0001752724-20-004040.txt : 20200114
0001752724-20-004040.hdr.sgml : 20200114
20200114094111
ACCESSION NUMBER: 0001752724-20-004040
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 6
CONFORMED PERIOD OF REPORT: 20191031
FILED AS OF DATE: 20200114
DATE AS OF CHANGE: 20200114
EFFECTIVENESS DATE: 20200114
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: FRANKLIN INVESTORS SECURITIES TRUST
CENTRAL INDEX KEY: 0000809707
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-04986
FILM NUMBER: 20525116
BUSINESS ADDRESS:
STREET 1: ONE FRANKLIN PARKWAY
CITY: SAN MATEO
STATE: CA
ZIP: 94403-1906
BUSINESS PHONE: 650-312-2200
MAIL ADDRESS:
STREET 1: ONE FRANKLIN PARKWAY
CITY: SAN MATEO
STATE: CA
ZIP: 94403-1906
0000809707
S000006850
FRANKLIN ADJUSTABLE U.S. GOVERNMENT SECURITIES FUND
C000018509
CLASS A
FISAX
C000018510
CLASS C
FCSCX
C000064441
ADVISOR CLASS
FAUZX
C000133492
Class R6
C000140480
Class A1
FAUGX
0000809707
S000006851
FRANKLIN CONVERTIBLE SECURITIES FUND
C000018511
CLASS A
FISCX
C000018512
CLASS C
FROTX
C000064442
ADVISOR CLASS
FCSZX
C000141439
Class R6
FCSKX
0000809707
S000006852
FRANKLIN EQUITY INCOME FUND
C000018513
CLASS A
FISEX
C000018515
CLASS C
FRETX
C000018516
CLASS R
FREIX
C000064443
ADVISOR CLASS
FEIFX
C000128878
Class R6
FEIQX
0000809707
S000006853
FRANKLIN FLOATING RATE DAILY ACCESS FUND
C000018517
CLASS A
FAFRX
C000018519
CLASS C
FCFRX
C000018520
ADVISOR CLASS
FDAAX
C000128879
Class R6
FFRDX
0000809707
S000006855
FRANKLIN LOW DURATION TOTAL RETURN FUND
C000018523
CLASS A
FLDAX
C000064444
ADVISOR CLASS
FLDZX
C000120960
Class C
FLDCX
C000128881
Class R6
FLRRX
C000215060
Class R
FLPRX
0000809707
S000006856
FRANKLIN REAL RETURN FUND
C000018524
ADVISOR CLASS
FARRX
C000018525
CLASS A
FRRAX
C000073537
CLASS C
FRRCX
C000128882
Class R6
FRRRX
0000809707
S000006857
FRANKLIN TOTAL RETURN FUND
C000018526
CLASS A
FKBAX
C000018528
CLASS C
FCTLX
C000018529
ADVISOR CLASS
FBDAX
C000018530
CLASS R
FTRRX
C000128883
Class R6
FRERX
0000809707
S000012705
Franklin Managed Income Fund
C000034238
CLASS A
FBLAX
C000034239
CLASS C
FBMCX
C000034240
CLASS R
C000034241
ADVISOR CLASS
FBFZX
C000128884
Class R6
FBFRX
N-CEN
1
primary_doc.xml
X0201
N-CEN
LIVE
0000809707
XXXXXXXX
811-04986
true
false
false
N-1A
true
Franklin Investors Securities Trust
811-04986
0000809707
549300XUGIR9DEQFV548
ONE FRANKLIN PARKWAY
SAN MATEO
94403-1906
US-CA
US
650-312-2000
Franklin Templeton Services, LLC
One Franklin Parkway
San Mateo
94403-1906
650-312-2000
Records related to its functions as Administrative Manager
Franklin Templeton Distributors, Inc.
One Franklin Parkway
San Mateo
94403-1906
650-312-2000
Records related to its functions as Principal Underwriter
Franklin Templeton Institutional, LLC
280 Park Avenue
New York
10017
650-312-2000
Records related to its functions as Investment Manager
Franklin Templeton Investor Services, LLC
One Franklin Parkway
San Mateo
94403-1906
650-312-2000
Records related to its functions as Transfer Agent
Franklin Advisers, Inc.
One Franklin Parkway
San Mateo
94403-1906
650-312-2000
Records related to its functions as Investment Manager
The Bank Of New York Mellon
111 Sanders Creek Pkwy
East Syracuse
13057
855-231-1706
Records related to its functions as Custodian
N
N
N-1A
8
Y
Edith E. Holiday
N/A
N
J. Michael Luttig
N/A
N
Terrence J. Checki
N/A
N
Larry D. Thompson
N/A
N
Mary C. Choksi
N/A
N
Harris J. Ashton
N/A
N
Gregory E. Johnson
N/A
Y
Rupert H. Johnson, Jr.
N/A
Y
Robert C. Rosselot
N/A
300 S.E. 2nd Street
Fort Lauderdale
33301-1923
XXXXXX
N
N
N
N
N
Franklin Templeton Distributors, Inc.
8-5889
000000332
N/A
Y
N
PRICEWATERHOUSECOOPERS LLP
238
5493002GVO7EO8RNNS37
N
N
N
N
N
N
Franklin Total Return Fund
S000006857
BOFI5JCJJYCPA6G3SW76
N
5
0
0
N/A
N
Y
N
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
N/A
N/A
N/A
Rule 22d-1 (17 CFR 270.22d-1)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
N
N
Franklin Advisers, Inc
801-26292
000104517
B1CG1NRZIDDJ0DQEXB52
N
Franklin Templeton Institutional, LLC
801-60684
000117384
549300RQFX1DXB0AF136
Y
N
Franklin Templeton Investor Services, LLC
084-01036
N/A
Y
N
N
Bloomberg Finance L.P
5493001KJTIIGC8Y1R12
N
IHS Markit Ltd.
549300HLPTRASHS0E726
N
Intercontinental Exchange, Inc
5493000F4ZO33MV32P92
N
Refinitiv US LLC
549300WQWDPFSMQ8I087
N
Deerfield Holdings Corporation
82-3616841
TIN
N
Y
Stanbic Bank Botswana Limited
254900CFACP5V9H8W758
BW
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Landsbankinn hf.
549300TLZPT6JELDWM92
IS
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
UniCredit Bank Austria AG
D1HEB8VEU6D9M8ZUXG17
AT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Franklin Templeton Investor Services LLC
N/A
Y
N
Self - rule 17f-2 (17 CFR 270.17f-2)
Banco Bilbao Vizcaya Argentaria
K8MS7FD7N5Z2WQ51AZ71
ES
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hongkong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
LK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SEB Bankas
549300SBPFE9JX7N8J82
LT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The HongKong and Shanghai Banking Corporation limited
2HI3YI5320L3RW6NJ957
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC Bank Bermuda Limited
0W1U67PTV5WY3WYWKD79
BM
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe plc
N1FBEDJ5J41VKZLO2475
CZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank, N.A.
E57ODZWZ7FF32TWEFA76
BR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
The Bank of Tokyo-Mitsubishi UFJ Ltd
C3GTMMZIHMY46P4OIX74
JP
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
FI
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Cititrust S.A.
549300242J3IJCOSGI49
CO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
N/A
IE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DBS Bank Ltd
ATUEL7OJR5057F2PV266
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
KR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
N/A
IT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Maghreb
5493003FVWLMBFTISI11
MA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hongkong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
MU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
529900SEOICVR2VM6Y05
NL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
EuroClear Bank
N/A
LU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank (Malaysia) Berhad
529900LKVNEX4SG4UD38
MY
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
RR3QWICWWIPCS8A4S074
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Standard Bank of South Africa
QFC8ZCW3Q5PRXU1XTM60
ZA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Bank Hapoalim B.M
B6ARUI4946ST4S7WOU88
IL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Hong Kong and Shanghai Banking Corporation Limited
2HI3YI5320L3RW6NJ957
NZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB
F3JS33DEI6XQ4ZBPTN86
DK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hong Kong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
HK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Stanbic Bank Zambia Ltd
549300HF45VBQ8L4HF36
ZM
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Privredna Banka Zagreb d.d
549300ZHFZ4CSK7VS460
HR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
PH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
PT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Itau CorpBanca S.A
549300DDPTTIZ06NIV06
CL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
IN
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe plc
N1FBEDJ5J41VKZLO2475
HU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC Bank Egypt S.A.E
2138001Q77JDLESS4Y50
EG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Bank Pekao SA
5493000LKS7B3UTF7H35
PL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibanamex
2SFFM4FUIE05S37WFU55
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services
549300WCGB70D06XZS54
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of NY Mellon SA/NV
MMYX0N4ZEZ13Z4XCG897
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank, N.A
MYTK5NHHP1G8TVFGT193
PE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services
549300WCGB70D06XZS54
GR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CIBC Mellon Trust Company
549300IYUUH221WBZ505
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe plc
N1FBEDJ5J41VKZLO2475
SK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Stanbic Bank of Ghana, Ltd
549300M3N5M3E5WDG321
GH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Argentina
E57ODZWZ7FF32TWEFA76
AR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB
F3JS33DEI6XQ4ZBPTN86
NO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hong Kong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
TH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
ID
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Credit Suisse AG
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
AS SEB banka
549300YW95G1VBBGGV07
LV
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank A.S.
789000N5SE3LWDK7OI11
TR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banque ET Caisse D Epargne De L Etat
R7CQUF1DQM73HUTV1078
LU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC Bank (China) Company Limited
2CZOJRADNJXBLT55G526
CN
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
Franklin Templeton Investor Services, LLC
084-01036
Sec File Number
Y
N
N
Franklin Templeton Services, LLC
549300DFD0POOJZ42788
Y
N
N
Franklin Templeton Investment Services, Inc.
8-43206
000027884
N/A
0
Franklin Templeton Distributors Inc.
8-5889
000000332
N/A
0
Franklin Templeton Financial Services Corp.
8-29504
000013594
N/A
0
VIRTU AMERICAS LLC
8-68193
000149823
549300RA02N3BNSWBV74
34125
WELLS FARGO SECURITIES, LLC
8-65876
000126292
VYVVCKR63DVZZN70PB21
4074
CITIGROUP GLOBAL MARKETS INC
8-8177
000007059
MBNUM2BPBDO7JBLYG310
5558
ROBERT W BAIRD & CO INC
8-497
000008158
549300772UJAHRD6LO53
4058
JMP SECURITIES LLC
8-39613
000022208
549300IDHEFHQ741DW68
5576
CREDIT SUISSE SEC (USA) LLC
8-422
000000816
1V8Y6QCX6YMJ2OELII46
28175
EVERCORE GROUP LLC
8-49830
000042405
5493008F0LRLS5N8LZ81
5492
JP MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
107721
JANE STREET
8-69254
000167280
549300HXJLXCPDWAH070
163664
MISCHLER FINANCIAL GROUP
8-48067
000037818
2549004IPXPSM9EJFC92
70000
431860
WELLS FARGO SECURITIES LLC
8-65876
000126292
VYVVCKR63DVZZN70PB21
6328774148
CREDIT SUISSE SEC (USA) LLC
8-422
000000816
1V8Y6QCX6YMJ2OELII46
331054653
MORGAN STANLEY & CO. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
2025038513
JP MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
1763892711
BOFA SECURITIES INC
8-69787
000283942
549300HN4UKV1E2R3U73
1670265629
GOLDMAN, SACHS & CO LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
1318433020
HSBC SECURITIES (USA) INC
8-41562
000019585
CYYGQCGNHMHPSMRL3R97
229669306
BARCLAYS CAPITAL INC.
8-41342
000019714
AC28XWWI3WIBK2824319
253414914
JEFFERIES LLC
8-15074
000002347
58PU97L1C0WSRCWADL48
97894748
CITIGROUP GLOBAL MARKETS INC
8-8177
000007059
MBNUM2BPBDO7JBLYG310
610899738
15357250798
N
4357426776
Committed
2000000000
N
N
N
N
Franklin Real Return Fund
S000006856
Q4DHPWN1P0ZME86DWW96
N
4
0
0
N/A
N
N
Y
N
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
N/A
N/A
N/A
Rule 22d-1 (17 CFR 270.22d-1)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
N
N
Franklin Advisers, Inc
801-26292
000104517
B1CG1NRZIDDJ0DQEXB52
N
Franklin Templeton Investor Services, LLC
084-01036
N/A
Y
N
N
Bloomberg Finance L.P.
5493001KJTIIGC8Y1R12
N
Refinitiv US LLC
549300WQWDPFSMQ8I087
N
IHS Markit Ltd.
549300HLPTRASHS0E726
N
Intercontinental Exchange, Inc.
5493000F4ZO33MV32P92
N
N
Stanbic Bank Zambia Ltd.
549300HF45VBQ8L4HF36
ZM
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The HongKong and Shanghai Banking Corporation limited
2HI3YI5320L3RW6NJ957
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SEB Bankas
549300SBPFE9JX7N8J82
LT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
N/A
IE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
AS SEB banka
549300YW95G1VBBGGV07
LV
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Landsbankinn hf.
549300TLZPT6JELDWM92
IS
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank (Malaysia) Berhad
529900DLWFR8HK7DR278
MY
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe plc.
N1FBEDJ5J41VKZLO2475
HU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
PH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Itau CorpBanca S.A.
549300DDPTTIZ06NIV06
CL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
N/A
IT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Argentina
E57ODZWZ7FF32TWEFA76
AR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of NY Mellon SA/NV
MMYX0N4ZEZ13Z4XCG897
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hongkong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
LK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC Bank (Taiwan) Limited
549300SG184IVNYDMN03
TW
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services
549300WCGB70D06XZS54
CY
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banque ET Caisse D Epargne De L Etat
R7CQUF1DQM73HUTV1078
LU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Hong Kong and Shanghai Banking Corporation Limited
2HI3YI5320L3RW6NJ957
NZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB
F3JS33DEI6XQ4ZBPTN86
DK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services
549300WCGB70D06XZS54
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hong Kong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
HK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hongkong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
TH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Cititrust S.A.
549300242J3IJCOSGI49
CO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank A.S.
789000N5SE3LWDK7OI11
TR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
FI
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Euroclear Bank
N/A
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CIBC Mellon Trust Company
549300IYUUH221WBZ505
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe plc
N1FBEDJ5J41VKZLO2475
CZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe plc
N1FBEDJ5J41VKZLO2475
SK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Santander Securities Services S.A.
95980020140005970915
ES
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
ID
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank, N.A.
E57ODZWZ7FF32TWEFA76
BR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Credit Suisse AG
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
KR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC Bank Egypt S.A.E.
2138001Q77JDLESS4Y50
EG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Bank Pekao SA
5493000LKS7B3UTF7H35
PL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
RR3QWICWWIPCS8A4S074
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB
F3JS33DEI6XQ4ZBPTN86
NO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
529900SEOICVR2VM6Y05
NL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Standard Bank of South Africa
QFC8ZCW3Q5PRXU1XTM60
ZA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Stanbic Bank Botswana Limited
254900CFACP5V9H8W758
BW
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibanamex
2SFFM4FUIE05S37WFU55
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
UniCredit Bank Austria AG
D1HEB8VEU6D9M8ZUXG17
AT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Maghreb
5493003FVWLMBFTISI11
MA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Bank Hapoalim B.M.
B6ARUI4946ST4S7WOU88
IL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DBS Bank Ltd.
ATUEL7OJR5057F2PV266
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Privredna Banka Zagreb d.d.
549300ZHFZ4CSK7VS460
HR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank, N.A.
MYTK5NHHP1G8TVFGT193
PE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hongkong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
MU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
PT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Stanbic Bank of Ghana, Ltd
549300M3N5M3E5WDG321
GH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of Tokyo-Mitsubishi UFJ Ltd.
C3GTMMZIHMY46P4OIX74
JP
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Franklin Templeton Investor Services LLC
N/A
Y
N
Self - rule 17f-2 (17 CFR 270.17f-2)
N
Franklin Templeton Investor Services, LLC
084-01036
SEC File Number
Y
N
N
Franklin Templeton Services, LLC
549300DFD0POOJZ42788
Y
N
N
Franklin Templeton Financial Services Corp.
8-29504
000013594
N/A
0
Franklin Templeton Investment Services, Inc.
8-43206
000027884
N/A
0
Franklin Templeton Distributors Inc.
8-5889
000000332
N/A
0
BTIG LLC
8-65473
000122225
549300GTG9PL6WO3EC51
29.85
30
DEUTSCHE BANK SECURITIES INC
8-17822
000002525
9J6MBOOO7BECTDTUZW19
529235129.95
HSBC SECURITIES (USA) INC
8-41562
000019585
CYYGQCGNHMHPSMRL3R97
436913037.56
BNP PARIBAS SECURITIES CORP
8-32682
000015794
RCNB6OTYUAMMP879YW96
1871538353.41
BARCLAYS CAPITAL INC
8-41342
000019714
AC28XWWI3WIBK2824319
23845695.1
RBC DOMINION SECURITIES INC. (TORONTO)
N/A
N/A
549300QJJX6CVVUXLE15
CA
6688600.89
WELLS FARGO SECURITIES LLC
8-65876
000126292
VYVVCKR63DVZZN70PB21
6751532.71
NOMURA SECURITIES LTD
8-15255
000004297
OXTKY6Q8X53C9ILVV871
16425006.15
JEFFERIES LLC
8-15074
000002347
58PU97L1C0WSRCWADL48
21919356.51
2913316712
N
176196713
Committed
2000000000
N
N
N
N
Franklin Managed Income Fund
S000012705
XM9TFFPJNQZE8D26W802
N
5
0
0
N/A
N
N
Y
N
N
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
Revenue sharing split
50013.0000
1778.0000
Rule 22d-1 (17 CFR 270.22d-1)
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 17a-7 (17 CFR 270.17a-7)
Y
Y
N
N
Franklin Advisers, Inc
801-26292
000104517
B1CG1NRZIDDJ0DQEXB52
N
Franklin Templeton Investor Services, LLC
084-01036
N/A
Y
N
N
Intercontinental Exchange, Inc.
5493000F4ZO33MV32P92
N
Bloomberg Finance L.P.
5493001KJTIIGC8Y1R12
N
IHS Markit Ltd.
549300HLPTRASHS0E726
N
Refinitiv US LLC
549300WQWDPFSMQ8I087
N
N
Credit Suisse AG
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The HongKong and Shanghai Banking Corporation limited
2HI3YI5320L3RW6NJ957
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
FI
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibanamex
2SFFM4FUIE05S37WFU55
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DBS Bank Ltd.
ATUEL7OJR5057F2PV266
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of Tokyo-Mitsubishi UFJ Ltd
C3GTMMZIHMY46P4OIX74
JP
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB
F3JS33DEI6XQ4ZBPTN86
NO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
PT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Stanbic Bank Zambia Ltd.
549300HF45VBQ8L4HF36
ZM
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banco Bilbao Vizcaya Argentaria
K8MS7FD7N5Z2WQ51AZ71
ES
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Franklin Templeton Investor Services LLC
N/A
Y
N
Self - rule 17f-2 (17 CFR 270.17f-2)
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Argentina
E57ODZWZ7FF32TWEFA76
AR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
PH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Bank Pekao SA
5493000LKS7B3UTF7H35
PL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The HongKong and Shanghai Banking Corporation Limited
2HI3YI5320L3RW6NJ957
NZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Standard Bank of South Africa
QFC8ZCW3Q5PRXU1XTM60
ZA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB
F3JS33DEI6XQ4ZBPTN86
DK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services
549300WCGB70D06XZS54
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
The Bank of New York Mellon
RR3QWICWWIPCS8A4S074
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of NY Mellon SA/NV
MMYX0N4ZEZ13Z4XCG897
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
N/A
IT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HongKong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
HK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
529900SEOICVR2VM6Y05
NL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banque ET Caisse D Epargne De LEtat
R7CQUF1DQM73HUTV1078
LU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
N/A
IE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Euroclear Bank
N/A
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CIBC Mellon Trust Company
549300IYUUH221WBZ505
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
Franklin Templeton Investor Services, LLC
084-01036
SEC File number
Y
N
N
Franklin Templeton Services, LLC
549300DFD0POOJZ42788
Y
N
N
Franklin Templeton Distributors Inc.
8-5889
000000332
N/A
0
Franklin Templeton Investment Services, Inc.
8-43206
000027884
N/A
0
Franklin Templeton Financial Services Corp.
8-29504
000013594
N/A
0
MORGAN STANLEY & CO. LLC
8-15869
000008209
I7331LVCZKQKX5T7XV54
218436.38
CREDIT SUISSE SEC (USA) LLC
8-422
000000816
1V8Y6QCX6YMJ2OELII46
61962.15
GOLDMAN, SACHS & CO LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
34619.55
CITIGROUP GLOBAL MARKETS INC
8-8177
000007059
MBNUM2BPBDO7JBLYG310
69755.25
ROSENBLATT SECURITIES INC.
8-24255
000018377
549300KXQP6H4QO07E91
33467.36
BOFA SECURITIES INC
8-69787
000283942
549300HN4UKV1E2R3U73
113070.7
LIQUID NET
8-52461
000103987
213800HSKBBO1GCVRG79
94602.72
JANE STREET
8-69254
000167280
549300HXJLXCPDWAH070
69375
RBC DOMINION SECURITIES INC. (TORONTO)
N/A
N/A
549300QJJX6CVVUXLE15
CA
72543.13
VIRTU AMERICAS LLC
8-68193
000149823
549300RA02N3BNSWBV74
46444.73
1057873
CREDIT SUISSE SEC (USA) LLC
8-422
000000816
1V8Y6QCX6YMJ2OELII46
140454173.84
JP MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
249005334.58
MORGAN STANLEY & CO. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
203503005.88
BARCLAYS CAPITAL INC
8-41342
000019714
AC28XWWI3WIBK2824319
262022680.68
BOFA SECURITIES INC
8-69787
000283942
549300HN4UKV1E2R3U73
144993886.65
GOLDMAN, SACHS & CO LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
94495614.59
WELLS FARGO SECURITIES LLC
8-65876
000126292
VYVVCKR63DVZZN70PB21
176073388.73
RBC CAPITAL MARKETS LLC
8-45411
000031194
549300LCO2FLSSVFFR64
76913307.75
CITIGROUP GLOBAL MARKETS INC
8-8177
000007059
MBNUM2BPBDO7JBLYG310
302580515.39
NOMURA SECURITIES LTD
8-15255
000004297
OXTKY6Q8X53C9ILVV871
64698947.31
2052461706
Y
3577594371
Committed
2000000000
N
N
N
N
Franklin Floating Rate Daily Access Fund
S000006853
NDVQZJLQKYEB9K3LB498
N
4
0
0
N/A
N
N
Y
N
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
N/A
N/A
N/A
Rule 22d-1 (17 CFR 270.22d-1)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 12d1-1 (17 CFR 270.12d1-1)
Y
Y
N
N
Franklin Advisers, Inc
801-26292
000104517
B1CG1NRZIDDJ0DQEXB52
N
Franklin Templeton Investor Services, LLC
084-01036
N/A
Y
N
N
IHS Markit Ltd.
549300HLPTRASHS0E726
N
Refinitiv US LLC
549300WQWDPFSMQ8I087
N
Bloomberg Finance L.P.
5493001KJTIIGC8Y1R12
N
Intercontinental Exchange, Inc.
5493000F4ZO33MV32P92
N
N
Franklin Templeton Investor Services LLC
N/A
Y
N
Self - rule 17f-2 (17 CFR 270.17f-2)
The Hong Kong and Shanghai Banking Corporation Limited
2HI3YI5320L3RW6NJ957
NZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of NY Mellon SA/NV
MMYX0N4ZEZ13Z4XCG897
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Standard Bank of South Africa
QFC8ZCW3Q5PRXU1XTM60
ZA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hong Kong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
HK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CIBC Mellon Trust Company
549300IYUUH221WBZ505
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The HongKong and Shanghai Banking Corporation Limited
2HI3YI5320L3RW6NJ957
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services
549300WCGB70D06XZS54
GR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Credit Suisse AG
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services
549300WCGB70D06XZS54
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banco Bilbao Vizcaya Argentaria
K8MS7FD7N5Z2WQ51AZ71
ES
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
PH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
N/A
IT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Argentina
E57ODZWZ7FF32TWEFA76
AR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
FI
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
EuroClear Bank
N/A
LU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibanamex
2SFFM4FUIE05S37WFU55
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hongkong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
TH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of Tokyo-Mitsubishi UFJ Ltd.
C3GTMMZIHMY46P4OIX74
JP
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
N/A
IE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Euroclear Bank
N/A
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DBS Bank Ltd.
ATUEL7OJR5057F2PV266
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
UniCredit Bank Austria AG
D1HEB8VEU6D9M8ZUXG17
AT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
529900SEOICVR2VM6Y05
NL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
ID
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
RR3QWICWWIPCS8A4S074
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
Franklin Templeton Investor Services, LLC
084-01036
SEC File Number
Y
N
N
Franklin Templeton Services, LLC
549300DFD0POOJZ42788
Y
N
N
Franklin Templeton Distributors Inc.
8-5889
000000332
N/A
0
Franklin Templeton Investment Services, Inc.
8-43206
000027884
N/A
0
Franklin Templeton Financial Services Corp.
8-29504
000013594
N/A
0
0
BARCLAYS CAPITAL INC.
8-41342
000019714
AC28XWWI3WIBK2824319
200910979.01
GOLDMAN, SACHS & CO LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
110948716.54
JP MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
346618955.54
CITIGROUP GLOBAL MARKETS INC
8-8177
000007059
MBNUM2BPBDO7JBLYG310
155970180.97
BNP PARIBAS SECURITIES CORP
8-32682
000015794
RCNB6OTYUAMMP879YW96
2554686021.98
HSBC SECURITIES (USA) INC
8-41562
000019585
CYYGQCGNHMHPSMRL3R97
1904842457.24
BOFA SECURITIES INC
8-69787
000283942
549300HN4UKV1E2R3U73
135782575.2
CREDIT SUISSE SEC (USA) LLC
8-422
000000816
1V8Y6QCX6YMJ2OELII46
87792634.44
MORGAN STANLEY & CO. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
127202198.71
DEUTSCHE BANK SECURITIES INC.
8-17822
000002525
9J6MBOOO7BECTDTUZW19
834116713.88
6723294543.36
N
1211294822
Committed
2000000000
N
N
N
N
Franklin Low Duration Total Return Fund
S000006855
H1JJYRV86MLGMEZLFG42
N
5
1
0
N/A
N
N
Y
N
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
N/A
N/A
N/A
Rule 22d-1 (17 CFR 270.22d-1)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 12d1-1 (17 CFR 270.12d1-1)
Y
Y
N
N
Franklin Advisers, Inc.
801-26292
000104517
B1CG1NRZIDDJ0DQEXB52
N
Franklin Templeton Investor Services, LLC
084-01036
N/A
Y
N
N
Bloomberg Finance L.P.
5493001KJTIIGC8Y1R12
N
Refinitiv US LLC
549300WQWDPFSMQ8I087
N
Intercontinental Exchange, Inc.
5493000F4ZO33MV32P92
N
IHS Markit Ltd.
549300HLPTRASHS0E726
N
Deerfield Holdings Corporation
82-3616841
TIN
N
N
Stanbic Bank of Ghana, Ltd.
549300M3N5M3E5WDG321
GH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
CZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Stanbic Bank Botswana Limited
254900CFACP5V9H8W758
BW
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
RR3QWICWWIPCS8A4S074
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Itau CorpBanca S.A.
549300DDPTTIZ06NIV06
CL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
N/A
IE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Euroclear Bank
N/A
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank, N.A.
E57ODZWZ7FF32TWEFA76
BR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
PH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hong Kong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
TH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Bank Hapoalim B.M.
B6ARUI4946ST4S7WOU88
IL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB
F3JS33DEI6XQ4ZBPTN86
NO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of NY Mellon SA/NV
MMYX0N4ZEZ13Z4XCG897
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Maghreb
5493003FVWLMBFTISI11
MA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Hong Kong and Shanghai Banking Corporation Limited
2HI3YI5320L3RW6NJ957
NZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC Bank Egypt S.A.E.
2138001Q77JDLESS4Y50
EG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of Tokyo-Mitsubishi UFJ Ltd
C3GTMMZIHMY46P4OIX74
JP
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Cititrust S.A.
549300242J3IJCOSGI49
CO
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
FI
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB
F3JS33DEI6XQ4ZBPTN86
DK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SEB Bankas
549300SBPFE9JX7N8J82
LT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banque ET Caisse D Epargne De LEtat
R7CQUF1DQM73HUTV1078
LU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC Bank (Taiwan) Limited
549300SG184IVNYDMN03
TW
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
KR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe plc
N1FBEDJ5J41VKZLO2475
SK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibanamex
2SFFM4FUIE05S37WFU55
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The HongKong and Shanghai Banking Corporation limited
2HI3YI5320L3RW6NJ957
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Bank Pekao SA
5493000LKS7B3UTF7H35
PL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CIBC Mellon Trust Company
549300IYUUH221WBZ505
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hongkong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
MU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
Santander Securities Services S.A.
95980020140005970915
ES
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services
549300WCGB70D06XZS54
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services
549300WCGB70D06XZS54
CY
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Standard Bank of South Africa
QFC8ZCW3Q5PRXU1XTM60
ZA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank (Malaysia) Berhad
529900DLWFR8HK7DR278
MY
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DBS Bank Ltd.
ATUEL7OJR5057F2PV266
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank A.S.
789000N5SE3LWDK7OI11
TR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe plc.
N1FBEDJ5J41VKZLO2475
HU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
IN
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Privredna Banka Zagreb d.d.
549300ZHFZ4CSK7VS460
HR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
UniCredit Bank Austria AG
D1HEB8VEU6D9M8ZUXG17
AT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
PT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
ID
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
AS SEB banka
549300YW95G1VBBGGV07
LV
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank, N.A.
MYTK5NHHP1G8TVFGT193
PE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hongkong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
LK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hong Kong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
HK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Credit Suisse AG
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Franklin Templeton Investor Services LLC
N/A
Y
N
Self - rule 17f-2 (17 CFR 270.17f-2)
Citibank Argentina
E57ODZWZ7FF32TWEFA76
AR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Stanbic Bank Zambia Ltd.
549300HF45VBQ8L4HF36
ZM
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
529900SEOICVR2VM6Y05
NL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
N/A
IT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC Bank (China) Company Limited
2CZOJRADNJXBLT55G526
CN
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Landsbankinn hf.
549300TLZPT6JELDWM92
IS
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
Franklin Templeton Investor Services, LLC
084-01036
SEC File Number
Y
N
N
Franklin Templeton Services, LLC
549300DFD0POOJZ42788
Y
N
N
Franklin Templeton Distributors Inc.
8-5889
000000332
N/A
0
Franklin Templeton Financial Services Corp.
8-29504
000013594
N/A
0
Franklin Templeton Investment Services, Inc.
8-43206
000027884
N/A
0
ROBERT W BAIRD & CO INC
8-497
000008158
549300772UJAHRD6LO53
10274
WELLS FARGO SECURITIES, LLC
8-65876
000126292
VYVVCKR63DVZZN70PB21
2119
JMP SECURITIES LLC
8-39613
000022208
549300IDHEFHQ741DW68
7329
WILLIAM BLAIR AND CO LLC
8-2698
000001252
549300J0P7XYE8BMZ775
1785
JP MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
52156
CREDIT SUISSE SEC (USA) LLC
8-422
000000816
1V8Y6QCX6YMJ2OELII46
10850
84513
CITIGROUP GLOBAL MARKETS INC
8-8177
000007059
MBNUM2BPBDO7JBLYG310
183943257
MORGAN STANLEY & CO. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
78942309
GOLDMAN, SACHS & CO LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
343901872
DEUTSCHE BANK SECURITIES INC.
8-17822
000002525
9J6MBOOO7BECTDTUZW19
54964786
JP MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
320291737
CREDIT SUISSE SEC (USA) LLC
8-422
000000816
1V8Y6QCX6YMJ2OELII46
88590105
BOFA SECURITIES INC
8-69787
000283942
549300HN4UKV1E2R3U73
641715019
WELLS FARGO SECURITIES LLC
8-65876
000126292
VYVVCKR63DVZZN70PB21
116433181
HSBC SECURITIES (USA) INC
8-41562
000019585
CYYGQCGNHMHPSMRL3R97
137778259
BARCLAYS CAPITAL INC.
8-41342
000019714
AC28XWWI3WIBK2824319
236399455
2555318727
N
3054576305
Committed
2000000000
N
N
N
N
Franklin Convertible Securities Fund
S000006851
549300BRH1RGTXGVLY98
N
4
0
0
N/A
N
N
Y
N
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
N/A
N/A
N/A
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 22d-1 (17 CFR 270.22d-1)
Y
Y
N
N
Franklin Advisers, Inc
801-26292
000104517
B1CG1NRZIDDJ0DQEXB52
N
Franklin Templeton Investor Services, LLC
084-01036
N/A
Y
N
N
Refinitiv US LLC
549300WQWDPFSMQ8I087
N
IHS Markit Ltd.
549300HLPTRASHS0E726
N
Bloomberg Finance L.P.
5493001KJTIIGC8Y1R12
N
Intercontinental Exchange, Inc.
5493000F4ZO33MV32P92
N
N
DBS Bank Ltd.
ATUEL7OJR5057F2PV266
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
N/A
IT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Franklin Templeton Investor Services LLC
N/A
Y
N
Self - rule 17f-2 (17 CFR 270.17f-2)
CIBC Mellon Trust Company
549300IYUUH221WBZ505
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
PH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hongkong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
LK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
HSBC Bank (China) Company Limited
2CZOJRADNJXBLT55G526
CN
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibanamex
2SFFM4FUIE05S37WFU55
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
529900SEOICVR2VM6Y05
NL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Euroclear Bank
N/A
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The HongKong and Shanghai Banking Corporation Limited
2HI3YI5320L3RW6NJ957
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services
549300WCGB70D06XZS54
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
FI
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Hong Kong and Shanghai Banking Corporation Limited
2HI3YI5320L3RW6NJ957
NZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hong Kong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
HK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hongkong and Shanghai Banking Corporation
2HI3YI5320L3RW6NJ957
TH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
N/A
IE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
PT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banco Bilbao Vizcaya Argentaria
K8MS7FD7N5Z2WQ51AZ71
ES
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
RR3QWICWWIPCS8A4S074
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Standard Bank of South Africa
QFC8ZCW3Q5PRXU1XTM60
ZA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of Tokyo-Mitsubishi UFJ Ltd.
C3GTMMZIHMY46P4OIX74
JP
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Deutsche Bank AG
529900LKVNEX4SG4UD38
ID
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB
F3JS33DEI6XQ4ZBPTN86
DK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of NY Mellon SA/NV
MMYX0N4ZEZ13Z4XCG897
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Credit Suisse AG
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Argentina
E57ODZWZ7FF32TWEFA76
AR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
Franklin Templeton Investor Services, LLC
084-01036
SEC File Number
Y
N
N
Franklin Templeton Services, LLC
549300DFD0POOJZ42788
Y
N
N
Franklin Templeton Distributors Inc.
8-5889
000000332
N/A
0
Franklin Templeton Financial Services Corp.
8-29504
000013594
N/A
0
Franklin Templeton Investment Services, Inc.
8-43206
000027884
N/A
0
GOLDMAN, SACHS & CO LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
15877.44
JP MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
4857.83
LIQUID NET
8-52461
000103987
213800HSKBBO1GCVRG79
2777.3
INSTINET CORP
8-50068
000042886
549300B5FJH6P0V01C37
5236.88
CREDIT SUISSE SEC (USA) LLC
8-422
000000816
1V8Y6QCX6YMJ2OELII46
10500
MIZUHO SECURITIES USA LLC
8-37710
000019647
7TK5RJIZDFROZCA6XF66
66093.49
STIFEL NICKOLAUS & CO., INC.
8-1447
000000793
5WUVMA08EYG4KEUPW589
8347.62
ROSENBLATT SECURITIES INC.
8-24255
000018377
549300KXQP6H4QO07E91
6096.79
BTIG LLC
8-65473
000122225
549300GTG9PL6WO3EC51
2795.7
BARCLAYS CAPITAL INC
8-41342
000019714
AC28XWWI3WIBK2824319
14568.66
146746
WELLS FARGO SECURITIES LLC
8-65876
000126292
VYVVCKR63DVZZN70PB21
62353588.5
GOLDMAN, SACHS & CO LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
385804126
MORGAN STANLEY & CO. LLC
8-15869
000008209
9R7GPTSO7KV3UQJZQ078
77500000
BARCLAYS CAPITAL INC
8-41342
000019714
AC28XWWI3WIBK2824319
122133318.4
CITIGROUP GLOBAL MARKETS INC
8-8177
000007059
MBNUM2BPBDO7JBLYG310
187276073.75
CREDIT SUISSE SEC (USA) LLC
8-422
000000816
1V8Y6QCX6YMJ2OELII46
50106630
OPPENHEIMER AND CO INC
8-4077
000000249
254900VH02JQR2L8XD64
93562961
BOFA SECURITIES INC
8-69787
000283942
549300HN4UKV1E2R3U73
68000000
JP MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
56926922.4
DEUTSCHE BANK SECURITIES INC.
8-17822
000002525
9J6MBOOO7BECTDTUZW19
235243943.38
1765849082
Y
3838658958
Committed
2000000000
N
N
N
N
Franklin Equity Income Fund
S000006852
549300NQIOLSX881UZ17
N
5
0
0
N/A
N
N
Y
N
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
Rule 22d-1 (17 CFR 270.22d-1)
Rule 12d1-1 (17 CFR 270.12d1-1)
Y
Y
N
N
Franklin Advisers, Inc
801-26292
000104517
B1CG1NRZIDDJ0DQEXB52
N
Franklin Templeton Investor Services, LLC
084-01036
N/A
Y
N
N
Refinitiv US LLC
549300WQWDPFSMQ8I087
N
Intercontinental Exchange, Inc.
5493000F4ZO33MV32P92
N
IHS Markit Ltd.
549300HLPTRASHS0E726
N
Bloomberg Finance L.P.
5493001KJTIIGC8Y1R12
N
N
Hongkong and Shanghai Banking Corp.
2HI3YI5320L3RW6NJ957
LK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banco Bilbao Vizcaya Argentaria
K8MS7FD7N5Z2WQ51AZ71
ES
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
RR3QWICWWIPCS8A4S074
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Credit Suisse AG
549300CWR0W0BCS9Q144
CH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The HongKong and Shanghai Banking Corporation limited
2HI3YI5320L3RW6NJ957
AU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hongkong and Shanghai Banking Corp.
2HI3YI5320L3RW6NJ957
TH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Skandinaviska Enskilda Banken AB
F3JS33DEI6XQ4ZBPTN86
DK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Standard Bank of South Africa
QFC8ZCW3Q5PRXU1XTM60
ZA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
PT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibanamex
2SFFM4FUIE05S37WFU55
MX
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DEUTSCHE BANK AG
529900LKVNEX4SG4UD38
PH
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
HSBC Bank (China) Company Limited
2CZOJRADNJXBLT55G526
CN
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of NY Mellon SA/NV.
MMYX0N4ZEZ13Z4XCG897
DE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of Tokyo-Mitsubishi UFJ Ltd
C3GTMMZIHMY46P4OIX74
JP
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
SKANDINAVISKA ENSKILDA BANKEN
F3JS33DEI6XQ4ZBPTN86
SE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Hong Kong and Shanghai Banking Corp.
2HI3YI5320L3RW6NJ957
HK
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
BNP Paribas Securities Services
549300WCGB70D06XZS54
FR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
DBS Bank Ltd.
ATUEL7OJR5057F2PV266
SG
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Franklin Templeton Investor Services LLC
N/A
Y
N
Self - rule 17f-2 (17 CFR 270.17f-2)
Skandinaviska Enskilda Banken
F3JS33DEI6XQ4ZBPTN86
FI
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Euroclear Bank
N/A
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Argentina
E57ODZWZ7FF32TWEFA76
AR
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
CIBC Mellon Trust Company
549300IYUUH221WBZ505
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Hong Kong and Shanghai Banking Corp Ltd.
2HI3YI5320L3RW6NJ957
NZ
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
N/A
IE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
The Bank of NY Mellon SA/NV.
529900SEOICVR2VM6Y05
NL
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon SA/NV
N/A
IT
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Citibank Europe Plc
N1FBEDJ5J41VKZLO2475
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Banque ET Caisse D Epargne De L Etat
R7CQUF1DQM73HUTV1078
LU
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
Franklin Templeton Investor Services, LLC
084-01036
SEC File Number
Y
N
N
Franklin Templeton Services, LLC
549300DFD0POOJZ42788
Y
N
N
Franklin Templeton Distributors Inc.
8-5889
000000332
N/A
0
Franklin Templeton Financial Services Corp.
8-29504
000013594
N/A
0
Franklin Templeton Investment Services, Inc.
8-43206
000027884
N/A
0
ROBERT W BAIRD & CO INC
8-497
000008158
549300772UJAHRD6LO53
29035
GOLDMAN, SACHS & CO LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
21692
SANFORD C. BERNSTEIN & CO., LLC
8-52942
000104474
549300I7JYZHT7D5CO04
25796
ROSENBLATT SECURITIES INC.
8-24255
000018377
549300KXQP6H4QO07E91
59754
STIFEL NICKOLAUS & CO., INC.
8-1447
000000793
5WUVMA08EYG4KEUPW589
14063
VIRTU AMERICAS LLC
8-68193
000149823
549300RA02N3BNSWBV74
20870
JEFFERIES LLC
8-15074
000002347
58PU97L1C0WSRCWADL48
18844
WEEDEN & CO LP
8-37267
000016835
549300OYBLKSN8M8EW67
21600
COWEN AND CO LLC
8-22522
000007616
549300WR155U7DVMIW58
13158
LIQUID NET
8-52461
000103987
213800HSKBBO1GCVRG79
13195
344514
GOLDMAN, SACHS & CO LLC
8-129
000000361
FOR8UP27PHTHYVLBNG30
61693521
WELLS FARGO SECURITIES LLC
8-65876
000126292
VYVVCKR63DVZZN70PB21
23283740
CREDIT SUISSE SEC (USA) LLC
8-422
000000816
1V8Y6QCX6YMJ2OELII46
41506255
BOFA SECURITIES INC
8-69787
000283942
549300HN4UKV1E2R3U73
19220211
MITSUBISHI UFJ M STANLEY
8-43026
000019685
K5HU16E3LMSVCCJJJ255
28631656
OPPENHEIMER AND CO INC
8-4077
000000249
254900VH02JQR2L8XD64
12429490
RBC DOMINION SECURITIES INC. (TORONTO)
N/A
N/A
549300QJJX6CVVUXLE15
CA
12602080
CITIGROUP GLOBAL MARKETS INC
8-8177
000007059
MBNUM2BPBDO7JBLYG310
70540149
BARCLAYS CAPITAL INC
8-41342
000019714
AC28XWWI3WIBK2824319
56973307
JP MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
17938900
347901865
Y
2311155981
Committed
2000000000
N
N
N
N
Franklin Adjustable U.S. Government Securities Fund
S000006850
549300OAF2KY89TO9M53
N
5
0
0
N/A
N
N
Y
N
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
N/A
N/A
N/A
Rule 22d-1 (17 CFR 270.22d-1)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 12d1-1 (17 CFR 270.12d1-1)
Y
Y
N
N
Franklin Advisers, Inc
801-26292
000104517
B1CG1NRZIDDJ0DQEXB52
N
Franklin Templeton Investor Services, LLC
084-01036
N/A
Y
N
N
Bloomberg Finance L.P
5493001KJTIIGC8Y1R12
N
IHS Markit Ltd.
549300HLPTRASHS0E726
N
Refinitiv US LLC
549300WQWDPFSMQ8I087
N
Intercontinental Exchange, Inc
5493000F4ZO33MV32P92
N
N
The Bank of New York Mellon
HPFHU0OQ28E4N0NFVK49
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
Franklin Templeton Investor Services LLC
N/A
Y
N
Self - rule 17f-2 (17 CFR 270.17f-2)
N
Franklin Templeton Investor Services, LLC
084-01036
SEC File Number
Y
N
N
Franklin Templeton Services, LLC
549300DFD0POOJZ42788
Y
N
N
Franklin Templeton Financial Services Corp.
8-29504
000013594
N/A
0
Franklin Templeton Distributors Inc.
8-5889
000000332
N/A
0
Franklin Templeton Investment Services, Inc.
8-43206
000027884
N/A
0
0
AMHERST SECURITIES
8-68282
000150696
549300LGG2RLWD21SU97
15173133
BREAN MURRAY CAPITAL LLC
8-40742
000023723
254900ZZA1UBVDCNQ378
856939
HSBC SECURITIES (USA) INC
8-41562
000019585
CYYGQCGNHMHPSMRL3R97
224314565
DEUTSCHE BANK SECURITIES INC.
8-17822
000002525
9J6MBOOO7BECTDTUZW19
291003338
BNP PARIBAS SECURITIES CORP
8-32682
000015794
RCNB6OTYUAMMP879YW96
942585972
BARCLAYS CAPITAL INC
8-41342
000019714
AC28XWWI3WIBK2824319
30240234
JP MORGAN SECURITIES LLC
8-35008
000000079
ZBUT11V806EZRVTWT807
31272498
MITSUBISHI UFJ M STANLEY
8-43026
000019685
K5HU16E3LMSVCCJJJ255
13212145
1548658825
N
756633257
Committed
2000000000
N
N
N
N
false
false
true
false
true
false
EXEMPT ORDER INFO
2
IC-33117_4fj3ageu.txt
IC-33117
UNITED STATES OF AMERICA
BEFORE THE
SECURITIES AND EXCHANGE COMMISSION
INVESTMENT COMPANY ACT OF 1940
Release No. 33117 / June 5, 2018
__________________________________________________________________
In the Matter of :
:
FRANKLIN ALTERNATIVE STRATEGIES FUNDS :
FRANKLIN CALIFORNIA TAX-FREE INCOME FUND :
FRANKLIN CALIFORNIA TAX-FREE TRUST :
FRANKLIN CUSTODIAN FUNDS :
FRANKLIN ETF TRUST :
FRANKLIN FEDERAL TAX-FREE INCOME FUND :
FRANKLIN FLOATING RATE MASTER TRUST :
FRANKLIN FUND ALLOCATOR SERIES :
FRANKLIN GLOBAL TRUST :
FRANKLIN GOLD AND PRECIOUS METALS FUND :
FRANKLIN HIGH INCOME TRUST :
FRANKLIN INVESTORS SECURITIES TRUST :
FRANKLIN MANAGED TRUST :
FRANKLIN U.S. GOVERNMENT MONEY FUND :
FRANKLIN MUNICIPAL SECURITIES TRUST :
FRANKLIN MUTUAL SERIES FUNDS :
FRANKLIN NEW YORK TAX-FREE INCOME FUND :
FRANKLIN NEW YORK TAX-FREE TRUST :
FRANKLIN REAL ESTATE SECURITIES TRUST :
FRANKLIN STRATEGIC MORTGAGE PORTFOLIO :
FRANKLIN STRATEGIC SERIES :
FRANKLIN TAX-FREE TRUST :
FRANKLIN TEMPLETON ETF TRUST :
FRANKLIN TEMPLETON GLOBAL TRUST :
FRANKLIN TEMPLETON INTERNATIONAL TRUST :
FRANKLIN TEMPLETON MONEY FUND TRUST :
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST :
FRANKLIN VALUE INVESTORS TRUST :
INSTITUTIONAL FIDUCIARY TRUST :
TEMPLETON CHINA WORLD FUND :
TEMPLETON DEVELOPING MARKETS TRUST :
TEMPLETON FUNDS :
TEMPLETON GLOBAL INVESTMENT TRUST :
TEMPLETON GLOBAL OPPORTUNITIES TRUST :
TEMPLETON GLOBAL SMALLER COMPANIES FUND :
TEMPLETON GROWTH FUND, INC. :
TEMPLETON INCOME TRUST :
TEMPLETON INSTITUTIONAL FUNDS :
THE MONEY MARKET PORTFOLIOS :
FRANKLIN LIMITED DURATION INCOME TRUST :
2
FRANKLIN UNIVERSAL TRUST :
TEMPLETON DRAGON FUND, INC. :
TEMPLETON EMERGING MARKETS FUND :
TEMPLETON EMERGING MARKETS INCOME FUND :
TEMPLETON GLOBAL INCOME FUND :
FRANKLIN ADVISERS, INC. :
FRANKLIN TEMPLETON INVESTMENT MANAGEMENT LIMITED :
K2/D&S MANAGEMENT CO., L.L.C. :
FASA LLC :
FRANKLIN TEMPLETON INSTITUTIONAL, LLC :
FRANKLIN ADVISORY SERVICES, LLC :
FRANKLIN MUTUAL ADVISERS, LLC :
TEMPLETON INVESTMENT COUNSEL, LLC :
TEMPLETON ASSET MANAGEMENT LTD. :
TEMPLETON GLOBAL ADVISORS LIMITED :
:
One Franklin Parkway :
San Mateo, CA 94403 :
:
(812-14819) :
__________________________________________________________________:
ORDER UNDER SECTION 6(c) OF THE INVESTMENT COMPANY ACT OF 1940
GRANTING AN EXEMPTION FROM SECTIONS 18(f) AND 21(b) OF THE ACT;
UNDER
SECTION 12(d)(1)(J) OF THE ACT GRANTING AN EXEMPTION FROM SECTION
12(d)(1) OF THE ACT; UNDER SECTIONS 6(c) AND 17(b) OF THE ACT
GRANTING AN
EXEMPTION FROM SECTIONS 17(a)(1), 17(a)(2), AND 17(a)(3) OF THE
ACT; AND
UNDER SECTION 17(d) OF THE ACT AND RULE 17d-1 UNDER THE ACT TO
PERMIT
CERTAIN JOINT ARRANGEMENTS AND TRANSACTIONS
Franklin Alternative Strategies Funds, Franklin California Tax-Free
Income Fund, Franklin
California Tax-Free Trust, Franklin Custodian Funds, Franklin ETF
Trust, Franklin Federal Tax-
Free Income Fund, Franklin Floating Rate Master Trust, Franklin Fund
Allocator Series, Franklin
Global Trust, Franklin Gold and Precious Metals Fund, Franklin High
Income Trust, Franklin
Investors Securities Trust, Franklin Managed Trust, Franklin U.S.
Government Money Fund,
Franklin Municipal Securities Trust, Franklin Mutual Series Funds,
Franklin New York Tax-Free
Income Fund, Franklin New York Tax-Free Trust, Franklin Real Estate
Securities Trust, Franklin
Strategic Mortgage Portfolio, Franklin Strategic Series, Franklin
Tax-Free Trust, Franklin
Templeton ETF Trust, Franklin Templeton Global Trust, Franklin
Templeton International Trust,
Franklin Templeton Money Fund Trust, Franklin Templeton Variable
Insurance Products Trust,
Franklin Value Investors Trust, Institutional Fiduciary Trust,
Templeton China World Fund,
Templeton Developing Markets Trust, Templeton Funds, Templeton
Global Investment Trust,
Templeton Global Opportunities Trust, Templeton Global Smaller
Companies Fund, Templeton
Growth Fund, Inc., Templeton Income Trust, Templeton Institutional
Funds, The Money Market
Portfolios, Franklin Limited Duration Income Trust, Franklin
Universal Trust, Templeton Dragon
Fund, Inc., Templeton Emerging Markets Fund, Templeton Emerging
Markets Income Fund, and
Templeton Global Income Fund, Franklin Advisers, Inc., Franklin
Templeton Investment
Management Limited, K2/D&S Management Co., L.L.C., FASA LLC,
Franklin Templeton
Institutional, LLC, Franklin Advisory Services, LLC, Franklin
Mutual Advisers, LLC, Templeton
3
Investment Counsel, LLC, Templeton Asset Management Ltd., and
Templeton Global Advisors
Limited filed an application on September 14, 2017, and an
amendment on March 9, 2018.
Applicants requested an order under section 6(c) of the Investment
Company Act of 1940 (the
"Act") for an exemption from sections 18(f) and 21(b) of the Act,
under section 12(d)(1)(J) of
the Act for an exemption from section 12(d)(1) of the Act, under
sections 6(c) and 17(b) of the
Act for an exemption from sections 17(a)(1), 17(a)(2), and 17(a)(3)
of the Act, and under section
17(d) of the Act and rule 17d-1 under the Act to permit certain
joint arrangements and
transactions. The order supersedes a prior order1 and permits
certain registered management
investment companies to participate in a joint lending and
borrowing facility.
On May 10, 2018, a notice of the filing of the application was
issued (Investment Company Act
Release No. 33095). The notice gave interested persons an
opportunity to request a hearing and
stated that an order disposing of the application would be issued
unless a hearing was ordered.
No request for a hearing has been filed, and the Commission has
not ordered a hearing.
The matter has been considered and it is found, on the basis of
the information set forth in the
application, as amended, that granting the requested exemption
is consistent with and appropriate
in the public interest, and consistent with the protection of
investors and the purposes fairly
intended by the policy and provisions of the Act.
It is also found that the terms of the proposed transactions,
including the consideration to be paid
or received, are reasonable and fair and do not involve
overreaching on the part of any person
concerned, and that the proposed transactions are consistent
with the policy of each registered
investment company concerned and the general purposes of the
Act.
It is further found that the participation of each registered
investment company in the proposed
credit facility is consistent with the provisions, policies,
and purposes of the Act, and not on a
basis different from or less advantageous than that of other
participants.
Accordingly, in the matter of Franklin Alternative Strategies
Funds, et al., (File No. 812-14819),
IT IS ORDERED, under section 6(c) of the Act, that the requested
exemptions from sections
18(f) and 21(b) of the Act are granted, effective immediately,
subject to the conditions in the
application, as amended.
IT IS FURTHER ORDERED, under section 12(d)(1)(J) of the Act,
that the requested exemption
from section 12(d)(1) of the Act is granted, effective immediately,
subject to the conditions in
the application, as amended.
IT IS FURTHER ORDERED, under sections 6(c) and 17(b) of the Act,
that the requested
exemptions from sections 17(a)(1), 17(a)(2), and 17(a)(3) of the
Act are granted, effective
immediately, subject to the conditions in the application, as
amended.
1 Franklin Gold Fund, et al., Investment Company Act Release Nos.
24016 (Sept. 16, 1999) (notice) and
24080 (Oct. 13, 1999) (order).
4
IT IS FURTHER ORDERED, under section 17(d) of the Act and rule
17d-1 under the Act, that
the proposed transactions are approved, effective immediately,
subject to the conditions in the
application, as amended.
For the Commission, by the Division of Investment Management,
under delegated authority.
Eduardo A. Aleman
Assistant Secretary
EXEMPT ORDER INFO
3
IC-15534_hrgj00pu.txt
IC-15534
SEC Releases, In the Matter of Age High Income Fund, Inc., et al.,
777 Mariners Island Boulevard, San Mateo, CA 94404, Securities and
Exchange Commission, (Jan. 13, 1987)
SEC Releases
Click to open document in a browser
37 SEC-DOCKET 569-02
Release No. IC-15534
File No. 812-6505
January 13, 1987
ORDER PERMITTING JOINT TRADING ACCOUNTS
AGE High Income Fund, Inc; Birr, Wilson Money Fund; Franklin
California Tax-Free Income Fund, Inc.; Franklin New York Tax-Free
Income Fund, Inc; Franklin California Tax-Free Trust; Franklin
Tax-Free Trust; Franklin Corporate Cash Management Fund; Franklin
Custodian Funds, Inc; Franklin Equity Fund; Franklin Federal Money
Fund; Franklin Federal Tax-Free Income Fund; Franklin Gold Fund;
Franklin Money Fund; Franklin Option Fund; Franklin Tax-Exempt Money
Fund; Franklin New York Tax-Exempt Money Fund; Franklin
Pennsylvania Investors Fund; and Institutional Fiduciary Trust
("Funds") and Franklin Advisers, Inc., filed an application on
October 17, 1986, and an amendment thereto on November 24,
1986, requesting an order of the Commission under Section 17(d)
of the Investment Company Act of 1940 ("Act") and Rule 17d-1
thereunder to permit the Funds, as well as future investment
companies for which subsidiaries or affiliates of Franklin
Resources, Inc. serve as investment managers, to deposit
their cash balances remaining uninvested at the end of each
trading day into a single joint account whose daily balance
would be used to enter into one or more repurchase agreements
in a total amount equal to the aggregate daily balance in
the account ("Joint Accounts").
On December 17, 1986, a notice was issued (Investment Company
Act Release No. 15485) of the filing of the application. The
notice gave interested persons an opportunity to request a
hearing and stated that an order disposing of the application
would be issued as of course unless a hearing should be ordered.
No request for a hearing has been filed, and the Commission has
not ordered a hearing.
The matter having been considered, it is found that the
participation of the Funds in the Joint Accounts is consistent
with the provisions, policies and purposes of the Act and that
their participation in the Joint Accounts is not on a basis less
advantageous than that of any other participant. Accordingly,
IT IS ORDERED, pursuant to Section 17(d) of the Act and Rule 17d-1
thereunder that the application to permit the Funds to participate
in the Joint Accounts as described in the application, be, and
hereby is granted, effective forthwith.
For the Commission, by the Division of Investment Management,
under delegated authority.
Jonathan G. Katz
Secretary
EXEMPT ORDER INFO
4
IC-30698_wxme5w0z.txt
IC-30698
UNITED STATES OF AMERICA
BEFORE THE
SECURITIES AND EXCHANGE COMMISSION
INVESTMENT COMPANY ACT OF 1940 Release No. 30698 / September 24,
2013
In the Matter of
FRANKLIN TEMPLETON INTERNATIONAL TRUST FRANKLIN TEMPLETON VARIABLE
INSURANCE PRODUCTS
TRUST
TEMPLETON INCOME TRUST
TEMPLETON GLOBAL INVESTMENT TRUST FRANKLIN ALTERNATIVE STRATEGIES
FUNDS
K2/D&S MANAGEMENT CO., L.L.C. TEMPLETON ASSET MANAGEMENT LTD.
FRANKLIN ADVISERS, INC. One Franklin Parkway
San Mateo, CA 94403-1906
(File No. 812-14167)
ORDER UNDER SECTION 6(c) OF THE INVESTMENT COMPANY ACT OF 1940
GRANTING AN EXEMPTION FROM SECTION 15(a) OF THE ACT AND RULE 18f-2
UNDER THE ACT AND CERTAIN DISCLOSURE REQUIREMENTS
Franklin Templeton International Trust, Franklin Templeton Variable
Insurance Products Trust,
Templeton Income Trust, Templeton Global Investment Trust, Franklin
Alternative Strategies
Funds, K2/D&S Management Co., L.L.C., Templeton Asset Management
Ltd., and Franklin
Advisers, Inc. filed an application on June 13, 2013, and an
amendment
to the application on
August 27, 2013, requesting an order under section 6(c) of the
Investment Company Act of 1940
(the "Act") for an exemption from section 15(a) of the Act and
rule 18f-2 under the Act, as well
as from certain disclosure requirements. The order supersedes a
prior order1 and permits
applicants to enter into and materially amend subadvisory agreements
without shareholder
approval and also grants relief from certain disclosure
requirements.
1 Franklin Advisers, Inc. and Franklin Templeton International
Trust, Investment Company Act Release Nos.
30105 (Jun. 18, 2012) (notice) and 30138 (Jul. 17, 2012) (order).
2
On August 27, 2013, a notice of the filing of the application was
issued (Investment Company
Act Release No. 30679. The notice gave interested persons an
opportunity to request a hearing
and stated that an order granting the application would be issued
unless a hearing was ordered.
No request for a hearing has been filed, and the Commission has
not ordered a hearing.
The matter has been considered and it is found, on the basis of
the information set forth in the
application, as amended, that granting the requested exemption is
appropriate in the public
interest and consistent with the protection of investors and the
purposes fairly intended by the
policy and provisions of the Act.
Accordingly,
IT IS ORDERED, under section 6(c) of the Act, that the relief
requested by Franklin Templeton
International Trust, et al. (File No. 812-14167) is granted,
effective immediately, subject to the
conditions contained in the application, as amended.
For the Commission, by the Division of Investment Management,
under delegated authority.
Kevin M. O'Neill
Deputy Secretary
EXEMPT ORDER INFO
5
IC-32722_e5egqloz.txt
IC-32722
UNITED STATES OF AMERICA
BEFORE THE
SECURITIES AND EXCHANGE COMMISSION
INVESTMENT COMPANY ACT OF 1940
Release no. 32722/July 3, 2017
________________________________________________
In the Matter of :
:
Franklin Fund Allocator Series :
Franklin Advisers, Inc. :
Franklin Templeton Distributors, Inc. :
:
One Franklin Parkway :
San Mateo, CA 94403 :
:
(812-14611) :
________________________________________________:
ORDER UNDER SECTION 12(d)(1)(J) OF THE INVESTMENT COMPANY ACT OF
1940 GRANTING AN EXEMPTION FROM SECTIONS 12(d)(1)(A), (B), AND
(C) OF THE ACT, UNDER SECTIONS 6(c) AND 17(b) OF THE ACT
GRANTING AN EXEMPTION FROM SECTION 17(a) OF THE ACT, AND UNDER
SECTION 6(C) OF THE ACT FOR AN EXEMPTION FROM RULE 12d1-2(a)
UNDER THE ACT
Franklin Fund Allocator Series, Franklin Advisers, Inc., and
Franklin Templeton Distributors, Inc. filed an application
on February 9, 2016, and an amendment to the application on
May 23, 2017, requesting an order under section 12(d)(1)(J)
of the Investment Company Act of 1940 (the "Act") granting
an exemption from sections 12(d)(1)(A), (B), and (C) of the
Act, under sections 6(c) and 17(b) of the Act granting an
exemption from section 17(a) of the Act, and under section
6(c) of the Act for an exemption from rule 12d1-2(a) under
the Act. The order would permit (a) certain registered open-end
management investment companies that operate as "funds of funds"
to acquire shares of certain registered open-end management
investment companies, registered closed-end management investment
companies, "business development companies," as defined by section
2(a)(48) of the Act, and registered unit investment trusts that
are within and outside the same group of investment companies as
the acquiring investment companies and (b) certain registered
open-end management investment companies relying on rule 12d1-2
under the Act to invest in certain financial instruments.
On June 5, 2017, a notice of the filing of the application was
issued (Investment Company Act Release No. 32669). The notice
gave interested persons an opportunity to request a hearing
and stated that an order granting the application would be
issued unless a hearing was ordered. No request for a hearing
has been filed, and the Commission has not ordered a hearing.
2
The matter has been considered and it is found, on the basis
of the information set forth in the application, as amended,
that granting the requested exemption is appropriate in and
consistent with the public interest and consistent with the
protection of investors and the purposes fairly intended by
the policy and provisions of the Act.
It is also found that the terms of the proposed transactions
are reasonable and fair and do not involve overreaching, and
the proposed transactions are consistent with the policies of
each registered investment company concerned and with the
general purposes of the Act.
Accordingly,
IT IS ORDERED, that the relief requested under section 12(d)(1)(J)
of the Act from sections 12(d)(1)(A), (B), and (C) of the Act,
under sections 6(c) and 17(b) of the Act from section 17(a) of
the Act, and under section 6(c) of the Act for an exemption from
rule 12d1-2(a) under the Act by Franklin Fund Allocator Series,
et al. (File No. 812-14611) is granted, effective immediately,
subject to the conditions contained in the application, as amended.
For the Commission, by the Division of Investment Management,
under delegated authority.
Eduardo Aleman
Assistant Secretary
INTERNAL CONTROL RPT
6
A02.01_-FIST_N-CEN_Letter.txt
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of Franklin Investor Securities
Trust and Shareholders of Franklin Adjustable U.S.
Government Securities Fund, Franklin Convertible Securities Fund,
Franklin Equity Income Fund, Franklin Floating Rate Daily Access
Fund, Franklin Low Duration Total Return Fund, Franklin Managed
Income Fund,Franklin Real Return Fund and Franklin Total Return Fund.
In planning and performing our audits of the financial statements
of Franklin Adjustable U.S. Government Securities Fund, Franklin
Convertible Securities Fund, Franklin Equity Income Fund, Franklin
Floating Rate Daily Access Fund, Franklin Low Duration Total
Return Fund, Franklin Managed Income Fund, Franklin Real Return
Fund and Franklin Total Return Fund (the "Funds") as of and
for the year ended October 31, 2019, in accordance with the
standards of the Public Company Accounting Oversight Board
(United States) (PCAOB), we considered the Funds' internal
control over financial reporting, including controls over
safeguarding securities, as a basis for designing our
auditing procedures for the purpose of expressing our o
pinion on the financial statements and to comply with the
requirements of Form N-CEN, but not for the purpose of
expressing an opinion on the effectiveness of the Funds'
internal control over financial reporting. Accordingly,
we do not express an opinion on the effectiveness of the
Funds' internal control over financial reporting.
The management of the Funds is responsible for establishing
and maintaining effective internal control over financial
reporting. In fulfilling this responsibility, estimates
and judgments by management are required to assess the expected
benefits and related costs of controls. A company's internal
control over financial reporting is a process designed to
provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted
accounting principles. A company's internal control over financial
reporting includes those policies and procedures that (1) pertain
to the maintenance of records that, in reasonable detail, accurately
and fairly reflect the transactions and dispositions of the assets
of the company; (2) provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial
statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the
company are being made only in accordance with authorizations
of management and directors of the company; and (3) provide
reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of a
company's assets that could have a material effect on the
financial statements.
Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to
future periods are subject to the risk that controls may
become inadequate because of changes in conditions, or
that the degree of compliance with the policies or
procedures may deteriorate.
A deficiency in internal control over financial reporting
exists when the design or operation of a control does not
allow management or employees, in the normal course of
performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is
a deficiency, or a combination of deficiencies, in internal
control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the
company's annual or interim financial statements will not be
prevented or detected on a timely basis.
Our consideration of the Funds' internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies
in internal control over financial reporting that might be
material weaknesses under standards established by the PCAOB.
However, we noted no deficiencies in the Funds' internal
control over financial reporting and its operation,
including controls over safeguarding securities,
that we consider to be a material weakness as defined
above as of October 31, 2019.
This report is intended solely for the information and
use of the Board of Trustees of Franklin Investors Securities
Trust and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than
these specified parties.
/s/PricewaterhouseCoopers LLP
San Francisco, California
December 17, 2019