808,879
Quest
Software
US
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.445
%
,
(
3-month
SOFR
+
4.25
%
),
2/01/29
................
United
States
4,372,168
3,575,012
Rocket
Software,
Inc.
,
First
Lien,
Initial
Term
Loan
,
9.467
%
,
(
1-month
SOFR
+
4.25
%
),
11/28/25
.............................
United
States
9,087
9,072
Sovos
Compliance
LLC
,
First
Lien,
Initial
Term
Loan
,
9.933
%
,
(
1-month
SOFR
+
4.5
%
),
8/11/28
........................
United
States
4,723,022
4,601,192
UKG,
Inc.
,
First
Lien,
2021-2
Incremental
CME
Term
Loan,
8.618%,
(3-month
SOFR
+
3.25%),
5/04/26
..............................
United
States
4,672,237
4,653,688
First
Lien,
Initial
CME
Term
Loan,
9.219%,
(3-month
SOFR
+
3.75%),
5/04/26
.....................................
United
States
5,205,324
5,205,350
115,535,518
a
a
a
a
a
a
g
Specialty
Retail
4.0%
Evergreen
AcqCo
1
LP
,
Initial
CME
Term
Loan
,
10.753
%
,
(
3-month
SOFR
+
5.25
%
),
4/26/28
..............................
United
States
4,612,763
4,613,916
Great
Outdoors
Group
LLC
,
Term
Loan,
B2
,
9.183
%
,
(
1-month
SOFR
+
3.75
%
),
3/06/28
..............................
United
States
3,641,390
3,637,967
Michaels
Cos.,
Inc.
(The)
,
Term
Loan,
B
,
9.753
%
,
(
3-month
SOFR
+
4.25
%
),
4/15/28
.....................................
United
States
5,634,704
5,210,692
Park
River
Holdings,
Inc.
,
First
Lien,
Initial
Term
Loan
,
8.522
%
,
(
3-month
SOFR
+
3.25
%
),
12/28/27
......................
United
States
1,186,159
1,147,757
Petco
Health
&
Wellness
Co.,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.753
%
,
(
3-month
SOFR
+
3.25
%
),
3/03/28
................
United
States
5,159,347
5,149,184
PetSmart
LLC
,
Initial
CME
Term
Loan
,
9.169
%
,
(
1-month
SOFR
+
3.75
%
),
2/11/28
.....................................
United
States
5,807,907
5,813,076
RealTruck
Group,
Inc.
,
Initial
Term
Loan
,
9.183
%
,
(
1-month
SOFR
+
3.75
%
),
1/31/28
.....................................
United
States
8,483,160
8,003,056
Restoration
Hardware,
Inc.
,
2022
Incremental
CME
Term
Loan
,
8.669
%
,
(
1-month
SOFR
+
3.25
%
),
10/20/28
...............
United
States
2,132,258
2,087,481
Staples,
Inc.
,
2019
Refinancing
New
Term
Loan,
B1,
10.299%,
(3-month
USD
LIBOR
+
5%),
4/16/26
................................
United
States
3,009,822
2,592,706
h
2019
Refinancing
New
Term
Loan,
B-2,
9.799%,
(3-month
USD
LIBOR
+
4.5%),
9/12/24
...............................
United
States
1,700,000
1,682,090
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
23
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
g
Specialty
Retail
(continued)
White
Cap
Supply
Holdings
LLC
,
Initial
Closing
Date
CME
Term
Loan
,
8.852
%
,
(
1-month
SOFR
+
3.75
%
),
10/19/27
..........
United
States
2,918,063
$
2,912,431
h
Woof
Holdings,
Inc.
,
First
Lien,
Initial
Term
Loan
,
9.17
%
,
(
1-month
SOFR
+
3.75
%
),
12/21/27
.............................
United
States
7,852,902
7,597,682
50,448,038
a
a
a
a
a
a
Technology
Hardware,
Storage
&
Peripherals
0.4%
g
Magenta
Buyer
LLC
,
First
Lien,
Initial
Term
Loan
,
10.631
%
,
(
3-month
SOFR
+
5
%
),
7/27/28
.................................
United
States
6,786,130
5,166,891
g
Textiles,
Apparel
&
Luxury
Goods
0.5%
Champ
Acquisition
Corp.
,
First
Lien,
Initial
Term
Loan
,
10.71
%
,
(
3-month
USD
LIBOR
+
5.5
%
),
12/19/25
..................
United
States
4,709,585
4,714,294
Tory
Burch
LLC
,
Initial
Term
Loan,
B
,
8.933
%
,
(
1-month
SOFR
+
3.5
%
),
4/16/28
......................................
United
States
1,495,933
1,464,376
6,178,670
a
a
a
a
a
a
g
Transportation
Infrastructure
1.2%
First
Student
Bidco,
Inc.
,
Incremental
CME
Term
Loan,
B,
9.342%,
(3-month
SOFR
+
4%),
7/21/28
...........................................
United
States
1,860,686
1,838,357
Incremental
CME
Term
Loan,
C,
9.342%,
(3-month
SOFR
+
4%),
7/21/28
...........................................
United
States
129,870
128,312
Initial
Term
Loan,
B,
8.501%,
(3-month
SOFR
+
3%),
7/21/28
...
United
States
4,389,516
4,283,290
Initial
Term
Loan,
C,
8.501%,
(3-month
SOFR
+
3%),
7/21/28
...
United
States
1,645,318
1,605,501
h
LaserShip,
Inc.
,
First
Lien,
Initial
Term
Loan
,
10.131
%
,
(
3-month
SOFR
+
4.5
%
),
5/07/28
...............................
United
States
8,898,856
7,661,915
15,517,375
a
a
a
a
a
a
Total
Senior
Floating
Rate
Interests
(Cost
$1,070,362,874)
........................
1,032,306,816
Asset-Backed
Securities
0.7%
Financial
Services
0.7%
e,g
Alinea
CLO
Ltd.
,
2018-1A
,
C
,
144A,
FRN
,
7.488
%
,
(
3-month
SOFR
+
2.162
%
),
7/20/31
.
...................................
United
States
7,000,000
6,867,390
e,g
Dryden
40
Senior
Loan
Fund
,
2015-40A
,
CR
,
144A,
FRN
,
7.421
%
,
(
3-month
USD
LIBOR
+
2.1
%
),
8/15/31
.
...................
United
States
2,000,000
1,956,195
e,g
Galaxy
XXV
CLO
Ltd.
,
2018-25A
,
C
,
144A,
FRN
,
7.613
%
,
(
3-month
SOFR
+
2.262
%
),
10/25/31
.
............................
United
States
500,000
489,031
9,312,616
a
a
a
a
a
a
Total
Asset-Backed
Securities
(Cost
$9,500,000)
................................
9,312,616
Shares
a
Escrows
and
Litigation
Trusts
0.1%
a,d
Millennium
Corporate
Claim
Trust,
Escrow
Account
............
United
States
13,585,837
—
a,d
Millennium
Lender
Claim
Trust,
Escrow
Account
..............
United
States
13,585,837
—
a,b,d
Onsite
Rental
Group
Operations
Pty.
Ltd.,
Escrow
Account
......
Australia
11,563,612
1,174,847
Total
Escrows
and
Litigation
Trusts
(Cost
$1,187,441)
...........................
1,174,847
Total
Long
Term
Investments
(Cost
$1,276,148,280)
.............................
1,223,095,359
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
24
See
Abbreviations
on
page
286.
Short
Term
Investments
5.5%
a
a
Country
Shares
a
Value
a
a
a
Money
Market
Funds
5.0%
c,j
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
....
United
States
63,614,242
$
63,614,242
Total
Money
Market
Funds
(Cost
$63,614,242)
..................................
63,614,242
Principal
Amount
*
a
a
a
Repurchase
Agreements
0.5%
k
Joint
Repurchase
Agreement,
5.24%,
8/01/23
(Maturity
Value
$6,660,861)
BNP
Paribas
Securities
Corp.
(Maturity
Value
$1,427,956)
Deutsche
Bank
Securities,
Inc.
(Maturity
Value
$3,233,781)
HSBC
Securities
(USA),
Inc.
(Maturity
Value
$1,999,124)
Collateralized
by
U.S.
Government
Agency
Securities,
2.5%
-
4.5%,
10/20/27
-
10/20/51;
U.S.
Government
Agency
Strips,
11/15/37
-
8/15/52;
U.S.
Treasury
Bonds,
3.13%,
8/15/44;
U.S.
Treasury
Bonds,
Index
Linked,
0.13%,
4/15/25;
and
U.S.
Treasury
Notes,
0.25%
-
4.25%,
11/15/24
-
7/31/30
(valued
at
$6,793,914)
6,659,891
6,659,891
Total
Repurchase
Agreements
(Cost
$6,659,891)
................................
6,659,891
Total
Short
Term
Investments
(Cost
$70,274,133
)
................................
70,274,133
a
Total
Investments
(Cost
$1,346,422,413)
101.8%
................................
$1,293,369,492
Other
Assets,
less
Liabilities
(1.8)%
...........................................
(22,739,775)
Net
Assets
100.0%
...........................................................
$1,270,629,717
*
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
See
Note
5
regarding
holdings
of
5%
voting
securities.
c
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
d
Fair
valued
using
significant
unobservable
inputs.
See
Note
7
regarding
fair
value
measurements.
e
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
July
31,
2023,
the
aggregate
value
of
these
securities
was
$78,628,451,
representing
6.2%
of
net
assets.
f
Income
may
be
received
in
additional
securities
and/or
cash.
g
The
coupon
rate
shown
represents
the
rate
inclusive
of
any
caps
or
floors,
if
applicable,
in
effect
at
period
end.
h
A
portion
or
all
of
the
security
purchased
on
a
delayed
delivery
basis.
i
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.
j
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
k
Investment
is
through
participation
in
a
joint
account
with
other
funds
managed
by
the
investment
manager
or
an
affiliate
of
the
investment
manager.
At
July
31,
2023,
all
repurchase
agreements
had
been
entered
into
on
that
date.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2023
Franklin
Low
Duration
Total
Return
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
25
,
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
0.0%
Broadline
Retail
0.0%
a,b,c
K2016470219
South
Africa
Ltd.,
A
.........................
South
Africa
12,326,925
$
—
a,b,c
K2016470219
South
Africa
Ltd.,
B
.........................
South
Africa
1,226,701
—
—
Total
Common
Stocks
(Cost
$92,988)
..........................................
—
Management
Investment
Companies
4.5%
Capital
Markets
4.5%
d
Franklin
Floating
Rate
Income
Fund
.......................
United
States
13,061,900
104,103,343
Total
Management
Investment
Companies
(Cost
$107,664,756)
...................
104,103,343
Principal
Amount
*
Corporate
Bonds
31.0%
Aerospace
&
Defense
0.6%
Boeing
Co.
(The)
,
Senior
Note
,
2.196
%
,
2/04/26
..............
United
States
10,400,000
9,601,762
General
Dynamics
Corp.
,
Senior
Note
,
3.25
%
,
4/01/25
.........
United
States
4,000,000
3,876,553
e
TransDigm,
Inc.
,
Senior
Secured
Note
,
144A,
6.25
%
,
3/15/26
....
United
States
1,500,000
1,493,274
14,971,589
Air
Freight
&
Logistics
0.1%
e
DAE
Funding
LLC
,
Senior
Note
,
144A,
1.55
%
,
8/01/24
.........
United
Arab
Emirates
1,700,000
1,621,145
Automobile
Components
0.0%
†
e
Allison
Transmission,
Inc.
,
Senior
Bond
,
144A,
4.75
%
,
10/01/27
..
United
States
1,200,000
1,135,186
Automobiles
0.3%
e
Mercedes-Benz
Finance
North
America
LLC
,
Senior
Note
,
144A,
4.95
%
,
3/30/25
.....................................
Germany
7,100,000
7,059,044
Banks
9.0%
Bank
of
America
Corp.
,
Senior
Note,
2.015%
to
2/12/25,
FRN
thereafter,
2/13/26
......
United
States
3,500,000
3,306,210
Senior
Note,
3.384%
to
4/01/25,
FRN
thereafter,
4/02/26
......
United
States
8,300,000
7,987,819
Senior
Note,
4.376%
to
4/26/27,
FRN
thereafter,
4/27/28
......
United
States
8,000,000
7,708,947
Bank
of
Montreal
,
H
,
Senior
Note
,
4.25
%
,
9/14/24
.............
Canada
9,850,000
9,708,812
Bank
of
Nova
Scotia
(The)
,
Senior
Note
,
2.951
%
,
3/11/27
.......
Canada
7,000,000
6,488,604
e
BNP
Paribas
SA
,
Senior
Note
,
144A,
2.819%
to
11/18/24,
FRN
thereafter
,
11/19/25
..................................
France
5,700,000
5,458,961
e
BPCE
SA
,
Senior
Note
,
144A,
2.375
%
,
1/14/25
...............
France
7,000,000
6,605,345
Citigroup,
Inc.
,
Senior
Note,
3.29%
to
3/16/25,
FRN
thereafter,
3/17/26
.......
United
States
8,200,000
7,872,514
Senior
Note,
3.106%
to
4/07/25,
FRN
thereafter,
4/08/26
......
United
States
6,500,000
6,225,034
Sub.
Bond,
4.6%,
3/09/26
.............................
United
States
2,600,000
2,538,250
HSBC
Holdings
plc
,
Senior
Bond,
4.3%,
3/08/26
............................
United
Kingdom
800,000
776,640
Senior
Note,
4.18%
to
12/08/24,
FRN
thereafter,
12/09/25
.....
United
Kingdom
6,000,000
5,849,003
Senior
Note,
2.013%
to
9/21/27,
FRN
thereafter,
9/22/28
......
United
Kingdom
7,600,000
6,568,233
Huntington
National
Bank
(The)
,
Senior
Note
,
5.699%
to
11/17/24,
FRN
thereafter
,
11/18/25
..............................
United
States
5,700,000
5,587,844
JPMorgan
Chase
&
Co.
,
Senior
Note,
3.845%
to
6/13/24,
FRN
thereafter,
6/14/25
......
United
States
5,400,000
5,299,905
Senior
Note,
2.083%
to
4/21/25,
FRN
thereafter,
4/22/26
......
United
States
18,200,000
17,124,621
Sub.
Bond,
3.875%,
9/10/24
...........................
United
States
8,400,000
8,244,198
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
26
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Banks
(continued)
KeyBank
NA
,
Senior
Note
,
4.15
%
,
8/08/25
..................
United
States
5,400,000
$
5,169,862
Manufacturers
&
Traders
Trust
Co.
,
Senior
Note
,
5.4
%
,
11/21/25
..
United
States
7,900,000
7,750,125
Mitsubishi
UFJ
Financial
Group,
Inc.
,
Senior
Note,
5.063%
to
9/11/24,
FRN
thereafter,
9/12/25
......
Japan
10,700,000
10,589,001
f
Senior
Note,
FRN,
5.719%,
(1-year
CMT
T-Note
+
1.08%),
2/20/26
...........................................
Japan
1,000,000
997,233
Mizuho
Financial
Group,
Inc.
,
Senior
Note
,
5.778%
to
7/05/28,
FRN
thereafter
,
7/06/29
...................................
Japan
4,500,000
4,522,694
National
Bank
of
Canada
,
Senior
Note
,
3.75%
to
6/08/24,
FRN
thereafter
,
6/09/25
...................................
Canada
6,600,000
6,468,029
e
Nordea
Bank
Abp
,
Senior
Note
,
144A,
4.75
%
,
9/22/25
..........
Finland
3,800,000
3,734,434
Santander
UK
Group
Holdings
plc
,
Senior
Note
,
1.673%
to
6/23/26,
FRN
thereafter
,
6/14/27
...............................
United
Kingdom
5,900,000
5,171,826
e
Shinhan
Bank
Co.
Ltd.
,
Senior
Note
,
144A,
1.375
%
,
10/21/26
....
South
Korea
6,500,000
5,703,344
e
Societe
Generale
SA
,
Senior
Note,
144A,
2.226%
to
1/20/25,
FRN
thereafter,
1/21/26
.
France
6,600,000
6,177,613
Senior
Note,
144A,
1.792%
to
6/08/26,
FRN
thereafter,
6/09/27
.
France
3,900,000
3,444,276
Toronto-Dominion
Bank
(The)
,
Senior
Note
,
4.285
%
,
9/13/24
.....
Canada
13,900,000
13,692,990
Truist
Financial
Corp.
,
Senior
Note
,
5.9%
to
10/27/25,
FRN
thereafter
,
10/28/26
..................................
United
States
6,800,000
6,793,468
Wells
Fargo
&
Co.
,
Senior
Note,
2.188%
to
4/29/25,
FRN
thereafter,
4/30/26
......
United
States
13,400,000
12,608,341
Sub.
Bond,
4.1%,
6/03/26
.............................
United
States
3,000,000
2,881,819
209,055,995
Beverages
0.5%
Anheuser-Busch
Cos.
LLC
/
Anheuser-Busch
InBev
Worldwide,
Inc.
,
Senior
Note
,
3.65
%
,
2/01/26
...........................
Belgium
8,000,000
7,744,900
e
Coca-Cola
Europacific
Partners
plc
,
Senior
Note
,
144A,
1.5
%
,
1/15/27
...........................................
United
Kingdom
4,400,000
3,910,422
11,655,322
Biotechnology
0.5%
AbbVie,
Inc.
,
Senior
Bond,
3.6%,
5/14/25
............................
United
States
810,000
785,129
Senior
Note,
3.8%,
3/15/25
............................
United
States
600,000
584,768
Senior
Note,
2.95%,
11/21/26
..........................
United
States
500,000
469,245
Amgen,
Inc.
,
Senior
Note
,
5.15
%
,
3/02/28
...................
United
States
10,200,000
10,208,782
12,047,924
Broadline
Retail
0.0%
a,e,g
K2016470219
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
3
%
,
12/31/22
.......................................
South
Africa
1,068,278
—
a,e,g
K2016470260
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
25
%
,
12/31/22
......................................
South
Africa
470,581
—
—
Capital
Markets
2.8%
Bank
of
New
York
Mellon
(The)
,
Senior
Note
,
5.224%
to
11/20/24,
FRN
thereafter
,
11/21/25
..............................
United
States
7,900,000
7,863,087
Deutsche
Bank
AG
,
Senior
Note,
2.222%
to
9/17/23,
FRN
thereafter,
9/18/24
......
Germany
7,000,000
6,951,926
Senior
Note,
4.162%,
5/13/25
..........................
Germany
6,600,000
6,428,999
Goldman
Sachs
Group,
Inc.
(The)
,
Senior
Bond,
3.75%,
2/25/26
...........................
United
States
6,500,000
6,244,656
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
27
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Capital
Markets
(continued)
Goldman
Sachs
Group,
Inc.
(The),
(continued)
Senior
Note,
5.7%,
11/01/24
...........................
United
States
5,400,000
$
5,395,571
Senior
Note,
4.387%
to
6/14/26,
FRN
thereafter,
6/15/27
......
United
States
2,700,000
2,629,037
Senior
Note,
2.64%
to
2/23/27,
FRN
thereafter,
2/24/28
.......
United
States
5,500,000
4,983,137
Morgan
Stanley
,
Senior
Bond,
3.7%,
10/23/24
...........................
United
States
1,400,000
1,369,424
Senior
Note,
2.188%
to
4/27/25,
FRN
thereafter,
4/28/26
......
United
States
3,800,000
3,577,303
Sub.
Bond,
4.35%,
9/08/26
............................
United
States
7,800,000
7,541,636
UBS
Group
AG
,
Senior
Note,
4.55%,
4/17/26
...........................
Switzerland
5,100,000
4,947,638
e
Senior
Note,
144A,
6.373%
to
7/14/25,
FRN
thereafter,
7/15/26
.
Switzerland
500,000
500,730
e
Senior
Note,
144A,
5.711%
to
1/11/26,
FRN
thereafter,
1/12/27
.
Switzerland
6,500,000
6,493,102
64,926,246
Commercial
Services
&
Supplies
0.2%
Republic
Services,
Inc.
,
Senior
Note
,
4.875
%
,
4/01/29
..........
United
States
4,000,000
3,987,770
Communications
Equipment
0.0%
†
e
CommScope
Technologies
LLC
,
Senior
Note
,
144A,
6
%
,
6/15/25
..
United
States
900,000
817,300
Consumer
Finance
0.4%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
,
Senior
Note
,
3
%
,
10/29/28
..................................
Ireland
3,000,000
2,619,003
Capital
One
Financial
Corp.
,
Senior
Bond
,
3.8
%
,
1/31/28
........
United
States
7,000,000
6,491,747
Caterpillar
Financial
Services
Corp.
,
Senior
Note
,
1.45
%
,
5/15/25
.
United
States
1,100,000
1,030,674
10,141,424
Consumer
Staples
Distribution
&
Retail
0.1%
e
Cencosud
SA
,
Senior
Bond
,
144A,
4.375
%
,
7/17/27
...........
Chile
2,900,000
2,758,638
Diversified
Consumer
Services
0.1%
Grand
Canyon
University
,
Secured
Note
,
4.125
%
,
10/01/24
......
United
States
1,900,000
1,798,350
Diversified
Telecommunication
Services
1.0%
AT&T,
Inc.
,
Senior
Note
,
1.65
%
,
2/01/28
....................
United
States
7,000,000
5,981,585
e
Iliad
Holding
SASU
,
Senior
Secured
Note
,
144A,
6.5
%
,
10/15/26
..
France
2,000,000
1,918,523
Verizon
Communications,
Inc.
,
Senior
Note
,
1.45
%
,
3/20/26
.....
United
States
15,700,000
14,242,610
22,142,718
Electric
Utilities
1.4%
Exelon
Corp.
,
Senior
Bond
,
3.4
%
,
4/15/26
...................
United
States
7,000,000
6,679,427
Florida
Power
&
Light
Co.
,
Senior
Note
,
4.4
%
,
5/15/28
.........
United
States
3,150,000
3,098,385
e
Korea
East-West
Power
Co.
Ltd.
,
Senior
Note,
144A,
1.75%,
5/06/25
......................
South
Korea
8,500,000
7,934,987
Senior
Note,
144A,
3.6%,
5/06/25
.......................
South
Korea
4,700,000
4,541,355
NextEra
Energy
Capital
Holdings,
Inc.
,
Senior
Note
,
6.051
%
,
3/01/25
United
States
2,700,000
2,720,739
Southern
Co.
(The)
,
Senior
Bond
,
3.25
%
,
7/01/26
.............
United
States
6,850,000
6,480,787
31,455,680
Entertainment
0.8%
e
Banijay
Entertainment
SASU
,
Senior
Secured
Note
,
144A,
5.375
%
,
3/01/25
...........................................
France
2,500,000
2,446,011
Netflix,
Inc.
,
Senior
Bond,
5.75%,
3/01/24
...........................
United
States
1,800,000
1,798,686
Senior
Bond,
4.375%,
11/15/26
.........................
United
States
3,100,000
3,038,988
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
28
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Entertainment
(continued)
Netflix,
Inc.,
(continued)
e
Senior
Note,
144A,
3.625%,
6/15/25
.....................
United
States
3,100,000
$
2,998,557
Walt
Disney
Co.
(The)
,
Senior
Note
,
1.75
%
,
1/13/26
...........
United
States
6,600,000
6,105,365
Warnermedia
Holdings,
Inc.
,
Senior
Note
,
3.428
%
,
3/15/24
......
United
States
2,250,000
2,215,305
18,602,912
Financial
Services
0.5%
a,f
Cia
Securitizadora
de
Creditos
Financeiros
Vert-Fintech
,
12
,
Senior
Secured
Note
,
FRN
,
14.9
%
,
(
BZDIOVRA
+
5.75
%
),
2/14/24
....
Brazil
8,489,727
BRL
973,791
e
EDP
Finance
BV
,
Senior
Note
,
144A,
1.71
%
,
1/24/28
..........
Portugal
6,500,000
5,570,315
Fiserv,
Inc.
,
Senior
Note
,
2.25
%
,
6/01/27
....................
United
States
5,200,000
4,679,938
11,224,044
Food
Products
0.3%
Hershey
Co.
(The)
,
Senior
Note
,
4.25
%
,
5/04/28
..............
United
States
2,800,000
2,773,002
e
JBS
USA
LUX
SA
/
JBS
USA
Food
Co.
/
JBS
USA
Finance,
Inc.
,
Senior
Note
,
144A,
2.5
%
,
1/15/27
.......................
United
States
3,700,000
3,327,225
6,100,227
Health
Care
Equipment
&
Supplies
0.4%
Edwards
Lifesciences
Corp.
,
Senior
Bond
,
4.3
%
,
6/15/28
.......
United
States
300,000
291,048
GE
HealthCare
Technologies,
Inc.
,
WI,
Senior
Note,
5.55%,
11/15/24
.......................
United
States
2,800,000
2,797,840
WI,
Senior
Note,
5.65%,
11/15/27
.......................
United
States
5,000,000
5,099,874
8,188,762
Health
Care
Providers
&
Services
1.0%
Centene
Corp.
,
Senior
Note
,
3.375
%
,
2/15/30
................
United
States
2,700,000
2,325,934
Cigna
Group
(The)
,
Senior
Note
,
1.25
%
,
3/15/26
..............
United
States
8,300,000
7,495,537
CVS
Health
Corp.
,
Senior
Note
,
5
%
,
1/30/29
.................
United
States
4,700,000
4,681,090
Elevance
Health,
Inc.
,
Senior
Bond
,
4.101
%
,
3/01/28
...........
United
States
4,000,000
3,849,133
Providence
St
Joseph
Health
Obligated
Group
,
H
,
2.746
%
,
10/01/26
United
States
15,000
13,733
Quest
Diagnostics,
Inc.
,
Senior
Bond
,
3.45
%
,
6/01/26
..........
United
States
4,150,000
3,974,548
22,339,975
Health
Care
REITs
0.3%
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp.
,
Senior
Bond
,
5
%
,
10/15/27
.......................................
United
States
6,900,000
6,055,323
Hotels,
Restaurants
&
Leisure
0.2%
Sands
China
Ltd.
,
Senior
Note
,
2.8
%
,
3/08/27
................
Macau
3,400,000
3,002,449
e
Studio
City
Finance
Ltd.
,
Senior
Note
,
144A,
6
%
,
7/15/25
.......
Macau
2,700,000
2,557,359
5,559,808
Industrial
REITs
0.3%
Prologis
LP
,
Senior
Note
,
4.875
%
,
6/15/28
...................
United
States
7,800,000
7,765,959
Insurance
2.1%
e
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
,
Senior
Secured
Note
,
144A,
6.75
%
,
4/15/28
.....................
United
States
2,000,000
1,991,742
e
GA
Global
Funding
Trust
,
Secured
Note
,
144A,
3.85
%
,
4/11/25
...
United
States
11,300,000
10,849,249
e
Metropolitan
Life
Global
Funding
I
,
Secured
Note,
144A,
4.05%,
8/25/25
.....................
United
States
7,000,000
6,782,378
Secured
Note,
144A,
5.05%,
1/06/28
.....................
United
States
4,100,000
4,080,111
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
29
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Insurance
(continued)
e
New
York
Life
Global
Funding
,
Secured
Note
,
144A,
3.6
%
,
8/05/25
United
States
10,700,000
$
10,348,577
e
Northwestern
Mutual
Global
Funding
,
Secured
Note
,
144A,
4.9
%
,
6/12/28
...........................................
United
States
5,000,000
4,956,400
e
Pricoa
Global
Funding
I
,
Secured
Note
,
144A,
5.1
%
,
5/30/28
.....
United
States
5,300,000
5,284,451
e
Protective
Life
Global
Funding
,
Secured
Note
,
144A,
3.218
%
,
3/28/25
...........................................
United
States
4,000,000
3,826,992
48,119,900
Interactive
Media
&
Services
0.5%
Meta
Platforms,
Inc.
,
Senior
Note
,
4.6
%
,
5/15/28
..............
United
States
9,800,000
9,773,105
e
Tencent
Holdings
Ltd.
,
Senior
Note
,
144A,
1.81
%
,
1/26/26
.......
China
3,000,000
2,743,821
12,516,926
Life
Sciences
Tools
&
Services
0.2%
Bio-Rad
Laboratories,
Inc.
,
Senior
Note
,
3.3
%
,
3/15/27
.........
United
States
900,000
844,095
Illumina,
Inc.
,
Senior
Note
,
5.8
%
,
12/12/25
..................
United
States
4,000,000
4,016,909
4,861,004
Machinery
0.2%
Parker-Hannifin
Corp.
,
Senior
Note
,
3.65
%
,
6/15/24
...........
United
States
4,700,000
4,617,420
Media
0.8%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
,
Senior
Secured
Note
,
4.908
%
,
7/23/25
.....
United
States
8,000,000
7,862,864
Comcast
Corp.
,
Senior
Note
,
4.55
%
,
1/15/29
.................
United
States
6,400,000
6,307,282
e
DISH
DBS
Corp.
,
Senior
Secured
Note
,
144A,
5.25
%
,
12/01/26
...
United
States
2,600,000
2,134,288
Fox
Corp.
,
Senior
Note
,
3.05
%
,
4/07/25
.....................
United
States
2,000,000
1,927,350
18,231,784
Metals
&
Mining
0.0%
†
e
Novelis
Corp.
,
Senior
Note
,
144A,
3.25
%
,
11/15/26
............
United
States
1,000,000
909,973
Multi-Utilities
0.3%
Dominion
Energy,
Inc.
,
D
,
Senior
Bond
,
2.85
%
,
8/15/26
.........
United
States
1,300,000
1,206,633
DTE
Energy
Co.
,
Senior
Note
,
4.875
%
,
6/01/28
...............
United
States
5,000,000
4,942,051
6,148,684
Oil,
Gas
&
Consumable
Fuels
1.9%
e
Aker
BP
ASA
,
Senior
Note
,
144A,
2
%
,
7/15/26
...............
Norway
3,296,000
2,959,510
BP
Capital
Markets
America,
Inc.
,
Senior
Note
,
3.41
%
,
2/11/26
...
United
States
7,000,000
6,758,520
Cheniere
Corpus
Christi
Holdings
LLC
,
Senior
Secured
Note
,
5.875
%
,
3/31/25
.....................................
United
States
5,800,000
5,801,352
Chevron
Corp.
,
Senior
Note
,
1.554
%
,
5/11/25
................
United
States
4,500,000
4,230,504
e
Endeavor
Energy
Resources
LP
/
EER
Finance,
Inc.
,
Senior
Bond
,
144A,
5.75
%
,
1/30/28
.................................
United
States
2,000,000
1,949,200
Energy
Transfer
LP
,
Senior
Bond
,
4.75
%
,
1/15/26
.............
United
States
5,200,000
5,106,304
EnLink
Midstream
Partners
LP
,
Senior
Bond
,
4.85
%
,
7/15/26
.....
United
States
3,900,000
3,793,588
MPLX
LP
,
Senior
Note
,
4.875
%
,
12/01/24
...................
United
States
6,800,000
6,716,033
Sabine
Pass
Liquefaction
LLC
,
Senior
Secured
Note,
5.75%,
5/15/24
....................
United
States
400,000
399,326
Senior
Secured
Note,
5.625%,
3/01/25
...................
United
States
2,000,000
1,995,368
e
Venture
Global
LNG,
Inc.
,
Senior
Secured
Note
,
144A,
8.125
%
,
6/01/28
...........................................
United
States
2,000,000
2,034,632
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
30
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Oil,
Gas
&
Consumable
Fuels
(continued)
Williams
Cos.,
Inc.
(The)
,
Senior
Bond
,
4
%
,
9/15/25
...........
United
States
2,300,000
$
2,227,138
43,971,475
Passenger
Airlines
0.2%
e
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd.
,
Senior
Secured
Note
,
144A,
5.5
%
,
4/20/26
.............................
United
States
1,191,667
1,174,968
e
Delta
Air
Lines,
Inc.
/
SkyMiles
IP
Ltd.
,
Senior
Secured
Note
,
144A,
4.5
%
,
10/20/25
.....................................
United
States
3,454,000
3,386,528
e
United
Airlines,
Inc.
,
Senior
Secured
Note
,
144A,
4.375
%
,
4/15/26
.
United
States
300,000
284,357
4,845,853
Personal
Care
Products
0.8%
Estee
Lauder
Cos.,
Inc.
(The)
,
Senior
Note
,
4.375
%
,
5/15/28
.....
United
States
3,100,000
3,051,013
Haleon
US
Capital
LLC
,
Senior
Note
,
3.375
%
,
3/24/27
.........
United
States
7,700,000
7,250,773
e
Kenvue,
Inc.
,
Senior
Note
,
144A,
5.05
%
,
3/22/28
..............
United
States
7,500,000
7,569,559
e
Oriflame
Investment
Holding
plc
,
Senior
Secured
Note
,
144A,
5.125
%
,
5/04/26
.....................................
Switzerland
240,000
87,206
17,958,551
Pharmaceuticals
1.3%
AstraZeneca
plc
,
Senior
Note
,
0.7
%
,
4/08/26
.................
United
Kingdom
6,300,000
5,642,353
e
Bayer
US
Finance
II
LLC
,
Senior
Note,
144A,
3.875%,
12/15/23
....................
Germany
5,800,000
5,761,796
Senior
Note,
144A,
4.25%,
12/15/25
.....................
Germany
4,600,000
4,464,131
Bristol-Myers
Squibb
Co.
,
Senior
Note
,
2.9
%
,
7/26/24
..........
United
States
2,551,000
2,489,717
Pfizer
Investment
Enterprises
Pte.
Ltd.
,
Senior
Note
,
4.45
%
,
5/19/28
United
States
8,800,000
8,653,776
Royalty
Pharma
plc
,
Senior
Note
,
1.75
%
,
9/02/27
.............
United
States
700,000
608,818
Teva
Pharmaceutical
Finance
Netherlands
III
BV
,
Senior
Note
,
4.75
%
,
5/09/27
.....................................
Israel
2,200,000
2,053,518
29,674,109
Real
Estate
Management
&
Development
0.0%
†
e
Vivion
Investments
SARL
,
Senior
Note
,
Reg
S,
3
%
,
8/08/24
.....
Luxembourg
700,000
EUR
650,644
Semiconductors
&
Semiconductor
Equipment
0.4%
e
Analog
Devices,
Inc.
,
Senior
Note
,
144A,
3.45
%
,
6/15/27
.......
United
States
800,000
759,484
e
SK
Hynix,
Inc.
,
Senior
Note
,
144A,
1.5
%
,
1/19/26
.............
South
Korea
9,900,000
8,862,267
9,621,751
Specialized
REITs
0.1%
Public
Storage
,
Senior
Note
,
5.125
%
,
1/15/29
................
United
States
1,300,000
1,307,784
Specialty
Retail
0.1%
Advance
Auto
Parts,
Inc.
,
Senior
Note,
5.9%,
3/09/26
............................
United
States
600,000
599,027
Senior
Note,
5.95%,
3/09/28
...........................
United
States
500,000
498,135
e,f,h
Party
City
Holdings,
Inc.
,
Senior
Secured
Note
,
144A,
FRN
,
10.821
%
,
(
6-month
USD
LIBOR
+
5
%
),
7/15/25
.............
United
States
565,890
83,469
1,180,631
Technology
Hardware,
Storage
&
Peripherals
0.2%
Hewlett
Packard
Enterprise
Co.
,
Senior
Note
,
5.9
%
,
10/01/24
....
United
States
5,690,000
5,696,600
Tobacco
0.8%
Altria
Group,
Inc.
,
Senior
Note
,
2.35
%
,
5/06/25
...............
United
States
4,200,000
3,967,911
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
31
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Tobacco
(continued)
e
Imperial
Brands
Finance
plc
,
Senior
Bond,
144A,
4.25%,
7/21/25
......................
United
Kingdom
5,495,000
$
5,303,359
Senior
Note,
144A,
3.125%,
7/26/24
.....................
United
Kingdom
700,000
679,491
Philip
Morris
International,
Inc.
,
Senior
Note
,
4.875
%
,
2/15/28
....
United
States
7,700,000
7,626,735
17,577,496
Wireless
Telecommunication
Services
0.3%
e
Sprint
Spectrum
Co.
LLC
/
Sprint
Spectrum
Co.
II
LLC
/
Sprint
Spectrum
Co.
III
LLC
,
Senior
Secured
Note
,
144A,
4.738
%
,
3/20/25
...........................................
United
States
350,000
346,208
T-Mobile
USA,
Inc.
,
Senior
Note,
2.25%,
2/15/26
...........................
United
States
2,900,000
2,682,341
Senior
Note,
4.95%,
3/15/28
...........................
United
States
4,200,000
4,150,529
7,179,078
Total
Corporate
Bonds
(Cost
$753,632,908)
.....................................
716,481,004
i
Marketplace
Loans
2.6%
a
Financial
Services
2.6%
a
a
a
a
a
a
Total
Marketplace
Loans
(Cost
$67,558,997)
....................................
61,083,084
Foreign
Government
and
Agency
Securities
2.2%
e
Banque
Ouest
Africaine
de
Developpement
,
Senior
Bond
,
144A,
5
%
,
7/27/27
...........................................
Supranational
j
3,900,000
3,604,458
Colombia
Government
Bond
,
Senior
Bond
,
8.125
%
,
5/21/24
.....
Colombia
5,300,000
5,388,920
e
Comision
Federal
de
Electricidad
,
Senior
Bond
,
144A,
4.75
%
,
2/23/27
...........................................
Mexico
6,300,000
6,055,717
e
Electricite
de
France
SA
,
Senior
Note
,
144A,
5.7
%
,
5/23/28
......
France
1,000,000
1,007,473
Equinor
ASA
,
Senior
Note,
2.875%,
4/06/25
...........................
Norway
15,300,000
14,749,221
Senior
Note,
1.75%,
1/22/26
...........................
Norway
5,400,000
4,997,004
Export-Import
Bank
of
Korea
,
Senior
Bond
,
2.875
%
,
1/21/25
.....
South
Korea
2,000,000
1,928,760
e
Korea
Electric
Power
Corp.
,
Senior
Note
,
144A,
5.375
%
,
4/06/26
.
South
Korea
2,800,000
2,795,288
Peru
Government
Bond
,
Senior
Bond
,
2.783
%
,
1/23/31
.........
Peru
800,000
681,270
Petroleos
Mexicanos
,
Senior
Note
,
6.875
%
,
10/16/25
..........
Mexico
990,000
954,666
Philippines
Government
Bond
,
Senior
Bond
,
4.2
%
,
1/21/24
......
Philippines
1,600,000
1,588,504
e
Romania
Government
Bond
,
Senior
Bond
,
144A,
4.875
%
,
1/22/24
.
Romania
6,500,000
6,474,046
Total
Foreign
Government
and
Agency
Securities
(Cost
$53,083,916)
..............
50,225,327
U.S.
Government
and
Agency
Securities
31.8%
U.S.
Treasury
Notes
,
0.125%,
10/15/23
....................................
United
States
50,000,000
49,469,252
0.375%,
8/15/24
.....................................
United
States
205,000,000
194,727,807
0.625%,
10/15/24
....................................
United
States
210,000,000
198,626,366
1%,
12/15/24
.......................................
United
States
94,000,000
88,789,609
0.25%,
5/31/25
.....................................
United
States
87,000,000
79,871,778
4.625%,
6/30/25
.....................................
United
States
100,000,000
99,453,125
k
Index
Linked,
0.125%,
4/15/26
..........................
United
States
23,400,000
25,508,768
Total
U.S.
Government
and
Agency
Securities
(Cost
$740,816,273)
................
736,446,705
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
32
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
15.8%
Banks
0.7%
Capital
One
Multi-Asset
Execution
Trust
,
2022-A2
,
A
,
3.49
%
,
5/15/27
.
...........................................
United
States
9,780,000
$
9,472,277
Chase
Issuance
Trust
,
2022-A1
,
A
,
3.97
%
,
9/15/27
.
............
United
States
6,794,000
6,624,726
16,097,003
a
a
a
a
a
a
Consumer
Finance
1.6%
American
Express
Credit
Account
Master
Trust
,
2022-3
,
A
,
3.75
%
,
8/15/27
.
...........................................
United
States
18,235,000
17,723,796
Discover
Card
Execution
Note
Trust
,
2022-A3
,
A3
,
3.56
%
,
7/15/27
.
United
States
18,930,000
18,333,281
36,057,077
a
a
a
a
a
a
Financial
Services
13.5%
e
American
Homes
4
Rent
Trust
,
2014-SFR3,
A,
144A,
3.678%,
12/17/36
...................
United
States
679,549
657,325
2015-SFR1,
A,
144A,
3.467%,
4/17/52
....................
United
States
5,180,657
4,971,392
e,l
Apidos
CLO
XXXV
,
2021-35A
,
A
,
144A,
FRN
,
6.638
%
,
(
3-month
SOFR
+
1.312
%
),
4/20/34
.
.............................
United
States
19,306,000
19,127,686
BA
Credit
Card
Trust
,
2022-A1
,
A1
,
3.53
%
,
11/15/27
.
...........
United
States
3,870,000
3,751,603
e,l
Bain
Capital
Credit
CLO
Ltd.
,
2018-1A
,
A1
,
144A,
FRN
,
6.567
%
,
(
3-month
USD
LIBOR
+
0.96
%
),
4/23/31
.
..................
United
States
1,986,875
1,975,041
e,l
BlueMountain
CLO
XXXI
Ltd.
,
2021-31A
,
A1
,
144A,
FRN
,
6.732
%
,
(
3-month
SOFR
+
1.412
%
),
4/19/34
.
.....................
United
States
3,130,000
3,095,804
e,l
Carlyle
Direct
Lending
CLO
LLC
,
2015-1A
,
A2R
,
144A,
FRN
,
7.77
%
,
(
3-month
SOFR
+
2.462
%
),
10/15/31
.
....................
United
States
7,300,000
6,959,670
e,l
Carlyle
Global
Market
Strategies
CLO
Ltd.
,
2016-1A
,
A1R2
,
144A,
FRN
,
6.728
%
,
(
3-month
USD
LIBOR
+
1.14
%
),
4/20/34
.
.......
United
States
2,000,000
1,985,000
e,l
Carlyle
US
CLO
Ltd.
,
2021-1A,
A1,
144A,
FRN,
6.71%,
(3-month
USD
LIBOR
+
1.14%),
4/15/34
...........................................
United
States
17,876,000
17,870,919
2021-6A,
A1,
144A,
FRN,
6.73%,
(3-month
SOFR
+
1.422%),
7/15/34
...........................................
United
States
7,750,000
7,662,959
e
CF
Hippolyta
Issuer
LLC
,
2020-1
,
A1
,
144A,
1.69
%
,
7/15/60
.
.....
United
States
3,291,994
2,968,209
m
Conseco
Finance
Securitizations
Corp.
,
2002-2
,
M1
,
FRN
,
7.424
%
,
3/01/33
.
...........................................
United
States
86,357
86,464
e,m
Consumer
Loan
Underlying
Bond
Certificate
Issuer
Trust
I
,
2018-29,
PT,
144A,
FRN,
5.222%,
12/15/43
................
United
States
8,111
7,438
2019-26,
PT,
144A,
FRN,
17.76%,
8/15/44
.................
United
States
134,406
126,605
2019-31,
PT,
144A,
FRN,
16.736%,
9/15/44
................
United
States
111,482
103,354
2019-37,
PT,
144A,
FRN,
17.615%,
10/17/44
...............
United
States
126,782
120,281
2019-42,
PT,
144A,
FRN,
17.028%,
11/15/44
...............
United
States
115,069
107,958
2019-51,
PT,
144A,
FRN,
16.266%,
1/15/45
................
United
States
297,091
279,438
2019-52,
PT,
144A,
FRN,
14.111%,
1/15/45
................
United
States
395,558
372,892
2019-S1,
PT,
144A,
FRN,
11.025%,
4/15/44
................
United
States
25,933
24,875
2019-S2,
PT,
144A,
FRN,
10.27%,
5/16/44
.................
United
States
30,851
28,278
2019-S3,
PT,
144A,
FRN,
10.792%,
6/15/44
................
United
States
25,875
24,059
2019-S4,
PT,
144A,
FRN,
12.225%,
8/15/44
................
United
States
73,510
70,391
2019-S5,
PT,
144A,
FRN,
12.001%,
9/15/44
................
United
States
72,997
68,395
2019-S6,
PT,
144A,
FRN,
10.305%,
10/17/44
...............
United
States
91,421
84,882
2019-S7,
PT,
144A,
FRN,
11.761%,
12/15/44
...............
United
States
139,366
129,237
2019-S8,
PT,
144A,
FRN,
9.234%,
1/15/45
.................
United
States
161,985
150,211
2020-2,
PT,
144A,
FRN,
14.166%,
3/15/45
.................
United
States
357,046
335,797
2020-7,
PT,
144A,
FRN,
16.794%,
4/17/45
.................
United
States
201,237
186,088
e,l
Cook
Park
CLO
Ltd.
,
2018-1A
,
A2
,
144A,
FRN
,
6.69
%
,
(
3-month
SOFR
+
1.382
%
),
4/17/30
.
.............................
United
States
1,000,000
979,003
l
Countrywide
Asset-Backed
Certificates
Trust
,
2002-3
,
1A1
,
FRN
,
6.152
%
,
(
1-month
SOFR
+
0.854
%
),
5/25/32
.
...............
United
States
365
363
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
33
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
(continued)
Financial
Services
(continued)
l
CWABS,
Inc.
,
2004-1
,
M1
,
FRN
,
6.162
%
,
(
1-month
SOFR
+
0.864
%
),
3/25/34
.
...................................
United
States
26,139
$
25,485
e,l
Dryden
44
Euro
CLO
DAC
,
2015-44A
,
A1RR
,
144A,
FRN
,
4.543
%
,
(
3-month
EURIBOR
+
0.88
%
),
4/15/34
.
...................
Ireland
20,020,000
EUR
21,474,648
e,l
Dryden
85
CLO
Ltd.
,
2020-85A
,
AR
,
144A,
FRN
,
6.72
%
,
(
3-month
SOFR
+
1.412
%
),
10/15/35
.
............................
United
States
2,110,000
2,093,120
e,l
Ellington
CLO
III
Ltd.
,
2018-3A
,
A1
,
144A,
FRN
,
7.238
%
,
(
3-month
SOFR
+
1.912
%
),
7/20/30
.
.............................
United
States
2,980,630
2,970,480
e
FirstKey
Homes
Trust
,
2020-SFR2
,
A
,
144A,
1.266
%
,
10/19/37
.
...
United
States
4,164,165
3,763,651
e,l
Galaxy
XXVII
CLO
Ltd.
,
2018-27A
,
A
,
144A,
FRN
,
6.338
%
,
(
3-month
USD
LIBOR
+
1.02
%
),
5/16/31
.
.........................
United
States
1,500,000
1,486,349
e,l
GoldenTree
Loan
Management
US
CLO
1
Ltd.
,
2021-9A
,
A
,
144A,
FRN
,
6.658
%
,
(
3-month
SOFR
+
1.332
%
),
1/20/33
.
..........
United
States
15,731,000
15,632,892
e,l
Holland
Park
CLO
DAC
,
1A
,
A1RR
,
144A,
FRN
,
4.243
%
,
(
3-month
EURIBOR
+
0.92
%
),
11/14/32
.
..........................
Ireland
5,046,000
EUR
5,432,196
e
Home
Partners
of
America
Trust
,
2021-3
,
B
,
144A,
2.649
%
,
1/17/41
.
United
States
1,384,157
1,190,148
e,l
Madison
Park
Euro
Funding
VIII
DAC
,
8A
,
ARR
,
144A,
FRN
,
4.483
%
,
(
3-month
EURIBOR
+
0.82
%
),
4/15/32
.
.............
Ireland
6,271,500
EUR
6,733,553
e,l
Madison
Park
Funding
L
Ltd.
,
2021-50A
,
A
,
144A,
FRN
,
6.722
%
,
(
3-month
SOFR
+
1.402
%
),
4/19/34
.
.....................
United
States
8,850,000
8,798,939
e,l
Magnetite
XXIX
Ltd.
,
2021-29A
,
A
,
144A,
FRN
,
6.56
%
,
(
3-month
SOFR
+
1.252
%
),
1/15/34
.
.............................
United
States
21,809,000
21,702,711
e,l
Magnetite
XXVI
Ltd.
,
2020-26A
,
A1R
,
144A,
FRN
,
6.733
%
,
(
3-month
SOFR
+
1.382
%
),
7/25/34
.
.............................
United
States
20,000,000
19,861,009
e,l
Neuberger
Berman
CLO
XVIII
Ltd.
,
2014-18A
,
A1BR
,
144A,
FRN
,
6.995
%
,
(
3-month
SOFR
+
1.662
%
),
10/21/30
.
..............
United
States
2,295,000
2,266,328
e,l
Neuberger
Berman
CLO
XVI-S
Ltd.
,
2017-16SA
,
AR
,
144A,
FRN
,
6.61
%
,
(
3-month
SOFR
+
1.302
%
),
4/15/34
.
................
United
States
15,000,000
14,867,684
e
New
Economy
Assets
Phase
1
Sponsor
LLC
,
2021-1
,
A1
,
144A,
1.91
%
,
10/20/61
.
....................................
United
States
13,870,000
11,913,809
e,l
Octagon
56
Ltd.
,
2021-1A
,
A
,
144A,
FRN
,
6.73
%
,
(
3-month
SOFR
+
1.422
%
),
10/15/34
.
...................................
United
States
15,000,000
14,862,202
e,l
Octagon
Investment
Partners
18-R
Ltd.
,
2018-18A
,
A1A
,
144A,
FRN
,
6.53
%
,
(
3-month
SOFR
+
1.222
%
),
4/16/31
.
................
United
States
1,000,000
997,863
e,l
Octagon
Investment
Partners
35
Ltd.
,
2018-1A
,
A1B
,
144A,
FRN
,
6.688
%
,
(
3-month
SOFR
+
1.362
%
),
1/20/31
.
...............
United
States
2,000,000
1,960,137
e,l
Octagon
Investment
Partners
46
Ltd.
,
2020-2A
,
AR
,
144A,
FRN
,
6.73
%
,
(
3-month
SOFR
+
1.422
%
),
7/15/36
.
................
United
States
17,400,000
17,251,104
e,l
OHA
Credit
Funding
3
Ltd.
,
2019-3A
,
AR
,
144A,
FRN
,
6.728
%
,
(
3-month
SOFR
+
1.402
%
),
7/02/35
.
.....................
United
States
9,500,000
9,460,420
e,l
OHA
Credit
Partners
VII
Ltd.
,
2012-7A
,
AR3
,
144A,
FRN
,
6.449
%
,
(
3-month
USD
LIBOR
+
1.07
%
),
2/20/34
.
..................
United
States
17,876,000
17,591,033
e,l
OHA
Credit
Partners
XIII
Ltd.
,
2016-13A
,
AR
,
144A,
FRN
,
6.765
%
,
(
3-month
SOFR
+
1.432
%
),
10/25/34
.
....................
United
States
5,800,000
5,775,964
e,l
Palmer
Square
CLO
Ltd.
,
2021-2A
,
A
,
144A,
FRN
,
6.72
%
,
(
3-month
SOFR
+
1.412
%
),
7/15/34
.
.............................
United
States
3,863,000
3,831,130
e,m
Prosper
Pass-Thru
Trust
III
,
2020-PT1,
A,
144A,
FRN,
13.669%,
3/15/26
................
United
States
184,262
178,447
2020-PT2,
A,
144A,
FRN,
12.135%,
4/15/26
................
United
States
228,124
217,344
2020-PT3,
A,
144A,
FRN,
8.951%,
5/15/26
.................
United
States
85,367
78,905
l
RAAC
Trust
,
2004-SP1
,
AII
,
FRN
,
6.112
%
,
(
1-month
SOFR
+
0.814
%
),
3/25/34
.
...................................
United
States
68,468
67,230
e,l
RR
14
Ltd.
,
2021-14A
,
A1
,
144A,
FRN
,
6.69
%
,
(
3-month
SOFR
+
1.382
%
),
4/15/36
.
...................................
United
States
23,418,000
23,224,988
e,m
Upgrade
Master
Pass-Thru
Trust
,
2019-PT1,
A,
144A,
FRN,
8.903%,
6/15/25
.................
United
States
27,786
25,060
2019-PT2,
A,
144A,
FRN,
14.841%,
2/15/26
................
United
States
194,471
190,538
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
34
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
(continued)
Financial
Services
(continued)
e,l
Voya
CLO
Ltd.
,
2018-2A
,
A2
,
144A,
FRN
,
6.82
%
,
(
3-month
SOFR
+
1.512
%
),
7/15/31
.
...................................
United
States
2,500,000
$
2,452,147
312,689,131
a
a
a
a
a
a
Passenger
Airlines
0.0%
†
American
Airlines
Pass-Through
Trust
,
2016-2
,
AA
,
3.2
%
,
6/15/28
.
United
States
34,850
31,430
United
Airlines
Pass-Through
Trust
,
2020-1
,
B
,
4.875
%
,
7/15/27
.
..
United
States
290,925
281,048
312,478
a
a
a
a
a
a
Total
Asset-Backed
Securities
(Cost
$373,433,412)
..............................
365,155,689
Commercial
Mortgage-Backed
Securities
1.8%
Financial
Services
1.8%
Banc
of
America
Commercial
Mortgage
Trust
,
2015-UBS7
,
A4
,
3.705
%
,
9/15/48
.....................................
United
States
100,000
94,864
e,l
BX
Commercial
Mortgage
Trust
,
2021-VOLT
,
A
,
144A,
FRN
,
6.036
%
,
(
1-month
SOFR
+
0.814
%
),
9/15/36
......................
United
States
5,430,000
5,293,187
e,l
BX
Mortgage
Trust
,
2021-PAC
,
A
,
144A,
FRN
,
6.026
%
,
(
1-month
SOFR
+
0.804
%
),
10/15/36
............................
United
States
7,517,000
7,346,651
e,l
BX
Trust
,
2022-IND
,
A
,
144A,
FRN
,
6.713
%
,
(
1-month
SOFR
+
1.491
%
),
4/15/37
....................................
United
States
7,828,852
7,747,586
e
BXP
Trust
,
2017-GM
,
A
,
144A,
3.379
%
,
6/13/39
..............
United
States
2,000,000
1,803,347
m
Commercial
Mortgage
Trust
,
2006-GG7
,
AJ
,
FRN
,
6.012
%
,
7/10/38
United
States
836,002
447,261
e,l
DBCG
Mortgage
Trust
,
2017-BBG
,
A
,
144A,
FRN
,
6.036
%
,
(
1-month
USD
LIBOR
+
0.7
%
),
6/15/34
...........................
United
States
9,145,000
9,033,225
e,m
Eleven
Madison
Mortgage
Trust
,
2015-11MD
,
A
,
144A,
FRN
,
3.555
%
,
9/10/35
.....................................
United
States
2,005,000
1,784,134
e,l
GS
Mortgage
Securities
Corp.
Trust
,
2022-SHIP
,
A
,
144A,
FRN
,
5.953
%
,
(
1-month
SOFR
+
0.731
%
),
8/15/36
...............
United
States
1,850,000
1,842,023
GS
Mortgage
Securities
Trust
,
2016-GS3,
A4,
2.85%,
10/10/49
.........................
United
States
600,000
546,539
2017-GS6,
A3,
3.433%,
5/10/50
.........................
United
States
2,000,000
1,836,580
JPMBB
Commercial
Mortgage
Securities
Trust
,
2015-C30,
A5,
3.822%,
7/15/48
.........................
United
States
1,500,000
1,418,651
2016-C1,
A5,
3.576%,
3/17/49
..........................
United
States
1,500,000
1,411,000
40,605,048
a
a
a
a
a
a
Total
Commercial
Mortgage-Backed
Securities
(Cost
$41,854,126)
................
40,605,048
Mortgage-Backed
Securities
1.2%
n
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Adjustable
Rate
0.0%
†
FHLMC,
4.229%
-
4.92%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
10/01/36
-
6/01/37
...................................
United
States
571,773
573,577
573,577
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Fixed
Rate
1.0%
FHLMC
Gold
Pool,
15
Year,
5%,
10/01/23
...................
United
States
426
424
FHLMC
Gold
Pool,
30
Year,
5%,
1/01/39
....................
United
States
45,495
45,758
FHLMC
Pool,
15
Year,
3%,
10/01/37
.......................
United
States
11,874,516
11,060,137
FHLMC
Pool,
15
Year,
3.5%,
10/01/37
......................
United
States
12,560,674
11,929,963
23,036,282
n
Federal
National
Mortgage
Association
(FNMA)
Adjustable
Rate
0.2%
FNMA,
2.462%
-
5.343%,
(3-year
CMT
T-Note
+/-
MBS
Margin),
2/01/26
-
6/01/34
....................................
United
States
19,250
18,779
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
35
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Mortgage-Backed
Securities
(continued)
n
Federal
National
Mortgage
Association
(FNMA)
Adjustable
Rate
(continued)
FNMA,
5.375%,
(6-month
H15BDI
+/-
MBS
Margin),
8/01/32
.....
United
States
18,003
$
17,625
FNMA,
5.434%,
(5-year
CMT
T-Note
+/-
MBS
Margin),
2/01/30
...
United
States
17,417
17,363
FNMA,
3.781%
-
5.6%,
(COFI
11th
District
+/-
MBS
Margin),
12/01/25
-
12/01/36
..................................
United
States
36,587
35,608
FNMA,
3.205%
-
6.222%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
11/01/32
-
2/01/44
...................................
United
States
3,444,574
3,437,908
FNMA,
3.645%
-
6.315%,
(1-year
CMT
T-Note
+/-
MBS
Margin),
3/01/24
-
4/01/40
....................................
United
States
720,544
710,808
FNMA,
6.205%
-
6.35%,
(1-month
USD
LIBOR
+/-
MBS
Margin),
4/01/28
-
7/01/34
....................................
United
States
38,771
38,748
FNMA,
5.413%
-
6.69%,
(12-month
average
of
1-year
CMT
+/-
MBS
Margin),
11/01/30
-
10/01/44
...........................
United
States
151,913
149,429
FNMA,
3.675%
-
6.975%,
(6-month
USD
LIBOR
+/-
MBS
Margin),
1/01/25
-
8/01/37
....................................
United
States
400,777
393,453
4,819,721
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
0.0%
†
FNMA,
15
Year,
3.5%,
10/01/25
...........................
United
States
117,068
114,599
FNMA,
15
Year,
4%,
12/01/25
............................
United
States
145,412
141,725
FNMA,
15
Year,
4.5%,
1/01/24
-
6/01/25
....................
United
States
39,895
39,332
FNMA,
30
Year,
5%,
3/01/38
.............................
United
States
6,289
6,318
301,974
n
Government
National
Mortgage
Association
(GNMA)
Adjustable
Rate
0.0%
†
GNMA
II,
2.625%
-
3.875%,
(1-year
CMT
T-Note
+/-
MBS
Margin),
4/20/26
-
9/20/26
....................................
United
States
4,434
4,323
4,323
Total
Mortgage-Backed
Securities
(Cost
$29,037,463)
............................
28,735,877
Municipal
Bonds
1.0%
California
0.2%
Golden
State
Tobacco
Securitization
Corp.
,
Revenue
,
2021
B-1
,
Refunding
,
3.85
%
,
6/01/50
.............................
United
States
5,795,000
5,199,359
San
Jose
Redevelopment
Agency
Successor
Agency
,
Tax
Allocation,
Senior
Lien
,
2017
A-T
,
Refunding
,
3.226
%
,
8/01/27
..........
United
States
190,000
178,345
5,377,704
Hawaii
0.1%
City
&
County
Honolulu
,
Wastewater
System
,
Revenue
,
2019
B
,
Refunding
,
2.233
%
,
7/01/24
............................
United
States
2,470,000
2,399,892
Massachusetts
0.1%
Massachusetts
State
College
Building
Authority
,
Revenue
,
2019
C
,
Refunding
,
2.256
%
,
5/01/26
............................
United
States
2,635,000
2,440,026
New
York
0.4%
New
York
State
Urban
Development
Corp.
,
State
of
New
York
Sales
Tax
,
Revenue
,
2019
B
,
Refunding
,
2.25
%
,
3/15/26
...........
United
States
8,750,000
8,134,729
Texas
0.2%
Texas
State
University
System
,
Revenue
,
2019
B
,
Refunding
,
2.351
%
,
3/15/26
.....................................
United
States
4,825,000
4,498,637
Total
Municipal
Bonds
(Cost
$24,391,498)
......................................
22,850,988
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
36
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Residential
Mortgage-Backed
Securities
4.1%
Capital
Markets
0.0%
†
l
Merrill
Lynch
Mortgage
Investors
Trust
,
2003-A,
1A,
FRN,
6.152%,
(1-month
SOFR
+
0.854%),
3/25/28
.
United
States
57,070
$
53,425
2003-E,
A1,
FRN,
6.032%,
(1-month
SOFR
+
0.734%),
10/25/28
United
States
146,671
136,823
190,248
a
a
a
a
a
a
Financial
Services
4.1%
l
American
Home
Mortgage
Investment
Trust
,
2005-1
,
6A
,
FRN
,
7.683
%
,
(
6-month
USD
LIBOR
+
2
%
),
6/25/45
..............
United
States
151,772
150,994
e,m
BRAVO
Residential
Funding
Trust
,
2019-2
,
A3
,
144A,
FRN
,
3.5
%
,
10/25/44
..........................................
United
States
3,161,385
2,968,167
m
CHL
Mortgage
Pass-Through
Trust
,
2004-11
,
2A1
,
FRN
,
4.538
%
,
7/25/34
...........................................
United
States
552,249
519,356
e,m
CIM
Trust
,
2019-INV1
,
A1
,
144A,
FRN
,
4
%
,
2/25/49
...........
United
States
90,518
85,048
e,m
COLT
Mortgage
Loan
Trust
,
2022-4
,
A1
,
144A,
FRN
,
4.301
%
,
3/25/67
...........................................
United
States
2,890,682
2,760,743
Credit
Suisse
First
Boston
Mortgage
Securities
Corp.
,
2004-6
,
3A1
,
5
%
,
1/25/38
........................................
Switzerland
103,382
62,196
e,m
CSMC
Trust
,
2014-IVR3
,
A1
,
144A,
FRN
,
3.5
%
,
7/25/44
........
United
States
334,282
305,101
l
FHLMC
STACR
Debt
Notes
,
2014-DN3,
M3,
FRN,
9.183%,
(30-day
SOFR
Average
+
4.114%),
8/25/24
...........................................
United
States
652,940
660,181
2014-DN4,
M3,
FRN,
9.733%,
(30-day
SOFR
Average
+
4.664%),
10/25/24
..........................................
United
States
1,155,885
1,171,617
2014-HQ2,
M3,
FRN,
8.933%,
(30-day
SOFR
Average
+
3.864%),
9/25/24
...........................................
United
States
5,117,076
5,230,096
2016-DNA2,
M3,
FRN,
9.833%,
(30-day
SOFR
Average
+
4.764%),
10/25/28
...................................
United
States
5,785,137
6,062,281
2016-HQA2,
M3,
FRN,
10.333%,
(30-day
SOFR
Average
+
5.264%),
11/25/28
...................................
United
States
4,305,245
4,586,426
l
FNMA
Connecticut
Avenue
Securities
,
2013-C01,
M2,
FRN,
10.433%,
(30-day
SOFR
Average
+
5.364%),
10/25/23
..........................................
United
States
3,456,804
3,490,511
2014-C01,
M2,
FRN,
9.583%,
(30-day
SOFR
Average
+
4.514%),
1/25/24
...........................................
United
States
953,840
968,081
2014-C02,
2M2,
FRN,
7.783%,
(30-day
SOFR
Average
+
2.714%),
5/25/24
...........................................
United
States
670,427
675,582
2014-C03,
2M2,
FRN,
8.083%,
(30-day
SOFR
Average
+
3.014%),
7/25/24
...........................................
United
States
2,978,340
3,005,010
2014-C04,
2M2,
FRN,
10.183%,
(30-day
SOFR
Average
+
5.114%),
11/25/24
...................................
United
States
83,926
84,326
2015-C01,
1M2,
FRN,
9.483%,
(30-day
SOFR
Average
+
4.414%),
2/25/25
...........................................
United
States
1,745,537
1,804,798
2015-C02,
1M2,
FRN,
9.183%,
(30-day
SOFR
Average
+
4.114%),
5/25/25
...........................................
United
States
2,488,804
2,562,801
2015-C03,
1M2,
FRN,
10.183%,
(30-day
SOFR
Average
+
5.114%),
7/25/25
....................................
United
States
2,599,019
2,723,783
2016-C01,
1M2,
FRN,
11.933%,
(30-day
SOFR
Average
+
6.864%),
8/25/28
....................................
United
States
562,244
601,869
2016-C01,
2M2,
FRN,
12.133%,
(30-day
SOFR
Average
+
7.064%),
8/25/28
....................................
United
States
1,959,916
2,066,350
m
GSR
Mortgage
Loan
Trust
,
2005-AR1
,
1A1
,
FRN
,
4.366
%
,
1/25/35
United
States
86,141
80,012
m
J.P.
Morgan
Mortgage
Trust
,
2004-A1,
5A1,
FRN,
4.24%,
2/25/34
......................
United
States
17,496
17,421
e
2021-13,
A4,
144A,
FRN,
2.5%,
4/25/52
...................
United
States
10,787,397
9,298,119
e
2021-15,
A4,
144A,
FRN,
2.5%,
6/25/52
...................
United
States
2,124,974
1,831,878
e,m
Mill
City
Mortgage
Loan
Trust
,
2018-1,
A1,
144A,
FRN,
3.25%,
5/25/62
...................
United
States
3,190,778
3,063,483
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
37
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Residential
Mortgage-Backed
Securities
(continued)
Financial
Services
(continued)
e,m
Mill
City
Mortgage
Loan
Trust,
(continued)
2018-4,
A1B,
144A,
FRN,
3.5%,
4/25/66
...................
United
States
4,565,960
$
4,353,254
l
New
York
Mortgage
Trust
,
2005-3
,
M1
,
FRN
,
6.087
%
,
(
1-month
SOFR
+
0.789
%
),
2/25/36
.............................
United
States
45,427
43,930
e
OBX
Trust
,
l
2018-1,
A2,
144A,
FRN,
6.062%,
(1-month
SOFR
+
0.764%),
6/25/57
...........................................
United
States
780,072
746,512
m
2021-J3,
A4,
144A,
FRN,
2.5%,
10/25/51
..................
United
States
1,855,390
1,599,260
e,m
Provident
Funding
Associates
LLP
,
2021-J1
,
A3
,
144A,
FRN
,
2.5
%
,
2/20/49
...........................................
United
States
7,148,432
6,082,348
e,m
PSMC
Trust
,
2021-3
,
A3
,
144A,
FRN
,
2.5
%
,
8/25/51
...........
United
States
10,720,737
9,311,911
l
Thornburg
Mortgage
Securities
Trust
,
2004-3
,
A
,
FRN
,
6.152
%
,
(
1-month
SOFR
+
0.854
%
),
9/25/34
......................
United
States
246,270
226,844
e,m
Towd
Point
Mortgage
Trust
,
2017-1,
A1,
144A,
FRN,
2.75%,
10/25/56
..................
United
States
726,802
717,883
2018-4,
A1,
144A,
FRN,
3%,
6/25/58
.....................
United
States
8,494,185
7,794,266
2019-1,
A1,
144A,
FRN,
3.75%,
3/25/58
...................
United
States
6,420,390
6,034,815
93,747,253
a
a
a
a
a
a
Total
Residential
Mortgage-Backed
Securities
(Cost
$104,213,893)
................
93,937,501
Shares
a
Escrows
and
Litigation
Trusts
0.0%
†
a,b
K2016470219
South
Africa
Ltd.,
Escrow
Account
..............
South
Africa
60,686
—
b
Mesquite
Energy,
Inc.,
Escrow
Account
.....................
United
States
1,900,000
42,750
Total
Escrows
and
Litigation
Trusts
(Cost
$1,838,967)
...........................
42,750
Total
Long
Term
Investments
(Cost
$2,297,619,197)
.............................
2,219,667,316
a
Short
Term
Investments
2.8%
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
1.0%
o
Japan
Treasury
Bills,
9/19/23
............................
Japan
3,350,000,000
JPY
23,551,399
Total
Foreign
Government
and
Agency
Securities
(Cost
$23,632,006)
..............
23,551,399
Shares
a
a
a
Money
Market
Funds
1.8%
d,p
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
....
United
States
40,869,081
40,869,081
Total
Money
Market
Funds
(Cost
$40,869,081)
..................................
40,869,081
Total
Short
Term
Investments
(Cost
$64,501,087
)
................................
64,420,480
a
Total
Investments
(Cost
$2,362,120,284)
98.8%
..................................
$2,284,087,796
Other
Assets,
less
Liabilities
1.2%
.............................................
28,638,836
Net
Assets
100.0%
...........................................................
$2,312,726,632
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
38
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
Fair
valued
using
significant
unobservable
inputs.
See
Note
7
regarding
fair
value
measurements.
b
Non-income
producing.
c
See
Note
3
regarding
restricted
securities.
d
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
e
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
July
31,
2023,
the
aggregate
value
of
these
securities
was
$608,969,846,
representing
26.3%
of
net
assets.
f
The
coupon
rate
shown
represents
the
rate
at
period
end.
g
Income
may
be
received
in
additional
securities
and/or
cash.
h
Defaulted
security
or
security
for
which
income
has
been
deemed
uncollectible.
i
See
full
breakdown
of
marketplace
loans
holdings
in
the
table
at
the
end
of
this
schedule.
j
A
supranational
organization
is
an
entity
formed
by
two
or
more
central
governments
through
international
treaties.
k
Principal
amount
of
security
is
adjusted
for
inflation.
l
The
coupon
rate
shown
represents
the
rate
inclusive
of
any
caps
or
floors,
if
applicable,
in
effect
at
period
end.
m
Adjustable
rate
security
with
an
interest
rate
that
is
not
based
on
a
published
reference
index
and
spread.
The
rate
is
based
on
the
structure
of
the
agreement
and
current
market
conditions.
The
coupon
rate
shown
represents
the
rate
at
period
end.
n
Adjustable
Rate
Mortgage-Backed
Security
(ARM);
the
rate
shown
is
the
effective
rate
at
period
end.
ARM
rates
are
not
based
on
a
published
reference
rate
and
spread,
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).
o
The
security
was
issued
on
a
discount
basis
with
no
stated
coupon
rate.
p
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2023
Franklin
Low
Duration
Total
Return
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
39
,
At
July
31,
2023,
the
Fund
had
the
following
marketplace
loans
outstanding.
Description
Principal
Amount
Value
Marketplace
Loans
-
2.6%
Block,
Inc.
5053049.SQ.FTS.B,
Zero
Cpn,
9/02/23
...
$
110
$
65
5057829.SQ.FTS.B,
Zero
Cpn,
9/03/23
...
818
88
5058089.SQ.FTS.B,
Zero
Cpn,
9/03/23
...
14,656
3,162
5059764.SQ.FTS.B,
Zero
Cpn,
9/04/23
...
47
34
5062108.SQ.FTS.B,
Zero
Cpn,
9/05/23
...
2,002
186
5064256.SQ.FTS.B,
Zero
Cpn,
9/07/23
...
21
11
5065553.SQ.FTS.B,
Zero
Cpn,
9/07/23
...
11,144
1,011
5065983.SQ.FTS.B,
Zero
Cpn,
9/08/23
...
412
135
5073687.SQ.FTS.B,
Zero
Cpn,
9/10/23
...
3,008
490
5075271.SQ.FTS.B,
Zero
Cpn,
9/10/23
...
1,578
200
5075710.SQ.FTS.B,
Zero
Cpn,
9/11/23
...
2,580
1,137
5075922.SQ.FTS.B,
Zero
Cpn,
9/11/23
...
309
61
5083204.SQ.FTS.B,
Zero
Cpn,
9/15/23
...
4,860
1,894
5084881.SQ.FTS.B,
Zero
Cpn,
9/16/23
...
1,655
489
5090985.SQ.FTS.B,
Zero
Cpn,
9/17/23
...
383
84
5094121.SQ.FTS.B,
Zero
Cpn,
9/19/23
...
1,432
586
5094327.SQ.FTS.B,
Zero
Cpn,
9/19/23
...
1,047
311
5094655.SQ.FTS.B,
Zero
Cpn,
9/20/23
...
2,492
769
5096024.SQ.FTS.B,
Zero
Cpn,
9/21/23
...
9,361
2,027
5096286.SQ.FTS.B,
Zero
Cpn,
9/21/23
...
885
551
5097330.SQ.FTS.B,
Zero
Cpn,
9/21/23
...
12,848
3,891
5099070.SQ.FTS.B,
Zero
Cpn,
9/22/23
...
659
209
5102362.SQ.FTS.B,
Zero
Cpn,
9/23/23
...
26,662
5,573
5109707.SQ.FTS.B,
Zero
Cpn,
9/25/23
...
478
215
5110232.SQ.FTS.B,
Zero
Cpn,
9/26/23
...
4,917
1,201
5110354.SQ.FTS.B,
Zero
Cpn,
9/26/23
...
1,032
557
5110450.SQ.FTS.B,
Zero
Cpn,
9/26/23
...
4,298
1,049
5114631.SQ.FTS.B,
Zero
Cpn,
9/29/23
...
2,038
524
5117843.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
190
108
5118658.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
879
350
5122398.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
5,431
1,116
5123250.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
2,209
553
5123870.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
817
625
5130538.SQ.FTS.B,
Zero
Cpn,
10/04/23
..
2,193
368
5130975.SQ.FTS.B,
Zero
Cpn,
10/04/23
..
515
300
5132890.SQ.FTS.B,
Zero
Cpn,
10/05/23
..
30,012
8,952
5134488.SQ.FTS.B,
Zero
Cpn,
10/05/23
..
1,144
183
5135982.SQ.FTS.B,
Zero
Cpn,
10/05/23
..
11,822
2,315
5136603.SQ.FTS.B,
Zero
Cpn,
10/06/23
..
2,883
1,095
5138301.SQ.FTS.B,
Zero
Cpn,
10/06/23
..
2,419
996
5139670.SQ.FTS.B,
Zero
Cpn,
10/06/23
..
181
137
5142732.SQ.FTS.B,
Zero
Cpn,
10/07/23
..
172
55
5144732.SQ.FTS.B,
Zero
Cpn,
10/07/23
..
2,684
608
5146188.SQ.FTS.B,
Zero
Cpn,
10/08/23
..
6,782
1,904
5149203.SQ.FTS.B,
Zero
Cpn,
10/10/23
..
837
242
5152039.SQ.FTS.B,
Zero
Cpn,
10/11/23
..
2,467
807
5153658.SQ.FTS.B,
Zero
Cpn,
10/12/23
..
1,363
916
5154060.SQ.FTS.B,
Zero
Cpn,
10/12/23
..
494
339
5155680.SQ.FTS.B,
Zero
Cpn,
10/12/23
..
521
103
5156338.SQ.FTS.B,
Zero
Cpn,
10/12/23
..
2,755
1,032
5156676.SQ.FTS.B,
Zero
Cpn,
10/12/23
..
1,284
291
5157032.SQ.FTS.B,
Zero
Cpn,
10/12/23
..
661
388
5160593.SQ.FTS.B,
Zero
Cpn,
10/13/23
..
14,723
2,566
5162594.SQ.FTS.B,
Zero
Cpn,
10/14/23
..
617
63
5163731.SQ.FTS.B,
Zero
Cpn,
10/14/23
..
7,221
3,261
5164639.SQ.FTS.B,
Zero
Cpn,
10/14/23
..
1,214
458
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5171609.SQ.FTS.B,
Zero
Cpn,
10/16/23
..
$
508
$
448
5172784.SQ.FTS.B,
Zero
Cpn,
10/17/23
..
6,176
2,299
5175595.SQ.FTS.B,
Zero
Cpn,
10/18/23
..
344
253
5179416.SQ.FTS.B,
Zero
Cpn,
10/18/23
..
2,654
595
5179923.SQ.FTS.B,
Zero
Cpn,
10/19/23
..
1,287
795
5181201.SQ.FTS.B,
Zero
Cpn,
10/19/23
..
6,478
1,875
5183474.SQ.FTS.B,
Zero
Cpn,
10/19/23
..
575
421
5185761.SQ.FTS.B,
Zero
Cpn,
10/20/23
..
1,073
418
5190095.SQ.FTS.B,
Zero
Cpn,
10/20/23
..
8,329
3,257
5210392.SQ.FTS.B,
Zero
Cpn,
10/23/23
..
2,424
349
5219088.SQ.FTS.B,
Zero
Cpn,
10/26/23
..
1,877
970
5220601.SQ.FTS.B,
Zero
Cpn,
10/26/23
..
712
240
5220660.SQ.FTS.B,
Zero
Cpn,
10/26/23
..
1,536
520
5233596.SQ.FTS.B,
Zero
Cpn,
10/28/23
..
1,438
935
5238450.SQ.FTS.B,
Zero
Cpn,
10/29/23
..
802
366
5239973.SQ.FTS.B,
Zero
Cpn,
10/30/23
..
1,954
511
5241436.SQ.FTS.B,
Zero
Cpn,
11/01/23
..
3,606
647
5243291.SQ.FTS.B,
Zero
Cpn,
11/02/23
..
154
33
5243505.SQ.FTS.B,
Zero
Cpn,
11/02/23
..
20,719
5,751
5244949.SQ.FTS.B,
Zero
Cpn,
11/02/23
..
2,287
793
5245623.SQ.FTS.B,
Zero
Cpn,
11/02/23
..
4,046
1,039
5250245.SQ.FTS.B,
Zero
Cpn,
11/03/23
..
608
191
5250706.SQ.FTS.B,
Zero
Cpn,
11/03/23
..
1,251
537
5250769.SQ.FTS.B,
Zero
Cpn,
11/03/23
..
1,742
161
5254509.SQ.FTS.B,
Zero
Cpn,
11/04/23
..
325
163
5254554.SQ.FTS.B,
Zero
Cpn,
11/04/23
..
5,092
521
5254769.SQ.FTS.B,
Zero
Cpn,
11/04/23
..
1,097
731
5255302.SQ.FTS.B,
Zero
Cpn,
11/04/23
..
19,141
5,121
5262459.SQ.FTS.B,
Zero
Cpn,
11/05/23
..
220
79
5265964.SQ.FTS.B,
Zero
Cpn,
11/05/23
..
106
65
5266447.SQ.FTS.B,
Zero
Cpn,
11/05/23
..
386
140
5266476.SQ.FTS.B,
Zero
Cpn,
11/05/23
..
4,839
544
5266837.SQ.FTS.B,
Zero
Cpn,
11/05/23
..
3,783
892
5273907.SQ.FTS.B,
Zero
Cpn,
11/08/23
..
161
144
5281083.SQ.FTS.B,
Zero
Cpn,
11/10/23
..
415
211
5281103.SQ.FTS.B,
Zero
Cpn,
11/10/23
..
8,490
1,103
5289282.SQ.FTS.B,
Zero
Cpn,
11/12/23
..
274
245
5293954.SQ.FTS.B,
Zero
Cpn,
11/14/23
..
847
229
5294291.SQ.FTS.B,
Zero
Cpn,
11/15/23
..
617
410
5294371.SQ.FTS.B,
Zero
Cpn,
11/15/23
..
453
133
5296287.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
342
85
5298323.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
278
185
5305068.SQ.FTS.B,
Zero
Cpn,
11/17/23
..
77,744
19,211
5313405.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
546
303
5316290.SQ.FTS.B,
Zero
Cpn,
11/19/23
..
1,073
387
5317552.SQ.FTS.B,
Zero
Cpn,
11/19/23
..
246
131
5320657.SQ.FTS.B,
Zero
Cpn,
11/20/23
..
1,099
812
5321872.SQ.FTS.B,
Zero
Cpn,
11/20/23
..
1,944
746
5322693.SQ.FTS.B,
Zero
Cpn,
11/20/23
..
874
290
5325004.SQ.FTS.B,
Zero
Cpn,
11/22/23
..
1,379
486
5325652.SQ.FTS.B,
Zero
Cpn,
11/22/23
..
659
207
5328895.SQ.FTS.B,
Zero
Cpn,
11/23/23
..
2,371
803
5329650.SQ.FTS.B,
Zero
Cpn,
11/23/23
..
1,378
457
5329785.SQ.FTS.B,
Zero
Cpn,
11/23/23
..
1,657
438
5330101.SQ.FTS.B,
Zero
Cpn,
11/23/23
..
9,702
4,103
5331262.SQ.FTS.B,
Zero
Cpn,
11/24/23
..
8,562
1,118
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
40
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5338362.SQ.FTS.B,
Zero
Cpn,
11/25/23
..
$
221
$
178
5363132.SQ.FTS.B,
Zero
Cpn,
11/26/23
..
7,301
1,667
5372948.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
7,104
1,961
5374200.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
7,532
2,688
5378646.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
3,253
2,591
5380422.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
12,758
2,088
5381629.SQ.FTS.B,
Zero
Cpn,
11/28/23
..
11
9
5381740.SQ.FTS.B,
Zero
Cpn,
11/29/23
..
817
127
5382818.SQ.FTS.B,
Zero
Cpn,
11/30/23
..
271
105
5394107.SQ.FTS.B,
Zero
Cpn,
11/30/23
..
418
159
5397942.SQ.FTS.B,
Zero
Cpn,
11/30/23
..
784
329
5400388.SQ.FTS.B,
Zero
Cpn,
12/01/23
..
3,988
1,231
5411337.SQ.FTS.B,
Zero
Cpn,
12/01/23
..
839
399
5411468.SQ.FTS.B,
Zero
Cpn,
12/01/23
..
1,212
864
5414116.SQ.FTS.B,
Zero
Cpn,
12/01/23
..
15,698
4,120
5414769.SQ.FTS.B,
Zero
Cpn,
12/01/23
..
2,337
224
5447439.SQ.FTS.B,
Zero
Cpn,
12/02/23
..
3,814
1,388
5462926.SQ.FTS.B,
Zero
Cpn,
12/03/23
..
3,148
308
5472389.SQ.FTS.B,
Zero
Cpn,
12/03/23
..
1,925
557
5473313.SQ.FTS.B,
Zero
Cpn,
12/04/23
..
683
154
5473776.SQ.FTS.B,
Zero
Cpn,
12/05/23
..
2,762
1,181
5474055.SQ.FTS.B,
Zero
Cpn,
12/05/23
..
2,152
987
5481590.SQ.FTS.B,
Zero
Cpn,
12/06/23
..
1,191
243
5498961.SQ.FTS.B,
Zero
Cpn,
12/07/23
..
258
189
5507161.SQ.FTS.B,
Zero
Cpn,
12/08/23
..
8,476
2,059
5518301.SQ.FTS.B,
Zero
Cpn,
12/08/23
..
22,861
11,578
5528209.SQ.FTS.B,
Zero
Cpn,
12/09/23
..
36,787
15,145
5531222.SQ.FTS.B,
Zero
Cpn,
12/09/23
..
2,403
2,239
5532399.SQ.FTS.B,
Zero
Cpn,
12/09/23
..
1,906
360
5534237.SQ.FTS.B,
Zero
Cpn,
12/09/23
..
6,656
1,388
5537587.SQ.FTS.B,
Zero
Cpn,
12/10/23
..
2,687
485
5540468.SQ.FTS.B,
Zero
Cpn,
12/11/23
..
1,805
417
5540573.SQ.FTS.B,
Zero
Cpn,
12/12/23
..
288
260
5542247.SQ.FTS.B,
Zero
Cpn,
12/13/23
..
407
356
5550397.SQ.FTS.B,
Zero
Cpn,
12/14/23
..
17,598
6,988
5552696.SQ.FTS.B,
Zero
Cpn,
12/14/23
..
8,433
2,446
5554476.SQ.FTS.B,
Zero
Cpn,
12/14/23
..
3,376
1,459
5554806.SQ.FTS.B,
Zero
Cpn,
12/15/23
..
1,418
331
5557572.SQ.FTS.B,
Zero
Cpn,
12/15/23
..
1,381
252
5557933.SQ.FTS.B,
Zero
Cpn,
12/15/23
..
1,505
929
5558623.SQ.FTS.B,
Zero
Cpn,
12/15/23
..
2,305
599
5562881.SQ.FTS.B,
Zero
Cpn,
12/16/23
..
6,018
5,162
5563818.SQ.FTS.B,
Zero
Cpn,
12/16/23
..
680
334
5563833.SQ.FTS.B,
Zero
Cpn,
12/16/23
..
1,855
1,465
5564544.SQ.FTS.B,
Zero
Cpn,
12/17/23
..
1,596
518
5564661.SQ.FTS.B,
Zero
Cpn,
12/17/23
..
3,155
1,210
5565100.SQ.FTS.B,
Zero
Cpn,
12/17/23
..
1,552
1,362
5565348.SQ.FTS.B,
Zero
Cpn,
12/17/23
..
8,568
2,337
5568047.SQ.FTS.B,
Zero
Cpn,
12/18/23
..
25,893
12,420
5568680.SQ.FTS.B,
Zero
Cpn,
12/18/23
..
908
736
5569241.SQ.FTS.B,
Zero
Cpn,
12/19/23
..
635
488
5571589.SQ.FTS.B,
Zero
Cpn,
12/20/23
..
1,584
668
5571676.SQ.FTS.B,
Zero
Cpn,
12/20/23
..
2,558
543
5575001.SQ.FTS.B,
Zero
Cpn,
12/21/23
..
49
48
5575033.SQ.FTS.B,
Zero
Cpn,
12/21/23
..
1,282
637
5575348.SQ.FTS.B,
Zero
Cpn,
12/21/23
..
2,261
1,741
5576017.SQ.FTS.B,
Zero
Cpn,
12/21/23
..
504
456
5576519.SQ.FTS.B,
Zero
Cpn,
12/22/23
..
6,194
2,642
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5577616.SQ.FTS.B,
Zero
Cpn,
12/22/23
..
$
946
$
554
5578059.SQ.FTS.B,
Zero
Cpn,
12/22/23
..
1,888
1,684
5581276.SQ.FTS.B,
Zero
Cpn,
12/23/23
..
1,236
493
5581687.SQ.FTS.B,
Zero
Cpn,
12/23/23
..
756
378
5584721.SQ.FTS.B,
Zero
Cpn,
12/24/23
..
2,235
1,476
5584916.SQ.FTS.B,
Zero
Cpn,
12/24/23
..
3,248
1,335
5585270.SQ.FTS.B,
Zero
Cpn,
12/24/23
..
430
203
5588007.SQ.FTS.B,
Zero
Cpn,
12/25/23
..
16,177
2,672
5588118.SQ.FTS.B,
Zero
Cpn,
12/25/23
..
391
345
5588372.SQ.FTS.B,
Zero
Cpn,
12/25/23
..
8,728
2,365
5588652.SQ.FTS.B,
Zero
Cpn,
12/25/23
..
1,049
411
5588819.SQ.FTS.B,
Zero
Cpn,
12/26/23
..
1,366
285
5588829.SQ.FTS.B,
Zero
Cpn,
12/26/23
..
6,746
4,703
5593739.SQ.FTS.B,
Zero
Cpn,
12/28/23
..
327
320
5594146.SQ.FTS.B,
Zero
Cpn,
12/28/23
..
3,596
1,954
5595402.SQ.FTS.B,
Zero
Cpn,
12/28/23
..
734
398
5595419.SQ.FTS.B,
Zero
Cpn,
12/28/23
..
1,976
615
5597324.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
1,727
416
5597532.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
842
246
5597616.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
9,257
4,429
5598446.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
607
68
5598511.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
130
121
5600022.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
1,552
799
5600473.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
378
244
5600497.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
130
100
5600512.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
8,852
962
5608901.SQ.FTS.B,
Zero
Cpn,
12/30/23
..
21
13
5610840.SQ.FTS.B,
Zero
Cpn,
12/30/23
..
7,754
722
5611660.SQ.FTS.B,
Zero
Cpn,
12/30/23
..
260
195
5615484.SQ.FTS.B,
Zero
Cpn,
1/01/24
...
9,468
2,475
5618540.SQ.FTS.B,
Zero
Cpn,
1/02/24
...
545
484
5618906.SQ.FTS.B,
Zero
Cpn,
1/03/24
...
2,590
639
5622466.SQ.FTS.B,
Zero
Cpn,
1/05/24
...
1,406
242
5624747.SQ.FTS.B,
Zero
Cpn,
1/05/24
...
1,492
641
5624912.SQ.FTS.B,
Zero
Cpn,
1/05/24
...
353
267
5627076.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
12,138
3,460
5627773.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
1,198
756
5628531.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
274
257
5628952.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
4,403
1,751
5630143.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
662
281
5630388.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
653
480
5640772.SQ.FTS.B,
Zero
Cpn,
1/07/24
...
1,991
410
5641349.SQ.FTS.B,
Zero
Cpn,
1/07/24
...
1,084
157
5641411.SQ.FTS.B,
Zero
Cpn,
1/07/24
...
2,330
1,773
5642051.SQ.FTS.B,
Zero
Cpn,
1/07/24
...
1,710
1,137
5651306.SQ.FTS.B,
Zero
Cpn,
1/08/24
...
61
49
5651368.SQ.FTS.B,
Zero
Cpn,
1/08/24
...
502
307
5654580.SQ.FTS.B,
Zero
Cpn,
1/08/24
...
1,745
1,416
5656415.SQ.FTS.B,
Zero
Cpn,
1/10/24
...
958
375
5662108.SQ.FTS.B,
Zero
Cpn,
1/11/24
...
6,816
1,575
5662396.SQ.FTS.B,
Zero
Cpn,
1/11/24
...
879
523
5667327.SQ.FTS.B,
Zero
Cpn,
1/12/24
...
22,164
7,600
5670816.SQ.FTS.B,
Zero
Cpn,
1/12/24
...
527
475
5671837.SQ.FTS.B,
Zero
Cpn,
1/12/24
...
1,153
569
5675355.SQ.FTS.B,
Zero
Cpn,
1/13/24
...
3,081
2,300
5678542.SQ.FTS.B,
Zero
Cpn,
1/13/24
...
2,257
2,000
5694516.SQ.FTS.B,
Zero
Cpn,
1/14/24
...
40,603
14,146
5702814.SQ.FTS.B,
Zero
Cpn,
1/16/24
...
1,639
1,516
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
41
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5707166.SQ.FTS.B,
Zero
Cpn,
1/18/24
...
$
2,836
$
1,596
5712977.SQ.FTS.B,
Zero
Cpn,
1/19/24
...
2,192
956
5714794.SQ.FTS.B,
Zero
Cpn,
1/19/24
...
11,130
9,156
5718687.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
1,009
315
5719839.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
7,877
4,671
5720918.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
2,072
1,065
5720997.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
272
255
5729103.SQ.FTS.B,
Zero
Cpn,
1/21/24
...
3,103
1,931
5729235.SQ.FTS.B,
Zero
Cpn,
1/21/24
...
4,135
2,965
5730123.SQ.FTS.B,
Zero
Cpn,
1/21/24
...
1,366
466
5730596.SQ.FTS.B,
Zero
Cpn,
1/21/24
...
977
422
5731830.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
12,716
4,600
5732468.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
756
176
5732580.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
912
256
5733330.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
29,556
24,215
5734498.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
2,116
1,043
5738195.SQ.FTS.B,
Zero
Cpn,
1/25/24
...
854
546
5739159.SQ.FTS.B,
Zero
Cpn,
1/25/24
...
13,484
5,930
5740833.SQ.FTS.B,
Zero
Cpn,
1/26/24
...
659
436
5741356.SQ.FTS.B,
Zero
Cpn,
1/26/24
...
1,619
165
5742284.SQ.FTS.B,
Zero
Cpn,
1/26/24
...
6,984
2,666
5744108.SQ.FTS.B,
Zero
Cpn,
1/27/24
...
3,433
3,286
5746817.SQ.FTS.B,
Zero
Cpn,
1/27/24
...
6,179
2,850
5751638.SQ.FTS.B,
Zero
Cpn,
1/28/24
...
2,723
2,523
5752919.SQ.FTS.B,
Zero
Cpn,
1/29/24
...
1,375
1,262
5753332.SQ.FTS.B,
Zero
Cpn,
1/29/24
...
2,816
1,318
5753519.SQ.FTS.B,
Zero
Cpn,
1/29/24
...
140
116
5754537.SQ.FTS.B,
Zero
Cpn,
1/29/24
...
930
389
5754674.SQ.FTS.B,
Zero
Cpn,
1/29/24
...
2,696
288
5757275.SQ.FTS.B,
Zero
Cpn,
1/30/24
...
334
313
5757339.SQ.FTS.B,
Zero
Cpn,
1/30/24
...
982
567
5762467.SQ.FTS.B,
Zero
Cpn,
2/01/24
...
2,052
498
5764032.SQ.FTS.B,
Zero
Cpn,
2/02/24
...
735
729
5765340.SQ.FTS.B,
Zero
Cpn,
2/02/24
...
823
771
5768439.SQ.FTS.B,
Zero
Cpn,
2/03/24
...
2,493
2,307
5768898.SQ.FTS.B,
Zero
Cpn,
2/03/24
...
2,160
1,444
5771796.SQ.FTS.B,
Zero
Cpn,
2/04/24
...
680
466
5771987.SQ.FTS.B,
Zero
Cpn,
2/04/24
...
27,516
20,760
5774005.SQ.FTS.B,
Zero
Cpn,
2/04/24
...
1,473
370
5774288.SQ.FTS.B,
Zero
Cpn,
2/04/24
...
1,656
1,253
5775433.SQ.FTS.B,
Zero
Cpn,
2/04/24
...
456
359
5775860.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
4,505
4,133
5777310.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
17,495
13,911
5778747.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
483
467
5779421.SQ.FTS.B,
Zero
Cpn,
2/06/24
...
1,699
881
5779587.SQ.FTS.B,
Zero
Cpn,
2/06/24
...
969
103
5779612.SQ.FTS.B,
Zero
Cpn,
2/06/24
...
3,348
1,222
5783939.SQ.FTS.B,
Zero
Cpn,
2/08/24
...
1,119
646
5784284.SQ.FTS.B,
Zero
Cpn,
2/08/24
...
5,640
1,696
5785396.SQ.FTS.B,
Zero
Cpn,
2/09/24
...
4,864
4,247
5787095.SQ.FTS.B,
Zero
Cpn,
2/09/24
...
491
287
5787332.SQ.FTS.B,
Zero
Cpn,
2/09/24
...
1,292
1,261
5788353.SQ.FTS.B,
Zero
Cpn,
2/09/24
...
1,107
1,017
5788688.SQ.FTS.B,
Zero
Cpn,
2/09/24
...
28,421
16,421
5790063.SQ.FTS.B,
Zero
Cpn,
2/09/24
...
210
115
5790156.SQ.FTS.B,
Zero
Cpn,
2/10/24
...
1,282
892
5790251.SQ.FTS.B,
Zero
Cpn,
2/10/24
...
2,713
352
5801823.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
903
442
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5802372.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
$
5,979
$
2,476
5803073.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
1,078
810
5803772.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
1,128
866
5806574.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
1,054
1,033
5806812.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
1,686
631
5807048.SQ.FTS.B,
Zero
Cpn,
2/12/24
...
871
304
5807339.SQ.FTS.B,
Zero
Cpn,
2/12/24
...
10,763
6,390
5810175.SQ.FTS.B,
Zero
Cpn,
2/12/24
...
409
393
5811499.SQ.FTS.B,
Zero
Cpn,
2/12/24
...
214
203
5811792.SQ.FTS.B,
Zero
Cpn,
2/12/24
...
7,313
6,599
5812422.SQ.FTS.B,
Zero
Cpn,
2/12/24
...
2,079
1,648
5812463.SQ.FTS.B,
Zero
Cpn,
2/12/24
...
4,563
3,601
5813279.SQ.FTS.B,
Zero
Cpn,
2/12/24
...
2,311
986
5813408.SQ.FTS.B,
Zero
Cpn,
2/13/24
...
17
17
5813539.SQ.FTS.B,
Zero
Cpn,
2/13/24
...
2,195
1,427
5813757.SQ.FTS.B,
Zero
Cpn,
2/13/24
...
838
545
5813805.SQ.FTS.B,
Zero
Cpn,
2/13/24
...
685
192
5814132.SQ.FTS.B,
Zero
Cpn,
2/14/24
...
1,048
1,028
5814693.SQ.FTS.B,
Zero
Cpn,
2/14/24
...
8,695
8,009
5819637.SQ.FTS.B,
Zero
Cpn,
2/16/24
...
408
400
5820502.SQ.FTS.B,
Zero
Cpn,
2/16/24
...
2,422
268
5820697.SQ.FTS.B,
Zero
Cpn,
2/16/24
...
1,220
127
5821128.SQ.FTS.B,
Zero
Cpn,
2/16/24
...
707
699
5821573.SQ.FTS.B,
Zero
Cpn,
2/16/24
...
1,346
252
5822374.SQ.FTS.B,
Zero
Cpn,
2/17/24
...
546
199
5823925.SQ.FTS.B,
Zero
Cpn,
2/17/24
...
874
751
5823975.SQ.FTS.B,
Zero
Cpn,
2/17/24
...
781
765
5824131.SQ.FTS.B,
Zero
Cpn,
2/17/24
...
2,796
2,348
5828734.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
3,802
3,683
5830050.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
2,426
1,726
5830227.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
316
183
5830235.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
10,592
6,709
5831651.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
864
800
5832308.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
4,413
4,336
5832721.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
1,260
1,013
5833277.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
1,687
1,271
5833649.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
12,815
9,770
5833923.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
3,357
1,708
5834006.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
1,412
1,291
5834289.SQ.FTS.B,
Zero
Cpn,
2/20/24
...
913
585
5836241.SQ.FTS.B,
Zero
Cpn,
2/22/24
...
4,473
780
5836746.SQ.FTS.B,
Zero
Cpn,
2/22/24
...
794
549
5837597.SQ.FTS.B,
Zero
Cpn,
2/22/24
...
1,170
803
5837692.SQ.FTS.B,
Zero
Cpn,
2/22/24
...
1,591
834
5837836.SQ.FTS.B,
Zero
Cpn,
2/22/24
...
4,096
1,804
5838132.SQ.FTS.B,
Zero
Cpn,
2/22/24
...
612
205
5842217.SQ.FTS.B,
Zero
Cpn,
2/23/24
...
755
159
5843755.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
5,701
3,276
5845026.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
716
197
5845038.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
2,444
981
5845421.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
955
919
5845764.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
1,846
1,769
5846114.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
5,695
2,973
5848218.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
2,798
2,546
5848448.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
1,160
457
5848518.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
2,368
746
5848801.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
677
660
5849047.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
474
362
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
42
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5849069.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
$
7,320
$
3,776
5850752.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
408
399
5851164.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
26,208
7,526
5851918.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
218
209
5852595.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
2,366
1,672
5852732.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
6,024
1,688
5853092.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
1,269
1,170
5853179.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
909
862
5853867.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
8,026
1,846
5854302.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
3,611
1,647
5855340.SQ.FTS.B,
Zero
Cpn,
2/27/24
...
213
175
5855467.SQ.FTS.B,
Zero
Cpn,
2/27/24
...
2,902
2,407
5855566.SQ.FTS.B,
Zero
Cpn,
2/27/24
...
304
296
5855717.SQ.FTS.B,
Zero
Cpn,
2/27/24
...
1,319
425
5856081.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
224
216
5856105.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
787
170
5856160.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
137
133
5856241.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
5,332
5,152
5856552.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
897
815
5857372.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
1,351
1,215
5861010.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
653
621
5861074.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
2,179
863
5861164.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
3,600
3,132
5861387.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
347
219
5862421.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
949
911
5862719.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
4,110
542
5863525.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
6,387
6,259
5864291.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
587
572
5864418.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
7,969
7,082
5867005.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
2,892
2,250
5867284.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
4,814
1,094
5871974.SQ.FTS.B,
Zero
Cpn,
3/01/24
...
411
256
5872504.SQ.FTS.B,
Zero
Cpn,
3/01/24
...
133
133
5872536.SQ.FTS.B,
Zero
Cpn,
3/01/24
...
90
76
5873637.SQ.FTS.B,
Zero
Cpn,
3/01/24
...
1,248
1,213
5873832.SQ.FTS.B,
Zero
Cpn,
3/01/24
...
382
374
5874911.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
3,486
2,511
5875203.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
294
276
5876337.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
2,139
213
5876358.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
321
317
5876808.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
1,883
1,656
5877622.SQ.FTS.B,
Zero
Cpn,
3/03/24
...
1,737
592
5878573.SQ.FTS.B,
Zero
Cpn,
3/05/24
...
6,531
6,161
5881097.SQ.FTS.B,
Zero
Cpn,
3/06/24
...
3,364
2,143
5885576.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
2,616
2,439
5888259.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
795
778
5889200.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
872
146
5889661.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
424
399
5889950.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
2,001
568
5889977.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
15,374
11,910
5890652.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
5,741
1,908
5890829.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
593
581
5893134.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
13,641
8,478
5893733.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
710
618
5893913.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
558
545
5894039.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
369
354
5894262.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
6,335
4,007
5894801.SQ.FTS.B,
Zero
Cpn,
3/10/24
...
1,950
1,899
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5894927.SQ.FTS.B,
Zero
Cpn,
3/10/24
...
$
249
$
240
5894989.SQ.FTS.B,
Zero
Cpn,
3/10/24
...
1,858
1,321
5895166.SQ.FTS.B,
Zero
Cpn,
3/11/24
...
3,624
3,092
5895434.SQ.FTS.B,
Zero
Cpn,
3/11/24
...
344
304
5898172.SQ.FTS.B,
Zero
Cpn,
3/12/24
...
5,593
4,999
5901096.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
15,648
7,381
5901715.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
491
436
5901781.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
651
616
5902132.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
203
194
5903375.SQ.FTS.B,
Zero
Cpn,
3/14/24
...
442
426
5903588.SQ.FTS.B,
Zero
Cpn,
3/14/24
...
1,682
1,265
5903831.SQ.FTS.B,
Zero
Cpn,
3/14/24
...
4,644
4,325
5908142.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
23,716
14,952
5908682.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
1,306
838
5908735.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
11,508
9,750
5909211.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
17,663
13,180
5910071.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
511
505
5910492.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
29
27
5910566.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
1,780
1,716
5911907.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
661
627
5912773.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
13,179
4,933
5913027.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
1,752
1,297
5913320.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
191
152
5914110.SQ.FTS.B,
Zero
Cpn,
3/18/24
...
1,982
1,618
5914297.SQ.FTS.B,
Zero
Cpn,
3/18/24
...
2,579
2,178
5915164.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
1,699
1,209
5915684.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
178
176
5916065.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
5,446
2,615
5916181.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
6,774
6,549
5918667.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
4,761
4,465
5919557.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
1,947
1,911
5919675.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
612
576
5920757.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
2,662
2,646
5921351.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
8
8
5921423.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
5,076
4,914
5922519.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
1,311
1,267
5922874.SQ.FTS.B,
Zero
Cpn,
3/21/24
...
9,877
3,903
5924092.SQ.FTS.B,
Zero
Cpn,
3/21/24
...
468
317
5924210.SQ.FTS.B,
Zero
Cpn,
3/21/24
...
19,091
16,455
5925246.SQ.FTS.B,
Zero
Cpn,
3/21/24
...
2,679
2,486
5927186.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
2,664
2,418
5929107.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
4,507
1,803
5929675.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
474
317
5930081.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
1,383
299
5930749.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
1,543
1,491
5930999.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
3,244
3,184
5932661.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
501
417
5932683.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
985
949
5932816.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
2,206
1,502
5933293.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
523
505
5934135.SQ.FTS.B,
Zero
Cpn,
3/24/24
...
743
739
5934389.SQ.FTS.B,
Zero
Cpn,
3/24/24
...
613
593
5934510.SQ.FTS.B,
Zero
Cpn,
3/24/24
...
1,138
145
5934520.SQ.FTS.B,
Zero
Cpn,
3/24/24
...
946
919
5934667.SQ.FTS.B,
Zero
Cpn,
3/25/24
...
4,649
4,055
5934905.SQ.FTS.B,
Zero
Cpn,
3/25/24
...
4,462
4,322
5937097.SQ.FTS.B,
Zero
Cpn,
3/26/24
...
981
974
5937710.SQ.FTS.B,
Zero
Cpn,
3/26/24
...
9,403
4,249
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
43
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5938186.SQ.FTS.B,
Zero
Cpn,
3/26/24
...
$
1,403
$
1,365
5938544.SQ.FTS.B,
Zero
Cpn,
3/26/24
...
8,920
3,456
5939094.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
1,724
1,205
5939612.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
59
56
5939678.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
1,260
1,138
5939909.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
6,274
5,444
5940471.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
2,181
2,113
5940685.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
2,153
1,881
5941408.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
4,459
1,621
5943191.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
394
345
5943314.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
1,040
816
5943409.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
699
659
5943531.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
306
269
5943690.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
2,444
1,459
5943972.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
8,753
5,828
5945228.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
1,610
1,525
5945430.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
2,685
1,759
5945603.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
929
902
5945731.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
2,023
1,804
5945779.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
182
176
5948324.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
1,480
1,407
5948585.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
2,971
2,950
5949113.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
5,918
4,160
5949246.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
2,143
983
5949611.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
3,157
1,836
5949681.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
286
238
5949698.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
4,789
4,418
5950233.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
5,247
4,944
5950325.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
1,266
244
5950783.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
11,646
10,007
5951102.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
1,107
1,046
5951157.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
524
508
5951263.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
173
160
5951713.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
2,286
862
5951743.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
13,322
4,305
5952038.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
2,362
2,147
5952643.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
2,279
1,903
5952776.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
5,019
4,141
5952928.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
191
167
5953015.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
3,267
2,392
5953085.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
248
247
5954049.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
245
226
5954057.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
14,652
8,285
5954826.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
1,383
1,172
5955467.SQ.FTS.B,
Zero
Cpn,
4/01/24
...
5,529
1,797
5955715.SQ.FTS.B,
Zero
Cpn,
4/01/24
...
1,891
1,859
5956036.SQ.FTS.B,
Zero
Cpn,
4/01/24
...
557
513
5956156.SQ.FTS.B,
Zero
Cpn,
4/01/24
...
5,831
1,605
5956226.SQ.FTS.B,
Zero
Cpn,
4/02/24
...
5,673
5,110
5956723.SQ.FTS.B,
Zero
Cpn,
4/02/24
...
3,021
2,902
5956922.SQ.FTS.B,
Zero
Cpn,
4/02/24
...
1,171
1,122
5957727.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
6,729
6,539
5958877.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
826
795
5959066.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
3,789
3,376
5959502.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
1,911
1,880
5959659.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
3,256
2,524
5959894.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
5,499
4,834
5960072.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
241
222
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5960219.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
$
5,931
$
5,701
5960644.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
553
381
5960662.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
11,840
11,296
5961512.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
784
309
5961519.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
504
496
5961920.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
13,452
12,248
5962639.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
2,035
1,977
5963650.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
3,561
3,473
5963722.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
1,122
1,007
5964142.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
14,654
14,279
5964951.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
528
508
5965204.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
3,326
3,187
5965480.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
4,544
2,093
5965640.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
4,077
3,482
5966004.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
28,039
11,438
5966970.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
6,042
5,508
5971088.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
2,798
2,280
5971156.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
5,358
5,272
5971953.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
1,102
1,056
5972193.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
3,497
1,747
5972257.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
1,789
1,606
5972346.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
3,032
1,875
5972484.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
14,639
13,403
5973413.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
2,096
1,608
5973438.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
5,747
5,570
5973733.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
2,322
2,216
5974110.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
764
285
5974884.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
6,434
5,732
5975492.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
2,647
2,480
5976305.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
1,813
1,722
5976344.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
346
343
5977278.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
901
866
5977610.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
2,336
2,201
5977722.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
1,078
1,035
5977756.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
11,273
5,109
5978086.SQ.FTS.B,
Zero
Cpn,
4/08/24
...
4,221
4,150
5978241.SQ.FTS.B,
Zero
Cpn,
4/08/24
...
1,745
1,605
5978395.SQ.FTS.B,
Zero
Cpn,
4/08/24
...
5,654
1,953
5978518.SQ.FTS.B,
Zero
Cpn,
4/08/24
...
9,117
6,640
5979445.SQ.FTS.B,
Zero
Cpn,
4/10/24
...
232
218
5979530.SQ.FTS.B,
Zero
Cpn,
4/10/24
...
2,083
1,923
5979621.SQ.FTS.B,
Zero
Cpn,
4/10/24
...
477
470
5979752.SQ.FTS.B,
Zero
Cpn,
4/10/24
...
440
427
5980004.SQ.FTS.B,
Zero
Cpn,
4/10/24
...
14,671
5,951
5980834.SQ.FTS.B,
Zero
Cpn,
4/10/24
...
2,059
438
5980967.SQ.FTS.B,
Zero
Cpn,
4/10/24
...
701
425
5981203.SQ.FTS.B,
Zero
Cpn,
4/10/24
...
11,252
5,657
5983711.SQ.FTS.B,
Zero
Cpn,
4/11/24
...
170
133
5983727.SQ.FTS.B,
Zero
Cpn,
4/11/24
...
2,338
1,685
5983865.SQ.FTS.B,
Zero
Cpn,
4/11/24
...
6,342
5,714
5984682.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
585
132
5985085.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
4,005
2,563
5985195.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
863
831
5985876.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
1,450
1,402
5985942.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
1,981
1,967
5986057.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
16,765
16,123
5986413.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
2,347
252
5986436.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
2,411
2,348
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
44
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5986609.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
$
956
$
950
5986689.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
2,437
2,304
5986742.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
659
504
5989440.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
374
369
5989477.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
855
832
5989761.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
125
97
5989771.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
251
238
5989789.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
749
363
5990408.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
4,296
4,211
5990718.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
12,907
12,784
5991348.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
175
172
5991501.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
1,416
498
5991559.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
4,505
2,883
5992175.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
954
374
5993125.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
567
564
5993773.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
541
523
5994719.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
3,713
3,085
5995614.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
1,557
1,537
5995767.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
2,913
2,548
5995839.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
1,168
1,114
5995861.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
847
826
5995929.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
38
37
5996138.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
3,251
1,862
5996458.SQ.FTS.B,
Zero
Cpn,
4/15/24
...
18,476
7,316
5996618.SQ.FTS.B,
Zero
Cpn,
4/15/24
...
513
510
5996647.SQ.FTS.B,
Zero
Cpn,
4/15/24
...
2,117
1,842
5996671.SQ.FTS.B,
Zero
Cpn,
4/15/24
...
4,171
4,048
5996858.SQ.FTS.B,
Zero
Cpn,
4/15/24
...
1,331
1,317
5997093.SQ.FTS.B,
Zero
Cpn,
4/16/24
...
10,066
7,960
5997398.SQ.FTS.B,
Zero
Cpn,
4/16/24
...
1,019
1,004
5997621.SQ.FTS.B,
Zero
Cpn,
4/16/24
...
2,321
410
5998208.SQ.FTS.B,
Zero
Cpn,
4/17/24
...
6,524
6,417
6000204.SQ.FTS.B,
Zero
Cpn,
4/17/24
...
175
149
6000206.SQ.FTS.B,
Zero
Cpn,
4/17/24
...
1,733
1,704
6001625.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
181
94
6001639.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
3,399
3,146
6001752.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
11,017
9,103
6002205.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
1,109
749
6002305.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
1,591
1,495
6002821.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
2,874
2,847
6003010.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
1,706
451
6003035.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
40,734
23,036
6004389.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
1,096
975
6004445.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
12,936
12,597
6004957.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
1,818
1,754
6005126.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
7,156
5,782
6005761.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
937
391
6005795.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
760
697
6005828.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
2,360
2,196
6006167.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
17,782
14,317
6006837.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
11,360
4,952
6006972.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
660
379
6007073.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
128
122
6007321.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
831
796
6007604.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
1,481
1,461
6007679.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
2,522
976
6007695.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
3,809
3,606
6010152.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
6,209
4,894
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6010579.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
$
1,385
$
1,054
6010663.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
1,289
1,227
6011305.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
1,085
999
6011497.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
1,458
1,152
6011521.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
318
197
6011551.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
17,046
16,831
6011985.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
6
6
6012042.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
1,196
1,118
6012348.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
665
654
6012618.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
6,027
3,421
6012799.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
4,667
4,374
6012890.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
788
748
6012912.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
4,914
4,849
6013057.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
3,012
2,916
6013254.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
598
595
6013361.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
1,098
1,093
6013787.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
557
308
6013827.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
2,823
2,776
6014043.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
1,169
1,133
6014086.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
748
732
6014176.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
783
359
6014790.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
1,966
1,930
6014841.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
1,986
1,880
6015922.SQ.FTS.B,
Zero
Cpn,
4/22/24
...
2,381
982
6016010.SQ.FTS.B,
Zero
Cpn,
4/22/24
...
4,255
4,032
6016088.SQ.FTS.B,
Zero
Cpn,
4/22/24
...
2,498
2,454
6016164.SQ.FTS.B,
Zero
Cpn,
4/22/24
...
979
947
6016187.SQ.FTS.B,
Zero
Cpn,
4/22/24
...
921
874
6016357.SQ.FTS.B,
Zero
Cpn,
4/22/24
...
1,094
1,018
6016747.SQ.FTS.B,
Zero
Cpn,
4/23/24
...
126
121
6017519.SQ.FTS.B,
Zero
Cpn,
4/24/24
...
202
199
6017546.SQ.FTS.B,
Zero
Cpn,
4/24/24
...
353
346
6017671.SQ.FTS.B,
Zero
Cpn,
4/24/24
...
1,081
411
6020766.SQ.FTS.B,
Zero
Cpn,
4/24/24
...
1,785
424
6020776.SQ.FTS.B,
Zero
Cpn,
4/24/24
...
1,050
1,032
6020853.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
1,207
779
6020901.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
3,356
3,243
6021277.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
4,902
1,757
6022191.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
3,839
3,715
6022441.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
2,079
1,805
6022461.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
348
309
6022726.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
3,145
2,004
6022824.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
279
205
6022838.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
356
354
6024384.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
1,409
1,382
6024779.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
2,571
1,202
6024969.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
644
494
6025558.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
833
249
6025648.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
497
309
6026347.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
142
118
6026398.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
2,245
1,221
6026839.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
1,196
1,158
6026925.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
3,978
3,712
6027119.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
8,365
8,214
6029248.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
1,918
1,878
6029424.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
5,690
4,697
6029772.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
804
779
6030375.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
2,916
2,709
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
45
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6030495.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
$
624
$
526
6030515.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
2,110
2,062
6031936.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
1,746
1,677
6032055.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
1,698
1,658
6032149.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
12,159
4,704
6032312.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
1,807
1,718
6033308.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
2,943
2,443
6033788.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
4,786
4,677
6033984.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
708
704
6034065.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
9,497
9,316
6034937.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
497
479
6035132.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
801
655
6035358.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
8,273
6,295
6035822.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
8,378
6,439
6037303.SQ.FTS.B,
Zero
Cpn,
4/29/24
...
13,342
10,511
6037477.SQ.FTS.B,
Zero
Cpn,
4/29/24
...
3,017
2,915
6037518.SQ.FTS.B,
Zero
Cpn,
4/29/24
...
1,679
1,128
6038304.SQ.FTS.B,
Zero
Cpn,
4/30/24
...
220
218
6038307.SQ.FTS.B,
Zero
Cpn,
4/30/24
...
11,023
4,604
6038663.SQ.FTS.B,
Zero
Cpn,
4/30/24
...
3,738
2,648
6039096.SQ.FTS.B,
Zero
Cpn,
4/30/24
...
3,346
3,234
6039261.SQ.FTS.B,
Zero
Cpn,
4/30/24
...
653
590
6041701.SQ.FTS.B,
Zero
Cpn,
4/30/24
...
6,983
755
6041983.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
40,970
13,884
6042828.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
1,147
1,022
6043481.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
160
155
6043686.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
1,541
1,479
6043964.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
2,438
2,398
6044092.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
3,647
3,610
6044632.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
19,668
18,209
6045158.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
50
49
6045594.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
2,061
2,049
6046321.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
4,007
1,400
6046375.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
3,159
512
6046403.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
1,961
1,872
6046484.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
1,875
1,763
6046961.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
1,700
1,593
6047020.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
442
433
6047382.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
379
377
6047441.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
58
56
6047443.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
3,293
3,240
6047533.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
1,564
1,475
6047559.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
3,913
3,734
6047820.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
1,511
1,344
6047891.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
43,723
33,107
6048400.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
912
699
6048429.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
7,037
5,006
6048564.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
2,279
479
6050998.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
8,011
7,048
6051129.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
5,139
3,861
6051266.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
3,331
2,973
6051791.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
4,841
4,635
6052126.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
12,923
12,523
6052702.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
1,349
1,240
6053001.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
2,976
2,929
6053668.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
1,836
1,767
6053744.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
1,660
1,632
6053795.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
1,032
1,020
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6054276.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
$
523
$
521
6054350.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
8,263
8,055
6054694.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
31,909
30,239
6056014.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
18,253
15,669
6056458.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
4,106
3,689
6056540.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
505
469
6056545.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
3,419
3,349
6056808.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
7,573
7,239
6057211.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
4,056
3,992
6057386.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
1,580
1,557
6057566.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
1,345
1,282
6057689.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
372
291
6057699.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
1,654
1,621
6057791.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
6,373
6,076
6057856.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
4,257
2,020
6057877.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
2,957
2,870
6058394.SQ.FTS.B,
Zero
Cpn,
5/05/24
...
2,395
1,700
6058411.SQ.FTS.B,
Zero
Cpn,
5/05/24
...
1,817
1,651
6058430.SQ.FTS.B,
Zero
Cpn,
5/05/24
...
1,868
1,824
6058669.SQ.FTS.B,
Zero
Cpn,
5/05/24
...
5,417
5,312
6058916.SQ.FTS.B,
Zero
Cpn,
5/05/24
...
3,355
3,233
6059039.SQ.FTS.B,
Zero
Cpn,
5/05/24
...
611
377
6059151.SQ.FTS.B,
Zero
Cpn,
5/06/24
...
1,728
1,629
6059314.SQ.FTS.B,
Zero
Cpn,
5/06/24
...
7,547
6,290
6059813.SQ.FTS.B,
Zero
Cpn,
5/06/24
...
6,787
2,042
6060944.SQ.FTS.B,
Zero
Cpn,
5/07/24
...
5,420
5,163
6061453.SQ.FTS.B,
Zero
Cpn,
5/07/24
...
6,709
5,799
6062536.SQ.FTS.B,
Zero
Cpn,
5/07/24
...
5,015
2,361
6062602.SQ.FTS.B,
Zero
Cpn,
5/07/24
...
1,337
1,320
6062856.SQ.FTS.B,
Zero
Cpn,
5/07/24
...
2,281
2,243
6062959.SQ.FTS.B,
Zero
Cpn,
5/07/24
...
581
425
6063093.SQ.FTS.B,
Zero
Cpn,
5/07/24
...
3,406
1,253
6064603.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
536
516
6064621.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
3,995
3,942
6064734.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
3,237
3,111
6064881.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
5,303
4,997
6065870.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
2,346
2,093
6065954.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
1,239
1,161
6066329.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
704
700
6066715.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
848
681
6066738.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
1,400
1,354
6066772.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
2,485
2,412
6066955.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
2,584
2,138
6107220.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
1,359
1,341
6107267.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
11,433
9,878
6109460.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
10,853
8,147
6120514.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
3,595
3,457
6120750.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
699
305
6120756.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
474
435
6120938.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
19,846
5,714
6121267.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
16,471
16,085
6121689.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
7,555
7,171
6122160.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
2,258
2,152
6122211.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
2,114
2,086
6122611.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
1,040
1,018
6122715.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
45,745
36,491
6123286.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
3,737
3,540
6123399.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
4,098
3,938
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
46
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6123580.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
$
4,558
$
3,178
6123680.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
41,854
30,084
6124687.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
9,464
8,456
6125075.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
2,801
2,679
6125171.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
775
752
6125197.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
2,049
1,996
6125282.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
284
278
6125604.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
1,624
1,557
6125634.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
2,068
2,037
6125695.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
9,512
8,442
6126100.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
3,775
3,527
6126162.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
1,454
1,440
6126232.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
1,982
1,581
6126259.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
1,628
1,539
6126281.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
4,565
3,755
6126363.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
1,916
1,840
6126401.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
418
413
6126608.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
4,516
2,775
6126676.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
14,282
13,913
6127003.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
611
604
6127060.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
1,953
1,924
6127124.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
3,278
3,128
6127192.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
2,501
1,517
6127273.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
4,393
1,485
6127330.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
428
418
6127374.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
2,574
517
6131276.SQ.FTS.B,
Zero
Cpn,
5/14/24
...
1,154
943
6131346.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
4,821
4,619
6131484.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
807
769
6131552.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
3,770
3,700
6131860.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
651
645
6132104.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
5,527
5,268
6132801.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
10,112
9,958
6133232.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
9,216
9,044
6133707.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
11,499
4,434
6134305.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
24,305
22,827
6134623.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
24,689
23,150
6134839.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
2,108
2,085
6134865.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
7,888
7,697
6135022.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
5,317
4,340
6135248.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
8,060
4,265
6135702.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
1,231
1,011
6136113.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
5,418
4,887
6136349.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
234
196
6136375.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
2,810
2,761
6136481.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
4,428
991
6136771.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
6,274
6,177
6136924.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
663
658
6136959.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
1,488
1,342
6137076.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
2,432
2,127
6137107.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
6,549
6,458
6137296.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
1,224
1,200
6137611.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
622
374
6137633.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
1,472
1,403
6137703.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
987
447
6137742.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
96
94
6139559.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
3,420
3,341
6139899.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
5,390
2,994
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6140062.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
$
2,117
$
2,065
6140154.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
514
482
6140483.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
1,252
1,215
6140551.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
2,638
2,604
6141331.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
1,673
1,615
6141502.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
1,586
1,523
6141598.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
8,126
6,677
6141802.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
843
688
6141840.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
3,197
1,603
6142103.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
2,981
2,913
6142329.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
1,485
1,411
6143372.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
9,770
9,595
6144045.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
731
548
6144424.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
10,207
9,990
6144839.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
8,176
5,186
6145011.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
2,668
2,607
6145086.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
2,200
2,130
6145148.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
2,039
1,839
6145203.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
2,939
2,862
6145586.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
4,929
4,781
6145716.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
10,582
6,850
6145876.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
2,747
841
6145927.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
2,082
526
6145953.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
5,442
5,099
6146126.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
310
301
6146154.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
2,591
2,544
6146248.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
5,599
5,100
6146548.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
110
92
6146549.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
2,692
2,459
6146983.SQ.FTS.B,
Zero
Cpn,
5/19/24
...
2,609
2,439
6147026.SQ.FTS.B,
Zero
Cpn,
5/19/24
...
5,839
5,523
6147217.SQ.FTS.B,
Zero
Cpn,
5/19/24
...
462
311
6147230.SQ.FTS.B,
Zero
Cpn,
5/19/24
...
4,068
3,778
6147337.SQ.FTS.B,
Zero
Cpn,
5/19/24
...
2,814
2,730
6147426.SQ.FTS.B,
Zero
Cpn,
5/19/24
...
2,513
2,229
6147492.SQ.FTS.B,
Zero
Cpn,
5/19/24
...
621
349
6147656.SQ.FTS.B,
Zero
Cpn,
5/20/24
...
1,337
789
6147679.SQ.FTS.B,
Zero
Cpn,
5/20/24
...
5,433
4,534
6147770.SQ.FTS.B,
Zero
Cpn,
5/20/24
...
1,866
1,676
6148012.SQ.FTS.B,
Zero
Cpn,
5/20/24
...
985
932
6149301.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
3,771
3,716
6149785.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
1,256
927
6150045.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
1,993
1,556
6150165.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
158
156
6150201.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
957
483
6150877.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
4,635
4,556
6151184.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
736
710
6151232.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
571
392
6151254.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
35,491
23,715
6153090.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
5,087
4,790
6153219.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
2,934
1,988
6153275.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
3,778
2,259
6153346.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
1,461
1,399
6153445.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
861
822
6153478.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
2,740
2,469
6153645.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
8,853
8,719
6153972.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
988
951
6154028.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
1,129
1,053
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
47
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6154042.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
$
20,150
$
16,489
6154403.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
96
95
6154428.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
126
125
6154525.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
1,184
1,159
6155706.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
1,252
1,227
6155893.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
2,181
1,200
6155930.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
9,003
2,057
6157493.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
4,168
4,031
6157569.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
219
216
6157641.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
214
208
6157661.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
955
638
6157670.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
1,783
1,186
6157710.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
5,569
5,469
6157860.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
1,247
1,141
6157893.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
120
111
6157970.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
2,357
2,270
6158051.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
4,084
3,974
6158178.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
1,112
993
6158330.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
657
647
6158349.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
1,559
1,532
6158854.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
2,401
2,337
6158976.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
761
414
6159006.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
1,815
1,701
6159420.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
4,535
4,452
6159621.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
15,193
14,964
6160115.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
3,095
2,963
6160815.SQ.FTS.B,
Zero
Cpn,
5/24/24
...
29,771
28,433
6161004.SQ.FTS.B,
Zero
Cpn,
5/24/24
...
2,076
2,013
6161169.SQ.FTS.B,
Zero
Cpn,
5/24/24
...
263
229
6161316.SQ.FTS.B,
Zero
Cpn,
5/24/24
...
14,663
14,000
6161545.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
4,052
3,824
6161916.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
3,028
820
6161952.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
1,653
1,521
6162019.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
2,964
2,912
6162241.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
4,469
4,263
6162742.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
5,970
5,450
6162963.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
5,491
4,796
6163115.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
9,867
7,043
6163558.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
1,187
244
6163573.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
1,022
1,007
6163673.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
3,100
2,673
6163704.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
875
827
6163820.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
2,845
2,722
6163875.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
409
407
6164110.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
2,304
2,178
6164186.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
1,094
990
6164424.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
3,154
1,015
6164813.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
576
570
6164887.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
7,648
7,527
6165145.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
1,350
1,211
6165157.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
2,370
2,320
6165295.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
2,798
2,761
6165420.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
5,080
4,832
6165678.SQ.FTS.B,
Zero
Cpn,
5/27/24
...
4,327
1,558
6165705.SQ.FTS.B,
Zero
Cpn,
5/27/24
...
1,756
1,716
6165762.SQ.FTS.B,
Zero
Cpn,
5/27/24
...
1,049
1,040
6165798.SQ.FTS.B,
Zero
Cpn,
5/27/24
...
612
598
6165971.SQ.FTS.B,
Zero
Cpn,
5/27/24
...
641
614
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6165977.SQ.FTS.B,
Zero
Cpn,
5/27/24
...
$
1,711
$
1,551
6166228.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
850
814
6166264.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
932
894
6166335.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
15,325
14,106
6168722.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
2,549
2,475
6168927.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
17,090
16,706
6169562.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
1,086
1,040
6169587.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
4,468
2,452
6169978.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,192
1,143
6170049.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
2,932
2,793
6170891.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,356
1,300
6170990.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
2,700
2,437
6171045.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
186
178
6171064.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
2,412
1,928
6171117.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
4,349
4,159
6171294.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,261
590
6171310.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,686
1,401
6171346.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
435
394
6171786.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,183
1,125
6171823.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,716
1,687
6171974.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,688
1,643
6172045.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,647
1,247
6172533.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,360
1,304
6172552.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
7,018
6,731
6172736.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
23,335
22,696
6173113.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,538
1,508
6173144.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
354
318
6173147.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
8,376
2,665
6173185.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
873
793
6173207.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
2,402
2,324
6173301.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
198
163
6173433.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
4,189
3,874
6173644.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
13,223
8,583
6173987.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
3,927
2,378
6174077.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
1,598
1,399
6174099.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
1,099
809
6174644.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
1,535
1,418
6174665.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
1,971
1,725
6174704.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
687
679
6175042.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
11,086
10,713
6175348.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
30,472
29,202
6175891.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
9,784
9,612
6178370.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
22,081
19,501
6178990.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
3,013
2,669
6179370.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
2,650
2,086
6179623.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
2,062
1,963
6179723.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
8,552
8,186
6179908.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
1,058
943
6179958.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
1,925
1,872
6179999.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
1,206
1,184
6180061.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
361
351
6180067.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
3,677
3,581
6180164.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
1,636
1,446
6180181.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
1,104
1,084
6180254.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
6,433
6,117
6180482.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
4,382
4,275
6180897.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
500
492
6181329.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
1,243
1,192
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
48
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6181401.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
$
756
$
610
6181479.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
352
347
6181969.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
8,065
7,922
6182221.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
1,691
1,651
6182309.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
2,874
2,479
6182359.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
3,437
2,646
6183450.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
6,766
6,478
6183669.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
8,941
7,755
6183889.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
14,344
12,895
6184697.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
9,781
8,457
6184876.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
6,593
3,276
6184984.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
2,953
2,875
6185182.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
11,100
10,990
6185658.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
287
282
6185675.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
1,753
1,713
6185788.SQ.FTS.B,
Zero
Cpn,
6/03/24
...
5,013
4,738
6185855.SQ.FTS.B,
Zero
Cpn,
6/03/24
...
3,094
2,620
6185898.SQ.FTS.B,
Zero
Cpn,
6/03/24
...
1,556
1,493
6185944.SQ.FTS.B,
Zero
Cpn,
6/03/24
...
6,707
6,454
6186156.SQ.FTS.B,
Zero
Cpn,
6/03/24
...
1,275
1,221
6186244.SQ.FTS.B,
Zero
Cpn,
6/03/24
...
1,096
1,025
6186637.SQ.FTS.B,
Zero
Cpn,
6/04/24
...
1,228
1,179
6186773.SQ.FTS.B,
Zero
Cpn,
6/04/24
...
2,391
2,218
6186836.SQ.FTS.B,
Zero
Cpn,
6/04/24
...
4,118
2,911
6186999.SQ.FTS.B,
Zero
Cpn,
6/04/24
...
2,655
1,579
6187069.SQ.FTS.B,
Zero
Cpn,
6/04/24
...
929
886
6188752.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
1,454
1,412
6188810.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
12,992
11,733
6189329.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
29,906
26,339
6190102.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
1,528
623
6190213.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
1,329
1,050
6190783.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
1,090
216
6190859.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
1,135
839
6190985.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
10,569
10,132
6191151.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
3,589
3,539
6191317.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
1,785
1,687
6191418.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
256
256
6192067.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
497
361
6192133.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
1,043
1,034
6192283.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
1,235
1,122
6192538.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
3,601
3,547
6192696.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
254
248
6192723.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
871
714
6192730.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
30,735
29,174
6194735.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
1,793
1,570
6194754.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
2,057
1,544
6194832.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
10,052
9,757
6195042.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
521
495
6195067.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
11,968
11,580
6195469.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
1,898
1,746
6195557.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
4,927
4,647
6195754.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
15,590
14,873
6196374.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
3,011
2,942
6196500.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
2,760
2,580
6196554.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
4,821
4,318
6196628.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
2,570
2,390
6196734.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
1,119
480
6196818.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
3,160
3,028
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6196936.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
$
1,154
$
525
6196940.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
650
636
6197006.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
4,702
4,406
6199424.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
1,262
1,239
6199760.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
27,738
22,026
6200609.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
1,326
798
6200631.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
320
300
6200641.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
863
766
6200834.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
8,365
7,946
6202896.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
1,131
563
6203181.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
7,863
7,756
6203333.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
1,160
1,107
6203362.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
35,625
23,358
6204171.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
559
551
6204357.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
16,357
14,753
6204820.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
1,690
947
6204876.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
10,295
10,160
6205858.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
2,488
2,435
6206030.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
1,417
1,402
6206170.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
294
261
6206242.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
3,597
1,648
6206325.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
5,865
5,685
6206428.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
4,410
4,079
6206617.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
493
437
6206729.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
3,500
3,378
6206838.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
2,703
2,601
6206931.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
375
361
6207369.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
1,067
978
6207402.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
9,138
8,868
6207861.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
37,929
10,254
6208274.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
9,972
9,882
6208894.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
3,185
3,054
6208972.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
2,347
2,316
6209054.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
4,029
3,895
6209701.SQ.FTS.B,
Zero
Cpn,
6/10/24
...
4,737
3,431
6210022.SQ.FTS.B,
Zero
Cpn,
6/10/24
...
2,004
1,904
6210365.SQ.FTS.B,
Zero
Cpn,
6/10/24
...
4,464
4,287
6211080.SQ.FTS.B,
Zero
Cpn,
6/11/24
...
6,431
6,277
6212151.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
360
357
6212231.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
2,255
2,188
6212386.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
1,329
1,295
6212509.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
618
592
6212601.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
12,755
11,906
6213059.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
2,135
2,078
6213146.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
935
887
6213304.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
1,592
1,514
6213350.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
1,211
1,164
6213383.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
1,344
1,254
6213422.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
1,636
1,608
6213638.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
371
366
6213725.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
2,116
2,068
6213794.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
3,389
2,377
6214034.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
13,712
13,269
6214394.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
1,452
1,417
6214438.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
601
328
6214456.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
4,862
4,663
6214651.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
31,011
29,717
6215032.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
3,383
3,143
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
49
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6215164.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
$
1,407
$
1,364
6215215.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
32,430
30,639
6216579.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
791
511
6216601.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
2,484
1,689
6216993.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
3,519
3,077
6217064.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
6,455
5,586
6217197.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
25,279
24,667
6217865.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
26,201
24,570
6218166.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
17,625
17,265
6219277.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
3,443
1,989
6219730.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
6,775
6,565
6220076.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
3,725
1,048
6220131.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
22,628
21,793
6220695.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
23,011
21,833
6221174.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
3,204
3,141
6223854.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
2,599
2,207
6224598.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
1,172
1,136
6224651.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
693
647
6224683.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
1,614
1,474
6224797.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
7,107
6,949
6225147.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
2,909
2,845
6225285.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
2,248
2,158
6225427.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
1,277
1,244
6225651.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
2,432
2,384
6226446.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
4,069
3,957
6226503.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
4,118
3,890
6226809.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
1,690
1,680
6226978.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
1,072
978
6227138.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
330
324
6227620.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
4,289
3,660
6227804.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
1,147
1,007
6227879.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
6,127
5,097
6228008.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
197
195
6228415.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
2,162
1,803
6228503.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
10,877
9,520
6228842.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
224
175
6228852.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
96
94
6228859.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
2,933
2,880
6229047.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
1,074
1,034
6229080.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
3,592
3,525
6229129.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
44,876
34,991
6234441.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
2,312
2,249
6234555.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
1,658
1,269
6234577.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
11,127
10,728
6234992.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
5,341
5,130
6235160.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
6,431
1,488
6235217.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
1,107
897
6235237.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
6,309
5,340
6235328.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
2,345
2,237
6235374.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
6,126
5,829
6235489.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
15,049
12,246
6235701.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
3,975
3,815
6235797.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
5,020
567
6235824.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
1,940
936
6236009.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
3,968
3,810
6236068.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
12,380
8,822
6236218.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
6,243
6,063
6236308.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
877
824
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6236331.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
$
4,928
$
4,811
6236408.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
1,288
650
6236427.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
10,363
2,762
6236539.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
8,781
8,579
6236717.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
623
547
6236739.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
3,761
3,564
6237318.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
749
726
6237359.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
905
893
6237557.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
912
792
6237605.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
469
417
6237640.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
2,259
2,186
6237922.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
1,501
1,399
6237968.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
777
730
6238000.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
588
573
6238068.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
4,920
4,530
6238700.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
607
405
6238744.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
810
428
6238757.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
857
821
6238815.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
13,306
12,761
6239434.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
132
130
6239452.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
3,475
3,405
6239610.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
830
785
6239939.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
3,867
3,807
6240085.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
1,107
1,028
6240119.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
195
193
6240143.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
3,654
3,178
6240208.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
5,830
2,941
6240317.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
4,210
4,065
6240461.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
792
694
6240483.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
7,354
5,725
6241486.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
953
842
6241523.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
1,660
1,609
6241607.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
1,291
1,146
6241717.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
1,541
1,488
6241838.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
14,778
6,405
6242045.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
12,929
12,717
6242397.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
824
803
6242415.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
15,654
14,720
6243216.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
7,877
7,196
6243323.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
267
224
6243340.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
4,501
4,410
6243689.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
1,802
1,762
6243822.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
9,514
9,325
6244041.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
1,172
1,097
6244049.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
4,069
3,975
6244129.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
13,936
13,255
6244810.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
1,950
1,836
6244924.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
963
799
6244975.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
2,414
1,894
6245007.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
3,027
2,571
6245050.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
4,637
4,302
6245977.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
361
315
6245981.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
3,785
3,685
6246041.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
17,568
16,375
6246195.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
4,086
3,990
6246292.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
22,849
22,324
6248717.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
86
86
6248864.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
6,870
6,587
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
50
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6249623.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
$
1,156
$
1,081
6249640.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
537
519
6249668.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
7,810
7,501
6249869.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
1,075
1,032
6250117.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
2,665
1,733
6250187.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
2,650
2,525
6250257.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
1,627
1,432
6250307.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
4,420
3,813
6250370.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
4,201
4,079
6250491.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
1,786
1,714
6250833.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
2,613
2,502
6250884.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
4,633
3,964
6250983.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
13,012
11,220
6251253.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
2,913
2,620
6251321.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
5,709
5,553
6251637.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
3,481
3,444
6251808.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
10,856
10,557
6252047.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
12,795
11,693
6252495.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
20,025
16,274
6252835.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
3,619
3,510
6253095.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
4,405
4,307
6253254.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
3,391
1,635
6253588.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
6,122
5,710
6253727.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
3,907
3,744
6253833.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
21,832
20,926
6254431.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
3,595
3,447
6254742.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
27,567
26,458
6255001.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
1,525
1,516
6255283.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
1,488
1,444
6255303.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
3,122
2,943
6255416.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
12,521
10,866
6255542.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
593
308
6255552.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
1,426
1,394
6255617.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
3,264
2,645
6255656.SQ.FTS.B,
Zero
Cpn,
6/25/24
...
7,434
6,973
6255853.SQ.FTS.B,
Zero
Cpn,
6/25/24
...
1,115
1,099
6255909.SQ.FTS.B,
Zero
Cpn,
6/25/24
...
975
448
6255918.SQ.FTS.B,
Zero
Cpn,
6/25/24
...
3,532
3,401
6255981.SQ.FTS.B,
Zero
Cpn,
6/25/24
...
532
513
6255997.SQ.FTS.B,
Zero
Cpn,
6/25/24
...
1,357
214
6256008.SQ.FTS.B,
Zero
Cpn,
6/25/24
...
6,635
6,520
6256139.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
928
828
6256148.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
3,320
3,077
6256236.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
5,132
4,809
6256347.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
228
221
6256373.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
1,513
1,370
6256384.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
14,409
11,996
6256511.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
11,596
10,653
6256721.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
323
312
6256728.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
76
70
6256740.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
926
783
6256848.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
9,228
8,643
6258122.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
5,787
5,559
6258244.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
14,505
13,928
6258680.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
475
335
6258697.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
414
393
6259771.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
3,120
3,052
6259919.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
2,309
2,057
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6260133.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
$
1,006
$
945
6260192.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
5,081
4,972
6260233.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
17,066
15,903
6260361.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
5,136
4,802
6260506.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
7,765
7,666
6261070.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
17,414
16,637
6261373.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
10,544
10,086
6261636.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
3,629
3,548
6261670.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
6,566
6,298
6261747.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
4,796
4,096
6261880.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
44,177
43,181
6262497.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
8,184
6,302
6262558.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
3,638
3,290
6265146.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
1,483
1,374
6265155.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
6,306
4,584
6265294.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
6,326
5,402
6265932.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
859
852
6266047.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
5,403
4,083
6266129.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
2,316
2,274
6266429.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
982
954
6266463.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
7,650
7,309
6266683.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
3,723
3,671
6267922.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
5,507
2,647
6267958.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
1,618
1,582
6268002.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
3,442
2,791
6268033.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
3,167
3,053
6268181.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
6,170
5,829
6268444.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,132
1,110
6268562.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
325
312
6268566.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
3,322
2,907
6268655.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,178
564
6268677.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
2,548
2,509
6268913.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,603
1,540
6268996.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
2,940
2,717
6269131.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
15,960
15,654
6269919.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
555
421
6269933.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,351
1,232
6269972.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
13,784
13,083
6270448.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
2,474
1,597
6270473.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
3,312
511
6270529.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
484
472
6270706.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
6,929
6,705
6270933.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
8,059
7,704
6271065.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
7,641
7,287
6271196.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
3,726
3,640
6271274.SQ.FTS.B,
Zero
Cpn,
7/01/24
...
686
555
6271350.SQ.FTS.B,
Zero
Cpn,
7/01/24
...
7,135
5,801
6271872.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
15,487
14,425
6272091.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
2,642
2,424
6272108.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
3,933
3,867
6272162.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
1,296
1,268
6272267.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
45,253
43,442
6273365.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
12,838
12,671
6274063.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
1,296
1,254
6274141.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
1,789
1,775
6274238.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
1,240
1,234
6275081.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
16,280
15,997
6275849.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
30,011
24,590
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
51
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6276359.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
$
5,660
$
5,256
6276631.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
1,508
1,466
6276701.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
517
509
6276763.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
2,777
2,704
6276874.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
3,637
2,216
6277188.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
285
282
6277246.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
1,343
1,107
6277279.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
7,518
6,934
6277404.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
1,886
1,845
6277480.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
703
678
6277528.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
1,353
1,345
6278058.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
6,369
6,096
6278372.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
13,592
13,400
6279862.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
16,989
9,237
6280040.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
3,790
3,681
6280119.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
1,101
1,072
6280574.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
781
764
6280608.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
501
495
6280869.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
4,941
4,195
6281158.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
43,635
37,333
6282086.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
1,079
811
6282110.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
13,125
11,784
6282285.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
240
239
6282365.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
19,917
19,295
6282806.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
2,522
2,482
6282948.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
606
585
6283474.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
1,336
1,181
6283561.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
1,399
1,367
6283638.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
1,549
1,494
6283793.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
5,712
5,601
6284087.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
11,288
10,608
6284249.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
21,533
20,541
6284870.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
9,481
7,638
6285052.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
51,251
48,482
6285816.SQ.FTS.B,
Zero
Cpn,
7/07/24
...
65,808
52,845
6286581.SQ.FTS.B,
Zero
Cpn,
7/08/24
...
3,667
3,596
6286798.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
3,737
2,757
6286967.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
794
782
6287026.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
928
883
6287076.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
7,606
5,901
6287618.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
14,361
14,011
6288005.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
3,227
3,135
6288212.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
3,450
3,326
6288309.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
3,426
3,377
6288398.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
4,275
3,946
6288461.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
16,411
15,902
6288968.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
234
224
6288972.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
6,756
6,593
6289101.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
771
741
6289126.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
444
437
6289202.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
4,469
4,295
6289285.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
3,250
3,077
6289495.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
6,457
6,337
6289638.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
11,564
10,638
6289912.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
6,279
6,151
6290043.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
436
432
6290073.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
5,161
4,941
6290212.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
6,063
5,572
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6290401.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
$
5,403
$
5,067
6290598.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
18,262
16,330
6290930.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
2,600
2,270
6290969.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
2,534
2,132
6291009.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
4,493
4,364
6291067.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
358
352
6291341.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
1,708
1,592
6291374.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
8,786
7,519
6291486.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
5,086
4,852
6291577.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
209
193
6291578.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
4,208
4,071
6291702.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
4,739
4,605
6291843.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
8,936
8,639
6292028.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
6,262
6,178
6293418.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
12,567
11,424
6293554.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
3,443
3,368
6293641.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
1,215
1,201
6293751.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
6,372
6,290
6294021.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
43,034
40,017
6297951.SQ.FTS.B,
Zero
Cpn,
7/12/24
...
20,032
19,701
6299081.SQ.FTS.B,
Zero
Cpn,
7/12/24
...
371
342
6299231.SQ.FTS.B,
Zero
Cpn,
7/12/24
...
511
505
6299302.SQ.FTS.B,
Zero
Cpn,
7/12/24
...
11,013
10,897
6300054.SQ.FTS.B,
Zero
Cpn,
7/12/24
...
2,587
2,498
6300581.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
2,041
1,951
6300719.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
14,743
14,284
6301188.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
510
498
6301243.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
575
562
6302279.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
6,825
6,643
6302702.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
675
640
6302745.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
819
786
6302866.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
1,427
1,342
6302938.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
417
231
6302977.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
722
715
6303108.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
7,132
7,001
6303276.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
3,942
3,821
6303349.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
5,568
4,995
6303407.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
2,670
2,618
6303448.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
7,073
6,953
6303578.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
6,393
6,120
6303685.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
19,449
16,538
6303939.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
5,373
5,207
6303999.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
1,373
1,311
6304010.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
7,670
7,507
6304069.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
926
900
6304147.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
2,407
2,187
6304171.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
365
333
6304176.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
13,128
12,876
6304488.SQ.FTS.B,
Zero
Cpn,
7/15/24
...
252
235
6304502.SQ.FTS.B,
Zero
Cpn,
7/15/24
...
11,825
10,343
6304870.SQ.FTS.B,
Zero
Cpn,
7/15/24
...
15,010
14,493
6305129.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
2,931
2,733
6305181.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
2,009
1,985
6305217.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
4,082
4,022
6305291.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
888
849
6305304.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
3,154
3,086
6305409.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
4,334
4,109
6305441.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
3,819
3,735
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
52
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6305505.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
$
1,327
$
1,319
6305624.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
378
374
6305766.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
3,505
3,363
6305807.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
2,044
1,552
6305994.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
9,726
9,367
6306494.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
14,844
12,294
6307006.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
21,218
18,192
6307596.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
22,144
19,528
6307908.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
2,516
2,366
6307949.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
2,203
2,002
6308011.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
6,169
5,843
6308161.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
1,562
1,491
6308277.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
884
869
6308299.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
7,376
7,169
6308429.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
4,301
3,526
6308505.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
4,644
4,527
6308611.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
11,655
10,389
6308849.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
2,872
2,404
6308976.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
3,197
1,579
6309043.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
3,423
3,168
6309207.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
4,545
4,403
6309447.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
4,406
4,373
6309799.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
722
714
6309929.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
759
543
6309956.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
505
496
6310378.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
26,644
20,411
6310692.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
2,476
2,005
6310796.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
1,494
1,432
6310895.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
2,719
2,670
6310988.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
7,603
7,335
6313192.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
35,353
34,840
6314510.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
760
729
6314524.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
11,162
7,473
6314730.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
3,074
2,643
6314771.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
7,273
7,084
6314884.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
5,039
4,620
6314964.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
233
222
6314969.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
2,585
2,384
6315031.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
5,490
5,218
6315256.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
3,856
1,609
6315381.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
2,199
2,152
6315790.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
7,326
7,079
6316163.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
52,929
46,492
6317824.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
1,387
1,317
6317841.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
3,204
3,124
6317947.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
5,450
5,134
6318048.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
8,482
7,799
6318267.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
1,478
1,364
6318353.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
1,503
1,461
6318378.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
69,149
53,269
6319060.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
10,568
9,384
6319160.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
2,345
2,303
6319487.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
12,964
12,522
6319630.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
2,605
2,336
6319653.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
3,035
2,436
6319714.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
3,355
3,191
6319744.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
1,098
980
6319872.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
1,160
1,093
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6319919.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
$
952
$
797
6319933.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
14,196
11,660
6320071.SQ.FTS.B,
Zero
Cpn,
7/22/24
...
358
340
6320082.SQ.FTS.B,
Zero
Cpn,
7/22/24
...
1,975
1,729
6320125.SQ.FTS.B,
Zero
Cpn,
7/22/24
...
2,974
2,886
6320178.SQ.FTS.B,
Zero
Cpn,
7/22/24
...
3,234
1,242
6320582.SQ.FTS.B,
Zero
Cpn,
7/22/24
...
2,999
2,760
6320664.SQ.FTS.B,
Zero
Cpn,
7/22/24
...
1,999
1,865
6320700.SQ.FTS.B,
Zero
Cpn,
7/22/24
...
5,651
5,536
6321539.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
2,843
2,802
6321655.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
808
673
6321669.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
3,272
3,083
6321758.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
7,634
6,166
6321916.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
1,687
1,617
6322025.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
3,742
3,593
6326567.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
3,258
3,073
6328384.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
943
916
6328930.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
30,717
18,724
6344025.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
625
617
6351239.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
7,557
7,482
6351454.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
3,606
3,539
6351613.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
2,458
2,096
6351662.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
12,637
12,155
6351811.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
17,559
14,965
6352137.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
5,184
4,999
6352284.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
1,518
1,455
6352358.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
2,702
2,551
6352430.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
176
171
6352460.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
8,464
8,335
6352827.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
2,457
2,357
6352903.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
2,581
2,079
6352934.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
6,394
6,163
6353035.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
8,225
8,150
6353428.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
6,909
6,642
6353560.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
7,082
6,874
6353710.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
5,226
5,029
6353899.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
35,489
26,851
6354414.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
16,939
16,472
6355005.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
12,251
12,049
6355353.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
8,952
6,265
6355727.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
2,511
2,464
6355955.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
363
346
6355976.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
884
596
6355988.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
9,497
9,190
6356205.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
1,266
1,227
6356218.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
4,512
4,002
6356384.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
9,449
8,500
6356653.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
245
238
6356687.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
5,536
5,381
6356831.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
6,316
6,114
6356954.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
1,657
1,577
6357249.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
8,261
7,681
6357416.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
1,359
1,317
6357432.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
3,574
3,445
6359467.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
71,278
49,877
6360918.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
6,790
6,613
6361045.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
2,781
2,724
6361496.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
13,054
12,533
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
53
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6361924.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
$
8,454
$
5,522
6361981.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
3,577
3,324
6362545.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
2,785
2,604
6362613.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
425
406
6362639.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
1,982
1,868
6362699.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
42,087
36,131
6363683.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
3,152
1,610
6363762.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
1,909
1,830
6363828.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
990
832
6363853.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
1,920
1,762
6363908.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
6,265
5,065
6364035.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
3,898
2,992
6364124.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
2,706
2,649
6364264.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
671
656
6364283.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
19,632
19,274
6364879.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
3,293
3,010
6364953.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
7,900
7,009
6365044.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
407
365
6365129.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
30,306
28,039
6365648.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
580
574
6365756.SQ.FTS.B,
Zero
Cpn,
7/28/24
...
57,230
43,124
6366412.SQ.FTS.B,
Zero
Cpn,
7/28/24
...
4,212
3,964
6366452.SQ.FTS.B,
Zero
Cpn,
7/29/24
...
4,767
4,304
6366503.SQ.FTS.B,
Zero
Cpn,
7/29/24
...
3,467
3,079
6366870.SQ.FTS.B,
Zero
Cpn,
7/29/24
...
723
713
6366902.SQ.FTS.B,
Zero
Cpn,
7/29/24
...
2,774
2,694
6366974.SQ.FTS.B,
Zero
Cpn,
7/29/24
...
2,077
1,970
6367021.SQ.FTS.B,
Zero
Cpn,
7/29/24
...
1,718
1,698
6367078.SQ.FTS.B,
Zero
Cpn,
7/29/24
...
1,995
1,879
6367371.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
717
696
6367506.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
2,319
2,264
6367707.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
2,273
2,174
6368120.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
2,985
2,751
6368193.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
844
812
6368239.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
1,824
1,783
6368321.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
1,196
961
6368508.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
3,515
3,463
6368614.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
1,948
1,918
6368722.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
785
769
6368752.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
923
905
6368778.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
2,619
2,585
6369186.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
986
971
6369227.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
7,276
6,860
6369458.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
38,571
37,273
6370471.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
2,572
2,414
6370729.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
3,956
3,685
6370849.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
853
770
6370882.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
2,068
2,024
6371322.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
4,057
1,720
6371417.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
1,377
1,300
6371519.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
5,667
5,521
6371707.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
2,010
1,955
6371769.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
6,125
5,960
6372028.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
4,709
4,522
6372136.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
1,883
1,809
6372222.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
31,815
30,818
6372802.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
3,140
2,977
6372856.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
1,791
1,734
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6372921.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
$
1,708
$
1,606
6372946.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
2,974
2,916
6373205.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
12,454
12,237
6373526.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
28,041
27,515
6373846.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
4,529
4,178
6373911.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
987
962
6374519.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
7,459
7,242
6374873.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
1,669
1,498
6374973.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
10,615
10,423
6375222.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
2,403
2,177
6375270.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
3,136
3,044
6375361.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
27,755
26,835
6376101.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
2,043
1,917
6376124.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
437
420
6376136.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
11,512
10,826
6376370.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
2,385
2,323
6376440.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
30,239
29,612
6378691.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
36,023
16,822
6379319.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
1,245
1,203
6379558.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
1,495
1,448
6379646.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
1,165
1,125
6379736.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
12,104
11,547
6380466.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
36,718
34,675
6381041.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
3,714
3,649
6381205.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
15,200
14,463
6381485.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
13,498
13,313
6382125.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
14,506
13,565
6382402.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
682
670
6382412.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
970
924
6382458.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
17,586
15,496
6382908.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
7,920
7,756
6383269.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
2,727
2,148
6383602.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
579
564
6383625.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
2,693
2,598
6383916.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
8,456
8,270
6384297.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
4,685
4,588
6384427.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
3,640
2,492
6384482.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
10,142
9,988
6384775.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
23,305
21,387
6385054.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
4,780
4,371
6385213.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
857
847
6385234.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
2,377
2,208
6385279.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
9,077
8,220
6385396.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
4,104
3,567
6385452.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
1,488
1,436
6385485.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
5,431
5,289
6385609.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
1,265
1,208
6385633.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
1,811
1,746
6385666.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
1,880
1,571
6385689.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
3,960
3,783
6385770.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
779
771
6385812.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
583
573
6385845.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
360
280
6385873.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
8,129
7,833
6386030.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
453
428
6386379.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
5,244
5,094
6386481.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
2,106
2,024
6386508.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
3,835
3,766
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
54
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6386625.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
$
1,180
$
1,163
6386653.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
3,120
3,049
6387091.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
3,009
2,849
6387129.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
885
863
6387200.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
9,396
9,174
6388040.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
667
631
6388059.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
2,714
2,620
6388111.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
14,565
13,665
6388413.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
18,425
15,811
6388693.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
9,618
9,331
6388925.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
960
905
6388961.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
1,778
1,711
6389106.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
2,662
2,490
6389151.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
1,855
985
6389172.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
40,411
29,607
6389644.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
2,229
2,139
6389688.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
879
856
6389705.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
4,602
4,344
6389753.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
3,312
3,198
6389871.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
2,706
2,607
6389974.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
1,355
1,314
6390012.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
4,815
4,735
6390221.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
2,640
2,591
6390336.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
5,169
5,044
6390421.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
4,027
3,865
6390489.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
6,949
6,433
6390840.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
4,036
3,059
6391017.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
3,539
3,447
6391172.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
2,233
2,043
6391321.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
4,104
3,885
6391370.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
2,967
2,800
6391644.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
3,301
3,166
6391712.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
9,951
8,061
6391857.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
3,464
3,311
6391960.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
6,893
6,558
6392166.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
5,373
5,186
6392265.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
3,103
3,021
6392377.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
6,038
5,937
6392722.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
6,920
6,784
6392812.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
11,448
11,317
6393237.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
9,648
9,177
6393406.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
47,087
33,350
6394150.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
2,255
2,204
6394237.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
2,078
1,969
6394288.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
3,779
3,634
6394386.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
816
453
6394397.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
25,780
24,332
6394860.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
8,726
8,300
6395104.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
6,128
5,898
6395219.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
1,747
1,238
6395239.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
32,302
31,674
6395806.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
17,232
16,923
6397754.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
5,993
5,517
6397884.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
2,761
2,405
6397918.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
5,441
5,341
6398071.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
3,770
3,575
6398199.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
3,355
3,254
6398429.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
3,203
3,114
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6398627.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
$
12,847
$
12,061
6399140.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
2,569
2,493
6399219.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
7,068
6,920
6399538.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
3,731
3,598
6399617.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
861
832
6399658.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
1,061
698
6399663.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
559
537
6399687.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
4,197
3,915
6399810.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
1,912
1,818
6399871.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
34,295
33,341
6400681.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
10,678
10,530
6400939.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
11,791
8,107
6401059.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
1,554
1,454
6401145.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
1,201
1,101
6401192.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
1,404
1,053
6401242.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
2,966
2,134
6401417.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
2,951
2,826
6401525.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
1,437
1,360
6401558.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
3,407
2,865
6401620.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
709
546
6401627.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
5,165
4,679
6401767.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
3,730
3,676
6401953.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
979
921
6401970.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
3,196
2,743
6402558.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
3,633
3,611
6402902.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
7,033
6,990
6403317.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
2,608
2,540
6403479.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
8,528
7,376
6403647.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
986
964
6403657.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
6,979
6,772
6403873.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
8,150
7,293
6404052.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
858
826
6404068.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
7,849
6,313
6404139.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
7,286
7,140
6404249.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
8,664
8,536
6404445.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
1,469
1,168
6404456.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
1,104
1,000
6404554.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
1,266
1,026
6404609.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
2,029
1,932
6404685.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
8,294
6,265
6404787.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
7,713
7,398
6404893.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
16,288
15,265
6405066.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
3,016
2,272
6405087.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
1,769
1,722
6405107.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
3,642
3,437
6405166.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
19,913
11,906
6405296.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
7,287
7,174
6405831.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
1,310
1,270
6405910.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
12,931
12,223
6406305.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
342
208
6406313.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
11,158
10,827
6406598.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
2,148
1,327
6406621.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
1,064
1,026
6406724.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
3,637
3,121
6406778.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
540
534
6406838.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
37,193
30,686
6407446.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
255
234
6407461.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
2,284
2,242
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
55
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6407824.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
$
539
$
482
6407848.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
12,277
11,811
6408022.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
3,293
2,837
6408129.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
3,370
3,231
6408194.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
1,689
1,593
6408336.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
8,303
7,568
6408433.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
2,603
2,534
6408489.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
1,391
1,355
6408514.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
164
163
6408523.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
11,669
10,875
6408789.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
17,988
16,517
6409097.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
8,093
7,417
6409218.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
2,311
2,192
6409279.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
3,103
3,014
6409486.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
5,715
5,558
6409813.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
1,708
1,660
6409863.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
5,769
5,464
6409932.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
7,047
5,652
6410019.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
9,780
9,578
6410247.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
8,718
8,411
6410422.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
1,946
1,837
6410466.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
4,554
3,912
6410538.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
1,142
1,122
6410566.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
2,861
2,802
6410635.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
2,785
2,627
6410702.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
8,375
6,978
6410910.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
4,137
3,980
6411053.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
3,393
3,135
6411105.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
1,448
1,423
6411150.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
5,319
4,957
6411217.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
6,151
6,069
6411484.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
8,723
8,507
6411642.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
6,283
6,131
6411768.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
765
677
6411819.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
1,243
1,016
6411826.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
1,963
1,889
6411855.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
5,740
5,587
6412032.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
3,230
3,114
6412243.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
4,254
2,488
6412321.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
5,725
5,500
6412510.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
20,470
19,728
6412978.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
1,156
1,141
6413000.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
2,914
2,624
6413035.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
7,869
7,565
6413294.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
1,133
979
6413323.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
2,455
2,409
6413396.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
1,407
1,386
6413433.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
393
370
6413440.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
1,135
1,026
6413464.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
1,230
1,160
6413606.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
7,811
7,473
6413781.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
2,169
2,119
6413892.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
2,702
2,099
6413920.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
9,106
8,857
6414098.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
3,987
2,274
6414147.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
1,668
1,628
6414183.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
6,110
5,914
6414273.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
8,857
8,361
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6414393.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
$
2,613
$
2,500
6414405.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
1,715
684
6414436.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
4,547
4,521
6417880.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
20,738
19,506
6418258.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
13,668
13,108
6418490.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
216
213
6418579.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
7,922
7,595
6418931.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
9,068
8,706
6419172.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
475
467
6419201.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
5,731
5,511
6419322.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
10,966
9,966
6419592.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
2,003
1,853
6419614.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
5,158
5,062
6419756.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
3,886
3,774
6419873.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
407
387
6419881.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
1,055
1,034
6419910.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
3,837
3,723
6420013.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
4,275
4,097
6420091.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
4,594
4,454
6420149.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
12,660
9,257
6420303.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
17,617
17,093
6420697.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
11,099
10,987
6421268.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
8,300
8,039
6421640.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
755
732
6421679.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
1,769
1,137
6421778.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
2,365
2,285
6421844.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
4,040
3,857
6422227.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
692
559
6422256.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
2,565
2,143
6422311.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
4,996
4,520
6422447.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
12,145
11,706
6422706.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
4,978
4,891
6422830.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
8,226
8,050
6422990.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
8,908
8,175
6423315.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
17,325
16,751
6423636.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
3,111
3,008
6423702.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
20,016
13,576
6424012.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
498
491
6424034.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
1,587
1,498
6424082.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
11,556
10,014
6424172.SQ.FTS.B,
Zero
Cpn,
8/18/24
...
5,691
5,590
6424267.SQ.FTS.B,
Zero
Cpn,
8/18/24
...
15,662
7,190
6424547.SQ.FTS.B,
Zero
Cpn,
8/18/24
...
802
774
6424637.SQ.FTS.B,
Zero
Cpn,
8/18/24
...
3,541
3,465
6424724.SQ.FTS.B,
Zero
Cpn,
8/18/24
...
2,437
2,350
6425149.SQ.FTS.B,
Zero
Cpn,
8/19/24
...
5,239
5,173
6425248.SQ.FTS.B,
Zero
Cpn,
8/19/24
...
11,093
8,582
6425412.SQ.FTS.B,
Zero
Cpn,
8/19/24
...
13,091
12,578
6425633.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
1,168
1,134
6425653.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
13,818
12,626
6425796.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
3,138
2,489
6425842.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
7,159
6,912
6425927.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
8,823
8,509
6426098.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
3,798
3,686
6426138.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
3,300
2,914
6426196.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
12,971
12,355
6426587.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
7,271
6,897
6426694.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
9,531
9,247
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
56
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6426793.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
$
1,088
$
646
6427081.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
740
729
6427509.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
4,804
4,463
6427748.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
3,104
2,730
6427815.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
7,918
7,666
6428249.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
11,295
8,743
6428407.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
7,388
3,216
6428491.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
9,111
8,402
6428601.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
6,663
6,543
6429149.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
5,516
5,391
6429285.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
634
623
6429349.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
9,615
9,404
6429640.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
5,813
5,407
6429702.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
3,168
3,033
6429724.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
26,547
25,218
6430068.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
10,817
10,543
6430339.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
2,073
2,028
6430423.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
5,272
4,592
6430566.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
19,059
18,019
6431063.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
967
926
6431083.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
4,815
4,631
6431315.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
3,710
3,637
6431459.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
2,720
2,593
6431582.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
2,514
2,211
6431623.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
29,673
28,675
6432607.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
42,497
40,189
6433370.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
10,780
10,428
6435221.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
5,066
4,878
6435329.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
3,823
3,254
6435408.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
15,966
15,353
6435568.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
353
323
6436173.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
5,566
5,327
6436397.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
2,295
2,086
6436495.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
29,005
18,791
6438782.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
2,684
2,484
6439279.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
1,926
1,774
6439293.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
9,740
9,492
6439475.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
2,178
2,124
6439504.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
10,131
9,924
6439719.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
14,141
13,328
6439943.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
1,119
1,087
6439961.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
3,477
2,942
6440058.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
1,973
1,912
6440069.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
5,456
4,764
6440133.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
13,926
12,579
6440404.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
4,084
3,815
6440495.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
820
802
6440508.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
1,109
908
6440533.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
11,416
11,259
6440963.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
2,347
2,174
6441111.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
1,131
1,070
6441146.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
6,844
6,691
6441255.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
2,666
2,586
6441336.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
2,671
2,628
6441443.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
6,455
6,272
6441614.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
17,258
15,687
6442083.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
2,933
2,861
6442344.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
4,814
3,621
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6442428.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
$
14,952
$
12,168
6442783.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
63,481
60,746
6443666.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
1,808
1,741
6443696.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
935
831
6443707.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
35,282
26,101
6444072.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
5,610
5,451
6444161.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
1,111
1,097
6444180.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
13,180
11,903
6444379.SQ.FTS.B,
Zero
Cpn,
8/25/24
...
1,542
1,471
6444404.SQ.FTS.B,
Zero
Cpn,
8/25/24
...
3,797
3,542
6444427.SQ.FTS.B,
Zero
Cpn,
8/25/24
...
1,734
1,608
6444455.SQ.FTS.B,
Zero
Cpn,
8/25/24
...
1,887
1,801
6444474.SQ.FTS.B,
Zero
Cpn,
8/25/24
...
22,732
21,616
6445162.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
8,839
5,638
6445387.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
2,616
2,523
6445431.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
1,839
1,799
6445475.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
1,540
1,334
6445760.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
892
883
6446004.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
2,398
2,328
6446268.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
2,531
2,449
6446399.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
5,944
5,687
6446762.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
2,239
2,205
6446898.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
2,512
2,128
6446971.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
3,509
3,415
6447179.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
2,089
1,611
6447474.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
3,935
3,209
6447640.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
2,396
2,018
6447919.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
709
665
6447940.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
2,711
2,609
6448059.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
5,826
3,919
6448205.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
10,164
7,359
6448382.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
7,579
4,410
6448554.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
3,959
1,352
6448627.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
1,934
1,690
6448675.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
16,716
16,174
6449096.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
2,181
2,162
6449218.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
2,784
2,415
6449390.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
687
664
6449422.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
1,690
1,125
6449480.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
34,815
31,923
6450169.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
1,140
1,132
6450278.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
404
396
6450293.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
1,626
1,554
6450376.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
13,743
13,060
6450774.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
2,000
1,907
6450848.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
291
280
6450862.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
5,459
5,249
6450991.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
1,882
1,829
6451099.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
1,678
1,640
6451120.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
1,907
1,851
6451161.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
22,922
22,415
6451622.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
3,283
3,141
6451690.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
3,244
3,125
6451773.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
15,409
14,743
6452048.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
1,244
1,235
6452135.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
7,602
7,483
6452425.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
1,500
1,424
6452451.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
5,041
4,866
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
57
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6452582.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
$
2,678
$
2,600
6452618.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
6,559
6,451
6452758.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
7,771
7,393
6452841.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
56,610
54,993
6453876.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
9,484
9,157
6453977.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
3,241
3,091
6454032.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
134
133
6454041.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
1,477
1,052
6454278.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
535
524
6454295.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
6,237
6,062
6454361.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
5,584
5,470
6454507.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
19,263
18,726
6455408.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
5,831
5,632
6457374.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
4,853
3,503
6457423.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
28,148
27,615
6457946.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
32,228
29,462
6458517.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
2,457
2,411
6458609.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
3,210
3,091
6458653.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
15,763
15,336
6459039.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
2,071
2,016
6459072.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
4,449
4,375
6460018.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
3,205
1,826
6460067.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
2,695
2,543
6460315.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
3,524
3,474
6460506.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
1,157
1,127
6460528.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
2,427
2,358
6460577.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
2,106
1,514
6460606.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
3,705
3,505
6460735.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
362
353
6460866.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
32,153
31,075
6461869.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
1,817
1,764
6461894.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
719
706
6461915.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
19,901
19,254
6462554.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
19,861
17,680
6462726.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
7,282
7,029
6463003.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
10,934
10,685
6463454.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
1,439
1,212
6463490.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
16,479
15,900
6463654.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
8,132
7,597
6463733.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
1,257
1,111
6463758.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
3,079
2,962
6463796.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
1,770
1,758
6463889.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
16,331
9,378
6464011.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
822
770
6464023.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
4,880
3,170
6464067.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
3,520
3,280
6464134.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
7,225
6,161
6464220.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
7,306
7,117
6464362.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
4,169
2,528
6464408.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
384
371
6464433.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
26,778
23,134
6464784.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
9,548
6,797
6464915.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
10,374
10,046
6465052.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
2,455
2,375
6465118.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
4,429
4,296
6465209.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
3,072
2,979
6465262.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
13,943
13,463
6466816.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
1,852
1,816
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6466888.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
$
3,649
$
2,674
6466953.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
8,770
8,589
6467210.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
1,495
1,433
6467263.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
248
246
6467340.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
8,165
6,034
6467579.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
2,481
2,215
6467627.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
23,175
21,226
6467915.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
3,993
3,747
6467957.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
8,172
7,552
6468063.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
1,908
1,804
6468386.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
3,690
3,599
6468495.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
2,499
2,133
6468533.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
4,436
3,918
6468636.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
10,598
5,378
6468778.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
5,380
4,745
6468933.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
1,249
1,223
6469183.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
5,189
5,011
6469492.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
7,015
5,795
6469681.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
2,053
2,022
6469888.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
5,537
4,689
6470083.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
3,045
2,765
6470176.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
10,986
10,535
6470553.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
4,664
4,487
6470745.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
3,325
3,174
6470844.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
11,457
9,621
6471008.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
557
472
6471061.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
30,517
29,496
6471840.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
4,351
4,140
6471925.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
30,990
30,221
6472588.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
1,225
1,180
6472601.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
5,696
5,471
6472637.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
7,567
6,927
6472795.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
9,602
7,435
6472869.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
1,181
1,144
6472874.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
9,209
7,187
6472974.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
9,293
8,861
6473176.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
4,521
4,327
6473393.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
2,295
2,213
6473478.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
1,298
1,252
6473565.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
940
890
6473660.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
403
391
6473680.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
1,240
1,226
6473791.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
481
452
6473813.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
25,309
23,040
6475823.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
3,567
3,464
6477767.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
5,135
4,981
6477840.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
3,007
2,550
6477864.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
12,139
11,960
6478345.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
616
597
6478362.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
4,645
4,574
6478752.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
3,277
2,165
6478840.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
1,938
1,891
6478924.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
3,102
3,023
6479042.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
901
881
6479093.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
2,253
1,970
6479204.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
3,099
3,025
6479396.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
3,839
3,667
6479532.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
7,669
7,365
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
58
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6479709.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
$
3,612
$
3,488
6479758.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
4,855
4,561
6479835.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
566
517
6479843.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
14,804
7,076
6480002.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
5,577
5,457
6480086.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
235
233
6480105.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
6,464
6,337
6480583.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
3,887
3,524
6480811.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
4,955
4,771
6481451.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
29,375
27,791
6482433.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
7,976
7,655
6482688.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
1,825
1,752
6482763.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
6,046
4,844
6482925.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
7,929
7,464
6483172.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
7,232
6,258
6483301.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
2,459
1,560
6483344.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
9,057
8,794
6483587.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
14,657
13,571
6483765.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
2,460
2,389
6483803.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
2,978
2,843
6483827.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
1,717
1,649
6483849.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
19,342
16,556
6484119.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
15,523
15,084
6484438.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
2,225
2,027
6484471.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
6,532
6,243
6484618.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
6,261
5,930
6484688.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
3,273
2,997
6484730.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
30,397
28,380
6485016.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
19,179
9,475
6485138.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
4,585
4,254
6485184.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
881
863
6485200.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
6,526
4,525
6485262.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
3,375
3,251
6485310.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
3,073
2,993
6485387.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
559
490
6485393.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
7,804
7,455
6485565.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
23,096
21,104
6485862.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
18,908
17,567
6486219.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
1,387
1,184
6486247.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
4,424
4,237
6486317.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
1,269
1,061
6486337.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
2,999
1,790
6486381.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
2,063
1,562
6486429.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
12,854
12,535
6486836.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
719
707
6486939.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
818
489
6486969.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
2,156
2,036
6487077.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
1,812
1,471
6487145.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
8,803
6,643
6487391.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
5,680
5,435
6487587.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
1,298
301
6487635.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
319
314
6487689.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
399
367
6487697.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
6,590
3,686
6487849.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
2,635
2,581
6487959.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
666
618
6487981.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
1,558
1,023
6488012.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
11,122
9,637
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6488324.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
$
6,239
$
5,987
6488459.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
11,564
8,479
6488723.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
5,122
4,737
6488938.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
31,023
29,614
6489464.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
2,347
2,334
6489755.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
1,463
1,378
6489884.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
5,874
5,586
6490379.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
5,307
5,230
6490633.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
6,846
6,088
6491324.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
3,806
3,689
6491434.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
1,283
1,264
6491491.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
11,118
10,848
6491762.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
792
735
6491770.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
10,665
10,301
6492050.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
1,766
1,680
6492096.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
1,652
1,618
6492133.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
2,667
2,285
6492186.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
766
680
6492212.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
11,554
5,969
6492407.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
1,104
1,083
6492471.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
16,851
16,223
6492759.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
713
687
6492780.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
24,246
19,561
6493113.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
6,751
6,542
6493205.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
2,775
2,619
6493279.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
43,059
41,364
6493842.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
3,497
2,972
6493919.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
3,150
3,041
6494028.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
146
141
6494041.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
2,285
2,161
6494136.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
2,157
2,073
6494237.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
14,993
14,405
6494744.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
1,372
1,341
6494843.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
15,521
12,127
6495065.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
2,882
2,179
6495121.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
1,873
1,473
6495170.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
6,796
6,624
6495247.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
876
836
6495262.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
3,664
3,331
6495762.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
5,253
5,077
6495835.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
3,598
3,483
6495901.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
45,328
42,159
6496439.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
4,108
3,854
6496646.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
1,639
1,614
6496704.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
2,894
2,808
6496776.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
8,208
8,062
6496902.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
9,893
7,925
6497094.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
3,300
2,242
6497150.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
22,111
21,603
6499048.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
10,917
9,806
6499196.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
9,644
9,265
6499389.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
8,022
5,804
6499544.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
8,326
8,097
6499971.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
1,621
1,573
6499996.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
1,668
1,638
6500081.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
18,407
17,465
6500592.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
969
957
6500681.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
3,902
3,840
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
59
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6500866.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
$
6,270
$
5,097
6500985.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
6,583
6,433
6501171.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
9,217
8,883
6501401.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
23,934
22,545
6502338.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
19,661
18,652
6502591.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
7,543
7,413
6502829.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
589
384
6502832.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
1,378
1,245
6502874.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
3,105
3,001
6502939.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
5,441
5,218
6503073.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
7,195
7,059
6503716.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
3,766
3,713
6503847.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
15,727
14,696
6504092.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
12,015
11,521
6504270.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
3,886
3,617
6504395.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
518
514
6504422.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
6,503
6,251
6504551.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
12,428
11,923
6504715.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
6,628
6,216
6504890.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
1,098
1,090
6505264.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
2,004
677
6505309.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
2,846
2,801
6505368.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
4,345
4,034
6505487.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
13,368
13,066
6505683.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
6,169
5,818
6505793.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
2,242
1,533
6505809.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
565
557
6505823.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
6,601
6,166
6506022.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
1,892
1,810
6506138.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
9,851
8,887
6506265.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
5,085
4,914
6506338.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
9,036
8,832
6506509.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
595
526
6506517.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
3,216
3,106
6506690.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
10,919
9,867
6506830.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
2,233
2,119
6506887.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
6,297
6,114
6506952.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
12,014
11,704
6507647.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
4,835
4,679
6507835.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,339
657
6507929.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,179
1,145
6508048.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
5,689
5,516
6508171.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
17,986
15,310
6508452.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
390
382
6508469.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
2,771
2,646
6508778.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,197
1,113
6508799.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,919
1,859
6508841.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
857
843
6508942.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
5,163
4,852
6509053.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
3,537
3,472
6509144.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
10,555
10,400
6509397.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
2,326
2,212
6509458.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
250
241
6509479.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,507
1,447
6509505.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
3,740
3,668
6509569.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
3,453
3,083
6509694.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,893
1,834
6509738.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,704
1,254
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6509756.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
$
5,031
$
4,725
6509840.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,242
1,194
6509861.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
916
895
6509896.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,679
1,653
6509952.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
8,831
8,624
6510179.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
24,604
13,426
6510418.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
6,415
4,625
6510608.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
7,661
7,399
6510705.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
3,102
2,980
6510863.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
16,614
14,685
6511193.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
1,791
1,730
6511230.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
2,224
2,153
6511300.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
5,646
5,202
6511415.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
6,195
4,286
6511559.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
7,431
7,087
6511726.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
1,509
1,442
6511759.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
1,298
1,253
6511808.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
17,890
17,456
6512222.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
2,851
2,461
6512323.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
13,421
12,921
6512589.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
12,688
11,398
6512730.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
13,479
12,779
6512922.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
14,671
13,934
6513165.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
7,281
7,055
6513378.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
27,398
25,812
6513835.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
6,473
6,321
6513909.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
6,015
5,753
6513960.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
4,525
4,386
6514008.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
1,967
1,885
6514021.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
8,865
6,513
6514121.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
2,099
1,851
6514208.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
8,655
8,271
6514372.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
3,649
3,119
6514565.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
1,126
1,103
6514608.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
6,523
6,377
6514892.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
3,313
3,195
6514949.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
6,763
6,411
6515070.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
873
856
6515114.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
1,059
1,032
6515238.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
1,029
720
6515251.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
699
685
6515275.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
1,277
1,253
6515308.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
4,838
4,682
6515558.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
19,985
19,003
6515705.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
17,900
17,717
6516032.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
39,662
37,377
6516655.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
2,356
2,217
6516690.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
2,086
2,011
6516725.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
5,450
4,822
6516766.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
1,094
1,067
6516785.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
2,568
2,479
6516858.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
487
480
6516868.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
6,155
5,834
6516901.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
3,626
2,964
6516931.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
5,944
5,584
6516978.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
1,944
1,914
6516997.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
2,107
1,411
6517017.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
2,207
2,155
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
60
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6518769.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
$
5,638
$
5,230
6518875.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
10,287
9,623
6519045.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
845
591
6519064.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
3,779
3,608
6519155.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
3,919
3,801
6519286.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
1,391
787
6519301.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
5,484
5,055
6519513.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
5,126
3,994
6519669.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
2,019
1,800
6519764.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
1,914
1,856
6519830.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
1,859
1,765
6520101.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
659
564
6520131.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
13,331
10,044
6520367.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
5,928
5,692
6520448.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
5,549
5,369
6520552.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
23,794
22,858
6520875.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
2,980
2,802
6520983.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
6,942
6,637
6521195.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
1,653
1,622
6521243.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
4,362
3,939
6521314.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
8,457
8,131
6521453.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
15,533
14,363
6521642.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
6,202
6,010
6521795.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
17,055
16,470
6522220.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
13,617
13,323
6522466.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
3,801
3,207
6522541.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
1,541
1,490
6522670.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
11,540
10,858
6523018.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
16,454
15,781
6523451.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
18,381
17,297
6523872.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
921
841
6523892.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
1,619
1,399
6523935.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
1,567
1,537
6523985.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
3,783
3,647
6524095.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
16,316
14,726
6524312.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
1,907
1,847
6524530.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
26,751
26,200
6524998.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
1,126
1,045
6525021.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
8,518
5,121
6525114.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
2,509
2,447
6525132.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
1,048
859
6525155.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
8,091
7,667
6525421.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
580
379
6525438.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
694
655
6525510.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
1,009
993
6525524.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
1,086
1,073
6525603.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
4,226
4,085
6525621.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
1,522
1,418
6525663.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
2,413
2,245
6525698.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
1,647
1,626
6525729.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
2,470
2,421
6525772.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
5,303
4,665
6525840.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
1,828
1,777
6525874.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
13,925
12,870
6526020.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
2,789
2,719
6526050.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
336
325
6526070.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
5,473
5,053
6526134.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
566
543
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6526162.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
$
1,754
$
1,700
6526180.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
1,259
1,136
6526192.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
429
378
6526196.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
342
319
6526239.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
17,164
16,702
6526477.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
1,428
891
6526493.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
1,269
1,107
6526509.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
3,010
2,914
6526542.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
13,721
11,043
6526649.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
7,071
6,856
6526727.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
768
519
6526731.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
2,611
2,291
6526766.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
5,422
5,347
6526856.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
3,082
2,087
6527010.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
1,417
778
6527022.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
3,676
3,415
6527252.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
2,062
1,931
6527322.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
1,457
1,396
6527420.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
8,922
8,472
6527741.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
6,796
6,359
6527951.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
9,106
8,897
6528195.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
6,408
6,152
6528332.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
9,682
9,024
6528593.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
3,801
3,665
6528654.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
3,041
2,933
6528685.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
12,088
11,145
6528883.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
6,395
5,395
6528987.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
1,775
1,702
6529012.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
7,119
6,754
6529157.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
3,033
2,913
6529197.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
2,520
2,417
6529240.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
9,833
9,249
6529369.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
2,273
2,244
6529506.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
1,628
1,325
6529515.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
9,830
8,140
6529613.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
12,218
11,688
6529930.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
528
515
6530827.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
37,757
36,435
6531669.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
661
601
6531686.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
3,403
3,308
6531847.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
5,837
5,668
6531978.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
4,501
4,336
6532099.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
5,140
4,997
6532434.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
12,173
11,415
6532568.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
3,510
3,417
6532694.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
4,685
4,018
6532858.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
5,158
4,971
6532955.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
8,972
8,772
6533109.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
3,955
3,867
6533237.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
5,352
5,018
6533285.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
5,497
5,456
6533589.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
591
568
6533643.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
5,817
5,458
6533721.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
585
575
6533762.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
2,988
2,929
6533795.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
521
515
6533807.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
1,422
1,233
6533833.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
5,735
5,583
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
61
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6533974.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
$
924
$
795
6533996.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
12,394
12,191
6534157.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
4,481
4,203
6534197.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
730
671
6534255.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
284
281
6534277.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
40,117
38,868
6535332.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
2,055
1,619
6535364.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
14,424
13,381
6535616.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
1,966
1,719
6535641.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
2,129
2,044
6536231.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
4,722
4,601
6536352.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
14,287
14,046
6536590.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
5,939
5,667
6536665.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
409
265
6536733.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
25,953
25,495
6537306.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
2,577
2,479
6537336.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
3,019
2,908
6537417.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
3,625
3,421
6537471.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
6,153
6,076
6537646.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
9,406
8,939
6537783.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
8,084
7,469
6537839.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
7,900
7,712
6537901.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
14,256
13,354
6539808.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
14,980
14,260
6540169.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
349
322
6540177.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
1,089
1,025
6540251.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
5,381
5,152
6540528.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
9,290
8,569
6540805.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
646
625
6541091.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
4,256
4,031
6541337.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
30,668
29,631
6542030.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
17,651
16,966
6542573.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
46,358
44,548
6543152.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
1,117
735
6543240.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
36,345
34,710
6544544.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
3,009
2,928
6544612.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
3,986
3,828
6544718.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
2,410
2,368
6544848.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
3,248
3,151
6545000.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
971
952
6545018.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
7,927
7,650
6545177.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
29,796
29,197
6545807.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
6,169
5,379
6545947.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
11,716
11,459
6546231.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
4,069
3,546
6546312.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
16,554
13,696
6546561.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
983
963
6546599.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
1,169
1,117
6546666.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
3,588
3,456
6546881.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
3,051
2,933
6546916.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
4,795
4,236
6546981.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
3,979
3,770
6547042.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
2,772
2,737
6547102.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
1,038
1,017
6547132.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
8,859
8,663
6547288.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
5,119
5,016
6547379.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
6,241
5,834
6547450.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
2,920
2,641
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6547481.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
$
4,461
$
4,304
6547547.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
695
689
6547586.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
947
808
6547604.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
24,573
24,004
6547951.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
860
835
6547967.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
864
857
6548052.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
2,782
2,626
6548112.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
4,212
4,072
6548169.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
446
438
6548187.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
1,218
1,168
6548202.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
2,098
2,056
6548463.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
4,208
3,995
6548568.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
8,312
8,022
6548857.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
1,323
1,286
6548912.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
9,405
9,213
6549315.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
1,446
1,352
6549336.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
9,187
8,853
6549544.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
1,677
1,564
6549559.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
596
584
6549597.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
1,136
1,097
6549643.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
935
867
6549671.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
7,036
6,828
6549985.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
556
484
6550072.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
6,675
6,394
6550183.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
1,014
981
6550263.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
5,099
4,558
6550356.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
4,537
4,344
6550403.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
6,157
5,455
6550460.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
4,960
4,862
6550689.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
10,712
6,078
6550798.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
464
451
6550814.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
5,263
4,203
6550914.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
7,210
6,983
6551208.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
14,815
14,335
6551421.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
11,683
7,155
6551528.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
9,953
9,419
6551701.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
2,414
2,150
6551813.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
3,981
3,811
6551948.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
2,423
2,355
6551997.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
6,074
5,955
6552128.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,196
1,157
6552142.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
8,826
8,495
6552251.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
686
660
6552263.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,538
1,516
6552296.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
598
582
6552432.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
876
367
6552468.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,815
1,762
6552507.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
2,129
2,064
6552610.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
60
59
6552648.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
5,611
5,158
6552740.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,214
1,180
6552779.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
2,516
1,685
6552823.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
4,982
4,354
6552931.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
12,272
11,759
6553212.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
8,658
7,550
6553291.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
19,732
19,453
6553682.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,713
1,649
6553746.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,445
1,424
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
62
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6553779.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
$
1,384
$
1,353
6553822.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
691
681
6553839.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,562
1,548
6553889.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,522
1,507
6553971.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
2,441
2,376
6554013.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
8,578
7,949
6554172.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,103
978
6554182.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
3,846
2,504
6554223.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
619
560
6554237.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
14,118
13,234
6554530.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
14,374
13,753
6554887.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,505
1,397
6554904.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
11,593
10,975
6555048.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
3,929
3,816
6555069.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
35,479
34,278
6555384.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
986
897
6555404.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
8,176
7,915
6555512.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
4,819
4,487
6555631.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
290
271
6555651.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
6,317
5,904
6555809.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
2,110
2,059
6555898.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
1,618
1,539
6555961.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
3,211
3,113
6556061.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
1,096
985
6556092.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
5,850
5,677
6556197.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
538
527
6556234.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
8,206
7,726
6556350.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
4,156
3,994
6556423.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
4,636
4,399
6556561.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
41,593
40,426
6557433.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
736
707
6557456.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
10,453
9,451
6557661.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
9,729
8,951
6557802.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
1,557
1,514
6557827.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
26,802
26,162
6559548.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,362
1,095
6559680.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
8,331
8,155
6559837.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
3,735
3,453
6559998.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
259
255
6560096.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,171
964
6560133.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,873
1,833
6560216.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
8,383
8,108
6560501.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
655
640
6560556.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,282
872
6560566.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
6,220
6,000
6560718.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
3,126
3,002
6560794.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
18,108
17,409
6561367.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
9,139
8,431
6561534.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
3,420
3,200
6561632.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,054
1,025
6561666.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
405
384
6561685.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,903
1,801
6561726.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,760
1,606
6561851.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,669
1,608
6561905.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
2,280
2,197
6561946.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
12,096
9,344
6562144.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
2,882
2,779
6562223.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
5,849
4,159
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6562377.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
$
9,807
$
8,672
6562511.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
3,102
3,015
6562625.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
8,068
7,981
6563045.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
282
269
6563085.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
8,071
8,005
6563707.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
4,606
4,446
6563830.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
5,265
5,153
6564022.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
6,031
5,948
6564281.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
6,411
6,088
6564407.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
1,339
1,292
6564446.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
9,819
8,855
6564615.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
51,462
48,406
6565305.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
13,589
13,115
6565581.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
6,208
6,012
6565683.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
146
144
6565688.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
6,140
4,477
6565784.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
5,053
4,941
6565853.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
7,098
6,959
6566055.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
10,408
9,970
6566173.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
3,208
3,065
6566218.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
1,111
906
6566230.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
1,411
1,259
6566249.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
2,482
2,406
6566270.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
1,911
1,812
6566309.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
2,202
2,111
6566330.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
4,306
3,972
6566378.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
1,861
1,805
6566401.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
1,967
1,853
6566431.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
8,412
8,136
6566541.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
1,984
1,932
6566563.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
1,027
996
6566576.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
15,072
13,164
6566732.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
2,786
2,747
6566782.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
595
574
6566797.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
1,059
1,003
6566804.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
2,013
1,857
6566829.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
5,496
5,317
6566878.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
2,245
1,826
6566900.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
2,706
2,590
6566932.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
1,294
1,282
6567114.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
1,756
1,210
6567137.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
8,435
7,786
6567230.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
363
337
6567237.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
18,447
16,855
6567416.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
6,482
6,102
6567620.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
3,631
3,516
6567779.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
5,256
4,988
6567996.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
972
926
6568019.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
2,365
2,289
6568099.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
7,976
7,725
6568362.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
4,013
3,696
6568423.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
10,694
9,910
6568668.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
958
941
6568686.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
14,230
11,996
6568971.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,904
1,840
6569001.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
2,657
2,630
6569065.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
9,973
9,705
6569241.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
3,435
3,347
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
63
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6569303.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
$
405
$
366
6569324.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
27,837
27,242
6569746.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
29,975
22,585
6570147.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,938
1,870
6570160.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
20,001
19,634
6570553.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
6,841
5,490
6570601.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
423
403
6570604.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
4,801
4,731
6570707.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
4,226
3,882
6570734.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,911
1,645
6570746.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
16,130
15,413
6570919.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
4,728
4,572
6570986.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
9,461
9,228
6571241.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
666
635
6571288.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
146
144
6571313.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
3,439
2,980
6571387.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
1,560
1,531
6571419.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
2,065
2,003
6571478.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
2,724
2,652
6571593.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
12,634
12,027
6572066.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
5,107
4,924
6572155.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
18,626
16,327
6572722.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
5,875
5,272
6572904.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
7,769
7,037
6573078.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
19,634
18,922
6573292.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
2,826
2,793
6573424.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
7,883
7,607
6573521.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
1,253
1,189
6573531.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
5,069
4,964
6573708.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
2,897
2,255
6573774.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
7,207
7,061
6574021.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
1,441
1,413
6574042.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
3,146
2,811
6574116.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
1,205
1,097
6574130.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
1,574
1,488
6574151.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
1,570
1,226
6574171.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
3,960
3,815
6574227.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
33,633
32,004
6574672.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
6,487
6,220
6575174.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
3,601
3,314
6575263.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
2,473
2,410
6575291.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
57,166
55,255
6576291.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
37,510
36,503
6576916.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
14,686
12,118
6577258.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
11,815
11,436
6577445.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
266
242
6577450.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
8,251
7,957
6577574.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
2,987
2,942
6577689.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
721
698
6577708.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
5,342
5,106
6577778.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
9,263
8,478
6577886.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
3,816
3,715
6577941.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
649
596
6577950.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
6,756
6,570
6578011.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
1,614
1,490
6578017.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
4,629
4,549
6579828.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
7,058
6,813
6579993.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
3,524
3,360
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6580056.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
$
3,890
$
3,820
6580156.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
8,914
7,315
6580331.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
4,646
4,442
6580517.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
3,766
3,629
6580594.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
4,705
4,367
6580695.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
18,779
18,191
6581129.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
4,064
3,897
6581222.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
797
726
6581234.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
851
713
6581252.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
3,141
3,095
6581382.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
4,326
4,129
6581418.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
836
827
6581507.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
3,370
3,275
6581595.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
20,234
19,386
6581927.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
7,562
7,288
6582053.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
28,037
27,005
6582526.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
3,185
1,880
6582560.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
4,689
3,874
6582618.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
4,971
4,753
6582657.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
361
354
6582691.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
62,934
52,663
6583415.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
2,737
2,682
6583567.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
17,423
16,973
6584142.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
523
484
6584221.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
5,713
5,476
6584335.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
876
755
6584354.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
14,221
12,674
6584551.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
1,192
1,170
6584584.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
2,572
2,339
6584614.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
3,090
3,024
6584701.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
16,437
15,849
6584979.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
21,891
20,973
6585355.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
5,277
5,166
6585396.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
1,603
1,568
6585418.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
12,330
11,708
6585683.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
5,901
5,465
6585824.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
2,518
2,143
6585859.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
3,039
2,947
6585939.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
1,606
1,571
6585989.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
59,887
58,070
6586582.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
2,857
2,549
6586640.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
1,372
1,324
6586659.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
2,519
2,390
6586692.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
1,643
1,594
6586702.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
13,584
11,308
6586838.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
3,750
3,642
6586889.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
1,036
1,008
6586899.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
3,906
3,435
6586939.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
1,326
1,294
6586950.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
12,431
10,701
6587060.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
8,677
8,390
6587169.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
9,350
7,823
6587248.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
1,019
661
6587255.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
3,026
2,945
6587293.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
6,911
6,700
6587383.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
559
539
6587400.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
637
616
6587407.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
4,437
4,208
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
64
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6587513.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
$
4,138
$
3,961
6587551.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
8,365
7,984
6587639.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
14,972
14,628
6587829.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
2,644
2,443
6587857.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
1,009
980
6587871.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
2,521
2,428
6587905.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
2,937
2,886
6587941.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
1,994
1,914
6588177.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
1,603
1,584
6588213.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
378
369
6588219.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
2,015
1,907
6588322.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
780
766
6588338.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
9,800
9,116
6588601.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
12,722
12,136
6588929.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
831
795
6588941.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
15,841
15,217
6589164.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
10,473
10,202
6589334.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
16,678
16,087
6589629.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
2,484
2,383
6589674.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
19,877
19,278
6589887.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
37,440
31,995
6590308.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
682
657
6590318.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
4,369
4,316
6590389.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
2,530
2,449
6590435.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
320
316
6590442.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
10,462
8,197
6590561.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
10,302
9,575
6590671.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
6,845
6,631
6590770.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
4,910
4,836
6590879.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
32,565
31,176
6591265.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
1,601
1,491
6591293.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
3,441
3,214
6591440.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
2,703
2,671
6591580.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
7,834
7,587
6591733.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
2,020
1,872
6591780.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
8,744
8,426
6591946.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
17,181
14,932
6592268.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
683
623
6592285.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
11,204
11,044
6592595.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
8,812
8,498
6592742.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
4,574
4,472
6592821.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
23,835
20,415
6593140.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
3,391
3,305
6593307.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
19,751
18,868
6593557.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
63,373
61,593
6594291.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
7,393
6,666
6594349.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
1,544
1,515
6594369.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
1,603
1,546
6594381.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
2,064
1,998
6594394.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
13,979
10,120
6594512.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
15,064
14,598
6594525.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
753
733
6594588.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
2,282
2,236
6594650.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
2,004
1,949
6594726.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
6,732
6,577
6594855.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
6,814
6,747
6595284.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
5,346
5,131
6595434.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
183
180
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6595445.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
$
811
$
804
6595480.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
10,534
10,179
6595631.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
1,081
1,046
6595699.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
10,288
9,770
6595866.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
3,401
3,257
6595929.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
4,914
4,749
6596021.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
2,199
2,117
6596053.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
795
770
6596074.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
1,828
1,755
6596096.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
2,107
2,069
6596107.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
3,467
3,214
6596218.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
56,986
54,371
6596797.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
15,184
14,739
6596989.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
356
345
6596999.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
2,941
2,887
6597102.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
412
398
6597108.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
2,002
1,981
6598676.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
1,701
1,580
6598755.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
313
301
6598771.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
1,716
1,685
6598822.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
4,766
3,594
6598899.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
6,983
6,456
6599059.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
1,890
1,764
6599158.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
2,139
2,095
6599296.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
1,306
1,270
6599318.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
4,576
4,438
6599432.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
494
486
6599454.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
10,154
8,615
6599686.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
2,696
2,585
6599731.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
19,566
19,096
6600248.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
20,842
19,965
6600579.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
1,926
1,846
6600609.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
2,273
2,222
6600642.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
584
576
6600675.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
1,542
1,408
6600732.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
1,659
1,591
6600754.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
2,570
2,423
6600797.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
6,799
6,451
6601025.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
1,579
1,529
6601067.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
9,688
9,254
6601167.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
24,980
24,099
6601613.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
3,008
2,436
6601639.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
3,363
3,190
6601677.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
5,116
4,845
6601735.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
3,795
3,694
6601754.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
1,320
1,266
6601829.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
3,081
2,905
6601863.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
30,583
29,119
6602383.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
9,245
9,011
6602634.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
2,000
1,943
6602676.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
1,112
1,082
6602728.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
598
349
6602747.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
2,750
2,698
6602803.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
4,234
4,179
6602942.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
173
171
6602960.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
6,589
6,272
6603091.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
3,058
2,976
6603177.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
143
141
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
65
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6603202.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
$
839
$
818
6603315.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
3,203
3,049
6603347.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
2,728
2,704
6603465.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
1,035
993
6603476.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
6,347
5,861
6603580.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
14,214
13,139
6603782.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
1,197
1,180
6603824.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
889
866
6603848.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
1,167
1,152
6603884.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
6,603
6,388
6603985.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
878
764
6604005.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
2,627
2,371
6604042.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
1,729
1,703
6604049.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
9,771
8,159
6604310.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
4,527
3,889
6604381.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
2,324
2,274
6604427.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
2,103
2,033
6604438.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
1,178
1,138
6604448.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
5,662
4,950
6604504.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
473
440
6604509.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
1,512
1,483
6604538.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
753
737
6604547.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
824
779
6604559.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
541
510
6604565.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
1,385
1,369
6604591.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
4,267
4,115
6604631.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
25,247
24,216
6604837.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
3,499
3,400
6604872.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
4,966
4,768
6604938.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
2,773
2,626
6604965.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
14,851
14,336
6605116.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
800
774
6605126.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
6,068
5,869
6605199.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
1,542
1,517
6605212.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
11,618
11,259
6605316.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
8,620
8,335
6605376.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
3,229
3,184
6605415.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
1,484
1,453
6605723.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
676
638
6605771.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
3,604
3,330
6605873.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
35,348
29,312
6606495.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
2,033
1,962
6606538.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
1,442
1,413
6606586.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
1,100
1,047
6606635.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
25,239
23,955
6607019.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
7,099
6,902
6607146.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
3,010
2,954
6607275.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
4,134
4,002
6607373.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
2,935
2,454
6607401.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
17,842
17,327
6607632.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
19,696
18,884
6607852.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
2,487
2,442
6607860.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
4,326
4,221
6607903.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
5,344
5,147
6607977.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
2,107
1,154
6608000.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
20,837
20,272
6608297.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
9,801
9,416
6608389.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
3,820
3,712
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6608420.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
$
5,680
$
5,593
6608464.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
27,371
26,817
6608746.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
3,361
2,210
6608828.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
43,918
38,504
6609650.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
6,085
4,282
6609737.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
2,412
2,354
6609775.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
532
528
6609785.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
10,631
10,215
6609985.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
1,307
1,235
6609998.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
9,094
8,773
6610108.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
860
841
6610119.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
2,624
2,571
6610173.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
4,256
4,071
6610210.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
1,596
1,509
6610214.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
13,143
12,690
6610450.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
7,080
6,747
6610640.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
2,780
2,332
6610657.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
10,991
10,487
6610806.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
1,576
1,517
6610843.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
4,203
3,761
6610856.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
3,277
3,184
6610883.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
7,957
7,820
6610999.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
18,414
17,095
6611194.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
4,245
4,052
6611284.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
7,016
6,700
6611358.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
5,870
4,088
6611585.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
5,349
4,615
6611828.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
3,599
2,903
6611891.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
9,639
8,143
6612030.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
6,715
6,594
6612221.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
12,969
12,487
6612633.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
456
420
6612642.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
3,446
3,383
6612752.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
19,900
19,183
6613127.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
11,395
11,069
6613369.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
18,200
17,482
6613970.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
1,849
1,768
6613985.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
18,957
18,662
6614501.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
6,250
5,827
6614660.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
11,985
10,827
6614846.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
2,371
2,298
6614889.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
951
915
6614901.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
1,158
1,115
6614956.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
3,287
3,163
6616864.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
3,036
2,960
6617137.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
3,858
3,800
6617184.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
984
713
6617190.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
2,721
2,630
6617223.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
2,510
2,405
6617253.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
1,189
1,113
6617263.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
11,804
10,913
6617678.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
18,787
18,126
6618229.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
1,646
1,230
6618290.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
1,238
1,195
6618344.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
5,251
5,084
6618529.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
3,011
2,371
6618606.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
3,327
3,239
6618643.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
224
222
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
66
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6618662.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
$
2,994
$
2,869
6618726.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
3,710
3,611
6618746.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
6,822
6,601
6618906.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
3,402
3,336
6618946.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
1,370
1,278
6619009.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
40,502
36,112
6619910.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
2,200
1,134
6619927.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
1,850
1,674
6620017.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
8,748
8,475
6620150.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
669
640
6620171.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
3,009
2,883
6620227.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
29,945
22,211
6620476.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
22,022
20,189
6620888.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
19,756
18,996
6621383.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
2,042
2,015
6621448.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
18,471
15,739
6621778.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
4,795
3,060
6621823.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
7,186
6,919
6621885.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
7,375
7,271
6622228.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
9,788
9,321
6622344.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
5,256
5,086
6622400.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
2,277
2,094
6622414.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
12,101
11,791
6622589.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
9,955
9,630
6622798.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
36,105
34,989
6623392.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
4,249
4,120
6623475.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
32,407
30,661
6623967.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
5,160
5,040
6624085.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
777
762
6624120.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
14,421
13,876
6624332.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
2,628
2,162
6624366.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
3,041
2,874
6624393.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
1,086
1,045
6624401.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
31,462
30,162
6624765.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
7,061
5,560
6624842.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
1,291
1,145
6624855.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
965
609
6624868.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
2,563
1,624
6624896.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
12,241
11,451
6625023.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
3,210
3,099
6625073.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
6,821
6,552
6625162.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
374
351
6625170.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
1,807
1,736
6625199.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
2,252
2,020
6625228.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
1,172
1,114
6625248.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
6,633
6,385
6625354.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
3,040
2,935
6625383.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
4,424
4,203
6625433.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
8,946
8,368
6625553.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
1,808
1,593
6625572.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
342
331
6625770.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
872
849
6625809.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
3,469
3,320
6625891.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
5,436
5,190
6626076.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
8,299
8,009
6626390.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
20,139
15,913
6626818.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
15,875
15,270
6627036.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
1,465
1,409
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6627056.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
$
938
$
900
6627076.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
1,529
1,471
6627126.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
5,538
4,923
6627199.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
5,876
5,626
6627299.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
23,595
22,675
6627792.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
2,251
2,183
6627862.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
917
859
6627925.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
2,084
1,957
6627947.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
30,515
29,430
6628554.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
7,811
7,512
6628718.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
7,964
7,080
6628780.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
884
861
6628803.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
916
885
6628813.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
2,811
2,717
6628859.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
3,727
3,576
6628911.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
5,286
5,105
6628985.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
6,979
6,747
6629177.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
3,245
3,099
6629279.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
515
500
6629291.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
1,169
793
6629299.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
3,856
3,720
6629371.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
357
346
6629398.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
213
209
6629409.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
5,013
4,832
6629624.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
606
581
6629667.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
3,341
3,196
6629762.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
984
952
6629774.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
9,691
9,357
6629902.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
482
461
6629968.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
113
110
6629989.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
17,354
16,716
6630463.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
7,497
5,464
6630658.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
3,208
2,854
6630713.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
2,281
2,196
6630770.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
1,675
1,583
6630786.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
1,901
1,821
6630826.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
6,652
6,409
6631000.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
6,675
6,296
6631076.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
7,797
7,497
6631176.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
5,219
5,021
6631269.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
14,017
13,497
6631472.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
3,298
2,791
6631497.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
65,113
62,771
6632572.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
7,494
5,933
6632650.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
47,970
46,130
6633115.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
8,851
8,525
6633296.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
53,122
51,220
6634331.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
823
794
6634349.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
1,263
1,212
6634481.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
3,060
2,915
6634565.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
5,141
4,947
6634644.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
37,999
36,543
6635024.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
16,396
14,245
6635192.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
42,040
40,114
6635700.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
623
402
6635707.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
7,025
6,762
6635776.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
7,618
7,222
6635842.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
5,073
4,881
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
67
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6635881.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
$
41,004
$
37,981
6637819.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
7,394
7,099
6637927.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
4,090
3,928
6638018.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
3,817
3,619
6638128.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
4,764
4,582
6638194.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
10,699
10,214
6638452.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
3,843
3,561
6638536.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
1,993
1,910
6638583.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
5,454
4,277
6638709.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
13,024
12,477
6638973.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
12,262
11,746
6639157.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
5,182
4,946
6639236.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
5,738
5,375
6639315.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
4,329
4,025
6639381.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
6,041
5,382
6639476.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
1,341
1,302
6639552.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
1,547
1,454
6639605.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
5,119
4,458
6639692.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
2,046
1,973
6639726.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
475
459
6639746.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
12,069
11,587
6639926.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
5,868
5,663
6640062.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
10,104
9,732
6640242.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
1,955
1,833
6640316.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
10,510
10,209
6640589.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
14,024
13,343
6640791.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
2,472
2,364
6640854.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
6,301
6,053
6640997.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
3,308
3,140
6641026.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
5,342
5,128
6641114.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
1,358
1,317
6641178.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
6,054
5,609
6641342.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
4,853
4,668
6641569.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
10,937
10,391
6641796.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
13,068
12,546
6642114.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
10,049
9,686
6642398.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
4,191
4,041
6642511.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
10,441
10,023
6642649.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
7,516
7,187
6642769.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
9,385
8,867
6642854.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
597
559
6643060.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
29,066
27,942
6643477.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
960
876
6643503.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
614
593
6643537.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
1,338
1,287
6643566.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
1,687
1,616
6643579.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
21,587
20,208
6643825.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
3,003
2,783
6643860.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
2,750
2,335
6643893.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
5,595
5,324
6643927.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
6,136
5,919
6643989.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
1,577
1,485
6644007.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
8,763
8,142
6644138.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
1,371
1,225
6644348.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
1,238
1,190
6644357.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
6,341
6,088
6644438.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
836
799
6644472.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
6,274
6,056
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6644579.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
$
1,109
$
1,073
6644613.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
16,377
14,614
6644729.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
1,844
1,789
6644767.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
1,813
1,749
6644786.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
2,797
2,695
6644814.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
7,618
7,249
6644874.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
3,904
3,735
6644920.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
16,424
15,476
6645096.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
4,121
3,500
6645127.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
18,132
16,981
6645286.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
2,449
2,352
6645320.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
460
447
6645324.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
614
584
6645329.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
3,135
3,024
6645363.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
2,579
2,478
6645397.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
4,011
3,684
6645465.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
2,523
2,435
6645514.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
791
756
6645517.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
488
467
6645527.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
118
114
6645540.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
5,080
4,618
6645596.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
6,931
6,631
6645672.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
27,666
26,242
6646362.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
15,936
13,282
6646745.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
1,191
1,154
6646778.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
9,084
7,744
6646941.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
3,663
3,519
6647027.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
5,381
5,206
6647159.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
24,014
23,124
6647657.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
9,646
9,117
6647810.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
1,039
911
6647826.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
2,308
2,228
6647896.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
5,720
5,369
6648008.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
6,118
5,720
6648094.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
8,292
7,258
6648165.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
1,581
1,526
6648196.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
44,608
42,541
6648697.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
9,500
9,122
6648861.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
4,092
3,946
6648905.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
583
563
6648927.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
996
970
6649085.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
5,810
5,591
6649178.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
1,666
1,591
6649195.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
4,119
3,832
6649245.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
876
847
6649272.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
957
763
6649288.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
4,438
4,242
6649384.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
8,124
7,831
6649491.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
7,102
6,801
6649665.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
5,907
5,672
6649776.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
4,434
4,078
6649867.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
11,188
10,506
6650224.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
1,067
1,018
6650257.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
2,861
2,596
6650321.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
792
763
6650343.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
16,464
15,918
6650822.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
981
949
6650854.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
20,088
15,362
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
68
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6651139.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
$
8,348
$
7,876
6651233.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
2,058
1,985
6651260.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
1,655
1,266
6651274.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
6,331
5,988
6651398.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
14,804
14,262
6651557.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
1,453
1,403
6651584.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
17,566
16,341
6651926.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
3,170
2,883
6652274.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
892
855
6652292.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
11,158
10,637
6652394.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
11,816
11,377
6652601.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
7,454
7,227
6652753.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
62,376
59,918
6652918.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
2,869
2,604
6652994.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
24,086
23,026
6653616.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
5,090
4,945
6653861.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
5,580
4,889
6653991.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
2,102
2,016
6654040.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
1,760
1,691
6654078.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
1,851
1,784
6654097.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
10,594
10,167
6654293.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
2,653
2,561
6654337.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
6,524
6,327
6654539.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
587
561
6654563.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
434
421
6654599.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
465
450
6654619.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
1,232
1,165
6654641.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
1,359
1,297
6654688.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
7,130
6,854
6654817.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
4,068
3,816
6654878.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
3,323
3,015
6654933.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
884
831
6654951.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
5,537
5,326
6655024.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
2,011
1,936
6655077.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
2,666
2,534
6655127.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
6,340
5,979
6655267.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
8,819
7,535
6655390.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
7,328
6,984
6655502.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
16,883
16,131
6655776.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
8,873
8,523
6655867.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
3,972
3,774
6655938.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
4,200
4,046
6657751.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
5,167
4,943
6657919.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
5,675
5,413
6658065.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
3,574
3,387
6658175.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
22,567
21,481
6658794.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
22,175
20,957
6659284.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
10,534
10,077
6659487.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
8,570
8,264
6659674.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
4,714
4,525
6659749.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
5,716
5,382
6659813.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
5,065
4,851
6659900.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
9,657
9,284
6660080.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
8,322
7,452
6660190.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
11,404
10,976
6660435.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
1,766
1,703
6660458.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
735
710
6660467.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
2,547
2,434
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6660510.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
$
3,562
$
3,422
6660557.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
25,620
22,942
6660924.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
721
700
6660956.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
2,337
2,244
6660996.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
1,553
1,501
6661074.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
1,106
1,060
6661097.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
3,585
3,361
6661156.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
595
572
6661188.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
15,226
14,446
6661525.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
1,866
1,720
6661552.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
912
701
6661574.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
12,705
12,153
6661855.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
1,673
1,616
6661884.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
13,512
9,590
6662139.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
870
846
6662226.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
3,039
2,926
6662282.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
3,312
3,160
6662349.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
1,356
1,307
6662406.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
8,369
6,765
6662592.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
22,181
19,453
6662990.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
7,926
6,115
6663138.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
44,894
42,870
6663974.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
4,285
4,120
6664028.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
3,974
3,784
6664075.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
2,211
2,122
6664112.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
4,760
4,469
6664184.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
3,738
3,499
6664238.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
4,189
2,812
6664316.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
6,412
5,815
6664467.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
26,404
25,278
6664752.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
10,785
10,167
6664859.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
8,859
8,469
6664982.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
868
821
6664993.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
1,322
1,273
6665002.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
1,056
1,018
6665012.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
4,696
4,484
6665054.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
7,476
6,705
6665113.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
5,107
4,901
6665163.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
9,230
8,892
6665290.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
1,974
1,656
6665312.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
1,779
1,527
6665328.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
9,066
8,717
6665466.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
1,653
1,598
6665533.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
532
522
6665546.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
819
786
6665567.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
5,946
5,705
6665616.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
2,209
2,052
6665646.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
12,896
12,362
6665786.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
35,715
33,501
6666097.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
1,846
1,747
6666123.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
3,494
3,354
6666385.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
1,589
1,469
6666403.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
2,407
2,313
6666432.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
4,450
4,175
6666551.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
12,934
12,413
6666933.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
797
765
6666962.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
6,705
6,241
6667102.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
2,350
2,208
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
69
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6667151.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
$
9,983
$
9,576
6667489.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
8,468
8,156
6667699.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
5,998
5,611
6667791.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
2,661
2,577
6667860.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
5,144
4,937
6667926.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
4,424
3,724
6668002.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
1,356
1,277
6668020.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
20,099
18,709
6668201.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
9,908
9,455
6668360.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
15,799
15,200
6668612.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
7,703
5,851
6668712.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
3,868
3,749
6668825.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
695
670
6668833.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
5,764
5,416
6668920.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
3,220
3,083
6668965.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
10,911
10,155
6669089.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
5,006
4,411
6669152.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
26,440
23,722
6669425.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
2,525
2,428
6669458.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
1,512
1,454
6669469.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
3,120
2,919
6669501.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
704
683
6669517.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
45,787
44,198
6670027.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
30,678
28,357
6671088.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
2,650
2,546
6671137.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
6,605
6,196
6671255.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
2,154
2,021
6671295.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
1,992
1,860
6671506.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
3,600
3,416
6671607.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
3,646
3,476
6671669.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
1,836
1,758
6671681.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
2,365
2,277
6671708.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
4,475
4,288
6671771.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
5,339
5,106
6671836.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
1,044
1,011
6671850.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
1,478
1,340
6671867.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
4,214
3,908
6672119.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
11,209
10,666
6672251.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
11,531
11,137
6672429.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
454
441
6672511.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
3,695
3,043
6672580.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
3,976
3,845
6672698.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
14,436
13,847
6672952.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
3,739
3,225
6673008.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
2,794
2,675
6673046.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
4,004
3,694
6673093.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
39,803
38,155
6673485.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
5,834
5,634
6673659.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
2,140
2,082
6673763.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
3,177
3,048
6673873.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
3,077
2,971
6673941.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
6,879
6,575
6674075.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
8,139
7,701
6674330.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
3,945
3,331
6674404.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
1,504
1,428
6674450.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
20,019
17,775
6674820.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
17,497
16,645
6675103.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
5,974
5,737
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6675193.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
$
15,494
$
14,847
6675402.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
702
681
6675442.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
1,045
966
6675447.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
3,388
3,262
6675529.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
5,238
4,711
6675580.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
1,592
1,530
6675615.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
3,263
2,757
6675629.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
16,269
15,331
6675867.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
2,527
2,429
6675922.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
10,653
10,228
6676101.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
1,504
1,444
6676124.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
6,427
6,098
6676189.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
13,107
11,069
6676369.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
1,883
1,807
6676382.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
4,963
4,191
6676435.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
4,750
4,555
6676501.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
881
855
6676531.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
1,186
906
6676546.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
667
632
6676554.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
617
590
6676560.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
1,407
965
6676580.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
523
477
6676586.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
4,334
4,156
6676632.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
16,145
14,521
6678239.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
14,037
13,373
6678614.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
13,387
12,731
6678791.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
5,546
5,120
6678923.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
806
773
6678949.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
4,632
4,470
6679167.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
6,281
6,030
6679324.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
2,809
2,423
6679364.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
7,521
7,178
6679486.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
7,327
7,063
6679618.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
685
665
6679643.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
14,936
14,179
6679972.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
488
472
6679981.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
7,432
6,941
6680126.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
3,737
3,585
6680188.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
1,522
1,445
6680201.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
1,088
1,033
6680208.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
9,119
8,571
6680294.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
10,803
9,722
6680460.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
2,794
2,693
6680532.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
25,479
23,352
6680871.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
66,609
62,808
6681653.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
2,857
2,637
6681691.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
923
838
6681781.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
6,918
6,107
6681932.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
7,090
6,833
6682115.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
1,509
1,401
6682153.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
1,614
1,497
6682212.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
4,385
4,178
6682358.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
4,286
4,032
6682471.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
7,492
7,213
6682727.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
8,826
7,805
6682865.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
1,517
1,460
6682893.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
12,772
12,030
6683196.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
1,950
1,785
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
70
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6683242.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
$
1,372
$
1,320
6683335.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
1,255
1,193
6683345.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
17,061
15,755
6683637.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
8,757
8,406
6683761.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
965
928
6683772.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
27,474
25,842
6683997.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
1,843
1,766
6684004.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
122
118
6684007.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
32,815
31,347
6684322.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
11,760
11,121
6684413.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
57,644
55,387
6685005.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
22,525
20,288
6685177.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
1,653
1,543
6685214.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
3,277
2,526
6685234.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
9,535
8,966
6685322.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
3,549
3,407
6685357.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
16,497
15,741
6685504.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
1,037
983
6685517.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
1,744
1,508
6685530.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
8,127
7,800
6685614.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
5,985
5,636
6685677.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
4,397
4,064
6685720.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
1,571
1,491
6685739.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
15,674
14,947
6685865.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
3,798
3,511
6685894.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
13,424
12,953
6686049.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
19,494
18,686
6686240.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
3,227
3,036
6686271.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
2,022
1,932
6686430.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
1,479
1,400
6686446.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
15,598
14,424
6686915.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
5,040
4,792
6687086.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
826
794
6687163.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
3,848
3,704
6687263.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
6,517
6,279
6687394.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
4,116
3,905
6687490.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
2,668
2,512
6687536.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
9,206
8,298
6687669.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
4,512
4,343
6687760.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
861
830
6687776.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
1,639
1,563
6687788.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
5,575
4,426
6687859.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
3,913
3,739
6687946.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
3,075
2,965
6688003.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
3,892
3,776
6688070.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
2,758
2,596
6688093.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
8,714
8,420
6688197.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
5,403
4,791
6688245.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
12,780
12,005
6688428.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
86,470
83,121
6689529.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
4,973
4,752
6689610.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
6,789
6,389
6689838.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
1,483
1,424
6689919.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
10,578
10,154
6690044.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
7,382
6,552
6690132.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
512
427
6690134.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
1,835
1,769
6690218.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
1,632
1,564
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6690233.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
$
3,383
$
3,003
6690293.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
10,935
10,371
6690639.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
6,815
6,533
6690762.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
2,024
1,933
6690791.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
4,230
3,823
6690847.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
1,898
1,841
6690981.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
1,529
1,464
6691020.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
11,093
10,008
6691231.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
18,422
17,682
6691441.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
8,127
7,793
6691576.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
11,133
10,579
6691756.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
9,660
8,385
6691862.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
9,394
8,925
6692057.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
7,918
7,606
6692287.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
2,168
1,988
6692346.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
1,454
1,404
6692484.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
1,665
1,591
6692580.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
87,702
83,919
6693403.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
14,680
14,071
6693705.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
24,694
23,718
6694073.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
3,193
3,087
6694439.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
1,350
1,264
6694459.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
272
263
6694473.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
3,260
3,028
6694527.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
9,979
7,783
6694630.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
11,997
11,265
6694828.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
13,523
12,924
6695048.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
2,134
2,048
6695061.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
6,518
6,194
6695134.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
2,577
2,151
6695210.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
4,844
4,642
6695303.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
1,173
1,091
6695320.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
5,219
5,008
6695400.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
3,738
3,577
6695446.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
1,045
959
6695465.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
20,205
19,306
6695723.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
8,922
7,755
6695822.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
3,762
3,592
6695889.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
6,915
6,662
6695993.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
22,588
21,566
6696188.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
9,916
8,619
6696314.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
10,061
9,663
6699668.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
1,076
1,034
6699725.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
4,896
4,596
6699794.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
10,291
8,789
6699920.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
3,595
3,445
6699959.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
6,232
5,625
6700000.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
13,251
12,763
6700242.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
10,642
10,087
6700480.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
470
432
6700488.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
8,416
7,878
6700670.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
4,187
4,011
6700766.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
3,008
2,888
6700843.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
9,817
9,319
6701036.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
2,784
2,378
6701086.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
8,834
8,480
6701218.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
7,176
6,685
6701358.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
6,518
6,248
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
71
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6701478.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
$
6,719
$
6,370
6701550.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
2,885
2,762
6701582.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
61,169
58,860
6702853.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
6,114
5,893
6702934.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
1,003
974
6702953.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
4,008
3,201
6702995.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
13,980
13,026
6703155.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
2,608
2,468
6703192.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
21,883
20,899
6703549.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
20,978
17,320
6703789.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
44,356
42,556
6704080.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
5,196
4,934
6704223.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
2,349
2,170
6704279.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
4,320
4,135
6704342.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
18,233
15,878
6704686.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
2,006
1,816
6704732.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
6,265
5,180
6704916.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
4,117
3,585
6704983.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
1,324
1,268
6705011.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
3,038
2,883
6705110.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
731
695
6705126.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
5,563
4,881
6705288.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
1,558
1,385
6705352.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
3,437
3,103
6705405.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
3,079
2,960
6705527.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
4,567
4,421
6705665.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
38,533
36,797
6706178.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
238
231
6706182.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
11,676
11,143
6706359.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
11,560
11,044
6706486.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
1,524
1,449
6706514.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
2,917
2,739
6706540.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
6,946
6,521
6706624.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
944
839
6706631.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
1,781
1,718
6706671.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
7,559
7,219
6706794.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
1,897
1,806
6706824.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
86,727
83,207
6707219.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
29,140
27,927
6707571.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
4,743
4,135
6707639.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
2,073
1,960
6707673.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
15,098
14,498
6707843.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
11,231
10,814
6709724.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
5,802
5,447
6708020.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
7,667
6,969
6708092.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
2,599
2,501
6708125.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
1,147
1,052
6708146.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
382
371
6708160.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
525
441
6708168.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
2,514
2,286
6708197.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
1,526
1,414
6708211.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
6,269
5,985
6708284.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
4,025
3,855
6708328.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
2,399
2,291
6708352.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
3,224
3,094
6708389.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
2,794
2,677
6708420.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
15,591
10,532
6708555.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
11,470
11,110
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6708789.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
$
3,023
$
2,909
6708820.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
1,652
1,120
6708840.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
29,390
28,110
6709127.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
5,880
5,538
6709170.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
563
524
6709174.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
2,670
2,572
6709200.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
3,560
3,413
6709223.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
3,716
3,087
6709253.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
12,564
10,986
6709326.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
584
562
6709332.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
3,561
3,417
6709351.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
26,518
25,419
6709562.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
2,828
2,655
6709589.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
1,334
1,292
6709605.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
5,749
5,383
6709776.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
717
687
6709784.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
12,150
11,674
6712991.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
10,407
9,941
6713122.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
4,278
3,890
6713470.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
41,347
36,896
6714247.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
4,855
4,652
6714346.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
12,149
11,707
6714711.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
22,376
21,190
6715174.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
15,999
15,200
6715440.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
1,197
1,013
6715453.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
1,262
1,157
6715463.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
13,703
12,901
6715800.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
3,095
2,981
6715898.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
38,644
36,624
6716301.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
19,404
18,539
6717863.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
5,839
5,526
6717996.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
9,838
9,402
6718091.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
3,668
3,511
6718146.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
17,467
16,766
6718717.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
10,930
10,501
6718991.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
3,193
2,960
6719031.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
534
501
6719061.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
5,350
5,123
6719151.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
14,158
13,742
6719655.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
2,632
2,477
6719670.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
12,205
11,673
6719918.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
1,581
1,526
6719961.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
5,291
4,565
6720048.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
9,235
8,139
6720259.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
2,982
2,662
6720345.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
4,595
3,833
6720381.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
7,499
7,162
6720518.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
4,320
4,132
6720555.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
6,595
6,285
6720775.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
42,737
40,941
6721305.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
31,175
29,838
6721717.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
1,125
1,068
6721745.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
22,404
21,416
6721996.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
58,635
56,220
6723412.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
7,919
6,715
6723557.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
3,967
3,807
6723630.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
3,869
3,679
6723676.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
5,712
5,446
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
72
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6723797.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
$
2,512
$
2,385
6723834.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
11,872
11,003
6724012.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
410
398
6724016.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
6,317
5,960
6724129.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
1,712
1,640
6724162.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
274
261
6724165.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
1,762
1,690
6724208.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
13,537
13,021
6724467.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
1,101
900
6724488.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
6,230
5,963
6724576.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
38,902
37,253
6725218.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
20,820
19,907
6725452.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
3,504
3,250
6725512.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
4,629
4,386
6725589.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
10,099
9,698
6725709.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
8,944
8,388
6725785.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
1,024
969
6725798.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
3,040
2,910
6725831.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
4,137
3,390
6725901.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
1,535
1,169
6725916.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
2,960
2,176
6725943.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
1,376
1,331
6725972.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
6,207
5,940
6726040.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
1,325
1,267
6726052.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
1,138
1,056
6726064.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
3,185
3,013
6726090.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
7,688
7,223
6726169.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
3,098
2,977
6726202.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
4,665
4,377
6726253.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
5,785
5,531
6726306.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
11,279
10,793
6726418.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
3,303
3,135
6726453.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
1,920
1,820
6726480.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
818
739
6726488.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
3,830
3,651
6726539.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
14,021
13,417
6727278.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
6,353
6,088
6727480.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
1,735
1,652
6727530.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
26,938
25,877
6728149.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
1,120
783
6728160.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
11,905
11,395
6728294.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
4,059
3,690
6728345.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
10,394
9,796
6728467.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
985
929
6728494.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
5,434
5,142
6728529.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
5,582
5,330
6728590.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
3,020
2,834
6728636.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
1,817
1,665
6728699.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
18,330
17,017
6728880.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
42,055
39,640
6729271.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
11,270
10,780
6729415.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
610
576
6729420.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
4,152
3,853
6729462.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
2,120
2,037
6729492.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
4,896
4,709
6729566.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
14,593
14,115
6729757.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
6,748
6,388
6729839.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
18,214
17,419
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6730082.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
$
24,994
$
23,868
6730190.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
90,758
85,805
6731412.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
3,647
3,167
6731471.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
5,539
5,257
6731578.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
11,760
10,210
6731737.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
1,302
1,213
6731758.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
40,326
38,399
6732287.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
3,684
3,523
6732344.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
54,928
52,529
6733026.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
72,879
69,689
6733804.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
3,946
3,586
6734190.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
4,245
4,022
6734242.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
5,281
5,014
6734333.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
8,924
8,560
6734506.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
5,917
5,657
6734566.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
1,003
973
6734586.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
13,694
13,136
6734806.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
2,896
2,752
6735492.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
19,889
18,475
6735778.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
1,018
922
6735799.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
15,937
15,237
6736022.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
4,057
3,806
6736067.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
10,230
9,619
6736227.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
10,479
9,906
6736438.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
953
905
6736446.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
18,583
17,611
6736828.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
47,468
41,862
6739367.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
2,095
1,849
6739424.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
6,169
5,793
6739677.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
6,120
5,860
6739849.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
9,199
8,805
6740145.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
972
733
6740161.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
999
946
6740190.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
878
796
6740221.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
13,372
12,711
6740553.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
5,002
4,799
6740665.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
621
581
6740694.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
1,179
1,130
6740727.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
7,365
7,058
6740954.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
12,602
10,652
6741176.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
1,985
1,898
6741237.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
26,405
25,098
6741712.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
9,474
9,042
6742003.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
760
743
6742040.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
3,560
3,233
6742224.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
11,873
10,478
6742416.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
4,365
4,188
6742508.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
1,695
1,580
6742544.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
4,219
4,038
6742646.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
672
626
6742656.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
6,097
5,580
6742781.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
907
831
6742798.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
12,212
11,379
6742956.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
1,648
1,563
6743021.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
13,784
13,175
6743357.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
29,648
28,346
6744112.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
1,943
1,858
6744145.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
4,314
4,183
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
73
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6744268.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
$
2,745
$
2,640
6744321.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
1,162
1,109
6744324.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
2,316
2,148
6744358.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
1,942
1,471
6744390.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
5,495
4,652
6744464.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
18,298
17,376
6744674.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
41,354
39,392
6745166.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
1,382
1,264
6745196.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
69,872
67,001
6746262.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
2,471
2,261
6746270.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
14,899
13,998
6746366.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
4,139
3,884
6746408.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
2,105
1,837
6746429.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
25,337
24,170
6746623.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
9,248
8,621
6746678.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
24,316
23,261
6746971.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
1,400
1,309
6746997.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
30,229
28,917
6747295.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
5,601
5,304
6747326.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
3,277
3,164
6747383.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
873
842
6747394.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
3,176
3,038
6747439.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
3,770
3,601
6747483.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
2,584
2,480
6747512.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
4,442
4,243
6747586.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
4,085
3,573
6747609.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
1,667
1,302
6747630.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
3,318
3,174
6747656.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
2,072
1,787
6747666.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
1,279
1,104
6747681.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
3,080
2,954
6747712.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
684
626
6747720.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
8,957
8,575
6747827.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
31,804
30,417
6748375.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
1,007
966
6748415.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
5,684
5,345
6748546.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
571
553
6748571.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
4,187
4,053
6748751.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
3,518
3,286
6748824.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
1,523
1,422
6748865.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
11,688
10,358
6749060.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
959
752
6749086.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
7,797
7,247
6749230.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
8,198
7,843
6749403.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
6,176
5,808
6749500.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
1,542
1,484
6749536.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
9,222
8,713
6749662.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
11,449
11,025
6749981.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
20,937
19,981
6750326.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
1,994
1,913
6750354.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
760
596
6750360.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
84,906
81,122
6751174.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
5,657
5,365
6751245.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
11,513
11,120
6751674.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
8,249
7,821
6751758.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
4,158
3,926
6751768.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
5,732
5,364
6752088.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
16,601
15,843
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6752447.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
$
2,542
$
2,431
6752534.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
5,462
5,239
6752687.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
7,424
7,095
6752866.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
2,475
2,233
6752882.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
22,622
21,570
6753248.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
796
766
6753268.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
11,302
10,782
6753419.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
2,058
1,919
6753451.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
5,914
5,637
6753526.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
7,520
6,857
6753678.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
33,957
32,393
6754103.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
25,723
24,577
6754423.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
2,575
2,447
6754449.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
3,305
3,138
6754482.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
43,332
40,502
6755029.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
20,023
19,090
6755294.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
12,578
11,741
6755394.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
11,160
10,728
6755681.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
6,547
6,145
6755825.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
1,085
1,053
6755877.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
1,250
1,194
6756061.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
1,171
1,093
6756095.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
9,576
9,106
6756307.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
1,733
1,642
6756336.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
10,119
9,655
6756490.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
1,834
1,750
6756522.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
1,646
1,571
6756552.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
22,234
21,076
6756857.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
13,675
13,036
6757050.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
3,253
3,099
6757096.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
4,978
4,759
6757148.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
5,515
5,273
6757187.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
6,086
5,375
6757224.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
14,818
13,908
6757467.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
31,347
29,039
6757880.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
5,241
4,980
6757994.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
4,147
3,953
6758029.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
3,973
3,769
6758077.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
4,698
4,241
6758159.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
1,494
1,088
6758170.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
2,874
2,720
6758210.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
27,863
26,738
6762017.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
925
881
6762066.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
8,985
8,356
6762304.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
8,756
8,389
6762704.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
1,101
1,061
6762735.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
3,783
3,604
6762812.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
3,719
3,541
6762927.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
1,338
1,305
6763000.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
7,911
7,597
6763217.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
1,762
1,693
6763271.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
27,759
26,705
6763957.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
19,814
18,979
6764204.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
1,233
1,152
6764205.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
6,988
6,662
6764411.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
1,225
1,142
6764422.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
1,424
1,043
6764436.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
1,044
945
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
74
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6764449.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
$
1,658
$
1,316
6764463.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
4,679
4,270
6764528.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
30,900
29,456
6764876.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
8,101
7,394
6764959.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
7,423
7,073
6765043.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
1,180
1,140
6765053.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
1,891
1,759
6765094.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
14,755
14,100
6765340.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
14,399
13,539
6765684.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
14,621
13,932
6766138.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
3,179
3,030
6766237.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
9,382
8,881
6766577.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
655
481
6766592.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
17,805
17,002
6766975.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
6,586
5,786
6767091.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
5,758
5,454
6767192.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
4,372
3,750
6767251.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
1,325
1,265
6767285.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
1,147
1,097
6767319.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
10,374
9,830
6767536.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
30,356
28,656
6767980.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
15,777
14,981
6768176.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
6,827
6,602
6768327.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
2,185
2,115
6768384.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
2,511
2,377
6768404.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
40,606
38,432
6768964.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
3,066
2,263
6769015.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
10,540
10,038
6769117.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
6,987
6,596
6769204.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
19,468
18,481
6769402.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
14,516
13,838
6769521.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
3,595
3,443
6769566.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
3,082
2,979
6769646.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
30,580
28,943
6769991.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
12,207
11,624
6770114.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
2,029
1,922
6770146.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
1,700
1,646
6770185.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
35,040
33,499
6770557.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
19,994
17,845
6770737.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
7,095
6,761
6770814.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
11,605
10,860
6770919.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
6,034
5,764
6770956.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
5,409
4,667
6771003.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
6,158
5,871
6771045.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
3,263
3,107
6771063.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
6,487
6,198
6771101.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
1,147
1,102
6771103.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
3,921
3,654
6771128.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
5,169
4,910
6771154.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
14,512
13,710
6771246.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
992
967
6771253.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
4,761
4,249
6771282.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
1,717
1,521
6771292.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
7,349
7,032
6771352.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
1,872
1,791
6771368.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
755
721
6771377.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
47,641
45,554
6772222.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
445
431
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6772234.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
$
6,689
$
6,441
6772401.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
1,951
1,846
6772439.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
7,775
7,358
6772535.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
1,867
1,784
6772581.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
23,465
22,579
6772927.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
4,936
4,722
6773022.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
5,284
5,034
6773093.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
9,615
9,175
6773231.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
2,841
2,720
6773263.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
2,473
2,387
6773287.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
4,650
4,333
6773312.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
15,083
14,468
6773462.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
1,016
978
6773472.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
802
771
6773491.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
7,902
7,548
6773596.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
10,419
10,039
6773744.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
3,894
3,628
6773785.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
2,464
2,294
6773803.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
68,547
65,572
6774297.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
2,539
2,441
6774326.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
2,649
2,305
6774338.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
29,909
28,489
6774547.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
996
951
6774557.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
2,618
2,525
6774611.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
8,205
7,465
6774656.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
2,437
2,027
6774673.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
595
575
6774678.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
8,063
7,654
6774732.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
2,074
1,960
6774743.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
29,794
28,200
6774899.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
7,631
7,182
6774941.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
7,924
7,585
6775103.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
2,838
2,605
6775149.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
3,918
3,735
6775219.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
9,505
8,919
6775397.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
922
802
6775430.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
21,466
20,512
6775724.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
872
842
6775739.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
5,712
5,444
6775795.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
728
645
6775807.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
3,634
3,220
6775842.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
7,258
6,924
6775911.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
15,489
14,533
6776022.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
3,181
3,009
6776039.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
2,118
1,870
6776046.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
934
897
6776064.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
71,664
59,753
6776736.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
814
769
6776737.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
1,645
1,571
6776741.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
21,976
20,499
6776915.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
500
473
6776929.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
4,059
3,897
6776960.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
5,667
5,408
6777013.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
2,404
2,288
6777028.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
916
880
6777037.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
2,239
2,066
6777055.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
4,008
3,875
6777137.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
714
683
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
75
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6777150.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
$
4,870
$
4,622
6777205.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
7,448
7,070
6777269.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
1,958
1,868
6777288.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
19,980
15,826
6777417.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
2,660
2,378
6777443.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
814
762
6777456.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
16,403
15,630
6777625.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
12,201
10,775
6777761.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
1,399
1,108
6777781.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
3,326
3,237
6779441.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
742
707
6779483.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
3,756
3,626
6779527.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
2,778
2,578
6779586.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
11,115
10,095
6779746.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
5,260
5,036
6779897.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
3,722
3,393
6779985.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
9,176
8,778
6780270.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
3,728
3,565
6780361.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
8,102
7,730
6780472.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
2,925
2,762
6780533.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
1,511
1,225
6780567.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
1,813
1,731
6780594.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
3,797
3,629
6780654.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
2,746
2,621
6780703.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
1,167
1,076
6780708.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
1,082
861
6780752.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
9,963
9,527
6780903.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
28,779
27,188
6781242.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
2,075
1,651
6781275.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
20,675
19,815
6781564.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
12,550
11,775
6781732.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
3,959
3,780
6781808.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
9,759
9,345
6781977.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
2,470
2,344
6782008.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
2,005
1,918
6782055.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
51,543
44,821
6782856.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
2,661
2,280
6782872.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
5,444
5,223
6783107.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
6,519
6,241
6783252.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
6,367
6,110
6783437.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
85,649
80,897
6785072.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
2,516
2,360
6785131.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
1,708
1,607
6785159.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
3,240
2,978
6785223.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
6,400
6,109
6785354.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
4,221
3,871
6785381.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
3,686
3,553
6785451.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
1,209
1,104
6785470.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
6,207
5,925
6785528.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
633
608
6785551.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
2,716
2,403
6785586.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
2,553
2,404
6785602.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
11,248
9,952
6785755.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
9,260
8,489
6785872.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
35,606
31,878
6785939.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
1,387
1,262
6785969.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
7,495
7,136
6786030.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
1,570
1,254
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6786035.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
$
2,380
$
2,247
6786052.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
20,574
19,448
6786228.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
1,032
946
6786237.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
20,516
19,630
6786435.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
12,145
11,322
6786543.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
5,523
5,238
6786592.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
13,240
12,466
6786705.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
1,222
1,168
6786721.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
13,274
12,183
6786832.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
5,912
4,546
6786902.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
8,077
7,686
6787012.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
4,837
3,872
6787060.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
3,540
3,369
6787091.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
2,662
2,513
6787128.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
22,952
21,891
6787765.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
5,872
5,611
6788021.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
1,315
1,260
6788053.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
1,812
1,707
6788087.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
2,040
1,901
6788153.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
1,879
1,791
6788204.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
3,420
3,175
6788252.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
817
788
6788285.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
3,866
3,657
6788352.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
8,122
7,595
6788423.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
14,021
13,362
6788710.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
899
875
6788752.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
809
774
6788772.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
7,475
7,138
6788879.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
826
797
6788912.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
4,747
4,227
6788972.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
346
337
6788979.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
499
474
6788984.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
32,312
30,709
6789406.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
2,237
2,009
6789434.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
2,181
2,061
6789468.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
11,916
11,429
6789753.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
11,519
10,999
6789943.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
4,136
3,979
6790015.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
6,230
5,889
6790092.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
49,125
46,744
6790849.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
5,182
4,005
6790891.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
6,356
6,083
6790976.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
29,246
27,940
6791523.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
5,101
4,846
6791588.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
5,434
5,202
6791791.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
14,110
13,498
6792005.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
11,857
11,388
6792133.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
4,500
4,276
6792201.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
19,937
18,849
6792484.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
7,433
7,014
6792601.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
175
170
6792629.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
6,951
6,686
6793520.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
6,412
6,037
6793570.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
1,475
1,370
6793584.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
14,404
13,617
6793702.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
20,013
19,190
6793937.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
996
818
6793946.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
825
768
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
76
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6793951.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
$
518
$
490
6793959.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
831
808
6793965.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
4,621
4,107
6794028.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
1,023
950
6794037.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
4,568
4,318
6794081.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
73,712
70,388
6794818.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
4,615
4,397
6794863.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
2,509
2,397
6794888.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
2,561
2,436
6794934.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
1,502
1,371
6794964.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
3,601
3,445
6795031.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
24,820
23,407
6795113.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
3,530
3,293
6795242.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
406
371
6795245.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
23,597
21,849
6795711.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
3,579
3,314
6795766.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
13,706
12,549
6795958.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
4,541
4,228
6796024.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
38,321
35,687
6796514.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,492
1,357
6796531.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
4,294
3,928
6796595.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,745
1,587
6796634.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
10,378
9,660
6796698.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,717
1,585
6796712.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,258
1,145
6796725.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
23,036
21,445
6796927.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
7,015
6,485
6796986.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
5,785
5,346
6797001.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
2,613
2,400
6797012.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,232
1,128
6797025.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
10,901
10,147
6797083.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,858
1,716
6797101.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
5,780
5,351
6797140.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
7,716
7,079
6797230.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
927
856
6797242.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
5,151
4,786
6797317.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
3,628
3,402
6797340.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
4,490
4,161
6797388.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,566
1,450
6797410.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
2,100
1,935
6797430.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
13,657
12,748
6797569.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
2,631
2,445
6797593.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
5,525
5,055
6797691.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
10,928
10,238
6797813.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
7,300
6,695
6797895.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,252
1,168
6797907.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
21,428
20,094
6798078.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
20,937
19,493
6800039.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
4,967
4,637
6800110.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
4,552
4,192
6800152.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
4,097
3,797
6800207.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
9,287
8,358
6800364.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
5,246
4,897
6800482.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
911
841
6800489.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
1,157
1,029
6800549.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
2,240
2,085
6800599.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
3,084
2,870
6800647.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
1,951
1,755
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6800673.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
$
1,216
$
1,115
6800730.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
13,041
12,221
6800956.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
47,229
44,259
6801604.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
4,031
3,726
6801649.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
3,059
2,866
6801689.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
4,201
3,936
6801737.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
13,046
12,028
6801912.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
906
825
6801920.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
2,316
2,111
6801948.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
12,168
11,399
6802055.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
9,060
8,498
6802237.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
87,279
81,033
6803130.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
9,891
9,159
6803215.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
26,130
24,295
6804678.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
1,457
1,330
6804736.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
2,921
2,702
6804772.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
933
849
6804795.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
1,220
1,138
6804813.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
1,565
1,429
6804846.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
30,966
28,895
6805352.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
4,558
4,218
6805413.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
5,921
5,481
6805465.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
6,230
5,704
6805577.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
1,946
1,795
6805630.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
2,023
1,864
6805679.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
5,597
5,196
6805763.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
12,871
11,866
6805962.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
6,811
6,295
6806067.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
1,633
1,503
6806079.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
6,554
5,976
6806254.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
2,450
2,267
6806300.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
1,003
923
6806302.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
103,548
97,013
6807842.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
797
704
6807859.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
9,380
8,792
6808038.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
5,945
5,489
6808132.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
6,892
6,400
6808192.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
4,192
3,866
6808224.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
638
594
6808231.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
12,009
11,092
6808323.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
11,947
11,063
6808392.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
1,748
1,628
6808402.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
2,731
2,504
6808422.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
2,004
1,863
6808442.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
8,654
7,980
6808496.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
1,839
1,704
6808513.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
7,175
6,648
6808575.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
4,680
4,315
6808615.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
3,974
3,664
6808655.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
1,649
1,507
6808675.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
1,620
1,483
6808699.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
3,060
2,854
6808737.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
3,392
3,135
6808773.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
4,397
4,036
6808818.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
2,007
1,793
6808845.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
4,941
4,513
6808881.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
4,418
4,092
6808922.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
3,249
3,034
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
77
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6808946.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
$
10,378
$
9,458
6809030.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
1,845
1,686
6809043.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
8,902
8,341
6809101.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
1,728
1,580
6809112.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
954
873
6809126.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
5,824
5,454
6809193.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
8,073
7,567
6809246.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
1,673
1,513
6809269.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
2,950
2,754
6809295.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
4,019
3,658
6809337.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
2,007
1,831
6809350.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
1,755
1,613
6809366.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
1,065
974
6809375.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
1,714
1,577
6809388.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
5,839
5,472
6809448.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
1,518
1,405
6809469.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
5,423
5,030
6809516.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
5,948
5,495
6809576.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
1,852
1,711
6809587.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
913
833
6809598.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
5,876
5,457
6809641.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
3,524
3,277
6809670.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
10,669
9,887
6809875.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
11,000
10,199
6810050.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
31,197
28,832
6810659.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
6,018
5,617
6810751.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
39,940
36,768
6811174.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
4,642
4,244
6811219.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
5,979
5,543
6811290.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
4,777
4,460
6811328.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
34,757
32,458
6811666.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
10,615
9,821
6811779.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
10,105
9,366
6811899.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
1,165
1,061
6811915.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
1,859
1,710
6811944.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
898
818
6811951.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
5,542
5,101
6812018.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
12,433
11,651
6812171.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
978
889
6812176.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
2,860
2,630
6812190.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
1,771
1,632
6812204.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
523
481
6812219.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
2,206
2,025
6812273.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
4,934
4,521
6812313.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
657
602
6812325.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
1,198
1,098
6812340.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
9,735
8,849
6812405.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
7,896
7,344
6812500.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
6,992
6,480
6812583.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
3,000
2,778
6812639.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
900
824
6812645.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
4,148
3,858
6812699.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
4,175
3,912
6812742.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
29,556
27,428
6812962.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
3,083
2,878
6813004.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
3,513
3,291
6813045.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
12,693
11,772
6813242.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
6,649
6,088
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6813321.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
$
10,736
$
9,825
6813428.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
3,663
3,432
6813457.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
958
892
6813464.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
1,144
1,055
6813473.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
29,674
27,519
6813713.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
9,333
8,681
6813798.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
1,552
1,426
6813827.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
6,064
5,599
6813895.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
436
395
6813899.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
12,245
11,252
6813991.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
8,476
7,817
6814279.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
1,096
993
6814316.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
21,918
20,100
6814762.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
2,112
1,971
6814783.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
4,341
4,038
6814859.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
22,544
20,797
6815184.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
2,141
1,998
6815214.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
23,688
21,928
6815496.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
71,604
66,849
6816146.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
2,897
2,690
6816187.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
46,539
42,444
6816661.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
17,574
16,358
6816811.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
12,676
11,713
6816940.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
12,133
11,219
6817048.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
46,114
42,912
6818914.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
17,448
16,143
6819107.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
4,246
3,936
6819208.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
1,912
1,787
6819244.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
1,666
1,526
6819267.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
542
499
6819280.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
1,714
1,590
6819303.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
4,152
3,840
6819380.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
1,419
1,306
6819439.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
5,953
5,510
6819599.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
5,666
5,221
6819743.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
1,055
978
6819804.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
5,475
5,042
6819930.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
10,530
9,863
6820082.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
3,267
3,018
6820141.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
12,058
11,293
6820295.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
1,827
1,658
6820334.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
37,009
34,216
6820797.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
6,941
6,459
6820854.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
44,577
41,193
6821264.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
52,932
48,951
6821875.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
3,424
3,137
6821924.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
13,587
12,726
6822114.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
2,617
2,402
6822156.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
10,231
9,308
6822326.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
54,372
50,716
6822488.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
2,429
2,242
6822545.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
34,492
32,068
6823063.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
9,671
8,830
6823299.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
1,655
1,520
6823326.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
31,031
28,846
6823888.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
19,106
17,893
6824226.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
5,055
4,671
6824272.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
536
503
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
78
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6824276.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
$
3,848
$
3,574
6824307.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
18,080
16,705
6824522.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
7,625
7,029
6824643.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
3,915
3,620
6824684.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
2,100
1,948
6824700.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
16,043
14,793
6824904.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
1,633
1,494
6824918.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
19,885
18,395
6825133.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
1,404
1,286
6825144.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
14,546
13,630
6825415.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
5,040
4,605
6825507.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
924
782
6825535.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
2,313
2,111
6825568.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
10,174
9,443
6825697.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
4,940
4,503
6825751.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
7,595
6,976
6825882.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
7,636
7,008
6825993.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
3,268
2,999
6826034.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
7,390
6,833
6826119.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
3,212
2,985
6826158.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
1,700
1,570
6826181.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
2,396
2,217
6826212.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
18,655
17,485
6826380.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
11,836
10,824
6826509.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
4,957
4,572
6826580.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
1,719
1,585
6826592.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
5,901
5,504
6826651.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
1,658
1,530
6826668.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
4,032
3,743
6826707.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
1,243
1,158
6826721.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
660
575
6826739.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
13,433
12,581
6826864.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
11,041
10,340
6826936.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
2,082
1,924
6826954.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
2,604
2,385
6826965.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
6,418
5,984
6827030.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
5,233
4,899
6827076.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
3,476
3,230
6827100.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
10,028
9,150
6827188.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
1,018
939
6827196.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
15,146
13,910
6827370.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
7,112
6,659
6828140.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,967
1,799
6828159.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,872
1,716
6828179.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
5,212
4,826
6828257.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
3,406
3,115
6828307.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
926
849
6828318.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
12,134
11,324
6828508.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,546
1,424
6828551.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
8,848
8,147
6828665.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
4,293
3,932
6828714.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
6,766
6,254
6828832.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
6,191
5,729
6828901.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,056
969
6828911.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
4,740
4,419
6828951.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
9,087
8,509
6829013.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
52,025
48,073
6829291.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
17,403
16,236
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6829368.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
$
1,283
$
1,175
6829383.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,148
1,051
6829390.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
4,027
3,744
6829424.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
7,357
6,834
6829445.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
793
736
6829450.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
10,948
10,216
6829500.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
3,564
3,223
6829529.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
33,489
31,365
6829751.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
4,475
4,123
6829783.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
15,570
14,390
6830214.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
5,554
5,204
6830230.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
9,265
8,519
6830282.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,736
1,580
6830322.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,575
1,436
6830371.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
8,324
7,795
6830470.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,687
1,529
6830508.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,192
1,096
6830522.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
3,772
3,533
6830593.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
12,389
11,557
6830658.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
1,520
1,397
6830721.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
1,650
1,528
6830755.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
3,209
2,825
6830814.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
15,990
14,613
6831048.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
2,650
2,455
6831092.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
3,725
3,419
6831164.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
2,984
2,736
6831237.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
2,542
2,356
6831291.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
2,304
2,120
6831348.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
69,512
65,088
6832254.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
2,326
2,129
6832268.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
4,845
4,490
6832316.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
12,081
11,201
6832385.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
22,022
20,168
6832657.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
8,966
8,307
6832814.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
6,596
6,178
6832873.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
9,069
8,292
6833032.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
33,908
31,326
6833386.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
37,839
35,173
6833705.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
2,090
1,933
6833726.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
22,206
20,720
6833858.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
7,463
6,830
6834075.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
9,040
8,428
6834164.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
2,159
1,974
6834194.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
2,057
1,857
6834245.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
7,262
6,693
6834338.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
14,798
13,497
6834576.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
694
644
6834595.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
1,328
1,228
6834607.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
5,896
5,454
6834730.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
18,232
17,069
6835019.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
3,198
2,924
6835083.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
5,445
5,099
6835150.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
1,808
1,668
6835172.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
1,382
1,273
6835175.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
10,142
9,459
6835286.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
6,964
6,495
6835400.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
16,524
15,350
6835522.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
1,381
1,284
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
79
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6835534.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
$
8,381
$
7,654
6835584.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
5,806
5,384
6835645.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
1,601
1,472
6835679.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
4,571
4,265
6835741.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
1,983
1,843
6835765.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
1,014
921
6835781.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
29,112
27,159
6835999.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
22,398
20,672
6836263.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
50,199
46,420
6838444.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
8,125
7,606
6838587.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
4,353
4,021
6838661.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
5,583
5,151
6838739.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
541
495
6838746.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
1,620
1,499
6838773.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
6,005
5,510
6838986.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
1,417
1,307
6839017.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
2,023
1,852
6839109.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
6,477
6,038
6839231.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
9,392
8,792
6839397.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
3,225
3,007
6839460.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
5,571
5,194
6839532.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
29,353
27,271
6840011.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
13,137
11,976
6840156.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
11,093
10,162
6840285.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
16,634
15,460
6840492.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
5,442
5,050
6840562.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
44,791
41,596
6841498.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
21,511
19,628
6841773.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
60,177
55,924
6842174.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
11,609
10,869
6842467.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
3,685
3,450
6842558.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
759
700
6842576.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
8,626
8,039
6842903.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
10,085
9,403
6843047.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
1,664
1,553
6843076.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
3,039
2,845
6843139.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
10,290
9,491
6843330.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
33,857
31,191
6843843.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
45,348
42,268
6844326.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
1,105
1,009
6844340.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
7,829
7,250
6844425.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
6,429
6,015
6844499.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
1,678
1,546
6844504.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
22,090
20,457
6844756.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
4,112
3,804
6844839.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
9,307
8,599
6844947.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
14,203
13,291
6845163.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
6,278
5,834
6845224.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
8,740
7,980
6845298.SQ.FTS.B,
Zero
Cpn,
1/15/25
...
108,494
101,142
6846325.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
2,866
2,650
6846350.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
2,993
2,771
6846380.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
3,292
2,968
6846424.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
1,279
1,167
6846441.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
7,857
7,299
6846525.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
4,398
4,116
6846564.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
3,613
3,309
6846587.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
1,611
1,489
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6846600.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
$
1,226
$
1,133
6846610.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
3,296
3,071
6846643.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
20,846
19,377
6846819.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
762
704
6846824.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
5,499
5,147
6847025.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
1,333
1,229
6847031.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
1,298
1,202
6847041.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
2,300
2,104
6847055.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
37,921
35,494
6847762.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
17,805
16,272
6847986.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
16,427
15,015
6848142.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
4,945
4,554
6848179.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
17,589
16,091
6848316.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
22,792
21,242
6848533.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
11,714
10,883
6848675.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
3,364
3,106
6848723.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
5,065
4,679
6848782.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
71,058
65,872
6849472.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
14,718
13,549
6849618.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
6,910
6,288
6849686.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
1,154
1,053
6849695.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
5,459
5,077
6849748.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
17,771
16,441
6849938.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
65,043
59,461
6850363.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
8,905
8,175
6850527.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
7,020
6,536
6850619.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
607
563
6850633.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
5,371
4,964
6850718.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
11,256
10,398
6850861.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
6,460
6,024
6850978.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
29,464
27,338
6851478.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
633
589
6851489.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
57,950
54,224
6852156.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
2,858
2,615
6852184.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
4,370
3,951
6852245.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
570
523
6852250.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
10,273
9,490
6852319.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
2,934
2,737
6852343.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
949
882
6852350.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
3,924
3,662
6852362.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
3,284
3,002
6852397.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
5,687
5,268
6852448.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
24,864
23,050
6852669.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
3,205
2,963
6852714.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
19,826
18,366
6852998.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
15,938
14,632
6853138.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
11,421
10,464
6853217.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
1,904
1,769
6853261.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
13,660
12,620
6853445.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
6,298
5,792
6853540.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
16,710
15,578
6853599.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
4,779
4,392
6853678.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
4,528
4,213
6853747.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
15,742
14,505
6854031.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
467
423
6854061.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,854
1,694
6854113.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,293
1,206
6854153.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
2,584
2,401
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
80
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6854200.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
$
1,623
$
1,504
6854255.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,537
1,418
6854310.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,154
1,049
6854334.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
2,743
2,528
6854381.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
3,261
2,981
6854447.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,371
1,255
6854464.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,874
1,698
6854489.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
19,843
18,375
6854785.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
8,241
7,683
6854877.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,333
1,223
6854897.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
6,076
5,601
6854996.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
7,601
7,005
6855069.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
9,882
9,147
6855143.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,530
1,409
6855155.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
5,218
4,788
6855203.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
9,135
8,359
6855292.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,222
1,118
6855299.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
54,878
50,823
6855976.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
15,010
13,990
6856117.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
7,562
6,982
6856230.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
4,568
4,220
6856272.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
10,934
10,072
6856361.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,011
924
6856369.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
3,479
3,186
6856405.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
4,369
4,026
6856451.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
7,309
6,711
6856521.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
23,699
21,747
6858159.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
1,918
1,750
6858228.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
8,323
7,755
6858315.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
12,031
10,991
6858620.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
4,131
3,818
6858720.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
718
663
6858763.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
2,856
2,630
6858854.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
15,727
14,525
6859076.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
8,972
8,286
6859210.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
28,519
26,457
6859829.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
3,378
3,127
6859865.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
30,196
28,136
6860349.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
3,174
2,952
6860390.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
1,402
1,307
6860414.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
22,349
20,638
6860713.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
4,405
4,105
6860765.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
12,362
11,409
6860904.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
59,922
55,829
6861560.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
32,650
30,310
6861610.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
24,632
22,865
6862126.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
3,857
3,581
6862297.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
8,851
8,218
6862430.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
1,814
1,672
6862450.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
1,868
1,724
6862483.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
8,414
7,668
6862595.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
7,001
6,544
6862726.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
6,480
5,983
6862848.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
54,679
50,007
6863642.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
33,627
31,330
6864093.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
2,315
2,165
6864136.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
19,576
18,041
6864433.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
13,241
12,383
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6864604.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
$
35,124
$
32,113
6864947.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
6,731
6,267
6865001.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
23,394
21,543
6865169.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
10,380
9,604
6865251.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
6,509
6,026
6865311.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
2,054
1,907
6865330.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
2,679
2,453
6865359.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
22,105
20,175
6865547.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
919
840
6865560.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
2,494
2,310
6865580.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
3,158
2,892
6865607.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
6,147
5,637
6865665.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
4,923
4,581
6865702.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
2,877
2,628
6865728.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
3,828
3,565
6865768.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
9,939
9,258
6865848.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
2,741
2,521
6865884.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
1,930
1,781
6865910.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
1,854
1,702
6865924.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
10,388
9,504
6866262.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
6,880
6,338
6866461.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
8,829
8,073
6866666.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
11,235
10,404
6866865.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
2,011
1,857
6866900.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
3,015
2,759
6866949.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
10,871
10,006
6867081.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
18,052
16,762
6867279.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
24,648
23,052
6867556.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
4,494
4,149
6867593.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
3,003
2,797
6867629.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
14,988
13,875
6867751.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
720
667
6867756.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
2,129
1,971
6867775.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
7,767
7,130
6867830.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
2,802
2,579
6867840.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
11,086
10,264
6867914.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
8,572
7,823
6867976.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
27,394
25,437
6868199.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
1,900
1,751
6868209.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
50,430
47,166
6868585.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
14,105
13,057
6868681.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
2,519
2,296
6868707.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
1,463
1,364
6868733.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
3,992
3,686
6868776.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
56,209
52,362
6869300.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
2,980
2,727
6869320.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
4,436
4,071
6869344.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
8,383
7,784
6869391.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
2,120
1,968
6869416.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
6,309
5,856
6869457.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
56,585
52,110
6869501.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
5,907
5,442
6869669.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
2,034
1,867
6869712.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
3,440
3,193
6869798.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
1,105
1,008
6869824.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
757
700
6869843.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
4,702
4,362
6869960.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
35,848
33,266
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
81
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6870588.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
$
3,821
$
3,528
6870631.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
3,006
2,777
6870680.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
4,218
3,944
6870747.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
816
759
6870762.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
15,479
14,290
6870902.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
6,793
6,306
6870943.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
29,162
26,923
6871125.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
4,686
4,375
6871168.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
2,871
2,652
6871187.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
11,672
10,712
6871309.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
3,672
3,419
6871341.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
2,240
2,073
6871354.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
1,781
1,648
6871381.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
1,670
1,538
6871394.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
15,267
14,057
6871484.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
1,022
945
6871486.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
722
661
6871497.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
2,710
2,509
6871513.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
5,644
5,278
6871543.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
16,868
15,774
6871666.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
2,171
2,003
6871681.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
16,128
14,797
6871820.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
17,726
16,324
6871925.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
20,186
18,587
6872169.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
543
501
6872177.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
2,370
2,170
6872183.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
10,968
10,016
6872268.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
4,583
4,233
6872295.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
26,765
24,712
6872584.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
1,139
1,040
6872591.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
9,496
8,674
6872638.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
19,865
18,437
6872920.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
5,434
5,060
6872995.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
1,966
1,798
6873013.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
15,773
14,635
6873357.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
3,701
3,377
6873418.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
3,769
3,489
6873457.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
15,568
14,145
6873678.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
27,648
25,462
6873914.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
54,269
50,376
6874440.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
2,292
2,095
6874453.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
6,730
6,215
6874506.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
3,651
3,371
6874523.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
2,739
2,514
6874546.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
7,274
6,734
6874599.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
16,908
15,811
6874785.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
3,474
3,182
6874826.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
1,869
1,728
6874843.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
5,047
4,672
6874904.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
1,594
1,474
6874913.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
1,579
1,454
6874934.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
13,208
12,197
6875043.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
36,634
33,548
6875400.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
662
614
6875406.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
67,481
61,940
3210332.SQ.FTS.B,
Zero
Cpn,
3/18/32
...
4,369
–
3212181.SQ.FTS.B,
Zero
Cpn,
3/18/32
...
380
–
3232249.SQ.FTS.B,
Zero
Cpn,
3/25/32
...
828
–
Description
Principal
Amount
Value
Block,
Inc.
(continued)
3233993.SQ.FTS.B,
Zero
Cpn,
3/26/32
...
$
428
$
–
3234758.SQ.FTS.B,
Zero
Cpn,
3/28/32
...
637
–
3238373.SQ.FTS.B,
Zero
Cpn,
3/29/32
...
870
–
3255010.SQ.FTS.B,
Zero
Cpn,
4/07/32
...
1,659
–
3260194.SQ.FTS.B,
Zero
Cpn,
4/09/32
...
204
–
3297660.SQ.FTS.B,
Zero
Cpn,
4/24/32
...
556
–
3311752.SQ.FTS.B,
Zero
Cpn,
4/30/32
...
252
–
3320535.SQ.FTS.B,
Zero
Cpn,
5/05/32
...
13,177
–
3336181.SQ.FTS.B,
Zero
Cpn,
5/12/32
...
7,935
–
3336690.SQ.FTS.B,
Zero
Cpn,
5/12/32
...
486
–
3344944.SQ.FTS.B,
Zero
Cpn,
5/17/32
...
877
–
3361155.SQ.FTS.B,
Zero
Cpn,
5/19/32
...
1,466
–
3365511.SQ.FTS.B,
Zero
Cpn,
5/20/32
...
243
–
3366564.SQ.FTS.B,
Zero
Cpn,
5/20/32
...
120
–
3371556.SQ.FTS.B,
Zero
Cpn,
5/23/32
...
698
–
3401486.SQ.FTS.B,
Zero
Cpn,
6/02/32
...
263
–
3407926.SQ.FTS.B,
Zero
Cpn,
6/03/32
...
1,511
–
3411766.SQ.FTS.B,
Zero
Cpn,
6/04/32
...
5,695
1
3414237.SQ.FTS.B,
Zero
Cpn,
6/05/32
...
2,276
–
3415734.SQ.FTS.B,
Zero
Cpn,
6/07/32
...
4,366
–
3419699.SQ.FTS.B,
Zero
Cpn,
6/08/32
...
10,480
–
3425756.SQ.FTS.B,
Zero
Cpn,
6/10/32
...
1,231
–
3428606.SQ.FTS.B,
Zero
Cpn,
6/11/32
...
2,118
–
3432767.SQ.FTS.B,
Zero
Cpn,
6/14/32
...
1,841
–
3433089.SQ.FTS.B,
Zero
Cpn,
6/14/32
...
396
–
3434383.SQ.FTS.B,
Zero
Cpn,
6/14/32
...
11,741
–
3435958.SQ.FTS.B,
Zero
Cpn,
6/15/32
...
2,155
–
3436460.SQ.FTS.B,
Zero
Cpn,
6/15/32
...
585
–
3436486.SQ.FTS.B,
Zero
Cpn,
6/15/32
...
376
–
3437194.SQ.FTS.B,
Zero
Cpn,
6/15/32
...
1,490
–
3437850.SQ.FTS.B,
Zero
Cpn,
6/16/32
...
4,084
–
3452149.SQ.FTS.B,
Zero
Cpn,
6/21/32
...
969
–
3463095.SQ.FTS.B,
Zero
Cpn,
6/23/32
...
11,405
–
3472489.SQ.FTS.B,
Zero
Cpn,
6/26/32
...
2,604
–
3487584.SQ.FTS.B,
Zero
Cpn,
6/30/32
...
2,184
–
3510070.SQ.FTS.B,
Zero
Cpn,
7/06/32
...
25,800
1
3513483.SQ.FTS.B,
Zero
Cpn,
7/07/32
...
4,792
–
3516078.SQ.FTS.B,
Zero
Cpn,
7/08/32
...
8,033
–
3521469.SQ.FTS.B,
Zero
Cpn,
7/08/32
...
3,422
–
3559884.SQ.FTS.B,
Zero
Cpn,
7/19/32
...
616
–
3566831.SQ.FTS.B,
Zero
Cpn,
7/20/32
...
2,799
–
3572652.SQ.FTS.B,
Zero
Cpn,
7/21/32
...
758
–
3573904.SQ.FTS.B,
Zero
Cpn,
7/21/32
...
2,469
–
3612013.SQ.FTS.B,
Zero
Cpn,
7/29/32
...
3,513
–
3612313.SQ.FTS.B,
Zero
Cpn,
7/30/32
...
3,994
–
3616837.SQ.FTS.B,
Zero
Cpn,
8/01/32
...
1,256
–
3622745.SQ.FTS.B,
Zero
Cpn,
8/03/32
...
5,722
–
3629212.SQ.FTS.B,
Zero
Cpn,
8/05/32
...
316
–
3631012.SQ.FTS.B,
Zero
Cpn,
8/07/32
...
702
–
3693768.SQ.FTS.B,
Zero
Cpn,
8/20/32
...
1,735
3
3700150.SQ.FTS.B,
Zero
Cpn,
8/22/32
...
3,008
4
3760407.SQ.FTS.B,
Zero
Cpn,
9/01/32
...
3,543
11
3820662.SQ.FTS.B,
Zero
Cpn,
9/07/32
...
734
2
3842781.SQ.FTS.B,
Zero
Cpn,
9/11/32
...
10,067
18
3849054.SQ.FTS.B,
Zero
Cpn,
9/12/32
...
679
3
3849313.SQ.FTS.B,
Zero
Cpn,
9/12/32
...
204
1
3849333.SQ.FTS.B,
Zero
Cpn,
9/12/32
...
8,085
20
3869455.SQ.FTS.B,
Zero
Cpn,
9/17/32
...
7,514
33
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
82
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
3877914.SQ.FTS.B,
Zero
Cpn,
9/18/32
...
$
1,608
$
9
3908447.SQ.FTS.B,
Zero
Cpn,
9/24/32
...
608
4
3944713.SQ.FTS.B,
Zero
Cpn,
9/30/32
...
16,717
96
3948363.SQ.FTS.B,
Zero
Cpn,
9/30/32
...
386
2
3953673.SQ.FTS.B,
Zero
Cpn,
9/30/32
...
673
5
3953788.SQ.FTS.B,
Zero
Cpn,
9/30/32
...
6,116
45
3988483.SQ.FTS.B,
Zero
Cpn,
10/06/32
..
6,804
29
3995187.SQ.FTS.B,
Zero
Cpn,
10/07/32
..
966
10
4006108.SQ.FTS.B,
Zero
Cpn,
10/08/32
..
3,609
33
4012864.SQ.FTS.B,
Zero
Cpn,
10/08/32
..
418
1
4027848.SQ.FTS.B,
Zero
Cpn,
10/13/32
..
13,882
148
4030312.SQ.FTS.B,
Zero
Cpn,
10/13/32
..
596
3
4039216.SQ.FTS.B,
Zero
Cpn,
10/15/32
..
645
4
4042564.SQ.FTS.B,
Zero
Cpn,
10/15/32
..
379
2
4044447.SQ.FTS.B,
Zero
Cpn,
10/16/32
..
14,344
92
4049053.SQ.FTS.B,
Zero
Cpn,
10/18/32
..
1,945
11
4077814.SQ.FTS.B,
Zero
Cpn,
10/23/32
..
2,357
23
4079086.SQ.FTS.B,
Zero
Cpn,
10/23/32
..
3,779
32
4079838.SQ.FTS.B,
Zero
Cpn,
10/23/32
..
6,825
82
4080547.SQ.FTS.B,
Zero
Cpn,
10/24/32
..
1,952
8
4095538.SQ.FTS.B,
Zero
Cpn,
10/28/32
..
3,487
49
4125734.SQ.FTS.B,
Zero
Cpn,
11/05/32
..
4,285
29
4138127.SQ.FTS.B,
Zero
Cpn,
11/09/32
..
2,987
53
4142060.SQ.FTS.B,
Zero
Cpn,
11/10/32
..
1,222
21
4147030.SQ.FTS.B,
Zero
Cpn,
11/11/32
..
346
2
4163065.SQ.FTS.B,
Zero
Cpn,
11/14/32
..
1,168
23
4171680.SQ.FTS.B,
Zero
Cpn,
11/17/32
..
3,222
68
4171907.SQ.FTS.B,
Zero
Cpn,
11/17/32
..
4,783
88
4186988.SQ.FTS.B,
Zero
Cpn,
11/20/32
..
375
5
4189414.SQ.FTS.B,
Zero
Cpn,
11/20/32
..
259
3
4197129.SQ.FTS.B,
Zero
Cpn,
11/21/32
..
38
–
4200379.SQ.FTS.B,
Zero
Cpn,
11/23/32
..
1,103
12
4207561.SQ.FTS.B,
Zero
Cpn,
11/25/32
..
1,742
23
4229796.SQ.FTS.B,
Zero
Cpn,
11/27/32
..
2,213
21
4236597.SQ.FTS.B,
Zero
Cpn,
11/30/32
..
2,098
27
4246370.SQ.FTS.B,
Zero
Cpn,
12/02/32
..
4,223
78
4267608.SQ.FTS.B,
Zero
Cpn,
12/04/32
..
4,641
116
4271659.SQ.FTS.B,
Zero
Cpn,
12/04/32
..
970
12
4280865.SQ.FTS.B,
Zero
Cpn,
12/07/32
..
7,991
125
4309215.SQ.FTS.B,
Zero
Cpn,
12/10/32
..
2,829
40
4314394.SQ.FTS.B,
Zero
Cpn,
12/11/32
..
4,763
118
4315019.SQ.FTS.B,
Zero
Cpn,
12/11/32
..
1,296
32
4315085.SQ.FTS.B,
Zero
Cpn,
12/11/32
..
753
16
4333949.SQ.FTS.B,
Zero
Cpn,
12/17/32
..
1,348
23
4342268.SQ.FTS.B,
Zero
Cpn,
12/20/32
..
3,769
85
4345972.SQ.FTS.B,
Zero
Cpn,
12/21/32
..
914
10
4352084.SQ.FTS.B,
Zero
Cpn,
12/22/32
..
1,688
40
4352239.SQ.FTS.B,
Zero
Cpn,
12/22/32
..
620
19
4383604.SQ.FTS.B,
Zero
Cpn,
12/30/32
..
2,916
72
4390373.SQ.FTS.B,
Zero
Cpn,
1/02/33
...
527
9
4390406.SQ.FTS.B,
Zero
Cpn,
1/02/33
...
950
34
4394687.SQ.FTS.B,
Zero
Cpn,
1/06/33
...
832
13
4406025.SQ.FTS.B,
Zero
Cpn,
1/13/33
...
651
20
4413064.SQ.FTS.B,
Zero
Cpn,
1/15/33
...
895
37
4413957.SQ.FTS.B,
Zero
Cpn,
1/16/33
...
356
6
4430691.SQ.FTS.B,
Zero
Cpn,
1/22/33
...
968
31
4431496.SQ.FTS.B,
Zero
Cpn,
1/22/33
...
432
10
4438299.SQ.FTS.B,
Zero
Cpn,
1/27/33
...
2,530
71
Description
Principal
Amount
Value
Block,
Inc.
(continued)
4438563.SQ.FTS.B,
Zero
Cpn,
1/27/33
...
$
14,155
$
477
4452962.SQ.FTS.B,
Zero
Cpn,
2/03/33
...
8,915
378
4455128.SQ.FTS.B,
Zero
Cpn,
2/04/33
...
2,253
86
4457642.SQ.FTS.B,
Zero
Cpn,
2/05/33
...
3,469
114
4463189.SQ.FTS.B,
Zero
Cpn,
2/09/33
...
2,140
42
4465207.SQ.FTS.B,
Zero
Cpn,
2/10/33
...
3,432
97
4469186.SQ.FTS.B,
Zero
Cpn,
2/12/33
...
1,404
52
4481855.SQ.FTS.B,
Zero
Cpn,
2/19/33
...
1,079
42
4481874.SQ.FTS.B,
Zero
Cpn,
2/19/33
...
1,551
88
4483852.SQ.FTS.B,
Zero
Cpn,
2/19/33
...
4,910
195
4484475.SQ.FTS.B,
Zero
Cpn,
2/20/33
...
3,439
127
4484542.SQ.FTS.B,
Zero
Cpn,
2/20/33
...
6,016
222
4488928.SQ.FTS.B,
Zero
Cpn,
2/23/33
...
703
20
4488941.SQ.FTS.B,
Zero
Cpn,
2/23/33
...
1,139
40
4489974.SQ.FTS.B,
Zero
Cpn,
2/24/33
...
4,041
166
4499783.SQ.FTS.B,
Zero
Cpn,
2/28/33
...
2,186
138
4508723.SQ.FTS.B,
Zero
Cpn,
3/02/33
...
6,372
410
4510936.SQ.FTS.B,
Zero
Cpn,
3/03/33
...
3,867
221
4513287.SQ.FTS.B,
Zero
Cpn,
3/04/33
...
12,361
748
4514072.SQ.FTS.B,
Zero
Cpn,
3/05/33
...
1,866
124
4516974.SQ.FTS.B,
Zero
Cpn,
3/07/33
...
88
4
4519611.SQ.FTS.B,
Zero
Cpn,
3/08/33
...
12,933
596
4532062.SQ.FTS.B,
Zero
Cpn,
3/14/33
...
1,863
120
4532929.SQ.FTS.B,
Zero
Cpn,
3/14/33
...
2,327
171
4534513.SQ.FTS.B,
Zero
Cpn,
3/15/33
...
304
14
4535094.SQ.FTS.B,
Zero
Cpn,
3/15/33
...
3,360
178
4540937.SQ.FTS.B,
Zero
Cpn,
3/17/33
...
6,282
145
4546342.SQ.FTS.B,
Zero
Cpn,
3/20/33
...
3,208
77
4548999.SQ.FTS.B,
Zero
Cpn,
3/21/33
...
4,823
330
4549725.SQ.FTS.B,
Zero
Cpn,
3/21/33
...
3,736
106
4549873.SQ.FTS.B,
Zero
Cpn,
3/21/33
...
201
12
4549880.SQ.FTS.B,
Zero
Cpn,
3/21/33
...
3,819
95
4550163.SQ.FTS.B,
Zero
Cpn,
3/21/33
...
1,397
78
4550265.SQ.FTS.B,
Zero
Cpn,
3/21/33
...
545
32
4555245.SQ.FTS.B,
Zero
Cpn,
3/23/33
...
5,495
469
4556429.SQ.FTS.B,
Zero
Cpn,
3/23/33
...
3,512
194
4556489.SQ.FTS.B,
Zero
Cpn,
3/23/33
...
3,576
219
4556569.SQ.FTS.B,
Zero
Cpn,
3/23/33
...
18,356
1,392
4557410.SQ.FTS.B,
Zero
Cpn,
3/23/33
...
5,012
209
4558347.SQ.FTS.B,
Zero
Cpn,
3/23/33
...
1,070
60
4561168.SQ.FTS.B,
Zero
Cpn,
3/24/33
...
715
18
4561400.SQ.FTS.B,
Zero
Cpn,
3/25/33
...
2,338
221
4561751.SQ.FTS.B,
Zero
Cpn,
3/25/33
...
3,074
79
4562273.SQ.FTS.B,
Zero
Cpn,
3/26/33
...
3,405
284
4562746.SQ.FTS.B,
Zero
Cpn,
3/27/33
...
443
39
4563389.SQ.FTS.B,
Zero
Cpn,
3/27/33
...
3,392
98
4565857.SQ.FTS.B,
Zero
Cpn,
3/27/33
...
14,859
1,061
4566912.SQ.FTS.B,
Zero
Cpn,
3/28/33
...
2,536
229
4579623.SQ.FTS.B,
Zero
Cpn,
4/01/33
...
30,289
2,065
4581333.SQ.FTS.B,
Zero
Cpn,
4/02/33
...
3,759
250
4581555.SQ.FTS.B,
Zero
Cpn,
4/02/33
...
12,644
1,193
4582331.SQ.FTS.B,
Zero
Cpn,
4/03/33
...
5,425
353
4585539.SQ.FTS.B,
Zero
Cpn,
4/04/33
...
643
39
4586510.SQ.FTS.B,
Zero
Cpn,
4/04/33
...
6,337
412
4589242.SQ.FTS.B,
Zero
Cpn,
4/05/33
...
488
21
4600950.SQ.FTS.B,
Zero
Cpn,
4/07/33
...
936
30
4601418.SQ.FTS.B,
Zero
Cpn,
4/08/33
...
4,582
227
4601908.SQ.FTS.B,
Zero
Cpn,
4/08/33
...
835
58
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
83
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
4603785.SQ.FTS.B,
Zero
Cpn,
4/08/33
...
$
2,545
$
127
4604781.SQ.FTS.B,
Zero
Cpn,
4/09/33
...
302
30
4606149.SQ.FTS.B,
Zero
Cpn,
4/11/33
...
2,129
153
4606526.SQ.FTS.B,
Zero
Cpn,
4/11/33
...
462
24
4607817.SQ.FTS.B,
Zero
Cpn,
4/12/33
...
768
84
4609191.SQ.FTS.B,
Zero
Cpn,
4/12/33
...
3,834
315
4610483.SQ.FTS.B,
Zero
Cpn,
4/13/33
...
14,847
1,506
4612864.SQ.FTS.B,
Zero
Cpn,
4/13/33
...
831
27
4612909.SQ.FTS.B,
Zero
Cpn,
4/13/33
...
6,256
460
4618545.SQ.FTS.B,
Zero
Cpn,
4/14/33
...
2,720
209
4618572.SQ.FTS.B,
Zero
Cpn,
4/14/33
...
927
68
4620208.SQ.FTS.B,
Zero
Cpn,
4/14/33
...
2,314
107
4621187.SQ.FTS.B,
Zero
Cpn,
4/15/33
...
187
7
4622912.SQ.FTS.B,
Zero
Cpn,
4/15/33
...
12,026
829
4623698.SQ.FTS.B,
Zero
Cpn,
4/15/33
...
4,549
243
4625409.SQ.FTS.B,
Zero
Cpn,
4/18/33
...
1,903
137
4626052.SQ.FTS.B,
Zero
Cpn,
4/18/33
...
3,539
190
4626904.SQ.FTS.B,
Zero
Cpn,
4/18/33
...
4,667
158
4627946.SQ.FTS.B,
Zero
Cpn,
4/18/33
...
2,336
245
4630150.SQ.FTS.B,
Zero
Cpn,
4/19/33
...
3,687
283
4630473.SQ.FTS.B,
Zero
Cpn,
4/19/33
...
336
27
4631665.SQ.FTS.B,
Zero
Cpn,
4/20/33
...
4,254
327
4637259.SQ.FTS.B,
Zero
Cpn,
4/22/33
...
146
8
4639123.SQ.FTS.B,
Zero
Cpn,
4/22/33
...
1,166
54
4639291.SQ.FTS.B,
Zero
Cpn,
4/22/33
...
2,606
250
4639511.SQ.FTS.B,
Zero
Cpn,
4/22/33
...
416
28
4641955.SQ.FTS.B,
Zero
Cpn,
4/25/33
...
13,703
1,053
4645672.SQ.FTS.B,
Zero
Cpn,
4/26/33
...
10,185
899
4646107.SQ.FTS.B,
Zero
Cpn,
4/26/33
...
2,393
250
4646691.SQ.FTS.B,
Zero
Cpn,
4/26/33
...
582
49
4650952.SQ.FTS.B,
Zero
Cpn,
4/28/33
...
2,708
242
4652170.SQ.FTS.B,
Zero
Cpn,
4/28/33
...
3,326
256
4654724.SQ.FTS.B,
Zero
Cpn,
4/29/33
...
439
37
4655105.SQ.FTS.B,
Zero
Cpn,
4/29/33
...
1,842
129
4656767.SQ.FTS.B,
Zero
Cpn,
4/30/33
...
2,269
175
4660577.SQ.FTS.B,
Zero
Cpn,
5/01/33
...
5,607
445
4660611.SQ.FTS.B,
Zero
Cpn,
5/01/33
...
1,867
160
4662056.SQ.FTS.B,
Zero
Cpn,
5/02/33
...
40,082
3,700
4664050.SQ.FTS.B,
Zero
Cpn,
5/02/33
...
287
32
4665723.SQ.FTS.B,
Zero
Cpn,
5/03/33
...
813
33
4668525.SQ.FTS.B,
Zero
Cpn,
5/04/33
...
412
16
4669203.SQ.FTS.B,
Zero
Cpn,
5/04/33
...
309
12
4669930.SQ.FTS.B,
Zero
Cpn,
5/04/33
...
1,076
96
4679063.SQ.FTS.B,
Zero
Cpn,
5/08/33
...
2,470
231
4681090.SQ.FTS.B,
Zero
Cpn,
5/08/33
...
1,211
122
4682306.SQ.FTS.B,
Zero
Cpn,
5/08/33
...
19,587
1,643
4684103.SQ.FTS.B,
Zero
Cpn,
5/08/33
...
761
39
4684220.SQ.FTS.B,
Zero
Cpn,
5/08/33
...
332
33
4704761.SQ.FTS.B,
Zero
Cpn,
5/10/33
...
1,417
119
4706260.SQ.FTS.B,
Zero
Cpn,
5/10/33
...
3,411
395
4710517.SQ.FTS.B,
Zero
Cpn,
5/12/33
...
3,341
420
4717011.SQ.FTS.B,
Zero
Cpn,
5/15/33
...
8,731
842
4719485.SQ.FTS.B,
Zero
Cpn,
5/15/33
...
1,274
114
4722278.SQ.FTS.B,
Zero
Cpn,
5/16/33
...
183
26
4723323.SQ.FTS.B,
Zero
Cpn,
5/16/33
...
406
48
4728302.SQ.FTS.B,
Zero
Cpn,
5/17/33
...
19,146
2,296
4746441.SQ.FTS.B,
Zero
Cpn,
5/19/33
...
1,301
194
4761481.SQ.FTS.B,
Zero
Cpn,
5/23/33
...
4,254
426
Description
Principal
Amount
Value
Block,
Inc.
(continued)
4763575.SQ.FTS.B,
Zero
Cpn,
5/23/33
...
$
1,338
$
166
4773719.SQ.FTS.B,
Zero
Cpn,
5/24/33
...
1,216
141
4789346.SQ.FTS.B,
Zero
Cpn,
5/29/33
...
6,004
493
4790074.SQ.FTS.B,
Zero
Cpn,
5/29/33
...
1,864
193
4790139.SQ.FTS.B,
Zero
Cpn,
5/29/33
...
382
68
4794467.SQ.FTS.B,
Zero
Cpn,
5/30/33
...
116
10
4795042.SQ.FTS.B,
Zero
Cpn,
5/30/33
...
11
1
4796271.SQ.FTS.B,
Zero
Cpn,
5/30/33
...
1,575
230
4799750.SQ.FTS.B,
Zero
Cpn,
6/01/33
...
3,222
531
4810478.SQ.FTS.B,
Zero
Cpn,
6/03/33
...
13,210
1,524
4812032.SQ.FTS.B,
Zero
Cpn,
6/03/33
...
96
8
4812628.SQ.FTS.B,
Zero
Cpn,
6/03/33
...
7,404
655
4814186.SQ.FTS.B,
Zero
Cpn,
6/03/33
...
3,604
193
4819764.SQ.FTS.B,
Zero
Cpn,
6/07/33
...
1,187
142
4819908.SQ.FTS.B,
Zero
Cpn,
6/07/33
...
1,241
152
4829812.SQ.FTS.B,
Zero
Cpn,
6/10/33
...
563
36
4829826.SQ.FTS.B,
Zero
Cpn,
6/10/33
...
2,529
248
4831455.SQ.FTS.B,
Zero
Cpn,
6/10/33
...
1,012
56
4832246.SQ.FTS.B,
Zero
Cpn,
6/10/33
...
58
7
4839177.SQ.FTS.B,
Zero
Cpn,
6/14/33
...
1,366
69
4839467.SQ.FTS.B,
Zero
Cpn,
6/14/33
...
1,586
233
4840100.SQ.FTS.B,
Zero
Cpn,
6/14/33
...
1,543
134
4848330.SQ.FTS.B,
Zero
Cpn,
6/16/33
...
20,571
1,193
4860368.SQ.FTS.B,
Zero
Cpn,
6/17/33
...
989
137
4862382.SQ.FTS.B,
Zero
Cpn,
6/18/33
...
5,131
265
4862453.SQ.FTS.B,
Zero
Cpn,
6/18/33
...
656
138
4862500.SQ.FTS.B,
Zero
Cpn,
6/18/33
...
1,522
252
4863679.SQ.FTS.B,
Zero
Cpn,
6/20/33
...
16,205
1,366
4864955.SQ.FTS.B,
Zero
Cpn,
6/20/33
...
7,356
1,150
4866679.SQ.FTS.B,
Zero
Cpn,
6/20/33
...
1,660
304
4867627.SQ.FTS.B,
Zero
Cpn,
6/21/33
...
2,052
125
4867691.SQ.FTS.B,
Zero
Cpn,
6/21/33
...
43
8
4868123.SQ.FTS.B,
Zero
Cpn,
6/21/33
...
533
45
4868571.SQ.FTS.B,
Zero
Cpn,
6/21/33
...
581
127
4868930.SQ.FTS.B,
Zero
Cpn,
6/21/33
...
1,648
148
4871945.SQ.FTS.B,
Zero
Cpn,
6/22/33
...
5,985
515
4871988.SQ.FTS.B,
Zero
Cpn,
6/22/33
...
476
80
4872471.SQ.FTS.B,
Zero
Cpn,
6/22/33
...
1,391
120
4872677.SQ.FTS.B,
Zero
Cpn,
6/22/33
...
3,275
666
4873083.SQ.FTS.B,
Zero
Cpn,
6/22/33
...
9,479
1,181
4873268.SQ.FTS.B,
Zero
Cpn,
6/22/33
...
6,701
1,328
4873395.SQ.FTS.B,
Zero
Cpn,
6/22/33
...
76
11
4873945.SQ.FTS.B,
Zero
Cpn,
6/22/33
...
3,094
174
4874117.SQ.FTS.B,
Zero
Cpn,
6/22/33
...
4,952
967
4875505.SQ.FTS.B,
Zero
Cpn,
6/23/33
...
785
112
4877302.SQ.FTS.B,
Zero
Cpn,
6/25/33
...
624
61
4877319.SQ.FTS.B,
Zero
Cpn,
6/25/33
...
1,558
199
4877812.SQ.FTS.B,
Zero
Cpn,
6/26/33
...
2,195
306
4878164.SQ.FTS.B,
Zero
Cpn,
6/27/33
...
2,972
398
4880047.SQ.FTS.B,
Zero
Cpn,
6/27/33
...
132
8
4880109.SQ.FTS.B,
Zero
Cpn,
6/27/33
...
10,741
1,779
4880571.SQ.FTS.B,
Zero
Cpn,
6/28/33
...
14,651
2,549
4881599.SQ.FTS.B,
Zero
Cpn,
6/28/33
...
2,812
170
4881617.SQ.FTS.B,
Zero
Cpn,
6/28/33
...
1,646
172
4881988.SQ.FTS.B,
Zero
Cpn,
6/28/33
...
41,908
5,597
4882243.SQ.FTS.B,
Zero
Cpn,
6/28/33
...
109
11
4882388.SQ.FTS.B,
Zero
Cpn,
6/28/33
...
1,549
357
4882604.SQ.FTS.B,
Zero
Cpn,
6/28/33
...
4,323
579
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
84
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
4886936.SQ.FTS.B,
Zero
Cpn,
6/30/33
...
$
29,822
$
1,680
4887776.SQ.FTS.B,
Zero
Cpn,
6/30/33
...
5,203
905
4889578.SQ.FTS.B,
Zero
Cpn,
7/01/33
...
6,235
911
4889959.SQ.FTS.B,
Zero
Cpn,
7/02/33
...
2,577
262
4891549.SQ.FTS.B,
Zero
Cpn,
7/03/33
...
3,445
372
4893163.SQ.FTS.B,
Zero
Cpn,
7/04/33
...
12,426
1,677
4893412.SQ.FTS.B,
Zero
Cpn,
7/04/33
...
1,644
400
4893551.SQ.FTS.B,
Zero
Cpn,
7/04/33
...
223
15
4900969.SQ.FTS.B,
Zero
Cpn,
7/07/33
...
2,054
346
4901122.SQ.FTS.B,
Zero
Cpn,
7/07/33
...
611
47
4902587.SQ.FTS.B,
Zero
Cpn,
7/07/33
...
2,938
196
4904451.SQ.FTS.B,
Zero
Cpn,
7/10/33
...
1,783
287
4905226.SQ.FTS.B,
Zero
Cpn,
7/10/33
...
513
76
4905832.SQ.FTS.B,
Zero
Cpn,
7/10/33
...
8,409
1,281
4907500.SQ.FTS.B,
Zero
Cpn,
7/11/33
...
4,190
443
4908035.SQ.FTS.B,
Zero
Cpn,
7/11/33
...
5,837
355
4908081.SQ.FTS.B,
Zero
Cpn,
7/11/33
...
3,236
577
4908604.SQ.FTS.B,
Zero
Cpn,
7/12/33
...
1,157
82
4909783.SQ.FTS.B,
Zero
Cpn,
7/12/33
...
100
7
4922859.SQ.FTS.B,
Zero
Cpn,
7/14/33
...
770
208
4923842.SQ.FTS.B,
Zero
Cpn,
7/16/33
...
1,929
212
4924187.SQ.FTS.B,
Zero
Cpn,
7/17/33
...
357
59
4925184.SQ.FTS.B,
Zero
Cpn,
7/18/33
...
2,723
577
4925548.SQ.FTS.B,
Zero
Cpn,
7/18/33
...
16,715
4,277
4925972.SQ.FTS.B,
Zero
Cpn,
7/18/33
...
7,444
1,335
4926169.SQ.FTS.B,
Zero
Cpn,
7/18/33
...
261
59
4927104.SQ.FTS.B,
Zero
Cpn,
7/19/33
...
7,625
1,348
4932557.SQ.FTS.B,
Zero
Cpn,
7/20/33
...
261
41
4934870.SQ.FTS.B,
Zero
Cpn,
7/21/33
...
1,800
258
4935141.SQ.FTS.B,
Zero
Cpn,
7/22/33
...
256
50
4937154.SQ.FTS.B,
Zero
Cpn,
7/24/33
...
1,737
420
4937358.SQ.FTS.B,
Zero
Cpn,
7/24/33
...
640
72
4938018.SQ.FTS.B,
Zero
Cpn,
7/24/33
...
60
6
4938983.SQ.FTS.B,
Zero
Cpn,
7/25/33
...
1,318
246
4942412.SQ.FTS.B,
Zero
Cpn,
7/26/33
...
13,011
2,204
4954891.SQ.FTS.B,
Zero
Cpn,
7/28/33
...
15
2
4955556.SQ.FTS.B,
Zero
Cpn,
7/29/33
...
1,374
120
4956027.SQ.FTS.B,
Zero
Cpn,
7/30/33
...
447
127
4960204.SQ.FTS.B,
Zero
Cpn,
7/31/33
...
361
45
4964441.SQ.FTS.B,
Zero
Cpn,
8/01/33
...
355
64
4965912.SQ.FTS.B,
Zero
Cpn,
8/01/33
...
6,870
1,781
4967772.SQ.FTS.B,
Zero
Cpn,
8/02/33
...
7,951
2,545
4968011.SQ.FTS.B,
Zero
Cpn,
8/02/33
...
732
189
4968065.SQ.FTS.B,
Zero
Cpn,
8/02/33
...
9,113
2,061
4975394.SQ.FTS.B,
Zero
Cpn,
8/05/33
...
1,503
212
4975732.SQ.FTS.B,
Zero
Cpn,
8/06/33
...
160
40
4975986.SQ.FTS.B,
Zero
Cpn,
8/06/33
...
963
293
4978753.SQ.FTS.B,
Zero
Cpn,
8/07/33
...
116
14
4981564.SQ.FTS.B,
Zero
Cpn,
8/09/33
...
474
96
4981810.SQ.FTS.B,
Zero
Cpn,
8/09/33
...
933
176
4989575.SQ.FTS.B,
Zero
Cpn,
8/11/33
...
1,283
286
4990427.SQ.FTS.B,
Zero
Cpn,
8/12/33
...
646
80
4990812.SQ.FTS.B,
Zero
Cpn,
8/12/33
...
3,319
677
4991412.SQ.FTS.B,
Zero
Cpn,
8/13/33
...
1,244
247
4992493.SQ.FTS.B,
Zero
Cpn,
8/14/33
...
1,237
314
4993188.SQ.FTS.B,
Zero
Cpn,
8/14/33
...
339
81
4993580.SQ.FTS.B,
Zero
Cpn,
8/14/33
...
600
164
5006161.SQ.FTS.B,
Zero
Cpn,
8/16/33
...
193
75
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5006216.SQ.FTS.B,
Zero
Cpn,
8/16/33
...
$
119
$
26
5006802.SQ.FTS.B,
Zero
Cpn,
8/16/33
...
7,127
2,029
5019192.SQ.FTS.B,
Zero
Cpn,
8/17/33
...
10,195
1,418
5026306.SQ.FTS.B,
Zero
Cpn,
8/19/33
...
5,011
1,704
5026883.SQ.FTS.B,
Zero
Cpn,
8/20/33
...
5,852
2,268
5026993.SQ.FTS.B,
Zero
Cpn,
8/21/33
...
3,045
889
5027172.SQ.FTS.B,
Zero
Cpn,
8/21/33
...
156
34
5042184.SQ.FTS.B,
Zero
Cpn,
8/25/33
...
289
148
5044115.SQ.FTS.B,
Zero
Cpn,
8/27/33
...
827
205
5044278.SQ.FTS.B,
Zero
Cpn,
8/27/33
...
4,435
536
5047301.SQ.FTS.B,
Zero
Cpn,
8/28/33
...
4,140
1,006
5047438.SQ.FTS.B,
Zero
Cpn,
8/28/33
...
5,045
2,163
30,116,270
Freedom
Financial
Asset
Management
LLC
APP-11740309.FP.FTS.B,
5.99%,
12/20/23
2,396
2,411
APP-11877787.FP.FTS.B,
5.99%,
1/08/24
.
1,956
1,967
APP-11878440.FP.FTS.B,
5.99%,
1/08/24
.
669
670
APP-12286984.FP.FTS.B,
5.99%,
1/24/24
.
2,102
2,116
APP-12246415.FP.FTS.B,
5.99%,
1/28/24
.
858
861
APP-12386826.FP.FTS.B,
23.99%,
2/01/24
3,913
3,929
APP-11929185.FP.FTS.B,
18.49%,
2/20/24
6,739
1,767
APP-11877563.FP.FTS.B,
5.99%,
2/21/24
.
2,268
2,283
APP-11798519.FP.FTS.B,
5.99%,
2/22/24
.
3,099
3,120
APP-12388609.FP.FTS.B,
17.99%,
3/07/24
3,549
3,581
APP-12343461.FP.FTS.B,
5.99%,
3/15/24
.
2,289
2,305
APP-12287371.FP.FTS.B,
5.99%,
3/17/24
.
2,659
2,677
APP-11595183.FP.FTS.B,
5.99%,
3/22/24
.
3,354
3,380
APP-14217946.FP.FTS.B,
5.99%,
5/06/24
.
4,736
4,772
APP-13741737.FP.FTS.B,
5.99%,
5/16/24
.
3,887
3,918
APP-13628198.FP.FTS.B,
5.99%,
5/20/24
.
3,824
3,857
APP-14866497.FP.FTS.B,
5.99%,
5/24/24
.
4,783
4,826
APP-13746596.FP.FTS.B,
5.99%,
5/29/24
.
4,252
4,295
APP-13715084.FP.FTS.B,
17.49%,
5/29/24
4,765
588
APP-14939093.FP.FTS.B,
5.99%,
6/01/24
.
3,541
3,568
APP-14129567.FP.FTS.B,
5.99%,
6/10/24
.
4,069
4,099
APP-14038696.FP.FTS.B,
16.49%,
6/10/24
6,888
6,946
APP-14317523.FP.FTS.B,
17.49%,
6/12/24
3,627
3,657
APP-14689106.FP.FTS.B,
5.99%,
6/15/24
.
4,408
4,439
APP-14190363.FP.FTS.B,
5.99%,
6/16/24
.
4,332
4,370
APP-14178961.FP.FTS.B,
5.99%,
6/17/24
.
3,586
3,623
APP-14184679.FP.FTS.B,
23.99%,
6/17/24
7,614
673
APP-14057537.FP.FTS.B,
5.99%,
6/20/24
.
4,987
5,034
APP-14304559.FP.FTS.B,
5.99%,
6/20/24
.
3,645
3,678
APP-14343981.FP.FTS.B,
5.99%,
6/20/24
.
4,763
4,807
APP-15398343.FP.FTS.B,
5.99%,
6/20/24
.
5,520
5,572
APP-15532550.FP.FTS.B,
5.99%,
6/30/24
.
5,855
3,531
APP-15654646.FP.FTS.B,
19.74%,
7/05/24
6,519
6,560
APP-14867047.FP.FTS.B,
5.99%,
7/08/24
.
5,296
5,339
APP-14918054.FP.FTS.B,
14.99%,
7/08/24
8,995
9,069
APP-15601576.FP.FTS.B,
16.49%,
7/08/24
4,260
4,293
APP-14886138.FP.FTS.B,
5.99%,
7/16/24
.
4,747
4,792
APP-15145416.FP.FTS.B,
5.99%,
7/16/24
.
3,461
3,494
APP-15110089.FP.FTS.B,
5.99%,
7/30/24
.
4,432
4,482
APP-15573525.FP.FTS.B,
23.99%,
8/01/24
9,421
9,449
APP-15556796.FP.FTS.B,
5.99%,
8/05/24
.
4,639
4,678
APP-17023826.FP.FTS.B,
5.99%,
8/06/24
.
5,673
5,724
APP-15420537.FP.FTS.B,
23.99%,
8/12/24
20,940
21,141
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
85
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-15754991.FP.FTS.B,
5.99%,
8/13/24
.
$
4,376
$
4,418
APP-15869410.FP.FTS.B,
5.99%,
8/14/24
.
6,179
6,238
APP-16050735.FP.FTS.B,
5.99%,
8/14/24
.
5,150
5,198
APP-16062858.FP.FTS.B,
23.99%,
8/14/24
5,711
5,756
APP-15525886.FP.FTS.B,
13.49%,
8/15/24
7,293
7,378
APP-15705719.FP.FTS.B,
17.74%,
8/20/24
5,927
6,003
APP-15870402.FP.FTS.B,
5.99%,
8/28/24
.
6,209
6,280
APP-17083152.FP.FTS.B,
5.99%,
9/06/24
.
4,218
4,255
APP-17218556.FP.FTS.B,
5.99%,
9/09/24
.
6,677
6,741
APP-17481705.FP.FTS.B,
15.99%,
9/13/24
7,942
8,011
APP-17230704.FP.FTS.B,
5.99%,
9/23/24
.
5,588
5,651
APP-10830803.FP.FTS.B,
23.49%,
11/30/24
6,481
6,553
APP-11741918.FP.FTS.B,
16.49%,
12/15/24
10,606
1,158
APP-11673054.FP.FTS.B,
18.99%,
12/16/24
6,460
6,492
APP-11740833.FP.FTS.B,
23.99%,
12/22/24
9,931
10,005
APP-11877979.FP.FTS.B,
7.49%,
1/06/25
.
14,904
15,016
APP-11942701.FP.FTS.B,
9.49%,
1/08/25
.
21,378
21,542
APP-11729669.FP.FTS.B,
10.74%,
1/08/25
7,489
7,537
APP-12331634.FP.FTS.B,
7.74%,
2/04/25
.
9,171
9,239
APP-11751656.FP.FTS.B,
9.74%,
2/05/25
.
9,561
9,631
APP-11912407.FP.FTS.B,
15.99%,
2/15/25
12,229
12,257
APP-11872506.FP.FTS.B,
19.49%,
2/15/25
10,284
10,265
APP-11934547.FP.FTS.B,
18.49%,
2/21/25
8,123
1,702
APP-11210558.FP.FTS.B,
11.49%,
2/22/25
7,009
7,077
APP-12399141.FP.FTS.B,
25.49%,
3/08/25
7,574
804
APP-12050640.FP.FTS.B,
12.24%,
3/15/25
16,654
16,793
APP-12033288.FP.FTS.B,
14.49%,
3/15/25
11,711
11,745
APP-11949006.FP.FTS.B,
9.74%,
3/17/25
.
8,496
8,576
APP-12270565.FP.FTS.B,
16.49%,
3/17/25
17,791
17,708
APP-12351684.FP.FTS.B,
7.49%,
3/18/25
.
10,618
10,715
APP-12270708.FP.FTS.B,
9.49%,
3/20/25
.
13,809
13,947
APP-12420138.FP.FTS.B,
17.99%,
3/20/25
6,008
6,040
APP-12418031.FP.FTS.B,
13.99%,
3/22/25
14,173
14,309
APP-12287521.FP.FTS.B,
16.49%,
3/22/25
8,402
8,451
APP-13752242.FP.FTS.B,
10.09%,
4/01/25
6,738
6,767
APP-13961297.FP.FTS.B,
17.49%,
4/16/25
5,116
5,144
APP-13951296.FP.FTS.B,
17.24%,
4/26/25
15,926
15,946
APP-14058368.FP.FTS.B,
12.49%,
5/01/25
15,291
15,361
APP-14113024.FP.FTS.B,
11.59%,
5/03/25
7,227
7,283
APP-14094552.FP.FTS.B,
17.74%,
5/03/25
26,642
15,809
APP-14304933.FP.FTS.B,
14.99%,
5/12/25
7,954
7,969
APP-13745262.FP.FTS.B,
12.84%,
5/16/25
31,113
31,383
APP-13550190.FP.FTS.B,
24.99%,
5/16/25
10,706
10,588
APP-13512883.FP.FTS.B,
9.84%,
5/20/25
.
24,918
25,190
APP-13608232.FP.FTS.B,
9.84%,
5/20/25
.
13,302
13,436
APP-13608873.FP.FTS.B,
9.84%,
5/20/25
.
1,354
1,354
APP-13060190.FP.FTS.B,
10.24%,
5/20/25
17,943
18,124
APP-13805924.FP.FTS.B,
24.99%,
5/20/25
10,636
10,556
APP-14987484.FP.FTS.B,
15.99%,
5/22/25
7,070
7,109
APP-14613251.FP.FTS.B,
10.49%,
5/25/25
4,692
4,708
APP-13938404.FP.FTS.B,
12.24%,
5/26/25
25,087
25,304
APP-13957398.FP.FTS.B,
14.49%,
6/01/25
13,977
14,046
APP-15038181.FP.FTS.B,
25.49%,
6/01/25
7,754
7,572
APP-13914811.FP.FTS.B,
15.09%,
6/03/25
6,738
6,788
APP-14959860.FP.FTS.B,
19.74%,
6/03/25
34,886
34,584
APP-13821733.FP.FTS.B,
22.99%,
6/03/25
10,570
2,258
APP-13609952.FP.FTS.B,
10.09%,
6/04/25
27,184
27,397
APP-13818738.FP.FTS.B,
10.84%,
6/04/25
29,088
29,364
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-14919947.FP.FTS.B,
16.24%,
6/05/25
$
21,904
$
21,789
APP-14179362.FP.FTS.B,
17.49%,
6/05/25
6,774
6,809
APP-15039073.FP.FTS.B,
23.49%,
6/05/25
7,533
4,709
APP-14194688.FP.FTS.B,
25.49%,
6/06/25
8,517
911
APP-13901500.FP.FTS.B,
19.49%,
6/07/25
10,148
10,037
APP-13913960.FP.FTS.B,
25.49%,
6/07/25
6,443
6,327
APP-13968504.FP.FTS.B,
19.49%,
6/08/25
10,295
10,189
APP-14166988.FP.FTS.B,
17.49%,
6/09/25
6,735
6,778
APP-14165903.FP.FTS.B,
19.24%,
6/12/25
34,005
33,741
APP-14337562.FP.FTS.B,
11.24%,
6/13/25
32,528
32,819
APP-14058139.FP.FTS.B,
11.84%,
6/15/25
8,665
8,739
APP-14058182.FP.FTS.B,
18.49%,
6/15/25
5,194
5,209
APP-14134773.FP.FTS.B,
21.99%,
6/15/25
6,942
6,903
APP-14319615.FP.FTS.B,
18.49%,
6/16/25
14,900
14,877
APP-13822936.FP.FTS.B,
9.34%,
6/17/25
.
19,572
19,777
APP-14057042.FP.FTS.B,
7.84%,
6/18/25
.
11,524
11,611
APP-14176007.FP.FTS.B,
7.84%,
6/18/25
.
16,046
16,213
APP-14182518.FP.FTS.B,
7.84%,
6/18/25
.
14,051
14,197
APP-14189826.FP.FTS.B,
9.34%,
6/18/25
.
19,422
19,630
APP-14058031.FP.FTS.B,
16.49%,
6/18/25
6,767
6,789
APP-14147815.FP.FTS.B,
19.99%,
6/18/25
9,379
9,266
APP-14145063.FP.FTS.B,
20.49%,
6/18/25
5,062
5,070
APP-14118175.FP.FTS.B,
10.09%,
6/19/25
11,712
11,842
APP-14058272.FP.FTS.B,
12.59%,
6/19/25
18,305
18,497
APP-14181617.FP.FTS.B,
18.49%,
6/19/25
10,847
10,875
APP-14188793.FP.FTS.B,
25.49%,
6/19/25
6,178
6,123
APP-14194578.FP.FTS.B,
25.49%,
6/19/25
5,345
5,299
APP-14057653.FP.FTS.B,
10.09%,
6/20/25
11,678
11,809
APP-14215775.FP.FTS.B,
16.49%,
6/20/25
13,057
13,175
APP-14192654.FP.FTS.B,
19.49%,
6/20/25
11,796
1,290
APP-14309929.FP.FTS.B,
25.49%,
6/20/25
1,514
838
APP-14349793.FP.FTS.B,
16.24%,
6/26/25
21,048
21,040
APP-14107541.FP.FTS.B,
10.09%,
6/28/25
4,901
4,923
APP-14196847.FP.FTS.B,
20.49%,
6/28/25
3,582
3,540
APP-14318446.FP.FTS.B,
23.49%,
6/28/25
8,732
8,635
APP-15705647.FP.FTS.B,
18.74%,
6/30/25
10,647
10,712
APP-15602534.FP.FTS.B,
17.24%,
7/02/25
14,780
14,670
APP-15754423.FP.FTS.B,
25.49%,
7/04/25
8,344
8,256
APP-14867025.FP.FTS.B,
8.24%,
7/06/25
.
15,600
15,733
APP-14874396.FP.FTS.B,
11.24%,
7/06/25
33,826
34,110
APP-15716641.FP.FTS.B,
25.49%,
7/06/25
7,484
7,333
APP-14907939.FP.FTS.B,
17.49%,
7/07/25
15,524
15,321
APP-14925295.FP.FTS.B,
10.24%,
7/08/25
25,607
25,828
APP-15017105.FP.FTS.B,
22.49%,
7/11/25
7,031
6,964
APP-14864961.FP.FTS.B,
22.74%,
7/11/25
4,739
4,648
APP-15033224.FP.FTS.B,
25.49%,
7/12/25
6,494
6,395
APP-16047052.FP.FTS.B,
20.74%,
7/13/25
29,277
29,066
APP-15043725.FP.FTS.B,
12.74%,
7/15/25
9,610
9,688
APP-14877854.FP.FTS.B,
14.99%,
7/15/25
3,811
3,810
APP-14866721.FP.FTS.B,
17.49%,
7/15/25
5,476
5,458
APP-14887227.FP.FTS.B,
17.49%,
7/15/25
8,421
8,436
APP-14890683.FP.FTS.B,
17.49%,
7/15/25
8,353
8,390
APP-15129611.FP.FTS.B,
10.49%,
7/16/25
8,097
8,176
APP-14867122.FP.FTS.B,
14.99%,
7/16/25
13,923
13,908
APP-14748673.FP.FTS.B,
10.74%,
7/17/25
10,179
10,277
APP-14866669.FP.FTS.B,
17.49%,
7/17/25
9,746
9,730
APP-14522319.FP.FTS.B,
10.24%,
7/20/25
19,245
19,472
APP-14854614.FP.FTS.B,
14.99%,
7/21/25
11,808
11,928
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
86
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-14909153.FP.FTS.B,
16.74%,
7/21/25
$
22,475
$
22,525
APP-14957730.FP.FTS.B,
16.99%,
7/21/25
16,836
16,860
APP-14920948.FP.FTS.B,
10.49%,
7/22/25
13,627
13,760
APP-14987575.FP.FTS.B,
19.99%,
7/22/25
11,654
4,037
APP-15015830.FP.FTS.B,
25.49%,
7/22/25
7,302
7,228
APP-15036503.FP.FTS.B,
25.49%,
7/22/25
10,369
10,263
APP-15038725.FP.FTS.B,
23.49%,
7/24/25
7,556
7,488
APP-17010427.FP.FTS.B,
8.74%,
7/25/25
.
10,920
11,020
APP-14867189.FP.FTS.B,
17.49%,
7/26/25
10,957
11,017
APP-15050243.FP.FTS.B,
18.99%,
7/26/25
7,108
7,149
APP-14543407.FP.FTS.B,
10.49%,
7/29/25
13,577
13,740
APP-15143633.FP.FTS.B,
10.49%,
7/30/25
10,602
10,740
APP-17096241.FP.FTS.B,
13.99%,
8/01/25
21,836
21,901
APP-17491589.FP.FTS.B,
11.49%,
8/03/25
20,062
20,197
APP-15593139.FP.FTS.B,
25.49%,
8/04/25
11,239
11,002
APP-16899367.FP.FTS.B,
25.49%,
8/04/25
6,698
6,658
APP-15235015.FP.FTS.B,
8.74%,
8/05/25
.
14,292
14,390
APP-15602610.FP.FTS.B,
16.49%,
8/05/25
7,394
7,369
APP-15739609.FP.FTS.B,
8.74%,
8/07/25
.
20,511
20,694
APP-17496469.FP.FTS.B,
14.99%,
8/10/25
11,829
6,360
APP-15464138.FP.FTS.B,
10.99%,
8/12/25
12,139
12,272
APP-15032228.FP.FTS.B,
23.49%,
8/12/25
7,587
7,469
APP-15025145.FP.FTS.B,
25.49%,
8/12/25
7,271
7,210
APP-15537240.FP.FTS.B,
25.49%,
8/12/25
9,522
9,378
APP-15567566.FP.FTS.B,
16.74%,
8/13/25
6,307
703
APP-15576269.FP.FTS.B,
25.49%,
8/13/25
9,465
9,329
APP-15715162.FP.FTS.B,
16.74%,
8/14/25
11,648
11,661
APP-15222033.FP.FTS.B,
22.24%,
8/14/25
24,244
24,004
APP-16065337.FP.FTS.B,
23.49%,
8/14/25
8,667
8,540
APP-15259729.FP.FTS.B,
25.49%,
8/14/25
8,355
2,973
APP-16046235.FP.FTS.B,
25.49%,
8/14/25
411
408
APP-13337231.FP.FTS.B,
8.99%,
8/15/25
.
12,003
12,130
APP-15399078.FP.FTS.B,
20.99%,
8/15/25
38,395
38,358
APP-15584390.FP.FTS.B,
25.49%,
8/15/25
1,949
1,923
APP-16002031.FP.FTS.B,
11.49%,
8/19/25
15,815
15,989
APP-10173660.FP.FTS.B,
14.49%,
8/19/25
29,506
29,977
APP-15744848.FP.FTS.B,
25.49%,
8/20/25
9,786
9,689
APP-15705051.FP.FTS.B,
11.74%,
8/21/25
31,273
31,634
APP-14371156.FP.FTS.B,
20.49%,
8/22/25
5,972
5,936
APP-15010755.FP.FTS.B,
25.49%,
8/23/25
17,264
17,082
APP-15524582.FP.FTS.B,
10.49%,
8/25/25
10,566
10,696
APP-16072062.FP.FTS.B,
25.49%,
8/26/25
4,911
4,864
APP-16069326.FP.FTS.B,
25.49%,
8/27/25
3,015
2,989
APP-16077556.FP.FTS.B,
14.99%,
8/28/25
29,414
29,769
APP-16638019.FP.FTS.B,
15.24%,
9/13/25
10,320
10,385
APP-16609197.FP.FTS.B,
12.99%,
9/15/25
12,859
12,984
APP-17493794.FP.FTS.B,
19.99%,
9/15/25
7,931
7,867
APP-16928712.FP.FTS.B,
17.99%,
9/17/25
13,003
13,082
APP-16931630.FP.FTS.B,
17.99%,
9/17/25
14,748
14,804
APP-17510658.FP.FTS.B,
16.24%,
9/18/25
11,542
11,619
APP-17058236.FP.FTS.B,
9.74%,
9/19/25
.
11,644
11,779
APP-16725749.FP.FTS.B,
13.99%,
9/20/25
14,997
15,142
APP-13608599.FP.FTS.B,
11.49%,
9/23/25
24,245
24,561
APP-16554677.FP.FTS.B,
13.24%,
9/25/25
29,563
29,864
APP-16806126.FP.FTS.B,
20.24%,
9/26/25
13,710
13,735
APP-17492407.FP.FTS.B,
20.99%,
9/27/25
5,997
669
APP-10482527.FP.FTS.B,
10.99%,
10/26/25
..........................
12,409
12,554
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-10846360.FP.FTS.B,
11.49%,
11/30/25
$
20,641
$
20,996
APP-11672772.FP.FTS.B,
13.99%,
12/01/25
19,750
19,953
APP-11657253.FP.FTS.B,
16.99%,
12/20/25
33,665
34,208
APP-11733135.FP.FTS.B,
20.99%,
12/22/25
7,005
7,160
APP-08649280.FP.FTS.B,
9.99%,
12/23/25
13,990
14,205
APP-11461331.FP.FTS.B,
8.99%,
12/25/25
20,032
20,304
APP-10224409.FP.FTS.B,
10.24%,
1/04/26
9,166
9,278
APP-11461158.FP.FTS.B,
7.99%,
1/26/26
.
26,577
26,982
APP-11727451.FP.FTS.B,
19.49%,
2/01/26
5,737
5,818
APP-11740312.FP.FTS.B,
20.49%,
2/03/26
13,920
14,127
APP-12270370.FP.FTS.B,
8.99%,
2/04/26
.
34,232
34,668
APP-11693759.FP.FTS.B,
13.99%,
2/05/26
16,038
16,292
APP-11750555.FP.FTS.B,
19.49%,
2/06/26
8,362
8,541
APP-11750277.FP.FTS.B,
20.99%,
2/06/26
5,508
5,601
APP-11872702.FP.FTS.B,
7.99%,
2/20/26
.
15,592
15,826
APP-15727324.FP.FTS.B,
25.49%,
2/20/26
9,278
2,113
APP-11880862.FP.FTS.B,
17.99%,
2/21/26
8,542
8,709
APP-11934555.FP.FTS.B,
19.49%,
2/22/26
11,707
11,899
APP-12409087.FP.FTS.B,
7.99%,
3/08/26
.
17,035
17,267
APP-12287223.FP.FTS.B,
19.99%,
3/08/26
12,357
12,556
APP-12415046.FP.FTS.B,
16.49%,
3/10/26
14,511
14,702
APP-12410099.FP.FTS.B,
10.24%,
3/15/26
11,442
11,608
APP-12417109.FP.FTS.B,
15.49%,
3/21/26
7,208
7,330
APP-12270589.FP.FTS.B,
10.24%,
3/22/26
12,926
13,134
APP-14057607.FP.FTS.B,
13.99%,
4/30/26
14,935
15,211
APP-14153218.FP.FTS.B,
17.99%,
5/01/26
21,471
21,649
APP-14308214.FP.FTS.B,
17.49%,
5/06/26
10,665
10,765
APP-13754165.FP.FTS.B,
8.34%,
5/16/26
.
26,396
26,774
APP-13539948.FP.FTS.B,
21.74%,
5/18/26
15,663
15,882
APP-12270410.FP.FTS.B,
8.34%,
5/20/26
.
19,168
19,486
APP-13700095.FP.FTS.B,
21.74%,
5/20/26
9,157
9,078
APP-12032996.FP.FTS.B,
12.34%,
5/22/26
8,930
9,072
APP-13485505.FP.FTS.B,
15.74%,
5/22/26
23,469
23,842
APP-13826786.FP.FTS.B,
16.49%,
6/03/26
9,374
9,508
APP-13823472.FP.FTS.B,
17.24%,
6/03/26
29,748
30,028
APP-14175261.FP.FTS.B,
20.49%,
6/05/26
24,607
24,838
APP-14058279.FP.FTS.B,
21.74%,
6/10/26
16,145
16,242
APP-14297747.FP.FTS.B,
22.99%,
6/12/26
7,956
8,017
APP-14338698.FP.FTS.B,
14.74%,
6/13/26
34,714
35,177
APP-14057255.FP.FTS.B,
12.34%,
6/15/26
10,549
10,706
APP-14222736.FP.FTS.B,
12.84%,
6/15/26
14,470
14,671
APP-14174847.FP.FTS.B,
16.49%,
6/15/26
22,816
6,937
APP-14058114.FP.FTS.B,
16.99%,
6/15/26
14,750
14,950
APP-14057971.FP.FTS.B,
17.99%,
6/15/26
11,608
11,788
APP-14331555.FP.FTS.B,
20.49%,
6/15/26
6,587
2,514
APP-14185776.FP.FTS.B,
18.49%,
6/16/26
10,140
10,274
APP-14085492.FP.FTS.B,
9.84%,
6/17/26
.
23,667
24,031
APP-14181485.FP.FTS.B,
11.34%,
6/17/26
37,871
38,460
APP-14058166.FP.FTS.B,
18.99%,
6/17/26
13,073
1,266
APP-14176550.FP.FTS.B,
10.34%,
6/18/26
26,408
26,831
APP-14057334.FP.FTS.B,
17.49%,
6/18/26
17,956
18,207
APP-14192027.FP.FTS.B,
9.84%,
6/19/26
.
23,151
23,524
APP-07740556.FP.FTS.B,
12.59%,
6/19/26
18,969
19,280
APP-13767318.FP.FTS.B,
13.34%,
6/19/26
32,469
33,001
APP-13963648.FP.FTS.B,
17.24%,
6/19/26
25,328
25,693
APP-13768424.FP.FTS.B,
17.49%,
6/19/26
19,896
20,187
APP-14057973.FP.FTS.B,
17.99%,
6/19/26
14,175
14,494
APP-14214629.FP.FTS.B,
10.34%,
6/20/26
21,999
22,334
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
87
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-14193365.FP.FTS.B,
21.49%,
6/20/26
$
14,415
$
14,606
APP-14178499.FP.FTS.B,
26.49%,
6/21/26
6,120
6,198
APP-14325259.FP.FTS.B,
15.99%,
6/24/26
20,849
4,168
APP-15602395.FP.FTS.B,
17.24%,
6/24/26
17,633
17,857
APP-14329001.FP.FTS.B,
23.49%,
6/24/26
6,055
6,150
APP-14280430.FP.FTS.B,
20.49%,
6/25/26
14,464
14,633
APP-15479960.FP.FTS.B,
24.74%,
6/29/26
8,529
8,651
APP-15673409.FP.FTS.B,
17.24%,
7/01/26
6,523
6,590
APP-14548332.FP.FTS.B,
16.49%,
7/05/26
20,515
20,687
APP-16068283.FP.FTS.B,
20.74%,
7/05/26
20,846
20,951
APP-15676938.FP.FTS.B,
14.49%,
7/06/26
8,008
8,111
APP-14801281.FP.FTS.B,
14.99%,
7/08/26
12,400
12,555
APP-14689091.FP.FTS.B,
17.49%,
7/09/26
3,628
3,610
APP-14943051.FP.FTS.B,
17.99%,
7/09/26
16,508
9,279
APP-14522661.FP.FTS.B,
15.99%,
7/10/26
21,131
21,386
APP-16070360.FP.FTS.B,
20.74%,
7/10/26
34,560
34,841
APP-15869429.FP.FTS.B,
21.99%,
7/10/26
7,400
7,441
APP-15045798.FP.FTS.B,
17.74%,
7/12/26
33,049
18,581
APP-15054747.FP.FTS.B,
21.49%,
7/12/26
21,215
21,363
APP-16085008.FP.FTS.B,
18.49%,
7/14/26
15,470
15,615
APP-14920803.FP.FTS.B,
16.99%,
7/15/26
12,421
12,601
APP-14921360.FP.FTS.B,
16.99%,
7/15/26
11,451
11,616
APP-14865932.FP.FTS.B,
17.49%,
7/15/26
21,526
21,726
APP-11443413.FP.FTS.B,
10.59%,
7/17/26
28,092
28,492
APP-14689124.FP.FTS.B,
10.99%,
7/17/26
14,707
14,930
APP-14882473.FP.FTS.B,
12.99%,
7/17/26
32,178
32,616
APP-14688569.FP.FTS.B,
17.74%,
7/17/26
28,584
28,909
APP-14816252.FP.FTS.B,
10.74%,
7/18/26
16,270
16,520
APP-14688717.FP.FTS.B,
10.99%,
7/18/26
9,849
10,001
APP-14870900.FP.FTS.B,
17.49%,
7/19/26
15,793
16,049
APP-14905708.FP.FTS.B,
16.99%,
7/20/26
9,987
10,152
APP-14820629.FP.FTS.B,
17.24%,
7/20/26
31,998
32,319
APP-15020361.FP.FTS.B,
26.49%,
7/20/26
6,446
2,249
APP-14902088.FP.FTS.B,
11.24%,
7/22/26
12,222
12,409
APP-15025202.FP.FTS.B,
23.74%,
7/22/26
14,998
15,096
APP-14865904.FP.FTS.B,
15.74%,
7/23/26
30,998
31,528
APP-14980679.FP.FTS.B,
17.99%,
7/23/26
11,084
3,444
APP-14964964.FP.FTS.B,
18.99%,
7/23/26
20,776
21,022
APP-13767438.FP.FTS.B,
10.74%,
7/25/26
27,117
27,550
APP-15048537.FP.FTS.B,
20.99%,
7/25/26
20,343
20,575
APP-13608775.FP.FTS.B,
13.49%,
7/26/26
22,070
22,426
APP-17114653.FP.FTS.B,
18.74%,
8/01/26
6,604
6,619
APP-17112981.FP.FTS.B,
10.74%,
8/03/26
13,569
13,710
APP-16811535.FP.FTS.B,
21.74%,
8/03/26
33,574
33,616
APP-14371743.FP.FTS.B,
12.24%,
8/05/26
15,794
15,984
APP-17117415.FP.FTS.B,
11.24%,
8/06/26
23,696
23,990
APP-15727191.FP.FTS.B,
15.74%,
8/07/26
17,733
17,870
APP-17510305.FP.FTS.B,
18.49%,
8/07/26
20,326
20,492
APP-15603934.FP.FTS.B,
24.74%,
8/07/26
9,503
930
APP-15589148.FP.FTS.B,
14.49%,
8/08/26
8,467
8,590
APP-10219598.FP.FTS.B,
15.49%,
8/11/26
11,186
11,427
APP-15594842.FP.FTS.B,
17.24%,
8/12/26
16,326
16,488
APP-16036383.FP.FTS.B,
20.24%,
8/13/26
9,829
9,925
APP-15327014.FP.FTS.B,
9.24%,
8/14/26
.
26,832
27,262
APP-15585646.FP.FTS.B,
9.49%,
8/14/26
.
10,854
11,019
APP-15594751.FP.FTS.B,
10.74%,
8/14/26
25,054
25,444
APP-15585110.FP.FTS.B,
11.49%,
8/14/26
14,917
15,155
APP-16050065.FP.FTS.B,
23.99%,
8/14/26
6,649
6,669
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-15449600.FP.FTS.B,
20.74%,
8/15/26
$
20,421
$
20,604
APP-15763520.FP.FTS.B,
20.74%,
8/15/26
21,413
21,605
APP-15526039.FP.FTS.B,
21.74%,
8/15/26
11,622
11,703
APP-15529270.FP.FTS.B,
24.74%,
8/15/26
2,531
2,503
APP-16072518.FP.FTS.B,
12.49%,
8/16/26
39,767
40,323
APP-10235724.FP.FTS.B,
15.49%,
8/20/26
37,254
10,824
APP-15493477.FP.FTS.B,
16.74%,
8/20/26
15,451
15,706
APP-15602180.FP.FTS.B,
18.74%,
8/20/26
12,983
13,205
APP-15747887.FP.FTS.B,
18.74%,
8/20/26
10,405
1,094
APP-15743821.FP.FTS.B,
26.49%,
8/20/26
9,355
9,441
APP-15757972.FP.FTS.B,
18.24%,
8/21/26
12,753
12,974
APP-15750146.FP.FTS.B,
19.24%,
8/21/26
9,905
10,049
APP-15467456.FP.FTS.B,
26.49%,
8/21/26
8,995
9,095
APP-13200176.FP.FTS.B,
16.49%,
8/24/26
11,106
11,295
APP-12414817.FP.FTS.B,
15.24%,
8/26/26
15,792
16,061
APP-12674952.FP.FTS.B,
15.24%,
8/26/26
13,271
13,406
APP-16078255.FP.FTS.B,
19.24%,
8/26/26
21,852
22,191
APP-16046150.FP.FTS.B,
21.74%,
8/26/26
4,594
4,567
APP-16051271.FP.FTS.B,
21.74%,
8/27/26
12,507
12,673
APP-15951898.FP.FTS.B,
16.49%,
8/28/26
25,058
25,374
APP-15872992.FP.FTS.B,
19.24%,
8/28/26
15,761
16,009
APP-16947974.FP.FTS.B,
13.24%,
9/06/26
14,645
14,758
APP-17143594.FP.FTS.B,
9.99%,
9/07/26
.
12,692
12,849
APP-17156366.FP.FTS.B,
11.24%,
9/07/26
18,617
18,824
APP-16728029.FP.FTS.B,
26.49%,
9/09/26
6,861
6,858
APP-15043711.FP.FTS.B,
26.49%,
9/12/26
8,819
2,996
APP-17115080.FP.FTS.B,
15.24%,
9/13/26
9,241
9,354
APP-15872822.FP.FTS.B,
19.24%,
9/15/26
10,762
10,843
APP-16681815.FP.FTS.B,
8.24%,
9/16/26
.
21,071
21,372
APP-14329008.FP.FTS.B,
19.49%,
9/17/26
21,432
21,508
APP-16637553.FP.FTS.B,
24.49%,
9/17/26
9,061
9,086
APP-16640720.FP.FTS.B,
9.99%,
9/18/26
.
40,375
40,978
APP-16637870.FP.FTS.B,
12.49%,
9/18/26
13,046
13,246
APP-17100593.FP.FTS.B,
9.49%,
9/20/26
.
16,072
16,318
APP-17124398.FP.FTS.B,
9.74%,
9/20/26
.
40,345
40,951
APP-16119643.FP.FTS.B,
12.24%,
9/20/26
24,230
24,620
APP-17439783.FP.FTS.B,
10.74%,
9/25/26
4,857
4,933
APP-17331723.FP.FTS.B,
16.99%,
9/25/26
22,648
22,893
APP-17501525.FP.FTS.B,
10.49%,
9/26/26
16,961
1,890
APP-15458893.FP.FTS.B,
20.74%,
10/15/26
..........................
19,414
6,360
APP-16067938.FP.FTS.B,
18.74%,
10/24/26
..........................
19,453
6,080
APP-10745954.FP.FTS.B,
12.74%,
11/30/26
26,683
27,179
APP-11742538.FP.FTS.B,
16.49%,
12/15/26
19,801
20,085
APP-11603796.FP.FTS.B,
20.99%,
12/15/26
11,762
12,046
APP-11741994.FP.FTS.B,
18.99%,
12/16/26
13,135
13,371
APP-11695022.FP.FTS.B,
16.49%,
12/17/26
18,549
18,850
APP-11737893.FP.FTS.B,
25.49%,
12/18/26
8,712
8,851
APP-11743333.FP.FTS.B,
16.49%,
12/19/26
11,466
11,650
APP-11021819.FP.FTS.B,
20.49%,
12/20/26
21,016
2,287
APP-11694428.FP.FTS.B,
14.49%,
12/22/26
7,063
7,176
APP-11742165.FP.FTS.B,
18.49%,
12/22/26
9,296
9,495
APP-11739845.FP.FTS.B,
19.99%,
12/22/26
10,495
10,742
APP-11751120.FP.FTS.B,
8.99%,
12/23/26
29,085
29,562
APP-11694004.FP.FTS.B,
11.74%,
12/23/26
36,879
37,477
APP-11749943.FP.FTS.B,
18.49%,
12/23/26
10,599
10,769
APP-11708423.FP.FTS.B,
20.99%,
12/23/26
28,312
28,951
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
88
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-11743539.FP.FTS.B,
21.74%,
12/23/26
$
19,741
$
20,224
APP-11752109.FP.FTS.B,
22.49%,
12/23/26
8,327
8,524
APP-10229823.FP.FTS.B,
25.49%,
12/26/26
..........................
7,994
8,173
APP-11940969.FP.FTS.B,
13.99%,
1/05/27
15,474
15,479
APP-11890774.FP.FTS.B,
8.99%,
1/06/27
.
29,759
30,161
APP-11920032.FP.FTS.B,
19.99%,
1/07/27
19,841
20,059
APP-11909846.FP.FTS.B,
23.74%,
1/07/27
23,658
3,062
APP-11939491.FP.FTS.B,
15.49%,
1/08/27
12,000
12,156
APP-11795112.FP.FTS.B,
19.99%,
1/08/27
11,734
11,822
APP-11929275.FP.FTS.B,
19.99%,
1/08/27
7,933
8,027
APP-11934748.FP.FTS.B,
22.49%,
1/08/27
8,518
1,772
APP-12270584.FP.FTS.B,
10.49%,
1/25/27
6,723
4,294
APP-11749683.FP.FTS.B,
16.74%,
1/25/27
21,607
22,007
APP-11704729.FP.FTS.B,
16.99%,
1/25/27
15,247
15,509
APP-11752310.FP.FTS.B,
25.49%,
1/28/27
1,504
1,495
APP-12268807.FP.FTS.B,
10.99%,
2/01/27
20,495
20,739
APP-11022562.FP.FTS.B,
11.74%,
2/01/27
7,622
7,710
APP-11753946.FP.FTS.B,
8.99%,
2/03/27
.
20,878
21,175
APP-12396734.FP.FTS.B,
11.74%,
2/03/27
38,547
39,021
APP-11732843.FP.FTS.B,
14.74%,
2/03/27
40,086
20,981
APP-11712261.FP.FTS.B,
18.49%,
2/03/27
12,474
12,548
APP-11745377.FP.FTS.B,
21.49%,
2/04/27
12,796
12,893
APP-11612708.FP.FTS.B,
22.99%,
2/04/27
13,025
13,145
APP-11752870.FP.FTS.B,
16.49%,
2/05/27
9,445
9,588
APP-12293217.FP.FTS.B,
17.49%,
2/05/27
19,898
20,086
APP-11742593.FP.FTS.B,
17.99%,
2/05/27
7,959
8,050
APP-11703116.FP.FTS.B,
19.49%,
2/05/27
9,621
9,721
APP-11799159.FP.FTS.B,
11.49%,
2/15/27
12,356
12,536
APP-11922307.FP.FTS.B,
20.49%,
2/15/27
9,607
9,708
APP-11919163.FP.FTS.B,
10.99%,
2/17/27
20,979
21,299
APP-11904406.FP.FTS.B,
11.24%,
2/19/27
14,504
14,734
APP-11942494.FP.FTS.B,
18.99%,
2/19/27
15,092
15,314
APP-11940530.FP.FTS.B,
13.49%,
2/20/27
14,304
14,537
APP-11942190.FP.FTS.B,
18.49%,
2/20/27
10,111
10,265
APP-11509327.FP.FTS.B,
18.99%,
2/20/27
25,354
25,730
APP-11923837.FP.FTS.B,
19.74%,
2/20/27
33,108
33,378
APP-11944817.FP.FTS.B,
20.49%,
2/20/27
5,454
5,402
APP-11810142.FP.FTS.B,
10.99%,
2/21/27
19,025
19,352
APP-11878337.FP.FTS.B,
11.24%,
2/21/27
10,148
1,845
APP-11937475.FP.FTS.B,
16.49%,
2/21/27
19,793
20,100
APP-11928189.FP.FTS.B,
18.49%,
2/21/27
4,965
3,350
APP-11939575.FP.FTS.B,
22.49%,
2/21/27
7,356
7,482
APP-11927887.FP.FTS.B,
9.24%,
2/22/27
.
9,525
9,686
APP-11861145.FP.FTS.B,
13.24%,
2/22/27
16,014
16,251
APP-11941579.FP.FTS.B,
16.49%,
2/22/27
15,616
15,821
APP-11872292.FP.FTS.B,
19.99%,
2/22/27
11,248
11,423
APP-15432708.FP.FTS.B,
24.74%,
3/05/27
6,943
6,976
APP-12361627.FP.FTS.B,
8.99%,
3/07/27
.
19,002
19,263
APP-12232977.FP.FTS.B,
14.74%,
3/07/27
39,278
39,770
APP-12389833.FP.FTS.B,
16.49%,
3/07/27
9,516
9,612
APP-12183710.FP.FTS.B,
22.99%,
3/07/27
4,370
4,280
APP-12410874.FP.FTS.B,
10.99%,
3/08/27
19,236
19,501
APP-12418857.FP.FTS.B,
11.24%,
3/08/27
10,788
10,936
APP-12405015.FP.FTS.B,
13.24%,
3/08/27
15,824
16,036
APP-12415944.FP.FTS.B,
13.24%,
3/08/27
19,970
20,308
APP-12412062.FP.FTS.B,
16.49%,
3/08/27
21,426
21,699
APP-12416735.FP.FTS.B,
11.24%,
3/15/27
10,113
10,267
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-12032886.FP.FTS.B,
16.99%,
3/16/27
$
8,535
$
8,636
APP-12384050.FP.FTS.B,
13.74%,
3/17/27
21,435
21,765
APP-12397582.FP.FTS.B,
19.99%,
3/18/27
21,088
21,230
APP-12408565.FP.FTS.B,
17.99%,
3/19/27
18,670
18,892
APP-12408445.FP.FTS.B,
20.99%,
3/19/27
10,744
10,852
APP-12270281.FP.FTS.B,
10.99%,
3/20/27
15,712
15,967
APP-11947650.FP.FTS.B,
15.49%,
3/20/27
12,728
12,902
APP-12270508.FP.FTS.B,
8.99%,
3/21/27
.
15,458
15,629
APP-11694093.FP.FTS.B,
13.49%,
3/21/27
14,960
15,209
APP-12402081.FP.FTS.B,
18.49%,
3/21/27
23,199
23,474
APP-11940575.FP.FTS.B,
25.49%,
3/21/27
7,322
7,430
APP-12412441.FP.FTS.B,
11.24%,
3/22/27
31,023
31,533
APP-12421438.FP.FTS.B,
11.24%,
3/22/27
9,272
9,427
APP-12412264.FP.FTS.B,
19.99%,
3/22/27
11,452
11,597
APP-11749955.FP.FTS.B,
19.99%,
4/05/27
13,185
1,376
APP-13642414.FP.FTS.B,
17.99%,
4/11/27
21,047
21,230
APP-11877626.FP.FTS.B,
13.59%,
4/14/27
32,356
32,789
APP-13682302.FP.FTS.B,
18.49%,
4/15/27
8,500
8,576
APP-13824171.FP.FTS.B,
20.24%,
4/15/27
32,443
32,469
APP-13744711.FP.FTS.B,
26.49%,
4/15/27
7,246
2,562
APP-12119826.FP.FTS.B,
12.09%,
4/16/27
39,972
40,456
APP-13846094.FP.FTS.B,
19.49%,
4/16/27
6,221
6,282
APP-13767273.FP.FTS.B,
11.59%,
4/18/27
13,211
13,397
APP-13929153.FP.FTS.B,
9.59%,
4/20/27
.
10,806
10,954
APP-14057284.FP.FTS.B,
13.59%,
4/23/27
31,683
32,063
APP-13920277.FP.FTS.B,
17.99%,
4/24/27
18,157
18,384
APP-13899643.FP.FTS.B,
12.09%,
4/28/27
39,635
40,188
APP-14059320.FP.FTS.B,
16.99%,
4/30/27
21,174
11,109
APP-14099769.FP.FTS.B,
20.49%,
4/30/27
16,631
16,864
APP-14199304.FP.FTS.B,
13.59%,
5/01/27
28,739
29,034
APP-14146465.FP.FTS.B,
17.99%,
5/01/27
3,626
3,628
APP-14187476.FP.FTS.B,
17.99%,
5/01/27
22,338
22,406
APP-14176600.FP.FTS.B,
22.99%,
5/01/27
9,732
9,697
APP-14087177.FP.FTS.B,
18.99%,
5/02/27
14,142
8,576
APP-14289803.FP.FTS.B,
22.49%,
5/02/27
8,051
8,036
APP-14041540.FP.FTS.B,
11.59%,
5/03/27
17,153
17,347
APP-14129708.FP.FTS.B,
11.34%,
5/05/27
27,409
27,765
APP-14179808.FP.FTS.B,
17.99%,
5/05/27
23,492
23,612
APP-14172338.FP.FTS.B,
18.49%,
5/05/27
10,813
10,777
APP-14163190.FP.FTS.B,
18.74%,
5/05/27
28,255
28,225
APP-13965445.FP.FTS.B,
20.24%,
5/08/27
16,905
16,901
APP-14263477.FP.FTS.B,
21.99%,
5/10/27
15,338
15,336
APP-13484916.FP.FTS.B,
14.99%,
5/12/27
17,175
17,391
APP-14330285.FP.FTS.B,
11.74%,
5/13/27
21,626
21,905
APP-13720484.FP.FTS.B,
11.34%,
5/15/27
32,006
32,459
APP-13483981.FP.FTS.B,
16.99%,
5/15/27
10,442
10,524
APP-13485148.FP.FTS.B,
18.49%,
5/15/27
24,950
25,112
APP-13526490.FP.FTS.B,
20.24%,
5/15/27
37,694
4,034
APP-13694672.FP.FTS.B,
24.99%,
5/15/27
25,607
25,647
APP-13725984.FP.FTS.B,
13.59%,
5/17/27
24,732
25,065
APP-13302047.FP.FTS.B,
13.74%,
5/17/27
8,674
8,795
APP-13417402.FP.FTS.B,
17.99%,
5/18/27
12,287
12,359
APP-12287013.FP.FTS.B,
18.24%,
5/18/27
26,453
26,721
APP-13849753.FP.FTS.B,
9.34%,
5/20/27
.
25,335
25,709
APP-13484281.FP.FTS.B,
11.34%,
5/20/27
8,619
8,654
APP-13800465.FP.FTS.B,
18.49%,
5/20/27
9,941
10,042
APP-13529032.FP.FTS.B,
18.74%,
5/20/27
29,341
29,658
APP-13628826.FP.FTS.B,
19.49%,
5/20/27
23,914
4,921
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
89
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-13705972.FP.FTS.B,
26.49%,
5/20/27
$
8,692
$
8,719
APP-13542298.FP.FTS.B,
11.34%,
5/21/27
20,636
20,989
APP-13811007.FP.FTS.B,
11.34%,
5/21/27
21,064
21,363
APP-13827996.FP.FTS.B,
13.84%,
5/21/27
15,893
16,112
APP-13848454.FP.FTS.B,
16.09%,
5/21/27
9,373
9,502
APP-13767415.FP.FTS.B,
19.49%,
5/21/27
15,956
16,099
APP-13675017.FP.FTS.B,
20.49%,
5/21/27
12,623
12,716
APP-13826410.FP.FTS.B,
20.49%,
5/21/27
17,221
17,249
APP-13838022.FP.FTS.B,
22.49%,
5/21/27
6,750
6,802
APP-13660286.FP.FTS.B,
22.99%,
5/21/27
8,188
8,275
APP-13840262.FP.FTS.B,
23.49%,
5/21/27
10,592
10,644
APP-11743712.FP.FTS.B,
21.49%,
5/22/27
12,695
12,779
APP-13921670.FP.FTS.B,
18.49%,
5/24/27
3,004
3,002
APP-13628676.FP.FTS.B,
16.99%,
5/27/27
10,353
10,535
APP-13485109.FP.FTS.B,
20.49%,
5/27/27
10,150
10,262
APP-13724215.FP.FTS.B,
10.09%,
5/28/27
38,151
38,790
APP-13751462.FP.FTS.B,
11.59%,
5/28/27
30,514
31,023
APP-13574037.FP.FTS.B,
15.24%,
5/28/27
37,997
38,605
APP-13628755.FP.FTS.B,
19.49%,
5/28/27
8,864
8,999
APP-13521024.FP.FTS.B,
20.99%,
5/28/27
13,580
13,741
APP-13696300.FP.FTS.B,
13.84%,
5/29/27
12,249
12,465
APP-13932583.FP.FTS.B,
15.49%,
5/30/27
5,949
5,925
APP-13836108.FP.FTS.B,
13.59%,
5/31/27
33,103
33,519
APP-13852222.FP.FTS.B,
26.49%,
5/31/27
8,092
8,137
APP-14965459.FP.FTS.B,
17.24%,
6/01/27
25,346
25,523
APP-15037607.FP.FTS.B,
20.99%,
6/01/27
9,664
9,625
APP-13819936.FP.FTS.B,
13.59%,
6/02/27
19,393
1,994
APP-13623936.FP.FTS.B,
9.34%,
6/03/27
.
32,407
32,844
APP-13816811.FP.FTS.B,
18.99%,
6/03/27
17,029
17,071
APP-14795053.FP.FTS.B,
26.99%,
6/03/27
7,876
7,763
APP-13628843.FP.FTS.B,
16.99%,
6/04/27
10,660
10,768
APP-14688354.FP.FTS.B,
17.49%,
6/04/27
21,802
21,989
APP-15009891.FP.FTS.B,
20.74%,
6/05/27
26,759
26,601
APP-13965578.FP.FTS.B,
22.49%,
6/05/27
3,042
2,987
APP-14190918.FP.FTS.B,
9.59%,
6/06/27
.
6,668
6,696
APP-14191584.FP.FTS.B,
11.34%,
6/06/27
30,435
30,859
APP-14200239.FP.FTS.B,
11.34%,
6/06/27
32,270
32,684
APP-14177752.FP.FTS.B,
11.59%,
6/06/27
21,121
21,357
APP-14165096.FP.FTS.B,
14.74%,
6/06/27
24,982
25,267
APP-14192451.FP.FTS.B,
17.99%,
6/06/27
24,768
24,847
APP-14083608.FP.FTS.B,
20.49%,
6/06/27
10,073
9,943
APP-14192777.FP.FTS.B,
20.49%,
6/06/27
12,726
12,681
APP-13961157.FP.FTS.B,
12.09%,
6/07/27
40,462
40,926
APP-14143499.FP.FTS.B,
17.24%,
6/07/27
27,856
27,961
APP-14225512.FP.FTS.B,
20.49%,
6/07/27
8,475
8,496
APP-14212766.FP.FTS.B,
26.49%,
6/07/27
8,877
3,066
APP-14925385.FP.FTS.B,
15.49%,
6/10/27
12,735
12,852
APP-13914635.FP.FTS.B,
20.99%,
6/10/27
17,033
17,023
APP-15045243.FP.FTS.B,
21.49%,
6/10/27
16,748
16,697
APP-14179267.FP.FTS.B,
17.24%,
6/11/27
40,638
41,097
APP-14197185.FP.FTS.B,
20.49%,
6/12/27
17,854
6,015
APP-14221142.FP.FTS.B,
24.24%,
6/12/27
20,024
19,960
APP-14324970.FP.FTS.B,
24.74%,
6/12/27
12,177
12,207
APP-14189919.FP.FTS.B,
20.49%,
6/13/27
13,488
13,498
APP-14217163.FP.FTS.B,
11.34%,
6/14/27
17,718
1,864
APP-14226274.FP.FTS.B,
10.84%,
6/15/27
24,436
24,769
APP-14176860.FP.FTS.B,
20.24%,
6/15/27
25,613
25,730
APP-14227617.FP.FTS.B,
20.99%,
6/15/27
8,523
8,533
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-14197537.FP.FTS.B,
22.99%,
6/15/27
$
8,901
$
8,921
APP-14128298.FP.FTS.B,
23.99%,
6/15/27
12,825
12,861
APP-14219059.FP.FTS.B,
11.34%,
6/16/27
16,339
16,567
APP-15597460.FP.FTS.B,
16.49%,
6/16/27
26,548
26,760
APP-14301553.FP.FTS.B,
22.49%,
6/16/27
15,671
15,690
APP-14046117.FP.FTS.B,
9.59%,
6/17/27
.
13,227
13,424
APP-14151947.FP.FTS.B,
10.84%,
6/17/27
24,486
24,857
APP-14138938.FP.FTS.B,
11.59%,
6/17/27
13,747
13,957
APP-14194032.FP.FTS.B,
13.59%,
6/17/27
21,281
21,584
APP-14104736.FP.FTS.B,
15.49%,
6/17/27
4,390
4,387
APP-14188906.FP.FTS.B,
16.99%,
6/17/27
16,843
17,084
APP-14160914.FP.FTS.B,
20.99%,
6/17/27
15,936
15,951
APP-14200894.FP.FTS.B,
23.49%,
6/17/27
11,714
11,731
APP-14243912.FP.FTS.B,
26.49%,
6/17/27
7,423
7,433
APP-14301044.FP.FTS.B,
26.49%,
6/17/27
7,903
7,911
APP-13921051.FP.FTS.B,
14.74%,
6/18/27
33,228
33,720
APP-14057201.FP.FTS.B,
15.99%,
6/18/27
10,074
10,165
APP-13986857.FP.FTS.B,
20.49%,
6/18/27
12,863
12,947
APP-14108165.FP.FTS.B,
20.49%,
6/18/27
15,625
15,691
APP-14152014.FP.FTS.B,
20.49%,
6/18/27
8,981
9,037
APP-14181527.FP.FTS.B,
22.49%,
6/18/27
13,311
4,617
APP-14066107.FP.FTS.B,
9.34%,
6/19/27
.
32,408
32,903
APP-14157257.FP.FTS.B,
11.34%,
6/19/27
16,382
16,642
APP-14170154.FP.FTS.B,
11.59%,
6/19/27
9,842
9,999
APP-14165192.FP.FTS.B,
17.99%,
6/19/27
16,551
16,711
APP-14159215.FP.FTS.B,
18.49%,
6/19/27
9,478
9,622
APP-14191093.FP.FTS.B,
18.99%,
6/19/27
17,029
17,175
APP-14195378.FP.FTS.B,
19.49%,
6/19/27
24,241
24,497
APP-14025039.FP.FTS.B,
20.49%,
6/19/27
11,148
11,198
APP-14034800.FP.FTS.B,
22.24%,
6/19/27
17,239
17,259
APP-14326267.FP.FTS.B,
23.74%,
6/19/27
26,539
26,486
APP-14194801.FP.FTS.B,
11.34%,
6/20/27
16,389
16,653
APP-14202174.FP.FTS.B,
11.59%,
6/20/27
10,667
10,840
APP-14202404.FP.FTS.B,
12.09%,
6/20/27
41,136
41,809
APP-14077334.FP.FTS.B,
13.59%,
6/20/27
24,156
24,511
APP-14188625.FP.FTS.B,
13.59%,
6/20/27
16,560
16,802
APP-14162980.FP.FTS.B,
16.74%,
6/20/27
31,428
31,643
APP-14057492.FP.FTS.B,
16.99%,
6/20/27
12,448
12,554
APP-14066475.FP.FTS.B,
17.99%,
6/20/27
22,646
22,844
APP-14194952.FP.FTS.B,
17.99%,
6/20/27
16,944
17,120
APP-14198467.FP.FTS.B,
18.99%,
6/20/27
22,326
22,432
APP-14221223.FP.FTS.B,
19.24%,
6/20/27
40,927
41,269
APP-14172834.FP.FTS.B,
20.99%,
6/20/27
9,901
9,923
APP-14159440.FP.FTS.B,
21.99%,
6/20/27
13,478
13,556
APP-14195756.FP.FTS.B,
22.49%,
6/20/27
13,725
13,768
APP-14199815.FP.FTS.B,
22.49%,
6/20/27
9,673
9,752
APP-08640096.FP.FTS.B,
11.34%,
6/21/27
22,979
23,334
APP-14317227.FP.FTS.B,
20.74%,
6/21/27
33,410
11,398
APP-14278564.FP.FTS.B,
20.49%,
6/24/27
10,862
10,909
APP-14292674.FP.FTS.B,
21.99%,
6/25/27
14,852
14,941
APP-14215379.FP.FTS.B,
17.49%,
6/26/27
15,125
15,377
APP-14353491.FP.FTS.B,
22.74%,
6/26/27
11,056
1,162
APP-14178588.FP.FTS.B,
22.99%,
6/26/27
1,888
1,873
APP-13787332.FP.FTS.B,
11.34%,
6/27/27
20,895
21,249
APP-14178884.FP.FTS.B,
17.49%,
6/27/27
9,149
9,177
APP-14346063.FP.FTS.B,
18.49%,
6/27/27
21,251
21,523
APP-14335387.FP.FTS.B,
19.49%,
6/27/27
18,230
18,416
APP-14335800.FP.FTS.B,
19.99%,
6/27/27
12,616
12,768
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
90
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-14341730.FP.FTS.B,
20.99%,
6/27/27
$
12,474
$
12,582
APP-13695730.FP.FTS.B,
26.49%,
6/28/27
6,536
6,588
APP-15557986.FP.FTS.B,
10.99%,
6/30/27
35,319
35,879
APP-15748724.FP.FTS.B,
12.49%,
7/01/27
20,260
20,451
APP-15753390.FP.FTS.B,
26.99%,
7/01/27
8,852
8,740
APP-15425472.FP.FTS.B,
18.99%,
7/02/27
26,806
26,811
APP-15635946.FP.FTS.B,
24.74%,
7/03/27
14,313
14,266
APP-15718781.FP.FTS.B,
26.74%,
7/03/27
4,192
4,079
APP-15653357.FP.FTS.B,
21.24%,
7/04/27
6,979
6,985
APP-15686162.FP.FTS.B,
25.24%,
7/05/27
17,218
17,081
APP-14883847.FP.FTS.B,
17.24%,
7/06/27
6,366
6,435
APP-15716454.FP.FTS.B,
20.24%,
7/06/27
15,936
15,907
APP-14197811.FP.FTS.B,
20.49%,
7/06/27
16,851
16,843
APP-15556990.FP.FTS.B,
21.24%,
7/06/27
8,738
8,756
APP-14902078.FP.FTS.B,
11.74%,
7/07/27
20,664
20,920
APP-14904704.FP.FTS.B,
13.99%,
7/07/27
31,845
32,210
APP-14911217.FP.FTS.B,
13.99%,
7/07/27
20,238
20,488
APP-15744265.FP.FTS.B,
14.49%,
7/07/27
9,427
9,440
APP-14935613.FP.FTS.B,
11.99%,
7/08/27
10,809
10,940
APP-14923950.FP.FTS.B,
13.74%,
7/08/27
10,844
10,971
APP-14844069.FP.FTS.B,
16.49%,
7/08/27
23,956
24,140
APP-14917832.FP.FTS.B,
16.49%,
7/08/27
5,153
5,088
APP-14923618.FP.FTS.B,
16.49%,
7/08/27
12,903
7,236
APP-14840263.FP.FTS.B,
17.49%,
7/08/27
22,834
23,047
APP-14921328.FP.FTS.B,
17.24%,
7/10/27
33,996
34,334
APP-14994439.FP.FTS.B,
19.99%,
7/10/27
15,629
15,745
APP-15007157.FP.FTS.B,
20.99%,
7/11/27
10,324
10,301
APP-14868239.FP.FTS.B,
11.99%,
7/12/27
10,060
10,195
APP-14709072.FP.FTS.B,
17.49%,
7/12/27
17,512
17,707
APP-15039779.FP.FTS.B,
17.49%,
7/12/27
18,691
18,873
APP-15008780.FP.FTS.B,
19.99%,
7/12/27
14,763
14,871
APP-14313248.FP.FTS.B,
22.99%,
7/12/27
6,566
6,514
APP-15023218.FP.FTS.B,
23.99%,
7/12/27
23,497
23,414
APP-15042638.FP.FTS.B,
26.99%,
7/12/27
8,791
8,745
APP-16045778.FP.FTS.B,
22.49%,
7/13/27
9,294
9,322
APP-15056624.FP.FTS.B,
22.99%,
7/13/27
9,554
9,538
APP-14930206.FP.FTS.B,
14.49%,
7/14/27
9,577
9,714
APP-14689546.FP.FTS.B,
11.74%,
7/15/27
24,071
24,413
APP-14818480.FP.FTS.B,
11.74%,
7/15/27
33,310
33,784
APP-14821859.FP.FTS.B,
11.74%,
7/15/27
17,266
17,508
APP-14914496.FP.FTS.B,
11.74%,
7/15/27
33,310
33,784
APP-15114820.FP.FTS.B,
11.74%,
7/15/27
16,600
16,816
APP-13767685.FP.FTS.B,
11.99%,
7/15/27
17,764
3,224
APP-14996949.FP.FTS.B,
11.99%,
7/15/27
12,876
13,052
APP-15137192.FP.FTS.B,
11.99%,
7/15/27
14,622
14,821
APP-15040717.FP.FTS.B,
20.99%,
7/15/27
8,005
2,558
APP-15039028.FP.FTS.B,
22.99%,
7/16/27
6,963
6,965
APP-14843307.FP.FTS.B,
11.99%,
7/17/27
12,517
12,703
APP-14866235.FP.FTS.B,
12.74%,
7/17/27
41,312
41,823
APP-14906097.FP.FTS.B,
16.74%,
7/18/27
40,978
41,261
APP-14108410.FP.FTS.B,
17.49%,
7/18/27
25,146
2,587
APP-14882502.FP.FTS.B,
11.74%,
7/19/27
20,021
20,329
APP-14811744.FP.FTS.B,
13.99%,
7/19/27
29,516
29,957
APP-14688586.FP.FTS.B,
17.49%,
7/19/27
23,054
23,384
APP-14058557.FP.FTS.B,
22.99%,
7/19/27
9,116
9,134
APP-14174912.FP.FTS.B,
22.99%,
7/19/27
27,395
27,558
APP-14160424.FP.FTS.B,
23.99%,
7/19/27
15,033
15,122
APP-14057681.FP.FTS.B,
11.99%,
7/20/27
10,087
10,246
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-13547748.FP.FTS.B,
12.09%,
7/20/27
$
41,820
$
42,490
APP-14766983.FP.FTS.B,
13.99%,
7/20/27
33,750
34,267
APP-14859116.FP.FTS.B,
13.99%,
7/20/27
6,174
6,185
APP-14911982.FP.FTS.B,
15.99%,
7/20/27
16,244
16,480
APP-14902830.FP.FTS.B,
16.24%,
7/20/27
34,108
34,373
APP-14191366.FP.FTS.B,
22.49%,
7/20/27
5,127
3,367
APP-15056862.FP.FTS.B,
22.99%,
7/20/27
17,471
17,451
APP-14688432.FP.FTS.B,
9.99%,
7/21/27
.
10,351
10,510
APP-14865961.FP.FTS.B,
11.74%,
7/21/27
29,890
30,368
APP-14931619.FP.FTS.B,
11.99%,
7/21/27
31,152
3,494
APP-14937680.FP.FTS.B,
11.99%,
7/21/27
14,248
14,466
APP-14938376.FP.FTS.B,
11.99%,
7/21/27
12,541
12,743
APP-14881643.FP.FTS.B,
17.49%,
7/21/27
18,622
18,906
APP-14877061.FP.FTS.B,
9.99%,
7/22/27
.
13,653
13,866
APP-14728435.FP.FTS.B,
11.99%,
7/22/27
10,872
11,051
APP-15046782.FP.FTS.B,
17.74%,
7/22/27
45,233
4,676
APP-15030718.FP.FTS.B,
18.24%,
7/22/27
34,667
34,923
APP-14917772.FP.FTS.B,
19.99%,
7/22/27
7,218
1,472
APP-16899204.FP.FTS.B,
16.24%,
7/23/27
25,583
25,855
APP-14529813.FP.FTS.B,
18.24%,
7/23/27
32,721
33,049
APP-14859157.FP.FTS.B,
19.24%,
7/24/27
34,624
34,944
APP-15044155.FP.FTS.B,
20.99%,
7/25/27
17,407
17,466
APP-15024147.FP.FTS.B,
22.99%,
7/25/27
6,520
6,556
APP-14314279.FP.FTS.B,
23.49%,
7/25/27
6,694
6,749
APP-15048932.FP.FTS.B,
11.99%,
7/26/27
14,205
14,433
APP-15053109.FP.FTS.B,
11.74%,
7/29/27
16,698
16,985
APP-16318783.FP.FTS.B,
18.99%,
7/30/27
15,906
16,059
APP-15578753.FP.FTS.B,
11.74%,
8/01/27
25,316
25,603
APP-15576948.FP.FTS.B,
12.24%,
8/01/27
29,605
29,940
APP-16690743.FP.FTS.B,
18.49%,
8/01/27
7,009
7,072
APP-15361603.FP.FTS.B,
19.74%,
8/01/27
15,784
15,778
APP-15584134.FP.FTS.B,
12.99%,
8/03/27
22,339
22,576
APP-16724945.FP.FTS.B,
13.99%,
8/03/27
43,473
43,834
APP-16827842.FP.FTS.B,
16.24%,
8/03/27
20,866
21,104
APP-16934495.FP.FTS.B,
13.99%,
8/05/27
13,709
13,694
APP-17031491.FP.FTS.B,
13.99%,
8/05/27
43,353
43,790
APP-17503110.FP.FTS.B,
15.99%,
8/05/27
43,916
22,195
APP-17272402.FP.FTS.B,
21.24%,
8/05/27
28,120
27,912
APP-15682350.FP.FTS.B,
22.24%,
8/05/27
18,352
18,245
APP-15713621.FP.FTS.B,
12.49%,
8/06/27
14,574
14,750
APP-15751991.FP.FTS.B,
12.49%,
8/07/27
13,064
13,219
APP-15738510.FP.FTS.B,
21.99%,
8/07/27
36,089
35,951
APP-15580065.FP.FTS.B,
25.24%,
8/07/27
13,906
1,358
APP-15763190.FP.FTS.B,
22.24%,
8/08/27
22,307
22,160
APP-15743089.FP.FTS.B,
16.74%,
8/10/27
21,411
21,642
APP-15600789.FP.FTS.B,
22.24%,
8/10/27
6,631
6,647
APP-17112059.FP.FTS.B,
15.24%,
8/11/27
20,263
20,459
APP-17457181.FP.FTS.B,
16.24%,
8/12/27
8,698
8,792
APP-15231441.FP.FTS.B,
16.99%,
8/12/27
40,907
41,436
APP-17422584.FP.FTS.B,
18.49%,
8/12/27
17,531
17,557
APP-15558741.FP.FTS.B,
19.49%,
8/12/27
33,326
33,503
APP-15307313.FP.FTS.B,
22.24%,
8/12/27
14,099
14,090
APP-15594246.FP.FTS.B,
25.49%,
8/12/27
23,666
23,548
APP-15576373.FP.FTS.B,
19.24%,
8/13/27
13,246
13,352
APP-15302717.FP.FTS.B,
20.24%,
8/13/27
18,737
18,659
APP-15437840.FP.FTS.B,
20.24%,
8/13/27
13,886
13,854
APP-16046092.FP.FTS.B,
20.49%,
8/13/27
20,252
1,874
APP-16055829.FP.FTS.B,
12.99%,
8/14/27
10,178
10,281
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
91
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-15595170.FP.FTS.B,
15.24%,
8/14/27
$
43,101
$
43,745
APP-15805332.FP.FTS.B,
18.74%,
8/14/27
21,957
11,444
APP-16079598.FP.FTS.B,
20.49%,
8/14/27
17,450
17,506
APP-15459856.FP.FTS.B,
20.74%,
8/14/27
18,676
1,899
APP-16063371.FP.FTS.B,
20.99%,
8/14/27
21,911
21,984
APP-15638158.FP.FTS.B,
21.24%,
8/14/27
8,525
4,813
APP-15526033.FP.FTS.B,
21.74%,
8/14/27
18,206
18,218
APP-14058523.FP.FTS.B,
21.99%,
8/14/27
29,035
29,114
APP-15802156.FP.FTS.B,
22.24%,
8/14/27
13,162
13,152
APP-15356967.FP.FTS.B,
22.49%,
8/14/27
44,403
44,507
APP-15460819.FP.FTS.B,
23.24%,
8/14/27
6,110
5,985
APP-15578534.FP.FTS.B,
11.74%,
8/15/27
25,998
26,345
APP-15398960.FP.FTS.B,
12.99%,
8/15/27
36,579
37,160
APP-15709743.FP.FTS.B,
14.49%,
8/15/27
34,275
34,741
APP-15299307.FP.FTS.B,
14.99%,
8/15/27
25,499
25,888
APP-11750409.FP.FTS.B,
17.99%,
8/15/27
15,921
15,969
APP-15544956.FP.FTS.B,
18.74%,
8/15/27
13,569
13,767
APP-15710954.FP.FTS.B,
18.99%,
8/15/27
27,051
27,193
APP-15570179.FP.FTS.B,
19.99%,
8/15/27
39,833
40,052
APP-15574568.FP.FTS.B,
20.24%,
8/15/27
26,161
26,223
APP-15702332.FP.FTS.B,
20.24%,
8/15/27
8,768
8,881
APP-15744959.FP.FTS.B,
20.49%,
8/15/27
31,626
31,751
APP-15585228.FP.FTS.B,
22.24%,
8/15/27
20,422
20,410
APP-16074588.FP.FTS.B,
23.49%,
8/15/27
13,224
13,181
APP-16075494.FP.FTS.B,
23.49%,
8/15/27
7,145
7,150
APP-15763149.FP.FTS.B,
26.99%,
8/15/27
9,344
9,304
APP-15868809.FP.FTS.B,
12.99%,
8/16/27
29,176
29,563
APP-13337190.FP.FTS.B,
18.99%,
8/16/27
12,698
12,836
APP-15684113.FP.FTS.B,
20.74%,
8/18/27
19,372
19,475
APP-15602475.FP.FTS.B,
12.49%,
8/19/27
15,088
15,325
APP-15591313.FP.FTS.B,
20.74%,
8/19/27
12,058
12,129
APP-15601188.FP.FTS.B,
21.24%,
8/19/27
42,708
42,974
APP-15697643.FP.FTS.B,
19.24%,
8/20/27
17,590
17,730
APP-15811836.FP.FTS.B,
19.74%,
8/20/27
21,850
21,994
APP-15742698.FP.FTS.B,
20.74%,
8/20/27
17,474
17,511
APP-15745396.FP.FTS.B,
21.24%,
8/20/27
23,610
23,752
APP-15764379.FP.FTS.B,
22.24%,
8/20/27
22,790
2,347
APP-15741986.FP.FTS.B,
12.49%,
8/21/27
26,747
27,154
APP-15737768.FP.FTS.B,
17.74%,
8/21/27
15,450
15,575
APP-15671359.FP.FTS.B,
20.24%,
8/21/27
11,744
1,253
APP-15602128.FP.FTS.B,
21.74%,
8/21/27
11,875
11,934
APP-15663958.FP.FTS.B,
22.24%,
8/21/27
12,431
12,495
APP-15745269.FP.FTS.B,
22.24%,
8/21/27
13,761
13,789
APP-16024812.FP.FTS.B,
12.99%,
8/22/27
10,216
10,363
APP-15037668.FP.FTS.B,
26.99%,
8/23/27
9,380
9,367
APP-15006613.FP.FTS.B,
23.49%,
8/25/27
6,513
6,504
APP-14178173.FP.FTS.B,
15.24%,
8/26/27
18,519
18,820
APP-15871509.FP.FTS.B,
20.49%,
8/26/27
15,935
16,070
APP-16071674.FP.FTS.B,
22.49%,
8/26/27
9,317
9,415
APP-15043328.FP.FTS.B,
22.74%,
8/26/27
11,846
11,882
APP-14920951.FP.FTS.B,
23.49%,
8/26/27
6,935
6,979
APP-14977194.FP.FTS.B,
26.99%,
8/26/27
10,709
10,707
APP-16053754.FP.FTS.B,
10.99%,
8/27/27
27,767
28,221
APP-15234987.FP.FTS.B,
16.74%,
8/27/27
25,364
25,763
APP-16061296.FP.FTS.B,
23.49%,
8/27/27
12,481
12,546
APP-16074435.FP.FTS.B,
23.49%,
8/27/27
21,395
21,564
APP-12674078.FP.FTS.B,
20.24%,
8/28/27
26,889
27,190
APP-16019364.FP.FTS.B,
20.99%,
8/28/27
25,493
25,784
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-14688218.FP.FTS.B,
13.99%,
8/30/27
$
21,824
$
11,174
APP-16813915.FP.FTS.B,
19.99%,
9/04/27
17,675
17,815
APP-16893024.FP.FTS.B,
19.99%,
9/04/27
14,389
7,459
APP-17103722.FP.FTS.B,
9.74%,
9/06/27
.
4,252
4,300
APP-17244225.FP.FTS.B,
9.49%,
9/09/27
.
17,894
18,116
APP-17250115.FP.FTS.B,
9.74%,
9/09/27
.
6,382
6,461
APP-14530395.FP.FTS.B,
17.49%,
9/10/27
21,754
6,218
APP-17398424.FP.FTS.B,
18.24%,
9/12/27
8,698
8,657
APP-17433516.FP.FTS.B,
20.49%,
9/12/27
22,040
22,061
APP-14346312.FP.FTS.B,
11.74%,
9/13/27
19,195
3,416
APP-17455190.FP.FTS.B,
12.74%,
9/13/27
42,989
43,455
APP-17430483.FP.FTS.B,
12.99%,
9/13/27
22,753
23,021
APP-17450366.FP.FTS.B,
21.24%,
9/13/27
10,538
10,529
APP-16817244.FP.FTS.B,
18.24%,
9/14/27
44,150
44,709
APP-15589159.FP.FTS.B,
26.74%,
9/14/27
15,211
15,125
APP-17144021.FP.FTS.B,
12.99%,
9/15/27
20,119
20,367
APP-16652517.FP.FTS.B,
14.24%,
9/15/27
17,370
17,585
APP-16847088.FP.FTS.B,
18.24%,
9/15/27
8,836
8,859
APP-17462032.FP.FTS.B,
20.49%,
9/15/27
13,949
14,077
APP-15593379.FP.FTS.B,
24.74%,
9/15/27
7,262
7,246
APP-15584156.FP.FTS.B,
26.99%,
9/15/27
10,295
10,273
APP-17507239.FP.FTS.B,
16.24%,
9/16/27
7,997
8,000
APP-16896117.FP.FTS.B,
23.99%,
9/16/27
8,123
8,109
APP-16906029.FP.FTS.B,
17.74%,
9/17/27
9,287
9,434
APP-16901085.FP.FTS.B,
22.49%,
9/17/27
16,196
16,276
APP-14132105.FP.FTS.B,
22.99%,
9/17/27
26,934
26,843
APP-16806378.FP.FTS.B,
23.49%,
9/17/27
24,800
24,860
APP-16119812.FP.FTS.B,
21.74%,
9/18/27
20,374
20,437
APP-16599721.FP.FTS.B,
13.49%,
9/19/27
16,427
16,657
APP-17029315.FP.FTS.B,
14.49%,
9/19/27
27,500
27,917
APP-16335329.FP.FTS.B,
11.24%,
9/20/27
16,041
16,282
APP-17023882.FP.FTS.B,
13.24%,
9/20/27
12,364
12,556
APP-15706743.FP.FTS.B,
24.24%,
9/20/27
8,940
8,968
APP-15738048.FP.FTS.B,
24.99%,
9/20/27
17,354
17,282
APP-15718443.FP.FTS.B,
26.99%,
9/20/27
22,834
22,742
APP-17104731.FP.FTS.B,
13.49%,
9/21/27
16,490
16,732
APP-15601763.FP.FTS.B,
24.24%,
9/21/27
10,329
10,368
APP-15757316.FP.FTS.B,
24.99%,
9/21/27
18,890
18,868
APP-15723564.FP.FTS.B,
26.99%,
9/21/27
7,253
7,242
APP-15725666.FP.FTS.B,
26.99%,
9/21/27
6,783
6,779
APP-15758289.FP.FTS.B,
26.99%,
9/21/27
9,492
9,475
APP-17193229.FP.FTS.B,
11.99%,
9/22/27
12,944
13,133
APP-17221012.FP.FTS.B,
15.24%,
9/22/27
22,160
22,460
APP-15432924.FP.FTS.B,
18.99%,
9/23/27
20,541
20,657
APP-13628761.FP.FTS.B,
20.99%,
9/23/27
15,516
15,597
APP-14078519.FP.FTS.B,
24.24%,
9/24/27
18,507
18,471
APP-17458369.FP.FTS.B,
14.49%,
9/25/27
8,111
8,237
APP-17362213.FP.FTS.B,
18.49%,
9/25/27
17,676
17,794
APP-17450170.FP.FTS.B,
20.24%,
9/25/27
38,867
39,064
APP-17493809.FP.FTS.B,
20.49%,
9/25/27
15,810
16,034
APP-17329208.FP.FTS.B,
20.99%,
9/25/27
15,229
15,331
APP-17418426.FP.FTS.B,
18.99%,
9/26/27
21,933
22,093
APP-17489430.FP.FTS.B,
8.49%,
9/27/27
.
22,359
22,697
APP-15069494.FP.FTS.B,
11.99%,
9/27/27
13,929
14,162
APP-17458150.FP.FTS.B,
18.99%,
9/27/27
35,465
35,982
APP-15593978.FP.FTS.B,
26.74%,
10/21/27
..........................
14,364
14,332
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
92
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-14057430.FP.FTS.B,
14.09%,
10/29/27
..........................
$
24,388
$
4,562
APP-15634817.FP.FTS.B,
25.24%,
11/12/27
16,174
10,186
APP-15398570.FP.FTS.B,
18.99%,
11/14/27
43,149
43,798
APP-14194987.FP.FTS.B,
20.49%,
11/18/27
23,156
4,848
APP-15651111.FP.FTS.B,
24.99%,
11/18/27
21,888
21,809
APP-14122876.FP.FTS.B,
23.49%,
11/20/27
32,497
32,405
APP-13754354.FP.FTS.B,
11.34%,
11/30/27
27,959
28,368
APP-15576572.FP.FTS.B,
20.74%,
12/11/27
18,685
6,335
APP-15589795.FP.FTS.B,
18.74%,
12/15/27
..........................
18,240
18,427
APP-16637613.FP.FTS.B,
19.99%,
12/16/27
..........................
12,452
12,496
APP-15590969.FP.FTS.B,
20.49%,
2/29/28
30,147
30,439
13,058,279
LendingClub
Corp.
140563373.LC.FTS.B,
19.92%,
9/19/23
...
1,162
1,164
139794780.LC.FTS.B,
20.89%,
10/01/23
..
939
940
141355465.LC.FTS.B,
12.73%,
10/04/23
..
1,328
1,321
140103085.LC.FTS.B,
Zero
Cpn,
10/05/23
2,677
–
141403690.LC.FTS.B,
18.94%,
10/05/23
..
3,069
1,556
141374572.LC.FTS.B,
27.27%,
10/05/23
..
1,056
1,059
141363707.LC.FTS.B,
12.73%,
10/15/23
..
1,594
1,587
142148879.LC.FTS.B,
20.89%,
10/18/23
..
1,356
1,363
142086634.LC.FTS.B,
12.73%,
10/19/23
..
2,311
2,302
142075506.LC.FTS.B,
26.31%,
10/19/23
..
2,076
2,090
141783977.LC.FTS.B,
12.73%,
10/20/23
..
2,059
2,051
142298949.LC.FTS.B,
14.47%,
10/24/23
..
2,410
2,413
141082564.LC.FTS.B,
11.06%,
10/25/23
..
1,283
1,275
142149600.LC.FTS.B,
11.06%,
10/25/23
..
962
957
142527519.LC.FTS.B,
16.91%,
10/25/23
..
2,536
2,533
141269019.LC.FTS.B,
19.92%,
10/25/23
..
1,151
1,161
141422940.LC.FTS.B,
20.89%,
10/25/23
..
1,721
1,738
142579027.LC.FTS.B,
16.14%,
10/26/23
..
854
856
142829106.LC.FTS.B,
10.08%,
10/30/23
..
1,667
1,654
142225547.LC.FTS.B,
20.89%,
10/30/23
..
2,299
2,298
142456892.LC.FTS.B,
11.55%,
11/02/23
..
3,119
3,089
143063671.LC.FTS.B,
10.72%,
11/13/23
..
1,362
1,353
143378025.LC.FTS.B,
8.81%,
11/14/23
...
3,246
3,236
143428192.LC.FTS.B,
11.8%,
11/14/23
...
1,037
1,029
142640425.LC.FTS.B,
10.47%,
11/16/23
..
1,429
1,419
143835362.LC.FTS.B,
18.94%,
11/19/23
..
2,790
2,803
142526281.LC.FTS.B,
14.47%,
11/21/23
..
5,358
684
143453403.LC.FTS.B,
10.33%,
11/26/23
..
1,341
1,334
144173279.LC.FTS.B,
10.72%,
11/28/23
..
2,436
2,420
144230589.LC.FTS.B,
12.98%,
11/28/23
..
2,657
2,632
144195034.LC.FTS.B,
19.92%,
11/28/23
..
1,218
1,217
144228163.LC.FTS.B,
14.47%,
11/29/23
..
2,267
2,254
143073416.LC.FTS.B,
19.92%,
11/29/23
..
2,768
2,759
144128930.LC.FTS.B,
10.72%,
11/30/23
..
1,367
1,354
144026346.LC.FTS.B,
17.97%,
11/30/23
..
3,032
3,060
144280900.LC.FTS.B,
17.97%,
12/04/23
..
2,524
2,514
144473095.LC.FTS.B,
18.94%,
12/04/23
..
2,373
57
144492132.LC.FTS.B,
18.94%,
12/06/23
..
2,053
2,049
144556102.LC.FTS.B,
18.94%,
12/06/23
..
1,000
515
143737299.LC.FTS.B,
15.02%,
12/18/23
..
4,743
211
145295088.LC.FTS.B,
10.72%,
12/21/23
..
1,178
1,168
Description
Principal
Amount
Value
LendingClub
Corp.
(continued)
145216495.LC.FTS.B,
11.8%,
12/21/23
...
$
1,075
$
1,066
145263254.LC.FTS.B,
11.8%,
12/21/23
...
1,451
1,439
145296187.LC.FTS.B,
12.98%,
12/21/23
..
2,378
2,360
145611420.LC.FTS.B,
10.72%,
12/31/23
..
2,508
2,480
145280246.LC.FTS.B,
20.89%,
12/31/23
..
1,518
1,521
145642678.LC.FTS.B,
Zero
Cpn,
1/02/24
.
3,788
–
145183021.LC.FTS.B,
10.33%,
1/03/24
...
3,117
3,084
145710063.LC.FTS.B,
10.72%,
1/03/24
...
2,588
2,564
146037087.LC.FTS.B,
12.98%,
1/10/24
...
1,972
1,951
144986124.LC.FTS.B,
17.97%,
1/14/24
...
2,891
2,904
146449830.LC.FTS.B,
11.8%,
1/23/24
....
1,540
1,524
146360497.LC.FTS.B,
12.98%,
1/23/24
...
4,101
4,061
146570696.LC.FTS.B,
14.47%,
1/23/24
...
3,085
3,060
145950191.LC.FTS.B,
18.94%,
1/23/24
...
3,164
3,180
146822604.LC.FTS.B,
17.97%,
1/25/24
...
1,454
1,462
146347023.LC.FTS.B,
Zero
Cpn,
1/29/24
.
5,505
–
146986250.LC.FTS.B,
10.72%,
1/29/24
...
3,648
3,595
146951890.LC.FTS.B,
12.98%,
1/30/24
...
1,829
1,803
146832728.LC.FTS.B,
15.02%,
1/30/24
...
1,584
1,564
146154250.LC.FTS.B,
17.97%,
1/30/24
...
2,421
2,407
147059235.LC.FTS.B,
15.02%,
1/31/24
...
3,163
3,124
144718606.LC.FTS.B,
17.97%,
2/10/24
...
6,263
6,264
147312249.LC.FTS.B,
11.8%,
2/18/24
....
5,963
5,885
147424780.LC.FTS.B,
19.92%,
2/20/24
...
1,262
1,264
145533215.LC.FTS.B,
11.8%,
2/29/24
....
3,845
3,772
148255751.LC.FTS.B,
12.4%,
3/05/24
...
2,572
2,536
148398539.LC.FTS.B,
15.57%,
3/05/24
...
40
40
148465404.LC.FTS.B,
17.97%,
3/06/24
...
3,801
3,791
148594665.LC.FTS.B,
17.19%,
3/11/24
...
2,064
2,040
148704813.LC.FTS.B,
13.9%,
3/12/24
...
6,174
6,123
148710415.LC.FTS.B,
20%,
3/12/24
.....
6,893
6,889
148285066.LC.FTS.B,
17.97%,
3/15/24
...
6,574
6,594
143646902.LC.FTS.B,
13.56%,
3/16/24
...
2,191
2,185
148686543.LC.FTS.B,
16.4%,
3/16/24
...
3,844
3,810
146454152.LC.FTS.B,
16.14%,
3/18/24
...
2,864
2,826
148912242.LC.FTS.B,
20%,
3/18/24
.....
5,513
5,537
148124381.LC.FTS.B,
16.4%,
3/23/24
...
7,010
6,945
149314316.LC.FTS.B,
10.33%,
3/26/24
...
2,246
2,208
149281358.LC.FTS.B,
12.4%,
3/26/24
...
4,127
4,072
149315507.LC.FTS.B,
13.08%,
3/26/24
...
3,474
3,429
149128960.LC.FTS.B,
10.33%,
4/01/24
...
4,616
4,542
148529602.LC.FTS.B,
15.57%,
4/01/24
...
2,053
2,021
150025532.LC.FTS.B,
15.57%,
4/10/24
...
6,101
6,032
150130575.LC.FTS.B,
13.9%,
4/12/24
...
7,894
7,812
150116474.LC.FTS.B,
20%,
4/12/24
.....
2,801
2,806
150114686.LC.FTS.B,
13.9%,
4/16/24
....
1,973
1,954
150302648.LC.FTS.B,
15.57%,
4/17/24
...
4,067
4,026
142542297.LC.FTS.B,
11.55%,
4/21/24
...
4,052
3,210
150457673.LC.FTS.B,
20%,
4/22/24
.....
4,394
4,415
150622391.LC.FTS.B,
13.9%,
4/23/24
...
4,933
4,891
150627709.LC.FTS.B,
20%,
4/23/24
.....
3,296
3,312
150850415.LC.FTS.B,
12.4%,
4/30/24
...
3,410
3,345
150851475.LC.FTS.B,
20%,
5/08/24
.....
4,861
4,839
151444001.LC.FTS.B,
14.74%,
5/09/24
...
2,655
2,619
151467501.LC.FTS.B,
20%,
5/09/24
.....
6,186
5,288
148165215.LC.FTS.B,
15.57%,
5/15/24
...
6,568
6,483
151690420.LC.FTS.B,
17.97%,
5/23/24
...
4,069
4,071
152159254.LC.FTS.B,
Zero
Cpn,
5/24/24
.
10,009
–
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
93
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
(continued)
152303972.LC.FTS.B,
Zero
Cpn,
5/24/24
.
$
13,469
$
–
151495173.LC.FTS.B,
12.4%,
5/24/24
...
4,777
4,701
151810309.LC.FTS.B,
13.08%,
5/24/24
...
4,296
4,226
151897315.LC.FTS.B,
20%,
5/25/24
.....
4,470
4,478
151979821.LC.FTS.B,
13.9%,
5/28/24
...
4,388
4,300
147890443.LC.FTS.B,
11.02%,
6/05/24
...
10,079
9,850
152765318.LC.FTS.B,
17.19%,
6/11/24
...
3,784
3,724
152970058.LC.FTS.B,
13.08%,
6/12/24
...
8,933
8,764
153172761.LC.FTS.B,
16.12%,
6/12/24
...
4,956
4,888
149882426.LC.FTS.B,
12.4%,
6/15/24
...
5,555
4,336
150392604.LC.FTS.B,
17.97%,
6/18/24
...
9,031
8,963
153720322.LC.FTS.B,
12.4%,
6/20/24
...
4,878
4,789
153211777.LC.FTS.B,
15.24%,
6/20/24
...
2,571
2,534
153987117.LC.FTS.B,
12.4%,
6/24/24
....
4,889
4,801
152550358.LC.FTS.B,
14.74%,
6/24/24
...
3,630
3,581
153754650.LC.FTS.B,
16.95%,
6/27/24
...
5,524
5,452
154462977.LC.FTS.B,
16.12%,
7/01/24
...
2,686
2,637
154940690.LC.FTS.B,
16.12%,
7/09/24
...
7,137
7,019
150616815.LC.FTS.B,
17.97%,
7/09/24
...
3,879
3,829
154267934.LC.FTS.B,
14.3%,
7/15/24
...
10,057
9,879
154935107.LC.FTS.B,
20%,
7/15/24
.....
2,860
2,851
150328755.LC.FTS.B,
13.08%,
7/17/24
...
2,834
2,767
148905494.LC.FTS.B,
Zero
Cpn,
7/18/24
.
6,975
657
155164991.LC.FTS.B,
15.24%,
7/18/24
...
10,634
10,453
154020911.LC.FTS.B,
16.95%,
7/22/24
...
5,445
5,369
155717890.LC.FTS.B,
15.24%,
7/23/24
...
2,646
2,609
151707588.LC.FTS.B,
14.74%,
7/29/24
...
6,319
6,140
155334080.LC.FTS.B,
16.12%,
7/29/24
...
11,755
11,478
155246628.LC.FTS.B,
17.74%,
7/30/24
...
3,284
3,207
156078988.LC.FTS.B,
17.74%,
7/30/24
...
7,414
7,259
156134234.LC.FTS.B,
17.74%,
7/30/24
...
2,965
2,903
155823373.LC.FTS.B,
15.24%,
7/31/24
...
8,762
8,583
155931737.LC.FTS.B,
17.74%,
8/01/24
...
7,572
7,419
148318987.LC.FTS.B,
13.9%,
8/07/24
...
3,868
676
156198752.LC.FTS.B,
16.95%,
8/10/24
...
4,484
4,401
156287957.LC.FTS.B,
14.3%,
8/11/24
....
10,698
10,479
157194796.LC.FTS.B,
15.24%,
8/19/24
...
11,397
11,207
157178824.LC.FTS.B,
16.12%,
8/20/24
...
3,468
3,411
146385161.LC.FTS.B,
18.94%,
8/22/24
...
8,051
1,517
153537119.LC.FTS.B,
16.12%,
8/25/24
...
2,780
2,736
157472465.LC.FTS.B,
16.12%,
8/26/24
...
3,468
3,415
156805347.LC.FTS.B,
17.74%,
8/26/24
...
5,093
5,003
157328472.LC.FTS.B,
14.3%,
8/27/24
...
6,515
6,360
157585737.LC.FTS.B,
15.24%,
8/28/24
...
4,640
4,557
157148290.LC.FTS.B,
14.3%,
8/29/24
...
7,559
7,366
157600114.LC.FTS.B,
16.95%,
8/29/24
...
3,138
3,057
156938647.LC.FTS.B,
16.12%,
8/31/24
...
10,512
10,247
158081866.LC.FTS.B,
16.12%,
9/05/24
...
8,660
8,475
158175447.LC.FTS.B,
17.74%,
9/10/24
...
11,103
10,874
157912310.LC.FTS.B,
17.74%,
9/16/24
...
5,762
5,637
158272069.LC.FTS.B,
17.74%,
9/18/24
...
6,054
5,925
159010378.LC.FTS.B,
17.74%,
9/19/24
...
7,591
7,431
154841821.LC.FTS.B,
16.12%,
9/22/24
...
6,852
6,673
157396742.LC.FTS.B,
15.24%,
9/23/24
...
10,831
10,611
155360790.LC.FTS.B,
15.24%,
9/25/24
...
5,203
5,071
157742410.LC.FTS.B,
6%,
9/28/24
......
3,488
3,289
150551318.LC.FTS.B,
20%,
9/29/24
.....
8,859
8,796
159435722.LC.FTS.B,
12.4%,
9/30/24
...
6,207
6,041
Description
Principal
Amount
Value
LendingClub
Corp.
(continued)
159372853.LC.FTS.B,
13.08%,
10/01/24
..
$
6,591
$
6,416
156927320.LC.FTS.B,
Zero
Cpn,
10/16/24
8,721
407
160079994.LC.FTS.B,
13.08%,
10/17/24
..
9,465
9,214
150241560.LC.FTS.B,
20%,
10/21/24
....
3,451
3,422
160529999.LC.FTS.B,
16.95%,
10/22/24
..
3,986
3,895
160490410.LC.FTS.B,
15.24%,
10/25/24
..
12,991
12,735
142083793.LC.FTS.B,
24.37%,
10/25/24
..
5,411
5,314
150161543.LC.FTS.B,
14.74%,
10/26/24
..
8,373
8,134
148711863.LC.FTS.B,
16.4%,
10/27/24
...
3,366
3,288
161573592.LC.FTS.B,
12.4%,
11/07/24
...
6,950
6,755
154797502.LC.FTS.B,
16.12%,
11/09/24
..
4,857
4,729
161593900.LC.FTS.B,
13.08%,
11/12/24
..
1,754
1,702
161740410.LC.FTS.B,
17.74%,
11/14/24
..
7,193
7,020
158052058.LC.FTS.B,
14.3%,
11/18/24
...
4,034
3,910
162085568.LC.FTS.B,
16.95%,
11/19/24
..
7,068
6,888
161519546.LC.FTS.B,
Zero
Cpn,
11/20/24
16,752
1,572
162329802.LC.FTS.B,
20.55%,
11/26/24
..
5,584
5,559
144940694.LC.FTS.B,
11.8%,
11/30/24
...
6,812
6,576
162054102.LC.FTS.B,
14.3%,
11/30/24
...
8,666
8,393
158914371.LC.FTS.B,
16.12%,
11/30/24
..
11,384
10,904
162770667.LC.FTS.B,
11.02%,
12/04/24
..
9,409
9,128
162767538.LC.FTS.B,
12.4%,
12/04/24
...
5,225
5,068
161969346.LC.FTS.B,
20.55%,
12/05/24
..
3,924
3,868
162981224.LC.FTS.B,
20.55%,
12/10/24
..
5,493
5,422
145998409.LC.FTS.B,
12.98%,
12/14/24
..
5,381
5,216
148849654.LC.FTS.B,
Zero
Cpn,
12/15/24
5,408
5,257
163112532.LC.FTS.B,
14.3%,
12/16/24
...
5,776
5,613
163046946.LC.FTS.B,
15.24%,
12/16/24
..
7,272
7,083
163060788.LC.FTS.B,
13.08%,
12/17/24
..
7,451
7,198
153895344.LC.FTS.B,
13.08%,
12/20/24
..
10,186
9,885
163411239.LC.FTS.B,
13.08%,
12/20/24
..
5,279
5,128
163604356.LC.FTS.B,
16.95%,
12/20/24
..
11,425
1,403
151324492.LC.FTS.B,
20%,
12/20/24
....
5,751
5,668
163583417.LC.FTS.B,
20.55%,
12/23/24
..
3,528
3,491
148932528.LC.FTS.B,
17.19%,
12/25/24
..
8,135
7,921
164220289.LC.FTS.B,
16.95%,
1/02/25
...
7,901
7,656
161662827.LC.FTS.B,
20.55%,
1/12/25
...
1,775
1,753
164731071.LC.FTS.B,
18.62%,
1/13/25
...
4,014
3,957
165056556.LC.FTS.B,
20.55%,
1/17/25
...
6,573
6,491
164591978.LC.FTS.B,
12.4%,
1/21/25
...
9,174
8,894
165397300.LC.FTS.B,
14.3%,
1/22/25
...
4,010
3,902
165469392.LC.FTS.B,
14.3%,
1/23/25
...
3,717
3,618
164059283.LC.FTS.B,
17.74%,
1/23/25
...
1,326
1,311
165808132.LC.FTS.B,
20.55%,
1/29/25
...
4,545
4,435
165938778.LC.FTS.B,
20.55%,
2/03/25
...
5,178
5,074
165780834.LC.FTS.B,
13.08%,
2/05/25
...
5,603
5,416
155027113.LC.FTS.B,
17.97%,
2/10/25
...
8,006
7,812
166781902.LC.FTS.B,
13.08%,
2/18/25
...
5,839
5,650
166943124.LC.FTS.B,
15.24%,
2/20/25
...
3,923
3,808
165810247.LC.FTS.B,
18.62%,
2/24/25
...
5,756
5,622
166773880.LC.FTS.B,
10.33%,
2/28/25
...
7,556
7,285
167785877.LC.FTS.B,
15.24%,
3/04/25
...
12,604
12,135
168256441.LC.FTS.B,
17.74%,
3/13/25
...
13,034
12,604
167908793.LC.FTS.B,
14.3%,
3/16/25
...
4,932
4,767
168305153.LC.FTS.B,
Zero
Cpn,
3/20/25
.
11,401
528
167744357.LC.FTS.B,
14.3%,
3/23/25
...
7,382
1,338
165296350.LC.FTS.B,
13.08%,
3/27/25
...
20,972
1,353
143917879.LC.FTS.B,
16.91%,
3/29/25
...
11,815
–
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
94
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
(continued)
149957207.LC.FTS.B,
17.19%,
4/09/25
...
$
13,375
$
12,808
162782888.LC.FTS.B,
16.95%,
5/25/25
...
15,826
15,254
164040576.LC.FTS.B,
Zero
Cpn,
7/12/25
.
14,467
1,362
159782705.LC.FTS.B,
17.74%,
8/13/25
...
17,923
17,068
149399946.LC.FTS.B,
20%,
10/09/25
....
16,400
6,265
154080835.LC.FTS.B,
16.95%,
10/15/25
..
12,887
–
158336156.LC.FTS.B,
17.74%,
9/23/32
...
815
810
162174058.LC.FTS.B,
18.62%,
11/20/32
..
2,409
2,418
162565626.LC.FTS.B,
16.95%,
12/27/32
..
1,000
992
166785571.LC.FTS.B,
11.71%,
2/18/33
...
1,921
1,909
167581364.LC.FTS.B,
17.74%,
8/12/33
...
137
137
160928296.LC.FTS.B,
17.74%,
8/27/33
...
1,544
662
967,477
LendingClub
Corp.
-
LCX
166112715.LC.FTS.B,
16.95%,
10/20/23
..
4,233
146
151548915.LC.FTS.B,
10.33%,
5/10/24
...
2,043
2,018
151286105.LC.FTS.B,
11.71%,
5/10/24
...
6,287
6,210
151948521.LC.FTS.B,
17.97%,
5/31/24
...
3,060
3,083
155815338.LC.FTS.B,
14.3%,
7/25/24
...
2,826
2,812
155872968.LC.FTS.B,
14.3%,
7/25/24
...
3,907
3,891
155893259.LC.FTS.B,
15.24%,
7/25/24
...
9,262
9,226
155929091.LC.FTS.B,
15.24%,
7/25/24
...
3,969
3,954
155673715.LC.FTS.B,
16.12%,
7/25/24
...
9,137
9,102
156008127.LC.FTS.B,
14.3%,
7/26/24
...
10,419
10,380
156010180.LC.FTS.B,
17.74%,
7/26/24
...
4,763
4,730
153882991.LC.FTS.B,
14.3%,
7/31/24
...
5,401
5,314
155970724.LC.FTS.B,
16.95%,
7/31/24
...
3,568
3,510
156540264.LC.FTS.B,
14.3%,
9/06/24
...
9,248
408
156777322.LC.FTS.B,
Zero
Cpn,
9/09/24
.
4,879
467
158294506.LC.FTS.B,
16.12%,
9/09/24
...
3,711
3,672
158749928.LC.FTS.B,
15.24%,
9/24/24
...
3,376
3,343
158302406.LC.FTS.B,
17.74%,
9/25/24
...
7,899
7,846
158297432.LC.FTS.B,
15.24%,
11/09/24
..
8,122
7,976
158338447.LC.FTS.B,
16.12%,
11/17/24
..
12,698
12,459
162127861.LC.FTS.B,
12.4%,
11/19/24
...
3,459
3,287
155887487.LC.FTS.B,
Zero
Cpn,
12/25/24
5,257
–
154670467.LC.FTS.B,
16.12%,
12/31/24
..
4,089
3,994
156001816.LC.FTS.B,
16.12%,
1/12/25
...
5,665
5,573
163084513.LC.FTS.B,
18.62%,
1/21/25
...
4,016
3,973
165130966.LC.FTS.B,
20.55%,
1/21/25
...
2,060
2,047
165148027.LC.FTS.B,
20.55%,
1/21/25
...
8,261
8,209
165276233.LC.FTS.B,
20.55%,
1/21/25
...
8,659
8,573
165396953.LC.FTS.B,
11.02%,
1/22/25
...
11,464
11,134
164300242.LC.FTS.B,
16.12%,
1/31/25
...
15,110
14,624
165919458.LC.FTS.B,
15.24%,
2/03/25
...
16,059
15,558
165905919.LC.FTS.B,
16.12%,
2/03/25
...
11,339
10,980
166100453.LC.FTS.B,
14.3%,
2/05/25
...
15,846
15,360
167192844.LC.FTS.B,
23.05%,
2/24/25
...
10,549
10,178
167466474.LC.FTS.B,
11.02%,
2/27/25
...
8,686
8,082
167085834.LC.FTS.B,
12.4%,
2/28/25
...
8,865
8,065
163582275.LC.FTS.B,
16.12%,
2/28/25
...
9,139
8,133
166101353.LC.FTS.B,
20.55%,
2/28/25
...
2,589
2,318
168045027.LC.FTS.B,
14.3%,
3/15/25
...
5,584
5,202
168273324.LC.FTS.B,
18.62%,
3/17/25
...
7,010
6,513
164935272.LC.FTS.B,
20.55%,
3/21/25
...
16,394
15,999
168585809.LC.FTS.B,
15.24%,
3/24/25
...
4,463
4,103
167746704.LC.FTS.B,
16.12%,
3/28/25
...
13,093
12,124
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
(continued)
165378648.LC.FTS.B,
11.02%,
3/31/25
...
$
16,400
$
15,734
167808300.LC.FTS.B,
13.08%,
4/14/25
...
5,535
5,017
166908304.LC.FTS.B,
15.24%,
4/18/25
...
11,930
10,730
165108708.LC.FTS.B,
20.55%,
10/15/25
..
14,703
11,337
155128973.LC.FTS.B,
10%,
3/25/26
.....
15,837
11,999
164610022.LC.FTS.B,
5%,
1/17/33
......
2,220
1,784
167087629.LC.FTS.B,
16.95%,
2/28/33
...
2,458
2,396
155983239.LC.FTS.B,
14.3%,
8/09/33
...
13,669
13,350
163851574.LC.FTS.B,
16.12%,
8/25/33
...
503
91
357,014
LendingClub
Corp.
-
LCX
PM
188248955.LC.FTS.B,
19.49%,
4/12/25
...
14,447
14,308
188396824.LC.FTS.B,
23.99%,
4/18/25
...
5,005
(204)
188336152.LC.FTS.B,
23.99%,
4/19/25
...
13,347
13,305
188581186.LC.FTS.B,
14.49%,
4/21/25
...
15,240
14,976
187760587.LC.FTS.B,
15.99%,
4/21/25
...
8,323
8,305
188588570.LC.FTS.B,
16.29%,
4/21/25
...
2,886
2,853
188585972.LC.FTS.B,
19.44%,
4/21/25
...
12,956
12,867
188593902.LC.FTS.B,
21.49%,
4/21/25
...
13,180
13,212
188631141.LC.FTS.B,
18.19%,
4/22/25
...
25,911
25,940
188664382.LC.FTS.B,
21.49%,
4/22/25
...
7,908
7,929
188534183.LC.FTS.B,
22.99%,
4/22/25
...
2,330
2,353
188686293.LC.FTS.B,
23.99%,
4/22/25
...
7,526
7,556
188654930.LC.FTS.B,
24.79%,
4/22/25
...
4,020
4,093
188635054.LC.FTS.B,
16.99%,
4/24/25
...
7,529
7,516
188592862.LC.FTS.B,
20.49%,
4/24/25
...
4,572
4,568
188595363.LC.FTS.B,
20.99%,
4/27/25
...
9,860
9,866
188123636.LC.FTS.B,
5%,
4/01/26
......
13,042
10,722
188053341.LC.FTS.B,
6%,
4/08/27
......
5,110
5,069
187991007.LC.FTS.B,
17.19%,
4/08/27
...
4,941
4,796
188037917.LC.FTS.B,
22.49%,
4/08/27
...
11,129
10,712
188072484.LC.FTS.B,
22.49%,
4/08/27
...
6,492
6,324
187457590.LC.FTS.B,
26.79%,
4/08/27
...
5,206
2,089
187514926.LC.FTS.B,
23.49%,
4/11/27
...
6,714
6,644
188122973.LC.FTS.B,
23.49%,
4/11/27
...
27,960
27,333
188256153.LC.FTS.B,
18.99%,
4/12/27
...
4,982
4,876
188186124.LC.FTS.B,
21.49%,
4/12/27
...
6,105
4,596
188268197.LC.FTS.B,
Zero
Cpn,
4/13/27
.
9,227
–
188277181.LC.FTS.B,
23.49%,
4/13/27
...
29,631
28,667
188110736.LC.FTS.B,
23.99%,
4/13/27
...
8,483
8,306
188229601.LC.FTS.B,
22.49%,
4/14/27
...
16,987
13,095
188318575.LC.FTS.B,
22.99%,
4/14/27
...
5,914
5,796
188277503.LC.FTS.B,
23.19%,
4/14/27
...
8,455
8,254
188308390.LC.FTS.B,
25.99%,
4/14/27
...
5,131
5,038
188316633.LC.FTS.B,
25.99%,
4/14/27
...
8,209
8,061
188149297.LC.FTS.B,
27.79%,
4/14/27
...
7,260
7,354
188352437.LC.FTS.B,
23.99%,
4/15/27
...
26,349
25,832
188439698.LC.FTS.B,
Zero
Cpn,
4/18/27
.
6,102
–
188437817.LC.FTS.B,
18.19%,
4/18/27
...
4,964
4,867
188225211.LC.FTS.B,
20.99%,
4/18/27
...
12,566
11,894
188142269.LC.FTS.B,
27.79%,
4/18/27
...
8,139
8,231
187933932.LC.FTS.B,
Zero
Cpn,
4/19/27
.
9,189
–
187548960.LC.FTS.B,
20.49%,
4/20/27
...
15,732
14,710
188580819.LC.FTS.B,
21.49%,
4/20/27
...
15,800
1,959
188535698.LC.FTS.B,
21.99%,
4/20/27
...
13,274
12,768
188575003.LC.FTS.B,
22.49%,
4/20/27
...
5,928
5,874
188415292.LC.FTS.B,
22.99%,
4/20/27
...
26,156
4,952
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
95
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
-
LCX
PM
(continued)
188261615.LC.FTS.B,
23.99%,
4/20/27
...
$
19,033
$
18,718
188452079.LC.FTS.B,
23.99%,
4/20/27
...
30,470
23,556
188450442.LC.FTS.B,
15.19%,
4/21/27
...
22,841
21,195
188527493.LC.FTS.B,
16.19%,
4/21/27
...
22,182
3,981
188615522.LC.FTS.B,
16.19%,
4/21/27
...
13,115
12,674
188223031.LC.FTS.B,
18.99%,
4/21/27
...
25,003
24,367
188623242.LC.FTS.B,
19.41%,
4/21/27
...
14,974
14,896
188593509.LC.FTS.B,
19.44%,
4/21/27
...
5,991
5,959
188582913.LC.FTS.B,
20.49%,
4/21/27
...
18,365
18,125
188303635.LC.FTS.B,
20.99%,
4/21/27
...
9,281
9,151
188516416.LC.FTS.B,
20.99%,
4/21/27
...
10,622
259
188594404.LC.FTS.B,
20.99%,
4/21/27
...
25,649
20,197
188494026.LC.FTS.B,
21.99%,
4/21/27
...
15,985
15,897
188619005.LC.FTS.B,
23.99%,
4/21/27
...
4,305
4,250
188353998.LC.FTS.B,
25.99%,
4/21/27
...
13,701
10,996
188633218.LC.FTS.B,
28.99%,
4/21/27
...
10,379
10,576
188476890.LC.FTS.B,
17.49%,
4/22/27
...
6,597
6,478
188541138.LC.FTS.B,
20.49%,
4/22/27
...
6,383
6,320
188630360.LC.FTS.B,
20.49%,
4/22/27
...
18,389
18,227
188087453.LC.FTS.B,
23.99%,
4/22/27
...
6,892
6,845
188631251.LC.FTS.B,
23.99%,
4/22/27
...
17,835
3,510
188260791.LC.FTS.B,
23.99%,
4/24/27
...
8,158
8,006
187548690.LC.FTS.B,
23.49%,
4/25/27
...
12,493
12,414
188528665.LC.FTS.B,
23.99%,
4/25/27
...
5,975
5,846
188348987.LC.FTS.B,
23.99%,
4/26/27
...
6,498
6,458
188400206.LC.FTS.B,
23.19%,
4/27/27
...
11,238
11,094
188048788.LC.FTS.B,
25.99%,
4/28/27
...
20,916
20,156
187899660.LC.FTS.B,
23.99%,
4/29/27
...
17,557
16,927
188543660.LC.FTS.B,
25.99%,
4/29/27
...
22,264
2,538
186780718.LC.FTS.B,
Zero
Cpn,
4/30/27
.
36,003
(75)
188557045.LC.FTS.B,
18.99%,
4/30/27
...
22,405
21,388
188590730.LC.FTS.B,
20.49%,
4/30/27
...
35,120
12,919
188352447.LC.FTS.B,
21.49%,
4/30/27
...
8,362
3,081
188574271.LC.FTS.B,
22.49%,
4/30/27
...
24,160
23,683
188575150.LC.FTS.B,
22.99%,
4/30/27
...
19,889
19,496
828,370
Prosper
Funding
LLC
1654956.PS.FTS.B,
13.2%,
10/26/24
....
2,556
2,510
1648237.PS.FTS.B,
15.1%,
10/26/24
....
3,657
3,590
1645289.PS.FTS.B,
15.29%,
10/27/24
...
3,005
2,951
1645544.PS.FTS.B,
15.5%,
10/27/24
....
8,528
8,375
1649764.PS.FTS.B,
10.6%,
10/28/24
....
7,255
7,169
1646276.PS.FTS.B,
13.36%,
10/28/24
...
6,666
6,602
1657446.PS.FTS.B,
14.79%,
10/29/24
...
9,980
9,976
1649248.PS.FTS.B,
16.6%,
10/29/24
....
12,650
12,743
1647314.PS.FTS.B,
20.01%,
10/29/24
...
7,771
7,879
1651390.PS.FTS.B,
12%,
11/01/24
......
2,442
2,369
1648712.PS.FTS.B,
12.4%,
11/02/24
....
5,879
5,704
1660875.PS.FTS.B,
12%,
11/05/24
......
977
948
1660866.PS.FTS.B,
15.1%,
11/05/24
....
6,747
6,557
1651670.PS.FTS.B,
11.4%,
11/08/24
.....
3,161
3,071
1664688.PS.FTS.B,
11.4%,
11/08/24
.....
6,078
5,906
1657969.PS.FTS.B,
11.88%,
11/08/24
....
15,080
14,652
1657975.PS.FTS.B,
13.05%,
11/08/24
....
9,846
9,566
1651664.PS.FTS.B,
13.87%,
11/08/24
....
5,944
5,783
1665222.PS.FTS.B,
20.46%,
11/08/24
....
10,383
10,219
1653485.PS.FTS.B,
10.8%,
11/09/24
....
3,745
3,645
Description
Principal
Amount
Value
Prosper
Funding
LLC
(continued)
1658923.PS.FTS.B,
14.39%,
11/09/24
....
$
4,954
$
4,822
1653425.PS.FTS.B,
17.8%,
11/09/24
....
1,019
1,004
1666974.PS.FTS.B,
11.7%,
11/10/24
.....
3,899
3,790
1667316.PS.FTS.B,
15.4%,
11/10/24
....
4,985
4,853
1660087.PS.FTS.B,
16.02%,
11/10/24
....
2,504
2,468
1660872.PS.FTS.B,
19.71%,
11/11/24
....
3,873
3,807
1658476.PS.FTS.B,
13.6%,
11/20/24
....
3,973
3,856
1644782.PS.FTS.B,
15%,
11/25/24
......
3,564
3,480
1661316.PS.FTS.B,
14.09%,
11/29/24
....
5,880
755
1649773.PS.FTS.B,
15.1%,
12/02/24
....
4,051
3,948
1656467.PS.FTS.B,
17.8%,
12/08/24
....
244
241
1686279.PS.FTS.B,
10.8%,
12/15/24
....
2,435
2,394
1686276.PS.FTS.B,
13.9%,
12/15/24
....
3,142
3,058
1686264.PS.FTS.B,
14.11%,
12/15/24
....
12,796
12,434
1673615.PS.FTS.B,
13.96%,
12/16/24
...
2,357
2,291
1680019.PS.FTS.B,
13.96%,
12/16/24
...
9,767
9,495
1686630.PS.FTS.B,
15.1%,
12/16/24
....
3,168
3,084
1680844.PS.FTS.B,
15.29%,
12/17/24
...
5,552
5,406
1687257.PS.FTS.B,
16%,
12/17/24
......
6,379
6,212
1687224.PS.FTS.B,
19.6%,
12/17/24
....
2,722
2,685
1674899.PS.FTS.B,
13.8%,
12/20/24
....
13,082
12,723
1689444.PS.FTS.B,
11.79%,
12/21/24
....
7,739
7,528
1676741.PS.FTS.B,
21.45%,
12/22/24
...
5,759
5,695
1679401.PS.FTS.B,
18.11%,
12/24/24
....
1,085
1,053
1659661.PS.FTS.B,
18.6%,
12/26/24
....
4,808
4,688
1673252.PS.FTS.B,
16.3%,
12/29/24
....
8,526
8,497
1683619.PS.FTS.B,
12.33%,
12/30/24
...
19,176
18,618
1690636.PS.FTS.B,
17%,
1/07/25
.......
5,623
5,504
1694140.PS.FTS.B,
12.3%,
1/12/25
.....
9,270
8,983
1701024.PS.FTS.B,
15.1%,
1/12/25
.....
8,332
8,078
1693717.PS.FTS.B,
15.7%,
1/12/25
.....
8,390
8,114
1700814.PS.FTS.B,
16.6%,
1/12/25
.....
8,413
8,156
1693750.PS.FTS.B,
19.3%,
1/12/25
.....
2,853
2,799
1695016.PS.FTS.B,
12.2%,
1/13/25
.....
10,354
10,035
1688477.PS.FTS.B,
17.59%,
1/13/25
....
1,664
1,609
1701786.PS.FTS.B,
20.01%,
1/13/25
....
1,719
1,687
1689320.PS.FTS.B,
12%,
1/14/25
.......
10,863
10,531
1689317.PS.FTS.B,
13.4%,
1/14/25
.....
12,359
11,993
1695328.PS.FTS.B,
13.6%,
1/14/25
.....
2,200
2,135
1695337.PS.FTS.B,
13.6%,
1/14/25
.....
1,098
1,065
1695322.PS.FTS.B,
13.7%,
1/14/25
.....
1,926
1,867
1695349.PS.FTS.B,
14.39%,
1/14/25
....
4,166
4,032
1702131.PS.FTS.B,
14.49%,
1/14/25
....
8,852
8,589
1689350.PS.FTS.B,
14.89%,
1/14/25
....
2,773
2,691
1689689.PS.FTS.B,
15.1%,
1/14/25
.....
4,297
4,169
1702164.PS.FTS.B,
16.2%,
1/14/25
.....
1,185
1,157
1695730.PS.FTS.B,
16.6%,
1/14/25
.....
4,651
4,501
1686609.PS.FTS.B,
11.16%,
1/15/25
....
5,414
5,250
1696453.PS.FTS.B,
14.39%,
1/18/25
....
3,317
3,224
1702737.PS.FTS.B,
15.1%,
1/18/25
.....
6,098
1,495
1704912.PS.FTS.B,
12.3%,
1/19/25
.....
5,453
5,293
1705407.PS.FTS.B,
13.5%,
1/20/25
.....
5,475
5,325
1706154.PS.FTS.B,
15.29%,
1/20/25
....
5,005
4,867
1695325.PS.FTS.B,
18.09%,
1/20/25
....
5,684
5,563
1693714.PS.FTS.B,
22.6%,
1/20/25
.....
5,360
5,294
1698682.PS.FTS.B,
22.6%,
1/20/25
.....
3,493
3,474
1693753.PS.FTS.B,
24.4%,
1/21/25
.....
1,926
1,902
1702071.PS.FTS.B,
25.99%,
1/22/25
....
708
698
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
96
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Prosper
Funding
LLC
(continued)
1706943.PS.FTS.B,
17.7%,
1/24/25
.....
$
11,296
$
11,154
1690034.PS.FTS.B,
11.6%,
1/25/25
.....
2,997
2,905
1702114.PS.FTS.B,
16%,
1/25/25
.......
1,513
1,475
1692299.PS.FTS.B,
21.5%,
1/26/25
.....
2,561
649
1700610.PS.FTS.B,
22.6%,
1/26/25
.....
2,944
2,903
1711818.PS.FTS.B,
17.8%,
1/31/25
.....
17,092
10,292
1693775.PS.FTS.B,
22.6%,
2/01/25
.....
3,086
3,049
1702474.PS.FTS.B,
22%,
2/02/25
.......
15,317
15,022
1702146.PS.FTS.B,
13.2%,
2/09/25
.....
2,338
2,259
1721664.PS.FTS.B,
11.4%,
2/15/25
.....
3,985
3,858
1708013.PS.FTS.B,
11.7%,
2/15/25
.....
3,993
3,866
1721415.PS.FTS.B,
11.7%,
2/15/25
.....
5,418
5,246
1715365.PS.FTS.B,
11.79%,
2/15/25
....
6,943
6,730
1708001.PS.FTS.B,
11.89%,
2/15/25
....
5,710
5,529
1721412.PS.FTS.B,
13.9%,
2/15/25
.....
5,782
5,598
1721856.PS.FTS.B,
14.6%,
2/15/25
.....
6,678
6,468
1720959.PS.FTS.B,
16.6%,
2/15/25
.....
5,878
5,692
1715137.PS.FTS.B,
16.7%,
2/15/25
.....
7,352
7,207
1708886.PS.FTS.B,
17.4%,
2/15/25
.....
14,765
14,473
1714681.PS.FTS.B,
22.6%,
2/15/25
.....
4,889
4,814
1720995.PS.FTS.B,
25.4%,
2/15/25
.....
2,473
2,445
1722456.PS.FTS.B,
14.09%,
2/16/25
....
3,182
3,083
1715824.PS.FTS.B,
17%,
2/16/25
.......
1,754
1,720
1715869.PS.FTS.B,
23.13%,
2/16/25
....
3,051
2,991
1722855.PS.FTS.B,
14.6%,
2/17/25
.....
5,807
5,628
1721859.PS.FTS.B,
15.4%,
2/17/25
.....
10,814
10,473
1716898.PS.FTS.B,
21%,
2/17/25
.......
6,032
5,973
1708889.PS.FTS.B,
12.97%,
2/20/25
....
13,801
1,749
1700725.PS.FTS.B,
18.4%,
2/20/25
.....
10,521
247
1708025.PS.FTS.B,
12.3%,
2/21/25
.....
2,655
2,573
1708019.PS.FTS.B,
14.2%,
2/23/25
.....
2,866
2,776
1712990.PS.FTS.B,
17%,
2/23/25
.......
3,241
3,190
1720297.PS.FTS.B,
18.6%,
2/23/25
.....
3,624
3,554
1721877.PS.FTS.B,
14.39%,
2/28/25
....
5,998
5,916
1720956.PS.FTS.B,
15.1%,
2/28/25
.....
7,697
7,544
1722244.PS.FTS.B,
17.54%,
2/28/25
....
15,453
15,481
1752441.PS.FTS.B,
13.7%,
4/05/25
.....
4,742
4,569
1742756.PS.FTS.B,
18.6%,
4/05/25
.....
2,597
2,517
1749697.PS.FTS.B,
13.7%,
4/06/25
.....
9,472
9,128
1749733.PS.FTS.B,
13.9%,
4/06/25
.....
3,798
3,650
1749727.PS.FTS.B,
18.11%,
4/06/25
....
12,966
12,432
1744490.PS.FTS.B,
12.3%,
4/07/25
.....
6,274
6,048
1753725.PS.FTS.B,
14.6%,
4/07/25
.....
2,781
2,673
1743983.PS.FTS.B,
15.86%,
4/07/25
....
2,753
2,641
1753728.PS.FTS.B,
16.8%,
4/07/25
.....
1,286
1,236
1744487.PS.FTS.B,
18.09%,
4/07/25
....
13,143
12,753
1744493.PS.FTS.B,
19.3%,
4/07/25
.....
13,032
12,644
1743971.PS.FTS.B,
22.9%,
4/07/25
.....
9,975
9,710
1744373.PS.FTS.B,
23.13%,
4/07/25
....
2,674
2,584
1745288.PS.FTS.B,
15.9%,
4/08/25
.....
1,280
1,231
1755081.PS.FTS.B,
16.06%,
4/08/25
....
3,856
3,710
1745372.PS.FTS.B,
18.41%,
4/08/25
....
2,983
2,869
1752910.PS.FTS.B,
10.5%,
4/11/25
.....
6,244
6,021
1752838.PS.FTS.B,
14.6%,
4/11/25
.....
3,177
3,059
1755426.PS.FTS.B,
19.83%,
4/11/25
....
234
231
1754245.PS.FTS.B,
16%,
4/12/25
.......
9,604
9,345
1757928.PS.FTS.B,
22.6%,
4/13/25
.....
2,651
2,602
1757895.PS.FTS.B,
24.4%,
4/13/25
.....
6,688
6,565
Description
Principal
Amount
Value
Prosper
Funding
LLC
(continued)
1750528.PS.FTS.B,
21.5%,
4/15/25
.....
$
3,313
$
3,203
1757065.PS.FTS.B,
22.06%,
4/15/25
....
7,931
7,796
1750469.PS.FTS.B,
19.5%,
4/17/25
.....
3,519
3,428
1762446.PS.FTS.B,
25.4%,
4/19/25
.....
7,323
1,938
1745342.PS.FTS.B,
13.9%,
4/20/25
.....
8,043
6,657
1751899.PS.FTS.B,
22.6%,
4/20/25
.....
5,064
1,290
1755585.PS.FTS.B,
17.84%,
4/25/25
....
11,780
11,317
1755967.PS.FTS.B,
22.6%,
4/26/25
.....
1,699
1,662
1744502.PS.FTS.B,
20.46%,
4/30/25
....
4,848
4,671
1743599.PS.FTS.B,
24.3%,
4/30/25
.....
4,135
4,116
1714675.PS.FTS.B,
24.5%,
5/23/25
.....
11,621
7,677
1700571.PS.FTS.B,
18.11%,
11/26/25
....
8,484
5,092
1745207.PS.FTS.B,
13.7%,
2/16/26
.....
4,311
560
1744778.PS.FTS.B,
18.09%,
3/08/26
....
7,189
4,197
1655640.PS.FTS.B,
16.33%,
10/27/26
...
16,154
15,629
1648879.PS.FTS.B,
16.63%,
10/27/26
...
11,296
11,177
1655235.PS.FTS.B,
24.03%,
10/27/26
...
11,017
11,196
1649857.PS.FTS.B,
10.5%,
10/28/26
....
10,841
10,587
1656498.PS.FTS.B,
10.9%,
10/28/26
....
5,436
5,310
1649350.PS.FTS.B,
18.78%,
10/28/26
...
10,303
10,357
1657464.PS.FTS.B,
10.5%,
10/29/26
....
6,354
6,239
1646555.PS.FTS.B,
10.9%,
10/29/26
....
18,118
17,704
1646513.PS.FTS.B,
13.2%,
10/29/26
....
11,044
10,823
1646915.PS.FTS.B,
16.1%,
10/29/26
....
11,257
11,302
1656576.PS.FTS.B,
16.18%,
10/29/26
...
26,280
25,811
1648681.PS.FTS.B,
12.21%,
11/01/26
....
4,396
4,242
1658775.PS.FTS.B,
12.5%,
11/02/26
....
25,425
24,429
1658586.PS.FTS.B,
23.64%,
11/02/26
....
16,790
2,235
1651286.PS.FTS.B,
24.33%,
11/05/26
....
11,847
11,758
1664685.PS.FTS.B,
11.79%,
11/08/26
....
14,578
14,025
1665042.PS.FTS.B,
14.68%,
11/08/26
....
11,148
10,723
1658917.PS.FTS.B,
10.7%,
11/09/26
....
10,128
9,747
1666464.PS.FTS.B,
15.29%,
11/09/26
....
7,461
7,161
1654475.PS.FTS.B,
10.8%,
11/10/26
....
10,859
10,452
1660093.PS.FTS.B,
10.9%,
11/10/26
....
3,199
3,083
1666896.PS.FTS.B,
11.7%,
11/10/26
.....
16,325
15,795
1654034.PS.FTS.B,
13.6%,
11/10/26
....
7,379
7,086
1665225.PS.FTS.B,
19.53%,
11/11/26
....
5,377
5,227
1654907.PS.FTS.B,
16%,
11/12/26
......
7,606
7,417
1652072.PS.FTS.B,
11.1%,
11/15/26
.....
7,278
6,996
1667685.PS.FTS.B,
17.1%,
11/15/26
....
18,906
18,426
1660869.PS.FTS.B,
19%,
11/16/26
......
7,296
980
1664865.PS.FTS.B,
14.29%,
12/01/26
...
9,955
9,513
1660267.PS.FTS.B,
14%,
12/07/26
......
20,942
20,067
1673249.PS.FTS.B,
10.7%,
12/15/26
....
13,294
12,801
1679392.PS.FTS.B,
13.8%,
12/15/26
....
5,275
5,066
1673255.PS.FTS.B,
17.01%,
12/15/26
...
10,760
10,511
1673258.PS.FTS.B,
18.48%,
12/15/26
...
6,142
5,986
1686267.PS.FTS.B,
21.18%,
12/15/26
...
7,871
7,683
1679752.PS.FTS.B,
10.71%,
12/16/26
...
11,128
10,710
1679995.PS.FTS.B,
12.7%,
12/16/26
....
2,311
2,260
1673606.PS.FTS.B,
16.33%,
12/16/26
...
5,932
5,697
1686612.PS.FTS.B,
16.8%,
12/16/26
....
19,061
18,305
1679746.PS.FTS.B,
16.93%,
12/16/26
...
11,523
11,066
1673612.PS.FTS.B,
19.3%,
12/16/26
....
4,673
4,566
1674065.PS.FTS.B,
27.18%,
12/16/26
...
12,182
12,179
1674635.PS.FTS.B,
13.77%,
12/17/26
...
12,808
12,308
1681423.PS.FTS.B,
10.08%,
12/20/26
...
11,050
10,645
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
97
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Prosper
Funding
LLC
(continued)
1688043.PS.FTS.B,
10.5%,
12/20/26
....
$
8,851
$
8,532
1681000.PS.FTS.B,
11.6%,
12/20/26
....
10,410
8,367
1681408.PS.FTS.B,
14.7%,
12/20/26
....
7,578
7,289
1675322.PS.FTS.B,
21.09%,
12/20/26
...
11,801
11,845
1676714.PS.FTS.B,
12.62%,
12/21/26
...
26,177
25,239
1673600.PS.FTS.B,
11.6%,
12/25/26
....
7,455
7,175
1681444.PS.FTS.B,
9.81%,
12/27/26
....
15,016
14,465
1687683.PS.FTS.B,
11.61%,
1/02/27
....
13,732
13,207
1687826.PS.FTS.B,
12.6%,
1/12/27
.....
9,145
8,794
1688138.PS.FTS.B,
13.6%,
1/12/27
.....
26,834
25,698
1700574.PS.FTS.B,
14%,
1/12/27
.......
7,301
6,992
1700562.PS.FTS.B,
15.18%,
1/12/27
....
17,403
16,755
1688201.PS.FTS.B,
24.03%,
1/12/27
....
8,112
8,058
1694581.PS.FTS.B,
10.5%,
1/13/27
.....
11,284
10,854
1686624.PS.FTS.B,
11.2%,
1/13/27
.....
3,423
3,309
1701357.PS.FTS.B,
11.7%,
1/13/27
.....
7,579
7,290
1694575.PS.FTS.B,
11.99%,
1/13/27
....
15,945
15,336
1688543.PS.FTS.B,
16.18%,
1/13/27
....
11,697
11,181
1689314.PS.FTS.B,
10.26%,
1/14/27
....
26,396
25,381
1689533.PS.FTS.B,
10.5%,
1/14/27
.....
4,138
3,981
1695334.PS.FTS.B,
15.1%,
1/14/27
.....
8,508
8,152
1702050.PS.FTS.B,
18.78%,
1/14/27
....
7,896
7,680
1689323.PS.FTS.B,
26.88%,
1/14/27
....
2,467
2,451
1689608.PS.FTS.B,
28.23%,
1/14/27
....
12,411
12,328
1689992.PS.FTS.B,
11.7%,
1/18/27
.....
23,497
22,625
1691645.PS.FTS.B,
22.9%,
1/19/27
.....
1,663
1,431
1705371.PS.FTS.B,
12.62%,
1/20/27
....
22,866
22,027
1692635.PS.FTS.B,
14.7%,
1/20/27
.....
19,292
18,525
1705833.PS.FTS.B,
18.48%,
1/20/27
....
3,153
3,077
1693711.PS.FTS.B,
21.63%,
1/25/27
....
8,096
8,003
1688975.PS.FTS.B,
12.4%,
1/27/27
.....
17,163
16,498
1689341.PS.FTS.B,
11.7%,
1/28/27
.....
11,659
11,331
1704399.PS.FTS.B,
13.8%,
2/03/27
.....
27,557
26,355
1689626.PS.FTS.B,
19%,
2/07/27
.......
8,113
7,827
1689947.PS.FTS.B,
18.2%,
2/11/27
.....
4,734
4,594
1693040.PS.FTS.B,
15.29%,
2/13/27
....
11,963
11,444
1715428.PS.FTS.B,
9.99%,
2/15/27
.....
3,823
3,677
1708010.PS.FTS.B,
10.5%,
2/15/27
.....
8,052
7,745
1714702.PS.FTS.B,
11.6%,
2/15/27
.....
2,701
2,598
1720965.PS.FTS.B,
11.7%,
2/15/27
.....
19,306
18,568
1708892.PS.FTS.B,
11.79%,
2/15/27
....
15,453
14,862
1714669.PS.FTS.B,
11.79%,
2/15/27
....
10,045
9,661
1708910.PS.FTS.B,
12.5%,
2/15/27
.....
4,021
3,903
1707998.PS.FTS.B,
13.5%,
2/15/27
.....
14,043
13,441
1708442.PS.FTS.B,
13.5%,
2/15/27
.....
5,514
5,318
1714684.PS.FTS.B,
14.53%,
2/15/27
....
11,717
11,268
1720971.PS.FTS.B,
14.7%,
2/15/27
.....
15,943
15,258
1720962.PS.FTS.B,
15.1%,
2/15/27
.....
7,632
7,302
1707995.PS.FTS.B,
15.7%,
2/15/27
.....
29,992
–
1715584.PS.FTS.B,
16.33%,
2/15/27
....
5,546
5,307
1708445.PS.FTS.B,
16.63%,
2/15/27
....
1,505
1,457
1708439.PS.FTS.B,
16.7%,
2/15/27
.....
4,759
4,616
1714666.PS.FTS.B,
18.13%,
2/15/27
....
21,616
–
1715575.PS.FTS.B,
18.59%,
2/15/27
....
7,825
7,582
1708043.PS.FTS.B,
19%,
2/15/27
.......
1,643
1,586
1715572.PS.FTS.B,
21.5%,
2/15/27
.....
12,199
12,088
1715140.PS.FTS.B,
24.03%,
2/15/27
....
2,194
2,132
1715893.PS.FTS.B,
10.8%,
2/16/27
.....
6,146
5,913
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Prosper
Funding
LLC
(continued)
1702128.PS.FTS.B,
13.4%,
2/16/27
.....
$
11,940
$
11,468
1722345.PS.FTS.B,
15.7%,
2/16/27
.....
24,479
23,432
1709228.PS.FTS.B,
18.48%,
2/16/27
....
11,234
10,900
1709420.PS.FTS.B,
21.18%,
2/16/27
....
8,851
8,583
1716991.PS.FTS.B,
13.7%,
2/17/27
.....
19,527
18,702
1709807.PS.FTS.B,
15.1%,
2/17/27
.....
14,175
13,569
1696093.PS.FTS.B,
16%,
2/17/27
.......
11,871
11,530
1710296.PS.FTS.B,
21.18%,
2/17/27
....
8,120
7,878
1709822.PS.FTS.B,
26.2%,
2/17/27
.....
12,464
12,350
1711007.PS.FTS.B,
18.78%,
2/18/27
....
13,481
13,093
1710686.PS.FTS.B,
19%,
2/18/27
.......
8,033
7,802
1723455.PS.FTS.B,
19%,
2/18/27
.......
4,270
1,074
1724112.PS.FTS.B,
11.2%,
2/25/27
......
13,723
13,214
1721862.PS.FTS.B,
12.3%,
2/28/27
.....
7,938
7,717
1720876.PS.FTS.B,
18.4%,
2/28/27
.....
15,257
14,710
1717768.PS.FTS.B,
26.51%,
2/28/27
....
1,831
–
1725226.PS.FTS.B,
11.5%,
3/03/27
.....
7,867
7,543
1710332.PS.FTS.B,
16.18%,
3/10/27
....
12,277
11,716
1749361.PS.FTS.B,
10.5%,
4/05/27
.....
11,153
10,699
1742753.PS.FTS.B,
11.7%,
4/05/27
.....
11,223
10,766
1749355.PS.FTS.B,
12.7%,
4/05/27
.....
28,190
27,041
1742750.PS.FTS.B,
16.18%,
4/05/27
....
6,967
6,624
1752456.PS.FTS.B,
16.18%,
4/05/27
....
4,918
4,676
1752438.PS.FTS.B,
18.13%,
4/05/27
....
8,271
7,863
1749730.PS.FTS.B,
11.6%,
4/06/27
.....
12,021
11,534
1752882.PS.FTS.B,
12.4%,
4/06/27
.....
4,023
3,859
1752861.PS.FTS.B,
12.5%,
4/06/27
.....
8,049
7,723
1750048.PS.FTS.B,
13.13%,
4/06/27
....
12,112
11,524
1750153.PS.FTS.B,
16.9%,
4/06/27
.....
7,401
7,095
1750045.PS.FTS.B,
29.69%,
4/06/27
....
8,671
8,445
1750531.PS.FTS.B,
10.5%,
4/07/27
.....
9,380
9,020
1743968.PS.FTS.B,
11.2%,
4/07/27
.....
14,326
1,734
1744484.PS.FTS.B,
11.2%,
4/07/27
.....
27,985
26,857
1754274.PS.FTS.B,
11.6%,
4/07/27
.....
2,804
2,691
1754268.PS.FTS.B,
13.4%,
4/07/27
.....
8,086
7,696
1751020.PS.FTS.B,
14.49%,
4/07/27
....
4,760
4,529
1753719.PS.FTS.B,
14.68%,
4/07/27
....
13,013
12,487
1744412.PS.FTS.B,
19%,
4/07/27
.......
10,794
10,349
1745348.PS.FTS.B,
10.4%,
4/08/27
.....
23,887
22,930
1745183.PS.FTS.B,
10.5%,
4/08/27
.....
6,772
6,500
1745378.PS.FTS.B,
12.2%,
4/08/27
.....
12,056
11,572
1745375.PS.FTS.B,
17.1%,
4/08/27
.....
246
242
1749376.PS.FTS.B,
19.06%,
4/10/27
....
4,586
4,374
1755504.PS.FTS.B,
10.29%,
4/11/27
....
7,162
6,880
1745708.PS.FTS.B,
11.79%,
4/11/27
.....
2,404
2,309
1752913.PS.FTS.B,
15.5%,
4/11/27
.....
8,169
7,785
1755513.PS.FTS.B,
21%,
4/11/27
.......
5,026
4,920
1754277.PS.FTS.B,
25.9%,
4/11/27
.....
2,996
2,905
1756335.PS.FTS.B,
18.33%,
4/12/27
....
19,454
18,703
1755102.PS.FTS.B,
15.29%,
4/13/27
....
24,540
23,329
1759314.PS.FTS.B,
10.8%,
4/14/27
.....
7,979
7,670
1742747.PS.FTS.B,
14.38%,
4/15/27
....
8,576
8,226
1760241.PS.FTS.B,
15%,
4/15/27
.......
12,280
11,704
1742765.PS.FTS.B,
18%,
4/15/27
.......
4,991
4,763
1750933.PS.FTS.B,
18.48%,
4/15/27
....
1,987
1,916
1762938.PS.FTS.B,
16.83%,
4/20/27
....
13,855
13,376
1750289.PS.FTS.B,
15%,
4/22/27
.......
17,077
13,853
1752091.PS.FTS.B,
13.2%,
4/28/27
.....
28,474
27,074
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
98
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Prosper
Funding
LLC
(continued)
1744499.PS.FTS.B,
18.48%,
4/30/27
....
$
7,568
$
7,231
1693289.PS.FTS.B,
12.9%,
12/21/27
....
8,080
3,977
2,429,924
Upgrade,
Inc.
24996014.UG.FTS.B,
25.26%,
1/21/24
...
3,085
3,114
22753947.UG.FTS.B,
28.99%,
9/16/24
...
7,157
7,560
22724262.UG.FTS.B,
29.69%,
9/17/24
...
9,417
9,992
22728779.UG.FTS.B,
15.62%,
9/20/24
...
3,989
4,135
23038391.UG.FTS.B,
26.77%,
9/26/24
...
4,526
4,761
22932098.UG.FTS.B,
28.71%,
10/01/24
..
7,879
8,263
22732959.UG.FTS.B,
28.71%,
10/03/24
..
9,848
10,335
23786228.UG.FTS.B,
29.69%,
10/28/24
..
4,893
5,220
24184289.UG.FTS.B,
27.74%,
11/06/24
..
5,331
5,528
24800940.UG.FTS.B,
25.82%,
11/27/24
..
12,008
12,626
24350329.UG.FTS.B,
27.74%,
11/29/24
..
4,924
5,209
24938220.UG.FTS.B,
26.77%,
12/03/24
..
8,484
8,868
25206108.UG.FTS.B,
25.82%,
12/20/24
..
6,318
6,618
24763225.UG.FTS.B,
27.74%,
12/24/24
..
16,979
17,939
25561593.UG.FTS.B,
21.93%,
12/27/24
..
8,674
9,054
25820593.UG.FTS.B,
26.77%,
1/17/25
...
5,504
5,747
25702486.UG.FTS.B,
29.69%,
1/17/25
...
7,941
8,466
25774878.UG.FTS.B,
29.69%,
1/25/25
...
19,106
20,271
153,706
Upgrade,
Inc.
-
Card
991814338.UG.FTS.B,
29.49%,
10/12/23
.
7
7
991778146.UG.FTS.B,
18.71%,
2/10/24
..
91
92
991813036.UG.FTS.B,
29.49%,
2/10/24
..
407
415
991858193.UG.FTS.B,
29.49%,
2/10/24
..
58
58
991820873.UG.FTS.B,
29.48%,
2/11/24
..
86
87
991812184.UG.FTS.B,
29.49%,
2/11/24
..
5
5
991812643.UG.FTS.B,
29.49%,
2/11/24
..
39
39
991812846.UG.FTS.B,
29.49%,
2/11/24
..
7
7
991811276.UG.FTS.B,
21.48%,
2/12/24
..
137
137
991798559.UG.FTS.B,
22.47%,
2/12/24
..
76
76
991806903.UG.FTS.B,
23.45%,
2/12/24
..
23
23
991819802.UG.FTS.B,
26.44%,
2/12/24
..
32
5
991831361.UG.FTS.B,
28.48%,
2/12/24
..
53
53
991840432.UG.FTS.B,
28.48%,
2/12/24
..
53
54
991857933.UG.FTS.B,
28.48%,
2/12/24
..
193
196
991848000.UG.FTS.B,
29.48%,
2/12/24
..
32
32
991850943.UG.FTS.B,
29.48%,
2/12/24
..
33
33
991803198.UG.FTS.B,
29.49%,
2/12/24
..
–
–
991803397.UG.FTS.B,
29.49%,
2/12/24
..
74
12
991813205.UG.FTS.B,
29.49%,
2/12/24
..
448
456
991819265.UG.FTS.B,
29.49%,
2/12/24
..
32
32
991824044.UG.FTS.B,
29.49%,
2/12/24
..
45
46
991833480.UG.FTS.B,
29.49%,
2/12/24
..
456
465
991835219.UG.FTS.B,
29.49%,
2/12/24
..
107
109
991849905.UG.FTS.B,
29.49%,
2/12/24
..
8
8
991855248.UG.FTS.B,
29.49%,
2/12/24
..
178
181
991855877.UG.FTS.B,
29.49%,
2/12/24
..
57
(2)
991843314.UG.FTS.B,
18.47%,
2/13/24
..
199
201
991762858.UG.FTS.B,
19.3%,
2/13/24
...
38
38
991802789.UG.FTS.B,
20.47%,
2/13/24
..
142
143
991823885.UG.FTS.B,
22.45%,
2/13/24
..
99
7
991815791.UG.FTS.B,
25.45%,
2/13/24
..
59
59
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991813666.UG.FTS.B,
28.48%,
2/13/24
..
$
43
$
44
991834075.UG.FTS.B,
28.48%,
2/13/24
..
265
78
991847628.UG.FTS.B,
28.48%,
2/13/24
..
39
39
991852216.UG.FTS.B,
28.48%,
2/13/24
..
11
11
991856699.UG.FTS.B,
28.48%,
2/13/24
..
62
63
991760964.UG.FTS.B,
29.48%,
2/13/24
..
20
20
991809378.UG.FTS.B,
29.48%,
2/13/24
..
31
32
991807707.UG.FTS.B,
29.49%,
2/13/24
..
61
62
991808245.UG.FTS.B,
29.49%,
2/13/24
..
5
5
991814627.UG.FTS.B,
29.49%,
2/13/24
..
321
127
991815439.UG.FTS.B,
29.49%,
2/13/24
..
41
42
991818894.UG.FTS.B,
29.49%,
2/13/24
..
69
70
991825123.UG.FTS.B,
29.49%,
2/13/24
..
34
34
991825647.UG.FTS.B,
29.49%,
2/13/24
..
25
25
991828989.UG.FTS.B,
29.49%,
2/13/24
..
249
254
991830056.UG.FTS.B,
29.49%,
2/13/24
..
26
26
991832221.UG.FTS.B,
29.49%,
2/13/24
..
79
80
991837737.UG.FTS.B,
29.49%,
2/13/24
..
32
33
991838509.UG.FTS.B,
29.49%,
2/13/24
..
54
55
991838791.UG.FTS.B,
29.49%,
2/13/24
..
36
37
991843833.UG.FTS.B,
29.49%,
2/13/24
..
49
49
991854419.UG.FTS.B,
29.49%,
2/13/24
..
127
4
991805184.UG.FTS.B,
Zero
Cpn,
2/14/24
.
–
–
991825384.UG.FTS.B,
19.96%,
2/14/24
..
66
66
991835702.UG.FTS.B,
19.99%,
2/14/24
..
151
153
991840652.UG.FTS.B,
19.99%,
2/14/24
..
32
32
991851736.UG.FTS.B,
22.47%,
2/14/24
..
46
46
991811392.UG.FTS.B,
28.48%,
2/14/24
..
91
7
991812386.UG.FTS.B,
28.48%,
2/14/24
..
32
32
991835889.UG.FTS.B,
28.48%,
2/14/24
..
52
53
991847502.UG.FTS.B,
28.48%,
2/14/24
..
24
24
991821791.UG.FTS.B,
29.48%,
2/14/24
..
41
42
991842427.UG.FTS.B,
29.48%,
2/14/24
..
32
33
991777332.UG.FTS.B,
29.49%,
2/14/24
..
38
39
991802654.UG.FTS.B,
29.49%,
2/14/24
..
92
94
991804214.UG.FTS.B,
29.49%,
2/14/24
..
–
–
991807223.UG.FTS.B,
29.49%,
2/14/24
..
50
50
991807331.UG.FTS.B,
29.49%,
2/14/24
..
39
39
991811416.UG.FTS.B,
29.49%,
2/14/24
..
72
73
991819107.UG.FTS.B,
29.49%,
2/14/24
..
93
6
991820078.UG.FTS.B,
29.49%,
2/14/24
..
34
34
991824942.UG.FTS.B,
29.49%,
2/14/24
..
5
5
991827030.UG.FTS.B,
29.49%,
2/14/24
..
39
40
991829905.UG.FTS.B,
29.49%,
2/14/24
..
15
15
991839021.UG.FTS.B,
29.49%,
2/14/24
..
69
69
991841194.UG.FTS.B,
29.49%,
2/14/24
..
–
–
991843509.UG.FTS.B,
29.49%,
2/14/24
..
38
39
991842689.UG.FTS.B,
Zero
Cpn,
2/15/24
.
114
8
991853079.UG.FTS.B,
18.47%,
2/15/24
..
136
136
991803737.UG.FTS.B,
18.71%,
2/15/24
..
31
31
991857528.UG.FTS.B,
19.3%,
2/15/24
...
22
22
991843097.UG.FTS.B,
20.47%,
2/15/24
..
23
23
991850875.UG.FTS.B,
23.45%,
2/15/24
..
236
236
991809041.UG.FTS.B,
28.48%,
2/15/24
..
42
43
991811127.UG.FTS.B,
28.48%,
2/15/24
..
886
900
991812203.UG.FTS.B,
28.48%,
2/15/24
..
366
371
991845273.UG.FTS.B,
28.48%,
2/15/24
..
177
181
991819327.UG.FTS.B,
29.48%,
2/15/24
..
30
30
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
99
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991830580.UG.FTS.B,
29.48%,
2/15/24
..
$
14
$
14
991777925.UG.FTS.B,
29.49%,
2/15/24
..
23
23
991808840.UG.FTS.B,
29.49%,
2/15/24
..
57
58
991812295.UG.FTS.B,
29.49%,
2/15/24
..
70
72
991812557.UG.FTS.B,
29.49%,
2/15/24
..
53
53
991813506.UG.FTS.B,
29.49%,
2/15/24
..
46
47
991814696.UG.FTS.B,
29.49%,
2/15/24
..
95
98
991816140.UG.FTS.B,
29.49%,
2/15/24
..
192
195
991834770.UG.FTS.B,
29.49%,
2/15/24
..
18
18
991835844.UG.FTS.B,
29.49%,
2/15/24
..
44
46
991842522.UG.FTS.B,
29.49%,
2/15/24
..
73
73
991848451.UG.FTS.B,
29.49%,
2/15/24
..
6
6
991857458.UG.FTS.B,
29.49%,
2/15/24
..
18
18
991823874.UG.FTS.B,
17.47%,
2/16/24
..
167
168
991849830.UG.FTS.B,
17.49%,
2/16/24
..
223
225
991943688.UG.FTS.B,
29.49%,
2/16/24
..
198
203
991920721.UG.FTS.B,
28.48%,
2/17/24
..
60
61
991849598.UG.FTS.B,
29.49%,
2/17/24
..
32
32
991997607.UG.FTS.B,
29.49%,
2/17/24
..
89
91
991807781.UG.FTS.B,
19.8%,
4/13/24
...
33
28
991850187.UG.FTS.B,
29.49%,
5/12/24
..
48
48
991857984.UG.FTS.B,
29.49%,
5/14/24
..
63
52
991807617.UG.FTS.B,
29.49%,
8/12/24
..
304
241
991342732.UG.FTS.B,
29.49%,
12/23/24
.
221
235
991800343.UG.FTS.B,
29.49%,
1/14/25
..
66
53
991715757.UG.FTS.B,
15.97%,
2/08/25
..
444
32
991740852.UG.FTS.B,
15.97%,
2/08/25
..
120
45
991724808.UG.FTS.B,
17.99%,
2/08/25
..
472
470
991735248.UG.FTS.B,
17.99%,
2/08/25
..
185
184
991736378.UG.FTS.B,
Zero
Cpn,
2/10/25
.
2,650
185
991732442.UG.FTS.B,
14.98%,
2/10/25
..
554
560
991733275.UG.FTS.B,
14.98%,
2/10/25
..
228
233
991732663.UG.FTS.B,
15%,
2/10/25
.....
113
8
991742845.UG.FTS.B,
15.97%,
2/10/25
..
9
9
991776139.UG.FTS.B,
15.97%,
2/10/25
..
727
743
991839233.UG.FTS.B,
15.97%,
2/10/25
..
84
85
991734362.UG.FTS.B,
16.99%,
2/10/25
..
772
789
991758232.UG.FTS.B,
16.99%,
2/10/25
..
233
238
991771576.UG.FTS.B,
16.99%,
2/10/25
..
448
455
991940443.UG.FTS.B,
16.99%,
2/10/25
..
2,496
2,537
991767919.UG.FTS.B,
17.99%,
2/10/25
..
199
199
991802234.UG.FTS.B,
17.99%,
2/10/25
..
2,985
3,052
991910229.UG.FTS.B,
17.99%,
2/10/25
..
345
353
991761364.UG.FTS.B,
28.98%,
2/10/25
..
230
241
991822498.UG.FTS.B,
28.98%,
2/10/25
..
46
46
991827179.UG.FTS.B,
28.98%,
2/10/25
..
175
182
991854247.UG.FTS.B,
28.98%,
2/10/25
..
266
204
991740362.UG.FTS.B,
16.99%,
2/11/25
..
889
909
991747996.UG.FTS.B,
16.99%,
2/11/25
..
472
483
991755840.UG.FTS.B,
16.99%,
2/11/25
..
346
351
991778952.UG.FTS.B,
28.98%,
2/11/25
..
1,039
66
991851331.UG.FTS.B,
28.98%,
2/11/25
..
1,375
1,421
991745632.UG.FTS.B,
29.49%,
2/11/25
..
98
7
991804723.UG.FTS.B,
29.49%,
2/11/25
..
97
101
991809668.UG.FTS.B,
29.49%,
2/11/25
..
299
39
991815191.UG.FTS.B,
29.49%,
2/11/25
..
93
95
991815738.UG.FTS.B,
29.49%,
2/11/25
..
80
83
991829840.UG.FTS.B,
29.49%,
2/11/25
..
240
249
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991750465.UG.FTS.B,
Zero
Cpn,
2/12/25
.
$
1,256
$
88
991821193.UG.FTS.B,
Zero
Cpn,
2/12/25
.
166
11
991828740.UG.FTS.B,
Zero
Cpn,
2/12/25
.
253
18
991836274.UG.FTS.B,
Zero
Cpn,
2/12/25
.
382
27
991810022.UG.FTS.B,
14%,
2/12/25
.....
1,621
21
991758225.UG.FTS.B,
14.98%,
2/12/25
..
38
38
991769361.UG.FTS.B,
14.98%,
2/12/25
..
117
117
991772549.UG.FTS.B,
15%,
2/12/25
.....
587
600
991915264.UG.FTS.B,
15%,
2/12/25
.....
1,834
1,875
991777650.UG.FTS.B,
15.97%,
2/12/25
..
41
41
991797856.UG.FTS.B,
15.97%,
2/12/25
..
53
53
991898060.UG.FTS.B,
15.97%,
2/12/25
..
203
206
991758319.UG.FTS.B,
16.99%,
2/12/25
..
178
178
991769114.UG.FTS.B,
17.99%,
2/12/25
..
392
400
991807436.UG.FTS.B,
17.99%,
2/12/25
..
235
241
991884753.UG.FTS.B,
17.99%,
2/12/25
..
14
14
991941107.UG.FTS.B,
17.99%,
2/12/25
..
244
244
991827757.UG.FTS.B,
18.97%,
2/12/25
..
132
135
991872148.UG.FTS.B,
18.97%,
2/12/25
..
3,000
3,062
991816619.UG.FTS.B,
19.21%,
2/12/25
..
537
549
991864191.UG.FTS.B,
19.21%,
2/12/25
..
896
916
991840163.UG.FTS.B,
19.8%,
2/12/25
...
458
466
991760875.UG.FTS.B,
19.99%,
2/12/25
..
85
87
991786840.UG.FTS.B,
19.99%,
2/12/25
..
194
203
991805953.UG.FTS.B,
19.99%,
2/12/25
..
36
37
991826760.UG.FTS.B,
19.99%,
2/12/25
..
83
84
991752839.UG.FTS.B,
20.46%,
2/12/25
..
2,286
2,328
991785806.UG.FTS.B,
20.46%,
2/12/25
..
162
165
991852722.UG.FTS.B,
20.46%,
2/12/25
..
467
478
992003412.UG.FTS.B,
20.46%,
2/12/25
..
180
183
991871804.UG.FTS.B,
20.97%,
2/12/25
..
297
304
991957028.UG.FTS.B,
20.97%,
2/12/25
..
89
90
991802583.UG.FTS.B,
21.46%,
2/12/25
..
160
160
991806756.UG.FTS.B,
21.46%,
2/12/25
..
60
61
991821559.UG.FTS.B,
21.98%,
2/12/25
..
106
106
991863804.UG.FTS.B,
21.98%,
2/12/25
..
854
874
991833350.UG.FTS.B,
22.97%,
2/12/25
..
1,165
1,192
991820674.UG.FTS.B,
23.95%,
2/12/25
..
153
156
991849884.UG.FTS.B,
27.99%,
2/12/25
..
538
561
991753187.UG.FTS.B,
28.98%,
2/12/25
..
192
200
991786749.UG.FTS.B,
28.98%,
2/12/25
..
323
330
991801416.UG.FTS.B,
28.98%,
2/12/25
..
448
469
991803393.UG.FTS.B,
28.98%,
2/12/25
..
499
523
991803553.UG.FTS.B,
28.98%,
2/12/25
..
430
3
991804110.UG.FTS.B,
28.98%,
2/12/25
..
109
114
991806309.UG.FTS.B,
28.98%,
2/12/25
..
123
128
991808773.UG.FTS.B,
28.98%,
2/12/25
..
134
9
991812552.UG.FTS.B,
28.98%,
2/12/25
..
60
62
991817723.UG.FTS.B,
28.98%,
2/12/25
..
96
100
991817728.UG.FTS.B,
28.98%,
2/12/25
..
146
152
991818557.UG.FTS.B,
28.98%,
2/12/25
..
86
89
991820783.UG.FTS.B,
28.98%,
2/12/25
..
12
12
991829022.UG.FTS.B,
28.98%,
2/12/25
..
64
64
991830871.UG.FTS.B,
28.98%,
2/12/25
..
243
253
991832753.UG.FTS.B,
28.98%,
2/12/25
..
324
337
991836990.UG.FTS.B,
28.98%,
2/12/25
..
79
80
991838664.UG.FTS.B,
28.98%,
2/12/25
..
1,110
1,113
991838703.UG.FTS.B,
28.98%,
2/12/25
..
84
88
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
100
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991839992.UG.FTS.B,
28.98%,
2/12/25
..
$
20
$
20
991841608.UG.FTS.B,
28.98%,
2/12/25
..
214
225
991843868.UG.FTS.B,
28.98%,
2/12/25
..
188
197
991807146.UG.FTS.B,
29.46%,
2/12/25
..
252
264
991753952.UG.FTS.B,
29.49%,
2/12/25
..
412
423
991762228.UG.FTS.B,
29.49%,
2/12/25
..
99
104
991777163.UG.FTS.B,
29.49%,
2/12/25
..
31
32
991790482.UG.FTS.B,
29.49%,
2/12/25
..
156
161
991798251.UG.FTS.B,
29.49%,
2/12/25
..
83
85
991802896.UG.FTS.B,
29.49%,
2/12/25
..
46
4
991803191.UG.FTS.B,
29.49%,
2/12/25
..
199
208
991804775.UG.FTS.B,
29.49%,
2/12/25
..
431
109
991805631.UG.FTS.B,
29.49%,
2/12/25
..
117
(2)
991806948.UG.FTS.B,
29.49%,
2/12/25
..
116
122
991809346.UG.FTS.B,
29.49%,
2/12/25
..
134
138
991809887.UG.FTS.B,
29.49%,
2/12/25
..
160
21
991811105.UG.FTS.B,
29.49%,
2/12/25
..
49
50
991813309.UG.FTS.B,
29.49%,
2/12/25
..
123
130
991814464.UG.FTS.B,
29.49%,
2/12/25
..
28
2
991815155.UG.FTS.B,
29.49%,
2/12/25
..
73
18
991819588.UG.FTS.B,
29.49%,
2/12/25
..
528
443
991821588.UG.FTS.B,
29.49%,
2/12/25
..
13
12
991825037.UG.FTS.B,
29.49%,
2/12/25
..
50
52
991826473.UG.FTS.B,
29.49%,
2/12/25
..
51
52
991828550.UG.FTS.B,
29.49%,
2/12/25
..
434
107
991829556.UG.FTS.B,
29.49%,
2/12/25
..
35
36
991833915.UG.FTS.B,
29.49%,
2/12/25
..
76
10
991837472.UG.FTS.B,
29.49%,
2/12/25
..
122
31
991841177.UG.FTS.B,
29.49%,
2/12/25
..
287
(15)
991846043.UG.FTS.B,
29.49%,
2/12/25
..
90
95
991847529.UG.FTS.B,
29.49%,
2/12/25
..
12
13
991849938.UG.FTS.B,
29.49%,
2/12/25
..
96
102
991850254.UG.FTS.B,
29.49%,
2/12/25
..
14
14
991850275.UG.FTS.B,
29.49%,
2/12/25
..
242
56
991853347.UG.FTS.B,
29.49%,
2/12/25
..
2,032
2,132
991854668.UG.FTS.B,
29.49%,
2/12/25
..
1,587
1,669
991811705.UG.FTS.B,
Zero
Cpn,
2/13/25
.
191
13
991849814.UG.FTS.B,
Zero
Cpn,
2/13/25
.
402
28
991834929.UG.FTS.B,
14.98%,
2/13/25
..
293
299
991761161.UG.FTS.B,
15%,
2/13/25
.....
385
392
991837288.UG.FTS.B,
15%,
2/13/25
.....
59
60
991838768.UG.FTS.B,
15%,
2/13/25
.....
264
267
991897034.UG.FTS.B,
15%,
2/13/25
.....
36
36
991951153.UG.FTS.B,
15%,
2/13/25
.....
151
153
991900934.UG.FTS.B,
15.97%,
2/13/25
..
164
167
991995168.UG.FTS.B,
15.97%,
2/13/25
..
88
89
991772971.UG.FTS.B,
16.99%,
2/13/25
..
1,065
1,071
991789526.UG.FTS.B,
16.99%,
2/13/25
..
536
548
991851687.UG.FTS.B,
16.99%,
2/13/25
..
63
64
991863444.UG.FTS.B,
16.99%,
2/13/25
..
101
102
991898765.UG.FTS.B,
16.99%,
2/13/25
..
3,547
3,627
991917280.UG.FTS.B,
16.99%,
2/13/25
..
1,182
1,208
991964092.UG.FTS.B,
16.99%,
2/13/25
..
969
985
991991790.UG.FTS.B,
16.99%,
2/13/25
..
43
43
991764232.UG.FTS.B,
17.99%,
2/13/25
..
101
104
991764725.UG.FTS.B,
17.99%,
2/13/25
..
136
139
991765109.UG.FTS.B,
17.99%,
2/13/25
..
48
49
991770734.UG.FTS.B,
17.99%,
2/13/25
..
153
156
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991790361.UG.FTS.B,
17.99%,
2/13/25
..
$
54
$
55
991762564.UG.FTS.B,
18.97%,
2/13/25
..
272
278
991860430.UG.FTS.B,
18.97%,
2/13/25
..
40
40
991888359.UG.FTS.B,
19.21%,
2/13/25
..
51
51
991994001.UG.FTS.B,
19.21%,
2/13/25
..
417
424
991763007.UG.FTS.B,
19.8%,
2/13/25
...
60
60
991804993.UG.FTS.B,
19.99%,
2/13/25
..
344
361
991815843.UG.FTS.B,
19.99%,
2/13/25
..
484
494
991816388.UG.FTS.B,
19.99%,
2/13/25
..
41
42
991828017.UG.FTS.B,
19.99%,
2/13/25
..
56
56
991831745.UG.FTS.B,
19.99%,
2/13/25
..
217
225
991834564.UG.FTS.B,
19.99%,
2/13/25
..
1,495
1,550
991835719.UG.FTS.B,
20.46%,
2/13/25
..
1,969
2,015
991851215.UG.FTS.B,
20.46%,
2/13/25
..
59
60
991810702.UG.FTS.B,
20.97%,
2/13/25
..
954
217
991804184.UG.FTS.B,
21.46%,
2/13/25
..
147
146
991826312.UG.FTS.B,
21.46%,
2/13/25
..
580
584
991844908.UG.FTS.B,
21.46%,
2/13/25
..
1,706
1,747
991867322.UG.FTS.B,
21.46%,
2/13/25
..
204
208
991835728.UG.FTS.B,
21.98%,
2/13/25
..
1,063
(19)
991838484.UG.FTS.B,
21.98%,
2/13/25
..
282
283
991884233.UG.FTS.B,
21.98%,
2/13/25
..
88
90
991964103.UG.FTS.B,
21.98%,
2/13/25
..
191
44
991845521.UG.FTS.B,
22.95%,
2/13/25
..
2,765
2,831
991836654.UG.FTS.B,
23.95%,
2/13/25
..
1,231
1,260
991874122.UG.FTS.B,
25.95%,
2/13/25
..
249
17
991817461.UG.FTS.B,
27.99%,
2/13/25
..
335
348
991832074.UG.FTS.B,
27.99%,
2/13/25
..
90
94
991773511.UG.FTS.B,
28.98%,
2/13/25
..
122
126
991777156.UG.FTS.B,
28.98%,
2/13/25
..
941
979
991778042.UG.FTS.B,
28.98%,
2/13/25
..
45
–
991794293.UG.FTS.B,
28.98%,
2/13/25
..
775
799
991795226.UG.FTS.B,
28.98%,
2/13/25
..
139
141
991804663.UG.FTS.B,
28.98%,
2/13/25
..
110
115
991805844.UG.FTS.B,
28.98%,
2/13/25
..
390
399
991807185.UG.FTS.B,
28.98%,
2/13/25
..
54
56
991808321.UG.FTS.B,
28.98%,
2/13/25
..
374
392
991808486.UG.FTS.B,
28.98%,
2/13/25
..
169
173
991808933.UG.FTS.B,
28.98%,
2/13/25
..
138
145
991809700.UG.FTS.B,
28.98%,
2/13/25
..
463
481
991811977.UG.FTS.B,
28.98%,
2/13/25
..
115
15
991814474.UG.FTS.B,
28.98%,
2/13/25
..
22
22
991816221.UG.FTS.B,
28.98%,
2/13/25
..
140
147
991817001.UG.FTS.B,
28.98%,
2/13/25
..
435
121
991817771.UG.FTS.B,
28.98%,
2/13/25
..
87
91
991822597.UG.FTS.B,
28.98%,
2/13/25
..
172
180
991828499.UG.FTS.B,
28.98%,
2/13/25
..
52
54
991832349.UG.FTS.B,
28.98%,
2/13/25
..
114
119
991837084.UG.FTS.B,
28.98%,
2/13/25
..
12
13
991840865.UG.FTS.B,
28.98%,
2/13/25
..
178
186
991844003.UG.FTS.B,
28.98%,
2/13/25
..
291
305
991844836.UG.FTS.B,
28.98%,
2/13/25
..
127
133
991845546.UG.FTS.B,
28.98%,
2/13/25
..
318
334
991849019.UG.FTS.B,
28.98%,
2/13/25
..
227
231
991849383.UG.FTS.B,
28.98%,
2/13/25
..
710
744
991853522.UG.FTS.B,
28.98%,
2/13/25
..
1,589
1,654
991854829.UG.FTS.B,
28.98%,
2/13/25
..
1,273
1,335
991830446.UG.FTS.B,
29.45%,
2/13/25
..
325
23
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
101
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991762706.UG.FTS.B,
29.49%,
2/13/25
..
$
82
$
87
991794448.UG.FTS.B,
29.49%,
2/13/25
..
89
94
991802525.UG.FTS.B,
29.49%,
2/13/25
..
844
888
991803467.UG.FTS.B,
29.49%,
2/13/25
..
413
429
991805134.UG.FTS.B,
29.49%,
2/13/25
..
595
79
991810935.UG.FTS.B,
29.49%,
2/13/25
..
174
183
991812601.UG.FTS.B,
29.49%,
2/13/25
..
332
348
991813160.UG.FTS.B,
29.49%,
2/13/25
..
95
100
991814587.UG.FTS.B,
29.49%,
2/13/25
..
199
203
991816392.UG.FTS.B,
29.49%,
2/13/25
..
80
84
991820548.UG.FTS.B,
29.49%,
2/13/25
..
1,158
1,182
991820840.UG.FTS.B,
29.49%,
2/13/25
..
169
178
991821533.UG.FTS.B,
29.49%,
2/13/25
..
24
25
991822593.UG.FTS.B,
29.49%,
2/13/25
..
148
22
991824463.UG.FTS.B,
29.49%,
2/13/25
..
107
7
991825720.UG.FTS.B,
29.49%,
2/13/25
..
1,428
1,501
991848153.UG.FTS.B,
29.49%,
2/13/25
..
34
35
991856005.UG.FTS.B,
29.49%,
2/13/25
..
24
25
991857159.UG.FTS.B,
29.49%,
2/13/25
..
500
525
991857606.UG.FTS.B,
29.49%,
2/13/25
..
132
139
991810685.UG.FTS.B,
Zero
Cpn,
2/14/25
.
160
11
991838877.UG.FTS.B,
Zero
Cpn,
2/14/25
.
464
32
991840916.UG.FTS.B,
Zero
Cpn,
2/14/25
.
106
7
991842597.UG.FTS.B,
Zero
Cpn,
2/14/25
.
346
24
991844428.UG.FTS.B,
Zero
Cpn,
2/14/25
.
389
27
991846435.UG.FTS.B,
Zero
Cpn,
2/14/25
.
680
47
991865402.UG.FTS.B,
Zero
Cpn,
2/14/25
.
293
21
991773058.UG.FTS.B,
15.97%,
2/14/25
..
176
180
991856650.UG.FTS.B,
15.97%,
2/14/25
..
373
28
991963236.UG.FTS.B,
15.97%,
2/14/25
..
147
151
991770123.UG.FTS.B,
16.99%,
2/14/25
..
753
765
991784739.UG.FTS.B,
16.99%,
2/14/25
..
1,514
1,548
991939974.UG.FTS.B,
16.99%,
2/14/25
..
372
380
991962430.UG.FTS.B,
16.99%,
2/14/25
..
175
178
991767560.UG.FTS.B,
17.99%,
2/14/25
..
209
209
991772757.UG.FTS.B,
17.99%,
2/14/25
..
4,672
4,748
991775466.UG.FTS.B,
17.99%,
2/14/25
..
267
267
991813547.UG.FTS.B,
17.99%,
2/14/25
..
42
42
991813569.UG.FTS.B,
17.99%,
2/14/25
..
420
429
991830188.UG.FTS.B,
18.97%,
2/14/25
..
726
742
991836509.UG.FTS.B,
19.21%,
2/14/25
..
480
492
991871531.UG.FTS.B,
19.8%,
2/14/25
...
180
184
991873354.UG.FTS.B,
19.8%,
2/14/25
...
50
50
991804998.UG.FTS.B,
19.99%,
2/14/25
..
57
59
991805685.UG.FTS.B,
19.99%,
2/14/25
..
153
160
991820154.UG.FTS.B,
19.99%,
2/14/25
..
53
55
991842185.UG.FTS.B,
19.99%,
2/14/25
..
148
151
991825048.UG.FTS.B,
20.97%,
2/14/25
..
155
157
991854398.UG.FTS.B,
20.97%,
2/14/25
..
294
301
991900726.UG.FTS.B,
20.97%,
2/14/25
..
256
262
991889627.UG.FTS.B,
21.46%,
2/14/25
..
151
35
991897328.UG.FTS.B,
21.46%,
2/14/25
..
37
38
991910744.UG.FTS.B,
21.46%,
2/14/25
..
67
68
991870073.UG.FTS.B,
21.98%,
2/14/25
..
40
40
991833971.UG.FTS.B,
23.95%,
2/14/25
..
1,110
(6)
991806406.UG.FTS.B,
25.94%,
2/14/25
..
126
127
991842393.UG.FTS.B,
25.95%,
2/14/25
..
43
43
991764741.UG.FTS.B,
28.98%,
2/14/25
..
2,638
338
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991802904.UG.FTS.B,
28.98%,
2/14/25
..
$
240
$
31
991807226.UG.FTS.B,
28.98%,
2/14/25
..
134
17
991807412.UG.FTS.B,
28.98%,
2/14/25
..
557
577
991814585.UG.FTS.B,
28.98%,
2/14/25
..
649
676
991815145.UG.FTS.B,
28.98%,
2/14/25
..
104
108
991818104.UG.FTS.B,
28.98%,
2/14/25
..
187
190
991820882.UG.FTS.B,
28.98%,
2/14/25
..
495
509
991823151.UG.FTS.B,
28.98%,
2/14/25
..
228
238
991823684.UG.FTS.B,
28.98%,
2/14/25
..
60
60
991824915.UG.FTS.B,
28.98%,
2/14/25
..
87
91
991830152.UG.FTS.B,
28.98%,
2/14/25
..
204
212
991835570.UG.FTS.B,
28.98%,
2/14/25
..
127
134
991835935.UG.FTS.B,
28.98%,
2/14/25
..
286
300
991837382.UG.FTS.B,
28.98%,
2/14/25
..
308
23
991838203.UG.FTS.B,
28.98%,
2/14/25
..
89
22
991841375.UG.FTS.B,
28.98%,
2/14/25
..
396
(22)
991841496.UG.FTS.B,
28.98%,
2/14/25
..
104
108
991847760.UG.FTS.B,
28.98%,
2/14/25
..
70
73
991764780.UG.FTS.B,
29.49%,
2/14/25
..
73
76
991777555.UG.FTS.B,
29.49%,
2/14/25
..
119
123
991787306.UG.FTS.B,
29.49%,
2/14/25
..
78
81
991792923.UG.FTS.B,
29.49%,
2/14/25
..
90
95
991802829.UG.FTS.B,
29.49%,
2/14/25
..
17
2
991803107.UG.FTS.B,
29.49%,
2/14/25
..
130
138
991805019.UG.FTS.B,
29.49%,
2/14/25
..
74
78
991806920.UG.FTS.B,
29.49%,
2/14/25
..
56
58
991807783.UG.FTS.B,
29.49%,
2/14/25
..
30
30
991808473.UG.FTS.B,
29.49%,
2/14/25
..
1,123
1,177
991809713.UG.FTS.B,
29.49%,
2/14/25
..
92
98
991811157.UG.FTS.B,
29.49%,
2/14/25
..
160
169
991811373.UG.FTS.B,
29.49%,
2/14/25
..
448
472
991812058.UG.FTS.B,
29.49%,
2/14/25
..
132
137
991812461.UG.FTS.B,
29.49%,
2/14/25
..
1,515
1,563
991815619.UG.FTS.B,
29.49%,
2/14/25
..
27
28
991817021.UG.FTS.B,
29.49%,
2/14/25
..
77
81
991818882.UG.FTS.B,
29.49%,
2/14/25
..
211
215
991818945.UG.FTS.B,
29.49%,
2/14/25
..
198
201
991819000.UG.FTS.B,
29.49%,
2/14/25
..
99
102
991820047.UG.FTS.B,
29.49%,
2/14/25
..
640
674
991821673.UG.FTS.B,
29.49%,
2/14/25
..
20
21
991822073.UG.FTS.B,
29.49%,
2/14/25
..
264
278
991822173.UG.FTS.B,
29.49%,
2/14/25
..
149
158
991823710.UG.FTS.B,
29.49%,
2/14/25
..
256
270
991825101.UG.FTS.B,
29.49%,
2/14/25
..
606
637
991825782.UG.FTS.B,
29.49%,
2/14/25
..
71
10
991826429.UG.FTS.B,
29.49%,
2/14/25
..
21
21
991826813.UG.FTS.B,
29.49%,
2/14/25
..
83
82
991831048.UG.FTS.B,
29.49%,
2/14/25
..
945
984
991832048.UG.FTS.B,
29.49%,
2/14/25
..
89
93
991832343.UG.FTS.B,
29.49%,
2/14/25
..
156
162
991834001.UG.FTS.B,
29.49%,
2/14/25
..
192
201
991835429.UG.FTS.B,
29.49%,
2/14/25
..
640
675
991836066.UG.FTS.B,
29.49%,
2/14/25
..
2,901
3,063
991842038.UG.FTS.B,
29.49%,
2/14/25
..
112
118
991843173.UG.FTS.B,
29.49%,
2/14/25
..
83
85
991843756.UG.FTS.B,
29.49%,
2/14/25
..
1,661
1,662
991844460.UG.FTS.B,
29.49%,
2/14/25
..
24
24
991844683.UG.FTS.B,
29.49%,
2/14/25
..
10
10
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
102
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991845578.UG.FTS.B,
29.49%,
2/14/25
..
$
214
$
29
991847323.UG.FTS.B,
29.49%,
2/14/25
..
93
97
991849155.UG.FTS.B,
29.49%,
2/14/25
..
208
219
991850312.UG.FTS.B,
29.49%,
2/14/25
..
24
25
991852753.UG.FTS.B,
29.49%,
2/14/25
..
118
125
991855825.UG.FTS.B,
29.49%,
2/14/25
..
1,021
1,082
991830158.UG.FTS.B,
Zero
Cpn,
2/15/25
.
79
5
992001641.UG.FTS.B,
Zero
Cpn,
2/15/25
.
216
15
991789128.UG.FTS.B,
15%,
2/15/25
.....
866
880
991808536.UG.FTS.B,
15.97%,
2/15/25
..
6
6
991851600.UG.FTS.B,
15.97%,
2/15/25
..
243
249
991781788.UG.FTS.B,
15.99%,
2/15/25
..
392
401
991818245.UG.FTS.B,
15.99%,
2/15/25
..
304
310
991774883.UG.FTS.B,
16.99%,
2/15/25
..
760
536
991885852.UG.FTS.B,
16.99%,
2/15/25
..
94
96
991967241.UG.FTS.B,
16.99%,
2/15/25
..
135
138
991784876.UG.FTS.B,
17.99%,
2/15/25
..
658
673
991808185.UG.FTS.B,
17.99%,
2/15/25
..
806
152
991897877.UG.FTS.B,
17.99%,
2/15/25
..
846
857
991838452.UG.FTS.B,
18.97%,
2/15/25
..
689
700
991853538.UG.FTS.B,
18.97%,
2/15/25
..
743
759
991842168.UG.FTS.B,
19.21%,
2/15/25
..
369
375
991860520.UG.FTS.B,
19.21%,
2/15/25
..
892
913
991885352.UG.FTS.B,
19.8%,
2/15/25
...
70
71
991776382.UG.FTS.B,
19.99%,
2/15/25
..
26
26
991777402.UG.FTS.B,
19.99%,
2/15/25
..
55
57
991784969.UG.FTS.B,
19.99%,
2/15/25
..
1,033
1,056
991802931.UG.FTS.B,
19.99%,
2/15/25
..
94
99
991811839.UG.FTS.B,
19.99%,
2/15/25
..
30
31
991829098.UG.FTS.B,
19.99%,
2/15/25
..
432
453
991839957.UG.FTS.B,
21.46%,
2/15/25
..
52
52
991841309.UG.FTS.B,
21.97%,
2/15/25
..
289
290
991826445.UG.FTS.B,
21.98%,
2/15/25
..
141
143
991835552.UG.FTS.B,
21.98%,
2/15/25
..
306
314
991840733.UG.FTS.B,
22.95%,
2/15/25
..
29
29
991946872.UG.FTS.B,
23.95%,
2/15/25
..
233
229
991807279.UG.FTS.B,
27.99%,
2/15/25
..
112
118
991779814.UG.FTS.B,
28.98%,
2/15/25
..
614
645
991804378.UG.FTS.B,
28.98%,
2/15/25
..
10
9
991806632.UG.FTS.B,
28.98%,
2/15/25
..
188
198
991808277.UG.FTS.B,
28.98%,
2/15/25
..
241
253
991808466.UG.FTS.B,
28.98%,
2/15/25
..
147
154
991808666.UG.FTS.B,
28.98%,
2/15/25
..
130
131
991811774.UG.FTS.B,
28.98%,
2/15/25
..
144
151
991817978.UG.FTS.B,
28.98%,
2/15/25
..
639
666
991818026.UG.FTS.B,
28.98%,
2/15/25
..
122
127
991822271.UG.FTS.B,
28.98%,
2/15/25
..
205
207
991822996.UG.FTS.B,
28.98%,
2/15/25
..
23
23
991823702.UG.FTS.B,
28.98%,
2/15/25
..
316
329
991825566.UG.FTS.B,
28.98%,
2/15/25
..
84
88
991840458.UG.FTS.B,
28.98%,
2/15/25
..
32
32
991843119.UG.FTS.B,
28.98%,
2/15/25
..
173
181
991843450.UG.FTS.B,
28.98%,
2/15/25
..
210
(15)
991844759.UG.FTS.B,
28.98%,
2/15/25
..
223
234
991852017.UG.FTS.B,
28.98%,
2/15/25
..
165
173
991852088.UG.FTS.B,
28.98%,
2/15/25
..
29
30
991853669.UG.FTS.B,
28.98%,
2/15/25
..
64
64
991855575.UG.FTS.B,
28.98%,
2/15/25
..
139
141
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991778437.UG.FTS.B,
29.49%,
2/15/25
..
$
206
$
218
991794398.UG.FTS.B,
29.49%,
2/15/25
..
197
203
991803200.UG.FTS.B,
29.49%,
2/15/25
..
346
363
991803612.UG.FTS.B,
29.49%,
2/15/25
..
76
80
991803753.UG.FTS.B,
29.49%,
2/15/25
..
87
90
991804151.UG.FTS.B,
29.49%,
2/15/25
..
73
77
991806032.UG.FTS.B,
29.49%,
2/15/25
..
106
8
991806704.UG.FTS.B,
29.49%,
2/15/25
..
564
560
991807392.UG.FTS.B,
29.49%,
2/15/25
..
34
13
991808149.UG.FTS.B,
29.49%,
2/15/25
..
88
93
991808383.UG.FTS.B,
29.49%,
2/15/25
..
81
82
991808493.UG.FTS.B,
29.49%,
2/15/25
..
113
119
991811260.UG.FTS.B,
29.49%,
2/15/25
..
329
347
991811888.UG.FTS.B,
29.49%,
2/15/25
..
39
40
991814443.UG.FTS.B,
29.49%,
2/15/25
..
218
230
991816017.UG.FTS.B,
29.49%,
2/15/25
..
84
85
991818267.UG.FTS.B,
29.49%,
2/15/25
..
70
19
991819412.UG.FTS.B,
29.49%,
2/15/25
..
148
155
991820526.UG.FTS.B,
29.49%,
2/15/25
..
268
281
991824951.UG.FTS.B,
29.49%,
2/15/25
..
126
132
991825651.UG.FTS.B,
29.49%,
2/15/25
..
572
591
991825953.UG.FTS.B,
29.49%,
2/15/25
..
1,873
1,953
991826550.UG.FTS.B,
29.49%,
2/15/25
..
76
78
991830568.UG.FTS.B,
29.49%,
2/15/25
..
214
226
991832219.UG.FTS.B,
29.49%,
2/15/25
..
69
72
991833396.UG.FTS.B,
29.49%,
2/15/25
..
372
395
991834132.UG.FTS.B,
29.49%,
2/15/25
..
128
134
991834349.UG.FTS.B,
29.49%,
2/15/25
..
95
100
991835600.UG.FTS.B,
29.49%,
2/15/25
..
49
50
991839738.UG.FTS.B,
29.49%,
2/15/25
..
8
8
991840852.UG.FTS.B,
29.49%,
2/15/25
..
17
17
991842134.UG.FTS.B,
29.49%,
2/15/25
..
233
241
991842634.UG.FTS.B,
29.49%,
2/15/25
..
43
44
991842993.UG.FTS.B,
29.49%,
2/15/25
..
125
132
991843227.UG.FTS.B,
29.49%,
2/15/25
..
176
185
991846709.UG.FTS.B,
29.49%,
2/15/25
..
134
140
991848073.UG.FTS.B,
29.49%,
2/15/25
..
295
71
991849202.UG.FTS.B,
29.49%,
2/15/25
..
307
326
991851480.UG.FTS.B,
29.49%,
2/15/25
..
535
537
991853701.UG.FTS.B,
29.49%,
2/15/25
..
2,073
143
991854942.UG.FTS.B,
29.49%,
2/15/25
..
543
(23)
991855015.UG.FTS.B,
29.49%,
2/15/25
..
115
120
991857058.UG.FTS.B,
29.49%,
2/15/25
..
1,087
271
991795872.UG.FTS.B,
14.97%,
2/16/25
..
199
203
991808441.UG.FTS.B,
14.97%,
2/16/25
..
97
99
991823722.UG.FTS.B,
14.97%,
2/16/25
..
509
521
991797926.UG.FTS.B,
14.98%,
2/16/25
..
166
169
991826430.UG.FTS.B,
14.98%,
2/16/25
..
64
8
991982440.UG.FTS.B,
14.98%,
2/16/25
..
42
43
991801116.UG.FTS.B,
15%,
2/16/25
.....
2,055
2,104
991844330.UG.FTS.B,
15%,
2/16/25
.....
165
14
991824562.UG.FTS.B,
15.97%,
2/16/25
..
38
38
991787407.UG.FTS.B,
16.99%,
2/16/25
..
340
346
991854632.UG.FTS.B,
16.99%,
2/16/25
..
297
304
991856762.UG.FTS.B,
16.99%,
2/16/25
..
95
7
991902815.UG.FTS.B,
16.99%,
2/16/25
..
122
124
991929151.UG.FTS.B,
16.99%,
2/16/25
..
19
19
991937144.UG.FTS.B,
16.99%,
2/16/25
..
1,655
1,694
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
103
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991941145.UG.FTS.B,
16.99%,
2/16/25
..
$
218
$
222
991959965.UG.FTS.B,
16.99%,
2/16/25
..
–
–
991964791.UG.FTS.B,
16.99%,
2/16/25
..
1,180
1,208
991847924.UG.FTS.B,
17.97%,
2/16/25
..
128
130
991851044.UG.FTS.B,
17.97%,
2/16/25
..
189
189
991868894.UG.FTS.B,
17.99%,
2/16/25
..
618
633
991921494.UG.FTS.B,
17.99%,
2/16/25
..
3,427
3,497
991856214.UG.FTS.B,
29.49%,
2/16/25
..
137
144
991956251.UG.FTS.B,
29.49%,
2/16/25
..
25
25
991854974.UG.FTS.B,
19.99%,
2/17/25
..
151
159
991793801.UG.FTS.B,
28.98%,
2/17/25
..
65
67
991804304.UG.FTS.B,
28.98%,
2/17/25
..
180
190
991806681.UG.FTS.B,
28.98%,
2/17/25
..
588
617
991822283.UG.FTS.B,
28.98%,
2/17/25
..
1,609
111
991843418.UG.FTS.B,
28.98%,
2/17/25
..
166
174
991878584.UG.FTS.B,
28.98%,
2/17/25
..
247
259
991937848.UG.FTS.B,
28.98%,
2/17/25
..
1,266
(18)
991976569.UG.FTS.B,
28.98%,
2/17/25
..
1,025
(39)
991985560.UG.FTS.B,
28.98%,
2/17/25
..
316
332
991995440.UG.FTS.B,
28.98%,
2/17/25
..
235
243
991806949.UG.FTS.B,
29.49%,
2/17/25
..
87
91
991807261.UG.FTS.B,
29.49%,
2/17/25
..
5
5
991830438.UG.FTS.B,
29.49%,
2/17/25
..
166
175
991831432.UG.FTS.B,
29.49%,
2/17/25
..
99
104
991854422.UG.FTS.B,
29.49%,
2/17/25
..
744
780
991867715.UG.FTS.B,
29.49%,
2/17/25
..
190
192
991924634.UG.FTS.B,
29.49%,
2/17/25
..
18
18
992003670.UG.FTS.B,
29.49%,
2/17/25
..
305
324
992008864.UG.FTS.B,
29.49%,
2/17/25
..
137
143
991799677.UG.FTS.B,
19.99%,
4/12/25
..
656
147
991806983.UG.FTS.B,
19.8%,
4/13/25
...
111
79
991816211.UG.FTS.B,
19.99%,
5/12/25
..
114
84
991849835.UG.FTS.B,
16.99%,
5/15/25
..
401
280
991814314.UG.FTS.B,
29.49%,
6/13/25
..
848
618
991807486.UG.FTS.B,
28.98%,
6/14/25
..
174
123
991821694.UG.FTS.B,
29.49%,
6/14/25
..
232
239
991830107.UG.FTS.B,
Zero
Cpn,
6/15/25
.
3,571
254
991816717.UG.FTS.B,
29.49%,
6/15/25
..
245
177
991829765.UG.FTS.B,
29.49%,
6/17/25
..
186
138
991809320.UG.FTS.B,
19.99%,
7/14/25
..
111
116
991844308.UG.FTS.B,
27.99%,
8/15/25
..
1,138
77
991763663.UG.FTS.B,
16.99%,
9/13/25
..
327
66
991827100.UG.FTS.B,
23.95%,
9/14/25
..
229
49
991872326.UG.FTS.B,
17.99%,
10/16/25
.
3,739
3,817
991835626.UG.FTS.B,
28.98%,
12/15/25
.
241
169
991811876.UG.FTS.B,
28.98%,
5/12/26
..
272
176
991850891.UG.FTS.B,
29.49%,
8/13/26
..
442
(57)
991830633.UG.FTS.B,
Zero
Cpn,
10/12/27
–
–
991803773.UG.FTS.B,
28.98%,
12/11/27
.
–
–
991852711.UG.FTS.B,
29.49%,
3/14/28
..
–
–
991853519.UG.FTS.B,
Zero
Cpn,
4/12/28
.
20
1
991838152.UG.FTS.B,
19.99%,
6/12/28
..
6
–
991806621.UG.FTS.B,
Zero
Cpn,
6/13/28
.
18
1
991838702.UG.FTS.B,
29.49%,
7/15/28
..
3
1
991883284.UG.FTS.B,
20.97%,
8/12/28
..
2
2
991782001.UG.FTS.B,
28.98%,
8/12/28
..
1
1
991821292.UG.FTS.B,
29.49%,
8/12/28
..
5
5
991762577.UG.FTS.B,
29.48%,
8/13/28
..
2
2
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991806325.UG.FTS.B,
29.49%,
8/13/28
..
$
5
$
5
991827070.UG.FTS.B,
29.49%,
8/13/28
..
4
4
991851569.UG.FTS.B,
29.49%,
8/13/28
..
50
(2)
991794402.UG.FTS.B,
29.49%,
8/14/28
..
5
5
991837815.UG.FTS.B,
29.49%,
8/14/28
..
2
2
991841512.UG.FTS.B,
16.49%,
8/15/28
..
4
4
991816146.UG.FTS.B,
28.98%,
8/15/28
..
2
2
991816760.UG.FTS.B,
29.49%,
8/15/28
..
–
–
991826189.UG.FTS.B,
29.49%,
8/15/28
..
4
4
991827738.UG.FTS.B,
29.49%,
8/17/28
..
4
4
167,058
Upstart
Network,
Inc.
L1714497.UP.FTS.B,
5.26%,
9/15/24
....
4,359
4,123
L1716943.UP.FTS.B,
9.3%,
9/15/24
.....
4,199
4,184
L1715024.UP.FTS.B,
9.8%,
9/15/24
.....
1,267
1,262
L1717347.UP.FTS.B,
10.59%,
9/15/24
....
2,113
2,105
L1716025.UP.FTS.B,
10.69%,
9/15/24
....
2,135
2,130
L1715704.UP.FTS.B,
11.53%,
9/15/24
....
6,450
6,435
L1717926.UP.FTS.B,
11.94%,
9/15/24
....
2,129
2,124
L1716380.UP.FTS.B,
13.61%,
9/15/24
....
875
873
L1717607.UP.FTS.B,
13.74%,
9/15/24
....
4,378
4,369
L1716238.UP.FTS.B,
14.13%,
9/15/24
....
1,981
1,986
L1714869.UP.FTS.B,
15.65%,
9/15/24
....
5,571
5,585
L1715589.UP.FTS.B,
16.64%,
9/15/24
....
6,722
6,759
L1716811.UP.FTS.B,
16.92%,
9/15/24
....
741
710
L1716828.UP.FTS.B,
17.26%,
9/15/24
....
1,351
1,358
L1716921.UP.FTS.B,
23.03%,
9/15/24
....
2,364
2,360
L1716020.UP.FTS.B,
23.35%,
9/15/24
....
850
855
L1715151.UP.FTS.B,
23.45%,
9/15/24
....
934
935
L1712382.UP.FTS.B,
23.73%,
9/15/24
....
5,203
5,180
L1715219.UP.FTS.B,
24.66%,
9/15/24
....
5,984
427
L1717684.UP.FTS.B,
25.05%,
9/15/24
....
1,119
1,120
FW1717945.UP.FTS.B,
25.32%,
9/15/24
..
2,320
2,308
FW1717862.UP.FTS.B,
25.93%,
9/15/24
..
954
955
FW1714926.UP.FTS.B,
28.33%,
9/15/24
..
2,780
825
FW1717064.UP.FTS.B,
29.03%,
9/15/24
..
1,650
1,577
FW1715798.UP.FTS.B,
29.92%,
9/15/24
..
693
694
L1885954.UP.FTS.B,
10.47%,
10/20/24
...
2,426
2,303
L1886505.UP.FTS.B,
13.79%,
10/20/24
...
467
469
L1886677.UP.FTS.B,
13.95%,
10/20/24
...
1,143
1,138
L1888623.UP.FTS.B,
13.96%,
10/20/24
...
1,403
1,400
L1887864.UP.FTS.B,
14.09%,
10/20/24
...
936
934
L1887716.UP.FTS.B,
16.64%,
10/20/24
...
1,910
1,915
L1885599.UP.FTS.B,
18.65%,
10/20/24
...
541
151
L1885749.UP.FTS.B,
20.4%,
10/20/24
....
2,292
165
L1884376.UP.FTS.B,
20.79%,
10/20/24
...
9,405
8,982
L1889126.UP.FTS.B,
20.94%,
10/20/24
...
5,135
5,145
FW1885604.UP.FTS.B,
21.27%,
10/20/24
.
15,824
15,147
L1885440.UP.FTS.B,
22.25%,
10/20/24
...
375
374
L1889255.UP.FTS.B,
22.61%,
10/20/24
...
2,214
2,212
FW1885395.UP.FTS.B,
26.24%,
10/20/24
.
1,536
1,539
FW1880410.UP.FTS.B,
27.93%,
10/20/24
.
2,072
2,077
FW1886414.UP.FTS.B,
28.39%,
10/20/24
.
1,104
1,055
FW1889076.UP.FTS.B,
30.32%,
10/20/24
.
1,860
1,859
L2037773.UP.FTS.B,
5.25%,
11/15/24
....
3,642
3,607
L2046679.UP.FTS.B,
6.86%,
11/15/24
....
4,700
4,654
L2039391.UP.FTS.B,
7.16%,
11/15/24
....
564
559
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
104
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2047798.UP.FTS.B,
7.62%,
11/15/24
....
$
2,362
$
2,351
L2049330.UP.FTS.B,
8.87%,
11/15/24
....
4,733
4,710
L2047834.UP.FTS.B,
9.02%,
11/15/24
....
1,522
1,515
L2047596.UP.FTS.B,
10.13%,
11/15/24
...
5,587
5,560
L2048001.UP.FTS.B,
10.35%,
11/15/24
...
2,412
2,401
L2047620.UP.FTS.B,
10.51%,
11/15/24
...
1,454
1,445
L2048059.UP.FTS.B,
10.92%,
11/15/24
...
1,162
1,150
L2047919.UP.FTS.B,
10.97%,
11/15/24
...
8,719
8,268
L2047014.UP.FTS.B,
11.93%,
11/15/24
...
4,750
4,729
L2046828.UP.FTS.B,
12.17%,
11/15/24
...
2,445
2,434
L2049398.UP.FTS.B,
12.72%,
11/15/24
...
860
854
L2048381.UP.FTS.B,
12.98%,
11/15/24
...
1,770
1,761
L2047190.UP.FTS.B,
13.12%,
11/15/24
...
1,970
1,963
L2048784.UP.FTS.B,
13.49%,
11/15/24
...
1,482
1,476
L2047467.UP.FTS.B,
14.6%,
11/15/24
....
4,288
4,094
L2047716.UP.FTS.B,
15.83%,
11/15/24
...
4,368
4,378
L2049293.UP.FTS.B,
16.54%,
11/15/24
...
2,526
2,533
FW2047086.UP.FTS.B,
16.6%,
11/15/24
..
2,021
2,026
L2047759.UP.FTS.B,
17.02%,
11/15/24
...
557
559
L2032354.UP.FTS.B,
18.46%,
11/15/24
...
866
868
L2049049.UP.FTS.B,
18.57%,
11/15/24
...
3,586
3,597
L2047756.UP.FTS.B,
18.93%,
11/15/24
...
3,082
3,090
FW2047783.UP.FTS.B,
19.18%,
11/15/24
.
323
321
L2048756.UP.FTS.B,
19.75%,
11/15/24
...
3,100
3,108
L2048019.UP.FTS.B,
19.76%,
11/15/24
...
878
881
FW2047227.UP.FTS.B,
19.97%,
11/15/24
.
724
726
FW2047688.UP.FTS.B,
20.13%,
11/15/24
.
3,149
3,134
L2048741.UP.FTS.B,
20.49%,
11/15/24
...
1,818
1,823
L2047733.UP.FTS.B,
21.64%,
11/15/24
...
2,071
605
L2046773.UP.FTS.B,
21.75%,
11/15/24
...
836
834
L2048157.UP.FTS.B,
21.93%,
11/15/24
...
2,133
155
L2048597.UP.FTS.B,
22.48%,
11/15/24
...
2,632
2,627
L2047942.UP.FTS.B,
23.17%,
11/15/24
...
1,834
1,824
L2096245.UP.FTS.B,
7.08%,
11/22/24
....
2,649
2,624
L2094775.UP.FTS.B,
7.57%,
11/22/24
....
2,361
2,352
L2095323.UP.FTS.B,
10.22%,
11/22/24
...
723
720
L2096413.UP.FTS.B,
11.37%,
11/22/24
...
9,724
9,687
L2094380.UP.FTS.B,
14.25%,
11/22/24
...
2,232
2,237
L2096824.UP.FTS.B,
14.34%,
11/22/24
...
3,976
3,996
L2095963.UP.FTS.B,
14.96%,
11/22/24
...
996
993
FW2095095.UP.FTS.B,
15.88%,
11/22/24
.
1,089
1,090
FW2095845.UP.FTS.B,
15.91%,
11/22/24
.
2,765
2,779
L2095754.UP.FTS.B,
16.91%,
11/22/24
...
2,510
2,522
FW2096312.UP.FTS.B,
17.78%,
11/22/24
.
2,142
2,152
L2094961.UP.FTS.B,
18.66%,
11/22/24
...
513
515
FW2091484.UP.FTS.B,
19.01%,
11/22/24
.
2,739
2,620
FW2094863.UP.FTS.B,
19.11%,
11/22/24
.
514
517
FW2094110.UP.FTS.B,
19.91%,
11/22/24
.
546
523
L2095891.UP.FTS.B,
20.05%,
11/22/24
...
1,804
1,813
FW2095652.UP.FTS.B,
28.05%,
11/22/24
.
5,794
5,527
FW2096872.UP.FTS.B,
28.81%,
11/22/24
.
3,280
3,249
FW2094168.UP.FTS.B,
28.88%,
11/22/24
.
1,424
1,424
L2047831.UP.FTS.B,
20.33%,
11/23/24
...
3,573
3,419
L2292994.UP.FTS.B,
5.09%,
12/21/24
....
1,473
1,460
L2294913.UP.FTS.B,
5.24%,
12/21/24
....
1,082
1,072
FW2294665.UP.FTS.B,
5.75%,
12/21/24
..
987
978
L2295367.UP.FTS.B,
5.78%,
12/21/24
....
1,086
1,077
FW2293946.UP.FTS.B,
6.19%,
12/21/24
..
3,918
3,883
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2294211.UP.FTS.B,
6.31%,
12/21/24
..
$
4,070
$
1,095
L2295100.UP.FTS.B,
7.19%,
12/21/24
....
545
540
FW2294439.UP.FTS.B,
7.72%,
12/21/24
..
5,317
5,282
L2294814.UP.FTS.B,
7.77%,
12/21/24
....
2,245
2,234
L2293479.UP.FTS.B,
7.9%,
12/21/24
....
502
499
L2294775.UP.FTS.B,
8.85%,
12/21/24
....
1,515
1,508
L2293437.UP.FTS.B,
11.78%,
12/21/24
...
2,524
2,512
L2294851.UP.FTS.B,
13.12%,
12/21/24
...
1,045
1,039
L2294095.UP.FTS.B,
13.3%,
12/21/24
....
626
624
L2296216.UP.FTS.B,
13.69%,
12/21/24
...
1,849
1,842
L2294949.UP.FTS.B,
13.95%,
12/21/24
...
2,095
2,102
L2295222.UP.FTS.B,
15.07%,
12/21/24
...
1,848
1,854
FW2295530.UP.FTS.B,
15.84%,
12/21/24
.
3,235
3,240
L2294127.UP.FTS.B,
16.18%,
12/21/24
...
2,660
2,669
L2293039.UP.FTS.B,
16.32%,
12/21/24
...
2,710
197
L2293609.UP.FTS.B,
16.79%,
12/21/24
...
2,876
2,883
L2294084.UP.FTS.B,
17.86%,
12/21/24
...
807
810
L2294351.UP.FTS.B,
19.21%,
12/21/24
...
1,550
1,479
L2285455.UP.FTS.B,
19.28%,
12/21/24
...
1,087
1,090
L2295474.UP.FTS.B,
19.79%,
12/21/24
...
2,180
2,187
FW2296126.UP.FTS.B,
21.1%,
12/21/24
..
579
552
L2295046.UP.FTS.B,
21.11%,
12/21/24
...
2,749
2,746
L2296169.UP.FTS.B,
21.4%,
12/21/24
....
2,488
2,489
L2295180.UP.FTS.B,
22.24%,
12/21/24
...
2,493
2,490
FW2294007.UP.FTS.B,
24.91%,
12/21/24
.
633
628
FW2295790.UP.FTS.B,
25.57%,
12/21/24
.
1,306
1,246
FW2295751.UP.FTS.B,
26.57%,
12/21/24
.
2,847
2,844
FW2294187.UP.FTS.B,
27.27%,
12/21/24
.
2,792
2,781
FW2294163.UP.FTS.B,
27.62%,
12/21/24
.
613
610
FW2295991.UP.FTS.B,
29.39%,
12/21/24
.
2,594
2,597
L2296625.UP.FTS.B,
5.45%,
12/22/24
....
2,463
2,441
L2297554.UP.FTS.B,
5.64%,
12/22/24
....
2,712
2,689
L2296988.UP.FTS.B,
5.71%,
12/22/24
....
3,452
3,423
FW2297899.UP.FTS.B,
6.12%,
12/22/24
..
170
169
L2297459.UP.FTS.B,
6.46%,
12/22/24
....
2,474
2,453
FW2297489.UP.FTS.B,
6.61%,
12/22/24
..
310
307
L2299060.UP.FTS.B,
6.81%,
12/22/24
....
608
45
L2297555.UP.FTS.B,
6.86%,
12/22/24
....
1,991
1,974
FW2298048.UP.FTS.B,
7.04%,
12/22/24
..
6,980
6,915
L2297930.UP.FTS.B,
7.09%,
12/22/24
....
1,622
1,608
L2299053.UP.FTS.B,
7.5%,
12/22/24
....
3,001
2,987
L2298344.UP.FTS.B,
7.65%,
12/22/24
....
3,955
3,936
L2298178.UP.FTS.B,
7.89%,
12/22/24
....
3,009
2,996
L2298428.UP.FTS.B,
8.15%,
12/22/24
....
3,213
3,198
FW2298230.UP.FTS.B,
8.66%,
12/22/24
..
504
502
L2298269.UP.FTS.B,
8.91%,
12/22/24
....
10,044
9,999
FW2300410.UP.FTS.B,
8.97%,
12/22/24
..
1,664
1,648
FW2299098.UP.FTS.B,
9.21%,
12/22/24
..
877
122
L2294325.UP.FTS.B,
9.41%,
12/22/24
....
3,034
3,021
L2296700.UP.FTS.B,
9.69%,
12/22/24
....
1,530
1,517
L2298627.UP.FTS.B,
10.13%,
12/22/24
...
2,549
2,538
L2298051.UP.FTS.B,
10.22%,
12/22/24
...
2,540
2,529
L2298036.UP.FTS.B,
10.46%,
12/22/24
...
3,577
3,562
L2296736.UP.FTS.B,
10.73%,
12/22/24
...
1,649
1,642
L2297100.UP.FTS.B,
11.43%,
12/22/24
...
1,129
320
L2298636.UP.FTS.B,
11.78%,
12/22/24
...
1,806
1,800
FW2295900.UP.FTS.B,
12.11%,
12/22/24
.
2,068
2,062
L2289317.UP.FTS.B,
12.5%,
12/22/24
....
3,627
3,616
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
105
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2297999.UP.FTS.B,
13.52%,
12/22/24
...
$
522
$
521
L2296920.UP.FTS.B,
13.62%,
12/22/24
...
3,663
3,645
L2298784.UP.FTS.B,
14.44%,
12/22/24
...
5,256
5,277
L2298193.UP.FTS.B,
14.62%,
12/22/24
...
2,217
2,117
FW2297351.UP.FTS.B,
16.06%,
12/22/24
.
1,312
1,317
L2299210.UP.FTS.B,
16.21%,
12/22/24
...
582
580
L2297197.UP.FTS.B,
17.21%,
12/22/24
...
1,072
1,076
FW2299381.UP.FTS.B,
17.29%,
12/22/24
.
1,707
1,631
L2300066.UP.FTS.B,
17.65%,
12/22/24
...
1,075
1,076
L2297395.UP.FTS.B,
17.85%,
12/22/24
...
5,494
5,512
L2300339.UP.FTS.B,
18.46%,
12/22/24
...
540
543
L2298393.UP.FTS.B,
19.2%,
12/22/24
....
4,357
4,361
L2286362.UP.FTS.B,
19.22%,
12/22/24
...
4,161
4,167
FW2298373.UP.FTS.B,
19.34%,
12/22/24
.
1,631
1,637
FW2299910.UP.FTS.B,
19.59%,
12/22/24
.
2,697
2,707
L2296192.UP.FTS.B,
20.3%,
12/22/24
....
541
543
L2296465.UP.FTS.B,
21.24%,
12/22/24
...
2,756
2,747
FW2300328.UP.FTS.B,
21.6%,
12/22/24
..
11,012
11,057
L2297511.UP.FTS.B,
21.76%,
12/22/24
...
5,522
5,522
FW2299932.UP.FTS.B,
21.85%,
12/22/24
.
6,078
6,103
FW2300114.UP.FTS.B,
21.91%,
12/22/24
.
2,763
2,763
L2300171.UP.FTS.B,
22.14%,
12/22/24
...
1,063
1,066
L2296425.UP.FTS.B,
22.43%,
12/22/24
...
4,159
4,159
L2299865.UP.FTS.B,
22.56%,
12/22/24
...
805
803
L2296417.UP.FTS.B,
22.8%,
12/22/24
....
5,948
5,973
L2296476.UP.FTS.B,
22.83%,
12/22/24
...
3,670
3,670
L2299850.UP.FTS.B,
23.44%,
12/22/24
...
2,724
2,732
L2298515.UP.FTS.B,
23.69%,
12/22/24
...
4,572
4,547
L2299432.UP.FTS.B,
24.17%,
12/22/24
...
1,909
1,903
FW2296846.UP.FTS.B,
24.39%,
12/22/24
.
1,438
104
FW2299096.UP.FTS.B,
24.52%,
12/22/24
.
956
956
FW2296692.UP.FTS.B,
24.93%,
12/22/24
.
845
845
FW2296914.UP.FTS.B,
26.15%,
12/22/24
.
625
625
FW2296909.UP.FTS.B,
29.46%,
12/22/24
.
4,110
4,099
L2294199.UP.FTS.B,
20.47%,
1/01/25
....
1,726
1,720
L2426414.UP.FTS.B,
5.26%,
1/13/25
....
12,941
12,817
L2424056.UP.FTS.B,
5.61%,
1/13/25
....
2,083
2,064
L2423394.UP.FTS.B,
6.27%,
1/13/25
....
5,232
5,182
L2425497.UP.FTS.B,
7.24%,
1/13/25
....
10,554
10,447
L2425329.UP.FTS.B,
7.75%,
1/13/25
....
2,307
2,287
L2427993.UP.FTS.B,
7.96%,
1/13/25
....
6,861
503
L2425262.UP.FTS.B,
8.32%,
1/13/25
....
3,450
3,428
L2425211.UP.FTS.B,
8.5%,
1/13/25
......
3,916
2,231
L2424171.UP.FTS.B,
9.46%,
1/13/25
....
5,349
5,316
L2428185.UP.FTS.B,
9.7%,
1/13/25
.....
5,358
5,325
FW2428576.UP.FTS.B,
10.33%,
1/13/25
..
5,030
4,996
L2423475.UP.FTS.B,
10.43%,
1/13/25
....
1,885
1,873
L2427021.UP.FTS.B,
11.18%,
1/13/25
....
2,706
2,690
L2398504.UP.FTS.B,
11.71%,
1/13/25
....
543
540
L2428568.UP.FTS.B,
12.86%,
1/13/25
....
3,831
3,811
L2405416.UP.FTS.B,
12.97%,
1/13/25
....
1,539
1,523
L2428590.UP.FTS.B,
12.98%,
1/13/25
....
2,191
2,179
FW2419292.UP.FTS.B,
13.72%,
1/13/25
..
1,101
1,095
L2423989.UP.FTS.B,
13.92%,
1/13/25
....
1,709
1,709
L2426394.UP.FTS.B,
14.04%,
1/13/25
....
3,901
3,873
FW2423167.UP.FTS.B,
15.7%,
1/13/25
...
1,940
1,940
L2425994.UP.FTS.B,
15.97%,
1/13/25
....
559
557
L2426530.UP.FTS.B,
15.97%,
1/13/25
....
2,558
367
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2424008.UP.FTS.B,
18.11%,
1/13/25
....
$
2,831
$
2,832
FW2426314.UP.FTS.B,
18.24%,
1/13/25
..
1,651
41
L2416454.UP.FTS.B,
20%,
1/13/25
......
3,433
3,435
L2426497.UP.FTS.B,
20.53%,
1/13/25
....
3,796
3,797
L2425046.UP.FTS.B,
20.89%,
1/13/25
....
2,306
2,294
L2424244.UP.FTS.B,
21.43%,
1/13/25
....
4,030
4,009
L2423182.UP.FTS.B,
21.65%,
1/13/25
....
1,421
103
L2416312.UP.FTS.B,
22.24%,
1/13/25
....
1,842
134
FW2423092.UP.FTS.B,
22.82%,
1/13/25
..
5,480
5,482
L2425291.UP.FTS.B,
23.25%,
1/13/25
....
3,507
3,490
FW2422846.UP.FTS.B,
26.62%,
1/13/25
..
3,875
3,854
FW2423280.UP.FTS.B,
26.88%,
1/13/25
..
4,145
2,520
FW2426742.UP.FTS.B,
27.82%,
1/13/25
..
604
599
FW2423178.UP.FTS.B,
28.33%,
1/13/25
..
965
960
L2434116.UP.FTS.B,
4.81%,
1/14/25
.....
3,366
3,334
L2418575.UP.FTS.B,
5.02%,
1/14/25
....
20,722
20,524
FW2435057.UP.FTS.B,
5.13%,
1/14/25
...
1,711
1,695
L2430348.UP.FTS.B,
5.31%,
1/14/25
....
3,326
3,295
L2434822.UP.FTS.B,
5.8%,
1/14/25
.....
2,764
2,738
L2435457.UP.FTS.B,
5.9%,
1/14/25
.....
1,304
1,292
L2421481.UP.FTS.B,
5.96%,
1/14/25
....
1,305
1,293
L2428662.UP.FTS.B,
6.19%,
1/14/25
....
1,046
1,036
L2428904.UP.FTS.B,
6.39%,
1/14/25
....
2,618
2,594
L2434626.UP.FTS.B,
6.42%,
1/14/25
....
8,907
8,822
FW2432338.UP.FTS.B,
6.53%,
1/14/25
...
6,283
6,223
L2430005.UP.FTS.B,
6.62%,
1/14/25
....
1,049
1,039
L2433602.UP.FTS.B,
6.82%,
1/14/25
....
3,167
224
FW2433653.UP.FTS.B,
7.07%,
1/14/25
...
4,473
4,431
L2432222.UP.FTS.B,
7.3%,
1/14/25
.....
2,635
2,619
L2432554.UP.FTS.B,
7.39%,
1/14/25
....
8,437
8,385
L2429588.UP.FTS.B,
8.57%,
1/14/25
....
11,698
11,627
FW2428881.UP.FTS.B,
8.87%,
1/14/25
...
5,328
5,295
L2429304.UP.FTS.B,
9.92%,
1/14/25
....
5,903
5,868
L2435242.UP.FTS.B,
10.25%,
1/14/25
....
1,613
1,604
L2432996.UP.FTS.B,
11.65%,
1/14/25
....
4,344
4,321
L2432213.UP.FTS.B,
12.69%,
1/14/25
....
1,695
1,686
FW2428995.UP.FTS.B,
13.01%,
1/14/25
..
2,191
2,180
FW2434209.UP.FTS.B,
14.25%,
1/14/25
..
5,862
3,485
L2429660.UP.FTS.B,
15.34%,
1/14/25
....
556
557
L2431105.UP.FTS.B,
16.43%,
1/14/25
....
1,121
1,121
L2433771.UP.FTS.B,
16.58%,
1/14/25
....
5,561
5,562
L2432759.UP.FTS.B,
18.08%,
1/14/25
....
793
793
L2435184.UP.FTS.B,
18.26%,
1/14/25
....
5,668
5,671
FW2435471.UP.FTS.B,
19.27%,
1/14/25
..
1,141
1,141
L2431902.UP.FTS.B,
19.35%,
1/14/25
....
1,427
1,427
L2406011.UP.FTS.B,
20.17%,
1/14/25
....
3,155
3,157
L2429273.UP.FTS.B,
22.43%,
1/14/25
....
544
540
L2435303.UP.FTS.B,
22.6%,
1/14/25
....
4,658
4,637
L2435145.UP.FTS.B,
23.16%,
1/14/25
....
2,921
2,908
L2430162.UP.FTS.B,
23.44%,
1/14/25
....
2,759
2,756
FW2435279.UP.FTS.B,
23.88%,
1/14/25
..
2,267
163
FW2431859.UP.FTS.B,
24.16%,
1/14/25
..
3,261
957
FW2430909.UP.FTS.B,
27.26%,
1/14/25
..
1,847
132
L2435114.UP.FTS.B,
28.47%,
1/14/25
....
9,798
691
FW2423306.UP.FTS.B,
29.18%,
1/15/25
..
4,022
4,002
L2437836.UP.FTS.B,
5.32%,
1/18/25
....
6,310
503
L2439151.UP.FTS.B,
5.81%,
1/18/25
....
2,033
1,960
L2436421.UP.FTS.B,
5.98%,
1/18/25
....
3,635
3,600
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
106
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2437692.UP.FTS.B,
6.91%,
1/18/25
...
$
3,154
$
3,124
L2437624.UP.FTS.B,
7.39%,
1/18/25
....
1,846
1,829
L2439324.UP.FTS.B,
8.14%,
1/18/25
....
2,650
2,635
FW2439168.UP.FTS.B,
8.76%,
1/18/25
...
2,658
2,642
L2436781.UP.FTS.B,
9.67%,
1/18/25
....
5,357
5,325
L2438341.UP.FTS.B,
10.14%,
1/18/25
....
806
802
L2437491.UP.FTS.B,
10.26%,
1/18/25
....
1,001
994
L2436150.UP.FTS.B,
10.72%,
1/18/25
....
2,428
2,415
FW2437841.UP.FTS.B,
10.83%,
1/18/25
..
783
111
L2437166.UP.FTS.B,
11.13%,
1/18/25
....
1,598
1,588
L2406128.UP.FTS.B,
11.74%,
1/18/25
....
1,087
1,082
L2436162.UP.FTS.B,
11.76%,
1/18/25
....
5,432
5,405
FW2436511.UP.FTS.B,
13.11%,
1/18/25
..
2,193
2,182
FW2438258.UP.FTS.B,
13.5%,
1/18/25
...
1,643
1,635
L2436007.UP.FTS.B,
16.06%,
1/18/25
....
825
825
L2435690.UP.FTS.B,
16.27%,
1/18/25
....
23,334
967
FW2439200.UP.FTS.B,
18.01%,
1/18/25
..
1,132
1,133
L2438734.UP.FTS.B,
18.88%,
1/18/25
....
2,847
2,850
FW2436576.UP.FTS.B,
19.32%,
1/18/25
..
2,282
2,284
L2435933.UP.FTS.B,
21.5%,
1/18/25
....
1,417
1,410
L2437623.UP.FTS.B,
21.63%,
1/18/25
....
1,703
1,695
L2436538.UP.FTS.B,
21.66%,
1/18/25
....
3,756
3,741
FW2435735.UP.FTS.B,
22.33%,
1/18/25
..
5,747
5,722
L2435694.UP.FTS.B,
23.43%,
1/18/25
....
815
812
L2438018.UP.FTS.B,
23.78%,
1/18/25
....
3,748
271
L2436892.UP.FTS.B,
24.08%,
1/18/25
....
2,468
2,459
FW2439251.UP.FTS.B,
24.63%,
1/18/25
..
3,069
464
FW2437239.UP.FTS.B,
25.2%,
1/18/25
...
2,385
171
L2439081.UP.FTS.B,
9.27%,
1/27/25
....
5,358
5,327
L2608076.UP.FTS.B,
6.4%,
2/10/25
.....
2,145
2,124
L2603419.UP.FTS.B,
6.97%,
2/10/25
....
3,890
3,849
L2605161.UP.FTS.B,
8.41%,
2/10/25
....
1,117
1,109
L2602588.UP.FTS.B,
8.74%,
2/10/25
....
5,566
5,525
L2604174.UP.FTS.B,
9.25%,
2/10/25
....
3,408
3,381
L2606577.UP.FTS.B,
9.95%,
2/10/25
....
3,388
3,363
FW2602705.UP.FTS.B,
10.63%,
2/10/25
..
1,657
1,645
FW2604002.UP.FTS.B,
11.31%,
2/10/25
..
18,899
18,750
FW2607521.UP.FTS.B,
11.42%,
2/10/25
..
1,062
1,053
L2607713.UP.FTS.B,
11.85%,
2/10/25
....
2,838
2,817
FW2604412.UP.FTS.B,
12.03%,
2/10/25
..
1,143
1,135
L2603571.UP.FTS.B,
13.11%,
2/10/25
....
755
748
L2604194.UP.FTS.B,
14.5%,
2/10/25
....
2,031
2,017
L2605323.UP.FTS.B,
14.99%,
2/10/25
....
582
581
L2605799.UP.FTS.B,
15.28%,
2/10/25
....
2,916
2,908
L2605631.UP.FTS.B,
15.37%,
2/10/25
....
7,584
314
L2603338.UP.FTS.B,
15.54%,
2/10/25
....
8,732
8,688
L2607606.UP.FTS.B,
16.31%,
2/10/25
....
4,078
1,105
L2602759.UP.FTS.B,
17.08%,
2/10/25
....
7,659
7,638
L2607677.UP.FTS.B,
18.39%,
2/10/25
....
11,970
11,904
FW2606706.UP.FTS.B,
19.04%,
2/10/25
..
895
892
FW2607831.UP.FTS.B,
19.55%,
2/10/25
..
598
596
L2606380.UP.FTS.B,
21.09%,
2/10/25
....
3,019
2,995
L2604748.UP.FTS.B,
22.74%,
2/10/25
....
3,047
219
FW2602040.UP.FTS.B,
24.72%,
2/10/25
..
2,835
2,812
FW2604398.UP.FTS.B,
25.04%,
2/10/25
..
617
612
FW2602438.UP.FTS.B,
25.48%,
2/10/25
..
2,223
2,190
FW2607797.UP.FTS.B,
28.06%,
2/10/25
..
2,376
675
FW2608083.UP.FTS.B,
29.04%,
2/10/25
..
2,325
2,302
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2559948.UP.FTS.B,
6.36%,
2/11/25
.....
$
27,645
$
27,351
L2614008.UP.FTS.B,
6.72%,
2/11/25
.....
5,524
5,469
FW2610553.UP.FTS.B,
7.05%,
2/11/25
...
3,322
3,289
L2611637.UP.FTS.B,
7.21%,
2/11/25
.....
3,594
3,558
L2613730.UP.FTS.B,
7.75%,
2/11/25
.....
15,525
15,410
L2610192.UP.FTS.B,
7.76%,
2/11/25
.....
3,972
3,927
FW2615331.UP.FTS.B,
10.38%,
2/11/25
..
848
842
L2611481.UP.FTS.B,
10.47%,
2/11/25
....
6,282
6,226
FW2609609.UP.FTS.B,
11.5%,
2/11/25
...
1,709
1,697
L2613972.UP.FTS.B,
11.67%,
2/11/25
....
3,422
3,398
FW2613275.UP.FTS.B,
11.71%,
2/11/25
..
1,475
1,460
L2612036.UP.FTS.B,
13.32%,
2/11/25
....
3,111
3,090
FW2613797.UP.FTS.B,
13.33%,
2/11/25
..
1,741
1,726
L2607238.UP.FTS.B,
13.47%,
2/11/25
....
1,730
1,726
FW2611811.UP.FTS.B,
13.7%,
2/11/25
...
1,155
1,147
L2614740.UP.FTS.B,
14.28%,
2/11/25
....
6,317
6,302
L2610928.UP.FTS.B,
15.17%,
2/11/25
....
2,658
379
L2613761.UP.FTS.B,
15.3%,
2/11/25
.....
877
872
L2615117.UP.FTS.B,
17.61%,
2/11/25
....
378
374
FW2610423.UP.FTS.B,
17.65%,
2/11/25
..
2,366
2,360
L2615349.UP.FTS.B,
17.97%,
2/11/25
....
1,014
1,008
L2614223.UP.FTS.B,
18.74%,
2/11/25
....
2,679
2,673
L2612860.UP.FTS.B,
19.65%,
2/11/25
....
4,207
4,185
FW2614854.UP.FTS.B,
20.12%,
2/11/25
..
889
887
L2611111.UP.FTS.B,
20.83%,
2/11/25
....
1,577
1,563
L2610485.UP.FTS.B,
21.72%,
2/11/25
....
6,062
6,016
FW2613906.UP.FTS.B,
22.85%,
2/11/25
..
610
605
L2613386.UP.FTS.B,
22.9%,
2/11/25
.....
5,487
5,475
L2615495.UP.FTS.B,
24.65%,
2/11/25
....
5,178
5,136
FW2615176.UP.FTS.B,
25.3%,
2/11/25
...
1,289
779
FW2611527.UP.FTS.B,
26.67%,
2/11/25
..
12,450
12,355
FW2611646.UP.FTS.B,
26.71%,
2/11/25
..
2,069
2,043
FW2610708.UP.FTS.B,
31.36%,
2/11/25
..
2,045
2,029
L2608607.UP.FTS.B,
7.29%,
2/12/25
....
5,545
5,489
L2616863.UP.FTS.B,
8.18%,
2/14/25
....
1,028
1,017
L2617531.UP.FTS.B,
9.41%,
2/14/25
....
7,339
7,276
L2616546.UP.FTS.B,
9.84%,
2/14/25
....
6,764
6,716
L2618393.UP.FTS.B,
12.87%,
2/14/25
....
2,866
2,848
FW2616160.UP.FTS.B,
13.5%,
2/14/25
...
1,072
1,064
L2616391.UP.FTS.B,
13.87%,
2/14/25
....
1,445
1,436
L2617225.UP.FTS.B,
15.71%,
2/14/25
....
7,304
240
L2618286.UP.FTS.B,
16.38%,
2/14/25
....
1,762
1,758
L2617246.UP.FTS.B,
16.8%,
2/14/25
....
5,591
5,551
FW2616262.UP.FTS.B,
17.76%,
2/14/25
..
1,134
1,122
L2584870.UP.FTS.B,
18.22%,
2/14/25
....
1,183
1,181
L2616222.UP.FTS.B,
19.49%,
2/14/25
....
1,019
1,013
L2617430.UP.FTS.B,
20.47%,
2/14/25
....
9,622
9,554
L2615004.UP.FTS.B,
20.75%,
2/14/25
....
1,205
1,202
L2615804.UP.FTS.B,
23.22%,
2/14/25
....
9,162
9,143
FW2615790.UP.FTS.B,
25.6%,
2/14/25
...
1,547
1,536
FW2617005.UP.FTS.B,
25.65%,
2/14/25
..
1,238
1,229
FW2616085.UP.FTS.B,
27.69%,
2/14/25
..
2,067
2,052
FW2617024.UP.FTS.B,
28.53%,
2/14/25
..
3,144
3,121
L1716455.UP.FTS.B,
14.23%,
2/15/25
....
499
477
L1715893.UP.FTS.B,
19.55%,
2/15/25
....
1,832
1,741
FW2605911.UP.FTS.B,
17.81%,
2/25/25
..
3,146
3,133
L1888732.UP.FTS.B,
18.47%,
3/20/25
....
2,647
2,644
FW1884445.UP.FTS.B,
29.15%,
3/20/25
..
754
713
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
107
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2949337.UP.FTS.B,
6.16%,
4/14/25
....
$
2,698
$
2,668
L2950073.UP.FTS.B,
6.9%,
4/14/25
.....
6,321
6,256
L2949006.UP.FTS.B,
7.34%,
4/14/25
....
4,513
4,467
FW2950302.UP.FTS.B,
8.61%,
4/14/25
...
2,454
2,428
L2950690.UP.FTS.B,
9.45%,
4/14/25
....
3,334
3,302
L2949710.UP.FTS.B,
9.46%,
4/14/25
....
5,220
5,170
L2950058.UP.FTS.B,
9.46%,
4/14/25
....
1,351
1,339
FW2950661.UP.FTS.B,
9.55%,
4/14/25
...
2,158
2,140
L2950499.UP.FTS.B,
10.1%,
4/14/25
....
2,614
2,588
L2948915.UP.FTS.B,
10.51%,
4/14/25
....
15,505
15,379
L2949804.UP.FTS.B,
11.24%,
4/14/25
....
1,372
1,359
L2951809.UP.FTS.B,
11.3%,
4/14/25
.....
18,321
18,165
L2950816.UP.FTS.B,
11.31%,
4/14/25
....
1,061
1,052
L2949385.UP.FTS.B,
11.88%,
4/14/25
....
6,698
6,635
L2951900.UP.FTS.B,
12.02%,
4/14/25
....
4,383
4,349
L2950678.UP.FTS.B,
12.4%,
4/14/25
....
1,372
1,361
FW2950475.UP.FTS.B,
12.78%,
4/14/25
..
522
516
L2951520.UP.FTS.B,
13.5%,
4/14/25
....
2,526
2,507
L2950266.UP.FTS.B,
13.94%,
4/14/25
....
1,393
1,380
L2951348.UP.FTS.B,
13.94%,
4/14/25
....
1,371
363
FW2950043.UP.FTS.B,
14.04%,
4/14/25
..
2,428
176
L2949379.UP.FTS.B,
14.06%,
4/14/25
....
950
942
FW2951735.UP.FTS.B,
15.61%,
4/14/25
..
3,519
3,492
L2950382.UP.FTS.B,
15.7%,
4/14/25
....
637
634
L2950290.UP.FTS.B,
15.94%,
4/14/25
....
3,200
3,186
L2951331.UP.FTS.B,
16.4%,
4/14/25
....
645
641
L2951781.UP.FTS.B,
16.49%,
4/14/25
....
2,899
2,878
L2950169.UP.FTS.B,
16.64%,
4/14/25
....
12,850
12,752
L2949827.UP.FTS.B,
18.88%,
4/14/25
....
709
701
L2950254.UP.FTS.B,
18.93%,
4/14/25
....
976
968
L2942398.UP.FTS.B,
18.94%,
4/14/25
....
2,587
2,575
FW2949345.UP.FTS.B,
19.25%,
4/14/25
..
2,658
2,640
FW2951691.UP.FTS.B,
20.36%,
4/14/25
..
3,604
3,577
L2950233.UP.FTS.B,
20.55%,
4/14/25
....
1,181
1,172
FW2943510.UP.FTS.B,
20.7%,
4/14/25
...
7,583
210
L2949677.UP.FTS.B,
21.51%,
4/14/25
....
8,439
8,334
L2950045.UP.FTS.B,
22.15%,
4/14/25
....
598
594
FW2951504.UP.FTS.B,
22.69%,
4/14/25
..
1,288
194
FW2951494.UP.FTS.B,
23.09%,
4/14/25
..
2,014
1,990
L2950329.UP.FTS.B,
23.25%,
4/14/25
....
1,662
1,650
L2949880.UP.FTS.B,
23.36%,
4/14/25
....
4,754
344
L2951079.UP.FTS.B,
23.91%,
4/14/25
....
2,535
2,504
FW2949287.UP.FTS.B,
25.31%,
4/14/25
..
3,627
3,594
FW2950219.UP.FTS.B,
25.83%,
4/14/25
..
1,673
1,657
FW2951404.UP.FTS.B,
29.21%,
4/14/25
..
968
957
FW2949932.UP.FTS.B,
30.42%,
4/14/25
..
3,689
1,076
L2047934.UP.FTS.B,
23.08%,
4/15/25
....
2,548
374
FW2048331.UP.FTS.B,
23.57%,
4/15/25
..
1,803
1,784
FW2096042.UP.FTS.B,
25.59%,
4/22/25
..
2,559
738
FW2095533.UP.FTS.B,
26.09%,
4/22/25
..
3,322
44
L2294977.UP.FTS.B,
13.32%,
5/21/25
....
3,622
3,590
FW2294687.UP.FTS.B,
28.91%,
5/21/25
..
710
13
FW2298854.UP.FTS.B,
8.03%,
5/22/25
...
1,327
1,317
L2270088.UP.FTS.B,
15.26%,
5/22/25
....
3,354
3,329
L2298532.UP.FTS.B,
17.26%,
5/22/25
....
1,346
1,275
FW2298127.UP.FTS.B,
18.19%,
5/22/25
..
1,229
1,220
FW2296618.UP.FTS.B,
19.77%,
5/22/25
..
595
595
L2299568.UP.FTS.B,
21.13%,
5/22/25
....
7,466
7,405
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2298513.UP.FTS.B,
20.02%,
5/28/25
....
$
13,148
$
13,023
L2299094.UP.FTS.B,
19.48%,
6/01/25
....
738
736
L2394315.UP.FTS.B,
7.03%,
6/13/25
....
2,947
2,912
FW2428510.UP.FTS.B,
11.44%,
6/13/25
..
7,970
582
L2427527.UP.FTS.B,
22.56%,
6/13/25
....
1,080
1,062
FW2428770.UP.FTS.B,
24.12%,
6/13/25
..
3,739
3,682
FW2423658.UP.FTS.B,
27.05%,
6/13/25
..
1,199
1,186
L2435059.UP.FTS.B,
7.82%,
6/14/25
....
1,599
1,587
FW2430961.UP.FTS.B,
10.21%,
6/14/25
..
1,920
1,897
L2432621.UP.FTS.B,
21.66%,
6/14/25
....
3,104
60
L2435061.UP.FTS.B,
23.28%,
6/14/25
....
1,212
1,199
L2436629.UP.FTS.B,
13.84%,
6/18/25
....
749
742
L2438042.UP.FTS.B,
20.46%,
6/18/25
....
907
904
FW2603194.UP.FTS.B,
9.76%,
7/10/25
...
3,131
3,089
L2607508.UP.FTS.B,
19.36%,
7/10/25
....
8,497
2,321
L2605050.UP.FTS.B,
21.65%,
7/10/25
....
1,238
346
FW2607955.UP.FTS.B,
23.75%,
7/10/25
..
2,750
2,701
FW2604902.UP.FTS.B,
24.34%,
7/10/25
..
986
12
FW2618494.UP.FTS.B,
29.21%,
7/14/25
..
9,721
9,560
L1716662.UP.FTS.B,
18.68%,
7/15/25
....
220
219
FW1885149.UP.FTS.B,
25.87%,
8/20/25
..
1,473
1,403
L2950494.UP.FTS.B,
7.36%,
9/14/25
....
1,413
1,396
FW2951887.UP.FTS.B,
13.49%,
9/14/25
..
1,024
1,014
L2950178.UP.FTS.B,
20.99%,
9/14/25
....
5,311
5,239
L2048994.UP.FTS.B,
24.16%,
9/15/25
....
1,476
1,462
FW2047561.UP.FTS.B,
27.77%,
9/15/25
..
4,821
4,739
L2431355.UP.FTS.B,
6.97%,
11/14/25
....
1,271
172
FW2428997.UP.FTS.B,
8.05%,
11/14/25
..
2,090
2,071
FW2431318.UP.FTS.B,
21.26%,
11/14/25
.
8,560
619
L2437139.UP.FTS.B,
5.87%,
11/18/25
....
632
594
L2436181.UP.FTS.B,
20.04%,
11/18/25
...
3,397
3,361
L2949028.UP.FTS.B,
21.29%,
2/14/26
....
2,937
2,901
L1714660.UP.FTS.B,
8.12%,
9/15/26
....
23,513
23,305
L1717453.UP.FTS.B,
9.3%,
9/15/26
.....
34,276
33,979
FW1716114.UP.FTS.B,
10.5%,
9/15/26
...
688
682
L1712309.UP.FTS.B,
10.63%,
9/15/26
....
2,771
2,747
L1714525.UP.FTS.B,
12.1%,
9/15/26
....
35,034
34,743
L1715513.UP.FTS.B,
13.27%,
9/15/26
....
21,976
20,668
L1716286.UP.FTS.B,
13.58%,
9/15/26
....
10,624
10,537
L1715370.UP.FTS.B,
14.13%,
9/15/26
....
7,704
362
L1715015.UP.FTS.B,
15.83%,
9/15/26
....
3,601
3,572
L1718329.UP.FTS.B,
15.98%,
9/15/26
....
2,883
2,861
L1714475.UP.FTS.B,
16.18%,
9/15/26
....
5,052
5,012
FW1701600.UP.FTS.B,
18.45%,
9/15/26
..
4,484
4,234
L1714417.UP.FTS.B,
19.34%,
9/15/26
....
2,507
215
L1715411.UP.FTS.B,
19.4%,
9/15/26
.....
812
805
L1716175.UP.FTS.B,
19.72%,
9/15/26
....
7,394
7,334
L1714787.UP.FTS.B,
19.9%,
9/15/26
....
1,331
1,327
L1716305.UP.FTS.B,
19.95%,
9/15/26
....
3,656
3,624
L1715815.UP.FTS.B,
21.76%,
9/15/26
....
30,196
28,815
L1692458.UP.FTS.B,
22.21%,
9/15/26
....
3,506
3,502
L1713636.UP.FTS.B,
22.84%,
9/15/26
....
3,289
3,287
L1716174.UP.FTS.B,
24.2%,
9/15/26
....
14,134
14,132
L1717152.UP.FTS.B,
24.37%,
9/15/26
....
4,874
4,883
L1716875.UP.FTS.B,
24.44%,
9/15/26
....
2,276
2,276
L1717659.UP.FTS.B,
24.51%,
9/15/26
....
2,290
2,267
L1716148.UP.FTS.B,
25%,
9/15/26
......
917
911
L1716674.UP.FTS.B,
25.03%,
9/15/26
....
803
118
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
108
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L1714798.UP.FTS.B,
25.5%,
9/15/26
....
$
3,911
$
3,918
L1717974.UP.FTS.B,
25.5%,
9/15/26
....
2,147
2,151
L1715574.UP.FTS.B,
25.72%,
9/15/26
....
5,221
5,230
L1713640.UP.FTS.B,
26.25%,
9/15/26
....
3,241
3,240
FW1717121.UP.FTS.B,
26.43%,
9/15/26
..
1,938
1,938
L1715518.UP.FTS.B,
26.49%,
9/15/26
....
6,368
6,369
L1705442.UP.FTS.B,
26.69%,
9/15/26
....
5,409
5,419
FW1718296.UP.FTS.B,
26.73%,
9/15/26
..
5,748
5,752
FW1718853.UP.FTS.B,
27.42%,
9/15/26
..
5,732
858
FW1714570.UP.FTS.B,
27.72%,
9/15/26
..
6,161
6,169
FW1714502.UP.FTS.B,
28.45%,
9/15/26
..
6,474
6,486
FW1715883.UP.FTS.B,
28.82%,
9/15/26
..
8,536
606
FW1718304.UP.FTS.B,
30.56%,
9/15/26
..
2,209
2,214
FW1717776.UP.FTS.B,
30.58%,
9/15/26
..
1,976
1,976
FW1713484.UP.FTS.B,
30.9%,
9/15/26
...
5,710
826
FW1680820.UP.FTS.B,
31.24%,
9/15/26
..
8,712
8,728
FW1708223.UP.FTS.B,
31.43%,
9/15/26
..
3,013
3,018
FW1712750.UP.FTS.B,
31.43%,
9/15/26
..
14,268
14,296
FW1715615.UP.FTS.B,
31.45%,
9/15/26
..
4,173
4,176
FW1718952.UP.FTS.B,
31.98%,
9/15/26
..
6,201
6,213
FW1718497.UP.FTS.B,
32.01%,
9/15/26
..
1,829
1,832
FW1717605.UP.FTS.B,
32.67%,
9/15/26
..
1,835
1,839
FW1886121.UP.FTS.B,
7.36%,
10/20/26
..
2,763
2,740
L1888552.UP.FTS.B,
7.94%,
10/20/26
....
20,817
20,641
L1888883.UP.FTS.B,
8.11%,
10/20/26
....
8,974
8,898
L1882812.UP.FTS.B,
8.28%,
10/20/26
....
20,872
20,696
L1886838.UP.FTS.B,
9.58%,
10/20/26
....
6,323
6,271
L1885593.UP.FTS.B,
10.23%,
10/20/26
...
31,491
31,236
L1888179.UP.FTS.B,
11.03%,
10/20/26
...
600
594
L1886082.UP.FTS.B,
11.37%,
10/20/26
...
30,614
30,369
FW1885766.UP.FTS.B,
12.47%,
10/20/26
.
22,913
22,731
L1885346.UP.FTS.B,
12.58%,
10/20/26
...
2,155
2,138
L1886564.UP.FTS.B,
13.29%,
10/20/26
...
2,527
2,507
L1885846.UP.FTS.B,
13.96%,
10/20/26
...
18,132
17,991
L1888251.UP.FTS.B,
14.9%,
10/20/26
....
2,189
2,173
L1884125.UP.FTS.B,
14.92%,
10/20/26
...
8,004
1,153
L1883791.UP.FTS.B,
16%,
10/20/26
.....
8,286
7,811
L1887062.UP.FTS.B,
16.6%,
10/20/26
....
3,665
3,635
L1889326.UP.FTS.B,
16.75%,
10/20/26
...
3,698
3,671
FW1887343.UP.FTS.B,
17.02%,
10/20/26
.
2,005
1,985
L1882034.UP.FTS.B,
17.06%,
10/20/26
...
3,704
3,675
FW1886267.UP.FTS.B,
17.53%,
10/20/26
.
7,729
7,669
L1884411.UP.FTS.B,
17.65%,
10/20/26
...
4,760
4,723
L1886663.UP.FTS.B,
17.66%,
10/20/26
...
426
420
L1884412.UP.FTS.B,
17.98%,
10/20/26
...
5,217
5,177
FW1885521.UP.FTS.B,
18.95%,
10/20/26
.
2,100
2,085
L1883366.UP.FTS.B,
19.16%,
10/20/26
...
3,407
892
FW1885177.UP.FTS.B,
19.83%,
10/20/26
.
4,525
4,536
L1888979.UP.FTS.B,
20.2%,
10/20/26
....
13,610
13,643
L1886466.UP.FTS.B,
20.85%,
10/20/26
...
10,580
10,603
L1885611.UP.FTS.B,
20.87%,
10/20/26
...
7,299
7,232
L1889370.UP.FTS.B,
21.62%,
10/20/26
...
7,626
7,568
L1886870.UP.FTS.B,
21.7%,
10/20/26
....
12,971
13,002
L1888822.UP.FTS.B,
21.71%,
10/20/26
...
2,671
2,677
L1887570.UP.FTS.B,
22.24%,
10/20/26
...
2,450
2,456
FW1885835.UP.FTS.B,
22.35%,
10/20/26
.
2,399
2,403
FW1884796.UP.FTS.B,
22.4%,
10/20/26
..
5,364
5,377
L1886214.UP.FTS.B,
22.83%,
10/20/26
...
1,558
1,489
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW1884970.UP.FTS.B,
22.98%,
10/20/26
.
$
3,912
$
3,739
L1887186.UP.FTS.B,
23.15%,
10/20/26
...
1,539
1,543
FW1888999.UP.FTS.B,
23.52%,
10/20/26
.
3,858
3,868
L1886386.UP.FTS.B,
23.7%,
10/20/26
....
4,170
4,181
L1887521.UP.FTS.B,
24.21%,
10/20/26
...
1,752
1,731
L1882558.UP.FTS.B,
25.08%,
10/20/26
...
1,247
1,247
FW1887450.UP.FTS.B,
25.16%,
10/20/26
.
11,682
11,712
FW1885417.UP.FTS.B,
25.25%,
10/20/26
.
3,896
3,906
L1888117.UP.FTS.B,
25.32%,
10/20/26
...
3,196
3,205
L1865153.UP.FTS.B,
25.42%,
10/20/26
...
5,693
5,708
L1885219.UP.FTS.B,
25.47%,
10/20/26
...
780
782
L1888296.UP.FTS.B,
25.48%,
10/20/26
...
6,710
6,727
L1888453.UP.FTS.B,
25.56%,
10/20/26
...
12,489
12,521
FW1886975.UP.FTS.B,
25.84%,
10/20/26
.
1,687
1,610
FW1882972.UP.FTS.B,
25.9%,
10/20/26
..
1,453
423
L1885428.UP.FTS.B,
25.94%,
10/20/26
...
11,185
11,214
L1862311.UP.FTS.B,
26.09%,
10/20/26
...
6,260
6,276
L1885011.UP.FTS.B,
26.84%,
10/20/26
...
6,432
1,876
FW1886962.UP.FTS.B,
27.78%,
10/20/26
.
7,901
7,922
FW1886539.UP.FTS.B,
27.96%,
10/20/26
.
5,626
5,378
FW1885667.UP.FTS.B,
29.34%,
10/20/26
.
22,067
21,445
FW1885184.UP.FTS.B,
29.51%,
10/20/26
.
10,687
10,716
FW1886872.UP.FTS.B,
30.11%,
10/20/26
.
1,565
110
FW1884150.UP.FTS.B,
30.85%,
10/20/26
.
1,064
1,059
FW1886189.UP.FTS.B,
30.94%,
10/20/26
.
2,816
2,818
FW1885617.UP.FTS.B,
31.09%,
10/20/26
.
42,030
(364)
FW1888148.UP.FTS.B,
31.17%,
10/20/26
.
2,519
2,513
FW1888248.UP.FTS.B,
31.19%,
10/20/26
.
10,680
10,677
FW1888517.UP.FTS.B,
31.21%,
10/20/26
.
1,609
1,614
FW1886674.UP.FTS.B,
31.35%,
10/20/26
.
3,814
3,822
FW1888130.UP.FTS.B,
31.35%,
10/20/26
.
1,047
1,050
FW1887695.UP.FTS.B,
31.4%,
10/20/26
..
6,202
6,219
FW1886614.UP.FTS.B,
31.93%,
10/20/26
.
4,684
4,697
L2049051.UP.FTS.B,
7.06%,
11/15/26
....
21,140
20,943
L2047884.UP.FTS.B,
7.92%,
11/15/26
....
10,873
10,769
L2049043.UP.FTS.B,
8.02%,
11/15/26
....
12,064
11,952
L2048411.UP.FTS.B,
8.56%,
11/15/26
....
2,837
2,811
L2047237.UP.FTS.B,
9.32%,
11/15/26
....
5,015
4,968
FW2046704.UP.FTS.B,
9.53%,
11/15/26
..
10,762
10,663
L2048415.UP.FTS.B,
9.54%,
11/15/26
....
11,484
11,378
L2048218.UP.FTS.B,
10.37%,
11/15/26
...
21,930
21,729
L2039266.UP.FTS.B,
10.56%,
11/15/26
...
3,042
3,008
L2047893.UP.FTS.B,
10.71%,
11/15/26
...
3,616
3,581
L2041972.UP.FTS.B,
10.92%,
11/15/26
...
36,226
35,880
L2049374.UP.FTS.B,
10.93%,
11/15/26
...
820
59
L2047021.UP.FTS.B,
10.99%,
11/15/26
...
26,967
26,710
L2047044.UP.FTS.B,
11.1%,
11/15/26
....
10,881
10,777
L2048072.UP.FTS.B,
11.58%,
11/15/26
...
8,753
8,662
L2047288.UP.FTS.B,
11.81%,
11/15/26
...
948
939
L2048116.UP.FTS.B,
12.09%,
11/15/26
...
899
844
FW2047068.UP.FTS.B,
12.14%,
11/15/26
.
827
818
L2048395.UP.FTS.B,
12.59%,
11/15/26
...
2,210
2,188
L2048098.UP.FTS.B,
12.76%,
11/15/26
...
4,402
4,361
L2048156.UP.FTS.B,
13.55%,
11/15/26
...
4,935
4,634
L2046597.UP.FTS.B,
14.02%,
11/15/26
...
14,798
14,658
L2047243.UP.FTS.B,
14.23%,
11/15/26
...
13,338
13,212
FW2047393.UP.FTS.B,
14.85%,
11/15/26
.
7,439
7,365
L2048500.UP.FTS.B,
14.96%,
11/15/26
...
18,649
18,457
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
109
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2049034.UP.FTS.B,
15.15%,
11/15/26
.
$
4,814
$
4,765
L2049134.UP.FTS.B,
15.26%,
11/15/26
...
18,523
18,345
L2048596.UP.FTS.B,
15.55%,
11/15/26
...
4,484
4,442
L2048855.UP.FTS.B,
15.99%,
11/15/26
...
7,182
7,102
FW2048646.UP.FTS.B,
16.12%,
11/15/26
.
5,248
5,196
FW2047282.UP.FTS.B,
16.13%,
11/15/26
.
3,346
3,310
L2048113.UP.FTS.B,
16.14%,
11/15/26
...
3,301
3,268
FW2048861.UP.FTS.B,
16.4%,
11/15/26
..
34,956
34,595
L2045526.UP.FTS.B,
16.56%,
11/15/26
...
15,043
14,878
FW2046700.UP.FTS.B,
16.57%,
11/15/26
.
6,187
5,810
L2048386.UP.FTS.B,
16.67%,
11/15/26
...
7,753
7,291
L2048811.UP.FTS.B,
16.74%,
11/15/26
...
748
741
L2046948.UP.FTS.B,
17.39%,
11/15/26
...
11,344
11,231
L2046932.UP.FTS.B,
17.96%,
11/15/26
...
15,155
15,013
L2048201.UP.FTS.B,
18%,
11/15/26
.....
19,653
19,447
L2046867.UP.FTS.B,
18.23%,
11/15/26
...
5,078
4,777
L2048349.UP.FTS.B,
19.37%,
11/15/26
...
6,105
1,694
L2048896.UP.FTS.B,
19.39%,
11/15/26
...
1,227
38
L2049268.UP.FTS.B,
19.7%,
11/15/26
....
5,368
5,309
L2047722.UP.FTS.B,
19.71%,
11/15/26
...
7,606
7,527
L2049153.UP.FTS.B,
19.94%,
11/15/26
...
7,679
7,669
L2048873.UP.FTS.B,
20.43%,
11/15/26
...
3,697
3,660
FW2049180.UP.FTS.B,
20.6%,
11/15/26
..
22,963
22,923
L2047238.UP.FTS.B,
20.7%,
11/15/26
....
7,964
7,494
FW2047226.UP.FTS.B,
20.73%,
11/15/26
.
3,857
3,815
L2047279.UP.FTS.B,
20.87%,
11/15/26
...
6,950
6,941
L2049423.UP.FTS.B,
21.02%,
11/15/26
...
6,125
6,114
L2047474.UP.FTS.B,
21.16%,
11/15/26
...
9,261
9,247
L2046992.UP.FTS.B,
21.33%,
11/15/26
...
5,539
797
L2048370.UP.FTS.B,
21.39%,
11/15/26
...
15,759
14,838
L2048606.UP.FTS.B,
21.48%,
11/15/26
...
7,812
7,788
FW2047914.UP.FTS.B,
21.49%,
11/15/26
.
19,372
19,158
L2047175.UP.FTS.B,
21.59%,
11/15/26
...
938
935
L2047629.UP.FTS.B,
21.75%,
11/15/26
...
1,196
1,125
L2047532.UP.FTS.B,
21.84%,
11/15/26
...
3,883
3,878
L2047358.UP.FTS.B,
21.89%,
11/15/26
...
3,883
3,878
L2047197.UP.FTS.B,
21.93%,
11/15/26
...
8,469
8,375
FW2047187.UP.FTS.B,
22.1%,
11/15/26
..
12,442
12,425
FW2047897.UP.FTS.B,
22.1%,
11/15/26
..
1,555
1,553
FW2049063.UP.FTS.B,
22.49%,
11/15/26
.
21,829
21,587
FW2047777.UP.FTS.B,
22.57%,
11/15/26
.
2,651
2,647
L2047210.UP.FTS.B,
23.31%,
11/15/26
...
7,047
7,037
L2047678.UP.FTS.B,
23.49%,
11/15/26
...
3,781
181
L2048190.UP.FTS.B,
23.66%,
11/15/26
...
10,199
10,185
L2048627.UP.FTS.B,
23.71%,
11/15/26
...
2,953
2,919
FW2047866.UP.FTS.B,
23.86%,
11/15/26
.
4,247
4,202
L2046912.UP.FTS.B,
23.87%,
11/15/26
...
2,675
397
FW2049383.UP.FTS.B,
23.93%,
11/15/26
.
5,192
4,942
L2048336.UP.FTS.B,
24.12%,
11/15/26
...
3,168
3,158
FW2049072.UP.FTS.B,
24.18%,
11/15/26
.
690
680
L2049272.UP.FTS.B,
24.23%,
11/15/26
...
1,162
1,148
FW2034466.UP.FTS.B,
24.37%,
11/15/26
.
2,205
2,202
L2047240.UP.FTS.B,
24.44%,
11/15/26
...
6,247
6,220
L2047586.UP.FTS.B,
24.7%,
11/15/26
....
1,815
1,812
L2019591.UP.FTS.B,
24.92%,
11/15/26
...
7,144
7,053
L2047926.UP.FTS.B,
25.21%,
11/15/26
...
10,812
10,790
L2047674.UP.FTS.B,
25.3%,
11/15/26
....
3,167
3,163
L2048978.UP.FTS.B,
25.37%,
11/15/26
...
7,918
7,907
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2049419.UP.FTS.B,
25.38%,
11/15/26
...
$
928
$
923
L2040394.UP.FTS.B,
25.47%,
11/15/26
...
2,275
163
L2048909.UP.FTS.B,
25.5%,
11/15/26
....
2,060
2,057
L2049148.UP.FTS.B,
25.5%,
11/15/26
....
1,934
20
L2043947.UP.FTS.B,
25.57%,
11/15/26
...
1,902
1,900
FW2049037.UP.FTS.B,
25.72%,
11/15/26
.
4,023
4,012
FW2046927.UP.FTS.B,
25.78%,
11/15/26
.
6,410
454
FW2047316.UP.FTS.B,
25.83%,
11/15/26
.
3,770
569
FW2027220.UP.FTS.B,
25.94%,
11/15/26
.
1,350
1,348
FW2047100.UP.FTS.B,
26.77%,
11/15/26
.
2,393
2,390
FW2045584.UP.FTS.B,
27.07%,
11/15/26
.
5,187
5,179
FW2046988.UP.FTS.B,
27.85%,
11/15/26
.
6,963
490
FW2048599.UP.FTS.B,
28.16%,
11/15/26
.
759
756
FW2047988.UP.FTS.B,
29.5%,
11/15/26
..
6,740
6,726
FW2048743.UP.FTS.B,
29.66%,
11/15/26
.
8,681
606
FW2014368.UP.FTS.B,
29.7%,
11/15/26
..
4,048
4,042
FW2047661.UP.FTS.B,
29.89%,
11/15/26
.
4,171
1,206
FW2048362.UP.FTS.B,
30.1%,
11/15/26
..
734
106
FW2047468.UP.FTS.B,
30.8%,
11/15/26
..
1,680
1,664
FW2049349.UP.FTS.B,
30.81%,
11/15/26
.
1,303
1,300
FW2046973.UP.FTS.B,
31.05%,
11/15/26
.
2,842
2,836
FW2049409.UP.FTS.B,
31.09%,
11/15/26
.
8,434
8,010
FW2047660.UP.FTS.B,
31.1%,
11/15/26
..
2,115
2,111
FW2047739.UP.FTS.B,
31.1%,
11/15/26
..
6,948
6,614
FW1979816.UP.FTS.B,
31.12%,
11/15/26
.
2,287
2,279
FW2046950.UP.FTS.B,
31.12%,
11/15/26
.
6,115
6,105
FW2048800.UP.FTS.B,
31.12%,
11/15/26
.
2,470
2,462
FW2048749.UP.FTS.B,
31.13%,
11/15/26
.
2,105
2,101
FW2047818.UP.FTS.B,
31.21%,
11/15/26
.
2,613
2,609
FW2047594.UP.FTS.B,
31.24%,
11/15/26
.
1,387
1,385
FW2044634.UP.FTS.B,
31.42%,
11/15/26
.
2,982
2,839
FW2048610.UP.FTS.B,
31.92%,
11/15/26
.
5,319
5,311
FW2096102.UP.FTS.B,
7.51%,
11/22/26
..
6,010
5,958
L2094728.UP.FTS.B,
10%,
11/22/26
.....
2,879
2,855
L2094764.UP.FTS.B,
11.93%,
11/22/26
...
2,189
2,171
FW2094906.UP.FTS.B,
12.24%,
11/22/26
.
1,974
1,958
FW2083090.UP.FTS.B,
12.64%,
11/22/26
.
707
701
L2094888.UP.FTS.B,
12.99%,
11/22/26
...
1,102
1,093
L2095193.UP.FTS.B,
13.04%,
11/22/26
...
5,125
5,082
L2094418.UP.FTS.B,
13.53%,
11/22/26
...
3,754
3,531
L2095349.UP.FTS.B,
13.57%,
11/22/26
...
3,099
3,073
FW2094706.UP.FTS.B,
14.02%,
11/22/26
.
12,581
11,829
FW2094373.UP.FTS.B,
14.38%,
11/22/26
.
8,221
1,157
L2092869.UP.FTS.B,
15.96%,
11/22/26
...
8,992
8,919
L2094766.UP.FTS.B,
16.38%,
11/22/26
...
3,006
2,981
FW2096834.UP.FTS.B,
16.52%,
11/22/26
.
2,256
2,238
L2094403.UP.FTS.B,
16.85%,
11/22/26
...
5,246
5,202
FW2095326.UP.FTS.B,
16.9%,
11/22/26
..
3,769
3,739
L2096303.UP.FTS.B,
17.14%,
11/22/26
...
6,476
251
L2095105.UP.FTS.B,
17.31%,
11/22/26
...
16,402
15,460
FW2094890.UP.FTS.B,
17.34%,
11/22/26
.
11,338
11,247
FW2096292.UP.FTS.B,
18.39%,
11/22/26
.
6,543
6,486
L2094851.UP.FTS.B,
18.61%,
11/22/26
...
34,954
34,670
FW2096280.UP.FTS.B,
19.26%,
11/22/26
.
7,598
7,606
L2096899.UP.FTS.B,
19.33%,
11/22/26
...
12,242
12,136
L2096144.UP.FTS.B,
19.54%,
11/22/26
...
11,439
11,338
L2095820.UP.FTS.B,
19.69%,
11/22/26
...
8,390
8,315
L2093917.UP.FTS.B,
19.94%,
11/22/26
...
9,215
9,136
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
110
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2094159.UP.FTS.B,
20.44%,
11/22/26
.
$
7,240
$
7,177
FW2096571.UP.FTS.B,
21.28%,
11/22/26
.
2,323
2,327
L2095646.UP.FTS.B,
21.32%,
11/22/26
...
1,187
1,118
L2096760.UP.FTS.B,
21.84%,
11/22/26
...
8,542
8,554
L2096857.UP.FTS.B,
21.9%,
11/22/26
....
27,835
26,246
FW2095752.UP.FTS.B,
22.05%,
11/22/26
.
12,839
328
L2094894.UP.FTS.B,
22.2%,
11/22/26
....
1,112
1,100
L2096134.UP.FTS.B,
22.43%,
11/22/26
...
5,065
5,021
L2096800.UP.FTS.B,
22.67%,
11/22/26
...
15,895
15,149
FW2095579.UP.FTS.B,
22.78%,
11/22/26
.
20,157
5,550
FW2095395.UP.FTS.B,
22.89%,
11/22/26
.
1,406
1,394
FW2096115.UP.FTS.B,
23.24%,
11/22/26
.
2,505
2,508
FW2095271.UP.FTS.B,
23.29%,
11/22/26
.
14,047
13,388
FW2024402.UP.FTS.B,
24.5%,
11/22/26
..
9,457
9,471
L2094789.UP.FTS.B,
24.85%,
11/22/26
...
15,732
15,753
L2094507.UP.FTS.B,
25.13%,
11/22/26
...
1,029
1,020
L2094312.UP.FTS.B,
25.16%,
11/22/26
...
23,885
23,920
L2094838.UP.FTS.B,
25.25%,
11/22/26
...
3,376
3,223
L2096356.UP.FTS.B,
25.27%,
11/22/26
...
791
793
L2093956.UP.FTS.B,
25.33%,
11/22/26
...
2,696
2,695
L2096178.UP.FTS.B,
25.35%,
11/22/26
...
14,430
4,189
L2096755.UP.FTS.B,
25.38%,
11/22/26
...
11,751
11,205
FW2095277.UP.FTS.B,
25.75%,
11/22/26
.
11,902
11,920
FW2094367.UP.FTS.B,
25.82%,
11/22/26
.
4,154
637
L2094270.UP.FTS.B,
25.87%,
11/22/26
...
2,541
2,545
FW2096631.UP.FTS.B,
26.76%,
11/22/26
.
3,190
3,195
FW2095637.UP.FTS.B,
26.8%,
11/22/26
..
3,094
3,094
FW2094585.UP.FTS.B,
27.16%,
11/22/26
.
4,043
4,043
FW2094718.UP.FTS.B,
27.18%,
11/22/26
.
7,994
8,006
FW2073665.UP.FTS.B,
27.21%,
11/22/26
.
3,205
3,203
L2096054.UP.FTS.B,
27.38%,
11/22/26
...
2,641
2,645
L2096384.UP.FTS.B,
27.83%,
11/22/26
...
7,379
7,390
FW2095190.UP.FTS.B,
28.27%,
11/22/26
.
2,817
200
FW2096342.UP.FTS.B,
28.48%,
11/22/26
.
4,024
4,029
FW2094419.UP.FTS.B,
28.57%,
11/22/26
.
829
243
FW2094402.UP.FTS.B,
28.65%,
11/22/26
.
2,731
2,604
FW2096376.UP.FTS.B,
29.09%,
11/22/26
.
4,501
4,506
FW2095953.UP.FTS.B,
29.33%,
11/22/26
.
4,012
4,011
FW2094834.UP.FTS.B,
29.86%,
11/22/26
.
4,052
4,058
FW2095758.UP.FTS.B,
30.37%,
11/22/26
.
10,010
(224)
FW2096279.UP.FTS.B,
30.8%,
11/22/26
..
977
978
FW2096310.UP.FTS.B,
31%,
11/22/26
...
2,349
2,335
FW2094909.UP.FTS.B,
31.13%,
11/22/26
.
8,371
589
FW2093970.UP.FTS.B,
31.15%,
11/22/26
.
1,879
1,878
FW2094058.UP.FTS.B,
31.18%,
11/22/26
.
1,349
204
FW2094660.UP.FTS.B,
31.22%,
11/22/26
.
8,815
8,823
FW2096663.UP.FTS.B,
31.48%,
11/22/26
.
4,088
4,094
FW2089645.UP.FTS.B,
31.75%,
11/22/26
.
7,768
7,780
L2046907.UP.FTS.B,
21.17%,
11/28/26
...
2,858
2,823
L2096773.UP.FTS.B,
24.83%,
12/03/26
...
2,377
2,380
FW2295931.UP.FTS.B,
5.9%,
12/21/26
...
10,729
10,636
FW2293082.UP.FTS.B,
6.16%,
12/21/26
..
3,301
3,273
FW2293764.UP.FTS.B,
6.23%,
12/21/26
..
16,122
15,122
L2296513.UP.FTS.B,
7.11%,
12/21/26
....
2,661
2,638
FW2293501.UP.FTS.B,
7.39%,
12/21/26
..
5,343
5,295
L2292686.UP.FTS.B,
7.74%,
12/21/26
....
2,172
2,152
L2295874.UP.FTS.B,
7.93%,
12/21/26
....
5,245
5,198
L2293167.UP.FTS.B,
8.19%,
12/21/26
....
5,808
5,757
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2295697.UP.FTS.B,
8.34%,
12/21/26
....
$
872
$
864
FW2294735.UP.FTS.B,
8.57%,
12/21/26
..
2,895
2,869
L2295880.UP.FTS.B,
8.72%,
12/21/26
....
2,186
2,167
L2295428.UP.FTS.B,
9.02%,
12/21/26
....
15,209
3,744
L2295310.UP.FTS.B,
9.3%,
12/21/26
....
5,675
5,624
L2296054.UP.FTS.B,
9.4%,
12/21/26
....
7,005
6,717
L2294640.UP.FTS.B,
9.73%,
12/21/26
....
2,349
2,326
L2295873.UP.FTS.B,
11.31%,
12/21/26
...
22,246
22,055
FW2294642.UP.FTS.B,
11.72%,
12/21/26
.
4,462
4,422
L2294345.UP.FTS.B,
12.41%,
12/21/26
...
6,348
6,291
L2292250.UP.FTS.B,
12.42%,
12/21/26
...
8,802
8,269
L2288385.UP.FTS.B,
12.86%,
12/21/26
...
3,745
3,712
L2295080.UP.FTS.B,
13.33%,
12/21/26
...
5,578
5,528
L2294220.UP.FTS.B,
13.69%,
12/21/26
...
4,518
4,478
L2294373.UP.FTS.B,
13.7%,
12/21/26
....
3,991
3,956
L2294790.UP.FTS.B,
13.78%,
12/21/26
...
4,733
4,688
L2296399.UP.FTS.B,
14.35%,
12/21/26
...
7,568
7,494
L2295213.UP.FTS.B,
14.68%,
12/21/26
...
4,068
190
FW2293923.UP.FTS.B,
16.04%,
12/21/26
.
3,354
3,313
L2294540.UP.FTS.B,
16.91%,
12/21/26
...
3,910
3,683
L2293185.UP.FTS.B,
17.25%,
12/21/26
...
12,072
3,353
FW2293821.UP.FTS.B,
17.3%,
12/21/26
..
1,311
1,298
L2296049.UP.FTS.B,
17.33%,
12/21/26
...
3,850
3,814
L2293602.UP.FTS.B,
17.68%,
12/21/26
...
8,093
8,017
L2293520.UP.FTS.B,
17.78%,
12/21/26
...
3,860
3,821
L2295430.UP.FTS.B,
18.6%,
12/21/26
....
11,324
11,208
L2293291.UP.FTS.B,
18.66%,
12/21/26
...
2,191
157
L2295608.UP.FTS.B,
18.98%,
12/21/26
...
7,771
7,691
FW2293617.UP.FTS.B,
19.06%,
12/21/26
.
5,444
5,394
FW2294886.UP.FTS.B,
19.07%,
12/21/26
.
1,539
1,525
L2295776.UP.FTS.B,
19.35%,
12/21/26
...
1,247
41
FW2293806.UP.FTS.B,
19.41%,
12/21/26
.
6,195
6,136
L2296294.UP.FTS.B,
19.65%,
12/21/26
...
1,333
1,288
FW2289691.UP.FTS.B,
20.05%,
12/21/26
.
3,911
3,910
L2293347.UP.FTS.B,
20.07%,
12/21/26
...
23,468
23,228
L2293707.UP.FTS.B,
21.03%,
12/21/26
...
5,899
5,839
L2295159.UP.FTS.B,
21.2%,
12/21/26
....
2,598
2,597
L2294842.UP.FTS.B,
21.22%,
12/21/26
...
3,937
3,936
L2296434.UP.FTS.B,
21.52%,
12/21/26
...
1,972
1,952
FW2292759.UP.FTS.B,
21.98%,
12/21/26
.
20,164
19,977
FW2296031.UP.FTS.B,
22.11%,
12/21/26
.
3,829
1,112
L2296037.UP.FTS.B,
22.38%,
12/21/26
...
3,906
3,902
L2286942.UP.FTS.B,
22.51%,
12/21/26
...
1,796
1,793
L2293386.UP.FTS.B,
22.55%,
12/21/26
...
6,344
6,343
L2294387.UP.FTS.B,
22.74%,
12/21/26
...
3,326
503
L2294767.UP.FTS.B,
23.15%,
12/21/26
...
2,078
2,074
FW2296289.UP.FTS.B,
23.69%,
12/21/26
.
5,725
5,694
L2296095.UP.FTS.B,
23.73%,
12/21/26
...
7,953
7,949
FW2295460.UP.FTS.B,
23.88%,
12/21/26
.
21,939
20,663
L2295502.UP.FTS.B,
23.94%,
12/21/26
...
7,831
7,829
L2295515.UP.FTS.B,
24.19%,
12/21/26
...
11,999
11,996
L2295990.UP.FTS.B,
24.34%,
12/21/26
...
3,468
3,464
L2293012.UP.FTS.B,
24.54%,
12/21/26
...
2,404
2,380
L2293989.UP.FTS.B,
24.69%,
12/21/26
...
2,406
2,405
L2294601.UP.FTS.B,
24.7%,
12/21/26
....
40,101
40,088
FW2296310.UP.FTS.B,
24.81%,
12/21/26
.
2,447
2,328
FW2295879.UP.FTS.B,
25.12%,
12/21/26
.
17,663
17,657
L2246443.UP.FTS.B,
25.23%,
12/21/26
...
890
888
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
111
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2295322.UP.FTS.B,
25.28%,
12/21/26
...
$
3,504
$
3,501
L2295069.UP.FTS.B,
25.39%,
12/21/26
...
1,731
1,728
L2294834.UP.FTS.B,
25.4%,
12/21/26
....
834
59
L2293969.UP.FTS.B,
25.41%,
12/21/26
...
10,810
10,292
L2296171.UP.FTS.B,
25.41%,
12/21/26
...
1,852
1,851
L2294392.UP.FTS.B,
25.44%,
12/21/26
...
15,552
15,516
L2287500.UP.FTS.B,
25.45%,
12/21/26
...
5,215
5,212
L2292073.UP.FTS.B,
25.46%,
12/21/26
...
2,416
2,415
L2296315.UP.FTS.B,
25.46%,
12/21/26
...
3,992
3,988
L2295101.UP.FTS.B,
25.65%,
12/21/26
...
2,193
2,143
FW2294336.UP.FTS.B,
25.77%,
12/21/26
.
1,345
1,326
FW2293250.UP.FTS.B,
26.48%,
12/21/26
.
1,650
1,571
FW2295132.UP.FTS.B,
26.71%,
12/21/26
.
28,685
28,676
L2289495.UP.FTS.B,
27.03%,
12/21/26
...
4,220
4,177
FW2296329.UP.FTS.B,
27.9%,
12/21/26
..
2,986
2,983
FW2294924.UP.FTS.B,
28.38%,
12/21/26
.
4,738
4,736
L2296578.UP.FTS.B,
28.56%,
12/21/26
...
4,006
4,005
FW2294602.UP.FTS.B,
28.58%,
12/21/26
.
2,940
206
FW2294247.UP.FTS.B,
28.6%,
12/21/26
..
5,214
4,956
FW2296510.UP.FTS.B,
28.63%,
12/21/26
.
5,478
5,476
FW2295693.UP.FTS.B,
29.44%,
12/21/26
.
1,896
1,886
FW2292307.UP.FTS.B,
29.55%,
12/21/26
.
12,158
12,154
FW2294300.UP.FTS.B,
29.67%,
12/21/26
.
4,110
4,108
FW2296196.UP.FTS.B,
29.85%,
12/21/26
.
913
871
FW2293867.UP.FTS.B,
30.1%,
12/21/26
..
8,482
8,067
FW2293261.UP.FTS.B,
30.26%,
12/21/26
.
906
906
FW2294598.UP.FTS.B,
30.58%,
12/21/26
.
2,641
2,640
FW2295156.UP.FTS.B,
30.61%,
12/21/26
.
1,738
1,734
FW2295730.UP.FTS.B,
30.86%,
12/21/26
.
427
421
FW2296110.UP.FTS.B,
30.89%,
12/21/26
.
924
879
FW2296255.UP.FTS.B,
30.89%,
12/21/26
.
1,103
1,100
FW2294105.UP.FTS.B,
30.94%,
12/21/26
.
10,673
10,659
FW2295248.UP.FTS.B,
30.94%,
12/21/26
.
3,151
3,144
FW2295082.UP.FTS.B,
31.01%,
12/21/26
.
862
130
FW2293727.UP.FTS.B,
31.05%,
12/21/26
.
1,241
1,240
FW2293310.UP.FTS.B,
31.11%,
12/21/26
.
1,489
1,489
FW2293588.UP.FTS.B,
31.17%,
12/21/26
.
902
62
FW2295496.UP.FTS.B,
31.18%,
12/21/26
.
2,235
2,234
FW2292945.UP.FTS.B,
31.23%,
12/21/26
.
2,157
2,152
FW2293724.UP.FTS.B,
31.23%,
12/21/26
.
3,209
3,051
FW2293684.UP.FTS.B,
31.29%,
12/21/26
.
2,484
2,483
FW2293376.UP.FTS.B,
31.54%,
12/21/26
.
31,337
31,324
FW2295529.UP.FTS.B,
32.21%,
12/21/26
.
5,520
5,257
FW2295899.UP.FTS.B,
32.71%,
12/21/26
.
3,815
3,813
L2298042.UP.FTS.B,
5.42%,
12/22/26
....
7,120
7,061
FW2296838.UP.FTS.B,
5.56%,
12/22/26
..
8,553
8,482
L2300162.UP.FTS.B,
5.78%,
12/22/26
....
1,071
1,062
L2298149.UP.FTS.B,
5.81%,
12/22/26
....
33,558
33,282
L2298867.UP.FTS.B,
6.47%,
12/22/26
....
10,403
10,316
L2298677.UP.FTS.B,
6.71%,
12/22/26
....
2,511
2,491
FW2298647.UP.FTS.B,
6.85%,
12/22/26
..
35,963
35,671
L2296512.UP.FTS.B,
6.86%,
12/22/26
....
21,581
21,406
FW2299026.UP.FTS.B,
7.03%,
12/22/26
..
3,601
3,570
L2299006.UP.FTS.B,
7.25%,
12/22/26
....
11,482
11,378
L2298624.UP.FTS.B,
7.52%,
12/22/26
....
25,273
25,059
L2300059.UP.FTS.B,
7.96%,
12/22/26
....
3,615
3,585
L2275604.UP.FTS.B,
8%,
12/22/26
......
7,360
6,913
FW2297741.UP.FTS.B,
8.43%,
12/22/26
..
4,364
4,327
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2296751.UP.FTS.B,
9.09%,
12/22/26
....
$
4,384
$
4,347
L2299887.UP.FTS.B,
9.18%,
12/22/26
....
7,463
7,009
L2297168.UP.FTS.B,
9.21%,
12/22/26
....
3,654
3,624
FW2300319.UP.FTS.B,
9.33%,
12/22/26
..
3,074
3,048
L2275171.UP.FTS.B,
9.45%,
12/22/26
....
1,831
1,816
FW2275119.UP.FTS.B,
10.09%,
12/22/26
.
22,067
21,886
L2261699.UP.FTS.B,
10.41%,
12/22/26
...
2,949
2,924
FW2298451.UP.FTS.B,
10.42%,
12/22/26
.
8,847
8,772
L2299578.UP.FTS.B,
10.73%,
12/22/26
...
3,250
3,223
L2296896.UP.FTS.B,
10.8%,
12/22/26
....
2,217
2,199
L2296884.UP.FTS.B,
10.85%,
12/22/26
...
7,393
7,331
FW2300491.UP.FTS.B,
11.05%,
12/22/26
.
2,074
2,055
L2300049.UP.FTS.B,
11.22%,
12/22/26
...
18,528
18,372
L2299084.UP.FTS.B,
11.37%,
12/22/26
...
6,053
5,694
L2299517.UP.FTS.B,
11.74%,
12/22/26
...
10,206
740
L2299162.UP.FTS.B,
11.99%,
12/22/26
...
8,877
8,801
L2296860.UP.FTS.B,
12.01%,
12/22/26
...
8,191
8,106
L2288091.UP.FTS.B,
12.04%,
12/22/26
...
7,451
7,389
L2296913.UP.FTS.B,
12.48%,
12/22/26
...
8,068
7,589
FW2296819.UP.FTS.B,
12.8%,
12/22/26
..
749
743
L2297301.UP.FTS.B,
13.19%,
12/22/26
...
3,729
3,698
L2297394.UP.FTS.B,
13.43%,
12/22/26
...
3,007
2,982
FW2295002.UP.FTS.B,
13.45%,
12/22/26
.
1,278
1,268
L2298273.UP.FTS.B,
13.81%,
12/22/26
...
20,760
19,516
FW2297621.UP.FTS.B,
13.91%,
12/22/26
.
1,736
1,721
FW2297887.UP.FTS.B,
14.01%,
12/22/26
.
6,475
6,417
L2297583.UP.FTS.B,
14.22%,
12/22/26
...
14,404
13,541
FW2296544.UP.FTS.B,
14.31%,
12/22/26
.
3,780
3,749
L2296665.UP.FTS.B,
14.98%,
12/22/26
...
3,240
3,191
L2272259.UP.FTS.B,
15.03%,
12/22/26
...
3,021
2,995
L2296608.UP.FTS.B,
15.19%,
12/22/26
...
12,845
12,741
L2298101.UP.FTS.B,
15.46%,
12/22/26
...
3,558
3,516
FW2298689.UP.FTS.B,
15.52%,
12/22/26
.
13,330
13,216
FW2298989.UP.FTS.B,
15.65%,
12/22/26
.
5,865
5,525
L2300266.UP.FTS.B,
15.81%,
12/22/26
...
16,556
16,423
L2297545.UP.FTS.B,
16.01%,
12/22/26
...
3,056
3,031
L2296898.UP.FTS.B,
16.28%,
12/22/26
...
8,790
1,273
FW2298789.UP.FTS.B,
16.35%,
12/22/26
.
6,695
483
FW2297895.UP.FTS.B,
16.41%,
12/22/26
.
2,394
648
L2297702.UP.FTS.B,
16.54%,
12/22/26
...
1,150
1,140
FW2296844.UP.FTS.B,
16.78%,
12/22/26
.
1,893
1,876
L2296757.UP.FTS.B,
16.99%,
12/22/26
...
4,934
194
FW2242642.UP.FTS.B,
17.23%,
12/22/26
.
5,357
5,311
FW2297226.UP.FTS.B,
17.41%,
12/22/26
.
10,272
2,784
L2297622.UP.FTS.B,
17.73%,
12/22/26
...
4,625
4,589
FW2298313.UP.FTS.B,
17.76%,
12/22/26
.
11,734
11,636
L2297195.UP.FTS.B,
18.28%,
12/22/26
...
20,133
19,974
L2263482.UP.FTS.B,
18.35%,
12/22/26
...
12,801
929
FW2299062.UP.FTS.B,
18.65%,
12/22/26
.
3,845
279
L2297949.UP.FTS.B,
18.76%,
12/22/26
...
3,106
3,077
FW2298046.UP.FTS.B,
19.21%,
12/22/26
.
7,786
7,715
FW2299900.UP.FTS.B,
19.29%,
12/22/26
.
39,433
37,214
FW2297186.UP.FTS.B,
19.59%,
12/22/26
.
7,802
7,737
FW2299680.UP.FTS.B,
19.7%,
12/22/26
..
5,465
5,414
L2296627.UP.FTS.B,
19.74%,
12/22/26
...
3,905
3,873
FW2235699.UP.FTS.B,
19.99%,
12/22/26
.
5,945
432
L2298737.UP.FTS.B,
20.98%,
12/22/26
...
3,932
3,896
L2297546.UP.FTS.B,
21.15%,
12/22/26
...
1,402
1,356
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
112
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2300374.UP.FTS.B,
21.31%,
12/22/26
...
$
2,346
$
2,347
L2296777.UP.FTS.B,
21.4%,
12/22/26
....
7,881
7,888
FW2298033.UP.FTS.B,
21.61%,
12/22/26
.
13,019
12,900
L2299056.UP.FTS.B,
22%,
12/22/26
.....
4,586
4,590
L2298829.UP.FTS.B,
22.17%,
12/22/26
...
4,986
4,936
FW2297460.UP.FTS.B,
22.74%,
12/22/26
.
39,750
39,708
L2296427.UP.FTS.B,
22.94%,
12/22/26
...
2,200
2,074
L2300367.UP.FTS.B,
22.94%,
12/22/26
...
1,589
1,575
L2296515.UP.FTS.B,
22.98%,
12/22/26
...
2,384
2,387
FW2297374.UP.FTS.B,
23.21%,
12/22/26
.
1,799
1,715
L2298974.UP.FTS.B,
23.47%,
12/22/26
...
1,434
1,422
FW2300425.UP.FTS.B,
23.57%,
12/22/26
.
7,974
7,981
L2289378.UP.FTS.B,
23.7%,
12/22/26
....
4,315
4,311
L2296775.UP.FTS.B,
23.9%,
12/22/26
....
3,594
3,598
L2298860.UP.FTS.B,
23.92%,
12/22/26
...
11,981
11,993
L2296638.UP.FTS.B,
23.96%,
12/22/26
...
805
768
L2297921.UP.FTS.B,
24.04%,
12/22/26
...
4,873
4,651
L2300131.UP.FTS.B,
24.08%,
12/22/26
...
11,148
10,623
L2297604.UP.FTS.B,
24.33%,
12/22/26
...
1,201
1,202
L2277340.UP.FTS.B,
24.46%,
12/22/26
...
3,628
1,057
FW2296565.UP.FTS.B,
24.56%,
12/22/26
.
1,843
1,845
L2297696.UP.FTS.B,
24.62%,
12/22/26
...
808
798
L2299447.UP.FTS.B,
24.64%,
12/22/26
...
1,604
1,605
L2296874.UP.FTS.B,
24.85%,
12/22/26
...
924
141
FW2295512.UP.FTS.B,
25.12%,
12/22/26
.
8,098
8,022
L2296994.UP.FTS.B,
25.2%,
12/22/26
....
2,905
2,903
L2282956.UP.FTS.B,
25.27%,
12/22/26
...
715
708
FW2297623.UP.FTS.B,
25.32%,
12/22/26
.
2,896
2,873
L2299789.UP.FTS.B,
25.32%,
12/22/26
...
1,207
1,208
L2292373.UP.FTS.B,
25.33%,
12/22/26
...
1,368
1,356
L2297988.UP.FTS.B,
25.38%,
12/22/26
...
860
856
L2299918.UP.FTS.B,
25.41%,
12/22/26
...
1,633
116
L2297428.UP.FTS.B,
25.42%,
12/22/26
...
8,522
610
L2298851.UP.FTS.B,
25.44%,
12/22/26
...
1,208
1,209
L2297598.UP.FTS.B,
25.45%,
12/22/26
...
1,051
75
L2296962.UP.FTS.B,
25.46%,
12/22/26
...
2,738
2,741
L2298544.UP.FTS.B,
25.47%,
12/22/26
...
4,008
4,011
L2298179.UP.FTS.B,
25.49%,
12/22/26
...
3,704
3,708
L2297223.UP.FTS.B,
25.61%,
12/22/26
...
2,443
2,369
L2297795.UP.FTS.B,
26.01%,
12/22/26
...
10,335
10,346
L2296379.UP.FTS.B,
26.17%,
12/22/26
...
8,081
8,090
FW2299410.UP.FTS.B,
26.2%,
12/22/26
..
4,849
4,854
FW2300548.UP.FTS.B,
26.24%,
12/22/26
.
3,234
3,205
FW2298545.UP.FTS.B,
26.68%,
12/22/26
.
11,018
11,030
FW2297229.UP.FTS.B,
26.75%,
12/22/26
.
10,458
10,454
FW2298735.UP.FTS.B,
26.94%,
12/22/26
.
11,889
11,770
FW2299436.UP.FTS.B,
27.39%,
12/22/26
.
3,381
3,383
FW2298369.UP.FTS.B,
27.48%,
12/22/26
.
15,045
14,351
FW2296934.UP.FTS.B,
28.08%,
12/22/26
.
4,649
4,654
FW2299110.UP.FTS.B,
28.13%,
12/22/26
.
12,608
3,699
FW2297196.UP.FTS.B,
28.3%,
12/22/26
..
8,166
8,176
FW2298568.UP.FTS.B,
28.54%,
12/22/26
.
6,214
6,221
FW2297945.UP.FTS.B,
28.62%,
12/22/26
.
7,571
7,570
FW2297886.UP.FTS.B,
29.13%,
12/22/26
.
2,539
2,542
FW2297392.UP.FTS.B,
29.67%,
12/22/26
.
1,705
1,703
FW2298522.UP.FTS.B,
29.71%,
12/22/26
.
2,878
2,882
FW2296795.UP.FTS.B,
30.46%,
12/22/26
.
1,237
1,239
FW2299999.UP.FTS.B,
30.69%,
12/22/26
.
1,557
1,554
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2296458.UP.FTS.B,
30.75%,
12/22/26
.
$
7,103
$
7,112
FW2299169.UP.FTS.B,
30.82%,
12/22/26
.
3,389
3,393
FW2281021.UP.FTS.B,
30.86%,
12/22/26
.
4,590
4,592
FW2299939.UP.FTS.B,
30.93%,
12/22/26
.
909
910
FW2297499.UP.FTS.B,
30.95%,
12/22/26
.
909
911
FW2296542.UP.FTS.B,
31%,
12/22/26
...
4,930
1,455
FW2300108.UP.FTS.B,
31.04%,
12/22/26
.
1,075
1,077
FW2298345.UP.FTS.B,
31.12%,
12/22/26
.
1,226
1,221
FW2298159.UP.FTS.B,
31.15%,
12/22/26
.
2,400
2,403
FW2296911.UP.FTS.B,
31.17%,
12/22/26
.
1,080
318
FW2299655.UP.FTS.B,
31.17%,
12/22/26
.
3,311
3,315
FW2294359.UP.FTS.B,
31.33%,
12/22/26
.
41,433
41,485
FW2300018.UP.FTS.B,
31.65%,
12/22/26
.
4,562
4,567
FW2296208.UP.FTS.B,
31.74%,
12/22/26
.
5,659
5,655
FW2296337.UP.FTS.B,
33.15%,
12/22/26
.
4,997
4,763
FW2296980.UP.FTS.B,
33.56%,
12/22/26
.
1,188
1,179
FW2289917.UP.FTS.B,
24.12%,
12/26/26
.
3,870
3,851
FW2293338.UP.FTS.B,
11.67%,
1/05/27
..
14,422
1,995
L2293224.UP.FTS.B,
25.74%,
1/05/27
....
1,489
1,486
FW2294223.UP.FTS.B,
31.19%,
1/05/27
..
20,547
20,513
L2428799.UP.FTS.B,
4.81%,
1/13/27
....
9,420
9,340
L2424153.UP.FTS.B,
4.86%,
1/13/27
....
35,807
35,503
L2426247.UP.FTS.B,
4.87%,
1/13/27
....
11,313
11,215
L2417962.UP.FTS.B,
5.74%,
1/13/27
....
3,638
3,608
L2424670.UP.FTS.B,
5.86%,
1/13/27
....
6,933
6,875
L2425940.UP.FTS.B,
5.96%,
1/13/27
....
14,575
14,453
L2427954.UP.FTS.B,
5.98%,
1/13/27
....
21,913
21,730
FW2427065.UP.FTS.B,
6.14%,
1/13/27
...
6,220
6,168
L2428807.UP.FTS.B,
6.19%,
1/13/27
....
5,486
5,440
L2425627.UP.FTS.B,
6.24%,
1/13/27
....
19,908
19,743
FW2418004.UP.FTS.B,
6.27%,
1/13/27
...
21,785
21,604
FW2426682.UP.FTS.B,
6.38%,
1/13/27
...
11,242
5,682
L2424813.UP.FTS.B,
6.62%,
1/13/27
....
13,204
13,095
L2426387.UP.FTS.B,
7.28%,
1/13/27
....
3,316
3,288
FW2427607.UP.FTS.B,
7.35%,
1/13/27
...
11,727
11,614
L2423321.UP.FTS.B,
7.44%,
1/13/27
....
6,032
3,110
L2425992.UP.FTS.B,
7.55%,
1/13/27
....
3,912
3,880
L2426489.UP.FTS.B,
7.81%,
1/13/27
....
8,873
8,792
L2428326.UP.FTS.B,
7.87%,
1/13/27
....
7,247
7,180
L2427644.UP.FTS.B,
7.93%,
1/13/27
....
1,850
1,833
FW2427445.UP.FTS.B,
7.98%,
1/13/27
...
5,922
5,868
L2424761.UP.FTS.B,
8.01%,
1/13/27
....
4,300
4,260
L2426445.UP.FTS.B,
8.42%,
1/13/27
....
2,150
2,130
FW2426523.UP.FTS.B,
8.45%,
1/13/27
...
3,226
3,194
L2427091.UP.FTS.B,
8.49%,
1/13/27
....
5,199
5,152
L2400286.UP.FTS.B,
8.75%,
1/13/27
....
5,485
5,435
L2424441.UP.FTS.B,
8.96%,
1/13/27
....
1,119
1,107
FW2426991.UP.FTS.B,
9.24%,
1/13/27
...
4,478
4,438
L2427316.UP.FTS.B,
9.44%,
1/13/27
....
20,845
1,522
L2427076.UP.FTS.B,
9.69%,
1/13/27
....
6,295
6,236
L2427657.UP.FTS.B,
9.7%,
1/13/27
.....
3,448
3,414
FW2424161.UP.FTS.B,
9.93%,
1/13/27
...
1,835
134
L2425208.UP.FTS.B,
9.97%,
1/13/27
....
5,248
5,202
FW2423329.UP.FTS.B,
10.39%,
1/13/27
..
652
645
L2428214.UP.FTS.B,
10.52%,
1/13/27
....
2,040
2,021
L2423014.UP.FTS.B,
10.64%,
1/13/27
....
20,329
20,149
FW2425927.UP.FTS.B,
10.97%,
1/13/27
..
40,623
2,328
L2427738.UP.FTS.B,
11.82%,
1/13/27
....
7,920
575
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
113
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2425681.UP.FTS.B,
11.84%,
1/13/27
..
$
23,515
$
23,284
L2423675.UP.FTS.B,
12.15%,
1/13/27
....
4,940
4,892
L2426699.UP.FTS.B,
13.25%,
1/13/27
....
9,196
9,100
L2426346.UP.FTS.B,
13.31%,
1/13/27
....
4,098
4,045
FW2426553.UP.FTS.B,
14.04%,
1/13/27
..
4,993
4,945
FW2426488.UP.FTS.B,
14.89%,
1/13/27
..
5,376
5,324
L2428411.UP.FTS.B,
15.14%,
1/13/27
....
3,713
3,672
FW2398372.UP.FTS.B,
15.37%,
1/13/27
..
9,141
9,039
FW2425483.UP.FTS.B,
15.58%,
1/13/27
..
8,532
8,437
L2424270.UP.FTS.B,
15.87%,
1/13/27
....
3,992
1,067
FW2412323.UP.FTS.B,
15.91%,
1/13/27
..
7,771
7,697
FW2423910.UP.FTS.B,
15.96%,
1/13/27
..
6,214
6,145
L2406518.UP.FTS.B,
16%,
1/13/27
......
3,888
3,844
FW2426856.UP.FTS.B,
16.14%,
1/13/27
..
7,782
7,696
L2426798.UP.FTS.B,
16.24%,
1/13/27
....
12,457
12,340
L2426649.UP.FTS.B,
16.44%,
1/13/27
....
925
131
L2428444.UP.FTS.B,
16.71%,
1/13/27
....
4,684
4,632
L2428347.UP.FTS.B,
16.79%,
1/13/27
....
5,787
791
FW2428748.UP.FTS.B,
17.09%,
1/13/27
..
7,823
7,736
L2425118.UP.FTS.B,
17.11%,
1/13/27
....
5,476
5,408
FW2423151.UP.FTS.B,
17.2%,
1/13/27
...
3,444
3,401
L2424529.UP.FTS.B,
17.26%,
1/13/27
....
7,884
7,806
L2428394.UP.FTS.B,
17.4%,
1/13/27
....
4,530
4,476
FW2425055.UP.FTS.B,
17.43%,
1/13/27
..
12,855
12,694
L2426279.UP.FTS.B,
17.73%,
1/13/27
....
3,219
3,184
L2424817.UP.FTS.B,
17.78%,
1/13/27
....
10,209
10,081
L2423964.UP.FTS.B,
18.15%,
1/13/27
....
5,508
5,439
L2428498.UP.FTS.B,
18.5%,
1/13/27
....
4,061
2,330
L2428454.UP.FTS.B,
18.63%,
1/13/27
....
6,072
3,479
L2422983.UP.FTS.B,
19.45%,
1/13/27
....
22,348
22,104
L2424684.UP.FTS.B,
20.1%,
1/13/27
....
4,736
4,719
L2423758.UP.FTS.B,
20.41%,
1/13/27
....
1,547
1,526
L2405396.UP.FTS.B,
20.43%,
1/13/27
....
5,758
5,679
L2426770.UP.FTS.B,
20.84%,
1/13/27
....
11,974
11,938
FW2426815.UP.FTS.B,
21.17%,
1/13/27
..
11,945
867
FW2425922.UP.FTS.B,
21.25%,
1/13/27
..
1,429
1,413
L2425214.UP.FTS.B,
21.28%,
1/13/27
....
4,677
1,304
L2427912.UP.FTS.B,
21.34%,
1/13/27
....
800
798
FW2427047.UP.FTS.B,
22.2%,
1/13/27
...
17,526
17,474
L2428658.UP.FTS.B,
22.41%,
1/13/27
....
8,953
5,284
L2395761.UP.FTS.B,
22.53%,
1/13/27
....
24,158
24,087
L2398543.UP.FTS.B,
22.71%,
1/13/27
....
2,269
1,291
L2425900.UP.FTS.B,
23.2%,
1/13/27
....
7,110
7,089
L2422984.UP.FTS.B,
23.24%,
1/13/27
....
10,955
3,151
L2424344.UP.FTS.B,
23.87%,
1/13/27
....
818
815
L2426951.UP.FTS.B,
24.27%,
1/13/27
....
4,798
342
L2425886.UP.FTS.B,
24.76%,
1/13/27
....
4,070
4,059
L2404751.UP.FTS.B,
24.81%,
1/13/27
....
14,659
14,617
FW2427848.UP.FTS.B,
24.93%,
1/13/27
..
2,817
84
L2422250.UP.FTS.B,
25.13%,
1/13/27
....
2,529
2,521
L2423497.UP.FTS.B,
25.16%,
1/13/27
....
1,305
1,301
L2399706.UP.FTS.B,
25.18%,
1/13/27
....
11,757
11,724
L2419915.UP.FTS.B,
25.22%,
1/13/27
....
1,755
126
FW2428740.UP.FTS.B,
25.25%,
1/13/27
..
3,264
3,255
L2427647.UP.FTS.B,
25.29%,
1/13/27
....
4,734
4,720
L2427874.UP.FTS.B,
25.33%,
1/13/27
....
780
768
L2425390.UP.FTS.B,
25.36%,
1/13/27
....
2,660
191
L2426044.UP.FTS.B,
25.4%,
1/13/27
....
1,797
1,791
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2426848.UP.FTS.B,
25.4%,
1/13/27
....
$
7,419
$
7,384
L2425077.UP.FTS.B,
25.43%,
1/13/27
....
7,429
7,395
L2423795.UP.FTS.B,
25.46%,
1/13/27
....
6,051
887
L2424946.UP.FTS.B,
25.46%,
1/13/27
....
1,718
1,695
L2425747.UP.FTS.B,
25.48%,
1/13/27
....
11,934
1,710
L2424771.UP.FTS.B,
25.96%,
1/13/27
....
1,801
1,796
FW2424834.UP.FTS.B,
26.08%,
1/13/27
..
4,424
4,412
FW2425245.UP.FTS.B,
26.25%,
1/13/27
..
1,312
1,308
FW2423361.UP.FTS.B,
26.6%,
1/13/27
...
2,784
2,771
FW2426259.UP.FTS.B,
26.65%,
1/13/27
..
4,109
4,097
FW2428725.UP.FTS.B,
26.68%,
1/13/27
..
2,175
2,163
FW2428287.UP.FTS.B,
26.84%,
1/13/27
..
5,205
23
FW2425746.UP.FTS.B,
27.06%,
1/13/27
..
7,667
4,544
FW2425948.UP.FTS.B,
27.28%,
1/13/27
..
5,767
5,750
FW2424326.UP.FTS.B,
27.8%,
1/13/27
...
8,151
8,123
FW2422977.UP.FTS.B,
28.17%,
1/13/27
..
16,361
16,304
FW2424974.UP.FTS.B,
28.61%,
1/13/27
..
14,096
14,037
FW2427295.UP.FTS.B,
28.62%,
1/13/27
..
1,397
(3)
FW2423517.UP.FTS.B,
29.09%,
1/13/27
..
5,397
804
FW2422891.UP.FTS.B,
29.39%,
1/13/27
..
1,623
1,616
FW2425791.UP.FTS.B,
29.41%,
1/13/27
..
2,557
2,545
FW2426907.UP.FTS.B,
29.43%,
1/13/27
..
34,254
34,092
FW2427306.UP.FTS.B,
29.68%,
1/13/27
..
1,181
1,177
FW2423451.UP.FTS.B,
30.19%,
1/13/27
..
835
832
FW2426985.UP.FTS.B,
30.26%,
1/13/27
..
27,707
27,609
FW2427875.UP.FTS.B,
30.3%,
1/13/27
...
835
833
FW2423548.UP.FTS.B,
30.41%,
1/13/27
..
2,172
2,166
FW2425371.UP.FTS.B,
30.51%,
1/13/27
..
1,671
1,667
FW2423407.UP.FTS.B,
30.57%,
1/13/27
..
1,923
1,918
FW2424742.UP.FTS.B,
30.86%,
1/13/27
..
1,232
1,222
FW2425795.UP.FTS.B,
30.94%,
1/13/27
..
3,440
2,045
FW2425961.UP.FTS.B,
31.09%,
1/13/27
..
921
919
FW2427636.UP.FTS.B,
31.15%,
1/13/27
..
5,044
739
FW2426510.UP.FTS.B,
31.33%,
1/13/27
..
3,225
1,915
FW2423715.UP.FTS.B,
32.57%,
1/13/27
..
843
841
FW2432124.UP.FTS.B,
5.02%,
1/14/27
...
36,283
35,978
L2429437.UP.FTS.B,
5.17%,
1/14/27
....
8,717
8,644
L2435082.UP.FTS.B,
5.24%,
1/14/27
....
19,695
19,530
L2429367.UP.FTS.B,
5.33%,
1/14/27
....
4,384
4,343
L2435136.UP.FTS.B,
5.4%,
1/14/27
.....
7,639
7,575
L2435334.UP.FTS.B,
5.79%,
1/14/27
....
2,262
2,243
L2431631.UP.FTS.B,
5.94%,
1/14/27
....
870
862
L2428794.UP.FTS.B,
5.98%,
1/14/27
....
10,956
10,865
L2432641.UP.FTS.B,
5.99%,
1/14/27
....
7,305
7,244
FW2431037.UP.FTS.B,
6.01%,
1/14/27
...
2,923
2,898
FW2434481.UP.FTS.B,
6.18%,
1/14/27
...
6,950
6,892
L2434868.UP.FTS.B,
6.25%,
1/14/27
....
8,049
7,983
L2433278.UP.FTS.B,
6.42%,
1/14/27
....
10,254
10,170
L2434814.UP.FTS.B,
6.49%,
1/14/27
....
1,906
1,890
L2432301.UP.FTS.B,
6.51%,
1/14/27
....
3,665
3,635
L2431798.UP.FTS.B,
6.68%,
1/14/27
....
10,364
10,278
FW2429354.UP.FTS.B,
6.79%,
1/14/27
...
36,439
36,139
FW2430872.UP.FTS.B,
6.87%,
1/14/27
...
2,571
2,550
L2432901.UP.FTS.B,
6.93%,
1/14/27
....
13,955
13,841
FW2430681.UP.FTS.B,
7.21%,
1/14/27
...
23,551
23,359
L2431865.UP.FTS.B,
7.24%,
1/14/27
....
12,523
12,421
L2429292.UP.FTS.B,
7.41%,
1/14/27
....
8,849
8,769
L2432353.UP.FTS.B,
7.41%,
1/14/27
....
14,749
14,615
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
114
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2430454.UP.FTS.B,
7.62%,
1/14/27
....
$
10,199
$
10,105
L2433097.UP.FTS.B,
7.62%,
1/14/27
....
28,592
28,332
L2434635.UP.FTS.B,
7.74%,
1/14/27
....
15,667
15,525
L2433991.UP.FTS.B,
7.94%,
1/14/27
....
5,046
5,000
L2435013.UP.FTS.B,
8.08%,
1/14/27
....
7,407
7,340
L2429715.UP.FTS.B,
8.3%,
1/14/27
.....
2,967
2,941
L2434529.UP.FTS.B,
8.37%,
1/14/27
....
5,195
5,148
L2430462.UP.FTS.B,
8.4%,
1/14/27
.....
18,558
18,391
L2435208.UP.FTS.B,
8.4%,
1/14/27
.....
33,352
33,051
L2432009.UP.FTS.B,
8.47%,
1/14/27
....
16,290
1,187
L2429477.UP.FTS.B,
8.93%,
1/14/27
....
10,352
10,260
L2429964.UP.FTS.B,
9.01%,
1/14/27
....
3,726
3,693
L2429979.UP.FTS.B,
9.08%,
1/14/27
....
2,237
2,217
L2429404.UP.FTS.B,
9.12%,
1/14/27
....
37,286
36,953
L2430465.UP.FTS.B,
9.43%,
1/14/27
....
11,209
11,110
L2432796.UP.FTS.B,
9.5%,
1/14/27
.....
1,866
1,849
L2432514.UP.FTS.B,
9.62%,
1/14/27
....
26,185
25,952
L2434796.UP.FTS.B,
9.68%,
1/14/27
....
18,709
18,543
L2434345.UP.FTS.B,
9.69%,
1/14/27
....
6,922
6,856
L2434787.UP.FTS.B,
9.78%,
1/14/27
....
2,180
2,160
FW2431901.UP.FTS.B,
9.92%,
1/14/27
...
8,413
8,323
L2434222.UP.FTS.B,
9.93%,
1/14/27
....
8,107
591
L2434832.UP.FTS.B,
9.93%,
1/14/27
....
5,111
1,278
L2435560.UP.FTS.B,
10.15%,
1/14/27
....
20,831
10,769
FW2433055.UP.FTS.B,
10.82%,
1/14/27
..
2,640
2,612
L2403095.UP.FTS.B,
10.86%,
1/14/27
....
6,391
6,329
L2431423.UP.FTS.B,
11.01%,
1/14/27
....
2,264
2,242
L2430601.UP.FTS.B,
11.3%,
1/14/27
.....
13,233
13,104
FW2432645.UP.FTS.B,
11.94%,
1/14/27
..
4,934
4,887
L2435214.UP.FTS.B,
12.31%,
1/14/27
....
5,074
370
FW2433199.UP.FTS.B,
12.56%,
1/14/27
..
2,286
2,264
L2431067.UP.FTS.B,
12.57%,
1/14/27
....
4,564
4,520
L2429992.UP.FTS.B,
12.6%,
1/14/27
....
3,919
3,879
L2434462.UP.FTS.B,
12.63%,
1/14/27
....
1,553
826
FW2432090.UP.FTS.B,
12.83%,
1/14/27
..
4,960
4,913
L2435380.UP.FTS.B,
12.98%,
1/14/27
....
4,171
4,130
FW2434494.UP.FTS.B,
12.99%,
1/14/27
..
3,962
1,007
FW2430692.UP.FTS.B,
13.13%,
1/14/27
..
6,881
6,815
L2434966.UP.FTS.B,
13.37%,
1/14/27
....
7,675
7,596
L2434354.UP.FTS.B,
13.48%,
1/14/27
....
3,831
3,794
L2433923.UP.FTS.B,
13.81%,
1/14/27
....
7,630
7,557
L2430593.UP.FTS.B,
13.89%,
1/14/27
....
7,734
7,656
L2435102.UP.FTS.B,
15.04%,
1/14/27
....
11,612
11,494
FW2429622.UP.FTS.B,
15.13%,
1/14/27
..
3,873
3,833
L2434928.UP.FTS.B,
15.16%,
1/14/27
....
3,869
3,832
L2432300.UP.FTS.B,
15.27%,
1/14/27
....
338
334
L2431842.UP.FTS.B,
15.8%,
1/14/27
....
33,677
2,409
FW2435291.UP.FTS.B,
16.08%,
1/14/27
..
34,707
34,376
FW2428845.UP.FTS.B,
16.32%,
1/14/27
..
8,185
2,198
L2429267.UP.FTS.B,
16.52%,
1/14/27
....
7,828
7,734
FW2435527.UP.FTS.B,
16.65%,
1/14/27
..
14,299
14,130
L2429626.UP.FTS.B,
16.81%,
1/14/27
....
3,124
3,091
L2434502.UP.FTS.B,
17.17%,
1/14/27
....
13,176
7,553
L2435410.UP.FTS.B,
17.3%,
1/14/27
....
9,466
9,354
L2432699.UP.FTS.B,
17.44%,
1/14/27
....
4,311
4,264
L2434046.UP.FTS.B,
17.57%,
1/14/27
....
7,452
7,383
L2432494.UP.FTS.B,
18.24%,
1/14/27
....
3,205
232
L2426379.UP.FTS.B,
19.1%,
1/14/27
....
4,351
4,304
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2429755.UP.FTS.B,
19.15%,
1/14/27
....
$
11,868
$
11,835
L2435425.UP.FTS.B,
19.56%,
1/14/27
....
5,059
734
FW2430438.UP.FTS.B,
20.15%,
1/14/27
..
3,113
3,070
L2430606.UP.FTS.B,
20.16%,
1/14/27
....
10,421
10,294
L2434674.UP.FTS.B,
20.19%,
1/14/27
....
32,030
31,725
L2430735.UP.FTS.B,
20.49%,
1/14/27
....
5,769
3,413
L2434166.UP.FTS.B,
20.69%,
1/14/27
....
31,904
31,516
L2428990.UP.FTS.B,
21.05%,
1/14/27
....
15,982
15,939
L2431627.UP.FTS.B,
21.05%,
1/14/27
....
7,992
7,907
L2434076.UP.FTS.B,
21.06%,
1/14/27
....
8,490
221
FW2431803.UP.FTS.B,
21.19%,
1/14/27
..
3,119
3,081
L2435241.UP.FTS.B,
21.3%,
1/14/27
....
5,342
5,283
L2429653.UP.FTS.B,
21.57%,
1/14/27
....
5,689
412
L2434141.UP.FTS.B,
21.61%,
1/14/27
....
3,126
3,088
L2434159.UP.FTS.B,
21.72%,
1/14/27
....
1,208
1,203
L2432761.UP.FTS.B,
21.77%,
1/14/27
....
2,011
1,987
L2434330.UP.FTS.B,
21.77%,
1/14/27
....
7,219
7,143
L2432647.UP.FTS.B,
21.91%,
1/14/27
....
2,894
2,854
L2433930.UP.FTS.B,
22.17%,
1/14/27
....
8,680
8,657
L2428923.UP.FTS.B,
22.2%,
1/14/27
....
9,064
2,600
L2433523.UP.FTS.B,
22.41%,
1/14/27
....
11,289
11,238
L2433884.UP.FTS.B,
22.52%,
1/14/27
....
4,013
3,964
L2432854.UP.FTS.B,
22.72%,
1/14/27
....
9,735
9,605
L2432010.UP.FTS.B,
22.75%,
1/14/27
....
24,182
24,120
FW2433245.UP.FTS.B,
22.87%,
1/14/27
..
5,768
413
FW2434152.UP.FTS.B,
22.94%,
1/14/27
..
12,990
12,956
FW2429090.UP.FTS.B,
23%,
1/14/27
....
2,581
185
L2429502.UP.FTS.B,
23.45%,
1/14/27
....
1,799
1,792
L2429998.UP.FTS.B,
23.47%,
1/14/27
....
21,260
509
L2430627.UP.FTS.B,
24.59%,
1/14/27
....
8,072
8,049
L2435514.UP.FTS.B,
24.62%,
1/14/27
....
8,137
8,117
FW2434137.UP.FTS.B,
24.72%,
1/14/27
..
24,122
3,530
L2429435.UP.FTS.B,
24.72%,
1/14/27
....
10,199
1,469
L2429892.UP.FTS.B,
24.74%,
1/14/27
....
1,547
1,543
L2430498.UP.FTS.B,
25.11%,
1/14/27
....
906
902
L2432911.UP.FTS.B,
25.19%,
1/14/27
....
4,337
4,321
L2434103.UP.FTS.B,
25.19%,
1/14/27
....
988
985
L2429348.UP.FTS.B,
25.22%,
1/14/27
....
4,425
314
L2428592.UP.FTS.B,
25.23%,
1/14/27
....
2,071
1,187
L2431333.UP.FTS.B,
25.27%,
1/14/27
....
918
910
L2432337.UP.FTS.B,
25.36%,
1/14/27
....
10,527
10,411
L2428819.UP.FTS.B,
25.51%,
1/14/27
....
7,599
7,580
L2430801.UP.FTS.B,
25.58%,
1/14/27
....
604
43
L2429739.UP.FTS.B,
25.61%,
1/14/27
....
2,162
2,151
L2430189.UP.FTS.B,
25.96%,
1/14/27
....
5,160
5,141
L2434122.UP.FTS.B,
25.98%,
1/14/27
....
3,264
3,225
FW2427919.UP.FTS.B,
26.2%,
1/14/27
...
8,197
8,176
FW2429601.UP.FTS.B,
26.35%,
1/14/27
..
7,535
52
FW2433321.UP.FTS.B,
26.46%,
1/14/27
..
1,641
1,637
FW2430722.UP.FTS.B,
26.47%,
1/14/27
..
9,684
9,660
FW2434298.UP.FTS.B,
26.5%,
1/14/27
...
2,696
2,689
FW2433285.UP.FTS.B,
26.57%,
1/14/27
..
6,368
6,344
FW2428882.UP.FTS.B,
27.27%,
1/14/27
..
4,935
4,922
FW2434057.UP.FTS.B,
27.5%,
1/14/27
...
2,692
190
FW2430797.UP.FTS.B,
27.91%,
1/14/27
..
20,289
26
FW2435389.UP.FTS.B,
28.43%,
1/14/27
..
828
826
FW2435458.UP.FTS.B,
28.74%,
1/14/27
..
4,089
4,075
FW2429440.UP.FTS.B,
28.89%,
1/14/27
..
4,255
4,190
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
115
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2429972.UP.FTS.B,
28.92%,
1/14/27
..
$
1,660
$
1,656
FW2432969.UP.FTS.B,
29.06%,
1/14/27
..
8,304
8,284
FW2431137.UP.FTS.B,
29.79%,
1/14/27
..
4,166
4,156
FW2435220.UP.FTS.B,
30.47%,
1/14/27
..
2,564
1,520
FW2429314.UP.FTS.B,
30.55%,
1/14/27
..
1,275
1,269
FW2431660.UP.FTS.B,
30.55%,
1/14/27
..
9,651
9,611
FW2434437.UP.FTS.B,
30.78%,
1/14/27
..
1,674
1,670
FW2432136.UP.FTS.B,
30.97%,
1/14/27
..
984
981
FW2431224.UP.FTS.B,
31.01%,
1/14/27
..
1,724
500
FW2434725.UP.FTS.B,
31.06%,
1/14/27
..
2,685
2,679
FW2431217.UP.FTS.B,
31.18%,
1/14/27
..
4,945
4,933
FW2434470.UP.FTS.B,
31.22%,
1/14/27
..
2,035
142
FW2430090.UP.FTS.B,
31.24%,
1/14/27
..
409
402
FW2435248.UP.FTS.B,
31.26%,
1/14/27
..
4,489
4,473
FW2434302.UP.FTS.B,
31.74%,
1/14/27
..
2,940
2,933
FW2430671.UP.FTS.B,
32%,
1/14/27
....
1,902
134
FW2432424.UP.FTS.B,
32.08%,
1/14/27
..
2,622
185
FW2430067.UP.FTS.B,
32.35%,
1/14/27
..
4,127
4,117
FW2433366.UP.FTS.B,
32.7%,
1/14/27
...
1,386
1,373
FW2435168.UP.FTS.B,
33.41%,
1/14/27
..
1,549
228
FW2429192.UP.FTS.B,
34.62%,
1/14/27
..
5,609
5,596
L2426521.UP.FTS.B,
25.33%,
1/16/27
....
2,863
2,855
L2435572.UP.FTS.B,
5.11%,
1/18/27
.....
5,812
5,761
L2437289.UP.FTS.B,
5.21%,
1/18/27
....
14,531
14,407
L2438850.UP.FTS.B,
5.32%,
1/18/27
....
7,697
7,624
FW2437117.UP.FTS.B,
5.57%,
1/18/27
...
8,739
8,665
L2435960.UP.FTS.B,
5.66%,
1/18/27
....
2,915
2,890
L2437744.UP.FTS.B,
5.82%,
1/18/27
....
2,549
2,527
L2436076.UP.FTS.B,
6.4%,
1/18/27
.....
7,789
1,030
L2436314.UP.FTS.B,
6.73%,
1/18/27
....
6,342
5,948
L2437712.UP.FTS.B,
7.07%,
1/18/27
....
4,153
4,117
L2436166.UP.FTS.B,
7.3%,
1/18/27
.....
7,369
7,307
L2437375.UP.FTS.B,
7.41%,
1/18/27
....
11,062
10,969
FW2435037.UP.FTS.B,
7.47%,
1/18/27
...
10,502
9,851
FW2435774.UP.FTS.B,
7.71%,
1/18/27
...
2,263
2,124
L2437526.UP.FTS.B,
8.11%,
1/18/27
.....
4,001
3,964
L2435968.UP.FTS.B,
8.28%,
1/18/27
....
37,083
36,744
L2437670.UP.FTS.B,
8.31%,
1/18/27
....
3,697
3,663
L2435758.UP.FTS.B,
8.38%,
1/18/27
....
4,824
4,780
FW2437100.UP.FTS.B,
8.44%,
1/18/27
...
4,546
4,265
FW2435979.UP.FTS.B,
8.48%,
1/18/27
...
14,798
1,083
L2438360.UP.FTS.B,
8.62%,
1/18/27
....
12,650
12,528
FW2436679.UP.FTS.B,
8.8%,
1/18/27
....
3,721
3,687
L2436019.UP.FTS.B,
8.91%,
1/18/27
....
4,096
4,059
FW2436236.UP.FTS.B,
9.07%,
1/18/27
...
1,715
1,699
L2436597.UP.FTS.B,
9.15%,
1/18/27
....
3,729
3,695
L2439024.UP.FTS.B,
9.19%,
1/18/27
....
37,161
36,820
FW2437428.UP.FTS.B,
9.23%,
1/18/27
...
3,111
3,081
FW2438526.UP.FTS.B,
9.32%,
1/18/27
...
4,836
305
L2439293.UP.FTS.B,
9.38%,
1/18/27
....
3,735
3,701
L2436825.UP.FTS.B,
9.41%,
1/18/27
....
32,872
32,573
L2435641.UP.FTS.B,
9.42%,
1/18/27
....
11,223
11,116
FW2437343.UP.FTS.B,
9.49%,
1/18/27
...
4,485
4,444
L2436109.UP.FTS.B,
9.68%,
1/18/27
....
37,270
36,929
L2438805.UP.FTS.B,
9.71%,
1/18/27
....
8,609
8,531
L2438298.UP.FTS.B,
9.72%,
1/18/27
....
11,259
11,152
L2438087.UP.FTS.B,
9.91%,
1/18/27
....
35,225
34,905
L2405316.UP.FTS.B,
10.34%,
1/18/27
....
1,579
217
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2435766.UP.FTS.B,
10.44%,
1/18/27
....
$
8,648
$
8,569
L2435811.UP.FTS.B,
10.45%,
1/18/27
....
30,826
28,918
L2435930.UP.FTS.B,
10.61%,
1/18/27
....
717
37
FW2435900.UP.FTS.B,
11.42%,
1/18/27
..
4,086
4,046
L2437164.UP.FTS.B,
11.6%,
1/18/27
.....
4,545
4,500
L2437916.UP.FTS.B,
11.63%,
1/18/27
....
3,788
3,751
L2435975.UP.FTS.B,
12.06%,
1/18/27
....
4,700
4,413
L2431628.UP.FTS.B,
12.97%,
1/18/27
....
11,455
11,343
L2437498.UP.FTS.B,
13%,
1/18/27
......
38,199
37,827
FW2436712.UP.FTS.B,
13.19%,
1/18/27
..
21,414
21,206
L2436053.UP.FTS.B,
13.19%,
1/18/27
....
34,415
34,080
L2435800.UP.FTS.B,
13.45%,
1/18/27
....
1,244
1,227
FW2438200.UP.FTS.B,
13.65%,
1/18/27
..
630
622
L2436944.UP.FTS.B,
13.68%,
1/18/27
....
23,017
22,793
L2438233.UP.FTS.B,
13.97%,
1/18/27
....
38,421
38,048
FW2435953.UP.FTS.B,
14.04%,
1/18/27
..
2,690
2,664
FW2386556.UP.FTS.B,
14.67%,
1/18/27
..
20,754
20,553
L2435828.UP.FTS.B,
15.11%,
1/18/27
....
7,735
7,660
L2436170.UP.FTS.B,
15.51%,
1/18/27
....
4,282
312
FW2437715.UP.FTS.B,
16.25%,
1/18/27
..
20,336
2,908
L2436120.UP.FTS.B,
16.49%,
1/18/27
....
2,339
2,314
FW2437419.UP.FTS.B,
16.93%,
1/18/27
..
11,723
11,610
L2437345.UP.FTS.B,
17.3%,
1/18/27
....
8,631
8,527
L2436235.UP.FTS.B,
19.1%,
1/18/27
....
3,562
3,518
FW2433283.UP.FTS.B,
19.48%,
1/18/27
..
3,960
3,917
L2431623.UP.FTS.B,
19.58%,
1/18/27
....
30,617
30,285
L2437522.UP.FTS.B,
20.01%,
1/18/27
....
1,192
1,178
L2436835.UP.FTS.B,
20.74%,
1/18/27
....
11,968
11,938
L2437784.UP.FTS.B,
21.86%,
1/18/27
....
8,465
609
L2438983.UP.FTS.B,
22.44%,
1/18/27
....
31,295
31,170
L2438751.UP.FTS.B,
22.96%,
1/18/27
....
4,823
4,810
L2436458.UP.FTS.B,
23.16%,
1/18/27
....
1,603
1,598
L2435681.UP.FTS.B,
23.28%,
1/18/27
....
1,708
32
FW2436112.UP.FTS.B,
23.4%,
1/18/27
...
2,830
2,823
L2436533.UP.FTS.B,
23.74%,
1/18/27
....
9,720
9,695
L2439317.UP.FTS.B,
24.04%,
1/18/27
....
859
14
L2435765.UP.FTS.B,
24.15%,
1/18/27
....
1,299
1,295
L2438451.UP.FTS.B,
24.73%,
1/18/27
....
5,795
5,766
L2436225.UP.FTS.B,
25.02%,
1/18/27
....
1,211
1,207
L2437383.UP.FTS.B,
25.04%,
1/18/27
....
9,782
9,756
L2435949.UP.FTS.B,
25.18%,
1/18/27
....
1,037
1,021
L2438923.UP.FTS.B,
25.2%,
1/18/27
....
1,632
1,627
L2435111.UP.FTS.B,
25.27%,
1/18/27
....
1,632
1,628
L2437834.UP.FTS.B,
25.39%,
1/18/27
....
9,544
232
FW2437643.UP.FTS.B,
25.44%,
1/18/27
..
14,665
14,624
L2435585.UP.FTS.B,
25.45%,
1/18/27
....
1,044
1,036
L2435792.UP.FTS.B,
25.45%,
1/18/27
....
2,073
1,950
L2435644.UP.FTS.B,
25.47%,
1/18/27
....
10,292
10,265
L2435936.UP.FTS.B,
25.47%,
1/18/27
....
1,634
1,629
L2436279.UP.FTS.B,
25.97%,
1/18/27
....
3,320
3,309
FW2439188.UP.FTS.B,
26.09%,
1/18/27
..
7,016
6,955
FW2437462.UP.FTS.B,
26.24%,
1/18/27
..
40,993
40,884
FW2435944.UP.FTS.B,
26.26%,
1/18/27
..
3,211
3,197
L2436823.UP.FTS.B,
26.4%,
1/18/27
....
3,200
3,191
FW2435703.UP.FTS.B,
27.19%,
1/18/27
..
1,235
1,220
FW2438660.UP.FTS.B,
27.49%,
1/18/27
..
3,299
3,291
FW2437301.UP.FTS.B,
28.28%,
1/18/27
..
23,679
23,568
FW2436660.UP.FTS.B,
28.46%,
1/18/27
..
3,319
3,304
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
116
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2435922.UP.FTS.B,
28.48%,
1/18/27
..
$
3,314
$
3,305
FW2438088.UP.FTS.B,
28.61%,
1/18/27
..
4,035
3,837
FW2435573.UP.FTS.B,
28.71%,
1/18/27
..
8,208
10
FW2437152.UP.FTS.B,
29.32%,
1/18/27
..
6,567
980
FW2438349.UP.FTS.B,
30.51%,
1/18/27
..
1,309
1,301
FW2436417.UP.FTS.B,
30.84%,
1/18/27
..
5,042
5,020
FW2437431.UP.FTS.B,
30.95%,
1/18/27
..
1,500
1,495
FW2437637.UP.FTS.B,
31.11%,
1/18/27
..
1,424
1,420
FW2435617.UP.FTS.B,
31.17%,
1/18/27
..
4,902
4,869
FW2437284.UP.FTS.B,
31.34%,
1/18/27
..
1,242
1,238
FW2424349.UP.FTS.B,
31.49%,
1/18/27
..
2,602
2,595
FW2438118.UP.FTS.B,
31.57%,
1/18/27
..
6,884
6,864
FW2438330.UP.FTS.B,
31.74%,
1/18/27
..
3,024
3,016
FW2437025.UP.FTS.B,
32.34%,
1/18/27
..
4,249
298
FW2423642.UP.FTS.B,
28.44%,
1/22/27
..
3,336
3,328
L2433080.UP.FTS.B,
22.02%,
1/24/27
....
12,766
12,737
FW2438645.UP.FTS.B,
31.19%,
1/26/27
..
2,737
2,725
L2433980.UP.FTS.B,
21.4%,
1/28/27
....
3,228
3,190
L2604537.UP.FTS.B,
4.81%,
2/10/27
....
16,140
16,002
L2607506.UP.FTS.B,
5.59%,
2/10/27
....
37,202
36,887
FW2607187.UP.FTS.B,
7.26%,
2/10/27
...
30,079
29,789
L2528315.UP.FTS.B,
7.51%,
2/10/27
....
8,661
8,578
L2604772.UP.FTS.B,
7.89%,
2/10/27
....
20,458
20,262
L2608785.UP.FTS.B,
8.52%,
2/10/27
....
10,989
10,884
L2609006.UP.FTS.B,
8.83%,
2/10/27
....
6,953
3,572
FW2594995.UP.FTS.B,
9.66%,
2/10/27
...
22,129
21,920
L2607571.UP.FTS.B,
9.71%,
2/10/27
....
15,266
15,121
L2606288.UP.FTS.B,
9.78%,
2/10/27
....
5,546
5,489
L2604523.UP.FTS.B,
10.02%,
2/10/27
....
13,427
13,296
L2608678.UP.FTS.B,
11.38%,
2/10/27
....
3,474
3,433
L2608808.UP.FTS.B,
11.45%,
2/10/27
....
1,403
1,383
L2603278.UP.FTS.B,
11.56%,
2/10/27
....
4,475
4,424
L2606699.UP.FTS.B,
11.87%,
2/10/27
....
18,546
18,346
L2608120.UP.FTS.B,
12.12%,
2/10/27
....
20,824
20,600
L2606144.UP.FTS.B,
12.19%,
2/10/27
....
3,564
3,515
L2602160.UP.FTS.B,
13.05%,
2/10/27
....
6,615
6,544
L2606798.UP.FTS.B,
13.38%,
2/10/27
....
7,797
7,714
L2605310.UP.FTS.B,
13.4%,
2/10/27
....
5,227
5,171
L2604725.UP.FTS.B,
13.41%,
2/10/27
....
2,578
2,549
L2608712.UP.FTS.B,
13.54%,
2/10/27
....
3,122
3,088
L2607120.UP.FTS.B,
13.67%,
2/10/27
....
13,558
13,405
L2607960.UP.FTS.B,
13.74%,
2/10/27
....
5,859
5,797
FW2604743.UP.FTS.B,
13.75%,
2/10/27
..
10,156
10,048
L2581968.UP.FTS.B,
13.8%,
2/10/27
....
8,592
8,498
FW2606882.UP.FTS.B,
13.95%,
2/10/27
..
6,257
6,190
FW2605016.UP.FTS.B,
14.07%,
2/10/27
..
13,276
956
L2560503.UP.FTS.B,
14.15%,
2/10/27
....
19,576
19,367
FW2608211.UP.FTS.B,
14.17%,
2/10/27
..
23,492
23,241
L2607639.UP.FTS.B,
14.65%,
2/10/27
....
25,047
24,780
L2603034.UP.FTS.B,
14.68%,
2/10/27
....
8,167
8,062
FW2606203.UP.FTS.B,
14.78%,
2/10/27
..
2,514
2,488
FW2602616.UP.FTS.B,
14.79%,
2/10/27
..
39,299
38,880
L2603660.UP.FTS.B,
14.88%,
2/10/27
....
6,815
6,739
FW2608870.UP.FTS.B,
15.02%,
2/10/27
..
11,756
11,630
FW2607554.UP.FTS.B,
15.11%,
2/10/27
..
4,347
188
L2602863.UP.FTS.B,
15.13%,
2/10/27
....
3,149
3,108
FW2602511.UP.FTS.B,
15.19%,
2/10/27
..
22,207
21,971
L2605446.UP.FTS.B,
15.44%,
2/10/27
....
3,470
3,425
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2599419.UP.FTS.B,
15.54%,
2/10/27
....
$
14,202
$
14,019
L2608264.UP.FTS.B,
15.55%,
2/10/27
....
20,185
11,215
L2606023.UP.FTS.B,
15.7%,
2/10/27
....
3,159
3,125
L2602901.UP.FTS.B,
15.85%,
2/10/27
....
6,002
5,918
L2609082.UP.FTS.B,
16.06%,
2/10/27
....
16,683
16,506
L2609598.UP.FTS.B,
16.23%,
2/10/27
....
11,880
11,727
L2603136.UP.FTS.B,
17.13%,
2/10/27
....
15,915
15,711
L2606954.UP.FTS.B,
17.42%,
2/10/27
....
2,881
768
L2604751.UP.FTS.B,
17.73%,
2/10/27
....
798
788
FW2609494.UP.FTS.B,
18.3%,
2/10/27
...
4,003
3,951
FW2607843.UP.FTS.B,
18.35%,
2/10/27
..
6,185
6,100
FW2606517.UP.FTS.B,
18.44%,
2/10/27
..
6,480
6,392
FW2603450.UP.FTS.B,
19.07%,
2/10/27
..
9,563
9,441
FW2606893.UP.FTS.B,
19.31%,
2/10/27
..
3,997
3,936
FW2604033.UP.FTS.B,
19.37%,
2/10/27
..
7,887
7,771
FW2607400.UP.FTS.B,
19.48%,
2/10/27
..
1,713
49
L2608142.UP.FTS.B,
19.78%,
2/10/27
....
7,016
6,977
L2609196.UP.FTS.B,
20.26%,
2/10/27
....
4,851
4,780
L2607782.UP.FTS.B,
20.62%,
2/10/27
....
2,541
2,521
L2607501.UP.FTS.B,
20.9%,
2/10/27
....
4,866
4,838
L2580476.UP.FTS.B,
20.98%,
2/10/27
....
1,906
1,871
FW2607597.UP.FTS.B,
21.25%,
2/10/27
..
1,787
1,761
L2604520.UP.FTS.B,
21.28%,
2/10/27
....
819
114
FW2601053.UP.FTS.B,
21.37%,
2/10/27
..
1,220
1,202
L2609346.UP.FTS.B,
21.52%,
2/10/27
....
17,079
16,827
L2603922.UP.FTS.B,
21.73%,
2/10/27
....
4,478
4,453
L2608576.UP.FTS.B,
21.77%,
2/10/27
....
3,420
3,401
FW2603891.UP.FTS.B,
21.96%,
2/10/27
..
14,558
1,049
L2608126.UP.FTS.B,
22.06%,
2/10/27
....
3,926
3,897
L2607211.UP.FTS.B,
22.39%,
2/10/27
....
2,567
373
FW2607078.UP.FTS.B,
22.55%,
2/10/27
..
2,534
2,519
FW2608208.UP.FTS.B,
22.58%,
2/10/27
..
8,992
8,941
L2604735.UP.FTS.B,
22.59%,
2/10/27
....
15,746
4,357
L2602456.UP.FTS.B,
22.85%,
2/10/27
....
6,548
6,511
L2608552.UP.FTS.B,
22.9%,
2/10/27
....
2,475
2,458
L2608111.UP.FTS.B,
23.17%,
2/10/27
....
13,197
13,123
FW2603295.UP.FTS.B,
23.18%,
2/10/27
..
8,197
8,151
L2605681.UP.FTS.B,
23.22%,
2/10/27
....
4,100
4,076
L2603641.UP.FTS.B,
23.37%,
2/10/27
....
3,118
3,100
L2606964.UP.FTS.B,
23.53%,
2/10/27
....
821
817
L2606750.UP.FTS.B,
23.58%,
2/10/27
....
1,791
128
L2606747.UP.FTS.B,
23.7%,
2/10/27
....
8,137
8,086
L2604424.UP.FTS.B,
24.29%,
2/10/27
....
8,104
8,045
L2604262.UP.FTS.B,
24.39%,
2/10/27
....
4,122
4,098
FW2605000.UP.FTS.B,
24.47%,
2/10/27
..
4,535
4,510
L2601898.UP.FTS.B,
24.69%,
2/10/27
....
1,156
1,149
L2608693.UP.FTS.B,
24.99%,
2/10/27
....
1,323
1,315
L2608510.UP.FTS.B,
25%,
2/10/27
......
1,653
1,644
L2605594.UP.FTS.B,
25.02%,
2/10/27
....
2,315
2,301
L2603919.UP.FTS.B,
25.13%,
2/10/27
....
975
(8)
L2604053.UP.FTS.B,
25.25%,
2/10/27
....
1,572
1,564
L2606928.UP.FTS.B,
25.27%,
2/10/27
....
1,738
1,712
L2607974.UP.FTS.B,
25.3%,
2/10/27
....
7,697
7,654
L2609551.UP.FTS.B,
25.3%,
2/10/27
....
2,153
2,140
FW2604982.UP.FTS.B,
25.32%,
2/10/27
..
13,100
105
FW2609019.UP.FTS.B,
25.41%,
2/10/27
..
4,557
4,532
L2572476.UP.FTS.B,
25.45%,
2/10/27
....
11,664
11,597
L2609282.UP.FTS.B,
25.49%,
2/10/27
....
5,899
424
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
117
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2608348.UP.FTS.B,
25.54%,
2/10/27
....
$
4,973
$
4,945
L2603713.UP.FTS.B,
25.81%,
2/10/27
....
2,872
2,854
FW2604813.UP.FTS.B,
25.83%,
2/10/27
..
5,807
5,775
L2586417.UP.FTS.B,
25.9%,
2/10/27
....
8,050
8,005
FW2606426.UP.FTS.B,
26.19%,
2/10/27
..
2,884
2,866
FW2604860.UP.FTS.B,
26.47%,
2/10/27
..
4,575
4,549
FW2607306.UP.FTS.B,
26.66%,
2/10/27
..
2,498
2,484
FW2608671.UP.FTS.B,
26.81%,
2/10/27
..
8,574
5,060
FW2607888.UP.FTS.B,
27.06%,
2/10/27
..
10,777
10,712
L2604862.UP.FTS.B,
27.57%,
2/10/27
....
8,526
8,477
FW2605155.UP.FTS.B,
27.62%,
2/10/27
..
2,250
159
FW2603425.UP.FTS.B,
27.81%,
2/10/27
..
2,901
2,883
FW2607049.UP.FTS.B,
28.08%,
2/10/27
..
1,592
1,583
FW2608113.UP.FTS.B,
28.22%,
2/10/27
..
2,753
2,724
FW2605555.UP.FTS.B,
29.52%,
2/10/27
..
1,938
1,927
FW2607282.UP.FTS.B,
30.52%,
2/10/27
..
5,188
5,147
FW2607815.UP.FTS.B,
31.17%,
2/10/27
..
2,218
635
FW2606754.UP.FTS.B,
31.29%,
2/10/27
..
3,225
3,206
FW2606293.UP.FTS.B,
31.31%,
2/10/27
..
4,402
631
FW2607854.UP.FTS.B,
31.49%,
2/10/27
..
5,096
5,067
FW2604730.UP.FTS.B,
31.73%,
2/10/27
..
6,571
6,523
L2610465.UP.FTS.B,
5.18%,
2/11/27
.....
18,552
18,395
L2612729.UP.FTS.B,
6.04%,
2/11/27
.....
11,068
10,975
L2570795.UP.FTS.B,
6.48%,
2/11/27
.....
7,473
7,411
L2610259.UP.FTS.B,
6.78%,
2/11/27
.....
4,648
4,609
FW2614143.UP.FTS.B,
6.93%,
2/11/27
...
3,002
2,977
L2588879.UP.FTS.B,
7.55%,
2/11/27
.....
1,130
1,121
L2611556.UP.FTS.B,
8.27%,
2/11/27
.....
6,668
6,596
L2610842.UP.FTS.B,
9.27%,
2/11/27
.....
8,526
8,446
L2613434.UP.FTS.B,
9.37%,
2/11/27
.....
11,366
11,258
FW2610585.UP.FTS.B,
9.75%,
2/11/27
...
19,052
18,873
L2614166.UP.FTS.B,
10.03%,
2/11/27
....
2,676
2,651
L2611172.UP.FTS.B,
10.14%,
2/11/27
....
2,296
2,271
FW2612347.UP.FTS.B,
10.88%,
2/11/27
..
30,865
30,513
L2611011.UP.FTS.B,
11.03%,
2/11/27
....
12,453
12,320
FW2613043.UP.FTS.B,
11.2%,
2/11/27
...
9,856
9,751
L2610880.UP.FTS.B,
11.35%,
2/11/27
....
7,707
7,625
L2615397.UP.FTS.B,
11.54%,
2/11/27
....
5,401
5,343
L2615183.UP.FTS.B,
12.14%,
2/11/27
....
9,290
9,191
FW2614588.UP.FTS.B,
12.34%,
2/11/27
..
6,530
476
L2615652.UP.FTS.B,
12.4%,
2/11/27
.....
3,257
3,222
FW2612477.UP.FTS.B,
12.41%,
2/11/27
..
11,631
11,508
L2612452.UP.FTS.B,
12.6%,
2/11/27
.....
8,697
4,608
L2614583.UP.FTS.B,
12.97%,
2/11/27
....
8,557
8,466
FW2604554.UP.FTS.B,
13.07%,
2/11/27
..
15,924
8,448
FW2615345.UP.FTS.B,
13.1%,
2/11/27
...
7,935
7,842
L2615756.UP.FTS.B,
13.21%,
2/11/27
....
3,608
3,567
L2614367.UP.FTS.B,
13.3%,
2/11/27
.....
4,989
4,936
L2612579.UP.FTS.B,
13.46%,
2/11/27
....
3,863
3,821
L2612166.UP.FTS.B,
13.67%,
2/11/27
....
5,240
5,181
L2615304.UP.FTS.B,
13.86%,
2/11/27
....
30,636
7,805
L2615143.UP.FTS.B,
13.89%,
2/11/27
....
3,362
3,327
L2614922.UP.FTS.B,
13.97%,
2/11/27
....
8,625
8,528
FW2612651.UP.FTS.B,
14.21%,
2/11/27
..
19,220
19,012
L2612964.UP.FTS.B,
14.24%,
2/11/27
....
9,401
9,302
L2614986.UP.FTS.B,
14.63%,
2/11/27
....
3,925
3,884
L2613480.UP.FTS.B,
14.65%,
2/11/27
....
9,052
8,951
L2615636.UP.FTS.B,
14.73%,
2/11/27
....
22,139
21,846
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2612790.UP.FTS.B,
14.98%,
2/11/27
....
$
12,429
$
12,298
L2612114.UP.FTS.B,
14.99%,
2/11/27
....
6,765
6,694
L2614045.UP.FTS.B,
15.28%,
2/11/27
....
4,727
4,678
L2615153.UP.FTS.B,
15.28%,
2/11/27
....
9,454
9,335
L2610220.UP.FTS.B,
15.29%,
2/11/27
....
6,303
6,224
L2610243.UP.FTS.B,
15.41%,
2/11/27
....
7,225
4,010
FW2615365.UP.FTS.B,
15.66%,
2/11/27
..
7,500
7,422
L2539854.UP.FTS.B,
15.78%,
2/11/27
....
3,555
3,510
L2614929.UP.FTS.B,
16.21%,
2/11/27
....
3,564
3,527
FW2612990.UP.FTS.B,
16.24%,
2/11/27
..
7,525
7,430
L2611366.UP.FTS.B,
16.4%,
2/11/27
.....
3,963
3,913
L2610647.UP.FTS.B,
16.52%,
2/11/27
....
6,345
6,279
L2613656.UP.FTS.B,
16.55%,
2/11/27
....
100
99
L2611260.UP.FTS.B,
17.12%,
2/11/27
....
16,861
16,646
L2613654.UP.FTS.B,
17.15%,
2/11/27
....
6,454
6,371
L2612163.UP.FTS.B,
17.53%,
2/11/27
....
2,779
745
FW2611103.UP.FTS.B,
17.75%,
2/11/27
..
3,894
3,843
L2615159.UP.FTS.B,
17.82%,
2/11/27
....
4,392
4,328
L2610018.UP.FTS.B,
17.84%,
2/11/27
....
1,747
1,725
L2611326.UP.FTS.B,
18.28%,
2/11/27
....
7,991
7,875
L2613884.UP.FTS.B,
18.39%,
2/11/27
....
3,261
1,861
L2605567.UP.FTS.B,
18.46%,
2/11/27
....
4,327
4,273
FW2614597.UP.FTS.B,
18.7%,
2/11/27
...
8,023
7,923
L2609725.UP.FTS.B,
18.91%,
2/11/27
....
40,149
39,569
FW2610980.UP.FTS.B,
18.94%,
2/11/27
..
8,031
7,930
L2614124.UP.FTS.B,
18.99%,
2/11/27
....
6,071
5,973
L2614413.UP.FTS.B,
19.06%,
2/11/27
....
21,665
21,430
L2601501.UP.FTS.B,
19.21%,
2/11/27
....
3,940
3,883
L2614334.UP.FTS.B,
19.21%,
2/11/27
....
14,073
13,999
L2609505.UP.FTS.B,
19.3%,
2/11/27
.....
1,529
1,513
L2611253.UP.FTS.B,
19.34%,
2/11/27
....
8,047
7,946
FW2611297.UP.FTS.B,
19.83%,
2/11/27
..
12,224
12,060
L2600626.UP.FTS.B,
19.96%,
2/11/27
....
42,583
6,102
L2612449.UP.FTS.B,
20.03%,
2/11/27
....
8,042
7,924
FW2614605.UP.FTS.B,
20.34%,
2/11/27
..
3,613
3,592
L2613825.UP.FTS.B,
20.6%,
2/11/27
.....
1,975
1,945
L2609761.UP.FTS.B,
20.76%,
2/11/27
....
4,052
4,030
L2615540.UP.FTS.B,
20.79%,
2/11/27
....
4,864
4,794
L2610020.UP.FTS.B,
20.86%,
2/11/27
....
4,864
4,839
L2612113.UP.FTS.B,
20.93%,
2/11/27
....
6,899
6,797
L2613671.UP.FTS.B,
21.11%,
2/11/27
....
7,245
2,060
FW2612614.UP.FTS.B,
21.12%,
2/11/27
..
7,955
7,913
FW2612937.UP.FTS.B,
21.48%,
2/11/27
..
20,388
20,245
L2612062.UP.FTS.B,
21.51%,
2/11/27
....
1,550
1,525
L2611316.UP.FTS.B,
21.54%,
2/11/27
....
16,273
16,188
L2611816.UP.FTS.B,
21.62%,
2/11/27
....
2,441
2,428
L2605257.UP.FTS.B,
21.7%,
2/11/27
.....
814
810
L2615221.UP.FTS.B,
21.7%,
2/11/27
.....
8,141
8,098
L2610270.UP.FTS.B,
21.86%,
2/11/27
....
5,322
386
L2615421.UP.FTS.B,
22.2%,
2/11/27
.....
8,887
8,772
FW2611510.UP.FTS.B,
22.45%,
2/11/27
..
8,992
8,932
L2612478.UP.FTS.B,
22.55%,
2/11/27
....
1,308
1,301
L2610047.UP.FTS.B,
22.57%,
2/11/27
....
2,616
2,602
L2610189.UP.FTS.B,
23.14%,
2/11/27
....
8,775
8,724
L2612720.UP.FTS.B,
23.21%,
2/11/27
....
820
808
L2614552.UP.FTS.B,
23.24%,
2/11/27
....
4,423
4,399
L2612674.UP.FTS.B,
23.33%,
2/11/27
....
1,622
1,613
FW2613747.UP.FTS.B,
23.43%,
2/11/27
..
8,203
8,160
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
118
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2611969.UP.FTS.B,
23.47%,
2/11/27
....
$
3,295
$
3,271
L2610518.UP.FTS.B,
23.54%,
2/11/27
....
25,044
24,912
L2611149.UP.FTS.B,
23.94%,
2/11/27
....
16,452
16,365
L2615317.UP.FTS.B,
24.12%,
2/11/27
....
6,176
6,099
L2614419.UP.FTS.B,
24.18%,
2/11/27
....
2,306
2,294
L2612809.UP.FTS.B,
24.27%,
2/11/27
....
1,153
1,147
FW2611588.UP.FTS.B,
24.58%,
2/11/27
..
7,969
7,913
L2613285.UP.FTS.B,
24.59%,
2/11/27
....
5,477
5,411
FW2610552.UP.FTS.B,
24.93%,
2/11/27
..
3,305
3,288
L2613569.UP.FTS.B,
25.13%,
2/11/27
....
827
823
L2610541.UP.FTS.B,
25.14%,
2/11/27
....
827
815
FW2613750.UP.FTS.B,
25.19%,
2/11/27
..
2,151
2,120
L2613208.UP.FTS.B,
25.22%,
2/11/27
....
1,241
1,234
L2612096.UP.FTS.B,
25.23%,
2/11/27
....
1,655
1,646
L2613943.UP.FTS.B,
25.28%,
2/11/27
....
3,228
3,211
L2608705.UP.FTS.B,
25.34%,
2/11/27
....
9,520
9,470
FW2609818.UP.FTS.B,
25.35%,
2/11/27
..
1,416
1,405
FW2614897.UP.FTS.B,
25.36%,
2/11/27
..
2,815
2,800
L2614702.UP.FTS.B,
25.37%,
2/11/27
....
3,585
3,561
L2614470.UP.FTS.B,
25.38%,
2/11/27
....
8,803
632
L2611708.UP.FTS.B,
25.41%,
2/11/27
....
5,977
3,527
L2611511.UP.FTS.B,
25.43%,
2/11/27
....
5,279
5,243
L2612279.UP.FTS.B,
25.43%,
2/11/27
....
10,441
10,385
L2613393.UP.FTS.B,
25.43%,
2/11/27
....
1,242
1,236
L2610473.UP.FTS.B,
25.47%,
2/11/27
....
3,236
924
L2611698.UP.FTS.B,
25.48%,
2/11/27
....
1,160
1,153
L2615261.UP.FTS.B,
25.48%,
2/11/27
....
1,963
1,945
L2611590.UP.FTS.B,
25.53%,
2/11/27
....
6,369
942
L2615219.UP.FTS.B,
25.79%,
2/11/27
....
8,958
8,911
L2613952.UP.FTS.B,
25.83%,
2/11/27
....
3,938
1,134
FW2614021.UP.FTS.B,
25.84%,
2/11/27
..
9,568
686
L2610715.UP.FTS.B,
26.1%,
2/11/27
.....
12,463
12,283
L2612621.UP.FTS.B,
26.12%,
2/11/27
....
5,032
2,973
FW2612923.UP.FTS.B,
26.13%,
2/11/27
..
4,153
4,131
L2611604.UP.FTS.B,
26.15%,
2/11/27
....
4,154
4,132
L2611846.UP.FTS.B,
26.23%,
2/11/27
....
15,721
1,013
FW2608384.UP.FTS.B,
26.32%,
2/11/27
..
4,158
4,136
L2611375.UP.FTS.B,
26.37%,
2/11/27
....
823
818
FW2611559.UP.FTS.B,
26.48%,
2/11/27
..
2,923
2,903
FW2612288.UP.FTS.B,
26.6%,
2/11/27
...
8,641
2,477
L2614297.UP.FTS.B,
26.71%,
2/11/27
....
3,430
496
FW2610030.UP.FTS.B,
27.01%,
2/11/27
..
3,037
870
FW2611293.UP.FTS.B,
27.26%,
2/11/27
..
4,120
4,095
FW2615414.UP.FTS.B,
27.43%,
2/11/27
..
4,678
4,653
FW2614602.UP.FTS.B,
27.68%,
2/11/27
..
17,277
10,171
FW2609816.UP.FTS.B,
27.78%,
2/11/27
..
12,518
12,450
FW2615245.UP.FTS.B,
27.79%,
2/11/27
..
6,872
1,969
FW2612642.UP.FTS.B,
27.88%,
2/11/27
..
1,745
1,732
FW2613189.UP.FTS.B,
27.88%,
2/11/27
..
25,116
24,983
FW2614513.UP.FTS.B,
28.27%,
2/11/27
..
1,341
1,334
FW2614302.UP.FTS.B,
28.4%,
2/11/27
...
8,492
605
FW2608240.UP.FTS.B,
28.43%,
2/11/27
..
9,229
9,180
FW2608822.UP.FTS.B,
28.45%,
2/11/27
..
7,003
6,954
FW2575001.UP.FTS.B,
28.46%,
2/11/27
..
1,835
129
FW2614134.UP.FTS.B,
28.75%,
2/11/27
..
8,400
8,356
FW2615423.UP.FTS.B,
28.85%,
2/11/27
..
12,613
12,547
FW2614677.UP.FTS.B,
28.98%,
2/11/27
..
4,626
4,601
FW2612243.UP.FTS.B,
29.25%,
2/11/27
..
1,507
1,498
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2612629.UP.FTS.B,
29.49%,
2/11/27
..
$
632
$
621
FW2615061.UP.FTS.B,
29.68%,
2/11/27
..
1,729
1,025
FW2611171.UP.FTS.B,
30.34%,
2/11/27
..
1,691
1,682
FW2611548.UP.FTS.B,
30.39%,
2/11/27
..
1,184
1,178
FW2613551.UP.FTS.B,
30.41%,
2/11/27
..
1,817
127
FW2609716.UP.FTS.B,
30.54%,
2/11/27
..
1,439
1,431
FW2613443.UP.FTS.B,
30.65%,
2/11/27
..
780
773
FW2607135.UP.FTS.B,
30.71%,
2/11/27
..
2,286
2,274
FW2615716.UP.FTS.B,
30.71%,
2/11/27
..
2,286
2,274
FW2606538.UP.FTS.B,
30.84%,
2/11/27
..
847
843
FW2611696.UP.FTS.B,
30.9%,
2/11/27
...
1,695
1,686
FW2612001.UP.FTS.B,
30.9%,
2/11/27
...
2,110
2,098
FW2609619.UP.FTS.B,
30.92%,
2/11/27
..
2,414
1,431
FW2615294.UP.FTS.B,
30.92%,
2/11/27
..
929
924
FW2610795.UP.FTS.B,
30.98%,
2/11/27
..
932
927
FW2609734.UP.FTS.B,
31%,
2/11/27
....
1,108
1,101
FW2612663.UP.FTS.B,
31.02%,
2/11/27
..
2,956
851
FW2610734.UP.FTS.B,
31.08%,
2/11/27
..
1,251
182
FW2609546.UP.FTS.B,
31.1%,
2/11/27
...
1,018
1,012
FW2611533.UP.FTS.B,
31.12%,
2/11/27
..
3,590
3,561
FW2610616.UP.FTS.B,
31.16%,
2/11/27
..
9,464
669
FW2611339.UP.FTS.B,
31.23%,
2/11/27
..
2,394
169
FW2610773.UP.FTS.B,
31.41%,
2/11/27
..
12,225
12,160
FW2611159.UP.FTS.B,
31.78%,
2/11/27
..
5,449
5,421
FW2610510.UP.FTS.B,
33.6%,
2/11/27
...
1,456
1,448
FW2614310.UP.FTS.B,
33.97%,
2/11/27
..
1,930
1,149
FW2610903.UP.FTS.B,
34.14%,
2/11/27
..
18,363
18,239
FW2615534.UP.FTS.B,
34.51%,
2/11/27
..
4,307
1,246
FW2613609.UP.FTS.B,
25.31%,
2/12/27
..
8,284
8,164
L2617298.UP.FTS.B,
5.1%,
2/14/27
.....
8,159
8,089
L2618466.UP.FTS.B,
5.11%,
2/14/27
.....
17,061
16,915
L2617141.UP.FTS.B,
5.84%,
2/14/27
....
5,634
5,586
L2616590.UP.FTS.B,
7.87%,
2/14/27
....
19,941
19,749
L2616809.UP.FTS.B,
11.55%,
2/14/27
....
4,614
4,565
L2618109.UP.FTS.B,
12.08%,
2/14/27
....
26,006
25,728
L2616387.UP.FTS.B,
12.27%,
2/14/27
....
5,424
5,366
L2618980.UP.FTS.B,
12.97%,
2/14/27
....
13,224
13,083
L2617640.UP.FTS.B,
13%,
2/14/27
......
11,366
11,231
FW2616181.UP.FTS.B,
13.1%,
2/14/27
...
5,184
2,752
L2616333.UP.FTS.B,
13.75%,
2/14/27
....
27,348
27,056
L2617800.UP.FTS.B,
13.82%,
2/14/27
....
4,156
4,109
L2617493.UP.FTS.B,
13.84%,
2/14/27
....
16,897
16,717
L2615653.UP.FTS.B,
14.07%,
2/14/27
....
2,331
2,306
L2618908.UP.FTS.B,
14.12%,
2/14/27
....
23,467
23,217
L2610061.UP.FTS.B,
14.43%,
2/14/27
....
19,608
19,399
FW2616422.UP.FTS.B,
14.55%,
2/14/27
..
4,238
4,193
L2616226.UP.FTS.B,
14.8%,
2/14/27
....
4,716
4,657
L2615988.UP.FTS.B,
15.04%,
2/14/27
....
11,285
824
L2617062.UP.FTS.B,
15.98%,
2/14/27
....
5,932
5,868
L2616432.UP.FTS.B,
16.81%,
2/14/27
....
6,355
6,275
FW2616510.UP.FTS.B,
17.3%,
2/14/27
...
3,668
3,611
FW2616193.UP.FTS.B,
17.47%,
2/14/27
..
1,196
1,181
L2617103.UP.FTS.B,
18.14%,
2/14/27
....
5,999
5,913
L2616245.UP.FTS.B,
18.36%,
2/14/27
....
16,012
15,811
L2616269.UP.FTS.B,
19.1%,
2/14/27
....
20,002
19,711
L2612816.UP.FTS.B,
19.36%,
2/14/27
....
16,122
15,890
L2616072.UP.FTS.B,
19.58%,
2/14/27
....
3,308
3,260
L2616722.UP.FTS.B,
19.8%,
2/14/27
....
4,678
4,654
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
119
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2616852.UP.FTS.B,
19.82%,
2/14/27
....
$
5,646
$
5,565
L2616174.UP.FTS.B,
20.55%,
2/14/27
....
1,130
1,114
FW2618465.UP.FTS.B,
20.69%,
2/14/27
..
8,101
7,995
FW2615937.UP.FTS.B,
21.82%,
2/14/27
..
8,064
8,021
L2616825.UP.FTS.B,
22.66%,
2/14/27
....
4,743
4,719
FW2617069.UP.FTS.B,
23.16%,
2/14/27
..
24,707
24,539
L2617672.UP.FTS.B,
23.43%,
2/14/27
....
6,565
6,531
L2616450.UP.FTS.B,
23.7%,
2/14/27
....
8,217
8,113
L2615942.UP.FTS.B,
23.87%,
2/14/27
....
15,212
15,133
L2617402.UP.FTS.B,
24.27%,
2/14/27
....
2,909
1,663
L2612509.UP.FTS.B,
24.31%,
2/14/27
....
4,944
4,918
L2616368.UP.FTS.B,
24.5%,
2/14/27
....
8,906
8,860
L2617237.UP.FTS.B,
25.14%,
2/14/27
....
3,805
3,749
L2616717.UP.FTS.B,
25.42%,
2/14/27
....
2,070
2,059
L2617627.UP.FTS.B,
25.47%,
2/14/27
....
1,408
1,401
L2616342.UP.FTS.B,
25.49%,
2/14/27
....
1,793
129
L2615878.UP.FTS.B,
25.5%,
2/14/27
....
7,013
6,966
L2617283.UP.FTS.B,
25.65%,
2/14/27
....
4,642
4,618
L2617648.UP.FTS.B,
25.74%,
2/14/27
....
8,276
8,226
FW2617973.UP.FTS.B,
26.17%,
2/14/27
..
6,314
6,281
FW2617548.UP.FTS.B,
27.57%,
2/14/27
..
2,817
2,767
FW2616127.UP.FTS.B,
27.61%,
2/14/27
..
3,344
3,326
FW2616788.UP.FTS.B,
28.08%,
2/14/27
..
10,231
10,177
FW2617614.UP.FTS.B,
28.35%,
2/14/27
..
17,639
5,134
FW2618814.UP.FTS.B,
28.99%,
2/14/27
..
5,610
1,620
FW2616093.UP.FTS.B,
29.88%,
2/14/27
..
6,114
3,631
FW2617595.UP.FTS.B,
30.34%,
2/14/27
..
1,694
1,685
FW2618539.UP.FTS.B,
30.94%,
2/14/27
..
5,110
5,074
FW2616218.UP.FTS.B,
31.14%,
2/14/27
..
1,130
328
FW2616908.UP.FTS.B,
31.23%,
2/14/27
..
4,412
4,387
FW2618241.UP.FTS.B,
31.49%,
2/14/27
..
7,644
7,601
L1694887.UP.FTS.B,
15.52%,
2/15/27
....
4,484
4,430
L1716066.UP.FTS.B,
21%,
2/15/27
......
2,106
1,976
L1716537.UP.FTS.B,
25.41%,
2/15/27
....
1,676
236
L1712773.UP.FTS.B,
26.27%,
2/15/27
....
2,888
826
L2605322.UP.FTS.B,
26.41%,
2/15/27
....
15,110
15,028
FW1718307.UP.FTS.B,
30.23%,
2/15/27
..
5,249
5,232
FW2613392.UP.FTS.B,
27.98%,
2/18/27
..
10,102
10,052
L2616168.UP.FTS.B,
18.99%,
2/20/27
....
11,282
11,122
FW2617490.UP.FTS.B,
27.91%,
2/21/27
..
26,934
26,798
FW2613645.UP.FTS.B,
31.4%,
2/23/27
...
1,559
1,544
FW2612944.UP.FTS.B,
29.57%,
2/24/27
..
6,303
6,273
L2614372.UP.FTS.B,
12.82%,
2/26/27
....
12,816
12,671
FW1887715.UP.FTS.B,
13.02%,
3/20/27
..
7,017
6,593
L1884335.UP.FTS.B,
22.8%,
3/20/27
....
11,867
11,901
FW1884837.UP.FTS.B,
25.6%,
3/20/27
...
30,498
30,554
FW1886213.UP.FTS.B,
26.39%,
3/20/27
..
6,449
460
FW1884398.UP.FTS.B,
30.02%,
3/20/27
..
4,486
4,270
FW1884662.UP.FTS.B,
31.19%,
3/20/27
..
2,414
344
FW2949972.UP.FTS.B,
5.25%,
4/14/27
...
4,644
4,608
L2949814.UP.FTS.B,
5.88%,
4/14/27
....
6,330
6,279
L2950297.UP.FTS.B,
6.09%,
4/14/27
....
3,344
3,318
L2949364.UP.FTS.B,
6.36%,
4/14/27
....
1,341
1,329
L2949121.UP.FTS.B,
6.79%,
4/14/27
....
13,257
13,156
L2950010.UP.FTS.B,
6.8%,
4/14/27
.....
5,466
5,424
L2949215.UP.FTS.B,
6.84%,
4/14/27
....
15,073
14,958
L2951687.UP.FTS.B,
7.49%,
4/14/27
....
10,974
10,891
L2951012.UP.FTS.B,
7.81%,
4/14/27
....
9,195
9,126
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2951121.UP.FTS.B,
7.86%,
4/14/27
.....
$
12,691
$
12,575
L2949243.UP.FTS.B,
7.9%,
4/14/27
.....
5,028
4,990
L2950930.UP.FTS.B,
9.09%,
4/14/27
....
5,060
5,015
L2949685.UP.FTS.B,
9.14%,
4/14/27
....
3,164
3,135
L2949220.UP.FTS.B,
9.21%,
4/14/27
....
6,403
6,343
L2949833.UP.FTS.B,
9.25%,
4/14/27
....
17,172
17,019
L2949108.UP.FTS.B,
9.33%,
4/14/27
....
12,746
12,633
FW2951315.UP.FTS.B,
9.91%,
4/14/27
...
5,083
5,036
L2951245.UP.FTS.B,
9.94%,
4/14/27
....
7,943
7,870
L2949486.UP.FTS.B,
10.53%,
4/14/27
....
19,944
19,763
L2934626.UP.FTS.B,
10.81%,
4/14/27
....
5,569
5,511
FW2951659.UP.FTS.B,
10.85%,
4/14/27
..
7,110
1,818
L2948956.UP.FTS.B,
10.94%,
4/14/27
....
21,320
21,096
L2951595.UP.FTS.B,
10.95%,
4/14/27
....
5,111
5,054
L2950964.UP.FTS.B,
11.19%,
4/14/27
....
7,972
7,888
L2950306.UP.FTS.B,
11.59%,
4/14/27
....
19,455
19,244
L2928558.UP.FTS.B,
11.88%,
4/14/27
....
8,587
8,492
FW2950525.UP.FTS.B,
11.91%,
4/14/27
..
40,142
39,700
L2950021.UP.FTS.B,
11.97%,
4/14/27
....
8,027
7,944
L2944042.UP.FTS.B,
12.19%,
4/14/27
....
14,788
14,625
L2942764.UP.FTS.B,
12.22%,
4/14/27
....
10,851
10,738
L2950992.UP.FTS.B,
12.3%,
4/14/27
....
9,948
9,860
L2950027.UP.FTS.B,
12.33%,
4/14/27
....
34,582
34,224
L2950333.UP.FTS.B,
12.69%,
4/14/27
....
3,223
3,188
FW2951712.UP.FTS.B,
12.87%,
4/14/27
..
4,182
4,128
L2951152.UP.FTS.B,
13.05%,
4/14/27
....
21,714
2,997
FW2948780.UP.FTS.B,
13.13%,
4/14/27
..
12,112
11,988
L2949635.UP.FTS.B,
13.18%,
4/14/27
....
3,150
3,118
L2948733.UP.FTS.B,
13.2%,
4/14/27
....
5,654
5,596
FW2949810.UP.FTS.B,
13.53%,
4/14/27
..
10,276
10,170
L2950093.UP.FTS.B,
13.53%,
4/14/27
....
1,618
1,602
FW2949125.UP.FTS.B,
13.6%,
4/14/27
...
3,480
3,443
L2951842.UP.FTS.B,
13.62%,
4/14/27
....
36,182
35,811
L2950742.UP.FTS.B,
13.63%,
4/14/27
....
8,095
8,012
FW2951854.UP.FTS.B,
14.02%,
4/14/27
..
15,411
15,244
L2950227.UP.FTS.B,
14.3%,
4/14/27
....
6,904
6,829
L2949763.UP.FTS.B,
14.31%,
4/14/27
....
5,270
5,216
FW2951175.UP.FTS.B,
14.6%,
4/14/27
...
1,789
1,771
L2949275.UP.FTS.B,
14.68%,
4/14/27
....
3,095
3,062
FW2949070.UP.FTS.B,
14.69%,
4/14/27
..
21,737
21,512
L2949907.UP.FTS.B,
14.84%,
4/14/27
....
3,094
3,063
FW2949368.UP.FTS.B,
15%,
4/14/27
....
2,282
2,251
L2949507.UP.FTS.B,
15.04%,
4/14/27
....
8,979
8,883
L2948932.UP.FTS.B,
15.2%,
4/14/27
....
1,224
1,211
FW2949221.UP.FTS.B,
15.23%,
4/14/27
..
9,174
797
L2951339.UP.FTS.B,
15.29%,
4/14/27
....
14,358
14,200
FW2950466.UP.FTS.B,
15.31%,
4/14/27
..
1,387
1,373
L2951714.UP.FTS.B,
15.35%,
4/14/27
....
11,348
11,226
L2950927.UP.FTS.B,
15.36%,
4/14/27
....
3,102
3,071
L2949017.UP.FTS.B,
15.76%,
4/14/27
....
1,971
1,950
L2950524.UP.FTS.B,
15.81%,
4/14/27
....
3,142
843
FW2949910.UP.FTS.B,
15.84%,
4/14/27
..
8,088
7,985
L2950042.UP.FTS.B,
16.06%,
4/14/27
....
1,392
1,375
L2949733.UP.FTS.B,
16.07%,
4/14/27
....
2,587
2,561
L2950095.UP.FTS.B,
16.16%,
4/14/27
....
17,691
1,264
FW2946278.UP.FTS.B,
16.33%,
4/14/27
..
11,392
11,243
L2949405.UP.FTS.B,
16.41%,
4/14/27
....
16,409
16,245
L2949640.UP.FTS.B,
16.6%,
4/14/27
....
3,501
143
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
120
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2949916.UP.FTS.B,
16.64%,
4/14/27
....
$
20,534
$
20,330
L2951791.UP.FTS.B,
16.65%,
4/14/27
....
7,067
6,992
L2948755.UP.FTS.B,
16.72%,
4/14/27
....
7,149
7,051
FW2950896.UP.FTS.B,
16.97%,
4/14/27
..
8,508
4,523
FW2951535.UP.FTS.B,
17.04%,
4/14/27
..
16,625
16,397
L2951449.UP.FTS.B,
17.19%,
4/14/27
....
24,395
24,151
FW2948748.UP.FTS.B,
17.23%,
4/14/27
..
4,118
4,066
L2948803.UP.FTS.B,
17.33%,
4/14/27
....
3,595
3,549
L2949925.UP.FTS.B,
17.43%,
4/14/27
....
8,244
8,140
L2951584.UP.FTS.B,
17.47%,
4/14/27
....
5,295
5,207
L2950883.UP.FTS.B,
17.71%,
4/14/27
....
12,470
12,343
L2951624.UP.FTS.B,
17.77%,
4/14/27
....
17,832
17,590
FW2949561.UP.FTS.B,
17.84%,
4/14/27
..
17,345
17,088
L2951172.UP.FTS.B,
17.98%,
4/14/27
....
9,918
9,771
L2951603.UP.FTS.B,
18.15%,
4/14/27
....
31,460
31,032
L2950543.UP.FTS.B,
18.25%,
4/14/27
....
4,386
4,343
L2950280.UP.FTS.B,
18.73%,
4/14/27
....
3,621
3,575
FW2950372.UP.FTS.B,
18.88%,
4/14/27
..
7,552
7,457
L2950089.UP.FTS.B,
19.5%,
4/14/27
....
9,998
5,729
L2949923.UP.FTS.B,
19.64%,
4/14/27
....
833
821
L2948840.UP.FTS.B,
19.72%,
4/14/27
....
12,484
12,300
L2951216.UP.FTS.B,
19.73%,
4/14/27
....
1,916
1,888
L2950334.UP.FTS.B,
20.22%,
4/14/27
....
3,662
3,616
L2949824.UP.FTS.B,
20.3%,
4/14/27
....
1,837
1,814
L2947365.UP.FTS.B,
20.51%,
4/14/27
....
16,383
16,180
L2950858.UP.FTS.B,
20.56%,
4/14/27
....
4,166
4,126
L2951820.UP.FTS.B,
20.59%,
4/14/27
....
26,925
26,591
L2948718.UP.FTS.B,
20.71%,
4/14/27
....
7,773
429
FW2950639.UP.FTS.B,
20.74%,
4/14/27
..
1,841
1,818
L2949198.UP.FTS.B,
20.86%,
4/14/27
....
5,130
5,044
FW2949268.UP.FTS.B,
20.97%,
4/14/27
..
3,685
3,631
FW2951370.UP.FTS.B,
20.97%,
4/14/27
..
8,581
4,919
L2949973.UP.FTS.B,
20.99%,
4/14/27
....
5,026
4,946
L2951029.UP.FTS.B,
21.05%,
4/14/27
....
18,267
17,976
L2951142.UP.FTS.B,
21.23%,
4/14/27
....
6,363
6,270
FW2950781.UP.FTS.B,
21.26%,
4/14/27
..
9,169
9,050
L2950447.UP.FTS.B,
21.39%,
4/14/27
....
10,825
10,666
L2949588.UP.FTS.B,
21.43%,
4/14/27
....
585
574
FW2948170.UP.FTS.B,
21.44%,
4/14/27
..
6,979
6,869
L2951654.UP.FTS.B,
21.51%,
4/14/27
....
13,768
13,567
L2948968.UP.FTS.B,
21.84%,
4/14/27
....
17,915
2,574
L2950367.UP.FTS.B,
22.21%,
4/14/27
....
9,178
9,065
L2951265.UP.FTS.B,
22.27%,
4/14/27
....
16,582
9,235
FW2951375.UP.FTS.B,
22.32%,
4/14/27
..
2,780
2,759
L2951308.UP.FTS.B,
22.4%,
4/14/27
....
927
913
FW2949464.UP.FTS.B,
22.55%,
4/14/27
..
2,783
2,762
L2950443.UP.FTS.B,
22.7%,
4/14/27
....
842
837
L2951415.UP.FTS.B,
22.76%,
4/14/27
....
27,063
1,940
FW2950348.UP.FTS.B,
22.92%,
4/14/27
..
14,415
14,317
FW2948734.UP.FTS.B,
22.93%,
4/14/27
..
7,943
7,832
FW2950859.UP.FTS.B,
23.11%,
4/14/27
..
2,200
2,184
L2948750.UP.FTS.B,
23.24%,
4/14/27
....
685
674
FW2946360.UP.FTS.B,
23.4%,
4/14/27
...
6,347
6,311
L2951812.UP.FTS.B,
23.47%,
4/14/27
....
2,370
2,357
FW2950779.UP.FTS.B,
23.54%,
4/14/27
..
2,794
2,778
L2951427.UP.FTS.B,
23.72%,
4/14/27
....
5,592
5,561
FW2950826.UP.FTS.B,
23.81%,
4/14/27
..
19,890
2,969
L2950839.UP.FTS.B,
24.02%,
4/14/27
....
22,587
499
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2950242.UP.FTS.B,
24.53%,
4/14/27
..
$
2,378
$
2,365
FW2950500.UP.FTS.B,
24.57%,
4/14/27
..
6,262
84
L2948992.UP.FTS.B,
24.59%,
4/14/27
....
25,889
25,682
FW2951123.UP.FTS.B,
24.74%,
4/14/27
..
17,027
16,903
L2950134.UP.FTS.B,
24.82%,
4/14/27
....
1,216
1,196
L2949079.UP.FTS.B,
24.97%,
4/14/27
....
10,646
10,479
FW2950489.UP.FTS.B,
25.02%,
4/14/27
..
18,740
18,635
L2950895.UP.FTS.B,
25.02%,
4/14/27
....
852
846
FW2950387.UP.FTS.B,
25.03%,
4/14/27
..
8,743
2,515
L2950602.UP.FTS.B,
25.04%,
4/14/27
....
1,448
1,440
L2949682.UP.FTS.B,
25.05%,
4/14/27
....
1,209
645
L2914578.UP.FTS.B,
25.07%,
4/14/27
....
1,310
1,300
L2943365.UP.FTS.B,
25.08%,
4/14/27
....
1,031
1,024
L2950811.UP.FTS.B,
25.09%,
4/14/27
....
939
933
L2951247.UP.FTS.B,
25.15%,
4/14/27
....
938
923
FW2951030.UP.FTS.B,
25.2%,
4/14/27
...
3,240
3,216
L2951862.UP.FTS.B,
25.21%,
4/14/27
....
1,397
1,387
L2942965.UP.FTS.B,
25.22%,
4/14/27
....
8,525
8,463
L2949738.UP.FTS.B,
25.23%,
4/14/27
....
1,705
1,696
L2951261.UP.FTS.B,
25.24%,
4/14/27
....
1,535
1,511
FW2949983.UP.FTS.B,
25.28%,
4/14/27
..
32,608
2,317
L2951439.UP.FTS.B,
25.31%,
4/14/27
....
1,212
1,191
L2951410.UP.FTS.B,
25.32%,
4/14/27
....
1,254
1,239
L2950105.UP.FTS.B,
25.33%,
4/14/27
....
1,450
1,442
L2951170.UP.FTS.B,
25.33%,
4/14/27
....
1,180
1,173
L2949673.UP.FTS.B,
25.36%,
4/14/27
....
11,089
11,009
L2950776.UP.FTS.B,
25.38%,
4/14/27
....
3,242
3,223
L2945700.UP.FTS.B,
25.39%,
4/14/27
....
5,585
824
L2951160.UP.FTS.B,
25.41%,
4/14/27
....
2,233
2,199
L2951384.UP.FTS.B,
25.41%,
4/14/27
....
2,227
2,212
L2950090.UP.FTS.B,
25.42%,
4/14/27
....
1,280
1,261
L2950063.UP.FTS.B,
25.46%,
4/14/27
....
5,630
3,339
L2949492.UP.FTS.B,
25.47%,
4/14/27
....
3,926
3,897
L2951548.UP.FTS.B,
25.47%,
4/14/27
....
2,133
2,103
L2950216.UP.FTS.B,
25.49%,
4/14/27
....
4,694
4,668
L2951869.UP.FTS.B,
25.5%,
4/14/27
....
5,935
5,889
FW2950277.UP.FTS.B,
25.52%,
4/14/27
..
2,817
2,797
L2950310.UP.FTS.B,
25.62%,
4/14/27
....
2,843
2,812
FW2950451.UP.FTS.B,
25.69%,
4/14/27
..
2,415
2,399
L2950664.UP.FTS.B,
25.75%,
4/14/27
....
3,499
1,962
FW2950748.UP.FTS.B,
25.82%,
4/14/27
..
12,533
898
L2951153.UP.FTS.B,
25.85%,
4/14/27
....
2,596
2,579
L2949868.UP.FTS.B,
25.87%,
4/14/27
....
7,717
547
FW2950220.UP.FTS.B,
26.02%,
4/14/27
..
1,711
1,698
L2951255.UP.FTS.B,
26.02%,
4/14/27
....
7,098
7,059
FW2951228.UP.FTS.B,
26.2%,
4/14/27
...
3,079
3,062
FW2944032.UP.FTS.B,
26.21%,
4/14/27
..
2,996
2,975
FW2949721.UP.FTS.B,
26.35%,
4/14/27
..
4,919
348
FW2949934.UP.FTS.B,
26.46%,
4/14/27
..
1,418
47
FW2948824.UP.FTS.B,
27.37%,
4/14/27
..
4,982
355
L2949711.UP.FTS.B,
27.49%,
4/14/27
....
2,149
2,137
FW2948773.UP.FTS.B,
27.56%,
4/14/27
..
3,962
3,934
FW2948716.UP.FTS.B,
27.71%,
4/14/27
..
7,747
7,705
FW2951423.UP.FTS.B,
27.85%,
4/14/27
..
3,928
3,904
FW2949765.UP.FTS.B,
28.19%,
4/14/27
..
8,626
8,565
FW2948843.UP.FTS.B,
28.64%,
4/14/27
..
8,638
8,577
FW2950395.UP.FTS.B,
28.88%,
4/14/27
..
15,994
15,907
FW2950464.UP.FTS.B,
29.27%,
4/14/27
..
3,418
3,397
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
121
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2950133.UP.FTS.B,
29.38%,
4/14/27
..
$
6,574
$
3,909
FW2949467.UP.FTS.B,
30.27%,
4/14/27
..
3,041
3,025
FW2950428.UP.FTS.B,
30.3%,
4/14/27
...
4,457
315
FW2950412.UP.FTS.B,
30.37%,
4/14/27
..
914
903
FW2951435.UP.FTS.B,
30.37%,
4/14/27
..
1,720
1,709
FW2950357.UP.FTS.B,
30.48%,
4/14/27
..
9,583
9,517
FW2951407.UP.FTS.B,
30.65%,
4/14/27
..
156
11
FW2949817.UP.FTS.B,
30.78%,
4/14/27
..
871
865
FW2949044.UP.FTS.B,
30.94%,
4/14/27
..
3,940
3,915
FW2932125.UP.FTS.B,
30.95%,
4/14/27
..
7,932
7,871
FW2950648.UP.FTS.B,
30.95%,
4/14/27
..
1,045
1,040
FW2949727.UP.FTS.B,
30.99%,
4/14/27
..
1,742
1,733
FW2950633.UP.FTS.B,
31.02%,
4/14/27
..
12,684
1,923
FW2950635.UP.FTS.B,
31.02%,
4/14/27
..
3,605
529
FW2950575.UP.FTS.B,
31.06%,
4/14/27
..
2,353
2,337
FW2950882.UP.FTS.B,
31.06%,
4/14/27
..
1,133
1,127
FW2948863.UP.FTS.B,
31.07%,
4/14/27
..
1,395
99
FW2949627.UP.FTS.B,
31.09%,
4/14/27
..
1,307
1,300
FW2951097.UP.FTS.B,
31.1%,
4/14/27
...
1,394
1,385
FW2951059.UP.FTS.B,
31.12%,
4/14/27
..
16,766
16,671
FW2949803.UP.FTS.B,
31.16%,
4/14/27
..
2,005
1,994
FW2950561.UP.FTS.B,
31.2%,
4/14/27
...
1,308
1,299
FW2950061.UP.FTS.B,
31.21%,
4/14/27
..
1,400
1,391
FW2950268.UP.FTS.B,
31.44%,
4/14/27
..
1,920
1,907
FW2949585.UP.FTS.B,
31.61%,
4/14/27
..
5,852
5,816
FW2949894.UP.FTS.B,
31.82%,
4/14/27
..
3,233
3,211
FW2949051.UP.FTS.B,
32.15%,
4/14/27
..
4,240
4,204
FW2950185.UP.FTS.B,
32.24%,
4/14/27
..
4,827
4,790
FW2950232.UP.FTS.B,
32.3%,
4/14/27
...
24,625
24,404
FW2949959.UP.FTS.B,
33.64%,
4/14/27
..
2,490
2,471
L2047779.UP.FTS.B,
8.03%,
4/15/27
....
16,755
1,223
L2047868.UP.FTS.B,
10.51%,
4/15/27
....
30,249
29,912
L2048360.UP.FTS.B,
14.07%,
4/15/27
....
4,972
4,914
L2047708.UP.FTS.B,
16.09%,
4/15/27
....
9,426
681
L2048877.UP.FTS.B,
16.73%,
4/15/27
....
8,596
2,299
FW2046887.UP.FTS.B,
17.65%,
4/15/27
..
9,063
8,501
L2046952.UP.FTS.B,
18.41%,
4/15/27
....
2,489
2,453
L2049386.UP.FTS.B,
19.96%,
4/15/27
....
4,825
4,525
FW2048990.UP.FTS.B,
20.89%,
4/15/27
..
2,535
2,493
L2048375.UP.FTS.B,
21.41%,
4/15/27
....
5,758
415
L2023190.UP.FTS.B,
22.35%,
4/15/27
....
28,053
27,706
L2047421.UP.FTS.B,
22.37%,
4/15/27
....
6,311
6,308
L2048823.UP.FTS.B,
22.5%,
4/15/27
....
8,615
8,197
L2048530.UP.FTS.B,
24.05%,
4/15/27
....
26,956
1,924
L2048482.UP.FTS.B,
25.39%,
4/15/27
....
27,579
27,565
L2949815.UP.FTS.B,
25.48%,
4/15/27
....
9,829
9,774
L2047847.UP.FTS.B,
25.96%,
4/15/27
....
6,166
6,124
L2047192.UP.FTS.B,
26.58%,
4/15/27
....
8,414
595
FW2049296.UP.FTS.B,
30.21%,
4/15/27
..
6,429
6,091
FW2047989.UP.FTS.B,
31.24%,
4/15/27
..
17,971
1,250
L2951305.UP.FTS.B,
20.52%,
4/16/27
....
3,097
3,051
L2949050.UP.FTS.B,
24.74%,
4/20/27
....
12,813
12,745
L2096414.UP.FTS.B,
14.36%,
4/22/27
....
4,442
4,398
L2095546.UP.FTS.B,
17.27%,
4/22/27
....
2,407
2,388
L2088829.UP.FTS.B,
21.32%,
4/22/27
....
8,697
8,144
L2096815.UP.FTS.B,
21.75%,
4/22/27
....
33,491
32,670
L2096905.UP.FTS.B,
22.44%,
4/22/27
....
21,871
1,553
FW2096628.UP.FTS.B,
22.48%,
4/22/27
..
3,045
(122)
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2095545.UP.FTS.B,
25.48%,
4/22/27
....
$
2,341
$
164
L2094965.UP.FTS.B,
25.66%,
4/22/27
....
3,336
3,330
FW2094908.UP.FTS.B,
29.15%,
4/22/27
..
43,736
41,536
FW2096022.UP.FTS.B,
29.48%,
4/22/27
..
13,876
4,016
FW2094693.UP.FTS.B,
30.21%,
4/22/27
..
2,944
2,845
FW2094704.UP.FTS.B,
30.41%,
4/22/27
..
1,368
402
FW2083347.UP.FTS.B,
31.08%,
4/22/27
..
10,824
10,786
FW2096662.UP.FTS.B,
31.94%,
4/22/27
..
10,305
(1,203)
L2096715.UP.FTS.B,
25.36%,
4/28/27
....
30,012
30,014
FW2951725.UP.FTS.B,
27.54%,
4/28/27
..
3,476
3,460
FW2095121.UP.FTS.B,
24.32%,
5/05/27
..
6,133
6,128
L2288895.UP.FTS.B,
8.82%,
5/21/27
....
2,671
2,643
FW2292661.UP.FTS.B,
10.72%,
5/21/27
..
13,359
3,370
FW2295605.UP.FTS.B,
11.71%,
5/21/27
..
4,419
4,145
L2294636.UP.FTS.B,
21.75%,
5/21/27
....
27,732
26,020
FW2295227.UP.FTS.B,
22.11%,
5/21/27
..
4,708
(58)
L2295258.UP.FTS.B,
23.19%,
5/21/27
....
5,060
365
L2295431.UP.FTS.B,
25.44%,
5/21/27
....
11,437
1,643
L2295630.UP.FTS.B,
25.47%,
5/21/27
....
6,022
5,740
L2293794.UP.FTS.B,
25.5%,
5/21/27
....
1,960
295
FW2295890.UP.FTS.B,
25.77%,
5/21/27
..
8,395
7,951
L2295478.UP.FTS.B,
26.3%,
5/21/27
....
3,847
3,612
L2294417.UP.FTS.B,
26.45%,
5/21/27
....
27,110
7,752
FW2296545.UP.FTS.B,
28.87%,
5/21/27
..
5,269
5,236
FW2293618.UP.FTS.B,
29.66%,
5/21/27
..
1,920
134
FW2294827.UP.FTS.B,
31.11%,
5/21/27
..
1,749
1,747
FW2293069.UP.FTS.B,
31.16%,
5/21/27
..
1,715
(103)
L2298796.UP.FTS.B,
7.68%,
5/22/27
....
1,548
1,533
L2298372.UP.FTS.B,
7.96%,
5/22/27
....
16,337
15,310
L2299805.UP.FTS.B,
8.23%,
5/22/27
....
1,954
262
L2299170.UP.FTS.B,
10.02%,
5/22/27
....
6,436
466
L2299498.UP.FTS.B,
12.01%,
5/22/27
....
6,500
6,439
L2298756.UP.FTS.B,
12.5%,
5/22/27
....
42,484
42,101
L2299489.UP.FTS.B,
13.74%,
5/22/27
....
23,877
23,634
L2296958.UP.FTS.B,
14.87%,
5/22/27
....
6,682
6,609
L2286999.UP.FTS.B,
18.31%,
5/22/27
....
34,429
(186)
L2297088.UP.FTS.B,
20.56%,
5/22/27
....
28,062
748
L2296567.UP.FTS.B,
21.87%,
5/22/27
....
1,639
1,632
L2298303.UP.FTS.B,
22.22%,
5/22/27
....
5,230
5,158
L2299809.UP.FTS.B,
24.98%,
5/22/27
....
26,051
24,794
L2300368.UP.FTS.B,
25.11%,
5/22/27
....
1,885
1,802
L2300474.UP.FTS.B,
25.38%,
5/22/27
....
2,110
2,100
L2295070.UP.FTS.B,
26.38%,
5/22/27
....
7,988
7,596
FW2297812.UP.FTS.B,
27.74%,
5/22/27
..
3,986
3,959
FW2297303.UP.FTS.B,
28.74%,
5/22/27
..
9,109
9,082
FW2297380.UP.FTS.B,
30.57%,
5/22/27
..
5,581
5,305
FW2296256.UP.FTS.B,
30.68%,
5/22/27
..
2,907
2,902
FW2298675.UP.FTS.B,
31.12%,
5/22/27
..
6,887
478
FW2294358.UP.FTS.B,
24.02%,
6/01/27
..
2,057
1,211
FW2299990.UP.FTS.B,
31.19%,
6/05/27
..
15,678
9,322
FW2423719.UP.FTS.B,
8.04%,
6/13/27
...
11,748
11,629
L2427221.UP.FTS.B,
9.21%,
6/13/27
....
2,727
2,699
FW2427741.UP.FTS.B,
9.76%,
6/13/27
...
6,300
6,236
L2423738.UP.FTS.B,
10.57%,
6/13/27
....
2,390
2,361
L2426893.UP.FTS.B,
11.99%,
6/13/27
....
1,273
1,258
L2426437.UP.FTS.B,
13.53%,
6/13/27
....
8,098
4,244
L2422943.UP.FTS.B,
17.4%,
6/13/27
....
5,555
3,157
L2427766.UP.FTS.B,
22.36%,
6/13/27
....
5,007
87
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
122
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2424596.UP.FTS.B,
23.51%,
6/13/27
..
$
1,846
$
1,835
FW2424610.UP.FTS.B,
24.07%,
6/13/27
..
8,191
584
L2427070.UP.FTS.B,
25.42%,
6/13/27
....
2,977
435
L2424490.UP.FTS.B,
25.49%,
6/13/27
....
6,773
6,756
FW2427001.UP.FTS.B,
25.82%,
6/13/27
..
8,768
8,681
FW2425689.UP.FTS.B,
27.43%,
6/13/27
..
8,830
8,764
FW2425524.UP.FTS.B,
29.54%,
6/13/27
..
18,984
18,902
FW2427523.UP.FTS.B,
29.85%,
6/13/27
..
2,823
2,782
FW2422585.UP.FTS.B,
30.74%,
6/13/27
..
3,256
3,215
FW2426089.UP.FTS.B,
30.97%,
6/13/27
..
5,904
412
FW2424580.UP.FTS.B,
31.2%,
6/13/27
...
17,480
17,365
L2432199.UP.FTS.B,
7.42%,
6/14/27
....
3,426
3,389
FW2429579.UP.FTS.B,
8.83%,
6/14/27
...
4,968
4,917
L2432951.UP.FTS.B,
9.1%,
6/14/27
.....
12,667
6,458
L2430869.UP.FTS.B,
9.13%,
6/14/27
....
9,344
9,253
L2433061.UP.FTS.B,
9.38%,
6/14/27
....
6,761
3,454
FW2429553.UP.FTS.B,
9.84%,
6/14/27
...
8,418
8,335
L2431725.UP.FTS.B,
12.26%,
6/14/27
....
31,965
31,570
L2430844.UP.FTS.B,
13.1%,
6/14/27
....
13,149
3,335
FW2432260.UP.FTS.B,
13.46%,
6/14/27
..
4,280
4,231
L2432731.UP.FTS.B,
13.82%,
6/14/27
....
20,085
19,885
L2432687.UP.FTS.B,
18.15%,
6/14/27
....
864
850
L2431586.UP.FTS.B,
18.56%,
6/14/27
....
8,647
8,495
L2435110.UP.FTS.B,
20.58%,
6/14/27
....
1,568
893
L2429021.UP.FTS.B,
22.9%,
6/14/27
....
5,341
(90)
FW2418141.UP.FTS.B,
24.21%,
6/14/27
..
7,827
558
L2400561.UP.FTS.B,
25.15%,
6/14/27
....
1,490
106
FW2432066.UP.FTS.B,
25.64%,
6/14/27
..
12,669
12,547
FW2433372.UP.FTS.B,
26.59%,
6/14/27
..
5,403
1,547
FW2434573.UP.FTS.B,
26.92%,
6/14/27
..
8,677
8,662
FW2432748.UP.FTS.B,
28.28%,
6/14/27
..
2,847
203
FW2432960.UP.FTS.B,
30.52%,
6/14/27
..
1,561
(110)
FW2429109.UP.FTS.B,
31.06%,
6/14/27
..
2,112
2,105
FW2412469.UP.FTS.B,
31.07%,
6/14/27
..
2,120
311
FW2429288.UP.FTS.B,
33.13%,
6/14/27
..
1,217
1,208
L2438839.UP.FTS.B,
7.09%,
6/18/27
....
15,850
14,849
L2437298.UP.FTS.B,
12.04%,
6/18/27
....
5,263
4,933
FW2436806.UP.FTS.B,
12.34%,
6/18/27
..
8,351
7,823
L2439073.UP.FTS.B,
13.38%,
6/18/27
....
11,220
814
L2436245.UP.FTS.B,
17.45%,
6/18/27
....
6,323
889
L2437520.UP.FTS.B,
19.6%,
6/18/27
....
4,720
4,656
L2413076.UP.FTS.B,
22.22%,
6/18/27
....
8,849
8,380
L2437879.UP.FTS.B,
24.72%,
6/18/27
....
1,226
1,225
FW2435607.UP.FTS.B,
26.08%,
6/18/27
..
2,129
2,115
FW2436713.UP.FTS.B,
26.86%,
6/18/27
..
8,873
8,834
L2437504.UP.FTS.B,
27.79%,
6/18/27
....
1,624
116
FW2436155.UP.FTS.B,
27.89%,
6/18/27
..
7,939
7,532
FW2435640.UP.FTS.B,
28.51%,
6/18/27
..
4,450
4,427
FW2435140.UP.FTS.B,
30.13%,
6/18/27
..
8,411
594
L2437642.UP.FTS.B,
9.64%,
6/20/27
....
989
979
L2422890.UP.FTS.B,
23.18%,
6/23/27
....
2,975
2,955
L2607500.UP.FTS.B,
12.17%,
7/10/27
....
15,020
7,892
L2607609.UP.FTS.B,
15.09%,
7/10/27
....
2,758
2,723
L2607076.UP.FTS.B,
16.42%,
7/10/27
....
21,489
21,217
FW2602895.UP.FTS.B,
17.44%,
7/10/27
..
8,796
8,651
FW2605836.UP.FTS.B,
20.24%,
7/10/27
..
1,765
5
L2604242.UP.FTS.B,
21.11%,
7/10/27
....
4,738
4,660
L2608553.UP.FTS.B,
23.5%,
7/10/27
....
8,245
8,198
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2609091.UP.FTS.B,
23.84%,
7/10/27
..
$
4,339
$
1,230
FW2608779.UP.FTS.B,
24.99%,
7/10/27
..
8,979
8,921
L2603328.UP.FTS.B,
25.17%,
7/10/27
....
849
842
FW2606616.UP.FTS.B,
26.25%,
7/10/27
..
1,759
1,743
FW2608836.UP.FTS.B,
27.23%,
7/10/27
..
4,793
2,809
FW2605866.UP.FTS.B,
29.72%,
7/10/27
..
1,131
1,126
FW2603700.UP.FTS.B,
31.08%,
7/10/27
..
1,873
1,864
FW2602032.UP.FTS.B,
31.57%,
7/10/27
..
4,612
4,561
FW2613876.UP.FTS.B,
15.29%,
7/11/27
..
2,684
2,637
L2611504.UP.FTS.B,
16.36%,
7/11/27
....
5,029
4,966
FW2609511.UP.FTS.B,
18.92%,
7/11/27
..
10,842
10,675
L2612042.UP.FTS.B,
19.42%,
7/11/27
....
17,979
17,664
L2612995.UP.FTS.B,
19.69%,
7/11/27
....
8,802
8,660
FW2610184.UP.FTS.B,
23.94%,
7/11/27
..
19,127
18,920
L2614217.UP.FTS.B,
24.23%,
7/11/27
....
2,187
2,168
L2583854.UP.FTS.B,
24.88%,
7/11/27
....
6,320
890
L2613244.UP.FTS.B,
25.74%,
7/11/27
....
18,745
1,331
L2614101.UP.FTS.B,
26.5%,
7/11/27
.....
13,564
8,035
FW2613347.UP.FTS.B,
26.68%,
7/11/27
..
1,260
1,249
FW2613777.UP.FTS.B,
27.07%,
7/11/27
..
1,708
1,692
FW2610027.UP.FTS.B,
28.67%,
7/11/27
..
4,679
657
FW2614159.UP.FTS.B,
29.19%,
7/11/27
..
2,476
176
FW2611463.UP.FTS.B,
30.57%,
7/11/27
..
960
68
FW2610223.UP.FTS.B,
30.62%,
7/11/27
..
2,894
2,876
FW2613911.UP.FTS.B,
30.67%,
7/11/27
..
9,133
9,051
FW2610193.UP.FTS.B,
30.94%,
7/11/27
..
9,413
5,562
FW2614988.UP.FTS.B,
31.1%,
7/11/27
...
18,391
1,283
FW2614136.UP.FTS.B,
31.2%,
7/11/27
...
12,690
(767)
FW2611798.UP.FTS.B,
31.65%,
7/11/27
..
7,936
7,914
L2617675.UP.FTS.B,
16.73%,
7/14/27
....
9,022
1,260
L2615821.UP.FTS.B,
16.82%,
7/14/27
....
3,548
3,485
L2615913.UP.FTS.B,
19.56%,
7/14/27
....
5,269
5,172
L2616155.UP.FTS.B,
19.61%,
7/14/27
....
6,809
486
L2614826.UP.FTS.B,
22.6%,
7/14/27
....
4,724
4,669
L2616634.UP.FTS.B,
24.08%,
7/14/27
....
6,295
6,196
L2618649.UP.FTS.B,
24.27%,
7/14/27
....
9,551
9,447
L2605072.UP.FTS.B,
25.64%,
7/14/27
....
2,421
1,425
FW2616467.UP.FTS.B,
26.53%,
7/14/27
..
14,600
8,587
L2616680.UP.FTS.B,
26.86%,
7/14/27
....
1,257
1,242
FW2618197.UP.FTS.B,
27.81%,
7/14/27
..
16,246
16,140
FW2615990.UP.FTS.B,
30.24%,
7/14/27
..
2,862
1,682
FW2618031.UP.FTS.B,
31.37%,
7/14/27
..
25,602
(4,674)
FW1716481.UP.FTS.B,
26.69%,
7/15/27
..
20,654
20,325
FW2612768.UP.FTS.B,
25.53%,
7/17/27
..
6,652
6,583
L2603677.UP.FTS.B,
14.69%,
7/25/27
....
12,804
12,643
FW1882891.UP.FTS.B,
25.65%,
8/20/27
..
1,698
1,679
FW2949403.UP.FTS.B,
20.67%,
9/14/27
..
6,793
1,892
L2948936.UP.FTS.B,
21.98%,
9/14/27
....
5,156
66
L2949402.UP.FTS.B,
22.02%,
9/14/27
....
10,249
6,062
L2951399.UP.FTS.B,
22.65%,
9/14/27
....
9,730
9,559
L2949419.UP.FTS.B,
23.06%,
9/14/27
....
2,591
1,531
FW2951000.UP.FTS.B,
23.87%,
9/14/27
..
25,886
(675)
L2949947.UP.FTS.B,
25.29%,
9/14/27
....
1,959
1,940
L2950538.UP.FTS.B,
25.32%,
9/14/27
....
1,670
120
L2949603.UP.FTS.B,
25.51%,
9/14/27
....
4,524
4,482
FW2949299.UP.FTS.B,
28.46%,
9/14/27
..
3,713
3,681
FW2948974.UP.FTS.B,
29.39%,
9/14/27
..
8,447
8,371
FW2950998.UP.FTS.B,
31.04%,
9/14/27
..
6,546
(58)
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
123
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2950983.UP.FTS.B,
31.18%,
9/14/27
..
$
2,200
$
2,182
L2047067.UP.FTS.B,
21.22%,
9/15/27
....
18,950
18,589
FW2049311.UP.FTS.B,
21.75%,
9/15/27
..
4,408
4,349
L2094100.UP.FTS.B,
16.83%,
9/22/27
....
13,656
894
FW2094263.UP.FTS.B,
30.68%,
9/22/27
..
3,402
3,393
L2293030.UP.FTS.B,
8.8%,
10/21/27
....
2,255
2,233
L2298368.UP.FTS.B,
11.21%,
10/22/27
...
3,542
3,510
L2300702.UP.FTS.B,
15.45%,
10/22/27
...
27,904
27,538
L2298508.UP.FTS.B,
19.73%,
10/22/27
...
4,649
687
L2297484.UP.FTS.B,
25.49%,
10/22/27
...
21,851
1,547
L2421701.UP.FTS.B,
5.91%,
11/13/27
....
18,123
17,968
FW2424710.UP.FTS.B,
21.52%,
11/13/27
.
13,918
13,628
FW2430164.UP.FTS.B,
9.11%,
11/14/27
..
4,717
4,668
FW2430915.UP.FTS.B,
16.81%,
11/14/27
.
8,763
8,643
FW2435246.UP.FTS.B,
14.6%,
11/18/27
..
1,812
1,788
L2435424.UP.FTS.B,
10.13%,
11/21/27
...
3,872
3,830
L2607851.UP.FTS.B,
13.68%,
12/10/27
...
32,018
31,596
FW2606361.UP.FTS.B,
25.37%,
12/10/27
.
10,218
10,122
FW2605935.UP.FTS.B,
31.23%,
12/10/27
.
5,617
5,530
L2614621.UP.FTS.B,
23.29%,
12/11/27
...
23,346
23,153
L2611597.UP.FTS.B,
25.33%,
12/11/27
...
11,513
11,321
FW2617504.UP.FTS.B,
30.27%,
12/14/27
.
17,317
17,032
L2950603.UP.FTS.B,
18.38%,
2/14/28
....
18,441
2,613
FW2951084.UP.FTS.B,
30.63%,
2/14/28
..
14,156
14,017
FW2950926.UP.FTS.B,
33.78%,
2/26/28
..
7,747
7,653
L1718966.UP.FTS.B,
18.89%,
9/15/28
....
8,483
8,451
L1718702.UP.FTS.B,
26.02%,
9/15/28
....
4,400
4,424
L1886617.UP.FTS.B,
19.5%,
10/20/28
....
8,675
8,220
L1887293.UP.FTS.B,
25.85%,
10/20/28
...
9,573
9,557
L2608032.UP.FTS.B,
17.27%,
2/10/29
....
3,786
3,762
L2605139.UP.FTS.B,
28.33%,
2/10/29
....
2,309
2,301
L1718819.UP.FTS.B,
23.98%,
2/15/29
....
2,800
2,784
L2607986.UP.FTS.B,
25.66%,
7/10/29
....
18,997
10,730
L2601951.UP.FTS.B,
26.3%,
7/10/29
....
5,821
5,811
13,004,986
Total
Marketplace
Loans
(Cost
$67,558,997)
....
$61,083,084
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2023
Franklin
Low
Duration
Total
Return
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
124
At
July
31,
2023,
the
Fund
had
the
following futures
contracts
outstanding.
At
July
31,
2023,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
At
July
31,
2023,
the
Fund
had
the
following credit
default
swap
contracts outstanding.
Futures
Contracts
Description
Type
Number
of
Contracts
Notional
Amount
*
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Interest
rate
contracts
U.S.
Treasury
10
Year
Notes
....................
Short
401
$
44,673,906
9/20/23
$
901,681
U.S.
Treasury
2
Year
Notes
.....................
Long
4,361
885,419,281
9/29/23
(12,329,872)
U.S.
Treasury
5
Year
Notes
.....................
Short
1,261
134,700,415
9/29/23
2,089,656
Total
Futures
Contracts
......................................................................
$(9,338,535)
*
As
of
period
end.
Forward
Exchange
Contracts
Currency
Counter-
party
a
Type
Quantity
Contract
Amount
*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
Brazilian
Real
......
JPHQ
Buy
6,700,000
1,411,947
8/07/23
$
3,538
$
—
Brazilian
Real
......
JPHQ
Sell
6,700,000
1,303,799
8/07/23
—
(111,686)
Euro
.............
JPHQ
Buy
29,451,400
32,065,876
8/28/23
389,338
(24,767)
Euro
.............
JPHQ
Sell
61,013,000
66,115,017
8/28/23
—
(1,069,527)
Japanese
Yen
......
JPHQ
Sell
3,351,193,000
23,977,702
9/25/23
216,575
—
Brazilian
Real
......
JPHQ
Sell
6,700,000
1,391,959
11/06/23
2,629
—
Total
Forward
Exchange
Contracts
...................................................
$612,080
$(1,205,980)
Net
unrealized
appreciation
(depreciation)
............................................
$(593,900)
*
In
U.S.
dollars
unless
otherwise
indicated.
a
May
be
comprised
of
multiple
contracts
with
the
same
counterparty,
currency
and
settlement
date.
Credit
Default
Swap
Contracts
Description
Periodic
Payment
Rate
Received
(Paid)
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Amount
(a)
Value
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
Rating
(b)
Centrally
Cleared
Swap
Contracts
Contracts
to
Buy
Protection
(c)
Traded
Index
CDX.NA.EM.38
.
(1.00)%
Quarterly
12/20/27
6,835,000
$
210,922
$
478,905
$
(267,983)
CDX.NA.HY.40
.
(5.00)%
Quarterly
6/20/28
44,050,000
(1,804,592)
(414,561)
(1,390,031)
Total
Centrally
Cleared
Swap
Contracts
.....................................
$(1,593,670)
$64,344
$(1,658,014)
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
125
Credit
Default
Swap
Contracts
(continued)
Description
Periodic
Payment
Rate
Received
(Paid)
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Amount
(a)
Value
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
Rating
(b)
OTC
Swap
Contracts
Contracts
to
Sell
Protection
(c)(d)
Single
Name
Carnival
Corp.
..
1.00%
Quarterly
CITI
6/20/27
5,500,000
$
(532,966)
$
(774,742)
$
241,776
B-
Traded
Index
(e)
BNP
Paribas
Bespoke
Haverhill
Index,
Mezzanine
Tranche
5-10%
4.10%
Quarterly
BNDP
12/20/23
2,300,000
EUR
22,290
—
22,290
Non-
Investment
Grade
CDX.NA.HY.31
.
5.00%
Quarterly
CITI
12/20/23
20,400,000
507,989
(224,589)
732,578
Non-
Investment
Grade
CDX.NA.HY.33
.
5.00%
Quarterly
CITI
12/20/24
12,600,000
204,484
(208,524)
413,008
Non-
Investment
Grade
CDX.NA.IG.31
..
1.00%
Quarterly
CITI
12/20/23
7,900,000
(86,889)
(86,1
20
)
(7
69
)
Investment
Grade
(e)
Citibank
Bespoke
Kenai
Index,
Equity
Tranche
0-5%
—%
Quarterly
CITI
12/20/23
13,550,000
(3,678,966)
(802,95
8
)
(2,876,00
8
)
Non-
Investment
Grade
(e)
Citibank
Bespoke
Rotorua
Index,
Mezzanine
Tranche
5-10%
3.60%
Quarterly
CITI
12/20/23
5,000,000
35,768
—
35,768
Non-
Investment
Grade
MCDX.
NA.MAIN.31
.
1.00%
Quarterly
CITI
12/20/23
12,200,000
40,452
9,715
30,737
Investment
Grade
Total
OTC
Swap
Contracts
..............................................
$(3,487,838)
$(2,087,218)
$(1,400,620)
Total
Credit
Default
Swap
Contracts
....................................
$(5,081,508)
$
(2,022,874)
$(3,058,634)
(a)
In
U.S.
dollars
unless
otherwise
indicated.
For
contracts
to
sell
protection,
the
notional
amount
is
equal
to
the
maximum
potential
amount
of
the
future
payments
and
no
recourse
provisions
have
been
entered
into
in
association
with
the
contracts.
(b)
Based
on
Standard
and
Poor's
(S&P)
Rating
for
single
name
swaps
and
internal
ratings
for
index
swaps.
Internal
ratings
based
on
mapping
into
equivalent
ratings
from
external
vendors.
(c)
Performance
triggers
for
settlement
of
contract
include
default,
bankruptcy
or
restructuring
for
single
name
swaps,
and
failure
to
pay
or
bankruptcy
of
the
underlying
securities
for
traded
index
swaps.
(d)
The
fund
enters
contracts
to
sell
protection
to
create
a
long
credit
position.
(e)
Represents
a
custom
index
comprised
of
a
basket
of
underlying
instruments.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
126
At
July
31,
2023,
the
Fund
had
the
following total
return swap
contracts
outstanding.
See
A
bbreviations
on
page
286
.
Total
Return
Swap
Contracts
Underlying
Instruments
Financing
Rate
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Value
*
Value/
Unrealized
Appreciation
(Depreciation)
OTC
Swap
Contracts
Short
(a)
Markit
iBoxx
USD
Liquid
Leveraged
Loans
Total
Return
Index
...........................
1-day
SOFR
Quarterly
MSCO
9/20/23
34,650,000
$
(936,670)
Total
Return
Swap
Contracts
....................................................................
$(936,670)
*
In
U.S.
dollars
unless
otherwise
indicated.
a
May
be
comprised
of
multiple
contracts
with
the
same
counterparty,
currency
and
settlement
date.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2023
Franklin
Low
Duration
U.S.
Government
Securities
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
127
a
a
Principal
Amount
a
Value
a
a
a
a
a
U.S.
Government
and
Agency
Securities
13.5%
FHLB,
5.5%,
4/01/24
.................................................
$
5,000,000
$
4,984,762
U.S.
Treasury
Notes
,
2.375%,
8/15/24
...................................................
5,000,000
4,848,486
2%,
2/15/25
......................................................
10,000,000
9,539,062
2%,
8/15/25
......................................................
5,000,000
4,724,707
2.625%,
1/31/26
...................................................
10,000,000
9,526,367
2.5%,
2/28/26
....................................................
10,162,000
9,642,190
2.25%,
3/31/26
...................................................
15,000,000
14,131,934
2.375%,
4/30/26
...................................................
5,059,000
4,776,506
Total
U.S.
Government
and
Agency
Securities
(Cost
$63,202,601)
.................
62,174,014
Commercial
Mortgage-Backed
Securities
20.1%
Financial
Services
20.1%
a
FHLMC
,
4988,
AF,
FRN,
5.52%,
(1-month
USD
LIBOR
+
0.35%),
10/15/37
..............
4,782,686
4,696,380
4891,
AF,
FRN,
4.345%,
(1-month
USD
LIBOR
+
0.4%),
7/15/42
..............
7,606,262
7,421,238
343,
F4,
FRN,
5.52%,
Strip,
(1-month
USD
LIBOR
+
0.35%),
10/15/37
..........
4,456,537
4,378,749
4989,
FA,
FRN,
4.363%,
(1-month
USD
LIBOR
+
0.35%),
8/15/40
.............
5,828,242
5,639,684
4915,
FE,
FRN,
4.478%,
(1-month
USD
LIBOR
+
0.4%),
2/15/38
..............
8,523,169
8,278,244
4895,
GF,
FRN,
4.631%,
(1-month
USD
LIBOR
+
0.4%),
11/15/43
.............
7,055,370
6,753,067
4197,
KF,
FRN,
4.507%,
(1-month
USD
LIBOR
+
0.3%),
9/15/37
..............
2,306,770
2,214,966
4107,
KF,
FRN,
4.604%,
(1-month
USD
LIBOR
+
0.39%),
6/15/38
.............
2,283,532
2,218,661
4215,
KF,
FRN,
4.866%,
(1-month
USD
LIBOR
+
0.3%),
2/15/40
..............
1,956,093
1,895,140
4730,
WF,
FRN,
4.535%,
(1-month
USD
LIBOR
+
0.35%),
8/15/38
.............
4,154,647
4,006,139
4794,
WF,
FRN,
4.288%,
(1-month
USD
LIBOR
+
0.35%),
3/15/43
.............
4,368,213
4,224,166
a
FNMA
,
2019-38,
AF,
FRN,
4.565%,
(1-month
USD
LIBOR
+
0.4%),
7/25/49
............
4,921,746
4,760,507
2019-59,
BF,
FRN,
4.563%,
(1-month
USD
LIBOR
+
0.4%),
10/25/49
...........
6,876,949
6,696,121
2019-38,
CF,
FRN,
5.633%,
(30-day
SOFR
Average
+
0.564%),
7/25/49
.........
1,460,487
1,408,328
2021-44,
FA,
FRN,
4.423%,
(30-day
SOFR
Average
+
0.2%),
6/25/45
...........
6,054,367
5,934,128
2020-54,
WF,
FRN,
3.166%,
(1-month
USD
LIBOR
+
0.45%),
8/25/50
..........
4,448,855
4,205,173
2021-8,
YF,
FRN,
4.676%,
(30-day
SOFR
Average
+
0.2%),
3/25/61
............
12,016,554
11,669,719
2021-36,
YF,
FRN,
4.545%,
(30-day
SOFR
Average
+
0.2%),
6/25/61
...........
6,003,598
5,771,747
a
GNMA
,
2010-12
,
FD
,
FRN
,
5.936
%
,
(
1-month
SOFR
+
0.714
%
),
1/16/40
..........
591,365
583,120
92,755,277
a
a
a
a
a
Total
Commercial
Mortgage-Backed
Securities
(Cost
$95,836,015)
................
92,755,277
Mortgage-Backed
Securities
63.9%
b
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Adjustable
Rate
19.9%
FHLMC,
4.117%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
10/01/43
.............
2,336,768
2,303,213
FHLMC,
4.219%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
8/01/47
..............
6,111,077
6,179,846
FHLMC,
4.241%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
10/01/46
.............
4,573,696
4,581,213
FHLMC,
4.297%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
9/01/37
..............
5,129,316
5,178,670
FHLMC,
4.413%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
6/01/47
..............
6,986,865
6,973,645
FHLMC,
4.425%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
1/01/44
..............
2,528,623
2,554,000
FHLMC,
4.431%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
11/01/46
.............
6,521,719
6,488,991
FHLMC,
4.44%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
7/01/43
...............
2,553,706
2,581,037
FHLMC,
4.44%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
11/01/46
..............
4,817,316
4,836,128
FHLMC,
4.498%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
7/01/46
..............
9,558,824
9,499,786
FHLMC,
4.761%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
7/01/43
..............
2,275,542
2,261,702
FHLMC,
4.92%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
6/01/37
...............
2,272,381
2,305,385
FHLMC,
4.975%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
7/01/35
..............
2,231,352
2,257,940
FHLMC,
3.619%
-
5.591%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
8/01/34
-
5/01/45
25,574,504
25,480,931
FHLMC,
4.393%
-
5.939%,
(1-year
CMT
T-Note
+/-
MBS
Margin),
8/01/33
-
6/01/37
..
8,025,146
8,088,484
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
U.S.
Government
Securities
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
128
a
a
Principal
Amount
a
Value
a
a
a
a
a
Mortgage-Backed
Securities
(continued)
b
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Adjustable
Rate
(continued)
FHLMC,
4.079%
-
5.954%,
(6-month
USD
LIBOR
+/-
MBS
Margin),
4/01/36
-
1/01/37
$
298,971
$
295,829
91,866,800
b
Federal
National
Mortgage
Association
(FNMA)
Adjustable
Rate
37.9%
FNMA,
4.12%,
(COFI
11th
District
+/-
MBS
Margin),
4/01/34
...................
5,687,237
5,504,693
FNMA,
4.405%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
9/01/38
...............
8,296,982
8,415,192
FNMA,
4.42%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
3/01/35
................
2,604,932
2,626,125
FNMA,
4.586%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
4/01/40
...............
3,206,905
3,253,543
FNMA,
4.6%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
4/01/44
.................
21,184,563
21,435,454
FNMA,
4.658%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
7/01/42
...............
3,228,094
3,287,582
FNMA,
4.669%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
4/01/47
...............
12,088,851
12,285,282
FNMA,
3.724%
-
5%,
(COFI
11th
District
+/-
MBS
Margin),
11/01/23
-
12/01/37
.....
2,878,127
2,798,870
FNMA,
5.009%,
(1-year
CMT
T-Note
+/-
MBS
Margin),
5/01/36
.................
5,536,258
5,623,149
FNMA,
5.119%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
9/01/45
...............
3,610,025
3,661,937
FNMA,
5.221%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
5/01/47
...............
5,515,164
5,593,848
FNMA,
3.129%
-
5.291%,
(3-year
CMT
T-Note
+/-
MBS
Margin),
1/01/26
-
7/01/34
...
134,562
132,065
FNMA,
3.564%
-
5.434%,
(5-year
CMT
T-Note
+/-
MBS
Margin),
4/01/27
-
2/01/30
...
29,735
29,543
FNMA,
5.464%
-
6.31%,
(6-month
H15BDI
+/-
MBS
Margin),
7/01/24
-
11/01/34
.....
47,211
47,556
FNMA,
6.348%,
(1-month
USD
LIBOR
+/-
MBS
Margin),
8/01/27
................
101,460
101,289
FNMA,
3.483%
-
6.683%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
4/01/32
-
5/01/48
64,656,657
64,410,490
FNMA,
2.925%
-
6.75%,
(1-year
CMT
T-Note
+/-
MBS
Margin),
9/01/23
-
12/01/40
...
18,789,324
18,686,194
FNMA,
4.225%
-
7.386%,
(12-month
average
of
1-year
CMT
+/-
MBS
Margin),
12/01/26
-
11/01/44
................................................
3,270,392
3,212,808
FNMA,
3.615%
-
7.44%,
(6-month
USD
LIBOR
+/-
MBS
Margin),
9/01/23
-
12/01/37
.
13,756,827
13,767,992
174,873,612
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
6.1%
FNMA,
30
Year,
5.5%,
4/01/53
.........................................
13,937,608
13,847,866
FNMA,
30
Year,
6%,
7/01/53
...........................................
14,243,481
14,335,230
28,183,096
b
Government
National
Mortgage
Association
(GNMA)
Adjustable
Rate
0.0%
†
GNMA
II,
2.625%
-
3.875%,
(1-year
CMT
T-Note
+/-
MBS
Margin),
9/20/33
-
5/20/36
.
302,677
293,719
293,719
Total
Mortgage-Backed
Securities
(Cost
$307,753,663)
...........................
295,217,227
Total
Long
Term
Investments
(Cost
$466,792,279)
...............................
450,146,518
a
a
a
a
a
Short
Term
Investments
1.4%
Shares
a
Money
Market
Funds
1.4%
c,d
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
..................
6,314,452
6,314,452
Total
Money
Market
Funds
(Cost
$6,314,452)
...................................
6,314,452
Total
Short
Term
Investments
(Cost
$6,314,452
)
.................................
6,314,452
a
Total
Investments
(Cost
$473,106,731)
98.9%
...................................
$456,460,970
Other
Assets,
less
Liabilities
1.1%
.............................................
5,062,831
Net
Assets
100.0%
...........................................................
$461,523,801
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Low
Duration
U.S.
Government
Securities
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
129
At
July
31,
2023,
the
Fund
had
the
following futures
contracts
outstanding.
See
Abbreviations
on
page
286
.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
The
coupon
rate
shown
represents
the
rate
inclusive
of
any
caps
or
floors,
if
applicable,
in
effect
at
period
end.
b
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).
c
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
d
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Futures
Contracts
Description
Type
Number
of
Contracts
Notional
Amount
*
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Interest
rate
contracts
U.S.
Treasury
10
Year
Ultra
Notes
................
Short
83
$
9,709,703
9/20/23
$
172,371
U.S.
Treasury
2
Year
Notes
.....................
Long
317
64,360,906
9/29/23
(872,945)
U.S.
Treasury
5
Year
Notes
.....................
Short
65
6,943,320
9/29/23
122,294
Total
Futures
Contracts
......................................................................
$(578,280)
*
As
of
period
end.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2023
Franklin
Managed
Income
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
130
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
30.0%
Aerospace
&
Defense
1.9%
Lockheed
Martin
Corp.
.................................
United
States
75,000
$
33,477,750
Northrop
Grumman
Corp.
...............................
United
States
50,000
22,250,000
RTX
Corp.
..........................................
United
States
155,000
13,629,150
69,356,900
Air
Freight
&
Logistics
0.5%
United
Parcel
Service,
Inc.,
B
............................
United
States
100,000
18,713,000
Banks
4.2%
Bank
of
America
Corp.
.................................
United
States
1,900,000
60,800,000
Fifth
Third
Bancorp
....................................
United
States
600,000
17,460,000
JPMorgan
Chase
&
Co.
.................................
United
States
275,000
43,439,000
Truist
Financial
Corp.
..................................
United
States
400,000
13,288,000
US
Bancorp
.........................................
United
States
550,000
21,824,000
156,811,000
Biotechnology
1.9%
a
AbbVie,
Inc.
.........................................
United
States
250,000
37,395,000
Amgen,
Inc.
.........................................
United
States
150,000
35,122,500
72,517,500
Capital
Markets
2.6%
Charles
Schwab
Corp.
(The)
.............................
United
States
200,000
13,220,000
a
Goldman
Sachs
Group,
Inc.
(The)
.........................
United
States
50,000
17,793,500
Morgan
Stanley
.......................................
United
States
700,000
64,092,000
95,105,500
Chemicals
0.8%
Air
Products
and
Chemicals,
Inc.
..........................
United
States
43,000
13,129,190
LyondellBasell
Industries
NV,
A
...........................
United
States
150,000
14,829,000
27,958,190
Consumer
Staples
Distribution
&
Retail
0.7%
Target
Corp.
.........................................
United
States
200,000
27,294,000
Diversified
Telecommunication
Services
0.1%
Verizon
Communications,
Inc.
............................
United
States
100,000
3,408,000
Electric
Utilities
3.0%
Duke
Energy
Corp.
....................................
United
States
400,000
37,448,000
Edison
International
...................................
United
States
350,000
25,186,000
NextEra
Energy,
Inc.
...................................
United
States
200,000
14,660,000
Southern
Co.
(The)
....................................
United
States
500,000
36,170,000
113,464,000
Ground
Transportation
0.9%
Union
Pacific
Corp.
....................................
United
States
150,000
34,803,000
Health
Care
Providers
&
Services
0.2%
CVS
Health
Corp.
.....................................
United
States
100,000
7,469,000
Household
Products
0.8%
Procter
&
Gamble
Co.
(The)
.............................
United
States
200,000
31,260,000
Industrial
Conglomerates
0.5%
Honeywell
International,
Inc.
.............................
United
States
100,000
19,413,000
IT
Services
0.4%
International
Business
Machines
Corp.
.....................
United
States
100,000
14,418,000
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
131
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Metals
&
Mining
0.7%
Rio
Tinto
plc,
ADR
.....................................
Australia
400,000
$
26,620,000
Multi-Utilities
1.0%
DTE
Energy
Co.
......................................
United
States
150,000
17,145,000
Sempra
.............................................
United
States
125,000
18,627,500
35,772,500
Oil,
Gas
&
Consumable
Fuels
2.8%
Chevron
Corp.
.......................................
United
States
450,000
73,647,000
Exxon
Mobil
Corp.
.....................................
United
States
300,000
32,172,000
105,819,000
Pharmaceuticals
2.4%
AstraZeneca
plc,
ADR
..................................
United
Kingdom
350,000
25,095,000
a
Bristol-Myers
Squibb
Co.
................................
United
States
500,000
31,095,000
Johnson
&
Johnson
...................................
United
States
200,000
33,506,000
89,696,000
Semiconductors
&
Semiconductor
Equipment
2.8%
Analog
Devices,
Inc.
...................................
United
States
200,000
39,906,000
Texas
Instruments,
Inc.
.................................
United
States
350,000
63,000,000
102,906,000
Specialty
Retail
1.3%
Home
Depot,
Inc.
(The)
.................................
United
States
150,000
50,076,000
Tobacco
0.5%
Philip
Morris
International,
Inc.
...........................
United
States
200,000
19,944,000
Total
Common
Stocks
(Cost
$892,748,565)
.....................................
1,122,824,590
Management
Investment
Companies
1.6%
Capital
Markets
1.6%
b
Franklin
Systematic
Style
Premia
ETF
......................
United
States
640,000
14,068,800
b
Franklin
U.S.
Low
Volatility
ETF
...........................
United
States
780,000
39,171,600
b
Western
Asset
Diversified
Income
Fund
.....................
United
States
500,905
6,912,489
60,152,889
Total
Management
Investment
Companies
(Cost
$52,074,594)
....................
60,152,889
Equity-Linked
Securities
7.3%
Aerospace
&
Defense
0.5%
c
Merrill
Lynch
International
&
Co.
CV
into
Raytheon
Technologies
Corp.,
144A,
7.5%,
5/08/24
............................
United
States
200,000
18,267,139
Automobiles
0.3%
c
Barclays
Bank
plc
into
Ford
Motor
Co.,
144A,
12%,
2/09/24
......
United
States
725,000
9,599,228
Banks
1.2%
c
Barclays
Bank
plc
into
JPMorgan
Chase
&
Co.,
144A,
8%,
9/08/23
United
States
275,000
38,807,834
c
Citigroup
Global
Markets
Holdings,
Inc.
into
Bank
of
America
Corp.,
144A,
8%,
8/16/24
...................................
United
States
200,000
6,380,388
45,188,222
Broadline
Retail
0.3%
c
Goldman
Sachs
International
Bank
into
Amazon.com,
Inc.,
144A,
9%,
11/20/24
.......................................
United
States
98,000
11,868,258
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
132
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Equity-Linked
Securities
(continued)
Capital
Markets
0.2%
c
UBS
AG
into
Charles
Schwab
Corp.
(The),
144A,
10%,
7/17/24
...
United
States
150,000
$
8,956,668
Communications
Equipment
0.8%
c
Mizuho
Markets
Cayman
LP
into
Cisco
Systems,
Inc.,
144A,
7.5%,
7/23/24
...........................................
United
States
600,000
31,159,906
Electric
Utilities
0.5%
c
Mizuho
Markets
Cayman
LP
into
NextEra
Energy,
Inc.,
144A,
8%,
3/19/24
...........................................
United
States
275,000
20,049,522
Ground
Transportation
0.6%
c
UBS
AG
into
Union
Pacific
Corp.,
144A,
8%,
3/13/24
...........
United
States
100,000
21,709,977
Machinery
0.3%
c
National
Bank
of
Canada
into
Cummins,
Inc.,
144A,
8.5%,
2/13/24
United
States
45,000
11,568,804
Media
0.9%
c
BNP
Paribas
Issuance
BV
into
Comcast
Corp.,
144A,
8.5%,
8/10/23
United
States
100,000
4,531,298
c
Royal
Bank
of
Canada
into
Comcast
Corp.,
144A,
8%,
7/12/24
...
United
States
660,000
29,234,196
33,765,494
Oil,
Gas
&
Consumable
Fuels
0.3%
c
Citigroup
Global
Markets
Holdings,
Inc.
into
Exxon
Mobil
Corp.,
144A,
9.5%,
2/22/24
.................................
United
States
100,000
10,856,241
Software
1.4%
c
Mizuho
Markets
Cayman
LP
into
Workday,
Inc.,
144A,
10%,
8/03/23
United
States
289,000
50,810,766
Total
Equity-Linked
Securities
(Cost
$255,792,120)
..............................
273,800,225
Convertible
Preferred
Stocks
0.2%
Electric
Utilities
0.2%
NextEra
Energy,
Inc.,
6.926%
............................
United
States
200,000
9,146,000
Total
Convertible
Preferred
Stocks
(Cost
$9,015,900)
............................
9,146,000
Principal
Amount
*
Corporate
Bonds
54.1%
Aerospace
&
Defense
0.9%
Boeing
Co.
(The)
,
Senior
Bond,
3.2%,
3/01/29
............................
United
States
15,000,000
13,590,093
Senior
Note,
5.04%,
5/01/27
...........................
United
States
5,000,000
4,961,638
Senior
Note,
5.15%,
5/01/30
...........................
United
States
15,000,000
14,884,481
33,436,212
Automobile
Components
0.2%
d
Goodyear
Tire
&
Rubber
Co.
(The)
,
Senior
Note
,
5.25
%
,
7/15/31
..
United
States
7,500,000
6,681,831
Automobiles
0.8%
Ford
Motor
Co.
,
Senior
Bond
,
6.1
%
,
8/19/32
.................
United
States
15,000,000
14,525,613
General
Motors
Co.
,
Senior
Bond
,
5.6
%
,
10/15/32
.............
United
States
15,000,000
14,700,344
29,225,957
Banks
4.7%
Bank
of
America
Corp.
,
Senior
Bond,
3.419%
to
12/19/27,
FRN
thereafter,
12/20/28
...
United
States
10,000,000
9,213,997
Senior
Bond,
4.571%
to
4/26/32,
FRN
thereafter,
4/27/33
.....
United
States
15,000,000
14,107,569
L,
Sub.
Bond,
4.183%,
11/25/27
........................
United
States
10,000,000
9,545,736
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
133
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Banks
(continued)
Barclays
plc
,
Senior
Bond,
4.337%,
1/10/28
..........................
United
Kingdom
15,000,000
$
14,204,917
Senior
Bond,
5.746%
to
8/08/32,
FRN
thereafter,
8/09/33
.....
United
Kingdom
10,000,000
9,796,045
Senior
Note,
7.385%
to
11/01/27,
FRN
thereafter,
11/02/28
....
United
Kingdom
15,000,000
15,790,932
Citigroup,
Inc.
,
Senior
Bond,
3.668%
to
7/23/27,
FRN
thereafter,
7/24/28
.....
United
States
20,000,000
18,683,982
Senior
Bond,
6.27%
to
11/16/32,
FRN
thereafter,
11/17/33
.....
United
States
10,000,000
10,621,925
PNC
Financial
Services
Group,
Inc.
(The)
,
Senior
Bond
,
6.037%
to
10/27/32,
FRN
thereafter
,
10/28/33
.......................
United
States
10,000,000
10,287,274
Truist
Bank
,
Sub.
Bond
,
2.636%
to
9/16/24,
FRN
thereafter
,
9/17/29
United
States
10,000,000
9,274,037
Truist
Financial
Corp.
,
Senior
Bond
,
6.123%
to
10/27/32,
FRN
thereafter
,
10/28/33
..................................
United
States
10,000,000
10,261,095
US
Bancorp
,
Senior
Bond,
5.85%
to
10/20/32,
FRN
thereafter,
10/21/33
....
United
States
10,000,000
10,132,969
Senior
Note,
4.548%
to
7/21/27,
FRN
thereafter,
7/22/28
......
United
States
10,000,000
9,624,131
Wells
Fargo
&
Co.
,
Senior
Bond,
4.478%
to
4/03/30,
FRN
thereafter,
4/04/31
.....
United
States
15,000,000
14,232,356
Senior
Bond,
5.557%
to
7/24/33,
FRN
thereafter,
7/25/34
.....
United
States
10,000,000
10,043,254
175,820,219
Biotechnology
1.0%
AbbVie,
Inc.
,
Senior
Bond,
4.55%,
3/15/35
...........................
United
States
15,000,000
14,296,596
Senior
Bond,
4.5%,
5/14/35
............................
United
States
10,000,000
9,482,891
Amgen,
Inc.
,
Senior
Bond
,
5.25
%
,
3/02/33
...................
United
States
15,000,000
14,976,019
38,755,506
Broadline
Retail
0.2%
Amazon.com,
Inc.
,
Senior
Bond
,
3.6
%
,
4/13/32
...............
United
States
10,000,000
9,274,719
Building
Products
0.3%
c
Emerald
Debt
Merger
Sub
LLC
,
Senior
Secured
Note
,
144A,
6.625
%
,
12/15/30
....................................
United
States
10,000,000
9,950,000
Capital
Markets
1.9%
Charles
Schwab
Corp.
(The)
,
Senior
Bond
,
5.853%
to
5/18/33,
FRN
thereafter
,
5/19/34
...................................
United
States
10,000,000
10,312,220
Goldman
Sachs
Group,
Inc.
(The)
,
Senior
Bond,
2.615%
to
4/21/31,
FRN
thereafter,
4/22/32
.....
United
States
10,000,000
8,207,230
Senior
Bond,
2.65%
to
10/20/31,
FRN
thereafter,
10/21/32
....
United
States
15,000,000
12,187,035
Morgan
Stanley
,
Senior
Bond,
2.699%
to
1/21/30,
FRN
thereafter,
1/22/31
.....
United
States
10,000,000
8,539,033
Senior
Bond,
6.342%
to
10/17/32,
FRN
thereafter,
10/18/33
...
United
States
15,000,000
15,956,060
Sub.
Bond,
4.35%,
9/08/26
............................
United
States
15,000,000
14,503,147
69,704,725
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
134
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Chemicals
1.8%
Celanese
US
Holdings
LLC
,
Senior
Note
,
6.33
%
,
7/15/29
.......
United
States
20,000,000
$
20,087,030
Dow
Chemical
Co.
(The)
,
Senior
Bond
,
6.3
%
,
3/15/33
..........
United
States
10,000,000
10,684,767
DuPont
de
Nemours,
Inc.
,
Senior
Note
,
4.493
%
,
11/15/25
.......
United
States
10,000,000
9,819,862
Huntsman
International
LLC
,
Senior
Bond
,
4.5
%
,
5/01/29
.......
United
States
20,000,000
18,588,644
c
International
Flavors
&
Fragrances,
Inc.
,
Senior
Bond
,
144A,
2.3
%
,
11/01/30
..........................................
United
States
10,000,000
7,973,922
67,154,225
Communications
Equipment
0.2%
c
CommScope
Technologies
LLC
,
Senior
Note
,
144A,
6
%
,
6/15/25
..
United
States
10,000,000
9,081,107
Consumer
Finance
2.8%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
,
Senior
Bond
,
3.4
%
,
10/29/33
.................................
Ireland
20,000,000
16,008,797
Capital
One
Financial
Corp.
,
Senior
Bond,
5.268%
to
5/09/32,
FRN
thereafter,
5/10/33
.....
United
States
10,000,000
9,529,822
Senior
Note,
6.312%
to
6/07/28,
FRN
thereafter,
6/08/29
......
United
States
10,000,000
10,042,628
Senior
Note,
3.273%
to
2/28/29,
FRN
thereafter,
3/01/30
......
United
States
15,000,000
12,929,300
Ford
Motor
Credit
Co.
LLC
,
Senior
Note,
7.35%,
11/04/27
..........................
United
States
15,000,000
15,409,140
Senior
Note,
3.625%,
6/17/31
..........................
United
States
15,000,000
12,412,755
General
Motors
Financial
Co.,
Inc.
,
Senior
Bond,
6.4%,
1/09/33
............................
United
States
10,000,000
10,294,584
Senior
Note,
4.3%,
4/06/29
............................
United
States
20,000,000
18,611,961
105,238,987
Consumer
Staples
Distribution
&
Retail
0.3%
Target
Corp.
,
Senior
Bond
,
4.5
%
,
9/15/32
...................
United
States
10,000,000
9,747,645
Containers
&
Packaging
1.1%
c
Ardagh
Packaging
Finance
plc
/
Ardagh
Holdings
USA,
Inc.
,
Senior
Note
,
144A,
5.25
%
,
8/15/27
............................
United
States
25,000,000
21,489,275
c
Mauser
Packaging
Solutions
Holding
Co.
,
Secured
Note
,
144A,
9.25
%
,
4/15/27
.....................................
United
States
20,000,000
18,609,192
40,098,467
Diversified
REITs
0.5%
c
VICI
Properties
LP
/
VICI
Note
Co.,
Inc.
,
Senior
Bond
,
144A,
4.625
%
,
12/01/29
..........................................
United
States
20,000,000
18,293,600
Diversified
Telecommunication
Services
0.5%
Verizon
Communications,
Inc.
,
Senior
Note
,
2.355
%
,
3/15/32
....
United
States
25,000,000
19,972,477
Electric
Utilities
2.7%
Edison
International
,
Senior
Note
,
6.95
%
,
11/15/29
............
United
States
20,000,000
21,280,784
Pacific
Gas
and
Electric
Co.
,
Senior
Bond,
4.55%,
7/01/30
...........................
United
States
25,000,000
22,729,683
Senior
Bond,
6.15%,
1/15/33
...........................
United
States
10,000,000
9,879,754
Southern
Co.
(The)
,
Senior
Bond
,
5.7
%
,
10/15/32
.............
United
States
15,000,000
15,489,371
c
Vistra
Operations
Co.
LLC
,
Senior
Secured
Bond
,
144A,
4.3
%
,
7/15/29
...........................................
United
States
36,000,000
32,127,987
101,507,579
Electrical
Equipment
0.5%
c
Regal
Rexnord
Corp.
,
Senior
Note
,
144A,
6.05
%
,
4/15/28
.......
United
States
20,000,000
19,891,333
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
135
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Electronic
Equipment,
Instruments
&
Components
1.2%
Flex
Ltd.
,
Senior
Bond,
4.875%,
5/12/30
..........................
United
States
20,000,000
$
19,322,609
Senior
Note,
6%,
1/15/28
.............................
United
States
10,000,000
10,162,415
Jabil,
Inc.
,
Senior
Bond
,
3
%
,
1/15/31
.......................
United
States
20,000,000
17,000,901
46,485,925
Entertainment
0.7%
Netflix,
Inc.
,
Senior
Bond
,
4.875
%
,
4/15/28
..................
United
States
10,000,000
9,886,203
Warnermedia
Holdings,
Inc.
,
Senior
Note
,
4.279
%
,
3/15/32
......
United
States
20,000,000
17,748,754
27,634,957
Financial
Services
0.5%
Fiserv,
Inc.
,
Senior
Bond
,
3.5
%
,
7/01/29
....................
United
States
20,000,000
18,416,050
Food
Products
1.6%
c
JBS
USA
LUX
SA
/
JBS
USA
Food
Co.
/
JBS
USA
Finance,
Inc.
,
Senior
Bond,
144A,
5.5%,
1/15/30
.......................
United
States
10,000,000
9,681,200
Senior
Bond,
144A,
3.75%,
12/01/31
.....................
United
States
5,000,000
4,256,300
Senior
Note,
144A,
3.625%,
1/15/32
.....................
United
States
15,000,000
12,435,000
Pilgrim's
Pride
Corp.
,
Senior
Note
,
4.25
%
,
4/15/31
............
United
States
21,000,000
18,183,834
c
Post
Holdings,
Inc.
,
Senior
Bond
,
144A,
5.5
%
,
12/15/29
........
United
States
15,000,000
13,943,677
58,500,011
Ground
Transportation
1.0%
c
Ashtead
Capital,
Inc.
,
Senior
Bond
,
144A,
5.5
%
,
8/11/32
........
United
Kingdom
25,000,000
24,243,895
Union
Pacific
Corp.
,
Senior
Bond
,
4.5
%
,
1/20/33
..............
United
States
15,000,000
14,683,715
38,927,610
Health
Care
Equipment
&
Supplies
1.3%
Edwards
Lifesciences
Corp.
,
Senior
Bond
,
4.3
%
,
6/15/28
.......
United
States
9,700,000
9,410,559
GE
HealthCare
Technologies,
Inc.
,
WI
,
Senior
Note
,
5.905
%
,
11/22/32
..........................................
United
States
15,000,000
15,599,642
c
Medline
Borrower
LP
,
Senior
Note,
144A,
5.25%,
10/01/29
.....................
United
States
10,000,000
8,880,785
Senior
Secured
Note,
144A,
3.875%,
4/01/29
..............
United
States
15,000,000
13,148,583
47,039,569
Health
Care
Providers
&
Services
5.4%
Centene
Corp.
,
Senior
Note
,
4.625
%
,
12/15/29
...............
United
States
25,000,000
23,265,750
c
CHS/Community
Health
Systems,
Inc.
,
Secured
Note,
144A,
6.125%,
4/01/30
....................
United
States
20,000,000
12,628,648
Senior
Secured
Note,
144A,
8%,
3/15/26
..................
United
States
40,000,000
39,316,664
Senior
Secured
Note,
144A,
8%,
12/15/27
.................
United
States
10,000,000
9,787,500
CVS
Health
Corp.
,
Senior
Bond,
3.25%,
8/15/29
...........................
United
States
15,000,000
13,500,633
Senior
Bond,
3.75%,
4/01/30
...........................
United
States
10,000,000
9,147,057
c
DaVita,
Inc.
,
Senior
Bond,
144A,
3.75%,
2/15/31
......................
United
States
10,500,000
8,407,636
Senior
Note,
144A,
4.625%,
6/01/30
.....................
United
States
16,000,000
13,667,222
c
Fresenius
Medical
Care
US
Finance
III,
Inc.
,
Senior
Bond
,
144A,
3
%
,
12/01/31
..........................................
Germany
20,000,000
15,694,167
HCA,
Inc.
,
Senior
Bond,
4.125%,
6/15/29
..........................
United
States
10,000,000
9,284,231
c
Senior
Bond,
144A,
3.625%,
3/15/32
.....................
United
States
15,000,000
13,042,453
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
136
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Health
Care
Providers
&
Services
(continued)
Humana,
Inc.
,
Senior
Bond
,
5.875
%
,
3/01/33
.................
United
States
15,000,000
$
15,623,158
Tenet
Healthcare
Corp.
,
Senior
Note,
6.125%,
10/01/28
.........................
United
States
10,000,000
9,534,900
Senior
Secured
Note,
4.375%,
1/15/30
...................
United
States
10,000,000
8,927,858
201,827,877
Health
Care
REITs
0.5%
Healthpeak
OP
LLC
,
Senior
Note
,
5.25
%
,
12/15/32
............
United
States
20,000,000
19,697,844
Hotels,
Restaurants
&
Leisure
1.9%
c
Carnival
Corp.
,
Senior
Note
,
144A,
5.75
%
,
3/01/27
............
United
States
15,000,000
13,888,656
Expedia
Group,
Inc.
,
Senior
Bond,
3.8%,
2/15/28
............................
United
States
15,000,000
14,112,828
Senior
Note,
5%,
2/15/26
.............................
United
States
10,000,000
9,915,319
Starbucks
Corp.
,
Senior
Bond
,
3
%
,
2/14/32
..................
United
States
10,000,000
8,646,670
c
Wynn
Las
Vegas
LLC
/
Wynn
Las
Vegas
Capital
Corp.
,
Senior
Bond,
144A,
5.5%,
3/01/25
.......................
United
States
4,000,000
3,928,253
Senior
Note,
144A,
5.25%,
5/15/27
......................
United
States
20,000,000
19,026,780
69,518,506
Household
Durables
0.3%
Toll
Brothers
Finance
Corp.
,
Senior
Bond
,
4.35
%
,
2/15/28
.......
United
States
10,000,000
9,468,881
Insurance
1.2%
Brown
&
Brown,
Inc.
,
Senior
Bond
,
2.375
%
,
3/15/31
...........
United
States
31,000,000
25,111,095
c
Five
Corners
Funding
Trust
III
,
Senior
Note
,
144A,
5.791
%
,
2/15/33
United
States
10,000,000
10,206,132
MetLife,
Inc.
,
Junior
Sub.
Bond
,
6.4
%
,
12/15/36
...............
United
States
10,000,000
10,011,162
45,328,389
Interactive
Media
&
Services
0.3%
Meta
Platforms,
Inc.
,
Senior
Note
,
3.85
%
,
8/15/32
.............
United
States
10,000,000
9,309,786
Metals
&
Mining
2.5%
c
Alcoa
Nederland
Holding
BV
,
Senior
Note
,
144A,
4.125
%
,
3/31/29
.
United
States
15,000,000
13,467,419
ArcelorMittal
SA
,
Senior
Bond,
4.25%,
7/16/29
...........................
Luxembourg
7,700,000
7,346,767
Senior
Note,
6.55%,
11/29/27
..........................
Luxembourg
25,000,000
25,860,862
c
FMG
Resources
August
2006
Pty.
Ltd.
,
Senior
Note
,
144A,
5.875
%
,
4/15/30
...........................................
Australia
15,000,000
14,401,810
Freeport-McMoRan,
Inc.
,
Senior
Bond,
4.625%,
8/01/30
..........................
United
States
15,000,000
14,157,264
Senior
Note,
4.125%,
3/01/28
..........................
United
States
5,000,000
4,717,142
c
Glencore
Funding
LLC
,
Senior
Bond
,
144A,
4.875
%
,
3/12/29
.....
Australia
15,000,000
14,696,385
94,647,649
Multi-Utilities
0.8%
Dominion
Energy,
Inc.
,
A
,
Senior
Note
,
4.35
%
,
8/15/32
.........
United
States
15,000,000
14,070,146
Sempra
,
Senior
Bond
,
5.5
%
,
8/01/33
.......................
United
States
15,000,000
15,011,428
29,081,574
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
137
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Oil,
Gas
&
Consumable
Fuels
2.4%
BP
Capital
Markets
America,
Inc.
,
Senior
Bond
,
3.633
%
,
4/06/30
..
United
States
10,000,000
$
9,310,320
c
Calumet
Specialty
Products
Partners
LP
/
Calumet
Finance
Corp.
,
Senior
Note
,
144A,
11
%
,
4/15/25
........................
United
States
15,000,000
15,463,500
Cheniere
Corpus
Christi
Holdings
LLC
,
Senior
Secured
Note
,
3.7
%
,
11/15/29
..........................................
United
States
10,000,000
9,133,080
Energy
Transfer
LP
,
Senior
Bond
,
5.75
%
,
2/15/33
.............
United
States
15,000,000
15,200,280
Occidental
Petroleum
Corp.
,
Senior
Note
,
6.375
%
,
9/01/28
......
United
States
10,000,000
10,276,550
Williams
Cos.,
Inc.
(The)
,
Senior
Bond,
4.65%,
8/15/32
...........................
United
States
20,000,000
19,090,554
Senior
Bond,
5.65%,
3/15/33
...........................
United
States
10,000,000
10,167,233
88,641,517
Passenger
Airlines
1.0%
c
Delta
Air
Lines,
Inc.
/
SkyMiles
IP
Ltd.
,
Senior
Secured
Note
,
144A,
4.75
%
,
10/20/28
.....................................
United
States
25,000,000
24,216,749
c
Mileage
Plus
Holdings
LLC
/
Mileage
Plus
Intellectual
Property
Assets
Ltd.
,
Senior
Secured
Note
,
144A,
6.5
%
,
6/20/27
.......
United
States
12,000,000
12,010,133
36,226,882
Personal
Care
Products
0.6%
Haleon
US
Capital
LLC
,
Senior
Note
,
3.625
%
,
3/24/32
.........
United
States
25,000,000
22,397,635
Pharmaceuticals
1.9%
c
1375209
BC
Ltd.
,
Senior
Secured
Note
,
144A,
9
%
,
1/30/28
......
Canada
5,454,000
5,472,916
c
Bausch
Health
Cos.,
Inc.
,
Senior
Secured
Note
,
144A,
5.5
%
,
11/01/25
..........................................
United
States
20,000,000
18,027,000
c
Bayer
US
Finance
II
LLC
,
Senior
Note
,
144A,
4.25
%
,
12/15/25
...
Germany
15,000,000
14,556,950
Royalty
Pharma
plc
,
Senior
Bond
,
2.15
%
,
9/02/31
.............
United
States
20,000,000
15,649,525
Viatris,
Inc.
,
Senior
Note
,
2.7
%
,
6/22/30
.....................
United
States
20,000,000
16,354,176
70,060,567
Semiconductors
&
Semiconductor
Equipment
1.8%
Broadcom,
Inc.
,
Senior
Bond,
4.3%,
11/15/32
...........................
United
States
10,000,000
9,128,952
c
Senior
Bond,
144A,
3.469%,
4/15/34
.....................
United
States
30,000,000
24,625,269
Intel
Corp.
,
Senior
Bond
,
5.2
%
,
2/10/33
.....................
United
States
10,000,000
10,120,367
Microchip
Technology,
Inc.
,
Senior
Note
,
4.25
%
,
9/01/25
........
United
States
5,000,000
4,866,548
Micron
Technology,
Inc.
,
Senior
Bond,
4.663%,
2/15/30
..........................
United
States
15,000,000
14,223,484
Senior
Bond,
5.875%,
2/09/33
..........................
United
States
5,000,000
5,007,641
67,972,261
Software
1.3%
Oracle
Corp.
,
Senior
Bond,
6.25%,
11/09/32
..........................
United
States
10,000,000
10,579,161
Senior
Bond,
3.9%,
5/15/35
............................
United
States
20,000,000
17,259,206
Workday,
Inc.
,
Senior
Bond
,
3.8
%
,
4/01/32
..................
United
States
25,000,000
22,465,666
50,304,033
Specialized
REITs
0.8%
American
Tower
Corp.
,
Senior
Bond
,
3.8
%
,
8/15/29
............
United
States
25,000,000
22,932,874
Crown
Castle,
Inc.
,
Senior
Bond
,
2.5
%
,
7/15/31
...............
United
States
10,000,000
8,165,626
31,098,500
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
138
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Specialty
Retail
0.7%
Lowe's
Cos.,
Inc.
,
Senior
Bond,
3.75%,
4/01/32
...........................
United
States
20,000,000
$
18,146,309
Senior
Note,
1.7%,
10/15/30
...........................
United
States
10,000,000
8,021,477
26,167,786
Technology
Hardware,
Storage
&
Peripherals
0.9%
Apple,
Inc.
,
Senior
Bond
,
3.35
%
,
8/08/32
....................
United
States
10,000,000
9,293,458
HP,
Inc.
,
Senior
Bond
,
5.5
%
,
1/15/33
.......................
United
States
25,000,000
24,681,869
33,975,327
Tobacco
1.7%
Altria
Group,
Inc.
,
Senior
Bond
,
2.45
%
,
2/04/32
...............
United
States
15,000,000
11,818,545
BAT
Capital
Corp.
,
Senior
Bond,
4.742%,
3/16/32
..........................
United
Kingdom
15,000,000
13,621,106
Senior
Bond,
7.75%,
10/19/32
..........................
United
Kingdom
25,000,000
27,762,037
Philip
Morris
International,
Inc.
,
Senior
Note
,
5.125
%
,
2/15/30
....
United
States
10,000,000
9,941,547
63,143,235
Trading
Companies
&
Distributors
0.6%
c
United
Rentals
North
America,
Inc.
,
Senior
Secured
Note
,
144A,
6
%
,
12/15/29
..........................................
United
States
22,500,000
22,496,132
Wireless
Telecommunication
Services
0.8%
Sprint
LLC
,
Senior
Note
,
7.625
%
,
2/15/25
...................
United
States
10,000,000
10,235,313
c
Sprint
Spectrum
Co.
LLC
/
Sprint
Spectrum
Co.
II
LLC
/
Sprint
Spectrum
Co.
III
LLC
,
Senior
Secured
Note
,
144A,
4.738
%
,
3/20/25
...........................................
United
States
3,281,250
3,245,700
T-Mobile
USA,
Inc.
,
Senior
Bond
,
3.5
%
,
4/15/31
..............
United
States
20,000,000
17,598,688
31,079,701
Total
Corporate
Bonds
(Cost
$1,985,095,137)
...................................
2,023,282,793
U.S.
Government
and
Agency
Securities
5.1%
U.S.
Treasury
Bonds
,
3.625
%,
2/15/53
.....................
United
States
87,500,000
81,634,766
U.S.
Treasury
Notes
,
4%,
2/28/30
........................................
United
States
50,000,000
49,691,406
3.375%,
5/15/33
.....................................
United
States
63,500,000
60,578,008
Total
U.S.
Government
and
Agency
Securities
(Cost
$191,020,537)
................
191,904,180
Asset-Backed
Securities
0.4%
Passenger
Airlines
0.4%
United
Airlines
Pass-Through
Trust
,
2020-1,
A,
5.875%,
10/15/27
...........................
United
States
6,828,333
6,803,022
2020-1,
B,
4.875%,
7/15/27
............................
United
States
7,758,000
7,494,609
14,297,631
a
a
a
a
a
a
Total
Asset-Backed
Securities
(Cost
$14,586,334)
...............................
14,297,631
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
139
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Mortgage-Backed
Securities
0.0%
†
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
0.0%
†
FNMA,
30
Year,
4%,
8/01/49
.............................
United
States
1,049,815
$
998,980
Total
Mortgage-Backed
Securities
(Cost
$1,112,147)
.............................
998,980
Total
Long
Term
Investments
(Cost
$3,401,445,334)
.............................
3,696,407,288
a
Short
Term
Investments
0.3%
a
a
Country
Shares
a
Value
a
a
a
Money
Market
Funds
0.3%
b,e
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
....
United
States
12,432,631
12,432,631
Total
Money
Market
Funds
(Cost
$12,432,631)
..................................
12,432,631
Total
Short
Term
Investments
(Cost
$12,432,631
)
................................
12,432,631
a
Total
Investments
(Cost
$3,413,877,965)
99.0%
..................................
$3,708,839,919
Options
Written
(0.0)%
†
......................................................
(1,577,500)
Other
Assets,
less
Liabilities
1.0%
.............................................
37,139,697
Net
Assets
100.0%
...........................................................
$3,744,402,116
Number
of
Contracts
Notional
Amount
#
a
a
a
Options
Written
(0.0)%
†
Calls
-
Exchange-Traded
Equity
Options
AbbVie,
Inc.,
November
Strike
Price
$150.00,
Expires
11/17/23
...
1,250
18,697,500
(797,500)
Bristol-Myers
Squibb
Co.,
December
Strike
Price
$70.00,
Expires
12/15/23
..........................................
2,500
15,547,500
(125,000)
Goldman
Sachs
Group,
Inc.
(The),
November
Strike
Price
$365.00,
Expires
11/17/23
....................................
500
17,793,500
(655,000)
(1,577,500)
Total
Options
Written
(Premiums
received
$648,384)
............................
$
(1,577,500)
#
Notional
amount
is
the
number
of
contracts
multiplied
by
contract
size,
and
may
be
multiplied
by
the
underlying
price.
May
include
currency
units,
bushels,
shares,
pounds,
barrels
or
other
units.
Currency
units
are
stated
in
U.S.
dollars
unless
otherwise
indicated.
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
A
portion
or
all
of
the
security
is
held
in
connection
with
written
option
contracts
open
at
period
end.
b
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
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
July
31,
2023,
the
aggregate
value
of
these
securities
was
$840,080,155,
representing
22.4%
of
net
assets.
d
A
portion
or
all
of
the
security
is
on
loan
at
July
31,
2023.
e
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
140
At
July
31,
2023,
the
Fund
had
the
following futures
contracts
outstanding.
See
Abbreviations
on
page
286
.
Futures
Contracts
Description
Type
Number
of
Contracts
Notional
Amount
*
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Interest
rate
contracts
U.S.
Treasury
10
Year
Notes
....................
Long
1,000
$
111,968,750
12/19/23
$
617,040
U.S.
Treasury
Ultra
Bonds
......................
Long
680
89,908,750
9/20/23
(1,341,190)
Total
Futures
Contracts
......................................................................
$(724,150)
*
As
of
period
end.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2023
Franklin
Total
Return
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
141
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
0.1%
Broadline
Retail
0.0%
a,b,c
K2016470219
South
Africa
Ltd.,
A
.........................
South
Africa
28,762,824
$
—
a,b,c
K2016470219
South
Africa
Ltd.,
B
.........................
South
Africa
2,862,311
—
—
Energy
Equipment
&
Services
0.1%
b
Valaris
Ltd.
..........................................
United
States
2,435
187,008
b
Weatherford
International
plc
.............................
United
States
34,108
2,834,375
3,021,383
Total
Common
Stocks
(Cost
$1,643,717)
.......................................
3,021,383
Management
Investment
Companies
14.6%
Capital
Markets
14.6%
d
Franklin
Floating
Rate
Income
Fund
.......................
United
States
14,064,953
112,097,675
d
Franklin
Investment
Grade
Corporate
ETF
...................
United
States
16,060,000
340,472,000
d
Franklin
Senior
Loan
ETF
...............................
United
States
1,737,400
41,906,088
494,475,763
Total
Management
Investment
Companies
(Cost
$560,132,239)
...................
494,475,763
Preferred
Stocks
0.1%
Banks
0.1%
Citigroup
Capital
XIII,
12.001%
...........................
United
States
93,000
2,696,070
Total
Preferred
Stocks
(Cost
$2,325,000)
.......................................
2,696,070
Principal
Amount
*
Corporate
Bonds
18.6%
Aerospace
&
Defense
0.5%
Boeing
Co.
(The)
,
Senior
Note
,
5.15
%
,
5/01/30
...............
United
States
13,500,000
13,396,033
Northrop
Grumman
Corp.
,
Senior
Bond
,
5.25
%
,
5/01/50
........
United
States
3,500,000
3,536,469
16,932,502
Air
Freight
&
Logistics
0.1%
e
DAE
Funding
LLC
,
Senior
Note
,
144A,
1.55
%
,
8/01/24
.........
United
Arab
Emirates
3,300,000
3,146,929
Banks
4.4%
Banco
Santander
SA
,
Sub.
Bond
,
2.749
%
,
12/03/30
...........
Spain
3,600,000
2,832,996
Bank
of
America
Corp.
,
Senior
Bond,
2.592%
to
4/28/30,
FRN
thereafter,
4/29/31
.....
United
States
6,700,000
5,636,293
Senior
Bond,
1.922%
to
10/23/30,
FRN
thereafter,
10/24/31
...
United
States
5,300,000
4,201,386
e
BNP
Paribas
SA
,
Senior
Note
,
144A,
2.819%
to
11/18/24,
FRN
thereafter
,
11/19/25
..................................
France
3,200,000
3,064,680
e
BPCE
SA
,
Senior
Note
,
144A,
2.045%
to
10/18/26,
FRN
thereafter
,
10/19/27
..........................................
France
9,500,000
8,411,961
Citigroup,
Inc.
,
Senior
Bond,
2.572%
to
6/02/30,
FRN
thereafter,
6/03/31
.....
United
States
8,000,000
6,682,183
Senior
Bond,
3.057%
to
1/24/32,
FRN
thereafter,
1/25/33
.....
United
States
8,600,000
7,185,263
HSBC
Holdings
plc
,
Senior
Note,
0.976%
to
5/23/24,
FRN
thereafter,
5/24/25
......
United
Kingdom
10,500,000
10,039,274
Senior
Note,
1.589%
to
5/23/26,
FRN
thereafter,
5/24/27
......
United
Kingdom
11,200,000
9,978,463
JPMorgan
Chase
&
Co.
,
Senior
Bond,
4.493%
to
3/23/30,
FRN
thereafter,
3/24/31
.....
United
States
17,100,000
16,387,179
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
142
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Banks
(continued)
JPMorgan
Chase
&
Co.,
(continued)
Sub.
Bond,
4.95%,
6/01/45
............................
United
States
1,600,000
$
1,496,857
KeyBank
NA
,
Senior
Note
,
4.15
%
,
8/08/25
..................
United
States
6,200,000
5,935,768
Mitsubishi
UFJ
Financial
Group,
Inc.
,
Senior
Note
,
5.063%
to
9/11/24,
FRN
thereafter
,
9/12/25
.........................
Japan
11,100,000
10,984,851
Mizuho
Financial
Group,
Inc.
,
Senior
Note
,
5.778%
to
7/05/28,
FRN
thereafter
,
7/06/29
...................................
Japan
6,000,000
6,030,259
e
Nordea
Bank
Abp
,
Senior
Note
,
144A,
4.75
%
,
9/22/25
..........
Finland
5,200,000
5,110,278
Santander
UK
Group
Holdings
plc
,
Senior
Note
,
1.673%
to
6/23/26,
FRN
thereafter
,
6/14/27
...............................
United
Kingdom
6,500,000
5,697,774
e
Societe
Generale
SA
,
Senior
Note
,
144A,
1.792%
to
6/08/26,
FRN
thereafter
,
6/09/27
...................................
France
10,800,000
9,537,995
Toronto-Dominion
Bank
(The)
,
Senior
Note
,
4.693
%
,
9/15/27
.....
Canada
12,000,000
11,774,618
US
Bancorp
,
Senior
Note
,
5.727%
to
10/20/25,
FRN
thereafter
,
10/21/26
..........................................
United
States
4,300,000
4,315,392
Wells
Fargo
&
Co.
,
Senior
Bond,
3.35%
to
3/01/32,
FRN
thereafter,
3/02/33
......
United
States
9,000,000
7,709,684
Senior
Note,
4.54%
to
8/14/25,
FRN
thereafter,
8/15/26
.......
United
States
4,000,000
3,913,747
146,926,901
Beverages
0.1%
Anheuser-Busch
Cos.
LLC
/
Anheuser-Busch
InBev
Worldwide,
Inc.
,
Senior
Bond,
4.7%,
2/01/36
............................
Belgium
1,800,000
1,746,758
Senior
Bond,
4.9%,
2/01/46
............................
Belgium
3,400,000
3,225,573
4,972,331
Biotechnology
0.5%
AbbVie,
Inc.
,
Senior
Bond
,
4.7
%
,
5/14/45
...................
United
States
3,200,000
2,904,154
Amgen,
Inc.
,
Senior
Bond
,
5.25
%
,
3/02/33
...................
United
States
7,800,000
7,787,530
Biogen,
Inc.
,
Senior
Bond
,
2.25
%
,
5/01/30
...................
United
States
6,900,000
5,704,377
16,396,061
Broadline
Retail
0.0%
a,e,f
K2016470219
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
3
%
,
12/31/22
.......................................
South
Africa
2,492,650
—
a,e,f
K2016470260
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
25
%
,
12/31/22
......................................
South
Africa
1,098,025
—
—
Capital
Markets
1.4%
Deutsche
Bank
AG
,
Senior
Note
,
5.371
%
,
9/09/27
.............
Germany
9,500,000
9,429,503
Goldman
Sachs
Group,
Inc.
(The)
,
Senior
Bond,
2.65%
to
10/20/31,
FRN
thereafter,
10/21/32
....
United
States
15,000,000
12,187,036
Senior
Note,
1.948%
to
10/20/26,
FRN
thereafter,
10/21/27
....
United
States
9,700,000
8,657,060
Morgan
Stanley
,
Senior
Bond
,
1.928%
to
4/27/31,
FRN
thereafter
,
4/28/32
...........................................
United
States
15,200,000
11,897,303
UBS
Group
AG
,
Senior
Note,
4.55%,
4/17/26
...........................
Switzerland
3,400,000
3,298,425
e
Senior
Note,
144A,
2.193%
to
6/04/25,
FRN
thereafter,
6/05/26
.
Switzerland
1,000,000
927,916
e
Senior
Note,
144A,
6.373%
to
7/14/25,
FRN
thereafter,
7/15/26
.
Switzerland
2,300,000
2,303,356
48,700,599
Chemicals
0.2%
e
Braskem
Idesa
SAPI
,
Senior
Secured
Bond
,
144A,
6.99
%
,
2/20/32
Mexico
9,300,000
6,004,834
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
143
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Consumer
Finance
0.3%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
,
Senior
Bond
,
3.4
%
,
10/29/33
.................................
Ireland
14,600,000
$
11,686,422
Containers
&
Packaging
0.2%
e
Pactiv
Evergreen
Group
Issuer,
Inc.
/
Pactiv
Evergreen
Group
Issuer
LLC
,
Senior
Secured
Note
,
144A,
4
%
,
10/15/27
.............
United
States
2,300,000
2,073,553
WRKCo,
Inc.
,
Senior
Bond
,
3
%
,
6/15/33
....................
United
States
4,700,000
3,823,919
5,897,472
Diversified
REITs
0.1%
Simon
Property
Group
LP
,
Senior
Bond
,
3.25
%
,
9/13/49
........
United
States
2,400,000
1,612,403
e
VICI
Properties
LP
/
VICI
Note
Co.,
Inc.
,
Senior
Note
,
144A,
4.5
%
,
9/01/26
...........................................
United
States
2,000,000
1,895,774
3,508,177
Diversified
Telecommunication
Services
0.3%
AT&T,
Inc.
,
Senior
Bond
,
2.55
%
,
12/01/33
...................
United
States
4,000,000
3,092,234
Verizon
Communications,
Inc.
,
Senior
Note
,
2.355
%
,
3/15/32
....
United
States
9,000,000
7,190,092
10,282,326
Electric
Utilities
1.5%
Commonwealth
Edison
Co.
,
Senior
Bond
,
6.45
%
,
1/15/38
.......
United
States
700,000
764,326
Duke
Energy
Corp.
,
Senior
Bond,
2.45%,
6/01/30
...........................
United
States
2,900,000
2,440,899
Senior
Bond,
3.75%,
9/01/46
...........................
United
States
2,000,000
1,529,425
Duke
Energy
Florida
LLC
,
Senior
Bond
,
6.4
%
,
6/15/38
.........
United
States
1,300,000
1,428,625
Duke
Energy
Ohio,
Inc.
,
Senior
Bond
,
5.25
%
,
4/01/33
..........
United
States
1,300,000
1,316,004
e
Enel
Finance
International
NV
,
Senior
Bond
,
144A,
6.8
%
,
9/15/37
.
Italy
3,000,000
3,173,342
Exelon
Corp.
,
Senior
Bond
,
4.05
%
,
4/15/30
..................
United
States
8,400,000
7,862,095
Florida
Power
&
Light
Co.
,
Senior
Note
,
4.625
%
,
5/15/30
........
United
States
3,600,000
3,558,701
Georgia
Power
Co.
,
Senior
Bond
,
4.3
%
,
3/15/42
..............
United
States
9,000,000
7,779,327
NextEra
Energy
Capital
Holdings,
Inc.
,
Senior
Note
,
6.051
%
,
3/01/25
United
States
3,700,000
3,728,420
Southern
Co.
(The)
,
Senior
Bond,
4.4%,
7/01/46
............................
United
States
2,000,000
1,708,431
A,
Senior
Bond,
3.7%,
4/30/30
.........................
United
States
10,500,000
9,622,772
Virginia
Electric
and
Power
Co.
,
Senior
Bond
,
6.35
%
,
11/30/37
...
United
States
520,000
549,226
Xcel
Energy,
Inc.
,
Senior
Bond
,
5.45
%
,
8/15/33
...............
United
States
5,500,000
5,492,685
50,954,278
Electrical
Equipment
0.1%
Eaton
Corp.
,
Senior
Bond
,
4.15
%
,
3/15/33
...................
United
States
2,400,000
2,274,049
Electronic
Equipment,
Instruments
&
Components
0.2%
Flex
Ltd.
,
Senior
Bond
,
4.875
%
,
5/12/30
....................
United
States
7,500,000
7,245,978
Financial
Services
0.3%
Fiserv,
Inc.
,
Senior
Bond
,
2.65
%
,
6/01/30
...................
United
States
9,100,000
7,770,834
Shell
International
Finance
BV
,
Senior
Bond
,
4.55
%
,
8/12/43
.....
Netherlands
1,700,000
1,577,108
9,347,942
Food
Products
0.6%
General
Mills,
Inc.
,
Senior
Note
,
5.241
%
,
11/18/25
.............
United
States
1,900,000
1,891,949
Hershey
Co.
(The)
,
Senior
Bond
,
4.5
%
,
5/04/33
...............
United
States
3,800,000
3,767,306
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
144
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Food
Products
(continued)
e
JBS
USA
LUX
SA
/
JBS
USA
Food
Co.
/
JBS
USA
Finance,
Inc.
,
Senior
Note,
144A,
2.5%,
1/15/27
.......................
United
States
8,200,000
$
7,373,850
Senior
Note,
144A,
3.625%,
1/15/32
.....................
United
States
2,500,000
2,072,500
Kraft
Heinz
Foods
Co.
,
Senior
Note
,
3.75
%
,
4/01/30
...........
United
States
4,000,000
3,710,561
18,816,166
Ground
Transportation
0.0%
†
Burlington
Northern
Santa
Fe
LLC
,
Senior
Bond
,
4.9
%
,
4/01/44
...
United
States
1,600,000
1,547,925
Health
Care
Equipment
&
Supplies
0.2%
GE
HealthCare
Technologies,
Inc.
,
Senior
Note
,
5.6
%
,
11/15/25
..
United
States
5,700,000
5,718,057
STERIS
Irish
FinCo.
UnLtd.
Co.
,
Senior
Note
,
2.7
%
,
3/15/31
.....
United
States
2,400,000
2,008,485
7,726,542
Health
Care
Providers
&
Services
0.8%
Centene
Corp.
,
Senior
Bond
,
3
%
,
10/15/30
..................
United
States
2,500,000
2,093,950
CVS
Health
Corp.
,
Senior
Bond,
4.78%,
3/25/38
...........................
United
States
3,200,000
2,955,021
Senior
Bond,
2.7%,
8/21/40
............................
United
States
2,000,000
1,389,350
e
DaVita,
Inc.
,
Senior
Note
,
144A,
4.625
%
,
6/01/30
.............
United
States
1,900,000
1,622,983
Elevance
Health,
Inc.
,
Senior
Bond
,
4.65
%
,
1/15/43
...........
United
States
3,100,000
2,833,152
Kaiser
Foundation
Hospitals
,
2019
,
Senior
Bond
,
3.266
%
,
11/01/49
United
States
11,270,000
8,211,271
Providence
St
Joseph
Health
Obligated
Group
,
H
,
2.746
%
,
10/01/26
United
States
8,875,000
8,125,455
27,231,182
Health
Care
REITs
0.0%
†
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp.
,
Senior
Bond
,
3.5
%
,
3/15/31
......................................
United
States
1,400,000
1,011,832
Hotels,
Restaurants
&
Leisure
0.3%
e
Studio
City
Finance
Ltd.
,
Senior
Note
,
144A,
5
%
,
1/15/29
.......
Macau
13,000,000
10,028,785
Insurance
0.5%
e
AIA
Group
Ltd.
,
Senior
Bond
,
144A,
4.95
%
,
4/04/33
...........
Hong
Kong
3,900,000
3,888,200
e
Metropolitan
Life
Global
Funding
I
,
Secured
Note,
144A,
5.05%,
1/06/28
.....................
United
States
10,300,000
10,250,035
Secured
Note,
144A,
4.3%,
8/25/29
......................
United
States
3,700,000
3,522,670
17,660,905
Interactive
Media
&
Services
0.5%
Meta
Platforms,
Inc.
,
Senior
Bond
,
4.95
%
,
5/15/33
............
United
States
10,100,000
10,174,933
e
Tencent
Holdings
Ltd.
,
Senior
Note
,
144A,
2.39
%
,
6/03/30
.......
China
10,000,000
8,333,137
18,508,070
Life
Sciences
Tools
&
Services
0.0%
†
Revvity,
Inc.
,
Senior
Bond
,
2.25
%
,
9/15/31
..................
United
States
1,800,000
1,443,503
Media
0.8%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
,
Senior
Secured
Bond
,
2.8
%
,
4/01/31
.......
United
States
12,500,000
10,118,404
Comcast
Corp.
,
Senior
Bond
,
4.8
%
,
5/15/33
.................
United
States
8,200,000
8,118,056
Fox
Corp.
,
Senior
Bond
,
5.476
%
,
1/25/39
...................
United
States
4,800,000
4,445,098
Time
Warner
Cable
LLC
,
Senior
Secured
Bond
,
6.55
%
,
5/01/37
..
United
States
5,700,000
5,465,779
28,147,337
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
145
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Multi-Utilities
0.4%
Berkshire
Hathaway
Energy
Co.
,
Senior
Bond
,
6.125
%
,
4/01/36
..
United
States
2,700,000
$
2,842,927
Dominion
Energy,
Inc.
,
C
,
Senior
Note
,
3.375
%
,
4/01/30
........
United
States
4,351,000
3,885,872
DTE
Energy
Co.
,
Senior
Note
,
4.875
%
,
6/01/28
...............
United
States
6,700,000
6,622,348
13,351,147
Oil,
Gas
&
Consumable
Fuels
1.4%
e
Aker
BP
ASA
,
Senior
Bond
,
144A,
4
%
,
1/15/31
...............
Norway
5,400,000
4,810,465
Boardwalk
Pipelines
LP
,
Senior
Bond
,
3.4
%
,
2/15/31
...........
United
States
6,275,000
5,432,788
Cheniere
Corpus
Christi
Holdings
LLC
,
Senior
Secured
Note
,
5.875
%
,
3/31/25
.....................................
United
States
1,600,000
1,600,373
Cheniere
Energy,
Inc.
,
Senior
Secured
Note
,
4.625
%
,
10/15/28
...
United
States
1,700,000
1,597,203
e
Crestwood
Midstream
Partners
LP
/
Crestwood
Midstream
Finance
Corp.
,
Senior
Note
,
144A,
6
%
,
2/01/29
....................
United
States
3,000,000
2,830,260
Energy
Transfer
LP
,
Senior
Bond,
4.75%,
1/15/26
...........................
United
States
4,500,000
4,418,917
Senior
Note,
3.9%,
5/15/24
............................
United
States
3,600,000
3,542,439
Enterprise
Products
Operating
LLC
,
Senior
Bond
,
3.125
%
,
7/31/29
United
States
2,000,000
1,802,892
Exxon
Mobil
Corp.
,
Senior
Bond
,
3.452
%
,
4/15/51
.............
United
States
2,000,000
1,539,160
e
Hilcorp
Energy
I
LP
/
Hilcorp
Finance
Co.
,
Senior
Note
,
144A,
6
%
,
4/15/30
...........................................
United
States
2,300,000
2,128,036
MPLX
LP
,
Senior
Note
,
4.875
%
,
6/01/25
....................
United
States
4,500,000
4,442,583
Phillips
66
,
Senior
Bond
,
2.15
%
,
12/15/30
...................
United
States
4,900,000
4,008,349
TransCanada
PipeLines
Ltd.
,
Senior
Bond
,
4.25
%
,
5/15/28
......
Canada
3,400,000
3,271,523
e
Venture
Global
Calcasieu
Pass
LLC
,
Senior
Secured
Bond,
144A,
4.125%,
8/15/31
..............
United
States
1,000,000
849,143
Senior
Secured
Note,
144A,
3.875%,
8/15/29
..............
United
States
500,000
433,404
Williams
Cos.,
Inc.
(The)
,
Senior
Bond
,
3.5
%
,
11/15/30
.........
United
States
3,200,000
2,866,816
45,574,351
Paper
&
Forest
Products
0.1%
Suzano
Austria
GmbH
,
DM3N
,
Senior
Bond
,
3.125
%
,
1/15/32
....
Brazil
2,300,000
1,846,896
Passenger
Airlines
0.3%
e
American
Airlines
Inc/AAdvantage
Loyalty
IP
Ltd.
,
Senior
Secured
Note
,
144A,
5.75
%
,
4/20/29
............................
United
States
1,600,000
1,550,574
e
Delta
Air
Lines,
Inc.
/
SkyMiles
IP
Ltd.
,
Senior
Secured
Note
,
144A,
4.5
%
,
10/20/25
.....................................
United
States
9,300,000
9,118,329
10,668,903
Personal
Care
Products
0.7%
Estee
Lauder
Cos.,
Inc.
(The)
,
Senior
Bond
,
4.65
%
,
5/15/33
.....
United
States
10,700,000
10,541,685
e
Kenvue,
Inc.
,
Senior
Note
,
144A,
5.05
%
,
3/22/28
..............
United
States
10,500,000
10,597,383
e
Oriflame
Investment
Holding
plc
,
Senior
Secured
Note
,
144A,
5.125
%
,
5/04/26
.....................................
Switzerland
2,400,000
872,064
22,011,132
Pharmaceuticals
0.5%
Pfizer
Investment
Enterprises
Pte.
Ltd.
,
Senior
Bond
,
4.75
%
,
5/19/33
United
States
4,100,000
4,074,471
Royalty
Pharma
plc
,
Senior
Bond
,
2.15
%
,
9/02/31
.............
United
States
11,800,000
9,233,220
Teva
Pharmaceutical
Finance
Netherlands
III
BV
,
Senior
Note
,
5.125
%
,
5/09/29
.....................................
Israel
2,000,000
1,834,340
15,142,031
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
146
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Real
Estate
Management
&
Development
0.1%
e
Country
Garden
Holdings
Co.
Ltd.
,
Senior
Secured
Note
,
Reg
S,
7.25
%
,
4/08/26
.....................................
China
3,200,000
$
586,057
e
Vivion
Investments
SARL
,
Senior
Note
,
Reg
S,
3
%
,
8/08/24
.....
Luxembourg
1,700,000
EUR
1,580,136
2,166,193
Specialty
Retail
0.0%
†
Advance
Auto
Parts,
Inc.
,
Senior
Note,
5.9%,
3/09/26
............................
United
States
800,000
798,703
Senior
Note,
5.95%,
3/09/28
...........................
United
States
750,000
747,202
1,545,905
Technology
Hardware,
Storage
&
Peripherals
0.1%
Apple,
Inc.
,
Senior
Bond
,
2.65
%
,
5/11/50
....................
United
States
3,000,000
2,066,325
Tobacco
0.8%
Altria
Group,
Inc.
,
Senior
Bond
,
3.4
%
,
5/06/30
................
United
States
15,000,000
13,280,596
e
Imperial
Brands
Finance
plc
,
Senior
Bond
,
144A,
4.25
%
,
7/21/25
.
United
Kingdom
4,000,000
3,860,498
Philip
Morris
International,
Inc.
,
Senior
Bond
,
5.375
%
,
2/15/33
....
United
States
8,800,000
8,780,309
25,921,403
Wireless
Telecommunication
Services
0.3%
T-Mobile
USA,
Inc.
,
Senior
Note
,
3.875
%
,
4/15/30
.............
United
States
10,000,000
9,192,764
Total
Corporate
Bonds
(Cost
$700,003,015)
.....................................
625,886,098
g
Marketplace
Loans
1.6%
a
Financial
Services
1.6%
a
a
a
a
a
a
Total
Marketplace
Loans
(Cost
$61,650,718)
....................................
54,695,072
Foreign
Government
and
Agency
Securities
2.2%
e
African
Export-Import
Bank
(The)
,
Senior
Bond,
144A,
3.994%,
9/21/29
.....................
Supranational
h
1,400,000
1,209,180
Senior
Bond,
144A,
3.798%,
5/17/31
.....................
Supranational
h
11,600,000
9,569,304
e
Banque
Ouest
Africaine
de
Developpement
,
Senior
Bond
,
144A,
5
%
,
7/27/27
...........................................
Supranational
h
10,700,000
9,889,154
Colombia
Government
Bond
,
Senior
Bond
,
5
%
,
6/15/45
........
Colombia
8,800,000
6,365,296
e
Comision
Federal
de
Electricidad
,
Senior
Bond
,
144A,
3.348
%
,
2/09/31
...........................................
Mexico
12,200,000
9,790,315
e
Corp.
Nacional
del
Cobre
de
Chile
,
Senior
Bond
,
144A,
3.75
%
,
1/15/31
...........................................
Chile
6,500,000
5,895,229
e
Electricite
de
France
SA
,
Senior
Note
,
144A,
5.7
%
,
5/23/28
......
France
2,100,000
2,115,693
e
Korea
Electric
Power
Corp.
,
Senior
Note
,
144A,
5.375
%
,
4/06/26
.
South
Korea
3,900,000
3,893,436
e
Panama
Government
Bond
,
Senior
Note
,
144A,
3.75
%
,
4/17/26
..
Panama
5,700,000
5,422,467
Peru
Government
Bond
,
Senior
Bond
,
2.783
%
,
1/23/31
.........
Peru
8,000,000
6,812,704
Petroleos
Mexicanos
,
Senior
Bond
,
6.625
%
,
6/15/35
...........
Mexico
6,000,000
4,281,107
e
Romania
Government
Bond
,
Senior
Bond
,
144A,
6.125
%
,
1/22/44
.
Romania
9,500,000
9,463,919
Total
Foreign
Government
and
Agency
Securities
(Cost
$91,363,246)
..............
74,707,804
U.S.
Government
and
Agency
Securities
27.6%
FFCB
,
2.1
%,
2/25/36
...................................
United
States
9,300,000
6,846,950
U.S.
Treasury
Bonds
,
1.125%,
5/15/40
.....................................
United
States
4,000,000
2,540,625
1.125%,
8/15/40
.....................................
United
States
28,600,000
17,997,891
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
147
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
U.S.
Government
and
Agency
Securities
(continued)
U.S.
Treasury
Bonds,
(continued)
1.75%,
8/15/41
.....................................
United
States
127,200,000
$
87,743,156
3.125%,
11/15/41
....................................
United
States
11,300,000
9,782,666
3.875%,
2/15/43
.....................................
United
States
6,000,000
5,733,750
2.5%,
5/15/46
......................................
United
States
9,000,000
6,750,176
2.25%,
8/15/46
.....................................
United
States
28,800,000
20,500,313
2.75%,
11/15/47
.....................................
United
States
25,500,000
19,967,197
3.125%,
5/15/48
.....................................
United
States
16,500,000
13,857,744
3%,
8/15/48
........................................
United
States
17,000,000
13,955,605
2.875%,
5/15/49
.....................................
United
States
14,000,000
11,258,516
2.25%,
8/15/49
.....................................
United
States
39,000,000
27,549,844
1.25%,
5/15/50
.....................................
United
States
13,300,000
7,255,514
2.375%,
5/15/51
.....................................
United
States
5,800,000
4,188,687
1.875%,
11/15/51
....................................
United
States
76,200,000
48,782,883
3.625%,
5/15/53
.....................................
United
States
6,000,000
5,606,250
U.S.
Treasury
Notes
,
3.875%,
3/31/25
.....................................
United
States
77,000,000
75,526,172
0.25%,
9/30/25
.....................................
United
States
108,500,000
98,529,443
0.375%,
11/30/25
....................................
United
States
128,000,000
115,845,000
0.375%,
12/31/25
....................................
United
States
41,000,000
37,043,340
i
Index
Linked,
0.625%,
1/15/26
..........................
United
States
35,400,000
43,274,378
0.75%,
5/31/26
.....................................
United
States
2,000,000
1,800,352
2.75%,
4/30/27
.....................................
United
States
138,300,000
130,704,304
3.25%,
6/30/27
.....................................
United
States
18,100,000
17,409,937
3.125%,
8/31/27
.....................................
United
States
67,000,000
64,077,910
3.625%,
3/31/28
.....................................
United
States
39,200,000
38,237,609
Total
U.S.
Government
and
Agency
Securities
(Cost
$1,041,683,122)
..............
932,766,212
Asset-Backed
Securities
7.7%
Financial
Services
7.6%
e,j
Antares
CLO
Ltd.
,
2018-1A
,
B
,
144A,
FRN
,
7.238
%
,
(
3-month
SOFR
+
1.912
%
),
4/20/31
.
..................................
United
States
12,900,000
12,683,336
e,j
Bain
Capital
Credit
CLO
Ltd.
,
2018-1A,
A1,
144A,
FRN,
6.567%,
(3-month
USD
LIBOR
+
0.96%),
4/23/31
.....................................
United
States
11,921,252
11,850,245
2018-1A,
A2,
144A,
FRN,
6.757%,
(3-month
USD
LIBOR
+
1.15%),
4/23/31
.....................................
United
States
5,100,000
5,003,074
e,j
BCC
Middle
Market
CLO
LLC
,
2018-1A
,
A2
,
144A,
FRN
,
7.738
%
,
(
3-month
USD
LIBOR
+
2.15
%
),
10/20/30
.
.................
United
States
5,100,000
4,982,086
e,j
Carlyle
Direct
Lending
CLO
LLC
,
2015-1A
,
A2R
,
144A,
FRN
,
7.77
%
,
(
3-month
SOFR
+
2.462
%
),
10/15/31
.
....................
United
States
10,000,000
9,533,794
e,j
Carlyle
Global
Market
Strategies
CLO
Ltd.
,
2014-1A,
A1R2,
144A,
FRN,
6.54%,
(3-month
SOFR
+
1.232%),
4/17/31
...........................................
United
States
720,240
718,618
2014-1A,
A2R2,
144A,
FRN,
6.7%,
(3-month
SOFR
+
1.392%),
4/17/31
...........................................
United
States
6,300,000
6,148,917
e,j
CIFC
Funding
Ltd.
,
2022-2A
,
A1
,
144A,
FRN
,
6.64
%
,
(
3-month
SOFR
+
1.32
%
),
4/19/35
.
..............................
United
States
23,690,000
23,398,938
e,k
Consumer
Loan
Underlying
Bond
Certificate
Issuer
Trust
I
,
2018-29,
PT,
144A,
FRN,
5.222%,
12/15/43
................
United
States
19,965
18,308
2019-26,
PT,
144A,
FRN,
17.76%,
8/15/44
.................
United
States
392,017
369,265
2019-31,
PT,
144A,
FRN,
16.736%,
9/15/44
................
United
States
325,157
301,450
2019-37,
PT,
144A,
FRN,
17.615%,
10/17/44
...............
United
States
426,450
404,582
2019-42,
PT,
144A,
FRN,
17.028%,
11/15/44
...............
United
States
448,771
421,035
2019-51,
PT,
144A,
FRN,
16.266%,
1/15/45
................
United
States
547,272
514,755
2019-52,
PT,
144A,
FRN,
14.111%,
1/15/45
................
United
States
588,086
554,389
2019-S1,
PT,
144A,
FRN,
11.025%,
4/15/44
................
United
States
73,477
70,480
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
148
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
(continued)
Financial
Services
(continued)
e,k
Consumer
Loan
Underlying
Bond
Certificate
Issuer
Trust
I,
(continued)
2019-S2,
PT,
144A,
FRN,
10.27%,
5/16/44
.................
United
States
92,552
$
84,834
2019-S3,
PT,
144A,
FRN,
10.792%,
6/15/44
................
United
States
155,250
144,354
2019-S4,
PT,
144A,
FRN,
12.225%,
8/15/44
................
United
States
233,894
223,971
2019-S5,
PT,
144A,
FRN,
12.001%,
9/15/44
................
United
States
238,899
223,838
2019-S6,
PT,
144A,
FRN,
10.305%,
10/17/44
...............
United
States
299,195
277,795
2019-S7,
PT,
144A,
FRN,
11.761%,
12/15/44
...............
United
States
250,858
232,626
2019-S8,
PT,
144A,
FRN,
9.234%,
1/15/45
.................
United
States
298,394
276,704
2020-2,
PT,
144A,
FRN,
14.166%,
3/15/45
.................
United
States
569,299
535,418
2020-7,
PT,
144A,
FRN,
16.794%,
4/17/45
.................
United
States
345,936
319,894
e,j
Cook
Park
CLO
Ltd.
,
2018-1A
,
A2
,
144A,
FRN
,
6.69
%
,
(
3-month
SOFR
+
1.382
%
),
4/17/30
.
.............................
United
States
6,000,000
5,874,017
j
CWABS,
Inc.
,
2004-1
,
M1
,
FRN
,
6.162
%
,
(
1-month
SOFR
+
0.864
%
),
3/25/34
.
...................................
United
States
141,084
137,554
e,j
Dryden
97
CLO
Ltd.
,
2022-97A
,
A
,
144A,
FRN
,
6.626
%
,
(
3-month
SOFR
+
1.3
%
),
4/20/35
.
...............................
United
States
17,750,000
17,558,292
e,j
Ellington
CLO
III
Ltd.
,
2018-3A,
A1,
144A,
FRN,
7.238%,
(3-month
SOFR
+
1.912%),
7/20/30
...........................................
United
States
4,127,026
4,112,972
2018-3A,
A2R,
144A,
FRN,
7.338%,
(3-month
SOFR
+
2.012%),
7/20/30
...........................................
United
States
7,642,640
7,615,898
e
FirstKey
Homes
Trust
,
2020-SFR2
,
A
,
144A,
1.266
%
,
10/19/37
.
...
United
States
11,429,305
10,330,022
e,j
Galaxy
XXVII
CLO
Ltd.
,
2018-27A
,
A
,
144A,
FRN
,
6.338
%
,
(
3-month
USD
LIBOR
+
1.02
%
),
5/16/31
.
.........................
United
States
1,000,000
990,899
e,j
Holland
Park
CLO
DAC
,
1A
,
A1RR
,
144A,
FRN
,
4.243
%
,
(
3-month
EURIBOR
+
0.92
%
),
11/14/32
.
..........................
Ireland
17,224,000
EUR
18,542,240
e
Home
Partners
of
America
Trust
,
2021-2,
B,
144A,
2.302%,
12/17/26
......................
United
States
15,293,330
13,556,104
2021-3,
B,
144A,
2.649%,
1/17/41
.......................
United
States
5,856,828
5,035,913
e,j
Logan
CLO
I
Ltd.
,
2021-1A
,
A
,
144A,
FRN
,
6.748
%
,
(
3-month
SOFR
+
1.422
%
),
7/20/34
.
..................................
United
States
4,750,000
4,728,846
e,j
Madison
Park
Euro
Funding
VIII
DAC
,
8A
,
ARR
,
144A,
FRN
,
4.483
%
,
(
3-month
EURIBOR
+
0.82
%
),
4/15/32
.
.............
Ireland
12,281,000
EUR
13,185,803
e,j
Neuberger
Berman
CLO
XVIII
Ltd.
,
2014-18A
,
A1BR
,
144A,
FRN
,
6.995
%
,
(
3-month
SOFR
+
1.662
%
),
10/21/30
.
..............
United
States
1,700,000
1,678,761
e
New
Economy
Assets
Phase
1
Sponsor
LLC
,
2021-1
,
A1
,
144A,
1.91
%
,
10/20/61
.
....................................
United
States
19,400,000
16,663,871
e,j
Octagon
Investment
Partners
35
Ltd.
,
2018-1A
,
A1B
,
144A,
FRN
,
6.688
%
,
(
3-month
SOFR
+
1.362
%
),
1/20/31
.
...............
United
States
3,325,000
3,258,728
e,j
Octagon
Investment
Partners
36
Ltd.
,
2018-1A,
A1,
144A,
FRN,
6.54%,
(3-month
SOFR
+
1.232%),
4/15/31
...........................................
United
States
17,911,263
17,874,264
2018-1A,
A2,
144A,
FRN,
6.77%,
(3-month
SOFR
+
1.462%),
4/15/31
...........................................
United
States
8,500,000
8,318,130
e,j
Palmer
Square
CLO
Ltd.
,
2021-2A
,
A
,
144A,
FRN
,
6.72
%
,
(
3-month
SOFR
+
1.412
%
),
7/15/34
.
.............................
United
States
1,000,000
991,750
e,j
Pikes
Peak
CLO
6
,
2020-6A
,
AR2
,
144A,
FRN
,
6.515
%
,
(
3-month
USD
LIBOR
+
1.17
%
),
5/18/34
.
.........................
United
States
4,500,000
4,451,380
e,k
Prosper
Pass-Thru
Trust
III
,
2020-PT1,
A,
144A,
FRN,
13.669%,
3/15/26
................
United
States
291,252
282,061
2020-PT2,
A,
144A,
FRN,
12.135%,
4/15/26
................
United
States
379,496
361,563
2020-PT3,
A,
144A,
FRN,
8.951%,
5/15/26
.................
United
States
149,967
138,615
e,j
Strata
CLO
I
Ltd.
,
2018-1A
,
B
,
144A,
FRN
,
7.77
%
,
(
3-month
SOFR
+
2.462
%
),
1/15/31
.
...................................
United
States
11,000,000
11,025,998
e,j
TICP
CLO
VI
Ltd.
,
2016-6A
,
AR2
,
144A,
FRN
,
6.69
%
,
(
3-month
SOFR
+
1.382
%
),
1/15/34
.
.............................
United
States
9,200,000
9,160,591
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
149
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
(continued)
Financial
Services
(continued)
e,k
Upgrade
Master
Pass-Thru
Trust
,
2019-PT1,
A,
144A,
FRN,
8.903%,
6/15/25
.................
United
States
83,357
$
75,182
2019-PT2,
A,
144A,
FRN,
14.841%,
2/15/26
................
United
States
279,024
273,380
e,j
Voya
CLO
Ltd.
,
2018-2A
,
A2
,
144A,
FRN
,
6.82
%
,
(
3-month
SOFR
+
1.512
%
),
7/15/31
.
...................................
United
States
1,500,000
1,471,288
256,986,828
a
a
a
a
a
a
Ground
Transportation
0.0%
†
Union
Pacific
Railroad
Co.
Pass-Through
Trust
,
2005-1
,
5.082
%
,
1/02/29
.
...........................................
United
States
30,900
30,488
Passenger
Airlines
0.1%
United
Airlines
Pass-Through
Trust
,
2020-1
,
B
,
4.875
%
,
7/15/27
.
..
United
States
969,750
936,826
Total
Asset-Backed
Securities
(Cost
$267,498,683)
..............................
257,954,142
Commercial
Mortgage-Backed
Securities
1.4%
Financial
Services
1.4%
l
Benchmark
Mortgage
Trust
,
2023-V3
,
A3
,
6.363
%
,
7/15/56
......
United
States
1,200,000
1,237,546
e,j
BX
Commercial
Mortgage
Trust
,
2021-VOLT
,
B
,
144A,
FRN
,
6.286
%
,
(
1-month
SOFR
+
1.064
%
),
9/15/36
......................
United
States
9,840,000
9,533,442
e,j
BX
Mortgage
Trust
,
2021-PAC
,
B
,
144A,
FRN
,
6.235
%
,
(
1-month
SOFR
+
1.013
%
),
10/15/36
............................
United
States
9,220,000
8,919,190
e,j
BX
Trust
,
2022-IND
,
A
,
144A,
FRN
,
6.713
%
,
(
1-month
SOFR
+
1.491
%
),
4/15/37
....................................
United
States
12,304,774
12,177,046
k
Commercial
Mortgage
Trust
,
2006-GG7
,
AJ
,
FRN
,
6.012
%
,
7/10/38
United
States
1,576,925
843,655
e,j
DBCG
Mortgage
Trust
,
2017-BBG
,
A
,
144A,
FRN
,
6.036
%
,
(
1-month
USD
LIBOR
+
0.7
%
),
6/15/34
...........................
United
States
9,840,000
9,719,730
e,k
Eleven
Madison
Mortgage
Trust
,
2015-11MD
,
A
,
144A,
FRN
,
3.555
%
,
9/10/35
.....................................
United
States
3,255,000
2,896,437
j
FNMA
,
2005-122
,
FN
,
FRN
,
5.533
%
,
(
30-day
SOFR
Average
+
0.464
%
),
1/25/36
....................................
United
States
380,188
372,794
a
Weyerhaeuser
Mortgage
Co.
of
Texas
,
1984-A
,
7.43
%
,
1/01/24
...
United
States
953
953
45,700,793
a
a
a
a
a
a
Total
Commercial
Mortgage-Backed
Securities
(Cost
$47,573,826)
................
45,700,793
Mortgage-Backed
Securities
25.7%
m
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Adjustable
Rate
0.0%
†
FHLMC,
3.823%,
(COFI
11th
District
+/-
MBS
Margin),
11/01/27
..
United
States
394,517
384,439
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Fixed
Rate
10.9%
FHLMC
Gold
Pool,
30
Year,
4.5%,
3/01/39
..................
United
States
558,066
549,764
FHLMC
Gold
Pool,
30
Year,
5%,
8/01/33
-
2/01/39
.............
United
States
3,427,000
3,445,961
FHLMC
Gold
Pool,
30
Year,
5.5%,
1/01/35
-
12/01/37
..........
United
States
311,793
318,193
FHLMC
Gold
Pool,
30
Year,
6%,
5/01/33
-
4/01/38
.............
United
States
395,254
407,917
FHLMC
Gold
Pool,
30
Year,
6.5%,
8/01/25
-
3/01/39
...........
United
States
323,772
335,759
FHLMC
Gold
Pool,
30
Year,
7%,
1/01/28
-
7/01/32
.............
United
States
21,417
21,836
FHLMC
Gold
Pool,
30
Year,
7.5%,
3/01/32
..................
United
States
6,864
7,215
FHLMC
Gold
Pool,
30
Year,
8%,
2/01/30
....................
United
States
6,628
6,761
FHLMC
Gold
Pool,
30
Year,
8.5%,
10/01/24
-
8/01/30
..........
United
States
1,201
1,230
FHLMC
Pool,
15
Year,
2%,
4/01/37
........................
United
States
4,907,117
4,341,207
FHLMC
Pool,
15
Year,
2.5%,
4/01/37
-
5/01/37
...............
United
States
13,313,717
12,091,991
FHLMC
Pool,
15
Year,
3%,
4/01/37
-
9/01/37
.................
United
States
6,587,180
6,135,921
FHLMC
Pool,
30
Year,
2%,
1/01/52
........................
United
States
52,195,774
42,373,041
FHLMC
Pool,
30
Year,
2%,
3/01/52
........................
United
States
40,971,988
33,213,437
FHLMC
Pool,
30
Year,
2%,
4/01/52
........................
United
States
74,758,426
60,601,945
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
150
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Mortgage-Backed
Securities
(continued)
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Fixed
Rate
(continued)
FHLMC
Pool,
30
Year,
2%,
2/01/52
........................
United
States
563,776
$
457,191
FHLMC
Pool,
30
Year,
2.5%,
10/01/51
......................
United
States
38,219,529
32,319,829
FHLMC
Pool,
30
Year,
2.5%,
5/01/52
.......................
United
States
28,873,627
24,353,146
FHLMC
Pool,
30
Year,
2.5%,
12/01/51
-
8/01/52
..............
United
States
3,094,683
2,611,587
FHLMC
Pool,
30
Year,
3.5%,
8/01/52
.......................
United
States
2,032,571
1,842,758
FHLMC
Pool,
30
Year,
4%,
8/01/52
........................
United
States
44,386,032
41,473,717
FHLMC
Pool,
30
Year,
4.5%,
8/01/52
.......................
United
States
104,909,207
100,508,208
FHLMC
Pool,
30
Year,
6%,
4/01/53
........................
United
States
1,017,373
1,023,927
368,442,541
m
Federal
National
Mortgage
Association
(FNMA)
Adjustable
Rate
0.1%
FNMA,
2.555%,
(3-year
CMT
T-Note
+/-
MBS
Margin),
12/01/24
..
United
States
188
187
FNMA,
3.845%
-
4.152%,
(12-month
USD
LIBOR
+/-
MBS
Margin),
2/01/34
-
3/01/37
....................................
United
States
305,350
301,112
FNMA,
4.179%,
(6-month
USD
LIBOR
+/-
MBS
Margin),
10/01/32
.
United
States
49,078
48,019
FNMA,
3.827%
-
4.479%,
(COFI
11th
District
+/-
MBS
Margin),
12/01/27
-
9/01/34
...................................
United
States
977,051
941,982
FNMA,
4.279%
-
5.79%,
(1-year
CMT
T-Note
+/-
MBS
Margin),
5/01/25
-
10/01/36
...................................
United
States
55,354
54,675
1,345,975
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
13.6%
FNMA,
15
Year,
2%,
4/01/37
.............................
United
States
5,199,614
4,599,946
FNMA,
15
Year,
3%,
5/01/37
-
10/01/37
.....................
United
States
5,778,162
5,382,616
FNMA,
30
Year,
2%,
1/01/52
-
2/01/52
......................
United
States
16,061,434
13,030,286
FNMA,
30
Year,
2.5%,
4/01/52
...........................
United
States
15,112,113
12,747,202
FNMA,
30
Year,
3%,
11/01/51
............................
United
States
36,326,388
31,883,206
FNMA,
30
Year,
3%,
12/01/51
-
11/01/52
....................
United
States
15,999,135
14,017,554
FNMA,
30
Year,
3.5%,
6/01/52
-
8/01/52
....................
United
States
6,113,925
5,543,196
FNMA,
30
Year,
3.5%,
12/01/52
...........................
United
States
35,160,758
31,884,326
FNMA,
30
Year,
4%,
3/01/53
.............................
United
States
3,515,882
3,283,570
FNMA,
30
Year,
5%,
6/01/36
-
5/01/39
......................
United
States
632,453
633,984
FNMA,
30
Year,
5.5%,
6/01/33
-
8/01/37
....................
United
States
2,460,250
2,473,663
FNMA,
30
Year,
6%,
9/01/32
-
9/01/38
......................
United
States
2,577,638
2,665,337
FNMA,
30
Year,
6.5%,
8/01/28
-
5/01/37
....................
United
States
87,960
90,220
FNMA,
30
Year,
7%,
11/01/25
............................
United
States
1,031
1,024
FNMA,
30
Year,
7.5%,
1/01/30
...........................
United
States
4,562
4,684
FNMA,
30
Year,
8.5%,
4/01/30
-
5/01/32
....................
United
States
20,276
21,043
n
FNMA,
Single-family,
30
Year,
3%,
8/25/53
..................
United
States
67,860,000
59,385,452
n
FNMA,
Single-family,
30
Year,
3.5%,
8/25/53
.................
United
States
49,140,000
44,528,326
n
FNMA,
Single-family,
30
Year,
4%,
8/25/53
..................
United
States
47,690,000
44,524,949
n
FNMA,
Single-family,
30
Year,
5%,
8/25/53
..................
United
States
60,623,000
59,223,462
n
FNMA,
Single-family,
30
Year,
5.5%,
8/25/53
.................
United
States
89,667,000
89,050,540
n
FNMA,
Single-family,
30
Year,
6%,
8/25/53
..................
United
States
33,940,000
34,144,170
459,118,756
m
Government
National
Mortgage
Association
(GNMA)
Adjustable
Rate
0.0%
†
GNMA
II,
2.75%
-
2.75%,
(1-year
CMT
T-Note
+/-
MBS
Margin),
10/20/26
-
10/20/26
..................................
United
States
6,242
6,009
6,009
Government
National
Mortgage
Association
(GNMA)
Fixed
Rate
1.1%
GNMA
I,
30
Year,
7%,
10/15/27
-
6/15/31
....................
United
States
7,672
7,959
GNMA
I,
Single-family,
30
Year,
6%,
1/15/39
.................
United
States
51,996
53,885
GNMA
I,
Single-family,
30
Year,
6.5%,
10/15/31
-
7/15/38
........
United
States
9,311
9,486
GNMA
I,
Single-family,
30
Year,
7%,
3/15/28
-
4/15/28
..........
United
States
2,728
2,712
GNMA
I,
Single-family,
30
Year,
7.5%,
8/15/25
-
2/15/26
........
United
States
2,078
2,076
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
151
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Mortgage-Backed
Securities
(continued)
Government
National
Mortgage
Association
(GNMA)
Fixed
Rate
(continued)
GNMA
I,
Single-family,
30
Year,
9%,
9/15/25
.................
United
States
7
$
7
GNMA
II,
Single-family,
30
Year,
2%,
4/20/52
-
7/20/52
.........
United
States
22,372,374
18,733,478
GNMA
II,
Single-family,
30
Year,
2.5%,
6/20/52
...............
United
States
1,713,508
1,478,608
GNMA
II,
Single-family,
30
Year,
2.5%,
7/20/52
...............
United
States
17,458,470
15,065,835
GNMA
II,
Single-family,
30
Year,
3%,
10/20/49
................
United
States
25,969
23,344
GNMA
II,
Single-family,
30
Year,
5%,
6/20/53
.................
United
States
1,874,341
1,838,362
GNMA
II,
Single-family,
30
Year,
6%,
5/20/31
-
1/20/53
.........
United
States
977,462
982,819
GNMA
II,
Single-family,
30
Year,
6.5%,
3/20/28
-
7/20/38
........
United
States
149,049
157,280
GNMA
II,
Single-family,
30
Year,
7.5%,
8/20/30
-
1/20/33
........
United
States
19,995
20,358
38,376,209
Total
Mortgage-Backed
Securities
(Cost
$887,263,837)
...........................
867,673,929
Municipal
Bonds
3.7%
California
2.2%
California
Health
Facilities
Financing
Authority
,
State
of
California
Personal
Income
Tax
,
Revenue,
Senior
Lien
,
2019
,
2.934
%
,
6/01/32
...........................................
United
States
6,810,000
5,838,238
California
Municipal
Finance
Authority
,
United
States
General
Services
Administration
,
Revenue
,
2020
,
2.519
%
,
10/01/35
....
United
States
9,680,000
6,942,655
Clovis
Unified
School
District
,
GO
,
2021
B
,
Refunding
,
3.067
%
,
8/01/39
...........................................
United
States
1,500,000
1,161,507
Golden
State
Tobacco
Securitization
Corp.
,
Revenue
,
2021
B-1
,
Refunding
,
3.85
%
,
6/01/50
.............................
United
States
18,870,000
16,930,441
Regents
of
the
University
of
California
,
Medical
Center
,
Revenue
,
2022
Q
,
4.563
%
,
5/15/53
..............................
United
States
6,400,000
5,850,465
San
Bernardino
Community
College
District
,
GO,
2021,
Refunding,
2.686%,
8/01/41
...................
United
States
20,405,000
14,541,058
GO,
2021,
Refunding,
2.856%,
8/01/49
...................
United
States
11,880,000
7,672,487
San
Jose
Redevelopment
Agency
Successor
Agency
,
Tax
Allocation,
Senior
Lien
,
2017
A-T
,
Refunding
,
3.226
%
,
8/01/27
..........
United
States
6,150,000
5,772,750
University
of
California
,
Revenue
,
2015
J
,
Refunding
,
4.131
%
,
5/15/45
...........................................
United
States
10,750,000
9,533,994
74,243,595
Illinois
0.0%
†
Chicago
Transit
Authority
Sales
&
Transfer
Tax
Receipts
,
Revenue
,
2008
A
,
6.899
%
,
12/01/40
.............................
United
States
780,000
881,394
Massachusetts
0.2%
Commonwealth
of
Massachusetts
,
GO
,
2020
C
,
Refunding
,
2.514
%
,
7/01/41
...........................................
United
States
700,000
519,038
Massachusetts
School
Building
Authority
,
Revenue
,
2019
B
,
Refunding
,
3.395
%
,
10/15/40
...........................
United
States
6,760,000
5,481,467
6,000,505
Minnesota
0.2%
State
of
Minnesota
,
GO
,
2013
F
,
Refunding
,
4
%
,
10/01/24
.......
United
States
5,760,000
5,767,872
New
York
0.3%
Port
Authority
of
New
York
&
New
Jersey
,
Revenue,
191,
4.823%,
6/01/45
.........................
United
States
4,570,000
4,237,215
Revenue,
192,
4.81%,
10/15/65
.........................
United
States
5,000,000
4,846,514
9,083,729
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
152
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Municipal
Bonds
(continued)
Ohio
0.3%
Greenville
City
School
District
,
GO
,
2019
,
Refunding
,
3.541
%
,
1/01/51
...........................................
United
States
16,585,000
$
12,389,816
Texas
0.4%
City
of
Austin
,
Electric
Utility,
Revenue,
2008,
Refunding,
AGMC
Insured,
6.262%,
11/15/32
.........................................
United
States
11,265,000
11,913,676
Electric
Utility,
Revenue,
2019
C,
Refunding,
2.785%,
11/15/31
..
United
States
370,000
315,290
San
Antonio
Water
System
,
Revenue
,
2010
B
,
5.92
%
,
5/15/40
...
United
States
250,000
266,977
Texas
State
University
System
,
Revenue
,
2019
B
,
Refunding
,
2.938
%
,
3/15/33
.....................................
United
States
2,655,000
2,253,325
14,749,268
Utah
0.1%
City
of
Salt
Lake
City
,
Sales
and
Excise
Tax
,
Revenue
,
2019
B
,
Refunding
,
3.102
%
,
4/01/38
............................
United
States
3,155,000
2,531,227
Total
Municipal
Bonds
(Cost
$151,444,365)
.....................................
125,647,406
Residential
Mortgage-Backed
Securities
3.6%
Capital
Markets
0.0%
†
j
Merrill
Lynch
Mortgage
Investors
Trust
,
2003-A
,
1A
,
FRN
,
6.152
%
,
(
1-month
SOFR
+
0.854
%
),
3/25/28
......................
United
States
166,053
155,448
Financial
Services
3.6%
e
BRAVO
Residential
Funding
Trust
,
2019-1,
A1C,
144A,
3.5%,
3/25/58
.......................
United
States
1,608,184
1,575,397
k
2019-2,
A3,
144A,
FRN,
3.5%,
10/25/44
...................
United
States
4,052,594
3,804,907
e,k
CIM
Trust
,
2018-INV1,
A4,
144A,
FRN,
4%,
8/25/48
..................
United
States
1,139,956
1,056,969
2019-INV1,
A1,
144A,
FRN,
4%,
2/25/49
..................
United
States
744,677
699,673
2019-INV2,
A3,
144A,
FRN,
4%,
5/25/49
..................
United
States
1,992,707
1,850,936
e,k
Citigroup
Mortgage
Loan
Trust
,
2013-A
,
A
,
144A,
FRN
,
3
%
,
5/25/42
United
States
167,644
160,758
e,k
COLT
Mortgage
Loan
Trust
,
2022-4
,
A1
,
144A,
FRN
,
4.301
%
,
3/25/67
...........................................
United
States
3,215,773
3,071,221
Credit
Suisse
First
Boston
Mortgage
Securities
Corp.
,
2004-6
,
3A1
,
5
%
,
1/25/38
........................................
Switzerland
75,107
45,186
j
FHLMC
STACR
Debt
Notes
,
2016-DNA2,
M3,
FRN,
9.833%,
(30-day
SOFR
Average
+
4.764%),
10/25/28
...................................
United
States
9,611,976
10,072,450
2016-HQA2,
M3,
FRN,
10.333%,
(30-day
SOFR
Average
+
5.264%),
11/25/28
...................................
United
States
9,954,955
10,605,124
e,j
FHLMC
STACR
REMIC
Trust
,
2020-DNA1,
M2,
144A,
FRN,
6.883%,
(30-day
SOFR
Average
+
1.814%),
1/25/50
....................................
United
States
1,405,764
1,406,167
2022-DNA3,
M1A,
144A,
FRN,
7.069%,
(30-day
SOFR
Average
+
2%),
4/25/42
.......................................
United
States
5,688,885
5,710,807
j
FNMA
Connecticut
Avenue
Securities
,
2013-C01,
M2,
FRN,
10.433%,
(30-day
SOFR
Average
+
5.364%),
10/25/23
..........................................
United
States
2,538,529
2,563,282
2014-C02,
2M2,
FRN,
7.783%,
(30-day
SOFR
Average
+
2.714%),
5/25/24
...........................................
United
States
1,483,078
1,494,480
2014-C03,
2M2,
FRN,
8.083%,
(30-day
SOFR
Average
+
3.014%),
7/25/24
...........................................
United
States
412,248
415,939
2014-C04,
2M2,
FRN,
10.183%,
(30-day
SOFR
Average
+
5.114%),
11/25/24
...................................
United
States
55,444
55,708
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
153
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Residential
Mortgage-Backed
Securities
(continued)
Financial
Services
(continued)
j
FNMA
Connecticut
Avenue
Securities,
(continued)
2016-C03,
1M2,
FRN,
10.483%,
(30-day
SOFR
Average
+
5.414%),
10/25/28
...................................
United
States
2,223,167
$
2,357,760
e,k
J.P.
Morgan
Mortgage
Trust
,
2021-13,
A4,
144A,
FRN,
2.5%,
4/25/52
...................
United
States
15,744,390
13,570,764
2021-14,
A4,
144A,
FRN,
2.5%,
5/25/52
...................
United
States
12,721,855
10,919,906
2021-15,
A4,
144A,
FRN,
2.5%,
6/25/52
...................
United
States
7,383,241
6,364,877
e,k
Mill
City
Mortgage
Loan
Trust
,
2018-4
,
A1B
,
144A,
FRN
,
3.5
%
,
4/25/66
...........................................
United
States
5,747,312
5,479,572
e,k
OBX
Trust
,
2021-J3
,
A4
,
144A,
FRN
,
2.5
%
,
10/25/51
...........
United
States
3,239,072
2,791,929
e,k
Provident
Funding
Associates
LLP
,
2021-J1
,
A3
,
144A,
FRN
,
2.5
%
,
2/20/49
...........................................
United
States
10,538,497
8,966,834
e,k
Provident
Funding
Mortgage
Trust
,
2019-1
,
A2
,
144A,
FRN
,
3
%
,
12/25/49
..........................................
United
States
1,758,098
1,498,570
e,k
PSMC
Trust
,
2021-3
,
A3
,
144A,
FRN
,
2.5
%
,
8/25/51
...........
United
States
18,644,760
16,194,628
e,k
Towd
Point
Mortgage
Trust
,
2017-1,
A1,
144A,
FRN,
2.75%,
10/25/56
..................
United
States
456,572
450,969
2017-1,
A2,
144A,
FRN,
3.5%,
10/25/56
...................
United
States
8,862,000
8,538,675
2017-2,
A1,
144A,
FRN,
2.75%,
4/25/57
...................
United
States
177,435
175,860
121,899,348
a
a
a
a
a
a
Total
Residential
Mortgage-Backed
Securities
(Cost
$135,760,485)
................
122,054,796
Shares
a
Escrows
and
Litigation
Trusts
0.0%
†
a,b
K2016470219
South
Africa
Ltd.,
Escrow
Account
..............
South
Africa
141,599
—
b
Mesquite
Energy,
Inc.,
Escrow
Account
.....................
United
States
3,000,000
67,500
Total
Escrows
and
Litigation
Trusts
(Cost
$2,814,453)
...........................
67,500
Total
Long
Term
Investments
(Cost
$3,951,156,706)
.............................
3,607,346,968
a
Short
Term
Investments
1.5%
a
a
Country
Shares
a
Value
a
a
a
Money
Market
Funds
1.5%
d,o
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
....
United
States
51,481,953
51,481,953
Total
Money
Market
Funds
(Cost
$51,481,953)
..................................
51,481,953
Total
Short
Term
Investments
(Cost
$51,481,953
)
................................
51,481,953
a
Total
Investments
(Cost
$4,002,638,659)
108.4%
................................
$3,658,828,921
Other
Assets,
less
Liabilities
(8.4)%
...........................................
(284,548,480)
Net
Assets
100.0%
...........................................................
$3,374,280,441
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
Fair
valued
using
significant
unobservable
inputs.
See
Note
7
regarding
fair
value
measurements.
b
Non-income
producing.
c
See
Note
3
regarding
restricted
securities.
d
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
154
e
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
July
31,
2023,
the
aggregate
value
of
these
securities
was
$583,592,362,
representing
17.3%
of
net
assets.
f
Income
may
be
received
in
additional
securities
and/or
cash.
g
See
full
breakdown
of
marketplace
loans
holdings
in
the
table
at
the
end
of
this
schedule.
h
A
supranational
organization
is
an
entity
formed
by
two
or
more
central
governments
through
international
treaties.
i
Principal
amount
of
security
is
adjusted
for
inflation.
j
The
coupon
rate
shown
represents
the
rate
inclusive
of
any
caps
or
floors,
if
applicable,
in
effect
at
period
end.
k
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.
l
A
portion
or
all
of
the
security
purchased
on
a
delayed
delivery
basis.
m
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
mortgag-
es
pay
interest
based
on
the
index
shown
at
their
designated
reset
dates
plus
a
spread,
less
the
applicable
servicing
and
guaranty
fee
(MBS
margin).
n
Security
purchased
on
a
to-be-announced
(TBA)
basis.
o
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2023
Franklin
Total
Return
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
155
At
July
31,
2023,
the
Fund
had
the
following
marketplace
loans
outstanding.
Description
Principal
Amount
Value
Marketplace
Loans
-
1.6%
Block,
Inc.
5048228.SQ.FTS.B,
Zero
Cpn,
9/01/23
...
$
273
$
74
5048261.SQ.FTS.B,
Zero
Cpn,
9/01/23
...
242
83
5049827.SQ.FTS.B,
Zero
Cpn,
9/01/23
...
3,982
543
5050370.SQ.FTS.B,
Zero
Cpn,
9/01/23
...
22,195
6,541
5051202.SQ.FTS.B,
Zero
Cpn,
9/02/23
...
402
80
5051339.SQ.FTS.B,
Zero
Cpn,
9/02/23
...
1,372
284
5052506.SQ.FTS.B,
Zero
Cpn,
9/02/23
...
1,547
779
5057271.SQ.FTS.B,
Zero
Cpn,
9/03/23
...
57
26
5059273.SQ.FTS.B,
Zero
Cpn,
9/04/23
...
1,143
400
5059388.SQ.FTS.B,
Zero
Cpn,
9/04/23
...
868
388
5059779.SQ.FTS.B,
Zero
Cpn,
9/04/23
...
15,384
3,138
5061477.SQ.FTS.B,
Zero
Cpn,
9/04/23
...
5,939
2,091
5062144.SQ.FTS.B,
Zero
Cpn,
9/05/23
...
400
109
5062782.SQ.FTS.B,
Zero
Cpn,
9/06/23
...
1,826
596
5062902.SQ.FTS.B,
Zero
Cpn,
9/06/23
...
2,460
862
5063833.SQ.FTS.B,
Zero
Cpn,
9/07/23
...
4,089
730
5065231.SQ.FTS.B,
Zero
Cpn,
9/07/23
...
7,752
2,492
5066009.SQ.FTS.B,
Zero
Cpn,
9/08/23
...
7,997
2,764
5067639.SQ.FTS.B,
Zero
Cpn,
9/08/23
...
8,253
2,316
5068422.SQ.FTS.B,
Zero
Cpn,
9/08/23
...
2,143
993
5068585.SQ.FTS.B,
Zero
Cpn,
9/08/23
...
2,895
530
5069032.SQ.FTS.B,
Zero
Cpn,
9/09/23
...
5,551
1,190
5069067.SQ.FTS.B,
Zero
Cpn,
9/09/23
...
12,169
3,414
5069629.SQ.FTS.B,
Zero
Cpn,
9/09/23
...
144
46
5069849.SQ.FTS.B,
Zero
Cpn,
9/09/23
...
81
22
5073148.SQ.FTS.B,
Zero
Cpn,
9/10/23
...
7,251
2,512
5074113.SQ.FTS.B,
Zero
Cpn,
9/10/23
...
38,423
7,027
5074740.SQ.FTS.B,
Zero
Cpn,
9/10/23
...
3,234
787
5074780.SQ.FTS.B,
Zero
Cpn,
9/10/23
...
1,174
308
5076678.SQ.FTS.B,
Zero
Cpn,
9/11/23
...
762
281
5078382.SQ.FTS.B,
Zero
Cpn,
9/12/23
...
1,469
611
5078396.SQ.FTS.B,
Zero
Cpn,
9/12/23
...
777
384
5080067.SQ.FTS.B,
Zero
Cpn,
9/14/23
...
387
209
5080951.SQ.FTS.B,
Zero
Cpn,
9/14/23
...
654
141
5081394.SQ.FTS.B,
Zero
Cpn,
9/14/23
...
9,547
873
5082041.SQ.FTS.B,
Zero
Cpn,
9/14/23
...
2,897
936
5082286.SQ.FTS.B,
Zero
Cpn,
9/15/23
...
2,381
430
5083501.SQ.FTS.B,
Zero
Cpn,
9/15/23
...
1,611
537
5086472.SQ.FTS.B,
Zero
Cpn,
9/16/23
...
1,620
201
5086626.SQ.FTS.B,
Zero
Cpn,
9/16/23
...
1,016
295
5089593.SQ.FTS.B,
Zero
Cpn,
9/17/23
...
3,289
1,054
5090043.SQ.FTS.B,
Zero
Cpn,
9/17/23
...
124
75
5090079.SQ.FTS.B,
Zero
Cpn,
9/17/23
...
1,375
371
5090813.SQ.FTS.B,
Zero
Cpn,
9/17/23
...
4,919
1,314
5091416.SQ.FTS.B,
Zero
Cpn,
9/18/23
...
13,891
4,269
5092572.SQ.FTS.B,
Zero
Cpn,
9/18/23
...
4,043
740
5092794.SQ.FTS.B,
Zero
Cpn,
9/18/23
...
394
257
5093886.SQ.FTS.B,
Zero
Cpn,
9/19/23
...
2,277
321
5094586.SQ.FTS.B,
Zero
Cpn,
9/20/23
...
2,003
550
5095170.SQ.FTS.B,
Zero
Cpn,
9/21/23
...
2,536
322
5095634.SQ.FTS.B,
Zero
Cpn,
9/21/23
...
2,796
984
5096000.SQ.FTS.B,
Zero
Cpn,
9/21/23
...
813
112
5096503.SQ.FTS.B,
Zero
Cpn,
9/21/23
...
9,495
3,082
5097173.SQ.FTS.B,
Zero
Cpn,
9/21/23
...
729
116
5097848.SQ.FTS.B,
Zero
Cpn,
9/22/23
...
533
205
5097905.SQ.FTS.B,
Zero
Cpn,
9/22/23
...
3,691
902
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5098444.SQ.FTS.B,
Zero
Cpn,
9/22/23
...
$
4,780
$
1,887
5099132.SQ.FTS.B,
Zero
Cpn,
9/22/23
...
37,847
8,484
5099508.SQ.FTS.B,
Zero
Cpn,
9/22/23
...
2,867
717
5102220.SQ.FTS.B,
Zero
Cpn,
9/23/23
...
2,484
960
5104481.SQ.FTS.B,
Zero
Cpn,
9/24/23
...
1,513
454
5107188.SQ.FTS.B,
Zero
Cpn,
9/24/23
...
1,513
614
5109124.SQ.FTS.B,
Zero
Cpn,
9/25/23
...
520
69
5109714.SQ.FTS.B,
Zero
Cpn,
9/25/23
...
8,108
1,950
5109955.SQ.FTS.B,
Zero
Cpn,
9/25/23
...
335
69
5110418.SQ.FTS.B,
Zero
Cpn,
9/26/23
...
2
2
5110799.SQ.FTS.B,
Zero
Cpn,
9/27/23
...
21,076
6,396
5111002.SQ.FTS.B,
Zero
Cpn,
9/27/23
...
333
42
5111943.SQ.FTS.B,
Zero
Cpn,
9/28/23
...
851
81
5113482.SQ.FTS.B,
Zero
Cpn,
9/28/23
...
1,913
380
5114309.SQ.FTS.B,
Zero
Cpn,
9/28/23
...
1,076
332
5114403.SQ.FTS.B,
Zero
Cpn,
9/28/23
...
1,028
99
5115191.SQ.FTS.B,
Zero
Cpn,
9/29/23
...
1,135
109
5115942.SQ.FTS.B,
Zero
Cpn,
9/29/23
...
25,309
4,619
5117310.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
4,690
1,204
5118308.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
6,298
1,716
5118981.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
3,773
907
5119496.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
5,089
1,614
5119596.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
2,131
706
5122010.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
675
97
5122298.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
1,008
161
5124626.SQ.FTS.B,
Zero
Cpn,
9/30/23
...
132
36
5125832.SQ.FTS.B,
Zero
Cpn,
10/01/23
..
649
91
5126318.SQ.FTS.B,
Zero
Cpn,
10/01/23
..
305
112
5127752.SQ.FTS.B,
Zero
Cpn,
10/02/23
..
746
75
5127839.SQ.FTS.B,
Zero
Cpn,
10/02/23
..
215
149
5128139.SQ.FTS.B,
Zero
Cpn,
10/02/23
..
1,521
455
5128160.SQ.FTS.B,
Zero
Cpn,
10/02/23
..
2,113
236
5128257.SQ.FTS.B,
Zero
Cpn,
10/02/23
..
4,490
2,031
5129089.SQ.FTS.B,
Zero
Cpn,
10/03/23
..
5,922
805
5131068.SQ.FTS.B,
Zero
Cpn,
10/04/23
..
995
251
5131555.SQ.FTS.B,
Zero
Cpn,
10/04/23
..
784
464
5132810.SQ.FTS.B,
Zero
Cpn,
10/04/23
..
729
202
5134453.SQ.FTS.B,
Zero
Cpn,
10/05/23
..
589
114
5134858.SQ.FTS.B,
Zero
Cpn,
10/05/23
..
206
51
5135989.SQ.FTS.B,
Zero
Cpn,
10/05/23
..
6,343
1,509
5136070.SQ.FTS.B,
Zero
Cpn,
10/05/23
..
55
37
5136762.SQ.FTS.B,
Zero
Cpn,
10/06/23
..
9
9
5138063.SQ.FTS.B,
Zero
Cpn,
10/06/23
..
16,538
6,374
5139004.SQ.FTS.B,
Zero
Cpn,
10/06/23
..
198
171
5143578.SQ.FTS.B,
Zero
Cpn,
10/07/23
..
597
141
5143602.SQ.FTS.B,
Zero
Cpn,
10/07/23
..
1,106
374
5143636.SQ.FTS.B,
Zero
Cpn,
10/07/23
..
22,568
11,201
5144702.SQ.FTS.B,
Zero
Cpn,
10/07/23
..
2,530
402
5144786.SQ.FTS.B,
Zero
Cpn,
10/07/23
..
1,287
888
5145611.SQ.FTS.B,
Zero
Cpn,
10/08/23
..
446
136
5145759.SQ.FTS.B,
Zero
Cpn,
10/08/23
..
11,012
3,923
5146860.SQ.FTS.B,
Zero
Cpn,
10/08/23
..
412
231
5147227.SQ.FTS.B,
Zero
Cpn,
10/08/23
..
2,903
492
5148283.SQ.FTS.B,
Zero
Cpn,
10/09/23
..
635
238
5148419.SQ.FTS.B,
Zero
Cpn,
10/09/23
..
724
534
5148494.SQ.FTS.B,
Zero
Cpn,
10/09/23
..
769
126
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
156
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5149258.SQ.FTS.B,
Zero
Cpn,
10/10/23
..
$
2,200
$
207
5152819.SQ.FTS.B,
Zero
Cpn,
10/11/23
..
4,017
1,958
5153196.SQ.FTS.B,
Zero
Cpn,
10/11/23
..
13,914
5,239
5154593.SQ.FTS.B,
Zero
Cpn,
10/12/23
..
18
12
5154671.SQ.FTS.B,
Zero
Cpn,
10/12/23
..
674
103
5154721.SQ.FTS.B,
Zero
Cpn,
10/12/23
..
853
263
5155863.SQ.FTS.B,
Zero
Cpn,
10/12/23
..
10,908
2,682
5158276.SQ.FTS.B,
Zero
Cpn,
10/13/23
..
4,505
756
5158493.SQ.FTS.B,
Zero
Cpn,
10/13/23
..
835
318
5158980.SQ.FTS.B,
Zero
Cpn,
10/13/23
..
609
466
5164900.SQ.FTS.B,
Zero
Cpn,
10/14/23
..
2,484
802
5164998.SQ.FTS.B,
Zero
Cpn,
10/14/23
..
1,147
293
5165031.SQ.FTS.B,
Zero
Cpn,
10/14/23
..
523
133
5165513.SQ.FTS.B,
Zero
Cpn,
10/14/23
..
1,794
310
5167068.SQ.FTS.B,
Zero
Cpn,
10/15/23
..
3,125
1,909
5167306.SQ.FTS.B,
Zero
Cpn,
10/15/23
..
1,418
373
5167520.SQ.FTS.B,
Zero
Cpn,
10/15/23
..
792
211
5167589.SQ.FTS.B,
Zero
Cpn,
10/15/23
..
549
255
5167809.SQ.FTS.B,
Zero
Cpn,
10/15/23
..
101
76
5168235.SQ.FTS.B,
Zero
Cpn,
10/15/23
..
723
242
5169727.SQ.FTS.B,
Zero
Cpn,
10/15/23
..
238
127
5170933.SQ.FTS.B,
Zero
Cpn,
10/15/23
..
92
49
5172355.SQ.FTS.B,
Zero
Cpn,
10/16/23
..
343
135
5172433.SQ.FTS.B,
Zero
Cpn,
10/16/23
..
1,212
551
5178623.SQ.FTS.B,
Zero
Cpn,
10/18/23
..
2,451
1,982
5178911.SQ.FTS.B,
Zero
Cpn,
10/18/23
..
5,251
2,307
5184669.SQ.FTS.B,
Zero
Cpn,
10/19/23
..
3,872
566
5185667.SQ.FTS.B,
Zero
Cpn,
10/20/23
..
14,869
4,428
5188384.SQ.FTS.B,
Zero
Cpn,
10/20/23
..
2,191
803
5190030.SQ.FTS.B,
Zero
Cpn,
10/20/23
..
1,117
998
5198220.SQ.FTS.B,
Zero
Cpn,
10/21/23
..
1,337
970
5204516.SQ.FTS.B,
Zero
Cpn,
10/22/23
..
12,116
1,982
5207596.SQ.FTS.B,
Zero
Cpn,
10/22/23
..
954
792
5208682.SQ.FTS.B,
Zero
Cpn,
10/22/23
..
776
647
5210624.SQ.FTS.B,
Zero
Cpn,
10/24/23
..
801
231
5216201.SQ.FTS.B,
Zero
Cpn,
10/26/23
..
149
127
5216243.SQ.FTS.B,
Zero
Cpn,
10/26/23
..
2,570
950
5216795.SQ.FTS.B,
Zero
Cpn,
10/26/23
..
133
53
5218016.SQ.FTS.B,
Zero
Cpn,
10/26/23
..
2,383
999
5218743.SQ.FTS.B,
Zero
Cpn,
10/26/23
..
14,574
4,330
5220666.SQ.FTS.B,
Zero
Cpn,
10/26/23
..
343
222
5220688.SQ.FTS.B,
Zero
Cpn,
10/26/23
..
25,349
13,753
5224488.SQ.FTS.B,
Zero
Cpn,
10/27/23
..
967
749
5232002.SQ.FTS.B,
Zero
Cpn,
10/28/23
..
355
259
5232718.SQ.FTS.B,
Zero
Cpn,
10/28/23
..
1,055
202
5234308.SQ.FTS.B,
Zero
Cpn,
10/28/23
..
2,245
605
5235201.SQ.FTS.B,
Zero
Cpn,
10/29/23
..
1,059
245
5237751.SQ.FTS.B,
Zero
Cpn,
10/29/23
..
282
188
5238549.SQ.FTS.B,
Zero
Cpn,
10/29/23
..
5,126
2,953
5239980.SQ.FTS.B,
Zero
Cpn,
10/30/23
..
4,342
702
5240007.SQ.FTS.B,
Zero
Cpn,
10/30/23
..
436
179
5240149.SQ.FTS.B,
Zero
Cpn,
10/30/23
..
487
141
5240240.SQ.FTS.B,
Zero
Cpn,
10/30/23
..
3,565
2,121
5240977.SQ.FTS.B,
Zero
Cpn,
11/01/23
..
1,629
779
5243643.SQ.FTS.B,
Zero
Cpn,
11/02/23
..
3,274
932
5243677.SQ.FTS.B,
Zero
Cpn,
11/02/23
..
324
201
5244265.SQ.FTS.B,
Zero
Cpn,
11/02/23
..
17,363
7,695
5246929.SQ.FTS.B,
Zero
Cpn,
11/03/23
..
3,384
596
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5248838.SQ.FTS.B,
Zero
Cpn,
11/03/23
..
$
3,589
$
533
5249081.SQ.FTS.B,
Zero
Cpn,
11/03/23
..
1,535
228
5250046.SQ.FTS.B,
Zero
Cpn,
11/03/23
..
104
29
5251234.SQ.FTS.B,
Zero
Cpn,
11/03/23
..
12,595
5,991
5251513.SQ.FTS.B,
Zero
Cpn,
11/03/23
..
1,161
1,006
5253447.SQ.FTS.B,
Zero
Cpn,
11/04/23
..
948
671
5256936.SQ.FTS.B,
Zero
Cpn,
11/04/23
..
1,448
1,077
5262859.SQ.FTS.B,
Zero
Cpn,
11/05/23
..
6,228
2,118
5264938.SQ.FTS.B,
Zero
Cpn,
11/05/23
..
379
296
5265074.SQ.FTS.B,
Zero
Cpn,
11/05/23
..
547
105
5265868.SQ.FTS.B,
Zero
Cpn,
11/05/23
..
4,454
2,618
5270493.SQ.FTS.B,
Zero
Cpn,
11/06/23
..
1,448
139
5271294.SQ.FTS.B,
Zero
Cpn,
11/06/23
..
743
403
5271481.SQ.FTS.B,
Zero
Cpn,
11/06/23
..
872
272
5271767.SQ.FTS.B,
Zero
Cpn,
11/06/23
..
296
228
5271882.SQ.FTS.B,
Zero
Cpn,
11/06/23
..
6,771
1,030
5273369.SQ.FTS.B,
Zero
Cpn,
11/08/23
..
704
309
5273663.SQ.FTS.B,
Zero
Cpn,
11/08/23
..
307
125
5273816.SQ.FTS.B,
Zero
Cpn,
11/08/23
..
1,760
596
5273861.SQ.FTS.B,
Zero
Cpn,
11/08/23
..
2,965
921
5274762.SQ.FTS.B,
Zero
Cpn,
11/09/23
..
7
6
5281948.SQ.FTS.B,
Zero
Cpn,
11/10/23
..
29,541
8,256
5282925.SQ.FTS.B,
Zero
Cpn,
11/11/23
..
2,371
1,918
5287615.SQ.FTS.B,
Zero
Cpn,
11/12/23
..
273
182
5288617.SQ.FTS.B,
Zero
Cpn,
11/12/23
..
525
165
5290532.SQ.FTS.B,
Zero
Cpn,
11/13/23
..
1,064
719
5291714.SQ.FTS.B,
Zero
Cpn,
11/13/23
..
7,230
2,547
5291858.SQ.FTS.B,
Zero
Cpn,
11/13/23
..
10
9
5292413.SQ.FTS.B,
Zero
Cpn,
11/13/23
..
7,292
2,918
5293647.SQ.FTS.B,
Zero
Cpn,
11/14/23
..
3,503
2,081
5294178.SQ.FTS.B,
Zero
Cpn,
11/14/23
..
4,625
487
5294931.SQ.FTS.B,
Zero
Cpn,
11/15/23
..
875
607
5295791.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
72
63
5295829.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
2,714
1,407
5296152.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
3,005
900
5297124.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
5,278
1,464
5297547.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
3,771
2,597
5297679.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
4,327
2,093
5297749.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
6,353
1,917
5297998.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
636
65
5298365.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
4,547
2,310
5298839.SQ.FTS.B,
Zero
Cpn,
11/16/23
..
268
113
5300101.SQ.FTS.B,
Zero
Cpn,
11/17/23
..
441
164
5300900.SQ.FTS.B,
Zero
Cpn,
11/17/23
..
3,349
819
5302479.SQ.FTS.B,
Zero
Cpn,
11/17/23
..
13
12
5303192.SQ.FTS.B,
Zero
Cpn,
11/17/23
..
1,075
405
5303325.SQ.FTS.B,
Zero
Cpn,
11/17/23
..
3,448
1,226
5308004.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
321
126
5308374.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
1,834
222
5308440.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
1,850
415
5309472.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
3,124
728
5310662.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
4,125
1,374
5310909.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
14,880
3,804
5312112.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
121
85
5312989.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
886
158
5313199.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
2,846
993
5313296.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
1,043
303
5313375.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
2,141
926
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
157
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5313526.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
$
1,853
$
583
5313775.SQ.FTS.B,
Zero
Cpn,
11/18/23
..
40,911
16,196
5316141.SQ.FTS.B,
Zero
Cpn,
11/19/23
..
10,882
4,092
5318154.SQ.FTS.B,
Zero
Cpn,
11/19/23
..
1,339
681
5318776.SQ.FTS.B,
Zero
Cpn,
11/19/23
..
15,782
9,094
5319254.SQ.FTS.B,
Zero
Cpn,
11/19/23
..
875
204
5321246.SQ.FTS.B,
Zero
Cpn,
11/20/23
..
9,240
1,823
5324445.SQ.FTS.B,
Zero
Cpn,
11/21/23
..
3,217
1,345
5324467.SQ.FTS.B,
Zero
Cpn,
11/21/23
..
2,364
1,200
5324505.SQ.FTS.B,
Zero
Cpn,
11/21/23
..
732
243
5324511.SQ.FTS.B,
Zero
Cpn,
11/21/23
..
991
249
5325032.SQ.FTS.B,
Zero
Cpn,
11/22/23
..
1,289
714
5325434.SQ.FTS.B,
Zero
Cpn,
11/22/23
..
6,997
3,623
5325685.SQ.FTS.B,
Zero
Cpn,
11/22/23
..
671
242
5325788.SQ.FTS.B,
Zero
Cpn,
11/23/23
..
3,197
1,544
5326604.SQ.FTS.B,
Zero
Cpn,
11/23/23
..
1,332
474
5330352.SQ.FTS.B,
Zero
Cpn,
11/23/23
..
4,757
798
5330620.SQ.FTS.B,
Zero
Cpn,
11/24/23
..
391
239
5331180.SQ.FTS.B,
Zero
Cpn,
11/24/23
..
2,904
524
5331289.SQ.FTS.B,
Zero
Cpn,
11/24/23
..
295
254
5331392.SQ.FTS.B,
Zero
Cpn,
11/24/23
..
2,019
954
5335831.SQ.FTS.B,
Zero
Cpn,
11/25/23
..
5,090
3,876
5336855.SQ.FTS.B,
Zero
Cpn,
11/25/23
..
2,001
745
5337115.SQ.FTS.B,
Zero
Cpn,
11/25/23
..
293
255
5337455.SQ.FTS.B,
Zero
Cpn,
11/25/23
..
1,799
512
5337877.SQ.FTS.B,
Zero
Cpn,
11/25/23
..
256
131
5338127.SQ.FTS.B,
Zero
Cpn,
11/25/23
..
42
33
5338166.SQ.FTS.B,
Zero
Cpn,
11/25/23
..
1,373
564
5339153.SQ.FTS.B,
Zero
Cpn,
11/25/23
..
673
314
5364847.SQ.FTS.B,
Zero
Cpn,
11/26/23
..
456
86
5364883.SQ.FTS.B,
Zero
Cpn,
11/26/23
..
6,999
2,732
5367492.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
191
71
5368153.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
1,070
103
5369187.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
1,124
519
5371732.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
229
200
5376024.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
4,327
1,669
5376723.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
1,752
973
5376799.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
4,624
1,387
5378398.SQ.FTS.B,
Zero
Cpn,
11/27/23
..
32,691
9,025
5380960.SQ.FTS.B,
Zero
Cpn,
11/28/23
..
523
223
5381030.SQ.FTS.B,
Zero
Cpn,
11/28/23
..
10,498
4,627
5381932.SQ.FTS.B,
Zero
Cpn,
11/29/23
..
746
217
5382401.SQ.FTS.B,
Zero
Cpn,
11/29/23
..
2,076
1,297
5383396.SQ.FTS.B,
Zero
Cpn,
11/30/23
..
412
94
5383412.SQ.FTS.B,
Zero
Cpn,
11/30/23
..
2,807
886
5398394.SQ.FTS.B,
Zero
Cpn,
11/30/23
..
777
181
5398459.SQ.FTS.B,
Zero
Cpn,
11/30/23
..
1,077
805
5399792.SQ.FTS.B,
Zero
Cpn,
11/30/23
..
875
641
5412598.SQ.FTS.B,
Zero
Cpn,
12/01/23
..
707
399
5412683.SQ.FTS.B,
Zero
Cpn,
12/01/23
..
698
599
5413606.SQ.FTS.B,
Zero
Cpn,
12/01/23
..
2,850
1,016
5440393.SQ.FTS.B,
Zero
Cpn,
12/02/23
..
513
82
5442439.SQ.FTS.B,
Zero
Cpn,
12/02/23
..
1,242
387
5468033.SQ.FTS.B,
Zero
Cpn,
12/03/23
..
969
647
5469093.SQ.FTS.B,
Zero
Cpn,
12/03/23
..
2,371
1,663
5471203.SQ.FTS.B,
Zero
Cpn,
12/03/23
..
118
41
5471273.SQ.FTS.B,
Zero
Cpn,
12/03/23
..
1,167
449
5471332.SQ.FTS.B,
Zero
Cpn,
12/03/23
..
12,560
4,737
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5472730.SQ.FTS.B,
Zero
Cpn,
12/04/23
..
$
3,743
$
1,391
5472763.SQ.FTS.B,
Zero
Cpn,
12/04/23
..
2,711
740
5472894.SQ.FTS.B,
Zero
Cpn,
12/04/23
..
1,900
1,069
5473236.SQ.FTS.B,
Zero
Cpn,
12/04/23
..
6,897
2,495
5473309.SQ.FTS.B,
Zero
Cpn,
12/04/23
..
2,578
1,294
5474033.SQ.FTS.B,
Zero
Cpn,
12/05/23
..
1,011
329
5482619.SQ.FTS.B,
Zero
Cpn,
12/06/23
..
419
296
5493687.SQ.FTS.B,
Zero
Cpn,
12/07/23
..
1,582
616
5493760.SQ.FTS.B,
Zero
Cpn,
12/07/23
..
1,677
1,057
5495244.SQ.FTS.B,
Zero
Cpn,
12/07/23
..
1,565
353
5499117.SQ.FTS.B,
Zero
Cpn,
12/07/23
..
53
50
5501790.SQ.FTS.B,
Zero
Cpn,
12/07/23
..
11,706
7,157
5502597.SQ.FTS.B,
Zero
Cpn,
12/07/23
..
8,011
3,400
5503969.SQ.FTS.B,
Zero
Cpn,
12/07/23
..
810
335
5504275.SQ.FTS.B,
Zero
Cpn,
12/07/23
..
1,678
388
5504334.SQ.FTS.B,
Zero
Cpn,
12/07/23
..
2,881
323
5508126.SQ.FTS.B,
Zero
Cpn,
12/08/23
..
142
105
5515632.SQ.FTS.B,
Zero
Cpn,
12/08/23
..
877
326
5515935.SQ.FTS.B,
Zero
Cpn,
12/08/23
..
1,582
310
5517225.SQ.FTS.B,
Zero
Cpn,
12/08/23
..
132
63
5519182.SQ.FTS.B,
Zero
Cpn,
12/08/23
..
23,845
5,656
5528141.SQ.FTS.B,
Zero
Cpn,
12/09/23
..
526
290
5528715.SQ.FTS.B,
Zero
Cpn,
12/09/23
..
1,028
377
5530682.SQ.FTS.B,
Zero
Cpn,
12/09/23
..
8,257
1,823
5531485.SQ.FTS.B,
Zero
Cpn,
12/09/23
..
86
48
5531534.SQ.FTS.B,
Zero
Cpn,
12/09/23
..
312
221
5531634.SQ.FTS.B,
Zero
Cpn,
12/09/23
..
16,877
5,346
5531927.SQ.FTS.B,
Zero
Cpn,
12/09/23
..
28,497
15,232
5534538.SQ.FTS.B,
Zero
Cpn,
12/10/23
..
3,044
561
5535542.SQ.FTS.B,
Zero
Cpn,
12/10/23
..
2,109
734
5536027.SQ.FTS.B,
Zero
Cpn,
12/10/23
..
916
532
5536092.SQ.FTS.B,
Zero
Cpn,
12/10/23
..
4,500
1,788
5537230.SQ.FTS.B,
Zero
Cpn,
12/10/23
..
7,336
3,043
5537511.SQ.FTS.B,
Zero
Cpn,
12/10/23
..
469
281
5539604.SQ.FTS.B,
Zero
Cpn,
12/10/23
..
1,009
750
5539742.SQ.FTS.B,
Zero
Cpn,
12/11/23
..
3,222
1,381
5540934.SQ.FTS.B,
Zero
Cpn,
12/12/23
..
5,828
2,654
5542232.SQ.FTS.B,
Zero
Cpn,
12/13/23
..
9,576
1,951
5543476.SQ.FTS.B,
Zero
Cpn,
12/13/23
..
697
143
5546306.SQ.FTS.B,
Zero
Cpn,
12/13/23
..
1,688
1,472
5546767.SQ.FTS.B,
Zero
Cpn,
12/13/23
..
9,786
4,357
5547948.SQ.FTS.B,
Zero
Cpn,
12/14/23
..
468
462
5548729.SQ.FTS.B,
Zero
Cpn,
12/14/23
..
343
51
5549559.SQ.FTS.B,
Zero
Cpn,
12/14/23
..
1,866
918
5550595.SQ.FTS.B,
Zero
Cpn,
12/14/23
..
659
478
5551837.SQ.FTS.B,
Zero
Cpn,
12/14/23
..
4,102
1,147
5553801.SQ.FTS.B,
Zero
Cpn,
12/14/23
..
15,160
3,632
5553995.SQ.FTS.B,
Zero
Cpn,
12/14/23
..
680
152
5557334.SQ.FTS.B,
Zero
Cpn,
12/15/23
..
347
274
5558723.SQ.FTS.B,
Zero
Cpn,
12/15/23
..
2,760
2,620
5558866.SQ.FTS.B,
Zero
Cpn,
12/15/23
..
927
567
5559238.SQ.FTS.B,
Zero
Cpn,
12/15/23
..
5,951
3,198
5561371.SQ.FTS.B,
Zero
Cpn,
12/16/23
..
693
600
5562378.SQ.FTS.B,
Zero
Cpn,
12/16/23
..
1,289
921
5563870.SQ.FTS.B,
Zero
Cpn,
12/16/23
..
1,903
1,444
5564400.SQ.FTS.B,
Zero
Cpn,
12/16/23
..
4,180
1,757
5564465.SQ.FTS.B,
Zero
Cpn,
12/16/23
..
3,809
479
5564739.SQ.FTS.B,
Zero
Cpn,
12/17/23
..
4,014
1,721
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
158
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5565342.SQ.FTS.B,
Zero
Cpn,
12/17/23
..
$
1,550
$
340
5565718.SQ.FTS.B,
Zero
Cpn,
12/17/23
..
1,113
302
5566977.SQ.FTS.B,
Zero
Cpn,
12/17/23
..
4,680
458
5567514.SQ.FTS.B,
Zero
Cpn,
12/17/23
..
2,706
1,694
5568613.SQ.FTS.B,
Zero
Cpn,
12/18/23
..
7,092
706
5568652.SQ.FTS.B,
Zero
Cpn,
12/18/23
..
137
95
5568792.SQ.FTS.B,
Zero
Cpn,
12/19/23
..
513
412
5568817.SQ.FTS.B,
Zero
Cpn,
12/19/23
..
2,038
1,718
5569601.SQ.FTS.B,
Zero
Cpn,
12/20/23
..
237
84
5569924.SQ.FTS.B,
Zero
Cpn,
12/20/23
..
1,466
573
5571039.SQ.FTS.B,
Zero
Cpn,
12/20/23
..
585
518
5571610.SQ.FTS.B,
Zero
Cpn,
12/20/23
..
10,025
3,542
5571805.SQ.FTS.B,
Zero
Cpn,
12/20/23
..
3,864
2,476
5574449.SQ.FTS.B,
Zero
Cpn,
12/21/23
..
8,365
3,699
5574619.SQ.FTS.B,
Zero
Cpn,
12/21/23
..
1,602
310
5574770.SQ.FTS.B,
Zero
Cpn,
12/21/23
..
10,449
3,383
5575277.SQ.FTS.B,
Zero
Cpn,
12/21/23
..
1,129
437
5575354.SQ.FTS.B,
Zero
Cpn,
12/21/23
..
1,867
646
5578014.SQ.FTS.B,
Zero
Cpn,
12/22/23
..
328
251
5578293.SQ.FTS.B,
Zero
Cpn,
12/22/23
..
4,171
1,138
5578333.SQ.FTS.B,
Zero
Cpn,
12/22/23
..
3,685
1,813
5578383.SQ.FTS.B,
Zero
Cpn,
12/22/23
..
16,449
6,240
5578920.SQ.FTS.B,
Zero
Cpn,
12/22/23
..
109
94
5578934.SQ.FTS.B,
Zero
Cpn,
12/22/23
..
3,965
1,271
5581220.SQ.FTS.B,
Zero
Cpn,
12/23/23
..
3,130
1,164
5581405.SQ.FTS.B,
Zero
Cpn,
12/23/23
..
1,251
459
5581428.SQ.FTS.B,
Zero
Cpn,
12/23/23
..
4,307
2,567
5581964.SQ.FTS.B,
Zero
Cpn,
12/23/23
..
7,774
3,258
5582607.SQ.FTS.B,
Zero
Cpn,
12/23/23
..
525
324
5582638.SQ.FTS.B,
Zero
Cpn,
12/23/23
..
1,582
185
5582775.SQ.FTS.B,
Zero
Cpn,
12/23/23
..
565
159
5583691.SQ.FTS.B,
Zero
Cpn,
12/23/23
..
2,305
1,147
5584970.SQ.FTS.B,
Zero
Cpn,
12/24/23
..
3,580
861
5585193.SQ.FTS.B,
Zero
Cpn,
12/24/23
..
1,038
393
5585802.SQ.FTS.B,
Zero
Cpn,
12/24/23
..
378
311
5587763.SQ.FTS.B,
Zero
Cpn,
12/24/23
..
13,450
2,554
5587867.SQ.FTS.B,
Zero
Cpn,
12/24/23
..
1,191
550
5587897.SQ.FTS.B,
Zero
Cpn,
12/24/23
..
21,318
3,563
5588182.SQ.FTS.B,
Zero
Cpn,
12/25/23
..
603
533
5588423.SQ.FTS.B,
Zero
Cpn,
12/25/23
..
46
42
5588544.SQ.FTS.B,
Zero
Cpn,
12/25/23
..
1,643
786
5588599.SQ.FTS.B,
Zero
Cpn,
12/25/23
..
940
421
5588620.SQ.FTS.B,
Zero
Cpn,
12/25/23
..
4,534
3,561
5588868.SQ.FTS.B,
Zero
Cpn,
12/26/23
..
2,471
681
5589011.SQ.FTS.B,
Zero
Cpn,
12/26/23
..
996
206
5589268.SQ.FTS.B,
Zero
Cpn,
12/26/23
..
447
82
5589338.SQ.FTS.B,
Zero
Cpn,
12/26/23
..
3,722
1,977
5593696.SQ.FTS.B,
Zero
Cpn,
12/28/23
..
16,651
5,394
5594128.SQ.FTS.B,
Zero
Cpn,
12/28/23
..
3,289
900
5597413.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
327
306
5597612.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
4,000
2,469
5597684.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
2,106
1,343
5599130.SQ.FTS.B,
Zero
Cpn,
12/29/23
..
938
474
5608438.SQ.FTS.B,
Zero
Cpn,
12/30/23
..
1,356
1,088
5609439.SQ.FTS.B,
Zero
Cpn,
12/30/23
..
2,708
1,157
5609525.SQ.FTS.B,
Zero
Cpn,
12/30/23
..
361
188
5610861.SQ.FTS.B,
Zero
Cpn,
12/30/23
..
13,271
7,417
5611249.SQ.FTS.B,
Zero
Cpn,
12/30/23
..
1,749
672
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5613141.SQ.FTS.B,
Zero
Cpn,
1/01/24
...
$
4,600
$
3,307
5613257.SQ.FTS.B,
Zero
Cpn,
1/01/24
...
3,862
2,423
5613321.SQ.FTS.B,
Zero
Cpn,
1/01/24
...
1,643
1,016
5613593.SQ.FTS.B,
Zero
Cpn,
1/01/24
...
1,902
944
5614043.SQ.FTS.B,
Zero
Cpn,
1/01/24
...
1,509
606
5614600.SQ.FTS.B,
Zero
Cpn,
1/01/24
...
584
542
5615395.SQ.FTS.B,
Zero
Cpn,
1/01/24
...
3,872
3,439
5619805.SQ.FTS.B,
Zero
Cpn,
1/04/24
...
1,683
481
5621282.SQ.FTS.B,
Zero
Cpn,
1/05/24
...
2,118
709
5622786.SQ.FTS.B,
Zero
Cpn,
1/05/24
...
598
535
5622991.SQ.FTS.B,
Zero
Cpn,
1/05/24
...
576
548
5623424.SQ.FTS.B,
Zero
Cpn,
1/05/24
...
371
276
5625282.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
980
888
5627848.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
1,809
965
5627997.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
1,040
435
5628017.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
354
314
5629056.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
1,080
330
5629589.SQ.FTS.B,
Zero
Cpn,
1/06/24
...
7,177
6,367
5641293.SQ.FTS.B,
Zero
Cpn,
1/07/24
...
2,632
494
5644715.SQ.FTS.B,
Zero
Cpn,
1/07/24
...
4,969
2,497
5644959.SQ.FTS.B,
Zero
Cpn,
1/07/24
...
10,493
3,272
5646926.SQ.FTS.B,
Zero
Cpn,
1/07/24
...
4,350
2,375
5649083.SQ.FTS.B,
Zero
Cpn,
1/08/24
...
267
245
5649756.SQ.FTS.B,
Zero
Cpn,
1/08/24
...
790
606
5651436.SQ.FTS.B,
Zero
Cpn,
1/08/24
...
895
399
5652976.SQ.FTS.B,
Zero
Cpn,
1/08/24
...
722
544
5655794.SQ.FTS.B,
Zero
Cpn,
1/09/24
...
423
255
5655805.SQ.FTS.B,
Zero
Cpn,
1/09/24
...
9,103
3,607
5656317.SQ.FTS.B,
Zero
Cpn,
1/10/24
...
3,805
3,103
5656603.SQ.FTS.B,
Zero
Cpn,
1/10/24
...
1,585
491
5656630.SQ.FTS.B,
Zero
Cpn,
1/10/24
...
505
259
5656707.SQ.FTS.B,
Zero
Cpn,
1/10/24
...
3,920
1,263
5656852.SQ.FTS.B,
Zero
Cpn,
1/10/24
...
1,927
1,006
5661432.SQ.FTS.B,
Zero
Cpn,
1/11/24
...
27,848
11,657
5662540.SQ.FTS.B,
Zero
Cpn,
1/11/24
...
11,073
7,261
5664038.SQ.FTS.B,
Zero
Cpn,
1/11/24
...
14,282
5,769
5666857.SQ.FTS.B,
Zero
Cpn,
1/12/24
...
50,254
21,790
5670099.SQ.FTS.B,
Zero
Cpn,
1/12/24
...
1,442
647
5670219.SQ.FTS.B,
Zero
Cpn,
1/12/24
...
7,215
2,672
5672062.SQ.FTS.B,
Zero
Cpn,
1/12/24
...
957
515
5672657.SQ.FTS.B,
Zero
Cpn,
1/13/24
...
1,961
728
5672716.SQ.FTS.B,
Zero
Cpn,
1/13/24
...
2,164
861
5676023.SQ.FTS.B,
Zero
Cpn,
1/13/24
...
1,163
275
5677506.SQ.FTS.B,
Zero
Cpn,
1/13/24
...
7,693
3,962
5678063.SQ.FTS.B,
Zero
Cpn,
1/13/24
...
156
62
5689054.SQ.FTS.B,
Zero
Cpn,
1/14/24
...
354
307
5689201.SQ.FTS.B,
Zero
Cpn,
1/14/24
...
839
704
5694752.SQ.FTS.B,
Zero
Cpn,
1/14/24
...
35,953
19,273
5695515.SQ.FTS.B,
Zero
Cpn,
1/14/24
...
3,685
945
5696224.SQ.FTS.B,
Zero
Cpn,
1/15/24
...
4,134
1,396
5698837.SQ.FTS.B,
Zero
Cpn,
1/15/24
...
8,377
3,196
5701510.SQ.FTS.B,
Zero
Cpn,
1/15/24
...
251
68
5701712.SQ.FTS.B,
Zero
Cpn,
1/15/24
...
755
698
5702064.SQ.FTS.B,
Zero
Cpn,
1/15/24
...
1,794
1,109
5702108.SQ.FTS.B,
Zero
Cpn,
1/15/24
...
236
217
5702856.SQ.FTS.B,
Zero
Cpn,
1/16/24
...
1,341
525
5702883.SQ.FTS.B,
Zero
Cpn,
1/16/24
...
1,530
1,406
5703564.SQ.FTS.B,
Zero
Cpn,
1/17/24
...
5,948
3,196
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
159
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5705331.SQ.FTS.B,
Zero
Cpn,
1/18/24
...
$
1,467
$
344
5707682.SQ.FTS.B,
Zero
Cpn,
1/18/24
...
224
173
5707870.SQ.FTS.B,
Zero
Cpn,
1/18/24
...
5,364
3,980
5709306.SQ.FTS.B,
Zero
Cpn,
1/18/24
...
5,312
3,901
5710153.SQ.FTS.B,
Zero
Cpn,
1/19/24
...
180
144
5710324.SQ.FTS.B,
Zero
Cpn,
1/19/24
...
1,888
1,724
5710556.SQ.FTS.B,
Zero
Cpn,
1/19/24
...
3,103
3,022
5713347.SQ.FTS.B,
Zero
Cpn,
1/19/24
...
1,075
673
5714621.SQ.FTS.B,
Zero
Cpn,
1/19/24
...
25,006
7,737
5715524.SQ.FTS.B,
Zero
Cpn,
1/19/24
...
1,945
837
5716127.SQ.FTS.B,
Zero
Cpn,
1/19/24
...
2,228
1,738
5716182.SQ.FTS.B,
Zero
Cpn,
1/19/24
...
300
229
5716838.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
1,972
1,607
5719100.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
605
562
5719339.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
1,667
727
5720094.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
2,532
2,147
5720195.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
70
32
5720196.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
980
413
5720995.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
538
166
5721008.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
4,207
828
5721170.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
338
335
5721222.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
583
325
5721363.SQ.FTS.B,
Zero
Cpn,
1/20/24
...
47,507
21,082
5726619.SQ.FTS.B,
Zero
Cpn,
1/21/24
...
11,825
6,712
5726983.SQ.FTS.B,
Zero
Cpn,
1/21/24
...
778
712
5728678.SQ.FTS.B,
Zero
Cpn,
1/21/24
...
3,940
2,225
5728974.SQ.FTS.B,
Zero
Cpn,
1/21/24
...
20,155
9,135
5729353.SQ.FTS.B,
Zero
Cpn,
1/21/24
...
7,817
2,571
5730254.SQ.FTS.B,
Zero
Cpn,
1/21/24
...
9,622
6,629
5730442.SQ.FTS.B,
Zero
Cpn,
1/21/24
...
2,138
2,015
5732481.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
1,023
213
5733912.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
14,207
4,953
5734069.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
5,994
2,481
5734174.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
10
9
5734224.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
1,035
716
5734330.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
1,434
489
5734473.SQ.FTS.B,
Zero
Cpn,
1/22/24
...
4,239
2,305
5739318.SQ.FTS.B,
Zero
Cpn,
1/25/24
...
9,310
5,550
5740188.SQ.FTS.B,
Zero
Cpn,
1/26/24
...
134
128
5741480.SQ.FTS.B,
Zero
Cpn,
1/26/24
...
275
188
5741860.SQ.FTS.B,
Zero
Cpn,
1/26/24
...
454
91
5741942.SQ.FTS.B,
Zero
Cpn,
1/26/24
...
6,016
3,791
5742317.SQ.FTS.B,
Zero
Cpn,
1/26/24
...
442
430
5743234.SQ.FTS.B,
Zero
Cpn,
1/26/24
...
717
669
5743692.SQ.FTS.B,
Zero
Cpn,
1/27/24
...
3,291
1,881
5743913.SQ.FTS.B,
Zero
Cpn,
1/27/24
...
14,974
5,029
5744738.SQ.FTS.B,
Zero
Cpn,
1/27/24
...
610
263
5744940.SQ.FTS.B,
Zero
Cpn,
1/27/24
...
3,148
2,290
5745047.SQ.FTS.B,
Zero
Cpn,
1/27/24
...
338
307
5745337.SQ.FTS.B,
Zero
Cpn,
1/27/24
...
615
404
5745525.SQ.FTS.B,
Zero
Cpn,
1/27/24
...
7,962
5,185
5746777.SQ.FTS.B,
Zero
Cpn,
1/27/24
...
1,059
1,024
5754429.SQ.FTS.B,
Zero
Cpn,
1/29/24
...
3,005
942
5754535.SQ.FTS.B,
Zero
Cpn,
1/29/24
...
1,490
1,189
5755105.SQ.FTS.B,
Zero
Cpn,
1/29/24
...
3,609
1,405
5756156.SQ.FTS.B,
Zero
Cpn,
1/29/24
...
3,978
2,637
5756490.SQ.FTS.B,
Zero
Cpn,
1/29/24
...
28,616
3,382
5756660.SQ.FTS.B,
Zero
Cpn,
1/30/24
...
17,332
3,271
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5757260.SQ.FTS.B,
Zero
Cpn,
1/30/24
...
$
781
$
558
5757294.SQ.FTS.B,
Zero
Cpn,
1/30/24
...
5,660
2,593
5758278.SQ.FTS.B,
Zero
Cpn,
1/31/24
...
3,516
3,210
5760462.SQ.FTS.B,
Zero
Cpn,
2/01/24
...
331
185
5761813.SQ.FTS.B,
Zero
Cpn,
2/01/24
...
1,514
956
5763347.SQ.FTS.B,
Zero
Cpn,
2/02/24
...
396
379
5763612.SQ.FTS.B,
Zero
Cpn,
2/02/24
...
922
671
5763640.SQ.FTS.B,
Zero
Cpn,
2/02/24
...
1,156
1,078
5764142.SQ.FTS.B,
Zero
Cpn,
2/02/24
...
409
120
5765574.SQ.FTS.B,
Zero
Cpn,
2/02/24
...
3,654
2,593
5765654.SQ.FTS.B,
Zero
Cpn,
2/02/24
...
3,271
2,898
5765767.SQ.FTS.B,
Zero
Cpn,
2/02/24
...
1,784
1,289
5767523.SQ.FTS.B,
Zero
Cpn,
2/03/24
...
17,755
11,590
5767917.SQ.FTS.B,
Zero
Cpn,
2/03/24
...
885
770
5767979.SQ.FTS.B,
Zero
Cpn,
2/03/24
...
2,624
281
5769375.SQ.FTS.B,
Zero
Cpn,
2/03/24
...
2,824
995
5769480.SQ.FTS.B,
Zero
Cpn,
2/03/24
...
9,254
3,988
5769756.SQ.FTS.B,
Zero
Cpn,
2/03/24
...
493
311
5772525.SQ.FTS.B,
Zero
Cpn,
2/04/24
...
1,633
1,306
5772616.SQ.FTS.B,
Zero
Cpn,
2/04/24
...
10,404
3,411
5774638.SQ.FTS.B,
Zero
Cpn,
2/04/24
...
424
373
5775510.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
792
447
5775630.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
3,337
1,060
5776421.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
1,437
1,193
5777129.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
5,472
5,075
5777849.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
3,728
1,639
5777935.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
3,963
3,918
5778637.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
745
171
5778756.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
2,847
826
5778865.SQ.FTS.B,
Zero
Cpn,
2/05/24
...
3,943
1,882
5779535.SQ.FTS.B,
Zero
Cpn,
2/06/24
...
613
444
5779967.SQ.FTS.B,
Zero
Cpn,
2/06/24
...
2,379
513
5780239.SQ.FTS.B,
Zero
Cpn,
2/07/24
...
7,900
3,063
5780627.SQ.FTS.B,
Zero
Cpn,
2/07/24
...
3,007
2,639
5782195.SQ.FTS.B,
Zero
Cpn,
2/08/24
...
1,128
785
5782354.SQ.FTS.B,
Zero
Cpn,
2/08/24
...
2,590
2,015
5784689.SQ.FTS.B,
Zero
Cpn,
2/08/24
...
766
672
5784888.SQ.FTS.B,
Zero
Cpn,
2/09/24
...
1,981
1,080
5788233.SQ.FTS.B,
Zero
Cpn,
2/09/24
...
881
523
5788805.SQ.FTS.B,
Zero
Cpn,
2/09/24
...
20,630
15,860
5789379.SQ.FTS.B,
Zero
Cpn,
2/09/24
...
5,491
4,132
5790345.SQ.FTS.B,
Zero
Cpn,
2/10/24
...
410
378
5793198.SQ.FTS.B,
Zero
Cpn,
2/10/24
...
14,656
7,204
5795334.SQ.FTS.B,
Zero
Cpn,
2/10/24
...
2,288
1,452
5796633.SQ.FTS.B,
Zero
Cpn,
2/10/24
...
2,959
486
5796654.SQ.FTS.B,
Zero
Cpn,
2/10/24
...
23,973
7,589
5796931.SQ.FTS.B,
Zero
Cpn,
2/10/24
...
2,946
2,677
5801833.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
1,139
534
5802042.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
49,428
11,818
5803379.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
3,536
2,703
5804230.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
1,093
446
5804251.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
6,862
5,048
5805318.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
12
11
5805328.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
448
221
5805369.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
2,188
385
5805398.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
2,828
1,995
5805490.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
629
319
5806428.SQ.FTS.B,
Zero
Cpn,
2/11/24
...
406
390
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
160
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5808150.SQ.FTS.B,
Zero
Cpn,
2/12/24
...
$
1,907
$
1,166
5809849.SQ.FTS.B,
Zero
Cpn,
2/12/24
...
3,219
2,426
5811504.SQ.FTS.B,
Zero
Cpn,
2/12/24
...
32,723
20,372
5813311.SQ.FTS.B,
Zero
Cpn,
2/13/24
...
6,723
5,838
5813621.SQ.FTS.B,
Zero
Cpn,
2/13/24
...
450
439
5816654.SQ.FTS.B,
Zero
Cpn,
2/15/24
...
13,550
7,401
5817927.SQ.FTS.B,
Zero
Cpn,
2/15/24
...
472
442
5818012.SQ.FTS.B,
Zero
Cpn,
2/15/24
...
608
233
5818363.SQ.FTS.B,
Zero
Cpn,
2/15/24
...
944
722
5818400.SQ.FTS.B,
Zero
Cpn,
2/15/24
...
324
299
5818437.SQ.FTS.B,
Zero
Cpn,
2/15/24
...
2,597
1,291
5818633.SQ.FTS.B,
Zero
Cpn,
2/15/24
...
1,242
451
5818715.SQ.FTS.B,
Zero
Cpn,
2/16/24
...
3,217
2,894
5818855.SQ.FTS.B,
Zero
Cpn,
2/16/24
...
1,749
1,705
5819704.SQ.FTS.B,
Zero
Cpn,
2/16/24
...
1,889
1,762
5820974.SQ.FTS.B,
Zero
Cpn,
2/16/24
...
10,544
10,277
5821663.SQ.FTS.B,
Zero
Cpn,
2/16/24
...
2,685
1,849
5821739.SQ.FTS.B,
Zero
Cpn,
2/16/24
...
43,169
21,884
5822507.SQ.FTS.B,
Zero
Cpn,
2/17/24
...
1,185
636
5823402.SQ.FTS.B,
Zero
Cpn,
2/17/24
...
17,103
8,487
5823637.SQ.FTS.B,
Zero
Cpn,
2/17/24
...
13,608
10,749
5824064.SQ.FTS.B,
Zero
Cpn,
2/17/24
...
16,502
11,012
5824290.SQ.FTS.B,
Zero
Cpn,
2/17/24
...
1,207
350
5827288.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
6,172
5,650
5827454.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
1,542
1,148
5827612.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
5,396
2,141
5827715.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
3,528
1,051
5828998.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
7
7
5829252.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
1,387
1,280
5829308.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
14,856
8,578
5830245.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
2,347
2,195
5830680.SQ.FTS.B,
Zero
Cpn,
2/18/24
...
273
252
5831084.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
1,172
1,120
5831453.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
337
330
5831642.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
3,872
1,991
5832876.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
1,096
200
5832933.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
871
262
5832996.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
1,053
869
5833448.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
6,915
3,118
5833744.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
4,166
369
5833769.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
731
699
5833778.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
1,477
1,227
5833882.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
5,993
5,665
5833976.SQ.FTS.B,
Zero
Cpn,
2/19/24
...
9,412
8,721
5834836.SQ.FTS.B,
Zero
Cpn,
2/20/24
...
447
315
5835427.SQ.FTS.B,
Zero
Cpn,
2/21/24
...
314
117
5835547.SQ.FTS.B,
Zero
Cpn,
2/21/24
...
125
115
5835754.SQ.FTS.B,
Zero
Cpn,
2/21/24
...
19
19
5836652.SQ.FTS.B,
Zero
Cpn,
2/22/24
...
619
443
5836892.SQ.FTS.B,
Zero
Cpn,
2/22/24
...
20,670
16,968
5840032.SQ.FTS.B,
Zero
Cpn,
2/23/24
...
18,649
4,297
5840997.SQ.FTS.B,
Zero
Cpn,
2/23/24
...
993
734
5841018.SQ.FTS.B,
Zero
Cpn,
2/23/24
...
856
822
5842081.SQ.FTS.B,
Zero
Cpn,
2/23/24
...
4,197
2,833
5842185.SQ.FTS.B,
Zero
Cpn,
2/23/24
...
1,389
1,355
5843566.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
5,389
1,962
5843683.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
243
190
5843736.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
1,277
406
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5843744.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
$
33
$
32
5844400.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
269
247
5844723.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
837
308
5844917.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
2,860
1,578
5845408.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
246
232
5845524.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
328
34
5845527.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
1,793
1,561
5845663.SQ.FTS.B,
Zero
Cpn,
2/24/24
...
365
354
5848650.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
2,710
834
5849439.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
8,588
7,873
5849972.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
2,851
2,769
5850244.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
6,788
6,221
5851014.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
4,442
4,251
5851134.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
8,607
3,253
5851216.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
1,077
1,005
5851296.SQ.FTS.B,
Zero
Cpn,
2/25/24
...
809
791
5851857.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
10,142
9,932
5852446.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
3,090
2,876
5852555.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
1,135
895
5853107.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
1,186
673
5853138.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
5,451
5,249
5853687.SQ.FTS.B,
Zero
Cpn,
2/26/24
...
2,543
1,560
5855247.SQ.FTS.B,
Zero
Cpn,
2/27/24
...
2,503
2,352
5855330.SQ.FTS.B,
Zero
Cpn,
2/27/24
...
3,253
2,547
5855794.SQ.FTS.B,
Zero
Cpn,
2/27/24
...
1,059
1,026
5855815.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
2,097
584
5855822.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
2,365
712
5855969.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
940
875
5856147.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
85
83
5856180.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
41
40
5856377.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
104
103
5856395.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
140
136
5856506.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
2,175
1,594
5856524.SQ.FTS.B,
Zero
Cpn,
2/28/24
...
837
212
5857111.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
191
187
5857271.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
5,840
2,169
5860892.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
1,582
1,440
5860934.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
4,407
2,152
5861047.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
544
541
5861252.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
1,028
977
5861362.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
604
495
5862832.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
57,567
34,010
5864281.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
4,577
2,281
5864883.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
536
438
5865016.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
2,634
1,002
5866257.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
23,617
21,481
5866953.SQ.FTS.B,
Zero
Cpn,
2/29/24
...
9,177
8,157
5870230.SQ.FTS.B,
Zero
Cpn,
3/01/24
...
3,203
1,011
5871100.SQ.FTS.B,
Zero
Cpn,
3/01/24
...
19,844
9,628
5872195.SQ.FTS.B,
Zero
Cpn,
3/01/24
...
11,306
6,876
5873503.SQ.FTS.B,
Zero
Cpn,
3/01/24
...
1,500
1,421
5874146.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
507
481
5874194.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
224
73
5874616.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
214
207
5874626.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
2,624
2,365
5874820.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
3,102
3,016
5875346.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
22,160
11,390
5875845.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
388
374
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
161
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5876202.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
$
4,771
$
4,580
5876448.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
1,366
226
5876942.SQ.FTS.B,
Zero
Cpn,
3/02/24
...
12,622
5,614
5877200.SQ.FTS.B,
Zero
Cpn,
3/03/24
...
2,486
2,410
5877718.SQ.FTS.B,
Zero
Cpn,
3/03/24
...
462
437
5877753.SQ.FTS.B,
Zero
Cpn,
3/03/24
...
637
567
5877777.SQ.FTS.B,
Zero
Cpn,
3/03/24
...
1,062
899
5878083.SQ.FTS.B,
Zero
Cpn,
3/04/24
...
5,024
3,835
5878670.SQ.FTS.B,
Zero
Cpn,
3/05/24
...
1,652
1,370
5878696.SQ.FTS.B,
Zero
Cpn,
3/05/24
...
237
225
5878736.SQ.FTS.B,
Zero
Cpn,
3/05/24
...
3,581
2,353
5878794.SQ.FTS.B,
Zero
Cpn,
3/05/24
...
585
555
5878845.SQ.FTS.B,
Zero
Cpn,
3/05/24
...
1,019
884
5878878.SQ.FTS.B,
Zero
Cpn,
3/05/24
...
429
99
5881085.SQ.FTS.B,
Zero
Cpn,
3/06/24
...
1,471
1,280
5881405.SQ.FTS.B,
Zero
Cpn,
3/06/24
...
877
850
5882516.SQ.FTS.B,
Zero
Cpn,
3/06/24
...
154
145
5882758.SQ.FTS.B,
Zero
Cpn,
3/06/24
...
6,168
5,327
5883792.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
131
121
5884155.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
6,835
6,227
5884296.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
2,014
1,707
5884476.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
3,974
2,879
5884556.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
1,492
1,329
5884756.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
826
251
5884849.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
915
900
5885098.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
264
260
5885355.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
1,750
1,674
5885927.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
812
705
5885936.SQ.FTS.B,
Zero
Cpn,
3/07/24
...
67
64
5887977.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
814
708
5888038.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
267
252
5888127.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
7,162
6,876
5889024.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
1,971
1,924
5889467.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
55
51
5889537.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
770
628
5890379.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
1,471
1,195
5890737.SQ.FTS.B,
Zero
Cpn,
3/08/24
...
31,239
18,837
5891259.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
1,489
1,407
5891388.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
3,614
2,255
5891940.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
846
472
5892236.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
3,024
656
5892257.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
3,230
1,702
5892501.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
760
336
5892907.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
2,548
572
5893120.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
3,245
1,389
5893532.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
10,009
4,803
5893722.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
1,899
1,843
5894049.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
5,935
2,432
5894210.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
1,249
1,184
5894227.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
6,594
1,993
5894272.SQ.FTS.B,
Zero
Cpn,
3/09/24
...
1,296
1,120
5894383.SQ.FTS.B,
Zero
Cpn,
3/10/24
...
6,540
4,100
5894587.SQ.FTS.B,
Zero
Cpn,
3/10/24
...
1,608
939
5894605.SQ.FTS.B,
Zero
Cpn,
3/10/24
...
2,357
2,178
5894669.SQ.FTS.B,
Zero
Cpn,
3/10/24
...
7,197
6,808
5894856.SQ.FTS.B,
Zero
Cpn,
3/10/24
...
1,240
979
5895127.SQ.FTS.B,
Zero
Cpn,
3/11/24
...
272
257
5895782.SQ.FTS.B,
Zero
Cpn,
3/11/24
...
754
693
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5899146.SQ.FTS.B,
Zero
Cpn,
3/12/24
...
$
1,011
$
838
5899178.SQ.FTS.B,
Zero
Cpn,
3/12/24
...
477
252
5899767.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
1,473
743
5900522.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
883
237
5900556.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
1
1
5900917.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
970
574
5900919.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
6,552
3,837
5900966.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
2,389
573
5900991.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
1,582
1,024
5901016.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
2,035
1,803
5901819.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
784
448
5901856.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
2,757
2,469
5901924.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
1,446
647
5901949.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
1,549
1,479
5902007.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
1,148
308
5902039.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
4,574
1,642
5902049.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
3,306
2,915
5902066.SQ.FTS.B,
Zero
Cpn,
3/13/24
...
15,082
12,151
5902335.SQ.FTS.B,
Zero
Cpn,
3/14/24
...
7,205
4,710
5902878.SQ.FTS.B,
Zero
Cpn,
3/14/24
...
794
616
5903462.SQ.FTS.B,
Zero
Cpn,
3/14/24
...
406
389
5903502.SQ.FTS.B,
Zero
Cpn,
3/14/24
...
4,273
3,214
5904049.SQ.FTS.B,
Zero
Cpn,
3/14/24
...
1,176
577
5905115.SQ.FTS.B,
Zero
Cpn,
3/14/24
...
2,924
2,363
5906778.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
9,807
9,629
5907242.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
1,439
1,303
5907307.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
4,223
1,558
5907771.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
15,644
12,736
5908497.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
5,413
2,508
5908792.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
3,955
1,934
5908815.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
2,396
2,334
5908855.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
455
406
5908891.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
5,276
4,126
5909420.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
1,078
939
5909726.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
266
230
5909844.SQ.FTS.B,
Zero
Cpn,
3/15/24
...
16,998
6,006
5910120.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
626
458
5910423.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
2,858
2,800
5910801.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
226
220
5911132.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
31,967
11,825
5911509.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
1,087
640
5911520.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
15,618
14,584
5912076.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
202
193
5912428.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
2,401
1,747
5912454.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
2,264
679
5912708.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
1,173
1,098
5912751.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
31,540
28,346
5913213.SQ.FTS.B,
Zero
Cpn,
3/16/24
...
10,861
10,380
5913409.SQ.FTS.B,
Zero
Cpn,
3/17/24
...
4,406
4,104
5913591.SQ.FTS.B,
Zero
Cpn,
3/17/24
...
1,335
1,186
5913791.SQ.FTS.B,
Zero
Cpn,
3/17/24
...
462
445
5914148.SQ.FTS.B,
Zero
Cpn,
3/18/24
...
1,465
1,347
5914291.SQ.FTS.B,
Zero
Cpn,
3/18/24
...
955
855
5914346.SQ.FTS.B,
Zero
Cpn,
3/18/24
...
319
288
5914747.SQ.FTS.B,
Zero
Cpn,
3/18/24
...
434
257
5915002.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
2,259
878
5915132.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
1,028
1,015
5915299.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
448
392
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
162
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5916129.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
$
3
$
3
5916186.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
3,697
1,629
5917212.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
1,725
697
5917300.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
12,481
3,071
5917893.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
14,233
10,798
5918205.SQ.FTS.B,
Zero
Cpn,
3/19/24
...
693
298
5918675.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
305
230
5918679.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
3,672
3,465
5918781.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
5,466
5,164
5918972.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
8,974
3,186
5919520.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
1,071
812
5919534.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
12,184
10,994
5919756.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
9,188
6,264
5919870.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
24,112
18,783
5920879.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
2,311
2,285
5921812.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
1,536
472
5921964.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
623
106
5922077.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
1,538
349
5922258.SQ.FTS.B,
Zero
Cpn,
3/20/24
...
227
177
5923064.SQ.FTS.B,
Zero
Cpn,
3/21/24
...
1,429
1,341
5923212.SQ.FTS.B,
Zero
Cpn,
3/21/24
...
10,313
9,094
5923853.SQ.FTS.B,
Zero
Cpn,
3/21/24
...
34,589
19,170
5924501.SQ.FTS.B,
Zero
Cpn,
3/21/24
...
2,131
2,101
5925120.SQ.FTS.B,
Zero
Cpn,
3/21/24
...
454
440
5925210.SQ.FTS.B,
Zero
Cpn,
3/21/24
...
1,740
1,472
5925265.SQ.FTS.B,
Zero
Cpn,
3/21/24
...
10,566
9,452
5927086.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
435
419
5927683.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
4,609
830
5928998.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
4,209
3,162
5929037.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
273
268
5929051.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
4,386
4,220
5929252.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
1,784
1,731
5929652.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
4,230
3,859
5929845.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
1,163
1,154
5929950.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
1,459
690
5930784.SQ.FTS.B,
Zero
Cpn,
3/22/24
...
1,043
747
5931912.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
1,768
1,600
5931958.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
2,018
1,935
5932020.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
834
753
5932127.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
1,549
636
5932313.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
672
642
5932495.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
2,589
2,497
5933399.SQ.FTS.B,
Zero
Cpn,
3/23/24
...
1,031
638
5933940.SQ.FTS.B,
Zero
Cpn,
3/24/24
...
2,512
2,455
5933982.SQ.FTS.B,
Zero
Cpn,
3/24/24
...
55
53
5934335.SQ.FTS.B,
Zero
Cpn,
3/24/24
...
1,838
1,790
5934829.SQ.FTS.B,
Zero
Cpn,
3/25/24
...
984
353
5935017.SQ.FTS.B,
Zero
Cpn,
3/25/24
...
2,819
2,710
5935665.SQ.FTS.B,
Zero
Cpn,
3/26/24
...
624
511
5935705.SQ.FTS.B,
Zero
Cpn,
3/26/24
...
2,762
2,001
5936137.SQ.FTS.B,
Zero
Cpn,
3/26/24
...
2,146
2,126
5936987.SQ.FTS.B,
Zero
Cpn,
3/26/24
...
631
213
5936991.SQ.FTS.B,
Zero
Cpn,
3/26/24
...
1,181
1,145
5938180.SQ.FTS.B,
Zero
Cpn,
3/26/24
...
605
435
5939191.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
446
355
5940188.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
839
780
5940194.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
1,550
1,490
5940354.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
70
67
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5940356.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
$
1,439
$
1,346
5940404.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
1,061
930
5940438.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
33
31
5940464.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
1,817
1,473
5940550.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
12,715
12,358
5940897.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
13,574
4,838
5940934.SQ.FTS.B,
Zero
Cpn,
3/27/24
...
735
695
5942921.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
8,408
7,809
5943272.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
252
247
5943394.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
2,276
1,513
5944013.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
1,888
1,564
5944125.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
683
617
5945127.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
1,220
1,156
5945156.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
1,714
1,330
5945212.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
1,191
782
5945223.SQ.FTS.B,
Zero
Cpn,
3/28/24
...
3,625
2,279
5948526.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
450
444
5949190.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
548
469
5950020.SQ.FTS.B,
Zero
Cpn,
3/29/24
...
2,365
960
5952006.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
809
765
5952095.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
313
301
5952204.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
3,680
3,572
5952828.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
1,005
873
5952961.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
7,774
7,575
5953400.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
1,215
823
5953421.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
3,674
3,325
5953482.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
54
53
5953665.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
881
869
5953693.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
1,301
1,256
5953778.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
470
367
5953856.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
570
498
5954220.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
6,167
5,527
5954781.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
719
691
5955033.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
706
638
5955157.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
946
102
5955214.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
1,958
1,916
5955340.SQ.FTS.B,
Zero
Cpn,
3/30/24
...
2,714
1,614
5955564.SQ.FTS.B,
Zero
Cpn,
4/01/24
...
524
353
5955589.SQ.FTS.B,
Zero
Cpn,
4/01/24
...
131
130
5956046.SQ.FTS.B,
Zero
Cpn,
4/01/24
...
1,096
767
5956134.SQ.FTS.B,
Zero
Cpn,
4/01/24
...
9,570
9,364
5957353.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
1,221
1,214
5957989.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
442
438
5958081.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
1,738
660
5958622.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
14,899
12,003
5960150.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
2,473
855
5960313.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
1,495
1,322
5960372.SQ.FTS.B,
Zero
Cpn,
4/03/24
...
487
336
5960485.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
2,327
1,009
5960571.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
746
680
5960706.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
816
556
5960736.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
10,442
5,017
5961497.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
1,434
1,360
5961632.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
10,451
2,179
5961876.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
62
62
5962057.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
1,098
1,090
5962169.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
1,069
1,062
5963053.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
2,073
1,754
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
163
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
5963161.SQ.FTS.B,
Zero
Cpn,
4/04/24
...
$
23,821
$
12,571
5964558.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
2,804
2,756
5965368.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
2,581
2,510
5965520.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
1,966
1,807
5966390.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
3,748
1,450
5966553.SQ.FTS.B,
Zero
Cpn,
4/05/24
...
2,250
2,152
5972056.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
142
142
5973054.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
725
718
5973170.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
733
512
5974212.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
226
225
5974509.SQ.FTS.B,
Zero
Cpn,
4/06/24
...
663
278
5975138.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
5,887
5,576
5975879.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
7,608
7,056
5976497.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
876
863
5976564.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
3,543
3,320
5976781.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
4,094
2,348
5976823.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
8,166
7,492
5977275.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
12,616
7,432
5977584.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
1,551
587
5977605.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
1,871
1,807
5977823.SQ.FTS.B,
Zero
Cpn,
4/07/24
...
855
397
5979050.SQ.FTS.B,
Zero
Cpn,
4/09/24
...
550
325
5980267.SQ.FTS.B,
Zero
Cpn,
4/10/24
...
1,285
1,257
5980756.SQ.FTS.B,
Zero
Cpn,
4/10/24
...
1,109
1,070
5981040.SQ.FTS.B,
Zero
Cpn,
4/10/24
...
2,215
2,105
5981357.SQ.FTS.B,
Zero
Cpn,
4/11/24
...
2,101
1,801
5981434.SQ.FTS.B,
Zero
Cpn,
4/11/24
...
911
684
5981753.SQ.FTS.B,
Zero
Cpn,
4/11/24
...
1,414
934
5984496.SQ.FTS.B,
Zero
Cpn,
4/11/24
...
1,089
402
5984840.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
2,119
2,062
5984960.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
3,223
3,173
5985197.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
2,689
2,197
5985802.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
3,769
1,783
5986301.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
7,291
6,234
5986815.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
550
539
5986961.SQ.FTS.B,
Zero
Cpn,
4/12/24
...
3,576
3,507
5989464.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
30,884
30,116
5991208.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
833
255
5991244.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
139
123
5991306.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
1,478
845
5992010.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
4,839
3,711
5992309.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
1,649
1,593
5992494.SQ.FTS.B,
Zero
Cpn,
4/13/24
...
648
286
5993137.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
6,363
5,106
5993993.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
738
212
5994023.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
9,687
9,066
5994740.SQ.FTS.B,
Zero
Cpn,
4/14/24
...
9,730
9,326
5996333.SQ.FTS.B,
Zero
Cpn,
4/15/24
...
640
612
5996742.SQ.FTS.B,
Zero
Cpn,
4/15/24
...
7,264
6,338
5997061.SQ.FTS.B,
Zero
Cpn,
4/16/24
...
681
571
5997558.SQ.FTS.B,
Zero
Cpn,
4/16/24
...
2,578
953
5998109.SQ.FTS.B,
Zero
Cpn,
4/17/24
...
727
164
5998129.SQ.FTS.B,
Zero
Cpn,
4/17/24
...
2,328
1,152
6000187.SQ.FTS.B,
Zero
Cpn,
4/17/24
...
2,924
2,627
6000281.SQ.FTS.B,
Zero
Cpn,
4/17/24
...
394
382
6000300.SQ.FTS.B,
Zero
Cpn,
4/17/24
...
4,014
1,453
6001870.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
982
867
6001900.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
10,740
9,261
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6002908.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
$
319
$
315
6002949.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
943
198
6002955.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
1,253
1,233
6003476.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
1,735
585
6003509.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
10,607
8,491
6004081.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
623
619
6004502.SQ.FTS.B,
Zero
Cpn,
4/18/24
...
975
968
6004753.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
2,989
2,583
6004839.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
1,117
1,069
6004946.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
959
880
6005201.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
2,149
2,091
6005698.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
211
201
6006455.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
580
550
6006515.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
79
75
6006536.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
822
740
6006563.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
8,550
7,022
6007091.SQ.FTS.B,
Zero
Cpn,
4/19/24
...
6,986
6,742
6009677.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
10,710
10,383
6010252.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
61
61
6010749.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
3,384
2,551
6010900.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
2,282
2,242
6011014.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
1,683
1,414
6011301.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
249
247
6011495.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
1,903
1,857
6012333.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
143
140
6012358.SQ.FTS.B,
Zero
Cpn,
4/20/24
...
3,087
2,082
6012743.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
8,938
5,705
6013364.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
661
607
6013463.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
5,991
3,228
6014061.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
823
510
6015178.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
4,354
3,195
6015282.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
2,465
1,358
6015325.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
2,642
2,624
6015784.SQ.FTS.B,
Zero
Cpn,
4/21/24
...
808
757
6015900.SQ.FTS.B,
Zero
Cpn,
4/22/24
...
889
767
6016181.SQ.FTS.B,
Zero
Cpn,
4/22/24
...
711
678
6016217.SQ.FTS.B,
Zero
Cpn,
4/22/24
...
5,659
5,402
6016359.SQ.FTS.B,
Zero
Cpn,
4/22/24
...
790
765
6016419.SQ.FTS.B,
Zero
Cpn,
4/22/24
...
2,504
1,882
6016649.SQ.FTS.B,
Zero
Cpn,
4/23/24
...
472
169
6016688.SQ.FTS.B,
Zero
Cpn,
4/23/24
...
1,286
1,254
6016723.SQ.FTS.B,
Zero
Cpn,
4/23/24
...
2,659
1,295
6017123.SQ.FTS.B,
Zero
Cpn,
4/23/24
...
401
386
6017146.SQ.FTS.B,
Zero
Cpn,
4/23/24
...
2,184
2,058
6018103.SQ.FTS.B,
Zero
Cpn,
4/24/24
...
4,451
4,232
6021032.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
4,388
4,237
6021296.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
3,469
2,914
6022702.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
1,787
1,632
6023207.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
1,527
1,481
6023648.SQ.FTS.B,
Zero
Cpn,
4/25/24
...
4,376
3,937
6024386.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
375
364
6024496.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
5,106
547
6024650.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
1,830
512
6025052.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
1,399
1,373
6025468.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
24,070
18,015
6026412.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
829
754
6026682.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
8,409
7,379
6026926.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
6,655
5,849
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
164
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6027166.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
$
2,400
$
1,192
6027376.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
454
404
6027397.SQ.FTS.B,
Zero
Cpn,
4/26/24
...
1,691
872
6029479.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
116
115
6029535.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
73
64
6029893.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
2,168
2,145
6031985.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
16,010
15,077
6032387.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
2,072
2,021
6032439.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
1,574
1,022
6032490.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
329
320
6032569.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
3,389
3,282
6032873.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
1,869
1,810
6032908.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
3,967
3,706
6033057.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
2,363
2,102
6033105.SQ.FTS.B,
Zero
Cpn,
4/27/24
...
2,132
1,378
6035055.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
159
155
6035360.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
1,397
886
6035964.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
928
908
6036390.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
356
321
6036425.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
1,201
1,185
6036878.SQ.FTS.B,
Zero
Cpn,
4/28/24
...
3,046
2,883
6037075.SQ.FTS.B,
Zero
Cpn,
4/29/24
...
3,015
1,509
6037190.SQ.FTS.B,
Zero
Cpn,
4/29/24
...
2,107
1,918
6037289.SQ.FTS.B,
Zero
Cpn,
4/29/24
...
5,897
5,397
6037488.SQ.FTS.B,
Zero
Cpn,
4/29/24
...
8,317
8,055
6038060.SQ.FTS.B,
Zero
Cpn,
4/30/24
...
4,686
4,524
6041623.SQ.FTS.B,
Zero
Cpn,
4/30/24
...
221
198
6041731.SQ.FTS.B,
Zero
Cpn,
4/30/24
...
447
211
6041859.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
3,997
3,933
6042050.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
1,871
1,751
6042134.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
5,945
2,673
6042294.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
6,993
6,663
6042763.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
3,196
1,740
6043316.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
2,549
2,463
6043509.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
9,273
6,447
6044830.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
14,902
14,363
6045560.SQ.FTS.B,
Zero
Cpn,
5/01/24
...
1,028
904
6046245.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
147
147
6046353.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
3,948
3,884
6046589.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
160
153
6046607.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
3,943
3,830
6046857.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
2,614
2,440
6046953.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
451
441
6046999.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
10,767
8,573
6047302.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
29,379
14,205
6047637.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
629
520
6047649.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
79
78
6047712.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
20,812
8,632
6048232.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
2,302
2,107
6048521.SQ.FTS.B,
Zero
Cpn,
5/02/24
...
681
529
6050967.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
721
352
6050979.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
2,184
1,153
6051033.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
1,519
1,429
6051105.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
7,313
6,966
6051734.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
7,797
4,367
6051892.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
1,294
1,268
6051960.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
3,437
3,354
6052464.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
707
646
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6053401.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
$
987
$
902
6054000.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
3,298
2,446
6054248.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
6,129
6,033
6054544.SQ.FTS.B,
Zero
Cpn,
5/03/24
...
1,467
1,434
6054794.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
3,672
1,210
6057474.SQ.FTS.B,
Zero
Cpn,
5/04/24
...
17,968
15,183
6058991.SQ.FTS.B,
Zero
Cpn,
5/05/24
...
1,564
796
6059217.SQ.FTS.B,
Zero
Cpn,
5/06/24
...
984
943
6059362.SQ.FTS.B,
Zero
Cpn,
5/06/24
...
11,155
10,796
6059778.SQ.FTS.B,
Zero
Cpn,
5/06/24
...
4,660
4,564
6062202.SQ.FTS.B,
Zero
Cpn,
5/07/24
...
6,555
4,908
6062368.SQ.FTS.B,
Zero
Cpn,
5/07/24
...
947
940
6064296.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
2,068
2,003
6064347.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
8,913
3,535
6064456.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
5,941
5,803
6064664.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
4,137
3,741
6064713.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
22,435
22,080
6066355.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
11,444
10,908
6066747.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
4,044
3,531
6066853.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
3,428
2,912
6067027.SQ.FTS.B,
Zero
Cpn,
5/08/24
...
493
487
6105997.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
1,712
1,685
6106087.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
3,163
3,086
6106338.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
319
316
6106439.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
5,088
4,946
6106744.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
6,705
5,638
6107025.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
987
969
6107095.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
8,125
7,278
6108715.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
675
333
6120742.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
1,563
1,500
6120841.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
1,180
1,168
6120922.SQ.FTS.B,
Zero
Cpn,
5/09/24
...
1,391
1,379
6121234.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
1,318
1,192
6121297.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
5,785
5,685
6122738.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
378
366
6122783.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
4,246
4,142
6123389.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
1,815
1,765
6123536.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
834
801
6123772.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
4,168
2,585
6123893.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
3,994
3,867
6124069.SQ.FTS.B,
Zero
Cpn,
5/10/24
...
1,511
1,461
6125059.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
7,367
6,456
6125355.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
9,231
8,846
6125833.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
3,158
1,790
6125912.SQ.FTS.B,
Zero
Cpn,
5/11/24
...
5,621
5,544
6126214.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
7,722
7,498
6126394.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
285
280
6126498.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
1,036
237
6126544.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
653
107
6126569.SQ.FTS.B,
Zero
Cpn,
5/12/24
...
1,004
995
6127068.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
550
545
6127126.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
3,260
3,165
6127224.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
4,057
3,965
6127346.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
4,634
2,988
6127399.SQ.FTS.B,
Zero
Cpn,
5/13/24
...
1,725
1,573
6131404.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
2,657
2,266
6131530.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
195
188
6131568.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
6,755
6,451
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
165
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6132148.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
$
2,109
$
1,770
6133072.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
2,785
2,553
6133695.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
25,138
18,017
6134565.SQ.FTS.B,
Zero
Cpn,
5/15/24
...
550
529
6135095.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
749
623
6135119.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
2,014
1,870
6135242.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
621
533
6135342.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
1,877
1,423
6135498.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
3,054
2,986
6135916.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
9,072
8,711
6136354.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
7,001
5,305
6136825.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
2,601
2,332
6136867.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
2,510
2,453
6137060.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
1,055
983
6137116.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
7,132
7,003
6137449.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
1,262
1,067
6137514.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
4,083
3,866
6137596.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
5,153
3,360
6137613.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
664
556
6137646.SQ.FTS.B,
Zero
Cpn,
5/16/24
...
1,515
1,305
6139569.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
1,732
1,680
6139609.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
4,222
3,514
6139658.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
13,046
12,162
6139911.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
4,155
4,123
6140292.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
6,240
4,020
6140493.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
567
242
6140505.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
3,963
2,277
6140691.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
8,648
5,203
6141081.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
1,745
707
6141438.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
8,844
8,579
6141742.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
5,667
5,369
6141988.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
6,560
6,420
6142325.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
6,240
6,064
6142559.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
951
911
6142613.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
4,249
4,043
6142889.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
2,569
1,643
6142953.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
1,628
1,442
6143043.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
1,335
1,316
6143114.SQ.FTS.B,
Zero
Cpn,
5/17/24
...
2,135
971
6143378.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
1,188
1,162
6143863.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
991
835
6144779.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
1,073
1,045
6144950.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
2,336
2,279
6145136.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
1,737
1,674
6145243.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
2,990
2,752
6145349.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
1,243
1,213
6145417.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
771
721
6145487.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
568
547
6145506.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
990
966
6145923.SQ.FTS.B,
Zero
Cpn,
5/18/24
...
967
102
6146705.SQ.FTS.B,
Zero
Cpn,
5/19/24
...
1,494
1,447
6146781.SQ.FTS.B,
Zero
Cpn,
5/19/24
...
3,002
2,532
6147508.SQ.FTS.B,
Zero
Cpn,
5/19/24
...
317
312
6147562.SQ.FTS.B,
Zero
Cpn,
5/20/24
...
208
190
6147610.SQ.FTS.B,
Zero
Cpn,
5/20/24
...
47
41
6147666.SQ.FTS.B,
Zero
Cpn,
5/20/24
...
837
778
6147769.SQ.FTS.B,
Zero
Cpn,
5/20/24
...
866
705
6147889.SQ.FTS.B,
Zero
Cpn,
5/20/24
...
506
403
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6147932.SQ.FTS.B,
Zero
Cpn,
5/20/24
...
$
2,798
$
2,624
6148020.SQ.FTS.B,
Zero
Cpn,
5/20/24
...
3,680
3,632
6148851.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
1,184
1,172
6149126.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
2,479
2,368
6149340.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
2,516
2,442
6149522.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
684
595
6149563.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
2,619
2,423
6149788.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
274
265
6149864.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
2,522
2,461
6149973.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
626
541
6149996.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
21,443
19,748
6151038.SQ.FTS.B,
Zero
Cpn,
5/21/24
...
14,678
14,355
6152853.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
56,251
31,288
6153525.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
894
836
6153797.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
451
413
6153807.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
519
471
6155515.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
1,240
1,188
6155621.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
252
249
6155640.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
607
587
6155661.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
7,693
5,413
6155775.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
1,153
1,002
6155798.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
1,867
1,852
6155934.SQ.FTS.B,
Zero
Cpn,
5/22/24
...
3,721
3,435
6157524.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
2,596
2,094
6157811.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
4,245
4,121
6158154.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
1,859
1,779
6158257.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
72
71
6158326.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
1,645
1,600
6158396.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
1,393
1,298
6158519.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
1,035
930
6158554.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
632
426
6158569.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
1,274
1,241
6158930.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
34
33
6159043.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
4,602
3,070
6159575.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
303
254
6159588.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
2,464
2,347
6159637.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
1,278
1,272
6160305.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
8,717
8,275
6160613.SQ.FTS.B,
Zero
Cpn,
5/23/24
...
18,169
14,648
6160822.SQ.FTS.B,
Zero
Cpn,
5/24/24
...
1,087
1,078
6160881.SQ.FTS.B,
Zero
Cpn,
5/24/24
...
6,205
5,668
6160980.SQ.FTS.B,
Zero
Cpn,
5/24/24
...
41
41
6161027.SQ.FTS.B,
Zero
Cpn,
5/24/24
...
1,344
458
6161342.SQ.FTS.B,
Zero
Cpn,
5/24/24
...
2,961
2,621
6161356.SQ.FTS.B,
Zero
Cpn,
5/24/24
...
17,173
16,773
6163054.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
7,614
5,648
6163213.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
5,720
4,069
6163350.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
3,724
3,642
6164447.SQ.FTS.B,
Zero
Cpn,
5/25/24
...
4,608
4,522
6165019.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
1,789
1,744
6165071.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
1,388
1,321
6165147.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
2,572
2,470
6165215.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
729
511
6165228.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
12,966
11,907
6165447.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
286
265
6165450.SQ.FTS.B,
Zero
Cpn,
5/26/24
...
1,634
1,092
6165760.SQ.FTS.B,
Zero
Cpn,
5/27/24
...
3,499
2,211
6165832.SQ.FTS.B,
Zero
Cpn,
5/27/24
...
1,238
876
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
166
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6165900.SQ.FTS.B,
Zero
Cpn,
5/27/24
...
$
6,332
$
5,886
6165990.SQ.FTS.B,
Zero
Cpn,
5/27/24
...
10,824
10,469
6168543.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
2,067
1,834
6168599.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
3,884
3,777
6168884.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
9,899
8,706
6169606.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
910
869
6169646.SQ.FTS.B,
Zero
Cpn,
5/28/24
...
1,188
1,164
6170395.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,488
1,460
6170600.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
605
597
6170894.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
587
580
6170941.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,257
1,148
6171183.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
935
923
6171468.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
1,709
1,574
6171537.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
2,241
2,204
6171800.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
287
119
6171815.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
12,011
11,634
6172710.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
625
493
6172734.SQ.FTS.B,
Zero
Cpn,
5/29/24
...
2,473
2,421
6173402.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
358
290
6173422.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
2,951
2,867
6173477.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
13,284
12,978
6175030.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
3,898
3,843
6175385.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
729
697
6175658.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
13,300
6,458
6175863.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
2,538
2,308
6175977.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
2,141
1,743
6176107.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
3,018
2,331
6176274.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
2,739
2,626
6176377.SQ.FTS.B,
Zero
Cpn,
5/30/24
...
1,247
1,212
6178379.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
2,317
2,220
6178528.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
3,941
3,362
6178624.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
608
517
6178719.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
1,683
1,536
6178835.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
1,312
558
6179563.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
1,926
1,403
6179637.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
2,268
1,606
6179718.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
3,305
3,273
6180648.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
1,214
1,186
6180719.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
5,916
5,814
6181142.SQ.FTS.B,
Zero
Cpn,
6/01/24
...
480
473
6181983.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
4,828
4,342
6182754.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
3,775
3,532
6183008.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
2,473
1,078
6183074.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
1,883
1,327
6183190.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
4,955
4,357
6183434.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
2,434
1,435
6183812.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
1,609
1,546
6184136.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
790
567
6184974.SQ.FTS.B,
Zero
Cpn,
6/02/24
...
31,844
30,989
6185726.SQ.FTS.B,
Zero
Cpn,
6/03/24
...
2,968
2,914
6186393.SQ.FTS.B,
Zero
Cpn,
6/03/24
...
1,883
1,860
6186719.SQ.FTS.B,
Zero
Cpn,
6/04/24
...
1,601
1,456
6186778.SQ.FTS.B,
Zero
Cpn,
6/04/24
...
1,254
1,142
6186965.SQ.FTS.B,
Zero
Cpn,
6/04/24
...
1,988
1,943
6187304.SQ.FTS.B,
Zero
Cpn,
6/04/24
...
5,218
5,178
6188963.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
4,224
4,122
6189267.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
759
727
6189324.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
2,153
2,111
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6189533.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
$
366
$
131
6189573.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
2,851
2,812
6189975.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
295
279
6190001.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
6,738
6,607
6190373.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
7,277
6,961
6191068.SQ.FTS.B,
Zero
Cpn,
6/05/24
...
2,772
2,514
6191955.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
4,906
4,042
6192461.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
1,353
835
6192486.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
3,185
1,347
6192662.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
9,650
8,887
6193258.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
24,199
20,506
6193931.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
897
773
6193947.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
2,941
2,835
6194591.SQ.FTS.B,
Zero
Cpn,
6/06/24
...
19,669
19,150
6195072.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
2,013
1,982
6196223.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
814
775
6196338.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
382
328
6196348.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
4,759
4,673
6196687.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
730
705
6196843.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
3,902
3,325
6199992.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
2,165
2,126
6200162.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
4,108
3,982
6200308.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
4,150
4,043
6200433.SQ.FTS.B,
Zero
Cpn,
6/07/24
...
3,693
3,642
6203222.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
1,961
1,927
6203240.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
14,059
13,808
6204285.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
1,430
1,305
6204554.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
1,514
1,470
6204651.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
1,188
979
6205231.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
444
439
6205648.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
1,955
1,886
6205930.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
505
493
6205978.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
1,552
1,229
6206056.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
4,687
4,544
6206222.SQ.FTS.B,
Zero
Cpn,
6/08/24
...
11,784
10,753
6206440.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
3,597
3,457
6206594.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
3,634
3,178
6206656.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
3,595
1,796
6206769.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
1,116
1,065
6206801.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
63,620
48,121
6208776.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
3,546
3,402
6209203.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
1,682
1,643
6209658.SQ.FTS.B,
Zero
Cpn,
6/09/24
...
4,389
4,047
6209707.SQ.FTS.B,
Zero
Cpn,
6/10/24
...
1,477
1,185
6210528.SQ.FTS.B,
Zero
Cpn,
6/11/24
...
10,451
3,931
6210857.SQ.FTS.B,
Zero
Cpn,
6/11/24
...
3,816
3,286
6211801.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
5,819
5,578
6212398.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
3,004
2,949
6212695.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
3,548
3,474
6213027.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
6,939
6,735
6214190.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
899
338
6214666.SQ.FTS.B,
Zero
Cpn,
6/12/24
...
6,867
5,394
6215094.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
1,142
1,116
6215189.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
934
864
6215457.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
570
514
6215547.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
1,919
1,868
6215661.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
4,958
4,273
6215908.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
828
496
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
167
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6215985.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
$
1,803
$
1,140
6216036.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
693
677
6216275.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
751
733
6216296.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
8,833
8,754
6217087.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
353
339
6217106.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
565
503
6217160.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
3,971
3,828
6217266.SQ.FTS.B,
Zero
Cpn,
6/13/24
...
23,215
22,518
6218467.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
2,512
2,429
6218756.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
375
362
6218913.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
6,323
5,540
6219195.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
64
59
6219740.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
3,213
3,134
6219955.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
1,238
1,124
6220236.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
733
334
6220286.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
2,040
1,994
6220519.SQ.FTS.B,
Zero
Cpn,
6/14/24
...
60,120
42,477
6223659.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
7,221
6,688
6224359.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
3,362
3,333
6224796.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
3,292
3,178
6225953.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
1,533
1,214
6226015.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
3,446
3,212
6226130.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
313
308
6226143.SQ.FTS.B,
Zero
Cpn,
6/15/24
...
23,414
22,693
6227140.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
7,678
6,754
6227492.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
425
417
6227515.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
2,784
2,667
6227831.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
4,381
4,244
6228013.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
716
230
6228038.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
1,803
1,755
6228393.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
11,693
11,223
6229018.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
2,503
2,413
6229112.SQ.FTS.B,
Zero
Cpn,
6/16/24
...
37,375
32,594
6234969.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
8,090
7,853
6235216.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
669
651
6235450.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
783
400
6235468.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
2,236
1,135
6235643.SQ.FTS.B,
Zero
Cpn,
6/17/24
...
322
306
6236092.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
888
795
6236243.SQ.FTS.B,
Zero
Cpn,
6/18/24
...
19,314
18,781
6237959.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
8,053
7,766
6238487.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
1,822
1,617
6238854.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
1,681
1,630
6239258.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
1,365
286
6239301.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
1,510
1,473
6239513.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
1,289
1,267
6239599.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
3,305
1,696
6239670.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
2,618
2,574
6239788.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
2,392
2,295
6239950.SQ.FTS.B,
Zero
Cpn,
6/19/24
...
19,283
17,804
6240214.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
13,722
12,989
6240807.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
5,938
4,962
6240883.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
1,134
1,110
6240952.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
3,922
3,770
6241104.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
5,831
5,731
6241967.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
12,571
12,310
6242589.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
3,359
3,229
6242859.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
457
451
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6242973.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
$
2,915
$
2,814
6243387.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
1,011
970
6243419.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
7,558
5,520
6243621.SQ.FTS.B,
Zero
Cpn,
6/20/24
...
3,626
3,578
6244026.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
28,119
26,300
6244954.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
11,652
9,943
6245261.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
4,826
4,369
6245477.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
4,270
3,820
6245598.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
2,390
2,261
6245669.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
275
262
6245712.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
10,523
5,615
6245904.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
2,082
1,916
6245944.SQ.FTS.B,
Zero
Cpn,
6/21/24
...
11,393
10,971
6248918.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
5,168
5,029
6249559.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
54
53
6249593.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
1,386
1,316
6249978.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
630
590
6250011.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
3,934
3,662
6250214.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
7,031
6,870
6250485.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
8,982
8,733
6250843.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
28,678
24,457
6251624.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
9,944
7,988
6251900.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
1,731
1,497
6251966.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
2,181
1,600
6252015.SQ.FTS.B,
Zero
Cpn,
6/22/24
...
3,922
3,793
6252207.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
5,508
5,469
6253083.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
3,089
2,974
6253172.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
7,141
6,856
6253444.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
28,262
27,136
6254269.SQ.FTS.B,
Zero
Cpn,
6/23/24
...
32,014
30,777
6255006.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
1,466
1,443
6255121.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
371
340
6255128.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
2,139
2,051
6255199.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
622
604
6255252.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
3,696
2,784
6255384.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
2,956
1,308
6255441.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
6,234
5,966
6255575.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
759
738
6255606.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
818
483
6255621.SQ.FTS.B,
Zero
Cpn,
6/24/24
...
7,881
6,343
6255949.SQ.FTS.B,
Zero
Cpn,
6/25/24
...
1,359
1,349
6256064.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
14,305
12,895
6256371.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
1,878
1,867
6256506.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
1,417
1,360
6256775.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
653
643
6256913.SQ.FTS.B,
Zero
Cpn,
6/26/24
...
29,788
23,231
6258212.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
5,703
5,458
6258329.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
11,782
5,689
6258547.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
6,260
3,846
6258668.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
2,440
2,274
6258783.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
12,100
9,004
6259677.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
8,124
7,921
6259903.SQ.FTS.B,
Zero
Cpn,
6/27/24
...
3,963
3,828
6260138.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
27,291
26,778
6261098.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
10,711
9,938
6261384.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
10,122
9,453
6261595.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
26,584
23,835
6261928.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
12,547
11,184
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
168
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6262209.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
$
17,305
$
13,831
6262430.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
664
626
6262438.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
2,919
2,835
6262504.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
321
318
6262556.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
1,954
1,843
6262614.SQ.FTS.B,
Zero
Cpn,
6/28/24
...
1,149
673
6265085.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
5,455
5,317
6265195.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
1,028
857
6265249.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
34,188
32,583
6267222.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
4,235
3,652
6268041.SQ.FTS.B,
Zero
Cpn,
6/29/24
...
3,424
3,110
6268135.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,085
1,072
6268204.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
584
514
6268234.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,387
1,213
6268757.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
18,780
17,594
6269491.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
14,011
13,654
6270176.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,156
1,061
6270248.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,255
1,225
6270416.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
21,118
10,772
6270813.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,115
598
6270828.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,752
1,712
6270871.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
561
533
6270889.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
2,137
1,445
6271153.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,647
1,344
6271180.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
1,201
1,153
6271241.SQ.FTS.B,
Zero
Cpn,
6/30/24
...
10,721
8,025
6271425.SQ.FTS.B,
Zero
Cpn,
7/01/24
...
1,223
499
6271434.SQ.FTS.B,
Zero
Cpn,
7/01/24
...
24,951
16,752
6271779.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
2,221
1,734
6271834.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
5,550
5,317
6271932.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
1,393
1,371
6272258.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
3,935
3,698
6272324.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
3,447
3,389
6272419.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
2,365
1,627
6272451.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
6,933
6,631
6272707.SQ.FTS.B,
Zero
Cpn,
7/02/24
...
4,082
3,869
6273102.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
1,452
1,285
6273246.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
7,485
7,181
6273649.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
5,679
5,322
6273862.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
4,286
4,017
6274028.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
9,321
7,563
6274200.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
24,318
23,303
6274889.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
35,875
28,710
6275552.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
8,583
4,624
6275681.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
2,616
2,519
6275762.SQ.FTS.B,
Zero
Cpn,
7/03/24
...
7,926
7,711
6275869.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
15,000
12,026
6276300.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
9,933
9,215
6276778.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
1,095
1,060
6277264.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
6,918
6,727
6277479.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
3,964
3,333
6277571.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
2,375
2,335
6277812.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
3,318
3,070
6277888.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
7,959
7,842
6278505.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
992
524
6278515.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
4,091
3,192
6278645.SQ.FTS.B,
Zero
Cpn,
7/04/24
...
10,556
10,322
6279875.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
1,081
1,035
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6279910.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
$
6,682
$
6,282
6280076.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
3,875
3,725
6280192.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
1,577
1,533
6280223.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
6,604
6,358
6280355.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
891
337
6280363.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
437
393
6280414.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
8,277
8,127
6281173.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
1,903
1,837
6281238.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
245
227
6281265.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
4,514
4,363
6281975.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
3,685
3,577
6282753.SQ.FTS.B,
Zero
Cpn,
7/05/24
...
14,799
10,893
6282814.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
10,267
9,917
6283040.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
23,858
23,310
6284147.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
8,476
7,667
6284315.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
2,611
2,563
6284406.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
6,736
6,532
6285099.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
2,416
2,363
6285204.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
948
703
6285299.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
3,831
3,621
6285352.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
401
383
6285398.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
1,386
1,354
6285446.SQ.FTS.B,
Zero
Cpn,
7/06/24
...
46,168
30,947
6285849.SQ.FTS.B,
Zero
Cpn,
7/07/24
...
2,062
1,979
6285882.SQ.FTS.B,
Zero
Cpn,
7/07/24
...
3,875
3,531
6286070.SQ.FTS.B,
Zero
Cpn,
7/07/24
...
4,621
4,378
6286231.SQ.FTS.B,
Zero
Cpn,
7/07/24
...
2,892
2,779
6286304.SQ.FTS.B,
Zero
Cpn,
7/08/24
...
1,573
1,548
6286443.SQ.FTS.B,
Zero
Cpn,
7/08/24
...
2,947
2,913
6287069.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
268
265
6287418.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
126
123
6287452.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
2,677
2,590
6287612.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
2,051
2,014
6287671.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
3,092
2,693
6287743.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
2,421
1,553
6287903.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
9,020
8,529
6288286.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
4,199
4,152
6288827.SQ.FTS.B,
Zero
Cpn,
7/09/24
...
5,741
5,617
6289503.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
5,509
5,297
6289898.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
5,493
4,478
6289942.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
554
429
6289960.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
1,879
1,660
6290067.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
3,250
3,162
6290183.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
7,512
7,138
6290710.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
5,082
4,982
6290894.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
2,843
2,663
6290953.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
1,146
1,127
6290999.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
886
668
6291016.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
10,238
8,503
6291185.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
2,231
2,145
6291213.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
4,917
4,751
6291479.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
7,724
7,562
6291840.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
2,053
1,981
6292116.SQ.FTS.B,
Zero
Cpn,
7/10/24
...
3,769
3,646
6292293.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
570
547
6292670.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
786
739
6292886.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
4,028
3,942
6293487.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
1,229
1,092
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
169
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6293505.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
$
2,406
$
2,371
6293586.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
5,070
4,943
6294116.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
2,397
2,152
6294570.SQ.FTS.B,
Zero
Cpn,
7/11/24
...
9,314
9,057
6297788.SQ.FTS.B,
Zero
Cpn,
7/12/24
...
1,080
1,035
6297902.SQ.FTS.B,
Zero
Cpn,
7/12/24
...
5,240
5,154
6298187.SQ.FTS.B,
Zero
Cpn,
7/12/24
...
43,989
40,776
6299973.SQ.FTS.B,
Zero
Cpn,
7/12/24
...
15,701
14,855
6300619.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
656
634
6300703.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
4,068
3,961
6300894.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
5,532
5,074
6301197.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
4,760
4,611
6301350.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
5,473
5,036
6301579.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
568
559
6301633.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
7,643
7,198
6302101.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
1,899
1,806
6302302.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
11,998
11,399
6302922.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
1,023
932
6302942.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
2,396
2,292
6303079.SQ.FTS.B,
Zero
Cpn,
7/13/24
...
359
355
6303284.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
6,455
6,322
6303414.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
7,458
6,887
6303880.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
1,039
868
6303893.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
7,544
7,373
6304026.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
8,107
7,281
6304081.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
11,172
10,732
6304259.SQ.FTS.B,
Zero
Cpn,
7/14/24
...
6,053
5,902
6304790.SQ.FTS.B,
Zero
Cpn,
7/15/24
...
8,101
7,330
6304935.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
2,311
2,057
6305047.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
8,212
7,931
6305454.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
656
478
6305494.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
8,909
8,454
6305632.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
3,411
3,231
6305727.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
4,489
4,355
6305815.SQ.FTS.B,
Zero
Cpn,
7/16/24
...
1,023
1,012
6306271.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
2,661
2,616
6306503.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
7,756
7,365
6306736.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
4,571
4,108
6306882.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
3,992
3,843
6307012.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
1,021
987
6307105.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
871
839
6307140.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
10,892
10,468
6307741.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
3,117
2,929
6308066.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
3,756
3,651
6308170.SQ.FTS.B,
Zero
Cpn,
7/17/24
...
8,786
8,427
6308510.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
5,413
5,246
6308644.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
2,791
2,628
6308685.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
770
579
6308692.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
949
898
6308758.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
5,545
5,365
6309000.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
1,079
936
6309173.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
8,640
8,484
6309652.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
2,939
2,815
6309748.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
2,536
2,490
6310025.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
17,729
13,504
6310399.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
5,224
5,126
6310747.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
2,338
2,284
6310851.SQ.FTS.B,
Zero
Cpn,
7/18/24
...
32,201
30,931
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6313371.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
$
6,651
$
6,509
6314871.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
2,979
2,583
6314925.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
1,794
1,765
6314983.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
1,290
1,137
6316102.SQ.FTS.B,
Zero
Cpn,
7/19/24
...
46,689
45,578
6316201.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
2,694
2,538
6316373.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
4,790
4,316
6316509.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
1,914
1,850
6316774.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
3,890
3,786
6317004.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
2,117
2,030
6317632.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
285
272
6317724.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
36,972
30,817
6318747.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
119
117
6318793.SQ.FTS.B,
Zero
Cpn,
7/20/24
...
16,218
15,913
6318980.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
6,962
5,011
6319166.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
196
192
6319195.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
714
708
6319223.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
3,318
3,229
6319317.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
98
94
6319360.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
9,072
7,998
6319497.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
703
655
6319512.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
2,188
2,163
6319563.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
4,066
3,939
6319891.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
1,096
1,057
6319954.SQ.FTS.B,
Zero
Cpn,
7/21/24
...
3,585
3,447
6320163.SQ.FTS.B,
Zero
Cpn,
7/22/24
...
3,255
3,184
6320273.SQ.FTS.B,
Zero
Cpn,
7/22/24
...
37,755
31,460
6321089.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
2,083
2,021
6321367.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
738
614
6321428.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
2,174
2,095
6321567.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
990
707
6321614.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
2,727
1,916
6321698.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
2,223
1,925
6321779.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
10,631
10,297
6337151.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
14,175
13,884
6351297.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
9,130
8,845
6351534.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
622
600
6351712.SQ.FTS.B,
Zero
Cpn,
7/23/24
...
3,525
3,087
6351873.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
2,084
1,353
6352872.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
3,845
3,575
6352961.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
4,741
4,667
6353228.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
1,760
1,560
6353271.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
1,733
1,693
6353341.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
6,090
5,914
6353478.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
1,730
1,689
6353561.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
1,545
1,500
6353611.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
415
401
6353658.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
18,976
18,443
6354356.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
11,745
11,513
6354801.SQ.FTS.B,
Zero
Cpn,
7/24/24
...
314
287
6354872.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
45,477
43,103
6356189.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
3,679
3,632
6356355.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
1,192
1,127
6356496.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
42,072
26,975
6357359.SQ.FTS.B,
Zero
Cpn,
7/25/24
...
23,308
21,472
6359440.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
4,763
4,411
6359508.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
1,485
1,385
6359554.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
3,207
3,178
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
170
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6359866.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
$
2,861
$
2,761
6360303.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
1,907
1,716
6360447.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
6,217
6,038
6360854.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
3,570
3,451
6360973.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
2,748
2,667
6361029.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
4,227
4,093
6361123.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
1,395
1,373
6361192.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
591
561
6361267.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
6,614
5,930
6361527.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
15,348
15,010
6362265.SQ.FTS.B,
Zero
Cpn,
7/26/24
...
4,027
3,943
6362717.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
1,298
1,195
6362880.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
3,879
3,764
6363039.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
1,579
1,450
6363174.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
2,814
2,277
6363271.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
1,516
1,421
6363347.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
2,456
2,254
6363474.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
951
921
6364073.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
3,916
3,803
6364228.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
12,950
11,396
6364604.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
1,324
845
6364659.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
3,363
3,298
6364811.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
9,656
9,363
6365121.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
3,540
3,361
6365199.SQ.FTS.B,
Zero
Cpn,
7/27/24
...
5,999
5,926
6365762.SQ.FTS.B,
Zero
Cpn,
7/28/24
...
10,292
8,891
6365925.SQ.FTS.B,
Zero
Cpn,
7/28/24
...
1,466
1,318
6365959.SQ.FTS.B,
Zero
Cpn,
7/28/24
...
16,586
16,047
6366283.SQ.FTS.B,
Zero
Cpn,
7/28/24
...
2,758
2,656
6366407.SQ.FTS.B,
Zero
Cpn,
7/28/24
...
569
555
6366415.SQ.FTS.B,
Zero
Cpn,
7/28/24
...
2,036
1,947
6366473.SQ.FTS.B,
Zero
Cpn,
7/29/24
...
500
467
6366494.SQ.FTS.B,
Zero
Cpn,
7/29/24
...
1,138
700
6366837.SQ.FTS.B,
Zero
Cpn,
7/29/24
...
2,207
2,075
6366907.SQ.FTS.B,
Zero
Cpn,
7/29/24
...
8,813
8,458
6367412.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
7,126
6,119
6368225.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
1,296
1,282
6368445.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
10,711
8,730
6368774.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
1,979
1,572
6369144.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
13,265
10,910
6369509.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
682
671
6369541.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
28,277
27,440
6370524.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
1,651
1,568
6370642.SQ.FTS.B,
Zero
Cpn,
7/30/24
...
2,747
2,056
6370971.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
12,303
11,538
6371832.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
2,087
1,276
6371887.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
1,943
1,837
6371945.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
4,093
4,064
6372391.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
7,375
7,210
6372613.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
1,101
430
6372628.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
1,238
1,196
6372686.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
620
455
6372782.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
11,932
10,990
6373076.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
16,750
16,319
6373887.SQ.FTS.B,
Zero
Cpn,
7/31/24
...
1,733
1,702
6373927.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
6,345
6,110
6374231.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
19,226
18,438
6375029.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
12,601
11,661
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6375322.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
$
250
$
239
6375363.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
1,250
1,214
6375413.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
1,647
1,606
6375495.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
4,932
4,859
6375700.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
1,252
1,164
6375751.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
5,076
4,961
6375868.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
1,103
1,070
6375958.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
1,802
1,779
6376030.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
7,966
7,742
6376244.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
9,115
8,667
6376503.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
882
834
6376535.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
1,714
1,616
6376571.SQ.FTS.B,
Zero
Cpn,
8/01/24
...
14,306
13,745
6378771.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
1,938
1,752
6378865.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
783
672
6378899.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
4,044
3,961
6379121.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
612
119
6379229.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
5,701
5,170
6379628.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
3,986
3,929
6379978.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
293
272
6380003.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
861
835
6380099.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
2,910
2,854
6380294.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
13,753
13,269
6380706.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
1,919
1,708
6380733.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
18,304
16,804
6381574.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
7,151
6,882
6381983.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
2,338
2,205
6382018.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
1,795
1,520
6382089.SQ.FTS.B,
Zero
Cpn,
8/02/24
...
937
803
6382155.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
16,360
16,076
6383346.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
2,994
2,953
6383753.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
4,045
3,472
6383905.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
3,549
3,234
6384067.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
3,774
3,223
6384214.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
2,949
2,872
6384351.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
2,094
2,035
6384431.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
6,697
6,505
6384661.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
2,972
2,889
6384698.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
2,874
2,823
6384784.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
2,275
1,980
6384794.SQ.FTS.B,
Zero
Cpn,
8/03/24
...
23,190
22,349
6385241.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
744
724
6385267.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
21,968
20,893
6385781.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
1,211
963
6385816.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
2,322
2,241
6385874.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
2,362
2,150
6385910.SQ.FTS.B,
Zero
Cpn,
8/04/24
...
398
379
6386019.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
976
945
6386057.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
2,419
1,515
6386141.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
1,035
985
6386176.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
8,638
8,549
6386551.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
3,868
3,717
6386618.SQ.FTS.B,
Zero
Cpn,
8/05/24
...
7,560
7,351
6387546.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
2,952
2,900
6387732.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
6,594
6,266
6387899.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
15,736
11,652
6388197.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
1,374
1,309
6388263.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
373
342
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
171
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6388271.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
$
1,870
$
1,845
6388384.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
1,421
1,304
6388688.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
1,455
1,378
6388737.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
943
575
6388754.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
7,384
6,409
6389131.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
23,754
21,023
6389776.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
6,116
5,903
6390029.SQ.FTS.B,
Zero
Cpn,
8/06/24
...
4,562
4,334
6390359.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
1,722
1,297
6390383.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
388
378
6390392.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
1,007
977
6390434.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
1,479
1,294
6390695.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
1,456
513
6390759.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
1,633
1,595
6391116.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
7,474
6,767
6391346.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
3,297
3,134
6391495.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
2,324
2,243
6391729.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
257
236
6392017.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
935
923
6392070.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
14,337
13,606
6392679.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
1,013
998
6392696.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
1,327
1,265
6392800.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
2,957
2,812
6392868.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
1,903
1,875
6392939.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
5,744
4,130
6393010.SQ.FTS.B,
Zero
Cpn,
8/07/24
...
31,725
30,956
6393249.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
2,319
2,236
6393310.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
18,762
18,013
6394010.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
2,595
2,537
6394218.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
1,561
1,494
6394292.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
2,590
2,483
6394362.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
12,972
12,782
6395061.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
2,822
2,700
6395130.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
5,041
4,661
6395218.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
9,226
7,234
6395377.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
3,801
3,628
6395461.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
4,084
3,941
6395644.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
2,826
2,729
6395714.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
2,776
2,688
6395807.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
1,008
967
6395818.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
912
904
6395874.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
4,305
4,149
6395993.SQ.FTS.B,
Zero
Cpn,
8/08/24
...
15,096
12,759
6399343.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
4,267
3,913
6399659.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
35,860
26,285
6400542.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
5,952
5,857
6400774.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
11,724
10,916
6400953.SQ.FTS.B,
Zero
Cpn,
8/09/24
...
60,605
57,813
6401073.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
4,230
3,885
6401235.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
805
774
6401266.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
2,759
2,673
6401601.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
24,528
22,152
6402494.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
2,119
2,096
6402739.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
11,562
10,849
6403209.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
5,063
4,910
6403299.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
1,068
1,044
6403584.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
7,124
6,861
6403837.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
1,020
871
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6403874.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
$
421
$
408
6403920.SQ.FTS.B,
Zero
Cpn,
8/10/24
...
1,030
877
6404006.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
3,476
2,810
6404095.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
11,446
11,025
6404324.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
8,574
5,726
6404450.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
5,242
5,072
6404631.SQ.FTS.B,
Zero
Cpn,
8/11/24
...
1,662
1,581
6404722.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
139
135
6404727.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
1,396
1,354
6404794.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
10,483
10,050
6404980.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
3,081
2,926
6405047.SQ.FTS.B,
Zero
Cpn,
8/12/24
...
12,925
12,469
6405608.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
6,175
6,016
6406439.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
1,517
1,413
6406738.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
3,580
2,432
6406852.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
3,435
3,341
6406944.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
6,230
5,695
6407255.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
1,278
1,117
6407288.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
3,717
3,141
6407422.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
4,365
4,188
6407504.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
4,261
4,154
6407763.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
1,807
1,773
6408103.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
1,685
1,650
6408172.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
1,797
1,673
6408217.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
710
702
6408402.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
859
797
6408642.SQ.FTS.B,
Zero
Cpn,
8/13/24
...
3,850
3,648
6408846.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
1,937
1,362
6408868.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
30,808
30,280
6410340.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
4,385
4,214
6410471.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
26,583
26,023
6411152.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
2,819
2,704
6411209.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
1,546
1,523
6411327.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
571
553
6411333.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
4,502
4,240
6411601.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
8,582
7,856
6411751.SQ.FTS.B,
Zero
Cpn,
8/14/24
...
1,714
1,698
6411973.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
7,996
6,909
6412302.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
3,974
3,738
6412462.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
2,250
2,038
6412546.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
2,748
2,039
6412739.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
1,261
1,238
6412810.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
12,096
4,922
6412999.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
23,528
22,793
6413701.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
4,403
4,262
6413893.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
6,248
5,781
6414046.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
2,954
2,773
6414234.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
1,206
1,117
6414263.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
2,216
2,173
6414350.SQ.FTS.B,
Zero
Cpn,
8/15/24
...
24,260
23,684
6417901.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
2,069
2,034
6418079.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
1,940
1,886
6418115.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
6,083
5,910
6418289.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
1,650
1,493
6418331.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
8,636
8,415
6418705.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
3,147
3,121
6419039.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
16,763
15,932
6419603.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
17,341
16,885
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
172
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6420327.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
$
11,539
$
10,636
6420660.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
827
768
6420865.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
1,394
1,140
6420892.SQ.FTS.B,
Zero
Cpn,
8/16/24
...
9,341
8,781
6421417.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
1,776
1,724
6421500.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
5,795
4,180
6421669.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
8,754
8,500
6422097.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
7,363
7,134
6422931.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
4,483
4,296
6423054.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
3,073
2,928
6423098.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
1,544
1,482
6423115.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
973
935
6423162.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
1,546
1,439
6423230.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
2,021
1,956
6423580.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
10,359
9,971
6424077.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
3,160
2,606
6424136.SQ.FTS.B,
Zero
Cpn,
8/17/24
...
1,732
1,638
6424177.SQ.FTS.B,
Zero
Cpn,
8/18/24
...
7,259
6,271
6424258.SQ.FTS.B,
Zero
Cpn,
8/18/24
...
1,563
1,524
6424329.SQ.FTS.B,
Zero
Cpn,
8/18/24
...
3,409
3,218
6424383.SQ.FTS.B,
Zero
Cpn,
8/18/24
...
4,297
4,200
6424474.SQ.FTS.B,
Zero
Cpn,
8/18/24
...
6,862
6,440
6424607.SQ.FTS.B,
Zero
Cpn,
8/18/24
...
16,137
15,094
6424928.SQ.FTS.B,
Zero
Cpn,
8/19/24
...
3,873
3,524
6425018.SQ.FTS.B,
Zero
Cpn,
8/19/24
...
7,122
6,963
6425168.SQ.FTS.B,
Zero
Cpn,
8/19/24
...
4,759
2,242
6425221.SQ.FTS.B,
Zero
Cpn,
8/19/24
...
1,460
1,405
6425245.SQ.FTS.B,
Zero
Cpn,
8/19/24
...
578
307
6425250.SQ.FTS.B,
Zero
Cpn,
8/19/24
...
306
289
6425263.SQ.FTS.B,
Zero
Cpn,
8/19/24
...
15,458
15,127
6425894.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
377
345
6426269.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
9,390
9,193
6426485.SQ.FTS.B,
Zero
Cpn,
8/20/24
...
9,915
8,797
6427007.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
681
668
6427023.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
2,866
2,615
6427071.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
6,305
6,201
6427418.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
1,293
1,268
6427507.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
2,094
2,006
6427657.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
3,150
3,018
6427784.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
6,667
6,575
6428130.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
742
714
6428197.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
2,511
2,410
6428290.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
9,718
9,447
6428572.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
26,811
26,006
6429400.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
6,726
6,351
6429617.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
2,933
2,831
6429767.SQ.FTS.B,
Zero
Cpn,
8/21/24
...
13,830
12,725
6430086.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
1,850
1,661
6430153.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
35,582
34,661
6431302.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
4,035
3,917
6431462.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
3,100
1,947
6431589.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
1,570
1,531
6431633.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
8,858
8,476
6432280.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
1,684
1,582
6432322.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
2,453
2,372
6432468.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
24,799
21,791
6432979.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
1,830
1,796
6433042.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
113
111
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6433074.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
$
2,308
$
2,258
6433229.SQ.FTS.B,
Zero
Cpn,
8/22/24
...
35,315
33,957
6435237.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
27,336
24,097
6435665.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
2,982
2,833
6435796.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
28,258
26,627
6436879.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
4,094
3,702
6439264.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
60,022
57,712
6440676.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
623
572
6440708.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
2,490
2,454
6440894.SQ.FTS.B,
Zero
Cpn,
8/23/24
...
3,663
3,563
6441127.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
4,928
4,800
6442143.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
1,471
1,391
6442215.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
2,314
2,228
6442294.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
4,433
4,325
6442489.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
3,286
2,653
6442629.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
571
442
6442655.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
3,189
3,024
6442746.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
2,603
2,539
6443137.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
3,293
3,033
6443213.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
21,124
19,497
6443973.SQ.FTS.B,
Zero
Cpn,
8/24/24
...
8,250
8,081
6444342.SQ.FTS.B,
Zero
Cpn,
8/25/24
...
1,420
1,242
6444382.SQ.FTS.B,
Zero
Cpn,
8/25/24
...
3,740
3,232
6444477.SQ.FTS.B,
Zero
Cpn,
8/25/24
...
15,429
9,903
6444706.SQ.FTS.B,
Zero
Cpn,
8/25/24
...
4,944
4,801
6444790.SQ.FTS.B,
Zero
Cpn,
8/25/24
...
2,054
2,020
6445084.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
7,514
7,203
6445272.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
797
761
6445328.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
3,167
2,986
6445417.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
5,828
5,678
6445583.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
777
759
6445627.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
1,712
1,654
6445680.SQ.FTS.B,
Zero
Cpn,
8/26/24
...
7,286
6,740
6446250.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
1,342
1,312
6446330.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
7,266
7,086
6447047.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
9,439
9,051
6447425.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
4,648
4,463
6447759.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
1,278
1,256
6447870.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
2,444
2,355
6447980.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
451
442
6448036.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
636
617
6448332.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
3,930
3,743
6448481.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
11,080
10,843
6449019.SQ.FTS.B,
Zero
Cpn,
8/27/24
...
2,113
2,072
6449537.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
7,094
6,922
6449712.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
2,186
2,102
6449818.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
9,831
9,504
6450208.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
3,817
3,693
6450432.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
350
343
6450465.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
2,066
1,857
6450526.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
4,650
4,502
6450743.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
5,804
5,396
6451044.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
1,239
1,192
6451088.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
955
934
6451130.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
4,439
4,285
6451490.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
754
749
6452159.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
583
577
6452261.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
19,538
19,096
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
173
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6452727.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
$
4,053
$
3,755
6452760.SQ.FTS.B,
Zero
Cpn,
8/28/24
...
938
910
6452845.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
13,329
11,866
6453078.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
1,291
1,224
6453136.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
11,131
10,795
6453454.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
1,849
1,758
6453520.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
1,413
1,376
6453572.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
7,206
6,671
6453755.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
821
763
6453792.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
22,162
18,369
6454137.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
13,881
12,719
6454325.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
324
320
6454383.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
24,840
23,875
6454856.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
9,001
8,733
6454994.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
16,019
14,704
6455266.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
5,510
5,431
6455497.SQ.FTS.B,
Zero
Cpn,
9/01/24
...
3,153
3,009
6457332.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
21,653
11,738
6457685.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
6,559
5,920
6457799.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
12,080
11,662
6458130.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
7,968
7,270
6458386.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
15,198
13,925
6458710.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
3,632
3,463
6458789.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
3,771
3,525
6458925.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
12,818
12,513
6459650.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
1,468
1,444
6459710.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
3,238
2,837
6459795.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
18,931
16,543
6460386.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
2,103
2,051
6460473.SQ.FTS.B,
Zero
Cpn,
9/02/24
...
3,067
2,803
6460759.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
5,735
5,441
6461090.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
1,131
1,107
6461172.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
3,099
3,014
6461344.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
1,460
1,379
6461468.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
10,533
10,174
6461962.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
604
597
6462005.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
4,435
4,304
6462112.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
11,695
11,482
6462555.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
4,257
2,132
6462673.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
2,858
2,803
6462890.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
15,949
15,361
6463522.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
2,507
2,421
6463605.SQ.FTS.B,
Zero
Cpn,
9/03/24
...
9,106
8,546
6463725.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
2,772
2,636
6463763.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
8,061
7,859
6463932.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
5,068
4,696
6464146.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
3,326
3,223
6464385.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
409
392
6464411.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
2,443
2,304
6464461.SQ.FTS.B,
Zero
Cpn,
9/04/24
...
942
861
6464494.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
14,468
13,266
6464764.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
1,212
1,186
6464819.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
4,031
2,851
6464900.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
4,271
2,865
6464961.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
6,653
6,506
6465098.SQ.FTS.B,
Zero
Cpn,
9/05/24
...
13,449
13,062
6465644.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
711
395
6465653.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
91
89
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6465661.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
$
1,650
$
1,629
6466906.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
9,041
8,732
6467167.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
939
892
6467215.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
2,943
2,818
6467328.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
3,138
3,083
6467486.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
4,266
4,196
6467916.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
1,574
1,562
6468011.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
2,262
1,319
6468042.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
17,897
17,486
6468629.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
2,582
2,535
6468693.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
1,976
1,928
6468856.SQ.FTS.B,
Zero
Cpn,
9/06/24
...
438
378
6469434.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
598
579
6469449.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
1,184
1,144
6469480.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
20,372
19,786
6470550.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
41,942
40,607
6471639.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
6,910
6,762
6471953.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
28,929
27,250
6472610.SQ.FTS.B,
Zero
Cpn,
9/07/24
...
1,644
1,592
6472736.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
9,944
8,393
6472924.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
511
506
6472989.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
987
920
6473054.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
14,020
12,053
6473372.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
15,700
14,876
6474092.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
12,491
10,225
6474583.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
15,979
15,203
6475132.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
3,711
3,606
6475295.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
6,274
5,970
6475579.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
7,534
4,873
6475801.SQ.FTS.B,
Zero
Cpn,
9/08/24
...
3,765
3,541
6477775.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
39,645
39,044
6479697.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
2,282
2,255
6479816.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
4,481
4,120
6479901.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
4,259
4,098
6479972.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
31,116
29,434
6480543.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
22,290
21,449
6481381.SQ.FTS.B,
Zero
Cpn,
9/09/24
...
485
478
6481465.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
48,330
45,738
6483099.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
4,445
2,375
6483200.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
5,329
5,150
6483353.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
3,494
2,928
6483409.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
3,715
3,505
6483481.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
7,551
7,317
6484176.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
3,513
3,329
6484373.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
1,508
1,464
6484437.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
1,380
1,333
6484465.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
2,426
2,091
6484685.SQ.FTS.B,
Zero
Cpn,
9/10/24
...
47,169
44,758
6484987.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
11,409
10,957
6485170.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
5,119
3,474
6485354.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
4,673
4,563
6485465.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
1,193
1,174
6485656.SQ.FTS.B,
Zero
Cpn,
9/11/24
...
4,258
4,084
6485835.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
2,892
2,806
6485942.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
4,062
3,847
6486052.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
3,923
3,567
6486158.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
3,754
3,674
6486282.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
2,996
2,933
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
174
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6486385.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
$
3,496
$
3,358
6486480.SQ.FTS.B,
Zero
Cpn,
9/12/24
...
5,160
5,085
6486911.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
1,590
1,569
6487088.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
4,076
3,727
6487306.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
2,601
2,438
6487631.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
14,401
13,055
6488192.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
4,101
3,498
6488353.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
37,897
34,876
6489753.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
1,136
1,124
6489806.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
744
559
6489837.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
2,960
2,911
6489974.SQ.FTS.B,
Zero
Cpn,
9/13/24
...
3,543
3,407
6490386.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
7,177
5,716
6490629.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
1,316
1,236
6490655.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
3,348
3,296
6491530.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
929
879
6491561.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
2,539
2,317
6491652.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
9,583
9,249
6491966.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
8,404
8,099
6492226.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
1,987
1,895
6492293.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
309
293
6492312.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
2,796
2,341
6492360.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
4,737
4,551
6492523.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
12,785
12,179
6492833.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
1,601
1,514
6492894.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
2,312
2,214
6493006.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
11,997
11,452
6493256.SQ.FTS.B,
Zero
Cpn,
9/14/24
...
49,768
48,091
6493798.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
8,083
7,763
6494304.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
3,628
3,474
6494452.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
1,576
1,117
6494556.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
4,226
4,133
6494767.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
4,799
3,595
6494873.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
31,992
31,073
6496479.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
4,745
4,628
6496588.SQ.FTS.B,
Zero
Cpn,
9/15/24
...
17,694
16,537
6499057.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
5,025
4,429
6499194.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
17,788
15,888
6499611.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
22,959
21,785
6500387.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
4,860
4,556
6500530.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
7,938
7,692
6500862.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
7,102
5,974
6501410.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
3,107
2,738
6501686.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
347
340
6501697.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
2,843
2,131
6501709.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
4,408
3,958
6502340.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
2,409
2,312
6502478.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
3,508
2,173
6502552.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
1,578
1,540
6502565.SQ.FTS.B,
Zero
Cpn,
9/16/24
...
645
480
6502615.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
1,804
1,688
6502730.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
2,496
2,393
6502765.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
5,880
5,398
6502909.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
2,897
2,716
6502972.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
2,591
2,358
6503094.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
1,334
1,272
6503141.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
5,409
4,985
6503327.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
5,455
4,297
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6503507.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
$
1,356
$
1,312
6503795.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
3,717
3,605
6503904.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
6,225
5,969
6504093.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
6,894
5,615
6504196.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
1,327
1,222
6504216.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
2,540
1,663
6504273.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
706
689
6504303.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
1,850
1,796
6504374.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
11,077
10,275
6504605.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
2,756
2,709
6504662.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
5,526
5,339
6504845.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
2,393
2,152
6504906.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
2,140
1,926
6504942.SQ.FTS.B,
Zero
Cpn,
9/17/24
...
28,219
27,853
6505689.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
877
841
6505716.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
1,428
1,335
6505735.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
1,490
1,421
6505776.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
3,644
3,573
6505851.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
7,179
6,962
6506050.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
2,520
2,387
6506103.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
645
598
6506120.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
3,614
3,510
6506259.SQ.FTS.B,
Zero
Cpn,
9/18/24
...
9,679
7,981
6506415.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
4,262
4,134
6506519.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
3,634
3,143
6506592.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
3,146
2,957
6506724.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
885
834
6506747.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
2,844
2,587
6506835.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
3,565
3,193
6506916.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
1,787
1,765
6506962.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
519
471
6506980.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
1,569
864
6507028.SQ.FTS.B,
Zero
Cpn,
9/19/24
...
3,511
3,376
6507402.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
3,777
3,114
6507642.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
210
207
6507671.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
20,189
19,125
6508393.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
6,506
5,843
6508843.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
2,593
2,559
6508989.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,205
1,174
6509049.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
2,784
2,712
6509147.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
2,548
2,416
6509194.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
16,699
15,960
6509654.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,999
1,951
6509717.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
4,872
4,658
6509839.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
621
565
6509852.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
10,602
10,325
6510507.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
2,192
2,076
6510607.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
186
178
6510701.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,165
1,073
6510726.SQ.FTS.B,
Zero
Cpn,
9/20/24
...
1,362
1,257
6510760.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
2,360
2,266
6510906.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
12,630
12,206
6511308.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
3,635
2,445
6511420.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
12,208
11,342
6511953.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
606
531
6511965.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
529
500
6512005.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
1,873
1,741
6512060.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
25,762
24,893
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
175
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6512664.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
$
33,934
$
33,452
6513783.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
505
455
6513801.SQ.FTS.B,
Zero
Cpn,
9/21/24
...
18,204
17,607
6514132.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
7,863
7,543
6514332.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
13,332
12,266
6514885.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
6,586
6,305
6515115.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
8,350
7,464
6515656.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
2,444
2,361
6515696.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
13,402
13,017
6515856.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
20,908
17,541
6516186.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
5,990
5,737
6516364.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
1,003
958
6516418.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
2,230
2,037
6516456.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
16,655
16,094
6516876.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
4,716
4,096
6516907.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
1,219
1,195
6516932.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
2,338
2,210
6516970.SQ.FTS.B,
Zero
Cpn,
9/22/24
...
6,687
6,335
6518808.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
2,175
2,123
6518893.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
2,455
2,404
6518976.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
4,543
4,225
6519089.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
2,665
2,508
6519191.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
13,057
12,467
6519845.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
3,575
2,677
6519957.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
1,896
1,850
6520087.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
13,750
13,280
6520610.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
31,375
29,169
6521313.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
415
403
6521602.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
253
249
6522279.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
3,642
3,512
6522381.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
1,273
1,236
6522425.SQ.FTS.B,
Zero
Cpn,
9/23/24
...
7,112
6,567
6522557.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
4,524
4,186
6522801.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
25,105
24,107
6523738.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
15,109
14,052
6524109.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
499
468
6524125.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
2,200
2,141
6524172.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
171
170
6524239.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
626
604
6524263.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
739
718
6524287.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
5,469
4,997
6524458.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
1,541
780
6524597.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
900
879
6524668.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
6,185
5,653
6524796.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
4,788
4,621
6524878.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
969
931
6525010.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
9,011
8,786
6525312.SQ.FTS.B,
Zero
Cpn,
9/24/24
...
15,976
15,723
6525626.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
2,384
2,350
6525717.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
417
407
6525728.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
5,781
5,688
6525957.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
1,850
1,816
6525998.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
7,772
7,537
6526139.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
860
805
6526166.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
2,021
1,553
6526193.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
1,449
1,318
6526214.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
766
734
6526234.SQ.FTS.B,
Zero
Cpn,
9/25/24
...
4,051
3,895
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6526337.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
$
455
$
439
6526348.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
3,435
3,324
6526405.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
867
801
6526423.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
3,898
3,344
6526485.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
1,526
1,491
6526535.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
2,060
1,813
6526562.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
5,783
5,625
6526639.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
2,915
2,875
6526751.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
3,820
3,668
6526823.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
3,520
3,328
6526917.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
2,027
2,000
6527027.SQ.FTS.B,
Zero
Cpn,
9/26/24
...
2,204
2,065
6527382.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
9,988
9,424
6527962.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
6,570
6,485
6528340.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
848
823
6528369.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
6,658
6,359
6528564.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
1,921
1,868
6528603.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
1,749
1,090
6528624.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
1,180
1,070
6528700.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
2,665
2,518
6528817.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
8,044
7,794
6528990.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
4,046
3,922
6529110.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
1,316
1,241
6529263.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
2,681
2,480
6529310.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
2,646
1,826
6529347.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
14,769
14,515
6529695.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
862
840
6529761.SQ.FTS.B,
Zero
Cpn,
9/27/24
...
1,646
1,598
6530840.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
13,057
12,725
6531187.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
11,445
10,774
6532221.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
778
753
6532258.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
915
850
6532361.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
2,193
2,077
6532408.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
3,788
2,685
6532453.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
2,795
2,557
6532510.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
2,584
1,906
6532545.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
1,047
1,011
6532560.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
11,280
11,000
6533061.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
1,044
750
6533082.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
8,006
7,378
6533239.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
5,178
4,800
6533344.SQ.FTS.B,
Zero
Cpn,
9/28/24
...
49,022
47,282
6534223.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
4,552
4,334
6534301.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
1,503
1,429
6534320.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
2,386
2,320
6534411.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
3,058
2,995
6534608.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
10,914
10,471
6535057.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
2,516
2,327
6535147.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
9,818
9,384
6535458.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
3,938
3,804
6535543.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
13,740
13,303
6536403.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
1,930
1,515
6536432.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
4,179
4,030
6536525.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
706
685
6536550.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
8,280
7,932
6536718.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
2,822
2,657
6536798.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
531
501
6536835.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
44,953
42,603
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
176
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6537859.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
$
2,406
$
2,264
6537870.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
3,371
2,365
6537902.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
4,596
4,455
6537962.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
2,176
2,075
6538002.SQ.FTS.B,
Zero
Cpn,
9/29/24
...
1,103
858
6539718.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
6,209
5,999
6539997.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
7,984
7,575
6540423.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
942
930
6540518.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
2,374
2,184
6540608.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
1,887
1,753
6540710.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
5,017
4,463
6540849.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
28,954
24,732
6541418.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
14,595
14,099
6541776.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
9,298
8,748
6541945.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
6,210
5,188
6542117.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
1,531
1,450
6542132.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
424
411
6542136.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
8,810
8,229
6542615.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
13,285
12,345
6542887.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
2,725
2,687
6542991.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
2,182
2,034
6543039.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
2,100
2,061
6543107.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
862
811
6543168.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
4,259
3,872
6543303.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
202
198
6543316.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
3,927
2,042
6543372.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
9,888
9,555
6544022.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
1,931
1,876
6544192.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
13,750
11,645
6544708.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
24,703
23,983
6545499.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
10,908
8,362
6545638.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
23,469
21,685
6546015.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
5,893
4,326
6546207.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
8,045
7,719
6546434.SQ.FTS.B,
Zero
Cpn,
9/30/24
...
31,117
30,089
6546850.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
1,415
1,380
6546892.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
986
946
6546927.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
1,143
1,117
6546951.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
14,291
13,603
6547285.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
1,960
1,672
6547322.SQ.FTS.B,
Zero
Cpn,
10/01/24
..
6,158
5,498
6547646.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
2,637
2,586
6547733.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
1,894
1,561
6547762.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
663
644
6547774.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
3,861
3,702
6547885.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
11,433
9,834
6548015.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
2,715
1,295
6548050.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
1,394
1,335
6548086.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
2,015
1,950
6548181.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
817
776
6548201.SQ.FTS.B,
Zero
Cpn,
10/02/24
..
3,267
3,137
6548473.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
1,488
1,406
6548631.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
873
863
6548739.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
600
583
6548822.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
1,428
746
6548889.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
470
449
6548909.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
7,126
7,002
6549334.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
4,192
4,060
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6549488.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
$
446
$
439
6549587.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
1,618
1,572
6549718.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
2,115
2,061
6549897.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
7,051
6,722
6550344.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
20,721
18,971
6550899.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
8,800
8,525
6551116.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
1,357
1,085
6551260.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
4,429
4,293
6551526.SQ.FTS.B,
Zero
Cpn,
10/03/24
..
31,869
31,230
6551737.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
9,629
9,363
6552148.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
12,017
11,340
6552506.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,161
1,122
6552552.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
2,314
1,867
6552657.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
3,739
3,669
6552826.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
7,481
6,902
6553133.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
5,833
5,647
6553314.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
23,716
22,748
6553871.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,363
1,334
6553983.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,410
1,303
6554014.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,799
1,716
6554135.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
4,942
4,732
6554323.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,087
1,074
6554403.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
1,026
992
6554472.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
684
673
6554511.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
12,547
12,052
6554754.SQ.FTS.B,
Zero
Cpn,
10/04/24
..
26,164
25,531
6555345.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
1,138
1,098
6555576.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
1,509
1,292
6555642.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
596
576
6555664.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
9,763
9,428
6556114.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
11,644
11,218
6556397.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
820
809
6556418.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
1,307
1,267
6556510.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
4,377
4,213
6556681.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
2,246
2,120
6556766.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
3,124
3,028
6556853.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
2,572
2,482
6556979.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
1,650
1,634
6557095.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
1,672
1,646
6557140.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
3,829
3,695
6557292.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
932
913
6557432.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
1,037
961
6557480.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
8,991
8,517
6557700.SQ.FTS.B,
Zero
Cpn,
10/05/24
..
17,726
17,137
6559553.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,124
851
6559682.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
2,703
2,613
6559983.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,666
1,605
6560063.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,781
1,688
6560158.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
839
672
6560175.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
5,704
3,663
6560340.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
11,308
10,803
6560703.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
2,156
2,066
6560810.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
1,717
1,572
6560936.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
2,433
2,405
6561227.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
14,962
14,501
6561895.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
14,331
11,908
6562417.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
2,490
1,477
6562473.SQ.FTS.B,
Zero
Cpn,
10/06/24
..
22,635
21,960
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
177
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6563058.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
$
4,539
$
4,392
6563245.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
1,058
1,033
6563329.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
2,426
2,339
6563453.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
19,047
18,573
6564357.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
2,334
2,052
6564411.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
5,372
5,048
6564559.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
8,290
7,865
6564739.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
7,545
7,214
6565003.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
2,158
2,113
6565095.SQ.FTS.B,
Zero
Cpn,
10/07/24
..
54,104
49,686
6566179.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
1,590
1,525
6566214.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
8,068
7,864
6566316.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
4,742
4,493
6566507.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
1,537
1,486
6566537.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
4,605
4,410
6566597.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
10,650
10,339
6566736.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
773
767
6566764.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
845
827
6566784.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
1,736
1,705
6566825.SQ.FTS.B,
Zero
Cpn,
10/08/24
..
7,319
7,060
6566926.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
4,880
4,747
6567003.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
2,291
1,954
6567029.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
2,808
2,749
6567090.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
5,829
5,404
6567177.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
3,508
3,394
6567242.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
2,687
2,599
6567304.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
947
928
6567324.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
1,179
1,141
6567346.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
3,322
3,203
6567395.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
394
364
6567424.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
4,139
3,825
6567484.SQ.FTS.B,
Zero
Cpn,
10/09/24
..
5,156
4,504
6567760.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,253
1,195
6567889.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
3,515
3,440
6568147.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
10,034
8,450
6568392.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
2,178
2,102
6568473.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
2,442
2,410
6568579.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
7,764
7,026
6568799.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,547
1,502
6568858.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
3,352
3,270
6568949.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,107
1,075
6568970.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
5,194
4,974
6569048.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
4,122
4,005
6569159.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,846
1,797
6569224.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
487
468
6569449.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,350
1,194
6569483.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,342
1,200
6569506.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,966
1,922
6569526.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
19,503
17,269
6569846.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
7,515
7,272
6570126.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
4,320
4,192
6570268.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,016
982
6570305.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
198
195
6570335.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
1,633
1,603
6570382.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
8,264
4,262
6570471.SQ.FTS.B,
Zero
Cpn,
10/10/24
..
32,060
31,186
6571312.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
3,298
3,058
6571773.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
784
771
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6572022.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
$
4,451
$
4,202
6572299.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
1,128
834
6572324.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
8,360
6,964
6572610.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
4,471
4,338
6572743.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
15,963
15,629
6573220.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
767
731
6573238.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
3,254
3,180
6573331.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
43,486
42,303
6574362.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
13,012
12,292
6574562.SQ.FTS.B,
Zero
Cpn,
10/11/24
..
31,567
30,432
6574591.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
51,375
50,379
6576473.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
3,728
3,674
6576618.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
1,594
1,510
6576835.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
1,704
1,680
6577330.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
4,371
4,225
6577438.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
2,621
2,503
6577490.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
5,398
5,278
6577649.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
607
593
6577723.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
2,548
2,484
6577782.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
2,374
2,199
6577815.SQ.FTS.B,
Zero
Cpn,
10/12/24
..
24,377
23,929
6579843.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
1,582
1,511
6579921.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
2,963
2,928
6580088.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
859
566
6580109.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
23,467
22,483
6580992.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
1,564
1,510
6581041.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
704
666
6581125.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
6,295
6,038
6581490.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
4,695
4,507
6581619.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
10,644
8,452
6581802.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
1,459
1,394
6581871.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
14,173
13,803
6582332.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
41,730
40,295
6583260.SQ.FTS.B,
Zero
Cpn,
10/13/24
..
30,719
29,739
6583420.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
13,583
13,438
6584579.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
748
533
6584597.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
5,065
4,918
6584771.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
5,822
5,584
6584924.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
5,420
5,244
6585051.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
8,834
8,116
6585259.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
1,230
1,204
6585282.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
8,997
8,777
6585499.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
5,514
5,216
6585721.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
4,408
4,298
6585949.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
9,632
9,322
6586088.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
5,289
5,096
6586207.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
3,150
3,069
6586273.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
3,239
3,102
6586446.SQ.FTS.B,
Zero
Cpn,
10/14/24
..
5,068
3,641
6586587.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
24,734
24,363
6587229.SQ.FTS.B,
Zero
Cpn,
10/15/24
..
18,717
14,891
6587437.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
1,163
643
6587457.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
1,537
1,502
6587487.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
5,430
4,898
6587561.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
978
957
6587578.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
871
823
6587592.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
4,940
4,820
6587680.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
2,832
2,779
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
178
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6587792.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
$
1,367
$
1,336
6587814.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
3,768
3,632
6587869.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
1,105
1,083
6587897.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
4,284
3,517
6587960.SQ.FTS.B,
Zero
Cpn,
10/16/24
..
6,204
6,033
6588397.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
3,372
2,943
6588517.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
6,330
6,156
6588846.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
342
329
6588864.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
1,296
1,289
6589068.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
6,446
6,235
6589245.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
784
622
6589273.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
10,094
9,322
6589618.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
3,126
2,788
6589706.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
971
932
6589720.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
1,298
1,283
6589751.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
17
17
6589818.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
1,092
1,067
6589828.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
491
474
6589839.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
908
805
6589973.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
2,504
2,429
6590006.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
5,633
5,601
6590377.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
313
307
6590392.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
3,129
2,996
6590448.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
3,393
2,854
6590518.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
7,986
7,351
6590645.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
6,662
6,385
6590762.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
3,626
3,375
6590809.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
16,569
13,928
6591011.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
5,127
4,954
6591093.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
1,414
1,386
6591144.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
1,062
1,042
6591176.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
4,969
4,700
6591260.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
2,973
1,709
6591318.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
1,308
1,264
6591356.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
598
578
6591394.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
456
436
6591397.SQ.FTS.B,
Zero
Cpn,
10/17/24
..
42,515
41,301
6591713.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
3,594
2,414
6591824.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
806
734
6592231.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
1,866
1,734
6592281.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
11,788
11,465
6592574.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
5,415
4,909
6592723.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
4,695
4,466
6592814.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
2,200
2,122
6592878.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
2,772
2,694
6592995.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
10,719
10,138
6593217.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
5,560
3,162
6593421.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
1,574
1,509
6593461.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
1,585
1,541
6593525.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
7,390
7,059
6593667.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
868
843
6593687.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
8,063
7,556
6593772.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
7,787
4,841
6593855.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
3,425
3,314
6594012.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
3,325
3,209
6594145.SQ.FTS.B,
Zero
Cpn,
10/18/24
..
56,299
51,840
6594542.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
3,348
3,209
6594679.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
23,878
22,372
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6595411.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
$
19,386
$
18,919
6595988.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
20,088
18,570
6596418.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
2,466
2,242
6596486.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
16,015
15,457
6596636.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
1,775
1,406
6596666.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
1,502
1,079
6596687.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
946
910
6596737.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
1,987
1,905
6596777.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
900
862
6596810.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
5,509
5,270
6596914.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
5,878
5,451
6597008.SQ.FTS.B,
Zero
Cpn,
10/19/24
..
16,556
14,393
6598689.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
25,295
24,673
6599802.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
2,492
2,406
6599886.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
4,494
4,257
6600075.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
4,605
4,402
6600193.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
7,012
6,784
6600413.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
851
813
6600435.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
1,601
1,546
6600485.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
1,132
1,118
6601311.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
1,497
1,295
6601362.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
4,858
4,638
6601487.SQ.FTS.B,
Zero
Cpn,
10/20/24
..
12,964
12,887
6601765.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
2,176
2,117
6602001.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
6,029
5,820
6602146.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
2,034
1,971
6602223.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
3,378
3,235
6602365.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
1,532
1,484
6602407.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
3,182
3,077
6602599.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
4,071
2,899
6602690.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
4,655
4,503
6602836.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
635
628
6602878.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
18,041
17,558
6603427.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
1,347
1,331
6603581.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
1,299
1,264
6603691.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
428
419
6603755.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
5,172
4,999
6603891.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
1,593
1,553
6603926.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
1,904
1,859
6604014.SQ.FTS.B,
Zero
Cpn,
10/21/24
..
40,639
36,806
6604386.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
5,043
4,845
6604465.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
3,608
3,353
6604522.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
775
733
6604534.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
5,101
4,980
6604636.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
1,591
1,532
6604669.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
4,008
3,871
6604730.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
6,437
6,024
6604810.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
4,491
4,258
6604860.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
1,105
968
6604890.SQ.FTS.B,
Zero
Cpn,
10/22/24
..
549
535
6604948.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
3,220
3,132
6604995.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
7,959
7,620
6605118.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
7,754
7,465
6605221.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
4,232
4,049
6605264.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
1,974
1,887
6605289.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
9,515
9,167
6605402.SQ.FTS.B,
Zero
Cpn,
10/23/24
..
8,446
8,160
6605754.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
4,668
4,545
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
179
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6606108.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
$
6,156
$
5,573
6606338.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
5,494
5,192
6606465.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
2,123
2,031
6606533.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
1,441
1,402
6606591.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
4,614
4,512
6606769.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
1,194
1,155
6606806.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
6,954
6,584
6607036.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
2,208
2,139
6607085.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
728
705
6607128.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
2,752
2,612
6607285.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
27,166
24,595
6607707.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
31,508
30,689
6608186.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
1,006
989
6608221.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
2,780
2,707
6608312.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
2,226
2,138
6608348.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
4,009
3,842
6608393.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
520
515
6608404.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
556
468
6608453.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
1,079
925
6608473.SQ.FTS.B,
Zero
Cpn,
10/24/24
..
54,741
52,737
6608757.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
1,093
1,076
6608829.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
13,498
13,001
6609060.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
2,101
2,054
6609302.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
1,055
1,044
6609392.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
2,514
2,463
6609519.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
409
399
6609529.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
2,967
2,921
6609718.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
7,383
7,187
6609951.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
2,242
1,648
6609991.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
671
664
6610038.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
6,040
5,847
6610161.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
1,033
1,025
6610206.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
2,574
2,461
6610280.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
2,316
2,279
6610431.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
1,072
1,039
6610460.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
3,209
3,071
6610584.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
669
615
6610631.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
7,339
6,947
6610792.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
719
683
6610840.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
1,195
1,157
6610852.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
8,561
7,973
6610974.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
2,093
1,960
6611020.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
6,526
6,392
6611167.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
3,578
3,451
6611256.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
8,613
7,857
6611489.SQ.FTS.B,
Zero
Cpn,
10/25/24
..
29,447
28,776
6611758.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
3,099
3,054
6611932.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
4,194
4,023
6612198.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
3,477
2,978
6612273.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
1,079
795
6612317.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
893
879
6612473.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
11,620
11,327
6613074.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
11,431
11,048
6613579.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
30,591
29,982
6614973.SQ.FTS.B,
Zero
Cpn,
10/26/24
..
1,817
1,736
6616875.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
8,291
8,087
6617231.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
1,063
958
6617255.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
13,511
13,243
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6618039.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
$
11,152
$
10,765
6618546.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
2,734
2,405
6618638.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
881
873
6618691.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
5,477
5,208
6618759.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
5,258
5,046
6618920.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
4,028
3,779
6619063.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
2,749
2,654
6619187.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
5,585
5,384
6619662.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
1,451
1,432
6619698.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
647
635
6619919.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
4,915
4,747
6620032.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
2,411
2,347
6620057.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
10,382
10,132
6620364.SQ.FTS.B,
Zero
Cpn,
10/27/24
..
3,405
3,317
6620488.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
6,367
5,265
6620662.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
5,294
4,748
6620775.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
210
209
6620818.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
4,405
3,968
6620894.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
2,420
2,353
6620991.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
8,992
8,600
6621287.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
7,985
7,138
6621431.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
4,266
4,156
6621572.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
5,465
5,354
6621776.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
6,505
6,403
6621897.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
2,726
2,314
6621931.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
5,137
4,902
6622085.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
622
306
6622287.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
2,266
2,193
6622333.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
4,222
4,032
6622368.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
4,146
3,897
6622441.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
8,961
8,632
6622614.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
603
597
6622657.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
2,812
2,735
6622719.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
5,900
5,745
6622871.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
8,002
7,665
6623102.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
2,732
2,696
6623203.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
39,692
38,523
6624087.SQ.FTS.B,
Zero
Cpn,
10/28/24
..
7,818
7,503
6624125.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
9,949
9,524
6624304.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
12,593
10,847
6624528.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
6,694
6,428
6624673.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
5,248
5,022
6624780.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
2,667
2,561
6624823.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
44
43
6624836.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
479
458
6624846.SQ.FTS.B,
Zero
Cpn,
10/29/24
..
2,426
2,333
6624887.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
1,609
1,535
6624917.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
3,646
3,339
6624976.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
5,549
5,045
6625063.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
9,206
8,928
6625311.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
1,353
1,291
6625335.SQ.FTS.B,
Zero
Cpn,
10/30/24
..
17,132
15,990
6625807.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
12,025
11,464
6626543.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
7,713
7,366
6626812.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
2,144
2,047
6626847.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
9,474
9,153
6627123.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
1,401
1,337
6627159.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
1,935
1,597
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
180
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6627196.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
$
662
$
572
6627207.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
8,948
8,374
6627396.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
8,657
7,319
6627640.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
6,030
5,643
6627766.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
1,463
1,407
6627795.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
954
925
6627891.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
3,964
3,823
6627973.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
23,828
22,048
6628375.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
4,616
4,437
6628517.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
2,997
2,892
6628592.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
1,281
1,245
6628679.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
5,586
5,383
6628804.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
1,827
1,535
6628826.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
2,605
2,528
6628958.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
10,756
10,416
6629323.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
4,150
3,888
6629477.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
1,203
1,165
6629556.SQ.FTS.B,
Zero
Cpn,
11/01/24
..
1,560
930
6629639.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
1,516
1,464
6629752.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
6,509
6,138
6629835.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
6,640
6,364
6630070.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
5,298
4,959
6630210.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
2,191
2,106
6630297.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
3,552
3,428
6630505.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
1,850
1,769
6630639.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
2,248
2,159
6630719.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
4,966
4,741
6631373.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
13,588
13,014
6631659.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
5,893
5,300
6632018.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
4,460
4,276
6632099.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
2,902
2,745
6632188.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
6,035
5,826
6632319.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
628
603
6632334.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
3,563
2,133
6632401.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
9,252
8,862
6632557.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
6,722
6,497
6632702.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
3,672
3,369
6632762.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
5,152
4,948
6633002.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
581
564
6633033.SQ.FTS.B,
Zero
Cpn,
11/02/24
..
13,607
12,393
6633245.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
2,534
2,436
6633298.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
926
891
6633896.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
11,845
9,805
6634134.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
2,167
2,090
6634196.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
21,403
20,601
6634676.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
7,590
7,326
6634815.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
7,871
7,370
6634930.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
1,622
1,568
6634956.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
742
709
6635028.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
17,254
16,269
6635230.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
61,854
51,206
6635985.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
5,998
5,670
6636058.SQ.FTS.B,
Zero
Cpn,
11/03/24
..
10,500
10,082
6637835.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
2,881
2,767
6637900.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
9,064
7,688
6638103.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
8,689
8,342
6638346.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
2,010
1,895
6638409.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
408
392
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6638430.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
$
6,730
$
6,466
6638697.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
814
763
6638729.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
5,299
5,077
6638912.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
2,804
2,698
6638971.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
2,187
2,109
6639023.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
2,523
2,397
6639101.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
4,204
3,991
6639172.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
16,869
16,199
6639537.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
980
938
6639582.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
440
383
6639606.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
514
403
6639624.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
23,198
21,756
6640142.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
592
545
6640151.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
5,643
5,429
6640321.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
1,474
1,429
6640359.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
2,128
1,689
6640407.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
5,804
5,573
6640556.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
17,908
17,218
6640844.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
245
239
6640855.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
3,740
3,596
6640918.SQ.FTS.B,
Zero
Cpn,
11/04/24
..
17,089
16,486
6641367.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
4,532
4,040
6641603.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
1,337
1,297
6641681.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
12,080
11,399
6642135.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
6,994
6,591
6642385.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
113
110
6642416.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
42,264
40,689
6643299.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
1,154
1,117
6643331.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
4,346
4,199
6643446.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
4,789
4,584
6643585.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
6,788
6,052
6643735.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
9,833
9,465
6643896.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
4,247
3,704
6643921.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
1,223
1,174
6644225.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
1,360
1,322
6644288.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
4,982
4,695
6644358.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
2,002
1,927
6644420.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
944
890
6644423.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
4,106
3,942
6644507.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
1,448
1,399
6644529.SQ.FTS.B,
Zero
Cpn,
11/05/24
..
11,965
11,524
6644586.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
1,458
1,405
6644624.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
13,968
13,371
6644797.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
4,847
3,679
6644842.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
2,044
1,951
6644879.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
3,197
3,069
6644924.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
8,591
8,295
6645087.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
836
730
6645117.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
2,034
1,962
6645156.SQ.FTS.B,
Zero
Cpn,
11/06/24
..
23,719
22,758
6645579.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
7,629
7,320
6645699.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
5,293
5,049
6645770.SQ.FTS.B,
Zero
Cpn,
11/07/24
..
9,581
9,151
6646196.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
530
513
6646222.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
10,587
9,827
6646624.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
6,410
5,343
6646836.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
522
508
6646903.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
1,625
1,535
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
181
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6646988.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
$
967
$
940
6647044.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
4,765
4,523
6647164.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
31,280
29,361
6647842.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
521
321
6647856.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
6,883
6,357
6648056.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
3,112
2,887
6648123.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
5,782
5,536
6648200.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
4,271
3,965
6648246.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
1,076
983
6648273.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
14,773
13,426
6648585.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
857
826
6648605.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
2,096
2,015
6648662.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
5,521
5,271
6648750.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
857
829
6648768.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
4,888
4,369
6648850.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
12,037
11,565
6649083.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
1,543
1,496
6649116.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
12,787
12,281
6649461.SQ.FTS.B,
Zero
Cpn,
11/08/24
..
1,674
1,617
6649499.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
2,168
2,071
6649546.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
9,808
8,967
6649787.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
2,648
2,485
6649861.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
1,732
1,583
6649914.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
1,896
1,827
6650053.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
2,009
1,857
6650152.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
11,309
10,825
6650524.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
8,058
7,769
6650823.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
19,225
17,986
6651224.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
1,119
1,059
6651239.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
12,551
11,227
6651430.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
37,692
35,512
6652169.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
1,608
1,549
6652219.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
3,026
2,837
6652279.SQ.FTS.B,
Zero
Cpn,
11/09/24
..
29,207
27,740
6652930.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
10,476
9,214
6653226.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
19,707
18,630
6653839.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
1,022
972
6653893.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
796
757
6653934.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
3,637
3,402
6654001.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
660
633
6654034.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
1,505
1,453
6654075.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
999
960
6654083.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
4,897
4,697
6654161.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
1,441
897
6654172.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
1,998
1,917
6654220.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
7,149
6,762
6654358.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
10,227
9,748
6654537.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
5,811
5,096
6654689.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
4,869
4,554
6654783.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
7,128
6,869
6654954.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
8,844
8,491
6655118.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
13,183
12,620
6655386.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
2,493
2,413
6655481.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
3,596
3,263
6655536.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
1,468
1,405
6655558.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
3,700
3,555
6655603.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
2,119
1,857
6655664.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
10,478
8,431
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6655841.SQ.FTS.B,
Zero
Cpn,
11/10/24
..
$
10,921
$
10,396
6657787.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
1,364
1,305
6657843.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
1,192
1,149
6657913.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
8,571
8,122
6658300.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
13,663
12,813
6658771.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
666
416
6658793.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
5,074
4,866
6658933.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
7,256
6,858
6659108.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
19,000
18,190
6659781.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
10,200
9,781
6660041.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
22,405
21,502
6660473.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
45,434
41,821
6661425.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
1,624
1,567
6661464.SQ.FTS.B,
Zero
Cpn,
11/11/24
..
8,492
8,088
6661589.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
9,672
9,290
6661938.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
13,137
12,613
6662583.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
1,268
1,212
6662612.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
1,728
1,695
6662803.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
5,936
5,082
6662911.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
54,062
52,232
6664648.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
5,291
5,083
6664736.SQ.FTS.B,
Zero
Cpn,
11/12/24
..
541
514
6664757.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
12,445
11,162
6664909.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
6,492
6,148
6664996.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
5,913
5,544
6665148.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
13,015
12,495
6665366.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
2,597
2,468
6665406.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
2,019
1,932
6665440.SQ.FTS.B,
Zero
Cpn,
11/13/24
..
11,212
10,482
6665603.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
1,461
1,409
6665633.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
4,107
3,821
6665683.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
1,732
1,633
6665714.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
7,408
7,102
6665825.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
4,165
3,973
6665886.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
1,129
1,090
6665907.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
5,837
5,601
6665977.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
2,846
2,744
6666031.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
3,615
2,444
6666069.SQ.FTS.B,
Zero
Cpn,
11/14/24
..
11,174
10,751
6666475.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
3,544
2,544
6666594.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
2,724
2,127
6666636.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
2,467
2,309
6666734.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
5,186
4,960
6666904.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
1,667
1,593
6666980.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
554
539
6667033.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
7,149
6,729
6667201.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
827
801
6667225.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
648
569
6667236.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
11,720
11,017
6667526.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
332
321
6667620.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
5,531
5,349
6667810.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
3,302
2,578
6667864.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
11,368
10,953
6668132.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
6,187
5,957
6668228.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
6,125
5,813
6668401.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
5,171
4,978
6668498.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
3,182
3,020
6668645.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
2,526
2,423
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
182
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6668711.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
$
15,107
$
14,379
6668984.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
957
931
6669028.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
2,447
1,661
6669068.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
1,694
1,625
6669109.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
823
786
6669140.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
5,017
4,710
6669224.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
991
712
6669230.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
2,103
2,024
6669266.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
25,452
23,745
6669642.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
3,905
3,668
6669747.SQ.FTS.B,
Zero
Cpn,
11/15/24
..
7,839
7,617
6670038.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
2,853
2,758
6670139.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
19,611
18,847
6670930.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
1,863
1,802
6671040.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
9,138
8,767
6671308.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
9,045
8,512
6671496.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
61,398
58,769
6672691.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
4,537
4,351
6672979.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
2,177
2,013
6673025.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
3,169
3,011
6673073.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
1,664
1,603
6673119.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
3,162
2,870
6673149.SQ.FTS.B,
Zero
Cpn,
11/16/24
..
26,662
25,574
6673494.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
1,812
1,759
6673940.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
1,901
1,850
6674048.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
1,071
1,034
6674161.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
950
918
6674204.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
6,179
5,040
6674370.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
14,105
13,453
6674734.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
17,131
16,024
6675087.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
10,258
9,913
6675328.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
12,173
11,751
6675685.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
8,887
8,144
6675824.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
5,403
5,084
6675923.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
785
758
6675938.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
590
572
6675956.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
2,224
2,130
6676032.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
11,926
11,383
6676232.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
1,521
1,464
6676291.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
4,362
3,851
6676371.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
15,198
13,423
6676599.SQ.FTS.B,
Zero
Cpn,
11/17/24
..
8,154
7,850
6678246.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
1,197
1,076
6678307.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
2,949
2,807
6678361.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
1,354
1,168
6678386.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
857
800
6678411.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
1,020
989
6678469.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
1,364
1,313
6678521.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
2,241
2,154
6678591.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
4,836
4,522
6678676.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
17,752
16,915
6679131.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
17,082
16,482
6679804.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
3,945
3,780
6679967.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
82,043
73,814
6681296.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
2,661
2,536
6681357.SQ.FTS.B,
Zero
Cpn,
11/18/24
..
31,878
30,770
6681711.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
5,616
5,368
6681923.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
28,739
27,618
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6682978.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
$
16,481
$
15,584
6683503.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
7,891
7,403
6683681.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
2,061
1,921
6683733.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
47,855
45,254
6684346.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
13,779
13,253
6684545.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
2,081
1,946
6684662.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
2,742
2,624
6684715.SQ.FTS.B,
Zero
Cpn,
11/19/24
..
76,360
73,237
6685010.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
5,831
4,945
6685085.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
8,384
7,841
6685190.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
11,848
9,363
6685341.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
6,435
5,564
6685433.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
8,206
7,097
6685518.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
4,210
4,021
6685585.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
3,543
3,328
6685648.SQ.FTS.B,
Zero
Cpn,
11/20/24
..
1,219
1,189
6685699.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
1,651
1,371
6685736.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
587
575
6685767.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
274
269
6685770.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
462
448
6685784.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
6,280
5,914
6685864.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
569
539
6685873.SQ.FTS.B,
Zero
Cpn,
11/21/24
..
26,620
25,384
6686438.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
3,812
3,654
6686604.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
467
454
6686672.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
11,054
10,679
6687428.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
6,597
6,301
6687588.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
2,268
2,180
6687666.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
31,569
29,999
6688278.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
4,972
4,679
6688386.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
8,611
8,259
6688601.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
6,752
6,388
6688732.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
13,431
12,564
6689010.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
2,572
2,469
6689080.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
5,135
4,836
6689193.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
3,489
3,327
6689286.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
1,025
998
6689327.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
19,684
18,202
6689685.SQ.FTS.B,
Zero
Cpn,
11/22/24
..
10,382
9,980
6689857.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
2,559
2,458
6689967.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
78,088
75,030
6692235.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
2,770
2,647
6692358.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
3,463
3,006
6692474.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
8,201
7,661
6692667.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
4,235
4,082
6692830.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
1,802
1,709
6692888.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
5,850
5,550
6693018.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
11,582
9,868
6693216.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
1,194
1,073
6693224.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
3,116
2,974
6693251.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
4,605
4,431
6693317.SQ.FTS.B,
Zero
Cpn,
11/23/24
..
14,174
13,581
6693424.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
57,422
55,044
6694870.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
7,800
7,522
6695264.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
10,898
10,536
6695674.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
913
885
6695702.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
3,168
3,004
6695719.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
1,164
1,093
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
183
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6695725.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
$
3,452
$
3,281
6695787.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
18,003
17,251
6696079.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
532
517
6696092.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
1,280
1,236
6696108.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
2,152
2,056
6696309.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
1,561
1,467
6696348.SQ.FTS.B,
Zero
Cpn,
11/24/24
..
4,106
3,940
6699676.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
3,008
2,569
6699767.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
6,955
6,277
6699893.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
77,893
74,094
6701805.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
17,409
16,561
6702439.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
2,494
2,251
6702511.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
22,705
21,576
6702862.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
5,493
4,992
6702952.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
10,666
10,288
6703221.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
18,041
17,134
6703630.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
7,830
7,556
6703831.SQ.FTS.B,
Zero
Cpn,
11/25/24
..
9,971
9,554
6704162.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
10,044
9,520
6704399.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
24,314
23,290
6705222.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
8,664
8,315
6705567.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
11,833
11,337
6705796.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
9,630
9,012
6705948.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
495
480
6705980.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
1,358
1,309
6706007.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
2,533
2,371
6706059.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
6,200
5,956
6706218.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
4,410
4,230
6706381.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
1,809
1,703
6706407.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
1,681
1,629
6706476.SQ.FTS.B,
Zero
Cpn,
11/26/24
..
95,853
91,566
6707224.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
473
445
6707248.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
12,762
12,114
6707440.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
7,240
6,891
6707586.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
9,636
8,878
6707733.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
6,555
6,168
6707813.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
2,561
2,445
6707860.SQ.FTS.B,
Zero
Cpn,
11/27/24
..
5,510
5,212
6707939.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
4,582
4,426
6708044.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
6,748
6,552
6708280.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
2,485
2,376
6708324.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
16,181
15,286
6708561.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
2,931
2,744
6708598.SQ.FTS.B,
Zero
Cpn,
11/28/24
..
6,671
6,333
6708688.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
18,957
15,750
6708926.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
1,777
1,733
6708969.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
14,457
13,026
6709168.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
33,347
30,161
6709443.SQ.FTS.B,
Zero
Cpn,
11/29/24
..
27,742
25,091
6709813.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
2,968
2,860
6712926.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
2,232
2,142
6713013.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
1,389
1,324
6713039.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
3,646
3,512
6713155.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
1,273
1,114
6713268.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
454
436
6713480.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
32,033
30,795
6714482.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
302
292
6714496.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
9,986
9,482
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6714723.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
$
3,801
$
3,639
6714779.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
1,583
1,506
6714824.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
5,311
5,083
6715146.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
1,261
1,138
6715182.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
12,819
12,146
6715492.SQ.FTS.B,
Zero
Cpn,
11/30/24
..
68,232
63,257
6717870.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
53,817
51,399
6719237.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
4,898
4,694
6719370.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
5,116
4,925
6719567.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
95,700
86,665
6721629.SQ.FTS.B,
Zero
Cpn,
12/01/24
..
18,475
17,671
6722019.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
3,762
3,604
6722260.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
29,851
28,546
6723175.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
6,232
5,958
6723368.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
840
785
6723394.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
71,298
67,953
6724991.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
13,488
12,927
6725305.SQ.FTS.B,
Zero
Cpn,
12/02/24
..
30,804
29,593
6725594.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
1,531
1,424
6725625.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
1,036
994
6725642.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
5,807
5,477
6725726.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
8,826
8,428
6725821.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
4,665
4,414
6725887.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
1,047
1,010
6725905.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
5,015
4,705
6725980.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
1,941
1,887
6726051.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
2,586
2,502
6726121.SQ.FTS.B,
Zero
Cpn,
12/03/24
..
793
760
6726142.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
2,303
2,026
6726167.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
2,685
2,491
6726212.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
3,933
3,655
6726269.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
1,577
1,477
6726291.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
3,663
3,511
6726348.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
1,407
1,336
6726378.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
2,752
2,645
6726420.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
753
722
6726438.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
1,859
1,757
6726466.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
1,521
1,434
6726497.SQ.FTS.B,
Zero
Cpn,
12/04/24
..
5,135
4,914
6726811.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
3,488
3,373
6727057.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
8,070
7,733
6727537.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
5,971
5,775
6727915.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
2,379
2,233
6727972.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
50,129
48,002
6728835.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
72,267
69,117
6729900.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
1,885
1,803
6729927.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
1,014
865
6729950.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
1,393
1,336
6730003.SQ.FTS.B,
Zero
Cpn,
12/05/24
..
16,643
15,742
6730202.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
32,989
31,255
6730660.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
1,348
1,301
6730696.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
420
407
6730714.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
26,277
25,169
6731337.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
991
946
6731356.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
3,762
3,622
6731469.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
2,716
2,595
6731540.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
1,479
1,378
6731579.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
4,771
4,599
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
184
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6731723.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
$
898
$
869
6731756.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
3,953
3,824
6731878.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
1,677
1,604
6731951.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
54,805
52,592
6732965.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
12,273
11,798
6733223.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
8,650
8,276
6733364.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
5,441
5,234
6733499.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
11,018
9,566
6733706.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
2,294
2,195
6733739.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
2,425
2,005
6733783.SQ.FTS.B,
Zero
Cpn,
12/06/24
..
3,074
2,945
6733826.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
60,325
57,745
6735811.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
7,213
6,885
6735952.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
1,628
1,561
6735974.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
2,658
2,559
6736060.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
2,671
2,526
6736146.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
4,109
3,572
6736205.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
1,414
1,376
6736304.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
5,557
5,327
6736430.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
10,777
9,508
6736665.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
7,831
7,329
6736854.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
1,001
937
6736881.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
15,361
13,355
6737087.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
4,598
4,358
6737233.SQ.FTS.B,
Zero
Cpn,
12/07/24
..
9,825
9,227
6739379.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
1,421
1,336
6739425.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
12,316
11,711
6739825.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
3,425
3,249
6739997.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
2,308
2,205
6740087.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
4,317
4,133
6740277.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
9,116
8,752
6740570.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
2,080
1,992
6740654.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
6,900
6,608
6740937.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
11,953
11,409
6741242.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
2,815
2,666
6741301.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
41,308
39,187
6742371.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
14,674
13,629
6742767.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
1,740
1,514
6742816.SQ.FTS.B,
Zero
Cpn,
12/08/24
..
6,772
6,477
6742967.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
9,773
9,357
6743301.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
3,056
2,923
6743428.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
1,813
1,705
6743638.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
940
901
6743668.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
7,716
7,258
6743884.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
1,044
1,000
6743916.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
2,392
2,244
6744044.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
1,335
1,221
6744107.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
20,172
18,955
6744525.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
61,720
58,076
6745680.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
1,626
1,545
6745801.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
6,192
5,944
6745918.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
6,880
6,004
6745997.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
5,943
5,683
6746110.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
6,621
5,950
6746216.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
1,736
1,632
6746241.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
3,141
2,829
6746263.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
2,060
1,955
6746273.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
3,687
3,460
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6746302.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
$
7,759
$
7,365
6746397.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
7,263
6,943
6746485.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
5,153
4,934
6746554.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
9,118
8,714
6746628.SQ.FTS.B,
Zero
Cpn,
12/09/24
..
3,352
3,180
6746684.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
826
801
6746721.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
2,016
1,779
6746754.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
10,650
9,880
6746943.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
729
695
6746955.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
3,097
2,960
6747009.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
9,376
8,878
6747124.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
2,279
2,179
6747167.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
4,304
4,046
6747235.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
3,203
3,010
6747276.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
2,765
2,623
6747304.SQ.FTS.B,
Zero
Cpn,
12/10/24
..
12,233
11,633
6747469.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
658
634
6747494.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
3,031
2,894
6747544.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
1,288
1,243
6747587.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
15,418
14,725
6747804.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
9,910
9,410
6747924.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
1,203
1,161
6747952.SQ.FTS.B,
Zero
Cpn,
12/11/24
..
12,437
11,327
6748242.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
11,625
11,112
6748637.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
2,170
1,968
6748703.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
1,420
1,373
6748791.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
2,559
2,436
6748869.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
9,867
9,472
6749144.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
7,546
7,015
6749349.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
1,242
1,074
6749398.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
2,447
2,368
6749471.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
1,638
1,542
6749513.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
8,731
7,333
6749746.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
33,492
31,973
6750398.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
583
530
6750403.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
25,773
24,762
6750769.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
23,884
22,752
6751088.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
2,209
2,112
6751129.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
14,971
13,109
6751337.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
3,175
3,028
6751404.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
13,570
12,853
6751634.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
609
573
6751650.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
2,143
2,046
6751685.SQ.FTS.B,
Zero
Cpn,
12/12/24
..
8,899
8,517
6751957.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
12,296
11,755
6752342.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
1,925
1,842
6752437.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
38,977
36,912
6753381.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
1,856
1,780
6753422.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
1,864
1,814
6753527.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
7,522
7,171
6753751.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
3,087
2,946
6753818.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
4,966
4,709
6753939.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
744
722
6753977.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
7,067
6,239
6754047.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
1,546
1,465
6754071.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
9,476
9,046
6754206.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
4,999
4,849
6754409.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
10,256
9,821
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
185
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6754538.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
$
3,460
$
3,313
6754598.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
7,268
6,415
6754762.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
16,374
15,656
6755045.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
14,350
13,724
6755320.SQ.FTS.B,
Zero
Cpn,
12/13/24
..
2,503
2,408
6755410.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
9,391
9,103
6755796.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
2,726
2,583
6755928.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
6,514
6,229
6756158.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
1,338
1,291
6756227.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
13,064
12,497
6756559.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
899
819
6756576.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
1,776
1,699
6756607.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
10,925
10,253
6756802.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
6,515
6,061
6756917.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
9,631
8,787
6757094.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
1,400
1,327
6757113.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
2,684
2,566
6757158.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
6,967
6,662
6757233.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
9,634
8,699
6757452.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
13,136
12,569
6757700.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
5,739
5,471
6757818.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
5,446
5,187
6757956.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
28,203
26,801
6758549.SQ.FTS.B,
Zero
Cpn,
12/14/24
..
37,714
35,992
6762025.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
1,553
1,490
6762119.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
2,532
2,398
6762205.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
25,096
23,813
6763190.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
861
825
6763223.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
7,227
6,344
6763456.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
10,121
9,583
6763757.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
3,363
3,156
6763900.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
5,506
5,303
6764013.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
40,923
38,155
6764853.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
9,626
9,232
6765118.SQ.FTS.B,
Zero
Cpn,
12/15/24
..
20,409
19,372
6765702.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
14,954
14,292
6766402.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
912
868
6766456.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
1,152
1,103
6766526.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
1,137
1,094
6766583.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
26,002
24,974
6767534.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
1,855
1,771
6767631.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
1,011
880
6767653.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
28,419
27,217
6768219.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
22,679
20,501
6768653.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
8,196
7,409
6768868.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
596
573
6768886.SQ.FTS.B,
Zero
Cpn,
12/16/24
..
18,419
15,588
6769014.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
912
872
6769027.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
577
559
6769038.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
11,250
10,727
6769216.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
3,337
3,186
6769266.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
3,331
3,132
6769323.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
2,866
2,740
6769363.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
8,126
7,748
6769470.SQ.FTS.B,
Zero
Cpn,
12/17/24
..
11,264
10,662
6769655.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
10,057
8,896
6769824.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
10,135
9,654
6769981.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
6,716
6,259
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6770082.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
$
2,849
$
2,680
6770130.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
1,468
1,358
6770166.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
2,185
1,985
6770205.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
1,754
1,675
6770233.SQ.FTS.B,
Zero
Cpn,
12/18/24
..
8,330
7,985
6770375.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
3,796
3,482
6770447.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
5,426
5,167
6770524.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
3,436
3,227
6770571.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
2,750
2,653
6770614.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
1,973
1,846
6770639.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
7,398
7,046
6770747.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
18,425
17,687
6771008.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
1,815
1,698
6771044.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
5,395
5,023
6771090.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
24,892
23,434
6771290.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
2,183
2,074
6771319.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
8,751
7,748
6771439.SQ.FTS.B,
Zero
Cpn,
12/19/24
..
21,695
20,712
6771935.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
9,288
8,929
6772330.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
5,125
4,952
6772556.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
964
919
6772580.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
3,093
2,951
6772647.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
2,670
2,550
6772703.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
5,170
4,734
6772789.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
54,296
51,702
6773679.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
19,452
18,526
6773937.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
4,813
4,592
6774026.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
5,034
4,780
6774068.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
981
938
6774077.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
6,468
5,909
6774158.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
29,069
27,117
6774418.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
3,460
3,148
6774456.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
5,657
5,400
6774520.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
3,292
3,138
6774554.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
530
507
6774564.SQ.FTS.B,
Zero
Cpn,
12/20/24
..
57,461
54,524
6774960.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
19,481
18,655
6775508.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
1,199
1,128
6775543.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
2,852
2,728
6775594.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
995
958
6775621.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
2,460
2,350
6775675.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
4,456
4,261
6775743.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
16,305
15,411
6775989.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
6,673
6,366
6776041.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
608
572
6776044.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
1,295
1,244
6776086.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
49,990
47,614
6776773.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
58,728
50,865
6777474.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
2,812
2,702
6777525.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
12,318
11,835
6777734.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
458
439
6777742.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
3,674
3,182
6777826.SQ.FTS.B,
Zero
Cpn,
12/21/24
..
11,330
10,820
6779449.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
25,268
23,550
6780192.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
5,667
5,377
6780389.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
26,840
25,660
6780993.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
6,677
6,373
6781121.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
53,721
51,367
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
186
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6782184.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
$
12,351
$
11,218
6782415.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
10,189
9,699
6782781.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
1,928
1,841
6782819.SQ.FTS.B,
Zero
Cpn,
12/22/24
..
19,600
18,745
6782881.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
1,821
1,451
6783006.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
11,294
10,627
6783377.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
3,475
2,658
6783525.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
2,299
2,151
6783818.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
7,003
6,420
6784131.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
1,542
1,483
6784192.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
1,444
1,151
6784212.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
3,110
2,951
6784251.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
6,339
5,811
6784370.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
1,497
1,427
6784413.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
3,444
3,277
6784494.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
3,641
3,425
6784546.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
2,336
2,229
6784568.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
660
630
6784582.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
2,077
1,943
6784616.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
13,566
11,642
6784806.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
4,968
4,618
6784963.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
3,757
3,606
6785099.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
3,634
3,456
6785241.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
2,842
2,706
6785321.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
763
734
6785344.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
3,920
3,767
6785421.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
2,056
1,944
6785456.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
4,159
3,970
6785517.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
19,735
18,378
6785919.SQ.FTS.B,
Zero
Cpn,
12/23/24
..
14,997
14,479
6785944.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
9,081
8,719
6786064.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
19,221
17,978
6786325.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
2,349
2,240
6786344.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
910
822
6786360.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
1,533
1,449
6786373.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
1,181
1,096
6786396.SQ.FTS.B,
Zero
Cpn,
12/24/24
..
14,010
13,354
6786597.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
1,190
1,145
6786619.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
8,229
7,864
6786739.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
2,723
2,620
6786785.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
10,171
9,733
6786973.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
1,374
1,159
6786989.SQ.FTS.B,
Zero
Cpn,
12/25/24
..
19,162
17,460
6787493.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
1,450
1,291
6787599.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
5,467
5,252
6787877.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
397
382
6788024.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
4,470
4,256
6788197.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
4,831
4,613
6788339.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
2,605
2,485
6788374.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
10,732
10,224
6788602.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
11,320
10,253
6788880.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
1,252
1,083
6788927.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
29,567
28,167
6789446.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
7,067
6,447
6789675.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
3,886
3,685
6789758.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
9,405
8,906
6789965.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
13,874
13,154
6790293.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
5,686
5,427
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6790433.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
$
926
$
825
6790471.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
1,683
1,596
6790513.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
2,877
2,641
6790574.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
1,758
1,690
6790602.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
7,053
6,742
6790761.SQ.FTS.B,
Zero
Cpn,
12/26/24
..
34,741
33,208
6790995.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
6,275
6,040
6791327.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
2,603
2,376
6791378.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
1,714
1,636
6791649.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
9,358
8,317
6791916.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
11,897
11,292
6792140.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
94
87
6792145.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
992
869
6792158.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
1,546
1,475
6792194.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
1,644
1,537
6792243.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
2,059
1,949
6792282.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
1,748
1,618
6792331.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
3,101
2,925
6792368.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
784
715
6792381.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
6,822
6,515
6792515.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
1,590
1,525
6792564.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
39,825
36,587
6793944.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
7,439
7,078
6794056.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
1,117
1,061
6794078.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
4,191
3,765
6794139.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
4,357
4,120
6794225.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
2,251
2,022
6794243.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
12,036
11,464
6794361.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
4,526
4,357
6794442.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
7,971
7,673
6794659.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
5,018
4,783
6794727.SQ.FTS.B,
Zero
Cpn,
12/27/24
..
20,640
19,635
6795128.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
5,302
4,873
6795359.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
3,432
3,167
6795487.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
35,967
33,582
6796258.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
18,562
17,026
6796611.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
8,785
8,123
6796705.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,839
1,684
6796729.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
3,348
3,128
6796780.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
5,980
5,236
6797004.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
2,574
2,396
6797024.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
7,627
7,065
6797088.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
7,991
7,327
6797179.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
2,162
1,985
6797209.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,460
1,355
6797239.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
558
519
6797255.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
9,752
9,146
6797396.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
29,344
27,039
6797860.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
3,417
3,169
6797913.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,823
1,694
6797945.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
7,099
6,658
6798024.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
969
888
6798029.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
1,669
1,530
6798052.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
3,044
2,807
6798091.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
5,208
4,847
6798168.SQ.FTS.B,
Zero
Cpn,
12/28/24
..
12,093
11,125
6800047.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
14,748
13,619
6800307.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
1,956
1,812
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
187
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6800352.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
$
3,201
$
2,992
6800430.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
37,052
33,816
6801281.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
1,161
1,074
6801283.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
3,009
2,692
6801402.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
10,123
9,329
6801584.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
5,425
5,048
6801653.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
8,939
8,263
6801805.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
2,294
2,094
6801884.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
1,234
1,139
6801908.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
7,279
6,823
6801990.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
26,935
24,745
6802509.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
2,200
2,033
6802539.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
8,513
7,948
6802644.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
2,655
2,438
6802672.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
7,242
6,706
6802795.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
1,014
942
6802838.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
2,533
2,364
6802903.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
17,969
16,725
6803108.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
9,201
8,622
6803225.SQ.FTS.B,
Zero
Cpn,
12/29/24
..
21,957
20,300
6804687.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
50,949
46,768
6805878.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
21,192
19,474
6806349.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
3,696
3,450
6806401.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
1,011
922
6806417.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
37,689
35,098
6807272.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
1,139
1,063
6807287.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
2,596
2,387
6807324.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
3,556
3,268
6807410.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
4,850
4,441
6807533.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
9,824
9,063
6807715.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
4,539
4,202
6807789.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
2,543
2,375
6807834.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
2,769
2,595
6807877.SQ.FTS.B,
Zero
Cpn,
12/30/24
..
52,443
48,508
6808138.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
42,708
40,026
6808612.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
3,190
2,990
6808662.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
2,221
1,978
6808725.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
7,124
6,650
6808839.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
6,035
5,617
6808913.SQ.FTS.B,
Zero
Cpn,
1/01/25
...
12,849
11,802
6809065.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
16,597
15,486
6809289.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
26,657
24,801
6809663.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
4,019
3,763
6809707.SQ.FTS.B,
Zero
Cpn,
1/02/25
...
6,469
5,977
6809955.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
13,106
12,279
6810392.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
745
691
6810404.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
1,984
1,817
6810520.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
2,422
2,216
6810581.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
37,494
34,592
6811214.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
3,116
2,900
6811260.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
1,898
1,723
6811299.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
1,412
1,307
6811311.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
1,648
1,510
6811347.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
2,305
2,112
6811385.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
2,681
2,446
6811435.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
12,586
11,792
6811597.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
1,439
1,332
6811621.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
4,767
4,401
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6811726.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
$
1,250
$
1,151
6811743.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
2,577
2,365
6811790.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
3,943
3,603
6811879.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
5,035
4,718
6811959.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
8,389
7,663
6812155.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
2,407
2,177
6812200.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
22,558
20,980
6812665.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
833
762
6812676.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
4,476
4,141
6812757.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
1,069
982
6812766.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
1,890
1,759
6812774.SQ.FTS.B,
Zero
Cpn,
1/03/25
...
29,830
27,478
6813249.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
2,328
2,136
6813278.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
2,000
1,830
6813309.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
4,150
3,858
6813361.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
3,825
3,529
6813416.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
7,345
6,881
6813515.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
5,465
5,084
6813591.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
29,758
27,875
6813956.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
2,979
2,752
6813994.SQ.FTS.B,
Zero
Cpn,
1/04/25
...
1,347
1,231
6814032.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
1,574
1,455
6814107.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
15,937
14,824
6814702.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
31,850
29,049
6815335.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
20,179
18,558
6815678.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
76,657
70,985
6816767.SQ.FTS.B,
Zero
Cpn,
1/05/25
...
54,656
50,907
6818923.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
3,521
3,238
6818998.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
27,087
25,258
6819674.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
42,545
39,332
6820662.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
9,051
8,414
6820784.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
19,075
17,682
6820991.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
47,596
44,087
6821755.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
2,906
2,677
6821796.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
34,822
32,294
6822419.SQ.FTS.B,
Zero
Cpn,
1/06/25
...
10,745
9,966
6822498.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
1,256
1,150
6822538.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
13,826
12,815
6822755.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
8,504
7,835
6822938.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
14,555
13,045
6823468.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
3,968
3,686
6823543.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
11,869
10,931
6823837.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
20,840
19,074
6824326.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
971
886
6824339.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
3,694
3,407
6824398.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
2,298
2,107
6824434.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
10,779
10,098
6824604.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
1,954
1,788
6824646.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
10,403
9,609
6824809.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
2,259
2,060
6824858.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
3,301
3,070
6824903.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
29,138
27,003
6825442.SQ.FTS.B,
Zero
Cpn,
1/07/25
...
24,093
22,565
6825758.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
15,016
13,908
6826047.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
11,376
10,615
6826244.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
2,584
2,354
6826286.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
20,650
19,246
6826594.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
1,053
964
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
188
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6826612.SQ.FTS.B,
Zero
Cpn,
1/08/25
...
$
9,134
$
8,490
6826743.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
10,638
9,857
6826874.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
10,850
9,912
6826997.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
3,349
3,123
6827049.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
2,932
2,707
6827085.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
2,261
2,106
6827102.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
14,656
13,590
6827291.SQ.FTS.B,
Zero
Cpn,
1/09/25
...
5,094
4,728
6827377.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
17,528
16,219
6828390.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
7,791
7,298
6828557.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
21,622
20,106
6828943.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
695
635
6828948.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
3,228
2,986
6828987.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
2,705
2,487
6829005.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,019
933
6829019.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
6,579
6,027
6829104.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,064
976
6829109.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,400
1,259
6829128.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
4,104
3,753
6829142.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
5,252
4,896
6829166.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,735
1,600
6829171.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
53,547
50,145
6829544.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
15,186
13,894
6829684.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
2,186
2,031
6829704.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
7,039
6,594
6829761.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
14,747
13,460
6830215.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
8,170
7,615
6830275.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,749
1,616
6830306.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
7,554
7,075
6830462.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
1,060
990
6830484.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
7,469
6,854
6830625.SQ.FTS.B,
Zero
Cpn,
1/10/25
...
18,204
16,666
6830672.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
12,619
11,467
6831034.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
7,492
6,959
6831215.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
2,822
2,568
6831326.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
12,022
11,258
6831530.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
14,726
13,696
6831833.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
2,036
1,847
6831867.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
2,768
2,521
6831935.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
14,892
13,828
6832199.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
5,714
5,295
6832295.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
2,543
2,339
6832320.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
15,735
14,530
6832516.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
10,609
9,937
6832744.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
24,079
22,246
6833213.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
3,249
2,993
6833270.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
8,477
7,876
6833370.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
554
513
6833373.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
4,360
4,084
6833417.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
1,747
1,623
6833436.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
5,867
5,429
6833495.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
1,469
1,349
6833534.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
4,604
4,211
6833607.SQ.FTS.B,
Zero
Cpn,
1/11/25
...
28,575
26,560
6833876.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
11,267
10,471
6834157.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
15,589
14,361
6834530.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
26,194
24,279
6835094.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
13,329
12,367
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6835300.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
$
38,525
$
35,798
6835850.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
1,666
1,538
6835883.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
536
495
6835888.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
14,299
13,388
6836010.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
10,965
10,108
6836244.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
2,620
2,435
6836285.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
7,637
7,152
6836420.SQ.FTS.B,
Zero
Cpn,
1/12/25
...
91,430
84,748
6838455.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
14,708
13,633
6838837.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
1,959
1,791
6838979.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
5,549
5,196
6839211.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
8,344
7,697
6839450.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
590
548
6839462.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
2,287
2,103
6839507.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
1,075
981
6839536.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
12,368
11,491
6839893.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
6,500
6,038
6840051.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
9,795
8,989
6840209.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
3,400
3,096
6840245.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
14,295
13,132
6840558.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
16,669
15,492
6840904.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
4,305
3,976
6841366.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
10,269
9,617
6841524.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
844
786
6841549.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
12,085
11,165
6841844.SQ.FTS.B,
Zero
Cpn,
1/13/25
...
17,549
16,119
6842195.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
1,471
1,346
6842278.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
4,939
4,622
6842447.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
16,899
15,487
6843066.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
13,944
12,666
6843447.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
2,080
1,904
6843514.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
5,600
5,243
6843676.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
21,735
20,338
6843976.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
15,349
14,182
6844256.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
772
714
6844269.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
6,585
6,141
6844405.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
9,626
8,870
6844517.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
626
584
6844523.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
12,765
11,948
6844717.SQ.FTS.B,
Zero
Cpn,
1/14/25
...
28,345
26,197
6845307.SQ.FTS.B,
Zero
Cpn,
1/15/25
...
3,859
3,565
6845361.SQ.FTS.B,
Zero
Cpn,
1/15/25
...
4,464
4,111
6845418.SQ.FTS.B,
Zero
Cpn,
1/15/25
...
4,138
3,800
6845464.SQ.FTS.B,
Zero
Cpn,
1/15/25
...
4,823
4,447
6845530.SQ.FTS.B,
Zero
Cpn,
1/15/25
...
5,188
4,810
6845639.SQ.FTS.B,
Zero
Cpn,
1/15/25
...
21,673
20,126
6845952.SQ.FTS.B,
Zero
Cpn,
1/15/25
...
12,842
12,019
6846112.SQ.FTS.B,
Zero
Cpn,
1/15/25
...
5,985
5,528
6846195.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
4,895
4,468
6846263.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
8,474
7,788
6846369.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
1,539
1,434
6846393.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
2,095
1,929
6846419.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
16,048
15,018
6846633.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
5,671
5,237
6846703.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
1,759
1,610
6846724.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
1,745
1,594
6846752.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
2,765
2,533
6846791.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
1,409
1,269
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
189
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6846816.SQ.FTS.B,
Zero
Cpn,
1/16/25
...
$
27,287
$
25,047
6847603.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
19,557
18,013
6848002.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
10,480
9,773
6848139.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
23,181
21,613
6848392.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
5,533
5,140
6848489.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
1,961
1,820
6848514.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
6,318
5,765
6848591.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
13,445
12,583
6848819.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
3,609
3,364
6848857.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
2,939
2,693
6848902.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
5,246
4,813
6848973.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
20,104
18,549
6849274.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
22,196
20,358
6849620.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
3,583
3,353
6849672.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
34,962
32,233
6850168.SQ.FTS.B,
Zero
Cpn,
1/17/25
...
12,325
11,392
6850371.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
17,198
15,830
6850739.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
33,131
31,005
6851470.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
563
517
6851480.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
3,135
2,890
6851525.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
2,457
2,267
6851579.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
2,239
2,063
6851609.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
3,284
3,073
6851686.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
26,464
24,289
6852063.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
1,320
1,200
6852083.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
439
379
6852102.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
10,830
10,093
6852271.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
28,450
26,407
6852585.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
16,150
15,113
6852868.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
4,208
3,879
6852970.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
26,880
24,974
6853312.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
3,507
3,268
6853388.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
5,503
5,096
6853524.SQ.FTS.B,
Zero
Cpn,
1/18/25
...
13,719
12,485
6853608.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
15,400
14,269
6853937.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
24,858
22,975
6854592.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
5,235
4,895
6854721.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
11,997
11,226
6854979.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
16,385
14,972
6855173.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
3,501
3,236
6855211.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,951
1,767
6855253.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
1,462
1,333
6855270.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
66,330
61,439
6856309.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
2,689
2,473
6856330.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
2,784
2,585
6856365.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
6,765
6,262
6856478.SQ.FTS.B,
Zero
Cpn,
1/19/25
...
17,450
16,267
6858168.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
7,681
7,128
6858335.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
3,442
3,142
6858443.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
907
836
6858466.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
7,608
7,105
6858760.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
5,812
5,416
6858945.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
670
626
6858955.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
7,277
6,807
6859079.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
2,275
2,106
6859133.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
56,234
52,594
6860424.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
4,553
4,195
6860515.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
7,574
7,085
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6860701.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
$
5,147
$
4,753
6860790.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
8,616
7,899
6860905.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
7,024
6,522
6861047.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
5,601
5,219
6861105.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
18,295
17,046
6861352.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
1,265
1,166
6861359.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
2,387
2,196
6861397.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
5,275
4,896
6861516.SQ.FTS.B,
Zero
Cpn,
1/20/25
...
5,649
5,235
6861616.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
5,575
5,175
6861796.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
8,564
7,831
6862007.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
4,955
4,546
6862190.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
2,167
2,004
6862302.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
1,147
1,057
6862333.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
2,467
2,257
6862405.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
7,259
6,790
6862530.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
25,607
23,512
6863061.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
738
681
6863090.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
47,116
43,061
6863964.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
2,307
2,117
6864013.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
11,686
10,930
6864270.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
7,712
7,162
6864423.SQ.FTS.B,
Zero
Cpn,
1/21/25
...
18,906
17,464
6864610.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
1,094
1,017
6864651.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
3,400
3,156
6864699.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
795
735
6864707.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
6,290
5,772
6864775.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
3,129
2,881
6864814.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
3,852
3,567
6864850.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
7,232
6,763
6864955.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
16,809
15,517
6865115.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
1,319
1,199
6865136.SQ.FTS.B,
Zero
Cpn,
1/22/25
...
28,478
26,440
6865479.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
5,934
5,424
6865532.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
1,105
1,008
6865550.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
2,395
2,239
6865584.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
17,870
16,550
6865790.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
5,348
4,938
6865856.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
1,599
1,459
6865878.SQ.FTS.B,
Zero
Cpn,
1/23/25
...
19,031
17,615
6866581.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
10,295
9,590
6866845.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
12,375
11,574
6867082.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
44,084
40,722
6867693.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
8,912
8,334
6867808.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
46,830
43,622
6868283.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
5,181
4,787
6868345.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
25,777
23,776
6868603.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
2,175
1,981
6868623.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
2,697
2,491
6868656.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
2,657
2,420
6868687.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
6,797
6,311
6868793.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
28,131
25,731
6869170.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
3,560
3,257
6869210.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
15,021
13,712
6869352.SQ.FTS.B,
Zero
Cpn,
1/24/25
...
58,677
54,049
6869515.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
8,727
8,128
6869814.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
1,158
1,054
6869871.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
9,516
8,899
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
190
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
6870099.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
$
5,884
$
5,492
6870299.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
15,323
14,269
6870620.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
5,563
5,084
6870740.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
8,021
7,358
6870869.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
10,591
9,829
6870949.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
5,349
4,901
6870993.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
11,825
10,979
6871091.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
30,156
28,198
6871457.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
46,788
43,436
6871898.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
29,720
27,793
6872319.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
12,495
11,598
6872485.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
3,692
3,408
6872536.SQ.FTS.B,
Zero
Cpn,
1/25/25
...
22,869
21,063
6872655.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
3,482
3,256
6872723.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
6,763
6,242
6872847.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
3,351
3,132
6872904.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
23,841
22,008
6873475.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
3,341
3,124
6873558.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
2,797
2,589
6873613.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
5,867
5,367
6873690.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
33,801
31,606
6874128.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
22,504
20,958
6874444.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
62,116
57,851
6875301.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
8,226
7,577
6875382.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
7,490
6,950
6875513.SQ.FTS.B,
Zero
Cpn,
1/26/25
...
43,840
40,989
4581962.SQ.FTS.B,
Zero
Cpn,
4/03/33
...
1,796
50
4581979.SQ.FTS.B,
Zero
Cpn,
4/03/33
...
2,035
143
4582384.SQ.FTS.B,
Zero
Cpn,
4/03/33
...
863
66
4586446.SQ.FTS.B,
Zero
Cpn,
4/04/33
...
5,636
271
4590729.SQ.FTS.B,
Zero
Cpn,
4/06/33
...
1,383
75
4591813.SQ.FTS.B,
Zero
Cpn,
4/06/33
...
2,891
142
4591961.SQ.FTS.B,
Zero
Cpn,
4/06/33
...
1,338
90
4592572.SQ.FTS.B,
Zero
Cpn,
4/06/33
...
449
22
4593610.SQ.FTS.B,
Zero
Cpn,
4/06/33
...
1,504
82
4604000.SQ.FTS.B,
Zero
Cpn,
4/09/33
...
8,181
597
4604804.SQ.FTS.B,
Zero
Cpn,
4/09/33
...
785
23
4605063.SQ.FTS.B,
Zero
Cpn,
4/10/33
...
1,320
43
4605658.SQ.FTS.B,
Zero
Cpn,
4/10/33
...
6,711
499
4606063.SQ.FTS.B,
Zero
Cpn,
4/11/33
...
2,752
177
4606489.SQ.FTS.B,
Zero
Cpn,
4/11/33
...
12,498
439
4606620.SQ.FTS.B,
Zero
Cpn,
4/11/33
...
668
48
4606932.SQ.FTS.B,
Zero
Cpn,
4/11/33
...
2,572
165
4609460.SQ.FTS.B,
Zero
Cpn,
4/12/33
...
2,479
160
4609493.SQ.FTS.B,
Zero
Cpn,
4/12/33
...
1,353
100
4610482.SQ.FTS.B,
Zero
Cpn,
4/13/33
...
3,367
223
4622664.SQ.FTS.B,
Zero
Cpn,
4/15/33
...
3,107
129
4622864.SQ.FTS.B,
Zero
Cpn,
4/15/33
...
782
51
4624391.SQ.FTS.B,
Zero
Cpn,
4/17/33
...
3,087
166
4624796.SQ.FTS.B,
Zero
Cpn,
4/17/33
...
457
34
4625048.SQ.FTS.B,
Zero
Cpn,
4/17/33
...
871
62
4626040.SQ.FTS.B,
Zero
Cpn,
4/18/33
...
5,792
299
4628862.SQ.FTS.B,
Zero
Cpn,
4/19/33
...
8,296
861
4630710.SQ.FTS.B,
Zero
Cpn,
4/20/33
...
420
24
4632078.SQ.FTS.B,
Zero
Cpn,
4/20/33
...
21,052
678
4638327.SQ.FTS.B,
Zero
Cpn,
4/22/33
...
8,661
455
4639746.SQ.FTS.B,
Zero
Cpn,
4/23/33
...
1,768
145
4640261.SQ.FTS.B,
Zero
Cpn,
4/24/33
...
612
38
Description
Principal
Amount
Value
Block,
Inc.
(continued)
4640985.SQ.FTS.B,
Zero
Cpn,
4/25/33
...
$
1,692
$
198
4641001.SQ.FTS.B,
Zero
Cpn,
4/25/33
...
1,183
102
4641063.SQ.FTS.B,
Zero
Cpn,
4/25/33
...
710
47
4643057.SQ.FTS.B,
Zero
Cpn,
4/25/33
...
704
46
4643805.SQ.FTS.B,
Zero
Cpn,
4/25/33
...
751
40
4649015.SQ.FTS.B,
Zero
Cpn,
4/27/33
...
5,124
293
4649299.SQ.FTS.B,
Zero
Cpn,
4/27/33
...
109
6
4655501.SQ.FTS.B,
Zero
Cpn,
4/29/33
...
4,154
393
4657541.SQ.FTS.B,
Zero
Cpn,
4/30/33
...
836
66
4660081.SQ.FTS.B,
Zero
Cpn,
5/01/33
...
454
30
4664137.SQ.FTS.B,
Zero
Cpn,
5/02/33
...
2,149
191
4666640.SQ.FTS.B,
Zero
Cpn,
5/03/33
...
11,142
1,442
4671393.SQ.FTS.B,
Zero
Cpn,
5/04/33
...
515
48
4674918.SQ.FTS.B,
Zero
Cpn,
5/05/33
...
9,934
801
4675113.SQ.FTS.B,
Zero
Cpn,
5/05/33
...
163
18
4684412.SQ.FTS.B,
Zero
Cpn,
5/08/33
...
2,706
144
4707828.SQ.FTS.B,
Zero
Cpn,
5/11/33
...
69
4
4713712.SQ.FTS.B,
Zero
Cpn,
5/13/33
...
187
19
4720634.SQ.FTS.B,
Zero
Cpn,
5/16/33
...
7,932
930
4725524.SQ.FTS.B,
Zero
Cpn,
5/17/33
...
19,384
2,282
4741690.SQ.FTS.B,
Zero
Cpn,
5/18/33
...
524
38
4744012.SQ.FTS.B,
Zero
Cpn,
5/18/33
...
2,547
325
4755474.SQ.FTS.B,
Zero
Cpn,
5/22/33
...
1,198
136
4756626.SQ.FTS.B,
Zero
Cpn,
5/22/33
...
1,916
184
4757364.SQ.FTS.B,
Zero
Cpn,
5/22/33
...
2,804
230
4776338.SQ.FTS.B,
Zero
Cpn,
5/24/33
...
944
123
4778127.SQ.FTS.B,
Zero
Cpn,
5/24/33
...
120
14
4783176.SQ.FTS.B,
Zero
Cpn,
5/26/33
...
12,516
616
4785691.SQ.FTS.B,
Zero
Cpn,
5/27/33
...
321
53
4790013.SQ.FTS.B,
Zero
Cpn,
5/29/33
...
394
45
4796753.SQ.FTS.B,
Zero
Cpn,
6/01/33
...
591
81
4798341.SQ.FTS.B,
Zero
Cpn,
6/01/33
...
163
19
4798675.SQ.FTS.B,
Zero
Cpn,
6/01/33
...
402
47
4799114.SQ.FTS.B,
Zero
Cpn,
6/01/33
...
56
6
4807316.SQ.FTS.B,
Zero
Cpn,
6/02/33
...
297
44
4807599.SQ.FTS.B,
Zero
Cpn,
6/02/33
...
151
17
4808701.SQ.FTS.B,
Zero
Cpn,
6/02/33
...
55
7
4810447.SQ.FTS.B,
Zero
Cpn,
6/03/33
...
2,379
263
4814556.SQ.FTS.B,
Zero
Cpn,
6/04/33
...
616
63
4814833.SQ.FTS.B,
Zero
Cpn,
6/04/33
...
24,496
4,120
4815651.SQ.FTS.B,
Zero
Cpn,
6/05/33
...
629
49
4818987.SQ.FTS.B,
Zero
Cpn,
6/06/33
...
2,640
398
4819180.SQ.FTS.B,
Zero
Cpn,
6/07/33
...
266
32
4819217.SQ.FTS.B,
Zero
Cpn,
6/07/33
...
15,466
2,213
4820289.SQ.FTS.B,
Zero
Cpn,
6/07/33
...
93
9
4821611.SQ.FTS.B,
Zero
Cpn,
6/08/33
...
702
35
4823342.SQ.FTS.B,
Zero
Cpn,
6/08/33
...
740
41
4824622.SQ.FTS.B,
Zero
Cpn,
6/08/33
...
1,194
152
4827165.SQ.FTS.B,
Zero
Cpn,
6/09/33
...
1,298
63
4831089.SQ.FTS.B,
Zero
Cpn,
6/10/33
...
3,668
455
4832985.SQ.FTS.B,
Zero
Cpn,
6/10/33
...
12,795
1,004
4836929.SQ.FTS.B,
Zero
Cpn,
6/13/33
...
6,637
809
4837116.SQ.FTS.B,
Zero
Cpn,
6/13/33
...
2,784
336
4838193.SQ.FTS.B,
Zero
Cpn,
6/14/33
...
6,668
1,095
4839360.SQ.FTS.B,
Zero
Cpn,
6/14/33
...
146
27
4839366.SQ.FTS.B,
Zero
Cpn,
6/14/33
...
11,177
1,718
4839716.SQ.FTS.B,
Zero
Cpn,
6/14/33
...
727
90
4840254.SQ.FTS.B,
Zero
Cpn,
6/14/33
...
488
60
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
191
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
4840334.SQ.FTS.B,
Zero
Cpn,
6/14/33
...
$
1,577
$
174
4840427.SQ.FTS.B,
Zero
Cpn,
6/14/33
...
7,657
838
4840766.SQ.FTS.B,
Zero
Cpn,
6/14/33
...
2,241
303
4842339.SQ.FTS.B,
Zero
Cpn,
6/15/33
...
565
106
4842858.SQ.FTS.B,
Zero
Cpn,
6/15/33
...
5,214
539
4843142.SQ.FTS.B,
Zero
Cpn,
6/15/33
...
10,181
1,313
4848471.SQ.FTS.B,
Zero
Cpn,
6/16/33
...
2,931
288
4848662.SQ.FTS.B,
Zero
Cpn,
6/16/33
...
5,372
735
4848703.SQ.FTS.B,
Zero
Cpn,
6/16/33
...
1,526
183
4850020.SQ.FTS.B,
Zero
Cpn,
6/16/33
...
156
14
4850454.SQ.FTS.B,
Zero
Cpn,
6/16/33
...
1,505
161
4857326.SQ.FTS.B,
Zero
Cpn,
6/16/33
...
504
66
4858016.SQ.FTS.B,
Zero
Cpn,
6/17/33
...
1,782
96
4860376.SQ.FTS.B,
Zero
Cpn,
6/17/33
...
1,539
186
4860428.SQ.FTS.B,
Zero
Cpn,
6/17/33
...
179
10
4860575.SQ.FTS.B,
Zero
Cpn,
6/17/33
...
431
73
4861177.SQ.FTS.B,
Zero
Cpn,
6/17/33
...
526
62
4861282.SQ.FTS.B,
Zero
Cpn,
6/17/33
...
3,163
160
4861902.SQ.FTS.B,
Zero
Cpn,
6/18/33
...
1,428
150
4861917.SQ.FTS.B,
Zero
Cpn,
6/18/33
...
4,378
606
4863326.SQ.FTS.B,
Zero
Cpn,
6/19/33
...
3,243
457
4863471.SQ.FTS.B,
Zero
Cpn,
6/19/33
...
7,932
1,488
4866438.SQ.FTS.B,
Zero
Cpn,
6/20/33
...
954
90
4866448.SQ.FTS.B,
Zero
Cpn,
6/20/33
...
122
20
4866709.SQ.FTS.B,
Zero
Cpn,
6/20/33
...
1,851
204
4866826.SQ.FTS.B,
Zero
Cpn,
6/20/33
...
68
9
4867919.SQ.FTS.B,
Zero
Cpn,
6/21/33
...
6,047
929
4868143.SQ.FTS.B,
Zero
Cpn,
6/21/33
...
4,894
801
4868584.SQ.FTS.B,
Zero
Cpn,
6/21/33
...
5,694
875
4876386.SQ.FTS.B,
Zero
Cpn,
6/23/33
...
7,139
1,465
4876490.SQ.FTS.B,
Zero
Cpn,
6/24/33
...
228
33
4876558.SQ.FTS.B,
Zero
Cpn,
6/24/33
...
5,907
799
4880873.SQ.FTS.B,
Zero
Cpn,
6/28/33
...
3,524
527
4881733.SQ.FTS.B,
Zero
Cpn,
6/28/33
...
726
155
4881919.SQ.FTS.B,
Zero
Cpn,
6/28/33
...
793
71
4882161.SQ.FTS.B,
Zero
Cpn,
6/28/33
...
203
20
4884630.SQ.FTS.B,
Zero
Cpn,
6/29/33
...
527
77
4885669.SQ.FTS.B,
Zero
Cpn,
6/29/33
...
609
60
4885699.SQ.FTS.B,
Zero
Cpn,
6/29/33
...
503
118
4885937.SQ.FTS.B,
Zero
Cpn,
6/29/33
...
2,665
364
4889312.SQ.FTS.B,
Zero
Cpn,
6/30/33
...
962
155
4889629.SQ.FTS.B,
Zero
Cpn,
7/01/33
...
2,050
256
4889665.SQ.FTS.B,
Zero
Cpn,
7/01/33
...
594
131
4889899.SQ.FTS.B,
Zero
Cpn,
7/02/33
...
5,336
898
4890016.SQ.FTS.B,
Zero
Cpn,
7/02/33
...
1,471
84
4890173.SQ.FTS.B,
Zero
Cpn,
7/02/33
...
439
107
4890331.SQ.FTS.B,
Zero
Cpn,
7/02/33
...
581
90
4890584.SQ.FTS.B,
Zero
Cpn,
7/03/33
...
1,885
289
4891423.SQ.FTS.B,
Zero
Cpn,
7/03/33
...
3,072
593
4895734.SQ.FTS.B,
Zero
Cpn,
7/05/33
...
2,462
604
4900639.SQ.FTS.B,
Zero
Cpn,
7/06/33
...
1,709
426
4901412.SQ.FTS.B,
Zero
Cpn,
7/07/33
...
183
28
4901767.SQ.FTS.B,
Zero
Cpn,
7/07/33
...
6,849
1,474
4902989.SQ.FTS.B,
Zero
Cpn,
7/08/33
...
295
32
4903860.SQ.FTS.B,
Zero
Cpn,
7/09/33
...
2,275
222
4905084.SQ.FTS.B,
Zero
Cpn,
7/10/33
...
1,978
379
4906129.SQ.FTS.B,
Zero
Cpn,
7/10/33
...
1,271
326
4910039.SQ.FTS.B,
Zero
Cpn,
7/12/33
...
4,282
990
Description
Principal
Amount
Value
Block,
Inc.
(continued)
4914843.SQ.FTS.B,
Zero
Cpn,
7/13/33
...
$
161
$
18
4914994.SQ.FTS.B,
Zero
Cpn,
7/13/33
...
132
15
4924220.SQ.FTS.B,
Zero
Cpn,
7/17/33
...
361
26
4924498.SQ.FTS.B,
Zero
Cpn,
7/17/33
...
2,472
341
4925900.SQ.FTS.B,
Zero
Cpn,
7/18/33
...
14,825
3,360
4926237.SQ.FTS.B,
Zero
Cpn,
7/18/33
...
7,821
1,230
4926957.SQ.FTS.B,
Zero
Cpn,
7/19/33
...
1,660
455
4927793.SQ.FTS.B,
Zero
Cpn,
7/19/33
...
1,772
513
4928138.SQ.FTS.B,
Zero
Cpn,
7/19/33
...
6,946
1,548
4928279.SQ.FTS.B,
Zero
Cpn,
7/19/33
...
991
137
4928795.SQ.FTS.B,
Zero
Cpn,
7/19/33
...
21,198
2,786
4931407.SQ.FTS.B,
Zero
Cpn,
7/20/33
...
758
110
4931819.SQ.FTS.B,
Zero
Cpn,
7/20/33
...
1,185
360
4931889.SQ.FTS.B,
Zero
Cpn,
7/20/33
...
1,469
336
4933844.SQ.FTS.B,
Zero
Cpn,
7/21/33
...
19,405
2,716
4935340.SQ.FTS.B,
Zero
Cpn,
7/22/33
...
172
26
4935527.SQ.FTS.B,
Zero
Cpn,
7/22/33
...
1,418
239
4935556.SQ.FTS.B,
Zero
Cpn,
7/22/33
...
1,068
173
4935758.SQ.FTS.B,
Zero
Cpn,
7/23/33
...
1,075
365
4935784.SQ.FTS.B,
Zero
Cpn,
7/23/33
...
749
115
4936861.SQ.FTS.B,
Zero
Cpn,
7/24/33
...
1,307
213
4937255.SQ.FTS.B,
Zero
Cpn,
7/24/33
...
1,941
630
4938432.SQ.FTS.B,
Zero
Cpn,
7/24/33
...
3,098
1,016
4938479.SQ.FTS.B,
Zero
Cpn,
7/24/33
...
9,157
1,458
4941003.SQ.FTS.B,
Zero
Cpn,
7/25/33
...
416
111
4945981.SQ.FTS.B,
Zero
Cpn,
7/27/33
...
12,257
2,912
4954900.SQ.FTS.B,
Zero
Cpn,
7/28/33
...
4,177
406
4960214.SQ.FTS.B,
Zero
Cpn,
7/31/33
...
2,363
411
4962054.SQ.FTS.B,
Zero
Cpn,
7/31/33
...
8,398
1,446
4962523.SQ.FTS.B,
Zero
Cpn,
7/31/33
...
4,563
1,594
4964207.SQ.FTS.B,
Zero
Cpn,
8/01/33
...
872
86
4967874.SQ.FTS.B,
Zero
Cpn,
8/02/33
...
6,630
1,954
4967975.SQ.FTS.B,
Zero
Cpn,
8/02/33
...
1,713
461
4972812.SQ.FTS.B,
Zero
Cpn,
8/04/33
...
445
46
4973815.SQ.FTS.B,
Zero
Cpn,
8/04/33
...
1,593
441
4973901.SQ.FTS.B,
Zero
Cpn,
8/04/33
...
839
219
4975355.SQ.FTS.B,
Zero
Cpn,
8/05/33
...
1,473
340
4976894.SQ.FTS.B,
Zero
Cpn,
8/07/33
...
2,452
390
4977295.SQ.FTS.B,
Zero
Cpn,
8/07/33
...
5,717
1,032
4978050.SQ.FTS.B,
Zero
Cpn,
8/07/33
...
353
87
4980302.SQ.FTS.B,
Zero
Cpn,
8/08/33
...
5,164
977
4980891.SQ.FTS.B,
Zero
Cpn,
8/08/33
...
7,938
2,115
4982210.SQ.FTS.B,
Zero
Cpn,
8/09/33
...
211
64
4985573.SQ.FTS.B,
Zero
Cpn,
8/10/33
...
5,308
1,758
4985801.SQ.FTS.B,
Zero
Cpn,
8/10/33
...
3,070
805
4986950.SQ.FTS.B,
Zero
Cpn,
8/10/33
...
1,026
263
4989246.SQ.FTS.B,
Zero
Cpn,
8/11/33
...
1,728
653
4989680.SQ.FTS.B,
Zero
Cpn,
8/11/33
...
6,187
1,303
4990405.SQ.FTS.B,
Zero
Cpn,
8/12/33
...
4,253
1,154
4990803.SQ.FTS.B,
Zero
Cpn,
8/12/33
...
1,679
546
4990843.SQ.FTS.B,
Zero
Cpn,
8/12/33
...
335
64
4990927.SQ.FTS.B,
Zero
Cpn,
8/12/33
...
1,824
182
4991162.SQ.FTS.B,
Zero
Cpn,
8/13/33
...
5,956
1,914
4991320.SQ.FTS.B,
Zero
Cpn,
8/13/33
...
1,764
235
4993286.SQ.FTS.B,
Zero
Cpn,
8/14/33
...
1,167
124
4993377.SQ.FTS.B,
Zero
Cpn,
8/14/33
...
1,028
101
4993884.SQ.FTS.B,
Zero
Cpn,
8/14/33
...
2,371
541
4994536.SQ.FTS.B,
Zero
Cpn,
8/14/33
...
559
59
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
192
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
4994636.SQ.FTS.B,
Zero
Cpn,
8/15/33
...
$
1,945
$
544
4995558.SQ.FTS.B,
Zero
Cpn,
8/15/33
...
317
91
4999801.SQ.FTS.B,
Zero
Cpn,
8/15/33
...
7,631
833
5002638.SQ.FTS.B,
Zero
Cpn,
8/15/33
...
1,671
498
5002851.SQ.FTS.B,
Zero
Cpn,
8/15/33
...
2,134
542
5003760.SQ.FTS.B,
Zero
Cpn,
8/15/33
...
2,712
688
5017280.SQ.FTS.B,
Zero
Cpn,
8/17/33
...
6,962
1,436
5019634.SQ.FTS.B,
Zero
Cpn,
8/17/33
...
1,814
705
5024347.SQ.FTS.B,
Zero
Cpn,
8/18/33
...
2,526
228
5025260.SQ.FTS.B,
Zero
Cpn,
8/18/33
...
427
115
5025377.SQ.FTS.B,
Zero
Cpn,
8/18/33
...
4,937
1,517
5025655.SQ.FTS.B,
Zero
Cpn,
8/18/33
...
21
13
5025753.SQ.FTS.B,
Zero
Cpn,
8/19/33
...
7,971
3,034
5025999.SQ.FTS.B,
Zero
Cpn,
8/19/33
...
4,449
1,076
5026378.SQ.FTS.B,
Zero
Cpn,
8/19/33
...
807
274
5026387.SQ.FTS.B,
Zero
Cpn,
8/19/33
...
1,641
163
5026563.SQ.FTS.B,
Zero
Cpn,
8/20/33
...
336
76
5026683.SQ.FTS.B,
Zero
Cpn,
8/20/33
...
665
241
5027200.SQ.FTS.B,
Zero
Cpn,
8/21/33
...
811
202
5027449.SQ.FTS.B,
Zero
Cpn,
8/21/33
...
2,303
701
5034542.SQ.FTS.B,
Zero
Cpn,
8/23/33
...
3,605
957
5035768.SQ.FTS.B,
Zero
Cpn,
8/23/33
...
43
16
5035879.SQ.FTS.B,
Zero
Cpn,
8/23/33
...
757
240
5037885.SQ.FTS.B,
Zero
Cpn,
8/24/33
...
10,799
3,492
5039576.SQ.FTS.B,
Zero
Cpn,
8/24/33
...
2,295
1,038
5039742.SQ.FTS.B,
Zero
Cpn,
8/24/33
...
3,716
1,226
5041320.SQ.FTS.B,
Zero
Cpn,
8/25/33
...
6,419
1,296
5042175.SQ.FTS.B,
Zero
Cpn,
8/25/33
...
4,385
2,299
5043359.SQ.FTS.B,
Zero
Cpn,
8/26/33
...
644
202
5043851.SQ.FTS.B,
Zero
Cpn,
8/26/33
...
1
–
5044612.SQ.FTS.B,
Zero
Cpn,
8/27/33
...
309
77
5045398.SQ.FTS.B,
Zero
Cpn,
8/28/33
...
9,125
943
5045876.SQ.FTS.B,
Zero
Cpn,
8/28/33
...
6,787
1,752
5046164.SQ.FTS.B,
Zero
Cpn,
8/28/33
...
1,625
355
5047833.SQ.FTS.B,
Zero
Cpn,
8/28/33
...
3,738
926
22,609,032
Freedom
Financial
Asset
Management
LLC
APP-08690959.FP.FTS.B,
5.99%,
9/30/23
.
668
670
APP-10234320.FP.FTS.B,
17.49%,
10/03/23
..........................
1,581
1,583
APP-10066897.FP.FTS.B,
17.49%,
10/04/23
..........................
1,851
1,854
APP-10486503.FP.FTS.B,
5.99%,
10/15/23
673
675
APP-10400699.FP.FTS.B,
5.99%,
10/25/23
748
750
APP-10463368.FP.FTS.B,
5.99%,
10/25/23
1,401
1,407
APP-11197492.FP.FTS.B,
18.99%,
11/12/23
1,888
1,902
APP-11139483.FP.FTS.B,
5.99%,
11/14/23
1,306
1,312
APP-11265301.FP.FTS.B,
14.99%,
11/17/23
4,022
4,041
APP-11139070.FP.FTS.B,
5.99%,
11/18/23
1,451
1,458
APP-11237950.FP.FTS.B,
5.99%,
11/18/23
1,268
1,275
APP-10769596.FP.FTS.B,
5.99%,
11/23/23
1,033
1,038
APP-10678947.FP.FTS.B,
17.49%,
12/11/23
9,770
9,815
APP-10566307.FP.FTS.B,
5.99%,
12/15/23
1,682
1,688
APP-11799486.FP.FTS.B,
5.99%,
12/29/23
2,081
2,095
APP-10561269.FP.FTS.B,
5.99%,
1/02/24
.
896
897
APP-11333513.FP.FTS.B,
5.99%,
1/07/24
.
1,737
1,745
APP-11333236.FP.FTS.B,
13.49%,
1/08/24
8,272
8,313
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-11376511.FP.FTS.B,
17.99%,
1/08/24
$
3,268
$
2,431
APP-11341001.FP.FTS.B,
5.99%,
1/09/24
.
2,798
2,819
APP-11923967.FP.FTS.B,
13.74%,
1/15/24
3,756
3,776
APP-11194490.FP.FTS.B,
5.99%,
1/20/24
.
1,747
1,756
APP-12263510.FP.FTS.B,
5.99%,
1/20/24
.
3,451
1,472
APP-12187185.FP.FTS.B,
5.99%,
1/25/24
.
2,549
2,567
APP-11336668.FP.FTS.B,
16.49%,
1/26/24
2,945
2,974
APP-09046319.FP.FTS.B,
18.99%,
2/01/24
2,158
2,169
APP-11810724.FP.FTS.B,
18.99%,
2/01/24
2,310
2,322
APP-11799474.FP.FTS.B,
5.99%,
2/07/24
.
2,628
2,642
APP-11781355.FP.FTS.B,
5.99%,
2/11/24
.
2,634
2,649
APP-12119669.FP.FTS.B,
5.99%,
3/01/24
.
2,722
2,737
APP-11237608.FP.FTS.B,
5.99%,
3/10/24
.
3,288
3,308
APP-12135614.FP.FTS.B,
18.99%,
3/11/24
3,894
2,702
APP-12050162.FP.FTS.B,
5.99%,
3/13/24
.
3,605
3,633
APP-08959542.FP.FTS.B,
17.99%,
4/10/24
3,451
3,486
APP-07979930.FP.FTS.B,
12.49%,
4/15/24
7,421
7,471
APP-08978477.FP.FTS.B,
18.99%,
4/16/24
10,052
3,860
APP-08990977.FP.FTS.B,
17.49%,
4/20/24
4,149
4,186
APP-08924428.FP.FTS.B,
14.49%,
4/25/24
4,202
4,230
APP-09087474.FP.FTS.B,
22.99%,
4/30/24
2,602
2,678
APP-08978867.FP.FTS.B,
14.49%,
5/17/24
7,482
7,535
APP-09367838.FP.FTS.B,
17.99%,
5/20/24
2,609
2,629
APP-08969780.FP.FTS.B,
14.49%,
5/21/24
7,452
7,500
APP-09021781.FP.FTS.B,
12.99%,
5/22/24
9,111
9,177
APP-08870794.FP.FTS.B,
16.49%,
5/23/24
4,952
4,988
APP-08961356.FP.FTS.B,
22.49%,
5/29/24
3,787
3,864
APP-08925461.FP.FTS.B,
17.99%,
5/31/24
4,690
592
APP-09051644.FP.FTS.B,
23.49%,
6/10/24
4,144
4,160
APP-09086628.FP.FTS.B,
16.99%,
6/15/24
3,625
3,664
APP-08969775.FP.FTS.B,
12.99%,
6/21/24
9,725
9,799
APP-09353776.FP.FTS.B,
21.99%,
6/27/24
9,977
2,473
APP-09302720.FP.FTS.B,
22.49%,
6/30/24
2,986
3,048
APP-09069437.FP.FTS.B,
25.49%,
6/30/24
4,316
3,704
APP-09583612.FP.FTS.B,
15.24%,
7/01/24
6,404
6,426
APP-09354267.FP.FTS.B,
17.49%,
7/01/24
5,585
5,617
APP-09430684.FP.FTS.B,
23.49%,
7/05/24
4,522
4,548
APP-09726629.FP.FTS.B,
12.24%,
7/09/24
7,122
7,169
APP-09341214.FP.FTS.B,
21.49%,
7/10/24
11,214
11,322
APP-09343576.FP.FTS.B,
23.49%,
7/10/24
6,680
6,734
APP-12243834.FP.FTS.B,
18.49%,
7/27/24
2,657
2,672
APP-09726602.FP.FTS.B,
17.49%,
8/12/24
6,848
6,898
APP-09799095.FP.FTS.B,
19.99%,
8/12/24
3,012
3,033
APP-09799610.FP.FTS.B,
21.99%,
8/12/24
7,276
7,365
APP-09776505.FP.FTS.B,
12.24%,
8/15/24
2,962
2,973
APP-10159829.FP.FTS.B,
15.49%,
8/15/24
5,760
5,802
APP-10254713.FP.FTS.B,
19.99%,
8/17/24
5,694
555
APP-09726592.FP.FTS.B,
12.24%,
8/20/24
9,432
9,512
APP-09726689.FP.FTS.B,
15.99%,
8/20/24
6,501
6,560
APP-09786718.FP.FTS.B,
21.49%,
8/20/24
6,309
601
APP-10203850.FP.FTS.B,
10.49%,
8/21/24
9,427
9,507
APP-09708878.FP.FTS.B,
15.49%,
8/24/24
2,947
2,976
APP-09808886.FP.FTS.B,
19.99%,
8/24/24
3,820
3,871
APP-09726492.FP.FTS.B,
12.24%,
8/25/24
6,292
6,353
APP-10379461.FP.FTS.B,
10.49%,
9/02/24
9,846
9,903
APP-09939798.FP.FTS.B,
17.99%,
9/23/24
5,073
5,133
APP-09776493.FP.FTS.B,
10.49%,
9/25/24
7,512
7,576
APP-10432773.FP.FTS.B,
16.99%,
9/30/24
4,569
4,614
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
193
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-10148177.FP.FTS.B,
14.99%,
10/01/24
..........................
$
8,931
$
8,956
APP-10101337.FP.FTS.B,
11.99%,
10/02/24
21,342
12,475
APP-10170244.FP.FTS.B,
13.24%,
10/02/24
..........................
16,454
16,573
APP-10624388.FP.FTS.B,
15.49%,
10/02/24
..........................
4,172
828
APP-10687787.FP.FTS.B,
23.99%,
10/02/24
..........................
3,765
3,759
APP-09776210.FP.FTS.B,
13.49%,
10/04/24
..........................
12,827
12,874
APP-10060644.FP.FTS.B,
13.99%,
10/04/24
..........................
20,714
20,857
APP-10195787.FP.FTS.B,
25.49%,
10/04/24
..........................
5,185
5,173
APP-10402043.FP.FTS.B,
17.99%,
10/05/24
..........................
10,706
10,749
APP-10396556.FP.FTS.B,
25.49%,
10/05/24
..........................
4,821
4,832
APP-10682620.FP.FTS.B,
16.49%,
10/07/24
..........................
1,454
1,459
APP-10481124.FP.FTS.B,
12.74%,
10/12/24
9,978
10,054
APP-10135442.FP.FTS.B,
10.99%,
10/16/24
..........................
14,233
14,353
APP-10372817.FP.FTS.B,
15.49%,
10/17/24
..........................
8,347
8,424
APP-10385640.FP.FTS.B,
23.99%,
10/17/24
..........................
4,368
1,621
APP-10451908.FP.FTS.B,
11.99%,
10/20/24
21,732
21,922
APP-09299774.FP.FTS.B,
23.49%,
10/21/24
..........................
2,210
715
APP-10444462.FP.FTS.B,
8.49%,
10/23/24
13,002
13,120
APP-10314676.FP.FTS.B,
12.74%,
10/26/24
..........................
9,522
9,620
APP-10459273.FP.FTS.B,
15.99%,
11/03/24
9,422
7,352
APP-10566736.FP.FTS.B,
16.49%,
11/04/24
7,332
7,372
APP-10769779.FP.FTS.B,
5.99%,
11/09/24
2,025
2,033
APP-10693186.FP.FTS.B,
10.49%,
11/10/24
7,991
8,052
APP-11194733.FP.FTS.B,
8.99%,
11/11/24
17,243
17,376
APP-10096028.FP.FTS.B,
9.99%,
11/14/24
20,923
21,098
APP-11333295.FP.FTS.B,
8.49%,
11/15/24
6,398
6,449
APP-10688393.FP.FTS.B,
12.74%,
11/15/24
10,526
10,616
APP-11333515.FP.FTS.B,
16.49%,
11/16/24
7,384
7,436
APP-10683469.FP.FTS.B,
23.99%,
11/16/24
11,432
4,196
APP-11307681.FP.FTS.B,
25.49%,
11/16/24
4,611
4,607
APP-10670881.FP.FTS.B,
10.24%,
11/17/24
6,171
6,222
APP-11237920.FP.FTS.B,
17.99%,
11/17/24
5,323
5,365
APP-11283774.FP.FTS.B,
8.49%,
11/25/24
3,893
3,907
APP-11333230.FP.FTS.B,
12.49%,
11/25/24
13,833
13,972
APP-11382302.FP.FTS.B,
16.99%,
11/25/24
5,454
5,508
APP-11799510.FP.FTS.B,
16.99%,
12/15/24
5,266
5,297
APP-11194500.FP.FTS.B,
10.49%,
12/20/24
11,774
11,877
APP-11316386.FP.FTS.B,
13.49%,
12/20/24
8,171
8,239
APP-11319377.FP.FTS.B,
25.49%,
12/20/24
6,468
1,517
APP-11793984.FP.FTS.B,
25.49%,
12/20/24
5,564
5,593
APP-11799271.FP.FTS.B,
14.99%,
12/21/24
11,160
11,251
APP-11383917.FP.FTS.B,
12.74%,
12/26/24
7,859
7,938
APP-11045167.FP.FTS.B,
10.49%,
12/28/24
8,188
8,269
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-11388022.FP.FTS.B,
19.99%,
12/28/24
$
5,449
$
5,502
APP-11802632.FP.FTS.B,
9.74%,
12/29/24
6,443
6,509
APP-11314678.FP.FTS.B,
15.49%,
12/31/24
9,201
1,040
APP-11297354.FP.FTS.B,
8.49%,
1/01/25
.
7,046
7,098
APP-11022117.FP.FTS.B,
8.49%,
1/02/25
.
8,196
8,257
APP-11237990.FP.FTS.B,
10.74%,
1/02/25
4,244
4,245
APP-11333266.FP.FTS.B,
15.49%,
1/02/25
6,089
6,088
APP-11307931.FP.FTS.B,
21.99%,
1/02/25
3,485
3,415
APP-10624639.FP.FTS.B,
10.49%,
1/03/25
12,844
12,948
APP-11265704.FP.FTS.B,
13.99%,
1/03/25
20,109
20,140
APP-11187320.FP.FTS.B,
14.99%,
1/03/25
11,140
11,149
APP-11382734.FP.FTS.B,
23.49%,
1/04/25
6,506
6,445
APP-11320650.FP.FTS.B,
23.99%,
1/06/25
8,544
8,477
APP-09356867.FP.FTS.B,
9.99%,
1/08/25
.
25,174
25,386
APP-11398498.FP.FTS.B,
19.49%,
1/08/25
31,146
6,875
APP-11389002.FP.FTS.B,
17.99%,
1/09/25
4,102
4,119
APP-11319269.FP.FTS.B,
21.99%,
1/09/25
11,187
11,132
APP-11694688.FP.FTS.B,
18.99%,
1/12/25
6,867
6,873
APP-12194196.FP.FTS.B,
13.24%,
1/16/25
28,575
28,767
APP-09868557.FP.FTS.B,
11.99%,
1/20/25
10,544
10,634
APP-12106244.FP.FTS.B,
18.99%,
1/22/25
7,336
7,381
APP-12139687.FP.FTS.B,
11.74%,
1/23/25
21,342
21,542
APP-12017001.FP.FTS.B,
9.74%,
1/24/25
.
9,439
9,530
APP-12207671.FP.FTS.B,
16.99%,
1/25/25
5,587
5,632
APP-12266979.FP.FTS.B,
11.74%,
1/28/25
13,103
13,229
APP-11323523.FP.FTS.B,
23.99%,
1/30/25
8,819
1,341
APP-11803536.FP.FTS.B,
13.99%,
2/01/25
15,971
16,050
APP-11792552.FP.FTS.B,
17.49%,
2/01/25
15,755
15,690
APP-11767460.FP.FTS.B,
13.74%,
2/12/25
17,291
17,432
APP-11594848.FP.FTS.B,
14.99%,
2/12/25
15,114
1,634
APP-11803668.FP.FTS.B,
23.99%,
2/13/25
4,016
3,961
APP-10657504.FP.FTS.B,
14.99%,
2/22/25
19,328
19,474
APP-12227846.FP.FTS.B,
9.49%,
3/01/25
.
13,275
13,370
APP-11194436.FP.FTS.B,
15.99%,
3/01/25
18,055
18,122
APP-12257518.FP.FTS.B,
18.99%,
3/01/25
8,384
8,301
APP-11946510.FP.FTS.B,
12.74%,
3/04/25
6,097
6,154
APP-12119651.FP.FTS.B,
8.99%,
3/12/25
.
17,178
17,339
APP-12139540.FP.FTS.B,
9.99%,
3/12/25
.
8,511
8,584
APP-08503046.FP.FTS.B,
12.99%,
3/12/25
17,039
9,393
APP-12239890.FP.FTS.B,
23.99%,
3/12/25
7,462
7,413
APP-12246852.FP.FTS.B,
23.99%,
3/12/25
10,423
10,335
APP-10005462.FP.FTS.B,
9.74%,
3/13/25
.
8,312
8,394
APP-12139811.FP.FTS.B,
11.74%,
3/13/25
16,235
16,370
APP-12216739.FP.FTS.B,
16.99%,
3/13/25
12,317
12,323
APP-12223360.FP.FTS.B,
15.74%,
4/01/25
21,797
21,718
APP-10177953.FP.FTS.B,
17.99%,
4/01/25
4,358
4,395
APP-11394558.FP.FTS.B,
14.99%,
4/15/25
11,427
11,472
APP-08980006.FP.FTS.B,
16.49%,
4/17/25
6,816
6,919
APP-09058670.FP.FTS.B,
16.49%,
4/27/25
5,173
5,277
APP-09302675.FP.FTS.B,
15.99%,
5/14/25
6,699
6,797
APP-09216358.FP.FTS.B,
14.99%,
5/16/25
23,888
24,192
APP-08976296.FP.FTS.B,
18.49%,
5/17/25
6,731
6,844
APP-09335187.FP.FTS.B,
16.99%,
5/20/25
7,417
7,621
APP-08870796.FP.FTS.B,
19.49%,
5/23/25
4,857
4,996
APP-08914897.FP.FTS.B,
12.99%,
5/29/25
10,333
10,512
APP-08967293.FP.FTS.B,
17.49%,
5/29/25
11,073
11,421
APP-09071487.FP.FTS.B,
16.99%,
5/30/25
10,858
11,041
APP-09014884.FP.FTS.B,
14.99%,
5/31/25
22,142
22,457
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
194
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-09231496.FP.FTS.B,
14.99%,
6/01/25
$
27,498
$
27,823
APP-08988851.FP.FTS.B,
16.99%,
6/01/25
28,197
28,695
APP-09029616.FP.FTS.B,
21.49%,
6/03/25
2,200
2,207
APP-08980050.FP.FTS.B,
14.99%,
6/04/25
14,024
14,237
APP-09023075.FP.FTS.B,
14.99%,
6/05/25
13,501
13,721
APP-09036276.FP.FTS.B,
18.99%,
6/05/25
22,516
22,936
APP-09134525.FP.FTS.B,
19.99%,
6/05/25
15,745
16,250
APP-09045917.FP.FTS.B,
18.99%,
6/11/25
19,297
19,865
APP-09076478.FP.FTS.B,
20.49%,
6/13/25
14,289
14,852
APP-09106073.FP.FTS.B,
19.99%,
6/14/25
5,613
5,791
APP-09130603.FP.FTS.B,
12.99%,
6/15/25
10,550
10,708
APP-09130807.FP.FTS.B,
14.99%,
6/16/25
10,693
10,846
APP-09046414.FP.FTS.B,
14.99%,
6/23/25
18,764
19,054
APP-09352017.FP.FTS.B,
16.99%,
6/27/25
3,448
2,712
APP-09302995.FP.FTS.B,
14.99%,
7/10/25
6,205
6,311
APP-09352779.FP.FTS.B,
18.49%,
7/10/25
5,297
5,402
APP-09375788.FP.FTS.B,
18.49%,
7/10/25
5,768
5,920
APP-09354577.FP.FTS.B,
18.49%,
7/11/25
12,027
6,604
APP-09012739.FP.FTS.B,
14.49%,
7/15/25
7,610
7,739
APP-09100537.FP.FTS.B,
17.99%,
7/15/25
7,638
7,788
APP-09355200.FP.FTS.B,
14.99%,
7/17/25
25,877
5,173
APP-08991172.FP.FTS.B,
17.49%,
8/05/25
4,990
505
APP-09765452.FP.FTS.B,
16.49%,
8/08/25
9,842
10,095
APP-09717803.FP.FTS.B,
18.49%,
8/10/25
5,837
5,931
APP-10142907.FP.FTS.B,
14.99%,
8/12/25
27,206
27,612
APP-09813384.FP.FTS.B,
12.74%,
8/13/25
13,830
14,022
APP-09797956.FP.FTS.B,
14.74%,
8/13/25
9,740
9,883
APP-08970788.FP.FTS.B,
17.49%,
8/16/25
6,327
6,481
APP-10203250.FP.FTS.B,
13.24%,
8/17/25
10,537
10,704
APP-09775671.FP.FTS.B,
18.49%,
8/23/25
12,051
12,470
APP-09776164.FP.FTS.B,
15.99%,
8/25/25
7,847
2,412
APP-09786759.FP.FTS.B,
21.99%,
8/27/25
3,904
3,939
APP-10450365.FP.FTS.B,
10.99%,
9/03/25
10,647
10,775
APP-10476920.FP.FTS.B,
8.99%,
9/06/25
.
11,963
12,118
APP-10400942.FP.FTS.B,
10.99%,
9/10/25
9,012
9,134
APP-10444335.FP.FTS.B,
11.49%,
9/11/25
22,979
23,275
APP-10561719.FP.FTS.B,
12.74%,
9/20/25
7,413
7,525
APP-10432695.FP.FTS.B,
16.99%,
9/20/25
31,379
31,872
APP-10156735.FP.FTS.B,
16.49%,
9/23/25
16,237
16,669
APP-10561277.FP.FTS.B,
19.49%,
9/25/25
5,625
5,640
APP-10248500.FP.FTS.B,
22.99%,
9/27/25
25,435
26,201
APP-10156534.FP.FTS.B,
10.99%,
9/30/25
15,652
15,906
APP-10204096.FP.FTS.B,
10.99%,
10/01/25
..........................
12,605
12,788
APP-09708653.FP.FTS.B,
13.24%,
10/01/25
..........................
14,273
14,474
APP-10060747.FP.FTS.B,
13.74%,
10/01/25
..........................
17,042
17,305
APP-10157176.FP.FTS.B,
16.49%,
10/01/25
..........................
14,450
14,762
APP-10459241.FP.FTS.B,
17.99%,
10/01/25
..........................
8,914
5,026
APP-10203214.FP.FTS.B,
18.99%,
10/01/25
..........................
13,497
13,831
APP-10244672.FP.FTS.B,
20.99%,
10/01/25
..........................
12,983
13,307
APP-10684832.FP.FTS.B,
20.99%,
10/02/25
..........................
7,170
4,126
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-10092907.FP.FTS.B,
17.99%,
10/04/25
..........................
$
19,208
$
19,607
APP-09979972.FP.FTS.B,
14.49%,
10/05/25
..........................
26,072
26,465
APP-10263399.FP.FTS.B,
26.49%,
10/08/25
..........................
5,801
476
APP-10485308.FP.FTS.B,
16.99%,
10/12/25
..........................
9,301
9,488
APP-10480296.FP.FTS.B,
19.49%,
10/12/25
..........................
9,639
9,939
APP-10293468.FP.FTS.B,
12.49%,
10/15/25
..........................
27,757
28,146
APP-10354360.FP.FTS.B,
19.49%,
10/15/25
..........................
16,022
16,510
APP-10384915.FP.FTS.B,
16.49%,
10/17/25
..........................
11,224
11,413
APP-10497677.FP.FTS.B,
12.74%,
10/20/25
..........................
7,874
8,001
APP-10567121.FP.FTS.B,
13.24%,
10/20/25
..........................
14,408
14,637
APP-10578108.FP.FTS.B,
14.49%,
10/22/25
..........................
18,368
18,795
APP-10474872.FP.FTS.B,
18.99%,
10/28/25
..........................
8,601
8,864
APP-10519197.FP.FTS.B,
15.99%,
10/29/25
..........................
22,687
23,158
APP-10692380.FP.FTS.B,
16.49%,
11/01/25
20,592
20,866
APP-10689729.FP.FTS.B,
13.99%,
11/05/25
6,551
6,635
APP-10606420.FP.FTS.B,
10.99%,
11/15/25
19,462
19,758
APP-10839237.FP.FTS.B,
10.99%,
11/15/25
14,455
14,658
APP-11210666.FP.FTS.B,
10.99%,
11/15/25
14,062
14,247
APP-11376181.FP.FTS.B,
10.99%,
11/15/25
9,142
9,263
APP-11237796.FP.FTS.B,
16.49%,
11/15/25
11,842
12,112
APP-10776817.FP.FTS.B,
16.99%,
11/15/25
25,941
26,552
APP-10681833.FP.FTS.B,
15.99%,
11/16/25
19,705
20,054
APP-10768953.FP.FTS.B,
18.99%,
11/17/25
3,501
3,503
APP-10773457.FP.FTS.B,
11.49%,
11/22/25
9,099
9,142
APP-10692429.FP.FTS.B,
20.99%,
11/22/25
7,074
7,271
APP-11802431.FP.FTS.B,
10.24%,
12/18/25
8,863
8,982
APP-10770088.FP.FTS.B,
10.99%,
12/18/25
..........................
18,399
18,685
APP-11305215.FP.FTS.B,
13.24%,
12/19/25
10,975
11,148
APP-11253357.FP.FTS.B,
13.24%,
12/20/25
12,075
12,232
APP-11237745.FP.FTS.B,
17.49%,
12/20/25
6,107
6,208
APP-11793362.FP.FTS.B,
17.99%,
12/20/25
27,333
27,784
APP-10746117.FP.FTS.B,
8.99%,
12/26/25
11,812
11,987
APP-11379674.FP.FTS.B,
11.49%,
12/26/25
25,997
26,395
APP-11772465.FP.FTS.B,
10.99%,
12/27/25
24,306
24,569
APP-11384860.FP.FTS.B,
12.49%,
12/28/25
26,588
27,006
APP-11805285.FP.FTS.B,
16.99%,
12/29/25
10,171
1,063
APP-11249658.FP.FTS.B,
10.49%,
1/02/26
29,582
30,007
APP-11374960.FP.FTS.B,
14.99%,
1/02/26
2,687
2,671
APP-11104135.FP.FTS.B,
11.49%,
1/03/26
25,490
25,868
APP-11321062.FP.FTS.B,
14.49%,
1/03/26
8,603
8,697
APP-11411443.FP.FTS.B,
17.49%,
1/03/26
9,170
9,312
APP-11287073.FP.FTS.B,
21.99%,
1/03/26
22,880
23,316
APP-11378327.FP.FTS.B,
17.99%,
1/07/26
9,411
9,599
APP-11380825.FP.FTS.B,
18.49%,
1/08/26
12,620
12,878
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
195
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-11279539.FP.FTS.B,
15.99%,
1/09/26
$
7,190
$
7,309
APP-11403530.FP.FTS.B,
19.49%,
1/09/26
7,348
7,476
APP-11104456.FP.FTS.B,
10.99%,
1/17/26
7,730
7,835
APP-12244806.FP.FTS.B,
16.74%,
1/22/26
21,592
22,056
APP-12125189.FP.FTS.B,
19.49%,
1/25/26
11,351
11,632
APP-12229052.FP.FTS.B,
17.99%,
1/26/26
14,080
14,438
APP-12243882.FP.FTS.B,
19.49%,
1/27/26
7,465
7,641
APP-11816651.FP.FTS.B,
26.49%,
2/01/26
5,705
5,773
APP-11770041.FP.FTS.B,
15.99%,
2/02/26
8,527
8,642
APP-11792403.FP.FTS.B,
13.99%,
2/03/26
16,217
16,440
APP-11335385.FP.FTS.B,
10.99%,
2/04/26
12,478
12,652
APP-11751019.FP.FTS.B,
15.99%,
2/05/26
3,172
3,171
APP-11785448.FP.FTS.B,
13.49%,
2/11/26
13,478
13,723
APP-11817724.FP.FTS.B,
20.74%,
2/12/26
16,696
17,026
APP-11802110.FP.FTS.B,
16.99%,
2/13/26
18,233
10,318
APP-10476373.FP.FTS.B,
10.99%,
2/25/26
10,251
10,418
APP-12285827.FP.FTS.B,
13.24%,
3/01/26
7,531
7,627
APP-11946533.FP.FTS.B,
16.24%,
3/01/26
21,933
22,198
APP-12236342.FP.FTS.B,
16.49%,
3/08/26
18,085
18,339
APP-12223796.FP.FTS.B,
21.24%,
3/11/26
19,550
19,844
APP-12243350.FP.FTS.B,
9.99%,
3/12/26
.
7,614
7,664
APP-12201290.FP.FTS.B,
14.74%,
3/12/26
16,170
16,160
APP-12106220.FP.FTS.B,
18.99%,
3/12/26
9,516
9,679
APP-12140905.FP.FTS.B,
24.99%,
3/12/26
7,268
7,401
APP-12262753.FP.FTS.B,
14.99%,
3/14/26
15,730
15,983
APP-08739403.FP.FTS.B,
16.99%,
3/21/26
17,968
18,348
APP-11799543.FP.FTS.B,
13.24%,
4/12/26
7,400
7,521
APP-08907777.FP.FTS.B,
17.99%,
4/12/26
5,097
5,254
APP-08330688.FP.FTS.B,
14.99%,
4/15/26
15,663
15,955
APP-08971565.FP.FTS.B,
17.99%,
4/16/26
18,561
10,712
APP-08979775.FP.FTS.B,
23.99%,
4/16/26
19,103
19,927
APP-09077004.FP.FTS.B,
16.99%,
4/17/26
6,757
6,883
APP-08698355.FP.FTS.B,
18.99%,
4/17/26
11,424
11,725
APP-08999178.FP.FTS.B,
17.99%,
4/20/26
17,660
18,233
APP-09019999.FP.FTS.B,
13.49%,
4/22/26
31,034
31,600
APP-09100185.FP.FTS.B,
18.99%,
4/30/26
8,093
8,405
APP-09087999.FP.FTS.B,
21.49%,
4/30/26
21,710
22,546
APP-08979983.FP.FTS.B,
19.99%,
5/01/26
7,983
8,164
APP-08726744.FP.FTS.B,
21.49%,
5/01/26
24,799
25,440
APP-09232273.FP.FTS.B,
19.49%,
5/03/26
31,701
9,275
APP-08741967.FP.FTS.B,
17.49%,
5/05/26
19,323
19,688
APP-09232139.FP.FTS.B,
22.49%,
5/07/26
22,016
22,736
APP-09321377.FP.FTS.B,
17.49%,
5/15/26
17,338
17,610
APP-08975984.FP.FTS.B,
16.99%,
5/17/26
13,778
14,032
APP-08950723.FP.FTS.B,
14.99%,
5/21/26
10,122
10,312
APP-08882597.FP.FTS.B,
17.49%,
5/22/26
25,677
26,202
APP-09015317.FP.FTS.B,
18.99%,
5/22/26
14,763
8,536
APP-08994245.FP.FTS.B,
22.99%,
5/22/26
34,285
7,403
APP-09024930.FP.FTS.B,
13.49%,
5/23/26
6,011
6,114
APP-09018294.FP.FTS.B,
18.99%,
5/23/26
15,859
16,395
APP-09025472.FP.FTS.B,
19.99%,
5/23/26
13,843
14,382
APP-08902866.FP.FTS.B,
20.49%,
5/23/26
17,518
18,231
APP-09012359.FP.FTS.B,
23.49%,
5/23/26
11,017
11,489
APP-12219829.FP.FTS.B,
16.99%,
5/26/26
10,170
2,017
APP-09356444.FP.FTS.B,
17.49%,
5/27/26
13,331
13,758
APP-09437723.FP.FTS.B,
20.99%,
5/27/26
15,607
16,066
APP-09352425.FP.FTS.B,
14.99%,
5/28/26
21,146
21,505
APP-08989489.FP.FTS.B,
22.99%,
5/28/26
7,078
7,346
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-09057834.FP.FTS.B,
18.99%,
5/29/26
$
17,155
$
17,777
APP-08970339.FP.FTS.B,
22.49%,
5/29/26
12,819
1,525
APP-09330764.FP.FTS.B,
22.49%,
5/29/26
4,642
4,663
APP-09063657.FP.FTS.B,
22.99%,
5/29/26
33,037
34,141
APP-08923777.FP.FTS.B,
12.99%,
5/30/26
18,874
19,265
APP-08970713.FP.FTS.B,
12.99%,
5/30/26
18,418
18,799
APP-08924285.FP.FTS.B,
14.99%,
5/30/26
13,358
13,632
APP-08967703.FP.FTS.B,
19.49%,
5/30/26
1,395
1,400
APP-08976475.FP.FTS.B,
20.99%,
5/30/26
9,069
9,486
APP-09021433.FP.FTS.B,
21.99%,
5/30/26
3,041
3,073
APP-08924296.FP.FTS.B,
22.49%,
5/30/26
19,192
19,710
APP-09095354.FP.FTS.B,
12.99%,
5/31/26
15,433
15,723
APP-09088134.FP.FTS.B,
18.99%,
5/31/26
2,472
2,481
APP-08974488.FP.FTS.B,
21.49%,
5/31/26
10,572
10,904
APP-09060458.FP.FTS.B,
22.49%,
5/31/26
8,702
9,147
APP-09095478.FP.FTS.B,
13.49%,
6/01/26
8,208
8,227
APP-09020308.FP.FTS.B,
16.99%,
6/01/26
13,546
13,810
APP-09029242.FP.FTS.B,
17.49%,
6/01/26
33,569
34,160
APP-09081945.FP.FTS.B,
17.49%,
6/01/26
13,300
1,498
APP-08816539.FP.FTS.B,
20.49%,
6/01/26
16,785
17,244
APP-08960464.FP.FTS.B,
20.99%,
6/01/26
24,225
24,944
APP-09109896.FP.FTS.B,
21.99%,
6/01/26
4,738
4,730
APP-08991906.FP.FTS.B,
21.49%,
6/02/26
18,620
19,257
APP-09018394.FP.FTS.B,
13.49%,
6/04/26
26,112
26,575
APP-08847606.FP.FTS.B,
15.49%,
6/04/26
26,900
27,343
APP-08980085.FP.FTS.B,
18.99%,
6/04/26
3,437
3,438
APP-08979954.FP.FTS.B,
12.99%,
6/05/26
17,268
17,600
APP-09020682.FP.FTS.B,
12.99%,
6/05/26
10,179
1,009
APP-09017269.FP.FTS.B,
14.99%,
6/05/26
16,600
16,920
APP-09105301.FP.FTS.B,
14.99%,
6/05/26
11,291
5,853
APP-09017547.FP.FTS.B,
15.49%,
6/05/26
3,026
3,022
APP-09025257.FP.FTS.B,
17.49%,
6/05/26
13,579
13,934
APP-09142993.FP.FTS.B,
17.99%,
6/05/26
17,738
18,141
APP-09027027.FP.FTS.B,
21.49%,
6/05/26
15,027
15,462
APP-08960524.FP.FTS.B,
12.99%,
6/06/26
15,923
16,210
APP-08923668.FP.FTS.B,
21.49%,
6/06/26
9,393
9,650
APP-09078022.FP.FTS.B,
16.99%,
6/10/26
16,141
1,634
APP-09081667.FP.FTS.B,
21.49%,
6/10/26
4,576
505
APP-09070140.FP.FTS.B,
12.99%,
6/12/26
10,325
10,516
APP-09074502.FP.FTS.B,
17.49%,
6/12/26
23,763
24,290
APP-09074432.FP.FTS.B,
19.99%,
6/12/26
8,335
8,631
APP-09057421.FP.FTS.B,
21.49%,
6/12/26
25,953
26,717
APP-09070087.FP.FTS.B,
24.49%,
6/12/26
21,744
22,469
APP-08447667.FP.FTS.B,
12.99%,
6/13/26
16,274
16,580
APP-08649324.FP.FTS.B,
20.49%,
6/13/26
17,464
18,048
APP-09045278.FP.FTS.B,
12.99%,
6/14/26
8,206
8,353
APP-09096903.FP.FTS.B,
12.99%,
6/15/26
11,034
11,227
APP-08847769.FP.FTS.B,
14.99%,
6/15/26
10,161
10,358
APP-09213296.FP.FTS.B,
14.99%,
6/15/26
19,582
19,898
APP-09111302.FP.FTS.B,
18.49%,
6/15/26
34,149
35,098
APP-09241097.FP.FTS.B,
20.49%,
6/15/26
15,441
15,890
APP-09242266.FP.FTS.B,
22.99%,
6/15/26
23,125
23,722
APP-09029834.FP.FTS.B,
18.49%,
6/18/26
8,444
8,630
APP-09132903.FP.FTS.B,
18.99%,
6/18/26
14,490
14,943
APP-09125842.FP.FTS.B,
20.49%,
6/18/26
18,070
18,737
APP-09281875.FP.FTS.B,
14.99%,
6/20/26
18,365
18,659
APP-09122466.FP.FTS.B,
16.99%,
6/20/26
18,088
18,453
APP-09290922.FP.FTS.B,
25.49%,
6/22/26
14,311
14,872
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
196
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-09341526.FP.FTS.B,
23.49%,
6/27/26
$
7,265
$
7,554
APP-09198220.FP.FTS.B,
15.49%,
6/28/26
9,443
9,763
APP-09238269.FP.FTS.B,
15.49%,
6/28/26
33,112
33,785
APP-09096348.FP.FTS.B,
18.99%,
6/28/26
16,941
17,334
APP-09201816.FP.FTS.B,
19.49%,
6/28/26
7,471
7,762
APP-08924259.FP.FTS.B,
15.49%,
6/29/26
24,213
24,749
APP-09045155.FP.FTS.B,
20.99%,
6/29/26
10,081
10,418
APP-09355512.FP.FTS.B,
20.99%,
6/29/26
9,849
10,084
APP-08984739.FP.FTS.B,
17.49%,
7/01/26
33,800
34,421
APP-09785029.FP.FTS.B,
17.99%,
7/01/26
6,290
6,353
APP-09789894.FP.FTS.B,
21.49%,
7/01/26
15,664
16,057
APP-09771718.FP.FTS.B,
18.49%,
7/02/26
26,188
26,754
APP-09274045.FP.FTS.B,
22.49%,
7/02/26
18,096
18,551
APP-09717698.FP.FTS.B,
13.24%,
7/03/26
15,048
15,250
APP-09290915.FP.FTS.B,
17.49%,
7/04/26
13,897
14,223
APP-09379010.FP.FTS.B,
22.49%,
7/04/26
16,427
16,853
APP-09029840.FP.FTS.B,
13.49%,
7/05/26
19,225
19,534
APP-09490392.FP.FTS.B,
13.99%,
7/05/26
33,440
33,902
APP-09778974.FP.FTS.B,
21.49%,
7/05/26
32,710
33,485
APP-09569037.FP.FTS.B,
13.24%,
7/06/26
19,242
19,516
APP-09445164.FP.FTS.B,
13.49%,
7/06/26
23,583
23,945
APP-09441854.FP.FTS.B,
17.49%,
7/06/26
13,681
14,015
APP-09427047.FP.FTS.B,
19.99%,
7/06/26
8,578
8,842
APP-09448166.FP.FTS.B,
14.99%,
7/07/26
19,367
19,764
APP-09354737.FP.FTS.B,
15.49%,
7/07/26
5,101
5,193
APP-09207999.FP.FTS.B,
20.49%,
7/07/26
28,407
29,142
APP-09363228.FP.FTS.B,
21.49%,
7/07/26
7,440
4,957
APP-08684302.FP.FTS.B,
13.74%,
7/08/26
24,737
25,099
APP-09331398.FP.FTS.B,
14.99%,
7/09/26
16,335
16,674
APP-09768010.FP.FTS.B,
17.99%,
7/09/26
23,844
24,472
APP-09280276.FP.FTS.B,
18.99%,
7/09/26
14,512
14,827
APP-09778390.FP.FTS.B,
18.99%,
7/09/26
17,147
3,404
APP-09336762.FP.FTS.B,
12.99%,
7/10/26
8,561
8,722
APP-09337683.FP.FTS.B,
13.49%,
7/10/26
29,620
30,224
APP-08447355.FP.FTS.B,
17.49%,
7/10/26
2,772
2,767
APP-09291214.FP.FTS.B,
17.99%,
7/10/26
20,467
21,036
APP-09424879.FP.FTS.B,
17.99%,
7/10/26
6,277
6,427
APP-09351977.FP.FTS.B,
19.49%,
7/10/26
14,130
14,516
APP-09208095.FP.FTS.B,
17.49%,
7/11/26
11,564
11,855
APP-08684475.FP.FTS.B,
18.99%,
7/11/26
7,135
7,351
APP-09343037.FP.FTS.B,
21.99%,
7/11/26
1,460
1,449
APP-09328185.FP.FTS.B,
15.49%,
7/12/26
24,942
25,407
APP-09358023.FP.FTS.B,
16.99%,
7/12/26
19,332
19,724
APP-09045901.FP.FTS.B,
14.99%,
7/13/26
15,041
15,315
APP-09133899.FP.FTS.B,
22.99%,
7/16/26
27,957
28,635
APP-09424321.FP.FTS.B,
22.99%,
7/17/26
12,426
12,457
APP-09284176.FP.FTS.B,
23.49%,
7/18/26
16,715
1,616
APP-08914924.FP.FTS.B,
24.99%,
7/19/26
10,172
10,540
APP-09356919.FP.FTS.B,
15.49%,
7/20/26
19,059
19,444
APP-09360053.FP.FTS.B,
20.99%,
7/20/26
8,031
8,314
APP-09025698.FP.FTS.B,
19.49%,
7/23/26
28,966
5,567
APP-09129616.FP.FTS.B,
20.99%,
7/28/26
14,752
15,270
APP-09433444.FP.FTS.B,
14.99%,
8/06/26
13,544
13,725
APP-10156862.FP.FTS.B,
17.99%,
8/06/26
34,346
34,738
APP-08114000.FP.FTS.B,
13.24%,
8/10/26
15,839
16,088
APP-09377950.FP.FTS.B,
16.49%,
8/10/26
7,627
7,750
APP-09708763.FP.FTS.B,
17.49%,
8/10/26
13,973
14,311
APP-09780659.FP.FTS.B,
17.49%,
8/10/26
22,222
22,620
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-09780914.FP.FTS.B,
18.99%,
8/10/26
$
12,008
$
12,316
APP-09787054.FP.FTS.B,
19.99%,
8/10/26
10,673
10,967
APP-09788080.FP.FTS.B,
20.99%,
8/10/26
21,772
4,584
APP-09789653.FP.FTS.B,
23.49%,
8/10/26
14,582
15,043
APP-09759315.FP.FTS.B,
13.24%,
8/11/26
15,882
16,136
APP-09794481.FP.FTS.B,
13.24%,
8/11/26
16,372
16,630
APP-09593157.FP.FTS.B,
14.74%,
8/12/26
23,897
24,311
APP-09781342.FP.FTS.B,
17.99%,
8/12/26
21,057
21,597
APP-09717599.FP.FTS.B,
19.99%,
8/12/26
7,761
7,943
APP-09808235.FP.FTS.B,
19.49%,
8/13/26
21,234
21,757
APP-09291173.FP.FTS.B,
13.24%,
8/15/26
19,072
19,381
APP-09778508.FP.FTS.B,
13.24%,
8/15/26
18,053
18,346
APP-09795345.FP.FTS.B,
13.24%,
8/15/26
18,975
19,287
APP-10135702.FP.FTS.B,
14.24%,
8/15/26
296
295
APP-10045496.FP.FTS.B,
14.49%,
8/15/26
7,302
7,408
APP-09788637.FP.FTS.B,
17.99%,
8/15/26
24,664
25,252
APP-09745779.FP.FTS.B,
18.49%,
8/15/26
7,896
7,906
APP-09708666.FP.FTS.B,
19.49%,
8/15/26
16,246
16,733
APP-09766832.FP.FTS.B,
19.99%,
8/15/26
5,724
5,868
APP-09746385.FP.FTS.B,
24.49%,
8/15/26
5,761
5,937
APP-10272491.FP.FTS.B,
14.24%,
8/17/26
13,317
13,535
APP-09780110.FP.FTS.B,
15.99%,
8/17/26
33,189
33,797
APP-10176592.FP.FTS.B,
15.99%,
8/17/26
33,879
34,536
APP-10169709.FP.FTS.B,
16.99%,
8/17/26
19,197
19,568
APP-09794920.FP.FTS.B,
21.49%,
8/17/26
15,205
15,695
APP-10214566.FP.FTS.B,
17.99%,
8/18/26
18,117
18,575
APP-10213964.FP.FTS.B,
18.99%,
8/18/26
13,017
13,346
APP-10246936.FP.FTS.B,
9.99%,
8/20/26
.
12,367
12,572
APP-10170330.FP.FTS.B,
11.99%,
8/20/26
9,050
9,198
APP-10244412.FP.FTS.B,
14.24%,
8/20/26
13,147
13,372
APP-09717880.FP.FTS.B,
15.74%,
8/20/26
18,558
18,909
APP-10163490.FP.FTS.B,
17.99%,
8/20/26
18,157
18,622
APP-09778451.FP.FTS.B,
18.99%,
8/20/26
16,514
16,947
APP-09791612.FP.FTS.B,
18.99%,
8/20/26
35,694
36,637
APP-10236085.FP.FTS.B,
19.99%,
8/20/26
7,247
7,443
APP-09767793.FP.FTS.B,
20.49%,
8/20/26
14,362
14,752
APP-10195666.FP.FTS.B,
20.99%,
8/20/26
22,908
23,573
APP-10244692.FP.FTS.B,
20.99%,
8/20/26
10,296
10,290
APP-09811789.FP.FTS.B,
22.49%,
8/20/26
5,495
5,677
APP-09794262.FP.FTS.B,
25.49%,
8/20/26
6,955
7,189
APP-10127112.FP.FTS.B,
16.49%,
8/21/26
10,619
10,820
APP-10233694.FP.FTS.B,
18.99%,
8/21/26
13,532
13,916
APP-10243564.FP.FTS.B,
20.49%,
8/21/26
15,165
15,513
APP-10246680.FP.FTS.B,
20.99%,
8/21/26
7,748
7,941
APP-10144266.FP.FTS.B,
22.99%,
8/21/26
53
52
APP-10293482.FP.FTS.B,
11.99%,
8/22/26
11,450
11,615
APP-09717638.FP.FTS.B,
13.24%,
8/22/26
14,024
14,282
APP-09766134.FP.FTS.B,
15.24%,
8/23/26
17,349
17,696
APP-10258074.FP.FTS.B,
16.99%,
8/23/26
12,441
12,812
APP-09788355.FP.FTS.B,
17.99%,
8/23/26
37,662
7,206
APP-09569048.FP.FTS.B,
19.99%,
8/23/26
15,115
15,594
APP-09778481.FP.FTS.B,
19.99%,
8/23/26
9,392
9,715
APP-09791696.FP.FTS.B,
19.99%,
8/23/26
14,439
14,896
APP-09790905.FP.FTS.B,
13.24%,
8/24/26
10,708
10,913
APP-09726787.FP.FTS.B,
15.24%,
8/24/26
11,169
11,396
APP-09787833.FP.FTS.B,
15.74%,
8/24/26
27,903
28,473
APP-09794319.FP.FTS.B,
15.74%,
8/24/26
18,832
19,217
APP-09708684.FP.FTS.B,
21.49%,
8/24/26
36,584
37,771
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
197
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-09799620.FP.FTS.B,
21.99%,
8/24/26
$
7,751
$
1,641
APP-09759659.FP.FTS.B,
13.24%,
8/25/26
21,835
22,261
APP-09812236.FP.FTS.B,
13.24%,
8/26/26
15,474
15,783
APP-09811518.FP.FTS.B,
15.74%,
8/27/26
19,132
19,550
APP-10308476.FP.FTS.B,
20.49%,
8/28/26
18,395
18,988
APP-10352432.FP.FTS.B,
11.99%,
9/01/26
13,432
13,605
APP-09094872.FP.FTS.B,
14.99%,
9/01/26
20,385
20,686
APP-09019228.FP.FTS.B,
16.99%,
9/05/26
14,693
15,018
APP-10389562.FP.FTS.B,
17.49%,
9/05/26
14,373
14,636
APP-10525907.FP.FTS.B,
11.99%,
9/15/26
12,949
13,163
APP-10400798.FP.FTS.B,
14.24%,
9/15/26
16,371
16,655
APP-10158390.FP.FTS.B,
12.49%,
9/21/26
27,473
27,926
APP-10201640.FP.FTS.B,
21.49%,
9/22/26
15,197
15,659
APP-10237332.FP.FTS.B,
10.49%,
9/23/26
1,862
1,863
APP-10209954.FP.FTS.B,
16.49%,
9/23/26
9,271
9,461
APP-10203826.FP.FTS.B,
13.24%,
9/25/26
34,745
35,386
APP-10244251.FP.FTS.B,
20.49%,
9/28/26
18,961
19,194
APP-10663520.FP.FTS.B,
12.49%,
9/30/26
27,038
27,501
APP-10211394.FP.FTS.B,
14.24%,
9/30/26
14,363
14,660
APP-10156728.FP.FTS.B,
11.74%,
10/01/26
9,380
9,523
APP-10203378.FP.FTS.B,
18.99%,
10/01/26
..........................
12,280
12,493
APP-10115186.FP.FTS.B,
23.49%,
10/01/26
15,706
16,024
APP-10206598.FP.FTS.B,
23.49%,
10/01/26
..........................
8,250
8,417
APP-10195837.FP.FTS.B,
11.99%,
10/02/26
12,313
12,504
APP-10135726.FP.FTS.B,
16.99%,
10/02/26
..........................
17,570
17,856
APP-10622691.FP.FTS.B,
18.99%,
10/02/26
..........................
9,734
9,917
APP-10210290.FP.FTS.B,
19.99%,
10/02/26
..........................
6,376
6,501
APP-10156986.FP.FTS.B,
19.99%,
10/03/26
..........................
16,223
16,543
APP-10220069.FP.FTS.B,
11.99%,
10/04/26
21,144
21,508
APP-10156629.FP.FTS.B,
14.49%,
10/04/26
..........................
7,075
7,190
APP-10226583.FP.FTS.B,
16.99%,
10/04/26
..........................
19,111
19,373
APP-10005303.FP.FTS.B,
17.49%,
10/04/26
..........................
9,729
9,952
APP-10156876.FP.FTS.B,
17.49%,
10/04/26
..........................
30,529
30,968
APP-10229284.FP.FTS.B,
18.99%,
10/04/26
..........................
11,276
6,492
APP-10242846.FP.FTS.B,
20.49%,
10/04/26
..........................
13,550
13,811
APP-10374305.FP.FTS.B,
11.99%,
10/05/26
13,983
14,187
APP-10237302.FP.FTS.B,
13.24%,
10/05/26
..........................
35,734
36,322
APP-10157026.FP.FTS.B,
14.24%,
10/05/26
..........................
11,000
11,185
APP-10200104.FP.FTS.B,
16.99%,
10/06/26
..........................
20,300
1,945
APP-10269575.FP.FTS.B,
18.99%,
10/06/26
..........................
18,630
19,007
APP-10253670.FP.FTS.B,
19.99%,
10/06/26
..........................
5,518
5,642
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-10156578.FP.FTS.B,
17.99%,
10/07/26
..........................
$
21,412
$
21,928
APP-10692650.FP.FTS.B,
11.99%,
10/08/26
12,701
12,887
APP-10670486.FP.FTS.B,
12.74%,
10/08/26
..........................
16,659
16,825
APP-10091993.FP.FTS.B,
19.99%,
10/08/26
..........................
15,047
15,377
APP-10744150.FP.FTS.B,
20.49%,
10/08/26
..........................
19,598
19,935
APP-10776411.FP.FTS.B,
11.99%,
10/09/26
21,420
21,739
APP-10776963.FP.FTS.B,
14.24%,
10/09/26
..........................
15,955
16,199
APP-10710819.FP.FTS.B,
16.99%,
10/09/26
..........................
13,372
13,584
APP-10291582.FP.FTS.B,
17.49%,
10/09/26
..........................
14,593
14,859
APP-10682190.FP.FTS.B,
19.49%,
10/09/26
..........................
15,382
15,737
APP-10476345.FP.FTS.B,
13.24%,
10/12/26
..........................
35,304
35,847
APP-10477663.FP.FTS.B,
20.99%,
10/12/26
..........................
29,800
30,507
APP-10477679.FP.FTS.B,
17.49%,
10/14/26
..........................
20,695
21,118
APP-10422166.FP.FTS.B,
14.24%,
10/15/26
..........................
14,062
1,561
APP-10433068.FP.FTS.B,
15.49%,
10/15/26
..........................
35,965
36,541
APP-10508459.FP.FTS.B,
15.99%,
10/15/26
..........................
32,416
32,912
APP-10199991.FP.FTS.B,
16.99%,
10/15/26
..........................
14,617
14,883
APP-10480948.FP.FTS.B,
17.49%,
10/15/26
..........................
13,417
13,689
APP-10274873.FP.FTS.B,
20.49%,
10/15/26
..........................
14,620
14,962
APP-10389402.FP.FTS.B,
22.99%,
10/15/26
..........................
15,435
1,811
APP-10505100.FP.FTS.B,
25.49%,
10/15/26
..........................
6,558
6,753
APP-10365188.FP.FTS.B,
14.24%,
10/17/26
..........................
10,752
10,945
APP-10514404.FP.FTS.B,
18.99%,
10/17/26
..........................
18,063
18,479
APP-10408188.FP.FTS.B,
18.99%,
10/18/26
..........................
11,284
11,524
APP-10352466.FP.FTS.B,
19.99%,
10/18/26
..........................
10,109
10,378
APP-10463389.FP.FTS.B,
12.49%,
10/20/26
..........................
28,223
28,703
APP-10091267.FP.FTS.B,
13.74%,
10/20/26
..........................
8,903
9,063
APP-10096145.FP.FTS.B,
14.24%,
10/20/26
..........................
17,935
18,262
APP-10519975.FP.FTS.B,
20.99%,
10/20/26
..........................
8,420
8,396
APP-10518491.FP.FTS.B,
20.49%,
10/22/26
..........................
17,970
18,494
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
198
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-10520303.FP.FTS.B,
12.49%,
10/23/26
..........................
$
24,356
$
24,795
APP-10432275.FP.FTS.B,
12.49%,
10/24/26
..........................
17,966
18,195
APP-10463469.FP.FTS.B,
18.99%,
10/24/26
..........................
38,089
38,970
APP-10362761.FP.FTS.B,
22.99%,
10/24/26
..........................
13,394
1,385
APP-10364110.FP.FTS.B,
11.24%,
10/25/26
35,023
35,662
APP-10475943.FP.FTS.B,
14.74%,
10/25/26
..........................
29,112
29,682
APP-10476876.FP.FTS.B,
16.99%,
10/25/26
..........................
18,157
18,538
APP-10512737.FP.FTS.B,
17.49%,
10/25/26
..........................
14,704
15,088
APP-10352703.FP.FTS.B,
11.99%,
10/26/26
17,947
18,282
APP-10511819.FP.FTS.B,
14.74%,
10/28/26
25,909
26,449
APP-10352498.FP.FTS.B,
18.49%,
10/28/26
..........................
10,480
10,760
APP-10516614.FP.FTS.B,
11.99%,
10/29/26
16,663
16,985
APP-10352813.FP.FTS.B,
14.24%,
10/29/26
..........................
13,588
13,872
APP-10432641.FP.FTS.B,
15.49%,
10/29/26
..........................
22,736
23,231
APP-10521838.FP.FTS.B,
17.99%,
10/29/26
..........................
20,061
20,585
APP-10459435.FP.FTS.B,
19.99%,
10/29/26
..........................
9,491
9,778
APP-10482607.FP.FTS.B,
22.49%,
10/29/26
..........................
7,941
2,735
APP-10527263.FP.FTS.B,
12.24%,
10/30/26
..........................
10,840
11,060
APP-10482600.FP.FTS.B,
16.49%,
10/30/26
..........................
8,790
8,969
APP-10481822.FP.FTS.B,
18.49%,
10/30/26
..........................
19,101
19,469
APP-10537549.FP.FTS.B,
11.99%,
11/02/26
20,149
20,466
APP-10583684.FP.FTS.B,
16.99%,
11/02/26
14,945
15,184
APP-10606158.FP.FTS.B,
14.74%,
11/05/26
20,538
20,826
APP-11307937.FP.FTS.B,
11.99%,
11/08/26
16,235
16,448
APP-09709453.FP.FTS.B,
14.24%,
11/09/26
14,006
14,215
APP-11099818.FP.FTS.B,
16.49%,
11/09/26
8,952
9,074
APP-11236671.FP.FTS.B,
14.49%,
11/10/26
7,009
7,101
APP-10765319.FP.FTS.B,
14.49%,
11/11/26
5,456
5,540
APP-11395641.FP.FTS.B,
11.99%,
11/14/26
20,305
20,582
APP-10679263.FP.FTS.B,
17.49%,
11/14/26
4,169
4,153
APP-10714394.FP.FTS.B,
11.99%,
11/15/26
21,492
21,832
APP-10763123.FP.FTS.B,
13.24%,
11/15/26
36,150
36,722
APP-11304024.FP.FTS.B,
17.49%,
11/15/26
10,566
10,775
APP-10672023.FP.FTS.B,
18.49%,
11/15/26
15,106
15,431
APP-11314507.FP.FTS.B,
19.99%,
11/15/26
11,550
11,813
APP-11338199.FP.FTS.B,
20.99%,
11/15/26
23,013
23,477
APP-10688392.FP.FTS.B,
21.99%,
11/15/26
19,371
19,799
APP-10606168.FP.FTS.B,
11.99%,
11/16/26
18,088
18,419
APP-10624425.FP.FTS.B,
11.99%,
11/16/26
15,225
15,485
APP-10683987.FP.FTS.B,
12.49%,
11/16/26
28,923
29,420
APP-10689192.FP.FTS.B,
12.49%,
11/16/26
28,914
29,411
APP-10561131.FP.FTS.B,
17.49%,
11/16/26
26,045
26,533
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-10769646.FP.FTS.B,
11.99%,
11/18/26
$
18,037
$
18,321
APP-10768778.FP.FTS.B,
14.74%,
11/18/26
29,324
29,834
APP-11277516.FP.FTS.B,
18.49%,
11/18/26
19,655
20,014
APP-11305757.FP.FTS.B,
11.99%,
11/19/26
18,248
18,546
APP-11237613.FP.FTS.B,
14.49%,
11/19/26
8,463
8,601
APP-10673814.FP.FTS.B,
19.99%,
11/19/26
12,340
2,606
APP-11296028.FP.FTS.B,
23.49%,
11/19/26
40,352
40,724
APP-10756762.FP.FTS.B,
12.49%,
11/21/26
23,857
24,276
APP-10750422.FP.FTS.B,
17.49%,
11/21/26
15,468
15,748
APP-10769483.FP.FTS.B,
17.99%,
11/22/26
21,759
22,274
APP-10764525.FP.FTS.B,
20.49%,
11/22/26
14,156
14,522
APP-10624096.FP.FTS.B,
14.24%,
11/23/26
13,754
14,016
APP-10780891.FP.FTS.B,
17.99%,
11/23/26
34,197
34,837
APP-11103030.FP.FTS.B,
20.49%,
11/23/26
18,435
18,927
APP-10692601.FP.FTS.B,
22.49%,
11/23/26
7,536
7,738
APP-10762415.FP.FTS.B,
17.99%,
11/24/26
10,773
11,023
APP-11304530.FP.FTS.B,
21.49%,
11/24/26
38,665
39,633
APP-11387591.FP.FTS.B,
14.49%,
11/25/26
7,041
7,150
APP-11333408.FP.FTS.B,
17.99%,
11/25/26
10,282
10,575
APP-11386113.FP.FTS.B,
18.99%,
11/25/26
5,722
5,855
APP-09940038.FP.FTS.B,
17.49%,
11/29/26
13,592
13,946
APP-10234140.FP.FTS.B,
15.49%,
12/01/26
..........................
33,466
33,963
APP-09433384.FP.FTS.B,
19.49%,
12/05/26
..........................
14,011
1,611
APP-11693780.FP.FTS.B,
10.99%,
12/16/26
25,019
25,363
APP-11741440.FP.FTS.B,
19.99%,
12/16/26
8,110
8,244
APP-11301348.FP.FTS.B,
15.99%,
12/19/26
19,892
20,219
APP-11304077.FP.FTS.B,
18.99%,
12/20/26
16,432
16,811
APP-11312173.FP.FTS.B,
20.49%,
12/20/26
19,280
19,745
APP-11283905.FP.FTS.B,
15.99%,
12/21/26
37,970
38,566
APP-11336215.FP.FTS.B,
17.99%,
12/21/26
6,393
1,213
APP-11277746.FP.FTS.B,
25.49%,
12/21/26
7,913
8,099
APP-11187285.FP.FTS.B,
12.49%,
12/22/26
29,346
29,828
APP-11320504.FP.FTS.B,
17.99%,
12/22/26
15,363
15,696
APP-10580822.FP.FTS.B,
18.49%,
12/22/26
..........................
15,560
15,849
APP-11740757.FP.FTS.B,
19.74%,
12/22/26
30,671
6,643
APP-11237793.FP.FTS.B,
18.99%,
12/23/26
8,704
2,738
APP-11798644.FP.FTS.B,
18.99%,
12/24/26
6,316
6,445
APP-11800198.FP.FTS.B,
16.99%,
12/25/26
15,122
15,382
APP-11318066.FP.FTS.B,
17.49%,
12/25/26
12,095
12,379
APP-11194578.FP.FTS.B,
18.99%,
12/25/26
14,472
14,799
APP-11283955.FP.FTS.B,
14.24%,
12/26/26
12,588
12,813
APP-11399469.FP.FTS.B,
16.49%,
12/26/26
5,947
5,982
APP-11395038.FP.FTS.B,
16.99%,
12/26/26
11,465
11,618
APP-11361916.FP.FTS.B,
23.49%,
12/26/26
39,188
40,354
APP-11305667.FP.FTS.B,
20.49%,
12/27/26
21,598
22,147
APP-11776378.FP.FTS.B,
20.49%,
12/27/26
30,653
31,413
APP-11124061.FP.FTS.B,
11.99%,
12/28/26
20,161
20,518
APP-11306747.FP.FTS.B,
14.24%,
12/28/26
12,235
12,437
APP-11740044.FP.FTS.B,
15.24%,
12/28/26
30,237
30,777
APP-10606291.FP.FTS.B,
18.49%,
12/28/26
..........................
17,114
17,396
APP-11800507.FP.FTS.B,
18.49%,
12/28/26
15,765
16,098
APP-11306703.FP.FTS.B,
18.99%,
12/28/26
18,119
18,501
APP-08869934.FP.FTS.B,
21.99%,
12/28/26
..........................
9,588
3,289
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
199
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-11410923.FP.FTS.B,
23.49%,
12/28/26
$
7,959
$
8,152
APP-11789125.FP.FTS.B,
11.24%,
12/29/26
25,482
25,873
APP-11798578.FP.FTS.B,
11.74%,
12/29/26
33,986
34,548
APP-11807330.FP.FTS.B,
17.99%,
12/29/26
7,867
8,006
APP-11789087.FP.FTS.B,
18.99%,
12/29/26
11,855
12,105
APP-11266733.FP.FTS.B,
11.99%,
12/30/26
19,819
20,153
APP-11217813.FP.FTS.B,
14.24%,
12/30/26
17,701
18,037
APP-11285613.FP.FTS.B,
16.49%,
12/31/26
10,029
10,145
APP-09781974.FP.FTS.B,
17.49%,
12/31/26
..........................
14,923
1,802
APP-11138919.FP.FTS.B,
11.99%,
1/01/27
11,104
11,282
APP-11036230.FP.FTS.B,
18.99%,
1/01/27
13,276
13,422
APP-11277041.FP.FTS.B,
20.49%,
1/01/27
18,415
18,564
APP-11377526.FP.FTS.B,
20.49%,
1/01/27
18,910
19,104
APP-11271721.FP.FTS.B,
11.99%,
1/02/27
12,750
12,948
APP-11279541.FP.FTS.B,
12.49%,
1/02/27
26,861
27,288
APP-11237906.FP.FTS.B,
14.99%,
1/02/27
16,216
16,469
APP-11315623.FP.FTS.B,
15.49%,
1/02/27
14,447
14,705
APP-11008190.FP.FTS.B,
17.49%,
1/02/27
25,336
2,216
APP-10840208.FP.FTS.B,
18.49%,
1/02/27
12,996
13,109
APP-11319315.FP.FTS.B,
19.99%,
1/02/27
4,003
3,964
APP-11341268.FP.FTS.B,
12.49%,
1/03/27
30,055
30,498
APP-11194668.FP.FTS.B,
14.24%,
1/03/27
14,944
15,145
APP-11333109.FP.FTS.B,
15.99%,
1/03/27
17,586
17,813
APP-11333811.FP.FTS.B,
16.99%,
1/03/27
11,625
11,755
APP-11265912.FP.FTS.B,
17.49%,
1/03/27
9,821
9,955
APP-11196657.FP.FTS.B,
17.99%,
1/03/27
11,892
11,872
APP-11329490.FP.FTS.B,
17.99%,
1/03/27
7,841
7,929
APP-11313333.FP.FTS.B,
20.99%,
1/03/27
24,858
14,599
APP-11323384.FP.FTS.B,
12.74%,
1/04/27
23,145
23,462
APP-11332983.FP.FTS.B,
18.99%,
1/04/27
11,788
11,927
APP-11399720.FP.FTS.B,
21.49%,
1/04/27
16,640
16,819
APP-11355890.FP.FTS.B,
14.74%,
1/07/27
30,481
30,931
APP-11389311.FP.FTS.B,
17.49%,
1/07/27
31,102
31,610
APP-11333372.FP.FTS.B,
18.49%,
1/07/27
15,168
15,361
APP-11375423.FP.FTS.B,
18.49%,
1/07/27
16,915
10,287
APP-11393178.FP.FTS.B,
18.99%,
1/07/27
11,803
11,974
APP-11370718.FP.FTS.B,
23.49%,
1/07/27
16,141
16,344
APP-11306719.FP.FTS.B,
11.99%,
1/08/27
11,895
12,094
APP-11128695.FP.FTS.B,
14.49%,
1/08/27
5,721
5,816
APP-11385154.FP.FTS.B,
18.99%,
1/08/27
11,755
11,908
APP-11396422.FP.FTS.B,
18.99%,
1/08/27
14,537
14,752
APP-10916969.FP.FTS.B,
19.99%,
1/08/27
8,510
8,637
APP-10266247.FP.FTS.B,
21.99%,
1/08/27
8,048
8,181
APP-11393205.FP.FTS.B,
21.99%,
1/08/27
8,009
8,127
APP-11294990.FP.FTS.B,
22.49%,
1/08/27
9,689
9,773
APP-11392548.FP.FTS.B,
22.99%,
1/08/27
11,460
11,642
APP-11373885.FP.FTS.B,
14.49%,
1/09/27
8,014
8,149
APP-11395025.FP.FTS.B,
15.49%,
1/09/27
13,218
13,417
APP-11394790.FP.FTS.B,
15.99%,
1/09/27
21,330
6,601
APP-11380536.FP.FTS.B,
17.49%,
1/09/27
15,578
15,820
APP-11381570.FP.FTS.B,
17.99%,
1/09/27
6,453
3,409
APP-11335531.FP.FTS.B,
16.99%,
1/10/27
14,033
14,250
APP-11408867.FP.FTS.B,
20.49%,
1/10/27
24,222
5,080
APP-12243964.FP.FTS.B,
19.99%,
1/15/27
11,791
11,973
APP-12266273.FP.FTS.B,
23.74%,
1/18/27
21,314
21,664
APP-12233402.FP.FTS.B,
21.49%,
1/20/27
14,635
14,905
APP-12250959.FP.FTS.B,
11.74%,
1/25/27
37,868
38,478
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-09818529.FP.FTS.B,
17.49%,
1/25/27
$
15,140
$
15,493
APP-12185049.FP.FTS.B,
19.99%,
1/25/27
9,519
9,725
APP-12245776.FP.FTS.B,
22.49%,
1/25/27
10,685
10,832
APP-12231521.FP.FTS.B,
17.24%,
1/26/27
28,583
29,156
APP-12146298.FP.FTS.B,
8.99%,
1/27/27
.
29,046
29,512
APP-12251026.FP.FTS.B,
11.24%,
1/27/27
11,932
12,131
APP-12244510.FP.FTS.B,
17.49%,
1/27/27
11,761
12,002
APP-12151284.FP.FTS.B,
17.99%,
1/27/27
15,724
16,089
APP-12241564.FP.FTS.B,
19.99%,
1/27/27
19,263
19,667
APP-12247637.FP.FTS.B,
19.99%,
1/27/27
25,113
25,702
APP-12243989.FP.FTS.B,
21.99%,
1/27/27
7,870
8,039
APP-09045963.FP.FTS.B,
15.49%,
1/31/27
27,287
27,624
APP-11391376.FP.FTS.B,
19.99%,
1/31/27
17,739
17,812
APP-11772938.FP.FTS.B,
16.49%,
2/01/27
15,492
15,701
APP-11693698.FP.FTS.B,
16.74%,
2/02/27
39,154
39,654
APP-11317083.FP.FTS.B,
20.49%,
2/03/27
8,341
5,428
APP-11795116.FP.FTS.B,
11.74%,
2/04/27
19,772
20,044
APP-11791702.FP.FTS.B,
13.24%,
2/05/27
23,235
23,647
APP-11785699.FP.FTS.B,
18.99%,
2/05/27
13,004
13,145
APP-11396135.FP.FTS.B,
18.99%,
2/08/27
19,871
11,374
APP-11753813.FP.FTS.B,
9.24%,
2/09/27
.
11,279
11,464
APP-11798862.FP.FTS.B,
16.49%,
2/09/27
10,209
10,366
APP-11810406.FP.FTS.B,
11.74%,
2/10/27
38,134
38,740
APP-11810344.FP.FTS.B,
17.49%,
2/10/27
20,815
21,099
APP-11787878.FP.FTS.B,
19.99%,
2/10/27
6,026
6,106
APP-11805029.FP.FTS.B,
25.49%,
2/10/27
8,289
8,380
APP-11740981.FP.FTS.B,
9.24%,
2/11/27
.
12,272
6,249
APP-11779303.FP.FTS.B,
10.99%,
2/11/27
15,183
15,426
APP-11496336.FP.FTS.B,
11.24%,
2/11/27
12,939
13,145
APP-11791248.FP.FTS.B,
11.24%,
2/11/27
30,419
30,896
APP-11799511.FP.FTS.B,
13.49%,
2/11/27
11,483
11,670
APP-11496149.FP.FTS.B,
13.74%,
2/11/27
4,794
4,828
APP-11823747.FP.FTS.B,
13.74%,
2/11/27
8,855
9,001
APP-11788952.FP.FTS.B,
16.49%,
2/11/27
11,806
12,000
APP-11795686.FP.FTS.B,
16.49%,
2/11/27
12,112
12,312
APP-11779953.FP.FTS.B,
16.74%,
2/11/27
39,415
40,067
APP-11769543.FP.FTS.B,
18.24%,
2/11/27
169
167
APP-11238359.FP.FTS.B,
18.99%,
2/11/27
21,581
21,878
APP-11789582.FP.FTS.B,
19.49%,
2/11/27
10,565
10,703
APP-11805082.FP.FTS.B,
19.49%,
2/11/27
17,035
17,273
APP-11804667.FP.FTS.B,
19.99%,
2/11/27
17,382
17,628
APP-09354449.FP.FTS.B,
23.49%,
2/11/27
12,385
12,536
APP-11807542.FP.FTS.B,
10.99%,
2/12/27
30,381
30,875
APP-11793986.FP.FTS.B,
11.24%,
2/12/27
11,032
11,212
APP-11794207.FP.FTS.B,
11.49%,
2/12/27
11,432
11,616
APP-11694425.FP.FTS.B,
11.74%,
2/12/27
32,375
32,903
APP-11798052.FP.FTS.B,
18.49%,
2/12/27
23,414
23,702
APP-11753796.FP.FTS.B,
19.99%,
2/12/27
11,968
12,107
APP-11805436.FP.FTS.B,
22.49%,
2/12/27
8,169
8,275
APP-10315402.FP.FTS.B,
22.99%,
2/15/27
13,288
13,455
APP-10688549.FP.FTS.B,
18.99%,
2/16/27
25,537
25,814
APP-11339522.FP.FTS.B,
23.49%,
2/21/27
16,338
16,557
APP-10459721.FP.FTS.B,
20.99%,
2/23/27
32,018
32,451
APP-11307115.FP.FTS.B,
21.99%,
2/28/27
22,355
22,477
APP-12237250.FP.FTS.B,
10.99%,
3/01/27
30,994
31,458
APP-12280379.FP.FTS.B,
16.49%,
3/01/27
15,886
15,962
APP-12236364.FP.FTS.B,
17.24%,
3/01/27
31,182
31,472
APP-12228409.FP.FTS.B,
19.99%,
3/01/27
10,775
10,803
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
200
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-12245849.FP.FTS.B,
19.99%,
3/01/27
$
14,088
$
14,207
APP-12263763.FP.FTS.B,
22.49%,
3/01/27
28,978
17,893
APP-12106034.FP.FTS.B,
11.24%,
3/04/27
18,117
18,361
APP-12189756.FP.FTS.B,
18.24%,
3/04/27
25,434
25,635
APP-12231816.FP.FTS.B,
19.49%,
3/04/27
12,296
1,296
APP-12180444.FP.FTS.B,
25.49%,
3/04/27
8,363
8,390
APP-12262293.FP.FTS.B,
10.99%,
3/05/27
26,069
26,439
APP-12243171.FP.FTS.B,
16.24%,
3/05/27
25,682
26,032
APP-12247272.FP.FTS.B,
22.24%,
3/06/27
24,635
5,437
APP-12172287.FP.FTS.B,
19.99%,
3/07/27
13,086
13,254
APP-12017319.FP.FTS.B,
10.99%,
3/09/27
24,788
25,170
APP-12228513.FP.FTS.B,
20.24%,
3/09/27
22,896
23,051
APP-12130498.FP.FTS.B,
13.24%,
3/10/27
16,691
16,954
APP-12212103.FP.FTS.B,
16.49%,
3/10/27
17,562
9,234
APP-12213871.FP.FTS.B,
19.99%,
3/11/27
16,810
16,993
APP-11800362.FP.FTS.B,
25.49%,
3/11/27
9,129
9,236
APP-11799128.FP.FTS.B,
10.99%,
3/12/27
17,282
17,569
APP-12244387.FP.FTS.B,
11.24%,
3/12/27
24,500
24,886
APP-12250156.FP.FTS.B,
11.74%,
3/12/27
38,923
39,565
APP-12245031.FP.FTS.B,
19.99%,
3/12/27
20,468
20,662
APP-12248151.FP.FTS.B,
19.99%,
3/12/27
19,211
2,389
APP-11821897.FP.FTS.B,
25.49%,
3/12/27
2,319
2,284
APP-12246518.FP.FTS.B,
13.24%,
3/13/27
17,615
17,910
APP-12236483.FP.FTS.B,
15.24%,
3/13/27
31,571
31,954
APP-11238158.FP.FTS.B,
16.49%,
3/13/27
18,261
5,778
APP-12050299.FP.FTS.B,
17.99%,
3/13/27
8,709
8,802
APP-12260011.FP.FTS.B,
18.24%,
3/14/27
28,320
28,638
APP-10550902.FP.FTS.B,
9.99%,
3/24/27
.
22,770
23,171
APP-11376149.FP.FTS.B,
20.99%,
3/25/27
15,209
15,456
APP-10156518.FP.FTS.B,
19.99%,
3/31/27
10,997
11,111
APP-10221821.FP.FTS.B,
15.49%,
4/02/27
24,024
24,438
APP-11304753.FP.FTS.B,
16.99%,
4/08/27
12,255
12,423
APP-11794186.FP.FTS.B,
14.74%,
4/12/27
39,646
20,848
APP-12241288.FP.FTS.B,
22.99%,
4/13/27
40,717
41,240
APP-12269168.FP.FTS.B,
22.49%,
4/28/27
9,082
3,143
APP-09447903.FP.FTS.B,
23.49%,
5/06/27
16,731
16,807
APP-11579250.FP.FTS.B,
11.24%,
5/15/27
27,046
27,415
APP-11689215.FP.FTS.B,
14.74%,
5/18/27
24,659
6,953
APP-10479319.FP.FTS.B,
19.49%,
5/28/27
25,276
25,571
APP-11301237.FP.FTS.B,
18.49%,
6/02/27
15,432
15,474
APP-12077324.FP.FTS.B,
17.99%,
6/10/27
22,264
22,202
APP-10608955.FP.FTS.B,
19.49%,
6/23/27
43,079
14,222
APP-11798675.FP.FTS.B,
15.49%,
7/10/27
11,992
6,748
APP-12222310.FP.FTS.B,
18.24%,
8/21/27
35,748
36,024
APP-11800371.FP.FTS.B,
19.74%,
10/10/27
36,607
36,510
APP-11254936.FP.FTS.B,
20.99%,
3/17/28
36,485
7,881
APP-08932151.FP.FTS.B,
14.49%,
5/31/33
118
118
APP-10247533.FP.FTS.B,
12.99%,
8/19/33
555
556
APP-10246465.FP.FTS.B,
5.99%,
8/21/33
.
424
425
11,494,481
LendingClub
Corp.
-
LCX
157826557.LC.FTS.B,
12.4%,
11/03/24
...
8,560
8,025
160977025.LC.FTS.B,
12.4%,
11/12/24
...
12,124
11,831
161569311.LC.FTS.B,
8.19%,
11/20/24
...
12,406
12,180
162876938.LC.FTS.B,
8.81%,
12/06/24
...
7,570
7,429
161914714.LC.FTS.B,
18.62%,
12/06/24
..
11,457
11,344
163477091.LC.FTS.B,
11.02%,
12/20/24
..
10,255
9,967
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
(continued)
163145010.LC.FTS.B,
11.02%,
12/23/24
..
$
13,817
$
13,407
164033983.LC.FTS.B,
8.19%,
12/30/24
...
9,284
8,749
163849354.LC.FTS.B,
11.71%,
12/30/24
..
2,945
2,857
163859690.LC.FTS.B,
16.95%,
1/03/25
...
7,843
7,387
164222970.LC.FTS.B,
8.19%,
1/07/25
...
13,755
13,477
163973756.LC.FTS.B,
12.4%,
1/12/25
...
14,952
14,483
164807302.LC.FTS.B,
8.81%,
1/15/25
...
13,904
13,617
165157005.LC.FTS.B,
14.3%,
1/21/25
...
9,808
9,532
165333612.LC.FTS.B,
11.71%,
1/23/25
...
4,358
4,100
165427525.LC.FTS.B,
14.3%,
1/23/25
...
5,409
5,270
165461334.LC.FTS.B,
14.3%,
1/24/25
...
2,265
2,205
164424854.LC.FTS.B,
16.12%,
1/24/25
...
6,976
6,793
165508383.LC.FTS.B,
15.24%,
1/27/25
...
13,393
13,046
165618377.LC.FTS.B,
8.81%,
1/28/25
...
4,514
4,217
165490643.LC.FTS.B,
18.62%,
2/08/25
...
13,582
13,289
166868646.LC.FTS.B,
16.12%,
2/18/25
...
2,032
1,915
166989795.LC.FTS.B,
20.55%,
2/20/25
...
13,774
13,577
167033130.LC.FTS.B,
20.55%,
2/20/25
...
4,554
4,477
166982249.LC.FTS.B,
20.55%,
2/21/25
...
5,178
5,124
166977058.LC.FTS.B,
23.05%,
2/22/25
...
7,240
7,124
166995526.LC.FTS.B,
25.65%,
2/23/25
...
7,445
7,346
167165051.LC.FTS.B,
16.12%,
2/24/25
...
4,065
3,955
167008405.LC.FTS.B,
16.95%,
2/24/25
...
13,598
13,166
167016743.LC.FTS.B,
16.95%,
2/24/25
...
13,219
12,863
168170703.LC.FTS.B,
8.19%,
3/13/25
...
5,812
5,426
163371603.LC.FTS.B,
10.33%,
3/13/25
...
4,143
3,822
168563219.LC.FTS.B,
8.81%,
3/19/25
...
7,630
7,216
165509821.LC.FTS.B,
11.71%,
3/31/25
...
5,634
5,137
165799463.LC.FTS.B,
12.4%,
3/31/25
...
5,413
4,990
165450743.LC.FTS.B,
16.95%,
3/31/25
...
12,193
4,589
168657342.LC.FTS.B,
Zero
Cpn,
4/14/25
.
15,344
–
163257946.LC.FTS.B,
13.08%,
10/24/25
..
15,588
14,850
163548042.LC.FTS.B,
6.46%,
12/19/32
...
1,560
1,540
167474153.LC.FTS.B,
8.81%,
2/27/33
...
1,353
1,338
167046067.LC.FTS.B,
20.55%,
8/26/33
...
339
342
312,002
LendingClub
Corp.
-
LCX
PM
171017047.LC.FTS.B,
8.46%,
10/07/23
...
1,397
1,384
170824911.LC.FTS.B,
9.02%,
10/09/23
...
1,885
1,866
171209679.LC.FTS.B,
10.81%,
10/16/23
..
902
898
171295682.LC.FTS.B,
14.71%,
10/16/23
..
505
503
171594396.LC.FTS.B,
8.46%,
10/29/23
...
880
872
171339542.LC.FTS.B,
10.81%,
11/03/23
..
394
390
171698001.LC.FTS.B,
10.81%,
11/04/23
..
3,831
3,794
171902167.LC.FTS.B,
8.46%,
11/10/23
...
1,488
1,472
171872747.LC.FTS.B,
9.02%,
11/10/23
...
2,497
2,463
171898688.LC.FTS.B,
10.81%,
11/10/23
..
3,192
3,167
171440597.LC.FTS.B,
8.46%,
11/13/23
...
657
650
171972764.LC.FTS.B,
8.46%,
11/13/23
...
1,860
1,848
172021697.LC.FTS.B,
10.81%,
11/13/23
..
3,065
3,049
171404953.LC.FTS.B,
10.19%,
11/15/23
..
510
504
171927180.LC.FTS.B,
10.81%,
11/15/23
..
2,310
2,264
171895455.LC.FTS.B,
9.56%,
11/21/23
...
1,748
1,733
172292139.LC.FTS.B,
10.19%,
12/02/23
..
3,943
3,915
172486420.LC.FTS.B,
19.95%,
12/02/23
..
417
415
172540829.LC.FTS.B,
18.24%,
12/07/23
..
1,404
1,399
172591096.LC.FTS.B,
10.81%,
12/15/23
..
1,165
1,147
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
201
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
-
LCX
PM
(continued)
173021253.LC.FTS.B,
10.19%,
12/18/23
..
$
2,053
$
2,032
173107270.LC.FTS.B,
17.3%,
12/18/23
...
343
344
173106203.LC.FTS.B,
20.74%,
12/18/23
..
3,023
3,029
173000593.LC.FTS.B,
14.71%,
12/21/23
..
4,494
4,466
173100997.LC.FTS.B,
14.02%,
12/27/23
..
5,857
5,822
173365718.LC.FTS.B,
17.3%,
12/30/23
...
2,042
2,028
172326263.LC.FTS.B,
14.02%,
12/31/23
..
1,980
1,967
173378319.LC.FTS.B,
14.71%,
12/31/23
..
1,188
1,170
173431392.LC.FTS.B,
19.12%,
12/31/23
..
1,039
1,032
172830533.LC.FTS.B,
Zero
Cpn,
1/04/24
.
2,666
–
172968764.LC.FTS.B,
16.08%,
1/04/24
...
1,210
1,202
174028958.LC.FTS.B,
14.99%,
1/26/24
...
6,854
6,737
174181203.LC.FTS.B,
16.99%,
1/26/24
...
366
366
173990194.LC.FTS.B,
13.99%,
1/28/24
...
1,575
1,560
174205068.LC.FTS.B,
13.99%,
1/28/24
...
2,954
2,948
173995037.LC.FTS.B,
16.19%,
1/28/24
...
242
242
173720769.LC.FTS.B,
16.99%,
1/28/24
...
4,888
4,885
173993696.LC.FTS.B,
19.49%,
1/28/24
...
7,333
7,355
173506829.LC.FTS.B,
20.74%,
1/28/24
...
1,309
175
174090524.LC.FTS.B,
12.74%,
1/29/24
...
5,810
5,716
174235765.LC.FTS.B,
12.74%,
1/29/24
...
1,355
1,353
174224849.LC.FTS.B,
13.99%,
1/29/24
...
785
779
174239520.LC.FTS.B,
16.99%,
1/29/24
...
1,218
1,217
174240247.LC.FTS.B,
18.49%,
1/29/24
...
2,475
2,470
174169568.LC.FTS.B,
7.74%,
2/04/24
...
7,467
7,321
174146725.LC.FTS.B,
Zero
Cpn,
2/05/24
.
25,554
–
174293219.LC.FTS.B,
19.44%,
2/05/24
...
1,090
1,095
174343617.LC.FTS.B,
11.29%,
2/15/24
...
4,855
4,800
174351573.LC.FTS.B,
16.99%,
2/17/24
...
7,268
7,235
173725842.LC.FTS.B,
16.08%,
2/22/24
...
7,658
7,578
174347591.LC.FTS.B,
13.99%,
2/23/24
...
1,910
1,895
174279916.LC.FTS.B,
13.04%,
6/08/24
...
10,466
1,223
182191083.LC.FTS.B,
18.99%,
10/13/24
..
2,428
2,404
182251543.LC.FTS.B,
15.99%,
10/14/24
..
4,514
4,466
182168238.LC.FTS.B,
18.99%,
10/14/24
..
8,749
8,554
182227875.LC.FTS.B,
19.49%,
10/14/24
..
11,420
11,302
182189422.LC.FTS.B,
19.99%,
10/14/24
..
2,726
2,703
182333831.LC.FTS.B,
19.44%,
10/15/24
..
2,438
2,438
182308670.LC.FTS.B,
19.49%,
10/15/24
..
4,390
4,402
182183875.LC.FTS.B,
20.99%,
10/15/24
..
4,932
4,945
182215764.LC.FTS.B,
20.99%,
10/15/24
..
9,865
9,890
182310621.LC.FTS.B,
21.49%,
10/15/24
..
10,297
10,323
182294171.LC.FTS.B,
22.99%,
10/15/24
..
4,893
4,946
182334375.LC.FTS.B,
23.99%,
10/15/24
..
7,561
7,657
181823934.LC.FTS.B,
18.99%,
10/16/24
..
7,306
7,229
182279306.LC.FTS.B,
15.99%,
10/17/24
..
7,047
285
182309932.LC.FTS.B,
19.49%,
10/17/24
..
5,680
1,050
182090100.LC.FTS.B,
16.49%,
10/18/24
..
3,100
3,020
182322335.LC.FTS.B,
20.49%,
10/18/24
..
14,390
1,754
182332114.LC.FTS.B,
22.99%,
10/18/24
..
1,001
1,017
182334791.LC.FTS.B,
22.99%,
10/18/24
..
1,251
1,271
182127030.LC.FTS.B,
23.99%,
10/18/24
..
5,361
4,316
182386230.LC.FTS.B,
15.99%,
10/19/24
..
4,605
3,600
182352192.LC.FTS.B,
17.44%,
10/19/24
..
4,801
4,779
182455989.LC.FTS.B,
17.44%,
10/19/24
..
4,803
4,792
182112904.LC.FTS.B,
19.49%,
10/19/24
..
9,512
9,365
181717704.LC.FTS.B,
22.49%,
10/19/24
..
12,469
12,627
182413362.LC.FTS.B,
22.99%,
10/20/24
..
421
420
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
182410510.LC.FTS.B,
27.99%,
10/21/24
..
$
9,034
$
1,126
182327350.LC.FTS.B,
18.99%,
10/23/24
..
4,109
4,099
182222867.LC.FTS.B,
18.49%,
10/25/24
..
5,169
5,158
182348144.LC.FTS.B,
18.99%,
10/25/24
..
4,910
4,900
182434150.LC.FTS.B,
20.44%,
10/25/24
..
3,472
3,480
182411428.LC.FTS.B,
18.44%,
10/26/24
..
8,812
8,752
182341717.LC.FTS.B,
18.99%,
10/30/24
..
5,229
5,189
182545979.LC.FTS.B,
11.99%,
11/01/24
..
8,798
8,749
182385569.LC.FTS.B,
21.49%,
11/01/24
..
13,090
13,062
182713608.LC.FTS.B,
22.99%,
11/01/24
..
3,189
3,210
182709715.LC.FTS.B,
Zero
Cpn,
11/02/24
7,757
–
182830334.LC.FTS.B,
12.99%,
11/02/24
..
4,925
4,876
182833905.LC.FTS.B,
15.49%,
11/02/24
..
12,559
12,421
182797314.LC.FTS.B,
15.99%,
11/02/24
..
5,915
674
182852118.LC.FTS.B,
16.49%,
11/02/24
..
5,559
5,528
182842810.LC.FTS.B,
17.49%,
11/02/24
..
4,581
4,555
182863345.LC.FTS.B,
18.99%,
11/02/24
..
2,572
2,558
182863664.LC.FTS.B,
19.99%,
11/02/24
..
2,143
2,135
182884975.LC.FTS.B,
10%,
11/03/24
....
15,243
12,099
182914089.LC.FTS.B,
17.19%,
11/03/24
..
2,286
2,273
182877276.LC.FTS.B,
17.49%,
11/03/24
..
3,310
3,288
182882751.LC.FTS.B,
18.99%,
11/03/24
..
1,800
1,790
182406475.LC.FTS.B,
19.99%,
11/03/24
..
6,054
6,028
182901080.LC.FTS.B,
22.49%,
11/03/24
..
2,109
2,131
182343246.LC.FTS.B,
22.99%,
11/03/24
..
3,174
3,207
182488402.LC.FTS.B,
Zero
Cpn,
11/04/24
4,068
–
182919920.LC.FTS.B,
10.34%,
11/04/24
..
7,241
7,205
182907566.LC.FTS.B,
15.99%,
11/04/24
..
1,410
1,403
182914824.LC.FTS.B,
16.49%,
11/04/24
..
5,057
5,026
182927640.LC.FTS.B,
16.49%,
11/04/24
..
2,202
2,187
182953244.LC.FTS.B,
17.49%,
11/04/24
..
5,090
5,064
182908181.LC.FTS.B,
17.99%,
11/04/24
..
3,519
400
182281352.LC.FTS.B,
18.99%,
11/04/24
..
6,174
6,142
182726206.LC.FTS.B,
19.99%,
11/04/24
..
2,331
2,329
183008113.LC.FTS.B,
11.99%,
11/05/24
..
2,933
2,906
182766834.LC.FTS.B,
15.99%,
11/05/24
..
15,344
(214)
182864591.LC.FTS.B,
18.44%,
11/05/24
..
18,091
18,000
182954507.LC.FTS.B,
18.44%,
11/05/24
..
4,667
116
182892987.LC.FTS.B,
18.99%,
11/05/24
..
6,174
6,143
182923000.LC.FTS.B,
18.99%,
11/05/24
..
12,862
12,798
182929096.LC.FTS.B,
18.99%,
11/05/24
..
3,087
3,071
182918450.LC.FTS.B,
22.99%,
11/05/24
..
5,290
5,349
182854752.LC.FTS.B,
18.99%,
11/07/24
..
10,346
10,286
182428388.LC.FTS.B,
Zero
Cpn,
11/08/24
12,140
–
182862683.LC.FTS.B,
Zero
Cpn,
11/08/24
7,475
708
183012848.LC.FTS.B,
6%,
11/08/24
.....
5,539
5,491
182951096.LC.FTS.B,
12.99%,
11/08/24
..
10,588
10,541
182935882.LC.FTS.B,
14.49%,
11/08/24
..
4,980
4,946
183005145.LC.FTS.B,
14.49%,
11/08/24
..
9,469
3,547
182937534.LC.FTS.B,
15.99%,
11/08/24
..
5,035
5,001
182874683.LC.FTS.B,
16.19%,
11/08/24
..
9,776
9,712
182990403.LC.FTS.B,
16.49%,
11/08/24
..
4,729
4,706
182991246.LC.FTS.B,
16.49%,
11/08/24
..
4,043
4,024
182769411.LC.FTS.B,
18.44%,
11/08/24
..
2,460
2,448
182999357.LC.FTS.B,
18.44%,
11/08/24
..
5,167
5,138
182908610.LC.FTS.B,
18.49%,
11/08/24
..
15,277
15,192
182946096.LC.FTS.B,
22.99%,
11/08/24
..
2,645
2,676
182967907.LC.FTS.B,
Zero
Cpn,
11/09/24
22,625
1,061
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
202
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
-
LCX
PM
(continued)
182737632.LC.FTS.B,
20.99%,
11/10/24
..
$
5,266
$
5,240
182923608.LC.FTS.B,
Zero
Cpn,
11/12/24
4,522
–
182875454.LC.FTS.B,
12.99%,
11/12/24
..
1,962
1,952
183149370.LC.FTS.B,
15.19%,
11/12/24
..
2,503
2,494
183022196.LC.FTS.B,
15.99%,
11/12/24
..
4,833
4,815
183108244.LC.FTS.B,
15.99%,
11/12/24
..
1,007
1,003
183143740.LC.FTS.B,
16.49%,
11/12/24
..
4,295
4,269
182977352.LC.FTS.B,
17.44%,
11/12/24
..
5,088
5,069
182716700.LC.FTS.B,
14.99%,
11/14/24
..
5,046
5,024
182861781.LC.FTS.B,
Zero
Cpn,
11/15/24
13,203
–
182828421.LC.FTS.B,
11.49%,
11/15/24
..
14,679
14,618
182991991.LC.FTS.B,
11.49%,
11/15/24
..
4,104
4,068
182936009.LC.FTS.B,
13.04%,
11/15/24
..
1,494
1,487
183154424.LC.FTS.B,
15.99%,
11/15/24
..
7,049
7,026
183171929.LC.FTS.B,
16.49%,
11/15/24
..
3,369
600
182850075.LC.FTS.B,
17.99%,
11/15/24
..
11,959
11,917
182547090.LC.FTS.B,
18.99%,
11/15/24
..
7,867
7,813
183150801.LC.FTS.B,
18.99%,
11/15/24
..
5,145
5,127
183164730.LC.FTS.B,
18.99%,
11/15/24
..
617
615
182903788.LC.FTS.B,
19.49%,
11/15/24
..
11,050
11,043
183127694.LC.FTS.B,
19.49%,
11/15/24
..
9,646
594
182850730.LC.FTS.B,
22.99%,
11/15/24
..
9,750
9,834
183261327.LC.FTS.B,
11.04%,
11/16/24
..
8,265
8,134
183334882.LC.FTS.B,
11.99%,
11/16/24
..
2,933
2,910
182487044.LC.FTS.B,
14.99%,
11/16/24
..
7,622
7,443
182762119.LC.FTS.B,
15.49%,
11/16/24
..
4,079
4,063
183199016.LC.FTS.B,
18.99%,
11/16/24
..
2,574
2,544
183248270.LC.FTS.B,
18.99%,
11/16/24
..
5,702
1,023
183249845.LC.FTS.B,
18.99%,
11/16/24
..
4,612
3,647
183204737.LC.FTS.B,
19.49%,
11/16/24
..
3,307
3,303
183265092.LC.FTS.B,
20.44%,
11/16/24
..
3,898
3,904
182940512.LC.FTS.B,
9.34%,
11/17/24
...
985
967
183199235.LC.FTS.B,
10.99%,
11/17/24
..
7,277
7,222
183036723.LC.FTS.B,
16.49%,
11/17/24
..
7,277
7,255
183258872.LC.FTS.B,
17.99%,
11/17/24
..
5,517
5,500
183131010.LC.FTS.B,
18.99%,
11/17/24
..
1,852
1,846
183281498.LC.FTS.B,
18.99%,
11/17/24
..
5,145
5,129
182874149.LC.FTS.B,
22.99%,
11/17/24
..
10,807
10,932
183376238.LC.FTS.B,
15.19%,
11/18/24
..
7,001
6,983
183297337.LC.FTS.B,
15.49%,
11/18/24
..
5,518
5,504
183031081.LC.FTS.B,
15.99%,
11/18/24
..
9,853
7,696
183301563.LC.FTS.B,
15.99%,
11/18/24
..
2,769
2,762
183195827.LC.FTS.B,
16.49%,
11/18/24
..
17,687
17,469
183237884.LC.FTS.B,
18.19%,
11/18/24
..
12,278
12,244
182840575.LC.FTS.B,
18.99%,
11/18/24
..
2,572
2,565
182861390.LC.FTS.B,
18.99%,
11/18/24
..
11,349
2,026
183290549.LC.FTS.B,
18.99%,
11/18/24
..
9,640
9,597
183307678.LC.FTS.B,
18.99%,
11/18/24
..
3,859
3,848
183319106.LC.FTS.B,
18.99%,
11/18/24
..
5,145
5,131
183239686.LC.FTS.B,
20.44%,
11/18/24
..
12,505
12,497
183308830.LC.FTS.B,
22.99%,
11/18/24
..
1,904
1,933
183351808.LC.FTS.B,
11.49%,
11/19/24
..
7,304
7,252
183388949.LC.FTS.B,
14.19%,
11/19/24
..
16,885
16,754
183325965.LC.FTS.B,
15.99%,
11/19/24
..
9,574
9,550
183273399.LC.FTS.B,
18.99%,
11/19/24
..
3,704
3,695
183339518.LC.FTS.B,
18.99%,
11/19/24
..
5,145
5,132
183355970.LC.FTS.B,
22.99%,
11/19/24
..
6,116
754
183366235.LC.FTS.B,
22.99%,
11/19/24
..
2,645
2,685
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
182746441.LC.FTS.B,
Zero
Cpn,
11/20/24
$
10,436
$
459
182390204.LC.FTS.B,
18.99%,
11/20/24
..
10,851
1,319
182810364.LC.FTS.B,
19.49%,
11/20/24
..
10,020
10,026
183009664.LC.FTS.B,
14.19%,
11/21/24
..
7,491
7,467
182983769.LC.FTS.B,
12.99%,
11/22/24
..
2,364
2,353
183270133.LC.FTS.B,
14.44%,
11/22/24
..
4,452
796
183422493.LC.FTS.B,
14.99%,
11/22/24
..
1,200
1,197
183428100.LC.FTS.B,
16.99%,
11/22/24
..
10,705
10,618
183268922.LC.FTS.B,
17.99%,
11/22/24
..
13,157
13,104
183326198.LC.FTS.B,
18.99%,
11/22/24
..
4,116
4,107
183394488.LC.FTS.B,
18.99%,
11/22/24
..
2,572
2,567
183369334.LC.FTS.B,
22.99%,
11/22/24
..
8,906
9,000
183400615.LC.FTS.B,
12.49%,
11/23/24
..
12,274
12,240
183464008.LC.FTS.B,
15.24%,
11/23/24
..
13,600
13,462
182940029.LC.FTS.B,
16.49%,
11/23/24
..
3,394
3,384
182618845.LC.FTS.B,
18.99%,
11/23/24
..
5,145
5,122
183430526.LC.FTS.B,
18.99%,
11/23/24
..
5,145
5,135
183431297.LC.FTS.B,
18.99%,
11/23/24
..
2,281
415
182950120.LC.FTS.B,
22.99%,
11/23/24
..
14,617
14,747
183464408.LC.FTS.B,
Zero
Cpn,
11/24/24
3,597
153
183554355.LC.FTS.B,
15.19%,
11/24/24
..
5,815
5,801
183532866.LC.FTS.B,
15.99%,
11/24/24
..
3,014
3,007
183565213.LC.FTS.B,
16.19%,
11/24/24
..
1,198
1,190
183476973.LC.FTS.B,
16.49%,
11/24/24
..
7,542
7,456
183540917.LC.FTS.B,
16.49%,
11/24/24
..
1,263
1,261
183540900.LC.FTS.B,
18.44%,
11/24/24
..
1,281
1,279
183371602.LC.FTS.B,
18.99%,
11/24/24
..
10,873
10,833
183407963.LC.FTS.B,
18.99%,
11/24/24
..
4,372
4,361
182884112.LC.FTS.B,
15.74%,
11/25/24
..
17,705
17,485
183343101.LC.FTS.B,
Zero
Cpn,
11/26/24
5,888
–
183518965.LC.FTS.B,
Zero
Cpn,
11/26/24
3,353
310
183519416.LC.FTS.B,
15.49%,
11/26/24
..
5,093
5,065
183524052.LC.FTS.B,
16.49%,
11/26/24
..
14,886
1,902
183520286.LC.FTS.B,
16.99%,
11/26/24
..
4,565
4,559
183504509.LC.FTS.B,
18.49%,
11/26/24
..
9,674
9,612
183027816.LC.FTS.B,
18.99%,
11/26/24
..
5,320
5,288
183342456.LC.FTS.B,
22.49%,
11/26/24
..
13,180
13,408
183441212.LC.FTS.B,
22.99%,
11/26/24
..
1,137
1,157
183259213.LC.FTS.B,
18.99%,
11/28/24
..
2,772
2,758
183402694.LC.FTS.B,
11.99%,
11/29/24
..
6,250
6,171
183250462.LC.FTS.B,
14.99%,
11/29/24
..
4,774
4,736
183425417.LC.FTS.B,
16.49%,
11/29/24
..
7,548
7,460
183522405.LC.FTS.B,
17.99%,
11/29/24
..
18,860
18,726
183102073.LC.FTS.B,
18.99%,
11/29/24
..
2,474
2,447
183619170.LC.FTS.B,
14.19%,
11/30/24
..
5,249
5,214
183500540.LC.FTS.B,
15.99%,
11/30/24
..
4,252
4,223
183356155.LC.FTS.B,
16.99%,
11/30/24
..
13,475
13,371
182783983.LC.FTS.B,
17.49%,
11/30/24
..
12,022
11,899
183602959.LC.FTS.B,
18.49%,
11/30/24
..
3,467
3,450
183339461.LC.FTS.B,
18.99%,
11/30/24
..
9,871
9,793
183616976.LC.FTS.B,
18.99%,
11/30/24
..
5,641
5,602
183291733.LC.FTS.B,
19.99%,
11/30/24
..
4,370
763
183674531.LC.FTS.B,
Zero
Cpn,
12/01/24
8,051
–
183362712.LC.FTS.B,
15.99%,
12/01/24
..
8,594
8,529
183663596.LC.FTS.B,
16.19%,
12/01/24
..
8,517
8,462
183359486.LC.FTS.B,
16.99%,
12/01/24
..
5,160
5,121
183645675.LC.FTS.B,
19.99%,
12/01/24
..
2,185
2,177
183673337.LC.FTS.B,
23.99%,
12/01/24
..
14,017
14,128
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
203
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
-
LCX
PM
(continued)
183762903.LC.FTS.B,
15.44%,
12/02/24
..
$
4,051
$
4,007
183705826.LC.FTS.B,
15.99%,
12/02/24
..
11,429
11,359
183434525.LC.FTS.B,
19.99%,
12/02/24
..
11,538
2,030
183697716.LC.FTS.B,
22.99%,
12/02/24
..
557
562
183354385.LC.FTS.B,
12.49%,
12/03/24
..
3,112
3,094
183695987.LC.FTS.B,
15.99%,
12/03/24
..
10,906
10,698
183777683.LC.FTS.B,
18.99%,
12/03/24
..
4,557
4,530
183609082.LC.FTS.B,
19.49%,
12/03/24
..
2,177
2,171
183773059.LC.FTS.B,
21.99%,
12/03/24
..
8,302
8,376
183402493.LC.FTS.B,
22.99%,
12/03/24
..
3,736
3,757
183788267.LC.FTS.B,
22.99%,
12/03/24
..
2,005
2,023
183502968.LC.FTS.B,
Zero
Cpn,
12/05/24
4,699
216
183693231.LC.FTS.B,
12.49%,
12/05/24
..
635
631
183535525.LC.FTS.B,
17.99%,
12/05/24
..
3,993
1,455
183410744.LC.FTS.B,
Zero
Cpn,
12/06/24
10,231
–
183189944.LC.FTS.B,
13.04%,
12/06/24
..
7,807
7,745
183827173.LC.FTS.B,
14.99%,
12/06/24
..
1,643
1,632
183203390.LC.FTS.B,
15.49%,
12/06/24
..
13,337
13,251
183769602.LC.FTS.B,
16.19%,
12/06/24
..
4,806
4,775
183766217.LC.FTS.B,
16.49%,
12/06/24
..
5,231
299
183802837.LC.FTS.B,
17.99%,
12/06/24
..
15,265
15,177
183558965.LC.FTS.B,
18.99%,
12/06/24
..
3,906
3,884
183799482.LC.FTS.B,
18.99%,
12/06/24
..
5,480
5,457
183818205.LC.FTS.B,
18.99%,
12/06/24
..
13,021
12,946
183541347.LC.FTS.B,
22.99%,
12/06/24
..
5,571
5,623
183853227.LC.FTS.B,
Zero
Cpn,
12/07/24
5,805
–
183169104.LC.FTS.B,
12.34%,
12/07/24
..
13,472
13,336
183193558.LC.FTS.B,
12.49%,
12/07/24
..
12,959
12,703
183890926.LC.FTS.B,
15.19%,
12/07/24
..
19,031
18,928
183568984.LC.FTS.B,
15.99%,
12/07/24
..
16,066
15,903
183882045.LC.FTS.B,
15.99%,
12/07/24
..
7,974
7,872
183901831.LC.FTS.B,
16.49%,
12/07/24
..
16,002
15,915
183585296.LC.FTS.B,
17.49%,
12/07/24
..
5,371
5,315
183893289.LC.FTS.B,
18.44%,
12/07/24
..
1,351
1,340
183739101.LC.FTS.B,
18.99%,
12/07/24
..
4,340
4,284
183882847.LC.FTS.B,
21.99%,
12/07/24
..
5,738
2,200
183710611.LC.FTS.B,
22.49%,
12/07/24
..
2,235
2,250
183864519.LC.FTS.B,
22.49%,
12/07/24
..
9,663
9,692
183872755.LC.FTS.B,
22.99%,
12/07/24
..
5,928
5,941
183835868.LC.FTS.B,
24.99%,
12/07/24
..
32
32
183842381.LC.FTS.B,
24.99%,
12/07/24
..
6,771
6,878
183294973.LC.FTS.B,
27.99%,
12/07/24
..
10,350
10,550
183947592.LC.FTS.B,
Zero
Cpn,
12/08/24
5,827
–
183582634.LC.FTS.B,
11.04%,
12/08/24
..
2,541
2,473
184003016.LC.FTS.B,
13.19%,
12/08/24
..
782
774
183915427.LC.FTS.B,
13.24%,
12/08/24
..
12,346
12,277
183732977.LC.FTS.B,
14.49%,
12/08/24
..
7,891
7,850
183913486.LC.FTS.B,
14.49%,
12/08/24
..
2,630
2,616
183954033.LC.FTS.B,
14.49%,
12/08/24
..
7,377
7,343
183955270.LC.FTS.B,
16.49%,
12/08/24
..
1,334
1,326
183942448.LC.FTS.B,
17.99%,
12/08/24
..
2,048
760
183551116.LC.FTS.B,
18.99%,
12/08/24
..
3,798
3,777
183942961.LC.FTS.B,
18.99%,
12/08/24
..
2,713
2,698
183801794.LC.FTS.B,
19.44%,
12/08/24
..
5,386
5,374
183973489.LC.FTS.B,
Zero
Cpn,
12/09/24
4,210
–
183961259.LC.FTS.B,
12.74%,
12/09/24
..
5,196
5,171
184035228.LC.FTS.B,
13.04%,
12/09/24
..
7,811
7,736
184037141.LC.FTS.B,
13.19%,
12/09/24
..
3,843
3,806
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
183835923.LC.FTS.B,
15.19%,
12/09/24
..
$
6,054
$
6,017
183294173.LC.FTS.B,
15.99%,
12/09/24
..
3,193
3,174
183610510.LC.FTS.B,
15.99%,
12/09/24
..
11,695
11,609
183931492.LC.FTS.B,
16.99%,
12/09/24
..
11,260
4,156
183951356.LC.FTS.B,
17.49%,
12/09/24
..
9,399
9,352
183972047.LC.FTS.B,
17.49%,
12/09/24
..
537
534
183968599.LC.FTS.B,
18.99%,
12/09/24
..
2,170
2,159
183966895.LC.FTS.B,
19.99%,
12/09/24
..
7,438
875
183576580.LC.FTS.B,
20.44%,
12/09/24
..
15,064
2,704
183880382.LC.FTS.B,
22.99%,
12/09/24
..
2,791
2,803
183967026.LC.FTS.B,
22.99%,
12/09/24
..
10,627
10,725
183969487.LC.FTS.B,
22.99%,
12/09/24
..
8,756
3,321
183983228.LC.FTS.B,
26.49%,
12/09/24
..
13,545
13,776
183493762.LC.FTS.B,
12.24%,
12/10/24
..
18,355
18,160
184037034.LC.FTS.B,
12.49%,
12/10/24
..
519
516
183775188.LC.FTS.B,
14.44%,
12/10/24
..
8,414
8,230
184000110.LC.FTS.B,
15.49%,
12/10/24
..
8,476
8,436
183974082.LC.FTS.B,
15.99%,
12/10/24
..
11,160
11,107
184004060.LC.FTS.B,
16.49%,
12/10/24
..
14,936
14,864
183929309.LC.FTS.B,
16.99%,
12/10/24
..
10,692
10,641
184001961.LC.FTS.B,
16.99%,
12/10/24
..
4,413
1,629
184006108.LC.FTS.B,
16.99%,
12/10/24
..
6,691
6,658
184044208.LC.FTS.B,
16.99%,
12/10/24
..
14,130
14,063
184008894.LC.FTS.B,
17.99%,
12/10/24
..
5,389
5,363
183687452.LC.FTS.B,
18.99%,
12/10/24
..
542
540
183979122.LC.FTS.B,
18.99%,
12/10/24
..
1,303
1,295
184026094.LC.FTS.B,
22.99%,
12/10/24
..
3,648
3,676
182860020.LC.FTS.B,
15.44%,
12/12/24
..
19,230
19,122
183789603.LC.FTS.B,
Zero
Cpn,
12/13/24
10,610
994
184035087.LC.FTS.B,
10.34%,
12/13/24
..
5,107
5,061
184030481.LC.FTS.B,
11.04%,
12/13/24
..
3,594
3,530
184049185.LC.FTS.B,
13.24%,
12/13/24
..
9,386
9,346
184083997.LC.FTS.B,
16.44%,
12/13/24
..
3,729
2,929
183170547.LC.FTS.B,
16.49%,
12/13/24
..
15,120
14,827
184074389.LC.FTS.B,
16.49%,
12/13/24
..
5,601
5,576
184003705.LC.FTS.B,
17.99%,
12/13/24
..
8,083
8,047
184046281.LC.FTS.B,
18.99%,
12/13/24
..
651
648
183770308.LC.FTS.B,
21.49%,
12/13/24
..
1,710
1,708
184053243.LC.FTS.B,
Zero
Cpn,
12/14/24
13,136
–
184091538.LC.FTS.B,
Zero
Cpn,
12/14/24
3,978
183
184125481.LC.FTS.B,
Zero
Cpn,
12/14/24
5,397
–
184127825.LC.FTS.B,
Zero
Cpn,
12/14/24
3,949
–
184106683.LC.FTS.B,
9.99%,
12/14/24
...
7,642
7,364
184070958.LC.FTS.B,
10.49%,
12/14/24
..
2,878
2,849
184028586.LC.FTS.B,
10.99%,
12/14/24
..
15,395
15,105
184058069.LC.FTS.B,
11.04%,
12/14/24
..
3,593
3,517
184056676.LC.FTS.B,
15.99%,
12/14/24
..
2,658
2,600
183304150.LC.FTS.B,
16.49%,
12/14/24
..
6,134
6,108
184078696.LC.FTS.B,
17.99%,
12/14/24
..
5,316
5,282
184111504.LC.FTS.B,
18.99%,
12/14/24
..
6,568
6,526
184106917.LC.FTS.B,
22.99%,
12/14/24
..
6,685
6,763
183959795.LC.FTS.B,
Zero
Cpn,
12/15/24
7,660
–
183980484.LC.FTS.B,
Zero
Cpn,
12/15/24
17,902
1,678
184202834.LC.FTS.B,
10.49%,
12/15/24
..
8,181
8,109
183776421.LC.FTS.B,
11.04%,
12/15/24
..
3,965
3,886
183184685.LC.FTS.B,
13.24%,
12/15/24
..
4,213
4,193
183708997.LC.FTS.B,
13.44%,
12/15/24
..
2,636
2,623
184073189.LC.FTS.B,
15.19%,
12/15/24
..
1,954
1,945
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
204
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
-
LCX
PM
(continued)
183926594.LC.FTS.B,
15.99%,
12/15/24
..
$
4,496
$
4,473
184009446.LC.FTS.B,
16.49%,
12/15/24
..
4,275
4,253
183974444.LC.FTS.B,
16.99%,
12/15/24
..
2,694
2,681
183796732.LC.FTS.B,
18.99%,
12/15/24
..
4,391
4,368
184104394.LC.FTS.B,
18.99%,
12/15/24
..
13,564
13,507
183776889.LC.FTS.B,
19.49%,
12/15/24
..
5,750
4,556
184099284.LC.FTS.B,
19.49%,
12/15/24
..
6,721
6,677
183693847.LC.FTS.B,
19.99%,
12/15/24
..
4,905
4,895
184076230.LC.FTS.B,
21.99%,
12/15/24
..
3,321
3,361
184125379.LC.FTS.B,
10.34%,
12/16/24
..
9,704
9,402
184230024.LC.FTS.B,
15.44%,
12/16/24
..
8,473
8,442
183602283.LC.FTS.B,
15.99%,
12/16/24
..
14,335
11,170
184167764.LC.FTS.B,
15.99%,
12/16/24
..
8,827
8,793
184016559.LC.FTS.B,
16.44%,
12/16/24
..
3,364
3,328
184149278.LC.FTS.B,
16.49%,
12/16/24
..
6,930
6,905
184118078.LC.FTS.B,
17.44%,
12/16/24
..
2,684
2,674
184233839.LC.FTS.B,
18.44%,
12/16/24
..
5,405
5,385
183604911.LC.FTS.B,
10.24%,
12/17/24
..
2,376
2,344
184250542.LC.FTS.B,
12.49%,
12/17/24
..
4,149
4,135
184245291.LC.FTS.B,
13.19%,
12/17/24
..
18,245
18,182
184142932.LC.FTS.B,
13.99%,
12/17/24
..
12,057
11,740
184191218.LC.FTS.B,
13.99%,
12/17/24
..
9,786
7,617
184235593.LC.FTS.B,
15.19%,
12/17/24
..
1,322
1,317
184248232.LC.FTS.B,
16.19%,
12/17/24
..
2,661
2,652
184243930.LC.FTS.B,
16.49%,
12/17/24
..
3,200
3,189
184125400.LC.FTS.B,
16.99%,
12/17/24
..
9,602
9,519
183862855.LC.FTS.B,
17.44%,
12/17/24
..
4,344
4,312
184015727.LC.FTS.B,
18.99%,
12/17/24
..
5,426
5,406
184246546.LC.FTS.B,
18.99%,
12/17/24
..
10,851
10,812
184252044.LC.FTS.B,
18.99%,
12/17/24
..
3,445
3,433
184252099.LC.FTS.B,
18.99%,
12/17/24
..
2,713
2,703
184253714.LC.FTS.B,
19.49%,
12/17/24
..
14,551
14,445
183943415.LC.FTS.B,
19.99%,
12/17/24
..
8,193
8,197
183929820.LC.FTS.B,
15.49%,
12/18/24
..
2,676
2,664
183874684.LC.FTS.B,
19.49%,
12/19/24
..
6,084
6,074
184186523.LC.FTS.B,
9.29%,
12/20/24
...
7,096
6,895
184238507.LC.FTS.B,
12.49%,
12/20/24
..
2,408
2,377
184245796.LC.FTS.B,
14.44%,
12/20/24
..
7,347
7,230
183409645.LC.FTS.B,
14.49%,
12/20/24
..
12,635
12,550
183975067.LC.FTS.B,
15.49%,
12/20/24
..
2,981
536
184065895.LC.FTS.B,
15.49%,
12/20/24
..
6,722
6,702
184281222.LC.FTS.B,
15.99%,
12/20/24
..
5,316
5,299
183474005.LC.FTS.B,
16.49%,
12/20/24
..
5,499
5,480
184264223.LC.FTS.B,
16.49%,
12/20/24
..
16,296
16,243
184274458.LC.FTS.B,
18.49%,
12/20/24
..
9,733
9,701
183828952.LC.FTS.B,
18.99%,
12/20/24
..
3,946
3,930
184210526.LC.FTS.B,
18.99%,
12/20/24
..
7,813
7,787
184281792.LC.FTS.B,
18.99%,
12/20/24
..
2,713
2,704
184284744.LC.FTS.B,
18.99%,
12/20/24
..
1,899
1,893
184365775.LC.FTS.B,
Zero
Cpn,
12/21/24
13,229
1,254
184374598.LC.FTS.B,
12.19%,
12/21/24
..
3,510
3,496
184409177.LC.FTS.B,
12.24%,
12/21/24
..
10,757
10,671
184342167.LC.FTS.B,
13.99%,
12/21/24
..
524
521
184344324.LC.FTS.B,
14.19%,
12/21/24
..
4,200
4,187
183895252.LC.FTS.B,
14.44%,
12/21/24
..
7,888
7,661
184336095.LC.FTS.B,
17.44%,
12/21/24
..
6,443
6,406
184350898.LC.FTS.B,
17.44%,
12/21/24
..
8,053
8,008
184370090.LC.FTS.B,
17.99%,
12/21/24
..
1,617
1,612
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
184063399.LC.FTS.B,
18.99%,
12/21/24
..
$
3,831
$
3,815
184376915.LC.FTS.B,
18.99%,
12/21/24
..
10,417
10,384
184340869.LC.FTS.B,
22.99%,
12/21/24
..
2,897
2,929
184369171.LC.FTS.B,
12.19%,
12/22/24
..
5,176
5,123
184320356.LC.FTS.B,
13.44%,
12/22/24
..
5,170
5,036
184353845.LC.FTS.B,
15.99%,
12/22/24
..
5,262
5,195
184102807.LC.FTS.B,
18.99%,
12/22/24
..
13,566
13,515
184149207.LC.FTS.B,
18.99%,
12/22/24
..
5,816
5,794
184394307.LC.FTS.B,
18.99%,
12/22/24
..
2,442
2,435
184030866.LC.FTS.B,
Zero
Cpn,
12/23/24
13,518
1,264
184441891.LC.FTS.B,
8.99%,
12/23/24
...
6,803
6,753
184389245.LC.FTS.B,
11.99%,
12/23/24
..
15,505
15,310
184048740.LC.FTS.B,
12.49%,
12/23/24
..
9,207
9,138
184408809.LC.FTS.B,
13.44%,
12/23/24
..
8,042
8,001
184090890.LC.FTS.B,
16.49%,
12/23/24
..
3,194
3,186
183756956.LC.FTS.B,
17.49%,
12/23/24
..
5,908
5,893
184192472.LC.FTS.B,
17.99%,
12/23/24
..
4,607
4,596
184435348.LC.FTS.B,
17.99%,
12/23/24
..
3,103
382
184197580.LC.FTS.B,
18.99%,
12/23/24
..
3,942
3,927
184065866.LC.FTS.B,
19.49%,
12/23/24
..
6,584
6,473
184272023.LC.FTS.B,
19.49%,
12/23/24
..
8,385
8,400
184367167.LC.FTS.B,
21.49%,
12/23/24
..
3,862
3,868
184189674.LC.FTS.B,
18.44%,
12/24/24
..
6,018
6,001
183794044.LC.FTS.B,
18.99%,
12/24/24
..
6,093
6,076
184168561.LC.FTS.B,
21.99%,
12/24/24
..
2,016
2,039
183961839.LC.FTS.B,
11.04%,
12/25/24
..
4,150
4,061
183780343.LC.FTS.B,
18.44%,
12/25/24
..
3,349
127
184068690.LC.FTS.B,
18.49%,
12/25/24
..
5,490
5,398
184443285.LC.FTS.B,
Zero
Cpn,
12/27/24
25,573
–
184379124.LC.FTS.B,
9.29%,
12/27/24
...
12,671
12,250
184405061.LC.FTS.B,
11.84%,
12/27/24
..
5,180
5,139
184346927.LC.FTS.B,
13.24%,
12/27/24
..
15,160
14,900
184428613.LC.FTS.B,
13.24%,
12/27/24
..
15,644
15,410
184447670.LC.FTS.B,
14.44%,
12/27/24
..
5,259
5,249
184448743.LC.FTS.B,
15.99%,
12/27/24
..
5,954
5,942
184418501.LC.FTS.B,
16.19%,
12/27/24
..
3,194
3,171
184454192.LC.FTS.B,
16.19%,
12/27/24
..
4,525
4,516
184121693.LC.FTS.B,
16.49%,
12/27/24
..
5,370
5,355
184445591.LC.FTS.B,
17.44%,
12/27/24
..
10,738
10,716
184228216.LC.FTS.B,
18.44%,
12/27/24
..
15,135
15,104
184457887.LC.FTS.B,
18.49%,
12/27/24
..
6,840
6,782
184034650.LC.FTS.B,
18.99%,
12/27/24
..
6,233
6,218
184460632.LC.FTS.B,
22.99%,
12/27/24
..
947
962
184157711.LC.FTS.B,
16.19%,
12/28/24
..
2,124
2,109
183555873.LC.FTS.B,
16.99%,
12/28/24
..
10,675
10,529
183711809.LC.FTS.B,
17.49%,
12/29/24
..
10,448
10,421
183457596.LC.FTS.B,
18.99%,
12/29/24
..
6,217
6,198
184226087.LC.FTS.B,
15.49%,
12/30/24
..
7,958
2,870
184038361.LC.FTS.B,
18.44%,
12/30/24
..
4,301
4,288
184090151.LC.FTS.B,
19.99%,
12/31/24
..
17,344
17,369
182593987.LC.FTS.B,
Zero
Cpn,
1/01/25
.
12,337
12,196
184378148.LC.FTS.B,
Zero
Cpn,
1/03/25
.
4,561
210
184282726.LC.FTS.B,
15.19%,
1/04/25
...
2,670
2,650
183797655.LC.FTS.B,
15.99%,
1/04/25
...
10,182
10,049
184111598.LC.FTS.B,
22.99%,
1/05/25
...
1,810
1,818
184412079.LC.FTS.B,
18.99%,
1/06/25
...
5,791
5,748
184415798.LC.FTS.B,
22.99%,
1/12/25
...
5,944
5,983
183902971.LC.FTS.B,
Zero
Cpn,
1/20/25
.
13,902
1,297
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
205
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
-
LCX
PM
(continued)
183582737.LC.FTS.B,
Zero
Cpn,
1/25/25
.
$
6,692
$
–
183559023.LC.FTS.B,
15.99%,
1/30/25
...
5,298
5,256
183473491.LC.FTS.B,
18.99%,
3/15/25
...
20,709
20,584
183804788.LC.FTS.B,
18.99%,
3/23/25
...
2,783
350
182918515.LC.FTS.B,
16.49%,
3/26/25
...
8,847
8,571
183287166.LC.FTS.B,
18.49%,
3/28/25
...
8,371
3,083
182348001.LC.FTS.B,
19.44%,
3/31/25
...
6,396
6,267
184277567.LC.FTS.B,
15.49%,
4/20/25
...
5,688
5,648
184253510.LC.FTS.B,
18.49%,
4/21/25
...
11,438
11,357
183992321.LC.FTS.B,
17.44%,
4/28/25
...
21,663
21,135
184200182.LC.FTS.B,
13.19%,
4/30/25
...
14,586
5,213
184279960.LC.FTS.B,
13.99%,
4/30/25
...
17,822
14,003
183281940.LC.FTS.B,
22.99%,
5/31/25
...
2,938
1,095
183985034.LC.FTS.B,
Zero
Cpn,
6/13/25
.
8,107
760
183532916.LC.FTS.B,
Zero
Cpn,
7/20/25
.
6,857
5,431
171045369.LC.FTS.B,
16.08%,
10/07/25
..
5,488
5,355
171130012.LC.FTS.B,
17.3%,
10/09/25
...
6,601
6,410
170762714.LC.FTS.B,
16.08%,
10/13/25
..
10,970
10,685
170898869.LC.FTS.B,
18.24%,
10/18/25
..
2,620
2,578
171643853.LC.FTS.B,
16.08%,
10/29/25
..
5,656
5,504
171671693.LC.FTS.B,
13.33%,
11/10/25
..
1,072
1,054
171905795.LC.FTS.B,
16.08%,
11/15/25
..
7,509
7,319
171885695.LC.FTS.B,
18.24%,
11/17/25
..
5,847
5,678
171825004.LC.FTS.B,
15.4%,
11/26/25
...
1,660
1,650
171709430.LC.FTS.B,
Zero
Cpn,
11/28/25
14,003
1,295
172000836.LC.FTS.B,
15.4%,
11/28/25
...
11,367
11,062
172876605.LC.FTS.B,
17.3%,
12/14/25
...
7,073
6,858
172382360.LC.FTS.B,
14.02%,
12/15/25
..
6,838
6,666
172979926.LC.FTS.B,
16.08%,
12/15/25
..
6,764
6,598
172871335.LC.FTS.B,
17.3%,
12/18/25
...
20,631
20,101
172960729.LC.FTS.B,
14.02%,
12/19/25
..
12,545
12,022
184051226.LC.FTS.B,
5%,
12/20/25
.....
23,573
18,049
172424365.LC.FTS.B,
15.4%,
12/20/25
...
6,399
6,235
173018414.LC.FTS.B,
13.33%,
12/22/25
..
9,049
8,687
173075170.LC.FTS.B,
19.12%,
12/22/25
..
6,602
6,459
172834572.LC.FTS.B,
15.4%,
12/24/25
...
8,725
8,495
173403754.LC.FTS.B,
18.24%,
12/30/25
..
8,510
8,255
172563412.LC.FTS.B,
16.08%,
12/31/25
..
20,791
20,194
173277936.LC.FTS.B,
16.08%,
12/31/25
..
23,920
23,232
173400785.LC.FTS.B,
16.08%,
12/31/25
..
6,077
5,917
173395883.LC.FTS.B,
17.3%,
12/31/25
...
15,129
14,388
173394313.LC.FTS.B,
16.08%,
1/04/26
...
10,597
10,338
173423229.LC.FTS.B,
16.08%,
1/04/26
...
11,970
11,691
173430575.LC.FTS.B,
16.08%,
1/04/26
...
14,963
14,614
173604231.LC.FTS.B,
14.02%,
1/12/26
...
10,552
9,856
173383392.LC.FTS.B,
15.4%,
1/12/26
...
7,134
6,831
173663810.LC.FTS.B,
17.3%,
1/13/26
...
5,149
4,988
173666949.LC.FTS.B,
20.74%,
1/25/26
...
6,380
6,223
174084354.LC.FTS.B,
12.49%,
1/26/26
...
23,081
21,557
174042657.LC.FTS.B,
13.74%,
1/26/26
...
11,465
10,818
174224259.LC.FTS.B,
14.74%,
1/28/26
...
15,014
14,681
173441334.LC.FTS.B,
17.3%,
1/28/26
...
21,806
21,356
174232024.LC.FTS.B,
21.49%,
1/29/26
...
11,323
11,234
174333350.LC.FTS.B,
Zero
Cpn,
2/04/26
.
4,488
–
174293135.LC.FTS.B,
14.74%,
2/04/26
...
19,977
18,912
174332832.LC.FTS.B,
15.99%,
2/04/26
...
18,635
2,204
174267823.LC.FTS.B,
16.99%,
2/04/26
...
9,268
8,975
174354729.LC.FTS.B,
17.24%,
2/04/26
...
7,817
7,590
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
174297080.LC.FTS.B,
15.74%,
2/05/26
...
$
6,126
$
5,922
174102738.LC.FTS.B,
15.44%,
2/08/26
...
4,936
4,777
174453354.LC.FTS.B,
16.74%,
2/16/26
...
21,893
21,295
174284597.LC.FTS.B,
17.44%,
2/20/26
...
7,891
7,683
174320226.LC.FTS.B,
16.19%,
7/20/26
...
5,220
654
181324642.LC.FTS.B,
15.19%,
10/13/26
..
21,952
20,087
182237890.LC.FTS.B,
18.49%,
10/14/26
..
11,221
10,538
181671017.LC.FTS.B,
19.49%,
10/14/26
..
18,399
14,277
181681556.LC.FTS.B,
19.49%,
10/14/26
..
11,293
11,042
182220241.LC.FTS.B,
23.99%,
10/14/26
..
6,578
6,496
182239660.LC.FTS.B,
19.99%,
10/15/26
..
11,329
11,159
182100249.LC.FTS.B,
28.99%,
10/15/26
..
7,958
8,058
182337953.LC.FTS.B,
15.19%,
10/17/26
..
12,091
11,735
182196271.LC.FTS.B,
20.49%,
10/18/26
..
7,576
7,465
182283124.LC.FTS.B,
21.99%,
10/18/26
..
15,676
15,498
182351714.LC.FTS.B,
23.99%,
10/18/26
..
8,122
1,011
182365065.LC.FTS.B,
23.99%,
10/18/26
..
5,985
5,914
181832576.LC.FTS.B,
27.49%,
10/18/26
..
19,735
19,997
182312904.LC.FTS.B,
28.99%,
10/18/26
..
7,373
5,973
182404645.LC.FTS.B,
Zero
Cpn,
10/19/26
27,517
–
182419678.LC.FTS.B,
19.99%,
10/19/26
..
16,608
16,370
182267011.LC.FTS.B,
28.99%,
10/19/26
..
15,917
16,072
182424479.LC.FTS.B,
28.99%,
10/19/26
..
15,631
15,755
182272740.LC.FTS.B,
Zero
Cpn,
10/20/26
20,892
1,936
182447710.LC.FTS.B,
18.44%,
10/20/26
..
14,358
13,896
182489147.LC.FTS.B,
18.99%,
10/20/26
..
26,266
25,420
182400546.LC.FTS.B,
20.44%,
10/20/26
..
5,264
5,133
182279442.LC.FTS.B,
21.99%,
10/20/26
..
18,353
18,092
182381955.LC.FTS.B,
26.99%,
10/20/26
..
3,149
3,193
182373053.LC.FTS.B,
20.44%,
10/22/26
..
15,170
14,956
182135115.LC.FTS.B,
24.99%,
10/28/26
..
19,023
18,515
182097380.LC.FTS.B,
28.99%,
10/28/26
..
13,021
5,319
181977814.LC.FTS.B,
19.49%,
10/31/26
..
14,486
2,674
182770234.LC.FTS.B,
Zero
Cpn,
11/01/26
10,222
502
182761301.LC.FTS.B,
14.74%,
11/01/26
..
19,772
18,987
182342567.LC.FTS.B,
16.99%,
11/01/26
..
9,662
9,080
182708985.LC.FTS.B,
21.99%,
11/01/26
..
10,997
10,681
182412380.LC.FTS.B,
23.99%,
11/01/26
..
7,700
7,532
182763696.LC.FTS.B,
23.99%,
11/01/26
..
11,844
11,631
182249975.LC.FTS.B,
25.99%,
11/01/26
..
9,715
9,396
182785608.LC.FTS.B,
15.19%,
11/02/26
..
21,639
20,198
182425449.LC.FTS.B,
15.44%,
11/02/26
..
11,211
10,463
182814285.LC.FTS.B,
15.44%,
11/02/26
..
20,927
19,746
182836852.LC.FTS.B,
17.44%,
11/02/26
..
17,000
16,439
182871113.LC.FTS.B,
21.99%,
11/02/26
..
15,561
15,288
182810881.LC.FTS.B,
28.99%,
11/02/26
..
4,848
4,809
182655109.LC.FTS.B,
13.19%,
11/03/26
..
11,589
11,240
182715994.LC.FTS.B,
18.99%,
11/03/26
..
8,770
8,482
182925976.LC.FTS.B,
18.99%,
11/03/26
..
6,114
5,913
182860477.LC.FTS.B,
21.99%,
11/03/26
..
19,469
19,102
182871003.LC.FTS.B,
24.99%,
11/03/26
..
14,243
13,844
182883867.LC.FTS.B,
24.99%,
11/03/26
..
5,539
5,384
182932552.LC.FTS.B,
13.19%,
11/04/26
..
11,040
10,688
182934282.LC.FTS.B,
15.44%,
11/04/26
..
10,464
10,128
182296093.LC.FTS.B,
18.19%,
11/04/26
..
4,564
4,415
182957590.LC.FTS.B,
18.99%,
11/04/26
..
15,286
14,792
182725535.LC.FTS.B,
19.49%,
11/04/26
..
19,053
3,382
182386753.LC.FTS.B,
23.19%,
11/04/26
..
15,666
15,408
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
206
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
-
LCX
PM
(continued)
181746904.LC.FTS.B,
12.99%,
11/05/26
..
$
22,945
$
8,215
182956744.LC.FTS.B,
16.49%,
11/05/26
..
22,574
21,625
182845986.LC.FTS.B,
19.99%,
11/05/26
..
6,723
6,606
182469398.LC.FTS.B,
21.99%,
11/05/26
..
15,561
15,312
182433195.LC.FTS.B,
25.99%,
11/05/26
..
7,001
6,813
182998182.LC.FTS.B,
13.19%,
11/08/26
..
7,290
7,062
182567782.LC.FTS.B,
13.74%,
11/08/26
..
18,478
17,768
182834096.LC.FTS.B,
15.49%,
11/08/26
..
20,121
19,456
183010490.LC.FTS.B,
16.49%,
11/08/26
..
16,585
15,659
182873325.LC.FTS.B,
23.19%,
11/08/26
..
7,834
7,712
182905174.LC.FTS.B,
22.99%,
11/10/26
..
18,380
18,092
182329589.LC.FTS.B,
24.99%,
11/11/26
..
6,694
6,472
183128706.LC.FTS.B,
16.99%,
11/12/26
..
7,247
6,928
182988585.LC.FTS.B,
19.49%,
11/12/26
..
11,499
11,322
183032996.LC.FTS.B,
19.99%,
11/12/26
..
9,533
9,225
182925771.LC.FTS.B,
23.99%,
11/12/26
..
27,542
26,966
182931548.LC.FTS.B,
24.99%,
11/12/26
..
8,783
8,559
182761588.LC.FTS.B,
Zero
Cpn,
11/14/26
16,617
789
183224681.LC.FTS.B,
13.49%,
11/15/26
..
11,805
11,375
183159318.LC.FTS.B,
15.44%,
11/15/26
..
13,478
13,078
182911086.LC.FTS.B,
16.49%,
11/15/26
..
22,574
21,353
183101425.LC.FTS.B,
17.44%,
11/15/26
..
21,196
20,564
182999628.LC.FTS.B,
17.74%,
11/15/26
..
9,156
8,880
182975891.LC.FTS.B,
18.49%,
11/15/26
..
10,931
10,601
182675743.LC.FTS.B,
19.49%,
11/15/26
..
27,115
26,710
182737896.LC.FTS.B,
19.49%,
11/15/26
..
14,762
14,536
183180134.LC.FTS.B,
19.49%,
11/15/26
..
26,834
26,417
183015727.LC.FTS.B,
20.44%,
11/15/26
..
11,532
11,358
183084148.LC.FTS.B,
21.49%,
11/15/26
..
4,696
4,621
182379386.LC.FTS.B,
23.99%,
11/15/26
..
17,312
17,085
182921002.LC.FTS.B,
23.99%,
11/15/26
..
10,356
10,214
182924017.LC.FTS.B,
23.99%,
11/15/26
..
14,693
14,489
182765403.LC.FTS.B,
24.99%,
11/15/26
..
7,340
5,750
182946956.LC.FTS.B,
24.99%,
11/15/26
..
15,192
14,731
182962134.LC.FTS.B,
24.99%,
11/15/26
..
15,969
15,572
183159092.LC.FTS.B,
28.99%,
11/15/26
..
6,014
(290)
182897546.LC.FTS.B,
Zero
Cpn,
11/16/26
21,563
–
183263467.LC.FTS.B,
Zero
Cpn,
11/16/26
7,718
–
183274263.LC.FTS.B,
15.44%,
11/16/26
..
15,395
14,880
183121003.LC.FTS.B,
15.99%,
11/16/26
..
11,463
8,600
182977646.LC.FTS.B,
16.99%,
11/16/26
..
22,794
22,113
183238822.LC.FTS.B,
16.99%,
11/16/26
..
17,926
17,091
183295428.LC.FTS.B,
17.49%,
11/16/26
..
9,541
9,193
183287259.LC.FTS.B,
18.19%,
11/16/26
..
8,286
8,016
183154136.LC.FTS.B,
18.49%,
11/16/26
..
7,620
7,394
183200190.LC.FTS.B,
19.49%,
11/16/26
..
4,600
4,516
182845074.LC.FTS.B,
20.99%,
11/16/26
..
21,636
16,932
183239755.LC.FTS.B,
21.99%,
11/16/26
..
19,451
19,208
183239325.LC.FTS.B,
24.99%,
11/16/26
..
11,291
10,997
182753052.LC.FTS.B,
25.99%,
11/16/26
..
19,374
18,902
183197788.LC.FTS.B,
25.99%,
11/16/26
..
15,925
15,295
183267202.LC.FTS.B,
12.99%,
11/17/26
..
10,966
10,542
183321499.LC.FTS.B,
16.49%,
11/17/26
..
2,408
2,337
183270309.LC.FTS.B,
18.99%,
11/17/26
..
19,144
18,574
183320582.LC.FTS.B,
18.99%,
11/17/26
..
12,138
11,756
183336838.LC.FTS.B,
20.99%,
11/17/26
..
18,564
18,294
183253428.LC.FTS.B,
25.99%,
11/17/26
..
15,911
15,554
183354100.LC.FTS.B,
Zero
Cpn,
11/18/26
13,390
643
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
182954228.LC.FTS.B,
13.49%,
11/18/26
..
$
20,097
$
19,377
182922353.LC.FTS.B,
15.49%,
11/18/26
..
26,168
25,419
182931569.LC.FTS.B,
17.49%,
11/18/26
..
18,591
2,340
183371257.LC.FTS.B,
17.74%,
11/18/26
..
23,168
17,868
183368090.LC.FTS.B,
19.49%,
11/18/26
..
8,433
8,316
183287872.LC.FTS.B,
23.99%,
11/18/26
..
8,939
8,817
183371105.LC.FTS.B,
Zero
Cpn,
11/19/26
20,306
–
183409505.LC.FTS.B,
15.19%,
11/19/26
..
22,402
21,759
183369624.LC.FTS.B,
16.44%,
11/19/26
..
4,561
4,430
183394419.LC.FTS.B,
16.49%,
11/19/26
..
3,765
3,656
183197708.LC.FTS.B,
21.99%,
11/19/26
..
18,673
18,469
183146083.LC.FTS.B,
23.99%,
11/19/26
..
15,738
15,563
183385993.LC.FTS.B,
23.99%,
11/19/26
..
3,899
3,854
183391565.LC.FTS.B,
23.99%,
11/19/26
..
5,427
5,362
183401161.LC.FTS.B,
23.99%,
11/19/26
..
11,804
11,672
183350780.LC.FTS.B,
24.99%,
11/19/26
..
4,747
4,648
183306891.LC.FTS.B,
25.99%,
11/19/26
..
11,933
11,682
183321695.LC.FTS.B,
21.49%,
11/21/26
..
12,999
12,821
183108062.LC.FTS.B,
Zero
Cpn,
11/22/26
17,025
–
183435689.LC.FTS.B,
13.24%,
11/22/26
..
16,901
16,312
183333541.LC.FTS.B,
14.19%,
11/22/26
..
16,308
15,739
183227368.LC.FTS.B,
16.44%,
11/22/26
..
18,493
17,642
182980965.LC.FTS.B,
17.24%,
11/22/26
..
15,121
14,696
183417393.LC.FTS.B,
17.24%,
11/22/26
..
18,145
17,444
183424118.LC.FTS.B,
18.49%,
11/22/26
..
14,507
2,517
183425358.LC.FTS.B,
18.49%,
11/22/26
..
6,096
5,924
183430858.LC.FTS.B,
18.49%,
11/22/26
..
9,630
1,193
183418746.LC.FTS.B,
19.49%,
11/22/26
..
22,984
22,682
183426724.LC.FTS.B,
21.49%,
11/22/26
..
9,309
9,186
183434742.LC.FTS.B,
23.19%,
11/22/26
..
6,463
6,395
182942183.LC.FTS.B,
24.99%,
11/22/26
..
4,015
3,927
183328750.LC.FTS.B,
28.99%,
11/22/26
..
6,289
6,383
183446729.LC.FTS.B,
Zero
Cpn,
11/23/26
12,724
605
183436461.LC.FTS.B,
12.74%,
11/23/26
..
26,439
25,514
183477091.LC.FTS.B,
13.19%,
11/23/26
..
7,363
7,135
183306593.LC.FTS.B,
13.44%,
11/23/26
..
16,227
15,781
183485184.LC.FTS.B,
13.99%,
11/23/26
..
4,442
4,304
183298862.LC.FTS.B,
14.19%,
11/23/26
..
29,750
28,926
183490789.LC.FTS.B,
14.49%,
11/23/26
..
5,942
5,737
183000324.LC.FTS.B,
15.44%,
11/23/26
..
4,990
4,850
183459184.LC.FTS.B,
15.44%,
11/23/26
..
10,465
9,914
183494555.LC.FTS.B,
15.49%,
11/23/26
..
15,561
15,013
183505251.LC.FTS.B,
16.49%,
11/23/26
..
7,525
7,317
183373318.LC.FTS.B,
16.99%,
11/23/26
..
14,497
14,091
183447586.LC.FTS.B,
17.49%,
11/23/26
..
15,902
15,124
183425539.LC.FTS.B,
18.49%,
11/23/26
..
13,715
13,335
183430694.LC.FTS.B,
18.49%,
11/23/26
..
16,001
15,216
183455680.LC.FTS.B,
20.44%,
11/23/26
..
30,840
29,888
183430676.LC.FTS.B,
21.99%,
11/23/26
..
17,895
17,721
183453750.LC.FTS.B,
23.99%,
11/23/26
..
32,156
31,360
183407041.LC.FTS.B,
24.99%,
11/23/26
..
1,978
1,894
183431866.LC.FTS.B,
26.49%,
11/23/26
..
19,721
19,255
183095344.LC.FTS.B,
13.44%,
11/24/26
..
29,503
28,710
183370137.LC.FTS.B,
16.44%,
11/24/26
..
18,054
17,566
183249731.LC.FTS.B,
17.49%,
11/24/26
..
10,521
10,212
183149701.LC.FTS.B,
18.49%,
11/24/26
..
23,029
22,393
183545708.LC.FTS.B,
18.49%,
11/24/26
..
7,050
6,906
183470077.LC.FTS.B,
18.99%,
11/24/26
..
18,912
18,345
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
207
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
-
LCX
PM
(continued)
182933015.LC.FTS.B,
19.49%,
11/24/26
..
$
21,466
$
21,208
182954964.LC.FTS.B,
19.49%,
11/24/26
..
16,483
16,285
183384203.LC.FTS.B,
20.49%,
11/24/26
..
10,741
10,588
183167278.LC.FTS.B,
20.99%,
11/24/26
..
20,745
(459)
183287022.LC.FTS.B,
21.99%,
11/24/26
..
15,834
15,646
182882013.LC.FTS.B,
24.99%,
11/24/26
..
15,825
15,532
183092655.LC.FTS.B,
16.99%,
11/25/26
..
26,580
25,371
183514721.LC.FTS.B,
Zero
Cpn,
11/26/26
5,866
–
183548843.LC.FTS.B,
Zero
Cpn,
11/26/26
8,294
–
183549091.LC.FTS.B,
Zero
Cpn,
11/26/26
8,385
–
183567257.LC.FTS.B,
Zero
Cpn,
11/26/26
18,044
–
183524584.LC.FTS.B,
13.19%,
11/26/26
..
7,365
7,168
183562559.LC.FTS.B,
15.24%,
11/26/26
..
21,584
20,843
183499719.LC.FTS.B,
15.44%,
11/26/26
..
11,211
10,593
183557623.LC.FTS.B,
16.19%,
11/26/26
..
11,265
10,885
183499818.LC.FTS.B,
16.44%,
11/26/26
..
30,090
28,750
183145768.LC.FTS.B,
19.49%,
11/26/26
..
15,687
15,393
183362865.LC.FTS.B,
20.99%,
11/26/26
..
24,571
4,668
183505272.LC.FTS.B,
21.49%,
11/26/26
..
4,810
4,753
183525639.LC.FTS.B,
21.99%,
11/26/26
..
4,668
4,629
183478931.LC.FTS.B,
22.49%,
11/26/26
..
5,475
5,415
183556398.LC.FTS.B,
23.99%,
11/26/26
..
7,809
7,739
183390362.LC.FTS.B,
24.99%,
11/26/26
..
9,495
9,324
183193272.LC.FTS.B,
15.44%,
11/27/26
..
3,991
3,884
183234734.LC.FTS.B,
27.99%,
11/27/26
..
20,693
2,751
183340558.LC.FTS.B,
17.74%,
11/28/26
..
25,194
24,447
182816829.LC.FTS.B,
21.99%,
11/28/26
..
8,180
8,071
183476845.LC.FTS.B,
16.49%,
11/29/26
..
11,153
10,771
183560621.LC.FTS.B,
16.99%,
11/29/26
..
11,300
3,981
183447683.LC.FTS.B,
20.44%,
11/29/26
..
15,295
14,994
183369356.LC.FTS.B,
20.99%,
11/29/26
..
3,950
3,878
183179352.LC.FTS.B,
14.49%,
11/30/26
..
15,282
14,448
183336844.LC.FTS.B,
14.74%,
11/30/26
..
26,148
1,116
183304070.LC.FTS.B,
15.99%,
11/30/26
..
27,766
26,629
183359968.LC.FTS.B,
16.49%,
11/30/26
..
16,626
16,068
183524280.LC.FTS.B,
16.99%,
11/30/26
..
22,995
22,218
183649644.LC.FTS.B,
16.99%,
11/30/26
..
8,457
8,171
183434269.LC.FTS.B,
17.24%,
11/30/26
..
6,034
5,830
183629352.LC.FTS.B,
17.74%,
11/30/26
..
23,676
8,556
183031560.LC.FTS.B,
18.19%,
11/30/26
..
12,084
11,589
183636681.LC.FTS.B,
18.49%,
11/30/26
..
26,061
25,176
183630947.LC.FTS.B,
18.99%,
11/30/26
..
18,669
18,034
183531699.LC.FTS.B,
19.99%,
11/30/26
..
12,321
–
183585512.LC.FTS.B,
19.99%,
11/30/26
..
18,777
18,150
183437929.LC.FTS.B,
20.49%,
11/30/26
..
20,246
7,627
183649794.LC.FTS.B,
21.49%,
11/30/26
..
20,591
20,189
183170401.LC.FTS.B,
21.99%,
11/30/26
..
9,493
9,308
183544070.LC.FTS.B,
21.99%,
11/30/26
..
15,821
15,513
183623738.LC.FTS.B,
21.99%,
11/30/26
..
4,826
947
183618524.LC.FTS.B,
22.99%,
11/30/26
..
19,884
19,493
182592773.LC.FTS.B,
23.99%,
11/30/26
..
8,065
7,841
183540100.LC.FTS.B,
23.99%,
11/30/26
..
4,797
4,702
182663344.LC.FTS.B,
24.99%,
11/30/26
..
14,434
13,659
183611465.LC.FTS.B,
24.99%,
11/30/26
..
9,649
9,332
183633965.LC.FTS.B,
24.99%,
11/30/26
..
4,822
4,673
183562403.LC.FTS.B,
Zero
Cpn,
12/01/26
10,266
493
183607115.LC.FTS.B,
17.24%,
12/01/26
..
17,709
16,995
183638388.LC.FTS.B,
17.24%,
12/01/26
..
15,260
260
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
183676944.LC.FTS.B,
17.24%,
12/01/26
..
$
4,620
$
4,465
183686236.LC.FTS.B,
20.49%,
12/01/26
..
15,955
5,868
183333618.LC.FTS.B,
21.49%,
12/01/26
..
8,373
457
183683504.LC.FTS.B,
Zero
Cpn,
12/02/26
9,520
–
183067587.LC.FTS.B,
6%,
12/02/26
.....
20,001
19,631
183768813.LC.FTS.B,
13.24%,
12/02/26
..
11,268
10,824
183695657.LC.FTS.B,
15.44%,
12/02/26
..
11,424
11,050
183699303.LC.FTS.B,
17.24%,
12/02/26
..
12,320
11,787
183702434.LC.FTS.B,
20.49%,
12/02/26
..
23,126
22,701
183789584.LC.FTS.B,
Zero
Cpn,
12/03/26
15,686
752
183623497.LC.FTS.B,
13.24%,
12/03/26
..
21,784
20,932
183499399.LC.FTS.B,
15.44%,
12/03/26
..
9,198
8,899
183483610.LC.FTS.B,
17.24%,
12/03/26
..
14,844
14,307
183721314.LC.FTS.B,
17.44%,
12/03/26
..
12,412
12,041
183651950.LC.FTS.B,
18.49%,
12/03/26
..
17,065
16,506
183746554.LC.FTS.B,
18.49%,
12/03/26
..
4,257
4,117
183771895.LC.FTS.B,
21.99%,
12/03/26
..
14,241
13,988
183877324.LC.FTS.B,
16.49%,
12/06/26
..
30,661
29,462
183552770.LC.FTS.B,
17.24%,
12/06/26
..
19,249
18,629
183799901.LC.FTS.B,
17.74%,
12/06/26
..
7,723
7,473
183790054.LC.FTS.B,
18.49%,
12/06/26
..
4,887
4,728
183710879.LC.FTS.B,
19.95%,
12/06/26
..
18,794
18,452
183788883.LC.FTS.B,
21.99%,
12/06/26
..
18,988
18,661
183402569.LC.FTS.B,
23.99%,
12/06/26
..
7,197
1,342
183695174.LC.FTS.B,
23.99%,
12/06/26
..
15,347
5,906
183788160.LC.FTS.B,
23.99%,
12/06/26
..
8,365
487
183759744.LC.FTS.B,
24.99%,
12/06/26
..
8,039
7,811
183750856.LC.FTS.B,
27.99%,
12/06/26
..
14,407
103
183862022.LC.FTS.B,
Zero
Cpn,
12/07/26
4,131
61
183809680.LC.FTS.B,
17.24%,
12/07/26
..
25,871
24,230
183882896.LC.FTS.B,
17.24%,
12/07/26
..
13,861
13,319
183902344.LC.FTS.B,
17.49%,
12/07/26
..
14,731
14,257
183312099.LC.FTS.B,
18.99%,
12/07/26
..
8,783
8,500
183844253.LC.FTS.B,
18.99%,
12/07/26
..
22,753
21,928
183415342.LC.FTS.B,
19.49%,
12/07/26
..
23,405
22,329
183762991.LC.FTS.B,
19.49%,
12/07/26
..
17,339
16,792
183495228.LC.FTS.B,
20.44%,
12/07/26
..
4,704
4,605
183520272.LC.FTS.B,
21.49%,
12/07/26
..
17,105
16,808
183719486.LC.FTS.B,
21.99%,
12/07/26
..
15,823
15,097
183885314.LC.FTS.B,
21.99%,
12/07/26
..
4,747
4,667
183867910.LC.FTS.B,
23.99%,
12/07/26
..
11,995
11,790
183866613.LC.FTS.B,
25.99%,
12/07/26
..
8,080
7,794
183874898.LC.FTS.B,
27.49%,
12/07/26
..
20,465
8,095
183909323.LC.FTS.B,
28.99%,
12/07/26
..
10,827
10,847
183046392.LC.FTS.B,
13.19%,
12/08/26
..
18,773
18,183
183492757.LC.FTS.B,
16.99%,
12/08/26
..
11,550
11,201
183949342.LC.FTS.B,
18.74%,
12/08/26
..
6,991
6,768
183536773.LC.FTS.B,
19.74%,
12/08/26
..
27,345
26,878
183933487.LC.FTS.B,
23.99%,
12/08/26
..
11,995
11,794
183999420.LC.FTS.B,
12.99%,
12/09/26
..
29,999
28,867
183274086.LC.FTS.B,
14.44%,
12/09/26
..
12,868
12,469
184040533.LC.FTS.B,
14.49%,
12/09/26
..
15,143
14,569
183461812.LC.FTS.B,
16.74%,
12/09/26
..
14,970
14,399
183576479.LC.FTS.B,
17.44%,
12/09/26
..
18,574
18,029
183996173.LC.FTS.B,
17.44%,
12/09/26
..
27,752
26,693
184003319.LC.FTS.B,
18.19%,
12/09/26
..
7,743
7,501
183840027.LC.FTS.B,
21.49%,
12/09/26
..
12,624
12,414
183987324.LC.FTS.B,
23.99%,
12/09/26
..
12,808
12,584
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
208
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
-
LCX
PM
(continued)
183966000.LC.FTS.B,
24.99%,
12/09/26
..
$
4,028
$
3,919
183970462.LC.FTS.B,
24.99%,
12/09/26
..
2,412
2,347
183532974.LC.FTS.B,
Zero
Cpn,
12/10/26
12,951
616
184009395.LC.FTS.B,
9.49%,
12/10/26
...
24,182
22,781
184012121.LC.FTS.B,
13.44%,
12/10/26
..
14,291
13,804
183870325.LC.FTS.B,
14.19%,
12/10/26
..
15,870
15,383
183680345.LC.FTS.B,
16.44%,
12/10/26
..
9,962
9,654
183129988.LC.FTS.B,
16.99%,
12/10/26
..
13,839
13,363
183766454.LC.FTS.B,
16.99%,
12/10/26
..
16,967
16,255
183793588.LC.FTS.B,
17.24%,
12/10/26
..
5,407
5,237
183912771.LC.FTS.B,
19.49%,
12/10/26
..
10,193
10,024
184036706.LC.FTS.B,
19.49%,
12/10/26
..
4,033
727
183974150.LC.FTS.B,
19.99%,
12/10/26
..
19,562
19,233
184022156.LC.FTS.B,
20.49%,
12/10/26
..
7,784
7,640
184017594.LC.FTS.B,
20.99%,
12/10/26
..
12,387
12,164
184011802.LC.FTS.B,
21.49%,
12/10/26
..
7,890
7,761
183611528.LC.FTS.B,
23.99%,
12/10/26
..
23,366
22,978
184017730.LC.FTS.B,
23.99%,
12/10/26
..
23,991
23,618
183942336.LC.FTS.B,
24.99%,
12/10/26
..
16,077
15,657
183970602.LC.FTS.B,
24.99%,
12/10/26
..
9,647
9,377
184013288.LC.FTS.B,
24.99%,
12/10/26
..
16,077
15,657
183270743.LC.FTS.B,
Zero
Cpn,
12/11/26
13,890
1,301
183547689.LC.FTS.B,
16.99%,
12/11/26
..
11,650
11,291
183842914.LC.FTS.B,
Zero
Cpn,
12/13/26
18,423
1,745
183943387.LC.FTS.B,
15.44%,
12/13/26
..
17,898
17,229
184056742.LC.FTS.B,
15.44%,
12/13/26
..
11,424
11,077
183935167.LC.FTS.B,
16.19%,
12/13/26
..
15,187
14,373
183965552.LC.FTS.B,
16.49%,
12/13/26
..
11,499
11,146
184033080.LC.FTS.B,
17.44%,
12/13/26
..
16,864
16,141
183788093.LC.FTS.B,
17.49%,
12/13/26
..
6,204
5,992
183731402.LC.FTS.B,
19.44%,
12/13/26
..
12,479
12,283
183706984.LC.FTS.B,
21.49%,
12/13/26
..
7,490
7,370
184062734.LC.FTS.B,
21.49%,
12/13/26
..
3,759
3,692
184055849.LC.FTS.B,
23.99%,
12/13/26
..
33,114
26,037
184039087.LC.FTS.B,
24.99%,
12/13/26
..
7,638
7,429
184051343.LC.FTS.B,
28.99%,
12/13/26
..
14,760
14,912
184176824.LC.FTS.B,
14.99%,
12/14/26
..
10,633
10,238
183228318.LC.FTS.B,
15.19%,
12/14/26
..
26,616
24,779
183578940.LC.FTS.B,
15.19%,
12/14/26
..
9,968
9,565
184127951.LC.FTS.B,
15.44%,
12/14/26
..
15,994
15,512
184144008.LC.FTS.B,
16.99%,
12/14/26
..
14,122
13,663
184142978.LC.FTS.B,
17.44%,
12/14/26
..
11,563
11,213
184109137.LC.FTS.B,
17.74%,
12/14/26
..
11,584
11,069
183892275.LC.FTS.B,
18.44%,
12/14/26
..
20,937
20,301
184114198.LC.FTS.B,
18.99%,
12/14/26
..
19,059
18,479
184149526.LC.FTS.B,
19.74%,
12/14/26
..
27,333
21,358
183841644.LC.FTS.B,
19.99%,
12/14/26
..
10,173
9,788
184107799.LC.FTS.B,
19.99%,
12/14/26
..
10,954
10,784
184130928.LC.FTS.B,
21.99%,
12/14/26
..
11,868
11,678
184142290.LC.FTS.B,
21.99%,
12/14/26
..
8,544
8,422
183623138.LC.FTS.B,
23.99%,
12/14/26
..
9,596
9,456
184107590.LC.FTS.B,
23.99%,
12/14/26
..
5,602
5,450
183641094.LC.FTS.B,
24.99%,
12/14/26
..
8,075
7,860
183971412.LC.FTS.B,
28.49%,
12/14/26
..
7,917
7,996
183669687.LC.FTS.B,
Zero
Cpn,
12/15/26
21,351
–
183916918.LC.FTS.B,
13.19%,
12/15/26
..
17,343
16,824
184198353.LC.FTS.B,
14.01%,
12/15/26
..
29,970
28,867
183712326.LC.FTS.B,
15.44%,
12/15/26
..
4,919
4,756
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
184146721.LC.FTS.B,
16.44%,
12/15/26
..
$
11,494
$
10,988
184090113.LC.FTS.B,
16.49%,
12/15/26
..
16,388
12,613
184204044.LC.FTS.B,
16.49%,
12/15/26
..
11,498
11,072
183603668.LC.FTS.B,
17.19%,
12/15/26
..
14,238
10,840
184108646.LC.FTS.B,
18.49%,
12/15/26
..
6,558
6,291
184036052.LC.FTS.B,
19.49%,
12/15/26
..
19,569
19,269
183917868.LC.FTS.B,
21.49%,
12/15/26
..
14,734
14,508
184056585.LC.FTS.B,
21.99%,
12/15/26
..
20,101
15,831
183758691.LC.FTS.B,
23.99%,
12/15/26
..
4,798
4,730
184003793.LC.FTS.B,
23.99%,
12/15/26
..
16,074
15,830
183593989.LC.FTS.B,
27.49%,
12/15/26
..
20,606
20,817
183395168.LC.FTS.B,
Zero
Cpn,
12/16/26
22,193
2,076
184184924.LC.FTS.B,
13.19%,
12/16/26
..
10,514
9,983
183905553.LC.FTS.B,
13.44%,
12/16/26
..
4,889
4,591
184144886.LC.FTS.B,
15.19%,
12/16/26
..
21,293
20,668
184230527.LC.FTS.B,
16.49%,
12/16/26
..
22,996
22,319
183805030.LC.FTS.B,
17.49%,
12/16/26
..
21,627
20,516
183798352.LC.FTS.B,
17.74%,
12/16/26
..
23,804
18,339
184233755.LC.FTS.B,
18.49%,
12/16/26
..
9,946
(175)
183678049.LC.FTS.B,
21.49%,
12/16/26
..
9,755
7,631
183840993.LC.FTS.B,
21.49%,
12/16/26
..
18,943
18,653
183590285.LC.FTS.B,
21.99%,
12/16/26
..
16,266
12,818
184185617.LC.FTS.B,
26.99%,
12/16/26
..
7,552
7,632
183630072.LC.FTS.B,
Zero
Cpn,
12/17/26
10,922
–
183936400.LC.FTS.B,
Zero
Cpn,
12/17/26
14,994
710
183612692.LC.FTS.B,
13.49%,
12/17/26
..
10,533
10,154
184223937.LC.FTS.B,
16.44%,
12/17/26
..
14,569
14,141
184149066.LC.FTS.B,
17.24%,
12/17/26
..
19,134
14,755
184141163.LC.FTS.B,
17.49%,
12/17/26
..
2,245
2,163
184248806.LC.FTS.B,
18.49%,
12/17/26
..
21,776
21,161
184237123.LC.FTS.B,
21.99%,
12/17/26
..
11,867
11,716
184251864.LC.FTS.B,
21.99%,
12/17/26
..
7,201
7,098
183868559.LC.FTS.B,
23.99%,
12/17/26
..
6,397
6,314
184214073.LC.FTS.B,
27.99%,
12/17/26
..
9,793
9,917
183656375.LC.FTS.B,
14.44%,
12/18/26
..
5,307
4,950
183673632.LC.FTS.B,
15.44%,
12/18/26
..
11,546
10,962
183874472.LC.FTS.B,
15.44%,
12/18/26
..
12,255
11,459
183852446.LC.FTS.B,
17.99%,
12/18/26
..
12,490
11,896
184073751.LC.FTS.B,
20.49%,
12/18/26
..
15,654
15,082
184020224.LC.FTS.B,
23.19%,
12/19/26
..
16,849
16,622
184069276.LC.FTS.B,
11.49%,
12/20/26
..
21,594
20,828
183930981.LC.FTS.B,
15.44%,
12/20/26
..
10,695
842
184082880.LC.FTS.B,
15.44%,
12/20/26
..
6,855
6,511
183977917.LC.FTS.B,
16.49%,
12/20/26
..
19,242
17,993
184270452.LC.FTS.B,
16.99%,
12/20/26
..
9,226
8,960
184104646.LC.FTS.B,
17.44%,
12/20/26
..
14,647
14,225
184283202.LC.FTS.B,
19.49%,
12/20/26
..
6,241
6,155
184059193.LC.FTS.B,
21.99%,
12/20/26
..
17,223
16,991
184102080.LC.FTS.B,
23.99%,
12/20/26
..
7,197
7,108
184276958.LC.FTS.B,
23.99%,
12/20/26
..
11,995
11,846
183704686.LC.FTS.B,
Zero
Cpn,
12/21/26
11,215
1,060
184343324.LC.FTS.B,
Zero
Cpn,
12/21/26
18,114
–
184382909.LC.FTS.B,
12.99%,
12/21/26
..
15,000
14,469
184358802.LC.FTS.B,
15.49%,
12/21/26
..
7,238
6,980
184130767.LC.FTS.B,
16.44%,
12/21/26
..
16,092
15,230
183566597.LC.FTS.B,
17.24%,
12/21/26
..
18,736
2,325
184309308.LC.FTS.B,
17.24%,
12/21/26
..
11,026
10,580
184365323.LC.FTS.B,
18.74%,
12/21/26
..
15,536
15,090
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
209
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
LendingClub
Corp.
-
LCX
PM
(continued)
183919301.LC.FTS.B,
19.99%,
12/21/26
..
$
10,518
$
1,975
183877158.LC.FTS.B,
20.44%,
12/21/26
..
12,561
2,364
184032290.LC.FTS.B,
20.99%,
12/21/26
..
16,192
15,412
184358622.LC.FTS.B,
21.99%,
12/21/26
..
9,889
9,773
184040777.LC.FTS.B,
23.99%,
12/21/26
..
7,997
7,900
184352640.LC.FTS.B,
26.99%,
12/21/26
..
21,181
2,774
184066327.LC.FTS.B,
14.19%,
12/22/26
..
10,580
10,288
184190300.LC.FTS.B,
16.49%,
12/22/26
..
9,193
(74)
183529593.LC.FTS.B,
17.49%,
12/22/26
..
13,726
13,245
183940387.LC.FTS.B,
19.99%,
12/22/26
..
14,214
14,018
184397264.LC.FTS.B,
23.99%,
12/22/26
..
12,058
11,894
183726564.LC.FTS.B,
Zero
Cpn,
12/23/26
17,746
–
184035152.LC.FTS.B,
Zero
Cpn,
12/23/26
6,771
–
184471382.LC.FTS.B,
13.49%,
12/23/26
..
3,010
2,905
184367892.LC.FTS.B,
15.44%,
12/23/26
..
13,655
1,696
184224030.LC.FTS.B,
15.49%,
12/23/26
..
15,269
14,730
183877346.LC.FTS.B,
15.99%,
12/23/26
..
26,749
26,005
184421299.LC.FTS.B,
16.74%,
12/23/26
..
5,758
5,598
183436430.LC.FTS.B,
16.99%,
12/23/26
..
27,027
26,274
184427346.LC.FTS.B,
19.74%,
12/23/26
..
21,876
21,599
184321733.LC.FTS.B,
23.99%,
12/23/26
..
19,992
19,776
184451850.LC.FTS.B,
23.99%,
12/23/26
..
15,994
15,821
184033253.LC.FTS.B,
28.99%,
12/23/26
..
7,524
7,617
184033235.LC.FTS.B,
24.99%,
12/24/26
..
19,522
19,097
184239360.LC.FTS.B,
17.44%,
12/25/26
..
16,272
15,827
184005719.LC.FTS.B,
20.44%,
12/25/26
..
10,504
10,373
184009581.LC.FTS.B,
22.99%,
12/25/26
..
28,168
27,840
184404343.LC.FTS.B,
13.24%,
12/27/26
..
30,047
29,025
184378888.LC.FTS.B,
19.49%,
12/27/26
..
17,547
17,219
184283871.LC.FTS.B,
21.99%,
12/27/26
..
15,823
15,670
184469259.LC.FTS.B,
22.49%,
12/27/26
..
18,420
7,243
184445530.LC.FTS.B,
22.99%,
12/27/26
..
16,084
15,843
184275242.LC.FTS.B,
23.99%,
12/27/26
..
15,994
15,836
184454459.LC.FTS.B,
24.99%,
12/27/26
..
6,029
5,909
184249796.LC.FTS.B,
15.44%,
12/28/26
..
12,281
11,924
184172800.LC.FTS.B,
16.44%,
12/28/26
..
10,053
9,538
184029644.LC.FTS.B,
17.49%,
12/28/26
..
23,356
22,669
184211532.LC.FTS.B,
21.99%,
12/28/26
..
28,771
28,322
184068437.LC.FTS.B,
23.99%,
12/28/26
..
15,077
5,963
183866022.LC.FTS.B,
24.99%,
12/28/26
..
7,838
7,586
184075164.LC.FTS.B,
17.74%,
12/29/26
..
24,776
24,111
184016257.LC.FTS.B,
18.99%,
12/29/26
..
8,003
7,725
184298012.LC.FTS.B,
18.74%,
12/30/26
..
4,569
4,414
184273228.LC.FTS.B,
21.99%,
12/30/26
..
12,187
12,062
184017343.LC.FTS.B,
23.99%,
12/30/26
..
9,978
9,762
184149742.LC.FTS.B,
26.49%,
12/30/26
..
17,260
16,680
184473440.LC.FTS.B,
28.99%,
12/30/26
..
16,612
16,863
184248952.LC.FTS.B,
Zero
Cpn,
12/31/26
11,552
–
183794746.LC.FTS.B,
21.99%,
12/31/26
..
22,890
21,947
184286578.LC.FTS.B,
17.49%,
1/01/27
...
17,416
16,710
184283229.LC.FTS.B,
19.44%,
1/01/27
...
12,006
11,465
184379539.LC.FTS.B,
12.19%,
1/02/27
...
22,882
21,572
183888494.LC.FTS.B,
17.99%,
1/06/27
...
7,311
7,076
184927724.LC.FTS.B,
22.49%,
1/11/27
...
18,541
18,141
184934200.LC.FTS.B,
23.49%,
1/11/27
...
24,306
23,725
184924956.LC.FTS.B,
24.99%,
1/16/27
...
16,317
15,842
183894941.LC.FTS.B,
23.99%,
1/22/27
...
16,338
16,111
182261797.LC.FTS.B,
21.99%,
3/14/27
...
22,159
652
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
183653450.LC.FTS.B,
23.99%,
3/25/27
...
$
14,480
$
1,906
183426450.LC.FTS.B,
Zero
Cpn,
3/31/27
.
30,427
–
183687642.LC.FTS.B,
15.99%,
4/15/27
...
19,313
3,456
183682790.LC.FTS.B,
16.44%,
5/03/27
...
25,785
3,037
182729893.LC.FTS.B,
23.99%,
5/10/27
...
18,168
275
182718150.LC.FTS.B,
24.99%,
5/12/27
...
6,389
4,997
183908611.LC.FTS.B,
Zero
Cpn,
5/13/27
.
14,619
1,374
182926067.LC.FTS.B,
20.99%,
5/15/27
...
20,589
2,487
183252907.LC.FTS.B,
16.49%,
5/17/27
...
12,205
11,762
182185437.LC.FTS.B,
19.99%,
5/29/27
...
14,163
5,035
184163017.LC.FTS.B,
13.19%,
6/17/27
...
13,471
1,631
184064152.LC.FTS.B,
19.49%,
8/13/27
...
17,729
3,206
184041474.LC.FTS.B,
5%,
12/15/27
.....
21,900
17,550
183767102.LC.FTS.B,
5%,
12/31/27
.....
19,911
15,326
8,615,470
Prosper
Funding
LLC
1613502.PS.FTS.B,
15.1%,
8/11/24
.....
2,037
1,998
1613526.PS.FTS.B,
19.1%,
8/11/24
.....
4,281
4,248
1604114.PS.FTS.B,
12.5%,
8/12/24
.....
8,095
7,920
1607545.PS.FTS.B,
12.7%,
8/12/24
.....
6,083
5,951
1607185.PS.FTS.B,
17.1%,
8/12/24
.....
2,525
2,507
1603763.PS.FTS.B,
19.8%,
8/12/24
.....
4,920
4,869
1613868.PS.FTS.B,
19.8%,
8/12/24
.....
4,341
4,296
1607575.PS.FTS.B,
20%,
8/12/24
.......
2,155
2,140
1603826.PS.FTS.B,
20.9%,
8/12/24
.....
868
862
1603754.PS.FTS.B,
21.49%,
8/12/24
....
4,364
4,332
1613529.PS.FTS.B,
14.89%,
8/13/24
....
3,518
3,441
1614891.PS.FTS.B,
16.7%,
8/13/24
.....
2,097
2,059
1604669.PS.FTS.B,
19.8%,
8/13/24
.....
861
855
1614984.PS.FTS.B,
19.8%,
8/13/24
.....
1,035
142
1615005.PS.FTS.B,
20.1%,
8/13/24
.....
3,452
3,428
1615146.PS.FTS.B,
20.8%,
8/13/24
.....
867
861
1608406.PS.FTS.B,
18.11%,
8/15/24
....
8,515
8,334
1616559.PS.FTS.B,
17%,
8/17/24
.......
349
346
1606436.PS.FTS.B,
28.64%,
8/17/24
....
2,309
2,372
1611391.PS.FTS.B,
14.2%,
8/19/24
.....
5,887
5,757
1608574.PS.FTS.B,
20.1%,
8/21/24
.....
930
941
1610068.PS.FTS.B,
20%,
8/22/24
.......
2,169
2,151
1618998.PS.FTS.B,
12.79%,
8/23/24
....
14,201
13,919
1620645.PS.FTS.B,
16.6%,
8/25/24
.....
2,515
2,479
1614574.PS.FTS.B,
27.56%,
8/26/24
....
4,577
4,613
1615534.PS.FTS.B,
15.9%,
8/27/24
.....
681
672
1611857.PS.FTS.B,
16.4%,
8/27/24
.....
2,687
2,650
1610723.PS.FTS.B,
16.9%,
9/03/24
.....
2,727
2,674
1606394.PS.FTS.B,
20.9%,
9/15/24
.....
3,746
3,707
1618596.PS.FTS.B,
14.7%,
9/16/24
.....
3,153
3,087
1633506.PS.FTS.B,
12.2%,
9/20/24
.....
5,188
5,075
1612025.PS.FTS.B,
15.6%,
9/20/24
.....
1,469
1,445
1623956.PS.FTS.B,
12.3%,
9/21/24
.....
2,726
2,667
1634463.PS.FTS.B,
13.05%,
9/21/24
....
871
852
1623944.PS.FTS.B,
13.36%,
9/21/24
....
7,420
7,260
1634445.PS.FTS.B,
13.9%,
9/21/24
.....
17,341
4,368
1627612.PS.FTS.B,
15.1%,
9/21/24
.....
2,213
2,174
1627369.PS.FTS.B,
15.4%,
9/21/24
.....
11,094
10,896
1634439.PS.FTS.B,
16.57%,
9/21/24
....
2,239
2,200
1634433.PS.FTS.B,
17.05%,
9/21/24
....
6,121
827
1627600.PS.FTS.B,
18.41%,
9/21/24
....
3,560
3,496
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
210
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Prosper
Funding
LLC
(continued)
1635159.PS.FTS.B,
11.89%,
9/22/24
....
$
8,123
$
6,850
1635285.PS.FTS.B,
13.36%,
9/22/24
....
9,337
9,145
1624496.PS.FTS.B,
13.7%,
9/22/24
.....
2,892
–
1635147.PS.FTS.B,
16%,
9/22/24
.......
4,460
4,382
1624508.PS.FTS.B,
18.41%,
9/22/24
....
2,272
2,232
1624730.PS.FTS.B,
18.41%,
9/22/24
....
2,727
2,679
1635003.PS.FTS.B,
20.01%,
9/22/24
....
2,761
2,750
1628974.PS.FTS.B,
11.6%,
9/23/24
.....
5,162
5,054
1625759.PS.FTS.B,
13.8%,
9/24/24
.....
10,824
10,599
1625753.PS.FTS.B,
14.7%,
9/24/24
.....
2,422
2,062
1625561.PS.FTS.B,
16%,
9/24/24
.......
2,666
352
1636929.PS.FTS.B,
18.41%,
9/24/24
....
4,545
4,468
1636593.PS.FTS.B,
18.5%,
9/24/24
.....
1,229
–
1630810.PS.FTS.B,
14.79%,
9/27/24
....
11,761
11,577
1637601.PS.FTS.B,
15.4%,
9/27/24
.....
11,795
11,610
1630558.PS.FTS.B,
19.56%,
9/27/24
....
2,926
2,921
1628129.PS.FTS.B,
13.05%,
9/28/24
....
2,785
2,762
1630930.PS.FTS.B,
13.2%,
9/28/24
.....
1,859
1,844
1631206.PS.FTS.B,
13.66%,
9/28/24
....
2,798
2,777
1631650.PS.FTS.B,
14.39%,
9/28/24
....
4,690
4,678
1638273.PS.FTS.B,
16.43%,
9/28/24
....
3,096
3,094
1627844.PS.FTS.B,
16.61%,
9/28/24
....
2,385
2,383
1632436.PS.FTS.B,
15%,
9/29/24
.......
3,298
3,292
1627211.PS.FTS.B,
18.41%,
9/29/24
....
5,422
5,423
1628788.PS.FTS.B,
18.5%,
10/01/24
....
961
955
1624058.PS.FTS.B,
12.9%,
10/04/24
....
4,690
4,569
1640814.PS.FTS.B,
13.87%,
10/04/24
...
6,307
6,143
1645020.PS.FTS.B,
11.86%,
10/08/24
....
6,898
6,716
1634696.PS.FTS.B,
13.66%,
10/08/24
...
3,265
3,178
1638691.PS.FTS.B,
11.6%,
10/12/24
....
11,473
11,181
1639798.PS.FTS.B,
14.56%,
10/13/24
...
5,449
5,310
1645047.PS.FTS.B,
13.05%,
10/14/24
...
4,010
3,905
1655031.PS.FTS.B,
26.51%,
10/26/24
...
2,564
2,576
1645625.PS.FTS.B,
13.7%,
10/27/24
....
4,950
4,841
1656195.PS.FTS.B,
12.3%,
10/28/24
....
7,103
7,029
1646078.PS.FTS.B,
12.43%,
10/28/24
...
5,983
5,879
1649509.PS.FTS.B,
13.59%,
10/28/24
...
16,307
895
1656237.PS.FTS.B,
13.68%,
10/28/24
...
1,732
1,723
1649647.PS.FTS.B,
15.29%,
10/28/24
...
5,510
5,488
1646081.PS.FTS.B,
16.43%,
10/28/24
...
6,566
6,545
1649827.PS.FTS.B,
17%,
10/28/24
......
2,521
2,548
1646261.PS.FTS.B,
18.26%,
10/28/24
...
14,124
14,101
1657158.PS.FTS.B,
10.8%,
10/29/24
....
3,875
3,830
1657215.PS.FTS.B,
14.6%,
10/29/24
....
1,068
1,064
1649938.PS.FTS.B,
15.4%,
10/29/24
....
3,007
2,997
1650670.PS.FTS.B,
16.3%,
10/29/24
....
1,009
1,020
1647092.PS.FTS.B,
16.9%,
10/29/24
....
17,736
17,694
1656627.PS.FTS.B,
17%,
10/29/24
......
8,621
8,720
1647332.PS.FTS.B,
22.6%,
10/29/24
....
1,055
1,081
1646105.PS.FTS.B,
15.19%,
11/01/24
....
1,712
1,683
1652014.PS.FTS.B,
13.36%,
11/02/24
....
3,355
3,255
1648529.PS.FTS.B,
19.5%,
11/02/24
....
959
940
1648733.PS.FTS.B,
21.2%,
11/02/24
....
18,286
17,744
1651427.PS.FTS.B,
10.5%,
11/05/24
....
1,449
1,407
1654330.PS.FTS.B,
11.4%,
11/05/24
.....
2,431
2,361
1654084.PS.FTS.B,
13.4%,
11/05/24
....
1,974
1,919
1651250.PS.FTS.B,
16.83%,
11/05/24
....
6,072
5,969
1652180.PS.FTS.B,
12.1%,
11/08/24
....
12,936
7,358
Description
Principal
Amount
Value
Prosper
Funding
LLC
(continued)
1664829.PS.FTS.B,
12.95%,
11/08/24
....
$
5,407
$
5,260
1658140.PS.FTS.B,
13.9%,
11/08/24
....
2,493
2,419
1664856.PS.FTS.B,
15.4%,
11/08/24
....
1,228
1,206
1652378.PS.FTS.B,
18.7%,
11/08/24
....
12,820
12,620
1652381.PS.FTS.B,
18.9%,
11/08/24
....
12,952
12,705
1652924.PS.FTS.B,
12.5%,
11/09/24
....
7,355
7,147
1665921.PS.FTS.B,
13.4%,
11/09/24
....
2,715
2,642
1665951.PS.FTS.B,
14.52%,
11/09/24
....
1,341
169
1665984.PS.FTS.B,
14.63%,
11/09/24
....
8,840
8,591
1665879.PS.FTS.B,
15.1%,
11/09/24
....
5,020
2,972
1652945.PS.FTS.B,
17.54%,
11/09/24
....
1,271
1,252
1659139.PS.FTS.B,
18.41%,
11/09/24
....
4,043
3,934
1666908.PS.FTS.B,
11.7%,
11/10/24
.....
4,874
4,738
1654091.PS.FTS.B,
15.9%,
11/10/24
....
3,807
3,696
1648630.PS.FTS.B,
22.6%,
11/10/24
....
2,409
2,409
1655651.PS.FTS.B,
12.87%,
11/15/24
....
1,475
1,436
1662703.PS.FTS.B,
16%,
11/15/24
......
5,053
4,929
1651004.PS.FTS.B,
16.6%,
11/19/24
....
6,135
5,946
1663073.PS.FTS.B,
18.41%,
11/29/24
....
2,700
2,690
1651826.PS.FTS.B,
11.7%,
12/02/24
....
7,866
7,614
1685280.PS.FTS.B,
12.3%,
12/14/24
....
9,320
9,052
1685958.PS.FTS.B,
11.4%,
12/15/24
....
2,313
2,249
1672952.PS.FTS.B,
12%,
12/15/24
......
1,355
1,314
1672970.PS.FTS.B,
13.5%,
12/15/24
....
4,700
4,565
1685973.PS.FTS.B,
16%,
12/15/24
......
3,719
3,619
1686549.PS.FTS.B,
13%,
12/16/24
......
4,683
4,550
1687008.PS.FTS.B,
19%,
12/16/24
......
3,213
3,164
1674656.PS.FTS.B,
10.89%,
12/17/24
...
7,689
7,473
1680451.PS.FTS.B,
12.3%,
12/17/24
....
995
967
1674668.PS.FTS.B,
12.65%,
12/17/24
...
5,191
5,045
1674647.PS.FTS.B,
13.1%,
12/17/24
....
4,961
4,831
1680760.PS.FTS.B,
19.91%,
12/17/24
...
1,091
1,076
1685979.PS.FTS.B,
13.7%,
12/18/24
....
5,240
5,086
1681975.PS.FTS.B,
24.51%,
12/21/24
...
2,810
2,803
1691055.PS.FTS.B,
14.79%,
12/23/24
...
4,475
4,368
1684660.PS.FTS.B,
20.79%,
12/24/24
...
5,317
5,260
1676825.PS.FTS.B,
12.2%,
12/31/24
....
16,382
–
1687806.PS.FTS.B,
14.7%,
12/31/24
....
8,405
8,142
1692690.PS.FTS.B,
19.1%,
1/02/25
.....
1,223
1,203
1630058.PS.FTS.B,
19.3%,
1/16/25
.....
2,642
1,703
1603442.PS.FTS.B,
18.2%,
7/11/25
.....
5,324
5,110
1605017.PS.FTS.B,
19%,
7/16/25
.......
9,626
6,013
1672340.PS.FTS.B,
15.1%,
11/14/25
....
13,822
13,157
1613484.PS.FTS.B,
16.93%,
8/11/26
....
18,566
17,928
1613481.PS.FTS.B,
19.78%,
8/11/26
....
10,890
10,747
1604105.PS.FTS.B,
13.74%,
8/12/26
....
20,833
20,117
1614300.PS.FTS.B,
13.8%,
8/12/26
.....
19,424
18,803
1613874.PS.FTS.B,
15.2%,
8/12/26
.....
7,022
6,785
1614279.PS.FTS.B,
15.9%,
8/12/26
.....
6,706
6,479
1614306.PS.FTS.B,
18.5%,
8/12/26
.....
14,389
14,211
1613892.PS.FTS.B,
19.18%,
8/12/26
....
4,668
4,608
1603802.PS.FTS.B,
20.3%,
8/12/26
.....
7,286
7,193
1607554.PS.FTS.B,
20.9%,
8/12/26
.....
6,220
6,140
1603823.PS.FTS.B,
28.4%,
8/12/26
.....
1,535
1,556
1608121.PS.FTS.B,
12.7%,
8/13/26
.....
11,273
10,912
1607647.PS.FTS.B,
15%,
8/13/26
.......
5,610
5,422
1604489.PS.FTS.B,
15.1%,
8/13/26
.....
12,304
1,592
1615164.PS.FTS.B,
17%,
8/13/26
.......
7,287
7,150
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
211
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Prosper
Funding
LLC
(continued)
1614735.PS.FTS.B,
18.73%,
8/13/26
....
$
8,648
$
8,355
1607854.PS.FTS.B,
25.48%,
8/13/26
....
1,609
1,606
1607977.PS.FTS.B,
25.48%,
8/13/26
....
3,393
3,445
1604924.PS.FTS.B,
28.4%,
8/13/26
.....
4,990
5,062
1605023.PS.FTS.B,
14.2%,
8/16/26
.....
13,938
13,470
1605623.PS.FTS.B,
16.64%,
8/16/26
....
8,518
8,240
1608526.PS.FTS.B,
19.78%,
8/16/26
....
5,808
5,746
1604936.PS.FTS.B,
25%,
8/16/26
.......
1,504
1,519
1616271.PS.FTS.B,
12.5%,
8/17/26
.....
8,253
7,978
1609138.PS.FTS.B,
16.18%,
8/17/26
....
10,611
10,256
1609525.PS.FTS.B,
17%,
8/17/26
.......
4,826
4,761
1611388.PS.FTS.B,
15.8%,
8/19/26
.....
18,217
17,639
1608082.PS.FTS.B,
12.8%,
8/20/26
.....
10,370
10,004
1611682.PS.FTS.B,
13.3%,
8/20/26
.....
4,593
4,445
1608397.PS.FTS.B,
20.3%,
8/21/26
.....
6,273
6,187
1612375.PS.FTS.B,
14.29%,
8/23/26
....
6,974
6,764
1609286.PS.FTS.B,
15.2%,
8/23/26
.....
2,014
1,960
1619205.PS.FTS.B,
16%,
8/23/26
.......
6,197
–
1610333.PS.FTS.B,
14.39%,
8/24/26
....
2,792
2,709
1613140.PS.FTS.B,
14.7%,
8/24/26
.....
6,996
6,787
1620525.PS.FTS.B,
16.4%,
8/24/26
.....
4,251
4,124
1606978.PS.FTS.B,
13.3%,
8/25/26
.....
9,590
9,375
1606780.PS.FTS.B,
29.08%,
8/25/26
....
5,504
5,526
1622217.PS.FTS.B,
16.7%,
8/27/26
.....
4,329
4,194
1604606.PS.FTS.B,
29.74%,
9/07/26
....
8,035
8,036
1625707.PS.FTS.B,
11.7%,
9/16/26
.....
18,466
17,852
1626049.PS.FTS.B,
15.18%,
9/17/26
....
17,557
16,953
1633221.PS.FTS.B,
18.13%,
9/17/26
....
25,648
24,713
1632897.PS.FTS.B,
18.48%,
9/17/26
....
14,666
14,477
1627039.PS.FTS.B,
12.7%,
9/20/26
.....
2,815
2,720
1627618.PS.FTS.B,
11.79%,
9/21/26
....
7,688
7,431
1634841.PS.FTS.B,
11.79%,
9/21/26
....
8,387
8,107
1634442.PS.FTS.B,
13.93%,
9/21/26
....
6,746
6,521
1627615.PS.FTS.B,
14.7%,
9/21/26
.....
3,571
3,454
1624370.PS.FTS.B,
16.18%,
9/21/26
....
10,131
2,341
1628728.PS.FTS.B,
12.5%,
9/22/26
.....
4,918
4,755
1628947.PS.FTS.B,
12.5%,
9/23/26
.....
7,729
7,474
1635732.PS.FTS.B,
12.7%,
9/23/26
.....
9,148
8,846
1635660.PS.FTS.B,
12.87%,
9/23/26
....
7,046
6,813
1625255.PS.FTS.B,
13.2%,
9/23/26
.....
5,651
5,464
1636926.PS.FTS.B,
11.6%,
9/24/26
.....
8,026
7,763
1625639.PS.FTS.B,
12.7%,
9/24/26
.....
8,399
8,126
1629340.PS.FTS.B,
12.9%,
9/24/26
.....
4,808
4,651
1636506.PS.FTS.B,
15.18%,
9/24/26
....
11,466
11,089
1637322.PS.FTS.B,
12.4%,
9/27/26
.....
7,763
–
1630456.PS.FTS.B,
12.76%,
9/27/26
....
10,787
10,440
1630462.PS.FTS.B,
13.5%,
9/27/26
.....
615
604
1630438.PS.FTS.B,
15.29%,
9/27/26
....
7,319
7,095
1630432.PS.FTS.B,
15.9%,
9/27/26
.....
8,819
8,549
1628431.PS.FTS.B,
16.64%,
9/30/26
....
8,530
8,216
1627061.PS.FTS.B,
19.5%,
10/01/26
....
18,802
18,587
1624733.PS.FTS.B,
16.33%,
10/05/26
...
4,845
4,668
1634613.PS.FTS.B,
14.39%,
10/14/26
...
7,082
6,845
1636347.PS.FTS.B,
12.9%,
10/17/26
....
18,343
17,698
1630162.PS.FTS.B,
16.33%,
10/23/26
...
19,478
15,822
1655010.PS.FTS.B,
19%,
10/26/26
......
5,128
5,071
1648657.PS.FTS.B,
10.4%,
10/27/26
....
10,830
10,474
1648981.PS.FTS.B,
10.7%,
10/27/26
....
17,370
16,797
Description
Principal
Amount
Value
Prosper
Funding
LLC
(continued)
1645613.PS.FTS.B,
12.62%,
10/27/26
...
$
9,901
$
9,574
1655382.PS.FTS.B,
12.8%,
10/27/26
....
25,701
24,853
1655400.PS.FTS.B,
13.7%,
10/27/26
....
4,433
4,290
1648636.PS.FTS.B,
15.2%,
10/27/26
....
1,492
1,444
1645256.PS.FTS.B,
16.33%,
10/27/26
...
6,013
5,818
1645280.PS.FTS.B,
18.78%,
10/27/26
...
15,646
15,475
1645934.PS.FTS.B,
10.5%,
10/28/26
....
5,782
5,646
1649521.PS.FTS.B,
13.4%,
10/28/26
....
8,509
4,107
1649530.PS.FTS.B,
13.5%,
10/28/26
....
5,178
5,063
1649821.PS.FTS.B,
13.66%,
10/28/26
...
7,520
7,285
1649653.PS.FTS.B,
14.7%,
10/28/26
....
4,983
4,887
1646096.PS.FTS.B,
15.1%,
10/28/26
....
4,474
4,389
1646336.PS.FTS.B,
16.33%,
10/28/26
...
15,032
14,760
1656207.PS.FTS.B,
23.64%,
10/28/26
...
19,597
19,745
1646984.PS.FTS.B,
10.08%,
10/29/26
...
8,647
8,443
1657014.PS.FTS.B,
10.5%,
10/29/26
....
25,294
24,707
1650649.PS.FTS.B,
13.8%,
10/29/26
....
5,861
5,778
1657059.PS.FTS.B,
17%,
10/29/26
......
12,076
12,131
1650634.PS.FTS.B,
23.3%,
10/29/26
....
2,418
2,379
1646327.PS.FTS.B,
13.8%,
10/31/26
....
14,801
14,265
1657476.PS.FTS.B,
13.8%,
11/01/26
....
11,083
10,610
1658550.PS.FTS.B,
9.45%,
11/02/26
....
10,756
10,335
1649888.PS.FTS.B,
11.2%,
11/03/26
.....
17,423
16,744
1651424.PS.FTS.B,
10.8%,
11/05/26
....
8,687
8,353
1651418.PS.FTS.B,
11.6%,
11/05/26
.....
1,456
1,400
1650998.PS.FTS.B,
12.7%,
11/05/26
....
11,002
10,577
1661079.PS.FTS.B,
15.1%,
11/05/26
....
20,120
19,285
1654321.PS.FTS.B,
16%,
11/05/26
......
8,245
8,042
1660986.PS.FTS.B,
16.8%,
11/05/26
....
18,833
18,048
1648294.PS.FTS.B,
17.84%,
11/05/26
....
11,447
11,022
1661409.PS.FTS.B,
21.18%,
11/05/26
....
6,637
6,442
1654327.PS.FTS.B,
22.55%,
11/05/26
....
6,274
6,231
1651841.PS.FTS.B,
15.4%,
11/08/26
....
4,107
3,940
1665054.PS.FTS.B,
16.93%,
11/08/26
....
18,170
17,430
1659238.PS.FTS.B,
10.8%,
11/09/26
....
5,430
5,225
1653053.PS.FTS.B,
11.55%,
11/09/26
....
5,094
4,902
1665906.PS.FTS.B,
11.7%,
11/09/26
.....
5,828
5,608
1652894.PS.FTS.B,
12.7%,
11/09/26
....
6,942
6,683
1658878.PS.FTS.B,
12.98%,
11/09/26
....
18,371
17,677
1658887.PS.FTS.B,
13.8%,
11/09/26
....
10,981
10,541
1659130.PS.FTS.B,
15.18%,
11/09/26
....
10,438
10,019
1652711.PS.FTS.B,
16.2%,
11/09/26
.....
9,381
9,169
1665696.PS.FTS.B,
19%,
11/09/26
......
12,650
3,107
1659106.PS.FTS.B,
22.55%,
11/09/26
....
6,661
6,631
1659562.PS.FTS.B,
26.43%,
11/09/26
....
11,945
11,948
1654496.PS.FTS.B,
11.79%,
11/10/26
....
7,289
7,016
1667139.PS.FTS.B,
14.38%,
11/10/26
....
12,609
12,134
1660783.PS.FTS.B,
11.7%,
11/12/26
.....
13,112
12,626
1661254.PS.FTS.B,
21%,
11/12/26
......
5,409
5,428
1668165.PS.FTS.B,
22.6%,
11/12/26
....
3,900
3,912
1656380.PS.FTS.B,
10.9%,
11/15/26
....
5,796
5,585
1658161.PS.FTS.B,
13.3%,
11/15/26
....
6,286
6,019
1653980.PS.FTS.B,
13.7%,
11/15/26
....
11,135
10,670
1653277.PS.FTS.B,
13.8%,
11/16/26
....
17,852
17,072
1654759.PS.FTS.B,
11.89%,
11/19/26
....
3,698
3,552
1660438.PS.FTS.B,
16%,
11/19/26
......
3,772
3,674
1672608.PS.FTS.B,
16%,
11/19/26
......
4,497
4,418
1665885.PS.FTS.B,
13.7%,
11/20/26
....
18,556
17,776
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
212
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Prosper
Funding
LLC
(continued)
1659127.PS.FTS.B,
16.8%,
11/20/26
....
$
15,189
$
14,547
1645619.PS.FTS.B,
18.78%,
11/20/26
....
10,114
9,888
1651010.PS.FTS.B,
10.8%,
11/21/26
....
10,841
10,424
1659142.PS.FTS.B,
14.6%,
11/21/26
....
5,990
5,738
1667304.PS.FTS.B,
13.48%,
12/05/26
...
26,621
25,572
1656341.PS.FTS.B,
15.29%,
12/09/26
...
12,816
12,253
1668453.PS.FTS.B,
9.62%,
12/14/26
....
9,625
9,258
1678408.PS.FTS.B,
10.5%,
12/14/26
....
3,632
3,550
1672670.PS.FTS.B,
12%,
12/14/26
......
5,214
5,020
1685286.PS.FTS.B,
12.5%,
12/14/26
....
5,231
5,036
1678405.PS.FTS.B,
13.8%,
12/14/26
....
11,303
10,851
1672667.PS.FTS.B,
18.78%,
12/14/26
...
9,163
8,944
1685589.PS.FTS.B,
22.8%,
12/14/26
....
9,131
9,006
1679083.PS.FTS.B,
10.5%,
12/15/26
....
14,752
14,205
1679473.PS.FTS.B,
14.68%,
12/15/26
...
15,154
14,590
1679077.PS.FTS.B,
15.12%,
12/15/26
...
15,196
14,591
1685964.PS.FTS.B,
15.29%,
12/15/26
...
15,212
14,606
1672964.PS.FTS.B,
28.23%,
12/15/26
...
8,163
8,154
1680130.PS.FTS.B,
13.4%,
12/16/26
....
7,517
7,239
1680172.PS.FTS.B,
13.4%,
12/16/26
....
9,020
8,665
1687065.PS.FTS.B,
16.4%,
12/16/26
....
14,527
13,951
1680709.PS.FTS.B,
10.5%,
12/17/26
....
14,752
14,211
1687677.PS.FTS.B,
18.4%,
12/17/26
....
15,497
15,151
1674683.PS.FTS.B,
19%,
12/17/26
......
6,220
6,081
1680733.PS.FTS.B,
26.5%,
12/17/26
....
6,475
6,479
1681081.PS.FTS.B,
11.33%,
12/20/26
....
7,062
6,803
1681270.PS.FTS.B,
13.08%,
12/20/26
...
5,251
5,061
1679071.PS.FTS.B,
14.7%,
12/20/26
....
19,002
18,210
1681027.PS.FTS.B,
25.9%,
12/20/26
....
4,607
4,070
1677662.PS.FTS.B,
18.25%,
12/23/26
...
17,032
16,703
1681514.PS.FTS.B,
15.2%,
12/31/26
....
9,618
2,132
1672658.PS.FTS.B,
18.4%,
12/31/26
....
9,550
9,248
1608338.PS.FTS.B,
15.5%,
2/20/27
.....
7,608
1,744
2,090,672
Upgrade,
Inc.
25392723.UG.FTS.B,
25.26%,
9/30/23
...
1,071
198
24237195.UG.FTS.B,
30.51%,
1/03/24
...
2,363
53
23553668.UG.FTS.B,
29.69%,
10/15/24
..
4,788
5,082
23546722.UG.FTS.B,
29.69%,
10/22/24
..
7,186
7,634
23816823.UG.FTS.B,
25.82%,
10/24/24
..
5,685
5,968
23793303.UG.FTS.B,
27.74%,
11/05/24
..
11,240
11,769
24174311.UG.FTS.B,
29.69%,
11/05/24
..
23,598
4,987
24254995.UG.FTS.B,
29.69%,
11/14/24
..
13,693
14,370
24485661.UG.FTS.B,
29.69%,
11/18/24
..
14,533
15,421
24631334.UG.FTS.B,
29.69%,
11/21/24
..
10,575
11,242
24909623.UG.FTS.B,
27.74%,
12/02/24
..
21,013
17,159
24677388.UG.FTS.B,
29.69%,
12/06/24
..
7,096
7,497
24350035.UG.FTS.B,
28.99%,
12/10/24
..
5,916
6,262
24672526.UG.FTS.B,
29.69%,
12/11/24
..
13,266
14,046
24959142.UG.FTS.B,
29.69%,
12/15/24
..
12,397
13,108
25312483.UG.FTS.B,
29.69%,
12/18/24
..
8,966
9,501
25843226.UG.FTS.B,
28.99%,
1/07/25
...
9,865
10,433
25708036.UG.FTS.B,
29.69%,
1/20/25
...
23,601
861
24789598.UG.FTS.B,
25.26%,
11/27/27
..
103
104
155,695
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
991082881.UG.FTS.B,
28.98%,
9/17/23
..
$
5
$
5
991151890.UG.FTS.B,
28.98%,
9/26/23
..
8
8
991123035.UG.FTS.B,
28.98%,
10/17/23
.
18
18
990984188.UG.FTS.B,
28.48%,
10/22/23
.
42
42
991180408.UG.FTS.B,
29.49%,
10/23/23
.
16
3
991152486.UG.FTS.B,
29.48%,
10/26/23
.
19
–
991008863.UG.FTS.B,
Zero
Cpn,
11/08/23
88
6
991191742.UG.FTS.B,
Zero
Cpn,
11/08/23
83
6
991024355.UG.FTS.B,
18.71%,
11/08/23
.
96
7
991083189.UG.FTS.B,
25.45%,
11/08/23
.
41
41
991008836.UG.FTS.B,
29.49%,
11/08/23
.
184
184
991019090.UG.FTS.B,
29.49%,
11/08/23
.
73
–
991019637.UG.FTS.B,
29.49%,
11/08/23
.
45
45
991124803.UG.FTS.B,
29.49%,
11/08/23
.
59
59
991160522.UG.FTS.B,
Zero
Cpn,
11/09/23
93
6
991216040.UG.FTS.B,
15.47%,
11/09/23
.
281
281
991018942.UG.FTS.B,
17.49%,
11/09/23
.
1
1
991142960.UG.FTS.B,
19.96%,
11/09/23
.
93
6
991018978.UG.FTS.B,
20.47%,
11/09/23
.
205
204
991015928.UG.FTS.B,
28.48%,
11/09/23
.
23
23
991018613.UG.FTS.B,
28.48%,
11/09/23
.
30
30
991021226.UG.FTS.B,
29.48%,
11/09/23
.
139
21
991025120.UG.FTS.B,
29.48%,
11/09/23
.
71
72
991018932.UG.FTS.B,
29.49%,
11/09/23
.
169
168
991021901.UG.FTS.B,
29.49%,
11/09/23
.
40
40
991035968.UG.FTS.B,
29.49%,
11/09/23
.
32
32
991047307.UG.FTS.B,
29.49%,
11/09/23
.
–
–
991050282.UG.FTS.B,
29.49%,
11/09/23
.
24
24
991086005.UG.FTS.B,
29.49%,
11/09/23
.
21
21
991162392.UG.FTS.B,
29.49%,
11/09/23
.
50
4
991202489.UG.FTS.B,
29.49%,
11/09/23
.
27
27
991024000.UG.FTS.B,
Zero
Cpn,
11/10/23
415
29
991023400.UG.FTS.B,
16.49%,
11/10/23
.
24
24
991062680.UG.FTS.B,
18.96%,
11/10/23
.
53
8
991022143.UG.FTS.B,
19.96%,
11/10/23
.
110
109
991216376.UG.FTS.B,
21.48%,
11/10/23
.
29
29
991225070.UG.FTS.B,
22.47%,
11/10/23
.
30
29
991034169.UG.FTS.B,
23.45%,
11/10/23
.
–
–
991045741.UG.FTS.B,
23.45%,
11/10/23
.
47
47
991051732.UG.FTS.B,
23.45%,
11/10/23
.
32
32
991107974.UG.FTS.B,
23.45%,
11/10/23
.
20
20
991085164.UG.FTS.B,
23.95%,
11/10/23
.
15
14
991217504.UG.FTS.B,
25.45%,
11/10/23
.
55
54
991045793.UG.FTS.B,
26.44%,
11/10/23
.
167
165
991106609.UG.FTS.B,
28.48%,
11/10/23
.
104
59
991211370.UG.FTS.B,
28.48%,
11/10/23
.
27
27
991045101.UG.FTS.B,
29.48%,
11/10/23
.
106
45
991056252.UG.FTS.B,
29.49%,
11/10/23
.
132
132
991187212.UG.FTS.B,
29.49%,
11/10/23
.
112
20
991025879.UG.FTS.B,
Zero
Cpn,
11/11/23
568
40
991121194.UG.FTS.B,
Zero
Cpn,
11/11/23
657
46
991202378.UG.FTS.B,
16.49%,
11/11/23
.
36
36
991038833.UG.FTS.B,
18.47%,
11/11/23
.
96
96
991106109.UG.FTS.B,
18.47%,
11/11/23
..
49
49
991212211.UG.FTS.B,
19.3%,
11/11/23
...
10
10
991030997.UG.FTS.B,
19.47%,
11/11/23
.
–
–
991062058.UG.FTS.B,
19.96%,
11/11/23
.
46
7
991033770.UG.FTS.B,
19.99%,
11/11/23
.
39
40
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
213
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991033897.UG.FTS.B,
20.47%,
11/11/23
.
$
392
$
390
991062734.UG.FTS.B,
20.96%,
11/11/23
.
49
49
991080192.UG.FTS.B,
20.96%,
11/11/23
.
65
65
991031717.UG.FTS.B,
21.47%,
11/11/23
.
14
14
991034529.UG.FTS.B,
21.48%,
11/11/23
.
48
48
991035672.UG.FTS.B,
21.48%,
11/11/23
.
121
121
991037263.UG.FTS.B,
21.48%,
11/11/23
.
130
130
991081352.UG.FTS.B,
21.48%,
11/11/23
.
35
35
991090030.UG.FTS.B,
22.47%,
11/11/23
.
56
56
991175335.UG.FTS.B,
22.47%,
11/11/23
..
5
1
991215040.UG.FTS.B,
22.47%,
11/11/23
.
29
29
991131589.UG.FTS.B,
25.45%,
11/11/23
..
40
40
991054094.UG.FTS.B,
28.48%,
11/11/23
.
25
11
991056001.UG.FTS.B,
28.48%,
11/11/23
.
43
44
991056988.UG.FTS.B,
28.48%,
11/11/23
.
28
29
991079986.UG.FTS.B,
28.48%,
11/11/23
.
147
21
991087213.UG.FTS.B,
28.48%,
11/11/23
.
61
9
991089405.UG.FTS.B,
28.48%,
11/11/23
.
37
37
991100814.UG.FTS.B,
28.48%,
11/11/23
..
115
115
991112913.UG.FTS.B,
28.48%,
11/11/23
..
1
–
991184147.UG.FTS.B,
28.48%,
11/11/23
..
54
54
991032192.UG.FTS.B,
29.48%,
11/11/23
.
39
39
991042477.UG.FTS.B,
29.48%,
11/11/23
.
74
75
991073502.UG.FTS.B,
29.48%,
11/11/23
.
146
147
991077130.UG.FTS.B,
29.48%,
11/11/23
.
154
154
991096801.UG.FTS.B,
29.48%,
11/11/23
.
133
134
991132279.UG.FTS.B,
29.48%,
11/11/23
..
73
73
991132339.UG.FTS.B,
29.48%,
11/11/23
..
67
67
991141134.UG.FTS.B,
29.48%,
11/11/23
..
207
211
991169941.UG.FTS.B,
29.48%,
11/11/23
..
67
67
991188940.UG.FTS.B,
29.48%,
11/11/23
..
33
34
991196471.UG.FTS.B,
29.48%,
11/11/23
..
19
19
991024641.UG.FTS.B,
29.49%,
11/11/23
.
18
18
991024915.UG.FTS.B,
29.49%,
11/11/23
.
35
35
991026432.UG.FTS.B,
29.49%,
11/11/23
.
61
62
991029761.UG.FTS.B,
29.49%,
11/11/23
.
21
21
991031265.UG.FTS.B,
29.49%,
11/11/23
.
23
23
991032955.UG.FTS.B,
29.49%,
11/11/23
.
25
25
991033023.UG.FTS.B,
29.49%,
11/11/23
.
31
31
991034815.UG.FTS.B,
29.49%,
11/11/23
.
163
165
991036718.UG.FTS.B,
29.49%,
11/11/23
.
–
–
991039757.UG.FTS.B,
29.49%,
11/11/23
.
85
85
991039945.UG.FTS.B,
29.49%,
11/11/23
.
76
77
991042359.UG.FTS.B,
29.49%,
11/11/23
.
884
59
991043005.UG.FTS.B,
29.49%,
11/11/23
.
75
75
991043262.UG.FTS.B,
29.49%,
11/11/23
.
44
1
991043493.UG.FTS.B,
29.49%,
11/11/23
.
187
189
991046860.UG.FTS.B,
29.49%,
11/11/23
.
100
100
991049605.UG.FTS.B,
29.49%,
11/11/23
.
19
19
991050801.UG.FTS.B,
29.49%,
11/11/23
.
82
82
991053364.UG.FTS.B,
29.49%,
11/11/23
.
24
25
991056670.UG.FTS.B,
29.49%,
11/11/23
.
20
20
991057788.UG.FTS.B,
29.49%,
11/11/23
.
–
–
991061678.UG.FTS.B,
29.49%,
11/11/23
.
45
45
991066988.UG.FTS.B,
29.49%,
11/11/23
.
–
–
991074139.UG.FTS.B,
29.49%,
11/11/23
.
42
42
991078791.UG.FTS.B,
29.49%,
11/11/23
.
100
101
991080602.UG.FTS.B,
29.49%,
11/11/23
.
26
26
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991086306.UG.FTS.B,
29.49%,
11/11/23
.
$
30
$
30
991098895.UG.FTS.B,
29.49%,
11/11/23
.
31
31
991119020.UG.FTS.B,
29.49%,
11/11/23
..
124
124
991127514.UG.FTS.B,
29.49%,
11/11/23
..
31
3
991146122.UG.FTS.B,
29.49%,
11/11/23
..
40
40
991159442.UG.FTS.B,
29.49%,
11/11/23
..
45
45
991176715.UG.FTS.B,
29.49%,
11/11/23
..
125
126
991179512.UG.FTS.B,
29.49%,
11/11/23
..
17
17
991037200.UG.FTS.B,
15.47%,
11/12/23
.
25
25
991192985.UG.FTS.B,
15.47%,
11/12/23
.
82
81
991044320.UG.FTS.B,
17.47%,
11/12/23
.
26
26
991064030.UG.FTS.B,
17.49%,
11/12/23
.
27
26
991083038.UG.FTS.B,
18.47%,
11/12/23
.
32
14
991033709.UG.FTS.B,
18.71%,
11/12/23
.
93
92
991067044.UG.FTS.B,
18.71%,
11/12/23
.
26
26
991106285.UG.FTS.B,
18.71%,
11/12/23
.
41
40
991167442.UG.FTS.B,
19.3%,
11/12/23
..
46
46
991194722.UG.FTS.B,
19.3%,
11/12/23
..
22
22
991032260.UG.FTS.B,
19.96%,
11/12/23
.
20
20
991041583.UG.FTS.B,
19.96%,
11/12/23
.
1,797
101
991044473.UG.FTS.B,
19.96%,
11/12/23
.
259
19
991032115.UG.FTS.B,
20.47%,
11/12/23
.
–
–
991054625.UG.FTS.B,
20.47%,
11/12/23
.
247
245
991068914.UG.FTS.B,
20.47%,
11/12/23
.
5
5
991225200.UG.FTS.B,
20.47%,
11/12/23
.
34
34
991032833.UG.FTS.B,
20.96%,
11/12/23
.
34
34
991044922.UG.FTS.B,
20.96%,
11/12/23
.
67
66
991057439.UG.FTS.B,
20.96%,
11/12/23
.
22
22
991216384.UG.FTS.B,
20.96%,
11/12/23
.
20
20
991034570.UG.FTS.B,
21.48%,
11/12/23
.
257
39
991036635.UG.FTS.B,
21.48%,
11/12/23
.
584
581
991036961.UG.FTS.B,
21.48%,
11/12/23
.
86
86
991208952.UG.FTS.B,
21.48%,
11/12/23
.
20
20
991180605.UG.FTS.B,
23.45%,
11/12/23
.
96
96
991038867.UG.FTS.B,
24.45%,
11/12/23
.
324
322
991113657.UG.FTS.B,
25.95%,
11/12/23
..
127
126
991038818.UG.FTS.B,
26.44%,
11/12/23
.
225
224
991040642.UG.FTS.B,
26.44%,
11/12/23
.
76
76
991073274.UG.FTS.B,
18.71%,
11/13/23
.
102
101
991205571.UG.FTS.B,
18.96%,
11/13/23
.
56
56
991039066.UG.FTS.B,
19.3%,
11/13/23
..
40
39
991056261.UG.FTS.B,
19.3%,
11/13/23
..
66
66
991090653.UG.FTS.B,
19.3%,
11/13/23
..
34
33
991043180.UG.FTS.B,
19.96%,
11/13/23
.
194
193
991046521.UG.FTS.B,
19.96%,
11/13/23
.
70
70
991156351.UG.FTS.B,
19.96%,
11/13/23
.
29
29
991113763.UG.FTS.B,
20.47%,
11/13/23
..
61
61
991061724.UG.FTS.B,
20.96%,
11/13/23
.
118
117
991085322.UG.FTS.B,
20.96%,
11/13/23
.
98
97
991133714.UG.FTS.B,
21.48%,
11/13/23
.
35
16
991058827.UG.FTS.B,
22.47%,
11/13/23
.
22
22
991062587.UG.FTS.B,
22.47%,
11/13/23
.
19
19
991050659.UG.FTS.B,
23.45%,
11/13/23
.
24
24
991071055.UG.FTS.B,
23.45%,
11/13/23
.
77
76
991139412.UG.FTS.B,
23.45%,
11/13/23
.
45
45
991142265.UG.FTS.B,
23.45%,
11/13/23
.
12
12
991176060.UG.FTS.B,
25.45%,
11/13/23
.
32
32
991107055.UG.FTS.B,
18.71%,
11/14/23
.
657
230
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
214
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991047599.UG.FTS.B,
19.3%,
11/14/23
..
$
122
$
121
991058243.UG.FTS.B,
19.3%,
11/14/23
..
40
39
991050735.UG.FTS.B,
19.96%,
11/14/23
.
23
23
991063812.UG.FTS.B,
19.96%,
11/14/23
.
38
38
991085726.UG.FTS.B,
19.96%,
11/14/23
.
82
82
991088392.UG.FTS.B,
19.96%,
11/14/23
.
50
50
991096994.UG.FTS.B,
19.96%,
11/14/23
.
39
6
991197816.UG.FTS.B,
20.47%,
11/14/23
.
85
85
991057830.UG.FTS.B,
20.96%,
11/14/23
.
115
114
991070682.UG.FTS.B,
20.96%,
11/14/23
.
186
185
991211165.UG.FTS.B,
20.96%,
11/14/23
..
9
9
991046306.UG.FTS.B,
21.48%,
11/14/23
.
21
21
991059221.UG.FTS.B,
21.48%,
11/14/23
.
39
39
991083025.UG.FTS.B,
21.48%,
11/14/23
.
12
12
991169194.UG.FTS.B,
21.48%,
11/14/23
.
39
39
991135531.UG.FTS.B,
22.45%,
11/14/23
.
153
152
991048200.UG.FTS.B,
22.47%,
11/14/23
.
63
23
991102269.UG.FTS.B,
22.47%,
11/14/23
.
100
99
991066592.UG.FTS.B,
23.45%,
11/14/23
.
45
44
991075640.UG.FTS.B,
23.45%,
11/14/23
.
166
146
991079287.UG.FTS.B,
23.45%,
11/14/23
.
35
35
991101560.UG.FTS.B,
23.45%,
11/14/23
.
192
170
991204642.UG.FTS.B,
25.45%,
11/14/23
.
15
2
991095911.UG.FTS.B,
26.44%,
11/14/23
.
56
55
991058895.UG.FTS.B,
Zero
Cpn,
11/15/23
–
–
991058196.UG.FTS.B,
18.47%,
11/15/23
.
73
73
991187403.UG.FTS.B,
18.71%,
11/15/23
.
21
21
991236065.UG.FTS.B,
18.71%,
11/15/23
.
29
29
991072063.UG.FTS.B,
19.3%,
11/15/23
..
16
16
991081725.UG.FTS.B,
19.3%,
11/15/23
..
54
54
991141838.UG.FTS.B,
19.3%,
11/15/23
..
195
194
991065357.UG.FTS.B,
19.96%,
11/15/23
.
40
40
991056483.UG.FTS.B,
20.47%,
11/15/23
.
19
19
991076551.UG.FTS.B,
20.47%,
11/15/23
.
83
35
991124607.UG.FTS.B,
20.47%,
11/15/23
.
196
194
991074564.UG.FTS.B,
20.96%,
11/15/23
.
86
86
991058367.UG.FTS.B,
21.47%,
11/15/23
.
29
28
991072712.UG.FTS.B,
21.48%,
11/15/23
.
13
13
991096653.UG.FTS.B,
21.48%,
11/15/23
.
2
2
991144815.UG.FTS.B,
21.48%,
11/15/23
.
26
26
991197316.UG.FTS.B,
21.48%,
11/15/23
.
39
39
991234176.UG.FTS.B,
22.47%,
11/15/23
.
228
226
991055836.UG.FTS.B,
23.45%,
11/15/23
.
11
11
991081650.UG.FTS.B,
23.45%,
11/15/23
.
6
6
991132951.UG.FTS.B,
23.45%,
11/15/23
.
75
75
991103133.UG.FTS.B,
25.45%,
11/15/23
.
18
18
991130854.UG.FTS.B,
25.45%,
11/15/23
.
35
35
991070986.UG.FTS.B,
26.44%,
11/15/23
.
–
–
991092109.UG.FTS.B,
19.99%,
11/16/23
.
4
4
991099523.UG.FTS.B,
23.45%,
11/16/23
.
92
91
991258705.UG.FTS.B,
23.45%,
11/16/23
.
2
2
991068488.UG.FTS.B,
26.44%,
11/16/23
.
17
17
991111612.UG.FTS.B,
27.99%,
11/16/23
..
23
23
991240822.UG.FTS.B,
28.48%,
11/16/23
.
28
28
991262392.UG.FTS.B,
28.48%,
11/16/23
.
–
–
991085849.UG.FTS.B,
29.48%,
11/16/23
.
61
61
991060063.UG.FTS.B,
29.49%,
11/16/23
.
23
23
991100362.UG.FTS.B,
29.49%,
11/16/23
.
51
21
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991185464.UG.FTS.B,
29.49%,
11/16/23
.
$
407
$
10
991205767.UG.FTS.B,
29.49%,
11/16/23
.
23
23
991151747.UG.FTS.B,
Zero
Cpn,
11/17/23
44
3
991067548.UG.FTS.B,
19.3%,
11/17/23
..
22
22
991065584.UG.FTS.B,
19.47%,
11/17/23
.
94
93
991077777.UG.FTS.B,
19.96%,
11/17/23
.
1
1
991168609.UG.FTS.B,
20.47%,
11/17/23
.
107
107
991209560.UG.FTS.B,
21.48%,
11/17/23
.
27
27
991081293.UG.FTS.B,
22.45%,
11/17/23
.
53
52
991113027.UG.FTS.B,
22.47%,
11/17/23
..
98
97
991204617.UG.FTS.B,
23.45%,
11/17/23
.
147
146
991224707.UG.FTS.B,
23.45%,
11/17/23
.
115
114
991099774.UG.FTS.B,
25.45%,
11/17/23
.
20
19
991064383.UG.FTS.B,
28.48%,
11/17/23
.
–
–
991071964.UG.FTS.B,
28.48%,
11/17/23
.
23
23
991075400.UG.FTS.B,
28.48%,
11/17/23
.
38
17
991111183.UG.FTS.B,
28.48%,
11/17/23
..
30
5
991129990.UG.FTS.B,
28.48%,
11/17/23
.
35
35
991065018.UG.FTS.B,
29.48%,
11/17/23
.
34
34
991076428.UG.FTS.B,
29.48%,
11/17/23
.
40
40
991267853.UG.FTS.B,
29.48%,
11/17/23
.
–
–
991067845.UG.FTS.B,
29.49%,
11/17/23
.
13
13
991068636.UG.FTS.B,
29.49%,
11/17/23
.
95
95
991077432.UG.FTS.B,
29.49%,
11/17/23
.
9
9
991089483.UG.FTS.B,
29.49%,
11/17/23
.
180
177
991150434.UG.FTS.B,
29.49%,
11/17/23
.
24
24
991269502.UG.FTS.B,
29.49%,
11/17/23
.
104
104
991116348.UG.FTS.B,
Zero
Cpn,
11/18/23
116
8
991118229.UG.FTS.B,
18.71%,
11/18/23
..
32
32
991262395.UG.FTS.B,
18.71%,
11/18/23
.
62
61
991076172.UG.FTS.B,
19.3%,
11/18/23
..
29
29
991081999.UG.FTS.B,
19.96%,
11/18/23
.
22
21
991085802.UG.FTS.B,
19.96%,
11/18/23
.
180
179
991090911.UG.FTS.B,
19.96%,
11/18/23
.
33
33
991096448.UG.FTS.B,
19.96%,
11/18/23
.
191
190
991271010.UG.FTS.B,
19.99%,
11/18/23
.
74
74
991093143.UG.FTS.B,
20.47%,
11/18/23
.
55
55
991132272.UG.FTS.B,
20.47%,
11/18/23
.
56
55
991129310.UG.FTS.B,
20.96%,
11/18/23
.
20
20
991096770.UG.FTS.B,
21.48%,
11/18/23
.
44
44
991269600.UG.FTS.B,
21.48%,
11/18/23
.
15
15
991087743.UG.FTS.B,
22.45%,
11/18/23
.
148
147
991106955.UG.FTS.B,
22.47%,
11/18/23
.
123
122
991087138.UG.FTS.B,
25.45%,
11/18/23
.
47
47
991105579.UG.FTS.B,
27.99%,
11/18/23
.
25
25
991101152.UG.FTS.B,
28.48%,
11/18/23
..
48
49
991112752.UG.FTS.B,
28.48%,
11/18/23
..
42
42
991130012.UG.FTS.B,
28.48%,
11/18/23
.
32
32
991154554.UG.FTS.B,
28.48%,
11/18/23
.
36
36
991192524.UG.FTS.B,
29.48%,
11/18/23
.
50
50
991205108.UG.FTS.B,
29.48%,
11/18/23
.
54
54
991086090.UG.FTS.B,
29.49%,
11/18/23
.
50
51
991089044.UG.FTS.B,
29.49%,
11/18/23
.
17
16
991096973.UG.FTS.B,
29.49%,
11/18/23
.
29
30
991102474.UG.FTS.B,
29.49%,
11/18/23
.
2,500
2,486
991103603.UG.FTS.B,
29.49%,
11/18/23
.
53
53
991109166.UG.FTS.B,
29.49%,
11/18/23
.
152
153
991208660.UG.FTS.B,
29.49%,
11/18/23
.
70
70
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
215
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991244087.UG.FTS.B,
29.49%,
11/18/23
.
$
40
$
40
991267143.UG.FTS.B,
29.49%,
11/18/23
.
595
595
991268887.UG.FTS.B,
29.49%,
11/18/23
.
46
46
991273696.UG.FTS.B,
29.49%,
11/18/23
.
18
18
991277429.UG.FTS.B,
29.49%,
11/18/23
.
40
(2)
991082217.UG.FTS.B,
Zero
Cpn,
11/19/23
72
5
991109156.UG.FTS.B,
Zero
Cpn,
11/19/23
–
–
991133644.UG.FTS.B,
18.47%,
11/19/23
.
173
172
991136963.UG.FTS.B,
18.47%,
11/19/23
.
67
66
991081404.UG.FTS.B,
18.71%,
11/19/23
.
114
101
991104977.UG.FTS.B,
18.71%,
11/19/23
.
23
23
991087297.UG.FTS.B,
19.3%,
11/19/23
..
294
293
991112759.UG.FTS.B,
19.3%,
11/19/23
...
76
75
991137081.UG.FTS.B,
19.99%,
11/19/23
.
40
40
991218561.UG.FTS.B,
20.47%,
11/19/23
.
23
23
991086525.UG.FTS.B,
20.96%,
11/19/23
.
21
21
991105587.UG.FTS.B,
20.96%,
11/19/23
.
28
28
991277289.UG.FTS.B,
20.96%,
11/19/23
.
625
621
991100356.UG.FTS.B,
21.47%,
11/19/23
.
111
110
991099366.UG.FTS.B,
21.48%,
11/19/23
.
25
25
991219801.UG.FTS.B,
21.48%,
11/19/23
.
23
23
991099400.UG.FTS.B,
22.47%,
11/19/23
.
85
85
991102793.UG.FTS.B,
22.47%,
11/19/23
.
42
42
991110963.UG.FTS.B,
22.47%,
11/19/23
..
119
118
991113770.UG.FTS.B,
22.47%,
11/19/23
..
105
105
991252484.UG.FTS.B,
22.47%,
11/19/23
.
38
38
991079765.UG.FTS.B,
28.48%,
11/19/23
.
17
17
991081496.UG.FTS.B,
28.48%,
11/19/23
.
115
116
991083782.UG.FTS.B,
28.48%,
11/19/23
.
26
26
991086939.UG.FTS.B,
28.48%,
11/19/23
.
63
63
991098785.UG.FTS.B,
28.48%,
11/19/23
.
58
58
991103315.UG.FTS.B,
28.48%,
11/19/23
.
28
28
991103375.UG.FTS.B,
28.48%,
11/19/23
.
27
27
991104461.UG.FTS.B,
28.48%,
11/19/23
.
90
91
991107749.UG.FTS.B,
28.48%,
11/19/23
.
35
35
991161650.UG.FTS.B,
28.48%,
11/19/23
.
98
98
991200969.UG.FTS.B,
28.48%,
11/19/23
.
71
71
991223308.UG.FTS.B,
28.48%,
11/19/23
.
57
58
991266849.UG.FTS.B,
28.48%,
11/19/23
.
103
104
991089034.UG.FTS.B,
29.48%,
11/19/23
.
19
19
991098237.UG.FTS.B,
29.48%,
11/19/23
.
108
109
991126072.UG.FTS.B,
29.48%,
11/19/23
.
111
112
991129061.UG.FTS.B,
29.48%,
11/19/23
.
258
258
991133197.UG.FTS.B,
29.48%,
11/19/23
.
5
5
991170083.UG.FTS.B,
29.48%,
11/19/23
.
838
839
991199919.UG.FTS.B,
29.48%,
11/19/23
.
131
132
991080354.UG.FTS.B,
29.49%,
11/19/23
.
18
18
991081845.UG.FTS.B,
29.49%,
11/19/23
.
65
65
991081885.UG.FTS.B,
29.49%,
11/19/23
.
21
21
991092913.UG.FTS.B,
29.49%,
11/19/23
.
35
35
991099109.UG.FTS.B,
29.49%,
11/19/23
.
40
(2)
991106030.UG.FTS.B,
29.49%,
11/19/23
.
34
35
991108107.UG.FTS.B,
29.49%,
11/19/23
.
29
29
991108792.UG.FTS.B,
29.49%,
11/19/23
.
1
1
991113771.UG.FTS.B,
29.49%,
11/19/23
..
67
(2)
991115413.UG.FTS.B,
29.49%,
11/19/23
..
30
30
991116514.UG.FTS.B,
29.49%,
11/19/23
..
24
24
991118360.UG.FTS.B,
29.49%,
11/19/23
..
–
–
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991122460.UG.FTS.B,
29.49%,
11/19/23
.
$
200
$
200
991125621.UG.FTS.B,
29.49%,
11/19/23
.
23
23
991130997.UG.FTS.B,
29.49%,
11/19/23
.
21
21
991133629.UG.FTS.B,
29.49%,
11/19/23
.
31
32
991142836.UG.FTS.B,
29.49%,
11/19/23
.
19
19
991149117.UG.FTS.B,
29.49%,
11/19/23
..
148
148
991154172.UG.FTS.B,
29.49%,
11/19/23
.
18
18
991179290.UG.FTS.B,
29.49%,
11/19/23
.
119
9
991187139.UG.FTS.B,
29.49%,
11/19/23
.
39
39
991191231.UG.FTS.B,
29.49%,
11/19/23
.
27
27
991194815.UG.FTS.B,
29.49%,
11/19/23
.
7
7
991195453.UG.FTS.B,
29.49%,
11/19/23
.
20
20
991214900.UG.FTS.B,
29.49%,
11/19/23
.
47
8
991217550.UG.FTS.B,
29.49%,
11/19/23
.
210
211
991232161.UG.FTS.B,
29.49%,
11/19/23
.
15
15
991239048.UG.FTS.B,
29.49%,
11/19/23
.
146
146
991245485.UG.FTS.B,
29.49%,
11/19/23
.
11
11
991255003.UG.FTS.B,
29.49%,
11/19/23
.
40
40
991266447.UG.FTS.B,
29.49%,
11/19/23
.
146
147
991268756.UG.FTS.B,
29.49%,
11/19/23
.
15
15
991273851.UG.FTS.B,
29.49%,
11/19/23
.
13
2
991276787.UG.FTS.B,
29.49%,
11/19/23
.
52
52
991284044.UG.FTS.B,
29.49%,
11/19/23
.
47
47
991106393.UG.FTS.B,
Zero
Cpn,
11/20/23
109
8
991123928.UG.FTS.B,
Zero
Cpn,
11/20/23
102
7
991247130.UG.FTS.B,
Zero
Cpn,
11/20/23
79
5
991223759.UG.FTS.B,
19.3%,
11/20/23
..
25
25
991160337.UG.FTS.B,
19.99%,
11/20/23
.
45
45
991173118.UG.FTS.B,
19.99%,
11/20/23
..
11
11
991140327.UG.FTS.B,
20.47%,
11/20/23
.
26
26
991245732.UG.FTS.B,
20.47%,
11/20/23
.
26
26
991129247.UG.FTS.B,
20.96%,
11/20/23
.
14
14
991110573.UG.FTS.B,
21.48%,
11/20/23
..
51
51
991128464.UG.FTS.B,
21.48%,
11/20/23
.
63
63
991253213.UG.FTS.B,
21.48%,
11/20/23
.
66
(1)
991088077.UG.FTS.B,
22.47%,
11/20/23
.
212
17
991144324.UG.FTS.B,
22.47%,
11/20/23
.
22
22
991101785.UG.FTS.B,
28.48%,
11/20/23
.
19
19
991120295.UG.FTS.B,
28.48%,
11/20/23
.
21
21
991133949.UG.FTS.B,
28.48%,
11/20/23
.
31
31
991136789.UG.FTS.B,
28.48%,
11/20/23
.
24
24
991139388.UG.FTS.B,
28.48%,
11/20/23
.
49
49
991147217.UG.FTS.B,
28.48%,
11/20/23
.
22
22
991151706.UG.FTS.B,
28.48%,
11/20/23
.
27
27
991180290.UG.FTS.B,
28.48%,
11/20/23
.
97
97
991183278.UG.FTS.B,
28.48%,
11/20/23
.
31
31
991188196.UG.FTS.B,
28.48%,
11/20/23
.
93
93
991208366.UG.FTS.B,
28.48%,
11/20/23
.
38
38
991209934.UG.FTS.B,
28.48%,
11/20/23
.
255
256
991291675.UG.FTS.B,
28.48%,
11/20/23
.
–
–
991099375.UG.FTS.B,
29.48%,
11/20/23
.
16
16
991110336.UG.FTS.B,
29.48%,
11/20/23
..
45
45
991114131.UG.FTS.B,
29.48%,
11/20/23
..
26
26
991144898.UG.FTS.B,
29.48%,
11/20/23
.
38
38
991167792.UG.FTS.B,
29.48%,
11/20/23
.
17
17
991189309.UG.FTS.B,
29.48%,
11/20/23
.
56
57
991103977.UG.FTS.B,
29.49%,
11/20/23
.
220
221
991104098.UG.FTS.B,
29.49%,
11/20/23
.
26
26
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
216
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991104737.UG.FTS.B,
29.49%,
11/20/23
.
$
129
$
130
991109649.UG.FTS.B,
29.49%,
11/20/23
.
33
33
991114689.UG.FTS.B,
29.49%,
11/20/23
..
53
53
991115508.UG.FTS.B,
29.49%,
11/20/23
..
15
15
991117155.UG.FTS.B,
29.49%,
11/20/23
..
29
29
991117438.UG.FTS.B,
29.49%,
11/20/23
..
26
26
991121552.UG.FTS.B,
29.49%,
11/20/23
.
32
32
991122701.UG.FTS.B,
29.49%,
11/20/23
.
27
27
991130319.UG.FTS.B,
29.49%,
11/20/23
.
129
129
991139325.UG.FTS.B,
29.49%,
11/20/23
.
26
26
991145726.UG.FTS.B,
29.49%,
11/20/23
.
25
25
991149619.UG.FTS.B,
29.49%,
11/20/23
.
7
7
991151536.UG.FTS.B,
29.49%,
11/20/23
.
36
36
991155248.UG.FTS.B,
29.49%,
11/20/23
.
51
8
991156986.UG.FTS.B,
29.49%,
11/20/23
.
1
1
991163351.UG.FTS.B,
29.49%,
11/20/23
.
106
107
991164069.UG.FTS.B,
29.49%,
11/20/23
.
9
(1)
991164951.UG.FTS.B,
29.49%,
11/20/23
.
56
57
991165843.UG.FTS.B,
29.49%,
11/20/23
.
38
38
991171687.UG.FTS.B,
29.49%,
11/20/23
.
5
5
991174051.UG.FTS.B,
29.49%,
11/20/23
.
1,106
184
991185357.UG.FTS.B,
29.49%,
11/20/23
.
53
54
991217754.UG.FTS.B,
29.49%,
11/20/23
.
46
46
991230774.UG.FTS.B,
29.49%,
11/20/23
.
48
49
991239892.UG.FTS.B,
29.49%,
11/20/23
.
42
42
991262795.UG.FTS.B,
29.49%,
11/20/23
.
24
24
991264888.UG.FTS.B,
29.49%,
11/20/23
.
78
78
991206138.UG.FTS.B,
Zero
Cpn,
11/21/23
140
9
991119059.UG.FTS.B,
18.47%,
11/21/23
..
48
48
991182650.UG.FTS.B,
19.3%,
11/21/23
..
19
19
991119021.UG.FTS.B,
23.45%,
11/21/23
..
370
368
991110444.UG.FTS.B,
25.44%,
11/21/23
..
–
–
991126469.UG.FTS.B,
26.44%,
11/21/23
.
56
55
991136286.UG.FTS.B,
28.48%,
11/21/23
.
146
147
991143210.UG.FTS.B,
28.48%,
11/21/23
.
37
37
991179665.UG.FTS.B,
28.48%,
11/21/23
.
40
40
991192321.UG.FTS.B,
28.48%,
11/21/23
.
22
22
991244839.UG.FTS.B,
28.48%,
11/21/23
.
40
40
991250805.UG.FTS.B,
28.48%,
11/21/23
.
–
–
991101326.UG.FTS.B,
29.48%,
11/21/23
.
149
150
991137525.UG.FTS.B,
29.48%,
11/21/23
.
19
19
991138181.UG.FTS.B,
29.48%,
11/21/23
.
50
50
991144416.UG.FTS.B,
29.48%,
11/21/23
.
41
6
991221688.UG.FTS.B,
29.48%,
11/21/23
.
89
90
991233225.UG.FTS.B,
29.48%,
11/21/23
.
19
19
991108274.UG.FTS.B,
29.49%,
11/21/23
.
126
126
991115516.UG.FTS.B,
29.49%,
11/21/23
..
57
9
991120556.UG.FTS.B,
29.49%,
11/21/23
.
151
152
991123249.UG.FTS.B,
29.49%,
11/21/23
.
60
60
991128135.UG.FTS.B,
29.49%,
11/21/23
.
210
210
991128360.UG.FTS.B,
29.49%,
11/21/23
.
9
9
991136907.UG.FTS.B,
29.49%,
11/21/23
.
62
11
991141067.UG.FTS.B,
29.49%,
11/21/23
.
147
148
991143329.UG.FTS.B,
29.49%,
11/21/23
.
48
(1)
991147427.UG.FTS.B,
29.49%,
11/21/23
.
40
40
991148944.UG.FTS.B,
29.49%,
11/21/23
.
61
61
991150239.UG.FTS.B,
29.49%,
11/21/23
.
1
1
991158412.UG.FTS.B,
29.49%,
11/21/23
.
22
20
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991159041.UG.FTS.B,
29.49%,
11/21/23
.
$
73
$
73
991164538.UG.FTS.B,
29.49%,
11/21/23
.
32
32
991164665.UG.FTS.B,
29.49%,
11/21/23
.
19
19
991172015.UG.FTS.B,
29.49%,
11/21/23
.
34
34
991177356.UG.FTS.B,
29.49%,
11/21/23
.
70
70
991179715.UG.FTS.B,
29.49%,
11/21/23
.
47
48
991181774.UG.FTS.B,
29.49%,
11/21/23
.
52
52
991186328.UG.FTS.B,
29.49%,
11/21/23
.
5
5
991190043.UG.FTS.B,
29.49%,
11/21/23
.
82
82
991208015.UG.FTS.B,
29.49%,
11/21/23
.
35
35
991210218.UG.FTS.B,
29.49%,
11/21/23
.
19
19
991210916.UG.FTS.B,
29.49%,
11/21/23
.
35
35
991214741.UG.FTS.B,
29.49%,
11/21/23
.
12
12
991218135.UG.FTS.B,
29.49%,
11/21/23
.
39
40
991280311.UG.FTS.B,
29.49%,
11/21/23
.
65
65
991136157.UG.FTS.B,
Zero
Cpn,
11/22/23
55
4
991206844.UG.FTS.B,
Zero
Cpn,
11/22/23
30
2
991128782.UG.FTS.B,
19.3%,
11/22/23
..
11
11
991210107.UG.FTS.B,
19.96%,
11/22/23
.
543
542
991130918.UG.FTS.B,
21.48%,
11/22/23
.
37
37
991216544.UG.FTS.B,
21.48%,
11/22/23
.
62
62
991226181.UG.FTS.B,
21.48%,
11/22/23
.
22
22
991099635.UG.FTS.B,
27.99%,
11/22/23
.
17
17
991100713.UG.FTS.B,
28.48%,
11/22/23
.
25
25
991107100.UG.FTS.B,
28.48%,
11/22/23
.
–
–
991108827.UG.FTS.B,
28.48%,
11/22/23
.
6
6
991114808.UG.FTS.B,
28.48%,
11/22/23
..
41
38
991153431.UG.FTS.B,
28.48%,
11/22/23
.
115
116
991101762.UG.FTS.B,
29.48%,
11/22/23
.
40
40
991105231.UG.FTS.B,
29.48%,
11/22/23
.
69
69
991105725.UG.FTS.B,
29.48%,
11/22/23
.
17
17
991113377.UG.FTS.B,
29.48%,
11/22/23
..
67
66
991114774.UG.FTS.B,
29.48%,
11/22/23
..
144
144
991159235.UG.FTS.B,
29.48%,
11/22/23
.
595
95
991098845.UG.FTS.B,
29.49%,
11/22/23
.
104
104
991104436.UG.FTS.B,
29.49%,
11/22/23
.
34
34
991104734.UG.FTS.B,
29.49%,
11/22/23
.
177
178
991105964.UG.FTS.B,
29.49%,
11/22/23
.
36
37
991107039.UG.FTS.B,
29.49%,
11/22/23
.
49
(2)
991110535.UG.FTS.B,
29.49%,
11/22/23
..
116
117
991115233.UG.FTS.B,
29.49%,
11/22/23
..
140
140
991123719.UG.FTS.B,
29.49%,
11/22/23
.
20
20
991127190.UG.FTS.B,
29.49%,
11/22/23
.
28
28
991131752.UG.FTS.B,
29.49%,
11/22/23
.
125
32
991134301.UG.FTS.B,
29.49%,
11/22/23
.
27
(1)
991136773.UG.FTS.B,
29.49%,
11/22/23
.
52
52
991138760.UG.FTS.B,
29.49%,
11/22/23
.
13
13
991140775.UG.FTS.B,
29.49%,
11/22/23
.
27
27
991145029.UG.FTS.B,
29.49%,
11/22/23
.
32
5
991146596.UG.FTS.B,
29.49%,
11/22/23
.
20
20
991150162.UG.FTS.B,
29.49%,
11/22/23
.
24
24
991155530.UG.FTS.B,
29.49%,
11/22/23
.
30
(1)
991172183.UG.FTS.B,
29.49%,
11/22/23
.
46
46
991174255.UG.FTS.B,
29.49%,
11/22/23
.
23
23
991179177.UG.FTS.B,
29.49%,
11/22/23
.
27
5
991188329.UG.FTS.B,
29.49%,
11/22/23
.
–
–
991190714.UG.FTS.B,
29.49%,
11/22/23
.
22
22
991193399.UG.FTS.B,
29.49%,
11/22/23
.
62
62
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
217
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991218188.UG.FTS.B,
29.49%,
11/22/23
.
$
11
$
11
991225043.UG.FTS.B,
29.49%,
11/22/23
.
147
148
991234579.UG.FTS.B,
29.49%,
11/22/23
.
54
54
991247778.UG.FTS.B,
29.49%,
11/22/23
.
43
(2)
991254689.UG.FTS.B,
29.49%,
11/22/23
.
424
63
991305655.UG.FTS.B,
29.49%,
11/22/23
.
47
48
991102589.UG.FTS.B,
29.98%,
11/22/23
.
21
21
991114228.UG.FTS.B,
Zero
Cpn,
11/23/23
84
6
991146851.UG.FTS.B,
Zero
Cpn,
11/23/23
163
11
991291121.UG.FTS.B,
19.96%,
11/23/23
.
25
25
991298830.UG.FTS.B,
19.96%,
11/23/23
.
202
201
991194396.UG.FTS.B,
19.99%,
11/23/23
.
42
42
991115402.UG.FTS.B,
20.96%,
11/23/23
..
28
28
991287696.UG.FTS.B,
20.96%,
11/23/23
.
46
46
991224752.UG.FTS.B,
21.48%,
11/23/23
.
39
39
991308890.UG.FTS.B,
27.99%,
11/23/23
.
7
7
991113930.UG.FTS.B,
28.48%,
11/23/23
..
29
29
991122874.UG.FTS.B,
28.48%,
11/23/23
.
62
62
991139072.UG.FTS.B,
28.48%,
11/23/23
.
86
87
991148130.UG.FTS.B,
28.48%,
11/23/23
.
21
21
991149182.UG.FTS.B,
28.48%,
11/23/23
.
82
83
991280037.UG.FTS.B,
28.48%,
11/23/23
.
23
23
991317220.UG.FTS.B,
28.48%,
11/23/23
.
108
109
991116041.UG.FTS.B,
29.48%,
11/23/23
..
31
31
991122886.UG.FTS.B,
29.48%,
11/23/23
.
47
48
991140139.UG.FTS.B,
29.48%,
11/23/23
.
20
20
991166312.UG.FTS.B,
29.48%,
11/23/23
.
37
6
991169530.UG.FTS.B,
29.48%,
11/23/23
.
63
64
991172585.UG.FTS.B,
29.48%,
11/23/23
.
30
30
991217359.UG.FTS.B,
29.48%,
11/23/23
.
47
47
991312091.UG.FTS.B,
29.48%,
11/23/23
.
20
3
991105687.UG.FTS.B,
29.49%,
11/23/23
.
58
58
991105748.UG.FTS.B,
29.49%,
11/23/23
.
10
10
991106382.UG.FTS.B,
29.49%,
11/23/23
.
38
38
991107142.UG.FTS.B,
29.49%,
11/23/23
.
124
125
991108375.UG.FTS.B,
29.49%,
11/23/23
.
122
122
991108441.UG.FTS.B,
29.49%,
11/23/23
.
45
46
991110866.UG.FTS.B,
29.49%,
11/23/23
..
94
95
991111224.UG.FTS.B,
29.49%,
11/23/23
..
33
33
991114290.UG.FTS.B,
29.49%,
11/23/23
..
190
191
991116067.UG.FTS.B,
29.49%,
11/23/23
..
53
53
991116199.UG.FTS.B,
29.49%,
11/23/23
..
113
114
991122211.UG.FTS.B,
29.49%,
11/23/23
..
12
12
991122535.UG.FTS.B,
29.49%,
11/23/23
.
33
33
991123210.UG.FTS.B,
29.49%,
11/23/23
.
136
137
991125159.UG.FTS.B,
29.49%,
11/23/23
.
38
38
991125565.UG.FTS.B,
29.49%,
11/23/23
.
45
46
991129075.UG.FTS.B,
29.49%,
11/23/23
.
21
21
991130949.UG.FTS.B,
29.49%,
11/23/23
.
36
36
991133821.UG.FTS.B,
29.49%,
11/23/23
.
9
9
991136597.UG.FTS.B,
29.49%,
11/23/23
.
27
27
991138422.UG.FTS.B,
29.49%,
11/23/23
.
42
42
991148747.UG.FTS.B,
29.49%,
11/23/23
.
257
258
991158154.UG.FTS.B,
29.49%,
11/23/23
.
30
30
991161686.UG.FTS.B,
29.49%,
11/23/23
.
36
5
991167616.UG.FTS.B,
29.49%,
11/23/23
.
21
21
991168725.UG.FTS.B,
29.49%,
11/23/23
.
21
21
991185725.UG.FTS.B,
29.49%,
11/23/23
.
122
122
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991185856.UG.FTS.B,
29.49%,
11/23/23
.
$
28
$
28
991196579.UG.FTS.B,
29.49%,
11/23/23
.
529
532
991218537.UG.FTS.B,
29.49%,
11/23/23
.
126
127
991231083.UG.FTS.B,
29.49%,
11/23/23
.
45
3
991258669.UG.FTS.B,
29.49%,
11/23/23
.
59
59
991260078.UG.FTS.B,
29.49%,
11/23/23
.
32
32
991262693.UG.FTS.B,
29.49%,
11/23/23
.
85
85
991281491.UG.FTS.B,
29.49%,
11/23/23
.
21
21
991281569.UG.FTS.B,
29.49%,
11/23/23
.
104
104
991284842.UG.FTS.B,
29.49%,
11/23/23
.
34
34
991306864.UG.FTS.B,
29.49%,
11/23/23
.
75
12
991285654.UG.FTS.B,
18.47%,
11/24/23
.
96
96
991181842.UG.FTS.B,
18.71%,
11/24/23
.
38
38
991162322.UG.FTS.B,
19.3%,
11/24/23
..
34
34
991286624.UG.FTS.B,
19.3%,
11/24/23
..
58
58
991140485.UG.FTS.B,
20.47%,
11/24/23
.
153
153
991320410.UG.FTS.B,
20.96%,
11/24/23
.
6
6
991143058.UG.FTS.B,
22.47%,
11/24/23
.
246
245
991180826.UG.FTS.B,
22.47%,
11/24/23
.
140
140
991191793.UG.FTS.B,
25.45%,
11/24/23
.
51
51
991320036.UG.FTS.B,
26.44%,
11/24/23
.
195
195
991113363.UG.FTS.B,
28.48%,
11/24/23
..
–
–
991202260.UG.FTS.B,
28.48%,
11/24/23
.
6
6
991249491.UG.FTS.B,
28.48%,
11/24/23
.
17
17
991287114.UG.FTS.B,
28.48%,
11/24/23
.
13
13
991296637.UG.FTS.B,
28.48%,
11/24/23
.
40
40
991138467.UG.FTS.B,
29.48%,
11/24/23
.
34
35
991172445.UG.FTS.B,
29.48%,
11/24/23
.
26
26
991177274.UG.FTS.B,
29.48%,
11/24/23
.
110
110
991186088.UG.FTS.B,
29.48%,
11/24/23
.
14
14
991195206.UG.FTS.B,
29.48%,
11/24/23
.
209
210
991196155.UG.FTS.B,
29.48%,
11/24/23
.
49
50
991204785.UG.FTS.B,
29.48%,
11/24/23
.
10
10
991115610.UG.FTS.B,
29.49%,
11/24/23
..
20
20
991116051.UG.FTS.B,
29.49%,
11/24/23
..
105
7
991116817.UG.FTS.B,
29.49%,
11/24/23
..
141
142
991117468.UG.FTS.B,
29.49%,
11/24/23
..
23
23
991117471.UG.FTS.B,
29.49%,
11/24/23
..
31
31
991133413.UG.FTS.B,
29.49%,
11/24/23
.
53
53
991133732.UG.FTS.B,
29.49%,
11/24/23
.
176
176
991135114.UG.FTS.B,
29.49%,
11/24/23
..
33
6
991137389.UG.FTS.B,
29.49%,
11/24/23
.
15
15
991141579.UG.FTS.B,
29.49%,
11/24/23
.
276
277
991143856.UG.FTS.B,
29.49%,
11/24/23
.
1
1
991146714.UG.FTS.B,
29.49%,
11/24/23
.
35
35
991148469.UG.FTS.B,
29.49%,
11/24/23
.
219
219
991169281.UG.FTS.B,
29.49%,
11/24/23
.
37
37
991177125.UG.FTS.B,
29.49%,
11/24/23
.
166
29
991183431.UG.FTS.B,
29.49%,
11/24/23
.
106
106
991184949.UG.FTS.B,
29.49%,
11/24/23
.
21
21
991188756.UG.FTS.B,
29.49%,
11/24/23
.
30
30
991195763.UG.FTS.B,
29.49%,
11/24/23
.
–
–
991201528.UG.FTS.B,
29.49%,
11/24/23
.
97
97
991218882.UG.FTS.B,
29.49%,
11/24/23
.
20
20
991235150.UG.FTS.B,
29.49%,
11/24/23
.
54
54
991254158.UG.FTS.B,
29.49%,
11/24/23
.
38
38
991286399.UG.FTS.B,
29.49%,
11/24/23
.
55
56
991295722.UG.FTS.B,
29.49%,
11/24/23
.
28
29
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
218
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991301090.UG.FTS.B,
29.49%,
11/24/23
.
$
20
$
20
991304636.UG.FTS.B,
29.49%,
11/24/23
.
63
64
991320273.UG.FTS.B,
29.49%,
11/24/23
.
215
217
991124023.UG.FTS.B,
Zero
Cpn,
11/25/23
91
6
991299945.UG.FTS.B,
18.71%,
11/25/23
.
19
19
991236365.UG.FTS.B,
19.3%,
11/25/23
..
23
23
991117766.UG.FTS.B,
20.47%,
11/25/23
..
34
35
991136422.UG.FTS.B,
20.96%,
11/25/23
.
30
30
991143031.UG.FTS.B,
21.48%,
11/25/23
.
57
57
991162068.UG.FTS.B,
21.48%,
11/25/23
.
49
49
991215225.UG.FTS.B,
21.48%,
11/25/23
.
38
38
991307000.UG.FTS.B,
21.48%,
11/25/23
.
13
13
991136740.UG.FTS.B,
22.47%,
11/25/23
.
72
72
991254102.UG.FTS.B,
25.44%,
11/25/23
.
41
8
991132881.UG.FTS.B,
28.48%,
11/25/23
.
43
(1)
991302098.UG.FTS.B,
28.48%,
11/25/23
.
17
18
991117520.UG.FTS.B,
29.48%,
11/25/23
..
60
61
991170564.UG.FTS.B,
29.48%,
11/25/23
.
20
20
991263261.UG.FTS.B,
29.48%,
11/25/23
.
–
–
991117185.UG.FTS.B,
29.49%,
11/25/23
..
258
21
991125732.UG.FTS.B,
29.49%,
11/25/23
.
39
39
991126560.UG.FTS.B,
29.49%,
11/25/23
.
149
151
991138091.UG.FTS.B,
29.49%,
11/25/23
.
26
27
991181990.UG.FTS.B,
29.49%,
11/25/23
.
16
16
991200425.UG.FTS.B,
29.49%,
11/25/23
.
–
–
991203943.UG.FTS.B,
29.49%,
11/25/23
.
30
30
991214609.UG.FTS.B,
29.49%,
11/25/23
.
59
59
991215471.UG.FTS.B,
29.49%,
11/25/23
.
15
15
991241831.UG.FTS.B,
29.49%,
11/25/23
.
13
13
991259619.UG.FTS.B,
29.49%,
11/25/23
.
41
41
991266282.UG.FTS.B,
29.49%,
11/25/23
.
42
3
991297846.UG.FTS.B,
29.49%,
11/25/23
.
77
77
991309325.UG.FTS.B,
29.49%,
11/25/23
.
41
41
991322618.UG.FTS.B,
29.49%,
11/25/23
.
21
21
991309602.UG.FTS.B,
17.49%,
11/26/23
.
34
34
991221375.UG.FTS.B,
18.47%,
11/26/23
.
35
35
991137070.UG.FTS.B,
18.71%,
11/26/23
.
122
121
991164225.UG.FTS.B,
18.71%,
11/26/23
.
36
35
991173523.UG.FTS.B,
18.71%,
11/26/23
.
17
17
991178470.UG.FTS.B,
18.71%,
11/26/23
.
11
11
991265843.UG.FTS.B,
18.71%,
11/26/23
.
60
60
991215843.UG.FTS.B,
20.47%,
11/26/23
.
97
97
991240446.UG.FTS.B,
20.47%,
11/26/23
.
195
195
991138527.UG.FTS.B,
20.96%,
11/26/23
.
28
28
991214906.UG.FTS.B,
20.96%,
11/26/23
.
79
79
991199452.UG.FTS.B,
21.48%,
11/26/23
.
57
57
991185688.UG.FTS.B,
22.47%,
11/26/23
.
42
42
991304818.UG.FTS.B,
22.47%,
11/26/23
.
97
96
991166149.UG.FTS.B,
23.45%,
11/26/23
.
56
56
991142815.UG.FTS.B,
25.44%,
11/26/23
.
35
35
991323681.UG.FTS.B,
25.44%,
11/26/23
.
20
20
991129050.UG.FTS.B,
29.48%,
11/26/23
.
563
569
991142726.UG.FTS.B,
29.48%,
11/26/23
.
49
49
991130256.UG.FTS.B,
29.49%,
11/26/23
.
32
33
991136553.UG.FTS.B,
16.49%,
11/27/23
.
140
140
991253352.UG.FTS.B,
18.71%,
11/27/23
.
46
46
991265318.UG.FTS.B,
18.71%,
11/27/23
.
40
40
991135954.UG.FTS.B,
19.3%,
11/27/23
..
52
52
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991145476.UG.FTS.B,
19.3%,
11/27/23
..
$
15
$
15
991321995.UG.FTS.B,
19.3%,
11/27/23
..
46
46
991215161.UG.FTS.B,
19.96%,
11/27/23
.
428
428
991132191.UG.FTS.B,
20.47%,
11/27/23
.
29
29
991133609.UG.FTS.B,
20.96%,
11/27/23
.
128
127
991189297.UG.FTS.B,
20.96%,
11/27/23
.
79
79
991268297.UG.FTS.B,
20.96%,
11/27/23
.
23
23
991131638.UG.FTS.B,
21.48%,
11/27/23
.
108
42
991242233.UG.FTS.B,
21.48%,
11/27/23
.
26
26
991140958.UG.FTS.B,
22.47%,
11/27/23
.
67
67
991141640.UG.FTS.B,
23.45%,
11/27/23
.
291
291
991144384.UG.FTS.B,
28.48%,
11/27/23
.
10
10
991144463.UG.FTS.B,
28.48%,
11/27/23
.
34
34
991147020.UG.FTS.B,
28.48%,
11/27/23
.
33
33
991150233.UG.FTS.B,
28.48%,
11/27/23
.
19
19
991152423.UG.FTS.B,
28.48%,
11/27/23
.
84
85
991156326.UG.FTS.B,
28.48%,
11/27/23
.
58
58
991157290.UG.FTS.B,
28.48%,
11/27/23
.
25
25
991139326.UG.FTS.B,
29.49%,
11/27/23
.
23
23
991139435.UG.FTS.B,
29.49%,
11/27/23
.
223
224
991144902.UG.FTS.B,
29.49%,
11/27/23
.
62
62
991146276.UG.FTS.B,
29.49%,
11/27/23
.
28
28
991150932.UG.FTS.B,
29.49%,
11/27/23
.
114
115
991151871.UG.FTS.B,
29.49%,
11/27/23
.
51
51
991155637.UG.FTS.B,
29.49%,
11/27/23
.
205
208
991142853.UG.FTS.B,
Zero
Cpn,
11/28/23
43
3
991197118.UG.FTS.B,
16.49%,
11/28/23
..
134
133
991246436.UG.FTS.B,
16.49%,
11/28/23
.
45
45
991145279.UG.FTS.B,
17.49%,
11/28/23
.
31
31
991251734.UG.FTS.B,
17.71%,
11/28/23
.
21
21
991143133.UG.FTS.B,
18.47%,
11/28/23
.
67
67
991234089.UG.FTS.B,
26.44%,
11/28/23
.
35
35
991150733.UG.FTS.B,
28.48%,
11/28/23
.
30
30
991180513.UG.FTS.B,
28.48%,
11/28/23
.
63
63
991143405.UG.FTS.B,
29.49%,
11/28/23
.
75
76
991143564.UG.FTS.B,
29.49%,
11/28/23
.
99
100
991151596.UG.FTS.B,
29.49%,
11/28/23
.
32
32
991155818.UG.FTS.B,
29.49%,
11/28/23
.
32
32
991162373.UG.FTS.B,
29.49%,
11/28/23
.
40
37
991264092.UG.FTS.B,
Zero
Cpn,
11/29/23
110
8
991189469.UG.FTS.B,
18.47%,
11/29/23
.
25
25
991154443.UG.FTS.B,
19.3%,
11/29/23
..
53
53
991225584.UG.FTS.B,
19.3%,
11/29/23
..
29
29
991181147.UG.FTS.B,
19.96%,
11/29/23
..
80
80
991150475.UG.FTS.B,
20.96%,
11/29/23
.
122
121
991270604.UG.FTS.B,
21.47%,
11/29/23
.
62
62
991164880.UG.FTS.B,
21.48%,
11/29/23
.
57
57
991178891.UG.FTS.B,
22.47%,
11/29/23
.
66
66
991182787.UG.FTS.B,
22.47%,
11/29/23
.
18
18
991217581.UG.FTS.B,
22.47%,
11/29/23
.
92
92
991151398.UG.FTS.B,
28.48%,
11/29/23
.
38
38
991198051.UG.FTS.B,
29.48%,
11/29/23
.
17
17
991150593.UG.FTS.B,
29.49%,
11/29/23
.
115
116
991150632.UG.FTS.B,
29.49%,
11/29/23
.
90
6
991153221.UG.FTS.B,
29.49%,
11/29/23
.
138
139
991153761.UG.FTS.B,
29.49%,
11/29/23
.
28
28
991154304.UG.FTS.B,
29.49%,
11/29/23
.
50
50
991154754.UG.FTS.B,
29.49%,
11/29/23
.
184
185
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
219
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991155239.UG.FTS.B,
29.49%,
11/29/23
.
$
38
$
39
991157467.UG.FTS.B,
29.49%,
11/29/23
.
43
43
991158478.UG.FTS.B,
29.49%,
11/29/23
.
159
145
991164288.UG.FTS.B,
29.49%,
11/29/23
.
176
28
991199483.UG.FTS.B,
29.49%,
11/29/23
.
45
46
991219555.UG.FTS.B,
29.49%,
11/29/23
.
69
70
991222123.UG.FTS.B,
29.49%,
11/29/23
.
41
3
991242992.UG.FTS.B,
29.49%,
11/29/23
.
173
174
991279680.UG.FTS.B,
29.49%,
11/29/23
.
30
30
991160322.UG.FTS.B,
Zero
Cpn,
11/30/23
207
14
991366927.UG.FTS.B,
18.71%,
11/30/23
.
29
29
991227513.UG.FTS.B,
19.96%,
11/30/23
.
19
19
991173726.UG.FTS.B,
21.48%,
11/30/23
.
77
77
991242328.UG.FTS.B,
22.47%,
11/30/23
.
5
5
991160092.UG.FTS.B,
27.99%,
11/30/23
.
55
55
991233145.UG.FTS.B,
28.48%,
11/30/23
.
20
20
991241624.UG.FTS.B,
28.48%,
11/30/23
.
32
32
991363577.UG.FTS.B,
28.48%,
11/30/23
.
19
20
991218132.UG.FTS.B,
29.48%,
11/30/23
.
96
97
991240768.UG.FTS.B,
29.48%,
11/30/23
.
67
67
991248660.UG.FTS.B,
29.48%,
11/30/23
.
46
46
991156903.UG.FTS.B,
29.49%,
11/30/23
.
43
43
991161705.UG.FTS.B,
29.49%,
11/30/23
.
15
15
991161838.UG.FTS.B,
29.49%,
11/30/23
.
161
27
991164648.UG.FTS.B,
29.49%,
11/30/23
.
126
128
991165430.UG.FTS.B,
29.49%,
11/30/23
.
28
28
991172679.UG.FTS.B,
29.49%,
11/30/23
.
17
18
991172716.UG.FTS.B,
29.49%,
11/30/23
.
385
32
991204123.UG.FTS.B,
29.49%,
11/30/23
.
70
71
991205139.UG.FTS.B,
29.49%,
11/30/23
.
44
44
991211212.UG.FTS.B,
29.49%,
11/30/23
.
96
96
991234914.UG.FTS.B,
29.49%,
11/30/23
.
47
47
991249622.UG.FTS.B,
29.49%,
11/30/23
.
95
95
991267430.UG.FTS.B,
29.49%,
11/30/23
.
105
106
991276197.UG.FTS.B,
29.49%,
11/30/23
.
210
212
991276598.UG.FTS.B,
29.49%,
11/30/23
.
77
77
991326713.UG.FTS.B,
29.49%,
11/30/23
.
14
–
991368165.UG.FTS.B,
29.49%,
11/30/23
.
28
29
991164195.UG.FTS.B,
Zero
Cpn,
12/01/23
215
15
991160707.UG.FTS.B,
19.96%,
12/01/23
.
33
33
991178587.UG.FTS.B,
19.96%,
12/01/23
.
192
192
991345452.UG.FTS.B,
20.96%,
12/01/23
.
216
217
991167629.UG.FTS.B,
21.47%,
12/01/23
.
237
237
991374505.UG.FTS.B,
21.48%,
12/01/23
.
120
21
991161574.UG.FTS.B,
26.44%,
12/01/23
.
58
58
991163198.UG.FTS.B,
27.99%,
12/01/23
.
11
11
991170121.UG.FTS.B,
28.48%,
12/01/23
.
216
218
991204954.UG.FTS.B,
28.48%,
12/01/23
.
48
48
991213506.UG.FTS.B,
28.48%,
12/01/23
.
34
34
991250166.UG.FTS.B,
28.48%,
12/01/23
.
26
26
991255142.UG.FTS.B,
28.48%,
12/01/23
.
89
90
991265844.UG.FTS.B,
28.48%,
12/01/23
.
120
120
991286291.UG.FTS.B,
28.48%,
12/01/23
.
326
329
991341146.UG.FTS.B,
28.48%,
12/01/23
.
64
65
991357833.UG.FTS.B,
28.48%,
12/01/23
.
1
1
991362835.UG.FTS.B,
28.48%,
12/01/23
.
12
12
991165433.UG.FTS.B,
29.48%,
12/01/23
.
36
36
991182975.UG.FTS.B,
29.48%,
12/01/23
.
26
26
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991229267.UG.FTS.B,
29.48%,
12/01/23
.
$
22
$
22
991307878.UG.FTS.B,
29.48%,
12/01/23
.
293
294
991381282.UG.FTS.B,
29.48%,
12/01/23
.
36
36
991162427.UG.FTS.B,
29.49%,
12/01/23
.
9
9
991163277.UG.FTS.B,
29.49%,
12/01/23
.
72
72
991165167.UG.FTS.B,
29.49%,
12/01/23
.
93
94
991165739.UG.FTS.B,
29.49%,
12/01/23
.
25
25
991168018.UG.FTS.B,
29.49%,
12/01/23
.
317
321
991169496.UG.FTS.B,
29.49%,
12/01/23
.
213
215
991173753.UG.FTS.B,
29.49%,
12/01/23
.
361
365
991180464.UG.FTS.B,
29.49%,
12/01/23
.
7
7
991182685.UG.FTS.B,
29.49%,
12/01/23
.
30
30
991188542.UG.FTS.B,
29.49%,
12/01/23
.
65
65
991195579.UG.FTS.B,
29.49%,
12/01/23
.
8
8
991204590.UG.FTS.B,
29.49%,
12/01/23
.
83
84
991208387.UG.FTS.B,
29.49%,
12/01/23
.
21
21
991208461.UG.FTS.B,
29.49%,
12/01/23
.
23
24
991208712.UG.FTS.B,
29.49%,
12/01/23
.
38
38
991209332.UG.FTS.B,
29.49%,
12/01/23
.
174
176
991215380.UG.FTS.B,
29.49%,
12/01/23
.
38
38
991228271.UG.FTS.B,
29.49%,
12/01/23
.
41
41
991229003.UG.FTS.B,
29.49%,
12/01/23
.
72
14
991230761.UG.FTS.B,
29.49%,
12/01/23
.
116
117
991231997.UG.FTS.B,
29.49%,
12/01/23
.
5
5
991243647.UG.FTS.B,
29.49%,
12/01/23
.
35
35
991278388.UG.FTS.B,
29.49%,
12/01/23
.
41
8
991286912.UG.FTS.B,
29.49%,
12/01/23
.
–
–
991321382.UG.FTS.B,
29.49%,
12/01/23
.
63
63
991338569.UG.FTS.B,
29.49%,
12/01/23
.
19
20
991339375.UG.FTS.B,
29.49%,
12/01/23
.
26
26
991362043.UG.FTS.B,
29.49%,
12/01/23
.
66
67
991378439.UG.FTS.B,
29.49%,
12/01/23
.
40
41
991379124.UG.FTS.B,
29.49%,
12/01/23
.
–
–
991349149.UG.FTS.B,
19.96%,
12/02/23
.
71
71
991345661.UG.FTS.B,
28.48%,
12/02/23
.
96
98
991331755.UG.FTS.B,
29.48%,
12/02/23
.
48
49
991332114.UG.FTS.B,
29.48%,
12/02/23
.
78
79
991346704.UG.FTS.B,
29.48%,
12/02/23
.
52
53
991382180.UG.FTS.B,
29.48%,
12/02/23
.
260
264
991340317.UG.FTS.B,
29.49%,
12/02/23
.
21
21
991346464.UG.FTS.B,
29.49%,
12/02/23
.
527
534
991354806.UG.FTS.B,
29.49%,
12/02/23
.
8
8
991355498.UG.FTS.B,
29.49%,
12/02/23
.
20
3
991361331.UG.FTS.B,
29.49%,
12/02/23
.
298
301
991365395.UG.FTS.B,
29.49%,
12/02/23
.
36
36
991187931.UG.FTS.B,
20.47%,
12/05/23
.
11
10
991190340.UG.FTS.B,
28.48%,
12/05/23
.
91
91
991192015.UG.FTS.B,
16.49%,
12/06/23
.
249
250
991227727.UG.FTS.B,
19.96%,
12/06/23
.
293
293
991203822.UG.FTS.B,
21.48%,
12/06/23
.
68
67
991252347.UG.FTS.B,
29.48%,
12/06/23
.
–
–
991191306.UG.FTS.B,
29.49%,
12/06/23
.
225
224
991357112.UG.FTS.B,
29.49%,
12/06/23
.
38
38
991198134.UG.FTS.B,
19.96%,
12/07/23
.
98
97
991432095.UG.FTS.B,
21.48%,
12/07/23
.
51
50
991304075.UG.FTS.B,
28.48%,
12/07/23
.
188
189
991407213.UG.FTS.B,
28.48%,
12/07/23
.
25
24
991197990.UG.FTS.B,
29.49%,
12/07/23
.
112
111
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
220
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991198002.UG.FTS.B,
29.49%,
12/07/23
.
$
21
$
21
991203586.UG.FTS.B,
29.49%,
12/07/23
.
51
51
991204768.UG.FTS.B,
29.49%,
12/07/23
.
38
38
991206861.UG.FTS.B,
29.49%,
12/07/23
.
105
104
991226251.UG.FTS.B,
29.49%,
12/07/23
.
275
41
991206088.UG.FTS.B,
16.49%,
12/08/23
.
186
187
991250612.UG.FTS.B,
17.49%,
12/08/23
.
58
58
991291945.UG.FTS.B,
17.49%,
12/08/23
.
256
97
991207942.UG.FTS.B,
18.47%,
12/08/23
.
127
127
991337098.UG.FTS.B,
19.3%,
12/08/23
..
147
146
991359463.UG.FTS.B,
19.96%,
12/08/23
.
127
127
991249740.UG.FTS.B,
20.47%,
12/08/23
.
51
7
991420233.UG.FTS.B,
22.47%,
12/08/23
.
15
15
991448491.UG.FTS.B,
23.45%,
12/08/23
.
99
98
991218065.UG.FTS.B,
25.45%,
12/08/23
.
435
433
991214878.UG.FTS.B,
28.48%,
12/08/23
.
130
131
991276602.UG.FTS.B,
28.48%,
12/08/23
.
198
200
991282274.UG.FTS.B,
28.48%,
12/08/23
.
81
81
991321964.UG.FTS.B,
28.48%,
12/08/23
.
91
91
991342766.UG.FTS.B,
28.48%,
12/08/23
.
16
16
991348273.UG.FTS.B,
28.48%,
12/08/23
.
228
231
991211631.UG.FTS.B,
29.46%,
12/08/23
.
74
75
991212750.UG.FTS.B,
29.46%,
12/08/23
.
109
(5)
991215376.UG.FTS.B,
29.47%,
12/08/23
.
315
316
991217829.UG.FTS.B,
29.47%,
12/08/23
.
43
43
991218164.UG.FTS.B,
29.47%,
12/08/23
.
716
109
991207166.UG.FTS.B,
29.48%,
12/08/23
.
75
76
991211029.UG.FTS.B,
29.48%,
12/08/23
.
493
160
991278845.UG.FTS.B,
29.48%,
12/08/23
.
45
45
991320725.UG.FTS.B,
29.48%,
12/08/23
.
36
37
991209755.UG.FTS.B,
29.49%,
12/08/23
.
113
113
991214817.UG.FTS.B,
29.49%,
12/08/23
.
97
97
991214975.UG.FTS.B,
29.49%,
12/08/23
.
131
133
991216594.UG.FTS.B,
29.49%,
12/08/23
.
203
205
991217790.UG.FTS.B,
29.49%,
12/08/23
.
463
(11)
991225432.UG.FTS.B,
29.49%,
12/08/23
.
347
24
991272424.UG.FTS.B,
29.49%,
12/08/23
.
105
106
991280676.UG.FTS.B,
29.49%,
12/08/23
.
65
–
991289146.UG.FTS.B,
29.49%,
12/08/23
.
69
10
991300678.UG.FTS.B,
29.49%,
12/08/23
.
28
28
991349755.UG.FTS.B,
29.49%,
12/08/23
.
27
24
991359124.UG.FTS.B,
20.47%,
12/09/23
.
113
112
991354238.UG.FTS.B,
20.96%,
12/09/23
.
189
187
991393014.UG.FTS.B,
28.48%,
12/09/23
.
50
50
991434948.UG.FTS.B,
28.48%,
12/09/23
.
28
28
991364368.UG.FTS.B,
29.49%,
12/09/23
.
140
140
991367687.UG.FTS.B,
29.49%,
12/09/23
.
117
47
991408941.UG.FTS.B,
29.49%,
12/09/23
.
38
38
991448905.UG.FTS.B,
29.49%,
12/09/23
.
306
125
991310750.UG.FTS.B,
Zero
Cpn,
12/10/23
65
4
991301880.UG.FTS.B,
16.49%,
12/10/23
.
60
60
991357402.UG.FTS.B,
22.47%,
12/10/23
.
52
52
991234278.UG.FTS.B,
26.44%,
12/10/23
.
411
411
991318209.UG.FTS.B,
27.99%,
12/10/23
.
48
48
991324549.UG.FTS.B,
29.48%,
12/10/23
.
20
20
991302449.UG.FTS.B,
29.49%,
12/10/23
.
126
126
991305756.UG.FTS.B,
29.49%,
12/10/23
.
8
8
991324857.UG.FTS.B,
29.49%,
12/10/23
.
69
69
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991326232.UG.FTS.B,
29.49%,
12/10/23
.
$
68
$
68
991342513.UG.FTS.B,
29.49%,
12/10/23
.
272
272
991368001.UG.FTS.B,
29.49%,
12/10/23
.
107
107
991402670.UG.FTS.B,
29.49%,
12/10/23
.
70
70
991418451.UG.FTS.B,
29.49%,
12/10/23
.
21
21
991431724.UG.FTS.B,
29.49%,
12/10/23
.
24
24
991448540.UG.FTS.B,
15.47%,
12/11/23
.
210
209
991357205.UG.FTS.B,
28.48%,
12/11/23
.
–
–
991316785.UG.FTS.B,
29.49%,
12/11/23
.
36
36
991338974.UG.FTS.B,
29.49%,
12/11/23
.
70
70
991361596.UG.FTS.B,
29.49%,
12/11/23
.
215
214
991373643.UG.FTS.B,
29.49%,
12/11/23
.
43
43
991399394.UG.FTS.B,
29.49%,
12/11/23
.
32
32
991400100.UG.FTS.B,
29.49%,
12/11/23
.
26
26
991353250.UG.FTS.B,
18.71%,
12/12/23
.
107
106
991364577.UG.FTS.B,
19.3%,
12/12/23
..
43
42
991327492.UG.FTS.B,
25.44%,
12/12/23
.
175
173
991331674.UG.FTS.B,
29.48%,
12/12/23
.
82
82
991304451.UG.FTS.B,
29.49%,
12/12/23
.
–
–
991317469.UG.FTS.B,
29.49%,
12/12/23
.
60
61
991356769.UG.FTS.B,
29.49%,
12/12/23
.
87
87
991424465.UG.FTS.B,
29.49%,
12/12/23
.
332
332
991432271.UG.FTS.B,
29.49%,
12/12/23
.
21
20
991438897.UG.FTS.B,
17.47%,
12/13/23
.
26
26
991287740.UG.FTS.B,
17.49%,
12/13/23
.
84
84
991284086.UG.FTS.B,
18.71%,
12/13/23
.
87
87
991398313.UG.FTS.B,
19.3%,
12/13/23
..
50
49
991408874.UG.FTS.B,
20.47%,
12/13/23
.
26
11
991309000.UG.FTS.B,
20.96%,
12/13/23
.
27
26
991332222.UG.FTS.B,
21.48%,
12/13/23
.
76
11
991333894.UG.FTS.B,
28.48%,
12/13/23
.
72
72
991336028.UG.FTS.B,
29.48%,
12/13/23
.
25
25
991335642.UG.FTS.B,
29.49%,
12/13/23
.
51
51
991336926.UG.FTS.B,
29.49%,
12/13/23
.
44
45
991361169.UG.FTS.B,
29.49%,
12/13/23
.
219
220
991428519.UG.FTS.B,
29.49%,
12/13/23
.
43
43
991431781.UG.FTS.B,
29.49%,
12/13/23
.
7
7
991255753.UG.FTS.B,
14.47%,
12/15/23
.
45
45
991331167.UG.FTS.B,
16.49%,
12/15/23
.
358
359
991265681.UG.FTS.B,
18.71%,
12/15/23
.
34
35
991387743.UG.FTS.B,
18.71%,
12/15/23
.
363
128
991268786.UG.FTS.B,
19.3%,
12/15/23
..
35
35
991399812.UG.FTS.B,
19.3%,
12/15/23
..
482
484
991265527.UG.FTS.B,
20.47%,
12/15/23
.
57
57
991270303.UG.FTS.B,
20.47%,
12/15/23
.
–
–
991288025.UG.FTS.B,
20.96%,
12/15/23
.
25
25
991364787.UG.FTS.B,
22.45%,
12/15/23
.
114
114
991448152.UG.FTS.B,
22.45%,
12/15/23
.
62
62
991260304.UG.FTS.B,
22.47%,
12/15/23
.
33
33
991390117.UG.FTS.B,
15.47%,
12/16/23
.
117
117
991264118.UG.FTS.B,
16.49%,
12/16/23
.
146
145
991265066.UG.FTS.B,
17.49%,
12/16/23
.
56
55
991459556.UG.FTS.B,
17.49%,
12/16/23
.
28
28
991376799.UG.FTS.B,
19.3%,
12/16/23
..
331
328
991343699.UG.FTS.B,
20.96%,
12/16/23
.
140
139
991407871.UG.FTS.B,
16.49%,
12/17/23
.
71
71
991334320.UG.FTS.B,
18.71%,
12/17/23
.
44
43
991334732.UG.FTS.B,
18.71%,
12/17/23
.
120
119
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
221
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991331047.UG.FTS.B,
19.96%,
12/17/23
.
$
29
$
29
991320917.UG.FTS.B,
21.48%,
12/17/23
.
396
393
991285666.UG.FTS.B,
29.49%,
12/17/23
.
15
15
991470545.UG.FTS.B,
Zero
Cpn,
12/18/23
–
–
991407328.UG.FTS.B,
15%,
12/18/23
....
36
36
991088718.UG.FTS.B,
18.47%,
12/18/23
.
89
79
991354731.UG.FTS.B,
18.71%,
12/18/23
.
41
41
991309417.UG.FTS.B,
20.47%,
12/18/23
.
253
87
991298110.UG.FTS.B,
21.48%,
12/18/23
.
5
1
991429423.UG.FTS.B,
17.47%,
12/19/23
.
40
40
991317582.UG.FTS.B,
17.49%,
12/19/23
.
75
74
991467590.UG.FTS.B,
17.49%,
12/19/23
.
23
23
991308110.UG.FTS.B,
18.47%,
12/19/23
.
29
29
991287925.UG.FTS.B,
19.3%,
12/19/23
..
89
88
991511200.UG.FTS.B,
19.3%,
12/19/23
..
42
41
991523578.UG.FTS.B,
20.47%,
12/19/23
.
28
28
991433616.UG.FTS.B,
20.96%,
12/19/23
.
26
26
991414126.UG.FTS.B,
21.48%,
12/19/23
.
169
168
991367322.UG.FTS.B,
22.47%,
12/19/23
.
46
46
991306283.UG.FTS.B,
26.44%,
12/19/23
.
28
28
991307475.UG.FTS.B,
Zero
Cpn,
12/20/23
580
40
991325118.UG.FTS.B,
16.49%,
12/20/23
.
86
86
991295957.UG.FTS.B,
17.49%,
12/20/23
.
44
44
991358233.UG.FTS.B,
17.49%,
12/20/23
.
239
238
991432644.UG.FTS.B,
17.49%,
12/20/23
.
43
43
991366147.UG.FTS.B,
18.47%,
12/20/23
.
35
35
991496764.UG.FTS.B,
18.47%,
12/20/23
.
238
236
991363259.UG.FTS.B,
19.3%,
12/20/23
..
37
37
991373067.UG.FTS.B,
19.3%,
12/20/23
..
114
113
991523610.UG.FTS.B,
19.96%,
12/20/23
.
121
120
991427426.UG.FTS.B,
20.47%,
12/20/23
.
718
713
991494550.UG.FTS.B,
21.48%,
12/20/23
.
46
46
991315452.UG.FTS.B,
22.47%,
12/20/23
.
124
123
991329280.UG.FTS.B,
22.47%,
12/20/23
.
45
45
991448015.UG.FTS.B,
19.96%,
12/21/23
.
227
225
991505059.UG.FTS.B,
21.48%,
12/21/23
.
37
36
991064824.UG.FTS.B,
Zero
Cpn,
1/15/24
.
21
1
991162513.UG.FTS.B,
28.48%,
1/23/24
..
52
48
991286242.UG.FTS.B,
Zero
Cpn,
2/05/24
.
1
–
991024808.UG.FTS.B,
29.49%,
2/08/24
..
40
36
991074883.UG.FTS.B,
29.48%,
2/09/24
..
391
348
991070551.UG.FTS.B,
29.49%,
2/09/24
..
538
473
991072454.UG.FTS.B,
29.49%,
2/09/24
..
65
24
991046688.UG.FTS.B,
18.71%,
2/11/24
..
86
76
991078707.UG.FTS.B,
23.45%,
2/13/24
..
56
48
991057953.UG.FTS.B,
25.45%,
2/13/24
..
160
139
991154165.UG.FTS.B,
29.49%,
2/16/24
..
20
18
991130453.UG.FTS.B,
29.49%,
2/17/24
..
60
60
991200208.UG.FTS.B,
28.48%,
2/18/24
..
27
25
991099712.UG.FTS.B,
29.49%,
2/19/24
..
209
175
991190202.UG.FTS.B,
29.49%,
2/19/24
..
30
27
991163098.UG.FTS.B,
29.49%,
2/20/24
..
78
7
991127249.UG.FTS.B,
29.48%,
2/23/24
..
338
298
991117874.UG.FTS.B,
29.49%,
2/23/24
..
35
31
991155085.UG.FTS.B,
21.48%,
2/27/24
..
36
35
991218571.UG.FTS.B,
27.95%,
3/05/24
..
365
322
991123520.UG.FTS.B,
29.49%,
3/17/24
..
32
27
991118095.UG.FTS.B,
29.49%,
3/19/24
..
113
99
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991107592.UG.FTS.B,
29.49%,
3/20/24
..
$
121
$
123
991217199.UG.FTS.B,
29.49%,
3/21/24
..
40
35
991149857.UG.FTS.B,
29.49%,
3/23/24
..
169
14
991126748.UG.FTS.B,
29.49%,
4/09/24
..
43
44
991301519.UG.FTS.B,
17.49%,
4/10/24
..
174
144
991353794.UG.FTS.B,
19.3%,
5/07/24
...
64
(1)
991052158.UG.FTS.B,
29.49%,
5/09/24
..
44
37
991232706.UG.FTS.B,
21.98%,
5/13/24
..
41
34
991102218.UG.FTS.B,
21.48%,
5/20/24
..
58
48
991159392.UG.FTS.B,
29.49%,
5/26/24
..
44
3
991149901.UG.FTS.B,
29.48%,
5/27/24
..
44
44
991167434.UG.FTS.B,
29.48%,
5/29/24
..
183
185
991214313.UG.FTS.B,
22.45%,
6/11/24
..
124
101
991060229.UG.FTS.B,
Zero
Cpn,
6/14/24
.
120
8
991216986.UG.FTS.B,
Zero
Cpn,
6/17/24
.
103
7
991115770.UG.FTS.B,
19.8%,
6/17/24
...
54
54
991234615.UG.FTS.B,
28.98%,
6/19/24
..
43
36
991106568.UG.FTS.B,
29.49%,
6/20/24
..
226
187
991067743.UG.FTS.B,
28.48%,
7/15/24
..
100
14
991132595.UG.FTS.B,
21.48%,
7/25/24
..
83
66
991159214.UG.FTS.B,
29.49%,
7/26/24
..
44
45
991128392.UG.FTS.B,
Zero
Cpn,
8/17/24
.
61
4
991235776.UG.FTS.B,
28.98%,
9/20/24
..
71
(5)
991145452.UG.FTS.B,
29.49%,
9/25/24
..
55
43
991216248.UG.FTS.B,
19.3%,
9/26/24
...
114
88
990928675.UG.FTS.B,
29.49%,
10/19/24
.
64
64
991042512.UG.FTS.B,
28.98%,
10/21/24
.
169
171
991255614.UG.FTS.B,
29.49%,
10/21/24
.
57
59
991072394.UG.FTS.B,
29.49%,
10/22/24
.
131
4
991154983.UG.FTS.B,
21.48%,
10/26/24
.
93
69
991022040.UG.FTS.B,
29.49%,
11/07/24
.
121
(3)
991029860.UG.FTS.B,
16.99%,
11/08/24
.
744
742
991020888.UG.FTS.B,
19.8%,
11/08/24
..
1,077
1,065
991132194.UG.FTS.B,
19.8%,
11/08/24
..
312
307
991010233.UG.FTS.B,
19.99%,
11/08/24
.
165
165
991025022.UG.FTS.B,
20.46%,
11/08/24
.
161
161
991043299.UG.FTS.B,
20.46%,
11/08/24
.
432
433
991015397.UG.FTS.B,
21.46%,
11/08/24
.
118
118
991089275.UG.FTS.B,
21.98%,
11/08/24
.
77
76
991008862.UG.FTS.B,
22.97%,
11/08/24
.
519
520
991015679.UG.FTS.B,
27.99%,
11/08/24
.
816
835
991015963.UG.FTS.B,
28.98%,
11/08/24
.
1,021
1,036
991020061.UG.FTS.B,
28.98%,
11/08/24
.
264
268
991021690.UG.FTS.B,
28.98%,
11/08/24
.
11
10
991043973.UG.FTS.B,
28.98%,
11/08/24
.
–
–
991049421.UG.FTS.B,
28.98%,
11/08/24
.
56
57
991062658.UG.FTS.B,
28.98%,
11/08/24
.
330
336
991089676.UG.FTS.B,
28.98%,
11/08/24
.
1,218
1,227
991122476.UG.FTS.B,
28.98%,
11/08/24
.
182
30
991188631.UG.FTS.B,
28.98%,
11/08/24
.
181
183
991014634.UG.FTS.B,
29.48%,
11/08/24
.
808
(6)
991009200.UG.FTS.B,
29.49%,
11/08/24
.
194
199
991009218.UG.FTS.B,
29.49%,
11/08/24
.
105
105
991009403.UG.FTS.B,
29.49%,
11/08/24
.
463
464
991009730.UG.FTS.B,
29.49%,
11/08/24
.
73
72
991011019.UG.FTS.B,
29.49%,
11/08/24
.
68
70
991011039.UG.FTS.B,
29.49%,
11/08/24
.
658
676
991016135.UG.FTS.B,
29.49%,
11/08/24
.
420
423
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
222
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991016360.UG.FTS.B,
29.49%,
11/08/24
.
$
255
$
263
991018167.UG.FTS.B,
29.49%,
11/08/24
.
230
236
991019441.UG.FTS.B,
29.49%,
11/08/24
.
116
6
991026129.UG.FTS.B,
29.49%,
11/08/24
.
461
334
991032542.UG.FTS.B,
29.49%,
11/08/24
.
1,056
1,081
991033519.UG.FTS.B,
29.49%,
11/08/24
.
141
8
991051891.UG.FTS.B,
29.49%,
11/08/24
.
395
402
991065536.UG.FTS.B,
29.49%,
11/08/24
.
93
94
991067396.UG.FTS.B,
29.49%,
11/08/24
.
117
115
991089599.UG.FTS.B,
29.49%,
11/08/24
.
1,177
1,190
991156301.UG.FTS.B,
29.49%,
11/08/24
.
172
173
991174773.UG.FTS.B,
29.49%,
11/08/24
.
89
90
991200927.UG.FTS.B,
29.49%,
11/08/24
.
181
184
991208389.UG.FTS.B,
29.49%,
11/08/24
.
–
–
991053848.UG.FTS.B,
Zero
Cpn,
11/09/24
298
20
991039862.UG.FTS.B,
14.98%,
11/09/24
.
682
684
991032070.UG.FTS.B,
16.99%,
11/09/24
.
190
193
991037178.UG.FTS.B,
16.99%,
11/09/24
.
379
387
991107359.UG.FTS.B,
17.99%,
11/09/24
.
258
259
991043681.UG.FTS.B,
19.21%,
11/09/24
.
947
959
991104757.UG.FTS.B,
19.21%,
11/09/24
.
211
211
991017861.UG.FTS.B,
19.8%,
11/09/24
..
77
79
991213119.UG.FTS.B,
19.99%,
11/09/24
.
81
84
991064904.UG.FTS.B,
20.97%,
11/09/24
.
970
127
991217068.UG.FTS.B,
21.46%,
11/09/24
.
341
41
991036234.UG.FTS.B,
21.98%,
11/09/24
.
280
280
991214327.UG.FTS.B,
21.98%,
11/09/24
.
151
154
991015386.UG.FTS.B,
22.97%,
11/09/24
.
500
496
991207204.UG.FTS.B,
27.99%,
11/09/24
.
63
64
991014627.UG.FTS.B,
28.98%,
11/09/24
.
298
309
991021150.UG.FTS.B,
28.98%,
11/09/24
.
197
205
991024150.UG.FTS.B,
28.98%,
11/09/24
.
375
382
991024317.UG.FTS.B,
28.98%,
11/09/24
.
223
226
991024437.UG.FTS.B,
28.98%,
11/09/24
.
412
430
991036639.UG.FTS.B,
28.98%,
11/09/24
.
308
312
991048693.UG.FTS.B,
28.98%,
11/09/24
.
509
33
991050918.UG.FTS.B,
28.98%,
11/09/24
.
442
460
991066590.UG.FTS.B,
28.98%,
11/09/24
.
354
362
991067435.UG.FTS.B,
28.98%,
11/09/24
.
389
25
991070859.UG.FTS.B,
28.98%,
11/09/24
.
71
71
991109146.UG.FTS.B,
28.98%,
11/09/24
.
452
459
991190864.UG.FTS.B,
28.98%,
11/09/24
.
183
185
991213946.UG.FTS.B,
28.98%,
11/09/24
.
82
84
991215028.UG.FTS.B,
28.98%,
11/09/24
.
546
562
991215951.UG.FTS.B,
28.98%,
11/09/24
.
574
142
991016205.UG.FTS.B,
29.49%,
11/09/24
.
749
606
991016307.UG.FTS.B,
29.49%,
11/09/24
.
204
214
991017635.UG.FTS.B,
29.49%,
11/09/24
.
1,402
179
991031396.UG.FTS.B,
29.49%,
11/09/24
.
62
50
991032314.UG.FTS.B,
29.49%,
11/09/24
.
470
483
991032461.UG.FTS.B,
29.49%,
11/09/24
.
173
180
991051385.UG.FTS.B,
29.49%,
11/09/24
.
83
21
991057649.UG.FTS.B,
29.49%,
11/09/24
.
228
228
991075118.UG.FTS.B,
29.49%,
11/09/24
.
1,307
339
991076041.UG.FTS.B,
29.49%,
11/09/24
.
154
158
991088136.UG.FTS.B,
29.49%,
11/09/24
.
85
84
991130666.UG.FTS.B,
29.49%,
11/09/24
.
91
90
991139880.UG.FTS.B,
29.49%,
11/09/24
.
162
168
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991143330.UG.FTS.B,
29.49%,
11/09/24
.
$
–
$
–
991148011.UG.FTS.B,
29.49%,
11/09/24
..
33
33
991171418.UG.FTS.B,
29.49%,
11/09/24
.
115
119
991213890.UG.FTS.B,
29.49%,
11/09/24
.
110
26
991215398.UG.FTS.B,
29.49%,
11/09/24
.
212
219
991040584.UG.FTS.B,
Zero
Cpn,
11/10/24
88
6
991198564.UG.FTS.B,
Zero
Cpn,
11/10/24
12
1
991064938.UG.FTS.B,
15.97%,
11/10/24
.
213
15
991065102.UG.FTS.B,
15.97%,
11/10/24
.
332
333
991104046.UG.FTS.B,
15.97%,
11/10/24
.
176
176
991129317.UG.FTS.B,
15.97%,
11/10/24
.
2,036
2,049
991171941.UG.FTS.B,
15.97%,
11/10/24
.
1,817
1,815
991022677.UG.FTS.B,
18.97%,
11/10/24
.
781
797
991170027.UG.FTS.B,
18.97%,
11/10/24
.
192
195
991224324.UG.FTS.B,
18.97%,
11/10/24
.
299
297
991045857.UG.FTS.B,
19.21%,
11/10/24
.
–
–
991034507.UG.FTS.B,
19.8%,
11/10/24
..
3,405
3,458
991020976.UG.FTS.B,
19.99%,
11/10/24
.
314
316
991023319.UG.FTS.B,
19.99%,
11/10/24
.
327
82
991029759.UG.FTS.B,
19.99%,
11/10/24
.
119
120
991072413.UG.FTS.B,
19.99%,
11/10/24
.
133
33
991026082.UG.FTS.B,
20.46%,
11/10/24
.
59
59
991211771.UG.FTS.B,
21.46%,
11/10/24
.
33
33
991216720.UG.FTS.B,
21.46%,
11/10/24
.
6,258
6,353
991023237.UG.FTS.B,
21.97%,
11/10/24
.
196
196
991026806.UG.FTS.B,
21.98%,
11/10/24
.
143
145
991021583.UG.FTS.B,
22.97%,
11/10/24
.
342
343
991062365.UG.FTS.B,
24.95%,
11/10/24
.
242
235
991055480.UG.FTS.B,
27.99%,
11/10/24
.
110
115
991020520.UG.FTS.B,
28.98%,
11/10/24
.
115
116
991021327.UG.FTS.B,
28.98%,
11/10/24
.
133
136
991022344.UG.FTS.B,
28.98%,
11/10/24
.
267
267
991022916.UG.FTS.B,
28.98%,
11/10/24
.
163
165
991022961.UG.FTS.B,
28.98%,
11/10/24
.
169
171
991026665.UG.FTS.B,
28.98%,
11/10/24
.
189
171
991026874.UG.FTS.B,
28.98%,
11/10/24
.
25
25
991033626.UG.FTS.B,
28.98%,
11/10/24
.
92
96
991037607.UG.FTS.B,
28.98%,
11/10/24
.
107
76
991039743.UG.FTS.B,
28.98%,
11/10/24
.
71
73
991044464.UG.FTS.B,
28.98%,
11/10/24
.
55
57
991103426.UG.FTS.B,
28.98%,
11/10/24
.
90
93
991108419.UG.FTS.B,
28.98%,
11/10/24
.
120
14
991130087.UG.FTS.B,
28.98%,
11/10/24
.
142
147
991203709.UG.FTS.B,
28.98%,
11/10/24
.
77
79
991203855.UG.FTS.B,
28.98%,
11/10/24
.
174
179
991216706.UG.FTS.B,
28.98%,
11/10/24
.
–
–
991023261.UG.FTS.B,
29.49%,
11/10/24
.
396
397
991030343.UG.FTS.B,
29.49%,
11/10/24
.
429
441
991050872.UG.FTS.B,
29.49%,
11/10/24
.
23
23
991054015.UG.FTS.B,
29.49%,
11/10/24
.
428
446
991056370.UG.FTS.B,
29.49%,
11/10/24
.
58
60
991066375.UG.FTS.B,
29.49%,
11/10/24
.
259
38
991066723.UG.FTS.B,
29.49%,
11/10/24
.
218
221
991079386.UG.FTS.B,
29.49%,
11/10/24
.
20
20
991100707.UG.FTS.B,
29.49%,
11/10/24
.
275
283
991160546.UG.FTS.B,
29.49%,
11/10/24
.
459
465
991189830.UG.FTS.B,
29.49%,
11/10/24
.
49
49
991205598.UG.FTS.B,
29.49%,
11/10/24
.
159
22
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
223
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991207636.UG.FTS.B,
29.49%,
11/10/24
.
$
341
$
343
991034034.UG.FTS.B,
Zero
Cpn,
11/11/24
56
4
991048387.UG.FTS.B,
Zero
Cpn,
11/11/24
581
40
991053429.UG.FTS.B,
Zero
Cpn,
11/11/24
82
6
991066829.UG.FTS.B,
Zero
Cpn,
11/11/24
188
13
991159028.UG.FTS.B,
Zero
Cpn,
11/11/24
562
39
991196736.UG.FTS.B,
Zero
Cpn,
11/11/24
219
15
991042328.UG.FTS.B,
14.98%,
11/11/24
.
698
713
991132695.UG.FTS.B,
15%,
11/11/24
....
1,241
1,266
991070425.UG.FTS.B,
15.97%,
11/11/24
.
74
76
991080741.UG.FTS.B,
15.97%,
11/11/24
.
759
775
991065340.UG.FTS.B,
16.99%,
11/11/24
.
344
346
991225418.UG.FTS.B,
16.99%,
11/11/24
.
501
500
991033893.UG.FTS.B,
17.97%,
11/11/24
.
346
346
991033250.UG.FTS.B,
17.99%,
11/11/24
.
418
419
991043832.UG.FTS.B,
17.99%,
11/11/24
.
56
56
991079063.UG.FTS.B,
17.99%,
11/11/24
.
121
121
991099988.UG.FTS.B,
17.99%,
11/11/24
.
87
87
991108417.UG.FTS.B,
17.99%,
11/11/24
..
35
3
991031698.UG.FTS.B,
18.97%,
11/11/24
.
11
11
991104909.UG.FTS.B,
18.97%,
11/11/24
..
488
484
991148541.UG.FTS.B,
18.97%,
11/11/24
..
206
210
991031272.UG.FTS.B,
19.21%,
11/11/24
.
725
739
991069631.UG.FTS.B,
19.21%,
11/11/24
.
67
69
991119597.UG.FTS.B,
19.21%,
11/11/24
..
391
400
991184036.UG.FTS.B,
19.21%,
11/11/24
..
133
23
991095162.UG.FTS.B,
19.46%,
11/11/24
.
1,133
1,135
991030105.UG.FTS.B,
19.8%,
11/11/24
..
54
54
991037339.UG.FTS.B,
19.8%,
11/11/24
..
903
374
991080931.UG.FTS.B,
19.8%,
11/11/24
..
205
86
991090906.UG.FTS.B,
19.8%,
11/11/24
..
–
–
991135236.UG.FTS.B,
19.8%,
11/11/24
...
1,027
1,049
991024759.UG.FTS.B,
19.99%,
11/11/24
.
235
238
991027149.UG.FTS.B,
19.99%,
11/11/24
.
172
13
991030107.UG.FTS.B,
19.99%,
11/11/24
.
1,244
1,291
991030291.UG.FTS.B,
19.99%,
11/11/24
.
646
674
991035914.UG.FTS.B,
19.99%,
11/11/24
.
216
224
991049873.UG.FTS.B,
19.99%,
11/11/24
.
841
217
991105048.UG.FTS.B,
19.99%,
11/11/24
..
94
97
991108215.UG.FTS.B,
19.99%,
11/11/24
..
399
416
991115949.UG.FTS.B,
19.99%,
11/11/24
..
146
151
991117587.UG.FTS.B,
19.99%,
11/11/24
..
179
46
991134848.UG.FTS.B,
19.99%,
11/11/24
..
288
300
991148839.UG.FTS.B,
19.99%,
11/11/24
..
515
537
991174012.UG.FTS.B,
19.99%,
11/11/24
..
217
226
991181923.UG.FTS.B,
19.99%,
11/11/24
..
601
622
991034527.UG.FTS.B,
20.46%,
11/11/24
.
1,048
1,071
991063618.UG.FTS.B,
20.46%,
11/11/24
.
353
354
991149259.UG.FTS.B,
20.46%,
11/11/24
..
1,041
1,064
991167644.UG.FTS.B,
20.46%,
11/11/24
..
518
530
991029731.UG.FTS.B,
20.97%,
11/11/24
.
1,372
1,403
991090708.UG.FTS.B,
20.97%,
11/11/24
.
189
190
991126570.UG.FTS.B,
20.97%,
11/11/24
..
1,001
1,024
991166977.UG.FTS.B,
20.97%,
11/11/24
..
364
373
991025029.UG.FTS.B,
21.46%,
11/11/24
.
226
230
991066846.UG.FTS.B,
21.46%,
11/11/24
.
292
292
991094568.UG.FTS.B,
21.46%,
11/11/24
.
748
62
991139420.UG.FTS.B,
21.46%,
11/11/24
..
208
209
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991141383.UG.FTS.B,
21.46%,
11/11/24
..
$
157
$
161
991026361.UG.FTS.B,
21.98%,
11/11/24
.
532
535
991048924.UG.FTS.B,
21.98%,
11/11/24
.
662
659
991050845.UG.FTS.B,
21.98%,
11/11/24
.
161
160
991187665.UG.FTS.B,
21.98%,
11/11/24
..
256
259
991217106.UG.FTS.B,
21.98%,
11/11/24
.
255
259
991125236.UG.FTS.B,
22.48%,
11/11/24
..
291
284
991058286.UG.FTS.B,
22.95%,
11/11/24
.
695
699
991145971.UG.FTS.B,
22.97%,
11/11/24
..
23
23
991037747.UG.FTS.B,
24.95%,
11/11/24
.
574
577
991097256.UG.FTS.B,
25.94%,
11/11/24
.
358
89
991098171.UG.FTS.B,
25.94%,
11/11/24
.
176
44
991080911.UG.FTS.B,
25.95%,
11/11/24
..
308
316
991177584.UG.FTS.B,
25.95%,
11/11/24
..
412
101
991069043.UG.FTS.B,
26.49%,
11/11/24
.
259
267
991029732.UG.FTS.B,
27.99%,
11/11/24
.
2,197
2,295
991048527.UG.FTS.B,
27.99%,
11/11/24
.
388
405
991024644.UG.FTS.B,
28.98%,
11/11/24
.
203
51
991024878.UG.FTS.B,
28.98%,
11/11/24
.
362
378
991025217.UG.FTS.B,
28.98%,
11/11/24
.
21
21
991026090.UG.FTS.B,
28.98%,
11/11/24
.
95
96
991026911.UG.FTS.B,
28.98%,
11/11/24
..
29
30
991030570.UG.FTS.B,
28.98%,
11/11/24
.
103
(5)
991032710.UG.FTS.B,
28.98%,
11/11/24
.
94
96
991033906.UG.FTS.B,
28.98%,
11/11/24
.
82
83
991034495.UG.FTS.B,
28.98%,
11/11/24
.
98
102
991036245.UG.FTS.B,
28.98%,
11/11/24
.
65
67
991036674.UG.FTS.B,
28.98%,
11/11/24
.
153
159
991037303.UG.FTS.B,
28.98%,
11/11/24
.
35
13
991038306.UG.FTS.B,
28.98%,
11/11/24
.
28
28
991040917.UG.FTS.B,
28.98%,
11/11/24
.
108
112
991044613.UG.FTS.B,
28.98%,
11/11/24
.
312
318
991045675.UG.FTS.B,
28.98%,
11/11/24
.
151
157
991047937.UG.FTS.B,
28.98%,
11/11/24
.
152
153
991049607.UG.FTS.B,
28.98%,
11/11/24
.
304
24
991049893.UG.FTS.B,
28.98%,
11/11/24
.
98
101
991051286.UG.FTS.B,
28.98%,
11/11/24
.
190
198
991052684.UG.FTS.B,
28.98%,
11/11/24
.
123
128
991053400.UG.FTS.B,
28.98%,
11/11/24
.
958
988
991054718.UG.FTS.B,
28.98%,
11/11/24
.
258
17
991054721.UG.FTS.B,
28.98%,
11/11/24
.
1,648
1,688
991056457.UG.FTS.B,
28.98%,
11/11/24
.
485
501
991057928.UG.FTS.B,
28.98%,
11/11/24
.
369
385
991058079.UG.FTS.B,
28.98%,
11/11/24
.
9
9
991059607.UG.FTS.B,
28.98%,
11/11/24
.
227
236
991061718.UG.FTS.B,
28.98%,
11/11/24
.
121
126
991062449.UG.FTS.B,
28.98%,
11/11/24
.
104
107
991062713.UG.FTS.B,
28.98%,
11/11/24
.
171
175
991071245.UG.FTS.B,
28.98%,
11/11/24
.
736
761
991071859.UG.FTS.B,
28.98%,
11/11/24
.
139
145
991076272.UG.FTS.B,
28.98%,
11/11/24
.
218
227
991076865.UG.FTS.B,
28.98%,
11/11/24
.
65
67
991078682.UG.FTS.B,
28.98%,
11/11/24
.
816
852
991079069.UG.FTS.B,
28.98%,
11/11/24
.
133
137
991080796.UG.FTS.B,
28.98%,
11/11/24
.
303
316
991085565.UG.FTS.B,
28.98%,
11/11/24
.
91
94
991087454.UG.FTS.B,
28.98%,
11/11/24
.
133
136
991091995.UG.FTS.B,
28.98%,
11/11/24
.
63
65
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
224
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991094513.UG.FTS.B,
28.98%,
11/11/24
.
$
2,497
$
2,605
991106885.UG.FTS.B,
28.98%,
11/11/24
..
34
35
991120675.UG.FTS.B,
28.98%,
11/11/24
..
272
284
991128202.UG.FTS.B,
28.98%,
11/11/24
..
224
30
991132545.UG.FTS.B,
28.98%,
11/11/24
..
215
225
991132831.UG.FTS.B,
28.98%,
11/11/24
..
266
269
991144617.UG.FTS.B,
28.98%,
11/11/24
..
94
95
991149570.UG.FTS.B,
28.98%,
11/11/24
..
331
343
991151147.UG.FTS.B,
28.98%,
11/11/24
..
883
894
991164690.UG.FTS.B,
28.98%,
11/11/24
..
134
139
991167348.UG.FTS.B,
28.98%,
11/11/24
..
124
34
991167851.UG.FTS.B,
28.98%,
11/11/24
..
110
114
991171146.UG.FTS.B,
28.98%,
11/11/24
..
131
131
991171156.UG.FTS.B,
28.98%,
11/11/24
..
68
17
991175878.UG.FTS.B,
28.98%,
11/11/24
..
52
52
991178953.UG.FTS.B,
28.98%,
11/11/24
..
89
92
991180529.UG.FTS.B,
28.98%,
11/11/24
..
75
10
991182117.UG.FTS.B,
28.98%,
11/11/24
..
142
145
991195039.UG.FTS.B,
28.98%,
11/11/24
..
321
82
991197445.UG.FTS.B,
28.98%,
11/11/24
..
1,810
1,871
991201385.UG.FTS.B,
28.98%,
11/11/24
.
182
45
991214495.UG.FTS.B,
28.98%,
11/11/24
.
208
215
991024882.UG.FTS.B,
29.49%,
11/11/24
.
143
149
991025986.UG.FTS.B,
29.49%,
11/11/24
.
23
23
991026021.UG.FTS.B,
29.49%,
11/11/24
.
410
429
991026609.UG.FTS.B,
29.49%,
11/11/24
.
14
2
991026664.UG.FTS.B,
29.49%,
11/11/24
.
185
193
991029636.UG.FTS.B,
29.49%,
11/11/24
.
835
872
991029650.UG.FTS.B,
29.49%,
11/11/24
.
104
(5)
991030862.UG.FTS.B,
29.49%,
11/11/24
.
503
529
991031395.UG.FTS.B,
29.49%,
11/11/24
.
93
23
991031493.UG.FTS.B,
29.49%,
11/11/24
.
126
132
991031741.UG.FTS.B,
29.49%,
11/11/24
.
55
57
991032433.UG.FTS.B,
29.49%,
11/11/24
.
258
270
991033194.UG.FTS.B,
29.49%,
11/11/24
.
37
38
991037518.UG.FTS.B,
29.49%,
11/11/24
.
128
134
991039519.UG.FTS.B,
29.49%,
11/11/24
.
112
113
991039534.UG.FTS.B,
29.49%,
11/11/24
.
335
337
991039964.UG.FTS.B,
29.49%,
11/11/24
.
567
1
991040377.UG.FTS.B,
29.49%,
11/11/24
.
37
38
991041612.UG.FTS.B,
29.49%,
11/11/24
.
1,681
1,774
991043474.UG.FTS.B,
29.49%,
11/11/24
.
374
25
991044198.UG.FTS.B,
29.49%,
11/11/24
.
16
16
991044948.UG.FTS.B,
29.49%,
11/11/24
.
105
109
991046828.UG.FTS.B,
29.49%,
11/11/24
.
95
98
991048668.UG.FTS.B,
29.49%,
11/11/24
.
1,467
1,538
991048724.UG.FTS.B,
29.49%,
11/11/24
.
166
(7)
991051905.UG.FTS.B,
29.49%,
11/11/24
.
178
179
991052618.UG.FTS.B,
29.49%,
11/11/24
.
1,075
1,132
991053274.UG.FTS.B,
29.49%,
11/11/24
.
387
115
991055838.UG.FTS.B,
29.49%,
11/11/24
.
48
48
991057411.UG.FTS.B,
29.49%,
11/11/24
..
72
75
991057605.UG.FTS.B,
29.49%,
11/11/24
.
14
14
991061585.UG.FTS.B,
29.49%,
11/11/24
.
8
8
991062394.UG.FTS.B,
29.49%,
11/11/24
.
645
661
991062627.UG.FTS.B,
29.49%,
11/11/24
.
241
245
991062748.UG.FTS.B,
29.49%,
11/11/24
.
370
387
991062995.UG.FTS.B,
29.49%,
11/11/24
.
108
112
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991063512.UG.FTS.B,
29.49%,
11/11/24
.
$
1,281
$
1,326
991067458.UG.FTS.B,
29.49%,
11/11/24
.
304
41
991069527.UG.FTS.B,
29.49%,
11/11/24
.
219
225
991070132.UG.FTS.B,
29.49%,
11/11/24
.
28
29
991070297.UG.FTS.B,
29.49%,
11/11/24
.
163
166
991071715.UG.FTS.B,
29.49%,
11/11/24
.
48
50
991072390.UG.FTS.B,
29.49%,
11/11/24
.
694
91
991074770.UG.FTS.B,
29.49%,
11/11/24
.
136
136
991076554.UG.FTS.B,
29.49%,
11/11/24
.
863
(109)
991079129.UG.FTS.B,
29.49%,
11/11/24
.
178
179
991081009.UG.FTS.B,
29.49%,
11/11/24
.
–
–
991081273.UG.FTS.B,
29.49%,
11/11/24
.
110
116
991084245.UG.FTS.B,
29.49%,
11/11/24
.
58
31
991085994.UG.FTS.B,
29.49%,
11/11/24
.
275
287
991086224.UG.FTS.B,
29.49%,
11/11/24
.
77
78
991087089.UG.FTS.B,
29.49%,
11/11/24
.
334
349
991089870.UG.FTS.B,
29.49%,
11/11/24
.
411
420
991091062.UG.FTS.B,
29.49%,
11/11/24
.
159
166
991092922.UG.FTS.B,
29.49%,
11/11/24
.
117
119
991093390.UG.FTS.B,
29.49%,
11/11/24
.
453
(28)
991097673.UG.FTS.B,
29.49%,
11/11/24
.
73
76
991102456.UG.FTS.B,
29.49%,
11/11/24
..
500
522
991105795.UG.FTS.B,
29.49%,
11/11/24
..
282
36
991106129.UG.FTS.B,
29.49%,
11/11/24
..
26
27
991111641.UG.FTS.B,
29.49%,
11/11/24
..
19
19
991113486.UG.FTS.B,
29.49%,
11/11/24
..
147
149
991113621.UG.FTS.B,
29.49%,
11/11/24
..
819
848
991115785.UG.FTS.B,
29.49%,
11/11/24
..
1,066
1,112
991119988.UG.FTS.B,
29.49%,
11/11/24
..
47
48
991120196.UG.FTS.B,
29.49%,
11/11/24
..
104
109
991120336.UG.FTS.B,
29.49%,
11/11/24
..
277
290
991121030.UG.FTS.B,
29.49%,
11/11/24
..
181
187
991126785.UG.FTS.B,
29.49%,
11/11/24
..
132
(6)
991128140.UG.FTS.B,
29.49%,
11/11/24
..
109
115
991129046.UG.FTS.B,
29.49%,
11/11/24
..
249
260
991138007.UG.FTS.B,
29.49%,
11/11/24
..
80
80
991141828.UG.FTS.B,
29.49%,
11/11/24
..
11
11
991147262.UG.FTS.B,
29.49%,
11/11/24
..
215
221
991152299.UG.FTS.B,
29.49%,
11/11/24
..
103
104
991160825.UG.FTS.B,
29.49%,
11/11/24
..
55
56
991161751.UG.FTS.B,
29.49%,
11/11/24
..
138
144
991162321.UG.FTS.B,
29.49%,
11/11/24
..
122
126
991166506.UG.FTS.B,
29.49%,
11/11/24
..
124
124
991169853.UG.FTS.B,
29.49%,
11/11/24
..
111
116
991175105.UG.FTS.B,
29.49%,
11/11/24
..
31
32
991191286.UG.FTS.B,
29.49%,
11/11/24
..
97
100
991192289.UG.FTS.B,
29.49%,
11/11/24
..
62
62
991197313.UG.FTS.B,
29.49%,
11/11/24
..
140
145
991204233.UG.FTS.B,
29.49%,
11/11/24
.
7
7
991214645.UG.FTS.B,
29.49%,
11/11/24
.
219
227
991217280.UG.FTS.B,
29.49%,
11/11/24
.
549
569
991038725.UG.FTS.B,
Zero
Cpn,
11/12/24
50
3
991046838.UG.FTS.B,
Zero
Cpn,
11/12/24
279
19
991060717.UG.FTS.B,
Zero
Cpn,
11/12/24
219
15
991070100.UG.FTS.B,
Zero
Cpn,
11/12/24
141
10
991072416.UG.FTS.B,
Zero
Cpn,
11/12/24
1,341
92
991106833.UG.FTS.B,
Zero
Cpn,
11/12/24
453
31
991042459.UG.FTS.B,
14%,
11/12/24
....
4,986
5,002
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
225
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991036968.UG.FTS.B,
14.97%,
11/12/24
.
$
2,616
$
2,624
991036334.UG.FTS.B,
14.98%,
11/12/24
.
99
99
991043719.UG.FTS.B,
14.98%,
11/12/24
.
523
524
991036209.UG.FTS.B,
15%,
11/12/24
....
3,496
3,507
991041203.UG.FTS.B,
15%,
11/12/24
....
1,007
12
991049725.UG.FTS.B,
15.97%,
11/12/24
.
354
351
991042437.UG.FTS.B,
15.99%,
11/12/24
.
2,528
2,536
991130973.UG.FTS.B,
15.99%,
11/12/24
.
2,786
2,794
991035103.UG.FTS.B,
16.99%,
11/12/24
.
770
770
991037894.UG.FTS.B,
16.99%,
11/12/24
.
266
66
991050028.UG.FTS.B,
16.99%,
11/12/24
.
202
202
991214646.UG.FTS.B,
16.99%,
11/12/24
.
669
670
991039148.UG.FTS.B,
17.97%,
11/12/24
.
5,543
5,561
991041313.UG.FTS.B,
17.97%,
11/12/24
.
3,755
3,768
991034794.UG.FTS.B,
17.99%,
11/12/24
.
670
673
991042430.UG.FTS.B,
17.99%,
11/12/24
.
2,415
626
991089727.UG.FTS.B,
17.99%,
11/12/24
.
5,692
1,247
991217835.UG.FTS.B,
17.99%,
11/12/24
.
509
508
991038677.UG.FTS.B,
18.21%,
11/12/24
.
3,709
3,722
991167075.UG.FTS.B,
18.21%,
11/12/24
.
1,279
1,284
991034560.UG.FTS.B,
18.97%,
11/12/24
.
156
156
991036429.UG.FTS.B,
18.97%,
11/12/24
.
343
344
991038296.UG.FTS.B,
18.97%,
11/12/24
.
168
169
991043248.UG.FTS.B,
18.97%,
11/12/24
.
114
115
991043614.UG.FTS.B,
18.97%,
11/12/24
.
496
497
991046047.UG.FTS.B,
18.97%,
11/12/24
.
242
243
991135510.UG.FTS.B,
18.97%,
11/12/24
.
309
311
991149515.UG.FTS.B,
18.97%,
11/12/24
.
432
432
991166787.UG.FTS.B,
18.97%,
11/12/24
.
2,208
2,205
991229420.UG.FTS.B,
18.97%,
11/12/24
.
327
327
991039912.UG.FTS.B,
19.21%,
11/12/24
.
166
167
991043544.UG.FTS.B,
19.21%,
11/12/24
.
47
47
991055412.UG.FTS.B,
19.21%,
11/12/24
.
1,604
1,610
991077162.UG.FTS.B,
19.21%,
11/12/24
.
510
503
991039753.UG.FTS.B,
19.8%,
11/12/24
..
430
431
991092557.UG.FTS.B,
19.8%,
11/12/24
..
46
46
991196590.UG.FTS.B,
19.8%,
11/12/24
..
155
155
991032173.UG.FTS.B,
20.46%,
11/12/24
.
196
195
991040953.UG.FTS.B,
20.46%,
11/12/24
.
677
679
991042127.UG.FTS.B,
20.46%,
11/12/24
.
1,032
1,036
991046754.UG.FTS.B,
20.46%,
11/12/24
.
2,228
(19)
991058413.UG.FTS.B,
20.46%,
11/12/24
.
644
(6)
991085590.UG.FTS.B,
20.46%,
11/12/24
.
526
528
991094480.UG.FTS.B,
20.46%,
11/12/24
.
209
210
991129109.UG.FTS.B,
20.46%,
11/12/24
.
255
255
991163006.UG.FTS.B,
20.46%,
11/12/24
.
253
253
991196098.UG.FTS.B,
20.46%,
11/12/24
.
95
95
991224739.UG.FTS.B,
20.46%,
11/12/24
.
109
14
991234666.UG.FTS.B,
20.46%,
11/12/24
.
59
59
991032939.UG.FTS.B,
20.97%,
11/12/24
.
322
320
991039115.UG.FTS.B,
20.97%,
11/12/24
.
1,026
1,025
991106317.UG.FTS.B,
20.97%,
11/12/24
.
338
339
991215378.UG.FTS.B,
20.97%,
11/12/24
.
520
519
991036161.UG.FTS.B,
21.46%,
11/12/24
.
2,857
2,871
991047526.UG.FTS.B,
21.46%,
11/12/24
.
475
478
991057765.UG.FTS.B,
21.46%,
11/12/24
.
101
101
991072361.UG.FTS.B,
21.46%,
11/12/24
.
425
427
991072869.UG.FTS.B,
21.46%,
11/12/24
.
61
60
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991086819.UG.FTS.B,
21.46%,
11/12/24
.
$
711
$
714
991130390.UG.FTS.B,
21.46%,
11/12/24
.
124
123
991149555.UG.FTS.B,
21.46%,
11/12/24
.
524
527
991154332.UG.FTS.B,
21.46%,
11/12/24
.
1,397
1,389
991167965.UG.FTS.B,
21.46%,
11/12/24
.
1,044
1,049
991226484.UG.FTS.B,
21.46%,
11/12/24
.
514
513
991036128.UG.FTS.B,
21.98%,
11/12/24
.
38
38
991046804.UG.FTS.B,
21.98%,
11/12/24
.
771
772
991121938.UG.FTS.B,
21.98%,
11/12/24
.
253
253
991131569.UG.FTS.B,
21.98%,
11/12/24
.
245
246
991217398.UG.FTS.B,
21.98%,
11/12/24
.
316
(5)
991224208.UG.FTS.B,
21.98%,
11/12/24
.
178
178
991039683.UG.FTS.B,
22.95%,
11/12/24
.
106
106
991067098.UG.FTS.B,
22.95%,
11/12/24
.
390
295
991039746.UG.FTS.B,
22.97%,
11/12/24
.
285
285
991222051.UG.FTS.B,
22.97%,
11/12/24
.
162
161
991083227.UG.FTS.B,
23.95%,
11/12/24
.
107
108
991103112.UG.FTS.B,
25.95%,
11/12/24
..
392
393
991149520.UG.FTS.B,
25.95%,
11/12/24
.
541
544
991183694.UG.FTS.B,
25.95%,
11/12/24
.
105
104
991037516.UG.FTS.B,
26.94%,
11/12/24
.
194
193
991039659.UG.FTS.B,
26.94%,
11/12/24
.
73
73
991059570.UG.FTS.B,
26.94%,
11/12/24
.
165
163
991062210.UG.FTS.B,
Zero
Cpn,
11/13/24
109
8
991197167.UG.FTS.B,
Zero
Cpn,
11/13/24
135
9
991054425.UG.FTS.B,
18.97%,
11/13/24
.
118
117
991092009.UG.FTS.B,
18.97%,
11/13/24
.
925
913
991119492.UG.FTS.B,
18.97%,
11/13/24
..
1,291
1,296
991141427.UG.FTS.B,
18.97%,
11/13/24
.
79
71
991043828.UG.FTS.B,
19.21%,
11/13/24
.
87
6
991053667.UG.FTS.B,
19.21%,
11/13/24
.
980
981
991158111.UG.FTS.B,
19.21%,
11/13/24
..
3,412
(11)
991044384.UG.FTS.B,
19.8%,
11/13/24
..
399
401
991045601.UG.FTS.B,
19.8%,
11/13/24
..
–
–
991051776.UG.FTS.B,
19.8%,
11/13/24
..
320
322
991070292.UG.FTS.B,
19.8%,
11/13/24
..
529
524
991074550.UG.FTS.B,
19.8%,
11/13/24
..
874
103
991135137.UG.FTS.B,
19.8%,
11/13/24
..
460
459
991139982.UG.FTS.B,
19.8%,
11/13/24
..
42
8
991182015.UG.FTS.B,
19.8%,
11/13/24
..
47
19
991207669.UG.FTS.B,
19.8%,
11/13/24
..
78
78
991239015.UG.FTS.B,
19.8%,
11/13/24
..
86
86
991058306.UG.FTS.B,
20.46%,
11/13/24
.
505
35
991118761.UG.FTS.B,
20.97%,
11/13/24
..
209
206
991053506.UG.FTS.B,
21.46%,
11/13/24
.
11
10
991089124.UG.FTS.B,
21.46%,
11/13/24
.
794
199
991094103.UG.FTS.B,
21.46%,
11/13/24
.
527
530
991043243.UG.FTS.B,
21.98%,
11/13/24
.
86
86
991078122.UG.FTS.B,
21.98%,
11/13/24
.
1,655
1,657
991221586.UG.FTS.B,
21.98%,
11/13/24
.
3
3
991045128.UG.FTS.B,
22.97%,
11/13/24
.
19
19
991073136.UG.FTS.B,
22.97%,
11/13/24
.
298
297
991081670.UG.FTS.B,
22.97%,
11/13/24
.
287
288
991084697.UG.FTS.B,
22.97%,
11/13/24
.
768
750
991147839.UG.FTS.B,
22.97%,
11/13/24
.
502
505
991060635.UG.FTS.B,
25.94%,
11/13/24
.
789
(22)
991120433.UG.FTS.B,
25.95%,
11/13/24
.
543
546
991176572.UG.FTS.B,
25.95%,
11/13/24
.
536
539
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
226
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991165927.UG.FTS.B,
18.8%,
11/14/24
..
$
66
$
66
991047941.UG.FTS.B,
18.97%,
11/14/24
.
254
255
991060835.UG.FTS.B,
18.97%,
11/14/24
.
230
231
991064005.UG.FTS.B,
18.97%,
11/14/24
.
588
588
991135967.UG.FTS.B,
18.97%,
11/14/24
.
668
670
991147340.UG.FTS.B,
18.97%,
11/14/24
.
782
782
991052420.UG.FTS.B,
19.21%,
11/14/24
.
268
270
991058880.UG.FTS.B,
19.21%,
11/14/24
.
169
37
991065337.UG.FTS.B,
19.21%,
11/14/24
.
63
63
991076720.UG.FTS.B,
19.21%,
11/14/24
.
61
60
991115058.UG.FTS.B,
19.21%,
11/14/24
..
104
104
991230067.UG.FTS.B,
19.21%,
11/14/24
.
156
156
991186061.UG.FTS.B,
19.8%,
11/14/24
..
264
265
991212892.UG.FTS.B,
19.8%,
11/14/24
..
23
23
991247002.UG.FTS.B,
19.8%,
11/14/24
..
273
69
991051184.UG.FTS.B,
20.46%,
11/14/24
.
289
2
991067392.UG.FTS.B,
20.46%,
11/14/24
.
19
19
991147993.UG.FTS.B,
20.46%,
11/14/24
.
280
280
991176027.UG.FTS.B,
20.46%,
11/14/24
.
40
40
991177227.UG.FTS.B,
20.46%,
11/14/24
.
104
105
991194498.UG.FTS.B,
20.46%,
11/14/24
.
15
15
991052299.UG.FTS.B,
20.97%,
11/14/24
.
648
50
991068021.UG.FTS.B,
20.97%,
11/14/24
.
75
75
991075171.UG.FTS.B,
20.97%,
11/14/24
.
1,028
1,028
991133151.UG.FTS.B,
20.97%,
11/14/24
.
482
477
991232539.UG.FTS.B,
20.97%,
11/14/24
.
173
171
991161778.UG.FTS.B,
20.98%,
11/14/24
.
428
53
991053215.UG.FTS.B,
21.46%,
11/14/24
.
98
97
991061034.UG.FTS.B,
21.46%,
11/14/24
.
297
297
991068618.UG.FTS.B,
21.46%,
11/14/24
.
300
298
991119349.UG.FTS.B,
21.46%,
11/14/24
..
542
543
991166904.UG.FTS.B,
21.46%,
11/14/24
.
55
55
991184898.UG.FTS.B,
21.46%,
11/14/24
.
951
940
991084216.UG.FTS.B,
21.98%,
11/14/24
.
603
604
991143542.UG.FTS.B,
21.98%,
11/14/24
.
263
262
991247140.UG.FTS.B,
21.98%,
11/14/24
.
106
26
991060601.UG.FTS.B,
22.97%,
11/14/24
.
201
202
991163751.UG.FTS.B,
22.97%,
11/14/24
.
163
164
991184091.UG.FTS.B,
22.97%,
11/14/24
.
266
267
991224639.UG.FTS.B,
22.97%,
11/14/24
.
221
220
991051831.UG.FTS.B,
25.95%,
11/14/24
.
597
78
991068096.UG.FTS.B,
26.94%,
11/14/24
.
456
458
991232884.UG.FTS.B,
Zero
Cpn,
11/15/24
175
12
991062678.UG.FTS.B,
18.97%,
11/15/24
.
148
148
991146941.UG.FTS.B,
18.97%,
11/15/24
.
92
92
991226714.UG.FTS.B,
18.97%,
11/15/24
.
666
666
991057044.UG.FTS.B,
19.21%,
11/15/24
.
164
(1)
991062012.UG.FTS.B,
19.21%,
11/15/24
.
120
121
991083160.UG.FTS.B,
19.21%,
11/15/24
.
25
25
991116196.UG.FTS.B,
19.21%,
11/15/24
..
633
635
991148899.UG.FTS.B,
19.21%,
11/15/24
.
27
27
991159422.UG.FTS.B,
19.21%,
11/15/24
.
90
91
991214523.UG.FTS.B,
19.21%,
11/15/24
.
2,054
2,052
991232676.UG.FTS.B,
19.21%,
11/15/24
.
1,027
1,026
991058435.UG.FTS.B,
19.8%,
11/15/24
..
427
429
991060645.UG.FTS.B,
19.8%,
11/15/24
..
230
231
991130059.UG.FTS.B,
19.8%,
11/15/24
..
83
62
991052998.UG.FTS.B,
20.46%,
11/15/24
.
143
142
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991062692.UG.FTS.B,
20.46%,
11/15/24
.
$
–
$
–
991067501.UG.FTS.B,
20.46%,
11/15/24
.
138
138
991075795.UG.FTS.B,
20.46%,
11/15/24
.
54
54
991121275.UG.FTS.B,
20.46%,
11/15/24
.
3,126
3,141
991060260.UG.FTS.B,
20.97%,
11/15/24
.
819
823
991071778.UG.FTS.B,
20.97%,
11/15/24
.
290
291
991058892.UG.FTS.B,
21.46%,
11/15/24
.
736
740
991059119.UG.FTS.B,
21.46%,
11/15/24
.
44
44
991061209.UG.FTS.B,
21.46%,
11/15/24
.
323
112
991067852.UG.FTS.B,
21.46%,
11/15/24
.
211
213
991081663.UG.FTS.B,
21.46%,
11/15/24
.
8
8
991082388.UG.FTS.B,
21.46%,
11/15/24
.
114
114
991084465.UG.FTS.B,
21.46%,
11/15/24
.
1,463
103
991092471.UG.FTS.B,
21.46%,
11/15/24
.
163
164
991099369.UG.FTS.B,
21.46%,
11/15/24
.
158
158
991153690.UG.FTS.B,
21.46%,
11/15/24
.
146
146
991160626.UG.FTS.B,
21.46%,
11/15/24
.
256
254
991170133.UG.FTS.B,
21.46%,
11/15/24
.
258
260
991177667.UG.FTS.B,
21.46%,
11/15/24
.
108
106
991197057.UG.FTS.B,
21.46%,
11/15/24
.
563
140
991218740.UG.FTS.B,
21.46%,
11/15/24
.
129
129
991232327.UG.FTS.B,
21.46%,
11/15/24
.
194
193
991074487.UG.FTS.B,
21.98%,
11/15/24
.
473
116
991082558.UG.FTS.B,
21.98%,
11/15/24
.
201
202
991088521.UG.FTS.B,
21.98%,
11/15/24
.
188
189
991119590.UG.FTS.B,
21.98%,
11/15/24
..
266
19
991112513.UG.FTS.B,
22.97%,
11/15/24
..
326
327
991218382.UG.FTS.B,
22.97%,
11/15/24
.
157
157
991118927.UG.FTS.B,
23.95%,
11/15/24
..
186
181
991186467.UG.FTS.B,
23.95%,
11/15/24
.
743
54
991239064.UG.FTS.B,
23.95%,
11/15/24
.
368
368
991104861.UG.FTS.B,
25.95%,
11/15/24
.
51
51
991179072.UG.FTS.B,
25.95%,
11/15/24
.
73
5
991051794.UG.FTS.B,
26.94%,
11/15/24
.
258
260
991199097.UG.FTS.B,
26.94%,
11/15/24
.
166
165
991106544.UG.FTS.B,
Zero
Cpn,
11/16/24
91
6
991187363.UG.FTS.B,
18.97%,
11/16/24
.
169
12
991165568.UG.FTS.B,
19.8%,
11/16/24
..
131
130
991060668.UG.FTS.B,
19.99%,
11/16/24
.
117
120
991067149.UG.FTS.B,
19.99%,
11/16/24
.
104
8
991069716.UG.FTS.B,
19.99%,
11/16/24
.
288
111
991077083.UG.FTS.B,
19.99%,
11/16/24
.
103
106
991088947.UG.FTS.B,
19.99%,
11/16/24
.
305
312
991121485.UG.FTS.B,
19.99%,
11/16/24
.
148
11
991146739.UG.FTS.B,
20.97%,
11/16/24
.
293
291
991106630.UG.FTS.B,
21.98%,
11/16/24
.
525
529
991075585.UG.FTS.B,
22.97%,
11/16/24
.
293
291
991083700.UG.FTS.B,
25.94%,
11/16/24
.
685
685
991086833.UG.FTS.B,
26.94%,
11/16/24
.
877
884
991060227.UG.FTS.B,
28.98%,
11/16/24
.
1,126
1,140
991061800.UG.FTS.B,
28.98%,
11/16/24
.
91
92
991078886.UG.FTS.B,
28.98%,
11/16/24
.
78
79
991093834.UG.FTS.B,
28.98%,
11/16/24
.
219
224
991109575.UG.FTS.B,
28.98%,
11/16/24
.
125
(5)
991112308.UG.FTS.B,
28.98%,
11/16/24
..
121
123
991112584.UG.FTS.B,
28.98%,
11/16/24
..
90
26
991119971.UG.FTS.B,
28.98%,
11/16/24
..
498
506
991130100.UG.FTS.B,
28.98%,
11/16/24
.
481
480
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
227
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991132906.UG.FTS.B,
28.98%,
11/16/24
.
$
131
$
134
991183042.UG.FTS.B,
28.98%,
11/16/24
.
206
209
991261509.UG.FTS.B,
28.98%,
11/16/24
.
89
91
991060822.UG.FTS.B,
29.49%,
11/16/24
.
666
686
991061656.UG.FTS.B,
29.49%,
11/16/24
.
634
637
991061934.UG.FTS.B,
29.49%,
11/16/24
.
467
477
991101093.UG.FTS.B,
29.49%,
11/16/24
.
141
145
991109786.UG.FTS.B,
29.49%,
11/16/24
.
171
175
991133361.UG.FTS.B,
29.49%,
11/16/24
.
50
7
991137323.UG.FTS.B,
29.49%,
11/16/24
.
655
668
991182164.UG.FTS.B,
29.49%,
11/16/24
.
196
201
991213983.UG.FTS.B,
29.49%,
11/16/24
.
156
158
991245774.UG.FTS.B,
29.49%,
11/16/24
.
299
306
991260561.UG.FTS.B,
29.49%,
11/16/24
.
17
17
991263681.UG.FTS.B,
29.49%,
11/16/24
.
90
92
991064798.UG.FTS.B,
Zero
Cpn,
11/17/24
431
30
991251530.UG.FTS.B,
Zero
Cpn,
11/17/24
64
4
991076389.UG.FTS.B,
19.21%,
11/17/24
.
365
365
991136802.UG.FTS.B,
19.21%,
11/17/24
.
100
12
991100419.UG.FTS.B,
19.8%,
11/17/24
..
82
82
991183019.UG.FTS.B,
19.8%,
11/17/24
..
2,390
2,389
991065873.UG.FTS.B,
19.99%,
11/17/24
.
72
74
991234093.UG.FTS.B,
19.99%,
11/17/24
.
32
32
991275120.UG.FTS.B,
19.99%,
11/17/24
.
104
106
991232167.UG.FTS.B,
20.46%,
11/17/24
.
93
93
991064064.UG.FTS.B,
21.46%,
11/17/24
.
184
185
991087993.UG.FTS.B,
21.46%,
11/17/24
.
106
107
991092687.UG.FTS.B,
21.46%,
11/17/24
.
98
98
991081575.UG.FTS.B,
21.98%,
11/17/24
.
200
199
991088067.UG.FTS.B,
21.98%,
11/17/24
.
168
169
991102607.UG.FTS.B,
21.98%,
11/17/24
.
911
917
991122048.UG.FTS.B,
21.98%,
11/17/24
.
151
152
991090075.UG.FTS.B,
22.95%,
11/17/24
.
103
104
991076633.UG.FTS.B,
22.97%,
11/17/24
.
1,694
1,706
991079431.UG.FTS.B,
25.95%,
11/17/24
.
215
216
991089872.UG.FTS.B,
25.95%,
11/17/24
.
189
190
991065007.UG.FTS.B,
27.99%,
11/17/24
.
232
236
991065027.UG.FTS.B,
27.99%,
11/17/24
.
667
676
991139363.UG.FTS.B,
27.99%,
11/17/24
.
170
174
991266169.UG.FTS.B,
27.99%,
11/17/24
.
104
106
991064290.UG.FTS.B,
28.98%,
11/17/24
.
227
233
991065238.UG.FTS.B,
28.98%,
11/17/24
.
9
9
991067567.UG.FTS.B,
28.98%,
11/17/24
.
1,189
1,203
991068760.UG.FTS.B,
28.98%,
11/17/24
.
133
133
991070550.UG.FTS.B,
28.98%,
11/17/24
.
430
441
991082307.UG.FTS.B,
28.98%,
11/17/24
.
81
83
991102484.UG.FTS.B,
28.98%,
11/17/24
.
554
568
991104333.UG.FTS.B,
28.98%,
11/17/24
.
601
611
991117177.UG.FTS.B,
28.98%,
11/17/24
..
372
378
991120282.UG.FTS.B,
28.98%,
11/17/24
.
275
282
991137204.UG.FTS.B,
28.98%,
11/17/24
.
257
260
991138661.UG.FTS.B,
28.98%,
11/17/24
.
171
172
991147163.UG.FTS.B,
28.98%,
11/17/24
.
65
66
991253944.UG.FTS.B,
28.98%,
11/17/24
.
60
60
991257818.UG.FTS.B,
28.98%,
11/17/24
.
161
163
991064180.UG.FTS.B,
29.49%,
11/17/24
.
327
334
991064475.UG.FTS.B,
29.49%,
11/17/24
.
299
311
991064822.UG.FTS.B,
29.49%,
11/17/24
.
117
120
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991064865.UG.FTS.B,
29.49%,
11/17/24
.
$
133
$
138
991067941.UG.FTS.B,
29.49%,
11/17/24
.
102
103
991070165.UG.FTS.B,
29.49%,
11/17/24
.
208
210
991071435.UG.FTS.B,
29.49%,
11/17/24
.
257
264
991076785.UG.FTS.B,
29.49%,
11/17/24
.
218
218
991077041.UG.FTS.B,
29.49%,
11/17/24
.
863
880
991081268.UG.FTS.B,
29.49%,
11/17/24
.
97
100
991081304.UG.FTS.B,
29.49%,
11/17/24
.
193
196
991083068.UG.FTS.B,
29.49%,
11/17/24
.
250
258
991085325.UG.FTS.B,
29.49%,
11/17/24
.
300
98
991090724.UG.FTS.B,
29.49%,
11/17/24
.
1,058
1,058
991091518.UG.FTS.B,
29.49%,
11/17/24
.
157
21
991097714.UG.FTS.B,
29.49%,
11/17/24
.
139
142
991123383.UG.FTS.B,
29.49%,
11/17/24
.
230
239
991125316.UG.FTS.B,
29.49%,
11/17/24
.
874
225
991128494.UG.FTS.B,
29.49%,
11/17/24
.
218
221
991136525.UG.FTS.B,
29.49%,
11/17/24
.
16
15
991152635.UG.FTS.B,
29.49%,
11/17/24
.
459
469
991155141.UG.FTS.B,
29.49%,
11/17/24
.
202
203
991155329.UG.FTS.B,
29.49%,
11/17/24
.
91
91
991237364.UG.FTS.B,
29.49%,
11/17/24
.
157
21
991242720.UG.FTS.B,
29.49%,
11/17/24
.
151
10
991260308.UG.FTS.B,
29.49%,
11/17/24
.
95
97
991269461.UG.FTS.B,
29.49%,
11/17/24
.
634
159
991275005.UG.FTS.B,
29.49%,
11/17/24
.
581
594
991104120.UG.FTS.B,
Zero
Cpn,
11/18/24
633
44
991175320.UG.FTS.B,
Zero
Cpn,
11/18/24
95
6
991085150.UG.FTS.B,
18.97%,
11/18/24
.
331
25
991076070.UG.FTS.B,
19.21%,
11/18/24
.
363
363
991096721.UG.FTS.B,
19.21%,
11/18/24
.
193
194
991144974.UG.FTS.B,
19.21%,
11/18/24
.
167
168
991236091.UG.FTS.B,
19.21%,
11/18/24
.
60
60
991076327.UG.FTS.B,
19.8%,
11/18/24
..
556
559
991231361.UG.FTS.B,
19.8%,
11/18/24
..
95
95
991238529.UG.FTS.B,
19.8%,
11/18/24
..
1,699
1,677
991271638.UG.FTS.B,
19.8%,
11/18/24
..
91
11
991068853.UG.FTS.B,
19.99%,
11/18/24
.
128
128
991121705.UG.FTS.B,
20.46%,
11/18/24
.
267
268
991253040.UG.FTS.B,
20.46%,
11/18/24
.
158
159
991081741.UG.FTS.B,
20.97%,
11/18/24
.
228
228
991099861.UG.FTS.B,
20.97%,
11/18/24
.
193
195
991105387.UG.FTS.B,
20.97%,
11/18/24
.
438
439
991187853.UG.FTS.B,
20.97%,
11/18/24
.
120
120
991076711.UG.FTS.B,
21.46%,
11/18/24
.
422
425
991080037.UG.FTS.B,
21.46%,
11/18/24
.
397
396
991148797.UG.FTS.B,
21.46%,
11/18/24
.
392
394
991241045.UG.FTS.B,
21.46%,
11/18/24
.
34
34
991131564.UG.FTS.B,
21.98%,
11/18/24
.
563
567
991134666.UG.FTS.B,
21.98%,
11/18/24
.
528
531
991154395.UG.FTS.B,
21.98%,
11/18/24
.
237
233
991070388.UG.FTS.B,
23.95%,
11/18/24
.
139
139
991164077.UG.FTS.B,
23.95%,
11/18/24
.
53
53
991142510.UG.FTS.B,
25.94%,
11/18/24
.
281
283
991069413.UG.FTS.B,
25.95%,
11/18/24
.
153
154
991253923.UG.FTS.B,
25.95%,
11/18/24
.
257
257
991069054.UG.FTS.B,
26.94%,
11/18/24
.
563
43
991257896.UG.FTS.B,
26.94%,
11/18/24
.
496
495
991070331.UG.FTS.B,
28.98%,
11/18/24
.
138
140
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
228
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991070598.UG.FTS.B,
28.98%,
11/18/24
.
$
675
$
683
991071737.UG.FTS.B,
28.98%,
11/18/24
.
325
334
991085878.UG.FTS.B,
28.98%,
11/18/24
.
159
163
991091599.UG.FTS.B,
28.98%,
11/18/24
.
117
120
991092153.UG.FTS.B,
28.98%,
11/18/24
.
92
92
991097338.UG.FTS.B,
28.98%,
11/18/24
.
67
69
991104647.UG.FTS.B,
28.98%,
11/18/24
.
379
386
991113097.UG.FTS.B,
28.98%,
11/18/24
..
141
144
991115818.UG.FTS.B,
28.98%,
11/18/24
..
61
61
991117034.UG.FTS.B,
28.98%,
11/18/24
..
397
408
991121961.UG.FTS.B,
28.98%,
11/18/24
.
9
9
991138076.UG.FTS.B,
28.98%,
11/18/24
.
373
378
991148076.UG.FTS.B,
28.98%,
11/18/24
.
137
140
991225745.UG.FTS.B,
28.98%,
11/18/24
.
137
9
991233679.UG.FTS.B,
28.98%,
11/18/24
.
227
230
991248335.UG.FTS.B,
28.98%,
11/18/24
.
82
83
991248592.UG.FTS.B,
28.98%,
11/18/24
.
80
81
991249319.UG.FTS.B,
28.98%,
11/18/24
.
52
7
991255587.UG.FTS.B,
28.98%,
11/18/24
.
335
340
991256863.UG.FTS.B,
28.98%,
11/18/24
.
104
106
991259091.UG.FTS.B,
28.98%,
11/18/24
.
251
255
991265478.UG.FTS.B,
28.98%,
11/18/24
.
198
202
991266829.UG.FTS.B,
28.98%,
11/18/24
.
1,369
1,394
991266958.UG.FTS.B,
28.98%,
11/18/24
.
162
165
991274554.UG.FTS.B,
28.98%,
11/18/24
.
418
425
991275662.UG.FTS.B,
28.98%,
11/18/24
.
516
515
991285759.UG.FTS.B,
28.98%,
11/18/24
.
375
25
991070037.UG.FTS.B,
29.49%,
11/18/24
.
57
57
991071642.UG.FTS.B,
29.49%,
11/18/24
.
62
65
991079864.UG.FTS.B,
29.49%,
11/18/24
.
358
359
991081828.UG.FTS.B,
29.49%,
11/18/24
.
329
331
991083550.UG.FTS.B,
29.49%,
11/18/24
.
409
425
991086378.UG.FTS.B,
29.49%,
11/18/24
.
134
138
991092822.UG.FTS.B,
29.49%,
11/18/24
.
58
58
991092908.UG.FTS.B,
29.49%,
11/18/24
.
1,069
1,105
991094588.UG.FTS.B,
29.49%,
11/18/24
.
417
429
991095845.UG.FTS.B,
29.49%,
11/18/24
.
51
11
991103237.UG.FTS.B,
29.49%,
11/18/24
.
–
–
991113925.UG.FTS.B,
29.49%,
11/18/24
..
181
182
991123315.UG.FTS.B,
29.49%,
11/18/24
.
176
181
991123768.UG.FTS.B,
29.49%,
11/18/24
.
98
101
991136853.UG.FTS.B,
29.49%,
11/18/24
.
321
327
991138306.UG.FTS.B,
29.49%,
11/18/24
.
191
196
991149128.UG.FTS.B,
29.49%,
11/18/24
.
243
243
991160678.UG.FTS.B,
29.49%,
11/18/24
.
150
152
991162312.UG.FTS.B,
29.49%,
11/18/24
.
153
38
991175491.UG.FTS.B,
29.49%,
11/18/24
.
57
56
991190143.UG.FTS.B,
29.49%,
11/18/24
.
67
68
991195198.UG.FTS.B,
29.49%,
11/18/24
.
153
10
991204138.UG.FTS.B,
29.49%,
11/18/24
.
–
–
991204250.UG.FTS.B,
29.49%,
11/18/24
.
204
208
991222559.UG.FTS.B,
29.49%,
11/18/24
.
173
176
991233241.UG.FTS.B,
29.49%,
11/18/24
.
150
154
991236920.UG.FTS.B,
29.49%,
11/18/24
.
132
134
991242160.UG.FTS.B,
29.49%,
11/18/24
.
296
304
991250623.UG.FTS.B,
29.49%,
11/18/24
.
109
112
991253050.UG.FTS.B,
29.49%,
11/18/24
.
174
178
991261895.UG.FTS.B,
29.49%,
11/18/24
.
95
97
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991270949.UG.FTS.B,
29.49%,
11/18/24
.
$
58
$
60
991273989.UG.FTS.B,
29.49%,
11/18/24
.
830
847
991274008.UG.FTS.B,
29.49%,
11/18/24
.
–
–
991285349.UG.FTS.B,
29.49%,
11/18/24
.
87
90
991286648.UG.FTS.B,
29.49%,
11/18/24
.
132
133
991077809.UG.FTS.B,
Zero
Cpn,
11/19/24
2,378
164
991136717.UG.FTS.B,
Zero
Cpn,
11/19/24
1,028
70
991137718.UG.FTS.B,
Zero
Cpn,
11/19/24
215
15
991141961.UG.FTS.B,
Zero
Cpn,
11/19/24
1,141
77
991146347.UG.FTS.B,
Zero
Cpn,
11/19/24
299
21
991188417.UG.FTS.B,
Zero
Cpn,
11/19/24
83
6
991225627.UG.FTS.B,
Zero
Cpn,
11/19/24
201
14
991110204.UG.FTS.B,
18.97%,
11/19/24
..
481
481
991126405.UG.FTS.B,
18.97%,
11/19/24
.
344
346
991204031.UG.FTS.B,
18.97%,
11/19/24
.
341
(1)
991224732.UG.FTS.B,
18.97%,
11/19/24
.
1,024
1,029
991266466.UG.FTS.B,
18.97%,
11/19/24
.
513
513
991086533.UG.FTS.B,
19.21%,
11/19/24
.
232
232
991088805.UG.FTS.B,
19.21%,
11/19/24
.
247
247
991150918.UG.FTS.B,
19.21%,
11/19/24
.
306
308
991183100.UG.FTS.B,
19.21%,
11/19/24
.
95
96
991266696.UG.FTS.B,
19.21%,
11/19/24
.
282
282
991079478.UG.FTS.B,
19.8%,
11/19/24
..
265
12
991081336.UG.FTS.B,
19.8%,
11/19/24
..
227
228
991098979.UG.FTS.B,
19.8%,
11/19/24
..
400
402
991120579.UG.FTS.B,
19.8%,
11/19/24
..
328
15
991130913.UG.FTS.B,
19.8%,
11/19/24
..
393
392
991224491.UG.FTS.B,
19.8%,
11/19/24
..
413
416
991266414.UG.FTS.B,
19.8%,
11/19/24
..
281
281
991077647.UG.FTS.B,
19.99%,
11/19/24
.
123
127
991081249.UG.FTS.B,
19.99%,
11/19/24
.
86
88
991087313.UG.FTS.B,
19.99%,
11/19/24
.
1,309
1,344
991105555.UG.FTS.B,
19.99%,
11/19/24
.
182
23
991126671.UG.FTS.B,
19.99%,
11/19/24
.
71
73
991132221.UG.FTS.B,
19.99%,
11/19/24
.
827
849
991139749.UG.FTS.B,
19.99%,
11/19/24
.
49
49
991141300.UG.FTS.B,
19.99%,
11/19/24
.
247
247
991188678.UG.FTS.B,
19.99%,
11/19/24
.
259
266
991192150.UG.FTS.B,
19.99%,
11/19/24
.
5
5
991085469.UG.FTS.B,
20.46%,
11/19/24
.
1,670
1,673
991090200.UG.FTS.B,
20.46%,
11/19/24
.
19
19
991102726.UG.FTS.B,
20.46%,
11/19/24
.
245
246
991109524.UG.FTS.B,
20.46%,
11/19/24
.
24
24
991247033.UG.FTS.B,
20.46%,
11/19/24
.
514
514
991263847.UG.FTS.B,
20.46%,
11/19/24
.
33
33
991086163.UG.FTS.B,
20.97%,
11/19/24
.
983
124
991087156.UG.FTS.B,
20.97%,
11/19/24
.
896
902
991183459.UG.FTS.B,
20.97%,
11/19/24
.
523
527
991084979.UG.FTS.B,
21.46%,
11/19/24
.
123
124
991092934.UG.FTS.B,
21.46%,
11/19/24
.
458
33
991100598.UG.FTS.B,
21.46%,
11/19/24
.
27
27
991106686.UG.FTS.B,
21.46%,
11/19/24
.
76
76
991268376.UG.FTS.B,
21.46%,
11/19/24
.
270
20
991084861.UG.FTS.B,
21.97%,
11/19/24
.
40
–
991115744.UG.FTS.B,
21.97%,
11/19/24
..
130
130
991078051.UG.FTS.B,
21.98%,
11/19/24
.
228
230
991105577.UG.FTS.B,
21.98%,
11/19/24
.
124
(1)
991129402.UG.FTS.B,
21.98%,
11/19/24
.
370
372
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
229
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991204148.UG.FTS.B,
21.98%,
11/19/24
.
$
93
$
93
991079026.UG.FTS.B,
22.97%,
11/19/24
.
675
678
991236066.UG.FTS.B,
22.97%,
11/19/24
.
119
119
991078332.UG.FTS.B,
25.95%,
11/19/24
.
195
194
991096749.UG.FTS.B,
27.99%,
11/19/24
.
7
7
991135675.UG.FTS.B,
27.99%,
11/19/24
.
511
71
991241992.UG.FTS.B,
27.99%,
11/19/24
.
10
10
991283925.UG.FTS.B,
27.99%,
11/19/24
.
387
53
991078717.UG.FTS.B,
28.98%,
11/19/24
.
1,421
1,448
991079074.UG.FTS.B,
28.98%,
11/19/24
.
430
441
991079330.UG.FTS.B,
28.98%,
11/19/24
.
286
292
991079346.UG.FTS.B,
28.98%,
11/19/24
.
54
54
991079861.UG.FTS.B,
28.98%,
11/19/24
.
120
119
991080093.UG.FTS.B,
28.98%,
11/19/24
.
79
81
991080486.UG.FTS.B,
28.98%,
11/19/24
.
64
9
991080857.UG.FTS.B,
28.98%,
11/19/24
.
3,075
3,157
991081123.UG.FTS.B,
28.98%,
11/19/24
.
559
574
991082502.UG.FTS.B,
28.98%,
11/19/24
.
224
229
991084445.UG.FTS.B,
28.98%,
11/19/24
.
191
192
991086365.UG.FTS.B,
28.98%,
11/19/24
.
33
33
991087646.UG.FTS.B,
28.98%,
11/19/24
.
188
189
991089448.UG.FTS.B,
28.98%,
11/19/24
.
313
321
991091771.UG.FTS.B,
28.98%,
11/19/24
.
19
19
991092094.UG.FTS.B,
28.98%,
11/19/24
.
864
887
991093210.UG.FTS.B,
28.98%,
11/19/24
.
112
115
991094159.UG.FTS.B,
28.98%,
11/19/24
.
159
160
991096255.UG.FTS.B,
28.98%,
11/19/24
.
367
376
991096689.UG.FTS.B,
28.98%,
11/19/24
.
–
–
991097697.UG.FTS.B,
28.98%,
11/19/24
.
117
118
991097773.UG.FTS.B,
28.98%,
11/19/24
.
233
239
991097893.UG.FTS.B,
28.98%,
11/19/24
.
207
208
991101044.UG.FTS.B,
28.98%,
11/19/24
.
177
182
991101178.UG.FTS.B,
28.98%,
11/19/24
..
108
111
991102831.UG.FTS.B,
28.98%,
11/19/24
.
307
314
991103262.UG.FTS.B,
28.98%,
11/19/24
.
251
256
991103976.UG.FTS.B,
28.98%,
11/19/24
.
525
539
991104468.UG.FTS.B,
28.98%,
11/19/24
.
2,546
2,611
991105346.UG.FTS.B,
28.98%,
11/19/24
.
157
158
991106293.UG.FTS.B,
28.98%,
11/19/24
.
185
190
991107342.UG.FTS.B,
28.98%,
11/19/24
.
154
157
991107864.UG.FTS.B,
28.98%,
11/19/24
.
127
128
991108611.UG.FTS.B,
28.98%,
11/19/24
..
120
122
991108896.UG.FTS.B,
28.98%,
11/19/24
.
222
225
991110326.UG.FTS.B,
28.98%,
11/19/24
..
1,188
1,213
991110570.UG.FTS.B,
28.98%,
11/19/24
..
96
99
991111890.UG.FTS.B,
28.98%,
11/19/24
..
73
75
991113138.UG.FTS.B,
28.98%,
11/19/24
..
41
41
991113372.UG.FTS.B,
28.98%,
11/19/24
..
280
287
991114496.UG.FTS.B,
28.98%,
11/19/24
..
94
96
991114522.UG.FTS.B,
28.98%,
11/19/24
..
327
335
991114717.UG.FTS.B,
28.98%,
11/19/24
..
88
89
991114743.UG.FTS.B,
28.98%,
11/19/24
..
60
9
991115278.UG.FTS.B,
28.98%,
11/19/24
..
463
469
991117632.UG.FTS.B,
28.98%,
11/19/24
..
717
720
991118407.UG.FTS.B,
28.98%,
11/19/24
..
171
172
991119502.UG.FTS.B,
28.98%,
11/19/24
..
556
571
991119530.UG.FTS.B,
28.98%,
11/19/24
..
313
317
991121740.UG.FTS.B,
28.98%,
11/19/24
.
102
104
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991122095.UG.FTS.B,
28.98%,
11/19/24
.
$
247
$
251
991124198.UG.FTS.B,
28.98%,
11/19/24
.
285
73
991125441.UG.FTS.B,
28.98%,
11/19/24
.
590
606
991127107.UG.FTS.B,
28.98%,
11/19/24
.
166
170
991129484.UG.FTS.B,
28.98%,
11/19/24
.
19
19
991132767.UG.FTS.B,
28.98%,
11/19/24
.
97
98
991132858.UG.FTS.B,
28.98%,
11/19/24
.
54
55
991132991.UG.FTS.B,
28.98%,
11/19/24
.
140
143
991134220.UG.FTS.B,
28.98%,
11/19/24
.
111
114
991135049.UG.FTS.B,
28.98%,
11/19/24
.
86
88
991138625.UG.FTS.B,
28.98%,
11/19/24
.
564
578
991139458.UG.FTS.B,
28.98%,
11/19/24
.
156
160
991140740.UG.FTS.B,
28.98%,
11/19/24
.
161
161
991140959.UG.FTS.B,
28.98%,
11/19/24
.
481
487
991141321.UG.FTS.B,
28.98%,
11/19/24
.
169
173
991144190.UG.FTS.B,
28.98%,
11/19/24
.
317
326
991144684.UG.FTS.B,
28.98%,
11/19/24
.
246
252
991148491.UG.FTS.B,
28.98%,
11/19/24
.
443
455
991149756.UG.FTS.B,
28.98%,
11/19/24
.
–
–
991150543.UG.FTS.B,
28.98%,
11/19/24
.
295
302
991160191.UG.FTS.B,
28.98%,
11/19/24
.
79
81
991161065.UG.FTS.B,
28.98%,
11/19/24
.
465
471
991161863.UG.FTS.B,
28.98%,
11/19/24
.
35
35
991164721.UG.FTS.B,
28.98%,
11/19/24
.
67
67
991166387.UG.FTS.B,
28.98%,
11/19/24
.
62
64
991173637.UG.FTS.B,
28.98%,
11/19/24
.
44
45
991176399.UG.FTS.B,
28.98%,
11/19/24
.
220
226
991180832.UG.FTS.B,
28.98%,
11/19/24
.
78
80
991181040.UG.FTS.B,
28.98%,
11/19/24
.
788
807
991183616.UG.FTS.B,
28.98%,
11/19/24
.
436
444
991185484.UG.FTS.B,
28.98%,
11/19/24
.
72
73
991187172.UG.FTS.B,
28.98%,
11/19/24
.
10
10
991195204.UG.FTS.B,
28.98%,
11/19/24
.
56
56
991200084.UG.FTS.B,
28.98%,
11/19/24
.
87
87
991211917.UG.FTS.B,
28.98%,
11/19/24
.
19
19
991212005.UG.FTS.B,
28.98%,
11/19/24
.
56
57
991213383.UG.FTS.B,
28.98%,
11/19/24
.
77
78
991213749.UG.FTS.B,
28.98%,
11/19/24
.
60
61
991215309.UG.FTS.B,
28.98%,
11/19/24
.
119
122
991218732.UG.FTS.B,
28.98%,
11/19/24
.
106
108
991222252.UG.FTS.B,
28.98%,
11/19/24
.
34
34
991222930.UG.FTS.B,
28.98%,
11/19/24
.
189
194
991224492.UG.FTS.B,
28.98%,
11/19/24
.
825
840
991225580.UG.FTS.B,
28.98%,
11/19/24
.
49
50
991245677.UG.FTS.B,
28.98%,
11/19/24
.
72
73
991247374.UG.FTS.B,
28.98%,
11/19/24
.
788
(31)
991259402.UG.FTS.B,
28.98%,
11/19/24
.
71
72
991260584.UG.FTS.B,
28.98%,
11/19/24
.
657
669
991264197.UG.FTS.B,
28.98%,
11/19/24
.
81
82
991265366.UG.FTS.B,
28.98%,
11/19/24
.
34
34
991267944.UG.FTS.B,
28.98%,
11/19/24
.
30
30
991267970.UG.FTS.B,
28.98%,
11/19/24
.
164
167
991269614.UG.FTS.B,
28.98%,
11/19/24
.
327
333
991270128.UG.FTS.B,
28.98%,
11/19/24
.
57
58
991272220.UG.FTS.B,
28.98%,
11/19/24
.
149
152
991274553.UG.FTS.B,
28.98%,
11/19/24
.
117
119
991276025.UG.FTS.B,
28.98%,
11/19/24
.
34
34
991276906.UG.FTS.B,
28.98%,
11/19/24
.
205
209
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
230
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991285040.UG.FTS.B,
28.98%,
11/19/24
.
$
84
$
86
991285978.UG.FTS.B,
28.98%,
11/19/24
.
227
231
991288892.UG.FTS.B,
28.98%,
11/19/24
.
81
81
991291090.UG.FTS.B,
28.98%,
11/19/24
.
106
108
991079459.UG.FTS.B,
29.49%,
11/19/24
.
622
643
991079567.UG.FTS.B,
29.49%,
11/19/24
.
98
101
991080090.UG.FTS.B,
29.49%,
11/19/24
.
4
4
991080172.UG.FTS.B,
29.49%,
11/19/24
.
81
82
991080329.UG.FTS.B,
29.49%,
11/19/24
.
105
107
991080785.UG.FTS.B,
29.49%,
11/19/24
.
279
283
991081477.UG.FTS.B,
29.49%,
11/19/24
.
125
17
991083864.UG.FTS.B,
29.49%,
11/19/24
.
11
11
991083975.UG.FTS.B,
29.49%,
11/19/24
.
119
120
991084120.UG.FTS.B,
29.49%,
11/19/24
.
367
373
991085401.UG.FTS.B,
29.49%,
11/19/24
.
75
10
991086865.UG.FTS.B,
29.49%,
11/19/24
.
100
103
991088485.UG.FTS.B,
29.49%,
11/19/24
.
92
13
991088510.UG.FTS.B,
29.49%,
11/19/24
.
196
202
991091761.UG.FTS.B,
29.49%,
11/19/24
.
177
182
991091799.UG.FTS.B,
29.49%,
11/19/24
.
64
66
991096428.UG.FTS.B,
29.49%,
11/19/24
.
235
241
991096952.UG.FTS.B,
29.49%,
11/19/24
.
72
74
991098909.UG.FTS.B,
29.49%,
11/19/24
.
540
557
991099687.UG.FTS.B,
29.49%,
11/19/24
.
509
515
991100113.UG.FTS.B,
29.49%,
11/19/24
..
112
115
991100252.UG.FTS.B,
29.49%,
11/19/24
.
64
64
991100307.UG.FTS.B,
29.49%,
11/19/24
.
24
24
991102829.UG.FTS.B,
29.49%,
11/19/24
.
119
118
991103770.UG.FTS.B,
29.49%,
11/19/24
.
105
107
991103901.UG.FTS.B,
29.49%,
11/19/24
.
302
311
991104178.UG.FTS.B,
29.49%,
11/19/24
.
1,308
1,344
991104280.UG.FTS.B,
29.49%,
11/19/24
.
124
127
991104410.UG.FTS.B,
29.49%,
11/19/24
.
725
741
991106337.UG.FTS.B,
29.49%,
11/19/24
.
153
159
991106684.UG.FTS.B,
29.49%,
11/19/24
.
151
156
991109379.UG.FTS.B,
29.49%,
11/19/24
.
46
46
991109457.UG.FTS.B,
29.49%,
11/19/24
.
251
260
991109475.UG.FTS.B,
29.49%,
11/19/24
.
127
131
991109638.UG.FTS.B,
29.49%,
11/19/24
.
144
20
991110529.UG.FTS.B,
29.49%,
11/19/24
..
188
194
991111418.UG.FTS.B,
29.49%,
11/19/24
..
424
428
991113882.UG.FTS.B,
29.49%,
11/19/24
..
235
32
991114314.UG.FTS.B,
29.49%,
11/19/24
..
318
327
991114749.UG.FTS.B,
29.49%,
11/19/24
..
302
308
991121861.UG.FTS.B,
29.49%,
11/19/24
.
102
103
991122169.UG.FTS.B,
29.49%,
11/19/24
.
28
5
991122950.UG.FTS.B,
29.49%,
11/19/24
.
1,202
170
991125628.UG.FTS.B,
29.49%,
11/19/24
.
748
776
991128207.UG.FTS.B,
29.49%,
11/19/24
.
1,393
1,448
991128304.UG.FTS.B,
29.49%,
11/19/24
.
160
165
991128682.UG.FTS.B,
29.49%,
11/19/24
.
390
394
991130441.UG.FTS.B,
29.49%,
11/19/24
.
104
108
991133962.UG.FTS.B,
29.49%,
11/19/24
.
66
68
991138434.UG.FTS.B,
29.49%,
11/19/24
.
192
194
991139198.UG.FTS.B,
29.49%,
11/19/24
.
299
309
991139453.UG.FTS.B,
29.49%,
11/19/24
.
408
420
991145578.UG.FTS.B,
29.49%,
11/19/24
.
16
16
991146154.UG.FTS.B,
29.49%,
11/19/24
.
297
301
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991148151.UG.FTS.B,
29.49%,
11/19/24
.
$
69
$
71
991149232.UG.FTS.B,
29.49%,
11/19/24
.
390
399
991149969.UG.FTS.B,
29.49%,
11/19/24
.
154
154
991153991.UG.FTS.B,
29.49%,
11/19/24
.
101
105
991154641.UG.FTS.B,
29.49%,
11/19/24
.
224
231
991156120.UG.FTS.B,
29.49%,
11/19/24
.
136
140
991157117.UG.FTS.B,
29.49%,
11/19/24
..
161
165
991167820.UG.FTS.B,
29.49%,
11/19/24
.
230
236
991169345.UG.FTS.B,
29.49%,
11/19/24
.
183
25
991170256.UG.FTS.B,
29.49%,
11/19/24
.
111
114
991176843.UG.FTS.B,
29.49%,
11/19/24
.
1,251
1,262
991178061.UG.FTS.B,
29.49%,
11/19/24
.
208
214
991182291.UG.FTS.B,
29.49%,
11/19/24
.
348
359
991186425.UG.FTS.B,
29.49%,
11/19/24
.
172
175
991188709.UG.FTS.B,
29.49%,
11/19/24
.
174
180
991191696.UG.FTS.B,
29.49%,
11/19/24
.
243
250
991191984.UG.FTS.B,
29.49%,
11/19/24
.
71
72
991193402.UG.FTS.B,
29.49%,
11/19/24
.
39
39
991206154.UG.FTS.B,
29.49%,
11/19/24
.
41
41
991211016.UG.FTS.B,
29.49%,
11/19/24
.
157
162
991211138.UG.FTS.B,
29.49%,
11/19/24
..
174
(7)
991221999.UG.FTS.B,
29.49%,
11/19/24
.
31
31
991227057.UG.FTS.B,
29.49%,
11/19/24
.
18
18
991229419.UG.FTS.B,
29.49%,
11/19/24
.
414
422
991239313.UG.FTS.B,
29.49%,
11/19/24
.
175
180
991242660.UG.FTS.B,
29.49%,
11/19/24
.
378
385
991242783.UG.FTS.B,
29.49%,
11/19/24
.
280
285
991247672.UG.FTS.B,
29.49%,
11/19/24
.
67
69
991254871.UG.FTS.B,
29.49%,
11/19/24
.
70
5
991256783.UG.FTS.B,
29.49%,
11/19/24
.
62
48
991258723.UG.FTS.B,
29.49%,
11/19/24
.
108
110
991259761.UG.FTS.B,
29.49%,
11/19/24
.
135
137
991259944.UG.FTS.B,
29.49%,
11/19/24
.
72
73
991260193.UG.FTS.B,
29.49%,
11/19/24
.
18
18
991260828.UG.FTS.B,
29.49%,
11/19/24
.
39
(1)
991261749.UG.FTS.B,
29.49%,
11/19/24
.
113
116
991267836.UG.FTS.B,
29.49%,
11/19/24
.
110
113
991268203.UG.FTS.B,
29.49%,
11/19/24
.
247
253
991268346.UG.FTS.B,
29.49%,
11/19/24
.
91
92
991269656.UG.FTS.B,
29.49%,
11/19/24
.
35
35
991275971.UG.FTS.B,
29.49%,
11/19/24
.
681
693
991277369.UG.FTS.B,
29.49%,
11/19/24
.
926
939
991278085.UG.FTS.B,
29.49%,
11/19/24
.
438
450
991278573.UG.FTS.B,
29.49%,
11/19/24
.
305
21
991280490.UG.FTS.B,
29.49%,
11/19/24
.
103
13
991285961.UG.FTS.B,
29.49%,
11/19/24
.
238
32
991083736.UG.FTS.B,
Zero
Cpn,
11/20/24
–
–
991177149.UG.FTS.B,
Zero
Cpn,
11/20/24
2,287
156
991179415.UG.FTS.B,
Zero
Cpn,
11/20/24
630
43
991202534.UG.FTS.B,
Zero
Cpn,
11/20/24
408
28
991239336.UG.FTS.B,
Zero
Cpn,
11/20/24
274
19
991262519.UG.FTS.B,
Zero
Cpn,
11/20/24
129
9
991268904.UG.FTS.B,
Zero
Cpn,
11/20/24
1,830
124
991086006.UG.FTS.B,
18.97%,
11/20/24
.
498
501
991109789.UG.FTS.B,
18.97%,
11/20/24
.
160
161
991131248.UG.FTS.B,
18.97%,
11/20/24
.
231
232
991212667.UG.FTS.B,
18.97%,
11/20/24
.
947
949
991243987.UG.FTS.B,
18.97%,
11/20/24
.
4,548
547
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
231
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991277364.UG.FTS.B,
18.97%,
11/20/24
.
$
1,282
$
1,282
991168973.UG.FTS.B,
19.21%,
11/20/24
.
168
168
991204096.UG.FTS.B,
19.8%,
11/20/24
..
166
166
991204791.UG.FTS.B,
19.8%,
11/20/24
..
93
94
991212992.UG.FTS.B,
19.8%,
11/20/24
..
15
15
991267411.UG.FTS.B,
19.8%,
11/20/24
..
166
166
991102000.UG.FTS.B,
19.99%,
11/20/24
.
288
296
991105915.UG.FTS.B,
19.99%,
11/20/24
.
131
134
991108309.UG.FTS.B,
19.99%,
11/20/24
.
194
195
991108487.UG.FTS.B,
19.99%,
11/20/24
.
239
244
991112938.UG.FTS.B,
19.99%,
11/20/24
..
106
107
991158306.UG.FTS.B,
19.99%,
11/20/24
.
209
16
991171504.UG.FTS.B,
19.99%,
11/20/24
.
259
260
991175975.UG.FTS.B,
19.99%,
11/20/24
.
109
111
991181647.UG.FTS.B,
19.99%,
11/20/24
.
69
70
991188505.UG.FTS.B,
19.99%,
11/20/24
.
131
134
991210688.UG.FTS.B,
19.99%,
11/20/24
.
55
56
991218218.UG.FTS.B,
19.99%,
11/20/24
.
570
73
991223074.UG.FTS.B,
19.99%,
11/20/24
.
28
4
991235625.UG.FTS.B,
19.99%,
11/20/24
.
25
25
991237192.UG.FTS.B,
19.99%,
11/20/24
.
898
915
991263955.UG.FTS.B,
19.99%,
11/20/24
.
72
73
991084611.UG.FTS.B,
20.46%,
11/20/24
.
445
447
991085501.UG.FTS.B,
20.46%,
11/20/24
.
686
690
991100911.UG.FTS.B,
20.46%,
11/20/24
..
306
308
991102814.UG.FTS.B,
20.46%,
11/20/24
.
154
155
991112817.UG.FTS.B,
20.46%,
11/20/24
..
2,481
206
991125492.UG.FTS.B,
20.46%,
11/20/24
.
125
125
991160910.UG.FTS.B,
20.46%,
11/20/24
.
77
77
991204576.UG.FTS.B,
20.46%,
11/20/24
.
130
131
991086619.UG.FTS.B,
20.97%,
11/20/24
.
2,847
2,848
991171843.UG.FTS.B,
20.97%,
11/20/24
.
88
87
991085535.UG.FTS.B,
21.46%,
11/20/24
.
118
118
991133819.UG.FTS.B,
21.46%,
11/20/24
.
96
97
991200919.UG.FTS.B,
21.46%,
11/20/24
.
81
80
991215411.UG.FTS.B,
21.46%,
11/20/24
.
288
290
991261262.UG.FTS.B,
21.46%,
11/20/24
.
23
23
991152530.UG.FTS.B,
22.97%,
11/20/24
.
32
31
991173310.UG.FTS.B,
22.97%,
11/20/24
.
62
62
991151893.UG.FTS.B,
23.95%,
11/20/24
.
426
421
991089655.UG.FTS.B,
25.94%,
11/20/24
.
138
19
991128669.UG.FTS.B,
26.94%,
11/20/24
.
85
85
991137301.UG.FTS.B,
27.99%,
11/20/24
.
122
123
991099607.UG.FTS.B,
28.98%,
11/20/24
.
340
349
991100214.UG.FTS.B,
28.98%,
11/20/24
.
132
135
991100430.UG.FTS.B,
28.98%,
11/20/24
.
–
–
991103833.UG.FTS.B,
28.98%,
11/20/24
.
142
142
991105295.UG.FTS.B,
28.98%,
11/20/24
.
674
684
991107307.UG.FTS.B,
28.98%,
11/20/24
.
76
78
991110958.UG.FTS.B,
28.98%,
11/20/24
..
49
50
991115050.UG.FTS.B,
28.98%,
11/20/24
..
163
166
991115150.UG.FTS.B,
28.98%,
11/20/24
..
154
158
991118039.UG.FTS.B,
28.98%,
11/20/24
..
9
9
991118707.UG.FTS.B,
28.98%,
11/20/24
..
103
103
991122709.UG.FTS.B,
28.98%,
11/20/24
.
111
114
991122834.UG.FTS.B,
28.98%,
11/20/24
.
102
105
991123392.UG.FTS.B,
28.98%,
11/20/24
.
171
173
991125422.UG.FTS.B,
28.98%,
11/20/24
.
801
822
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991126124.UG.FTS.B,
28.98%,
11/20/24
.
$
202
$
205
991126597.UG.FTS.B,
28.98%,
11/20/24
.
44
45
991126868.UG.FTS.B,
28.98%,
11/20/24
.
463
471
991128015.UG.FTS.B,
28.98%,
11/20/24
.
8
8
991130160.UG.FTS.B,
28.98%,
11/20/24
.
79
80
991130170.UG.FTS.B,
28.98%,
11/20/24
.
21
21
991133560.UG.FTS.B,
28.98%,
11/20/24
.
86
88
991133721.UG.FTS.B,
28.98%,
11/20/24
.
414
425
991136884.UG.FTS.B,
28.98%,
11/20/24
.
204
206
991137933.UG.FTS.B,
28.98%,
11/20/24
.
44
44
991139188.UG.FTS.B,
28.98%,
11/20/24
.
1,056
1,084
991140250.UG.FTS.B,
28.98%,
11/20/24
.
151
154
991144058.UG.FTS.B,
28.98%,
11/20/24
.
778
607
991145878.UG.FTS.B,
28.98%,
11/20/24
.
641
652
991147511.UG.FTS.B,
28.98%,
11/20/24
..
49
49
991150299.UG.FTS.B,
28.98%,
11/20/24
.
113
35
991150671.UG.FTS.B,
28.98%,
11/20/24
.
36
36
991151618.UG.FTS.B,
28.98%,
11/20/24
.
367
(20)
991156385.UG.FTS.B,
28.98%,
11/20/24
.
27
27
991159138.UG.FTS.B,
28.98%,
11/20/24
.
114
117
991159911.UG.FTS.B,
28.98%,
11/20/24
..
970
68
991160183.UG.FTS.B,
28.98%,
11/20/24
.
149
153
991163497.UG.FTS.B,
28.98%,
11/20/24
.
421
432
991170492.UG.FTS.B,
28.98%,
11/20/24
.
161
165
991179992.UG.FTS.B,
28.98%,
11/20/24
.
117
120
991187570.UG.FTS.B,
28.98%,
11/20/24
.
141
145
991190395.UG.FTS.B,
28.98%,
11/20/24
.
63
65
991194988.UG.FTS.B,
28.98%,
11/20/24
.
362
359
991196328.UG.FTS.B,
28.98%,
11/20/24
.
191
192
991198786.UG.FTS.B,
28.98%,
11/20/24
.
249
254
991199806.UG.FTS.B,
28.98%,
11/20/24
.
119
122
991203518.UG.FTS.B,
28.98%,
11/20/24
.
36
37
991204942.UG.FTS.B,
28.98%,
11/20/24
.
118
121
991212347.UG.FTS.B,
28.98%,
11/20/24
.
102
102
991217421.UG.FTS.B,
28.98%,
11/20/24
.
558
568
991226698.UG.FTS.B,
28.98%,
11/20/24
.
122
125
991232543.UG.FTS.B,
28.98%,
11/20/24
.
151
154
991247369.UG.FTS.B,
28.98%,
11/20/24
.
1,097
1,118
991263045.UG.FTS.B,
28.98%,
11/20/24
.
426
434
991267705.UG.FTS.B,
28.98%,
11/20/24
.
164
167
991268970.UG.FTS.B,
28.98%,
11/20/24
.
439
447
991272832.UG.FTS.B,
28.98%,
11/20/24
.
261
265
991276708.UG.FTS.B,
28.98%,
11/20/24
.
164
167
991280031.UG.FTS.B,
28.98%,
11/20/24
.
72
73
991283003.UG.FTS.B,
28.98%,
11/20/24
.
73
22
991297402.UG.FTS.B,
28.98%,
11/20/24
.
178
181
991298120.UG.FTS.B,
28.98%,
11/20/24
.
671
677
991098504.UG.FTS.B,
29.49%,
11/20/24
.
78
79
991098513.UG.FTS.B,
29.49%,
11/20/24
.
70
72
991099356.UG.FTS.B,
29.49%,
11/20/24
.
19
19
991100908.UG.FTS.B,
29.49%,
11/20/24
.
954
975
991104826.UG.FTS.B,
29.49%,
11/20/24
.
91
66
991106397.UG.FTS.B,
29.49%,
11/20/24
.
112
112
991107977.UG.FTS.B,
29.49%,
11/20/24
.
119
119
991108509.UG.FTS.B,
29.49%,
11/20/24
.
325
323
991109891.UG.FTS.B,
29.49%,
11/20/24
.
53
53
991110253.UG.FTS.B,
29.49%,
11/20/24
..
142
145
991110617.UG.FTS.B,
29.49%,
11/20/24
..
246
254
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
232
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991112071.UG.FTS.B,
29.49%,
11/20/24
..
$
248
$
255
991112167.UG.FTS.B,
29.49%,
11/20/24
..
57
58
991113693.UG.FTS.B,
29.49%,
11/20/24
..
127
131
991113695.UG.FTS.B,
29.49%,
11/20/24
..
179
180
991117048.UG.FTS.B,
29.49%,
11/20/24
..
107
110
991117581.UG.FTS.B,
29.49%,
11/20/24
..
361
368
991119330.UG.FTS.B,
29.49%,
11/20/24
..
420
432
991121518.UG.FTS.B,
29.49%,
11/20/24
.
142
(6)
991121991.UG.FTS.B,
29.49%,
11/20/24
.
220
(9)
991122096.UG.FTS.B,
29.49%,
11/20/24
.
89
92
991124909.UG.FTS.B,
29.49%,
11/20/24
.
49
49
991125322.UG.FTS.B,
29.49%,
11/20/24
.
149
154
991129659.UG.FTS.B,
29.49%,
11/20/24
.
140
141
991133485.UG.FTS.B,
29.49%,
11/20/24
.
76
76
991135949.UG.FTS.B,
29.49%,
11/20/24
.
12
12
991137387.UG.FTS.B,
29.49%,
11/20/24
.
224
(11)
991142389.UG.FTS.B,
29.49%,
11/20/24
.
667
685
991143761.UG.FTS.B,
29.49%,
11/20/24
.
12
12
991145294.UG.FTS.B,
29.49%,
11/20/24
.
81
83
991150600.UG.FTS.B,
29.49%,
11/20/24
.
828
841
991151418.UG.FTS.B,
29.49%,
11/20/24
.
117
120
991152603.UG.FTS.B,
29.49%,
11/20/24
.
159
164
991158327.UG.FTS.B,
29.49%,
11/20/24
.
53
53
991164566.UG.FTS.B,
29.49%,
11/20/24
.
150
153
991165138.UG.FTS.B,
29.49%,
11/20/24
.
133
137
991167362.UG.FTS.B,
29.49%,
11/20/24
.
333
343
991169205.UG.FTS.B,
29.49%,
11/20/24
.
1,668
1,706
991185527.UG.FTS.B,
29.49%,
11/20/24
.
1
1
991185927.UG.FTS.B,
29.49%,
11/20/24
.
89
91
991187953.UG.FTS.B,
29.49%,
11/20/24
.
29
30
991188097.UG.FTS.B,
29.49%,
11/20/24
.
40
40
991192873.UG.FTS.B,
29.49%,
11/20/24
.
35
36
991195573.UG.FTS.B,
29.49%,
11/20/24
.
222
230
991198370.UG.FTS.B,
29.49%,
11/20/24
.
183
185
991198394.UG.FTS.B,
29.49%,
11/20/24
.
396
407
991202228.UG.FTS.B,
29.49%,
11/20/24
.
134
138
991210088.UG.FTS.B,
29.49%,
11/20/24
.
416
421
991211764.UG.FTS.B,
29.49%,
11/20/24
.
56
58
991213437.UG.FTS.B,
29.49%,
11/20/24
.
65
67
991213653.UG.FTS.B,
29.49%,
11/20/24
.
304
310
991215595.UG.FTS.B,
29.49%,
11/20/24
.
332
345
991216973.UG.FTS.B,
29.49%,
11/20/24
.
421
430
991219254.UG.FTS.B,
29.49%,
11/20/24
.
54
55
991223479.UG.FTS.B,
29.49%,
11/20/24
.
192
189
991233581.UG.FTS.B,
29.49%,
11/20/24
.
46
46
991233863.UG.FTS.B,
29.49%,
11/20/24
.
1,481
1,516
991238431.UG.FTS.B,
29.49%,
11/20/24
.
841
861
991239349.UG.FTS.B,
29.49%,
11/20/24
.
191
198
991239830.UG.FTS.B,
29.49%,
11/20/24
.
495
505
991244043.UG.FTS.B,
29.49%,
11/20/24
.
40
40
991247212.UG.FTS.B,
29.49%,
11/20/24
.
217
222
991247313.UG.FTS.B,
29.49%,
11/20/24
.
144
146
991252193.UG.FTS.B,
29.49%,
11/20/24
.
33
33
991255946.UG.FTS.B,
29.49%,
11/20/24
.
66
68
991267259.UG.FTS.B,
29.49%,
11/20/24
.
99
101
991267347.UG.FTS.B,
29.49%,
11/20/24
.
157
160
991267709.UG.FTS.B,
29.49%,
11/20/24
.
156
158
991268841.UG.FTS.B,
29.49%,
11/20/24
.
69
70
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991269003.UG.FTS.B,
29.49%,
11/20/24
.
$
686
$
699
991270194.UG.FTS.B,
29.49%,
11/20/24
.
86
6
991271173.UG.FTS.B,
29.49%,
11/20/24
.
585
599
991279273.UG.FTS.B,
29.49%,
11/20/24
.
185
13
991297615.UG.FTS.B,
29.49%,
11/20/24
.
44
45
991299902.UG.FTS.B,
29.49%,
11/20/24
.
274
279
991101214.UG.FTS.B,
Zero
Cpn,
11/21/24
1,524
104
991232712.UG.FTS.B,
Zero
Cpn,
11/21/24
1,023
70
991278138.UG.FTS.B,
Zero
Cpn,
11/21/24
119
8
991149639.UG.FTS.B,
18.21%,
11/21/24
.
388
33
991093963.UG.FTS.B,
18.97%,
11/21/24
.
401
400
991128878.UG.FTS.B,
18.97%,
11/21/24
.
15
15
991224989.UG.FTS.B,
18.97%,
11/21/24
.
923
928
991143958.UG.FTS.B,
19.21%,
11/21/24
.
–
–
991254447.UG.FTS.B,
19.21%,
11/21/24
.
191
191
991141090.UG.FTS.B,
19.8%,
11/21/24
..
623
626
991144492.UG.FTS.B,
19.8%,
11/21/24
..
200
197
991198112.UG.FTS.B,
19.8%,
11/21/24
...
191
192
991101910.UG.FTS.B,
19.99%,
11/21/24
.
1,974
2,023
991110283.UG.FTS.B,
19.99%,
11/21/24
..
199
205
991117284.UG.FTS.B,
19.99%,
11/21/24
..
21
21
991129682.UG.FTS.B,
19.99%,
11/21/24
.
300
308
991174755.UG.FTS.B,
19.99%,
11/21/24
.
242
248
991233192.UG.FTS.B,
19.99%,
11/21/24
.
21
21
991141157.UG.FTS.B,
20.46%,
11/21/24
..
4,554
334
991091686.UG.FTS.B,
20.97%,
11/21/24
.
99
99
991177917.UG.FTS.B,
20.97%,
11/21/24
.
15
15
991092476.UG.FTS.B,
21.46%,
11/21/24
.
244
240
991109801.UG.FTS.B,
21.46%,
11/21/24
.
419
414
991224483.UG.FTS.B,
21.46%,
11/21/24
.
174
12
991135834.UG.FTS.B,
21.97%,
11/21/24
.
254
256
991206543.UG.FTS.B,
21.97%,
11/21/24
.
3,776
3,805
991097991.UG.FTS.B,
21.98%,
11/21/24
.
2,452
23
991109825.UG.FTS.B,
21.98%,
11/21/24
.
218
218
991114413.UG.FTS.B,
21.98%,
11/21/24
..
285
287
991205229.UG.FTS.B,
21.98%,
11/21/24
.
11
11
991207630.UG.FTS.B,
21.98%,
11/21/24
.
315
315
991235519.UG.FTS.B,
21.98%,
11/21/24
.
291
3
991267091.UG.FTS.B,
21.98%,
11/21/24
.
1,886
1,887
991156272.UG.FTS.B,
22.95%,
11/21/24
.
214
215
991104066.UG.FTS.B,
23.95%,
11/21/24
.
271
273
991091300.UG.FTS.B,
26.94%,
11/21/24
.
191
192
991098564.UG.FTS.B,
26.94%,
11/21/24
.
136
109
991128509.UG.FTS.B,
27.99%,
11/21/24
.
181
186
991098805.UG.FTS.B,
28.98%,
11/21/24
.
47
47
991099584.UG.FTS.B,
28.98%,
11/21/24
.
79
81
991100106.UG.FTS.B,
28.98%,
11/21/24
.
32
32
991100133.UG.FTS.B,
28.98%,
11/21/24
.
119
16
991101503.UG.FTS.B,
28.98%,
11/21/24
.
816
837
991103359.UG.FTS.B,
28.98%,
11/21/24
.
747
765
991103415.UG.FTS.B,
28.98%,
11/21/24
.
46
46
991103484.UG.FTS.B,
28.98%,
11/21/24
.
33
33
991103505.UG.FTS.B,
28.98%,
11/21/24
.
358
367
991104830.UG.FTS.B,
28.98%,
11/21/24
.
1,198
(43)
991105102.UG.FTS.B,
28.98%,
11/21/24
.
109
110
991106305.UG.FTS.B,
28.98%,
11/21/24
.
554
569
991106632.UG.FTS.B,
28.98%,
11/21/24
.
275
276
991107084.UG.FTS.B,
28.98%,
11/21/24
.
12
12
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
233
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991107547.UG.FTS.B,
28.98%,
11/21/24
.
$
540
$
532
991107910.UG.FTS.B,
28.98%,
11/21/24
.
172
174
991112083.UG.FTS.B,
28.98%,
11/21/24
..
1,320
1,355
991112673.UG.FTS.B,
28.98%,
11/21/24
..
83
85
991113938.UG.FTS.B,
28.98%,
11/21/24
..
184
189
991115757.UG.FTS.B,
28.98%,
11/21/24
..
100
102
991122560.UG.FTS.B,
28.98%,
11/21/24
.
199
203
991123406.UG.FTS.B,
28.98%,
11/21/24
.
22
22
991125455.UG.FTS.B,
28.98%,
11/21/24
.
166
23
991129275.UG.FTS.B,
28.98%,
11/21/24
.
476
479
991130741.UG.FTS.B,
28.98%,
11/21/24
.
74
75
991131576.UG.FTS.B,
28.98%,
11/21/24
.
1,552
1,587
991135493.UG.FTS.B,
28.98%,
11/21/24
.
37
37
991136064.UG.FTS.B,
28.98%,
11/21/24
.
311
319
991138300.UG.FTS.B,
28.98%,
11/21/24
.
46
46
991140811.UG.FTS.B,
28.98%,
11/21/24
..
79
81
991144473.UG.FTS.B,
28.98%,
11/21/24
.
185
189
991153965.UG.FTS.B,
28.98%,
11/21/24
.
6
6
991162098.UG.FTS.B,
28.98%,
11/21/24
.
219
225
991169889.UG.FTS.B,
28.98%,
11/21/24
.
363
370
991170155.UG.FTS.B,
28.98%,
11/21/24
.
887
893
991174647.UG.FTS.B,
28.98%,
11/21/24
.
298
305
991178506.UG.FTS.B,
28.98%,
11/21/24
.
214
219
991181062.UG.FTS.B,
28.98%,
11/21/24
.
857
868
991185383.UG.FTS.B,
28.98%,
11/21/24
.
458
467
991194541.UG.FTS.B,
28.98%,
11/21/24
.
106
109
991196539.UG.FTS.B,
28.98%,
11/21/24
.
47
48
991197966.UG.FTS.B,
28.98%,
11/21/24
.
88
91
991204271.UG.FTS.B,
28.98%,
11/21/24
.
116
119
991205228.UG.FTS.B,
28.98%,
11/21/24
.
51
52
991205445.UG.FTS.B,
28.98%,
11/21/24
.
312
321
991212789.UG.FTS.B,
28.98%,
11/21/24
.
86
88
991218149.UG.FTS.B,
28.98%,
11/21/24
.
1,103
1,132
991223136.UG.FTS.B,
28.98%,
11/21/24
.
381
386
991225496.UG.FTS.B,
28.98%,
11/21/24
.
92
92
991226400.UG.FTS.B,
28.98%,
11/21/24
.
23
23
991227250.UG.FTS.B,
28.98%,
11/21/24
.
158
160
991233789.UG.FTS.B,
28.98%,
11/21/24
.
282
286
991236869.UG.FTS.B,
28.98%,
11/21/24
.
185
183
991237119.UG.FTS.B,
28.98%,
11/21/24
.
1,055
1,082
991243049.UG.FTS.B,
28.98%,
11/21/24
.
91
92
991250096.UG.FTS.B,
28.98%,
11/21/24
.
19
19
991257871.UG.FTS.B,
28.98%,
11/21/24
.
119
121
991262752.UG.FTS.B,
28.98%,
11/21/24
.
93
94
991263992.UG.FTS.B,
28.98%,
11/21/24
.
197
200
991264140.UG.FTS.B,
28.98%,
11/21/24
.
587
597
991269555.UG.FTS.B,
28.98%,
11/21/24
.
169
172
991284800.UG.FTS.B,
28.98%,
11/21/24
.
156
13
991290510.UG.FTS.B,
28.98%,
11/21/24
.
7
7
991297297.UG.FTS.B,
28.98%,
11/21/24
.
151
154
991297865.UG.FTS.B,
28.98%,
11/21/24
.
167
170
991098822.UG.FTS.B,
29.49%,
11/21/24
.
191
197
991099684.UG.FTS.B,
29.49%,
11/21/24
.
83
(3)
991099793.UG.FTS.B,
29.49%,
11/21/24
.
199
198
991099825.UG.FTS.B,
29.49%,
11/21/24
.
252
252
991099891.UG.FTS.B,
29.49%,
11/21/24
.
198
199
991100418.UG.FTS.B,
29.49%,
11/21/24
.
315
326
991101168.UG.FTS.B,
29.49%,
11/21/24
..
41
41
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991102962.UG.FTS.B,
29.49%,
11/21/24
.
$
56
$
58
991103642.UG.FTS.B,
29.49%,
11/21/24
.
191
188
991104175.UG.FTS.B,
29.49%,
11/21/24
.
7
7
991104423.UG.FTS.B,
29.49%,
11/21/24
.
341
28
991105230.UG.FTS.B,
29.49%,
11/21/24
.
–
–
991107662.UG.FTS.B,
29.49%,
11/21/24
.
44
44
991107906.UG.FTS.B,
29.49%,
11/21/24
.
1,119
1,144
991112882.UG.FTS.B,
29.49%,
11/21/24
..
566
581
991113103.UG.FTS.B,
29.49%,
11/21/24
..
75
76
991114305.UG.FTS.B,
29.49%,
11/21/24
..
8
8
991114374.UG.FTS.B,
29.49%,
11/21/24
..
247
250
991115550.UG.FTS.B,
29.49%,
11/21/24
..
20
20
991121299.UG.FTS.B,
29.49%,
11/21/24
.
261
264
991122036.UG.FTS.B,
29.49%,
11/21/24
.
57
59
991123398.UG.FTS.B,
29.49%,
11/21/24
.
246
249
991123851.UG.FTS.B,
29.49%,
11/21/24
.
312
322
991124929.UG.FTS.B,
29.49%,
11/21/24
.
80
80
991125417.UG.FTS.B,
29.49%,
11/21/24
.
84
86
991125736.UG.FTS.B,
29.49%,
11/21/24
.
45
46
991129183.UG.FTS.B,
29.49%,
11/21/24
.
327
328
991130355.UG.FTS.B,
29.49%,
11/21/24
.
440
447
991130674.UG.FTS.B,
29.49%,
11/21/24
.
40
40
991131801.UG.FTS.B,
29.49%,
11/21/24
.
77
77
991132346.UG.FTS.B,
29.49%,
11/21/24
.
479
489
991132792.UG.FTS.B,
29.49%,
11/21/24
.
119
123
991132948.UG.FTS.B,
29.49%,
11/21/24
.
96
99
991133364.UG.FTS.B,
29.49%,
11/21/24
.
25
25
991133817.UG.FTS.B,
29.49%,
11/21/24
.
203
208
991136618.UG.FTS.B,
29.49%,
11/21/24
.
118
120
991137083.UG.FTS.B,
29.49%,
11/21/24
.
320
321
991137564.UG.FTS.B,
29.49%,
11/21/24
.
16
16
991137836.UG.FTS.B,
29.49%,
11/21/24
.
129
129
991139313.UG.FTS.B,
29.49%,
11/21/24
.
93
96
991139966.UG.FTS.B,
29.49%,
11/21/24
.
109
110
991140808.UG.FTS.B,
29.49%,
11/21/24
.
9
2
991142705.UG.FTS.B,
29.49%,
11/21/24
.
410
31
991144598.UG.FTS.B,
29.49%,
11/21/24
.
134
19
991155328.UG.FTS.B,
29.49%,
11/21/24
.
161
166
991157022.UG.FTS.B,
29.49%,
11/21/24
.
563
574
991159418.UG.FTS.B,
29.49%,
11/21/24
.
122
127
991173134.UG.FTS.B,
29.49%,
11/21/24
.
36
36
991179856.UG.FTS.B,
29.49%,
11/21/24
.
706
734
991179953.UG.FTS.B,
29.49%,
11/21/24
.
23
24
991183376.UG.FTS.B,
29.49%,
11/21/24
.
555
572
991187695.UG.FTS.B,
29.49%,
11/21/24
.
114
118
991191726.UG.FTS.B,
29.49%,
11/21/24
.
169
170
991195967.UG.FTS.B,
29.49%,
11/21/24
.
161
168
991197725.UG.FTS.B,
29.49%,
11/21/24
.
1,457
1,514
991206897.UG.FTS.B,
29.49%,
11/21/24
.
60
61
991219638.UG.FTS.B,
29.49%,
11/21/24
.
68
70
991221067.UG.FTS.B,
29.49%,
11/21/24
.
20
20
991221868.UG.FTS.B,
29.49%,
11/21/24
.
38
39
991222533.UG.FTS.B,
29.49%,
11/21/24
.
37
37
991225320.UG.FTS.B,
29.49%,
11/21/24
.
206
13
991243146.UG.FTS.B,
29.49%,
11/21/24
.
1,077
1,102
991248040.UG.FTS.B,
29.49%,
11/21/24
.
219
224
991255779.UG.FTS.B,
29.49%,
11/21/24
.
73
75
991259033.UG.FTS.B,
29.49%,
11/21/24
.
231
236
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
234
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991263744.UG.FTS.B,
29.49%,
11/21/24
.
$
239
$
244
991264912.UG.FTS.B,
29.49%,
11/21/24
.
97
99
991268256.UG.FTS.B,
29.49%,
11/21/24
.
19
19
991269668.UG.FTS.B,
29.49%,
11/21/24
.
162
166
991273052.UG.FTS.B,
29.49%,
11/21/24
.
351
358
991275188.UG.FTS.B,
29.49%,
11/21/24
.
274
281
991284824.UG.FTS.B,
29.49%,
11/21/24
.
17
18
991294280.UG.FTS.B,
29.49%,
11/21/24
.
7
7
991127574.UG.FTS.B,
Zero
Cpn,
11/22/24
668
46
991167377.UG.FTS.B,
Zero
Cpn,
11/22/24
214
15
991177459.UG.FTS.B,
Zero
Cpn,
11/22/24
897
61
991217210.UG.FTS.B,
Zero
Cpn,
11/22/24
207
14
991114211.UG.FTS.B,
18.97%,
11/22/24
..
358
359
991122742.UG.FTS.B,
18.97%,
11/22/24
.
123
124
991125689.UG.FTS.B,
18.97%,
11/22/24
.
166
167
991154003.UG.FTS.B,
18.97%,
11/22/24
.
597
600
991118023.UG.FTS.B,
19.21%,
11/22/24
..
133
134
991119286.UG.FTS.B,
19.21%,
11/22/24
..
384
384
991119833.UG.FTS.B,
19.21%,
11/22/24
..
615
618
991199042.UG.FTS.B,
19.21%,
11/22/24
.
470
473
991103401.UG.FTS.B,
19.99%,
11/22/24
.
353
363
991121665.UG.FTS.B,
19.99%,
11/22/24
.
78
80
991132324.UG.FTS.B,
19.99%,
11/22/24
.
153
154
991134545.UG.FTS.B,
19.99%,
11/22/24
.
826
849
991157348.UG.FTS.B,
19.99%,
11/22/24
.
294
302
991166717.UG.FTS.B,
19.99%,
11/22/24
.
209
18
991181160.UG.FTS.B,
19.99%,
11/22/24
..
472
470
991227531.UG.FTS.B,
19.99%,
11/22/24
.
549
561
991270414.UG.FTS.B,
19.99%,
11/22/24
.
55
55
991271550.UG.FTS.B,
19.99%,
11/22/24
.
603
608
991279794.UG.FTS.B,
19.99%,
11/22/24
.
293
297
991183733.UG.FTS.B,
20.46%,
11/22/24
.
426
29
991204119.UG.FTS.B,
20.46%,
11/22/24
.
14
14
991213596.UG.FTS.B,
20.46%,
11/22/24
.
2,136
2,148
991264755.UG.FTS.B,
20.46%,
11/22/24
.
108
108
991118422.UG.FTS.B,
21.46%,
11/22/24
..
1,310
1,320
991131049.UG.FTS.B,
21.46%,
11/22/24
.
149
150
991215119.UG.FTS.B,
21.46%,
11/22/24
.
397
337
991099821.UG.FTS.B,
21.98%,
11/22/24
.
145
145
991116000.UG.FTS.B,
21.98%,
11/22/24
..
272
269
991285026.UG.FTS.B,
21.98%,
11/22/24
.
89
89
991101812.UG.FTS.B,
22.95%,
11/22/24
.
174
12
991118260.UG.FTS.B,
22.95%,
11/22/24
..
944
63
991100723.UG.FTS.B,
22.97%,
11/22/24
.
139
(2)
991196292.UG.FTS.B,
22.97%,
11/22/24
.
147
148
991124752.UG.FTS.B,
23.95%,
11/22/24
.
105
106
991272573.UG.FTS.B,
23.95%,
11/22/24
.
325
325
991166382.UG.FTS.B,
26.94%,
11/22/24
.
87
88
991180574.UG.FTS.B,
26.94%,
11/22/24
.
229
231
991104265.UG.FTS.B,
27.99%,
11/22/24
.
2,252
2,316
991115779.UG.FTS.B,
27.99%,
11/22/24
..
881
888
991099542.UG.FTS.B,
28.98%,
11/22/24
.
–
–
991102689.UG.FTS.B,
28.98%,
11/22/24
.
–
–
991102922.UG.FTS.B,
28.98%,
11/22/24
.
341
350
991102964.UG.FTS.B,
28.98%,
11/22/24
.
124
127
991103009.UG.FTS.B,
28.98%,
11/22/24
.
201
206
991103706.UG.FTS.B,
28.98%,
11/22/24
.
1,291
1,307
991104196.UG.FTS.B,
28.98%,
11/22/24
.
225
229
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991104456.UG.FTS.B,
28.98%,
11/22/24
.
$
515
$
517
991104504.UG.FTS.B,
28.98%,
11/22/24
.
197
201
991105023.UG.FTS.B,
28.98%,
11/22/24
.
2,514
2,583
991105794.UG.FTS.B,
28.98%,
11/22/24
.
1,076
1,105
991106035.UG.FTS.B,
28.98%,
11/22/24
.
117
120
991106358.UG.FTS.B,
28.98%,
11/22/24
.
8
8
991107556.UG.FTS.B,
28.98%,
11/22/24
.
575
572
991107575.UG.FTS.B,
28.98%,
11/22/24
.
202
205
991107921.UG.FTS.B,
28.98%,
11/22/24
.
1,258
1,283
991110155.UG.FTS.B,
28.98%,
11/22/24
..
61
61
991110358.UG.FTS.B,
28.98%,
11/22/24
..
119
121
991110618.UG.FTS.B,
28.98%,
11/22/24
..
61
62
991110719.UG.FTS.B,
28.98%,
11/22/24
..
117
120
991116602.UG.FTS.B,
28.98%,
11/22/24
..
346
349
991116973.UG.FTS.B,
28.98%,
11/22/24
..
251
258
991118128.UG.FTS.B,
28.98%,
11/22/24
..
133
(5)
991121466.UG.FTS.B,
28.98%,
11/22/24
.
104
107
991122119.UG.FTS.B,
28.98%,
11/22/24
..
66
68
991123827.UG.FTS.B,
28.98%,
11/22/24
.
586
597
991127224.UG.FTS.B,
28.98%,
11/22/24
.
557
572
991127481.UG.FTS.B,
28.98%,
11/22/24
.
557
568
991127588.UG.FTS.B,
28.98%,
11/22/24
.
75
77
991128908.UG.FTS.B,
28.98%,
11/22/24
.
–
–
991131367.UG.FTS.B,
28.98%,
11/22/24
.
331
331
991131812.UG.FTS.B,
28.98%,
11/22/24
.
136
139
991132905.UG.FTS.B,
28.98%,
11/22/24
.
198
31
991136765.UG.FTS.B,
28.98%,
11/22/24
.
598
614
991137246.UG.FTS.B,
28.98%,
11/22/24
.
482
489
991139408.UG.FTS.B,
28.98%,
11/22/24
.
57
58
991143616.UG.FTS.B,
28.98%,
11/22/24
.
393
(14)
991143933.UG.FTS.B,
28.98%,
11/22/24
.
286
294
991147880.UG.FTS.B,
28.98%,
11/22/24
.
10
10
991149223.UG.FTS.B,
28.98%,
11/22/24
.
58
58
991149451.UG.FTS.B,
28.98%,
11/22/24
.
556
571
991153364.UG.FTS.B,
28.98%,
11/22/24
.
325
331
991156074.UG.FTS.B,
28.98%,
11/22/24
.
124
126
991156523.UG.FTS.B,
28.98%,
11/22/24
.
75
75
991159179.UG.FTS.B,
28.98%,
11/22/24
.
302
310
991161581.UG.FTS.B,
28.98%,
11/22/24
.
270
273
991162076.UG.FTS.B,
28.98%,
11/22/24
.
41
41
991163227.UG.FTS.B,
28.98%,
11/22/24
.
313
322
991163510.UG.FTS.B,
28.98%,
11/22/24
.
268
269
991163764.UG.FTS.B,
28.98%,
11/22/24
.
98
100
991169488.UG.FTS.B,
28.98%,
11/22/24
.
194
199
991173036.UG.FTS.B,
28.98%,
11/22/24
.
69
71
991173716.UG.FTS.B,
28.98%,
11/22/24
.
553
562
991177122.UG.FTS.B,
28.98%,
11/22/24
.
1,068
1,070
991180530.UG.FTS.B,
28.98%,
11/22/24
.
175
180
991184097.UG.FTS.B,
28.98%,
11/22/24
.
208
214
991184113.UG.FTS.B,
28.98%,
11/22/24
..
983
990
991195368.UG.FTS.B,
28.98%,
11/22/24
.
71
72
991195764.UG.FTS.B,
28.98%,
11/22/24
.
78
80
991197771.UG.FTS.B,
28.98%,
11/22/24
.
126
130
991204158.UG.FTS.B,
28.98%,
11/22/24
.
67
67
991219493.UG.FTS.B,
28.98%,
11/22/24
.
123
125
991223543.UG.FTS.B,
28.98%,
11/22/24
.
46
46
991223597.UG.FTS.B,
28.98%,
11/22/24
.
162
165
991223823.UG.FTS.B,
28.98%,
11/22/24
.
29
29
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
235
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991224363.UG.FTS.B,
28.98%,
11/22/24
.
$
248
$
254
991224526.UG.FTS.B,
28.98%,
11/22/24
.
181
185
991228922.UG.FTS.B,
28.98%,
11/22/24
.
106
109
991230477.UG.FTS.B,
28.98%,
11/22/24
.
247
16
991234896.UG.FTS.B,
28.98%,
11/22/24
.
372
379
991246872.UG.FTS.B,
28.98%,
11/22/24
.
549
559
991251324.UG.FTS.B,
28.98%,
11/22/24
.
92
13
991255263.UG.FTS.B,
28.98%,
11/22/24
.
113
115
991261500.UG.FTS.B,
28.98%,
11/22/24
.
43
43
991262138.UG.FTS.B,
28.98%,
11/22/24
.
110
112
991269175.UG.FTS.B,
28.98%,
11/22/24
.
44
6
991279336.UG.FTS.B,
28.98%,
11/22/24
.
27
27
991285685.UG.FTS.B,
28.98%,
11/22/24
.
548
558
991291345.UG.FTS.B,
28.98%,
11/22/24
.
102
104
991299270.UG.FTS.B,
28.98%,
11/22/24
.
547
557
991304220.UG.FTS.B,
28.98%,
11/22/24
.
87
89
991304298.UG.FTS.B,
28.98%,
11/22/24
.
443
451
991306198.UG.FTS.B,
28.98%,
11/22/24
.
17
17
991307686.UG.FTS.B,
28.98%,
11/22/24
.
153
156
991311847.UG.FTS.B,
28.98%,
11/22/24
.
220
224
991103252.UG.FTS.B,
29.46%,
11/22/24
.
241
242
991099101.UG.FTS.B,
29.49%,
11/22/24
.
59
59
991100054.UG.FTS.B,
29.49%,
11/22/24
.
433
447
991100376.UG.FTS.B,
29.49%,
11/22/24
.
138
138
991100404.UG.FTS.B,
29.49%,
11/22/24
.
159
163
991100555.UG.FTS.B,
29.49%,
11/22/24
.
898
923
991101821.UG.FTS.B,
29.49%,
11/22/24
.
160
160
991102587.UG.FTS.B,
29.49%,
11/22/24
.
252
260
991102823.UG.FTS.B,
29.49%,
11/22/24
.
95
99
991103134.UG.FTS.B,
29.49%,
11/22/24
.
11
11
991103865.UG.FTS.B,
29.49%,
11/22/24
.
71
71
991104396.UG.FTS.B,
29.49%,
11/22/24
.
114
118
991105680.UG.FTS.B,
29.49%,
11/22/24
.
73
74
991107019.UG.FTS.B,
29.49%,
11/22/24
.
160
158
991107152.UG.FTS.B,
29.49%,
11/22/24
.
137
141
991107154.UG.FTS.B,
29.49%,
11/22/24
.
382
393
991107318.UG.FTS.B,
29.49%,
11/22/24
.
609
626
991107393.UG.FTS.B,
29.49%,
11/22/24
.
1,140
1,175
991107494.UG.FTS.B,
29.49%,
11/22/24
.
191
196
991108083.UG.FTS.B,
29.49%,
11/22/24
.
147
151
991108800.UG.FTS.B,
29.49%,
11/22/24
.
160
162
991109049.UG.FTS.B,
29.49%,
11/22/24
.
413
426
991109990.UG.FTS.B,
29.49%,
11/22/24
.
252
259
991112073.UG.FTS.B,
29.49%,
11/22/24
..
184
190
991112758.UG.FTS.B,
29.49%,
11/22/24
..
204
203
991113516.UG.FTS.B,
29.49%,
11/22/24
..
129
133
991116156.UG.FTS.B,
29.49%,
11/22/24
..
97
100
991116852.UG.FTS.B,
29.49%,
11/22/24
..
36
36
991116896.UG.FTS.B,
29.49%,
11/22/24
..
134
139
991117809.UG.FTS.B,
29.49%,
11/22/24
..
178
185
991119993.UG.FTS.B,
29.49%,
11/22/24
..
166
173
991120831.UG.FTS.B,
29.49%,
11/22/24
.
100
104
991122279.UG.FTS.B,
29.49%,
11/22/24
.
13
13
991123695.UG.FTS.B,
29.49%,
11/22/24
.
335
47
991124015.UG.FTS.B,
29.49%,
11/22/24
.
248
255
991124721.UG.FTS.B,
29.49%,
11/22/24
.
185
190
991125303.UG.FTS.B,
29.49%,
11/22/24
.
109
112
991126049.UG.FTS.B,
29.49%,
11/22/24
.
39
40
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991130950.UG.FTS.B,
29.49%,
11/22/24
.
$
12
$
12
991132446.UG.FTS.B,
29.49%,
11/22/24
.
82
84
991133333.UG.FTS.B,
29.49%,
11/22/24
.
17
17
991138174.UG.FTS.B,
29.49%,
11/22/24
.
159
163
991139223.UG.FTS.B,
29.49%,
11/22/24
.
576
594
991139541.UG.FTS.B,
29.49%,
11/22/24
.
571
583
991141918.UG.FTS.B,
29.49%,
11/22/24
.
708
717
991144588.UG.FTS.B,
29.49%,
11/22/24
.
210
217
991146799.UG.FTS.B,
29.49%,
11/22/24
.
39
40
991148239.UG.FTS.B,
29.49%,
11/22/24
.
585
602
991149855.UG.FTS.B,
29.49%,
11/22/24
.
420
108
991150981.UG.FTS.B,
29.49%,
11/22/24
.
73
73
991153231.UG.FTS.B,
29.49%,
11/22/24
.
84
86
991155428.UG.FTS.B,
29.49%,
11/22/24
.
–
–
991155708.UG.FTS.B,
29.49%,
11/22/24
.
343
354
991158055.UG.FTS.B,
29.49%,
11/22/24
.
409
(15)
991158905.UG.FTS.B,
29.49%,
11/22/24
.
225
228
991162354.UG.FTS.B,
29.49%,
11/22/24
.
117
120
991162836.UG.FTS.B,
29.49%,
11/22/24
.
2
2
991168948.UG.FTS.B,
29.49%,
11/22/24
.
558
574
991173886.UG.FTS.B,
29.49%,
11/22/24
.
462
475
991174146.UG.FTS.B,
29.49%,
11/22/24
.
56
9
991175535.UG.FTS.B,
29.49%,
11/22/24
.
114
115
991176814.UG.FTS.B,
29.49%,
11/22/24
.
939
966
991177757.UG.FTS.B,
29.49%,
11/22/24
.
267
208
991179561.UG.FTS.B,
29.49%,
11/22/24
.
78
81
991182736.UG.FTS.B,
29.49%,
11/22/24
.
100
103
991189207.UG.FTS.B,
29.49%,
11/22/24
.
18
18
991191963.UG.FTS.B,
29.49%,
11/22/24
.
138
139
991195371.UG.FTS.B,
29.49%,
11/22/24
.
318
43
991217394.UG.FTS.B,
29.49%,
11/22/24
.
111
114
991219101.UG.FTS.B,
29.49%,
11/22/24
.
70
72
991222931.UG.FTS.B,
29.49%,
11/22/24
.
14
14
991223979.UG.FTS.B,
29.49%,
11/22/24
.
58
59
991229296.UG.FTS.B,
29.49%,
11/22/24
.
10
10
991236637.UG.FTS.B,
29.49%,
11/22/24
.
67
5
991245259.UG.FTS.B,
29.49%,
11/22/24
.
92
95
991245820.UG.FTS.B,
29.49%,
11/22/24
.
283
287
991246182.UG.FTS.B,
29.49%,
11/22/24
.
1
–
991255887.UG.FTS.B,
29.49%,
11/22/24
.
111
114
991267717.UG.FTS.B,
29.49%,
11/22/24
.
551
562
991274490.UG.FTS.B,
29.49%,
11/22/24
.
48
49
991278795.UG.FTS.B,
29.49%,
11/22/24
.
104
106
991279836.UG.FTS.B,
29.49%,
11/22/24
.
121
125
991281331.UG.FTS.B,
29.49%,
11/22/24
.
200
204
991288087.UG.FTS.B,
29.49%,
11/22/24
.
84
86
991290240.UG.FTS.B,
29.49%,
11/22/24
.
124
127
991291999.UG.FTS.B,
29.49%,
11/22/24
.
50
51
991293465.UG.FTS.B,
29.49%,
11/22/24
.
166
169
991293990.UG.FTS.B,
29.49%,
11/22/24
.
27
27
991300187.UG.FTS.B,
29.49%,
11/22/24
.
410
420
991302610.UG.FTS.B,
29.49%,
11/22/24
.
390
399
991305981.UG.FTS.B,
29.49%,
11/22/24
.
41
41
991122619.UG.FTS.B,
Zero
Cpn,
11/23/24
131
9
991142579.UG.FTS.B,
Zero
Cpn,
11/23/24
463
31
991145323.UG.FTS.B,
Zero
Cpn,
11/23/24
165
11
991151181.UG.FTS.B,
Zero
Cpn,
11/23/24
2,444
167
991153329.UG.FTS.B,
Zero
Cpn,
11/23/24
673
47
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
236
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991196638.UG.FTS.B,
14.98%,
11/23/24
.
$
501
$
505
991229244.UG.FTS.B,
18.97%,
11/23/24
.
485
485
991196293.UG.FTS.B,
19.21%,
11/23/24
.
432
434
991247451.UG.FTS.B,
19.21%,
11/23/24
.
258
259
991313399.UG.FTS.B,
19.21%,
11/23/24
.
178
181
991126095.UG.FTS.B,
19.46%,
11/23/24
.
152
153
991168137.UG.FTS.B,
19.8%,
11/23/24
..
302
301
991168372.UG.FTS.B,
19.8%,
11/23/24
..
1,561
1,571
991237671.UG.FTS.B,
19.8%,
11/23/24
..
114
115
991108230.UG.FTS.B,
19.99%,
11/23/24
.
58
59
991108654.UG.FTS.B,
19.99%,
11/23/24
.
93
95
991111693.UG.FTS.B,
19.99%,
11/23/24
..
–
–
991114190.UG.FTS.B,
19.99%,
11/23/24
..
35
35
991114531.UG.FTS.B,
19.99%,
11/23/24
..
155
13
991123941.UG.FTS.B,
19.99%,
11/23/24
.
1,157
1,202
991126181.UG.FTS.B,
19.99%,
11/23/24
.
357
47
991126600.UG.FTS.B,
19.99%,
11/23/24
.
1,272
1,306
991126654.UG.FTS.B,
19.99%,
11/23/24
.
190
195
991132382.UG.FTS.B,
19.99%,
11/23/24
.
90
92
991132671.UG.FTS.B,
19.99%,
11/23/24
.
116
119
991133827.UG.FTS.B,
19.99%,
11/23/24
.
283
288
991147270.UG.FTS.B,
19.99%,
11/23/24
.
59
60
991150692.UG.FTS.B,
19.99%,
11/23/24
.
103
105
991162960.UG.FTS.B,
19.99%,
11/23/24
.
61
61
991167674.UG.FTS.B,
19.99%,
11/23/24
.
252
253
991170878.UG.FTS.B,
19.99%,
11/23/24
.
10
10
991229310.UG.FTS.B,
19.99%,
11/23/24
.
186
191
991232620.UG.FTS.B,
19.99%,
11/23/24
.
101
104
991244136.UG.FTS.B,
19.99%,
11/23/24
.
329
330
991262811.UG.FTS.B,
19.99%,
11/23/24
.
87
90
991296137.UG.FTS.B,
19.99%,
11/23/24
.
145
148
991300760.UG.FTS.B,
19.99%,
11/23/24
.
155
158
991313088.UG.FTS.B,
19.99%,
11/23/24
.
203
205
991106798.UG.FTS.B,
20.46%,
11/23/24
.
514
516
991181180.UG.FTS.B,
20.97%,
11/23/24
..
90
90
991184027.UG.FTS.B,
20.97%,
11/23/24
.
157
158
991282683.UG.FTS.B,
20.97%,
11/23/24
.
36
36
991113758.UG.FTS.B,
21.46%,
11/23/24
..
91
91
991119625.UG.FTS.B,
21.46%,
11/23/24
..
396
398
991125579.UG.FTS.B,
21.46%,
11/23/24
.
456
459
991148866.UG.FTS.B,
21.46%,
11/23/24
.
2,639
2,660
991155217.UG.FTS.B,
21.46%,
11/23/24
.
230
231
991187835.UG.FTS.B,
21.46%,
11/23/24
.
96
97
991106966.UG.FTS.B,
21.98%,
11/23/24
.
589
588
991184569.UG.FTS.B,
21.98%,
11/23/24
.
110
110
991184768.UG.FTS.B,
21.98%,
11/23/24
.
204
203
991276829.UG.FTS.B,
21.98%,
11/23/24
.
122
121
991191830.UG.FTS.B,
22.95%,
11/23/24
.
266
268
991121850.UG.FTS.B,
26.94%,
11/23/24
.
378
382
991144096.UG.FTS.B,
26.94%,
11/23/24
.
448
445
991146136.UG.FTS.B,
26.94%,
11/23/24
.
1,123
1,133
991147765.UG.FTS.B,
27.95%,
11/23/24
.
169
173
991109616.UG.FTS.B,
27.99%,
11/23/24
.
460
473
991232344.UG.FTS.B,
27.99%,
11/23/24
.
68
70
991105091.UG.FTS.B,
28.98%,
11/23/24
.
–
–
991105483.UG.FTS.B,
28.98%,
11/23/24
.
434
438
991105842.UG.FTS.B,
28.98%,
11/23/24
.
201
204
991106197.UG.FTS.B,
28.98%,
11/23/24
.
968
994
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991106233.UG.FTS.B,
28.98%,
11/23/24
.
$
71
$
73
991106264.UG.FTS.B,
28.98%,
11/23/24
.
362
368
991106501.UG.FTS.B,
28.98%,
11/23/24
.
68
69
991108227.UG.FTS.B,
28.98%,
11/23/24
.
210
211
991108887.UG.FTS.B,
28.98%,
11/23/24
.
91
93
991109723.UG.FTS.B,
28.98%,
11/23/24
.
403
413
991110526.UG.FTS.B,
28.98%,
11/23/24
..
437
449
991110800.UG.FTS.B,
28.98%,
11/23/24
..
383
398
991110924.UG.FTS.B,
28.98%,
11/23/24
..
107
112
991115378.UG.FTS.B,
28.98%,
11/23/24
..
100
103
991115753.UG.FTS.B,
28.98%,
11/23/24
..
33
34
991117626.UG.FTS.B,
28.98%,
11/23/24
..
1,604
1,635
991121613.UG.FTS.B,
28.98%,
11/23/24
.
167
171
991123355.UG.FTS.B,
28.98%,
11/23/24
.
49
49
991124798.UG.FTS.B,
28.98%,
11/23/24
.
361
370
991125415.UG.FTS.B,
28.98%,
11/23/24
.
257
263
991131479.UG.FTS.B,
28.98%,
11/23/24
.
435
446
991132085.UG.FTS.B,
28.98%,
11/23/24
.
18
18
991132396.UG.FTS.B,
28.98%,
11/23/24
.
312
310
991132894.UG.FTS.B,
28.98%,
11/23/24
.
127
129
991133163.UG.FTS.B,
28.98%,
11/23/24
.
158
165
991133989.UG.FTS.B,
28.98%,
11/23/24
.
44
44
991138634.UG.FTS.B,
28.98%,
11/23/24
.
176
13
991139844.UG.FTS.B,
28.98%,
11/23/24
.
137
141
991147458.UG.FTS.B,
28.98%,
11/23/24
.
236
242
991148591.UG.FTS.B,
28.98%,
11/23/24
.
1,144
1,150
991152386.UG.FTS.B,
28.98%,
11/23/24
.
167
172
991157081.UG.FTS.B,
28.98%,
11/23/24
.
50
50
991158618.UG.FTS.B,
28.98%,
11/23/24
.
152
156
991162664.UG.FTS.B,
28.98%,
11/23/24
.
1,009
1,023
991169414.UG.FTS.B,
28.98%,
11/23/24
.
110
110
991170456.UG.FTS.B,
28.98%,
11/23/24
.
291
299
991171491.UG.FTS.B,
28.98%,
11/23/24
.
52
52
991173980.UG.FTS.B,
28.98%,
11/23/24
.
75
(3)
991178866.UG.FTS.B,
28.98%,
11/23/24
.
392
401
991181974.UG.FTS.B,
28.98%,
11/23/24
.
678
691
991187003.UG.FTS.B,
28.98%,
11/23/24
.
589
600
991187197.UG.FTS.B,
28.98%,
11/23/24
.
97
99
991188766.UG.FTS.B,
28.98%,
11/23/24
.
1,052
1,080
991189874.UG.FTS.B,
28.98%,
11/23/24
.
1,119
1,172
991193318.UG.FTS.B,
28.98%,
11/23/24
.
24
24
991194147.UG.FTS.B,
28.98%,
11/23/24
.
544
545
991214567.UG.FTS.B,
28.98%,
11/23/24
.
337
346
991216950.UG.FTS.B,
28.98%,
11/23/24
.
264
266
991221838.UG.FTS.B,
28.98%,
11/23/24
.
89
91
991225329.UG.FTS.B,
28.98%,
11/23/24
.
110
113
991234421.UG.FTS.B,
28.98%,
11/23/24
.
89
90
991238561.UG.FTS.B,
28.98%,
11/23/24
.
43
43
991239647.UG.FTS.B,
28.98%,
11/23/24
.
80
81
991239983.UG.FTS.B,
28.98%,
11/23/24
.
179
182
991240082.UG.FTS.B,
28.98%,
11/23/24
.
827
849
991245554.UG.FTS.B,
28.98%,
11/23/24
.
478
487
991263923.UG.FTS.B,
28.98%,
11/23/24
.
70
72
991264563.UG.FTS.B,
28.98%,
11/23/24
.
388
403
991268038.UG.FTS.B,
28.98%,
11/23/24
.
337
343
991271407.UG.FTS.B,
28.98%,
11/23/24
.
99
101
991277474.UG.FTS.B,
28.98%,
11/23/24
.
37
37
991282136.UG.FTS.B,
28.98%,
11/23/24
.
482
491
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
237
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991296682.UG.FTS.B,
28.98%,
11/23/24
.
$
240
$
240
991299505.UG.FTS.B,
28.98%,
11/23/24
.
383
390
991307067.UG.FTS.B,
28.98%,
11/23/24
.
5
5
991308841.UG.FTS.B,
28.98%,
11/23/24
.
44
44
991311434.UG.FTS.B,
28.98%,
11/23/24
.
45
46
991315348.UG.FTS.B,
28.98%,
11/23/24
.
158
2
991105648.UG.FTS.B,
29.49%,
11/23/24
.
75
77
991105654.UG.FTS.B,
29.49%,
11/23/24
.
528
537
991105752.UG.FTS.B,
29.49%,
11/23/24
.
32
32
991106576.UG.FTS.B,
29.49%,
11/23/24
.
215
216
991106876.UG.FTS.B,
29.49%,
11/23/24
.
76
78
991108326.UG.FTS.B,
29.49%,
11/23/24
.
39
40
991109761.UG.FTS.B,
29.49%,
11/23/24
.
123
127
991110089.UG.FTS.B,
29.49%,
11/23/24
..
150
154
991111371.UG.FTS.B,
29.49%,
11/23/24
..
352
361
991111569.UG.FTS.B,
29.49%,
11/23/24
..
64
67
991112160.UG.FTS.B,
29.49%,
11/23/24
..
444
453
991112242.UG.FTS.B,
29.49%,
11/23/24
..
599
623
991113220.UG.FTS.B,
29.49%,
11/23/24
..
125
126
991113469.UG.FTS.B,
29.49%,
11/23/24
..
112
115
991114124.UG.FTS.B,
29.49%,
11/23/24
..
437
448
991115845.UG.FTS.B,
29.49%,
11/23/24
..
13
13
991116352.UG.FTS.B,
29.49%,
11/23/24
..
57
60
991116525.UG.FTS.B,
29.49%,
11/23/24
..
66
68
991116572.UG.FTS.B,
29.49%,
11/23/24
..
84
87
991117167.UG.FTS.B,
29.49%,
11/23/24
..
59
59
991117289.UG.FTS.B,
29.49%,
11/23/24
..
611
54
991117538.UG.FTS.B,
29.49%,
11/23/24
..
308
317
991120312.UG.FTS.B,
29.49%,
11/23/24
.
1,783
1,831
991121326.UG.FTS.B,
29.49%,
11/23/24
.
587
604
991123109.UG.FTS.B,
29.49%,
11/23/24
.
651
674
991124838.UG.FTS.B,
29.49%,
11/23/24
.
489
496
991125428.UG.FTS.B,
29.49%,
11/23/24
.
136
140
991125707.UG.FTS.B,
29.49%,
11/23/24
.
331
340
991133996.UG.FTS.B,
29.49%,
11/23/24
.
103
105
991134333.UG.FTS.B,
29.49%,
11/23/24
.
280
288
991134773.UG.FTS.B,
29.49%,
11/23/24
.
40
6
991136186.UG.FTS.B,
29.49%,
11/23/24
.
1,120
1,128
991138608.UG.FTS.B,
29.49%,
11/23/24
.
37
37
991139033.UG.FTS.B,
29.49%,
11/23/24
.
669
688
991141149.UG.FTS.B,
29.49%,
11/23/24
..
127
9
991141906.UG.FTS.B,
29.49%,
11/23/24
.
293
302
991144041.UG.FTS.B,
29.49%,
11/23/24
.
194
200
991145858.UG.FTS.B,
29.49%,
11/23/24
.
319
322
991146628.UG.FTS.B,
29.49%,
11/23/24
.
89
92
991151065.UG.FTS.B,
29.49%,
11/23/24
.
330
337
991153760.UG.FTS.B,
29.49%,
11/23/24
.
256
259
991154151.UG.FTS.B,
29.49%,
11/23/24
.
113
117
991154824.UG.FTS.B,
29.49%,
11/23/24
.
104
107
991155401.UG.FTS.B,
29.49%,
11/23/24
.
133
139
991156245.UG.FTS.B,
29.49%,
11/23/24
.
566
82
991157333.UG.FTS.B,
29.49%,
11/23/24
.
49
50
991159397.UG.FTS.B,
29.49%,
11/23/24
.
696
703
991159977.UG.FTS.B,
29.49%,
11/23/24
.
39
39
991165122.UG.FTS.B,
29.49%,
11/23/24
.
1,279
1,290
991167603.UG.FTS.B,
29.49%,
11/23/24
.
239
245
991171535.UG.FTS.B,
29.49%,
11/23/24
.
159
164
991174718.UG.FTS.B,
29.49%,
11/23/24
.
15
15
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991175162.UG.FTS.B,
29.49%,
11/23/24
.
$
245
$
252
991180111.UG.FTS.B,
29.49%,
11/23/24
..
145
(7)
991182655.UG.FTS.B,
29.49%,
11/23/24
.
54
8
991183124.UG.FTS.B,
29.49%,
11/23/24
.
119
121
991204587.UG.FTS.B,
29.49%,
11/23/24
.
326
45
991208929.UG.FTS.B,
29.49%,
11/23/24
.
111
115
991211494.UG.FTS.B,
29.49%,
11/23/24
.
490
504
991230430.UG.FTS.B,
29.49%,
11/23/24
.
117
118
991231664.UG.FTS.B,
29.49%,
11/23/24
.
123
9
991237095.UG.FTS.B,
29.49%,
11/23/24
.
8
8
991244025.UG.FTS.B,
29.49%,
11/23/24
.
78
81
991256878.UG.FTS.B,
29.49%,
11/23/24
.
163
165
991257574.UG.FTS.B,
29.49%,
11/23/24
.
36
36
991267903.UG.FTS.B,
29.49%,
11/23/24
.
160
164
991270894.UG.FTS.B,
29.49%,
11/23/24
.
71
73
991274815.UG.FTS.B,
29.49%,
11/23/24
.
9
9
991280169.UG.FTS.B,
29.49%,
11/23/24
.
233
237
991280901.UG.FTS.B,
29.49%,
11/23/24
.
427
431
991283471.UG.FTS.B,
29.49%,
11/23/24
.
56
57
991287640.UG.FTS.B,
29.49%,
11/23/24
.
28
4
991288512.UG.FTS.B,
29.49%,
11/23/24
.
434
442
991292477.UG.FTS.B,
29.49%,
11/23/24
.
97
99
991293772.UG.FTS.B,
29.49%,
11/23/24
.
392
401
991308017.UG.FTS.B,
29.49%,
11/23/24
.
42
42
991138643.UG.FTS.B,
Zero
Cpn,
11/24/24
202
14
991173828.UG.FTS.B,
Zero
Cpn,
11/24/24
60
4
991200663.UG.FTS.B,
Zero
Cpn,
11/24/24
123
8
991319933.UG.FTS.B,
Zero
Cpn,
11/24/24
88
6
991115361.UG.FTS.B,
19.21%,
11/24/24
..
428
431
991111330.UG.FTS.B,
19.8%,
11/24/24
...
555
559
991130672.UG.FTS.B,
19.99%,
11/24/24
.
77
78
991132353.UG.FTS.B,
19.99%,
11/24/24
.
1,128
149
991134660.UG.FTS.B,
19.99%,
11/24/24
.
138
139
991137740.UG.FTS.B,
19.99%,
11/24/24
.
89
91
991169645.UG.FTS.B,
19.99%,
11/24/24
.
311
320
991226952.UG.FTS.B,
19.99%,
11/24/24
.
419
–
991241069.UG.FTS.B,
19.99%,
11/24/24
.
457
470
991266535.UG.FTS.B,
19.99%,
11/24/24
.
316
325
991314125.UG.FTS.B,
19.99%,
11/24/24
.
111
116
991323110.UG.FTS.B,
19.99%,
11/24/24
.
438
456
991225373.UG.FTS.B,
20.46%,
11/24/24
.
36
36
991234378.UG.FTS.B,
20.46%,
11/24/24
.
116
116
991112640.UG.FTS.B,
21.46%,
11/24/24
..
300
302
991112744.UG.FTS.B,
21.46%,
11/24/24
..
1,327
1,067
991130832.UG.FTS.B,
21.46%,
11/24/24
.
23
23
991138789.UG.FTS.B,
21.46%,
11/24/24
.
173
173
991179536.UG.FTS.B,
21.46%,
11/24/24
.
93
93
991291326.UG.FTS.B,
21.46%,
11/24/24
.
47
47
991331734.UG.FTS.B,
21.46%,
11/24/24
.
958
959
991159326.UG.FTS.B,
21.98%,
11/24/24
.
875
874
991185001.UG.FTS.B,
21.98%,
11/24/24
.
275
274
991163034.UG.FTS.B,
22.97%,
11/24/24
.
204
29
991166214.UG.FTS.B,
22.97%,
11/24/24
.
569
78
991126327.UG.FTS.B,
27.99%,
11/24/24
.
1,375
(40)
991110984.UG.FTS.B,
28.98%,
11/24/24
..
253
260
991111495.UG.FTS.B,
28.98%,
11/24/24
..
161
162
991112268.UG.FTS.B,
28.98%,
11/24/24
..
76
76
991114157.UG.FTS.B,
28.98%,
11/24/24
..
105
15
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
238
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991114456.UG.FTS.B,
28.98%,
11/24/24
..
$
72
$
73
991115106.UG.FTS.B,
28.98%,
11/24/24
..
76
76
991115731.UG.FTS.B,
28.98%,
11/24/24
..
409
420
991115771.UG.FTS.B,
28.98%,
11/24/24
..
79
80
991115956.UG.FTS.B,
28.98%,
11/24/24
..
1,171
1,197
991116765.UG.FTS.B,
28.98%,
11/24/24
..
110
113
991117166.UG.FTS.B,
28.98%,
11/24/24
..
24
24
991118320.UG.FTS.B,
28.98%,
11/24/24
..
524
(18)
991122909.UG.FTS.B,
28.98%,
11/24/24
.
56
57
991129331.UG.FTS.B,
28.98%,
11/24/24
.
361
371
991129823.UG.FTS.B,
28.98%,
11/24/24
.
90
92
991131631.UG.FTS.B,
28.98%,
11/24/24
.
63
(2)
991132332.UG.FTS.B,
28.98%,
11/24/24
.
1,442
1,470
991133108.UG.FTS.B,
28.98%,
11/24/24
.
115
117
991135126.UG.FTS.B,
28.98%,
11/24/24
.
24
24
991136873.UG.FTS.B,
28.98%,
11/24/24
.
65
67
991141492.UG.FTS.B,
28.98%,
11/24/24
.
451
463
991143702.UG.FTS.B,
28.98%,
11/24/24
.
177
181
991146475.UG.FTS.B,
28.98%,
11/24/24
.
216
221
991146950.UG.FTS.B,
28.98%,
11/24/24
.
206
212
991159323.UG.FTS.B,
28.98%,
11/24/24
.
223
229
991162240.UG.FTS.B,
28.98%,
11/24/24
.
73
74
991165417.UG.FTS.B,
28.98%,
11/24/24
.
366
376
991174153.UG.FTS.B,
28.98%,
11/24/24
.
46
47
991180982.UG.FTS.B,
28.98%,
11/24/24
.
1,908
1,943
991187157.UG.FTS.B,
28.98%,
11/24/24
.
49
50
991193965.UG.FTS.B,
28.98%,
11/24/24
.
104
106
991195043.UG.FTS.B,
28.98%,
11/24/24
.
130
133
991203318.UG.FTS.B,
28.98%,
11/24/24
.
52
52
991205194.UG.FTS.B,
28.98%,
11/24/24
.
390
400
991211967.UG.FTS.B,
28.98%,
11/24/24
.
733
740
991217054.UG.FTS.B,
28.98%,
11/24/24
.
–
–
991236189.UG.FTS.B,
28.98%,
11/24/24
.
–
–
991261528.UG.FTS.B,
28.98%,
11/24/24
.
9
9
991266274.UG.FTS.B,
28.98%,
11/24/24
.
110
112
991266369.UG.FTS.B,
28.98%,
11/24/24
.
1,376
1,403
991270229.UG.FTS.B,
28.98%,
11/24/24
.
109
111
991272606.UG.FTS.B,
28.98%,
11/24/24
.
131
133
991275524.UG.FTS.B,
28.98%,
11/24/24
.
34
34
991280149.UG.FTS.B,
28.98%,
11/24/24
.
342
348
991281993.UG.FTS.B,
28.98%,
11/24/24
.
180
181
991306063.UG.FTS.B,
28.98%,
11/24/24
.
222
225
991320497.UG.FTS.B,
28.98%,
11/24/24
.
109
114
991321225.UG.FTS.B,
28.98%,
11/24/24
.
273
283
991323210.UG.FTS.B,
28.98%,
11/24/24
.
546
567
991118786.UG.FTS.B,
29.46%,
11/24/24
..
1,091
1,137
991110746.UG.FTS.B,
29.49%,
11/24/24
..
184
187
991113047.UG.FTS.B,
29.49%,
11/24/24
..
120
118
991113830.UG.FTS.B,
29.49%,
11/24/24
..
745
769
991113866.UG.FTS.B,
29.49%,
11/24/24
..
229
(5)
991115007.UG.FTS.B,
29.49%,
11/24/24
..
244
253
991115666.UG.FTS.B,
29.49%,
11/24/24
..
378
381
991117158.UG.FTS.B,
29.49%,
11/24/24
..
169
167
991117180.UG.FTS.B,
29.49%,
11/24/24
..
89
91
991117478.UG.FTS.B,
29.49%,
11/24/24
..
648
663
991122231.UG.FTS.B,
29.49%,
11/24/24
.
51
51
991122863.UG.FTS.B,
29.49%,
11/24/24
.
1,195
1,221
991123946.UG.FTS.B,
29.49%,
11/24/24
.
563
579
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991124415.UG.FTS.B,
29.49%,
11/24/24
.
$
249
$
249
991124601.UG.FTS.B,
29.49%,
11/24/24
.
128
132
991124779.UG.FTS.B,
29.49%,
11/24/24
.
222
223
991124823.UG.FTS.B,
29.49%,
11/24/24
.
368
388
991127641.UG.FTS.B,
29.49%,
11/24/24
.
427
430
991129314.UG.FTS.B,
29.49%,
11/24/24
.
118
122
991132841.UG.FTS.B,
29.49%,
11/24/24
.
182
187
991133954.UG.FTS.B,
29.49%,
11/24/24
.
157
161
991136216.UG.FTS.B,
29.49%,
11/24/24
.
626
640
991136294.UG.FTS.B,
29.49%,
11/24/24
.
235
241
991136470.UG.FTS.B,
29.49%,
11/24/24
.
126
130
991136474.UG.FTS.B,
29.49%,
11/24/24
.
83
(4)
991139329.UG.FTS.B,
29.49%,
11/24/24
.
372
385
991139572.UG.FTS.B,
29.49%,
11/24/24
.
289
300
991140287.UG.FTS.B,
29.49%,
11/24/24
.
177
182
991141971.UG.FTS.B,
29.49%,
11/24/24
.
1,162
1,197
991142998.UG.FTS.B,
29.49%,
11/24/24
.
123
130
991143703.UG.FTS.B,
29.49%,
11/24/24
.
394
405
991143710.UG.FTS.B,
29.49%,
11/24/24
.
48
3
991143899.UG.FTS.B,
29.49%,
11/24/24
.
685
706
991145592.UG.FTS.B,
29.49%,
11/24/24
.
148
151
991149352.UG.FTS.B,
29.49%,
11/24/24
.
559
576
991150241.UG.FTS.B,
29.49%,
11/24/24
.
790
820
991151961.UG.FTS.B,
29.49%,
11/24/24
.
239
244
991155898.UG.FTS.B,
29.49%,
11/24/24
.
70
71
991156213.UG.FTS.B,
29.49%,
11/24/24
.
146
152
991161452.UG.FTS.B,
29.49%,
11/24/24
.
324
(6)
991161637.UG.FTS.B,
29.49%,
11/24/24
.
–
–
991163344.UG.FTS.B,
29.49%,
11/24/24
.
210
217
991163976.UG.FTS.B,
29.49%,
11/24/24
.
16
16
991164259.UG.FTS.B,
29.49%,
11/24/24
.
153
155
991165060.UG.FTS.B,
29.49%,
11/24/24
.
185
196
991168963.UG.FTS.B,
29.49%,
11/24/24
.
1,060
1,103
991170242.UG.FTS.B,
29.49%,
11/24/24
.
50
51
991176160.UG.FTS.B,
29.49%,
11/24/24
.
279
287
991181375.UG.FTS.B,
29.49%,
11/24/24
.
70
71
991184455.UG.FTS.B,
29.49%,
11/24/24
.
65
65
991186396.UG.FTS.B,
29.49%,
11/24/24
.
77
79
991187559.UG.FTS.B,
29.49%,
11/24/24
.
127
129
991195977.UG.FTS.B,
29.49%,
11/24/24
.
103
108
991200737.UG.FTS.B,
29.49%,
11/24/24
.
105
109
991204547.UG.FTS.B,
29.49%,
11/24/24
.
252
259
991210110.UG.FTS.B,
29.49%,
11/24/24
.
369
382
991214129.UG.FTS.B,
29.49%,
11/24/24
.
26
27
991214440.UG.FTS.B,
29.49%,
11/24/24
.
1,583
1,602
991215523.UG.FTS.B,
29.49%,
11/24/24
.
133
10
991219396.UG.FTS.B,
29.49%,
11/24/24
.
24
24
991222437.UG.FTS.B,
29.49%,
11/24/24
.
248
256
991235136.UG.FTS.B,
29.49%,
11/24/24
.
137
142
991236708.UG.FTS.B,
29.49%,
11/24/24
.
98
(1)
991258119.UG.FTS.B,
29.49%,
11/24/24
.
127
18
991268450.UG.FTS.B,
29.49%,
11/24/24
.
147
151
991268834.UG.FTS.B,
29.49%,
11/24/24
.
78
79
991270507.UG.FTS.B,
29.49%,
11/24/24
.
1,296
1,322
991277509.UG.FTS.B,
29.49%,
11/24/24
.
1,323
1,356
991279385.UG.FTS.B,
29.49%,
11/24/24
.
67
68
991281718.UG.FTS.B,
29.49%,
11/24/24
.
122
124
991281845.UG.FTS.B,
29.49%,
11/24/24
.
59
59
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
239
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991282646.UG.FTS.B,
29.49%,
11/24/24
.
$
–
$
–
991282728.UG.FTS.B,
29.49%,
11/24/24
.
211
216
991288667.UG.FTS.B,
29.49%,
11/24/24
.
188
197
991290619.UG.FTS.B,
29.49%,
11/24/24
.
27
27
991307905.UG.FTS.B,
29.49%,
11/24/24
.
301
1
991323531.UG.FTS.B,
29.49%,
11/24/24
.
719
748
991117070.UG.FTS.B,
Zero
Cpn,
11/25/24
298
21
991122540.UG.FTS.B,
Zero
Cpn,
11/25/24
65
5
991133885.UG.FTS.B,
Zero
Cpn,
11/25/24
421
29
991148863.UG.FTS.B,
Zero
Cpn,
11/25/24
2,932
205
991240861.UG.FTS.B,
Zero
Cpn,
11/25/24
101
7
991306187.UG.FTS.B,
Zero
Cpn,
11/25/24
34
2
991306805.UG.FTS.B,
Zero
Cpn,
11/25/24
49
3
991317263.UG.FTS.B,
Zero
Cpn,
11/25/24
96
7
991114903.UG.FTS.B,
16.99%,
11/25/24
..
4,355
4,378
991125659.UG.FTS.B,
16.99%,
11/25/24
.
825
824
991117535.UG.FTS.B,
18.97%,
11/25/24
..
141
142
991119264.UG.FTS.B,
18.97%,
11/25/24
..
1,064
1,089
991152518.UG.FTS.B,
18.97%,
11/25/24
.
155
159
991174170.UG.FTS.B,
18.97%,
11/25/24
.
–
–
991263852.UG.FTS.B,
18.97%,
11/25/24
.
15
15
991306855.UG.FTS.B,
18.97%,
11/25/24
.
80
82
991313299.UG.FTS.B,
18.97%,
11/25/24
.
300
305
991116937.UG.FTS.B,
19.21%,
11/25/24
..
179
180
991172772.UG.FTS.B,
19.21%,
11/25/24
.
103
103
991324986.UG.FTS.B,
19.21%,
11/25/24
.
10
10
991135355.UG.FTS.B,
19.8%,
11/25/24
..
329
333
991158798.UG.FTS.B,
19.8%,
11/25/24
..
1,089
1,080
991270419.UG.FTS.B,
19.8%,
11/25/24
..
153
156
991122293.UG.FTS.B,
19.99%,
11/25/24
.
281
293
991131747.UG.FTS.B,
19.99%,
11/25/24
.
222
229
991140060.UG.FTS.B,
19.99%,
11/25/24
.
184
193
991163175.UG.FTS.B,
19.99%,
11/25/24
.
300
315
991176181.UG.FTS.B,
19.99%,
11/25/24
.
1,283
1,344
991215203.UG.FTS.B,
19.99%,
11/25/24
.
104
106
991224252.UG.FTS.B,
19.99%,
11/25/24
.
90
91
991236723.UG.FTS.B,
19.99%,
11/25/24
.
80
82
991267063.UG.FTS.B,
19.99%,
11/25/24
.
93
98
991288791.UG.FTS.B,
19.99%,
11/25/24
.
307
25
991119847.UG.FTS.B,
20.46%,
11/25/24
..
73
75
991182494.UG.FTS.B,
20.46%,
11/25/24
.
680
685
991264715.UG.FTS.B,
20.46%,
11/25/24
.
69
69
991121647.UG.FTS.B,
21.46%,
11/25/24
.
969
988
991142513.UG.FTS.B,
21.46%,
11/25/24
.
361
365
991164983.UG.FTS.B,
21.46%,
11/25/24
.
206
205
991286579.UG.FTS.B,
21.46%,
11/25/24
.
163
167
991306513.UG.FTS.B,
21.46%,
11/25/24
.
114
114
991115318.UG.FTS.B,
21.97%,
11/25/24
..
2,469
8
991116716.UG.FTS.B,
21.98%,
11/25/24
..
458
5
991255671.UG.FTS.B,
21.98%,
11/25/24
.
54
54
991124788.UG.FTS.B,
22.97%,
11/25/24
.
477
64
991191606.UG.FTS.B,
22.97%,
11/25/24
.
288
296
991255163.UG.FTS.B,
22.97%,
11/25/24
.
149
153
991256379.UG.FTS.B,
22.97%,
11/25/24
.
505
520
991261427.UG.FTS.B,
22.97%,
11/25/24
.
77
78
991175860.UG.FTS.B,
23.95%,
11/25/24
.
1,289
1,327
991277527.UG.FTS.B,
23.95%,
11/25/24
.
132
134
991123245.UG.FTS.B,
26.94%,
11/25/24
.
575
576
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991189173.UG.FTS.B,
26.94%,
11/25/24
.
$
310
$
320
991127467.UG.FTS.B,
27.95%,
11/25/24
.
1,673
1,756
991114837.UG.FTS.B,
28.98%,
11/25/24
..
667
699
991115331.UG.FTS.B,
28.98%,
11/25/24
..
43
43
991117612.UG.FTS.B,
28.98%,
11/25/24
..
40
41
991118441.UG.FTS.B,
28.98%,
11/25/24
..
112
117
991122683.UG.FTS.B,
28.98%,
11/25/24
.
351
368
991124327.UG.FTS.B,
28.98%,
11/25/24
.
247
259
991124698.UG.FTS.B,
28.98%,
11/25/24
.
683
716
991124999.UG.FTS.B,
28.98%,
11/25/24
.
359
376
991125540.UG.FTS.B,
28.98%,
11/25/24
.
131
137
991125717.UG.FTS.B,
28.98%,
11/25/24
.
175
184
991125941.UG.FTS.B,
28.98%,
11/25/24
.
162
167
991125944.UG.FTS.B,
28.98%,
11/25/24
.
79
83
991126266.UG.FTS.B,
28.98%,
11/25/24
.
1,339
1,403
991128711.UG.FTS.B,
28.98%,
11/25/24
..
11
11
991129030.UG.FTS.B,
28.98%,
11/25/24
.
343
352
991129208.UG.FTS.B,
28.98%,
11/25/24
.
830
858
991133589.UG.FTS.B,
28.98%,
11/25/24
.
102
107
991133888.UG.FTS.B,
28.98%,
11/25/24
.
37
38
991134858.UG.FTS.B,
28.98%,
11/25/24
.
1,384
1,452
991145121.UG.FTS.B,
28.98%,
11/25/24
.
93
97
991145424.UG.FTS.B,
28.98%,
11/25/24
.
359
369
991147130.UG.FTS.B,
28.98%,
11/25/24
.
120
125
991147206.UG.FTS.B,
28.98%,
11/25/24
.
188
197
991149439.UG.FTS.B,
28.98%,
11/25/24
.
501
510
991150565.UG.FTS.B,
28.98%,
11/25/24
.
12
12
991156387.UG.FTS.B,
28.98%,
11/25/24
.
991
1,026
991161711.UG.FTS.B,
28.98%,
11/25/24
..
349
367
991162242.UG.FTS.B,
28.98%,
11/25/24
.
326
337
991164917.UG.FTS.B,
28.98%,
11/25/24
.
168
(6)
991165048.UG.FTS.B,
28.98%,
11/25/24
.
166
174
991171282.UG.FTS.B,
28.98%,
11/25/24
.
155
163
991171546.UG.FTS.B,
28.98%,
11/25/24
.
520
73
991190392.UG.FTS.B,
28.98%,
11/25/24
.
214
221
991192050.UG.FTS.B,
28.98%,
11/25/24
.
199
208
991194778.UG.FTS.B,
28.98%,
11/25/24
.
104
109
991213714.UG.FTS.B,
28.98%,
11/25/24
.
131
134
991217697.UG.FTS.B,
28.98%,
11/25/24
.
550
576
991232781.UG.FTS.B,
28.98%,
11/25/24
.
60
61
991238195.UG.FTS.B,
28.98%,
11/25/24
.
21
21
991241166.UG.FTS.B,
28.98%,
11/25/24
.
192
199
991271427.UG.FTS.B,
28.98%,
11/25/24
.
142
149
991283748.UG.FTS.B,
28.98%,
11/25/24
.
109
113
991287710.UG.FTS.B,
28.98%,
11/25/24
.
163
170
991298998.UG.FTS.B,
28.98%,
11/25/24
.
274
284
991300522.UG.FTS.B,
28.98%,
11/25/24
.
321
334
991315551.UG.FTS.B,
28.98%,
11/25/24
.
159
162
991317211.UG.FTS.B,
28.98%,
11/25/24
.
28
29
991321301.UG.FTS.B,
28.98%,
11/25/24
.
53
(2)
991321544.UG.FTS.B,
28.98%,
11/25/24
.
601
625
991115925.UG.FTS.B,
29.49%,
11/25/24
..
62
5
991116837.UG.FTS.B,
29.49%,
11/25/24
..
398
409
991117085.UG.FTS.B,
29.49%,
11/25/24
..
595
609
991117532.UG.FTS.B,
29.49%,
11/25/24
..
183
195
991117679.UG.FTS.B,
29.49%,
11/25/24
..
231
244
991118346.UG.FTS.B,
29.49%,
11/25/24
..
1,753
1,797
991121686.UG.FTS.B,
29.49%,
11/25/24
.
415
425
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
240
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991122800.UG.FTS.B,
29.49%,
11/25/24
.
$
1,070
$
1,113
991123332.UG.FTS.B,
29.49%,
11/25/24
.
173
184
991124925.UG.FTS.B,
29.49%,
11/25/24
.
177
187
991125161.UG.FTS.B,
29.49%,
11/25/24
.
377
31
991125210.UG.FTS.B,
29.49%,
11/25/24
.
48
50
991125662.UG.FTS.B,
29.49%,
11/25/24
.
322
342
991126342.UG.FTS.B,
29.49%,
11/25/24
.
11
12
991129403.UG.FTS.B,
29.49%,
11/25/24
.
206
14
991131758.UG.FTS.B,
29.49%,
11/25/24
.
126
132
991134480.UG.FTS.B,
29.49%,
11/25/24
.
168
178
991134595.UG.FTS.B,
29.49%,
11/25/24
.
161
27
991135715.UG.FTS.B,
29.49%,
11/25/24
.
29
25
991136662.UG.FTS.B,
29.49%,
11/25/24
.
142
8
991143939.UG.FTS.B,
29.49%,
11/25/24
.
203
211
991144362.UG.FTS.B,
29.49%,
11/25/24
.
210
216
991144465.UG.FTS.B,
29.49%,
11/25/24
.
66
10
991145376.UG.FTS.B,
29.49%,
11/25/24
.
46
(3)
991145776.UG.FTS.B,
29.49%,
11/25/24
.
18
19
991158315.UG.FTS.B,
29.49%,
11/25/24
.
170
181
991158553.UG.FTS.B,
29.49%,
11/25/24
.
15
15
991160063.UG.FTS.B,
29.49%,
11/25/24
.
308
309
991163261.UG.FTS.B,
29.49%,
11/25/24
.
282
296
991164308.UG.FTS.B,
29.49%,
11/25/24
.
100
105
991166873.UG.FTS.B,
29.49%,
11/25/24
.
82
88
991167168.UG.FTS.B,
29.49%,
11/25/24
.
1,082
1,139
991168233.UG.FTS.B,
29.49%,
11/25/24
.
1,404
1,467
991170025.UG.FTS.B,
29.49%,
11/25/24
.
88
93
991170031.UG.FTS.B,
29.49%,
11/25/24
.
203
204
991173770.UG.FTS.B,
29.49%,
11/25/24
.
205
216
991175550.UG.FTS.B,
29.49%,
11/25/24
.
18
18
991180816.UG.FTS.B,
29.49%,
11/25/24
.
164
172
991191585.UG.FTS.B,
29.49%,
11/25/24
.
148
153
991193559.UG.FTS.B,
29.49%,
11/25/24
.
362
362
991194512.UG.FTS.B,
29.49%,
11/25/24
.
159
165
991196806.UG.FTS.B,
29.49%,
11/25/24
.
3,843
4,021
991196856.UG.FTS.B,
29.49%,
11/25/24
.
361
384
991197724.UG.FTS.B,
29.49%,
11/25/24
.
118
123
991200416.UG.FTS.B,
29.49%,
11/25/24
.
180
192
991200661.UG.FTS.B,
29.49%,
11/25/24
.
511
540
991206631.UG.FTS.B,
29.49%,
11/25/24
.
101
106
991206760.UG.FTS.B,
29.49%,
11/25/24
.
75
79
991225463.UG.FTS.B,
29.49%,
11/25/24
.
101
9
991226122.UG.FTS.B,
29.49%,
11/25/24
.
106
111
991230132.UG.FTS.B,
29.49%,
11/25/24
.
757
791
991233017.UG.FTS.B,
29.49%,
11/25/24
.
166
175
991242301.UG.FTS.B,
29.49%,
11/25/24
.
11
12
991242467.UG.FTS.B,
29.49%,
11/25/24
.
285
298
991244179.UG.FTS.B,
29.49%,
11/25/24
.
167
175
991245747.UG.FTS.B,
29.49%,
11/25/24
.
454
477
991246604.UG.FTS.B,
29.49%,
11/25/24
.
82
83
991251748.UG.FTS.B,
29.49%,
11/25/24
.
–
–
991252608.UG.FTS.B,
29.49%,
11/25/24
.
106
107
991261151.UG.FTS.B,
29.49%,
11/25/24
.
466
485
991263083.UG.FTS.B,
29.49%,
11/25/24
.
78
82
991283279.UG.FTS.B,
29.49%,
11/25/24
.
232
242
991284133.UG.FTS.B,
29.49%,
11/25/24
.
33
34
991288985.UG.FTS.B,
29.49%,
11/25/24
.
59
62
991298538.UG.FTS.B,
29.49%,
11/25/24
.
79
5
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991299072.UG.FTS.B,
29.49%,
11/25/24
.
$
215
$
224
991301708.UG.FTS.B,
29.49%,
11/25/24
.
704
739
991321816.UG.FTS.B,
29.49%,
11/25/24
.
412
429
991321882.UG.FTS.B,
29.49%,
11/25/24
.
462
482
991322358.UG.FTS.B,
29.49%,
11/25/24
.
34
35
991323736.UG.FTS.B,
29.49%,
11/25/24
.
178
186
991125012.UG.FTS.B,
Zero
Cpn,
11/26/24
554
38
991212146.UG.FTS.B,
Zero
Cpn,
11/26/24
131
9
991238481.UG.FTS.B,
15%,
11/26/24
....
96
96
991151613.UG.FTS.B,
15.97%,
11/26/24
.
160
160
991124907.UG.FTS.B,
16.99%,
11/26/24
.
1,291
1,292
991207377.UG.FTS.B,
16.99%,
11/26/24
.
481
481
991221696.UG.FTS.B,
16.99%,
11/26/24
.
359
355
991268051.UG.FTS.B,
17.99%,
11/26/24
.
27
–
991123365.UG.FTS.B,
18.97%,
11/26/24
.
27
27
991132812.UG.FTS.B,
18.97%,
11/26/24
.
1,240
1,248
991252958.UG.FTS.B,
18.97%,
11/26/24
.
351
347
991123371.UG.FTS.B,
19.21%,
11/26/24
.
639
640
991133507.UG.FTS.B,
19.21%,
11/26/24
.
10
10
991190181.UG.FTS.B,
19.8%,
11/26/24
..
143
144
991208065.UG.FTS.B,
19.8%,
11/26/24
..
303
223
991232410.UG.FTS.B,
19.8%,
11/26/24
..
906
913
991270877.UG.FTS.B,
19.8%,
11/26/24
..
289
290
991277503.UG.FTS.B,
19.8%,
11/26/24
..
281
280
991296143.UG.FTS.B,
19.8%,
11/26/24
..
251
252
991130530.UG.FTS.B,
19.99%,
11/26/24
.
34
34
991135690.UG.FTS.B,
20.46%,
11/26/24
.
161
161
991165225.UG.FTS.B,
20.46%,
11/26/24
.
123
123
991195046.UG.FTS.B,
20.46%,
11/26/24
.
53
53
991142576.UG.FTS.B,
20.97%,
11/26/24
.
241
243
991212679.UG.FTS.B,
20.97%,
11/26/24
.
183
185
991251274.UG.FTS.B,
20.97%,
11/26/24
.
443
447
991254536.UG.FTS.B,
20.97%,
11/26/24
.
379
382
991147177.UG.FTS.B,
21.46%,
11/26/24
.
61
61
991147747.UG.FTS.B,
21.46%,
11/26/24
.
450
451
991165687.UG.FTS.B,
21.46%,
11/26/24
.
712
713
991202672.UG.FTS.B,
21.46%,
11/26/24
.
76
76
991205086.UG.FTS.B,
21.46%,
11/26/24
.
26
26
991205269.UG.FTS.B,
21.46%,
11/26/24
.
130
130
991217520.UG.FTS.B,
21.46%,
11/26/24
.
625
631
991134541.UG.FTS.B,
21.98%,
11/26/24
.
1,339
1,348
991179611.UG.FTS.B,
21.98%,
11/26/24
..
273
3
991183089.UG.FTS.B,
21.98%,
11/26/24
.
90
91
991314717.UG.FTS.B,
22.97%,
11/26/24
.
134
135
991133863.UG.FTS.B,
23.95%,
11/26/24
.
1,923
1,924
991154720.UG.FTS.B,
23.95%,
11/26/24
.
1,025
(14)
991275989.UG.FTS.B,
23.95%,
11/26/24
.
959
(13)
991172299.UG.FTS.B,
26.94%,
11/26/24
.
284
287
991132975.UG.FTS.B,
28.98%,
11/26/24
.
2,016
288
991147362.UG.FTS.B,
28.98%,
11/26/24
.
116
120
991132980.UG.FTS.B,
29.49%,
11/26/24
.
514
522
991146899.UG.FTS.B,
29.49%,
11/26/24
.
648
460
991155738.UG.FTS.B,
29.49%,
11/26/24
.
56
8
991157120.UG.FTS.B,
29.49%,
11/26/24
.
89
91
991136247.UG.FTS.B,
Zero
Cpn,
11/27/24
227
15
991147084.UG.FTS.B,
Zero
Cpn,
11/27/24
522
35
991148735.UG.FTS.B,
Zero
Cpn,
11/27/24
208
14
991153018.UG.FTS.B,
Zero
Cpn,
11/27/24
118
8
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
241
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991340225.UG.FTS.B,
Zero
Cpn,
11/27/24
$
1,198
$
83
991194474.UG.FTS.B,
14.98%,
11/27/24
.
534
538
991197902.UG.FTS.B,
15.97%,
11/27/24
.
4,313
4,336
991269633.UG.FTS.B,
15.97%,
11/27/24
.
4,533
4,558
991143730.UG.FTS.B,
16.99%,
11/27/24
.
42
42
991168876.UG.FTS.B,
16.99%,
11/27/24
.
24
24
991213989.UG.FTS.B,
16.99%,
11/27/24
.
570
572
991340740.UG.FTS.B,
16.99%,
11/27/24
.
199
3
991346650.UG.FTS.B,
16.99%,
11/27/24
.
2,526
2,529
991135757.UG.FTS.B,
17.99%,
11/27/24
.
1,462
1,467
991137629.UG.FTS.B,
17.99%,
11/27/24
.
337
339
991164583.UG.FTS.B,
17.99%,
11/27/24
.
172
172
991165876.UG.FTS.B,
17.99%,
11/27/24
.
1,112
1,105
991167230.UG.FTS.B,
17.99%,
11/27/24
.
953
956
991171681.UG.FTS.B,
17.99%,
11/27/24
.
117
118
991193917.UG.FTS.B,
17.99%,
11/27/24
.
–
–
991229636.UG.FTS.B,
17.99%,
11/27/24
.
158
158
991238147.UG.FTS.B,
17.99%,
11/27/24
.
49
49
991302342.UG.FTS.B,
17.99%,
11/27/24
.
135
135
991311828.UG.FTS.B,
17.99%,
11/27/24
.
271
271
991187964.UG.FTS.B,
18.97%,
11/27/24
.
134
135
991330539.UG.FTS.B,
18.97%,
11/27/24
.
132
132
991133969.UG.FTS.B,
19.21%,
11/27/24
.
966
968
991136674.UG.FTS.B,
19.21%,
11/27/24
.
1,107
143
991140136.UG.FTS.B,
19.21%,
11/27/24
.
415
417
991154356.UG.FTS.B,
19.21%,
11/27/24
.
206
207
991179150.UG.FTS.B,
19.21%,
11/27/24
.
87
88
991227450.UG.FTS.B,
19.21%,
11/27/24
.
163
163
991349075.UG.FTS.B,
19.21%,
11/27/24
.
132
132
991133407.UG.FTS.B,
19.8%,
11/27/24
..
204
206
991137424.UG.FTS.B,
19.8%,
11/27/24
..
810
104
991146767.UG.FTS.B,
19.8%,
11/27/24
..
22
22
991221997.UG.FTS.B,
19.8%,
11/27/24
..
366
369
991223353.UG.FTS.B,
19.8%,
11/27/24
..
219
221
991133458.UG.FTS.B,
19.99%,
11/27/24
.
329
338
991133653.UG.FTS.B,
19.99%,
11/27/24
.
643
656
991137535.UG.FTS.B,
19.99%,
11/27/24
.
715
736
991279516.UG.FTS.B,
20.46%,
11/27/24
.
429
430
991147391.UG.FTS.B,
20.97%,
11/27/24
.
50
50
991137442.UG.FTS.B,
21.46%,
11/27/24
.
306
309
991142775.UG.FTS.B,
21.46%,
11/27/24
.
407
411
991195929.UG.FTS.B,
21.46%,
11/27/24
.
87
85
991217112.UG.FTS.B,
21.46%,
11/27/24
.
314
317
991136781.UG.FTS.B,
22.97%,
11/27/24
.
12
2
991139768.UG.FTS.B,
22.97%,
11/27/24
.
1,575
1,583
991151923.UG.FTS.B,
22.97%,
11/27/24
.
331
335
991156801.UG.FTS.B,
22.97%,
11/27/24
.
278
278
991157209.UG.FTS.B,
22.97%,
11/27/24
.
368
370
991342840.UG.FTS.B,
23.95%,
11/27/24
.
300
300
991145320.UG.FTS.B,
25.94%,
11/27/24
.
154
156
991136925.UG.FTS.B,
27.95%,
11/27/24
.
41
41
991133623.UG.FTS.B,
28.98%,
11/27/24
.
365
371
991136113.UG.FTS.B,
28.98%,
11/27/24
..
532
546
991137401.UG.FTS.B,
28.98%,
11/27/24
.
1,505
(104)
991137681.UG.FTS.B,
28.98%,
11/27/24
.
185
187
991141680.UG.FTS.B,
28.98%,
11/27/24
.
1,585
1,619
991145237.UG.FTS.B,
28.98%,
11/27/24
.
141
142
991146278.UG.FTS.B,
28.98%,
11/27/24
.
–
–
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991146536.UG.FTS.B,
28.98%,
11/27/24
.
$
990
$
1,005
991148645.UG.FTS.B,
28.98%,
11/27/24
.
66
67
991149767.UG.FTS.B,
28.98%,
11/27/24
.
117
120
991153254.UG.FTS.B,
28.98%,
11/27/24
.
181
146
991154494.UG.FTS.B,
28.98%,
11/27/24
.
160
165
991155413.UG.FTS.B,
28.98%,
11/27/24
.
489
492
991157851.UG.FTS.B,
28.98%,
11/27/24
.
164
168
991159411.UG.FTS.B,
28.98%,
11/27/24
..
12
12
991136166.UG.FTS.B,
29.49%,
11/27/24
.
540
545
991138272.UG.FTS.B,
29.49%,
11/27/24
.
562
578
991138662.UG.FTS.B,
29.49%,
11/27/24
.
40
41
991139221.UG.FTS.B,
29.49%,
11/27/24
.
1,331
1,369
991140086.UG.FTS.B,
29.49%,
11/27/24
.
298
308
991141537.UG.FTS.B,
29.49%,
11/27/24
.
475
489
991141591.UG.FTS.B,
29.49%,
11/27/24
.
2,802
2,901
991142241.UG.FTS.B,
29.49%,
11/27/24
.
264
269
991143723.UG.FTS.B,
29.49%,
11/27/24
.
9
9
991147761.UG.FTS.B,
29.49%,
11/27/24
.
83
87
991149782.UG.FTS.B,
29.49%,
11/27/24
.
287
292
991149959.UG.FTS.B,
29.49%,
11/27/24
.
399
398
991154506.UG.FTS.B,
29.49%,
11/27/24
.
58
60
991154606.UG.FTS.B,
29.49%,
11/27/24
.
71
54
991159222.UG.FTS.B,
29.49%,
11/27/24
.
405
414
991147630.UG.FTS.B,
Zero
Cpn,
11/28/24
1,242
85
991216129.UG.FTS.B,
Zero
Cpn,
11/28/24
420
29
991236965.UG.FTS.B,
Zero
Cpn,
11/28/24
297
20
991148717.UG.FTS.B,
14.98%,
11/28/24
.
69
68
991164558.UG.FTS.B,
15%,
11/28/24
....
485
60
991195096.UG.FTS.B,
15.97%,
11/28/24
.
140
141
991144663.UG.FTS.B,
16.99%,
11/28/24
.
227
228
991149169.UG.FTS.B,
16.99%,
11/28/24
.
508
511
991213840.UG.FTS.B,
16.99%,
11/28/24
.
98
97
991345796.UG.FTS.B,
16.99%,
11/28/24
.
753
754
991144191.UG.FTS.B,
17.99%,
11/28/24
.
289
288
991146518.UG.FTS.B,
17.99%,
11/28/24
.
95
95
991193408.UG.FTS.B,
17.99%,
11/28/24
.
162
163
991217642.UG.FTS.B,
17.99%,
11/28/24
.
207
206
991195592.UG.FTS.B,
18.97%,
11/28/24
.
135
136
991196672.UG.FTS.B,
18.97%,
11/28/24
.
791
795
991217180.UG.FTS.B,
18.97%,
11/28/24
.
530
530
991254497.UG.FTS.B,
18.97%,
11/28/24
.
272
274
991331498.UG.FTS.B,
18.97%,
11/28/24
.
507
507
991143592.UG.FTS.B,
19.21%,
11/28/24
.
1,070
84
991170972.UG.FTS.B,
19.21%,
11/28/24
.
52
52
991188168.UG.FTS.B,
19.21%,
11/28/24
.
185
186
991198356.UG.FTS.B,
19.21%,
11/28/24
.
309
311
991201541.UG.FTS.B,
19.21%,
11/28/24
.
1,358
1,367
991217213.UG.FTS.B,
19.21%,
11/28/24
.
4
4
991274860.UG.FTS.B,
19.21%,
11/28/24
.
261
259
991293437.UG.FTS.B,
19.21%,
11/28/24
.
174
175
991151832.UG.FTS.B,
19.8%,
11/28/24
..
240
242
991222744.UG.FTS.B,
19.8%,
11/28/24
..
126
127
991252549.UG.FTS.B,
19.8%,
11/28/24
..
708
714
991258450.UG.FTS.B,
19.8%,
11/28/24
..
212
212
991355941.UG.FTS.B,
19.8%,
11/28/24
..
822
823
991145907.UG.FTS.B,
19.99%,
11/28/24
.
501
500
991146497.UG.FTS.B,
19.99%,
11/28/24
.
36
36
991159150.UG.FTS.B,
19.99%,
11/28/24
.
66
68
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
242
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991150251.UG.FTS.B,
20.46%,
11/28/24
.
$
335
$
5
991150540.UG.FTS.B,
20.46%,
11/28/24
.
86
86
991194986.UG.FTS.B,
20.46%,
11/28/24
.
11
11
991146514.UG.FTS.B,
20.97%,
11/28/24
.
78
78
991169829.UG.FTS.B,
20.97%,
11/28/24
.
28
28
991190759.UG.FTS.B,
20.97%,
11/28/24
.
234
236
991197495.UG.FTS.B,
20.97%,
11/28/24
.
12
12
991239355.UG.FTS.B,
21.46%,
11/28/24
.
3,900
3,882
991153356.UG.FTS.B,
21.97%,
11/28/24
.
216
217
991198294.UG.FTS.B,
21.97%,
11/28/24
.
79
1
991143292.UG.FTS.B,
21.98%,
11/28/24
.
350
350
991182716.UG.FTS.B,
21.98%,
11/28/24
.
325
324
991251155.UG.FTS.B,
21.98%,
11/28/24
.
798
803
991143207.UG.FTS.B,
22.97%,
11/28/24
.
45
45
991199081.UG.FTS.B,
22.97%,
11/28/24
.
21
21
991213837.UG.FTS.B,
22.97%,
11/28/24
.
35
5
991270842.UG.FTS.B,
22.97%,
11/28/24
.
261
264
991322514.UG.FTS.B,
22.97%,
11/28/24
.
1,115
1,117
991216089.UG.FTS.B,
26.94%,
11/28/24
.
172
171
991146472.UG.FTS.B,
27.99%,
11/28/24
.
560
577
991142742.UG.FTS.B,
28.98%,
11/28/24
.
28
28
991142817.UG.FTS.B,
28.98%,
11/28/24
.
420
428
991142924.UG.FTS.B,
28.98%,
11/28/24
.
98
99
991146261.UG.FTS.B,
28.98%,
11/28/24
.
153
20
991146586.UG.FTS.B,
28.98%,
11/28/24
.
11
11
991148315.UG.FTS.B,
28.98%,
11/28/24
.
1,031
79
991151631.UG.FTS.B,
28.98%,
11/28/24
.
81
82
991153791.UG.FTS.B,
28.98%,
11/28/24
.
331
338
991157101.UG.FTS.B,
28.98%,
11/28/24
.
610
85
991158343.UG.FTS.B,
28.98%,
11/28/24
.
1,086
1,109
991158370.UG.FTS.B,
28.98%,
11/28/24
.
203
205
991186304.UG.FTS.B,
28.98%,
11/28/24
.
225
32
991220671.UG.FTS.B,
28.98%,
11/28/24
.
370
378
991143196.UG.FTS.B,
29.49%,
11/28/24
.
209
216
991143321.UG.FTS.B,
29.49%,
11/28/24
.
187
194
991144250.UG.FTS.B,
29.49%,
11/28/24
.
154
161
991145177.UG.FTS.B,
29.49%,
11/28/24
.
41
41
991145498.UG.FTS.B,
29.49%,
11/28/24
.
434
453
991146041.UG.FTS.B,
29.49%,
11/28/24
.
272
282
991146846.UG.FTS.B,
29.49%,
11/28/24
.
14
14
991146864.UG.FTS.B,
29.49%,
11/28/24
.
95
98
991146991.UG.FTS.B,
29.49%,
11/28/24
.
56
56
991148558.UG.FTS.B,
29.49%,
11/28/24
.
153
153
991151597.UG.FTS.B,
29.49%,
11/28/24
.
162
163
991152923.UG.FTS.B,
29.49%,
11/28/24
.
394
403
991153180.UG.FTS.B,
29.49%,
11/28/24
.
1,362
1,406
991153263.UG.FTS.B,
29.49%,
11/28/24
.
14
14
991153896.UG.FTS.B,
29.49%,
11/28/24
.
131
132
991154246.UG.FTS.B,
29.49%,
11/28/24
.
92
94
991154357.UG.FTS.B,
29.49%,
11/28/24
.
21
21
991156207.UG.FTS.B,
29.49%,
11/28/24
.
54
(2)
991158156.UG.FTS.B,
29.49%,
11/28/24
.
370
382
991159070.UG.FTS.B,
29.49%,
11/28/24
.
159
164
991175476.UG.FTS.B,
29.49%,
11/28/24
.
89
(4)
991179397.UG.FTS.B,
29.49%,
11/28/24
.
28
29
991179981.UG.FTS.B,
29.49%,
11/28/24
.
45
46
991230823.UG.FTS.B,
29.49%,
11/28/24
.
39
39
991238098.UG.FTS.B,
29.49%,
11/28/24
.
7
7
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991250338.UG.FTS.B,
29.49%,
11/28/24
.
$
918
$
81
991149912.UG.FTS.B,
Zero
Cpn,
11/29/24
239
16
991168708.UG.FTS.B,
Zero
Cpn,
11/29/24
1,283
88
991171708.UG.FTS.B,
Zero
Cpn,
11/29/24
281
19
991189851.UG.FTS.B,
Zero
Cpn,
11/29/24
447
31
991190207.UG.FTS.B,
Zero
Cpn,
11/29/24
1,334
92
991246596.UG.FTS.B,
Zero
Cpn,
11/29/24
227
16
991182908.UG.FTS.B,
15.97%,
11/29/24
.
234
236
991201692.UG.FTS.B,
16.99%,
11/29/24
.
79
79
991217625.UG.FTS.B,
16.99%,
11/29/24
.
764
768
991154797.UG.FTS.B,
17.99%,
11/29/24
.
471
473
991160168.UG.FTS.B,
17.99%,
11/29/24
.
388
30
991185541.UG.FTS.B,
17.99%,
11/29/24
.
38
38
991246744.UG.FTS.B,
17.99%,
11/29/24
.
512
515
991217075.UG.FTS.B,
18.8%,
11/29/24
..
580
578
991156348.UG.FTS.B,
18.97%,
11/29/24
.
53
53
991196288.UG.FTS.B,
18.97%,
11/29/24
.
66
66
991258245.UG.FTS.B,
18.97%,
11/29/24
.
142
142
991152066.UG.FTS.B,
19.21%,
11/29/24
.
160
21
991159773.UG.FTS.B,
19.21%,
11/29/24
.
568
572
991177776.UG.FTS.B,
19.21%,
11/29/24
.
817
821
991190438.UG.FTS.B,
19.21%,
11/29/24
.
1,262
1,271
991207694.UG.FTS.B,
19.21%,
11/29/24
.
1,165
1,165
991289288.UG.FTS.B,
19.21%,
11/29/24
.
189
189
991217431.UG.FTS.B,
19.8%,
11/29/24
..
103
104
991266355.UG.FTS.B,
19.8%,
11/29/24
..
207
209
991155273.UG.FTS.B,
19.99%,
11/29/24
.
192
194
991161380.UG.FTS.B,
19.99%,
11/29/24
.
3,543
3,577
991179894.UG.FTS.B,
19.99%,
11/29/24
.
307
315
991185891.UG.FTS.B,
19.99%,
11/29/24
.
1,222
1,258
991178388.UG.FTS.B,
20.46%,
11/29/24
.
139
140
991215030.UG.FTS.B,
20.46%,
11/29/24
.
599
79
991150621.UG.FTS.B,
20.97%,
11/29/24
.
132
133
991153501.UG.FTS.B,
20.97%,
11/29/24
.
123
124
991163927.UG.FTS.B,
20.97%,
11/29/24
.
775
778
991185213.UG.FTS.B,
20.97%,
11/29/24
.
51
7
991187935.UG.FTS.B,
20.97%,
11/29/24
.
67
68
991199463.UG.FTS.B,
20.97%,
11/29/24
.
43
43
991231794.UG.FTS.B,
20.97%,
11/29/24
.
1,511
1,521
991166957.UG.FTS.B,
21.46%,
11/29/24
.
823
(2)
991198258.UG.FTS.B,
21.46%,
11/29/24
.
463
466
991276814.UG.FTS.B,
21.46%,
11/29/24
.
121
122
991210617.UG.FTS.B,
21.98%,
11/29/24
.
43
43
991230066.UG.FTS.B,
21.98%,
11/29/24
.
92
93
991151698.UG.FTS.B,
22.97%,
11/29/24
.
707
714
991178511.UG.FTS.B,
22.97%,
11/29/24
..
176
178
991260944.UG.FTS.B,
22.97%,
11/29/24
.
31
31
991152627.UG.FTS.B,
23.95%,
11/29/24
.
266
269
991270857.UG.FTS.B,
25.95%,
11/29/24
.
315
309
991152322.UG.FTS.B,
26.94%,
11/29/24
.
847
852
991216328.UG.FTS.B,
26.94%,
11/29/24
.
170
171
991149684.UG.FTS.B,
28.98%,
11/29/24
.
88
90
991149810.UG.FTS.B,
28.98%,
11/29/24
.
110
114
991149945.UG.FTS.B,
28.98%,
11/29/24
.
801
825
991149988.UG.FTS.B,
28.98%,
11/29/24
.
22
22
991151094.UG.FTS.B,
28.98%,
11/29/24
.
207
210
991151364.UG.FTS.B,
28.98%,
11/29/24
.
288
296
991151477.UG.FTS.B,
28.98%,
11/29/24
.
208
214
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
243
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991152201.UG.FTS.B,
28.98%,
11/29/24
.
$
437
$
440
991152419.UG.FTS.B,
28.98%,
11/29/24
.
8
8
991152664.UG.FTS.B,
28.98%,
11/29/24
.
121
123
991152924.UG.FTS.B,
28.98%,
11/29/24
.
22
22
991155365.UG.FTS.B,
28.98%,
11/29/24
.
103
106
991157592.UG.FTS.B,
28.98%,
11/29/24
.
133
136
991157704.UG.FTS.B,
28.98%,
11/29/24
.
479
489
991157882.UG.FTS.B,
28.98%,
11/29/24
.
62
64
991158118.UG.FTS.B,
28.98%,
11/29/24
..
127
131
991158495.UG.FTS.B,
28.98%,
11/29/24
.
179
180
991158651.UG.FTS.B,
28.98%,
11/29/24
.
76
76
991162272.UG.FTS.B,
28.98%,
11/29/24
.
528
541
991165881.UG.FTS.B,
28.98%,
11/29/24
.
192
196
991202283.UG.FTS.B,
28.98%,
11/29/24
.
220
226
991203049.UG.FTS.B,
28.98%,
11/29/24
.
620
634
991209578.UG.FTS.B,
28.98%,
11/29/24
.
170
175
991241558.UG.FTS.B,
28.98%,
11/29/24
.
242
249
991249093.UG.FTS.B,
28.98%,
11/29/24
.
918
922
991352702.UG.FTS.B,
28.98%,
11/29/24
.
48
48
991155116.UG.FTS.B,
29.46%,
11/29/24
..
1,602
1,652
991149634.UG.FTS.B,
29.49%,
11/29/24
.
134
138
991149899.UG.FTS.B,
29.49%,
11/29/24
.
25
25
991150696.UG.FTS.B,
29.49%,
11/29/24
.
86
86
991151079.UG.FTS.B,
29.49%,
11/29/24
.
93
94
991151085.UG.FTS.B,
29.49%,
11/29/24
.
408
421
991151981.UG.FTS.B,
29.49%,
11/29/24
.
122
121
991153994.UG.FTS.B,
29.49%,
11/29/24
.
639
658
991154879.UG.FTS.B,
29.49%,
11/29/24
.
768
789
991155137.UG.FTS.B,
29.49%,
11/29/24
.
7
7
991157887.UG.FTS.B,
29.49%,
11/29/24
.
86
88
991158334.UG.FTS.B,
29.49%,
11/29/24
.
367
378
991159782.UG.FTS.B,
29.49%,
11/29/24
.
204
210
991164378.UG.FTS.B,
29.49%,
11/29/24
.
242
250
991171550.UG.FTS.B,
29.49%,
11/29/24
.
508
515
991171572.UG.FTS.B,
29.49%,
11/29/24
.
68
69
991178434.UG.FTS.B,
29.49%,
11/29/24
.
58
59
991178591.UG.FTS.B,
29.49%,
11/29/24
.
142
147
991178887.UG.FTS.B,
29.49%,
11/29/24
.
231
18
991221367.UG.FTS.B,
29.49%,
11/29/24
.
259
262
991241808.UG.FTS.B,
29.49%,
11/29/24
.
310
313
991350865.UG.FTS.B,
29.49%,
11/29/24
.
50
51
991352691.UG.FTS.B,
29.49%,
11/29/24
.
85
87
991155680.UG.FTS.B,
Zero
Cpn,
11/30/24
85
6
991157632.UG.FTS.B,
Zero
Cpn,
11/30/24
1,257
88
991168731.UG.FTS.B,
Zero
Cpn,
11/30/24
483
33
991170707.UG.FTS.B,
Zero
Cpn,
11/30/24
1,472
100
991178486.UG.FTS.B,
Zero
Cpn,
11/30/24
159
11
991183810.UG.FTS.B,
Zero
Cpn,
11/30/24
57
4
991246597.UG.FTS.B,
Zero
Cpn,
11/30/24
283
19
991323243.UG.FTS.B,
Zero
Cpn,
11/30/24
750
50
991167597.UG.FTS.B,
19.21%,
11/30/24
.
130
131
991377384.UG.FTS.B,
19.21%,
11/30/24
.
144
147
991160154.UG.FTS.B,
19.8%,
11/30/24
..
104
105
991157062.UG.FTS.B,
19.99%,
11/30/24
.
607
621
991158131.UG.FTS.B,
19.99%,
11/30/24
.
406
414
991158195.UG.FTS.B,
19.99%,
11/30/24
.
18
18
991162077.UG.FTS.B,
19.99%,
11/30/24
.
321
330
991198832.UG.FTS.B,
19.99%,
11/30/24
.
109
111
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991210693.UG.FTS.B,
19.99%,
11/30/24
.
$
268
$
276
991220098.UG.FTS.B,
19.99%,
11/30/24
.
78
78
991222899.UG.FTS.B,
19.99%,
11/30/24
.
63
65
991237106.UG.FTS.B,
19.99%,
11/30/24
.
364
48
991238133.UG.FTS.B,
19.99%,
11/30/24
.
202
201
991239767.UG.FTS.B,
19.99%,
11/30/24
.
240
243
991277017.UG.FTS.B,
19.99%,
11/30/24
.
259
267
991157471.UG.FTS.B,
20.97%,
11/30/24
.
562
567
991266991.UG.FTS.B,
20.97%,
11/30/24
.
895
895
991273272.UG.FTS.B,
20.97%,
11/30/24
.
666
658
991178246.UG.FTS.B,
21.46%,
11/30/24
.
3,668
3,670
991222901.UG.FTS.B,
21.46%,
11/30/24
.
410
414
991212859.UG.FTS.B,
21.98%,
11/30/24
.
849
11
991227321.UG.FTS.B,
21.98%,
11/30/24
.
40
40
991214909.UG.FTS.B,
22.97%,
11/30/24
.
295
293
991294116.UG.FTS.B,
22.97%,
11/30/24
.
62
62
991245914.UG.FTS.B,
25.95%,
11/30/24
.
1
1
991179425.UG.FTS.B,
26.94%,
11/30/24
.
650
652
991157436.UG.FTS.B,
27.99%,
11/30/24
.
253
259
991184856.UG.FTS.B,
27.99%,
11/30/24
.
144
148
991310873.UG.FTS.B,
27.99%,
11/30/24
.
193
198
991156770.UG.FTS.B,
28.98%,
11/30/24
.
176
181
991158904.UG.FTS.B,
28.98%,
11/30/24
.
3
–
991159902.UG.FTS.B,
28.98%,
11/30/24
.
206
213
991161179.UG.FTS.B,
28.98%,
11/30/24
..
824
821
991161240.UG.FTS.B,
28.98%,
11/30/24
.
797
805
991162342.UG.FTS.B,
28.98%,
11/30/24
.
510
525
991163899.UG.FTS.B,
28.98%,
11/30/24
.
56
56
991164704.UG.FTS.B,
28.98%,
11/30/24
.
19
19
991164810.UG.FTS.B,
28.98%,
11/30/24
.
57
57
991165694.UG.FTS.B,
28.98%,
11/30/24
.
511
526
991165829.UG.FTS.B,
28.98%,
11/30/24
.
1,763
146
991170960.UG.FTS.B,
28.98%,
11/30/24
.
115
115
991174311.UG.FTS.B,
28.98%,
11/30/24
..
187
192
991174605.UG.FTS.B,
28.98%,
11/30/24
.
812
836
991180572.UG.FTS.B,
28.98%,
11/30/24
.
225
231
991181728.UG.FTS.B,
28.98%,
11/30/24
.
207
210
991184808.UG.FTS.B,
28.98%,
11/30/24
.
209
215
991185437.UG.FTS.B,
28.98%,
11/30/24
.
151
12
991186519.UG.FTS.B,
28.98%,
11/30/24
.
154
158
991190495.UG.FTS.B,
28.98%,
11/30/24
.
350
354
991193180.UG.FTS.B,
28.98%,
11/30/24
.
29
29
991194174.UG.FTS.B,
28.98%,
11/30/24
.
201
207
991204352.UG.FTS.B,
28.98%,
11/30/24
.
16
16
991226444.UG.FTS.B,
28.98%,
11/30/24
.
94
95
991232621.UG.FTS.B,
28.98%,
11/30/24
.
630
49
991247306.UG.FTS.B,
28.98%,
11/30/24
.
2,065
2,030
991253679.UG.FTS.B,
28.98%,
11/30/24
.
150
151
991253813.UG.FTS.B,
28.98%,
11/30/24
.
56
58
991255130.UG.FTS.B,
28.98%,
11/30/24
.
240
238
991260489.UG.FTS.B,
28.98%,
11/30/24
.
49
49
991263077.UG.FTS.B,
28.98%,
11/30/24
.
295
304
991290395.UG.FTS.B,
28.98%,
11/30/24
.
8
8
991299968.UG.FTS.B,
28.98%,
11/30/24
.
172
(5)
991301389.UG.FTS.B,
28.98%,
11/30/24
.
262
267
991311760.UG.FTS.B,
28.98%,
11/30/24
.
604
618
991312114.UG.FTS.B,
28.98%,
11/30/24
.
334
341
991322375.UG.FTS.B,
28.98%,
11/30/24
.
742
435
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
244
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991325045.UG.FTS.B,
28.98%,
11/30/24
.
$
77
$
78
991353871.UG.FTS.B,
28.98%,
11/30/24
.
77
81
991354445.UG.FTS.B,
28.98%,
11/30/24
.
220
226
991372018.UG.FTS.B,
28.98%,
11/30/24
.
181
188
991378438.UG.FTS.B,
28.98%,
11/30/24
.
167
173
991283230.UG.FTS.B,
29.48%,
11/30/24
.
152
156
991155380.UG.FTS.B,
29.49%,
11/30/24
.
13
13
991155673.UG.FTS.B,
29.49%,
11/30/24
.
446
461
991155966.UG.FTS.B,
29.49%,
11/30/24
.
451
465
991156148.UG.FTS.B,
29.49%,
11/30/24
.
433
447
991156343.UG.FTS.B,
29.49%,
11/30/24
.
379
383
991156625.UG.FTS.B,
29.49%,
11/30/24
.
342
355
991156672.UG.FTS.B,
29.49%,
11/30/24
.
273
40
991158265.UG.FTS.B,
29.49%,
11/30/24
.
113
16
991158386.UG.FTS.B,
29.49%,
11/30/24
.
674
685
991158421.UG.FTS.B,
29.49%,
11/30/24
.
472
484
991158842.UG.FTS.B,
29.49%,
11/30/24
.
205
211
991158862.UG.FTS.B,
29.49%,
11/30/24
.
226
233
991158874.UG.FTS.B,
29.49%,
11/30/24
.
191
30
991159301.UG.FTS.B,
29.49%,
11/30/24
.
76
78
991159823.UG.FTS.B,
29.49%,
11/30/24
.
226
232
991160218.UG.FTS.B,
29.49%,
11/30/24
.
42
43
991160324.UG.FTS.B,
29.49%,
11/30/24
.
674
(8)
991161270.UG.FTS.B,
29.49%,
11/30/24
.
500
496
991162412.UG.FTS.B,
29.49%,
11/30/24
.
39
40
991164670.UG.FTS.B,
29.49%,
11/30/24
.
85
85
991165371.UG.FTS.B,
29.49%,
11/30/24
.
21
21
991168245.UG.FTS.B,
29.49%,
11/30/24
.
193
199
991169195.UG.FTS.B,
29.49%,
11/30/24
.
665
689
991170244.UG.FTS.B,
29.49%,
11/30/24
.
185
192
991170572.UG.FTS.B,
29.49%,
11/30/24
.
157
161
991172465.UG.FTS.B,
29.49%,
11/30/24
.
593
612
991173687.UG.FTS.B,
29.49%,
11/30/24
.
31
31
991182361.UG.FTS.B,
29.49%,
11/30/24
.
105
108
991183630.UG.FTS.B,
29.49%,
11/30/24
.
615
630
991184149.UG.FTS.B,
29.49%,
11/30/24
.
494
507
991185246.UG.FTS.B,
29.49%,
11/30/24
.
299
309
991186053.UG.FTS.B,
29.49%,
11/30/24
.
73
76
991192752.UG.FTS.B,
29.49%,
11/30/24
.
141
145
991192788.UG.FTS.B,
29.49%,
11/30/24
.
20
20
991193473.UG.FTS.B,
29.49%,
11/30/24
.
133
137
991194009.UG.FTS.B,
29.49%,
11/30/24
.
72
73
991195243.UG.FTS.B,
29.49%,
11/30/24
.
2,807
2,907
991198791.UG.FTS.B,
29.49%,
11/30/24
.
212
214
991201454.UG.FTS.B,
29.49%,
11/30/24
.
151
155
991205442.UG.FTS.B,
29.49%,
11/30/24
.
934
937
991206111.UG.FTS.B,
29.49%,
11/30/24
..
104
104
991208980.UG.FTS.B,
29.49%,
11/30/24
.
642
628
991209146.UG.FTS.B,
29.49%,
11/30/24
.
29
29
991215049.UG.FTS.B,
29.49%,
11/30/24
.
112
113
991218514.UG.FTS.B,
29.49%,
11/30/24
.
42
43
991218861.UG.FTS.B,
29.49%,
11/30/24
.
94
13
991219200.UG.FTS.B,
29.49%,
11/30/24
.
86
89
991220330.UG.FTS.B,
29.49%,
11/30/24
.
173
173
991221281.UG.FTS.B,
29.49%,
11/30/24
.
115
117
991234356.UG.FTS.B,
29.49%,
11/30/24
.
129
135
991234501.UG.FTS.B,
29.49%,
11/30/24
.
486
(7)
991237242.UG.FTS.B,
29.49%,
11/30/24
.
85
87
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991242367.UG.FTS.B,
29.49%,
11/30/24
.
$
76
$
80
991245580.UG.FTS.B,
29.49%,
11/30/24
.
43
44
991249635.UG.FTS.B,
29.49%,
11/30/24
.
195
(7)
991252166.UG.FTS.B,
29.49%,
11/30/24
.
242
244
991258407.UG.FTS.B,
29.49%,
11/30/24
.
197
202
991262641.UG.FTS.B,
29.49%,
11/30/24
.
357
365
991273969.UG.FTS.B,
29.49%,
11/30/24
.
355
366
991277711.UG.FTS.B,
29.49%,
11/30/24
.
112
113
991278091.UG.FTS.B,
29.49%,
11/30/24
.
202
30
991282168.UG.FTS.B,
29.49%,
11/30/24
.
91
93
991282718.UG.FTS.B,
29.49%,
11/30/24
.
73
57
991295815.UG.FTS.B,
29.49%,
11/30/24
.
152
157
991295869.UG.FTS.B,
29.49%,
11/30/24
.
1,369
1,400
991302156.UG.FTS.B,
29.49%,
11/30/24
.
209
217
991311530.UG.FTS.B,
29.49%,
11/30/24
.
28
29
991319229.UG.FTS.B,
29.49%,
11/30/24
.
955
982
991321305.UG.FTS.B,
29.49%,
11/30/24
.
170
172
991323937.UG.FTS.B,
29.49%,
11/30/24
.
81
84
991326057.UG.FTS.B,
29.49%,
11/30/24
.
118
116
991354554.UG.FTS.B,
29.49%,
11/30/24
.
93
96
991360797.UG.FTS.B,
29.49%,
11/30/24
.
156
161
991368424.UG.FTS.B,
29.49%,
11/30/24
.
163
167
991161755.UG.FTS.B,
Zero
Cpn,
12/01/24
530
36
991163809.UG.FTS.B,
Zero
Cpn,
12/01/24
6,808
469
991188463.UG.FTS.B,
Zero
Cpn,
12/01/24
89
6
991230298.UG.FTS.B,
Zero
Cpn,
12/01/24
–
–
991299824.UG.FTS.B,
Zero
Cpn,
12/01/24
417
28
991317052.UG.FTS.B,
Zero
Cpn,
12/01/24
90
6
991169328.UG.FTS.B,
19.21%,
12/01/24
.
1,041
1,049
991169863.UG.FTS.B,
19.8%,
12/01/24
..
680
685
991194398.UG.FTS.B,
19.99%,
12/01/24
.
76
77
991207998.UG.FTS.B,
19.99%,
12/01/24
.
467
67
991233773.UG.FTS.B,
19.99%,
12/01/24
.
227
233
991235853.UG.FTS.B,
19.99%,
12/01/24
.
59
59
991239748.UG.FTS.B,
19.99%,
12/01/24
.
1,399
1,435
991248019.UG.FTS.B,
19.99%,
12/01/24
.
724
746
991262568.UG.FTS.B,
19.99%,
12/01/24
.
71
73
991324541.UG.FTS.B,
19.99%,
12/01/24
.
164
168
991334704.UG.FTS.B,
19.99%,
12/01/24
.
42
43
991354074.UG.FTS.B,
19.99%,
12/01/24
.
522
28
991359215.UG.FTS.B,
19.99%,
12/01/24
.
90
92
991231427.UG.FTS.B,
20.46%,
12/01/24
.
301
303
991225649.UG.FTS.B,
20.97%,
12/01/24
.
4,927
4,969
991167443.UG.FTS.B,
21.46%,
12/01/24
.
1,602
1,604
991167927.UG.FTS.B,
21.46%,
12/01/24
.
264
267
991162968.UG.FTS.B,
21.98%,
12/01/24
.
173
175
991211732.UG.FTS.B,
21.98%,
12/01/24
.
21
21
991165518.UG.FTS.B,
23.95%,
12/01/24
.
206
203
991164092.UG.FTS.B,
25.95%,
12/01/24
.
210
211
991164749.UG.FTS.B,
27.99%,
12/01/24
.
280
289
991162271.UG.FTS.B,
28.98%,
12/01/24
.
156
160
991162320.UG.FTS.B,
28.98%,
12/01/24
.
134
138
991162330.UG.FTS.B,
28.98%,
12/01/24
.
323
326
991162450.UG.FTS.B,
28.98%,
12/01/24
.
253
261
991163027.UG.FTS.B,
28.98%,
12/01/24
.
287
290
991164249.UG.FTS.B,
28.98%,
12/01/24
.
20
20
991164332.UG.FTS.B,
28.98%,
12/01/24
.
75
61
991165573.UG.FTS.B,
28.98%,
12/01/24
.
79
79
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
245
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991165874.UG.FTS.B,
28.98%,
12/01/24
.
$
134
$
134
991165954.UG.FTS.B,
28.98%,
12/01/24
.
180
186
991170068.UG.FTS.B,
28.98%,
12/01/24
.
1,517
1,538
991174550.UG.FTS.B,
28.98%,
12/01/24
.
129
133
991176007.UG.FTS.B,
28.98%,
12/01/24
.
150
151
991179835.UG.FTS.B,
28.98%,
12/01/24
.
208
209
991181086.UG.FTS.B,
28.98%,
12/01/24
.
86
88
991182500.UG.FTS.B,
28.98%,
12/01/24
.
879
886
991182789.UG.FTS.B,
28.98%,
12/01/24
.
564
580
991185047.UG.FTS.B,
28.98%,
12/01/24
.
26
4
991189706.UG.FTS.B,
28.98%,
12/01/24
.
210
216
991190247.UG.FTS.B,
28.98%,
12/01/24
.
684
97
991190745.UG.FTS.B,
28.98%,
12/01/24
.
75
77
991196333.UG.FTS.B,
28.98%,
12/01/24
.
153
157
991200338.UG.FTS.B,
28.98%,
12/01/24
.
205
211
991201982.UG.FTS.B,
28.98%,
12/01/24
.
14
14
991202722.UG.FTS.B,
28.98%,
12/01/24
.
579
582
991203281.UG.FTS.B,
28.98%,
12/01/24
.
334
335
991210769.UG.FTS.B,
28.98%,
12/01/24
.
163
167
991213420.UG.FTS.B,
28.98%,
12/01/24
.
479
489
991217237.UG.FTS.B,
28.98%,
12/01/24
.
83
85
991219825.UG.FTS.B,
28.98%,
12/01/24
.
43
43
991226847.UG.FTS.B,
28.98%,
12/01/24
.
563
573
991228529.UG.FTS.B,
28.98%,
12/01/24
.
213
216
991230359.UG.FTS.B,
28.98%,
12/01/24
.
17
17
991230587.UG.FTS.B,
28.98%,
12/01/24
.
181
187
991231739.UG.FTS.B,
28.98%,
12/01/24
.
143
146
991236126.UG.FTS.B,
28.98%,
12/01/24
.
66
67
991250633.UG.FTS.B,
28.98%,
12/01/24
.
26
26
991251429.UG.FTS.B,
28.98%,
12/01/24
.
212
219
991267046.UG.FTS.B,
28.98%,
12/01/24
.
97
97
991267527.UG.FTS.B,
28.98%,
12/01/24
.
553
560
991278856.UG.FTS.B,
28.98%,
12/01/24
.
359
370
991285727.UG.FTS.B,
28.98%,
12/01/24
.
359
367
991305273.UG.FTS.B,
28.98%,
12/01/24
.
199
205
991322131.UG.FTS.B,
28.98%,
12/01/24
.
88
90
991322463.UG.FTS.B,
28.98%,
12/01/24
.
516
519
991323706.UG.FTS.B,
28.98%,
12/01/24
.
407
415
991325531.UG.FTS.B,
28.98%,
12/01/24
.
706
722
991328743.UG.FTS.B,
28.98%,
12/01/24
.
818
836
991338177.UG.FTS.B,
28.98%,
12/01/24
.
320
327
991343569.UG.FTS.B,
28.98%,
12/01/24
.
20
20
991352854.UG.FTS.B,
28.98%,
12/01/24
.
50
51
991358666.UG.FTS.B,
28.98%,
12/01/24
.
548
557
991367704.UG.FTS.B,
28.98%,
12/01/24
.
239
211
991368632.UG.FTS.B,
28.98%,
12/01/24
.
91
93
991372098.UG.FTS.B,
28.98%,
12/01/24
.
49
50
991378052.UG.FTS.B,
28.98%,
12/01/24
.
88
92
991161940.UG.FTS.B,
29.46%,
12/01/24
.
465
479
991161239.UG.FTS.B,
29.49%,
12/01/24
.
130
10
991163350.UG.FTS.B,
29.49%,
12/01/24
.
268
280
991163554.UG.FTS.B,
29.49%,
12/01/24
.
109
109
991165411.UG.FTS.B,
29.49%,
12/01/24
.
229
237
991165471.UG.FTS.B,
29.49%,
12/01/24
.
30
5
991166278.UG.FTS.B,
29.49%,
12/01/24
.
69
72
991166742.UG.FTS.B,
29.49%,
12/01/24
.
143
145
991168466.UG.FTS.B,
29.49%,
12/01/24
.
450
460
991170942.UG.FTS.B,
29.49%,
12/01/24
.
258
260
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991171218.UG.FTS.B,
29.49%,
12/01/24
.
$
1,003
$
1,035
991171281.UG.FTS.B,
29.49%,
12/01/24
.
37
37
991172237.UG.FTS.B,
29.49%,
12/01/24
.
47
49
991172597.UG.FTS.B,
29.49%,
12/01/24
.
1,487
1,504
991174137.UG.FTS.B,
29.49%,
12/01/24
.
253
261
991174516.UG.FTS.B,
29.49%,
12/01/24
.
367
381
991177654.UG.FTS.B,
29.49%,
12/01/24
.
132
112
991177853.UG.FTS.B,
29.49%,
12/01/24
.
651
673
991178641.UG.FTS.B,
29.49%,
12/01/24
.
58
60
991178859.UG.FTS.B,
29.49%,
12/01/24
.
71
73
991180960.UG.FTS.B,
29.49%,
12/01/24
.
230
237
991186231.UG.FTS.B,
29.49%,
12/01/24
.
122
128
991186676.UG.FTS.B,
29.49%,
12/01/24
.
629
636
991187762.UG.FTS.B,
29.49%,
12/01/24
.
72
73
991190236.UG.FTS.B,
29.49%,
12/01/24
.
80
84
991192314.UG.FTS.B,
29.49%,
12/01/24
.
803
831
991194652.UG.FTS.B,
29.49%,
12/01/24
.
–
–
991195713.UG.FTS.B,
29.49%,
12/01/24
.
71
74
991195836.UG.FTS.B,
29.49%,
12/01/24
.
109
111
991196169.UG.FTS.B,
29.49%,
12/01/24
.
124
126
991220031.UG.FTS.B,
29.49%,
12/01/24
.
912
71
991228302.UG.FTS.B,
29.49%,
12/01/24
.
186
28
991232611.UG.FTS.B,
29.49%,
12/01/24
.
31
32
991233016.UG.FTS.B,
29.49%,
12/01/24
.
188
194
991241447.UG.FTS.B,
29.49%,
12/01/24
.
165
170
991243560.UG.FTS.B,
29.49%,
12/01/24
.
15
15
991246447.UG.FTS.B,
29.49%,
12/01/24
.
337
347
991247481.UG.FTS.B,
29.49%,
12/01/24
.
424
429
991251845.UG.FTS.B,
29.49%,
12/01/24
.
8
8
991252877.UG.FTS.B,
29.49%,
12/01/24
.
36
37
991253430.UG.FTS.B,
29.49%,
12/01/24
.
65
66
991256494.UG.FTS.B,
29.49%,
12/01/24
.
717
735
991258121.UG.FTS.B,
29.49%,
12/01/24
.
1,149
1,185
991267008.UG.FTS.B,
29.49%,
12/01/24
.
214
222
991279786.UG.FTS.B,
29.49%,
12/01/24
.
53
53
991283740.UG.FTS.B,
29.49%,
12/01/24
.
72
74
991290418.UG.FTS.B,
29.49%,
12/01/24
.
186
193
991290834.UG.FTS.B,
29.49%,
12/01/24
.
190
193
991314063.UG.FTS.B,
29.49%,
12/01/24
.
119
(4)
991320615.UG.FTS.B,
29.49%,
12/01/24
.
35
36
991323578.UG.FTS.B,
29.49%,
12/01/24
.
276
282
991341808.UG.FTS.B,
29.49%,
12/01/24
.
220
226
991345338.UG.FTS.B,
29.49%,
12/01/24
.
47
47
991383117.UG.FTS.B,
29.49%,
12/01/24
.
225
236
991383396.UG.FTS.B,
29.49%,
12/01/24
.
110
115
991337481.UG.FTS.B,
18.97%,
12/02/24
.
425
434
991364689.UG.FTS.B,
19.99%,
12/02/24
.
94
13
991330023.UG.FTS.B,
28.98%,
12/02/24
.
110
116
991338460.UG.FTS.B,
28.98%,
12/02/24
.
34
35
991347910.UG.FTS.B,
28.98%,
12/02/24
.
154
161
991356309.UG.FTS.B,
28.98%,
12/02/24
.
129
133
991358801.UG.FTS.B,
28.98%,
12/02/24
.
522
535
991364192.UG.FTS.B,
28.98%,
12/02/24
.
109
114
991377393.UG.FTS.B,
28.98%,
12/02/24
.
41
7
991339850.UG.FTS.B,
29.49%,
12/02/24
.
108
109
991340524.UG.FTS.B,
29.49%,
12/02/24
.
148
154
991348609.UG.FTS.B,
29.49%,
12/02/24
.
68
71
991348696.UG.FTS.B,
29.49%,
12/02/24
.
76
80
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
246
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991353863.UG.FTS.B,
29.49%,
12/02/24
.
$
66
$
69
991354003.UG.FTS.B,
29.49%,
12/02/24
.
71
74
991359351.UG.FTS.B,
29.49%,
12/02/24
.
34
35
991359987.UG.FTS.B,
29.49%,
12/02/24
.
–
–
991361643.UG.FTS.B,
29.49%,
12/02/24
.
46
47
991369349.UG.FTS.B,
29.49%,
12/02/24
.
31
31
991370712.UG.FTS.B,
29.49%,
12/02/24
.
100
105
991373345.UG.FTS.B,
29.49%,
12/02/24
.
85
89
991383439.UG.FTS.B,
29.49%,
12/02/24
.
138
145
991191338.UG.FTS.B,
19.8%,
12/05/24
..
85
5
991187412.UG.FTS.B,
19.99%,
12/05/24
.
286
291
991195736.UG.FTS.B,
27.99%,
12/05/24
.
150
153
991186409.UG.FTS.B,
29.49%,
12/05/24
.
3,354
809
991190483.UG.FTS.B,
29.49%,
12/05/24
.
90
92
991200707.UG.FTS.B,
29.49%,
12/05/24
.
99
99
991191497.UG.FTS.B,
14.98%,
12/06/24
.
264
268
991201575.UG.FTS.B,
15%,
12/06/24
....
602
447
991342949.UG.FTS.B,
15%,
12/06/24
....
200
47
991193410.UG.FTS.B,
15.97%,
12/06/24
.
65
–
991214247.UG.FTS.B,
15.97%,
12/06/24
.
102
103
991190915.UG.FTS.B,
16.99%,
12/06/24
.
216
–
991191303.UG.FTS.B,
16.99%,
12/06/24
.
1,628
1,659
991194549.UG.FTS.B,
16.99%,
12/06/24
.
19
19
991429687.UG.FTS.B,
16.99%,
12/06/24
.
13
13
991191183.UG.FTS.B,
17.97%,
12/06/24
.
5,446
5,461
991258598.UG.FTS.B,
19.99%,
12/06/24
.
71
22
991200958.UG.FTS.B,
20.46%,
12/06/24
.
240
239
991419325.UG.FTS.B,
27.99%,
12/06/24
.
238
247
991201139.UG.FTS.B,
28.98%,
12/06/24
.
188
190
991202979.UG.FTS.B,
28.98%,
12/06/24
.
149
151
991347246.UG.FTS.B,
28.98%,
12/06/24
.
338
339
991378952.UG.FTS.B,
28.98%,
12/06/24
.
136
140
991201759.UG.FTS.B,
29.46%,
12/06/24
.
475
482
991198608.UG.FTS.B,
29.47%,
12/06/24
.
78
78
991190969.UG.FTS.B,
29.49%,
12/06/24
.
100
101
991223558.UG.FTS.B,
29.49%,
12/06/24
.
77
81
991279279.UG.FTS.B,
29.49%,
12/06/24
.
23
23
991354049.UG.FTS.B,
29.49%,
12/06/24
.
161
10
991409885.UG.FTS.B,
29.49%,
12/06/24
.
93
97
991201830.UG.FTS.B,
Zero
Cpn,
12/07/24
79
5
991204789.UG.FTS.B,
15.97%,
12/07/24
.
659
664
991410854.UG.FTS.B,
15.97%,
12/07/24
.
595
593
991199058.UG.FTS.B,
16.99%,
12/07/24
.
106
108
991205035.UG.FTS.B,
16.99%,
12/07/24
.
1,513
1,543
991202225.UG.FTS.B,
19.8%,
12/07/24
..
437
435
991202795.UG.FTS.B,
19.8%,
12/07/24
..
803
800
991199481.UG.FTS.B,
19.99%,
12/07/24
.
38
39
991313472.UG.FTS.B,
19.99%,
12/07/24
.
313
321
991284608.UG.FTS.B,
21.98%,
12/07/24
.
469
469
991198602.UG.FTS.B,
28.98%,
12/07/24
.
874
213
991200331.UG.FTS.B,
28.98%,
12/07/24
.
151
23
991203276.UG.FTS.B,
28.98%,
12/07/24
.
93
95
991218043.UG.FTS.B,
28.98%,
12/07/24
.
1,431
1,492
991221020.UG.FTS.B,
28.98%,
12/07/24
.
97
100
991433855.UG.FTS.B,
28.98%,
12/07/24
.
178
180
991204182.UG.FTS.B,
29.49%,
12/07/24
.
1,044
1,089
991206725.UG.FTS.B,
29.49%,
12/07/24
.
460
470
991403269.UG.FTS.B,
29.49%,
12/07/24
.
365
371
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991405592.UG.FTS.B,
29.49%,
12/07/24
.
$
175
$
177
991213394.UG.FTS.B,
Zero
Cpn,
12/08/24
510
36
991245469.UG.FTS.B,
Zero
Cpn,
12/08/24
96
7
991372313.UG.FTS.B,
Zero
Cpn,
12/08/24
110
7
991223847.UG.FTS.B,
14%,
12/08/24
....
66
66
991217779.UG.FTS.B,
14.97%,
12/08/24
.
4,254
4,340
991233663.UG.FTS.B,
14.98%,
12/08/24
.
175
179
991345394.UG.FTS.B,
14.98%,
12/08/24
.
409
417
991209407.UG.FTS.B,
15%,
12/08/24
....
1,474
1,492
991238380.UG.FTS.B,
15.97%,
12/08/24
.
241
245
991340673.UG.FTS.B,
15.97%,
12/08/24
.
532
543
991405894.UG.FTS.B,
15.97%,
12/08/24
.
1,445
1,469
991205065.UG.FTS.B,
16.99%,
12/08/24
.
11
1
991205558.UG.FTS.B,
16.99%,
12/08/24
.
311
317
991206337.UG.FTS.B,
16.99%,
12/08/24
.
366
372
991206750.UG.FTS.B,
16.99%,
12/08/24
.
447
447
991206979.UG.FTS.B,
16.99%,
12/08/24
.
3,397
3,448
991215999.UG.FTS.B,
16.99%,
12/08/24
.
4,087
287
991218331.UG.FTS.B,
16.99%,
12/08/24
.
1,615
1,648
991287220.UG.FTS.B,
16.99%,
12/08/24
.
240
245
991212387.UG.FTS.B,
17.97%,
12/08/24
.
4,956
5,058
991216549.UG.FTS.B,
17.99%,
12/08/24
.
1,225
146
991233872.UG.FTS.B,
17.99%,
12/08/24
.
162
163
991273817.UG.FTS.B,
17.99%,
12/08/24
.
19
19
991323155.UG.FTS.B,
17.99%,
12/08/24
.
194
–
991360888.UG.FTS.B,
17.99%,
12/08/24
.
235
239
991362465.UG.FTS.B,
17.99%,
12/08/24
.
1,179
1,186
991386259.UG.FTS.B,
17.99%,
12/08/24
.
302
304
991213249.UG.FTS.B,
19.8%,
12/08/24
..
254
257
991262025.UG.FTS.B,
19.8%,
12/08/24
..
437
446
991273011.UG.FTS.B,
19.8%,
12/08/24
..
406
414
991207067.UG.FTS.B,
19.99%,
12/08/24
.
274
283
991210935.UG.FTS.B,
19.99%,
12/08/24
.
529
551
991214641.UG.FTS.B,
19.99%,
12/08/24
.
2,756
2,874
991216498.UG.FTS.B,
19.99%,
12/08/24
.
3,862
4,028
991275636.UG.FTS.B,
19.99%,
12/08/24
.
79
82
991341216.UG.FTS.B,
19.99%,
12/08/24
.
318
329
991361291.UG.FTS.B,
19.99%,
12/08/24
.
322
327
991412069.UG.FTS.B,
19.99%,
12/08/24
.
262
18
991297237.UG.FTS.B,
20.46%,
12/08/24
.
166
165
991358922.UG.FTS.B,
20.46%,
12/08/24
.
176
179
991343243.UG.FTS.B,
21.46%,
12/08/24
.
20
20
991345837.UG.FTS.B,
21.46%,
12/08/24
.
321
77
991223797.UG.FTS.B,
22.97%,
12/08/24
.
286
289
991260254.UG.FTS.B,
22.97%,
12/08/24
.
143
145
991203892.UG.FTS.B,
28.98%,
12/08/24
.
700
730
991210036.UG.FTS.B,
28.98%,
12/08/24
.
1,295
72
991214712.UG.FTS.B,
28.98%,
12/08/24
.
1,379
1,439
991217143.UG.FTS.B,
28.98%,
12/08/24
.
984
999
991217853.UG.FTS.B,
28.98%,
12/08/24
.
1,765
1,837
991220601.UG.FTS.B,
28.98%,
12/08/24
.
183
190
991248557.UG.FTS.B,
28.98%,
12/08/24
.
74
77
991253023.UG.FTS.B,
28.98%,
12/08/24
.
15
16
991260535.UG.FTS.B,
28.98%,
12/08/24
.
138
35
991265277.UG.FTS.B,
28.98%,
12/08/24
.
110
110
991278212.UG.FTS.B,
28.98%,
12/08/24
.
647
674
991307338.UG.FTS.B,
28.98%,
12/08/24
.
51
51
991317659.UG.FTS.B,
28.98%,
12/08/24
.
85
88
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
247
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991334924.UG.FTS.B,
28.98%,
12/08/24
.
$
889
$
926
991336471.UG.FTS.B,
28.98%,
12/08/24
.
134
134
991340573.UG.FTS.B,
28.98%,
12/08/24
.
1,091
1,133
991346915.UG.FTS.B,
28.98%,
12/08/24
.
156
162
991350123.UG.FTS.B,
28.98%,
12/08/24
.
180
187
991358361.UG.FTS.B,
28.98%,
12/08/24
.
124
128
991358554.UG.FTS.B,
28.98%,
12/08/24
.
132
8
991396086.UG.FTS.B,
28.98%,
12/08/24
.
101
105
991416236.UG.FTS.B,
28.98%,
12/08/24
.
86
34
991211572.UG.FTS.B,
29.47%,
12/08/24
.
1,379
365
991216803.UG.FTS.B,
29.47%,
12/08/24
.
4,172
(205)
991210459.UG.FTS.B,
29.48%,
12/08/24
.
940
941
991214958.UG.FTS.B,
29.48%,
12/08/24
.
849
888
991216602.UG.FTS.B,
29.48%,
12/08/24
.
693
727
991203718.UG.FTS.B,
29.49%,
12/08/24
.
378
396
991203729.UG.FTS.B,
29.49%,
12/08/24
.
228
238
991207112.UG.FTS.B,
29.49%,
12/08/24
.
115
119
991209636.UG.FTS.B,
29.49%,
12/08/24
.
2,148
(100)
991210195.UG.FTS.B,
29.49%,
12/08/24
.
1,566
1,650
991213079.UG.FTS.B,
29.49%,
12/08/24
.
970
1,022
991213273.UG.FTS.B,
29.49%,
12/08/24
.
29
30
991224169.UG.FTS.B,
29.49%,
12/08/24
.
1,177
1,231
991243673.UG.FTS.B,
29.49%,
12/08/24
.
353
(17)
991244332.UG.FTS.B,
29.49%,
12/08/24
.
155
159
991245178.UG.FTS.B,
29.49%,
12/08/24
.
507
532
991248866.UG.FTS.B,
29.49%,
12/08/24
.
382
403
991249125.UG.FTS.B,
29.49%,
12/08/24
.
33
33
991252807.UG.FTS.B,
29.49%,
12/08/24
.
318
329
991259595.UG.FTS.B,
29.49%,
12/08/24
.
208
208
991264409.UG.FTS.B,
29.49%,
12/08/24
.
550
567
991264825.UG.FTS.B,
29.49%,
12/08/24
.
156
9
991269323.UG.FTS.B,
29.49%,
12/08/24
.
35
35
991287259.UG.FTS.B,
29.49%,
12/08/24
.
77
79
991301956.UG.FTS.B,
29.49%,
12/08/24
.
50
52
991302601.UG.FTS.B,
29.49%,
12/08/24
.
107
37
991306169.UG.FTS.B,
29.49%,
12/08/24
.
34
2
991317879.UG.FTS.B,
29.49%,
12/08/24
.
285
298
991318654.UG.FTS.B,
29.49%,
12/08/24
.
80
83
991319283.UG.FTS.B,
29.49%,
12/08/24
.
33
33
991330842.UG.FTS.B,
29.49%,
12/08/24
.
4,003
915
991332591.UG.FTS.B,
29.49%,
12/08/24
.
300
75
991338386.UG.FTS.B,
29.49%,
12/08/24
.
13
13
991339390.UG.FTS.B,
29.49%,
12/08/24
.
545
565
991342288.UG.FTS.B,
29.49%,
12/08/24
.
165
168
991349015.UG.FTS.B,
29.49%,
12/08/24
.
630
657
991357406.UG.FTS.B,
29.49%,
12/08/24
.
27
28
991358257.UG.FTS.B,
29.49%,
12/08/24
.
116
122
991375119.UG.FTS.B,
29.49%,
12/08/24
.
85
6
991377012.UG.FTS.B,
29.49%,
12/08/24
.
1,141
1,188
991391597.UG.FTS.B,
29.49%,
12/08/24
.
289
300
991416240.UG.FTS.B,
29.49%,
12/08/24
.
79
(4)
991426546.UG.FTS.B,
29.49%,
12/08/24
.
55
16
991433950.UG.FTS.B,
29.49%,
12/08/24
.
73
75
991311660.UG.FTS.B,
14.98%,
12/09/24
.
1,718
1,721
991329494.UG.FTS.B,
15.97%,
12/09/24
.
204
203
991339753.UG.FTS.B,
15.97%,
12/09/24
.
21
21
991455537.UG.FTS.B,
15.97%,
12/09/24
.
65
65
991355729.UG.FTS.B,
16.99%,
12/09/24
.
154
154
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991379877.UG.FTS.B,
16.99%,
12/09/24
.
$
14
$
14
991391034.UG.FTS.B,
17.99%,
12/09/24
.
24
23
991338916.UG.FTS.B,
18.97%,
12/09/24
.
405
404
991405926.UG.FTS.B,
18.97%,
12/09/24
.
78
78
991408506.UG.FTS.B,
18.97%,
12/09/24
.
2,205
257
991333702.UG.FTS.B,
19.8%,
12/09/24
..
2,425
2,410
991341287.UG.FTS.B,
20.46%,
12/09/24
.
824
825
991355570.UG.FTS.B,
20.46%,
12/09/24
.
203
203
991370075.UG.FTS.B,
20.97%,
12/09/24
.
166
165
991329266.UG.FTS.B,
23.95%,
12/09/24
.
1,176
1,148
991173041.UG.FTS.B,
28.98%,
12/09/24
.
64
50
991311758.UG.FTS.B,
28.98%,
12/09/24
.
114
115
991317869.UG.FTS.B,
28.98%,
12/09/24
.
26
26
991318049.UG.FTS.B,
28.98%,
12/09/24
.
8
8
991319463.UG.FTS.B,
28.98%,
12/09/24
.
198
201
991327625.UG.FTS.B,
28.98%,
12/09/24
.
91
93
991336814.UG.FTS.B,
28.98%,
12/09/24
.
934
936
991344560.UG.FTS.B,
28.98%,
12/09/24
.
168
171
991359328.UG.FTS.B,
28.98%,
12/09/24
.
688
(28)
991394745.UG.FTS.B,
28.98%,
12/09/24
.
359
365
991425673.UG.FTS.B,
28.98%,
12/09/24
.
244
248
991308780.UG.FTS.B,
29.49%,
12/09/24
.
83
85
991317613.UG.FTS.B,
29.49%,
12/09/24
.
146
19
991322433.UG.FTS.B,
29.49%,
12/09/24
.
239
244
991326331.UG.FTS.B,
29.49%,
12/09/24
.
110
112
991350590.UG.FTS.B,
29.49%,
12/09/24
.
60
60
991352448.UG.FTS.B,
29.49%,
12/09/24
.
78
78
991360411.UG.FTS.B,
29.49%,
12/09/24
.
601
36
991367240.UG.FTS.B,
29.49%,
12/09/24
.
391
401
991393693.UG.FTS.B,
29.49%,
12/09/24
.
252
257
991400367.UG.FTS.B,
29.49%,
12/09/24
.
180
40
991407585.UG.FTS.B,
29.49%,
12/09/24
.
223
227
991421184.UG.FTS.B,
29.49%,
12/09/24
.
185
45
991330184.UG.FTS.B,
Zero
Cpn,
12/10/24
38
3
991453536.UG.FTS.B,
Zero
Cpn,
12/10/24
115
8
991366767.UG.FTS.B,
14.98%,
12/10/24
.
250
249
991416701.UG.FTS.B,
14.98%,
12/10/24
.
3,163
3,156
991422733.UG.FTS.B,
14.98%,
12/10/24
.
–
–
991464314.UG.FTS.B,
15%,
12/10/24
....
186
186
991354349.UG.FTS.B,
15.99%,
12/10/24
.
62
62
991441221.UG.FTS.B,
16.99%,
12/10/24
.
347
346
991339062.UG.FTS.B,
17.99%,
12/10/24
.
113
8
991372053.UG.FTS.B,
17.99%,
12/10/24
.
1,433
1,409
991402286.UG.FTS.B,
17.99%,
12/10/24
.
1,134
1,131
991323235.UG.FTS.B,
18.97%,
12/10/24
.
345
346
991338806.UG.FTS.B,
19.21%,
12/10/24
.
1,801
1,795
991368704.UG.FTS.B,
19.8%,
12/10/24
..
530
36
991418713.UG.FTS.B,
19.8%,
12/10/24
..
23
23
991323566.UG.FTS.B,
19.99%,
12/10/24
.
2,159
2,208
991391063.UG.FTS.B,
19.99%,
12/10/24
.
228
230
991418338.UG.FTS.B,
19.99%,
12/10/24
.
18
8
991310309.UG.FTS.B,
21.46%,
12/10/24
.
306
36
991334473.UG.FTS.B,
21.46%,
12/10/24
.
160
158
991033516.UG.FTS.B,
23.95%,
12/10/24
.
1,561
1,175
991302262.UG.FTS.B,
28.98%,
12/10/24
.
383
389
991302676.UG.FTS.B,
28.98%,
12/10/24
.
796
805
991308764.UG.FTS.B,
28.98%,
12/10/24
.
637
652
991318295.UG.FTS.B,
28.98%,
12/10/24
.
169
172
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
248
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991326852.UG.FTS.B,
28.98%,
12/10/24
.
$
223
$
228
991333962.UG.FTS.B,
28.98%,
12/10/24
.
84
85
991360120.UG.FTS.B,
28.98%,
12/10/24
.
564
568
991366912.UG.FTS.B,
28.98%,
12/10/24
.
99
98
991408695.UG.FTS.B,
28.98%,
12/10/24
.
391
396
991421339.UG.FTS.B,
28.98%,
12/10/24
.
115
116
991299978.UG.FTS.B,
29.49%,
12/10/24
.
53
53
991300618.UG.FTS.B,
29.49%,
12/10/24
.
59
58
991312810.UG.FTS.B,
29.49%,
12/10/24
.
127
127
991314974.UG.FTS.B,
29.49%,
12/10/24
.
74
76
991331833.UG.FTS.B,
29.49%,
12/10/24
.
703
720
991334897.UG.FTS.B,
29.49%,
12/10/24
.
44
44
991397722.UG.FTS.B,
29.49%,
12/10/24
.
103
105
991398718.UG.FTS.B,
29.49%,
12/10/24
.
1,160
1,186
991407945.UG.FTS.B,
29.49%,
12/10/24
.
580
589
991409057.UG.FTS.B,
29.49%,
12/10/24
.
13
12
991423603.UG.FTS.B,
29.49%,
12/10/24
.
106
108
991299623.UG.FTS.B,
Zero
Cpn,
12/11/24
339
23
991389281.UG.FTS.B,
Zero
Cpn,
12/11/24
61
4
991447793.UG.FTS.B,
14.98%,
12/11/24
.
474
472
991383476.UG.FTS.B,
16.99%,
12/11/24
.
4,953
4,947
991421136.UG.FTS.B,
17.99%,
12/11/24
.
74
73
991322847.UG.FTS.B,
18.97%,
12/11/24
.
402
398
991309704.UG.FTS.B,
19.21%,
12/11/24
.
446
446
991313630.UG.FTS.B,
19.21%,
12/11/24
.
230
229
991359085.UG.FTS.B,
19.21%,
12/11/24
.
541
542
991299880.UG.FTS.B,
19.8%,
12/11/24
..
220
220
991302424.UG.FTS.B,
22.97%,
12/11/24
.
165
165
991331015.UG.FTS.B,
22.97%,
12/11/24
.
139
139
991314763.UG.FTS.B,
26.94%,
12/11/24
.
362
363
991308149.UG.FTS.B,
28.98%,
12/11/24
.
134
135
991336089.UG.FTS.B,
28.98%,
12/11/24
.
11
11
991400497.UG.FTS.B,
28.98%,
12/11/24
.
289
293
991425034.UG.FTS.B,
28.98%,
12/11/24
.
716
723
991299810.UG.FTS.B,
29.49%,
12/11/24
.
118
120
991315059.UG.FTS.B,
29.49%,
12/11/24
.
86
67
991338982.UG.FTS.B,
29.49%,
12/11/24
.
247
253
991393007.UG.FTS.B,
29.49%,
12/11/24
.
140
142
991424582.UG.FTS.B,
29.49%,
12/11/24
.
80
81
991426474.UG.FTS.B,
29.49%,
12/11/24
.
263
268
991339855.UG.FTS.B,
15.97%,
12/12/24
.
322
323
991447662.UG.FTS.B,
15.97%,
12/12/24
.
636
635
991334534.UG.FTS.B,
16.99%,
12/12/24
.
155
155
991384624.UG.FTS.B,
16.99%,
12/12/24
.
38
38
991423157.UG.FTS.B,
16.99%,
12/12/24
.
445
444
991326016.UG.FTS.B,
17.97%,
12/12/24
.
1,136
1,138
991302143.UG.FTS.B,
17.99%,
12/12/24
.
438
438
991341778.UG.FTS.B,
17.99%,
12/12/24
.
487
487
991444022.UG.FTS.B,
19.21%,
12/12/24
.
421
419
991316447.UG.FTS.B,
19.46%,
12/12/24
.
1,417
106
991318223.UG.FTS.B,
19.99%,
12/12/24
.
110
113
991318950.UG.FTS.B,
19.99%,
12/12/24
.
217
222
991326142.UG.FTS.B,
19.99%,
12/12/24
.
32
32
991314252.UG.FTS.B,
20.46%,
12/12/24
.
553
554
991447468.UG.FTS.B,
23.95%,
12/12/24
.
837
833
991299959.UG.FTS.B,
28.98%,
12/12/24
.
90
93
991311852.UG.FTS.B,
28.98%,
12/12/24
.
7
7
991315274.UG.FTS.B,
28.98%,
12/12/24
.
494
499
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991335451.UG.FTS.B,
28.98%,
12/12/24
.
$
6
$
6
991345529.UG.FTS.B,
28.98%,
12/12/24
.
284
18
991397130.UG.FTS.B,
28.98%,
12/12/24
.
1,009
1,021
991428424.UG.FTS.B,
28.98%,
12/12/24
.
302
307
991434684.UG.FTS.B,
28.98%,
12/12/24
.
616
625
991300821.UG.FTS.B,
29.49%,
12/12/24
.
304
311
991300935.UG.FTS.B,
29.49%,
12/12/24
.
13
13
991304189.UG.FTS.B,
29.49%,
12/12/24
.
44
44
991309900.UG.FTS.B,
29.49%,
12/12/24
.
8
8
991312106.UG.FTS.B,
29.49%,
12/12/24
.
195
196
991324558.UG.FTS.B,
29.49%,
12/12/24
.
119
123
991335907.UG.FTS.B,
29.49%,
12/12/24
.
5
5
991345307.UG.FTS.B,
29.49%,
12/12/24
.
101
99
991387894.UG.FTS.B,
29.49%,
12/12/24
.
494
506
991398771.UG.FTS.B,
29.49%,
12/12/24
.
212
213
991399754.UG.FTS.B,
29.49%,
12/12/24
.
127
8
991404235.UG.FTS.B,
29.49%,
12/12/24
.
148
18
991405158.UG.FTS.B,
29.49%,
12/12/24
.
127
127
991405712.UG.FTS.B,
29.49%,
12/12/24
.
79
78
991406536.UG.FTS.B,
29.49%,
12/12/24
.
215
27
991408740.UG.FTS.B,
29.49%,
12/12/24
.
54
(2)
991424612.UG.FTS.B,
29.49%,
12/12/24
.
114
116
991431493.UG.FTS.B,
29.49%,
12/12/24
.
1,473
1,492
991444573.UG.FTS.B,
29.49%,
12/12/24
.
161
39
991324789.UG.FTS.B,
Zero
Cpn,
12/13/24
338
23
991389357.UG.FTS.B,
Zero
Cpn,
12/13/24
167
11
991248124.UG.FTS.B,
14.98%,
12/13/24
.
116
118
991302421.UG.FTS.B,
14.98%,
12/13/24
.
1,991
2,034
991308466.UG.FTS.B,
15%,
12/13/24
....
263
19
991349605.UG.FTS.B,
15%,
12/13/24
....
206
15
991384387.UG.FTS.B,
15.97%,
12/13/24
.
579
578
991417112.UG.FTS.B,
15.97%,
12/13/24
.
4,781
4,790
991309513.UG.FTS.B,
16.99%,
12/13/24
.
750
748
991379195.UG.FTS.B,
16.99%,
12/13/24
.
1,775
1,778
991307518.UG.FTS.B,
17.99%,
12/13/24
.
714
715
991341019.UG.FTS.B,
17.99%,
12/13/24
.
448
445
991298164.UG.FTS.B,
18.97%,
12/13/24
.
1,622
1,617
991440734.UG.FTS.B,
18.97%,
12/13/24
.
149
149
991329812.UG.FTS.B,
19.21%,
12/13/24
.
613
614
991346666.UG.FTS.B,
19.21%,
12/13/24
.
163
163
991361774.UG.FTS.B,
19.8%,
12/13/24
..
44
44
991451736.UG.FTS.B,
19.8%,
12/13/24
..
914
928
991331713.UG.FTS.B,
19.99%,
12/13/24
.
106
107
991343301.UG.FTS.B,
19.99%,
12/13/24
.
520
528
991373941.UG.FTS.B,
20.46%,
12/13/24
.
309
310
991375502.UG.FTS.B,
20.46%,
12/13/24
.
121
120
991296644.UG.FTS.B,
20.97%,
12/13/24
.
693
708
991345917.UG.FTS.B,
21.46%,
12/13/24
.
690
692
991242346.UG.FTS.B,
24.95%,
12/13/24
.
162
159
991340452.UG.FTS.B,
24.95%,
12/13/24
.
56
55
991303511.UG.FTS.B,
28.98%,
12/13/24
.
57
58
991303612.UG.FTS.B,
28.98%,
12/13/24
.
231
236
991313210.UG.FTS.B,
28.98%,
12/13/24
.
226
231
991346962.UG.FTS.B,
28.98%,
12/13/24
.
116
119
991347766.UG.FTS.B,
28.98%,
12/13/24
.
144
146
991356130.UG.FTS.B,
28.98%,
12/13/24
.
–
–
991364308.UG.FTS.B,
28.98%,
12/13/24
.
211
216
991367977.UG.FTS.B,
28.98%,
12/13/24
.
196
199
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
249
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991388005.UG.FTS.B,
28.98%,
12/13/24
.
$
59
$
59
991391691.UG.FTS.B,
28.98%,
12/13/24
.
1,146
1,172
991411685.UG.FTS.B,
28.98%,
12/13/24
.
416
422
991448530.UG.FTS.B,
28.98%,
12/13/24
.
46
(2)
991310090.UG.FTS.B,
29.49%,
12/13/24
.
271
278
991312918.UG.FTS.B,
29.49%,
12/13/24
.
161
165
991319761.UG.FTS.B,
29.49%,
12/13/24
.
266
273
991334231.UG.FTS.B,
29.49%,
12/13/24
.
616
627
991334276.UG.FTS.B,
29.49%,
12/13/24
.
128
128
991347765.UG.FTS.B,
29.49%,
12/13/24
.
767
(34)
991405634.UG.FTS.B,
29.49%,
12/13/24
.
147
(1)
991408790.UG.FTS.B,
29.49%,
12/13/24
.
51
4
991455137.UG.FTS.B,
29.49%,
12/13/24
.
15
15
991455918.UG.FTS.B,
29.49%,
12/13/24
.
462
470
991275626.UG.FTS.B,
14.98%,
12/14/24
.
43
43
991249792.UG.FTS.B,
15.97%,
12/14/24
.
4,109
4,100
991254435.UG.FTS.B,
15.97%,
12/14/24
.
306
306
991258056.UG.FTS.B,
16.99%,
12/14/24
.
226
227
991248746.UG.FTS.B,
17.99%,
12/14/24
.
265
265
991324331.UG.FTS.B,
17.99%,
12/14/24
.
281
285
991249707.UG.FTS.B,
19.8%,
12/14/24
..
4,111
4,202
991267867.UG.FTS.B,
14.98%,
12/15/24
.
5,319
5,437
991305580.UG.FTS.B,
14.98%,
12/15/24
.
196
198
991375848.UG.FTS.B,
14.98%,
12/15/24
.
178
182
991392911.UG.FTS.B,
14.98%,
12/15/24
.
41
41
991274754.UG.FTS.B,
15.97%,
12/15/24
.
3,427
3,501
991289456.UG.FTS.B,
15.97%,
12/15/24
.
419
419
991481298.UG.FTS.B,
15.97%,
12/15/24
.
140
140
991484132.UG.FTS.B,
15.97%,
12/15/24
.
1,880
1,876
991255967.UG.FTS.B,
16.99%,
12/15/24
.
105
104
991265175.UG.FTS.B,
16.99%,
12/15/24
.
376
375
991276679.UG.FTS.B,
16.99%,
12/15/24
.
711
53
991371940.UG.FTS.B,
16.99%,
12/15/24
.
432
437
991256520.UG.FTS.B,
17.99%,
12/15/24
.
240
246
991290002.UG.FTS.B,
17.99%,
12/15/24
.
127
130
991341386.UG.FTS.B,
17.99%,
12/15/24
.
1,346
1,376
991399127.UG.FTS.B,
17.99%,
12/15/24
.
621
45
991425011.UG.FTS.B,
17.99%,
12/15/24
.
149
152
991447659.UG.FTS.B,
17.99%,
12/15/24
.
1,603
1,613
991286797.UG.FTS.B,
18.8%,
12/15/24
..
48
49
991405120.UG.FTS.B,
18.97%,
12/15/24
.
413
423
991311986.UG.FTS.B,
19.21%,
12/15/24
.
4
4
991313442.UG.FTS.B,
19.21%,
12/15/24
.
97
100
991484626.UG.FTS.B,
19.21%,
12/15/24
.
1,201
1,210
991409003.UG.FTS.B,
19.8%,
12/15/24
..
174
178
991296368.UG.FTS.B,
20.97%,
12/15/24
.
32
32
991341925.UG.FTS.B,
20.97%,
12/15/24
.
205
209
991359143.UG.FTS.B,
20.97%,
12/15/24
.
237
159
991415618.UG.FTS.B,
20.97%,
12/15/24
.
314
321
991256653.UG.FTS.B,
21.46%,
12/15/24
.
177
181
991395285.UG.FTS.B,
21.98%,
12/15/24
.
24
24
991259405.UG.FTS.B,
22.97%,
12/15/24
.
945
946
991296657.UG.FTS.B,
23.95%,
12/15/24
.
366
368
991272449.UG.FTS.B,
14.98%,
12/16/24
.
229
229
991418120.UG.FTS.B,
14.98%,
12/16/24
.
168
103
991478310.UG.FTS.B,
14.98%,
12/16/24
.
157
157
991298521.UG.FTS.B,
15%,
12/16/24
....
46
45
991375810.UG.FTS.B,
15%,
12/16/24
....
66
66
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991391018.UG.FTS.B,
15%,
12/16/24
....
$
529
$
531
991263041.UG.FTS.B,
15.97%,
12/16/24
.
180
180
991352797.UG.FTS.B,
15.97%,
12/16/24
.
794
796
991440360.UG.FTS.B,
15.97%,
12/16/24
.
640
6
991260873.UG.FTS.B,
16.99%,
12/16/24
.
701
703
991260935.UG.FTS.B,
16.99%,
12/16/24
.
373
374
991263408.UG.FTS.B,
16.99%,
12/16/24
.
403
402
991298844.UG.FTS.B,
16.99%,
12/16/24
.
561
559
991331384.UG.FTS.B,
16.99%,
12/16/24
.
538
540
991481672.UG.FTS.B,
16.99%,
12/16/24
.
294
293
991263277.UG.FTS.B,
17.99%,
12/16/24
.
524
526
991274621.UG.FTS.B,
17.99%,
12/16/24
.
15
15
991282278.UG.FTS.B,
17.99%,
12/16/24
.
256
255
991291197.UG.FTS.B,
17.99%,
12/16/24
.
1,381
1,382
991423168.UG.FTS.B,
17.99%,
12/16/24
.
593
591
991288835.UG.FTS.B,
18.97%,
12/16/24
.
492
493
991339363.UG.FTS.B,
21.46%,
12/16/24
.
104
103
991279499.UG.FTS.B,
21.98%,
12/16/24
.
270
34
991324832.UG.FTS.B,
21.98%,
12/16/24
.
154
154
991515407.UG.FTS.B,
21.98%,
12/16/24
.
165
164
991513641.UG.FTS.B,
23.95%,
12/16/24
.
202
195
991300115.UG.FTS.B,
Zero
Cpn,
12/17/24
1,530
106
991270332.UG.FTS.B,
14.98%,
12/17/24
.
255
255
991398838.UG.FTS.B,
14.98%,
12/17/24
.
1,586
1,591
991309883.UG.FTS.B,
15%,
12/17/24
....
181
181
991366785.UG.FTS.B,
15%,
12/17/24
....
46
46
991473570.UG.FTS.B,
15%,
12/17/24
....
192
192
991333878.UG.FTS.B,
15.97%,
12/17/24
.
1,964
1,944
991471407.UG.FTS.B,
15.97%,
12/17/24
.
118
9
991515245.UG.FTS.B,
15.97%,
12/17/24
.
420
419
991517884.UG.FTS.B,
15.97%,
12/17/24
.
151
151
991289176.UG.FTS.B,
16.99%,
12/17/24
.
2,326
2,322
991303485.UG.FTS.B,
16.99%,
12/17/24
.
132
132
991304516.UG.FTS.B,
16.99%,
12/17/24
.
982
985
991313589.UG.FTS.B,
16.99%,
12/17/24
.
944
941
991385756.UG.FTS.B,
16.99%,
12/17/24
.
796
799
991415822.UG.FTS.B,
16.99%,
12/17/24
.
688
690
991427457.UG.FTS.B,
16.99%,
12/17/24
.
62
62
991438848.UG.FTS.B,
16.99%,
12/17/24
.
3,254
3,215
991289039.UG.FTS.B,
17.99%,
12/17/24
.
385
386
991301102.UG.FTS.B,
17.99%,
12/17/24
.
109
109
991399977.UG.FTS.B,
17.99%,
12/17/24
.
812
811
991401151.UG.FTS.B,
17.99%,
12/17/24
.
–
–
991472819.UG.FTS.B,
17.99%,
12/17/24
.
477
470
991271752.UG.FTS.B,
18.97%,
12/17/24
.
97
(1)
991447451.UG.FTS.B,
18.97%,
12/17/24
.
25
25
991451584.UG.FTS.B,
18.97%,
12/17/24
.
566
565
991319714.UG.FTS.B,
19.21%,
12/17/24
.
92
91
991368537.UG.FTS.B,
19.21%,
12/17/24
.
89
89
991390886.UG.FTS.B,
19.21%,
12/17/24
.
271
272
991416998.UG.FTS.B,
19.21%,
12/17/24
.
326
327
991425383.UG.FTS.B,
19.21%,
12/17/24
.
147
148
991370788.UG.FTS.B,
19.8%,
12/17/24
..
1,459
1,461
991382959.UG.FTS.B,
19.8%,
12/17/24
..
54
54
991407951.UG.FTS.B,
19.8%,
12/17/24
..
549
550
991523409.UG.FTS.B,
19.8%,
12/17/24
..
7,595
7,544
991260615.UG.FTS.B,
19.99%,
12/17/24
.
199
147
991278450.UG.FTS.B,
20.46%,
12/17/24
.
141
142
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
250
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991488102.UG.FTS.B,
20.46%,
12/17/24
.
$
425
$
423
991274898.UG.FTS.B,
20.97%,
12/17/24
.
352
353
991276358.UG.FTS.B,
20.97%,
12/17/24
.
2,617
2,585
991279256.UG.FTS.B,
20.97%,
12/17/24
.
107
108
991382185.UG.FTS.B,
21.46%,
12/17/24
.
29
29
991437221.UG.FTS.B,
21.46%,
12/17/24
.
646
154
991426127.UG.FTS.B,
21.98%,
12/17/24
.
141
141
991499186.UG.FTS.B,
21.98%,
12/17/24
.
212
211
991369836.UG.FTS.B,
22.97%,
12/17/24
.
205
31
991089356.UG.FTS.B,
28.98%,
12/17/24
.
101
76
991287433.UG.FTS.B,
Zero
Cpn,
12/18/24
638
44
991279257.UG.FTS.B,
14%,
12/18/24
....
254
255
991358540.UG.FTS.B,
14.98%,
12/18/24
.
460
461
991525181.UG.FTS.B,
14.98%,
12/18/24
.
43
43
991284992.UG.FTS.B,
15.99%,
12/18/24
.
542
543
991298134.UG.FTS.B,
15.99%,
12/18/24
.
267
267
991374578.UG.FTS.B,
16.99%,
12/18/24
.
112
112
991440813.UG.FTS.B,
16.99%,
12/18/24
.
327
6
991507545.UG.FTS.B,
16.99%,
12/18/24
.
168
168
991280230.UG.FTS.B,
17.99%,
12/18/24
.
137
16
991322304.UG.FTS.B,
17.99%,
12/18/24
.
265
266
991329588.UG.FTS.B,
17.99%,
12/18/24
.
968
971
991343423.UG.FTS.B,
17.99%,
12/18/24
.
940
943
991478169.UG.FTS.B,
17.99%,
12/18/24
.
3,495
3,490
991493847.UG.FTS.B,
17.99%,
12/18/24
.
843
158
991517094.UG.FTS.B,
17.99%,
12/18/24
.
90
90
991362772.UG.FTS.B,
18.97%,
12/18/24
.
1,382
1,374
991290938.UG.FTS.B,
19.21%,
12/18/24
.
1,554
1,554
991340064.UG.FTS.B,
19.21%,
12/18/24
.
140
29
991362195.UG.FTS.B,
19.21%,
12/18/24
.
148
148
991408472.UG.FTS.B,
19.21%,
12/18/24
.
116
115
991289268.UG.FTS.B,
19.8%,
12/18/24
..
22
3
991355888.UG.FTS.B,
20.46%,
12/18/24
.
2,415
2,408
991279501.UG.FTS.B,
20.97%,
12/18/24
.
320
318
991283292.UG.FTS.B,
21.46%,
12/18/24
.
441
433
991286343.UG.FTS.B,
21.46%,
12/18/24
.
1,288
1,293
991286922.UG.FTS.B,
21.46%,
12/18/24
.
311
306
991300398.UG.FTS.B,
23.95%,
12/18/24
.
349
344
991316123.UG.FTS.B,
23.95%,
12/18/24
.
376
378
991287107.UG.FTS.B,
14.98%,
12/19/24
.
238
238
991431975.UG.FTS.B,
14.98%,
12/19/24
.
317
37
991340137.UG.FTS.B,
15%,
12/19/24
....
123
10
991418698.UG.FTS.B,
15%,
12/19/24
....
73
6
991339453.UG.FTS.B,
15.97%,
12/19/24
.
146
146
991446289.UG.FTS.B,
15.97%,
12/19/24
.
157
157
991511356.UG.FTS.B,
15.97%,
12/19/24
.
491
490
991289920.UG.FTS.B,
16.99%,
12/19/24
.
319
24
991351714.UG.FTS.B,
16.99%,
12/19/24
.
902
902
991489325.UG.FTS.B,
16.99%,
12/19/24
.
115
114
991437838.UG.FTS.B,
17.99%,
12/19/24
.
4,045
4,058
991469894.UG.FTS.B,
17.99%,
12/19/24
.
231
231
991348742.UG.FTS.B,
18.97%,
12/19/24
.
95
95
991493639.UG.FTS.B,
18.97%,
12/19/24
.
317
316
991319900.UG.FTS.B,
19.21%,
12/19/24
.
214
214
991329516.UG.FTS.B,
19.8%,
12/19/24
..
201
201
991502273.UG.FTS.B,
19.8%,
12/19/24
..
34
34
991454147.UG.FTS.B,
20.46%,
12/19/24
.
80
80
991395795.UG.FTS.B,
20.97%,
12/19/24
.
723
711
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991382866.UG.FTS.B,
21.46%,
12/19/24
.
$
530
$
(1)
991294927.UG.FTS.B,
21.98%,
12/19/24
.
299
298
991305036.UG.FTS.B,
Zero
Cpn,
12/20/24
234
16
991328367.UG.FTS.B,
14.98%,
12/20/24
.
194
194
991296195.UG.FTS.B,
15%,
12/20/24
....
457
458
991308970.UG.FTS.B,
15%,
12/20/24
....
27
2
991333020.UG.FTS.B,
15%,
12/20/24
....
957
960
991380303.UG.FTS.B,
15%,
12/20/24
....
689
692
991348628.UG.FTS.B,
15.97%,
12/20/24
.
626
628
991365579.UG.FTS.B,
15.97%,
12/20/24
.
1,635
1,640
991375709.UG.FTS.B,
15.97%,
12/20/24
.
184
185
991457206.UG.FTS.B,
15.97%,
12/20/24
.
795
798
991463713.UG.FTS.B,
15.97%,
12/20/24
.
155
154
991504029.UG.FTS.B,
15.97%,
12/20/24
.
530
530
991303599.UG.FTS.B,
16.99%,
12/20/24
.
1,143
1,146
991310742.UG.FTS.B,
16.99%,
12/20/24
.
131
131
991350184.UG.FTS.B,
16.99%,
12/20/24
.
364
365
991371806.UG.FTS.B,
16.99%,
12/20/24
.
1,120
1,123
991423752.UG.FTS.B,
16.99%,
12/20/24
.
132
130
991440844.UG.FTS.B,
16.99%,
12/20/24
.
2,915
2,916
991458324.UG.FTS.B,
16.99%,
12/20/24
.
418
419
991521970.UG.FTS.B,
16.99%,
12/20/24
.
107
107
991298267.UG.FTS.B,
17.97%,
12/20/24
.
652
2
991304140.UG.FTS.B,
17.99%,
12/20/24
.
234
234
991346525.UG.FTS.B,
17.99%,
12/20/24
.
814
816
991349664.UG.FTS.B,
17.99%,
12/20/24
.
145
145
991512531.UG.FTS.B,
17.99%,
12/20/24
.
73
73
991515123.UG.FTS.B,
17.99%,
12/20/24
.
1,075
1,073
991311525.UG.FTS.B,
18.97%,
12/20/24
.
567
567
991381262.UG.FTS.B,
18.97%,
12/20/24
.
100
99
991422168.UG.FTS.B,
19.21%,
12/20/24
.
3,303
3,295
991425928.UG.FTS.B,
19.46%,
12/20/24
.
96
95
991305111.UG.FTS.B,
19.8%,
12/20/24
..
959
960
991309911.UG.FTS.B,
19.8%,
12/20/24
..
1,073
1,071
991329135.UG.FTS.B,
19.8%,
12/20/24
..
6,353
6,327
991415873.UG.FTS.B,
19.8%,
12/20/24
..
1,273
1,270
991340100.UG.FTS.B,
20.46%,
12/20/24
.
5,523
5,548
991399925.UG.FTS.B,
20.46%,
12/20/24
.
40
39
991518437.UG.FTS.B,
20.46%,
12/20/24
.
238
(2)
991352757.UG.FTS.B,
21.46%,
12/20/24
.
164
165
991390941.UG.FTS.B,
21.46%,
12/20/24
.
2,276
266
991438242.UG.FTS.B,
15.97%,
12/21/24
.
213
213
991484651.UG.FTS.B,
16.99%,
12/21/24
.
97
97
991495192.UG.FTS.B,
16.99%,
12/21/24
.
1,336
1,335
991505343.UG.FTS.B,
17.99%,
12/21/24
.
215
215
991459030.UG.FTS.B,
21.46%,
12/21/24
.
1,108
140
991520568.UG.FTS.B,
21.98%,
12/21/24
.
110
110
991115039.UG.FTS.B,
29.49%,
12/21/24
.
116
88
991182116.UG.FTS.B,
28.98%,
12/28/24
.
332
255
991206829.UG.FTS.B,
29.49%,
1/03/25
..
155
116
991039478.UG.FTS.B,
16.99%,
1/09/25
..
1,067
1,087
991031280.UG.FTS.B,
28.98%,
1/09/25
..
107
112
991071633.UG.FTS.B,
29.49%,
1/09/25
..
341
23
991102904.UG.FTS.B,
29.49%,
1/09/25
..
104
14
991389712.UG.FTS.B,
22.95%,
1/10/25
..
82
61
991258541.UG.FTS.B,
21.98%,
1/12/25
..
2,700
2,024
991063837.UG.FTS.B,
19.8%,
1/13/25
...
168
121
991266050.UG.FTS.B,
19.99%,
1/17/25
..
94
67
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
251
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991084551.UG.FTS.B,
29.49%,
1/17/25
..
$
70
$
53
991145095.UG.FTS.B,
29.49%,
1/17/25
..
65
49
991122835.UG.FTS.B,
29.49%,
1/20/25
..
1,360
97
991173914.UG.FTS.B,
29.49%,
1/20/25
..
83
58
991112802.UG.FTS.B,
28.98%,
1/22/25
..
708
744
991210095.UG.FTS.B,
29.49%,
1/22/25
..
–
–
991145453.UG.FTS.B,
28.98%,
1/23/25
..
196
15
991268849.UG.FTS.B,
18.97%,
1/26/25
..
183
23
991235449.UG.FTS.B,
29.49%,
1/28/25
..
343
245
991179044.UG.FTS.B,
21.46%,
1/29/25
..
572
414
991194975.UG.FTS.B,
29.49%,
1/29/25
..
109
8
991014881.UG.FTS.B,
20.46%,
2/07/25
..
1,049
762
991206923.UG.FTS.B,
29.49%,
2/07/25
..
84
11
991108267.UG.FTS.B,
29.49%,
2/08/25
..
173
129
991338381.UG.FTS.B,
16.99%,
2/09/25
..
351
346
991097430.UG.FTS.B,
18.97%,
2/09/25
..
355
313
991098718.UG.FTS.B,
23.95%,
2/09/25
..
505
370
991074295.UG.FTS.B,
29.49%,
2/09/25
..
172
133
991037811.UG.FTS.B,
19.8%,
2/10/25
...
587
139
991058990.UG.FTS.B,
19.21%,
2/11/25
..
336
238
991231578.UG.FTS.B,
18.97%,
2/12/25
..
2,955
689
991080455.UG.FTS.B,
19.8%,
2/13/25
...
116
83
991128160.UG.FTS.B,
19.8%,
2/15/25
...
115
82
991258967.UG.FTS.B,
21.97%,
2/16/25
..
345
43
991086704.UG.FTS.B,
19.8%,
2/17/25
...
172
173
991138152.UG.FTS.B,
19.8%,
2/18/25
...
322
251
991114451.UG.FTS.B,
21.46%,
2/18/25
..
773
540
991103497.UG.FTS.B,
29.47%,
2/18/25
..
805
830
991123920.UG.FTS.B,
23.95%,
2/19/25
..
922
656
991177091.UG.FTS.B,
28.98%,
2/19/25
..
670
498
991103303.UG.FTS.B,
29.49%,
2/20/25
..
200
15
991135432.UG.FTS.B,
21.46%,
2/21/25
..
1,981
1,420
991112737.UG.FTS.B,
28.98%,
2/21/25
..
186
134
991114478.UG.FTS.B,
28.98%,
2/21/25
..
291
220
991107180.UG.FTS.B,
29.49%,
2/21/25
..
187
139
991127127.UG.FTS.B,
29.49%,
2/21/25
..
160
122
991126948.UG.FTS.B,
28.98%,
2/22/25
..
1,128
838
991112012.UG.FTS.B,
29.49%,
2/22/25
..
71
55
991228566.UG.FTS.B,
29.49%,
2/23/25
..
154
113
991212968.UG.FTS.B,
19.8%,
2/26/25
...
731
522
991197152.UG.FTS.B,
18.97%,
2/27/25
..
5,825
738
991162953.UG.FTS.B,
26.94%,
2/27/25
..
158
114
991203416.UG.FTS.B,
16.99%,
3/03/25
..
817
568
991226863.UG.FTS.B,
28.98%,
3/05/25
..
194
147
991369350.UG.FTS.B,
21.46%,
3/07/25
..
88
64
991201969.UG.FTS.B,
28.98%,
3/07/25
..
176
44
991097574.UG.FTS.B,
28.98%,
3/09/25
..
264
201
991297454.UG.FTS.B,
28.98%,
3/09/25
..
73
54
991038962.UG.FTS.B,
29.49%,
3/09/25
..
50
43
991065324.UG.FTS.B,
21.98%,
3/11/25
..
700
490
991284084.UG.FTS.B,
15.97%,
3/12/25
..
784
557
991286205.UG.FTS.B,
15.97%,
3/13/25
..
4,303
948
991289340.UG.FTS.B,
21.46%,
3/15/25
..
222
158
991088375.UG.FTS.B,
29.49%,
3/15/25
..
655
45
991207072.UG.FTS.B,
29.49%,
3/15/25
..
81
6
991533128.UG.FTS.B,
20.46%,
3/16/25
..
569
409
991264341.UG.FTS.B,
29.49%,
3/16/25
..
337
246
991526785.UG.FTS.B,
21.46%,
3/17/25
..
313
220
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991184596.UG.FTS.B,
27.99%,
3/17/25
..
$
657
$
471
991146431.UG.FTS.B,
28.98%,
3/17/25
..
72
53
991097752.UG.FTS.B,
29.49%,
3/17/25
..
106
109
991495748.UG.FTS.B,
19.8%,
3/18/25
...
1,003
669
991171656.UG.FTS.B,
28.98%,
3/18/25
..
142
106
991256789.UG.FTS.B,
28.98%,
3/18/25
..
439
305
991098880.UG.FTS.B,
29.47%,
3/18/25
..
1,066
1,074
991119766.UG.FTS.B,
29.49%,
3/18/25
..
88
90
991145319.UG.FTS.B,
Zero
Cpn,
3/19/25
.
119
8
991299649.UG.FTS.B,
Zero
Cpn,
3/19/25
.
423
29
991169914.UG.FTS.B,
28.98%,
3/20/25
..
311
319
991128630.UG.FTS.B,
29.49%,
3/20/25
..
213
153
991135109.UG.FTS.B,
29.49%,
3/21/25
..
320
240
991146849.UG.FTS.B,
29.49%,
3/21/25
..
605
454
991191859.UG.FTS.B,
29.49%,
3/21/25
..
105
78
991257001.UG.FTS.B,
29.49%,
3/21/25
..
120
(1)
991298763.UG.FTS.B,
29.49%,
3/21/25
..
151
111
991240494.UG.FTS.B,
28.98%,
3/22/25
..
337
233
991323064.UG.FTS.B,
28.98%,
3/22/25
..
84
(2)
991253796.UG.FTS.B,
29.49%,
3/22/25
..
135
110
991285509.UG.FTS.B,
29.49%,
3/22/25
..
1,172
875
991122228.UG.FTS.B,
28.98%,
3/23/25
..
101
(3)
991169188.UG.FTS.B,
29.49%,
3/23/25
..
590
603
991297898.UG.FTS.B,
29.49%,
3/23/25
..
90
69
991280493.UG.FTS.B,
28.98%,
3/27/25
..
12
12
991198311.UG.FTS.B,
29.49%,
3/28/25
..
164
124
991229899.UG.FTS.B,
28.98%,
3/29/25
..
100
73
991273718.UG.FTS.B,
28.98%,
3/29/25
..
90
64
991332964.UG.FTS.B,
28.98%,
3/29/25
..
410
299
991397187.UG.FTS.B,
28.98%,
4/04/25
..
251
185
991342598.UG.FTS.B,
28.98%,
4/05/25
..
98
72
991217222.UG.FTS.B,
29.46%,
4/05/25
..
650
514
991356417.UG.FTS.B,
29.49%,
4/05/25
..
192
47
991305854.UG.FTS.B,
29.49%,
4/09/25
..
207
153
991256526.UG.FTS.B,
22.97%,
4/16/25
..
109
7
991295104.UG.FTS.B,
26.94%,
4/20/25
..
98
98
991341537.UG.FTS.B,
19.8%,
5/09/25
...
959
216
991096631.UG.FTS.B,
18.97%,
5/11/25
..
428
297
991169822.UG.FTS.B,
29.49%,
5/17/25
..
700
722
991280082.UG.FTS.B,
29.49%,
5/19/25
..
82
59
991137652.UG.FTS.B,
29.49%,
5/20/25
..
80
57
991163567.UG.FTS.B,
18.97%,
5/23/25
..
2,980
(4)
991119119.UG.FTS.B,
29.49%,
5/23/25
...
190
200
991155193.UG.FTS.B,
28.98%,
5/26/25
..
223
228
991178342.UG.FTS.B,
28.98%,
5/28/25
..
343
247
991223413.UG.FTS.B,
28.98%,
5/28/25
..
128
87
991228476.UG.FTS.B,
Zero
Cpn,
5/29/25
.
1,139
77
991074648.UG.FTS.B,
Zero
Cpn,
6/09/25
.
1,507
104
991134268.UG.FTS.B,
Zero
Cpn,
6/09/25
.
239
17
991104018.UG.FTS.B,
23.95%,
6/14/25
..
179
39
991089471.UG.FTS.B,
29.49%,
6/17/25
..
297
209
991263708.UG.FTS.B,
28.98%,
6/18/25
..
83
85
991260952.UG.FTS.B,
28.98%,
6/20/25
..
85
59
991131037.UG.FTS.B,
21.46%,
7/08/25
..
448
440
991216288.UG.FTS.B,
29.49%,
7/08/25
..
109
7
991293334.UG.FTS.B,
16.99%,
7/13/25
..
2,870
590
991258611.UG.FTS.B,
21.98%,
7/14/25
..
2,186
1,506
991215163.UG.FTS.B,
19.8%,
7/15/25
...
662
449
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
252
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991142024.UG.FTS.B,
28.98%,
7/19/25
..
$
1,520
$
1,040
991178650.UG.FTS.B,
28.98%,
7/19/25
..
404
412
991149915.UG.FTS.B,
29.49%,
7/25/25
..
102
71
991218283.UG.FTS.B,
14.98%,
7/27/25
..
3,796
3,779
991158407.UG.FTS.B,
29.49%,
7/28/25
..
124
90
991252149.UG.FTS.B,
29.49%,
8/04/25
..
83
62
991269532.UG.FTS.B,
29.46%,
8/05/25
..
134
95
991300215.UG.FTS.B,
21.46%,
8/08/25
..
141
137
991080210.UG.FTS.B,
28.98%,
8/08/25
..
290
211
991237888.UG.FTS.B,
28.98%,
8/15/25
..
602
422
991069918.UG.FTS.B,
19.99%,
8/16/25
..
466
11
991168160.UG.FTS.B,
21.46%,
8/16/25
..
279
277
991096387.UG.FTS.B,
28.98%,
8/17/25
..
673
(34)
991130981.UG.FTS.B,
29.49%,
8/17/25
..
105
14
991523565.UG.FTS.B,
16.99%,
8/18/25
..
1,508
112
991225567.UG.FTS.B,
19.8%,
8/18/25
...
239
148
991169068.UG.FTS.B,
28.98%,
8/19/25
..
763
765
991115841.UG.FTS.B,
29.49%,
8/21/25
..
977
692
991239388.UG.FTS.B,
29.49%,
8/21/25
..
188
191
991316696.UG.FTS.B,
Zero
Cpn,
8/23/25
.
87
6
991192840.UG.FTS.B,
29.49%,
8/29/25
..
166
117
991330975.UG.FTS.B,
29.49%,
9/05/25
..
360
256
991319523.UG.FTS.B,
15.97%,
9/10/25
..
113
71
991054142.UG.FTS.B,
19.8%,
9/11/25
...
104
8
991070972.UG.FTS.B,
29.49%,
9/16/25
..
236
162
991231640.UG.FTS.B,
Zero
Cpn,
9/17/25
.
383
26
991134257.UG.FTS.B,
29.49%,
9/21/25
..
3,799
3,875
991299503.UG.FTS.B,
17.99%,
9/27/25
..
282
182
991290022.UG.FTS.B,
19.8%,
10/05/25
..
423
281
991054408.UG.FTS.B,
28.98%,
10/08/25
.
634
448
991418802.UG.FTS.B,
29.49%,
10/10/25
.
99
67
991091528.UG.FTS.B,
29.49%,
10/17/25
.
375
270
991104383.UG.FTS.B,
29.49%,
10/19/25
.
239
168
991115476.UG.FTS.B,
28.98%,
10/22/25
.
167
112
991302771.UG.FTS.B,
19.99%,
10/28/25
.
362
246
991197071.UG.FTS.B,
21.98%,
11/09/25
.
218
153
991046765.UG.FTS.B,
15.97%,
11/10/25
.
154
94
991120791.UG.FTS.B,
15.97%,
11/10/25
.
1,701
1,040
991099491.UG.FTS.B,
29.49%,
11/17/25
.
280
211
991161030.UG.FTS.B,
29.49%,
11/18/25
.
146
101
991231725.UG.FTS.B,
29.49%,
11/18/25
.
294
207
991115930.UG.FTS.B,
29.49%,
11/19/25
..
630
411
991240407.UG.FTS.B,
28.98%,
11/20/25
.
671
403
991110330.UG.FTS.B,
29.49%,
11/20/25
..
443
254
991239091.UG.FTS.B,
29.49%,
11/20/25
.
857
575
991120297.UG.FTS.B,
22.97%,
11/23/25
.
1,840
1,192
991142242.UG.FTS.B,
20.97%,
11/25/25
.
237
197
991143728.UG.FTS.B,
18.21%,
11/26/25
.
529
36
991383601.UG.FTS.B,
20.97%,
11/29/25
.
238
158
991262312.UG.FTS.B,
29.49%,
11/29/25
.
144
91
991259503.UG.FTS.B,
21.46%,
12/05/25
.
205
133
991033157.UG.FTS.B,
22.97%,
12/09/25
.
1,339
902
991153454.UG.FTS.B,
19.99%,
12/27/25
.
247
249
991257232.UG.FTS.B,
28.98%,
12/28/25
.
310
313
991055984.UG.FTS.B,
28.98%,
1/09/26
..
109
116
991232899.UG.FTS.B,
29.49%,
1/16/26
..
581
23
991110203.UG.FTS.B,
29.49%,
1/19/26
..
195
195
991120820.UG.FTS.B,
29.49%,
1/21/26
..
812
105
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991116103.UG.FTS.B,
29.49%,
2/23/26
..
$
160
$
166
991266262.UG.FTS.B,
19.8%,
3/16/26
...
1,305
1,276
991225553.UG.FTS.B,
29.49%,
3/20/26
..
242
150
991068855.UG.FTS.B,
25.94%,
4/16/26
..
243
229
991155546.UG.FTS.B,
28.98%,
5/27/26
..
351
22
991015912.UG.FTS.B,
20.97%,
9/07/26
..
588
358
991020944.UG.FTS.B,
15.99%,
11/08/26
.
3,004
3,041
991074802.UG.FTS.B,
22.36%,
11/11/26
.
6,833
7,104
991130326.UG.FTS.B,
22.36%,
11/11/26
..
561
(9)
991215907.UG.FTS.B,
16.99%,
11/12/26
.
1,505
1,521
991164893.UG.FTS.B,
19.99%,
11/15/26
.
90
90
991087378.UG.FTS.B,
21.36%,
11/15/26
.
622
637
991415270.UG.FTS.B,
16.99%,
12/06/26
.
437
452
991226691.UG.FTS.B,
15.99%,
12/09/26
.
254
266
991249712.UG.FTS.B,
15.99%,
12/09/26
.
3,183
3,296
991356469.UG.FTS.B,
16.99%,
12/10/26
.
134
133
991265247.UG.FTS.B,
16.99%,
12/12/26
.
413
426
991359359.UG.FTS.B,
15.99%,
12/14/26
.
695
717
991467528.UG.FTS.B,
15.99%,
12/14/26
.
416
429
991258909.UG.FTS.B,
16.99%,
12/14/26
.
873
897
991280209.UG.FTS.B,
16.99%,
12/14/26
.
2,101
2,192
991469109.UG.FTS.B,
18.98%,
12/15/26
.
688
695
991263485.UG.FTS.B,
16.99%,
12/16/26
.
–
–
991326633.UG.FTS.B,
21.99%,
12/19/26
.
683
657
991389147.UG.FTS.B,
22.36%,
12/19/26
.
166
167
991049842.UG.FTS.B,
Zero
Cpn,
9/09/27
.
–
–
991060314.UG.FTS.B,
28.98%,
10/09/27
.
–
–
991491868.UG.FTS.B,
14.48%,
10/12/27
.
–
–
991153925.UG.FTS.B,
Zero
Cpn,
10/21/27
–
–
991352807.UG.FTS.B,
Zero
Cpn,
10/30/27
–
–
991125001.UG.FTS.B,
20.47%,
11/15/27
.
4
–
991480124.UG.FTS.B,
15.97%,
11/18/27
.
–
–
991139016.UG.FTS.B,
28.48%,
11/19/27
.
–
–
991122786.UG.FTS.B,
29.49%,
11/20/27
.
–
–
991162286.UG.FTS.B,
29.49%,
11/21/27
.
–
–
991316297.UG.FTS.B,
29.49%,
11/22/27
.
–
–
991163966.UG.FTS.B,
28.98%,
11/23/27
.
–
–
991148029.UG.FTS.B,
29.49%,
11/25/27
.
–
–
991220521.UG.FTS.B,
21.46%,
11/26/27
.
–
–
991212602.UG.FTS.B,
20.97%,
11/29/27
.
–
–
991046494.UG.FTS.B,
29.49%,
12/09/27
.
–
–
991515439.UG.FTS.B,
16.99%,
12/15/27
.
–
–
991070597.UG.FTS.B,
29.49%,
12/16/27
.
–
–
991139342.UG.FTS.B,
29.49%,
12/17/27
.
–
–
991115984.UG.FTS.B,
29.48%,
12/18/27
.
–
–
991100486.UG.FTS.B,
28.48%,
12/19/27
.
–
–
991201781.UG.FTS.B,
29.49%,
12/19/27
.
–
–
991193364.UG.FTS.B,
17.99%,
12/25/27
.
–
–
991009159.UG.FTS.B,
20.46%,
1/06/28
..
–
–
991137879.UG.FTS.B,
29.49%,
1/09/28
..
–
–
991151700.UG.FTS.B,
Zero
Cpn,
1/17/28
.
–
–
991255805.UG.FTS.B,
29.49%,
1/17/28
..
–
–
991143037.UG.FTS.B,
19.99%,
1/19/28
..
–
–
991298103.UG.FTS.B,
19.96%,
1/22/28
..
–
–
991098433.UG.FTS.B,
20.47%,
2/12/28
..
–
–
991261757.UG.FTS.B,
28.98%,
2/15/28
..
–
–
991098698.UG.FTS.B,
Zero
Cpn,
2/17/28
.
–
–
991136443.UG.FTS.B,
Zero
Cpn,
2/22/28
.
1
–
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
253
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upgrade,
Inc.
-
Card
(continued)
991116922.UG.FTS.B,
29.49%,
2/22/28
..
$
1
$
1
991140034.UG.FTS.B,
20.46%,
2/24/28
..
–
–
991363340.UG.FTS.B,
29.49%,
2/28/28
..
8
8
991076067.UG.FTS.B,
21.46%,
3/11/28
..
5
–
991060869.UG.FTS.B,
20.97%,
3/12/28
..
15
13
991291019.UG.FTS.B,
29.49%,
3/18/28
..
3
–
991196097.UG.FTS.B,
29.49%,
3/23/28
..
8
1
991186431.UG.FTS.B,
29.49%,
4/17/28
..
1
–
991269882.UG.FTS.B,
29.49%,
4/17/28
..
24
21
991277786.UG.FTS.B,
Zero
Cpn,
4/22/28
.
7
–
991188769.UG.FTS.B,
21.46%,
4/25/28
..
35
30
991149683.UG.FTS.B,
28.98%,
4/26/28
..
27
23
991382074.UG.FTS.B,
29.49%,
5/05/28
..
–
–
991409861.UG.FTS.B,
29.49%,
5/07/28
..
6
6
991086114.UG.FTS.B,
22.97%,
5/08/28
..
1
1
991032262.UG.FTS.B,
Zero
Cpn,
5/09/28
.
12
1
991033295.UG.FTS.B,
21.98%,
5/10/28
..
9
–
991180474.UG.FTS.B,
21.98%,
5/13/28
..
31
2
991263078.UG.FTS.B,
28.98%,
5/17/28
..
6
6
991255249.UG.FTS.B,
Zero
Cpn,
5/18/28
.
10
1
991133526.UG.FTS.B,
29.49%,
5/20/28
..
5
–
991116379.UG.FTS.B,
29.49%,
5/22/28
..
15
14
991209031.UG.FTS.B,
28.98%,
5/28/28
..
28
28
991024658.UG.FTS.B,
29.49%,
6/09/28
..
2
–
991032286.UG.FTS.B,
29.49%,
6/09/28
..
8
3
991169498.UG.FTS.B,
29.49%,
6/09/28
..
24
22
991349861.UG.FTS.B,
Zero
Cpn,
6/16/28
.
13
1
991202249.UG.FTS.B,
29.49%,
6/17/28
..
3
1
991100439.UG.FTS.B,
29.49%,
6/18/28
..
5
–
991289243.UG.FTS.B,
29.49%,
6/19/28
..
–
–
991298377.UG.FTS.B,
28.48%,
6/20/28
..
–
–
991150634.UG.FTS.B,
19.99%,
6/21/28
..
14
2
991294425.UG.FTS.B,
28.98%,
6/21/28
..
13
–
991223013.UG.FTS.B,
28.98%,
6/22/28
..
–
–
991286761.UG.FTS.B,
28.98%,
6/22/28
..
15
–
991220808.UG.FTS.B,
18.71%,
6/29/28
..
10
1
991191694.UG.FTS.B,
29.49%,
6/29/28
..
2
–
991198026.UG.FTS.B,
28.98%,
7/04/28
..
18
2
991046124.UG.FTS.B,
28.98%,
7/06/28
..
–
–
991107819.UG.FTS.B,
Zero
Cpn,
7/07/28
.
21
1
991397440.UG.FTS.B,
Zero
Cpn,
7/07/28
.
30
2
991403287.UG.FTS.B,
28.98%,
7/08/28
..
–
–
991063011.UG.FTS.B,
25.95%,
7/12/28
..
12
1
991139545.UG.FTS.B,
20.97%,
7/16/28
..
3
3
991070225.UG.FTS.B,
21.46%,
7/16/28
..
10
2
991139852.UG.FTS.B,
28.98%,
7/17/28
..
2
2
991249892.UG.FTS.B,
28.98%,
7/19/28
..
2
2
991219767.UG.FTS.B,
20.47%,
7/20/28
..
3
3
991117593.UG.FTS.B,
29.49%,
7/20/28
..
–
–
991130146.UG.FTS.B,
29.49%,
7/21/28
..
3
3
991187974.UG.FTS.B,
24.45%,
7/27/28
..
12
1
991204447.UG.FTS.B,
20.96%,
8/04/28
..
11
2
991322697.UG.FTS.B,
29.49%,
8/05/28
..
–
–
991306319.UG.FTS.B,
29.49%,
8/06/28
..
–
–
991310007.UG.FTS.B,
29.49%,
8/07/28
..
2
2
991361573.UG.FTS.B,
29.49%,
8/07/28
..
2
2
991355935.UG.FTS.B,
19.99%,
8/09/28
..
–
–
991372402.UG.FTS.B,
23.95%,
8/09/28
..
4
4
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991176698.UG.FTS.B,
28.98%,
8/09/28
..
$
5
$
5
991024686.UG.FTS.B,
29.49%,
8/09/28
..
3
3
991105317.UG.FTS.B,
29.49%,
8/09/28
..
2
2
991121979.UG.FTS.B,
29.49%,
8/09/28
..
23
–
991158505.UG.FTS.B,
29.49%,
8/14/28
..
2
2
991319276.UG.FTS.B,
26.44%,
8/16/28
..
7
7
991147323.UG.FTS.B,
21.48%,
8/17/28
..
10
10
991092718.UG.FTS.B,
28.98%,
8/17/28
..
14
1
991109351.UG.FTS.B,
28.98%,
8/17/28
..
18
1
991080461.UG.FTS.B,
29.49%,
8/17/28
..
40
6
991145061.UG.FTS.B,
29.49%,
8/17/28
..
3
3
991223456.UG.FTS.B,
29.49%,
8/17/28
..
16
–
991250108.UG.FTS.B,
29.49%,
8/17/28
..
1
1
991172523.UG.FTS.B,
28.48%,
8/18/28
..
1
1
991131281.UG.FTS.B,
28.98%,
8/18/28
..
1
1
991236954.UG.FTS.B,
29.48%,
8/18/28
..
4
4
991123837.UG.FTS.B,
29.49%,
8/18/28
..
2
2
991133519.UG.FTS.B,
19.99%,
8/19/28
..
2
2
991212106.UG.FTS.B,
23.95%,
8/19/28
..
4
4
991113685.UG.FTS.B,
29.49%,
8/19/28
..
32
(1)
991117400.UG.FTS.B,
29.49%,
8/19/28
..
6
6
991292780.UG.FTS.B,
29.49%,
8/19/28
..
2
2
991135863.UG.FTS.B,
28.48%,
8/20/28
..
2
2
991104984.UG.FTS.B,
28.98%,
8/20/28
..
–
–
991302261.UG.FTS.B,
28.98%,
8/20/28
..
1
1
991193777.UG.FTS.B,
29.48%,
8/20/28
..
3
3
991107277.UG.FTS.B,
29.49%,
8/20/28
..
2
2
991158534.UG.FTS.B,
29.49%,
8/20/28
..
–
–
991307782.UG.FTS.B,
29.49%,
8/20/28
..
3
3
991258067.UG.FTS.B,
28.98%,
8/21/28
..
2
2
991266187.UG.FTS.B,
28.98%,
8/21/28
..
3
3
991306783.UG.FTS.B,
29.48%,
8/21/28
..
1
1
991232879.UG.FTS.B,
29.49%,
8/21/28
..
3
3
991114757.UG.FTS.B,
28.98%,
8/22/28
..
6
6
991138713.UG.FTS.B,
28.98%,
8/22/28
..
–
–
991136503.UG.FTS.B,
29.49%,
8/22/28
..
2
2
991302811.UG.FTS.B,
29.49%,
8/22/28
..
7
7
991313269.UG.FTS.B,
29.49%,
8/22/28
..
4
4
991158173.UG.FTS.B,
28.98%,
8/23/28
..
10
2
991182403.UG.FTS.B,
29.49%,
8/23/28
..
22
(1)
991285882.UG.FTS.B,
29.49%,
8/23/28
..
1
1
991321006.UG.FTS.B,
29.49%,
8/23/28
..
16
1
991250306.UG.FTS.B,
20.97%,
8/24/28
..
3
3
991140050.UG.FTS.B,
29.49%,
8/25/28
..
–
–
991190045.UG.FTS.B,
19.8%,
8/26/28
...
4
4
991263262.UG.FTS.B,
17.99%,
8/27/28
..
3
3
991152254.UG.FTS.B,
28.98%,
8/27/28
..
2
2
991251001.UG.FTS.B,
28.98%,
8/28/28
..
6
6
991165420.UG.FTS.B,
29.48%,
8/28/28
..
3
3
991260167.UG.FTS.B,
29.48%,
8/28/28
..
4
4
991170389.UG.FTS.B,
29.49%,
8/29/28
..
1
1
991173870.UG.FTS.B,
29.49%,
8/29/28
..
5
5
991113309.UG.FTS.B,
Zero
Cpn,
7/20/32
.
–
–
1,278,972
Upstart
Network,
Inc.
L1410764.UP.FTS.B,
15.3%,
7/09/24
....
1,156
1,159
FW1612116.UP.FTS.B,
7.74%,
8/23/24
...
2,050
2,034
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
254
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L1612016.UP.FTS.B,
8.95%,
8/23/24
....
$
1,196
$
1,193
FW1611668.UP.FTS.B,
11.38%,
8/23/24
..
5,612
5,590
FW1611989.UP.FTS.B,
12.35%,
8/23/24
..
1,213
1,212
L1611926.UP.FTS.B,
17.14%,
8/23/24
....
421
423
L1612153.UP.FTS.B,
17.45%,
8/23/24
....
697
694
L1612011.UP.FTS.B,
17.65%,
8/23/24
....
926
930
L1612903.UP.FTS.B,
17.72%,
8/23/24
....
2,115
2,133
L1612795.UP.FTS.B,
19.34%,
8/23/24
....
3,394
3,419
FW1611869.UP.FTS.B,
19.81%,
8/23/24
..
849
855
L1612495.UP.FTS.B,
22.7%,
8/23/24
....
1,224
1,174
L1612257.UP.FTS.B,
22.94%,
8/23/24
....
8,829
8,878
FW1611997.UP.FTS.B,
26.88%,
8/23/24
..
2,732
2,747
FW1606291.UP.FTS.B,
27.01%,
8/23/24
..
1,823
1,827
FW1604455.UP.FTS.B,
27.65%,
8/23/24
..
2,298
2,303
FW1611972.UP.FTS.B,
28.72%,
8/23/24
..
625
182
FW1613240.UP.FTS.B,
28.79%,
8/23/24
..
693
695
FW1613150.UP.FTS.B,
30.32%,
8/23/24
..
1,008
1,004
FW1611405.UP.FTS.B,
30.92%,
8/23/24
..
3,333
3,352
FW1612529.UP.FTS.B,
31.07%,
8/23/24
..
1,532
1,470
FW1612870.UP.FTS.B,
32.37%,
8/23/24
..
2,372
2,386
FW1618227.UP.FTS.B,
7.62%,
8/24/24
...
6,193
6,145
L1615041.UP.FTS.B,
7.72%,
8/24/24
....
2,328
2,310
L1614367.UP.FTS.B,
9.22%,
8/24/24
....
590
588
L1617167.UP.FTS.B,
9.97%,
8/24/24
....
684
682
L1613537.UP.FTS.B,
10.76%,
8/24/24
....
3,588
3,579
L1616794.UP.FTS.B,
12.02%,
8/24/24
....
6,251
5,961
L1617960.UP.FTS.B,
12.89%,
8/24/24
....
2,081
115
FW1616172.UP.FTS.B,
14.22%,
8/24/24
..
1,483
1,480
L1614073.UP.FTS.B,
15.77%,
8/24/24
....
5,647
511
L1618000.UP.FTS.B,
16.11%,
8/24/24
....
2,915
2,793
L1616524.UP.FTS.B,
16.36%,
8/24/24
....
2,092
2,091
L1617307.UP.FTS.B,
16.47%,
8/24/24
....
585
590
FW1618205.UP.FTS.B,
17.17%,
8/24/24
..
5,475
5,521
FW1612144.UP.FTS.B,
17.97%,
8/24/24
..
1,264
1,274
L1616998.UP.FTS.B,
18.36%,
8/24/24
....
1,489
1,497
L1613583.UP.FTS.B,
18.67%,
8/24/24
....
3,257
123
FW1616441.UP.FTS.B,
18.68%,
8/24/24
..
1,053
1,061
L1613531.UP.FTS.B,
19.04%,
8/24/24
....
1,283
1,290
L1615656.UP.FTS.B,
19.47%,
8/24/24
....
361
358
L1614540.UP.FTS.B,
20.1%,
8/24/24
....
2,805
2,811
L1616206.UP.FTS.B,
20.31%,
8/24/24
....
1,081
1,090
L1616789.UP.FTS.B,
21.29%,
8/24/24
....
770
772
L1618119.UP.FTS.B,
21.46%,
8/24/24
....
3,024
3,041
FW1614692.UP.FTS.B,
22.37%,
8/24/24
..
4,635
4,656
L1613701.UP.FTS.B,
22.48%,
8/24/24
....
3,959
3,982
L1613954.UP.FTS.B,
22.51%,
8/24/24
....
3,521
3,530
L1612815.UP.FTS.B,
22.77%,
8/24/24
....
1,733
500
L1614621.UP.FTS.B,
22.87%,
8/24/24
....
3,923
3,944
L1614292.UP.FTS.B,
22.91%,
8/24/24
....
441
443
L1615531.UP.FTS.B,
23.83%,
8/24/24
....
1,378
1,386
FW1616265.UP.FTS.B,
25.8%,
8/24/24
...
2,967
2,981
FW1615059.UP.FTS.B,
26.12%,
8/24/24
..
2,653
2,667
FW1613406.UP.FTS.B,
26.85%,
8/24/24
..
3,597
3,457
FW1614960.UP.FTS.B,
27.28%,
8/24/24
..
1,437
1,441
FW1608456.UP.FTS.B,
28.41%,
8/24/24
..
87
86
FW1617127.UP.FTS.B,
28.63%,
8/24/24
..
1,384
1,393
FW1617697.UP.FTS.B,
29%,
8/24/24
....
1,099
1,055
FW1617880.UP.FTS.B,
29.1%,
8/24/24
...
926
932
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L1619786.UP.FTS.B,
7.29%,
8/25/24
....
$
1,093
$
1,083
L1620409.UP.FTS.B,
9.92%,
8/25/24
....
791
790
L1609249.UP.FTS.B,
10.93%,
8/25/24
....
1,996
1,996
L1618433.UP.FTS.B,
12.74%,
8/25/24
....
6,084
6,074
L1618817.UP.FTS.B,
13.07%,
8/25/24
....
1,463
1,463
L1618890.UP.FTS.B,
13.2%,
8/25/24
....
1,466
1,464
L1619755.UP.FTS.B,
13.74%,
8/25/24
....
2,291
2,287
L1620684.UP.FTS.B,
15.61%,
8/25/24
....
2,267
2,281
L1595806.UP.FTS.B,
16.33%,
8/25/24
....
1,422
1,431
FW1617392.UP.FTS.B,
16.64%,
8/25/24
..
2,517
2,538
FW1618611.UP.FTS.B,
19.46%,
8/25/24
..
1,793
1,809
L1620021.UP.FTS.B,
20.47%,
8/25/24
....
866
871
L1617738.UP.FTS.B,
20.93%,
8/25/24
....
3,508
3,515
L1620934.UP.FTS.B,
22.56%,
8/25/24
....
1,672
1,684
L1618207.UP.FTS.B,
22.64%,
8/25/24
....
1,762
1,774
FW1621090.UP.FTS.B,
25.79%,
8/25/24
..
1,136
18
FW1620098.UP.FTS.B,
26.52%,
8/25/24
..
1,495
1,502
FW1618797.UP.FTS.B,
27.03%,
8/25/24
..
1,637
1,630
FW1618720.UP.FTS.B,
30.08%,
8/25/24
..
3,359
3,382
L1612835.UP.FTS.B,
11.9%,
8/26/24
.....
1,609
1,609
L1705462.UP.FTS.B,
6%,
9/13/24
.......
11,230
11,286
L1706751.UP.FTS.B,
6.12%,
9/13/24
....
3,981
3,946
L1707041.UP.FTS.B,
6.68%,
9/13/24
....
11,142
11,045
L1705350.UP.FTS.B,
7.7%,
9/13/24
.....
1,663
1,656
L1693379.UP.FTS.B,
10.32%,
9/13/24
....
2,128
2,122
L1704842.UP.FTS.B,
13.48%,
9/13/24
....
2,238
162
L1706753.UP.FTS.B,
13.61%,
9/13/24
....
3,280
3,271
L1706804.UP.FTS.B,
14.15%,
9/13/24
....
6,733
6,744
FW1703114.UP.FTS.B,
14.49%,
9/13/24
..
1,542
1,549
L1706939.UP.FTS.B,
15.26%,
9/13/24
....
809
811
L1706922.UP.FTS.B,
15.62%,
9/13/24
....
17,782
17,862
L1704236.UP.FTS.B,
15.99%,
9/13/24
....
3,978
3,995
L1702670.UP.FTS.B,
17.62%,
9/13/24
....
1,271
1,274
L1706278.UP.FTS.B,
17.82%,
9/13/24
....
3,917
3,924
FW1704884.UP.FTS.B,
18%,
9/13/24
....
612
613
FW1706133.UP.FTS.B,
18.48%,
9/13/24
..
2,424
2,427
L1704877.UP.FTS.B,
19.78%,
9/13/24
....
1,837
1,846
L1706370.UP.FTS.B,
22.24%,
9/13/24
....
1,404
1,405
L1706636.UP.FTS.B,
22.54%,
9/13/24
....
2,657
2,636
L1706515.UP.FTS.B,
23%,
9/13/24
......
903
902
FW1690887.UP.FTS.B,
23.14%,
9/13/24
..
1,887
1,888
L1705591.UP.FTS.B,
23.35%,
9/13/24
....
2,588
2,582
FW1704787.UP.FTS.B,
26.17%,
9/13/24
..
1,918
1,907
FW1705725.UP.FTS.B,
26.51%,
9/13/24
..
978
70
FW1706468.UP.FTS.B,
26.54%,
9/13/24
..
683
677
FW1706959.UP.FTS.B,
28.41%,
9/13/24
..
980
980
FW1704857.UP.FTS.B,
28.91%,
9/13/24
..
1,959
1,952
L1880417.UP.FTS.B,
5.63%,
10/19/24
....
1,296
1,285
L1877544.UP.FTS.B,
9.08%,
10/19/24
....
477
475
L1828554.UP.FTS.B,
9.21%,
10/19/24
....
675
673
L1880929.UP.FTS.B,
9.86%,
10/19/24
....
2,263
2,254
L1843265.UP.FTS.B,
9.92%,
10/19/24
....
5,434
5,414
L1877810.UP.FTS.B,
10.5%,
10/19/24
....
1,001
996
FW1880015.UP.FTS.B,
10.71%,
10/19/24
.
7,747
7,729
FW1880412.UP.FTS.B,
11.4%,
10/19/24
..
4,582
4,571
FW1881446.UP.FTS.B,
11.54%,
10/19/24
.
459
456
L1879230.UP.FTS.B,
12.91%,
10/19/24
...
2,968
2,961
L1879927.UP.FTS.B,
13.42%,
10/19/24
...
2,561
2,574
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
255
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L1881269.UP.FTS.B,
13.94%,
10/19/24
...
$
1,413
$
211
L1878015.UP.FTS.B,
14.68%,
10/19/24
...
470
473
FW1878235.UP.FTS.B,
16.59%,
10/19/24
.
477
480
L1876177.UP.FTS.B,
16.95%,
10/19/24
...
478
481
FW1880539.UP.FTS.B,
18.7%,
10/19/24
..
1,698
1,701
L1879219.UP.FTS.B,
18.95%,
10/19/24
...
2,230
2,237
L1877157.UP.FTS.B,
19.36%,
10/19/24
...
2,679
2,693
FW1880021.UP.FTS.B,
19.73%,
10/19/24
.
4,380
318
L1877812.UP.FTS.B,
19.98%,
10/19/24
...
729
66
FW1877508.UP.FTS.B,
20.09%,
10/19/24
.
2,638
2,519
FW1880944.UP.FTS.B,
20.45%,
10/19/24
.
3,381
3,397
FW1876805.UP.FTS.B,
20.67%,
10/19/24
.
481
484
L1880976.UP.FTS.B,
21.84%,
10/19/24
...
2,455
2,467
L1880669.UP.FTS.B,
22.94%,
10/19/24
...
3,073
81
L1878741.UP.FTS.B,
23.21%,
10/19/24
...
1,703
1,712
L1880362.UP.FTS.B,
23.34%,
10/19/24
...
494
494
FW1877656.UP.FTS.B,
23.66%,
10/19/24
.
968
966
FW1877532.UP.FTS.B,
24.41%,
10/19/24
.
1,539
1,540
FW1881583.UP.FTS.B,
25.39%,
10/19/24
.
2,544
2,547
FW1879233.UP.FTS.B,
26.7%,
10/19/24
..
514
516
FW1880823.UP.FTS.B,
27.61%,
10/19/24
.
1,809
1,811
FW1873483.UP.FTS.B,
27.95%,
10/19/24
.
725
726
FW1880670.UP.FTS.B,
28.35%,
10/19/24
.
665
663
FW1881404.UP.FTS.B,
28.73%,
10/19/24
.
1,822
1,825
FW1880562.UP.FTS.B,
28.77%,
10/19/24
.
1,897
3
FW1875773.UP.FTS.B,
28.85%,
10/19/24
.
3,517
3,519
FW1877809.UP.FTS.B,
28.9%,
10/19/24
..
2,555
2,558
FW1877220.UP.FTS.B,
29.16%,
10/19/24
.
837
835
L1877399.UP.FTS.B,
18.99%,
10/28/24
...
488
491
L1876918.UP.FTS.B,
23.43%,
11/01/24
...
756
753
FW1991266.UP.FTS.B,
5.75%,
11/08/24
..
2,798
2,769
L1996492.UP.FTS.B,
5.82%,
11/08/24
....
1,165
1,154
L1994177.UP.FTS.B,
6.01%,
11/08/24
....
3,732
3,697
FW1997734.UP.FTS.B,
6.36%,
11/08/24
..
3,875
3,839
L1989270.UP.FTS.B,
6.75%,
11/08/24
....
3,050
3,022
L1995781.UP.FTS.B,
7.12%,
11/08/24
....
12,471
12,339
L1991938.UP.FTS.B,
7.13%,
11/08/24
....
4,567
4,524
L1997129.UP.FTS.B,
7.49%,
11/08/24
....
3,304
3,286
L1995628.UP.FTS.B,
8.15%,
11/08/24
....
1,300
1,291
FW1989730.UP.FTS.B,
9.3%,
11/08/24
...
7,179
7,139
L1989289.UP.FTS.B,
9.6%,
11/08/24
.....
1,770
1,758
FW1988815.UP.FTS.B,
10.61%,
11/08/24
.
725
721
L1990488.UP.FTS.B,
10.69%,
11/08/24
...
6,752
6,718
L1990483.UP.FTS.B,
10.71%,
11/08/24
...
481
479
L1989128.UP.FTS.B,
11.31%,
11/08/24
...
1,215
1,209
L1997576.UP.FTS.B,
11.59%,
11/08/24
...
487
485
L1991664.UP.FTS.B,
13.31%,
11/08/24
...
3,530
978
L1998240.UP.FTS.B,
14.07%,
11/08/24
...
8,928
8,937
L1991934.UP.FTS.B,
14.49%,
11/08/24
...
2,239
2,228
L1999740.UP.FTS.B,
14.54%,
11/08/24
...
3,953
3,957
FW1989018.UP.FTS.B,
14.66%,
11/08/24
.
4,483
4,488
FW1999553.UP.FTS.B,
14.97%,
11/08/24
.
502
499
L1990825.UP.FTS.B,
15.23%,
11/08/24
...
2,001
2,003
FW1991866.UP.FTS.B,
15.28%,
11/08/24
.
3,754
3,758
L1989094.UP.FTS.B,
15.37%,
11/08/24
...
601
602
L1992799.UP.FTS.B,
15.97%,
11/08/24
...
2,514
2,517
FW1997339.UP.FTS.B,
15.98%,
11/08/24
.
782
772
L1994442.UP.FTS.B,
16.18%,
11/08/24
...
1,007
1,009
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L1969331.UP.FTS.B,
16.28%,
11/08/24
...
$
504
$
505
L1991018.UP.FTS.B,
17.05%,
11/08/24
...
1,267
1,269
L1987185.UP.FTS.B,
17.72%,
11/08/24
...
912
906
FW1991976.UP.FTS.B,
18.69%,
11/08/24
.
2,154
2,156
L1998424.UP.FTS.B,
19%,
11/08/24
.....
2,621
2,624
FW1998538.UP.FTS.B,
20.31%,
11/08/24
.
2,558
2,547
L1991260.UP.FTS.B,
20.4%,
11/08/24
....
8,168
8,112
L1999186.UP.FTS.B,
20.9%,
11/08/24
....
1,813
1,805
L1993163.UP.FTS.B,
22.06%,
11/08/24
...
2,071
2,062
L1990534.UP.FTS.B,
22.07%,
11/08/24
...
5,317
5,280
FW1997760.UP.FTS.B,
22.3%,
11/08/24
..
5,144
371
FW1989573.UP.FTS.B,
22.36%,
11/08/24
.
789
786
L1994045.UP.FTS.B,
22.76%,
11/08/24
...
1,425
1,419
FW1991109.UP.FTS.B,
23.32%,
11/08/24
.
3,060
438
L1992601.UP.FTS.B,
23.37%,
11/08/24
...
615
611
L1995328.UP.FTS.B,
23.72%,
11/08/24
...
2,660
2,640
FW1998906.UP.FTS.B,
25.05%,
11/08/24
.
1,909
1,894
FW1990565.UP.FTS.B,
26.42%,
11/08/24
.
1,459
1,453
FW1999321.UP.FTS.B,
26.61%,
11/08/24
.
2,436
2,426
FW1993106.UP.FTS.B,
27.22%,
11/08/24
.
1,904
557
FW1990425.UP.FTS.B,
27.28%,
11/08/24
.
2,707
2,696
FW1998626.UP.FTS.B,
27.42%,
11/08/24
.
1,887
273
FW1997204.UP.FTS.B,
28.06%,
11/08/24
.
2,701
2,689
FW1999593.UP.FTS.B,
28.28%,
11/08/24
.
1,094
1,090
FW1999260.UP.FTS.B,
28.83%,
11/08/24
.
5,593
5,555
FW1984213.UP.FTS.B,
18.47%,
11/15/24
.
1,548
1,550
L1990206.UP.FTS.B,
19.65%,
11/15/24
...
1,701
1,693
L1993658.UP.FTS.B,
16.43%,
11/16/24
...
4,354
4,341
L2074995.UP.FTS.B,
6.25%,
11/18/24
....
2,239
2,219
L2075196.UP.FTS.B,
6.5%,
11/18/24
.....
703
697
L2071075.UP.FTS.B,
6.65%,
11/18/24
....
4,358
4,319
L2067255.UP.FTS.B,
7.27%,
11/18/24
....
6,489
6,156
L2074894.UP.FTS.B,
7.38%,
11/18/24
....
6,131
6,078
FW2060208.UP.FTS.B,
8.38%,
11/18/24
..
1,940
1,925
L2074717.UP.FTS.B,
9.11%,
11/18/24
....
3,823
3,807
L2071958.UP.FTS.B,
10.19%,
11/18/24
...
2,168
2,159
L2042230.UP.FTS.B,
10.36%,
11/18/24
...
579
577
L2069761.UP.FTS.B,
11.37%,
11/18/24
...
669
666
L2073296.UP.FTS.B,
11.88%,
11/18/24
...
4,490
4,476
L2074825.UP.FTS.B,
11.88%,
11/18/24
...
878
876
L2069517.UP.FTS.B,
12.06%,
11/18/24
...
4,889
4,875
L2071334.UP.FTS.B,
13.96%,
11/18/24
...
1,737
246
L2074624.UP.FTS.B,
14.71%,
11/18/24
...
1,495
1,501
L2071744.UP.FTS.B,
15.58%,
11/18/24
...
4,764
4,783
L2071211.UP.FTS.B,
15.75%,
11/18/24
...
2,918
2,795
L2070735.UP.FTS.B,
15.91%,
11/18/24
...
5,528
5,551
L2069907.UP.FTS.B,
16.18%,
11/18/24
...
2,217
2,226
L2070764.UP.FTS.B,
16.31%,
11/18/24
...
1,262
1,267
L2070361.UP.FTS.B,
16.86%,
11/18/24
...
4,050
4,066
L2043746.UP.FTS.B,
18%,
11/18/24
.....
3,062
3,074
L2073793.UP.FTS.B,
18.13%,
11/18/24
...
3,723
137
L2075163.UP.FTS.B,
19.13%,
11/18/24
...
2,825
2,837
L2070689.UP.FTS.B,
19.39%,
11/18/24
...
5,435
5,207
L2072986.UP.FTS.B,
19.5%,
11/18/24
....
4,777
4,783
L2074866.UP.FTS.B,
20.36%,
11/18/24
...
568
566
FW2070210.UP.FTS.B,
21.14%,
11/18/24
.
7,824
7,823
L2069989.UP.FTS.B,
21.94%,
11/18/24
...
4,458
4,457
FW2074575.UP.FTS.B,
21.98%,
11/18/24
.
2,623
2,623
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
256
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2075360.UP.FTS.B,
22.53%,
11/18/24
...
$
526
$
529
L2075201.UP.FTS.B,
22.55%,
11/18/24
...
1,812
1,818
L2071339.UP.FTS.B,
23.22%,
11/18/24
...
5,184
5,184
L2074321.UP.FTS.B,
23.4%,
11/18/24
....
394
390
FW2074738.UP.FTS.B,
25.07%,
11/18/24
.
2,146
2,139
FW2072771.UP.FTS.B,
26.31%,
11/18/24
.
539
539
FW2074885.UP.FTS.B,
26.84%,
11/18/24
.
686
678
FW2073544.UP.FTS.B,
26.86%,
11/18/24
.
1,084
1,084
FW2074174.UP.FTS.B,
27.6%,
11/18/24
..
655
655
FW2074893.UP.FTS.B,
28.12%,
11/18/24
.
710
710
FW2074718.UP.FTS.B,
28.91%,
11/18/24
.
824
824
FW2074605.UP.FTS.B,
29%,
11/18/24
...
2,324
2,320
FW2074651.UP.FTS.B,
29.17%,
11/18/24
.
4,449
316
L2215514.UP.FTS.B,
6.51%,
12/09/24
....
3,425
3,393
L2218454.UP.FTS.B,
6.62%,
12/09/24
....
1,590
1,575
L2198786.UP.FTS.B,
7.35%,
12/09/24
....
1,360
1,345
L2218367.UP.FTS.B,
9.23%,
12/09/24
....
506
503
FW2216772.UP.FTS.B,
10.45%,
12/09/24
.
1,278
1,270
L2215668.UP.FTS.B,
11.82%,
12/09/24
...
6,279
1,693
L2218473.UP.FTS.B,
11.83%,
12/09/24
...
4,831
430
L2218057.UP.FTS.B,
12.68%,
12/09/24
...
2,285
2,272
L2218119.UP.FTS.B,
12.83%,
12/09/24
...
1,020
75
L2214428.UP.FTS.B,
14.33%,
12/09/24
...
1,959
1,955
L2216051.UP.FTS.B,
16.31%,
12/09/24
...
3,518
960
L2216899.UP.FTS.B,
16.51%,
12/09/24
...
1,861
264
FW2215617.UP.FTS.B,
17.98%,
12/09/24
.
1,604
1,604
L2217273.UP.FTS.B,
18.07%,
12/09/24
...
1,088
1,086
FW2217838.UP.FTS.B,
18.43%,
12/09/24
.
10,882
10,854
L2216494.UP.FTS.B,
18.54%,
12/09/24
...
7,841
7,844
L2215156.UP.FTS.B,
18.88%,
12/09/24
...
4,084
2,431
L2215879.UP.FTS.B,
21.14%,
12/09/24
...
2,297
2,281
L2214773.UP.FTS.B,
21.94%,
12/09/24
...
1,824
1,815
L2214203.UP.FTS.B,
22.16%,
12/09/24
...
4,429
4,408
L2215694.UP.FTS.B,
22.23%,
12/09/24
...
3,323
3,307
L2217794.UP.FTS.B,
22.85%,
12/09/24
...
1,112
1,113
L2217826.UP.FTS.B,
23.12%,
12/09/24
...
2,228
2,217
L2217187.UP.FTS.B,
23.26%,
12/09/24
...
2,129
597
FW2194665.UP.FTS.B,
23.32%,
12/09/24
.
666
663
L1410939.UP.FTS.B,
23.67%,
12/09/24
...
2,082
2,079
FW2214522.UP.FTS.B,
26.52%,
12/09/24
.
3,502
3,477
L2219730.UP.FTS.B,
6.81%,
12/10/24
....
4,975
4,929
L2221277.UP.FTS.B,
9.11%,
12/10/24
....
5,060
5,031
L2220268.UP.FTS.B,
10.33%,
12/10/24
...
2,552
2,538
L2220173.UP.FTS.B,
10.59%,
12/10/24
...
1,012
1,006
L2220491.UP.FTS.B,
10.62%,
12/10/24
...
512
509
L2221024.UP.FTS.B,
11.5%,
12/10/24
....
2,214
2,202
L2220175.UP.FTS.B,
12.44%,
12/10/24
...
2,073
2,062
FW2221592.UP.FTS.B,
12.68%,
12/10/24
.
2,409
2,394
FW2219110.UP.FTS.B,
14.72%,
12/10/24
.
3,950
3,930
FW2219902.UP.FTS.B,
15.07%,
12/10/24
.
7,918
7,923
L2219054.UP.FTS.B,
16.23%,
12/10/24
...
2,928
2,930
FW2220767.UP.FTS.B,
16.93%,
12/10/24
.
1,871
1,873
L2219716.UP.FTS.B,
17.42%,
12/10/24
...
3,197
3,198
L2222176.UP.FTS.B,
17.82%,
12/10/24
...
1,614
1,615
FW2219362.UP.FTS.B,
18.87%,
12/10/24
.
2,438
2,439
L2221644.UP.FTS.B,
19.1%,
12/10/24
....
2,713
2,715
L2220530.UP.FTS.B,
19.78%,
12/10/24
...
1,642
1,629
L2222285.UP.FTS.B,
19.82%,
12/10/24
...
505
504
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2222110.UP.FTS.B,
20.56%,
12/10/24
...
$
1,772
$
485
L2219790.UP.FTS.B,
20.59%,
12/10/24
...
2,740
2,742
FW2218657.UP.FTS.B,
21.6%,
12/10/24
..
1,297
1,282
L2221774.UP.FTS.B,
21.93%,
12/10/24
...
5,507
5,510
FW2219561.UP.FTS.B,
22.18%,
12/10/24
.
1,384
1,385
L2221302.UP.FTS.B,
22.2%,
12/10/24
....
4,394
1,252
L2221286.UP.FTS.B,
22.62%,
12/10/24
...
3,062
3,041
L2219861.UP.FTS.B,
23.85%,
12/10/24
...
3,134
3,120
L2219041.UP.FTS.B,
24.61%,
12/10/24
...
5,624
5,598
FW2221624.UP.FTS.B,
24.89%,
12/10/24
.
323
318
FW2215089.UP.FTS.B,
25.18%,
12/10/24
.
8,467
8,430
FW2221043.UP.FTS.B,
26.33%,
12/10/24
.
3,449
3,424
L2211402.UP.FTS.B,
18.17%,
12/22/24
...
1,701
1,623
L1612705.UP.FTS.B,
21.91%,
1/23/25
....
2,948
2,798
FW1611995.UP.FTS.B,
26.04%,
1/23/25
..
3,407
3,397
FW1611967.UP.FTS.B,
27.5%,
1/23/25
...
3,416
3,264
FW1618121.UP.FTS.B,
27.49%,
1/24/25
..
5,294
5,075
FW1615843.UP.FTS.B,
29.08%,
1/24/25
..
742
706
L1621220.UP.FTS.B,
21.82%,
1/25/25
....
1,666
1,659
FW1619402.UP.FTS.B,
29.13%,
1/25/25
..
1,255
1,253
L1705649.UP.FTS.B,
12.52%,
2/13/25
....
4,581
335
L1705867.UP.FTS.B,
23.21%,
2/13/25
....
3,610
259
L1706082.UP.FTS.B,
23.36%,
2/13/25
....
3,111
1,882
L1876344.UP.FTS.B,
21.57%,
3/19/25
....
1,937
1,914
L1878043.UP.FTS.B,
23%,
3/19/25
......
24,675
24,462
FW1876639.UP.FTS.B,
25.42%,
3/19/25
..
1,054
74
L1996950.UP.FTS.B,
14.91%,
4/08/25
....
3,019
2,981
FW1988077.UP.FTS.B,
17.51%,
4/08/25
..
1,623
1,617
L1995937.UP.FTS.B,
19.73%,
4/08/25
....
8,543
5,021
FW1996652.UP.FTS.B,
20.84%,
4/08/25
..
908
899
L1989183.UP.FTS.B,
20.95%,
4/08/25
....
8,526
8,435
L1992850.UP.FTS.B,
21.32%,
4/08/25
....
6,219
6,129
FW1999367.UP.FTS.B,
26.01%,
4/08/25
..
1,427
403
L1992210.UP.FTS.B,
21.73%,
4/16/25
....
1,727
1,725
L2074442.UP.FTS.B,
9.61%,
4/18/25
....
2,312
2,289
L2072070.UP.FTS.B,
14.5%,
4/18/25
....
2,182
2,170
L2071251.UP.FTS.B,
17.57%,
4/18/25
....
592
588
L2075012.UP.FTS.B,
19.96%,
4/18/25
....
5,450
173
L1959123.UP.FTS.B,
23.14%,
4/18/25
....
2,854
2,839
FW2071617.UP.FTS.B,
24.28%,
4/18/25
..
6,577
6,495
FW2074154.UP.FTS.B,
28.72%,
4/18/25
..
953
68
L1996568.UP.FTS.B,
13.69%,
4/22/25
....
2,591
2,561
L2218347.UP.FTS.B,
8.96%,
5/09/25
....
3,697
504
L2215847.UP.FTS.B,
15.81%,
5/09/25
....
8,506
8,428
L2215619.UP.FTS.B,
17.97%,
5/09/25
....
1,382
1,370
FW2216954.UP.FTS.B,
19.2%,
5/09/25
...
4,101
2,402
FW2214394.UP.FTS.B,
19.36%,
5/09/25
..
666
94
L2215113.UP.FTS.B,
19.57%,
5/09/25
....
3,008
2,979
L2214186.UP.FTS.B,
22.58%,
5/09/25
....
2,144
2,109
L2218938.UP.FTS.B,
7.83%,
5/10/25
....
4,465
4,413
L2220009.UP.FTS.B,
18.38%,
5/10/25
....
1,651
1,637
FW2220220.UP.FTS.B,
21.76%,
5/10/25
..
2,123
1,280
FW2220602.UP.FTS.B,
22.35%,
5/10/25
..
3,166
3,139
FW2221895.UP.FTS.B,
22.51%,
5/10/25
..
4,213
1,190
FW2219263.UP.FTS.B,
25.61%,
5/10/25
..
5,070
1,456
FW2220132.UP.FTS.B,
25.62%,
5/10/25
..
2,517
141
FW2214152.UP.FTS.B,
19.21%,
5/24/25
..
2,284
2,154
FW1613175.UP.FTS.B,
24.35%,
6/23/25
..
3,220
488
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
257
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW1617191.UP.FTS.B,
30.37%,
6/24/25
..
$
1,138
$
(12)
FW1601279.UP.FTS.B,
28.41%,
6/25/25
..
1,195
1,191
L1701616.UP.FTS.B,
19.62%,
7/13/25
....
1,044
1,038
L1707019.UP.FTS.B,
22.94%,
7/28/25
....
6,162
6,092
L2000015.UP.FTS.B,
20.73%,
9/08/25
....
635
629
L1994247.UP.FTS.B,
23.34%,
9/08/25
....
1,117
1,109
L1410769.UP.FTS.B,
17.3%,
7/09/26
....
3,245
1,863
L1410682.UP.FTS.B,
18.43%,
7/09/26
....
6,383
6,324
L1410871.UP.FTS.B,
19.36%,
7/09/26
....
2,840
2,813
L1406959.UP.FTS.B,
19.7%,
7/09/26
....
1,855
1,838
L1410905.UP.FTS.B,
21.33%,
7/09/26
....
5,819
419
L1410134.UP.FTS.B,
22.14%,
7/09/26
....
4,147
2,439
FW1410806.UP.FTS.B,
26.55%,
7/09/26
..
1,685
478
FW1410862.UP.FTS.B,
30.65%,
7/09/26
..
1,608
1,609
L1612245.UP.FTS.B,
7.13%,
8/23/26
....
3,151
3,123
L1612759.UP.FTS.B,
7.7%,
8/23/26
.....
3,636
3,606
L1613031.UP.FTS.B,
10.95%,
8/23/26
....
12,684
12,580
L1613160.UP.FTS.B,
11.35%,
8/23/26
....
21,000
19,763
L1612342.UP.FTS.B,
11.46%,
8/23/26
....
34,103
33,856
L1612983.UP.FTS.B,
11.8%,
8/23/26
.....
35,441
33,366
L1612198.UP.FTS.B,
11.94%,
8/23/26
....
8,830
8,764
FW1612119.UP.FTS.B,
13.33%,
8/23/26
..
14,142
13,321
L1606587.UP.FTS.B,
14.39%,
8/23/26
....
34,845
34,598
L1612751.UP.FTS.B,
14.6%,
8/23/26
....
10,485
10,426
L1612460.UP.FTS.B,
14.95%,
8/23/26
....
10,513
10,454
L1611811.UP.FTS.B,
15.17%,
8/23/26
....
14,339
13,559
FW1611006.UP.FTS.B,
15.64%,
8/23/26
..
14,731
14,622
L1611958.UP.FTS.B,
16.45%,
8/23/26
....
8,184
7,948
L1613087.UP.FTS.B,
17.25%,
8/23/26
....
5,699
5,668
L1613097.UP.FTS.B,
17.66%,
8/23/26
....
325
320
L1613141.UP.FTS.B,
18.36%,
8/23/26
....
4,314
4,282
L1612462.UP.FTS.B,
18.65%,
8/23/26
....
7,066
7,022
L1611722.UP.FTS.B,
19.13%,
8/23/26
....
5,782
5,751
FW1613143.UP.FTS.B,
19.39%,
8/23/26
..
14,479
14,402
L1612696.UP.FTS.B,
19.76%,
8/23/26
....
7,985
8,025
L1612946.UP.FTS.B,
20.18%,
8/23/26
....
28,679
2,082
L1611808.UP.FTS.B,
20.24%,
8/23/26
....
7,283
7,319
L1611110.UP.FTS.B,
20.52%,
8/23/26
....
13,157
13,193
FW1613287.UP.FTS.B,
21.05%,
8/23/26
..
2,196
2,207
L1611961.UP.FTS.B,
21.45%,
8/23/26
....
4,039
4,059
L1611980.UP.FTS.B,
21.62%,
8/23/26
....
2,943
2,950
L1612389.UP.FTS.B,
21.85%,
8/23/26
....
4,707
4,682
FW1612398.UP.FTS.B,
22.84%,
8/23/26
..
7,580
7,247
FW1613265.UP.FTS.B,
23.28%,
8/23/26
..
4,461
4,483
L1612902.UP.FTS.B,
24.91%,
8/23/26
....
11,119
11,166
L1605896.UP.FTS.B,
25.03%,
8/23/26
....
23,223
22,213
L1612867.UP.FTS.B,
25.04%,
8/23/26
....
1,354
1,360
L1611991.UP.FTS.B,
25.15%,
8/23/26
....
1,038
1,027
L1613022.UP.FTS.B,
25.17%,
8/23/26
....
4,681
1,361
L1612115.UP.FTS.B,
25.2%,
8/23/26
.....
903
908
L1612430.UP.FTS.B,
25.3%,
8/23/26
....
828
833
L1610778.UP.FTS.B,
25.4%,
8/23/26
....
3,185
3,198
L1612475.UP.FTS.B,
25.7%,
8/23/26
....
993
995
L1612818.UP.FTS.B,
26.11%,
8/23/26
....
768
55
L1613041.UP.FTS.B,
26.53%,
8/23/26
....
4,541
4,550
FW1612416.UP.FTS.B,
27.52%,
8/23/26
..
7,550
7,583
FW1612359.UP.FTS.B,
28.35%,
8/23/26
..
16,561
1,158
FW1613053.UP.FTS.B,
30.42%,
8/23/26
..
590
586
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW1612948.UP.FTS.B,
30.7%,
8/23/26
...
$
7,781
$
7,819
FW1598463.UP.FTS.B,
30.71%,
8/23/26
..
11,669
11,727
FW1612884.UP.FTS.B,
30.9%,
8/23/26
...
2,389
2,329
FW1610809.UP.FTS.B,
31.14%,
8/23/26
..
2,179
2,125
L1613929.UP.FTS.B,
6.38%,
8/24/26
....
9,805
9,717
L1613779.UP.FTS.B,
8.38%,
8/24/26
....
9,313
9,231
L1617369.UP.FTS.B,
8.58%,
8/24/26
....
7,289
7,215
L1614080.UP.FTS.B,
9.53%,
8/24/26
....
2,055
1,931
L1616604.UP.FTS.B,
10.09%,
8/24/26
....
9,781
9,701
L1613335.UP.FTS.B,
10.66%,
8/24/26
....
1,017
1,008
L1618136.UP.FTS.B,
10.88%,
8/24/26
....
3,698
225
L1616625.UP.FTS.B,
11.18%,
8/24/26
....
10,375
620
L1615613.UP.FTS.B,
11.71%,
8/24/26
....
4,374
4,343
L1614345.UP.FTS.B,
12.28%,
8/24/26
....
2,733
2,713
L1614068.UP.FTS.B,
12.29%,
8/24/26
....
9,137
9,058
L1617085.UP.FTS.B,
12.5%,
8/24/26
....
8,759
8,694
L1613877.UP.FTS.B,
13.09%,
8/24/26
....
10,363
10,291
L1613838.UP.FTS.B,
13.27%,
8/24/26
....
689
684
L1615725.UP.FTS.B,
13.27%,
8/24/26
....
3,818
3,597
L1617795.UP.FTS.B,
13.57%,
8/24/26
....
17,339
17,218
L1614941.UP.FTS.B,
13.72%,
8/24/26
....
6,712
6,661
L1616432.UP.FTS.B,
13.96%,
8/24/26
....
12,727
11,989
FW1614076.UP.FTS.B,
14.66%,
8/24/26
..
7,165
6,746
L1615692.UP.FTS.B,
15.67%,
8/24/26
....
5,437
388
L1617268.UP.FTS.B,
15.74%,
8/24/26
....
1,763
1,750
L1617016.UP.FTS.B,
15.82%,
8/24/26
....
12,275
12,209
L1616977.UP.FTS.B,
16.49%,
8/24/26
....
2,032
2,019
L1617004.UP.FTS.B,
16.62%,
8/24/26
....
4,258
4,235
L1613683.UP.FTS.B,
16.65%,
8/24/26
....
4,571
4,545
FW1613769.UP.FTS.B,
16.69%,
8/24/26
..
3,625
3,427
L1614266.UP.FTS.B,
16.7%,
8/24/26
....
2,202
2,190
L1616581.UP.FTS.B,
16.94%,
8/24/26
....
2,121
2,109
L1614751.UP.FTS.B,
17.63%,
8/24/26
....
10,665
10,609
L1618185.UP.FTS.B,
18.18%,
8/24/26
....
8,613
8,567
L1614375.UP.FTS.B,
18.88%,
8/24/26
....
5,771
5,742
L1616929.UP.FTS.B,
19.05%,
8/24/26
....
7,223
7,186
L1617080.UP.FTS.B,
19.1%,
8/24/26
....
5,058
5,031
L1613574.UP.FTS.B,
19.14%,
8/24/26
....
2,168
2,157
L1617202.UP.FTS.B,
19.24%,
8/24/26
....
2,170
2,158
L1618259.UP.FTS.B,
19.27%,
8/24/26
....
5,787
5,818
L1613957.UP.FTS.B,
19.33%,
8/24/26
....
7,960
7,920
L1617047.UP.FTS.B,
19.37%,
8/24/26
....
1,530
1,518
L1616477.UP.FTS.B,
19.45%,
8/24/26
....
4,346
4,324
L1614886.UP.FTS.B,
19.82%,
8/24/26
....
8,133
8,089
L1617537.UP.FTS.B,
20.26%,
8/24/26
....
2,695
2,681
L1600527.UP.FTS.B,
20.35%,
8/24/26
....
7,179
6,794
L1613477.UP.FTS.B,
20.77%,
8/24/26
....
3,002
2,840
L1613128.UP.FTS.B,
21.09%,
8/24/26
....
37,337
35,368
L1614925.UP.FTS.B,
21.15%,
8/24/26
....
695
697
FW1617037.UP.FTS.B,
21.16%,
8/24/26
..
7,504
7,179
L1617008.UP.FTS.B,
21.28%,
8/24/26
....
2,348
2,355
FW1617548.UP.FTS.B,
21.5%,
8/24/26
...
3,526
3,545
L1615113.UP.FTS.B,
21.5%,
8/24/26
.....
2,410
2,419
FW1616680.UP.FTS.B,
21.59%,
8/24/26
..
8,821
8,776
FW1615331.UP.FTS.B,
21.76%,
8/24/26
..
17,971
18,044
L1616494.UP.FTS.B,
21.88%,
8/24/26
....
2,373
2,346
L1615740.UP.FTS.B,
22.58%,
8/24/26
....
2,960
2,975
L1617797.UP.FTS.B,
22.65%,
8/24/26
....
24,429
24,558
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
258
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L1614645.UP.FTS.B,
22.79%,
8/24/26
....
$
2,371
$
2,384
L1613261.UP.FTS.B,
22.8%,
8/24/26
....
2,521
2,528
L1617314.UP.FTS.B,
23.08%,
8/24/26
....
1,839
1,848
FW1614723.UP.FTS.B,
23.32%,
8/24/26
..
11,153
11,212
FW1614111.UP.FTS.B,
23.36%,
8/24/26
..
8,924
8,972
L1617338.UP.FTS.B,
23.46%,
8/24/26
....
1,861
1,871
L1617363.UP.FTS.B,
23.46%,
8/24/26
....
5,884
5,850
FW1616273.UP.FTS.B,
23.5%,
8/24/26
...
722
724
L1615756.UP.FTS.B,
23.61%,
8/24/26
....
7,451
7,490
L1615616.UP.FTS.B,
23.96%,
8/24/26
....
3,003
2,973
L1616072.UP.FTS.B,
24%,
8/24/26
......
4,581
4,594
L1614191.UP.FTS.B,
24.4%,
8/24/26
....
3,211
937
L1599086.UP.FTS.B,
24.44%,
8/24/26
....
5,933
5,961
L1617370.UP.FTS.B,
24.47%,
8/24/26
....
9,005
645
FW1613731.UP.FTS.B,
24.96%,
8/24/26
..
14,277
14,353
FW1615802.UP.FTS.B,
24.99%,
8/24/26
..
2,487
2,381
L1617884.UP.FTS.B,
24.99%,
8/24/26
....
902
907
FW1616803.UP.FTS.B,
25.11%,
8/24/26
..
3,761
3,781
L1617253.UP.FTS.B,
25.15%,
8/24/26
....
10,533
10,589
FW1591289.UP.FTS.B,
25.18%,
8/24/26
..
2,559
2,572
L1613599.UP.FTS.B,
25.21%,
8/24/26
....
1,882
1,892
L1613633.UP.FTS.B,
25.23%,
8/24/26
....
5,662
5,623
L1616132.UP.FTS.B,
25.25%,
8/24/26
....
903
908
L1614745.UP.FTS.B,
25.32%,
8/24/26
....
5,787
898
L1614834.UP.FTS.B,
25.32%,
8/24/26
....
4,416
4,438
L1614231.UP.FTS.B,
25.4%,
8/24/26
....
1,432
1,439
L1613168.UP.FTS.B,
25.62%,
8/24/26
....
5,623
5,384
FW1616899.UP.FTS.B,
25.66%,
8/24/26
..
1,919
1,916
FW1618114.UP.FTS.B,
25.78%,
8/24/26
..
2,418
2,425
L1615232.UP.FTS.B,
25.93%,
8/24/26
....
3,251
3,268
FW1613979.UP.FTS.B,
26.13%,
8/24/26
..
804
57
FW1614557.UP.FTS.B,
26.33%,
8/24/26
..
9,137
9,167
FW1615022.UP.FTS.B,
26.47%,
8/24/26
..
4,552
4,577
L1617509.UP.FTS.B,
26.53%,
8/24/26
....
4,684
4,482
FW1616218.UP.FTS.B,
26.77%,
8/24/26
..
1,328
1,313
FW1615207.UP.FTS.B,
26.92%,
8/24/26
..
2,092
149
FW1616600.UP.FTS.B,
27.4%,
8/24/26
...
5,640
5,665
FW1617924.UP.FTS.B,
27.4%,
8/24/26
...
6,104
6,136
FW1617995.UP.FTS.B,
27.41%,
8/24/26
..
4,403
4,425
FW1614841.UP.FTS.B,
27.56%,
8/24/26
..
2,215
2,226
FW1611723.UP.FTS.B,
28.21%,
8/24/26
..
6,639
464
FW1613690.UP.FTS.B,
28.43%,
8/24/26
..
3,833
3,853
FW1617241.UP.FTS.B,
28.98%,
8/24/26
..
3,852
3,872
FW1613956.UP.FTS.B,
28.99%,
8/24/26
..
1,693
266
FW1618115.UP.FTS.B,
29.51%,
8/24/26
..
9,413
9,011
FW1614066.UP.FTS.B,
29.58%,
8/24/26
..
4,259
4,277
FW1617403.UP.FTS.B,
29.66%,
8/24/26
..
5,931
5,947
FW1617836.UP.FTS.B,
29.73%,
8/24/26
..
3,095
3,111
FW1614632.UP.FTS.B,
29.76%,
8/24/26
..
1,133
1,134
FW1614078.UP.FTS.B,
30.3%,
8/24/26
...
1,475
1,483
FW1613869.UP.FTS.B,
30.42%,
8/24/26
..
1,010
1,015
FW1614135.UP.FTS.B,
30.54%,
8/24/26
..
11,663
11,725
FW1615250.UP.FTS.B,
30.57%,
8/24/26
..
1,467
1,471
FW1615073.UP.FTS.B,
30.97%,
8/24/26
..
2,339
2,346
FW1612909.UP.FTS.B,
31.01%,
8/24/26
..
952
954
FW1617590.UP.FTS.B,
31.04%,
8/24/26
..
1,949
1,960
FW1616948.UP.FTS.B,
31.18%,
8/24/26
..
5,835
404
FW1614673.UP.FTS.B,
31.31%,
8/24/26
..
911
(3)
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW1617796.UP.FTS.B,
31.5%,
8/24/26
...
$
2,735
$
2,750
FW1614110.UP.FTS.B,
32.03%,
8/24/26
..
3,225
3,235
FW1616102.UP.FTS.B,
32.95%,
8/24/26
..
3,626
3,638
L1621070.UP.FTS.B,
8.8%,
8/25/26
.....
20,019
19,863
L1619126.UP.FTS.B,
9.43%,
8/25/26
....
6,709
6,653
L1618202.UP.FTS.B,
10.07%,
8/25/26
....
3,372
3,349
L1619565.UP.FTS.B,
11.35%,
8/25/26
....
5,520
5,484
L1619757.UP.FTS.B,
12.57%,
8/25/26
....
5,501
5,466
L1617914.UP.FTS.B,
12.61%,
8/25/26
....
3,447
3,421
L1572047.UP.FTS.B,
12.99%,
8/25/26
....
4,347
4,316
L1620282.UP.FTS.B,
13.89%,
8/25/26
....
8,248
8,193
L1620912.UP.FTS.B,
14.91%,
8/25/26
....
3,504
3,482
L1620125.UP.FTS.B,
15.38%,
8/25/26
....
703
700
L1619050.UP.FTS.B,
15.55%,
8/25/26
....
2,889
2,868
FW1619311.UP.FTS.B,
16.02%,
8/25/26
..
4,323
4,297
L1619343.UP.FTS.B,
16.69%,
8/25/26
....
7,806
7,768
L1619826.UP.FTS.B,
16.95%,
8/25/26
....
11,112
11,055
FW1619065.UP.FTS.B,
16.98%,
8/25/26
..
17,791
17,711
L1619610.UP.FTS.B,
17.18%,
8/25/26
....
3,542
3,527
L1620043.UP.FTS.B,
17.72%,
8/25/26
....
2,242
2,228
L1618708.UP.FTS.B,
19.03%,
8/25/26
....
14,682
14,580
FW1618685.UP.FTS.B,
19.7%,
8/25/26
...
7,552
1,994
L1619055.UP.FTS.B,
19.81%,
8/25/26
....
2,179
2,192
FW1618558.UP.FTS.B,
20.33%,
8/25/26
..
4,124
4,093
L1618902.UP.FTS.B,
21.03%,
8/25/26
....
4,079
4,100
L1618616.UP.FTS.B,
21.44%,
8/25/26
....
7,344
7,391
FW1620348.UP.FTS.B,
22.68%,
8/25/26
..
2,793
2,777
FW1619947.UP.FTS.B,
22.69%,
8/25/26
..
1,399
1,386
L1620763.UP.FTS.B,
23.08%,
8/25/26
....
4,009
4,035
L1620526.UP.FTS.B,
23.25%,
8/25/26
....
1,486
1,496
L1619423.UP.FTS.B,
24.53%,
8/25/26
....
2,677
2,684
L1619251.UP.FTS.B,
24.92%,
8/25/26
....
1,653
1,663
L1619746.UP.FTS.B,
25.05%,
8/25/26
....
4,763
4,792
L1621031.UP.FTS.B,
25.07%,
8/25/26
....
4,512
4,542
L1619585.UP.FTS.B,
25.33%,
8/25/26
....
5,499
5,535
L1603724.UP.FTS.B,
25.36%,
8/25/26
....
231
229
L1618792.UP.FTS.B,
25.43%,
8/25/26
....
2,563
2,579
L1619028.UP.FTS.B,
25.43%,
8/25/26
....
5,954
5,994
FW1620759.UP.FTS.B,
25.44%,
8/25/26
..
3,015
3,035
L1621068.UP.FTS.B,
25.46%,
8/25/26
....
3,166
3,187
FW1617532.UP.FTS.B,
25.68%,
8/25/26
..
2,265
2,280
L1620151.UP.FTS.B,
26.66%,
8/25/26
....
11,917
11,969
FW1619681.UP.FTS.B,
27.38%,
8/25/26
..
7,242
7,285
FW1618172.UP.FTS.B,
31.12%,
8/25/26
..
6,788
230
FW1618300.UP.FTS.B,
31.51%,
8/25/26
..
5,058
1,501
L1612935.UP.FTS.B,
25.45%,
9/01/26
....
1,312
1,316
L1705668.UP.FTS.B,
7.09%,
9/13/26
....
36,049
4,818
L1706439.UP.FTS.B,
8.12%,
9/13/26
....
6,449
6,387
L1699091.UP.FTS.B,
8.91%,
9/13/26
....
37,240
2,364
L1706771.UP.FTS.B,
9.86%,
9/13/26
....
12,394
12,282
FW1703655.UP.FTS.B,
10.14%,
9/13/26
..
3,105
3,077
FW1705224.UP.FTS.B,
10.49%,
9/13/26
..
17,299
17,142
L1694396.UP.FTS.B,
11.41%,
9/13/26
....
7,001
6,932
L1706158.UP.FTS.B,
11.42%,
9/13/26
....
2,788
2,763
L1699795.UP.FTS.B,
11.82%,
9/13/26
....
6,292
6,235
L1706436.UP.FTS.B,
12.13%,
9/13/26
....
2,713
250
L1706444.UP.FTS.B,
12.27%,
9/13/26
....
4,209
4,171
L1704834.UP.FTS.B,
12.73%,
9/13/26
....
6,340
6,277
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
259
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW1704921.UP.FTS.B,
13.23%,
9/13/26
..
$
1,296
$
1,283
L1706652.UP.FTS.B,
13.34%,
9/13/26
....
15,173
15,031
L1705580.UP.FTS.B,
14.66%,
9/13/26
....
13,209
13,092
L1706707.UP.FTS.B,
14.84%,
9/13/26
....
14,296
14,169
L1705884.UP.FTS.B,
14.95%,
9/13/26
....
6,572
3,663
L1706806.UP.FTS.B,
15.22%,
9/13/26
....
5,592
5,542
L1705731.UP.FTS.B,
15.3%,
9/13/26
....
11,557
11,439
L1704776.UP.FTS.B,
15.5%,
9/13/26
....
5,028
4,984
FW1705595.UP.FTS.B,
15.51%,
9/13/26
..
10,743
10,647
FW1701565.UP.FTS.B,
15.8%,
9/13/26
...
17,186
16,987
L1706683.UP.FTS.B,
16.01%,
9/13/26
....
1,730
1,715
L1705287.UP.FTS.B,
16.2%,
9/13/26
....
8,301
8,228
L1705607.UP.FTS.B,
16.78%,
9/13/26
....
21,742
21,550
FW1707042.UP.FTS.B,
16.94%,
9/13/26
..
9,593
9,494
L1705598.UP.FTS.B,
17.01%,
9/13/26
....
2,105
2,087
FW1706882.UP.FTS.B,
17.33%,
9/13/26
..
3,363
3,328
L1699552.UP.FTS.B,
17.37%,
9/13/26
....
3,056
3,028
L1706066.UP.FTS.B,
18.08%,
9/13/26
....
4,656
4,593
L1705021.UP.FTS.B,
18.29%,
9/13/26
....
5,898
5,832
FW1701942.UP.FTS.B,
19.32%,
9/13/26
..
11,069
10,965
L1705225.UP.FTS.B,
19.41%,
9/13/26
....
3,388
3,348
L1705864.UP.FTS.B,
19.54%,
9/13/26
....
23,003
22,964
L1704972.UP.FTS.B,
19.67%,
9/13/26
....
35,707
1,084
FW1703178.UP.FTS.B,
19.77%,
9/13/26
..
5,294
383
L1705415.UP.FTS.B,
19.86%,
9/13/26
....
6,929
6,861
L1699219.UP.FTS.B,
19.88%,
9/13/26
....
10,372
10,352
L1706913.UP.FTS.B,
20.18%,
9/13/26
....
5,459
5,459
L1705062.UP.FTS.B,
20.27%,
9/13/26
....
1,485
1,485
L1705666.UP.FTS.B,
20.28%,
9/13/26
....
1,622
1,600
L1705855.UP.FTS.B,
20.56%,
9/13/26
....
5,332
3,052
L1706223.UP.FTS.B,
20.97%,
9/13/26
....
11,656
6,871
L1706832.UP.FTS.B,
21.04%,
9/13/26
....
4,415
4,413
L1706003.UP.FTS.B,
21.07%,
9/13/26
....
5,222
5,173
L1706013.UP.FTS.B,
21.25%,
9/13/26
....
6,721
6,657
FW1705757.UP.FTS.B,
21.7%,
9/13/26
...
2,696
2,697
L1706836.UP.FTS.B,
21.71%,
9/13/26
....
4,869
4,813
FW1706388.UP.FTS.B,
21.83%,
9/13/26
..
4,498
4,499
L1706178.UP.FTS.B,
22.1%,
9/13/26
....
2,628
2,629
L1706147.UP.FTS.B,
23.21%,
9/13/26
....
3,785
3,777
L1706970.UP.FTS.B,
23.23%,
9/13/26
....
1,513
1,513
L1706347.UP.FTS.B,
23.37%,
9/13/26
....
6,604
6,597
L1706443.UP.FTS.B,
23.44%,
9/13/26
....
2,289
2,285
L1706495.UP.FTS.B,
23.71%,
9/13/26
....
6,867
6,856
L1706931.UP.FTS.B,
24.04%,
9/13/26
....
912
912
L1706350.UP.FTS.B,
24.39%,
9/13/26
....
15,248
15,252
L1706467.UP.FTS.B,
24.5%,
9/13/26
....
971
543
L1705774.UP.FTS.B,
24.52%,
9/13/26
....
6,163
6,155
L1699725.UP.FTS.B,
24.98%,
9/13/26
....
1,562
921
L1705130.UP.FTS.B,
24.98%,
9/13/26
....
2,293
2,294
L1705055.UP.FTS.B,
24.99%,
9/13/26
....
1,456
1,454
FW1694399.UP.FTS.B,
25.04%,
9/13/26
..
2,295
2,295
L1704899.UP.FTS.B,
25.19%,
9/13/26
....
5,134
7
L1706179.UP.FTS.B,
25.28%,
9/13/26
....
995
986
L1705964.UP.FTS.B,
25.31%,
9/13/26
....
3,891
3,890
L1671620.UP.FTS.B,
25.49%,
9/13/26
....
2,391
2,385
L1707003.UP.FTS.B,
25.5%,
9/13/26
....
1,303
1,304
FW1705410.UP.FTS.B,
26.37%,
9/13/26
..
14,820
14,798
FW1705619.UP.FTS.B,
26.39%,
9/13/26
..
1,927
1,927
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L1706658.UP.FTS.B,
26.61%,
9/13/26
....
$
5,458
$
5,453
L1704906.UP.FTS.B,
26.62%,
9/13/26
....
6,075
886
L1706122.UP.FTS.B,
26.74%,
9/13/26
....
6,488
6,489
FW1706840.UP.FTS.B,
26.82%,
9/13/26
..
27,877
27,823
FW1705300.UP.FTS.B,
26.94%,
9/13/26
..
1,701
1,701
FW1704992.UP.FTS.B,
27.2%,
9/13/26
...
1,600
458
FW1706600.UP.FTS.B,
28.17%,
9/13/26
..
6,229
6,230
FW1704833.UP.FTS.B,
28.32%,
9/13/26
..
1,445
851
FW1705464.UP.FTS.B,
28.92%,
9/13/26
..
5,866
5,866
FW1705970.UP.FTS.B,
29.06%,
9/13/26
..
3,064
3,054
FW1704923.UP.FTS.B,
29.37%,
9/13/26
..
2,013
2,005
FW1706656.UP.FTS.B,
29.5%,
9/13/26
...
1,605
947
FW1706055.UP.FTS.B,
29.52%,
9/13/26
..
1,389
1,388
FW1704840.UP.FTS.B,
30.21%,
9/13/26
..
2,408
2,400
FW1706229.UP.FTS.B,
30.24%,
9/13/26
..
3,534
3,534
FW1705888.UP.FTS.B,
30.31%,
9/13/26
..
2,352
2,352
FW1706453.UP.FTS.B,
30.32%,
9/13/26
..
696
692
FW1705791.UP.FTS.B,
30.47%,
9/13/26
..
3,930
3,929
FW1705881.UP.FTS.B,
30.81%,
9/13/26
..
3,955
3,956
FW1705876.UP.FTS.B,
30.83%,
9/13/26
..
1,344
1,344
FW1706907.UP.FTS.B,
30.87%,
9/13/26
..
1,423
1,423
FW1706713.UP.FTS.B,
30.93%,
9/13/26
..
4,589
4,590
FW1706040.UP.FTS.B,
30.94%,
9/13/26
..
4,802
2,833
FW1706308.UP.FTS.B,
31.09%,
9/13/26
..
5,803
5,796
FW1704990.UP.FTS.B,
31.11%,
9/13/26
..
1,035
1,032
FW1706597.UP.FTS.B,
31.11%,
9/13/26
..
1,504
1,504
FW1706293.UP.FTS.B,
31.37%,
9/13/26
..
1,843
1,837
FW1703542.UP.FTS.B,
31.45%,
9/13/26
..
19,816
11,726
FW1706244.UP.FTS.B,
31.81%,
9/13/26
..
968
572
FW1706582.UP.FTS.B,
31.84%,
9/13/26
..
2,234
646
FW1705307.UP.FTS.B,
31.85%,
9/13/26
..
4,666
1,354
FW1704764.UP.FTS.B,
32.03%,
9/13/26
..
2,436
2,428
FW1706420.UP.FTS.B,
32.09%,
9/13/26
..
3,898
3,898
FW1705262.UP.FTS.B,
32.4%,
9/13/26
...
5,610
84
FW1705022.UP.FTS.B,
32.46%,
9/13/26
..
6,164
6,145
FW1705847.UP.FTS.B,
32.5%,
9/13/26
...
1,779
1,762
L1706793.UP.FTS.B,
12.07%,
9/28/26
....
9,837
9,749
L1702725.UP.FTS.B,
22.11%,
9/28/26
....
2,006
295
FW1705213.UP.FTS.B,
29.91%,
9/28/26
..
4,775
4,778
L1880089.UP.FTS.B,
6%,
10/19/26
......
5,676
5,701
L1877184.UP.FTS.B,
9.06%,
10/19/26
....
6,345
6,289
L1851771.UP.FTS.B,
9.22%,
10/19/26
....
2,452
2,431
L1878256.UP.FTS.B,
9.69%,
10/19/26
....
6,758
6,695
L1880702.UP.FTS.B,
9.87%,
10/19/26
....
12,252
12,146
L1875318.UP.FTS.B,
10.07%,
10/19/26
...
4,212
4,175
FW1879016.UP.FTS.B,
10.84%,
10/19/26
.
17,731
17,579
L1881256.UP.FTS.B,
11.03%,
10/19/26
...
8,449
8,375
L1878336.UP.FTS.B,
11.06%,
10/19/26
...
1,221
1,206
L1879834.UP.FTS.B,
11.35%,
10/19/26
...
17,714
17,561
L1879823.UP.FTS.B,
11.68%,
10/19/26
...
14,632
14,493
L1880360.UP.FTS.B,
12.99%,
10/19/26
...
21,610
21,427
FW1879031.UP.FTS.B,
13.13%,
10/19/26
.
5,152
4,842
FW1878185.UP.FTS.B,
13.38%,
10/19/26
.
28,895
28,651
L1879789.UP.FTS.B,
13.49%,
10/19/26
...
15,896
15,735
L1881217.UP.FTS.B,
14.02%,
10/19/26
...
3,873
3,826
L1878258.UP.FTS.B,
14.16%,
10/19/26
...
5,817
5,763
L1877450.UP.FTS.B,
14.9%,
10/19/26
....
2,797
2,772
L1879966.UP.FTS.B,
14.94%,
10/19/26
...
7,303
7,243
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
260
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L1879160.UP.FTS.B,
15.75%,
10/19/26
...
$
5,606
$
304
L1880586.UP.FTS.B,
15.78%,
10/19/26
...
5,512
5,458
L1877560.UP.FTS.B,
16.13%,
10/19/26
...
30,266
2,199
L1864741.UP.FTS.B,
16.15%,
10/19/26
...
4,418
4,382
L1881295.UP.FTS.B,
16.28%,
10/19/26
...
5,159
5,117
L1878278.UP.FTS.B,
16.38%,
10/19/26
...
7,374
7,314
L1877933.UP.FTS.B,
16.4%,
10/19/26
....
2,167
2,148
L1832966.UP.FTS.B,
16.66%,
10/19/26
...
14,626
14,502
L1860514.UP.FTS.B,
16.68%,
10/19/26
...
8,139
7,669
L1878027.UP.FTS.B,
16.7%,
10/19/26
....
7,306
7,243
L1881555.UP.FTS.B,
17.31%,
10/19/26
...
4,928
4,644
FW1876338.UP.FTS.B,
17.58%,
10/19/26
.
2,676
2,654
FW1881188.UP.FTS.B,
17.77%,
10/19/26
.
2,033
2,013
L1879412.UP.FTS.B,
17.84%,
10/19/26
...
3,957
3,913
L1880095.UP.FTS.B,
17.84%,
10/19/26
...
11,169
11,076
L1880587.UP.FTS.B,
18.12%,
10/19/26
...
2,984
2,959
L1876765.UP.FTS.B,
18.15%,
10/19/26
...
1,823
1,807
L1871080.UP.FTS.B,
18.23%,
10/19/26
...
4,488
4,440
FW1881398.UP.FTS.B,
18.35%,
10/19/26
.
2,621
2,596
L1880031.UP.FTS.B,
18.37%,
10/19/26
...
4,793
705
L1876524.UP.FTS.B,
18.4%,
10/19/26
....
4,188
3,946
FW1877226.UP.FTS.B,
19.27%,
10/19/26
.
9,661
9,669
L1879198.UP.FTS.B,
19.39%,
10/19/26
...
9,814
9,718
L1876835.UP.FTS.B,
19.58%,
10/19/26
...
753
746
L1879248.UP.FTS.B,
19.71%,
10/19/26
...
4,691
4,418
L1879737.UP.FTS.B,
19.73%,
10/19/26
...
4,071
4,035
L1877523.UP.FTS.B,
19.9%,
10/19/26
....
4,438
4,398
L1871750.UP.FTS.B,
19.96%,
10/19/26
...
4,525
4,531
L1874758.UP.FTS.B,
20.02%,
10/19/26
...
1,700
122
FW1880709.UP.FTS.B,
20.07%,
10/19/26
.
5,288
5,244
L1876035.UP.FTS.B,
20.11%,
10/19/26
...
3,022
3,026
L1877722.UP.FTS.B,
20.57%,
10/19/26
...
12,563
11,831
FW1880186.UP.FTS.B,
20.64%,
10/19/26
.
4,246
4,251
L1879731.UP.FTS.B,
20.78%,
10/19/26
...
3,794
3,761
FW1877068.UP.FTS.B,
20.9%,
10/19/26
..
9,803
9,812
FW1878875.UP.FTS.B,
20.95%,
10/19/26
.
3,885
280
L1881502.UP.FTS.B,
21.09%,
10/19/26
...
6,310
1,811
L1877922.UP.FTS.B,
21.18%,
10/19/26
...
3,364
244
L1876777.UP.FTS.B,
21.6%,
10/19/26
....
6,501
6,503
L1881182.UP.FTS.B,
21.66%,
10/19/26
...
4,179
4,144
L1881025.UP.FTS.B,
21.78%,
10/19/26
...
30,081
29,798
L1877982.UP.FTS.B,
21.8%,
10/19/26
....
2,175
617
L1876819.UP.FTS.B,
22.33%,
10/19/26
...
13,061
13,047
FW1878006.UP.FTS.B,
22.44%,
10/19/26
.
9,197
9,209
L1876562.UP.FTS.B,
22.64%,
10/19/26
...
3,137
3,093
L1862143.UP.FTS.B,
22.66%,
10/19/26
...
2,577
2,578
FW1875013.UP.FTS.B,
22.78%,
10/19/26
.
6,912
6,920
L1877299.UP.FTS.B,
22.84%,
10/19/26
...
9,219
9,231
FW1866351.UP.FTS.B,
22.85%,
10/19/26
.
1,921
1,923
FW1879854.UP.FTS.B,
22.85%,
10/19/26
.
7,989
7,999
FW1880160.UP.FTS.B,
22.89%,
10/19/26
.
3,990
3,986
L1880353.UP.FTS.B,
22.93%,
10/19/26
...
2,896
440
L1876513.UP.FTS.B,
22.94%,
10/19/26
...
3,368
3,371
FW1880551.UP.FTS.B,
23.22%,
10/19/26
.
4,969
4,974
L1879610.UP.FTS.B,
23.28%,
10/19/26
...
5,541
5,281
FW1880088.UP.FTS.B,
23.43%,
10/19/26
.
7,093
7,102
FW1876728.UP.FTS.B,
23.57%,
10/19/26
.
11,318
11,317
L1880716.UP.FTS.B,
23.94%,
10/19/26
...
4,253
4,258
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L1880563.UP.FTS.B,
24.05%,
10/19/26
...
$
2,150
$
2,152
FW1877179.UP.FTS.B,
24.14%,
10/19/26
.
15,362
15,373
L1876901.UP.FTS.B,
24.3%,
10/19/26
....
4,356
4,154
L1879183.UP.FTS.B,
24.36%,
10/19/26
...
10,078
10,091
L1877178.UP.FTS.B,
24.58%,
10/19/26
...
4,734
4,740
L1878749.UP.FTS.B,
24.6%,
10/19/26
....
3,109
3,107
L1881431.UP.FTS.B,
24.79%,
10/19/26
...
1,243
1,245
L1877594.UP.FTS.B,
24.95%,
10/19/26
...
2,723
2,726
L1880129.UP.FTS.B,
24.99%,
10/19/26
...
2,721
782
L1877167.UP.FTS.B,
25.04%,
10/19/26
...
4,553
67
L1877074.UP.FTS.B,
25.09%,
10/19/26
...
24,447
23,288
L1880227.UP.FTS.B,
25.15%,
10/19/26
...
58
57
L1880423.UP.FTS.B,
25.24%,
10/19/26
...
5,504
5,502
L1878824.UP.FTS.B,
25.27%,
10/19/26
...
3,482
3,482
FW1881461.UP.FTS.B,
25.38%,
10/19/26
.
4,678
4,684
L1876477.UP.FTS.B,
25.39%,
10/19/26
...
2,729
2,733
L1876700.UP.FTS.B,
25.46%,
10/19/26
...
1,495
1,478
L1876404.UP.FTS.B,
25.47%,
10/19/26
...
1,560
1,562
L1878742.UP.FTS.B,
25.52%,
10/19/26
...
3,902
3,907
L1873948.UP.FTS.B,
25.57%,
10/19/26
...
7,806
7,816
L1880045.UP.FTS.B,
25.59%,
10/19/26
...
1,792
1,791
L1880707.UP.FTS.B,
25.7%,
10/19/26
....
1,775
1,770
FW1879167.UP.FTS.B,
25.8%,
10/19/26
..
786
786
L1879783.UP.FTS.B,
25.86%,
10/19/26
...
2,581
2,584
L1878517.UP.FTS.B,
25.91%,
10/19/26
...
7,664
7,674
FW1878125.UP.FTS.B,
25.92%,
10/19/26
.
1,882
135
L1878925.UP.FTS.B,
26.03%,
10/19/26
...
6,390
6,388
L1876834.UP.FTS.B,
26.05%,
10/19/26
...
12,458
12,447
FW1877802.UP.FTS.B,
26.08%,
10/19/26
.
5,896
5,892
L1877874.UP.FTS.B,
26.52%,
10/19/26
...
3,532
3,536
FW1877751.UP.FTS.B,
26.95%,
10/19/26
.
3,133
3,136
FW1876658.UP.FTS.B,
27.58%,
10/19/26
.
2,763
2,766
FW1878828.UP.FTS.B,
27.6%,
10/19/26
..
8,191
7,800
FW1862190.UP.FTS.B,
27.8%,
10/19/26
..
15,411
15,430
FW1877173.UP.FTS.B,
27.96%,
10/19/26
.
8,115
7,736
FW1878010.UP.FTS.B,
28.01%,
10/19/26
.
8,156
2,370
FW1877218.UP.FTS.B,
28.56%,
10/19/26
.
7,944
7,937
FW1876795.UP.FTS.B,
29.56%,
10/19/26
.
2,553
2,556
FW1880308.UP.FTS.B,
29.56%,
10/19/26
.
1,030
1,031
FW1878356.UP.FTS.B,
29.67%,
10/19/26
.
3,081
2,936
FW1881190.UP.FTS.B,
29.8%,
10/19/26
..
1,231
1,174
FW1876731.UP.FTS.B,
30.12%,
10/19/26
.
2,288
2,222
FW1879914.UP.FTS.B,
30.16%,
10/19/26
.
1,465
1,464
FW1871822.UP.FTS.B,
30.64%,
10/19/26
.
8,002
8,010
FW1878098.UP.FTS.B,
30.84%,
10/19/26
.
964
965
FW1878626.UP.FTS.B,
30.84%,
10/19/26
.
4,351
659
FW1878489.UP.FTS.B,
30.93%,
10/19/26
.
1,245
1,185
FW1878108.UP.FTS.B,
31%,
10/19/26
...
2,415
2,413
FW1878804.UP.FTS.B,
31.02%,
10/19/26
.
2,384
2,385
FW1880218.UP.FTS.B,
31.05%,
10/19/26
.
1,823
1,815
FW1880229.UP.FTS.B,
31.05%,
10/19/26
.
1,126
1,127
FW1881168.UP.FTS.B,
31.09%,
10/19/26
.
1,610
1,609
FW1881200.UP.FTS.B,
31.14%,
10/19/26
.
3,220
3,070
FW1880325.UP.FTS.B,
31.15%,
10/19/26
.
1,225
1,167
FW1877253.UP.FTS.B,
31.23%,
10/19/26
.
460
32
FW1876515.UP.FTS.B,
31.37%,
10/19/26
.
2,765
192
FW1878691.UP.FTS.B,
31.38%,
10/19/26
.
11,604
11,601
FW1876497.UP.FTS.B,
31.41%,
10/19/26
.
2,738
2,741
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
261
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW1880576.UP.FTS.B,
31.56%,
10/19/26
.
$
2,350
$
2,349
FW1877716.UP.FTS.B,
31.6%,
10/19/26
..
3,225
3,229
FW1876495.UP.FTS.B,
31.7%,
10/19/26
..
5,162
5,168
FW1876692.UP.FTS.B,
32.21%,
10/19/26
.
7,521
7,529
FW1879021.UP.FTS.B,
32.25%,
10/19/26
.
5,041
4,802
FW1876979.UP.FTS.B,
30.26%,
10/23/26
.
2,410
2,413
L1879612.UP.FTS.B,
25.74%,
10/28/26
...
7,196
7,204
L1879363.UP.FTS.B,
23.97%,
11/03/26
...
5,506
5,502
L1990756.UP.FTS.B,
7.18%,
11/08/26
....
8,463
8,381
L1990115.UP.FTS.B,
8.12%,
11/08/26
....
3,551
3,516
L1995369.UP.FTS.B,
8.19%,
11/08/26
....
5,684
5,629
L1999933.UP.FTS.B,
8.2%,
11/08/26
.....
17,108
16,939
L1991806.UP.FTS.B,
8.35%,
11/08/26
....
1,477
1,461
FW1995576.UP.FTS.B,
8.64%,
11/08/26
..
11,455
11,342
L1994718.UP.FTS.B,
8.83%,
11/08/26
....
13,565
13,434
L1991230.UP.FTS.B,
9.13%,
11/08/26
....
18,272
18,096
L1996991.UP.FTS.B,
9.23%,
11/08/26
....
19,880
19,688
L1988974.UP.FTS.B,
9.55%,
11/08/26
....
6,942
6,874
L1994652.UP.FTS.B,
9.68%,
11/08/26
....
12,928
12,804
L1994371.UP.FTS.B,
9.71%,
11/08/26
....
4,796
351
L1993451.UP.FTS.B,
9.84%,
11/08/26
....
8,979
8,893
L1997701.UP.FTS.B,
10.05%,
11/08/26
...
2,878
2,850
L1993369.UP.FTS.B,
10.08%,
11/08/26
...
720
713
L1998549.UP.FTS.B,
10.13%,
11/08/26
...
4,454
325
L1992632.UP.FTS.B,
10.14%,
11/08/26
...
3,891
3,851
L1996044.UP.FTS.B,
10.24%,
11/08/26
...
12,844
12,692
L1996355.UP.FTS.B,
10.29%,
11/08/26
...
9,377
9,280
L1992891.UP.FTS.B,
10.76%,
11/08/26
...
5,803
5,738
FW1995006.UP.FTS.B,
10.93%,
11/08/26
.
9,419
9,322
L1988958.UP.FTS.B,
10.98%,
11/08/26
...
1,087
1,076
L1991593.UP.FTS.B,
11.07%,
11/08/26
...
36,392
35,986
L1994793.UP.FTS.B,
11.1%,
11/08/26
....
10,882
10,770
FW1989633.UP.FTS.B,
11.19%,
11/08/26
.
4,328
4,283
L1991421.UP.FTS.B,
11.28%,
11/08/26
...
1,628
119
L1998866.UP.FTS.B,
11.49%,
11/08/26
...
12,359
12,232
L1993850.UP.FTS.B,
11.61%,
11/08/26
...
8,008
7,926
L1996448.UP.FTS.B,
11.66%,
11/08/26
...
29,129
28,830
FW1993483.UP.FTS.B,
11.78%,
11/08/26
.
14,215
14,063
L1994627.UP.FTS.B,
11.81%,
11/08/26
...
4,374
4,332
L1999369.UP.FTS.B,
11.96%,
11/08/26
...
1,460
1,445
L2000077.UP.FTS.B,
12.06%,
11/08/26
...
10,953
10,841
L1995371.UP.FTS.B,
12.23%,
11/08/26
...
2,924
2,894
L1995435.UP.FTS.B,
12.23%,
11/08/26
...
1,243
1,230
L1999575.UP.FTS.B,
12.84%,
11/08/26
...
808
799
L1989008.UP.FTS.B,
12.93%,
11/08/26
...
1,249
1,236
L1989940.UP.FTS.B,
12.93%,
11/08/26
...
2,057
2,036
L1988972.UP.FTS.B,
13.14%,
11/08/26
...
1,500
1,479
L1988372.UP.FTS.B,
13.34%,
11/08/26
...
4,153
4,107
L1996493.UP.FTS.B,
13.68%,
11/08/26
...
15,180
8,104
L1988558.UP.FTS.B,
14.04%,
11/08/26
...
1,175
298
L1995820.UP.FTS.B,
14.08%,
11/08/26
...
6,664
6,592
L1993366.UP.FTS.B,
14.1%,
11/08/26
....
1,481
1,466
L1994789.UP.FTS.B,
14.19%,
11/08/26
...
5,186
5,133
L1996580.UP.FTS.B,
14.28%,
11/08/26
...
6,299
6,235
FW1997293.UP.FTS.B,
14.33%,
11/08/26
.
3,707
3,669
L1995404.UP.FTS.B,
14.33%,
11/08/26
...
5,931
5,864
L1988359.UP.FTS.B,
14.56%,
11/08/26
...
3,995
248
FW1992670.UP.FTS.B,
14.58%,
11/08/26
.
23,767
23,526
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L1993869.UP.FTS.B,
14.59%,
11/08/26
...
$
5,138
$
5,073
L1993214.UP.FTS.B,
14.6%,
11/08/26
....
7,428
7,353
FW1997612.UP.FTS.B,
14.81%,
11/08/26
.
3,266
3,231
L1991804.UP.FTS.B,
14.89%,
11/08/26
...
5,955
5,895
L1995379.UP.FTS.B,
15.15%,
11/08/26
...
5,218
5,165
FW1998913.UP.FTS.B,
15.22%,
11/08/26
.
3,385
3,343
FW1991878.UP.FTS.B,
15.23%,
11/08/26
.
3,697
3,659
L1994098.UP.FTS.B,
15.34%,
11/08/26
...
11,194
11,081
L1992261.UP.FTS.B,
15.59%,
11/08/26
...
2,093
2,072
L1989271.UP.FTS.B,
15.62%,
11/08/26
...
8,972
8,882
L1997630.UP.FTS.B,
15.64%,
11/08/26
...
4,227
2,251
L1992471.UP.FTS.B,
15.65%,
11/08/26
...
18,778
18,573
FW1998360.UP.FTS.B,
15.76%,
11/08/26
.
5,971
5,903
FW1991255.UP.FTS.B,
15.82%,
11/08/26
.
8,610
8,523
FW1994230.UP.FTS.B,
15.86%,
11/08/26
.
2,996
2,962
L1992540.UP.FTS.B,
16%,
11/08/26
.....
12,676
12,546
L1992970.UP.FTS.B,
16.04%,
11/08/26
...
11,187
11,058
L1989989.UP.FTS.B,
16.18%,
11/08/26
...
8,041
7,938
L1992622.UP.FTS.B,
16.26%,
11/08/26
...
4,398
4,343
L1988932.UP.FTS.B,
16.37%,
11/08/26
...
2,991
2,957
L1993244.UP.FTS.B,
16.45%,
11/08/26
...
4,846
193
FW1992743.UP.FTS.B,
16.8%,
11/08/26
..
3,014
2,980
L1989606.UP.FTS.B,
16.9%,
11/08/26
....
3,015
2,981
L1993463.UP.FTS.B,
16.94%,
11/08/26
...
7,163
7,081
L1989805.UP.FTS.B,
17.05%,
11/08/26
...
11,364
11,220
L1997469.UP.FTS.B,
17.09%,
11/08/26
...
6,943
6,855
L1998067.UP.FTS.B,
17.15%,
11/08/26
...
32,990
32,595
FW1999118.UP.FTS.B,
17.22%,
11/08/26
.
4,532
4,481
L1993764.UP.FTS.B,
17.26%,
11/08/26
...
1,133
1,122
FW1998398.UP.FTS.B,
17.48%,
11/08/26
.
3,779
3,736
L1991180.UP.FTS.B,
17.58%,
11/08/26
...
2,666
2,632
FW1995939.UP.FTS.B,
17.87%,
11/08/26
.
12,215
12,062
L1995433.UP.FTS.B,
17.92%,
11/08/26
...
3,035
2,996
L1995974.UP.FTS.B,
18.08%,
11/08/26
...
7,170
7,087
L1988482.UP.FTS.B,
18.26%,
11/08/26
...
5,930
5,855
FW1989355.UP.FTS.B,
18.43%,
11/08/26
.
14,463
14,300
L1996438.UP.FTS.B,
18.51%,
11/08/26
...
4,053
3,996
FW1997639.UP.FTS.B,
18.71%,
11/08/26
.
7,644
7,562
L1992806.UP.FTS.B,
18.72%,
11/08/26
...
11,435
11,305
L1990465.UP.FTS.B,
18.74%,
11/08/26
...
4,575
4,523
L1995842.UP.FTS.B,
18.87%,
11/08/26
...
2,670
2,644
FW1999686.UP.FTS.B,
18.97%,
11/08/26
.
12,980
12,834
L1997527.UP.FTS.B,
19%,
11/08/26
.....
8,400
8,294
L1995168.UP.FTS.B,
19.1%,
11/08/26
....
7,641
7,554
L1998235.UP.FTS.B,
19.5%,
11/08/26
....
2,325
2,293
L1996217.UP.FTS.B,
19.54%,
11/08/26
...
3,501
3,456
FW1993731.UP.FTS.B,
19.61%,
11/08/26
.
1,918
1,890
L1990151.UP.FTS.B,
19.66%,
11/08/26
...
23,109
22,779
FW1990125.UP.FTS.B,
20.11%,
11/08/26
.
6,612
6,523
FW1992267.UP.FTS.B,
20.22%,
11/08/26
.
38,459
38,331
FW1994680.UP.FTS.B,
20.27%,
11/08/26
.
2,228
2,197
L1991181.UP.FTS.B,
20.28%,
11/08/26
...
8,298
8,256
L1992552.UP.FTS.B,
20.32%,
11/08/26
...
13,420
13,248
L1998611.UP.FTS.B,
20.35%,
11/08/26
...
18,999
18,752
L1996185.UP.FTS.B,
20.69%,
11/08/26
...
3,857
3,813
L1996508.UP.FTS.B,
20.76%,
11/08/26
...
7,705
7,618
L1988462.UP.FTS.B,
20.81%,
11/08/26
...
4,931
4,873
L1991281.UP.FTS.B,
20.82%,
11/08/26
...
1,698
1,677
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
262
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L1997930.UP.FTS.B,
20.97%,
11/08/26
...
$
3,400
$
3,357
L1992016.UP.FTS.B,
21%,
11/08/26
.....
24,715
24,632
L1994689.UP.FTS.B,
21.04%,
11/08/26
...
3,106
3,061
L1993906.UP.FTS.B,
21.28%,
11/08/26
...
4,257
4,243
L1989334.UP.FTS.B,
21.32%,
11/08/26
...
15,483
15,431
L1991956.UP.FTS.B,
21.37%,
11/08/26
...
1,549
1,532
L1999276.UP.FTS.B,
21.67%,
11/08/26
...
776
766
FW1991047.UP.FTS.B,
21.84%,
11/08/26
.
2,719
2,710
L1989095.UP.FTS.B,
21.91%,
11/08/26
...
7,061
6,962
L1991663.UP.FTS.B,
21.95%,
11/08/26
...
8,019
7,989
L1995141.UP.FTS.B,
22.04%,
11/08/26
...
23,653
23,544
L1996051.UP.FTS.B,
22.14%,
11/08/26
...
6,201
3,439
FW1989899.UP.FTS.B,
22.28%,
11/08/26
.
2,166
2,158
L1991475.UP.FTS.B,
22.35%,
11/08/26
...
1,557
1,552
FW1998543.UP.FTS.B,
22.52%,
11/08/26
.
11,381
11,343
FW1998089.UP.FTS.B,
22.65%,
11/08/26
.
7,021
6,932
L1994202.UP.FTS.B,
22.77%,
11/08/26
...
41,417
11,461
L1989194.UP.FTS.B,
22.95%,
11/08/26
...
3,361
3,330
FW1995331.UP.FTS.B,
23.11%,
11/08/26
.
5,866
5,846
FW1994811.UP.FTS.B,
23.15%,
11/08/26
.
8,166
8,061
L1996768.UP.FTS.B,
23.2%,
11/08/26
....
7,777
7,748
L1998723.UP.FTS.B,
23.2%,
11/08/26
....
2,347
2,340
L1999817.UP.FTS.B,
23.27%,
11/08/26
...
4,697
4,681
FW1997494.UP.FTS.B,
23.73%,
11/08/26
.
12,451
12,403
FW1998286.UP.FTS.B,
23.78%,
11/08/26
.
10,686
10,520
L1997541.UP.FTS.B,
23.86%,
11/08/26
...
5,890
5,824
L1970963.UP.FTS.B,
23.87%,
11/08/26
...
4,225
4,210
L1989785.UP.FTS.B,
23.91%,
11/08/26
...
10,525
10,470
FW1995090.UP.FTS.B,
23.92%,
11/08/26
.
3,928
3,915
L1988349.UP.FTS.B,
24.02%,
11/08/26
...
2,673
2,664
L1996843.UP.FTS.B,
24.19%,
11/08/26
...
7,868
7,842
FW1994028.UP.FTS.B,
24.21%,
11/08/26
.
5,508
5,490
L1995969.UP.FTS.B,
24.32%,
11/08/26
...
2,847
809
L1997965.UP.FTS.B,
24.59%,
11/08/26
...
5,710
5,680
FW1991474.UP.FTS.B,
24.66%,
11/08/26
.
4,733
4,717
L1989848.UP.FTS.B,
24.75%,
11/08/26
...
6,178
6,145
FW1991387.UP.FTS.B,
24.97%,
11/08/26
.
3,342
3,325
L1991759.UP.FTS.B,
24.98%,
11/08/26
...
4,015
2,365
L1991265.UP.FTS.B,
25.27%,
11/08/26
...
2,161
2,151
L1919784.UP.FTS.B,
25.31%,
11/08/26
...
8,866
8,836
L1996800.UP.FTS.B,
25.32%,
11/08/26
...
19,006
18,743
L1995398.UP.FTS.B,
25.36%,
11/08/26
...
2,059
2,052
L1988232.UP.FTS.B,
25.43%,
11/08/26
...
2,023
1,990
L1973901.UP.FTS.B,
25.44%,
11/08/26
...
6,095
6,074
L1992549.UP.FTS.B,
25.44%,
11/08/26
...
8,237
4,848
L1994841.UP.FTS.B,
25.44%,
11/08/26
...
26,614
26,481
L1989064.UP.FTS.B,
25.45%,
11/08/26
...
1,954
1,943
L1967532.UP.FTS.B,
25.5%,
11/08/26
....
3,403
3,392
FW1994341.UP.FTS.B,
25.59%,
11/08/26
.
9,514
9,482
L1998016.UP.FTS.B,
25.76%,
11/08/26
...
4,403
4,381
L1991151.UP.FTS.B,
25.79%,
11/08/26
...
1,633
462
L1991330.UP.FTS.B,
25.89%,
11/08/26
...
6,050
3,546
L1996816.UP.FTS.B,
26.05%,
11/08/26
...
12,477
12,435
L1995984.UP.FTS.B,
26.08%,
11/08/26
...
1,829
1,823
L1992732.UP.FTS.B,
26.2%,
11/08/26
....
3,579
3,567
L1989312.UP.FTS.B,
26.43%,
11/08/26
...
3,026
3,016
FW1998563.UP.FTS.B,
26.46%,
11/08/26
.
1,977
1,970
FW1995329.UP.FTS.B,
26.52%,
11/08/26
.
5,577
5,558
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW1994300.UP.FTS.B,
26.6%,
11/08/26
..
$
9,938
$
2,820
FW1990464.UP.FTS.B,
26.65%,
11/08/26
.
5,250
98
FW1998048.UP.FTS.B,
26.92%,
11/08/26
.
1,996
1,989
L1990551.UP.FTS.B,
26.95%,
11/08/26
...
9,602
9,565
FW1997243.UP.FTS.B,
26.96%,
11/08/26
.
3,822
3,801
FW1990199.UP.FTS.B,
27.43%,
11/08/26
.
11,969
11,927
FW1996041.UP.FTS.B,
27.48%,
11/08/26
.
10,040
1,433
FW1994909.UP.FTS.B,
27.53%,
11/08/26
.
12,998
12,928
FW1990667.UP.FTS.B,
27.83%,
11/08/26
.
3,585
3,572
FW1991732.UP.FTS.B,
27.87%,
11/08/26
.
3,823
273
FW1996955.UP.FTS.B,
27.91%,
11/08/26
.
1,204
1,200
FW1994443.UP.FTS.B,
27.95%,
11/08/26
.
8,032
8,005
FW1994756.UP.FTS.B,
28%,
11/08/26
...
2,805
2,795
FW1999057.UP.FTS.B,
28%,
11/08/26
...
20,080
20,013
FW1996342.UP.FTS.B,
28.14%,
11/08/26
.
5,624
5,605
FW1993779.UP.FTS.B,
28.2%,
11/08/26
..
12,054
12,013
FW1996228.UP.FTS.B,
28.64%,
11/08/26
.
10,049
9,998
FW1998379.UP.FTS.B,
28.74%,
11/08/26
.
3,981
1,132
FW1992877.UP.FTS.B,
28.84%,
11/08/26
.
963
952
FW1995167.UP.FTS.B,
29.32%,
11/08/26
.
3,045
875
FW1992839.UP.FTS.B,
29.33%,
11/08/26
.
4,041
4,027
FW1991541.UP.FTS.B,
29.36%,
11/08/26
.
4,850
4,833
FW1999851.UP.FTS.B,
29.4%,
11/08/26
..
4,106
4,088
FW1995866.UP.FTS.B,
29.41%,
11/08/26
.
2,647
2,637
FW1995850.UP.FTS.B,
29.69%,
11/08/26
.
886
883
FW1992347.UP.FTS.B,
29.82%,
11/08/26
.
24,304
24,221
FW1995066.UP.FTS.B,
29.83%,
11/08/26
.
4,403
4,385
FW1998032.UP.FTS.B,
29.86%,
11/08/26
.
3,803
3,779
FW1994293.UP.FTS.B,
30.31%,
11/08/26
.
1,150
1,145
FW1997312.UP.FTS.B,
30.32%,
11/08/26
.
812
810
FW1999097.UP.FTS.B,
30.46%,
11/08/26
.
2,474
1,457
FW1989533.UP.FTS.B,
30.48%,
11/08/26
.
1,386
1,372
FW1996257.UP.FTS.B,
30.52%,
11/08/26
.
1,604
1,585
FW1991024.UP.FTS.B,
30.67%,
11/08/26
.
895
892
FW1996943.UP.FTS.B,
30.67%,
11/08/26
.
3,330
3,281
FW1994569.UP.FTS.B,
30.87%,
11/08/26
.
4,723
4,707
FW1998245.UP.FTS.B,
30.99%,
11/08/26
.
7,250
7,226
FW1991582.UP.FTS.B,
31.04%,
11/08/26
.
7,498
7,472
FW1996197.UP.FTS.B,
31.07%,
11/08/26
.
3,423
3,411
FW1995019.UP.FTS.B,
31.1%,
11/08/26
..
1,413
403
FW1994376.UP.FTS.B,
31.11%,
11/08/26
.
1,304
1,300
FW1991890.UP.FTS.B,
31.12%,
11/08/26
.
2,446
2,438
FW1994027.UP.FTS.B,
31.13%,
11/08/26
.
2,202
2,195
FW1991332.UP.FTS.B,
31.15%,
11/08/26
.
3,388
3,373
FW1997810.UP.FTS.B,
31.15%,
11/08/26
.
1,745
1,029
FW1988381.UP.FTS.B,
31.18%,
11/08/26
.
3,863
3,826
FW1999282.UP.FTS.B,
31.18%,
11/08/26
.
7,281
7,253
FW1996902.UP.FTS.B,
31.33%,
11/08/26
.
7,776
7,740
FW1999590.UP.FTS.B,
31.42%,
11/08/26
.
4,082
4,068
FW1992892.UP.FTS.B,
31.61%,
11/08/26
.
7,696
(162)
L1989003.UP.FTS.B,
15.35%,
11/12/26
...
18,636
18,447
L1996174.UP.FTS.B,
21.54%,
11/14/26
...
7,907
7,771
FW1988425.UP.FTS.B,
30.92%,
11/16/26
.
1,066
1,063
L2044841.UP.FTS.B,
6%,
11/18/26
......
7,111
7,052
L2073684.UP.FTS.B,
7.58%,
11/18/26
....
7,040
6,978
L2071601.UP.FTS.B,
7.69%,
11/18/26
....
2,124
2,105
L2070708.UP.FTS.B,
7.71%,
11/18/26
....
14,145
14,020
L2074361.UP.FTS.B,
7.81%,
11/18/26
....
9,215
9,134
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
263
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2070082.UP.FTS.B,
8.09%,
11/18/26
....
$
14,200
$
14,076
L2070214.UP.FTS.B,
8.6%,
11/18/26
.....
1,977
144
L2041907.UP.FTS.B,
9.16%,
11/18/26
....
2,862
2,838
L2073150.UP.FTS.B,
9.42%,
11/18/26
....
11,746
11,643
L2071865.UP.FTS.B,
10.09%,
11/18/26
...
5,402
5,355
L2075029.UP.FTS.B,
10.15%,
11/18/26
...
7,927
7,858
L2074643.UP.FTS.B,
10.22%,
11/18/26
...
14,277
14,151
L2072338.UP.FTS.B,
10.5%,
11/18/26
....
5,418
5,372
L2073169.UP.FTS.B,
10.97%,
11/18/26
...
15,947
15,808
L2075077.UP.FTS.B,
11.07%,
11/18/26
...
2,176
2,157
L2074489.UP.FTS.B,
11.11%,
11/18/26
...
16,541
16,397
FW2074336.UP.FTS.B,
11.25%,
11/18/26
.
4,920
4,875
L2075040.UP.FTS.B,
11.45%,
11/18/26
...
10,166
10,077
FW2073066.UP.FTS.B,
11.7%,
11/18/26
..
3,543
3,511
L2074193.UP.FTS.B,
12.02%,
11/18/26
...
6,899
6,839
L2075044.UP.FTS.B,
12.3%,
11/18/26
....
2,926
2,900
L2074536.UP.FTS.B,
12.35%,
11/18/26
...
4,390
4,352
L2071456.UP.FTS.B,
12.81%,
11/18/26
...
27,258
27,002
L2071639.UP.FTS.B,
12.89%,
11/18/26
...
6,282
354
L2073228.UP.FTS.B,
13.71%,
11/18/26
...
7,532
7,468
L2069740.UP.FTS.B,
13.83%,
11/18/26
...
12,201
11,468
L2073949.UP.FTS.B,
13.85%,
11/18/26
...
3,695
3,664
L2070988.UP.FTS.B,
13.92%,
11/18/26
...
5,915
5,865
L2071487.UP.FTS.B,
14%,
11/18/26
.....
6,082
235
L2074491.UP.FTS.B,
14.11%,
11/18/26
...
6,957
586
L2070587.UP.FTS.B,
14.32%,
11/18/26
...
5,931
5,879
L2073985.UP.FTS.B,
14.6%,
11/18/26
....
3,714
3,683
L2074701.UP.FTS.B,
14.63%,
11/18/26
...
4,754
4,713
L2074516.UP.FTS.B,
14.71%,
11/18/26
...
7,061
7,001
L2073258.UP.FTS.B,
14.73%,
11/18/26
...
831
60
FW2061676.UP.FTS.B,
14.9%,
11/18/26
..
14,886
14,760
FW2075148.UP.FTS.B,
14.93%,
11/18/26
.
2,978
2,951
FW2072385.UP.FTS.B,
15%,
11/18/26
...
5,203
5,157
FW2072823.UP.FTS.B,
15.21%,
11/18/26
.
1,842
1,826
L2074544.UP.FTS.B,
15.5%,
11/18/26
....
3,763
3,729
L1995487.UP.FTS.B,
15.52%,
11/18/26
...
3,752
3,710
L2073878.UP.FTS.B,
15.54%,
11/18/26
...
3,613
154
L2074846.UP.FTS.B,
15.74%,
11/18/26
...
11,224
11,126
L2073728.UP.FTS.B,
15.85%,
11/18/26
...
1,601
1,581
L2073860.UP.FTS.B,
16.19%,
11/18/26
...
2,251
2,232
L2075589.UP.FTS.B,
16.26%,
11/18/26
...
5,234
5,189
L2071348.UP.FTS.B,
16.45%,
11/18/26
...
10,524
10,436
L2071149.UP.FTS.B,
16.73%,
11/18/26
...
19,199
19,026
L2071590.UP.FTS.B,
16.75%,
11/18/26
...
5,357
5,049
FW2074457.UP.FTS.B,
16.98%,
11/18/26
.
18,856
18,677
FW2075122.UP.FTS.B,
17.19%,
11/18/26
.
3,021
2,995
L2074833.UP.FTS.B,
17.19%,
11/18/26
...
11,214
1,609
FW2075446.UP.FTS.B,
17.4%,
11/18/26
..
2,984
2,957
FW2075299.UP.FTS.B,
17.67%,
11/18/26
.
3,030
3,003
FW2071651.UP.FTS.B,
17.93%,
11/18/26
.
4,976
4,688
L2069944.UP.FTS.B,
18.01%,
11/18/26
...
7,365
7,296
L2063418.UP.FTS.B,
18.03%,
11/18/26
...
3,036
3,010
L2074570.UP.FTS.B,
18.15%,
11/18/26
...
12,156
12,051
L2074700.UP.FTS.B,
18.17%,
11/18/26
...
4,940
4,897
L2073937.UP.FTS.B,
18.46%,
11/18/26
...
9,045
8,965
FW2070090.UP.FTS.B,
18.57%,
11/18/26
.
1,463
1,449
FW2072266.UP.FTS.B,
18.67%,
11/18/26
.
1,967
1,948
L2069767.UP.FTS.B,
18.84%,
11/18/26
...
3,499
3,386
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2074803.UP.FTS.B,
18.88%,
11/18/26
.
$
9,540
$
9,458
L2071288.UP.FTS.B,
18.9%,
11/18/26
....
3,276
3,244
FW2070966.UP.FTS.B,
18.96%,
11/18/26
.
4,580
4,537
L2071754.UP.FTS.B,
19.22%,
11/18/26
...
3,332
3,288
FW2072147.UP.FTS.B,
19.3%,
11/18/26
..
10,254
9,662
FW2074495.UP.FTS.B,
19.61%,
11/18/26
.
6,676
6,607
L2074954.UP.FTS.B,
19.66%,
11/18/26
...
4,285
1,195
L2067851.UP.FTS.B,
19.79%,
11/18/26
...
11,111
10,994
L2060606.UP.FTS.B,
19.84%,
11/18/26
...
29,088
28,838
L2073597.UP.FTS.B,
19.97%,
11/18/26
...
1,067
1,049
L2073933.UP.FTS.B,
20.06%,
11/18/26
...
4,496
4,344
FW2070506.UP.FTS.B,
20.1%,
11/18/26
..
3,384
3,353
L2072694.UP.FTS.B,
20.25%,
11/18/26
...
2,539
2,515
L2071378.UP.FTS.B,
20.26%,
11/18/26
...
5,932
5,589
FW2070300.UP.FTS.B,
20.46%,
11/18/26
.
7,705
7,709
L2070073.UP.FTS.B,
20.5%,
11/18/26
....
7,567
542
L2074554.UP.FTS.B,
20.64%,
11/18/26
...
17,413
16,407
L2073048.UP.FTS.B,
20.74%,
11/18/26
...
3,858
3,822
L2074379.UP.FTS.B,
20.93%,
11/18/26
...
14,113
14,105
L2073994.UP.FTS.B,
21.04%,
11/18/26
...
3,865
3,828
FW2073919.UP.FTS.B,
21.16%,
11/18/26
.
2,438
365
L2074931.UP.FTS.B,
21.33%,
11/18/26
...
4,803
1,375
L2072150.UP.FTS.B,
21.62%,
11/18/26
...
23,277
23,081
L2074856.UP.FTS.B,
21.95%,
11/18/26
...
8,736
8,732
L2073879.UP.FTS.B,
22.29%,
11/18/26
...
1,586
1,510
L2074792.UP.FTS.B,
22.51%,
11/18/26
...
3,904
3,898
L2072786.UP.FTS.B,
22.57%,
11/18/26
...
10,936
10,921
L2074611.UP.FTS.B,
22.62%,
11/18/26
...
20,015
19,066
L2074520.UP.FTS.B,
22.63%,
11/18/26
...
348
343
L2073235.UP.FTS.B,
22.81%,
11/18/26
...
5,566
5,242
L2074658.UP.FTS.B,
22.83%,
11/18/26
...
7,809
7,813
L2074869.UP.FTS.B,
22.9%,
11/18/26
....
3,259
3,226
L2073707.UP.FTS.B,
22.91%,
11/18/26
...
2,187
2,189
L2074779.UP.FTS.B,
22.95%,
11/18/26
...
7,819
7,824
L2073694.UP.FTS.B,
22.99%,
11/18/26
...
4,623
4,622
FW2074890.UP.FTS.B,
23.06%,
11/18/26
.
2,811
807
L2075061.UP.FTS.B,
23.07%,
11/18/26
...
7,299
7,295
L2073355.UP.FTS.B,
23.21%,
11/18/26
...
3,912
3,915
L2074657.UP.FTS.B,
23.23%,
11/18/26
...
2,974
2,976
L2075024.UP.FTS.B,
23.38%,
11/18/26
...
3,700
3,692
L2074815.UP.FTS.B,
23.53%,
11/18/26
...
5,050
167
L2069953.UP.FTS.B,
23.63%,
11/18/26
...
2,133
2,110
L2074932.UP.FTS.B,
23.75%,
11/18/26
...
7,278
7,270
L2074997.UP.FTS.B,
24.24%,
11/18/26
...
3,341
3,186
FW2074736.UP.FTS.B,
24.49%,
11/18/26
.
5,530
5,522
L2074747.UP.FTS.B,
24.82%,
11/18/26
...
2,436
2,321
L2073148.UP.FTS.B,
24.83%,
11/18/26
...
1,185
1,173
L2069647.UP.FTS.B,
24.91%,
11/18/26
...
3,833
3,818
L2069706.UP.FTS.B,
24.96%,
11/18/26
...
1,343
1,344
L2072240.UP.FTS.B,
24.96%,
11/18/26
...
4,043
601
FW2073759.UP.FTS.B,
25.15%,
11/18/26
.
948
948
L2075027.UP.FTS.B,
25.16%,
11/18/26
...
4,748
4,751
L2070719.UP.FTS.B,
25.21%,
11/18/26
...
5,536
1,604
L2075204.UP.FTS.B,
25.29%,
11/18/26
...
3,878
3,881
L2073552.UP.FTS.B,
25.3%,
11/18/26
....
1,583
1,584
L2070829.UP.FTS.B,
25.31%,
11/18/26
...
791
783
FW2074782.UP.FTS.B,
25.34%,
11/18/26
.
2,279
664
L2074787.UP.FTS.B,
25.38%,
11/18/26
...
4,766
338
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
264
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2070733.UP.FTS.B,
25.4%,
11/18/26
....
$
2,383
$
2,379
L2071257.UP.FTS.B,
25.4%,
11/18/26
....
753
752
L2072907.UP.FTS.B,
25.45%,
11/18/26
...
3,320
3,156
L2075025.UP.FTS.B,
25.46%,
11/18/26
...
504
497
L2071644.UP.FTS.B,
25.54%,
11/18/26
...
5,231
5,234
L2045168.UP.FTS.B,
25.61%,
11/18/26
...
7,170
7,161
FW2071761.UP.FTS.B,
25.95%,
11/18/26
.
6,978
499
L2070118.UP.FTS.B,
26.13%,
11/18/26
...
2,131
616
FW2075060.UP.FTS.B,
26.35%,
11/18/26
.
4,001
3,997
FW2074345.UP.FTS.B,
26.9%,
11/18/26
..
857
60
FW2074102.UP.FTS.B,
27.44%,
11/18/26
.
2,076
2,076
FW2073976.UP.FTS.B,
27.83%,
11/18/26
.
1,508
1,505
FW2074661.UP.FTS.B,
27.99%,
11/18/26
.
1,700
6
FW2074553.UP.FTS.B,
28.4%,
11/18/26
..
826
787
FW2074755.UP.FTS.B,
28.62%,
11/18/26
.
1,765
56
FW2075115.UP.FTS.B,
29.25%,
11/18/26
.
4,847
4,851
FW2074160.UP.FTS.B,
29.41%,
11/18/26
.
1,142
1,127
FW2074435.UP.FTS.B,
29.62%,
11/18/26
.
6,094
6,095
FW2074265.UP.FTS.B,
29.67%,
11/18/26
.
6,881
6,885
FW2067233.UP.FTS.B,
29.68%,
11/18/26
.
1,457
1,458
FW2074064.UP.FTS.B,
29.92%,
11/18/26
.
1,459
1,460
FW2071058.UP.FTS.B,
30.15%,
11/18/26
.
1,949
1,950
FW2073506.UP.FTS.B,
30.43%,
11/18/26
.
791
790
FW2072059.UP.FTS.B,
30.46%,
11/18/26
.
3,711
3,541
FW2072695.UP.FTS.B,
30.47%,
11/18/26
.
813
814
FW2074740.UP.FTS.B,
30.66%,
11/18/26
.
26,112
26,129
FW2071291.UP.FTS.B,
30.75%,
11/18/26
.
2,597
2,598
FW2072339.UP.FTS.B,
30.87%,
11/18/26
.
1,873
1,874
FW2072758.UP.FTS.B,
30.89%,
11/18/26
.
1,354
95
FW2067875.UP.FTS.B,
30.93%,
11/18/26
.
1,140
1,141
FW2069888.UP.FTS.B,
30.95%,
11/18/26
.
4,753
708
FW2073859.UP.FTS.B,
30.99%,
11/18/26
.
1,711
1,712
FW2070830.UP.FTS.B,
31%,
11/18/26
...
3,177
3,180
FW2073526.UP.FTS.B,
31.02%,
11/18/26
.
1,636
(9)
FW2074592.UP.FTS.B,
31.05%,
11/18/26
.
815
816
FW2070865.UP.FTS.B,
31.17%,
11/18/26
.
1,306
1,307
FW2070287.UP.FTS.B,
31.24%,
11/18/26
.
3,019
3,022
FW2074713.UP.FTS.B,
31.25%,
11/18/26
.
5,730
5,723
FW2070592.UP.FTS.B,
31.39%,
11/18/26
.
3,202
3,180
FW2073462.UP.FTS.B,
31.41%,
11/18/26
.
2,122
2,124
FW1991256.UP.FTS.B,
25.07%,
11/22/26
.
17,634
17,552
L1990580.UP.FTS.B,
19.47%,
11/23/26
...
19,378
19,166
L1989244.UP.FTS.B,
25.47%,
11/23/26
...
2,654
380
L2074195.UP.FTS.B,
15.15%,
11/24/26
...
7,473
7,411
L2070126.UP.FTS.B,
12.98%,
12/03/26
...
5,153
5,109
L2213943.UP.FTS.B,
8.37%,
12/09/26
....
7,078
7,010
L2216952.UP.FTS.B,
8.42%,
12/09/26
....
13,062
12,938
L2217859.UP.FTS.B,
8.75%,
12/09/26
....
14,579
14,442
FW2218197.UP.FTS.B,
9.08%,
12/09/26
..
36,597
36,238
L2215533.UP.FTS.B,
9.49%,
12/09/26
....
3,555
3,521
L2214523.UP.FTS.B,
9.75%,
12/09/26
....
18,416
18,236
L2214639.UP.FTS.B,
9.77%,
12/09/26
....
6,238
6,180
L2217330.UP.FTS.B,
10.1%,
12/09/26
....
3,665
3,631
L2218472.UP.FTS.B,
10.62%,
12/09/26
...
1,641
120
L2217133.UP.FTS.B,
11.03%,
12/09/26
...
18,436
18,245
L2163677.UP.FTS.B,
11.56%,
12/09/26
...
23,671
23,427
FW2216190.UP.FTS.B,
12.02%,
12/09/26
.
3,725
3,687
L2214721.UP.FTS.B,
12.86%,
12/09/26
...
8,015
7,934
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2216322.UP.FTS.B,
12.95%,
12/09/26
...
$
8,094
$
8,012
L2215565.UP.FTS.B,
13.14%,
12/09/26
...
4,502
4,457
L2216898.UP.FTS.B,
13.16%,
12/09/26
...
8,629
624
L2214318.UP.FTS.B,
13.19%,
12/09/26
...
1,809
1,790
FW2214435.UP.FTS.B,
13.25%,
12/09/26
.
18,774
18,585
L2218652.UP.FTS.B,
13.28%,
12/09/26
...
7,961
7,881
L2214819.UP.FTS.B,
13.75%,
12/09/26
...
4,503
4,458
L2215433.UP.FTS.B,
14.02%,
12/09/26
...
1,509
1,494
L2218351.UP.FTS.B,
14.35%,
12/09/26
...
743
735
L2217202.UP.FTS.B,
15.56%,
12/09/26
...
3,200
3,168
L2215625.UP.FTS.B,
15.65%,
12/09/26
...
8,668
4,827
FW2214828.UP.FTS.B,
15.83%,
12/09/26
.
8,394
8,298
FW2217553.UP.FTS.B,
16.03%,
12/09/26
.
4,564
4,518
L2216039.UP.FTS.B,
16.11%,
12/09/26
...
3,822
3,778
FW2215838.UP.FTS.B,
16.38%,
12/09/26
.
6,117
6,047
L2215859.UP.FTS.B,
16.43%,
12/09/26
...
3,293
3,255
L2217862.UP.FTS.B,
16.51%,
12/09/26
...
8,429
8,333
L2215442.UP.FTS.B,
16.68%,
12/09/26
...
2,148
2,123
L2217548.UP.FTS.B,
17.23%,
12/09/26
...
11,542
11,410
L2216987.UP.FTS.B,
17.24%,
12/09/26
...
7,647
7,545
L2218677.UP.FTS.B,
17.27%,
12/09/26
...
4,647
4,588
L2216029.UP.FTS.B,
17.52%,
12/09/26
...
5,434
5,366
L2215266.UP.FTS.B,
17.71%,
12/09/26
...
6,497
906
L2217603.UP.FTS.B,
17.91%,
12/09/26
...
5,032
4,968
FW2216465.UP.FTS.B,
18.28%,
12/09/26
.
1,550
1,531
L2215903.UP.FTS.B,
18.3%,
12/09/26
....
3,088
3,052
L2214500.UP.FTS.B,
18.31%,
12/09/26
...
25,093
14,028
L2217227.UP.FTS.B,
18.97%,
12/09/26
...
8,551
8,441
L2215706.UP.FTS.B,
19.38%,
12/09/26
...
2,047
285
L2213701.UP.FTS.B,
19.91%,
12/09/26
...
2,267
2,237
L2215303.UP.FTS.B,
20.05%,
12/09/26
...
5,475
5,455
L2216965.UP.FTS.B,
20.16%,
12/09/26
...
27,393
27,083
L2215373.UP.FTS.B,
20.25%,
12/09/26
...
783
774
FW2217873.UP.FTS.B,
20.4%,
12/09/26
..
4,529
124
FW2214210.UP.FTS.B,
20.55%,
12/09/26
.
3,922
3,871
FW2213572.UP.FTS.B,
21.18%,
12/09/26
.
1,968
1,961
FW2215092.UP.FTS.B,
21.19%,
12/09/26
.
8,378
191
FW2215010.UP.FTS.B,
21.32%,
12/09/26
.
1,572
1,555
L2214734.UP.FTS.B,
21.37%,
12/09/26
...
8,519
8,406
FW2215319.UP.FTS.B,
21.51%,
12/09/26
.
3,154
3,143
L2216377.UP.FTS.B,
21.52%,
12/09/26
...
12,620
12,575
L2215585.UP.FTS.B,
21.73%,
12/09/26
...
40,915
10,993
L2216265.UP.FTS.B,
21.78%,
12/09/26
...
3,948
3,934
L2217016.UP.FTS.B,
21.8%,
12/09/26
....
3,608
3,587
L2214771.UP.FTS.B,
21.93%,
12/09/26
...
1,897
1,890
L2217244.UP.FTS.B,
21.96%,
12/09/26
...
3,953
3,902
FW2217920.UP.FTS.B,
22.05%,
12/09/26
.
3,163
3,152
FW2218437.UP.FTS.B,
22.08%,
12/09/26
.
2,162
157
FW2217042.UP.FTS.B,
22.14%,
12/09/26
.
3,923
3,907
L2213576.UP.FTS.B,
22.2%,
12/09/26
....
2,822
2,785
L2216013.UP.FTS.B,
22.2%,
12/09/26
....
3,023
854
L2217530.UP.FTS.B,
22.65%,
12/09/26
...
3,573
3,560
L2199212.UP.FTS.B,
23.01%,
12/09/26
...
12,662
12,612
FW2215013.UP.FTS.B,
23.03%,
12/09/26
.
9,022
8,906
L1410812.UP.FTS.B,
23.09%,
12/09/26
...
7,470
7,453
FW2209695.UP.FTS.B,
23.37%,
12/09/26
.
3,951
3,935
L2214174.UP.FTS.B,
23.38%,
12/09/26
...
829
817
L2218623.UP.FTS.B,
23.41%,
12/09/26
...
3,506
3,493
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
265
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2215830.UP.FTS.B,
23.46%,
12/09/26
.
$
877
$
874
L2217598.UP.FTS.B,
23.52%,
12/09/26
...
7,653
7,626
L2218003.UP.FTS.B,
23.87%,
12/09/26
...
1,997
1,990
L2214776.UP.FTS.B,
24.04%,
12/09/26
...
8,702
8,671
FW2215962.UP.FTS.B,
24.1%,
12/09/26
..
3,998
3,984
FW2218127.UP.FTS.B,
24.14%,
12/09/26
.
7,998
7,969
L2216002.UP.FTS.B,
24.2%,
12/09/26
....
3,791
3,771
FW2214164.UP.FTS.B,
24.23%,
12/09/26
.
28,166
27,805
L2215396.UP.FTS.B,
24.34%,
12/09/26
...
3,434
3,422
FW2214689.UP.FTS.B,
24.38%,
12/09/26
.
7,228
7,189
L2218752.UP.FTS.B,
24.44%,
12/09/26
...
1,346
1,340
L2217516.UP.FTS.B,
24.76%,
12/09/26
...
1,193
1,189
L2218428.UP.FTS.B,
25.03%,
12/09/26
...
1,205
1,201
L2216782.UP.FTS.B,
25.06%,
12/09/26
...
2,806
2,770
L2215729.UP.FTS.B,
25.13%,
12/09/26
...
12,188
12,129
L2214317.UP.FTS.B,
25.17%,
12/09/26
...
2,975
2,926
L2215559.UP.FTS.B,
25.19%,
12/09/26
...
1,197
1,181
L2217252.UP.FTS.B,
25.25%,
12/09/26
...
1,593
1,572
L2215557.UP.FTS.B,
25.29%,
12/09/26
...
1,850
1,844
FW2217958.UP.FTS.B,
25.35%,
12/09/26
.
3,622
3,610
L2215431.UP.FTS.B,
25.39%,
12/09/26
...
1,851
1,831
L2213659.UP.FTS.B,
25.4%,
12/09/26
....
3,060
3,049
L2217765.UP.FTS.B,
25.4%,
12/09/26
....
885
882
L2215136.UP.FTS.B,
25.42%,
12/09/26
...
3,969
3,913
L2214897.UP.FTS.B,
25.44%,
12/09/26
...
13,204
13,158
L2214140.UP.FTS.B,
25.45%,
12/09/26
...
2,438
2,413
L2217964.UP.FTS.B,
25.45%,
12/09/26
...
5,153
5,135
L2213733.UP.FTS.B,
25.47%,
12/09/26
...
326
320
L2214064.UP.FTS.B,
25.48%,
12/09/26
...
3,946
3,932
L2216607.UP.FTS.B,
25.48%,
12/09/26
...
2,416
2,407
L2216927.UP.FTS.B,
25.5%,
12/09/26
....
1,165
686
L2214552.UP.FTS.B,
25.53%,
12/09/26
...
4,328
308
FW2216203.UP.FTS.B,
25.54%,
12/09/26
.
5,401
5,372
L2214345.UP.FTS.B,
25.65%,
12/09/26
...
2,445
693
L2214388.UP.FTS.B,
25.7%,
12/09/26
....
2,979
2,968
L2218260.UP.FTS.B,
25.7%,
12/09/26
....
5,321
5,302
FW2217031.UP.FTS.B,
25.82%,
12/09/26
.
5,103
1,457
L2218303.UP.FTS.B,
25.88%,
12/09/26
...
5,466
1,565
L2216795.UP.FTS.B,
26.15%,
12/09/26
...
10,908
10,870
L2217875.UP.FTS.B,
26.21%,
12/09/26
...
6,460
6,437
L2218511.UP.FTS.B,
26.56%,
12/09/26
...
6,177
1,768
FW2214874.UP.FTS.B,
27.9%,
12/09/26
..
4,075
4,061
FW2214657.UP.FTS.B,
27.98%,
12/09/26
.
804
801
FW2215725.UP.FTS.B,
28.05%,
12/09/26
.
6,526
6,504
FW2216921.UP.FTS.B,
28.44%,
12/09/26
.
14,058
14,010
FW2215661.UP.FTS.B,
28.62%,
12/09/26
.
9,797
9,762
FW2217297.UP.FTS.B,
28.83%,
12/09/26
.
2,456
2,447
FW2216442.UP.FTS.B,
29.14%,
12/09/26
.
7,445
7,409
FW2218562.UP.FTS.B,
29.96%,
12/09/26
.
824
820
FW2215268.UP.FTS.B,
30.49%,
12/09/26
.
60
59
FW2217960.UP.FTS.B,
30.51%,
12/09/26
.
4,126
4,112
FW2217757.UP.FTS.B,
30.55%,
12/09/26
.
2,514
2,498
FW2216336.UP.FTS.B,
30.57%,
12/09/26
.
14,537
1,016
FW2215575.UP.FTS.B,
30.72%,
12/09/26
.
2,873
2,858
FW2214286.UP.FTS.B,
30.83%,
12/09/26
.
17,426
17,342
FW2216633.UP.FTS.B,
30.84%,
12/09/26
.
826
824
FW2216308.UP.FTS.B,
30.91%,
12/09/26
.
2,809
196
FW2213785.UP.FTS.B,
30.97%,
12/09/26
.
2,607
2,591
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2205180.UP.FTS.B,
31.15%,
12/09/26
.
$
23,584
$
23,504
FW2216383.UP.FTS.B,
31.17%,
12/09/26
.
5,462
5,392
FW2214022.UP.FTS.B,
31.21%,
12/09/26
.
3,823
3,803
FW2217843.UP.FTS.B,
31.21%,
12/09/26
.
1,028
1,023
FW2216011.UP.FTS.B,
31.3%,
12/09/26
..
1,822
1,816
FW2215916.UP.FTS.B,
31.42%,
12/09/26
.
1,408
1,404
FW2217430.UP.FTS.B,
31.5%,
12/09/26
..
3,804
269
FW2215821.UP.FTS.B,
31.64%,
12/09/26
.
6,634
6,612
FW2216725.UP.FTS.B,
31.78%,
12/09/26
.
4,992
713
FW2216867.UP.FTS.B,
31.83%,
12/09/26
.
4,375
4,359
FW2217138.UP.FTS.B,
32.58%,
12/09/26
.
5,949
5,920
FW2219336.UP.FTS.B,
7.29%,
12/10/26
..
7,215
7,147
L2221765.UP.FTS.B,
7.56%,
12/10/26
....
7,230
7,162
FW2218855.UP.FTS.B,
7.72%,
12/10/26
..
4,089
4,050
L2220935.UP.FTS.B,
8.04%,
12/10/26
....
7,979
7,904
L2220551.UP.FTS.B,
8.19%,
12/10/26
....
1,597
1,582
L2222014.UP.FTS.B,
9.11%,
12/10/26
....
18,267
18,097
L2220654.UP.FTS.B,
9.13%,
12/10/26
....
17,386
17,216
L2220216.UP.FTS.B,
9.67%,
12/10/26
....
14,023
13,874
L2221664.UP.FTS.B,
9.98%,
12/10/26
....
4,556
4,493
FW2219804.UP.FTS.B,
10.44%,
12/10/26
.
7,373
7,298
FW2222412.UP.FTS.B,
10.49%,
12/10/26
.
738
731
L2220336.UP.FTS.B,
11.03%,
12/10/26
...
4,147
4,101
L2220236.UP.FTS.B,
11.73%,
12/10/26
...
15,965
15,804
L2222184.UP.FTS.B,
12.02%,
12/10/26
...
6,259
6,196
L2220260.UP.FTS.B,
12.23%,
12/10/26
...
37,303
36,929
L2221618.UP.FTS.B,
12.8%,
12/10/26
....
4,128
4,082
L2221708.UP.FTS.B,
13%,
12/10/26
.....
3,550
3,510
FW2220027.UP.FTS.B,
13.09%,
12/10/26
.
7,501
7,427
FW2220942.UP.FTS.B,
13.11%,
12/10/26
.
3,759
273
L2221352.UP.FTS.B,
13.11%,
12/10/26
...
725
717
L2221255.UP.FTS.B,
13.17%,
12/10/26
...
5,656
5,596
L2220245.UP.FTS.B,
13.24%,
12/10/26
...
19,974
19,776
L2220618.UP.FTS.B,
13.32%,
12/10/26
...
32,155
31,835
L2221709.UP.FTS.B,
13.43%,
12/10/26
...
12,633
1,712
L2218875.UP.FTS.B,
13.44%,
12/10/26
...
9,021
8,932
L2221936.UP.FTS.B,
13.59%,
12/10/26
...
4,817
4,769
L2220922.UP.FTS.B,
13.6%,
12/10/26
....
5,268
5,216
L2222570.UP.FTS.B,
13.7%,
12/10/26
....
3,776
3,735
L2211103.UP.FTS.B,
13.86%,
12/10/26
...
9,842
9,737
L2221071.UP.FTS.B,
14.15%,
12/10/26
...
5,821
5,756
FW2219337.UP.FTS.B,
14.64%,
12/10/26
.
4,374
4,328
L2221548.UP.FTS.B,
14.74%,
12/10/26
...
758
751
FW2222326.UP.FTS.B,
14.82%,
12/10/26
.
13,271
13,141
L2219252.UP.FTS.B,
15.58%,
12/10/26
...
3,931
3,874
L2218671.UP.FTS.B,
15.6%,
12/10/26
....
3,810
3,767
L2194261.UP.FTS.B,
15.71%,
12/10/26
...
8,854
8,747
FW2219230.UP.FTS.B,
15.75%,
12/10/26
.
8,476
8,372
L2219293.UP.FTS.B,
15.87%,
12/10/26
...
11,450
11,338
L2222083.UP.FTS.B,
16.07%,
12/10/26
...
1,153
1,141
L2219654.UP.FTS.B,
16.29%,
12/10/26
...
2,506
351
FW2221359.UP.FTS.B,
17.28%,
12/10/26
.
2,617
2,588
FW2221538.UP.FTS.B,
17.36%,
12/10/26
.
12,322
12,184
L2219356.UP.FTS.B,
17.56%,
12/10/26
...
8,252
8,160
L2183750.UP.FTS.B,
17.62%,
12/10/26
...
6,172
6,103
L2220037.UP.FTS.B,
17.77%,
12/10/26
...
2,470
2,443
L2220747.UP.FTS.B,
18.08%,
12/10/26
...
7,297
7,205
L2219692.UP.FTS.B,
18.1%,
12/10/26
....
2,475
2,447
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
266
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2222111.UP.FTS.B,
18.1%,
12/10/26
....
$
4,254
$
4,207
FW2217304.UP.FTS.B,
18.29%,
12/10/26
.
747
736
FW2219267.UP.FTS.B,
18.39%,
12/10/26
.
6,416
1,755
L2218279.UP.FTS.B,
18.41%,
12/10/26
...
3,938
2,248
L2220278.UP.FTS.B,
18.47%,
12/10/26
...
4,651
4,599
L2221646.UP.FTS.B,
18.79%,
12/10/26
...
7,748
7,648
L2211401.UP.FTS.B,
18.86%,
12/10/26
...
24,190
13,851
L2210120.UP.FTS.B,
18.97%,
12/10/26
...
2,643
2,610
FW2219505.UP.FTS.B,
19.04%,
12/10/26
.
17,914
17,657
L2219936.UP.FTS.B,
19.32%,
12/10/26
...
9,857
712
FW2219062.UP.FTS.B,
19.4%,
12/10/26
..
4,697
4,631
L2221797.UP.FTS.B,
19.44%,
12/10/26
...
13,198
13,029
L2221701.UP.FTS.B,
19.55%,
12/10/26
...
5,482
3,044
L2221919.UP.FTS.B,
19.66%,
12/10/26
...
4,371
4,315
L2220257.UP.FTS.B,
19.73%,
12/10/26
...
3,989
2,226
L2221739.UP.FTS.B,
19.78%,
12/10/26
...
7,029
7,006
L2221097.UP.FTS.B,
19.86%,
12/10/26
...
1,863
1,837
L2222299.UP.FTS.B,
20.17%,
12/10/26
...
4,696
4,644
L2220113.UP.FTS.B,
20.52%,
12/10/26
...
3,921
3,909
L2219823.UP.FTS.B,
20.59%,
12/10/26
...
4,500
4,445
L2221612.UP.FTS.B,
20.59%,
12/10/26
...
9,430
9,380
L2222005.UP.FTS.B,
20.98%,
12/10/26
...
11,303
11,167
L2221600.UP.FTS.B,
21.39%,
12/10/26
...
7,189
7,100
FW2219568.UP.FTS.B,
21.42%,
12/10/26
.
329
324
L2222012.UP.FTS.B,
21.64%,
12/10/26
...
2,775
2,761
FW2219145.UP.FTS.B,
21.86%,
12/10/26
.
13,274
13,231
FW2220653.UP.FTS.B,
22.15%,
12/10/26
.
4,793
4,771
FW2220221.UP.FTS.B,
22.46%,
12/10/26
.
5,548
5,531
L2219015.UP.FTS.B,
22.73%,
12/10/26
...
5,556
5,538
FW2220294.UP.FTS.B,
22.87%,
12/10/26
.
15,917
15,835
L2219342.UP.FTS.B,
22.94%,
12/10/26
...
2,645
391
L2222328.UP.FTS.B,
22.95%,
12/10/26
...
15,894
15,843
L2219249.UP.FTS.B,
23.16%,
12/10/26
...
4,257
4,224
FW2220079.UP.FTS.B,
23.76%,
12/10/26
.
1,752
1,046
L2222062.UP.FTS.B,
23.82%,
12/10/26
...
9,664
9,533
L2220670.UP.FTS.B,
23.96%,
12/10/26
...
2,465
2,442
FW2214196.UP.FTS.B,
23.98%,
12/10/26
.
4,822
4,799
L2222118.UP.FTS.B,
24.15%,
12/10/26
...
2,399
2,392
L2219719.UP.FTS.B,
24.34%,
12/10/26
...
1,201
1,197
FW2220794.UP.FTS.B,
24.46%,
12/10/26
.
4,221
4,202
L2221940.UP.FTS.B,
24.71%,
12/10/26
...
4,411
4,397
L2220990.UP.FTS.B,
24.8%,
12/10/26
....
4,393
313
FW2222025.UP.FTS.B,
24.95%,
12/10/26
.
8,061
8,021
L2221318.UP.FTS.B,
24.95%,
12/10/26
...
1,927
1,921
FW2221001.UP.FTS.B,
24.99%,
12/10/26
.
4,016
4,003
L2221560.UP.FTS.B,
25.03%,
12/10/26
...
1,938
1,928
L2220844.UP.FTS.B,
25.09%,
12/10/26
...
2,090
2,083
L2222466.UP.FTS.B,
25.12%,
12/10/26
...
8,440
8,414
FW2219626.UP.FTS.B,
25.21%,
12/10/26
.
4,474
1,272
L2209708.UP.FTS.B,
25.32%,
12/10/26
...
1,297
92
L2222460.UP.FTS.B,
25.39%,
12/10/26
...
2,573
2,557
L2219737.UP.FTS.B,
25.45%,
12/10/26
...
1,852
1,846
L2222516.UP.FTS.B,
25.46%,
12/10/26
...
843
835
L2218665.UP.FTS.B,
25.47%,
12/10/26
...
1,937
1,927
L2222196.UP.FTS.B,
25.5%,
12/10/26
....
1,933
1,927
L2222524.UP.FTS.B,
25.5%,
12/10/26
....
2,174
2,167
L2219005.UP.FTS.B,
25.75%,
12/10/26
...
2,904
2,895
L2219909.UP.FTS.B,
25.83%,
12/10/26
...
2,421
2,414
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2218850.UP.FTS.B,
25.86%,
12/10/26
...
$
7,999
$
2,279
FW2221345.UP.FTS.B,
26.17%,
12/10/26
.
2,283
2,270
L2220148.UP.FTS.B,
26.68%,
12/10/26
...
4,456
4,400
FW2221698.UP.FTS.B,
26.97%,
12/10/26
.
6,533
6,502
FW2220970.UP.FTS.B,
26.98%,
12/10/26
.
733
727
FW2219378.UP.FTS.B,
27.07%,
12/10/26
.
9,740
9,710
FW2219807.UP.FTS.B,
27.31%,
12/10/26
.
5,015
723
FW2221994.UP.FTS.B,
27.39%,
12/10/26
.
2,145
1,263
FW2220411.UP.FTS.B,
27.41%,
12/10/26
.
5,064
2,991
FW2220416.UP.FTS.B,
27.46%,
12/10/26
.
2,645
189
FW2218817.UP.FTS.B,
27.5%,
12/10/26
..
4,019
3,988
FW2221398.UP.FTS.B,
27.53%,
12/10/26
.
4,287
4,269
FW2221651.UP.FTS.B,
27.6%,
12/10/26
..
8,210
8,173
FW2220064.UP.FTS.B,
27.61%,
12/10/26
.
1,937
1,930
FW2215062.UP.FTS.B,
27.89%,
12/10/26
.
2,104
2,096
FW2219635.UP.FTS.B,
27.99%,
12/10/26
.
2,206
2,167
FW2219847.UP.FTS.B,
28.03%,
12/10/26
.
4,885
4,869
FW2220128.UP.FTS.B,
28.06%,
12/10/26
.
4,079
4,066
FW2221547.UP.FTS.B,
28.78%,
12/10/26
.
2,865
2,856
FW2222054.UP.FTS.B,
29.08%,
12/10/26
.
6,557
6,537
FW2219042.UP.FTS.B,
29.37%,
12/10/26
.
6,609
464
FW2218160.UP.FTS.B,
29.47%,
12/10/26
.
3,942
3,929
FW2219414.UP.FTS.B,
29.72%,
12/10/26
.
4,716
4,692
FW2220353.UP.FTS.B,
29.92%,
12/10/26
.
2,478
2,467
FW2221075.UP.FTS.B,
30.26%,
12/10/26
.
2,885
2,876
FW2221564.UP.FTS.B,
30.28%,
12/10/26
.
3,132
3,123
FW2217065.UP.FTS.B,
30.33%,
12/10/26
.
3,709
3,698
FW2221531.UP.FTS.B,
30.36%,
12/10/26
.
2,886
2,877
FW2221439.UP.FTS.B,
30.5%,
12/10/26
..
1,815
1,809
FW2221679.UP.FTS.B,
30.52%,
12/10/26
.
2,557
2,535
FW2218883.UP.FTS.B,
30.53%,
12/10/26
.
6,584
1,878
FW2219219.UP.FTS.B,
30.68%,
12/10/26
.
2,558
2,517
FW2222124.UP.FTS.B,
30.9%,
12/10/26
..
446
438
FW2215534.UP.FTS.B,
30.92%,
12/10/26
.
830
826
FW2219745.UP.FTS.B,
31.03%,
12/10/26
.
1,902
1,896
FW2218821.UP.FTS.B,
31.13%,
12/10/26
.
1,987
1,981
FW2221543.UP.FTS.B,
31.13%,
12/10/26
.
4,022
4,006
FW2216231.UP.FTS.B,
31.22%,
12/10/26
.
2,897
2,888
FW2218939.UP.FTS.B,
31.36%,
12/10/26
.
3,313
3,303
FW2219989.UP.FTS.B,
31.38%,
12/10/26
.
3,280
3,268
FW2221748.UP.FTS.B,
31.55%,
12/10/26
.
4,284
298
FW2219361.UP.FTS.B,
31.69%,
12/10/26
.
12,195
12,158
FW2222019.UP.FTS.B,
31.71%,
12/10/26
.
5,844
5,817
FW2219266.UP.FTS.B,
31.97%,
12/10/26
.
28,989
28,901
FW2220958.UP.FTS.B,
32.58%,
12/10/26
.
6,250
6,232
L2220687.UP.FTS.B,
23.72%,
12/11/26
...
2,250
2,233
L2219088.UP.FTS.B,
10.44%,
12/13/26
...
15,854
15,693
FW2219637.UP.FTS.B,
30.65%,
12/13/26
.
2,479
2,467
FW2221416.UP.FTS.B,
26.49%,
12/14/26
.
3,247
3,237
FW2218331.UP.FTS.B,
30.75%,
12/14/26
.
4,986
4,970
FW2213955.UP.FTS.B,
18.45%,
12/24/26
.
7,028
6,950
FW2215384.UP.FTS.B,
27.87%,
12/24/26
.
8,605
(19)
FW2219222.UP.FTS.B,
31.25%,
12/25/26
.
3,210
3,196
L1612765.UP.FTS.B,
17.19%,
1/23/27
....
13,219
12,451
L1612410.UP.FTS.B,
21.86%,
1/23/27
....
3,996
3,947
L1611337.UP.FTS.B,
22.25%,
1/23/27
....
16,060
4,642
L1612489.UP.FTS.B,
23.23%,
1/23/27
....
3,418
3,412
L1613013.UP.FTS.B,
25.41%,
1/23/27
....
1,565
1,569
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
267
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW1612781.UP.FTS.B,
27.12%,
1/23/27
..
$
8,045
$
8,041
FW1611792.UP.FTS.B,
28.67%,
1/23/27
..
5,803
5,808
L1614273.UP.FTS.B,
14.09%,
1/24/27
....
8,122
8,048
L1599969.UP.FTS.B,
14.68%,
1/24/27
....
5,597
5,537
L1616362.UP.FTS.B,
23.47%,
1/24/27
....
4,955
4,725
L1613119.UP.FTS.B,
24.86%,
1/24/27
....
11,282
10,867
FW1603076.UP.FTS.B,
25.34%,
1/24/27
..
28,937
4,145
L1616175.UP.FTS.B,
25.43%,
1/24/27
....
3,718
266
L1597917.UP.FTS.B,
26.39%,
1/24/27
....
3,004
144
FW1613124.UP.FTS.B,
26.6%,
1/24/27
...
13,479
12,848
FW1605600.UP.FTS.B,
29.46%,
1/24/27
..
6,408
6,436
FW1616426.UP.FTS.B,
30.21%,
1/24/27
..
1,629
482
FW1615354.UP.FTS.B,
31.17%,
1/24/27
..
10,577
10,564
L1617912.UP.FTS.B,
17.57%,
1/25/27
....
5,264
381
L1619285.UP.FTS.B,
19.51%,
1/25/27
....
21,540
1,397
L1618519.UP.FTS.B,
22.51%,
1/25/27
....
48
47
FW1615921.UP.FTS.B,
28.4%,
1/25/27
...
14,661
14,702
FW1618334.UP.FTS.B,
28.78%,
1/25/27
..
15,682
1,109
FW1620982.UP.FTS.B,
29.78%,
1/25/27
..
26,257
26,235
L1705631.UP.FTS.B,
14.99%,
2/13/27
....
13,582
1,916
FW1705472.UP.FTS.B,
19.5%,
2/13/27
...
5,972
5,909
L1705495.UP.FTS.B,
19.78%,
2/13/27
....
2,383
1,401
FW1706011.UP.FTS.B,
20.18%,
2/13/27
..
6,268
457
L1706676.UP.FTS.B,
24.2%,
2/13/27
....
13,128
12,987
L1704980.UP.FTS.B,
24.51%,
2/13/27
....
4,134
4,092
L1705353.UP.FTS.B,
25.94%,
2/13/27
....
3,089
3,085
L1706613.UP.FTS.B,
27.15%,
2/13/27
....
6,353
3,720
FW1705686.UP.FTS.B,
30.68%,
2/13/27
..
3,397
3,374
L1879662.UP.FTS.B,
19.3%,
3/19/27
....
18,068
17,261
FW1877987.UP.FTS.B,
20.97%,
3/19/27
..
3,185
463
L1876648.UP.FTS.B,
22.83%,
3/19/27
....
8,974
2,583
L1880795.UP.FTS.B,
23.65%,
3/19/27
....
2,454
2,327
FW1880786.UP.FTS.B,
24.67%,
3/19/27
..
4,785
4,543
L1878816.UP.FTS.B,
25.23%,
3/19/27
....
6,649
(36)
FW1879017.UP.FTS.B,
25.45%,
3/19/27
..
18,439
17,586
L1879422.UP.FTS.B,
25.49%,
3/19/27
....
1,616
1,554
FW1877902.UP.FTS.B,
26.21%,
3/19/27
..
17,436
2,562
FW1878560.UP.FTS.B,
28.77%,
3/19/27
..
4,488
4,231
FW1880356.UP.FTS.B,
28.86%,
3/19/27
..
2,142
2,035
FW1876796.UP.FTS.B,
29.31%,
3/19/27
..
19,004
2,620
FW1878756.UP.FTS.B,
30.15%,
3/19/27
..
3,627
252
FW1876491.UP.FTS.B,
30.62%,
3/19/27
..
5,444
5,416
FW1880852.UP.FTS.B,
31.2%,
3/19/27
...
2,556
2,432
FW1876421.UP.FTS.B,
26.08%,
3/27/27
..
4,800
4,780
FW1876680.UP.FTS.B,
30.74%,
4/03/27
..
2,921
851
L1998298.UP.FTS.B,
13.53%,
4/08/27
....
3,705
3,659
L1993049.UP.FTS.B,
14.87%,
4/08/27
....
15,121
14,958
FW1995179.UP.FTS.B,
16.42%,
4/08/27
..
1,397
101
L1993881.UP.FTS.B,
16.54%,
4/08/27
....
17,992
1,285
L1993514.UP.FTS.B,
16.68%,
4/08/27
....
2,761
2,709
L1990886.UP.FTS.B,
17.65%,
4/08/27
....
5,538
5,453
L1991140.UP.FTS.B,
17.85%,
4/08/27
....
4,061
3,990
L1999227.UP.FTS.B,
17.88%,
4/08/27
....
15,044
14,815
L1989102.UP.FTS.B,
19.31%,
4/08/27
....
8,901
8,777
L1990660.UP.FTS.B,
20.07%,
4/08/27
....
9,336
1,282
FW1995724.UP.FTS.B,
22.43%,
4/08/27
..
11,535
11,372
FW1990668.UP.FTS.B,
22.76%,
4/08/27
..
6,227
(151)
L1990332.UP.FTS.B,
24.87%,
4/08/27
....
10,160
10,120
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW1995970.UP.FTS.B,
26.64%,
4/08/27
..
$
2,152
$
154
FW1993453.UP.FTS.B,
28.76%,
4/08/27
..
10,778
10,672
FW1996092.UP.FTS.B,
29.72%,
4/08/27
..
2,618
2,604
FW1998458.UP.FTS.B,
30.59%,
4/08/27
..
3,610
1,024
FW1988366.UP.FTS.B,
30.88%,
4/08/27
..
4,640
4,613
FW1990513.UP.FTS.B,
31.11%,
4/08/27
..
4,058
4,034
FW1995947.UP.FTS.B,
31.02%,
4/17/27
..
3,417
3,363
FW2073202.UP.FTS.B,
16.18%,
4/18/27
..
12,083
3,236
L2071747.UP.FTS.B,
16.81%,
4/18/27
....
5,085
366
L2074108.UP.FTS.B,
16.87%,
4/18/27
....
2,397
2,364
L2070593.UP.FTS.B,
17.59%,
4/18/27
....
16,537
16,350
L2074593.UP.FTS.B,
18.9%,
4/18/27
....
1,429
1,346
FW2071863.UP.FTS.B,
19.94%,
4/18/27
..
38,858
38,176
L2074730.UP.FTS.B,
20.02%,
4/18/27
....
4,116
4,061
L2069760.UP.FTS.B,
20.2%,
4/18/27
....
21,538
(1,195)
L2074432.UP.FTS.B,
21.97%,
4/18/27
....
2,216
2,212
FW2071024.UP.FTS.B,
22.22%,
4/18/27
..
18,621
5,279
FW2075442.UP.FTS.B,
22.23%,
4/18/27
..
6,220
6,138
FW2073821.UP.FTS.B,
23.18%,
4/18/27
..
6,019
5,969
FW2068660.UP.FTS.B,
25.77%,
4/18/27
..
4,209
3,997
L2072180.UP.FTS.B,
25.94%,
4/18/27
....
17,621
17,633
FW2072098.UP.FTS.B,
27.42%,
4/18/27
..
14,101
2,114
FW2075168.UP.FTS.B,
30.19%,
4/18/27
..
3,059
3,044
FW2069880.UP.FTS.B,
30.4%,
4/18/27
...
5,006
4,993
FW2075547.UP.FTS.B,
30.66%,
4/18/27
..
1,113
(166)
FW2074496.UP.FTS.B,
30.71%,
4/18/27
..
2,902
2,805
FW2072505.UP.FTS.B,
31.14%,
4/18/27
..
2,267
2,164
FW2069864.UP.FTS.B,
31.2%,
4/18/27
...
3,060
3,055
FW2075135.UP.FTS.B,
32.07%,
4/18/27
..
2,786
193
L2214144.UP.FTS.B,
11.27%,
5/09/27
....
6,958
6,869
L1410942.UP.FTS.B,
18.88%,
5/09/27
....
7,555
4,285
L2218508.UP.FTS.B,
20.09%,
5/09/27
....
4,873
2,858
L2217490.UP.FTS.B,
20.86%,
5/09/27
....
20,619
20,447
L2217932.UP.FTS.B,
21.91%,
5/09/27
....
11,384
11,175
FW2216167.UP.FTS.B,
23.76%,
5/09/27
..
5,484
1,562
L2198465.UP.FTS.B,
24.17%,
5/09/27
....
4,175
4,143
FW2217399.UP.FTS.B,
24.73%,
5/09/27
..
6,084
6,023
L2218678.UP.FTS.B,
25.2%,
5/09/27
....
1,973
279
L2216524.UP.FTS.B,
25.42%,
5/09/27
....
8,736
8,659
FW2214150.UP.FTS.B,
26.84%,
5/09/27
..
1,956
1,939
FW1410803.UP.FTS.B,
28.82%,
5/09/27
..
5,131
5,066
FW2214667.UP.FTS.B,
30.92%,
5/09/27
..
4,865
1,373
FW2218340.UP.FTS.B,
31.07%,
5/09/27
..
7,582
4,464
FW2217014.UP.FTS.B,
31.19%,
5/09/27
..
2,982
211
L2219210.UP.FTS.B,
12.38%,
5/10/27
....
4,154
89
L2218865.UP.FTS.B,
12.56%,
5/10/27
....
2,473
2,441
L2211511.UP.FTS.B,
12.64%,
5/10/27
....
43,888
23,187
FW2219474.UP.FTS.B,
13.95%,
5/10/27
..
8,865
8,763
L2221648.UP.FTS.B,
14.47%,
5/10/27
....
10,730
45
L2220695.UP.FTS.B,
14.81%,
5/10/27
....
3,955
3,908
L2221125.UP.FTS.B,
15.5%,
5/10/27
.....
1,633
1,613
L2219741.UP.FTS.B,
18.33%,
5/10/27
....
4,468
4,390
FW2218896.UP.FTS.B,
19.03%,
5/10/27
..
7,131
4,056
L2220633.UP.FTS.B,
20.25%,
5/10/27
....
11,994
869
L2220292.UP.FTS.B,
21.61%,
5/10/27
....
8,839
8,763
L2221731.UP.FTS.B,
23.05%,
5/10/27
....
5,327
5,296
L2222302.UP.FTS.B,
24.68%,
5/10/27
....
4,135
4,110
L2219046.UP.FTS.B,
24.89%,
5/10/27
....
5,465
5,425
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
268
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2222197.UP.FTS.B,
25.16%,
5/10/27
....
$
2,418
$
174
FW2220337.UP.FTS.B,
25.2%,
5/10/27
...
3,486
988
FW2220729.UP.FTS.B,
27.41%,
5/10/27
..
7,759
548
L2219250.UP.FTS.B,
27.55%,
5/10/27
....
21,046
20,912
FW2219943.UP.FTS.B,
28.3%,
5/10/27
...
9,868
9,813
FW2221942.UP.FTS.B,
29.08%,
5/10/27
..
16,999
(1,575)
FW2218780.UP.FTS.B,
29.8%,
5/10/27
...
4,760
2,813
FW2222345.UP.FTS.B,
30.23%,
5/10/27
..
2,987
2,938
FW2220084.UP.FTS.B,
30.41%,
5/10/27
..
1,673
1,664
FW2219236.UP.FTS.B,
30.82%,
5/10/27
..
1,788
1,777
FW2216510.UP.FTS.B,
30.91%,
5/10/27
..
6,236
850
FW2219211.UP.FTS.B,
31.11%,
5/10/27
..
3,983
3,942
FW2219137.UP.FTS.B,
32.32%,
5/10/27
..
6,339
6,283
L2222173.UP.FTS.B,
23.88%,
5/14/27
....
12,254
12,148
FW1613781.UP.FTS.B,
20.91%,
6/24/27
..
155
153
L1617729.UP.FTS.B,
24.84%,
6/24/27
....
2,175
639
FW1620587.UP.FTS.B,
20.68%,
6/25/27
..
45,069
44,505
FW1705037.UP.FTS.B,
26.99%,
7/13/27
..
1,573
1,546
L1879796.UP.FTS.B,
25.24%,
8/19/27
....
2,354
2,214
L1988413.UP.FTS.B,
19.1%,
9/08/27
....
1,360
1,343
L1996074.UP.FTS.B,
24%,
9/08/27
......
10,822
6,364
FW1992674.UP.FTS.B,
30.71%,
9/08/27
..
1,590
1,561
L2074857.UP.FTS.B,
16.11%,
9/18/27
....
15,838
15,679
FW2072528.UP.FTS.B,
30.61%,
9/18/27
..
1,550
1,536
L2217220.UP.FTS.B,
24.27%,
10/09/27
...
4,602
4,563
FW2217284.UP.FTS.B,
26.82%,
10/09/27
.
3,937
3,876
FW2216935.UP.FTS.B,
30.07%,
10/09/27
.
1,044
1,033
L2221415.UP.FTS.B,
11.88%,
10/10/27
...
5,008
4,943
FW2221749.UP.FTS.B,
30.5%,
10/10/27
..
999
994
L1700175.UP.FTS.B,
15.87%,
9/13/28
....
12,496
12,425
L1703901.UP.FTS.B,
26.94%,
9/13/28
....
8,481
8,509
L2074618.UP.FTS.B,
27.13%,
4/18/29
....
3,305
3,294
8,138,748
Total
Marketplace
Loans
(Cost
$61,650,718)
....
$54,695,072
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2023
Franklin
Total
Return
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
269
At
July
31,
2023,
the
Fund
had
the
following futures
contracts
outstanding.
At
July
31,
2023,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
Futures
Contracts
Description
Type
Number
of
Contracts
Notional
Amount
*
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Interest
rate
contracts
U.S.
Treasury
10
Year
Notes
....................
Short
22
$
2,450,938
9/20/23
$
25,924
U.S.
Treasury
10
Year
Ultra
Notes
................
Short
468
54,748,688
9/20/23
904,382
U.S.
Treasury
2
Year
Notes
.....................
Long
1,612
327,286,375
9/29/23
(3,047,648)
U.S.
Treasury
5
Year
Notes
.....................
Long
3,019
322,490,525
9/29/23
(6,839,153)
U.S.
Treasury
Long
Bonds
.....................
Long
72
8,959,500
9/20/23
(171,107)
Total
Futures
Contracts
......................................................................
$(9,127,602)
*
As
of
period
end.
Forward
Exchange
Contracts
Currency
Counter-
party
a
Type
Quantity
Contract
Amount
*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
Euro
.............
JPHQ
Buy
55,131,000
60,201,509
8/28/23
$
573,408
$
(67,346)
Euro
.............
JPHQ
Sell
85,904,000
93,087,447
8/28/23
—
(1,505,853)
Japanese
Yen
......
JPHQ
Buy
1,145,000,000
8,047,602
10/10/23
89,690
—
Total
Forward
Exchange
Contracts
...................................................
$663,098
$(1,573,199)
Net
unrealized
appreciation
(depreciation)
............................................
$(910,101)
*
In
U.S.
dollars
unless
otherwise
indicated.
a
May
be
comprised
of
multiple
contracts
with
the
same
counterparty,
currency
and
settlement
date.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
270
At
July
31,
2023,
the
Fund
had
the
following credit
default
swap
contracts outstanding.
Credit
Default
Swap
Contracts
Description
Periodic
Payment
Rate
Received
(Paid)
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Amount
(a)
Value
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
Rating
(b)
Centrally
Cleared
Swap
Contracts
Contracts
to
Buy
Protection
(c)
Traded
Index
CDX.NA.EM.38
.
(1.00)%
Quarterly
12/20/27
19,435,000
$
599,748
$
1,361,745
$
(761,997)
CDX.NA.HY.40
.
(5.00)%
Quarterly
6/20/28
215,985,000
(8,848,236)
(1,079,736)
(7,768,500)
Total
Centrally
Cleared
Swap
Contracts
.....................................
$(8,248,488)
$282,009
$(8,530,497)
OTC
Swap
Contracts
Contracts
to
Sell
Protection
(c)(d)
Single
Name
Carnival
Corp.
..
1.00%
Quarterly
CITI
6/20/27
12,580,000
(1,219,038)
(1,772,045)
553,007
B-
Traded
Index
(e)
BNP
Paribas
Bespoke
Haverhill
Index,
Mezzanine
Tranche
5-10%
4.10%
Quarterly
BNDP
12/20/23
4,250,000
EUR
41,188
—
41,188
Non-
Investment
Grade
CDX.NA.HY.31
.
5.00%
Quarterly
CITI
12/20/23
40,000,000
996,056
(432,967)
1,429,023
Non-
Investment
Grade
CDX.NA.HY.33
.
5.00%
Quarterly
CITI
12/20/24
37,700,000
611,829
(124,960)
736,789
Non-
Investment
Grade
CDX.NA.IG.31
..
1.00%
Quarterly
CITI
12/20/23
13,900,000
(152,880)
(151,514)
(1,366)
Investment
Grade
(e)
Citibank
Bespoke
Kenai
Index,
Equity
Tranche
0-5%
—%
Quarterly
CITI
12/20/23
28,800,000
(7,798,785)
(1,707,678)
(6,091,107)
Non-
Investment
Grade
(e)
Citibank
Bespoke
Rotorua
Index,
Mezzanine
Tranche
5-10%
3.60%
Quarterly
CITI
12/20/23
8,300,000
59,375
—
59,375
Non-
Investment
Grade
MCDX.
NA.MAIN.31
.
1.00%
Quarterly
CITI
12/20/23
2,325,000
7,709
1,818
5,891
Investment
Grade
Total
OTC
Swap
Contracts
..............................................
$(7,454,546)
$(4,187,346)
$(3,267,200)
Total
Credit
Default
Swap
Contracts
....................................
$(15,703,034)
$
(3,905,337)
$(11,797,697)
(a)
In
U.S.
dollars
unless
otherwise
indicated.
For
contracts
to
sell
protection,
the
notional
amount
is
equal
to
the
maximum
potential
amount
of
the
future
payments
and
no
recourse
provisions
have
been
entered
into
in
association
with
the
contracts.
(b)
Based
on
Standard
and
Poor's
(S&P)
Rating
for
single
name
swaps
and
internal
ratings
for
index
swaps.
Internal
ratings
based
on
mapping
into
equivalent
ratings
from
external
vendors.
(c)
Performance
triggers
for
settlement
of
contract
include
default,
bankruptcy
or
restructuring
for
single
name
swaps,
and
failure
to
pay
or
bankruptcy
of
the
underlying
securities
for
traded
index
swaps.
(d)
The
fund
enters
contracts
to
sell
protection
to
create
a
long
credit
position.
(e)
Represents
a
custom
index
comprised
of
a
basket
of
underlying
instruments.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
271
At
July
31,
2023,
the
Fund
had
the
following interest
rate swap
contracts
outstanding.
At
July
31,
2023,
the
Fund
had
the
following total
return
swap
contracts
outstanding.
See
A
bbreviations
on
page
286
.
Interest
Rate
Swap
Contracts
Description
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Amount
*
Value
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
aa
aa
aa
aa
Centrally
Cleared
Swap
Contracts
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
1.924%
...
Annual
8/12/27
34,300,000
$
3,527,584
$
2,276
$
3,525,308
Total
Interest
Rate
Swap
Contracts
...............................
$3,527,584
$
2,276
$3,525,308
*
In
U.S.
dollars
unless
otherwise
indicated.
Total
Return
Swap
Contracts
Underlying
Instruments
Financing
Rate
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Value
*
Value/
Unrealized
Appreciation
(Depreciation)
OTC
Swap
Contracts
Short
(a)
Markit
iBoxx
USD
Liquid
Leveraged
Loans
Total
Return
Index
...........................
1-day
SOFR
Quarterly
MSCO
9/20/23
52,550,000
$
(1,420,549)
Total
Return
Swap
Contracts
....................................................................
$(1,420,549)
*
In
U.S.
dollars
unless
otherwise
indicated.
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
272
Quarterly
Schedules
of
Investments
1.
Organization
Franklin
Investors
Securities
Trust (Trust)
is
registered
under
the
Investment
Company
Act
of
1940
(1940
Act)
as
an
open-end
management
investment
company,
consisting
of seven
separate
funds
(Funds).
The
Funds
follow
the
accounting
and
reporting
guidance
in
Financial
Accounting
Standards
Board
(FASB)
Accounting
Standards
Codification
Topic
946,
Financial
Services
–
Investment
Companies
(ASC
946)
and
apply
the
specialized
accounting
and
reporting
guidance
in
U.S.
Generally
Accepted
Accounting
Principles
(U.S.
GAAP),
including,
but
not
limited
to,
ASC
946.
Effective
March
1,
2023,
Franklin
Adjustable
U.S.
Government
Securities
Fund
was
renamed
Franklin
Low
Duration
U.S.
Government
Securities
Fund.
2. Financial
Instrument
Valuation
The
Funds’
investments
in
financial
instruments
are
carried
at
fair
value
daily.
Fair
value
is
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
on
the
measurement
date.
The
Funds
calculate
the
net
asset
value
(NAV)
per
share
each
business
day
as
of
4
p.m.
Eastern
time
or
the
regularly
scheduled
close
of
the
New
York
Stock
Exchange
(NYSE),
whichever
is
earlier.
Under
compliance
policies
and
procedures
approved
by
the
Trust’s
Board
of
Trustees
(the
Board),
the
Board
has
designated
the
Funds'
investment
manager
as
the
valuation
designee
and
has
responsibility
for
oversight
of
valuation.
The
investment
manager
is
assisted
by
the
Funds'
administrator
in
performing
this
responsibility,
including
leading
the
cross-functional
Valuation
Committee
(VC).
The
Funds
may
utilize
independent
pricing
services,
quotations
from
securities
and
financial
instrument
dealers,
and
other
market
sources
to
determine
fair
value.
Equity
securities,
exchange
traded
funds,
and
derivative
financial
instruments
listed
on
an
exchange
or
on
the
NASDAQ
National
Market
System
are
valued
at
the
last
quoted
sale
price
or
the
official
closing
price
of
the
day,
respectively.
Foreign
equity
securities
are
valued
as
of
the
close
of
trading
on
the
foreign
stock
exchange
on
which
the
security
is
primarily
traded
or
as
of
4
p.m.
Eastern
time.
The
value
is
then
converted
into
its
U.S.
dollar
equivalent
at
the
foreign
exchange
rate
in
effect
at
4
p.m. Eastern
time
on
the
day
that
the
value
of
the
security
is
determined.
Over-the-counter
(OTC)
securities
are
valued
within
the
range
of
the
most
recent
quoted
bid
and
ask
prices.
Securities
that
trade
in
multiple
markets
or
on
multiple
exchanges
are
valued
according
to
the
broadest
and
most
representative
market.
Certain
equity
securities
are
valued
based
upon
fundamental
characteristics
or
relationships
to
similar
securities.
Debt
securities
generally
trade
in
the
OTC
market
rather
than
on
a
securities
exchange.
The
Funds’
pricing
services
use
multiple
valuation
techniques
to
determine
fair
value.
In
instances
where
sufficient
market
activity
exists,
the
pricing
services
may
utilize
a
market-based
approach
through
which
quotes
from
market
makers
are
used
to
determine
fair
value.
In
instances
where
sufficient
market
activity
may
not
exist
or
is
limited,
the
pricing
services
also
utilize
proprietary
valuation
models
which
may
consider
market
characteristics
such
as
benchmark
yield
curves,
credit
spreads,
estimated
default
rates,
anticipated
market
interest
rate
volatility,
coupon
rates,
anticipated
timing
of
principal
repayments,
underlying
collateral,
and
other
unique
security
features
in
order
to
estimate
the
relevant
cash
flows,
which
are
then
discounted
to
calculate
the
fair
value.
Securities
denominated
in
a
foreign
currency
are
converted
into
their
U.S.
dollar
equivalent
at
the
foreign
exchange
rate
in
effect
at
4
p.m.
Eastern
time
on
the
date
that
the
values
of
the
foreign
debt
securities
are
determined.
Investments
in
open-end
mutual
funds
are
valued
at
the
closing
NAV.
Investments
in
repurchase
agreements
are
valued
at
cost,
which
approximates
fair
value.
Certain
derivative
financial
instruments
are
centrally
cleared
or
trade
in
the
OTC
market.
The
Funds’
pricing
services
use
various
techniques
including
industry
standard
option
pricing
models
and
proprietary
discounted
cash
flow
models
to
determine
the
fair
value
of
those
instruments.
The
Funds’ net
benefit
or
obligation
under
the
derivative
contract,
as
measured
by
the
fair
value
of
the
contract,
is
included
in
net
assets.
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
273
Quarterly
Schedules
of
Investments
The
Funds
have procedures
to
determine
the
fair
value
of
financial
instruments
for
which
market
prices
are
not
reliable
or
readily
available.
Under
these
procedures,
the
Funds
primarily employ
a
market-based
approach
which
may
use
related
or
comparable
assets
or
liabilities,
recent
transactions,
market
multiples,
and
other
relevant
information
for
the
investment
to
determine
the
fair
value
of
the
investment.
An
income-based
valuation
approach
may
also
be
used
in
which
the
anticipated
future
cash
flows
of
the
investment
are
discounted
to
calculate
fair
value.
Discounts
may
also
be
applied
due
to
the
nature
or
duration
of
any
restrictions
on
the
disposition
of
the
investments.
Due
to
the
inherent
uncertainty
of
valuations
of
such
investments,
the
fair
values
may
differ
significantly
from
the
values
that
would
have
been
used
had
an
active
market
existed.
Trading
in
securities
on
foreign
securities
stock
exchanges
and
OTC
markets
may
be
completed
before
4
p.m.
Eastern
time.
In
addition,
trading
in
certain
foreign
markets
may
not
take
place
on
every
Funds’ business
day.
Events
can
occur
between
the
time
at
which
trading
in
a
foreign
security
is
completed
and
4
p.m.
Eastern
time
that
might
call
into
question
the
reliability
of
the
value
of
a
portfolio
security
held
by
the
Fund.
As
a
result,
differences
may
arise
between
the
value
of
the
Funds’
portfolio
securities
as
determined
at
the
foreign
market
close
and
the
latest
indications
of
value
at
4
p.m.
Eastern
time.
In
order
to
minimize
the
potential
for
these
differences,
an
independent
pricing
service
may
be
used
to
adjust
the
value
of
the
Funds'
portfolio
securities
to
the
latest
indications
of
fair
value
at 4
p.m.
Eastern
time.
At
July
31,
2023,
certain
securities
may
have
been
fair
valued
using
these
procedures,
in
which
case
the
securities
were
categorized
as
Level
2
within
the
fair
value
hierarchy
(referred
to
as
"market
level
fair
value").
See
the
Fair
Value
Measurements
note
for
more
information.
When
the
last
day
of
the
reporting
period
is
a
non-business
day,
certain
foreign
markets
may
be
open
on
those
days
that
the
Funds’
NAV
is
not
calculated,
which
could
result
in
differences
between
the
value
of
the
Funds’
portfolio securities
on
the
last
business
day
and
the
last
calendar
day
of
the
reporting
period.
Any
security
valuation
changes
due
to
an
open
foreign
market
are
adjusted
and
reflected
by
the
Funds for
financial
reporting
purposes.
3.
Restricted
Securities
At
July
31,
2023,
investments
in
restricted
securities,
excluding
securities
exempt
from
registration
under
the
Securities
Act
of
1933
Act,
were
as
follows:
Shares
Issuer
Acquisition
Date
Cost
Value
Franklin
Low
Duration
Total
Return
Fund
12,326,925
a
K2016470219
South
Africa
Ltd.,
A
...............
4/15/13
–
2/01/17
$
92,077
$
—
1,226,701
a
K2016470219
South
Africa
Ltd.,
B
...............
2/01/17
911
—
Total
Restricted
Securities
(Value
is
—%
of
Net
Assets)
..............
$92,988
$—
Shares
Issuer
Acquisition
Date
Cost
Value
Franklin
Total
Return
Fund
28,762,824
a
K2016470219
South
Africa
Ltd.,
A
...............
4/15/13
-
2/01/17
$
221,469
$
—
2,862,311
a
K2016470219
South
Africa
Ltd.,
B
...............
2/01/17
2,125
—
Total
Restricted
Securities
(Value
is
—%
of
Net
Assets)
..............
$223,594
$—
a
The
Fund
also
invests
in
unrestricted
securities
of
the
issuer,
valued
at
$
0
as
of
July
31,
202
3
.
2. Financial
Instrument
Valuation
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
274
Quarterly
Schedules
of
Investments
4.
Unfunded
Loan
Commitments
Certain
or
all
Funds
enter
into
certain
credit
agreements,
all
or
a
portion
of
which
may
be
unfunded.
The
Funds
are
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
Schedules
of
Investments.
At
July
31,
2023,
unfunded
commitments
were
as
follows:
5.
Holding
of
5%
Voting
Securities
of
Portfolio
Companies
The
1940
Act
defines
"affiliated
companies"
to
include
investments
in
portfolio
companies
in
which
a
fund
owns
5%
or
more
of
the
outstanding
voting
securities.
Additionally,
as
defined
in
the
1940
Act,
an
investment
is
deemed
to
be
a
“Controlled
Affiliate”
of
a
fund
when
a
fund
owns,
either
directly
or
indirectly,
25%
or
more
of
the
affiliated
companies’
outstanding
shares
or
has
the
power
to
exercise
control
over
management
or
policies
of
such
company.
During
the
period
ended
July
31,
2023,
investments
in
“affiliated
companies”
were
as
follows:
Borrower
Unfunded
Commitment
Franklin
Floating
Rate
Daily
Access
Fund
athenahealth
Group,
Inc.
$
1,619,052
$
1,619,052
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares/Warrants
Held
at
End
of
Period
Investment
Income
Franklin
Convertible
Securities
Fund
Non-Controlled
Affiliates
Dividends
NiSource,
Inc.,
7.75%
..
$
45,886,500
$
—
$
—
$
—
$
459,000
$
46,345,500
450,000
$
2,615,625
Total
Affiliated
Securities
(Value
is
1.6%
of
Net
Assets)
..........
$45,886,500
$—
$—
$—
$459,000
$46,345,500
$2,615,625
Franklin
Floating
Rate
Daily
Access
Fund
Non-Controlled
Affiliates
Dividends
Onsite
Rental
Group
Operations
Pty
Ltd
..
—
1,187,441
a
—
—
(12,594)
1,174,847
11,563,612
—
Quarternorth
Energy
Holding,
Inc
.......
45,425,981
12,703,712
a
(10,212,712)
a
—
6,615,404
54,532,385
475,746
3,055,415
Quarternorth
Energy
Holding,
Inc.,
2/01/49
12,932,116
—
(12,703,712)
a
—
(228,404)
—
b
—
—
UTEX
Industries,
Inc
..
17,901,790
—
—
—
(566,193)
17,335,597
261,340
—
UTEX
Industries,
Inc.,
2/20/49
..........
6,469
—
—
—
(5,342)
1,127
634
—
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
275
Quarterly
Schedules
of
Investments
6.
Investments
in
Affiliated
Management
Investment
Companies
Certain
or
all
Funds
invest
in
one
or
more
affiliated
management
investment
companies.
As
defined
in
the
1940
Act,
an
investment
is
deemed
to
be
a
“Controlled
Affiliate”
of
a
fund
when
a
fund
owns,
either
directly
or
indirectly,
25%
or
more
of
the
affiliated
fund’s
outstanding
shares
or
has
the
power
to
exercise
control
over
management
or
policies
of
such
fund.
The
Funds
do
not
invest
for
purposes
of
exercising
a
controlling
influence
over
the
management
or
policies.
During
the
period
ended
July
31,
2023,
investments
in
affiliated
management
investment
companies
were
as
follows:
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares/Warrants
Held
at
End
of
Period
Investment
Income
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
Non-Controlled
Affiliates
Interest
Quarternorth
Energy
Holding,
Inc.,
Second
Lien,
Initial
New
Term
Loan,
9%,
(3-month
USD
LIBOR
+
8%),
8/27/26
..........
$
13,677,997
$
—
$
(13,706,542)
$
13,706,542
$
(13,677,997)
$
—
b
—
$
334,086
Total
Affiliated
Securities
(Value
is
5.8%
of
Net
Assets)
..........
$89,944,353
$13,891,153
$(36,622,966)
$13,706,542
$(7,875,126)
$73,043,956
$3,389,501
a
May
include
accretion,
amortization,
partnership
adjustments,
and/or
corporate
actions.
b
As
of
July
31,
2023,
no
longer
held
by
the
fund.
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
Convertible
Securities
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
$32,225,199
$792,949,543
$(619,733,297)
$—
$—
$205,441,445
205,441,445
$3,304,919
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
$16,573,000
$48,231,000
$(64,804,000)
$—
$—
$—
—
$181,602
Total
Affiliated
Securities
...
$48,798,199
$841,180,543
$(684,537,297)
$—
$—
$205,441,445
$3,486,521
Franklin
Equity
Income
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
$130,310,388
$488,362,055
$(504,704,284)
$—
$—
$113,968,159
113,968,159
$3,941,049
5.
Holding
of
5%
Voting
Securities
of
Portfolio
Companies
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
276
Quarterly
Schedules
of
Investments
aa
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares
Held
at
End
of
Period
Investment
Income
Franklin
Equity
Income
Fund
(continued)
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
$—
$1,556,000
$(1,556,000)
$—
$—
$—
—
$205
Total
Affiliated
Securities
...
$130,310,388
$489,918,055
$(506,260,284)
$—
$—
$113,968,159
$3,941,254
Franklin
Floating
Rate
Daily
Access
Fund
Non-Controlled
Affiliates
Dividends
Franklin
Floating
Rate
Income
Fund
..................
$34,911,058
$—
$(7,716,275)
$(1,951,156)
$3,824,149
$29,067,776
3,647,149
$2,061,423
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
50,484,450
131,439,922
(118,310,130)
—
—
63,614,242
63,614,242
1,736,716
Total
Non-Controlled
Affiliates
$85,395,508
$131,439,922
$(126,026,405)
$
(1,951,156)
$
3,824,149
$92,682,018
$
3,798,139
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
$18,000
$50,907,000
$(50,925,000)
$—
$—
$—
—
$99,852
Total
Affiliated
Securities
...
$85,413,508
$182,346,922
$(176,951,405)
$(1,951,156)
$3,824,149
$92,682,018
$3,897,991
Franklin
Low
Duration
Total
Return
Fund
Controlled
Affiliates
Dividends
Franklin
Floating
Rate
Income
Fund
..................
$125,894,626
$—
$(28,425,700)
$(3,350,305)
$9,984,722
$104,103,343
13,061,900
$7,200,432
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
$15,610,140
$232,920,887
$(207,661,946)
$—
$—
$40,869,081
40,869,081
$1,286,513
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
$—
$4,992,000
$(4,992,000)
$—
$—
$—
—
$1,261
Total
Affiliated
Securities
...
$141,504,766
$237,912,887
$(241,079,646)
$(3,350,305)
$9,984,722
$144,972,424
$8,488,206
6.
Investments
in
Affiliated
Management
Investment
Companies
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
277
Quarterly
Schedules
of
Investments
aa
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares
Held
at
End
of
Period
Investment
Income
Franklin
Low
Duration
U.S.
Government
Securities
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
$22,050,458
$149,911,832
$(165,647,838)
$—
$—
$6,314,452
6,314,452
$328,151
Total
Affiliated
Securities
...
$22,050,458
$149,911,832
$(165,647,838)
$—
$—
$6,314,452
$328,151
Franklin
Managed
Income
Fund
Controlled
Affiliates
Dividends
Franklin
U.S.
Low
Volatility
ETF
$39,259,172
$—
$(3,738,463)
$809,863
$2,841,028
$39,171,600
780,000
$448,414
Non-Controlled
Affiliates
Dividends
Franklin
FTSE
United
Kingdom
ETF
...................
$26,243,750
$—
$(26,699,013)
$(1,132,862)
$1,588,125
$—
—
$—
Franklin
Systematic
Style
Premia
ETF
...................
25,286,000
—
(11,337,082)
(2,304,080)
2,423,962
14,068,800
640,000
515,592
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
7,831,637
785,736,187
(781,135,193)
—
—
12,432,631
12,432,631
1,321,508
Western
Asset
Diversified
Income
Fund
.............
3,105,000
3,317,407
—
—
490,082
6,912,489
500,905
554,079
Total
Non-Controlled
Affiliates
$62,466,387
$789,053,594
$(819,171,288)
$
(3,436,942)
$
4,502,169
$33,413,920
$
2,391,179
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
$9,298,000
$56,126,000
$(65,424,000)
$—
$—
$—
—
$186,391
Total
Affiliated
Securities
...
$111,023,559
$845,179,594
$(888,333,751)
$(2,627,079)
$7,343,197
$72,585,520
$3,025,984
Franklin
Total
Return
Fund
Controlled
Affiliates
Dividends
Franklin
Floating
Rate
Income
Fund
..................
$133,533,045
$—
$(28,503,900)
$(415,042)
$7,483,572
$112,097,675
14,064,953
$7,674,042
Franklin
Investment
Grade
Corporate
ETF
...........
322,806,000
—
—
—
17,666,000
340,472,000
16,060,000
8,786,972
Total
Controlled
Affiliates
...
$456,339,045
$—
$(28,503,900)
$
(415,042)
$
25,149,572
$452,569,675
$
16,461,014
Non-Controlled
Affiliates
Dividends
Franklin
Senior
Loan
ETF
....
$40,168,688
$—
$—
$—
$1,737,400
$41,906,088
1,737,400
$2,581,005
6.
Investments
in
Affiliated
Management
Investment
Companies
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
278
Quarterly
Schedules
of
Investments
7. Fair
Value
Measurements
The
Funds
follow
a
fair
value
hierarchy
that
distinguishes
between
market
data
obtained
from
independent
sources
(observable
inputs)
and
the
Funds'
own
market
assumptions
(unobservable
inputs).
These
inputs
are
used
in
determining
the
value
of
the
Funds’
financial
instruments
and
are
summarized
in
the
following
fair
value
hierarchy:
• Level
1
–
quoted
prices
in
active
markets
for
identical
financial
instruments
• Level
2
–
other
significant
observable
inputs
(including
quoted
prices
for
similar
financial
instruments,
interest
rates,
prepayment
speed,
credit
risk,
etc.)
• Level
3
–
significant
unobservable
inputs
(including
the
Funds'
own
assumptions
in
determining
the
fair
value
of
financial
instruments)
The
input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level.
A
summary
of
inputs
used
as
of
July
31,
2023,
in
valuing
the
Funds’
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
Franklin
Total
Return
Fund
(continued)
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
44,800,650
726,101,968
(719,420,665)
—
—
51,481,953
51,481,953
1,717,379
Total
Non-Controlled
Affiliates
$84,969,338
$726,101,968
$(719,420,665)
$
—
$
1,737,400
$93,388,041
$
4,298,384
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.842%
$2,006,000
$4,589,000
$(6,595,000)
$—
$—
$—
—
$6,923
Total
Affiliated
Securities
...
$543,314,383
$730,690,968
$(754,519,565)
$(415,042)
$26,886,972
$545,957,716
$20,766,321
Level
1
Level
2
Level
3
Total
Franklin
Convertible
Securities
Fund
Assets:
Investments
in
Securities:
a
Common
Stocks
.........................
$
124,132,010
$
—
$
—
$
124,132,010
Convertible
Preferred
Stocks
................
236,098,700
—
—
236,098,700
Convertible
Bonds
.......................
—
2,319,407,168
—
2,319,407,168
Short
Term
Investments
...................
205,441,445
—
—
205,441,445
Total
Investments
in
Securities
...........
$565,672,155
$2,319,407,168
$—
$2,885,079,323
Franklin
Equity
Income
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Aerospace
&
Defense
...................
118,144,820
—
—
118,144,820
Air
Freight
&
Logistics
...................
89,822,400
—
—
89,822,400
Banks
...............................
272,376,700
—
—
272,376,700
6.
Investments
in
Affiliated
Management
Investment
Companies
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
279
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Equity
Income
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
Common
Stocks:
Beverages
...........................
$
136,716,380
$
—
$
—
$
136,716,380
Capital
Markets
........................
280,033,725
—
—
280,033,725
Chemicals
...........................
21,285,550
27,076,025
—
48,361,575
Commercial
Services
&
Supplies
...........
7,555,500
—
—
7,555,500
Communications
Equipment
..............
82,743,600
—
—
82,743,600
Consumer
Finance
.....................
9,288,400
—
—
9,288,400
Consumer
Staples
Distribution
&
Retail
......
91,082,350
—
—
91,082,350
Diversified
Telecommunication
Services
.....
8,173,305
—
—
8,173,305
Electric
Utilities
........................
170,262,450
—
—
170,262,450
Electrical
Equipment
....................
75,185,400
—
—
75,185,400
Electronic
Equipment,
Instruments
&
Components
........................
11,694,435
—
—
11,694,435
Financial
Services
......................
82,935,650
—
—
82,935,650
Food
Products
........................
36,879,675
—
—
36,879,675
Ground
Transportation
..................
45,666,845
—
—
45,666,845
Health
Care
Equipment
&
Supplies
.........
151,312,334
—
—
151,312,334
Health
Care
Providers
&
Services
..........
141,745,840
—
—
141,745,840
Health
Care
REITs
.....................
39,184,850
—
—
39,184,850
Hotels,
Restaurants
&
Leisure
.............
44,713,000
—
—
44,713,000
Household
Products
....................
110,191,500
—
—
110,191,500
Industrial
REITs
.......................
8,420,625
—
—
8,420,625
Insurance
............................
7,518,000
—
—
7,518,000
Life
Sciences
Tools
&
Services
............
78,379,160
—
—
78,379,160
Machinery
............................
44,267,975
—
—
44,267,975
Media
...............................
43,902,200
—
—
43,902,200
Oil,
Gas
&
Consumable
Fuels
.............
378,986,700
—
—
378,986,700
Pharmaceuticals
.......................
221,220,750
—
—
221,220,750
Residential
REITs
......................
43,401,400
—
—
43,401,400
Semiconductors
&
Semiconductor
Equipment
.
127,655,550
—
—
127,655,550
Software
.............................
93,197,850
—
—
93,197,850
Specialty
Retail
........................
78,493,634
—
—
78,493,634
Trading
Companies
&
Distributors
..........
21,421,748
—
—
21,421,748
Water
Utilities
.........................
27,120,323
—
—
27,120,323
Equity-Linked
Securities
...................
—
371,769,097
—
371,769,097
Convertible
Preferred
Stocks
................
60,082,450
—
—
60,082,450
Short
Term
Investments
...................
113,968,159
—
—
113,968,159
Total
Investments
in
Securities
...........
$3,375,031,233
$398,845,122
b
$—
$3,773,876,355
Franklin
Floating
Rate
Daily
Access
Fund
Assets:
Investments
in
Securities:
a
Common
Stocks
.........................
—
71,909,142
—
71,909,142
Management
Investment
Companies
:
Capital
Markets
........................
5,888,736
29,067,776
—
34,956,512
Preferred
Stocks
.........................
—
17,042
—
17,042
Warrants
...............................
—
—
1,127
1,127
Corporate
Bonds
........................
—
73,417,257
—
73,417,257
Senior
Floating
Rate
Interests
...............
—
1,032,306,816
—
1,032,306,816
Asset-Backed
Securities
...................
—
9,312,616
—
9,312,616
Escrows
and
Litigation
Trusts
...............
—
—
1,174,847
c
1,174,847
Short
Term
Investments
...................
63,614,242
6,659,891
—
70,274,133
Total
Investments
in
Securities
...........
$69,502,978
$1,222,690,540
$1,175,974
$1,293,369,492
7. Fair
Value
Measurements
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
280
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Floating
Rate
Daily
Access
Fund
(continued)
Liabilities:
Other
Financial
Instruments:
Unfunded
Loan
Commitments
...............
$—
$31,931
$—
$31,931
Total
Other
Financial
Instruments
.........
$—
$31,931
$—
$31,931
Franklin
Low
Duration
Total
Return
Fund
Assets:
Investments
in
Securities:
Common
Stocks
.........................
$
—
$
—
$
—
c
$
—
Management
Investment
Companies
.........
—
104,103,343
—
104,103,343
Corporate
Bonds
:
Aerospace
&
Defense
...................
—
14,971,589
—
14,971,589
Air
Freight
&
Logistics
...................
—
1,621,145
—
1,621,145
Automobile
Components
.................
—
1,135,186
—
1,135,186
Automobiles
..........................
—
7,059,044
—
7,059,044
Banks
...............................
—
209,055,995
—
209,055,995
Beverages
...........................
—
11,655,322
—
11,655,322
Biotechnology
.........................
—
12,047,924
—
12,047,924
Broadline
Retail
.......................
—
—
—
c
—
Capital
Markets
........................
—
64,926,246
—
64,926,246
Commercial
Services
&
Supplies
...........
—
3,987,770
—
3,987,770
Communications
Equipment
..............
—
817,300
—
817,300
Consumer
Finance
.....................
—
10,141,424
—
10,141,424
Consumer
Staples
Distribution
&
Retail
......
—
2,758,638
—
2,758,638
Diversified
Consumer
Services
............
—
1,798,350
—
1,798,350
Diversified
Telecommunication
Services
.....
—
22,142,718
—
22,142,718
Electric
Utilities
........................
—
31,455,680
—
31,455,680
Entertainment
.........................
—
18,602,912
—
18,602,912
Financial
Services
......................
—
10,250,253
973,791
11,224,044
Food
Products
........................
—
6,100,227
—
6,100,227
Health
Care
Equipment
&
Supplies
.........
—
8,188,762
—
8,188,762
Health
Care
Providers
&
Services
..........
—
22,339,975
—
22,339,975
Health
Care
REITs
.....................
—
6,055,323
—
6,055,323
Hotels,
Restaurants
&
Leisure
.............
—
5,559,808
—
5,559,808
Industrial
REITs
.......................
—
7,765,959
—
7,765,959
Insurance
............................
—
48,119,900
—
48,119,900
Interactive
Media
&
Services
..............
—
12,516,926
—
12,516,926
Life
Sciences
Tools
&
Services
............
—
4,861,004
—
4,861,004
Machinery
............................
—
4,617,420
—
4,617,420
Media
...............................
—
18,231,784
—
18,231,784
Metals
&
Mining
.......................
—
909,973
—
909,973
Multi-Utilities
..........................
—
6,148,684
—
6,148,684
Oil,
Gas
&
Consumable
Fuels
.............
—
43,971,475
—
43,971,475
Passenger
Airlines
.....................
—
4,845,853
—
4,845,853
Personal
Care
Products
.................
—
17,958,551
—
17,958,551
Pharmaceuticals
.......................
—
29,674,109
—
29,674,109
Real
Estate
Management
&
Development
....
—
650,644
—
650,644
Semiconductors
&
Semiconductor
Equipment
.
—
9,621,751
—
9,621,751
Specialized
REITs
......................
—
1,307,784
—
1,307,784
Specialty
Retail
........................
—
1,180,631
—
1,180,631
Technology
Hardware,
Storage
&
Peripherals
.
—
5,696,600
—
5,696,600
Tobacco
.............................
—
17,577,496
—
17,577,496
7. Fair
Value
Measurements
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
281
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Low
Duration
Total
Return
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
Corporate
Bonds:
Wireless
Telecommunication
Services
.......
$
—
$
7,179,078
$
—
$
7,179,078
Marketplace
Loans
.......................
—
—
61,083,084
61,083,084
Foreign
Government
and
Agency
Securities
....
—
50,225,327
—
50,225,327
U.S.
Government
and
Agency
Securities
.......
—
736,446,705
—
736,446,705
Asset-Backed
Securities
...................
—
365,155,689
—
365,155,689
Commercial
Mortgage-Backed
Securities
......
—
40,605,048
—
40,605,048
Mortgage-Backed
Securities
................
—
28,735,877
—
28,735,877
Municipal
Bonds
.........................
—
22,850,988
—
22,850,988
Residential
Mortgage-Backed
Securities
.......
—
93,937,501
—
93,937,501
Escrows
and
Litigation
Trusts
...............
—
42,750
—
c
42,750
Short
Term
Investments
...................
40,869,081
23,551,399
—
64,420,480
Total
Investments
in
Securities
...........
$40,869,081
$2,181,161,840
$62,056,875
$2,284,087,796
Other
Financial
Instruments:
Forward
exchange
contracts
...............
$—
$612,080
$—
$612,080
Futures
contracts
........................
2,991,337
—
—
2,991,337
Swap
contracts
.........................
—
1,476,157
—
1,476,157
Total
Other
Financial
Instruments
.........
$2,991,337
$2,088,237
$—
$5,079,574
Liabilities:
Other
Financial
Instruments:
Forward
exchange
contracts
................
$—
$1,205,980
$—
$1,205,980
Futures
contracts
........................
12,329,872
—
—
12,329,872
Swap
contracts
..........................
—
5,471,461
—
5,471,461
Total
Other
Financial
Instruments
.........
$12,329,872
$6,677,441
$—
$19,007,313
Franklin
Low
Duration
U.S.
Government
Securities
Fund
Assets:
Investments
in
Securities:
a
U.S.
Government
and
Agency
Securities
.......
—
62,174,014
—
62,174,014
Commercial
Mortgage-Backed
Securities
......
—
92,755,277
—
92,755,277
Mortgage-Backed
Securities
................
—
295,217,227
—
295,217,227
Short
Term
Investments
...................
6,314,452
—
—
6,314,452
Total
Investments
in
Securities
...........
$6,314,452
$450,146,518
$—
$456,460,970
Other
Financial
Instruments:
Futures
contracts
........................
$294,665
$—
$—
$294,665
Total
Other
Financial
Instruments
.........
$294,665
$—
$—
$294,665
Liabilities:
Other
Financial
Instruments:
Futures
contracts
........................
$
872,945
$
—
$
—
$
872,945
Total
Other
Financial
Instruments
.........
$872,945
$—
$—
$872,945
7. Fair
Value
Measurements
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
282
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Managed
Income
Fund
Assets:
Investments
in
Securities:
a
Common
Stocks
.........................
$
1,122,824,590
$
—
$
—
$
1,122,824,590
Management
Investment
Companies
.........
60,152,889
—
—
60,152,889
Equity-Linked
Securities
...................
—
273,800,225
—
273,800,225
Convertible
Preferred
Stocks
................
9,146,000
—
—
9,146,000
Corporate
Bonds
........................
—
2,023,282,793
—
2,023,282,793
U.S.
Government
and
Agency
Securities
.......
—
191,904,180
—
191,904,180
Asset-Backed
Securities
...................
—
14,297,631
—
14,297,631
Mortgage-Backed
Securities
................
—
998,980
—
998,980
Short
Term
Investments
...................
12,432,631
—
—
12,432,631
Total
Investments
in
Securities
...........
$1,204,556,110
$2,504,283,809
$—
$3,708,839,919
Other
Financial
Instruments:
Futures
contracts
........................
$617,040
$—
$—
$617,040
Total
Other
Financial
Instruments
.........
$617,040
$—
$—
$617,040
Liabilities:
Other
Financial
Instruments:
Options
written
..........................
$
1,577,500
$
—
$
—
$
1,577,500
Futures
contracts
........................
1,341,190
—
—
1,341,190
Total
Other
Financial
Instruments
.........
$2,918,690
$—
$—
$2,918,690
Franklin
Total
Return
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Broadline
Retail
.......................
—
—
—
c
—
Energy
Equipment
&
Services
.............
3,021,383
—
—
3,021,383
Management
Investment
Companies
:
Capital
Markets
........................
382,378,088
112,097,675
—
494,475,763
Preferred
Stocks
.........................
2,696,070
—
—
2,696,070
Corporate
Bonds
:
Aerospace
&
Defense
...................
—
16,932,502
—
16,932,502
Air
Freight
&
Logistics
...................
—
3,146,929
—
3,146,929
Banks
...............................
—
146,926,901
—
146,926,901
Beverages
...........................
—
4,972,331
—
4,972,331
Biotechnology
.........................
—
16,396,061
—
16,396,061
Broadline
Retail
.......................
—
—
—
c
—
Capital
Markets
........................
—
48,700,599
—
48,700,599
Chemicals
...........................
—
6,004,834
—
6,004,834
Consumer
Finance
.....................
—
11,686,422
—
11,686,422
Containers
&
Packaging
.................
—
5,897,472
—
5,897,472
Diversified
REITs
......................
—
3,508,177
—
3,508,177
Diversified
Telecommunication
Services
.....
—
10,282,326
—
10,282,326
Electric
Utilities
........................
—
50,954,278
—
50,954,278
Electrical
Equipment
....................
—
2,274,049
—
2,274,049
Electronic
Equipment,
Instruments
&
Components
........................
—
7,245,978
—
7,245,978
Financial
Services
......................
—
9,347,942
—
9,347,942
Food
Products
........................
—
18,816,166
—
18,816,166
Ground
Transportation
..................
—
1,547,925
—
1,547,925
Health
Care
Equipment
&
Supplies
.........
—
7,726,542
—
7,726,542
Health
Care
Providers
&
Services
..........
—
27,231,182
—
27,231,182
Health
Care
REITs
.....................
—
1,011,832
—
1,011,832
Hotels,
Restaurants
&
Leisure
.............
—
10,028,785
—
10,028,785
Insurance
............................
—
17,660,905
—
17,660,905
7. Fair
Value
Measurements
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
283
Quarterly
Schedules
of
Investments
A
reconciliation
in
which
Level
3
inputs
are
used
in
determining
fair
value
is
presented
when
there
are
significant
Level
3
assets
and/or
liabilities
at
the
beginning
and/or
end
of
the
period.
At
July
31,
2023,
the
reconciliations
are
as
follows:
Level
1
Level
2
Level
3
Total
Franklin
Total
Return
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
Corporate
Bonds:
Interactive
Media
&
Services
..............
$
—
$
18,508,070
$
—
$
18,508,070
Life
Sciences
Tools
&
Services
............
—
1,443,503
—
1,443,503
Media
...............................
—
28,147,337
—
28,147,337
Multi-Utilities
..........................
—
13,351,147
—
13,351,147
Oil,
Gas
&
Consumable
Fuels
.............
—
45,574,351
—
45,574,351
Paper
&
Forest
Products
.................
—
1,846,896
—
1,846,896
Passenger
Airlines
.....................
—
10,668,903
—
10,668,903
Personal
Care
Products
.................
—
22,011,132
—
22,011,132
Pharmaceuticals
.......................
—
15,142,031
—
15,142,031
Real
Estate
Management
&
Development
....
—
2,166,193
—
2,166,193
Specialty
Retail
........................
—
1,545,905
—
1,545,905
Technology
Hardware,
Storage
&
Peripherals
.
—
2,066,325
—
2,066,325
Tobacco
.............................
—
25,921,403
—
25,921,403
Wireless
Telecommunication
Services
.......
—
9,192,764
—
9,192,764
Marketplace
Loans
.......................
—
—
54,695,072
54,695,072
Foreign
Government
and
Agency
Securities
....
—
74,707,804
—
74,707,804
U.S.
Government
and
Agency
Securities
.......
—
932,766,212
—
932,766,212
Asset-Backed
Securities
...................
—
257,954,142
—
257,954,142
Commercial
Mortgage-Backed
Securities
:
Financial
Services
......................
—
45,699,840
953
45,700,793
Mortgage-Backed
Securities
................
—
867,673,929
—
867,673,929
Municipal
Bonds
.........................
—
125,647,406
—
125,647,406
Residential
Mortgage-Backed
Securities
.......
—
122,054,796
—
122,054,796
Escrows
and
Litigation
Trusts
...............
—
67,500
—
c
67,500
Short
Term
Investments
...................
51,481,953
—
—
51,481,953
Total
Investments
in
Securities
...........
$439,577,494
$3,164,555,402
$54,696,025
$3,658,828,921
Other
Financial
Instruments:
Forward
exchange
contracts
...............
$—
$663,098
$—
$663,098
Futures
contracts
........................
930,306
—
—
930,306
Swap
contracts
.........................
—
6,350,581
—
6,350,581
Total
Other
Financial
Instruments
.........
$930,306
$7,013,679
$—
$7,943,985
Liabilities:
Other
Financial
Instruments:
Forward
exchange
contracts
................
$—
$1,573,199
$—
$1,573,199
Swap
contracts
..........................
—
16,043,519
—
16,043,519
Futures
contracts
........................
10,057,908
—
—
10,057,908
Total
Other
Financial
Instruments
.........
$10,057,908
$17,616,718
$—
$27,674,626
a
For
detailed
categories,
see
the
accompanying
Schedule
of
Investments.
b
Includes
foreign
securities
valued
at
$27,076,025,
which
were
categorized
as
Level
2
as
a
result
of
the
application
of
market
level
fair
value
procedures.
See
the
Financial
Instrument
Valuation
note
for
more
information.
c
Includes
financial
instruments
determined
to
have
no
value.
7. Fair
Value
Measurements
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
284
Quarterly
Schedules
of
Investments
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
Floating
Rate
Daily
Access
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Ground
Transportation
.
$
—
c
$—
$—
c
$
—
$
—
$
—
$—
$
—
$
—
$
—
Warrants
:
Machinery
.........
6,469
—
—
—
—
—
—
(5,342)
1,127
(5,342)
Corporate
Bonds
:
Ground
Transportation
.
20,853,651
—
(23,918,701)
—
—
849,928
(3,483,606)
5,698,728
—
—
Escrows
and
Litigation
Trusts
:
—
c
1,187,441
—
—
—
—
—
(12,594)
1,174,847
c
(12,594)
Total
Investments
in
Securities
............
$20,860,120
$1,187,441
$(23,918,701)
$—
$—
$849,928
$(3,483,606)
$5,680,792
$1,175,974
$(17,936)
Franklin
Low
Duration
Total
Return
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Broadline
Retail
.....
—
c
—
—
—
—
—
—
—
—
c
—
Corporate
Bonds
:
Broadline
Retail
.....
—
c
—
—
—
—
—
—
—
—
c
—
Financial
Services
...
1,069,108
—
—
—
—
(10,372)
—
(84,945)
973,791
(84,945)
Marketplace
Loans
:
Financial
Services
...
72,551,959
70,131,828
(79,712,636)
—
—
—
(1,033,441)
(854,626)
61,083,084
(1,851,763)
Escrows
and
Litigation
Trusts
:
—
c
—
—
—
—
—
—
—
—
c
—
Total
Investments
in
Securities
............
$73,621,067
$70,131,828
$(79,712,636)
$—
$—
$(10,372)
$(1,033,441)
$(939,571)
$62,056,875
$(1,936,708)
Franklin
Total
Return
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Broadline
Retail
.....
—
c
—
—
—
—
—
—
—
—
c
—
Corporate
Bonds
:
Broadline
Retail
.....
—
c
—
—
—
—
—
—
—
—
c
—
Marketplace
Loans
:
Financial
Services
...
92,473,987
42,324,239
(78,392,380)
—
—
—
(2,652,980)
942,206
54,695,072
(2,284,239)
Commercial
Mortgage-
Backed
Securities
:
Financial
Services
...
2,790
—
(1,837)
—
—
—
83
(83)
953
—
Escrows
and
Litigation
Trusts
:
—
c
—
—
—
—
—
—
—
—
c
—
Total
Investments
in
Securities
............
$92,476,777
$42,324,239
$(78,394,217)
$—
$—
$—
$(2,652,897)
$942,123
$54,696,025
$(2,284,239)
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.
7. Fair
Value
Measurements
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
285
Quarterly
Schedules
of
Investments
Significant
unobservable
valuation
inputs
for
material
Level
3
assets
and/or
liabilities
and
impact
to
fair
value
as
a
result
of
changes
in
unobservable
valuation
inputs
as
of
July
31,
2023,
are
as
follows:
Description
Fair
Value
at
End
of
Period
Valuation
Technique
Unobservable
Inputs
Amount
/
Range
(Weighted
Average)
a
Impact
to
Fair
Value
if
Input
Increases
b
Franklin
Low
Duration
Total
Return
Fund
Assets:
Investments
in
Securities:
Marketplace
Loans:
Diversified
Financial
Services
$61,083,084
Discounted
cash
flow
Loss-adjusted
discount
rate
1.6%
-
19.1%
(9.4%)
Decrease
Projected
loss
rate
3.1%
-
48.2%
(15.4%)
Decrease
All
other
investments
..........
973,791
c,d
Total
.......................
$62,056,875
Franklin
Total
Return
Fund
Assets:
Investments
in
Securities:
Marketplace
Loans:
Diversified
Financial
Services
$54,695,072
Discounted
cash
flow
Loss-adjusted
discount
rate
2.8%
-
19.0%
(9.6%)
Decrease
Projected
loss
rate
1.7%
-
41.6%
(16.6%)
Decrease
All
other
investments
..........
953
c,d
Total
.......................
$54,696,025
a
Weighted
based
on
the
relative
fair
value
of
the
financial
instruments.
b
Represents
the
directional
change
in
the
fair
value
of
the
Level
3
financial
instruments
that
would
result
from
a
significant
and
reasonable
increase
in
the
corresponding
input.
A
significant
and
reasonable
decrease
in
the
input
would
have
the
opposite
effect.
Significant
increases
and
decreases
in
these
inputs
in
isolation
could
result
in
significantly
higher
or
lower
fair
value
measurements.
c
Includes
fair
value
of
immaterial
assets
and/or
liabilities
developed
using
various
valuation
techniques
and
unobservable
inputs.
May
also
include
values
derived
using
recent
transactions,
private
transaction
prices
or
non-public
third-party
pricing
information
which
is
unobservable.
d
Includes
financial
instruments
determined
to
have
no
value.
7. Fair
Value
Measurements
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
286
Quarterly
Schedules
of
Investments
Abbreviations
Counterparty
BNDP
BNP
Paribas
SA
CITI
Citibank
NA
JPHQ
JPMorgan
Chase
Bank
NA
MSCO
Morgan
Stanley
Currency
BRL
Brazilian
Real
EUR
Euro
JPY
Japanese
Yen
USD
United
States
Dollar
Index
CDX.NA.EM.
Series
number
CDX
North
America
Emerging
Markets
Index
CDX.NA.HY.Series
Number
CDX
North
America
High
Yield
Index
CDX.NA.IG.Series
Number
CDX
North
America
Investment
Grade
Index
MCDX.NA.
Series
number
MCDX
North
America
Index
Selected
Portfolio
ADR
American
Depositary
Receipt
AGMC
Assured
Guaranty
Municipal
Corp.
BZDIOVRA
Brazil
Inter-Bank
Deposit
Rate
CLO
Collateralized
Loan
Obligation
CME
Chicago
Mercantile
Exchange
CMT
Constant
Monthly
U.S.
Treasury
Securities
Yield
Curve
Rate
Index
COFI
Cost
of
Funds
Index
ETF
Exchange-Traded
Fund
EURIBOR
Euro
Inter-Bank
Offer
Rate
FFCB
Federal
Farm
Credit
Banks
Funding
Corp.
FHLB
Federal
Home
Loan
Banks
FHLMC
Federal
Home
Loan
Mortgage
Corp.
FNMA
Federal
National
Mortgage
Association
FRN
Floating
Rate
Note
GNMA
Government
National
Mortgage
Association
GO
General
Obligation
H15BDI
U.S.
Treasury
Bill
Auction
High
Discount
Rate
LIBOR
London
Interbank
Offered
Rate
MBS
Mortgage-Backed
Security
PIK
Payment-In-Kind
REIT
Real
Estate
Investment
Trust
SOFR
Secured
Overnight
Financing
Rate
TBA
To-Be-Announced
TBD
To
Be
Determined
T-Note
Treasury
Note
For
additional
information
on
the
Funds'
significant
accounting
policies,
please
refer
to
the Funds'
most
recent
semiannual
or
annual
shareholder
report.