NPORT-EX 2 FIST.htm
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
11
Franklin
Long
Duration
Credit
Fund
28
Franklin
Low
Duration
Total
Return
Fund
39
Franklin
Low
Duration
U.S.
Government
Securities
Fund
130
Franklin
Managed
Income
Fund
133
Franklin
Total
Return
Fund
143
Notes
to
Schedules
of
Investments
246
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2024
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
1.0%
Metals
&
Mining
1.0%
a
Ivanhoe
Mines
Ltd.
,
A
................................
Canada
2,024,109
$
26,458,462
Total
Common
Stocks
(Cost
$
14,592,664
)
....................................
26,458,462
Convertible
Preferred
Stocks
7.4%
Chemicals
1.8%
Albemarle
Corp.
,
7.25
%
..............................
United
States
1,063,200
47,546,304
Electric
Utilities
2.1%
a
NextEra
Energy,
Inc.
,
7.299
%
..........................
United
States
1,040,000
54,132,000
a
Financial
Services
2.3%
Apollo
Global
Management,
Inc.
,
6.75
%
..................
United
States
910,000
61,880,000
Machinery
1.2%
RBC
Bearings,
Inc.
,
5
%
,
A
.............................
United
States
250,000
32,255,000
Total
Convertible
Preferred
Stocks
(Cost
$
174,360,000
)
........................
195,813,304
Principal
Amount
*
Convertible
Bonds
89.4%
Aerospace
&
Defense
2.4%
Axon
Enterprise,
Inc.
,
Senior
Note
,
0.5
%
,
12/15/27
..........
United
States
45,000,000
63,324,676
Biotechnology
6.7%
Ascendis
Pharma
A/S
,
Senior
Note
,
2.25
%
,
4/01/28
.........
Denmark
32,500,000
35,989,541
b
Immunocore
Holdings
plc
,
Senior
Note
,
144A,
2.5
%
,
2/01/30
...
United
Kingdom
20,000,000
17,590,588
Insmed,
Inc.
,
Senior
Note
,
0.75
%
,
6/01/28
.................
United
States
22,000,000
50,160,000
Mirum
Pharmaceuticals,
Inc.
,
Senior
Note
,
4
%
,
5/01/29
.......
United
States
16,500,000
24,892,545
PTC
Therapeutics,
Inc.
,
Senior
Note
,
1.5
%
,
9/15/26
..........
United
States
48,000,000
48,146,097
176,778,771
Broadline
Retail
4.1%
b
Alibaba
Group
Holding
Ltd.
,
Senior
Note
,
144A,
0.5
%
,
6/01/31
.
China
54,000,000
54,359,777
Etsy,
Inc.
,
Senior
Note
,
0.125
%
,
9/01/27
..................
United
States
64,500,000
55,188,246
109,548,023
Communications
Equipment
0.8%
Viavi
Solutions,
Inc.
,
1.625
%
,
3/15/26
....................
United
States
20,709,000
20,138,999
Construction
&
Engineering
1.8%
b
Fluor
Corp.
,
Senior
Note
,
144A,
1.125
%
,
8/15/29
............
United
States
39,000,000
47,901,750
Consumer
Staples
Distribution
&
Retail
0.9%
Chefs'
Warehouse,
Inc.
(The)
,
Senior
Note
,
2.375
%
,
12/15/28
..
United
States
21,000,000
24,425,100
Electric
Utilities
3.3%
b
PG&E
Corp.
,
Senior
Secured
Note
,
144A,
4.25
%
,
12/01/27
....
United
States
52,000,000
53,703,000
b
PNM
Resources,
Inc.
,
Junior
Sub.
Bond
,
144A,
5.75
%
,
6/01/54
.
United
States
31,500,000
33,578,994
87,281,994
Energy
Equipment
&
Services
1.0%
Oil
States
International,
Inc.
,
Senior
Note
,
4.75
%
,
4/01/26
.....
United
States
28,000,000
27,692,000
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)
Financial
Services
5.2%
Block,
Inc.
,
Senior
Note
,
0.25
%
,
11/01/27
.................
United
States
45,000,000
$
37,946,250
b
Global
Payments,
Inc.
,
Senior
Note
,
144A,
1.5
%
,
3/01/31
.....
United
States
50,000,000
47,500,000
Shift4
Payments,
Inc.
,
Senior
Note
,
Zero
Cpn.,
12/15/25
.....................
United
States
19,000,000
20,634,000
Senior
Note
,
0.5
%
,
8/01/27
..........................
United
States
35,000,000
32,847,500
138,927,750
Food
Products
3.3%
Freshpet,
Inc.
,
Senior
Note
,
3
%
,
4/01/28
..................
United
States
25,500,000
47,924,503
Post
Holdings,
Inc.
,
Senior
Note
,
2.5
%
,
8/15/27
.............
United
States
36,000,000
41,004,000
88,928,503
Ground
Transportation
4.0%
b
Lyft,
Inc.
,
Senior
Note
,
144A,
0.625
%
,
3/01/29
..............
United
States
54,300,000
51,139,668
Uber
Technologies,
Inc.
,
Senior
Note
,
Zero
Cpn.,
12/15/25
.....................
United
States
30,000,000
30,975,000
b
2028
,
Senior
Note
,
144A,
0.875
%
,
12/01/28
.............
United
States
20,500,000
22,898,500
105,013,168
Health
Care
Equipment
&
Supplies
7.9%
Dexcom,
Inc.
,
Senior
Note
,
0.25
%
,
11/15/25
........................
United
States
31,000,000
29,208,776
Senior
Note
,
0.375
%
,
5/15/28
........................
United
States
32,250,000
28,249,153
Haemonetics
Corp.
,
Senior
Note
,
Zero
Cpn.,
3/01/26
......................
United
States
25,500,000
23,307,000
b
Senior
Note
,
144A,
2.5
%
,
6/01/29
.....................
United
States
31,000,000
31,899,000
Insulet
Corp.
,
Senior
Note
,
0.375
%
,
9/01/26
...............
United
States
50,000,000
54,112,500
Integer
Holdings
Corp.
,
Senior
Note
,
2.125
%
,
2/15/28
........
United
States
30,000,000
43,860,000
210,636,429
Health
Care
REITs
2.1%
b
Welltower
OP
LLC
,
Senior
Note
,
144A,
3.125
%
,
7/15/29
......
United
States
52,000,000
54,522,000
Hotel
&
Resort
REITs
0.9%
Pebblebrook
Hotel
Trust
,
Senior
Note
,
1.75
%
,
12/15/26
.......
United
States
26,000,000
23,257,000
Hotels,
Restaurants
&
Leisure
3.1%
Booking
Holdings,
Inc.
,
Senior
Note
,
0.75
%
,
5/01/25
.........
United
States
19,000,000
37,489,469
Vail
Resorts,
Inc.
,
Senior
Note
,
Zero
Cpn.,
1/01/26
..........
United
States
48,000,000
44,370,000
81,859,469
Industrial
REITs
2.3%
b
Rexford
Industrial
Realty
LP
,
Senior
Note
,
144A,
4.375
%
,
3/15/27
...................
United
States
20,000,000
20,360,000
Senior
Note
,
144A,
4.125
%
,
3/15/29
...................
United
States
40,000,000
40,860,000
61,220,000
Interactive
Media
&
Services
1.0%
b
Snap,
Inc.
,
Senior
Note
,
144A,
0.5
%
,
5/01/30
..............
United
States
28,000,000
26,250,000
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
4.2%
Cloudflare,
Inc.
,
Senior
Note
,
Zero
Cpn.,
8/15/26
............
United
States
66,200,000
$
60,920,550
Okta,
Inc.
,
Senior
Note
,
0.125
%
,
9/01/25
..................
United
States
53,000,000
50,297,000
111,217,550
Leisure
Products
1.9%
b
Peloton
Interactive,
Inc.
,
Senior
Note
,
144A,
5.5
%
,
12/01/29
...
United
States
49,000,000
50,773,649
Life
Sciences
Tools
&
Services
1.5%
b
Repligen
Corp.
,
Senior
Note
,
144A,
1
%
,
12/15/28
...........
United
States
36,000,000
39,041,937
Media
3.1%
b
Liberty
Broadband
Corp.
,
Senior
Bond
,
144A,
3.125
%
,
3/31/53
.
United
States
55,500,000
56,537,850
Liberty
Media
Corp.
,
Senior
Note
,
3.75
%
,
3/15/28
...........
United
States
23,000,000
24,495,000
81,032,850
Multi-Utilities
2.2%
b
CenterPoint
Energy,
Inc.
,
Senior
Note
,
144A,
4.25
%
,
8/15/26
...
United
States
59,000,000
58,675,500
Pharmaceuticals
2.6%
Jazz
Investments
I
Ltd.
,
Senior
Note
,
1.5
%
,
8/15/24
..........................
United
States
14,750,000
14,735,879
Senior
Note
,
2
%
,
6/15/26
...........................
United
States
55,000,000
53,928,860
68,664,739
Real
Estate
Management
&
Development
1.2%
Zillow
Group,
Inc.
,
Senior
Note
,
2.75
%
,
5/15/25
.............
United
States
31,500,000
32,426,100
Semiconductors
&
Semiconductor
Equipment
6.4%
MACOM
Technology
Solutions
Holdings,
Inc.
,
Senior
Note
,
0.25
%
,
3/15/26
...................................
United
States
31,000,000
40,664,532
b
Microchip
Technology,
Inc.
,
Senior
Note
,
144A,
0.75
%
,
6/01/30
.
United
States
52,500,000
52,864,875
b
MKS
Instruments,
Inc.
,
Senior
Note
,
144A,
1.25
%
,
6/01/30
....
United
States
40,000,000
42,340,000
Wolfspeed,
Inc.
,
Senior
Note
,
0.25
%
,
2/15/28
.........................
United
States
29,900,000
16,011,450
Senior
Note
,
1.875
%
,
12/01/29
.......................
United
States
35,000,000
17,725,368
169,606,225
Software
9.3%
BILL
Holdings,
Inc.
,
Senior
Note
,
Zero
Cpn.,
12/01/25
........
United
States
37,500,000
34,931,250
BlackLine,
Inc.
,
Senior
Note
,
0.125
%
,
8/01/24
..............
United
States
9,500,000
9,509,500
Envestnet,
Inc.
,
Senior
Note
,
0.75
%
,
8/15/25
.........................
United
States
4,900,000
4,809,350
Senior
Note
,
2.625
%
,
12/01/27
.......................
United
States
47,500,000
50,112,500
Guidewire
Software,
Inc.
,
Senior
Note
,
1.25
%
,
3/15/25
.......
United
States
44,000,000
59,334,000
HubSpot,
Inc.
,
Senior
Note
,
0.375
%
,
6/01/25
...............
United
States
19,500,000
34,505,250
Workiva,
Inc.
,
Senior
Note
,
1.125
%
,
8/15/26
........................
United
States
7,000,000
7,812,000
b
Senior
Note
,
144A,
1.25
%
,
8/15/28
....................
United
States
49,000,000
44,271,500
245,285,350
Specialty
Retail
6.2%
Burlington
Stores,
Inc.
,
Senior
Note
,
2.25
%
,
4/15/25
.........................
United
States
3,000,000
3,748,500
b
Senior
Note
,
144A,
1.25
%
,
12/15/27
...................
United
States
42,287,000
58,926,934
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
259
.
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Convertible
Bonds
(continued)
Specialty
Retail
(continued)
RealReal,
Inc.
(The)
,
Senior
Note
,
1
%
,
3/01/28
.............
United
States
30,000,000
$
14,793,000
RH
,
Senior
Note
,
Zero
Cpn.,
9/15/24
.....................
United
States
24,000,000
32,964,000
Wayfair,
Inc.
,
Senior
Note
,
3.25
%
,
9/15/27
.................
United
States
47,250,000
54,980,100
165,412,534
Total
Convertible
Bonds
(Cost
$
2,260,575,212
)
................................
2,369,842,066
Total
Long
Term
Investments
(Cost
$
2,449,527,876
)
...........................
2,592,113,832
a
Short
Term
Investments
1.6%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
1.6%
c,d
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
5.002
%
..
United
States
41,926,415
41,926,415
Total
Money
Market
Funds
(Cost
$
41,926,415
)
................................
41,926,415
Total
Short
Term
Investments
(Cost
$
41,926,415
)
..............................
41,926,415
a
Total
Investments
(Cost
$
2,491,454,291
)
99.4
%
................................
$2,634,040,247
Other
Assets,
less
Liabilities
0.6
%
...........................................
15,896,271
Net
Assets
100.0%
.........................................................
$2,649,936,518
a
a
a
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
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,
2024,
the
aggregate
value
of
these
securities
was
$905,995,522,
representing
34.2%
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,
2024
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
86.1%
Aerospace
&
Defense
2.4%
L3Harris
Technologies,
Inc.
............................
United
States
80,000
$
18,151,200
RTX
Corp.
........................................
United
States
661,500
77,719,635
95,870,835
Air
Freight
&
Logistics
1.5%
United
Parcel
Service,
Inc.
,
B
..........................
United
States
460,000
59,970,200
Banks
7.6%
Bank
of
America
Corp.
...............................
United
States
2,905,000
117,100,550
JPMorgan
Chase
&
Co.
...............................
United
States
895,000
190,456,000
307,556,550
Beverages
2.9%
Coca-Cola
Co.
(The)
.................................
United
States
780,000
52,057,200
PepsiCo,
Inc.
......................................
United
States
382,000
65,959,940
118,017,140
Capital
Markets
9.1%
Ares
Management
Corp.
,
A
............................
United
States
407,500
62,429,000
BlackRock,
Inc.
.....................................
United
States
57,500
50,398,750
Blackstone,
Inc.
....................................
United
States
365,000
51,884,750
Charles
Schwab
Corp.
(The)
...........................
United
States
947,500
61,767,525
Morgan
Stanley
.....................................
United
States
1,361,500
140,520,415
367,000,440
Chemicals
2.1%
Corteva,
Inc.
.......................................
United
States
377,500
21,177,750
Huntsman
Corp.
....................................
United
States
795,000
19,024,350
Linde
plc
..........................................
United
States
100,000
45,350,000
85,552,100
Commercial
Services
&
Supplies
0.2%
Republic
Services,
Inc.
,
A
.............................
United
States
50,000
9,716,000
Communications
Equipment
1.6%
Cisco
Systems,
Inc.
.................................
United
States
1,355,000
65,649,750
Consumer
Finance
1.2%
American
Express
Co.
...............................
United
States
185,000
46,812,400
Consumer
Staples
Distribution
&
Retail
2.7%
Casey's
General
Stores,
Inc.
...........................
United
States
57,500
22,300,800
Target
Corp.
.......................................
United
States
118,600
17,838,626
Walmart,
Inc.
......................................
United
States
990,000
67,953,600
108,093,026
Electric
Utilities
4.8%
Duke
Energy
Corp.
..................................
United
States
840,000
91,786,800
Evergy,
Inc.
........................................
United
States
475,000
27,550,000
NextEra
Energy,
Inc.
.................................
United
States
440,000
33,611,600
PPL
Corp.
.........................................
United
States
1,410,000
41,905,200
194,853,600
Electrical
Equipment
2.8%
Eaton
Corp.
plc
.....................................
United
States
202,500
61,719,975
Emerson
Electric
Co.
................................
United
States
157,000
18,386,270
Hubbell,
Inc.
,
B
.....................................
United
States
77,500
30,662,875
110,769,120
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)
Electronic
Equipment,
Instruments
&
Components
1.6%
TE
Connectivity
Ltd.
.................................
United
States
420,000
$
64,818,600
Financial
Services
0.6%
Apollo
Global
Management,
Inc.
........................
United
States
185,000
23,182,350
Food
Products
0.7%
Mondelez
International,
Inc.
,
A
..........................
United
States
422,500
28,877,875
Ground
Transportation
0.8%
Norfolk
Southern
Corp.
...............................
United
States
127,000
31,694,120
Health
Care
Equipment
&
Supplies
2.0%
a
Boston
Scientific
Corp.
...............................
United
States
405,000
29,921,400
Medtronic
plc
......................................
United
States
625,000
50,200,000
80,121,400
Health
Care
Providers
&
Services
4.4%
HCA
Healthcare,
Inc.
.................................
United
States
210,000
76,240,500
UnitedHealth
Group,
Inc.
..............................
United
States
175,000
100,828,000
177,068,500
Health
Care
REITs
1.2%
Ventas,
Inc.
........................................
United
States
912,500
49,676,500
Hotels,
Restaurants
&
Leisure
1.0%
McDonald's
Corp.
...................................
United
States
158,500
42,065,900
Household
Products
2.5%
Procter
&
Gamble
Co.
(The)
...........................
United
States
635,000
102,082,600
Industrial
REITs
1.0%
Prologis,
Inc.
.......................................
United
States
311,500
39,264,575
Insurance
0.3%
Arthur
J
Gallagher
&
Co.
..............................
United
States
35,000
9,922,150
Interactive
Media
&
Services
0.7%
Alphabet,
Inc.
,
A
....................................
United
States
170,000
29,161,800
Life
Sciences
Tools
&
Services
2.3%
Danaher
Corp.
.....................................
United
States
112,250
31,102,230
Thermo
Fisher
Scientific,
Inc.
..........................
United
States
102,500
62,867,350
93,969,580
Machinery
1.2%
Caterpillar,
Inc.
.....................................
United
States
88,500
30,638,700
Illinois
Tool
Works,
Inc.
...............................
United
States
75,000
18,546,000
49,184,700
Media
1.1%
Comcast
Corp.
,
A
...................................
United
States
1,105,000
45,603,350
Oil,
Gas
&
Consumable
Fuels
9.3%
Canadian
Natural
Resources
Ltd.
.......................
Canada
1,070,000
37,963,600
Chevron
Corp.
.....................................
United
States
820,000
131,585,400
EOG
Resources,
Inc.
................................
United
States
535,000
67,838,000
Shell
plc
,
ADR
......................................
United
States
948,000
69,412,560
Suncor
Energy,
Inc.
..................................
Canada
1,680,000
67,065,600
373,865,160
Pharmaceuticals
5.9%
AstraZeneca
plc
,
ADR
................................
United
Kingdom
727,500
57,581,625
Johnson
&
Johnson
.................................
United
States
715,000
112,862,750
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)
Pharmaceuticals
(continued)
Merck
&
Co.,
Inc.
...................................
United
States
612,500
$
69,292,125
239,736,500
Residential
REITs
1.3%
Mid-America
Apartment
Communities,
Inc.
................
United
States
367,500
51,365,475
Semiconductors
&
Semiconductor
Equipment
3.8%
Broadcom,
Inc.
.....................................
United
States
527,500
84,758,700
Texas
Instruments,
Inc.
...............................
United
States
342,500
69,804,925
154,563,625
Software
2.6%
Oracle
Corp.
.......................................
United
States
745,000
103,890,250
Specialty
Retail
2.2%
Lowe's
Cos.,
Inc.
....................................
United
States
240,000
58,922,400
Tractor
Supply
Co.
..................................
United
States
120,000
31,598,400
90,520,800
Trading
Companies
&
Distributors
0.7%
United
Rentals,
Inc.
..................................
United
States
39,500
29,905,450
Total
Common
Stocks
(Cost
$
2,232,623,190
)
..................................
3,480,402,421
Equity-Linked
Securities
9.8%
Capital
Markets
1.1%
b
Royal
Bank
of
Canada
into
Blackstone,
Inc.
,
144A,
9
%
,
8/30/24
.
United
States
186,500
22,783,422
b
Wells
Fargo
Bank
NA
into
Charles
Schwab
Corp.
(The)
,
144A,
7
%
,
12/09/24
.....................................
United
States
348,500
22,103,431
44,886,853
Chemicals
0.5%
b
Wells
Fargo
Bank
NA
into
Huntsman
Corp.
,
144A,
8.5
%
,
6/03/25
United
States
785,000
18,855,926
Consumer
Finance
0.8%
b
Wells
Fargo
Bank
NA
into
American
Express
Co.
,
144A,
4
%
,
3/03/25
.........................................
United
States
132,000
32,141,822
Consumer
Staples
Distribution
&
Retail
1.1%
b
Royal
Bank
of
Canada
into
Target
Corp.
,
144A,
7.5
%
,
12/13/24
.
United
States
174,500
25,430,603
b
UBS
AG
into
Casey's
General
Stores,
Inc.
,
144A,
5
%
,
4/23/25
..
United
States
50,500
17,525,221
42,955,824
Diversified
Telecommunication
Services
0.7%
b
Barclays
Bank
plc
into
Telenor
ASA
,
144A,
6
%
,
8/07/25
.......
Norway
170,000
26,154,155
Electrical
Equipment
0.7%
b
Merrill
Lynch
BV
into
Hubbell,
Inc.
,
144A,
6.5
%
,
7/10/25
......
United
States
72,000
27,810,524
Health
Care
Providers
&
Services
0.5%
b
Citigroup
Global
Markets
Holdings,
Inc.
into
HCA
Healthcare,
Inc.
,
144A,
6
%
,
6/13/25
.................................
United
States
62,000
21,321,341
Industrial
REITs
0.6%
b
Barclays
Bank
plc
into
Prologis,
Inc.
,
144A,
7
%
,
1/17/25
......
United
States
199,500
25,489,083
Interactive
Media
&
Services
0.5%
b
Jefferies
Financial
Group,
Inc.
into
Alphabet,
Inc.
,
144A,
7.5
%
,
4/16/25
.........................................
United
States
127,000
21,264,293
Life
Sciences
Tools
&
Services
1.3%
b
Mizuho
Markets
Cayman
LP
into
Danaher
Corp.
,
144A,
5
%
,
5/15/25
.........................................
United
States
116,500
30,793,451
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Equity
Income
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
9
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Equity-Linked
Securities
(continued)
Life
Sciences
Tools
&
Services
(continued)
b
Royal
Bank
of
Canada
into
Thermo
Fisher
Scientific,
Inc.
,
144A,
5.5
%
,
10/09/24
...................................
United
States
36,000
$
20,796,036
51,589,487
Machinery
0.7%
b
Citigroup
Global
Markets
Holdings,
Inc.
into
Caterpillar,
Inc.
,
144A,
8
%
,
11/01/24
................................
United
States
95,000
29,383,648
Oil,
Gas
&
Consumable
Fuels
0.7%
b
Barclays
Bank
plc
into
Canadian
Natural
Resources
Ltd.
,
144A,
9
%
,
2/03/25
......................................
Canada
396,000
26,815,460
Trading
Companies
&
Distributors
0.6%
b
Citigroup
Global
Markets
Holdings,
Inc.
into
United
Rentals,
Inc.
,
144A,
9
%
,
9/27/24
.................................
United
States
45,500
25,888,850
Total
Equity-Linked
Securities
(Cost
$
361,824,812
)
............................
394,557,266
Convertible
Preferred
Stocks
2.9%
Electric
Utilities
1.4%
c
NextEra
Energy,
Inc.
,
6.926
%
..........................
United
States
1,302,500
57,518,400
Financial
Services
1.5%
Apollo
Global
Management,
Inc.
,
6.75
%
..................
United
States
865,500
58,854,000
Total
Convertible
Preferred
Stocks
(Cost
$
102,603,055
)
........................
116,372,400
Total
Long
Term
Investments
(Cost
$
2,697,051,057
)
...........................
3,991,332,087
a
Short
Term
Investments
1.4%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
1.1%
d,e
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
5.002
%
..
United
States
42,958,633
42,958,633
Total
Money
Market
Funds
(Cost
$
42,958,633
)
................................
42,958,633
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
0.3%
Money
Market
Funds
0.3%
d,e
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
5.002
%
..
United
States
14,030,000
14,030,000
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$
14,030,000
)
.........................................................
14,030,000
Total
Short
Term
Investments
(Cost
$
56,988,633
)
..............................
56,988,633
a
Total
Investments
(Cost
$
2,754,039,690
)
100.2
%
..............................
$4,048,320,720
Other
Assets,
less
Liabilities
(
0.2
)
%
.........................................
(8,325,467)
Net
Assets
100.0%
.........................................................
$4,039,995,253
a
a
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Equity
Income
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
10
See
Abbreviations
on
page
259
.
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,
2024,
the
aggregate
value
of
these
securities
was
$394,557,266,
representing
9.8%
of
net
assets.
c
A
portion
or
all
of
the
security
is
on
loan
at
July
31,
2024.
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,
2024
Franklin
Floating
Rate
Daily
Access
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
11
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
1.5%
Hotels,
Restaurants
&
Leisure
0.0%
†
a
24
Hour
Fitness
Worldwide,
Inc.
........................
United
States
287,830
$
53,536
Machinery
0.7%
b
UTEX
Industries,
Inc.
................................
United
States
261,340
11,150,594
Oil,
Gas
&
Consumable
Fuels
0.8%
a
Talos
Energy,
Inc.
...................................
United
States
961,663
11,386,090
Total
Common
Stocks
(Cost
$
39,996,715
)
....................................
22,590,220
Management
Investment
Companies
0.9%
Capital
Markets
0.9%
Invesco
Senior
Loan
ETF
.............................
United
States
615,695
12,929,595
Total
Management
Investment
Companies
(Cost
$
13,283,196
)
..................
12,929,595
Preferred
Stocks
0.0%
†
Hotels,
Restaurants
&
Leisure
0.0%
†
a
24
Hour
Fitness
Worldwide,
Inc.
........................
United
States
681,685
59,648
a
Total
Preferred
Stocks
(Cost
$
919,936
)
.......................................
59,648
Warrants
Warrants
0.0%
†
Machinery
0.0%
†
a,b,c
UTEX
Industries,
Inc.
,
2/20/49
..........................
United
States
634
60
Total
Warrants
(Cost
$
–
)
....................................................
60
Principal
Amount
*
Corporate
Bonds
5.5%
Aerospace
&
Defense
0.1%
d
TransDigm,
Inc.
,
Senior
Secured
Note
,
144A,
6.375
%
,
3/01/29
.
United
States
2,000,000
2,039,701
Air
Freight
&
Logistics
0.3%
d
Rand
Parent
LLC
,
Senior
Secured
Note
,
144A,
8.5
%
,
2/15/30
..
United
States
5,050,000
4,997,668
Automobile
Components
0.3%
d
Tenneco,
Inc.
,
Senior
Secured
Note
,
144A,
8
%
,
11/17/28
......
United
States
5,000,000
4,541,234
Capital
Markets
0.1%
d
Jane
Street
Group
/
JSG
Finance,
Inc.
,
Senior
Secured
Note
,
144A,
4.5
%
,
11/15/29
...............................
United
States
1,600,000
1,515,907
Chemicals
0.2%
d
SCIH
Salt
Holdings,
Inc.
,
Senior
Secured
Note
,
144A,
4.875
%
,
5/01/28
.........................................
United
States
3,900,000
3,640,193
Commercial
Services
&
Supplies
0.5%
d
Allied
Universal
Holdco
LLC
,
Senior
Secured
Note
,
144A,
7.875
%
,
2/15/31
...................................
United
States
1,500,000
1,527,117
d
Allied
Universal
Holdco
LLC
/
Allied
Universal
Finance
Corp.
,
Senior
Note
,
144A,
9.75
%
,
7/15/27
.....................
United
States
3,700,000
3,699,633
d
Neptune
Bidco
US,
Inc.
,
Senior
Secured
Note
,
144A,
9.29
%
,
4/15/29
.........................................
United
States
2,100,000
2,058,449
7,285,199
Construction
Materials
0.3%
d
Cemex
SAB
de
CV
,
Senior
Bond
,
144A,
5.2
%
,
9/17/30
.......
Mexico
3,875,000
3,791,136
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)
Containers
&
Packaging
0.0%
†
d
Mauser
Packaging
Solutions
Holding
Co.
,
Senior
Secured
Note
,
144A,
7.875
%
,
4/15/27
..............................
United
States
694,000
$
717,098
Diversified
Telecommunication
Services
0.3%
d
Altice
France
SA
,
Senior
Secured
Note
,
144A,
5.125
%
,
7/15/29
............
France
2,000,000
1,404,700
Senior
Secured
Note
,
144A,
5.5
%
,
10/15/29
.............
France
3,730,000
2,627,704
4,032,404
Entertainment
0.2%
d
Banijay
Entertainment
SAS
,
Senior
Secured
Note
,
144A,
8.125
%
,
5/01/29
.........................................
France
2,300,000
2,383,554
Ground
Transportation
0.0%
†
d
First
Student
Bidco,
Inc.
/
First
Transit
Parent,
Inc.
,
Senior
Secured
Note
,
144A,
4
%
,
7/31/29
.....................
United
States
500,000
456,456
Health
Care
Equipment
&
Supplies
0.1%
d
Bausch
+
Lomb
Corp.
,
Senior
Secured
Note
,
144A,
8.375
%
,
10/01/28
........................................
United
States
1,320,000
1,357,845
Health
Care
Providers
&
Services
0.6%
d
CHS/Community
Health
Systems,
Inc.
,
Senior
Secured
Note
,
144A,
8
%
,
12/15/27
................................
United
States
3,000,000
3,005,010
d
MPH
Acquisition
Holdings
LLC
,
Senior
Secured
Note
,
144A,
5.5
%
,
9/01/28
....................................
United
States
1,334,000
1,042,784
d
,e
Radiology
Partners,
Inc.
,
Senior
Secured
Note
,
144A,
PIK,
7.775
%
,
1/31/29
...................................
United
States
4,848,509
4,547,516
8,595,310
Hotels,
Restaurants
&
Leisure
0.4%
d
Caesars
Entertainment,
Inc.
,
Senior
Secured
Note
,
144A,
6.5
%
,
2/15/32
.........................................
United
States
3,600,000
3,649,758
d
International
Game
Technology
plc
,
Senior
Secured
Note
,
144A,
5.25
%
,
1/15/29
...................................
United
States
2,300,000
2,257,000
5,906,758
Independent
Power
and
Renewable
Electricity
Producers
0.3%
d
Calpine
Corp.
,
Senior
Secured
Note
,
144A,
4.5
%
,
2/15/28
.....
United
States
4,400,000
4,217,718
Insurance
0.1%
d
Acrisure
LLC
/
Acrisure
Finance,
Inc.
,
Senior
Secured
Note
,
144A,
4.25
%
,
2/15/29
...................................
United
States
1,470,600
1,354,703
IT
Services
0.1%
d
Fortress
Intermediate
3,
Inc.
,
Senior
Secured
Note
,
144A,
7.5
%
,
6/01/31
.........................................
United
States
1,800,000
1,847,862
Media
0.3%
d
Directv
Financing
LLC
/
Directv
Financing
Co-Obligor,
Inc.
,
Senior
Secured
Note
,
144A,
5.875
%
,
8/15/27
..................
United
States
4,300,000
4,144,111
Oil,
Gas
&
Consumable
Fuels
0.2%
Cheniere
Energy,
Inc.
,
Senior
Note
,
4.625
%
,
10/15/28
........
United
States
2,400,000
2,355,424
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
Corporate
Bonds
(continued)
Passenger
Airlines
0.9%
d
Allegiant
Travel
Co.
,
Senior
Secured
Note
,
144A,
7.25
%
,
8/15/27
United
States
2,800,000
$
2,613,820
d
American
Airlines,
Inc.
,
Senior
Secured
Note
,
144A,
8.5
%
,
5/15/29
.........................................
United
States
4,300,000
4,429,585
d
American
Airlines,
Inc.
/
AAdvantage
Loyalty
IP
Ltd.
,
Senior
Secured
Note
,
144A,
5.5
%
,
4/20/26
....................
United
States
3,383,333
3,363,622
d
Delta
Air
Lines,
Inc.
/
SkyMiles
IP
Ltd.
,
Senior
Secured
Note
,
144A,
4.5
%
,
10/20/25
...............................
United
States
948,490
944,003
d
United
Airlines,
Inc.
,
Senior
Secured
Note
,
144A,
4.375
%
,
4/15/26
United
States
2,485,000
2,424,608
13,775,638
Personal
Care
Products
0.1%
d
Coty,
Inc.
,
Senior
Secured
Note
,
144A,
5
%
,
4/15/26
..........
United
States
1,254,000
1,241,523
Wireless
Telecommunication
Services
0.1%
d
Vmed
O2
UK
Financing
I
plc
,
Senior
Secured
Bond
,
144A,
4.25
%
,
1/31/31
.........................................
United
Kingdom
1,430,000
1,212,554
Total
Corporate
Bonds
(Cost
$
82,754,402
)
....................................
81,409,996
Senior
Floating
Rate
Interests
86.3%
Aerospace
&
Defense
0.7%
abc
abc
abc
abc
abc
abc
e
Alloy
Finco
Ltd.
,
First
Lien,
Term
Loan,
B
,
PIK,
14
%
,
3/08/28
...
United
Kingdom
8,642,408
8,426,348
f,g
Bleriot
US
Bidco,
Inc.
,
First
Lien,
2023
CME
Term
Loan
,
8.585
%
,
(
3-month
SOFR
+
3.25
%
),
10/31/30
....................
United
States
267,182
268,876
f
Dynasty
Acquisition
Co.,
Inc.
,
First
Lien,
2024
Specified
Refinancing
CME
Term
Loan,
B1
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
8/24/28
...............
United
States
1,578,935
1,588,148
First
Lien,
2024
Specified
Refinancing
CME
Term
Loan,
B2
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
8/24/28
...............
United
States
608,797
612,350
10,895,722
a
a
a
a
a
a
f
Air
Freight
&
Logistics
1.2%
abc
abc
abc
abc
abc
abc
Clue
Opco
LLC
,
First
Lien,
CME
Term
Loan,
B
,
9.752
%
,
(
3-month
SOFR
+
4.5
%
),
12/19/30
............................
United
States
9,480,366
8,751,089
Rand
Parent
LLC
,
First
Lien,
CME
Term
Loan,
B
,
9.071
%
,
(
3-month
SOFR
+
3.75
%
),
3/18/30
.....................
United
States
8,298,868
8,292,561
17,043,650
a
a
a
a
a
a
f
Automobile
Components
2.8%
Adient
US
LLC
,
First
Lien,
CME
Term
Loan,
B2
,
8.094
%
,
(
1-month
SOFR
+
2.75
%
),
1/31/31
.....................
United
States
3,636,159
3,659,885
Clarios
Global
LP
,
First
Lien,
CME
Term
Loan,
B
,
8.344
%
,
(
1-month
SOFR
+
3
%
),
5/06/30
.......................
United
States
2,030,718
2,038,648
DexKo
Global,
Inc.
,
First
Lien,
2023
Incremental
CME
Term
Loan
,
9.585
%
,
(
3-month
SOFR
+
4.25
%
),
10/04/28
...........................
United
States
1,571,053
1,572,035
First
Lien,
Closing
Date
Dollar
CME
Term
Loan
,
9.346
%
,
(
3-month
SOFR
+
3.75
%
),
10/04/28
....................
United
States
4,560,699
4,549,958
abc
abc
abc
abc
abc
abc
First
Brands
Group
LLC
,
First
Lien,
2021
CME
Term
Loan
,
10.514
%
,
(
3-month
SOFR
+
5
%
),
3/30/27
.....................................
United
States
7,562,947
7,526,304
First
Lien,
2022-2
Incremental
CME
Term
Loan
,
10.514
%
,
(
3-month
SOFR
+
5
%
),
3/30/27
.......................
United
States
11,732,837
11,688,839
Second
Lien,
2021
CME
Term
Loan
,
14.014
%
,
(
3-month
SOFR
+
8.5
%
),
3/30/28
..................................
United
States
5,920,469
5,683,650
abc
abc
abc
abc
abc
abc
Highline
Aftermarket
Acquisition
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
9.944
%
,
(
1-month
SOFR
+
4.5
%
),
11/09/27
.........
United
States
615,604
619,165
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)
f
Automobile
Components
(continued)
abc
abc
abc
abc
abc
abc
Tenneco,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
10.426
%
,
(
3-month
SOFR
+
5
%
),
11/17/28
..............................
United
States
2,221,466
$
2,122,300
TI
Group
Automotive
Systems
LLC
,
First
Lien,
2021
Refinancing
CME
Term
Loan,
B
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
12/16/26
........................................
United
States
1,355,380
1,361,031
40,821,815
a
a
a
a
a
a
f
Automobiles
0.4%
American
Trailer
World
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
9.194
%
,
(
1-month
SOFR
+
3.75
%
),
3/03/28
..............
United
States
4,639,039
4,544,147
Thor
Industries,
Inc.
,
First
Lien,
USD
CME
Term
Loan,
B3
,
7.594
%
,
(
1-month
SOFR
+
2.25
%
),
11/15/30
.............
United
States
866,400
869,649
5,413,796
a
a
a
a
a
a
Banks
0.1%
f,g
Chrysaor
Bidco
SARL
,
First
Lien,
CME
Term
Loan,
B
,
8.737
%
,
(
12-month
SOFR
+
3.5
%
),
5/15/31
.....................
Luxembourg
1,386,361
1,394,166
f
Beverages
0.8%
Naked
Juice
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.685
%
,
(
1-month
SOFR
+
3.25
%
),
1/24/29
.....................
United
States
5,815,540
5,196,534
Triton
Water
Holdings,
Inc.
,
First
Lien,
2024
Incremental
CME
Term
Loan
,
9.335
%
,
(
3-month
SOFR
+
4
%
),
3/31/28
...............................
United
States
829,167
834,660
First
Lien,
Initial
CME
Term
Loan
,
8.846
%
,
(
3-month
SOFR
+
3.25
%
),
3/31/28
...................................
United
States
5,118,714
5,140,110
11,171,304
a
a
a
a
a
a
Broadline
Retail
0.3%
abc
abc
abc
abc
abc
abc
f
Peer
Holding
III
BV
,
First
Lien,
CME
Term
Loan,
B5
,
8.228
%
,
(
12-month
SOFR
+
3
%
),
6/20/31
......................
Netherlands
4,483,348
4,508,566
f
Building
Products
1.0%
AZZ,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
5/14/29
............................
United
States
1,662,698
1,677,595
Cornerstone
Building
Brands,
Inc.
,
First
Lien,
CME
Term
Loan,
C
,
9.829
%
,
(
1-month
SOFR
+
4.5
%
),
5/15/31
....................................
United
States
2,671,233
2,596,665
First
Lien,
New
CME
Term
Loan,
B
,
8.679
%
,
(
1-month
SOFR
+
3.25
%
),
4/12/28
...................................
United
States
2,873,252
2,730,093
abc
abc
abc
abc
abc
abc
EMRLD
Borrower
LP
,
First
Lien,
Initial
CME
Term
Loan,
B
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
5/31/30
...............
United
States
1,313,531
1,315,673
MIWD
Holdco
II
LLC
,
First
Lien,
2024
Incremental
CME
Term
Loan
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
3/28/31
..........
United
States
1,796,407
1,804,428
Quikrete
Holdings,
Inc.
,
First
Lien,
CME
Term
Loan,
B1
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
4/14/31
....................................
United
States
1,719,960
1,727,390
First
Lien,
CME
Term
Loan,
B2
,
7.594
%
,
(
1-month
SOFR
+
2.25
%
),
3/19/29
...................................
United
States
2,781,163
2,791,912
14,643,756
a
a
a
a
a
a
f
Capital
Markets
4.0%
abc
abc
abc
abc
abc
abc
AI
Aqua
Merger
Sub,
Inc.
,
First
Lien,
2023
Incremental
Delayed
Draw
Term
Loan,
B
,
9.591
%
,
(
1-month
SOFR
+
4.25
%
),
7/31/28
..............
United
States
1,306,250
1,310,086
First
Lien,
CME
Term
Loan,
B
,
8.728
%
,
(
12-month
SOFR
+
3.5
%
),
7/31/28
....................................
United
States
1,826,114
1,833,218
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)
f
Capital
Markets
(continued)
AI
Aqua
Merger
Sub,
Inc.,
(continued)
First
Lien,
Initial
CME
Term
Loan,
B
,
8.843
%
,
(
1-month
SOFR
+
3.5
%
),
7/31/28
....................................
United
States
6,131,345
$
6,155,196
abc
abc
abc
abc
abc
abc
g
Aretec
Group,
Inc.
,
First
Lien,
Term
Loan,
B2
,
9.344
%
,
(
1-month
SOFR
+
4
%
),
8/09/30
...............................
United
States
7,665,188
7,551,015
Citadel
Securities
LP
,
First
Lien,
CME
Term
Loan
,
7.594
%
,
(
1-month
SOFR
+
2.25
%
),
7/29/30
.....................
United
States
5,102,680
5,125,030
Deerfield
Dakota
Holding
LLC
,
First
Lien,
Initial
Dollar
CME
Term
Loan
,
9.085
%
,
(
3-month
SOFR
+
3.75
%
),
4/09/27
.........
United
States
5,292,846
5,299,144
Edelman
Financial
Engines
Center
LLC
(The)
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
4/07/28
...................................
United
States
7,161,589
7,176,879
First
Eagle
Holdings,
Inc.
,
First
Lien,
CME
Term
Loan,
B2
,
8.33
%
,
(
3-month
SOFR
+
3
%
),
2/22/29
.......................
United
States
4,486,154
4,456,209
GTCR
Everest
Borrower
LLC
,
First
Lien,
CME
Term
Loan,
B
,
8.262
%
,
(
12-month
SOFR
+
3.25
%
),
6/03/31
.............
United
States
1,990,050
1,975,124
Jane
Street
Group
LLC
,
First
Lien,
2021
CME
Term
Loan
,
7.958
%
,
(
1-month
SOFR
+
2.5
%
),
1/26/28
...............
United
States
6,700,085
6,722,530
Russell
Investments
US
Institutional
Holdco,
Inc.
,
First
Lien,
2027
CME
Term
Loan
,
10.252
%
,
(
3-month
SOFR
+
5
%
),
5/28/27
..
United
States
8,108,976
7,220,705
WEC
US
Holdings
Ltd.
,
First
Lien,
Initial
CME
Term
Loan
,
8.094
%
,
(
1-month
SOFR
+
2.75
%
),
1/27/31
..............
United
States
4,114,286
4,127,637
58,952,773
a
a
a
a
a
a
f
Chemicals
4.1%
Hexion
Holdings
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
9.977
%
,
(
3-month
SOFR
+
4.5
%
),
3/15/29
....................................
United
States
10,150,031
10,090,197
Second
Lien,
Initial
CME
Term
Loan
,
12.881
%
,
(
1-month
SOFR
+
7.438
%
),
3/15/30
................................
United
States
8,343,023
7,633,866
abc
abc
abc
abc
abc
abc
INEOS
US
Finance
LLC
,
First
Lien,
2030
Dollar
CME
Term
Loan
,
8.597
%
,
(
1-month
SOFR
+
3.25
%
),
2/18/30
..............
Luxembourg
1,465,200
1,461,017
INEOS
US
Petrochem
LLC
,
First
Lien,
2030
Dollar
CME
Term
Loan,
B
,
9.194
%
,
(
1-month
SOFR
+
3.75
%
),
3/14/30
............................
United
States
1,721,739
1,722,453
First
Lien,
New
CME
Term
Loan,
B1
,
9.694
%
,
(
1-month
SOFR
+
4.25
%
),
4/02/29
...................................
United
States
7,729,492
7,739,154
abc
abc
abc
abc
abc
abc
LSF11
A5
Holdco
LLC
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
10/16/28
.........
United
States
6,004,247
6,023,010
Lummus
Technology
Holdings
V
LLC
,
First
Lien,
2024
CME
Term
Loan,
B
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
12/31/29
.......
United
States
3,091,618
3,110,694
Nouryon
Finance
BV
,
First
Lien,
CME
Term
Loan,
B
,
8.826
%
,
(
3-month
SOFR
+
3.5
%
),
4/03/28
......................
Netherlands
3,963,367
3,991,249
PMHC
II,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.704
%
,
(
3-month
SOFR
+
4.25
%
),
4/23/29
.....................
United
States
13,073,844
12,810,602
SCIH
Salt
Holdings,
Inc.
,
First
Lien,
Incremental
CME
Term
Loan,
B1
,
8.755
%
,
(
3-month
SOFR
+
3.5
%
),
3/16/27
............
United
States
5,880,327
5,907,406
60,489,648
a
a
a
a
a
a
f
Commercial
Services
&
Supplies
5.1%
Allied
Universal
Holdco
LLC
,
First
Lien,
Initial
US
Dollar
CME
Term
Loan
,
9.194
%
,
(
1-month
SOFR
+
3.75
%
),
5/12/28
.....
United
States
9,653,931
9,663,585
Amentum
Government
Services
Holdings
LLC
,
First
Lien,
CME
Term
Loan,
B3
,
9.35
%
,
(
1-month
SOFR
+
4
%
),
2/15/29
.....
United
States
4,412,463
4,431,458
APi
Group
DE,
Inc.
,
First
Lien,
Repriced
2021
Incremental
CME
Term
Loan
,
7.347
%
,
(
1-month
SOFR
+
2
%
),
1/03/29
.......
United
States
297,619
298,814
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)
f
Commercial
Services
&
Supplies
(continued)
abc
abc
abc
abc
abc
abc
APX
Group,
Inc.
,
First
Lien,
Initial
Term
Loan
,
8.075
%
,
(
PRIME
+
1.75
%
),
7/07/28
...................................
United
States
3,292,373
$
3,302,398
CCI
Buyer,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.335
%
,
(
3-month
SOFR
+
4
%
),
12/17/27
......................
United
States
5,384,591
5,395,253
Covanta
Holding
Corp.
,
First
Lien,
2024
Incremental
CME
Term
Loan,
B
,
8.079
%
,
(
1-month
SOFR
+
2.75
%
),
11/30/28
....................
United
States
3,772,459
3,784,927
First
Lien,
CME
Term
Loan,
C
,
8.079
%
,
(
1-month
SOFR
+
2.75
%
),
11/30/28
..................................
United
States
206,145
206,827
abc
abc
abc
abc
abc
abc
Madison
IAQ
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
7.889
%
,
(
6-month
SOFR
+
2.75
%
),
6/21/28
.....................
United
States
7,068,766
7,089,654
g
Neptune
BidCo
US,
Inc.
,
First
Lien,
Dollar
CME
Term
Loan,
B
,
10.404
%
,
(
3-month
SOFR
+
5
%
),
4/11/29
................
United
States
11,565,959
10,915,374
PG
Investment
Co.
59
SARL
,
First
Lien,
Initial
CME
Term
Loan
,
8.835
%
,
(
3-month
SOFR
+
3.5
%
),
2/24/31
...............
Luxembourg
2,982,681
3,006,915
Pitney
Bowes,
Inc.
,
First
Lien,
Refinancing
CME
Term
Loan,
B
,
9.458
%
,
(
1-month
SOFR
+
4
%
),
3/17/28
................
United
States
10,997,696
11,020,626
Prime
Security
Services
Borrower
LLC
,
First
Lien,
CME
Term
Loan
,
7.582
%
,
(
1-month
SOFR
+
2.25
%
),
10/11/30
........
United
States
4,851,948
4,870,142
Spin
Holdco,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.6
%
,
(
3-month
SOFR
+
4
%
),
3/06/28
.......................
United
States
12,875,177
10,650,218
74,636,191
a
a
a
a
a
a
f
Communications
Equipment
0.8%
CommScope,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
4/06/26
.....................
United
States
4,901,606
4,602,927
Delta
Topco,
Inc.
,
First
Lien,
Second
Amendment
CME
Term
Loan
,
8.846
%
,
(
3-month
SOFR
+
3.5
%
),
11/30/29
.........
United
States
6,357,348
6,370,602
10,973,529
a
a
a
a
a
a
f
Construction
&
Engineering
1.3%
Artera
Services
LLC
,
First
Lien,
CME
Term
Loan,
C
,
9.835
%
,
(
3-month
SOFR
+
4.5
%
),
2/18/31
......................
United
States
2,720,455
2,733,635
Brand
Industrial
Services,
Inc.
,
First
Lien,
CME
Term
Loan,
C
,
9.748
%
,
(
3-month
SOFR
+
4.5
%
),
8/01/30
...............
United
States
3,147,451
3,154,942
Chromalloy
Corp.
,
First
Lien,
CME
Term
Loan
,
9.082
%
,
(
3-month
SOFR
+
3.75
%
),
3/27/31
............................
United
States
3,851,444
3,799,084
Radar
Bidco
SARL
,
First
Lien,
USD
CME
Term
Loan,
B
,
9.568
%
,
(
3-month
SOFR
+
4.25
%
),
3/27/31
.....................
Luxembourg
1,948,052
1,959,020
USIC
Holdings,
Inc.
,
First
Lien,
CME
Term
Loan
,
9.092
%
,
(
3-month
SOFR
+
3.5
%
),
5/14/28
......................
United
States
6,771,876
6,582,264
Zekelman
Industries,
Inc.
,
First
Lien,
2024
CME
Term
Loan
,
7.6
%
,
(
1-month
SOFR
+
2.25
%
),
1/24/31
.....................
United
States
1,358,574
1,364,028
19,592,973
a
a
a
a
a
a
Consumer
Finance
0.3%
f
Neon
Maple
US
Debt
Mergersub,
Inc.
,
First
Lien,
CME
Term
Loan
,
8.153
%
,
(
12-month
SOFR
+
3
%
),
7/18/31
...........
United
States
4,535,637
4,527,133
f
Containers
&
Packaging
2.3%
Charter
Next
Generation,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
8.597
%
,
(
1-month
SOFR
+
3.25
%
),
12/01/27
.............
United
States
5,729,896
5,762,728
Klockner
Pentaplast
of
America,
Inc.
,
First
Lien,
USD
CME
Term
Loan,
B
,
10.267
%
,
(
6-month
SOFR
+
4.725
%
),
2/09/26
.....
Luxembourg
11,090,855
10,461,449
LC
Ahab
US
Bidco
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
5/01/31
...............
United
States
1,094,092
1,100,471
Mauser
Packaging
Solutions
Holding
Co.
,
First
Lien,
Initial
CME
Term
Loan
,
8.842
%
,
(
1-month
SOFR
+
3.5
%
),
4/15/27
......
United
States
6,950,769
6,982,152
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)
f
Containers
&
Packaging
(continued)
abc
abc
abc
abc
abc
abc
ProAmpac
PG
Borrower
LLC
,
First
Lien,
2024
CME
Term
Loan,
B
,
9.31
%
,
(
3-month
SOFR
+
4
%
),
9/15/28
...............
United
States
4,794,485
$
4,816,971
SupplyOne,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
9.594
%
,
(
1-month
SOFR
+
4.25
%
),
4/21/31
............................
United
States
4,973,250
5,006,397
34,130,168
a
a
a
a
a
a
f
Distributors
0.9%
AIP
RD
Buyer
Corp.
,
First
Lien,
2023
Incremental
CME
Term
Loan
,
9.844
%
,
(
1-month
SOFR
+
4.5
%
),
12/22/28
.........
United
States
1,400,000
1,407,581
BCPE
Empire
Holdings,
Inc.
,
First
Lien,
Amendment
No.
5
Refinancing
CME
Term
Loan
,
9.344
%
,
(
1-month
SOFR
+
4
%
),
12/11/28
........................................
United
States
5,225,365
5,243,027
Core
&
Main
LP
,
First
Lien,
Term
Loan,
C
,
7.589
%
,
(
3-month
SOFR
+
2.25
%
),
2/10/31
............................
United
States
1,745,614
1,753,251
Verde
Purchaser
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
9.835
%
,
(
3-month
SOFR
+
4.5
%
),
11/30/30
.....................
United
States
4,132,075
4,143,273
Windsor
Holdings
III
LLC
,
First
Lien,
2024
CME
Term
Loan
,
9.345
%
,
(
1-month
SOFR
+
4
%
),
8/01/30
................
United
States
497,500
502,070
13,049,202
a
a
a
a
a
a
f
Diversified
Consumer
Services
1.1%
KUEHG
Corp.
,
First
Lien,
CME
Term
Loan,
C
,
9.835
%
,
(
3-month
SOFR
+
4.5
%
),
6/12/30
.............................
United
States
7,181,470
7,226,355
Learning
Care
Group
US
No.
2,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
9.285
%
,
(
3-month
SOFR
+
4
%
),
8/11/28
..............
United
States
1,697,504
1,709,387
Mavis
Tire
Express
Services
Topco
Corp.
,
First
Lien,
2024-2
Incremental
CME
Term
Loan
,
8.847
%
,
(
1-month
SOFR
+
3.5
%
),
5/04/28
.........................................
United
States
1,034,483
1,038,222
Pre-Paid
Legal
Services,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.208
%
,
(
1-month
SOFR
+
3.75
%
),
12/07/28
.............
United
States
1,412,788
1,414,943
Spring
Education
Group,
Inc.
,
First
Lien,
CME
Term
Loan
,
9.335
%
,
(
3-month
SOFR
+
4
%
),
9/30/30
................
United
States
1,526,776
1,538,868
Wand
NewCo
3,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.097
%
,
(
1-month
SOFR
+
3.75
%
),
1/30/31
...................................
United
States
769,231
773,208
First
Lien,
Term
Loan,
B
,
8.305
%
,
(
12-month
SOFR
+
3.25
%
),
1/02/31
.........................................
United
States
1,034,483
1,039,831
abc
abc
abc
abc
abc
abc
WW
International,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
4/13/28
......................
United
States
4,681,981
1,789,406
16,530,220
a
a
a
a
a
a
f
Diversified
Telecommunication
Services
0.9%
Global
Tel*link
Corp.
,
First
Lien,
CME
Term
Loan
,
9.666
%
,
(
1-month
SOFR
+
4.25
%
),
11/29/25
....................
United
States
4,380,000
4,204,800
Global
Tel*Link
Corp.
,
Second
Lien,
11/2018
CME
Term
Loan
,
15.444
%
,
(
1-month
SOFR
+
10
%
),
11/30/26
..............
United
States
7,895,149
7,816,198
Zayo
Group
Holdings,
Inc.
,
First
Lien,
Initial
Dollar
CME
Term
Loan
,
8.458
%
,
(
1-month
SOFR
+
3
%
),
3/09/27
............
United
States
1,755,569
1,573,736
13,594,734
a
a
a
a
a
a
Electric
Utilities
0.1%
f
Hamilton
Projects
Acquiror
LLC
,
First
Lien,
CME
Term
Loan
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
5/30/31
..............
United
States
904,836
915,016
Electrical
Equipment
0.2%
f
Indicor
LLC
,
First
Lien,
Term
Loan,
C
,
8.585
%
,
(
3-month
SOFR
+
3.25
%
),
11/22/29
..................................
United
States
2,419,533
2,426,852
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)
Electronic
Equipment,
Instruments
&
Components
0.1%
abc
abc
abc
abc
abc
f
Coherent
Corp.
,
First
Lien,
CME
Term
Loan,
B1
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
7/02/29
......................
United
States
1,311,193
$
1,316,766
f
Entertainment
0.4%
Banijay
Group
US
Holding,
Inc.
,
First
Lien,
USD
CME
Term
Loan,
B
,
8.587
%
,
(
1-month
SOFR
+
3.25
%
),
3/01/28
............
France
1,913,926
1,922,003
Playtika
Holding
Corp.
,
First
Lien,
CME
Term
Loan,
B1
,
8.208
%
,
(
1-month
SOFR
+
2.75
%
),
3/13/28
.....................
United
States
4,138,901
4,151,628
6,073,631
a
a
a
a
a
a
f
Financial
Services
2.0%
Belfor
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan,
B1
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
11/01/30
.............
United
States
471,053
473,997
Boost
Newco
Borrower
LLC
,
First
Lien,
CME
Term
Loan
,
7.728
%
,
(
12-month
SOFR
+
2.5
%
),
1/31/31
.........................................
United
States
714,286
716,911
First
Lien,
Initial
USD
CME
Term
Loan
,
8.335
%
,
(
3-month
SOFR
+
3
%
),
1/31/31
...............................
United
States
14,097,826
14,149,635
abc
abc
abc
abc
abc
abc
Mercury
Borrower,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
8/02/28
...............
United
States
7,938,662
7,965,972
g
Red
Planet
Borrower
LLC
,
First
Lien,
CME
Term
Loan,
B
,
8.944
%
,
(
1-month
SOFR
+
3.5
%
),
10/02/28
.....................
United
States
6,162,624
5,913,931
29,220,446
a
a
a
a
a
a
f
Food
Products
0.4%
Fiesta
Purchaser,
Inc.
,
First
Lien,
CME
Term
Loan
,
9.344
%
,
(
1-month
SOFR
+
4
%
),
2/12/31
.......................
United
States
2,538,071
2,556,967
Primary
Products
Finance
LLC
,
First
Lien,
CME
Term
Loan,
B
,
8.971
%
,
(
3-month
SOFR
+
3.5
%
),
4/02/29
...............
United
States
2,989,398
2,999,816
Simply
Good
Foods
USA,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
7.944
%
,
(
1-month
SOFR
+
2.5
%
),
3/17/27
...............
United
States
437,318
440,598
5,997,381
a
a
a
a
a
a
f
Ground
Transportation
1.5%
Albion
Financing
3
SARL
,
First
Lien,
2024
Amended
USD
CME
Term
Loan
,
9.826
%
,
(
3-month
SOFR
+
4.25
%
),
8/17/29
.....
Luxembourg
1,421,801
1,435,138
First
Student
Bidco,
Inc.
,
First
Lien,
2022
Incremental
CME
Term
Loan,
B
,
8.435
%
,
(
3-month
SOFR
+
3
%
),
7/21/28
.......................
United
States
2,951,818
2,963,404
First
Lien,
Initial
CME
Term
Loan,
B
,
8.596
%
,
(
3-month
SOFR
+
3
%
),
7/21/28
.....................................
United
States
4,341,642
4,357,315
First
Lien,
Initial
CME
Term
Loan,
C
,
8.596
%
,
(
3-month
SOFR
+
3
%
),
7/21/28
.....................................
United
States
1,324,065
1,328,845
abc
abc
abc
abc
abc
abc
Kenan
Advantage
Group,
Inc.
(The)
,
First
Lien,
CME
Term
Loan,
B3
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
1/25/29
...........
United
States
7,499,465
7,529,463
Savage
Enterprises
LLC
,
First
Lien,
Initial
Term
Loan
,
8.329
%
,
(
1-month
SOFR
+
3
%
),
9/15/28
.......................
United
States
1,235,585
1,242,201
g
Worldwide
Express
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
9.846
%
,
(
3-month
SOFR
+
4.25
%
),
7/26/28
..............
United
States
3,491,049
3,505,030
22,361,396
a
a
a
a
a
a
f
Health
Care
Equipment
&
Supplies
1.0%
Bausch
+
Lomb
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
8.695
%
,
(
1-month
SOFR
+
3.25
%
),
5/10/27
.....................
United
States
2,969,697
2,921,454
Medline
Borrower
LP
,
First
Lien,
Dollar
Incremental
CME
Term
Loan
,
7.594
%
,
(
1-month
SOFR
+
2.25
%
),
10/23/28
....................
United
States
601,915
603,137
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)
f
Health
Care
Equipment
&
Supplies
(continued)
Medline
Borrower
LP,
(continued)
First
Lien,
Initial
CME
Term
Loan
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
10/23/28
...................................
United
States
5,971,419
$
5,996,798
abc
abc
abc
abc
abc
abc
US
Radiology
Specialists,
Inc.
(US
Outpatient
Imaging
Services,
Inc.)
,
First
Lien,
CME
Term
Loan
,
10.036
%
,
(
3-month
SOFR
+
4.75
%
),
12/15/27
..................................
United
States
5,152,229
5,167,377
14,688,766
a
a
a
a
a
a
f
Health
Care
Providers
&
Services
7.7%
ADMI
Corp.
,
First
Lien,
Amendment
No.
4
Refinancing
CME
Term
Loan
,
8.833
%
,
(
1-month
SOFR
+
3.375
%
),
12/23/27
............
United
States
5,008,613
4,892,664
First
Lien,
Amendment
No.
5
CME
Term
Loan
,
9.208
%
,
(
1-month
SOFR
+
3.75
%
),
12/23/27
....................
United
States
3,902,571
3,834,276
First
Lien,
CME
Term
Loan,
B5
,
11.094
%
,
(
1-month
SOFR
+
5.75
%
),
12/23/27
..................................
United
States
1,162,987
1,170,738
abc
abc
abc
abc
abc
abc
Aveanna
Healthcare
LLC
,
First
Lien,
2021
Extended
CME
Term
Loan
,
9.197
%
,
(
3-month
SOFR
+
3.75
%
),
7/17/28
.........
United
States
2,090,475
2,006,856
Charlotte
Buyer,
Inc.
,
First
Lien,
First
Refinancing
CME
Term
Loan
,
10.076
%
,
(
1-month
SOFR
+
4.75
%
),
2/11/28
........
United
States
8,861,972
8,917,802
CNT
Holdings
I
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
8.752
%
,
(
3-month
SOFR
+
3.5
%
),
11/08/27
.....................
United
States
5,005,680
5,032,686
Concentra
Health
Services,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
7.599
%
,
(
1-month
SOFR
+
2.25
%
),
7/28/31
.........
United
States
923,077
926,538
Dermatology
Intermediate
Holdings
III,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.502
%
,
(
3-month
SOFR
+
4.25
%
),
3/26/29
.....
United
States
4,480,955
4,349,327
eResearchTechnology,
Inc.
,
First
Lien,
CME
Term
Loan,
B1
,
9.458
%
,
(
1-month
SOFR
+
4
%
),
2/04/27
................
United
States
2,897,963
2,917,887
e,g
Global
Medical
Response,
Inc.
,
First
Lien,
2024
Extended
CME
Term
Loan
,
PIK,
10.847
%
,
(
3-month
SOFR
+
5.5
%
),
10/31/28
United
States
5,582,406
5,459,593
LifePoint
Health,
Inc.
,
First
Lien,
2024
Incremental
CME
Term
Loan
,
9.329
%
,
(
3-month
SOFR
+
4
%
),
5/19/31
............
United
States
3,273,381
3,288,112
Medical
Solutions
Holdings,
Inc.
,
First
Lien,
CME
Term
Loan
,
8.602
%
,
(
3-month
SOFR
+
3.25
%
),
11/01/28
.............
United
States
4,789,348
3,838,327
MPH
Acquisition
Holdings
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
9.859
%
,
(
3-month
SOFR
+
4.25
%
),
9/01/28
..............
United
States
6,259,536
5,299,981
g
National
Mentor
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.192
%
,
(
1-month
SOFR
+
3.75
%
),
3/02/28
...................................
United
States
11,588,938
10,948,649
First
Lien,
Initial
CME
Term
Loan,
C
,
9.185
%
,
(
3-month
SOFR
+
3.75
%
),
3/02/28
...................................
United
States
368,485
348,126
abc
abc
abc
abc
abc
abc
Pacific
Dental
Services
LLC
,
First
Lien,
CME
Term
Loan
,
8.585
%
,
(
1-month
SOFR
+
3.25
%
),
3/17/31
.....................
United
States
3,378,509
3,396,905
PAREXEL
International,
Inc.
,
First
Lien,
Fifth
Amendment
CME
Term
Loan
,
8.344
%
,
(
1-month
SOFR
+
3
%
),
11/15/28
.......
United
States
4,650,637
4,674,495
Pathway
Vet
Alliance
LLC
,
First
Lien,
2021
Replacement
CME
Term
Loan
,
9.208
%
,
(
1-month
SOFR
+
3.75
%
),
3/31/27
.....
United
States
9,195,370
7,255,423
Phoenix
Guarantor,
Inc.
,
First
Lien,
CME
Term
Loan,
B4
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
2/21/31
.....................
United
States
7,255,042
7,265,961
e
Radiology
Partners,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
PIK,
10.588
%
,
(
3-month
SOFR
+
5
%
),
1/31/29
................
United
States
6,770,165
6,438,021
Star
Parent,
Inc.
,
First
Lien,
CME
Term
Loan
,
9.085
%
,
(
3-month
SOFR
+
3.75
%
),
9/27/30
............................
United
States
5,669,125
5,685,225
Surgery
Center
Holdings,
Inc.
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.095
%
,
(
1-month
SOFR
+
2.75
%
),
12/19/30
....
United
States
923,611
927,287
US
Anesthesia
Partners,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.707
%
,
(
1-month
SOFR
+
4.25
%
),
10/02/28
.............
United
States
7,608,672
7,373,031
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)
f
Health
Care
Providers
&
Services
(continued)
abc
abc
abc
abc
abc
abc
Waystar
Technologies,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.094
%
,
(
1-month
SOFR
+
2.75
%
),
10/22/29
.............
United
States
6,166,010
$
6,223,816
112,471,726
a
a
a
a
a
a
f
Health
Care
Technology
1.4%
athenahealth
Group,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
2/15/29
..............
United
States
14,008,282
14,003,940
Cotiviti,
Inc.
,
First
Lien,
Initial
Floating
Rate
CME
Term
Loan
,
8.592
%
,
(
1-month
SOFR
+
3.25
%
),
5/01/31
..............
United
States
6,412,500
6,442,574
20,446,514
a
a
a
a
a
a
f
Hotels,
Restaurants
&
Leisure
6.4%
e
24
Hour
Fitness
Worldwide,
Inc.
,
First
Lien,
Exit
CME
Term
Loan
,
PIK,
10.571
%
,
(
3-month
SOFR
+
5
%
),
12/29/25
...........
United
States
24,141,054
10,219,753
g
Bally's
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
8.794
%
,
(
3-month
SOFR
+
3.25
%
),
10/02/28
...........................
United
States
11,726,403
11,255,998
Caesars
Entertainment,
Inc.
,
First
Lien,
2023
Incremental
CME
Term
Loan,
B
,
8.097
%
,
(
3-month
SOFR
+
2.75
%
),
2/06/30
...
United
States
4,738,453
4,762,145
Dave
&
Buster's,
Inc.
,
First
Lien,
2024
Refinancing
CME
Term
Loan,
B
,
8.625
%
,
(
1-month
SOFR
+
3.25
%
),
6/29/29
.......
United
States
2,665,405
2,676,693
Entain
plc
,
First
Lien,
CME
Term
Loan,
B3
,
8.014
%
,
(
6-month
SOFR
+
2.75
%
),
10/31/29
...........................
United
Kingdom
3,335,777
3,345,851
Fertitta
Entertainment
LLC
,
First
Lien,
Initial
CME
Term
Loan,
B
,
9.079
%
,
(
1-month
SOFR
+
3.75
%
),
1/29/29
..............
United
States
6,153,492
6,175,614
Flutter
Entertainment
plc
,
First
Lien,
CME
Term
Loan,
B
,
7.585
%
,
(
3-month
SOFR
+
2.25
%
),
11/25/30
....................
Ireland
4,477,953
4,490,089
Flynn
Restaurant
Group
LP
,
First
Lien,
CME
Term
Loan
,
9.708
%
,
(
1-month
SOFR
+
4.25
%
),
12/01/28
....................
United
States
8,111,193
8,138,568
Hilton
Grand
Vacations
Borrower
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
8/02/28
..........
United
States
7,126,352
7,143,064
IRB
Holding
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
8.194
%
,
(
1-month
SOFR
+
2.75
%
),
12/15/27
....................
United
States
1,410,632
1,413,079
Light
&
Wonder
International,
Inc.
,
First
Lien,
CME
Term
Loan,
B1
,
8.079
%
,
(
1-month
SOFR
+
2.75
%
),
4/16/29
...........
United
States
4,320,880
4,355,987
Ontario
Gaming
GTA
LP
,
First
Lien,
CME
Term
Loan,
B
,
9.585
%
,
(
3-month
SOFR
+
4.25
%
),
8/01/30
.....................
Canada
4,288,458
4,312,259
Penn
National
Gaming,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
8.194
%
,
(
1-month
SOFR
+
2.75
%
),
5/03/29
..............
United
States
3,514,754
3,532,803
Raptor
Acquisition
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
9.609
%
,
(
3-month
SOFR
+
4
%
),
11/01/26
......................
United
States
5,502,208
5,540,723
Scientific
Games
Holdings
LP
,
First
Lien,
2024
Refinancing
Dollar
CME
Term
Loan
,
8.318
%
,
(
3-month
SOFR
+
3
%
),
4/04/29
...
United
States
8,138,466
8,135,414
SeaWorld
Parks
&
Entertainment,
Inc.
,
First
Lien,
Term
Loan,
B2
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
8/25/28
...............
United
States
1,525,579
1,528,439
Whatabrands
LLC
,
First
Lien,
2024
CME
Term
Loan,
B
,
8.094
%
,
(
1-month
SOFR
+
2.75
%
),
8/03/28
.....................
United
States
7,122,470
7,136,822
94,163,301
a
a
a
a
a
a
Household
Durables
0.4%
f
Hunter
Douglas,
Inc.
,
First
Lien,
CME
Term
Loan,
B1
,
8.836
%
,
(
3-month
SOFR
+
3.5
%
),
2/25/29
......................
Netherlands
5,730,926
5,684,362
Household
Products
0.1%
f
Energizer
Holdings,
Inc.
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
7.345
%
,
(
1-month
SOFR
+
2
%
),
12/22/27
...........
United
States
1,288,394
1,292,691
f
Independent
Power
and
Renewable
Electricity
Producers
0.6%
Calpine
Construction
Finance
Co.
LP
,
First
Lien,
CME
Term
Loan,
B
,
7.344
%
,
(
1-month
SOFR
+
2
%
),
7/31/30
..............
United
States
3,184,000
3,185,719
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)
f
Independent
Power
and
Renewable
Electricity
Producers
(continued)
abc
abc
abc
abc
abc
abc
Calpine
Corp.
,
First
Lien,
CME
Term
Loan
,
7.344
%
,
(
1-month
SOFR
+
2
%
),
1/31/31
...............................
United
States
3,291,750
$
3,294,384
Talen
Energy
Supply
LLC
,
First
Lien,
Initial
CME
Term
Loan,
B
,
8.827
%
,
(
3-month
SOFR
+
3.5
%
),
5/17/30
....................................
United
States
2,334,853
2,365,124
First
Lien,
Initial
CME
Term
Loan,
C
,
8.827
%
,
(
3-month
SOFR
+
3.5
%
),
5/17/30
....................................
United
States
497,355
503,803
9,349,030
a
a
a
a
a
a
f
Insurance
5.4%
abc
abc
abc
abc
abc
abc
Acrisure
LLC
,
First
Lien,
Term
Loan,
B6
,
8.594
%
,
(
3-month
SOFR
+
3.25
%
),
11/06/30
.................................
United
States
9,883,922
9,886,541
Alliant
Holdings
Intermediate
LLC
,
First
Lien,
New
CME
Term
Loan,
B6
,
8.845
%
,
(
1-month
SOFR
+
3.5
%
),
11/06/30
......
United
States
6,229,385
6,262,868
AssuredPartners,
Inc.
,
First
Lien,
2024
CME
Term
Loan
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
2/14/31
......................
United
States
5,549,643
5,574,644
Asurion
LLC
,
First
Lien,
New
CME
Term
Loan,
B11
,
9.694
%
,
(
1-month
SOFR
+
4.25
%
),
8/21/28
.................................
United
States
1,021,552
1,018,906
First
Lien,
New
CME
Term
Loan,
B8
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
12/23/26
..................................
United
States
4,123,925
4,114,502
First
Lien,
New
CME
Term
Loan,
B9
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
7/30/27
...................................
United
States
8,188
8,127
Second
Lien,
New
CME
Term
Loan,
B3
,
10.708
%
,
(
1-month
SOFR
+
5.25
%
),
1/31/28
............................
United
States
7,696,342
7,208,278
Second
Lien,
New
CME
Term
Loan,
B4
,
10.708
%
,
(
1-month
SOFR
+
5.25
%
),
1/19/29
............................
United
States
10,622,294
9,840,281
abc
abc
abc
abc
abc
abc
Broadstreet
Partners,
Inc.
,
First
Lien,
CME
Term
Loan,
B4
,
8.494
%
,
(
12-month
SOFR
+
3.25
%
),
5/12/31
.............
United
States
2,468,459
2,475,889
HUB
International
Ltd.
,
First
Lien,
2024
Incremental
CME
Term
Loan
,
8.532
%
,
(
3-month
SOFR
+
3.25
%
),
6/20/30
............................
United
States
7,522,444
7,540,310
First
Lien,
Term
Loan,
B
,
8.04
%
,
(
12-month
SOFR
+
3
%
),
6/20/30
.........................................
United
States
578,512
579,886
abc
abc
abc
abc
abc
abc
g
Sedgwick
Claims
Management
Services,
Inc.
,
First
Lien,
2023
CME
Term
Loan
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
2/24/28
.
United
States
12,860,199
12,898,587
Truist
Insurance
Holdings
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.585
%
,
(
3-month
SOFR
+
3.25
%
),
5/06/31
..............
United
States
5,170,297
5,192,917
USI,
Inc.
,
First
Lien,
2024
CME
Term
Loan
,
8.085
%
,
(
3-month
SOFR
+
2.75
%
),
9/27/30
............................
United
States
5,985,000
6,001,578
78,603,314
a
a
a
a
a
a
f
IT
Services
2.0%
Amazon
Holdco,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
7.305
%
,
(
12-month
SOFR
+
2.25
%
),
7/31/31
....................
United
States
2,592,593
2,602,315
Barracuda
Networks,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.814
%
,
(
1-month
SOFR
+
4.5
%
),
8/15/29
...............
United
States
4,579,164
4,440,759
Fortress
Intermediate
3,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.097
%
,
(
1-month
SOFR
+
3.75
%
),
6/27/31
..............
United
States
6,513,351
6,525,563
Gainwell
Acquisition
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
9.435
%
,
(
3-month
SOFR
+
4
%
),
10/01/27
................
United
States
5,382,088
4,803,514
Peraton
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
9.194
%
,
(
1-month
SOFR
+
3.75
%
),
2/01/28
............................
United
States
6,211,317
6,222,093
Sitel
Worldwide
Corp.
,
First
Lien,
Initial
Dollar
CME
Term
Loan
,
9.208
%
,
(
1-month
SOFR
+
3.75
%
),
8/28/28
..............
France
6,284,041
4,415,827
29,010,071
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.
22
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
Leisure
Products
0.0%
†
abc
abc
abc
abc
abc
f,g
Recess
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.752
%
,
(
3-month
SOFR
+
4.5
%
),
2/14/30
......................
United
States
295,699
$
297,991
f
Machinery
2.0%
ASP
Blade
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.596
%
,
(
3-month
SOFR
+
4
%
),
10/13/28
................
United
States
8,227,929
6,168,890
g
CPM
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.842
%
,
(
1-month
SOFR
+
4.5
%
),
9/28/28
......................
United
States
5,984,962
5,903,926
Crosby
US
Acquisition
Corp.
,
First
Lien,
Amendment
No.
3
Replacement
CME
Term
Loan
,
9.344
%
,
(
1-month
SOFR
+
4
%
),
8/16/29
.........................................
United
States
2,911,789
2,929,755
Filtration
Group
Corp.
,
First
Lien,
2021
Incremental
CME
Term
Loan
,
3.5
%
,
(
1-month
SOFR
),
10/23/28
.................
United
States
3,000,000
3,020,625
Tiger
Acquisition
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.694
%
,
(
1-month
SOFR
+
3.25
%
),
6/01/28
.....................
United
States
5,816,561
5,803,851
TK
Elevator
Midco
GmbH
,
First
Lien,
CME
Term
Loan,
C
,
8.588
%
,
(
6-month
SOFR
+
3.5
%
),
4/30/30
......................
Germany
5,582,821
5,618,579
29,445,626
a
a
a
a
a
a
f
Media
3.7%
Cengage
Learning,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
9.538
%
,
(
6-month
SOFR
+
4.25
%
),
3/14/31
.....................
United
States
10,357,670
10,415,932
DIRECTV
Financing
LLC
,
First
Lien,
2024
Refinancing
CME
Term
Loan,
B
,
10.708
%
,
(
1-month
SOFR
+
5.25
%
),
8/02/29
......
United
States
734,615
734,729
g
Gray
Television,
Inc.
,
First
Lien,
CME
Term
Loan,
D
,
8.457
%
,
(
1-month
SOFR
+
3
%
),
12/01/28
......................
United
States
6,840,523
6,369,724
iHeartCommunications,
Inc.
,
g
First
Lien,
CME
Term
Loan
,
8.458
%
,
(
1-month
SOFR
+
3
%
),
5/01/26
.........................................
United
States
7,067,897
5,967,320
First
Lien,
Second
Amendment
Incremental
CME
Term
Loan
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
5/01/26
..............
United
States
700,000
585,665
abc
abc
abc
abc
abc
abc
McGraw-Hill
Education,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
10.346
%
,
(
3-month
SOFR
+
4.75
%
),
7/28/28
.............
United
States
8,561,740
8,589,095
MH
Sub
I
LLC
(Micro
Holding
Corp.)
,
First
Lien,
CME
Term
Loan
,
9.594
%
,
(
1-month
SOFR
+
4.25
%
),
5/03/28
..............
United
States
11,065,380
11,052,047
Nexstar
Media,
Inc.
,
First
Lien,
CME
Term
Loan,
B4
,
7.958
%
,
(
1-month
SOFR
+
2.5
%
),
9/18/26
......................
United
States
944,699
949,039
Univision
Communications,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
1/31/29
..............
United
States
3,012,923
2,939,016
Virgin
Media
Bristol
LLC
,
First
Lien,
Advance
CME
Term
Loan,
Q
,
8.693
%
,
(
1-month
SOFR
+
3.25
%
),
1/31/29
..............
United
States
6,355,393
6,117,797
53,720,364
a
a
a
a
a
a
Metals
&
Mining
0.2%
f
Arsenal
AIC
Parent
LLC
,
First
Lien,
2024
CME
Term
Loan,
B
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
8/19/30
..............
United
States
2,170,339
2,181,733
Oil,
Gas
&
Consumable
Fuels
0.2%
f
UGI
Energy
Services
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
2/22/30
...............
United
States
2,809,770
2,820,840
f
Passenger
Airlines
1.7%
AAdvantage
Loyalty
IP
Ltd.
,
First
Lien,
Initial
CME
Term
Loan
,
10.294
%
,
(
3-month
SOFR
+
4.75
%
),
4/20/28
.............
United
States
3,040,773
3,149,663
Air
Canada
,
First
Lien,
CME
Term
Loan
,
7.847
%
,
(
3-month
SOFR
+
2.5
%
),
3/21/31
..................................
Canada
2,618,730
2,630,606
American
Airlines,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
7.775
%
,
(
3-month
SOFR
+
2.5
%
),
6/04/29
......................
United
States
7,066,667
7,041,933
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)
f
Passenger
Airlines
(continued)
abc
abc
abc
abc
abc
abc
United
Airlines,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
8.033
%
,
(
3-month
SOFR
+
2.75
%
),
2/22/31
.....................
United
States
3,491,250
$
3,509,335
WestJet
Loyalty
LP
,
First
Lien,
Initial
CME
Term
Loan
,
9.082
%
,
(
3-month
SOFR
+
3.75
%
),
2/14/31
.....................
Canada
8,891,468
8,914,852
25,246,389
a
a
a
a
a
a
f
Pharmaceuticals
1.1%
Endo
Finance
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.783
%
,
(
3-month
SOFR
+
4.5
%
),
4/09/31
...............
United
States
1,231,527
1,235,887
Grifols
Worldwide
Operations
Ltd.
,
First
Lien,
CME
Term
Loan,
B
,
7.402
%
,
(
3-month
SOFR
+
2
%
),
11/15/27
................
Spain
893,222
871,271
Jazz
Financing
Lux
SARL
,
First
Lien,
Dollar
CME
Term
Loan,
B1
,
8.458
%
,
(
1-month
SOFR
+
3
%
),
5/05/28
................
United
States
5,983,016
6,000,097
Organon
&
Co.
,
First
Lien,
Dollar
CME
Term
Loan
,
7.835
%
,
(
1-month
SOFR
+
2.5
%
),
5/19/31
......................
United
States
2,842,657
2,858,647
Perrigo
Investments
LLC
,
First
Lien,
Initial
CME
Term
Loan,
B
,
7.694
%
,
(
1-month
SOFR
+
2.25
%
),
4/20/29
..............
United
States
4,968,699
4,987,332
15,953,234
a
a
a
a
a
a
f
Professional
Services
2.2%
CHG
Healthcare
Services,
Inc.
,
First
Lien,
2023
Incremental
CME
Term
Loan
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
9/30/28
............................
United
States
922,195
924,648
First
Lien,
Initial
CME
Term
Loan
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
9/29/28
...................................
United
States
2,821,485
2,828,679
abc
abc
abc
abc
abc
abc
g
CoreLogic,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
6/02/28
......................
United
States
8,178,974
8,074,202
Dun
&
Bradstreet
Corp.
(The)
,
First
Lien,
CME
Term
Loan,
B
,
8.097
%
,
(
1-month
SOFR
+
2.75
%
),
1/18/29
..............
United
States
3,797,183
3,809,809
Grant
Thornton
LLP
,
First
Lien,
CME
Term
Loan,
B
,
8.597
%
,
(
3-month
SOFR
+
3.25
%
),
6/02/31
.....................
United
Kingdom
2,222,222
2,230,567
Ingenovis
Health,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.708
%
,
(
1-month
SOFR
+
4.25
%
),
3/06/28
.....................
United
States
2,670,256
2,379,866
Inizio
Group
Ltd.
,
First
Lien,
Initial
Dollar
CME
Term
Loan
,
9.685
%
,
(
3-month
SOFR
+
4.25
%
),
8/21/28
..............
United
Kingdom
2,541,520
2,531,989
SS&C
Technologies,
Inc.
,
First
Lien,
CME
Term
Loan,
B8
,
7.344
%
,
(
1-month
SOFR
+
2
%
),
5/09/31
................
United
States
5,669,533
5,696,945
TTF
Holdings
LLC
,
First
Lien,
CME
Term
Loan,
B
,
9.237
%
,
(
12-month
SOFR
+
4
%
),
5/28/31
......................
United
States
3,706,973
3,718,575
32,195,280
a
a
a
a
a
a
f
Real
Estate
Management
&
Development
0.5%
Cushman
&
Wakefield
US
Borrower
LLC
,
First
Lien,
2023
CME
Term
Loan,
B
,
8.344
%
,
(
1-month
SOFR
+
3
%
),
1/31/30
.....................................
United
States
5,074,219
5,086,904
First
Lien,
CME
Term
Loan
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
1/31/30
.........................................
United
States
625,285
628,411
abc
abc
abc
abc
abc
abc
Greystar
Real
Estate
Partners
LLC
,
First
Lien,
CME
Term
Loan,
B1
,
8.577
%
,
(
3-month
SOFR
+
3.25
%
),
8/21/30
...........
United
States
1,306,350
1,312,882
7,028,197
a
a
a
a
a
a
Semiconductors
&
Semiconductor
Equipment
0.3%
f
MKS
Instruments,
Inc.
,
First
Lien,
2023
Rolled
CME
Term
Loan,
B
,
7.832
%
,
(
1-month
SOFR
+
2.5
%
),
8/17/29
.............................
United
States
3,571,383
3,590,364
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
Semiconductors
&
Semiconductor
Equipment
(continued)
f
MKS
Instruments,
Inc.,
(continued)
First
Lien,
2024-1
Dollar
CME
Term
Loan,
B
,
7.597
%
,
(
1-month
SOFR
+
2.25
%
),
8/17/29
............................
United
States
1,020,408
$
1,025,832
4,616,196
a
a
a
a
a
a
f
Software
10.6%
abc
abc
abc
abc
abc
abc
AppLovin
Corp.
,
First
Lien,
Amendment
No.
1
Replacement
CME
Term
Loan,
10-I
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
10/25/28
..........
United
States
3,990,000
4,009,551
First
Lien,
Delayed
Draw
CME
Term
Loan,
B
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
8/15/30
.............................
United
States
3,570,863
3,583,415
abc
abc
abc
abc
abc
abc
Boxer
Parent
Co.,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
9.005
%
,
(
12-month
SOFR
+
3.75
%
),
7/02/31
....................
United
States
16,000,000
15,946,720
g
Central
Parent
LLC
,
First
Lien,
CME
Term
Loan,
B
,
8.585
%
,
(
3-month
SOFR
+
3.25
%
),
7/06/29
.....................
United
States
11,175,256
11,080,042
Cloud
Software
Group,
Inc.
,
First
Lien,
Initial
Dolla
CME
Term
Loan,
B
,
9.335
%
,
(
3-month
SOFR
+
4
%
),
3/30/29
...............................
United
States
11,300,129
11,309,113
g
First
Lien,
Third
Amendment
CME
Term
Loan
,
9.835
%
,
(
3-month
SOFR
+
4.5
%
),
3/20/31
......................
United
States
1,363,636
1,370,802
abc
abc
abc
abc
abc
abc
Cloudera,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.194
%
,
(
1-month
SOFR
+
3.75
%
),
10/09/28
....................
United
States
4,530,694
4,411,764
ConnectWise
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
9.096
%
,
(
3-month
SOFR
+
3.5
%
),
9/29/28
......................
United
States
3,167,513
3,161,970
Cornerstone
OnDemand,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.208
%
,
(
1-month
SOFR
+
3.75
%
),
10/16/28
.............
United
States
2,208,226
2,076,660
ECI
Macola/Max
Holding
LLC
,
First
Lien,
2024
Extending
CME
Term
Loan
,
9.085
%
,
(
3-month
SOFR
+
3.75
%
),
5/31/30
.....
United
States
6,390,593
6,440,535
Epicor
Software
Corp.
,
First
Lien,
Term
Loan,
E
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
5/30/31
.....................
United
States
10,363,648
10,445,884
Flexera
Software
LLC
,
First
Lien,
CME
Term
Loan,
B2
,
8.826
%
,
(
3-month
SOFR
+
3.5
%
),
3/03/28
......................
United
States
1,080,155
1,085,761
Genesys
Cloud
Services
Holdings
II
LLC
,
First
Lien,
2024
Incremental
Dollar
CME
Term
Loan
,
9.208
%
,
(
1-month
SOFR
+
3.75
%
),
12/01/27
....................
United
States
3,280,220
3,306,183
First
Lien,
Dollar
CME
Term
Loan,
B4
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
12/01/27
.................................
United
States
8,874,814
8,936,316
abc
abc
abc
abc
abc
abc
IGT
Holding
IV
AB
,
First
Lien,
CME
Term
Loan,
B2
,
4.162
%
,
(
1-
day
SOFR
+
3.4
%
),
3/31/28
..........................
Sweden
3,450,657
3,458,559
McAfee
Corp.
,
First
Lien,
Term
Loan,
B1
,
8.592
%
,
(
1-month
SOFR
+
3.25
%
),
3/01/29
............................
United
States
9,985,166
9,985,915
Mitchell
International,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
6/17/31
..............
United
States
3,000,000
2,972,625
Polaris
Newco
LLC
,
First
Lien,
Dollar
CME
Term
Loan
,
9.514
%
,
(
3-month
SOFR
+
4
%
),
6/02/28
.......................
United
States
7,209,024
7,227,046
Project
Alpha
Intermediate
Holding,
Inc.
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
9.002
%
,
(
3-month
SOFR
+
3.75
%
),
10/28/30
..................................
United
States
5,937,948
5,970,102
Project
Boost
Purchaser
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.786
%
,
(
3-month
SOFR
+
3.5
%
),
7/16/31
...............
United
States
6,920,251
6,943,330
Project
Ruby
Ultimate
Parent
Corp.
,
First
Lien,
CME
Term
Loan,
B1
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
3/10/28
............
United
States
1,548,358
1,555,713
Rocket
Software,
Inc.
,
First
Lien,
CME
Term
Loan
,
10.094
%
,
(
1-month
SOFR
+
4.75
%
),
11/28/28
....................
United
States
4,463,018
4,485,489
Severin
Acquisition
LLC
,
First
Lien,
CME
Term
Loan
,
8.252
%
,
(
3-month
SOFR
+
3
%
),
8/01/27
.......................
United
States
765,385
768,136
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
25
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
f
Software
(continued)
abc
abc
abc
abc
abc
abc
Sovos
Compliance
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
9.958
%
,
(
1-month
SOFR
+
4.5
%
),
8/11/28
...............
United
States
7,055,808
$
7,056,266
Surf
Holdings
LLC
,
First
Lien,
Dollar
CME
Term
Loan
,
8.96
%
,
(
1-month
SOFR
+
3.5
%
),
3/05/27
......................
United
States
4,961,264
4,983,640
UKG,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.555
%
,
(
3-month
SOFR
+
3.25
%
),
2/10/31
............................
United
States
8,651,264
8,687,167
Vision
Solutions,
Inc.
,
First
Lien,
New
CME
Term
Loan,
B
,
9.514
%
,
(
3-month
SOFR
+
4
%
),
4/24/28
................
United
States
2,895,864
2,811,580
VS
Buyer
LLC
,
First
Lien,
2024
Initial
CME
Term
Loan
,
8.579
%
,
(
1-month
SOFR
+
3.25
%
),
4/14/31
.....................
United
States
1,552,511
1,560,763
155,631,047
a
a
a
a
a
a
f
Specialty
Retail
3.4%
Evergreen
Acqco
1
LP
,
First
Lien,
Initial
CME
Term
Loan
,
9.085
%
,
(
3-month
SOFR
+
3.75
%
),
4/26/28
.....................
United
States
4,874,277
4,909,323
GNC
Holdings,
Inc.
,
Second
Lien,
CME
Term
Loan
,
11.444
%
,
(
1-month
SOFR
+
6
%
),
10/07/26
......................
United
States
16,213,611
11,754,868
Great
Outdoors
Group
LLC
,
First
Lien,
CME
Term
Loan,
B1
,
9.208
%
,
(
1-month
SOFR
+
3.75
%
),
3/06/28
..............
United
States
4,695,909
4,695,909
Michaels
Cos.,
Inc.
(The)
,
First
Lien,
CME
Term
Loan,
B
,
9.846
%
,
(
3-month
SOFR
+
4.25
%
),
4/17/28
.....................
United
States
1,219,502
1,001,669
Park
River
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.843
%
,
(
3-month
SOFR
+
3.25
%
),
12/28/27
.............
United
States
1,174,016
1,119,278
Petco
Health
&
Wellness
Co.,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.846
%
,
(
3-month
SOFR
+
3.25
%
),
3/03/28
.........
United
States
11,720,028
10,860,540
RealTruck
Group,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
1/31/28
......................
United
States
6,002,562
5,996,319
Restoration
Hardware,
Inc.
,
First
Lien,
2022
Incremental
CME
Term
Loan
,
8.694
%
,
(
1-month
SOFR
+
3.25
%
),
10/20/28
....
United
States
2,110,774
2,028,982
White
Cap
Supply
Holdings
LLC
,
First
Lien,
Term
Loan,
C
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
10/19/29
.............
United
States
3,791,948
3,774,561
Woof
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.346
%
,
(
3-month
SOFR
+
3.75
%
),
12/21/27
....................
United
States
5,142,950
3,953,642
50,095,091
a
a
a
a
a
a
f
Textiles,
Apparel
&
Luxury
Goods
1.2%
ABG
Intermediate
Holdings
2
LLC
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.097
%
,
(
1-month
SOFR
+
2.75
%
),
12/21/28
United
States
1,701,513
1,710,233
Champ
Acquisition
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
11.096
%
,
(
3-month
SOFR
+
5.5
%
),
12/19/25
.............
United
States
4,438,449
4,461,751
Flash
Charm,
Inc.
,
First
Lien,
Term
Loan,
B2
,
8.748
%
,
(
1-month
SOFR
+
3.5
%
),
3/02/28
.............................
United
States
4,920,474
4,899,021
Hanesbrands,
Inc.
,
First
Lien,
Initial
CME
Term
Loan,
B
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
3/08/30
.....................
United
States
5,657,035
5,683,567
Tory
Burch
LLC
,
First
Lien,
Initial
CME
Term
Loan,
B
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
4/14/28
.....................
United
States
1,480,668
1,485,177
18,239,749
a
a
a
a
a
a
Trading
Companies
&
Distributors
0.4%
f,g
Foundation
Building
Materials,
Inc.
,
First
Lien,
2024
Incremental
CME
Term
Loan
,
9.253
%
,
(
1-month
SOFR
+
4
%
),
1/29/31
...
United
States
6,090,750
6,046,592
Transportation
Infrastructure
0.7%
f,g
LaserShip,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
10.096
%
,
(
3-month
SOFR
+
4.5
%
),
5/08/28
......................
United
States
12,877,636
10,092,847
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.
26
See
Abbreviations
on
page
259
.
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
Wireless
Telecommunication
Services
0.3%
abc
abc
abc
abc
abc
f
Crown
Subsea
Communications
Holding,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
10.08
%
,
(
3-month
SOFR
+
4.75
%
),
1/26/31
...
United
States
3,870,968
$
3,901,935
Total
Senior
Floating
Rate
Interests
(Cost
$
1,282,029,730
)
......................
1,263,903,720
Asset-Backed
Securities
0.5%
Financial
Services
0.5%
d
,f
Alinea
CLO
Ltd.
,
2018-1A
,
C
,
144A,
FRN
,
7.444
%
,
(
3-month
SOFR
+
2.162
%
),
7/20/31
.
...........................
United
States
7,000,000
7,018,631
Total
Asset-Backed
Securities
(Cost
$
7,000,000
)
..............................
7,018,631
Shares
a
Escrows
and
Litigation
Trusts
0.0%
a,c
Millennium
Corporate
Claim
Trust,
Escrow
Account
..........
United
States
13,585,837
—
a,c
Millennium
Lender
Claim
Trust,
Escrow
Account
............
United
States
13,585,837
—
Total
Escrows
and
Litigation
Trusts
(Cost
$
–
)
.................................
—
Total
Long
Term
Investments
(Cost
$
1,425,983,979
)
...........................
1,387,911,870
a
Short
Term
Investments
6.3%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
5.0%
h,i
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
5.002
%
..
United
States
73,208,483
73,208,483
Total
Money
Market
Funds
(Cost
$
73,208,483
)
................................
73,208,483
Principal
Amount
*
Repurchase
Agreements
1.3%
j
Joint
Repurchase
Agreement
,
5.292
%
,
8/01/24
(Maturity
Value
$
19,026,052
)
BNP
Paribas
Securities
Corp.
(Maturity
Value
$2,736,517)
Deutsche
Bank
Securities,
Inc.
(Maturity
Value
$7,532,795)
HSBC
Securities
(USA),
Inc.
(Maturity
Value
$8,756,740)
Collateralized
by
U.S.
Government
Agency
Securities,
2%
-
6.5%,
3/20/45
-
7/20/54;
and
U.S.
Treasury
Notes,
2.88%
-
3.75%,
8/15/28
-
12/31/28
(valued
at
$
19,406,460
)
.........
19,023,255
19,023,255
Total
Repurchase
Agreements
(Cost
$
19,023,255
)
.............................
19,023,255
Total
Short
Term
Investments
(Cost
$
92,231,738
)
..............................
92,231,738
a
Total
Investments
(Cost
$
1,518,215,717
)
101.0
%
..............................
$1,480,143,608
Other
Assets,
less
Liabilities
(
1.0
)
%
.........................................
(14,991,492)
Net
Assets
100.0%
.........................................................
$1,465,152,116
a
a
a
*
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
Fair
valued
using
significant
unobservable
inputs.
See
Note
7
regarding
fair
value
measurements.
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
27
d
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,
2024,
the
aggregate
value
of
these
securities
was
$86,073,203,
representing
5.9%
of
net
assets.
e
Income
may
be
received
in
additional
securities
and/or
cash.
f
The
coupon
rate
shown
represents
the
rate
inclusive
of
any
caps
or
floors,
if
applicable,
in
effect
at
period
end.
g
A
portion
or
all
of
the
security
purchased
on
a
delayed
delivery
basis.
h
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
i
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
j
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,
2024,
all
repurchase
agreements
had
been
entered
into
on
that
date.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2024
Franklin
Long
Duration
Credit
Fund
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
94.2%
Aerospace
&
Defense
2.6%
a
BAE
Systems
plc
,
Senior
Bond
,
144A,
5.5
%
,
3/26/54
.........
United
Kingdom
200,000
$
200,397
Boeing
Co.
(The)
,
Senior
Bond
,
3.6
%
,
5/01/34
..........................
United
States
150,000
124,958
Senior
Bond
,
3.75
%
,
2/01/50
.........................
United
States
415,000
284,312
a
Senior
Bond
,
144A,
6.858
%
,
5/01/54
...................
United
States
125,000
132,454
a
Senior
Bond
,
144A,
7.008
%
,
5/01/64
...................
United
States
55,000
58,354
General
Dynamics
Corp.
,
Senior
Bond
,
2.85
%
,
6/01/41
.........................
United
States
125,000
92,581
Senior
Bond
,
3.6
%
,
11/15/42
.........................
United
States
180,000
146,663
Howmet
Aerospace,
Inc.
,
Senior
Bond
,
5.95
%
,
2/01/37
.......
United
States
305,000
320,811
Lockheed
Martin
Corp.
,
Senior
Bond
,
4.07
%
,
12/15/42
........................
United
States
390,000
339,097
Senior
Bond
,
2.8
%
,
6/15/50
..........................
United
States
50,000
32,944
Northrop
Grumman
Corp.
,
Senior
Bond
,
4.03
%
,
10/15/47
........................
United
States
400,000
326,525
Senior
Bond
,
4.95
%
,
3/15/53
.........................
United
States
270,000
251,080
2,310,176
Automobile
Components
0.2%
Aptiv
plc
,
Senior
Bond
,
3.1
%
,
12/01/51
...................
United
States
345,000
215,213
Banks
5.6%
Bank
of
America
Corp.
,
Senior
Bond
,
5.468%
to
1/22/34,
FRN
thereafter
,
1/23/35
...
United
States
150,000
153,437
Senior
Bond
,
2.676%
to
6/18/40,
FRN
thereafter
,
6/19/41
...
United
States
1,615,000
1,157,921
Citibank
NA
,
Senior
Bond
,
5.57
%
,
4/30/34
.................
United
States
250,000
260,144
b
HSBC
Holdings
plc
,
Senior
Bond
,
FRN
,
6.332
%
,
(
SOFR
+
2.65
%
),
3/09/44
...................................
United
Kingdom
200,000
215,415
JPMorgan
Chase
&
Co.
,
Senior
Bond
,
5.336%
to
1/22/34,
FRN
thereafter
,
1/23/35
...
United
States
170,000
172,754
Senior
Bond
,
5.766%
to
4/21/34,
FRN
thereafter
,
4/22/35
...
United
States
200,000
209,692
Senior
Bond
,
5.294%
to
7/21/34,
FRN
thereafter
,
7/22/35
...
United
States
200,000
202,885
Senior
Bond
,
3.109%
to
4/21/40,
FRN
thereafter
,
4/22/41
...
United
States
480,000
369,450
Senior
Bond
,
2.525%
to
11/18/40,
FRN
thereafter
,
11/19/41
..
United
States
425,000
299,163
b
Mizuho
Financial
Group,
Inc.
,
Senior
Bond
,
FRN
,
5.594
%
,
(
1-year
CMT
T-Note
+
1.3
%
),
7/10/35
.........................
Japan
350,000
357,843
PNC
Financial
Services
Group,
Inc.
(The)
,
Senior
Bond
,
5.676%
to
1/21/34,
FRN
thereafter
,
1/22/35
.....................
United
States
310,000
319,802
Truist
Financial
Corp.
,
Senior
Bond
,
5.122%
to
1/25/33,
FRN
thereafter
,
1/26/34
.................................
United
States
250,000
245,360
US
Bancorp
,
Senior
Bond
,
5.678%
to
1/22/34,
FRN
thereafter
,
1/23/35
.........................................
United
States
225,000
231,194
Wells
Fargo
&
Co.
,
Senior
Bond
,
3.068%
to
4/29/40,
FRN
thereafter
,
4/30/41
...
United
States
220,000
166,177
Senior
Bond
,
3.9
%
,
5/01/45
..........................
United
States
365,000
299,104
Senior
Bond
,
4.611%
to
4/24/52,
FRN
thereafter
,
4/25/53
...
United
States
345,000
306,339
4,966,680
Beverages
2.5%
Anheuser-Busch
Cos.
LLC
/
Anheuser-Busch
InBev
Worldwide,
Inc.
,
Senior
Bond
,
4.9
%
,
2/01/46
......................
Belgium
1,305,000
1,236,341
Anheuser-Busch
InBev
Worldwide,
Inc.
,
Senior
Bond
,
4.375
%
,
4/15/38
.........................................
Belgium
395,000
369,555
Coca-Cola
Co.
(The)
,
Senior
Bond
,
5.4
%
,
5/13/64
...........
United
States
380,000
386,699
Keurig
Dr
Pepper,
Inc.
,
Senior
Bond
,
3.35
%
,
3/15/51
.........
United
States
140,000
98,386
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Long
Duration
Credit
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)
Beverages
(continued)
PepsiCo,
Inc.
,
Senior
Bond
,
4.2
%
,
7/18/52
................
United
States
160,000
$
138,213
2,229,194
Biotechnology
3.2%
AbbVie,
Inc.
,
Senior
Bond
,
4.45
%
,
5/14/46
.........................
United
States
775,000
691,098
Senior
Bond
,
5.4
%
,
3/15/54
..........................
United
States
140,000
141,933
Amgen,
Inc.
,
Senior
Bond
,
3.15
%
,
2/21/40
.........................
United
States
335,000
257,092
Senior
Bond
,
5.6
%
,
3/02/43
..........................
United
States
455,000
459,646
Senior
Bond
,
5.65
%
,
3/02/53
.........................
United
States
480,000
484,001
a
CSL
Finance
plc
,
Senior
Bond
,
144A,
4.75
%
,
4/27/52
....................
Australia
290,000
262,621
Senior
Bond
,
144A,
5.417
%
,
4/03/54
...................
Australia
200,000
199,412
Regeneron
Pharmaceuticals,
Inc.
,
Senior
Bond
,
2.8
%
,
9/15/50
.
United
States
560,000
354,749
2,850,552
Broadline
Retail
1.4%
Amazon.com,
Inc.
,
Senior
Bond
,
2.875
%
,
5/12/41
...........
United
States
1,590,000
1,212,225
Building
Products
0.8%
Carrier
Global
Corp.
,
Senior
Bond
,
3.377
%
,
4/05/40
........................
United
States
180,000
143,604
Senior
Bond
,
3.577
%
,
4/05/50
........................
United
States
210,000
158,469
Owens
Corning
,
Senior
Bond
,
4.3
%
,
7/15/47
..........................
United
States
85,000
70,279
Senior
Bond
,
5.95
%
,
6/15/54
.........................
United
States
290,000
298,523
670,875
Capital
Markets
4.1%
BlackRock
Funding,
Inc.
,
Senior
Bond
,
5.25
%
,
3/14/54
.......
United
States
235,000
233,416
Goldman
Sachs
Group,
Inc.
(The)
,
Senior
Bond
,
3.102%
to
2/23/32,
FRN
thereafter
,
2/24/33
...
United
States
215,000
187,862
Senior
Bond
,
2.908%
to
7/20/41,
FRN
thereafter
,
7/21/42
...
United
States
310,000
224,448
Senior
Bond
,
3.436%
to
2/23/42,
FRN
thereafter
,
2/24/43
...
United
States
385,000
299,805
Jefferies
Financial
Group,
Inc.
,
Senior
Note
,
6.2
%
,
4/14/34
....
United
States
200,000
207,681
Moody's
Corp.
,
Senior
Bond
,
2.75
%
,
8/19/41
...............
United
States
110,000
78,582
Morgan
Stanley
,
Senior
Bond
,
5.32%
to
7/18/34,
FRN
thereafter
,
7/19/35
....
United
States
120,000
121,036
b
Senior
Bond
,
FRN
,
3.971
%
,
7/22/38
...................
United
States
925,000
812,192
Nasdaq,
Inc.
,
Senior
Bond
,
3.95
%
,
3/07/52
.........................
United
States
100,000
76,384
Senior
Bond
,
5.95
%
,
8/15/53
.........................
United
States
100,000
104,177
S&P
Global,
Inc.
,
Senior
Bond
,
3.9
%
,
3/01/62
..............
United
States
165,000
127,875
a
,b
UBS
Group
AG
,
Senior
Bond
,
144A,
FRN
,
2.746
%
,
(
1-year
CMT
T-Note
+
1.1
%
),
2/11/33
.............................
Switzerland
1,350,000
1,135,024
3,608,482
Chemicals
0.3%
Albemarle
Corp.
,
Senior
Bond
,
5.65
%
,
6/01/52
.............
United
States
40,000
34,661
Westlake
Corp.
,
Senior
Bond
,
2.875
%
,
8/15/41
........................
United
States
205,000
142,206
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Long
Duration
Credit
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)
Chemicals
(continued)
Westlake
Corp.,
(continued)
Senior
Bond
,
3.125
%
,
8/15/51
........................
United
States
110,000
$
71,382
248,249
Communications
Equipment
1.0%
Cisco
Systems,
Inc.
,
Senior
Bond
,
5.3
%
,
2/26/54
............
United
States
405,000
408,468
Motorola
Solutions,
Inc.
,
Senior
Bond
,
5.5
%
,
9/01/44
.........
United
States
485,000
483,675
892,143
Consumer
Finance
0.6%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
,
Senior
Bond
,
3.3
%
,
1/30/32
..........................
Ireland
580,000
510,889
Consumer
Staples
Distribution
&
Retail
0.7%
Dollar
Tree,
Inc.
,
Senior
Bond
,
3.375
%
,
12/01/51
............
United
States
130,000
86,233
Sysco
Corp.
,
Senior
Bond
,
3.3
%
,
2/15/50
.................
United
States
225,000
159,109
Walmart,
Inc.
,
Senior
Bond
,
2.65
%
,
9/22/51
.........................
United
States
340,000
221,499
Senior
Bond
,
4.5
%
,
4/15/53
..........................
United
States
180,000
164,722
631,563
Containers
&
Packaging
0.3%
a
Smurfit
Kappa
Treasury
ULC
,
Senior
Bond
,
144A,
5.777
%
,
4/03/54
.........................................
Ireland
220,000
224,875
Diversified
Consumer
Services
2.0%
Leland
Stanford
Junior
University
(The)
,
3.647
%
,
5/01/48
.....
United
States
895,000
748,648
Massachusetts
Institute
of
Technology
,
G
,
2.294
%
,
7/01/51
....
United
States
445,000
274,768
President
and
Fellows
of
Harvard
College
,
3.745
%
,
11/15/52
...
United
States
450,000
372,785
University
of
Miami
,
2022
,
Senior
Bond
,
4.063
%
,
4/01/52
.....
United
States
240,000
200,707
University
of
Southern
California
,
3.028
%
,
10/01/39
..........
United
States
150,000
124,189
1,721,097
Diversified
REITs
1.1%
Simon
Property
Group
LP
,
Senior
Bond
,
4.75
%
,
3/15/42
.........................
United
States
225,000
203,931
Senior
Bond
,
4.25
%
,
11/30/46
........................
United
States
370,000
308,837
VICI
Properties
LP
,
Senior
Bond
,
5.75
%
,
4/01/34
............
United
States
210,000
213,332
a
VICI
Properties
LP
/
VICI
Note
Co.,
Inc.
,
Senior
Bond
,
144A,
4.125
%
,
8/15/30
...................................
United
States
230,000
213,527
939,627
Diversified
Telecommunication
Services
3.9%
AT&T,
Inc.
,
Senior
Bond
,
2.55
%
,
12/01/33
........................
United
States
475,000
388,655
Senior
Bond
,
3.5
%
,
6/01/41
..........................
United
States
370,000
291,336
Senior
Bond
,
4.35
%
,
6/15/45
.........................
United
States
320,000
273,323
Senior
Bond
,
4.75
%
,
5/15/46
.........................
United
States
855,000
764,312
Senior
Bond
,
3.5
%
,
9/15/53
..........................
United
States
450,000
314,868
Verizon
Communications,
Inc.
,
Senior
Bond
,
2.65
%
,
11/20/40
........................
United
States
1,190,000
841,547
Senior
Bond
,
3.85
%
,
11/01/42
........................
United
States
100,000
81,702
Senior
Bond
,
4.125
%
,
8/15/46
........................
United
States
230,000
191,936
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Long
Duration
Credit
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)
Diversified
Telecommunication
Services
(continued)
Verizon
Communications,
Inc.,
(continued)
Senior
Note
,
2.355
%
,
3/15/32
........................
United
States
345,000
$
288,718
3,436,397
Electric
Utilities
9.5%
Alabama
Power
Co.
,
Senior
Bond
,
4.15
%
,
8/15/44
..........
United
States
375,000
318,078
Appalachian
Power
Co.
,
Senior
Bond
,
7
%
,
4/01/38
..........
United
States
175,000
198,555
Baltimore
Gas
and
Electric
Co.
,
Senior
Bond
,
4.55
%
,
6/01/52
..
United
States
225,000
194,792
Commonwealth
Edison
Co.
,
Senior
Bond
,
3.125
%
,
3/15/51
........................
United
States
60,000
40,678
Senior
Bond
,
3.85
%
,
3/15/52
.........................
United
States
265,000
204,787
DTE
Electric
Co.
,
B
,
Senior
Bond
,
3.65
%
,
3/01/52
...........
United
States
395,000
300,106
Duke
Energy
Carolinas
LLC
,
Senior
Bond
,
3.95
%
,
3/15/48
....
United
States
915,000
728,616
Duke
Energy
Corp.
,
Senior
Bond
,
3.5
%
,
6/15/51
............
United
States
480,000
336,396
Duke
Energy
Florida
LLC
,
Senior
Bond
,
3.4
%
,
10/01/46
......
United
States
380,000
275,556
Duke
Energy
Progress
LLC
,
Senior
Bond
,
4.15
%
,
12/01/44
........................
United
States
240,000
199,253
Senior
Bond
,
3.6
%
,
9/15/47
..........................
United
States
70,000
52,598
Entergy
Louisiana
LLC
,
Senior
Bond
,
3.1
%
,
6/15/41
.........
United
States
250,000
185,098
Florida
Power
&
Light
Co.
,
Senior
Bond
,
4.05
%
,
6/01/42
.........................
United
States
825,000
706,109
Senior
Bond
,
3.95
%
,
3/01/48
.........................
United
States
70,000
57,191
Georgia
Power
Co.
,
Senior
Bond
,
5.125
%
,
5/15/52
..........
United
States
365,000
350,245
MidAmerican
Energy
Co.
,
Senior
Bond
,
3.95
%
,
8/01/47
.........................
United
States
180,000
144,636
Senior
Bond
,
3.15
%
,
4/15/50
.........................
United
States
925,000
641,195
Northern
States
Power
Co.
,
Senior
Bond
,
2.6
%
,
6/01/51
......
United
States
515,000
318,713
Pacific
Gas
and
Electric
Co.
,
Senior
Bond
,
4.75
%
,
2/15/44
.........................
United
States
220,000
185,431
Senior
Bond
,
4
%
,
12/01/46
..........................
United
States
75,000
56,067
PacifiCorp
,
Senior
Bond
,
5.8
%
,
1/15/55
...................
United
States
320,000
317,939
PECO
Energy
Co.
,
Senior
Bond
,
4.8
%
,
10/15/43
............
United
States
215,000
199,984
PG&E
Wildfire
Recovery
Funding
LLC
,
A-5
,
Senior
Secured
Bond
,
5.099
%
,
6/01/52
..............................
United
States
640,000
635,659
PPL
Electric
Utilities
Corp.
,
Senior
Bond
,
3.95
%
,
6/01/47
......
United
States
345,000
282,466
Public
Service
Co.
of
Colorado
,
Senior
Bond
,
3.8
%
,
6/15/47
...
United
States
310,000
236,815
Public
Service
Electric
and
Gas
Co.
,
Senior
Bond
,
5.45
%
,
8/01/53
.........................
United
States
185,000
187,416
Senior
Secured
Bond
,
3
%
,
3/01/51
....................
United
States
390,000
264,092
Southern
California
Edison
Co.
,
Senior
Bond
,
4
%
,
4/01/47
.....
United
States
335,000
265,934
Virginia
Electric
and
Power
Co.
,
Senior
Bond
,
4.45
%
,
2/15/44
..
United
States
565,000
492,998
8,377,403
Entertainment
1.4%
Netflix,
Inc.
,
Senior
Bond
,
5.4
%
,
8/15/54
..................
United
States
310,000
313,702
Walt
Disney
Co.
(The)
,
Senior
Bond
,
3.8
%
,
5/13/60
..........
United
States
215,000
163,459
Warnermedia
Holdings,
Inc.
,
Senior
Bond
,
5.05
%
,
3/15/42
.........................
United
States
725,000
572,295
Senior
Bond
,
5.391
%
,
3/15/62
........................
United
States
235,000
175,387
1,224,843
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Long
Duration
Credit
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
Corporate
Bonds
(continued)
Financial
Services
2.4%
Fiserv,
Inc.
,
Senior
Bond
,
4.4
%
,
7/01/49
..................
United
States
520,000
$
436,148
Global
Payments,
Inc.
,
Senior
Bond
,
5.95
%
,
8/15/52
.........
United
States
355,000
350,299
Mastercard,
Inc.
,
Senior
Bond
,
3.65
%
,
6/01/49
.............
United
States
300,000
236,484
Shell
International
Finance
BV
,
Senior
Bond
,
3
%
,
11/26/51
....
United
States
340,000
229,384
a
Siemens
Financieringsmaatschappij
NV
,
Senior
Bond
,
144A,
2.875
%
,
3/11/41
...................................
Germany
715,000
537,238
Visa,
Inc.
,
Senior
Bond
,
4.3
%
,
12/14/45
...................
United
States
350,000
312,974
2,102,527
Food
Products
1.9%
a
Cargill,
Inc.
,
Senior
Bond
,
144A,
4.375
%
,
4/22/52
...........
United
States
230,000
200,891
Conagra
Brands,
Inc.
,
Senior
Bond
,
5.3
%
,
11/01/38
.........................
United
States
160,000
155,939
Senior
Bond
,
5.4
%
,
11/01/48
.........................
United
States
170,000
161,594
JBS
USA
Holding
Lux
SARL
/
JBS
USA
Food
Co.
/
JBS
Lux
Co.
SARL
,
Senior
Bond
,
4.375
%
,
2/02/52
........................
United
States
425,000
320,568
Senior
Bond
,
6.5
%
,
12/01/52
.........................
United
States
70,000
70,714
Kraft
Heinz
Foods
Co.
,
Senior
Bond
,
4.375
%
,
6/01/46
........
United
States
225,000
189,127
a
Mars,
Inc.
,
Senior
Bond
,
144A,
3.95
%
,
4/01/49
....................
United
States
75,000
61,499
Senior
Bond
,
144A,
4.125
%
,
4/01/54
...................
United
States
180,000
149,777
a
Nestle
Holdings,
Inc.
,
Senior
Bond
,
144A,
4.7
%
,
1/15/53
......
United
States
385,000
358,450
1,668,559
Gas
Utilities
0.5%
Southern
California
Gas
Co.
,
Senior
Bond
,
6.35
%
,
11/15/52
...
United
States
370,000
412,708
Ground
Transportation
3.0%
a
Ashtead
Capital,
Inc.
,
Senior
Bond
,
144A,
5.55
%
,
5/30/33
.....
United
Kingdom
400,000
400,642
Burlington
Northern
Santa
Fe
LLC
,
Senior
Bond
,
5.75
%
,
5/01/40
.........................
United
States
1,205,000
1,266,064
Senior
Bond
,
4.15
%
,
4/01/45
.........................
United
States
175,000
149,489
CSX
Corp.
,
Senior
Bond
,
4.5
%
,
11/15/52
..................
United
States
175,000
154,260
Union
Pacific
Corp.
,
Senior
Bond
,
3.55
%
,
8/15/39
.........................
United
States
310,000
261,756
Senior
Bond
,
4.05
%
,
3/01/46
.........................
United
States
480,000
400,750
2,632,961
Health
Care
Equipment
&
Supplies
0.7%
Baxter
International,
Inc.
,
Senior
Bond
,
3.132
%
,
12/01/51
.....
United
States
365,000
236,819
Medtronic,
Inc.
,
Senior
Bond
,
4.625
%
,
3/15/45
.............
United
States
200,000
185,319
a
Solventum
Corp.
,
Senior
Bond
,
144A,
5.6
%
,
3/23/34
.........
United
States
230,000
231,483
653,621
Health
Care
Providers
&
Services
6.7%
Ascension
Health
,
Senior
Bond
,
3.945
%
,
11/15/46
.......................
United
States
215,000
185,036
B
,
Senior
Bond
,
3.106
%
,
11/15/39
.....................
United
States
360,000
290,284
Cigna
Group
(The)
,
Senior
Bond
,
4.9
%
,
12/15/48
...........
United
States
225,000
202,318
CommonSpirit
Health
,
Senior
Secured
Bond
,
4.187
%
,
10/01/49
.
United
States
415,000
343,580
CVS
Health
Corp.
,
Senior
Bond
,
4.78
%
,
3/25/38
.........................
United
States
340,000
312,456
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Long
Duration
Credit
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
Corporate
Bonds
(continued)
Health
Care
Providers
&
Services
(continued)
CVS
Health
Corp.,
(continued)
Senior
Bond
,
5.125
%
,
7/20/45
........................
United
States
805,000
$
728,041
Elevance
Health,
Inc.
,
Senior
Bond
,
4.65
%
,
1/15/43
.........
United
States
805,000
724,707
HCA,
Inc.
,
Senior
Bond
,
4.625
%
,
3/15/52
.................
United
States
705,000
582,656
a
Health
Care
Service
Corp.
A
Mutual
Legal
Reserve
Co.
,
Senior
Bond
,
144A,
5.875
%
,
6/15/54
.........................
United
States
355,000
357,529
Icon
Investments
Six
DAC
,
Senior
Secured
Bond
,
6
%
,
5/08/34
.
United
States
250,000
260,980
Kaiser
Foundation
Hospitals
,
2021
,
3.002
%
,
6/01/51
.........
United
States
435,000
302,182
Sutter
Health
,
5.547
%
,
8/15/53
.........................
United
States
125,000
133,420
UnitedHealth
Group,
Inc.
,
Senior
Bond
,
3.5
%
,
8/15/39
..........................
United
States
110,000
91,023
Senior
Bond
,
3.95
%
,
10/15/42
........................
United
States
200,000
169,132
Senior
Bond
,
6.05
%
,
2/15/63
.........................
United
States
580,000
623,678
Senior
Bond
,
5.75
%
,
7/15/64
.........................
United
States
225,000
231,269
UPMC
,
Secured
Bond
,
5.377
%
,
5/15/43
..................
United
States
320,000
329,547
5,867,838
Health
Care
REITs
0.6%
Alexandria
Real
Estate
Equities,
Inc.
,
Senior
Bond
,
3.55
%
,
3/15/52
.........................................
United
States
755,000
523,230
Hotels,
Restaurants
&
Leisure
0.4%
McDonald's
Corp.
,
Senior
Bond
,
4.875
%
,
12/09/45
.......................
United
States
190,000
175,647
Senior
Bond
,
4.45
%
,
3/01/47
.........................
United
States
240,000
206,666
382,313
Independent
Power
and
Renewable
Electricity
Producers
0.4%
Constellation
Energy
Generation
LLC
,
Senior
Bond
,
6.5
%
,
10/01/53
........................................
United
States
335,000
369,128
Industrial
Conglomerates
0.6%
Honeywell
International,
Inc.
,
Senior
Bond
,
5.25
%
,
3/01/54
....
United
States
520,000
516,141
Insurance
4.3%
American
International
Group,
Inc.
,
Senior
Bond
,
4.5
%
,
7/16/44
..........................
United
States
210,000
186,184
Senior
Bond
,
4.8
%
,
7/10/45
..........................
United
States
305,000
280,458
Arch
Capital
Group
Ltd.
,
Senior
Bond
,
3.635
%
,
6/30/50
.......
United
States
215,000
156,251
Arch
Capital
Group
US,
Inc.
,
Senior
Bond
,
5.144
%
,
11/01/43
...
United
States
245,000
230,454
Arthur
J
Gallagher
&
Co.
,
Senior
Bond
,
3.5
%
,
5/20/51
..........................
United
States
105,000
74,634
Senior
Bond
,
3.05
%
,
3/09/52
.........................
United
States
745,000
473,612
Berkshire
Hathaway
Finance
Corp.
,
Senior
Bond
,
2.85
%
,
10/15/50
........................
United
States
80,000
53,474
Senior
Bond
,
3.85
%
,
3/15/52
.........................
United
States
515,000
412,282
Brown
&
Brown,
Inc.
,
Senior
Bond
,
4.95
%
,
3/17/52
..........
United
States
290,000
253,974
Chubb
INA
Holdings
LLC
,
Senior
Bond
,
3.05
%
,
12/15/61
......
United
States
185,000
120,829
Markel
Group,
Inc.
,
Senior
Bond
,
6
%
,
5/16/54
..............
United
States
130,000
131,974
Marsh
&
McLennan
Cos.,
Inc.
,
Senior
Bond
,
4.9
%
,
3/15/49
..........................
United
States
190,000
175,835
Senior
Bond
,
5.45
%
,
3/15/53
.........................
United
States
160,000
160,358
a
Northwestern
Mutual
Life
Insurance
Co.
(The)
,
Sub.
Bond
,
144A,
3.45
%
,
3/30/51
...................................
United
States
475,000
335,320
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Long
Duration
Credit
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
Corporate
Bonds
(continued)
Insurance
(continued)
Progressive
Corp.
(The)
,
Senior
Bond
,
4.125
%
,
4/15/47
......
United
States
430,000
$
364,493
Travelers
Cos.,
Inc.
(The)
,
Senior
Bond
,
4
%
,
5/30/47
.........
United
States
410,000
340,743
3,750,875
Interactive
Media
&
Services
0.6%
Meta
Platforms,
Inc.
,
Senior
Bond
,
5.75
%
,
5/15/63
..........
United
States
510,000
535,988
IT
Services
0.1%
IBM
International
Capital
Pte.
Ltd.
,
Senior
Bond
,
5.3
%
,
2/05/54
.
United
States
100,000
96,305
Life
Sciences
Tools
&
Services
0.5%
Thermo
Fisher
Scientific,
Inc.
,
Senior
Bond
,
5.404
%
,
8/10/43
...
United
States
385,000
393,071
Machinery
0.2%
Ingersoll
Rand,
Inc.
,
Senior
Bond
,
5.7
%
,
6/15/54
............
United
States
195,000
201,384
Media
3.9%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
,
Senior
Secured
Bond
,
5.375
%
,
4/01/38
.................
United
States
820,000
740,851
Senior
Secured
Bond
,
3.5
%
,
6/01/41
...................
United
States
300,000
208,132
Senior
Secured
Bond
,
3.5
%
,
3/01/42
...................
United
States
630,000
432,140
Senior
Secured
Bond
,
5.375
%
,
5/01/47
.................
United
States
50,000
41,418
Comcast
Corp.
,
Senior
Bond
,
3.4
%
,
7/15/46
..........................
United
States
355,000
263,611
Senior
Bond
,
3.969
%
,
11/01/47
.......................
United
States
515,000
412,091
Senior
Bond
,
2.887
%
,
11/01/51
.......................
United
States
895,000
574,300
Fox
Corp.
,
Senior
Bond
,
5.476
%
,
1/25/39
.................
United
States
685,000
675,386
Paramount
Global
,
Senior
Bond
,
5.85
%
,
9/01/43
............
United
States
125,000
103,410
3,451,339
Metals
&
Mining
1.1%
a
Anglo
American
Capital
plc
,
Senior
Bond
,
144A,
4.75
%
,
3/16/52
South
Africa
200,000
170,274
Freeport-McMoRan,
Inc.
,
Senior
Bond
,
5.4
%
,
11/14/34
.........................
United
States
175,000
174,818
Senior
Bond
,
5.45
%
,
3/15/43
.........................
United
States
165,000
158,375
a
Newmont
Corp.
/
Newcrest
Finance
Pty.
Ltd.
,
Senior
Bond
,
144A,
4.2
%
,
5/13/50
....................................
United
States
205,000
171,730
Vale
Overseas
Ltd.
,
Senior
Bond
,
6.125
%
,
6/12/33
..........
Brazil
320,000
327,536
1,002,733
Multi-Utilities
1.4%
Consolidated
Edison
Co.
of
New
York,
Inc.
,
Senior
Bond
,
4.45
%
,
3/15/44
.........................................
United
States
510,000
448,658
Consumers
Energy
Co.
,
Senior
Bond
,
4.05
%
,
5/15/48
.........................
United
States
150,000
125,321
Senior
Bond
,
4.35
%
,
4/15/49
.........................
United
States
330,000
287,218
Dominion
Energy,
Inc.
,
B
,
Senior
Bond
,
4.85
%
,
8/15/52
.......
United
States
425,000
377,356
1,238,553
Oil,
Gas
&
Consumable
Fuels
7.6%
a
Aker
BP
ASA
,
Senior
Bond
,
144A,
3.1
%
,
7/15/31
............
Norway
400,000
347,549
BP
Capital
Markets
America,
Inc.
,
Senior
Bond
,
3.06
%
,
6/17/41
.
United
States
695,000
523,185
Canadian
Natural
Resources
Ltd.
,
Senior
Bond
,
5.85
%
,
2/01/35
.........................
Canada
340,000
347,148
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Long
Duration
Credit
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
Corporate
Bonds
(continued)
Oil,
Gas
&
Consumable
Fuels
(continued)
Canadian
Natural
Resources
Ltd.,
(continued)
Senior
Bond
,
4.95
%
,
6/01/47
.........................
Canada
80,000
$
71,363
Cheniere
Energy
Partners
LP
,
Senior
Bond
,
3.25
%
,
1/31/32
....
United
States
285,000
248,848
a
Cheniere
Energy,
Inc.
,
Senior
Bond
,
144A,
5.65
%
,
4/15/34
....
United
States
180,000
183,023
ConocoPhillips
Co.
,
Senior
Bond
,
3.8
%
,
3/15/52
............
United
States
605,000
466,690
Diamondback
Energy,
Inc.
,
Senior
Bond
,
4.4
%
,
3/24/51
.......
United
States
330,000
271,904
Energy
Transfer
LP
,
Senior
Bond
,
5.15
%
,
3/15/45
.........................
United
States
865,000
783,050
Senior
Bond
,
6.125
%
,
12/15/45
.......................
United
States
100,000
101,266
Senior
Bond
,
6
%
,
6/15/48
...........................
United
States
460,000
457,483
Enterprise
Products
Operating
LLC
,
Senior
Bond
,
4.9
%
,
5/15/46
United
States
195,000
180,620
Exxon
Mobil
Corp.
,
Senior
Bond
,
3.452
%
,
4/15/51
...........
United
States
555,000
413,966
Hess
Corp.
,
Senior
Bond
,
5.6
%
,
2/15/41
..........................
United
States
140,000
142,477
Senior
Bond
,
5.8
%
,
4/01/47
..........................
United
States
20,000
20,779
a
Hess
Midstream
Operations
LP
,
Senior
Note
,
144A,
4.25
%
,
2/15/30
.........................................
United
States
390,000
362,262
Occidental
Petroleum
Corp.
,
Senior
Bond
,
5.55
%
,
10/01/34
........................
United
States
125,000
125,762
Senior
Bond
,
6.05
%
,
10/01/54
........................
United
States
90,000
90,539
Targa
Resources
Corp.
,
Senior
Bond
,
4.95
%
,
4/15/52
........
United
States
200,000
175,344
Targa
Resources
Partners
LP
/
Targa
Resources
Partners
Finance
Corp.
,
Senior
Bond
,
4
%
,
1/15/32
................
United
States
540,000
492,321
TotalEnergies
Capital
SA
,
Senior
Bond
,
5.638
%
,
4/05/64
......
France
265,000
269,493
a
Var
Energi
ASA
,
Senior
Bond
,
144A,
8
%
,
11/15/32
..........
Norway
200,000
228,614
Williams
Cos.,
Inc.
(The)
,
Senior
Bond
,
5.1
%
,
9/15/45
........
United
States
430,000
397,654
6,701,340
Personal
Care
Products
0.6%
Haleon
US
Capital
LLC
,
Senior
Bond
,
4
%
,
3/24/52
..........
United
States
250,000
203,271
Kenvue,
Inc.
,
Senior
Bond
,
5.05
%
,
3/22/53
................
United
States
305,000
295,075
498,346
Pharmaceuticals
4.3%
a
Bayer
US
Finance
II
LLC
,
Senior
Bond
,
144A,
4.875
%
,
6/25/48
.
Germany
565,000
463,267
Bristol-Myers
Squibb
Co.
,
Senior
Bond
,
5.5
%
,
2/22/44
..........................
United
States
100,000
101,837
Senior
Bond
,
4.35
%
,
11/15/47
........................
United
States
130,000
111,691
Senior
Bond
,
2.55
%
,
11/13/50
........................
United
States
185,000
112,619
Senior
Bond
,
3.7
%
,
3/15/52
..........................
United
States
145,000
109,616
Senior
Bond
,
5.55
%
,
2/22/54
.........................
United
States
380,000
385,263
Eli
Lilly
&
Co.
,
Senior
Bond
,
5
%
,
2/09/54
...........................
United
States
130,000
126,818
Senior
Bond
,
4.95
%
,
2/27/63
.........................
United
States
380,000
362,680
Merck
&
Co.,
Inc.
,
Senior
Bond
,
2.75
%
,
12/10/51
............
United
States
310,000
200,128
Novartis
Capital
Corp.
,
Senior
Bond
,
2.75
%
,
8/14/50
.........
Switzerland
240,000
161,184
Pfizer
Investment
Enterprises
Pte.
Ltd.
,
Senior
Bond
,
5.3
%
,
5/19/53
.........................................
United
States
725,000
716,488
a
Roche
Holdings,
Inc.
,
Senior
Bond
,
144A,
2.607
%
,
12/13/51
...
United
States
695,000
441,188
Royalty
Pharma
plc
,
Senior
Bond
,
3.35
%
,
9/02/51
...........
United
States
710,000
468,987
3,761,766
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Long
Duration
Credit
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
Corporate
Bonds
(continued)
Semiconductors
&
Semiconductor
Equipment
0.3%
Analog
Devices,
Inc.
,
Senior
Bond
,
2.95
%
,
10/01/51
.........
United
States
390,000
$
264,029
Software
3.4%
Intuit,
Inc.
,
Senior
Bond
,
5.5
%
,
9/15/53
...................
United
States
230,000
237,388
Microsoft
Corp.
,
Senior
Bond
,
2.525
%
,
6/01/50
........................
United
States
75,000
48,795
Senior
Bond
,
2.921
%
,
3/17/52
........................
United
States
1,005,000
706,502
Oracle
Corp.
,
Senior
Bond
,
3.8
%
,
11/15/37
.........................
United
States
600,000
509,001
Senior
Bond
,
3.6
%
,
4/01/40
..........................
United
States
945,000
748,321
Senior
Bond
,
4
%
,
7/15/46
...........................
United
States
450,000
354,640
Salesforce,
Inc.
,
Senior
Bond
,
2.9
%
,
7/15/51
...............
United
States
625,000
415,253
3,019,900
Specialized
REITs
0.3%
Crown
Castle,
Inc.
,
Senior
Bond
,
2.9
%
,
4/01/41
.............
United
States
365,000
260,817
Specialty
Retail
1.2%
Home
Depot,
Inc.
(The)
,
Senior
Bond
,
4.4
%
,
3/15/45
..........................
United
States
80,000
71,256
Senior
Bond
,
4.25
%
,
4/01/46
.........................
United
States
160,000
138,837
Senior
Bond
,
3.9
%
,
6/15/47
..........................
United
States
70,000
57,043
Senior
Bond
,
3.125
%
,
12/15/49
.......................
United
States
180,000
126,492
Senior
Bond
,
3.35
%
,
4/15/50
.........................
United
States
30,000
21,933
Senior
Bond
,
3.625
%
,
4/15/52
........................
United
States
330,000
251,219
Senior
Bond
,
5.3
%
,
6/25/54
..........................
United
States
90,000
89,625
Lowe's
Cos.,
Inc.
,
Senior
Bond
,
3.7
%
,
4/15/46
..........................
United
States
125,000
94,886
Senior
Bond
,
4.05
%
,
5/03/47
.........................
United
States
165,000
131,405
Senior
Bond
,
3
%
,
10/15/50
..........................
United
States
80,000
51,674
1,034,370
Technology
Hardware,
Storage
&
Peripherals
2.2%
Apple,
Inc.
,
Senior
Bond
,
3.85
%
,
5/04/43
..................
United
States
1,745,000
1,512,720
Dell
International
LLC
/
EMC
Corp.
,
Senior
Bond
,
3.375
%
,
12/15/41
........................................
United
States
510,000
385,227
1,897,947
Tobacco
1.5%
Altria
Group,
Inc.
,
Senior
Bond
,
2.45
%
,
2/04/32
.........................
United
States
450,000
373,763
Senior
Bond
,
3.4
%
,
2/04/41
..........................
United
States
140,000
104,322
BAT
Capital
Corp.
,
Senior
Bond
,
4.39
%
,
8/15/37
.........................
United
Kingdom
240,000
210,980
Senior
Bond
,
7.079
%
,
8/02/43
........................
United
Kingdom
260,000
284,804
Philip
Morris
International,
Inc.
,
Senior
Bond
,
3.875
%
,
8/21/42
..
United
States
450,000
364,002
1,337,871
Water
Utilities
0.4%
American
Water
Capital
Corp.
,
Senior
Bond
,
3.45
%
,
5/01/50
...
United
States
455,000
330,651
Wireless
Telecommunication
Services
1.9%
T-Mobile
USA,
Inc.
,
Senior
Bond
,
3
%
,
2/15/41
...........................
United
States
420,000
309,523
Senior
Bond
,
3.4
%
,
10/15/52
.........................
United
States
885,000
621,058
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Long
Duration
Credit
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
Corporate
Bonds
(continued)
Wireless
Telecommunication
Services
(continued)
Vodafone
Group
plc
,
Senior
Bond
,
6.15
%
,
2/27/37
.........................
United
Kingdom
257,000
$
278,540
Senior
Bond
,
5.75
%
,
6/28/54
.........................
United
Kingdom
250,000
248,295
Senior
Bond
,
5.875
%
,
6/28/64
........................
United
Kingdom
235,000
232,045
1,689,461
Total
Corporate
Bonds
(Cost
$
78,606,846
)
....................................
82,866,255
Foreign
Government
and
Agency
Securities
3.0%
a
Bermuda
Government
Bond
,
Senior
Bond
,
144A,
3.375
%
,
8/20/50
.........................................
United
States
200,000
139,900
Mexico
Government
Bond
,
Senior
Bond
,
4.75
%
,
3/08/44
.........................
Mexico
550,000
452,191
Senior
Bond
,
6.338
%
,
5/04/53
........................
Mexico
945,000
907,891
Philippines
Government
Bond
,
Senior
Bond
,
4.2
%
,
3/29/47
....
Philippines
410,000
346,011
a
Saudi
Arabia
Government
Bond
,
Senior
Bond
,
144A,
5
%
,
1/18/53
Saudi
Arabia
565,000
503,493
Uruguay
Government
Bond
,
Senior
Bond
,
5.1
%
,
6/18/50
......
Uruguay
300,000
289,019
Total
Foreign
Government
and
Agency
Securities
(Cost
$
2,561,860
)
.............
2,638,505
U.S.
Government
and
Agency
Securities
1.2%
U.S.
Treasury
Bonds
,
Strip,
11/15/44
....................................
United
States
770,000
312,003
4.75
%,
11/15/53
...................................
United
States
50,000
53,383
4.25
%,
2/15/54
...................................
United
States
600,000
590,203
4.625
%,
5/15/54
...................................
United
States
90,000
94,261
Total
U.S.
Government
and
Agency
Securities
(Cost
$
1,025,456
)
................
1,049,850
Municipal
Bonds
0.3%
Texas
0.3%
Dallas
Fort
Worth
International
Airport
,
Revenue
,
2022
A
,
4.507
%
,
11/01/51
........................................
United
States
245,000
226,034
Total
Municipal
Bonds
(Cost
$
208,869
)
.......................................
226,034
Total
Long
Term
Investments
(Cost
$
82,403,031
)
..............................
86,780,644
a
Short
Term
Investments
0.2%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
0.2%
c,d
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
5.002
%
..
United
States
168,991
168,991
Total
Money
Market
Funds
(Cost
$
168,991
)
...................................
168,991
Total
Short
Term
Investments
(Cost
$
168,991
)
................................
168,991
a
Total
Investments
(Cost
$
82,572,022
)
98.9
%
..................................
$86,949,635
Other
Assets,
less
Liabilities
1.1
%
...........................................
1,018,517
Net
Assets
100.0%
.........................................................
$87,968,152
a
a
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Long
Duration
Credit
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
38
See
Abbreviations
on
page
259
.
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
a
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,
2024,
the
aggregate
value
of
these
securities
was
$8,070,793,
representing
9.2%
of
net
assets.
b
The
coupon
rate
shown
represents
the
rate
at
period
end.
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,
2024
Franklin
Low
Duration
Total
Return
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
39
,
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
—
—
Hotels,
Restaurants
&
Leisure
0.0%
†
b
24
Hour
Fitness
Worldwide,
Inc.
........................
United
States
24,921
4,635
Machinery
0.0%
†
UTEX
Industries,
Inc.
................................
United
States
9,228
393,731
Specialty
Retail
0.0%
a,b
Party
City
Holdco,
Inc.
................................
United
States
23
—
Total
Common
Stocks
(Cost
$
788,801
)
.......................................
398,366
Preferred
Stocks
0.0%
†
Hotels,
Restaurants
&
Leisure
0.0%
†
b
24
Hour
Fitness
Worldwide,
Inc.
........................
United
States
59,023
5,165
b
Total
Preferred
Stocks
(Cost
$
885
)
..........................................
5,165
Warrants
Warrants
0.0%
†
Machinery
0.0%
†
a,b
UTEX
Industries,
Inc.
,
2/20/49
..........................
United
States
791
75
Total
Warrants
(Cost
$
699
)
.................................................
75
Principal
Amount
*
Corporate
Bonds
45.4%
Aerospace
&
Defense
0.9%
d
BAE
Systems
plc
,
Senior
Note
,
144A,
5
%
,
3/26/27
..........
United
Kingdom
3,300,000
3,316,968
Boeing
Co.
(The)
,
Senior
Note
,
2.196
%
,
2/04/26
............
United
States
10,400,000
9,900,786
General
Dynamics
Corp.
,
Senior
Note
,
3.25
%
,
4/01/25
.......
United
States
4,000,000
3,950,157
L3Harris
Technologies,
Inc.
,
Senior
Note
,
5.05
%
,
6/01/29
.....
United
States
850,000
860,040
18,027,951
Air
Freight
&
Logistics
0.1%
d
DAE
Funding
LLC
,
Senior
Note
,
144A,
1.55
%
,
8/01/24
.......
United
Arab
Emirates
1,700,000
1,700,000
Automobile
Components
0.1%
d
Allison
Transmission,
Inc.
,
Senior
Bond
,
144A,
4.75
%
,
10/01/27
United
States
2,200,000
2,149,318
Automobiles
0.9%
d
Hyundai
Capital
America
,
Senior
Note
,
144A,
5.25
%
,
1/08/27
..
United
States
4,000,000
4,025,187
d
Mercedes-Benz
Finance
North
America
LLC
,
Senior
Note
,
144A,
4.95
%
,
3/30/25
...................................
Germany
7,100,000
7,086,809
d
Volkswagen
Group
of
America
Finance
LLC
,
Senior
Note
,
144A,
5.4
%
,
3/20/26
....................................
Germany
6,700,000
6,736,542
17,848,538
Banks
11.7%
d
ABN
AMRO
Bank
NV
,
Senior
Non-Preferred
Note
,
144A,
6.339%
to
9/17/26,
FRN
thereafter
,
9/18/27
.....................
Netherlands
1,800,000
1,842,395
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Banks
(continued)
Bank
of
America
Corp.
,
Senior
Note
,
2.015%
to
2/12/25,
FRN
thereafter
,
2/13/26
....
United
States
3,500,000
$
3,436,981
Senior
Note
,
3.384%
to
4/01/25,
FRN
thereafter
,
4/02/26
....
United
States
8,300,000
8,189,989
Senior
Note
,
4.376%
to
4/26/27,
FRN
thereafter
,
4/27/28
....
United
States
8,000,000
7,901,290
Bank
of
Montreal
,
H
,
Senior
Note
,
4.25
%
,
9/14/24
...........
Canada
9,850,000
9,830,746
Bank
of
Nova
Scotia
(The)
,
Senior
Note
,
2.951
%
,
3/11/27
.....
Canada
7,000,000
6,694,143
d
BNP
Paribas
SA
,
Senior
Non-Preferred
Note
,
144A,
2.819%
to
11/18/24,
FRN
thereafter
,
11/19/25
.....................
France
5,700,000
5,651,146
d
BPCE
SA
,
Senior
Non-Preferred
Note
,
144A,
2.375
%
,
1/14/25
.
France
7,000,000
6,901,023
Citigroup,
Inc.
,
Senior
Note
,
3.29%
to
3/16/25,
FRN
thereafter
,
3/17/26
.....
United
States
8,200,000
8,087,419
Senior
Note
,
3.106%
to
4/07/25,
FRN
thereafter
,
4/08/26
....
United
States
6,500,000
6,397,172
Senior
Note
,
5.174%
to
2/12/29,
FRN
thereafter
,
2/13/30
....
United
States
4,100,000
4,146,118
Sub.
Bond
,
4.6
%
,
3/09/26
...........................
United
States
2,600,000
2,582,055
d
Danske
Bank
A/S
,
Senior
Non-Preferred
Note
,
144A,
5.705%
to
2/28/29,
FRN
thereafter
,
3/01/30
......................
Denmark
5,300,000
5,422,780
HSBC
Holdings
plc
,
Senior
Note
,
4.18%
to
12/08/24,
FRN
thereafter
,
12/09/25
...
United
Kingdom
6,000,000
5,971,247
Senior
Note
,
2.013%
to
9/21/27,
FRN
thereafter
,
9/22/28
....
United
Kingdom
7,600,000
6,944,655
Huntington
National
Bank
(The)
,
Senior
Note
,
5.699%
to
11/17/24,
FRN
thereafter
,
11/18/25
............................
United
States
5,700,000
5,699,002
d
Intesa
Sanpaolo
SpA
,
Senior
Preferred
Bond
,
144A,
4
%
,
9/23/29
Italy
5,700,000
5,375,850
JPMorgan
Chase
&
Co.
,
Senior
Note
,
2.083%
to
4/21/25,
FRN
thereafter
,
4/22/26
....
United
States
18,200,000
17,783,401
Senior
Note
,
5.012%
to
1/22/29,
FRN
thereafter
,
1/23/30
....
United
States
3,600,000
3,630,609
Sub.
Bond
,
3.875
%
,
9/10/24
.........................
United
States
8,400,000
8,385,348
KeyBank
NA
,
Senior
Note
,
4.15
%
,
8/08/25
................
United
States
5,400,000
5,331,265
Manufacturers
&
Traders
Trust
Co.
,
Senior
Note
,
5.4
%
,
11/21/25
United
States
7,900,000
7,937,667
Mitsubishi
UFJ
Financial
Group,
Inc.
,
Senior
Note
,
5.063%
to
9/11/24,
FRN
thereafter
,
9/12/25
....
Japan
10,700,000
10,691,933
e
Senior
Note
,
FRN
,
5.719
%
,
(
1-year
CMT
T-Note
+
1.08
%
),
2/20/26
.........................................
Japan
1,000,000
1,002,170
Mizuho
Financial
Group,
Inc.
,
Senior
Note
,
5.778%
to
7/05/28,
FRN
thereafter
,
7/06/29
.............................
Japan
4,500,000
4,632,467
d
Nordea
Bank
Abp
,
Senior
Preferred
Note
,
144A,
4.75
%
,
9/22/25
Finland
3,800,000
3,793,477
PNC
Financial
Services
Group,
Inc.
(The)
,
Senior
Note
,
5.3%
to
1/20/27,
FRN
thereafter
,
1/21/28
......................
United
States
2,000,000
2,018,654
Santander
UK
Group
Holdings
plc
,
Senior
Note
,
1.673%
to
6/23/26,
FRN
thereafter
,
6/14/27
......................
United
Kingdom
5,900,000
5,526,010
d
Shinhan
Bank
Co.
Ltd.
,
Senior
Note
,
144A,
1.375
%
,
10/21/26
..
South
Korea
6,500,000
6,042,249
d
Societe
Generale
SA
,
Senior
Non-Preferred
Note
,
144A,
2.226%
to
1/20/25,
FRN
thereafter
,
1/21/26
.................................
France
6,600,000
6,491,499
Senior
Non-Preferred
Note
,
144A,
1.792%
to
6/08/26,
FRN
thereafter
,
6/09/27
.................................
France
3,900,000
3,644,884
Toronto-Dominion
Bank
(The)
,
Senior
Note
,
4.285
%
,
9/13/24
...
Canada
13,900,000
13,877,218
Truist
Financial
Corp.
,
Senior
Note
,
5.9%
to
10/27/25,
FRN
thereafter
,
10/28/26
....
United
States
6,800,000
6,854,492
Senior
Note
,
5.435%
to
1/23/29,
FRN
thereafter
,
1/24/30
....
United
States
3,400,000
3,453,235
Wells
Fargo
&
Co.
,
Senior
Note
,
2.188%
to
4/29/25,
FRN
thereafter
,
4/30/26
....
United
States
13,400,000
13,085,331
Senior
Note
,
6.303%
to
10/22/28,
FRN
thereafter
,
10/23/29
..
United
States
4,000,000
4,212,591
Senior
Note
,
5.198%
to
1/22/29,
FRN
thereafter
,
1/23/30
....
United
States
2,550,000
2,581,613
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Banks
(continued)
Wells
Fargo
&
Co.,
(continued)
Sub.
Bond
,
4.1
%
,
6/03/26
...........................
United
States
3,000,000
$
2,952,899
235,003,023
Beverages
0.2%
d
Coca-Cola
Europacific
Partners
plc
,
Senior
Note
,
144A,
1.5
%
,
1/15/27
.........................................
United
Kingdom
4,400,000
4,071,695
Biotechnology
0.6%
AbbVie,
Inc.
,
Senior
Bond
,
3.6
%
,
5/14/25
..........................
United
States
810,000
799,972
Senior
Note
,
3.8
%
,
3/15/25
..........................
United
States
600,000
594,363
Senior
Note
,
2.95
%
,
11/21/26
........................
United
States
500,000
482,551
Amgen,
Inc.
,
Senior
Note
,
5.15
%
,
3/02/28
.................
United
States
10,200,000
10,342,209
12,219,095
Broadline
Retail
0.0%
a
,d
,f
,g
K2016470219
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
3
%
,
12/31/22
.....................................
South
Africa
1,068,278
—
a
,d
,f
,g
K2016470260
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
25
%
,
12/31/22
....................................
South
Africa
470,581
—
—
Building
Products
0.4%
Carrier
Global
Corp.
,
Senior
Note
,
2.493
%
,
2/15/27
..........
United
States
5,000,000
4,746,406
Owens
Corning
,
Senior
Note
,
5.5
%
,
6/15/27
...............
United
States
3,500,000
3,568,938
8,315,344
Capital
Markets
3.7%
Bank
of
New
York
Mellon
(The)
,
Senior
Note
,
5.224%
to
11/20/24,
FRN
thereafter
,
11/21/25
............................
United
States
7,900,000
7,898,557
Deutsche
Bank
AG
,
Senior
Preferred
Note
,
4.162
%
,
5/13/25
...
Germany
6,600,000
6,549,639
Goldman
Sachs
Bank
USA
,
Senior
Note
,
5.283%
to
3/17/26,
FRN
thereafter
,
3/18/27
.................................
United
States
6,800,000
6,828,859
Goldman
Sachs
Group,
Inc.
(The)
,
Senior
Bond
,
3.75
%
,
2/25/26
.........................
United
States
6,500,000
6,391,199
Senior
Note
,
5.7
%
,
11/01/24
.........................
United
States
5,400,000
5,401,785
Senior
Note
,
4.387%
to
6/14/26,
FRN
thereafter
,
6/15/27
....
United
States
2,700,000
2,666,673
Senior
Note
,
2.64%
to
2/23/27,
FRN
thereafter
,
2/24/28
.....
United
States
5,500,000
5,193,241
Morgan
Stanley
,
Senior
Bond
,
3.7
%
,
10/23/24
.........................
United
States
1,400,000
1,393,987
Senior
Note
,
2.188%
to
4/27/25,
FRN
thereafter
,
4/28/26
....
United
States
3,800,000
3,711,201
Senior
Note
,
5.173%
to
1/15/29,
FRN
thereafter
,
1/16/30
....
United
States
5,500,000
5,566,353
Sub.
Bond
,
4.35
%
,
9/08/26
..........................
United
States
7,800,000
7,707,320
d
Prologis
Targeted
US
Logistics
Fund
LP
,
Senior
Note
,
144A,
5.25
%
,
4/01/29
...................................
United
States
1,800,000
1,829,766
UBS
Group
AG
,
Senior
Note
,
4.55
%
,
4/17/26
.........................
Switzerland
5,100,000
5,057,742
d
Senior
Note
,
144A,
6.373%
to
7/14/25,
FRN
thereafter
,
7/15/26
Switzerland
500,000
504,487
d
Senior
Note
,
144A,
5.711%
to
1/11/26,
FRN
thereafter
,
1/12/27
Switzerland
6,500,000
6,543,787
73,244,596
Chemicals
0.2%
d
Rain
Carbon,
Inc.
,
Senior
Secured
Note
,
144A,
12.25
%
,
9/01/29
United
States
3,200,000
3,462,806
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Commercial
Services
&
Supplies
0.3%
Republic
Services,
Inc.
,
Senior
Note
,
4.875
%
,
4/01/29
........
United
States
4,000,000
$
4,042,779
d
Stericycle,
Inc.
,
Senior
Note
,
144A,
3.875
%
,
1/15/29
.........
United
States
2,500,000
2,378,982
6,421,761
Communications
Equipment
0.0%
†
d
CommScope
Technologies
LLC
,
Senior
Note
,
144A,
6
%
,
6/15/25
United
States
900,000
846,000
Consumer
Finance
1.4%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
,
Senior
Note
,
6.1
%
,
1/15/27
..........................
Ireland
2,200,000
2,253,929
Senior
Note
,
3
%
,
10/29/28
..........................
Ireland
3,000,000
2,776,940
American
Express
Co.
,
Senior
Note
,
5.645%
to
4/22/26,
FRN
thereafter
,
4/23/27
.................................
United
States
6,700,000
6,777,164
Capital
One
Financial
Corp.
,
Senior
Bond
,
3.8
%
,
1/31/28
......
United
States
7,000,000
6,753,030
Caterpillar
Financial
Services
Corp.
,
Senior
Note
,
1.45
%
,
5/15/25
United
States
1,100,000
1,069,969
Ford
Motor
Credit
Co.
LLC
,
Senior
Note
,
5.85
%
,
5/17/27
......
United
States
3,400,000
3,436,616
Toyota
Motor
Credit
Corp.
,
B
,
Senior
Note
,
5
%
,
3/19/27
.......
United
States
5,100,000
5,159,932
28,227,580
Consumer
Staples
Distribution
&
Retail
0.4%
d
Albertsons
Cos.,
Inc.
/
Safeway,
Inc.
/
New
Albertsons
LP
/
Albertsons
LLC
,
Senior
Note
,
144A,
5.875
%
,
2/15/28
.......
United
States
600,000
595,585
d
Cencosud
SA
,
Senior
Bond
,
144A,
4.375
%
,
7/17/27
.........
Chile
2,900,000
2,798,449
Sysco
Corp.
,
Senior
Note
,
5.75
%
,
1/17/29
.................
United
States
3,900,000
4,059,920
7,453,954
Containers
&
Packaging
0.1%
d
Ardagh
Packaging
Finance
plc
/
Ardagh
Holdings
USA,
Inc.
,
Senior
Note
,
144A,
5.25
%
,
8/15/27
.....................
United
States
3,200,000
1,860,320
Diversified
Consumer
Services
0.1%
Grand
Canyon
University
,
Secured
Note
,
4.125
%
,
10/01/24
....
United
States
1,900,000
1,883,999
Diversified
REITs
0.2%
d
VICI
Properties
LP
/
VICI
Note
Co.,
Inc.
,
Senior
Note
,
144A,
3.75
%
,
2/15/27
...................................
United
States
4,200,000
4,040,967
Diversified
Telecommunication
Services
1.1%
AT&T,
Inc.
,
Senior
Note
,
1.65
%
,
2/01/28
..................
United
States
7,000,000
6,322,156
Verizon
Communications,
Inc.
,
Senior
Note
,
1.45
%
,
3/20/26
...
United
States
15,700,000
14,925,843
21,247,999
Electric
Utilities
2.3%
Exelon
Corp.
,
Senior
Bond
,
3.4
%
,
4/15/26
.................
United
States
7,000,000
6,839,871
Florida
Power
&
Light
Co.
,
Senior
Note
,
4.4
%
,
5/15/28
.......
United
States
3,150,000
3,137,909
d
Korea
East-West
Power
Co.
Ltd.
,
Senior
Note
,
144A,
1.75
%
,
5/06/25
....................
South
Korea
8,500,000
8,292,927
Senior
Note
,
144A,
3.6
%
,
5/06/25
.....................
South
Korea
4,700,000
4,647,281
NextEra
Energy
Capital
Holdings,
Inc.
,
Senior
Note
,
6.051
%
,
3/01/25
........................
United
States
2,700,000
2,711,519
Senior
Note
,
5.749
%
,
9/01/25
........................
United
States
5,800,000
5,841,652
Southern
Co.
(The)
,
Senior
Bond
,
3.25
%
,
7/01/26
.........................
United
States
6,850,000
6,663,795
Senior
Note
,
5.5
%
,
3/15/29
..........................
United
States
5,400,000
5,573,394
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Electric
Utilities
(continued)
d
Vistra
Operations
Co.
LLC
,
Senior
Note
,
144A,
4.375
%
,
5/01/29
United
States
3,400,000
$
3,210,739
46,919,087
Energy
Equipment
&
Services
0.1%
d
Schlumberger
Holdings
Corp.
,
Senior
Note
,
144A,
5
%
,
5/29/27
.
United
States
1,660,000
1,672,639
Entertainment
1.0%
d
Banijay
Entertainment
SAS
,
Senior
Secured
Note
,
144A,
8.125
%
,
5/01/29
.........................................
France
2,569,773
2,663,127
Netflix,
Inc.
,
Senior
Bond
,
4.375
%
,
11/15/26
.......................
United
States
3,100,000
3,082,012
d
Senior
Note
,
144A,
3.625
%
,
6/15/25
...................
United
States
3,100,000
3,058,354
Walt
Disney
Co.
(The)
,
Senior
Note
,
1.75
%
,
1/13/26
.........
United
States
6,600,000
6,323,435
Warnermedia
Holdings,
Inc.
,
Senior
Note
,
3.755
%
,
3/15/27
....
United
States
5,000,000
4,763,780
19,890,708
Financial
Services
0.7%
a
,e
,g
Cia
Securitizadora
de
Creditos
Financeiros
Vert-Fintech
,
12
,
Senior
Secured
Note
,
FRN
,
14.9
%
,
(
BZDIOVRA
+
5.75
%
),
2/14/24
.........................................
Brazil
7,676,000
BRL
—
d
EDP
Finance
BV
,
Senior
Note
,
144A,
1.71
%
,
1/24/28
........
Portugal
6,500,000
5,869,731
Fiserv,
Inc.
,
Senior
Note
,
2.25
%
,
6/01/27
..................
United
States
5,200,000
4,864,512
d
GGAM
Finance
Ltd.
,
Senior
Note
,
144A,
8
%
,
6/15/28
........
Ireland
1,500,000
1,588,459
d
Jefferson
Capital
Holdings
LLC
,
Senior
Note
,
144A,
9.5
%
,
2/15/29
United
States
1,600,000
1,680,226
14,002,928
Food
Products
0.7%
Campbell
Soup
Co.
,
Senior
Note
,
5.2
%
,
3/19/27
............
United
States
3,300,000
3,348,737
Hershey
Co.
(The)
,
Senior
Note
,
4.25
%
,
5/04/28
............
United
States
2,800,000
2,792,604
JBS
USA
Holding
Lux
SARL
/
JBS
USA
Food
Co.
/
JBS
Lux
Co.
SARL
,
Senior
Note
,
2.5
%
,
1/15/27
..........................
United
States
2,800,000
2,629,547
Senior
Note
,
5.125
%
,
2/01/28
........................
United
States
4,300,000
4,295,272
Senior
Note
,
3
%
,
2/02/29
...........................
United
States
900,000
815,740
13,881,900
Ground
Transportation
0.2%
d
Penske
Truck
Leasing
Co.
LP
/
PTL
Finance
Corp.
,
Senior
Note
,
144A,
5.35
%
,
3/30/29
...............................
United
States
4,000,000
4,066,183
Health
Care
Equipment
&
Supplies
0.4%
Edwards
Lifesciences
Corp.
,
Senior
Bond
,
4.3
%
,
6/15/28
.....
United
States
300,000
294,030
GE
HealthCare
Technologies,
Inc.
,
Senior
Note
,
5.55
%
,
11/15/24
........................
United
States
2,800,000
2,799,036
Senior
Note
,
5.65
%
,
11/15/27
........................
United
States
5,000,000
5,126,364
8,219,430
Health
Care
Providers
&
Services
1.3%
Centene
Corp.
,
Senior
Note
,
3.375
%
,
2/15/30
..............
United
States
2,700,000
2,435,550
d
CHS/Community
Health
Systems,
Inc.
,
Senior
Secured
Note
,
144A,
6
%
,
1/15/29
.................................
United
States
3,200,000
2,973,579
Cigna
Group
(The)
,
Senior
Note
,
1.25
%
,
3/15/26
............
United
States
3,451,000
3,258,800
CVS
Health
Corp.
,
Senior
Note
,
5
%
,
1/30/29
...............
United
States
4,700,000
4,732,655
Elevance
Health,
Inc.
,
Senior
Bond
,
4.101
%
,
3/01/28
.........
United
States
4,000,000
3,924,165
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Health
Care
Providers
&
Services
(continued)
Icon
Investments
Six
DAC
,
Senior
Secured
Note
,
5.809
%
,
5/08/27
.........................................
United
States
4,700,000
$
4,795,498
d
Kedrion
SpA
,
Senior
Secured
Note
,
144A,
6.5
%
,
9/01/29
......
Italy
700,000
648,457
Providence
St
Joseph
Health
Obligated
Group
,
H
,
2.746
%
,
10/01/26
........................................
United
States
15,000
14,275
Quest
Diagnostics,
Inc.
,
Senior
Bond
,
3.45
%
,
6/01/26
........
United
States
4,150,000
4,047,305
26,830,284
Health
Care
REITs
0.2%
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp.
,
Senior
Bond
,
5
%
,
10/15/27
................................
United
States
4,000,000
3,282,957
Health
Care
Technology
0.2%
IQVIA,
Inc.
,
Senior
Secured
Note
,
6.25
%
,
2/01/29
...........
United
States
3,300,000
3,450,216
Hotel
&
Resort
REITs
0.1%
d
RHP
Hotel
Properties
LP
/
RHP
Finance
Corp.
,
Senior
Note
,
144A,
4.5
%
,
2/15/29
...............................
United
States
1,200,000
1,137,808
Hotels,
Restaurants
&
Leisure
0.5%
d
Caesars
Entertainment,
Inc.
,
Senior
Note
,
144A,
4.625
%
,
10/15/29
........................................
United
States
3,400,000
3,160,948
Marriott
International,
Inc.
,
Senior
Note
,
4.875
%
,
5/15/29
......
United
States
2,175,000
2,188,956
Sands
China
Ltd.
,
Senior
Note
,
2.3
%
,
3/08/27
..............
Macau
3,400,000
3,123,739
d
Studio
City
Finance
Ltd.
,
Senior
Note
,
144A,
6
%
,
7/15/25
.....
Macau
1,392,000
1,388,980
9,862,623
Household
Durables
0.2%
Toll
Brothers
Finance
Corp.
,
Senior
Bond
,
4.35
%
,
2/15/28
.....
United
States
4,200,000
4,113,928
Industrial
REITs
0.4%
Prologis
LP
,
Senior
Note
,
4.875
%
,
6/15/28
.................
United
States
7,800,000
7,879,782
Insurance
4.9%
d
Acrisure
LLC
/
Acrisure
Finance,
Inc.
,
Senior
Note
,
144A,
8.5
%
,
6/15/29
.........................................
United
States
900,000
925,811
d
AEGON
Funding
Co.
LLC
,
Senior
Note
,
144A,
5.5
%
,
4/16/27
..
Netherlands
7,000,000
7,030,916
d
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
,
Senior
Note
,
144A,
5.875
%
,
11/01/29
..................
United
States
1,200,000
1,149,986
Senior
Secured
Note
,
144A,
6.75
%
,
4/15/28
.............
United
States
2,000,000
2,011,174
d
Athene
Global
Funding
,
Senior
Secured
Note
,
144A,
5.516
%
,
3/25/27
.........................................
United
States
7,000,000
7,091,363
d
Corebridge
Global
Funding
,
Secured
Note
,
144A,
5.9
%
,
9/19/28
United
States
4,700,000
4,871,738
F&G
Annuities
&
Life,
Inc.
,
Senior
Note
,
6.5
%
,
6/04/29
.......
United
States
850,000
863,790
d
F&G
Global
Funding
,
Secured
Note
,
144A,
5.875
%
,
6/10/27
...
United
States
5,800,000
5,860,684
d
GA
Global
Funding
Trust
,
Secured
Note
,
144A,
3.85
%
,
4/11/25
.
United
States
11,300,000
11,169,871
d
MassMutual
Global
Funding
II
,
Secured
Note
,
144A,
5.1
%
,
4/09/27
.........................................
United
States
4,550,000
4,615,485
d
Metropolitan
Life
Global
Funding
I
,
Secured
Note
,
144A,
4.05
%
,
8/25/25
...................
United
States
7,000,000
6,929,480
Secured
Note
,
144A,
5.05
%
,
1/06/28
...................
United
States
4,100,000
4,167,472
d
Mutual
of
Omaha
Cos.
Global
Funding
,
Secured
Note
,
144A,
5.35
%
,
4/09/27
...................................
United
States
6,700,000
6,765,526
d
New
York
Life
Global
Funding
,
Secured
Note
,
144A,
3.6
%
,
8/05/25
....................
United
States
10,700,000
10,550,525
Senior
Secured
Note
,
144A,
4.9
%
,
4/02/27
..............
United
States
6,700,000
6,757,312
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Insurance
(continued)
d
Northwestern
Mutual
Global
Funding
,
Secured
Note
,
144A,
4.9
%
,
6/12/28
.........................................
United
States
5,000,000
$
5,046,445
d
Pricoa
Global
Funding
I
,
Secured
Note
,
144A,
5.1
%
,
5/30/28
...
United
States
5,300,000
5,405,916
d
Protective
Life
Global
Funding
,
Secured
Note
,
144A,
3.218
%
,
3/28/25
.........................................
United
States
4,000,000
3,941,599
d
RGA
Global
Funding
,
Secured
Note
,
144A,
5.448
%
,
5/24/29
...
United
States
2,100,000
2,150,970
97,306,063
Interactive
Media
&
Services
0.6%
Meta
Platforms,
Inc.
,
Senior
Note
,
4.6
%
,
5/15/28
............
United
States
9,800,000
9,895,229
d
Tencent
Holdings
Ltd.
,
Senior
Note
,
144A,
1.81
%
,
1/26/26
.....
China
3,000,000
2,873,664
12,768,893
Life
Sciences
Tools
&
Services
0.2%
Bio-Rad
Laboratories,
Inc.
,
Senior
Note
,
3.3
%
,
3/15/27
.......
United
States
900,000
862,749
Illumina,
Inc.
,
Senior
Note
,
5.8
%
,
12/12/25
................
United
States
4,000,000
4,028,506
4,891,255
Machinery
0.1%
d
Esab
Corp.
,
Senior
Note
,
144A,
6.25
%
,
4/15/29
.............
United
States
500,000
507,692
Hillenbrand,
Inc.
,
Senior
Note
,
6.25
%
,
2/15/29
..............
United
States
1,100,000
1,115,028
1,622,720
Media
0.5%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
,
Senior
Secured
Note
,
4.908
%
,
7/23/25
...................................
United
States
1,844,000
1,832,067
Comcast
Corp.
,
Senior
Note
,
4.55
%
,
1/15/29
...............
United
States
6,400,000
6,404,641
Fox
Corp.
,
Senior
Note
,
3.05
%
,
4/07/25
...................
United
States
2,000,000
1,968,812
10,205,520
Metals
&
Mining
0.0%
†
d
Novelis
Corp.
,
Senior
Note
,
144A,
3.25
%
,
11/15/26
..........
United
States
1,000,000
952,479
Multi-Utilities
0.6%
Dominion
Energy,
Inc.
,
D
,
Senior
Bond
,
2.85
%
,
8/15/26
.......
United
States
1,300,000
1,248,991
DTE
Energy
Co.
,
Senior
Note
,
4.95
%
,
7/01/27
.........................
United
States
2,200,000
2,208,617
Senior
Note
,
4.875
%
,
6/01/28
........................
United
States
5,000,000
5,003,033
d
Engie
SA
,
Senior
Note
,
144A,
5.25
%
,
4/10/29
..............
France
4,000,000
4,058,992
12,519,633
Oil,
Gas
&
Consumable
Fuels
2.4%
d
Aker
BP
ASA
,
Senior
Note
,
144A,
2
%
,
7/15/26
.............
Norway
3,296,000
3,108,459
BP
Capital
Markets
America,
Inc.
,
Senior
Note
,
3.41
%
,
2/11/26
.
United
States
7,000,000
6,863,181
Chevron
Corp.
,
Senior
Note
,
1.554
%
,
5/11/25
..............
United
States
4,500,000
4,383,252
d
CITGO
Petroleum
Corp.
,
Senior
Secured
Note
,
144A,
6.375
%
,
6/15/26
.........................................
United
States
3,400,000
3,404,284
d
Endeavor
Energy
Resources
LP
/
EER
Finance,
Inc.
,
Senior
Bond
,
144A,
5.75
%
,
1/30/28
..........................
United
States
2,000,000
2,019,970
Energy
Transfer
LP
,
Senior
Bond
,
4.75
%
,
1/15/26
...........
United
States
5,200,000
5,180,605
EnLink
Midstream
Partners
LP
,
Senior
Bond
,
4.85
%
,
7/15/26
...
United
States
3,900,000
3,856,092
d
Hess
Midstream
Operations
LP
,
Senior
Note
,
144A,
6.5
%
,
6/01/29
United
States
400,000
408,084
MPLX
LP
,
Senior
Note
,
4.875
%
,
12/01/24
.................
United
States
6,800,000
6,781,779
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Oil,
Gas
&
Consumable
Fuels
(continued)
Sabine
Pass
Liquefaction
LLC
,
Senior
Secured
Note
,
5.625
%
,
3/01/25
.........................................
United
States
796,000
$
795,509
d
Sunoco
LP
,
Senior
Note
,
144A,
7
%
,
5/01/29
...............
United
States
2,000,000
2,059,904
d
Var
Energi
ASA
,
Senior
Note
,
144A,
7.5
%
,
1/15/28
..........
Norway
4,000,000
4,242,101
d
Venture
Global
LNG,
Inc.
,
Senior
Secured
Note
,
144A,
8.125
%
,
6/01/28
.........................................
United
States
2,000,000
2,084,125
Williams
Cos.,
Inc.
(The)
,
Senior
Bond
,
4
%
,
9/15/25
.........
United
States
2,300,000
2,271,757
47,459,102
Passenger
Airlines
0.2%
d
American
Airlines,
Inc.
/
AAdvantage
Loyalty
IP
Ltd.
,
Senior
Secured
Note
,
144A,
5.5
%
,
4/20/26
....................
United
States
758,333
753,916
d
Delta
Air
Lines,
Inc.
/
SkyMiles
IP
Ltd.
,
Senior
Secured
Note
,
144A,
4.5
%
,
10/20/25
...............................
United
States
1,918,750
1,909,673
d
United
Airlines,
Inc.
,
Senior
Secured
Note
,
144A,
4.375
%
,
4/15/26
United
States
526,364
513,572
3,177,161
Personal
Care
Products
0.9%
Estee
Lauder
Cos.,
Inc.
(The)
,
Senior
Note
,
4.375
%
,
5/15/28
...
United
States
3,100,000
3,080,763
Haleon
US
Capital
LLC
,
Senior
Note
,
3.375
%
,
3/24/27
.......
United
States
7,700,000
7,448,505
Kenvue,
Inc.
,
Senior
Note
,
5.05
%
,
3/22/28
.................
United
States
7,500,000
7,644,155
18,173,423
Pharmaceuticals
1.5%
AstraZeneca
plc
,
Senior
Note
,
0.7
%
,
4/08/26
...............
United
Kingdom
6,300,000
5,903,871
d
Bayer
US
Finance
II
LLC
,
Senior
Note
,
144A,
4.25
%
,
12/15/25
.
Germany
4,600,000
4,531,482
Pfizer
Investment
Enterprises
Pte.
Ltd.
,
Senior
Note
,
4.45
%
,
5/19/28
.........................................
United
States
8,800,000
8,780,531
Royalty
Pharma
plc
,
Senior
Note
,
1.75
%
,
9/02/27
.........................
United
States
700,000
638,425
Senior
Note
,
5.15
%
,
9/02/29
.........................
United
States
3,750,000
3,776,686
Teva
Pharmaceutical
Finance
Netherlands
III
BV
,
Senior
Note
,
4.75
%
,
5/09/27
...................................
Israel
2,800,000
2,716,991
Viatris,
Inc.
,
Senior
Note
,
1.65
%
,
6/22/25
..................
United
States
3,900,000
3,772,648
30,120,634
Semiconductors
&
Semiconductor
Equipment
0.5%
Analog
Devices,
Inc.
,
Senior
Note
,
3.45
%
,
6/15/27
..........
United
States
800,000
778,932
d
SK
Hynix,
Inc.
,
Senior
Note
,
144A,
1.5
%
,
1/19/26
...........
South
Korea
9,900,000
9,396,084
10,175,016
Specialized
REITs
0.1%
Public
Storage
Operating
Co.
,
Senior
Note
,
5.125
%
,
1/15/29
...
United
States
1,300,000
1,332,191
Specialty
Retail
0.2%
O'Reilly
Automotive,
Inc.
,
Senior
Note
,
5.75
%
,
11/20/26
.......
United
States
5,000,000
5,099,198
Technology
Hardware,
Storage
&
Peripherals
0.3%
Hewlett
Packard
Enterprise
Co.
,
Senior
Note
,
5.9
%
,
10/01/24
..
United
States
5,690,000
5,690,905
Textiles,
Apparel
&
Luxury
Goods
0.4%
d
Hanesbrands,
Inc.
,
Senior
Bond
,
144A,
4.875
%
,
5/15/26
......
United
States
2,000,000
1,960,873
Tapestry,
Inc.
,
Senior
Note
,
7.05
%
,
11/27/25
........................
United
States
1,400,000
1,428,814
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Textiles,
Apparel
&
Luxury
Goods
(continued)
Tapestry,
Inc.,
(continued)
Senior
Note
,
7
%
,
11/27/26
...........................
United
States
4,000,000
$
4,136,480
7,526,167
Tobacco
0.6%
Altria
Group,
Inc.
,
Senior
Note
,
2.35
%
,
5/06/25
.............
United
States
4,200,000
4,104,400
d
Imperial
Brands
Finance
plc
,
Senior
Bond
,
144A,
4.25
%
,
7/21/25
United
Kingdom
566,000
558,997
Philip
Morris
International,
Inc.
,
Senior
Note
,
4.875
%
,
2/15/28
..
United
States
7,700,000
7,755,832
12,419,229
Trading
Companies
&
Distributors
0.3%
d
EquipmentShare.com,
Inc.
,
Secured
Note
,
144A,
9
%
,
5/15/28
..
United
States
3,200,000
3,297,832
d
WESCO
Distribution,
Inc.
,
Senior
Note
,
144A,
6.375
%
,
3/15/29
.
United
States
3,000,000
3,042,555
6,340,387
Wireless
Telecommunication
Services
0.4%
d
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
150,000
149,536
T-Mobile
USA,
Inc.
,
Senior
Note
,
2.25
%
,
2/15/26
.........................
United
States
2,900,000
2,780,434
Senior
Note
,
4.95
%
,
3/15/28
.........................
United
States
4,200,000
4,231,267
7,161,237
Total
Corporate
Bonds
(Cost
$
919,241,850
)
...................................
908,176,632
Senior
Floating
Rate
Interests
2.2%
Aerospace
&
Defense
0.1%
abc
abc
abc
abc
abc
abc
f
Alloy
Finco
Ltd.
,
First
Lien,
Term
Loan,
B
,
PIK,
14
%
,
3/08/28
...
United
Kingdom
1,578,284
1,538,827
h
Air
Freight
&
Logistics
0.1%
Clue
Opco
LLC
,
First
Lien,
CME
Term
Loan,
B
,
9.752
%
,
(
3-month
SOFR
+
4.5
%
),
12/19/30
............................
United
States
520,000
479,999
Rand
Parent
LLC
,
First
Lien,
CME
Term
Loan,
B
,
9.071
%
,
(
3-month
SOFR
+
3.75
%
),
3/18/30
.....................
United
States
692,748
692,222
1,172,221
a
a
a
a
a
a
h
Automobile
Components
0.1%
DexKo
Global,
Inc.
,
First
Lien,
Closing
Date
Dollar
CME
Term
Loan
,
9.346
%
,
(
3-month
SOFR
+
3.75
%
),
10/04/28
........
United
States
541,979
540,702
First
Brands
Group
LLC
,
First
Lien,
2021
CME
Term
Loan
,
10.514
%
,
(
3-month
SOFR
+
5
%
),
3/30/27
.....................................
United
States
676,049
672,774
Second
Lien,
2021
CME
Term
Loan
,
14.014
%
,
(
3-month
SOFR
+
8.5
%
),
3/30/28
..................................
United
States
565,911
543,274
abc
abc
abc
abc
abc
abc
Highline
Aftermarket
Acquisition
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
9.944
%
,
(
1-month
SOFR
+
4.5
%
),
11/09/27
.........
United
States
240,729
242,122
TI
Group
Automotive
Systems
LLC
,
First
Lien,
2021
Refinancing
CME
Term
Loan,
B
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
12/16/26
........................................
United
States
161,912
162,587
2,161,459
a
a
a
a
a
a
Automobiles
0.0%
†
h
American
Trailer
World
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
9.194
%
,
(
1-month
SOFR
+
3.75
%
),
3/03/28
..............
United
States
413,521
405,062
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
Beverages
0.0%
†
abc
abc
abc
abc
abc
h
Triton
Water
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.846
%
,
(
3-month
SOFR
+
3.25
%
),
3/31/28
..............
United
States
533,648
$
535,878
Broadline
Retail
0.0%
†
h
Peer
Holding
III
BV
,
First
Lien,
CME
Term
Loan,
B5
,
8.228
%
,
(
12-month
SOFR
+
3
%
),
6/20/31
......................
Netherlands
222,032
223,281
h
Building
Products
0.1%
AZZ,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
5/14/29
............................
United
States
339,317
342,357
EMRLD
Borrower
LP
,
First
Lien,
Initial
CME
Term
Loan,
B
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
5/31/30
....................................
United
States
170,759
171,037
First
Lien,
Term
Loan,
B
,
7.728
%
,
(
12-month
SOFR
+
2.5
%
),
6/18/31
.........................................
United
States
103,550
103,702
abc
abc
abc
abc
abc
abc
Quikrete
Holdings,
Inc.
,
First
Lien,
CME
Term
Loan,
B2
,
7.594
%
,
(
1-month
SOFR
+
2.25
%
),
3/19/29
.....................
United
States
223,899
224,765
Summit
Materials
LLC
,
First
Lien,
CME
Term
Loan,
B2
,
7.804
%
,
(
3-month
SOFR
+
2.5
%
),
1/12/29
......................
United
States
102,017
102,719
944,580
a
a
a
a
a
a
h
Capital
Markets
0.1%
AAL
Delaware
Holdco,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
8.847
%
,
(
12-month
SOFR
+
3.5
%
),
7/24/31
..............
United
States
112,554
113,398
AI
Aqua
Merger
Sub,
Inc.
,
First
Lien,
2023
Incremental
Delayed
Draw
Term
Loan,
B
,
9.591
%
,
(
1-month
SOFR
+
4.25
%
),
7/31/28
..............
United
States
89,602
89,866
First
Lien,
Initial
CME
Term
Loan,
B
,
8.843
%
,
(
1-month
SOFR
+
3.5
%
),
7/31/28
....................................
United
States
226,723
227,605
abc
abc
abc
abc
abc
abc
Citadel
Securities
LP
,
First
Lien,
CME
Term
Loan
,
7.594
%
,
(
1-month
SOFR
+
2.25
%
),
7/29/30
.....................
United
States
223,931
224,911
Edelman
Financial
Engines
Center
LLC
(The)
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
4/07/28
...................................
United
States
594,989
596,260
First
Eagle
Holdings,
Inc.
,
First
Lien,
CME
Term
Loan,
B2
,
8.33
%
,
(
3-month
SOFR
+
3
%
),
2/22/29
.......................
United
States
349,125
346,795
Jane
Street
Group
LLC
,
First
Lien,
2021
CME
Term
Loan
,
7.958
%
,
(
1-month
SOFR
+
2.5
%
),
1/26/28
...............
United
States
521,784
523,532
2,122,367
a
a
a
a
a
a
h
Chemicals
0.1%
Hexion
Holdings
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
9.977
%
,
(
3-month
SOFR
+
4.5
%
),
3/15/29
....................................
United
States
399,895
397,537
Second
Lien,
Initial
CME
Term
Loan
,
12.881
%
,
(
1-month
SOFR
+
7.438
%
),
3/15/30
................................
United
States
375,080
343,198
abc
abc
abc
abc
abc
abc
INEOS
US
Finance
LLC
,
First
Lien,
2030
Dollar
CME
Term
Loan
,
8.597
%
,
(
1-month
SOFR
+
3.25
%
),
2/18/30
..............
Luxembourg
442,982
441,718
INEOS
US
Petrochem
LLC
,
First
Lien,
New
CME
Term
Loan,
B1
,
9.694
%
,
(
1-month
SOFR
+
4.25
%
),
4/02/29
..............
United
States
221,586
221,863
LSF11
A5
Holdco
LLC
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
10/16/28
.........
United
States
346,811
347,895
Nouryon
Finance
BV
,
First
Lien,
2024
Dollar
CME
Term
Loan,
B2
,
8.821
%
,
(
3-month
SOFR
+
3.5
%
),
4/03/28
...............
Netherlands
274,251
276,138
PMHC
II,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.704
%
,
(
3-month
SOFR
+
4.25
%
),
4/23/29
.....................
United
States
578,338
566,693
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
h
Chemicals
(continued)
abc
abc
abc
abc
abc
abc
SCIH
Salt
Holdings,
Inc.
,
First
Lien,
Incremental
CME
Term
Loan,
B1
,
8.755
%
,
(
3-month
SOFR
+
3.5
%
),
3/16/27
............
United
States
222,879
$
223,905
2,818,947
a
a
a
a
a
a
h
Commercial
Services
&
Supplies
0.2%
Allied
Universal
Holdco
LLC
,
First
Lien,
Initial
US
Dollar
CME
Term
Loan
,
9.194
%
,
(
1-month
SOFR
+
3.75
%
),
5/12/28
.....
United
States
351,418
351,770
APX
Group,
Inc.
,
First
Lien,
Initial
Term
Loan
,
8.075
%
,
(
PRIME
+
1.75
%
),
7/07/28
...................................
United
States
282,389
283,249
CCI
Buyer,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.335
%
,
(
3-month
SOFR
+
4
%
),
12/17/27
......................
United
States
518,342
519,369
PG
Investment
Co.
59
SARL
,
First
Lien,
Initial
CME
Term
Loan
,
8.835
%
,
(
3-month
SOFR
+
3.5
%
),
2/24/31
...............
Luxembourg
176,395
177,828
Pitney
Bowes,
Inc.
,
First
Lien,
Refinancing
CME
Term
Loan,
B
,
9.458
%
,
(
1-month
SOFR
+
4
%
),
3/17/28
................
United
States
1,195,920
1,198,413
Spin
Holdco,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.6
%
,
(
3-month
SOFR
+
4
%
),
3/06/28
.......................
United
States
575,597
476,128
3,006,757
a
a
a
a
a
a
Communications
Equipment
0.0%
†
h
CommScope,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
4/06/26
.....................
United
States
242,472
227,697
Construction
&
Engineering
0.0%
†
h
Chromalloy
Corp.
,
First
Lien,
CME
Term
Loan
,
9.082
%
,
(
3-month
SOFR
+
3.75
%
),
3/27/31
............................
United
States
260,000
256,465
h
Consumer
Finance
0.0%
†
Neon
Maple
US
Debt
Mergersub,
Inc.
,
First
Lien,
CME
Term
Loan
,
8.153
%
,
(
12-month
SOFR
+
3
%
),
7/18/31
...........
United
States
336,933
336,301
Nuvei
Technologies
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
8.444
%
,
(
1-month
SOFR
+
3
%
),
12/19/30
................
Canada
149,226
149,912
486,213
a
a
a
a
a
a
h
Containers
&
Packaging
0.1%
Berlin
Packaging
LLC
,
First
Lien,
2024
Replacement
CME
Term
Loan
,
9.157
%
,
(
3-month
SOFR
+
3.75
%
),
5/09/31
.........
United
States
520,000
522,694
Charter
Next
Generation,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
8.597
%
,
(
1-month
SOFR
+
3.25
%
),
12/01/27
.............
United
States
221,740
223,011
Klockner
Pentaplast
of
America,
Inc.
,
First
Lien,
USD
CME
Term
Loan,
B
,
10.267
%
,
(
6-month
SOFR
+
4.725
%
),
2/09/26
.....
Luxembourg
772,700
728,849
Pactiv
Evergreen
Group
Holdings,
Inc.
,
First
Lien,
Term
Loan,
B4
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
9/25/28
...............
United
States
155,420
155,922
1,630,476
a
a
a
a
a
a
Distributors
0.0%
†
h
Core
&
Main
LP
,
First
Lien,
CME
Term
Loan,
D
,
7.339
%
,
(
3-month
SOFR
+
2
%
),
7/27/28
...............................
United
States
370,954
372,035
Diversified
Consumer
Services
0.0%
†
h
WW
International,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
4/13/28
......................
United
States
339,546
129,771
Diversified
Telecommunication
Services
0.0%
†
h
Altice
France
SA
,
First
Lien,
CME
Term
Loan,
B14
,
10.801
%
,
(
3-month
SOFR
+
5.5
%
),
8/15/28
......................
France
138,792
106,315
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
Electrical
Equipment
0.0%
†
abc
abc
abc
abc
abc
h
Indicor
LLC
,
First
Lien,
Term
Loan,
C
,
8.585
%
,
(
3-month
SOFR
+
3.25
%
),
11/22/29
..................................
United
States
191,792
$
192,372
h
Entertainment
0.0%
†
Banijay
Group
US
Holding,
Inc.
,
First
Lien,
USD
CME
Term
Loan,
B
,
8.587
%
,
(
1-month
SOFR
+
3.25
%
),
3/01/28
............
France
153,544
154,192
Playtika
Holding
Corp.
,
First
Lien,
CME
Term
Loan,
B1
,
8.208
%
,
(
1-month
SOFR
+
2.75
%
),
3/13/28
.....................
United
States
230,674
231,383
385,575
a
a
a
a
a
a
h
Food
Products
0.0%
†
Fiesta
Purchaser,
Inc.
,
First
Lien,
CME
Term
Loan
,
9.344
%
,
(
1-month
SOFR
+
4
%
),
2/12/31
.......................
United
States
145,033
146,113
Primary
Products
Finance
LLC
,
First
Lien,
CME
Term
Loan,
B
,
8.971
%
,
(
3-month
SOFR
+
3.5
%
),
4/02/29
...............
United
States
213,455
214,199
Simply
Good
Foods
USA,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
7.944
%
,
(
1-month
SOFR
+
2.5
%
),
3/17/27
...............
United
States
37,901
38,185
398,497
a
a
a
a
a
a
h
Ground
Transportation
0.1%
Albion
Financing
3
SARL
,
First
Lien,
2024
Amended
USD
CME
Term
Loan
,
9.826
%
,
(
3-month
SOFR
+
4.25
%
),
8/17/29
.....
Luxembourg
61,611
62,189
Avis
Budget
Car
Rental
LLC
,
First
Lien,
New
CME
Term
Loan,
C
,
8.444
%
,
(
1-month
SOFR
+
3
%
),
3/16/29
................
United
States
518,890
520,515
First
Student
Bidco,
Inc.
,
First
Lien,
Initial
CME
Term
Loan,
B
,
8.596
%
,
(
3-month
SOFR
+
3
%
),
7/21/28
.....................................
United
States
397,528
398,963
First
Lien,
Initial
CME
Term
Loan,
C
,
8.596
%
,
(
3-month
SOFR
+
3
%
),
7/21/28
.....................................
United
States
121,232
121,670
1,103,337
a
a
a
a
a
a
h
Health
Care
Equipment
&
Supplies
0.1%
abc
abc
abc
abc
abc
abc
Bausch
+
Lomb
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
8.695
%
,
(
1-month
SOFR
+
3.25
%
),
5/10/27
.....................
United
States
517,360
508,956
Medline
Borrower
LP
,
First
Lien,
Dollar
Incremental
CME
Term
Loan
,
7.594
%
,
(
1-month
SOFR
+
2.25
%
),
10/23/28
....................
United
States
71,135
71,280
First
Lien,
Initial
CME
Term
Loan
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
10/23/28
...................................
United
States
191,719
192,533
abc
abc
abc
abc
abc
abc
US
Radiology
Specialists,
Inc.
(US
Outpatient
Imaging
Services,
Inc.)
,
First
Lien,
CME
Term
Loan
,
10.036
%
,
(
3-month
SOFR
+
4.75
%
),
12/15/27
..................................
United
States
209,038
209,653
982,422
a
a
a
a
a
a
h
Health
Care
Providers
&
Services
0.1%
ADMI
Corp.
,
First
Lien,
Amendment
No.
4
Refinancing
CME
Term
Loan
,
8.833
%
,
(
1-month
SOFR
+
3.375
%
),
12/23/27
.......
United
States
553,509
540,696
Charlotte
Buyer,
Inc.
,
First
Lien,
First
Refinancing
CME
Term
Loan
,
10.076
%
,
(
1-month
SOFR
+
4.75
%
),
2/11/28
........
United
States
344,643
346,814
CNT
Holdings
I
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
8.752
%
,
(
3-month
SOFR
+
3.5
%
),
11/08/27
.....................
United
States
147,109
147,902
Medical
Solutions
Holdings,
Inc.
,
First
Lien,
CME
Term
Loan
,
8.602
%
,
(
3-month
SOFR
+
3.25
%
),
11/01/28
.............
United
States
356,453
285,672
Pacific
Dental
Services
LLC
,
First
Lien,
CME
Term
Loan
,
8.585
%
,
(
1-month
SOFR
+
3.25
%
),
3/17/31
.....................
United
States
287,722
289,289
f
Radiology
Partners,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
PIK,
10.588
%
,
(
3-month
SOFR
+
5
%
),
1/31/29
................
United
States
525,904
500,103
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
h
Health
Care
Providers
&
Services
(continued)
abc
abc
abc
abc
abc
abc
Surgery
Center
Holdings,
Inc.
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.095
%
,
(
1-month
SOFR
+
2.75
%
),
12/19/30
....
United
States
32,164
$
32,292
US
Anesthesia
Partners,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.707
%
,
(
1-month
SOFR
+
4.25
%
),
10/02/28
.............
United
States
542,883
526,070
Waystar
Technologies,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.094
%
,
(
1-month
SOFR
+
2.75
%
),
10/22/29
.............
United
States
105,473
106,462
2,775,300
a
a
a
a
a
a
h
Hotels,
Restaurants
&
Leisure
0.1%
f
24
Hour
Fitness
Worldwide,
Inc.
,
First
Lien,
Exit
CME
Term
Loan
,
PIK,
10.571
%
,
(
3-month
SOFR
+
5
%
),
12/29/25
...........
United
States
1,288,095
545,296
Bally's
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
8.794
%
,
(
3-month
SOFR
+
3.25
%
),
10/02/28
...........................
United
States
521,496
500,576
Dave
&
Buster's,
Inc.
,
First
Lien,
2024
Refinancing
CME
Term
Loan,
B
,
8.625
%
,
(
1-month
SOFR
+
3.25
%
),
6/29/29
.......
United
States
228,440
229,408
Hilton
Grand
Vacations
Borrower
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
8/02/28
..........
United
States
200,433
200,904
Ontario
Gaming
GTA
LP
,
First
Lien,
CME
Term
Loan,
B
,
9.585
%
,
(
3-month
SOFR
+
4.25
%
),
8/01/30
.....................
Canada
110,977
111,593
Raptor
Acquisition
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
9.609
%
,
(
3-month
SOFR
+
4
%
),
11/01/26
......................
United
States
298,765
300,856
Scientific
Games
Holdings
LP
,
First
Lien,
2024
Refinancing
Dollar
CME
Term
Loan
,
8.318
%
,
(
3-month
SOFR
+
3
%
),
4/04/29
...
United
States
505,014
504,824
Whatabrands
LLC
,
First
Lien,
2024
CME
Term
Loan,
B
,
8.094
%
,
(
1-month
SOFR
+
2.75
%
),
8/03/28
.....................
United
States
122,915
123,162
2,516,619
a
a
a
a
a
a
Household
Durables
0.0%
†
h
Hunter
Douglas,
Inc.
,
First
Lien,
CME
Term
Loan,
B1
,
8.836
%
,
(
3-month
SOFR
+
3.5
%
),
2/25/29
......................
Netherlands
519,252
515,033
h
Insurance
0.2%
Acrisure
LLC
,
First
Lien,
Term
Loan,
B6
,
8.594
%
,
(
3-month
SOFR
+
3.25
%
),
11/06/30
.................................
United
States
156,042
156,083
AssuredPartners,
Inc.
,
First
Lien,
2024
CME
Term
Loan
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
2/14/31
......................
United
States
433,495
435,449
Asurion
LLC
,
First
Lien,
New
CME
Term
Loan,
B10
,
9.444
%
,
(
1-month
SOFR
+
4
%
),
8/21/28
....................................
United
States
132,051
131,123
First
Lien,
New
CME
Term
Loan,
B11
,
9.694
%
,
(
1-month
SOFR
+
4.25
%
),
8/21/28
.................................
United
States
515,807
514,471
Second
Lien,
New
CME
Term
Loan,
B4
,
10.708
%
,
(
1-month
SOFR
+
5.25
%
),
1/19/29
............................
United
States
1,264,852
1,171,734
abc
abc
abc
abc
abc
abc
Broadstreet
Partners,
Inc.
,
First
Lien,
CME
Term
Loan,
B4
,
8.494
%
,
(
12-month
SOFR
+
3.25
%
),
5/12/31
.............
United
States
517,622
519,180
Sedgwick
Claims
Management
Services,
Inc.
,
First
Lien,
2023
CME
Term
Loan
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
2/24/28
.
United
States
301,231
302,130
3,230,170
a
a
a
a
a
a
h
IT
Services
0.0%
†
Fortress
Intermediate
3,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.097
%
,
(
1-month
SOFR
+
3.75
%
),
6/27/31
..............
United
States
95,177
95,355
Gainwell
Acquisition
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
9.435
%
,
(
3-month
SOFR
+
4
%
),
10/01/27
................
United
States
457,514
408,332
503,687
a
a
a
a
a
a
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
h
Leisure
Products
0.0%
†
abc
abc
abc
abc
abc
19th
Holdings
Golf
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.682
%
,
(
1-month
SOFR
+
3.25
%
),
2/07/29
..............
United
States
497,462
$
490,003
GBT
US
III
LLC
,
First
Lien,
CME
Term
Loan,
B
,
8.279
%
,
(
12-month
SOFR
+
3.5
%
),
7/18/31
.....................
United
States
144,044
144,314
634,317
a
a
a
a
a
a
h
Machinery
0.0%
†
CPM
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.842
%
,
(
1-month
SOFR
+
4.5
%
),
9/28/28
......................
United
States
518,697
511,674
Crosby
US
Acquisition
Corp.
,
First
Lien,
Amendment
No.
3
Replacement
CME
Term
Loan
,
9.344
%
,
(
1-month
SOFR
+
4
%
),
8/16/29
.........................................
United
States
216,304
217,639
729,313
a
a
a
a
a
a
h
Media
0.1%
Cengage
Learning,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
9.538
%
,
(
6-month
SOFR
+
4.25
%
),
3/14/31
.....................
United
States
276,127
277,680
Gray
Television,
Inc.
,
First
Lien,
CME
Term
Loan,
D
,
8.457
%
,
(
1-month
SOFR
+
3
%
),
12/01/28
......................
United
States
426,371
397,026
MH
Sub
I
LLC
(Micro
Holding
Corp.)
,
First
Lien,
CME
Term
Loan
,
9.594
%
,
(
1-month
SOFR
+
4.25
%
),
5/03/28
..............
United
States
518,504
517,880
1,192,586
a
a
a
a
a
a
Metals
&
Mining
0.0%
†
h
Arsenal
AIC
Parent
LLC
,
First
Lien,
2024
CME
Term
Loan,
B
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
8/19/30
..............
United
States
129,907
130,589
h
Oil,
Gas
&
Consumable
Fuels
0.1%
Oryx
Midstream
Services
Permian
Basin
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.441
%
,
(
1-month
SOFR
+
3
%
),
10/05/28
..
United
States
497,500
499,968
UGI
Energy
Services
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
2/22/30
...............
United
States
365,270
366,709
866,677
a
a
a
a
a
a
h
Passenger
Airlines
0.1%
AAdvantage
Loyalty
IP
Ltd.
,
First
Lien,
Initial
CME
Term
Loan
,
10.294
%
,
(
3-month
SOFR
+
4.75
%
),
4/20/28
.............
United
States
186,503
193,181
American
Airlines,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
7.775
%
,
(
3-month
SOFR
+
2.5
%
),
6/04/29
......................
United
States
339,546
338,358
United
Airlines,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
8.033
%
,
(
3-month
SOFR
+
2.75
%
),
2/22/31
.....................
United
States
270,737
272,140
WestJet
Loyalty
LP
,
First
Lien,
Initial
CME
Term
Loan
,
9.082
%
,
(
3-month
SOFR
+
3.75
%
),
2/14/31
.....................
Canada
518,700
520,064
1,323,743
a
a
a
a
a
a
h
Pharmaceuticals
0.0%
†
Jazz
Financing
Lux
SARL
,
First
Lien,
Dollar
CME
Term
Loan,
B1
,
8.458
%
,
(
1-month
SOFR
+
3
%
),
5/05/28
................
United
States
307,745
308,623
Organon
&
Co.
,
First
Lien,
Dollar
CME
Term
Loan
,
7.835
%
,
(
1-month
SOFR
+
2.5
%
),
5/19/31
......................
United
States
163,484
164,404
473,027
a
a
a
a
a
a
h
Professional
Services
0.1%
EAB
Global,
Inc.
,
First
Lien,
CME
Term
Loan
,
8.844
%
,
(
1-month
SOFR
+
3.25
%
),
8/16/28
............................
United
States
518,674
518,350
Maximus,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
7.344
%
,
(
1-month
SOFR
+
2
%
),
5/30/31
...............................
United
States
196,375
196,989
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
h
Professional
Services
(continued)
abc
abc
abc
abc
abc
abc
TTF
Holdings
LLC
,
First
Lien,
CME
Term
Loan,
B
,
9.237
%
,
(
12-month
SOFR
+
4
%
),
5/28/31
......................
United
States
123,566
$
123,952
839,291
a
a
a
a
a
a
Real
Estate
Management
&
Development
0.0%
†
h
Cushman
&
Wakefield
US
Borrower
LLC
,
First
Lien,
CME
Term
Loan
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
1/31/30
.........
United
States
518,700
521,294
h
Software
0.1%
Adeia,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
8.345
%
,
(
1-month
SOFR
+
3
%
),
6/08/28
...............................
United
States
508,866
511,253
AppLovin
Corp.
,
First
Lien,
Delayed
Draw
CME
Term
Loan,
B
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
8/15/30
...............
United
States
208,506
209,238
Genesys
Cloud
Services
Holdings
II
LLC
,
First
Lien,
Dollar
CME
Term
Loan,
B4
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
12/01/27
..
United
States
327,728
329,999
Ivanti
Software,
Inc.
,
First
Lien,
First
Amendment
CME
Term
Loan
,
9.569
%
,
(
3-month
SOFR
+
4
%
),
12/01/27
...........
United
States
68,886
57,643
McAfee
Corp.
,
First
Lien,
Term
Loan,
B1
,
8.592
%
,
(
1-month
SOFR
+
3.25
%
),
3/01/29
............................
United
States
501,921
501,959
Polaris
Newco
LLC
,
First
Lien,
Dollar
CME
Term
Loan
,
9.514
%
,
(
3-month
SOFR
+
4
%
),
6/02/28
.......................
United
States
444,192
445,303
Rocket
Software,
Inc.
,
First
Lien,
CME
Term
Loan
,
10.094
%
,
(
1-month
SOFR
+
4.75
%
),
11/28/28
....................
United
States
225,935
227,072
2,282,467
a
a
a
a
a
a
h
Specialty
Retail
0.2%
Evergreen
Acqco
1
LP
,
First
Lien,
Initial
CME
Term
Loan
,
9.085
%
,
(
3-month
SOFR
+
3.75
%
),
4/26/28
.....................
United
States
232,880
234,555
GNC
Holdings,
Inc.
,
Second
Lien,
CME
Term
Loan
,
11.444
%
,
(
1-month
SOFR
+
6
%
),
10/07/26
......................
United
States
1,634,958
1,185,344
Great
Outdoors
Group
LLC
,
First
Lien,
CME
Term
Loan,
B1
,
9.208
%
,
(
1-month
SOFR
+
3.75
%
),
3/06/28
..............
United
States
245,919
245,919
Johnstone
Supply
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.332
%
,
(
1-month
SOFR
+
3
%
),
5/16/31
................
United
States
430,939
432,555
Park
River
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.843
%
,
(
3-month
SOFR
+
3.25
%
),
12/28/27
.............
United
States
125,586
119,730
Petco
Health
&
Wellness
Co.,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.846
%
,
(
3-month
SOFR
+
3.25
%
),
3/03/28
.........
United
States
520,000
481,866
RealTruck
Group,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
1/31/28
......................
United
States
343,540
343,182
Restoration
Hardware,
Inc.
,
First
Lien,
2022
Incremental
CME
Term
Loan
,
8.694
%
,
(
1-month
SOFR
+
3.25
%
),
10/20/28
....
United
States
470,506
452,274
White
Cap
Supply
Holdings
LLC
,
First
Lien,
Term
Loan,
C
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
10/19/29
.............
United
States
117,510
116,971
3,612,396
a
a
a
a
a
a
h
Textiles,
Apparel
&
Luxury
Goods
0.0%
†
Flash
Charm,
Inc.
,
First
Lien,
Term
Loan,
B2
,
8.748
%
,
(
1-month
SOFR
+
3.5
%
),
3/02/28
.............................
United
States
316,133
314,755
Hanesbrands,
Inc.
,
First
Lien,
Initial
CME
Term
Loan,
B
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
3/08/30
.....................
United
States
519,442
521,878
836,633
a
a
a
a
a
a
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
Transportation
Infrastructure
0.0%
†
abc
abc
abc
abc
abc
h
LaserShip,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
10.096
%
,
(
3-month
SOFR
+
4.5
%
),
5/08/28
......................
United
States
372,411
$
291,877
Total
Senior
Floating
Rate
Interests
(Cost
$
44,628,714
)
........................
44,475,573
i
Marketplace
Loans
2.0%
a
Financial
Services
2.0%
a
a
a
a
a
a
Total
Marketplace
Loans
(Cost
$
44,922,327
)
..................................
38,727,891
Foreign
Government
and
Agency
Securities
1.6%
d
Banque
Ouest
Africaine
de
Developpement
,
Senior
Bond
,
144A,
5
%
,
7/27/27
......................................
Supranational
j
3,900,000
3,754,228
d
Electricite
de
France
SA
,
Senior
Note
,
144A,
5.7
%
,
5/23/28
....
France
1,000,000
1,028,322
Equinor
ASA
,
Senior
Note
,
2.875
%
,
4/06/25
.........................
Norway
15,300,000
15,070,648
Senior
Note
,
1.75
%
,
1/22/26
.........................
Norway
5,400,000
5,176,981
Export-Import
Bank
of
Korea
,
Senior
Bond
,
2.875
%
,
1/21/25
...
South
Korea
2,000,000
1,980,290
d
Korea
Electric
Power
Corp.
,
Senior
Note
,
144A,
5.375
%
,
4/06/26
South
Korea
2,800,000
2,823,776
Peru
Government
Bond
,
Senior
Bond
,
2.783
%
,
1/23/31
.......
Peru
800,000
694,618
Petroleos
Mexicanos
,
Senior
Note
,
6.875
%
,
10/16/25
........
Mexico
990,000
988,566
Total
Foreign
Government
and
Agency
Securities
(Cost
$
32,345,530
)
............
31,517,429
U.S.
Government
and
Agency
Securities
16.0%
U.S.
Treasury
Notes
,
1
%,
12/15/24
.....................................
United
States
94,000,000
92,583,028
0.25
%,
5/31/25
...................................
United
States
11,000,000
10,589,389
4.625
%,
6/30/25
...................................
United
States
41,000,000
40,946,926
0.25
%,
10/31/25
...................................
United
States
81,000,000
76,782,305
0.375
%,
11/30/25
..................................
United
States
13,000,000
12,305,566
k
Index
Linked,
0.125
%,
4/15/26
........................
United
States
23,400,000
26,871,788
0.75
%,
8/31/26
...................................
United
States
16,000,000
14,897,188
2
%,
11/15/26
.....................................
United
States
48,000,000
45,742,500
Total
U.S.
Government
and
Agency
Securities
(Cost
$
320,209,154
)
..............
320,718,690
Asset-Backed
Securities
19.6%
Banks
1.2%
abc
abc
abc
abc
abc
abc
Capital
One
Multi-Asset
Execution
Trust
,
2022-A2
,
A
,
3.49
%
,
5/15/27
.
.........................................
United
States
17,330,000
17,100,688
abc
abc
abc
abc
abc
abc
Chase
Issuance
Trust
,
2022-A1
,
A
,
3.97
%
,
9/15/27
.
..........
United
States
6,794,000
6,717,944
23,818,632
a
a
a
a
a
a
Consumer
Finance
5.5%
abc
abc
abc
abc
abc
abc
American
Express
Credit
Account
Master
Trust
,
2022-2
,
A
,
3.39
%
,
5/15/27
...........................
United
States
11,100,000
10,949,716
2022-3
,
A
,
3.75
%
,
8/15/27
...........................
United
States
18,235,000
18,006,853
2023-1
,
A
,
4.87
%
,
5/15/28
...........................
United
States
10,380,000
10,414,378
abc
abc
abc
abc
abc
abc
Discover
Card
Execution
Note
Trust
,
2022-A3
,
A3
,
3.56
%
,
7/15/27
.........................
United
States
18,930,000
18,661,650
2023-A2
,
A
,
4.93
%
,
6/15/28
..........................
United
States
10,380,000
10,425,761
abc
abc
abc
abc
abc
abc
GM
Financial
Consumer
Automobile
Receivables
Trust
,
2023-4
,
A3
,
5.78
%
,
8/16/28
..........................
United
States
7,410,000
7,537,327
2024-1
,
A3
,
4.85
%
,
12/18/28
.........................
United
States
11,000,000
11,036,860
2024-2
,
A2A
,
5.33
%
,
3/16/27
.........................
United
States
2,400,000
2,401,996
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
(continued)
Consumer
Finance
(continued)
abc
abc
abc
abc
abc
abc
Hyundai
Auto
Receivables
Trust
,
2023-B
,
A3
,
5.48
%
,
4/17/28
..........................
United
States
3,550,000
$
3,576,869
2024-A
,
A3
,
4.99
%
,
2/15/29
..........................
United
States
3,520,000
3,541,088
abc
abc
abc
abc
abc
abc
Toyota
Auto
Receivables
Owner
Trust
,
2024-A
,
A3
,
4.83
%
,
10/16/28
.........................
United
States
6,670,000
6,684,737
2024-B
,
A3
,
5.33
%
,
1/16/29
..........................
United
States
7,770,000
7,881,330
111,118,565
a
a
a
a
a
a
Financial
Services
12.9%
abc
abc
abc
abc
abc
abc
d
American
Homes
4
Rent
Trust
,
2014-SFR3
,
A
,
144A,
3.678
%
,
12/17/36
.................
United
States
660,340
654,935
2015-SFR1
,
A
,
144A,
3.467
%
,
4/17/52
..................
United
States
5,050,853
4,973,821
abc
abc
abc
abc
abc
abc
d
,h
Apidos
CLO
XXXV
,
2021-35A
,
A
,
144A,
FRN
,
6.594
%
,
(
3-month
SOFR
+
1.312
%
),
4/20/34
.
...........................
United
States
19,306,000
19,330,781
abc
abc
abc
abc
abc
abc
BA
Credit
Card
Trust
,
2022-A1
,
A1
,
3.53
%
,
11/15/27
........................
United
States
3,870,000
3,817,454
2022-A2
,
A2
,
5
%
,
4/15/28
...........................
United
States
11,562,000
11,572,871
2023-A2
,
A2
,
4.98
%
,
11/15/28
........................
United
States
6,140,000
6,198,438
abc
abc
abc
abc
abc
abc
d
,h
Barings
CLO
Ltd.
,
2018-4A
,
A1R
,
144A,
FRN
,
6.451
%
,
(
3-month
SOFR
+
1.15
%
),
10/15/30
.
...........................
United
States
4,672,794
4,678,879
abc
abc
abc
abc
abc
abc
d
,h
BlueMountain
CLO
Ltd.
,
2016-3A
,
A1R2
,
144A,
FRN
,
6.522
%
,
(
3-month
SOFR
+
1.2
%
),
11/15/30
.
....................
United
States
10,282,250
10,297,487
abc
abc
abc
abc
abc
abc
d
,h
BlueMountain
CLO
XXXI
Ltd.
,
2021-31A
,
A1
,
144A,
FRN
,
6.691
%
,
(
3-month
SOFR
+
1.412
%
),
4/19/34
.
.............
United
States
3,130,000
3,134,225
abc
abc
abc
abc
abc
abc
d
,h
Carlyle
Global
Market
Strategies
CLO
Ltd.
,
2015-4A
,
A1RR
,
144A,
FRN
,
6.502
%
,
(
3-month
SOFR
+
1.22
%
),
7/20/32
...................................
United
States
9,950,000
9,980,758
2016-1A
,
A1R2
,
144A,
FRN
,
6.684
%
,
(
3-month
SOFR
+
1.402
%
),
4/20/34
..................................
United
States
2,000,000
2,002,376
abc
abc
abc
abc
abc
abc
d
CF
Hippolyta
Issuer
LLC
,
2020-1
,
A1
,
144A,
1.69
%
,
7/15/60
.
...
United
States
3,291,994
3,144,195
abc
abc
abc
abc
abc
abc
d
,l
Consumer
Loan
Underlying
Bond
Certificate
Issuer
Trust
I
,
2019-26
,
PT
,
144A,
FRN
,
11.51
%
,
8/15/44
...............
United
States
13,800
13,396
2019-31
,
PT
,
144A,
FRN
,
9.263
%
,
9/15/44
...............
United
States
20,427
16,238
2019-37
,
PT
,
144A,
FRN
,
10.031
%
,
10/17/44
.............
United
States
23,900
21,986
2019-42
,
PT
,
144A,
FRN
,
9.66
%
,
11/15/44
...............
United
States
20,585
18,232
2019-51
,
PT
,
144A,
FRN
,
11.418
%
,
1/15/45
..............
United
States
79,125
73,306
2019-52
,
PT
,
144A,
FRN
,
12.09
%
,
1/15/45
...............
United
States
85,509
78,746
2019-S2
,
PT
,
144A,
FRN
,
13.654
%
,
5/16/44
..............
United
States
2,497
2,403
2019-S3
,
PT
,
144A,
FRN
,
12.981
%
,
6/15/44
..............
United
States
729
680
2019-S4
,
PT
,
144A,
FRN
,
12.603
%
,
8/15/44
..............
United
States
3,795
3,727
2019-S5
,
PT
,
144A,
FRN
,
0.36
%
,
9/15/44
................
United
States
8,163
7,387
2019-S6
,
PT
,
144A,
FRN
,
4.972
%
,
10/17/44
..............
United
States
15,871
15,409
2019-S7
,
PT
,
144A,
FRN
,
4.8
%
,
12/15/44
................
United
States
24,155
22,798
2019-S8
,
PT
,
144A,
FRN
,
4.88
%
,
1/15/45
................
United
States
39,483
33,576
2020-2
,
PT
,
144A,
FRN
,
13.54
%
,
3/15/45
................
United
States
116,580
111,192
2020-7
,
PT
,
144A,
FRN
,
12.05
%
,
4/17/45
................
United
States
69,069
65,052
abc
abc
abc
abc
abc
abc
d
,h
Cook
Park
CLO
Ltd.
,
2018-1A
,
A2
,
144A,
FRN
,
6.667
%
,
(
3-month
SOFR
+
1.382
%
),
4/17/30
.
...........................
United
States
1,000,000
1,000,391
abc
abc
abc
abc
abc
abc
h
CWABS,
Inc.
,
2004-1
,
M1
,
FRN
,
6.214
%
,
(
1-month
SOFR
+
0.864
%
),
3/25/34
.
.................................
United
States
24,052
24,052
abc
abc
abc
abc
abc
abc
d
,h
Ellington
CLO
III
Ltd.
,
2018-3A
,
A1
,
144A,
FRN
,
7.194
%
,
(
3-month
SOFR
+
1.912
%
),
7/20/30
.
...................
United
States
1,363,039
1,365,320
abc
abc
abc
abc
abc
abc
d
FirstKey
Homes
Trust
,
2020-SFR2
,
A
,
144A,
1.266
%
,
10/19/37
.
.
United
States
3,966,154
3,785,227
abc
abc
abc
abc
abc
abc
Ford
Credit
Auto
Owner
Trust
,
2024-A
,
A3
,
5.09
%
,
12/15/28
.
...
United
States
6,670,000
6,727,467
abc
abc
abc
abc
abc
abc
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
(continued)
Financial
Services
(continued)
d
,h
Galaxy
XXVII
CLO
Ltd.
,
2018-27A
,
A
,
144A,
FRN
,
6.608
%
,
(
3-month
SOFR
+
1.282
%
),
5/16/31
.
...................
United
States
950,680
$
952,094
abc
abc
abc
abc
abc
abc
d
Home
Partners
of
America
Trust
,
2021-3
,
B
,
144A,
2.649
%
,
1/17/41
.
.........................................
United
States
1,368,199
1,235,026
abc
abc
abc
abc
abc
abc
Honda
Auto
Receivables
Owner
Trust
,
2023-3
,
A3
,
5.41
%
,
2/18/28
..........................
United
States
8,070,000
8,126,982
2023-4
,
A3
,
5.67
%
,
6/21/28
..........................
United
States
7,010,000
7,119,120
2024-1
,
A2
,
5.36
%
,
9/15/26
..........................
United
States
6,510,000
6,509,247
abc
abc
abc
abc
abc
abc
d
,h
Madison
Park
Funding
XXIX
Ltd.
,
2018-29A
,
AR
,
144A,
FRN
,
6.459
%
,
(
3-month
SOFR
+
1.18
%
),
10/18/30
.
.............
United
States
9,599,127
9,609,058
abc
abc
abc
abc
abc
abc
d
,h
Magnetite
XXIX
Ltd.
,
2021-29A
,
A
,
144A,
FRN
,
6.553
%
,
(
3-month
SOFR
+
1.252
%
),
1/15/34
.
...........................
United
States
17,640,273
17,667,345
abc
abc
abc
abc
abc
abc
d
,h
Neuberger
Berman
CLO
XVIII
Ltd.
,
2014-18A
,
A1BR
,
144A,
FRN
,
6.944
%
,
(
3-month
SOFR
+
1.662
%
),
10/21/30
.
............
United
States
2,295,000
2,299,883
abc
abc
abc
abc
abc
abc
d
,h
Neuberger
Berman
CLO
XVI-S
Ltd.
,
2017-16SA
,
AR
,
144A,
FRN
,
6.603
%
,
(
3-month
SOFR
+
1.302
%
),
4/15/34
.
.............
United
States
15,000,000
15,020,406
abc
abc
abc
abc
abc
abc
d
New
Economy
Assets
Phase
1
Sponsor
LLC
,
2021-1
,
A1
,
144A,
1.91
%
,
10/20/61
.
..................................
United
States
13,870,000
12,574,098
abc
abc
abc
abc
abc
abc
Nissan
Auto
Receivables
Owner
Trust
,
2023-A
,
A3
,
4.91
%
,
11/15/27
.
........................................
United
States
14,386,000
14,374,615
abc
abc
abc
abc
abc
abc
d
,h
OCP
CLO
Ltd.
,
2014-6A
,
A1R2
,
144A,
FRN
,
6.436
%
,
(
3-month
SOFR
+
1.15
%
),
10/17/30
.
...........................
United
States
6,736,253
6,751,345
abc
abc
abc
abc
abc
abc
d
,h
Octagon
56
Ltd.
,
2021-1A
,
A
,
144A,
FRN
,
6.723
%
,
(
3-month
SOFR
+
1.422
%
),
10/15/34
.
..........................
United
States
15,000,000
15,039,023
abc
abc
abc
abc
abc
abc
d
,h
Octagon
Investment
Partners
18-R
Ltd.
,
2018-18A
,
A1A
,
144A,
FRN
,
6.508
%
,
(
3-month
SOFR
+
1.222
%
),
4/16/31
.
........
United
States
630,429
631,196
abc
abc
abc
abc
abc
abc
d
,h
Octagon
Investment
Partners
35
Ltd.
,
2018-1A
,
A1B
,
144A,
FRN
,
6.644
%
,
(
3-month
SOFR
+
1.362
%
),
1/20/31
.
.............
United
States
2,000,000
2,002,641
abc
abc
abc
abc
abc
abc
d
,h
OHA
Credit
Partners
VII
Ltd.
,
2012-7A
,
AR3
,
144A,
FRN
,
6.657
%
,
(
3-month
SOFR
+
1.332
%
),
2/20/34
.
...................
United
States
17,876,000
17,903,525
abc
abc
abc
abc
abc
abc
d
,l
Prosper
Pass-Thru
Trust
III
,
2020-PT1
,
A
,
144A,
FRN
,
6.479
%
,
3/15/26
...............
United
States
52,451
45,380
2020-PT2
,
A
,
144A,
FRN
,
6.772
%
,
4/15/26
...............
United
States
71,679
65,438
2020-PT3
,
A
,
144A,
FRN
,
7.183
%
,
5/15/26
...............
United
States
23,148
19,382
abc
abc
abc
abc
abc
abc
h
RAAC
Trust
,
2004-SP1
,
AII
,
FRN
,
6.164
%
,
(
1-month
SOFR
+
0.814
%
),
3/25/34
.
.................................
United
States
64,156
62,953
abc
abc
abc
abc
abc
abc
d
,h
RR
14
Ltd.
,
2021-14A
,
A1
,
144A,
FRN
,
6.683
%
,
(
3-month
SOFR
+
1.382
%
),
4/15/36
.
................................
United
States
23,418,000
23,465,600
abc
abc
abc
abc
abc
abc
d
,l
Upgrade
Master
Pass-Thru
Trust
,
2019-PT1
,
A
,
144A,
FRN
,
8.399
%
,
6/15/25
...............
United
States
2,642
1,389
2019-PT2
,
A
,
144A,
FRN
,
19.25
%
,
2/15/26
...............
United
States
44,624
42,988
abc
abc
abc
abc
abc
abc
d
,h
Voya
CLO
Ltd.
,
2018-2A
,
A2
,
144A,
FRN
,
6.813
%
,
(
3-month
SOFR
+
1.512
%
),
7/15/31
.
...........................
United
States
2,500,000
2,501,875
257,193,414
a
a
a
a
a
a
Passenger
Airlines
0.0%
†
abc
abc
abc
abc
abc
abc
American
Airlines
Pass-Through
Trust
,
2016-2
,
AA
,
3.2
%
,
6/15/28
.
.........................................
United
States
32,600
30,724
abc
abc
abc
abc
abc
abc
United
Airlines
Pass-Through
Trust
,
2020-1
,
B
,
4.875
%
,
7/15/27
.
United
States
203,400
200,825
231,549
a
a
a
a
a
a
Total
Asset-Backed
Securities
(Cost
$
392,879,189
)
............................
392,362,160
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Commercial
Mortgage-Backed
Securities
2.2%
Financial
Services
2.2%
abc
abc
abc
abc
abc
abc
Banc
of
America
Commercial
Mortgage
Trust
,
2015-UBS7
,
A4
,
3.705
%
,
9/15/48
...................................
United
States
100,000
$
97,793
abc
abc
abc
abc
abc
abc
d
,h
BX
Commercial
Mortgage
Trust
,
2021-VOLT
,
A
,
144A,
FRN
,
6.143
%
,
(
1-month
SOFR
+
0.814
%
),
9/15/36
.............
United
States
5,430,000
5,356,004
abc
abc
abc
abc
abc
abc
d
,h
BX
Mortgage
Trust
,
2021-PAC
,
A
,
144A,
FRN
,
6.133
%
,
(
1-month
SOFR
+
0.804
%
),
10/15/36
..........................
United
States
7,517,000
7,412,411
abc
abc
abc
abc
abc
abc
d
,h
BX
Trust
,
2022-IND
,
A
,
144A,
FRN
,
6.82
%
,
(
1-month
SOFR
+
1.491
%
),
4/15/37
..................................
United
States
7,231,091
7,217,916
abc
abc
abc
abc
abc
abc
Citigroup
Commercial
Mortgage
Trust
,
2016-P4
,
A2
,
2.45
%
,
7/10/49
.........................................
United
States
1,250,750
1,199,644
abc
abc
abc
abc
abc
abc
CSAIL
Commercial
Mortgage
Trust
,
2015-C3
,
A4
,
3.718
%
,
8/15/48
.........................................
United
States
1,530,000
1,499,889
abc
abc
abc
abc
abc
abc
d
,h
DBCG
Mortgage
Trust
,
2017-BBG
,
A
,
144A,
FRN
,
8.5
%
,
(
PRIME
+
0
%
),
6/15/34
....................................
United
States
8,912,303
8,911,905
abc
abc
abc
abc
abc
abc
d
,l
Eleven
Madison
Mortgage
Trust
,
2015-11MD
,
A
,
144A,
FRN
,
3.555
%
,
9/10/35
...................................
United
States
2,005,000
1,930,016
abc
abc
abc
abc
abc
abc
GS
Mortgage
Securities
Trust
,
2016-GS2
,
A4
,
3.05
%
,
5/10/49
........................
United
States
890,000
857,243
2016-GS3
,
A4
,
2.85
%
,
10/10/49
.......................
United
States
600,000
570,359
2017-GS6
,
A3
,
3.433
%
,
5/10/50
.......................
United
States
2,000,000
1,896,432
abc
abc
abc
abc
abc
abc
JPMBB
Commercial
Mortgage
Securities
Trust
,
2015-C30
,
A5
,
3.822
%
,
7/15/48
.......................
United
States
1,500,000
1,455,557
2016-C1
,
A5
,
3.576
%
,
3/17/49
........................
United
States
4,417,000
4,291,589
abc
abc
abc
abc
abc
abc
Wells
Fargo
Commercial
Mortgage
Trust
,
2015-C31
,
A4
,
3.695
%
,
11/15/48
........................................
United
States
1,050,000
1,027,046
43,723,804
a
a
a
a
a
a
Total
Commercial
Mortgage-Backed
Securities
(Cost
$
43,971,545
)
..............
43,723,804
Mortgage-Backed
Securities
1.3%
m
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Adjustable
Rate
0.0%
†
FHLMC
,
6.203
%
-
6.882
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
10/01/36
-
6/01/37
.......
United
States
487,828
501,336
501,336
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Fixed
Rate
1.1%
FHLMC
Gold
Pool,
30
Year
,
5
%,
1/01/39
..................
United
States
40,078
40,663
FHLMC
Pool,
15
Year
,
3
%,
10/01/37
.....................
United
States
10,588,147
9,958,179
FHLMC
Pool,
15
Year
,
3.5
%,
10/01/37
....................
United
States
10,996,172
10,575,049
20,573,891
m
Federal
National
Mortgage
Association
(FNMA)
Adjustable
Rate
0.2%
FNMA
,
2.748
%
-
5.347
%,
(
3-year
CMT
T-Note
+/-
MBS
Margin),
2/01/26
-
6/01/34
..................................
United
States
15,795
15,639
FNMA
,
4.436
%
-
5.834
%,
(
COFI
11th
District
+/-
MBS
Margin),
12/01/25
-
12/01/36
................................
United
States
27,490
26,744
FNMA
,
6.047
%,
(
5-year
CMT
T-Note
+/-
MBS
Margin),
2/01/30
.
United
States
13,090
13,080
FNMA
,
6.455
%
-
6.6
%,
(
1-month
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
4/01/28
-
7/01/34
........
United
States
21,783
21,759
FNMA
,
5.675
%
-
7.305
%,
(
6-month
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
9/01/27
-
8/01/37
United
States
315,162
314,332
FNMA
,
7.375
%,
(
6-month
H15BDI
+/-
MBS
Margin),
8/01/32
...
United
States
1,992
1,980
FNMA
,
4.645
%
-
7.595
%,
(
1-year
CMT
T-Note
+/-
MBS
Margin),
5/01/26
-
4/01/40
..................................
United
States
599,656
610,439
FNMA
,
6.372
%
-
7.654
%,
(
12-month
average
of
1-year
CMT
+/-
MBS
Margin),
11/01/30
-
10/01/44
.....................
United
States
100,586
101,085
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Mortgage-Backed
Securities
(continued)
m
Federal
National
Mortgage
Association
(FNMA)
Adjustable
Rate
(continued)
FNMA
,
5.205
%
-
7.776
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
11/01/32
-
2/01/44
........
United
States
2,926,278
$
2,984,378
4,089,436
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
0.0%
†
FNMA,
15
Year
,
3.5
%,
10/01/25
.........................
United
States
50,413
49,801
FNMA,
15
Year
,
4
%,
12/01/25
..........................
United
States
63,663
62,985
FNMA,
15
Year
,
4.5
%,
6/01/25
.........................
United
States
13,339
13,254
FNMA,
30
Year
,
5
%,
3/01/38
...........................
United
States
5,821
5,899
131,939
m
Government
National
Mortgage
Association
(GNMA)
Adjustable
Rate
0.0%
†
GNMA
II
,
3.625
%
-
4.875
%,
(
1-year
CMT
T-Note
+/-
MBS
Margin),
4/20/26
-
9/20/26
..................................
United
States
2,611
2,594
2,594
Total
Mortgage-Backed
Securities
(Cost
$
25,209,846
)
..........................
25,299,196
Municipal
Bonds
0.9%
California
0.2%
Golden
State
Tobacco
Securitization
Corp.
,
Revenue
,
2021
B-1
,
Refunding
,
3.85
%
,
6/01/50
...........................
United
States
4,780,000
4,548,487
New
York
0.4%
New
York
State
Urban
Development
Corp.
,
Revenue
,
2019
B
,
2.25
%
,
3/15/26
.....................
United
States
1,920,000
1,845,050
Revenue
,
2019
B
,
ETM,
2.25
%
,
3/15/26
.................
United
States
6,830,000
6,587,975
8,433,025
Texas
0.3%
Texas
State
University
System
,
Revenue
,
2019
B
,
Refunding
,
2.351
%
,
3/15/26
...................................
United
States
4,825,000
4,652,150
Total
Municipal
Bonds
(Cost
$
18,133,206
)
....................................
17,633,662
Residential
Mortgage-Backed
Securities
4.2%
Capital
Markets
0.0%
†
abc
abc
abc
abc
abc
abc
h
Merrill
Lynch
Mortgage
Investors
Trust
,
2003-A
,
1A
,
FRN
,
6.204
%
,
(
1-month
SOFR
+
0.854
%
),
3/25/28
United
States
37,271
35,235
2003-E
,
A1
,
FRN
,
6.084
%
,
(
1-month
SOFR
+
0.734
%
),
10/25/28
........................................
United
States
117,721
111,479
146,714
a
a
a
a
a
a
Financial
Services
4.2%
abc
abc
abc
abc
abc
abc
h
American
Home
Mortgage
Investment
Trust
,
2005-1
,
6A
,
FRN
,
7.704
%
,
(
6-month
SOFR
+
2.428
%
),
6/25/45
.............
United
States
103,218
102,341
abc
abc
abc
abc
abc
abc
d
,l
BRAVO
Residential
Funding
Trust
,
2019-2
,
A3
,
144A,
FRN
,
3.5
%
,
10/25/44
........................................
United
States
2,492,120
2,358,584
abc
abc
abc
abc
abc
abc
l
CHL
Mortgage
Pass-Through
Trust
,
2004-11
,
2A1
,
FRN
,
5.513
%
,
7/25/34
.........................................
United
States
490,303
457,968
abc
abc
abc
abc
abc
abc
d
,l
CIM
Trust
,
2019-INV1
,
A1
,
144A,
FRN
,
4
%
,
2/25/49
.........
United
States
69,332
65,692
abc
abc
abc
abc
abc
abc
d
,l
COLT
Mortgage
Loan
Trust
,
2022-4
,
A1
,
144A,
FRN
,
4.301
%
,
3/25/67
.........................................
United
States
2,625,563
2,591,010
abc
abc
abc
abc
abc
abc
d
,h
Connecticut
Avenue
Securities
Trust
,
2024-R02
,
1M1
,
144A,
FRN
,
6.447
%
,
(
30-day
SOFR
Average
+
1.1
%
),
2/25/44
....................................
United
States
3,258,329
3,261,047
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
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Residential
Mortgage-Backed
Securities
(continued)
Financial
Services
(continued)
d,h
Connecticut
Avenue
Securities
Trust,
(continued)
2024-R03
,
2M1
,
144A,
FRN
,
6.498
%
,
(
30-day
SOFR
Average
+
1.15
%
),
3/25/44
...................................
United
States
2,393,488
$
2,397,226
2024-R05
,
2M1
,
144A,
FRN
,
6.336
%
,
(
30-day
SOFR
Average
+
1
%
),
7/25/44
.....................................
United
States
2,535,000
2,536,873
abc
abc
abc
abc
abc
abc
Credit
Suisse
First
Boston
Mortgage
Securities
Corp.
,
2004-6
,
3A1
,
5
%
,
1/25/38
..................................
Switzerland
101,777
59,620
abc
abc
abc
abc
abc
abc
d
,l
CSMC
Trust
,
2014-IVR3
,
A1
,
144A,
FRN
,
3.5
%
,
7/25/44
......
United
States
287,715
266,109
abc
abc
abc
abc
abc
abc
h
FHLMC
STACR
Debt
Notes
,
2014-HQ2
,
M3
,
FRN
,
9.212
%
,
(
30-day
SOFR
Average
+
3.864
%
),
9/25/24
..................................
United
States
4,260,667
4,287,224
2016-DNA2
,
M3
,
FRN
,
10.112
%
,
(
30-day
SOFR
Average
+
4.764
%
),
10/25/28
.................................
United
States
4,599,678
4,850,298
2016-HQA2
,
M3
,
FRN
,
10.612
%
,
(
30-day
SOFR
Average
+
5.264
%
),
11/25/28
.................................
United
States
3,400,284
3,580,476
abc
abc
abc
abc
abc
abc
h
FNMA
Connecticut
Avenue
Securities
,
2015-C01
,
1M2
,
FRN
,
9.762
%
,
(
30-day
SOFR
Average
+
4.414
%
),
2/25/25
..................................
United
States
1,239,542
1,258,772
2015-C02
,
1M2
,
FRN
,
9.462
%
,
(
30-day
SOFR
Average
+
4.114
%
),
5/25/25
..................................
United
States
1,974,495
2,024,788
2015-C03
,
1M2
,
FRN
,
10.462
%
,
(
30-day
SOFR
Average
+
5.114
%
),
7/25/25
..................................
United
States
2,102,223
2,186,745
2016-C01
,
1M2
,
FRN
,
12.212
%
,
(
30-day
SOFR
Average
+
6.864
%
),
8/25/28
..................................
United
States
386,037
406,919
2016-C01
,
2M2
,
FRN
,
12.412
%
,
(
30-day
SOFR
Average
+
7.064
%
),
8/25/28
..................................
United
States
1,300,266
1,366,499
abc
abc
abc
abc
abc
abc
l
GSR
Mortgage
Loan
Trust
,
2005-AR1
,
1A1
,
FRN
,
6.31
%
,
1/25/35
United
States
69,397
64,686
abc
abc
abc
abc
abc
abc
l
J.P.
Morgan
Mortgage
Trust
,
2004-A1
,
5A1
,
FRN
,
6.24
%
,
2/25/34
....................
United
States
15,828
15,780
d
2021-13
,
A4
,
144A,
FRN
,
2.5
%
,
4/25/52
.................
United
States
9,802,050
8,635,133
d
2021-15
,
A4
,
144A,
FRN
,
2.5
%
,
6/25/52
.................
United
States
1,944,642
1,703,973
abc
abc
abc
abc
abc
abc
d
,l
Mill
City
Mortgage
Loan
Trust
,
2018-1
,
A1
,
144A,
FRN
,
3.25
%
,
5/25/62
.................
United
States
2,159,994
2,105,134
2018-4
,
A1B
,
144A,
FRN
,
3.5
%
,
4/25/66
.................
United
States
3,590,410
3,484,089
abc
abc
abc
abc
abc
abc
h
New
York
Mortgage
Trust
,
2005-3
,
M1
,
FRN
,
6.139
%
,
(
1-month
SOFR
+
0.789
%
),
2/25/36
...........................
United
States
35,553
34,428
abc
abc
abc
abc
abc
abc
d
OBX
Trust
,
h
2018-1
,
A2
,
144A,
FRN
,
6.114
%
,
(
1-month
SOFR
+
0.764
%
),
6/25/57
.........................................
United
States
632,172
616,064
l
2021-J3
,
A4
,
144A,
FRN
,
2.5
%
,
10/25/51
................
United
States
1,661,086
1,461,963
abc
abc
abc
abc
abc
abc
d
,l
Provident
Funding
Associates
LLP
,
2021-J1
,
A3
,
144A,
FRN
,
2.5
%
,
2/20/49
....................................
United
States
6,762,660
5,913,650
abc
abc
abc
abc
abc
abc
d
,l
PSMC
Trust
,
2021-3
,
A3
,
144A,
FRN
,
2.5
%
,
8/25/51
.........
United
States
9,878,019
8,751,976
abc
abc
abc
abc
abc
abc
d
,h
Station
Place
Securitization
Trust
,
2024-2
,
A
,
144A,
FRN
,
6.247
%
,
(
1-month
SOFR
+
0.9
%
),
6/22/25
......................
United
States
5,000,000
4,976,448
abc
abc
abc
abc
abc
abc
h
Thornburg
Mortgage
Securities
Trust
,
2004-3
,
A
,
FRN
,
6.204
%
,
(
1-month
SOFR
+
0.854
%
),
9/25/34
....................
United
States
216,705
198,114
abc
abc
abc
abc
abc
abc
d
,l
Towd
Point
Mortgage
Trust
,
2018-4
,
A1
,
144A,
FRN
,
3
%
,
6/25/58
...................
United
States
7,672,590
7,175,907
2019-1
,
A1
,
144A,
FRN
,
3.75
%
,
3/25/58
.................
United
States
5,558,795
5,368,605
84,564,141
a
a
a
a
a
a
Total
Residential
Mortgage-Backed
Securities
(Cost
$
91,946,606
)
...............
84,710,855
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
a
a
Country
Shares
a
Value
a
a
a
a
a
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
61,750
Total
Escrows
and
Litigation
Trusts
(Cost
$
1,838,967
)
.........................
61,750
Total
Long
Term
Investments
(Cost
$
1,936,117,319
)
...........................
1,907,811,248
a
Short
Term
Investments
3.8%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
2.0%
n,o
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
5.002
%
..
United
States
40,033,758
40,033,758
Total
Money
Market
Funds
(Cost
$
40,033,758
)
................................
40,033,758
Principal
Amount
*
Repurchase
Agreements
1.8%
p
Joint
Repurchase
Agreement
,
5.292
%
,
8/01/24
(Maturity
Value
$
36,380,727
)
BNP
Paribas
Securities
Corp.
(Maturity
Value
$5,232,640)
Deutsche
Bank
Securities,
Inc.
(Maturity
Value
$14,403,857)
HSBC
Securities
(USA),
Inc.
(Maturity
Value
$16,744,230)
Collateralized
by
U.S.
Government
Agency
Securities,
2%
-
6.5%,
3/20/45
-
7/20/54;
and
U.S.
Treasury
Notes,
2.88%
-
3.75%,
8/15/28
-
12/31/28
(valued
at
$
37,108,126
)
.........
36,375,380
36,375,380
Total
Repurchase
Agreements
(Cost
$
36,375,380
)
.............................
36,375,380
Total
Short
Term
Investments
(Cost
$
76,409,138
)
..............................
76,409,138
a
Total
Investments
(Cost
$
2,012,526,457
)
99.2
%
................................
$1,984,220,386
Other
Assets,
less
Liabilities
0.8
%
...........................................
16,513,435
Net
Assets
100.0%
.........................................................
$2,000,733,821
a
a
a
*
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
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,
2024,
the
aggregate
value
of
these
securities
was
$588,213,232,
representing
29.4%
of
net
assets.
e
The
coupon
rate
shown
represents
the
rate
at
period
end.
f
Income
may
be
received
in
additional
securities
and/or
cash.
g
Defaulted
security
or
security
for
which
income
has
been
deemed
uncollectible.
h
The
coupon
rate
shown
represents
the
rate
inclusive
of
any
caps
or
floors,
if
applicable,
in
effect
at
period
end.
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,
redemption
price
at
maturity,
and/or
coupon
payments
are
adjusted
for
inflation.
l
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.
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).
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
n
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
o
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
p
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,
2024,
all
repurchase
agreements
had
been
entered
into
on
that
date.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2024
Franklin
Low
Duration
Total
Return
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
62
,
At
July
31,
2024,
the
Fund
had
the
following
marketplace
loans
outstanding.
Description
Principal
Amount
Value
Marketplace
Loans
-
2.0%
Block,
Inc.
6460018.SQ.FTS.B
,
Zero
Cpn
,
9/02/24
...
$
271
$
126
6462554.SQ.FTS.B
,
Zero
Cpn
,
9/03/24
...
8,722
6,377
6463733.SQ.FTS.B
,
Zero
Cpn
,
9/04/24
...
1,255
40
6463889.SQ.FTS.B
,
Zero
Cpn
,
9/04/24
...
16,330
6,630
6464362.SQ.FTS.B
,
Zero
Cpn
,
9/04/24
...
4,169
136
6467627.SQ.FTS.B
,
Zero
Cpn
,
9/06/24
...
2,331
2,086
6468533.SQ.FTS.B
,
Zero
Cpn
,
9/06/24
...
1,249
1,016
6468636.SQ.FTS.B
,
Zero
Cpn
,
9/06/24
...
10,598
191
6470083.SQ.FTS.B
,
Zero
Cpn
,
9/07/24
...
83
79
6471840.SQ.FTS.B
,
Zero
Cpn
,
9/07/24
...
755
637
6472795.SQ.FTS.B
,
Zero
Cpn
,
9/08/24
...
2,434
1,832
6473813.SQ.FTS.B
,
Zero
Cpn
,
9/08/24
...
5,828
4,820
6477840.SQ.FTS.B
,
Zero
Cpn
,
9/09/24
...
3,007
115
6478752.SQ.FTS.B
,
Zero
Cpn
,
9/09/24
...
2,553
97
6479093.SQ.FTS.B
,
Zero
Cpn
,
9/09/24
...
1,140
826
6479843.SQ.FTS.B
,
Zero
Cpn
,
9/09/24
...
2,419
1,708
6482925.SQ.FTS.B
,
Zero
Cpn
,
9/10/24
...
4,629
658
6483587.SQ.FTS.B
,
Zero
Cpn
,
9/10/24
...
7,509
5,179
6484618.SQ.FTS.B
,
Zero
Cpn
,
9/10/24
...
4,554
1,881
6485016.SQ.FTS.B
,
Zero
Cpn
,
9/11/24
...
11,565
7,507
6485200.SQ.FTS.B
,
Zero
Cpn
,
9/11/24
...
6,526
213
6485862.SQ.FTS.B
,
Zero
Cpn
,
9/12/24
...
13,536
1,841
6486219.SQ.FTS.B
,
Zero
Cpn
,
9/12/24
...
389
151
6486317.SQ.FTS.B
,
Zero
Cpn
,
9/12/24
...
138
84
6487145.SQ.FTS.B
,
Zero
Cpn
,
9/13/24
...
5,278
3,700
6487587.SQ.FTS.B
,
Zero
Cpn
,
9/13/24
...
1,298
20
6487981.SQ.FTS.B
,
Zero
Cpn
,
9/13/24
...
1,310
20
6488459.SQ.FTS.B
,
Zero
Cpn
,
9/13/24
...
3,116
2,253
6491762.SQ.FTS.B
,
Zero
Cpn
,
9/14/24
...
328
232
6492212.SQ.FTS.B
,
Zero
Cpn
,
9/14/24
...
11,554
285
6492780.SQ.FTS.B
,
Zero
Cpn
,
9/14/24
...
14,716
1,253
6494041.SQ.FTS.B
,
Zero
Cpn
,
9/15/24
...
2,210
54
6494237.SQ.FTS.B
,
Zero
Cpn
,
9/15/24
...
1,702
1,260
6495065.SQ.FTS.B
,
Zero
Cpn
,
9/15/24
...
817
659
6495262.SQ.FTS.B
,
Zero
Cpn
,
9/15/24
...
584
493
6496439.SQ.FTS.B
,
Zero
Cpn
,
9/15/24
...
667
595
6496902.SQ.FTS.B
,
Zero
Cpn
,
9/15/24
...
6,581
4,590
6497094.SQ.FTS.B
,
Zero
Cpn
,
9/15/24
...
1,592
1,040
6499048.SQ.FTS.B
,
Zero
Cpn
,
9/16/24
...
6,776
5,068
6499389.SQ.FTS.B
,
Zero
Cpn
,
9/16/24
...
2,389
1,515
6499996.SQ.FTS.B
,
Zero
Cpn
,
9/16/24
...
487
206
6500866.SQ.FTS.B
,
Zero
Cpn
,
9/16/24
...
4,974
214
6503847.SQ.FTS.B
,
Zero
Cpn
,
9/17/24
...
4,894
4,132
6504715.SQ.FTS.B
,
Zero
Cpn
,
9/17/24
...
2,724
779
6505793.SQ.FTS.B
,
Zero
Cpn
,
9/18/24
...
2,242
71
6506509.SQ.FTS.B
,
Zero
Cpn
,
9/19/24
...
102
73
6508171.SQ.FTS.B
,
Zero
Cpn
,
9/20/24
...
4,228
3,722
6509738.SQ.FTS.B
,
Zero
Cpn
,
9/20/24
...
944
374
6510179.SQ.FTS.B
,
Zero
Cpn
,
9/20/24
...
24,604
774
6511300.SQ.FTS.B
,
Zero
Cpn
,
9/21/24
...
1,509
1,270
6511415.SQ.FTS.B
,
Zero
Cpn
,
9/21/24
...
3,594
2,428
6511726.SQ.FTS.B
,
Zero
Cpn
,
9/21/24
...
531
410
6512222.SQ.FTS.B
,
Zero
Cpn
,
9/21/24
...
2,610
74
6514021.SQ.FTS.B
,
Zero
Cpn
,
9/21/24
...
3,142
2,242
6514372.SQ.FTS.B
,
Zero
Cpn
,
9/22/24
...
689
565
6514949.SQ.FTS.B
,
Zero
Cpn
,
9/22/24
...
6,188
299
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6515238.SQ.FTS.B
,
Zero
Cpn
,
9/22/24
...
$
136
$
113
6516725.SQ.FTS.B
,
Zero
Cpn
,
9/22/24
...
3,769
411
6519286.SQ.FTS.B
,
Zero
Cpn
,
9/23/24
...
1,265
656
6520131.SQ.FTS.B
,
Zero
Cpn
,
9/23/24
...
6,969
4,978
6521243.SQ.FTS.B
,
Zero
Cpn
,
9/23/24
...
3,516
2,279
6524998.SQ.FTS.B
,
Zero
Cpn
,
9/24/24
...
422
295
6525021.SQ.FTS.B
,
Zero
Cpn
,
9/24/24
...
5,129
3,139
6525421.SQ.FTS.B
,
Zero
Cpn
,
9/24/24
...
181
56
6526020.SQ.FTS.B
,
Zero
Cpn
,
9/25/24
...
1,470
1,062
6526070.SQ.FTS.B
,
Zero
Cpn
,
9/25/24
...
1,960
1,540
6526180.SQ.FTS.B
,
Zero
Cpn
,
9/25/24
...
360
275
6526192.SQ.FTS.B
,
Zero
Cpn
,
9/25/24
...
182
50
6526493.SQ.FTS.B
,
Zero
Cpn
,
9/26/24
...
1,269
48
6526542.SQ.FTS.B
,
Zero
Cpn
,
9/26/24
...
9,637
5,997
6526856.SQ.FTS.B
,
Zero
Cpn
,
9/26/24
...
1,447
474
6527010.SQ.FTS.B
,
Zero
Cpn
,
9/26/24
...
515
134
6529506.SQ.FTS.B
,
Zero
Cpn
,
9/27/24
...
497
426
6532694.SQ.FTS.B
,
Zero
Cpn
,
9/28/24
...
332
324
6533589.SQ.FTS.B
,
Zero
Cpn
,
9/28/24
...
301
5
6533974.SQ.FTS.B
,
Zero
Cpn
,
9/28/24
...
74
66
6535332.SQ.FTS.B
,
Zero
Cpn
,
9/29/24
...
2,055
31
6536665.SQ.FTS.B
,
Zero
Cpn
,
9/29/24
...
241
139
6537646.SQ.FTS.B
,
Zero
Cpn
,
9/29/24
...
437
429
6537839.SQ.FTS.B
,
Zero
Cpn
,
9/29/24
...
7,900
551
6540169.SQ.FTS.B
,
Zero
Cpn
,
9/30/24
...
349
12
6544848.SQ.FTS.B
,
Zero
Cpn
,
9/30/24
...
248
220
6545807.SQ.FTS.B
,
Zero
Cpn
,
9/30/24
...
2,423
1,685
6546312.SQ.FTS.B
,
Zero
Cpn
,
9/30/24
...
7,082
4,535
6546599.SQ.FTS.B
,
Zero
Cpn
,
9/30/24
...
729
133
6547288.SQ.FTS.B
,
Zero
Cpn
,
10/01/24
..
382
343
6547450.SQ.FTS.B
,
Zero
Cpn
,
10/01/24
..
1,132
750
6548112.SQ.FTS.B
,
Zero
Cpn
,
10/02/24
..
3,856
236
6549985.SQ.FTS.B
,
Zero
Cpn
,
10/03/24
..
129
51
6550689.SQ.FTS.B
,
Zero
Cpn
,
10/03/24
..
2,079
1,611
6550814.SQ.FTS.B
,
Zero
Cpn
,
10/03/24
..
4,948
96
6551421.SQ.FTS.B
,
Zero
Cpn
,
10/03/24
..
5,448
4,010
6552648.SQ.FTS.B
,
Zero
Cpn
,
10/04/24
..
1,024
939
6552779.SQ.FTS.B
,
Zero
Cpn
,
10/04/24
..
929
594
6554172.SQ.FTS.B
,
Zero
Cpn
,
10/04/24
..
370
219
6554182.SQ.FTS.B
,
Zero
Cpn
,
10/04/24
..
1,783
1,217
6554904.SQ.FTS.B
,
Zero
Cpn
,
10/04/24
..
925
861
6556061.SQ.FTS.B
,
Zero
Cpn
,
10/05/24
..
223
178
6556234.SQ.FTS.B
,
Zero
Cpn
,
10/05/24
..
2,502
1,969
6556561.SQ.FTS.B
,
Zero
Cpn
,
10/05/24
..
10,300
8,078
6560556.SQ.FTS.B
,
Zero
Cpn
,
10/06/24
..
607
395
6561534.SQ.FTS.B
,
Zero
Cpn
,
10/06/24
..
335
310
6561666.SQ.FTS.B
,
Zero
Cpn
,
10/06/24
..
147
91
6562377.SQ.FTS.B
,
Zero
Cpn
,
10/06/24
..
3,019
2,505
6564281.SQ.FTS.B
,
Zero
Cpn
,
10/07/24
..
2,210
1,767
6564615.SQ.FTS.B
,
Zero
Cpn
,
10/07/24
..
12,798
10,779
6565688.SQ.FTS.B
,
Zero
Cpn
,
10/07/24
..
2,001
1,483
6566576.SQ.FTS.B
,
Zero
Cpn
,
10/08/24
..
10,172
6,425
6566878.SQ.FTS.B
,
Zero
Cpn
,
10/08/24
..
1,335
835
6567114.SQ.FTS.B
,
Zero
Cpn
,
10/09/24
..
1,756
38
6567237.SQ.FTS.B
,
Zero
Cpn
,
10/09/24
..
18,447
445
6567779.SQ.FTS.B
,
Zero
Cpn
,
10/10/24
..
5,256
168
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)
6570553.SQ.FTS.B
,
Zero
Cpn
,
10/10/24
..
$
3,959
$
2,698
6570601.SQ.FTS.B
,
Zero
Cpn
,
10/10/24
..
155
112
6571593.SQ.FTS.B
,
Zero
Cpn
,
10/11/24
..
12,853
343
6574116.SQ.FTS.B
,
Zero
Cpn
,
10/11/24
..
1,449
24
6577574.SQ.FTS.B
,
Zero
Cpn
,
10/12/24
..
822
669
6577778.SQ.FTS.B
,
Zero
Cpn
,
10/12/24
..
1,990
1,761
6578011.SQ.FTS.B
,
Zero
Cpn
,
10/12/24
..
41
39
6579993.SQ.FTS.B
,
Zero
Cpn
,
10/13/24
..
1,594
898
6580594.SQ.FTS.B
,
Zero
Cpn
,
10/13/24
..
724
466
6581222.SQ.FTS.B
,
Zero
Cpn
,
10/13/24
..
596
46
6582526.SQ.FTS.B
,
Zero
Cpn
,
10/13/24
..
3,185
32
6584142.SQ.FTS.B
,
Zero
Cpn
,
10/14/24
..
497
12
6584354.SQ.FTS.B
,
Zero
Cpn
,
10/14/24
..
8,756
6,385
6585824.SQ.FTS.B
,
Zero
Cpn
,
10/14/24
..
948
200
6585989.SQ.FTS.B
,
Zero
Cpn
,
10/14/24
..
21,296
17,913
6586640.SQ.FTS.B
,
Zero
Cpn
,
10/15/24
..
775
566
6586702.SQ.FTS.B
,
Zero
Cpn
,
10/15/24
..
4,295
3,529
6586950.SQ.FTS.B
,
Zero
Cpn
,
10/15/24
..
2,293
2,161
6587169.SQ.FTS.B
,
Zero
Cpn
,
10/15/24
..
6,563
518
6587383.SQ.FTS.B
,
Zero
Cpn
,
10/16/24
..
549
8
6587407.SQ.FTS.B
,
Zero
Cpn
,
10/16/24
..
270
237
6587941.SQ.FTS.B
,
Zero
Cpn
,
10/16/24
..
1,363
861
6589887.SQ.FTS.B
,
Zero
Cpn
,
10/17/24
..
7,787
6,219
6590442.SQ.FTS.B
,
Zero
Cpn
,
10/17/24
..
10,462
238
6591293.SQ.FTS.B
,
Zero
Cpn
,
10/17/24
..
3,441
77
6591946.SQ.FTS.B
,
Zero
Cpn
,
10/18/24
..
10,484
6,914
6594291.SQ.FTS.B
,
Zero
Cpn
,
10/18/24
..
6,540
266
6598899.SQ.FTS.B
,
Zero
Cpn
,
10/20/24
..
6,856
225
6600675.SQ.FTS.B
,
Zero
Cpn
,
10/20/24
..
903
441
6601613.SQ.FTS.B
,
Zero
Cpn
,
10/20/24
..
562
456
6602728.SQ.FTS.B
,
Zero
Cpn
,
10/21/24
..
391
169
6602960.SQ.FTS.B
,
Zero
Cpn
,
10/21/24
..
2,073
1,228
6603476.SQ.FTS.B
,
Zero
Cpn
,
10/21/24
..
2,110
1,835
6604310.SQ.FTS.B
,
Zero
Cpn
,
10/21/24
..
799
515
6604448.SQ.FTS.B
,
Zero
Cpn
,
10/22/24
..
1,745
1,366
6604504.SQ.FTS.B
,
Zero
Cpn
,
10/22/24
..
453
21
6605771.SQ.FTS.B
,
Zero
Cpn
,
10/24/24
..
649
607
6607977.SQ.FTS.B
,
Zero
Cpn
,
10/24/24
..
1,603
23
6608828.SQ.FTS.B
,
Zero
Cpn
,
10/25/24
..
43,918
940
6609650.SQ.FTS.B
,
Zero
Cpn
,
10/25/24
..
3,654
2,068
6609985.SQ.FTS.B
,
Zero
Cpn
,
10/25/24
..
1,113
38
6611358.SQ.FTS.B
,
Zero
Cpn
,
10/25/24
..
1,314
739
6611828.SQ.FTS.B
,
Zero
Cpn
,
10/26/24
..
3,208
106
6614501.SQ.FTS.B
,
Zero
Cpn
,
10/26/24
..
5,293
3,186
6614889.SQ.FTS.B
,
Zero
Cpn
,
10/26/24
..
24
17
6614956.SQ.FTS.B
,
Zero
Cpn
,
10/26/24
..
3,077
88
6617184.SQ.FTS.B
,
Zero
Cpn
,
10/27/24
..
531
306
6618529.SQ.FTS.B
,
Zero
Cpn
,
10/27/24
..
1,336
620
6619927.SQ.FTS.B
,
Zero
Cpn
,
10/27/24
..
590
434
6620227.SQ.FTS.B
,
Zero
Cpn
,
10/27/24
..
26,251
584
6620476.SQ.FTS.B
,
Zero
Cpn
,
10/28/24
..
18,264
11,571
6621448.SQ.FTS.B
,
Zero
Cpn
,
10/28/24
..
17,488
6,455
6621778.SQ.FTS.B
,
Zero
Cpn
,
10/28/24
..
3,063
1,734
6624765.SQ.FTS.B
,
Zero
Cpn
,
10/29/24
..
7,023
154
6624855.SQ.FTS.B
,
Zero
Cpn
,
10/29/24
..
780
11
6624868.SQ.FTS.B
,
Zero
Cpn
,
10/30/24
..
539
417
6624896.SQ.FTS.B
,
Zero
Cpn
,
10/30/24
..
9,039
3,692
6625228.SQ.FTS.B
,
Zero
Cpn
,
10/30/24
..
281
232
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6626390.SQ.FTS.B
,
Zero
Cpn
,
11/01/24
..
$
10,527
$
645
6628718.SQ.FTS.B
,
Zero
Cpn
,
11/01/24
..
5,279
1,773
6630658.SQ.FTS.B
,
Zero
Cpn
,
11/02/24
..
2,095
1,412
6631472.SQ.FTS.B
,
Zero
Cpn
,
11/02/24
..
3,298
53
6632572.SQ.FTS.B
,
Zero
Cpn
,
11/02/24
..
4,959
99
6634349.SQ.FTS.B
,
Zero
Cpn
,
11/03/24
..
318
254
6634481.SQ.FTS.B
,
Zero
Cpn
,
11/03/24
..
3,060
48
6635700.SQ.FTS.B
,
Zero
Cpn
,
11/03/24
..
33
25
6635881.SQ.FTS.B
,
Zero
Cpn
,
11/03/24
..
7,943
7,384
6639552.SQ.FTS.B
,
Zero
Cpn
,
11/04/24
..
249
70
6641178.SQ.FTS.B
,
Zero
Cpn
,
11/04/24
..
3,481
1,559
6643477.SQ.FTS.B
,
Zero
Cpn
,
11/05/24
..
98
86
6643579.SQ.FTS.B
,
Zero
Cpn
,
11/05/24
..
7,884
5,809
6643825.SQ.FTS.B
,
Zero
Cpn
,
11/05/24
..
678
586
6643893.SQ.FTS.B
,
Zero
Cpn
,
11/05/24
..
2,142
1,566
6644138.SQ.FTS.B
,
Zero
Cpn
,
11/05/24
..
1,010
20
6644613.SQ.FTS.B
,
Zero
Cpn
,
11/06/24
..
3,664
3,363
6644920.SQ.FTS.B
,
Zero
Cpn
,
11/06/24
..
6,145
4,862
6645397.SQ.FTS.B
,
Zero
Cpn
,
11/07/24
..
3,532
118
6646778.SQ.FTS.B
,
Zero
Cpn
,
11/08/24
..
6,185
3,522
6647657.SQ.FTS.B
,
Zero
Cpn
,
11/08/24
..
7,511
5,196
6648861.SQ.FTS.B
,
Zero
Cpn
,
11/08/24
..
695
634
6649272.SQ.FTS.B
,
Zero
Cpn
,
11/08/24
..
618
35
6649665.SQ.FTS.B
,
Zero
Cpn
,
11/09/24
..
4,414
333
6649776.SQ.FTS.B
,
Zero
Cpn
,
11/09/24
..
81
81
6650257.SQ.FTS.B
,
Zero
Cpn
,
11/09/24
..
1,322
918
6650321.SQ.FTS.B
,
Zero
Cpn
,
11/09/24
..
442
330
6650854.SQ.FTS.B
,
Zero
Cpn
,
11/09/24
..
6,243
4,416
6651260.SQ.FTS.B
,
Zero
Cpn
,
11/09/24
..
1,045
673
6653616.SQ.FTS.B
,
Zero
Cpn
,
11/10/24
..
1,792
1,068
6659749.SQ.FTS.B
,
Zero
Cpn
,
11/11/24
..
306
284
6660080.SQ.FTS.B
,
Zero
Cpn
,
11/11/24
..
2,232
1,871
6661552.SQ.FTS.B
,
Zero
Cpn
,
11/11/24
..
435
134
6661884.SQ.FTS.B
,
Zero
Cpn
,
11/12/24
..
1,520
1,087
6662406.SQ.FTS.B
,
Zero
Cpn
,
11/12/24
..
2,887
2,092
6662990.SQ.FTS.B
,
Zero
Cpn
,
11/12/24
..
3,986
2,550
6665054.SQ.FTS.B
,
Zero
Cpn
,
11/13/24
..
4,567
3,328
6666123.SQ.FTS.B
,
Zero
Cpn
,
11/14/24
..
575
536
6666962.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
1,002
924
6667860.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
3,182
2,235
6668833.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
4,327
78
6668965.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
1,636
1,432
6669152.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
25,018
511
6669469.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
479
439
6671137.SQ.FTS.B
,
Zero
Cpn
,
11/16/24
..
3,947
1,207
6671669.SQ.FTS.B
,
Zero
Cpn
,
11/16/24
..
976
735
6671850.SQ.FTS.B
,
Zero
Cpn
,
11/16/24
..
317
260
6672511.SQ.FTS.B
,
Zero
Cpn
,
11/16/24
..
1,639
1,071
6673873.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
160
148
6674075.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
1,822
1,619
6674450.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
18,581
340
6675615.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
2,303
498
6676101.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
519
390
6676189.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
6,753
4,606
6676382.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
3,456
775
6676531.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
741
481
6676632.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
3,018
2,799
6678791.SQ.FTS.B
,
Zero
Cpn
,
11/18/24
..
2,789
2,072
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)
6680294.SQ.FTS.B
,
Zero
Cpn
,
11/18/24
..
$
4,137
$
3,153
6681781.SQ.FTS.B
,
Zero
Cpn
,
11/19/24
..
6,908
136
6682115.SQ.FTS.B
,
Zero
Cpn
,
11/19/24
..
424
336
6682727.SQ.FTS.B
,
Zero
Cpn
,
11/19/24
..
5,701
3,848
6685005.SQ.FTS.B
,
Zero
Cpn
,
11/20/24
..
3,774
3,476
6685214.SQ.FTS.B
,
Zero
Cpn
,
11/20/24
..
852
615
6685517.SQ.FTS.B
,
Zero
Cpn
,
11/20/24
..
885
577
6686240.SQ.FTS.B
,
Zero
Cpn
,
11/21/24
..
1,229
847
6688197.SQ.FTS.B
,
Zero
Cpn
,
11/22/24
..
5,403
71
6688428.SQ.FTS.B
,
Zero
Cpn
,
11/22/24
..
12,630
12,443
6690132.SQ.FTS.B
,
Zero
Cpn
,
11/23/24
..
148
53
6690218.SQ.FTS.B
,
Zero
Cpn
,
11/23/24
..
754
506
6690981.SQ.FTS.B
,
Zero
Cpn
,
11/23/24
..
390
356
6691020.SQ.FTS.B
,
Zero
Cpn
,
11/23/24
..
1,590
1,513
6691756.SQ.FTS.B
,
Zero
Cpn
,
11/23/24
..
6,543
1,752
6692484.SQ.FTS.B
,
Zero
Cpn
,
11/23/24
..
219
216
6694527.SQ.FTS.B
,
Zero
Cpn
,
11/24/24
..
6,422
4,061
6694630.SQ.FTS.B
,
Zero
Cpn
,
11/24/24
..
224
222
6696188.SQ.FTS.B
,
Zero
Cpn
,
11/24/24
..
5,514
3,945
6696314.SQ.FTS.B
,
Zero
Cpn
,
11/24/24
..
4,176
1,368
6699794.SQ.FTS.B
,
Zero
Cpn
,
11/25/24
..
1,512
1,395
6699920.SQ.FTS.B
,
Zero
Cpn
,
11/25/24
..
1,128
966
6701036.SQ.FTS.B
,
Zero
Cpn
,
11/25/24
..
667
563
6701550.SQ.FTS.B
,
Zero
Cpn
,
11/25/24
..
1,306
650
6704732.SQ.FTS.B
,
Zero
Cpn
,
11/26/24
..
4,381
2,601
6704916.SQ.FTS.B
,
Zero
Cpn
,
11/26/24
..
873
769
6705288.SQ.FTS.B
,
Zero
Cpn
,
11/26/24
..
1,013
25
6705352.SQ.FTS.B
,
Zero
Cpn
,
11/26/24
..
1,104
937
6706359.SQ.FTS.B
,
Zero
Cpn
,
11/26/24
..
3,713
2,669
6706486.SQ.FTS.B
,
Zero
Cpn
,
11/26/24
..
1,318
45
6706540.SQ.FTS.B
,
Zero
Cpn
,
11/26/24
..
5,215
1,471
6707571.SQ.FTS.B
,
Zero
Cpn
,
11/27/24
..
3,839
2,156
6708020.SQ.FTS.B
,
Zero
Cpn
,
11/28/24
..
1,890
1,367
6708125.SQ.FTS.B
,
Zero
Cpn
,
11/28/24
..
1,147
16
6708420.SQ.FTS.B
,
Zero
Cpn
,
11/28/24
..
3,961
2,592
6709200.SQ.FTS.B
,
Zero
Cpn
,
11/29/24
..
2,318
127
6709223.SQ.FTS.B
,
Zero
Cpn
,
11/29/24
..
588
527
6713470.SQ.FTS.B
,
Zero
Cpn
,
11/30/24
..
4,482
4,267
6718091.SQ.FTS.B
,
Zero
Cpn
,
12/01/24
..
504
470
6718991.SQ.FTS.B
,
Zero
Cpn
,
12/01/24
..
828
766
6719031.SQ.FTS.B
,
Zero
Cpn
,
12/01/24
..
128
91
6724467.SQ.FTS.B
,
Zero
Cpn
,
12/02/24
..
15
13
6725901.SQ.FTS.B
,
Zero
Cpn
,
12/03/24
..
293
218
6726169.SQ.FTS.B
,
Zero
Cpn
,
12/04/24
..
1,167
917
6726480.SQ.FTS.B
,
Zero
Cpn
,
12/04/24
..
36
25
6728467.SQ.FTS.B
,
Zero
Cpn
,
12/05/24
..
463
320
6728590.SQ.FTS.B
,
Zero
Cpn
,
12/05/24
..
2,208
923
6728699.SQ.FTS.B
,
Zero
Cpn
,
12/05/24
..
2,991
2,909
6729839.SQ.FTS.B
,
Zero
Cpn
,
12/05/24
..
18,147
329
6731412.SQ.FTS.B
,
Zero
Cpn
,
12/06/24
..
769
670
6731578.SQ.FTS.B
,
Zero
Cpn
,
12/06/24
..
11,760
172
6731737.SQ.FTS.B
,
Zero
Cpn
,
12/06/24
..
465
195
6733026.SQ.FTS.B
,
Zero
Cpn
,
12/06/24
..
13,883
13,000
6733804.SQ.FTS.B
,
Zero
Cpn
,
12/07/24
..
1,998
1,290
6736022.SQ.FTS.B
,
Zero
Cpn
,
12/07/24
..
2,969
1,721
6736828.SQ.FTS.B
,
Zero
Cpn
,
12/07/24
..
10,788
9,983
6740954.SQ.FTS.B
,
Zero
Cpn
,
12/08/24
..
7,815
4,683
6742781.SQ.FTS.B
,
Zero
Cpn
,
12/08/24
..
322
44
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6742798.SQ.FTS.B
,
Zero
Cpn
,
12/08/24
..
$
2,819
$
2,540
6745196.SQ.FTS.B
,
Zero
Cpn
,
12/09/24
..
26,832
23,448
6746997.SQ.FTS.B
,
Zero
Cpn
,
12/10/24
..
2,873
2,849
6747609.SQ.FTS.B
,
Zero
Cpn
,
12/11/24
..
540
376
6747666.SQ.FTS.B
,
Zero
Cpn
,
12/11/24
..
486
194
6749060.SQ.FTS.B
,
Zero
Cpn
,
12/12/24
..
13
13
6749086.SQ.FTS.B
,
Zero
Cpn
,
12/12/24
..
2,697
2,276
6752687.SQ.FTS.B
,
Zero
Cpn
,
12/13/24
..
1,283
1,239
6753268.SQ.FTS.B
,
Zero
Cpn
,
12/13/24
..
327
326
6753526.SQ.FTS.B
,
Zero
Cpn
,
12/13/24
..
5,887
441
6754482.SQ.FTS.B
,
Zero
Cpn
,
12/13/24
..
10,679
8,362
6755029.SQ.FTS.B
,
Zero
Cpn
,
12/13/24
..
5,400
4,256
6757880.SQ.FTS.B
,
Zero
Cpn
,
12/14/24
..
912
865
6757994.SQ.FTS.B
,
Zero
Cpn
,
12/14/24
..
371
363
6762066.SQ.FTS.B
,
Zero
Cpn
,
12/15/24
..
2,676
2,413
6762927.SQ.FTS.B
,
Zero
Cpn
,
12/15/24
..
1,084
168
6764204.SQ.FTS.B
,
Zero
Cpn
,
12/15/24
..
387
340
6764422.SQ.FTS.B
,
Zero
Cpn
,
12/15/24
..
842
496
6764876.SQ.FTS.B
,
Zero
Cpn
,
12/15/24
..
4,050
3,097
6765340.SQ.FTS.B
,
Zero
Cpn
,
12/15/24
..
8,673
6,178
6766577.SQ.FTS.B
,
Zero
Cpn
,
12/16/24
..
438
143
6767251.SQ.FTS.B
,
Zero
Cpn
,
12/16/24
..
441
317
6767536.SQ.FTS.B
,
Zero
Cpn
,
12/16/24
..
17,548
8,539
6767980.SQ.FTS.B
,
Zero
Cpn
,
12/16/24
..
6,752
4,133
6768384.SQ.FTS.B
,
Zero
Cpn
,
12/16/24
..
1,262
898
6768404.SQ.FTS.B
,
Zero
Cpn
,
12/16/24
..
8,593
7,267
6769991.SQ.FTS.B
,
Zero
Cpn
,
12/18/24
..
9,495
3,418
6770557.SQ.FTS.B
,
Zero
Cpn
,
12/19/24
..
3,182
3,022
6771103.SQ.FTS.B
,
Zero
Cpn
,
12/19/24
..
2,601
1,551
6771253.SQ.FTS.B
,
Zero
Cpn
,
12/19/24
..
4,761
59
6772401.SQ.FTS.B
,
Zero
Cpn
,
12/20/24
..
909
675
6773596.SQ.FTS.B
,
Zero
Cpn
,
12/20/24
..
5,349
3,679
6774547.SQ.FTS.B
,
Zero
Cpn
,
12/20/24
..
88
76
6776064.SQ.FTS.B
,
Zero
Cpn
,
12/21/24
..
50,009
31,050
6777013.SQ.FTS.B
,
Zero
Cpn
,
12/21/24
..
1,075
523
6777037.SQ.FTS.B
,
Zero
Cpn
,
12/21/24
..
1,896
37
6777288.SQ.FTS.B
,
Zero
Cpn
,
12/21/24
..
19,254
257
6777417.SQ.FTS.B
,
Zero
Cpn
,
12/21/24
..
1,723
826
6777625.SQ.FTS.B
,
Zero
Cpn
,
12/21/24
..
7,904
2,886
6779586.SQ.FTS.B
,
Zero
Cpn
,
12/22/24
..
2,249
2,078
6780703.SQ.FTS.B
,
Zero
Cpn
,
12/22/24
..
322
278
6781242.SQ.FTS.B
,
Zero
Cpn
,
12/22/24
..
1,457
29
6781732.SQ.FTS.B
,
Zero
Cpn
,
12/22/24
..
569
540
6782856.SQ.FTS.B
,
Zero
Cpn
,
12/22/24
..
1,756
638
6785072.SQ.FTS.B
,
Zero
Cpn
,
12/23/24
..
1,478
311
6785551.SQ.FTS.B
,
Zero
Cpn
,
12/23/24
..
1,563
211
6786228.SQ.FTS.B
,
Zero
Cpn
,
12/24/24
..
217
132
6786832.SQ.FTS.B
,
Zero
Cpn
,
12/25/24
..
3,549
1,250
6788053.SQ.FTS.B
,
Zero
Cpn
,
12/26/24
..
1,148
798
6792201.SQ.FTS.B
,
Zero
Cpn
,
12/27/24
..
9,834
6,305
6793520.SQ.FTS.B
,
Zero
Cpn
,
12/27/24
..
671
627
6793965.SQ.FTS.B
,
Zero
Cpn
,
12/27/24
..
3,118
1,689
6794934.SQ.FTS.B
,
Zero
Cpn
,
12/27/24
..
121
113
6795958.SQ.FTS.B
,
Zero
Cpn
,
12/28/24
..
2,450
1,931
6796712.SQ.FTS.B
,
Zero
Cpn
,
12/28/24
..
326
238
6796725.SQ.FTS.B
,
Zero
Cpn
,
12/28/24
..
13,083
7,056
6796927.SQ.FTS.B
,
Zero
Cpn
,
12/28/24
..
3,535
2,522
6797012.SQ.FTS.B
,
Zero
Cpn
,
12/28/24
..
212
179
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)
6797317.SQ.FTS.B
,
Zero
Cpn
,
12/28/24
..
$
2,422
$
71
6797907.SQ.FTS.B
,
Zero
Cpn
,
12/28/24
..
390
390
6800482.SQ.FTS.B
,
Zero
Cpn
,
12/29/24
..
79
75
6802055.SQ.FTS.B
,
Zero
Cpn
,
12/29/24
..
1,275
1,256
6805679.SQ.FTS.B
,
Zero
Cpn
,
12/30/24
..
3,222
2,385
6806067.SQ.FTS.B
,
Zero
Cpn
,
12/30/24
..
378
324
6808132.SQ.FTS.B
,
Zero
Cpn
,
1/01/25
...
3,093
1,097
6808192.SQ.FTS.B
,
Zero
Cpn
,
1/01/25
...
663
553
6808881.SQ.FTS.B
,
Zero
Cpn
,
1/01/25
...
1,594
1,289
6808922.SQ.FTS.B
,
Zero
Cpn
,
1/01/25
...
433
412
6809193.SQ.FTS.B
,
Zero
Cpn
,
1/02/25
...
1,958
1,902
6809350.SQ.FTS.B
,
Zero
Cpn
,
1/02/25
...
315
276
6809375.SQ.FTS.B
,
Zero
Cpn
,
1/02/25
...
751
500
6809388.SQ.FTS.B
,
Zero
Cpn
,
1/02/25
...
2,228
1,951
6809469.SQ.FTS.B
,
Zero
Cpn
,
1/02/25
...
1,388
1,224
6809576.SQ.FTS.B
,
Zero
Cpn
,
1/02/25
...
817
540
6811328.SQ.FTS.B
,
Zero
Cpn
,
1/03/25
...
4,328
4,270
6812340.SQ.FTS.B
,
Zero
Cpn
,
1/03/25
...
1,299
1,149
6813004.SQ.FTS.B
,
Zero
Cpn
,
1/03/25
...
388
385
6813242.SQ.FTS.B
,
Zero
Cpn
,
1/04/25
...
4,341
88
6813428.SQ.FTS.B
,
Zero
Cpn
,
1/04/25
...
1,139
1,009
6813899.SQ.FTS.B
,
Zero
Cpn
,
1/04/25
...
3,839
2,778
6815496.SQ.FTS.B
,
Zero
Cpn
,
1/05/25
...
23,295
20,297
6816661.SQ.FTS.B
,
Zero
Cpn
,
1/05/25
...
8,210
3,754
6819930.SQ.FTS.B
,
Zero
Cpn
,
1/06/25
...
492
490
6820797.SQ.FTS.B
,
Zero
Cpn
,
1/06/25
...
3,078
2,481
6821264.SQ.FTS.B
,
Zero
Cpn
,
1/06/25
...
16,586
13,727
6822545.SQ.FTS.B
,
Zero
Cpn
,
1/07/25
...
6,114
5,906
6823299.SQ.FTS.B
,
Zero
Cpn
,
1/07/25
...
394
143
6825415.SQ.FTS.B
,
Zero
Cpn
,
1/07/25
...
1,278
1,053
6826212.SQ.FTS.B
,
Zero
Cpn
,
1/08/25
...
9,199
6,805
6826739.SQ.FTS.B
,
Zero
Cpn
,
1/09/25
...
301
301
6826864.SQ.FTS.B
,
Zero
Cpn
,
1/09/25
...
1,821
1,785
6826936.SQ.FTS.B
,
Zero
Cpn
,
1/09/25
...
1,274
178
6826954.SQ.FTS.B
,
Zero
Cpn
,
1/09/25
...
148
141
6827188.SQ.FTS.B
,
Zero
Cpn
,
1/09/25
...
557
319
6828179.SQ.FTS.B
,
Zero
Cpn
,
1/10/25
...
916
855
6828951.SQ.FTS.B
,
Zero
Cpn
,
1/10/25
...
5,220
3,768
6829291.SQ.FTS.B
,
Zero
Cpn
,
1/10/25
...
13,368
2,099
6830230.SQ.FTS.B
,
Zero
Cpn
,
1/10/25
...
1,964
1,613
6832254.SQ.FTS.B
,
Zero
Cpn
,
1/11/25
...
78
68
6832385.SQ.FTS.B
,
Zero
Cpn
,
1/11/25
...
9,681
6,966
6832657.SQ.FTS.B
,
Zero
Cpn
,
1/11/25
...
1,829
1,688
6835083.SQ.FTS.B
,
Zero
Cpn
,
1/12/25
...
1,571
1,480
6839017.SQ.FTS.B
,
Zero
Cpn
,
1/13/25
...
512
265
6839397.SQ.FTS.B
,
Zero
Cpn
,
1/13/25
...
361
345
6842174.SQ.FTS.B
,
Zero
Cpn
,
1/14/25
...
1,826
1,788
6842467.SQ.FTS.B
,
Zero
Cpn
,
1/14/25
...
1,699
1,366
6842903.SQ.FTS.B
,
Zero
Cpn
,
1/14/25
...
1,463
1,442
6844326.SQ.FTS.B
,
Zero
Cpn
,
1/14/25
...
267
216
6844499.SQ.FTS.B
,
Zero
Cpn
,
1/14/25
...
249
238
6847031.SQ.FTS.B
,
Zero
Cpn
,
1/17/25
...
101
99
6849472.SQ.FTS.B
,
Zero
Cpn
,
1/17/25
...
3,786
2,262
6850861.SQ.FTS.B
,
Zero
Cpn
,
1/18/25
...
2,056
1,830
6850978.SQ.FTS.B
,
Zero
Cpn
,
1/18/25
...
2,911
2,799
6852669.SQ.FTS.B
,
Zero
Cpn
,
1/18/25
...
555
534
6852998.SQ.FTS.B
,
Zero
Cpn
,
1/18/25
...
884
877
6853138.SQ.FTS.B
,
Zero
Cpn
,
1/18/25
...
1,485
1,308
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6853678.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
$
4,528
$
41
6854061.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
1,548
30
6854113.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
243
198
6854255.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
169
161
6854334.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
569
506
6854785.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
3,792
3,051
6854897.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
1,739
1,489
6854996.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
2,791
2,158
6855299.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
11,096
10,463
6855976.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
544
542
6856361.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
61
55
6856451.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
3,256
2,606
6858854.SQ.FTS.B
,
Zero
Cpn
,
1/20/25
...
8,486
2,823
6860713.SQ.FTS.B
,
Zero
Cpn
,
1/20/25
...
4,164
47
6860765.SQ.FTS.B
,
Zero
Cpn
,
1/20/25
...
6,489
1,180
6861610.SQ.FTS.B
,
Zero
Cpn
,
1/21/25
...
11,452
7,164
6862726.SQ.FTS.B
,
Zero
Cpn
,
1/21/25
...
3,303
891
6864433.SQ.FTS.B
,
Zero
Cpn
,
1/21/25
...
2,498
2,263
6865330.SQ.FTS.B
,
Zero
Cpn
,
1/23/25
...
1,520
960
6865580.SQ.FTS.B
,
Zero
Cpn
,
1/23/25
...
1,529
1,064
6867081.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
656
653
6867593.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
527
505
6867756.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
1,352
134
6868199.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
345
309
6868681.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
975
240
6868707.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
959
20
6868733.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
555
536
6869320.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
369
360
6869416.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
2,790
2,226
6871309.SQ.FTS.B
,
Zero
Cpn
,
1/25/25
...
1,693
36
6872268.SQ.FTS.B
,
Zero
Cpn
,
1/25/25
...
2,407
1,789
6872995.SQ.FTS.B
,
Zero
Cpn
,
1/26/25
...
91
85
6873357.SQ.FTS.B
,
Zero
Cpn
,
1/26/25
...
521
485
6874546.SQ.FTS.B
,
Zero
Cpn
,
1/26/25
...
1,890
1,585
6874599.SQ.FTS.B
,
Zero
Cpn
,
1/26/25
...
1,262
1,255
6874785.SQ.FTS.B
,
Zero
Cpn
,
1/26/25
...
2,702
466
6878099.SQ.FTS.B
,
Zero
Cpn
,
1/27/25
...
2,207
2,014
6878988.SQ.FTS.B
,
Zero
Cpn
,
1/27/25
...
31,652
400
6879546.SQ.FTS.B
,
Zero
Cpn
,
1/27/25
...
670
385
6879563.SQ.FTS.B
,
Zero
Cpn
,
1/27/25
...
90
90
6879790.SQ.FTS.B
,
Zero
Cpn
,
1/27/25
...
4,028
3,074
6879981.SQ.FTS.B
,
Zero
Cpn
,
1/27/25
...
1,711
1,678
6880076.SQ.FTS.B
,
Zero
Cpn
,
1/27/25
...
259
257
6881428.SQ.FTS.B
,
Zero
Cpn
,
1/28/25
...
1,872
1,418
6884806.SQ.FTS.B
,
Zero
Cpn
,
1/30/25
...
382
162
6885061.SQ.FTS.B
,
Zero
Cpn
,
1/30/25
...
13,984
315
6886565.SQ.FTS.B
,
Zero
Cpn
,
1/31/25
...
1,083
1,065
6886999.SQ.FTS.B
,
Zero
Cpn
,
1/31/25
...
714
169
6887251.SQ.FTS.B
,
Zero
Cpn
,
1/31/25
...
720
717
6887861.SQ.FTS.B
,
Zero
Cpn
,
1/31/25
...
2,571
1,069
6887999.SQ.FTS.B
,
Zero
Cpn
,
1/31/25
...
717
709
6888509.SQ.FTS.B
,
Zero
Cpn
,
1/31/25
...
2,816
60
6888564.SQ.FTS.B
,
Zero
Cpn
,
1/31/25
...
3,048
2,524
6890477.SQ.FTS.B
,
Zero
Cpn
,
2/01/25
...
298
297
6890590.SQ.FTS.B
,
Zero
Cpn
,
2/01/25
...
1,921
1,553
6890782.SQ.FTS.B
,
Zero
Cpn
,
2/01/25
...
10,637
5,955
6892586.SQ.FTS.B
,
Zero
Cpn
,
2/01/25
...
764
704
6892716.SQ.FTS.B
,
Zero
Cpn
,
2/02/25
...
15,393
3,011
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)
6893064.SQ.FTS.B
,
Zero
Cpn
,
2/02/25
...
$
7,670
$
5,207
6893424.SQ.FTS.B
,
Zero
Cpn
,
2/02/25
...
169
156
6893482.SQ.FTS.B
,
Zero
Cpn
,
2/02/25
...
3,390
58
6893542.SQ.FTS.B
,
Zero
Cpn
,
2/02/25
...
6,845
5,615
6893818.SQ.FTS.B
,
Zero
Cpn
,
2/02/25
...
759
724
6894291.SQ.FTS.B
,
Zero
Cpn
,
2/02/25
...
756
280
6895735.SQ.FTS.B
,
Zero
Cpn
,
2/02/25
...
2,127
1,693
6897991.SQ.FTS.B
,
Zero
Cpn
,
2/03/25
...
6,341
4,887
6901545.SQ.FTS.B
,
Zero
Cpn
,
2/04/25
...
834
820
6901684.SQ.FTS.B
,
Zero
Cpn
,
2/04/25
...
2,747
1,942
6903390.SQ.FTS.B
,
Zero
Cpn
,
2/04/25
...
6,892
2,039
6903487.SQ.FTS.B
,
Zero
Cpn
,
2/04/25
...
10,505
4,494
6905266.SQ.FTS.B
,
Zero
Cpn
,
2/06/25
...
3,942
3,696
6905534.SQ.FTS.B
,
Zero
Cpn
,
2/06/25
...
3,167
983
6906251.SQ.FTS.B
,
Zero
Cpn
,
2/07/25
...
963
939
6906391.SQ.FTS.B
,
Zero
Cpn
,
2/07/25
...
1,956
1,208
6906833.SQ.FTS.B
,
Zero
Cpn
,
2/07/25
...
2,682
2,401
6906964.SQ.FTS.B
,
Zero
Cpn
,
2/07/25
...
2,275
1,699
6907610.SQ.FTS.B
,
Zero
Cpn
,
2/07/25
...
2,885
2,434
6909253.SQ.FTS.B
,
Zero
Cpn
,
2/08/25
...
1,271
668
6910351.SQ.FTS.B
,
Zero
Cpn
,
2/08/25
...
5,055
4,190
6910689.SQ.FTS.B
,
Zero
Cpn
,
2/08/25
...
4,727
4,582
6911238.SQ.FTS.B
,
Zero
Cpn
,
2/08/25
...
9,744
6,392
6912511.SQ.FTS.B
,
Zero
Cpn
,
2/09/25
...
14,240
10,707
6913367.SQ.FTS.B
,
Zero
Cpn
,
2/09/25
...
410
372
6914328.SQ.FTS.B
,
Zero
Cpn
,
2/09/25
...
12,069
11,560
6916843.SQ.FTS.B
,
Zero
Cpn
,
2/10/25
...
4,830
98
6916953.SQ.FTS.B
,
Zero
Cpn
,
2/10/25
...
525
517
6917870.SQ.FTS.B
,
Zero
Cpn
,
2/10/25
...
6,970
5,570
6918575.SQ.FTS.B
,
Zero
Cpn
,
2/10/25
...
1,968
1,564
6918684.SQ.FTS.B
,
Zero
Cpn
,
2/10/25
...
41,418
26,772
6919469.SQ.FTS.B
,
Zero
Cpn
,
2/11/25
...
11,944
9,193
6919873.SQ.FTS.B
,
Zero
Cpn
,
2/11/25
...
5,491
4,647
6920001.SQ.FTS.B
,
Zero
Cpn
,
2/11/25
...
3,134
2,876
6920256.SQ.FTS.B
,
Zero
Cpn
,
2/11/25
...
9,169
671
6920356.SQ.FTS.B
,
Zero
Cpn
,
2/11/25
...
1,139
333
6922099.SQ.FTS.B
,
Zero
Cpn
,
2/14/25
...
2,419
2,404
6922314.SQ.FTS.B
,
Zero
Cpn
,
2/14/25
...
14,464
4,501
6922498.SQ.FTS.B
,
Zero
Cpn
,
2/14/25
...
2,253
2,228
6923071.SQ.FTS.B
,
Zero
Cpn
,
2/14/25
...
12,635
12,383
6933461.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
1,081
955
6933547.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
114
111
6933764.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
1,533
1,517
6935097.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
2,181
1,932
6935560.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
1,794
1,269
6936381.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
1,457
1,443
6936445.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
9,168
6,108
6936577.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
10,124
8,075
6936776.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
2,331
1,779
6936803.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
1,787
1,732
6937020.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
3,007
2,842
6937687.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
381
378
6938046.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
3,151
2,853
6938129.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
818
290
6938227.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
1,407
1,322
6938674.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
1,251
1,238
6939214.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
728
720
6939265.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
1,916
1,805
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6939388.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
$
1,384
$
1,215
6941002.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
1,172
1,116
6941070.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
542
339
6941280.SQ.FTS.B
,
Zero
Cpn
,
2/19/25
...
1,029
16
6941294.SQ.FTS.B
,
Zero
Cpn
,
2/19/25
...
4,003
275
6941360.SQ.FTS.B
,
Zero
Cpn
,
2/19/25
...
1,046
1,035
6941439.SQ.FTS.B
,
Zero
Cpn
,
2/19/25
...
4,417
3,538
6941545.SQ.FTS.B
,
Zero
Cpn
,
2/19/25
...
3,472
73
6942187.SQ.FTS.B
,
Zero
Cpn
,
2/20/25
...
2,732
92
6942465.SQ.FTS.B
,
Zero
Cpn
,
2/20/25
...
3,023
2,129
6943108.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
2,626
1,385
6943225.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
1,262
1,235
6944003.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
2,951
2,582
6944071.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
4,840
2,255
6944390.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
2,510
539
6944466.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
887
818
6944504.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
13,026
11,051
6946056.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
8,097
7,819
6946823.SQ.FTS.B
,
Zero
Cpn
,
2/22/25
...
3,106
2,117
6948222.SQ.FTS.B
,
Zero
Cpn
,
2/22/25
...
16,460
15,819
6949328.SQ.FTS.B
,
Zero
Cpn
,
2/22/25
...
5,721
97
6950351.SQ.FTS.B
,
Zero
Cpn
,
2/23/25
...
12,854
12,551
6952811.SQ.FTS.B
,
Zero
Cpn
,
2/23/25
...
6,742
6,147
6955514.SQ.FTS.B
,
Zero
Cpn
,
2/24/25
...
2,695
1,490
6955588.SQ.FTS.B
,
Zero
Cpn
,
2/24/25
...
1,369
1,108
6955667.SQ.FTS.B
,
Zero
Cpn
,
2/24/25
...
1,822
1,424
6957156.SQ.FTS.B
,
Zero
Cpn
,
2/24/25
...
681
169
6957334.SQ.FTS.B
,
Zero
Cpn
,
2/24/25
...
596
220
6957595.SQ.FTS.B
,
Zero
Cpn
,
2/24/25
...
2,541
42
6957679.SQ.FTS.B
,
Zero
Cpn
,
2/24/25
...
6,927
6,804
6958313.SQ.FTS.B
,
Zero
Cpn
,
2/24/25
...
723
720
6958559.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
20,008
9,803
6959245.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
4,535
4,494
6960597.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
927
409
6960629.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
3,615
3,178
6960759.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
3,595
3,433
6961528.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
1,135
800
6961761.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
4,845
3,334
6962075.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
391
178
6962083.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
10,414
9,008
6963451.SQ.FTS.B
,
Zero
Cpn
,
2/27/25
...
1,876
502
6963666.SQ.FTS.B
,
Zero
Cpn
,
2/27/25
...
4,420
4,291
6964024.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,200
1,140
6964280.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
451
445
6964622.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
2,530
717
6964669.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
205
195
6964955.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,048
753
6965159.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
7,508
135
6965565.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
3,631
3,381
6965888.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
10,011
1,321
6966676.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
2,519
2,323
6966807.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
14,201
6,822
6967002.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
2,951
2,874
6967265.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
25,733
13,872
6968625.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,299
1,290
6969213.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,468
1,327
6969623.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
258
238
6969701.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
11,360
3,309
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)
6970303.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
$
1,711
$
1,255
6970317.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
762
748
6971200.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
5,262
4,312
6971273.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,156
881
6971330.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
383
380
6971476.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
457
455
6972507.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
858
850
6972626.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,236
1,226
6973287.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,241
1,195
6973457.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
383
251
6973499.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
495
452
6973530.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,364
818
6973782.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
4,373
4,141
6974095.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,992
1,972
6977593.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,013
929
6977822.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
861
855
6977932.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,435
30
6979187.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
22,254
21,647
6979980.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
592
590
6980139.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
4,062
2,425
6980213.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
666
646
6981429.SQ.FTS.B
,
Zero
Cpn
,
3/01/25
...
2,148
2,115
6982274.SQ.FTS.B
,
Zero
Cpn
,
3/01/25
...
1,804
1,773
6982590.SQ.FTS.B
,
Zero
Cpn
,
3/01/25
...
1,013
1,006
6982903.SQ.FTS.B
,
Zero
Cpn
,
3/01/25
...
3,122
2,541
6983671.SQ.FTS.B
,
Zero
Cpn
,
3/01/25
...
5,611
64
6983938.SQ.FTS.B
,
Zero
Cpn
,
3/01/25
...
7,397
7,002
6984186.SQ.FTS.B
,
Zero
Cpn
,
3/01/25
...
432
269
6985204.SQ.FTS.B
,
Zero
Cpn
,
3/02/25
...
527
502
6985220.SQ.FTS.B
,
Zero
Cpn
,
3/02/25
...
458
96
6985229.SQ.FTS.B
,
Zero
Cpn
,
3/02/25
...
620
469
6985273.SQ.FTS.B
,
Zero
Cpn
,
3/02/25
...
2,967
1,056
6985777.SQ.FTS.B
,
Zero
Cpn
,
3/03/25
...
755
28
6985787.SQ.FTS.B
,
Zero
Cpn
,
3/03/25
...
2,676
2,590
6985983.SQ.FTS.B
,
Zero
Cpn
,
3/03/25
...
66
66
6986211.SQ.FTS.B
,
Zero
Cpn
,
3/03/25
...
2,111
1,211
6986260.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
1,392
1,145
6986732.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
1,374
1,244
6986779.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
3,920
3,051
6986883.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
1,333
1,320
6987193.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
1,510
1,477
6987677.SQ.FTS.B
,
Zero
Cpn
,
3/05/25
...
386
229
6988972.SQ.FTS.B
,
Zero
Cpn
,
3/05/25
...
1,641
1,323
6989032.SQ.FTS.B
,
Zero
Cpn
,
3/05/25
...
3,155
3,083
6989985.SQ.FTS.B
,
Zero
Cpn
,
3/05/25
...
419
369
6990296.SQ.FTS.B
,
Zero
Cpn
,
3/05/25
...
6,478
3,958
6990348.SQ.FTS.B
,
Zero
Cpn
,
3/05/25
...
1,899
1,532
6990727.SQ.FTS.B
,
Zero
Cpn
,
3/06/25
...
7,720
7,531
6991196.SQ.FTS.B
,
Zero
Cpn
,
3/06/25
...
8,279
132
6991595.SQ.FTS.B
,
Zero
Cpn
,
3/06/25
...
5,054
90
6992374.SQ.FTS.B
,
Zero
Cpn
,
3/06/25
...
1,631
1,358
6992507.SQ.FTS.B
,
Zero
Cpn
,
3/06/25
...
2,320
2,097
6992564.SQ.FTS.B
,
Zero
Cpn
,
3/06/25
...
4,136
3,931
6993196.SQ.FTS.B
,
Zero
Cpn
,
3/06/25
...
2,890
2,105
6993734.SQ.FTS.B
,
Zero
Cpn
,
3/06/25
...
1,583
1,569
6995631.SQ.FTS.B
,
Zero
Cpn
,
3/07/25
...
1,316
1,298
6996992.SQ.FTS.B
,
Zero
Cpn
,
3/07/25
...
26,963
6,321
6997764.SQ.FTS.B
,
Zero
Cpn
,
3/07/25
...
5,291
5,238
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7000454.SQ.FTS.B
,
Zero
Cpn
,
3/08/25
...
$
884
$
855
7000476.SQ.FTS.B
,
Zero
Cpn
,
3/08/25
...
921
816
7001929.SQ.FTS.B
,
Zero
Cpn
,
3/08/25
...
20,167
13,461
7002308.SQ.FTS.B
,
Zero
Cpn
,
3/09/25
...
511
497
7002426.SQ.FTS.B
,
Zero
Cpn
,
3/09/25
...
1,026
632
7002443.SQ.FTS.B
,
Zero
Cpn
,
3/09/25
...
1,721
1,476
7002610.SQ.FTS.B
,
Zero
Cpn
,
3/09/25
...
17,254
3,360
7003146.SQ.FTS.B
,
Zero
Cpn
,
3/09/25
...
566
562
7003256.SQ.FTS.B
,
Zero
Cpn
,
3/10/25
...
1,346
1,317
7004443.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
982
533
7005046.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
923
916
7005245.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
3,281
2,680
7005431.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
933
897
7005506.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
18,115
16,424
7005940.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
2,725
2,312
7006546.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
11,760
11,565
7007162.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
497
495
7007244.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
819
731
7007402.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
2,262
1,776
7007456.SQ.FTS.B
,
Zero
Cpn
,
3/12/25
...
16,546
16,339
7008617.SQ.FTS.B
,
Zero
Cpn
,
3/12/25
...
4,160
2,601
7009259.SQ.FTS.B
,
Zero
Cpn
,
3/12/25
...
3,012
1,231
7010131.SQ.FTS.B
,
Zero
Cpn
,
3/12/25
...
29,663
23,538
7010951.SQ.FTS.B
,
Zero
Cpn
,
3/13/25
...
21,295
18,547
7012037.SQ.FTS.B
,
Zero
Cpn
,
3/13/25
...
825
729
7012805.SQ.FTS.B
,
Zero
Cpn
,
3/13/25
...
874
635
7016317.SQ.FTS.B
,
Zero
Cpn
,
3/14/25
...
5,037
4,771
7016598.SQ.FTS.B
,
Zero
Cpn
,
3/14/25
...
3,876
3,841
7019301.SQ.FTS.B
,
Zero
Cpn
,
3/14/25
...
768
760
7019673.SQ.FTS.B
,
Zero
Cpn
,
3/14/25
...
1,295
28
7019693.SQ.FTS.B
,
Zero
Cpn
,
3/14/25
...
191
141
7020860.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
1,218
1,203
7021474.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
713
629
7021510.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
168
168
7021905.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
365
355
7023175.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
1,190
687
7024235.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
4,248
2,615
7024365.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
2,164
1,982
7024434.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
167
166
7025072.SQ.FTS.B
,
Zero
Cpn
,
3/16/25
...
719
494
7025079.SQ.FTS.B
,
Zero
Cpn
,
3/16/25
...
691
681
7025111.SQ.FTS.B
,
Zero
Cpn
,
3/16/25
...
513
376
7025124.SQ.FTS.B
,
Zero
Cpn
,
3/16/25
...
3,975
1,854
7025788.SQ.FTS.B
,
Zero
Cpn
,
3/17/25
...
11,440
194
7025888.SQ.FTS.B
,
Zero
Cpn
,
3/17/25
...
721
466
7026048.SQ.FTS.B
,
Zero
Cpn
,
3/17/25
...
668
444
7026063.SQ.FTS.B
,
Zero
Cpn
,
3/17/25
...
1,036
887
7027254.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
3,254
1,773
7027442.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
1,340
800
7027686.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
1,326
810
7027959.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
4,123
4,057
7028322.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
3,866
3,562
7028557.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
1,567
1,360
7028576.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
130
115
7028614.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
78
61
7029748.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
2,169
2,102
7029856.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
1,028
956
7030349.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
1,678
1,640
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)
7030550.SQ.FTS.B
,
Zero
Cpn
,
3/19/25
...
$
3,923
$
3,875
7032162.SQ.FTS.B
,
Zero
Cpn
,
3/19/25
...
565
440
7033335.SQ.FTS.B
,
Zero
Cpn
,
3/19/25
...
1,321
1,308
7034088.SQ.FTS.B
,
Zero
Cpn
,
3/19/25
...
5,196
5,099
7034276.SQ.FTS.B
,
Zero
Cpn
,
3/20/25
...
385
124
7035045.SQ.FTS.B
,
Zero
Cpn
,
3/20/25
...
9,877
9,002
7035507.SQ.FTS.B
,
Zero
Cpn
,
3/20/25
...
385
383
7036374.SQ.FTS.B
,
Zero
Cpn
,
3/20/25
...
4,086
3,691
7039769.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
4,286
2,754
7039863.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
1,817
1,737
7039967.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
1,520
1,152
7040021.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
1,191
1,147
7040905.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
22,019
6,554
7041652.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
12,656
11,937
7042479.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
1,100
1,074
7042748.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
17,163
16,704
7043668.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
10,216
7,594
7044438.SQ.FTS.B
,
Zero
Cpn
,
3/22/25
...
222
218
7047114.SQ.FTS.B
,
Zero
Cpn
,
3/23/25
...
740
731
7047140.SQ.FTS.B
,
Zero
Cpn
,
3/23/25
...
2,597
41
7047161.SQ.FTS.B
,
Zero
Cpn
,
3/23/25
...
14,341
12,890
7047886.SQ.FTS.B
,
Zero
Cpn
,
3/23/25
...
833
594
7047898.SQ.FTS.B
,
Zero
Cpn
,
3/23/25
...
1,910
1,540
7048508.SQ.FTS.B
,
Zero
Cpn
,
3/24/25
...
1,008
998
7048591.SQ.FTS.B
,
Zero
Cpn
,
3/24/25
...
3,148
2,417
7048733.SQ.FTS.B
,
Zero
Cpn
,
3/24/25
...
1,501
1,183
7049398.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
795
769
7049929.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
387
329
7049941.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
1,282
1,267
7050019.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
3,198
2,480
7050136.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
3,652
58
7050168.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
13,123
9,651
7050530.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
4,929
3,532
7050581.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
9,586
1,706
7050736.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
3,713
3,311
7050801.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
839
831
7050837.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
7,078
6,945
7051062.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
2,151
2,136
7051266.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
1,285
1,259
7051978.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
2,835
1,525
7052418.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
1,138
771
7052508.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
77
73
7052626.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
1,534
1,525
7052702.SQ.FTS.B
,
Zero
Cpn
,
3/26/25
...
507
485
7053706.SQ.FTS.B
,
Zero
Cpn
,
3/26/25
...
2,372
1,715
7053759.SQ.FTS.B
,
Zero
Cpn
,
3/26/25
...
4,623
4,199
7054172.SQ.FTS.B
,
Zero
Cpn
,
3/26/25
...
309
223
7054573.SQ.FTS.B
,
Zero
Cpn
,
3/26/25
...
14,644
2,636
7055827.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
854
846
7055970.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
952
906
7056009.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
482
454
7056063.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
2,238
2,197
7056271.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
1,380
1,275
7056980.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
2,729
2,698
7057540.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
64
64
7057586.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
937
927
7057625.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
523
388
7057637.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
17,279
11,089
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7058391.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
$
3,387
$
2,783
7058708.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
405
88
7058841.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
3,052
2,945
7060912.SQ.FTS.B
,
Zero
Cpn
,
3/28/25
...
2,784
2,747
7062654.SQ.FTS.B
,
Zero
Cpn
,
3/28/25
...
1,270
223
7062676.SQ.FTS.B
,
Zero
Cpn
,
3/28/25
...
5,855
5,092
7063234.SQ.FTS.B
,
Zero
Cpn
,
3/28/25
...
1,515
1,490
7064997.SQ.FTS.B
,
Zero
Cpn
,
3/29/25
...
2,134
159
7065185.SQ.FTS.B
,
Zero
Cpn
,
3/29/25
...
1,422
1,078
7066194.SQ.FTS.B
,
Zero
Cpn
,
3/29/25
...
28,131
15,187
7067058.SQ.FTS.B
,
Zero
Cpn
,
3/29/25
...
7,522
7,392
7068868.SQ.FTS.B
,
Zero
Cpn
,
3/30/25
...
1,970
31
7068924.SQ.FTS.B
,
Zero
Cpn
,
3/30/25
...
2,119
2,028
7069196.SQ.FTS.B
,
Zero
Cpn
,
4/01/25
...
461
357
7069211.SQ.FTS.B
,
Zero
Cpn
,
4/01/25
...
319
318
7069451.SQ.FTS.B
,
Zero
Cpn
,
4/01/25
...
12,520
12,263
7071249.SQ.FTS.B
,
Zero
Cpn
,
4/02/25
...
7,885
5,105
7071928.SQ.FTS.B
,
Zero
Cpn
,
4/02/25
...
6,631
3,561
7072004.SQ.FTS.B
,
Zero
Cpn
,
4/02/25
...
127
127
7073547.SQ.FTS.B
,
Zero
Cpn
,
4/02/25
...
423
412
7073679.SQ.FTS.B
,
Zero
Cpn
,
4/02/25
...
1,229
1,060
7073998.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
225
206
7074737.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
2,836
2,806
7075884.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
4,566
827
7076262.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
9,774
9,660
7076994.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
1,477
1,306
7077380.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
5,700
4,493
7077757.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
1,699
457
7078191.SQ.FTS.B
,
Zero
Cpn
,
4/04/25
...
419
385
7078506.SQ.FTS.B
,
Zero
Cpn
,
4/04/25
...
5,998
5,523
7078893.SQ.FTS.B
,
Zero
Cpn
,
4/04/25
...
14,190
6,187
7085122.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
2,518
514
7085359.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
5,406
5,335
7086337.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
5,900
5,804
7087117.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
2,419
2,384
7087310.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
1,241
1,231
7088413.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
185
174
7088428.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
3,131
3,042
7088934.SQ.FTS.B
,
Zero
Cpn
,
4/06/25
...
1,306
1,289
7089056.SQ.FTS.B
,
Zero
Cpn
,
4/06/25
...
527
510
7091702.SQ.FTS.B
,
Zero
Cpn
,
4/06/25
...
2,216
2,188
7091954.SQ.FTS.B
,
Zero
Cpn
,
4/06/25
...
2,653
2,575
7092138.SQ.FTS.B
,
Zero
Cpn
,
4/06/25
...
5,761
757
7093323.SQ.FTS.B
,
Zero
Cpn
,
4/08/25
...
1,201
240
7093679.SQ.FTS.B
,
Zero
Cpn
,
4/08/25
...
290
277
7094271.SQ.FTS.B
,
Zero
Cpn
,
4/09/25
...
3,675
3,136
7094575.SQ.FTS.B
,
Zero
Cpn
,
4/09/25
...
22,651
20,478
7096392.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
1,745
1,699
7097219.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
77
76
7097310.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
569
564
7097479.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
9,363
430
7098174.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
4,198
4,129
7098533.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
578
569
7099846.SQ.FTS.B
,
Zero
Cpn
,
4/11/25
...
17,956
11,089
7101561.SQ.FTS.B
,
Zero
Cpn
,
4/11/25
...
27,006
24,577
7102472.SQ.FTS.B
,
Zero
Cpn
,
4/11/25
...
2,821
2,311
7102574.SQ.FTS.B
,
Zero
Cpn
,
4/11/25
...
7,673
7,590
7102906.SQ.FTS.B
,
Zero
Cpn
,
4/11/25
...
668
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
69
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
7102927.SQ.FTS.B
,
Zero
Cpn
,
4/11/25
...
$
2,099
$
2,082
7105417.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
5,812
1,520
7105598.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
1,416
1,245
7105896.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
2,549
2,533
7106601.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
1,256
1,239
7106837.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
1,894
1,846
7106931.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
3,978
2,433
7107564.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
2,739
1,573
7107658.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
13,001
12,793
7108325.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
87
80
7108425.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
1,558
1,279
7108520.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
4,127
4,015
7108768.SQ.FTS.B
,
Zero
Cpn
,
4/13/25
...
14,814
12,610
7109414.SQ.FTS.B
,
Zero
Cpn
,
4/13/25
...
3,357
2,970
7109653.SQ.FTS.B
,
Zero
Cpn
,
4/13/25
...
1,190
1,174
7112020.SQ.FTS.B
,
Zero
Cpn
,
4/14/25
...
29,313
23,102
7112700.SQ.FTS.B
,
Zero
Cpn
,
4/14/25
...
441
311
7112766.SQ.FTS.B
,
Zero
Cpn
,
4/14/25
...
1,342
1,310
7113063.SQ.FTS.B
,
Zero
Cpn
,
4/15/25
...
483
473
7113346.SQ.FTS.B
,
Zero
Cpn
,
4/15/25
...
1,040
597
7113376.SQ.FTS.B
,
Zero
Cpn
,
4/15/25
...
851
714
7113468.SQ.FTS.B
,
Zero
Cpn
,
4/15/25
...
2,203
2,189
7115113.SQ.FTS.B
,
Zero
Cpn
,
4/16/25
...
2,189
2,108
7115546.SQ.FTS.B
,
Zero
Cpn
,
4/16/25
...
38,929
22,445
7117807.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
579
566
7118185.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
5,462
103
7118456.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
4,423
4,375
7119683.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
8,854
8,696
7120915.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
2,163
1,518
7121348.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
1,529
835
7122850.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
4,021
3,257
7124204.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
545
372
7124599.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
40,417
33,206
7126036.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
1,517
1,465
7128660.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
1,959
1,268
7128857.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
768
747
7132566.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
43
43
7132621.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
762
744
7132655.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
2,046
2,002
7132843.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
19,544
6,461
7133597.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
9,909
2,111
7134183.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
1,469
1,441
7134657.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
1,262
1,243
7134867.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
615
521
7135072.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
286
282
7135103.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
1,399
856
7135136.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
1,221
1,191
7135175.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
1,459
1,437
7135686.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
376
79
7135696.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
412
280
7135706.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
608
8
7135840.SQ.FTS.B
,
Zero
Cpn
,
4/20/25
...
6,844
6,618
7136322.SQ.FTS.B
,
Zero
Cpn
,
4/20/25
...
2,970
2,299
7137130.SQ.FTS.B
,
Zero
Cpn
,
4/20/25
...
11,335
11,065
7139430.SQ.FTS.B
,
Zero
Cpn
,
4/20/25
...
628
607
7139448.SQ.FTS.B
,
Zero
Cpn
,
4/20/25
...
4,653
4,567
7140246.SQ.FTS.B
,
Zero
Cpn
,
4/20/25
...
1,662
1,185
7140398.SQ.FTS.B
,
Zero
Cpn
,
4/20/25
...
27
20
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7141269.SQ.FTS.B
,
Zero
Cpn
,
4/20/25
...
$
1,651
$
1,632
7141569.SQ.FTS.B
,
Zero
Cpn
,
4/21/25
...
880
560
7141603.SQ.FTS.B
,
Zero
Cpn
,
4/21/25
...
4,650
3,719
7142503.SQ.FTS.B
,
Zero
Cpn
,
4/22/25
...
2,212
2,179
7142762.SQ.FTS.B
,
Zero
Cpn
,
4/22/25
...
719
709
7142950.SQ.FTS.B
,
Zero
Cpn
,
4/22/25
...
579
310
7144408.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
484
314
7144447.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
4,042
4,018
7146101.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
5,947
3,866
7146290.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
125
123
7146302.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
143
141
7147299.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
12,972
137
7150208.SQ.FTS.B
,
Zero
Cpn
,
4/24/25
...
4,100
4,040
7150471.SQ.FTS.B
,
Zero
Cpn
,
4/24/25
...
1,208
1,201
7151351.SQ.FTS.B
,
Zero
Cpn
,
4/24/25
...
1,241
874
7152583.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
3,177
3,111
7152656.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
8,379
8,283
7153121.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
4,671
4,516
7153341.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
6,870
5,410
7153714.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
1,787
1,710
7154002.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
851
408
7154213.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
1,174
1,161
7154481.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
5,395
5,211
7158377.SQ.FTS.B
,
Zero
Cpn
,
4/26/25
...
534
527
7160663.SQ.FTS.B
,
Zero
Cpn
,
4/26/25
...
218
215
7160698.SQ.FTS.B
,
Zero
Cpn
,
4/26/25
...
223
219
7160707.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
976
967
7160912.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
1,361
944
7161053.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
1,288
1,264
7161201.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
642
636
7161885.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
6,766
4,636
7162414.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
1,766
1,003
7162476.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
1,634
1,610
7163056.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
3,263
3,201
7163206.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
925
846
7163923.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
377
369
7163945.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
3,120
1,529
7164232.SQ.FTS.B
,
Zero
Cpn
,
4/28/25
...
1,190
745
7164418.SQ.FTS.B
,
Zero
Cpn
,
4/28/25
...
356
354
7164679.SQ.FTS.B
,
Zero
Cpn
,
4/28/25
...
1,791
1,751
7164732.SQ.FTS.B
,
Zero
Cpn
,
4/28/25
...
3,044
700
7165410.SQ.FTS.B
,
Zero
Cpn
,
4/29/25
...
609
605
7165856.SQ.FTS.B
,
Zero
Cpn
,
4/29/25
...
1,839
1,788
7165960.SQ.FTS.B
,
Zero
Cpn
,
4/29/25
...
1,062
587
7165990.SQ.FTS.B
,
Zero
Cpn
,
4/29/25
...
199
192
7167089.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
3,363
2,856
7167309.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
1,464
1,459
7168208.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
3,042
2,996
7168497.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
632
314
7168708.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
5,419
5,347
7169411.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
639
594
7169613.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
2,109
1,459
7169801.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
6,412
6,097
7170354.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
8,610
7,142
7170746.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
4,827
4,749
7171401.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
725
716
7171590.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
3,646
3,600
7172354.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
3,172
2,686
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)
7172761.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
$
12,133
$
9,135
7173037.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
4,277
1,912
7173178.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
707
699
7173243.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
1,824
1,791
7173849.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
1,572
1,542
7173911.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
1,409
1,385
7174148.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
2,598
2,566
7174387.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
13,264
10,550
7175646.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
548
343
7175676.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
697
693
7176021.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
2,348
2,271
7176315.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
3,351
3,283
7176474.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
114
111
7179463.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
1,746
1,736
7180016.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
3,056
3,029
7180248.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
12,879
7,061
7180499.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
2,344
2,312
7180861.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
2,147
2,118
7181082.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
1,606
1,557
7181282.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
4,932
4,858
7183334.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
1,517
1,499
7183441.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
308
305
7183926.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
2,501
1,789
7184149.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
14,563
8,480
7184602.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
131
129
7185609.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
4,100
2,293
7185739.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
5,104
5,039
7186050.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
3,269
2,030
7186105.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
5,102
4,975
7186338.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
2,015
244
7186487.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
1,193
1,179
7186653.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
2,665
2,573
7186988.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
3,100
3,058
7187139.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
2,651
1,567
7187186.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
11,026
10,843
7187603.SQ.FTS.B
,
Zero
Cpn
,
5/04/25
...
2,514
2,000
7187712.SQ.FTS.B
,
Zero
Cpn
,
5/04/25
...
322
319
7188015.SQ.FTS.B
,
Zero
Cpn
,
5/04/25
...
2,620
44
7188348.SQ.FTS.B
,
Zero
Cpn
,
5/04/25
...
9,484
3,919
7188666.SQ.FTS.B
,
Zero
Cpn
,
5/05/25
...
3,636
3,016
7188832.SQ.FTS.B
,
Zero
Cpn
,
5/05/25
...
4,453
4,279
7189514.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
3,714
2,521
7190282.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
478
362
7190392.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
1,932
1,907
7191074.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
4,658
3,113
7191789.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
3,486
2,628
7191893.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
6,889
6,701
7192505.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
925
575
7193529.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
6,512
6,353
7193855.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
5,680
5,611
7196193.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
4,306
3,041
7196321.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
2,618
1,961
7196450.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
2,369
2,355
7196817.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
1,607
1,596
7197646.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
285
282
7197712.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
4,332
40
7198707.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
6,033
4,955
7199286.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
19,923
15,412
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7199800.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
$
3,105
$
2,973
7199888.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
1,163
1,113
7199954.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
150
149
7199987.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
402
386
7200014.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
1,045
871
7200512.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
6,125
5,911
7201082.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
1,110
777
7201182.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
896
522
7203363.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
8,775
6,346
7203571.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
1,117
1,067
7203639.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
1,394
1,375
7203769.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
1,928
1,889
7204759.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
1,019
658
7204855.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
7,574
7,485
7205388.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
5,770
4,003
7205585.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
4,912
3,593
7205732.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
19,750
10,339
7206278.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
5,765
5,505
7206714.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
2,369
2,091
7207237.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
1,271
1,262
7208874.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
3,686
3,655
7209204.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
964
910
7209546.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
5,518
5,418
7210051.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
2,224
1,109
7210099.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
907
888
7210140.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
3,542
3,514
7210744.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
588
571
7210899.SQ.FTS.B
,
Zero
Cpn
,
5/11/25
...
26,310
1,864
7211440.SQ.FTS.B
,
Zero
Cpn
,
5/11/25
...
488
480
7211509.SQ.FTS.B
,
Zero
Cpn
,
5/11/25
...
2,171
2,142
7211854.SQ.FTS.B
,
Zero
Cpn
,
5/12/25
...
5,096
4,937
7212155.SQ.FTS.B
,
Zero
Cpn
,
5/12/25
...
5,542
4,668
7212385.SQ.FTS.B
,
Zero
Cpn
,
5/12/25
...
2,628
2,291
7212545.SQ.FTS.B
,
Zero
Cpn
,
5/12/25
...
1,868
1,848
7212719.SQ.FTS.B
,
Zero
Cpn
,
5/13/25
...
8,978
5,828
7214977.SQ.FTS.B
,
Zero
Cpn
,
5/13/25
...
4,434
4,349
7215502.SQ.FTS.B
,
Zero
Cpn
,
5/13/25
...
4,351
4,277
7215977.SQ.FTS.B
,
Zero
Cpn
,
5/13/25
...
1,341
1,312
7216980.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
2,968
2,825
7217292.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
1,541
1,522
7217938.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
4,138
3,169
7218388.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
11,900
11,502
7218725.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
148
148
7218918.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
3,987
3,928
7219057.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
7,349
6,300
7219184.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
6,746
4,993
7219666.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
3,640
656
7220506.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
170
169
7220564.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
1,109
16
7220676.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
1,149
240
7220697.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
1,301
990
7221007.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
22,150
21,209
7221726.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
5,336
3,837
7222126.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
10,174
6,451
7222571.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
1,606
1,494
7222768.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
1,980
1,953
7222995.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
11,278
11,034
7223561.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
4,530
4,460
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)
7224292.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
$
914
$
628
7224733.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
572
421
7226874.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
1,673
1,652
7227056.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
2,467
2,149
7227109.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
1,970
807
7227133.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
2,733
2,702
7227310.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
2,699
2,664
7227550.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
1,535
1,510
7227807.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
860
846
7227847.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
2,591
2,540
7228237.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
362
356
7228636.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
522
505
7229547.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
1,963
1,898
7229617.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
4,248
2,893
7229709.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
10,928
10,649
7230169.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
2,939
2,900
7230451.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
4,858
4,734
7231172.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
5,857
5,212
7232291.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
1,985
1,610
7232394.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
1,318
1,304
7232579.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
1,012
785
7233795.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
1,167
1,142
7234525.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
1,076
1,058
7234701.SQ.FTS.B
,
Zero
Cpn
,
5/18/25
...
1,017
983
7234756.SQ.FTS.B
,
Zero
Cpn
,
5/18/25
...
11,708
11,331
7235832.SQ.FTS.B
,
Zero
Cpn
,
5/19/25
...
1,580
1,550
7236299.SQ.FTS.B
,
Zero
Cpn
,
5/19/25
...
2,152
2,116
7237644.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
4,560
3,811
7237979.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
3,174
3,028
7238134.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
2,158
82
7238779.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
6,540
6,246
7239092.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
4,206
4,079
7239295.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
2,323
2,230
7239379.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
930
918
7239842.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
9,489
7,296
7240071.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
840
663
7240370.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
1,722
1,688
7240436.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
306
305
7241892.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
6,223
6,140
7242275.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
1,045
1,018
7242424.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
1,124
1,112
7242516.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
1,080
1,067
7242591.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
1,748
1,214
7243209.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
3,922
3,844
7243291.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
2,048
1,609
7243317.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
13,030
12,387
7243596.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
3,400
2,303
7244055.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
1,864
1,516
7244193.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
2,832
2,608
7244482.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
347
243
7247398.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
3,956
3,890
7247585.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
13,923
13,698
7248381.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
2,094
1,010
7248460.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
1,326
1,299
7248507.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
3,663
3,483
7248634.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
2,120
2,089
7249019.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
11,573
269
7251025.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
2,321
2,250
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7251106.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
$
532
$
506
7251262.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
1,233
1,152
7251320.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
42
39
7251323.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
1,751
1,614
7251351.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
3,940
3,866
7251459.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
2,125
2,114
7251636.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
669
657
7251674.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
4,086
4,023
7251821.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
2,494
1,638
7251855.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
3,231
3,123
7251914.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
4,864
3,657
7251966.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
3,315
3,266
7253093.SQ.FTS.B
,
Zero
Cpn
,
5/24/25
...
4,550
4,504
7254728.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
21,555
20,457
7254997.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
573
553
7255008.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
8,571
8,173
7255099.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
561
542
7255114.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
5,968
4,771
7255586.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
892
879
7255679.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
5,025
4,915
7255752.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
5,484
5,440
7256081.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
3,700
3,636
7256365.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
1,898
1,305
7256395.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
2,888
2,637
7256470.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
857
580
7256484.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
3,994
3,931
7256609.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
924
382
7256638.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
3,121
2,987
7256696.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
1,515
1,035
7256709.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
2,400
2,332
7256856.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
1,943
1,917
7257411.SQ.FTS.B
,
Zero
Cpn
,
5/27/25
...
1,333
1,061
7257484.SQ.FTS.B
,
Zero
Cpn
,
5/27/25
...
368
342
7259122.SQ.FTS.B
,
Zero
Cpn
,
5/27/25
...
143
119
7260895.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
15,707
15,556
7262080.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
56,215
14,281
7262799.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
1,610
1,590
7263021.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
12,948
12,782
7264613.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
1,535
1,507
7264673.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
1,491
1,463
7264843.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
3,529
2,302
7265783.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
2,268
2,242
7265889.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
3,042
2,991
7266011.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
743
738
7266049.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
15,306
15,149
7267389.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
814
723
7269871.SQ.FTS.B
,
Zero
Cpn
,
5/30/25
...
1,829
1,567
7269980.SQ.FTS.B
,
Zero
Cpn
,
5/30/25
...
13,957
144
7270240.SQ.FTS.B
,
Zero
Cpn
,
5/30/25
...
399
396
7272784.SQ.FTS.B
,
Zero
Cpn
,
5/30/25
...
11,279
11,140
7273825.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
3,599
3,565
7275203.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
5,198
3,451
7275386.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
879
869
7275459.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
2,268
2,218
7275797.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
6,184
5,743
7275984.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
2,103
2,063
7276109.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
1,446
1,069
7276979.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
2,841
2,794
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)
7277155.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
$
4,124
$
4,039
7277848.SQ.FTS.B
,
Zero
Cpn
,
6/02/25
...
1,693
1,609
7277957.SQ.FTS.B
,
Zero
Cpn
,
6/02/25
...
2,980
2,395
7278188.SQ.FTS.B
,
Zero
Cpn
,
6/02/25
...
440
402
7278214.SQ.FTS.B
,
Zero
Cpn
,
6/02/25
...
1,586
426
7278241.SQ.FTS.B
,
Zero
Cpn
,
6/02/25
...
1,020
873
7278277.SQ.FTS.B
,
Zero
Cpn
,
6/02/25
...
1,212
1,197
7278347.SQ.FTS.B
,
Zero
Cpn
,
6/02/25
...
3,765
3,692
7278613.SQ.FTS.B
,
Zero
Cpn
,
6/03/25
...
1,252
1,212
7278667.SQ.FTS.B
,
Zero
Cpn
,
6/03/25
...
644
552
7278686.SQ.FTS.B
,
Zero
Cpn
,
6/03/25
...
3,253
3,197
7278809.SQ.FTS.B
,
Zero
Cpn
,
6/03/25
...
574
555
7278943.SQ.FTS.B
,
Zero
Cpn
,
6/03/25
...
13,355
11,402
7279343.SQ.FTS.B
,
Zero
Cpn
,
6/03/25
...
1,888
1,866
7280181.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
7,169
7,067
7281575.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
11,685
10,715
7282030.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
482
478
7282476.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
10,986
10,711
7282840.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
812
537
7282904.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
4,064
4,038
7283437.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
18,790
18,141
7284014.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
1,782
1,748
7284188.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
3,577
3,538
7284416.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
3,381
3,082
7284558.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
5,496
4,711
7285781.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
2,069
900
7285848.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
1,808
1,719
7285927.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
1,306
1,265
7286106.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
3,092
2,996
7286211.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
3,827
3,757
7286404.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
12,390
6,030
7286601.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
71
71
7286713.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
2,664
2,404
7286755.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
4,776
4,722
7287670.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
1,683
1,666
7287857.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
2,711
2,660
7288280.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
11,530
10,550
7289140.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
2,433
2,389
7289262.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
4,386
2,050
7289318.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
2,552
2,422
7289660.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
16,287
15,961
7290136.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
2,534
2,482
7290368.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
9,012
8,834
7290826.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
2,082
1,790
7290873.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
2,697
2,156
7290948.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
5,277
5,147
7293971.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
6,372
6,169
7294453.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
1,053
1,037
7294568.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
728
573
7294878.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
2,068
2,037
7295038.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
3,904
3,786
7295325.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
1,231
1,207
7295422.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
5,693
5,457
7295648.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
3,669
3,551
7296418.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
1,523
1,444
7296480.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
1,112
1,084
7296575.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
5,163
2,403
7296922.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
1,791
1,764
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7297029.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
$
1,894
$
1,466
7297291.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
178
177
7297372.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
8,653
8,542
7297931.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
125
114
7298009.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
2,987
2,451
7298093.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
778
766
7298159.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
5,456
5,330
7299448.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
4,027
3,354
7299523.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
1,532
1,486
7299590.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
1,245
1,208
7299622.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
5,883
5,810
7301207.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
7,066
4,519
7301343.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
9,138
7,857
7301957.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
341
316
7302072.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
7,125
6,972
7302387.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
1,233
1,220
7302463.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
1,380
1,361
7302568.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
8,285
8,180
7303557.SQ.FTS.B
,
Zero
Cpn
,
6/10/25
...
896
828
7303607.SQ.FTS.B
,
Zero
Cpn
,
6/10/25
...
10,708
10,539
7305248.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
6,431
6,242
7305713.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
1,687
413
7305795.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
390
376
7306020.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
701
673
7306315.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
2,675
2,578
7306467.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
3,120
2,687
7306561.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
2,114
2,077
7306657.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
12,522
5,318
7307148.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
28,024
25,653
7308060.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
101
100
7308144.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
2,784
2,719
7308334.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
835
801
7308620.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
2,450
2,404
7308932.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
419
164
7309149.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
17,102
182
7309809.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
2,229
2,204
7309926.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
7,558
7,442
7313394.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
6,976
6,815
7313686.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
6,881
6,580
7313855.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
2,861
2,762
7313947.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
933
546
7313955.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
521
505
7313971.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
1,734
1,266
7314028.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
12,817
11,873
7314476.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
11,116
10,753
7314877.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
15,166
14,898
7315747.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
15,122
14,615
7316221.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
1,577
1,546
7316316.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
7,722
1,486
7316538.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
20,445
20,011
7317112.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
5,367
4,907
7317239.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
511
506
7317253.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
4,923
4,826
7317533.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
4,564
4,354
7317637.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
2,085
2,044
7317759.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
1,102
1,048
7320315.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
1,535
1,517
7320441.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
6,441
6,244
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)
7321333.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
$
3,880
$
3,781
7321573.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
5,609
5,539
7322018.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
2,147
2,089
7322141.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
3,068
3,011
7322434.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
1,284
1,273
7324336.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
3,279
3,229
7324592.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
4,353
4,292
7324907.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
13,812
13,594
7326086.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
1,204
1,195
7326325.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
981
907
7326416.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
7,143
6,823
7326642.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
6,047
5,904
7326891.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
2,906
2,514
7326968.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
291
286
7327011.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
4,808
717
7327081.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
35,593
35,048
7328194.SQ.FTS.B
,
Zero
Cpn
,
6/16/25
...
6,845
6,656
7328548.SQ.FTS.B
,
Zero
Cpn
,
6/16/25
...
10,489
10,305
7329450.SQ.FTS.B
,
Zero
Cpn
,
6/17/25
...
2,071
2,038
7329576.SQ.FTS.B
,
Zero
Cpn
,
6/17/25
...
1,098
1,078
7329634.SQ.FTS.B
,
Zero
Cpn
,
6/17/25
...
602
594
7329684.SQ.FTS.B
,
Zero
Cpn
,
6/17/25
...
3,440
2,618
7329986.SQ.FTS.B
,
Zero
Cpn
,
6/17/25
...
2,547
2,512
7330643.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
1,200
946
7330730.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
2,709
2,671
7331267.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
4,601
4,374
7332055.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
9,172
8,007
7332388.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
8,984
8,782
7332779.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
2,462
2,440
7332985.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
7,912
7,778
7333444.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
4,834
3,422
7333741.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
2,241
2,213
7334049.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
3,079
2,977
7334250.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
823
428
7334268.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
8,404
7,779
7334439.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
5,698
5,627
7334864.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
8,830
8,577
7335226.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
1,850
1,817
7335334.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
3,155
2,897
7335574.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
2,736
2,683
7335741.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
1,478
1,449
7335796.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
3,361
3,231
7335898.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
1,418
1,370
7335968.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
7,165
6,250
7336217.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
11,711
10,998
7336451.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
1,152
1,134
7336505.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
1,810
808
7336525.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
7,254
7,022
7336669.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
1,400
1,381
7336967.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
4,561
1,449
7337186.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
3,175
3,129
7337304.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
1,352
974
7337979.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
207
169
7338324.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
7,702
7,501
7338610.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
470
458
7338630.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
1,612
1,585
7338898.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
8,430
7,666
7339230.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
5,085
4,980
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7339564.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
$
5,824
$
5,753
7340047.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
1,427
1,350
7340109.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
5,904
5,705
7340194.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
427
417
7340517.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
5,850
5,218
7340589.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
8
8
7340600.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
657
594
7340626.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
2,275
868
7340672.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
21,574
17,566
7344537.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
3,084
3,036
7344965.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
6,739
5,022
7345117.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
2,978
2,885
7345235.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
2,112
2,052
7345390.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
1,172
1,143
7345466.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
4,951
4,818
7345593.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
301
287
7345866.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
7,307
7,152
7346076.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
6,173
6,050
7346353.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
19,691
19,386
7347201.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
1,409
1,210
7347245.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
1,542
1,506
7347359.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
5,686
5,550
7347664.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
690
565
7347685.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
2,443
1,432
7348325.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
891
879
7348507.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
4,835
2,732
7348587.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
8,779
8,599
7350446.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
1,212
1,182
7350516.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
4,254
4,175
7351055.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
3,537
3,455
7351596.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
1,395
1,293
7351615.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
1,157
1,004
7351639.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
3,152
1,914
7351727.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
1,396
1,381
7351847.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
9,404
4,721
7351945.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
2,998
2,859
7352007.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
811
698
7352057.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
10,780
9,922
7352220.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
8,196
8,102
7352474.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
827
541
7352488.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
3,711
3,634
7352573.SQ.FTS.B
,
Zero
Cpn
,
6/24/25
...
9,252
9,138
7352913.SQ.FTS.B
,
Zero
Cpn
,
6/24/25
...
15,305
14,651
7353146.SQ.FTS.B
,
Zero
Cpn
,
6/24/25
...
15
14
7353157.SQ.FTS.B
,
Zero
Cpn
,
6/24/25
...
2,981
2,934
7353226.SQ.FTS.B
,
Zero
Cpn
,
6/24/25
...
7,704
6,298
7353341.SQ.FTS.B
,
Zero
Cpn
,
6/24/25
...
107
103
7353412.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
370
315
7353466.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
3,492
3,401
7353529.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
1,275
411
7353547.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
3,151
3,064
7353656.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
877
863
7353660.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
2,164
2,125
7353683.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
1,702
1,414
7353909.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
486
472
7358620.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
4,929
4,531
7358768.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
588
353
7358791.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
3,015
2,937
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)
7359329.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
$
6,226
$
6,097
7359607.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
30,147
29,521
7360226.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
17,602
13,022
7360339.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
2,481
2,433
7360466.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
3,313
3,177
7361012.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
170
168
7361057.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
1,439
1,255
7361103.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
1,621
1,569
7364596.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
10,057
9,815
7365025.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
5,640
4,125
7365182.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
368
362
7365220.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
8,688
8,451
7365667.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
4,674
4,567
7365834.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
2,972
2,893
7366056.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
6,534
6,409
7366336.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
14,259
13,705
7366742.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
10,769
10,432
7367489.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
1,709
1,497
7367630.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
2,706
2,668
7367820.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
4,823
4,737
7368106.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
12,145
11,746
7368877.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
2,009
1,934
7369105.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
1,067
1,042
7369158.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
99
98
7370363.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
1,742
1,711
7370441.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
9,362
8,008
7370806.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
595
464
7370816.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
3,152
1,191
7370878.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
1,551
1,540
7371024.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
6,514
6,377
7371305.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
1,642
1,613
7371526.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
1,876
1,852
7371611.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
843
754
7371639.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
3,153
1,739
7371738.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
6,234
5,317
7371929.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
8,140
7,016
7372112.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
4,946
76
7372172.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
2,145
2,081
7372242.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
13,864
9,326
7372906.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
11,922
10,879
7373979.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
594
562
7374077.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
24,919
24,492
7375081.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
2,490
2,434
7375414.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
7,864
7,706
7375768.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
1,055
1,029
7375980.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
5,729
5,689
7376708.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
4,073
3,998
7376991.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
626
616
7377027.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
8,610
8,376
7377280.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
3,076
2,951
7377362.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
19,579
15,248
7378050.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
472
381
7378054.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
2,314
1,250
7378079.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
3,324
3,234
7378207.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
9,549
282
7378717.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
1,699
1,680
7378849.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
4,154
4,022
7380824.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
1,279
14
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7381117.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
$
10,590
$
8,813
7381436.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
22,378
21,313
7382469.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
8,828
8,597
7382818.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
470
451
7382858.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
6,067
4,363
7383018.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
2,442
2,305
7383092.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
6,541
5,138
7383465.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
13,569
13,195
7384366.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
2,246
138
7384447.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
9,338
9,152
7385182.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
1,320
1,294
7385292.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
1,389
1,346
7385342.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
2,316
2,270
7385423.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
1,828
141
7385467.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
17,107
16,836
7386345.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
3,208
3,122
7386407.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
13,071
11,513
7386932.SQ.FTS.B
,
Zero
Cpn
,
7/06/25
...
1,764
1,743
7387021.SQ.FTS.B
,
Zero
Cpn
,
7/06/25
...
5,349
5,195
7387077.SQ.FTS.B
,
Zero
Cpn
,
7/06/25
...
1,277
1,258
7387131.SQ.FTS.B
,
Zero
Cpn
,
7/06/25
...
5,141
5,016
7387308.SQ.FTS.B
,
Zero
Cpn
,
7/06/25
...
1,258
1,183
7387327.SQ.FTS.B
,
Zero
Cpn
,
7/06/25
...
2,548
2,509
7387507.SQ.FTS.B
,
Zero
Cpn
,
7/06/25
...
928
883
7387770.SQ.FTS.B
,
Zero
Cpn
,
7/07/25
...
77
77
7387880.SQ.FTS.B
,
Zero
Cpn
,
7/07/25
...
787
748
7387906.SQ.FTS.B
,
Zero
Cpn
,
7/07/25
...
20,677
19,924
7388320.SQ.FTS.B
,
Zero
Cpn
,
7/07/25
...
1,467
1,432
7388591.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
1,242
1,223
7388953.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
1,887
1,847
7389108.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
2,275
1,684
7389557.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
2,192
2,060
7389667.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
3,324
3,224
7389815.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
11,282
11,024
7390221.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
8,599
8,492
7390541.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
889
880
7390664.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
10,504
1,034
7390815.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
858
806
7392105.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
2,894
2,792
7392170.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
51
50
7393162.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
5,495
5,358
7393376.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
1,529
1,500
7393438.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
1,508
1,474
7393476.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
30,031
29,531
7394529.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
3,902
3,824
7394876.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
1,499
1,476
7394965.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
1,914
1,061
7395004.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
2,704
2,619
7395237.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
1,760
1,725
7395317.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
3,759
3,396
7395521.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
1,232
1,210
7395685.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
541
526
7395696.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
4,672
4,026
7395779.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
12,121
101
7395927.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
3,631
3,483
7396161.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
12,311
11,939
7396435.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
8,476
8,250
7396701.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
11,769
11,416
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)
7397100.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
$
1,403
$
1,381
7400655.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
7,466
7,271
7400938.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
9,766
9,624
7401601.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
11,172
7,979
7401930.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
17,629
15,029
7402428.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
6,658
6,524
7402923.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
3,626
3,513
7403055.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
1,696
1,655
7403168.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
7,909
4,319
7403278.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
899
776
7403313.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
8,860
7,408
7403589.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
1,176
1,106
7403801.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
7,193
7,088
7404329.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
375
341
7404434.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
2,008
1,978
7404563.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
5,332
5,207
7404801.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
11,217
10,999
7405310.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
10,363
10,063
7405711.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
561
552
7405777.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
2,924
2,814
7406047.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
1,144
495
7406065.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
1,099
954
7406146.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
830
825
7406571.SQ.FTS.B
,
Zero
Cpn
,
7/13/25
...
1,677
1,647
7406606.SQ.FTS.B
,
Zero
Cpn
,
7/13/25
...
2,672
2,561
7406764.SQ.FTS.B
,
Zero
Cpn
,
7/13/25
...
710
696
7407168.SQ.FTS.B
,
Zero
Cpn
,
7/14/25
...
344
339
7407187.SQ.FTS.B
,
Zero
Cpn
,
7/14/25
...
1,950
1,923
7407249.SQ.FTS.B
,
Zero
Cpn
,
7/14/25
...
8,459
8,280
7407481.SQ.FTS.B
,
Zero
Cpn
,
7/14/25
...
4,322
4,045
7407566.SQ.FTS.B
,
Zero
Cpn
,
7/14/25
...
1,780
1,719
7407877.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
3,502
2,701
7407951.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
3,077
2,999
7408049.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
1,743
1,396
7408102.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
9,186
8,992
7408322.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
8,489
4,312
7408433.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
6,759
6,437
7408612.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
9,729
9,020
7408819.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
20,228
19,555
7409769.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
1,416
1,374
7410045.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
1,312
1,251
7410237.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
27,731
27,198
7410973.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
537
472
7410978.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
1,609
155
7411067.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
4,685
4,605
7411216.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
259
250
7412043.SQ.FTS.B
,
Zero
Cpn
,
7/17/25
...
670
664
7412311.SQ.FTS.B
,
Zero
Cpn
,
7/17/25
...
7,401
7,225
7413087.SQ.FTS.B
,
Zero
Cpn
,
7/17/25
...
851
843
7414306.SQ.FTS.B
,
Zero
Cpn
,
7/17/25
...
4,005
3,964
7416088.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
375
371
7416169.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
573
451
7416200.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
2,661
2,627
7416369.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
797
773
7416426.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
12,779
12,464
7417471.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
14,465
14,068
7419010.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
2,447
2,415
7419185.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
880
838
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7419216.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
$
1,036
$
977
7419424.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
516
287
7419461.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
3,822
3,769
7420014.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
4,819
4,741
7420525.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
4,986
4,850
7420694.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
1,183
1,152
7420730.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
4,207
4,101
7420849.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
2,526
1,814
7421393.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
1,118
1,082
7421564.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
1,233
1,193
7421734.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
3,877
3,807
7421867.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
10,411
10,138
7422477.SQ.FTS.B
,
Zero
Cpn
,
7/20/25
...
31,881
30,301
7423222.SQ.FTS.B
,
Zero
Cpn
,
7/21/25
...
1,156
1,132
7423252.SQ.FTS.B
,
Zero
Cpn
,
7/21/25
...
3,914
3,817
7423331.SQ.FTS.B
,
Zero
Cpn
,
7/21/25
...
1,146
916
7423506.SQ.FTS.B
,
Zero
Cpn
,
7/21/25
...
3,002
2,956
7423619.SQ.FTS.B
,
Zero
Cpn
,
7/21/25
...
5,361
3,947
7423709.SQ.FTS.B
,
Zero
Cpn
,
7/21/25
...
22,019
9,325
7424760.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
3,132
2,999
7425251.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
11,683
10,809
7425552.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
13,709
13,363
7425958.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
2,780
2,719
7426034.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
153
145
7426063.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
11,943
11,703
7426568.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
551
523
7427455.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
14,090
13,492
7428018.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
781
762
7428131.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
7,812
7,596
7428719.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
3,101
2,928
7428795.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
2,903
2,810
7428908.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
803
799
7429134.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
2,833
2,789
7429225.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
139
138
7429278.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
1,168
1,144
7429325.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
35,662
34,670
7430230.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
6,563
6,432
7430454.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
9,701
9,324
7430607.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
742
486
7430709.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
5,090
4,956
7432156.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
2,193
2,146
7432354.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
1,452
1,430
7432388.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
34,292
31,528
7433027.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
2,587
2,454
7433191.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
4,645
4,479
7433364.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
8,479
8,257
7435620.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
9,646
9,309
7436008.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
3,699
3,372
7436254.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
1,547
1,512
7436351.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
12,539
9,292
7436900.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
2,146
2,105
7437084.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
8,516
8,178
7437649.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
1,373
1,324
7437691.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
2,269
2,219
7437785.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
273
223
7437813.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
9,651
9,418
7438889.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
5,734
5,620
7439178.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
520
513
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)
7439197.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
$
1,080
$
1,056
7439544.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
699
626
7439576.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
2,124
2,072
7439758.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
8,156
7,769
7440281.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
25,917
25,356
7441191.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
1,275
1,025
7441240.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
3,742
2,710
7441808.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
475
462
7441907.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
10,631
10,502
7442087.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
774
90
7442111.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
1,849
1,789
7442139.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
4,604
4,452
7442207.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
1,015
846
7442245.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
725
692
7442292.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
1,274
1,147
7442447.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
184
182
7442460.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
1,172
1,164
7442721.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
8,008
7,791
7442977.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
775
764
7443004.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
3,239
3,159
7443159.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
5,673
5,529
7443306.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
583
450
7443370.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
326
322
7443562.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
548
538
7443603.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
5,077
4,976
7444503.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
638
456
7444720.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
6,426
6,291
7445467.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
6,093
5,853
7445933.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
10,201
9,855
7446295.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
4,065
3,865
7446478.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
2,519
2,490
7446615.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
535
528
7446642.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
11,475
11,253
7447150.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
3,933
3,466
7447224.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
6,153
6,019
7447709.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
1,748
1,736
7447914.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
149
149
7448498.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
1,923
1,863
7449437.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
2,066
2,016
7449478.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
13,910
13,483
7449786.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
34,559
32,227
7450900.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
5,045
1,967
7451025.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
1,546
1,519
7451086.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
2,166
2,117
7451193.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
624
615
7451207.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
801
789
7451494.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
12,149
10,968
7452172.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
1,118
1,107
7452521.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
3,582
3,508
7452636.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
951
935
7456372.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
316
313
7456414.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
6,642
6,489
7456651.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
7,273
7,077
7457006.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
2,980
2,942
7457742.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
5,753
5,635
7457932.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
6,292
6,160
7458239.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
204
200
7458333.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
14,668
14,425
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7458973.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
$
14,709
$
14,277
7459404.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
6,823
6,329
7459742.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
1,712
1,669
7459990.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
1,451
1,417
7460066.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
362
291
7460081.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
1,220
1,201
7460161.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
15,479
13,656
7461251.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
7,286
7,054
7461411.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
349
335
7461437.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
2,334
2,300
7461507.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
24,377
20,740
7461769.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
583
579
7461887.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
2,027
1,977
7462231.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
2,303
2,244
7462674.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
413
408
7462684.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
2,643
2,597
7462730.SQ.FTS.B
,
Zero
Cpn
,
8/03/25
...
4,467
4,343
7462964.SQ.FTS.B
,
Zero
Cpn
,
8/03/25
...
996
948
7463009.SQ.FTS.B
,
Zero
Cpn
,
8/03/25
...
2,511
2,463
7463064.SQ.FTS.B
,
Zero
Cpn
,
8/03/25
...
1,878
1,423
7463125.SQ.FTS.B
,
Zero
Cpn
,
8/03/25
...
6,845
6,719
7463345.SQ.FTS.B
,
Zero
Cpn
,
8/03/25
...
5,643
5,464
7463461.SQ.FTS.B
,
Zero
Cpn
,
8/03/25
...
901
881
7463487.SQ.FTS.B
,
Zero
Cpn
,
8/03/25
...
5,207
5,052
7463610.SQ.FTS.B
,
Zero
Cpn
,
8/03/25
...
1,106
1,092
7463655.SQ.FTS.B
,
Zero
Cpn
,
8/04/25
...
1,412
1,387
7463709.SQ.FTS.B
,
Zero
Cpn
,
8/04/25
...
799
708
7463744.SQ.FTS.B
,
Zero
Cpn
,
8/04/25
...
4,264
2,844
7463823.SQ.FTS.B
,
Zero
Cpn
,
8/04/25
...
16,176
15,711
7464167.SQ.FTS.B
,
Zero
Cpn
,
8/04/25
...
3,723
3,646
7464267.SQ.FTS.B
,
Zero
Cpn
,
8/04/25
...
11,262
11,003
7464879.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
695
687
7464941.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
2,720
2,674
7465040.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
9,495
8,982
7466589.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
7,091
2,468
7466750.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
5,095
4,898
7466901.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
8,111
4,504
7467005.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
1,903
1,881
7467062.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
326
316
7467089.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
1,145
1,111
7467158.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
12,054
11,811
7467621.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
5,263
4,242
7467729.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
14,359
11,980
7468399.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
1,437
1,415
7468449.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
993
647
7468541.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
259
258
7468664.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
1,270
1,249
7468744.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
2,172
2,075
7468818.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
1,174
1,157
7468884.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
12,771
12,331
7469468.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
1,046
1,031
7469581.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
6,280
6,019
7469860.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
5,369
4,065
7470082.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
1,799
1,651
7470150.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
3,379
3,266
7470464.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
3,313
3,261
7471835.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
5,921
5,767
7472249.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
2,703
2,618
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)
7472376.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
$
3,830
$
3,400
7472512.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
2,799
2,658
7472610.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
20,719
20,039
7473166.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
766
743
7473221.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
32,311
31,048
7474077.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
2,570
2,293
7474120.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
1,607
1,568
7474154.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
7,838
7,641
7474374.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
6,139
6,025
7477274.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
1,933
1,888
7477440.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
5,875
5,804
7478039.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
1,519
1,475
7478124.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
827
817
7478174.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
5,773
5,339
7478333.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
5,356
4,545
7478441.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
2,182
2,047
7478475.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
4,623
4,497
7478694.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
8,289
4,619
7478989.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
1,616
1,422
7479216.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
2,329
2,197
7479263.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
2,331
2,277
7479344.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
21,060
20,521
7480144.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
3,626
3,479
7480372.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
3,087
2,858
7480498.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
4,211
4,181
7481211.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
12,664
12,337
7481878.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
3,257
2,731
7481933.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
3,714
3,385
7481987.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
761
718
7482085.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
11,954
11,848
7483153.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
1,186
922
7483176.SQ.FTS.B
,
Zero
Cpn
,
8/10/25
...
5,713
3,454
7483263.SQ.FTS.B
,
Zero
Cpn
,
8/10/25
...
3,801
3,697
7483381.SQ.FTS.B
,
Zero
Cpn
,
8/10/25
...
7,758
7,607
7483561.SQ.FTS.B
,
Zero
Cpn
,
8/10/25
...
2,252
2,225
7483780.SQ.FTS.B
,
Zero
Cpn
,
8/10/25
...
9,285
8,943
7484036.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
2,329
2,252
7484075.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
4,900
4,496
7484169.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
9,733
5,134
7484284.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
1,320
1,294
7484424.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
5,603
5,378
7484541.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
819
452
7484552.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
2,908
2,664
7484605.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
3,161
2,291
7485016.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
4,817
4,682
7485234.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
3,416
3,333
7485513.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
2,426
2,372
7485666.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
9,506
9,219
7486242.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
3,578
2,950
7486336.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
2,290
2,226
7486613.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
1,713
1,671
7486722.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
18,588
18,069
7487324.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
2,112
1,504
7487387.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
5,235
2,942
7487544.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
2,747
2,437
7487594.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
20,488
19,724
7488106.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
3,797
3,545
7488183.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
19,509
18,747
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7489538.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
$
3,303
$
3,243
7489754.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
14,327
10,723
7490122.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
4,369
4,280
7490224.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
24,149
23,698
7490950.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
12,756
11,820
7491300.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
4,041
3,901
7491476.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
24,581
24,221
7492025.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
13,087
12,569
7492661.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
5,458
5,338
7493488.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
3,923
3,744
7493584.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
697
666
7493697.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
5,267
4,678
7493814.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
26,739
26,032
7494567.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
4,504
3,830
7494667.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
26,722
26,388
7500308.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
1,003
758
7500332.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
1,083
1,057
7500402.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
11,976
11,672
7500859.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
2,078
2,032
7501008.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
3,972
1,420
7501192.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
1,421
1,308
7501281.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
8,293
8,105
7502011.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
980
965
7502042.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
3,224
3,160
7502165.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
6,211
6,168
7502684.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
683
679
7502810.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
6,425
6,339
7503000.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
5,999
5,717
7503147.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
3,969
3,887
7503466.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
1,181
1,167
7503521.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
8,042
7,847
7503865.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
943
374
7504027.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
4,058
3,691
7504105.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
1,010
994
7504169.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
3,402
3,312
7504276.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
7,429
7,207
7505700.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
12,324
11,835
7506294.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
497
446
7506333.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
591
389
7506378.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
1,927
1,893
7506448.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
7,391
7,067
7506796.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
6,570
5,846
7507080.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
23,898
23,156
7507904.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
4,207
3,846
7507982.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
1,727
1,700
7508014.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
4,893
4,816
7508519.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
1,708
791
7508579.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
24,289
20,163
7508848.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
241
225
7508908.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
16,800
16,192
7509291.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
1,679
1,375
7509314.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
1,395
1,247
7509337.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
7,510
7,444
7509746.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
1,029
91
7509762.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
4,628
4,525
7509888.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
4,316
4,287
7510205.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
8,194
7,873
7510363.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
13,926
13,573
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)
7510776.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
$
5,912
$
5,108
7510938.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
200
197
7510974.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
7,090
6,828
7511163.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
2,241
2,156
7511595.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
3,255
3,177
7511651.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
13,414
13,170
7511957.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
33,836
15,477
7512359.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
1,328
1,302
7512543.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
434
421
7512563.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
552
541
7512925.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
31,961
31,371
7514156.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
36,701
35,343
7514871.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
21,756
21,132
7515364.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
2,838
2,472
7515412.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
2,203
2,154
7515523.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
6,311
5,577
7515624.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
3,252
3,210
7515749.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
10,624
10,432
7516201.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
3,201
3,071
7516400.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
12,240
10,649
7516578.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
2,396
2,307
7516624.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
1,678
1,468
7516689.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
9,053
8,885
7516976.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
1,999
1,961
7517203.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
7,042
6,799
7517496.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
7,515
6,626
7517851.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
1,191
938
7517882.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
13,019
12,532
7518333.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
4,895
4,736
7518420.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
11,351
11,114
7518814.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
6,240
4,824
7519122.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
7,812
7,209
7519288.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
3,733
3,681
7519415.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
26,265
24,736
7519904.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
16,761
16,286
7522073.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
3,531
3,430
7522198.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
14,337
14,053
7523372.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
7,699
7,530
7524452.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
50,096
48,867
7525992.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
3,116
3,029
7526371.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
942
865
7526405.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
7,479
7,028
7526695.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
4,097
3,957
7526858.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
4,274
4,218
7527291.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
2,958
2,808
7527457.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
1,701
1,350
7527495.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
3,680
3,589
7527927.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
6,729
6,078
7528115.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
18,358
17,457
7528848.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
11,771
11,366
7529363.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
6,121
5,898
7529550.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
5,060
4,628
7529694.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
4,265
4,062
7529795.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
3,446
3,354
7529889.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
8,803
7,796
7530003.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
1,486
1,459
7530054.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
958
933
7530073.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
3,686
2,946
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7530134.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
$
3,805
$
3,645
7530208.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
4,758
4,644
7530311.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
969
961
7530363.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
945
923
7530538.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
5,711
5,441
7530623.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
3,820
3,753
7530748.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
10,274
9,876
7530913.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
1,252
1,224
7530940.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
1,322
487
7531063.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
5,146
5,003
7531188.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
1,132
1,100
7531218.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
400
384
7531240.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
1,844
963
7531544.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
919
896
7531625.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
1,800
1,762
7531797.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
694
674
7531841.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
7,778
6,649
7532175.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
9,506
9,321
7532901.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
1,055
991
7533028.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
10,378
10,253
7533601.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
1,114
1,068
7533614.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
2,211
2,152
7533796.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
754
730
7533832.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
2,841
2,771
7533947.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
4,866
4,673
7534053.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
2,539
1,994
7534142.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
17,119
16,728
7534642.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
3,827
3,788
7534898.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
1,297
1,256
7534950.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
1,094
1,071
7535079.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
6,922
6,742
7535209.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
4,407
4,207
7535457.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
329
321
7535471.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
6,240
6,073
7535638.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
3,725
3,642
7535706.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
5,533
5,082
7535771.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
12,789
12,137
7536198.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
4,661
4,446
7536316.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
1,876
1,833
7536558.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
4,919
4,789
7537473.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
2,764
2,287
7537561.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
3,080
2,673
7537696.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
1,524
1,403
7537888.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
1,038
869
7537945.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
5,467
4,799
7538057.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
836
819
7538075.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
2,377
2,143
7538139.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
2,326
1,976
7538225.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
21,106
20,431
7538687.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
3,246
3,077
7538804.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
1,054
998
7538960.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
5,681
5,470
7539106.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
8,704
8,456
7539273.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
2,122
2,036
7539381.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
5,052
4,872
7539593.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
1,065
591
7539605.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
3,141
2,995
7539707.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
5,649
666
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)
7539954.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
$
10,492
$
10,070
7540529.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
4,259
4,084
7540704.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
2,684
2,593
7540822.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
5,389
5,223
7541039.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
6,502
6,375
7541318.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
3,591
3,380
7541403.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
2,417
2,229
7541633.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
3,906
3,800
7541787.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
2,007
1,963
7541816.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
1,226
1,185
7542083.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
9,824
9,562
7542507.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
4,650
4,586
7542827.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
35,515
34,125
7546093.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
499
452
7546150.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
43,132
41,727
7548015.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
5,010
4,831
7548184.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
18,226
17,437
7548730.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
4,028
3,911
7548813.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
6,364
4,201
7548960.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
30,137
17,648
7549604.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
29,509
28,490
7550399.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
3,362
3,280
7550626.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
2,724
2,650
7550754.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
2,935
2,865
7550886.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
10,635
10,359
7551427.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
1,596
1,542
7551529.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
2,302
2,276
7551820.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
5,844
5,632
7552043.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
19,515
18,723
7552634.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
11,343
9,305
7552871.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
14,836
14,150
7553272.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
328
303
7553281.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
1,177
1,142
7553328.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
1,719
1,658
7553564.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
8,774
8,508
7553731.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
182
181
7554049.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
8,401
7,452
7554280.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
8,530
7,705
7554503.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
613
601
7554540.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
14,730
14,261
7554908.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
3,139
2,556
7554991.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
8,014
7,695
7555230.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
199
185
7555241.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
3,493
3,402
7555354.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
1,349
1,168
7555392.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
3,638
3,547
7555538.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
1,703
1,665
7555608.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
1,210
1,186
7556004.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
1,644
1,606
7556089.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
9,573
9,375
7556459.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
3,054
3,002
7556670.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
3,291
3,186
7556836.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
120
114
7556846.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
2,380
2,130
7556967.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
1,497
1,455
7557050.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
5,487
5,336
7557204.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
15,110
14,584
7559929.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
16,113
13,103
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7560316.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
$
8,578
$
8,185
7560714.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
3,588
3,269
7560827.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
1,238
999
7560908.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
1,706
1,655
7560989.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
2,132
2,093
7561084.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
11,956
9,290
7561365.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
8,668
8,500
7561913.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
5,639
5,514
7562161.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
10,424
10,176
7562735.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
9,223
9,013
7562968.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
11,715
11,525
7563692.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
3,605
3,437
7563965.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
1,957
1,876
7564071.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
11,120
9,417
7564228.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
19,317
18,848
7564822.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
938
892
7564854.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
1,547
1,414
7564905.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
1,505
1,406
7564966.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
1,190
1,148
7565015.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
930
842
7565048.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
1,480
1,445
7565129.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
3,071
2,975
7565344.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
2,696
2,477
7565397.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
13,828
12,156
7565726.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
2,448
2,387
7565789.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
5,354
5,194
7565959.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
1,586
1,572
7566126.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
1,974
1,906
7566244.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
354
296
7566256.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
1,324
1,284
7566494.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
6,519
6,266
7566716.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
3,278
2,374
7566782.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
8,314
5,670
7566884.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
2,878
2,738
7566952.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
10,676
8,589
7567130.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
6,182
5,922
7567206.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
31,450
30,251
7567934.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
2,297
2,234
7568123.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
6,581
6,389
7568291.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
2,852
2,506
7568365.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
4,167
4,062
7568497.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
2,234
1,941
7568551.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
10,981
10,660
7570942.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
15,848
14,939
7571410.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
535
525
7571462.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
1,768
1,757
7571573.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
3,017
2,946
7571608.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
1,762
1,695
7571635.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
7,183
1,884
7572492.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
6,314
5,319
7572648.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
7,562
7,300
7573103.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
3,840
3,783
7573216.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
3,908
3,769
7573307.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
679
668
7573345.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
599
586
7573382.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
2,213
2,133
7573399.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
2,783
2,708
7573674.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
11,190
9,756
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)
7573835.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
$
2,828
$
2,796
7573919.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
36,514
34,974
7574758.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
4,226
4,093
7574849.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
1,031
406
7574854.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
1,472
1,353
7574871.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
2,307
2,251
7574981.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
4,174
3,265
7575053.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
3,161
3,098
7575187.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
1,501
1,434
7575279.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
549
540
7575416.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
1,622
1,310
7575454.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
1,901
1,709
7575552.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
2,900
2,792
7575667.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
748
702
7575710.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
887
853
7575770.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
2,493
2,272
7575980.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
3,266
3,187
7576125.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
26,715
24,067
7576761.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
4,034
3,907
7576839.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
55,366
46,383
7577642.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
540
529
7577672.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
10,517
10,091
7577879.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
11,105
10,937
7578229.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
3,803
3,657
7578336.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
875
834
7578838.SQ.FTS.B
,
Zero
Cpn
,
9/09/25
...
9,754
5,957
7578995.SQ.FTS.B
,
Zero
Cpn
,
9/09/25
...
2,558
2,515
7579091.SQ.FTS.B
,
Zero
Cpn
,
9/09/25
...
4,198
3,823
7579196.SQ.FTS.B
,
Zero
Cpn
,
9/09/25
...
1,682
1,624
7579230.SQ.FTS.B
,
Zero
Cpn
,
9/09/25
...
9,425
9,149
7579458.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
2,724
2,644
7579527.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
20,588
17,066
7579966.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
817
788
7580002.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
878
857
7580077.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
845
754
7580105.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
2,709
2,588
7580167.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
990
962
7580692.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
10,762
10,380
7581601.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
11,099
10,744
7583034.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
1,846
1,685
7583167.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
4,159
4,032
7583337.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
4,968
4,586
7583607.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
626
605
7583634.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
9,366
7,360
7583783.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
1,195
1,160
7583811.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
3,316
2,823
7584361.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
3,698
3,659
7584765.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
10,103
9,344
7585159.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
385
372
7585190.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
12,455
11,675
7585646.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
2,998
260
7585675.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
351
349
7585778.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
1,815
126
7585808.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
2,130
2,032
7585847.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
3,244
3,048
7585960.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
9,811
9,284
7586174.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
3,408
2,589
7586600.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
3,449
3,224
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7586676.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
$
5,832
$
5,652
7586777.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
2,469
2,278
7586796.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
367
362
7586805.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
29,889
29,037
7587518.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
2,810
2,744
7587601.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
29,342
28,645
7588137.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,166
1,121
7588178.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
11,804
11,233
7588636.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
3,921
3,789
7588993.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,371
1,283
7589045.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,836
1,718
7589106.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
11,210
9,949
7589365.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
542
500
7589422.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
7,112
6,889
7590253.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
929
900
7590270.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,945
1,923
7590307.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
38,338
34,015
7590662.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
2,577
2,508
7590709.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
8,283
7,283
7590786.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,821
1,609
7590808.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
983
423
7590818.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
3,223
2,099
7590864.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
2,608
2,486
7593157.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
346
343
7593321.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
3,989
1,134
7593355.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
5,901
5,643
7593404.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
1,456
7
7593413.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
442
407
7593425.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
9,126
8,918
7593660.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
1,662
1,622
7593755.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
5,633
5,024
7593887.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
661
642
7593976.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
4,447
4,336
7594217.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
2,639
2,269
7594499.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
16,706
16,248
7595062.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
3,407
3,328
7595156.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
49,661
44,228
7595843.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
6,183
6,013
7596091.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
447
444
7596125.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
1,520
813
7596132.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
15,381
603
7596310.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
10,886
10,417
7596510.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
1,975
1,916
7596607.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
16,341
14,778
7597086.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
8,110
7,872
7597390.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
4,243
4,095
7597558.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
4,689
4,446
7597755.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
2,527
2,400
7597946.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
10,690
10,170
7598300.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
49,272
47,135
7599078.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
20,267
19,590
7599889.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
5,671
5,501
7599943.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
4,026
3,901
7600042.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
10,087
8,690
7600156.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
1,015
988
7600189.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
1,734
1,679
7600224.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
3,910
3,807
7600284.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
3,281
3,216
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)
7600364.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
$
1,517
$
1,498
7600408.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
2,567
2,459
7600455.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
4,053
3,947
7600522.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
4,292
4,166
7600620.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
4,675
4,457
7600673.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
10,031
9,671
7600890.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
3,306
3,235
7600963.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
4,304
91
7601018.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
6,549
6,424
7601149.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
5,123
5,033
7601324.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
2,444
2,051
7601361.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
3,771
3,646
7601522.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
5,343
5,222
7602145.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
1,270
1,239
7602169.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
1,297
1,245
7602291.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
26,123
16,083
7603372.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
1,545
1,509
7603488.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
4,539
4,427
7603633.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
10,061
9,375
7603874.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
3,679
3,626
7603998.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
1,068
1,030
7604166.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
5
5
7604214.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
2,699
2,583
7604274.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
821
762
7604303.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
896
841
7604328.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
306
297
7604356.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
4,380
2,118
7604490.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
3,880
3,780
7604540.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
3,104
3,039
7604677.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
1,395
1,054
7604748.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
977
918
7605855.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
993
950
7605951.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
3,702
2,641
7606346.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
497
344
7606367.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
9,632
9,412
7607120.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
4,071
3,903
7607281.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
5,362
2,767
7607443.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
18,713
18,032
7607760.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
6,787
6,603
7607900.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
4,721
4,513
7607988.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
4,416
4,364
7608176.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
2,764
2,640
7608378.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
16,637
16,072
7608779.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
1,664
1,582
7608808.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
4,150
4,079
7608878.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
19,212
7,114
7609970.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
4,029
3,907
7610241.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
13,094
12,004
7610531.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
4,695
4,535
7610672.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
1,441
927
7610836.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
17,576
16,458
7611074.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
5,113
5,080
7611475.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
1,401
1,374
7611521.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
1,761
1,695
7611542.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
1,593
1,553
7611682.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
7,184
7,008
7611808.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
5,301
4,062
7611882.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
3,520
3,431
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7611930.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
$
12,811
$
12,211
7612091.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
3,212
3,054
7612139.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
2,709
2,588
7612178.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
2,689
895
7612229.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
3,451
3,241
7612330.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
6,325
6,152
7614483.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
3,030
2,954
7614673.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
2,132
2,089
7614809.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
3,370
3,276
7614965.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
1,113
1,087
7615284.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
3,062
2,596
7615424.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
5,361
5,029
7615580.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
1,642
1,615
7615639.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
933
340
7615676.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
2,060
1,959
7615774.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
3,272
3,158
7615928.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
2,933
2,833
7615986.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
417
49
7616000.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
1,452
1,435
7616218.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
1,554
1,505
7616281.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
2,643
2,574
7616318.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
2,926
2,852
7616394.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
14,606
14,153
7616689.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
25,869
24,603
7617208.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
501
486
7617243.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
8,457
7,934
7617357.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
308
302
7617380.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
4,091
3,840
7617506.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
16,662
16,223
7617834.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
12,604
12,228
7618074.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
1,851
1,828
7618103.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
3,378
3,170
7618230.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
1,130
1,066
7618414.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
1,485
1,422
7618459.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
7,030
3,856
7618682.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
180
170
7618716.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
2,221
385
7618758.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
1,866
1,810
7618821.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
862
829
7618925.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
1,133
957
7618963.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
5,161
4,972
7619187.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
4,265
4,093
7619349.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
1,504
1,452
7619568.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
7,918
7,653
7619821.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
3,858
3,822
7620286.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
2,969
2,373
7620455.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
2,140
1,948
7620513.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
12,300
10,977
7620736.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
3,397
2,098
7620775.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
1,709
1,657
7620790.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
35,429
33,999
7621255.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
6,449
6,226
7621469.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
764
590
7621482.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
687
645
7621511.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
2,925
2,829
7621567.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
741
729
7621586.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
1,424
1,370
7621607.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
1,230
1,030
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)
7621636.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
$
845
$
779
7621644.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
1,611
1,567
7621662.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
3,740
3,592
7621728.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
1,006
920
7621744.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
3,488
3,238
7621792.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
2,127
1,964
7621824.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
1,095
917
7621850.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
3,810
3,724
7621909.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
3,058
2,973
7622010.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
4,837
4,528
7622087.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
1,898
1,849
7622130.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
1,280
1,223
7622152.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
1,747
1,632
7622338.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
4,101
4,007
7622452.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
1,695
1,667
7622540.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
1,897
1,668
7622568.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
2,474
2,181
7622606.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
4,629
4,390
7622698.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
6,103
5,923
7622855.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
1,530
1,498
7622967.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
1,731
1,630
7623000.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
849
809
7623305.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
3,411
3,261
7623486.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
1,071
922
7623635.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
25,751
24,529
7624451.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
7,016
6,628
7625674.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
3,239
3,126
7625779.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
1,370
1,319
7625930.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
5,269
5,075
7626135.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
2,727
2,673
7626246.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
7,733
6,811
7626473.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
656
638
7626517.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
1,120
1,068
7626547.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
28,286
26,867
7627357.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
15,969
15,490
7628012.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
671
655
7628032.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
1,494
1,458
7628124.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
4,979
4,816
7628218.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
4,814
4,749
7628360.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
3,827
3,712
7628436.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
12,806
12,354
7628763.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
13,325
12,689
7628960.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
1,654
1,576
7628978.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
22,561
21,653
7629364.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
3,655
3,540
7629468.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
444
428
7629601.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
11,650
10,480
7629927.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
359
351
7629951.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
2,215
2,150
7630036.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
8,542
8,289
7630264.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
3,686
3,507
7630310.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
2,423
2,377
7630413.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
1,460
1,378
7630437.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
5,214
5,090
7630727.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
943
817
7630761.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
5,672
5,455
7631043.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
8,678
8,291
7631309.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
1,868
1,795
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7631341.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
$
4,005
$
1,963
7631466.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
743
688
7631476.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
3,054
2,987
7631661.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
8,262
8,013
7632309.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
7,856
7,589
7632418.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
10,436
10,137
7632577.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
537
516
7632590.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
5,462
5,282
7632735.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
1,700
1,638
7632786.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
9,953
9,628
7633003.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
1,337
1,261
7633024.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
1,588
1,435
7633051.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
5,977
5,796
7633194.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
3,661
3,420
7633243.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
510
492
7633336.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
50,375
46,420
7635770.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
6,028
5,870
7635987.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
7,028
6,842
7636234.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
7,288
6,995
7636576.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
685
297
7636598.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
11,565
10,951
7637040.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
888
880
7637109.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
2,553
2,468
7637218.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
4,772
4,643
7637396.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
17,809
16,227
7637893.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
1,272
1,237
7637918.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
344
333
7637924.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
2,725
2,621
7637976.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
1,668
1,541
7638088.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
46,736
44,600
7639142.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
10,577
10,346
7639546.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
5,780
5,551
7639738.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
1,110
1,079
7640033.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
2,669
2,422
7640139.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
6,346
6,140
7640475.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
867
827
7640597.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
3,467
3,348
7640803.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
9,100
8,725
7641160.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
9,119
7,864
7641334.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
3,448
3,292
7641451.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
3,460
3,386
7641526.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
46,302
45,338
7642843.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
10,132
9,700
7643410.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
3,159
3,032
7643463.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
1,616
1,465
7643527.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
3,695
3,545
7643601.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
3,318
2,952
7643661.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
2,973
2,795
7643728.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
717
683
7643746.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
1,708
1,442
7643773.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
6,690
4,415
7644051.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
8,209
7,952
7644282.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
6,836
5,005
7644464.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
2,218
2,156
7644529.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
1,153
1,127
7644555.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
1,245
1,169
7644585.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
947
684
7644603.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
1,045
1,033
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)
7644653.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
$
11,832
$
11,455
7644916.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
17,621
17,198
7645578.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
3,615
3,541
7645742.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
1,188
902
7645837.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
3,392
3,295
7646187.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
2,689
2,642
7646393.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
1,261
1,233
7646434.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
4,893
4,707
7646577.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
17,459
14,621
7647423.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
6,587
6,368
7647604.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
765
170
7647610.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
1,196
1,164
7647640.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
5,613
3,945
7647771.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
9,549
8,559
7648029.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
1,264
1,228
7648074.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
5,601
4,960
7648334.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
1,068
1,023
7648382.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
5,078
4,892
7648497.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
6,257
6,066
7648714.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
11,574
10,784
7649087.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
12,368
9,128
7649633.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
838
742
7649660.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
5,651
5,470
7649954.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
8,800
7,863
7650285.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
3,497
3,262
7650417.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
1,455
1,362
7650544.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
592
344
7650571.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
373
255
7650602.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
17,565
16,692
7651364.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
7,439
7,210
7651638.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
7,513
7,222
7651981.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
7,784
7,221
7652270.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
4,968
4,802
7652433.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
33,294
31,131
7653462.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
1,554
1,531
7653541.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
5,439
5,252
7653704.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
909
849
7653745.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
11,959
11,688
7653897.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
32,904
31,853
7655526.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
8,691
8,388
7655618.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
460
444
7655626.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
4,983
4,807
7655822.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
1,932
1,843
7655878.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
4,322
4,114
7656031.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
4,073
3,878
7656108.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
3,948
3,884
7656279.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
28,990
23,288
7656835.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
12,335
8,613
7657031.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
551
497
7657073.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
7,264
6,950
7657210.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
3,066
2,948
7657303.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
3,205
3,107
7657387.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
4,672
4,415
7657535.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
13,801
13,124
7659758.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
8,970
8,605
7660334.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
6,279
6,142
7660551.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
2,292
2,198
7660650.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
6,210
6,060
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7661033.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
$
3,103
$
2,950
7661117.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
1,567
1,535
7661178.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
1,834
1,785
7661244.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
2,091
2,024
7661332.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
17,284
15,681
7661952.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
3,204
3,136
7662064.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
2,663
2,554
7662128.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
9,562
9,004
7662351.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
7,665
7,535
7662648.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
3,951
3,784
7662720.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
1,409
1,382
7662812.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
1,272
1,257
7662887.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
2,145
1,440
7662951.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
2,183
2,084
7663011.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
4,592
4,468
7663168.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
32,973
31,275
7663719.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
830
806
7663730.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
6,741
6,452
7663910.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
6,924
6,598
7664056.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
5,743
5,517
7664116.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
3,665
3,381
7664265.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
3,714
3,578
7664385.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
6,971
5,399
7664553.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
4,897
4,791
7664806.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
1,256
1,185
7664952.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
6,757
6,578
7665229.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
876
672
7665249.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
1,936
1,816
7665308.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
3,395
3,359
7665593.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
12,296
11,904
7666023.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
3,131
3,023
7666093.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
2,770
2,349
7666180.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
2,768
2,616
7666268.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
31,115
29,304
7666862.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
2,367
2,311
7666930.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
21,722
21,305
7667633.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
3,530
3,406
7667727.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
2,382
2,209
7667755.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
1,660
907
7667780.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
2,811
2,614
7667844.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
1,918
1,686
7667871.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
138
136
7667970.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
1,919
1,805
7668006.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
1,353
654
7668021.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
3,504
3,427
7668197.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
643
622
7668218.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
7,391
6,572
7668587.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
823
811
7668638.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
1,296
1,277
7668700.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
1,899
1,656
7668756.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
2,594
2,200
7668805.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
7,050
6,854
7669006.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
1,481
1,252
7669032.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
1,653
1,608
7669106.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
1,643
1,585
7669149.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
984
959
7669190.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
595
583
7669222.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
1,496
1,427
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)
7669274.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
$
2,284
$
2,206
7669335.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
7,207
6,931
7669479.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
5,174
4,790
7669597.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
11,097
10,689
7670325.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
1,732
1,682
7670432.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
690
675
7670565.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
4,213
4,029
7670835.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
6,415
6,159
7671146.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
19,918
17,626
7671674.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
6,960
6,764
7671877.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
6,097
5,904
7672063.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
1,125
1,023
7672082.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
6,063
5,937
7672283.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
17,420
17,076
7672965.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
3,196
3,118
7673043.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
1,927
1,807
7673560.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
2,032
633
7673595.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
6,992
6,844
7673962.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
8,078
7,776
7674174.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
1,511
1,312
7674236.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
4,511
4,404
7674435.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
875
824
7674465.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
13,236
12,978
7675084.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
3,097
3,018
7675227.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
33,955
32,350
7675858.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
13,134
12,660
7676242.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
12,778
12,339
7676659.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
4,401
4,262
7676761.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
3,321
3,218
7676834.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
1,451
1,367
7676891.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
3,075
2,993
7676971.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
29,149
27,859
7677328.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
15,913
15,348
7677953.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
915
871
7678020.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
6,279
4,466
7678212.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
1,115
1,103
7678325.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
5,632
5,480
7678476.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
1,206
1,192
7678551.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
30,089
29,156
7679023.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
466
459
7679039.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
1,276
1,240
7679072.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
623
609
7679109.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
705
686
7679132.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
9,238
8,761
7679301.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
3,928
3,830
7679386.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
4,537
4,426
7679500.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
9,422
9,079
7679735.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
740
707
7679824.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
1,787
1,722
7679904.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
264
254
7679932.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
20,726
13,695
7680177.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
721
706
7680242.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
16,681
6,653
7682349.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
12,536
12,353
7683137.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
4,344
4,207
7683330.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
798
481
7683362.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
347
344
7683420.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
14,614
14,128
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7683918.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
$
2,271
$
2,192
7683968.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
8,724
8,430
7684077.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
1,611
1,575
7684114.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
4,598
4,351
7684208.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
1,004
947
7684244.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
23,715
21,898
7684714.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
1,380
1,331
7684768.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
48,378
46,328
7685756.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
2,184
2,122
7685832.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
3,686
3,573
7685965.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
2,250
2,163
7686011.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
25,506
24,949
7686046.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
2,873
2,752
7686225.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
1,808
1,757
7686363.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
8,416
8,136
7686699.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
4,665
4,455
7687046.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
9,099
8,403
7687478.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
45,259
43,784
7688769.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
4,255
4,164
7688969.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
12,578
12,171
7689288.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
2,622
2,434
7689360.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
1,646
457
7689383.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
197
194
7689406.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
4,436
4,277
7689528.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
1,015
992
7689554.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
2,494
2,415
7689594.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
6,686
6,515
7689723.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
5,280
653
7689823.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
2,696
2,598
7689881.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
15,807
15,007
7690173.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
3,579
2,977
7690244.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
1,300
1,270
7690284.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
554
535
7690305.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
3,467
3,326
7690350.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
260
252
7690365.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
14,950
12,748
7690576.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
4,256
4,038
7690639.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
285
280
7690708.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
13,381
13,063
7691188.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
18,949
16,645
7691820.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
12,476
11,972
7692257.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
3,256
2,652
7692327.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
2,276
2,194
7692413.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
3,211
2,483
7692497.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
1,663
1,591
7692514.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
7,308
6,553
7692644.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
12,246
11,718
7692901.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
36,592
32,201
7693481.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
1,612
1,595
7693629.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
22,546
22,171
7694203.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
1,390
1,345
7694251.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
29,286
27,907
7694579.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
1,347
1,204
7694647.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
1,718
1,680
7694877.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
6,957
6,345
7695167.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
9,600
9,351
7695580.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
25,000
24,104
7696246.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
43,042
41,186
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)
Block,
Inc.
(continued)
7697053.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
$
3,499
$
2,944
7697100.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
36,478
35,185
7697586.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
3,298
3,153
7697760.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
13,140
11,069
7698114.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
7,046
6,801
7698469.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
3,650
3,497
7698543.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
303
296
7698550.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
10,851
10,524
7698851.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
4,767
4,652
7698956.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
38,245
36,413
7699571.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
4,366
4,247
7699678.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
60,103
50,625
7701604.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
19,103
18,355
7702770.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
10,225
10,104
7703272.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
3,504
3,418
7703342.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
4,321
3,590
7703447.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
5,857
5,227
7703659.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
116
115
7703690.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
2,963
2,691
7703768.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
6,730
6,085
7703931.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
4,154
3,432
7704025.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
3,648
3,492
7704108.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
22,815
22,278
7704446.SQ.FTS.B
,
Zero
Cpn
,
10/19/25
..
23,407
22,605
7705636.SQ.FTS.B
,
Zero
Cpn
,
10/19/25
..
955
653
7705658.SQ.FTS.B
,
Zero
Cpn
,
10/19/25
..
5,725
5,442
7706046.SQ.FTS.B
,
Zero
Cpn
,
10/19/25
..
20,034
19,481
7706641.SQ.FTS.B
,
Zero
Cpn
,
10/19/25
..
4,290
4,230
7706760.SQ.FTS.B
,
Zero
Cpn
,
10/20/25
..
622
613
7706800.SQ.FTS.B
,
Zero
Cpn
,
10/20/25
..
31,136
25,215
7707236.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
1,185
842
7707263.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
11,690
5,690
7707433.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
659
627
7707465.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
2,632
2,588
7707523.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
6,636
6,168
7707639.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
2,070
1,935
7707699.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
2,952
2,902
7708047.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
403
380
7708335.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
2,916
2,863
7708527.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
1,285
1,268
7708559.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
8,818
8,614
7708698.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
15,668
15,078
7708913.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
2,472
2,399
7708954.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
1,307
1,226
7708968.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
3,493
3,409
7709065.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
8,949
8,677
7709339.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
992
880
7709358.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
8,774
7,785
7709659.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
29,057
27,752
7709732.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
4,827
2,316
7709871.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
7,012
6,807
7710153.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
4,064
3,753
7710290.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
6,177
6,107
7710649.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
223
218
7710660.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
5,307
5,153
7710838.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
616
598
7710864.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
18,129
17,131
7712558.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
1,293
1,257
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7712804.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
$
6,145
$
5,999
7713605.SQ.FTS.B
,
Zero
Cpn
,
10/24/25
..
3,970
3,203
7716286.SQ.FTS.B
,
Zero
Cpn
,
10/24/25
..
8,356
8,105
7721341.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
4,900
3,882
7721658.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
18,192
17,168
7722216.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
3,017
2,977
7722327.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
3,483
3,102
7722377.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
1,509
1,406
7722407.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
1,486
1,431
7722451.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
34,442
27,641
7722939.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
4,013
3,822
7723018.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
2,941
2,869
7723060.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
7,540
6,846
7723151.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
1,614
1,489
7723191.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
1,667
1,297
7723215.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
1,039
1,002
7723243.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
6,547
6,392
7723359.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
3,097
2,995
7723453.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
4,363
4,145
7723529.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
241
239
7723554.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
7,281
5,717
7723645.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
6,641
6,421
7723735.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
7,544
7,218
7723818.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
806
796
7723857.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
900
230
7723871.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
46,304
42,777
7724732.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
4,184
3,934
7724859.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
5,995
5,370
7724975.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
7,739
7,491
7725121.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
982
830
7725135.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
2,243
2,177
7725188.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
8,957
8,525
7725405.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
4,976
4,643
7725475.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,021
966
7725502.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
766
747
7725539.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
878
859
7725551.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
15,603
12,129
7725788.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
10,893
9,117
7725971.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
3,655
2,148
7726054.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,059
643
7726083.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
928
858
7726120.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
3,705
3,524
7726549.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
9,041
8,713
7726661.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
6,583
6,386
7726761.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,530
1,493
7726791.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
2,856
2,658
7726829.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,314
1,279
7726860.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
2,574
2,474
7726899.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,110
1,063
7726919.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
3,332
3,173
7727004.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
5,770
5,445
7727081.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
924
856
7727098.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
8,020
7,692
7727314.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
7,750
7,533
7727480.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
18,853
16,536
7728006.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
606
599
7728035.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
21,855
21,128
7728384.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
2,742
2,716
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)
Block,
Inc.
(continued)
7728496.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
$
428
$
414
7728508.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
6,449
5,876
7728592.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
4,400
4,119
7728653.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,876
1,701
7728688.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
25,501
23,300
7729101.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,272
1,222
7729120.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
160
158
7729127.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
4,076
4,008
7729214.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,684
1,538
7729313.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
2,023
1,799
7729339.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
2,030
1,745
7729363.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
12,842
11,518
7729519.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,414
1,198
7729585.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,672
1,595
7729611.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
9,942
9,071
7729708.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,857
1,759
7729745.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
3,180
2,936
7729833.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
493
484
7729867.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
7,767
6,990
7729980.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,319
1,232
7729995.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
11,037
10,597
7730144.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,086
1,047
7730170.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
4,266
4,088
7730235.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
8,118
7,848
7730370.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
29,120
28,222
7730548.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
2,086
1,979
7730584.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
5,605
5,378
7730639.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
2,496
2,419
7730662.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
3,295
3,145
7730686.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
671
648
7730699.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
1,034
1,014
7730736.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
1,921
1,742
7730750.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
41,400
40,468
7733070.SQ.FTS.B
,
Zero
Cpn
,
10/28/25
..
4,109
3,920
7733199.SQ.FTS.B
,
Zero
Cpn
,
10/28/25
..
6,568
6,326
7733690.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
3,346
3,228
7733816.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
1,590
689
7733869.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
27,195
26,219
7736276.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
3,065
2,954
7736401.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
1,588
735
7736449.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
1,059
718
7736486.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
1,678
1,568
7736522.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
2,913
2,806
7736769.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
2,773
2,707
7736833.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
12,460
10,189
7737408.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
3,564
3,451
7737594.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
2,520
2,346
7737788.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
2,665
2,451
7738059.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
7,143
6,676
7738264.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
3,388
2,765
7738354.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
56,723
53,228
7740168.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
5,816
5,621
7740354.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
2,411
2,263
7740420.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
6,346
6,123
7740625.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
6,828
6,531
7740805.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
1,927
1,747
7740890.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
2,991
2,875
7741044.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
3,894
3,706
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7741105.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
$
2,262
$
2,134
7741158.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
1,606
1,322
7741182.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
4,138
4,022
7741295.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
3,709
2,763
7741355.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
28,659
27,152
7741956.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
23,138
22,193
7742470.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
4,230
4,081
7742610.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
524
457
7742637.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
5,179
3,272
7742672.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
872
845
7742729.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
7,424
7,175
7743007.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
5,622
5,420
7743177.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
14,919
13,831
7743718.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
12,193
11,724
7744135.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
34,185
32,808
7745098.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
12,990
12,369
7745293.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
1,297
1,197
7745323.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
615
597
7745347.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
2,099
1,946
7745388.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
4,492
4,294
7745464.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
9,687
9,265
7745686.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
13,614
12,554
7745917.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
11,661
11,241
7746156.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
4,694
4,484
7746271.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
3,344
3,212
7746353.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
1,120
1,053
7746389.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
12,910
11,917
7746620.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
1,838
1,726
7746640.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
2,559
2,144
7746681.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
2,584
2,482
7749213.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
1,960
1,716
7749370.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
5,031
4,843
7749545.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
2,209
2,108
7749662.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
3,930
3,763
7750009.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
9,198
8,882
7750529.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
4,082
3,866
7750657.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
8,579
8,219
7750847.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
3,856
3,706
7750975.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
2,898
2,799
7751057.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
1,702
1,630
7751116.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
780
736
7751149.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
2,142
1,921
7751202.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
5,223
5,024
7751348.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
4,562
4,133
7751468.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
6,560
6,385
7751628.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
47,994
44,795
7752414.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
971
879
7752431.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
23,922
22,738
7752857.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
7,048
6,593
7753005.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
19,157
18,096
7753500.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
5,186
4,875
7753708.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
870
698
7753723.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
5,202
4,588
7753880.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
6,263
5,998
7754188.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
5,011
4,582
7754457.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
19,245
18,437
7754915.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
3,959
3,824
7754983.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
4,303
4,118
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)
Block,
Inc.
(continued)
7755082.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
$
6,070
$
5,596
7755296.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
2,813
2,563
7755376.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
57,061
48,202
7756459.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
34,340
33,294
7757548.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
1,346
1,256
7757597.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
5,360
5,113
7757738.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
8,831
8,471
7758010.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
2,389
2,294
7758085.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
6,308
6,044
7758233.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
3,321
3,026
7758320.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
10,096
9,688
7758588.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
682
508
7758603.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
9,245
8,959
7758898.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
2,584
1,985
7758987.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
6,622
6,304
7759155.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
1,505
1,423
7759203.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
1,497
1,436
7759285.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
4,861
4,450
7759390.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
459
438
7759395.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
2,947
2,734
7759517.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
5,915
5,677
7759674.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
3,535
3,360
7759786.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
3,210
3,072
7760116.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
20,454
19,519
7761030.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
8,910
8,552
7761883.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
1,880
1,801
7761917.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
4,615
4,384
7762026.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
13,565
12,954
7762403.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
618
513
7762412.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
16,593
15,667
7762756.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
1,490
1,443
7762809.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
26,288
25,098
7763832.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
4,782
4,587
7764341.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
1,004
972
7764401.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
8,344
7,859
7764704.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
441
427
7764731.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
8,907
8,451
7764994.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
6,066
5,786
7765288.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
25,429
22,380
7765928.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
8,660
8,229
7766084.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
2,878
2,761
7766132.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
13,274
12,621
7766378.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
4,921
4,554
7766482.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
14,578
14,079
7766859.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
7,715
7,398
7767028.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
2,329
2,260
7767084.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
7,539
7,098
7767244.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
1,768
1,700
7767303.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
5,894
5,435
7767426.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
2,030
931
7767493.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
3,768
3,620
7767625.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
5,648
5,366
7767768.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
10,288
9,397
7767967.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
15,677
15,061
7768023.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
3,994
3,514
7768119.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
7,391
6,757
7768257.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
14,037
13,442
7768772.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
26,997
25,822
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7769585.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
$
23,786
$
22,825
7770236.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
3,616
3,488
7770331.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
3,189
3,061
7770375.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
6,245
6,005
7770493.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
7,464
7,168
7770616.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
9,684
9,010
7770795.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
2,936
2,790
7770825.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
14,846
14,328
7771118.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
13,005
12,000
7771294.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
1,951
1,857
7771331.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
2,230
2,068
7771380.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
7,097
5,830
7771470.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
5,665
4,572
7773802.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
4,991
4,776
7773938.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
28,072
26,972
7774857.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
6,591
5,780
7775082.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
1,558
1,065
7775162.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
7,067
6,461
7775404.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
1,817
1,736
7775502.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
10,114
9,702
7775734.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
6,173
5,932
7775864.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
2,427
1,488
7775895.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
1,252
1,203
7775920.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
3,799
3,621
7776001.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
14,897
14,153
7776286.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
40,817
38,076
7777130.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
6,909
3,312
7777276.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
12,966
12,431
7777602.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
4,217
3,828
7777802.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
8,291
7,302
7777980.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
4,106
3,974
7778143.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
1,767
1,714
7778235.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
10,366
9,859
7778609.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
9,731
7,910
7779023.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
9,510
9,093
7779305.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
33,736
27,717
7779799.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
8,703
8,111
7780015.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
12,204
11,625
7780294.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
4,146
3,660
7780399.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
8,467
7,978
7780582.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
1,743
1,605
7780603.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
7,571
7,268
7780689.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
5,019
4,804
7780784.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
4,537
4,261
7780941.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
5,867
5,566
7781152.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
10,708
10,168
7781316.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
3,190
3,064
7781366.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
11,627
8,655
7781489.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
3,125
2,297
7781532.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
3,752
3,521
7781571.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
31,883
30,499
7781644.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
6,310
6,056
7781764.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
2,514
2,423
7781827.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
1,447
1,372
7781853.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
1,705
1,603
7781897.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
5,293
5,063
7781988.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
1,927
1,743
7782030.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
2,597
2,485
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)
Block,
Inc.
(continued)
7782090.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
$
7,230
$
6,923
7782281.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
2,788
1,347
7782322.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
1,840
1,702
7782362.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
197
191
7782369.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
15,016
14,082
7782728.SQ.FTS.B
,
Zero
Cpn
,
11/12/25
..
16,010
12,451
7783055.SQ.FTS.B
,
Zero
Cpn
,
11/12/25
..
2,898
2,792
7783136.SQ.FTS.B
,
Zero
Cpn
,
11/12/25
..
5,840
5,604
7783288.SQ.FTS.B
,
Zero
Cpn
,
11/12/25
..
3,961
3,765
7783413.SQ.FTS.B
,
Zero
Cpn
,
11/12/25
..
19,920
19,159
7784162.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
975
921
7784233.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
24,947
23,696
7785541.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
4,055
3,393
7785624.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
22,776
21,984
7786454.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
4,613
4,427
7786619.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
4,392
2,197
7786749.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
6,211
5,940
7786914.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
1,872
1,768
7786961.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
14,449
13,884
7787346.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
6,462
6,275
7787534.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
4,930
4,693
7787628.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
767
731
7787653.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
565
478
7787680.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
1,885
1,720
7787720.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
913
878
7787828.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
15,738
14,714
7788283.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
1,367
1,240
7788335.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
1,749
1,673
7788373.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
1,930
1,851
7788398.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
3,525
3,242
7788501.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
1,419
1,355
7788537.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
3,291
2,977
7788698.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
5,014
4,615
7788925.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
715
691
7789035.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
878
843
7789078.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
3,204
2,725
7789413.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
12,913
12,141
7789741.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
2,030
1,936
7789785.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
15,310
12,707
7790074.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
7,361
7,012
7790216.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
13,085
11,185
7790447.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
2,460
2,316
7790482.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
3,673
3,529
7790551.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
601
572
7790572.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
3,113
2,866
7790588.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
1,169
1,104
7790606.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
1,229
1,165
7790611.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
2,153
2,046
7790637.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
4,232
3,851
7790688.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
2,500
2,405
7790719.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
18,547
17,329
7790899.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
27,145
26,148
7791218.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
4,160
3,992
7791283.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
4,462
4,270
7791367.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
3,930
3,747
7791450.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
906
837
7791472.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
824
773
7791489.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
11,772
11,217
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7792563.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
$
14,265
$
13,349
7792991.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
4,980
4,778
7793222.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
8,956
8,598
7793414.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
3,945
3,769
7793478.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
7,137
6,825
7793619.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
7,822
7,572
7793748.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
1,558
1,473
7793776.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
2,719
2,612
7793801.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
56,457
53,721
7794988.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
3,180
2,782
7795060.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
994
911
7795074.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
10,647
9,751
7797027.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
11,776
10,003
7797336.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
25,469
24,173
7798084.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
17,531
16,756
7798391.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
3,000
2,646
7798442.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
2,633
2,528
7798489.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
38,467
36,333
7799199.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
5,468
5,227
7799266.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
13,521
12,811
7799705.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
5,064
4,671
7799914.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
13,464
12,048
7800202.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
10,496
8,952
7800651.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
12,897
12,452
7800855.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
9,672
9,206
7801003.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
5,555
5,224
7801213.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
1,855
1,739
7801290.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
8,788
8,399
7801628.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
1,394
1,287
7801676.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
25,548
24,422
7802236.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
3,719
3,532
7802297.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
19,306
17,654
7802711.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
4,956
4,790
7802847.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
6,296
6,060
7802938.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
4,656
4,464
7803043.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
14,231
13,523
7803396.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
4,878
4,644
7803499.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
282
272
7803531.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
4,197
4,011
7803580.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
49,762
47,583
7803963.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
7,456
7,103
7804079.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
2,791
2,603
7804119.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
10,423
9,703
7804292.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
28,110
26,443
7804767.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
1,662
1,569
7804801.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
17,812
10,863
7805006.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
3,599
3,394
7805062.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
2,755
2,633
7805105.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
6,639
5,894
7805193.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
24,584
22,560
7805532.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
5,555
5,214
7805778.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
1,336
1,282
7805819.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
6,255
5,957
7806145.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
1,684
1,181
7806254.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
6,165
5,643
7806613.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
2,042
1,930
7806681.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
2,764
2,613
7806813.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
6,366
6,130
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)
Block,
Inc.
(continued)
7807000.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
$
2,178
$
1,986
7807193.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
2,069
1,949
7807251.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
5,411
5,084
7807399.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
3,735
3,459
7807492.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
5,056
4,831
7807568.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
11,300
6,187
7807761.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
4,607
4,402
7807859.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
2,080
1,947
7807891.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
56,053
51,824
7808915.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
11,839
10,837
7809178.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
1,294
1,239
7809224.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
7,726
7,080
7809529.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
7,480
7,207
7810113.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
1,849
1,798
7810517.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
736
701
7810559.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
4,124
3,643
7810661.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
11,114
10,728
7811180.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
4,308
4,069
7811277.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
5,846
5,602
7811381.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
9,116
7,783
7811613.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
2,346
1,385
7811669.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
5,294
5,111
7811831.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
7,287
7,034
7811989.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
543
440
7812005.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
840
654
7812032.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
3,089
2,943
7812133.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
2,582
2,470
7812210.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
17,660
16,842
7812609.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
15,806
15,028
7812847.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
1,001
910
7812863.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
11,750
11,160
7813084.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
27,429
26,121
7813267.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
751
705
7813348.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
7,150
6,831
7813604.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
26,463
25,064
7814712.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
7,567
7,262
7814928.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
13,451
12,708
7815211.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
25,880
24,923
7815748.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
1,351
1,296
7815779.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
5,908
5,566
7815881.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
6,842
6,562
7816062.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
17,725
16,230
7816313.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
2,849
2,708
7816346.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
7,054
6,758
7816500.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
4,981
2,435
7816608.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
3,611
2,885
7816657.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
34,936
33,004
7821094.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
4,236
4,067
7821229.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
15,163
13,893
7821545.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
6,511
5,908
7821733.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
22,160
21,191
7822550.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
1,018
922
7822581.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
689
661
7822620.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
921
824
7822641.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
2,217
2,017
7822709.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
2,957
2,852
7822986.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
47,243
45,472
7823822.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
285
275
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7824128.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
$
7,862
$
7,517
7824300.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
9,468
8,859
7824492.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
919
866
7824520.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
1,376
1,283
7824557.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
74,997
71,816
7825434.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
5,865
5,157
7825597.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
3,037
2,157
7825664.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
2,218
2,114
7825732.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
1,555
1,467
7825753.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
2,183
2,067
7825801.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
8,102
7,731
7825957.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
7,536
6,912
7826090.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
8,506
7,300
7826231.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
1,965
1,808
7826265.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
4,142
3,761
7826405.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
3,732
3,551
7826584.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
4,735
1,939
7826809.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
6,324
6,034
7826919.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
8,302
7,862
7827147.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
4,540
4,185
7827287.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
3,636
3,460
7827375.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
2,481
1,610
7827451.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
16,846
16,032
7827852.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
6,999
6,777
7828089.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
3,296
3,202
7828256.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
5,756
5,506
7828403.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
9,992
9,512
7828584.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
2,384
2,293
7828659.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
4,900
4,055
7828799.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
2,744
2,544
7828872.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
13,077
12,372
7829280.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
2,468
2,377
7829323.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
2,917
2,767
7829413.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
2,215
2,130
7829456.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
4,313
2,623
7829547.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
12,288
11,734
7829786.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
12,418
11,779
7830057.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
2,177
2,043
7830149.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
5,907
5,661
7830288.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
24,495
22,776
7830987.SQ.FTS.B
,
Zero
Cpn
,
11/26/25
..
814
735
7831008.SQ.FTS.B
,
Zero
Cpn
,
11/26/25
..
2,039
1,904
7831043.SQ.FTS.B
,
Zero
Cpn
,
11/26/25
..
35,127
33,370
7831985.SQ.FTS.B
,
Zero
Cpn
,
11/27/25
..
2,320
2,204
7832019.SQ.FTS.B
,
Zero
Cpn
,
11/27/25
..
1,359
768
7832046.SQ.FTS.B
,
Zero
Cpn
,
11/27/25
..
2,011
1,844
7832097.SQ.FTS.B
,
Zero
Cpn
,
11/27/25
..
4,378
4,152
7832167.SQ.FTS.B
,
Zero
Cpn
,
11/27/25
..
42,189
40,121
7833584.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
20,967
19,894
7834321.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
12,977
12,146
7834639.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
5,608
5,403
7834882.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
22,819
21,875
7835568.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
11,343
10,795
7835805.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
2,185
2,092
7835872.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
19,580
16,908
7836366.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
16,679
15,572
7836632.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
5,334
5,027
7836710.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
3,627
3,449
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)
Block,
Inc.
(continued)
7836809.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
$
3,639
$
3,350
7836917.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
938
896
7836937.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
8,614
8,172
7837221.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
39,406
36,327
7838178.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
699
623
7838369.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
1,956
1,881
7838403.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
2,404
2,261
7838425.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
11,788
11,066
7838604.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
3,557
3,389
7838671.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
1,821
1,703
7838689.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
50,489
41,780
7839369.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
2,664
2,542
7839418.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
317
306
7839423.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
17,474
16,633
7839709.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
1,876
1,575
7839740.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
2,165
2,074
7839773.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
16,836
16,091
7840042.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
1,825
1,275
7840060.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
7,551
6,947
7842353.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
6,199
5,955
7842544.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
2,938
2,824
7842602.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
9,337
8,788
7842809.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
716
675
7842830.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
4,465
4,247
7842907.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
592
486
7842933.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
9,240
8,833
7843231.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
21,519
20,637
7843944.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
4,297
4,119
7844035.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
357
346
7844065.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
15,831
15,027
7844495.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
7,287
6,970
7844665.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
6,629
6,344
7844795.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,103
1,067
7844828.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
7,943
6,743
7844988.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
2,924
2,802
7845051.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
76,633
73,388
7846326.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
12,730
12,140
7846511.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
12,261
11,619
7846525.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
2,996
2,786
7846643.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
11,982
11,483
7846983.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
2,136
2,023
7847052.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
11,304
10,803
7847450.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,410
1,330
7847473.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
25,424
24,166
7848246.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
896
851
7848275.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
4,642
4,456
7848339.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
2,440
2,323
7848375.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
14,941
14,215
7848645.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
7,305
7,016
7848752.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
8,278
7,974
7848851.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
908
788
7848873.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
937
818
7848896.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,781
1,730
7848970.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
4,522
4,285
7849083.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
77,611
67,115
7850177.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
3,452
3,275
7850294.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
873
777
7850320.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,766
1,699
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7850414.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
$
909
$
850
7850456.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
1,515
1,380
7850480.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
3,546
3,358
7850543.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
2,408
2,254
7850583.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
25,926
24,371
7850990.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
10,941
10,451
7851139.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
2,914
2,789
7851179.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
4,256
3,957
7851245.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
493
469
7851253.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
960
924
7851273.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
23,323
22,269
7851656.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
1,519
1,362
7851686.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
7,096
6,703
7851807.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
7,947
7,674
7851973.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
945
871
7851995.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
7,700
7,331
7852149.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
4,935
4,713
7852271.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
1,043
953
7852294.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
15,257
14,202
7852856.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
2,878
2,750
7852973.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
2,133
2,068
7853249.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
1,561
1,504
7853359.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
3,541
3,386
7853534.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
2,888
2,769
7853646.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
50,487
47,615
7854548.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
4,042
3,865
7854629.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
17,746
15,842
7854917.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
58,772
56,224
7856319.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
2,006
1,920
7856395.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
918
889
7856445.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
15,247
14,504
7856667.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
5,004
4,764
7856844.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
3,055
2,867
7856900.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
9,728
9,259
7857130.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
1,465
1,402
7857160.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
1,458
1,378
7857244.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
30,762
29,315
7858107.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
3,639
3,468
7858166.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
11,044
10,444
7858474.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
8,164
7,735
7858654.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
26,716
25,637
7859130.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
7,119
6,815
7859211.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
2,297
2,197
7859237.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
5,673
5,435
7859357.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
11,887
11,390
7859518.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
2,619
2,522
7859573.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
27,244
26,160
7860080.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
8,923
8,549
7860273.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
4,193
3,985
7860342.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
6,553
6,251
7860498.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
480
461
7860520.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
814
744
7860566.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
2,471
2,330
7860603.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
3,530
2,856
7860683.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
1,654
1,477
7860764.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
13,877
13,017
7861082.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
815
752
7861101.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
10,689
10,096
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)
Block,
Inc.
(continued)
7861293.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
$
14,121
$
13,522
7861729.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
3,797
3,619
7861808.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
1,915
1,815
7861838.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
43,141
41,304
7862527.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
9,027
8,649
7862649.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
31,405
30,228
7863141.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
2,291
2,045
7863179.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
688
662
7863191.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
4,152
3,955
7863225.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
6,419
6,086
7863344.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
1,905
1,772
7863392.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
25,283
23,306
7863709.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
2,944
2,563
7863751.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
1,351
1,278
7863771.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
3,403
3,131
7863840.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
1,229
1,192
7863894.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
6,274
5,969
7864075.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
2,720
2,591
7864127.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
21,077
20,042
7866420.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
4,826
4,169
7866530.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
754
729
7866547.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
6,252
6,000
7866692.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
4,312
4,089
7866803.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
23,907
22,039
7867439.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
30,208
28,874
7868157.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
9,356
6,790
7868265.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
9,378
8,727
7868430.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
5,416
5,125
7868506.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
1,919
1,771
7868524.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
11,709
11,081
7868727.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
5,688
5,423
7868834.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
3,378
3,261
7868920.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
1,920
1,817
7868980.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
1,099
1,031
7869066.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
1,629
1,415
7869107.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
3,411
3,255
7869166.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
806
764
7869191.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
5,483
5,240
7869279.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
617
584
7869294.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
3,784
3,620
7869347.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
4,045
3,718
7869425.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
2,027
1,783
7869449.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
5,263
5,004
7869522.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
9,609
9,143
7869645.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
28,075
27,110
7870287.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
1,154
1,053
7870343.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
2,141
2,054
7870377.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
10,397
9,929
7870583.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
9,449
8,996
7870837.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
23,301
21,979
7871556.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
15,620
14,907
7871915.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
7,141
6,772
7872068.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
92,079
87,229
7873308.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
1,849
1,664
7873357.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
9,368
8,866
7873479.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
1,193
1,090
7873523.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
47,766
45,659
7873942.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
871
832
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7873983.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
$
1,089
$
1,032
7874044.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
9,103
7,969
7874157.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
5,090
4,695
7874211.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
910
828
7874225.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
8,913
8,220
7874324.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
8,162
7,765
7874444.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
2,315
2,173
7874482.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
26,985
25,711
7874823.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
2,237
2,123
7874858.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
5,821
5,548
7874931.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
6,460
6,132
7875013.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
3,149
3,042
7875074.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
6,706
6,447
7875192.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
12,763
12,126
7875342.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
15,432
14,786
7875615.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
13,908
13,198
7875793.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
1,553
1,467
7875826.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
26,662
25,255
7876689.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
6,834
6,404
7876887.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
39,343
37,547
7877672.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
711
674
7877689.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
5,698
5,302
7877777.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
6,046
5,679
7877874.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
19,612
18,751
7878236.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
920
878
7878256.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
2,783
2,636
7878318.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
23,512
21,678
7878736.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
13,943
13,321
7878970.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
25,633
24,460
7879492.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
7,840
7,498
7879821.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
23,524
22,385
7880555.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
3,102
2,964
7880710.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
5,872
5,284
7880884.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
2,674
2,563
7880946.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
5,828
5,569
7881091.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
1,972
1,883
7881129.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
4,432
4,206
7881236.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
2,253
2,173
7881287.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
5,187
5,003
7881395.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
20,509
19,175
7881673.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
3,312
3,175
7881726.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
1,755
1,635
7881745.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
2,726
2,412
7881786.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
6,260
5,981
7881933.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
3,859
3,653
7881969.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
2,185
2,112
7882010.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
2,909
2,775
7882055.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
1,408
1,361
7882095.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
5,594
4,612
7882143.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
29,044
27,723
7882477.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
4,115
3,922
7882517.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
3,325
3,174
7882586.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
2,242
2,111
7882623.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
1,855
1,774
7882679.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
8,721
8,289
7882803.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
9,118
8,810
7883010.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
9,147
8,667
7883172.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
16,453
15,665
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)
Block,
Inc.
(continued)
7883436.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
$
2,658
$
2,546
7883541.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
21,729
20,312
7884000.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
18,938
18,093
7884554.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
339
324
7884561.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
445
424
7884579.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
2,030
1,922
7884621.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
3,458
3,274
7884719.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
5,064
4,818
7884810.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
1,118
1,058
7884842.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
3,490
3,311
7884895.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
6,739
6,437
7885002.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
4,935
4,712
7885118.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
5,780
5,518
7885251.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
15,801
10,962
7885476.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
13,871
12,997
7885691.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
2,046
1,937
7885722.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
1,187
1,095
7885748.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
82,201
78,550
7889231.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
13,005
12,151
7889618.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
6,910
6,230
7889784.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
4,269
3,999
7889924.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
2,703
2,562
7890018.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
14,215
13,367
7890486.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
8,390
8,089
7890802.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
2,382
2,274
7890869.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
16,403
15,511
7891139.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
9,576
9,150
7891273.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
34,416
32,827
7891840.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
3,338
3,077
7891927.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
1,180
822
7891930.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
1,104
1,065
7891937.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
85,017
80,089
7893069.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
8,150
7,706
7893383.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
3,360
3,203
7893510.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
17,187
16,368
7894105.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
32,232
30,742
7894837.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
85,485
81,629
7896021.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
14,505
13,838
7896256.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
7,780
7,443
7896415.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
982
946
7896426.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
4,766
4,467
7896475.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
2,016
1,943
7896532.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
12,610
11,970
7898685.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
12,818
12,106
7898837.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
4,520
4,309
7898887.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
6,543
6,126
7898972.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
20,086
18,551
7899187.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
843
802
7899199.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
22,722
21,811
7899617.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
12,877
12,281
7899760.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
1,962
1,672
7899783.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
5,657
5,392
7899837.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
5,975
4,223
7899916.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
12,813
11,208
7900047.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
4,233
4,004
7900097.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
6,803
6,499
7900188.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
10,597
10,137
7900343.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
13,030
12,492
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7900527.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
$
22,264
$
21,212
7900911.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,964
1,891
7901004.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
4,577
4,330
7901165.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
638
614
7901201.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
3,474
3,318
7901308.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,638
1,587
7901423.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
8,479
8,067
7901578.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
2,844
2,718
7901622.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,823
1,739
7901658.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
7,320
6,924
7901794.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
4,994
4,758
7901904.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,862
1,790
7901953.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,343
1,298
7902004.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
8,371
7,979
7902100.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
21,266
20,320
7902446.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
47,701
45,066
7902988.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,877
1,789
7903013.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
3,325
3,122
7903036.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
7,624
7,260
7903101.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
7,218
6,883
7903181.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
13,030
12,357
7903379.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
12,442
11,899
7903499.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
22,604
21,609
7904013.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,938
1,852
7904061.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
4,037
3,841
7904101.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
7,296
6,866
7904230.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
10,335
9,866
7904278.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
1,507
1,444
7904350.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
1,724
1,615
7904369.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
2,822
2,358
7904429.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
608
558
7904436.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
1,316
1,239
7904471.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
19,249
18,351
7904885.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
2,829
2,703
7904970.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
8,610
8,146
7905223.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
21,516
20,400
7905740.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
5,090
4,897
7905850.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
7,718
7,417
7906057.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
31,505
30,149
7906477.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
4,031
3,834
7906550.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
15,240
14,436
7906714.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
885
846
7906733.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
1,503
1,425
7906770.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
1,077
1,021
7906791.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
9,557
8,879
7906934.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
18,377
16,196
7907288.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
38,401
36,538
7909845.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
2,131
1,992
7909893.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
11,108
10,609
7910011.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
1,234
1,165
7910033.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
20,794
19,882
7910287.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
2,865
2,725
7910334.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
2,516
2,398
7910362.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
23,683
22,520
7910576.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
5,094
4,888
7910625.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
74,788
71,365
7911348.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
4,062
3,570
7911444.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
3,024
2,896
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)
Block,
Inc.
(continued)
7911549.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
$
507
$
485
7911568.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
5,682
5,265
7911707.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
992
950
7911767.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
3,112
2,943
7911932.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
2,528
2,167
7912042.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
6,799
6,488
7912230.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
3,778
3,592
7912333.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
2,056
1,950
7912392.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
1,019
944
7912416.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
2,596
2,433
7912510.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
1,915
1,831
7912539.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
20,381
19,504
7913035.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
61,180
57,885
7913815.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
10,403
9,964
7913993.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
33,871
31,447
7914492.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
3,862
3,635
7914520.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
1,700
1,611
7914538.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
6,878
6,358
7914664.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
1,981
1,828
7914722.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
3,756
3,591
7914814.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
1,044
821
7914832.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
3,812
3,644
7914874.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
1,513
1,369
7914971.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
20,976
19,650
7915612.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
505
436
7915632.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
4,901
4,634
7915810.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
1,058
1,009
7915836.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
6,047
5,718
7915936.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
10,340
9,946
7916231.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
28,298
26,849
7916594.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
2,019
1,914
7916642.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
47,713
45,591
7917771.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
26,493
24,540
7918094.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
10,257
9,809
7918381.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
4,815
4,502
7918484.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
4,327
3,915
7918548.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
8,054
7,671
7918697.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
19,942
18,861
7918861.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
34,063
32,567
7919249.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
3,428
3,146
7919297.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
4,032
3,727
7919350.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
2,940
2,704
7919391.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
2,717
2,342
7919425.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
4,247
2,975
7919475.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
2,405
2,252
7919669.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
3,048
2,891
7919724.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
3,495
3,202
7919768.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
1,784
1,712
7919800.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
3,169
3,015
7919848.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
25,529
24,321
7920284.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
3,226
2,993
7920315.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
2,551
2,437
7920351.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
1,362
1,310
7920382.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
3,906
3,723
7920439.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
3,908
3,731
7920505.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
20,984
20,185
7921137.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
2,217
2,098
7921164.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
4,510
4,240
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Block,
Inc.
(continued)
7921388.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
$
3,553
$
3,351
7921552.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
624
603
7921605.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
1,046
998
7921646.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
2,601
2,467
7921805.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
2,822
2,669
7921882.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
7,920
7,568
7922066.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
393
370
7922081.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
20,480
18,172
7922459.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
9,795
9,361
7922648.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
4,565
4,322
7922728.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
3,182
3,053
7922798.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
4,837
4,579
7922868.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
10,985
10,458
7923054.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
1,909
1,769
7923100.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
4,407
4,156
7923176.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
2,606
2,457
7923259.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
5,126
4,889
7923345.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
9,631
9,140
7923570.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
15,663
14,998
7923879.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
5,923
5,729
7923992.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
3,252
3,101
7924093.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
35,414
33,675
7924598.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
14,731
13,705
7924882.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
3,948
3,589
7924966.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
1,280
1,231
7925005.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
5,266
5,002
7925107.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
727
688
7925121.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
51,314
48,461
7926346.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
1,442
1,311
7926390.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
4,488
4,239
7926487.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
2,892
2,764
7926507.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
3,274
3,016
7926527.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
1,296
1,159
7926539.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
20,175
19,109
7926785.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
41,937
39,959
7927281.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
6,501
6,228
7927377.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
13,930
12,474
7927521.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
10,350
9,812
7927646.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
9,533
9,133
7927767.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
9,960
9,518
7927903.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
3,749
3,572
7927969.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
5,972
5,695
7928071.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
10,613
10,093
7928259.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
908
860
7928272.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
16,590
14,831
7928332.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
1,631
1,461
7928391.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
3,746
3,544
7928426.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
5,102
4,875
7928475.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
526
498
7928487.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
10,134
9,675
7928677.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
981
937
7928701.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
2,743
2,464
7928754.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
5,003
4,716
7928883.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
1,254
1,199
7928897.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
5,589
5,338
7929049.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
33,772
31,421
7929817.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
1,148
900
7929832.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
5,056
4,767
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)
Block,
Inc.
(continued)
7930172.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
$
37
$
36
7930187.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
7,464
7,076
7930304.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
11,380
10,859
7930430.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
1,930
1,831
7930444.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
2,057
1,941
7930459.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
19,500
18,712
7930670.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
8,384
7,801
7930752.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
31,704
29,421
7931206.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
901
866
7931223.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
4,486
4,221
7931303.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
4,694
4,451
7931362.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
1,071
887
7931389.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
3,205
3,065
7931440.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
32,454
30,884
7931938.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
1,674
1,546
7934183.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
7,837
7,281
7934374.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
2,143
1,955
7934417.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
7,095
6,572
7934586.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
4,382
4,046
7934671.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
1,263
1,146
7934703.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
1,345
1,224
7934742.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
8,886
8,293
7935181.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
4,554
4,177
7935378.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
1,108
1,026
7935404.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
3,216
3,012
7935542.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
23,925
22,399
7936014.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
21,409
19,737
7936395.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
9,230
8,520
7936515.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
24,061
22,187
7936873.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
2,341
2,177
7936898.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
853
783
7936911.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
4,940
4,616
7936956.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
11,572
10,839
7937067.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
2,552
2,387
7937127.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
9,377
8,777
7937401.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
1,964
1,806
7937473.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
1,187
1,105
7937495.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
48,698
45,203
7938152.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
418
365
7938224.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
10,017
9,358
7938565.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
4,995
4,562
7938737.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
5,021
4,696
7938895.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
8,624
8,070
7939399.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
5,577
5,216
7939584.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
869
792
7939609.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
2,818
2,608
7939678.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
8,131
7,438
7939780.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
3,432
3,212
7939839.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
2,121
1,985
7939857.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
10,273
9,234
7940147.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
18,409
17,039
7940500.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
1,318
1,215
7940549.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
44,511
41,319
7941308.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
18,945
17,726
7941596.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
2,481
2,273
7941667.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
4,129
3,818
7941728.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
1,405
1,275
7941756.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
35,662
33,118
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7941859.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
$
13,656
$
12,508
7942160.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
9,667
8,833
7942328.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
3,021
2,821
7942380.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
8,462
7,811
7942549.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
20,115
18,825
7942913.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
1,477
1,356
7942938.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
3,151
2,944
7942994.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
531
470
7943009.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
3,760
3,478
7943083.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
681
630
7943096.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
13,126
12,024
7943343.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
24,079
22,539
7943734.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
5,453
5,044
7944011.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
4,685
4,384
7944099.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
11,501
10,764
7944689.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
938
844
7944826.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
2,217
2,076
7944923.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
1,322
1,220
7944951.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
1,127
1,027
7944989.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
1,508
1,380
7945051.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
3,399
3,172
7945146.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
5,944
5,425
7945338.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
20,783
19,454
7945780.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
5,418
5,050
7945903.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
17,222
15,898
7946210.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
5,830
5,373
7946336.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
3,784
3,530
7946424.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
3,723
3,484
7946512.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
3,907
3,656
7946604.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
10,198
9,454
7946818.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
3,029
2,833
7946894.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
1,636
1,495
7946958.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
7,132
6,642
7947078.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
14,058
13,099
7947396.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
7,899
7,360
7947566.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
3,260
3,009
7947625.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
11,110
10,202
7949401.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
1,648
1,504
7949460.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
1,180
1,081
7949484.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
25,320
23,239
7949989.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
2,263
2,081
7950028.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
6,725
6,289
7950289.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
904
835
7950331.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
4,867
4,453
7950429.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
3,151
2,948
7950492.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
5,117
4,688
7950622.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
3,706
3,467
7950714.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
5,377
4,912
7950874.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
4,211
3,939
7950965.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
4,007
3,750
7951002.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
732
685
7951022.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
3,957
3,668
7951078.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
9,069
8,413
7951189.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
5,955
5,462
7951311.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
942
877
7951324.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
4,831
4,474
7951412.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
1,712
1,575
7951448.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
4,461
4,099
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)
Block,
Inc.
(continued)
7951521.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
$
2,991
$
2,720
7951544.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
6,219
5,657
7951610.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
2,078
1,926
7951622.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
1,508
1,389
7951649.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
2,415
2,235
7951667.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
11,679
10,779
7951787.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
997
925
7951798.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
1,677
1,439
7951847.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
53,625
49,945
7952600.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
7,775
7,219
7952717.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
4,347
4,004
7952835.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
2,708
2,497
7952921.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
7,639
7,116
7955042.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
7,869
7,362
7955280.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
4,344
4,063
7955411.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
3,190
2,985
7955497.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
2,442
2,254
7955555.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
5,275
4,933
7955770.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
39,290
36,742
7956791.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
19,094
17,511
7957022.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
1,431
1,321
7957045.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
1,092
1,004
7957062.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
4,706
4,384
7957118.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
7,012
6,536
7957198.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
547
506
7957207.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
4,266
3,990
7957265.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
5,919
5,451
7957359.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
12,724
11,902
7957626.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
787
716
7957639.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
5,648
5,225
7957773.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
10,900
10,030
7957906.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
2,819
2,634
7957938.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
1,136
1,062
7957948.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
18,823
17,463
7958168.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
3,089
2,855
7958189.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
27,837
25,772
7958584.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
17,322
16,082
7958842.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
64,275
60,104
7959577.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
6,600
6,173
7959625.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
1,297
1,199
7959636.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
15,727
14,461
7959746.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
2,753
2,544
7959768.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
16,915
15,817
7960195.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
3,112
2,801
7960320.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
2,002
1,857
7960384.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
1,530
1,386
7960458.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
8,094
7,422
7960740.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
86,037
80,494
7962097.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
12,710
11,812
7962273.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
3,523
3,203
7962334.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
8,923
8,202
7962473.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
14,997
14,027
7962882.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
3,010
2,781
7962945.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
9,472
8,791
7963125.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
7,120
6,657
7963176.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
4,903
4,539
7963289.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
3,932
3,635
7963332.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
2,586
2,352
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7963365.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
$
675
$
626
7963378.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
2,397
2,183
7963433.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
3,101
2,869
7963478.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
10,599
9,805
7963684.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
825
753
7963702.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
9,871
9,234
7963896.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
1,762
1,620
7963940.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
11,858
10,945
7964158.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
9,099
8,472
7964315.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
8,069
7,545
7964480.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
1,626
1,521
7964513.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
18,950
17,651
7964871.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
3,682
3,371
7964940.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
6,225
5,778
7965315.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
2,395
2,241
7965397.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
3,226
2,950
7965554.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
10,855
9,991
7966076.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
21,182
19,737
7966492.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
1,577
1,444
7966544.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
5,214
4,874
7966654.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
2,241
2,072
7966727.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
6,069
5,634
7966867.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
775
723
7966896.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
4,130
3,756
7967005.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
9,020
8,436
7967183.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
3,775
3,466
7967288.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
3,172
2,966
7967351.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
1,771
1,635
7967401.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
2,019
1,847
7967481.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
1,926
1,788
7967525.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
4,157
3,811
7967637.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
8,504
7,866
7967885.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
1,198
1,112
7967909.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
3,053
2,821
7967979.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
1,462
1,340
7967990.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
10,773
9,922
7968197.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
5,352
4,925
7968337.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
2,938
2,604
7968480.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
10,750
9,854
7968630.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
3,296
3,084
7968772.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
3,280
3,032
7968880.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
1,236
1,142
7968910.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
4,337
3,962
7969057.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
1,402
1,299
7969098.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
26,150
24,247
7969797.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
3,477
3,252
7969842.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
9,557
8,937
7970044.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
52,861
49,210
7970767.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
2,389
2,174
7970793.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
7,013
6,558
7970899.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
9,812
9,081
7971036.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
770
705
7971048.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
1,691
1,559
7971074.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
19,943
18,197
7971409.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
5,833
5,411
7971489.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
5,197
4,765
7971514.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
3,722
3,391
7971581.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
52,449
49,026
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)
Block,
Inc.
(continued)
7971991.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
$
1,046
$
960
7972053.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
13,445
12,571
7972368.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
7,328
6,852
7972617.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
2,046
1,856
7972684.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
2,093
1,913
7972739.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
2,092
1,916
7972819.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
3,562
3,306
7972965.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
939
863
7972988.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
2,949
2,693
7973099.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
45,343
41,999
7973617.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
24,328
22,649
7974030.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
26,573
24,725
7974286.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
19,230
17,979
7974517.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
1,835
1,679
7974543.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
3,207
2,998
7974597.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
13,073
12,223
7974765.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
27,678
25,592
7977110.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
4,506
4,114
7977253.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
8,728
8,123
7977493.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
18,463
16,815
7977984.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
33,767
31,559
7978787.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
1,392
1,276
7978805.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
3,228
2,969
7978827.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
12,950
11,976
7979009.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
11,259
10,415
7979228.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
1,138
1,035
7979256.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
2,400
2,189
7979279.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
56,819
53,113
7980290.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
54,330
50,365
7980822.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
5,814
5,306
7981039.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
4,238
3,876
7981172.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
4,536
4,148
7981280.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
6,595
6,165
7981527.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
5,450
4,993
7981724.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
9,351
8,702
7981977.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
3,381
3,106
7982077.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
3,373
3,126
7982134.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
5,103
4,646
7982190.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
17,004
15,814
7982517.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
27,235
24,948
7983111.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
13,176
12,160
7983412.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
2,217
2,042
7983450.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
48,517
45,117
7984094.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
5,944
5,556
7984186.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
2,394
2,198
7984217.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
2,776
2,531
7984257.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
5,987
5,594
7984315.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
5,450
5,044
7984380.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
3,590
3,267
7984415.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
35,268
32,695
7984867.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
7,472
6,980
7984973.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
3,033
2,821
7985005.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
21,526
19,978
7985233.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
1,342
1,221
7985251.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
9,297
8,691
7985368.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
5,054
4,676
7985425.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
1,072
993
7985441.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
9,203
8,549
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7985552.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
$
2,215
$
2,037
7985580.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
619
577
7985586.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
18,403
16,933
7985809.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
7,811
7,109
7986155.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
7,414
6,855
7986398.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
17,821
16,235
7986917.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
546
504
7986925.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
9,716
8,963
7987075.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
7,849
7,281
7987241.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
2,208
2,042
7987273.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
3,122
2,893
7987332.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
3,652
3,338
7987427.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
17,666
16,308
7987641.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
3,311
3,082
7987679.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
3,665
3,401
7987751.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
3,007
2,756
7987773.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
1,737
1,593
7987790.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
4,429
4,139
7987855.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
2,215
2,065
7987904.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
3,592
3,278
7987955.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
22,289
20,825
7988242.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
17,569
16,332
7988496.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
5,518
5,135
7988572.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
761
703
7988581.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
1,323
1,203
7988602.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
1,252
1,148
7988632.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
19,923
18,490
7988883.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
22,443
20,873
7989229.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
5,577
5,184
7989345.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
16,288
15,223
7989581.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
1,360
1,268
7989614.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
17,804
16,582
7989697.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
2,541
2,325
7989799.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
1,412
1,314
7989830.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
76,393
71,365
7991526.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
12,539
11,650
7991624.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
2,271
2,099
7991635.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
5,489
5,040
7991684.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
3,067
2,868
7991773.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
12,517
11,637
7991946.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
8,679
8,111
7992062.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
38,005
34,794
7992594.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
7,180
6,710
7992685.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
2,348
2,178
7992697.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
1,806
1,659
7992738.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
648
604
7992743.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
1,812
1,655
7992779.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
1,340
1,227
7992794.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
1,717
1,589
7992809.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
47,593
44,268
7993231.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
4,333
4,015
7993393.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
1,327
1,212
7993465.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
7,030
6,428
7993687.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
1,586
1,480
7993734.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
1,123
1,030
7993784.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
10,175
9,317
7994098.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
7,274
6,796
7994263.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
2,946
2,723
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)
Block,
Inc.
(continued)
7994306.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
$
14,066
$
13,148
7994568.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
6,831
6,354
7996991.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
3,001
2,794
7998328.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
3,247
3,035
7999287.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
12,115
11,073
7999473.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
1,725
1,606
7999493.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
1,211
1,110
7999509.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
2,297
2,136
7999545.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
15,785
14,702
7999804.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
3,771
3,480
7999944.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
941
854
7999961.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
24,614
22,688
8000369.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
33,069
30,897
8000877.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
551
509
8000882.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
36,560
33,605
8002810.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
4,975
4,575
8003024.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
9,392
8,598
8003268.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
7,883
7,307
8003474.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
4,696
4,366
8003598.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
27,979
26,015
8004401.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
1,875
1,744
8004447.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
2,124
1,936
8004518.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
7,011
6,460
8004630.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
994
928
8004637.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
2,467
2,262
8004701.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
1,802
1,683
8004749.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
989
919
8004787.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
1,920
1,766
8004901.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
4,008
3,716
8004961.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
13,607
12,478
8005076.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
10,488
9,756
8005176.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
33,951
31,711
8005737.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
21,774
19,871
8006077.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
56,546
52,249
8006609.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
1,059
966
8006660.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
1,673
1,563
8006699.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
2,754
2,572
8006763.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
8,037
7,330
8006973.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
5,248
4,835
8007108.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
752
700
8007128.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
16,867
15,755
8007705.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
2,733
2,504
8007766.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
10,357
9,631
8007977.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
1,992
1,826
8008015.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
2,728
2,547
8008058.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
10,555
9,626
8008260.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
1,114
1,014
8008273.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
66,883
62,190
8009416.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
2,448
2,257
8009468.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
7,430
6,939
8009647.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
30,422
28,037
8009822.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
5,647
5,274
8009899.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
3,633
3,325
8009922.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
1,441
1,320
8009940.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
6,050
5,627
8010012.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
2,998
2,764
8010051.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
3,223
2,979
8010097.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
13,625
12,723
Description
Principal
Amount
Value
Block,
Inc.
(continued)
8010248.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
$
1,894
$
1,751
8010268.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
2,441
2,280
8010303.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
1,646
1,521
8010319.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
3,439
3,177
8010357.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
5,586
5,216
8010430.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
32,622
30,228
8010801.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
5,135
4,745
8010882.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
6,755
6,210
8010965.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
1,738
1,588
8010998.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
9,562
8,890
8011134.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
1,578
1,474
8011152.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
2,734
2,505
8011189.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
8,507
7,900
8011300.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
7,477
6,982
8011407.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
880
800
8011419.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
7,145
6,620
8011769.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
13,429
12,485
8012127.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
3,585
3,312
8012223.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
10,763
10,050
8012570.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
22,629
20,671
8013138.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
7,516
6,883
8013210.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
1,867
1,735
8013233.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
4,633
4,327
8013310.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
91,394
84,237
8014574.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
12,484
11,469
8014750.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
3,280
3,025
8014770.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
29,402
27,455
8015248.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
18,082
16,753
8015959.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
5,768
5,387
8016211.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
2,884
2,656
8016304.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
1,079
987
8016338.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
2,297
2,121
8016409.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
19,720
18,318
8016797.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
4,279
3,995
8016861.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
1,923
1,775
8016886.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
14,052
12,857
8017116.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
14,814
13,773
8017311.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
2,049
1,867
8017327.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
2,286
2,119
8017353.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
20,147
18,812
8017635.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
3,332
3,097
8017696.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
17,999
16,478
8018040.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
31,907
29,796
8018498.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
3,692
3,448
8018526.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
14,029
12,803
8018750.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
8,503
7,856
8018927.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
10,148
9,475
8019213.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
10,757
9,847
8019564.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
10,044
9,334
8019749.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
5,424
4,987
8019817.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
6,665
6,157
8019958.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
6,288
5,776
8020108.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
42,625
39,380
8020801.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
12,079
11,228
8020971.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
54,514
50,890
8021682.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
3,022
2,822
8021721.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
14,123
13,185
8023972.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
3,948
3,669
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)
Block,
Inc.
(continued)
8024088.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
$
4,729
$
4,362
8024191.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
3,956
3,616
8024257.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
3,990
3,666
8024369.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
1,340
1,221
8024400.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
5,828
5,439
8024559.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
23,128
21,581
8025117.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
2,210
2,015
8025174.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
2,941
2,746
8025260.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
874
816
8025287.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
6,821
6,366
8025465.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
3,876
3,589
8025582.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
14,768
13,784
8025864.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
3,007
2,760
8025945.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
15,517
14,209
8026166.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
73,650
68,741
8026980.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
12,858
11,949
8027184.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
40,391
37,536
8027682.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
10,878
10,074
8027811.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
2,567
2,396
8027827.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
2,397
2,216
8027887.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
6,366
5,895
8028072.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
26,242
24,490
8028916.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
5,072
4,644
8029040.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
1,198
1,107
8029056.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
7,702
7,156
8029210.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
1,413
1,294
8029246.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
43,515
40,593
8029887.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
7,042
6,520
8030000.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
74,165
68,911
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
–
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
...
821
–
3428606.SQ.FTS.B
,
Zero
Cpn
,
6/11/32
...
2,028
–
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
–
Description
Principal
Amount
Value
Block,
Inc.
(continued)
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
–
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
–
3700150.SQ.FTS.B
,
Zero
Cpn
,
8/22/32
...
3,008
–
3760407.SQ.FTS.B
,
Zero
Cpn
,
9/01/32
...
3,543
–
3842781.SQ.FTS.B
,
Zero
Cpn
,
9/11/32
...
10,067
1
3849054.SQ.FTS.B
,
Zero
Cpn
,
9/12/32
...
679
–
3849313.SQ.FTS.B
,
Zero
Cpn
,
9/12/32
...
204
–
3849333.SQ.FTS.B
,
Zero
Cpn
,
9/12/32
...
8,085
–
3869455.SQ.FTS.B
,
Zero
Cpn
,
9/17/32
...
7,514
–
3877914.SQ.FTS.B
,
Zero
Cpn
,
9/18/32
...
1,608
–
3908447.SQ.FTS.B
,
Zero
Cpn
,
9/24/32
...
608
–
3944713.SQ.FTS.B
,
Zero
Cpn
,
9/30/32
...
16,717
–
3948363.SQ.FTS.B
,
Zero
Cpn
,
9/30/32
...
386
–
3953673.SQ.FTS.B
,
Zero
Cpn
,
9/30/32
...
673
–
3953788.SQ.FTS.B
,
Zero
Cpn
,
9/30/32
...
6,116
–
3988483.SQ.FTS.B
,
Zero
Cpn
,
10/06/32
..
6,804
–
3995187.SQ.FTS.B
,
Zero
Cpn
,
10/07/32
..
966
–
4006108.SQ.FTS.B
,
Zero
Cpn
,
10/08/32
..
3,609
–
4012864.SQ.FTS.B
,
Zero
Cpn
,
10/08/32
..
418
–
4027848.SQ.FTS.B
,
Zero
Cpn
,
10/13/32
..
13,882
–
4030312.SQ.FTS.B
,
Zero
Cpn
,
10/13/32
..
596
–
4039216.SQ.FTS.B
,
Zero
Cpn
,
10/15/32
..
645
–
4042564.SQ.FTS.B
,
Zero
Cpn
,
10/15/32
..
379
–
4044447.SQ.FTS.B
,
Zero
Cpn
,
10/16/32
..
14,344
–
4077814.SQ.FTS.B
,
Zero
Cpn
,
10/23/32
..
2,357
–
4079086.SQ.FTS.B
,
Zero
Cpn
,
10/23/32
..
3,779
–
4079838.SQ.FTS.B
,
Zero
Cpn
,
10/23/32
..
6,825
–
4080547.SQ.FTS.B
,
Zero
Cpn
,
10/24/32
..
1,952
–
4095538.SQ.FTS.B
,
Zero
Cpn
,
10/28/32
..
3,487
–
4125734.SQ.FTS.B
,
Zero
Cpn
,
11/05/32
..
4,285
–
4138127.SQ.FTS.B
,
Zero
Cpn
,
11/09/32
..
2,987
–
4142060.SQ.FTS.B
,
Zero
Cpn
,
11/10/32
..
1,222
–
4147030.SQ.FTS.B
,
Zero
Cpn
,
11/11/32
..
346
–
4163065.SQ.FTS.B
,
Zero
Cpn
,
11/14/32
..
1,168
–
4171680.SQ.FTS.B
,
Zero
Cpn
,
11/17/32
..
3,222
–
4171907.SQ.FTS.B
,
Zero
Cpn
,
11/17/32
..
4,783
–
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)
Block,
Inc.
(continued)
4186988.SQ.FTS.B
,
Zero
Cpn
,
11/20/32
..
$
375
$
–
4189414.SQ.FTS.B
,
Zero
Cpn
,
11/20/32
..
259
–
4197129.SQ.FTS.B
,
Zero
Cpn
,
11/21/32
..
38
–
4200379.SQ.FTS.B
,
Zero
Cpn
,
11/23/32
..
1,060
–
4207561.SQ.FTS.B
,
Zero
Cpn
,
11/25/32
..
1,742
–
4229796.SQ.FTS.B
,
Zero
Cpn
,
11/27/32
..
2,213
–
4267608.SQ.FTS.B
,
Zero
Cpn
,
12/04/32
..
4,641
–
4271659.SQ.FTS.B
,
Zero
Cpn
,
12/04/32
..
970
–
4280865.SQ.FTS.B
,
Zero
Cpn
,
12/07/32
..
7,930
–
4309215.SQ.FTS.B
,
Zero
Cpn
,
12/10/32
..
2,829
–
4314394.SQ.FTS.B
,
Zero
Cpn
,
12/11/32
..
4,763
–
4315019.SQ.FTS.B
,
Zero
Cpn
,
12/11/32
..
1,296
–
4315085.SQ.FTS.B
,
Zero
Cpn
,
12/11/32
..
753
–
4333949.SQ.FTS.B
,
Zero
Cpn
,
12/17/32
..
1,348
–
4342268.SQ.FTS.B
,
Zero
Cpn
,
12/20/32
..
3,769
–
4345972.SQ.FTS.B
,
Zero
Cpn
,
12/21/32
..
457
–
4352084.SQ.FTS.B
,
Zero
Cpn
,
12/22/32
..
1,688
–
4352239.SQ.FTS.B
,
Zero
Cpn
,
12/22/32
..
620
1
4383604.SQ.FTS.B
,
Zero
Cpn
,
12/30/32
..
2,916
–
4390373.SQ.FTS.B
,
Zero
Cpn
,
1/02/33
...
527
–
4390406.SQ.FTS.B
,
Zero
Cpn
,
1/02/33
...
834
–
4394687.SQ.FTS.B
,
Zero
Cpn
,
1/06/33
...
832
–
4413064.SQ.FTS.B
,
Zero
Cpn
,
1/15/33
...
661
–
4413957.SQ.FTS.B
,
Zero
Cpn
,
1/16/33
...
356
–
4430691.SQ.FTS.B
,
Zero
Cpn
,
1/22/33
...
968
–
4431496.SQ.FTS.B
,
Zero
Cpn
,
1/22/33
...
432
–
4438299.SQ.FTS.B
,
Zero
Cpn
,
1/27/33
...
2,530
–
4438563.SQ.FTS.B
,
Zero
Cpn
,
1/27/33
...
14,155
–
4452962.SQ.FTS.B
,
Zero
Cpn
,
2/03/33
...
8,915
–
4455128.SQ.FTS.B
,
Zero
Cpn
,
2/04/33
...
2,253
–
4457642.SQ.FTS.B
,
Zero
Cpn
,
2/05/33
...
3,469
–
4463189.SQ.FTS.B
,
Zero
Cpn
,
2/09/33
...
2,140
–
4465207.SQ.FTS.B
,
Zero
Cpn
,
2/10/33
...
3,432
–
4481855.SQ.FTS.B
,
Zero
Cpn
,
2/19/33
...
1,079
–
4481874.SQ.FTS.B
,
Zero
Cpn
,
2/19/33
...
1,551
–
4484475.SQ.FTS.B
,
Zero
Cpn
,
2/20/33
...
3,439
–
4484542.SQ.FTS.B
,
Zero
Cpn
,
2/20/33
...
6,016
–
4488928.SQ.FTS.B
,
Zero
Cpn
,
2/23/33
...
703
–
4489974.SQ.FTS.B
,
Zero
Cpn
,
2/24/33
...
4,041
–
4499783.SQ.FTS.B
,
Zero
Cpn
,
2/28/33
...
1,879
–
4508723.SQ.FTS.B
,
Zero
Cpn
,
3/02/33
...
6,372
–
4510936.SQ.FTS.B
,
Zero
Cpn
,
3/03/33
...
3,094
–
4513287.SQ.FTS.B
,
Zero
Cpn
,
3/04/33
...
12,361
1
4514072.SQ.FTS.B
,
Zero
Cpn
,
3/05/33
...
1,866
–
4516974.SQ.FTS.B
,
Zero
Cpn
,
3/07/33
...
88
–
4519611.SQ.FTS.B
,
Zero
Cpn
,
3/08/33
...
12,933
–
4532929.SQ.FTS.B
,
Zero
Cpn
,
3/14/33
...
2,327
–
4534513.SQ.FTS.B
,
Zero
Cpn
,
3/15/33
...
304
–
4535094.SQ.FTS.B
,
Zero
Cpn
,
3/15/33
...
3,360
–
4540937.SQ.FTS.B
,
Zero
Cpn
,
3/17/33
...
6,282
–
4546342.SQ.FTS.B
,
Zero
Cpn
,
3/20/33
...
3,208
–
4548999.SQ.FTS.B
,
Zero
Cpn
,
3/21/33
...
4,823
–
4549725.SQ.FTS.B
,
Zero
Cpn
,
3/21/33
...
3,736
1
4549873.SQ.FTS.B
,
Zero
Cpn
,
3/21/33
...
201
–
4549880.SQ.FTS.B
,
Zero
Cpn
,
3/21/33
...
3,819
–
4550163.SQ.FTS.B
,
Zero
Cpn
,
3/21/33
...
1,397
–
4550265.SQ.FTS.B
,
Zero
Cpn
,
3/21/33
...
545
–
4555245.SQ.FTS.B
,
Zero
Cpn
,
3/23/33
...
4,885
–
Description
Principal
Amount
Value
Block,
Inc.
(continued)
4556429.SQ.FTS.B
,
Zero
Cpn
,
3/23/33
...
$
3,512
$
–
4556489.SQ.FTS.B
,
Zero
Cpn
,
3/23/33
...
2,476
–
4556569.SQ.FTS.B
,
Zero
Cpn
,
3/23/33
...
18,356
–
4557410.SQ.FTS.B
,
Zero
Cpn
,
3/23/33
...
5,012
–
4558347.SQ.FTS.B
,
Zero
Cpn
,
3/23/33
...
1,070
–
4561168.SQ.FTS.B
,
Zero
Cpn
,
3/24/33
...
715
–
4561751.SQ.FTS.B
,
Zero
Cpn
,
3/25/33
...
3,074
–
4562273.SQ.FTS.B
,
Zero
Cpn
,
3/26/33
...
3,405
–
4563389.SQ.FTS.B
,
Zero
Cpn
,
3/27/33
...
3,392
–
4565857.SQ.FTS.B
,
Zero
Cpn
,
3/27/33
...
14,859
1
4579623.SQ.FTS.B
,
Zero
Cpn
,
4/01/33
...
30,289
1
4581333.SQ.FTS.B
,
Zero
Cpn
,
4/02/33
...
3,759
1
4581555.SQ.FTS.B
,
Zero
Cpn
,
4/02/33
...
12,644
–
4582331.SQ.FTS.B
,
Zero
Cpn
,
4/03/33
...
5,425
–
4585539.SQ.FTS.B
,
Zero
Cpn
,
4/04/33
...
643
–
4586510.SQ.FTS.B
,
Zero
Cpn
,
4/04/33
...
6,337
–
4589242.SQ.FTS.B
,
Zero
Cpn
,
4/05/33
...
488
–
4600950.SQ.FTS.B
,
Zero
Cpn
,
4/07/33
...
936
–
4601418.SQ.FTS.B
,
Zero
Cpn
,
4/08/33
...
4,582
–
4601908.SQ.FTS.B
,
Zero
Cpn
,
4/08/33
...
835
–
4603785.SQ.FTS.B
,
Zero
Cpn
,
4/08/33
...
2,545
–
4604781.SQ.FTS.B
,
Zero
Cpn
,
4/09/33
...
302
1
4606149.SQ.FTS.B
,
Zero
Cpn
,
4/11/33
...
2,129
–
4606526.SQ.FTS.B
,
Zero
Cpn
,
4/11/33
...
462
–
4607817.SQ.FTS.B
,
Zero
Cpn
,
4/12/33
...
768
–
4609191.SQ.FTS.B
,
Zero
Cpn
,
4/12/33
...
3,661
–
4612864.SQ.FTS.B
,
Zero
Cpn
,
4/13/33
...
831
–
4612909.SQ.FTS.B
,
Zero
Cpn
,
4/13/33
...
2,565
1
4618545.SQ.FTS.B
,
Zero
Cpn
,
4/14/33
...
2,720
–
4618572.SQ.FTS.B
,
Zero
Cpn
,
4/14/33
...
927
–
4620208.SQ.FTS.B
,
Zero
Cpn
,
4/14/33
...
2,314
–
4622912.SQ.FTS.B
,
Zero
Cpn
,
4/15/33
...
12,026
–
4623698.SQ.FTS.B
,
Zero
Cpn
,
4/15/33
...
4,549
–
4625409.SQ.FTS.B
,
Zero
Cpn
,
4/18/33
...
1,903
–
4626052.SQ.FTS.B
,
Zero
Cpn
,
4/18/33
...
3,539
–
4626904.SQ.FTS.B
,
Zero
Cpn
,
4/18/33
...
4,667
–
4627946.SQ.FTS.B
,
Zero
Cpn
,
4/18/33
...
189
–
4630150.SQ.FTS.B
,
Zero
Cpn
,
4/19/33
...
319
–
4630473.SQ.FTS.B
,
Zero
Cpn
,
4/19/33
...
336
–
4631665.SQ.FTS.B
,
Zero
Cpn
,
4/20/33
...
4,254
–
4637259.SQ.FTS.B
,
Zero
Cpn
,
4/22/33
...
146
–
4639123.SQ.FTS.B
,
Zero
Cpn
,
4/22/33
...
1,166
–
4639291.SQ.FTS.B
,
Zero
Cpn
,
4/22/33
...
2,606
–
4641955.SQ.FTS.B
,
Zero
Cpn
,
4/25/33
...
13,703
–
4645672.SQ.FTS.B
,
Zero
Cpn
,
4/26/33
...
10,185
–
4646107.SQ.FTS.B
,
Zero
Cpn
,
4/26/33
...
2,393
–
4646691.SQ.FTS.B
,
Zero
Cpn
,
4/26/33
...
582
–
4650952.SQ.FTS.B
,
Zero
Cpn
,
4/28/33
...
2,708
1
4652170.SQ.FTS.B
,
Zero
Cpn
,
4/28/33
...
3,326
–
4654724.SQ.FTS.B
,
Zero
Cpn
,
4/29/33
...
439
–
4655105.SQ.FTS.B
,
Zero
Cpn
,
4/29/33
...
1,842
–
4656767.SQ.FTS.B
,
Zero
Cpn
,
4/30/33
...
2,269
–
4660577.SQ.FTS.B
,
Zero
Cpn
,
5/01/33
...
5,607
–
4660611.SQ.FTS.B
,
Zero
Cpn
,
5/01/33
...
1,867
–
4662056.SQ.FTS.B
,
Zero
Cpn
,
5/02/33
...
40,082
–
4665723.SQ.FTS.B
,
Zero
Cpn
,
5/03/33
...
813
–
4668525.SQ.FTS.B
,
Zero
Cpn
,
5/04/33
...
412
–
4669203.SQ.FTS.B
,
Zero
Cpn
,
5/04/33
...
309
–
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)
Block,
Inc.
(continued)
4669930.SQ.FTS.B
,
Zero
Cpn
,
5/04/33
...
$
1,076
$
–
4679063.SQ.FTS.B
,
Zero
Cpn
,
5/08/33
...
2,470
–
4681090.SQ.FTS.B
,
Zero
Cpn
,
5/08/33
...
1,211
–
4682306.SQ.FTS.B
,
Zero
Cpn
,
5/08/33
...
19,587
–
4684103.SQ.FTS.B
,
Zero
Cpn
,
5/08/33
...
761
–
4684220.SQ.FTS.B
,
Zero
Cpn
,
5/08/33
...
332
–
4704761.SQ.FTS.B
,
Zero
Cpn
,
5/10/33
...
1,417
–
4706260.SQ.FTS.B
,
Zero
Cpn
,
5/10/33
...
3,411
–
4710517.SQ.FTS.B
,
Zero
Cpn
,
5/12/33
...
3,151
–
4717011.SQ.FTS.B
,
Zero
Cpn
,
5/15/33
...
8,731
–
4719485.SQ.FTS.B
,
Zero
Cpn
,
5/15/33
...
1,259
–
4723323.SQ.FTS.B
,
Zero
Cpn
,
5/16/33
...
239
–
4746441.SQ.FTS.B
,
Zero
Cpn
,
5/19/33
...
1,214
–
4761481.SQ.FTS.B
,
Zero
Cpn
,
5/23/33
...
4,254
–
4763575.SQ.FTS.B
,
Zero
Cpn
,
5/23/33
...
1,338
–
4773719.SQ.FTS.B
,
Zero
Cpn
,
5/24/33
...
1,216
–
4789346.SQ.FTS.B
,
Zero
Cpn
,
5/29/33
...
6,004
–
4790074.SQ.FTS.B
,
Zero
Cpn
,
5/29/33
...
1,864
–
4794467.SQ.FTS.B
,
Zero
Cpn
,
5/30/33
...
116
–
4796271.SQ.FTS.B
,
Zero
Cpn
,
5/30/33
...
1,575
–
4799750.SQ.FTS.B
,
Zero
Cpn
,
6/01/33
...
3,222
–
4810478.SQ.FTS.B
,
Zero
Cpn
,
6/03/33
...
13,210
–
4812628.SQ.FTS.B
,
Zero
Cpn
,
6/03/33
...
7,404
–
4814186.SQ.FTS.B
,
Zero
Cpn
,
6/03/33
...
3,604
–
4819764.SQ.FTS.B
,
Zero
Cpn
,
6/07/33
...
1,187
–
4829812.SQ.FTS.B
,
Zero
Cpn
,
6/10/33
...
291
–
4829826.SQ.FTS.B
,
Zero
Cpn
,
6/10/33
...
2,529
–
4831455.SQ.FTS.B
,
Zero
Cpn
,
6/10/33
...
1,012
–
4832246.SQ.FTS.B
,
Zero
Cpn
,
6/10/33
...
58
–
4839177.SQ.FTS.B
,
Zero
Cpn
,
6/14/33
...
1,366
–
4839467.SQ.FTS.B
,
Zero
Cpn
,
6/14/33
...
1,586
–
4840100.SQ.FTS.B
,
Zero
Cpn
,
6/14/33
...
1,543
–
4860368.SQ.FTS.B
,
Zero
Cpn
,
6/17/33
...
989
–
4862382.SQ.FTS.B
,
Zero
Cpn
,
6/18/33
...
5,131
–
4862453.SQ.FTS.B
,
Zero
Cpn
,
6/18/33
...
264
–
4862500.SQ.FTS.B
,
Zero
Cpn
,
6/18/33
...
1,169
–
4863679.SQ.FTS.B
,
Zero
Cpn
,
6/20/33
...
16,205
–
4864955.SQ.FTS.B
,
Zero
Cpn
,
6/20/33
...
7,319
–
4866679.SQ.FTS.B
,
Zero
Cpn
,
6/20/33
...
1,660
–
4867627.SQ.FTS.B
,
Zero
Cpn
,
6/21/33
...
2,052
–
4867691.SQ.FTS.B
,
Zero
Cpn
,
6/21/33
...
43
–
4868123.SQ.FTS.B
,
Zero
Cpn
,
6/21/33
...
533
–
4868930.SQ.FTS.B
,
Zero
Cpn
,
6/21/33
...
1,648
–
4871945.SQ.FTS.B
,
Zero
Cpn
,
6/22/33
...
5,985
–
4872471.SQ.FTS.B
,
Zero
Cpn
,
6/22/33
...
1,391
–
4872677.SQ.FTS.B
,
Zero
Cpn
,
6/22/33
...
3,275
–
4873083.SQ.FTS.B
,
Zero
Cpn
,
6/22/33
...
9,479
–
4873268.SQ.FTS.B
,
Zero
Cpn
,
6/22/33
...
6,701
–
4873945.SQ.FTS.B
,
Zero
Cpn
,
6/22/33
...
3,094
–
4874117.SQ.FTS.B
,
Zero
Cpn
,
6/22/33
...
4,054
–
4877302.SQ.FTS.B
,
Zero
Cpn
,
6/25/33
...
624
–
4877319.SQ.FTS.B
,
Zero
Cpn
,
6/25/33
...
1,558
–
4877812.SQ.FTS.B
,
Zero
Cpn
,
6/26/33
...
2,156
–
4878164.SQ.FTS.B
,
Zero
Cpn
,
6/27/33
...
1,101
–
4880047.SQ.FTS.B
,
Zero
Cpn
,
6/27/33
...
132
–
4880109.SQ.FTS.B
,
Zero
Cpn
,
6/27/33
...
10,497
–
4880571.SQ.FTS.B
,
Zero
Cpn
,
6/28/33
...
14,651
–
4881617.SQ.FTS.B
,
Zero
Cpn
,
6/28/33
...
1,646
–
Description
Principal
Amount
Value
Block,
Inc.
(continued)
4881988.SQ.FTS.B
,
Zero
Cpn
,
6/28/33
...
$
41,908
$
3
4882604.SQ.FTS.B
,
Zero
Cpn
,
6/28/33
...
4,323
–
4886936.SQ.FTS.B
,
Zero
Cpn
,
6/30/33
...
29,822
–
4889578.SQ.FTS.B
,
Zero
Cpn
,
7/01/33
...
6,235
–
4891549.SQ.FTS.B
,
Zero
Cpn
,
7/03/33
...
3,445
–
4893163.SQ.FTS.B
,
Zero
Cpn
,
7/04/33
...
12,426
–
4901122.SQ.FTS.B
,
Zero
Cpn
,
7/07/33
...
611
–
4905832.SQ.FTS.B
,
Zero
Cpn
,
7/10/33
...
6,058
–
4907500.SQ.FTS.B
,
Zero
Cpn
,
7/11/33
...
4,190
–
4908035.SQ.FTS.B
,
Zero
Cpn
,
7/11/33
...
5,837
–
4923842.SQ.FTS.B
,
Zero
Cpn
,
7/16/33
...
1,929
–
4924187.SQ.FTS.B
,
Zero
Cpn
,
7/17/33
...
357
–
4925184.SQ.FTS.B
,
Zero
Cpn
,
7/18/33
...
2,723
–
4925548.SQ.FTS.B
,
Zero
Cpn
,
7/18/33
...
16,715
–
4925972.SQ.FTS.B
,
Zero
Cpn
,
7/18/33
...
7,444
1
4926169.SQ.FTS.B
,
Zero
Cpn
,
7/18/33
...
261
–
4927104.SQ.FTS.B
,
Zero
Cpn
,
7/19/33
...
7,625
1
4937358.SQ.FTS.B
,
Zero
Cpn
,
7/24/33
...
640
–
4938983.SQ.FTS.B
,
Zero
Cpn
,
7/25/33
...
1,318
–
4942412.SQ.FTS.B
,
Zero
Cpn
,
7/26/33
...
13,011
1
4955556.SQ.FTS.B
,
Zero
Cpn
,
7/29/33
...
1,340
–
4960204.SQ.FTS.B
,
Zero
Cpn
,
7/31/33
...
361
–
4967772.SQ.FTS.B
,
Zero
Cpn
,
8/02/33
...
6,680
–
4968011.SQ.FTS.B
,
Zero
Cpn
,
8/02/33
...
732
–
4968065.SQ.FTS.B
,
Zero
Cpn
,
8/02/33
...
9,113
–
4975394.SQ.FTS.B
,
Zero
Cpn
,
8/05/33
...
1,503
–
4981564.SQ.FTS.B
,
Zero
Cpn
,
8/09/33
...
474
–
4981810.SQ.FTS.B
,
Zero
Cpn
,
8/09/33
...
913
–
4989575.SQ.FTS.B
,
Zero
Cpn
,
8/11/33
...
1,283
–
4990427.SQ.FTS.B
,
Zero
Cpn
,
8/12/33
...
646
–
4990812.SQ.FTS.B
,
Zero
Cpn
,
8/12/33
...
3,319
–
4991412.SQ.FTS.B
,
Zero
Cpn
,
8/13/33
...
1,244
–
4992493.SQ.FTS.B
,
Zero
Cpn
,
8/14/33
...
1,237
–
4993580.SQ.FTS.B
,
Zero
Cpn
,
8/14/33
...
600
–
5006802.SQ.FTS.B
,
Zero
Cpn
,
8/16/33
...
7,127
1
5019192.SQ.FTS.B
,
Zero
Cpn
,
8/17/33
...
10,195
1
5026306.SQ.FTS.B
,
Zero
Cpn
,
8/19/33
...
5,011
–
5027172.SQ.FTS.B
,
Zero
Cpn
,
8/21/33
...
156
–
5042184.SQ.FTS.B
,
Zero
Cpn
,
8/25/33
...
127
3
5044278.SQ.FTS.B
,
Zero
Cpn
,
8/27/33
...
4,435
1
5047301.SQ.FTS.B
,
Zero
Cpn
,
8/28/33
...
4,140
1
5053049.SQ.FTS.B
,
Zero
Cpn
,
9/02/33
...
110
–
5058089.SQ.FTS.B
,
Zero
Cpn
,
9/03/33
...
14,656
6
5062108.SQ.FTS.B
,
Zero
Cpn
,
9/05/33
...
2,002
–
5065553.SQ.FTS.B
,
Zero
Cpn
,
9/07/33
...
11,144
3
5075271.SQ.FTS.B
,
Zero
Cpn
,
9/10/33
...
1,219
–
5075710.SQ.FTS.B
,
Zero
Cpn
,
9/11/33
...
2,580
–
5075922.SQ.FTS.B
,
Zero
Cpn
,
9/11/33
...
309
–
5090985.SQ.FTS.B
,
Zero
Cpn
,
9/17/33
...
383
–
5096024.SQ.FTS.B
,
Zero
Cpn
,
9/21/33
...
9,361
7
5096286.SQ.FTS.B
,
Zero
Cpn
,
9/21/33
...
250
–
5099070.SQ.FTS.B
,
Zero
Cpn
,
9/22/33
...
659
–
5102362.SQ.FTS.B
,
Zero
Cpn
,
9/23/33
...
26,662
8
5109707.SQ.FTS.B
,
Zero
Cpn
,
9/25/33
...
478
–
5110232.SQ.FTS.B
,
Zero
Cpn
,
9/26/33
...
4,917
2
5110450.SQ.FTS.B
,
Zero
Cpn
,
9/26/33
...
4,298
2
5114631.SQ.FTS.B
,
Zero
Cpn
,
9/29/33
...
2,038
3
5118658.SQ.FTS.B
,
Zero
Cpn
,
9/30/33
...
879
–
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)
Block,
Inc.
(continued)
5122398.SQ.FTS.B
,
Zero
Cpn
,
9/30/33
...
$
5,431
$
4
5123250.SQ.FTS.B
,
Zero
Cpn
,
9/30/33
...
2,209
1
5123870.SQ.FTS.B
,
Zero
Cpn
,
9/30/33
...
461
–
5130538.SQ.FTS.B
,
Zero
Cpn
,
10/04/33
..
2,193
1
5132890.SQ.FTS.B
,
Zero
Cpn
,
10/05/33
..
30,012
30
5134488.SQ.FTS.B
,
Zero
Cpn
,
10/05/33
..
1,144
3
5135982.SQ.FTS.B
,
Zero
Cpn
,
10/05/33
..
11,822
8
5138301.SQ.FTS.B
,
Zero
Cpn
,
10/06/33
..
2,419
7
5142732.SQ.FTS.B
,
Zero
Cpn
,
10/07/33
..
163
12
5144732.SQ.FTS.B
,
Zero
Cpn
,
10/07/33
..
2,684
1
5146188.SQ.FTS.B
,
Zero
Cpn
,
10/08/33
..
6,760
416
5154060.SQ.FTS.B
,
Zero
Cpn
,
10/12/33
..
494
1
5155680.SQ.FTS.B
,
Zero
Cpn
,
10/12/33
..
521
–
5156338.SQ.FTS.B
,
Zero
Cpn
,
10/12/33
..
2,755
6
5156676.SQ.FTS.B
,
Zero
Cpn
,
10/12/33
..
1,284
1
5160593.SQ.FTS.B
,
Zero
Cpn
,
10/13/33
..
14,723
22
5162594.SQ.FTS.B
,
Zero
Cpn
,
10/14/33
..
508
1
5163731.SQ.FTS.B
,
Zero
Cpn
,
10/14/33
..
7,221
13
5172784.SQ.FTS.B
,
Zero
Cpn
,
10/17/33
..
6,176
4
5179416.SQ.FTS.B
,
Zero
Cpn
,
10/18/33
..
2,654
3
5181201.SQ.FTS.B
,
Zero
Cpn
,
10/19/33
..
6,478
8
5183474.SQ.FTS.B
,
Zero
Cpn
,
10/19/33
..
575
1
5210392.SQ.FTS.B
,
Zero
Cpn
,
10/23/33
..
2,424
2
5220660.SQ.FTS.B
,
Zero
Cpn
,
10/26/33
..
1,536
3
5241436.SQ.FTS.B
,
Zero
Cpn
,
11/01/33
..
3,502
283
5243505.SQ.FTS.B
,
Zero
Cpn
,
11/02/33
..
20,719
36
5244949.SQ.FTS.B
,
Zero
Cpn
,
11/02/33
..
2,287
1
5245623.SQ.FTS.B
,
Zero
Cpn
,
11/02/33
..
4,046
17
5250706.SQ.FTS.B
,
Zero
Cpn
,
11/03/33
..
1,023
2
5250769.SQ.FTS.B
,
Zero
Cpn
,
11/03/33
..
1,742
1
5254554.SQ.FTS.B
,
Zero
Cpn
,
11/04/33
..
5,092
6
5254769.SQ.FTS.B
,
Zero
Cpn
,
11/04/33
..
1,097
4
5255302.SQ.FTS.B
,
Zero
Cpn
,
11/04/33
..
19,141
14
5262459.SQ.FTS.B
,
Zero
Cpn
,
11/05/33
..
220
–
5266476.SQ.FTS.B
,
Zero
Cpn
,
11/05/33
..
4,839
5
5266837.SQ.FTS.B
,
Zero
Cpn
,
11/05/33
..
3,783
8
5281103.SQ.FTS.B
,
Zero
Cpn
,
11/10/33
..
8,490
16
5293954.SQ.FTS.B
,
Zero
Cpn
,
11/14/33
..
344
1
5296287.SQ.FTS.B
,
Zero
Cpn
,
11/16/33
..
207
–
5305068.SQ.FTS.B
,
Zero
Cpn
,
11/17/33
..
77,744
52
5313405.SQ.FTS.B
,
Zero
Cpn
,
11/18/33
..
546
3
5316290.SQ.FTS.B
,
Zero
Cpn
,
11/19/33
..
884
1
5322693.SQ.FTS.B
,
Zero
Cpn
,
11/20/33
..
874
1
5325004.SQ.FTS.B
,
Zero
Cpn
,
11/22/33
..
1,379
3
5328895.SQ.FTS.B
,
Zero
Cpn
,
11/23/33
..
2,371
3
5329785.SQ.FTS.B
,
Zero
Cpn
,
11/23/33
..
1,629
3
5330101.SQ.FTS.B
,
Zero
Cpn
,
11/23/33
..
3,291
426
5363132.SQ.FTS.B
,
Zero
Cpn
,
11/26/33
..
7,301
14
5372948.SQ.FTS.B
,
Zero
Cpn
,
11/27/33
..
7,104
30
5374200.SQ.FTS.B
,
Zero
Cpn
,
11/27/33
..
7,532
15
5380422.SQ.FTS.B
,
Zero
Cpn
,
11/27/33
..
12,758
17
5381740.SQ.FTS.B
,
Zero
Cpn
,
11/29/33
..
733
1
5394107.SQ.FTS.B
,
Zero
Cpn
,
11/30/33
..
101
–
5400388.SQ.FTS.B
,
Zero
Cpn
,
12/01/33
..
2,133
4
5411337.SQ.FTS.B
,
Zero
Cpn
,
12/01/33
..
839
2
5414116.SQ.FTS.B
,
Zero
Cpn
,
12/01/33
..
15,698
36
5414769.SQ.FTS.B
,
Zero
Cpn
,
12/01/33
..
2,336
2
5462926.SQ.FTS.B
,
Zero
Cpn
,
12/03/33
..
3,148
3
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5473313.SQ.FTS.B
,
Zero
Cpn
,
12/04/33
..
$
665
$
1
5474055.SQ.FTS.B
,
Zero
Cpn
,
12/05/33
..
1,008
5
5507161.SQ.FTS.B
,
Zero
Cpn
,
12/08/33
..
8,476
18
5518301.SQ.FTS.B
,
Zero
Cpn
,
12/08/33
..
22,861
44
5528209.SQ.FTS.B
,
Zero
Cpn
,
12/09/33
..
9,462
49
5532399.SQ.FTS.B
,
Zero
Cpn
,
12/09/33
..
1,906
5
5534237.SQ.FTS.B
,
Zero
Cpn
,
12/09/33
..
6,220
15
5537587.SQ.FTS.B
,
Zero
Cpn
,
12/10/33
..
2,687
5
5540468.SQ.FTS.B
,
Zero
Cpn
,
12/11/33
..
1,805
4
5550397.SQ.FTS.B
,
Zero
Cpn
,
12/14/33
..
15,348
83
5554806.SQ.FTS.B
,
Zero
Cpn
,
12/15/33
..
1,418
5
5557572.SQ.FTS.B
,
Zero
Cpn
,
12/15/33
..
1,381
2
5565100.SQ.FTS.B
,
Zero
Cpn
,
12/17/33
..
1,552
4
5565348.SQ.FTS.B
,
Zero
Cpn
,
12/17/33
..
8,568
33
5568047.SQ.FTS.B
,
Zero
Cpn
,
12/18/33
..
25,893
80
5568680.SQ.FTS.B
,
Zero
Cpn
,
12/18/33
..
302
1
5571589.SQ.FTS.B
,
Zero
Cpn
,
12/20/33
..
1,376
8
5575033.SQ.FTS.B
,
Zero
Cpn
,
12/21/33
..
1,017
3
5577616.SQ.FTS.B
,
Zero
Cpn
,
12/22/33
..
314
1
5584916.SQ.FTS.B
,
Zero
Cpn
,
12/24/33
..
3,248
20
5588007.SQ.FTS.B
,
Zero
Cpn
,
12/25/33
..
16,177
55
5588372.SQ.FTS.B
,
Zero
Cpn
,
12/25/33
..
8,728
47
5588652.SQ.FTS.B
,
Zero
Cpn
,
12/25/33
..
419
63
5588819.SQ.FTS.B
,
Zero
Cpn
,
12/26/33
..
1,320
4
5594146.SQ.FTS.B
,
Zero
Cpn
,
12/28/33
..
3,596
10
5595419.SQ.FTS.B
,
Zero
Cpn
,
12/28/33
..
1,222
2
5597324.SQ.FTS.B
,
Zero
Cpn
,
12/29/33
..
359
31
5598446.SQ.FTS.B
,
Zero
Cpn
,
12/29/33
..
607
1
5600497.SQ.FTS.B
,
Zero
Cpn
,
12/29/33
..
130
1
5600512.SQ.FTS.B
,
Zero
Cpn
,
12/29/33
..
8,322
44
5610840.SQ.FTS.B
,
Zero
Cpn
,
12/30/33
..
7,751
524
5615484.SQ.FTS.B
,
Zero
Cpn
,
1/01/34
...
9,295
23
5618906.SQ.FTS.B
,
Zero
Cpn
,
1/03/34
...
2,590
4
5622466.SQ.FTS.B
,
Zero
Cpn
,
1/05/34
...
1,396
3
5624747.SQ.FTS.B
,
Zero
Cpn
,
1/05/34
...
1,208
7
5627076.SQ.FTS.B
,
Zero
Cpn
,
1/06/34
...
7,284
51
5627773.SQ.FTS.B
,
Zero
Cpn
,
1/06/34
...
1,198
3
5628952.SQ.FTS.B
,
Zero
Cpn
,
1/06/34
...
4,403
13
5641349.SQ.FTS.B
,
Zero
Cpn
,
1/07/34
...
1,084
3
5662108.SQ.FTS.B
,
Zero
Cpn
,
1/11/34
...
6,816
15
5662396.SQ.FTS.B
,
Zero
Cpn
,
1/11/34
...
879
2
5667327.SQ.FTS.B
,
Zero
Cpn
,
1/12/34
...
22,164
86
5694516.SQ.FTS.B
,
Zero
Cpn
,
1/14/34
...
5,260
1,569
5718687.SQ.FTS.B
,
Zero
Cpn
,
1/20/34
...
326
55
5719839.SQ.FTS.B
,
Zero
Cpn
,
1/20/34
...
7,877
28
5729235.SQ.FTS.B
,
Zero
Cpn
,
1/21/34
...
3,033
12
5732468.SQ.FTS.B
,
Zero
Cpn
,
1/22/34
...
186
1
5734498.SQ.FTS.B
,
Zero
Cpn
,
1/22/34
...
1,621
5
5738195.SQ.FTS.B
,
Zero
Cpn
,
1/25/34
...
854
7
5739159.SQ.FTS.B
,
Zero
Cpn
,
1/25/34
...
13,484
58
5740833.SQ.FTS.B
,
Zero
Cpn
,
1/26/34
...
110
10
5741356.SQ.FTS.B
,
Zero
Cpn
,
1/26/34
...
1,619
7
5742284.SQ.FTS.B
,
Zero
Cpn
,
1/26/34
...
5,681
1,314
5744108.SQ.FTS.B
,
Zero
Cpn
,
1/27/34
...
995
3
5754537.SQ.FTS.B
,
Zero
Cpn
,
1/29/34
...
930
4
5754674.SQ.FTS.B
,
Zero
Cpn
,
1/29/34
...
2,696
7
5762467.SQ.FTS.B
,
Zero
Cpn
,
2/01/34
...
2,052
8
5768898.SQ.FTS.B
,
Zero
Cpn
,
2/03/34
...
1,889
8
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)
Block,
Inc.
(continued)
5774005.SQ.FTS.B
,
Zero
Cpn
,
2/04/34
...
$
1,473
$
3
5774288.SQ.FTS.B
,
Zero
Cpn
,
2/04/34
...
779
4
5779587.SQ.FTS.B
,
Zero
Cpn
,
2/06/34
...
969
3
5779612.SQ.FTS.B
,
Zero
Cpn
,
2/06/34
...
3,348
18
5784284.SQ.FTS.B
,
Zero
Cpn
,
2/08/34
...
5,640
23
5787095.SQ.FTS.B
,
Zero
Cpn
,
2/09/34
...
491
3
5790156.SQ.FTS.B
,
Zero
Cpn
,
2/10/34
...
1,282
13
5790251.SQ.FTS.B
,
Zero
Cpn
,
2/10/34
...
2,713
4
5801823.SQ.FTS.B
,
Zero
Cpn
,
2/11/34
...
903
4
5802372.SQ.FTS.B
,
Zero
Cpn
,
2/11/34
...
5,979
58
5803772.SQ.FTS.B
,
Zero
Cpn
,
2/11/34
...
752
3
5806812.SQ.FTS.B
,
Zero
Cpn
,
2/11/34
...
369
5
5807048.SQ.FTS.B
,
Zero
Cpn
,
2/12/34
...
412
4
5807339.SQ.FTS.B
,
Zero
Cpn
,
2/12/34
...
7,842
45
5813279.SQ.FTS.B
,
Zero
Cpn
,
2/12/34
...
2,311
14
5813539.SQ.FTS.B
,
Zero
Cpn
,
2/13/34
...
2,195
10
5820502.SQ.FTS.B
,
Zero
Cpn
,
2/16/34
...
2,422
13
5820697.SQ.FTS.B
,
Zero
Cpn
,
2/16/34
...
1,220
3
5821573.SQ.FTS.B
,
Zero
Cpn
,
2/16/34
...
1,346
3
5830235.SQ.FTS.B
,
Zero
Cpn
,
2/18/34
...
10,562
72
5833277.SQ.FTS.B
,
Zero
Cpn
,
2/19/34
...
1,687
16
5833649.SQ.FTS.B
,
Zero
Cpn
,
2/19/34
...
7,646
895
5833923.SQ.FTS.B
,
Zero
Cpn
,
2/19/34
...
3,357
27
5834289.SQ.FTS.B
,
Zero
Cpn
,
2/20/34
...
378
121
5836241.SQ.FTS.B
,
Zero
Cpn
,
2/22/34
...
4,473
30
5837692.SQ.FTS.B
,
Zero
Cpn
,
2/22/34
...
1,461
326
5837836.SQ.FTS.B
,
Zero
Cpn
,
2/22/34
...
4,096
24
5842217.SQ.FTS.B
,
Zero
Cpn
,
2/23/34
...
755
3
5843755.SQ.FTS.B
,
Zero
Cpn
,
2/24/34
...
5,701
62
5845026.SQ.FTS.B
,
Zero
Cpn
,
2/24/34
...
716
3
5845038.SQ.FTS.B
,
Zero
Cpn
,
2/24/34
...
533
76
5848518.SQ.FTS.B
,
Zero
Cpn
,
2/25/34
...
389
53
5851164.SQ.FTS.B
,
Zero
Cpn
,
2/25/34
...
26,208
181
5852732.SQ.FTS.B
,
Zero
Cpn
,
2/26/34
...
6,024
28
5854302.SQ.FTS.B
,
Zero
Cpn
,
2/26/34
...
3,611
27
5855717.SQ.FTS.B
,
Zero
Cpn
,
2/27/34
...
1,319
11
5856105.SQ.FTS.B
,
Zero
Cpn
,
2/28/34
...
78
9
5861074.SQ.FTS.B
,
Zero
Cpn
,
2/28/34
...
2,179
11
5861387.SQ.FTS.B
,
Zero
Cpn
,
2/28/34
...
347
3
5862719.SQ.FTS.B
,
Zero
Cpn
,
2/28/34
...
4,110
22
5867284.SQ.FTS.B
,
Zero
Cpn
,
2/28/34
...
4,758
25
5871974.SQ.FTS.B
,
Zero
Cpn
,
3/01/34
...
354
3
5876337.SQ.FTS.B
,
Zero
Cpn
,
3/02/34
...
2,139
6
5877622.SQ.FTS.B
,
Zero
Cpn
,
3/03/34
...
1,737
12
5881097.SQ.FTS.B
,
Zero
Cpn
,
3/06/34
...
1,672
347
5889950.SQ.FTS.B
,
Zero
Cpn
,
3/08/34
...
2,001
21
5890652.SQ.FTS.B
,
Zero
Cpn
,
3/08/34
...
2,944
31
5894262.SQ.FTS.B
,
Zero
Cpn
,
3/09/34
...
6,335
37
5894989.SQ.FTS.B
,
Zero
Cpn
,
3/10/34
...
1,832
11
5901096.SQ.FTS.B
,
Zero
Cpn
,
3/13/34
...
8,515
76
5901715.SQ.FTS.B
,
Zero
Cpn
,
3/13/34
...
491
3
5912773.SQ.FTS.B
,
Zero
Cpn
,
3/16/34
...
13,179
122
5914110.SQ.FTS.B
,
Zero
Cpn
,
3/18/34
...
1,460
20
5918667.SQ.FTS.B
,
Zero
Cpn
,
3/20/34
...
495
118
5922874.SQ.FTS.B
,
Zero
Cpn
,
3/21/34
...
9,877
151
5924210.SQ.FTS.B
,
Zero
Cpn
,
3/21/34
...
11,933
161
5925246.SQ.FTS.B
,
Zero
Cpn
,
3/21/34
...
3,145
25
5929107.SQ.FTS.B
,
Zero
Cpn
,
3/22/34
...
4,507
52
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5930081.SQ.FTS.B
,
Zero
Cpn
,
3/22/34
...
$
1,383
$
12
5934510.SQ.FTS.B
,
Zero
Cpn
,
3/24/34
...
877
6
5937710.SQ.FTS.B
,
Zero
Cpn
,
3/26/34
...
9,403
114
5938544.SQ.FTS.B
,
Zero
Cpn
,
3/26/34
...
8,920
114
5941408.SQ.FTS.B
,
Zero
Cpn
,
3/27/34
...
4,263
729
5949113.SQ.FTS.B
,
Zero
Cpn
,
3/29/34
...
316
129
5949246.SQ.FTS.B
,
Zero
Cpn
,
3/29/34
...
2,143
27
5950325.SQ.FTS.B
,
Zero
Cpn
,
3/29/34
...
1,266
6
5951713.SQ.FTS.B
,
Zero
Cpn
,
3/29/34
...
1,791
245
5951743.SQ.FTS.B
,
Zero
Cpn
,
3/29/34
...
8,659
3,211
5954057.SQ.FTS.B
,
Zero
Cpn
,
3/30/34
...
10,357
148
5956156.SQ.FTS.B
,
Zero
Cpn
,
4/01/34
...
4,565
53
5956226.SQ.FTS.B
,
Zero
Cpn
,
4/02/34
...
5,662
134
5965480.SQ.FTS.B
,
Zero
Cpn
,
4/05/34
...
1,017
466
5966004.SQ.FTS.B
,
Zero
Cpn
,
4/05/34
...
25,979
368
5966970.SQ.FTS.B
,
Zero
Cpn
,
4/05/34
...
6,042
157
5972193.SQ.FTS.B
,
Zero
Cpn
,
4/06/34
...
2,834
71
5972346.SQ.FTS.B
,
Zero
Cpn
,
4/06/34
...
594
132
5974110.SQ.FTS.B
,
Zero
Cpn
,
4/06/34
...
760
9
5977756.SQ.FTS.B
,
Zero
Cpn
,
4/07/34
...
10,251
136
5978395.SQ.FTS.B
,
Zero
Cpn
,
4/08/34
...
5,654
74
5980004.SQ.FTS.B
,
Zero
Cpn
,
4/10/34
...
14,671
116
5980834.SQ.FTS.B
,
Zero
Cpn
,
4/10/34
...
2,059
11
5983711.SQ.FTS.B
,
Zero
Cpn
,
4/11/34
...
170
2
5984682.SQ.FTS.B
,
Zero
Cpn
,
4/12/34
...
390
78
5986413.SQ.FTS.B
,
Zero
Cpn
,
4/12/34
...
2,347
11
5989761.SQ.FTS.B
,
Zero
Cpn
,
4/13/34
...
125
1
5991501.SQ.FTS.B
,
Zero
Cpn
,
4/13/34
...
1,416
11
5991559.SQ.FTS.B
,
Zero
Cpn
,
4/13/34
...
2,551
43
5996138.SQ.FTS.B
,
Zero
Cpn
,
4/14/34
...
2,468
26
5996458.SQ.FTS.B
,
Zero
Cpn
,
4/15/34
...
5,187
2,409
5997621.SQ.FTS.B
,
Zero
Cpn
,
4/16/34
...
2,321
17
6000204.SQ.FTS.B
,
Zero
Cpn
,
4/17/34
...
175
2
6003010.SQ.FTS.B
,
Zero
Cpn
,
4/18/34
...
1,626
21
6003035.SQ.FTS.B
,
Zero
Cpn
,
4/18/34
...
40,734
1,053
6005126.SQ.FTS.B
,
Zero
Cpn
,
4/19/34
...
1,515
672
6005761.SQ.FTS.B
,
Zero
Cpn
,
4/19/34
...
207
103
6006837.SQ.FTS.B
,
Zero
Cpn
,
4/19/34
...
11,360
103
6007073.SQ.FTS.B
,
Zero
Cpn
,
4/19/34
...
72
1
6007679.SQ.FTS.B
,
Zero
Cpn
,
4/19/34
...
2,522
24
6010152.SQ.FTS.B
,
Zero
Cpn
,
4/20/34
...
1,618
596
6013787.SQ.FTS.B
,
Zero
Cpn
,
4/21/34
...
291
5
6014176.SQ.FTS.B
,
Zero
Cpn
,
4/21/34
...
76
20
6015922.SQ.FTS.B
,
Zero
Cpn
,
4/22/34
...
2,381
34
6017671.SQ.FTS.B
,
Zero
Cpn
,
4/24/34
...
1,081
21
6020766.SQ.FTS.B
,
Zero
Cpn
,
4/24/34
...
1,785
15
6021277.SQ.FTS.B
,
Zero
Cpn
,
4/25/34
...
4,902
76
6022726.SQ.FTS.B
,
Zero
Cpn
,
4/25/34
...
440
97
6025558.SQ.FTS.B
,
Zero
Cpn
,
4/26/34
...
833
16
6026398.SQ.FTS.B
,
Zero
Cpn
,
4/26/34
...
2,245
37
6032149.SQ.FTS.B
,
Zero
Cpn
,
4/27/34
...
1,557
274
6033308.SQ.FTS.B
,
Zero
Cpn
,
4/28/34
...
2,943
46
6035132.SQ.FTS.B
,
Zero
Cpn
,
4/28/34
...
17
8
6038307.SQ.FTS.B
,
Zero
Cpn
,
4/30/34
...
11,023
83
6041701.SQ.FTS.B
,
Zero
Cpn
,
4/30/34
...
6,983
46
6041983.SQ.FTS.B
,
Zero
Cpn
,
5/01/34
...
40,970
676
6046321.SQ.FTS.B
,
Zero
Cpn
,
5/02/34
...
4,007
36
6046375.SQ.FTS.B
,
Zero
Cpn
,
5/02/34
...
3,159
32
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)
Block,
Inc.
(continued)
6047820.SQ.FTS.B
,
Zero
Cpn
,
5/02/34
...
$
649
$
123
6056014.SQ.FTS.B
,
Zero
Cpn
,
5/04/34
...
5,626
2,674
6057856.SQ.FTS.B
,
Zero
Cpn
,
5/04/34
...
4,257
63
6059813.SQ.FTS.B
,
Zero
Cpn
,
5/06/34
...
6,787
93
6063093.SQ.FTS.B
,
Zero
Cpn
,
5/07/34
...
3,406
56
6120756.SQ.FTS.B
,
Zero
Cpn
,
5/09/34
...
192
3
6120938.SQ.FTS.B
,
Zero
Cpn
,
5/09/34
...
18,006
2,562
6122715.SQ.FTS.B
,
Zero
Cpn
,
5/10/34
...
45,745
1,580
6123680.SQ.FTS.B
,
Zero
Cpn
,
5/10/34
...
16,685
8,616
6126608.SQ.FTS.B
,
Zero
Cpn
,
5/12/34
...
4,440
84
6127192.SQ.FTS.B
,
Zero
Cpn
,
5/13/34
...
2,501
30
6127374.SQ.FTS.B
,
Zero
Cpn
,
5/13/34
...
2,574
22
6133707.SQ.FTS.B
,
Zero
Cpn
,
5/15/34
...
11,499
112
6134623.SQ.FTS.B
,
Zero
Cpn
,
5/15/34
...
17,381
734
6135022.SQ.FTS.B
,
Zero
Cpn
,
5/16/34
...
3,251
86
6135248.SQ.FTS.B
,
Zero
Cpn
,
5/16/34
...
8,060
109
6136481.SQ.FTS.B
,
Zero
Cpn
,
5/16/34
...
4,428
57
6139899.SQ.FTS.B
,
Zero
Cpn
,
5/17/34
...
5,390
168
6141598.SQ.FTS.B
,
Zero
Cpn
,
5/17/34
...
3,417
485
6141840.SQ.FTS.B
,
Zero
Cpn
,
5/17/34
...
3,171
68
6144839.SQ.FTS.B
,
Zero
Cpn
,
5/18/34
...
3,373
2,108
6145876.SQ.FTS.B
,
Zero
Cpn
,
5/18/34
...
2,747
28
6147217.SQ.FTS.B
,
Zero
Cpn
,
5/19/34
...
462
10
6147492.SQ.FTS.B
,
Zero
Cpn
,
5/19/34
...
224
57
6149785.SQ.FTS.B
,
Zero
Cpn
,
5/21/34
...
1,256
27
6151254.SQ.FTS.B
,
Zero
Cpn
,
5/21/34
...
33,491
862
6153219.SQ.FTS.B
,
Zero
Cpn
,
5/22/34
...
2,899
81
6153275.SQ.FTS.B
,
Zero
Cpn
,
5/22/34
...
624
334
6155930.SQ.FTS.B
,
Zero
Cpn
,
5/22/34
...
9,003
92
6157661.SQ.FTS.B
,
Zero
Cpn
,
5/23/34
...
955
19
6157670.SQ.FTS.B
,
Zero
Cpn
,
5/23/34
...
895
251
6158976.SQ.FTS.B
,
Zero
Cpn
,
5/23/34
...
478
7
6161004.SQ.FTS.B
,
Zero
Cpn
,
5/24/34
...
1,742
44
6161916.SQ.FTS.B
,
Zero
Cpn
,
5/25/34
...
3,028
52
6163115.SQ.FTS.B
,
Zero
Cpn
,
5/25/34
...
9,867
323
6163558.SQ.FTS.B
,
Zero
Cpn
,
5/25/34
...
738
11
6165678.SQ.FTS.B
,
Zero
Cpn
,
5/27/34
...
4,327
46
6169587.SQ.FTS.B
,
Zero
Cpn
,
5/28/34
...
3,516
125
6171294.SQ.FTS.B
,
Zero
Cpn
,
5/29/34
...
607
385
6173147.SQ.FTS.B
,
Zero
Cpn
,
5/29/34
...
912
555
6173987.SQ.FTS.B
,
Zero
Cpn
,
5/30/34
...
870
568
6174099.SQ.FTS.B
,
Zero
Cpn
,
5/30/34
...
186
122
6174665.SQ.FTS.B
,
Zero
Cpn
,
5/30/34
...
517
280
6180164.SQ.FTS.B
,
Zero
Cpn
,
6/01/34
...
168
94
6181401.SQ.FTS.B
,
Zero
Cpn
,
6/01/34
...
341
84
6182359.SQ.FTS.B
,
Zero
Cpn
,
6/02/34
...
1,794
986
6183669.SQ.FTS.B
,
Zero
Cpn
,
6/02/34
...
1,808
1,195
6184876.SQ.FTS.B
,
Zero
Cpn
,
6/02/34
...
391
259
6185855.SQ.FTS.B
,
Zero
Cpn
,
6/03/34
...
1,140
744
6186999.SQ.FTS.B
,
Zero
Cpn
,
6/04/34
...
1,497
819
6190102.SQ.FTS.B
,
Zero
Cpn
,
6/05/34
...
264
162
6190783.SQ.FTS.B
,
Zero
Cpn
,
6/05/34
...
1,090
6
6192067.SQ.FTS.B
,
Zero
Cpn
,
6/06/34
...
497
9
6194735.SQ.FTS.B
,
Zero
Cpn
,
6/06/34
...
908
591
6194754.SQ.FTS.B
,
Zero
Cpn
,
6/06/34
...
299
199
6196734.SQ.FTS.B
,
Zero
Cpn
,
6/07/34
...
1,042
18
6196936.SQ.FTS.B
,
Zero
Cpn
,
6/07/34
...
1,154
21
6200609.SQ.FTS.B
,
Zero
Cpn
,
6/07/34
...
1,061
17
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6204820.SQ.FTS.B
,
Zero
Cpn
,
6/08/34
...
$
1,654
$
41
6206838.SQ.FTS.B
,
Zero
Cpn
,
6/09/34
...
339
188
6207369.SQ.FTS.B
,
Zero
Cpn
,
6/09/34
...
618
132
6207861.SQ.FTS.B
,
Zero
Cpn
,
6/09/34
...
37,929
241
6213794.SQ.FTS.B
,
Zero
Cpn
,
6/12/34
...
3,389
41
6215032.SQ.FTS.B
,
Zero
Cpn
,
6/13/34
...
3,341
57
6216579.SQ.FTS.B
,
Zero
Cpn
,
6/13/34
...
580
10
6216601.SQ.FTS.B
,
Zero
Cpn
,
6/13/34
...
2,272
82
6219277.SQ.FTS.B
,
Zero
Cpn
,
6/14/34
...
74
46
6220076.SQ.FTS.B
,
Zero
Cpn
,
6/14/34
...
3,725
36
6220695.SQ.FTS.B
,
Zero
Cpn
,
6/14/34
...
23,011
877
6225147.SQ.FTS.B
,
Zero
Cpn
,
6/15/34
...
973
665
6226503.SQ.FTS.B
,
Zero
Cpn
,
6/15/34
...
3,035
63
6228415.SQ.FTS.B
,
Zero
Cpn
,
6/16/34
...
125
60
6229129.SQ.FTS.B
,
Zero
Cpn
,
6/16/34
...
44,876
1,489
6234555.SQ.FTS.B
,
Zero
Cpn
,
6/16/34
...
1,536
52
6235160.SQ.FTS.B
,
Zero
Cpn
,
6/17/34
...
6,431
70
6235489.SQ.FTS.B
,
Zero
Cpn
,
6/17/34
...
2,967
1,766
6235797.SQ.FTS.B
,
Zero
Cpn
,
6/17/34
...
5,020
33
6235824.SQ.FTS.B
,
Zero
Cpn
,
6/17/34
...
1,663
37
6236427.SQ.FTS.B
,
Zero
Cpn
,
6/18/34
...
10,363
208
6240143.SQ.FTS.B
,
Zero
Cpn
,
6/19/34
...
3,654
49
6240208.SQ.FTS.B
,
Zero
Cpn
,
6/20/34
...
5,830
118
6241838.SQ.FTS.B
,
Zero
Cpn
,
6/20/34
...
3,284
1,883
6243216.SQ.FTS.B
,
Zero
Cpn
,
6/20/34
...
2,455
1,692
6244041.SQ.FTS.B
,
Zero
Cpn
,
6/21/34
...
154
56
6244975.SQ.FTS.B
,
Zero
Cpn
,
6/21/34
...
205
135
6245007.SQ.FTS.B
,
Zero
Cpn
,
6/21/34
...
832
25
6245977.SQ.FTS.B
,
Zero
Cpn
,
6/21/34
...
126
75
6250117.SQ.FTS.B
,
Zero
Cpn
,
6/22/34
...
233
153
6250307.SQ.FTS.B
,
Zero
Cpn
,
6/22/34
...
170
120
6255542.SQ.FTS.B
,
Zero
Cpn
,
6/24/34
...
593
19
6255617.SQ.FTS.B
,
Zero
Cpn
,
6/24/34
...
521
330
6255909.SQ.FTS.B
,
Zero
Cpn
,
6/25/34
...
975
16
6255997.SQ.FTS.B
,
Zero
Cpn
,
6/25/34
...
1,357
13
6256740.SQ.FTS.B
,
Zero
Cpn
,
6/26/34
...
688
25
6261747.SQ.FTS.B
,
Zero
Cpn
,
6/28/34
...
1,076
718
6262497.SQ.FTS.B
,
Zero
Cpn
,
6/28/34
...
8,184
285
6265155.SQ.FTS.B
,
Zero
Cpn
,
6/29/34
...
6,047
143
6266047.SQ.FTS.B
,
Zero
Cpn
,
6/29/34
...
1,221
758
6268655.SQ.FTS.B
,
Zero
Cpn
,
6/30/34
...
465
276
6270473.SQ.FTS.B
,
Zero
Cpn
,
6/30/34
...
3,312
25
6271872.SQ.FTS.B
,
Zero
Cpn
,
7/02/34
...
829
558
6276763.SQ.FTS.B
,
Zero
Cpn
,
7/04/34
...
2,289
58
6276874.SQ.FTS.B
,
Zero
Cpn
,
7/04/34
...
1,221
654
6277246.SQ.FTS.B
,
Zero
Cpn
,
7/04/34
...
349
91
6279862.SQ.FTS.B
,
Zero
Cpn
,
7/05/34
...
16,989
539
6280869.SQ.FTS.B
,
Zero
Cpn
,
7/05/34
...
4,517
158
6282086.SQ.FTS.B
,
Zero
Cpn
,
7/05/34
...
245
165
6284870.SQ.FTS.B
,
Zero
Cpn
,
7/06/34
...
4,604
3,264
6286798.SQ.FTS.B
,
Zero
Cpn
,
7/09/34
...
3,737
195
6290930.SQ.FTS.B
,
Zero
Cpn
,
7/10/34
...
741
376
6290969.SQ.FTS.B
,
Zero
Cpn
,
7/10/34
...
1,070
376
6291374.SQ.FTS.B
,
Zero
Cpn
,
7/10/34
...
3,201
2,289
6304502.SQ.FTS.B
,
Zero
Cpn
,
7/15/34
...
11,736
274
6304870.SQ.FTS.B
,
Zero
Cpn
,
7/15/34
...
15,082
815
6305807.SQ.FTS.B
,
Zero
Cpn
,
7/16/34
...
412
255
6306494.SQ.FTS.B
,
Zero
Cpn
,
7/17/34
...
12,186
642
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)
Block,
Inc.
(continued)
6308429.SQ.FTS.B
,
Zero
Cpn
,
7/17/34
...
$
2,315
$
957
6308611.SQ.FTS.B
,
Zero
Cpn
,
7/18/34
...
3,656
2,605
6308976.SQ.FTS.B
,
Zero
Cpn
,
7/18/34
...
3,197
55
6314524.SQ.FTS.B
,
Zero
Cpn
,
7/19/34
...
5,851
4,028
6314730.SQ.FTS.B
,
Zero
Cpn
,
7/19/34
...
3,074
99
6315256.SQ.FTS.B
,
Zero
Cpn
,
7/19/34
...
3,856
70
6319060.SQ.FTS.B
,
Zero
Cpn
,
7/21/34
...
2,763
1,702
6319630.SQ.FTS.B
,
Zero
Cpn
,
7/21/34
...
308
190
6319919.SQ.FTS.B
,
Zero
Cpn
,
7/21/34
...
843
431
6319933.SQ.FTS.B
,
Zero
Cpn
,
7/21/34
...
14,196
419
6320178.SQ.FTS.B
,
Zero
Cpn
,
7/22/34
...
3,234
109
6321758.SQ.FTS.B
,
Zero
Cpn
,
7/23/34
...
4,486
3,174
6328384.SQ.FTS.B
,
Zero
Cpn
,
7/23/34
...
288
111
6352903.SQ.FTS.B
,
Zero
Cpn
,
7/24/34
...
2,446
1,108
6353710.SQ.FTS.B
,
Zero
Cpn
,
7/24/34
...
4,027
132
6353899.SQ.FTS.B
,
Zero
Cpn
,
7/24/34
...
4,541
2,956
6355005.SQ.FTS.B
,
Zero
Cpn
,
7/25/34
...
11,762
535
6355353.SQ.FTS.B
,
Zero
Cpn
,
7/25/34
...
4,215
2,724
6359467.SQ.FTS.B
,
Zero
Cpn
,
7/26/34
...
39,136
27,896
6362699.SQ.FTS.B
,
Zero
Cpn
,
7/27/34
...
42,087
1,753
6363683.SQ.FTS.B
,
Zero
Cpn
,
7/27/34
...
1,459
976
6364953.SQ.FTS.B
,
Zero
Cpn
,
7/27/34
...
4,175
284
6369186.SQ.FTS.B
,
Zero
Cpn
,
7/30/34
...
158
84
6373846.SQ.FTS.B
,
Zero
Cpn
,
7/31/34
...
4,529
163
6378691.SQ.FTS.B
,
Zero
Cpn
,
8/02/34
...
21,929
14,993
6382458.SQ.FTS.B
,
Zero
Cpn
,
8/03/34
...
5,373
3,647
6383269.SQ.FTS.B
,
Zero
Cpn
,
8/03/34
...
1,505
998
6385666.SQ.FTS.B
,
Zero
Cpn
,
8/04/34
...
1,880
69
6385845.SQ.FTS.B
,
Zero
Cpn
,
8/04/34
...
326
6
6386508.SQ.FTS.B
,
Zero
Cpn
,
8/05/34
...
437
290
6390336.SQ.FTS.B
,
Zero
Cpn
,
8/07/34
...
643
520
6390840.SQ.FTS.B
,
Zero
Cpn
,
8/07/34
...
3,830
119
6391712.SQ.FTS.B
,
Zero
Cpn
,
8/07/34
...
415
322
6393406.SQ.FTS.B
,
Zero
Cpn
,
8/08/34
...
2,678
2,147
6394386.SQ.FTS.B
,
Zero
Cpn
,
8/08/34
...
816
26
6395219.SQ.FTS.B
,
Zero
Cpn
,
8/08/34
...
744
562
6401953.SQ.FTS.B
,
Zero
Cpn
,
8/10/34
...
876
21
6401970.SQ.FTS.B
,
Zero
Cpn
,
8/10/34
...
1,665
53
6403479.SQ.FTS.B
,
Zero
Cpn
,
8/10/34
...
3,208
2,055
6404445.SQ.FTS.B
,
Zero
Cpn
,
8/11/34
...
1,220
683
6405166.SQ.FTS.B
,
Zero
Cpn
,
8/12/34
...
19,913
953
6405910.SQ.FTS.B
,
Zero
Cpn
,
8/13/34
...
3,272
2,233
6406598.SQ.FTS.B
,
Zero
Cpn
,
8/13/34
...
529
362
6406724.SQ.FTS.B
,
Zero
Cpn
,
8/13/34
...
1,200
907
6406838.SQ.FTS.B
,
Zero
Cpn
,
8/13/34
...
114
97
6407824.SQ.FTS.B
,
Zero
Cpn
,
8/13/34
...
460
13
6408129.SQ.FTS.B
,
Zero
Cpn
,
8/13/34
...
246
203
6408523.SQ.FTS.B
,
Zero
Cpn
,
8/13/34
...
5,951
3,752
6409863.SQ.FTS.B
,
Zero
Cpn
,
8/14/34
...
1,085
825
6411150.SQ.FTS.B
,
Zero
Cpn
,
8/14/34
...
2,180
128
6412243.SQ.FTS.B
,
Zero
Cpn
,
8/15/34
...
3,523
2,204
6413000.SQ.FTS.B
,
Zero
Cpn
,
8/15/34
...
1,544
990
6414098.SQ.FTS.B
,
Zero
Cpn
,
8/15/34
...
3,987
96
6414405.SQ.FTS.B
,
Zero
Cpn
,
8/15/34
...
1,715
32
6420149.SQ.FTS.B
,
Zero
Cpn
,
8/16/34
...
12,660
616
6421844.SQ.FTS.B
,
Zero
Cpn
,
8/17/34
...
1,749
1,230
6423702.SQ.FTS.B
,
Zero
Cpn
,
8/17/34
...
19,955
455
6424082.SQ.FTS.B
,
Zero
Cpn
,
8/17/34
...
2,329
1,661
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6424267.SQ.FTS.B
,
Zero
Cpn
,
8/18/34
...
$
8,687
$
4,627
6425248.SQ.FTS.B
,
Zero
Cpn
,
8/19/34
...
2,879
2,246
6425796.SQ.FTS.B
,
Zero
Cpn
,
8/20/34
...
1,909
1,231
6426793.SQ.FTS.B
,
Zero
Cpn
,
8/20/34
...
568
14
6427509.SQ.FTS.B
,
Zero
Cpn
,
8/21/34
...
4,726
178
6428249.SQ.FTS.B
,
Zero
Cpn
,
8/21/34
...
4,441
3,347
6428407.SQ.FTS.B
,
Zero
Cpn
,
8/21/34
...
7,388
142
6429640.SQ.FTS.B
,
Zero
Cpn
,
8/21/34
...
5,813
181
6430566.SQ.FTS.B
,
Zero
Cpn
,
8/22/34
...
8,492
6,192
6435568.SQ.FTS.B
,
Zero
Cpn
,
8/23/34
...
44
29
6436495.SQ.FTS.B
,
Zero
Cpn
,
8/23/34
...
20,201
10,952
6439293.SQ.FTS.B
,
Zero
Cpn
,
8/23/34
...
7,365
507
6439475.SQ.FTS.B
,
Zero
Cpn
,
8/23/34
...
709
441
6441111.SQ.FTS.B
,
Zero
Cpn
,
8/24/34
...
680
114
6441614.SQ.FTS.B
,
Zero
Cpn
,
8/24/34
...
8,386
5,367
6443707.SQ.FTS.B
,
Zero
Cpn
,
8/24/34
...
35,282
1,510
6445162.SQ.FTS.B
,
Zero
Cpn
,
8/26/34
...
4,917
3,529
6447179.SQ.FTS.B
,
Zero
Cpn
,
8/27/34
...
201
148
6447640.SQ.FTS.B
,
Zero
Cpn
,
8/27/34
...
2,396
125
6447919.SQ.FTS.B
,
Zero
Cpn
,
8/27/34
...
276
9
6448059.SQ.FTS.B
,
Zero
Cpn
,
8/27/34
...
5,140
201
6448205.SQ.FTS.B
,
Zero
Cpn
,
8/27/34
...
7,623
206
6448382.SQ.FTS.B
,
Zero
Cpn
,
8/27/34
...
5,267
2,205
6448554.SQ.FTS.B
,
Zero
Cpn
,
8/27/34
...
2,059
1,173
6449422.SQ.FTS.B
,
Zero
Cpn
,
8/28/34
...
285
206
6452425.SQ.FTS.B
,
Zero
Cpn
,
8/28/34
...
233
214
6452451.SQ.FTS.B
,
Zero
Cpn
,
8/28/34
...
3,082
182
23,964,038
Freedom
Financial
Asset
Management
LLC
APP-17218556.FP.FTS.B
,
5
.99
%
,
9/09/24
.
530
530
APP-17230704.FP.FTS.B
,
5
.99
%
,
9/23/24
.
467
468
APP-10830803.FP.FTS.B
,
23
.49
%
,
11/30/24
2,048
2,101
APP-11673054.FP.FTS.B
,
18
.99
%
,
12/16/24
3,988
423
APP-11740833.FP.FTS.B
,
23
.99
%
,
12/22/24
3,279
3,351
APP-12331634.FP.FTS.B
,
7
.74
%
,
2/04/25
.
3,499
3,515
APP-11751656.FP.FTS.B
,
9
.74
%
,
2/05/25
.
2,588
2,594
APP-11912407.FP.FTS.B
,
15
.99
%
,
2/15/25
4,448
4,489
APP-12050640.FP.FTS.B
,
12
.24
%
,
3/15/25
6,571
6,612
APP-12033288.FP.FTS.B
,
14
.49
%
,
3/15/25
4,679
4,722
APP-11872506.FP.FTS.B
,
19
.49
%
,
3/15/25
4,539
4,600
APP-12270565.FP.FTS.B
,
16
.49
%
,
3/17/25
7,219
7,328
APP-12351684.FP.FTS.B
,
7
.49
%
,
3/18/25
.
3,029
3,043
APP-12270708.FP.FTS.B
,
9
.49
%
,
3/20/25
.
4,182
4,204
APP-12420138.FP.FTS.B
,
17
.99
%
,
3/20/25
2,473
2,501
APP-12287521.FP.FTS.B
,
16
.49
%
,
3/22/25
3,397
3,437
APP-13752242.FP.FTS.B
,
10
.09
%
,
4/01/25
1,741
1,742
APP-14058368.FP.FTS.B
,
12
.49
%
,
5/01/25
6,762
6,794
APP-14113024.FP.FTS.B
,
11
.59
%
,
5/03/25
3,473
3,493
APP-14094552.FP.FTS.B
,
17
.74
%
,
5/03/25
6,973
6,957
APP-14304933.FP.FTS.B
,
14
.99
%
,
5/12/25
4,251
2,761
APP-13745262.FP.FTS.B
,
12
.84
%
,
5/16/25
15,808
15,934
APP-13550190.FP.FTS.B
,
24
.99
%
,
5/16/25
5,201
5,295
APP-13512883.FP.FTS.B
,
9
.84
%
,
5/20/25
.
11,323
11,411
APP-13957398.FP.FTS.B
,
14
.49
%
,
6/01/25
6,854
6,891
APP-13914811.FP.FTS.B
,
15
.09
%
,
6/03/25
2,899
2,914
APP-13821733.FP.FTS.B
,
22
.99
%
,
6/03/25
6,624
1,597
APP-13609952.FP.FTS.B
,
10
.09
%
,
6/04/25
13,104
13,186
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)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-13818738.FP.FTS.B
,
10
.84
%
,
6/04/25
$
14,086
$
14,175
APP-14179362.FP.FTS.B
,
17
.49
%
,
6/05/25
2,928
2,943
APP-15039073.FP.FTS.B
,
23
.49
%
,
6/05/25
4,742
1,042
APP-13901500.FP.FTS.B
,
19
.49
%
,
6/07/25
5,150
5,191
APP-13913960.FP.FTS.B
,
25
.49
%
,
6/07/25
3,380
3,411
APP-14166988.FP.FTS.B
,
17
.49
%
,
6/09/25
3,346
3,368
APP-14165903.FP.FTS.B
,
19
.24
%
,
6/12/25
17,108
17,289
APP-14058139.FP.FTS.B
,
11
.84
%
,
6/15/25
4,195
4,226
APP-14058182.FP.FTS.B
,
18
.49
%
,
6/15/25
2,616
2,643
APP-13968504.FP.FTS.B
,
19
.49
%
,
6/15/25
5,253
5,319
APP-14319615.FP.FTS.B
,
18
.49
%
,
6/16/25
7,438
7,521
APP-13822936.FP.FTS.B
,
9
.34
%
,
6/17/25
.
9,373
9,445
APP-14176007.FP.FTS.B
,
7
.84
%
,
6/18/25
.
7,631
7,689
APP-14182518.FP.FTS.B
,
7
.84
%
,
6/18/25
.
6,679
6,730
APP-14189826.FP.FTS.B
,
9
.34
%
,
6/18/25
.
9,186
9,262
APP-14147815.FP.FTS.B
,
19
.99
%
,
6/18/25
3,349
3,368
APP-14118175.FP.FTS.B
,
10
.09
%
,
6/19/25
5,655
5,700
APP-14058272.FP.FTS.B
,
12
.59
%
,
6/19/25
8,904
8,981
APP-14181617.FP.FTS.B
,
18
.49
%
,
6/19/25
5,484
5,553
APP-14057653.FP.FTS.B
,
10
.09
%
,
6/20/25
5,613
5,659
APP-14349793.FP.FTS.B
,
16
.24
%
,
6/26/25
9,496
9,657
APP-14107541.FP.FTS.B
,
10
.09
%
,
6/28/25
2,246
2,254
APP-14145063.FP.FTS.B
,
20
.49
%
,
6/28/25
2,522
2,569
APP-15705647.FP.FTS.B
,
18
.74
%
,
6/30/25
5,526
5,609
APP-15754423.FP.FTS.B
,
25
.49
%
,
7/04/25
4,786
4,855
APP-14867025.FP.FTS.B
,
8
.24
%
,
7/06/25
.
7,768
7,818
APP-14907939.FP.FTS.B
,
17
.49
%
,
7/07/25
8,751
5,814
APP-15017105.FP.FTS.B
,
22
.49
%
,
7/11/25
2,164
2,162
APP-15043725.FP.FTS.B
,
12
.74
%
,
7/15/25
4,898
4,933
APP-14887227.FP.FTS.B
,
17
.49
%
,
7/15/25
4,418
4,460
APP-14890683.FP.FTS.B
,
17
.49
%
,
7/15/25
1,640
1,648
APP-14134773.FP.FTS.B
,
21
.99
%
,
7/15/25
4,034
4,087
APP-14748673.FP.FTS.B
,
10
.74
%
,
7/17/25
5,166
5,208
APP-14866669.FP.FTS.B
,
17
.49
%
,
7/17/25
5,124
5,180
APP-16047052.FP.FTS.B
,
20
.74
%
,
7/17/25
16,263
16,436
APP-14854614.FP.FTS.B
,
14
.99
%
,
7/21/25
6,106
6,167
APP-14909153.FP.FTS.B
,
16
.74
%
,
7/21/25
11,814
11,961
APP-14920948.FP.FTS.B
,
10
.49
%
,
7/22/25
4,743
4,769
APP-15015830.FP.FTS.B
,
25
.49
%
,
7/22/25
3,999
4,065
APP-15036503.FP.FTS.B
,
25
.49
%
,
7/22/25
5,678
5,773
APP-15038725.FP.FTS.B
,
23
.49
%
,
7/24/25
4,328
4,403
APP-17010427.FP.FTS.B
,
8
.74
%
,
7/25/25
.
5,669
5,720
APP-11741918.FP.FTS.B
,
16
.49
%
,
7/25/25
2,280
2,295
APP-14192654.FP.FTS.B
,
19
.49
%
,
7/25/25
2,568
2,579
APP-14867189.FP.FTS.B
,
17
.49
%
,
7/26/25
5,778
5,854
APP-15050243.FP.FTS.B
,
18
.99
%
,
7/26/25
3,791
3,842
APP-17491589.FP.FTS.B
,
11
.49
%
,
8/03/25
9,459
9,498
APP-15593139.FP.FTS.B
,
25
.49
%
,
8/04/25
6,367
6,386
APP-16899367.FP.FTS.B
,
25
.49
%
,
8/04/25
4,031
4,102
APP-15739609.FP.FTS.B
,
8
.74
%
,
8/07/25
.
10,709
10,777
APP-17496469.FP.FTS.B
,
14
.99
%
,
8/10/25
6,378
6,419
APP-15025145.FP.FTS.B
,
25
.49
%
,
8/12/25
5,457
1,313
APP-15537240.FP.FTS.B
,
25
.49
%
,
8/12/25
5,488
5,542
APP-15235015.FP.FTS.B
,
8
.74
%
,
8/15/25
.
3,097
3,102
APP-13337231.FP.FTS.B
,
8
.99
%
,
8/15/25
.
6,302
6,351
APP-10173660.FP.FTS.B
,
14
.49
%
,
8/19/25
17,531
17,780
APP-15744848.FP.FTS.B
,
25
.49
%
,
8/20/25
6,436
2,447
APP-15705051.FP.FTS.B
,
11
.74
%
,
8/21/25
16,629
16,774
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-14371156.FP.FTS.B
,
20
.49
%
,
8/22/25
$
3,323
$
3,371
APP-15524582.FP.FTS.B
,
10
.49
%
,
8/25/25
5,593
5,646
APP-16069326.FP.FTS.B
,
25
.49
%
,
8/27/25
603
603
APP-16077556.FP.FTS.B
,
14
.99
%
,
8/28/25
15,986
16,171
APP-15532550.FP.FTS.B
,
5
.99
%
,
8/30/25
.
1,249
1,254
APP-15032228.FP.FTS.B
,
23
.49
%
,
9/12/25
4,782
4,796
APP-15033224.FP.FTS.B
,
25
.49
%
,
9/12/25
3,779
3,246
APP-16638019.FP.FTS.B
,
15
.24
%
,
9/13/25
5,767
5,811
APP-16609197.FP.FTS.B
,
12
.99
%
,
9/15/25
5,349
5,379
APP-17493794.FP.FTS.B
,
19
.99
%
,
9/15/25
5,151
1,875
APP-16928712.FP.FTS.B
,
17
.99
%
,
9/17/25
6,563
6,634
APP-16931630.FP.FTS.B
,
17
.99
%
,
9/17/25
8,504
8,589
APP-17510658.FP.FTS.B
,
16
.24
%
,
9/18/25
5,822
5,860
APP-17058236.FP.FTS.B
,
9
.74
%
,
9/19/25
.
6,379
6,434
APP-13608599.FP.FTS.B
,
11
.49
%
,
9/23/25
13,424
13,555
APP-15010755.FP.FTS.B
,
25
.49
%
,
9/23/25
11,098
11,220
APP-16554677.FP.FTS.B
,
13
.24
%
,
9/25/25
16,486
16,651
APP-16062858.FP.FTS.B
,
23
.99
%
,
10/14/25
1,420
1,430
APP-10846360.FP.FTS.B
,
11
.49
%
,
11/30/25
12,192
12,376
APP-11672772.FP.FTS.B
,
13
.99
%
,
12/01/25
12,215
12,382
APP-16065337.FP.FTS.B
,
23
.49
%
,
12/14/25
2,455
2,449
APP-11733135.FP.FTS.B
,
20
.99
%
,
12/22/25
4,512
4,703
APP-11461331.FP.FTS.B
,
8
.99
%
,
12/25/25
12,200
12,362
APP-14959860.FP.FTS.B
,
19
.74
%
,
1/03/26
9,879
9,842
APP-10224409.FP.FTS.B
,
10
.24
%
,
1/04/26
5,765
5,835
APP-11461158.FP.FTS.B
,
7
.99
%
,
1/26/26
.
19,761
2,441
APP-11727451.FP.FTS.B
,
19
.49
%
,
2/01/26
3,797
3,905
APP-11740312.FP.FTS.B
,
20
.49
%
,
2/03/26
9,272
9,666
APP-12270370.FP.FTS.B
,
8
.99
%
,
2/04/26
.
21,890
22,169
APP-11750555.FP.FTS.B
,
19
.49
%
,
2/06/26
5,320
5,549
APP-11872702.FP.FTS.B
,
7
.99
%
,
2/20/26
.
9,519
9,653
APP-12409087.FP.FTS.B
,
7
.99
%
,
3/08/26
.
10,855
11,001
APP-12287223.FP.FTS.B
,
19
.99
%
,
3/08/26
8,310
8,662
APP-12410099.FP.FTS.B
,
10
.24
%
,
3/15/26
7,387
7,492
APP-12417109.FP.FTS.B
,
15
.49
%
,
3/21/26
4,571
4,657
APP-13754165.FP.FTS.B
,
8
.34
%
,
5/16/26
.
16,409
16,633
APP-12270410.FP.FTS.B
,
8
.34
%
,
5/20/26
.
12,754
12,966
APP-12032996.FP.FTS.B
,
12
.34
%
,
5/22/26
6,048
6,152
APP-13485505.FP.FTS.B
,
15
.74
%
,
5/22/26
16,158
16,636
APP-14153218.FP.FTS.B
,
17
.99
%
,
6/01/26
15,970
16,342
APP-13826786.FP.FTS.B
,
16
.49
%
,
6/03/26
2,697
2,708
APP-13823472.FP.FTS.B
,
17
.24
%
,
6/03/26
21,009
21,573
APP-14175261.FP.FTS.B
,
20
.49
%
,
6/05/26
17,615
18,349
APP-14058279.FP.FTS.B
,
21
.74
%
,
6/10/26
11,578
12,058
APP-14297747.FP.FTS.B
,
22
.99
%
,
6/12/26
6,523
642
APP-14338698.FP.FTS.B
,
14
.74
%
,
6/13/26
25,235
13,986
APP-14057255.FP.FTS.B
,
12
.34
%
,
6/15/26
7,263
7,382
APP-14174847.FP.FTS.B
,
16
.49
%
,
6/15/26
4,866
4,885
APP-14057971.FP.FTS.B
,
17
.99
%
,
6/15/26
8,315
8,628
APP-14185776.FP.FTS.B
,
18
.49
%
,
6/16/26
7,193
7,413
APP-14181485.FP.FTS.B
,
11
.34
%
,
6/17/26
25,965
26,372
APP-14057334.FP.FTS.B
,
17
.49
%
,
6/18/26
12,689
13,087
APP-14192027.FP.FTS.B
,
9
.84
%
,
6/19/26
.
15,496
15,744
APP-07740556.FP.FTS.B
,
12
.59
%
,
6/19/26
13,098
13,329
APP-13767318.FP.FTS.B
,
13
.34
%
,
6/19/26
22,496
22,892
APP-13963648.FP.FTS.B
,
17
.24
%
,
6/19/26
17,888
18,456
APP-14193365.FP.FTS.B
,
21
.49
%
,
6/20/26
10,396
10,870
APP-11934555.FP.FTS.B
,
19
.49
%
,
6/22/26
9,902
2,066
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)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-15602395.FP.FTS.B
,
17
.24
%
,
6/24/26
$
12,480
$
12,868
APP-14329001.FP.FTS.B
,
23
.49
%
,
6/24/26
4,402
4,599
APP-14280430.FP.FTS.B
,
20
.49
%
,
6/25/26
10,026
10,474
APP-14214629.FP.FTS.B
,
10
.34
%
,
6/26/26
14,588
14,825
APP-15479960.FP.FTS.B
,
24
.74
%
,
6/29/26
6,227
6,501
APP-14548332.FP.FTS.B
,
16
.49
%
,
7/05/26
14,550
14,940
APP-15676938.FP.FTS.B
,
14
.49
%
,
7/06/26
5,715
5,793
APP-14801281.FP.FTS.B
,
14
.99
%
,
7/08/26
8,706
8,856
APP-14689091.FP.FTS.B
,
17
.49
%
,
7/09/26
1,555
1,554
APP-16070360.FP.FTS.B
,
20
.74
%
,
7/10/26
25,283
25,956
APP-15869429.FP.FTS.B
,
21
.99
%
,
7/10/26
5,440
5,632
APP-15054747.FP.FTS.B
,
21
.49
%
,
7/12/26
15,378
15,999
APP-16085008.FP.FTS.B
,
18
.49
%
,
7/14/26
11,237
11,500
APP-14058114.FP.FTS.B
,
16
.99
%
,
7/15/26
10,944
11,144
APP-14920803.FP.FTS.B
,
16
.99
%
,
7/15/26
8,869
9,034
APP-14921360.FP.FTS.B
,
16
.99
%
,
7/15/26
8,178
8,331
APP-14865932.FP.FTS.B
,
17
.49
%
,
7/15/26
15,406
15,896
APP-14882473.FP.FTS.B
,
12
.99
%
,
7/17/26
22,523
22,872
APP-14688569.FP.FTS.B
,
17
.74
%
,
7/17/26
20,525
21,127
APP-14816252.FP.FTS.B
,
10
.74
%
,
7/18/26
11,332
11,510
APP-14688717.FP.FTS.B
,
10
.99
%
,
7/18/26
6,842
6,950
APP-14870900.FP.FTS.B
,
17
.49
%
,
7/19/26
11,324
11,553
APP-14905708.FP.FTS.B
,
16
.99
%
,
7/20/26
7,147
7,294
APP-14820629.FP.FTS.B
,
17
.24
%
,
7/20/26
22,927
23,825
APP-14902088.FP.FTS.B
,
11
.24
%
,
7/22/26
8,484
8,626
APP-14865904.FP.FTS.B
,
15
.74
%
,
7/23/26
22,428
22,901
APP-14980679.FP.FTS.B
,
17
.99
%
,
7/23/26
2,980
2,174
APP-14964964.FP.FTS.B
,
18
.99
%
,
7/23/26
15,018
15,680
APP-13767438.FP.FTS.B
,
10
.74
%
,
7/25/26
18,616
18,927
APP-15048537.FP.FTS.B
,
20
.99
%
,
7/25/26
14,828
15,479
APP-16811535.FP.FTS.B
,
21
.74
%
,
8/03/26
25,022
25,787
APP-17117415.FP.FTS.B
,
11
.24
%
,
8/06/26
16,881
17,108
APP-15589148.FP.FTS.B
,
14
.49
%
,
8/08/26
6,113
6,205
APP-14522661.FP.FTS.B
,
15
.99
%
,
8/10/26
15,529
15,782
APP-10219598.FP.FTS.B
,
15
.49
%
,
8/11/26
8,472
4,888
APP-16036383.FP.FTS.B
,
20
.24
%
,
8/13/26
7,188
7,391
APP-15327014.FP.FTS.B
,
9
.24
%
,
8/14/26
.
18,784
19,090
APP-15585646.FP.FTS.B
,
9
.49
%
,
8/14/26
.
7,596
7,713
APP-15594751.FP.FTS.B
,
10
.74
%
,
8/14/26
17,642
17,920
APP-15585110.FP.FTS.B
,
11
.49
%
,
8/14/26
9,827
9,973
APP-15449600.FP.FTS.B
,
20
.74
%
,
8/15/26
15,041
15,506
APP-15763520.FP.FTS.B
,
20
.74
%
,
8/15/26
13,045
13,356
APP-16072518.FP.FTS.B
,
12
.49
%
,
8/16/26
28,155
28,564
APP-11443413.FP.FTS.B
,
10
.59
%
,
8/17/26
20,798
21,127
APP-14176550.FP.FTS.B
,
10
.34
%
,
8/18/26
17,093
17,363
APP-13768424.FP.FTS.B
,
17
.49
%
,
8/19/26
15,648
16,092
APP-10235724.FP.FTS.B
,
15
.49
%
,
8/20/26
8,486
8,528
APP-15493477.FP.FTS.B
,
16
.74
%
,
8/20/26
11,200
11,428
APP-15602180.FP.FTS.B
,
18
.74
%
,
8/20/26
9,128
9,319
APP-15747887.FP.FTS.B
,
18
.74
%
,
8/20/26
2,259
2,268
APP-15743821.FP.FTS.B
,
26
.49
%
,
8/20/26
7,093
7,407
APP-15757972.FP.FTS.B
,
18
.24
%
,
8/21/26
9,314
9,511
APP-15750146.FP.FTS.B
,
19
.24
%
,
8/21/26
7,268
7,474
APP-15467456.FP.FTS.B
,
26
.49
%
,
8/21/26
6,825
7,117
APP-12414817.FP.FTS.B
,
15
.24
%
,
8/26/26
11,317
11,508
APP-12674952.FP.FTS.B
,
15
.24
%
,
8/26/26
9,470
9,581
APP-16078255.FP.FTS.B
,
19
.24
%
,
8/26/26
16,026
16,495
APP-15951898.FP.FTS.B
,
16
.49
%
,
8/28/26
18,676
18,987
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-16947974.FP.FTS.B
,
13
.24
%
,
9/06/26
$
10,525
$
10,763
APP-17143594.FP.FTS.B
,
9
.99
%
,
9/07/26
.
8,994
9,125
APP-17156366.FP.FTS.B
,
11
.24
%
,
9/07/26
12,620
12,763
APP-16728029.FP.FTS.B
,
26
.49
%
,
9/09/26
5,233
5,406
APP-17115080.FP.FTS.B
,
15
.24
%
,
9/13/26
6,670
6,760
APP-16050065.FP.FTS.B
,
23
.99
%
,
9/14/26
5,438
5,612
APP-15872822.FP.FTS.B
,
19
.24
%
,
9/15/26
9,177
853
APP-16681815.FP.FTS.B
,
8
.24
%
,
9/16/26
.
14,836
15,055
APP-16640720.FP.FTS.B
,
9
.99
%
,
9/18/26
.
28,680
29,119
APP-16637870.FP.FTS.B
,
12
.49
%
,
9/18/26
9,422
9,579
APP-17100593.FP.FTS.B
,
9
.49
%
,
9/20/26
.
11,373
11,550
APP-17124398.FP.FTS.B
,
9
.74
%
,
9/20/26
.
28,630
29,104
APP-17439783.FP.FTS.B
,
10
.74
%
,
9/25/26
3,461
3,517
APP-17331723.FP.FTS.B
,
16
.99
%
,
9/25/26
13,830
14,085
APP-14329008.FP.FTS.B
,
19
.49
%
,
10/17/26
17,200
17,617
APP-11742538.FP.FTS.B
,
16
.49
%
,
12/15/26
15,085
15,389
APP-11603796.FP.FTS.B
,
20
.99
%
,
12/15/26
9,126
9,617
APP-11741994.FP.FTS.B
,
18
.99
%
,
12/16/26
10,091
10,454
APP-11695022.FP.FTS.B
,
16
.49
%
,
12/17/26
13,650
13,934
APP-11737893.FP.FTS.B
,
25
.49
%
,
12/18/26
6,839
7,170
APP-11743333.FP.FTS.B
,
16
.49
%
,
12/19/26
8,766
8,957
APP-11694428.FP.FTS.B
,
14
.49
%
,
12/22/26
2,519
2,537
APP-11739845.FP.FTS.B
,
19
.99
%
,
12/22/26
8,119
8,520
APP-11751120.FP.FTS.B
,
8
.99
%
,
12/23/26
21,422
21,805
APP-11694004.FP.FTS.B
,
11
.74
%
,
12/23/26
27,499
27,986
APP-11708423.FP.FTS.B
,
20
.99
%
,
12/23/26
22,005
22,914
APP-11743539.FP.FTS.B
,
21
.74
%
,
12/23/26
14,566
15,263
APP-11752109.FP.FTS.B
,
22
.49
%
,
12/23/26
7,788
1,179
APP-10229823.FP.FTS.B
,
25
.49
%
,
12/26/26
6,456
6,774
APP-11890774.FP.FTS.B
,
8
.99
%
,
1/06/27
.
22,173
22,520
APP-11920032.FP.FTS.B
,
19
.99
%
,
1/07/27
16,158
9,764
APP-11939491.FP.FTS.B
,
15
.49
%
,
1/08/27
9,198
9,475
APP-11795112.FP.FTS.B
,
19
.99
%
,
1/08/27
3,366
3,373
APP-11929275.FP.FTS.B
,
19
.99
%
,
1/08/27
3,054
3,075
APP-11749683.FP.FTS.B
,
16
.74
%
,
1/25/27
15,493
15,970
APP-11704729.FP.FTS.B
,
16
.99
%
,
1/25/27
12,775
1,373
APP-12268807.FP.FTS.B
,
10
.99
%
,
2/01/27
15,539
15,766
APP-11022562.FP.FTS.B
,
11
.74
%
,
2/01/27
4,760
4,810
APP-12396734.FP.FTS.B
,
11
.74
%
,
2/03/27
29,332
29,772
APP-11712261.FP.FTS.B
,
18
.49
%
,
2/03/27
9,293
9,578
APP-11745377.FP.FTS.B
,
21
.49
%
,
2/04/27
10,124
10,529
APP-12293217.FP.FTS.B
,
17
.49
%
,
2/05/27
15,514
15,948
APP-11742593.FP.FTS.B
,
17
.99
%
,
2/05/27
6,210
6,410
APP-11703116.FP.FTS.B
,
19
.49
%
,
2/05/27
7,550
7,814
APP-11922307.FP.FTS.B
,
20
.49
%
,
2/15/27
7,278
7,607
APP-11919163.FP.FTS.B
,
10
.99
%
,
2/17/27
15,820
16,096
APP-11904406.FP.FTS.B
,
11
.24
%
,
2/19/27
10,942
11,139
APP-11942494.FP.FTS.B
,
18
.99
%
,
2/19/27
11,793
12,215
APP-11940530.FP.FTS.B
,
13
.49
%
,
2/20/27
10,911
11,131
APP-11944817.FP.FTS.B
,
20
.49
%
,
2/20/27
1,818
1,818
APP-11928189.FP.FTS.B
,
18
.49
%
,
2/21/27
662
660
APP-11939575.FP.FTS.B
,
22
.49
%
,
2/21/27
5,194
5,388
APP-11927887.FP.FTS.B
,
9
.24
%
,
2/22/27
.
6,538
6,649
APP-11861145.FP.FTS.B
,
13
.24
%
,
2/22/27
12,147
12,367
APP-11941579.FP.FTS.B
,
16
.49
%
,
2/22/27
12,038
12,277
APP-11612708.FP.FTS.B
,
22
.99
%
,
3/04/27
10,929
11,382
APP-12361627.FP.FTS.B
,
8
.99
%
,
3/07/27
.
14,285
14,515
APP-12389833.FP.FTS.B
,
16
.49
%
,
3/07/27
7,395
7,629
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)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-12410874.FP.FTS.B
,
10
.99
%
,
3/08/27
$
14,606
$
14,844
APP-12418857.FP.FTS.B
,
11
.24
%
,
3/08/27
8,201
8,334
APP-12405015.FP.FTS.B
,
13
.24
%
,
3/08/27
13,738
1,377
APP-12415944.FP.FTS.B
,
13
.24
%
,
3/08/27
15,353
15,677
APP-12032886.FP.FTS.B
,
16
.99
%
,
3/16/27
6,668
6,876
APP-12384050.FP.FTS.B
,
13
.74
%
,
3/17/27
16,514
16,840
APP-12408565.FP.FTS.B
,
17
.99
%
,
3/19/27
14,670
15,232
APP-12270281.FP.FTS.B
,
10
.99
%
,
3/20/27
11,962
12,185
APP-12402081.FP.FTS.B
,
18
.49
%
,
3/21/27
18,283
19,083
APP-11940575.FP.FTS.B
,
25
.49
%
,
3/21/27
5,889
6,180
APP-12412441.FP.FTS.B
,
11
.24
%
,
3/22/27
23,654
24,144
APP-11877626.FP.FTS.B
,
13
.59
%
,
4/14/27
25,269
25,738
APP-13682302.FP.FTS.B
,
18
.49
%
,
4/15/27
6,763
6,984
APP-13744711.FP.FTS.B
,
26
.49
%
,
4/15/27
5,896
6,098
APP-12119826.FP.FTS.B
,
12
.09
%
,
4/16/27
30,956
31,440
APP-13767273.FP.FTS.B
,
11
.59
%
,
4/18/27
10,235
10,412
APP-12397582.FP.FTS.B
,
19
.99
%
,
4/18/27
18,950
1,936
APP-13929153.FP.FTS.B
,
9
.59
%
,
4/20/27
.
8,286
8,428
APP-11872292.FP.FTS.B
,
19
.99
%
,
4/22/27
9,616
9,980
APP-14057284.FP.FTS.B
,
13
.59
%
,
4/23/27
24,668
25,101
APP-13920277.FP.FTS.B
,
17
.99
%
,
4/24/27
14,263
1,528
APP-14099769.FP.FTS.B
,
20
.49
%
,
4/30/27
13,326
13,955
APP-14199304.FP.FTS.B
,
13
.59
%
,
5/01/27
22,599
22,960
APP-14146465.FP.FTS.B
,
17
.99
%
,
5/01/27
1,036
636
APP-14187476.FP.FTS.B
,
17
.99
%
,
5/01/27
17,878
18,315
APP-14087177.FP.FTS.B
,
18
.99
%
,
5/02/27
11,509
6,918
APP-14289803.FP.FTS.B
,
22
.49
%
,
5/02/27
6,537
6,712
APP-14041540.FP.FTS.B
,
11
.59
%
,
5/03/27
13,384
13,609
APP-14129708.FP.FTS.B
,
11
.34
%
,
5/05/27
21,478
21,834
APP-14263477.FP.FTS.B
,
21
.99
%
,
5/10/27
6,188
6,212
APP-13720484.FP.FTS.B
,
11
.34
%
,
5/15/27
24,760
25,172
APP-14330285.FP.FTS.B
,
11
.74
%
,
5/15/27
17,732
5,093
APP-13483981.FP.FTS.B
,
16
.99
%
,
5/15/27
8,299
8,565
APP-13485148.FP.FTS.B
,
18
.49
%
,
5/15/27
19,731
20,465
APP-13725984.FP.FTS.B
,
13
.59
%
,
5/17/27
19,330
19,690
APP-13302047.FP.FTS.B
,
13
.74
%
,
5/17/27
6,783
6,900
APP-13417402.FP.FTS.B
,
17
.99
%
,
5/18/27
9,853
10,251
APP-12287013.FP.FTS.B
,
18
.24
%
,
5/18/27
17,332
17,815
APP-13849753.FP.FTS.B
,
9
.34
%
,
5/20/27
.
19,936
20,277
APP-13800465.FP.FTS.B
,
18
.49
%
,
5/20/27
7,925
8,240
APP-13529032.FP.FTS.B
,
18
.74
%
,
5/20/27
23,539
24,364
APP-13705972.FP.FTS.B
,
26
.49
%
,
5/20/27
7,332
7,600
APP-13542298.FP.FTS.B
,
11
.34
%
,
5/21/27
16,008
16,328
APP-13811007.FP.FTS.B
,
11
.34
%
,
5/21/27
16,298
16,583
APP-13848454.FP.FTS.B
,
16
.09
%
,
5/21/27
7,402
7,542
APP-13767415.FP.FTS.B
,
19
.49
%
,
5/21/27
12,775
13,197
APP-13826410.FP.FTS.B
,
20
.49
%
,
5/21/27
13,587
14,144
APP-13838022.FP.FTS.B
,
22
.49
%
,
5/21/27
5,468
5,664
APP-13840262.FP.FTS.B
,
23
.49
%
,
5/21/27
8,834
9,196
APP-11743712.FP.FTS.B
,
21
.49
%
,
5/22/27
10,551
10,990
APP-13921670.FP.FTS.B
,
18
.49
%
,
5/24/27
601
601
APP-13628676.FP.FTS.B
,
16
.99
%
,
5/27/27
8,242
8,450
APP-13485109.FP.FTS.B
,
20
.49
%
,
5/27/27
8,205
8,577
APP-13724215.FP.FTS.B
,
10
.09
%
,
5/28/27
29,415
29,995
APP-13751462.FP.FTS.B
,
11
.59
%
,
5/28/27
23,690
24,202
APP-13899643.FP.FTS.B
,
12
.09
%
,
5/28/27
31,786
32,319
APP-13574037.FP.FTS.B
,
15
.24
%
,
5/28/27
30,321
31,046
APP-13628755.FP.FTS.B
,
19
.49
%
,
5/28/27
7,138
7,394
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-13521024.FP.FTS.B
,
20
.99
%
,
5/28/27
$
11,008
$
11,515
APP-13696300.FP.FTS.B
,
13
.84
%
,
5/29/27
9,613
9,829
APP-13932583.FP.FTS.B
,
15
.49
%
,
5/30/27
1,983
1,989
APP-13836108.FP.FTS.B
,
13
.59
%
,
5/31/27
25,487
26,079
APP-13852222.FP.FTS.B
,
26
.49
%
,
5/31/27
6,019
6,221
APP-14965459.FP.FTS.B
,
17
.24
%
,
6/01/27
20,353
20,679
APP-15037607.FP.FTS.B
,
20
.99
%
,
6/01/27
7,855
8,022
APP-13623936.FP.FTS.B
,
9
.34
%
,
6/03/27
.
25,092
25,510
APP-13816811.FP.FTS.B
,
18
.99
%
,
6/03/27
13,777
14,152
APP-14795053.FP.FTS.B
,
26
.99
%
,
6/03/27
7,033
667
APP-13628843.FP.FTS.B
,
16
.99
%
,
6/04/27
8,510
8,658
APP-14688354.FP.FTS.B
,
17
.49
%
,
6/04/27
17,566
17,873
APP-14190918.FP.FTS.B
,
9
.59
%
,
6/06/27
.
3,643
3,658
APP-14191584.FP.FTS.B
,
11
.34
%
,
6/06/27
23,794
24,209
APP-14200239.FP.FTS.B
,
11
.34
%
,
6/06/27
25,055
25,460
APP-14177752.FP.FTS.B
,
11
.59
%
,
6/06/27
16,488
16,763
APP-14165096.FP.FTS.B
,
14
.74
%
,
6/06/27
19,801
20,195
APP-14192451.FP.FTS.B
,
17
.99
%
,
6/06/27
19,859
20,343
APP-14083608.FP.FTS.B
,
20
.49
%
,
6/06/27
7,051
7,136
APP-13961157.FP.FTS.B
,
12
.09
%
,
6/07/27
31,436
31,926
APP-14225512.FP.FTS.B
,
20
.49
%
,
6/07/27
6,859
7,047
APP-14212766.FP.FTS.B
,
26
.49
%
,
6/07/27
1,920
1,905
APP-13914635.FP.FTS.B
,
20
.99
%
,
6/10/27
13,903
14,378
APP-14179267.FP.FTS.B
,
17
.24
%
,
6/11/27
32,474
33,078
APP-14324970.FP.FTS.B
,
24
.74
%
,
6/12/27
10,064
10,485
APP-14189919.FP.FTS.B
,
20
.49
%
,
6/13/27
10,956
11,342
APP-14176860.FP.FTS.B
,
20
.24
%
,
6/15/27
20,797
21,491
APP-14227617.FP.FTS.B
,
20
.99
%
,
6/15/27
6,924
7,170
APP-14219059.FP.FTS.B
,
11
.34
%
,
6/16/27
12,312
12,523
APP-15597460.FP.FTS.B
,
16
.49
%
,
6/16/27
21,212
21,576
APP-14301553.FP.FTS.B
,
22
.49
%
,
6/16/27
12,568
13,028
APP-14046117.FP.FTS.B
,
9
.59
%
,
6/17/27
.
10,251
10,436
APP-14151947.FP.FTS.B
,
10
.84
%
,
6/17/27
20,028
5,766
APP-14138938.FP.FTS.B
,
11
.59
%
,
6/17/27
10,724
10,920
APP-14104736.FP.FTS.B
,
15
.49
%
,
6/17/27
1,098
1,097
APP-14188906.FP.FTS.B
,
16
.99
%
,
6/17/27
13,497
13,800
APP-14200894.FP.FTS.B
,
23
.49
%
,
6/17/27
9,649
10,043
APP-14243912.FP.FTS.B
,
26
.49
%
,
6/17/27
6,168
6,405
APP-14301044.FP.FTS.B
,
26
.49
%
,
6/17/27
7,220
678
APP-14057201.FP.FTS.B
,
15
.99
%
,
6/18/27
8,068
8,314
APP-14108165.FP.FTS.B
,
20
.49
%
,
6/18/27
12,700
13,122
APP-14066107.FP.FTS.B
,
9
.34
%
,
6/19/27
.
25,093
25,556
APP-14157257.FP.FTS.B
,
11
.34
%
,
6/19/27
14,190
1,670
APP-13484916.FP.FTS.B
,
14
.99
%
,
6/19/27
14,063
14,373
APP-14165192.FP.FTS.B
,
17
.99
%
,
6/19/27
12,590
12,967
APP-14159215.FP.FTS.B
,
18
.49
%
,
6/19/27
8,641
1,071
APP-14195378.FP.FTS.B
,
19
.49
%
,
6/19/27
18,853
19,465
APP-14025039.FP.FTS.B
,
20
.49
%
,
6/19/27
8,919
9,289
APP-14034800.FP.FTS.B
,
22
.24
%
,
6/19/27
6,525
1,050
APP-14194801.FP.FTS.B
,
11
.34
%
,
6/20/27
12,811
13,057
APP-14202174.FP.FTS.B
,
11
.59
%
,
6/20/27
8,349
8,509
APP-14202404.FP.FTS.B
,
12
.09
%
,
6/20/27
32,270
32,896
APP-14077334.FP.FTS.B
,
13
.59
%
,
6/20/27
17,576
17,889
APP-14188625.FP.FTS.B
,
13
.59
%
,
6/20/27
13,072
13,332
APP-14057492.FP.FTS.B
,
16
.99
%
,
6/20/27
10,378
3,002
APP-14194952.FP.FTS.B
,
17
.99
%
,
6/20/27
13,645
14,077
APP-14198467.FP.FTS.B
,
18
.99
%
,
6/20/27
20,458
2,456
APP-14221223.FP.FTS.B
,
19
.24
%
,
6/20/27
12,963
13,029
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)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-14172834.FP.FTS.B
,
20
.99
%
,
6/20/27
$
8,388
$
2,819
APP-14159440.FP.FTS.B
,
21
.99
%
,
6/20/27
11,767
2,653
APP-14199815.FP.FTS.B
,
22
.49
%
,
6/20/27
7,946
8,213
APP-08640096.FP.FTS.B
,
11
.34
%
,
6/21/27
17,876
18,207
APP-14278564.FP.FTS.B
,
20
.49
%
,
6/24/27
4,125
4,170
APP-14292674.FP.FTS.B
,
21
.99
%
,
6/25/27
12,169
12,722
APP-14215379.FP.FTS.B
,
17
.49
%
,
6/26/27
12,155
12,455
APP-14178588.FP.FTS.B
,
22
.99
%
,
6/26/27
270
269
APP-13787332.FP.FTS.B
,
11
.34
%
,
6/27/27
16,335
16,661
APP-14341730.FP.FTS.B
,
20
.99
%
,
6/27/27
10,181
10,623
APP-13695730.FP.FTS.B
,
26
.49
%
,
6/28/27
5,424
5,677
APP-15748724.FP.FTS.B
,
12
.49
%
,
7/01/27
16,086
16,333
APP-15753390.FP.FTS.B
,
26
.99
%
,
7/01/27
7,583
7,849
APP-15425472.FP.FTS.B
,
18
.99
%
,
7/02/27
23,145
7,094
APP-15718781.FP.FTS.B
,
26
.74
%
,
7/03/27
1,048
1,032
APP-15653357.FP.FTS.B
,
21
.24
%
,
7/04/27
5,740
5,870
APP-14163190.FP.FTS.B
,
18
.74
%
,
7/05/27
26,799
2,938
APP-14883847.FP.FTS.B
,
17
.24
%
,
7/06/27
5,123
5,209
APP-14197811.FP.FTS.B
,
20
.49
%
,
7/06/27
14,436
2,968
APP-15556990.FP.FTS.B
,
21
.24
%
,
7/06/27
7,192
7,363
APP-14902078.FP.FTS.B
,
11
.74
%
,
7/07/27
16,282
16,544
APP-14904704.FP.FTS.B
,
13
.99
%
,
7/07/27
25,296
25,707
APP-15744265.FP.FTS.B
,
14
.49
%
,
7/07/27
4,856
4,866
APP-14143499.FP.FTS.B
,
17
.24
%
,
7/07/27
23,177
23,748
APP-14923950.FP.FTS.B
,
13
.74
%
,
7/08/27
8,608
8,758
APP-14917832.FP.FTS.B
,
16
.49
%
,
7/08/27
2,208
2,199
APP-14840263.FP.FTS.B
,
17
.49
%
,
7/08/27
18,488
18,847
APP-14994439.FP.FTS.B
,
19
.99
%
,
7/10/27
12,747
13,152
APP-15045243.FP.FTS.B
,
21
.49
%
,
7/10/27
13,758
14,149
APP-15007157.FP.FTS.B
,
20
.99
%
,
7/11/27
8,427
8,704
APP-14868239.FP.FTS.B
,
11
.99
%
,
7/12/27
7,925
8,058
APP-14709072.FP.FTS.B
,
17
.49
%
,
7/12/27
14,288
14,617
APP-15042638.FP.FTS.B
,
26
.99
%
,
7/12/27
7,337
7,590
APP-14930206.FP.FTS.B
,
14
.49
%
,
7/14/27
7,639
7,774
APP-14689546.FP.FTS.B
,
11
.74
%
,
7/15/27
18,181
18,484
APP-14818480.FP.FTS.B
,
11
.74
%
,
7/15/27
26,246
26,707
APP-14821859.FP.FTS.B
,
11
.74
%
,
7/15/27
13,078
13,295
APP-14914496.FP.FTS.B
,
11
.74
%
,
7/15/27
26,246
26,707
APP-13767685.FP.FTS.B
,
11
.99
%
,
7/15/27
3,708
3,717
APP-15137192.FP.FTS.B
,
11
.99
%
,
7/15/27
11,516
11,706
APP-15039028.FP.FTS.B
,
22
.99
%
,
7/16/27
5,740
5,906
APP-14843307.FP.FTS.B
,
11
.99
%
,
7/17/27
9,878
10,057
APP-14866235.FP.FTS.B
,
12
.74
%
,
7/17/27
32,670
33,256
APP-14906097.FP.FTS.B
,
16
.74
%
,
7/18/27
32,607
33,513
APP-14882502.FP.FTS.B
,
11
.74
%
,
7/19/27
15,787
16,081
APP-14811744.FP.FTS.B
,
13
.99
%
,
7/19/27
23,513
23,987
APP-14688586.FP.FTS.B
,
17
.49
%
,
7/19/27
18,649
19,068
APP-14191093.FP.FTS.B
,
18
.99
%
,
7/19/27
14,351
14,778
APP-14174912.FP.FTS.B
,
22
.99
%
,
7/19/27
22,647
23,620
APP-14160424.FP.FTS.B
,
23
.99
%
,
7/19/27
12,466
13,025
APP-14057681.FP.FTS.B
,
11
.99
%
,
7/20/27
8,239
2,374
APP-13547748.FP.FTS.B
,
12
.09
%
,
7/20/27
33,983
34,638
APP-14766983.FP.FTS.B
,
13
.99
%
,
7/20/27
26,891
27,442
APP-14911982.FP.FTS.B
,
15
.99
%
,
7/20/27
1,586
1,588
APP-14902830.FP.FTS.B
,
16
.24
%
,
7/20/27
27,449
28,249
APP-15056862.FP.FTS.B
,
22
.99
%
,
7/20/27
14,429
14,950
APP-14865961.FP.FTS.B
,
11
.74
%
,
7/21/27
23,578
24,030
APP-14937680.FP.FTS.B
,
11
.99
%
,
7/21/27
10,348
10,521
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-14938376.FP.FTS.B
,
11
.99
%
,
7/21/27
$
9,905
$
10,095
APP-14881643.FP.FTS.B
,
17
.49
%
,
7/21/27
15,073
15,425
APP-14877061.FP.FTS.B
,
9
.99
%
,
7/22/27
.
10,683
10,884
APP-14728435.FP.FTS.B
,
11
.99
%
,
7/22/27
8,588
8,755
APP-15030718.FP.FTS.B
,
18
.24
%
,
7/22/27
28,105
28,914
APP-14529813.FP.FTS.B
,
18
.24
%
,
7/23/27
26,572
27,401
APP-14314279.FP.FTS.B
,
23
.49
%
,
7/25/27
5,520
5,733
APP-14335800.FP.FTS.B
,
19
.99
%
,
7/27/27
10,591
10,936
APP-15053109.FP.FTS.B
,
11
.74
%
,
7/29/27
13,172
13,439
APP-16318783.FP.FTS.B
,
18
.99
%
,
7/30/27
9,681
9,860
APP-15576948.FP.FTS.B
,
12
.24
%
,
8/01/27
23,513
23,861
APP-16690743.FP.FTS.B
,
18
.49
%
,
8/01/27
5,742
5,827
APP-15361603.FP.FTS.B
,
19
.74
%
,
8/01/27
13,047
13,323
APP-15584134.FP.FTS.B
,
12
.99
%
,
8/03/27
17,803
18,088
APP-16724945.FP.FTS.B
,
13
.99
%
,
8/03/27
37,517
6,746
APP-16827842.FP.FTS.B
,
16
.24
%
,
8/03/27
16,953
17,209
APP-16934495.FP.FTS.B
,
13
.99
%
,
8/05/27
10,976
11,214
APP-17031491.FP.FTS.B
,
13
.99
%
,
8/05/27
34,954
35,499
APP-17272402.FP.FTS.B
,
21
.24
%
,
8/05/27
23,212
23,705
APP-15713621.FP.FTS.B
,
12
.49
%
,
8/06/27
11,610
11,786
APP-15751991.FP.FTS.B
,
12
.49
%
,
8/07/27
10,385
10,545
APP-14911217.FP.FTS.B
,
13
.99
%
,
8/07/27
17,088
17,370
APP-15763190.FP.FTS.B
,
22
.24
%
,
8/08/27
19,829
2,016
APP-17457181.FP.FTS.B
,
16
.24
%
,
8/12/27
7,063
7,168
APP-15231441.FP.FTS.B
,
16
.99
%
,
8/12/27
32,989
33,687
APP-15558741.FP.FTS.B
,
19
.49
%
,
8/12/27
29,023
9,051
APP-14221142.FP.FTS.B
,
24
.24
%
,
8/12/27
19,373
1,736
APP-15302717.FP.FTS.B
,
20
.24
%
,
8/13/27
16,945
1,754
APP-15437840.FP.FTS.B
,
20
.24
%
,
8/13/27
11,442
11,802
APP-16055829.FP.FTS.B
,
12
.99
%
,
8/14/27
8,108
8,258
APP-15595170.FP.FTS.B
,
15
.24
%
,
8/14/27
36,027
18,901
APP-15805332.FP.FTS.B
,
18
.74
%
,
8/14/27
19,557
3,716
APP-16079598.FP.FTS.B
,
20
.49
%
,
8/14/27
14,333
14,677
APP-15638158.FP.FTS.B
,
21
.24
%
,
8/14/27
7,089
4,021
APP-15526033.FP.FTS.B
,
21
.74
%
,
8/14/27
15,288
15,686
APP-14058523.FP.FTS.B
,
21
.99
%
,
8/14/27
24,158
24,866
APP-15802156.FP.FTS.B
,
22
.24
%
,
8/14/27
10,818
11,145
APP-15578534.FP.FTS.B
,
11
.74
%
,
8/15/27
21,397
6,119
APP-15398960.FP.FTS.B
,
12
.99
%
,
8/15/27
29,222
29,774
APP-15709743.FP.FTS.B
,
14
.49
%
,
8/15/27
27,529
28,047
APP-15299307.FP.FTS.B
,
14
.99
%
,
8/15/27
20,554
20,970
APP-11750409.FP.FTS.B
,
17
.99
%
,
8/15/27
12,788
13,185
APP-15544956.FP.FTS.B
,
18
.74
%
,
8/15/27
11,118
11,368
APP-15710954.FP.FTS.B
,
18
.99
%
,
8/15/27
24,795
2,974
APP-15574568.FP.FTS.B
,
20
.24
%
,
8/15/27
21,999
22,618
APP-15702332.FP.FTS.B
,
20
.24
%
,
8/15/27
7,214
7,365
APP-15585228.FP.FTS.B
,
22
.24
%
,
8/15/27
18,214
1,932
APP-15600789.FP.FTS.B
,
22
.24
%
,
8/15/27
5,523
5,681
APP-16074588.FP.FTS.B
,
23
.49
%
,
8/15/27
11,003
11,336
APP-15763149.FP.FTS.B
,
26
.99
%
,
8/15/27
7,893
8,160
APP-15868809.FP.FTS.B
,
12
.99
%
,
8/16/27
23,251
23,640
APP-13337190.FP.FTS.B
,
18
.99
%
,
8/16/27
10,373
10,572
APP-15602475.FP.FTS.B
,
12
.49
%
,
8/19/27
12,022
12,247
APP-15591313.FP.FTS.B
,
20
.74
%
,
8/19/27
10,015
10,288
APP-15601188.FP.FTS.B
,
21
.24
%
,
8/19/27
35,279
36,233
APP-15697643.FP.FTS.B
,
19
.24
%
,
8/20/27
14,438
14,854
APP-15811836.FP.FTS.B
,
19
.74
%
,
8/20/27
17,930
18,420
APP-15741986.FP.FTS.B
,
12
.49
%
,
8/21/27
21,319
21,752
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)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-15602128.FP.FTS.B
,
21
.74
%
,
8/21/27
$
9,853
$
10,181
APP-15663958.FP.FTS.B
,
22
.24
%
,
8/21/27
10,336
10,681
APP-15745269.FP.FTS.B
,
22
.24
%
,
8/21/27
11,442
11,853
APP-16024812.FP.FTS.B
,
12
.99
%
,
8/22/27
8,152
8,311
APP-15006613.FP.FTS.B
,
23
.49
%
,
8/25/27
3,784
3,798
APP-15635946.FP.FTS.B
,
24
.74
%
,
8/25/27
12,725
13,026
APP-14178173.FP.FTS.B
,
15
.24
%
,
8/26/27
14,937
15,256
APP-15871509.FP.FTS.B
,
20
.49
%
,
8/26/27
13,144
13,572
APP-16063371.FP.FTS.B
,
20
.99
%
,
8/26/27
18,123
18,637
APP-16071674.FP.FTS.B
,
22
.49
%
,
8/26/27
7,748
7,990
APP-15043328.FP.FTS.B
,
22
.74
%
,
8/26/27
9,801
10,198
APP-14920951.FP.FTS.B
,
23
.49
%
,
8/26/27
5,677
5,907
APP-16053754.FP.FTS.B
,
10
.99
%
,
8/27/27
21,977
22,405
APP-15234987.FP.FTS.B
,
16
.74
%
,
8/27/27
20,598
21,086
APP-14346063.FP.FTS.B
,
18
.49
%
,
8/27/27
18,599
19,114
APP-16061296.FP.FTS.B
,
23
.49
%
,
8/27/27
10,426
10,786
APP-12674078.FP.FTS.B
,
20
.24
%
,
8/28/27
22,172
22,880
APP-16019364.FP.FTS.B
,
20
.99
%
,
8/28/27
21,087
21,764
APP-15594246.FP.FTS.B
,
25
.49
%
,
8/30/27
19,909
20,766
APP-16813915.FP.FTS.B
,
19
.99
%
,
9/04/27
14,567
14,799
APP-17103722.FP.FTS.B
,
9
.74
%
,
9/06/27
.
3,361
3,412
APP-17244225.FP.FTS.B
,
9
.49
%
,
9/09/27
.
14,133
14,348
APP-17250115.FP.FTS.B
,
9
.74
%
,
9/09/27
.
5,046
5,123
APP-17398424.FP.FTS.B
,
18
.24
%
,
9/12/27
7,097
7,238
APP-17433516.FP.FTS.B
,
20
.49
%
,
9/12/27
18,188
18,595
APP-17430483.FP.FTS.B
,
12
.99
%
,
9/13/27
18,237
18,521
APP-17450366.FP.FTS.B
,
21
.24
%
,
9/13/27
8,696
8,901
APP-16817244.FP.FTS.B
,
18
.24
%
,
9/14/27
36,277
37,016
APP-16652517.FP.FTS.B
,
14
.24
%
,
9/15/27
14,023
14,269
APP-16847088.FP.FTS.B
,
18
.24
%
,
9/15/27
7,262
7,450
APP-15040717.FP.FTS.B
,
20
.99
%
,
9/15/27
7,332
1,488
APP-15593379.FP.FTS.B
,
24
.74
%
,
9/15/27
6,100
6,280
APP-15584156.FP.FTS.B
,
26
.99
%
,
9/15/27
3,268
3,264
APP-17507239.FP.FTS.B
,
16
.24
%
,
9/16/27
3,801
3,805
APP-16896117.FP.FTS.B
,
23
.99
%
,
9/16/27
2,388
2,382
APP-16906029.FP.FTS.B
,
17
.74
%
,
9/17/27
7,621
7,778
APP-16901085.FP.FTS.B
,
22
.49
%
,
9/17/27
12,969
13,333
APP-16599721.FP.FTS.B
,
13
.49
%
,
9/19/27
13,512
13,762
APP-16335329.FP.FTS.B
,
11
.24
%
,
9/20/27
12,789
13,020
APP-17455190.FP.FTS.B
,
12
.74
%
,
9/20/27
34,519
35,094
APP-17023882.FP.FTS.B
,
13
.24
%
,
9/20/27
10,583
1,940
APP-15742698.FP.FTS.B
,
20
.74
%
,
9/20/27
14,724
15,210
APP-15738048.FP.FTS.B
,
24
.99
%
,
9/20/27
13,977
14,411
APP-15718443.FP.FTS.B
,
26
.99
%
,
9/20/27
19,152
19,792
APP-17104731.FP.FTS.B
,
13
.49
%
,
9/21/27
13,282
13,543
APP-15723564.FP.FTS.B
,
26
.99
%
,
9/21/27
6,129
6,339
APP-15758289.FP.FTS.B
,
26
.99
%
,
9/21/27
8,045
8,320
APP-17193229.FP.FTS.B
,
11
.99
%
,
9/22/27
10,358
10,561
APP-17221012.FP.FTS.B
,
15
.24
%
,
9/22/27
17,966
18,302
APP-13628761.FP.FTS.B
,
20
.99
%
,
9/23/27
5,654
5,675
APP-15037668.FP.FTS.B
,
26
.99
%
,
9/23/27
8,257
8,513
APP-17458369.FP.FTS.B
,
14
.49
%
,
9/25/27
6,560
6,682
APP-17362213.FP.FTS.B
,
18
.49
%
,
9/25/27
14,539
14,928
APP-17450170.FP.FTS.B
,
20
.24
%
,
9/25/27
32,198
33,111
APP-17493809.FP.FTS.B
,
20
.49
%
,
9/25/27
13,138
13,419
APP-17329208.FP.FTS.B
,
20
.99
%
,
9/25/27
12,861
13,230
APP-17418426.FP.FTS.B
,
18
.99
%
,
9/26/27
18,083
18,579
APP-17489430.FP.FTS.B
,
8
.49
%
,
9/27/27
.
17,604
17,926
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-15069494.FP.FTS.B
,
11
.99
%
,
9/27/27
$
11,224
$
11,441
APP-17458150.FP.FTS.B
,
18
.99
%
,
9/27/27
30,923
5,991
APP-17422584.FP.FTS.B
,
18
.49
%
,
10/12/27
15,475
15,715
APP-15307313.FP.FTS.B
,
22
.24
%
,
10/12/27
12,756
12,986
APP-15589159.FP.FTS.B
,
26
.74
%
,
10/14/27
12,639
13,040
APP-15684113.FP.FTS.B
,
20
.74
%
,
10/18/27
17,643
17,921
APP-16893024.FP.FTS.B
,
19
.99
%
,
11/11/27
12,796
6,715
APP-15651111.FP.FTS.B
,
24
.99
%
,
11/18/27
19,178
19,601
APP-14122876.FP.FTS.B
,
23
.49
%
,
11/20/27
27,893
28,544
APP-15757316.FP.FTS.B
,
24
.99
%
,
11/24/27
17,319
17,644
APP-14996949.FP.FTS.B
,
11
.99
%
,
12/15/27
9,010
5,661
6,462,024
LendingClub
Corp.
155246628.LC.FTS.B
,
17
.74
%
,
8/30/24
...
160
160
158081866.LC.FTS.B
,
16
.12
%
,
9/05/24
...
1,338
1,337
158175447.LC.FTS.B
,
17
.74
%
,
9/10/24
...
1,729
1,730
157912310.LC.FTS.B
,
17
.74
%
,
9/16/24
...
951
950
159010378.LC.FTS.B
,
17
.74
%
,
9/19/24
...
4,547
427
157396742.LC.FTS.B
,
15
.24
%
,
9/23/24
...
1,825
1,825
160079994.LC.FTS.B
,
13
.08
%
,
10/17/24
..
2,064
2,052
160529999.LC.FTS.B
,
16
.95
%
,
10/22/24
..
866
865
160490410.LC.FTS.B
,
15
.24
%
,
10/25/24
..
2,798
2,805
161573592.LC.FTS.B
,
12
.4
%
,
11/07/24
...
1,794
1,782
161593900.LC.FTS.B
,
13
.08
%
,
11/12/24
..
1,202
–
161740410.LC.FTS.B
,
17
.74
%
,
11/14/24
..
1,951
1,949
158052058.LC.FTS.B
,
14
.3
%
,
11/18/24
...
1,460
1,453
162085568.LC.FTS.B
,
16
.95
%
,
11/19/24
..
1,920
1,915
162329802.LC.FTS.B
,
20
.55
%
,
11/26/24
..
1,541
1,555
162054102.LC.FTS.B
,
14
.3
%
,
11/30/24
...
2,785
2,775
158914371.LC.FTS.B
,
16
.12
%
,
11/30/24
..
4,474
4,456
162767538.LC.FTS.B
,
12
.4
%
,
12/04/24
...
1,632
1,619
162981224.LC.FTS.B
,
20
.55
%
,
12/10/24
..
1,783
1,790
163112532.LC.FTS.B
,
14
.3
%
,
12/16/24
...
1,854
1,847
163046946.LC.FTS.B
,
15
.24
%
,
12/16/24
..
2,302
2,299
163060788.LC.FTS.B
,
13
.08
%
,
12/17/24
..
2,248
2,229
163583417.LC.FTS.B
,
20
.55
%
,
12/23/24
..
435
435
164220289.LC.FTS.B
,
16
.95
%
,
1/02/25
...
2,494
2,478
164731071.LC.FTS.B
,
18
.62
%
,
1/13/25
...
1,463
1,471
165397300.LC.FTS.B
,
14
.3
%
,
1/22/25
...
1,432
1,430
165808132.LC.FTS.B
,
20
.55
%
,
1/29/25
...
1,029
1,033
165938778.LC.FTS.B
,
20
.55
%
,
2/03/25
...
2,104
2,107
165780834.LC.FTS.B
,
13
.08
%
,
2/05/25
...
2,197
2,172
166781902.LC.FTS.B
,
13
.08
%
,
2/18/25
...
2,292
2,267
166943124.LC.FTS.B
,
15
.24
%
,
2/20/25
...
1,516
1,510
165810247.LC.FTS.B
,
18
.62
%
,
2/24/25
...
2,658
2,653
166773880.LC.FTS.B
,
10
.33
%
,
2/28/25
...
2,986
2,952
167785877.LC.FTS.B
,
15
.24
%
,
3/04/25
...
5,427
5,368
168256441.LC.FTS.B
,
17
.74
%
,
3/13/25
...
5,676
5,639
167908793.LC.FTS.B
,
14
.3
%
,
3/16/25
...
2,083
2,068
168305153.LC.FTS.B
,
Zero
Cpn
,
3/20/25
.
8,538
–
162782888.LC.FTS.B
,
16
.95
%
,
5/25/25
...
7,450
7,384
159782705.LC.FTS.B
,
17
.74
%
,
1/13/26
...
14,205
–
166624371.LC.FTS.B
,
17
.74
%
,
3/04/33
...
11,105
–
140103085.LC.FTS.B
,
Zero
Cpn
,
10/05/33
1,819
–
142083793.LC.FTS.B
,
24
.37
%
,
10/18/33
..
1,046
1,050
144940694.LC.FTS.B
,
11
.8
%
,
12/13/33
...
1,627
1,616
145998409.LC.FTS.B
,
12
.98
%
,
1/14/34
...
1,486
1,474
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)
LendingClub
Corp.
(continued)
148711863.LC.FTS.B
,
16
.4
%
,
3/12/34
....
$
628
$
628
148849654.LC.FTS.B
,
17
.19
%
,
3/15/34
...
1,227
1,224
148932528.LC.FTS.B
,
17
.19
%
,
3/25/34
...
4,389
412
149957207.LC.FTS.B
,
17
.19
%
,
4/09/34
...
6,138
6,067
149399946.LC.FTS.B
,
20
%
,
4/09/34
.....
14,563
–
150241560.LC.FTS.B
,
20
%
,
4/16/34
.....
697
697
148165215.LC.FTS.B
,
15
.57
%
,
5/15/34
...
5,250
–
154841821.LC.FTS.B
,
16
.12
%
,
7/08/34
...
2,053
2,050
154797502.LC.FTS.B
,
16
.12
%
,
7/09/34
...
1,291
1,288
155027113.LC.FTS.B
,
17
.97
%
,
7/10/34
...
2,951
2,951
155360790.LC.FTS.B
,
15
.24
%
,
7/16/34
...
2,103
–
155823373.LC.FTS.B
,
15
.24
%
,
7/31/34
...
713
712
147890443.LC.FTS.B
,
11
.02
%
,
8/05/34
...
263
262
157328472.LC.FTS.B
,
14
.3
%
,
8/07/34
...
1,123
1,120
150616815.LC.FTS.B
,
17
.97
%
,
8/09/34
...
666
666
154267934.LC.FTS.B
,
14
.3
%
,
8/15/34
...
416
416
150328755.LC.FTS.B
,
13
.08
%
,
8/17/34
...
326
326
155164991.LC.FTS.B
,
15
.24
%
,
8/18/34
...
25
25
157178824.LC.FTS.B
,
16
.12
%
,
8/20/34
...
288
289
156805347.LC.FTS.B
,
17
.74
%
,
8/26/34
...
482
482
157742410.LC.FTS.B
,
6
%
,
8/27/34
......
461
458
157148290.LC.FTS.B
,
14
.3
%
,
8/29/34
...
816
819
151707588.LC.FTS.B
,
14
.74
%
,
8/29/34
...
781
784
104,603
LendingClub
Corp.
-
LCX
158294506.LC.FTS.B
,
16
.12
%
,
9/09/24
...
573
574
158749928.LC.FTS.B
,
15
.24
%
,
9/24/24
...
541
543
158302406.LC.FTS.B
,
17
.74
%
,
9/25/24
...
1,230
1,237
158297432.LC.FTS.B
,
15
.24
%
,
11/09/24
..
2,899
2,899
165130966.LC.FTS.B
,
20
.55
%
,
1/21/25
...
757
765
165148027.LC.FTS.B
,
20
.55
%
,
1/21/25
...
3,027
3,057
165276233.LC.FTS.B
,
20
.55
%
,
1/21/25
...
3,188
3,211
164300242.LC.FTS.B
,
16
.12
%
,
1/31/25
...
6,004
5,964
165905919.LC.FTS.B
,
16
.12
%
,
2/03/25
...
4,482
4,454
166100453.LC.FTS.B
,
14
.3
%
,
2/05/25
...
6,256
6,221
167192844.LC.FTS.B
,
23
.05
%
,
2/24/25
...
4,356
4,346
167466474.LC.FTS.B
,
11
.02
%
,
2/27/25
...
3,377
3,284
163582275.LC.FTS.B
,
16
.12
%
,
2/28/25
...
4,549
4,325
168273324.LC.FTS.B
,
18
.62
%
,
3/17/25
...
3,065
3,007
164935272.LC.FTS.B
,
20
.55
%
,
3/21/25
...
8,780
8,819
168585809.LC.FTS.B
,
15
.24
%
,
3/24/25
...
1,921
1,866
165378648.LC.FTS.B
,
11
.02
%
,
3/31/25
...
8,070
7,941
167808300.LC.FTS.B
,
13
.08
%
,
4/14/25
...
2,527
2,419
155128973.LC.FTS.B
,
15
.24
%
,
7/25/34
...
11,417
8,933
154670467.LC.FTS.B
,
16
.12
%
,
7/25/34
...
2,191
2,189
153882991.LC.FTS.B
,
14
.3
%
,
7/31/34
...
532
534
155970724.LC.FTS.B
,
16
.95
%
,
7/31/34
...
356
358
155983239.LC.FTS.B
,
14
.3
%
,
8/09/34
...
10,557
10,391
151286105.LC.FTS.B
,
11
.71
%
,
8/10/34
...
1,306
67
87,404
LendingClub
Corp.
-
LCX
PM
188248955.LC.FTS.B
,
19
.49
%
,
4/12/25
...
8,103
1,518
188396824.LC.FTS.B
,
23
.99
%
,
4/18/25
...
4,905
–
188336152.LC.FTS.B
,
23
.99
%
,
4/19/25
...
10,170
938
187760587.LC.FTS.B
,
15
.99
%
,
4/21/25
...
3,852
3,853
188588570.LC.FTS.B
,
16
.29
%
,
4/21/25
...
1,337
1,332
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
188585972.LC.FTS.B
,
19
.44
%
,
4/21/25
...
$
7,939
$
971
188593902.LC.FTS.B
,
21
.49
%
,
4/21/25
...
6,253
6,330
188631141.LC.FTS.B
,
18
.19
%
,
4/22/25
...
12,112
12,136
188664382.LC.FTS.B
,
21
.49
%
,
4/22/25
...
3,464
3,502
188534183.LC.FTS.B
,
22
.99
%
,
4/22/25
...
1,117
1,140
188686293.LC.FTS.B
,
23
.99
%
,
4/22/25
...
4,587
3,740
188654930.LC.FTS.B
,
24
.79
%
,
4/22/25
...
1,935
1,992
188635054.LC.FTS.B
,
16
.99
%
,
4/24/25
...
3,206
3,207
188123636.LC.FTS.B
,
5
%
,
4/01/26
......
7,557
7,525
188037917.LC.FTS.B
,
22
.49
%
,
3/28/27
...
9,948
931
188053341.LC.FTS.B
,
6
%
,
4/08/27
......
3,851
3,824
187991007.LC.FTS.B
,
17
.19
%
,
4/08/27
...
3,915
3,816
188072484.LC.FTS.B
,
22
.49
%
,
4/08/27
...
5,651
–
187514926.LC.FTS.B
,
23
.49
%
,
4/11/27
...
5,415
5,412
188256153.LC.FTS.B
,
18
.99
%
,
4/12/27
...
4,307
780
188268197.LC.FTS.B
,
Zero
Cpn
,
4/13/27
.
5,060
–
188277181.LC.FTS.B
,
23
.49
%
,
4/13/27
...
24,058
23,634
188110736.LC.FTS.B
,
23
.99
%
,
4/13/27
...
7,047
2,708
188308390.LC.FTS.B
,
25
.99
%
,
4/14/27
...
4,204
4,212
188316633.LC.FTS.B
,
25
.99
%
,
4/14/27
...
7,685
–
188149297.LC.FTS.B
,
27
.79
%
,
4/14/27
...
6,348
766
188225211.LC.FTS.B
,
20
.99
%
,
4/18/27
...
10,107
9,667
188142269.LC.FTS.B
,
27
.79
%
,
4/18/27
...
6,635
2,638
188575003.LC.FTS.B
,
22
.49
%
,
4/20/27
...
4,621
4,616
188450442.LC.FTS.B
,
15
.19
%
,
4/21/27
...
17,952
16,895
188615522.LC.FTS.B
,
16
.19
%
,
4/21/27
...
10,350
10,059
188223031.LC.FTS.B
,
18
.99
%
,
4/21/27
...
21,774
2,782
188623242.LC.FTS.B
,
19
.41
%
,
4/21/27
...
13,228
629
188593509.LC.FTS.B
,
19
.44
%
,
4/21/27
...
4,790
4,768
188582913.LC.FTS.B
,
20
.49
%
,
4/21/27
...
15,550
1,913
188303635.LC.FTS.B
,
20
.99
%
,
4/21/27
...
7,351
7,260
188594404.LC.FTS.B
,
20
.99
%
,
4/21/27
...
20,833
16,409
188494026.LC.FTS.B
,
21
.99
%
,
4/21/27
...
14,413
–
188619005.LC.FTS.B
,
23
.99
%
,
4/21/27
...
2,730
257
188633218.LC.FTS.B
,
28
.99
%
,
4/21/27
...
8,593
8,780
188476890.LC.FTS.B
,
17
.49
%
,
4/22/27
...
5,234
5,152
188630360.LC.FTS.B
,
20
.49
%
,
4/22/27
...
14,763
14,653
188277503.LC.FTS.B
,
23
.19
%
,
4/22/27
...
6,901
6,831
188087453.LC.FTS.B
,
23
.99
%
,
4/22/27
...
5,769
4,613
187548960.LC.FTS.B
,
20
.49
%
,
4/25/27
...
12,596
11,942
187548690.LC.FTS.B
,
23
.49
%
,
4/25/27
...
10,250
10,271
188528665.LC.FTS.B
,
23
.99
%
,
4/25/27
...
4,877
4,831
188400206.LC.FTS.B
,
23
.19
%
,
4/27/27
...
9,149
9,130
188048788.LC.FTS.B
,
25
.99
%
,
4/28/27
...
17,780
17,492
187899660.LC.FTS.B
,
23
.99
%
,
4/29/27
...
14,265
14,087
188557045.LC.FTS.B
,
18
.99
%
,
4/30/27
...
17,681
17,080
188352447.LC.FTS.B
,
21
.49
%
,
4/30/27
...
6,427
–
188575150.LC.FTS.B
,
22
.99
%
,
4/30/27
...
18,122
–
188535698.LC.FTS.B
,
21
.99
%
,
8/20/27
...
11,607
11,268
188574271.LC.FTS.B
,
15
%
,
9/30/27
.....
20,988
16,839
188352437.LC.FTS.B
,
23
.99
%
,
10/30/27
..
24,883
2,331
188186124.LC.FTS.B
,
21
.49
%
,
11/12/27
..
5,388
5,131
188415292.LC.FTS.B
,
22
.99
%
,
7/20/28
...
23,672
22,765
355,356
Prosper
Funding
LLC
1648237.PS.FTS.B
,
15
.1
%
,
10/26/24
....
678
681
1657446.PS.FTS.B
,
14
.79
%
,
10/29/24
...
2,683
2,684
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)
Prosper
Funding
LLC
(continued)
1651390.PS.FTS.B
,
12
%
,
11/01/24
......
$
647
$
643
1648712.PS.FTS.B
,
12
.4
%
,
11/02/24
....
1,560
1,550
1660875.PS.FTS.B
,
12
%
,
11/05/24
......
259
257
1657975.PS.FTS.B
,
13
.05
%
,
11/08/24
....
2,638
2,617
1653485.PS.FTS.B
,
10
.8
%
,
11/09/24
....
329
327
1667316.PS.FTS.B
,
15
.4
%
,
11/10/24
....
1,320
1,317
1686279.PS.FTS.B
,
10
.8
%
,
12/15/24
....
724
719
1686276.PS.FTS.B
,
13
.9
%
,
12/15/24
....
989
987
1686264.PS.FTS.B
,
14
.11
%
,
12/15/24
....
3,459
3,439
1686630.PS.FTS.B
,
15
.1
%
,
12/16/24
....
1,003
1,001
1680844.PS.FTS.B
,
15
.29
%
,
12/17/24
...
2,763
397
1687224.PS.FTS.B
,
19
.6
%
,
12/17/24
....
1,175
1,063
1674899.PS.FTS.B
,
13
.8
%
,
12/20/24
....
4,116
4,099
1676741.PS.FTS.B
,
21
.45
%
,
12/22/24
...
1,878
1,891
1679401.PS.FTS.B
,
18
.11
%
,
12/24/24
....
355
353
1683619.PS.FTS.B
,
12
.33
%
,
12/30/24
...
6,847
6,904
1649773.PS.FTS.B
,
15
.1
%
,
12/31/24
....
1,030
1,031
1701024.PS.FTS.B
,
15
.1
%
,
1/12/25
.....
2,985
2,972
1695016.PS.FTS.B
,
12
.2
%
,
1/13/25
.....
3,660
3,633
1688477.PS.FTS.B
,
17
.59
%
,
1/13/25
....
628
624
1701786.PS.FTS.B
,
20
.01
%
,
1/13/25
....
630
631
1689320.PS.FTS.B
,
12
%
,
1/14/25
.......
3,841
3,814
1689317.PS.FTS.B
,
13
.4
%
,
1/14/25
.....
4,412
4,382
1695337.PS.FTS.B
,
13
.6
%
,
1/14/25
.....
390
387
1695322.PS.FTS.B
,
13
.7
%
,
1/14/25
.....
686
681
1689350.PS.FTS.B
,
14
.89
%
,
1/14/25
....
993
989
1695730.PS.FTS.B
,
16
.6
%
,
1/14/25
.....
1,882
1,866
1686609.PS.FTS.B
,
11
.16
%
,
1/15/25
....
1,281
1,273
1696453.PS.FTS.B
,
14
.39
%
,
1/18/25
....
1,181
1,178
1704912.PS.FTS.B
,
12
.3
%
,
1/19/25
.....
1,928
1,917
1705407.PS.FTS.B
,
13
.5
%
,
1/20/25
.....
1,916
1,912
1706154.PS.FTS.B
,
15
.29
%
,
1/20/25
....
3,002
2,980
1695325.PS.FTS.B
,
18
.09
%
,
1/20/25
....
2,083
2,082
1693714.PS.FTS.B
,
22
.6
%
,
1/20/25
.....
1,579
1,578
1698682.PS.FTS.B
,
22
.6
%
,
1/20/25
.....
1,295
1,308
1693753.PS.FTS.B
,
24
.4
%
,
1/21/25
.....
598
599
1695349.PS.FTS.B
,
14
.39
%
,
1/25/25
....
1,746
1,736
1702114.PS.FTS.B
,
16
%
,
1/25/25
.......
313
312
1700610.PS.FTS.B
,
22
.6
%
,
1/26/25
.....
1,120
1,124
1706943.PS.FTS.B
,
17
.7
%
,
2/01/25
.....
4,770
4,790
1693775.PS.FTS.B
,
22
.6
%
,
2/01/25
.....
1,315
1,327
1702146.PS.FTS.B
,
13
.2
%
,
2/09/25
.....
943
933
1708013.PS.FTS.B
,
11
.7
%
,
2/15/25
.....
1,555
1,542
1721415.PS.FTS.B
,
11
.7
%
,
2/15/25
.....
2,111
2,093
1715365.PS.FTS.B
,
11
.79
%
,
2/15/25
....
2,146
2,127
1708001.PS.FTS.B
,
11
.89
%
,
2/15/25
....
2,226
2,208
1721412.PS.FTS.B
,
13
.9
%
,
2/15/25
.....
2,275
2,256
1721856.PS.FTS.B
,
14
.6
%
,
2/15/25
.....
2,636
2,623
1720959.PS.FTS.B
,
16
.6
%
,
2/15/25
.....
2,341
2,330
1720995.PS.FTS.B
,
25
.4
%
,
2/15/25
.....
1,023
1,031
1722456.PS.FTS.B
,
14
.09
%
,
2/16/25
....
1,254
1,248
1715869.PS.FTS.B
,
23
.13
%
,
2/16/25
....
1,251
1,255
1721859.PS.FTS.B
,
15
.4
%
,
2/17/25
.....
4,197
4,176
1716898.PS.FTS.B
,
21
%
,
2/17/25
.......
3,781
–
1708025.PS.FTS.B
,
12
.3
%
,
2/21/25
.....
289
287
1708019.PS.FTS.B
,
14
.2
%
,
2/23/25
.....
1,097
1,091
1712990.PS.FTS.B
,
17
%
,
2/23/25
.......
1,293
1,302
1720297.PS.FTS.B
,
18
.6
%
,
2/23/25
.....
1,717
1,750
Description
Principal
Amount
Value
Prosper
Funding
LLC
(continued)
1721877.PS.FTS.B
,
14
.39
%
,
2/28/25
....
$
2,592
$
2,579
1720956.PS.FTS.B
,
15
.1
%
,
2/28/25
.....
3,408
3,383
1702474.PS.FTS.B
,
22
%
,
2/28/25
.......
9,799
334
1742756.PS.FTS.B
,
18
.6
%
,
4/05/25
.....
1,218
1,209
1749733.PS.FTS.B
,
13
.9
%
,
4/06/25
.....
1,743
1,717
1753725.PS.FTS.B
,
14
.6
%
,
4/07/25
.....
1,225
1,210
1743983.PS.FTS.B
,
15
.86
%
,
4/07/25
....
1,276
1,258
1744487.PS.FTS.B
,
18
.09
%
,
4/07/25
....
6,150
6,112
1744493.PS.FTS.B
,
19
.3
%
,
4/07/25
.....
6,132
6,094
1743971.PS.FTS.B
,
22
.9
%
,
4/07/25
.....
4,786
4,780
1744373.PS.FTS.B
,
23
.13
%
,
4/07/25
....
1,293
1,285
1745288.PS.FTS.B
,
15
.9
%
,
4/08/25
.....
593
584
1755081.PS.FTS.B
,
16
.06
%
,
4/08/25
....
1,582
1,563
1745372.PS.FTS.B
,
18
.41
%
,
4/08/25
....
1,398
1,378
1752910.PS.FTS.B
,
10
.5
%
,
4/11/25
.....
5,471
454
1757928.PS.FTS.B
,
22
.6
%
,
4/13/25
.....
1,266
1,269
1757065.PS.FTS.B
,
22
.06
%
,
4/15/25
....
3,779
3,792
1750469.PS.FTS.B
,
19
.5
%
,
4/17/25
.....
1,606
1,607
1745342.PS.FTS.B
,
13
.9
%
,
4/20/25
.....
4,284
4,230
1755967.PS.FTS.B
,
22
.6
%
,
4/26/25
.....
844
848
1647314.PS.FTS.B
,
20
.01
%
,
4/29/25
....
4,277
4,242
1744502.PS.FTS.B
,
20
.46
%
,
4/30/25
....
2,488
2,472
1757895.PS.FTS.B
,
24
.4
%
,
5/12/25
.....
4,574
647
1721664.PS.FTS.B
,
11
.4
%
,
8/15/25
.....
2,785
2,727
1659661.PS.FTS.B
,
18
.6
%
,
9/26/25
.....
3,206
2,194
1752838.PS.FTS.B
,
14
.6
%
,
10/11/25
....
2,235
2,182
1700571.PS.FTS.B
,
18
.11
%
,
12/25/25
....
6,512
6,298
1751899.PS.FTS.B
,
22
.6
%
,
1/20/26
.....
4,360
4,299
1655640.PS.FTS.B
,
16
.33
%
,
10/27/26
...
12,037
11,898
1655235.PS.FTS.B
,
24
.03
%
,
10/27/26
...
8,344
8,679
1649857.PS.FTS.B
,
10
.5
%
,
10/28/26
....
7,758
7,615
1656498.PS.FTS.B
,
10
.9
%
,
10/28/26
....
3,881
3,809
1649350.PS.FTS.B
,
18
.78
%
,
10/28/26
...
7,629
7,743
1657464.PS.FTS.B
,
10
.5
%
,
10/29/26
....
4,375
4,304
1646555.PS.FTS.B
,
10
.9
%
,
10/29/26
....
13,357
13,114
1646915.PS.FTS.B
,
16
.1
%
,
10/29/26
....
8,489
8,623
1656576.PS.FTS.B
,
16
.18
%
,
10/29/26
...
19,824
19,571
1648681.PS.FTS.B
,
12
.21
%
,
11/01/26
....
3,126
3,071
1658775.PS.FTS.B
,
12
.5
%
,
11/02/26
....
17,860
17,437
1651286.PS.FTS.B
,
24
.33
%
,
11/05/26
....
9,249
9,498
1665042.PS.FTS.B
,
14
.68
%
,
11/08/26
....
8,354
8,165
1658917.PS.FTS.B
,
10
.7
%
,
11/09/26
....
7,459
7,294
1666464.PS.FTS.B
,
15
.29
%
,
11/09/26
....
5,606
5,503
1654475.PS.FTS.B
,
10
.8
%
,
11/10/26
....
8,001
7,826
1660093.PS.FTS.B
,
10
.9
%
,
11/10/26
....
2,227
2,179
1654034.PS.FTS.B
,
13
.6
%
,
11/10/26
....
5,504
5,406
1654907.PS.FTS.B
,
16
%
,
11/12/26
......
5,611
5,660
1665225.PS.FTS.B
,
19
.53
%
,
11/14/26
....
4,128
4,144
1667685.PS.FTS.B
,
17
.1
%
,
11/15/26
....
14,330
14,419
1673249.PS.FTS.B
,
10
.7
%
,
12/15/26
....
8,594
8,407
1679392.PS.FTS.B
,
13
.8
%
,
12/15/26
....
3,979
3,901
1686612.PS.FTS.B
,
16
.8
%
,
12/16/26
....
14,510
14,249
1679746.PS.FTS.B
,
16
.93
%
,
12/16/26
...
8,809
8,652
1673612.PS.FTS.B
,
19
.3
%
,
12/16/26
....
3,607
3,639
1674065.PS.FTS.B
,
27
.18
%
,
12/16/26
...
9,693
10,026
1674635.PS.FTS.B
,
13
.77
%
,
12/17/26
...
9,661
9,496
1681423.PS.FTS.B
,
10
.08
%
,
12/20/26
...
8,206
8,023
1688043.PS.FTS.B
,
10
.5
%
,
12/20/26
....
6,581
6,442
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)
Prosper
Funding
LLC
(continued)
1681000.PS.FTS.B
,
11
.6
%
,
12/20/26
....
$
7,201
$
6,277
1681408.PS.FTS.B
,
14
.7
%
,
12/20/26
....
5,723
5,630
1676714.PS.FTS.B
,
12
.62
%
,
12/21/26
...
19,646
19,234
1673600.PS.FTS.B
,
11
.6
%
,
12/25/26
....
5,580
5,450
1681444.PS.FTS.B
,
9
.81
%
,
12/27/26
....
12,254
2,628
1675322.PS.FTS.B
,
21
.09
%
,
12/30/26
...
9,494
9,985
1687683.PS.FTS.B
,
11
.61
%
,
1/02/27
....
11,838
–
1660267.PS.FTS.B
,
14
%
,
1/06/27
.......
16,449
16,070
1687826.PS.FTS.B
,
12
.6
%
,
1/12/27
.....
6,929
6,761
1688201.PS.FTS.B
,
24
.03
%
,
1/12/27
....
6,437
6,642
1686624.PS.FTS.B
,
11
.2
%
,
1/13/27
.....
2,151
2,109
1694575.PS.FTS.B
,
11
.99
%
,
1/13/27
....
12,049
11,761
1688543.PS.FTS.B
,
16
.18
%
,
1/13/27
....
9,007
8,808
1695334.PS.FTS.B
,
15
.1
%
,
1/14/27
.....
6,515
6,388
1702050.PS.FTS.B
,
18
.78
%
,
1/14/27
....
6,139
6,178
1689323.PS.FTS.B
,
26
.88
%
,
1/14/27
....
1,978
2,042
1689608.PS.FTS.B
,
28
.23
%
,
1/14/27
....
10,000
10,320
1691645.PS.FTS.B
,
22
.9
%
,
1/19/27
.....
1,403
1,241
1705371.PS.FTS.B
,
12
.62
%
,
1/20/27
....
17,326
16,937
1692635.PS.FTS.B
,
14
.7
%
,
1/20/27
.....
14,749
14,490
1700562.PS.FTS.B
,
15
.18
%
,
1/20/27
....
12,478
12,182
1705833.PS.FTS.B
,
18
.48
%
,
1/20/27
....
2,449
2,472
1693711.PS.FTS.B
,
21
.63
%
,
1/25/27
....
6,402
6,593
1688975.PS.FTS.B
,
12
.4
%
,
1/27/27
.....
12,805
12,483
1689314.PS.FTS.B
,
10
.26
%
,
1/28/27
....
19,945
19,451
1689341.PS.FTS.B
,
11
.7
%
,
1/28/27
.....
8,659
8,444
1704399.PS.FTS.B
,
13
.8
%
,
2/03/27
.....
21,419
20,965
1688138.PS.FTS.B
,
13
.6
%
,
2/05/27
.....
21,215
20,712
1689626.PS.FTS.B
,
19
%
,
2/07/27
.......
6,117
6,158
1715428.PS.FTS.B
,
9
.99
%
,
2/15/27
.....
2,889
2,820
1714702.PS.FTS.B
,
11
.6
%
,
2/15/27
.....
2,056
2,007
1720965.PS.FTS.B
,
11
.7
%
,
2/15/27
.....
14,702
14,347
1708892.PS.FTS.B
,
11
.79
%
,
2/15/27
....
11,824
11,522
1708910.PS.FTS.B
,
12
.5
%
,
2/15/27
.....
2,114
2,078
1708442.PS.FTS.B
,
13
.5
%
,
2/15/27
.....
2,782
2,738
1714684.PS.FTS.B
,
14
.53
%
,
2/15/27
....
9,040
8,821
1720971.PS.FTS.B
,
14
.7
%
,
2/15/27
.....
12,298
12,052
1720962.PS.FTS.B
,
15
.1
%
,
2/15/27
.....
5,727
5,608
1708445.PS.FTS.B
,
16
.63
%
,
2/15/27
....
929
928
1715575.PS.FTS.B
,
18
.59
%
,
2/15/27
....
6,052
6,080
1708043.PS.FTS.B
,
19
%
,
2/15/27
.......
504
499
1715140.PS.FTS.B
,
24
.03
%
,
2/15/27
....
681
678
1702128.PS.FTS.B
,
13
.4
%
,
2/16/27
.....
9,321
9,061
1709420.PS.FTS.B
,
21
.18
%
,
2/16/27
....
7,007
7,051
1709807.PS.FTS.B
,
15
.1
%
,
2/17/27
.....
10,955
10,739
1696093.PS.FTS.B
,
16
%
,
2/17/27
.......
9,384
9,429
1711007.PS.FTS.B
,
18
.78
%
,
2/18/27
....
10,573
10,654
1710686.PS.FTS.B
,
19
%
,
2/18/27
.......
6,306
6,354
1716991.PS.FTS.B
,
13
.7
%
,
2/22/27
.....
15,028
14,708
1721862.PS.FTS.B
,
12
.3
%
,
2/28/27
.....
6,129
5,974
1715572.PS.FTS.B
,
21
.5
%
,
2/28/27
.....
10,670
1,561
1725226.PS.FTS.B
,
11
.5
%
,
3/03/27
.....
6,041
5,862
1708439.PS.FTS.B
,
16
.7
%
,
3/09/27
.....
3,845
3,851
1720876.PS.FTS.B
,
18
.4
%
,
3/22/27
.....
13,559
–
1710332.PS.FTS.B
,
16
.18
%
,
3/24/27
....
11,620
463
1749361.PS.FTS.B
,
10
.5
%
,
4/05/27
.....
8,596
8,336
1742753.PS.FTS.B
,
11
.7
%
,
4/05/27
.....
8,696
8,432
1749355.PS.FTS.B
,
12
.7
%
,
4/05/27
.....
27,690
5,810
Description
Principal
Amount
Value
Prosper
Funding
LLC
(continued)
1742750.PS.FTS.B
,
16
.18
%
,
4/05/27
....
$
5,501
$
5,340
1752456.PS.FTS.B
,
16
.18
%
,
4/05/27
....
4,058
2,160
1752438.PS.FTS.B
,
18
.13
%
,
4/05/27
....
6,584
6,389
1749730.PS.FTS.B
,
11
.6
%
,
4/06/27
.....
9,311
9,031
1752882.PS.FTS.B
,
12
.4
%
,
4/06/27
.....
3,126
3,032
1752861.PS.FTS.B
,
12
.5
%
,
4/06/27
.....
6,258
6,070
1750048.PS.FTS.B
,
13
.13
%
,
4/06/27
....
9,443
9,173
1750153.PS.FTS.B
,
16
.9
%
,
4/06/27
.....
5,862
5,827
1744484.PS.FTS.B
,
11
.2
%
,
4/07/27
.....
21,636
20,990
1754274.PS.FTS.B
,
11
.6
%
,
4/07/27
.....
2,172
2,107
1754268.PS.FTS.B
,
13
.4
%
,
4/07/27
.....
172
170
1751020.PS.FTS.B
,
14
.49
%
,
4/07/27
....
3,688
3,590
1753719.PS.FTS.B
,
14
.68
%
,
4/07/27
....
10,210
9,916
1744412.PS.FTS.B
,
19
%
,
4/07/27
.......
8,622
8,571
1745348.PS.FTS.B
,
10
.4
%
,
4/08/27
.....
18,402
17,858
1745378.PS.FTS.B
,
12
.2
%
,
4/08/27
.....
9,361
9,083
1749376.PS.FTS.B
,
19
.06
%
,
4/10/27
....
3,671
3,646
1755504.PS.FTS.B
,
10
.29
%
,
4/11/27
....
5,515
5,355
1745708.PS.FTS.B
,
11
.79
%
,
4/11/27
.....
1,834
930
1752913.PS.FTS.B
,
15
.5
%
,
4/11/27
.....
6,433
6,259
1754277.PS.FTS.B
,
25
.9
%
,
4/11/27
.....
2,451
7
1756335.PS.FTS.B
,
18
.33
%
,
4/12/27
....
15,498
15,447
1755102.PS.FTS.B
,
15
.29
%
,
4/13/27
....
19,329
18,787
1759314.PS.FTS.B
,
10
.8
%
,
4/14/27
.....
6,158
5,983
1742747.PS.FTS.B
,
14
.38
%
,
4/15/27
....
6,738
6,533
1742765.PS.FTS.B
,
18
%
,
4/15/27
.......
3,984
3,958
1762938.PS.FTS.B
,
16
.83
%
,
4/20/27
....
29
29
1755513.PS.FTS.B
,
21
%
,
4/20/27
.......
4,077
4,177
1760241.PS.FTS.B
,
15
%
,
4/28/27
.......
9,697
9,449
1686267.PS.FTS.B
,
21
.18
%
,
6/15/27
....
7,871
1,962
1693040.PS.FTS.B
,
15
.29
%
,
9/12/27
....
11,759
11,351
1750289.PS.FTS.B
,
15
%
,
10/22/27
......
14,640
14,089
1693289.PS.FTS.B
,
12
.9
%
,
12/21/27
....
6,472
6,283
1744499.PS.FTS.B
,
18
.48
%
,
1/31/28
....
6,993
6,746
1743968.PS.FTS.B
,
11
.2
%
,
3/15/28
.....
13,091
2,730
1,113,749
Upgrade,
Inc.
22753947.UG.FTS.B
,
28
.99
%
,
9/16/24
...
1,193
1,209
22724262.UG.FTS.B
,
29
.69
%
,
9/17/24
...
1,531
1,553
23038391.UG.FTS.B
,
26
.77
%
,
9/26/24
...
735
746
22732959.UG.FTS.B
,
28
.71
%
,
10/03/24
..
2,258
2,286
23786228.UG.FTS.B
,
29
.69
%
,
10/28/24
..
1,238
1,273
24184289.UG.FTS.B
,
27
.74
%
,
11/06/24
..
247
247
24800940.UG.FTS.B
,
25
.82
%
,
11/27/24
..
3,395
3,478
24350329.UG.FTS.B
,
27
.74
%
,
11/29/24
..
1,416
1,454
24938220.UG.FTS.B
,
26
.77
%
,
12/03/24
..
2,795
2,849
24763225.UG.FTS.B
,
27
.74
%
,
12/24/24
..
7,487
7,780
25561593.UG.FTS.B
,
Zero
Cpn
,
12/27/24
.
5,422
418
23,293
Upgrade,
Inc.
-
Card
991819588.UG.FTS.B
,
29
.49
%
,
12/12/24
.
245
252
991342732.UG.FTS.B
,
29
.49
%
,
12/23/24
.
72
74
991740852.UG.FTS.B
,
15
.97
%
,
2/08/25
..
37
22
991735248.UG.FTS.B
,
17
.99
%
,
2/08/25
..
124
9
991732442.UG.FTS.B
,
14
.98
%
,
2/10/25
..
204
207
991733275.UG.FTS.B
,
14
.98
%
,
2/10/25
..
91
92
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)
Upgrade,
Inc.
-
Card
(continued)
991776139.UG.FTS.B
,
15
.97
%
,
2/10/25
..
$
267
$
271
991839233.UG.FTS.B
,
15
.97
%
,
2/10/25
..
33
33
991758232.UG.FTS.B
,
16
.99
%
,
2/10/25
..
93
95
991771576.UG.FTS.B
,
16
.99
%
,
2/10/25
..
117
118
991767919.UG.FTS.B
,
17
.99
%
,
2/10/25
..
24
24
991802234.UG.FTS.B
,
17
.99
%
,
2/10/25
..
1,199
1,219
991761364.UG.FTS.B
,
28
.98
%
,
2/10/25
..
93
96
991827179.UG.FTS.B
,
28
.98
%
,
2/10/25
..
75
77
991740362.UG.FTS.B
,
16
.99
%
,
2/11/25
..
355
361
991747996.UG.FTS.B
,
16
.99
%
,
2/11/25
..
181
184
991755840.UG.FTS.B
,
16
.99
%
,
2/11/25
..
62
63
991851331.UG.FTS.B
,
28
.98
%
,
2/11/25
..
493
502
991745632.UG.FTS.B
,
29
.49
%
,
2/11/25
..
41
15
991815191.UG.FTS.B
,
29
.49
%
,
2/11/25
..
6
6
991815738.UG.FTS.B
,
29
.49
%
,
2/11/25
..
31
32
991829840.UG.FTS.B
,
29
.49
%
,
2/11/25
..
97
99
991898060.UG.FTS.B
,
15
.97
%
,
2/12/25
..
48
48
991758319.UG.FTS.B
,
16
.99
%
,
2/12/25
..
65
65
991807436.UG.FTS.B
,
17
.99
%
,
2/12/25
..
94
96
991827757.UG.FTS.B
,
18
.97
%
,
2/12/25
..
51
52
991872148.UG.FTS.B
,
18
.97
%
,
2/12/25
..
1,220
1,240
991816619.UG.FTS.B
,
19
.21
%
,
2/12/25
..
213
217
991864191.UG.FTS.B
,
19
.21
%
,
2/12/25
..
355
362
991840163.UG.FTS.B
,
19
.8
%
,
2/12/25
...
172
174
991760875.UG.FTS.B
,
19
.99
%
,
2/12/25
..
29
30
991826760.UG.FTS.B
,
19
.99
%
,
2/12/25
..
30
31
991752839.UG.FTS.B
,
20
.46
%
,
2/12/25
..
23
23
992003412.UG.FTS.B
,
20
.46
%
,
2/12/25
..
120
8
991957028.UG.FTS.B
,
20
.97
%
,
2/12/25
..
17
17
991863804.UG.FTS.B
,
21
.98
%
,
2/12/25
..
349
357
991820674.UG.FTS.B
,
23
.95
%
,
2/12/25
..
60
62
991849884.UG.FTS.B
,
27
.99
%
,
2/12/25
..
40
40
991753187.UG.FTS.B
,
28
.98
%
,
2/12/25
..
95
37
991801416.UG.FTS.B
,
28
.98
%
,
2/12/25
..
188
194
991803393.UG.FTS.B
,
28
.98
%
,
2/12/25
..
22
22
991804110.UG.FTS.B
,
28
.98
%
,
2/12/25
..
46
47
991806309.UG.FTS.B
,
28
.98
%
,
2/12/25
..
70
5
991812552.UG.FTS.B
,
28
.98
%
,
2/12/25
..
11
11
991817728.UG.FTS.B
,
28
.98
%
,
2/12/25
..
92
–
991818557.UG.FTS.B
,
28
.98
%
,
2/12/25
..
14
14
991829022.UG.FTS.B
,
28
.98
%
,
2/12/25
..
33
–
991832753.UG.FTS.B
,
28
.98
%
,
2/12/25
..
137
140
991836990.UG.FTS.B
,
28
.98
%
,
2/12/25
..
33
34
991838703.UG.FTS.B
,
28
.98
%
,
2/12/25
..
34
35
991843868.UG.FTS.B
,
28
.98
%
,
2/12/25
..
76
78
991807146.UG.FTS.B
,
29
.46
%
,
2/12/25
..
99
102
991753952.UG.FTS.B
,
29
.49
%
,
2/12/25
..
169
172
991762228.UG.FTS.B
,
29
.49
%
,
2/12/25
..
47
17
991790482.UG.FTS.B
,
29
.49
%
,
2/12/25
..
66
67
991798251.UG.FTS.B
,
29
.49
%
,
2/12/25
..
39
40
991803191.UG.FTS.B
,
29
.49
%
,
2/12/25
..
84
87
991806948.UG.FTS.B
,
29
.49
%
,
2/12/25
..
48
49
991809346.UG.FTS.B
,
29
.49
%
,
2/12/25
..
62
26
991811105.UG.FTS.B
,
29
.49
%
,
2/12/25
..
8
8
991828550.UG.FTS.B
,
29
.49
%
,
2/12/25
..
136
139
991829556.UG.FTS.B
,
29
.49
%
,
2/12/25
..
4
–
991837472.UG.FTS.B
,
29
.49
%
,
2/12/25
..
48
50
991846043.UG.FTS.B
,
29
.49
%
,
2/12/25
..
38
39
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991849938.UG.FTS.B
,
29
.49
%
,
2/12/25
..
$
41
$
42
991853347.UG.FTS.B
,
29
.49
%
,
2/12/25
..
826
851
991854668.UG.FTS.B
,
29
.49
%
,
2/12/25
..
660
681
991838768.UG.FTS.B
,
15
%
,
2/13/25
.....
102
103
991900934.UG.FTS.B
,
15
.97
%
,
2/13/25
..
65
66
991995168.UG.FTS.B
,
15
.97
%
,
2/13/25
..
35
35
991772971.UG.FTS.B
,
16
.99
%
,
2/13/25
..
491
36
991789526.UG.FTS.B
,
16
.99
%
,
2/13/25
..
210
214
991851687.UG.FTS.B
,
16
.99
%
,
2/13/25
..
10
10
991863444.UG.FTS.B
,
16
.99
%
,
2/13/25
..
62
–
991898765.UG.FTS.B
,
16
.99
%
,
2/13/25
..
1,423
1,445
991964092.UG.FTS.B
,
16
.99
%
,
2/13/25
..
385
390
991764232.UG.FTS.B
,
17
.99
%
,
2/13/25
..
41
41
991770734.UG.FTS.B
,
17
.99
%
,
2/13/25
..
57
57
991860430.UG.FTS.B
,
18
.97
%
,
2/13/25
..
8
8
991888359.UG.FTS.B
,
19
.21
%
,
2/13/25
..
16
16
991994001.UG.FTS.B
,
19
.21
%
,
2/13/25
..
168
171
991804993.UG.FTS.B
,
19
.99
%
,
2/13/25
..
209
–
991815843.UG.FTS.B
,
19
.99
%
,
2/13/25
..
185
187
991831745.UG.FTS.B
,
19
.99
%
,
2/13/25
..
84
86
991834564.UG.FTS.B
,
19
.99
%
,
2/13/25
..
651
668
991835719.UG.FTS.B
,
20
.46
%
,
2/13/25
..
801
815
991851215.UG.FTS.B
,
20
.46
%
,
2/13/25
..
6
6
991826312.UG.FTS.B
,
21
.46
%
,
2/13/25
..
224
226
991867322.UG.FTS.B
,
21
.46
%
,
2/13/25
..
88
35
991838484.UG.FTS.B
,
21
.98
%
,
2/13/25
..
113
114
991884233.UG.FTS.B
,
21
.98
%
,
2/13/25
..
35
36
991845521.UG.FTS.B
,
22
.95
%
,
2/13/25
..
1,135
1,162
991817461.UG.FTS.B
,
27
.99
%
,
2/13/25
..
141
145
991773511.UG.FTS.B
,
28
.98
%
,
2/13/25
..
50
51
991777156.UG.FTS.B
,
28
.98
%
,
2/13/25
..
397
408
991794293.UG.FTS.B
,
28
.98
%
,
2/13/25
..
556
38
991795226.UG.FTS.B
,
28
.98
%
,
2/13/25
..
59
59
991804663.UG.FTS.B
,
28
.98
%
,
2/13/25
..
46
48
991805844.UG.FTS.B
,
28
.98
%
,
2/13/25
..
155
157
991808321.UG.FTS.B
,
28
.98
%
,
2/13/25
..
251
17
991808486.UG.FTS.B
,
28
.98
%
,
2/13/25
..
57
58
991808933.UG.FTS.B
,
28
.98
%
,
2/13/25
..
74
11
991809700.UG.FTS.B
,
28
.98
%
,
2/13/25
..
197
202
991811977.UG.FTS.B
,
28
.98
%
,
2/13/25
..
74
3
991817001.UG.FTS.B
,
28
.98
%
,
2/13/25
..
231
17
991817771.UG.FTS.B
,
28
.98
%
,
2/13/25
..
36
38
991822597.UG.FTS.B
,
28
.98
%
,
2/13/25
..
72
74
991832349.UG.FTS.B
,
28
.98
%
,
2/13/25
..
48
49
991840865.UG.FTS.B
,
28
.98
%
,
2/13/25
..
59
60
991844003.UG.FTS.B
,
28
.98
%
,
2/13/25
..
113
116
991845546.UG.FTS.B
,
28
.98
%
,
2/13/25
..
44
45
991849383.UG.FTS.B
,
28
.98
%
,
2/13/25
..
285
293
991853522.UG.FTS.B
,
28
.98
%
,
2/13/25
..
1,087
75
991762706.UG.FTS.B
,
29
.49
%
,
2/13/25
..
33
34
991794448.UG.FTS.B
,
29
.49
%
,
2/13/25
..
31
32
991803467.UG.FTS.B
,
29
.49
%
,
2/13/25
..
165
170
991813160.UG.FTS.B
,
29
.49
%
,
2/13/25
..
39
16
991814587.UG.FTS.B
,
29
.49
%
,
2/13/25
..
8
8
991816392.UG.FTS.B
,
29
.49
%
,
2/13/25
..
37
14
991820548.UG.FTS.B
,
29
.49
%
,
2/13/25
..
26
26
991825720.UG.FTS.B
,
29
.49
%
,
2/13/25
..
386
393
991857606.UG.FTS.B
,
29
.49
%
,
2/13/25
..
63
22
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)
Upgrade,
Inc.
-
Card
(continued)
991773058.UG.FTS.B
,
15
.97
%
,
2/14/25
..
$
1
$
1
991770123.UG.FTS.B
,
16
.99
%
,
2/14/25
..
208
210
991784739.UG.FTS.B
,
16
.99
%
,
2/14/25
..
994
70
991962430.UG.FTS.B
,
16
.99
%
,
2/14/25
..
115
8
991767560.UG.FTS.B
,
17
.99
%
,
2/14/25
..
39
39
991772757.UG.FTS.B
,
17
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%
,
2/14/25
..
1,848
1,873
991775466.UG.FTS.B
,
17
.99
%
,
2/14/25
..
49
50
991813569.UG.FTS.B
,
17
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%
,
2/14/25
..
169
172
991830188.UG.FTS.B
,
18
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%
,
2/14/25
..
289
294
991871531.UG.FTS.B
,
19
.8
%
,
2/14/25
...
70
71
991805685.UG.FTS.B
,
19
.99
%
,
2/14/25
..
96
2
991842185.UG.FTS.B
,
19
.99
%
,
2/14/25
..
28
28
991825048.UG.FTS.B
,
20
.97
%
,
2/14/25
..
92
7
991900726.UG.FTS.B
,
20
.97
%
,
2/14/25
..
169
12
991889627.UG.FTS.B
,
21
.46
%
,
2/14/25
..
61
62
991910744.UG.FTS.B
,
21
.46
%
,
2/14/25
..
17
17
991807412.UG.FTS.B
,
28
.98
%
,
2/14/25
..
109
110
991814585.UG.FTS.B
,
28
.98
%
,
2/14/25
..
247
253
991815145.UG.FTS.B
,
28
.98
%
,
2/14/25
..
68
5
991818104.UG.FTS.B
,
28
.98
%
,
2/14/25
..
28
28
991820882.UG.FTS.B
,
28
.98
%
,
2/14/25
..
216
220
991823151.UG.FTS.B
,
28
.98
%
,
2/14/25
..
133
9
991824915.UG.FTS.B
,
28
.98
%
,
2/14/25
..
39
15
991835570.UG.FTS.B
,
28
.98
%
,
2/14/25
..
54
55
991835935.UG.FTS.B
,
28
.98
%
,
2/14/25
..
120
123
991841496.UG.FTS.B
,
28
.98
%
,
2/14/25
..
39
40
991803107.UG.FTS.B
,
29
.49
%
,
2/14/25
..
53
55
991805019.UG.FTS.B
,
29
.49
%
,
2/14/25
..
33
13
991808473.UG.FTS.B
,
29
.49
%
,
2/14/25
..
452
457
991811157.UG.FTS.B
,
29
.49
%
,
2/14/25
..
16
16
991811373.UG.FTS.B
,
29
.49
%
,
2/14/25
..
189
196
991815619.UG.FTS.B
,
29
.49
%
,
2/14/25
..
11
11
991819000.UG.FTS.B
,
29
.49
%
,
2/14/25
..
3
3
991820047.UG.FTS.B
,
29
.49
%
,
2/14/25
..
354
54
991826813.UG.FTS.B
,
29
.49
%
,
2/14/25
..
1
1
991831048.UG.FTS.B
,
29
.49
%
,
2/14/25
..
253
257
991832048.UG.FTS.B
,
29
.49
%
,
2/14/25
..
37
38
991832343.UG.FTS.B
,
29
.49
%
,
2/14/25
..
24
24
991834001.UG.FTS.B
,
29
.49
%
,
2/14/25
..
23
23
991842038.UG.FTS.B
,
29
.49
%
,
2/14/25
..
47
49
991843173.UG.FTS.B
,
29
.49
%
,
2/14/25
..
32
33
991843756.UG.FTS.B
,
29
.49
%
,
2/14/25
..
787
303
991847323.UG.FTS.B
,
29
.49
%
,
2/14/25
..
39
40
991789128.UG.FTS.B
,
15
%
,
2/15/25
.....
279
282
991851600.UG.FTS.B
,
15
.97
%
,
2/15/25
..
97
98
991781788.UG.FTS.B
,
15
.99
%
,
2/15/25
..
152
154
991885852.UG.FTS.B
,
16
.99
%
,
2/15/25
..
37
38
991967241.UG.FTS.B
,
16
.99
%
,
2/15/25
..
54
55
991784876.UG.FTS.B
,
17
.99
%
,
2/15/25
..
255
259
991838452.UG.FTS.B
,
18
.97
%
,
2/15/25
..
270
274
991860520.UG.FTS.B
,
19
.21
%
,
2/15/25
..
358
365
991885352.UG.FTS.B
,
19
.8
%
,
2/15/25
...
19
19
991784969.UG.FTS.B
,
19
.99
%
,
2/15/25
..
365
370
991802931.UG.FTS.B
,
19
.99
%
,
2/15/25
..
38
39
991829098.UG.FTS.B
,
19
.99
%
,
2/15/25
..
172
177
991835552.UG.FTS.B
,
21
.98
%
,
2/15/25
..
125
127
991946872.UG.FTS.B
,
23
.95
%
,
2/15/25
..
113
114
991807279.UG.FTS.B
,
27
.99
%
,
2/15/25
..
51
53
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991779814.UG.FTS.B
,
28
.98
%
,
2/15/25
..
$
259
$
267
991808277.UG.FTS.B
,
28
.98
%
,
2/15/25
..
102
105
991808466.UG.FTS.B
,
28
.98
%
,
2/15/25
..
60
62
991808666.UG.FTS.B
,
28
.98
%
,
2/15/25
..
53
53
991811774.UG.FTS.B
,
28
.98
%
,
2/15/25
..
58
60
991817978.UG.FTS.B
,
28
.98
%
,
2/15/25
..
270
277
991818026.UG.FTS.B
,
28
.98
%
,
2/15/25
..
49
50
991825566.UG.FTS.B
,
28
.98
%
,
2/15/25
..
35
36
991840458.UG.FTS.B
,
28
.98
%
,
2/15/25
..
2
2
991843119.UG.FTS.B
,
28
.98
%
,
2/15/25
..
64
65
991844759.UG.FTS.B
,
28
.98
%
,
2/15/25
..
94
97
991852017.UG.FTS.B
,
28
.98
%
,
2/15/25
..
69
72
991853669.UG.FTS.B
,
28
.98
%
,
2/15/25
..
20
3
991778437.UG.FTS.B
,
29
.49
%
,
2/15/25
..
79
80
991804151.UG.FTS.B
,
29
.49
%
,
2/15/25
..
30
31
991808493.UG.FTS.B
,
29
.49
%
,
2/15/25
..
46
47
991816017.UG.FTS.B
,
29
.49
%
,
2/15/25
..
35
36
991818267.UG.FTS.B
,
29
.49
%
,
2/15/25
..
31
32
991825651.UG.FTS.B
,
29
.49
%
,
2/15/25
..
216
221
991825953.UG.FTS.B
,
29
.49
%
,
2/15/25
..
30
30
991826550.UG.FTS.B
,
29
.49
%
,
2/15/25
..
12
12
991830568.UG.FTS.B
,
29
.49
%
,
2/15/25
..
87
90
991832219.UG.FTS.B
,
29
.49
%
,
2/15/25
..
22
22
991833396.UG.FTS.B
,
29
.49
%
,
2/15/25
..
171
179
991834132.UG.FTS.B
,
29
.49
%
,
2/15/25
..
53
55
991834349.UG.FTS.B
,
29
.49
%
,
2/15/25
..
39
41
991835600.UG.FTS.B
,
29
.49
%
,
2/15/25
..
1
1
991842134.UG.FTS.B
,
29
.49
%
,
2/15/25
..
26
27
991842993.UG.FTS.B
,
29
.49
%
,
2/15/25
..
45
46
991843227.UG.FTS.B
,
29
.49
%
,
2/15/25
..
96
15
991849202.UG.FTS.B
,
29
.49
%
,
2/15/25
..
101
101
991851480.UG.FTS.B
,
29
.49
%
,
2/15/25
..
170
172
991855015.UG.FTS.B
,
29
.49
%
,
2/15/25
..
43
44
991823722.UG.FTS.B
,
14
.97
%
,
2/16/25
..
195
198
991797926.UG.FTS.B
,
14
.98
%
,
2/16/25
..
38
38
991801116.UG.FTS.B
,
15
%
,
2/16/25
.....
742
754
991824562.UG.FTS.B
,
15
.97
%
,
2/16/25
..
11
11
991787407.UG.FTS.B
,
16
.99
%
,
2/16/25
..
193
198
991854632.UG.FTS.B
,
16
.99
%
,
2/16/25
..
119
121
991929151.UG.FTS.B
,
16
.99
%
,
2/16/25
..
7
7
991937144.UG.FTS.B
,
16
.99
%
,
2/16/25
..
663
673
991851044.UG.FTS.B
,
17
.97
%
,
2/16/25
..
30
30
991868894.UG.FTS.B
,
17
.99
%
,
2/16/25
..
242
246
991921494.UG.FTS.B
,
17
.99
%
,
2/16/25
..
1,384
1,406
991854974.UG.FTS.B
,
19
.99
%
,
2/17/25
..
108
8
991793801.UG.FTS.B
,
28
.98
%
,
2/17/25
..
17
18
991806681.UG.FTS.B
,
28
.98
%
,
2/17/25
..
249
256
991985560.UG.FTS.B
,
28
.98
%
,
2/17/25
..
133
137
991806949.UG.FTS.B
,
29
.49
%
,
2/17/25
..
35
36
991830438.UG.FTS.B
,
29
.49
%
,
2/17/25
..
70
72
992003670.UG.FTS.B
,
29
.49
%
,
2/17/25
..
71
72
992008864.UG.FTS.B
,
29
.49
%
,
2/17/25
..
56
57
991806983.UG.FTS.B
,
19
.8
%
,
4/13/25
...
49
50
991941107.UG.FTS.B
,
17
.99
%
,
5/12/25
..
130
131
991871804.UG.FTS.B
,
20
.97
%
,
5/12/25
..
193
61
991844908.UG.FTS.B
,
21
.46
%
,
5/13/25
..
1,014
71
991820840.UG.FTS.B
,
29
.49
%
,
5/13/25
..
96
81
991847760.UG.FTS.B
,
28
.98
%
,
5/14/25
..
58
8
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)
Upgrade,
Inc.
-
Card
(continued)
991825101.UG.FTS.B
,
29
.49
%
,
5/14/25
..
$
530
$
–
991902815.UG.FTS.B
,
16
.99
%
,
5/16/25
..
71
6
991816717.UG.FTS.B
,
29
.49
%
,
6/15/25
..
141
148
991829765.UG.FTS.B
,
29
.49
%
,
6/17/25
..
128
134
991785806.UG.FTS.B
,
20
.46
%
,
7/12/25
..
132
135
991774883.UG.FTS.B
,
16
.99
%
,
8/15/25
..
459
468
991803612.UG.FTS.B
,
29
.49
%
,
8/15/25
..
39
32
991763663.UG.FTS.B
,
16
.99
%
,
9/13/25
..
175
178
991809713.UG.FTS.B
,
29
.49
%
,
9/14/25
..
85
90
991808149.UG.FTS.B
,
29
.49
%
,
10/15/25
.
70
73
991854422.UG.FTS.B
,
29
.49
%
,
10/17/25
.
431
451
991835626.UG.FTS.B
,
28
.98
%
,
4/15/26
..
204
213
991811876.UG.FTS.B
,
28
.98
%
,
5/12/26
..
10
10
991837288.UG.FTS.B
,
15
%
,
8/13/29
.....
4
4
991807185.UG.FTS.B
,
28
.98
%
,
8/13/29
..
3
3
35,153
Upstart
Network,
Inc.
L1715024.UP.FTS.B
,
9
.8
%
,
9/15/24
.....
185
184
L1717347.UP.FTS.B
,
10
.59
%
,
9/15/24
....
297
296
L1716025.UP.FTS.B
,
10
.69
%
,
9/15/24
....
321
320
L1717926.UP.FTS.B
,
11
.94
%
,
9/15/24
....
295
293
L1716380.UP.FTS.B
,
13
.61
%
,
9/15/24
....
133
133
L1714869.UP.FTS.B
,
15
.65
%
,
9/15/24
....
424
422
L1715589.UP.FTS.B
,
16
.64
%
,
9/15/24
....
1,038
1,037
L1716811.UP.FTS.B
,
16
.92
%
,
9/15/24
....
126
126
L1716828.UP.FTS.B
,
17
.26
%
,
9/15/24
....
209
209
L1716020.UP.FTS.B
,
23
.35
%
,
9/15/24
....
135
135
L1715151.UP.FTS.B
,
23
.45
%
,
9/15/24
....
143
143
L1717684.UP.FTS.B
,
25
.05
%
,
9/15/24
....
148
148
FW1715798.UP.FTS.B
,
29
.92
%
,
9/15/24
..
114
114
L1717607.UP.FTS.B
,
13
.74
%
,
9/28/24
....
672
669
L1886505.UP.FTS.B
,
13
.79
%
,
10/20/24
...
100
100
L1887864.UP.FTS.B
,
14
.09
%
,
10/20/24
...
201
200
L1887716.UP.FTS.B
,
16
.64
%
,
10/20/24
...
561
550
L1889126.UP.FTS.B
,
20
.94
%
,
10/20/24
...
1,784
673
L1889255.UP.FTS.B
,
22
.61
%
,
10/20/24
...
824
59
FW1885395.UP.FTS.B
,
26
.24
%
,
10/20/24
.
348
350
FW1880410.UP.FTS.B
,
27
.93
%
,
10/20/24
.
474
476
FW1886414.UP.FTS.B
,
28
.39
%
,
10/20/24
.
250
252
L2037773.UP.FTS.B
,
5
.25
%
,
11/15/24
....
1,835
139
L2046679.UP.FTS.B
,
6
.86
%
,
11/15/24
....
1,221
1,212
L2047798.UP.FTS.B
,
7
.62
%
,
11/15/24
....
619
616
L2049330.UP.FTS.B
,
8
.87
%
,
11/15/24
....
588
584
L2048001.UP.FTS.B
,
10
.35
%
,
11/15/24
...
634
632
L2047620.UP.FTS.B
,
10
.51
%
,
11/15/24
...
937
68
L2047014.UP.FTS.B
,
11
.93
%
,
11/15/24
...
1,142
1,140
L2048784.UP.FTS.B
,
13
.49
%
,
11/15/24
...
395
394
L2047716.UP.FTS.B
,
15
.83
%
,
11/15/24
...
1,129
1,134
FW2047086.UP.FTS.B
,
16
.6
%
,
11/15/24
..
546
549
L2047759.UP.FTS.B
,
17
.02
%
,
11/15/24
...
151
151
L2032354.UP.FTS.B
,
18
.46
%
,
11/15/24
...
233
234
L2048756.UP.FTS.B
,
19
.75
%
,
11/15/24
...
850
854
FW2047688.UP.FTS.B
,
20
.13
%
,
11/15/24
.
916
921
L2047733.UP.FTS.B
,
21
.64
%
,
11/15/24
...
985
162
L2046773.UP.FTS.B
,
21
.75
%
,
11/15/24
...
425
35
L2094775.UP.FTS.B
,
7
.57
%
,
11/22/24
....
612
611
L2095323.UP.FTS.B
,
10
.22
%
,
11/22/24
...
190
190
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2096413.UP.FTS.B
,
11
.37
%
,
11/22/24
...
$
2,567
$
2,562
L2094380.UP.FTS.B
,
14
.25
%
,
11/22/24
...
375
376
L2096824.UP.FTS.B
,
14
.34
%
,
11/22/24
...
1,332
1,304
L2095963.UP.FTS.B
,
14
.96
%
,
11/22/24
...
265
265
L2095754.UP.FTS.B
,
16
.91
%
,
11/22/24
...
660
664
FW2096312.UP.FTS.B
,
17
.78
%
,
11/22/24
.
914
152
L2094961.UP.FTS.B
,
18
.66
%
,
11/22/24
...
140
141
FW2091484.UP.FTS.B
,
19
.01
%
,
11/22/24
.
1,076
378
FW2094863.UP.FTS.B
,
19
.11
%
,
11/22/24
.
141
142
FW2095652.UP.FTS.B
,
28
.05
%
,
11/22/24
.
2,780
425
FW2094168.UP.FTS.B
,
28
.88
%
,
11/22/24
.
346
348
L2047831.UP.FTS.B
,
20
.33
%
,
11/23/24
...
1,164
1,133
L2292994.UP.FTS.B
,
5
.09
%
,
12/21/24
....
292
290
L2294913.UP.FTS.B
,
5
.24
%
,
12/21/24
....
327
324
FW2294665.UP.FTS.B
,
5
.75
%
,
12/21/24
..
177
176
L2295367.UP.FTS.B
,
5
.78
%
,
12/21/24
....
329
327
L2295100.UP.FTS.B
,
7
.19
%
,
12/21/24
....
163
162
FW2294439.UP.FTS.B
,
7
.72
%
,
12/21/24
..
1,629
1,625
L2294814.UP.FTS.B
,
7
.77
%
,
12/21/24
....
1,493
110
L2294775.UP.FTS.B
,
8
.85
%
,
12/21/24
....
444
443
L2294851.UP.FTS.B
,
13
.12
%
,
12/21/24
...
330
330
L2296216.UP.FTS.B
,
13
.69
%
,
12/21/24
...
436
435
L2295222.UP.FTS.B
,
15
.07
%
,
12/21/24
...
585
589
FW2295530.UP.FTS.B
,
15
.84
%
,
12/21/24
.
1,037
1,045
L2293609.UP.FTS.B
,
16
.79
%
,
12/21/24
...
871
877
L2294084.UP.FTS.B
,
17
.86
%
,
12/21/24
...
259
261
L2294351.UP.FTS.B
,
19
.21
%
,
12/21/24
...
574
559
L2285455.UP.FTS.B
,
19
.28
%
,
12/21/24
...
351
354
L2295474.UP.FTS.B
,
19
.79
%
,
12/21/24
...
705
711
FW2296126.UP.FTS.B
,
21
.1
%
,
12/21/24
..
188
189
L2295046.UP.FTS.B
,
21
.11
%
,
12/21/24
...
894
903
L2295180.UP.FTS.B
,
22
.24
%
,
12/21/24
...
815
823
FW2294007.UP.FTS.B
,
24
.91
%
,
12/21/24
.
67
67
FW2295751.UP.FTS.B
,
26
.57
%
,
12/21/24
.
1,128
1,101
FW2294187.UP.FTS.B
,
27
.27
%
,
12/21/24
.
849
820
L2296625.UP.FTS.B
,
5
.45
%
,
12/22/24
....
744
739
L2297554.UP.FTS.B
,
5
.64
%
,
12/22/24
....
820
815
L2296988.UP.FTS.B
,
5
.71
%
,
12/22/24
....
1,043
1,037
L2297459.UP.FTS.B
,
6
.46
%
,
12/22/24
....
746
742
L2297555.UP.FTS.B
,
6
.86
%
,
12/22/24
....
605
602
L2297930.UP.FTS.B
,
7
.09
%
,
12/22/24
....
400
397
L2299053.UP.FTS.B
,
7
.5
%
,
12/22/24
....
916
915
L2298344.UP.FTS.B
,
7
.65
%
,
12/22/24
....
1,169
1,167
L2298178.UP.FTS.B
,
7
.89
%
,
12/22/24
....
921
918
L2294325.UP.FTS.B
,
9
.41
%
,
12/22/24
....
927
926
L2298627.UP.FTS.B
,
10
.13
%
,
12/22/24
...
788
786
L2298051.UP.FTS.B
,
10
.22
%
,
12/22/24
...
778
776
L2298036.UP.FTS.B
,
10
.46
%
,
12/22/24
...
1,108
1,105
L2296736.UP.FTS.B
,
10
.73
%
,
12/22/24
...
397
396
L2298636.UP.FTS.B
,
11
.78
%
,
12/22/24
...
563
563
L2289317.UP.FTS.B
,
12
.5
%
,
12/22/24
....
1,131
1,132
L2297999.UP.FTS.B
,
13
.52
%
,
12/22/24
...
164
164
L2296920.UP.FTS.B
,
13
.62
%
,
12/22/24
...
1,155
1,155
L2298784.UP.FTS.B
,
14
.44
%
,
12/22/24
...
1,658
1,673
L2299210.UP.FTS.B
,
16
.21
%
,
12/22/24
...
183
184
L2297197.UP.FTS.B
,
17
.21
%
,
12/22/24
...
343
345
L2300066.UP.FTS.B
,
17
.65
%
,
12/22/24
...
329
332
L2300339.UP.FTS.B
,
18
.46
%
,
12/22/24
...
173
175
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)
L2298393.UP.FTS.B
,
19
.2
%
,
12/22/24
....
$
1,737
$
1,695
L2286362.UP.FTS.B
,
19
.22
%
,
12/22/24
...
1,336
1,346
FW2298373.UP.FTS.B
,
19
.34
%
,
12/22/24
.
526
531
FW2299910.UP.FTS.B
,
19
.59
%
,
12/22/24
.
849
856
L2296192.UP.FTS.B
,
20
.3
%
,
12/22/24
....
174
175
FW2300328.UP.FTS.B
,
21
.6
%
,
12/22/24
..
3,522
3,552
L2297511.UP.FTS.B
,
21
.76
%
,
12/22/24
...
1,803
1,821
FW2299932.UP.FTS.B
,
21
.85
%
,
12/22/24
.
1,994
2,008
L2299865.UP.FTS.B
,
22
.56
%
,
12/22/24
...
188
189
L2296417.UP.FTS.B
,
22
.8
%
,
12/22/24
....
1,949
1,967
L2296476.UP.FTS.B
,
22
.83
%
,
12/22/24
...
1,456
1,423
L2299850.UP.FTS.B
,
23
.44
%
,
12/22/24
...
865
872
L2299432.UP.FTS.B
,
24
.17
%
,
12/22/24
...
635
639
FW2296692.UP.FTS.B
,
24
.93
%
,
12/22/24
.
280
283
FW2296914.UP.FTS.B
,
26
.15
%
,
12/22/24
.
208
210
L2294199.UP.FTS.B
,
20
.47
%
,
1/01/25
....
645
650
FW2300114.UP.FTS.B
,
21
.91
%
,
1/01/25
..
1,079
1,091
L2298428.UP.FTS.B
,
8
.15
%
,
1/06/25
....
1,177
1,175
L2424056.UP.FTS.B
,
5
.61
%
,
1/13/25
....
831
564
L2423394.UP.FTS.B
,
6
.27
%
,
1/13/25
....
1,798
1,786
L2425497.UP.FTS.B
,
7
.24
%
,
1/13/25
....
3,657
3,631
L2425262.UP.FTS.B
,
8
.32
%
,
1/13/25
....
1,197
1,194
L2425211.UP.FTS.B
,
8
.5
%
,
1/13/25
......
2,550
187
FW2428576.UP.FTS.B
,
10
.33
%
,
1/13/25
..
1,496
1,491
L2423475.UP.FTS.B
,
10
.43
%
,
1/13/25
....
661
659
L2427021.UP.FTS.B
,
11
.18
%
,
1/13/25
....
951
950
L2398504.UP.FTS.B
,
11
.71
%
,
1/13/25
....
192
192
L2428568.UP.FTS.B
,
12
.86
%
,
1/13/25
....
1,358
1,358
FW2419292.UP.FTS.B
,
13
.72
%
,
1/13/25
..
579
82
L2423989.UP.FTS.B
,
13
.92
%
,
1/13/25
....
609
613
L2426394.UP.FTS.B
,
14
.04
%
,
1/13/25
....
2,296
121
L2416454.UP.FTS.B
,
20
%
,
1/13/25
......
1,253
1,263
L2426497.UP.FTS.B
,
20
.53
%
,
1/13/25
....
1,400
1,407
L2424244.UP.FTS.B
,
21
.43
%
,
1/13/25
....
1,406
1,415
FW2423092.UP.FTS.B
,
22
.82
%
,
1/13/25
..
2,033
2,048
FW2422846.UP.FTS.B
,
26
.62
%
,
1/13/25
..
1,425
1,436
FW2423280.UP.FTS.B
,
26
.88
%
,
1/13/25
..
2,421
357
L2434116.UP.FTS.B
,
4
.81
%
,
1/14/25
.....
1,149
1,142
L2418575.UP.FTS.B
,
5
.02
%
,
1/14/25
....
7,056
7,011
FW2435057.UP.FTS.B
,
5
.13
%
,
1/14/25
...
584
580
L2434822.UP.FTS.B
,
5
.8
%
,
1/14/25
.....
948
942
L2435457.UP.FTS.B
,
5
.9
%
,
1/14/25
.....
448
445
L2421481.UP.FTS.B
,
5
.96
%
,
1/14/25
....
448
445
L2428662.UP.FTS.B
,
6
.19
%
,
1/14/25
....
360
357
L2428904.UP.FTS.B
,
6
.39
%
,
1/14/25
....
900
894
L2434626.UP.FTS.B
,
6
.42
%
,
1/14/25
....
2,841
2,822
FW2432338.UP.FTS.B
,
6
.53
%
,
1/14/25
...
2,156
2,143
L2430005.UP.FTS.B
,
6
.62
%
,
1/14/25
....
361
359
L2432222.UP.FTS.B
,
7
.3
%
,
1/14/25
.....
910
908
L2432554.UP.FTS.B
,
7
.39
%
,
1/14/25
....
3,864
1,246
L2429588.UP.FTS.B
,
8
.57
%
,
1/14/25
....
4,064
4,057
FW2428881.UP.FTS.B
,
8
.87
%
,
1/14/25
...
2,455
788
L2432996.UP.FTS.B
,
11
.65
%
,
1/14/25
....
1,518
1,519
L2432213.UP.FTS.B
,
12
.69
%
,
1/14/25
....
600
601
FW2428995.UP.FTS.B
,
13
.01
%
,
1/14/25
..
777
778
L2429660.UP.FTS.B
,
15
.34
%
,
1/14/25
....
281
41
L2433771.UP.FTS.B
,
16
.58
%
,
1/14/25
....
1,967
1,981
L2432759.UP.FTS.B
,
18
.08
%
,
1/14/25
....
288
290
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2435184.UP.FTS.B
,
18
.26
%
,
1/14/25
....
$
2,060
$
2,076
FW2435471.UP.FTS.B
,
19
.27
%
,
1/14/25
..
417
420
L2406011.UP.FTS.B
,
20
.17
%
,
1/14/25
....
1,156
1,165
L2435303.UP.FTS.B
,
22
.6
%
,
1/14/25
....
3,165
229
L2435145.UP.FTS.B
,
23
.16
%
,
1/14/25
....
1,085
1,094
FW2423306.UP.FTS.B
,
29
.18
%
,
1/15/25
..
1,518
1,530
L2436421.UP.FTS.B
,
5
.98
%
,
1/18/25
....
1,233
1,225
FW2437692.UP.FTS.B
,
6
.91
%
,
1/18/25
...
1,087
1,080
FW2439168.UP.FTS.B
,
8
.76
%
,
1/18/25
...
921
920
L2436781.UP.FTS.B
,
9
.67
%
,
1/18/25
....
1,870
1,867
L2438341.UP.FTS.B
,
10
.14
%
,
1/18/25
....
282
282
L2436150.UP.FTS.B
,
10
.72
%
,
1/18/25
....
852
852
L2406128.UP.FTS.B
,
11
.74
%
,
1/18/25
....
450
434
FW2436511.UP.FTS.B
,
13
.11
%
,
1/18/25
..
778
779
FW2438258.UP.FTS.B
,
13
.5
%
,
1/18/25
...
581
581
L2436007.UP.FTS.B
,
16
.06
%
,
1/18/25
....
286
288
FW2439200.UP.FTS.B
,
18
.01
%
,
1/18/25
..
411
414
L2438734.UP.FTS.B
,
18
.88
%
,
1/18/25
....
1,034
1,043
FW2436576.UP.FTS.B
,
19
.32
%
,
1/18/25
..
833
840
L2437623.UP.FTS.B
,
21
.63
%
,
1/18/25
....
599
603
L2435694.UP.FTS.B
,
23
.43
%
,
1/18/25
....
300
302
L2428185.UP.FTS.B
,
9
.7
%
,
1/28/25
.....
1,880
1,876
L2608076.UP.FTS.B
,
6
.4
%
,
2/10/25
.....
773
767
L2603419.UP.FTS.B
,
6
.97
%
,
2/10/25
....
1,727
563
L2605161.UP.FTS.B
,
8
.41
%
,
2/10/25
....
429
428
L2602588.UP.FTS.B
,
8
.74
%
,
2/10/25
....
2,130
2,126
L2604174.UP.FTS.B
,
9
.25
%
,
2/10/25
....
1,181
1,177
FW2602705.UP.FTS.B
,
10
.63
%
,
2/10/25
..
583
581
FW2604002.UP.FTS.B
,
11
.31
%
,
2/10/25
..
7,192
7,184
FW2607521.UP.FTS.B
,
11
.42
%
,
2/10/25
..
410
409
L2607713.UP.FTS.B
,
11
.85
%
,
2/10/25
....
1,097
1,096
FW2604412.UP.FTS.B
,
12
.03
%
,
2/10/25
..
446
446
L2605799.UP.FTS.B
,
15
.28
%
,
2/10/25
....
1,128
1,135
L2607677.UP.FTS.B
,
18
.39
%
,
2/10/25
....
6,774
965
FW2606706.UP.FTS.B
,
19
.04
%
,
2/10/25
..
360
363
FW2607831.UP.FTS.B
,
19
.55
%
,
2/10/25
..
241
243
L2606380.UP.FTS.B
,
21
.09
%
,
2/10/25
....
1,227
1,236
FW2604398.UP.FTS.B
,
25
.04
%
,
2/10/25
..
255
257
FW2608083.UP.FTS.B
,
29
.04
%
,
2/10/25
..
1,027
1,032
L2559948.UP.FTS.B
,
6
.36
%
,
2/11/25
.....
10,568
10,491
FW2610553.UP.FTS.B
,
7
.05
%
,
2/11/25
...
1,266
1,257
L2611637.UP.FTS.B
,
7
.21
%
,
2/11/25
.....
1,365
1,356
L2613730.UP.FTS.B
,
7
.75
%
,
2/11/25
.....
4,917
4,901
FW2615331.UP.FTS.B
,
10
.38
%
,
2/11/25
..
328
328
FW2609609.UP.FTS.B
,
11
.5
%
,
2/11/25
...
665
665
L2612036.UP.FTS.B
,
13
.32
%
,
2/11/25
....
1,221
1,221
L2607238.UP.FTS.B
,
13
.47
%
,
2/11/25
....
679
684
L2614740.UP.FTS.B
,
14
.28
%
,
2/11/25
....
2,489
2,508
FW2610423.UP.FTS.B
,
17
.65
%
,
2/11/25
..
946
953
L2615349.UP.FTS.B
,
17
.97
%
,
2/11/25
....
554
79
L2614223.UP.FTS.B
,
18
.74
%
,
2/11/25
....
1,077
1,085
L2612860.UP.FTS.B
,
19
.65
%
,
2/11/25
....
1,441
1,447
L2611111.UP.FTS.B
,
20
.83
%
,
2/11/25
....
206
204
L2610485.UP.FTS.B
,
21
.72
%
,
2/11/25
....
2,480
2,498
FW2613906.UP.FTS.B
,
22
.85
%
,
2/11/25
..
249
251
L2613386.UP.FTS.B
,
22
.9
%
,
2/11/25
.....
1,875
1,882
L2615495.UP.FTS.B
,
24
.65
%
,
2/11/25
....
2,075
2,088
FW2611527.UP.FTS.B
,
26
.67
%
,
2/11/25
..
5,176
5,213
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)
FW2610708.UP.FTS.B
,
31
.36
%
,
2/11/25
..
$
902
$
906
L2608607.UP.FTS.B
,
7
.29
%
,
2/12/25
....
2,118
2,104
L2617531.UP.FTS.B
,
9
.41
%
,
2/14/25
....
2,780
2,775
L2618393.UP.FTS.B
,
12
.87
%
,
2/14/25
....
1,106
1,106
FW2616160.UP.FTS.B
,
13
.5
%
,
2/14/25
...
361
360
L2616391.UP.FTS.B
,
13
.87
%
,
2/14/25
....
568
569
L2617246.UP.FTS.B
,
16
.8
%
,
2/14/25
....
2,228
2,224
FW2616262.UP.FTS.B
,
17
.76
%
,
2/14/25
..
539
39
L2584870.UP.FTS.B
,
18
.22
%
,
2/14/25
....
472
475
L2616222.UP.FTS.B
,
19
.49
%
,
2/14/25
....
413
415
L2617430.UP.FTS.B
,
20
.47
%
,
2/14/25
....
3,929
3,947
L2615004.UP.FTS.B
,
20
.75
%
,
2/14/25
....
489
492
FW2615790.UP.FTS.B
,
25
.6
%
,
2/14/25
...
641
646
FW2617005.UP.FTS.B
,
25
.65
%
,
2/14/25
..
513
517
FW2617024.UP.FTS.B
,
28
.53
%
,
2/14/25
..
1,318
1,328
L1715704.UP.FTS.B
,
11
.53
%
,
2/15/25
....
2,488
2,485
L1715893.UP.FTS.B
,
19
.55
%
,
2/15/25
....
822
275
L1888732.UP.FTS.B
,
18
.47
%
,
3/20/25
....
1,317
1,276
L2950073.UP.FTS.B
,
6
.9
%
,
4/14/25
.....
2,571
2,552
L2949006.UP.FTS.B
,
7
.34
%
,
4/14/25
....
2,006
1,991
FW2950302.UP.FTS.B
,
8
.61
%
,
4/14/25
...
177
176
L2949710.UP.FTS.B
,
9
.46
%
,
4/14/25
....
2,366
2,360
L2950058.UP.FTS.B
,
9
.46
%
,
4/14/25
....
602
601
FW2950661.UP.FTS.B
,
9
.55
%
,
4/14/25
...
967
966
L2950499.UP.FTS.B
,
10
.1
%
,
4/14/25
....
325
322
L2949804.UP.FTS.B
,
11
.24
%
,
4/14/25
....
530
529
L2950816.UP.FTS.B
,
11
.31
%
,
4/14/25
....
480
479
L2949385.UP.FTS.B
,
11
.88
%
,
4/14/25
....
3,043
3,035
L2951900.UP.FTS.B
,
12
.02
%
,
4/14/25
....
1,991
1,992
L2950678.UP.FTS.B
,
12
.4
%
,
4/14/25
....
618
618
L2951520.UP.FTS.B
,
13
.5
%
,
4/14/25
....
1,156
1,155
L2950266.UP.FTS.B
,
13
.94
%
,
4/14/25
....
640
639
L2949379.UP.FTS.B
,
14
.06
%
,
4/14/25
....
420
420
L2950382.UP.FTS.B
,
15
.7
%
,
4/14/25
....
293
296
L2951331.UP.FTS.B
,
16
.4
%
,
4/14/25
....
256
257
L2951781.UP.FTS.B
,
16
.49
%
,
4/14/25
....
1,308
1,318
L2950169.UP.FTS.B
,
16
.64
%
,
4/14/25
....
5,971
6,005
L2942398.UP.FTS.B
,
18
.94
%
,
4/14/25
....
1,819
132
FW2949345.UP.FTS.B
,
19
.25
%
,
4/14/25
..
873
873
L2949677.UP.FTS.B
,
21
.51
%
,
4/14/25
....
4,820
1,434
L2950045.UP.FTS.B
,
22
.15
%
,
4/14/25
....
104
103
L2950329.UP.FTS.B
,
23
.25
%
,
4/14/25
....
888
63
L2951079.UP.FTS.B
,
23
.91
%
,
4/14/25
....
1,217
1,222
FW2950219.UP.FTS.B
,
25
.83
%
,
4/14/25
..
794
800
FW2951404.UP.FTS.B
,
29
.21
%
,
4/14/25
..
506
329
L2047834.UP.FTS.B
,
9
.02
%
,
4/15/25
....
748
746
FW2951691.UP.FTS.B
,
20
.36
%
,
4/28/25
..
1,890
1,906
L2294127.UP.FTS.B
,
16
.18
%
,
5/21/25
....
1,321
1,331
FW2295991.UP.FTS.B
,
29
.39
%
,
5/21/25
..
1,681
247
FW2298854.UP.FTS.B
,
8
.03
%
,
5/22/25
...
592
592
L2298269.UP.FTS.B
,
8
.91
%
,
5/22/25
....
7,174
2,100
FW2298127.UP.FTS.B
,
18
.19
%
,
5/22/25
..
609
615
FW2296618.UP.FTS.B
,
19
.77
%
,
5/22/25
..
269
271
L2299568.UP.FTS.B
,
21
.13
%
,
5/22/25
....
4,351
4,389
L2294977.UP.FTS.B
,
13
.32
%
,
5/27/25
....
1,942
1,939
L2299094.UP.FTS.B
,
19
.48
%
,
6/01/25
....
447
450
L2394315.UP.FTS.B
,
7
.03
%
,
6/13/25
....
1,372
1,362
L2427527.UP.FTS.B
,
22
.56
%
,
6/13/25
....
813
16
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2423658.UP.FTS.B
,
27
.05
%
,
6/13/25
..
$
737
$
108
L2435242.UP.FTS.B
,
10
.25
%
,
6/14/25
....
1,108
81
L2436629.UP.FTS.B
,
13
.84
%
,
6/18/25
....
245
245
FW2603194.UP.FTS.B
,
9
.76
%
,
7/10/25
...
1,582
1,577
L2602759.UP.FTS.B
,
17
.08
%
,
7/10/25
....
4,215
4,243
FW2607955.UP.FTS.B
,
23
.75
%
,
7/10/25
..
1,514
1,516
L2616546.UP.FTS.B
,
9
.84
%
,
7/14/25
....
3,822
3,810
L1716921.UP.FTS.B
,
23
.03
%
,
7/15/25
....
1,349
1,358
FW2605911.UP.FTS.B
,
17
.81
%
,
7/25/25
..
2,151
644
L2950494.UP.FTS.B
,
7
.36
%
,
9/14/25
....
543
539
FW2951887.UP.FTS.B
,
13
.49
%
,
9/14/25
..
588
587
L2951348.UP.FTS.B
,
13
.94
%
,
9/14/25
....
947
946
FW2951735.UP.FTS.B
,
15
.61
%
,
9/14/25
..
2,487
2,499
L2048994.UP.FTS.B
,
24
.16
%
,
9/15/25
....
891
892
L2297395.UP.FTS.B
,
17
.85
%
,
10/22/25
...
3,318
3,348
L2437139.UP.FTS.B
,
5
.87
%
,
11/18/25
....
380
377
L2436181.UP.FTS.B
,
20
.04
%
,
11/18/25
...
2,951
824
L2439081.UP.FTS.B
,
9
.27
%
,
11/27/25
....
2,509
2,503
FW2428997.UP.FTS.B
,
8
.05
%
,
11/28/25
..
1,227
1,223
L1714660.UP.FTS.B
,
8
.12
%
,
9/15/26
....
17,206
16,262
L1717453.UP.FTS.B
,
9
.3
%
,
9/15/26
.....
24,518
24,407
FW1716114.UP.FTS.B
,
10
.5
%
,
9/15/26
...
493
491
L1712309.UP.FTS.B
,
10
.63
%
,
9/15/26
....
1,994
1,991
L1714525.UP.FTS.B
,
12
.1
%
,
9/15/26
....
29,575
2,142
L1716286.UP.FTS.B
,
13
.58
%
,
9/15/26
....
7,747
7,739
L1718329.UP.FTS.B
,
15
.98
%
,
9/15/26
....
2,125
2,133
L1714475.UP.FTS.B
,
16
.18
%
,
9/15/26
....
3,194
3,184
L1716175.UP.FTS.B
,
19
.72
%
,
9/15/26
....
5,532
5,570
L1714787.UP.FTS.B
,
19
.9
%
,
9/15/26
....
989
1,000
L1716305.UP.FTS.B
,
19
.95
%
,
9/15/26
....
2,716
2,732
L1713636.UP.FTS.B
,
22
.84
%
,
9/15/26
....
2,402
2,430
L1717659.UP.FTS.B
,
24
.51
%
,
9/15/26
....
1,749
1,758
L1716148.UP.FTS.B
,
25
%
,
9/15/26
......
701
704
L1714798.UP.FTS.B
,
25
.5
%
,
9/15/26
....
2,994
3,042
L1717974.UP.FTS.B
,
25
.5
%
,
9/15/26
....
1,644
1,670
L1715574.UP.FTS.B
,
25
.72
%
,
9/15/26
....
3,999
4,063
L1713640.UP.FTS.B
,
26
.25
%
,
9/15/26
....
2,492
2,527
L1705442.UP.FTS.B
,
26
.69
%
,
9/15/26
....
4,160
4,227
FW1718296.UP.FTS.B
,
26
.73
%
,
9/15/26
..
4,356
4,418
FW1714570.UP.FTS.B
,
27
.72
%
,
9/15/26
..
4,790
4,868
FW1714502.UP.FTS.B
,
28
.45
%
,
9/15/26
..
5,011
5,091
FW1718304.UP.FTS.B
,
30
.56
%
,
9/15/26
..
1,723
1,750
FW1708223.UP.FTS.B
,
31
.43
%
,
9/15/26
..
2,358
2,396
FW1712750.UP.FTS.B
,
31
.43
%
,
9/15/26
..
11,199
11,358
FW1718952.UP.FTS.B
,
31
.98
%
,
9/15/26
..
4,859
4,937
FW1718497.UP.FTS.B
,
32
.01
%
,
9/15/26
..
1,433
1,457
FW1886121.UP.FTS.B
,
7
.36
%
,
10/20/26
..
1,980
1,966
L1888552.UP.FTS.B
,
7
.94
%
,
10/20/26
....
14,975
14,902
L1888883.UP.FTS.B
,
8
.11
%
,
10/20/26
....
6,426
6,398
L1882812.UP.FTS.B
,
8
.28
%
,
10/20/26
....
15,038
14,965
L1886838.UP.FTS.B
,
9
.58
%
,
10/20/26
....
4,884
1,239
L1885593.UP.FTS.B
,
10
.23
%
,
10/20/26
...
22,891
22,849
FW1885766.UP.FTS.B
,
12
.47
%
,
10/20/26
.
16,802
16,789
L1885346.UP.FTS.B
,
12
.58
%
,
10/20/26
...
1,562
1,561
L1885846.UP.FTS.B
,
13
.96
%
,
10/20/26
...
13,399
13,391
L1888251.UP.FTS.B
,
14
.9
%
,
10/20/26
....
1,702
1,625
L1883791.UP.FTS.B
,
16
%
,
10/20/26
.....
6,052
6,071
L1887062.UP.FTS.B
,
16
.6
%
,
10/20/26
....
2,747
2,767
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)
FW1887343.UP.FTS.B
,
17
.02
%
,
10/20/26
.
$
1,260
$
1,258
L1882034.UP.FTS.B
,
17
.06
%
,
10/20/26
...
2,774
2,794
FW1886267.UP.FTS.B
,
17
.53
%
,
10/20/26
.
5,799
5,831
L1884411.UP.FTS.B
,
17
.65
%
,
10/20/26
...
3,573
3,592
FW1885177.UP.FTS.B
,
19
.83
%
,
10/20/26
.
3,427
3,485
L1888979.UP.FTS.B
,
20
.2
%
,
10/20/26
....
10,324
10,477
L1886466.UP.FTS.B
,
20
.85
%
,
10/20/26
...
8,024
8,157
L1889370.UP.FTS.B
,
21
.62
%
,
10/20/26
...
5,820
5,852
L1886870.UP.FTS.B
,
21
.7
%
,
10/20/26
....
9,897
10,066
L1887570.UP.FTS.B
,
22
.24
%
,
10/20/26
...
1,874
1,901
L1887186.UP.FTS.B
,
23
.15
%
,
10/20/26
...
1,181
1,199
FW1888999.UP.FTS.B
,
23
.52
%
,
10/20/26
.
2,779
2,818
L1886386.UP.FTS.B
,
23
.7
%
,
10/20/26
....
3,207
3,255
L1882558.UP.FTS.B
,
25
.08
%
,
10/20/26
...
965
980
FW1887450.UP.FTS.B
,
25
.16
%
,
10/20/26
.
9,036
9,171
FW1885417.UP.FTS.B
,
25
.25
%
,
10/20/26
.
3,015
3,060
L1888117.UP.FTS.B
,
25
.32
%
,
10/20/26
...
2,474
2,511
L1865153.UP.FTS.B
,
25
.42
%
,
10/20/26
...
4,407
4,483
L1885219.UP.FTS.B
,
25
.47
%
,
10/20/26
...
653
98
L1888296.UP.FTS.B
,
25
.48
%
,
10/20/26
...
5,196
5,274
L1888453.UP.FTS.B
,
25
.56
%
,
10/20/26
...
9,630
9,794
L1885428.UP.FTS.B
,
25
.94
%
,
10/20/26
...
8,675
8,824
L1862311.UP.FTS.B
,
26
.09
%
,
10/20/26
...
4,858
4,941
FW1886962.UP.FTS.B
,
27
.78
%
,
10/20/26
.
6,171
6,277
FW1885184.UP.FTS.B
,
29
.51
%
,
10/20/26
.
8,400
8,545
FW1884150.UP.FTS.B
,
30
.85
%
,
10/20/26
.
716
719
FW1886189.UP.FTS.B
,
30
.94
%
,
10/20/26
.
2,227
2,260
FW1888248.UP.FTS.B
,
31
.19
%
,
10/20/26
.
8,067
8,166
FW1888517.UP.FTS.B
,
31
.21
%
,
10/20/26
.
1,273
1,295
FW1886674.UP.FTS.B
,
31
.35
%
,
10/20/26
.
2,923
2,966
FW1888130.UP.FTS.B
,
31
.35
%
,
10/20/26
.
828
841
L2047884.UP.FTS.B
,
7
.92
%
,
11/15/26
....
7,738
7,695
L2049043.UP.FTS.B
,
8
.02
%
,
11/15/26
....
8,770
8,726
L2048411.UP.FTS.B
,
8
.56
%
,
11/15/26
....
2,064
2,054
L2047237.UP.FTS.B
,
9
.32
%
,
11/15/26
....
3,669
3,651
FW2046704.UP.FTS.B
,
9
.53
%
,
11/15/26
..
7,883
7,844
L2048415.UP.FTS.B
,
9
.54
%
,
11/15/26
....
8,409
8,367
L2039266.UP.FTS.B
,
10
.56
%
,
11/15/26
...
2,028
2,017
L2047893.UP.FTS.B
,
10
.71
%
,
11/15/26
...
2,662
2,656
L2047021.UP.FTS.B
,
10
.99
%
,
11/15/26
...
19,884
19,842
L2047044.UP.FTS.B
,
11
.1
%
,
11/15/26
....
9,496
694
L2047288.UP.FTS.B
,
11
.81
%
,
11/15/26
...
701
698
FW2047068.UP.FTS.B
,
12
.14
%
,
11/15/26
.
565
562
L2048156.UP.FTS.B
,
13
.55
%
,
11/15/26
...
3,732
3,536
L2046597.UP.FTS.B
,
14
.02
%
,
11/15/26
...
11,055
11,032
L2047243.UP.FTS.B
,
14
.23
%
,
11/15/26
...
9,975
9,954
FW2047393.UP.FTS.B
,
14
.85
%
,
11/15/26
.
5,577
5,591
L2048500.UP.FTS.B
,
14
.96
%
,
11/15/26
...
14,075
14,036
FW2049034.UP.FTS.B
,
15
.15
%
,
11/15/26
.
3,601
3,609
L2048596.UP.FTS.B
,
15
.55
%
,
11/15/26
...
3,369
3,362
L2048855.UP.FTS.B
,
15
.99
%
,
11/15/26
...
5,281
5,284
FW2047282.UP.FTS.B
,
16
.13
%
,
11/15/26
.
1,861
1,848
L2045526.UP.FTS.B
,
16
.56
%
,
11/15/26
...
11,359
11,412
L2048386.UP.FTS.B
,
16
.67
%
,
11/15/26
...
5,783
5,790
L2048811.UP.FTS.B
,
16
.74
%
,
11/15/26
...
461
459
L2046948.UP.FTS.B
,
17
.39
%
,
11/15/26
...
8,598
8,619
L2046932.UP.FTS.B
,
17
.96
%
,
11/15/26
...
11,509
11,487
L2048349.UP.FTS.B
,
19
.37
%
,
11/15/26
...
5,141
754
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2049268.UP.FTS.B
,
19
.7
%
,
11/15/26
....
$
4,106
$
4,125
L2047722.UP.FTS.B
,
19
.71
%
,
11/15/26
...
5,815
5,827
L2049153.UP.FTS.B
,
19
.94
%
,
11/15/26
...
5,881
5,963
L2047238.UP.FTS.B
,
20
.7
%
,
11/15/26
....
6,033
6,053
FW2047226.UP.FTS.B
,
20
.73
%
,
11/15/26
.
2,964
2,978
L2047279.UP.FTS.B
,
20
.87
%
,
11/15/26
...
5,342
5,416
L2047474.UP.FTS.B
,
21
.16
%
,
11/15/26
...
7,115
7,212
L2048606.UP.FTS.B
,
21
.48
%
,
11/15/26
...
6,039
6,112
L2047175.UP.FTS.B
,
21
.59
%
,
11/15/26
...
728
737
L2047532.UP.FTS.B
,
21
.84
%
,
11/15/26
...
2,996
3,037
L2047358.UP.FTS.B
,
21
.89
%
,
11/15/26
...
2,996
3,038
L2047197.UP.FTS.B
,
21
.93
%
,
11/15/26
...
6,536
6,566
FW2047187.UP.FTS.B
,
22
.1
%
,
11/15/26
..
9,608
9,741
FW2049063.UP.FTS.B
,
22
.49
%
,
11/15/26
.
16,886
16,962
FW2047777.UP.FTS.B
,
22
.57
%
,
11/15/26
.
2,161
614
L2047210.UP.FTS.B
,
23
.31
%
,
11/15/26
...
5,467
5,542
L2048190.UP.FTS.B
,
23
.66
%
,
11/15/26
...
8,008
8,106
FW2047866.UP.FTS.B
,
23
.86
%
,
11/15/26
.
3,387
3,228
L2046912.UP.FTS.B
,
23
.87
%
,
11/15/26
...
2,043
1,971
L2048336.UP.FTS.B
,
24
.12
%
,
11/15/26
...
2,439
2,471
FW2034466.UP.FTS.B
,
24
.37
%
,
11/15/26
.
1,718
1,742
L2047240.UP.FTS.B
,
24
.44
%
,
11/15/26
...
4,231
4,253
L2047586.UP.FTS.B
,
24
.7
%
,
11/15/26
....
1,416
1,435
L2019591.UP.FTS.B
,
24
.92
%
,
11/15/26
...
5,598
5,613
L2047926.UP.FTS.B
,
25
.21
%
,
11/15/26
...
9,710
696
L2047674.UP.FTS.B
,
25
.3
%
,
11/15/26
....
2,445
2,477
L2048978.UP.FTS.B
,
25
.37
%
,
11/15/26
...
6,191
6,276
L2049419.UP.FTS.B
,
25
.38
%
,
11/15/26
...
675
679
L2048909.UP.FTS.B
,
25
.5
%
,
11/15/26
....
1,612
1,634
L2043947.UP.FTS.B
,
25
.57
%
,
11/15/26
...
1,489
1,509
FW2027220.UP.FTS.B
,
25
.94
%
,
11/15/26
.
1,058
1,073
FW2047100.UP.FTS.B
,
26
.77
%
,
11/15/26
.
1,881
1,907
FW2045584.UP.FTS.B
,
27
.07
%
,
11/15/26
.
3,999
4,050
FW2048599.UP.FTS.B
,
28
.16
%
,
11/15/26
.
619
611
FW2047988.UP.FTS.B
,
29
.5
%
,
11/15/26
..
5,341
5,412
FW2047468.UP.FTS.B
,
30
.8
%
,
11/15/26
..
1,214
1,216
FW2049349.UP.FTS.B
,
30
.81
%
,
11/15/26
.
1,039
1,053
FW2049409.UP.FTS.B
,
31
.09
%
,
11/15/26
.
6,621
6,702
FW1979816.UP.FTS.B
,
31
.12
%
,
11/15/26
.
1,838
1,860
FW2046950.UP.FTS.B
,
31
.12
%
,
11/15/26
.
4,882
4,949
FW2048800.UP.FTS.B
,
31
.12
%
,
11/15/26
.
1,986
2,011
FW2048749.UP.FTS.B
,
31
.13
%
,
11/15/26
.
1,672
1,694
FW2047818.UP.FTS.B
,
31
.21
%
,
11/15/26
.
2,089
2,113
FW2047594.UP.FTS.B
,
31
.24
%
,
11/15/26
.
948
954
FW2048610.UP.FTS.B
,
31
.92
%
,
11/15/26
.
4,258
4,316
FW2096102.UP.FTS.B
,
7
.51
%
,
11/22/26
..
4,347
4,328
L2094764.UP.FTS.B
,
11
.93
%
,
11/22/26
...
1,585
1,583
FW2094906.UP.FTS.B
,
12
.24
%
,
11/22/26
.
1,509
1,432
FW2083090.UP.FTS.B
,
12
.64
%
,
11/22/26
.
515
514
L2094888.UP.FTS.B
,
12
.99
%
,
11/22/26
...
820
819
L2095193.UP.FTS.B
,
13
.04
%
,
11/22/26
...
3,938
3,737
L2095349.UP.FTS.B
,
13
.57
%
,
11/22/26
...
2,450
636
L2094766.UP.FTS.B
,
16
.38
%
,
11/22/26
...
2,268
2,278
FW2095326.UP.FTS.B
,
16
.9
%
,
11/22/26
..
2,851
2,863
L2095105.UP.FTS.B
,
17
.31
%
,
11/22/26
...
12,691
12,118
FW2094890.UP.FTS.B
,
17
.34
%
,
11/22/26
.
8,590
8,626
FW2096292.UP.FTS.B
,
18
.39
%
,
11/22/26
.
4,978
5,012
L2094851.UP.FTS.B
,
18
.61
%
,
11/22/26
...
26,500
26,606
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)
FW2096280.UP.FTS.B
,
19
.26
%
,
11/22/26
.
$
5,779
$
5,871
L2096899.UP.FTS.B
,
19
.33
%
,
11/22/26
...
9,347
9,163
L2096144.UP.FTS.B
,
19
.54
%
,
11/22/26
...
8,721
8,778
L2095820.UP.FTS.B
,
19
.69
%
,
11/22/26
...
6,382
6,423
FW2094159.UP.FTS.B
,
20
.44
%
,
11/22/26
.
5,554
5,592
FW2096571.UP.FTS.B
,
21
.28
%
,
11/22/26
.
1,978
116
L2095646.UP.FTS.B
,
21
.32
%
,
11/22/26
...
883
887
L2096760.UP.FTS.B
,
21
.84
%
,
11/22/26
...
6,589
6,698
L2094894.UP.FTS.B
,
22
.2
%
,
11/22/26
....
796
795
FW2095395.UP.FTS.B
,
22
.89
%
,
11/22/26
.
1,090
1,098
FW2096115.UP.FTS.B
,
23
.24
%
,
11/22/26
.
1,943
1,975
FW2024402.UP.FTS.B
,
24
.5
%
,
11/22/26
..
7,370
7,492
L2094789.UP.FTS.B
,
24
.85
%
,
11/22/26
...
12,238
12,436
L2094507.UP.FTS.B
,
25
.13
%
,
11/22/26
...
804
809
L2094312.UP.FTS.B
,
25
.16
%
,
11/22/26
...
18,659
18,967
L2096356.UP.FTS.B
,
25
.27
%
,
11/22/26
...
619
629
L2093956.UP.FTS.B
,
25
.33
%
,
11/22/26
...
2,136
2,071
FW2095277.UP.FTS.B
,
25
.75
%
,
11/22/26
.
9,319
9,473
L2094270.UP.FTS.B
,
25
.87
%
,
11/22/26
...
1,990
2,023
FW2096631.UP.FTS.B
,
26
.76
%
,
11/22/26
.
2,382
2,416
FW2095637.UP.FTS.B
,
26
.8
%
,
11/22/26
..
2,382
2,415
FW2094585.UP.FTS.B
,
27
.16
%
,
11/22/26
.
3,290
3,183
FW2094718.UP.FTS.B
,
27
.18
%
,
11/22/26
.
7,207
513
FW2073665.UP.FTS.B
,
27
.21
%
,
11/22/26
.
2,918
208
L2096054.UP.FTS.B
,
27
.38
%
,
11/22/26
...
2,081
2,115
L2096384.UP.FTS.B
,
27
.83
%
,
11/22/26
...
5,822
5,919
FW2096342.UP.FTS.B
,
28
.48
%
,
11/22/26
.
3,273
3,165
FW2094402.UP.FTS.B
,
28
.65
%
,
11/22/26
.
2,254
2,179
FW2096376.UP.FTS.B
,
29
.09
%
,
11/22/26
.
3,557
3,614
FW2095953.UP.FTS.B
,
29
.33
%
,
11/22/26
.
25
25
FW2094834.UP.FTS.B
,
29
.86
%
,
11/22/26
.
3,220
3,273
FW2096279.UP.FTS.B
,
30
.8
%
,
11/22/26
..
779
792
FW2094660.UP.FTS.B
,
31
.22
%
,
11/22/26
.
7,043
7,157
FW2096663.UP.FTS.B
,
31
.48
%
,
11/22/26
.
3,271
3,318
FW2089645.UP.FTS.B
,
31
.75
%
,
11/22/26
.
6,215
6,317
L2046907.UP.FTS.B
,
21
.17
%
,
11/28/26
...
2,205
2,211
L2096773.UP.FTS.B
,
24
.83
%
,
12/03/26
...
1,840
1,869
L2096134.UP.FTS.B
,
22
.43
%
,
12/06/26
...
4,060
4,074
FW2295931.UP.FTS.B
,
5
.9
%
,
12/21/26
...
7,814
7,757
FW2293082.UP.FTS.B
,
6
.16
%
,
12/21/26
..
2,342
2,325
FW2293764.UP.FTS.B
,
6
.23
%
,
12/21/26
..
11,871
11,175
L2296513.UP.FTS.B
,
7
.11
%
,
12/21/26
....
2,142
288
FW2293501.UP.FTS.B
,
7
.39
%
,
12/21/26
..
3,916
3,897
L2292686.UP.FTS.B
,
7
.74
%
,
12/21/26
....
1,595
1,587
L2295874.UP.FTS.B
,
7
.93
%
,
12/21/26
....
3,801
3,782
L2293167.UP.FTS.B
,
8
.19
%
,
12/21/26
....
4,273
4,253
L2295697.UP.FTS.B
,
8
.34
%
,
12/21/26
....
642
639
FW2294735.UP.FTS.B
,
8
.57
%
,
12/21/26
..
2,358
180
L2295880.UP.FTS.B
,
8
.72
%
,
12/21/26
....
1,612
1,605
L2295310.UP.FTS.B
,
9
.3
%
,
12/21/26
....
4,132
4,112
L2294640.UP.FTS.B
,
9
.73
%
,
12/21/26
....
1,626
1,621
L2294345.UP.FTS.B
,
12
.41
%
,
12/21/26
...
4,759
4,752
L2288385.UP.FTS.B
,
12
.86
%
,
12/21/26
...
2,817
2,809
L2295080.UP.FTS.B
,
13
.33
%
,
12/21/26
...
3,047
3,030
L2294220.UP.FTS.B
,
13
.69
%
,
12/21/26
...
3,506
3,321
L2294373.UP.FTS.B
,
13
.7
%
,
12/21/26
....
3,009
3,004
L2294790.UP.FTS.B
,
13
.78
%
,
12/21/26
...
3,505
3,496
FW2293923.UP.FTS.B
,
16
.04
%
,
12/21/26
.
1,996
1,987
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2294540.UP.FTS.B
,
16
.91
%
,
12/21/26
...
$
1,197
$
86
FW2293821.UP.FTS.B
,
17
.3
%
,
12/21/26
..
868
864
L2296049.UP.FTS.B
,
17
.33
%
,
12/21/26
...
2,948
2,957
L2293602.UP.FTS.B
,
17
.68
%
,
12/21/26
...
6,193
6,212
L2295430.UP.FTS.B
,
18
.6
%
,
12/21/26
....
9,108
8,710
L2295608.UP.FTS.B
,
18
.98
%
,
12/21/26
...
5,987
6,019
FW2293617.UP.FTS.B
,
19
.06
%
,
12/21/26
.
4,197
4,210
FW2294886.UP.FTS.B
,
19
.07
%
,
12/21/26
.
1,180
1,183
FW2293806.UP.FTS.B
,
19
.41
%
,
12/21/26
.
4,765
4,778
L2296294.UP.FTS.B
,
19
.65
%
,
12/21/26
...
999
978
FW2289691.UP.FTS.B
,
20
.05
%
,
12/21/26
.
3,027
3,073
L2293347.UP.FTS.B
,
20
.07
%
,
12/21/26
...
18,164
18,262
L2293707.UP.FTS.B
,
21
.03
%
,
12/21/26
...
4,584
4,609
L2295159.UP.FTS.B
,
21
.2
%
,
12/21/26
....
2,020
2,050
L2294842.UP.FTS.B
,
21
.22
%
,
12/21/26
...
3,061
3,108
L2296434.UP.FTS.B
,
21
.52
%
,
12/21/26
...
1,535
1,543
FW2296031.UP.FTS.B
,
22
.11
%
,
12/21/26
.
3,252
233
L2296037.UP.FTS.B
,
22
.38
%
,
12/21/26
...
3,025
3,067
L2286942.UP.FTS.B
,
22
.51
%
,
12/21/26
...
1,390
1,409
L2293386.UP.FTS.B
,
22
.55
%
,
12/21/26
...
4,959
5,034
L2294767.UP.FTS.B
,
23
.15
%
,
12/21/26
...
1,630
1,652
FW2296289.UP.FTS.B
,
23
.69
%
,
12/21/26
.
4,204
4,156
L2296095.UP.FTS.B
,
23
.73
%
,
12/21/26
...
6,209
6,300
FW2295460.UP.FTS.B
,
23
.88
%
,
12/21/26
.
17,394
16,628
L2295502.UP.FTS.B
,
23
.94
%
,
12/21/26
...
6,759
134
L2295515.UP.FTS.B
,
24
.19
%
,
12/21/26
...
9,438
9,581
L2295990.UP.FTS.B
,
24
.34
%
,
12/21/26
...
2,703
2,740
L2293012.UP.FTS.B
,
24
.54
%
,
12/21/26
...
1,894
1,904
L2293989.UP.FTS.B
,
24
.69
%
,
12/21/26
...
1,896
1,924
L2294601.UP.FTS.B
,
24
.7
%
,
12/21/26
....
31,598
32,075
FW2296310.UP.FTS.B
,
24
.81
%
,
12/21/26
.
2,302
163
L2246443.UP.FTS.B
,
25
.23
%
,
12/21/26
...
703
712
L2295322.UP.FTS.B
,
25
.28
%
,
12/21/26
...
2,749
2,788
L2296171.UP.FTS.B
,
25
.41
%
,
12/21/26
...
1,463
1,485
L2294392.UP.FTS.B
,
25
.44
%
,
12/21/26
...
12,297
12,455
L2287500.UP.FTS.B
,
25
.45
%
,
12/21/26
...
4,116
4,177
L2292073.UP.FTS.B
,
25
.46
%
,
12/21/26
...
1,909
1,938
L2295101.UP.FTS.B
,
25
.65
%
,
12/21/26
...
1,668
1,648
FW2296329.UP.FTS.B
,
27
.9
%
,
12/21/26
..
2,361
2,395
FW2294924.UP.FTS.B
,
28
.38
%
,
12/21/26
.
3,784
3,841
L2296578.UP.FTS.B
,
28
.56
%
,
12/21/26
...
3,630
254
FW2294602.UP.FTS.B
,
28
.58
%
,
12/21/26
.
484
34
FW2295693.UP.FTS.B
,
29
.44
%
,
12/21/26
.
862
–
FW2294300.UP.FTS.B
,
29
.67
%
,
12/21/26
.
3,303
3,346
FW2293867.UP.FTS.B
,
30
.1
%
,
12/21/26
..
7,507
522
FW2293261.UP.FTS.B
,
30
.26
%
,
12/21/26
.
729
740
FW2295156.UP.FTS.B
,
30
.61
%
,
12/21/26
.
1,452
1,403
FW2296110.UP.FTS.B
,
30
.89
%
,
12/21/26
.
737
747
FW2294105.UP.FTS.B
,
30
.94
%
,
12/21/26
.
8,471
8,583
FW2295248.UP.FTS.B
,
30
.94
%
,
12/21/26
.
2,553
2,587
FW2293727.UP.FTS.B
,
31
.05
%
,
12/21/26
.
985
999
FW2293310.UP.FTS.B
,
31
.11
%
,
12/21/26
.
1,201
1,219
FW2295496.UP.FTS.B
,
31
.18
%
,
12/21/26
.
1,803
1,830
FW2293684.UP.FTS.B
,
31
.29
%
,
12/21/26
.
2,005
2,035
L2298042.UP.FTS.B
,
5
.42
%
,
12/22/26
....
5,171
5,135
FW2296838.UP.FTS.B
,
5
.56
%
,
12/22/26
..
7,545
554
L2300162.UP.FTS.B
,
5
.78
%
,
12/22/26
....
779
774
L2298149.UP.FTS.B
,
5
.81
%
,
12/22/26
....
24,418
24,244
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)
L2298867.UP.FTS.B
,
6
.47
%
,
12/22/26
....
$
7,598
$
7,544
L2298677.UP.FTS.B
,
6
.71
%
,
12/22/26
....
1,834
1,821
FW2298647.UP.FTS.B
,
6
.85
%
,
12/22/26
..
26,291
26,114
L2296512.UP.FTS.B
,
6
.86
%
,
12/22/26
....
15,779
15,673
FW2299026.UP.FTS.B
,
7
.03
%
,
12/22/26
..
2,635
2,622
L2299006.UP.FTS.B
,
7
.25
%
,
12/22/26
....
8,411
8,369
L2298624.UP.FTS.B
,
7
.52
%
,
12/22/26
....
18,517
18,436
L2300059.UP.FTS.B
,
7
.96
%
,
12/22/26
....
2,654
2,642
FW2297741.UP.FTS.B
,
8
.43
%
,
12/22/26
..
3,214
3,200
L2296751.UP.FTS.B
,
9
.09
%
,
12/22/26
....
3,238
3,224
FW2300319.UP.FTS.B
,
9
.33
%
,
12/22/26
..
2,273
2,262
L2275171.UP.FTS.B
,
9
.45
%
,
12/22/26
....
1,354
1,349
FW2275119.UP.FTS.B
,
10
.09
%
,
12/22/26
.
16,374
16,306
L2261699.UP.FTS.B
,
10
.41
%
,
12/22/26
...
2,191
2,182
L2299578.UP.FTS.B
,
10
.73
%
,
12/22/26
...
2,418
2,415
L2296896.UP.FTS.B
,
10
.8
%
,
12/22/26
....
1,651
1,647
L2296884.UP.FTS.B
,
10
.85
%
,
12/22/26
...
5,505
5,499
FW2300491.UP.FTS.B
,
11
.05
%
,
12/22/26
.
1,539
1,537
L2300049.UP.FTS.B
,
11
.22
%
,
12/22/26
...
13,817
13,801
L2299162.UP.FTS.B
,
11
.99
%
,
12/22/26
...
6,620
6,611
L2296860.UP.FTS.B
,
12
.01
%
,
12/22/26
...
4,153
4,119
L2288091.UP.FTS.B
,
12
.04
%
,
12/22/26
...
5,577
5,571
L2296913.UP.FTS.B
,
12
.48
%
,
12/22/26
...
5,901
5,736
FW2296819.UP.FTS.B
,
12
.8
%
,
12/22/26
..
562
562
L2297301.UP.FTS.B
,
13
.19
%
,
12/22/26
...
2,796
2,792
L2297394.UP.FTS.B
,
13
.43
%
,
12/22/26
...
2,264
2,262
FW2295002.UP.FTS.B
,
13
.45
%
,
12/22/26
.
963
962
L2298273.UP.FTS.B
,
13
.81
%
,
12/22/26
...
17,621
1,267
FW2297621.UP.FTS.B
,
13
.91
%
,
12/22/26
.
1,322
1,285
L2297583.UP.FTS.B
,
14
.22
%
,
12/22/26
...
10,692
10,671
FW2296544.UP.FTS.B
,
14
.31
%
,
12/22/26
.
2,858
2,852
L2296608.UP.FTS.B
,
15
.19
%
,
12/22/26
...
9,745
9,736
L2298101.UP.FTS.B
,
15
.46
%
,
12/22/26
...
2,446
2,441
FW2298689.UP.FTS.B
,
15
.52
%
,
12/22/26
.
10,128
10,166
FW2298989.UP.FTS.B
,
15
.65
%
,
12/22/26
.
4,353
4,362
L2300266.UP.FTS.B
,
15
.81
%
,
12/22/26
...
12,593
12,582
L2297545.UP.FTS.B
,
16
.01
%
,
12/22/26
...
2,526
355
L2297702.UP.FTS.B
,
16
.54
%
,
12/22/26
...
835
837
FW2296844.UP.FTS.B
,
16
.78
%
,
12/22/26
.
1,423
1,428
FW2242642.UP.FTS.B
,
17
.23
%
,
12/22/26
.
4,087
4,102
L2297622.UP.FTS.B
,
17
.73
%
,
12/22/26
...
3,311
3,304
FW2298313.UP.FTS.B
,
17
.76
%
,
12/22/26
.
8,999
9,034
L2297195.UP.FTS.B
,
18
.28
%
,
12/22/26
...
17,919
1,280
L2297949.UP.FTS.B
,
18
.76
%
,
12/22/26
...
2,391
2,407
FW2298046.UP.FTS.B
,
19
.21
%
,
12/22/26
.
6,007
6,045
FW2299900.UP.FTS.B
,
19
.29
%
,
12/22/26
.
29,606
28,980
L2296627.UP.FTS.B
,
19
.74
%
,
12/22/26
...
3,021
3,027
L2298737.UP.FTS.B
,
20
.98
%
,
12/22/26
...
3,054
3,074
L2300374.UP.FTS.B
,
21
.31
%
,
12/22/26
...
1,818
1,846
L2296777.UP.FTS.B
,
21
.4
%
,
12/22/26
....
6,135
6,220
FW2298033.UP.FTS.B
,
21
.61
%
,
12/22/26
.
10,139
10,203
L2299056.UP.FTS.B
,
22
%
,
12/22/26
.....
3,577
3,635
L2298829.UP.FTS.B
,
22
.17
%
,
12/22/26
...
3,666
3,678
FW2297460.UP.FTS.B
,
22
.74
%
,
12/22/26
.
32,151
31,089
L2300367.UP.FTS.B
,
22
.94
%
,
12/22/26
...
1,244
1,252
L2296515.UP.FTS.B
,
22
.98
%
,
12/22/26
...
1,867
1,897
L2298974.UP.FTS.B
,
23
.47
%
,
12/22/26
...
1,125
1,132
FW2300425.UP.FTS.B
,
23
.57
%
,
12/22/26
.
6,257
6,358
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2296775.UP.FTS.B
,
23
.9
%
,
12/22/26
....
$
2,824
$
2,870
L2298860.UP.FTS.B
,
23
.92
%
,
12/22/26
...
9,413
9,565
L2296638.UP.FTS.B
,
23
.96
%
,
12/22/26
...
620
629
L2297604.UP.FTS.B
,
24
.33
%
,
12/22/26
...
945
960
L2299447.UP.FTS.B
,
24
.64
%
,
12/22/26
...
1,264
1,282
FW2295512.UP.FTS.B
,
25
.12
%
,
12/22/26
.
4,768
4,759
L2282956.UP.FTS.B
,
25
.27
%
,
12/22/26
...
317
315
L2292373.UP.FTS.B
,
25
.33
%
,
12/22/26
...
1,080
1,087
L2297988.UP.FTS.B
,
25
.38
%
,
12/22/26
...
513
514
L2296962.UP.FTS.B
,
25
.46
%
,
12/22/26
...
2,171
2,202
L2298544.UP.FTS.B
,
25
.47
%
,
12/22/26
...
3,142
3,192
L2298179.UP.FTS.B
,
25
.49
%
,
12/22/26
...
2,927
2,975
L2297795.UP.FTS.B
,
26
.01
%
,
12/22/26
...
8,185
8,318
L2296379.UP.FTS.B
,
26
.17
%
,
12/22/26
...
6,403
6,507
FW2299410.UP.FTS.B
,
26
.2
%
,
12/22/26
..
4,178
1,221
FW2298545.UP.FTS.B
,
26
.68
%
,
12/22/26
.
8,747
8,889
FW2298735.UP.FTS.B
,
26
.94
%
,
12/22/26
.
9,271
9,313
FW2299436.UP.FTS.B
,
27
.39
%
,
12/22/26
.
2,674
2,715
FW2296934.UP.FTS.B
,
28
.08
%
,
12/22/26
.
3,709
3,770
FW2297196.UP.FTS.B
,
28
.3
%
,
12/22/26
..
7,273
509
FW2298568.UP.FTS.B
,
28
.54
%
,
12/22/26
.
4,967
5,048
FW2297886.UP.FTS.B
,
29
.13
%
,
12/22/26
.
2,219
6
FW2297392.UP.FTS.B
,
29
.67
%
,
12/22/26
.
1,223
1,234
FW2298522.UP.FTS.B
,
29
.71
%
,
12/22/26
.
2,312
2,344
FW2296795.UP.FTS.B
,
30
.46
%
,
12/22/26
.
996
1,012
FW2299169.UP.FTS.B
,
30
.82
%
,
12/22/26
.
2,732
2,771
FW2281021.UP.FTS.B
,
30
.86
%
,
12/22/26
.
3,737
3,790
FW2299939.UP.FTS.B
,
30
.93
%
,
12/22/26
.
733
745
FW2297499.UP.FTS.B
,
30
.95
%
,
12/22/26
.
733
745
FW2300108.UP.FTS.B
,
31
.04
%
,
12/22/26
.
867
881
FW2298345.UP.FTS.B
,
31
.12
%
,
12/22/26
.
425
423
FW2298159.UP.FTS.B
,
31
.15
%
,
12/22/26
.
1,936
1,967
FW2296911.UP.FTS.B
,
31
.17
%
,
12/22/26
.
785
794
FW2299655.UP.FTS.B
,
31
.17
%
,
12/22/26
.
2,850
845
FW2294359.UP.FTS.B
,
31
.33
%
,
12/22/26
.
34,246
33,101
FW2300018.UP.FTS.B
,
31
.65
%
,
12/22/26
.
3,686
3,746
L2293224.UP.FTS.B
,
25
.74
%
,
1/05/27
....
1,169
1,184
L2297168.UP.FTS.B
,
9
.21
%
,
1/06/27
....
2,795
2,782
L2424153.UP.FTS.B
,
4
.86
%
,
1/13/27
....
26,041
25,852
L2426247.UP.FTS.B
,
4
.87
%
,
1/13/27
....
8,277
8,215
L2424670.UP.FTS.B
,
5
.86
%
,
1/13/27
....
5,094
5,058
L2425940.UP.FTS.B
,
5
.96
%
,
1/13/27
....
10,700
10,624
L2427954.UP.FTS.B
,
5
.98
%
,
1/13/27
....
16,112
15,998
FW2418004.UP.FTS.B
,
6
.27
%
,
1/13/27
...
16,007
15,893
FW2426682.UP.FTS.B
,
6
.38
%
,
1/13/27
...
8,406
4,415
L2424813.UP.FTS.B
,
6
.62
%
,
1/13/27
....
9,738
9,669
L2426387.UP.FTS.B
,
7
.28
%
,
1/13/27
....
2,453
2,436
FW2427607.UP.FTS.B
,
7
.35
%
,
1/13/27
...
8,675
8,630
L2425992.UP.FTS.B
,
7
.55
%
,
1/13/27
....
2,898
2,878
L2426489.UP.FTS.B
,
7
.81
%
,
1/13/27
....
6,580
6,546
L2427644.UP.FTS.B
,
7
.93
%
,
1/13/27
....
1,372
1,365
FW2427445.UP.FTS.B
,
7
.98
%
,
1/13/27
...
4,395
4,372
L2424761.UP.FTS.B
,
8
.01
%
,
1/13/27
....
3,059
3,041
L2426445.UP.FTS.B
,
8
.42
%
,
1/13/27
....
1,572
1,563
FW2426523.UP.FTS.B
,
8
.45
%
,
1/13/27
...
2,232
2,217
L2427091.UP.FTS.B
,
8
.49
%
,
1/13/27
....
3,867
3,847
L2400286.UP.FTS.B
,
8
.75
%
,
1/13/27
....
4,078
4,057
L2424441.UP.FTS.B
,
8
.96
%
,
1/13/27
....
623
618
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)
FW2426991.UP.FTS.B
,
9
.24
%
,
1/13/27
...
$
3,342
$
3,326
L2427076.UP.FTS.B
,
9
.69
%
,
1/13/27
....
4,711
4,684
L2427657.UP.FTS.B
,
9
.7
%
,
1/13/27
.....
847
839
L2425208.UP.FTS.B
,
9
.97
%
,
1/13/27
....
3,930
3,910
L2428214.UP.FTS.B
,
10
.52
%
,
1/13/27
....
1,526
1,518
L2423014.UP.FTS.B
,
10
.64
%
,
1/13/27
....
15,266
15,191
FW2425681.UP.FTS.B
,
11
.84
%
,
1/13/27
..
17,489
17,440
L2423675.UP.FTS.B
,
12
.15
%
,
1/13/27
....
3,589
3,578
L2426346.UP.FTS.B
,
13
.31
%
,
1/13/27
....
2,507
2,486
FW2426488.UP.FTS.B
,
14
.89
%
,
1/13/27
..
4,100
4,089
L2428411.UP.FTS.B
,
15
.14
%
,
1/13/27
....
2,843
2,847
FW2398372.UP.FTS.B
,
15
.37
%
,
1/13/27
..
7,005
7,013
FW2412323.UP.FTS.B
,
15
.91
%
,
1/13/27
..
6,008
5,989
L2406518.UP.FTS.B
,
16
%
,
1/13/27
......
2,988
2,991
L2426798.UP.FTS.B
,
16
.24
%
,
1/13/27
....
9,583
9,561
L2428444.UP.FTS.B
,
16
.71
%
,
1/13/27
....
3,610
3,614
FW2428748.UP.FTS.B
,
17
.09
%
,
1/13/27
..
6,038
6,045
L2425118.UP.FTS.B
,
17
.11
%
,
1/13/27
....
4,228
4,240
FW2423151.UP.FTS.B
,
17
.2
%
,
1/13/27
...
2,660
2,668
L2428394.UP.FTS.B
,
17
.4
%
,
1/13/27
....
3,430
3,428
FW2425055.UP.FTS.B
,
17
.43
%
,
1/13/27
..
9,937
9,966
L2423964.UP.FTS.B
,
18
.15
%
,
1/13/27
....
4,270
4,282
L2428498.UP.FTS.B
,
18
.5
%
,
1/13/27
....
3,480
196
L2428454.UP.FTS.B
,
18
.63
%
,
1/13/27
....
4,615
4,619
L2422983.UP.FTS.B
,
19
.45
%
,
1/13/27
....
17,879
10,098
L2424684.UP.FTS.B
,
20
.1
%
,
1/13/27
....
3,685
3,728
L2426770.UP.FTS.B
,
20
.84
%
,
1/13/27
....
9,382
9,498
L2427912.UP.FTS.B
,
21
.34
%
,
1/13/27
....
629
636
FW2427047.UP.FTS.B
,
22
.2
%
,
1/13/27
...
13,807
13,978
L2428658.UP.FTS.B
,
22
.41
%
,
1/13/27
....
7,146
4,221
L2395761.UP.FTS.B
,
22
.53
%
,
1/13/27
....
19,055
19,292
L2425900.UP.FTS.B
,
23
.2
%
,
1/13/27
....
5,966
1,692
L2422984.UP.FTS.B
,
23
.24
%
,
1/13/27
....
8,379
8,461
L2425886.UP.FTS.B
,
24
.76
%
,
1/13/27
....
3,392
968
L2404751.UP.FTS.B
,
24
.81
%
,
1/13/27
....
11,662
11,807
L2422250.UP.FTS.B
,
25
.13
%
,
1/13/27
....
2,014
2,039
L2423497.UP.FTS.B
,
25
.16
%
,
1/13/27
....
1,039
1,052
L2399706.UP.FTS.B
,
25
.18
%
,
1/13/27
....
9,733
5,758
FW2428740.UP.FTS.B
,
25
.25
%
,
1/13/27
..
2,600
2,633
L2427874.UP.FTS.B
,
25
.33
%
,
1/13/27
....
483
479
L2425077.UP.FTS.B
,
25
.43
%
,
1/13/27
....
2,971
2,951
L2424771.UP.FTS.B
,
25
.96
%
,
1/13/27
....
1,439
1,457
FW2424834.UP.FTS.B
,
26
.08
%
,
1/13/27
..
3,536
3,580
FW2425245.UP.FTS.B
,
26
.25
%
,
1/13/27
..
1,049
1,062
FW2426259.UP.FTS.B
,
26
.65
%
,
1/13/27
..
3,291
3,332
FW2428725.UP.FTS.B
,
26
.68
%
,
1/13/27
..
560
555
FW2425948.UP.FTS.B
,
27
.28
%
,
1/13/27
..
4,629
4,687
FW2424326.UP.FTS.B
,
27
.8
%
,
1/13/27
...
6,754
1,927
FW2422977.UP.FTS.B
,
28
.17
%
,
1/13/27
..
13,081
13,231
FW2425791.UP.FTS.B
,
29
.41
%
,
1/13/27
..
2,120
2,138
FW2426907.UP.FTS.B
,
29
.43
%
,
1/13/27
..
26,575
26,803
FW2423451.UP.FTS.B
,
30
.19
%
,
1/13/27
..
677
685
FW2426985.UP.FTS.B
,
30
.26
%
,
1/13/27
..
22,288
22,540
FW2427875.UP.FTS.B
,
30
.3
%
,
1/13/27
...
635
641
FW2423548.UP.FTS.B
,
30
.41
%
,
1/13/27
..
1,762
1,784
FW2425371.UP.FTS.B
,
30
.51
%
,
1/13/27
..
1,357
1,374
FW2423407.UP.FTS.B
,
30
.57
%
,
1/13/27
..
1,483
1,498
FW2425795.UP.FTS.B
,
30
.94
%
,
1/13/27
..
2,778
2,811
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2425961.UP.FTS.B
,
31
.09
%
,
1/13/27
..
$
749
$
759
FW2423715.UP.FTS.B
,
32
.57
%
,
1/13/27
..
689
698
FW2432124.UP.FTS.B
,
5
.02
%
,
1/14/27
...
26,558
26,368
L2429437.UP.FTS.B
,
5
.17
%
,
1/14/27
....
6,250
6,204
L2435082.UP.FTS.B
,
5
.24
%
,
1/14/27
....
14,432
14,329
L2435136.UP.FTS.B
,
5
.4
%
,
1/14/27
.....
5,601
5,561
L2435334.UP.FTS.B
,
5
.79
%
,
1/14/27
....
1,661
1,650
L2428794.UP.FTS.B
,
5
.98
%
,
1/14/27
....
8,055
7,998
FW2431037.UP.FTS.B
,
6
.01
%
,
1/14/27
...
2,149
2,134
FW2434481.UP.FTS.B
,
6
.18
%
,
1/14/27
...
5,113
5,077
L2434868.UP.FTS.B
,
6
.25
%
,
1/14/27
....
5,926
5,884
L2433278.UP.FTS.B
,
6
.42
%
,
1/14/27
....
7,555
7,502
L2434814.UP.FTS.B
,
6
.49
%
,
1/14/27
....
1,404
1,395
L2432301.UP.FTS.B
,
6
.51
%
,
1/14/27
....
2,702
2,683
L2431798.UP.FTS.B
,
6
.68
%
,
1/14/27
....
7,496
7,442
FW2429354.UP.FTS.B
,
6
.79
%
,
1/14/27
...
26,616
26,428
FW2430872.UP.FTS.B
,
6
.87
%
,
1/14/27
...
2,186
159
L2432901.UP.FTS.B
,
6
.93
%
,
1/14/27
....
10,303
10,231
FW2430681.UP.FTS.B
,
7
.21
%
,
1/14/27
...
17,410
17,289
L2429292.UP.FTS.B
,
7
.41
%
,
1/14/27
....
6,550
6,517
L2430454.UP.FTS.B
,
7
.62
%
,
1/14/27
....
7,504
7,465
L2433097.UP.FTS.B
,
7
.62
%
,
1/14/27
....
20,907
20,798
L2434635.UP.FTS.B
,
7
.74
%
,
1/14/27
....
11,613
11,554
L2433991.UP.FTS.B
,
7
.94
%
,
1/14/27
....
3,679
3,659
L2429715.UP.FTS.B
,
8
.3
%
,
1/14/27
.....
2,205
2,194
L2434529.UP.FTS.B
,
8
.37
%
,
1/14/27
....
3,862
3,842
L2430462.UP.FTS.B
,
8
.4
%
,
1/14/27
.....
13,800
13,731
L2435208.UP.FTS.B
,
8
.4
%
,
1/14/27
.....
24,765
24,640
L2429477.UP.FTS.B
,
8
.93
%
,
1/14/27
....
7,715
7,677
L2429964.UP.FTS.B
,
9
.01
%
,
1/14/27
....
2,778
2,764
L2429979.UP.FTS.B
,
9
.08
%
,
1/14/27
....
1,668
1,660
L2432514.UP.FTS.B
,
9
.62
%
,
1/14/27
....
19,576
19,480
L2434796.UP.FTS.B
,
9
.68
%
,
1/14/27
....
13,990
13,921
L2434345.UP.FTS.B
,
9
.69
%
,
1/14/27
....
4,978
4,948
L2435560.UP.FTS.B
,
10
.15
%
,
1/14/27
....
14,889
14,813
FW2433055.UP.FTS.B
,
10
.82
%
,
1/14/27
..
1,985
1,978
L2430601.UP.FTS.B
,
11
.3
%
,
1/14/27
.....
9,968
9,943
FW2433199.UP.FTS.B
,
12
.56
%
,
1/14/27
..
1,731
1,727
L2431067.UP.FTS.B
,
12
.57
%
,
1/14/27
....
3,454
3,446
L2429992.UP.FTS.B
,
12
.6
%
,
1/14/27
....
3,120
1,703
L2434462.UP.FTS.B
,
12
.63
%
,
1/14/27
....
1,162
1,158
FW2432090.UP.FTS.B
,
12
.83
%
,
1/14/27
..
3,761
3,752
L2435380.UP.FTS.B
,
12
.98
%
,
1/14/27
....
3,153
3,144
FW2430692.UP.FTS.B
,
13
.13
%
,
1/14/27
..
5,224
5,211
L2434354.UP.FTS.B
,
13
.48
%
,
1/14/27
....
2,913
2,906
L2433923.UP.FTS.B
,
13
.81
%
,
1/14/27
....
5,792
5,777
FW2429622.UP.FTS.B
,
15
.13
%
,
1/14/27
..
2,939
2,932
L2434928.UP.FTS.B
,
15
.16
%
,
1/14/27
....
2,962
2,956
FW2435291.UP.FTS.B
,
16
.08
%
,
1/14/27
..
30,815
2,221
L2429267.UP.FTS.B
,
16
.52
%
,
1/14/27
....
6,041
6,041
FW2435527.UP.FTS.B
,
16
.65
%
,
1/14/27
..
11,013
11,013
L2429626.UP.FTS.B
,
16
.81
%
,
1/14/27
....
2,409
2,413
L2434502.UP.FTS.B
,
17
.17
%
,
1/14/27
....
11,275
818
L2426379.UP.FTS.B
,
19
.1
%
,
1/14/27
....
3,386
3,391
L2429755.UP.FTS.B
,
19
.15
%
,
1/14/27
....
9,237
9,355
FW2430438.UP.FTS.B
,
20
.15
%
,
1/14/27
..
2,431
2,434
L2430606.UP.FTS.B
,
20
.16
%
,
1/14/27
....
4,175
4,134
L2430735.UP.FTS.B
,
20
.49
%
,
1/14/27
....
4,373
4,419
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)
L2431627.UP.FTS.B
,
21
.05
%
,
1/14/27
....
$
6,267
$
6,277
L2434159.UP.FTS.B
,
21
.72
%
,
1/14/27
....
973
575
L2432761.UP.FTS.B
,
21
.77
%
,
1/14/27
....
1,500
1,500
L2434330.UP.FTS.B
,
21
.77
%
,
1/14/27
....
5,677
5,686
L2432647.UP.FTS.B
,
21
.91
%
,
1/14/27
....
2,338
1,350
L2433930.UP.FTS.B
,
22
.17
%
,
1/14/27
....
6,836
6,923
L2433884.UP.FTS.B
,
22
.52
%
,
1/14/27
....
3,177
3,187
FW2434152.UP.FTS.B
,
22
.94
%
,
1/14/27
..
10,260
10,391
L2430627.UP.FTS.B
,
24
.59
%
,
1/14/27
....
6,792
1,938
L2435514.UP.FTS.B
,
24
.62
%
,
1/14/27
....
6,744
3,996
L2429892.UP.FTS.B
,
24
.74
%
,
1/14/27
....
1,230
1,246
L2430498.UP.FTS.B
,
25
.11
%
,
1/14/27
....
720
728
L2432911.UP.FTS.B
,
25
.19
%
,
1/14/27
....
3,421
3,460
L2431333.UP.FTS.B
,
25
.27
%
,
1/14/27
....
838
60
L2432337.UP.FTS.B
,
25
.36
%
,
1/14/27
....
8,309
8,315
L2428819.UP.FTS.B
,
25
.51
%
,
1/14/27
....
6,061
6,139
L2430801.UP.FTS.B
,
25
.58
%
,
1/14/27
....
201
14
L2430189.UP.FTS.B
,
25
.96
%
,
1/14/27
....
4,042
4,085
FW2427919.UP.FTS.B
,
26
.2
%
,
1/14/27
...
6,553
6,637
FW2433321.UP.FTS.B
,
26
.46
%
,
1/14/27
..
1,314
1,330
FW2430722.UP.FTS.B
,
26
.47
%
,
1/14/27
..
7,754
7,854
FW2434298.UP.FTS.B
,
26
.5
%
,
1/14/27
...
2,175
2,199
FW2428882.UP.FTS.B
,
27
.27
%
,
1/14/27
..
3,956
4,007
FW2435389.UP.FTS.B
,
28
.43
%
,
1/14/27
..
668
677
FW2435458.UP.FTS.B
,
28
.74
%
,
1/14/27
..
3,252
3,289
FW2429972.UP.FTS.B
,
28
.92
%
,
1/14/27
..
1,340
1,358
FW2432969.UP.FTS.B
,
29
.06
%
,
1/14/27
..
6,708
6,794
FW2431137.UP.FTS.B
,
29
.79
%
,
1/14/27
..
3,668
1,064
FW2429314.UP.FTS.B
,
30
.55
%
,
1/14/27
..
997
1,006
FW2432136.UP.FTS.B
,
30
.97
%
,
1/14/27
..
793
801
FW2431224.UP.FTS.B
,
31
.01
%
,
1/14/27
..
614
609
FW2434725.UP.FTS.B
,
31
.06
%
,
1/14/27
..
2,186
2,210
FW2431217.UP.FTS.B
,
31
.18
%
,
1/14/27
..
4,027
4,079
FW2434302.UP.FTS.B
,
31
.74
%
,
1/14/27
..
2,397
2,428
FW2430067.UP.FTS.B
,
32
.35
%
,
1/14/27
..
3,371
3,415
FW2433366.UP.FTS.B
,
32
.7
%
,
1/14/27
...
949
948
FW2429192.UP.FTS.B
,
34
.62
%
,
1/14/27
..
4,615
4,675
L2434046.UP.FTS.B
,
17
.57
%
,
1/15/27
....
5,767
5,755
L2426521.UP.FTS.B
,
25
.33
%
,
1/16/27
....
2,283
2,312
L2435572.UP.FTS.B
,
5
.11
%
,
1/18/27
.....
4,254
4,223
L2437289.UP.FTS.B
,
5
.21
%
,
1/18/27
....
10,644
10,568
L2438850.UP.FTS.B
,
5
.32
%
,
1/18/27
....
2,816
2,791
L2435960.UP.FTS.B
,
5
.66
%
,
1/18/27
....
2,263
576
L2437744.UP.FTS.B
,
5
.82
%
,
1/18/27
....
1,871
1,858
L2436314.UP.FTS.B
,
6
.73
%
,
1/18/27
....
4,738
4,460
L2437712.UP.FTS.B
,
7
.07
%
,
1/18/27
....
2,779
2,757
L2436166.UP.FTS.B
,
7
.3
%
,
1/18/27
.....
5,451
5,413
L2437375.UP.FTS.B
,
7
.41
%
,
1/18/27
....
8,187
8,129
FW2435037.UP.FTS.B
,
7
.47
%
,
1/18/27
...
7,815
7,375
L2437526.UP.FTS.B
,
8
.11
%
,
1/18/27
.....
2,971
2,956
L2435968.UP.FTS.B
,
8
.28
%
,
1/18/27
....
27,558
27,418
L2437670.UP.FTS.B
,
8
.31
%
,
1/18/27
....
2,752
2,738
L2435758.UP.FTS.B
,
8
.38
%
,
1/18/27
....
3,906
530
L2438360.UP.FTS.B
,
8
.62
%
,
1/18/27
....
9,418
9,365
FW2436679.UP.FTS.B
,
8
.8
%
,
1/18/27
....
2,771
2,758
L2436019.UP.FTS.B
,
8
.91
%
,
1/18/27
....
3,053
3,037
FW2436236.UP.FTS.B
,
9
.07
%
,
1/18/27
...
1,279
1,272
L2436597.UP.FTS.B
,
9
.15
%
,
1/18/27
....
2,782
2,768
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2439024.UP.FTS.B
,
9
.19
%
,
1/18/27
....
$
27,680
$
27,539
FW2437428.UP.FTS.B
,
9
.23
%
,
1/18/27
...
2,287
2,275
L2439293.UP.FTS.B
,
9
.38
%
,
1/18/27
....
2,789
2,775
L2435641.UP.FTS.B
,
9
.42
%
,
1/18/27
....
8,365
8,323
FW2437343.UP.FTS.B
,
9
.49
%
,
1/18/27
...
3,351
3,335
L2438805.UP.FTS.B
,
9
.71
%
,
1/18/27
....
6,440
6,408
L2438298.UP.FTS.B
,
9
.72
%
,
1/18/27
....
8,675
8,184
L2435766.UP.FTS.B
,
10
.44
%
,
1/18/27
....
6,488
6,456
L2435811.UP.FTS.B
,
10
.45
%
,
1/18/27
....
23,399
22,076
L2437164.UP.FTS.B
,
11
.6
%
,
1/18/27
.....
3,275
3,264
L2437916.UP.FTS.B
,
11
.63
%
,
1/18/27
....
2,858
2,851
L2435975.UP.FTS.B
,
12
.06
%
,
1/18/27
....
3,756
521
FW2436712.UP.FTS.B
,
13
.19
%
,
1/18/27
..
19,035
1,382
L2436053.UP.FTS.B
,
13
.19
%
,
1/18/27
....
26,134
26,070
L2435800.UP.FTS.B
,
13
.45
%
,
1/18/27
....
619
613
FW2438200.UP.FTS.B
,
13
.65
%
,
1/18/27
..
338
335
L2436944.UP.FTS.B
,
13
.68
%
,
1/18/27
....
17,519
17,476
L2438233.UP.FTS.B
,
13
.97
%
,
1/18/27
....
29,277
29,207
FW2435953.UP.FTS.B
,
14
.04
%
,
1/18/27
..
2,050
2,045
FW2386556.UP.FTS.B
,
14
.67
%
,
1/18/27
..
15,860
15,822
L2435828.UP.FTS.B
,
15
.11
%
,
1/18/27
....
5,923
5,908
L2436120.UP.FTS.B
,
16
.49
%
,
1/18/27
....
1,801
1,804
FW2437419.UP.FTS.B
,
16
.93
%
,
1/18/27
..
9,043
9,021
L2436235.UP.FTS.B
,
19
.1
%
,
1/18/27
....
2,773
2,783
FW2433283.UP.FTS.B
,
19
.48
%
,
1/18/27
..
3,076
3,081
L2437522.UP.FTS.B
,
20
.01
%
,
1/18/27
....
931
934
L2436835.UP.FTS.B
,
20
.74
%
,
1/18/27
....
9,374
9,497
L2438751.UP.FTS.B
,
22
.96
%
,
1/18/27
....
3,795
3,843
L2436458.UP.FTS.B
,
23
.16
%
,
1/18/27
....
1,262
1,277
FW2436112.UP.FTS.B
,
23
.4
%
,
1/18/27
...
2,242
2,271
L2435765.UP.FTS.B
,
24
.15
%
,
1/18/27
....
1,030
1,044
L2438451.UP.FTS.B
,
24
.73
%
,
1/18/27
....
4,458
4,499
L2436225.UP.FTS.B
,
25
.02
%
,
1/18/27
....
877
884
L2437383.UP.FTS.B
,
25
.04
%
,
1/18/27
....
7,787
7,889
L2435949.UP.FTS.B
,
25
.18
%
,
1/18/27
....
750
54
L2438923.UP.FTS.B
,
25
.2
%
,
1/18/27
....
1,300
1,317
FW2437643.UP.FTS.B
,
25
.44
%
,
1/18/27
..
11,677
11,826
L2435585.UP.FTS.B
,
25
.45
%
,
1/18/27
....
436
434
L2435644.UP.FTS.B
,
25
.47
%
,
1/18/27
....
8,187
8,292
L2435936.UP.FTS.B
,
25
.47
%
,
1/18/27
....
1,303
1,319
L2436279.UP.FTS.B
,
25
.97
%
,
1/18/27
....
2,779
418
L2436823.UP.FTS.B
,
26
.4
%
,
1/18/27
....
2,560
2,594
FW2438660.UP.FTS.B
,
27
.49
%
,
1/18/27
..
2,651
2,685
FW2437301.UP.FTS.B
,
28
.28
%
,
1/18/27
..
18,258
18,417
FW2436660.UP.FTS.B
,
28
.46
%
,
1/18/27
..
2,657
2,691
FW2435922.UP.FTS.B
,
28
.48
%
,
1/18/27
..
2,672
2,706
FW2438088.UP.FTS.B
,
28
.61
%
,
1/18/27
..
3,553
1,036
FW2438349.UP.FTS.B
,
30
.51
%
,
1/18/27
..
974
980
FW2436417.UP.FTS.B
,
30
.84
%
,
1/18/27
..
4,453
–
FW2437637.UP.FTS.B
,
31
.11
%
,
1/18/27
..
1,159
1,174
FW2424349.UP.FTS.B
,
31
.49
%
,
1/18/27
..
2,261
652
FW2438118.UP.FTS.B
,
31
.57
%
,
1/18/27
..
5,609
5,680
FW2438330.UP.FTS.B
,
31
.74
%
,
1/18/27
..
2,465
2,497
L2432353.UP.FTS.B
,
7
.41
%
,
1/20/27
....
10,932
10,870
FW2426856.UP.FTS.B
,
16
.14
%
,
1/21/27
..
6,006
6,014
FW2423642.UP.FTS.B
,
28
.44
%
,
1/22/27
..
2,691
2,720
L2433080.UP.FTS.B
,
22
.02
%
,
1/24/27
....
10,053
10,184
L2426699.UP.FTS.B
,
13
.25
%
,
1/25/27
....
6,994
6,976
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)
L2403095.UP.FTS.B
,
10
.86
%
,
1/28/27
....
$
4,832
$
4,820
L2438087.UP.FTS.B
,
9
.91
%
,
2/01/27
....
27,242
27,095
FW2437462.UP.FTS.B
,
26
.24
%
,
2/01/27
..
33,883
34,283
FW2437431.UP.FTS.B
,
30
.95
%
,
2/01/27
..
1,264
1,278
L2431623.UP.FTS.B
,
19
.58
%
,
2/02/27
....
24,679
24,692
L2604537.UP.FTS.B
,
4
.81
%
,
2/10/27
....
11,912
11,824
FW2607187.UP.FTS.B
,
7
.26
%
,
2/10/27
...
22,454
22,326
L2528315.UP.FTS.B
,
7
.51
%
,
2/10/27
....
6,472
6,435
L2604772.UP.FTS.B
,
7
.89
%
,
2/10/27
....
15,316
15,229
FW2594995.UP.FTS.B
,
9
.66
%
,
2/10/27
...
16,699
16,606
L2607571.UP.FTS.B
,
9
.71
%
,
2/10/27
....
11,524
11,460
L2604523.UP.FTS.B
,
10
.02
%
,
2/10/27
....
10,107
10,051
L2606699.UP.FTS.B
,
11
.87
%
,
2/10/27
....
14,133
14,081
L2608120.UP.FTS.B
,
12
.12
%
,
2/10/27
....
15,885
15,826
L2606144.UP.FTS.B
,
12
.19
%
,
2/10/27
....
2,354
2,335
L2602160.UP.FTS.B
,
13
.05
%
,
2/10/27
....
5,065
5,047
L2606798.UP.FTS.B
,
13
.38
%
,
2/10/27
....
5,980
5,958
L2605310.UP.FTS.B
,
13
.4
%
,
2/10/27
....
4,033
4,015
L2604725.UP.FTS.B
,
13
.41
%
,
2/10/27
....
1,976
1,967
L2608712.UP.FTS.B
,
13
.54
%
,
2/10/27
....
2,396
2,387
L2607120.UP.FTS.B
,
13
.67
%
,
2/10/27
....
10,222
10,176
L2607960.UP.FTS.B
,
13
.74
%
,
2/10/27
....
4,500
4,484
FW2604743.UP.FTS.B
,
13
.75
%
,
2/10/27
..
7,813
7,777
FW2606882.UP.FTS.B
,
13
.95
%
,
2/10/27
..
4,810
4,793
FW2605016.UP.FTS.B
,
14
.07
%
,
2/10/27
..
4,425
319
L2560503.UP.FTS.B
,
14
.15
%
,
2/10/27
....
17,032
1,227
L2607639.UP.FTS.B
,
14
.65
%
,
2/10/27
....
19,312
19,243
L2603034.UP.FTS.B
,
14
.68
%
,
2/10/27
....
6,297
6,293
FW2606203.UP.FTS.B
,
14
.78
%
,
2/10/27
..
1,940
1,933
FW2602616.UP.FTS.B
,
14
.79
%
,
2/10/27
..
30,357
30,218
FW2608870.UP.FTS.B
,
15
.02
%
,
2/10/27
..
9,061
9,028
FW2602511.UP.FTS.B
,
15
.19
%
,
2/10/27
..
17,161
17,100
L2605446.UP.FTS.B
,
15
.44
%
,
2/10/27
....
2,629
2,626
L2606023.UP.FTS.B
,
15
.7
%
,
2/10/27
....
2,636
358
L2602901.UP.FTS.B
,
15
.85
%
,
2/10/27
....
4,194
4,176
L2603136.UP.FTS.B
,
17
.13
%
,
2/10/27
....
13,060
3,483
FW2609494.UP.FTS.B
,
18
.3
%
,
2/10/27
...
3,133
3,131
FW2607843.UP.FTS.B
,
18
.35
%
,
2/10/27
..
4,625
4,612
FW2603450.UP.FTS.B
,
19
.07
%
,
2/10/27
..
7,507
7,502
L2608142.UP.FTS.B
,
19
.78
%
,
2/10/27
....
5,522
5,578
L2609196.UP.FTS.B
,
20
.26
%
,
2/10/27
....
3,826
3,829
L2607782.UP.FTS.B
,
20
.62
%
,
2/10/27
....
1,949
1,962
L2607501.UP.FTS.B
,
20
.9
%
,
2/10/27
....
3,847
3,886
L2580476.UP.FTS.B
,
20
.98
%
,
2/10/27
....
346
340
FW2607597.UP.FTS.B
,
21
.25
%
,
2/10/27
..
1,415
1,415
FW2601053.UP.FTS.B
,
21
.37
%
,
2/10/27
..
954
954
L2609346.UP.FTS.B
,
21
.52
%
,
2/10/27
....
13,687
13,675
L2603922.UP.FTS.B
,
21
.73
%
,
2/10/27
....
3,552
3,587
L2608576.UP.FTS.B
,
21
.77
%
,
2/10/27
....
2,713
2,740
L2608126.UP.FTS.B
,
22
.06
%
,
2/10/27
....
3,044
3,066
FW2607078.UP.FTS.B
,
22
.55
%
,
2/10/27
..
2,015
2,035
FW2608208.UP.FTS.B
,
22
.58
%
,
2/10/27
..
7,157
7,229
L2602456.UP.FTS.B
,
22
.85
%
,
2/10/27
....
5,215
5,267
L2608552.UP.FTS.B
,
22
.9
%
,
2/10/27
....
1,979
1,996
L2608111.UP.FTS.B
,
23
.17
%
,
2/10/27
....
10,524
10,628
L2605681.UP.FTS.B
,
23
.22
%
,
2/10/27
....
3,120
3,144
L2603641.UP.FTS.B
,
23
.37
%
,
2/10/27
....
2,488
2,513
L2606964.UP.FTS.B
,
23
.53
%
,
2/10/27
....
656
662
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2606747.UP.FTS.B
,
23
.7
%
,
2/10/27
....
$
6,463
$
6,522
L2604424.UP.FTS.B
,
24
.29
%
,
2/10/27
....
6,325
6,381
L2604262.UP.FTS.B
,
24
.39
%
,
2/10/27
....
3,302
3,334
L2601898.UP.FTS.B
,
24
.69
%
,
2/10/27
....
927
936
L2608693.UP.FTS.B
,
24
.99
%
,
2/10/27
....
1,180
172
L2608510.UP.FTS.B
,
25
%
,
2/10/27
......
1,327
1,340
L2605594.UP.FTS.B
,
25
.02
%
,
2/10/27
....
1,858
1,877
L2604053.UP.FTS.B
,
25
.25
%
,
2/10/27
....
1,264
1,276
L2606928.UP.FTS.B
,
25
.27
%
,
2/10/27
....
1,399
1,400
L2607974.UP.FTS.B
,
25
.3
%
,
2/10/27
....
6,186
6,248
L2609551.UP.FTS.B
,
25
.3
%
,
2/10/27
....
1,730
1,747
FW2609019.UP.FTS.B
,
25
.41
%
,
2/10/27
..
3,553
3,584
L2572476.UP.FTS.B
,
25
.45
%
,
2/10/27
....
9,371
9,463
L2608348.UP.FTS.B
,
25
.54
%
,
2/10/27
....
4,001
4,041
L2603713.UP.FTS.B
,
25
.81
%
,
2/10/27
....
2,303
2,323
FW2604813.UP.FTS.B
,
25
.83
%
,
2/10/27
..
4,676
4,722
L2586417.UP.FTS.B
,
25
.9
%
,
2/10/27
....
6,633
476
FW2606426.UP.FTS.B
,
26
.19
%
,
2/10/27
..
2,316
2,337
FW2604860.UP.FTS.B
,
26
.47
%
,
2/10/27
..
3,692
3,729
FW2607306.UP.FTS.B
,
26
.66
%
,
2/10/27
..
1,924
1,938
FW2607888.UP.FTS.B
,
27
.06
%
,
2/10/27
..
9,637
681
L2604862.UP.FTS.B
,
27
.57
%
,
2/10/27
....
6,907
6,975
FW2603425.UP.FTS.B
,
27
.81
%
,
2/10/27
..
2,324
2,345
FW2607049.UP.FTS.B
,
28
.08
%
,
2/10/27
..
1,487
121
FW2608113.UP.FTS.B
,
28
.22
%
,
2/10/27
..
2,061
2,064
FW2605555.UP.FTS.B
,
29
.52
%
,
2/10/27
..
1,581
1,597
FW2607282.UP.FTS.B
,
30
.52
%
,
2/10/27
..
4,305
4,337
FW2606754.UP.FTS.B
,
31
.29
%
,
2/10/27
..
2,646
2,672
FW2607854.UP.FTS.B
,
31
.49
%
,
2/10/27
..
4,187
4,228
FW2604730.UP.FTS.B
,
31
.73
%
,
2/10/27
..
5,413
5,456
L2610465.UP.FTS.B
,
5
.18
%
,
2/11/27
.....
13,384
13,285
L2570795.UP.FTS.B
,
6
.48
%
,
2/11/27
.....
5,553
5,512
L2610259.UP.FTS.B
,
6
.78
%
,
2/11/27
.....
3,462
3,437
FW2614143.UP.FTS.B
,
6
.93
%
,
2/11/27
...
2,237
2,221
L2588879.UP.FTS.B
,
7
.55
%
,
2/11/27
.....
845
839
L2610842.UP.FTS.B
,
9
.27
%
,
2/11/27
.....
6,423
6,388
L2613434.UP.FTS.B
,
9
.37
%
,
2/11/27
.....
8,383
8,335
FW2610585.UP.FTS.B
,
9
.75
%
,
2/11/27
...
14,347
14,267
L2611172.UP.FTS.B
,
10
.14
%
,
2/11/27
....
1,736
1,730
L2611011.UP.FTS.B
,
11
.03
%
,
2/11/27
....
9,458
9,425
FW2613043.UP.FTS.B
,
11
.2
%
,
2/11/27
...
7,487
7,461
L2610880.UP.FTS.B
,
11
.35
%
,
2/11/27
....
6,022
3,271
L2615397.UP.FTS.B
,
11
.54
%
,
2/11/27
....
4,109
4,094
L2615183.UP.FTS.B
,
12
.14
%
,
2/11/27
....
7,090
7,065
L2615652.UP.FTS.B
,
12
.4
%
,
2/11/27
.....
2,487
2,479
FW2612477.UP.FTS.B
,
12
.41
%
,
2/11/27
..
8,884
8,853
FW2604554.UP.FTS.B
,
13
.07
%
,
2/11/27
..
12,007
11,955
FW2615345.UP.FTS.B
,
13
.1
%
,
2/11/27
...
5,843
5,812
L2615756.UP.FTS.B
,
13
.21
%
,
2/11/27
....
2,716
2,704
L2614367.UP.FTS.B
,
13
.3
%
,
2/11/27
.....
3,826
3,813
L2612579.UP.FTS.B
,
13
.46
%
,
2/11/27
....
2,975
2,965
L2612166.UP.FTS.B
,
13
.67
%
,
2/11/27
....
3,465
3,443
L2615304.UP.FTS.B
,
13
.86
%
,
2/11/27
....
22,790
22,689
L2614922.UP.FTS.B
,
13
.97
%
,
2/11/27
....
6,639
6,609
FW2612651.UP.FTS.B
,
14
.21
%
,
2/11/27
..
14,652
14,595
L2612964.UP.FTS.B
,
14
.24
%
,
2/11/27
....
7,236
7,211
L2614986.UP.FTS.B
,
14
.63
%
,
2/11/27
....
1,137
1,125
L2613480.UP.FTS.B
,
14
.65
%
,
2/11/27
....
6,836
6,805
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.
124
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2615636.UP.FTS.B
,
14
.73
%
,
2/11/27
....
$
16,828
$
16,803
L2612790.UP.FTS.B
,
14
.98
%
,
2/11/27
....
9,065
9,026
L2612114.UP.FTS.B
,
14
.99
%
,
2/11/27
....
5,224
5,206
L2614045.UP.FTS.B
,
15
.28
%
,
2/11/27
....
3,654
3,642
L2615153.UP.FTS.B
,
15
.28
%
,
2/11/27
....
7,360
7,347
L2610220.UP.FTS.B
,
15
.29
%
,
2/11/27
....
4,873
4,871
L2610243.UP.FTS.B
,
15
.41
%
,
2/11/27
....
5,481
5,479
L2539854.UP.FTS.B
,
15
.78
%
,
2/11/27
....
2,754
2,753
L2614929.UP.FTS.B
,
16
.21
%
,
2/11/27
....
2,766
2,756
FW2612990.UP.FTS.B
,
16
.24
%
,
2/11/27
..
1,703
1,682
L2611366.UP.FTS.B
,
16
.4
%
,
2/11/27
.....
3,078
3,076
L2611260.UP.FTS.B
,
17
.12
%
,
2/11/27
....
14,715
1,057
L2612163.UP.FTS.B
,
17
.53
%
,
2/11/27
....
2,079
2,076
FW2611103.UP.FTS.B
,
17
.75
%
,
2/11/27
..
3,001
2,997
L2615159.UP.FTS.B
,
17
.82
%
,
2/11/27
....
3,431
3,434
L2611326.UP.FTS.B
,
18
.28
%
,
2/11/27
....
6,247
6,252
L2613884.UP.FTS.B
,
18
.39
%
,
2/11/27
....
2,508
2,510
FW2614597.UP.FTS.B
,
18
.7
%
,
2/11/27
...
6,951
254
FW2610980.UP.FTS.B
,
18
.94
%
,
2/11/27
..
6,301
6,298
L2614124.UP.FTS.B
,
18
.99
%
,
2/11/27
....
4,529
4,518
L2601501.UP.FTS.B
,
19
.21
%
,
2/11/27
....
3,095
3,098
L2614334.UP.FTS.B
,
19
.21
%
,
2/11/27
....
11,053
11,168
L2609505.UP.FTS.B
,
19
.3
%
,
2/11/27
.....
1,201
1,197
L2611253.UP.FTS.B
,
19
.34
%
,
2/11/27
....
6,323
6,321
FW2611297.UP.FTS.B
,
19
.83
%
,
2/11/27
..
9,677
9,662
L2612449.UP.FTS.B
,
20
.03
%
,
2/11/27
....
6,354
6,359
FW2614605.UP.FTS.B
,
20
.34
%
,
2/11/27
..
2,839
2,866
L2609761.UP.FTS.B
,
20
.76
%
,
2/11/27
....
3,201
3,234
L2615540.UP.FTS.B
,
20
.79
%
,
2/11/27
....
3,844
3,848
L2610020.UP.FTS.B
,
20
.86
%
,
2/11/27
....
3,845
3,885
L2612113.UP.FTS.B
,
20
.93
%
,
2/11/27
....
5,452
5,455
FW2612937.UP.FTS.B
,
21
.48
%
,
2/11/27
..
16,125
16,293
L2611316.UP.FTS.B
,
21
.54
%
,
2/11/27
....
12,899
13,033
L2615221.UP.FTS.B
,
21
.7
%
,
2/11/27
.....
6,456
6,522
L2612478.UP.FTS.B
,
22
.55
%
,
2/11/27
....
1,047
1,056
L2610047.UP.FTS.B
,
22
.57
%
,
2/11/27
....
2,081
2,102
L2612720.UP.FTS.B
,
23
.21
%
,
2/11/27
....
654
654
FW2613747.UP.FTS.B
,
23
.43
%
,
2/11/27
..
6,624
6,681
L2611969.UP.FTS.B
,
23
.47
%
,
2/11/27
....
2,635
2,657
L2610518.UP.FTS.B
,
23
.54
%
,
2/11/27
....
19,999
20,205
L2611149.UP.FTS.B
,
23
.94
%
,
2/11/27
....
13,156
13,291
L2615317.UP.FTS.B
,
24
.12
%
,
2/11/27
....
4,943
4,941
L2614419.UP.FTS.B
,
24
.18
%
,
2/11/27
....
1,846
1,865
L2612809.UP.FTS.B
,
24
.27
%
,
2/11/27
....
924
933
L2613285.UP.FTS.B
,
24
.59
%
,
2/11/27
....
3,789
3,783
L2613569.UP.FTS.B
,
25
.13
%
,
2/11/27
....
709
103
FW2613750.UP.FTS.B
,
25
.19
%
,
2/11/27
..
1,728
1,729
L2613208.UP.FTS.B
,
25
.22
%
,
2/11/27
....
997
1,007
L2612096.UP.FTS.B
,
25
.23
%
,
2/11/27
....
1,329
1,343
L2613943.UP.FTS.B
,
25
.28
%
,
2/11/27
....
2,354
2,368
L2608705.UP.FTS.B
,
25
.34
%
,
2/11/27
....
8,023
2,273
FW2614897.UP.FTS.B
,
25
.36
%
,
2/11/27
..
2,263
2,286
L2611708.UP.FTS.B
,
25
.41
%
,
2/11/27
....
4,966
2,944
L2612279.UP.FTS.B
,
25
.43
%
,
2/11/27
....
8,342
8,424
L2613393.UP.FTS.B
,
25
.43
%
,
2/11/27
....
999
1,009
L2611698.UP.FTS.B
,
25
.48
%
,
2/11/27
....
995
144
L2613952.UP.FTS.B
,
25
.83
%
,
2/11/27
....
3,603
258
FW2612923.UP.FTS.B
,
26
.13
%
,
2/11/27
..
3,347
3,382
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2611604.UP.FTS.B
,
26
.15
%
,
2/11/27
....
$
3,348
$
3,383
L2611375.UP.FTS.B
,
26
.37
%
,
2/11/27
....
732
5
FW2611559.UP.FTS.B
,
26
.48
%
,
2/11/27
..
2,362
2,381
FW2610030.UP.FTS.B
,
27
.01
%
,
2/11/27
..
2,431
1,429
FW2611293.UP.FTS.B
,
27
.26
%
,
2/11/27
..
3,308
3,338
FW2609816.UP.FTS.B
,
27
.78
%
,
2/11/27
..
10,033
10,126
FW2612642.UP.FTS.B
,
27
.88
%
,
2/11/27
..
1,366
1,375
FW2613189.UP.FTS.B
,
27
.88
%
,
2/11/27
..
20,830
12,260
FW2608240.UP.FTS.B
,
28
.43
%
,
2/11/27
..
7,499
7,576
FW2614134.UP.FTS.B
,
28
.75
%
,
2/11/27
..
6,834
6,903
FW2615423.UP.FTS.B
,
28
.85
%
,
2/11/27
..
10,268
10,373
FW2614677.UP.FTS.B
,
28
.98
%
,
2/11/27
..
3,787
3,826
FW2612243.UP.FTS.B
,
29
.25
%
,
2/11/27
..
1,223
1,235
FW2611548.UP.FTS.B
,
30
.39
%
,
2/11/27
..
969
978
FW2612001.UP.FTS.B
,
30
.9
%
,
2/11/27
...
1,722
1,739
FW2609619.UP.FTS.B
,
30
.92
%
,
2/11/27
..
1,966
1,983
FW2610795.UP.FTS.B
,
30
.98
%
,
2/11/27
..
724
730
FW2611533.UP.FTS.B
,
31
.12
%
,
2/11/27
..
2,822
2,837
FW2610773.UP.FTS.B
,
31
.41
%
,
2/11/27
..
10,034
10,136
FW2610510.UP.FTS.B
,
33
.6
%
,
2/11/27
...
1,204
1,216
FW2614310.UP.FTS.B
,
33
.97
%
,
2/11/27
..
1,632
964
FW2610903.UP.FTS.B
,
34
.14
%
,
2/11/27
..
15,316
15,449
L2611816.UP.FTS.B
,
21
.62
%
,
2/12/27
....
1,937
1,953
FW2613609.UP.FTS.B
,
25
.31
%
,
2/12/27
..
6,664
6,670
L2617298.UP.FTS.B
,
5
.1
%
,
2/14/27
.....
6,029
5,985
L2617141.UP.FTS.B
,
5
.84
%
,
2/14/27
....
4,124
4,094
L2616590.UP.FTS.B
,
7
.87
%
,
2/14/27
....
14,930
14,846
L2616809.UP.FTS.B
,
11
.55
%
,
2/14/27
....
3,513
3,500
L2617640.UP.FTS.B
,
13
%
,
2/14/27
......
9,628
399
FW2616181.UP.FTS.B
,
13
.1
%
,
2/14/27
...
4,042
2,201
L2616333.UP.FTS.B
,
13
.75
%
,
2/14/27
....
20,994
20,922
L2617800.UP.FTS.B
,
13
.82
%
,
2/14/27
....
3,199
3,185
L2615653.UP.FTS.B
,
14
.07
%
,
2/14/27
....
1,797
1,791
FW2616422.UP.FTS.B
,
14
.55
%
,
2/14/27
..
3,266
3,255
L2616226.UP.FTS.B
,
14
.8
%
,
2/14/27
....
3,639
3,639
L2616432.UP.FTS.B
,
16
.81
%
,
2/14/27
....
4,944
4,943
FW2616510.UP.FTS.B
,
17
.3
%
,
2/14/27
...
3,162
138
FW2616193.UP.FTS.B
,
17
.47
%
,
2/14/27
..
933
932
L2617103.UP.FTS.B
,
18
.14
%
,
2/14/27
....
4,692
4,698
L2616245.UP.FTS.B
,
18
.36
%
,
2/14/27
....
12,470
12,464
L2616269.UP.FTS.B
,
19
.1
%
,
2/14/27
....
15,506
15,515
L2612816.UP.FTS.B
,
19
.36
%
,
2/14/27
....
12,678
12,691
L2616072.UP.FTS.B
,
19
.58
%
,
2/14/27
....
2,598
2,601
L2616722.UP.FTS.B
,
19
.8
%
,
2/14/27
....
3,682
3,722
L2616174.UP.FTS.B
,
20
.55
%
,
2/14/27
....
895
896
FW2615937.UP.FTS.B
,
21
.82
%
,
2/14/27
..
6,354
6,418
FW2617069.UP.FTS.B
,
23
.16
%
,
2/14/27
..
19,714
19,883
L2616368.UP.FTS.B
,
24
.5
%
,
2/14/27
....
6,994
7,062
L2617237.UP.FTS.B
,
25
.14
%
,
2/14/27
....
3,056
3,059
L2616717.UP.FTS.B
,
25
.42
%
,
2/14/27
....
1,678
1,693
L2617627.UP.FTS.B
,
25
.47
%
,
2/14/27
....
1,132
1,144
L2615878.UP.FTS.B
,
25
.5
%
,
2/14/27
....
5,682
5,733
L2617283.UP.FTS.B
,
25
.65
%
,
2/14/27
....
3,737
3,776
FW2617973.UP.FTS.B
,
26
.17
%
,
2/14/27
..
5,091
5,144
FW2616127.UP.FTS.B
,
27
.61
%
,
2/14/27
..
2,710
2,738
FW2616788.UP.FTS.B
,
28
.08
%
,
2/14/27
..
8,327
8,396
FW2617614.UP.FTS.B
,
28
.35
%
,
2/14/27
..
15,228
4,404
FW2616093.UP.FTS.B
,
29
.88
%
,
2/14/27
..
5,084
3,007
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
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2617595.UP.FTS.B
,
30
.34
%
,
2/14/27
..
$
1,452
$
861
FW2618539.UP.FTS.B
,
30
.94
%
,
2/14/27
..
4,196
4,231
FW2616908.UP.FTS.B
,
31
.23
%
,
2/14/27
..
3,568
3,601
FW2618241.UP.FTS.B
,
31
.49
%
,
2/14/27
..
6,276
6,339
L1715513.UP.FTS.B
,
13
.27
%
,
2/15/27
....
20,773
20,712
L1694887.UP.FTS.B
,
15
.52
%
,
2/15/27
....
3,613
3,599
L1715815.UP.FTS.B
,
21
.76
%
,
2/15/27
....
26,350
1,907
L1692458.UP.FTS.B
,
22
.21
%
,
2/15/27
....
2,618
2,650
L2605322.UP.FTS.B
,
26
.41
%
,
2/15/27
....
12,204
12,328
FW1717121.UP.FTS.B
,
26
.43
%
,
2/15/27
..
1,777
1,800
L1715518.UP.FTS.B
,
26
.49
%
,
2/15/27
....
5,650
5,720
FW1717776.UP.FTS.B
,
30
.58
%
,
2/15/27
..
1,879
–
FW2613392.UP.FTS.B
,
27
.98
%
,
2/18/27
..
8,205
8,292
L2608264.UP.FTS.B
,
15
.55
%
,
2/20/27
....
15,816
15,037
L2616168.UP.FTS.B
,
18
.99
%
,
2/20/27
....
10,134
735
FW2607135.UP.FTS.B
,
30
.71
%
,
2/20/27
..
1,872
1,891
FW2615716.UP.FTS.B
,
30
.71
%
,
2/21/27
..
1,890
1,910
FW2612944.UP.FTS.B
,
29
.57
%
,
2/24/27
..
5,148
5,203
L2604751.UP.FTS.B
,
17
.73
%
,
2/25/27
....
545
542
FW2604033.UP.FTS.B
,
19
.37
%
,
2/25/27
..
6,246
6,252
L2618109.UP.FTS.B
,
12
.08
%
,
2/27/27
....
19,929
19,841
L2610061.UP.FTS.B
,
14
.43
%
,
2/28/27
....
15,105
15,053
L2616852.UP.FTS.B
,
19
.82
%
,
2/28/27
....
4,606
4,596
L2617672.UP.FTS.B
,
23
.43
%
,
2/28/27
....
5,856
875
L1886082.UP.FTS.B
,
11
.37
%
,
3/20/27
....
26,704
26,613
FW1887715.UP.FTS.B
,
13
.02
%
,
3/20/27
..
5,489
5,196
L1884412.UP.FTS.B
,
17
.98
%
,
3/20/27
....
4,040
4,057
FW1884837.UP.FTS.B
,
25
.6
%
,
3/20/27
...
30,065
2,154
FW1886975.UP.FTS.B
,
25
.84
%
,
3/20/27
..
1,687
1,715
FW1884398.UP.FTS.B
,
30
.02
%
,
3/20/27
..
4,321
640
FW2949972.UP.FTS.B
,
5
.25
%
,
4/14/27
...
3,494
3,469
L2949814.UP.FTS.B
,
5
.88
%
,
4/14/27
....
4,289
4,256
L2949121.UP.FTS.B
,
6
.79
%
,
4/14/27
....
9,719
9,651
L2950010.UP.FTS.B
,
6
.8
%
,
4/14/27
.....
4,142
4,112
L2949215.UP.FTS.B
,
6
.84
%
,
4/14/27
....
11,423
11,345
L2951687.UP.FTS.B
,
7
.49
%
,
4/14/27
....
7,288
7,235
L2951012.UP.FTS.B
,
7
.81
%
,
4/14/27
....
6,928
6,880
L2951121.UP.FTS.B
,
7
.86
%
,
4/14/27
.....
9,653
9,599
L2950930.UP.FTS.B
,
9
.09
%
,
4/14/27
....
3,978
2,102
L2949685.UP.FTS.B
,
9
.14
%
,
4/14/27
....
2,423
2,408
L2949220.UP.FTS.B
,
9
.21
%
,
4/14/27
....
4,916
4,886
L2949833.UP.FTS.B
,
9
.25
%
,
4/14/27
....
13,158
13,086
L2949108.UP.FTS.B
,
9
.33
%
,
4/14/27
....
9,767
9,714
L2951245.UP.FTS.B
,
9
.94
%
,
4/14/27
....
6,106
6,069
L2949486.UP.FTS.B
,
10
.53
%
,
4/14/27
....
15,379
15,288
L2934626.UP.FTS.B
,
10
.81
%
,
4/14/27
....
4,292
4,275
L2948956.UP.FTS.B
,
10
.94
%
,
4/14/27
....
16,461
16,380
L2951595.UP.FTS.B
,
10
.95
%
,
4/14/27
....
3,947
3,928
L2950964.UP.FTS.B
,
11
.19
%
,
4/14/27
....
6,156
6,131
L2950306.UP.FTS.B
,
11
.59
%
,
4/14/27
....
14,864
14,798
L2928558.UP.FTS.B
,
11
.88
%
,
4/14/27
....
6,654
6,628
FW2950525.UP.FTS.B
,
11
.91
%
,
4/14/27
..
31,130
30,980
L2944042.UP.FTS.B
,
12
.19
%
,
4/14/27
....
11,481
11,425
L2942764.UP.FTS.B
,
12
.22
%
,
4/14/27
....
8,424
8,383
L2950992.UP.FTS.B
,
12
.3
%
,
4/14/27
....
7,855
7,813
L2950027.UP.FTS.B
,
12
.33
%
,
4/14/27
....
30,212
2,188
L2950333.UP.FTS.B
,
12
.69
%
,
4/14/27
....
2,508
2,496
FW2951712.UP.FTS.B
,
12
.87
%
,
4/14/27
..
3,009
2,985
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2949635.UP.FTS.B
,
13
.18
%
,
4/14/27
....
$
2,456
$
2,444
L2948733.UP.FTS.B
,
13
.2
%
,
4/14/27
....
4,430
4,409
FW2949810.UP.FTS.B
,
13
.53
%
,
4/14/27
..
8,023
7,985
FW2949125.UP.FTS.B
,
13
.6
%
,
4/14/27
...
2,718
2,706
L2951842.UP.FTS.B
,
13
.62
%
,
4/14/27
....
28,259
28,126
L2950742.UP.FTS.B
,
13
.63
%
,
4/14/27
....
6,323
6,293
FW2951854.UP.FTS.B
,
14
.02
%
,
4/14/27
..
12,058
12,002
L2949763.UP.FTS.B
,
14
.31
%
,
4/14/27
....
4,114
4,099
FW2951175.UP.FTS.B
,
14
.6
%
,
4/14/27
...
1,403
1,397
FW2949070.UP.FTS.B
,
14
.69
%
,
4/14/27
..
16,999
16,933
L2949907.UP.FTS.B
,
14
.84
%
,
4/14/27
....
2,429
2,418
FW2949368.UP.FTS.B
,
15
%
,
4/14/27
....
1,793
1,788
L2949507.UP.FTS.B
,
15
.04
%
,
4/14/27
....
7,086
7,054
L2948932.UP.FTS.B
,
15
.2
%
,
4/14/27
....
962
958
L2951339.UP.FTS.B
,
15
.29
%
,
4/14/27
....
11,140
11,091
FW2950466.UP.FTS.B
,
15
.31
%
,
4/14/27
..
870
864
L2951714.UP.FTS.B
,
15
.35
%
,
4/14/27
....
8,929
8,888
L2950927.UP.FTS.B
,
15
.36
%
,
4/14/27
....
2,441
2,430
L2949017.UP.FTS.B
,
15
.76
%
,
4/14/27
....
1,551
1,544
L2950042.UP.FTS.B
,
16
.06
%
,
4/14/27
....
1,099
1,095
L2949733.UP.FTS.B
,
16
.07
%
,
4/14/27
....
2,002
1,994
FW2946278.UP.FTS.B
,
16
.33
%
,
4/14/27
..
8,964
8,950
L2949916.UP.FTS.B
,
16
.64
%
,
4/14/27
....
16,242
16,169
L2951791.UP.FTS.B
,
16
.65
%
,
4/14/27
....
5,186
5,162
L2948755.UP.FTS.B
,
16
.72
%
,
4/14/27
....
5,657
5,641
FW2950896.UP.FTS.B
,
16
.97
%
,
4/14/27
..
6,825
3,706
FW2951535.UP.FTS.B
,
17
.04
%
,
4/14/27
..
13,172
13,135
L2951449.UP.FTS.B
,
17
.19
%
,
4/14/27
....
19,124
19,052
FW2948748.UP.FTS.B
,
17
.23
%
,
4/14/27
..
3,119
3,111
L2948803.UP.FTS.B
,
17
.33
%
,
4/14/27
....
2,840
2,836
L2949925.UP.FTS.B
,
17
.43
%
,
4/14/27
....
6,545
6,526
L2951584.UP.FTS.B
,
17
.47
%
,
4/14/27
....
2,751
2,721
L2951624.UP.FTS.B
,
17
.77
%
,
4/14/27
....
14,917
4,034
FW2949561.UP.FTS.B
,
17
.84
%
,
4/14/27
..
13,787
13,755
L2951172.UP.FTS.B
,
17
.98
%
,
4/14/27
....
7,887
7,869
L2950280.UP.FTS.B
,
18
.73
%
,
4/14/27
....
2,877
2,873
FW2950372.UP.FTS.B
,
18
.88
%
,
4/14/27
..
6,028
6,011
L2950089.UP.FTS.B
,
19
.5
%
,
4/14/27
....
9,238
670
L2949923.UP.FTS.B
,
19
.64
%
,
4/14/27
....
667
665
L2948840.UP.FTS.B
,
19
.72
%
,
4/14/27
....
9,977
9,975
L2951216.UP.FTS.B
,
19
.73
%
,
4/14/27
....
1,534
1,531
L2949824.UP.FTS.B
,
20
.3
%
,
4/14/27
....
1,474
1,471
L2947365.UP.FTS.B
,
20
.51
%
,
4/14/27
....
13,159
13,124
L2950858.UP.FTS.B
,
20
.56
%
,
4/14/27
....
3,341
3,330
L2951820.UP.FTS.B
,
20
.59
%
,
4/14/27
....
21,634
21,576
FW2949268.UP.FTS.B
,
20
.97
%
,
4/14/27
..
2,965
2,959
L2951142.UP.FTS.B
,
21
.23
%
,
4/14/27
....
5,820
420
FW2950781.UP.FTS.B
,
21
.26
%
,
4/14/27
..
7,429
7,414
L2950447.UP.FTS.B
,
21
.39
%
,
4/14/27
....
9,109
2,521
FW2948170.UP.FTS.B
,
21
.44
%
,
4/14/27
..
5,321
5,305
FW2951375.UP.FTS.B
,
22
.32
%
,
4/14/27
..
2,249
2,265
FW2949464.UP.FTS.B
,
22
.55
%
,
4/14/27
..
2,253
2,270
FW2950348.UP.FTS.B
,
22
.92
%
,
4/14/27
..
11,568
11,662
FW2948734.UP.FTS.B
,
22
.93
%
,
4/14/27
..
4,784
4,743
FW2946360.UP.FTS.B
,
23
.4
%
,
4/14/27
...
5,154
5,192
L2951812.UP.FTS.B
,
23
.47
%
,
4/14/27
....
1,925
1,939
FW2950779.UP.FTS.B
,
23
.54
%
,
4/14/27
..
2,270
2,287
L2951427.UP.FTS.B
,
23
.72
%
,
4/14/27
....
4,547
4,580
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
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
FW2950242.UP.FTS.B
,
24
.53
%
,
4/14/27
..
$
1,939
$
1,958
L2948992.UP.FTS.B
,
24
.59
%
,
4/14/27
....
21,332
21,472
L2950134.UP.FTS.B
,
24
.82
%
,
4/14/27
....
985
982
L2949079.UP.FTS.B
,
24
.97
%
,
4/14/27
....
8,697
8,678
L2950895.UP.FTS.B
,
25
.02
%
,
4/14/27
....
696
701
L2950602.UP.FTS.B
,
25
.04
%
,
4/14/27
....
1,183
1,192
L2950811.UP.FTS.B
,
25
.09
%
,
4/14/27
....
769
774
L2951247.UP.FTS.B
,
25
.15
%
,
4/14/27
....
766
765
FW2951030.UP.FTS.B
,
25
.2
%
,
4/14/27
...
2,649
2,669
L2942965.UP.FTS.B
,
25
.22
%
,
4/14/27
....
6,971
7,023
L2949738.UP.FTS.B
,
25
.23
%
,
4/14/27
....
1,394
1,405
L2951261.UP.FTS.B
,
25
.24
%
,
4/14/27
....
1,255
1,252
L2951170.UP.FTS.B
,
25
.33
%
,
4/14/27
....
1,000
285
L2950776.UP.FTS.B
,
25
.38
%
,
4/14/27
....
2,545
2,565
L2951160.UP.FTS.B
,
25
.41
%
,
4/14/27
....
1,834
1,831
L2951384.UP.FTS.B
,
25
.41
%
,
4/14/27
....
1,837
1,852
L2950090.UP.FTS.B
,
25
.42
%
,
4/14/27
....
1,047
1,045
L2949492.UP.FTS.B
,
25
.47
%
,
4/14/27
....
3,213
3,237
L2951548.UP.FTS.B
,
25
.47
%
,
4/14/27
....
1,746
1,742
L2950216.UP.FTS.B
,
25
.49
%
,
4/14/27
....
3,845
3,873
L2951869.UP.FTS.B
,
25
.5
%
,
4/14/27
....
5,370
381
FW2950277.UP.FTS.B
,
25
.52
%
,
4/14/27
..
2,306
2,324
L2951153.UP.FTS.B
,
25
.85
%
,
4/14/27
....
1,731
1,735
FW2950220.UP.FTS.B
,
26
.02
%
,
4/14/27
..
1,403
1,413
L2951255.UP.FTS.B
,
26
.02
%
,
4/14/27
....
5,820
5,863
FW2951228.UP.FTS.B
,
26
.2
%
,
4/14/27
...
2,548
2,568
FW2944032.UP.FTS.B
,
26
.21
%
,
4/14/27
..
2,459
2,477
L2949711.UP.FTS.B
,
27
.49
%
,
4/14/27
....
1,769
1,786
FW2948773.UP.FTS.B
,
27
.56
%
,
4/14/27
..
3,273
3,298
FW2948716.UP.FTS.B
,
27
.71
%
,
4/14/27
..
6,391
6,439
FW2951423.UP.FTS.B
,
27
.85
%
,
4/14/27
..
3,128
3,153
FW2949765.UP.FTS.B
,
28
.19
%
,
4/14/27
..
7,129
7,183
FW2948843.UP.FTS.B
,
28
.64
%
,
4/14/27
..
7,149
7,203
FW2950464.UP.FTS.B
,
29
.27
%
,
4/14/27
..
2,816
2,840
FW2950412.UP.FTS.B
,
30
.37
%
,
4/14/27
..
676
674
FW2951435.UP.FTS.B
,
30
.37
%
,
4/14/27
..
1,422
1,434
FW2950357.UP.FTS.B
,
30
.48
%
,
4/14/27
..
8,051
8,118
FW2949044.UP.FTS.B
,
30
.94
%
,
4/14/27
..
3,252
3,279
FW2950648.UP.FTS.B
,
30
.95
%
,
4/14/27
..
876
884
FW2949727.UP.FTS.B
,
30
.99
%
,
4/14/27
..
1,453
1,465
FW2950633.UP.FTS.B
,
31
.02
%
,
4/14/27
..
11,013
1,659
FW2950575.UP.FTS.B
,
31
.06
%
,
4/14/27
..
1,964
1,979
FW2949627.UP.FTS.B
,
31
.09
%
,
4/14/27
..
1,209
85
FW2949803.UP.FTS.B
,
31
.16
%
,
4/14/27
..
1,827
127
FW2950561.UP.FTS.B
,
31
.2
%
,
4/14/27
...
1,092
1,100
FW2949894.UP.FTS.B
,
31
.82
%
,
4/14/27
..
2,707
2,728
FW2949051.UP.FTS.B
,
32
.15
%
,
4/14/27
..
3,552
3,578
FW2950185.UP.FTS.B
,
32
.24
%
,
4/14/27
..
3,910
3,932
FW2950232.UP.FTS.B
,
32
.3
%
,
4/14/27
...
7,674
7,584
L2048072.UP.FTS.B
,
11
.58
%
,
4/15/27
....
7,469
7,430
L2048360.UP.FTS.B
,
14
.07
%
,
4/15/27
....
4,107
3,877
FW2046887.UP.FTS.B
,
17
.65
%
,
4/15/27
..
8,227
7,812
L2046952.UP.FTS.B
,
18
.41
%
,
4/15/27
....
1,983
1,978
L2049386.UP.FTS.B
,
19
.96
%
,
4/15/27
....
3,836
3,825
FW2048990.UP.FTS.B
,
20
.89
%
,
4/15/27
..
2,305
2,190
FW2047914.UP.FTS.B
,
21
.49
%
,
4/15/27
..
18,006
2,543
FW2049296.UP.FTS.B
,
30
.21
%
,
4/15/27
..
5,987
894
L2951305.UP.FTS.B
,
20
.52
%
,
4/16/27
....
2,487
2,487
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2949973.UP.FTS.B
,
20
.99
%
,
4/16/27
....
$
4,048
$
4,048
L2950367.UP.FTS.B
,
22
.21
%
,
4/16/27
....
7,428
7,422
FW2932125.UP.FTS.B
,
30
.95
%
,
4/18/27
..
6,613
6,681
L2949050.UP.FTS.B
,
24
.74
%
,
4/20/27
....
10,455
10,558
L2047847.UP.FTS.B
,
25
.96
%
,
4/20/27
....
5,259
5,311
L2096414.UP.FTS.B
,
14
.36
%
,
4/22/27
....
3,488
3,480
L2094403.UP.FTS.B
,
16
.85
%
,
4/22/27
....
4,812
346
L2095546.UP.FTS.B
,
17
.27
%
,
4/22/27
....
2,167
185
L2950334.UP.FTS.B
,
20
.22
%
,
4/22/27
....
2,954
2,951
L2088829.UP.FTS.B
,
21
.32
%
,
4/22/27
....
7,775
7,409
L2096857.UP.FTS.B
,
21
.9
%
,
4/22/27
....
25,339
25,327
L2094965.UP.FTS.B
,
25
.66
%
,
4/22/27
....
3,336
3,231
FW2094908.UP.FTS.B
,
29
.15
%
,
4/22/27
..
35,944
36,338
FW2083347.UP.FTS.B
,
31
.08
%
,
4/22/27
..
10,415
10,070
L2950021.UP.FTS.B
,
11
.97
%
,
4/28/27
....
6,254
6,231
L2951862.UP.FTS.B
,
25
.21
%
,
4/28/27
....
1,159
1,169
FW2951725.UP.FTS.B
,
27
.54
%
,
4/28/27
..
2,865
2,895
FW2295879.UP.FTS.B
,
25
.12
%
,
5/21/27
..
17,272
1,237
L2293969.UP.FTS.B
,
25
.41
%
,
5/21/27
....
8,949
9,033
L2295630.UP.FTS.B
,
25
.47
%
,
5/21/27
....
6,022
5,810
FW2296510.UP.FTS.B
,
28
.63
%
,
5/21/27
..
4,931
4,977
FW2294827.UP.FTS.B
,
31
.11
%
,
5/21/27
..
1,679
1,693
L2298796.UP.FTS.B
,
7
.68
%
,
5/22/27
....
1,183
1,175
FW2297226.UP.FTS.B
,
17
.41
%
,
5/22/27
..
9,639
1,379
L2296567.UP.FTS.B
,
21
.87
%
,
5/22/27
....
1,326
1,343
L2298303.UP.FTS.B
,
22
.22
%
,
5/22/27
....
4,724
336
FW2297374.UP.FTS.B
,
23
.21
%
,
5/22/27
..
1,549
1,565
FW2296565.UP.FTS.B
,
24
.56
%
,
5/22/27
..
1,559
449
L2300368.UP.FTS.B
,
25
.11
%
,
5/22/27
....
1,830
282
FW2297812.UP.FTS.B
,
27
.74
%
,
5/22/27
..
3,320
3,347
FW2299110.UP.FTS.B
,
28
.13
%
,
5/22/27
..
12,373
1,886
FW2296256.UP.FTS.B
,
30
.68
%
,
5/22/27
..
2,468
2,383
L2292250.UP.FTS.B
,
12
.42
%
,
5/26/27
....
7,177
7,126
L2300474.UP.FTS.B
,
25
.38
%
,
5/27/27
....
1,913
1,930
FW2294223.UP.FTS.B
,
31
.19
%
,
6/05/27
..
19,711
5,618
L2275604.UP.FTS.B
,
8
%
,
6/06/27
.......
6,362
863
FW2296458.UP.FTS.B
,
30
.75
%
,
6/06/27
..
6,181
6,241
L2425627.UP.FTS.B
,
6
.24
%
,
6/13/27
....
15,571
15,452
L2428326.UP.FTS.B
,
7
.87
%
,
6/13/27
....
6,593
382
FW2423719.UP.FTS.B
,
8
.04
%
,
6/13/27
...
9,454
9,387
L2427221.UP.FTS.B
,
9
.21
%
,
6/13/27
....
2,122
2,107
FW2427741.UP.FTS.B
,
9
.76
%
,
6/13/27
...
4,854
4,822
L2423738.UP.FTS.B
,
10
.57
%
,
6/13/27
....
2,125
291
L2422943.UP.FTS.B
,
17
.4
%
,
6/13/27
....
5,396
477
L2426279.UP.FTS.B
,
17
.73
%
,
6/13/27
....
2,677
2,664
FW2427001.UP.FTS.B
,
25
.82
%
,
6/13/27
..
7,298
7,329
FW2423361.UP.FTS.B
,
26
.6
%
,
6/13/27
...
2,507
2,522
FW2425746.UP.FTS.B
,
27
.06
%
,
6/13/27
..
7,667
–
FW2425689.UP.FTS.B
,
27
.43
%
,
6/13/27
..
8,830
2,501
FW2424974.UP.FTS.B
,
28
.61
%
,
6/13/27
..
11,667
11,800
FW2425524.UP.FTS.B
,
29
.54
%
,
6/13/27
..
17,958
60
FW2427523.UP.FTS.B
,
29
.85
%
,
6/13/27
..
2,801
813
FW2424580.UP.FTS.B
,
31
.2
%
,
6/13/27
...
14,775
14,890
L2432199.UP.FTS.B
,
7
.42
%
,
6/14/27
....
2,630
2,610
FW2429579.UP.FTS.B
,
8
.83
%
,
6/14/27
...
3,805
3,780
L2432951.UP.FTS.B
,
9
.1
%
,
6/14/27
.....
12,213
833
L2433061.UP.FTS.B
,
9
.38
%
,
6/14/27
....
5,702
772
L2432731.UP.FTS.B
,
13
.82
%
,
6/14/27
....
18,624
1,352
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
127
Description
Principal
Amount
Value
Marketplace
Loans
(continued)
Upstart
Network,
Inc.
(continued)
L2435410.UP.FTS.B
,
17
.3
%
,
6/14/27
....
$
8,286
$
8,255
L2428990.UP.FTS.B
,
21
.05
%
,
6/14/27
....
14,229
14,357
L2429021.UP.FTS.B
,
22
.9
%
,
6/14/27
....
5,341
–
L2429502.UP.FTS.B
,
23
.45
%
,
6/14/27
....
1,538
1,549
FW2432066.UP.FTS.B
,
25
.64
%
,
6/14/27
..
11,593
831
FW2434573.UP.FTS.B
,
26
.92
%
,
6/14/27
..
8,665
620
FW2431660.UP.FTS.B
,
30
.55
%
,
6/14/27
..
8,576
1,226
FW2429288.UP.FTS.B
,
33
.13
%
,
6/14/27
..
1,178
699
L2434966.UP.FTS.B
,
13
.37
%
,
6/15/27
....
7,069
6,668
L2438839.UP.FTS.B
,
7
.09
%
,
6/18/27
....
14,809
1,975
FW2435774.UP.FTS.B
,
7
.71
%
,
6/18/27
...
1,866
1,756
L2437345.UP.FTS.B
,
17
.3
%
,
6/18/27
....
8,034
582
L2437879.UP.FTS.B
,
24
.72
%
,
6/18/27
....
1,226
88
FW2435640.UP.FTS.B
,
28
.51
%
,
6/18/27
..
4,318
1,232
L2437642.UP.FTS.B
,
9
.64
%
,
6/20/27
....
664
660
L2422890.UP.FTS.B
,
23
.18
%
,
6/23/27
....
2,882
430
FW2438645.UP.FTS.B
,
31
.19
%
,
6/26/27
..
2,566
2,577
L2431725.UP.FTS.B
,
12
.26
%
,
6/28/27
....
25,315
25,166
L2581968.UP.FTS.B
,
13
.8
%
,
7/10/27
....
7,028
6,967
L2607609.UP.FTS.B
,
15
.09
%
,
7/10/27
....
2,216
2,200
L2607076.UP.FTS.B
,
16
.42
%
,
7/10/27
....
17,409
17,278
FW2602895.UP.FTS.B
,
17
.44
%
,
7/10/27
..
7,798
7,745
L2608553.UP.FTS.B
,
23
.5
%
,
7/10/27
....
7,612
7,664
FW2605866.UP.FTS.B
,
29
.72
%
,
7/10/27
..
366
363
FW2603700.UP.FTS.B
,
31
.08
%
,
7/10/27
..
1,831
1,846
FW2602032.UP.FTS.B
,
31
.57
%
,
7/10/27
..
4,612
4,650
L2615143.UP.FTS.B
,
13
.89
%
,
7/11/27
....
2,722
2,708
L2611504.UP.FTS.B
,
16
.36
%
,
7/11/27
....
4,092
4,061
FW2609511.UP.FTS.B
,
18
.92
%
,
7/11/27
..
10,597
10,572
L2612995.UP.FTS.B
,
19
.69
%
,
7/11/27
....
7,995
576
L2613825.UP.FTS.B
,
20
.6
%
,
7/11/27
.....
1,800
1,784
L2612062.UP.FTS.B
,
21
.51
%
,
7/11/27
....
1,398
199
L2605257.UP.FTS.B
,
21
.7
%
,
7/11/27
.....
744
748
FW2610184.UP.FTS.B
,
23
.94
%
,
7/11/27
..
15,900
15,923
L2614217.UP.FTS.B
,
24
.23
%
,
7/11/27
....
1,793
1,805
FW2613347.UP.FTS.B
,
26
.68
%
,
7/11/27
..
1,047
1,054
FW2613777.UP.FTS.B
,
27
.07
%
,
7/11/27
..
1,432
1,438
FW2614513.UP.FTS.B
,
28
.27
%
,
7/11/27
..
1,116
1,117
FW2610223.UP.FTS.B
,
30
.62
%
,
7/11/27
..
2,818
2,845
FW2610193.UP.FTS.B
,
30
.94
%
,
7/11/27
..
9,413
657
FW2611798.UP.FTS.B
,
31
.65
%
,
7/11/27
..
7,936
–
L2618980.UP.FTS.B
,
12
.97
%
,
7/14/27
....
12,004
11,929
L2615821.UP.FTS.B
,
16
.82
%
,
7/14/27
....
3,419
248
L2615913.UP.FTS.B
,
19
.56
%
,
7/14/27
....
4,399
4,374
L2616155.UP.FTS.B
,
19
.61
%
,
7/14/27
....
4,492
321
L2614826.UP.FTS.B
,
22
.6
%
,
7/14/27
....
4,328
4,355
L2618649.UP.FTS.B
,
24
.27
%
,
7/14/27
....
7,947
7,979
FW2618197.UP.FTS.B
,
27
.81
%
,
7/14/27
..
16,246
16,385
L1716174.UP.FTS.B
,
24
.2
%
,
7/15/27
....
12,121
12,248
FW1716481.UP.FTS.B
,
26
.69
%
,
7/15/27
..
17,342
17,321
FW2617490.UP.FTS.B
,
27
.91
%
,
7/21/27
..
23,810
23,900
FW2603295.UP.FTS.B
,
23
.18
%
,
7/24/27
..
7,097
7,118
L2603677.UP.FTS.B
,
14
.69
%
,
7/25/27
....
12,759
1,111
FW2608779.UP.FTS.B
,
24
.99
%
,
7/25/27
..
8,979
9,037
FW1882891.UP.FTS.B
,
25
.65
%
,
8/20/27
..
1,437
1,438
FW2951315.UP.FTS.B
,
9
.91
%
,
9/14/27
...
4,129
4,095
L2949275.UP.FTS.B
,
14
.68
%
,
9/14/27
....
2,748
1,474
L2949405.UP.FTS.B
,
16
.41
%
,
9/14/27
....
15,382
15,276
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2950883.UP.FTS.B
,
17
.71
%
,
9/14/27
....
$
11,691
$
839
FW2951370.UP.FTS.B
,
20
.97
%
,
9/14/27
..
7,669
7,592
L2951029.UP.FTS.B
,
21
.05
%
,
9/14/27
....
16,308
4,512
L2951265.UP.FTS.B
,
22
.27
%
,
9/14/27
....
14,150
14,052
L2951399.UP.FTS.B
,
22
.65
%
,
9/14/27
....
9,371
9,331
L2949419.UP.FTS.B
,
23
.06
%
,
9/14/27
....
2,356
2,371
FW2951123.UP.FTS.B
,
24
.74
%
,
9/14/27
..
16,323
16,420
L2949682.UP.FTS.B
,
25
.05
%
,
9/14/27
....
1,087
1,081
L2949947.UP.FTS.B
,
25
.29
%
,
9/14/27
....
1,624
1,628
L2949603.UP.FTS.B
,
25
.51
%
,
9/14/27
....
4,524
2,679
FW2949299.UP.FTS.B
,
28
.46
%
,
9/14/27
..
3,602
16
FW2950395.UP.FTS.B
,
28
.88
%
,
9/14/27
..
13,762
13,817
FW2948974.UP.FTS.B
,
29
.39
%
,
9/14/27
..
7,740
–
FW2951059.UP.FTS.B
,
31
.12
%
,
9/14/27
..
16,766
1,185
L2047067.UP.FTS.B
,
21
.22
%
,
9/15/27
....
13,696
13,649
FW2049311.UP.FTS.B
,
21
.75
%
,
9/15/27
..
3,680
3,682
L2949815.UP.FTS.B
,
25
.48
%
,
9/15/27
....
8,852
8,932
L2293030.UP.FTS.B
,
8
.8
%
,
10/21/27
....
1,788
456
FW2292945.UP.FTS.B
,
31
.23
%
,
10/21/27
.
1,980
302
L2300702.UP.FTS.B
,
15
.45
%
,
10/22/27
...
27,645
26,056
L2300131.UP.FTS.B
,
24
.08
%
,
10/22/27
...
10,275
10,296
L2421701.UP.FTS.B
,
5
.91
%
,
11/13/27
....
14,341
14,230
FW2424710.UP.FTS.B
,
21
.52
%
,
11/13/27
.
11,859
11,696
FW2430164.UP.FTS.B
,
9
.11
%
,
11/14/27
..
3,881
3,846
FW2431901.UP.FTS.B
,
9
.92
%
,
11/14/27
..
7,006
3,817
L2435424.UP.FTS.B
,
10
.13
%
,
11/21/27
...
3,197
3,179
L2607851.UP.FTS.B
,
13
.68
%
,
12/10/27
...
28,388
15,123
FW2606361.UP.FTS.B
,
25
.37
%
,
12/10/27
.
10,218
284
FW2605935.UP.FTS.B
,
31
.23
%
,
12/10/27
.
4,921
4,897
L2611597.UP.FTS.B
,
25
.33
%
,
12/11/27
...
10,007
9,943
L2611511.UP.FTS.B
,
25
.43
%
,
12/11/27
...
4,934
354
FW2617504.UP.FTS.B
,
30
.27
%
,
12/14/27
.
16,382
16,317
FW2609734.UP.FTS.B
,
31
%
,
12/16/27
...
1,000
994
FW2613645.UP.FTS.B
,
31
.4
%
,
12/23/27
..
1,552
1,543
FW2951084.UP.FTS.B
,
30
.63
%
,
2/14/28
..
13,051
13,007
L1718966.UP.FTS.B
,
18
.89
%
,
9/15/28
....
7,413
7,434
L1718702.UP.FTS.B
,
26
.02
%
,
9/15/28
....
3,936
4,020
L1886617.UP.FTS.B
,
19
.5
%
,
10/20/28
....
7,660
7,331
L1887293.UP.FTS.B
,
25
.85
%
,
10/20/28
...
8,590
8,674
L2608032.UP.FTS.B
,
17
.27
%
,
2/10/29
....
3,344
3,345
L2605139.UP.FTS.B
,
28
.33
%
,
2/10/29
....
2,117
2,144
L1718819.UP.FTS.B
,
23
.98
%
,
2/15/29
....
2,524
2,538
L2607986.UP.FTS.B
,
25
.66
%
,
7/10/29
....
18,997
19,049
6,582,271
Total
Marketplace
Loans
(Cost
$
44,922,327
)
.....
$38,727,891
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2024
Franklin
Low
Duration
Total
Return
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
128
At
July
31,
2024
,
the
Fund
had
the
following futures
contracts
outstanding.
At
July
31,
2024
,
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
321
$
35,891,812
9/19/24
$
(
1,063,768
)
U.S.
Treasury
10
Year
Ultra
Notes
................
Short
58
6,703,531
9/19/24
(
223,583
)
U.S.
Treasury
2
Year
Notes
.....................
Long
3,930
807,093,049
9/30/24
7,557,206
U.S.
Treasury
5
Year
Notes
.....................
Short
1,148
123,858,438
9/30/24
(
2,308,643
)
Total
Futures
Contracts
......................................................................
$3,961,212
*
As
of
period
end.
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
Sell
Protection
(c)
(d)
Traded
Index
CDX.NA.HY.41
.
5.00%
Quarterly
12/20/28
1,600,000
$
117,047
$
(
16,242
)
$
133,289
Non-
Investment
Grade
CDX.NA.HY.42
.
5.00%
Quarterly
6/20/29
4,100,000
302,741
208,486
94,255
Non-
Investment
Grade
Total
Centrally
Cleared
Swap
Contracts
.....................................
$419,788
$192,244
$227,544
OTC
Swap
Contracts
Contracts
to
Sell
Protection
(c)
(d)
Single
Name
Carnival
Corp.
..
1.00%
Quarterly
CITI
6/20/27
2,080,000
(
10,789
)
(
217,422
)
206,633
BB
Traded
Index
CDX.NA.HY.33
.
5.00%
Quarterly
CITI
12/20/24
12,600,000
320,616
(
57,992
)
378,608
Non-
Investment
Grade
CDX.NA.HY.39
.
5.00%
Quarterly
JPHQ
12/20/27
5,500,000
449,059
262,728
186,331
Non-
Investment
Grade
CDX.NA.IG.41
..
1.00%
Quarterly
CITI
12/20/28
12,100,000
(
373,585
)
(
355,033
)
(
18,552
)
Investment
Grade
Total
OTC
Swap
Contracts
..............................................
$385,301
$(367,719)
$753,020
Total
Credit
Default
Swap
Contracts
....................................
$805,089
$
(
175,475
)
$980,564
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
129
See
A
bbreviations
on
page
259
.
(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.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2024
Franklin
Low
Duration
U.S.
Government
Securities
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
130
a
a
Principal
Amount
a
Value
a
a
a
a
a
U.S.
Government
and
Agency
Securities
16.4%
U.S.
Treasury
Notes
,
2.625
%,
1/31/26
...................................................
$
10,000,000
$
9,735,547
2.5
%,
2/28/26
....................................................
10,162,000
9,863,888
4.875
%,
4/30/26
...................................................
23,238,000
23,434,071
4.25
%,
3/15/27
...................................................
11,000,000
11,036,738
4.5
%,
4/15/27
....................................................
15,000,000
15,146,777
Total
U.S.
Government
and
Agency
Securities
(Cost
$
68,848,343
)
.................
69,217,021
Mortgage-Backed
Securities
57.9%
a
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Adjustable
Rate
18.2%
FHLMC
,
6.118
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
10/01/43
..................................................
1,858,065
1,902,255
FHLMC
,
6.17
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
8/01/47
...................................................
4,882,466
5,037,239
FHLMC
,
6.2
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
10/01/46
..................................................
3,729,957
3,825,275
FHLMC
,
6.283
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
9/01/37
...................................................
4,274,437
4,414,555
FHLMC
,
6.309
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
6/01/47
...................................................
5,191,797
5,340,607
FHLMC
,
6.331
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
1/01/44
...................................................
1,918,115
1,985,508
FHLMC
,
6.336
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
7/01/43
...................................................
2,055,216
2,130,660
FHLMC
,
6.367
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
11/01/46
..................................................
5,315,618
5,463,449
FHLMC
,
6.401
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
7/01/46
...................................................
7,653,839
7,872,925
FHLMC
,
6.411
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
11/01/46
..................................................
3,981,284
4,112,302
FHLMC
,
6.592
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
7/01/43
...................................................
1,880,605
1,939,606
FHLMC
,
6.882
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
6/01/37
...................................................
1,996,986
2,067,964
FHLMC
,
7.12
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
11/01/40
..................................................
1,769,288
1,840,673
FHLMC
,
6.079
%
-
7.139
%,
(
6-month
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
4/01/36
-
1/01/37
.......................................
261,548
261,451
FHLMC
,
5.621
%
-
7.601
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
8/01/34
-
5/01/45
.......................................
21,221,527
21,662,091
FHLMC
,
6.374
%
-
7.872
%,
(
1-year
CMT
T-Note
+/-
MBS
Margin),
8/01/33
-
6/01/37
..
6,469,809
6,684,477
76,541,037
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Fixed
Rate
0.5%
FHLMC
Pool,
30
Year
,
6
%,
5/01/53
......................................
2,122,957
2,156,199
a
Federal
National
Mortgage
Association
(FNMA)
Adjustable
Rate
34.4%
FNMA
,
4.517
%,
(
COFI
11th
District
+/-
MBS
Margin),
4/01/34
..................
4,553,456
4,415,670
FNMA
,
3.059
%
-
5.348
%,
(
3-year
CMT
T-Note
+/-
MBS
Margin),
1/01/26
-
7/01/34
...
58,077
57,799
FNMA
,
4.436
%
-
5.498
%,
(
COFI
11th
District
+/-
MBS
Margin),
1/01/25
-
12/01/37
...
2,152,873
2,095,243
FNMA
,
3.564
%
-
6.047
%,
(
5-year
CMT
T-Note
+/-
MBS
Margin),
4/01/27
-
2/01/30
...
22,041
21,968
FNMA
,
6.337
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
9/01/38
...................................................
6,745,401
6,981,667
FNMA
,
6.373
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
3/01/35
...................................................
2,175,638
2,238,839
FNMA
,
6.482
%,
(
1-month
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
8/01/27
...................................................
43,947
43,754
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
131
a
a
Principal
Amount
a
Value
a
a
a
a
a
Mortgage-Backed
Securities
(continued)
a
Federal
National
Mortgage
Association
(FNMA)
Adjustable
Rate
(continued)
FNMA
,
6.522
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
4/01/44
...................................................
$
17,240,876
$
17,801,608
FNMA
,
6.524
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
4/01/40
...................................................
2,636,181
2,727,709
FNMA
,
6.564
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
4/01/47
...................................................
9,953,198
10,334,735
FNMA
,
6.567
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
7/01/42
...................................................
2,611,675
2,707,449
FNMA
,
6.754
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
5/01/47
...................................................
4,245,184
4,372,436
FNMA
,
6.812
%,
(
1-year
CMT
T-Note
+/-
MBS
Margin),
5/01/36
.................
4,538,768
4,704,828
FNMA
,
6.814
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
9/01/45
...................................................
2,455,905
2,542,225
FNMA
,
7.209
%,
(
6-month
H15BDI
+/-
MBS
Margin),
11/01/34
..................
42,052
42,196
FNMA
,
5.615
%
-
7.766
%,
(
6-month
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
8/01/27
-
12/01/37
......................................
10,966,231
11,046,635
FNMA
,
3.925
%
-
7.939
%,
(
1-year
CMT
T-Note
+/-
MBS
Margin),
9/01/24
-
12/01/40
..
15,157,424
15,517,356
FNMA
,
5.483
%
-
8.308
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
4/01/32
-
5/01/48
.......................................
53,108,651
54,086,391
FNMA
,
5.873
%
-
8.325
%,
(
12-month
average
of
1-year
CMT
+/-
MBS
Margin),
12/01/26
-
11/01/44
................................................
2,833,782
2,858,176
144,596,684
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
4.7%
FNMA,
30
Year
,
5.5
%,
4/01/53
.........................................
12,841,968
12,874,723
FNMA,
30
Year
,
5.5
%,
3/01/54
.........................................
2,142,984
2,146,527
FNMA,
30
Year
,
6
%,
7/01/53
...........................................
4,823,391
4,895,685
19,916,935
a
Government
National
Mortgage
Association
(GNMA)
Adjustable
Rate
0.1%
GNMA
II
,
3.625
%
-
4.875
%,
(
1-year
CMT
T-Note
+/-
MBS
Margin),
9/20/33
-
5/20/36
.
261,713
261,561
261,561
Total
Mortgage-Backed
Securities
(Cost
$
248,455,594
)
...........................
243,472,416
Agency
Commercial
Mortgage-Backed
Securities
20.4%
Financial
Services
20.4%
b
FHLMC
,
4988
,
AF
,
FRN
,
5.789
%
,
(
30-day
SOFR
Average
+
0.464
%
),
10/15/37
..........
3,897,267
3,871,694
4891
,
AF
,
FRN
,
5.839
%
,
(
30-day
SOFR
Average
+
0.514
%
),
7/15/42
...........
6,024,498
6,111,401
343
,
F4
,
FRN
,
5.789
%
,
Strip
,
(
30-day
SOFR
Average
+
0.464
%
),
10/15/37
.......
3,653,993
3,605,491
4989
,
FA
,
FRN
,
5.789
%
,
(
30-day
SOFR
Average
+
0.464
%
),
8/15/40
...........
4,957,788
4,984,000
4915
,
FE
,
FRN
,
5.839
%
,
(
30-day
SOFR
Average
+
0.514
%
),
2/15/38
...........
7,538,581
7,606,002
4895
,
GF
,
FRN
,
5.839
%
,
(
30-day
SOFR
Average
+
0.514
%
),
11/15/43
..........
5,672,473
5,595,375
4197
,
KF
,
FRN
,
5.739
%
,
(
30-day
SOFR
Average
+
0.414
%
),
9/15/37
...........
2,015,376
1,937,233
4107
,
KF
,
FRN
,
5.829
%
,
(
30-day
SOFR
Average
+
0.504
%
),
6/15/38
...........
1,741,864
1,713,652
4215
,
KF
,
FRN
,
5.739
%
,
(
30-day
SOFR
Average
+
0.414
%
),
2/15/40
...........
1,312,483
1,270,130
4730
,
WF
,
FRN
,
5.789
%
,
(
30-day
SOFR
Average
+
0.464
%
),
8/15/38
...........
3,395,992
3,348,065
4794
,
WF
,
FRN
,
5.789
%
,
(
30-day
SOFR
Average
+
0.464
%
),
3/15/43
...........
3,642,294
3,624,962
b
FHLMC,
Multi-family
Structured
Pass-Through
Certificates
,
KF160
,
AS
,
FRN
,
6.036
%
,
(
30-day
SOFR
Average
+
0.7
%
),
10/25/30
...........
3,625,372
3,645,098
KF163
,
AS
,
FRN
,
5.916
%
,
(
30-day
SOFR
Average
+
0.58
%
),
4/25/34
...........
2,950,000
2,947,361
b
FNMA
,
2019-38
,
AF
,
FRN
,
5.839
%
,
(
30-day
SOFR
Average
+
0.514
%
),
7/25/49
.........
4,172,536
4,107,688
2019-59
,
BF
,
FRN
,
5.839
%
,
(
30-day
SOFR
Average
+
0.514
%
),
10/25/49
........
5,959,194
6,082,478
2019-38
,
CF
,
FRN
,
5.912
%
,
(
30-day
SOFR
Average
+
0.564
%
),
7/25/49
.........
1,332,833
1,309,298
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.
132
At
July
31,
2024,
the
Fund
had
the
following futures
contracts
outstanding.
See
Abbreviations
on
page
259
.
a
a
Principal
Amount
a
Value
a
a
a
a
a
Agency
Commercial
Mortgage-Backed
Securities
(continued)
Financial
Services
(continued)
b
FNMA,
(continued)
2021-44
,
FA
,
FRN
,
5.525
%
,
(
30-day
SOFR
Average
+
0.2
%
),
6/25/45
...........
$
4,779,048
$
4,884,801
2020-54
,
WF
,
FRN
,
3.622
%
,
(
30-day
SOFR
Average
+
0.564
%
),
8/25/50
........
3,661,437
3,533,137
2021-8
,
YF
,
FRN
,
5.525
%
,
(
30-day
SOFR
Average
+
0.2
%
),
3/25/61
............
10,000,262
10,010,690
2021-36
,
YF
,
FRN
,
5.525
%
,
(
30-day
SOFR
Average
+
0.2
%
),
6/25/61
...........
4,920,328
4,962,693
b
GNMA
,
2010-12
,
FD
,
FRN
,
6.042
%
,
(
1-month
SOFR
+
0.714
%
),
1/16/40
..........
525,291
524,507
85,675,756
a
a
a
a
a
Total
Agency
Commercial
Mortgage-Backed
Securities
(Cost
$
85,897,399
)
.........
85,675,756
Total
Long
Term
Investments
(Cost
$
403,201,336
)
...............................
398,365,193
a
a
a
a
a
Short
Term
Investments
4.1%
Shares
a
Money
Market
Funds
4.1%
c,d
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
5.002
%
..................
17,276,433
17,276,433
Total
Money
Market
Funds
(Cost
$
17,276,433
)
..................................
17,276,433
Total
Short
Term
Investments
(Cost
$
17,276,433
)
................................
17,276,433
a
Total
Investments
(Cost
$
420,477,769
)
98.8
%
...................................
$415,641,626
Other
Assets,
less
Liabilities
1.2
%
.............................................
4,941,119
Net
Assets
100.0%
...........................................................
$420,582,745
a
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).
b
The
coupon
rate
shown
represents
the
rate
inclusive
of
any
caps
or
floors,
if
applicable,
in
effect
at
period
end.
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
80
$
9,246,250
9/19/24
$
(
308,390
)
U.S.
Treasury
2
Year
Notes
.....................
Long
547
112,335,852
9/30/24
1,060,147
U.S.
Treasury
5
Year
Notes
.....................
Short
52
5,610,312
9/30/24
(
119,739
)
Total
Futures
Contracts
......................................................................
$632,018
*
As
of
period
end.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2024
Franklin
Managed
Income
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
133
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
33.3%
Aerospace
&
Defense
1.7%
a
Lockheed
Martin
Corp.
...............................
United
States
75,000
$
40,644,000
RTX
Corp.
........................................
United
States
155,000
18,210,950
58,854,950
Banks
3.1%
Bank
of
America
Corp.
...............................
United
States
750,000
30,232,500
Fifth
Third
Bancorp
..................................
United
States
300,000
12,702,000
JPMorgan
Chase
&
Co.
...............................
United
States
185,000
39,368,000
Truist
Financial
Corp.
................................
United
States
350,000
15,641,500
US
Bancorp
.......................................
United
States
250,000
11,220,000
109,164,000
Beverages
0.7%
Coca-Cola
Co.
(The)
.................................
United
States
125,000
8,342,500
PepsiCo,
Inc.
......................................
United
States
100,000
17,267,000
25,609,500
Biotechnology
1.0%
a
AbbVie,
Inc.
.......................................
United
States
200,000
37,064,000
Building
Products
0.4%
Johnson
Controls
International
plc
.......................
United
States
200,000
14,308,000
Capital
Markets
1.7%
a
Charles
Schwab
Corp.
(The)
...........................
United
States
199,900
13,031,481
Morgan
Stanley
.....................................
United
States
450,000
46,444,500
59,475,981
Chemicals
1.4%
Air
Products
and
Chemicals,
Inc.
........................
United
States
100,000
26,385,000
a
Albemarle
Corp.
....................................
United
States
100,000
9,367,000
a
LyondellBasell
Industries
NV
,
A
.........................
United
States
150,000
14,919,000
50,671,000
Communications
Equipment
1.1%
Cisco
Systems,
Inc.
.................................
United
States
800,000
38,760,000
Consumer
Staples
Distribution
&
Retail
0.4%
a
Target
Corp.
.......................................
United
States
100,000
15,041,000
Diversified
Telecommunication
Services
0.1%
Verizon
Communications,
Inc.
..........................
United
States
100,000
4,052,000
Electric
Utilities
3.8%
Duke
Energy
Corp.
..................................
United
States
400,000
43,708,000
Edison
International
.................................
United
States
350,000
28,003,500
NextEra
Energy,
Inc.
.................................
United
States
275,000
21,007,250
Southern
Co.
(The)
..................................
United
States
500,000
41,760,000
134,478,750
Ground
Transportation
0.6%
Union
Pacific
Corp.
..................................
United
States
85,000
20,972,050
Health
Care
Providers
&
Services
1.2%
CVS
Health
Corp.
...................................
United
States
200,000
12,066,000
UnitedHealth
Group,
Inc.
..............................
United
States
50,000
28,808,000
40,874,000
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
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Hotels,
Restaurants
&
Leisure
0.5%
a
Starbucks
Corp.
....................................
United
States
250,000
$
19,487,500
Household
Products
0.9%
Procter
&
Gamble
Co.
(The)
...........................
United
States
200,000
32,152,000
Industrial
Conglomerates
0.6%
Honeywell
International,
Inc.
...........................
United
States
100,000
20,475,000
IT
Services
0.3%
International
Business
Machines
Corp.
...................
United
States
50,000
9,607,000
Media
0.9%
Comcast
Corp.
,
A
...................................
United
States
760,000
31,365,200
Metals
&
Mining
0.7%
Rio
Tinto
plc
,
ADR
...................................
Australia
400,000
26,064,000
Multi-Utilities
1.1%
DTE
Energy
Co.
....................................
United
States
150,000
18,079,500
Sempra
...........................................
United
States
250,000
20,015,000
38,094,500
Oil,
Gas
&
Consumable
Fuels
4.6%
a
Chevron
Corp.
.....................................
United
States
500,000
80,235,000
ConocoPhillips
.....................................
United
States
200,000
22,240,000
Exxon
Mobil
Corp.
...................................
United
States
500,000
59,295,000
161,770,000
Pharmaceuticals
2.4%
AstraZeneca
plc
,
ADR
................................
United
Kingdom
250,000
19,787,500
Johnson
&
Johnson
.................................
United
States
300,000
47,355,000
Merck
&
Co.,
Inc.
...................................
United
States
150,000
16,969,500
84,112,000
Semiconductors
&
Semiconductor
Equipment
1.9%
a
Analog
Devices,
Inc.
.................................
United
States
200,000
46,276,000
Texas
Instruments,
Inc.
...............................
United
States
100,000
20,381,000
66,657,000
Specialty
Retail
1.6%
Home
Depot,
Inc.
(The)
...............................
United
States
150,000
55,224,000
Tobacco
0.6%
Philip
Morris
International,
Inc.
.........................
United
States
200,000
23,032,000
Total
Common
Stocks
(Cost
$
888,700,633
)
...................................
1,177,365,431
Equity-Linked
Securities
8.8%
Aerospace
&
Defense
1.6%
b
BNP
Paribas
Issuance
BV
into
Northrop
Grumman
Corp.
,
144A,
7.5
%
,
9/10/24
....................................
United
States
54,000
23,482,093
b
Merrill
Lynch
International
&
Co.
CV
into
RTX
Corp.
,
144A,
7.5
%
,
10/02/24
........................................
United
States
295,700
25,330,314
b
Wells
Fargo
Bank
NA
into
Boeing
Co.
(The)
,
144A,
9
%
,
6/17/25
United
States
50,000
9,093,962
57,906,369
Air
Freight
&
Logistics
0.5%
b
Merrill
Lynch
International
&
Co.
CV
into
United
Parcel
Service,
Inc.
,
144A,
8.5
%
,
10/02/24
...........................
United
States
143,650
18,783,970
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
Shares
a
Value
a
a
a
a
a
a
Equity-Linked
Securities
(continued)
Banks
0.5%
b
BNP
Paribas
Issuance
BV
into
Bank
of
America
Corp.
,
144A,
8.5
%
,
2/26/25
....................................
United
States
250,000
$
9,061,817
b
Citigroup
Global
Markets
Holdings,
Inc.
into
Bank
of
America
Corp.
,
144A,
8
%
,
8/16/24
............................
United
States
200,000
7,203,820
16,265,637
Broadline
Retail
0.4%
b
Goldman
Sachs
International
Bank
into
Amazon.com,
Inc.
,
144A,
9
%
,
11/20/24
.....................................
United
States
98,000
12,894,481
Consumer
Staples
Distribution
&
Retail
0.5%
b
Barclays
Bank
plc
into
Target
Corp.
,
144A,
8.5
%
,
10/08/24
....
United
States
135,000
19,031,512
Interactive
Media
&
Services
0.3%
b
JPMorgan
Chase
Bank
NA
into
Alphabet,
Inc.
,
144A,
8
%
,
3/28/25
United
States
75,000
11,558,795
IT
Services
0.4%
b
Barclays
Bank
plc
into
International
Business
Machines
Corp.
,
144A,
8.5
%
,
6/09/25
...............................
United
States
80,000
14,594,112
Metals
&
Mining
0.7%
b
BNP
Paribas
Issuance
BV
into
Freeport-McMoRan,
Inc.
,
144A,
10
%
,
8/12/25
.....................................
United
States
525,000
23,645,028
Oil,
Gas
&
Consumable
Fuels
0.4%
b
Citigroup
Global
Markets
Holdings,
Inc.
into
Exxon
Mobil
Corp.
,
144A,
9
%
,
3/12/25
.................................
United
States
115,000
12,642,920
Pharmaceuticals
0.7%
b
National
Bank
of
Canada
into
Bristol-Myers
Squibb
Co.
,
144A,
8
%
,
9/05/24
......................................
United
States
530,000
25,444,833
Semiconductors
&
Semiconductor
Equipment
1.4%
b
Mizuho
Markets
Cayman
LP
into
Microchip
Technology,
Inc.
,
144A,
10
%
,
11/12/24
...............................
United
States
150,000
12,667,752
b
Royal
Bank
of
Canada
into
Texas
Instruments,
Inc.
,
144A,
8
%
,
6/11/25
.........................................
United
States
175,000
35,626,285
48,294,037
Software
1.4%
b
Societe
Generale
SA
into
Workday,
Inc.
,
144A,
9
%
,
11/13/24
...
United
States
115,000
25,489,369
b
UBS
AG
into
Oracle
Corp.
,
144A,
9
%
,
6/10/25
..............
United
States
185,000
24,110,326
49,599,695
Total
Equity-Linked
Securities
(Cost
$
305,171,790
)
............................
310,661,389
Convertible
Preferred
Stocks
0.9%
Chemicals
0.3%
Albemarle
Corp.
,
7.25
%
..............................
United
States
240,000
10,732,800
Electric
Utilities
0.6%
c
NextEra
Energy,
Inc.
,
6.926
%
..........................
United
States
500,000
22,080,000
Total
Convertible
Preferred
Stocks
(Cost
$
34,220,190
)
.........................
32,812,800
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
44.8%
Aerospace
&
Defense
0.9%
Boeing
Co.
(The)
,
Senior
Bond
,
3.2
%
,
3/01/29
..........................
United
States
15,000,000
$
13,614,662
Senior
Note
,
5.04
%
,
5/01/27
.........................
United
States
5,000,000
4,966,625
Senior
Note
,
5.15
%
,
5/01/30
.........................
United
States
15,000,000
14,777,884
33,359,171
Automobiles
0.4%
c
General
Motors
Co.
,
Senior
Bond
,
5.6
%
,
10/15/32
...........
United
States
15,000,000
15,306,827
Banks
6.0%
Bank
of
America
Corp.
,
Senior
Bond
,
3.419%
to
12/19/27,
FRN
thereafter
,
12/20/28
.
United
States
20,000,000
19,118,095
Senior
Bond
,
5.872%
to
9/14/33,
FRN
thereafter
,
9/15/34
...
United
States
15,000,000
15,747,685
Barclays
plc
,
Senior
Bond
,
4.337
%
,
1/10/28
........................
United
Kingdom
15,000,000
14,674,190
Senior
Bond
,
5.746%
to
8/08/32,
FRN
thereafter
,
8/09/33
...
United
Kingdom
10,000,000
10,235,731
Senior
Note
,
7.385%
to
11/01/27,
FRN
thereafter
,
11/02/28
..
United
Kingdom
15,000,000
15,996,254
Citigroup,
Inc.
,
Senior
Bond
,
3.668%
to
7/23/27,
FRN
thereafter
,
7/24/28
...
United
States
20,000,000
19,325,377
Senior
Bond
,
6.27%
to
11/16/32,
FRN
thereafter
,
11/17/33
...
United
States
10,000,000
10,715,272
Fifth
Third
Bancorp
,
Senior
Note
,
6.339%
to
7/26/28,
FRN
thereafter
,
7/27/29
.................................
United
States
10,000,000
10,424,684
JPMorgan
Chase
&
Co.
,
d
Junior
Sub.
Bond
,
6.875%
to
5/31/29,
FRN
thereafter
,
Perpetual
.......................................
United
States
10,000,000
10,357,534
Senior
Bond
,
6.254%
to
10/22/33,
FRN
thereafter
,
10/23/34
.
United
States
10,000,000
10,829,239
PNC
Financial
Services
Group,
Inc.
(The)
,
Senior
Bond
,
6.037%
to
10/27/32,
FRN
thereafter
,
10/28/33
...................
United
States
10,000,000
10,540,222
Truist
Bank
,
Sub.
Bond
,
2.636%
to
9/16/24,
FRN
thereafter
,
9/17/29
.........................................
United
States
10,000,000
9,866,563
Truist
Financial
Corp.
,
Senior
Bond
,
5.122%
to
1/25/33,
FRN
thereafter
,
1/26/34
.................................
United
States
10,000,000
9,814,404
US
Bancorp
,
Senior
Bond
,
5.85%
to
10/20/32,
FRN
thereafter
,
10/21/33
..
United
States
10,000,000
10,385,132
Senior
Note
,
4.548%
to
7/21/27,
FRN
thereafter
,
7/22/28
....
United
States
10,000,000
9,902,604
Wells
Fargo
&
Co.
,
Senior
Bond
,
5.389%
to
4/23/33,
FRN
thereafter
,
4/24/34
.................................
United
States
25,000,000
25,301,100
213,234,086
Biotechnology
0.8%
AbbVie,
Inc.
,
Senior
Bond
,
4.55
%
,
3/15/35
................
United
States
15,000,000
14,616,208
Amgen,
Inc.
,
Senior
Bond
,
5.25
%
,
3/02/33
.................
United
States
15,000,000
15,251,625
29,867,833
Building
Products
0.6%
Carrier
Global
Corp.
,
Senior
Bond
,
5.9
%
,
3/15/34
...........
United
States
20,000,000
21,410,090
Capital
Markets
2.1%
Charles
Schwab
Corp.
(The)
,
Senior
Bond
,
5.853%
to
5/18/33,
FRN
thereafter
,
5/19/34
.............................
United
States
10,000,000
10,378,028
Goldman
Sachs
Group,
Inc.
(The)
,
Senior
Bond
,
2.65%
to
10/20/31,
FRN
thereafter
,
10/21/32
..
United
States
15,000,000
12,779,047
Senior
Bond
,
6.561%
to
10/23/33,
FRN
thereafter
,
10/24/34
.
United
States
10,000,000
10,998,453
Morgan
Stanley
,
Senior
Bond
,
2.699%
to
1/21/30,
FRN
thereafter
,
1/22/31
...
United
States
10,000,000
8,943,289
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)
Capital
Markets
(continued)
Morgan
Stanley,
(continued)
Senior
Bond
,
6.342%
to
10/17/32,
FRN
thereafter
,
10/18/33
.
United
States
15,000,000
$
16,243,757
Senior
Bond
,
5.424%
to
7/20/33,
FRN
thereafter
,
7/21/34
...
United
States
15,000,000
15,231,443
74,574,017
Chemicals
1.4%
Celanese
US
Holdings
LLC
,
Senior
Note
,
6.33
%
,
7/15/29
.....
United
States
20,000,000
20,938,509
Dow
Chemical
Co.
(The)
,
Senior
Bond
,
6.3
%
,
3/15/33
........
United
States
10,000,000
10,796,100
Huntsman
International
LLC
,
Senior
Bond
,
4.5
%
,
5/01/29
.....
United
States
20,000,000
19,297,732
51,032,341
Consumer
Finance
3.1%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
,
Senior
Bond
,
3.3
%
,
1/30/32
..........................
Ireland
20,000,000
17,616,866
Capital
One
Financial
Corp.
,
Senior
Bond
,
5.268%
to
5/09/32,
FRN
thereafter
,
5/10/33
...
United
States
10,000,000
9,864,514
Senior
Note
,
6.312%
to
6/07/28,
FRN
thereafter
,
6/08/29
....
United
States
10,000,000
10,374,165
Senior
Note
,
3.273%
to
2/28/29,
FRN
thereafter
,
3/01/30
....
United
States
15,000,000
13,819,400
Ford
Motor
Credit
Co.
LLC
,
Senior
Note
,
7.35
%
,
11/04/27
........................
United
States
15,000,000
15,807,072
Senior
Note
,
3.625
%
,
6/17/31
........................
United
States
15,000,000
13,143,912
General
Motors
Financial
Co.,
Inc.
,
Senior
Bond
,
3.6
%
,
6/21/30
..........................
United
States
20,000,000
18,394,761
Senior
Bond
,
6.4
%
,
1/09/33
..........................
United
States
10,000,000
10,573,131
109,593,821
Diversified
REITs
0.5%
b
VICI
Properties
LP
/
VICI
Note
Co.,
Inc.
,
Senior
Bond
,
144A,
4.625
%
,
12/01/29
..................................
United
States
20,000,000
19,276,742
Diversified
Telecommunication
Services
0.5%
Verizon
Communications,
Inc.
,
Senior
Note
,
2.355
%
,
3/15/32
..
United
States
20,000,000
16,737,278
Electric
Utilities
3.3%
Edison
International
,
Senior
Note
,
6.95
%
,
11/15/29
..........
United
States
20,000,000
21,669,982
b
NRG
Energy,
Inc.
,
Senior
Secured
Bond
,
144A,
7
%
,
3/15/33
...
United
States
10,000,000
10,733,210
Pacific
Gas
and
Electric
Co.
,
Senior
Bond
,
4.55
%
,
7/01/30
.........................
United
States
25,000,000
24,205,600
Senior
Bond
,
6.15
%
,
1/15/33
.........................
United
States
10,000,000
10,422,241
Southern
Co.
(The)
,
Senior
Bond
,
5.7
%
,
10/15/32
...........
United
States
15,000,000
15,698,573
b
Vistra
Operations
Co.
LLC
,
Senior
Secured
Bond
,
144A,
4.3
%
,
7/15/29
.........................................
United
States
36,000,000
34,605,187
117,334,793
Electrical
Equipment
0.6%
Regal
Rexnord
Corp.
,
Senior
Note
,
6.05
%
,
4/15/28
..........
United
States
20,000,000
20,502,680
Electronic
Equipment,
Instruments
&
Components
1.3%
Flex
Ltd.
,
Senior
Bond
,
4.875
%
,
5/12/30
........................
United
States
20,000,000
19,722,379
Senior
Note
,
6
%
,
1/15/28
...........................
United
States
10,000,000
10,292,360
Jabil,
Inc.
,
Senior
Bond
,
3
%
,
1/15/31
.....................
United
States
20,000,000
17,391,982
47,406,721
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)
Food
Products
1.4%
JBS
USA
Holding
Lux
SARL
/
JBS
USA
Food
Co.
/
JBS
Lux
Co.
SARL
,
b
Senior
Bond
,
144A,
6.75
%
,
3/15/34
....................
United
States
15,000,000
$
16,061,565
Senior
Note
,
5.5
%
,
1/15/30
..........................
United
States
10,000,000
9,971,456
Senior
Note
,
3.75
%
,
12/01/31
........................
United
States
5,000,000
4,444,699
Pilgrim's
Pride
Corp.
,
Senior
Note
,
4.25
%
,
4/15/31
..........
United
States
21,000,000
19,502,074
49,979,794
Ground
Transportation
0.7%
b
Ashtead
Capital,
Inc.
,
Senior
Bond
,
144A,
5.5
%
,
8/11/32
.....................
United
Kingdom
15,000,000
14,998,730
Senior
Bond
,
144A,
5.95
%
,
10/15/33
...................
United
Kingdom
10,000,000
10,277,266
25,275,996
Health
Care
Equipment
&
Supplies
0.5%
GE
HealthCare
Technologies,
Inc.
,
Senior
Note
,
5.905
%
,
11/22/32
United
States
15,000,000
15,806,205
Health
Care
Providers
&
Services
2.6%
Centene
Corp.
,
Senior
Note
,
4.625
%
,
12/15/29
.............
United
States
25,000,000
24,080,768
CVS
Health
Corp.
,
Senior
Bond
,
3.25
%
,
8/15/29
............
United
States
10,000,000
9,263,974
b
Fresenius
Medical
Care
US
Finance
III,
Inc.
,
Senior
Bond
,
144A,
3
%
,
12/01/31
.....................................
Germany
20,000,000
16,707,207
HCA,
Inc.
,
Senior
Bond
,
4.125
%
,
6/15/29
........................
United
States
10,000,000
9,650,510
Senior
Bond
,
5.5
%
,
6/01/33
..........................
United
States
15,000,000
15,188,705
Humana,
Inc.
,
Senior
Bond
,
5.875
%
,
3/01/33
...............
United
States
15,000,000
15,588,904
90,480,068
Health
Care
REITs
0.6%
Healthpeak
OP
LLC
,
Senior
Note
,
5.25
%
,
12/15/32
..........
United
States
20,000,000
20,150,476
Hotels,
Restaurants
&
Leisure
0.7%
Expedia
Group,
Inc.
,
Senior
Bond
,
3.8
%
,
2/15/28
..........................
United
States
15,000,000
14,490,695
Senior
Note
,
5
%
,
2/15/26
...........................
United
States
10,000,000
10,002,120
24,492,815
Household
Durables
0.3%
Toll
Brothers
Finance
Corp.
,
Senior
Bond
,
4.35
%
,
2/15/28
.....
United
States
10,000,000
9,795,067
Insurance
1.3%
Brown
&
Brown,
Inc.
,
Senior
Bond
,
2.375
%
,
3/15/31
.........
United
States
31,000,000
26,094,655
b
Five
Corners
Funding
Trust
III
,
Senior
Note
,
144A,
5.791
%
,
2/15/33
.........................................
United
States
10,000,000
10,443,368
MetLife,
Inc.
,
Junior
Sub.
Bond
,
6.4
%
,
12/15/36
.............
United
States
10,000,000
10,215,690
46,753,713
Machinery
0.6%
Ingersoll
Rand,
Inc.
,
Senior
Bond
,
5.7
%
,
8/14/33
............
United
States
20,000,000
20,977,014
Metals
&
Mining
2.1%
ArcelorMittal
SA
,
Senior
Bond
,
4.25
%
,
7/16/29
.........................
Luxembourg
7,700,000
7,476,803
Senior
Note
,
6.55
%
,
11/29/27
........................
Luxembourg
25,000,000
26,124,073
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
Corporate
Bonds
(continued)
Metals
&
Mining
(continued)
Freeport-McMoRan,
Inc.
,
Senior
Bond
,
4.625
%
,
8/01/30
......
United
States
26,000,000
$
25,348,284
b
,c
Glencore
Funding
LLC
,
Senior
Bond
,
144A,
4.875
%
,
3/12/29
...
Australia
15,000,000
15,013,641
73,962,801
Multi-Utilities
0.8%
Dominion
Energy,
Inc.
,
A
,
Senior
Note
,
4.35
%
,
8/15/32
.......
United
States
15,000,000
14,348,447
Sempra
,
Senior
Bond
,
5.5
%
,
8/01/33
.....................
United
States
15,000,000
15,360,586
29,709,033
Oil,
Gas
&
Consumable
Fuels
1.6%
Cheniere
Corpus
Christi
Holdings
LLC
,
Senior
Secured
Note
,
3.7
%
,
11/15/29
....................................
United
States
10,000,000
9,464,544
Energy
Transfer
LP
,
Senior
Bond
,
5.75
%
,
2/15/33
...........
United
States
15,000,000
15,380,340
Occidental
Petroleum
Corp.
,
Senior
Note
,
6.375
%
,
9/01/28
....
United
States
10,000,000
10,425,630
Williams
Cos.,
Inc.
(The)
,
Senior
Bond
,
5.65
%
,
3/15/33
.......
United
States
20,000,000
20,666,617
55,937,131
Passenger
Airlines
1.0%
b
Delta
Air
Lines,
Inc.
/
SkyMiles
IP
Ltd.
,
Senior
Secured
Note
,
144A,
4.75
%
,
10/20/28
..............................
United
States
25,000,000
24,756,774
b
Mileage
Plus
Holdings
LLC
/
Mileage
Plus
Intellectual
Property
Assets
Ltd.
,
Senior
Secured
Note
,
144A,
6.5
%
,
6/20/27
.....
United
States
9,000,000
9,087,399
33,844,173
Personal
Care
Products
0.4%
Haleon
US
Capital
LLC
,
Senior
Note
,
3.625
%
,
3/24/32
.......
United
States
15,000,000
13,780,828
Pharmaceuticals
1.0%
Royalty
Pharma
plc
,
Senior
Bond
,
2.15
%
,
9/02/31
...........
United
States
20,000,000
16,549,347
Viatris,
Inc.
,
Senior
Note
,
2.7
%
,
6/22/30
...................
United
States
20,000,000
17,423,899
33,973,246
Semiconductors
&
Semiconductor
Equipment
1.6%
Broadcom,
Inc.
,
Senior
Bond
,
4.3
%
,
11/15/32
.........................
United
States
20,000,000
19,097,189
b
Senior
Bond
,
144A,
3.469
%
,
4/15/34
...................
United
States
20,000,000
17,476,263
Micron
Technology,
Inc.
,
Senior
Bond
,
4.663
%
,
2/15/30
........................
United
States
15,000,000
14,825,516
Senior
Bond
,
5.875
%
,
2/09/33
........................
United
States
5,000,000
5,218,011
56,616,979
Software
0.8%
Oracle
Corp.
,
Senior
Bond
,
6.25
%
,
11/09/32
........................
United
States
10,000,000
10,800,123
Senior
Bond
,
3.9
%
,
5/15/35
..........................
United
States
20,000,000
17,805,530
28,605,653
Specialized
REITs
1.0%
American
Tower
Corp.
,
Senior
Bond
,
3.8
%
,
8/15/29
..........................
United
States
15,000,000
14,292,689
Senior
Bond
,
5.9
%
,
11/15/33
.........................
United
States
10,000,000
10,514,482
Crown
Castle,
Inc.
,
Senior
Bond
,
5.1
%
,
5/01/33
.............
United
States
10,000,000
9,960,496
34,767,667
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
140
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Specialty
Retail
0.6%
Lowe's
Cos.,
Inc.
,
Senior
Bond
,
5
%
,
4/15/33
...............
United
States
20,000,000
$
20,095,117
Technology
Hardware,
Storage
&
Peripherals
0.7%
HP,
Inc.
,
c
Senior
Bond
,
5.5
%
,
1/15/33
..........................
United
States
15,000,000
15,432,166
Senior
Note
,
2.65
%
,
6/17/31
.........................
United
States
10,000,000
8,651,549
24,083,715
Tobacco
1.6%
Altria
Group,
Inc.
,
Senior
Bond
,
2.45
%
,
2/04/32
.............
United
States
15,000,000
12,458,769
BAT
Capital
Corp.
,
Senior
Bond
,
4.742
%
,
3/16/32
........................
United
Kingdom
15,000,000
14,577,404
Senior
Bond
,
7.75
%
,
10/19/32
........................
United
Kingdom
25,000,000
28,847,680
55,883,853
Trading
Companies
&
Distributors
0.7%
b
United
Rentals
North
America,
Inc.
,
Senior
Secured
Note
,
144A,
6
%
,
12/15/29
.....................................
United
States
22,500,000
22,847,378
Wireless
Telecommunication
Services
0.7%
Sprint
LLC
,
Senior
Note
,
7.625
%
,
2/15/25
.................
United
States
10,000,000
10,059,470
b
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
1,406,250
1,401,902
T-Mobile
USA,
Inc.
,
Senior
Bond
,
3.5
%
,
4/15/31
............
United
States
15,000,000
13,745,660
25,207,032
Total
Corporate
Bonds
(Cost
$
1,500,167,399
)
.................................
1,582,662,154
U.S.
Government
and
Agency
Securities
4.9%
U.S.
Treasury
Bonds
,
4.125
%,
8/15/53
...................
United
States
87,500,000
84,174,317
U.S.
Treasury
Notes
,
4.125
%,
8/31/30
...................................
United
States
30,000,000
30,263,672
3.875
%,
8/15/33
...................................
United
States
60,000,000
59,227,734
Total
U.S.
Government
and
Agency
Securities
(Cost
$
170,517,602
)
..............
173,665,723
Asset-Backed
Securities
0.3%
Passenger
Airlines
0.3%
abc
abc
abc
abc
abc
abc
United
Airlines
Pass-Through
Trust
,
2020-1
,
A
,
5.875
%
,
10/15/27
.........................
United
States
5,029,458
5,092,717
2020-1
,
B
,
4.875
%
,
7/15/27
..........................
United
States
5,424,000
5,355,343
10,448,060
a
a
a
a
a
a
Total
Asset-Backed
Securities
(Cost
$
10,453,458
)
.............................
10,448,060
Mortgage-Backed
Securities
5.0%
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Fixed
Rate
2.1%
FHLMC
Pool,
30
Year
,
5
%,
5/01/53
......................
United
States
16,797,595
16,546,186
FHLMC
Pool,
30
Year
,
5.5
%,
7/01/53
.....................
United
States
48,286,019
48,379,598
FHLMC
Pool,
30
Year
,
5.5
%,
11/01/53
....................
United
States
8,470,049
8,484,949
73,410,733
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
2.9%
FNMA,
30
Year
,
4
%,
8/01/49
...........................
United
States
964,313
924,010
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
141
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Mortgage-Backed
Securities
(continued)
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
(continued)
FNMA,
30
Year
,
5
%,
5/01/53
...........................
United
States
16,860,303
$
16,613,879
FNMA,
30
Year
,
5
%,
11/01/53
..........................
United
States
40,722,364
40,113,207
FNMA,
30
Year
,
6
%,
5/01/53
...........................
United
States
44,002,854
44,697,552
102,348,648
Total
Mortgage-Backed
Securities
(Cost
$
173,535,652
)
.........................
175,759,381
Total
Long
Term
Investments
(Cost
$
3,082,766,724
)
...........................
3,463,374,938
a
Short
Term
Investments
1.7%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
1.3%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
5.002
%
..
United
States
44,706,093
44,706,093
Total
Money
Market
Funds
(Cost
$
44,706,093
)
................................
44,706,093
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
0.4%
Money
Market
Funds
0.4%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
5.002
%
..
United
States
14,686,000
14,686,000
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$
14,686,000
)
.........................................................
14,686,000
Total
Short
Term
Investments
(Cost
$
59,392,093
)
..............................
59,392,093
a
Total
Investments
(Cost
$
3,142,158,817
)
99.7
%
................................
$3,522,767,031
Options
Written
(
0.2
)
%
.....................................................
(6,775,500)
Other
Assets,
less
Liabilities
0.5
%
...........................................
16,948,554
Net
Assets
100.0%
.........................................................
$3,532,940,085
a
a
a
Number
of
Contracts
Notional
Amount
#
Options
Written
(0.2)%
Calls
-
Exchange-Traded
Equity
Options
AbbVie,
Inc.
,
August
Strike
Price
$
180.00
,
Expires
8/16/24
....
1,000
18,532,000
(
645,000
)
Albemarle
Corp.
,
August
Strike
Price
$
120.00
,
Expires
8/16/24
.
1,000
9,367,000
(
22,000
)
Analog
Devices,
Inc.
,
August
Strike
Price
$
240.00
,
Expires
8/16/24
.........................................
2,000
46,276,000
(
500,000
)
Charles
Schwab
Corp.
(The)
,
August
Strike
Price
$
77.50
,
Expires
8/16/24
.........................................
1,000
6,519,000
(
1,000
)
Chevron
Corp.
,
September
Strike
Price
$
170.00
,
Expires
9/20/24
2,000
32,094,000
(
320,000
)
Lockheed
Martin
Corp.
,
August
Strike
Price
$
485.00
,
Expires
8/16/24
.........................................
750
40,644,000
(
4,522,500
)
LyondellBasell
Industries
NV
,
August
Strike
Price
$
100.00
,
Expires
8/16/24
...................................
1,500
14,919,000
(
337,500
)
Starbucks
Corp.
,
August
Strike
Price
$
85.00
,
Expires
8/16/24
..
2,500
19,487,500
(
27,500
)
Target
Corp.
,
September
Strike
Price
$
165.00
,
Expires
9/20/24
.
1,000
15,041,000
(
310,000
)
(
6,685,500
)
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Managed
Income
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
142
At
July
31,
2024
,
the
Fund
had
the
following futures
contracts
outstanding.
See
Abbreviations
on
page
259
.
a
a
a
Number
of
Contracts
Notional
Amount
#
a
Value
a
a
a
a
a
a
Options
Written
(continued)
Puts
-
Exchange-Traded
Equity
Options
Target
Corp.
,
September
Strike
Price
$
125.00
,
Expires
9/20/24
.
1,000
15,041,000
$
(
90,000
)
(
90,000
)
Total
Options
Written
(Premiums
received
$
2,446,739
)
.........................
$
(
6,775,500
)
#
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.
a
A
portion
or
all
of
the
security
is
held
in
connection
with
written
option
contracts
open
at
period
end.
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,
2024,
the
aggregate
value
of
these
securities
was
$534,348,021,
representing
15.1%
of
net
assets.
c
A
portion
or
all
of
the
security
is
on
loan
at
July
31,
2024.
d
Perpetual
security
with
no
stated
maturity
date.
e
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
f
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
Ultra
Bonds
......................
Long
700
$
89,578,125
9/19/24
$
2,822,030
Total
Futures
Contracts
......................................................................
$2,822,030
*
As
of
period
end.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2024
Franklin
Total
Return
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
143
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
28,762,824
$
—
a,b,c
K2016470219
South
Africa
Ltd.
,
B
.......................
South
Africa
2,862,311
—
—
Energy
Equipment
&
Services
0.0%
†
b
Valaris
Ltd.
........................................
United
States
2,435
191,367
Hotels,
Restaurants
&
Leisure
0.0%
†
b
24
Hour
Fitness
Worldwide,
Inc.
........................
United
States
13,078
2,432
Machinery
0.0%
†
UTEX
Industries,
Inc.
................................
United
States
4,843
206,636
Total
Common
Stocks
(Cost
$
1,220,202
)
.....................................
400,435
Preferred
Stocks
0.1%
Banks
0.1%
Citigroup
Capital
XIII
,
11.887
%
.........................
United
States
93,000
2,712,810
Hotels,
Restaurants
&
Leisure
0.0%
†
b
24
Hour
Fitness
Worldwide,
Inc.
........................
United
States
30,975
2,710
b
Total
Preferred
Stocks
(Cost
$
2,325,465
)
.....................................
2,715,520
Warrants
Warrants
0.0%
†
Machinery
0.0%
†
a,b
UTEX
Industries,
Inc.
,
2/20/49
..........................
United
States
415
40
Total
Warrants
(Cost
$
366
)
.................................................
40
Principal
Amount
*
Corporate
Bonds
39.0%
Aerospace
&
Defense
0.9%
Boeing
Co.
(The)
,
Senior
Bond
,
3.625
%
,
2/01/31
........................
United
States
6,500,000
5,834,795
Senior
Note
,
5.15
%
,
5/01/30
.........................
United
States
13,500,000
13,300,095
Lockheed
Martin
Corp.
,
Senior
Bond
,
4.09
%
,
9/15/52
........
United
States
5,000,000
4,154,411
Northrop
Grumman
Corp.
,
Senior
Bond
,
4.03
%
,
10/15/47
........................
United
States
3,000,000
2,448,942
Senior
Bond
,
5.25
%
,
5/01/50
.........................
United
States
3,500,000
3,411,855
29,150,098
Air
Freight
&
Logistics
0.1%
d
DAE
Funding
LLC
,
Senior
Note
,
144A,
1.55
%
,
8/01/24
.......
United
Arab
Emirates
3,300,000
3,300,000
Automobiles
0.1%
d
Hyundai
Capital
America
,
Senior
Note
,
144A,
5.35
%
,
3/19/29
..
United
States
1,600,000
1,625,339
Banks
7.3%
d
ABN
AMRO
Bank
NV
,
Senior
Non-Preferred
Note
,
144A,
6.339%
to
9/17/26,
FRN
thereafter
,
9/18/27
.....................
Netherlands
2,500,000
2,558,882
Banco
Santander
SA
,
Sub.
Bond
,
2.749
%
,
12/03/30
.........
Spain
3,600,000
3,094,938
Bank
of
America
Corp.
,
Senior
Bond
,
2.592%
to
4/28/30,
FRN
thereafter
,
4/29/31
...
United
States
6,700,000
5,922,895
Senior
Bond
,
1.922%
to
10/23/30,
FRN
thereafter
,
10/24/31
.
United
States
5,300,000
4,442,792
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)
Banks
(continued)
Bank
of
America
Corp.,
(continued)
Senior
Bond
,
2.972%
to
2/03/32,
FRN
thereafter
,
2/04/33
...
United
States
7,500,000
$
6,504,819
Senior
Bond
,
5.468%
to
1/22/34,
FRN
thereafter
,
1/23/35
...
United
States
10,000,000
10,229,111
d
BNP
Paribas
SA
,
Senior
Non-Preferred
Note
,
144A,
2.819%
to
11/18/24,
FRN
thereafter
,
11/19/25
.....................
France
3,200,000
3,172,573
d
BPCE
SA
,
Senior
Non-Preferred
Note
,
144A,
2.045%
to
10/18/26,
FRN
thereafter
,
10/19/27
................................
France
9,500,000
8,851,187
e
Senior
Non-Preferred
Note
,
144A,
FRN
,
5.716
%
,
(
1-year
CMT
T-Note
+
1.959
%
),
1/18/30
..........................
France
7,000,000
7,116,990
Citigroup,
Inc.
,
Senior
Bond
,
2.572%
to
6/02/30,
FRN
thereafter
,
6/03/31
...
United
States
8,000,000
7,030,136
Senior
Bond
,
3.057%
to
1/24/32,
FRN
thereafter
,
1/25/33
...
United
States
16,100,000
13,990,356
d
Danske
Bank
A/S
,
Senior
Non-Preferred
Note
,
144A,
5.705%
to
2/28/29,
FRN
thereafter
,
3/01/30
......................
Denmark
6,800,000
6,957,529
e
HSBC
Holdings
plc
,
Senior
Bond
,
FRN
,
3.973
%
,
(
3-month
SOFR
+
1.872
%
),
5/22/30
................................
United
Kingdom
6,500,000
6,194,840
JPMorgan
Chase
&
Co.
,
Senior
Bond
,
4.493%
to
3/23/30,
FRN
thereafter
,
3/24/31
...
United
States
17,100,000
16,826,992
Senior
Bond
,
2.58%
to
4/21/31,
FRN
thereafter
,
4/22/32
....
United
States
1,700,000
1,467,002
Senior
Bond
,
5.336%
to
1/22/34,
FRN
thereafter
,
1/23/35
...
United
States
9,300,000
9,450,663
KeyBank
NA
,
Senior
Note
,
4.15
%
,
8/08/25
................
United
States
6,200,000
6,121,082
Mitsubishi
UFJ
Financial
Group,
Inc.
,
Senior
Note
,
5.063%
to
9/11/24,
FRN
thereafter
,
9/12/25
.......................
Japan
11,100,000
11,091,632
Mizuho
Financial
Group,
Inc.
,
Senior
Note
,
5.778%
to
7/05/28,
FRN
thereafter
,
7/06/29
.............................
Japan
6,000,000
6,176,623
d
Nordea
Bank
Abp
,
Senior
Preferred
Note
,
144A,
4.75
%
,
9/22/25
Finland
5,200,000
5,191,074
PNC
Financial
Services
Group,
Inc.
(The)
,
Senior
Note
,
5.3%
to
1/20/27,
FRN
thereafter
,
1/21/28
......................
United
States
3,800,000
3,835,442
Santander
UK
Group
Holdings
plc
,
Senior
Note
,
1.673%
to
6/23/26,
FRN
thereafter
,
6/14/27
......................
United
Kingdom
6,500,000
6,087,977
d
Societe
Generale
SA
,
Senior
Non-Preferred
Note
,
144A,
1.792%
to
6/08/26,
FRN
thereafter
,
6/09/27
.................................
France
10,800,000
10,093,524
e
Senior
Non-Preferred
Note
,
144A,
FRN
,
6.446
%
,
(
1-year
CMT
T-Note
+
2.55
%
),
1/10/29
...........................
France
6,500,000
6,696,658
Toronto-Dominion
Bank
(The)
,
Senior
Note
,
4.693
%
,
9/15/27
...
Canada
12,000,000
11,996,999
Truist
Financial
Corp.
,
Senior
Note
,
7.161%
to
10/29/28,
FRN
thereafter
,
10/30/29
..
United
States
4,950,000
5,333,123
Senior
Note
,
5.435%
to
1/23/29,
FRN
thereafter
,
1/24/30
....
United
States
4,400,000
4,468,892
US
Bancorp
,
Senior
Note
,
5.727%
to
10/20/25,
FRN
thereafter
,
10/21/26
........................................
United
States
4,300,000
4,331,394
Wells
Fargo
&
Co.
,
Senior
Bond
,
3.35%
to
3/01/32,
FRN
thereafter
,
3/02/33
....
United
States
9,000,000
7,984,802
Senior
Bond
,
5.499%
to
1/22/34,
FRN
thereafter
,
1/23/35
...
United
States
17,500,000
17,845,376
Senior
Note
,
4.54%
to
8/14/25,
FRN
thereafter
,
8/15/26
.....
United
States
4,000,000
3,969,878
Senior
Note
,
5.198%
to
1/22/29,
FRN
thereafter
,
1/23/30
....
United
States
5,200,000
5,264,466
230,300,647
Beverages
0.2%
Anheuser-Busch
Cos.
LLC
/
Anheuser-Busch
InBev
Worldwide,
Inc.
,
Senior
Bond
,
4.7
%
,
2/01/36
..........................
Belgium
1,800,000
1,759,550
Senior
Bond
,
4.9
%
,
2/01/46
..........................
Belgium
3,400,000
3,221,120
4,980,670
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)
Biotechnology
1.4%
AbbVie,
Inc.
,
Senior
Bond
,
4.05
%
,
11/21/39
........................
United
States
5,000,000
$
4,468,861
Senior
Bond
,
4.7
%
,
5/14/45
..........................
United
States
3,200,000
2,979,530
Senior
Note
,
3.2
%
,
11/21/29
.........................
United
States
3,000,000
2,815,522
Amgen,
Inc.
,
Senior
Bond
,
5.25
%
,
3/02/33
.................
United
States
14,300,000
14,539,883
Biogen,
Inc.
,
Senior
Bond
,
2.25
%
,
5/01/30
.................
United
States
6,900,000
6,009,088
d
CSL
Finance
plc
,
Senior
Bond
,
144A,
4.25
%
,
4/27/32
........
Australia
6,500,000
6,257,808
Regeneron
Pharmaceuticals,
Inc.
,
Senior
Bond
,
1.75
%
,
9/15/30
United
States
7,500,000
6,342,446
43,413,138
Broadline
Retail
0.0%
a
,d
,f
,g
K2016470219
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
3
%
,
12/31/22
.....................................
South
Africa
2,492,650
—
a
,d
,f
,g
K2016470260
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
25
%
,
12/31/22
....................................
South
Africa
1,098,025
—
—
Building
Products
0.6%
Carrier
Global
Corp.
,
Senior
Bond
,
5.9
%
,
3/15/34
...........
United
States
6,500,000
6,958,279
d
Miter
Brands
Acquisition
Holdco,
Inc.
/
MIWD
Borrower
LLC
,
Senior
Secured
Note
,
144A,
6.75
%
,
4/01/32
..............
United
States
2,600,000
2,639,578
Owens
Corning
,
Senior
Bond
,
3.875
%
,
6/01/30
........................
United
States
6,500,000
6,166,074
Senior
Bond
,
5.7
%
,
6/15/34
..........................
United
States
2,500,000
2,586,526
18,350,457
Capital
Markets
2.4%
Deutsche
Bank
AG
,
Senior
Preferred
Note
,
5.371
%
,
9/09/27
...
Germany
9,500,000
9,643,745
Goldman
Sachs
Group,
Inc.
(The)
,
Senior
Bond
,
2.65%
to
10/20/31,
FRN
thereafter
,
10/21/32
..
United
States
15,000,000
12,779,046
Senior
Bond
,
3.102%
to
2/23/32,
FRN
thereafter
,
2/24/33
...
United
States
6,500,000
5,679,533
Senior
Note
,
1.948%
to
10/20/26,
FRN
thereafter
,
10/21/27
..
United
States
9,700,000
9,078,228
Morgan
Stanley
,
Senior
Bond
,
1.928%
to
4/27/31,
FRN
thereafter
,
4/28/32
...
United
States
15,200,000
12,506,429
Senior
Bond
,
5.466%
to
1/17/34,
FRN
thereafter
,
1/18/35
...
United
States
8,650,000
8,806,517
d
Prologis
Targeted
US
Logistics
Fund
LP
,
Senior
Note
,
144A,
5.25
%
,
4/01/29
...................................
United
States
2,500,000
2,541,342
d
StoneX
Group,
Inc.
,
Senior
Secured
Note
,
144A,
7.875
%
,
3/01/31
United
States
2,100,000
2,187,417
UBS
Group
AG
,
Senior
Note
,
4.55
%
,
4/17/26
.........................
Switzerland
3,400,000
3,371,828
d
Senior
Note
,
144A,
2.193%
to
6/04/25,
FRN
thereafter
,
6/05/26
Switzerland
1,000,000
973,661
d
Senior
Note
,
144A,
6.373%
to
7/14/25,
FRN
thereafter
,
7/15/26
Switzerland
2,300,000
2,320,640
d,e
Senior
Note
,
144A,
FRN
,
5.428
%
,
(
1-year
CMT
T-Note
+
1.52
%
),
2/08/30
..................................
Switzerland
6,500,000
6,600,857
76,489,243
Chemicals
0.3%
d
Braskem
Idesa
SAPI
,
Senior
Secured
Bond
,
144A,
6.99
%
,
2/20/32
.........................................
Mexico
4,300,000
3,259,033
d
Rain
Carbon,
Inc.
,
Senior
Secured
Note
,
144A,
12.25
%
,
9/01/29
United
States
6,500,000
7,033,826
10,292,859
Commercial
Services
&
Supplies
0.2%
Republic
Services,
Inc.
,
Senior
Bond
,
5
%
,
4/01/34
...........
United
States
6,500,000
6,534,944
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)
Communications
Equipment
0.5%
Motorola
Solutions,
Inc.
,
Senior
Bond
,
2.75
%
,
5/24/31
........
United
States
16,800,000
$
14,649,683
Consumer
Finance
0.8%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
,
Senior
Bond
,
3.4
%
,
10/29/33
.........................
Ireland
22,600,000
19,523,935
d
FirstCash,
Inc.
,
Senior
Note
,
144A,
6.875
%
,
3/01/32
.........
United
States
4,800,000
4,860,552
24,384,487
Consumer
Staples
Distribution
&
Retail
0.6%
Dollar
Tree,
Inc.
,
Senior
Bond
,
4.2
%
,
5/15/28
..........................
United
States
8,000,000
7,821,866
Senior
Bond
,
2.65
%
,
12/01/31
........................
United
States
7,500,000
6,375,068
Sysco
Corp.
,
Senior
Bond
,
6
%
,
1/17/34
...................
United
States
2,300,000
2,469,694
Target
Corp.
,
Senior
Bond
,
2.95
%
,
1/15/52
................
United
States
1,600,000
1,065,129
17,731,757
Containers
&
Packaging
0.2%
d
Pactiv
Evergreen
Group
Issuer,
Inc.
/
Pactiv
Evergreen
Group
Issuer
LLC
,
Senior
Secured
Note
,
144A,
4
%
,
10/15/27
......
United
States
2,300,000
2,174,960
WRKCo,
Inc.
,
Senior
Bond
,
3
%
,
6/15/33
..................
United
States
4,700,000
4,042,391
6,217,351
Diversified
REITs
0.1%
Simon
Property
Group
LP
,
Senior
Bond
,
3.25
%
,
9/13/49
......
United
States
2,400,000
1,660,677
d
VICI
Properties
LP
/
VICI
Note
Co.,
Inc.
,
Senior
Note
,
144A,
4.5
%
,
9/01/26
.........................................
United
States
2,000,000
1,965,277
3,625,954
Diversified
Telecommunication
Services
1.2%
AT&T,
Inc.
,
Senior
Bond
,
2.55
%
,
12/01/33
........................
United
States
21,000,000
17,182,643
Senior
Bond
,
5.4
%
,
2/15/34
..........................
United
States
6,500,000
6,643,927
Verizon
Communications,
Inc.
,
Senior
Bond
,
5.05
%
,
5/09/33
.........................
United
States
6,500,000
6,551,565
Senior
Note
,
2.355
%
,
3/15/32
........................
United
States
9,000,000
7,531,775
37,909,910
Electric
Utilities
1.7%
Commonwealth
Edison
Co.
,
Senior
Bond
,
6.45
%
,
1/15/38
.....
United
States
700,000
782,247
Duke
Energy
Corp.
,
Senior
Bond
,
2.45
%
,
6/01/30
.........................
United
States
2,900,000
2,558,459
Senior
Bond
,
5.75
%
,
9/15/33
.........................
United
States
6,500,000
6,775,246
Senior
Bond
,
3.75
%
,
9/01/46
.........................
United
States
2,000,000
1,509,579
Duke
Energy
Florida
LLC
,
Senior
Bond
,
6.4
%
,
6/15/38
.......
United
States
1,300,000
1,437,178
Duke
Energy
Ohio,
Inc.
,
Senior
Bond
,
5.25
%
,
4/01/33
........
United
States
1,300,000
1,327,750
d
Enel
Finance
International
NV
,
Senior
Bond
,
144A,
6.8
%
,
9/15/37
Italy
3,000,000
3,306,425
Exelon
Corp.
,
Senior
Bond
,
4.05
%
,
4/15/30
................
United
States
8,400,000
8,088,804
Georgia
Power
Co.
,
Senior
Bond
,
4.3
%
,
3/15/42
............
United
States
9,000,000
7,870,498
NextEra
Energy
Capital
Holdings,
Inc.
,
Senior
Note
,
6.051
%
,
3/01/25
.........................................
United
States
3,700,000
3,715,785
Southern
Co.
(The)
,
Senior
Bond
,
4.4
%
,
7/01/46
..........................
United
States
2,000,000
1,723,823
A
,
Senior
Bond
,
3.7
%
,
4/30/30
.......................
United
States
10,500,000
9,905,737
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
Corporate
Bonds
(continued)
Electric
Utilities
(continued)
Virginia
Electric
and
Power
Co.
,
Senior
Bond
,
6.35
%
,
11/30/37
.
United
States
520,000
$
568,057
Xcel
Energy,
Inc.
,
Senior
Bond
,
5.45
%
,
8/15/33
.............
United
States
5,500,000
5,577,293
55,146,881
Electrical
Equipment
0.1%
Eaton
Corp.
,
Senior
Bond
,
4.15
%
,
3/15/33
.................
United
States
2,400,000
2,302,061
Electronic
Equipment,
Instruments
&
Components
0.2%
Flex
Ltd.
,
Senior
Bond
,
4.875
%
,
5/12/30
..................
United
States
7,500,000
7,395,892
Energy
Equipment
&
Services
0.2%
d
Schlumberger
Holdings
Corp.
,
Senior
Note
,
144A,
5
%
,
11/15/29
United
States
7,680,000
7,775,966
Entertainment
0.3%
Netflix,
Inc.
,
Senior
Bond
,
4.9
%
,
8/15/34
..................
United
States
3,400,000
3,420,189
Walt
Disney
Co.
(The)
,
Senior
Bond
,
3.5
%
,
5/13/40
..........
United
States
9,000,000
7,351,557
10,771,746
Financial
Services
0.9%
d
Corebridge
Financial,
Inc.
,
Senior
Bond
,
144A,
6.05
%
,
9/15/33
.
United
States
6,000,000
6,319,868
Fiserv,
Inc.
,
Senior
Bond
,
3.5
%
,
7/01/29
..........................
United
States
1,200,000
1,135,571
Senior
Bond
,
2.65
%
,
6/01/30
.........................
United
States
9,100,000
8,130,153
Senior
Bond
,
5.625
%
,
8/21/33
........................
United
States
6,500,000
6,733,772
d
GGAM
Finance
Ltd.
,
Senior
Note
,
144A,
8
%
,
6/15/28
........
Ireland
2,500,000
2,647,433
d
Jefferson
Capital
Holdings
LLC
,
Senior
Note
,
144A,
9.5
%
,
2/15/29
United
States
3,200,000
3,360,451
Shell
International
Finance
BV
,
Senior
Bond
,
4.55
%
,
8/12/43
...
United
States
1,700,000
1,560,356
29,887,604
Food
Products
0.9%
General
Mills,
Inc.
,
Senior
Note
,
5.241
%
,
11/18/25
...........
United
States
1,900,000
1,900,235
JBS
USA
Holding
Lux
SARL
/
JBS
USA
Food
Co.
/
JBS
Lux
Co.
SARL
,
Senior
Note
,
2.5
%
,
1/15/27
..........................
United
States
6,200,000
5,822,567
Senior
Note
,
3
%
,
2/02/29
...........................
United
States
2,000,000
1,812,756
Senior
Note
,
3.625
%
,
1/15/32
........................
United
States
2,500,000
2,186,313
Senior
Note
,
5.75
%
,
4/01/33
.........................
United
States
6,500,000
6,535,557
Kraft
Heinz
Foods
Co.
,
Senior
Note
,
3.75
%
,
4/01/30
.........
United
States
4,000,000
3,812,148
McCormick
&
Co.,
Inc.
,
Senior
Bond
,
4.95
%
,
4/15/33
.........
United
States
7,000,000
7,026,468
29,096,044
Ground
Transportation
0.6%
d
Ashtead
Capital,
Inc.
,
Senior
Bond
,
144A,
5.8
%
,
4/15/34
......
United
Kingdom
900,000
916,283
Burlington
Northern
Santa
Fe
LLC
,
Senior
Bond
,
6.15
%
,
5/01/37
.........................
United
States
6,000,000
6,664,059
Senior
Bond
,
4.9
%
,
4/01/44
..........................
United
States
1,600,000
1,526,541
CSX
Corp.
,
Senior
Bond
,
4.5
%
,
11/15/52
..................
United
States
6,000,000
5,288,912
Union
Pacific
Corp.
,
Senior
Bond
,
3.2
%
,
5/20/41
............
United
States
5,000,000
3,896,127
18,291,922
Health
Care
Equipment
&
Supplies
0.8%
Baxter
International,
Inc.
,
Senior
Bond
,
2.539
%
,
2/01/32
......
United
States
7,500,000
6,318,152
Boston
Scientific
Corp.
,
Senior
Bond
,
2.65
%
,
6/01/30
........
United
States
6,000,000
5,395,355
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
Corporate
Bonds
(continued)
Health
Care
Equipment
&
Supplies
(continued)
GE
HealthCare
Technologies,
Inc.
,
Senior
Note
,
5.6
%
,
11/15/25
.........................
United
States
5,700,000
$
5,734,250
Senior
Note
,
5.905
%
,
11/22/32
.......................
United
States
6,500,000
6,849,356
STERIS
Irish
FinCo.
UnLtd.
Co.
,
Senior
Note
,
2.7
%
,
3/15/31
...
United
States
2,400,000
2,070,270
26,367,383
Health
Care
Providers
&
Services
2.0%
Centene
Corp.
,
Senior
Bond
,
3
%
,
10/15/30
................
United
States
2,500,000
2,187,915
Cigna
Group
(The)
,
Senior
Bond
,
5.25
%
,
2/15/34
...........
United
States
6,500,000
6,570,123
CVS
Health
Corp.
,
Senior
Bond
,
5.3
%
,
6/01/33
..........................
United
States
5,000,000
4,993,231
Senior
Bond
,
4.78
%
,
3/25/38
.........................
United
States
3,200,000
2,940,767
Senior
Bond
,
2.7
%
,
8/21/40
..........................
United
States
2,000,000
1,370,289
d
DaVita,
Inc.
,
Senior
Note
,
144A,
4.625
%
,
6/01/30
...........
United
States
1,900,000
1,741,540
Elevance
Health,
Inc.
,
Senior
Bond
,
4.75
%
,
2/15/33
.........................
United
States
7,000,000
6,917,001
Senior
Bond
,
4.65
%
,
1/15/43
.........................
United
States
3,100,000
2,790,798
HCA,
Inc.
,
Senior
Note
,
3.625
%
,
3/15/32
..................
United
States
9,000,000
8,106,241
Icon
Investments
Six
DAC
,
Senior
Secured
Bond
,
6
%
,
5/08/34
.
United
States
500,000
521,959
Kaiser
Foundation
Hospitals
,
2019
,
Senior
Bond
,
3.266
%
,
11/01/49
........................................
United
States
11,270,000
8,348,638
d
Kedrion
SpA
,
Senior
Secured
Note
,
144A,
6.5
%
,
9/01/29
......
Italy
1,100,000
1,019,004
Providence
St
Joseph
Health
Obligated
Group
,
H
,
2.746
%
,
10/01/26
........................................
United
States
8,875,000
8,446,121
UnitedHealth
Group,
Inc.
,
Senior
Bond
,
3.05
%
,
5/15/41
.......
United
States
8,000,000
6,056,017
62,009,644
Health
Care
REITs
0.3%
Alexandria
Real
Estate
Equities,
Inc.
,
Senior
Bond
,
4.75
%
,
4/15/35
.........................
United
States
6,500,000
6,174,417
Senior
Bond
,
5.25
%
,
5/15/36
.........................
United
States
2,600,000
2,570,340
MPT
Operating
Partnership
LP
/
MPT
Finance
Corp.
,
Senior
Bond
,
3.5
%
,
3/15/31
...............................
United
States
1,400,000
921,360
9,666,117
Health
Care
Technology
0.1%
IQVIA,
Inc.
,
Senior
Secured
Note
,
6.25
%
,
2/01/29
...........
United
States
4,300,000
4,495,736
Hotel
&
Resort
REITs
0.2%
d
RHP
Hotel
Properties
LP
/
RHP
Finance
Corp.
,
Senior
Note
,
144A,
6.5
%
,
4/01/32
...............................
United
States
5,900,000
5,970,393
Hotels,
Restaurants
&
Leisure
0.5%
d
Caesars
Entertainment,
Inc.
,
Senior
Note
,
144A,
4.625
%
,
10/15/29
........................................
United
States
6,500,000
6,042,988
Marriott
International,
Inc.
,
Senior
Bond
,
5.3
%
,
5/15/34
.......
United
States
2,600,000
2,621,749
d
Six
Flags
Entertainment
Corp.
/
Six
Flags
Theme
Parks,
Inc.
,
Senior
Secured
Note
,
144A,
6.625
%
,
5/01/32
.............
United
States
4,200,000
4,315,340
Starbucks
Corp.
,
Senior
Bond
,
2.55
%
,
11/15/30
.............
United
States
2,500,000
2,208,928
15,189,005
Household
Durables
0.2%
PulteGroup,
Inc.
,
Senior
Bond
,
6
%
,
2/15/35
................
United
States
6,500,000
6,864,706
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
Corporate
Bonds
(continued)
Independent
Power
and
Renewable
Electricity
Producers
0.3%
Constellation
Energy
Generation
LLC
,
Senior
Bond
,
6.125
%
,
1/15/34
.........................................
United
States
8,950,000
$
9,555,779
Insurance
2.3%
d
Acrisure
LLC
/
Acrisure
Finance,
Inc.
,
Senior
Note
,
144A,
8.5
%
,
6/15/29
.....................
United
States
1,600,000
1,645,886
Senior
Secured
Note
,
144A,
7.5
%
,
11/06/30
.............
United
States
3,800,000
3,859,235
d
AIA
Group
Ltd.
,
Senior
Bond
,
144A,
4.95
%
,
4/04/33
.........
Hong
Kong
3,900,000
3,930,057
d
Alliant
Holdings
Intermediate
LLC
/
Alliant
Holdings
Co-Issuer
,
Senior
Secured
Note
,
144A,
7
%
,
1/15/31
................
United
States
6,500,000
6,621,283
CNA
Financial
Corp.
,
Senior
Bond
,
5.125
%
,
2/15/34
.........
United
States
6,500,000
6,464,635
d
Corebridge
Global
Funding
,
Secured
Note
,
144A,
5.9
%
,
9/19/28
United
States
3,400,000
3,524,236
F&G
Annuities
&
Life,
Inc.
,
Senior
Note
,
6.5
%
,
6/04/29
.......
United
States
2,600,000
2,642,180
d
Five
Corners
Funding
Trust
II
,
Senior
Note
,
144A,
2.85
%
,
5/15/30
United
States
3,000,000
2,715,243
d
Five
Corners
Funding
Trust
III
,
Senior
Note
,
144A,
5.791
%
,
2/15/33
.........................................
United
States
6,500,000
6,788,189
Marsh
&
McLennan
Cos.,
Inc.
,
Senior
Bond
,
4.9
%
,
3/15/49
....
United
States
5,000,000
4,627,233
d
Metropolitan
Life
Global
Funding
I
,
Secured
Note
,
144A,
5.05
%
,
1/06/28
...................
United
States
10,300,000
10,469,503
Secured
Note
,
144A,
4.3
%
,
8/25/29
....................
United
States
3,700,000
3,629,778
Progressive
Corp.
(The)
,
Senior
Bond
,
3.7
%
,
3/15/52
........
United
States
6,000,000
4,589,519
d
RGA
Global
Funding
,
Secured
Note
,
144A,
5.5
%
,
1/11/31
.....
United
States
6,900,000
7,062,935
d
Sammons
Financial
Group,
Inc.
,
Senior
Bond
,
144A,
6.875
%
,
4/15/34
.........................................
United
States
4,400,000
4,577,065
73,146,977
Interactive
Media
&
Services
0.6%
Meta
Platforms,
Inc.
,
Senior
Bond
,
4.95
%
,
5/15/33
..........
United
States
10,100,000
10,314,082
d
Tencent
Holdings
Ltd.
,
Senior
Note
,
144A,
2.39
%
,
6/03/30
.....
China
10,000,000
8,819,100
19,133,182
Life
Sciences
Tools
&
Services
0.0%
†
Revvity,
Inc.
,
Senior
Bond
,
2.25
%
,
9/15/31
................
United
States
1,800,000
1,498,516
Machinery
0.1%
d
Esab
Corp.
,
Senior
Note
,
144A,
6.25
%
,
4/15/29
.............
United
States
800,000
812,308
Hillenbrand,
Inc.
,
Senior
Note
,
6.25
%
,
2/15/29
..............
United
States
2,300,000
2,331,421
3,143,729
Media
1.3%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
,
Senior
Secured
Bond
,
2.8
%
,
4/01/31
....................................
United
States
12,500,000
10,494,124
d
Clear
Channel
Outdoor
Holdings,
Inc.
,
Senior
Secured
Note
,
144A,
7.875
%
,
4/01/30
..............................
United
States
3,600,000
3,666,060
Comcast
Corp.
,
Senior
Bond
,
1.5
%
,
2/15/31
..........................
United
States
4,000,000
3,280,752
Senior
Bond
,
4.8
%
,
5/15/33
..........................
United
States
14,700,000
14,636,690
Fox
Corp.
,
Senior
Bond
,
5.476
%
,
1/25/39
.................
United
States
4,800,000
4,732,635
Time
Warner
Cable
LLC
,
Senior
Secured
Bond
,
6.55
%
,
5/01/37
United
States
5,700,000
5,589,885
42,400,146
Metals
&
Mining
0.2%
BHP
Billiton
Finance
USA
Ltd.
,
Senior
Bond
,
5.25
%
,
9/08/33
...
Australia
6,500,000
6,656,549
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
Corporate
Bonds
(continued)
Metals
&
Mining
(continued)
d
Constellium
SE
,
Senior
Note
,
144A,
6.375
%
,
8/15/32
........
United
States
800,000
$
799,613
7,456,162
Multi-Utilities
0.4%
Berkshire
Hathaway
Energy
Co.
,
Senior
Bond
,
6.125
%
,
4/01/36
United
States
2,700,000
2,914,147
Dominion
Energy,
Inc.
,
C
,
Senior
Note
,
3.375
%
,
4/01/30
......
United
States
4,351,000
4,012,760
DTE
Energy
Co.
,
Senior
Note
,
4.875
%
,
6/01/28
.............
United
States
6,700,000
6,704,064
13,630,971
Oil,
Gas
&
Consumable
Fuels
3.1%
d
Aker
BP
ASA
,
Senior
Bond
,
144A,
4
%
,
1/15/31
.............
Norway
5,400,000
4,996,928
Boardwalk
Pipelines
LP
,
Senior
Bond
,
3.4
%
,
2/15/31
.........
United
States
6,275,000
5,614,502
BP
Capital
Markets
America,
Inc.
,
Senior
Bond
,
4.812
%
,
2/13/33
........................
United
States
6,000,000
5,945,135
Senior
Bond
,
4.989
%
,
4/10/34
........................
United
States
6,500,000
6,502,547
Cheniere
Energy,
Inc.
,
d
Senior
Bond
,
144A,
5.65
%
,
4/15/34
....................
United
States
1,700,000
1,728,550
Senior
Note
,
4.625
%
,
10/15/28
.......................
United
States
1,700,000
1,668,425
d
CITGO
Petroleum
Corp.
,
Senior
Secured
Note
,
144A,
6.375
%
,
6/15/26
............
United
States
3,000,000
3,003,780
Senior
Secured
Note
,
144A,
8.375
%
,
1/15/29
............
United
States
5,800,000
6,048,513
ConocoPhillips
Co.
,
Senior
Bond
,
5.05
%
,
9/15/33
...........
United
States
2,500,000
2,534,766
Energy
Transfer
LP
,
Senior
Bond
,
4.75
%
,
1/15/26
.........................
United
States
4,500,000
4,483,216
Senior
Bond
,
5.55
%
,
5/15/34
.........................
United
States
9,500,000
9,592,368
Senior
Note
,
6.4
%
,
12/01/30
.........................
United
States
4,000,000
4,287,790
d
Senior
Note
,
144A,
6
%
,
2/01/29
......................
United
States
2,000,000
2,031,658
Enterprise
Products
Operating
LLC
,
Senior
Bond
,
3.125
%
,
7/31/29
.........................................
United
States
2,000,000
1,867,366
Exxon
Mobil
Corp.
,
Senior
Bond
,
3.452
%
,
4/15/51
...........
United
States
2,000,000
1,491,770
d
Hess
Midstream
Operations
LP
,
Senior
Note
,
144A,
6.5
%
,
6/01/29
United
States
700,000
714,147
d
Matador
Resources
Co.
,
Senior
Note
,
144A,
6.5
%
,
4/15/32
....
United
States
3,000,000
3,017,219
MPLX
LP
,
Senior
Bond
,
5.5
%
,
6/01/34
..........................
United
States
4,600,000
4,635,677
Senior
Note
,
4.875
%
,
6/01/25
........................
United
States
4,500,000
4,478,846
d
Sunoco
LP
,
Senior
Note
,
144A,
7.25
%
,
5/01/32
.............
United
States
1,800,000
1,872,319
TransCanada
PipeLines
Ltd.
,
Senior
Bond
,
4.25
%
,
5/15/28
....
Canada
3,400,000
3,330,818
Transcontinental
Gas
Pipe
Line
Co.
LLC
,
Senior
Note
,
3.25
%
,
5/15/30
.........................................
United
States
4,500,000
4,146,268
d
Var
Energi
ASA
,
Senior
Bond
,
144A,
8
%
,
11/15/32
..........
Norway
6,500,000
7,429,947
d
Venture
Global
Calcasieu
Pass
LLC
,
Senior
Secured
Bond
,
144A,
4.125
%
,
8/15/31
............
United
States
2,000,000
1,819,479
Senior
Secured
Note
,
144A,
3.875
%
,
8/15/29
............
United
States
500,000
462,633
d
Vital
Energy,
Inc.
,
Senior
Note
,
144A,
7.875
%
,
4/15/32
.......
United
States
1,400,000
1,424,906
Williams
Cos.,
Inc.
(The)
,
Senior
Bond
,
3.5
%
,
11/15/30
.......
United
States
3,200,000
2,968,601
98,098,174
Paper
&
Forest
Products
0.1%
Suzano
Austria
GmbH
,
DM3N
,
Senior
Bond
,
3.125
%
,
1/15/32
..
Brazil
2,300,000
1,906,872
Passenger
Airlines
0.4%
d
American
Airlines,
Inc.
/
AAdvantage
Loyalty
IP
Ltd.
,
Senior
Secured
Note
,
144A,
5.75
%
,
4/20/29
...................
United
States
1,600,000
1,565,062
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
Corporate
Bonds
(continued)
Passenger
Airlines
(continued)
d
Delta
Air
Lines,
Inc.
/
SkyMiles
IP
Ltd.
,
Senior
Secured
Note
,
144A,
4.5
%
,
10/20/25
.............
United
States
5,166,250
$
5,141,811
Senior
Secured
Note
,
144A,
4.75
%
,
10/20/28
............
United
States
6,500,000
6,436,761
d
United
Airlines,
Inc.
,
Senior
Secured
Note
,
144A,
4.375
%
,
4/15/26
United
States
118,793
115,906
13,259,540
Personal
Care
Products
0.4%
Estee
Lauder
Cos.,
Inc.
(The)
,
Senior
Bond
,
4.65
%
,
5/15/33
...
United
States
10,700,000
10,558,754
Haleon
US
Capital
LLC
,
Senior
Note
,
3.625
%
,
3/24/32
.......
United
States
2,500,000
2,296,804
12,855,558
Pharmaceuticals
1.2%
d
Bayer
US
Finance
LLC
,
Senior
Note
,
144A,
6.375
%
,
11/21/30
..
Germany
10,000,000
10,475,203
Bristol-Myers
Squibb
Co.
,
Senior
Bond
,
2.55
%
,
11/13/50
......
United
States
9,700,000
5,904,897
d
Endo
Finance
Holdings,
Inc.
,
Senior
Secured
Note
,
144A,
8.5
%
,
4/15/31
.........................................
United
States
300,000
316,551
Pfizer
Investment
Enterprises
Pte.
Ltd.
,
Senior
Bond
,
4.75
%
,
5/19/33
.........................................
United
States
4,100,000
4,088,462
Pfizer,
Inc.
,
Senior
Bond
,
2.55
%
,
5/28/40
..................
United
States
5,500,000
3,945,141
Royalty
Pharma
plc
,
Senior
Bond
,
2.15
%
,
9/02/31
...........
United
States
11,800,000
9,764,115
Teva
Pharmaceutical
Finance
Netherlands
III
BV
,
Senior
Note
,
5.125
%
,
5/09/29
...................................
Israel
2,000,000
1,943,020
36,437,389
Software
0.2%
d
McAfee
Corp.
,
Senior
Note
,
144A,
7.375
%
,
2/15/30
..........
United
States
6,500,000
6,067,307
Technology
Hardware,
Storage
&
Peripherals
0.1%
Apple,
Inc.
,
Senior
Bond
,
2.65
%
,
5/11/50
..................
United
States
3,000,000
1,986,372
Textiles,
Apparel
&
Luxury
Goods
0.6%
d
Hanesbrands,
Inc.
,
Senior
Note
,
144A,
9
%
,
2/15/31
..........
United
States
900,000
953,291
Tapestry,
Inc.
,
Senior
Bond
,
7.85
%
,
11/27/33
........................
United
States
6,500,000
6,935,023
Senior
Note
,
7.05
%
,
11/27/25
........................
United
States
10,000,000
10,205,819
18,094,133
Tobacco
0.7%
Altria
Group,
Inc.
,
Senior
Bond
,
3.4
%
,
5/06/30
..............
United
States
15,000,000
13,884,765
d
Imperial
Brands
Finance
plc
,
Senior
Bond
,
144A,
4.25
%
,
7/21/25
United
Kingdom
412,000
406,902
Philip
Morris
International,
Inc.
,
Senior
Bond
,
5.375
%
,
2/15/33
..
United
States
8,800,000
8,979,366
23,271,033
Trading
Companies
&
Distributors
0.5%
d
EquipmentShare.com,
Inc.
,
Secured
Note
,
144A,
9
%
,
5/15/28
..
United
States
6,500,000
6,698,722
d
United
Rentals
North
America,
Inc.
,
Senior
Bond
,
144A,
6.125
%
,
3/15/34
.........................................
United
States
1,200,000
1,207,157
d
WESCO
Distribution,
Inc.
,
Senior
Note
,
144A,
6.625
%
,
3/15/32
.
United
States
6,300,000
6,425,558
14,331,437
Wireless
Telecommunication
Services
0.6%
T-Mobile
USA,
Inc.
,
Senior
Bond
,
5.15
%
,
4/15/34
.........................
United
States
6,500,000
6,550,838
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
Corporate
Bonds
(continued)
Wireless
Telecommunication
Services
(continued)
T-Mobile
USA,
Inc.,
(continued)
Senior
Note
,
3.875
%
,
4/15/30
........................
United
States
12,000,000
$
11,447,588
17,998,426
Total
Corporate
Bonds
(Cost
$
1,261,413,297
)
.................................
1,234,459,340
Senior
Floating
Rate
Interests
1.5%
Aerospace
&
Defense
0.1%
abc
abc
abc
abc
abc
abc
f
Alloy
Finco
Ltd.
,
First
Lien,
Term
Loan,
B
,
PIK,
14
%
,
3/08/28
...
United
Kingdom
828,266
807,559
h
Cobham
Ultra
SeniorCo
SARL
,
First
Lien,
USD
CME
Term
Loan,
B
,
9.262
%
,
(
6-month
SOFR
+
3.75
%
),
8/03/29
............
Luxembourg
538,650
525,857
1,333,416
a
a
a
a
a
a
h
Air
Freight
&
Logistics
0.0%
†
Clue
Opco
LLC
,
First
Lien,
CME
Term
Loan,
B
,
9.752
%
,
(
3-month
SOFR
+
4.5
%
),
12/19/30
............................
United
States
540,000
498,461
Rand
Parent
LLC
,
First
Lien,
CME
Term
Loan,
B
,
9.071
%
,
(
3-month
SOFR
+
3.75
%
),
3/18/30
.....................
United
States
562,540
562,112
1,060,573
a
a
a
a
a
a
h
Automobile
Components
0.1%
DexKo
Global,
Inc.
,
First
Lien,
Closing
Date
Dollar
CME
Term
Loan
,
9.346
%
,
(
3-month
SOFR
+
3.75
%
),
10/04/28
........
United
States
549,393
548,099
First
Brands
Group
LLC
,
First
Lien,
2021
CME
Term
Loan
,
10.514
%
,
(
3-month
SOFR
+
5
%
),
3/30/27
.....................................
United
States
354,783
353,064
Second
Lien,
2021
CME
Term
Loan
,
14.014
%
,
(
3-month
SOFR
+
8.5
%
),
3/30/28
..................................
United
States
296,984
285,105
abc
abc
abc
abc
abc
abc
Highline
Aftermarket
Acquisition
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
9.944
%
,
(
1-month
SOFR
+
4.5
%
),
11/09/27
.........
United
States
126,331
127,062
TI
Group
Automotive
Systems
LLC
,
First
Lien,
2021
Refinancing
CME
Term
Loan,
B
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
12/16/26
........................................
United
States
84,969
85,323
1,398,653
a
a
a
a
a
a
Automobiles
0.0%
†
h
American
Trailer
World
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
9.194
%
,
(
1-month
SOFR
+
3.75
%
),
3/03/28
..............
United
States
217,011
212,572
Beverages
0.0%
†
h
Triton
Water
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.846
%
,
(
3-month
SOFR
+
3.25
%
),
3/31/28
..............
United
States
552,697
555,008
Broadline
Retail
0.0%
†
h
Peer
Holding
III
BV
,
First
Lien,
CME
Term
Loan,
B5
,
8.228
%
,
(
12-month
SOFR
+
3
%
),
6/20/31
......................
Netherlands
230,572
231,869
h
Building
Products
0.0%
†
AZZ,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
5/14/29
............................
United
States
178,070
179,666
EMRLD
Borrower
LP
,
First
Lien,
Initial
CME
Term
Loan,
B
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
5/31/30
....................................
United
States
177,327
177,616
First
Lien,
Term
Loan,
B
,
7.728
%
,
(
12-month
SOFR
+
2.5
%
),
6/18/31
.........................................
United
States
103,550
103,701
abc
abc
abc
abc
abc
abc
MIWD
Holdco
II
LLC
,
First
Lien,
2024
Incremental
CME
Term
Loan
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
3/28/31
..........
United
States
80,838
81,199
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
Senior
Floating
Rate
Interests
(continued)
h
Building
Products
(continued)
abc
abc
abc
abc
abc
abc
Quikrete
Holdings,
Inc.
,
First
Lien,
CME
Term
Loan,
B2
,
7.594
%
,
(
1-month
SOFR
+
2.25
%
),
3/19/29
.....................
United
States
117,500
$
117,954
Summit
Materials
LLC
,
First
Lien,
CME
Term
Loan,
B2
,
7.804
%
,
(
3-month
SOFR
+
2.5
%
),
1/12/29
......................
United
States
53,537
53,905
714,041
a
a
a
a
a
a
h
Capital
Markets
0.1%
AAL
Delaware
Holdco,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
8.847
%
,
(
12-month
SOFR
+
3.5
%
),
7/24/31
..............
United
States
116,883
117,760
AI
Aqua
Merger
Sub,
Inc.
,
First
Lien,
2023
Incremental
Delayed
Draw
Term
Loan,
B
,
9.591
%
,
(
1-month
SOFR
+
4.25
%
),
7/31/28
..............
United
States
47,022
47,160
First
Lien,
Initial
CME
Term
Loan,
B
,
8.843
%
,
(
1-month
SOFR
+
3.5
%
),
7/31/28
....................................
United
States
118,982
119,445
abc
abc
abc
abc
abc
abc
Aretec
Group,
Inc.
,
First
Lien,
Term
Loan,
B2
,
9.344
%
,
(
1-month
SOFR
+
4
%
),
8/09/30
...............................
United
States
90,306
88,961
Citadel
Securities
LP
,
First
Lien,
CME
Term
Loan
,
7.594
%
,
(
1-month
SOFR
+
2.25
%
),
7/29/30
.....................
United
States
117,516
118,031
Edelman
Financial
Engines
Center
LLC
(The)
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
4/07/28
...................................
United
States
610,076
611,378
First
Eagle
Holdings,
Inc.
,
First
Lien,
CME
Term
Loan,
B2
,
8.33
%
,
(
3-month
SOFR
+
3
%
),
2/22/29
.......................
United
States
538,338
534,745
Jane
Street
Group
LLC
,
First
Lien,
2021
CME
Term
Loan
,
7.958
%
,
(
1-month
SOFR
+
2.5
%
),
1/26/28
...............
United
States
535,037
536,829
2,174,309
a
a
a
a
a
a
h
Chemicals
0.1%
Hexion
Holdings
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
9.977
%
,
(
3-month
SOFR
+
4.5
%
),
3/15/29
....................................
United
States
558,084
554,794
Second
Lien,
Initial
CME
Term
Loan
,
12.881
%
,
(
1-month
SOFR
+
7.438
%
),
3/15/30
................................
United
States
196,838
180,107
abc
abc
abc
abc
abc
abc
INEOS
US
Finance
LLC
,
First
Lien,
2030
Dollar
CME
Term
Loan
,
8.597
%
,
(
1-month
SOFR
+
3.25
%
),
2/18/30
..............
Luxembourg
232,472
231,808
INEOS
US
Petrochem
LLC
,
First
Lien,
2030
Dollar
CME
Term
Loan,
B
,
9.194
%
,
(
1-month
SOFR
+
3.75
%
),
3/14/30
............................
United
States
418,942
419,116
First
Lien,
New
CME
Term
Loan,
B1
,
9.694
%
,
(
1-month
SOFR
+
4.25
%
),
4/02/29
...................................
United
States
116,286
116,431
abc
abc
abc
abc
abc
abc
LSF11
A5
Holdco
LLC
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
10/16/28
.........
United
States
182,003
182,572
Nouryon
Finance
BV
,
First
Lien,
2024
Dollar
CME
Term
Loan,
B2
,
8.821
%
,
(
3-month
SOFR
+
3.5
%
),
4/03/28
...............
Netherlands
143,923
144,914
PMHC
II,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.704
%
,
(
3-month
SOFR
+
4.25
%
),
4/23/29
.....................
United
States
303,505
297,394
SCIH
Salt
Holdings,
Inc.
,
First
Lien,
Incremental
CME
Term
Loan,
B1
,
8.755
%
,
(
3-month
SOFR
+
3.5
%
),
3/16/27
............
United
States
655,271
658,288
2,785,424
a
a
a
a
a
a
h
Commercial
Services
&
Supplies
0.1%
Allied
Universal
Holdco
LLC
,
First
Lien,
Initial
US
Dollar
CME
Term
Loan
,
9.194
%
,
(
1-month
SOFR
+
3.75
%
),
5/12/28
.....
United
States
184,421
184,605
APi
Group
DE,
Inc.
,
First
Lien,
Repriced
2021
Incremental
CME
Term
Loan
,
7.347
%
,
(
1-month
SOFR
+
2
%
),
1/03/29
.......
United
States
96,088
96,474
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
154
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
h
Commercial
Services
&
Supplies
(continued)
abc
abc
abc
abc
abc
abc
APX
Group,
Inc.
,
First
Lien,
Initial
Term
Loan
,
8.075
%
,
(
PRIME
+
1.75
%
),
7/07/28
...................................
United
States
178,884
$
179,429
CCI
Buyer,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.335
%
,
(
3-month
SOFR
+
4
%
),
12/17/27
......................
United
States
539,153
540,220
Covanta
Holding
Corp.
,
First
Lien,
Initial
CME
Term
Loan,
B
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
11/30/28
...................................
United
States
500,376
501,730
First
Lien,
Initial
CME
Term
Loan,
C
,
7.588
%
,
(
6-month
SOFR
+
2.5
%
),
11/30/28
...................................
United
States
38,344
38,448
abc
abc
abc
abc
abc
abc
PG
Investment
Co.
59
SARL
,
First
Lien,
Initial
CME
Term
Loan
,
8.835
%
,
(
3-month
SOFR
+
3.5
%
),
2/24/31
...............
Luxembourg
186,017
187,528
Pitney
Bowes,
Inc.
,
First
Lien,
Refinancing
CME
Term
Loan,
B
,
9.458
%
,
(
1-month
SOFR
+
4
%
),
3/17/28
................
United
States
627,606
628,914
Spin
Holdco,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.6
%
,
(
3-month
SOFR
+
4
%
),
3/06/28
.......................
United
States
302,067
249,867
2,607,215
a
a
a
a
a
a
h
Communications
Equipment
0.0%
†
CommScope,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.708
%
,
(
1-month
SOFR
+
3.25
%
),
4/06/26
.....................
United
States
127,247
119,493
Delta
Topco,
Inc.
,
First
Lien,
Second
Amendment
CME
Term
Loan
,
8.846
%
,
(
3-month
SOFR
+
3.5
%
),
11/30/29
.........
United
States
303,636
304,269
423,762
a
a
a
a
a
a
h
Construction
&
Engineering
0.1%
Chromalloy
Corp.
,
First
Lien,
CME
Term
Loan
,
9.082
%
,
(
3-month
SOFR
+
3.75
%
),
3/27/31
............................
United
States
559,972
552,359
Radar
Bidco
SARL
,
First
Lien,
USD
CME
Term
Loan,
B
,
9.568
%
,
(
3-month
SOFR
+
4.25
%
),
3/27/31
.....................
Luxembourg
175,325
176,312
Zekelman
Industries,
Inc.
,
First
Lien,
2024
CME
Term
Loan
,
7.6
%
,
(
1-month
SOFR
+
2.25
%
),
1/24/31
.....................
United
States
538,650
540,813
1,269,484
a
a
a
a
a
a
h
Consumer
Finance
0.0%
†
Neon
Maple
US
Debt
Mergersub,
Inc.
,
First
Lien,
CME
Term
Loan
,
8.153
%
,
(
12-month
SOFR
+
3
%
),
7/18/31
...........
United
States
349,892
349,236
Nuvei
Technologies
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
8.444
%
,
(
1-month
SOFR
+
3
%
),
12/19/30
................
Canada
78,312
78,672
427,908
a
a
a
a
a
a
h
Containers
&
Packaging
0.1%
Berlin
Packaging
LLC
,
First
Lien,
2024
Replacement
CME
Term
Loan
,
9.157
%
,
(
3-month
SOFR
+
3.75
%
),
5/09/31
.........
United
States
540,000
542,797
Charter
Next
Generation,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
8.597
%
,
(
1-month
SOFR
+
3.25
%
),
12/01/27
.............
United
States
116,367
117,034
Klockner
Pentaplast
of
America,
Inc.
,
First
Lien,
USD
CME
Term
Loan,
B
,
10.267
%
,
(
6-month
SOFR
+
4.725
%
),
2/09/26
.....
Luxembourg
405,504
382,492
LC
Ahab
US
Bidco
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
5/01/31
...............
United
States
118,162
118,851
Pactiv
Evergreen
Group
Holdings,
Inc.
,
First
Lien,
Term
Loan,
B4
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
9/25/28
...............
United
States
81,563
81,826
SupplyOne,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
9.594
%
,
(
1-month
SOFR
+
4.25
%
),
4/21/31
............................
United
States
538,650
542,240
1,785,240
a
a
a
a
a
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
155
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
Distributors
0.0%
†
abc
abc
abc
abc
abc
h
Core
&
Main
LP
,
First
Lien,
CME
Term
Loan,
D
,
7.339
%
,
(
3-month
SOFR
+
2
%
),
7/27/28
...............................
United
States
385,222
$
386,345
Diversified
Consumer
Services
0.0%
†
h
WW
International,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
4/13/28
......................
United
States
178,190
68,102
Diversified
Telecommunication
Services
0.0%
†
h
Altice
France
SA
,
First
Lien,
CME
Term
Loan,
B14
,
10.801
%
,
(
3-month
SOFR
+
5.5
%
),
8/15/28
......................
France
72,836
55,793
Electric
Utilities
0.0%
†
h
NRG
Energy,
Inc.
,
First
Lien,
2024
New
CME
Term
Loan
,
7.264
%
,
(
3-month
SOFR
+
2
%
),
3/27/31
.......................
United
States
538,650
541,343
Electrical
Equipment
0.0%
†
h
Indicor
LLC
,
First
Lien,
Term
Loan,
C
,
8.585
%
,
(
3-month
SOFR
+
3.25
%
),
11/22/29
..................................
United
States
100,650
100,955
h
Entertainment
0.0%
†
Banijay
Group
US
Holding,
Inc.
,
First
Lien,
USD
CME
Term
Loan,
B
,
8.587
%
,
(
1-month
SOFR
+
3.25
%
),
3/01/28
............
France
153,544
154,191
Playtika
Holding
Corp.
,
First
Lien,
CME
Term
Loan,
B1
,
8.208
%
,
(
1-month
SOFR
+
2.75
%
),
3/13/28
.....................
United
States
121,055
121,428
275,619
a
a
a
a
a
a
h
Food
Products
0.0%
†
Fiesta
Purchaser,
Inc.
,
First
Lien,
CME
Term
Loan
,
9.344
%
,
(
1-month
SOFR
+
4
%
),
2/12/31
.......................
United
States
145,033
146,112
Primary
Products
Finance
LLC
,
First
Lien,
CME
Term
Loan,
B
,
8.971
%
,
(
3-month
SOFR
+
3.5
%
),
4/02/29
...............
United
States
221,665
222,438
Simply
Good
Foods
USA,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
7.944
%
,
(
1-month
SOFR
+
2.5
%
),
3/17/27
...............
United
States
39,359
39,654
408,204
a
a
a
a
a
a
h
Ground
Transportation
0.1%
Albion
Financing
3
SARL
,
First
Lien,
2024
Amended
USD
CME
Term
Loan
,
9.826
%
,
(
3-month
SOFR
+
4.25
%
),
8/17/29
.....
Luxembourg
63,981
64,581
Avis
Budget
Car
Rental
LLC
,
First
Lien,
New
CME
Term
Loan,
C
,
8.444
%
,
(
1-month
SOFR
+
3
%
),
3/16/29
................
United
States
534,213
535,885
First
Student
Bidco,
Inc.
,
First
Lien,
Initial
CME
Term
Loan,
B
,
8.596
%
,
(
3-month
SOFR
+
3
%
),
7/21/28
.....................................
United
States
411,458
412,944
First
Lien,
Initial
CME
Term
Loan,
C
,
8.596
%
,
(
3-month
SOFR
+
3
%
),
7/21/28
.....................................
United
States
125,490
125,943
abc
abc
abc
abc
abc
abc
Savage
Enterprises
LLC
,
First
Lien,
Initial
Term
Loan
,
8.329
%
,
(
1-month
SOFR
+
3
%
),
9/15/28
.......................
United
States
133,443
134,158
1,273,511
a
a
a
a
a
a
h
Health
Care
Equipment
&
Supplies
0.0%
†
Bausch
+
Lomb
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
8.695
%
,
(
1-month
SOFR
+
3.25
%
),
5/10/27
.....................
United
States
537,259
528,531
Medline
Borrower
LP
,
First
Lien,
Dollar
Incremental
CME
Term
Loan
,
7.594
%
,
(
1-month
SOFR
+
2.25
%
),
10/23/28
....................
United
States
73,871
74,021
First
Lien,
Initial
CME
Term
Loan
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
10/23/28
...................................
United
States
100,612
101,040
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
156
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
h
Health
Care
Equipment
&
Supplies
(continued)
abc
abc
abc
abc
abc
abc
US
Radiology
Specialists,
Inc.
(US
Outpatient
Imaging
Services,
Inc.)
,
First
Lien,
CME
Term
Loan
,
10.036
%
,
(
3-month
SOFR
+
4.75
%
),
12/15/27
..................................
United
States
109,700
$
110,023
813,615
a
a
a
a
a
a
h
Health
Care
Providers
&
Services
0.1%
ADMI
Corp.
,
First
Lien,
Amendment
No.
4
Refinancing
CME
Term
Loan
,
8.833
%
,
(
1-month
SOFR
+
3.375
%
),
12/23/27
.......
United
States
588,933
575,300
Charlotte
Buyer,
Inc.
,
First
Lien,
First
Refinancing
CME
Term
Loan
,
10.076
%
,
(
1-month
SOFR
+
4.75
%
),
2/11/28
........
United
States
180,865
182,004
CNT
Holdings
I
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
8.752
%
,
(
3-month
SOFR
+
3.5
%
),
11/08/27
.....................
United
States
77,201
77,618
DaVita,
Inc.
,
First
Lien,
Extended
CME
Term
Loan,
B1
,
7.344
%
,
(
1-month
SOFR
+
2
%
),
4/25/31
.......................
United
States
540,000
540,062
Medical
Solutions
Holdings,
Inc.
,
First
Lien,
CME
Term
Loan
,
8.602
%
,
(
3-month
SOFR
+
3.25
%
),
11/01/28
.............
United
States
187,062
149,917
Pacific
Dental
Services
LLC
,
First
Lien,
CME
Term
Loan
,
8.585
%
,
(
1-month
SOFR
+
3.25
%
),
3/17/31
.....................
United
States
209,637
210,778
f
Radiology
Partners,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
PIK,
10.588
%
,
(
3-month
SOFR
+
5
%
),
1/31/29
................
United
States
275,989
262,449
Star
Parent,
Inc.
,
First
Lien,
CME
Term
Loan
,
9.085
%
,
(
3-month
SOFR
+
3.75
%
),
9/27/30
............................
United
States
74,060
74,271
Surgery
Center
Holdings,
Inc.
,
First
Lien,
2024
Refinancing
CME
Term
Loan
,
8.095
%
,
(
1-month
SOFR
+
2.75
%
),
12/19/30
....
United
States
16,880
16,947
US
Anesthesia
Partners,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.707
%
,
(
1-month
SOFR
+
4.25
%
),
10/02/28
.............
United
States
563,467
546,016
Waystar
Technologies,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.094
%
,
(
1-month
SOFR
+
2.75
%
),
10/22/29
.............
United
States
55,351
55,870
2,691,232
a
a
a
a
a
a
Health
Care
Technology
0.0%
†
h
athenahealth
Group,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
2/15/29
..............
United
States
538,626
538,459
h
Hotels,
Restaurants
&
Leisure
0.1%
f
24
Hour
Fitness
Worldwide,
Inc.
,
First
Lien,
Exit
CME
Term
Loan
,
PIK,
10.571
%
,
(
3-month
SOFR
+
5
%
),
12/29/25
...........
United
States
675,978
286,165
Aramark
Services,
Inc.
,
First
Lien,
CME
Term
Loan,
B7
,
7.344
%
,
(
1-month
SOFR
+
2
%
),
4/06/28
.......................
United
States
540,000
542,093
Bally's
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
8.794
%
,
(
3-month
SOFR
+
3.25
%
),
10/02/28
...........................
United
States
494,087
474,267
Dave
&
Buster's,
Inc.
,
First
Lien,
2024
Refinancing
CME
Term
Loan,
B
,
8.625
%
,
(
1-month
SOFR
+
3.25
%
),
6/29/29
.......
United
States
119,883
120,390
Entain
plc
,
First
Lien,
CME
Term
Loan,
B3
,
8.014
%
,
(
6-month
SOFR
+
2.75
%
),
10/31/29
...........................
United
Kingdom
277,126
277,963
Flutter
Entertainment
plc
,
First
Lien,
CME
Term
Loan,
B
,
7.585
%
,
(
3-month
SOFR
+
2.25
%
),
11/25/30
....................
Ireland
538,647
540,106
Hilton
Grand
Vacations
Borrower
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
8/02/28
..........
United
States
105,185
105,432
Ontario
Gaming
GTA
LP
,
First
Lien,
CME
Term
Loan,
B
,
9.585
%
,
(
3-month
SOFR
+
4.25
%
),
8/01/30
.....................
Canada
58,239
58,563
Raptor
Acquisition
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
9.609
%
,
(
3-month
SOFR
+
4
%
),
11/01/26
......................
United
States
156,788
157,886
Scientific
Games
Holdings
LP
,
First
Lien,
2024
Refinancing
Dollar
CME
Term
Loan
,
8.318
%
,
(
3-month
SOFR
+
3
%
),
4/04/29
...
United
States
531,350
531,150
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
157
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
h
Hotels,
Restaurants
&
Leisure
(continued)
abc
abc
abc
abc
abc
abc
Whatabrands
LLC
,
First
Lien,
2024
CME
Term
Loan,
B
,
8.094
%
,
(
1-month
SOFR
+
2.75
%
),
8/03/28
.....................
United
States
127,642
$
127,899
3,221,914
a
a
a
a
a
a
Household
Durables
0.0%
†
h
Hunter
Douglas,
Inc.
,
First
Lien,
CME
Term
Loan,
B1
,
8.836
%
,
(
3-month
SOFR
+
3.5
%
),
2/25/29
......................
Netherlands
535,989
531,634
h
Independent
Power
and
Renewable
Electricity
Producers
0.0%
†
Calpine
Construction
Finance
Co.
LP
,
First
Lien,
CME
Term
Loan,
B
,
7.344
%
,
(
1-month
SOFR
+
2
%
),
7/31/30
..............
United
States
540,000
540,292
Calpine
Corp.
,
First
Lien,
CME
Term
Loan
,
7.344
%
,
(
1-month
SOFR
+
2
%
),
1/31/31
...............................
United
States
538,650
539,081
1,079,373
a
a
a
a
a
a
h
Insurance
0.1%
Acrisure
LLC
,
First
Lien,
Term
Loan,
B6
,
8.594
%
,
(
3-month
SOFR
+
3.25
%
),
11/06/30
.................................
United
States
81,889
81,910
AssuredPartners,
Inc.
,
First
Lien,
2024
CME
Term
Loan
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
2/14/31
......................
United
States
227,494
228,518
Asurion
LLC
,
First
Lien,
New
CME
Term
Loan,
B10
,
9.444
%
,
(
1-month
SOFR
+
4
%
),
8/21/28
....................................
United
States
69,299
68,812
First
Lien,
New
CME
Term
Loan,
B11
,
9.694
%
,
(
1-month
SOFR
+
4.25
%
),
8/21/28
.................................
United
States
542,662
541,257
Second
Lien,
New
CME
Term
Loan,
B4
,
10.708
%
,
(
1-month
SOFR
+
5.25
%
),
1/19/29
............................
United
States
663,780
614,913
abc
abc
abc
abc
abc
abc
Broadstreet
Partners,
Inc.
,
First
Lien,
CME
Term
Loan,
B4
,
8.494
%
,
(
12-month
SOFR
+
3.25
%
),
5/12/31
.............
United
States
548,108
549,757
Sedgwick
Claims
Management
Services,
Inc.
,
First
Lien,
2023
CME
Term
Loan
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
2/24/28
.
United
States
312,817
313,751
2,398,918
a
a
a
a
a
a
h
IT
Services
0.0%
†
Fortress
Intermediate
3,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.097
%
,
(
1-month
SOFR
+
3.75
%
),
6/27/31
..............
United
States
98,837
99,023
Gainwell
Acquisition
Corp.
,
First
Lien,
CME
Term
Loan,
B
,
9.435
%
,
(
3-month
SOFR
+
4
%
),
10/01/27
................
United
States
240,099
214,288
313,311
a
a
a
a
a
a
h
Leisure
Products
0.0%
†
19th
Holdings
Golf
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.682
%
,
(
1-month
SOFR
+
3.25
%
),
2/07/29
..............
United
States
497,462
490,002
GBT
US
III
LLC
,
First
Lien,
CME
Term
Loan,
B
,
8.279
%
,
(
12-month
SOFR
+
3.5
%
),
7/18/31
.....................
United
States
149,584
149,865
Topgolf
Callaway
Brands
Corp.
,
First
Lien,
Initial
CME
Term
Loan
,
8.344
%
,
(
1-month
SOFR
+
3
%
),
3/18/30
................
United
States
477,330
479,674
1,119,541
a
a
a
a
a
a
h
Machinery
0.0%
†
CPM
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.842
%
,
(
1-month
SOFR
+
4.5
%
),
9/28/28
......................
United
States
538,647
531,353
Crosby
US
Acquisition
Corp.
,
First
Lien,
Amendment
No.
3
Replacement
CME
Term
Loan
,
9.344
%
,
(
1-month
SOFR
+
4
%
),
8/16/29
.........................................
United
States
224,624
226,010
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
158
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
h
Machinery
(continued)
abc
abc
abc
abc
abc
abc
SunSource
Borrower,
Inc.
,
First
Lien,
First
Refinancing
CME
Term
Loan
,
9.444
%
,
(
1-month
SOFR
+
4
%
),
3/25/31
............
United
States
309,569
$
311,117
1,068,480
a
a
a
a
a
a
h
Media
0.0%
†
Cengage
Learning,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
9.538
%
,
(
6-month
SOFR
+
4.25
%
),
3/14/31
.....................
United
States
148,421
149,256
Gray
Television,
Inc.
,
First
Lien,
CME
Term
Loan,
D
,
8.457
%
,
(
1-month
SOFR
+
3
%
),
12/01/28
......................
United
States
223,754
208,354
MH
Sub
I
LLC
(Micro
Holding
Corp.)
,
First
Lien,
CME
Term
Loan
,
9.594
%
,
(
1-month
SOFR
+
4.25
%
),
5/03/28
..............
United
States
541,326
540,674
898,284
a
a
a
a
a
a
Metals
&
Mining
0.0%
†
h
Arsenal
AIC
Parent
LLC
,
First
Lien,
2024
CME
Term
Loan,
B
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
8/19/30
..............
United
States
68,173
68,531
h
Oil,
Gas
&
Consumable
Fuels
0.0%
†
Oryx
Midstream
Services
Permian
Basin
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.441
%
,
(
1-month
SOFR
+
3
%
),
10/05/28
..
United
States
497,500
499,968
UGI
Energy
Services
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
2/22/30
...............
United
States
379,319
380,813
880,781
a
a
a
a
a
a
h
Passenger
Airlines
0.1%
AAdvantage
Loyalty
IP
Ltd.
,
First
Lien,
Initial
CME
Term
Loan
,
10.294
%
,
(
3-month
SOFR
+
4.75
%
),
4/20/28
.............
United
States
97,874
101,379
Air
Canada
,
First
Lien,
CME
Term
Loan
,
7.847
%
,
(
3-month
SOFR
+
2.5
%
),
3/21/31
..................................
Canada
88,723
89,125
American
Airlines,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
7.775
%
,
(
3-month
SOFR
+
2.5
%
),
6/04/29
......................
United
States
578,190
576,166
United
Airlines,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
8.033
%
,
(
3-month
SOFR
+
2.75
%
),
2/22/31
.....................
United
States
223,834
224,994
WestJet
Loyalty
LP
,
First
Lien,
Initial
CME
Term
Loan
,
9.082
%
,
(
3-month
SOFR
+
3.75
%
),
2/14/31
.....................
Canada
538,650
540,067
1,531,731
a
a
a
a
a
a
h
Pharmaceuticals
0.0%
†
Endo
Finance
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
9.783
%
,
(
3-month
SOFR
+
4.5
%
),
4/09/31
...............
United
States
166,256
166,845
Jazz
Financing
Lux
SARL
,
First
Lien,
Dollar
CME
Term
Loan,
B1
,
8.458
%
,
(
1-month
SOFR
+
3
%
),
5/05/28
................
United
States
161,501
161,962
Organon
&
Co.
,
First
Lien,
Dollar
CME
Term
Loan
,
7.835
%
,
(
1-month
SOFR
+
2.5
%
),
5/19/31
......................
United
States
85,795
86,277
415,084
a
a
a
a
a
a
h
Professional
Services
0.1%
CoreLogic,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
6/02/28
......................
United
States
538,615
531,716
EAB
Global,
Inc.
,
First
Lien,
CME
Term
Loan
,
8.844
%
,
(
1-month
SOFR
+
3.25
%
),
8/16/28
............................
United
States
538,623
538,286
Maximus,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
7.344
%
,
(
1-month
SOFR
+
2
%
),
5/30/31
...............................
United
States
203,927
204,566
TTF
Holdings
LLC
,
First
Lien,
CME
Term
Loan,
B
,
9.237
%
,
(
12-month
SOFR
+
4
%
),
5/28/31
......................
United
States
123,566
123,952
1,398,520
a
a
a
a
a
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
159
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
Real
Estate
Management
&
Development
0.0%
†
abc
abc
abc
abc
abc
h
Cushman
&
Wakefield
US
Borrower
LLC
,
First
Lien,
CME
Term
Loan
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
1/31/30
.........
United
States
538,650
$
541,343
h
Software
0.1%
Adeia,
Inc.
,
First
Lien,
CME
Term
Loan,
B
,
8.345
%
,
(
1-month
SOFR
+
3
%
),
6/08/28
...............................
United
States
528,438
530,917
AppLovin
Corp.
,
First
Lien,
Delayed
Draw
CME
Term
Loan,
B
,
7.844
%
,
(
1-month
SOFR
+
2.5
%
),
8/15/30
...............
United
States
301,974
303,035
Flexera
Software
LLC
,
First
Lien,
CME
Term
Loan,
B2
,
8.826
%
,
(
3-month
SOFR
+
3.5
%
),
3/03/28
......................
United
States
50,720
50,983
Genesys
Cloud
Services
Holdings
II
LLC
,
First
Lien,
Dollar
CME
Term
Loan,
B4
,
8.844
%
,
(
1-month
SOFR
+
3.5
%
),
12/01/27
..
United
States
171,987
173,179
IGT
Holding
IV
AB
,
First
Lien,
CME
Term
Loan,
B2
,
4.162
%
,
(
1-
day
SOFR
+
3.4
%
),
3/31/28
..........................
Sweden
538,608
539,842
Ivanti
Software,
Inc.
,
First
Lien,
First
Amendment
CME
Term
Loan
,
9.569
%
,
(
3-month
SOFR
+
4
%
),
12/01/27
...........
United
States
36,150
30,250
McAfee
Corp.
,
First
Lien,
Term
Loan,
B1
,
8.592
%
,
(
1-month
SOFR
+
3.25
%
),
3/01/29
............................
United
States
533,996
534,036
Polaris
Newco
LLC
,
First
Lien,
Dollar
CME
Term
Loan
,
9.514
%
,
(
3-month
SOFR
+
4
%
),
6/02/28
.......................
United
States
233,108
233,690
Rocket
Software,
Inc.
,
First
Lien,
CME
Term
Loan
,
10.094
%
,
(
1-month
SOFR
+
4.75
%
),
11/28/28
....................
United
States
118,568
119,165
Sovos
Compliance
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
9.958
%
,
(
1-month
SOFR
+
4.5
%
),
8/11/28
...............
United
States
458,824
458,854
VS
Buyer
LLC
,
First
Lien,
2024
Initial
CME
Term
Loan
,
8.579
%
,
(
1-month
SOFR
+
3.25
%
),
4/14/31
.....................
United
States
123,288
123,943
3,097,894
a
a
a
a
a
a
h
Specialty
Retail
0.1%
Evergreen
Acqco
1
LP
,
First
Lien,
Initial
CME
Term
Loan
,
9.085
%
,
(
3-month
SOFR
+
3.75
%
),
4/26/28
.....................
United
States
122,213
123,092
GNC
Holdings,
Inc.
,
Second
Lien,
CME
Term
Loan
,
11.444
%
,
(
1-month
SOFR
+
6
%
),
10/07/26
......................
United
States
858,008
622,056
Great
Outdoors
Group
LLC
,
First
Lien,
CME
Term
Loan,
B1
,
9.208
%
,
(
1-month
SOFR
+
3.75
%
),
3/06/28
..............
United
States
129,055
129,055
Johnstone
Supply
LLC
,
First
Lien,
Initial
CME
Term
Loan
,
8.332
%
,
(
1-month
SOFR
+
3
%
),
5/16/31
................
United
States
447,514
449,192
Park
River
Holdings,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.843
%
,
(
3-month
SOFR
+
3.25
%
),
12/28/27
.............
United
States
65,905
62,832
Petco
Health
&
Wellness
Co.,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.846
%
,
(
3-month
SOFR
+
3.25
%
),
3/03/28
.........
United
States
540,000
500,399
RealTruck
Group,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
8.958
%
,
(
1-month
SOFR
+
3.5
%
),
1/31/28
......................
United
States
180,285
180,098
Restoration
Hardware,
Inc.
,
First
Lien,
2022
Incremental
CME
Term
Loan
,
8.694
%
,
(
1-month
SOFR
+
3.25
%
),
10/20/28
....
United
States
246,916
237,348
White
Cap
Supply
Holdings
LLC
,
First
Lien,
Term
Loan,
C
,
8.594
%
,
(
1-month
SOFR
+
3.25
%
),
10/19/29
.............
United
States
61,668
61,385
2,365,457
a
a
a
a
a
a
h
Textiles,
Apparel
&
Luxury
Goods
0.0%
†
Flash
Charm,
Inc.
,
First
Lien,
Term
Loan,
B2
,
8.748
%
,
(
1-month
SOFR
+
3.5
%
),
3/02/28
.............................
United
States
534,952
532,620
Hanesbrands,
Inc.
,
First
Lien,
Initial
CME
Term
Loan,
B
,
9.094
%
,
(
1-month
SOFR
+
3.75
%
),
3/08/30
.....................
United
States
534,186
536,691
1,069,311
a
a
a
a
a
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
160
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Senior
Floating
Rate
Interests
(continued)
Transportation
Infrastructure
0.0%
†
abc
abc
abc
abc
abc
h
LaserShip,
Inc.
,
First
Lien,
Initial
CME
Term
Loan
,
10.096
%
,
(
3-month
SOFR
+
4.5
%
),
5/08/28
......................
United
States
195,437
$
153,174
Total
Senior
Floating
Rate
Interests
(Cost
$
46,385,112
)
........................
46,285,933
i
Marketplace
Loans
1.2%
a
Financial
Services
1.2%
a
a
a
a
a
a
Total
Marketplace
Loans
(Cost
$
42,902,608
)
..................................
36,872,388
Foreign
Government
and
Agency
Securities
1.4%
d
Banque
Ouest
Africaine
de
Developpement
,
Senior
Bond
,
144A,
5
%
,
7/27/27
......................................
Supranational
j
10,700,000
10,300,061
Colombia
Government
Bond
,
Senior
Bond
,
5
%
,
6/15/45
......
Colombia
8,800,000
6,309,178
d
Corp.
Nacional
del
Cobre
de
Chile
,
Senior
Bond
,
144A,
3.75
%
,
1/15/31
.........................................
Chile
6,500,000
5,904,353
d
Electricite
de
France
SA
,
Senior
Note
,
144A,
5.7
%
,
5/23/28
....
France
2,100,000
2,159,475
d
Korea
Electric
Power
Corp.
,
Senior
Note
,
144A,
5.375
%
,
4/06/26
South
Korea
3,900,000
3,933,117
d
Panama
Government
Bond
,
Senior
Note
,
144A,
3.75
%
,
4/17/26
Panama
5,700,000
5,369,685
Peru
Government
Bond
,
Senior
Bond
,
2.783
%
,
1/23/31
.......
Peru
8,000,000
6,946,186
Petroleos
Mexicanos
,
Senior
Bond
,
6.625
%
,
6/15/35
.........
Mexico
6,000,000
4,663,034
Total
Foreign
Government
and
Agency
Securities
(Cost
$
53,334,753
)
............
45,585,089
U.S.
Government
and
Agency
Securities
22.2%
FFCB
,
2.1
%,
2/25/36
.................................
United
States
9,300,000
7,200,777
U.S.
Treasury
Bonds
,
1.125
%,
5/15/40
...................................
United
States
4,000,000
2,557,266
1.75
%,
8/15/41
...................................
United
States
73,200,000
50,183,461
3.875
%,
2/15/43
...................................
United
States
12,800,000
11,935,750
2.5
%,
5/15/46
....................................
United
States
27,000,000
19,631,953
2.25
%,
8/15/46
...................................
United
States
45,800,000
31,602,000
2.75
%,
11/15/47
...................................
United
States
25,500,000
19,165,840
3.125
%,
5/15/48
...................................
United
States
16,500,000
13,247,695
2.875
%,
5/15/49
...................................
United
States
21,250,000
16,213,086
2.25
%,
8/15/49
...................................
United
States
39,000,000
26,073,633
1.25
%,
5/15/50
...................................
United
States
47,800,000
24,560,051
1.875
%,
11/15/51
..................................
United
States
83,850,000
50,342,753
3.625
%,
5/15/53
...................................
United
States
10,300,000
9,054,344
U.S.
Treasury
Notes
,
0.25
%,
9/30/25
...................................
United
States
38,500,000
36,604,326
0.375
%,
11/30/25
..................................
United
States
128,000,000
121,162,500
0.375
%,
12/31/25
..................................
United
States
41,000,000
38,700,957
k
Index
Linked,
0.625
%,
1/15/26
........................
United
States
35,400,000
45,391,140
0.75
%,
5/31/26
...................................
United
States
2,000,000
1,875,117
1.875
%,
2/28/27
...................................
United
States
27,900,000
26,374,764
2.75
%,
4/30/27
...................................
United
States
138,300,000
133,489,212
3.25
%,
6/30/27
...................................
United
States
18,100,000
17,702,295
Total
U.S.
Government
and
Agency
Securities
(Cost
$
771,320,826
)
..............
703,068,920
Asset-Backed
Securities
6.9%
Financial
Services
6.9%
abc
abc
abc
abc
abc
abc
d
,h
Antares
CLO
Ltd.
,
2018-1A
,
B
,
144A,
FRN
,
7.194
%
,
(
3-month
SOFR
+
1.912
%
),
4/20/31
.
...........................
United
States
12,900,000
12,908,358
abc
abc
abc
abc
abc
abc
d
,h
Barings
CLO
Ltd.
,
2018-4A
,
A1R
,
144A,
FRN
,
6.451
%
,
(
3-month
SOFR
+
1.15
%
),
10/15/30
.
...........................
United
States
15,065,088
15,084,705
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
161
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
(continued)
Financial
Services
(continued)
abc
abc
abc
abc
abc
abc
d
,h
Carlyle
Global
Market
Strategies
CLO
Ltd.
,
2014-1A
,
A1R2
,
144A,
FRN
,
6.517
%
,
(
3-month
SOFR
+
1.232
%
),
4/17/31
..................................
United
States
377,566
$
377,664
2014-1A
,
A2R2
,
144A,
FRN
,
6.677
%
,
(
3-month
SOFR
+
1.392
%
),
4/17/31
..................................
United
States
6,300,000
6,317,139
2015-4A
,
A1RR
,
144A,
FRN
,
6.502
%
,
(
3-month
SOFR
+
1.22
%
),
7/20/32
...................................
United
States
15,290,000
15,337,265
abc
abc
abc
abc
abc
abc
d
,h
CIFC
Funding
Ltd.
,
2022-2A
,
A1
,
144A,
FRN
,
6.599
%
,
(
3-month
SOFR
+
1.32
%
),
4/19/35
.........................................
United
States
23,690,000
23,756,010
2024-2A
,
A1
,
144A,
FRN
,
6.848
%
,
(
3-month
SOFR
+
1.52
%
),
4/22/37
.........................................
United
States
7,200,000
7,203,267
abc
abc
abc
abc
abc
abc
d
,l
Consumer
Loan
Underlying
Bond
Certificate
Issuer
Trust
I
,
2019-26
,
PT
,
144A,
FRN
,
11.51
%
,
8/15/44
...............
United
States
40,249
39,073
2019-31
,
PT
,
144A,
FRN
,
9.263
%
,
9/15/44
...............
United
States
59,580
47,359
2019-37
,
PT
,
144A,
FRN
,
10.031
%
,
10/17/44
.............
United
States
80,390
73,955
2019-42
,
PT
,
144A,
FRN
,
9.66
%
,
11/15/44
...............
United
States
80,282
71,106
2019-51
,
PT
,
144A,
FRN
,
11.418
%
,
1/15/45
..............
United
States
145,756
135,037
2019-52
,
PT
,
144A,
FRN
,
12.09
%
,
1/15/45
...............
United
States
127,129
117,073
2019-S2
,
PT
,
144A,
FRN
,
13.654
%
,
5/16/44
..............
United
States
7,491
7,210
2019-S3
,
PT
,
144A,
FRN
,
12.981
%
,
6/15/44
..............
United
States
4,374
4,078
2019-S4
,
PT
,
144A,
FRN
,
12.603
%
,
8/15/44
..............
United
States
12,074
11,859
2019-S5
,
PT
,
144A,
FRN
,
0.36
%
,
9/15/44
................
United
States
26,715
24,175
2019-S6
,
PT
,
144A,
FRN
,
4.972
%
,
10/17/44
..............
United
States
51,943
50,430
2019-S7
,
PT
,
144A,
FRN
,
4.8
%
,
12/15/44
................
United
States
43,478
41,036
2019-S8
,
PT
,
144A,
FRN
,
4.88
%
,
1/15/45
................
United
States
72,732
61,850
2020-2
,
PT
,
144A,
FRN
,
13.54
%
,
3/15/45
................
United
States
161,507
154,042
2020-7
,
PT
,
144A,
FRN
,
12.05
%
,
4/17/45
................
United
States
118,733
111,828
abc
abc
abc
abc
abc
abc
d
,h
Cook
Park
CLO
Ltd.
,
2018-1A
,
A2
,
144A,
FRN
,
6.667
%
,
(
3-month
SOFR
+
1.382
%
),
4/17/30
.
...........................
United
States
6,000,000
6,002,347
abc
abc
abc
abc
abc
abc
h
CWABS,
Inc.
,
2004-1
,
M1
,
FRN
,
6.214
%
,
(
1-month
SOFR
+
0.864
%
),
3/25/34
.
.................................
United
States
129,821
129,822
abc
abc
abc
abc
abc
abc
d
,h
Dryden
97
CLO
Ltd.
,
2022-97A
,
A
,
144A,
FRN
,
6.582
%
,
(
3-month
SOFR
+
1.3
%
),
4/20/35
.
.............................
United
States
17,750,000
17,799,597
abc
abc
abc
abc
abc
abc
d
,h
Ellington
CLO
III
Ltd.
,
2018-3A
,
A1
,
144A,
FRN
,
7.194
%
,
(
3-month
SOFR
+
1.912
%
),
7/20/30
.........................................
United
States
1,887,285
1,890,443
2018-3A
,
A2R
,
144A,
FRN
,
7.294
%
,
(
3-month
SOFR
+
2.012
%
),
7/20/30
..................................
United
States
3,494,972
3,499,727
abc
abc
abc
abc
abc
abc
d
FirstKey
Homes
Trust
,
2020-SFR2
,
A
,
144A,
1.266
%
,
10/19/37
.
.
United
States
10,885,826
10,389,240
abc
abc
abc
abc
abc
abc
d
,h
Galaxy
XXVII
CLO
Ltd.
,
2018-27A
,
A
,
144A,
FRN
,
6.608
%
,
(
3-month
SOFR
+
1.282
%
),
5/16/31
.
...................
United
States
633,787
634,730
abc
abc
abc
abc
abc
abc
d
Home
Partners
of
America
Trust
,
2021-2
,
B
,
144A,
2.302
%
,
12/17/26
....................
United
States
15,249,331
14,214,193
2021-3
,
B
,
144A,
2.649
%
,
1/17/41
.....................
United
States
5,789,305
5,225,808
abc
abc
abc
abc
abc
abc
d
,h
Madison
Park
Funding
XXIX
Ltd.
,
2018-29A
,
AR
,
144A,
FRN
,
6.459
%
,
(
3-month
SOFR
+
1.18
%
),
10/18/30
.
.............
United
States
14,743,514
14,758,767
abc
abc
abc
abc
abc
abc
d
,h
Neuberger
Berman
CLO
XVIII
Ltd.
,
2014-18A
,
A1BR
,
144A,
FRN
,
6.944
%
,
(
3-month
SOFR
+
1.662
%
),
10/21/30
.
............
United
States
1,700,000
1,703,617
abc
abc
abc
abc
abc
abc
d
New
Economy
Assets
Phase
1
Sponsor
LLC
,
2021-1
,
A1
,
144A,
1.91
%
,
10/20/61
.
..................................
United
States
19,400,000
17,587,419
abc
abc
abc
abc
abc
abc
d
,h
OCP
CLO
Ltd.
,
2014-6A
,
A1R2
,
144A,
FRN
,
6.436
%
,
(
3-month
SOFR
+
1.15
%
),
10/17/30
.
...........................
United
States
10,346,362
10,369,541
abc
abc
abc
abc
abc
abc
d
,h
Octagon
Investment
Partners
35
Ltd.
,
2018-1A
,
A1B
,
144A,
FRN
,
6.644
%
,
(
3-month
SOFR
+
1.362
%
),
1/20/31
.
.............
United
States
3,325,000
3,329,391
abc
abc
abc
abc
abc
abc
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
162
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
(continued)
Financial
Services
(continued)
d
,h
Octagon
Investment
Partners
36
Ltd.
,
2018-1A
,
A1
,
144A,
FRN
,
6.533
%
,
(
3-month
SOFR
+
1.232
%
),
4/15/31
.........................................
United
States
14,222,487
$
14,240,011
2018-1A
,
A2
,
144A,
FRN
,
6.763
%
,
(
3-month
SOFR
+
1.462
%
),
4/15/31
.........................................
United
States
8,500,000
8,517,787
abc
abc
abc
abc
abc
abc
d
,h
Pikes
Peak
CLO
6
,
2020-6A
,
AR2
,
144A,
FRN
,
6.757
%
,
(
3-month
SOFR
+
1.432
%
),
5/18/34
.
...........................
United
States
4,500,000
4,506,199
abc
abc
abc
abc
abc
abc
d
,l
Prosper
Pass-Thru
Trust
III
,
2020-PT1
,
A
,
144A,
FRN
,
6.479
%
,
3/15/26
...............
United
States
82,906
71,730
2020-PT2
,
A
,
144A,
FRN
,
6.772
%
,
4/15/26
...............
United
States
119,242
108,860
2020-PT3
,
A
,
144A,
FRN
,
7.183
%
,
5/15/26
...............
United
States
40,664
34,047
abc
abc
abc
abc
abc
abc
d
,l
Upgrade
Master
Pass-Thru
Trust
,
2019-PT1
,
A
,
144A,
FRN
,
8.399
%
,
6/15/25
...............
United
States
7,927
4,168
2019-PT2
,
A
,
144A,
FRN
,
19.25
%
,
2/15/26
...............
United
States
64,026
61,678
abc
abc
abc
abc
abc
abc
d
,h
Voya
CLO
Ltd.
,
2018-2A
,
A2
,
144A,
FRN
,
6.813
%
,
(
3-month
SOFR
+
1.512
%
),
7/15/31
.
...........................
United
States
1,500,000
1,501,125
218,514,766
a
a
a
a
a
a
Ground
Transportation
0.0%
†
abc
abc
abc
abc
abc
abc
Union
Pacific
Railroad
Co.
Pass-Through
Trust
,
2005-1
,
5.082
%
,
1/02/29
.
.........................................
United
States
16,167
16,256
Passenger
Airlines
0.0%
†
abc
abc
abc
abc
abc
abc
United
Airlines
Pass-Through
Trust
,
2020-1
,
B
,
4.875
%
,
7/15/27
.
United
States
678,000
669,418
Total
Asset-Backed
Securities
(Cost
$
222,460,086
)
............................
219,200,440
Commercial
Mortgage-Backed
Securities
1.9%
Financial
Services
1.9%
abc
abc
abc
abc
abc
abc
l
Benchmark
Mortgage
Trust
,
2023-V3
,
A3
,
FRN
,
6.363
%
,
7/15/56
United
States
1,200,000
1,253,725
abc
abc
abc
abc
abc
abc
d
,h
BX
Commercial
Mortgage
Trust
,
2021-VOLT
,
B
,
144A,
FRN
,
6.393
%
,
(
1-month
SOFR
+
1.064
%
),
9/15/36
.............
United
States
9,840,000
9,677,051
abc
abc
abc
abc
abc
abc
d
,h
BX
Mortgage
Trust
,
2021-PAC
,
B
,
144A,
FRN
,
6.342
%
,
(
1-month
SOFR
+
1.013
%
),
10/15/36
..........................
United
States
9,220,000
9,058,928
abc
abc
abc
abc
abc
abc
d
,h
BX
Trust
,
2022-IND
,
A
,
144A,
FRN
,
6.82
%
,
(
1-month
SOFR
+
1.491
%
),
4/15/37
..................................
United
States
11,365,259
11,344,552
abc
abc
abc
abc
abc
abc
CFCRE
Commercial
Mortgage
Trust
,
2016-C7
,
A3
,
3.839
%
,
12/10/54
........................................
United
States
3,055,000
2,938,889
abc
abc
abc
abc
abc
abc
Citigroup
Commercial
Mortgage
Trust
,
2016-P4
,
A2
,
2.45
%
,
7/10/49
.........................................
United
States
1,954,820
1,874,944
abc
abc
abc
abc
abc
abc
CSAIL
Commercial
Mortgage
Trust
,
2015-C3
,
A4
,
3.718
%
,
8/15/48
.........................................
United
States
2,400,000
2,352,767
abc
abc
abc
abc
abc
abc
d
,h
DBCG
Mortgage
Trust
,
2017-BBG
,
A
,
144A,
FRN
,
8.5
%
,
(
PRIME
+
0
%
),
6/15/34
....................................
United
States
9,589,618
9,589,191
abc
abc
abc
abc
abc
abc
d
,l
Eleven
Madison
Mortgage
Trust
,
2015-11MD
,
A
,
144A,
FRN
,
3.555
%
,
9/10/35
...................................
United
States
3,255,000
3,133,268
abc
abc
abc
abc
abc
abc
GS
Mortgage
Securities
Trust
,
2016-GS2
,
A4
,
3.05
%
,
5/10/49
..
United
States
1,352,000
1,302,238
abc
abc
abc
abc
abc
abc
JPMBB
Commercial
Mortgage
Securities
Trust
,
2016-C1
,
A5
,
3.576
%
,
3/17/49
...................................
United
States
4,544,765
4,415,726
abc
abc
abc
abc
abc
abc
Wells
Fargo
Commercial
Mortgage
Trust
,
2015-C31
,
A4
,
3.695
%
,
11/15/48
........................................
United
States
1,635,000
1,599,257
58,540,536
a
a
a
a
a
a
Total
Commercial
Mortgage-Backed
Securities
(Cost
$
59,008,492
)
..............
58,540,536
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
163
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Mortgage-Backed
Securities
33.4%
m
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Adjustable
Rate
0.0%
†
FHLMC
,
4.448
%,
(
COFI
11th
District
+/-
MBS
Margin),
11/01/27
United
States
260,872
$
255,053
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Fixed
Rate
13.5%
FHLMC
Gold
Pool,
30
Year
,
4.5
%,
3/01/39
................
United
States
462,107
458,964
FHLMC
Gold
Pool,
30
Year
,
5
%,
8/01/33
-
2/01/39
...........
United
States
2,955,040
2,997,997
FHLMC
Gold
Pool,
30
Year
,
5.5
%,
1/01/35
-
12/01/37
........
United
States
286,589
292,390
FHLMC
Gold
Pool,
30
Year
,
6
%,
5/01/33
-
4/01/38
...........
United
States
350,016
361,910
FHLMC
Gold
Pool,
30
Year
,
6.5
%,
8/01/25
-
3/01/39
.........
United
States
284,360
295,998
FHLMC
Gold
Pool,
30
Year
,
7
%,
1/01/28
-
7/01/32
...........
United
States
16,649
17,276
FHLMC
Gold
Pool,
30
Year
,
7.5
%,
3/01/32
................
United
States
6,255
6,576
FHLMC
Gold
Pool,
30
Year
,
8
%,
2/01/30
..................
United
States
4,003
4,119
FHLMC
Gold
Pool,
30
Year
,
8.5
%,
10/01/24
-
8/01/30
........
United
States
627
656
FHLMC
Pool,
15
Year
,
2
%,
4/01/37
-
8/01/37
...............
United
States
8,967,525
8,043,817
FHLMC
Pool,
15
Year
,
2.5
%,
4/01/37
-
5/01/37
.............
United
States
7,764,191
7,146,580
FHLMC
Pool,
15
Year
,
3
%,
4/01/37
-
9/01/37
...............
United
States
5,221,657
4,911,019
FHLMC
Pool,
30
Year
,
2
%,
3/01/51
......................
United
States
48,999,456
39,881,783
FHLMC
Pool,
30
Year
,
2
%,
3/01/52
......................
United
States
38,780,994
31,226,660
FHLMC
Pool,
30
Year
,
2
%,
4/01/52
......................
United
States
71,000,978
57,217,544
FHLMC
Pool,
30
Year
,
2
%,
1/01/52
-
3/01/52
...............
United
States
3,682,350
2,964,923
FHLMC
Pool,
30
Year
,
2.5
%,
10/01/51
....................
United
States
35,485,007
30,112,509
FHLMC
Pool,
30
Year
,
2.5
%,
5/01/52
.....................
United
States
27,338,086
22,980,526
FHLMC
Pool,
30
Year
,
2.5
%,
9/01/51
-
1/01/52
.............
United
States
2,646,067
2,219,659
FHLMC
Pool,
30
Year
,
3
%,
2/01/52
......................
United
States
62,174,332
54,528,825
FHLMC
Pool,
30
Year
,
3
%,
10/01/51
-
7/01/52
..............
United
States
966,215
843,704
FHLMC
Pool,
30
Year
,
3.5
%,
7/01/52
-
12/01/52
............
United
States
17,117,351
15,536,150
FHLMC
Pool,
30
Year
,
4
%,
8/01/52
......................
United
States
42,066,846
39,442,875
FHLMC
Pool,
30
Year
,
4
%,
11/01/53
.....................
United
States
3,499,653
3,280,998
FHLMC
Pool,
30
Year
,
4.5
%,
8/01/52
.....................
United
States
98,372,918
94,875,686
FHLMC
Pool,
30
Year
,
4.5
%,
5/01/54
-
8/01/54
.............
United
States
7,468,466
7,194,326
FHLMC
Pool,
30
Year
,
5
%,
7/01/54
......................
United
States
1,597,319
1,573,021
428,416,491
m
Federal
National
Mortgage
Association
(FNMA)
Adjustable
Rate
0.0%
†
FNMA
,
4.444
%
-
5.114
%,
(
COFI
11th
District
+/-
MBS
Margin),
12/01/27
-
9/01/34
.................................
United
States
723,792
697,692
FNMA
,
5.845
%
-
6.158
%,
(
1-year
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
2/01/34
-
3/01/37
........
United
States
267,945
270,539
FNMA
,
6.275
%,
(
6-month
Refinitiv
USD
IBOR
Consumer
Cash
Fallbacks
+/-
MBS
Margin),
10/01/32
...................
United
States
34,494
34,369
FNMA
,
6.279
%
-
6.35
%,
(
1-year
CMT
T-Note
+/-
MBS
Margin),
12/01/34
-
10/01/36
................................
United
States
49,899
50,980
1,053,580
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
18.3%
FNMA,
15
Year
,
2
%,
4/01/37
...........................
United
States
407,592
365,609
FNMA,
15
Year
,
3
%,
9/01/37
-
10/01/37
...................
United
States
4,575,163
4,302,952
FNMA,
30
Year
,
2
%,
2/01/52
...........................
United
States
2,925,717
2,356,083
FNMA,
30
Year
,
2.5
%,
12/01/51
-
4/01/52
.................
United
States
19,142,674
16,178,994
FNMA,
30
Year
,
3
%,
1/01/52
...........................
United
States
33,315,600
29,176,489
FNMA,
30
Year
,
3
%,
2/01/52
-
3/01/52
....................
United
States
6,023,936
5,259,970
FNMA,
30
Year
,
3.5
%,
12/01/52
.........................
United
States
33,083,971
30,057,484
FNMA,
30
Year
,
4
%,
1/01/54
-
4/01/54
....................
United
States
8,402,972
7,875,945
FNMA,
30
Year
,
5
%,
6/01/36
-
5/01/39
....................
United
States
544,890
551,791
FNMA,
30
Year
,
5.5
%,
6/01/33
-
8/01/37
..................
United
States
2,085,375
2,125,271
FNMA,
30
Year
,
6
%,
9/01/32
-
9/01/38
....................
United
States
2,283,203
2,359,196
FNMA,
30
Year
,
6.5
%,
8/01/28
-
5/01/37
..................
United
States
77,582
79,842
FNMA,
30
Year
,
7
%,
11/01/25
..........................
United
States
458
473
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
164
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Mortgage-Backed
Securities
(continued)
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
(continued)
FNMA,
30
Year
,
7.5
%,
1/01/30
.........................
United
States
2,951
$
3,047
FNMA,
30
Year
,
8.5
%,
4/01/30
-
5/01/32
..................
United
States
14,198
14,859
n
FNMA,
Single-family,
30
Year
,
2
%,
8/25/54
................
United
States
80,530,000
64,798,316
n
FNMA,
Single-family,
30
Year
,
2.5
%,
8/25/54
...............
United
States
87,290,000
73,208,817
n
FNMA,
Single-family,
30
Year
,
3.5
%,
8/25/54
...............
United
States
33,130,000
30,062,097
n
FNMA,
Single-family,
30
Year
,
4
%,
8/25/54
................
United
States
47,690,000
44,697,054
n
FNMA,
Single-family,
30
Year
,
5.5
%,
8/25/54
...............
United
States
168,062,000
168,345,610
n
FNMA,
Single-family,
30
Year
,
6
%,
8/25/54
................
United
States
94,730,000
96,088,124
577,908,023
m
Government
National
Mortgage
Association
(GNMA)
Adjustable
Rate
0.0%
†
GNMA
II
,
3.75
%
-
3.75
%,
(
1-year
CMT
T-Note
+/-
MBS
Margin),
10/20/26
-
10/20/26
................................
United
States
3,717
3,666
3,666
Government
National
Mortgage
Association
(GNMA)
Fixed
Rate
1.6%
GNMA
I,
30
Year
,
7
%,
10/15/27
-
6/15/31
..................
United
States
5,922
6,184
GNMA
I,
Single-family,
30
Year
,
6
%,
1/15/39
...............
United
States
47,075
48,920
GNMA
I,
Single-family,
30
Year
,
6.5
%,
10/15/31
-
7/15/38
......
United
States
8,064
8,377
GNMA
I,
Single-family,
30
Year
,
7
%,
4/15/28
...............
United
States
1,916
1,913
GNMA
I,
Single-family,
30
Year
,
7.5
%,
8/15/25
-
2/15/26
......
United
States
951
950
GNMA
II,
Single-family,
30
Year
,
2
%,
4/20/52
-
7/20/52
.......
United
States
20,377,801
16,909,858
GNMA
II,
Single-family,
30
Year
,
2.5
%,
6/20/52
-
7/20/52
......
United
States
17,451,286
15,038,591
GNMA
II,
Single-family,
30
Year
,
3
%,
10/20/49
..............
United
States
23,541
21,136
GNMA
II,
Single-family,
30
Year
,
6
%,
5/20/31
-
8/15/54
.......
United
States
10,900,980
11,030,475
GNMA
II,
Single-family,
30
Year
,
6.5
%,
3/20/28
-
5/20/54
......
United
States
6,286,270
6,412,238
GNMA
II,
Single-family,
30
Year
,
7.5
%,
8/20/30
-
1/20/33
......
United
States
16,479
16,859
49,495,501
Total
Mortgage-Backed
Securities
(Cost
$
1,059,364,682
)
.......................
1,057,132,314
Municipal
Bonds
1.9%
California
1.5%
California
Municipal
Finance
Authority
,
United
States
General
Services
Administration
,
Revenue
,
2020
,
2.519
%
,
10/01/35
..
United
States
9,540,000
7,130,824
Golden
State
Tobacco
Securitization
Corp.
,
Revenue
,
2021
B-1
,
Refunding
,
3.85
%
,
6/01/50
...........................
United
States
15,490,000
14,739,762
San
Bernardino
Community
College
District
,
GO
,
2021
,
Refunding
,
2.686
%
,
8/01/41
.................
United
States
20,405,000
15,311,331
GO
,
2021
,
Refunding
,
2.856
%
,
8/01/49
.................
United
States
11,880,000
8,146,251
45,328,168
Ohio
0.4%
Greenville
City
School
District
,
GO
,
2019
,
Refunding
,
3.541
%
,
1/01/51
.........................................
United
States
16,585,000
13,200,438
Texas
0.0%
†
City
of
Austin
,
Electric
Utility
,
Revenue
,
2019
C
,
Refunding
,
2.785
%
,
11/15/31
..................................
United
States
370,000
334,259
Total
Municipal
Bonds
(Cost
$
73,370,958
)
....................................
58,862,865
Residential
Mortgage-Backed
Securities
3.1%
Capital
Markets
0.0%
†
abc
abc
abc
abc
abc
abc
h
Merrill
Lynch
Mortgage
Investors
Trust
,
2003-A
,
1A
,
FRN
,
6.204
%
,
(
1-month
SOFR
+
0.854
%
),
3/25/28
.............
United
States
108,445
102,522
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
165
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Residential
Mortgage-Backed
Securities
(continued)
Financial
Services
3.1%
abc
abc
abc
abc
abc
abc
d
BRAVO
Residential
Funding
Trust
,
2019-1
,
A1C
,
144A,
3.5
%
,
3/25/58
.....................
United
States
536,231
$
531,026
l
2019-2
,
A3
,
144A,
FRN
,
3.5
%
,
10/25/44
.................
United
States
3,194,661
3,023,480
abc
abc
abc
abc
abc
abc
d
,l
CIM
Trust
,
2018-INV1
,
A4
,
144A,
FRN
,
4
%
,
8/25/48
................
United
States
1,005,850
932,977
2019-INV1
,
A1
,
144A,
FRN
,
4
%
,
2/25/49
................
United
States
570,383
540,438
2019-INV2
,
A3
,
144A,
FRN
,
4
%
,
5/25/49
................
United
States
1,646,075
1,532,735
abc
abc
abc
abc
abc
abc
d
,l
Citigroup
Mortgage
Loan
Trust
,
2013-A
,
A
,
144A,
FRN
,
3
%
,
5/25/42
.........................................
United
States
147,883
136,340
abc
abc
abc
abc
abc
abc
d
,l
COLT
Mortgage
Loan
Trust
,
2022-4
,
A1
,
144A,
FRN
,
4.301
%
,
3/25/67
.........................................
United
States
2,920,839
2,882,400
abc
abc
abc
abc
abc
abc
Credit
Suisse
First
Boston
Mortgage
Securities
Corp.
,
2004-6
,
3A1
,
5
%
,
1/25/38
..................................
Switzerland
73,941
43,314
abc
abc
abc
abc
abc
abc
h
FHLMC
STACR
Debt
Notes
,
2016-DNA2
,
M3
,
FRN
,
10.112
%
,
(
30-day
SOFR
Average
+
4.764
%
),
10/25/28
.................................
United
States
7,642,342
8,058,746
2016-HQA2
,
M3
,
FRN
,
10.612
%
,
(
30-day
SOFR
Average
+
5.264
%
),
11/25/28
.................................
United
States
7,862,426
8,279,083
abc
abc
abc
abc
abc
abc
d
,h
FHLMC
STACR
REMIC
Trust
,
2022-DNA3
,
M1A
,
144A,
FRN
,
7.347
%
,
(
30-day
SOFR
Average
+
2
%
),
4/25/42
...........
United
States
4,266,973
4,328,913
abc
abc
abc
abc
abc
abc
d
,l
J.P.
Morgan
Mortgage
Trust
,
2021-13
,
A4
,
144A,
FRN
,
2.5
%
,
4/25/52
.................
United
States
14,306,259
12,603,123
2021-14
,
A4
,
144A,
FRN
,
2.5
%
,
5/25/52
.................
United
States
11,447,172
10,066,441
2021-15
,
A4
,
144A,
FRN
,
2.5
%
,
6/25/52
.................
United
States
6,756,678
5,920,471
abc
abc
abc
abc
abc
abc
d
,l
Mill
City
Mortgage
Loan
Trust
,
2018-4
,
A1B
,
144A,
FRN
,
3.5
%
,
4/25/66
.........................................
United
States
4,519,357
4,385,528
abc
abc
abc
abc
abc
abc
d
,l
OBX
Trust
,
2021-J3
,
A4
,
144A,
FRN
,
2.5
%
,
10/25/51
.........
United
States
2,899,861
2,552,241
abc
abc
abc
abc
abc
abc
d
,l
Provident
Funding
Associates
LLP
,
2021-J1
,
A3
,
144A,
FRN
,
2.5
%
,
2/20/49
....................................
United
States
9,969,777
8,718,132
abc
abc
abc
abc
abc
abc
d
,l
Provident
Funding
Mortgage
Trust
,
2019-1
,
A2
,
144A,
FRN
,
3
%
,
12/25/49
........................................
United
States
1,598,200
1,368,647
abc
abc
abc
abc
abc
abc
d
,l
PSMC
Trust
,
2021-3
,
A3
,
144A,
FRN
,
2.5
%
,
8/25/51
.........
United
States
17,179,163
15,220,828
abc
abc
abc
abc
abc
abc
d
,l
Towd
Point
Mortgage
Trust
,
2017-1
,
A2
,
144A,
FRN
,
3.5
%
,
10/25/56
........................................
United
States
7,412,567
7,297,094
98,421,957
a
a
a
a
a
a
Total
Residential
Mortgage-Backed
Securities
(Cost
$
108,927,217
)
..............
98,524,479
Agency
Commercial
Mortgage-Backed
Securities
0.0%
†
Financial
Services
0.0%
†
abc
abc
abc
abc
abc
abc
h
FNMA
,
2005-122
,
FN
,
FRN
,
5.812
%
,
(
30-day
SOFR
Average
+
0.464
%
),
1/25/36
..................................
United
States
379,846
373,124
Total
Agency
Commercial
Mortgage-Backed
Securities
(Cost
$
352,307
)
.........
373,124
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
97,500
Total
Escrows
and
Litigation
Trusts
(Cost
$
2,814,454
)
.........................
97,500
Total
Long
Term
Investments
(Cost
$
3,705,200,825
)
...........................
3,562,118,923
a
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
166
a
a
Number
of
Contracts
Notional
Amount
#
a
Value
a
a
a
a
aa
a
a
Options
Purchased
0.0%
†
Puts
-
Over-the-Counter
Credit
Default
Swaptions
0.0%
†
Buy
protection
on
Markit
CDX
North
American
High
Yield
Index
Series
42-V1
,
Strike
Price
$
106.50
,
Counterparty
MSCO
,
Expires
9/18/24
...................................
1
32,000,000
$
235,699
Total
Options
Purchased
(Cost
$
732,160
)
....................................
235,699
Short
Term
Investments
2.1%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
2.1%
o,p
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
5.002
%
..
United
States
65,312,128
65,312,128
Total
Money
Market
Funds
(Cost
$
65,312,128
)
................................
65,312,128
Total
Short
Term
Investments
(Cost
$
65,312,128
)
..............................
65,312,128
a
Total
Investments
(Cost
$
3,771,245,113
)
114.7
%
...............................
$3,627,666,750
Options
Written
(0.0)%
†
(51,662)
Other
Assets,
less
Liabilities
(
14.7
)
%
........................................
(463,047,355)
Net
Assets
100.0%
.........................................................
$3,164,567,733
a
a
a
Number
of
Contracts
Notional
Amount
#
Options
Written
(0.0)%
†
Puts
-
Over-the-Counter
Credit
Default
Swaptions
(0.0)%
†
Sell
protection
on
Markit
CDX
North
American
High
Yield
Index
Series
42-V1
,
Strike
Price
$
103.50
,
Counterparty
MSCO
,
Expires
9/18/24
...................................
1
(32,000,000)
(
51,662
)
(
51,662
)
Total
Options
Written
(Premiums
received
$
348,800
)
..........................
$
(
51,662
)
#
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
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
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,
2024,
the
aggregate
value
of
these
securities
was
$661,970,638,
representing
20.9%
of
net
assets.
e
The
coupon
rate
shown
represents
the
rate
at
period
end.
f
Income
may
be
received
in
additional
securities
and/or
cash.
g
Defaulted
security
or
security
for
which
income
has
been
deemed
uncollectible.
h
The
coupon
rate
shown
represents
the
rate
inclusive
of
any
caps
or
floors,
if
applicable,
in
effect
at
period
end.
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,
redemption
price
at
maturity,
and/or
coupon
payments
are
adjusted
for
inflation.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
167
l
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.
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
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
p
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2024
Franklin
Total
Return
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
168
At
July
31,
2024,
the
Fund
had
the
following
marketplace
loans
outstanding.
Description
Principal
Amount
Value
Marketplace
Loans
-
1.2%
Block,
Inc.
6453792.SQ.FTS.B
,
Zero
Cpn
,
9/01/24
...
$
10,859
$
6,572
6457332.SQ.FTS.B
,
Zero
Cpn
,
9/02/24
...
9,464
6,772
6457685.SQ.FTS.B
,
Zero
Cpn
,
9/02/24
...
5,945
2,620
6458130.SQ.FTS.B
,
Zero
Cpn
,
9/02/24
...
1,880
1,442
6458789.SQ.FTS.B
,
Zero
Cpn
,
9/02/24
...
955
561
6462555.SQ.FTS.B
,
Zero
Cpn
,
9/03/24
...
1,661
1,162
6462890.SQ.FTS.B
,
Zero
Cpn
,
9/03/24
...
703
657
6464461.SQ.FTS.B
,
Zero
Cpn
,
9/04/24
...
634
37
6464819.SQ.FTS.B
,
Zero
Cpn
,
9/05/24
...
4,031
131
6464900.SQ.FTS.B
,
Zero
Cpn
,
9/05/24
...
4,011
119
6465644.SQ.FTS.B
,
Zero
Cpn
,
9/06/24
...
339
199
6468011.SQ.FTS.B
,
Zero
Cpn
,
9/06/24
...
2,262
34
6469480.SQ.FTS.B
,
Zero
Cpn
,
9/07/24
...
20,372
1,991
6472736.SQ.FTS.B
,
Zero
Cpn
,
9/08/24
...
1,704
1,367
6473054.SQ.FTS.B
,
Zero
Cpn
,
9/08/24
...
1,414
1,222
6474092.SQ.FTS.B
,
Zero
Cpn
,
9/08/24
...
3,957
3,162
6484176.SQ.FTS.B
,
Zero
Cpn
,
9/10/24
...
1,053
780
6484685.SQ.FTS.B
,
Zero
Cpn
,
9/10/24
...
4,689
4,478
6490386.SQ.FTS.B
,
Zero
Cpn
,
9/14/24
...
1,645
1,012
6501410.SQ.FTS.B
,
Zero
Cpn
,
9/16/24
...
2,005
80
6501697.SQ.FTS.B
,
Zero
Cpn
,
9/16/24
...
1,493
1,046
6502565.SQ.FTS.B
,
Zero
Cpn
,
9/16/24
...
336
104
6502765.SQ.FTS.B
,
Zero
Cpn
,
9/17/24
...
2,787
2,216
6502972.SQ.FTS.B
,
Zero
Cpn
,
9/17/24
...
139
124
6503327.SQ.FTS.B
,
Zero
Cpn
,
9/17/24
...
5,315
175
6504374.SQ.FTS.B
,
Zero
Cpn
,
9/17/24
...
6,570
2,625
6506259.SQ.FTS.B
,
Zero
Cpn
,
9/18/24
...
7,627
314
6506724.SQ.FTS.B
,
Zero
Cpn
,
9/19/24
...
372
289
6509194.SQ.FTS.B
,
Zero
Cpn
,
9/20/24
...
9,768
3,711
6516418.SQ.FTS.B
,
Zero
Cpn
,
9/22/24
...
1,239
841
6516876.SQ.FTS.B
,
Zero
Cpn
,
9/22/24
...
3,687
185
6516970.SQ.FTS.B
,
Zero
Cpn
,
9/22/24
...
2,520
1,876
6524458.SQ.FTS.B
,
Zero
Cpn
,
9/24/24
...
1,541
25
6524668.SQ.FTS.B
,
Zero
Cpn
,
9/24/24
...
2,022
1,520
6526166.SQ.FTS.B
,
Zero
Cpn
,
9/25/24
...
1,121
777
6526193.SQ.FTS.B
,
Zero
Cpn
,
9/25/24
...
1,054
379
6527382.SQ.FTS.B
,
Zero
Cpn
,
9/27/24
...
8,447
414
6531187.SQ.FTS.B
,
Zero
Cpn
,
9/28/24
...
169
162
6532408.SQ.FTS.B
,
Zero
Cpn
,
9/28/24
...
3,788
159
6533239.SQ.FTS.B
,
Zero
Cpn
,
9/28/24
...
3,518
2,337
6535057.SQ.FTS.B
,
Zero
Cpn
,
9/29/24
...
675
544
6536403.SQ.FTS.B
,
Zero
Cpn
,
9/29/24
...
376
287
6537870.SQ.FTS.B
,
Zero
Cpn
,
9/29/24
...
1,421
998
6538002.SQ.FTS.B
,
Zero
Cpn
,
9/29/24
...
1,103
30
6541945.SQ.FTS.B
,
Zero
Cpn
,
9/30/24
...
6,200
210
6543168.SQ.FTS.B
,
Zero
Cpn
,
9/30/24
...
2,466
897
6543316.SQ.FTS.B
,
Zero
Cpn
,
9/30/24
...
3,927
73
6548015.SQ.FTS.B
,
Zero
Cpn
,
10/02/24
..
2,395
51
6548822.SQ.FTS.B
,
Zero
Cpn
,
10/03/24
..
1,334
28
6552657.SQ.FTS.B
,
Zero
Cpn
,
10/04/24
..
2,239
418
6554014.SQ.FTS.B
,
Zero
Cpn
,
10/04/24
..
910
311
6555576.SQ.FTS.B
,
Zero
Cpn
,
10/05/24
..
177
143
6559553.SQ.FTS.B
,
Zero
Cpn
,
10/06/24
..
591
357
6560175.SQ.FTS.B
,
Zero
Cpn
,
10/06/24
..
1,286
957
6560340.SQ.FTS.B
,
Zero
Cpn
,
10/06/24
..
995
983
6561895.SQ.FTS.B
,
Zero
Cpn
,
10/06/24
..
6,848
4,629
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6562473.SQ.FTS.B
,
Zero
Cpn
,
10/06/24
..
$
15,241
$
428
6567003.SQ.FTS.B
,
Zero
Cpn
,
10/09/24
..
707
576
6567346.SQ.FTS.B
,
Zero
Cpn
,
10/09/24
..
936
769
6567395.SQ.FTS.B
,
Zero
Cpn
,
10/09/24
..
165
118
6567760.SQ.FTS.B
,
Zero
Cpn
,
10/10/24
..
980
71
6568147.SQ.FTS.B
,
Zero
Cpn
,
10/10/24
..
712
690
6568392.SQ.FTS.B
,
Zero
Cpn
,
10/10/24
..
326
300
6569506.SQ.FTS.B
,
Zero
Cpn
,
10/10/24
..
1,636
163
6569526.SQ.FTS.B
,
Zero
Cpn
,
10/10/24
..
4,196
3,869
6570382.SQ.FTS.B
,
Zero
Cpn
,
10/10/24
..
8,264
88
6571312.SQ.FTS.B
,
Zero
Cpn
,
10/11/24
..
1,698
947
6572299.SQ.FTS.B
,
Zero
Cpn
,
10/11/24
..
698
290
6577330.SQ.FTS.B
,
Zero
Cpn
,
10/12/24
..
2,374
1,366
6579843.SQ.FTS.B
,
Zero
Cpn
,
10/13/24
..
298
283
6580088.SQ.FTS.B
,
Zero
Cpn
,
10/13/24
..
430
230
6581619.SQ.FTS.B
,
Zero
Cpn
,
10/13/24
..
5,767
3,990
6584579.SQ.FTS.B
,
Zero
Cpn
,
10/14/24
..
468
257
6586446.SQ.FTS.B
,
Zero
Cpn
,
10/14/24
..
3,157
1,599
6587229.SQ.FTS.B
,
Zero
Cpn
,
10/15/24
..
4,486
3,837
6589068.SQ.FTS.B
,
Zero
Cpn
,
10/17/24
..
6,446
300
6590448.SQ.FTS.B
,
Zero
Cpn
,
10/17/24
..
2,074
1,084
6590809.SQ.FTS.B
,
Zero
Cpn
,
10/17/24
..
5,484
4,214
6591260.SQ.FTS.B
,
Zero
Cpn
,
10/17/24
..
2,973
73
6593217.SQ.FTS.B
,
Zero
Cpn
,
10/18/24
..
5,560
47
6593461.SQ.FTS.B
,
Zero
Cpn
,
10/18/24
..
70
50
6593772.SQ.FTS.B
,
Zero
Cpn
,
10/18/24
..
7,748
78
6594679.SQ.FTS.B
,
Zero
Cpn
,
10/19/24
..
13,537
8,401
6596418.SQ.FTS.B
,
Zero
Cpn
,
10/19/24
..
647
444
6596636.SQ.FTS.B
,
Zero
Cpn
,
10/19/24
..
680
432
6596810.SQ.FTS.B
,
Zero
Cpn
,
10/19/24
..
2,303
1,550
6601765.SQ.FTS.B
,
Zero
Cpn
,
10/21/24
..
2,098
44
6604465.SQ.FTS.B
,
Zero
Cpn
,
10/22/24
..
633
506
6607285.SQ.FTS.B
,
Zero
Cpn
,
10/24/24
..
15,958
10,183
6608757.SQ.FTS.B
,
Zero
Cpn
,
10/25/24
..
98
87
6609951.SQ.FTS.B
,
Zero
Cpn
,
10/25/24
..
1,448
863
6610631.SQ.FTS.B
,
Zero
Cpn
,
10/25/24
..
5,370
3,064
6611256.SQ.FTS.B
,
Zero
Cpn
,
10/25/24
..
166
143
6612273.SQ.FTS.B
,
Zero
Cpn
,
10/26/24
..
700
316
6617231.SQ.FTS.B
,
Zero
Cpn
,
10/27/24
..
740
287
6618546.SQ.FTS.B
,
Zero
Cpn
,
10/27/24
..
454
306
6618920.SQ.FTS.B
,
Zero
Cpn
,
10/27/24
..
1,459
1,056
6620032.SQ.FTS.B
,
Zero
Cpn
,
10/27/24
..
1,197
873
6622368.SQ.FTS.B
,
Zero
Cpn
,
10/28/24
..
2,757
255
6624836.SQ.FTS.B
,
Zero
Cpn
,
10/29/24
..
266
135
6624976.SQ.FTS.B
,
Zero
Cpn
,
10/30/24
..
2,439
1,727
6627159.SQ.FTS.B
,
Zero
Cpn
,
11/01/24
..
822
316
6627196.SQ.FTS.B
,
Zero
Cpn
,
11/01/24
..
191
56
6627396.SQ.FTS.B
,
Zero
Cpn
,
11/01/24
..
8,593
150
6627640.SQ.FTS.B
,
Zero
Cpn
,
11/01/24
..
2,771
2,231
6631659.SQ.FTS.B
,
Zero
Cpn
,
11/02/24
..
5,893
121
6633298.SQ.FTS.B
,
Zero
Cpn
,
11/03/24
..
268
211
6633896.SQ.FTS.B
,
Zero
Cpn
,
11/03/24
..
5,781
3,934
6635230.SQ.FTS.B
,
Zero
Cpn
,
11/03/24
..
61,854
788
6641603.SQ.FTS.B
,
Zero
Cpn
,
11/05/24
..
1,337
23
6643735.SQ.FTS.B
,
Zero
Cpn
,
11/05/24
..
732
702
6644797.SQ.FTS.B
,
Zero
Cpn
,
11/06/24
..
3,014
2,109
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)
6645156.SQ.FTS.B
,
Zero
Cpn
,
11/06/24
..
$
6,056
$
5,452
6645579.SQ.FTS.B
,
Zero
Cpn
,
11/07/24
..
5,016
3,669
6646196.SQ.FTS.B
,
Zero
Cpn
,
11/08/24
..
345
47
6648200.SQ.FTS.B
,
Zero
Cpn
,
11/08/24
..
3,585
87
6651239.SQ.FTS.B
,
Zero
Cpn
,
11/09/24
..
2,975
2,538
6651430.SQ.FTS.B
,
Zero
Cpn
,
11/09/24
..
8,907
8,086
6654689.SQ.FTS.B
,
Zero
Cpn
,
11/10/24
..
1,619
1,402
6655118.SQ.FTS.B
,
Zero
Cpn
,
11/10/24
..
1,933
1,853
6655481.SQ.FTS.B
,
Zero
Cpn
,
11/10/24
..
1,090
781
6658300.SQ.FTS.B
,
Zero
Cpn
,
11/11/24
..
1,518
1,456
6665406.SQ.FTS.B
,
Zero
Cpn
,
11/13/24
..
371
285
6666031.SQ.FTS.B
,
Zero
Cpn
,
11/14/24
..
2,535
619
6666475.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
1,969
1,237
6666594.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
546
458
6667033.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
3,156
1,203
6667225.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
332
226
6667810.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
2,693
66
6668228.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
1,149
557
6669028.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
1,269
298
6669109.SQ.FTS.B
,
Zero
Cpn
,
11/15/24
..
394
91
6674370.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
12,265
824
6674734.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
3,232
2,972
6675685.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
1,413
1,188
6676291.SQ.FTS.B
,
Zero
Cpn
,
11/17/24
..
1,145
984
6678246.SQ.FTS.B
,
Zero
Cpn
,
11/18/24
..
364
285
6679967.SQ.FTS.B
,
Zero
Cpn
,
11/18/24
..
56,591
14,865
6685010.SQ.FTS.B
,
Zero
Cpn
,
11/20/24
..
1,186
1,086
6685190.SQ.FTS.B
,
Zero
Cpn
,
11/20/24
..
8,219
226
6685433.SQ.FTS.B
,
Zero
Cpn
,
11/20/24
..
1,715
1,501
6685864.SQ.FTS.B
,
Zero
Cpn
,
11/21/24
..
219
32
6686438.SQ.FTS.B
,
Zero
Cpn
,
11/22/24
..
1,802
1,476
6689080.SQ.FTS.B
,
Zero
Cpn
,
11/22/24
..
3,318
1,157
6692358.SQ.FTS.B
,
Zero
Cpn
,
11/23/24
..
2,370
1,493
6692474.SQ.FTS.B
,
Zero
Cpn
,
11/23/24
..
7,433
152
6692888.SQ.FTS.B
,
Zero
Cpn
,
11/23/24
..
774
749
6693424.SQ.FTS.B
,
Zero
Cpn
,
11/24/24
..
31,447
23,834
6696092.SQ.FTS.B
,
Zero
Cpn
,
11/24/24
..
1,280
50
6702439.SQ.FTS.B
,
Zero
Cpn
,
11/25/24
..
1,636
1,053
6705796.SQ.FTS.B
,
Zero
Cpn
,
11/26/24
..
7,590
2,225
6707586.SQ.FTS.B
,
Zero
Cpn
,
11/27/24
..
1,200
1,139
6707813.SQ.FTS.B
,
Zero
Cpn
,
11/27/24
..
271
226
6709168.SQ.FTS.B
,
Zero
Cpn
,
11/29/24
..
33,347
524
6719237.SQ.FTS.B
,
Zero
Cpn
,
12/01/24
..
4,055
87
6719567.SQ.FTS.B
,
Zero
Cpn
,
12/01/24
..
15,006
14,577
6725887.SQ.FTS.B
,
Zero
Cpn
,
12/03/24
..
167
143
6726121.SQ.FTS.B
,
Zero
Cpn
,
12/03/24
..
620
13
6733364.SQ.FTS.B
,
Zero
Cpn
,
12/06/24
..
4,825
778
6733499.SQ.FTS.B
,
Zero
Cpn
,
12/06/24
..
4,306
2,915
6735811.SQ.FTS.B
,
Zero
Cpn
,
12/07/24
..
2,775
1,748
6739997.SQ.FTS.B
,
Zero
Cpn
,
12/08/24
..
1,152
843
6744525.SQ.FTS.B
,
Zero
Cpn
,
12/09/24
..
48,006
954
6746302.SQ.FTS.B
,
Zero
Cpn
,
12/09/24
..
3,538
2,680
6746943.SQ.FTS.B
,
Zero
Cpn
,
12/10/24
..
669
10
6747235.SQ.FTS.B
,
Zero
Cpn
,
12/10/24
..
3,203
35
6748637.SQ.FTS.B
,
Zero
Cpn
,
12/12/24
..
482
406
6749144.SQ.FTS.B
,
Zero
Cpn
,
12/12/24
..
1,299
1,268
6749349.SQ.FTS.B
,
Zero
Cpn
,
12/12/24
..
835
15
6750398.SQ.FTS.B
,
Zero
Cpn
,
12/12/24
..
230
91
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6750769.SQ.FTS.B
,
Zero
Cpn
,
12/12/24
..
$
657
$
653
6753977.SQ.FTS.B
,
Zero
Cpn
,
12/13/24
..
4,469
1,845
6754071.SQ.FTS.B
,
Zero
Cpn
,
12/13/24
..
932
866
6754538.SQ.FTS.B
,
Zero
Cpn
,
12/13/24
..
989
848
6756576.SQ.FTS.B
,
Zero
Cpn
,
12/14/24
..
1,136
500
6756917.SQ.FTS.B
,
Zero
Cpn
,
12/14/24
..
5,806
3,955
6757700.SQ.FTS.B
,
Zero
Cpn
,
12/14/24
..
384
360
6763456.SQ.FTS.B
,
Zero
Cpn
,
12/15/24
..
6,715
2,567
6763757.SQ.FTS.B
,
Zero
Cpn
,
12/15/24
..
1,668
1,248
6765702.SQ.FTS.B
,
Zero
Cpn
,
12/16/24
..
3,676
3,507
6768886.SQ.FTS.B
,
Zero
Cpn
,
12/16/24
..
241
223
6770205.SQ.FTS.B
,
Zero
Cpn
,
12/18/24
..
797
573
6771044.SQ.FTS.B
,
Zero
Cpn
,
12/19/24
..
1,963
1,637
6771935.SQ.FTS.B
,
Zero
Cpn
,
12/20/24
..
6,622
1,220
6772647.SQ.FTS.B
,
Zero
Cpn
,
12/20/24
..
350
321
6774158.SQ.FTS.B
,
Zero
Cpn
,
12/20/24
..
18,665
12,156
6774564.SQ.FTS.B
,
Zero
Cpn
,
12/20/24
..
13,554
12,523
6776044.SQ.FTS.B
,
Zero
Cpn
,
12/21/24
..
171
159
6776773.SQ.FTS.B
,
Zero
Cpn
,
12/21/24
..
57,840
635
6779449.SQ.FTS.B
,
Zero
Cpn
,
12/22/24
..
6,582
6,176
6782781.SQ.FTS.B
,
Zero
Cpn
,
12/22/24
..
59
53
6783818.SQ.FTS.B
,
Zero
Cpn
,
12/23/24
..
1,247
1,173
6784212.SQ.FTS.B
,
Zero
Cpn
,
12/23/24
..
509
478
6784413.SQ.FTS.B
,
Zero
Cpn
,
12/23/24
..
1,449
817
6784616.SQ.FTS.B
,
Zero
Cpn
,
12/23/24
..
13,566
165
6785344.SQ.FTS.B
,
Zero
Cpn
,
12/23/24
..
559
492
6786396.SQ.FTS.B
,
Zero
Cpn
,
12/24/24
..
6,516
1,150
6788880.SQ.FTS.B
,
Zero
Cpn
,
12/26/24
..
460
116
6788927.SQ.FTS.B
,
Zero
Cpn
,
12/26/24
..
492
492
6790513.SQ.FTS.B
,
Zero
Cpn
,
12/26/24
..
2,508
43
6791327.SQ.FTS.B
,
Zero
Cpn
,
12/27/24
..
808
498
6791649.SQ.FTS.B
,
Zero
Cpn
,
12/27/24
..
2,166
1,933
6792564.SQ.FTS.B
,
Zero
Cpn
,
12/27/24
..
7,526
6,346
6796611.SQ.FTS.B
,
Zero
Cpn
,
12/28/24
..
3,236
2,554
6796705.SQ.FTS.B
,
Zero
Cpn
,
12/28/24
..
722
530
6796729.SQ.FTS.B
,
Zero
Cpn
,
12/28/24
..
391
387
6800307.SQ.FTS.B
,
Zero
Cpn
,
12/29/24
..
1,190
818
6800352.SQ.FTS.B
,
Zero
Cpn
,
12/29/24
..
2,186
1,345
6801281.SQ.FTS.B
,
Zero
Cpn
,
12/29/24
..
630
165
6802903.SQ.FTS.B
,
Zero
Cpn
,
12/29/24
..
2,081
2,021
6807324.SQ.FTS.B
,
Zero
Cpn
,
12/30/24
..
118
113
6807789.SQ.FTS.B
,
Zero
Cpn
,
12/30/24
..
2,456
27
6808725.SQ.FTS.B
,
Zero
Cpn
,
1/01/25
...
1,282
1,238
6809289.SQ.FTS.B
,
Zero
Cpn
,
1/02/25
...
12,073
4,838
6811299.SQ.FTS.B
,
Zero
Cpn
,
1/03/25
...
739
501
6811597.SQ.FTS.B
,
Zero
Cpn
,
1/03/25
...
986
465
6811743.SQ.FTS.B
,
Zero
Cpn
,
1/03/25
...
2,013
34
6811790.SQ.FTS.B
,
Zero
Cpn
,
1/03/25
...
923
802
6812155.SQ.FTS.B
,
Zero
Cpn
,
1/03/25
...
2,586
35
6814032.SQ.FTS.B
,
Zero
Cpn
,
1/05/25
...
673
171
6818923.SQ.FTS.B
,
Zero
Cpn
,
1/06/25
...
706
662
6821755.SQ.FTS.B
,
Zero
Cpn
,
1/06/25
...
70
56
6822498.SQ.FTS.B
,
Zero
Cpn
,
1/07/25
...
1,020
19
6823837.SQ.FTS.B
,
Zero
Cpn
,
1/07/25
...
8,236
221
6824604.SQ.FTS.B
,
Zero
Cpn
,
1/07/25
...
680
490
6826997.SQ.FTS.B
,
Zero
Cpn
,
1/09/25
...
435
429
6829019.SQ.FTS.B
,
Zero
Cpn
,
1/10/25
...
3,728
2,396
6829166.SQ.FTS.B
,
Zero
Cpn
,
1/10/25
...
282
243
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)
6830306.SQ.FTS.B
,
Zero
Cpn
,
1/10/25
...
$
1,697
$
1,588
6830462.SQ.FTS.B
,
Zero
Cpn
,
1/10/25
...
832
15
6831530.SQ.FTS.B
,
Zero
Cpn
,
1/11/25
...
4,078
3,483
6832199.SQ.FTS.B
,
Zero
Cpn
,
1/11/25
...
3,383
2,057
6833213.SQ.FTS.B
,
Zero
Cpn
,
1/11/25
...
717
614
6833270.SQ.FTS.B
,
Zero
Cpn
,
1/11/25
...
1,198
1,137
6833495.SQ.FTS.B
,
Zero
Cpn
,
1/11/25
...
379
181
6836010.SQ.FTS.B
,
Zero
Cpn
,
1/12/25
...
3,628
3,154
6836420.SQ.FTS.B
,
Zero
Cpn
,
1/12/25
...
31,893
27,354
6838979.SQ.FTS.B
,
Zero
Cpn
,
1/13/25
...
390
388
6839507.SQ.FTS.B
,
Zero
Cpn
,
1/13/25
...
555
346
6840245.SQ.FTS.B
,
Zero
Cpn
,
1/13/25
...
6,272
4,450
6841366.SQ.FTS.B
,
Zero
Cpn
,
1/13/25
...
1,678
1,647
6841524.SQ.FTS.B
,
Zero
Cpn
,
1/13/25
...
439
69
6842447.SQ.FTS.B
,
Zero
Cpn
,
1/14/25
...
4,128
3,652
6843676.SQ.FTS.B
,
Zero
Cpn
,
1/14/25
...
1,977
1,943
6845307.SQ.FTS.B
,
Zero
Cpn
,
1/15/25
...
1,007
753
6845418.SQ.FTS.B
,
Zero
Cpn
,
1/15/25
...
1,670
1,053
6845464.SQ.FTS.B
,
Zero
Cpn
,
1/15/25
...
903
837
6845530.SQ.FTS.B
,
Zero
Cpn
,
1/15/25
...
451
441
6846112.SQ.FTS.B
,
Zero
Cpn
,
1/15/25
...
1,127
1,010
6846703.SQ.FTS.B
,
Zero
Cpn
,
1/16/25
...
525
404
6848392.SQ.FTS.B
,
Zero
Cpn
,
1/17/25
...
1,536
1,340
6848514.SQ.FTS.B
,
Zero
Cpn
,
1/17/25
...
311
296
6849620.SQ.FTS.B
,
Zero
Cpn
,
1/17/25
...
1,109
925
6850168.SQ.FTS.B
,
Zero
Cpn
,
1/17/25
...
2,032
1,987
6853608.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
877
870
6853937.SQ.FTS.B
,
Zero
Cpn
,
1/19/25
...
7,259
6,177
6858335.SQ.FTS.B
,
Zero
Cpn
,
1/20/25
...
1,442
923
6860790.SQ.FTS.B
,
Zero
Cpn
,
1/20/25
...
4,246
976
6861047.SQ.FTS.B
,
Zero
Cpn
,
1/20/25
...
1,821
1,629
6861105.SQ.FTS.B
,
Zero
Cpn
,
1/20/25
...
663
639
6861352.SQ.FTS.B
,
Zero
Cpn
,
1/20/25
...
47
46
6861516.SQ.FTS.B
,
Zero
Cpn
,
1/20/25
...
2,500
127
6862190.SQ.FTS.B
,
Zero
Cpn
,
1/21/25
...
451
354
6863964.SQ.FTS.B
,
Zero
Cpn
,
1/21/25
...
1,197
765
6864423.SQ.FTS.B
,
Zero
Cpn
,
1/21/25
...
9,390
2,480
6864699.SQ.FTS.B
,
Zero
Cpn
,
1/22/25
...
473
286
6865115.SQ.FTS.B
,
Zero
Cpn
,
1/22/25
...
368
277
6865136.SQ.FTS.B
,
Zero
Cpn
,
1/22/25
...
2,343
2,327
6865584.SQ.FTS.B
,
Zero
Cpn
,
1/23/25
...
15,509
2,257
6867082.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
9,007
8,668
6867693.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
7,462
170
6869170.SQ.FTS.B
,
Zero
Cpn
,
1/24/25
...
1,418
918
6869515.SQ.FTS.B
,
Zero
Cpn
,
1/25/25
...
7,609
132
6873475.SQ.FTS.B
,
Zero
Cpn
,
1/26/25
...
680
651
6873613.SQ.FTS.B
,
Zero
Cpn
,
1/26/25
...
5,614
1,710
6875301.SQ.FTS.B
,
Zero
Cpn
,
1/26/25
...
3,539
2,676
6875513.SQ.FTS.B
,
Zero
Cpn
,
1/26/25
...
16,647
14,394
6878142.SQ.FTS.B
,
Zero
Cpn
,
1/27/25
...
1,481
386
6878251.SQ.FTS.B
,
Zero
Cpn
,
1/27/25
...
17,123
13,419
6880857.SQ.FTS.B
,
Zero
Cpn
,
1/28/25
...
5,126
5,012
6884628.SQ.FTS.B
,
Zero
Cpn
,
1/29/25
...
1,732
1,298
6884701.SQ.FTS.B
,
Zero
Cpn
,
1/29/25
...
810
215
6884983.SQ.FTS.B
,
Zero
Cpn
,
1/30/25
...
1,464
1,347
6885060.SQ.FTS.B
,
Zero
Cpn
,
1/30/25
...
6,751
5,924
6885320.SQ.FTS.B
,
Zero
Cpn
,
1/30/25
...
1,235
1,208
6888845.SQ.FTS.B
,
Zero
Cpn
,
1/31/25
...
2,301
592
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6888950.SQ.FTS.B
,
Zero
Cpn
,
1/31/25
...
$
719
$
577
6888984.SQ.FTS.B
,
Zero
Cpn
,
1/31/25
...
9,218
168
6891737.SQ.FTS.B
,
Zero
Cpn
,
2/01/25
...
2,525
780
6893962.SQ.FTS.B
,
Zero
Cpn
,
2/02/25
...
6,034
4,635
6894415.SQ.FTS.B
,
Zero
Cpn
,
2/02/25
...
5,725
3,043
6894824.SQ.FTS.B
,
Zero
Cpn
,
2/02/25
...
285
177
6897627.SQ.FTS.B
,
Zero
Cpn
,
2/03/25
...
8,454
8,306
6898798.SQ.FTS.B
,
Zero
Cpn
,
2/03/25
...
167
152
6898880.SQ.FTS.B
,
Zero
Cpn
,
2/03/25
...
268
263
6899064.SQ.FTS.B
,
Zero
Cpn
,
2/03/25
...
435
426
6902363.SQ.FTS.B
,
Zero
Cpn
,
2/04/25
...
152
151
6903970.SQ.FTS.B
,
Zero
Cpn
,
2/04/25
...
2,610
272
6904150.SQ.FTS.B
,
Zero
Cpn
,
2/04/25
...
42,646
14,452
6904370.SQ.FTS.B
,
Zero
Cpn
,
2/05/25
...
3,220
1,636
6904916.SQ.FTS.B
,
Zero
Cpn
,
2/05/25
...
105
92
6906570.SQ.FTS.B
,
Zero
Cpn
,
2/07/25
...
662
510
6906728.SQ.FTS.B
,
Zero
Cpn
,
2/07/25
...
988
556
6906812.SQ.FTS.B
,
Zero
Cpn
,
2/07/25
...
6,096
3,910
6909059.SQ.FTS.B
,
Zero
Cpn
,
2/08/25
...
3,599
669
6910152.SQ.FTS.B
,
Zero
Cpn
,
2/08/25
...
1,897
1,822
6910971.SQ.FTS.B
,
Zero
Cpn
,
2/08/25
...
21,142
2,535
6911989.SQ.FTS.B
,
Zero
Cpn
,
2/08/25
...
2,154
2,118
6912323.SQ.FTS.B
,
Zero
Cpn
,
2/09/25
...
23,463
21,155
6916077.SQ.FTS.B
,
Zero
Cpn
,
2/10/25
...
567
544
6917410.SQ.FTS.B
,
Zero
Cpn
,
2/10/25
...
15,570
14,358
6918720.SQ.FTS.B
,
Zero
Cpn
,
2/10/25
...
592
579
6919310.SQ.FTS.B
,
Zero
Cpn
,
2/11/25
...
3,762
3,640
6919965.SQ.FTS.B
,
Zero
Cpn
,
2/11/25
...
17,759
13,800
6920907.SQ.FTS.B
,
Zero
Cpn
,
2/12/25
...
646
621
6922517.SQ.FTS.B
,
Zero
Cpn
,
2/14/25
...
6,583
4,168
6922960.SQ.FTS.B
,
Zero
Cpn
,
2/14/25
...
1,111
1,101
6923831.SQ.FTS.B
,
Zero
Cpn
,
2/15/25
...
1,021
175
6923899.SQ.FTS.B
,
Zero
Cpn
,
2/15/25
...
24,560
18,073
6928566.SQ.FTS.B
,
Zero
Cpn
,
2/16/25
...
4,622
4,214
6933459.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
2,173
34
6933558.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
3,195
68
6934151.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
3,851
3,143
6934660.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
1,111
1,106
6935864.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
12,705
8,917
6936331.SQ.FTS.B
,
Zero
Cpn
,
2/17/25
...
7,055
6,056
6937013.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
14,625
8,874
6937199.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
4,512
2,277
6937431.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
3,089
2,544
6937698.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
1,399
1,029
6937751.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
281
274
6938956.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
2,011
1,899
6939128.SQ.FTS.B
,
Zero
Cpn
,
2/18/25
...
11,792
10,883
6941601.SQ.FTS.B
,
Zero
Cpn
,
2/19/25
...
939
712
6943747.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
15,422
2,486
6944112.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
7,643
452
6944346.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
1,105
154
6945544.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
1,903
1,385
6945708.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
1,239
1,132
6945775.SQ.FTS.B
,
Zero
Cpn
,
2/21/25
...
753
746
6946824.SQ.FTS.B
,
Zero
Cpn
,
2/22/25
...
428
393
6947294.SQ.FTS.B
,
Zero
Cpn
,
2/22/25
...
565
421
6947569.SQ.FTS.B
,
Zero
Cpn
,
2/22/25
...
5,038
4,398
6948228.SQ.FTS.B
,
Zero
Cpn
,
2/22/25
...
720
692
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)
6948274.SQ.FTS.B
,
Zero
Cpn
,
2/22/25
...
$
2,082
$
1,570
6949409.SQ.FTS.B
,
Zero
Cpn
,
2/22/25
...
636
171
6950014.SQ.FTS.B
,
Zero
Cpn
,
2/23/25
...
3,595
3,480
6951159.SQ.FTS.B
,
Zero
Cpn
,
2/23/25
...
5,681
65
6951254.SQ.FTS.B
,
Zero
Cpn
,
2/23/25
...
1,207
1,185
6951488.SQ.FTS.B
,
Zero
Cpn
,
2/23/25
...
384
371
6952910.SQ.FTS.B
,
Zero
Cpn
,
2/23/25
...
145
110
6952926.SQ.FTS.B
,
Zero
Cpn
,
2/23/25
...
4,039
2,785
6955315.SQ.FTS.B
,
Zero
Cpn
,
2/24/25
...
11,083
9,694
6956614.SQ.FTS.B
,
Zero
Cpn
,
2/24/25
...
36,607
32,405
6959107.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
2,905
2,703
6960337.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
1,804
1,665
6961097.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
4,906
53
6961943.SQ.FTS.B
,
Zero
Cpn
,
2/25/25
...
2,717
2,644
6962505.SQ.FTS.B
,
Zero
Cpn
,
2/26/25
...
1,145
777
6962536.SQ.FTS.B
,
Zero
Cpn
,
2/26/25
...
318
299
6962747.SQ.FTS.B
,
Zero
Cpn
,
2/26/25
...
1,230
824
6963222.SQ.FTS.B
,
Zero
Cpn
,
2/27/25
...
1,355
641
6963462.SQ.FTS.B
,
Zero
Cpn
,
2/27/25
...
5,118
5,050
6965609.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,130
1,078
6967045.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
3,977
55
6967101.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
6,063
5,038
6967263.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
455
427
6967472.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
16,292
222
6967858.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
2,197
1,705
6968019.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
10,628
10,122
6968588.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
4,484
3,244
6969008.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,646
1,629
6969820.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,771
1,753
6970003.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
7,384
4,397
6970418.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
618
558
6970498.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,407
1,210
6971293.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
2,119
2,092
6971491.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
319
318
6971634.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
416
401
6972568.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
2,677
2,120
6972677.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
1,380
246
6972693.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
3,932
3,908
6974153.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
5,459
4,970
6978300.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
21,968
1,395
6980832.SQ.FTS.B
,
Zero
Cpn
,
2/28/25
...
17,151
16,071
6983073.SQ.FTS.B
,
Zero
Cpn
,
3/01/25
...
3,233
3,060
6983553.SQ.FTS.B
,
Zero
Cpn
,
3/01/25
...
5,993
5,419
6983763.SQ.FTS.B
,
Zero
Cpn
,
3/01/25
...
13,493
12,781
6984837.SQ.FTS.B
,
Zero
Cpn
,
3/02/25
...
1,743
1,660
6985030.SQ.FTS.B
,
Zero
Cpn
,
3/02/25
...
2,207
2,178
6985856.SQ.FTS.B
,
Zero
Cpn
,
3/03/25
...
5,346
4,441
6986082.SQ.FTS.B
,
Zero
Cpn
,
3/03/25
...
5,899
5,828
6986458.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
208
184
6986554.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
2,404
2,042
6986599.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
2,003
1,480
6986724.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
739
725
6986764.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
758
752
6986941.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
4,031
3,883
6987199.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
32
30
6987258.SQ.FTS.B
,
Zero
Cpn
,
3/04/25
...
1,351
23
6988180.SQ.FTS.B
,
Zero
Cpn
,
3/05/25
...
920
871
6988244.SQ.FTS.B
,
Zero
Cpn
,
3/05/25
...
324
292
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6988728.SQ.FTS.B
,
Zero
Cpn
,
3/05/25
...
$
797
$
535
6990423.SQ.FTS.B
,
Zero
Cpn
,
3/06/25
...
2,051
404
6993229.SQ.FTS.B
,
Zero
Cpn
,
3/06/25
...
1,553
791
6993384.SQ.FTS.B
,
Zero
Cpn
,
3/06/25
...
3,029
2,975
6995636.SQ.FTS.B
,
Zero
Cpn
,
3/07/25
...
479
318
6995688.SQ.FTS.B
,
Zero
Cpn
,
3/07/25
...
230
207
6995736.SQ.FTS.B
,
Zero
Cpn
,
3/07/25
...
307
301
6997213.SQ.FTS.B
,
Zero
Cpn
,
3/07/25
...
1,387
1,364
6997746.SQ.FTS.B
,
Zero
Cpn
,
3/07/25
...
78
77
6997762.SQ.FTS.B
,
Zero
Cpn
,
3/07/25
...
224
201
6998035.SQ.FTS.B
,
Zero
Cpn
,
3/07/25
...
1,003
975
7000026.SQ.FTS.B
,
Zero
Cpn
,
3/08/25
...
700
608
7000186.SQ.FTS.B
,
Zero
Cpn
,
3/08/25
...
1,248
1,174
7000558.SQ.FTS.B
,
Zero
Cpn
,
3/08/25
...
1,016
994
7001359.SQ.FTS.B
,
Zero
Cpn
,
3/08/25
...
3,554
3,379
7002817.SQ.FTS.B
,
Zero
Cpn
,
3/09/25
...
7,082
6,771
7003292.SQ.FTS.B
,
Zero
Cpn
,
3/10/25
...
12,154
158
7003650.SQ.FTS.B
,
Zero
Cpn
,
3/10/25
...
2,995
41
7003681.SQ.FTS.B
,
Zero
Cpn
,
3/10/25
...
13,607
12,680
7005441.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
826
798
7006362.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
315
285
7006470.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
547
543
7006908.SQ.FTS.B
,
Zero
Cpn
,
3/11/25
...
291
283
7007470.SQ.FTS.B
,
Zero
Cpn
,
3/12/25
...
1,782
1,770
7008894.SQ.FTS.B
,
Zero
Cpn
,
3/12/25
...
7,776
7,597
7009641.SQ.FTS.B
,
Zero
Cpn
,
3/12/25
...
12,183
131
7010276.SQ.FTS.B
,
Zero
Cpn
,
3/12/25
...
7,339
7,017
7010912.SQ.FTS.B
,
Zero
Cpn
,
3/13/25
...
404
340
7011593.SQ.FTS.B
,
Zero
Cpn
,
3/13/25
...
2,057
1,776
7013065.SQ.FTS.B
,
Zero
Cpn
,
3/13/25
...
1,133
508
7013332.SQ.FTS.B
,
Zero
Cpn
,
3/13/25
...
1,219
1,182
7016321.SQ.FTS.B
,
Zero
Cpn
,
3/14/25
...
47,433
32,546
7020336.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
172
171
7020509.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
540
536
7020839.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
1,493
1,396
7020990.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
9,252
160
7021682.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
29,614
27,573
7023051.SQ.FTS.B
,
Zero
Cpn
,
3/15/25
...
35
35
7025720.SQ.FTS.B
,
Zero
Cpn
,
3/17/25
...
8,208
6,275
7027040.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
233
231
7027121.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
1,634
1,252
7027501.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
1,417
1,178
7027836.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
2,629
2,237
7028051.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
1,097
1,081
7028878.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
205
157
7030123.SQ.FTS.B
,
Zero
Cpn
,
3/18/25
...
16,729
16,123
7030572.SQ.FTS.B
,
Zero
Cpn
,
3/19/25
...
2,109
2,072
7032731.SQ.FTS.B
,
Zero
Cpn
,
3/19/25
...
608
561
7032794.SQ.FTS.B
,
Zero
Cpn
,
3/19/25
...
5,790
5,151
7033343.SQ.FTS.B
,
Zero
Cpn
,
3/19/25
...
926
713
7033375.SQ.FTS.B
,
Zero
Cpn
,
3/19/25
...
1,880
1,852
7034178.SQ.FTS.B
,
Zero
Cpn
,
3/20/25
...
3,980
3,957
7035330.SQ.FTS.B
,
Zero
Cpn
,
3/20/25
...
472
468
7035906.SQ.FTS.B
,
Zero
Cpn
,
3/20/25
...
2,000
1,450
7036717.SQ.FTS.B
,
Zero
Cpn
,
3/20/25
...
4,102
4,034
7037923.SQ.FTS.B
,
Zero
Cpn
,
3/20/25
...
2,333
2,005
7037990.SQ.FTS.B
,
Zero
Cpn
,
3/20/25
...
795
770
7041281.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
2,105
2,091
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)
7041655.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
$
681
$
673
7042355.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
1,230
789
7042606.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
17,280
12,888
7043366.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
3,422
3,234
7043570.SQ.FTS.B
,
Zero
Cpn
,
3/21/25
...
27,825
15,709
7044059.SQ.FTS.B
,
Zero
Cpn
,
3/22/25
...
1,921
448
7045336.SQ.FTS.B
,
Zero
Cpn
,
3/22/25
...
16,221
15,049
7046710.SQ.FTS.B
,
Zero
Cpn
,
3/22/25
...
559
538
7046749.SQ.FTS.B
,
Zero
Cpn
,
3/22/25
...
5,740
5,453
7047133.SQ.FTS.B
,
Zero
Cpn
,
3/23/25
...
1,768
1,747
7047230.SQ.FTS.B
,
Zero
Cpn
,
3/23/25
...
1,283
1,269
7048345.SQ.FTS.B
,
Zero
Cpn
,
3/24/25
...
1,882
1,853
7048479.SQ.FTS.B
,
Zero
Cpn
,
3/24/25
...
2,902
2,874
7049971.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
2,873
2,682
7050225.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
5,901
4,689
7050945.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
3,471
3,321
7051723.SQ.FTS.B
,
Zero
Cpn
,
3/25/25
...
1,471
1,447
7052708.SQ.FTS.B
,
Zero
Cpn
,
3/26/25
...
2,634
2,065
7053870.SQ.FTS.B
,
Zero
Cpn
,
3/26/25
...
705
612
7053912.SQ.FTS.B
,
Zero
Cpn
,
3/26/25
...
2,477
2,438
7054471.SQ.FTS.B
,
Zero
Cpn
,
3/26/25
...
2,789
1,774
7057770.SQ.FTS.B
,
Zero
Cpn
,
3/27/25
...
1,699
1,681
7061299.SQ.FTS.B
,
Zero
Cpn
,
3/28/25
...
319
318
7061389.SQ.FTS.B
,
Zero
Cpn
,
3/28/25
...
2,500
2,017
7061463.SQ.FTS.B
,
Zero
Cpn
,
3/28/25
...
14,436
6,674
7062067.SQ.FTS.B
,
Zero
Cpn
,
3/28/25
...
599
522
7062192.SQ.FTS.B
,
Zero
Cpn
,
3/28/25
...
1,700
1,568
7063450.SQ.FTS.B
,
Zero
Cpn
,
3/28/25
...
49,909
45,528
7065028.SQ.FTS.B
,
Zero
Cpn
,
3/29/25
...
11,350
11,006
7066539.SQ.FTS.B
,
Zero
Cpn
,
3/29/25
...
11,841
10,431
7067466.SQ.FTS.B
,
Zero
Cpn
,
3/29/25
...
1,394
380
7067563.SQ.FTS.B
,
Zero
Cpn
,
3/29/25
...
1,193
1,167
7068539.SQ.FTS.B
,
Zero
Cpn
,
3/30/25
...
824
810
7068948.SQ.FTS.B
,
Zero
Cpn
,
3/30/25
...
3,847
65
7069134.SQ.FTS.B
,
Zero
Cpn
,
4/01/25
...
658
651
7069579.SQ.FTS.B
,
Zero
Cpn
,
4/01/25
...
6,169
4,733
7069743.SQ.FTS.B
,
Zero
Cpn
,
4/01/25
...
2,638
2,585
7071377.SQ.FTS.B
,
Zero
Cpn
,
4/02/25
...
1,407
1,397
7071556.SQ.FTS.B
,
Zero
Cpn
,
4/02/25
...
2,268
2,254
7072244.SQ.FTS.B
,
Zero
Cpn
,
4/02/25
...
2,116
2,083
7073426.SQ.FTS.B
,
Zero
Cpn
,
4/02/25
...
16,093
4,926
7074066.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
10,007
8,348
7076084.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
7,743
7,656
7077341.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
1,153
782
7077467.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
653
647
7077535.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
885
503
7077567.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
8,956
5,724
7077718.SQ.FTS.B
,
Zero
Cpn
,
4/03/25
...
525
59
7078667.SQ.FTS.B
,
Zero
Cpn
,
4/04/25
...
148
148
7080187.SQ.FTS.B
,
Zero
Cpn
,
4/04/25
...
464
460
7080219.SQ.FTS.B
,
Zero
Cpn
,
4/04/25
...
938
790
7085369.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
1,302
1,193
7085488.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
4,350
3,549
7086293.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
5,645
3,254
7087092.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
4,219
4,181
7087684.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
2,702
2,612
7087923.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
9,288
7,291
7088513.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
4,171
3,242
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7088740.SQ.FTS.B
,
Zero
Cpn
,
4/05/25
...
$
9,584
$
8,795
7089469.SQ.FTS.B
,
Zero
Cpn
,
4/06/25
...
539
534
7089636.SQ.FTS.B
,
Zero
Cpn
,
4/06/25
...
673
509
7089913.SQ.FTS.B
,
Zero
Cpn
,
4/06/25
...
2,732
2,686
7091199.SQ.FTS.B
,
Zero
Cpn
,
4/06/25
...
5,223
5,186
7091848.SQ.FTS.B
,
Zero
Cpn
,
4/06/25
...
3,720
77
7091928.SQ.FTS.B
,
Zero
Cpn
,
4/06/25
...
891
612
7092629.SQ.FTS.B
,
Zero
Cpn
,
4/07/25
...
1,100
1,093
7093574.SQ.FTS.B
,
Zero
Cpn
,
4/08/25
...
2,256
2,178
7093891.SQ.FTS.B
,
Zero
Cpn
,
4/08/25
...
88
76
7093914.SQ.FTS.B
,
Zero
Cpn
,
4/08/25
...
828
795
7094035.SQ.FTS.B
,
Zero
Cpn
,
4/09/25
...
3,437
2,735
7094377.SQ.FTS.B
,
Zero
Cpn
,
4/09/25
...
1,421
1,404
7094803.SQ.FTS.B
,
Zero
Cpn
,
4/09/25
...
4,262
2,898
7094917.SQ.FTS.B
,
Zero
Cpn
,
4/09/25
...
2,441
570
7096289.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
561
558
7096855.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
707
668
7096934.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
3,118
799
7097160.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
2,246
741
7097395.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
23,684
13,150
7098152.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
1,260
923
7098222.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
175
154
7099046.SQ.FTS.B
,
Zero
Cpn
,
4/10/25
...
785
772
7099099.SQ.FTS.B
,
Zero
Cpn
,
4/11/25
...
604
535
7105122.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
10,613
10,135
7105597.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
2,048
1,995
7105877.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
898
572
7106100.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
4,678
4,562
7106563.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
2,094
1,705
7106887.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
14,205
3,108
7107425.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
339
338
7107483.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
17,406
17,002
7108113.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
7,680
5,944
7108231.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
567
558
7108337.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
6,285
5,279
7108591.SQ.FTS.B
,
Zero
Cpn
,
4/12/25
...
1,924
1,879
7108788.SQ.FTS.B
,
Zero
Cpn
,
4/13/25
...
4,896
4,868
7111548.SQ.FTS.B
,
Zero
Cpn
,
4/13/25
...
1,355
1,340
7112521.SQ.FTS.B
,
Zero
Cpn
,
4/14/25
...
958
949
7112782.SQ.FTS.B
,
Zero
Cpn
,
4/14/25
...
2,023
1,995
7113005.SQ.FTS.B
,
Zero
Cpn
,
4/15/25
...
6,711
58
7113153.SQ.FTS.B
,
Zero
Cpn
,
4/15/25
...
2,988
2,924
7113491.SQ.FTS.B
,
Zero
Cpn
,
4/15/25
...
1,744
1,409
7113653.SQ.FTS.B
,
Zero
Cpn
,
4/15/25
...
1,006
859
7113747.SQ.FTS.B
,
Zero
Cpn
,
4/15/25
...
4,764
3,902
7115476.SQ.FTS.B
,
Zero
Cpn
,
4/16/25
...
6,351
68
7115927.SQ.FTS.B
,
Zero
Cpn
,
4/16/25
...
2,938
2,902
7116821.SQ.FTS.B
,
Zero
Cpn
,
4/16/25
...
28,095
3,547
7117411.SQ.FTS.B
,
Zero
Cpn
,
4/16/25
...
3,468
3,302
7117915.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
2,966
2,896
7118135.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
1,503
1,492
7118685.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
2,768
1,463
7119216.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
1,504
1,498
7119518.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
916
875
7119834.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
15,423
15,061
7120797.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
20,220
348
7121142.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
248
244
7121176.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
3,284
3,051
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)
7121365.SQ.FTS.B
,
Zero
Cpn
,
4/17/25
...
$
753
$
731
7121532.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
1,195
584
7122864.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
430
293
7123188.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
423
8
7123225.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
557
546
7123254.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
1,447
1,358
7123629.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
140
132
7124145.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
2,181
1,258
7124189.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
1,892
1,867
7124948.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
3,326
2,303
7125155.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
947
925
7125536.SQ.FTS.B
,
Zero
Cpn
,
4/18/25
...
2,553
2,538
7128415.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
10,317
9,375
7130577.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
2,460
2,418
7131773.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
1,931
1,896
7131984.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
708
570
7134648.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
1,226
1,207
7134683.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
1,675
315
7135060.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
616
609
7135084.SQ.FTS.B
,
Zero
Cpn
,
4/19/25
...
11,156
10,985
7136331.SQ.FTS.B
,
Zero
Cpn
,
4/20/25
...
808
800
7143037.SQ.FTS.B
,
Zero
Cpn
,
4/22/25
...
1,385
1,146
7143733.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
1,390
1,243
7145762.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
4,371
4,322
7146074.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
4,716
4,663
7146434.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
8,366
6,312
7146587.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
6,938
3,333
7147009.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
957
941
7147083.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
3,861
3,550
7147377.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
4,558
4,143
7147695.SQ.FTS.B
,
Zero
Cpn
,
4/23/25
...
267
264
7147738.SQ.FTS.B
,
Zero
Cpn
,
4/24/25
...
6,808
4,831
7147920.SQ.FTS.B
,
Zero
Cpn
,
4/24/25
...
543
525
7147954.SQ.FTS.B
,
Zero
Cpn
,
4/24/25
...
2,878
2,808
7151392.SQ.FTS.B
,
Zero
Cpn
,
4/24/25
...
500
432
7151435.SQ.FTS.B
,
Zero
Cpn
,
4/24/25
...
385
230
7151519.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
7,613
80
7151965.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
3,711
3,468
7152852.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
3,580
3,516
7153412.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
4,816
4,768
7154428.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
2,177
322
7154556.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
398
361
7154700.SQ.FTS.B
,
Zero
Cpn
,
4/25/25
...
2,260
2,163
7156753.SQ.FTS.B
,
Zero
Cpn
,
4/26/25
...
4,816
1,153
7157857.SQ.FTS.B
,
Zero
Cpn
,
4/26/25
...
839
426
7159250.SQ.FTS.B
,
Zero
Cpn
,
4/26/25
...
1,161
1,110
7159272.SQ.FTS.B
,
Zero
Cpn
,
4/26/25
...
595
592
7159526.SQ.FTS.B
,
Zero
Cpn
,
4/26/25
...
10,105
9,780
7160005.SQ.FTS.B
,
Zero
Cpn
,
4/26/25
...
10,558
10,016
7160947.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
7,451
7,343
7161719.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
1,924
1,894
7161896.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
500
499
7162394.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
18,380
17,974
7163775.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
1,052
580
7163794.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
6,338
6,227
7164064.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
1,945
1,661
7164159.SQ.FTS.B
,
Zero
Cpn
,
4/27/25
...
806
756
7164194.SQ.FTS.B
,
Zero
Cpn
,
4/28/25
...
344
199
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7164816.SQ.FTS.B
,
Zero
Cpn
,
4/28/25
...
$
4,282
$
3,601
7165443.SQ.FTS.B
,
Zero
Cpn
,
4/29/25
...
657
631
7165779.SQ.FTS.B
,
Zero
Cpn
,
4/29/25
...
3,161
3,101
7166903.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
1,121
1,115
7170499.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
750
730
7170562.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
2,483
2,448
7170863.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
3,566
3,497
7171282.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
2,130
1,689
7171804.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
7,612
7,483
7172353.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
13,700
13,543
7173156.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
1,928
1,224
7173191.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
2,365
2,347
7173445.SQ.FTS.B
,
Zero
Cpn
,
4/30/25
...
2,177
2,124
7173877.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
12,007
11,892
7174919.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
373
370
7176877.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
1,841
488
7177016.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
1,676
1,446
7177080.SQ.FTS.B
,
Zero
Cpn
,
5/01/25
...
3,881
3,778
7179248.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
3,944
649
7179389.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
3,065
43
7179445.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
4,996
4,815
7179921.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
5,926
5,729
7180177.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
12,787
12,513
7180590.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
2,071
2,057
7180972.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
1,639
1,630
7182156.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
2,671
2,645
7182843.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
746
358
7182876.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
1,358
1,341
7183135.SQ.FTS.B
,
Zero
Cpn
,
5/02/25
...
1,534
1,145
7185649.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
12,543
10,280
7187093.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
1,566
473
7187135.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
9,799
6,968
7187326.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
859
795
7187459.SQ.FTS.B
,
Zero
Cpn
,
5/03/25
...
2,481
2,421
7187664.SQ.FTS.B
,
Zero
Cpn
,
5/04/25
...
533
492
7187938.SQ.FTS.B
,
Zero
Cpn
,
5/04/25
...
1,193
1,175
7188028.SQ.FTS.B
,
Zero
Cpn
,
5/04/25
...
1,900
1,874
7188188.SQ.FTS.B
,
Zero
Cpn
,
5/04/25
...
902
546
7188214.SQ.FTS.B
,
Zero
Cpn
,
5/04/25
...
3,256
3,192
7188959.SQ.FTS.B
,
Zero
Cpn
,
5/05/25
...
5,835
5,598
7189880.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
4,527
3,851
7190544.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
3,929
3,837
7191141.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
1,041
1,020
7191222.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
948
939
7192834.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
142
141
7192991.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
8,700
8,192
7193396.SQ.FTS.B
,
Zero
Cpn
,
5/06/25
...
1,121
13
7193864.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
12,642
12,324
7194348.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
3,248
48
7194461.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
3,370
3,331
7195000.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
2,670
2,608
7195173.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
6,440
6,259
7196348.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
11,631
3,518
7196536.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
6,856
6,733
7197422.SQ.FTS.B
,
Zero
Cpn
,
5/07/25
...
162
161
7197655.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
4,835
3,253
7197781.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
4,156
2,928
7197930.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
1,872
1,698
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)
7197999.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
$
1,992
$
1,967
7198086.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
1,371
1,355
7198257.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
4,139
4,016
7198435.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
2,027
1,998
7198987.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
2,778
2,676
7199233.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
1,434
1,267
7199261.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
4,046
4,006
7199993.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
14,205
13,740
7200476.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
2,272
1,704
7200855.SQ.FTS.B
,
Zero
Cpn
,
5/08/25
...
414
406
7203377.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
11,980
11,072
7203775.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
822
762
7203811.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
36
36
7204182.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
1,909
1,863
7204878.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
3,800
3,737
7205468.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
45
44
7205899.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
6,488
6,376
7206238.SQ.FTS.B
,
Zero
Cpn
,
5/09/25
...
1,843
1,577
7207367.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
2,085
2,058
7207439.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
1,225
1,201
7207508.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
6,369
6,267
7207825.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
4,012
3,942
7208240.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
825
812
7208343.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
827
732
7208975.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
4,333
4,159
7209100.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
1,949
1,928
7209211.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
15,755
12,852
7209663.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
2,737
34
7210617.SQ.FTS.B
,
Zero
Cpn
,
5/10/25
...
6,952
6,825
7210903.SQ.FTS.B
,
Zero
Cpn
,
5/11/25
...
6,339
5,186
7211090.SQ.FTS.B
,
Zero
Cpn
,
5/11/25
...
4,544
4,497
7211511.SQ.FTS.B
,
Zero
Cpn
,
5/11/25
...
9,475
8,592
7216608.SQ.FTS.B
,
Zero
Cpn
,
5/13/25
...
552
60
7216644.SQ.FTS.B
,
Zero
Cpn
,
5/13/25
...
881
772
7216696.SQ.FTS.B
,
Zero
Cpn
,
5/13/25
...
296
278
7216706.SQ.FTS.B
,
Zero
Cpn
,
5/13/25
...
282
264
7216989.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
1,020
973
7217049.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
6,555
5,222
7217211.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
923
888
7217319.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
18,370
184
7217915.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
4,632
4,547
7218349.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
2,121
2,001
7218429.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
1,388
1,347
7218518.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
4,024
3,974
7218769.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
2,677
2,436
7218858.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
3,434
3,342
7218931.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
22,687
22,217
7220342.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
4,696
4,641
7220570.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
6,919
5,998
7220771.SQ.FTS.B
,
Zero
Cpn
,
5/14/25
...
1,590
1,473
7221400.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
5,443
3,697
7221567.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
1,077
1,063
7221661.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
1,050
1,035
7222042.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
3,258
3,121
7222143.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
746
571
7222234.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
974
905
7222885.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
3,414
3,368
7223144.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
5,558
4,348
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7223258.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
$
2,010
$
1,610
7223306.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
17,545
16,802
7224046.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
12,865
294
7224266.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
4,521
1,385
7224388.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
424
309
7224710.SQ.FTS.B
,
Zero
Cpn
,
5/15/25
...
1,281
1,260
7226881.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
1,013
1,001
7229798.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
6,499
6,341
7229907.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
2,089
2,049
7229934.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
2,268
2,119
7230286.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
6,783
5,715
7230607.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
1,182
1,135
7230694.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
2,066
1,866
7230795.SQ.FTS.B
,
Zero
Cpn
,
5/16/25
...
650
638
7231179.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
2,066
2,031
7231620.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
12,897
11,255
7232425.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
1,618
1,597
7232628.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
1,033
1,013
7232693.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
4,927
3,798
7232869.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
1,534
1,521
7232997.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
141
128
7233046.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
1,388
1,164
7233336.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
5,314
5,240
7233681.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
4,850
4,781
7234021.SQ.FTS.B
,
Zero
Cpn
,
5/17/25
...
5,013
4,297
7234707.SQ.FTS.B
,
Zero
Cpn
,
5/18/25
...
40,772
37,518
7237384.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
5,891
4,471
7238080.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
2,996
2,936
7238281.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
190
168
7238318.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
20,134
19,531
7239102.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
165
163
7239103.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
6,026
5,953
7239649.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
422
407
7239689.SQ.FTS.B
,
Zero
Cpn
,
5/20/25
...
18,961
18,640
7241898.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
14,639
14,377
7243603.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
7,228
7,002
7243704.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
1,631
1,610
7243771.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
5,433
5,360
7243888.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
3,244
2,645
7243983.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
50
48
7244047.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
1,670
1,617
7244208.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
994
578
7244322.SQ.FTS.B
,
Zero
Cpn
,
5/21/25
...
2,270
1,808
7247410.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
8,450
8,296
7247771.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
457
451
7247914.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
2,145
2,119
7248009.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
2,536
1,946
7248070.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
22,762
22,477
7249235.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
1,653
1,624
7251046.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
565
562
7251189.SQ.FTS.B
,
Zero
Cpn
,
5/22/25
...
1,793
1,740
7251279.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
5,696
2,785
7251447.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
5,453
5,288
7251613.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
16,232
15,830
7251956.SQ.FTS.B
,
Zero
Cpn
,
5/23/25
...
5,933
5,749
7252243.SQ.FTS.B
,
Zero
Cpn
,
5/24/25
...
2,672
2,591
7252374.SQ.FTS.B
,
Zero
Cpn
,
5/24/25
...
1,138
888
7252493.SQ.FTS.B
,
Zero
Cpn
,
5/24/25
...
5,028
261
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)
7253307.SQ.FTS.B
,
Zero
Cpn
,
5/24/25
...
$
189
$
176
7254093.SQ.FTS.B
,
Zero
Cpn
,
5/24/25
...
2,380
1,016
7254457.SQ.FTS.B
,
Zero
Cpn
,
5/24/25
...
5,343
5,283
7254528.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
2,827
457
7254548.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
5,740
5,624
7254644.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
620
613
7254664.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
2,036
2,007
7255214.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
2,576
1,911
7255250.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
1,825
1,217
7255271.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
2,014
1,319
7255307.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
2,290
2,163
7255562.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
5,964
5,886
7255742.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
661
645
7256032.SQ.FTS.B
,
Zero
Cpn
,
5/25/25
...
6,650
6,532
7256218.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
6,270
1,303
7256487.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
510
500
7256502.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
1,969
1,352
7256895.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
616
486
7256906.SQ.FTS.B
,
Zero
Cpn
,
5/26/25
...
2,336
1,991
7260974.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
7,959
7,565
7261087.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
1,909
1,867
7261662.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
16,110
15,246
7262332.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
2,251
1,947
7263020.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
707
671
7263049.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
2,138
2,100
7263203.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
1,331
1,315
7263310.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
1,777
1,764
7263424.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
554
532
7263448.SQ.FTS.B
,
Zero
Cpn
,
5/28/25
...
721
138
7264377.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
298
175
7264394.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
650
560
7264689.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
7,999
7,670
7265380.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
4,446
4,355
7265488.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
8,629
8,419
7265966.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
3,354
3,191
7266032.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
789
746
7266047.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
4,739
4,547
7266132.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
1,801
1,793
7266927.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
2,753
2,709
7267303.SQ.FTS.B
,
Zero
Cpn
,
5/29/25
...
1,627
1,609
7270130.SQ.FTS.B
,
Zero
Cpn
,
5/30/25
...
6,858
2,954
7270346.SQ.FTS.B
,
Zero
Cpn
,
5/30/25
...
3,229
3,095
7271724.SQ.FTS.B
,
Zero
Cpn
,
5/30/25
...
476
406
7271910.SQ.FTS.B
,
Zero
Cpn
,
5/30/25
...
7,765
7,650
7272422.SQ.FTS.B
,
Zero
Cpn
,
5/30/25
...
6,111
5,927
7272737.SQ.FTS.B
,
Zero
Cpn
,
5/30/25
...
196
196
7273854.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
6,564
6,383
7274149.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
4,915
2,942
7274385.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
877
764
7275352.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
1,200
1,137
7275547.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
3,020
2,960
7275856.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
1,636
1,613
7275937.SQ.FTS.B
,
Zero
Cpn
,
6/01/25
...
2,477
2,438
7277510.SQ.FTS.B
,
Zero
Cpn
,
6/02/25
...
3,507
3,446
7277970.SQ.FTS.B
,
Zero
Cpn
,
6/02/25
...
9,038
8,809
7278478.SQ.FTS.B
,
Zero
Cpn
,
6/02/25
...
4,907
4,778
7279297.SQ.FTS.B
,
Zero
Cpn
,
6/03/25
...
1,101
1,074
7279337.SQ.FTS.B
,
Zero
Cpn
,
6/03/25
...
1,610
1,222
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7279543.SQ.FTS.B
,
Zero
Cpn
,
6/03/25
...
$
1,656
$
1,043
7280624.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
1,474
1,054
7280688.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
682
664
7280739.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
710
641
7280988.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
1,585
1,559
7281553.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
2,257
2,216
7281662.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
2,597
2,487
7281773.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
7,236
7,118
7283057.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
22,343
19,246
7283880.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
2,252
2,065
7283942.SQ.FTS.B
,
Zero
Cpn
,
6/04/25
...
26
24
7284088.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
7,781
7,473
7285157.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
1,021
991
7285261.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
4,969
4,926
7285801.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
8,044
7,838
7286345.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
11,764
11,613
7287159.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
9,651
9,418
7287630.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
2,409
2,173
7287747.SQ.FTS.B
,
Zero
Cpn
,
6/05/25
...
884
873
7287890.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
1,792
968
7288120.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
4,166
2,968
7288409.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
548
407
7288807.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
4,453
4,313
7289279.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
20,796
18,638
7289938.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
1,796
1,746
7290035.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
3,403
929
7290602.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
108
108
7290668.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
2,868
2,623
7290740.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
4,088
4,027
7291240.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
5,009
176
7291331.SQ.FTS.B
,
Zero
Cpn
,
6/06/25
...
1,300
384
7293656.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
4,256
4,145
7294015.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
1,475
1,430
7294091.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
2,198
2,151
7294211.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
5,143
4,980
7294544.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
3,614
3,588
7295203.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
884
864
7295319.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
2,219
2,133
7295480.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
2,387
400
7295692.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
325
320
7295736.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
4,076
3,954
7296106.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
659
387
7296128.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
5,980
5,887
7296434.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
316
313
7296773.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
1,245
1,125
7297861.SQ.FTS.B
,
Zero
Cpn
,
6/07/25
...
1,544
1,423
7298390.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
832
784
7298474.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
2,763
2,656
7299023.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
1,732
1,706
7299111.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
23,038
22,504
7299947.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
28,865
26,053
7300556.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
581
477
7300569.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
20,618
20,106
7301524.SQ.FTS.B
,
Zero
Cpn
,
6/08/25
...
1,875
1,647
7301678.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
2,573
2,546
7301849.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
2,037
1,972
7301930.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
1,568
1,543
7302032.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
1,519
1,500
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)
7302117.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
$
790
$
763
7302162.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
2,582
2,440
7302425.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
5,667
5,439
7302557.SQ.FTS.B
,
Zero
Cpn
,
6/09/25
...
4,348
4,250
7302669.SQ.FTS.B
,
Zero
Cpn
,
6/10/25
...
2,749
2,705
7303458.SQ.FTS.B
,
Zero
Cpn
,
6/10/25
...
6,673
6,098
7303666.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
1,153
1,140
7304594.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
8,057
7,959
7305654.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
20,924
20,719
7307231.SQ.FTS.B
,
Zero
Cpn
,
6/11/25
...
9,153
9,068
7308243.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
10,716
10,275
7308511.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
6,927
6,806
7312996.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
3,191
3,141
7313406.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
24,577
23,954
7314137.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
4,664
4,433
7314276.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
3,959
3,575
7314373.SQ.FTS.B
,
Zero
Cpn
,
6/12/25
...
3,790
3,766
7314803.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
1,698
1,643
7315379.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
15,480
11,208
7316100.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
2,291
2,099
7316156.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
1,565
1,505
7316254.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
1,457
1,429
7316329.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
3,425
3,374
7316629.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
2,544
2,466
7316950.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
10,328
6,588
7317744.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
371
369
7318044.SQ.FTS.B
,
Zero
Cpn
,
6/13/25
...
3,336
3,289
7320392.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
5,619
4,674
7320581.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
779
762
7321685.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
450
444
7321814.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
3,855
3,334
7322501.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
15,399
15,180
7323263.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
17,536
14,984
7323733.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
2,191
2,147
7323826.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
323
298
7324399.SQ.FTS.B
,
Zero
Cpn
,
6/14/25
...
3,679
3,609
7324500.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
8,117
7,863
7324963.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
3,845
3,757
7325237.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
649
622
7325383.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
12,412
12,107
7326147.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
1,137
772
7326696.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
2,174
2,120
7326825.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
910
850
7326930.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
984
915
7327635.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
4,173
3,492
7327705.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
1,861
1,782
7327797.SQ.FTS.B
,
Zero
Cpn
,
6/15/25
...
5,402
5,334
7328106.SQ.FTS.B
,
Zero
Cpn
,
6/16/25
...
1,521
1,451
7328195.SQ.FTS.B
,
Zero
Cpn
,
6/16/25
...
3,552
3,106
7328408.SQ.FTS.B
,
Zero
Cpn
,
6/16/25
...
2,124
2,027
7328482.SQ.FTS.B
,
Zero
Cpn
,
6/16/25
...
5,951
5,757
7328664.SQ.FTS.B
,
Zero
Cpn
,
6/16/25
...
2,787
2,735
7328785.SQ.FTS.B
,
Zero
Cpn
,
6/16/25
...
6,965
5,725
7329032.SQ.FTS.B
,
Zero
Cpn
,
6/16/25
...
606
554
7329078.SQ.FTS.B
,
Zero
Cpn
,
6/17/25
...
2,312
2,262
7329269.SQ.FTS.B
,
Zero
Cpn
,
6/17/25
...
281
68
7329399.SQ.FTS.B
,
Zero
Cpn
,
6/17/25
...
6,541
5,927
7329570.SQ.FTS.B
,
Zero
Cpn
,
6/17/25
...
8,078
7,919
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7329934.SQ.FTS.B
,
Zero
Cpn
,
6/17/25
...
$
2,929
$
2,461
7330356.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
9,626
9,300
7330945.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
2,806
2,691
7331688.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
3,529
3,468
7331943.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
16,938
16,740
7333386.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
2,248
2,207
7333634.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
1,195
855
7333733.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
8,133
8,037
7334394.SQ.FTS.B
,
Zero
Cpn
,
6/18/25
...
1,661
1,536
7334458.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
199
194
7334477.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
4,733
4,571
7334639.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
3,617
3,465
7335667.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
4,746
4,627
7335892.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
3,076
3,000
7335985.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
7,811
7,692
7336220.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
2,408
2,283
7336337.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
28,776
27,460
7336917.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
6,713
6,604
7337152.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
15,010
14,543
7338059.SQ.FTS.B
,
Zero
Cpn
,
6/19/25
...
2,266
1,782
7338337.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
2,273
556
7338391.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
6,767
6,589
7338662.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
4,713
3,814
7338777.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
4,443
4,077
7338876.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
3,960
3,853
7339268.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
1,546
1,320
7339440.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
1,895
286
7339873.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
3,281
3,092
7340314.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
24,611
18,604
7340525.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
314
302
7340564.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
2,990
2,919
7340646.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
8,419
7,379
7340745.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
1,243
1,204
7340760.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
1,207
1,168
7340777.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
1,663
1,433
7340785.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
962
630
7340929.SQ.FTS.B
,
Zero
Cpn
,
6/20/25
...
213
203
7344546.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
11,318
11,059
7344910.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
8,730
8,578
7345408.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
7,788
7,492
7345527.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
5,261
5,191
7345849.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
2,400
2,352
7346312.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
6,393
6,278
7346601.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
6,861
6,746
7347161.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
1,612
707
7347199.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
6,699
6,549
7347531.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
4,417
4,331
7347634.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
1,616
485
7347663.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
1,360
1,311
7347758.SQ.FTS.B
,
Zero
Cpn
,
6/21/25
...
1,441
1,394
7348176.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
3,070
3,051
7349176.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
4,429
1,652
7349387.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
2,419
2,330
7349442.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
1,090
1,017
7349551.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
5,242
5,127
7349943.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
33
32
7350007.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
3,700
3,472
7350346.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
3,426
3,242
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)
7350489.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
$
747
$
737
7350547.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
6,287
6,111
7350753.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
8,470
8,182
7351090.SQ.FTS.B
,
Zero
Cpn
,
6/22/25
...
942
923
7351560.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
1,590
242
7351591.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
6,782
6,597
7351823.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
1,895
1,840
7351853.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
5,993
5,495
7351966.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
973
958
7352061.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
4,023
3,948
7352142.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
549
526
7352154.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
1,433
1,302
7352175.SQ.FTS.B
,
Zero
Cpn
,
6/23/25
...
17,080
15,752
7352602.SQ.FTS.B
,
Zero
Cpn
,
6/24/25
...
12,921
10,582
7352758.SQ.FTS.B
,
Zero
Cpn
,
6/24/25
...
6,371
6,226
7352926.SQ.FTS.B
,
Zero
Cpn
,
6/24/25
...
8,425
8,330
7353214.SQ.FTS.B
,
Zero
Cpn
,
6/24/25
...
4,019
3,912
7353332.SQ.FTS.B
,
Zero
Cpn
,
6/24/25
...
3,476
1,731
7353518.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
2,207
802
7353531.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
2,069
1,978
7353595.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
597
566
7353602.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
630
574
7353620.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
10,280
9,852
7353671.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
6,919
6,707
7353785.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
1,445
1,328
7353813.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
3,446
3,373
7353896.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
860
638
7353920.SQ.FTS.B
,
Zero
Cpn
,
6/25/25
...
726
718
7358629.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
8,974
8,795
7359600.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
16,266
15,888
7360145.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
32,970
31,537
7360615.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
10,071
9,923
7360805.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
2,063
1,128
7360828.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
2,486
2,385
7360923.SQ.FTS.B
,
Zero
Cpn
,
6/27/25
...
5,942
5,663
7363981.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
12,881
12,284
7364343.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
93
80
7364354.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
16,971
16,401
7365501.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
2,380
2,336
7365762.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
282
280
7365795.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
452
448
7365827.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
9,889
8,723
7366164.SQ.FTS.B
,
Zero
Cpn
,
6/28/25
...
3,219
3,023
7367414.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
1,193
1,168
7367527.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
2,839
2,769
7367665.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
10,969
10,724
7368256.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
1,521
1,482
7368440.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
579
554
7368483.SQ.FTS.B
,
Zero
Cpn
,
6/29/25
...
424
398
7370368.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
5,898
5,632
7370572.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
2,056
1,672
7371001.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
2,778
2,660
7371071.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
387
373
7371364.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
909
879
7371390.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
618
607
7371563.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
397
385
7371598.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
592
578
7371632.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
3,696
1,863
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7371688.SQ.FTS.B
,
Zero
Cpn
,
6/30/25
...
$
1,526
$
1,484
7371820.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
262
253
7371839.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
1,627
902
7371871.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
937
915
7371906.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
1,816
1,336
7371937.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
501
487
7371952.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
2,740
2,653
7372024.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
1,961
1,785
7372108.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
5,199
5,007
7372211.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
4,481
4,375
7372347.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
3,471
3,434
7372521.SQ.FTS.B
,
Zero
Cpn
,
7/01/25
...
1,949
1,119
7373026.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
1,262
1,233
7373216.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
13,346
12,948
7373853.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
3,716
3,180
7373963.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
2,796
2,594
7374811.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
2,277
2,236
7374891.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
2,125
22
7374941.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
3,364
3,322
7375093.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
218
206
7375109.SQ.FTS.B
,
Zero
Cpn
,
7/02/25
...
58,681
5,925
7375993.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
7,430
7,286
7377495.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
12,947
9,579
7377915.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
2,442
2,350
7378034.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
1,691
1,645
7378930.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
2,018
1,240
7378968.SQ.FTS.B
,
Zero
Cpn
,
7/03/25
...
14,492
12,350
7380832.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
3,802
636
7381217.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
1,618
1,350
7381291.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
2,088
2,000
7381490.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
681
676
7381659.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
5,719
5,611
7382116.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
2,664
2,412
7382222.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
3,420
3,333
7382472.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
1,116
1,018
7382819.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
1,245
1,150
7382941.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
5,482
5,375
7383171.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
5,372
5,320
7383642.SQ.FTS.B
,
Zero
Cpn
,
7/04/25
...
1,538
1,245
7384128.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
3,375
3,227
7384305.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
4,486
4,226
7384570.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
3,144
3,012
7384683.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
1,061
1,045
7384763.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
1,163
1,143
7385127.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
221
218
7385142.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
4,568
4,459
7385944.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
630
623
7386126.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
2,401
2,372
7386225.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
1,785
1,555
7386306.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
10,195
8,631
7386578.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
866
827
7386645.SQ.FTS.B
,
Zero
Cpn
,
7/05/25
...
10,194
9,871
7386936.SQ.FTS.B
,
Zero
Cpn
,
7/06/25
...
2,793
2,678
7387351.SQ.FTS.B
,
Zero
Cpn
,
7/06/25
...
2,155
1,315
7387904.SQ.FTS.B
,
Zero
Cpn
,
7/07/25
...
1,776
1,373
7387946.SQ.FTS.B
,
Zero
Cpn
,
7/07/25
...
2,210
2,162
7388247.SQ.FTS.B
,
Zero
Cpn
,
7/07/25
...
6,853
6,773
7389521.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
2,043
1,980
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)
7389801.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
$
9,550
$
9,372
7390025.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
39,374
38,281
7391026.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
7,807
5,383
7391152.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
1,353
1,243
7391195.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
1,298
1,290
7391369.SQ.FTS.B
,
Zero
Cpn
,
7/08/25
...
12,628
11,542
7391592.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
5,902
113
7391709.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
9,190
4,535
7391950.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
11,181
10,689
7392291.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
654
642
7392358.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
5,992
5,871
7392856.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
404
375
7393202.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
907
836
7393235.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
1,445
1,433
7393382.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
4,111
3,900
7393704.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
904
892
7393791.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
4,356
4,251
7393832.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
3,382
3,330
7394034.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
15,218
9,218
7394351.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
3,220
3,144
7394433.SQ.FTS.B
,
Zero
Cpn
,
7/09/25
...
9,309
7,640
7394781.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
836
821
7395717.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
4,833
4,720
7395888.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
44,627
36,557
7396709.SQ.FTS.B
,
Zero
Cpn
,
7/10/25
...
13,854
13,519
7400535.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
5,605
5,481
7400662.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
2,164
2,119
7400721.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
3,989
2,144
7401159.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
5,415
5,319
7401469.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
1,826
1,194
7401533.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
583
578
7401623.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
384
373
7401729.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
1,513
1,439
7401757.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
1,522
1,502
7401856.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
1,009
926
7401887.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
7,265
6,259
7402053.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
18,843
17,839
7402970.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
484
477
7402982.SQ.FTS.B
,
Zero
Cpn
,
7/11/25
...
23,480
22,764
7403593.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
802
785
7403758.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
1,750
1,650
7403854.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
5,805
5,684
7404129.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
3,508
3,460
7404529.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
6,901
6,574
7404861.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
2,154
1,981
7404931.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
4,620
4,527
7405222.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
1,236
1,194
7405305.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
1,103
1,051
7405344.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
1,202
1,118
7405407.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
9,568
9,370
7406380.SQ.FTS.B
,
Zero
Cpn
,
7/12/25
...
33,159
32,404
7406511.SQ.FTS.B
,
Zero
Cpn
,
7/13/25
...
15,194
10,644
7406827.SQ.FTS.B
,
Zero
Cpn
,
7/13/25
...
3,754
3,699
7406989.SQ.FTS.B
,
Zero
Cpn
,
7/13/25
...
16,026
14,615
7407468.SQ.FTS.B
,
Zero
Cpn
,
7/14/25
...
1,344
1,319
7407524.SQ.FTS.B
,
Zero
Cpn
,
7/14/25
...
3,330
3,218
7407628.SQ.FTS.B
,
Zero
Cpn
,
7/14/25
...
1,010
955
7407933.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
4,159
4,085
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7408113.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
$
2,993
$
2,903
7408191.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
1,170
1,153
7408420.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
533
527
7408690.SQ.FTS.B
,
Zero
Cpn
,
7/15/25
...
1,032
1,018
7409748.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
3,739
3,615
7409916.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
19,293
18,659
7410335.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
2,930
2,419
7410407.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
4,629
4,476
7411597.SQ.FTS.B
,
Zero
Cpn
,
7/16/25
...
1,311
1,290
7411856.SQ.FTS.B
,
Zero
Cpn
,
7/17/25
...
4,639
4,432
7412053.SQ.FTS.B
,
Zero
Cpn
,
7/17/25
...
427
412
7413041.SQ.FTS.B
,
Zero
Cpn
,
7/17/25
...
2,090
2,036
7413116.SQ.FTS.B
,
Zero
Cpn
,
7/17/25
...
19,520
17,131
7413564.SQ.FTS.B
,
Zero
Cpn
,
7/17/25
...
19,462
19,096
7414409.SQ.FTS.B
,
Zero
Cpn
,
7/17/25
...
23,116
22,750
7416118.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
861
841
7416216.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
36,041
35,241
7419116.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
1,444
1,225
7419159.SQ.FTS.B
,
Zero
Cpn
,
7/18/25
...
5,545
5,381
7419240.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
1,813
1,765
7419400.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
11,890
11,597
7420540.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
3,096
3,053
7420704.SQ.FTS.B
,
Zero
Cpn
,
7/19/25
...
44,023
42,927
7422447.SQ.FTS.B
,
Zero
Cpn
,
7/20/25
...
16,187
15,447
7423060.SQ.FTS.B
,
Zero
Cpn
,
7/20/25
...
13,542
13,242
7423428.SQ.FTS.B
,
Zero
Cpn
,
7/21/25
...
1,275
1,257
7423477.SQ.FTS.B
,
Zero
Cpn
,
7/21/25
...
4,046
3,979
7423657.SQ.FTS.B
,
Zero
Cpn
,
7/21/25
...
5,054
4,830
7423833.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
3,968
3,934
7425061.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
4,977
4,792
7425647.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
8,530
7,459
7425835.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
5,887
5,506
7426255.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
3,032
2,242
7426327.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
746
623
7426430.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
676
660
7426502.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
10,969
10,195
7427050.SQ.FTS.B
,
Zero
Cpn
,
7/22/25
...
20,152
1,295
7427416.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
4,518
4,435
7427569.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
6,110
5,952
7427771.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
3,214
3,109
7428663.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
6,690
6,402
7428823.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
12,990
12,772
7429631.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
6,425
6,220
7429768.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
11,265
10,931
7430066.SQ.FTS.B
,
Zero
Cpn
,
7/23/25
...
21,007
20,565
7430680.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
3,048
2,795
7430917.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
12,354
12,086
7431939.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
1,833
1,806
7431987.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
357
353
7431999.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
61,102
50,745
7433056.SQ.FTS.B
,
Zero
Cpn
,
7/24/25
...
5,952
5,860
7435657.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
4,604
4,529
7436046.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
7,917
7,691
7436971.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
1,151
1,123
7437247.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
882
863
7437662.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
1,433
1,379
7438474.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
2,436
2,392
7438614.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
3,804
3,663
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)
7438729.SQ.FTS.B
,
Zero
Cpn
,
7/25/25
...
$
3,078
$
2,983
7438902.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
8,476
1,169
7439179.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
1,079
164
7439189.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
9,334
8,927
7440035.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
651
645
7440318.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
2,190
2,161
7440471.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
3,068
3,002
7440620.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
1,813
1,779
7440684.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
4,127
3,959
7440744.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
4,908
4,517
7440842.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
6,259
6,111
7441037.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
598
584
7441185.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
10,472
9,121
7441937.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
976
266
7442030.SQ.FTS.B
,
Zero
Cpn
,
7/26/25
...
3,911
3,804
7442092.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
2,778
2,649
7442156.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
6,351
5,825
7442323.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
2,210
2,148
7442376.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
1,558
1,529
7442430.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
3,983
3,900
7442569.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
5,739
5,635
7442747.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
980
966
7442798.SQ.FTS.B
,
Zero
Cpn
,
7/27/25
...
1,382
1,333
7442897.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
2,617
2,586
7443050.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
6,059
5,788
7443270.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
2,200
1,897
7443523.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
414
359
7443538.SQ.FTS.B
,
Zero
Cpn
,
7/28/25
...
4,165
4,059
7444163.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
1,035
1,011
7444181.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
1,104
1,083
7444315.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
12,342
11,996
7445544.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
723
714
7445629.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
1,489
1,257
7445696.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
1,487
1,470
7446581.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
3,724
3,231
7446704.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
3,698
3,569
7446808.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
28,280
27,086
7447608.SQ.FTS.B
,
Zero
Cpn
,
7/29/25
...
5,699
5,540
7447727.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
12,096
7,141
7448168.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
782
764
7448292.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
2,737
2,655
7449054.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
18,975
18,512
7449674.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
5,929
871
7450217.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
5,030
4,885
7450341.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
1,692
1,642
7450385.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
16,744
15,988
7450836.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
294
291
7450843.SQ.FTS.B
,
Zero
Cpn
,
7/30/25
...
380
284
7451190.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
3,248
3,105
7451238.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
3,137
3,046
7451527.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
2,832
2,778
7451725.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
17,208
16,301
7452565.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
28,655
27,964
7453174.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
5,388
5,259
7453402.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
4,734
4,596
7453555.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
3,062
3,000
7453701.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
3,358
3,292
7453953.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
4,065
3,947
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7454083.SQ.FTS.B
,
Zero
Cpn
,
7/31/25
...
$
1,452
$
1,146
7456232.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
1,044
1,022
7456391.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
1,497
1,448
7456506.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
659
649
7456558.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
2,277
966
7456604.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
7,980
5,612
7456866.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
1,143
1,129
7457066.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
8,759
6,752
7457540.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
527
508
7457600.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
6,368
6,281
7458051.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
2,788
2,751
7458281.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
7,644
751
7458414.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
317
314
7458970.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
8,524
8,330
7459192.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
2,982
19
7459244.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
912
856
7459286.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
8,119
7,847
7459663.SQ.FTS.B
,
Zero
Cpn
,
8/01/25
...
2,549
2,477
7459895.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
2,866
2,519
7460112.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
609
604
7461094.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
1,075
1,060
7461204.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
583
464
7461360.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
702
691
7461384.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
1,055
788
7461398.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
2,753
1,039
7461465.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
3,264
2,188
7461512.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
4,488
3,323
7461553.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
2,578
2,484
7461672.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
5,962
5,866
7461863.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
566
383
7461871.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
11,515
11,315
7462647.SQ.FTS.B
,
Zero
Cpn
,
8/02/25
...
3,894
3,741
7462735.SQ.FTS.B
,
Zero
Cpn
,
8/03/25
...
2,188
2,129
7462809.SQ.FTS.B
,
Zero
Cpn
,
8/03/25
...
42,152
40,774
7464052.SQ.FTS.B
,
Zero
Cpn
,
8/04/25
...
15,852
15,378
7464363.SQ.FTS.B
,
Zero
Cpn
,
8/04/25
...
4,392
4,087
7464515.SQ.FTS.B
,
Zero
Cpn
,
8/04/25
...
6,418
6,096
7464926.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
6,735
996
7465024.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
7,388
7,197
7465427.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
2,401
1,708
7465684.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
3,135
3,044
7466019.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
4,258
4,138
7466258.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
910
869
7466314.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
2,869
2,639
7466474.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
3,183
3,043
7466592.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
1,742
1,676
7466645.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
3,812
3,740
7466822.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
1,002
990
7466854.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
13,008
5,932
7467012.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
1,219
1,028
7467043.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
575
557
7467058.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
4,744
4,328
7467174.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
1,084
701
7467190.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
2,228
2,189
7467225.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
9,088
8,829
7467572.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
8,174
7,962
7467854.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
2,902
2,524
7467944.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
1,264
1,228
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)
7468014.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
$
1,802
$
1,718
7468055.SQ.FTS.B
,
Zero
Cpn
,
8/05/25
...
28,750
27,477
7468723.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
5,165
4,951
7470121.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
2,340
2,250
7470814.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
14,117
13,803
7471476.SQ.FTS.B
,
Zero
Cpn
,
8/06/25
...
1,229
1,199
7471655.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
8,857
8,381
7471926.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
500
492
7471939.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
16,145
15,564
7472709.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
9,825
9,340
7472913.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
3,415
3,369
7473053.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
37,601
31,678
7473568.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
6,153
6,003
7474742.SQ.FTS.B
,
Zero
Cpn
,
8/07/25
...
2,855
598
7476877.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
25,051
24,308
7478115.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
2,401
895
7478148.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
1,330
1,299
7478188.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
962
949
7478245.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
4,938
3,086
7478314.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
33,370
6,858
7478767.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
1,077
993
7479042.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
2,478
2,439
7479092.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
835
576
7479113.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
566
558
7479131.SQ.FTS.B
,
Zero
Cpn
,
8/08/25
...
18,402
17,745
7480273.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
23,163
22,074
7481668.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
852
830
7481690.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
6,188
5,998
7481823.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
13,312
12,889
7482168.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
737
709
7482232.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
644
627
7482244.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
1,489
1,412
7482274.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
7,877
7,707
7482809.SQ.FTS.B
,
Zero
Cpn
,
8/09/25
...
15,500
15,140
7484096.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
3,740
3,571
7484189.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
16,019
14,231
7484471.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
1,338
998
7484514.SQ.FTS.B
,
Zero
Cpn
,
8/11/25
...
12,442
12,253
7485386.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
6,846
1,162
7485659.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
938
900
7485847.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
1,551
1,519
7485949.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
5,926
5,842
7486310.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
12,157
11,859
7486700.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
2,206
2,154
7486727.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
1,765
1,401
7486754.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
406
396
7486772.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
26,345
25,653
7487370.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
616
595
7487397.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
16,726
16,329
7487839.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
2,296
2,250
7487915.SQ.FTS.B
,
Zero
Cpn
,
8/12/25
...
41,292
35,483
7488367.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
5,883
5,791
7489288.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
7,873
7,761
7489972.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
13,167
11,954
7490319.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
24,076
22,146
7490860.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
9,236
1,843
7491011.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
851
173
7491096.SQ.FTS.B
,
Zero
Cpn
,
8/13/25
...
30,819
30,286
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7492036.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
$
477
$
468
7492149.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
9,532
9,332
7492564.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
10,810
8,879
7493166.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
6,072
5,915
7493445.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
5,160
3,136
7493533.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
2,957
2,859
7493663.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
456
447
7493693.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
6,127
5,913
7493868.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
2,569
2,269
7493998.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
17,807
15,334
7494332.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
5,414
5,351
7494646.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
1,960
1,880
7494742.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
2,741
2,680
7494967.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
44
35
7494978.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
2,609
2,537
7495215.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
11,465
8,297
7495531.SQ.FTS.B
,
Zero
Cpn
,
8/14/25
...
28,307
27,500
7500412.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
904
893
7500489.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
1,100
1,068
7500546.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
4,101
3,921
7500684.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
365
340
7501683.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
3,668
3,577
7502046.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
13,223
12,737
7502359.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
12,737
12,450
7502720.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
1,368
1,342
7502755.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
6,175
5,885
7502831.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
9,493
9,259
7503077.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
5,648
998
7503563.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
4,799
4,689
7503959.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
2,559
2,485
7504041.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
857
618
7504047.SQ.FTS.B
,
Zero
Cpn
,
8/15/25
...
21,580
20,846
7504528.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
4,632
4,345
7504978.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
10,422
10,183
7505604.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
4,612
4,522
7506371.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
2,356
1,340
7506425.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
4,009
3,914
7507182.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
1,194
1,129
7507222.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
1,681
1,651
7507303.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
5,379
5,264
7507480.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
3,681
3,589
7507529.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
4,542
4,354
7507718.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
5,202
5,012
7507896.SQ.FTS.B
,
Zero
Cpn
,
8/16/25
...
9,266
8,998
7508857.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
374
364
7508988.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
8,703
7,992
7509164.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
1,876
1,813
7509485.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
5,746
5,519
7509634.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
5,024
4,817
7509745.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
1,641
1,524
7509789.SQ.FTS.B
,
Zero
Cpn
,
8/17/25
...
11,543
11,341
7510155.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
7,961
7,582
7510461.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
3,278
1,119
7510503.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
2,218
2,090
7510547.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
5,334
5,210
7510656.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
3,987
3,829
7510756.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
5,558
5,424
7510920.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
5,535
5,340
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)
7511037.SQ.FTS.B
,
Zero
Cpn
,
8/18/25
...
$
4,973
$
4,903
7511244.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
4,054
3,917
7511473.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
2,580
2,480
7511573.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
46,838
45,006
7512260.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
194
193
7512315.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
4,111
3,913
7512384.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
1,597
1,582
7512538.SQ.FTS.B
,
Zero
Cpn
,
8/19/25
...
16,403
15,649
7512941.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
8,067
7,575
7513040.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
1,112
1,088
7513049.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
4,129
4,032
7513664.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
4,836
4,429
7513911.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
2,534
2,332
7513968.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
524
496
7513981.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
21,078
20,641
7514529.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
1,324
1,300
7514593.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
12,958
12,803
7514996.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
2,038
1,991
7515032.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
4,447
4,178
7515105.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
696
670
7515133.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
12,777
11,984
7515365.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
5,091
4,899
7515681.SQ.FTS.B
,
Zero
Cpn
,
8/20/25
...
38,332
36,410
7516512.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
3,726
3,575
7516707.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
2,943
633
7516742.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
16,721
16,336
7517685.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
3,479
3,274
7517826.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
8,218
8,108
7518224.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
2,584
2,513
7518279.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
1,159
690
7518657.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
35,185
32,975
7519347.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
7,348
7,175
7519545.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
837
826
7519572.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
2,528
2,463
7519624.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
2,117
2,033
7519671.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
2,233
2,185
7519753.SQ.FTS.B
,
Zero
Cpn
,
8/21/25
...
7,942
7,810
7521805.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
8,958
8,595
7522111.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
6,304
6,053
7522282.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
2,075
2,059
7522649.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
2,514
2,464
7523139.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
10,400
10,199
7523812.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
1,910
1,845
7523965.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
8,144
8,023
7524290.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
2,808
2,726
7524489.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
6,646
6,340
7524572.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
26,710
25,936
7525298.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
15,425
15,015
7525770.SQ.FTS.B
,
Zero
Cpn
,
8/22/25
...
14,313
14,019
7526086.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
1,805
1,728
7526223.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
4,385
3,836
7526404.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
5,389
4,761
7526747.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
720
697
7526787.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
1,283
1,262
7527338.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
718
690
7527430.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
1,307
1,197
7527481.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
4,919
500
7527745.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
414
340
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7527754.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
$
3,706
$
3,565
7527949.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
3,461
3,399
7528062.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
658
637
7528450.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
373
360
7528460.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
6,122
5,916
7528609.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
2,565
2,184
7528647.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
2,526
2,450
7528697.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
5,557
5,456
7528939.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
8,206
7,980
7529246.SQ.FTS.B
,
Zero
Cpn
,
8/23/25
...
28,853
28,390
7529703.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
3,799
2,893
7529757.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
22,285
7,025
7530132.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
3,914
3,605
7530204.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
620
596
7530224.SQ.FTS.B
,
Zero
Cpn
,
8/24/25
...
3,514
3,173
7530328.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
3,350
3,262
7530429.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
955
811
7530460.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
13,125
12,564
7530753.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
4,535
4,449
7530872.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
1,847
1,792
7530955.SQ.FTS.B
,
Zero
Cpn
,
8/25/25
...
6,146
5,640
7531647.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
1,008
987
7531725.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
14,848
14,483
7532697.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
994
943
7532803.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
3,582
1,383
7532902.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
717
620
7532927.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
5,119
5,016
7533668.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
791
763
7533844.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
1,059
1,016
7533882.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
8,008
7,755
7534105.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
7,754
7,103
7534222.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
3,893
3,315
7534319.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
8,795
8,624
7534581.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
18,554
18,333
7535724.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
667
626
7535759.SQ.FTS.B
,
Zero
Cpn
,
8/26/25
...
1,639
1,613
7536001.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
408
397
7536011.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
5,991
5,854
7536218.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
1,609
1,458
7536249.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
4,101
461
7536350.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
3,520
3,359
7536551.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
23,904
22,477
7537805.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
30,222
29,227
7538544.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
13,785
12,198
7538783.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
1,838
1,784
7538831.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
3,522
3,419
7539480.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
654
641
7539538.SQ.FTS.B
,
Zero
Cpn
,
8/27/25
...
10,860
9,708
7539851.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
5,110
4,970
7540141.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
1,941
1,847
7540350.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
51,978
49,014
7542122.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
2,313
224
7542196.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
26,474
24,889
7543131.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
1,019
1,002
7543238.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
2,069
2,033
7543351.SQ.FTS.B
,
Zero
Cpn
,
8/28/25
...
15,249
14,704
7546106.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
2,636
2,584
7546728.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
11,477
11,262
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)
7548215.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
$
21,056
$
19,411
7548784.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
1,952
1,513
7549125.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
1,643
1,565
7549172.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
618
600
7549195.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
448
395
7549210.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
1,324
1,308
7549349.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
2,920
2,854
7549575.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
2,946
2,854
7549763.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
744
722
7549794.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
4,903
4,718
7550055.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
10,726
10,272
7550323.SQ.FTS.B
,
Zero
Cpn
,
8/29/25
...
28,358
27,222
7550424.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
2,300
2,254
7550614.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
1,466
1,087
7550662.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
492
481
7550911.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
3,552
3,464
7551061.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
5,444
5,386
7551827.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
10,201
9,707
7552349.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
9,701
9,432
7552618.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
2,810
2,481
7552685.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
57,593
55,568
7554193.SQ.FTS.B
,
Zero
Cpn
,
9/01/25
...
9,186
9,062
7554508.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
6,277
6,091
7554667.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
2,322
2,061
7554714.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
1,866
1,767
7554763.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
11,800
11,610
7555295.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
9,582
9,219
7555578.SQ.FTS.B
,
Zero
Cpn
,
9/02/25
...
1,138
1,125
7555665.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
10,354
9,934
7555997.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
3,673
2,731
7556110.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
908
899
7556166.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
7,864
7,623
7556443.SQ.FTS.B
,
Zero
Cpn
,
9/03/25
...
1,544
1,495
7557781.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
1,411
1,378
7557901.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
1,955
1,924
7558147.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
1,938
1,878
7558607.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
7,698
7,543
7559029.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
43,625
41,773
7560321.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
1,388
1,271
7560511.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
3,465
3,249
7560645.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
487
351
7560813.SQ.FTS.B
,
Zero
Cpn
,
9/04/25
...
5,336
5,133
7560996.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
3,358
3,236
7561266.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
10,704
10,249
7561634.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
23,116
22,162
7562519.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
8,154
7,822
7562843.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
1,880
1,849
7562885.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
8,387
6,137
7563048.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
474
335
7563058.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
7,205
7,054
7563355.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
4,194
4,068
7563453.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
53,614
49,564
7564343.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
1,409
1,240
7564507.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
4,519
4,436
7564634.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
4,255
4,082
7564687.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
1,213
1,189
7564723.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
5,691
5,488
7564897.SQ.FTS.B
,
Zero
Cpn
,
9/05/25
...
3,620
3,551
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7565054.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
$
1,284
$
1,255
7565355.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
3,056
2,927
7565470.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
1,530
1,487
7565514.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
1,732
1,462
7565576.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
1,933
1,876
7565626.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
10,115
9,614
7565835.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
15,139
14,775
7566454.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
872
800
7566473.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
1,223
1,159
7566502.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
4,815
3,809
7566683.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
9,617
9,328
7566892.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
12,685
11,224
7567247.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
19,627
18,638
7567689.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
12,187
11,869
7567979.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
11,059
10,660
7568304.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
4,107
4,033
7568432.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
472
467
7568458.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
8,708
8,514
7568624.SQ.FTS.B
,
Zero
Cpn
,
9/06/25
...
6,691
6,306
7571315.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
1,631
1,587
7571356.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
26,916
22,108
7571626.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
7,361
7,126
7571798.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
16,192
11,735
7572337.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
1,946
1,676
7572383.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
19,942
18,806
7573520.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
12,241
12,009
7573833.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
1,383
1,361
7573856.SQ.FTS.B
,
Zero
Cpn
,
9/07/25
...
33,185
32,270
7574770.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
20,965
20,024
7576846.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
31,489
30,357
7577292.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
13,906
13,521
7577861.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
6,262
6,035
7578016.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
5,322
5,097
7578081.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
1,752
1,729
7578294.SQ.FTS.B
,
Zero
Cpn
,
9/08/25
...
3,652
3,434
7578410.SQ.FTS.B
,
Zero
Cpn
,
9/09/25
...
12,033
11,780
7578744.SQ.FTS.B
,
Zero
Cpn
,
9/09/25
...
1,424
1,185
7579126.SQ.FTS.B
,
Zero
Cpn
,
9/09/25
...
3,254
3,059
7579215.SQ.FTS.B
,
Zero
Cpn
,
9/09/25
...
10,694
10,240
7579451.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
1,161
1,150
7579584.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
3,299
3,205
7579763.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
1,703
1,688
7579886.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
1,254
1,222
7580080.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
7,136
6,202
7580308.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
1,192
1,049
7580356.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
510
503
7580380.SQ.FTS.B
,
Zero
Cpn
,
9/10/25
...
1,731
1,525
7580559.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
478
465
7580581.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
1,203
1,148
7580618.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
1,911
1,778
7580654.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
10,746
10,515
7581381.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
1,690
1,630
7581478.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
2,030
1,993
7581677.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
7,451
7,250
7581984.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
127
123
7583029.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
8,923
8,716
7583915.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
1,788
1,740
7584006.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
2,356
2,078
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)
7584085.SQ.FTS.B
,
Zero
Cpn
,
9/11/25
...
$
2,090
$
2,034
7584366.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
8,223
8,016
7584814.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
146
142
7584863.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
21,314
10,066
7585483.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
8,432
8,180
7585818.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
3,075
2,980
7585994.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
23,153
19,088
7586465.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
6,232
6,042
7586626.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
1,817
1,660
7586653.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
32,231
31,380
7587250.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
2,616
2,520
7587304.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
2,901
2,836
7587356.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
2,452
2,067
7587403.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
1,015
986
7587451.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
1,879
1,794
7587494.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
14,045
13,614
7587754.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
4,690
4,623
7587908.SQ.FTS.B
,
Zero
Cpn
,
9/12/25
...
8,530
6,484
7588141.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
3,750
3,666
7588211.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
541
261
7588214.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
7,339
7,143
7588476.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
2,918
2,797
7588555.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
804
145
7588583.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,982
1,926
7588655.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
4,992
4,801
7588897.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,481
1,420
7588976.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
720
707
7589012.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
6,424
6,336
7589355.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,218
702
7589431.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
4,983
2,596
7589657.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,477
1,436
7589717.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,278
1,244
7589738.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,363
1,284
7589770.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
33,357
31,638
7590250.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
2,953
2,891
7590297.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
5,193
5,031
7590335.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
2,231
2,169
7590349.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
2,108
2,021
7590362.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,262
1,228
7590383.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
1,101
1,076
7590426.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
5,440
5,374
7590555.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
283
275
7590558.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
11,758
11,548
7590816.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
463
372
7590831.SQ.FTS.B
,
Zero
Cpn
,
9/13/25
...
5,658
5,561
7593175.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
1,256
1,180
7593312.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
19,048
18,733
7593928.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
7,834
7,451
7594305.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
1,094
906
7594369.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
2,486
2,398
7594561.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
16,673
16,204
7595073.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
3,013
2,896
7595152.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
10,434
10,113
7595360.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
2,253
2,146
7595375.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
3,714
3,606
7595428.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
4,479
4,319
7595512.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
33,447
32,735
7596445.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
2,544
2,427
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7596619.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
$
392
$
371
7596656.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
6,698
6,426
7596868.SQ.FTS.B
,
Zero
Cpn
,
9/14/25
...
3,330
3,218
7597172.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
389
339
7597206.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
4,816
4,692
7597366.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
22,451
21,876
7598449.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
28,996
28,008
7598984.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
15,044
12,583
7599124.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
3,375
2,635
7599157.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
14,129
13,609
7599801.SQ.FTS.B
,
Zero
Cpn
,
9/15/25
...
15,736
15,202
7599947.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
13,128
12,474
7600240.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
2,186
2,118
7600354.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
1,494
1,408
7600381.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
1,304
1,280
7600423.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
2,272
2,219
7600507.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
16,716
16,305
7600838.SQ.FTS.B
,
Zero
Cpn
,
9/16/25
...
4,460
4,414
7601104.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
3,799
3,699
7601177.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
1,329
1,281
7601211.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
3,295
2,818
7601274.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
2,753
2,699
7601396.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
901
867
7601419.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
4,444
4,233
7601615.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
2,057
1,902
7601652.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
1,371
1,347
7601699.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
1,724
1,658
7601738.SQ.FTS.B
,
Zero
Cpn
,
9/17/25
...
1,829
1,185
7602127.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
3,706
3,589
7602187.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
637
626
7602196.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
3,617
3,317
7602306.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
3,171
3,061
7602429.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
23,561
22,814
7603549.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
2,061
1,133
7603590.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
2,334
2,266
7603660.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
2,626
2,593
7603817.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
7,536
7,327
7604100.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
4,969
4,770
7604268.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
4,088
3,971
7604367.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
1,713
1,672
7604419.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
308
239
7604448.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
1,863
1,785
7604491.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
6,559
4,351
7604587.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
5,665
5,522
7604736.SQ.FTS.B
,
Zero
Cpn
,
9/18/25
...
1,073
1,048
7605865.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
3,265
3,200
7606041.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
4,571
4,464
7606209.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
9,390
7,580
7606507.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
910
863
7606547.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
4,036
3,934
7606842.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
4,534
4,407
7606959.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
466
429
7606974.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
6,723
6,405
7607183.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
3,435
3,002
7607251.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
3,297
3,232
7607330.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
1,583
1,502
7607357.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
10,844
10,195
7607604.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
1,941
1,892
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)
7607629.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
$
2,606
$
2,538
7607663.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
5,957
5,753
7607719.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
1,585
1,559
7607761.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
730
649
7607769.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
1,768
1,694
7607799.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
9,524
9,306
7608108.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
1,474
683
7608128.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
3,478
3,333
7608213.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
10,405
10,104
7608382.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
30,154
29,699
7609168.SQ.FTS.B
,
Zero
Cpn
,
9/19/25
...
699
685
7609354.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
3,354
3,204
7609464.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
7,040
6,867
7609861.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
710
315
7609893.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
11,352
11,081
7610390.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
821
752
7610441.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
3,262
3,024
7610524.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
2,778
2,559
7610598.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
21,046
18,287
7610911.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
13,873
11,254
7611066.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
1,179
1,156
7611123.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
5,015
4,759
7611237.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
1,019
984
7611257.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
1,175
1,067
7611276.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
9,779
9,492
7611418.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
1,266
45
7611671.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
466
375
7611675.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
4,434
3,927
7611749.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
15,073
14,562
7611976.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
9,691
9,366
7612104.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
914
899
7612120.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
1,302
1,211
7612144.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
1,655
1,590
7612174.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
1,968
1,897
7612216.SQ.FTS.B
,
Zero
Cpn
,
9/20/25
...
7,190
6,943
7614490.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
737
706
7614705.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
1,196
1,160
7614796.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
320
316
7614867.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
3,634
3,478
7615195.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
5,617
5,309
7615548.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
3,923
3,743
7615637.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
15,712
14,897
7616265.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
11,148
10,949
7616461.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
9,188
8,758
7616722.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
3,427
3,287
7616765.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
32,905
31,661
7617312.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
1,865
809
7617327.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
40,034
32,633
7617805.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
1,841
1,482
7617851.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
5,093
4,866
7617917.SQ.FTS.B
,
Zero
Cpn
,
9/21/25
...
7,527
7,337
7618126.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
496
493
7618615.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
3,009
2,870
7618915.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
4,705
4,135
7619208.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
2,903
2,814
7619384.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
4,843
4,702
7619521.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
2,230
2,145
7619618.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
5,398
4,588
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7619796.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
$
4,008
$
3,961
7619999.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
707
597
7620015.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
16,254
15,768
7620569.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
7,192
1,649
7620711.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
1,131
935
7620735.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
6,985
6,783
7620881.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
4,355
4,175
7621018.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
6,487
6,227
7621147.SQ.FTS.B
,
Zero
Cpn
,
9/22/25
...
10,128
9,980
7621259.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
549
514
7621281.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
3,283
3,190
7621346.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
1,331
1,227
7621436.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
3,836
3,720
7621510.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
1,257
1,231
7621541.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
1,258
957
7621564.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
13,421
12,832
7621763.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
10,533
10,242
7621935.SQ.FTS.B
,
Zero
Cpn
,
9/23/25
...
18,014
15,886
7622285.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
3,411
3,069
7622342.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
770
519
7622379.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
3,612
3,537
7622553.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
3,185
3,082
7622777.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
2,303
2,243
7622832.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
6,147
4,952
7622928.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
819
806
7622953.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
2,997
2,883
7623010.SQ.FTS.B
,
Zero
Cpn
,
9/24/25
...
2,322
1,551
7623320.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
1,561
1,520
7623372.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
987
974
7623408.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
6,787
6,666
7623864.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
5,560
5,282
7624139.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
833
815
7624158.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
8,899
8,719
7624500.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
4,163
3,976
7625481.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
36,849
31,540
7626430.SQ.FTS.B
,
Zero
Cpn
,
9/25/25
...
5,470
5,356
7626562.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
2,227
1,890
7627820.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
1,577
1,229
7627911.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
5,916
5,615
7628118.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
2,645
2,109
7628162.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
506
492
7628170.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
6,655
6,534
7628364.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
9,439
9,141
7628517.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
12,956
12,433
7628791.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
24,428
23,660
7629269.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
3,239
3,160
7629381.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
10,152
9,847
7629647.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
5,236
5,027
7629744.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
3,822
3,741
7629887.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
1,263
1,196
7629910.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
9,410
8,774
7630120.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
286
281
7630126.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
3,455
2,925
7630281.SQ.FTS.B
,
Zero
Cpn
,
9/26/25
...
1,554
1,505
7630315.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
2,251
2,219
7630432.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
21,188
20,648
7631077.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
520
511
7631160.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
2,899
2,757
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)
7631227.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
$
6,870
$
6,658
7631377.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
5,363
5,221
7632269.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
9,694
9,498
7632487.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
39
39
7632497.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
11,838
11,346
7632770.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
13,762
13,216
7633058.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
4,163
3,994
7633143.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
11,554
11,324
7633393.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
2,484
2,421
7633493.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
3,292
2,774
7633539.SQ.FTS.B
,
Zero
Cpn
,
9/27/25
...
8,305
7,733
7635785.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
6,648
6,426
7636007.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
1,534
1,070
7636061.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
11,820
11,506
7636792.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
1,936
1,899
7636866.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
2,460
2,408
7636998.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
1,866
1,667
7637054.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
11,265
10,749
7637379.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
4,058
3,788
7637440.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
325
307
7637460.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
6,118
5,433
7637677.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
32,732
31,711
7638496.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
7,432
7,276
7638871.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
1,559
1,368
7638920.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
2,024
1,089
7638946.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
13,359
12,916
7639345.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
890
875
7639363.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
1,684
1,643
7639388.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
563
484
7639410.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
3,739
3,469
7639525.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
2,459
2,382
7639579.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
1,468
1,064
7639605.SQ.FTS.B
,
Zero
Cpn
,
9/28/25
...
8,631
8,456
7639750.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
1,773
1,422
7639826.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
6,698
6,472
7640370.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
2,827
2,735
7640549.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
5,867
5,676
7640815.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
3,714
3,599
7641180.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
4,577
4,440
7641373.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
1,888
1,855
7641597.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
3,764
3,720
7641799.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
2,990
2,889
7641906.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
30,055
27,357
7642419.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
7,496
7,301
7642626.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
5,392
5,202
7642769.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
1,079
1,031
7642787.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
3,288
3,081
7642888.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
10,397
9,035
7643182.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
1,721
1,678
7643287.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
2,375
2,152
7643344.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
1,008
962
7643394.SQ.FTS.B
,
Zero
Cpn
,
9/29/25
...
22,814
22,427
7643470.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
6,988
6,771
7643697.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
1,946
1,892
7643750.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
1,773
1,704
7643781.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
1,880
1,765
7643914.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
12,754
12,380
7644312.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
9,823
8,757
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7644545.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
$
21,669
$
16,964
7645285.SQ.FTS.B
,
Zero
Cpn
,
9/30/25
...
5,040
4,959
7645735.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
497
485
7645813.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
946
193
7645870.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
11,622
11,258
7647526.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
14,425
14,147
7648107.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
16,603
15,038
7648585.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
2,810
2,756
7648709.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
4,088
3,698
7648874.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
2,618
2,547
7649023.SQ.FTS.B
,
Zero
Cpn
,
10/01/25
..
9,523
9,178
7649639.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
6,102
5,603
7649865.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
2,016
1,991
7649988.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
4,661
4,441
7650164.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
883
796
7650248.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
2,814
2,682
7650453.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
2,158
2,105
7650943.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
12,824
11,867
7651482.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
7,536
7,016
7651705.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
1,992
1,953
7651790.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
42
41
7651792.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
14,865
14,354
7652073.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
28,299
27,483
7653005.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
2,767
2,124
7653050.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
35,294
33,664
7653830.SQ.FTS.B
,
Zero
Cpn
,
10/02/25
..
1,610
1,592
7653967.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
1,868
1,769
7654037.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
27,597
26,918
7655257.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
28,508
27,093
7655826.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
4,453
4,388
7656099.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
14,359
13,984
7656528.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
1,371
1,293
7656556.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
8,441
8,003
7656711.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
4,231
3,590
7656805.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
8,795
8,514
7657081.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
5,146
5,040
7657242.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
1,665
1,592
7657269.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
11,518
11,179
7657540.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
4,443
1,369
7657597.SQ.FTS.B
,
Zero
Cpn
,
10/03/25
..
8,519
8,133
7659774.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
2,774
2,583
7659875.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
436
285
7659887.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
3,030
2,592
7660264.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
18,823
18,050
7660990.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
22,619
20,231
7661564.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
1,188
1,124
7661595.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
2,249
2,138
7661730.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
23,766
22,637
7662217.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
4,823
3,843
7662304.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
61,110
59,491
7663594.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
1,711
1,641
7663637.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
3,003
2,928
7663716.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
3,569
3,397
7663786.SQ.FTS.B
,
Zero
Cpn
,
10/04/25
..
15,351
14,611
7664448.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
754
736
7664462.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
2,096
1,996
7665222.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
3,798
3,716
7665345.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
680
669
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)
7665377.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
$
642
$
632
7665427.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
4,662
4,513
7665718.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
17,323
13,050
7666168.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
3,672
3,306
7666278.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
1,620
1,576
7666333.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
31,591
30,666
7667040.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
4,718
4,488
7667122.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
10,062
8,966
7667343.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
1,280
1,017
7667434.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
3,591
3,525
7667536.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
8,547
8,357
7667738.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
5,363
5,152
7667847.SQ.FTS.B
,
Zero
Cpn
,
10/05/25
..
890
808
7667877.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
1,466
1,436
7667933.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
34,644
10,505
7668617.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
3,020
2,952
7668773.SQ.FTS.B
,
Zero
Cpn
,
10/06/25
..
1,487
902
7668989.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
2,359
2,294
7669086.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
12,108
11,610
7669373.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
5,181
5,091
7669539.SQ.FTS.B
,
Zero
Cpn
,
10/07/25
..
7,595
7,246
7670094.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
7,023
6,865
7670642.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
928
911
7670758.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
3,094
2,961
7671011.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
418
121
7671209.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
16,970
16,281
7671787.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
4,388
4,202
7671923.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
5,048
4,071
7672033.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
11,625
10,379
7672574.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
6,824
5,758
7672835.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
7,631
7,474
7673124.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
2,490
2,400
7673194.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
4,663
4,487
7673355.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
4,166
3,855
7673435.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
1,038
1,015
7673474.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
1,697
1,668
7673573.SQ.FTS.B
,
Zero
Cpn
,
10/08/25
..
5,674
5,259
7673616.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
14,518
14,100
7674163.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
12,359
11,590
7674704.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
557
547
7674741.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
1,236
1,064
7674807.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
1,563
1,522
7674912.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
1,373
1,352
7674982.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
3,490
3,395
7675118.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
569
559
7675149.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
4,992
4,482
7675272.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
7,151
6,968
7675427.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
3,132
3,063
7675548.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
2,436
2,357
7675579.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
1,624
1,595
7675955.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
2,711
2,649
7676029.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
2,372
2,273
7676081.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
1,796
1,744
7676122.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
2,689
2,571
7676186.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
786
762
7676203.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
627
615
7676230.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
27,252
26,434
7676986.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
3,144
3,061
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7677059.SQ.FTS.B
,
Zero
Cpn
,
10/09/25
..
$
26,512
$
25,559
7677246.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
1,954
1,932
7677613.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
5,239
4,469
7677812.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
527
511
7677832.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
11,663
11,434
7678592.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
38,306
36,707
7679766.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
3,317
3,242
7679832.SQ.FTS.B
,
Zero
Cpn
,
10/10/25
..
48,394
46,438
7682300.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
2,716
2,638
7682410.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
15,726
15,166
7683127.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
2,238
1,152
7683197.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
2,152
2,117
7683322.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
5,879
2,424
7683502.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
546
377
7683518.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
3,630
3,529
7683706.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
7,304
6,389
7683899.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
67,153
62,663
7685453.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
2,813
2,702
7685513.SQ.FTS.B
,
Zero
Cpn
,
10/11/25
..
25,317
24,623
7686059.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
1,602
1,526
7686198.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
4,498
3,667
7686421.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
3,231
3,108
7686514.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
8,828
8,573
7687178.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
10,964
8,201
7687505.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
380
356
7687750.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
1,202
1,165
7687803.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
10,171
9,971
7688253.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
30,178
29,512
7689138.SQ.FTS.B
,
Zero
Cpn
,
10/12/25
..
18,513
17,824
7689293.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
4,119
3,975
7689371.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
5,436
5,270
7689469.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
6,049
5,839
7689601.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
578
573
7689627.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
12,060
11,642
7689857.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
7,010
6,861
7690074.SQ.FTS.B
,
Zero
Cpn
,
10/13/25
..
4,541
4,263
7690162.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
11,854
9,421
7690387.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
3,755
3,680
7690511.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
1,054
757
7690525.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
5,828
5,573
7690594.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
3,129
2,964
7690656.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
2,424
2,375
7690720.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
1,525
1,459
7690754.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
2,663
2,606
7690814.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
2,429
2,336
7690870.SQ.FTS.B
,
Zero
Cpn
,
10/14/25
..
13,174
12,412
7691637.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
3,964
3,513
7691830.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
1,424
1,336
7691925.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
3,213
2,035
7692013.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
5,977
5,502
7692227.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
2,384
2,279
7692302.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
12,475
11,582
7692563.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
1,174
1,121
7692666.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
983
874
7692692.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
1,013
976
7692735.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
2,489
2,432
7692826.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
10,911
10,711
7693126.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
3,503
3,405
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)
7693227.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
$
7,147
$
6,992
7693405.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
2,513
2,387
7693460.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
2,504
2,143
7693492.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
29,418
26,202
7693971.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
13,456
12,602
7694275.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
4,066
3,324
7694390.SQ.FTS.B
,
Zero
Cpn
,
10/15/25
..
23,223
20,652
7695254.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
1,547
1,470
7695295.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
5,588
5,015
7695489.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
648
570
7695517.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
644
630
7695534.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
6,566
5,969
7695718.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
4,969
4,753
7695846.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
5,172
4,588
7696027.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
10,224
9,960
7696233.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
1,086
1,079
7696304.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
4,587
4,278
7696384.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
9,182
8,855
7696585.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
6,260
6,012
7696704.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
2,152
2,073
7696775.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
2,449
2,339
7696814.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
14,062
13,807
7697279.SQ.FTS.B
,
Zero
Cpn
,
10/16/25
..
18,695
17,879
7697595.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
3,554
3,301
7697716.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
9,632
1,021
7697915.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
1,760
1,710
7697987.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
2,993
2,933
7698140.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
11,889
11,253
7698556.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
3,337
3,174
7698643.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
2,456
2,376
7698716.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
3,326
3,251
7698820.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
1,344
1,309
7698853.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
11,682
11,310
7699047.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
3,283
3,227
7699550.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
9,306
8,225
7699696.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
36,506
33,049
7700190.SQ.FTS.B
,
Zero
Cpn
,
10/17/25
..
6,374
5,704
7701772.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
2,756
2,559
7701828.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
2,614
2,487
7702244.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
2,277
1,942
7702400.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
1,786
1,680
7702437.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
4,957
4,765
7702604.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
2,876
2,436
7702698.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
990
976
7702787.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
40,758
39,368
7703816.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
1,903
1,836
7703868.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
511
486
7703885.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
3,575
3,032
7704012.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
1,251
1,226
7704065.SQ.FTS.B
,
Zero
Cpn
,
10/18/25
..
1,975
1,918
7704455.SQ.FTS.B
,
Zero
Cpn
,
10/19/25
..
452
444
7705039.SQ.FTS.B
,
Zero
Cpn
,
10/19/25
..
15,373
14,208
7705505.SQ.FTS.B
,
Zero
Cpn
,
10/19/25
..
2,994
2,909
7705618.SQ.FTS.B
,
Zero
Cpn
,
10/19/25
..
3,273
2,955
7705667.SQ.FTS.B
,
Zero
Cpn
,
10/19/25
..
16,974
16,685
7706301.SQ.FTS.B
,
Zero
Cpn
,
10/19/25
..
18,461
17,839
7706766.SQ.FTS.B
,
Zero
Cpn
,
10/20/25
..
2,367
2,314
7706826.SQ.FTS.B
,
Zero
Cpn
,
10/20/25
..
1,832
1,747
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7706860.SQ.FTS.B
,
Zero
Cpn
,
10/20/25
..
$
27,289
$
24,504
7707326.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
1,449
1,047
7707353.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
2,782
2,702
7707410.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
4,338
4,056
7707481.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
1,118
1,105
7707515.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
5,047
4,895
7707604.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
793
443
7707609.SQ.FTS.B
,
Zero
Cpn
,
10/21/25
..
6,254
6,125
7707955.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
626
621
7708185.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
1,755
1,676
7708336.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
2,178
2,107
7708402.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
13,401
12,594
7708642.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
1,915
1,852
7708676.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
49,875
44,714
7709235.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
1,864
1,787
7709257.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
5,738
5,576
7709387.SQ.FTS.B
,
Zero
Cpn
,
10/22/25
..
11,882
11,474
7709743.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
1,543
1,473
7709864.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
6,412
5,952
7710105.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
367
342
7710132.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
3,157
3,097
7710213.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
1,539
1,510
7710384.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
3,103
3,047
7712570.SQ.FTS.B
,
Zero
Cpn
,
10/23/25
..
20,698
19,914
7714661.SQ.FTS.B
,
Zero
Cpn
,
10/24/25
..
4,697
4,550
7721370.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
3,723
3,589
7721630.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
729
671
7721660.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
5,381
5,225
7721804.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
6,383
6,128
7722005.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
1,617
1,595
7722120.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
6,362
6,098
7722271.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
12,556
9,551
7722484.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
6,682
6,266
7722622.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
2,173
2,051
7722653.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
3,434
3,316
7722695.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
7,032
6,736
7722826.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
3,113
2,643
7722951.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
3,505
3,304
7722996.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
3,920
2,259
7723033.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
2,108
2,070
7723093.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
276
275
7723206.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
9,024
8,719
7723355.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
3,440
3,236
7723449.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
626
556
7723458.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
1,009
817
7723475.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
9,001
8,817
7723653.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
2,447
2,329
7723682.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
8,601
8,408
7723793.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
1,565
1,499
7723826.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
1,784
1,567
7723869.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
2,852
2,807
7723970.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
4,678
4,431
7724116.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
4,541
4,249
7724222.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
12,224
11,524
7724441.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
6,673
5,079
7724525.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
416
406
7724542.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
3,222
3,134
7724584.SQ.FTS.B
,
Zero
Cpn
,
10/25/25
..
4,024
3,949
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)
7724820.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
$
7,914
$
7,547
7724959.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
3,194
2,070
7725014.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,248
1,196
7725052.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
8,544
8,018
7725212.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
3,780
3,447
7725282.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
5,735
5,447
7725393.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
5,689
5,589
7725534.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
6,104
5,915
7725714.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
9,080
8,564
7725871.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
28,810
27,561
7726689.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
4,736
4,593
7726762.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
3,409
941
7726811.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
5,668
5,264
7726882.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
20,994
20,308
7727231.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
35,889
34,712
7727809.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
2,846
2,735
7727844.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
23,422
22,542
7728307.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
5,638
5,461
7728374.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,334
1,194
7728390.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
3,059
2,932
7728433.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
53,055
50,076
7729230.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
10,261
9,807
7729424.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
4,273
3,891
7729472.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
5,058
4,856
7729535.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,321
1,027
7729549.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
1,528
1,447
7729563.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
35,516
34,419
7730120.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
6,389
6,030
7730230.SQ.FTS.B
,
Zero
Cpn
,
10/26/25
..
34,511
31,967
7730552.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
9,557
9,217
7730648.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
543
526
7730655.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
1,295
1,144
7730666.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
3,379
3,136
7730693.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
1,638
1,560
7730733.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
975
953
7730747.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
19,202
18,769
7731849.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
1,543
1,462
7731893.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
5,360
5,120
7732077.SQ.FTS.B
,
Zero
Cpn
,
10/27/25
..
5,924
5,702
7732429.SQ.FTS.B
,
Zero
Cpn
,
10/28/25
..
926
849
7732469.SQ.FTS.B
,
Zero
Cpn
,
10/28/25
..
4,519
4,327
7732660.SQ.FTS.B
,
Zero
Cpn
,
10/28/25
..
12,745
12,037
7733155.SQ.FTS.B
,
Zero
Cpn
,
10/28/25
..
3,769
3,048
7733275.SQ.FTS.B
,
Zero
Cpn
,
10/28/25
..
2,849
2,648
7733410.SQ.FTS.B
,
Zero
Cpn
,
10/28/25
..
5,265
4,240
7733822.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
15,419
14,894
7736165.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
4,021
3,867
7736325.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
1,024
991
7736437.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
3,913
3,819
7737103.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
942
804
7737139.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
2,543
2,449
7737274.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
1,155
1,061
7737343.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
1,998
1,941
7737427.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
15,830
15,113
7738069.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
3,174
3,110
7738197.SQ.FTS.B
,
Zero
Cpn
,
10/29/25
..
8,092
7,048
7738358.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
37,909
34,832
7739519.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
10,740
10,337
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7740074.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
$
664
$
654
7740132.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
1,879
1,806
7740176.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
11,233
10,768
7740562.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
1,546
1,515
7740613.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
3,156
2,995
7740694.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
7,261
6,981
7740929.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
1,033
1,011
7740952.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
3,806
3,430
7741037.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
59,599
58,059
7742355.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
5,422
5,158
7742514.SQ.FTS.B
,
Zero
Cpn
,
10/30/25
..
1,504
1,462
7742681.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
17,761
16,945
7743187.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
3,787
3,451
7743262.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
1,132
1,075
7743295.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
6,460
6,228
7743634.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
3,264
3,010
7743801.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
2,412
2,307
7743923.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
5,054
4,868
7744093.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
3,303
3,190
7744266.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
1,946
1,890
7744395.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
3,244
3,089
7744495.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
7,003
6,735
7744660.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
2,279
2,206
7744702.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
2,532
636
7744755.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
7,498
7,211
7744976.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
2,902
2,798
7745038.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
45,819
38,616
7745685.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
2,461
2,258
7745716.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
2,074
1,963
7745764.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
14,154
13,616
7745988.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
6,678
6,344
7746053.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
2,448
2,359
7746103.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
29,175
27,430
7746598.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
5,496
5,011
7746674.SQ.FTS.B
,
Zero
Cpn
,
11/01/25
..
1,745
1,691
7749220.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
6,499
6,305
7749567.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
7,247
6,964
7749774.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
6,629
6,290
7750055.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
11,192
10,787
7750595.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
10,293
9,605
7750851.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
3,640
3,487
7750969.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
14,895
14,297
7751365.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
3,806
3,653
7751484.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
8,187
7,722
7751593.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
3,210
3,076
7751646.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
1,875
1,642
7751664.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
17,831
17,072
7752105.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
20,102
19,261
7752413.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
3,916
3,575
7752461.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
1,548
1,438
7752484.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
1,631
1,549
7752529.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
484
451
7752544.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
2,167
2,021
7752600.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
3,200
3,085
7752702.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
243
235
7752986.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
15,685
15,071
7753279.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
2,525
2,411
7753328.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
943
906
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)
7753372.SQ.FTS.B
,
Zero
Cpn
,
11/02/25
..
$
1,978
$
1,638
7753429.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
985
944
7753518.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
1,737
1,626
7753621.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
1,901
1,824
7753679.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
2,322
2,160
7753745.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
3,739
3,567
7753881.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
32,613
31,294
7754912.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
6,673
6,440
7755053.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
971
937
7755066.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
7,875
7,195
7755239.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
6,103
5,563
7755379.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
845
805
7755591.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
6,636
6,378
7755763.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
7,892
7,561
7755972.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
4,803
4,609
7756091.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
1,228
1,183
7756465.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
20,025
18,124
7756920.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
9,070
8,667
7757237.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
4,204
3,868
7757367.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
5,731
5,501
7757540.SQ.FTS.B
,
Zero
Cpn
,
11/03/25
..
2,731
2,602
7757554.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
2,340
2,241
7757617.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
5,664
5,361
7757753.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
4,164
3,978
7757916.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
1,083
989
7757949.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
19,819
18,663
7758598.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
1,682
1,583
7758648.SQ.FTS.B
,
Zero
Cpn
,
11/04/25
..
4,148
3,973
7758740.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
1,563
1,517
7758828.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
2,680
1,709
7758875.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
3,355
3,172
7758960.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
15,332
14,744
7759348.SQ.FTS.B
,
Zero
Cpn
,
11/05/25
..
28,358
26,763
7760251.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
1,354
1,294
7760287.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
6,714
1,854
7760582.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
2,710
2,600
7760734.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
1,583
1,517
7760831.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
1,831
1,761
7760998.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
4,767
3,946
7761595.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
4,525
4,323
7761769.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
2,776
2,625
7761857.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
16,498
15,660
7762292.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
444
431
7762356.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
9,381
9,096
7762973.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
2,647
2,567
7763236.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
8,753
7,042
7763432.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
3,504
3,321
7763604.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
630
611
7763643.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
2,087
1,994
7763737.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
1,928
1,860
7763836.SQ.FTS.B
,
Zero
Cpn
,
11/06/25
..
4,941
4,515
7763983.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
5,292
5,060
7764172.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
4,281
4,055
7764313.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
5,334
2,658
7764456.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
4,547
4,354
7764659.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
12,733
9,821
7764967.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
5,947
5,687
7765272.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
1,175
1,117
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7765431.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
$
535
$
472
7765451.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
4,411
4,249
7765563.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
3,395
3,275
7765700.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
14,519
13,932
7765980.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
16,472
15,205
7766291.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
590
514
7766305.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
18,322
17,588
7766724.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
6,513
5,182
7766819.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
20,581
19,935
7767480.SQ.FTS.B
,
Zero
Cpn
,
11/07/25
..
25,043
23,780
7768041.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
8,539
8,146
7768190.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
1,941
1,874
7768279.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
2,157
2,080
7768390.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
1,191
997
7768468.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
5,633
5,243
7768645.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
1,359
1,308
7768688.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
575
475
7768724.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
1,539
1,477
7768787.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
10,584
10,210
7769147.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
987
945
7769203.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
18,805
17,987
7769752.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
2,958
2,745
7769793.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
7,444
7,126
7769938.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
3,049
2,926
7769998.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
1,454
1,371
7770019.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
15,259
14,356
7770262.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
5,445
5,130
7770343.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
53,004
51,002
7771150.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
3,384
3,276
7771240.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
7,553
7,264
7771363.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
5,084
4,835
7771423.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
4,322
4,129
7771517.SQ.FTS.B
,
Zero
Cpn
,
11/08/25
..
6,049
5,542
7773806.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
6,000
5,779
7774012.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
2,482
2,359
7774075.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
8,365
7,375
7774364.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
3,022
2,909
7774447.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
1,361
1,297
7774494.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
2,054
1,973
7774669.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
2,250
2,148
7774739.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
1,171
1,095
7774779.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
5,190
4,742
7774955.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
1,012
933
7775527.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
19,778
19,051
7776035.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
21,618
20,386
7776535.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
1,093
1,048
7776568.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
2,500
2,395
7776611.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
1,664
1,604
7776728.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
575
554
7776761.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
8,373
7,879
7776906.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
1,902
1,820
7776931.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
9,275
8,947
7777154.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
1,921
1,779
7777228.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
2,779
2,654
7777312.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
560
359
7777338.SQ.FTS.B
,
Zero
Cpn
,
11/09/25
..
34,433
33,232
7777985.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
4,082
3,894
7778130.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
1,315
1,151
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)
7778180.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
$
5,935
$
5,602
7778336.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
1,174
1,125
7778379.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
2,143
2,018
7778432.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
2,695
2,568
7778541.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
1,915
873
7778593.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
1,883
1,676
7778672.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
4,688
3,088
7778842.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
19,010
17,746
7779460.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
2,962
2,849
7779513.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
8,134
7,645
7779662.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
3,396
2,861
7779720.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
8,877
8,490
7779938.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
10,824
10,395
7780162.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
7,111
6,672
7780374.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
416
402
7780392.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
10,147
9,607
7780595.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
2,818
2,458
7780635.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
9,743
9,322
7780729.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
5,141
4,880
7780863.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
5,502
5,025
7781045.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
2,077
1,962
7781121.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
26,327
25,280
7781581.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
336
316
7781598.SQ.FTS.B
,
Zero
Cpn
,
11/10/25
..
16,369
15,544
7781648.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
3,240
3,098
7781743.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
712
684
7781757.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
1,841
1,533
7781792.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
835
816
7781885.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
5,853
5,615
7782000.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
1,976
1,865
7782049.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
16,213
15,405
7782351.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
3,231
3,020
7782472.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
4,087
3,930
7782637.SQ.FTS.B
,
Zero
Cpn
,
11/11/25
..
1,476
1,412
7782675.SQ.FTS.B
,
Zero
Cpn
,
11/12/25
..
17,296
14,681
7783004.SQ.FTS.B
,
Zero
Cpn
,
11/12/25
..
3,137
2,869
7783076.SQ.FTS.B
,
Zero
Cpn
,
11/12/25
..
6,808
6,468
7783246.SQ.FTS.B
,
Zero
Cpn
,
11/12/25
..
1,794
1,089
7783425.SQ.FTS.B
,
Zero
Cpn
,
11/12/25
..
16,083
15,383
7784004.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
905
870
7784061.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
1,846
1,691
7784164.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
5,013
4,841
7784630.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
2,678
2,597
7785125.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
7,563
7,289
7785778.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
3,654
3,110
7785849.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
1,724
1,634
7785899.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
1,180
1,134
7786006.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
2,788
2,675
7786060.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
8,887
8,423
7786255.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
676
641
7786359.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
4,224
3,982
7786492.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
5,708
5,419
7786700.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
4,331
4,208
7786921.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
2,561
2,452
7786960.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
7,300
6,680
7787071.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
2,971
2,811
7787150.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
11,224
10,753
7787431.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
581
560
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7787446.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
$
1,836
$
1,684
7787467.SQ.FTS.B
,
Zero
Cpn
,
11/13/25
..
4,362
3,946
7787839.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
3,224
3,006
7787894.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
4,002
3,827
7787959.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
2,251
2,060
7787996.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
864
780
7788016.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
14,905
14,333
7788444.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
33,767
31,673
7789758.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
13,694
13,046
7790036.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
1,721
1,654
7790082.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
3,200
3,091
7790160.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
5,967
5,701
7790308.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
427
405
7790319.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
11,768
11,215
7790499.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
34,984
33,454
7790847.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
10,308
9,736
7790968.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
404
380
7790972.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
9,186
8,820
7791050.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
1,371
1,279
7791064.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
5,362
5,080
7791144.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
8,458
8,134
7791301.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
873
837
7791324.SQ.FTS.B
,
Zero
Cpn
,
11/14/25
..
3,133
2,987
7791372.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
11,822
11,268
7791577.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
1,525
1,487
7791609.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
2,656
2,547
7791653.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
3,152
2,755
7791700.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
6,152
5,638
7792337.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
2,108
2,019
7792414.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
3,287
2,529
7792549.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
4,790
4,550
7792716.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
3,117
2,856
7792803.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
563
534
7792829.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
1,002
663
7792853.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
2,418
2,314
7792924.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
5,287
4,964
7793061.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
2,248
2,113
7793088.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
13,153
12,485
7793359.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
12,470
11,948
7793567.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
885
770
7793579.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
3,116
2,990
7793624.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
1,023
995
7793653.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
8,575
8,036
7793745.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
473
440
7793749.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
33,832
32,564
7794327.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
2,421
2,318
7794379.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
18,295
17,391
7794833.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
1,116
1,054
7794849.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
3,952
3,753
7794955.SQ.FTS.B
,
Zero
Cpn
,
11/15/25
..
24,402
22,337
7797036.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
4,114
3,658
7797160.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
362
352
7797188.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
14,169
13,583
7797575.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
7,821
7,455
7797904.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
454
397
7797911.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
10,683
10,253
7798241.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
5,596
5,138
7798369.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
4,931
4,650
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)
7798453.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
$
478
$
460
7798486.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
5,130
4,918
7798543.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
3,228
3,069
7798591.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
339
320
7798594.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
3,302
3,154
7798612.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
1,418
1,009
7798649.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
4,145
3,989
7798760.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
49,881
47,841
7799963.SQ.FTS.B
,
Zero
Cpn
,
11/16/25
..
7,491
7,162
7800234.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
11,280
10,630
7800668.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
2,725
2,588
7800701.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
423
393
7800711.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
3,626
3,200
7800739.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
1,383
1,317
7800754.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
4,417
4,196
7800812.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
7,435
7,117
7800894.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
24,173
22,793
7801591.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
895
794
7801627.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
6,312
5,917
7801844.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
7,689
7,321
7802002.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
13,987
13,477
7802298.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
15,000
14,034
7802684.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
6,968
6,636
7802763.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
57,033
54,592
7803843.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
908
606
7803857.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
2,946
2,792
7803938.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
729
608
7803954.SQ.FTS.B
,
Zero
Cpn
,
11/17/25
..
2,720
2,620
7803967.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
4,752
3,825
7804032.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
11,890
7,251
7804160.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
17,959
17,287
7804422.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
8,330
7,879
7804579.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
6,160
5,866
7804668.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
7,514
7,146
7804796.SQ.FTS.B
,
Zero
Cpn
,
11/18/25
..
22,318
21,193
7805086.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
1,823
1,760
7805114.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
1,724
1,511
7805135.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
1,170
1,037
7805154.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
2,160
1,724
7805185.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
3,759
2,939
7805228.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
621
573
7805237.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
1,881
1,796
7805266.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
1,183
1,110
7805284.SQ.FTS.B
,
Zero
Cpn
,
11/19/25
..
31,389
28,792
7805999.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
752
723
7806053.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
5,001
4,801
7806369.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
2,143
2,048
7806507.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
22,687
21,599
7807293.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
9,041
8,639
7807508.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
13,425
12,866
7807720.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
2,752
2,665
7807808.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
8,671
8,317
7807986.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
1,007
965
7808006.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
12,654
11,966
7808217.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
18,873
18,168
7808530.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
7,646
7,262
7808607.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
5,801
5,556
7808750.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
2,564
2,457
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7808793.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
$
1,106
$
911
7808806.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
7,894
7,518
7808964.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
2,881
2,745
7809047.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
2,281
2,147
7809092.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
6,003
5,140
7809186.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
1,472
1,398
7809223.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
1,555
1,492
7809242.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
1,090
990
7809262.SQ.FTS.B
,
Zero
Cpn
,
11/20/25
..
16,378
15,352
7809534.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
19,625
18,800
7810241.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
2,526
2,171
7810324.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
988
952
7810403.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
32,264
29,565
7811350.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
5,171
4,910
7811469.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
5,793
5,502
7811605.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
4,220
4,017
7811716.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
33,299
31,488
7812510.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
6,657
6,190
7812610.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
5,162
4,393
7812668.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
3,003
2,858
7812686.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
10,779
10,377
7812843.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
11,348
10,715
7813062.SQ.FTS.B
,
Zero
Cpn
,
11/21/25
..
26,928
23,887
7813281.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
3,495
3,189
7813461.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
4,982
4,706
7813618.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
2,651
2,500
7813719.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
9,997
9,668
7814318.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
5,394
5,068
7814569.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
11,772
11,243
7814868.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
4,152
3,984
7815023.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
1,569
1,395
7815059.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
25,378
21,439
7815548.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
4,493
4,176
7815632.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
14,520
13,791
7815825.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
18,338
17,302
7816187.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
14,414
13,541
7816394.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
1,717
1,523
7816421.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
6,806
6,499
7816533.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
3,289
3,165
7816612.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
1,929
1,773
7816638.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
7,838
7,541
7816988.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
1,569
1,337
7817020.SQ.FTS.B
,
Zero
Cpn
,
11/22/25
..
5,634
5,329
7821101.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
4,175
1,655
7821174.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
3,899
1,366
7821263.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
3,070
2,490
7821306.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
5,098
4,838
7821411.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
6,816
6,430
7821666.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
5,945
5,467
7821833.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
16,304
12,397
7822373.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
15,375
14,570
7822859.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
372
361
7822908.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
65,903
63,087
7824274.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
13,706
12,935
7824561.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
1,970
1,848
7824638.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
9,137
8,647
7824819.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
6,380
6,108
7824941.SQ.FTS.B
,
Zero
Cpn
,
11/23/25
..
56,487
50,132
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)
7825441.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
$
1,785
$
1,425
7825494.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
5,695
5,434
7825631.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
28,320
26,572
7826158.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
4,741
4,457
7826241.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
2,418
2,332
7826292.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
1,626
1,565
7826343.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
16,806
16,005
7826921.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
2,862
2,654
7827041.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
3,160
3,023
7827106.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
3,260
3,094
7827235.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
1,664
1,582
7827306.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
7,321
6,987
7827527.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
1,420
1,332
7827545.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
6,297
6,062
7827766.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
32,046
25,630
7828443.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
3,494
3,362
7828520.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
2,729
2,514
7828757.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
9,109
7,955
7828966.SQ.FTS.B
,
Zero
Cpn
,
11/24/25
..
18,420
17,721
7829327.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
3,127
2,880
7829403.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
3,782
3,616
7829475.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
6,499
6,184
7829715.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
18,368
17,570
7830121.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
3,946
3,767
7830209.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
2,685
2,564
7830282.SQ.FTS.B
,
Zero
Cpn
,
11/25/25
..
16,753
15,456
7830840.SQ.FTS.B
,
Zero
Cpn
,
11/26/25
..
1,512
1,443
7830872.SQ.FTS.B
,
Zero
Cpn
,
11/26/25
..
2,655
2,534
7830931.SQ.FTS.B
,
Zero
Cpn
,
11/26/25
..
5,774
5,476
7831065.SQ.FTS.B
,
Zero
Cpn
,
11/26/25
..
1,443
1,371
7831096.SQ.FTS.B
,
Zero
Cpn
,
11/26/25
..
10,630
9,795
7831414.SQ.FTS.B
,
Zero
Cpn
,
11/27/25
..
1,437
1,310
7831470.SQ.FTS.B
,
Zero
Cpn
,
11/27/25
..
14,235
13,190
7831835.SQ.FTS.B
,
Zero
Cpn
,
11/27/25
..
972
924
7831870.SQ.FTS.B
,
Zero
Cpn
,
11/27/25
..
3,180
3,045
7831951.SQ.FTS.B
,
Zero
Cpn
,
11/27/25
..
16,685
14,371
7832210.SQ.FTS.B
,
Zero
Cpn
,
11/27/25
..
54,880
51,631
7834045.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
7,456
7,136
7834305.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
3,302
3,071
7834406.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
4,740
4,495
7834531.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
9,632
9,213
7834873.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
16,889
16,147
7835352.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
11,157
10,651
7835628.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
19,780
18,968
7836320.SQ.FTS.B
,
Zero
Cpn
,
11/28/25
..
5,614
5,254
7836372.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
32,823
30,495
7836965.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
43,194
37,116
7838037.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
4,633
4,472
7838162.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
48,811
46,286
7838972.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
6,602
6,413
7839114.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
5,701
5,462
7839246.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
6,019
5,768
7839337.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
5,441
5,190
7839409.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
2,736
2,534
7839465.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
1,792
1,333
7839486.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
13,808
13,263
7839744.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
10,350
9,760
7839910.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
9,415
5,989
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7840038.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
$
5,064
$
4,613
7840071.SQ.FTS.B
,
Zero
Cpn
,
11/29/25
..
6,478
6,036
7842368.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
3,540
3,366
7842488.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,104
1,068
7842516.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
6,909
6,343
7842654.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
4,432
4,179
7842759.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,980
1,889
7842806.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
3,893
3,575
7842891.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
4,154
3,885
7842999.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
7,051
6,766
7843241.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
524
503
7843252.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
2,842
2,679
7843443.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
5,711
5,357
7843684.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
683
654
7843703.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
3,273
3,127
7843761.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
16,124
15,375
7844134.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,038
382
7844146.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,422
1,347
7844166.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
3,197
2,957
7844276.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
4,955
4,713
7844427.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
14,058
13,061
7844687.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
20,240
19,534
7845157.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
6,629
6,321
7845202.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
4,229
3,995
7845307.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
8,650
8,202
7845460.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
51,426
48,230
7846295.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
26,022
25,057
7846536.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
2,603
2,486
7846635.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
426
415
7846694.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
4,512
4,294
7846794.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
6,578
6,329
7847033.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
576
360
7847048.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,215
1,165
7847107.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
4,616
4,379
7847297.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,559
1,497
7847389.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
4,780
4,557
7847522.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,020
922
7847613.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
717
634
7847652.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
5,064
4,857
7847779.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
8,298
7,731
7847955.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
5,929
5,675
7848103.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
1,342
1,290
7848174.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
2,210
2,068
7848241.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
3,637
3,462
7848328.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
54,862
52,497
7849216.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
2,582
2,402
7849268.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
2,518
2,318
7849300.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
7,073
6,655
7849491.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
10,655
10,161
7849589.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
22,083
21,042
7849953.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
9,091
8,622
7850127.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
3,501
3,313
7850231.SQ.FTS.B
,
Zero
Cpn
,
11/30/25
..
7,062
6,642
7850421.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
7,131
6,845
7850564.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
15,778
14,829
7850869.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
2,932
2,789
7850921.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
12,972
12,295
7851095.SQ.FTS.B
,
Zero
Cpn
,
12/01/25
..
28,764
27,659
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)
Block,
Inc.
(continued)
7851642.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
$
1,932
$
1,867
7851692.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
1,437
1,375
7851717.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
1,083
1,016
7851752.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
1,356
1,297
7851781.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
2,436
2,317
7851813.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
4,819
4,583
7851893.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
5,823
5,602
7852033.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
3,515
3,242
7852089.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
754
727
7852111.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
968
921
7852189.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
1,818
1,760
7852251.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
718
664
7852268.SQ.FTS.B
,
Zero
Cpn
,
12/02/25
..
14,750
14,088
7852837.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
3,489
3,273
7852948.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
8,162
6,379
7853291.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
2,544
1,934
7853404.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
781
753
7853472.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
6,624
4,724
7853660.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
22,572
21,209
7854235.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
6,603
6,373
7854388.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
6,788
6,499
7854448.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
8,915
8,547
7854605.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
2,369
2,279
7854663.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
2,236
2,137
7854732.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
7,502
7,191
7854856.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
12,350
11,840
7855213.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
6,731
6,001
7855369.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
4,390
1,967
7855437.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
4,002
3,794
7855517.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
8,768
8,386
7855675.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
10,274
9,586
7855910.SQ.FTS.B
,
Zero
Cpn
,
12/03/25
..
35,712
33,946
7856674.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
3,631
2,848
7856806.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
23,846
22,652
7857292.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
1,223
1,094
7857315.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
8,404
7,993
7857478.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
1,989
1,820
7857525.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
1,686
1,310
7857557.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
17,432
16,652
7858172.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
5,296
5,051
7858292.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
2,038
1,928
7858341.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
1,732
1,610
7858378.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
8,125
7,765
7858529.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
4,678
4,401
7858634.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
1,331
1,273
7858672.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
45,983
44,222
7859564.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
5,225
4,986
7859652.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
4,634
4,395
7859745.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
2,498
2,332
7859811.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
6,493
6,206
7859959.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
10,021
9,592
7860115.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
22,489
21,493
7860376.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
7,641
6,678
7860550.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
1,104
1,054
7860570.SQ.FTS.B
,
Zero
Cpn
,
12/04/25
..
24,468
23,284
7860688.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
13,985
13,402
7861211.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
56,902
53,950
7862374.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
1,881
1,798
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7862388.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
$
8,804
$
8,122
7862524.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
23,272
22,295
7862883.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
77,874
72,805
7864241.SQ.FTS.B
,
Zero
Cpn
,
12/05/25
..
8,181
7,727
7866425.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
17,759
16,976
7866818.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
4,114
3,862
7866932.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
2,560
2,079
7867002.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
3,117
3,007
7867161.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
2,097
1,986
7867233.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
5,791
5,445
7867425.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
644
610
7867437.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
8,572
7,952
7867610.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
13,477
12,426
7867946.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
5,066
4,711
7868078.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
11,240
10,710
7868248.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
4,142
3,848
7868296.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
28,904
27,194
7868906.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
2,942
2,783
7868979.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
7,375
7,043
7869121.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
9,717
9,277
7869292.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
3,221
3,111
7869348.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
3,237
3,098
7869424.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
11,995
11,327
7869593.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
16,800
15,040
7869790.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
631
600
7869803.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
16,201
15,237
7870146.SQ.FTS.B
,
Zero
Cpn
,
12/06/25
..
10,215
9,734
7870301.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
6,676
6,372
7870438.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
26,694
25,380
7871224.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
4,002
3,836
7871378.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
5,199
4,940
7871492.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
3,483
3,319
7871539.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
5,803
3,808
7871633.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
3,841
3,626
7871709.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
6,054
5,726
7871861.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
1,406
1,337
7871911.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
6,030
5,733
7872023.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
1,860
1,774
7872078.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
5,023
4,685
7872120.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
9,122
8,031
7872230.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
443
424
7872245.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
7,176
6,879
7872337.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
908
861
7872362.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
4,184
3,905
7872416.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
4,031
3,718
7872468.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
12,549
11,979
7872643.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
11,800
11,327
7872849.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
7,793
7,442
7872984.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
1,597
1,512
7873010.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
6,781
6,064
7873099.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
9,582
9,164
7873312.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
10,658
10,196
7873487.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
3,182
3,039
7873538.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
3,660
3,487
7873605.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
1,080
827
7873625.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
12,970
12,330
7873809.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
4,737
4,262
7873899.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
746
712
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)
Block,
Inc.
(continued)
7873901.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
$
2,886
$
2,583
7873933.SQ.FTS.B
,
Zero
Cpn
,
12/07/25
..
3,331
3,171
7873954.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
2,213
2,080
7873996.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
22,348
20,652
7874272.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
9,396
8,891
7874386.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
12,349
11,789
7874558.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
4,205
4,002
7874625.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
5,533
5,264
7874704.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
6,773
6,358
7874788.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
4,919
4,694
7874841.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
2,767
2,626
7874878.SQ.FTS.B
,
Zero
Cpn
,
12/08/25
..
20,408
17,814
7875108.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
801
783
7875138.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
8,516
8,129
7875236.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
5,526
4,387
7875299.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
3,885
3,747
7875394.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
25,063
23,976
7875737.SQ.FTS.B
,
Zero
Cpn
,
12/09/25
..
14,434
13,753
7876047.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
2,995
2,867
7876085.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
2,631
2,268
7876118.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
11,700
10,262
7876496.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
13,784
12,966
7876960.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
10,785
10,305
7877141.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
28,600
27,230
7877710.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
1,200
1,145
7877732.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
38,406
33,436
7878258.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
4,506
4,300
7878336.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
4,274
4,103
7878444.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
11,930
11,007
7878612.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
4,536
4,300
7878727.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
15,360
12,644
7878954.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
739
714
7878978.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
1,134
1,085
7878990.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
1,329
1,218
7879011.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
30,561
29,162
7879560.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
1,183
1,095
7879590.SQ.FTS.B
,
Zero
Cpn
,
12/10/25
..
9,304
8,899
7879828.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
6,518
6,227
7879982.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
4,623
4,358
7880146.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
3,694
3,504
7880228.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
8,604
8,092
7880607.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
344
334
7880747.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
587
539
7880769.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
2,042
1,936
7880826.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
24,584
23,488
7881388.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
2,838
2,676
7881432.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
1,829
1,726
7881465.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
3,310
2,895
7881508.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
11,048
9,906
7881653.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
4,955
4,749
7881730.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
52,838
50,508
7882450.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
1,068
1,003
7882464.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
1,820
1,742
7882486.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
831
789
7882492.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
15,504
14,730
7882736.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
5,077
4,867
7882832.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
5,189
4,925
7882919.SQ.FTS.B
,
Zero
Cpn
,
12/11/25
..
39,489
36,444
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7883444.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
$
2,950
$
2,757
7883545.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
2,327
2,225
7883604.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
2,676
2,553
7883666.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
29,474
27,549
7884480.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
16,593
15,318
7884820.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
8,410
8,056
7884980.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
11,720
11,148
7885234.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
3,137
2,994
7885298.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
2,254
2,172
7885340.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
36,126
34,701
7885921.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
10,578
10,139
7886066.SQ.FTS.B
,
Zero
Cpn
,
12/12/25
..
72,457
69,097
7889236.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
7,390
6,958
7889480.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
320
311
7889499.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
21,747
20,048
7890243.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
5,148
4,905
7890412.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
1,027
974
7890458.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
9,756
9,262
7890693.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
5,465
5,213
7890888.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
35,699
33,263
7891476.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
6,386
4,368
7891553.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
14,268
13,036
7891807.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
3,603
3,327
7891866.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
9,363
8,930
7892009.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
8,253
7,893
7892126.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
20,375
18,612
7892454.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
3,098
2,987
7892534.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
6,414
6,104
7892618.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
17,215
16,426
7892982.SQ.FTS.B
,
Zero
Cpn
,
12/13/25
..
13,647
12,949
7893085.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
5,526
5,204
7893310.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
21,998
20,982
7894101.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
798
752
7894130.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
1,869
1,726
7894154.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
5,752
5,495
7894330.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
826
768
7894366.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
9,041
8,517
7894628.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
7,661
6,857
7894774.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
8,035
7,662
7894898.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
2,668
2,269
7894940.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
4,101
3,834
7895018.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
6,910
6,594
7895108.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
20,343
19,406
7895338.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
708
602
7895350.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
5,027
4,169
7895436.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
9,179
8,751
7895575.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
6,959
6,620
7895685.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
2,096
1,937
7895708.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
3,984
3,731
7895745.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
1,877
1,738
7895787.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
3,436
3,074
7895824.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
3,864
3,614
7895875.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
9,906
9,339
7896053.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
9,166
8,751
7896209.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
533
513
7896234.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
3,845
3,658
7896301.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
6,237
5,897
7896419.SQ.FTS.B
,
Zero
Cpn
,
12/14/25
..
71,893
68,371
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)
Block,
Inc.
(continued)
7898690.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
$
7,631
$
7,276
7898783.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
5,385
5,131
7898846.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
1,486
1,416
7898863.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
10,243
9,743
7899025.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
3,751
3,513
7899072.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
31,578
27,582
7899491.SQ.FTS.B
,
Zero
Cpn
,
12/15/25
..
28,746
27,197
7899830.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
2,641
2,517
7899865.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
622
600
7899888.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
2,908
2,776
7899927.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
2,564
2,444
7899969.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
11,608
10,981
7900107.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
934
896
7900125.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
15,909
15,249
7900411.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
3,744
3,586
7900460.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
4,754
4,531
7900540.SQ.FTS.B
,
Zero
Cpn
,
12/16/25
..
5,429
5,185
7900675.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,547
1,394
7900697.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,843
1,625
7900720.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
7,390
7,042
7900815.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
4,461
4,282
7901053.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
10,240
9,766
7901445.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
33,432
29,243
7902046.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
9,115
8,589
7902221.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,509
1,417
7902261.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
969
918
7902276.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
14,049
13,402
7902473.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
8,797
8,389
7902529.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
6,021
5,728
7902665.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
6,303
5,954
7902752.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,288
1,244
7902773.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,914
1,782
7902798.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,598
1,542
7902827.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
2,349
2,244
7902861.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
2,427
2,334
7902908.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
39,696
37,633
7903421.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
13,292
12,439
7903590.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
1,932
1,832
7903662.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
8,431
7,777
7903924.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
9,197
8,786
7904092.SQ.FTS.B
,
Zero
Cpn
,
12/17/25
..
8,813
8,363
7904291.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
3,001
2,860
7904386.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
4,619
4,411
7904484.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
5,728
5,463
7904592.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
18,118
17,239
7905000.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
8,092
7,754
7905292.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
2,341
2,118
7905346.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
6,338
6,056
7905559.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
965
855
7905583.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
8,689
8,298
7905769.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
2,619
2,308
7905785.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
4,456
4,290
7905884.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
1,540
1,316
7905910.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
2,674
2,556
7905996.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
28,706
27,324
7906367.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
5,336
5,059
7906432.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
949
918
7906456.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
23,645
22,401
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7906771.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
$
2,034
$
1,951
7906829.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
2,971
2,833
7906879.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
7,343
6,994
7906979.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
1,554
1,470
7907007.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
26,635
25,082
7907520.SQ.FTS.B
,
Zero
Cpn
,
12/18/25
..
67,488
59,118
7909853.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
10,424
9,782
7910016.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
12,272
11,692
7910151.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
11,973
10,958
7910312.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
17,674
16,413
7910507.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
669
648
7910522.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
6,703
6,357
7910582.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
303
293
7910588.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
7,884
7,527
7910653.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
27,239
26,211
7910969.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
388
376
7910975.SQ.FTS.B
,
Zero
Cpn
,
12/19/25
..
30,734
29,290
7911413.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
26,273
25,153
7912501.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
8,425
7,938
7912654.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
3,147
3,015
7912783.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
36,672
34,920
7913516.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
49,052
46,754
7914174.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
8,558
8,061
7914311.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
6,122
5,652
7914430.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
2,212
2,117
7914481.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
5,070
4,823
7914527.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
13,090
12,499
7914856.SQ.FTS.B
,
Zero
Cpn
,
12/20/25
..
4,539
4,328
7914899.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
38,441
36,294
7916000.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
33,965
32,316
7916527.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
4,440
4,224
7916578.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
8,168
7,786
7916679.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
82,978
79,056
7918267.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
3,554
3,379
7918327.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
10,480
9,683
7918485.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
4,977
4,671
7918558.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
676
611
7918569.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
1,896
1,685
7918595.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
10,867
9,147
7918832.SQ.FTS.B
,
Zero
Cpn
,
12/21/25
..
3,525
3,030
7918869.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
2,223
2,146
7918920.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
6,309
6,006
7918992.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
3,071
2,881
7919022.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
2,267
2,168
7919043.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
1,502
1,436
7919057.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
5,040
4,835
7919109.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
7,159
6,747
7919187.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
11,143
10,611
7919317.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
7,094
6,762
7919410.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
1,985
1,879
7919448.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
4,188
3,960
7919647.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
693
649
7919662.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
807
768
7919676.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
1,189
1,077
7919706.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
2,013
1,862
7919737.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
2,847
2,714
7919766.SQ.FTS.B
,
Zero
Cpn
,
12/22/25
..
9,134
8,578
7919901.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
4,623
4,387
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)
Block,
Inc.
(continued)
7919978.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
$
18,157
$
16,861
7920269.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
649
622
7920288.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
5,030
4,802
7920345.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
1,370
1,324
7920580.SQ.FTS.B
,
Zero
Cpn
,
12/23/25
..
15,204
14,116
7921059.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
3,996
3,605
7921110.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
14,946
14,255
7921655.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
12,720
11,475
7922043.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
3,207
3,035
7922121.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
1,155
1,110
7922155.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
6,508
6,194
7922259.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
100,698
93,270
7924014.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
681
656
7924036.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
3,603
3,463
7924133.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
4,794
4,509
7924188.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
6,058
5,718
7924288.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
7,411
6,964
7924398.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
4,118
3,878
7924460.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
2,510
2,398
7924505.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
3,561
3,139
7924567.SQ.FTS.B
,
Zero
Cpn
,
12/24/25
..
1,188
1,100
7924603.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
2,909
2,606
7924667.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
4,447
3,876
7924762.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
24,106
20,963
7925174.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
380
367
7925178.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
5,463
5,065
7925289.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
3,097
2,992
7925421.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
2,003
1,915
7925506.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
6,660
6,361
7925728.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
3,533
3,351
7925830.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
2,128
1,924
7925865.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
6,664
6,195
7925990.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
2,233
2,077
7926019.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
8,314
7,928
7926217.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
16,853
16,088
7926516.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
3,235
3,112
7926543.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
9,715
9,180
7926693.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
1,385
1,320
7926697.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
10,960
10,431
7926837.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
4,137
3,698
7926885.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
2,229
2,074
7926909.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
1,372
1,322
7926943.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
5,658
5,399
7927023.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
48,877
47,165
7927754.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
4,436
3,698
7927836.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
8,784
8,375
7927938.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
3,574
3,375
7927995.SQ.FTS.B
,
Zero
Cpn
,
12/25/25
..
32,964
31,462
7928342.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
501
485
7928376.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
4,965
4,777
7928435.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
526
499
7928455.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
3,344
2,869
7928480.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
2,290
1,821
7928507.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
5,480
5,195
7928601.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
6,999
6,682
7928778.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
12,101
11,438
7929068.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
2,158
2,066
7929161.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
1,813
1,700
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7929216.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
$
1,147
$
1,093
7929268.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
13,140
12,527
7929545.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
10,430
9,943
7929769.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
15,119
14,308
7930283.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
1,013
960
7930296.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
1,854
1,778
7930318.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
763
728
7930329.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
46,609
44,427
7930786.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
17,011
16,213
7931034.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
11,260
10,445
7931208.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
10,170
9,577
7931356.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
26,615
25,367
7931771.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
4,229
4,037
7931828.SQ.FTS.B
,
Zero
Cpn
,
12/26/25
..
29,873
28,157
7934196.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
1,522
1,417
7934256.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
6,963
6,402
7934402.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
4,847
4,486
7934492.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
9,067
8,249
7934726.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
4,280
3,918
7934910.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
4,115
3,826
7935049.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
3,249
2,965
7935291.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
4,260
3,988
7935418.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
590
538
7935470.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
7,689
7,197
7935657.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
7,735
7,114
7935814.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
8,502
7,918
7935996.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
2,386
2,160
7936047.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
3,758
3,502
7936111.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
8,327
7,621
7936272.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
1,443
1,339
7936294.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
219
161
7936328.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
10,107
9,464
7936470.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
10,270
9,574
7936610.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
2,007
1,850
7936650.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
28,854
26,659
7937022.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
50,829
47,574
7938066.SQ.FTS.B
,
Zero
Cpn
,
12/27/25
..
1,979
1,820
7938158.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
1,406
1,305
7938235.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
15,298
13,925
7938694.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
2,517
2,354
7938776.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
13,313
12,236
7939415.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
2,130
1,942
7939493.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
5,916
5,508
7939643.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
6,291
5,889
7939746.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
1,445
1,342
7939764.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
13,101
12,192
7939958.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
3,094
2,873
7940021.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
3,244
2,890
7940106.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
7,490
7,010
7940208.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
3,202
2,917
7940249.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
5,320
4,856
7940351.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
13,268
12,319
7940662.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
7,271
6,673
7940796.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
7,379
6,715
7940904.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
8,686
8,010
7941098.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
17,619
16,425
7941307.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
2,536
2,333
7941331.SQ.FTS.B
,
Zero
Cpn
,
12/28/25
..
41,630
38,359
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)
Block,
Inc.
(continued)
7941865.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
$
5,745
$
5,376
7941978.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
3,296
3,007
7942041.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
29,133
27,280
7942501.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
5,770
5,292
7942605.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
3,687
3,387
7942685.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
2,612
2,386
7942725.SQ.FTS.B
,
Zero
Cpn
,
12/29/25
..
10,969
10,268
7942884.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
20,110
18,822
7943202.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
5,030
4,539
7943309.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
516
483
7943315.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
8,780
8,218
7943454.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
11,429
10,643
7943624.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
2,412
2,231
7943665.SQ.FTS.B
,
Zero
Cpn
,
12/30/25
..
12,009
11,191
7944041.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
9,973
9,297
7944381.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
5,337
4,976
7944574.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
4,113
3,818
7944879.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
5,335
4,994
7945023.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
2,080
1,945
7945084.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
11,443
10,635
7945398.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
2,072
1,893
7945441.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
4,397
4,038
7945540.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
6,907
6,465
7945635.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
4,280
4,006
7945714.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
61,967
57,534
7946953.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
2,628
2,420
7947002.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
1,944
1,762
7947037.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
10,382
9,478
7947201.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
1,171
1,073
7947220.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
9,656
9,040
7947433.SQ.FTS.B
,
Zero
Cpn
,
1/01/26
...
22,100
20,684
7949409.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
1,677
1,547
7949453.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
4,506
4,175
7949547.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
1,833
1,715
7949573.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
1,985
1,853
7949613.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
10,864
10,168
7949813.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
420
392
7949822.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
33,053
30,933
7950706.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
6,047
5,565
7950885.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
11,415
10,599
7951063.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
11,286
10,381
7951228.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
4,217
3,898
7951302.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
2,474
2,259
7951339.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
1,023
935
7951375.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
5,453
5,005
7951460.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
9,998
9,240
7951562.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
6,902
6,254
7951658.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
25,255
23,629
7951932.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
6,084
5,577
7952014.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
20,898
19,556
7952317.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
30,655
27,992
7952892.SQ.FTS.B
,
Zero
Cpn
,
1/02/26
...
8,452
7,778
7955055.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
3,261
3,038
7955201.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
7,132
6,641
7955356.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
10,289
9,618
7955677.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
8,925
8,219
7955961.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
1,335
1,115
7956136.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
2,452
2,275
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7956196.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
$
2,954
$
2,711
7956327.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
5,059
4,731
7956457.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
12,702
11,883
7956696.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
9,532
8,785
7956840.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
12,275
11,283
7956978.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
4,565
4,198
7957036.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
4,176
3,818
7957091.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
1,744
1,588
7957120.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
19,802
18,526
7957392.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
4,277
3,902
7957501.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
2,181
2,041
7957554.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
1,833
1,705
7957594.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
884
811
7957618.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
12,930
11,825
7957811.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
1,061
959
7957833.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
4,569
4,209
7957892.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
5,304
4,900
7957964.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
6,366
5,908
7958027.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
5,397
4,952
7958091.SQ.FTS.B
,
Zero
Cpn
,
1/03/26
...
54,995
51,207
7958847.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
7,448
6,910
7958943.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
3,474
3,214
7958987.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
2,024
1,895
7959011.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
8,783
8,012
7959142.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
726
673
7959155.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
1,013
919
7959166.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
7,626
7,133
7959248.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
2,383
2,203
7959275.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
7,469
6,863
7959379.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
3,379
3,133
7959422.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
3,142
2,938
7959443.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
3,503
3,239
7959479.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
8,742
8,118
7959560.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
3,923
3,642
7959594.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
3,403
3,158
7959621.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
1,333
1,230
7959630.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
2,561
2,354
7959649.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
1,494
1,374
7959653.SQ.FTS.B
,
Zero
Cpn
,
1/04/26
...
52,313
48,690
7960802.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
1,508
1,391
7960840.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
3,752
3,491
7960885.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
2,169
1,997
7960911.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
3,165
2,938
7960956.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
7,721
7,218
7961058.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
24,639
23,047
7961501.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
38,393
35,184
7962096.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
10,251
9,400
7962261.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
34,948
32,328
7963001.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
3,145
2,878
7963066.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
1,657
1,521
7963091.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
1,756
1,607
7963142.SQ.FTS.B
,
Zero
Cpn
,
1/05/26
...
9,354
8,754
7963182.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
5,085
4,714
7963288.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
2,077
1,928
7963319.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
2,323
2,148
7963337.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
3,444
3,218
7963387.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
8,849
8,281
7963552.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
8,670
8,109
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)
Block,
Inc.
(continued)
7963717.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
$
1,891
$
1,753
7963764.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
3,109
2,865
7963817.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
1,872
1,709
7963850.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
1,445
1,317
7963889.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
2,083
1,918
7963936.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
6,469
5,960
7964037.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
4,139
3,804
7964119.SQ.FTS.B
,
Zero
Cpn
,
1/06/26
...
8,232
7,615
7964254.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
1,322
1,214
7964280.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
619
576
7964293.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
3,230
3,005
7964369.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
954
870
7964388.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
7,166
6,705
7964526.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
6,281
5,875
7964674.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
15,213
14,166
7964930.SQ.FTS.B
,
Zero
Cpn
,
1/07/26
...
2,627
2,401
7965223.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
11,287
10,440
7965663.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
636
587
7965690.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
11,605
10,659
7966164.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
16,718
15,639
7966500.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
2,695
2,490
7966595.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
3,736
3,433
7966663.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
4,312
3,914
7966814.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
8,097
7,487
7967023.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
543
504
7967036.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
12,866
12,034
7967320.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
2,260
2,091
7967418.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
3,104
2,880
7967511.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
15,746
14,375
7967953.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
17,866
16,631
7968334.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
2,160
1,988
7968380.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
979
909
7968401.SQ.FTS.B
,
Zero
Cpn
,
1/08/26
...
10,447
9,723
7968649.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
9,717
9,014
7968961.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
27,166
25,013
7969740.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
6,439
6,018
7969823.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
9,654
9,029
7969990.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
2,929
2,696
7970057.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
5,050
4,653
7970133.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
4,787
4,475
7970205.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
68,189
63,503
7971101.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
2,180
2,039
7971149.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
16,406
14,983
7971401.SQ.FTS.B
,
Zero
Cpn
,
1/09/26
...
43,281
40,467
7972003.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
9,646
8,850
7972227.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
4,144
3,808
7972343.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
3,451
3,204
7972442.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
9,259
8,657
7972693.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
7,337
6,737
7972957.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
3,199
2,958
7973082.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
6,677
6,140
7973160.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
4,485
4,137
7973219.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
9,891
9,152
7973323.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
5,718
5,294
7973360.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
1,684
1,558
7973399.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
2,178
1,987
7973424.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
58,591
53,669
7974096.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
7,926
7,400
Description
Principal
Amount
Value
Block,
Inc.
(continued)
7974193.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
$
15,850
$
14,582
7974312.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
5,370
4,999
7974371.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
13,992
13,026
7974522.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
1,936
1,773
7974544.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
4,702
4,362
7974608.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
14,295
13,294
7974778.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
13,268
12,411
7974938.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
2,342
2,127
7974968.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
4,117
3,815
7975012.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
4,716
4,313
7975069.SQ.FTS.B
,
Zero
Cpn
,
1/10/26
...
17,591
15,934
7977117.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
3,028
2,801
7977212.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
8,657
8,028
7977442.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
6,700
6,154
7977590.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
19,435
18,026
7978281.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
1,187
1,096
7978328.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
5,929
5,476
7978446.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
54,228
49,678
7979498.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
3,268
2,981
7979559.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
10,774
10,024
7979718.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
1,941
1,800
7979791.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
45,337
42,177
7980549.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
844
774
7980569.SQ.FTS.B
,
Zero
Cpn
,
1/11/26
...
72,594
67,827
7980829.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
10,917
10,203
7981227.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
1,713
1,562
7981269.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
6,586
6,065
7981537.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
14,930
13,846
7982049.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
730
678
7982082.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
87,413
81,055
7983971.SQ.FTS.B
,
Zero
Cpn
,
1/12/26
...
9,715
8,883
7984098.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
4,412
4,070
7984160.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
4,386
4,054
7984231.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
20,406
18,991
7984469.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
26,284
24,301
7984820.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
2,040
1,902
7984851.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
2,726
2,548
7984884.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
1,301
1,183
7984914.SQ.FTS.B
,
Zero
Cpn
,
1/13/26
...
6,652
6,189
7984999.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
1,608
1,489
7985014.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
12,102
11,244
7985159.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
16,070
14,935
7985371.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
8,842
8,102
7985485.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
1,322
1,205
7985503.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
17,006
15,901
7985715.SQ.FTS.B
,
Zero
Cpn
,
1/14/26
...
12,447
11,632
7986075.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
2,559
2,349
7986117.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
20,402
18,983
7986785.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
4,748
4,320
7986895.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
7,879
7,199
7987012.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
19,815
18,031
7987457.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
1,520
1,399
7987482.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
22,847
21,345
7987780.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
87,287
80,937
7989026.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
3,935
3,625
7989050.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
28,297
26,047
7989591.SQ.FTS.B
,
Zero
Cpn
,
1/15/26
...
19,058
17,667
7989702.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
28,258
26,067
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)
Block,
Inc.
(continued)
7990409.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
$
5,175
$
4,732
7990648.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
4,972
4,648
7990771.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
1,597
1,486
7990813.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
3,370
3,150
7990872.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
2,823
2,597
7990945.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
12,213
11,368
7991178.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
16,545
15,459
7991419.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
13,214
12,251
7991580.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
2,426
2,210
7991599.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
33,433
31,244
7992005.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
12,069
11,278
7992171.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
16,255
15,119
7992472.SQ.FTS.B
,
Zero
Cpn
,
1/16/26
...
57,456
53,245
7993240.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
12,356
11,367
7993622.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
10,601
9,907
7993916.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
1,547
1,413
7993948.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
8,452
7,690
7994210.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
4,765
4,363
7994300.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
2,604
2,424
7994343.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
5,979
5,565
7994440.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
2,884
2,638
7994486.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
1,785
1,640
7994523.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
4,317
4,016
7994589.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
16,787
15,248
7999456.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
23,644
22,087
7999757.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
1,915
1,779
7999806.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
885
816
7999850.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
2,462
2,291
7999904.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
1,287
1,196
7999948.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
10,982
10,180
8000091.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
7,579
6,954
8000256.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
16,617
15,281
8000485.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
1,572
1,441
8000508.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
2,951
2,713
8000545.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
12,682
11,648
8000723.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
3,931
3,674
8000777.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
2,002
1,834
8000806.SQ.FTS.B
,
Zero
Cpn
,
1/17/26
...
76,904
71,851
8002822.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
9,510
8,790
8003194.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
14,510
13,447
8003591.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
34,190
31,343
8004584.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
6,776
6,222
8004733.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
35,234
32,648
8005331.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
13,250
12,375
8005637.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
14,778
13,503
8005828.SQ.FTS.B
,
Zero
Cpn
,
1/18/26
...
54,396
50,406
8006613.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
9,727
8,967
8006871.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
16,809
15,310
8007319.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
14,208
12,961
8007784.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
23,122
21,346
8008252.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
9,907
9,210
8008401.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
32,096
29,975
8008996.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
5,904
5,429
8009056.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
11,231
10,491
8009175.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
1,557
1,436
8009214.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
17,361
15,844
8009597.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
4,205
3,884
8009700.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
1,079
1,007
Description
Principal
Amount
Value
Block,
Inc.
(continued)
8009718.SQ.FTS.B
,
Zero
Cpn
,
1/19/26
...
$
15,924
$
14,643
8009830.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
4,420
4,079
8009888.SQ.FTS.B
,
Zero
Cpn
,
1/20/26
...
73,079
67,349
8010684.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
35,127
32,794
8011161.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
1,347
1,231
8011177.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
1,992
1,847
8011198.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
1,886
1,758
8011224.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
1,621
1,486
8011241.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
4,697
4,320
8011295.SQ.FTS.B
,
Zero
Cpn
,
1/21/26
...
17,915
16,650
8011791.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
5,516
5,074
8011858.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
4,944
4,569
8012053.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
12,684
11,843
8012503.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
3,565
3,330
8012558.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
2,946
2,740
8012620.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
23,855
22,037
8013159.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
23,700
22,036
8013427.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
5,125
4,771
8013468.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
11,261
10,353
8013571.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
7,709
7,198
8013742.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
11,260
10,517
8013885.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
5,607
5,237
8013961.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
1,358
1,267
8013974.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
5,964
5,524
8014047.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
10,525
9,804
8014194.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
8,456
7,814
8014302.SQ.FTS.B
,
Zero
Cpn
,
1/22/26
...
55,533
51,853
8015257.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
1,106
1,031
8015348.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
5,288
4,918
8015515.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
4,766
4,440
8015670.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
4,839
4,455
8015845.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
18,076
16,880
8016503.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
1,647
1,502
8016524.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
2,513
2,328
8016550.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
5,644
5,201
8016641.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
15,329
14,315
8016896.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
1,270
1,162
8016917.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
5,869
5,479
8017039.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
39,491
36,878
8017522.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
22,823
20,972
8017898.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
6,662
6,138
8018042.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
33,055
30,622
8018500.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
5,299
4,884
8018550.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
5,203
4,837
8018623.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
3,018
2,790
8018672.SQ.FTS.B
,
Zero
Cpn
,
1/23/26
...
2,470
2,269
8018757.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
34,740
31,804
8019678.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
5,094
4,735
8019746.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
3,671
3,417
8019795.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
3,024
2,824
8019854.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
2,570
2,342
8019901.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
11,157
10,369
8020157.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
274
250
8020158.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
24,417
22,703
8020596.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
22,840
21,050
8020874.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
17,074
15,819
8021127.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
49,395
45,615
8021737.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
3,509
3,267
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)
Block,
Inc.
(continued)
8021800.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
$
1,387
$
1,274
8021819.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
1,213
1,118
8021839.SQ.FTS.B
,
Zero
Cpn
,
1/24/26
...
9,863
9,137
8023989.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
10,819
10,054
8024233.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
2,842
2,598
8024278.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
13,671
12,625
8024626.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
659
615
8024659.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
1,340
1,251
8024716.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
3,868
3,610
8024794.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
8,804
8,217
8025027.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
2,486
2,284
8025076.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
3,700
3,383
8025132.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
2,247
2,057
8025203.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
5,933
5,432
8025368.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
1,725
1,580
8025404.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
463
424
8025411.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
13,134
12,163
8025743.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
3,676
3,376
8025825.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
10,159
9,481
8025980.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
2,271
2,110
8026006.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
47,321
43,324
8026658.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
406
371
8026662.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
9,172
8,558
8026728.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
3,317
3,096
8026757.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
23,154
21,195
8026979.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
4,210
3,929
8027010.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
2,624
2,449
8027052.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
8,280
7,582
8027210.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
5,933
5,514
8027299.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
6,451
5,928
8027390.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
22,684
21,173
8027666.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
13,802
12,883
8027809.SQ.FTS.B
,
Zero
Cpn
,
1/25/26
...
6,819
6,266
8027836.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
15,234
14,216
8028272.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
13,776
12,722
8028768.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
14,599
13,517
8029109.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
4,033
3,691
8029194.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
2,967
2,757
8029259.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
2,532
2,332
8029301.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
52,637
48,878
8030096.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
4,604
4,241
8030193.SQ.FTS.B
,
Zero
Cpn
,
1/26/26
...
77,605
71,669
4581962.SQ.FTS.B
,
Zero
Cpn
,
4/03/33
...
1,755
–
4581979.SQ.FTS.B
,
Zero
Cpn
,
4/03/33
...
2,035
–
4582384.SQ.FTS.B
,
Zero
Cpn
,
4/03/33
...
863
–
4586446.SQ.FTS.B
,
Zero
Cpn
,
4/04/33
...
5,636
–
4590729.SQ.FTS.B
,
Zero
Cpn
,
4/06/33
...
1,383
–
4591813.SQ.FTS.B
,
Zero
Cpn
,
4/06/33
...
2,891
–
4591961.SQ.FTS.B
,
Zero
Cpn
,
4/06/33
...
1,338
–
4592572.SQ.FTS.B
,
Zero
Cpn
,
4/06/33
...
449
–
4593610.SQ.FTS.B
,
Zero
Cpn
,
4/06/33
...
1,212
–
4604000.SQ.FTS.B
,
Zero
Cpn
,
4/09/33
...
8,181
–
4604804.SQ.FTS.B
,
Zero
Cpn
,
4/09/33
...
785
–
4605063.SQ.FTS.B
,
Zero
Cpn
,
4/10/33
...
1,320
–
4605658.SQ.FTS.B
,
Zero
Cpn
,
4/10/33
...
6,711
–
4606063.SQ.FTS.B
,
Zero
Cpn
,
4/11/33
...
2,752
–
4606489.SQ.FTS.B
,
Zero
Cpn
,
4/11/33
...
12,498
–
4606620.SQ.FTS.B
,
Zero
Cpn
,
4/11/33
...
668
–
Description
Principal
Amount
Value
Block,
Inc.
(continued)
4606932.SQ.FTS.B
,
Zero
Cpn
,
4/11/33
...
$
2,572
$
–
4609460.SQ.FTS.B
,
Zero
Cpn
,
4/12/33
...
2,479
–
4609493.SQ.FTS.B
,
Zero
Cpn
,
4/12/33
...
1,353
–
4610482.SQ.FTS.B
,
Zero
Cpn
,
4/13/33
...
3,367
–
4622664.SQ.FTS.B
,
Zero
Cpn
,
4/15/33
...
3,107
–
4622864.SQ.FTS.B
,
Zero
Cpn
,
4/15/33
...
782
–
4624391.SQ.FTS.B
,
Zero
Cpn
,
4/17/33
...
3,087
–
4624796.SQ.FTS.B
,
Zero
Cpn
,
4/17/33
...
457
–
4625048.SQ.FTS.B
,
Zero
Cpn
,
4/17/33
...
871
–
4626040.SQ.FTS.B
,
Zero
Cpn
,
4/18/33
...
5,792
–
4628862.SQ.FTS.B
,
Zero
Cpn
,
4/19/33
...
8,296
–
4632078.SQ.FTS.B
,
Zero
Cpn
,
4/20/33
...
21,052
–
4638327.SQ.FTS.B
,
Zero
Cpn
,
4/22/33
...
8,661
–
4640261.SQ.FTS.B
,
Zero
Cpn
,
4/24/33
...
549
–
4640985.SQ.FTS.B
,
Zero
Cpn
,
4/25/33
...
1,692
1
4641063.SQ.FTS.B
,
Zero
Cpn
,
4/25/33
...
710
–
4643805.SQ.FTS.B
,
Zero
Cpn
,
4/25/33
...
751
–
4649015.SQ.FTS.B
,
Zero
Cpn
,
4/27/33
...
5,124
–
4649299.SQ.FTS.B
,
Zero
Cpn
,
4/27/33
...
109
–
4655501.SQ.FTS.B
,
Zero
Cpn
,
4/29/33
...
3,367
–
4657541.SQ.FTS.B
,
Zero
Cpn
,
4/30/33
...
836
–
4660081.SQ.FTS.B
,
Zero
Cpn
,
5/01/33
...
422
–
4664137.SQ.FTS.B
,
Zero
Cpn
,
5/02/33
...
2,149
–
4666640.SQ.FTS.B
,
Zero
Cpn
,
5/03/33
...
10,212
–
4674918.SQ.FTS.B
,
Zero
Cpn
,
5/05/33
...
9,934
–
4675113.SQ.FTS.B
,
Zero
Cpn
,
5/05/33
...
163
–
4684412.SQ.FTS.B
,
Zero
Cpn
,
5/08/33
...
2,706
–
4707828.SQ.FTS.B
,
Zero
Cpn
,
5/11/33
...
69
–
4713712.SQ.FTS.B
,
Zero
Cpn
,
5/13/33
...
105
–
4720634.SQ.FTS.B
,
Zero
Cpn
,
5/16/33
...
7,932
–
4725524.SQ.FTS.B
,
Zero
Cpn
,
5/17/33
...
19,384
1
4741690.SQ.FTS.B
,
Zero
Cpn
,
5/18/33
...
524
–
4744012.SQ.FTS.B
,
Zero
Cpn
,
5/18/33
...
2,547
–
4755474.SQ.FTS.B
,
Zero
Cpn
,
5/22/33
...
1,198
–
4756626.SQ.FTS.B
,
Zero
Cpn
,
5/22/33
...
1,533
–
4757364.SQ.FTS.B
,
Zero
Cpn
,
5/22/33
...
2,804
–
4790013.SQ.FTS.B
,
Zero
Cpn
,
5/29/33
...
140
–
4807316.SQ.FTS.B
,
Zero
Cpn
,
6/02/33
...
297
–
4810447.SQ.FTS.B
,
Zero
Cpn
,
6/03/33
...
2,379
–
4814556.SQ.FTS.B
,
Zero
Cpn
,
6/04/33
...
616
–
4814833.SQ.FTS.B
,
Zero
Cpn
,
6/04/33
...
24,496
–
4815651.SQ.FTS.B
,
Zero
Cpn
,
6/05/33
...
629
–
4818987.SQ.FTS.B
,
Zero
Cpn
,
6/06/33
...
2,640
–
4819180.SQ.FTS.B
,
Zero
Cpn
,
6/07/33
...
266
–
4819217.SQ.FTS.B
,
Zero
Cpn
,
6/07/33
...
12,317
3
4821611.SQ.FTS.B
,
Zero
Cpn
,
6/08/33
...
702
–
4823342.SQ.FTS.B
,
Zero
Cpn
,
6/08/33
...
714
–
4827165.SQ.FTS.B
,
Zero
Cpn
,
6/09/33
...
1,298
–
4831089.SQ.FTS.B
,
Zero
Cpn
,
6/10/33
...
3,668
–
4832985.SQ.FTS.B
,
Zero
Cpn
,
6/10/33
...
12,795
1
4836929.SQ.FTS.B
,
Zero
Cpn
,
6/13/33
...
6,637
–
4837116.SQ.FTS.B
,
Zero
Cpn
,
6/13/33
...
2,784
–
4839366.SQ.FTS.B
,
Zero
Cpn
,
6/14/33
...
11,177
–
4839716.SQ.FTS.B
,
Zero
Cpn
,
6/14/33
...
727
–
4840254.SQ.FTS.B
,
Zero
Cpn
,
6/14/33
...
488
–
4840334.SQ.FTS.B
,
Zero
Cpn
,
6/14/33
...
1,577
–
4840427.SQ.FTS.B
,
Zero
Cpn
,
6/14/33
...
6,145
–
4840766.SQ.FTS.B
,
Zero
Cpn
,
6/14/33
...
2,241
–
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)
Block,
Inc.
(continued)
4842339.SQ.FTS.B
,
Zero
Cpn
,
6/15/33
...
$
565
$
–
4843142.SQ.FTS.B
,
Zero
Cpn
,
6/15/33
...
3,959
–
4848471.SQ.FTS.B
,
Zero
Cpn
,
6/16/33
...
2,931
–
4848662.SQ.FTS.B
,
Zero
Cpn
,
6/16/33
...
5,372
–
4848703.SQ.FTS.B
,
Zero
Cpn
,
6/16/33
...
1,526
–
4850020.SQ.FTS.B
,
Zero
Cpn
,
6/16/33
...
156
–
4850454.SQ.FTS.B
,
Zero
Cpn
,
6/16/33
...
1,505
–
4858016.SQ.FTS.B
,
Zero
Cpn
,
6/17/33
...
1,782
–
4860376.SQ.FTS.B
,
Zero
Cpn
,
6/17/33
...
1,539
–
4860428.SQ.FTS.B
,
Zero
Cpn
,
6/17/33
...
179
–
4860575.SQ.FTS.B
,
Zero
Cpn
,
6/17/33
...
431
–
4861177.SQ.FTS.B
,
Zero
Cpn
,
6/17/33
...
526
–
4861282.SQ.FTS.B
,
Zero
Cpn
,
6/17/33
...
2,636
–
4861902.SQ.FTS.B
,
Zero
Cpn
,
6/18/33
...
1,428
–
4861917.SQ.FTS.B
,
Zero
Cpn
,
6/18/33
...
3,378
1
4863326.SQ.FTS.B
,
Zero
Cpn
,
6/19/33
...
3,221
1
4863471.SQ.FTS.B
,
Zero
Cpn
,
6/19/33
...
7,932
–
4866438.SQ.FTS.B
,
Zero
Cpn
,
6/20/33
...
954
–
4866709.SQ.FTS.B
,
Zero
Cpn
,
6/20/33
...
1,837
–
4867919.SQ.FTS.B
,
Zero
Cpn
,
6/21/33
...
6,047
–
4868143.SQ.FTS.B
,
Zero
Cpn
,
6/21/33
...
4,894
–
4868584.SQ.FTS.B
,
Zero
Cpn
,
6/21/33
...
5,694
–
4881733.SQ.FTS.B
,
Zero
Cpn
,
6/28/33
...
726
–
4881919.SQ.FTS.B
,
Zero
Cpn
,
6/28/33
...
793
–
4882161.SQ.FTS.B
,
Zero
Cpn
,
6/28/33
...
203
–
4884630.SQ.FTS.B
,
Zero
Cpn
,
6/29/33
...
527
–
4885937.SQ.FTS.B
,
Zero
Cpn
,
6/29/33
...
2,665
–
4889629.SQ.FTS.B
,
Zero
Cpn
,
7/01/33
...
2,050
–
4889899.SQ.FTS.B
,
Zero
Cpn
,
7/02/33
...
5,336
–
4890016.SQ.FTS.B
,
Zero
Cpn
,
7/02/33
...
1,471
–
4891423.SQ.FTS.B
,
Zero
Cpn
,
7/03/33
...
3,072
–
4901412.SQ.FTS.B
,
Zero
Cpn
,
7/07/33
...
183
–
4901767.SQ.FTS.B
,
Zero
Cpn
,
7/07/33
...
6,776
–
4903860.SQ.FTS.B
,
Zero
Cpn
,
7/09/33
...
2,275
–
4905084.SQ.FTS.B
,
Zero
Cpn
,
7/10/33
...
1,978
–
4906129.SQ.FTS.B
,
Zero
Cpn
,
7/10/33
...
766
–
4910039.SQ.FTS.B
,
Zero
Cpn
,
7/12/33
...
983
–
4924498.SQ.FTS.B
,
Zero
Cpn
,
7/17/33
...
2,892
1
4925900.SQ.FTS.B
,
Zero
Cpn
,
7/18/33
...
4,334
–
4926237.SQ.FTS.B
,
Zero
Cpn
,
7/18/33
...
7,821
–
4926957.SQ.FTS.B
,
Zero
Cpn
,
7/19/33
...
1,660
–
4928138.SQ.FTS.B
,
Zero
Cpn
,
7/19/33
...
6,946
–
4928279.SQ.FTS.B
,
Zero
Cpn
,
7/19/33
...
991
–
4928795.SQ.FTS.B
,
Zero
Cpn
,
7/19/33
...
21,198
1
4931407.SQ.FTS.B
,
Zero
Cpn
,
7/20/33
...
758
–
4931889.SQ.FTS.B
,
Zero
Cpn
,
7/20/33
...
1,469
–
4933844.SQ.FTS.B
,
Zero
Cpn
,
7/21/33
...
19,305
–
4935340.SQ.FTS.B
,
Zero
Cpn
,
7/22/33
...
172
–
4935527.SQ.FTS.B
,
Zero
Cpn
,
7/22/33
...
1,418
–
4935556.SQ.FTS.B
,
Zero
Cpn
,
7/22/33
...
496
–
4935758.SQ.FTS.B
,
Zero
Cpn
,
7/23/33
...
717
–
4935784.SQ.FTS.B
,
Zero
Cpn
,
7/23/33
...
749
–
4936861.SQ.FTS.B
,
Zero
Cpn
,
7/24/33
...
1,307
–
4937255.SQ.FTS.B
,
Zero
Cpn
,
7/24/33
...
1,941
–
4954900.SQ.FTS.B
,
Zero
Cpn
,
7/28/33
...
4,177
–
4962054.SQ.FTS.B
,
Zero
Cpn
,
7/31/33
...
8,398
1
4962523.SQ.FTS.B
,
Zero
Cpn
,
7/31/33
...
4,563
–
4964207.SQ.FTS.B
,
Zero
Cpn
,
8/01/33
...
872
–
Description
Principal
Amount
Value
Block,
Inc.
(continued)
4967874.SQ.FTS.B
,
Zero
Cpn
,
8/02/33
...
$
6,630
$
–
4976894.SQ.FTS.B
,
Zero
Cpn
,
8/07/33
...
2,452
–
4977295.SQ.FTS.B
,
Zero
Cpn
,
8/07/33
...
5,717
–
4980302.SQ.FTS.B
,
Zero
Cpn
,
8/08/33
...
5,164
1
4980891.SQ.FTS.B
,
Zero
Cpn
,
8/08/33
...
7,938
–
4985573.SQ.FTS.B
,
Zero
Cpn
,
8/10/33
...
3,505
–
4985801.SQ.FTS.B
,
Zero
Cpn
,
8/10/33
...
3,070
–
4986950.SQ.FTS.B
,
Zero
Cpn
,
8/10/33
...
1,026
–
4989680.SQ.FTS.B
,
Zero
Cpn
,
8/11/33
...
6,187
–
4990405.SQ.FTS.B
,
Zero
Cpn
,
8/12/33
...
3,554
1
4990803.SQ.FTS.B
,
Zero
Cpn
,
8/12/33
...
280
1
4990927.SQ.FTS.B
,
Zero
Cpn
,
8/12/33
...
1,216
–
4991162.SQ.FTS.B
,
Zero
Cpn
,
8/13/33
...
5,956
–
4993286.SQ.FTS.B
,
Zero
Cpn
,
8/14/33
...
1,167
–
4993377.SQ.FTS.B
,
Zero
Cpn
,
8/14/33
...
1,027
–
4993884.SQ.FTS.B
,
Zero
Cpn
,
8/14/33
...
2,371
–
4994536.SQ.FTS.B
,
Zero
Cpn
,
8/14/33
...
77
–
4994636.SQ.FTS.B
,
Zero
Cpn
,
8/15/33
...
1,945
–
4999801.SQ.FTS.B
,
Zero
Cpn
,
8/15/33
...
7,631
–
5002638.SQ.FTS.B
,
Zero
Cpn
,
8/15/33
...
1,671
–
5002851.SQ.FTS.B
,
Zero
Cpn
,
8/15/33
...
2,134
–
5003760.SQ.FTS.B
,
Zero
Cpn
,
8/15/33
...
2,712
–
5017280.SQ.FTS.B
,
Zero
Cpn
,
8/17/33
...
6,962
–
5019634.SQ.FTS.B
,
Zero
Cpn
,
8/17/33
...
1,814
–
5024347.SQ.FTS.B
,
Zero
Cpn
,
8/18/33
...
2,526
–
5025260.SQ.FTS.B
,
Zero
Cpn
,
8/18/33
...
427
–
5025377.SQ.FTS.B
,
Zero
Cpn
,
8/18/33
...
4,937
–
5025999.SQ.FTS.B
,
Zero
Cpn
,
8/19/33
...
4,449
–
5026387.SQ.FTS.B
,
Zero
Cpn
,
8/19/33
...
1,641
–
5027200.SQ.FTS.B
,
Zero
Cpn
,
8/21/33
...
811
–
5034542.SQ.FTS.B
,
Zero
Cpn
,
8/23/33
...
3,605
1
5035879.SQ.FTS.B
,
Zero
Cpn
,
8/23/33
...
757
–
5037885.SQ.FTS.B
,
Zero
Cpn
,
8/24/33
...
10,799
1
5041320.SQ.FTS.B
,
Zero
Cpn
,
8/25/33
...
6,419
2
5044612.SQ.FTS.B
,
Zero
Cpn
,
8/27/33
...
309
–
5045398.SQ.FTS.B
,
Zero
Cpn
,
8/28/33
...
9,125
3
5045876.SQ.FTS.B
,
Zero
Cpn
,
8/28/33
...
6,187
1
5047833.SQ.FTS.B
,
Zero
Cpn
,
8/28/33
...
3,738
–
5048228.SQ.FTS.B
,
Zero
Cpn
,
9/01/33
...
273
–
5049827.SQ.FTS.B
,
Zero
Cpn
,
9/01/33
...
3,982
9
5050370.SQ.FTS.B
,
Zero
Cpn
,
9/01/33
...
17,390
–
5051202.SQ.FTS.B
,
Zero
Cpn
,
9/02/33
...
402
–
5051339.SQ.FTS.B
,
Zero
Cpn
,
9/02/33
...
1,372
–
5059388.SQ.FTS.B
,
Zero
Cpn
,
9/04/33
...
578
–
5059779.SQ.FTS.B
,
Zero
Cpn
,
9/04/33
...
14,748
213
5061477.SQ.FTS.B
,
Zero
Cpn
,
9/04/33
...
5,939
–
5062144.SQ.FTS.B
,
Zero
Cpn
,
9/05/33
...
400
–
5065231.SQ.FTS.B
,
Zero
Cpn
,
9/07/33
...
7,752
2
5066009.SQ.FTS.B
,
Zero
Cpn
,
9/08/33
...
6,897
239
5067639.SQ.FTS.B
,
Zero
Cpn
,
9/08/33
...
8,253
1
5068585.SQ.FTS.B
,
Zero
Cpn
,
9/08/33
...
2,845
5
5069032.SQ.FTS.B
,
Zero
Cpn
,
9/09/33
...
5,100
123
5069067.SQ.FTS.B
,
Zero
Cpn
,
9/09/33
...
12,169
2
5073148.SQ.FTS.B
,
Zero
Cpn
,
9/10/33
...
7,251
8
5074113.SQ.FTS.B
,
Zero
Cpn
,
9/10/33
...
38,423
3
5074740.SQ.FTS.B
,
Zero
Cpn
,
9/10/33
...
3,030
92
5074780.SQ.FTS.B
,
Zero
Cpn
,
9/10/33
...
1,174
–
5078382.SQ.FTS.B
,
Zero
Cpn
,
9/12/33
...
979
–
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)
Block,
Inc.
(continued)
5080951.SQ.FTS.B
,
Zero
Cpn
,
9/14/33
...
$
654
$
–
5081394.SQ.FTS.B
,
Zero
Cpn
,
9/14/33
...
9,547
2
5082041.SQ.FTS.B
,
Zero
Cpn
,
9/14/33
...
2,897
3
5082286.SQ.FTS.B
,
Zero
Cpn
,
9/15/33
...
2,381
–
5086472.SQ.FTS.B
,
Zero
Cpn
,
9/16/33
...
1,605
58
5086626.SQ.FTS.B
,
Zero
Cpn
,
9/16/33
...
1,016
1
5089593.SQ.FTS.B
,
Zero
Cpn
,
9/17/33
...
3,289
1
5090813.SQ.FTS.B
,
Zero
Cpn
,
9/17/33
...
4,919
1
5091416.SQ.FTS.B
,
Zero
Cpn
,
9/18/33
...
13,876
167
5092572.SQ.FTS.B
,
Zero
Cpn
,
9/18/33
...
4,043
7
5093886.SQ.FTS.B
,
Zero
Cpn
,
9/19/33
...
2,277
1
5094586.SQ.FTS.B
,
Zero
Cpn
,
9/20/33
...
2,003
3
5095170.SQ.FTS.B
,
Zero
Cpn
,
9/21/33
...
2,536
6
5096503.SQ.FTS.B
,
Zero
Cpn
,
9/21/33
...
9,495
20
5097173.SQ.FTS.B
,
Zero
Cpn
,
9/21/33
...
729
–
5098444.SQ.FTS.B
,
Zero
Cpn
,
9/22/33
...
4,780
3
5099132.SQ.FTS.B
,
Zero
Cpn
,
9/22/33
...
37,393
39
5102220.SQ.FTS.B
,
Zero
Cpn
,
9/23/33
...
2,484
1
5104481.SQ.FTS.B
,
Zero
Cpn
,
9/24/33
...
1,513
1
5107188.SQ.FTS.B
,
Zero
Cpn
,
9/24/33
...
2,474
1
5109124.SQ.FTS.B
,
Zero
Cpn
,
9/25/33
...
519
–
5109714.SQ.FTS.B
,
Zero
Cpn
,
9/25/33
...
8,108
11
5111943.SQ.FTS.B
,
Zero
Cpn
,
9/28/33
...
851
–
5113482.SQ.FTS.B
,
Zero
Cpn
,
9/28/33
...
1,726
34
5114309.SQ.FTS.B
,
Zero
Cpn
,
9/28/33
...
906
–
5114403.SQ.FTS.B
,
Zero
Cpn
,
9/28/33
...
1,028
–
5115942.SQ.FTS.B
,
Zero
Cpn
,
9/29/33
...
25,309
8
5117310.SQ.FTS.B
,
Zero
Cpn
,
9/30/33
...
4,690
2
5118308.SQ.FTS.B
,
Zero
Cpn
,
9/30/33
...
6,298
7
5118981.SQ.FTS.B
,
Zero
Cpn
,
9/30/33
...
3,773
4
5119496.SQ.FTS.B
,
Zero
Cpn
,
9/30/33
...
4,666
4
5122010.SQ.FTS.B
,
Zero
Cpn
,
9/30/33
...
629
–
5122298.SQ.FTS.B
,
Zero
Cpn
,
9/30/33
...
1,008
–
5125832.SQ.FTS.B
,
Zero
Cpn
,
10/01/33
..
649
–
5126318.SQ.FTS.B
,
Zero
Cpn
,
10/01/33
..
305
–
5128139.SQ.FTS.B
,
Zero
Cpn
,
10/02/33
..
1,521
3
5128160.SQ.FTS.B
,
Zero
Cpn
,
10/02/33
..
2,113
1
5129089.SQ.FTS.B
,
Zero
Cpn
,
10/03/33
..
5,922
4
5131068.SQ.FTS.B
,
Zero
Cpn
,
10/04/33
..
995
1
5134453.SQ.FTS.B
,
Zero
Cpn
,
10/05/33
..
589
1
5134858.SQ.FTS.B
,
Zero
Cpn
,
10/05/33
..
206
–
5135989.SQ.FTS.B
,
Zero
Cpn
,
10/05/33
..
6,343
6
5138063.SQ.FTS.B
,
Zero
Cpn
,
10/06/33
..
13,589
25
5143578.SQ.FTS.B
,
Zero
Cpn
,
10/07/33
..
597
1
5143602.SQ.FTS.B
,
Zero
Cpn
,
10/07/33
..
1,106
1
5143636.SQ.FTS.B
,
Zero
Cpn
,
10/07/33
..
22,568
29
5144702.SQ.FTS.B
,
Zero
Cpn
,
10/07/33
..
2,530
1
5145611.SQ.FTS.B
,
Zero
Cpn
,
10/08/33
..
415
1
5145759.SQ.FTS.B
,
Zero
Cpn
,
10/08/33
..
11,012
3
5147227.SQ.FTS.B
,
Zero
Cpn
,
10/08/33
..
2,903
3
5148494.SQ.FTS.B
,
Zero
Cpn
,
10/09/33
..
769
3
5149258.SQ.FTS.B
,
Zero
Cpn
,
10/10/33
..
2,200
1
5153196.SQ.FTS.B
,
Zero
Cpn
,
10/11/33
..
13,914
17
5154671.SQ.FTS.B
,
Zero
Cpn
,
10/12/33
..
674
1
5154721.SQ.FTS.B
,
Zero
Cpn
,
10/12/33
..
364
21
5155863.SQ.FTS.B
,
Zero
Cpn
,
10/12/33
..
10,908
9
5158276.SQ.FTS.B
,
Zero
Cpn
,
10/13/33
..
4,505
15
5164900.SQ.FTS.B
,
Zero
Cpn
,
10/14/33
..
2,484
5
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5165031.SQ.FTS.B
,
Zero
Cpn
,
10/14/33
..
$
523
$
1
5165513.SQ.FTS.B
,
Zero
Cpn
,
10/14/33
..
535
1
5167068.SQ.FTS.B
,
Zero
Cpn
,
10/15/33
..
886
59
5167306.SQ.FTS.B
,
Zero
Cpn
,
10/15/33
..
164
18
5167520.SQ.FTS.B
,
Zero
Cpn
,
10/15/33
..
792
1
5178623.SQ.FTS.B
,
Zero
Cpn
,
10/18/33
..
2,451
5
5184669.SQ.FTS.B
,
Zero
Cpn
,
10/19/33
..
3,872
4
5185667.SQ.FTS.B
,
Zero
Cpn
,
10/20/33
..
14,855
1,207
5204516.SQ.FTS.B
,
Zero
Cpn
,
10/22/33
..
12,116
8
5207596.SQ.FTS.B
,
Zero
Cpn
,
10/22/33
..
397
27
5216243.SQ.FTS.B
,
Zero
Cpn
,
10/26/33
..
2,570
5
5218743.SQ.FTS.B
,
Zero
Cpn
,
10/26/33
..
14,574
19
5220666.SQ.FTS.B
,
Zero
Cpn
,
10/26/33
..
343
–
5220688.SQ.FTS.B
,
Zero
Cpn
,
10/26/33
..
25,349
64
5234308.SQ.FTS.B
,
Zero
Cpn
,
10/28/33
..
2,041
2
5235201.SQ.FTS.B
,
Zero
Cpn
,
10/29/33
..
1,059
1
5239980.SQ.FTS.B
,
Zero
Cpn
,
10/30/33
..
4,342
4
5240149.SQ.FTS.B
,
Zero
Cpn
,
10/30/33
..
487
1
5240240.SQ.FTS.B
,
Zero
Cpn
,
10/30/33
..
3,565
5
5240977.SQ.FTS.B
,
Zero
Cpn
,
11/01/33
..
1,605
2
5243643.SQ.FTS.B
,
Zero
Cpn
,
11/02/33
..
3,274
6
5243677.SQ.FTS.B
,
Zero
Cpn
,
11/02/33
..
199
1
5246929.SQ.FTS.B
,
Zero
Cpn
,
11/03/33
..
3,004
7
5248838.SQ.FTS.B
,
Zero
Cpn
,
11/03/33
..
3,589
16
5249081.SQ.FTS.B
,
Zero
Cpn
,
11/03/33
..
1,535
2
5250046.SQ.FTS.B
,
Zero
Cpn
,
11/03/33
..
104
–
5251234.SQ.FTS.B
,
Zero
Cpn
,
11/03/33
..
12,595
29
5251513.SQ.FTS.B
,
Zero
Cpn
,
11/03/33
..
1,257
3
5262859.SQ.FTS.B
,
Zero
Cpn
,
11/05/33
..
6,228
12
5270493.SQ.FTS.B
,
Zero
Cpn
,
11/06/33
..
1,448
1
5271294.SQ.FTS.B
,
Zero
Cpn
,
11/06/33
..
743
3
5271481.SQ.FTS.B
,
Zero
Cpn
,
11/06/33
..
872
2
5271882.SQ.FTS.B
,
Zero
Cpn
,
11/06/33
..
6,771
25
5273816.SQ.FTS.B
,
Zero
Cpn
,
11/08/33
..
1,760
5
5273861.SQ.FTS.B
,
Zero
Cpn
,
11/08/33
..
2,965
7
5281948.SQ.FTS.B
,
Zero
Cpn
,
11/10/33
..
29,541
63
5282925.SQ.FTS.B
,
Zero
Cpn
,
11/11/33
..
2,496
7
5291714.SQ.FTS.B
,
Zero
Cpn
,
11/13/33
..
7,230
29
5292413.SQ.FTS.B
,
Zero
Cpn
,
11/13/33
..
7,292
12
5293647.SQ.FTS.B
,
Zero
Cpn
,
11/14/33
..
3,154
4
5294178.SQ.FTS.B
,
Zero
Cpn
,
11/14/33
..
4,625
8
5294931.SQ.FTS.B
,
Zero
Cpn
,
11/15/33
..
875
4
5296152.SQ.FTS.B
,
Zero
Cpn
,
11/16/33
..
3,005
3
5297124.SQ.FTS.B
,
Zero
Cpn
,
11/16/33
..
4,734
276
5297679.SQ.FTS.B
,
Zero
Cpn
,
11/16/33
..
4,327
8
5297749.SQ.FTS.B
,
Zero
Cpn
,
11/16/33
..
4,815
8
5297998.SQ.FTS.B
,
Zero
Cpn
,
11/16/33
..
636
–
5303325.SQ.FTS.B
,
Zero
Cpn
,
11/17/33
..
2,069
9
5308374.SQ.FTS.B
,
Zero
Cpn
,
11/18/33
..
1,834
3
5308440.SQ.FTS.B
,
Zero
Cpn
,
11/18/33
..
1,850
3
5309472.SQ.FTS.B
,
Zero
Cpn
,
11/18/33
..
3,112
2
5310662.SQ.FTS.B
,
Zero
Cpn
,
11/18/33
..
822
128
5310909.SQ.FTS.B
,
Zero
Cpn
,
11/18/33
..
14,880
19
5312989.SQ.FTS.B
,
Zero
Cpn
,
11/18/33
..
886
1
5313199.SQ.FTS.B
,
Zero
Cpn
,
11/18/33
..
2,846
14
5313296.SQ.FTS.B
,
Zero
Cpn
,
11/18/33
..
1,043
3
5313526.SQ.FTS.B
,
Zero
Cpn
,
11/18/33
..
1,853
2
5316141.SQ.FTS.B
,
Zero
Cpn
,
11/19/33
..
2,035
276
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)
Block,
Inc.
(continued)
5318154.SQ.FTS.B
,
Zero
Cpn
,
11/19/33
..
$
1,339
$
3
5318776.SQ.FTS.B
,
Zero
Cpn
,
11/19/33
..
15,271
69
5319254.SQ.FTS.B
,
Zero
Cpn
,
11/19/33
..
875
1
5321246.SQ.FTS.B
,
Zero
Cpn
,
11/20/33
..
9,240
15
5324445.SQ.FTS.B
,
Zero
Cpn
,
11/21/33
..
1,002
158
5324505.SQ.FTS.B
,
Zero
Cpn
,
11/21/33
..
732
2
5324511.SQ.FTS.B
,
Zero
Cpn
,
11/21/33
..
762
51
5325032.SQ.FTS.B
,
Zero
Cpn
,
11/22/33
..
1,289
3
5325685.SQ.FTS.B
,
Zero
Cpn
,
11/22/33
..
671
1
5326604.SQ.FTS.B
,
Zero
Cpn
,
11/23/33
..
1,332
7
5330352.SQ.FTS.B
,
Zero
Cpn
,
11/23/33
..
4,757
6
5330620.SQ.FTS.B
,
Zero
Cpn
,
11/24/33
..
262
1
5331180.SQ.FTS.B
,
Zero
Cpn
,
11/24/33
..
2,904
9
5336855.SQ.FTS.B
,
Zero
Cpn
,
11/25/33
..
1,804
208
5337877.SQ.FTS.B
,
Zero
Cpn
,
11/25/33
..
256
–
5368153.SQ.FTS.B
,
Zero
Cpn
,
11/27/33
..
1,070
1
5369187.SQ.FTS.B
,
Zero
Cpn
,
11/27/33
..
237
21
5376799.SQ.FTS.B
,
Zero
Cpn
,
11/27/33
..
4,624
14
5378398.SQ.FTS.B
,
Zero
Cpn
,
11/27/33
..
32,690
33
5381030.SQ.FTS.B
,
Zero
Cpn
,
11/28/33
..
10,498
55
5381932.SQ.FTS.B
,
Zero
Cpn
,
11/29/33
..
741
2
5383396.SQ.FTS.B
,
Zero
Cpn
,
11/30/33
..
105
–
5383412.SQ.FTS.B
,
Zero
Cpn
,
11/30/33
..
2,807
7
5398394.SQ.FTS.B
,
Zero
Cpn
,
11/30/33
..
777
2
5413606.SQ.FTS.B
,
Zero
Cpn
,
12/01/33
..
2,850
7
5440393.SQ.FTS.B
,
Zero
Cpn
,
12/02/33
..
513
1
5442439.SQ.FTS.B
,
Zero
Cpn
,
12/02/33
..
1,242
2
5471273.SQ.FTS.B
,
Zero
Cpn
,
12/03/33
..
1,167
1
5471332.SQ.FTS.B
,
Zero
Cpn
,
12/03/33
..
12,560
52
5472730.SQ.FTS.B
,
Zero
Cpn
,
12/04/33
..
3,743
7
5472763.SQ.FTS.B
,
Zero
Cpn
,
12/04/33
..
2,711
5
5473236.SQ.FTS.B
,
Zero
Cpn
,
12/04/33
..
6,897
6
5473309.SQ.FTS.B
,
Zero
Cpn
,
12/04/33
..
1,962
10
5474033.SQ.FTS.B
,
Zero
Cpn
,
12/05/33
..
1,011
5
5493687.SQ.FTS.B
,
Zero
Cpn
,
12/07/33
..
1,582
3
5495244.SQ.FTS.B
,
Zero
Cpn
,
12/07/33
..
1,565
8
5501790.SQ.FTS.B
,
Zero
Cpn
,
12/07/33
..
1,322
119
5502597.SQ.FTS.B
,
Zero
Cpn
,
12/07/33
..
6,676
36
5504275.SQ.FTS.B
,
Zero
Cpn
,
12/07/33
..
1,678
6
5504334.SQ.FTS.B
,
Zero
Cpn
,
12/07/33
..
2,881
11
5515632.SQ.FTS.B
,
Zero
Cpn
,
12/08/33
..
876
2
5515935.SQ.FTS.B
,
Zero
Cpn
,
12/08/33
..
1,582
7
5517225.SQ.FTS.B
,
Zero
Cpn
,
12/08/33
..
132
1
5530682.SQ.FTS.B
,
Zero
Cpn
,
12/09/33
..
8,257
13
5531634.SQ.FTS.B
,
Zero
Cpn
,
12/09/33
..
16,877
38
5534538.SQ.FTS.B
,
Zero
Cpn
,
12/10/33
..
3,044
5
5537511.SQ.FTS.B
,
Zero
Cpn
,
12/10/33
..
82
14
5539742.SQ.FTS.B
,
Zero
Cpn
,
12/11/33
..
3,222
9
5542232.SQ.FTS.B
,
Zero
Cpn
,
12/13/33
..
9,576
28
5543476.SQ.FTS.B
,
Zero
Cpn
,
12/13/33
..
697
1
5546767.SQ.FTS.B
,
Zero
Cpn
,
12/13/33
..
9,786
50
5551837.SQ.FTS.B
,
Zero
Cpn
,
12/14/33
..
3,976
6
5553801.SQ.FTS.B
,
Zero
Cpn
,
12/14/33
..
15,160
42
5553995.SQ.FTS.B
,
Zero
Cpn
,
12/14/33
..
680
1
5564400.SQ.FTS.B
,
Zero
Cpn
,
12/16/33
..
4,180
9
5564465.SQ.FTS.B
,
Zero
Cpn
,
12/16/33
..
3,809
7
5564739.SQ.FTS.B
,
Zero
Cpn
,
12/17/33
..
4,014
8
5565342.SQ.FTS.B
,
Zero
Cpn
,
12/17/33
..
1,550
3
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5565718.SQ.FTS.B
,
Zero
Cpn
,
12/17/33
..
$
1,113
$
2
5566977.SQ.FTS.B
,
Zero
Cpn
,
12/17/33
..
4,680
9
5568613.SQ.FTS.B
,
Zero
Cpn
,
12/18/33
..
7,092
12
5571039.SQ.FTS.B
,
Zero
Cpn
,
12/20/33
..
585
4
5571610.SQ.FTS.B
,
Zero
Cpn
,
12/20/33
..
10,025
22
5574449.SQ.FTS.B
,
Zero
Cpn
,
12/21/33
..
8,365
62
5574619.SQ.FTS.B
,
Zero
Cpn
,
12/21/33
..
1,300
4
5574770.SQ.FTS.B
,
Zero
Cpn
,
12/21/33
..
6,554
1,110
5575277.SQ.FTS.B
,
Zero
Cpn
,
12/21/33
..
147
26
5575354.SQ.FTS.B
,
Zero
Cpn
,
12/21/33
..
1,830
197
5578293.SQ.FTS.B
,
Zero
Cpn
,
12/22/33
..
4,171
12
5581220.SQ.FTS.B
,
Zero
Cpn
,
12/23/33
..
2,766
334
5581405.SQ.FTS.B
,
Zero
Cpn
,
12/23/33
..
1,251
4
5581428.SQ.FTS.B
,
Zero
Cpn
,
12/23/33
..
2,217
250
5581964.SQ.FTS.B
,
Zero
Cpn
,
12/23/33
..
4,006
880
5582638.SQ.FTS.B
,
Zero
Cpn
,
12/23/33
..
1,582
4
5582775.SQ.FTS.B
,
Zero
Cpn
,
12/23/33
..
565
2
5583691.SQ.FTS.B
,
Zero
Cpn
,
12/23/33
..
1,683
4
5585193.SQ.FTS.B
,
Zero
Cpn
,
12/24/33
..
1,038
4
5587763.SQ.FTS.B
,
Zero
Cpn
,
12/24/33
..
13,450
28
5587897.SQ.FTS.B
,
Zero
Cpn
,
12/24/33
..
21,318
34
5588620.SQ.FTS.B
,
Zero
Cpn
,
12/25/33
..
4,534
16
5588868.SQ.FTS.B
,
Zero
Cpn
,
12/26/33
..
2,471
5
5589011.SQ.FTS.B
,
Zero
Cpn
,
12/26/33
..
996
3
5589268.SQ.FTS.B
,
Zero
Cpn
,
12/26/33
..
447
1
5593696.SQ.FTS.B
,
Zero
Cpn
,
12/28/33
..
16,651
99
5594128.SQ.FTS.B
,
Zero
Cpn
,
12/28/33
..
3,289
19
5609439.SQ.FTS.B
,
Zero
Cpn
,
12/30/33
..
2,708
16
5611249.SQ.FTS.B
,
Zero
Cpn
,
12/30/33
..
1,749
7
5613593.SQ.FTS.B
,
Zero
Cpn
,
1/01/34
...
960
9
5614043.SQ.FTS.B
,
Zero
Cpn
,
1/01/34
...
624
2
5619805.SQ.FTS.B
,
Zero
Cpn
,
1/04/34
...
479
95
5629056.SQ.FTS.B
,
Zero
Cpn
,
1/06/34
...
1,080
5
5641293.SQ.FTS.B
,
Zero
Cpn
,
1/07/34
...
2,612
9
5644715.SQ.FTS.B
,
Zero
Cpn
,
1/07/34
...
4,969
36
5644959.SQ.FTS.B
,
Zero
Cpn
,
1/07/34
...
10,493
28
5646926.SQ.FTS.B
,
Zero
Cpn
,
1/07/34
...
4,350
36
5655794.SQ.FTS.B
,
Zero
Cpn
,
1/09/34
...
265
1
5655805.SQ.FTS.B
,
Zero
Cpn
,
1/09/34
...
9,103
44
5656317.SQ.FTS.B
,
Zero
Cpn
,
1/10/34
...
3,805
12
5656603.SQ.FTS.B
,
Zero
Cpn
,
1/10/34
...
812
3
5656707.SQ.FTS.B
,
Zero
Cpn
,
1/10/34
...
3,920
16
5656852.SQ.FTS.B
,
Zero
Cpn
,
1/10/34
...
716
6
5661432.SQ.FTS.B
,
Zero
Cpn
,
1/11/34
...
27,848
68
5666857.SQ.FTS.B
,
Zero
Cpn
,
1/12/34
...
50,254
208
5670099.SQ.FTS.B
,
Zero
Cpn
,
1/12/34
...
1,442
5
5670219.SQ.FTS.B
,
Zero
Cpn
,
1/12/34
...
4,058
980
5672062.SQ.FTS.B
,
Zero
Cpn
,
1/12/34
...
957
3
5672657.SQ.FTS.B
,
Zero
Cpn
,
1/13/34
...
1,961
5
5672716.SQ.FTS.B
,
Zero
Cpn
,
1/13/34
...
1,622
5
5689054.SQ.FTS.B
,
Zero
Cpn
,
1/14/34
...
354
2
5694752.SQ.FTS.B
,
Zero
Cpn
,
1/14/34
...
35,953
147
5696224.SQ.FTS.B
,
Zero
Cpn
,
1/15/34
...
4,134
15
5698837.SQ.FTS.B
,
Zero
Cpn
,
1/15/34
...
8,377
30
5701510.SQ.FTS.B
,
Zero
Cpn
,
1/15/34
...
251
1
5702064.SQ.FTS.B
,
Zero
Cpn
,
1/15/34
...
1,794
14
5703564.SQ.FTS.B
,
Zero
Cpn
,
1/17/34
...
5,948
41
5705331.SQ.FTS.B
,
Zero
Cpn
,
1/18/34
...
47
5
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)
Block,
Inc.
(continued)
5709306.SQ.FTS.B
,
Zero
Cpn
,
1/18/34
...
$
5,112
$
16
5714621.SQ.FTS.B
,
Zero
Cpn
,
1/19/34
...
24,691
2,923
5715524.SQ.FTS.B
,
Zero
Cpn
,
1/19/34
...
1,945
15
5719339.SQ.FTS.B
,
Zero
Cpn
,
1/20/34
...
1,667
3
5720196.SQ.FTS.B
,
Zero
Cpn
,
1/20/34
...
869
6
5720995.SQ.FTS.B
,
Zero
Cpn
,
1/20/34
...
383
1
5721008.SQ.FTS.B
,
Zero
Cpn
,
1/20/34
...
4,207
15
5721363.SQ.FTS.B
,
Zero
Cpn
,
1/20/34
...
47,507
163
5726619.SQ.FTS.B
,
Zero
Cpn
,
1/21/34
...
11,825
44
5729353.SQ.FTS.B
,
Zero
Cpn
,
1/21/34
...
1,214
350
5732481.SQ.FTS.B
,
Zero
Cpn
,
1/22/34
...
913
41
5733912.SQ.FTS.B
,
Zero
Cpn
,
1/22/34
...
14,207
92
5734473.SQ.FTS.B
,
Zero
Cpn
,
1/22/34
...
4,239
15
5739318.SQ.FTS.B
,
Zero
Cpn
,
1/25/34
...
9,310
33
5741480.SQ.FTS.B
,
Zero
Cpn
,
1/26/34
...
251
44
5741942.SQ.FTS.B
,
Zero
Cpn
,
1/26/34
...
5,645
1,766
5743692.SQ.FTS.B
,
Zero
Cpn
,
1/27/34
...
2,366
9
5743913.SQ.FTS.B
,
Zero
Cpn
,
1/27/34
...
14,974
62
5745525.SQ.FTS.B
,
Zero
Cpn
,
1/27/34
...
3,073
27
5756490.SQ.FTS.B
,
Zero
Cpn
,
1/29/34
...
28,616
79
5756660.SQ.FTS.B
,
Zero
Cpn
,
1/30/34
...
17,332
68
5757260.SQ.FTS.B
,
Zero
Cpn
,
1/30/34
...
64
17
5757294.SQ.FTS.B
,
Zero
Cpn
,
1/30/34
...
5,660
18
5767523.SQ.FTS.B
,
Zero
Cpn
,
2/03/34
...
17,755
79
5767979.SQ.FTS.B
,
Zero
Cpn
,
2/03/34
...
2,624
7
5769375.SQ.FTS.B
,
Zero
Cpn
,
2/03/34
...
2,824
23
5772616.SQ.FTS.B
,
Zero
Cpn
,
2/04/34
...
10,404
55
5774638.SQ.FTS.B
,
Zero
Cpn
,
2/04/34
...
424
3
5775630.SQ.FTS.B
,
Zero
Cpn
,
2/05/34
...
3,081
25
5777849.SQ.FTS.B
,
Zero
Cpn
,
2/05/34
...
3,303
15
5778637.SQ.FTS.B
,
Zero
Cpn
,
2/05/34
...
745
2
5778756.SQ.FTS.B
,
Zero
Cpn
,
2/05/34
...
2,847
12
5778865.SQ.FTS.B
,
Zero
Cpn
,
2/05/34
...
2,857
727
5779967.SQ.FTS.B
,
Zero
Cpn
,
2/06/34
...
2,379
7
5780239.SQ.FTS.B
,
Zero
Cpn
,
2/07/34
...
7,900
96
5782195.SQ.FTS.B
,
Zero
Cpn
,
2/08/34
...
1,128
6
5784888.SQ.FTS.B
,
Zero
Cpn
,
2/09/34
...
838
12
5788233.SQ.FTS.B
,
Zero
Cpn
,
2/09/34
...
881
13
5788805.SQ.FTS.B
,
Zero
Cpn
,
2/09/34
...
20,630
94
5789379.SQ.FTS.B
,
Zero
Cpn
,
2/09/34
...
150
25
5793198.SQ.FTS.B
,
Zero
Cpn
,
2/10/34
...
14,656
154
5795334.SQ.FTS.B
,
Zero
Cpn
,
2/10/34
...
2,288
18
5796633.SQ.FTS.B
,
Zero
Cpn
,
2/10/34
...
2,959
8
5796654.SQ.FTS.B
,
Zero
Cpn
,
2/10/34
...
23,973
136
5801833.SQ.FTS.B
,
Zero
Cpn
,
2/11/34
...
1,116
7
5802042.SQ.FTS.B
,
Zero
Cpn
,
2/11/34
...
49,428
4,704
5804251.SQ.FTS.B
,
Zero
Cpn
,
2/11/34
...
4,285
1,243
5805328.SQ.FTS.B
,
Zero
Cpn
,
2/11/34
...
297
2
5805369.SQ.FTS.B
,
Zero
Cpn
,
2/11/34
...
2,188
6
5805398.SQ.FTS.B
,
Zero
Cpn
,
2/11/34
...
2,828
26
5805490.SQ.FTS.B
,
Zero
Cpn
,
2/11/34
...
629
3
5808150.SQ.FTS.B
,
Zero
Cpn
,
2/12/34
...
1,070
261
5809849.SQ.FTS.B
,
Zero
Cpn
,
2/12/34
...
2,395
10
5811504.SQ.FTS.B
,
Zero
Cpn
,
2/12/34
...
13,131
58
5816654.SQ.FTS.B
,
Zero
Cpn
,
2/15/34
...
13,550
74
5818437.SQ.FTS.B
,
Zero
Cpn
,
2/15/34
...
2,009
504
5818633.SQ.FTS.B
,
Zero
Cpn
,
2/15/34
...
762
227
5821663.SQ.FTS.B
,
Zero
Cpn
,
2/16/34
...
2,685
16
Description
Principal
Amount
Value
Block,
Inc.
(continued)
5821739.SQ.FTS.B
,
Zero
Cpn
,
2/16/34
...
$
25,980
$
6,867
5823402.SQ.FTS.B
,
Zero
Cpn
,
2/17/34
...
16,878
4,412
5824064.SQ.FTS.B
,
Zero
Cpn
,
2/17/34
...
16,472
157
5824290.SQ.FTS.B
,
Zero
Cpn
,
2/17/34
...
1,207
6
5827715.SQ.FTS.B
,
Zero
Cpn
,
2/18/34
...
3,528
12
5831642.SQ.FTS.B
,
Zero
Cpn
,
2/19/34
...
3,872
33
5832876.SQ.FTS.B
,
Zero
Cpn
,
2/19/34
...
888
5
5832933.SQ.FTS.B
,
Zero
Cpn
,
2/19/34
...
871
5
5832996.SQ.FTS.B
,
Zero
Cpn
,
2/19/34
...
465
55
5833744.SQ.FTS.B
,
Zero
Cpn
,
2/19/34
...
4,166
23
5835427.SQ.FTS.B
,
Zero
Cpn
,
2/21/34
...
156
1
5840032.SQ.FTS.B
,
Zero
Cpn
,
2/23/34
...
18,482
92
5843566.SQ.FTS.B
,
Zero
Cpn
,
2/24/34
...
5,389
33
5843736.SQ.FTS.B
,
Zero
Cpn
,
2/24/34
...
1,275
221
5844917.SQ.FTS.B
,
Zero
Cpn
,
2/24/34
...
2,860
14
5848650.SQ.FTS.B
,
Zero
Cpn
,
2/25/34
...
2,710
28
5851134.SQ.FTS.B
,
Zero
Cpn
,
2/25/34
...
4,857
969
5853107.SQ.FTS.B
,
Zero
Cpn
,
2/26/34
...
1,186
9
5853687.SQ.FTS.B
,
Zero
Cpn
,
2/26/34
...
1,153
10
5855247.SQ.FTS.B
,
Zero
Cpn
,
2/27/34
...
2,503
47
5855815.SQ.FTS.B
,
Zero
Cpn
,
2/28/34
...
2,097
14
5856506.SQ.FTS.B
,
Zero
Cpn
,
2/28/34
...
1,492
11
5857271.SQ.FTS.B
,
Zero
Cpn
,
2/28/34
...
5,828
22
5862832.SQ.FTS.B
,
Zero
Cpn
,
2/28/34
...
21,167
6,920
5864281.SQ.FTS.B
,
Zero
Cpn
,
2/28/34
...
1,128
475
5871100.SQ.FTS.B
,
Zero
Cpn
,
3/01/34
...
19,844
158
5872195.SQ.FTS.B
,
Zero
Cpn
,
3/01/34
...
11,306
92
5873503.SQ.FTS.B
,
Zero
Cpn
,
3/01/34
...
1,500
29
5876448.SQ.FTS.B
,
Zero
Cpn
,
3/02/34
...
276
44
5876942.SQ.FTS.B
,
Zero
Cpn
,
3/02/34
...
11,879
57
5878878.SQ.FTS.B
,
Zero
Cpn
,
3/05/34
...
429
3
5884476.SQ.FTS.B
,
Zero
Cpn
,
3/07/34
...
2,127
29
5884756.SQ.FTS.B
,
Zero
Cpn
,
3/07/34
...
787
9
5885927.SQ.FTS.B
,
Zero
Cpn
,
3/07/34
...
101
12
5890737.SQ.FTS.B
,
Zero
Cpn
,
3/08/34
...
31,239
229
5891388.SQ.FTS.B
,
Zero
Cpn
,
3/09/34
...
3,614
41
5891940.SQ.FTS.B
,
Zero
Cpn
,
3/09/34
...
240
27
5892236.SQ.FTS.B
,
Zero
Cpn
,
3/09/34
...
1,331
518
5892257.SQ.FTS.B
,
Zero
Cpn
,
3/09/34
...
657
208
5892501.SQ.FTS.B
,
Zero
Cpn
,
3/09/34
...
760
7
5892907.SQ.FTS.B
,
Zero
Cpn
,
3/09/34
...
2,548
16
5893120.SQ.FTS.B
,
Zero
Cpn
,
3/09/34
...
3,245
40
5893532.SQ.FTS.B
,
Zero
Cpn
,
3/09/34
...
2,682
284
5894049.SQ.FTS.B
,
Zero
Cpn
,
3/09/34
...
5,935
47
5894227.SQ.FTS.B
,
Zero
Cpn
,
3/09/34
...
6,594
36
5899146.SQ.FTS.B
,
Zero
Cpn
,
3/12/34
...
1,011
8
5900522.SQ.FTS.B
,
Zero
Cpn
,
3/13/34
...
449
3
5900966.SQ.FTS.B
,
Zero
Cpn
,
3/13/34
...
1,908
17
5902007.SQ.FTS.B
,
Zero
Cpn
,
3/13/34
...
1,148
7
5902039.SQ.FTS.B
,
Zero
Cpn
,
3/13/34
...
4,574
17
5905115.SQ.FTS.B
,
Zero
Cpn
,
3/14/34
...
591
243
5907307.SQ.FTS.B
,
Zero
Cpn
,
3/15/34
...
4,223
36
5908792.SQ.FTS.B
,
Zero
Cpn
,
3/15/34
...
3,935
1,438
5909844.SQ.FTS.B
,
Zero
Cpn
,
3/15/34
...
8,247
59
5911132.SQ.FTS.B
,
Zero
Cpn
,
3/16/34
...
31,967
189
5912428.SQ.FTS.B
,
Zero
Cpn
,
3/16/34
...
2,401
26
5912454.SQ.FTS.B
,
Zero
Cpn
,
3/16/34
...
2,264
12
5912708.SQ.FTS.B
,
Zero
Cpn
,
3/16/34
...
1,135
16
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)
Block,
Inc.
(continued)
5912751.SQ.FTS.B
,
Zero
Cpn
,
3/16/34
...
$
4,351
$
1,993
5913409.SQ.FTS.B
,
Zero
Cpn
,
3/17/34
...
2,690
36
5914346.SQ.FTS.B
,
Zero
Cpn
,
3/18/34
...
208
2
5916186.SQ.FTS.B
,
Zero
Cpn
,
3/19/34
...
3,408
40
5917212.SQ.FTS.B
,
Zero
Cpn
,
3/19/34
...
1,529
15
5917300.SQ.FTS.B
,
Zero
Cpn
,
3/19/34
...
685
156
5917893.SQ.FTS.B
,
Zero
Cpn
,
3/19/34
...
14,136
4,767
5918205.SQ.FTS.B
,
Zero
Cpn
,
3/19/34
...
693
10
5918675.SQ.FTS.B
,
Zero
Cpn
,
3/20/34
...
305
5
5918972.SQ.FTS.B
,
Zero
Cpn
,
3/20/34
...
8,974
151
5919756.SQ.FTS.B
,
Zero
Cpn
,
3/20/34
...
9,188
131
5921812.SQ.FTS.B
,
Zero
Cpn
,
3/20/34
...
1,536
9
5921964.SQ.FTS.B
,
Zero
Cpn
,
3/20/34
...
623
3
5922077.SQ.FTS.B
,
Zero
Cpn
,
3/20/34
...
1,538
8
5923853.SQ.FTS.B
,
Zero
Cpn
,
3/21/34
...
34,589
393
5927683.SQ.FTS.B
,
Zero
Cpn
,
3/22/34
...
4,609
34
5928998.SQ.FTS.B
,
Zero
Cpn
,
3/22/34
...
4,209
59
5929950.SQ.FTS.B
,
Zero
Cpn
,
3/22/34
...
853
185
5936987.SQ.FTS.B
,
Zero
Cpn
,
3/26/34
...
631
8
5940897.SQ.FTS.B
,
Zero
Cpn
,
3/27/34
...
6,239
3,047
5945156.SQ.FTS.B
,
Zero
Cpn
,
3/28/34
...
1,617
22
5945212.SQ.FTS.B
,
Zero
Cpn
,
3/28/34
...
119
53
5950020.SQ.FTS.B
,
Zero
Cpn
,
3/29/34
...
2,365
17
5953421.SQ.FTS.B
,
Zero
Cpn
,
3/30/34
...
3,220
78
5953778.SQ.FTS.B
,
Zero
Cpn
,
3/30/34
...
470
4
5955157.SQ.FTS.B
,
Zero
Cpn
,
3/30/34
...
946
5
5958081.SQ.FTS.B
,
Zero
Cpn
,
4/03/34
...
1,192
17
5960150.SQ.FTS.B
,
Zero
Cpn
,
4/03/34
...
2,473
19
5960313.SQ.FTS.B
,
Zero
Cpn
,
4/03/34
...
931
482
5960372.SQ.FTS.B
,
Zero
Cpn
,
4/03/34
...
215
4
5960485.SQ.FTS.B
,
Zero
Cpn
,
4/04/34
...
799
153
5960736.SQ.FTS.B
,
Zero
Cpn
,
4/04/34
...
9,716
123
5961632.SQ.FTS.B
,
Zero
Cpn
,
4/04/34
...
10,451
64
5973170.SQ.FTS.B
,
Zero
Cpn
,
4/06/34
...
733
7
5977275.SQ.FTS.B
,
Zero
Cpn
,
4/07/34
...
12,616
163
5977823.SQ.FTS.B
,
Zero
Cpn
,
4/07/34
...
855
12
5984496.SQ.FTS.B
,
Zero
Cpn
,
4/11/34
...
1,089
9
5985197.SQ.FTS.B
,
Zero
Cpn
,
4/12/34
...
2,689
25
5986301.SQ.FTS.B
,
Zero
Cpn
,
4/12/34
...
2,618
44
5991306.SQ.FTS.B
,
Zero
Cpn
,
4/13/34
...
1,478
13
5992494.SQ.FTS.B
,
Zero
Cpn
,
4/13/34
...
30
6
5993993.SQ.FTS.B
,
Zero
Cpn
,
4/14/34
...
738
14
6000281.SQ.FTS.B
,
Zero
Cpn
,
4/17/34
...
394
4
6000300.SQ.FTS.B
,
Zero
Cpn
,
4/17/34
...
2,058
37
6002949.SQ.FTS.B
,
Zero
Cpn
,
4/18/34
...
628
111
6010749.SQ.FTS.B
,
Zero
Cpn
,
4/20/34
...
1,573
360
6011014.SQ.FTS.B
,
Zero
Cpn
,
4/20/34
...
1,683
25
6012358.SQ.FTS.B
,
Zero
Cpn
,
4/20/34
...
1,465
634
6012743.SQ.FTS.B
,
Zero
Cpn
,
4/21/34
...
8,938
115
6013463.SQ.FTS.B
,
Zero
Cpn
,
4/21/34
...
5,991
67
6016649.SQ.FTS.B
,
Zero
Cpn
,
4/23/34
...
380
4
6016723.SQ.FTS.B
,
Zero
Cpn
,
4/23/34
...
2,068
44
6024496.SQ.FTS.B
,
Zero
Cpn
,
4/26/34
...
5,106
45
6024650.SQ.FTS.B
,
Zero
Cpn
,
4/26/34
...
1,830
30
6027166.SQ.FTS.B
,
Zero
Cpn
,
4/26/34
...
2,396
36
6027397.SQ.FTS.B
,
Zero
Cpn
,
4/26/34
...
1,633
18
6033057.SQ.FTS.B
,
Zero
Cpn
,
4/27/34
...
2,031
47
6035360.SQ.FTS.B
,
Zero
Cpn
,
4/28/34
...
1,397
27
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6036390.SQ.FTS.B
,
Zero
Cpn
,
4/28/34
...
$
356
$
6
6037075.SQ.FTS.B
,
Zero
Cpn
,
4/29/34
...
2,702
50
6045560.SQ.FTS.B
,
Zero
Cpn
,
5/01/34
...
1,003
16
6046999.SQ.FTS.B
,
Zero
Cpn
,
5/02/34
...
1,658
1,007
6047637.SQ.FTS.B
,
Zero
Cpn
,
5/02/34
...
629
5
6047712.SQ.FTS.B
,
Zero
Cpn
,
5/02/34
...
8,819
5,212
6050979.SQ.FTS.B
,
Zero
Cpn
,
5/03/34
...
2,052
41
6051734.SQ.FTS.B
,
Zero
Cpn
,
5/03/34
...
7,797
131
6054000.SQ.FTS.B
,
Zero
Cpn
,
5/03/34
...
3,298
41
6062202.SQ.FTS.B
,
Zero
Cpn
,
5/07/34
...
3,703
94
6064347.SQ.FTS.B
,
Zero
Cpn
,
5/08/34
...
2,291
1,058
6066747.SQ.FTS.B
,
Zero
Cpn
,
5/08/34
...
4,039
84
6108715.SQ.FTS.B
,
Zero
Cpn
,
5/09/34
...
138
32
6123389.SQ.FTS.B
,
Zero
Cpn
,
5/10/34
...
404
7
6123772.SQ.FTS.B
,
Zero
Cpn
,
5/10/34
...
4,168
82
6125833.SQ.FTS.B
,
Zero
Cpn
,
5/11/34
...
1,234
569
6126498.SQ.FTS.B
,
Zero
Cpn
,
5/12/34
...
1,036
18
6126544.SQ.FTS.B
,
Zero
Cpn
,
5/12/34
...
156
26
6135095.SQ.FTS.B
,
Zero
Cpn
,
5/16/34
...
749
14
6136354.SQ.FTS.B
,
Zero
Cpn
,
5/16/34
...
6,097
102
6136825.SQ.FTS.B
,
Zero
Cpn
,
5/16/34
...
2,392
64
6140493.SQ.FTS.B
,
Zero
Cpn
,
5/17/34
...
189
81
6140505.SQ.FTS.B
,
Zero
Cpn
,
5/17/34
...
3,963
100
6140691.SQ.FTS.B
,
Zero
Cpn
,
5/17/34
...
3,669
810
6142889.SQ.FTS.B
,
Zero
Cpn
,
5/17/34
...
1,621
67
6143114.SQ.FTS.B
,
Zero
Cpn
,
5/17/34
...
1,454
699
6145923.SQ.FTS.B
,
Zero
Cpn
,
5/18/34
...
967
6
6149563.SQ.FTS.B
,
Zero
Cpn
,
5/21/34
...
2,619
52
6152853.SQ.FTS.B
,
Zero
Cpn
,
5/22/34
...
56,251
1,816
6160881.SQ.FTS.B
,
Zero
Cpn
,
5/24/34
...
4,729
94
6161027.SQ.FTS.B
,
Zero
Cpn
,
5/24/34
...
186
92
6163054.SQ.FTS.B
,
Zero
Cpn
,
5/25/34
...
7,614
200
6163213.SQ.FTS.B
,
Zero
Cpn
,
5/25/34
...
5,720
131
6165071.SQ.FTS.B
,
Zero
Cpn
,
5/26/34
...
31
21
6165760.SQ.FTS.B
,
Zero
Cpn
,
5/27/34
...
2,769
64
6175658.SQ.FTS.B
,
Zero
Cpn
,
5/30/34
...
3,167
2,065
6178835.SQ.FTS.B
,
Zero
Cpn
,
6/01/34
...
261
119
6183434.SQ.FTS.B
,
Zero
Cpn
,
6/02/34
...
527
292
6192461.SQ.FTS.B
,
Zero
Cpn
,
6/06/34
...
1,353
23
6192486.SQ.FTS.B
,
Zero
Cpn
,
6/06/34
...
3,185
64
6205648.SQ.FTS.B
,
Zero
Cpn
,
6/08/34
...
1,955
57
6206801.SQ.FTS.B
,
Zero
Cpn
,
6/09/34
...
4,894
3,069
6210528.SQ.FTS.B
,
Zero
Cpn
,
6/11/34
...
10,451
168
6214190.SQ.FTS.B
,
Zero
Cpn
,
6/12/34
...
637
140
6215457.SQ.FTS.B
,
Zero
Cpn
,
6/13/34
...
302
66
6215661.SQ.FTS.B
,
Zero
Cpn
,
6/13/34
...
317
218
6215908.SQ.FTS.B
,
Zero
Cpn
,
6/13/34
...
488
277
6220236.SQ.FTS.B
,
Zero
Cpn
,
6/14/34
...
669
11
6220519.SQ.FTS.B
,
Zero
Cpn
,
6/14/34
...
36,091
11,063
6223659.SQ.FTS.B
,
Zero
Cpn
,
6/15/34
...
184
126
6226015.SQ.FTS.B
,
Zero
Cpn
,
6/15/34
...
3,446
132
6228013.SQ.FTS.B
,
Zero
Cpn
,
6/16/34
...
672
14
6235468.SQ.FTS.B
,
Zero
Cpn
,
6/17/34
...
2,236
43
6236092.SQ.FTS.B
,
Zero
Cpn
,
6/18/34
...
43
28
6243419.SQ.FTS.B
,
Zero
Cpn
,
6/20/34
...
7,274
202
6244954.SQ.FTS.B
,
Zero
Cpn
,
6/21/34
...
8,954
2,523
6245712.SQ.FTS.B
,
Zero
Cpn
,
6/21/34
...
5,446
3,462
6251624.SQ.FTS.B
,
Zero
Cpn
,
6/22/34
...
1,245
872
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)
Block,
Inc.
(continued)
6255252.SQ.FTS.B
,
Zero
Cpn
,
6/24/34
...
$
2,186
$
652
6255384.SQ.FTS.B
,
Zero
Cpn
,
6/24/34
...
529
272
6255606.SQ.FTS.B
,
Zero
Cpn
,
6/24/34
...
254
130
6256913.SQ.FTS.B
,
Zero
Cpn
,
6/26/34
...
20,247
5,879
6258547.SQ.FTS.B
,
Zero
Cpn
,
6/27/34
...
6,260
84
6261595.SQ.FTS.B
,
Zero
Cpn
,
6/28/34
...
26,584
875
6265195.SQ.FTS.B
,
Zero
Cpn
,
6/29/34
...
246
165
6270813.SQ.FTS.B
,
Zero
Cpn
,
6/30/34
...
1,115
34
6270889.SQ.FTS.B
,
Zero
Cpn
,
6/30/34
...
1,478
367
6271153.SQ.FTS.B
,
Zero
Cpn
,
6/30/34
...
765
540
6271434.SQ.FTS.B
,
Zero
Cpn
,
7/01/34
...
9,980
7,033
6274028.SQ.FTS.B
,
Zero
Cpn
,
7/03/34
...
7,166
172
6274889.SQ.FTS.B
,
Zero
Cpn
,
7/03/34
...
9,263
5,716
6275552.SQ.FTS.B
,
Zero
Cpn
,
7/03/34
...
3,083
1,881
6275869.SQ.FTS.B
,
Zero
Cpn
,
7/04/34
...
11,714
3,946
6278505.SQ.FTS.B
,
Zero
Cpn
,
7/04/34
...
708
338
6281173.SQ.FTS.B
,
Zero
Cpn
,
7/05/34
...
574
32
6285204.SQ.FTS.B
,
Zero
Cpn
,
7/06/34
...
510
129
6285446.SQ.FTS.B
,
Zero
Cpn
,
7/06/34
...
20,357
12,920
6285882.SQ.FTS.B
,
Zero
Cpn
,
7/07/34
...
3,875
173
6287671.SQ.FTS.B
,
Zero
Cpn
,
7/09/34
...
367
267
6289898.SQ.FTS.B
,
Zero
Cpn
,
7/10/34
...
1,560
954
6289942.SQ.FTS.B
,
Zero
Cpn
,
7/10/34
...
186
95
6290999.SQ.FTS.B
,
Zero
Cpn
,
7/10/34
...
233
157
6293487.SQ.FTS.B
,
Zero
Cpn
,
7/11/34
...
461
265
6297788.SQ.FTS.B
,
Zero
Cpn
,
7/12/34
...
884
33
6304026.SQ.FTS.B
,
Zero
Cpn
,
7/14/34
...
7,729
3,232
6309000.SQ.FTS.B
,
Zero
Cpn
,
7/18/34
...
322
187
6314871.SQ.FTS.B
,
Zero
Cpn
,
7/19/34
...
605
321
6318980.SQ.FTS.B
,
Zero
Cpn
,
7/21/34
...
1,562
824
6319360.SQ.FTS.B
,
Zero
Cpn
,
7/21/34
...
5,121
3,364
6319563.SQ.FTS.B
,
Zero
Cpn
,
7/21/34
...
646
467
6320273.SQ.FTS.B
,
Zero
Cpn
,
7/22/34
...
25,170
13,354
6321367.SQ.FTS.B
,
Zero
Cpn
,
7/23/34
...
661
20
6321567.SQ.FTS.B
,
Zero
Cpn
,
7/23/34
...
377
154
6321614.SQ.FTS.B
,
Zero
Cpn
,
7/23/34
...
859
593
6321698.SQ.FTS.B
,
Zero
Cpn
,
7/23/34
...
1,105
694
6356496.SQ.FTS.B
,
Zero
Cpn
,
7/25/34
...
17,258
9,689
6363039.SQ.FTS.B
,
Zero
Cpn
,
7/27/34
...
110
59
6364604.SQ.FTS.B
,
Zero
Cpn
,
7/27/34
...
644
390
6365762.SQ.FTS.B
,
Zero
Cpn
,
7/28/34
...
10,292
346
6366494.SQ.FTS.B
,
Zero
Cpn
,
7/29/34
...
424
276
6368774.SQ.FTS.B
,
Zero
Cpn
,
7/30/34
...
967
412
6369144.SQ.FTS.B
,
Zero
Cpn
,
7/30/34
...
10,787
623
6372686.SQ.FTS.B
,
Zero
Cpn
,
7/31/34
...
50
36
6378771.SQ.FTS.B
,
Zero
Cpn
,
8/02/34
...
1,938
34
6379121.SQ.FTS.B
,
Zero
Cpn
,
8/02/34
...
382
201
6382018.SQ.FTS.B
,
Zero
Cpn
,
8/02/34
...
781
402
6383753.SQ.FTS.B
,
Zero
Cpn
,
8/03/34
...
784
599
6388737.SQ.FTS.B
,
Zero
Cpn
,
8/06/34
...
303
202
6389131.SQ.FTS.B
,
Zero
Cpn
,
8/06/34
...
18,484
10,982
6390695.SQ.FTS.B
,
Zero
Cpn
,
8/07/34
...
831
363
6395807.SQ.FTS.B
,
Zero
Cpn
,
8/08/34
...
6
5
6400774.SQ.FTS.B
,
Zero
Cpn
,
8/09/34
...
977
772
6404006.SQ.FTS.B
,
Zero
Cpn
,
8/11/34
...
1,378
1,042
6406738.SQ.FTS.B
,
Zero
Cpn
,
8/13/34
...
2,921
123
6412546.SQ.FTS.B
,
Zero
Cpn
,
8/15/34
...
1,476
1,075
6412810.SQ.FTS.B
,
Zero
Cpn
,
8/15/34
...
10,729
6,059
Description
Principal
Amount
Value
Block,
Inc.
(continued)
6418289.SQ.FTS.B
,
Zero
Cpn
,
8/16/34
...
$
282
$
206
6419039.SQ.FTS.B
,
Zero
Cpn
,
8/16/34
...
13,386
575
6420892.SQ.FTS.B
,
Zero
Cpn
,
8/16/34
...
8,853
427
6421500.SQ.FTS.B
,
Zero
Cpn
,
8/17/34
...
1,891
1,303
6424077.SQ.FTS.B
,
Zero
Cpn
,
8/17/34
...
3,020
111
6425168.SQ.FTS.B
,
Zero
Cpn
,
8/19/34
...
4,759
120
6429767.SQ.FTS.B
,
Zero
Cpn
,
8/21/34
...
7,138
961
6430086.SQ.FTS.B
,
Zero
Cpn
,
8/22/34
...
891
663
6442143.SQ.FTS.B
,
Zero
Cpn
,
8/24/34
...
624
16
6442489.SQ.FTS.B
,
Zero
Cpn
,
8/24/34
...
1,263
857
6444790.SQ.FTS.B
,
Zero
Cpn
,
8/25/34
...
2,054
188
6450208.SQ.FTS.B
,
Zero
Cpn
,
8/28/34
...
2,651
240
6450465.SQ.FTS.B
,
Zero
Cpn
,
8/28/34
...
977
657
6452261.SQ.FTS.B
,
Zero
Cpn
,
8/28/34
...
17,124
1,581
23,258,009
Freedom
Financial
Asset
Management
LLC
APP-09939798.FP.FTS.B
,
17
.99
%
,
9/23/24
429
430
APP-09776493.FP.FTS.B
,
10
.49
%
,
9/25/24
1,077
1,080
APP-10170244.FP.FTS.B
,
13
.24
%
,
10/02/24
2,755
2,757
APP-09776210.FP.FTS.B
,
13
.49
%
,
10/04/24
2,115
2,116
APP-10060644.FP.FTS.B
,
13
.99
%
,
10/04/24
3,435
3,437
APP-10195787.FP.FTS.B
,
25
.49
%
,
10/04/24
988
989
APP-10481124.FP.FTS.B
,
12
.74
%
,
10/12/24
1,505
1,507
APP-10444462.FP.FTS.B
,
8
.49
%
,
10/23/24
1,944
1,949
APP-10314676.FP.FTS.B
,
12
.74
%
,
10/26/24
1,566
1,572
APP-10135442.FP.FTS.B
,
10
.99
%
,
10/28/24
2,266
2,274
APP-10566736.FP.FTS.B
,
16
.49
%
,
11/04/24
1,468
1,471
APP-10769779.FP.FTS.B
,
5
.99
%
,
11/09/24
405
405
APP-10693186.FP.FTS.B
,
10
.49
%
,
11/10/24
1,716
1,720
APP-11194733.FP.FTS.B
,
8
.99
%
,
11/11/24
4,434
4,448
APP-10096028.FP.FTS.B
,
9
.99
%
,
11/14/24
4,530
4,543
APP-10670881.FP.FTS.B
,
10
.24
%
,
11/17/24
1,322
1,326
APP-11237920.FP.FTS.B
,
17
.99
%
,
11/17/24
1,457
1,477
APP-11333230.FP.FTS.B
,
12
.49
%
,
11/25/24
3,662
3,687
APP-11382302.FP.FTS.B
,
16
.99
%
,
11/25/24
1,268
1,275
APP-10687787.FP.FTS.B
,
23
.99
%
,
12/02/24
1,169
1,088
APP-10459273.FP.FTS.B
,
15
.99
%
,
12/03/24
3,635
3,655
APP-11799510.FP.FTS.B
,
16
.99
%
,
12/15/24
1,609
1,617
APP-11316386.FP.FTS.B
,
13
.49
%
,
12/20/24
3,130
1,534
APP-11383917.FP.FTS.B
,
12
.74
%
,
12/26/24
2,089
2,101
APP-11045167.FP.FTS.B
,
10
.49
%
,
12/28/24
2,557
2,572
APP-11802632.FP.FTS.B
,
9
.74
%
,
12/29/24
1,883
1,894
APP-11297354.FP.FTS.B
,
8
.49
%
,
1/01/25
.
2,196
2,202
APP-11237990.FP.FTS.B
,
10
.74
%
,
1/02/25
1,061
1,060
APP-11307931.FP.FTS.B
,
21
.99
%
,
1/02/25
871
865
APP-11265704.FP.FTS.B
,
13
.99
%
,
1/03/25
6,577
6,608
APP-11382734.FP.FTS.B
,
23
.49
%
,
1/04/25
2,220
2,237
APP-09356867.FP.FTS.B
,
9
.99
%
,
1/08/25
.
7,839
7,869
APP-11319269.FP.FTS.B
,
21
.99
%
,
1/09/25
3,959
4,011
APP-11694688.FP.FTS.B
,
18
.99
%
,
1/12/25
2,596
2,618
APP-10372817.FP.FTS.B
,
15
.49
%
,
1/17/25
5,527
2,121
APP-12207671.FP.FTS.B
,
16
.99
%
,
1/25/25
1,990
2,005
APP-12266979.FP.FTS.B
,
11
.74
%
,
1/28/25
4,378
4,411
APP-11792552.FP.FTS.B
,
17
.49
%
,
2/01/25
5,749
5,775
APP-11767460.FP.FTS.B
,
13
.74
%
,
2/12/25
6,313
6,353
APP-10657504.FP.FTS.B
,
14
.99
%
,
2/22/25
8,119
8,221
APP-12227846.FP.FTS.B
,
9
.49
%
,
3/01/25
.
5,123
5,145
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)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-12257518.FP.FTS.B
,
18
.99
%
,
3/01/25
$
3,925
$
2,797
APP-11946510.FP.FTS.B
,
12
.74
%
,
3/04/25
2,212
2,227
APP-12119651.FP.FTS.B
,
8
.99
%
,
3/12/25
.
6,698
6,736
APP-12139540.FP.FTS.B
,
9
.99
%
,
3/12/25
.
3,340
3,360
APP-12246852.FP.FTS.B
,
23
.99
%
,
3/12/25
4,493
4,562
APP-10005462.FP.FTS.B
,
9
.74
%
,
3/13/25
.
3,263
3,282
APP-12216739.FP.FTS.B
,
16
.99
%
,
3/13/25
5,074
5,131
APP-11194436.FP.FTS.B
,
15
.99
%
,
4/01/25
8,436
8,579
APP-08980006.FP.FTS.B
,
16
.49
%
,
4/17/25
3,136
3,168
APP-09058670.FP.FTS.B
,
16
.49
%
,
4/27/25
2,394
2,430
APP-11394558.FP.FTS.B
,
14
.99
%
,
5/15/25
4,751
4,812
APP-09335187.FP.FTS.B
,
16
.99
%
,
5/20/25
3,500
3,591
APP-08870796.FP.FTS.B
,
19
.49
%
,
5/23/25
2,294
2,351
APP-08967293.FP.FTS.B
,
17
.49
%
,
5/29/25
5,102
5,247
APP-09231496.FP.FTS.B
,
14
.99
%
,
6/01/25
14,057
14,178
APP-08988851.FP.FTS.B
,
16
.99
%
,
6/01/25
15,743
15,972
APP-09029616.FP.FTS.B
,
21
.49
%
,
6/03/25
695
697
APP-09036276.FP.FTS.B
,
18
.99
%
,
6/05/25
11,512
11,683
APP-09134525.FP.FTS.B
,
19
.99
%
,
6/05/25
8,719
9,022
APP-09106073.FP.FTS.B
,
19
.99
%
,
6/14/25
2,471
2,539
APP-09130603.FP.FTS.B
,
12
.99
%
,
6/15/25
5,175
5,229
APP-09046414.FP.FTS.B
,
14
.99
%
,
6/23/25
9,264
9,366
APP-09302995.FP.FTS.B
,
14
.99
%
,
7/10/25
3,247
3,289
APP-09352779.FP.FTS.B
,
18
.49
%
,
7/10/25
2,833
2,879
APP-09375788.FP.FTS.B
,
18
.49
%
,
7/10/25
3,060
3,147
APP-09012739.FP.FTS.B
,
14
.49
%
,
7/15/25
2,456
2,477
APP-09717803.FP.FTS.B
,
18
.49
%
,
8/10/25
3,182
3,229
APP-10142907.FP.FTS.B
,
14
.99
%
,
8/12/25
11,830
11,958
APP-09813384.FP.FTS.B
,
12
.74
%
,
8/13/25
7,361
7,440
APP-08970788.FP.FTS.B
,
17
.49
%
,
8/16/25
3,477
3,571
APP-09776164.FP.FTS.B
,
15
.99
%
,
8/25/25
4,359
4,444
APP-10450365.FP.FTS.B
,
10
.99
%
,
9/03/25
6,010
6,072
APP-10476920.FP.FTS.B
,
8
.99
%
,
9/06/25
.
6,708
6,782
APP-10400942.FP.FTS.B
,
10
.99
%
,
9/10/25
5,109
5,168
APP-09354577.FP.FTS.B
,
18
.49
%
,
9/11/25
2,767
2,784
APP-10561719.FP.FTS.B
,
12
.74
%
,
9/20/25
4,234
4,295
APP-10156735.FP.FTS.B
,
16
.49
%
,
9/23/25
9,139
9,400
APP-10561277.FP.FTS.B
,
19
.49
%
,
9/25/25
1,125
1,132
APP-10156534.FP.FTS.B
,
10
.99
%
,
9/30/25
8,330
8,443
APP-10204096.FP.FTS.B
,
10
.99
%
,
10/01/25
7,217
7,302
APP-09708653.FP.FTS.B
,
13
.24
%
,
10/01/25
8,245
8,348
APP-10060747.FP.FTS.B
,
13
.74
%
,
10/01/25
9,907
10,040
APP-10157176.FP.FTS.B
,
16
.49
%
,
10/01/25
8,061
8,260
APP-10203214.FP.FTS.B
,
18
.99
%
,
10/01/25
8,080
8,404
APP-10684832.FP.FTS.B
,
20
.99
%
,
10/02/25
4,731
2,836
APP-10485308.FP.FTS.B
,
16
.99
%
,
10/12/25
5,137
5,262
APP-10567121.FP.FTS.B
,
13
.24
%
,
10/20/25
8,261
8,380
APP-10578108.FP.FTS.B
,
14
.49
%
,
10/22/25
10,629
10,942
APP-10519197.FP.FTS.B
,
15
.99
%
,
10/29/25
12,920
13,187
APP-10606420.FP.FTS.B
,
10
.99
%
,
11/15/25
11,471
11,623
APP-10839237.FP.FTS.B
,
10
.99
%
,
11/15/25
8,692
8,805
APP-11210666.FP.FTS.B
,
10
.99
%
,
11/15/25
8,444
8,548
APP-11237796.FP.FTS.B
,
16
.49
%
,
11/15/25
7,292
7,537
APP-10776817.FP.FTS.B
,
16
.99
%
,
11/15/25
15,419
15,931
APP-11802431.FP.FTS.B
,
10
.24
%
,
12/18/25
5,432
5,502
APP-11253357.FP.FTS.B
,
13
.24
%
,
12/20/25
7,592
7,693
APP-10746117.FP.FTS.B
,
8
.99
%
,
12/26/25
7,037
7,131
APP-11379674.FP.FTS.B
,
11
.49
%
,
12/26/25
8,020
8,078
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-11772465.FP.FTS.B
,
10
.99
%
,
12/27/25
$
4,362
$
4,377
APP-11104135.FP.FTS.B
,
11
.49
%
,
1/03/26
15,894
16,108
APP-11321062.FP.FTS.B
,
14
.49
%
,
1/03/26
4,273
4,313
APP-11411443.FP.FTS.B
,
17
.49
%
,
1/03/26
5,856
6,081
APP-11287073.FP.FTS.B
,
21
.99
%
,
1/03/26
15,033
15,750
APP-11378327.FP.FTS.B
,
17
.99
%
,
1/07/26
6,360
3,931
APP-11279539.FP.FTS.B
,
15
.99
%
,
1/09/26
4,588
4,661
APP-11403530.FP.FTS.B
,
19
.49
%
,
1/09/26
4,762
4,909
APP-11376181.FP.FTS.B
,
10
.99
%
,
1/15/26
6,190
6,273
APP-11237745.FP.FTS.B
,
17
.49
%
,
1/20/26
4,221
4,299
APP-12229052.FP.FTS.B
,
17
.99
%
,
1/26/26
9,183
9,583
APP-12243882.FP.FTS.B
,
19
.49
%
,
1/27/26
4,903
5,088
APP-11816651.FP.FTS.B
,
26
.49
%
,
2/01/26
2,523
2,575
APP-11770041.FP.FTS.B
,
15
.99
%
,
2/02/26
5,531
5,685
APP-11792403.FP.FTS.B
,
13
.99
%
,
2/03/26
10,426
10,689
APP-11335385.FP.FTS.B
,
10
.99
%
,
2/04/26
7,494
7,586
APP-11751019.FP.FTS.B
,
15
.99
%
,
2/05/26
244
243
APP-10480296.FP.FTS.B
,
19
.49
%
,
2/12/26
2,966
3,019
APP-11817724.FP.FTS.B
,
20
.74
%
,
2/12/26
11,154
11,721
APP-12125189.FP.FTS.B
,
19
.49
%
,
2/25/26
3,357
3,407
APP-12285827.FP.FTS.B
,
13
.24
%
,
3/01/26
4,916
4,979
APP-11946533.FP.FTS.B
,
16
.24
%
,
3/01/26
13,302
13,668
APP-12236342.FP.FTS.B
,
16
.49
%
,
3/08/26
12,058
12,544
APP-12223796.FP.FTS.B
,
21
.24
%
,
3/11/26
15,594
1,469
APP-12243350.FP.FTS.B
,
9
.99
%
,
3/12/26
.
3,042
3,054
APP-12201290.FP.FTS.B
,
14
.74
%
,
3/12/26
6,160
6,177
APP-12106220.FP.FTS.B
,
18
.99
%
,
3/12/26
6,451
6,676
APP-08739403.FP.FTS.B
,
16
.99
%
,
3/21/26
12,153
12,390
APP-10476373.FP.FTS.B
,
10
.99
%
,
3/25/26
6,992
7,105
APP-11799543.FP.FTS.B
,
13
.24
%
,
4/12/26
4,890
4,973
APP-08907777.FP.FTS.B
,
17
.99
%
,
4/12/26
3,527
3,639
APP-08330688.FP.FTS.B
,
14
.99
%
,
4/15/26
10,650
10,827
APP-09077004.FP.FTS.B
,
16
.99
%
,
4/17/26
616
616
APP-08698355.FP.FTS.B
,
18
.99
%
,
4/17/26
7,005
7,179
APP-09019999.FP.FTS.B
,
13
.49
%
,
4/22/26
20,175
20,494
APP-09087999.FP.FTS.B
,
21
.49
%
,
4/30/26
15,469
16,132
APP-08979983.FP.FTS.B
,
19
.99
%
,
5/01/26
5,649
5,801
APP-08726744.FP.FTS.B
,
21
.49
%
,
5/01/26
17,590
18,128
APP-08741967.FP.FTS.B
,
17
.49
%
,
5/05/26
13,776
14,005
APP-09321377.FP.FTS.B
,
17
.49
%
,
5/15/26
12,074
12,256
APP-08975984.FP.FTS.B
,
16
.99
%
,
5/17/26
10,278
3,178
APP-08950723.FP.FTS.B
,
14
.99
%
,
5/21/26
6,920
7,039
APP-09015317.FP.FTS.B
,
18
.99
%
,
5/22/26
10,559
10,954
APP-08994245.FP.FTS.B
,
22
.99
%
,
5/22/26
7,419
7,502
APP-09012359.FP.FTS.B
,
23
.49
%
,
5/23/26
7,817
8,217
APP-09352425.FP.FTS.B
,
14
.99
%
,
5/28/26
14,318
14,542
APP-08989489.FP.FTS.B
,
22
.99
%
,
5/28/26
4,946
5,173
APP-09057834.FP.FTS.B
,
18
.99
%
,
5/29/26
12,058
12,552
APP-08923777.FP.FTS.B
,
12
.99
%
,
5/30/26
11,999
12,209
APP-08970713.FP.FTS.B
,
12
.99
%
,
5/30/26
12,254
12,475
APP-08976475.FP.FTS.B
,
20
.99
%
,
5/30/26
6,507
6,878
APP-08924285.FP.FTS.B
,
14
.99
%
,
5/31/26
9,229
9,394
APP-08974488.FP.FTS.B
,
21
.49
%
,
5/31/26
7,659
7,989
APP-09060458.FP.FTS.B
,
22
.49
%
,
5/31/26
6,364
6,756
APP-09095478.FP.FTS.B
,
13
.49
%
,
6/01/26
2,736
2,736
APP-09020308.FP.FTS.B
,
16
.99
%
,
6/01/26
10,523
3,293
APP-09029242.FP.FTS.B
,
17
.49
%
,
6/01/26
23,694
24,114
APP-08816539.FP.FTS.B
,
20
.49
%
,
6/01/26
12,374
7,320
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)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-08847606.FP.FTS.B
,
15
.49
%
,
6/04/26
$
18,788
$
19,060
APP-08979954.FP.FTS.B
,
12
.99
%
,
6/05/26
12,022
12,226
APP-09027027.FP.FTS.B
,
21
.49
%
,
6/05/26
11,360
11,943
APP-08923668.FP.FTS.B
,
21
.49
%
,
6/06/26
6,816
7,068
APP-09232139.FP.FTS.B
,
22
.49
%
,
6/07/26
19,264
4,017
APP-09070140.FP.FTS.B
,
12
.99
%
,
6/12/26
7,153
7,269
APP-09074502.FP.FTS.B
,
17
.49
%
,
6/12/26
16,846
17,211
APP-09074432.FP.FTS.B
,
19
.99
%
,
6/12/26
5,987
6,261
APP-09070087.FP.FTS.B
,
24
.49
%
,
6/12/26
15,972
16,723
APP-08447667.FP.FTS.B
,
12
.99
%
,
6/13/26
11,279
11,465
APP-08649324.FP.FTS.B
,
20
.49
%
,
6/13/26
12,582
13,102
APP-09045278.FP.FTS.B
,
12
.99
%
,
6/14/26
5,680
5,770
APP-09096903.FP.FTS.B
,
12
.99
%
,
6/15/26
7,633
7,753
APP-08847769.FP.FTS.B
,
14
.99
%
,
6/15/26
7,149
7,271
APP-09241097.FP.FTS.B
,
20
.49
%
,
6/15/26
11,128
11,692
APP-09029834.FP.FTS.B
,
18
.49
%
,
6/18/26
6,016
6,149
APP-09132903.FP.FTS.B
,
18
.99
%
,
6/18/26
10,351
10,742
APP-09125842.FP.FTS.B
,
20
.49
%
,
6/18/26
5,486
5,565
APP-09281875.FP.FTS.B
,
14
.99
%
,
6/20/26
12,760
12,947
APP-08902866.FP.FTS.B
,
20
.49
%
,
6/23/26
13,081
13,752
APP-09105301.FP.FTS.B
,
14
.99
%
,
6/28/26
7,737
7,865
APP-09198220.FP.FTS.B
,
15
.49
%
,
6/28/26
6,491
6,730
APP-09238269.FP.FTS.B
,
15
.49
%
,
6/28/26
23,196
23,637
APP-09096348.FP.FTS.B
,
18
.99
%
,
6/28/26
11,825
12,105
APP-09201816.FP.FTS.B
,
19
.49
%
,
6/28/26
5,228
5,501
APP-08924259.FP.FTS.B
,
15
.49
%
,
6/29/26
17,209
17,574
APP-09355512.FP.FTS.B
,
20
.99
%
,
6/29/26
7,127
7,336
APP-08984739.FP.FTS.B
,
17
.49
%
,
7/01/26
23,890
24,292
APP-09785029.FP.FTS.B
,
17
.99
%
,
7/01/26
3,826
3,861
APP-09789894.FP.FTS.B
,
21
.49
%
,
7/01/26
11,415
11,869
APP-09717698.FP.FTS.B
,
13
.24
%
,
7/03/26
10,644
10,782
APP-09290915.FP.FTS.B
,
17
.49
%
,
7/04/26
9,993
10,294
APP-09379010.FP.FTS.B
,
22
.49
%
,
7/04/26
11,995
12,463
APP-09569037.FP.FTS.B
,
13
.24
%
,
7/06/26
13,627
13,814
APP-09445164.FP.FTS.B
,
13
.49
%
,
7/06/26
16,444
16,673
APP-09427047.FP.FTS.B
,
19
.99
%
,
7/06/26
6,200
6,446
APP-09448166.FP.FTS.B
,
14
.99
%
,
7/07/26
13,610
13,857
APP-09354737.FP.FTS.B
,
15
.49
%
,
7/07/26
3,628
3,687
APP-08684302.FP.FTS.B
,
13
.74
%
,
7/08/26
17,484
17,727
APP-09331398.FP.FTS.B
,
14
.99
%
,
7/09/26
12,130
12,360
APP-09768010.FP.FTS.B
,
17
.99
%
,
7/09/26
16,941
17,495
APP-09336762.FP.FTS.B
,
12
.99
%
,
7/10/26
5,923
6,020
APP-09291214.FP.FTS.B
,
17
.99
%
,
7/10/26
14,621
15,101
APP-09424879.FP.FTS.B
,
17
.99
%
,
7/10/26
3,980
4,085
APP-09351977.FP.FTS.B
,
19
.49
%
,
7/10/26
10,269
10,616
APP-09208095.FP.FTS.B
,
17
.49
%
,
7/11/26
8,299
8,564
APP-08684475.FP.FTS.B
,
18
.99
%
,
7/11/26
4,947
5,141
APP-09328185.FP.FTS.B
,
15
.49
%
,
7/12/26
17,638
17,954
APP-09358023.FP.FTS.B
,
16
.99
%
,
7/12/26
13,850
14,141
APP-09045901.FP.FTS.B
,
14
.99
%
,
7/13/26
10,675
10,852
APP-09133899.FP.FTS.B
,
22
.99
%
,
7/16/26
21,875
22,857
APP-08914924.FP.FTS.B
,
24
.99
%
,
7/19/26
7,992
2,754
APP-09356919.FP.FTS.B
,
15
.49
%
,
7/20/26
13,116
13,384
APP-08924296.FP.FTS.B
,
22
.49
%
,
7/30/26
16,419
17,192
APP-10156862.FP.FTS.B
,
17
.99
%
,
8/06/26
21,025
21,258
APP-09708763.FP.FTS.B
,
17
.49
%
,
8/10/26
10,095
10,413
APP-09780659.FP.FTS.B
,
17
.49
%
,
8/10/26
16,045
16,357
APP-09780914.FP.FTS.B
,
18
.99
%
,
8/10/26
8,731
9,034
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-09787054.FP.FTS.B
,
19
.99
%
,
8/10/26
$
7,791
$
8,091
APP-09789653.FP.FTS.B
,
23
.49
%
,
8/10/26
10,794
11,310
APP-09759315.FP.FTS.B
,
13
.24
%
,
8/11/26
11,267
11,437
APP-09593157.FP.FTS.B
,
14
.74
%
,
8/12/26
17,752
9,697
APP-09781342.FP.FTS.B
,
17
.99
%
,
8/12/26
14,741
15,198
APP-09717599.FP.FTS.B
,
19
.99
%
,
8/12/26
5,674
5,866
APP-09291173.FP.FTS.B
,
13
.24
%
,
8/15/26
13,558
13,770
APP-09778508.FP.FTS.B
,
13
.24
%
,
8/15/26
12,821
13,021
APP-09795345.FP.FTS.B
,
13
.24
%
,
8/15/26
14,450
4,343
APP-10045496.FP.FTS.B
,
14
.49
%
,
8/15/26
5,260
5,337
APP-09788637.FP.FTS.B
,
17
.99
%
,
8/15/26
17,913
18,494
APP-09708666.FP.FTS.B
,
19
.49
%
,
8/15/26
11,869
12,406
APP-09766832.FP.FTS.B
,
19
.99
%
,
8/15/26
4,194
4,343
APP-09242266.FP.FTS.B
,
22
.99
%
,
8/15/26
20,092
20,846
APP-09780110.FP.FTS.B
,
15
.99
%
,
8/17/26
23,655
24,081
APP-10214566.FP.FTS.B
,
17
.99
%
,
8/18/26
13,089
13,525
APP-10213964.FP.FTS.B
,
18
.99
%
,
8/18/26
9,584
9,940
APP-10246936.FP.FTS.B
,
9
.99
%
,
8/20/26
.
8,759
8,902
APP-10244412.FP.FTS.B
,
14
.24
%
,
8/20/26
9,486
9,657
APP-09717880.FP.FTS.B
,
15
.74
%
,
8/20/26
13,379
13,635
APP-10195666.FP.FTS.B
,
20
.99
%
,
8/20/26
16,992
17,712
APP-10244692.FP.FTS.B
,
20
.99
%
,
8/20/26
3,432
3,440
APP-09811789.FP.FTS.B
,
22
.49
%
,
8/20/26
4,084
4,284
APP-10127112.FP.FTS.B
,
16
.49
%
,
8/21/26
7,740
7,906
APP-10233694.FP.FTS.B
,
18
.99
%
,
8/21/26
9,958
10,348
APP-10293482.FP.FTS.B
,
11
.99
%
,
8/22/26
8,145
8,264
APP-09717638.FP.FTS.B
,
13
.24
%
,
8/22/26
10,000
10,174
APP-09766134.FP.FTS.B
,
15
.24
%
,
8/23/26
12,497
12,747
APP-09778481.FP.FTS.B
,
19
.99
%
,
8/23/26
8,020
836
APP-09726787.FP.FTS.B
,
15
.24
%
,
8/24/26
8,049
8,213
APP-09787833.FP.FTS.B
,
15
.74
%
,
8/24/26
20,164
20,576
APP-09794319.FP.FTS.B
,
15
.74
%
,
8/24/26
13,605
13,882
APP-09708684.FP.FTS.B
,
21
.49
%
,
8/24/26
27,182
28,413
APP-09759659.FP.FTS.B
,
13
.24
%
,
8/25/26
15,581
15,867
APP-09812236.FP.FTS.B
,
13
.24
%
,
8/26/26
10,771
10,964
APP-09811518.FP.FTS.B
,
15
.74
%
,
8/27/26
13,835
14,134
APP-10308476.FP.FTS.B
,
20
.49
%
,
8/28/26
13,283
13,963
APP-10352432.FP.FTS.B
,
11
.99
%
,
9/01/26
9,717
9,849
APP-09019228.FP.FTS.B
,
16
.99
%
,
9/05/26
10,758
11,018
APP-10389562.FP.FTS.B
,
17
.49
%
,
9/05/26
10,612
10,922
APP-10525907.FP.FTS.B
,
11
.99
%
,
9/15/26
10,270
3,111
APP-10400798.FP.FTS.B
,
14
.24
%
,
9/15/26
11,973
12,196
APP-09778451.FP.FTS.B
,
18
.99
%
,
9/20/26
13,118
13,638
APP-10158390.FP.FTS.B
,
12
.49
%
,
9/21/26
19,682
20,002
APP-10209954.FP.FTS.B
,
16
.49
%
,
9/23/26
6,778
6,933
APP-10203826.FP.FTS.B
,
13
.24
%
,
9/25/26
25,061
25,513
APP-09433444.FP.FTS.B
,
14
.99
%
,
9/26/26
10,836
11,024
APP-10663520.FP.FTS.B
,
12
.49
%
,
9/30/26
19,562
19,902
APP-10211394.FP.FTS.B
,
14
.24
%
,
9/30/26
10,212
10,435
APP-09094872.FP.FTS.B
,
14
.99
%
,
10/01/26
15,835
16,081
APP-10203378.FP.FTS.B
,
18
.99
%
,
10/01/26
8,182
8,379
APP-10115186.FP.FTS.B
,
23
.49
%
,
10/01/26
12,251
12,870
APP-10206598.FP.FTS.B
,
23
.49
%
,
10/01/26
6,341
6,625
APP-10195837.FP.FTS.B
,
11
.99
%
,
10/02/26
8,942
9,082
APP-10622691.FP.FTS.B
,
18
.99
%
,
10/02/26
7,341
7,650
APP-10210290.FP.FTS.B
,
19
.99
%
,
10/02/26
4,669
4,812
APP-10220069.FP.FTS.B
,
11
.99
%
,
10/04/26
15,371
15,637
APP-10156629.FP.FTS.B
,
14
.49
%
,
10/04/26
5,206
5,291
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)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-10229284.FP.FTS.B
,
18
.99
%
,
10/04/26
$
8,752
$
5,077
APP-10374305.FP.FTS.B
,
11
.99
%
,
10/05/26
10,119
10,269
APP-10237302.FP.FTS.B
,
13
.24
%
,
10/05/26
27,163
14,489
APP-10157026.FP.FTS.B
,
14
.24
%
,
10/05/26
8,087
8,234
APP-10692650.FP.FTS.B
,
11
.99
%
,
10/08/26
9,296
9,438
APP-10091993.FP.FTS.B
,
19
.99
%
,
10/08/26
11,383
11,828
APP-10776411.FP.FTS.B
,
11
.99
%
,
10/09/26
15,621
15,863
APP-10710819.FP.FTS.B
,
16
.99
%
,
10/09/26
10,056
10,249
APP-10291582.FP.FTS.B
,
17
.49
%
,
10/09/26
10,833
11,161
APP-10682190.FP.FTS.B
,
19
.49
%
,
10/09/26
11,618
12,154
APP-08114000.FP.FTS.B
,
13
.24
%
,
10/10/26
12,369
12,561
APP-10477663.FP.FTS.B
,
20
.99
%
,
10/12/26
9,711
9,800
APP-10477679.FP.FTS.B
,
17
.49
%
,
10/14/26
15,653
16,227
APP-10199991.FP.FTS.B
,
16
.99
%
,
10/15/26
10,861
11,097
APP-10156876.FP.FTS.B
,
17
.49
%
,
10/15/26
23,808
24,351
APP-10480948.FP.FTS.B
,
17
.49
%
,
10/15/26
9,960
10,282
APP-10274873.FP.FTS.B
,
20
.49
%
,
10/15/26
10,934
11,444
APP-10365188.FP.FTS.B
,
14
.24
%
,
10/17/26
7,895
8,048
APP-10514404.FP.FTS.B
,
18
.99
%
,
10/17/26
13,853
14,385
APP-10463389.FP.FTS.B
,
12
.49
%
,
10/20/26
20,532
20,886
APP-10096145.FP.FTS.B
,
14
.24
%
,
10/20/26
13,539
13,823
APP-10519975.FP.FTS.B
,
20
.99
%
,
10/20/26
1,579
1,578
APP-10243564.FP.FTS.B
,
20
.49
%
,
10/21/26
12,707
13,273
APP-10518491.FP.FTS.B
,
20
.49
%
,
10/22/26
13,556
14,230
APP-10520303.FP.FTS.B
,
12
.49
%
,
10/23/26
17,392
17,709
APP-10432275.FP.FTS.B
,
12
.49
%
,
10/24/26
10,566
10,677
APP-10463469.FP.FTS.B
,
18
.99
%
,
10/24/26
29,005
30,076
APP-10364110.FP.FTS.B
,
11
.24
%
,
10/25/26
25,367
25,832
APP-10476876.FP.FTS.B
,
16
.99
%
,
10/25/26
13,519
13,847
APP-10512737.FP.FTS.B
,
17
.49
%
,
10/25/26
10,970
11,385
APP-10352498.FP.FTS.B
,
18
.49
%
,
10/28/26
7,716
8,048
APP-10352813.FP.FTS.B
,
14
.24
%
,
10/29/26
11,545
1,211
APP-10432641.FP.FTS.B
,
15
.49
%
,
10/29/26
16,490
16,914
APP-10482600.FP.FTS.B
,
16
.49
%
,
10/30/26
6,563
6,718
APP-10481822.FP.FTS.B
,
18
.49
%
,
10/30/26
14,758
15,425
APP-10537549.FP.FTS.B
,
11
.99
%
,
11/02/26
14,790
15,030
APP-10583684.FP.FTS.B
,
16
.99
%
,
11/02/26
11,249
11,609
APP-10606158.FP.FTS.B
,
14
.74
%
,
11/05/26
15,238
15,489
APP-11307937.FP.FTS.B
,
11
.99
%
,
11/08/26
11,987
12,163
APP-09709453.FP.FTS.B
,
14
.24
%
,
11/09/26
10,584
10,749
APP-11099818.FP.FTS.B
,
16
.49
%
,
11/09/26
6,731
6,857
APP-11236671.FP.FTS.B
,
14
.49
%
,
11/10/26
5,231
5,308
APP-10765319.FP.FTS.B
,
14
.49
%
,
11/11/26
4,041
4,105
APP-11395641.FP.FTS.B
,
11
.99
%
,
11/14/26
6,842
6,879
APP-10679263.FP.FTS.B
,
17
.49
%
,
11/14/26
1,824
365
APP-10714394.FP.FTS.B
,
11
.99
%
,
11/15/26
15,763
16,025
APP-10763123.FP.FTS.B
,
13
.24
%
,
11/15/26
26,663
27,107
APP-10508459.FP.FTS.B
,
15
.99
%
,
11/15/26
25,453
25,955
APP-11304024.FP.FTS.B
,
17
.49
%
,
11/15/26
8,000
8,271
APP-11314507.FP.FTS.B
,
19
.99
%
,
11/15/26
8,830
9,239
APP-10688392.FP.FTS.B
,
21
.99
%
,
11/15/26
14,979
15,702
APP-10606168.FP.FTS.B
,
11
.99
%
,
11/16/26
13,336
13,589
APP-10624425.FP.FTS.B
,
11
.99
%
,
11/16/26
11,196
11,394
APP-10683987.FP.FTS.B
,
12
.49
%
,
11/16/26
21,325
21,704
APP-10689192.FP.FTS.B
,
12
.49
%
,
11/16/26
21,314
21,693
APP-10768778.FP.FTS.B
,
14
.74
%
,
11/18/26
21,776
22,200
APP-11305757.FP.FTS.B
,
11
.99
%
,
11/19/26
13,516
13,751
APP-11296028.FP.FTS.B
,
23
.49
%
,
11/19/26
31,906
33,222
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-10170330.FP.FTS.B
,
11
.99
%
,
11/20/26
$
7,105
$
7,223
APP-10756762.FP.FTS.B
,
12
.49
%
,
11/21/26
17,570
17,889
APP-10750422.FP.FTS.B
,
17
.49
%
,
11/21/26
11,894
12,305
APP-10769483.FP.FTS.B
,
17
.99
%
,
11/22/26
16,094
16,658
APP-10764525.FP.FTS.B
,
20
.49
%
,
11/22/26
10,822
11,354
APP-10624096.FP.FTS.B
,
14
.24
%
,
11/23/26
10,845
3,256
APP-11103030.FP.FTS.B
,
20
.49
%
,
11/23/26
6,320
6,417
APP-10692601.FP.FTS.B
,
22
.49
%
,
11/23/26
5,821
6,114
APP-10762415.FP.FTS.B
,
17
.99
%
,
11/24/26
7,959
8,352
APP-11304530.FP.FTS.B
,
21
.49
%
,
11/24/26
29,758
31,084
APP-11333408.FP.FTS.B
,
17
.99
%
,
11/25/26
7,809
8,215
APP-11386113.FP.FTS.B
,
18
.99
%
,
11/25/26
4,363
4,526
APP-10244251.FP.FTS.B
,
20
.49
%
,
11/28/26
16,760
5,546
APP-10780891.FP.FTS.B
,
17
.99
%
,
11/30/26
26,172
26,856
APP-10234140.FP.FTS.B
,
15
.49
%
,
12/01/26
27,069
14,359
APP-10744150.FP.FTS.B
,
20
.49
%
,
12/08/26
16,734
9,826
APP-11741440.FP.FTS.B
,
19
.99
%
,
12/16/26
6,232
6,448
APP-11277516.FP.FTS.B
,
18
.49
%
,
12/18/26
15,364
15,908
APP-11301348.FP.FTS.B
,
15
.99
%
,
12/19/26
15,068
15,618
APP-10253670.FP.FTS.B
,
19
.99
%
,
12/19/26
4,752
4,929
APP-11304077.FP.FTS.B
,
18
.99
%
,
12/20/26
12,544
13,010
APP-11312173.FP.FTS.B
,
20
.49
%
,
12/20/26
3,099
3,108
APP-11283905.FP.FTS.B
,
15
.99
%
,
12/21/26
28,821
29,437
APP-11187285.FP.FTS.B
,
12
.49
%
,
12/22/26
21,804
22,190
APP-11798644.FP.FTS.B
,
18
.99
%
,
12/24/26
5,253
1,066
APP-11387591.FP.FTS.B
,
14
.49
%
,
12/25/26
5,833
1,096
APP-11800198.FP.FTS.B
,
16
.99
%
,
12/25/26
11,546
11,809
APP-11318066.FP.FTS.B
,
17
.49
%
,
12/25/26
9,168
9,510
APP-11194578.FP.FTS.B
,
18
.99
%
,
12/25/26
12,583
1,295
APP-11399469.FP.FTS.B
,
16
.49
%
,
12/26/26
2,234
2,245
APP-11395038.FP.FTS.B
,
16
.99
%
,
12/26/26
5,424
5,510
APP-11361916.FP.FTS.B
,
23
.49
%
,
12/26/26
30,437
32,173
APP-11305667.FP.FTS.B
,
20
.49
%
,
12/27/26
16,590
17,464
APP-11776378.FP.FTS.B
,
20
.49
%
,
12/27/26
23,067
24,229
APP-11124061.FP.FTS.B
,
11
.99
%
,
12/28/26
14,673
14,955
APP-11306747.FP.FTS.B
,
14
.24
%
,
12/28/26
8,972
9,151
APP-11740044.FP.FTS.B
,
15
.24
%
,
12/28/26
22,154
22,980
APP-11800507.FP.FTS.B
,
18
.49
%
,
12/28/26
11,913
12,411
APP-11410923.FP.FTS.B
,
23
.49
%
,
12/28/26
6,076
6,404
APP-11789125.FP.FTS.B
,
11
.24
%
,
12/29/26
8,136
8,195
APP-11798578.FP.FTS.B
,
11
.74
%
,
12/29/26
24,906
25,370
APP-09940038.FP.FTS.B
,
17
.49
%
,
12/29/26
11,235
11,666
APP-11807330.FP.FTS.B
,
17
.99
%
,
12/29/26
5,935
6,079
APP-11789087.FP.FTS.B
,
18
.99
%
,
12/29/26
8,978
9,355
APP-11266733.FP.FTS.B
,
11
.99
%
,
12/30/26
14,420
14,691
APP-11217813.FP.FTS.B
,
14
.24
%
,
12/30/26
13,045
13,337
APP-11277746.FP.FTS.B
,
25
.49
%
,
12/30/26
6,151
6,482
APP-11138919.FP.FTS.B
,
11
.99
%
,
1/01/27
7,443
7,552
APP-11271721.FP.FTS.B
,
11
.99
%
,
1/02/27
9,575
9,738
APP-11279541.FP.FTS.B
,
12
.49
%
,
1/02/27
20,227
20,576
APP-11315623.FP.FTS.B
,
15
.49
%
,
1/02/27
10,861
11,265
APP-11341268.FP.FTS.B
,
12
.49
%
,
1/03/27
22,607
22,977
APP-11333109.FP.FTS.B
,
15
.99
%
,
1/03/27
12,422
12,729
APP-11333811.FP.FTS.B
,
16
.99
%
,
1/03/27
8,931
9,205
APP-11265912.FP.FTS.B
,
17
.49
%
,
1/03/27
7,571
7,799
APP-11323384.FP.FTS.B
,
12
.74
%
,
1/04/27
16,738
17,002
APP-11332983.FP.FTS.B
,
18
.99
%
,
1/04/27
9,142
9,430
APP-11399720.FP.FTS.B
,
21
.49
%
,
1/04/27
13,031
13,564
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)
Freedom
Financial
Asset
Management
LLC
(continued)
APP-11355890.FP.FTS.B
,
14
.74
%
,
1/07/27
$
23,152
$
23,572
APP-11389311.FP.FTS.B
,
17
.49
%
,
1/07/27
23,947
24,471
APP-11333372.FP.FTS.B
,
18
.49
%
,
1/07/27
11,731
12,206
APP-11370718.FP.FTS.B
,
23
.49
%
,
1/07/27
12,841
13,374
APP-11306719.FP.FTS.B
,
11
.99
%
,
1/08/27
8,884
9,041
APP-11128695.FP.FTS.B
,
14
.49
%
,
1/08/27
4,346
4,425
APP-11385154.FP.FTS.B
,
18
.99
%
,
1/08/27
9,103
9,399
APP-11396422.FP.FTS.B
,
18
.99
%
,
1/08/27
11,274
11,659
APP-10916969.FP.FTS.B
,
19
.99
%
,
1/08/27
6,629
6,857
APP-10266247.FP.FTS.B
,
21
.99
%
,
1/08/27
6,349
6,608
APP-11393205.FP.FTS.B
,
21
.99
%
,
1/08/27
2,368
2,379
APP-11294990.FP.FTS.B
,
22
.49
%
,
1/08/27
8,043
2,707
APP-11373885.FP.FTS.B
,
14
.49
%
,
1/09/27
6,090
6,211
APP-11380536.FP.FTS.B
,
17
.49
%
,
1/09/27
12,006
12,389
APP-11335531.FP.FTS.B
,
16
.99
%
,
1/10/27
10,794
11,169
APP-12243964.FP.FTS.B
,
19
.99
%
,
1/15/27
9,154
9,549
APP-12266273.FP.FTS.B
,
23
.74
%
,
1/18/27
16,698
17,493
APP-12233402.FP.FTS.B
,
21
.49
%
,
1/20/27
11,454
12,012
APP-09818529.FP.FTS.B
,
17
.49
%
,
1/25/27
11,513
11,921
APP-12231521.FP.FTS.B
,
17
.24
%
,
1/26/27
22,074
22,889
APP-12146298.FP.FTS.B
,
8
.99
%
,
1/27/27
.
20,484
20,831
APP-12251026.FP.FTS.B
,
11
.24
%
,
1/27/27
8,987
9,154
APP-12151284.FP.FTS.B
,
17
.99
%
,
1/27/27
12,191
12,816
APP-12241564.FP.FTS.B
,
19
.99
%
,
1/27/27
6,274
6,353
APP-12247637.FP.FTS.B
,
19
.99
%
,
1/27/27
19,619
20,677
APP-12243989.FP.FTS.B
,
21
.99
%
,
1/27/27
6,196
6,474
APP-10606291.FP.FTS.B
,
18
.49
%
,
1/28/27
5,095
5,160
APP-11306703.FP.FTS.B
,
18
.99
%
,
1/28/27
15,811
1,876
APP-09045963.FP.FTS.B
,
15
.49
%
,
1/31/27
9,754
9,942
APP-11693698.FP.FTS.B
,
16
.74
%
,
2/02/27
30,237
30,821
APP-11317083.FP.FTS.B
,
20
.49
%
,
2/03/27
6,847
7,086
APP-11795116.FP.FTS.B
,
11
.74
%
,
2/04/27
14,946
15,210
APP-11791702.FP.FTS.B
,
13
.24
%
,
2/05/27
18,343
18,742
APP-11785699.FP.FTS.B
,
18
.99
%
,
2/05/27
10,235
10,565
APP-11393178.FP.FTS.B
,
18
.99
%
,
2/07/27
9,594
9,900
APP-11319315.FP.FTS.B
,
19
.99
%
,
2/08/27
927
923
APP-11753813.FP.FTS.B
,
9
.24
%
,
2/09/27
.
8,449
8,605
APP-11798862.FP.FTS.B
,
16
.49
%
,
2/09/27
7,894
8,065
APP-11810406.FP.FTS.B
,
11
.74
%
,
2/10/27
28,932
29,465
APP-11810344.FP.FTS.B
,
17
.49
%
,
2/10/27
16,099
16,563
APP-11787878.FP.FTS.B
,
19
.99
%
,
2/10/27
4,720
4,881
APP-11740981.FP.FTS.B
,
9
.24
%
,
2/11/27
.
10,322
1,390
APP-11779303.FP.FTS.B
,
10
.99
%
,
2/11/27
11,456
11,661
APP-11791248.FP.FTS.B
,
11
.24
%
,
2/11/27
22,979
23,424
APP-11799511.FP.FTS.B
,
13
.49
%
,
2/11/27
7,672
7,804
APP-11788952.FP.FTS.B
,
16
.49
%
,
2/11/27
9,139
9,346
APP-11795686.FP.FTS.B
,
16
.49
%
,
2/11/27
4,186
4,215
APP-11779953.FP.FTS.B
,
16
.74
%
,
2/11/27
30,545
31,240
APP-11789582.FP.FTS.B
,
19
.49
%
,
2/11/27
8,291
8,603
APP-11805082.FP.FTS.B
,
19
.49
%
,
2/11/27
13,417
13,951
APP-11804667.FP.FTS.B
,
19
.99
%
,
2/11/27
13,744
14,369
APP-11807542.FP.FTS.B
,
10
.99
%
,
2/12/27
22,928
23,344
APP-11794207.FP.FTS.B
,
11
.49
%
,
2/12/27
8,648
8,819
APP-11694425.FP.FTS.B
,
11
.74
%
,
2/12/27
24,514
24,960
APP-11798052.FP.FTS.B
,
18
.49
%
,
2/12/27
18,336
19,112
APP-11753796.FP.FTS.B
,
19
.99
%
,
2/12/27
9,434
9,828
APP-11805436.FP.FTS.B
,
22
.49
%
,
2/12/27
6,499
6,778
APP-10672023.FP.FTS.B
,
18
.49
%
,
2/15/27
11,968
8,594
Description
Principal
Amount
Value
Freedom
Financial
Asset
Management
LLC
(continued)
APP-10688549.FP.FTS.B
,
18
.99
%
,
2/16/27
$
20,178
$
20,934
APP-11339522.FP.FTS.B
,
23
.49
%
,
2/21/27
12,987
13,606
APP-10580822.FP.FTS.B
,
18
.49
%
,
2/22/27
13,424
13,981
APP-10459721.FP.FTS.B
,
20
.99
%
,
2/23/27
26,289
27,247
APP-11391376.FP.FTS.B
,
19
.99
%
,
2/28/27
15,228
15,628
APP-12280379.FP.FTS.B
,
16
.49
%
,
3/01/27
12,330
12,695
APP-12228409.FP.FTS.B
,
19
.99
%
,
3/01/27
8,508
8,797
APP-11277041.FP.FTS.B
,
20
.49
%
,
3/02/27
15,739
16,212
APP-11194668.FP.FTS.B
,
14
.24
%
,
3/03/27
12,575
12,809
APP-12106034.FP.FTS.B
,
11
.24
%
,
3/04/27
13,793
14,039
APP-12189756.FP.FTS.B
,
18
.24
%
,
3/04/27
20,050
20,660
APP-12172287.FP.FTS.B
,
19
.99
%
,
3/07/27
10,393
10,801
APP-12017319.FP.FTS.B
,
10
.99
%
,
3/09/27
18,870
19,205
APP-12130498.FP.FTS.B
,
13
.24
%
,
3/10/27
12,845
13,100
APP-11496336.FP.FTS.B
,
11
.24
%
,
3/11/27
10,181
10,367
APP-11823747.FP.FTS.B
,
13
.74
%
,
3/11/27
7,053
7,185
APP-12213871.FP.FTS.B
,
19
.99
%
,
3/11/27
13,225
13,846
APP-12244387.FP.FTS.B
,
11
.24
%
,
3/12/27
18,685
19,057
APP-12250156.FP.FTS.B
,
11
.74
%
,
3/12/27
29,805
30,363
APP-12246518.FP.FTS.B
,
13
.24
%
,
3/13/27
13,570
13,852
APP-12236483.FP.FTS.B
,
15
.24
%
,
3/13/27
24,483
25,245
APP-11238158.FP.FTS.B
,
16
.49
%
,
3/13/27
6,261
1,587
APP-12050299.FP.FTS.B
,
17
.99
%
,
3/13/27
6,846
7,073
APP-10315402.FP.FTS.B
,
22
.99
%
,
3/15/27
10,720
11,253
APP-10550902.FP.FTS.B
,
9
.99
%
,
3/24/27
.
6,409
6,439
APP-10156518.FP.FTS.B
,
19
.99
%
,
3/31/27
3,402
3,427
APP-12263763.FP.FTS.B
,
22
.49
%
,
4/01/27
26,892
2,858
APP-12180444.FP.FTS.B
,
25
.49
%
,
4/04/27
7,211
7,496
APP-11396135.FP.FTS.B
,
18
.99
%
,
4/08/27
18,047
3,579
APP-11799128.FP.FTS.B
,
10
.99
%
,
4/12/27
13,532
13,787
APP-11794186.FP.FTS.B
,
14
.74
%
,
4/12/27
28,798
29,477
APP-12245031.FP.FTS.B
,
19
.99
%
,
4/12/27
16,956
17,591
APP-12241288.FP.FTS.B
,
22
.99
%
,
4/13/27
33,511
20,640
APP-09447903.FP.FTS.B
,
23
.49
%
,
5/06/27
14,320
14,869
APP-11579250.FP.FTS.B
,
11
.24
%
,
5/15/27
20,591
20,968
APP-11301237.FP.FTS.B
,
18
.49
%
,
6/02/27
12,428
12,890
APP-12077324.FP.FTS.B
,
17
.99
%
,
6/10/27
18,069
18,645
APP-12222310.FP.FTS.B
,
18
.24
%
,
9/21/27
29,846
30,809
APP-11800371.FP.FTS.B
,
19
.74
%
,
10/10/27
13,652
13,818
APP-11254936.FP.FTS.B
,
20
.99
%
,
3/17/28
8,224
8,285
APP-09353776.FP.FTS.B
,
21
.99
%
,
6/27/34
2,261
998
APP-09343576.FP.FTS.B
,
23
.49
%
,
7/10/34
615
617
APP-10159829.FP.FTS.B
,
15
.49
%
,
8/15/34
414
414
APP-09726592.FP.FTS.B
,
12
.24
%
,
8/20/34
106
106
APP-09726689.FP.FTS.B
,
15
.99
%
,
8/20/34
102
102
APP-09808886.FP.FTS.B
,
19
.99
%
,
8/24/34
108
108
5,099,379
LendingClub
Corp.
-
LCX
157826557.LC.FTS.B
,
12
.4
%
,
11/03/24
...
2,839
2,781
160977025.LC.FTS.B
,
12
.4
%
,
11/12/24
...
7,816
741
162072108.LC.FTS.B
,
17
.74
%
,
11/19/24
..
21,899
–
161569311.LC.FTS.B
,
8
.19
%
,
11/20/24
...
3,310
3,298
163477091.LC.FTS.B
,
11
.02
%
,
12/20/24
..
3,205
3,179
163859690.LC.FTS.B
,
16
.95
%
,
1/03/25
...
2,837
2,794
164222970.LC.FTS.B
,
8
.19
%
,
1/07/25
...
4,773
4,748
164714191.LC.FTS.B
,
13
.08
%
,
1/10/25
...
7,009
–
163973756.LC.FTS.B
,
12
.4
%
,
1/12/25
...
5,506
5,445
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)
LendingClub
Corp.
-
LCX
(continued)
164807302.LC.FTS.B
,
8
.81
%
,
1/15/25
...
$
4,849
$
4,819
165333612.LC.FTS.B
,
11
.71
%
,
1/23/25
...
1,538
1,506
165427525.LC.FTS.B
,
14
.3
%
,
1/23/25
...
1,431
1,427
165461334.LC.FTS.B
,
14
.3
%
,
1/24/25
...
809
808
164424854.LC.FTS.B
,
16
.12
%
,
1/24/25
...
4,290
371
165508383.LC.FTS.B
,
15
.24
%
,
1/27/25
...
4,806
4,803
165618377.LC.FTS.B
,
8
.81
%
,
1/28/25
...
1,571
1,531
166868646.LC.FTS.B
,
16
.12
%
,
2/18/25
...
809
796
166982249.LC.FTS.B
,
20
.55
%
,
2/21/25
...
2,104
2,123
166977058.LC.FTS.B
,
23
.05
%
,
2/22/25
...
2,445
2,463
167008405.LC.FTS.B
,
16
.95
%
,
2/24/25
...
5,429
5,404
163371603.LC.FTS.B
,
10
.33
%
,
3/13/25
...
1,897
1,831
165509821.LC.FTS.B
,
11
.71
%
,
3/31/25
...
2,797
2,672
165799463.LC.FTS.B
,
12
.4
%
,
3/31/25
...
2,702
2,602
168657342.LC.FTS.B
,
Zero
Cpn
,
4/14/25
.
10,364
–
163257946.LC.FTS.B
,
13
.08
%
,
2/08/26
...
10,703
8,470
64,612
LendingClub
Corp.
-
LCX
PM
182191083.LC.FTS.B
,
18
.99
%
,
10/13/24
..
531
528
182251543.LC.FTS.B
,
15
.99
%
,
10/14/24
..
977
971
182168238.LC.FTS.B
,
18
.99
%
,
10/14/24
..
1,920
1,904
182308670.LC.FTS.B
,
19
.49
%
,
10/15/24
..
965
969
182215764.LC.FTS.B
,
20
.99
%
,
10/15/24
..
2,183
2,194
182310621.LC.FTS.B
,
21
.49
%
,
10/15/24
..
2,284
2,295
182294171.LC.FTS.B
,
22
.99
%
,
10/15/24
..
1,693
293
181823934.LC.FTS.B
,
18
.99
%
,
10/16/24
..
1,618
1,609
182279306.LC.FTS.B
,
15
.99
%
,
10/17/24
..
5,325
–
182332114.LC.FTS.B
,
22
.99
%
,
10/18/24
..
224
226
182127030.LC.FTS.B
,
23
.99
%
,
10/18/24
..
1,603
1,346
182352192.LC.FTS.B
,
17
.44
%
,
10/19/24
..
3,003
281
182455989.LC.FTS.B
,
17
.44
%
,
10/19/24
..
1,045
1,042
182327350.LC.FTS.B
,
18
.99
%
,
10/23/24
..
928
925
182222867.LC.FTS.B
,
18
.49
%
,
10/25/24
..
2,911
271
182434150.LC.FTS.B
,
20
.44
%
,
10/25/24
..
800
805
182545979.LC.FTS.B
,
11
.99
%
,
11/01/24
..
2,358
2,345
182713608.LC.FTS.B
,
22
.99
%
,
11/01/24
..
887
892
182830334.LC.FTS.B
,
12
.99
%
,
11/02/24
..
1,312
1,303
182852118.LC.FTS.B
,
16
.49
%
,
11/02/24
..
1,505
1,496
182863345.LC.FTS.B
,
18
.99
%
,
11/02/24
..
705
701
182914089.LC.FTS.B
,
17
.19
%
,
11/03/24
..
622
619
182877276.LC.FTS.B
,
17
.49
%
,
11/03/24
..
906
901
182406475.LC.FTS.B
,
19
.99
%
,
11/03/24
..
4,632
–
182901080.LC.FTS.B
,
22
.49
%
,
11/03/24
..
1,390
131
182343246.LC.FTS.B
,
22
.99
%
,
11/03/24
..
886
892
182914824.LC.FTS.B
,
16
.49
%
,
11/04/24
..
1,375
1,367
182726206.LC.FTS.B
,
19
.99
%
,
11/04/24
..
642
644
182766834.LC.FTS.B
,
Zero
Cpn
,
11/05/24
11,812
–
183008113.LC.FTS.B
,
11
.99
%
,
11/05/24
..
368
365
182892987.LC.FTS.B
,
18
.99
%
,
11/05/24
..
1,691
1,682
182923000.LC.FTS.B
,
18
.99
%
,
11/05/24
..
3,526
3,507
182854752.LC.FTS.B
,
18
.99
%
,
11/07/24
..
2,888
2,873
182990403.LC.FTS.B
,
16
.49
%
,
11/08/24
..
952
947
182991246.LC.FTS.B
,
16
.49
%
,
11/08/24
..
1,095
1,089
182769411.LC.FTS.B
,
18
.44
%
,
11/08/24
..
687
686
182999357.LC.FTS.B
,
18
.44
%
,
11/08/24
..
2,788
2,776
182946096.LC.FTS.B
,
22
.99
%
,
11/08/24
..
738
744
182967907.LC.FTS.B
,
Zero
Cpn
,
11/09/24
16,918
–
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
182923608.LC.FTS.B
,
Zero
Cpn
,
11/12/24
$
3,684
$
–
183149370.LC.FTS.B
,
15
.19
%
,
11/12/24
..
673
671
183022196.LC.FTS.B
,
15
.99
%
,
11/12/24
..
1,305
1,300
182716700.LC.FTS.B
,
14
.99
%
,
11/14/24
..
1,399
1,394
182828421.LC.FTS.B
,
11
.49
%
,
11/15/24
..
3,942
3,928
182991991.LC.FTS.B
,
11
.49
%
,
11/15/24
..
1,097
1,092
183154424.LC.FTS.B
,
15
.99
%
,
11/15/24
..
1,905
1,898
182547090.LC.FTS.B
,
18
.99
%
,
11/15/24
..
2,295
2,285
183150801.LC.FTS.B
,
18
.99
%
,
11/15/24
..
1,410
1,404
183164730.LC.FTS.B
,
18
.99
%
,
11/15/24
..
169
168
183261327.LC.FTS.B
,
11
.04
%
,
11/16/24
..
2,800
2,318
182487044.LC.FTS.B
,
14
.99
%
,
11/16/24
..
2,130
2,110
182762119.LC.FTS.B
,
15
.49
%
,
11/16/24
..
1,159
1,155
183199016.LC.FTS.B
,
18
.99
%
,
11/16/24
..
706
702
183248270.LC.FTS.B
,
18
.99
%
,
11/16/24
..
4,567
–
183265092.LC.FTS.B
,
20
.44
%
,
11/16/24
..
1,112
1,122
182940512.LC.FTS.B
,
9
.34
%
,
11/17/24
...
260
258
183258872.LC.FTS.B
,
17
.99
%
,
11/17/24
..
1,504
1,499
183281498.LC.FTS.B
,
18
.99
%
,
11/17/24
..
1,410
1,405
182863664.LC.FTS.B
,
19
.99
%
,
11/17/24
..
724
131
183376238.LC.FTS.B
,
15
.19
%
,
11/18/24
..
3,669
157
183297337.LC.FTS.B
,
15
.49
%
,
11/18/24
..
1,487
1,483
183195827.LC.FTS.B
,
16
.49
%
,
11/18/24
..
4,790
4,762
183307678.LC.FTS.B
,
18
.99
%
,
11/18/24
..
1,057
1,054
183319106.LC.FTS.B
,
18
.99
%
,
11/18/24
..
1,789
1,783
183239686.LC.FTS.B
,
20
.44
%
,
11/18/24
..
3,506
3,526
183351808.LC.FTS.B
,
11
.49
%
,
11/19/24
..
1,932
1,924
183325965.LC.FTS.B
,
15
.99
%
,
11/19/24
..
2,347
2,340
183273399.LC.FTS.B
,
18
.99
%
,
11/19/24
..
1,303
1,084
183366235.LC.FTS.B
,
22
.99
%
,
11/19/24
..
738
747
182746441.LC.FTS.B
,
Zero
Cpn
,
11/20/24
6,970
–
182810364.LC.FTS.B
,
19
.49
%
,
11/20/24
..
2,949
2,969
183009664.LC.FTS.B
,
14
.19
%
,
11/21/24
..
2,039
2,034
182983769.LC.FTS.B
,
12
.99
%
,
11/22/24
..
630
628
183422493.LC.FTS.B
,
14
.99
%
,
11/22/24
..
322
322
183428100.LC.FTS.B
,
16
.99
%
,
11/22/24
..
2,801
2,798
183268922.LC.FTS.B
,
17
.99
%
,
11/22/24
..
4,338
3,598
183394488.LC.FTS.B
,
18
.99
%
,
11/22/24
..
705
703
183369334.LC.FTS.B
,
22
.99
%
,
11/22/24
..
850
853
183464008.LC.FTS.B
,
15
.24
%
,
11/23/24
..
3,671
3,654
182618845.LC.FTS.B
,
18
.99
%
,
11/23/24
..
1,410
1,405
183430526.LC.FTS.B
,
18
.99
%
,
11/23/24
..
1,410
1,406
183464408.LC.FTS.B
,
Zero
Cpn
,
11/24/24
2,384
–
183540917.LC.FTS.B
,
16
.49
%
,
11/24/24
..
342
341
183540900.LC.FTS.B
,
18
.44
%
,
11/24/24
..
350
349
183371602.LC.FTS.B
,
18
.99
%
,
11/24/24
..
2,861
2,855
183407963.LC.FTS.B
,
18
.99
%
,
11/24/24
..
1,563
1,295
183339903.LC.FTS.B
,
Zero
Cpn
,
11/26/24
7,322
–
183343101.LC.FTS.B
,
Zero
Cpn
,
11/26/24
4,001
–
183520286.LC.FTS.B
,
16
.99
%
,
11/26/24
..
1,561
1,555
183504509.LC.FTS.B
,
18
.49
%
,
11/26/24
..
3,061
3,045
183441212.LC.FTS.B
,
22
.99
%
,
11/26/24
..
319
324
183494147.LC.FTS.B
,
Zero
Cpn
,
11/28/24
1,642
–
183259213.LC.FTS.B
,
18
.99
%
,
11/28/24
..
801
800
183402694.LC.FTS.B
,
11
.99
%
,
11/29/24
..
1,609
1,604
183250462.LC.FTS.B
,
14
.99
%
,
11/29/24
..
1,530
1,528
183425417.LC.FTS.B
,
16
.49
%
,
11/29/24
..
2,013
2,007
183522405.LC.FTS.B
,
17
.99
%
,
11/29/24
..
4,875
4,868
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)
LendingClub
Corp.
-
LCX
PM
(continued)
183102073.LC.FTS.B
,
18
.99
%
,
11/29/24
..
$
674
$
672
183619170.LC.FTS.B
,
14
.19
%
,
11/30/24
..
1,330
1,329
183500540.LC.FTS.B
,
15
.99
%
,
11/30/24
..
1,087
1,086
183356155.LC.FTS.B
,
16
.99
%
,
11/30/24
..
4,439
4,428
183602959.LC.FTS.B
,
18
.49
%
,
11/30/24
..
640
636
183339461.LC.FTS.B
,
18
.99
%
,
11/30/24
..
3,277
3,269
183362712.LC.FTS.B
,
15
.99
%
,
12/01/24
..
2,810
2,796
183663596.LC.FTS.B
,
16
.19
%
,
12/01/24
..
2,709
2,695
183359486.LC.FTS.B
,
16
.99
%
,
12/01/24
..
1,712
1,703
183762903.LC.FTS.B
,
15
.44
%
,
12/02/24
..
1,284
1,275
183697716.LC.FTS.B
,
22
.99
%
,
12/02/24
..
380
–
183695987.LC.FTS.B
,
15
.99
%
,
12/03/24
..
3,473
3,443
183777683.LC.FTS.B
,
18
.99
%
,
12/03/24
..
1,469
1,461
183788267.LC.FTS.B
,
22
.99
%
,
12/03/24
..
658
664
183609082.LC.FTS.B
,
19
.49
%
,
12/04/24
..
704
706
183189944.LC.FTS.B
,
13
.04
%
,
12/06/24
..
2,443
2,430
183203390.LC.FTS.B
,
15
.49
%
,
12/06/24
..
4,264
4,244
183766217.LC.FTS.B
,
16
.49
%
,
12/06/24
..
4,063
–
183802837.LC.FTS.B
,
17
.99
%
,
12/06/24
..
4,897
4,872
183558965.LC.FTS.B
,
18
.99
%
,
12/06/24
..
3,399
–
183799482.LC.FTS.B
,
18
.99
%
,
12/06/24
..
1,814
1,809
183818205.LC.FTS.B
,
18
.99
%
,
12/06/24
..
4,197
4,175
183645675.LC.FTS.B
,
19
.99
%
,
12/06/24
..
711
714
183541347.LC.FTS.B
,
22
.99
%
,
12/06/24
..
1,842
1,858
183169104.LC.FTS.B
,
12
.34
%
,
12/07/24
..
4,208
4,183
183193558.LC.FTS.B
,
12
.49
%
,
12/07/24
..
4,043
4,007
183568984.LC.FTS.B
,
15
.99
%
,
12/07/24
..
5,207
5,174
183882045.LC.FTS.B
,
15
.99
%
,
12/07/24
..
2,534
2,516
183901831.LC.FTS.B
,
16
.49
%
,
12/07/24
..
5,098
5,073
183893289.LC.FTS.B
,
18
.44
%
,
12/07/24
..
851
80
183710611.LC.FTS.B
,
22
.49
%
,
12/07/24
..
745
752
183842381.LC.FTS.B
,
24
.99
%
,
12/07/24
..
2,243
2,269
183294973.LC.FTS.B
,
27
.99
%
,
12/07/24
..
3,475
3,528
183915427.LC.FTS.B
,
13
.24
%
,
12/08/24
..
9,859
–
183732977.LC.FTS.B
,
14
.49
%
,
12/08/24
..
2,490
2,479
183913486.LC.FTS.B
,
14
.49
%
,
12/08/24
..
830
826
183476973.LC.FTS.B
,
16
.49
%
,
12/08/24
..
2,536
2,517
183955270.LC.FTS.B
,
16
.49
%
,
12/08/24
..
425
423
183942961.LC.FTS.B
,
18
.99
%
,
12/08/24
..
2,152
–
183961259.LC.FTS.B
,
12
.74
%
,
12/09/24
..
1,626
1,619
184035228.LC.FTS.B
,
13
.04
%
,
12/09/24
..
2,448
2,434
183294173.LC.FTS.B
,
15
.99
%
,
12/09/24
..
1,033
1,030
183610510.LC.FTS.B
,
15
.99
%
,
12/09/24
..
3,717
3,698
183951356.LC.FTS.B
,
17
.49
%
,
12/09/24
..
3,008
2,995
183972047.LC.FTS.B
,
17
.49
%
,
12/09/24
..
380
36
183968599.LC.FTS.B
,
18
.99
%
,
12/09/24
..
1,861
55
183880382.LC.FTS.B
,
22
.99
%
,
12/09/24
..
1,094
516
183967026.LC.FTS.B
,
22
.99
%
,
12/09/24
..
4,228
3,534
183983228.LC.FTS.B
,
26
.49
%
,
12/09/24
..
3,809
3,845
183493762.LC.FTS.B
,
12
.24
%
,
12/10/24
..
5,868
5,835
184037034.LC.FTS.B
,
12
.49
%
,
12/10/24
..
162
161
183974082.LC.FTS.B
,
15
.99
%
,
12/10/24
..
2,472
2,460
184001961.LC.FTS.B
,
16
.99
%
,
12/10/24
..
1,382
1,374
184006108.LC.FTS.B
,
16
.99
%
,
12/10/24
..
2,136
2,127
184044208.LC.FTS.B
,
16
.99
%
,
12/10/24
..
4,512
4,493
184008894.LC.FTS.B
,
17
.99
%
,
12/10/24
..
1,729
1,721
183687452.LC.FTS.B
,
18
.99
%
,
12/10/24
..
175
174
182860020.LC.FTS.B
,
15
.44
%
,
12/12/24
..
6,237
6,213
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
184035087.LC.FTS.B
,
10
.34
%
,
12/13/24
..
$
1,580
$
1,572
184049185.LC.FTS.B
,
13
.24
%
,
12/13/24
..
2,944
2,934
184074389.LC.FTS.B
,
16
.49
%
,
12/13/24
..
1,784
1,777
184003705.LC.FTS.B
,
17
.99
%
,
12/13/24
..
2,593
2,583
184046281.LC.FTS.B
,
18
.99
%
,
12/13/24
..
268
–
184091538.LC.FTS.B
,
Zero
Cpn
,
12/14/24
3,227
–
184070958.LC.FTS.B
,
10
.49
%
,
12/14/24
..
904
900
184058069.LC.FTS.B
,
11
.04
%
,
12/14/24
..
1,115
1,105
184078696.LC.FTS.B
,
17
.99
%
,
12/14/24
..
1,642
1,632
183959795.LC.FTS.B
,
Zero
Cpn
,
12/15/24
4,930
–
184202834.LC.FTS.B
,
10
.49
%
,
12/15/24
..
2,533
2,521
183776421.LC.FTS.B
,
11
.04
%
,
12/15/24
..
1,241
1,231
183184685.LC.FTS.B
,
13
.24
%
,
12/15/24
..
1,356
1,352
183835923.LC.FTS.B
,
15
.19
%
,
12/15/24
..
1,928
1,922
184073189.LC.FTS.B
,
15
.19
%
,
12/15/24
..
525
50
183926594.LC.FTS.B
,
15
.99
%
,
12/15/24
..
1,455
1,450
183974444.LC.FTS.B
,
16
.99
%
,
12/15/24
..
876
873
183796732.LC.FTS.B
,
18
.99
%
,
12/15/24
..
1,460
1,455
184125379.LC.FTS.B
,
10
.34
%
,
12/16/24
..
3,002
2,966
184167764.LC.FTS.B
,
15
.99
%
,
12/16/24
..
2,399
2,391
184016559.LC.FTS.B
,
16
.44
%
,
12/16/24
..
1,030
1,023
184118078.LC.FTS.B
,
17
.44
%
,
12/16/24
..
859
856
184245291.LC.FTS.B
,
13
.19
%
,
12/17/24
..
5,722
5,705
184142932.LC.FTS.B
,
13
.99
%
,
12/17/24
..
3,796
3,756
184191218.LC.FTS.B
,
13
.99
%
,
12/17/24
..
4,881
4,845
184235593.LC.FTS.B
,
15
.19
%
,
12/17/24
..
418
417
184248232.LC.FTS.B
,
16
.19
%
,
12/17/24
..
846
844
184243930.LC.FTS.B
,
16
.49
%
,
12/17/24
..
1,019
1,016
183862855.LC.FTS.B
,
17
.44
%
,
12/17/24
..
1,432
1,426
184015727.LC.FTS.B
,
18
.99
%
,
12/17/24
..
1,749
1,743
184246546.LC.FTS.B
,
18
.99
%
,
12/17/24
..
3,497
3,486
184252044.LC.FTS.B
,
18
.99
%
,
12/17/24
..
1,110
1,107
184252099.LC.FTS.B
,
18
.99
%
,
12/17/24
..
874
871
184253714.LC.FTS.B
,
19
.49
%
,
12/17/24
..
5,538
5,560
183943415.LC.FTS.B
,
19
.99
%
,
12/17/24
..
2,653
2,673
183402493.LC.FTS.B
,
22
.99
%
,
12/18/24
..
1,983
240
183874684.LC.FTS.B
,
19
.49
%
,
12/19/24
..
2,050
2,065
184245796.LC.FTS.B
,
14
.44
%
,
12/20/24
..
2,289
2,273
184065895.LC.FTS.B
,
15
.49
%
,
12/20/24
..
2,442
2,436
184281222.LC.FTS.B
,
15
.99
%
,
12/20/24
..
1,689
1,685
183474005.LC.FTS.B
,
16
.49
%
,
12/20/24
..
1,424
1,420
184274458.LC.FTS.B
,
18
.49
%
,
12/20/24
..
3,130
3,121
183828952.LC.FTS.B
,
18
.99
%
,
12/20/24
..
2,243
64
184210526.LC.FTS.B
,
18
.99
%
,
12/20/24
..
2,518
2,511
184281792.LC.FTS.B
,
18
.99
%
,
12/20/24
..
874
872
184284744.LC.FTS.B
,
18
.99
%
,
12/20/24
..
612
610
184344324.LC.FTS.B
,
14
.19
%
,
12/21/24
..
1,323
1,320
184336095.LC.FTS.B
,
17
.44
%
,
12/21/24
..
2,061
2,055
184350898.LC.FTS.B
,
17
.44
%
,
12/21/24
..
2,577
2,568
184063399.LC.FTS.B
,
18
.99
%
,
12/21/24
..
1,264
1,261
184376915.LC.FTS.B
,
18
.99
%
,
12/21/24
..
3,357
3,349
184340869.LC.FTS.B
,
22
.99
%
,
12/21/24
..
951
963
184369171.LC.FTS.B
,
12
.19
%
,
12/22/24
..
1,615
1,608
184353845.LC.FTS.B
,
15
.99
%
,
12/22/24
..
1,469
1,460
184394307.LC.FTS.B
,
18
.99
%
,
12/22/24
..
787
785
184441891.LC.FTS.B
,
8
.99
%
,
12/23/24
...
1,674
1,668
184389245.LC.FTS.B
,
11
.99
%
,
12/23/24
..
4,835
4,809
184048740.LC.FTS.B
,
12
.49
%
,
12/23/24
..
2,878
2,867
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)
LendingClub
Corp.
-
LCX
PM
(continued)
184408809.LC.FTS.B
,
13
.44
%
,
12/23/24
..
$
2,441
$
2,434
183756956.LC.FTS.B
,
17
.49
%
,
12/23/24
..
1,891
1,887
184435348.LC.FTS.B
,
17
.99
%
,
12/23/24
..
2,427
–
184197580.LC.FTS.B
,
18
.99
%
,
12/23/24
..
1,302
1,299
184065866.LC.FTS.B
,
19
.49
%
,
12/23/24
..
2,615
2,158
184367167.LC.FTS.B
,
21
.49
%
,
12/23/24
..
1,259
1,270
184168561.LC.FTS.B
,
21
.99
%
,
12/24/24
..
539
546
184068690.LC.FTS.B
,
18
.49
%
,
12/25/24
..
4,415
–
184443285.LC.FTS.B
,
Zero
Cpn
,
12/27/24
20,761
–
184379124.LC.FTS.B
,
9
.29
%
,
12/27/24
...
3,901
3,851
184405061.LC.FTS.B
,
11
.84
%
,
12/27/24
..
1,628
1,623
184447670.LC.FTS.B
,
14
.44
%
,
12/27/24
..
1,986
1,984
184418501.LC.FTS.B
,
16
.19
%
,
12/27/24
..
1,016
1,013
184454192.LC.FTS.B
,
16
.19
%
,
12/27/24
..
1,439
1,437
184121693.LC.FTS.B
,
16
.49
%
,
12/27/24
..
1,742
1,740
184228216.LC.FTS.B
,
18
.44
%
,
12/27/24
..
4,866
4,859
184457887.LC.FTS.B
,
18
.49
%
,
12/27/24
..
2,508
2,494
184034650.LC.FTS.B
,
18
.99
%
,
12/27/24
..
4,828
–
184460632.LC.FTS.B
,
22
.99
%
,
12/27/24
..
311
316
184157711.LC.FTS.B
,
16
.19
%
,
12/28/24
..
215
214
183457596.LC.FTS.B
,
18
.99
%
,
12/29/24
..
1,961
1,958
184038361.LC.FTS.B
,
18
.44
%
,
12/30/24
..
1,647
1,646
184428613.LC.FTS.B
,
13
.24
%
,
12/31/24
..
5,867
5,828
184090151.LC.FTS.B
,
19
.99
%
,
12/31/24
..
6,477
6,528
183555873.LC.FTS.B
,
16
.99
%
,
1/02/25
...
3,404
3,378
184378148.LC.FTS.B
,
Zero
Cpn
,
1/03/25
.
3,376
–
184111598.LC.FTS.B
,
22
.99
%
,
1/05/25
...
1,016
115
184412079.LC.FTS.B
,
18
.99
%
,
1/06/25
...
2,190
2,180
184149278.LC.FTS.B
,
16
.49
%
,
1/28/25
...
4,696
221
184415798.LC.FTS.B
,
22
.99
%
,
2/04/25
...
2,672
2,703
183031081.LC.FTS.B
,
15
%
,
2/18/25
.....
3,328
2,944
182227875.LC.FTS.B
,
19
.49
%
,
2/27/25
...
4,250
4,272
183979122.LC.FTS.B
,
18
.99
%
,
3/10/25
...
738
22
183473491.LC.FTS.B
,
18
.99
%
,
3/15/25
...
12,869
535
183342456.LC.FTS.B
,
22
.49
%
,
3/26/25
...
7,475
7,615
182593987.LC.FTS.B
,
14
.19
%
,
4/01/25
...
4,252
4,231
182882751.LC.FTS.B
,
5
%
,
4/03/25
......
1,011
860
183354385.LC.FTS.B
,
12
.49
%
,
4/03/25
...
1,619
1,611
183170547.LC.FTS.B
,
16
.49
%
,
4/13/25
...
8,453
3,494
184272023.LC.FTS.B
,
19
.49
%
,
4/23/25
...
5,227
4,258
182884112.LC.FTS.B
,
15
%
,
4/25/25
.....
8,666
7,499
183027816.LC.FTS.B
,
18
.99
%
,
4/26/25
...
3,673
458
183992321.LC.FTS.B
,
17
.44
%
,
4/28/25
...
19,357
–
183711809.LC.FTS.B
,
17
.49
%
,
4/29/25
...
7,361
340
184200182.LC.FTS.B
,
13
.19
%
,
4/30/25
...
8,631
1,751
184277567.LC.FTS.B
,
15
.49
%
,
4/30/25
...
2,840
2,834
184149207.LC.FTS.B
,
18
.99
%
,
5/22/25
...
4,769
289
183388949.LC.FTS.B
,
14
.19
%
,
5/30/25
...
9,921
9,919
182783983.LC.FTS.B
,
17
.49
%
,
5/31/25
...
7,398
7,364
184279960.LC.FTS.B
,
13
.99
%
,
7/14/25
...
13,999
635
183532866.LC.FTS.B
,
5
%
,
7/20/25
......
2,093
1,781
183532916.LC.FTS.B
,
22
.99
%
,
7/20/25
...
4,007
3,258
184253510.LC.FTS.B
,
15
%
,
7/21/25
.....
6,169
5,250
183872755.LC.FTS.B
,
22
.99
%
,
9/07/25
...
4,479
1,779
171045369.LC.FTS.B
,
16
.08
%
,
10/07/25
..
3,290
3,258
171130012.LC.FTS.B
,
17
.3
%
,
10/09/25
...
3,936
3,901
170762714.LC.FTS.B
,
16
.08
%
,
10/13/25
..
6,575
6,506
183281940.LC.FTS.B
,
22
.99
%
,
11/30/25
..
2,113
407
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
172876605.LC.FTS.B
,
17
.3
%
,
12/14/25
...
$
4,497
$
4,457
172960729.LC.FTS.B
,
14
.02
%
,
12/19/25
..
7,886
7,722
183409645.LC.FTS.B
,
5
%
,
12/20/25
.....
7,493
6,324
184051226.LC.FTS.B
,
5
%
,
12/20/25
.....
13,599
13,403
172424365.LC.FTS.B
,
15
.4
%
,
12/20/25
...
4,056
4,014
173018414.LC.FTS.B
,
13
.33
%
,
12/22/25
..
5,651
5,542
172834572.LC.FTS.B
,
15
.4
%
,
12/24/25
...
5,524
5,470
173277936.LC.FTS.B
,
16
.08
%
,
12/31/25
..
15,471
15,361
173400785.LC.FTS.B
,
16
.08
%
,
12/31/25
..
3,981
3,933
173423229.LC.FTS.B
,
16
.08
%
,
1/04/26
...
7,746
7,671
173604231.LC.FTS.B
,
14
.02
%
,
1/12/26
...
6,772
6,512
173383392.LC.FTS.B
,
15
.4
%
,
1/12/26
...
4,602
4,503
173663810.LC.FTS.B
,
17
.3
%
,
1/13/26
...
3,351
3,311
173394313.LC.FTS.B
,
16
.08
%
,
1/16/26
...
6,857
6,797
173666949.LC.FTS.B
,
20
.74
%
,
1/25/26
...
4,283
4,264
174084354.LC.FTS.B
,
12
.49
%
,
1/26/26
...
14,699
14,254
174042657.LC.FTS.B
,
13
.74
%
,
1/26/26
...
8,560
983
173441334.LC.FTS.B
,
17
.3
%
,
1/28/26
...
14,187
14,169
174232024.LC.FTS.B
,
21
.49
%
,
1/29/26
...
7,490
7,599
174293135.LC.FTS.B
,
14
.74
%
,
2/04/26
...
13,126
12,814
174267823.LC.FTS.B
,
16
.99
%
,
2/04/26
...
6,134
6,077
174354729.LC.FTS.B
,
17
.24
%
,
2/04/26
...
2,783
2,747
174297080.LC.FTS.B
,
15
.74
%
,
2/05/26
...
4,043
4,001
174102738.LC.FTS.B
,
15
.44
%
,
2/08/26
...
3,278
3,242
171905795.LC.FTS.B
,
16
.08
%
,
5/15/26
...
6,029
5,933
181324642.LC.FTS.B
,
15
.19
%
,
10/13/26
..
19,235
1,804
182237890.LC.FTS.B
,
18
.49
%
,
10/14/26
..
8,449
8,112
181681556.LC.FTS.B
,
19
.49
%
,
10/14/26
..
8,538
8,448
182220241.LC.FTS.B
,
23
.99
%
,
10/14/26
..
5,063
5,102
182239660.LC.FTS.B
,
19
.99
%
,
10/16/26
..
8,589
8,523
182337953.LC.FTS.B
,
15
.19
%
,
10/17/26
..
8,987
8,831
182196271.LC.FTS.B
,
20
.49
%
,
10/18/26
..
5,751
5,725
182283124.LC.FTS.B
,
21
.99
%
,
10/18/26
..
11,971
12,080
182365065.LC.FTS.B
,
23
.99
%
,
10/18/26
..
4,131
4,147
182404645.LC.FTS.B
,
Zero
Cpn
,
10/19/26
17,466
–
182424479.LC.FTS.B
,
28
.99
%
,
10/19/26
..
13,546
644
182447710.LC.FTS.B
,
18
.44
%
,
10/20/26
..
10,809
10,618
182489147.LC.FTS.B
,
18
.99
%
,
10/20/26
..
19,820
19,468
182400546.LC.FTS.B
,
20
.44
%
,
10/20/26
..
3,967
3,918
182279442.LC.FTS.B
,
21
.99
%
,
10/20/26
..
14,016
14,114
182381955.LC.FTS.B
,
26
.99
%
,
10/20/26
..
2,451
2,493
181832576.LC.FTS.B
,
27
.49
%
,
10/21/26
..
15,435
15,659
182373053.LC.FTS.B
,
20
.44
%
,
10/22/26
..
11,524
11,451
182419678.LC.FTS.B
,
19
.99
%
,
10/25/26
..
13,012
10,262
182135115.LC.FTS.B
,
24
.99
%
,
10/28/26
..
14,871
15,059
182100249.LC.FTS.B
,
28
.99
%
,
10/28/26
..
6,315
6,430
182412380.LC.FTS.B
,
23
.99
%
,
11/01/26
..
5,908
5,891
182763696.LC.FTS.B
,
23
.99
%
,
11/01/26
..
9,222
9,212
182249975.LC.FTS.B
,
25
.99
%
,
11/01/26
..
7,701
7,689
182785608.LC.FTS.B
,
15
.19
%
,
11/02/26
..
18,593
1,762
182425449.LC.FTS.B
,
15
.44
%
,
11/02/26
..
8,426
8,038
182814285.LC.FTS.B
,
15
.44
%
,
11/02/26
..
15,729
15,127
182871113.LC.FTS.B
,
21
.99
%
,
11/02/26
..
12,012
12,028
182810881.LC.FTS.B
,
28
.99
%
,
11/02/26
..
3,842
3,832
182655109.LC.FTS.B
,
13
.19
%
,
11/03/26
..
6,511
6,373
182715994.LC.FTS.B
,
18
.99
%
,
11/03/26
..
6,690
6,552
182871003.LC.FTS.B
,
24
.99
%
,
11/03/26
..
11,122
11,210
182883867.LC.FTS.B
,
24
.99
%
,
11/03/26
..
4,325
4,359
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)
LendingClub
Corp.
-
LCX
PM
(continued)
182934282.LC.FTS.B
,
15
.44
%
,
11/04/26
..
$
7,865
$
7,710
182296093.LC.FTS.B
,
18
.19
%
,
11/04/26
..
3,470
3,394
181746904.LC.FTS.B
,
12
.99
%
,
11/05/26
..
17,932
6,453
182956744.LC.FTS.B
,
16
.49
%
,
11/05/26
..
17,042
16,578
182845986.LC.FTS.B
,
19
.99
%
,
11/05/26
..
5,145
5,097
182433195.LC.FTS.B
,
25
.99
%
,
11/05/26
..
6,065
289
182842302.LC.FTS.B
,
Zero
Cpn
,
11/08/26
18,019
–
182567782.LC.FTS.B
,
13
.74
%
,
11/08/26
..
2,015
1,990
182834096.LC.FTS.B
,
15
.49
%
,
11/08/26
..
15,074
14,768
183010490.LC.FTS.B
,
16
.49
%
,
11/08/26
..
12,536
12,041
182905174.LC.FTS.B
,
22
.99
%
,
11/10/26
..
14,305
14,322
182988585.LC.FTS.B
,
19
.49
%
,
11/12/26
..
8,789
8,724
182925771.LC.FTS.B
,
23
.99
%
,
11/12/26
..
21,427
21,332
182931548.LC.FTS.B
,
24
.99
%
,
11/12/26
..
6,898
6,950
182761588.LC.FTS.B
,
Zero
Cpn
,
11/14/26
13,812
–
183224681.LC.FTS.B
,
13
.49
%
,
11/15/26
..
8,799
8,603
183101425.LC.FTS.B
,
17
.44
%
,
11/15/26
..
16,065
15,785
182999628.LC.FTS.B
,
17
.74
%
,
11/15/26
..
6,972
6,836
182675743.LC.FTS.B
,
19
.49
%
,
11/15/26
..
20,876
20,695
182737896.LC.FTS.B
,
19
.49
%
,
11/15/26
..
11,370
11,269
182379386.LC.FTS.B
,
23
.99
%
,
11/15/26
..
13,469
13,494
182921002.LC.FTS.B
,
23
.99
%
,
11/15/26
..
8,118
8,145
182946956.LC.FTS.B
,
24
.99
%
,
11/15/26
..
12,061
12,162
182962134.LC.FTS.B
,
24
.99
%
,
11/15/26
..
12,542
12,647
183159092.LC.FTS.B
,
28
.99
%
,
11/15/26
..
4,002
–
183274263.LC.FTS.B
,
15
.44
%
,
11/16/26
..
11,759
11,482
182977646.LC.FTS.B
,
16
.99
%
,
11/16/26
..
17,307
16,977
183238822.LC.FTS.B
,
16
.99
%
,
11/16/26
..
13,480
13,067
183287259.LC.FTS.B
,
18
.19
%
,
11/16/26
..
6,265
6,137
183154136.LC.FTS.B
,
18
.49
%
,
11/16/26
..
5,801
5,689
183200190.LC.FTS.B
,
19
.49
%
,
11/16/26
..
3,515
3,483
182845074.LC.FTS.B
,
20
.99
%
,
11/16/26
..
17,978
17,721
183239755.LC.FTS.B
,
21
.99
%
,
11/16/26
..
15,015
15,109
183239325.LC.FTS.B
,
24
.99
%
,
11/16/26
..
10,712
–
183197788.LC.FTS.B
,
25
.99
%
,
11/16/26
..
12,490
12,440
183321499.LC.FTS.B
,
16
.49
%
,
11/17/26
..
1,818
1,787
183270309.LC.FTS.B
,
18
.99
%
,
11/17/26
..
16,930
1,111
183336838.LC.FTS.B
,
20
.99
%
,
11/17/26
..
16,531
1,550
183253428.LC.FTS.B
,
25
.99
%
,
11/17/26
..
12,471
12,636
182954228.LC.FTS.B
,
13
.49
%
,
11/18/26
..
15,050
14,698
182922353.LC.FTS.B
,
15
.49
%
,
11/18/26
..
21,378
3,866
183368090.LC.FTS.B
,
19
.49
%
,
11/18/26
..
6,426
6,388
183287872.LC.FTS.B
,
23
.99
%
,
11/18/26
..
6,707
6,725
183371105.LC.FTS.B
,
Zero
Cpn
,
11/19/26
15,116
–
182932552.LC.FTS.B
,
13
.19
%
,
11/19/26
..
8,263
8,115
183409505.LC.FTS.B
,
15
.19
%
,
11/19/26
..
16,820
16,515
183197708.LC.FTS.B
,
21
.99
%
,
11/19/26
..
14,414
14,526
183391565.LC.FTS.B
,
23
.99
%
,
11/19/26
..
4,167
4,191
183321695.LC.FTS.B
,
21
.49
%
,
11/21/26
..
10,033
9,976
183333541.LC.FTS.B
,
14
.19
%
,
11/22/26
..
12,193
11,939
183227368.LC.FTS.B
,
16
.44
%
,
11/22/26
..
13,988
13,550
182980965.LC.FTS.B
,
17
.24
%
,
11/22/26
..
11,451
11,271
183371257.LC.FTS.B
,
17
.74
%
,
11/22/26
..
17,320
17,016
183425358.LC.FTS.B
,
18
.49
%
,
11/22/26
..
4,640
4,566
183430858.LC.FTS.B
,
18
.49
%
,
11/22/26
..
7,680
–
183418746.LC.FTS.B
,
19
.49
%
,
11/22/26
..
17,640
17,509
183426724.LC.FTS.B
,
21
.49
%
,
11/22/26
..
7,172
7,135
183434742.LC.FTS.B
,
23
.19
%
,
11/22/26
..
5,012
5,053
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
182942183.LC.FTS.B
,
24
.99
%
,
11/22/26
..
$
3,164
$
3,201
183446729.LC.FTS.B
,
Zero
Cpn
,
11/23/26
9,457
–
183436461.LC.FTS.B
,
12
.74
%
,
11/23/26
..
19,647
19,204
183477091.LC.FTS.B
,
13
.19
%
,
11/23/26
..
5,481
5,384
183485184.LC.FTS.B
,
13
.99
%
,
11/23/26
..
3,318
3,259
183298862.LC.FTS.B
,
14
.19
%
,
11/23/26
..
22,282
21,903
183490789.LC.FTS.B
,
14
.49
%
,
11/23/26
..
4,448
4,357
183000324.LC.FTS.B
,
15
.44
%
,
11/23/26
..
3,737
3,672
183505251.LC.FTS.B
,
16
.49
%
,
11/23/26
..
5,681
5,594
183373318.LC.FTS.B
,
16
.99
%
,
11/23/26
..
12,080
1,512
183447586.LC.FTS.B
,
17
.49
%
,
11/23/26
..
12,055
11,671
183425539.LC.FTS.B
,
18
.49
%
,
11/23/26
..
10,826
10,574
183430694.LC.FTS.B
,
18
.49
%
,
11/23/26
..
12,180
11,790
183430676.LC.FTS.B
,
21
.99
%
,
11/23/26
..
13,814
13,938
183407041.LC.FTS.B
,
24
.99
%
,
11/23/26
..
1,497
1,492
183095344.LC.FTS.B
,
13
.44
%
,
11/24/26
..
21,987
21,667
183249731.LC.FTS.B
,
17
.49
%
,
11/24/26
..
7,941
7,804
183149701.LC.FTS.B
,
18
.49
%
,
11/24/26
..
17,605
17,306
183470077.LC.FTS.B
,
18
.99
%
,
11/24/26
..
14,338
14,081
182933015.LC.FTS.B
,
19
.49
%
,
11/24/26
..
16,406
16,340
182954964.LC.FTS.B
,
19
.49
%
,
11/24/26
..
12,598
12,547
183015727.LC.FTS.B
,
20
.44
%
,
11/24/26
..
8,883
8,819
183384203.LC.FTS.B
,
20
.49
%
,
11/24/26
..
9,038
–
183167278.LC.FTS.B
,
20
.99
%
,
11/24/26
..
17,031
–
183514721.LC.FTS.B
,
Zero
Cpn
,
11/26/26
4,232
–
183548843.LC.FTS.B
,
Zero
Cpn
,
11/26/26
5,894
–
183549091.LC.FTS.B
,
Zero
Cpn
,
11/26/26
7,671
–
183524584.LC.FTS.B
,
13
.19
%
,
11/26/26
..
5,484
5,395
183557623.LC.FTS.B
,
16
.19
%
,
11/26/26
..
8,494
8,325
183499818.LC.FTS.B
,
16
.44
%
,
11/26/26
..
22,713
22,025
183505272.LC.FTS.B
,
21
.49
%
,
11/26/26
..
3,807
–
183525639.LC.FTS.B
,
21
.99
%
,
11/26/26
..
3,604
3,641
183193272.LC.FTS.B
,
15
.44
%
,
11/27/26
..
2,981
2,937
183340558.LC.FTS.B
,
17
.74
%
,
11/28/26
..
19,191
18,879
183180134.LC.FTS.B
,
19
.49
%
,
11/28/26
..
23,480
1,045
183556398.LC.FTS.B
,
23
.99
%
,
11/28/26
..
6,032
6,092
183476845.LC.FTS.B
,
16
.49
%
,
11/29/26
..
8,283
8,151
183447683.LC.FTS.B
,
20
.44
%
,
11/29/26
..
11,534
11,497
183369356.LC.FTS.B
,
20
.99
%
,
11/29/26
..
3,075
3,031
183499719.LC.FTS.B
,
15
.44
%
,
11/30/26
..
8,677
8,323
183304070.LC.FTS.B
,
15
.99
%
,
11/30/26
..
20,703
20,266
183359968.LC.FTS.B
,
16
.49
%
,
11/30/26
..
12,626
12,432
183649644.LC.FTS.B
,
16
.99
%
,
11/30/26
..
6,281
6,194
183434269.LC.FTS.B
,
17
.24
%
,
11/30/26
..
4,629
4,540
183636681.LC.FTS.B
,
18
.49
%
,
11/30/26
..
20,039
19,721
183630947.LC.FTS.B
,
18
.99
%
,
11/30/26
..
16,268
1,526
183585512.LC.FTS.B
,
19
.99
%
,
11/30/26
..
14,133
13,930
182816829.LC.FTS.B
,
21
.99
%
,
11/30/26
..
6,598
6,594
183544070.LC.FTS.B
,
21
.99
%
,
11/30/26
..
12,011
12,146
183618524.LC.FTS.B
,
22
.99
%
,
11/30/26
..
15,157
15,325
183540100.LC.FTS.B
,
23
.99
%
,
11/30/26
..
3,864
756
183611465.LC.FTS.B
,
24
.99
%
,
11/30/26
..
7,417
7,517
183633965.LC.FTS.B
,
24
.99
%
,
11/30/26
..
3,674
3,740
183562403.LC.FTS.B
,
Zero
Cpn
,
12/01/26
7,587
–
183676944.LC.FTS.B
,
17
.24
%
,
12/01/26
..
3,534
3,457
183333618.LC.FTS.B
,
21
.49
%
,
12/01/26
..
6,759
–
183683504.LC.FTS.B
,
Zero
Cpn
,
12/02/26
6,166
–
183067587.LC.FTS.B
,
6
%
,
12/02/26
.....
14,064
13,943
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)
LendingClub
Corp.
-
LCX
PM
(continued)
183768813.LC.FTS.B
,
13
.24
%
,
12/02/26
..
$
8,476
$
8,250
183695657.LC.FTS.B
,
15
.44
%
,
12/02/26
..
8,675
8,487
183699303.LC.FTS.B
,
17
.24
%
,
12/02/26
..
11,209
–
183702434.LC.FTS.B
,
20
.49
%
,
12/02/26
..
17,927
17,712
183789584.LC.FTS.B
,
Zero
Cpn
,
12/03/26
11,671
–
183499399.LC.FTS.B
,
15
.44
%
,
12/03/26
..
7,008
6,845
183483610.LC.FTS.B
,
17
.24
%
,
12/03/26
..
11,167
10,926
183721314.LC.FTS.B
,
17
.44
%
,
12/03/26
..
9,537
9,340
183746554.LC.FTS.B
,
18
.49
%
,
12/03/26
..
2,989
2,919
183771895.LC.FTS.B
,
21
.99
%
,
12/03/26
..
11,104
11,099
182329589.LC.FTS.B
,
24
.99
%
,
12/03/26
..
5,731
5,627
183877324.LC.FTS.B
,
16
.49
%
,
12/06/26
..
23,385
22,766
183799901.LC.FTS.B
,
17
.74
%
,
12/06/26
..
5,920
5,794
183790054.LC.FTS.B
,
18
.49
%
,
12/06/26
..
3,758
3,677
183710879.LC.FTS.B
,
19
.95
%
,
12/06/26
..
14,959
5,476
183788160.LC.FTS.B
,
23
.99
%
,
12/06/26
..
6,537
–
183809680.LC.FTS.B
,
17
.24
%
,
12/07/26
..
19,794
18,896
183882896.LC.FTS.B
,
17
.24
%
,
12/07/26
..
10,605
10,305
183312099.LC.FTS.B
,
18
.99
%
,
12/07/26
..
6,798
6,647
183415342.LC.FTS.B
,
19
.49
%
,
12/07/26
..
18,071
17,476
183762991.LC.FTS.B
,
19
.49
%
,
12/07/26
..
13,388
13,096
183495228.LC.FTS.B
,
20
.44
%
,
12/07/26
..
3,644
3,594
183520272.LC.FTS.B
,
21
.49
%
,
12/07/26
..
13,228
13,079
183885314.LC.FTS.B
,
21
.99
%
,
12/07/26
..
3,701
3,703
183867910.LC.FTS.B
,
23
.99
%
,
12/07/26
..
9,425
9,427
183866613.LC.FTS.B
,
25
.99
%
,
12/07/26
..
6,046
6,025
183909323.LC.FTS.B
,
28
.99
%
,
12/07/26
..
8,699
990
183046392.LC.FTS.B
,
13
.19
%
,
12/08/26
..
14,120
13,833
183492757.LC.FTS.B
,
16
.99
%
,
12/08/26
..
8,841
8,655
183536773.LC.FTS.B
,
19
.74
%
,
12/08/26
..
21,239
21,011
183933487.LC.FTS.B
,
23
.99
%
,
12/08/26
..
9,425
9,431
183999420.LC.FTS.B
,
12
.99
%
,
12/09/26
..
22,543
21,978
183274086.LC.FTS.B
,
14
.44
%
,
12/09/26
..
9,730
9,536
183461812.LC.FTS.B
,
16
.74
%
,
12/09/26
..
11,429
11,137
183576479.LC.FTS.B
,
17
.44
%
,
12/09/26
..
14,253
13,965
183996173.LC.FTS.B
,
17
.44
%
,
12/09/26
..
21,250
20,704
184003319.LC.FTS.B
,
18
.19
%
,
12/09/26
..
5,947
5,826
183987324.LC.FTS.B
,
23
.99
%
,
12/09/26
..
10,070
10,048
183966000.LC.FTS.B
,
24
.99
%
,
12/09/26
..
3,182
3,192
183970462.LC.FTS.B
,
24
.99
%
,
12/09/26
..
1,902
1,915
183532974.LC.FTS.B
,
Zero
Cpn
,
12/10/26
9,624
–
184009395.LC.FTS.B
,
9
.49
%
,
12/10/26
...
17,893
17,172
184012121.LC.FTS.B
,
13
.44
%
,
12/10/26
..
10,760
10,499
183680345.LC.FTS.B
,
16
.44
%
,
12/10/26
..
7,596
7,445
183129988.LC.FTS.B
,
16
.99
%
,
12/10/26
..
10,420
10,182
183607115.LC.FTS.B
,
17
.24
%
,
12/10/26
..
13,619
13,243
183793588.LC.FTS.B
,
17
.24
%
,
12/10/26
..
4,144
4,052
183974150.LC.FTS.B
,
19
.99
%
,
12/10/26
..
15,134
14,949
184022156.LC.FTS.B
,
20
.49
%
,
12/10/26
..
6,006
5,932
183611528.LC.FTS.B
,
23
.99
%
,
12/10/26
..
14,406
14,280
183942336.LC.FTS.B
,
24
.99
%
,
12/10/26
..
12,681
12,775
183970602.LC.FTS.B
,
24
.99
%
,
12/10/26
..
7,609
7,626
184013288.LC.FTS.B
,
24
.99
%
,
12/10/26
..
13,002
5,065
183943387.LC.FTS.B
,
15
.44
%
,
12/13/26
..
13,591
13,255
184056742.LC.FTS.B
,
15
.44
%
,
12/13/26
..
9,849
–
183965552.LC.FTS.B
,
16
.49
%
,
12/13/26
..
8,771
8,582
184033080.LC.FTS.B
,
17
.44
%
,
12/13/26
..
12,872
12,491
183788093.LC.FTS.B
,
17
.49
%
,
12/13/26
..
4,457
–
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
183731402.LC.FTS.B
,
19
.44
%
,
12/13/26
..
$
9,633
$
9,544
184062734.LC.FTS.B
,
21
.49
%
,
12/13/26
..
3,188
147
184039087.LC.FTS.B
,
24
.99
%
,
12/13/26
..
6,024
6,042
184051343.LC.FTS.B
,
28
.99
%
,
12/13/26
..
11,812
11,951
184176824.LC.FTS.B
,
14
.99
%
,
12/14/26
..
8,060
7,846
183228318.LC.FTS.B
,
15
.19
%
,
12/14/26
..
20,314
19,306
184127951.LC.FTS.B
,
15
.44
%
,
12/14/26
..
12,145
11,913
184144008.LC.FTS.B
,
16
.99
%
,
12/14/26
..
10,751
10,518
184142978.LC.FTS.B
,
17
.44
%
,
12/14/26
..
8,854
8,683
184109137.LC.FTS.B
,
17
.74
%
,
12/14/26
..
8,881
8,611
184114198.LC.FTS.B
,
18
.99
%
,
12/14/26
..
14,686
14,400
183841644.LC.FTS.B
,
19
.99
%
,
12/14/26
..
7,871
7,649
184107799.LC.FTS.B
,
19
.99
%
,
12/14/26
..
1,516
1,498
184130928.LC.FTS.B
,
21
.99
%
,
12/14/26
..
9,334
9,346
183623138.LC.FTS.B
,
23
.99
%
,
12/14/26
..
7,193
7,195
184107590.LC.FTS.B
,
23
.99
%
,
12/14/26
..
4,404
4,361
183641094.LC.FTS.B
,
24
.99
%
,
12/14/26
..
6,351
6,373
183971412.LC.FTS.B
,
28
.49
%
,
12/14/26
..
6,347
6,417
183159318.LC.FTS.B
,
6
%
,
12/15/26
.....
7,245
7,108
183916918.LC.FTS.B
,
13
.19
%
,
12/15/26
..
13,072
12,803
184198353.LC.FTS.B
,
14
.01
%
,
12/15/26
..
22,531
21,985
183712326.LC.FTS.B
,
15
.44
%
,
12/15/26
..
3,754
3,667
184146721.LC.FTS.B
,
16
.44
%
,
12/15/26
..
8,771
8,491
184204044.LC.FTS.B
,
16
.49
%
,
12/15/26
..
8,769
8,555
183603668.LC.FTS.B
,
17
.19
%
,
12/15/26
..
10,770
10,457
183649794.LC.FTS.B
,
21
.49
%
,
12/15/26
..
16,202
16,024
183917868.LC.FTS.B
,
21
.49
%
,
12/15/26
..
11,467
11,364
183758691.LC.FTS.B
,
23
.99
%
,
12/15/26
..
3,959
744
183593989.LC.FTS.B
,
27
.49
%
,
12/15/26
..
17,008
6,744
183905553.LC.FTS.B
,
13
.44
%
,
12/16/26
..
3,681
3,523
184144886.LC.FTS.B
,
15
.19
%
,
12/16/26
..
16,152
15,855
184230527.LC.FTS.B
,
16
.49
%
,
12/16/26
..
17,539
17,214
183805030.LC.FTS.B
,
17
.49
%
,
12/16/26
..
16,610
15,989
184233755.LC.FTS.B
,
18
.49
%
,
12/16/26
..
7,546
–
183706984.LC.FTS.B
,
21
.49
%
,
12/16/26
..
5,785
5,733
183590285.LC.FTS.B
,
21
.99
%
,
12/16/26
..
12,767
10,161
183612692.LC.FTS.B
,
13
.49
%
,
12/17/26
..
7,932
7,747
183935167.LC.FTS.B
,
16
.19
%
,
12/17/26
..
11,070
10,657
184223937.LC.FTS.B
,
16
.44
%
,
12/17/26
..
11,113
10,888
184141163.LC.FTS.B
,
17
.49
%
,
12/17/26
..
1,645
1,604
184248806.LC.FTS.B
,
18
.49
%
,
12/17/26
..
16,770
16,448
184251864.LC.FTS.B
,
21
.99
%
,
12/17/26
..
5,618
5,623
183868559.LC.FTS.B
,
23
.99
%
,
12/17/26
..
5,891
–
184214073.LC.FTS.B
,
27
.99
%
,
12/17/26
..
7,809
7,918
183656375.LC.FTS.B
,
14
.44
%
,
12/18/26
..
3,956
3,766
183673632.LC.FTS.B
,
15
.44
%
,
12/18/26
..
8,817
8,495
183874472.LC.FTS.B
,
15
.44
%
,
12/18/26
..
9,334
8,888
183852446.LC.FTS.B
,
17
.99
%
,
12/18/26
..
9,634
9,304
184082880.LC.FTS.B
,
15
.44
%
,
12/20/26
..
5,205
–
183977917.LC.FTS.B
,
16
.49
%
,
12/20/26
..
14,709
14,006
184270452.LC.FTS.B
,
16
.99
%
,
12/20/26
..
7,630
934
184104646.LC.FTS.B
,
17
.44
%
,
12/20/26
..
11,215
11,014
184283202.LC.FTS.B
,
19
.49
%
,
12/20/26
..
4,819
4,783
184059193.LC.FTS.B
,
21
.99
%
,
12/20/26
..
13,500
13,529
184382909.LC.FTS.B
,
12
.99
%
,
12/21/26
..
11,272
11,016
184130767.LC.FTS.B
,
16
.44
%
,
12/21/26
..
12,271
11,816
184309308.LC.FTS.B
,
17
.24
%
,
12/21/26
..
7,236
7,035
184365323.LC.FTS.B
,
18
.74
%
,
12/21/26
..
11,959
11,746
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)
LendingClub
Corp.
-
LCX
PM
(continued)
184032290.LC.FTS.B
,
20
.99
%
,
12/21/26
..
$
12,783
$
12,300
184358622.LC.FTS.B
,
21
.99
%
,
12/21/26
..
7,712
7,726
184066327.LC.FTS.B
,
14
.19
%
,
12/22/26
..
7,992
7,858
184190300.LC.FTS.B
,
16
.49
%
,
12/22/26
..
7,225
–
183529593.LC.FTS.B
,
17
.49
%
,
12/22/26
..
10,512
10,275
184035152.LC.FTS.B
,
Zero
Cpn
,
12/23/26
4,873
–
184471382.LC.FTS.B
,
13
.49
%
,
12/23/26
..
2,491
312
184224030.LC.FTS.B
,
15
.49
%
,
12/23/26
..
11,611
11,326
184421299.LC.FTS.B
,
16
.74
%
,
12/23/26
..
4,396
4,322
183436430.LC.FTS.B
,
16
.99
%
,
12/23/26
..
21,320
16,579
184427346.LC.FTS.B
,
19
.74
%
,
12/23/26
..
17,359
13,673
184321733.LC.FTS.B
,
23
.99
%
,
12/23/26
..
16,106
12,901
184033253.LC.FTS.B
,
28
.99
%
,
12/23/26
..
5,774
5,857
184040777.LC.FTS.B
,
23
.99
%
,
12/24/26
..
6,456
5,158
183940387.LC.FTS.B
,
19
.99
%
,
12/25/26
..
11,073
10,984
184005719.LC.FTS.B
,
20
.44
%
,
12/25/26
..
7,569
7,506
184009581.LC.FTS.B
,
22
.99
%
,
12/25/26
..
22,204
22,294
184404343.LC.FTS.B
,
13
.24
%
,
12/27/26
..
22,604
22,121
184283871.LC.FTS.B
,
21
.99
%
,
12/27/26
..
12,338
12,432
184275242.LC.FTS.B
,
23
.99
%
,
12/27/26
..
12,567
12,659
184249796.LC.FTS.B
,
15
.44
%
,
12/28/26
..
9,364
9,202
184172800.LC.FTS.B
,
16
.44
%
,
12/28/26
..
7,699
7,432
184029644.LC.FTS.B
,
17
.49
%
,
12/28/26
..
17,982
17,668
183866022.LC.FTS.B
,
24
.99
%
,
12/28/26
..
7,474
–
184075164.LC.FTS.B
,
17
.74
%
,
12/29/26
..
18,782
18,454
184298012.LC.FTS.B
,
18
.74
%
,
12/30/26
..
3,376
3,322
184273228.LC.FTS.B
,
21
.99
%
,
12/30/26
..
9,884
1,934
184017343.LC.FTS.B
,
23
.99
%
,
12/30/26
..
7,956
7,994
184149742.LC.FTS.B
,
26
.49
%
,
12/30/26
..
14,025
14,163
184473440.LC.FTS.B
,
28
.99
%
,
12/30/26
..
13,143
13,353
183794746.LC.FTS.B
,
21
.99
%
,
12/31/26
..
21,058
–
184286578.LC.FTS.B
,
17
.49
%
,
1/01/27
...
13,530
13,114
184379539.LC.FTS.B
,
12
.19
%
,
1/02/27
...
17,325
16,565
183888494.LC.FTS.B
,
17
.99
%
,
1/06/27
...
5,729
5,580
184927724.LC.FTS.B
,
22
.49
%
,
1/11/27
...
14,632
14,532
184934200.LC.FTS.B
,
23
.49
%
,
1/11/27
...
19,243
19,118
184003793.LC.FTS.B
,
6
%
,
1/15/27
......
4,686
4,627
184924956.LC.FTS.B
,
24
.99
%
,
1/16/27
...
13,352
10,625
181671017.LC.FTS.B
,
15
%
,
2/14/27
.....
15,065
11,813
183328750.LC.FTS.B
,
28
.99
%
,
3/22/27
...
5,098
4,145
183562559.LC.FTS.B
,
15
.24
%
,
3/26/27
...
18,173
17,638
182925976.LC.FTS.B
,
18
.99
%
,
4/03/27
...
5,228
5,081
183431866.LC.FTS.B
,
15
%
,
4/15/27
.....
17,504
14,475
182469398.LC.FTS.B
,
21
.99
%
,
5/05/27
...
14,202
1,656
183902344.LC.FTS.B
,
17
.49
%
,
5/07/27
...
13,806
603
183766454.LC.FTS.B
,
16
.99
%
,
5/10/27
...
14,428
–
184108646.LC.FTS.B
,
10
%
,
5/15/27
.....
5,419
4,223
184445530.LC.FTS.B
,
15
%
,
5/15/27
.....
13,951
11,517
182312904.LC.FTS.B
,
28
.99
%
,
5/18/27
...
5,441
5,525
182882013.LC.FTS.B
,
15
%
,
5/24/27
.....
13,297
11,144
184033235.LC.FTS.B
,
24
.99
%
,
5/24/27
...
17,259
13,724
183844253.LC.FTS.B
,
18
.99
%
,
6/20/27
...
21,935
–
184102080.LC.FTS.B
,
23
.99
%
,
6/20/27
...
6,723
631
183437929.LC.FTS.B
,
20
.49
%
,
6/30/27
...
17,166
16,970
183877158.LC.FTS.B
,
20
.44
%
,
7/21/27
...
10,421
–
184211532.LC.FTS.B
,
21
.99
%
,
7/28/27
...
24,820
24,681
183252907.LC.FTS.B
,
16
.49
%
,
9/17/27
...
10,667
10,283
182185437.LC.FTS.B
,
5
%
,
10/29/27
.....
11,820
11,549
Description
Principal
Amount
Value
LendingClub
Corp.
-
LCX
PM
(continued)
184064152.LC.FTS.B
,
19
.49
%
,
10/13/28
..
$
17,704
$
2,125
172830533.LC.FTS.B
,
Zero
Cpn
,
1/04/34
.
2,362
–
174146725.LC.FTS.B
,
Zero
Cpn
,
2/05/34
.
19,597
–
174279916.LC.FTS.B
,
13
.04
%
,
6/08/34
...
5,231
–
3,490,714
Prosper
Funding
LLC
1610723.PS.FTS.B
,
16
.9
%
,
9/03/24
.....
535
537
1606394.PS.FTS.B
,
20
.9
%
,
9/15/24
.....
633
634
1633506.PS.FTS.B
,
12
.2
%
,
9/20/24
.....
786
788
1612025.PS.FTS.B
,
15
.6
%
,
9/20/24
.....
138
139
1623956.PS.FTS.B
,
12
.3
%
,
9/21/24
.....
413
414
1623944.PS.FTS.B
,
13
.36
%
,
9/21/24
....
1,130
1,133
1634439.PS.FTS.B
,
16
.57
%
,
9/21/24
....
346
348
1635147.PS.FTS.B
,
16
%
,
9/22/24
.......
1,079
1,080
1625753.PS.FTS.B
,
14
.7
%
,
9/24/24
.....
492
495
1618596.PS.FTS.B
,
14
.7
%
,
9/27/24
.....
2,273
83
1630810.PS.FTS.B
,
14
.79
%
,
9/27/24
....
1,692
1,707
1637601.PS.FTS.B
,
15
.4
%
,
9/27/24
.....
1,674
1,688
1630930.PS.FTS.B
,
13
.2
%
,
9/28/24
.....
330
330
1631206.PS.FTS.B
,
13
.66
%
,
9/28/24
....
400
400
1638273.PS.FTS.B
,
16
.43
%
,
9/28/24
....
449
453
1627844.PS.FTS.B
,
16
.61
%
,
9/28/24
....
346
350
1632436.PS.FTS.B
,
15
%
,
9/29/24
.......
709
715
1624058.PS.FTS.B
,
12
.9
%
,
10/04/24
....
1,049
1,045
1640814.PS.FTS.B
,
13
.87
%
,
10/04/24
...
601
597
1645020.PS.FTS.B
,
11
.86
%
,
10/08/24
....
1,467
1,458
1634696.PS.FTS.B
,
13
.66
%
,
10/08/24
...
699
694
1627600.PS.FTS.B
,
18
.41
%
,
10/15/24
...
788
790
1638691.PS.FTS.B
,
11
.6
%
,
10/26/24
....
2,460
2,447
1645625.PS.FTS.B
,
13
.7
%
,
10/27/24
....
999
996
1656237.PS.FTS.B
,
13
.68
%
,
10/28/24
...
349
350
1646081.PS.FTS.B
,
16
.43
%
,
10/28/24
...
1,343
1,345
1649827.PS.FTS.B
,
17
%
,
10/28/24
......
572
577
1646261.PS.FTS.B
,
18
.26
%
,
10/28/24
...
2,917
2,921
1657158.PS.FTS.B
,
10
.8
%
,
10/29/24
....
1,040
1,039
1649938.PS.FTS.B
,
15
.4
%
,
10/29/24
....
811
812
1650670.PS.FTS.B
,
16
.3
%
,
10/29/24
....
273
275
1647092.PS.FTS.B
,
16
.9
%
,
10/29/24
....
4,816
4,771
1647332.PS.FTS.B
,
22
.6
%
,
10/29/24
....
294
297
1652014.PS.FTS.B
,
13
.36
%
,
11/02/24
....
894
889
1648529.PS.FTS.B
,
19
.5
%
,
11/02/24
....
202
201
1651427.PS.FTS.B
,
10
.5
%
,
11/05/24
....
381
379
1654330.PS.FTS.B
,
11
.4
%
,
11/05/24
.....
642
639
1654084.PS.FTS.B
,
13
.4
%
,
11/05/24
....
526
524
1651250.PS.FTS.B
,
16
.83
%
,
11/05/24
....
1,645
1,644
1664829.PS.FTS.B
,
12
.95
%
,
11/08/24
....
592
587
1658140.PS.FTS.B
,
13
.9
%
,
11/08/24
....
697
693
1652924.PS.FTS.B
,
12
.5
%
,
11/09/24
....
2,901
1,047
1665921.PS.FTS.B
,
13
.4
%
,
11/09/24
....
724
722
1659139.PS.FTS.B
,
18
.41
%
,
11/09/24
....
1,103
1,100
1654091.PS.FTS.B
,
15
.9
%
,
11/10/24
....
1,078
1,072
1648630.PS.FTS.B
,
22
.6
%
,
11/10/24
....
708
716
1655651.PS.FTS.B
,
12
.87
%
,
11/15/24
....
769
–
1648733.PS.FTS.B
,
21
.2
%
,
11/15/24
....
5,120
5,075
1663073.PS.FTS.B
,
18
.41
%
,
11/29/24
....
867
870
1651826.PS.FTS.B
,
11
.7
%
,
12/02/24
....
2,558
2,535
1672970.PS.FTS.B
,
13
.5
%
,
12/15/24
....
1,476
1,469
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)
Prosper
Funding
LLC
(continued)
1685973.PS.FTS.B
,
16
%
,
12/15/24
......
$
1,182
$
1,180
1686549.PS.FTS.B
,
13
%
,
12/16/24
......
1,468
1,460
1674656.PS.FTS.B
,
10
.89
%
,
12/17/24
...
2,386
2,375
1680451.PS.FTS.B
,
12
.3
%
,
12/17/24
....
277
276
1685280.PS.FTS.B
,
12
.3
%
,
12/17/24
....
2,917
2,894
1674668.PS.FTS.B
,
12
.65
%
,
12/17/24
...
1,624
1,616
1674647.PS.FTS.B
,
13
.1
%
,
12/17/24
....
1,352
1,348
1680760.PS.FTS.B
,
19
.91
%
,
12/17/24
...
353
355
1685979.PS.FTS.B
,
13
.7
%
,
12/18/24
....
1,657
1,649
1651004.PS.FTS.B
,
16
.6
%
,
12/18/24
....
2,210
2,192
1672952.PS.FTS.B
,
12
%
,
12/20/24
......
489
484
1687806.PS.FTS.B
,
14
.7
%
,
12/31/24
....
3,082
3,065
1692690.PS.FTS.B
,
19
.1
%
,
1/02/25
.....
827
828
1630058.PS.FTS.B
,
19
.3
%
,
1/16/25
.....
1,311
415
1603442.PS.FTS.B
,
18
.2
%
,
7/20/25
.....
2,867
2,846
1652180.PS.FTS.B
,
12
.1
%
,
8/08/25
.....
11,491
2,817
1672340.PS.FTS.B
,
15
.1
%
,
11/14/25
....
8,423
8,287
1613481.PS.FTS.B
,
19
.78
%
,
8/11/26
....
8,056
8,123
1604105.PS.FTS.B
,
13
.74
%
,
8/12/26
....
15,019
14,725
1614300.PS.FTS.B
,
13
.8
%
,
8/12/26
.....
9,520
9,369
1613874.PS.FTS.B
,
15
.2
%
,
8/12/26
.....
5,095
5,014
1613892.PS.FTS.B
,
19
.18
%
,
8/12/26
....
3,438
3,475
1603802.PS.FTS.B
,
20
.3
%
,
8/12/26
.....
5,911
809
1603823.PS.FTS.B
,
28
.4
%
,
8/12/26
.....
1,175
1,211
1607647.PS.FTS.B
,
15
%
,
8/13/26
.......
4,067
4,004
1615164.PS.FTS.B
,
17
%
,
8/13/26
.......
5,412
5,460
1614735.PS.FTS.B
,
18
.73
%
,
8/13/26
....
5,666
5,578
1607977.PS.FTS.B
,
25
.48
%
,
8/13/26
....
2,568
2,651
1604924.PS.FTS.B
,
28
.4
%
,
8/13/26
.....
3,785
3,914
1605023.PS.FTS.B
,
14
.2
%
,
8/16/26
.....
10,850
8,910
1608526.PS.FTS.B
,
19
.78
%
,
8/16/26
....
4,297
4,343
1604936.PS.FTS.B
,
25
%
,
8/16/26
.......
1,140
1,177
1616271.PS.FTS.B
,
12
.5
%
,
8/17/26
.....
5,917
5,808
1609138.PS.FTS.B
,
16
.18
%
,
8/17/26
....
7,733
7,588
1609525.PS.FTS.B
,
17
%
,
8/17/26
.......
4,448
–
1611388.PS.FTS.B
,
15
.8
%
,
8/19/26
.....
12,437
12,280
1612375.PS.FTS.B
,
14
.29
%
,
8/23/26
....
5,040
4,979
1609286.PS.FTS.B
,
15
.2
%
,
8/23/26
.....
821
813
1610333.PS.FTS.B
,
14
.39
%
,
8/24/26
....
2,012
1,992
1620525.PS.FTS.B
,
16
.4
%
,
8/24/26
.....
3,100
3,063
1606978.PS.FTS.B
,
13
.3
%
,
8/25/26
.....
6,600
6,482
1606780.PS.FTS.B
,
29
.08
%
,
8/25/26
....
4,286
4,411
1622217.PS.FTS.B
,
16
.7
%
,
8/27/26
.....
3,048
3,018
1604606.PS.FTS.B
,
29
.74
%
,
9/07/26
....
6,351
6,551
1608397.PS.FTS.B
,
20
.3
%
,
9/14/26
.....
4,737
4,787
1605623.PS.FTS.B
,
16
.64
%
,
9/15/26
....
6,539
6,435
1625707.PS.FTS.B
,
11
.7
%
,
9/16/26
.....
12,359
12,138
1626049.PS.FTS.B
,
15
.18
%
,
9/17/26
....
12,893
12,658
1633221.PS.FTS.B
,
18
.13
%
,
9/17/26
....
19,096
18,799
1632897.PS.FTS.B
,
18
.48
%
,
9/17/26
....
10,920
11,065
1627039.PS.FTS.B
,
12
.7
%
,
9/20/26
.....
2,045
2,009
1627618.PS.FTS.B
,
11
.79
%
,
9/21/26
....
5,562
5,467
1634841.PS.FTS.B
,
11
.79
%
,
9/21/26
....
6,068
5,964
1628728.PS.FTS.B
,
12
.5
%
,
9/22/26
.....
3,570
3,509
1628947.PS.FTS.B
,
12
.5
%
,
9/23/26
.....
5,610
5,516
1635660.PS.FTS.B
,
12
.87
%
,
9/23/26
....
5,138
5,044
1625255.PS.FTS.B
,
13
.2
%
,
9/23/26
.....
4,114
4,045
1636926.PS.FTS.B
,
11
.6
%
,
9/24/26
.....
5,802
5,706
Description
Principal
Amount
Value
Prosper
Funding
LLC
(continued)
1629340.PS.FTS.B
,
12
.9
%
,
9/24/26
.....
$
4,249
$
540
1634442.PS.FTS.B
,
13
.93
%
,
9/26/26
....
4,942
4,850
1630456.PS.FTS.B
,
12
.76
%
,
9/27/26
....
7,673
7,551
1630438.PS.FTS.B
,
15
.29
%
,
9/27/26
....
5,269
5,217
1630432.PS.FTS.B
,
15
.9
%
,
9/27/26
.....
6,367
6,304
1628431.PS.FTS.B
,
16
.64
%
,
9/30/26
....
6,409
6,312
1627061.PS.FTS.B
,
19
.5
%
,
10/01/26
....
14,567
8,492
1636347.PS.FTS.B
,
12
.9
%
,
10/17/26
....
13,641
13,374
1624733.PS.FTS.B
,
16
.33
%
,
10/17/26
...
3,668
3,613
1648981.PS.FTS.B
,
10
.7
%
,
10/27/26
....
9,746
9,577
1655382.PS.FTS.B
,
12
.8
%
,
10/27/26
....
18,516
18,169
1655400.PS.FTS.B
,
13
.7
%
,
10/27/26
....
3,207
3,165
1648636.PS.FTS.B
,
15
.2
%
,
10/27/26
....
1,087
1,073
1645256.PS.FTS.B
,
16
.33
%
,
10/27/26
...
4,404
4,344
1645280.PS.FTS.B
,
18
.78
%
,
10/27/26
...
13,146
3,317
1645934.PS.FTS.B
,
10
.5
%
,
10/28/26
....
4,120
4,044
1649530.PS.FTS.B
,
13
.5
%
,
10/28/26
....
3,749
3,701
1649821.PS.FTS.B
,
13
.66
%
,
10/28/26
...
4,553
4,480
1649653.PS.FTS.B
,
14
.7
%
,
10/28/26
....
3,622
3,575
1646096.PS.FTS.B
,
15
.1
%
,
10/28/26
....
3,258
3,216
1646336.PS.FTS.B
,
16
.33
%
,
10/28/26
...
11,029
10,884
1656207.PS.FTS.B
,
23
.64
%
,
10/28/26
...
15,207
15,458
1657014.PS.FTS.B
,
10
.5
%
,
10/29/26
....
18,614
18,276
1650649.PS.FTS.B
,
13
.8
%
,
10/29/26
....
4,392
4,346
1657059.PS.FTS.B
,
17
%
,
10/29/26
......
9,141
9,285
1646327.PS.FTS.B
,
13
.8
%
,
10/31/26
....
11,059
10,900
1657476.PS.FTS.B
,
13
.8
%
,
11/01/26
....
8,274
8,101
1658550.PS.FTS.B
,
9
.45
%
,
11/02/26
....
7,877
7,692
1649888.PS.FTS.B
,
11
.2
%
,
11/03/26
.....
12,860
12,559
1651424.PS.FTS.B
,
10
.8
%
,
11/05/26
....
6,401
6,254
1651418.PS.FTS.B
,
11
.6
%
,
11/05/26
.....
1,076
1,052
1650998.PS.FTS.B
,
12
.7
%
,
11/05/26
....
8,174
7,986
1660986.PS.FTS.B
,
16
.8
%
,
11/05/26
....
14,241
13,956
1654327.PS.FTS.B
,
22
.55
%
,
11/05/26
....
4,874
5,008
1651841.PS.FTS.B
,
15
.4
%
,
11/08/26
....
3,087
3,029
1665054.PS.FTS.B
,
16
.93
%
,
11/08/26
....
13,747
13,486
1653053.PS.FTS.B
,
11
.55
%
,
11/09/26
....
3,766
3,683
1665906.PS.FTS.B
,
11
.7
%
,
11/09/26
.....
4,311
4,216
1652894.PS.FTS.B
,
12
.7
%
,
11/09/26
....
5,004
4,893
1658878.PS.FTS.B
,
12
.98
%
,
11/09/26
....
13,666
13,362
1659130.PS.FTS.B
,
15
.18
%
,
11/09/26
....
7,839
7,695
1652711.PS.FTS.B
,
16
.2
%
,
11/09/26
.....
7,075
7,129
1654496.PS.FTS.B
,
11
.79
%
,
11/10/26
....
5,394
5,276
1660783.PS.FTS.B
,
11
.7
%
,
11/12/26
.....
9,700
9,491
1659238.PS.FTS.B
,
10
.8
%
,
11/15/26
....
4,010
3,916
1656380.PS.FTS.B
,
10
.9
%
,
11/15/26
....
4,266
4,177
1658161.PS.FTS.B
,
13
.3
%
,
11/15/26
....
4,693
4,597
1653980.PS.FTS.B
,
13
.7
%
,
11/15/26
....
8,333
8,168
1653277.PS.FTS.B
,
13
.8
%
,
11/16/26
....
13,376
13,086
1654759.PS.FTS.B
,
11
.89
%
,
11/19/26
....
2,748
2,682
1660438.PS.FTS.B
,
16
%
,
11/19/26
......
2,853
2,869
1672608.PS.FTS.B
,
16
%
,
11/19/26
......
3,389
3,432
1645613.PS.FTS.B
,
12
.62
%
,
11/20/26
....
7,418
7,268
1645619.PS.FTS.B
,
18
.78
%
,
11/20/26
....
7,798
7,888
1665885.PS.FTS.B
,
13
.7
%
,
11/27/26
....
14,396
14,105
1659142.PS.FTS.B
,
14
.6
%
,
11/30/26
....
4,648
4,547
1672670.PS.FTS.B
,
12
%
,
12/14/26
......
3,903
3,815
1672667.PS.FTS.B
,
18
.78
%
,
12/14/26
...
7,058
7,115
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)
Prosper
Funding
LLC
(continued)
1685589.PS.FTS.B
,
22
.8
%
,
12/14/26
....
$
4,223
$
4,241
1679077.PS.FTS.B
,
15
.12
%
,
12/15/26
...
11,528
11,322
1685964.PS.FTS.B
,
15
.29
%
,
12/15/26
...
11,549
11,342
1672964.PS.FTS.B
,
28
.23
%
,
12/15/26
...
6,520
6,739
1680172.PS.FTS.B
,
13
.4
%
,
12/16/26
....
6,793
6,675
1680709.PS.FTS.B
,
10
.5
%
,
12/17/26
....
10,968
10,730
1687677.PS.FTS.B
,
18
.4
%
,
12/17/26
....
11,919
12,033
1680733.PS.FTS.B
,
26
.5
%
,
12/17/26
....
5,404
1,436
1681081.PS.FTS.B
,
11
.33
%
,
12/20/26
....
5,276
5,158
1681270.PS.FTS.B
,
13
.08
%
,
12/20/26
...
3,949
3,865
1681027.PS.FTS.B
,
25
.9
%
,
12/20/26
....
3,422
3,528
1677662.PS.FTS.B
,
18
.25
%
,
12/23/26
...
13,091
13,256
1608338.PS.FTS.B
,
15
.5
%
,
2/20/27
.....
6,378
5,247
1659106.PS.FTS.B
,
22
.55
%
,
5/09/27
....
5,961
2,755
1656341.PS.FTS.B
,
15
.29
%
,
6/09/27
....
11,224
10,880
1687065.PS.FTS.B
,
16
.4
%
,
6/16/27
.....
13,694
1,807
1624370.PS.FTS.B
,
16
.18
%
,
8/21/27
....
10,131
9,844
1630162.PS.FTS.B
,
16
.33
%
,
8/22/27
....
19,033
15,515
1668165.PS.FTS.B
,
22
.6
%
,
10/12/27
....
3,558
1,536
1613526.PS.FTS.B
,
19
.1
%
,
8/11/34
.....
365
365
1607545.PS.FTS.B
,
12
.7
%
,
8/12/34
.....
501
500
1607185.PS.FTS.B
,
17
.1
%
,
8/12/34
.....
212
213
1607575.PS.FTS.B
,
20
%
,
8/12/34
.......
184
185
1603754.PS.FTS.B
,
21
.49
%
,
8/12/34
....
375
378
1614891.PS.FTS.B
,
16
.7
%
,
8/13/34
.....
176
177
1604669.PS.FTS.B
,
19
.8
%
,
8/13/34
.....
74
74
1615005.PS.FTS.B
,
20
.1
%
,
8/13/34
.....
1,659
–
1608406.PS.FTS.B
,
18
.11
%
,
8/15/34
....
748
748
1615146.PS.FTS.B
,
20
.8
%
,
8/15/34
.....
424
–
1606436.PS.FTS.B
,
28
.64
%
,
8/17/34
....
208
209
1610068.PS.FTS.B
,
20
%
,
8/22/34
.......
200
200
1618998.PS.FTS.B
,
12
.79
%
,
8/23/34
....
1,168
1,173
1620645.PS.FTS.B
,
16
.6
%
,
8/25/34
.....
211
213
1614574.PS.FTS.B
,
27
.56
%
,
8/26/34
....
406
403
1611857.PS.FTS.B
,
16
.4
%
,
8/27/34
.....
210
212
874,402
Upgrade,
Inc.
23553668.UG.FTS.B
,
29
.69
%
,
10/15/24
..
1,103
1,125
23546722.UG.FTS.B
,
29
.69
%
,
10/22/24
..
1,660
1,697
23816823.UG.FTS.B
,
25
.82
%
,
10/24/24
..
1,287
1,311
23793303.UG.FTS.B
,
27
.74
%
,
11/05/24
..
6,339
6,606
24174311.UG.FTS.B
,
29
.69
%
,
11/05/24
..
22,146
17,498
24254995.UG.FTS.B
,
29
.69
%
,
11/14/24
..
9,444
10,032
24485661.UG.FTS.B
,
29
.69
%
,
11/18/24
..
8,409
8,885
24677388.UG.FTS.B
,
29
.69
%
,
12/06/24
..
4,129
4,343
24909623.UG.FTS.B
,
27
.74
%
,
12/08/24
..
21,013
16,982
24672526.UG.FTS.B
,
Zero
Cpn
,
12/11/24
.
8,465
652
25312483.UG.FTS.B
,
29
.69
%
,
12/18/24
..
5,375
5,688
24959142.UG.FTS.B
,
29
.69
%
,
12/20/24
..
10,629
9,526
25843226.UG.FTS.B
,
28
.99
%
,
1/07/25
...
3,769
3,884
24789598.UG.FTS.B
,
25
.26
%
,
11/27/27
..
103
103
88,332
Upgrade,
Inc.
-
Card
991297615.UG.FTS.B
,
29
.49
%
,
7/18/24
..
26
5
991167434.UG.FTS.B
,
29
.48
%
,
8/29/24
..
48
48
991216248.UG.FTS.B
,
19
.3
%
,
9/26/24
...
22
22
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991255753.UG.FTS.B
,
14
.47
%
,
10/12/24
.
$
17
$
17
991285666.UG.FTS.B
,
29
.49
%
,
10/17/24
.
6
6
991217199.UG.FTS.B
,
29
.49
%
,
10/21/24
.
16
16
991255614.UG.FTS.B
,
29
.49
%
,
10/21/24
.
17
3
991195046.UG.FTS.B
,
20
.46
%
,
10/24/24
.
10
10
991029860.UG.FTS.B
,
16
.99
%
,
11/08/24
.
165
165
991025022.UG.FTS.B
,
20
.46
%
,
11/08/24
.
41
42
991043299.UG.FTS.B
,
20
.46
%
,
11/08/24
.
155
27
991008862.UG.FTS.B
,
22
.97
%
,
11/08/24
.
114
115
991015963.UG.FTS.B
,
28
.98
%
,
11/08/24
.
36
36
991044464.UG.FTS.B
,
28
.98
%
,
11/08/24
.
5
5
991049421.UG.FTS.B
,
28
.98
%
,
11/08/24
.
6
6
991062658.UG.FTS.B
,
28
.98
%
,
11/08/24
.
94
95
991089676.UG.FTS.B
,
28
.98
%
,
11/08/24
.
335
334
991009200.UG.FTS.B
,
29
.49
%
,
11/08/24
.
52
53
991009403.UG.FTS.B
,
29
.49
%
,
11/08/24
.
5
1
991011019.UG.FTS.B
,
29
.49
%
,
11/08/24
.
17
18
991011039.UG.FTS.B
,
29
.49
%
,
11/08/24
.
301
308
991016135.UG.FTS.B
,
29
.49
%
,
11/08/24
.
43
43
991016360.UG.FTS.B
,
29
.49
%
,
11/08/24
.
70
71
991051891.UG.FTS.B
,
29
.49
%
,
11/08/24
.
101
102
991065536.UG.FTS.B
,
29
.49
%
,
11/08/24
.
27
27
991089599.UG.FTS.B
,
29
.49
%
,
11/08/24
.
338
341
991200927.UG.FTS.B
,
29
.49
%
,
11/08/24
.
52
53
991039862.UG.FTS.B
,
14
.98
%
,
11/09/24
.
172
172
991032070.UG.FTS.B
,
16
.99
%
,
11/09/24
.
65
25
991037178.UG.FTS.B
,
16
.99
%
,
11/09/24
.
103
104
991043832.UG.FTS.B
,
17
.99
%
,
11/09/24
.
8
8
991104757.UG.FTS.B
,
19
.21
%
,
11/09/24
.
58
58
991017861.UG.FTS.B
,
19
.8
%
,
11/09/24
..
19
20
991213119.UG.FTS.B
,
19
.99
%
,
11/09/24
.
21
21
991214327.UG.FTS.B
,
21
.98
%
,
11/09/24
.
42
42
991207204.UG.FTS.B
,
27
.99
%
,
11/09/24
.
18
18
991021150.UG.FTS.B
,
28
.98
%
,
11/09/24
.
54
55
991024150.UG.FTS.B
,
28
.98
%
,
11/09/24
.
93
94
991024317.UG.FTS.B
,
28
.98
%
,
11/09/24
.
21
21
991024437.UG.FTS.B
,
28
.98
%
,
11/09/24
.
107
108
991036639.UG.FTS.B
,
28
.98
%
,
11/09/24
.
84
84
991050918.UG.FTS.B
,
28
.98
%
,
11/09/24
.
122
125
991066590.UG.FTS.B
,
28
.98
%
,
11/09/24
.
102
103
991109146.UG.FTS.B
,
28
.98
%
,
11/09/24
.
114
115
991175878.UG.FTS.B
,
28
.98
%
,
11/09/24
.
13
13
991213946.UG.FTS.B
,
28
.98
%
,
11/09/24
.
23
24
991016307.UG.FTS.B
,
29
.49
%
,
11/09/24
.
59
60
991032461.UG.FTS.B
,
29
.49
%
,
11/09/24
.
35
35
991055838.UG.FTS.B
,
29
.49
%
,
11/09/24
.
3
3
991076041.UG.FTS.B
,
29
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,
11/09/24
.
96
7
991088136.UG.FTS.B
,
29
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%
,
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.
24
24
991139880.UG.FTS.B
,
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,
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.
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44
991171418.UG.FTS.B
,
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,
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.
32
33
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,
29
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%
,
11/09/24
.
53
53
991065102.UG.FTS.B
,
15
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%
,
11/10/24
.
83
83
991129317.UG.FTS.B
,
15
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%
,
11/10/24
.
550
552
991171941.UG.FTS.B
,
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%
,
11/10/24
.
729
114
991022677.UG.FTS.B
,
18
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%
,
11/10/24
.
125
125
991224324.UG.FTS.B
,
18
.97
%
,
11/10/24
.
122
122
991034507.UG.FTS.B
,
19
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%
,
11/10/24
..
937
946
991020976.UG.FTS.B
,
19
.99
%
,
11/10/24
.
82
83
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)
991234666.UG.FTS.B
,
20
.46
%
,
11/10/24
.
$
15
$
15
991072869.UG.FTS.B
,
21
.46
%
,
11/10/24
.
30
2
991216720.UG.FTS.B
,
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.46
%
,
11/10/24
.
2,161
950
991023237.UG.FTS.B
,
21
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%
,
11/10/24
.
92
–
991026806.UG.FTS.B
,
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%
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.
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17
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,
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6
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,
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31
32
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33
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.
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38
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,
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%
,
11/10/24
.
77
77
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,
28
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%
,
11/10/24
.
47
47
991103426.UG.FTS.B
,
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%
,
11/10/24
.
10
10
991130087.UG.FTS.B
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.
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39
991203709.UG.FTS.B
,
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,
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.
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2
991203855.UG.FTS.B
,
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,
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.
50
50
991023261.UG.FTS.B
,
29
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%
,
11/10/24
.
215
–
991030343.UG.FTS.B
,
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%
,
11/10/24
.
123
125
991056370.UG.FTS.B
,
29
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%
,
11/10/24
.
13
6
991100707.UG.FTS.B
,
29
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%
,
11/10/24
.
72
74
991160546.UG.FTS.B
,
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%
,
11/10/24
.
121
121
991042328.UG.FTS.B
,
14
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%
,
11/11/24
.
188
190
991080741.UG.FTS.B
,
15
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%
,
11/11/24
.
205
207
991225418.UG.FTS.B
,
16
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%
,
11/11/24
.
130
130
991033893.UG.FTS.B
,
17
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%
,
11/11/24
.
77
77
991033250.UG.FTS.B
,
17
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%
,
11/11/24
.
86
86
991079063.UG.FTS.B
,
17
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%
,
11/11/24
.
32
32
991099988.UG.FTS.B
,
17
.99
%
,
11/11/24
.
24
24
991104909.UG.FTS.B
,
18
.97
%
,
11/11/24
..
93
93
991148541.UG.FTS.B
,
18
.97
%
,
11/11/24
..
76
13
991031272.UG.FTS.B
,
19
.21
%
,
11/11/24
.
153
154
991069631.UG.FTS.B
,
19
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%
,
11/11/24
.
15
15
991095162.UG.FTS.B
,
19
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%
,
11/11/24
.
305
307
991030105.UG.FTS.B
,
19
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%
,
11/11/24
..
29
2
991135236.UG.FTS.B
,
19
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%
,
11/11/24
...
269
272
991182015.UG.FTS.B
,
19
.8
%
,
11/11/24
...
3
3
991030107.UG.FTS.B
,
19
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%
,
11/11/24
.
226
228
991030291.UG.FTS.B
,
19
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%
,
11/11/24
.
178
181
991035914.UG.FTS.B
,
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,
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.
62
63
991105048.UG.FTS.B
,
19
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,
11/11/24
..
26
26
991134848.UG.FTS.B
,
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,
11/11/24
..
119
21
991148839.UG.FTS.B
,
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,
11/11/24
..
136
138
991174012.UG.FTS.B
,
19
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,
11/11/24
..
58
59
991181923.UG.FTS.B
,
19
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%
,
11/11/24
..
159
161
991034527.UG.FTS.B
,
20
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%
,
11/11/24
.
284
288
991149259.UG.FTS.B
,
20
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,
11/11/24
..
355
138
991029731.UG.FTS.B
,
20
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,
11/11/24
.
378
383
991090708.UG.FTS.B
,
20
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11/11/24
.
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49
991166977.UG.FTS.B
,
20
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11/11/24
..
133
55
991139420.UG.FTS.B
,
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11/11/24
..
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17
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11/11/24
..
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43
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,
21
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,
11/11/24
.
137
138
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,
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%
,
11/11/24
.
64
65
991125236.UG.FTS.B
,
22
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%
,
11/11/24
..
82
82
991058286.UG.FTS.B
,
22
.95
%
,
11/11/24
.
191
193
991080911.UG.FTS.B
,
25
.95
%
,
11/11/24
..
87
89
991048527.UG.FTS.B
,
27
.99
%
,
11/11/24
.
110
113
991024878.UG.FTS.B
,
28
.98
%
,
11/11/24
.
94
96
991026090.UG.FTS.B
,
28
.98
%
,
11/11/24
.
22
23
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991032710.UG.FTS.B
,
28
.98
%
,
11/11/24
.
$
15
$
15
991033906.UG.FTS.B
,
28
.98
%
,
11/11/24
.
23
23
991034495.UG.FTS.B
,
28
.98
%
,
11/11/24
.
28
29
991036245.UG.FTS.B
,
28
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%
,
11/11/24
.
18
18
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,
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%
,
11/11/24
.
19
19
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,
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53
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11/11/24
.
28
29
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,
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11/11/24
.
33
33
991053400.UG.FTS.B
,
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,
11/11/24
.
373
67
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,
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,
11/11/24
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59
59
991062449.UG.FTS.B
,
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,
11/11/24
.
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28
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,
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,
11/11/24
.
40
41
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11/11/24
.
64
65
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,
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,
11/11/24
.
234
239
991080796.UG.FTS.B
,
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%
,
11/11/24
.
84
86
991085565.UG.FTS.B
,
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,
11/11/24
.
26
26
991087454.UG.FTS.B
,
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%
,
11/11/24
.
38
38
991120675.UG.FTS.B
,
28
.98
%
,
11/11/24
..
72
73
991132831.UG.FTS.B
,
28
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%
,
11/11/24
..
41
41
991144617.UG.FTS.B
,
28
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%
,
11/11/24
..
23
23
991149570.UG.FTS.B
,
28
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,
11/11/24
..
95
96
991151147.UG.FTS.B
,
28
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,
11/11/24
..
254
256
991167851.UG.FTS.B
,
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,
11/11/24
..
39
18
991171156.UG.FTS.B
,
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,
11/11/24
..
18
8
991182117.UG.FTS.B
,
28
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%
,
11/11/24
..
36
36
991197445.UG.FTS.B
,
28
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%
,
11/11/24
..
645
284
991214495.UG.FTS.B
,
28
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%
,
11/11/24
.
32
33
991024882.UG.FTS.B
,
29
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%
,
11/11/24
.
41
42
991026021.UG.FTS.B
,
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,
11/11/24
.
118
120
991026664.UG.FTS.B
,
29
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,
11/11/24
.
54
55
991029636.UG.FTS.B
,
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%
,
11/11/24
.
230
234
991030862.UG.FTS.B
,
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%
,
11/11/24
.
319
47
991039519.UG.FTS.B
,
29
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%
,
11/11/24
.
16
16
991039534.UG.FTS.B
,
29
.49
%
,
11/11/24
.
104
106
991044948.UG.FTS.B
,
29
.49
%
,
11/11/24
.
51
3
991046828.UG.FTS.B
,
29
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%
,
11/11/24
.
41
6
991048668.UG.FTS.B
,
29
.49
%
,
11/11/24
.
424
433
991051905.UG.FTS.B
,
29
.49
%
,
11/11/24
.
49
49
991057411.UG.FTS.B
,
29
.49
%
,
11/11/24
..
7
7
991062394.UG.FTS.B
,
29
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%
,
11/11/24
.
101
101
991062748.UG.FTS.B
,
29
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%
,
11/11/24
.
97
99
991063512.UG.FTS.B
,
29
.49
%
,
11/11/24
.
352
358
991069527.UG.FTS.B
,
29
.49
%
,
11/11/24
.
54
55
991074770.UG.FTS.B
,
29
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%
,
11/11/24
.
39
39
991079129.UG.FTS.B
,
29
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%
,
11/11/24
.
17
–
991081273.UG.FTS.B
,
29
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%
,
11/11/24
.
28
29
991086224.UG.FTS.B
,
29
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%
,
11/11/24
.
22
22
991087089.UG.FTS.B
,
29
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%
,
11/11/24
.
96
98
991089870.UG.FTS.B
,
29
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%
,
11/11/24
.
116
117
991092922.UG.FTS.B
,
29
.49
%
,
11/11/24
.
32
32
991097673.UG.FTS.B
,
29
.49
%
,
11/11/24
.
30
5
991102456.UG.FTS.B
,
29
.49
%
,
11/11/24
..
144
146
991105795.UG.FTS.B
,
29
.49
%
,
11/11/24
..
150
156
991113486.UG.FTS.B
,
29
.49
%
,
11/11/24
..
25
25
991113621.UG.FTS.B
,
29
.49
%
,
11/11/24
..
292
–
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)
991120196.UG.FTS.B
,
29
.49
%
,
11/11/24
..
$
30
$
31
991120336.UG.FTS.B
,
29
.49
%
,
11/11/24
..
98
38
991121030.UG.FTS.B
,
29
.49
%
,
11/11/24
..
102
–
991128140.UG.FTS.B
,
29
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%
,
11/11/24
..
29
30
991152299.UG.FTS.B
,
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%
,
11/11/24
..
28
28
991161751.UG.FTS.B
,
29
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%
,
11/11/24
..
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40
991191286.UG.FTS.B
,
29
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%
,
11/11/24
..
28
28
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,
29
.49
%
,
11/11/24
..
3
3
991197313.UG.FTS.B
,
29
.49
%
,
11/11/24
..
42
43
991042459.UG.FTS.B
,
14
%
,
11/12/24
....
1,324
1,331
991036968.UG.FTS.B
,
14
.97
%
,
11/12/24
.
704
707
991036334.UG.FTS.B
,
14
.98
%
,
11/12/24
.
25
25
991043719.UG.FTS.B
,
14
.98
%
,
11/12/24
.
143
143
991036209.UG.FTS.B
,
15
%
,
11/12/24
....
840
844
991049725.UG.FTS.B
,
15
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%
,
11/12/24
.
92
92
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,
15
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%
,
11/12/24
.
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,
15
.99
%
,
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.
737
742
991035103.UG.FTS.B
,
16
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%
,
11/12/24
.
134
135
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,
16
.99
%
,
11/12/24
.
348
1
991039148.UG.FTS.B
,
17
.97
%
,
11/12/24
.
1,820
741
991041313.UG.FTS.B
,
17
.97
%
,
11/12/24
.
166
166
991034794.UG.FTS.B
,
17
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%
,
11/12/24
.
39
39
991217835.UG.FTS.B
,
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%
,
11/12/24
.
138
139
991038677.UG.FTS.B
,
18
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%
,
11/12/24
.
967
973
991034560.UG.FTS.B
,
18
.97
%
,
11/12/24
.
43
43
991036429.UG.FTS.B
,
18
.97
%
,
11/12/24
.
94
95
991038296.UG.FTS.B
,
18
.97
%
,
11/12/24
.
44
44
991043248.UG.FTS.B
,
18
.97
%
,
11/12/24
.
31
31
991043614.UG.FTS.B
,
18
.97
%
,
11/12/24
.
116
117
991046047.UG.FTS.B
,
18
.97
%
,
11/12/24
.
66
67
991135510.UG.FTS.B
,
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%
,
11/12/24
.
85
85
991149515.UG.FTS.B
,
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%
,
11/12/24
.
40
40
991039912.UG.FTS.B
,
19
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%
,
11/12/24
.
45
46
991055412.UG.FTS.B
,
19
.21
%
,
11/12/24
.
435
438
991077162.UG.FTS.B
,
19
.21
%
,
11/12/24
.
74
74
991039753.UG.FTS.B
,
19
.8
%
,
11/12/24
..
103
104
991196590.UG.FTS.B
,
19
.8
%
,
11/12/24
..
43
43
991040953.UG.FTS.B
,
20
.46
%
,
11/12/24
.
182
183
991042127.UG.FTS.B
,
20
.46
%
,
11/12/24
.
272
274
991085590.UG.FTS.B
,
20
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%
,
11/12/24
.
138
139
991094480.UG.FTS.B
,
20
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%
,
11/12/24
.
57
58
991129109.UG.FTS.B
,
20
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%
,
11/12/24
.
65
65
991163006.UG.FTS.B
,
20
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%
,
11/12/24
.
119
8
991176027.UG.FTS.B
,
20
.46
%
,
11/12/24
.
8
8
991194498.UG.FTS.B
,
20
.46
%
,
11/12/24
.
3
3
991032939.UG.FTS.B
,
20
.97
%
,
11/12/24
.
114
62
991039115.UG.FTS.B
,
20
.97
%
,
11/12/24
.
278
280
991106317.UG.FTS.B
,
20
.97
%
,
11/12/24
.
92
93
991047526.UG.FTS.B
,
21
.46
%
,
11/12/24
.
130
131
991130390.UG.FTS.B
,
21
.46
%
,
11/12/24
.
18
18
991166904.UG.FTS.B
,
21
.46
%
,
11/12/24
.
3
3
991167965.UG.FTS.B
,
21
.46
%
,
11/12/24
.
285
288
991046804.UG.FTS.B
,
21
.98
%
,
11/12/24
.
185
186
991121938.UG.FTS.B
,
21
.98
%
,
11/12/24
.
61
61
991131569.UG.FTS.B
,
21
.98
%
,
11/12/24
.
6
6
991224208.UG.FTS.B
,
21
.98
%
,
11/12/24
.
49
50
991039683.UG.FTS.B
,
22
.95
%
,
11/12/24
.
11
11
991222051.UG.FTS.B
,
22
.97
%
,
11/12/24
.
44
44
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991103112.UG.FTS.B
,
25
.95
%
,
11/12/24
..
$
115
$
116
991149520.UG.FTS.B
,
25
.95
%
,
11/12/24
.
153
155
991183694.UG.FTS.B
,
25
.95
%
,
11/12/24
.
25
26
991039659.UG.FTS.B
,
26
.94
%
,
11/12/24
.
33
2
991059570.UG.FTS.B
,
26
.94
%
,
11/12/24
.
45
46
991054425.UG.FTS.B
,
18
.97
%
,
11/13/24
.
33
33
991092009.UG.FTS.B
,
18
.97
%
,
11/13/24
.
249
249
991119492.UG.FTS.B
,
18
.97
%
,
11/13/24
..
353
355
991053667.UG.FTS.B
,
19
.21
%
,
11/13/24
.
231
232
991148899.UG.FTS.B
,
19
.21
%
,
11/13/24
.
5
5
991051776.UG.FTS.B
,
19
.8
%
,
11/13/24
..
79
79
991070292.UG.FTS.B
,
19
.8
%
,
11/13/24
..
144
145
991239015.UG.FTS.B
,
19
.8
%
,
11/13/24
..
23
23
991059119.UG.FTS.B
,
21
.46
%
,
11/13/24
.
11
6
991094103.UG.FTS.B
,
21
.46
%
,
11/13/24
.
146
148
991043243.UG.FTS.B
,
21
.98
%
,
11/13/24
.
23
23
991078122.UG.FTS.B
,
21
.98
%
,
11/13/24
.
404
407
991084697.UG.FTS.B
,
22
.97
%
,
11/13/24
.
135
135
991120433.UG.FTS.B
,
25
.95
%
,
11/13/24
.
153
155
991176572.UG.FTS.B
,
25
.95
%
,
11/13/24
.
147
148
991047941.UG.FTS.B
,
18
.97
%
,
11/14/24
.
69
70
991060835.UG.FTS.B
,
18
.97
%
,
11/14/24
.
60
60
991064005.UG.FTS.B
,
18
.97
%
,
11/14/24
.
72
72
991058880.UG.FTS.B
,
19
.21
%
,
11/14/24
.
2
2
991065337.UG.FTS.B
,
19
.21
%
,
11/14/24
.
10
10
991230067.UG.FTS.B
,
19
.21
%
,
11/14/24
.
40
40
991186061.UG.FTS.B
,
19
.8
%
,
11/14/24
..
63
63
991177227.UG.FTS.B
,
20
.46
%
,
11/14/24
.
27
28
991068021.UG.FTS.B
,
20
.97
%
,
11/14/24
.
19
19
991075171.UG.FTS.B
,
20
.97
%
,
11/14/24
.
543
37
991133151.UG.FTS.B
,
20
.97
%
,
11/14/24
.
125
126
991084216.UG.FTS.B
,
21
.98
%
,
11/14/24
.
166
167
991184091.UG.FTS.B
,
22
.97
%
,
11/14/24
.
76
77
991224639.UG.FTS.B
,
22
.97
%
,
11/14/24
.
62
62
991062678.UG.FTS.B
,
18
.97
%
,
11/15/24
.
22
22
991146941.UG.FTS.B
,
18
.97
%
,
11/15/24
.
25
25
991226714.UG.FTS.B
,
18
.97
%
,
11/15/24
.
131
131
991062012.UG.FTS.B
,
19
.21
%
,
11/15/24
.
20
20
991116196.UG.FTS.B
,
19
.21
%
,
11/15/24
..
174
175
991159422.UG.FTS.B
,
19
.21
%
,
11/15/24
.
24
24
991060645.UG.FTS.B
,
19
.8
%
,
11/15/24
..
60
61
991067501.UG.FTS.B
,
20
.46
%
,
11/15/24
.
35
35
991121275.UG.FTS.B
,
20
.46
%
,
11/15/24
.
863
870
991060260.UG.FTS.B
,
20
.97
%
,
11/15/24
.
210
211
991058892.UG.FTS.B
,
21
.46
%
,
11/15/24
.
194
196
991092471.UG.FTS.B
,
21
.46
%
,
11/15/24
.
44
44
991099369.UG.FTS.B
,
21
.46
%
,
11/15/24
.
43
43
991177667.UG.FTS.B
,
21
.46
%
,
11/15/24
.
29
29
991218740.UG.FTS.B
,
21
.46
%
,
11/15/24
.
34
35
991082558.UG.FTS.B
,
21
.98
%
,
11/15/24
.
56
56
991112513.UG.FTS.B
,
22
.97
%
,
11/15/24
..
86
87
991218382.UG.FTS.B
,
22
.97
%
,
11/15/24
.
42
42
991118927.UG.FTS.B
,
23
.95
%
,
11/15/24
..
53
54
991136525.UG.FTS.B
,
29
.49
%
,
11/15/24
.
1
1
991165568.UG.FTS.B
,
19
.8
%
,
11/16/24
..
33
33
991060668.UG.FTS.B
,
19
.99
%
,
11/16/24
.
49
50
991077083.UG.FTS.B
,
19
.99
%
,
11/16/24
.
28
29
991075585.UG.FTS.B
,
22
.97
%
,
11/16/24
.
76
76
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)
991061800.UG.FTS.B
,
28
.98
%
,
11/16/24
.
$
25
$
26
991093834.UG.FTS.B
,
28
.98
%
,
11/16/24
.
57
57
991112308.UG.FTS.B
,
28
.98
%
,
11/16/24
..
30
31
991130100.UG.FTS.B
,
28
.98
%
,
11/16/24
.
138
138
991132906.UG.FTS.B
,
28
.98
%
,
11/16/24
.
34
34
991183042.UG.FTS.B
,
28
.98
%
,
11/16/24
.
75
33
991061934.UG.FTS.B
,
29
.49
%
,
11/16/24
.
134
136
991137323.UG.FTS.B
,
29
.49
%
,
11/16/24
.
173
173
991175491.UG.FTS.B
,
29
.49
%
,
11/16/24
.
10
10
991182164.UG.FTS.B
,
29
.49
%
,
11/16/24
.
56
57
991213983.UG.FTS.B
,
29
.49
%
,
11/16/24
.
42
42
991245774.UG.FTS.B
,
29
.49
%
,
11/16/24
.
80
81
991076389.UG.FTS.B
,
19
.21
%
,
11/17/24
.
83
83
991183019.UG.FTS.B
,
19
.8
%
,
11/17/24
..
605
609
991065873.UG.FTS.B
,
19
.99
%
,
11/17/24
.
18
18
991275120.UG.FTS.B
,
19
.99
%
,
11/17/24
.
28
28
991102607.UG.FTS.B
,
21
.98
%
,
11/17/24
.
253
256
991090075.UG.FTS.B
,
22
.95
%
,
11/17/24
.
26
27
991079431.UG.FTS.B
,
25
.95
%
,
11/17/24
.
24
24
991065007.UG.FTS.B
,
27
.99
%
,
11/17/24
.
23
23
991070550.UG.FTS.B
,
28
.98
%
,
11/17/24
.
120
122
991082307.UG.FTS.B
,
28
.98
%
,
11/17/24
.
23
23
991086365.UG.FTS.B
,
28
.98
%
,
11/17/24
.
10
2
991104333.UG.FTS.B
,
28
.98
%
,
11/17/24
.
145
147
991120282.UG.FTS.B
,
28
.98
%
,
11/17/24
.
115
17
991138661.UG.FTS.B
,
28
.98
%
,
11/17/24
.
41
41
991147163.UG.FTS.B
,
28
.98
%
,
11/17/24
.
9
9
991161863.UG.FTS.B
,
28
.98
%
,
11/17/24
.
8
8
991222252.UG.FTS.B
,
28
.98
%
,
11/17/24
.
4
4
991265366.UG.FTS.B
,
28
.98
%
,
11/17/24
.
1
1
991064180.UG.FTS.B
,
29
.49
%
,
11/17/24
.
89
90
991064475.UG.FTS.B
,
29
.49
%
,
11/17/24
.
111
20
991064822.UG.FTS.B
,
29
.49
%
,
11/17/24
.
31
31
991064865.UG.FTS.B
,
29
.49
%
,
11/17/24
.
36
37
991070165.UG.FTS.B
,
29
.49
%
,
11/17/24
.
58
59
991076785.UG.FTS.B
,
29
.49
%
,
11/17/24
.
125
–
991081268.UG.FTS.B
,
29
.49
%
,
11/17/24
.
28
28
991083068.UG.FTS.B
,
29
.49
%
,
11/17/24
.
50
50
991090724.UG.FTS.B
,
29
.49
%
,
11/17/24
.
304
305
991097714.UG.FTS.B
,
29
.49
%
,
11/17/24
.
38
38
991125316.UG.FTS.B
,
29
.49
%
,
11/17/24
.
295
301
991155141.UG.FTS.B
,
29
.49
%
,
11/17/24
.
55
56
991275005.UG.FTS.B
,
29
.49
%
,
11/17/24
.
121
123
991076070.UG.FTS.B
,
19
.21
%
,
11/18/24
.
101
101
991231361.UG.FTS.B
,
19
.8
%
,
11/18/24
..
25
25
991068853.UG.FTS.B
,
19
.99
%
,
11/18/24
.
16
16
991099861.UG.FTS.B
,
20
.97
%
,
11/18/24
.
53
54
991105387.UG.FTS.B
,
20
.97
%
,
11/18/24
.
255
–
991187853.UG.FTS.B
,
20
.97
%
,
11/18/24
.
33
33
991076711.UG.FTS.B
,
21
.46
%
,
11/18/24
.
117
118
991148797.UG.FTS.B
,
21
.46
%
,
11/18/24
.
134
136
991134666.UG.FTS.B
,
21
.98
%
,
11/18/24
.
180
182
991173310.UG.FTS.B
,
22
.97
%
,
11/18/24
.
7
7
991070331.UG.FTS.B
,
28
.98
%
,
11/18/24
.
11
11
991071737.UG.FTS.B
,
28
.98
%
,
11/18/24
.
184
–
991085878.UG.FTS.B
,
28
.98
%
,
11/18/24
.
97
7
991097338.UG.FTS.B
,
28
.98
%
,
11/18/24
.
11
11
991115818.UG.FTS.B
,
28
.98
%
,
11/18/24
..
13
13
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991117034.UG.FTS.B
,
28
.98
%
,
11/18/24
..
$
114
$
116
991138076.UG.FTS.B
,
28
.98
%
,
11/18/24
.
74
75
991233679.UG.FTS.B
,
28
.98
%
,
11/18/24
.
82
84
991256863.UG.FTS.B
,
28
.98
%
,
11/18/24
.
28
28
991259091.UG.FTS.B
,
28
.98
%
,
11/18/24
.
69
69
991070037.UG.FTS.B
,
29
.49
%
,
11/18/24
.
12
12
991079864.UG.FTS.B
,
29
.49
%
,
11/18/24
.
32
32
991083550.UG.FTS.B
,
29
.49
%
,
11/18/24
.
108
110
991086378.UG.FTS.B
,
29
.49
%
,
11/18/24
.
36
36
991099356.UG.FTS.B
,
29
.49
%
,
11/18/24
.
3
3
991112167.UG.FTS.B
,
29
.49
%
,
11/18/24
..
17
17
991123315.UG.FTS.B
,
29
.49
%
,
11/18/24
.
51
52
991123768.UG.FTS.B
,
29
.49
%
,
11/18/24
.
27
27
991136853.UG.FTS.B
,
29
.49
%
,
11/18/24
.
13
13
991149128.UG.FTS.B
,
29
.49
%
,
11/18/24
.
84
84
991236920.UG.FTS.B
,
29
.49
%
,
11/18/24
.
36
37
991250623.UG.FTS.B
,
29
.49
%
,
11/18/24
.
31
31
991253050.UG.FTS.B
,
29
.49
%
,
11/18/24
.
85
87
991261895.UG.FTS.B
,
29
.49
%
,
11/18/24
.
17
17
991273989.UG.FTS.B
,
29
.49
%
,
11/18/24
.
86
87
991286648.UG.FTS.B
,
29
.49
%
,
11/18/24
.
34
34
991126405.UG.FTS.B
,
18
.97
%
,
11/19/24
.
92
92
991224732.UG.FTS.B
,
18
.97
%
,
11/19/24
.
274
276
991088805.UG.FTS.B
,
19
.21
%
,
11/19/24
.
97
6
991081336.UG.FTS.B
,
19
.8
%
,
11/19/24
..
61
62
991098979.UG.FTS.B
,
19
.8
%
,
11/19/24
..
107
108
991130913.UG.FTS.B
,
19
.8
%
,
11/19/24
..
108
108
991266414.UG.FTS.B
,
19
.8
%
,
11/19/24
..
77
77
991081249.UG.FTS.B
,
19
.99
%
,
11/19/24
.
24
24
991087313.UG.FTS.B
,
19
.99
%
,
11/19/24
.
356
362
991126671.UG.FTS.B
,
19
.99
%
,
11/19/24
.
36
–
991132221.UG.FTS.B
,
19
.99
%
,
11/19/24
.
228
231
991141300.UG.FTS.B
,
19
.99
%
,
11/19/24
.
62
63
991188678.UG.FTS.B
,
19
.99
%
,
11/19/24
.
69
70
991085469.UG.FTS.B
,
20
.46
%
,
11/19/24
.
628
634
991087156.UG.FTS.B
,
20
.97
%
,
11/19/24
.
248
250
991183459.UG.FTS.B
,
20
.97
%
,
11/19/24
.
145
146
991078051.UG.FTS.B
,
21
.98
%
,
11/19/24
.
63
64
991129402.UG.FTS.B
,
21
.98
%
,
11/19/24
.
100
101
991079026.UG.FTS.B
,
22
.97
%
,
11/19/24
.
190
192
991236066.UG.FTS.B
,
22
.97
%
,
11/19/24
.
33
33
991078717.UG.FTS.B
,
28
.98
%
,
11/19/24
.
400
405
991079074.UG.FTS.B
,
28
.98
%
,
11/19/24
.
108
110
991080093.UG.FTS.B
,
28
.98
%
,
11/19/24
.
23
23
991082502.UG.FTS.B
,
28
.98
%
,
11/19/24
.
57
58
991087646.UG.FTS.B
,
28
.98
%
,
11/19/24
.
26
26
991089448.UG.FTS.B
,
28
.98
%
,
11/19/24
.
82
83
991093210.UG.FTS.B
,
28
.98
%
,
11/19/24
.
32
33
991097893.UG.FTS.B
,
28
.98
%
,
11/19/24
.
62
62
991100106.UG.FTS.B
,
28
.98
%
,
11/19/24
.
2
2
991101044.UG.FTS.B
,
28
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%
,
11/19/24
.
51
51
991102831.UG.FTS.B
,
28
.98
%
,
11/19/24
.
79
80
991103262.UG.FTS.B
,
28
.98
%
,
11/19/24
.
66
66
991103415.UG.FTS.B
,
28
.98
%
,
11/19/24
.
6
6
991103976.UG.FTS.B
,
28
.98
%
,
11/19/24
.
151
153
991104468.UG.FTS.B
,
28
.98
%
,
11/19/24
.
701
706
991107342.UG.FTS.B
,
28
.98
%
,
11/19/24
.
1
1
991107864.UG.FTS.B
,
28
.98
%
,
11/19/24
.
36
37
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)
991108896.UG.FTS.B
,
28
.98
%
,
11/19/24
.
$
105
$
7
991110570.UG.FTS.B
,
28
.98
%
,
11/19/24
..
25
25
991113372.UG.FTS.B
,
28
.98
%
,
11/19/24
..
80
82
991114496.UG.FTS.B
,
28
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%
,
11/19/24
..
26
26
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,
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%
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..
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71
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,
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,
11/19/24
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72
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,
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63
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165
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,
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.
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.
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,
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.
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.
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,
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93
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,
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72
991148491.UG.FTS.B
,
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%
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11/19/24
.
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991150543.UG.FTS.B
,
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%
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11/19/24
.
84
86
991160191.UG.FTS.B
,
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%
,
11/19/24
.
38
3
991164721.UG.FTS.B
,
28
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%
,
11/19/24
.
13
14
991166387.UG.FTS.B
,
28
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%
,
11/19/24
.
14
14
991180832.UG.FTS.B
,
28
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%
,
11/19/24
.
21
21
991181040.UG.FTS.B
,
28
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%
,
11/19/24
.
382
28
991183616.UG.FTS.B
,
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%
,
11/19/24
.
125
126
991196539.UG.FTS.B
,
28
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%
,
11/19/24
.
9
1
991200084.UG.FTS.B
,
28
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%
,
11/19/24
.
25
25
991212005.UG.FTS.B
,
28
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%
,
11/19/24
.
6
6
991218732.UG.FTS.B
,
28
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%
,
11/19/24
.
30
30
991224492.UG.FTS.B
,
28
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%
,
11/19/24
.
236
239
991260584.UG.FTS.B
,
28
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%
,
11/19/24
.
188
191
991264197.UG.FTS.B
,
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%
,
11/19/24
.
13
13
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,
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%
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11/19/24
.
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59
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,
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.
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32
991285040.UG.FTS.B
,
28
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%
,
11/19/24
.
24
24
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,
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%
,
11/19/24
.
65
66
991291090.UG.FTS.B
,
28
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%
,
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.
31
31
991079459.UG.FTS.B
,
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%
,
11/19/24
.
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,
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.
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991083975.UG.FTS.B
,
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%
,
11/19/24
.
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31
991088510.UG.FTS.B
,
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%
,
11/19/24
.
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55
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,
29
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%
,
11/19/24
.
16
17
991096428.UG.FTS.B
,
29
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%
,
11/19/24
.
67
68
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,
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%
,
11/19/24
.
192
196
991100113.UG.FTS.B
,
29
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,
11/19/24
..
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30
991103770.UG.FTS.B
,
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,
11/19/24
.
28
29
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,
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%
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11/19/24
.
87
88
991104178.UG.FTS.B
,
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11/19/24
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356
991104280.UG.FTS.B
,
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.
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60
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,
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%
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11/19/24
.
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137
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,
11/19/24
.
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44
991109457.UG.FTS.B
,
29
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%
,
11/19/24
.
67
68
991110529.UG.FTS.B
,
29
.49
%
,
11/19/24
..
91
7
991111418.UG.FTS.B
,
29
.49
%
,
11/19/24
..
122
123
991114314.UG.FTS.B
,
29
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%
,
11/19/24
..
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83
991114749.UG.FTS.B
,
29
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%
,
11/19/24
..
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83
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,
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%
,
11/19/24
.
189
193
991130441.UG.FTS.B
,
29
.49
%
,
11/19/24
.
57
1
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991133364.UG.FTS.B
,
29
.49
%
,
11/19/24
.
$
5
$
5
991138434.UG.FTS.B
,
29
.49
%
,
11/19/24
.
53
54
991139198.UG.FTS.B
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29
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%
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11/19/24
.
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84
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,
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11/19/24
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121
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11/19/24
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66
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.
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34
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11/19/24
..
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11/19/24
.
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58
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11/19/24
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11/19/24
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.
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.
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45
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.
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16
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,
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104
991242783.UG.FTS.B
,
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.
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80
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11/19/24
.
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37
991261749.UG.FTS.B
,
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,
11/19/24
.
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33
991267836.UG.FTS.B
,
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11/19/24
.
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,
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11/19/24
.
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72
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.
14
14
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11/19/24
.
160
163
991086006.UG.FTS.B
,
18
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%
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11/20/24
.
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138
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%
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11/20/24
.
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55
991212667.UG.FTS.B
,
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%
,
11/20/24
.
88
88
991204096.UG.FTS.B
,
19
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%
,
11/20/24
..
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43
991204791.UG.FTS.B
,
19
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%
,
11/20/24
..
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26
991267411.UG.FTS.B
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%
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11/20/24
..
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,
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%
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11/20/24
.
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%
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11/20/24
.
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12
991108487.UG.FTS.B
,
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%
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11/20/24
.
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82
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,
19
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%
,
11/20/24
..
23
23
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,
19
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%
,
11/20/24
.
71
71
991175975.UG.FTS.B
,
19
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%
,
11/20/24
.
38
39
991181647.UG.FTS.B
,
19
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%
,
11/20/24
.
31
–
991188505.UG.FTS.B
,
19
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%
,
11/20/24
.
44
45
991237192.UG.FTS.B
,
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%
,
11/20/24
.
114
115
991263955.UG.FTS.B
,
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.
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4
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127
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.
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20
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%
,
11/20/24
..
79
80
991102814.UG.FTS.B
,
20
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%
,
11/20/24
.
63
9
991112817.UG.FTS.B
,
20
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%
,
11/20/24
..
900
138
991125492.UG.FTS.B
,
20
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%
,
11/20/24
.
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,
20
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%
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11/20/24
.
21
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,
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,
11/20/24
.
3
3
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11
11
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,
20
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%
,
11/20/24
.
746
752
991085535.UG.FTS.B
,
21
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%
,
11/20/24
.
28
28
991133819.UG.FTS.B
,
21
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%
,
11/20/24
.
24
25
991215411.UG.FTS.B
,
21
.46
%
,
11/20/24
.
80
80
991151893.UG.FTS.B
,
23
.95
%
,
11/20/24
.
237
240
991089655.UG.FTS.B
,
25
.94
%
,
11/20/24
.
34
34
991128669.UG.FTS.B
,
26
.94
%
,
11/20/24
.
21
21
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)
991099607.UG.FTS.B
,
28
.98
%
,
11/20/24
.
$
90
$
92
991100214.UG.FTS.B
,
28
.98
%
,
11/20/24
.
35
36
991107307.UG.FTS.B
,
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.98
%
,
11/20/24
.
27
27
991122709.UG.FTS.B
,
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%
,
11/20/24
.
32
32
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,
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%
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.
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%
,
11/20/24
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,
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.
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,
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.
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,
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,
11/20/24
.
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76
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,
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%
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11/20/24
.
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55
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%
,
11/20/24
.
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382
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,
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%
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11/20/24
.
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,
28
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%
,
11/20/24
.
43
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,
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.
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%
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11/20/24
.
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11/20/24
.
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%
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.
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,
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11/20/24
.
15
15
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,
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%
,
11/20/24
.
104
104
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,
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%
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11/20/24
.
18
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,
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%
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11/20/24
.
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.
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%
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11/20/24
.
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,
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%
,
11/20/24
.
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94
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,
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%
,
11/20/24
.
75
76
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,
29
.49
%
,
11/20/24
.
17
17
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,
29
.49
%
,
11/20/24
.
65
–
991110253.UG.FTS.B
,
29
.49
%
,
11/20/24
..
34
34
991110617.UG.FTS.B
,
29
.49
%
,
11/20/24
..
62
63
991112071.UG.FTS.B
,
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,
11/20/24
..
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,
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,
11/20/24
..
32
33
991117048.UG.FTS.B
,
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%
,
11/20/24
..
29
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991117581.UG.FTS.B
,
29
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%
,
11/20/24
..
102
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991125322.UG.FTS.B
,
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%
,
11/20/24
.
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51
991133485.UG.FTS.B
,
29
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%
,
11/20/24
.
28
28
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,
29
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%
,
11/20/24
.
191
194
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,
29
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%
,
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.
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,
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.
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,
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11/20/24
.
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,
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,
11/20/24
.
87
88
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,
29
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%
,
11/20/24
.
95
98
991216973.UG.FTS.B
,
29
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%
,
11/20/24
.
111
113
991233863.UG.FTS.B
,
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,
11/20/24
.
426
434
991247212.UG.FTS.B
,
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,
11/20/24
.
59
60
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,
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,
11/20/24
.
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2
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,
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%
,
11/20/24
.
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,
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,
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.
87
6
991267709.UG.FTS.B
,
29
.49
%
,
11/20/24
.
45
45
991219638.UG.FTS.B
,
6
%
,
11/21/24
.....
15
15
991093963.UG.FTS.B
,
18
.97
%
,
11/21/24
.
193
195
991101910.UG.FTS.B
,
19
.99
%
,
11/21/24
.
212
214
991110283.UG.FTS.B
,
19
.99
%
,
11/21/24
..
48
49
991129682.UG.FTS.B
,
19
.99
%
,
11/21/24
.
77
78
991170878.UG.FTS.B
,
19
.99
%
,
11/21/24
.
2
2
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991091686.UG.FTS.B
,
20
.97
%
,
11/21/24
.
$
34
$
34
991109801.UG.FTS.B
,
21
.46
%
,
11/21/24
.
114
115
991206543.UG.FTS.B
,
21
.97
%
,
11/21/24
.
1,015
1,028
991109825.UG.FTS.B
,
21
.98
%
,
11/21/24
.
55
55
991114413.UG.FTS.B
,
21
.98
%
,
11/21/24
..
75
76
991207630.UG.FTS.B
,
21
.98
%
,
11/21/24
.
79
80
991104066.UG.FTS.B
,
23
.95
%
,
11/21/24
.
76
77
991091300.UG.FTS.B
,
26
.94
%
,
11/21/24
.
17
17
991128509.UG.FTS.B
,
27
.99
%
,
11/21/24
.
46
47
991101503.UG.FTS.B
,
28
.98
%
,
11/21/24
.
216
219
991103359.UG.FTS.B
,
28
.98
%
,
11/21/24
.
195
198
991103505.UG.FTS.B
,
28
.98
%
,
11/21/24
.
85
87
991106632.UG.FTS.B
,
28
.98
%
,
11/21/24
.
68
68
991107547.UG.FTS.B
,
28
.98
%
,
11/21/24
.
53
54
991107910.UG.FTS.B
,
28
.98
%
,
11/21/24
.
22
5
991112083.UG.FTS.B
,
28
.98
%
,
11/21/24
..
815
55
991112673.UG.FTS.B
,
28
.98
%
,
11/21/24
..
22
22
991122560.UG.FTS.B
,
28
.98
%
,
11/21/24
.
44
45
991123355.UG.FTS.B
,
28
.98
%
,
11/21/24
.
12
12
991129275.UG.FTS.B
,
28
.98
%
,
11/21/24
.
170
171
991133989.UG.FTS.B
,
28
.98
%
,
11/21/24
.
5
5
991140811.UG.FTS.B
,
28
.98
%
,
11/21/24
..
10
10
991157081.UG.FTS.B
,
28
.98
%
,
11/21/24
.
4
4
991169889.UG.FTS.B
,
28
.98
%
,
11/21/24
.
104
106
991171491.UG.FTS.B
,
28
.98
%
,
11/21/24
.
12
12
991174647.UG.FTS.B
,
28
.98
%
,
11/21/24
.
78
79
991178506.UG.FTS.B
,
28
.98
%
,
11/21/24
.
60
61
991181062.UG.FTS.B
,
28
.98
%
,
11/21/24
.
230
233
991185383.UG.FTS.B
,
28
.98
%
,
11/21/24
.
131
133
991194541.UG.FTS.B
,
28
.98
%
,
11/21/24
.
30
31
991204271.UG.FTS.B
,
28
.98
%
,
11/21/24
.
30
31
991205445.UG.FTS.B
,
28
.98
%
,
11/21/24
.
86
87
991212789.UG.FTS.B
,
28
.98
%
,
11/21/24
.
25
25
991218149.UG.FTS.B
,
28
.98
%
,
11/21/24
.
317
322
991223136.UG.FTS.B
,
28
.98
%
,
11/21/24
.
200
14
991225496.UG.FTS.B
,
28
.98
%
,
11/21/24
.
5
5
991243049.UG.FTS.B
,
28
.98
%
,
11/21/24
.
22
22
991257871.UG.FTS.B
,
28
.98
%
,
11/21/24
.
30
31
991263992.UG.FTS.B
,
28
.98
%
,
11/21/24
.
54
55
991264140.UG.FTS.B
,
28
.98
%
,
11/21/24
.
155
157
991297865.UG.FTS.B
,
28
.98
%
,
11/21/24
.
44
44
991098822.UG.FTS.B
,
29
.49
%
,
11/21/24
.
50
51
991099891.UG.FTS.B
,
29
.49
%
,
11/21/24
.
53
53
991100418.UG.FTS.B
,
29
.49
%
,
11/21/24
.
83
84
991104423.UG.FTS.B
,
29
.49
%
,
11/21/24
.
176
25
991107906.UG.FTS.B
,
29
.49
%
,
11/21/24
.
293
298
991108326.UG.FTS.B
,
29
.49
%
,
11/21/24
.
7
7
991112882.UG.FTS.B
,
29
.49
%
,
11/21/24
..
162
165
991123851.UG.FTS.B
,
29
.49
%
,
11/21/24
.
90
92
991124929.UG.FTS.B
,
29
.49
%
,
11/21/24
.
8
8
991125417.UG.FTS.B
,
29
.49
%
,
11/21/24
.
41
3
991130355.UG.FTS.B
,
29
.49
%
,
11/21/24
.
119
120
991131801.UG.FTS.B
,
29
.49
%
,
11/21/24
.
21
21
991132792.UG.FTS.B
,
29
.49
%
,
11/21/24
.
32
33
991138608.UG.FTS.B
,
29
.49
%
,
11/21/24
.
4
4
991139966.UG.FTS.B
,
29
.49
%
,
11/21/24
.
16
16
991155328.UG.FTS.B
,
29
.49
%
,
11/21/24
.
46
47
991157022.UG.FTS.B
,
29
.49
%
,
11/21/24
.
157
160
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)
991157333.UG.FTS.B
,
29
.49
%
,
11/21/24
.
$
21
$
–
991179856.UG.FTS.B
,
29
.49
%
,
11/21/24
.
9
9
991187695.UG.FTS.B
,
29
.49
%
,
11/21/24
.
28
29
991197725.UG.FTS.B
,
29
.49
%
,
11/21/24
.
408
418
991243146.UG.FTS.B
,
29
.49
%
,
11/21/24
.
312
317
991248040.UG.FTS.B
,
29
.49
%
,
11/21/24
.
63
64
991257574.UG.FTS.B
,
29
.49
%
,
11/21/24
.
1
1
991259033.UG.FTS.B
,
29
.49
%
,
11/21/24
.
66
67
991263744.UG.FTS.B
,
29
.49
%
,
11/21/24
.
69
70
991269668.UG.FTS.B
,
29
.49
%
,
11/21/24
.
68
10
991273052.UG.FTS.B
,
29
.49
%
,
11/21/24
.
20
20
991275188.UG.FTS.B
,
29
.49
%
,
11/21/24
.
79
80
991114211.UG.FTS.B
,
18
.97
%
,
11/22/24
..
65
66
991122742.UG.FTS.B
,
18
.97
%
,
11/22/24
.
34
34
991154003.UG.FTS.B
,
18
.97
%
,
11/22/24
.
323
5
991118023.UG.FTS.B
,
19
.21
%
,
11/22/24
..
18
18
991119286.UG.FTS.B
,
19
.21
%
,
11/22/24
..
94
95
991199042.UG.FTS.B
,
19
.21
%
,
11/22/24
.
121
122
991103401.UG.FTS.B
,
19
.99
%
,
11/22/24
.
92
94
991121665.UG.FTS.B
,
19
.99
%
,
11/22/24
.
21
21
991132324.UG.FTS.B
,
19
.99
%
,
11/22/24
.
16
16
991213596.UG.FTS.B
,
20
.46
%
,
11/22/24
.
544
549
991264755.UG.FTS.B
,
20
.46
%
,
11/22/24
.
30
30
991112744.UG.FTS.B
,
21
.46
%
,
11/22/24
..
583
41
991118422.UG.FTS.B
,
21
.46
%
,
11/22/24
..
363
367
991131049.UG.FTS.B
,
21
.46
%
,
11/22/24
.
39
40
991291326.UG.FTS.B
,
21
.46
%
,
11/22/24
.
3
3
991099821.UG.FTS.B
,
21
.98
%
,
11/22/24
.
40
40
991104265.UG.FTS.B
,
27
.99
%
,
11/22/24
.
927
949
991115779.UG.FTS.B
,
27
.99
%
,
11/22/24
..
362
368
991102964.UG.FTS.B
,
28
.98
%
,
11/22/24
.
31
31
991103009.UG.FTS.B
,
28
.98
%
,
11/22/24
.
53
54
991104196.UG.FTS.B
,
28
.98
%
,
11/22/24
.
61
62
991105023.UG.FTS.B
,
28
.98
%
,
11/22/24
.
721
734
991105794.UG.FTS.B
,
28
.98
%
,
11/22/24
.
309
314
991106035.UG.FTS.B
,
28
.98
%
,
11/22/24
.
31
32
991107556.UG.FTS.B
,
28
.98
%
,
11/22/24
.
165
165
991107575.UG.FTS.B
,
28
.98
%
,
11/22/24
.
36
36
991107921.UG.FTS.B
,
28
.98
%
,
11/22/24
.
87
87
991110618.UG.FTS.B
,
28
.98
%
,
11/22/24
..
7
7
991116602.UG.FTS.B
,
28
.98
%
,
11/22/24
..
89
90
991116973.UG.FTS.B
,
28
.98
%
,
11/22/24
..
64
65
991122119.UG.FTS.B
,
28
.98
%
,
11/22/24
..
19
19
991123827.UG.FTS.B
,
28
.98
%
,
11/22/24
.
168
170
991127224.UG.FTS.B
,
28
.98
%
,
11/22/24
.
158
160
991127588.UG.FTS.B
,
28
.98
%
,
11/22/24
.
27
27
991131367.UG.FTS.B
,
28
.98
%
,
11/22/24
.
87
88
991131812.UG.FTS.B
,
28
.98
%
,
11/22/24
.
57
8
991137246.UG.FTS.B
,
28
.98
%
,
11/22/24
.
119
120
991143933.UG.FTS.B
,
28
.98
%
,
11/22/24
.
82
83
991149451.UG.FTS.B
,
28
.98
%
,
11/22/24
.
269
19
991153364.UG.FTS.B
,
28
.98
%
,
11/22/24
.
49
50
991156074.UG.FTS.B
,
28
.98
%
,
11/22/24
.
21
21
991156523.UG.FTS.B
,
28
.98
%
,
11/22/24
.
20
20
991159179.UG.FTS.B
,
28
.98
%
,
11/22/24
.
86
88
991161581.UG.FTS.B
,
28
.98
%
,
11/22/24
.
78
79
991163227.UG.FTS.B
,
28
.98
%
,
11/22/24
.
90
91
991163764.UG.FTS.B
,
28
.98
%
,
11/22/24
.
29
30
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991169488.UG.FTS.B
,
28
.98
%
,
11/22/24
.
$
55
$
56
991173036.UG.FTS.B
,
28
.98
%
,
11/22/24
.
19
19
991173716.UG.FTS.B
,
28
.98
%
,
11/22/24
.
160
162
991180530.UG.FTS.B
,
28
.98
%
,
11/22/24
.
50
51
991184097.UG.FTS.B
,
28
.98
%
,
11/22/24
.
57
58
991184113.UG.FTS.B
,
28
.98
%
,
11/22/24
..
282
284
991195764.UG.FTS.B
,
28
.98
%
,
11/22/24
.
22
22
991197771.UG.FTS.B
,
28
.98
%
,
11/22/24
.
36
37
991204158.UG.FTS.B
,
28
.98
%
,
11/22/24
.
6
6
991223597.UG.FTS.B
,
28
.98
%
,
11/22/24
.
42
42
991224526.UG.FTS.B
,
28
.98
%
,
11/22/24
.
47
48
991228922.UG.FTS.B
,
28
.98
%
,
11/22/24
.
30
31
991234896.UG.FTS.B
,
28
.98
%
,
11/22/24
.
106
108
991255263.UG.FTS.B
,
28
.98
%
,
11/22/24
.
26
26
991299270.UG.FTS.B
,
28
.98
%
,
11/22/24
.
157
159
991304220.UG.FTS.B
,
28
.98
%
,
11/22/24
.
25
25
991304298.UG.FTS.B
,
28
.98
%
,
11/22/24
.
115
117
991307686.UG.FTS.B
,
28
.98
%
,
11/22/24
.
3
3
991100054.UG.FTS.B
,
29
.49
%
,
11/22/24
.
68
68
991100376.UG.FTS.B
,
29
.49
%
,
11/22/24
.
27
28
991101821.UG.FTS.B
,
29
.49
%
,
11/22/24
.
25
25
991102587.UG.FTS.B
,
29
.49
%
,
11/22/24
.
72
73
991102823.UG.FTS.B
,
29
.49
%
,
11/22/24
.
32
33
991103865.UG.FTS.B
,
29
.49
%
,
11/22/24
.
19
19
991104396.UG.FTS.B
,
29
.49
%
,
11/22/24
.
26
26
991105680.UG.FTS.B
,
29
.49
%
,
11/22/24
.
18
18
991107152.UG.FTS.B
,
29
.49
%
,
11/22/24
.
14
14
991107154.UG.FTS.B
,
29
.49
%
,
11/22/24
.
67
68
991107318.UG.FTS.B
,
29
.49
%
,
11/22/24
.
43
43
991108800.UG.FTS.B
,
29
.49
%
,
11/22/24
.
44
44
991109990.UG.FTS.B
,
29
.49
%
,
11/22/24
.
86
88
991112073.UG.FTS.B
,
29
.49
%
,
11/22/24
..
50
51
991112758.UG.FTS.B
,
29
.49
%
,
11/22/24
..
58
58
991113516.UG.FTS.B
,
29
.49
%
,
11/22/24
..
37
38
991115007.UG.FTS.B
,
29
.49
%
,
11/22/24
..
77
79
991116896.UG.FTS.B
,
29
.49
%
,
11/22/24
..
45
46
991119993.UG.FTS.B
,
29
.49
%
,
11/22/24
..
47
48
991124015.UG.FTS.B
,
29
.49
%
,
11/22/24
.
69
70
991124721.UG.FTS.B
,
29
.49
%
,
11/22/24
.
32
33
991132446.UG.FTS.B
,
29
.49
%
,
11/22/24
.
20
21
991138174.UG.FTS.B
,
29
.49
%
,
11/22/24
.
45
46
991141918.UG.FTS.B
,
29
.49
%
,
11/22/24
.
203
206
991144588.UG.FTS.B
,
29
.49
%
,
11/22/24
.
60
61
991149855.UG.FTS.B
,
29
.49
%
,
11/22/24
.
166
29
991153231.UG.FTS.B
,
29
.49
%
,
11/22/24
.
52
4
991155708.UG.FTS.B
,
29
.49
%
,
11/22/24
.
92
93
991168948.UG.FTS.B
,
29
.49
%
,
11/22/24
.
160
163
991173886.UG.FTS.B
,
29
.49
%
,
11/22/24
.
35
35
991176814.UG.FTS.B
,
29
.49
%
,
11/22/24
.
568
38
991182736.UG.FTS.B
,
29
.49
%
,
11/22/24
.
26
27
991219101.UG.FTS.B
,
29
.49
%
,
11/22/24
.
24
25
991223979.UG.FTS.B
,
29
.49
%
,
11/22/24
.
9
9
991255887.UG.FTS.B
,
29
.49
%
,
11/22/24
.
40
41
991267717.UG.FTS.B
,
29
.49
%
,
11/22/24
.
157
159
991278795.UG.FTS.B
,
29
.49
%
,
11/22/24
.
28
28
991281845.UG.FTS.B
,
29
.49
%
,
11/22/24
.
20
20
991288087.UG.FTS.B
,
29
.49
%
,
11/22/24
.
22
22
991290240.UG.FTS.B
,
29
.49
%
,
11/22/24
.
56
5
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)
991293465.UG.FTS.B
,
29
.49
%
,
11/22/24
.
$
77
$
79
991302610.UG.FTS.B
,
29
.49
%
,
11/22/24
.
106
108
991196638.UG.FTS.B
,
14
.98
%
,
11/23/24
.
135
135
991229244.UG.FTS.B
,
18
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%
,
11/23/24
.
149
149
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,
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%
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.
49
49
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,
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%
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11/23/24
.
3
3
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,
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%
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11/23/24
.
24
24
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,
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%
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11/23/24
.
372
381
991126600.UG.FTS.B
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,
11/23/24
.
498
77
991126654.UG.FTS.B
,
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%
,
11/23/24
.
48
49
991132671.UG.FTS.B
,
19
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%
,
11/23/24
.
26
27
991133827.UG.FTS.B
,
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%
,
11/23/24
.
16
16
991147270.UG.FTS.B
,
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.
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1
991167674.UG.FTS.B
,
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11/23/24
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113
7
991229310.UG.FTS.B
,
19
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%
,
11/23/24
.
83
7
991244136.UG.FTS.B
,
19
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%
,
11/23/24
.
88
88
991262811.UG.FTS.B
,
19
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%
,
11/23/24
.
19
19
991296137.UG.FTS.B
,
19
.99
%
,
11/23/24
.
40
40
991300760.UG.FTS.B
,
19
.99
%
,
11/23/24
.
40
40
991184027.UG.FTS.B
,
20
.97
%
,
11/23/24
.
43
44
991113758.UG.FTS.B
,
21
.46
%
,
11/23/24
..
24
25
991125579.UG.FTS.B
,
21
.46
%
,
11/23/24
.
139
141
991148866.UG.FTS.B
,
21
.46
%
,
11/23/24
.
730
739
991155217.UG.FTS.B
,
21
.46
%
,
11/23/24
.
42
42
991106966.UG.FTS.B
,
21
.98
%
,
11/23/24
.
151
153
991191830.UG.FTS.B
,
22
.95
%
,
11/23/24
.
75
75
991121850.UG.FTS.B
,
26
.94
%
,
11/23/24
.
47
47
991147765.UG.FTS.B
,
27
.95
%
,
11/23/24
.
15
15
991109616.UG.FTS.B
,
27
.99
%
,
11/23/24
.
131
134
991105483.UG.FTS.B
,
28
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%
,
11/23/24
.
142
144
991105842.UG.FTS.B
,
28
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%
,
11/23/24
.
55
55
991106233.UG.FTS.B
,
28
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%
,
11/23/24
.
20
21
991108227.UG.FTS.B
,
28
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%
,
11/23/24
.
72
73
991108887.UG.FTS.B
,
28
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%
,
11/23/24
.
26
26
991110526.UG.FTS.B
,
28
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%
,
11/23/24
..
43
43
991110924.UG.FTS.B
,
28
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%
,
11/23/24
..
26
26
991115378.UG.FTS.B
,
28
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%
,
11/23/24
..
28
28
991117626.UG.FTS.B
,
28
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%
,
11/23/24
..
602
613
991121613.UG.FTS.B
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%
,
11/23/24
.
44
45
991131479.UG.FTS.B
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.
110
111
991132894.UG.FTS.B
,
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.
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16
991139844.UG.FTS.B
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11/23/24
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39
991147458.UG.FTS.B
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%
,
11/23/24
.
185
13
991148591.UG.FTS.B
,
28
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%
,
11/23/24
.
35
35
991158618.UG.FTS.B
,
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,
11/23/24
.
43
44
991169414.UG.FTS.B
,
28
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,
11/23/24
.
28
28
991178866.UG.FTS.B
,
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,
11/23/24
.
74
75
991181974.UG.FTS.B
,
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,
11/23/24
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370
–
991187003.UG.FTS.B
,
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,
11/23/24
.
172
174
991187197.UG.FTS.B
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11/23/24
.
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28
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11/23/24
.
75
76
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,
28
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%
,
11/23/24
.
25
25
991238195.UG.FTS.B
,
28
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%
,
11/23/24
.
1
1
991239647.UG.FTS.B
,
28
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%
,
11/23/24
.
22
23
991239983.UG.FTS.B
,
28
.98
%
,
11/23/24
.
79
15
991240082.UG.FTS.B
,
28
.98
%
,
11/23/24
.
240
244
991245554.UG.FTS.B
,
28
.98
%
,
11/23/24
.
126
127
991263923.UG.FTS.B
,
28
.98
%
,
11/23/24
.
18
19
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991264563.UG.FTS.B
,
28
.98
%
,
11/23/24
.
$
96
$
97
991271407.UG.FTS.B
,
28
.98
%
,
11/23/24
.
28
29
991282136.UG.FTS.B
,
28
.98
%
,
11/23/24
.
129
130
991299505.UG.FTS.B
,
28
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%
,
11/23/24
.
140
142
991105648.UG.FTS.B
,
29
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%
,
11/23/24
.
18
19
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,
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,
11/23/24
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125
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11/23/24
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22
22
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,
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,
11/23/24
.
31
31
991110089.UG.FTS.B
,
29
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%
,
11/23/24
..
43
44
991111371.UG.FTS.B
,
29
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%
,
11/23/24
..
184
13
991112160.UG.FTS.B
,
29
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%
,
11/23/24
..
67
67
991112242.UG.FTS.B
,
29
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%
,
11/23/24
..
172
176
991113220.UG.FTS.B
,
29
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,
11/23/24
..
13
13
991113469.UG.FTS.B
,
29
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%
,
11/23/24
..
32
33
991116572.UG.FTS.B
,
29
.49
%
,
11/23/24
..
24
24
991117538.UG.FTS.B
,
29
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%
,
11/23/24
..
75
76
991124838.UG.FTS.B
,
29
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%
,
11/23/24
.
1
1
991125428.UG.FTS.B
,
29
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%
,
11/23/24
.
13
13
991136186.UG.FTS.B
,
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%
,
11/23/24
.
604
40
991141906.UG.FTS.B
,
29
.49
%
,
11/23/24
.
84
86
991145858.UG.FTS.B
,
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%
,
11/23/24
.
81
82
991146628.UG.FTS.B
,
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%
,
11/23/24
.
26
26
991151065.UG.FTS.B
,
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%
,
11/23/24
.
94
96
991165122.UG.FTS.B
,
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%
,
11/23/24
.
368
371
991171535.UG.FTS.B
,
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%
,
11/23/24
.
46
47
991175162.UG.FTS.B
,
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%
,
11/23/24
.
65
66
991208929.UG.FTS.B
,
29
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%
,
11/23/24
.
29
29
991211494.UG.FTS.B
,
29
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%
,
11/23/24
.
141
144
991230430.UG.FTS.B
,
29
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%
,
11/23/24
.
34
34
991244025.UG.FTS.B
,
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%
,
11/23/24
.
27
28
991267903.UG.FTS.B
,
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%
,
11/23/24
.
46
47
991270894.UG.FTS.B
,
29
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%
,
11/23/24
.
24
25
991280169.UG.FTS.B
,
29
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%
,
11/23/24
.
67
68
991280901.UG.FTS.B
,
29
.49
%
,
11/23/24
.
110
111
991115361.UG.FTS.B
,
19
.21
%
,
11/24/24
..
111
112
991111330.UG.FTS.B
,
19
.8
%
,
11/24/24
...
153
154
991130672.UG.FTS.B
,
19
.99
%
,
11/24/24
.
32
3
991132353.UG.FTS.B
,
19
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%
,
11/24/24
.
468
43
991169645.UG.FTS.B
,
19
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%
,
11/24/24
.
145
12
991241069.UG.FTS.B
,
19
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%
,
11/24/24
.
279
20
991266535.UG.FTS.B
,
19
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%
,
11/24/24
.
80
81
991323110.UG.FTS.B
,
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%
,
11/24/24
.
121
123
991112640.UG.FTS.B
,
21
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%
,
11/24/24
..
76
76
991147177.UG.FTS.B
,
21
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%
,
11/24/24
.
19
1
991179536.UG.FTS.B
,
21
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%
,
11/24/24
.
16
16
991331734.UG.FTS.B
,
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%
,
11/24/24
.
393
61
991185001.UG.FTS.B
,
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%
,
11/24/24
.
77
77
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,
28
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%
,
11/24/24
..
68
69
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,
28
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%
,
11/24/24
..
11
11
991115106.UG.FTS.B
,
28
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%
,
11/24/24
..
21
21
991115731.UG.FTS.B
,
28
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%
,
11/24/24
..
107
108
991116765.UG.FTS.B
,
28
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%
,
11/24/24
..
31
31
991132332.UG.FTS.B
,
28
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%
,
11/24/24
.
605
90
991133108.UG.FTS.B
,
28
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%
,
11/24/24
.
33
33
991136873.UG.FTS.B
,
28
.98
%
,
11/24/24
.
15
16
991141492.UG.FTS.B
,
28
.98
%
,
11/24/24
.
190
28
991146950.UG.FTS.B
,
28
.98
%
,
11/24/24
.
63
64
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)
991159323.UG.FTS.B
,
28
.98
%
,
11/24/24
.
$
67
$
68
991165417.UG.FTS.B
,
28
.98
%
,
11/24/24
.
105
107
991193965.UG.FTS.B
,
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%
,
11/24/24
.
30
30
991205194.UG.FTS.B
,
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%
,
11/24/24
.
102
104
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,
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%
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.
215
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,
11/24/24
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,
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,
11/24/24
.
29
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,
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%
,
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.
101
103
991281993.UG.FTS.B
,
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,
11/24/24
.
60
60
991306063.UG.FTS.B
,
28
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%
,
11/24/24
.
63
64
991320497.UG.FTS.B
,
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%
,
11/24/24
.
31
32
991321225.UG.FTS.B
,
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%
,
11/24/24
.
78
80
991118786.UG.FTS.B
,
29
.46
%
,
11/24/24
..
306
313
991115666.UG.FTS.B
,
29
.49
%
,
11/24/24
..
94
95
991117158.UG.FTS.B
,
29
.49
%
,
11/24/24
..
137
19
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,
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%
,
11/24/24
..
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,
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,
11/24/24
.
175
176
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,
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%
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11/24/24
.
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%
,
11/24/24
.
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5
991132841.UG.FTS.B
,
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,
11/24/24
.
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53
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,
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11/24/24
.
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75
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,
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11/24/24
.
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.
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11/24/24
.
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,
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%
,
11/24/24
.
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47
991141971.UG.FTS.B
,
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%
,
11/24/24
.
334
340
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,
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.49
%
,
11/24/24
.
35
36
991143703.UG.FTS.B
,
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%
,
11/24/24
.
110
111
991156213.UG.FTS.B
,
29
.49
%
,
11/24/24
.
51
52
991163344.UG.FTS.B
,
29
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%
,
11/24/24
.
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72
991164259.UG.FTS.B
,
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,
11/24/24
.
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991168963.UG.FTS.B
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,
11/24/24
.
305
313
991176160.UG.FTS.B
,
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,
11/24/24
.
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82
991181375.UG.FTS.B
,
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%
,
11/24/24
.
14
14
991187559.UG.FTS.B
,
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%
,
11/24/24
.
2
2
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,
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%
,
11/24/24
.
45
46
991214440.UG.FTS.B
,
29
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%
,
11/24/24
.
74
–
991222437.UG.FTS.B
,
29
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%
,
11/24/24
.
71
73
991235136.UG.FTS.B
,
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,
11/24/24
.
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,
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,
11/24/24
.
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43
991270507.UG.FTS.B
,
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,
11/24/24
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369
375
991279385.UG.FTS.B
,
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11/24/24
.
14
14
991323531.UG.FTS.B
,
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%
,
11/24/24
.
192
196
991114903.UG.FTS.B
,
16
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%
,
11/25/24
..
1,129
1,132
991143730.UG.FTS.B
,
16
.99
%
,
11/25/24
.
6
6
991117535.UG.FTS.B
,
18
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%
,
11/25/24
..
33
33
991306855.UG.FTS.B
,
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%
,
11/25/24
.
19
20
991313299.UG.FTS.B
,
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%
,
11/25/24
.
83
84
991172772.UG.FTS.B
,
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%
,
11/25/24
.
28
28
991135355.UG.FTS.B
,
19
.8
%
,
11/25/24
..
97
98
991270419.UG.FTS.B
,
19
.8
%
,
11/25/24
..
37
38
991122293.UG.FTS.B
,
19
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%
,
11/25/24
.
45
46
991131747.UG.FTS.B
,
19
.99
%
,
11/25/24
.
31
31
991140060.UG.FTS.B
,
19
.99
%
,
11/25/24
.
37
37
991163175.UG.FTS.B
,
19
.99
%
,
11/25/24
.
78
80
991215203.UG.FTS.B
,
19
.99
%
,
11/25/24
.
28
29
991224252.UG.FTS.B
,
19
.99
%
,
11/25/24
.
32
32
991236723.UG.FTS.B
,
19
.99
%
,
11/25/24
.
14
14
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991267063.UG.FTS.B
,
19
.99
%
,
11/25/24
.
$
26
$
26
991119847.UG.FTS.B
,
20
.46
%
,
11/25/24
..
25
25
991264715.UG.FTS.B
,
20
.46
%
,
11/25/24
.
19
19
991121647.UG.FTS.B
,
21
.46
%
,
11/25/24
.
244
248
991142513.UG.FTS.B
,
21
.46
%
,
11/25/24
.
125
126
991164983.UG.FTS.B
,
21
.46
%
,
11/25/24
.
57
57
991261427.UG.FTS.B
,
22
.97
%
,
11/25/24
.
17
3
991175860.UG.FTS.B
,
23
.95
%
,
11/25/24
.
46
46
991277527.UG.FTS.B
,
23
.95
%
,
11/25/24
.
5
5
991189173.UG.FTS.B
,
26
.94
%
,
11/25/24
.
85
87
991127467.UG.FTS.B
,
27
.95
%
,
11/25/24
.
745
122
991118441.UG.FTS.B
,
28
.98
%
,
11/25/24
..
32
33
991122683.UG.FTS.B
,
28
.98
%
,
11/25/24
.
93
95
991124698.UG.FTS.B
,
28
.98
%
,
11/25/24
.
179
184
991125540.UG.FTS.B
,
28
.98
%
,
11/25/24
.
31
31
991125944.UG.FTS.B
,
28
.98
%
,
11/25/24
.
23
23
991129030.UG.FTS.B
,
28
.98
%
,
11/25/24
.
99
101
991133589.UG.FTS.B
,
28
.98
%
,
11/25/24
.
22
22
991147206.UG.FTS.B
,
28
.98
%
,
11/25/24
.
54
55
991149439.UG.FTS.B
,
28
.98
%
,
11/25/24
.
129
131
991150565.UG.FTS.B
,
28
.98
%
,
11/25/24
.
4
4
991161711.UG.FTS.B
,
28
.98
%
,
11/25/24
..
125
129
991162242.UG.FTS.B
,
28
.98
%
,
11/25/24
.
67
68
991165048.UG.FTS.B
,
28
.98
%
,
11/25/24
.
15
15
991190392.UG.FTS.B
,
28
.98
%
,
11/25/24
.
61
62
991192050.UG.FTS.B
,
28
.98
%
,
11/25/24
.
58
60
991271427.UG.FTS.B
,
28
.98
%
,
11/25/24
.
40
40
991298998.UG.FTS.B
,
28
.98
%
,
11/25/24
.
79
80
991300522.UG.FTS.B
,
28
.98
%
,
11/25/24
.
92
94
991315551.UG.FTS.B
,
28
.98
%
,
11/25/24
.
46
46
991321544.UG.FTS.B
,
28
.98
%
,
11/25/24
.
170
174
991116837.UG.FTS.B
,
29
.49
%
,
11/25/24
..
104
105
991117085.UG.FTS.B
,
29
.49
%
,
11/25/24
..
155
157
991117532.UG.FTS.B
,
29
.49
%
,
11/25/24
..
53
54
991117679.UG.FTS.B
,
29
.49
%
,
11/25/24
..
64
65
991118346.UG.FTS.B
,
29
.49
%
,
11/25/24
..
504
513
991121686.UG.FTS.B
,
29
.49
%
,
11/25/24
.
116
118
991122800.UG.FTS.B
,
29
.49
%
,
11/25/24
.
292
297
991124925.UG.FTS.B
,
29
.49
%
,
11/25/24
.
62
64
991125662.UG.FTS.B
,
29
.49
%
,
11/25/24
.
78
81
991131758.UG.FTS.B
,
29
.49
%
,
11/25/24
.
36
37
991134480.UG.FTS.B
,
29
.49
%
,
11/25/24
.
70
11
991158315.UG.FTS.B
,
29
.49
%
,
11/25/24
.
45
47
991160063.UG.FTS.B
,
29
.49
%
,
11/25/24
.
85
87
991163261.UG.FTS.B
,
29
.49
%
,
11/25/24
.
78
80
991164308.UG.FTS.B
,
29
.49
%
,
11/25/24
.
27
28
991166873.UG.FTS.B
,
29
.49
%
,
11/25/24
.
22
23
991170031.UG.FTS.B
,
29
.49
%
,
11/25/24
.
48
49
991173770.UG.FTS.B
,
29
.49
%
,
11/25/24
.
20
21
991191585.UG.FTS.B
,
29
.49
%
,
11/25/24
.
40
40
991193559.UG.FTS.B
,
29
.49
%
,
11/25/24
.
63
64
991194512.UG.FTS.B
,
29
.49
%
,
11/25/24
.
33
34
991196856.UG.FTS.B
,
29
.49
%
,
11/25/24
.
104
107
991197724.UG.FTS.B
,
29
.49
%
,
11/25/24
.
69
72
991200416.UG.FTS.B
,
29
.49
%
,
11/25/24
.
84
8
991200661.UG.FTS.B
,
29
.49
%
,
11/25/24
.
195
203
991206631.UG.FTS.B
,
29
.49
%
,
11/25/24
.
14
14
991206760.UG.FTS.B
,
29
.49
%
,
11/25/24
.
19
20
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)
991226122.UG.FTS.B
,
29
.49
%
,
11/25/24
.
$
50
$
52
991230132.UG.FTS.B
,
29
.49
%
,
11/25/24
.
206
211
991233017.UG.FTS.B
,
29
.49
%
,
11/25/24
.
48
49
991244179.UG.FTS.B
,
29
.49
%
,
11/25/24
.
1
1
991252608.UG.FTS.B
,
29
.49
%
,
11/25/24
.
61
1
991263083.UG.FTS.B
,
29
.49
%
,
11/25/24
.
50
3
991283279.UG.FTS.B
,
29
.49
%
,
11/25/24
.
66
68
991288985.UG.FTS.B
,
29
.49
%
,
11/25/24
.
10
10
991321816.UG.FTS.B
,
29
.49
%
,
11/25/24
.
118
121
991321882.UG.FTS.B
,
29
.49
%
,
11/25/24
.
94
96
991238481.UG.FTS.B
,
15
%
,
11/26/24
....
23
24
991151613.UG.FTS.B
,
15
.97
%
,
11/26/24
.
41
42
991207377.UG.FTS.B
,
16
.99
%
,
11/26/24
.
120
120
991221696.UG.FTS.B
,
16
.99
%
,
11/26/24
.
97
97
991132812.UG.FTS.B
,
18
.97
%
,
11/26/24
.
341
344
991123371.UG.FTS.B
,
19
.21
%
,
11/26/24
.
17
17
991170972.UG.FTS.B
,
19
.21
%
,
11/26/24
.
10
10
991190181.UG.FTS.B
,
19
.8
%
,
11/26/24
..
39
40
991232410.UG.FTS.B
,
19
.8
%
,
11/26/24
..
248
251
991146497.UG.FTS.B
,
19
.99
%
,
11/26/24
.
5
5
991135690.UG.FTS.B
,
20
.46
%
,
11/26/24
.
37
37
991197495.UG.FTS.B
,
20
.97
%
,
11/26/24
.
3
1
991254536.UG.FTS.B
,
20
.97
%
,
11/26/24
.
99
100
991147747.UG.FTS.B
,
21
.46
%
,
11/26/24
.
122
123
991205269.UG.FTS.B
,
21
.46
%
,
11/26/24
.
36
36
991217520.UG.FTS.B
,
21
.46
%
,
11/26/24
.
173
175
991134541.UG.FTS.B
,
21
.98
%
,
11/26/24
.
478
485
991183089.UG.FTS.B
,
21
.98
%
,
11/26/24
.
23
23
991199081.UG.FTS.B
,
22
.97
%
,
11/26/24
.
3
3
991314717.UG.FTS.B
,
22
.97
%
,
11/26/24
.
37
38
991172299.UG.FTS.B
,
26
.94
%
,
11/26/24
.
78
78
991147362.UG.FTS.B
,
28
.98
%
,
11/26/24
.
33
34
991179397.UG.FTS.B
,
29
.49
%
,
11/26/24
.
2
2
991194474.UG.FTS.B
,
14
.98
%
,
11/27/24
.
144
145
991197902.UG.FTS.B
,
15
.97
%
,
11/27/24
.
1,165
1,174
991269633.UG.FTS.B
,
15
.97
%
,
11/27/24
.
744
748
991213989.UG.FTS.B
,
16
.99
%
,
11/27/24
.
128
129
991346650.UG.FTS.B
,
16
.99
%
,
11/27/24
.
1,491
103
991135757.UG.FTS.B
,
17
.99
%
,
11/27/24
.
349
352
991164583.UG.FTS.B
,
17
.99
%
,
11/27/24
.
46
46
991165876.UG.FTS.B
,
17
.99
%
,
11/27/24
.
293
294
991167230.UG.FTS.B
,
17
.99
%
,
11/27/24
.
206
208
991229636.UG.FTS.B
,
17
.99
%
,
11/27/24
.
32
32
991330539.UG.FTS.B
,
18
.97
%
,
11/27/24
.
36
36
991133969.UG.FTS.B
,
19
.21
%
,
11/27/24
.
414
418
991140136.UG.FTS.B
,
19
.21
%
,
11/27/24
.
154
29
991154356.UG.FTS.B
,
19
.21
%
,
11/27/24
.
56
57
991221997.UG.FTS.B
,
19
.8
%
,
11/27/24
..
97
98
991223353.UG.FTS.B
,
19
.8
%
,
11/27/24
..
60
61
991133653.UG.FTS.B
,
19
.99
%
,
11/27/24
.
200
203
991210617.UG.FTS.B
,
21
.98
%
,
11/27/24
.
9
–
991139768.UG.FTS.B
,
22
.97
%
,
11/27/24
.
368
372
991151923.UG.FTS.B
,
22
.97
%
,
11/27/24
.
92
94
991157209.UG.FTS.B
,
22
.97
%
,
11/27/24
.
86
87
991342840.UG.FTS.B
,
23
.95
%
,
11/27/24
.
78
79
991145320.UG.FTS.B
,
25
.94
%
,
11/27/24
.
64
10
991133623.UG.FTS.B
,
28
.98
%
,
11/27/24
.
65
65
991136113.UG.FTS.B
,
28
.98
%
,
11/27/24
..
6
6
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991141680.UG.FTS.B
,
28
.98
%
,
11/27/24
.
$
218
$
219
991145237.UG.FTS.B
,
28
.98
%
,
11/27/24
.
44
44
991146536.UG.FTS.B
,
28
.98
%
,
11/27/24
.
379
385
991157851.UG.FTS.B
,
28
.98
%
,
11/27/24
.
60
61
991136166.UG.FTS.B
,
29
.49
%
,
11/27/24
.
194
197
991139221.UG.FTS.B
,
29
.49
%
,
11/27/24
.
219
222
991140086.UG.FTS.B
,
29
.49
%
,
11/27/24
.
108
110
991141537.UG.FTS.B
,
29
.49
%
,
11/27/24
.
47
47
991141591.UG.FTS.B
,
29
.49
%
,
11/27/24
.
1,269
222
991147761.UG.FTS.B
,
29
.49
%
,
11/27/24
.
30
31
991149782.UG.FTS.B
,
29
.49
%
,
11/27/24
.
157
–
991154506.UG.FTS.B
,
29
.49
%
,
11/27/24
.
7
7
991148717.UG.FTS.B
,
14
.98
%
,
11/28/24
.
18
18
991195096.UG.FTS.B
,
15
.97
%
,
11/28/24
.
35
35
991144663.UG.FTS.B
,
16
.99
%
,
11/28/24
.
89
14
991149169.UG.FTS.B
,
16
.99
%
,
11/28/24
.
134
135
991213840.UG.FTS.B
,
16
.99
%
,
11/28/24
.
60
4
991345796.UG.FTS.B
,
16
.99
%
,
11/28/24
.
198
200
991217642.UG.FTS.B
,
17
.99
%
,
11/28/24
.
24
24
991195592.UG.FTS.B
,
18
.97
%
,
11/28/24
.
60
10
991196672.UG.FTS.B
,
18
.97
%
,
11/28/24
.
231
233
991217180.UG.FTS.B
,
18
.97
%
,
11/28/24
.
145
146
991331498.UG.FTS.B
,
18
.97
%
,
11/28/24
.
131
132
991188168.UG.FTS.B
,
19
.21
%
,
11/28/24
.
46
47
991274860.UG.FTS.B
,
19
.21
%
,
11/28/24
.
64
64
991293437.UG.FTS.B
,
19
.21
%
,
11/28/24
.
45
45
991151832.UG.FTS.B
,
19
.8
%
,
11/28/24
..
39
40
991222744.UG.FTS.B
,
19
.8
%
,
11/28/24
..
35
35
991252549.UG.FTS.B
,
19
.8
%
,
11/28/24
..
195
197
991258450.UG.FTS.B
,
19
.8
%
,
11/28/24
..
67
68
991355941.UG.FTS.B
,
19
.8
%
,
11/28/24
..
209
211
991145907.UG.FTS.B
,
19
.99
%
,
11/28/24
.
127
129
991159150.UG.FTS.B
,
19
.99
%
,
11/28/24
.
15
15
991146514.UG.FTS.B
,
20
.97
%
,
11/28/24
.
32
6
991190759.UG.FTS.B
,
20
.97
%
,
11/28/24
.
95
14
991153356.UG.FTS.B
,
21
.97
%
,
11/28/24
.
55
56
991270842.UG.FTS.B
,
22
.97
%
,
11/28/24
.
39
40
991216089.UG.FTS.B
,
26
.94
%
,
11/28/24
.
75
15
991146472.UG.FTS.B
,
27
.99
%
,
11/28/24
.
158
162
991142817.UG.FTS.B
,
28
.98
%
,
11/28/24
.
2
2
991142924.UG.FTS.B
,
28
.98
%
,
11/28/24
.
27
27
991158343.UG.FTS.B
,
28
.98
%
,
11/28/24
.
284
288
991158370.UG.FTS.B
,
28
.98
%
,
11/28/24
.
5
5
991163899.UG.FTS.B
,
28
.98
%
,
11/28/24
.
18
19
991204352.UG.FTS.B
,
28
.98
%
,
11/28/24
.
3
3
991143196.UG.FTS.B
,
29
.49
%
,
11/28/24
.
58
60
991143321.UG.FTS.B
,
29
.49
%
,
11/28/24
.
47
48
991144250.UG.FTS.B
,
29
.49
%
,
11/28/24
.
44
45
991146041.UG.FTS.B
,
29
.49
%
,
11/28/24
.
78
80
991146864.UG.FTS.B
,
29
.49
%
,
11/28/24
.
24
25
991146991.UG.FTS.B
,
29
.49
%
,
11/28/24
.
5
5
991151597.UG.FTS.B
,
29
.49
%
,
11/28/24
.
47
47
991152923.UG.FTS.B
,
29
.49
%
,
11/28/24
.
113
115
991154246.UG.FTS.B
,
29
.49
%
,
11/28/24
.
7
7
991182908.UG.FTS.B
,
15
.97
%
,
11/29/24
.
47
47
991201692.UG.FTS.B
,
16
.99
%
,
11/29/24
.
27
28
991217625.UG.FTS.B
,
16
.99
%
,
11/29/24
.
207
209
991246744.UG.FTS.B
,
17
.99
%
,
11/29/24
.
13
13
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)
991217075.UG.FTS.B
,
18
.8
%
,
11/29/24
..
$
8
$
8
991258245.UG.FTS.B
,
18
.97
%
,
11/29/24
.
46
8
991177776.UG.FTS.B
,
19
.21
%
,
11/29/24
.
225
227
991190438.UG.FTS.B
,
19
.21
%
,
11/29/24
.
346
350
991217431.UG.FTS.B
,
19
.8
%
,
11/29/24
..
29
29
991155273.UG.FTS.B
,
19
.99
%
,
11/29/24
.
53
54
991161380.UG.FTS.B
,
19
.99
%
,
11/29/24
.
834
848
991179894.UG.FTS.B
,
19
.99
%
,
11/29/24
.
81
82
991185891.UG.FTS.B
,
19
.99
%
,
11/29/24
.
313
319
991178388.UG.FTS.B
,
20
.46
%
,
11/29/24
.
38
39
991150621.UG.FTS.B
,
20
.97
%
,
11/29/24
.
33
33
991163927.UG.FTS.B
,
20
.97
%
,
11/29/24
.
1
1
991276814.UG.FTS.B
,
21
.46
%
,
11/29/24
.
5
5
991211732.UG.FTS.B
,
21
.98
%
,
11/29/24
.
4
4
991230066.UG.FTS.B
,
21
.98
%
,
11/29/24
.
26
26
991149684.UG.FTS.B
,
28
.98
%
,
11/29/24
.
25
26
991149945.UG.FTS.B
,
28
.98
%
,
11/29/24
.
230
234
991151364.UG.FTS.B
,
28
.98
%
,
11/29/24
.
73
74
991152201.UG.FTS.B
,
28
.98
%
,
11/29/24
.
115
116
991157592.UG.FTS.B
,
28
.98
%
,
11/29/24
.
48
49
991157704.UG.FTS.B
,
28
.98
%
,
11/29/24
.
133
135
991158118.UG.FTS.B
,
28
.98
%
,
11/29/24
..
33
34
991162272.UG.FTS.B
,
28
.98
%
,
11/29/24
.
130
132
991165881.UG.FTS.B
,
28
.98
%
,
11/29/24
.
39
39
991202283.UG.FTS.B
,
28
.98
%
,
11/29/24
.
63
64
991203049.UG.FTS.B
,
28
.98
%
,
11/29/24
.
177
180
991250633.UG.FTS.B
,
28
.98
%
,
11/29/24
.
4
4
991367704.UG.FTS.B
,
28
.98
%
,
11/29/24
.
137
139
991150696.UG.FTS.B
,
29
.49
%
,
11/29/24
.
15
15
991151085.UG.FTS.B
,
29
.49
%
,
11/29/24
.
250
17
991151981.UG.FTS.B
,
29
.49
%
,
11/29/24
.
33
33
991153994.UG.FTS.B
,
29
.49
%
,
11/29/24
.
168
171
991158334.UG.FTS.B
,
29
.49
%
,
11/29/24
.
160
164
991159782.UG.FTS.B
,
29
.49
%
,
11/29/24
.
27
27
991164378.UG.FTS.B
,
29
.49
%
,
11/29/24
.
35
35
991171572.UG.FTS.B
,
29
.49
%
,
11/29/24
.
16
16
991178434.UG.FTS.B
,
29
.49
%
,
11/29/24
.
9
9
991178591.UG.FTS.B
,
29
.49
%
,
11/29/24
.
38
38
991352691.UG.FTS.B
,
29
.49
%
,
11/29/24
.
24
25
991167597.UG.FTS.B
,
19
.21
%
,
11/30/24
.
38
39
991377384.UG.FTS.B
,
19
.21
%
,
11/30/24
.
39
40
991157062.UG.FTS.B
,
19
.99
%
,
11/30/24
.
208
211
991162077.UG.FTS.B
,
19
.99
%
,
11/30/24
.
82
84
991210693.UG.FTS.B
,
19
.99
%
,
11/30/24
.
69
69
991220098.UG.FTS.B
,
19
.99
%
,
11/30/24
.
21
21
991222899.UG.FTS.B
,
19
.99
%
,
11/30/24
.
11
11
991239767.UG.FTS.B
,
19
.99
%
,
11/30/24
.
62
63
991266991.UG.FTS.B
,
20
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%
,
11/30/24
.
190
191
991273272.UG.FTS.B
,
20
.97
%
,
11/30/24
.
178
179
991178246.UG.FTS.B
,
21
.46
%
,
11/30/24
.
404
406
991310873.UG.FTS.B
,
27
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%
,
11/30/24
.
36
36
991156770.UG.FTS.B
,
28
.98
%
,
11/30/24
.
46
46
991159902.UG.FTS.B
,
28
.98
%
,
11/30/24
.
59
60
991161240.UG.FTS.B
,
28
.98
%
,
11/30/24
.
222
224
991162342.UG.FTS.B
,
28
.98
%
,
11/30/24
.
146
149
991164810.UG.FTS.B
,
28
.98
%
,
11/30/24
.
7
7
991170960.UG.FTS.B
,
28
.98
%
,
11/30/24
.
33
33
991174311.UG.FTS.B
,
28
.98
%
,
11/30/24
..
47
48
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991174605.UG.FTS.B
,
28
.98
%
,
11/30/24
.
$
233
$
237
991180572.UG.FTS.B
,
28
.98
%
,
11/30/24
.
60
61
991181728.UG.FTS.B
,
28
.98
%
,
11/30/24
.
46
47
991184808.UG.FTS.B
,
28
.98
%
,
11/30/24
.
60
61
991186519.UG.FTS.B
,
28
.98
%
,
11/30/24
.
44
45
991190495.UG.FTS.B
,
28
.98
%
,
11/30/24
.
86
87
991194174.UG.FTS.B
,
28
.98
%
,
11/30/24
.
71
13
991226444.UG.FTS.B
,
28
.98
%
,
11/30/24
.
23
24
991247306.UG.FTS.B
,
28
.98
%
,
11/30/24
.
1,097
1,123
991253813.UG.FTS.B
,
28
.98
%
,
11/30/24
.
6
6
991255130.UG.FTS.B
,
28
.98
%
,
11/30/24
.
127
131
991263077.UG.FTS.B
,
28
.98
%
,
11/30/24
.
84
86
991301389.UG.FTS.B
,
28
.98
%
,
11/30/24
.
75
76
991312114.UG.FTS.B
,
28
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%
,
11/30/24
.
92
94
991325045.UG.FTS.B
,
28
.98
%
,
11/30/24
.
37
4
991353871.UG.FTS.B
,
28
.98
%
,
11/30/24
.
20
21
991372018.UG.FTS.B
,
28
.98
%
,
11/30/24
.
50
51
991378438.UG.FTS.B
,
28
.98
%
,
11/30/24
.
40
41
991283230.UG.FTS.B
,
29
.48
%
,
11/30/24
.
51
51
991156343.UG.FTS.B
,
29
.49
%
,
11/30/24
.
96
97
991156625.UG.FTS.B
,
29
.49
%
,
11/30/24
.
98
101
991158386.UG.FTS.B
,
29
.49
%
,
11/30/24
.
173
175
991159301.UG.FTS.B
,
29
.49
%
,
11/30/24
.
28
29
991170244.UG.FTS.B
,
29
.49
%
,
11/30/24
.
15
15
991182361.UG.FTS.B
,
29
.49
%
,
11/30/24
.
38
7
991183630.UG.FTS.B
,
29
.49
%
,
11/30/24
.
177
180
991185246.UG.FTS.B
,
29
.49
%
,
11/30/24
.
86
88
991186053.UG.FTS.B
,
29
.49
%
,
11/30/24
.
24
25
991192752.UG.FTS.B
,
29
.49
%
,
11/30/24
.
38
39
991193473.UG.FTS.B
,
29
.49
%
,
11/30/24
.
29
29
991195243.UG.FTS.B
,
29
.49
%
,
11/30/24
.
810
828
991201454.UG.FTS.B
,
29
.49
%
,
11/30/24
.
43
44
991205442.UG.FTS.B
,
29
.49
%
,
11/30/24
.
199
202
991206111.UG.FTS.B
,
29
.49
%
,
11/30/24
..
28
28
991215049.UG.FTS.B
,
29
.49
%
,
11/30/24
.
30
30
991219200.UG.FTS.B
,
29
.49
%
,
11/30/24
.
25
25
991220330.UG.FTS.B
,
29
.49
%
,
11/30/24
.
51
52
991237242.UG.FTS.B
,
29
.49
%
,
11/30/24
.
23
24
991262641.UG.FTS.B
,
29
.49
%
,
11/30/24
.
102
104
991273969.UG.FTS.B
,
29
.49
%
,
11/30/24
.
81
82
991295869.UG.FTS.B
,
29
.49
%
,
11/30/24
.
394
400
991319229.UG.FTS.B
,
29
.49
%
,
11/30/24
.
207
210
991354554.UG.FTS.B
,
29
.49
%
,
11/30/24
.
27
28
991368424.UG.FTS.B
,
29
.49
%
,
11/30/24
.
47
48
991194398.UG.FTS.B
,
19
.99
%
,
12/01/24
.
9
9
991239748.UG.FTS.B
,
19
.99
%
,
12/01/24
.
236
239
991262568.UG.FTS.B
,
19
.99
%
,
12/01/24
.
19
19
991359215.UG.FTS.B
,
19
.99
%
,
12/01/24
.
25
25
991225649.UG.FTS.B
,
20
.97
%
,
12/01/24
.
1,303
1,319
991167443.UG.FTS.B
,
21
.46
%
,
12/01/24
.
956
66
991167927.UG.FTS.B
,
21
.46
%
,
12/01/24
.
90
91
991165518.UG.FTS.B
,
23
.95
%
,
12/01/24
.
56
56
991164749.UG.FTS.B
,
27
.99
%
,
12/01/24
.
73
75
991162320.UG.FTS.B
,
28
.98
%
,
12/01/24
.
38
39
991165954.UG.FTS.B
,
28
.98
%
,
12/01/24
.
31
31
991170068.UG.FTS.B
,
28
.98
%
,
12/01/24
.
809
828
991174550.UG.FTS.B
,
28
.98
%
,
12/01/24
.
36
36
991182500.UG.FTS.B
,
28
.98
%
,
12/01/24
.
248
253
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)
991189706.UG.FTS.B
,
28
.98
%
,
12/01/24
.
$
60
$
61
991190745.UG.FTS.B
,
28
.98
%
,
12/01/24
.
22
22
991196333.UG.FTS.B
,
28
.98
%
,
12/01/24
.
44
45
991200338.UG.FTS.B
,
28
.98
%
,
12/01/24
.
59
60
991203281.UG.FTS.B
,
28
.98
%
,
12/01/24
.
96
96
991213420.UG.FTS.B
,
28
.98
%
,
12/01/24
.
129
131
991226847.UG.FTS.B
,
28
.98
%
,
12/01/24
.
142
144
991228529.UG.FTS.B
,
28
.98
%
,
12/01/24
.
113
116
991231739.UG.FTS.B
,
28
.98
%
,
12/01/24
.
92
14
991251429.UG.FTS.B
,
28
.98
%
,
12/01/24
.
61
62
991267527.UG.FTS.B
,
28
.98
%
,
12/01/24
.
156
159
991305273.UG.FTS.B
,
28
.98
%
,
12/01/24
.
57
58
991323706.UG.FTS.B
,
28
.98
%
,
12/01/24
.
249
–
991325531.UG.FTS.B
,
28
.98
%
,
12/01/24
.
202
206
991328743.UG.FTS.B
,
28
.98
%
,
12/01/24
.
234
238
991378052.UG.FTS.B
,
28
.98
%
,
12/01/24
.
6
6
991161940.UG.FTS.B
,
29
.46
%
,
12/01/24
.
99
101
991163350.UG.FTS.B
,
29
.49
%
,
12/01/24
.
61
62
991165411.UG.FTS.B
,
29
.49
%
,
12/01/24
.
66
67
991166278.UG.FTS.B
,
29
.49
%
,
12/01/24
.
20
21
991166742.UG.FTS.B
,
29
.49
%
,
12/01/24
.
33
34
991168466.UG.FTS.B
,
29
.49
%
,
12/01/24
.
13
13
991170942.UG.FTS.B
,
29
.49
%
,
12/01/24
.
68
68
991171218.UG.FTS.B
,
29
.49
%
,
12/01/24
.
288
294
991174137.UG.FTS.B
,
29
.49
%
,
12/01/24
.
66
66
991174516.UG.FTS.B
,
29
.49
%
,
12/01/24
.
105
108
991178641.UG.FTS.B
,
29
.49
%
,
12/01/24
.
9
9
991180960.UG.FTS.B
,
29
.49
%
,
12/01/24
.
84
86
991186231.UG.FTS.B
,
29
.49
%
,
12/01/24
.
48
9
991196169.UG.FTS.B
,
29
.49
%
,
12/01/24
.
43
43
991241447.UG.FTS.B
,
29
.49
%
,
12/01/24
.
47
48
991246447.UG.FTS.B
,
29
.49
%
,
12/01/24
.
101
103
991253430.UG.FTS.B
,
29
.49
%
,
12/01/24
.
16
16
991256494.UG.FTS.B
,
29
.49
%
,
12/01/24
.
151
153
991283740.UG.FTS.B
,
29
.49
%
,
12/01/24
.
20
21
991290418.UG.FTS.B
,
29
.49
%
,
12/01/24
.
53
55
991290834.UG.FTS.B
,
29
.49
%
,
12/01/24
.
19
20
991323578.UG.FTS.B
,
29
.49
%
,
12/01/24
.
79
81
991383117.UG.FTS.B
,
29
.49
%
,
12/01/24
.
99
103
991383396.UG.FTS.B
,
29
.49
%
,
12/01/24
.
31
32
991330023.UG.FTS.B
,
28
.98
%
,
12/02/24
.
39
40
991347910.UG.FTS.B
,
28
.98
%
,
12/02/24
.
49
51
991364192.UG.FTS.B
,
28
.98
%
,
12/02/24
.
38
39
991348609.UG.FTS.B
,
29
.49
%
,
12/02/24
.
15
16
991348696.UG.FTS.B
,
29
.49
%
,
12/02/24
.
27
28
991353863.UG.FTS.B
,
29
.49
%
,
12/02/24
.
30
12
991354003.UG.FTS.B
,
29
.49
%
,
12/02/24
.
30
11
991370712.UG.FTS.B
,
29
.49
%
,
12/02/24
.
36
37
991187412.UG.FTS.B
,
19
.99
%
,
12/05/24
.
88
89
991195736.UG.FTS.B
,
27
.99
%
,
12/05/24
.
47
48
991190483.UG.FTS.B
,
29
.49
%
,
12/05/24
.
27
27
991200707.UG.FTS.B
,
29
.49
%
,
12/05/24
.
32
32
991244332.UG.FTS.B
,
29
.49
%
,
12/05/24
.
39
5
991301956.UG.FTS.B
,
29
.49
%
,
12/05/24
.
11
6
991342288.UG.FTS.B
,
29
.49
%
,
12/05/24
.
41
6
991357406.UG.FTS.B
,
29
.49
%
,
12/05/24
.
5
–
991191497.UG.FTS.B
,
14
.98
%
,
12/06/24
.
75
76
991214247.UG.FTS.B
,
15
.97
%
,
12/06/24
.
26
26
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991191303.UG.FTS.B
,
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,
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470
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131
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30
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470
479
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33
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424
66
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145
147
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56
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512
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76
77
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..
85
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87
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26
12
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,
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.
37
37
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,
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,
12/08/24
.
204
208
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12/08/24
.
27
28
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300
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41
41
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,
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.
30
30
991210459.UG.FTS.B
,
29
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%
,
12/08/24
.
318
318
991214958.UG.FTS.B
,
29
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,
12/08/24
.
256
262
991203718.UG.FTS.B
,
29
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,
12/08/24
.
122
125
991203729.UG.FTS.B
,
29
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,
12/08/24
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77
79
991213079.UG.FTS.B
,
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,
12/08/24
.
333
342
991248866.UG.FTS.B
,
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,
12/08/24
.
230
34
991252807.UG.FTS.B
,
29
.49
%
,
12/08/24
.
107
109
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)
991259595.UG.FTS.B
,
29
.49
%
,
12/08/24
.
$
71
$
71
991287259.UG.FTS.B
,
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,
12/08/24
.
2
2
991317879.UG.FTS.B
,
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12/08/24
.
97
99
991318654.UG.FTS.B
,
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.
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98
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,
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..
175
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.
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,
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12/09/24
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269
270
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,
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7
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,
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12/09/24
.
39
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.
31
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83
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,
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2
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,
12/09/24
.
26
27
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,
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.
116
119
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,
12/09/24
.
125
125
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,
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,
12/09/24
.
76
76
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,
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,
12/10/24
.
80
80
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,
12/10/24
.
1,003
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12/10/24
.
111
111
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17
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,
12/10/24
.
365
366
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,
12/10/24
.
528
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,
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,
12/10/24
.
669
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991391063.UG.FTS.B
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,
12/10/24
.
9
9
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,
21
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,
12/10/24
.
47
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,
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12/10/24
.
129
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.
57
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.
44
3
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184
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240
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12/10/24
.
35
35
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12/10/24
.
395
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12/10/24
.
197
200
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14
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12/11/24
.
11
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129
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12/11/24
.
169
170
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%
,
12/11/24
..
70
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,
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12/11/24
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46
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991314763.UG.FTS.B
,
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,
12/11/24
.
227
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991400497.UG.FTS.B
,
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.
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12/11/24
.
242
244
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,
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%
,
12/12/24
.
100
100
991447662.UG.FTS.B
,
15
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%
,
12/12/24
.
202
203
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991334534.UG.FTS.B
,
16
.99
%
,
12/12/24
.
$
48
$
48
991326016.UG.FTS.B
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12/12/24
.
353
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%
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12/12/24
.
43
43
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12/12/24
.
156
157
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168
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276
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340
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.
103
104
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%
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12/12/24
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5
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%
,
12/12/24
.
167
170
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%
,
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.
361
363
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12/13/24
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34
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637
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173
174
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1,520
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12/13/24
.
174
175
991341019.UG.FTS.B
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%
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.
179
13
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%
,
12/13/24
.
48
48
991346666.UG.FTS.B
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19
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%
,
12/13/24
.
52
52
991331713.UG.FTS.B
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%
,
12/13/24
.
34
35
991373941.UG.FTS.B
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%
,
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.
92
93
991296644.UG.FTS.B
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%
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.
218
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%
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.
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.
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991347766.UG.FTS.B
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.
26
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991388005.UG.FTS.B
,
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%
,
12/13/24
.
15
15
991391691.UG.FTS.B
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%
,
12/13/24
.
369
374
991411685.UG.FTS.B
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%
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.
140
142
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90
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,
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.
53
54
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%
,
12/13/24
.
208
211
991334276.UG.FTS.B
,
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%
,
12/13/24
.
42
42
991455918.UG.FTS.B
,
29
.49
%
,
12/13/24
.
155
158
991258056.UG.FTS.B
,
16
.99
%
,
12/14/24
.
68
68
991427457.UG.FTS.B
,
16
.99
%
,
12/14/24
.
8
8
991248746.UG.FTS.B
,
17
.99
%
,
12/14/24
.
40
40
991267867.UG.FTS.B
,
14
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%
,
12/15/24
.
1,683
1,705
991305580.UG.FTS.B
,
14
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%
,
12/15/24
.
73
74
991375848.UG.FTS.B
,
14
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%
,
12/15/24
.
56
57
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,
12/15/24
.
128
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991481298.UG.FTS.B
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,
12/15/24
.
43
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991484132.UG.FTS.B
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%
,
12/15/24
.
557
559
991255967.UG.FTS.B
,
16
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%
,
12/15/24
.
29
29
991265175.UG.FTS.B
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16
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%
,
12/15/24
.
114
114
991256520.UG.FTS.B
,
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,
12/15/24
.
77
78
991425011.UG.FTS.B
,
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%
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12/15/24
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48
49
991405120.UG.FTS.B
,
18
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%
,
12/15/24
.
129
131
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,
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%
,
12/15/24
.
31
32
991484626.UG.FTS.B
,
19
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%
,
12/15/24
.
388
391
991409003.UG.FTS.B
,
19
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%
,
12/15/24
..
56
57
991341925.UG.FTS.B
,
20
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%
,
12/15/24
.
67
68
991415618.UG.FTS.B
,
20
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%
,
12/15/24
.
99
99
991256653.UG.FTS.B
,
21
.46
%
,
12/15/24
.
54
55
991296657.UG.FTS.B
,
23
.95
%
,
12/15/24
.
255
18
991478310.UG.FTS.B
,
14
.98
%
,
12/16/24
.
50
50
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)
991375810.UG.FTS.B
,
15
%
,
12/16/24
....
$
12
$
12
991391018.UG.FTS.B
,
15
%
,
12/16/24
....
167
169
991263041.UG.FTS.B
,
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%
,
12/16/24
.
57
57
991260873.UG.FTS.B
,
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%
,
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.
219
220
991260935.UG.FTS.B
,
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,
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.
118
119
991263408.UG.FTS.B
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,
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.
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991298844.UG.FTS.B
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.
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991331384.UG.FTS.B
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.
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991263277.UG.FTS.B
,
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,
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.
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991282278.UG.FTS.B
,
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.
39
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991291197.UG.FTS.B
,
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.
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991324832.UG.FTS.B
,
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.
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991513641.UG.FTS.B
,
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,
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.
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991270332.UG.FTS.B
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.
96
36
991398838.UG.FTS.B
,
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,
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.
502
506
991309883.UG.FTS.B
,
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,
12/17/24
....
54
54
991515245.UG.FTS.B
,
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%
,
12/17/24
.
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991303485.UG.FTS.B
,
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,
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.
39
40
991304516.UG.FTS.B
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.
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991313589.UG.FTS.B
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.
357
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991415822.UG.FTS.B
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,
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.
420
29
991289039.UG.FTS.B
,
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,
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.
123
124
991301102.UG.FTS.B
,
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%
,
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.
33
33
991451584.UG.FTS.B
,
18
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%
,
12/17/24
.
182
183
991319714.UG.FTS.B
,
19
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,
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.
10
10
991368537.UG.FTS.B
,
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,
12/17/24
.
27
27
991390886.UG.FTS.B
,
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%
,
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.
74
75
991425383.UG.FTS.B
,
19
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%
,
12/17/24
.
47
48
991407951.UG.FTS.B
,
19
.8
%
,
12/17/24
..
214
87
991523409.UG.FTS.B
,
19
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%
,
12/17/24
..
4,245
583
991278450.UG.FTS.B
,
20
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%
,
12/17/24
.
43
43
991488102.UG.FTS.B
,
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%
,
12/17/24
.
68
68
991279256.UG.FTS.B
,
20
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%
,
12/17/24
.
66
5
991437221.UG.FTS.B
,
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%
,
12/17/24
.
209
211
991499186.UG.FTS.B
,
21
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%
,
12/17/24
.
67
67
991270128.UG.FTS.B
,
28
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%
,
12/17/24
.
25
26
991374578.UG.FTS.B
,
16
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%
,
12/18/24
.
35
35
991322304.UG.FTS.B
,
17
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%
,
12/18/24
.
86
86
991329588.UG.FTS.B
,
17
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%
,
12/18/24
.
276
278
991343423.UG.FTS.B
,
17
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%
,
12/18/24
.
287
289
991478169.UG.FTS.B
,
17
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,
12/18/24
.
1,121
1,127
991517094.UG.FTS.B
,
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%
,
12/18/24
.
29
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991290938.UG.FTS.B
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,
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.
471
474
991340064.UG.FTS.B
,
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.
73
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991355888.UG.FTS.B
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%
,
12/18/24
.
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156
991279501.UG.FTS.B
,
20
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%
,
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.
101
102
991283292.UG.FTS.B
,
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%
,
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.
128
129
991286343.UG.FTS.B
,
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,
12/18/24
.
339
342
991316123.UG.FTS.B
,
23
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%
,
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.
110
111
991287107.UG.FTS.B
,
14
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%
,
12/19/24
.
43
43
991339453.UG.FTS.B
,
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%
,
12/19/24
.
35
35
991446289.UG.FTS.B
,
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%
,
12/19/24
.
51
51
991511356.UG.FTS.B
,
15
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%
,
12/19/24
.
151
152
991489325.UG.FTS.B
,
16
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%
,
12/19/24
.
59
60
991469894.UG.FTS.B
,
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%
,
12/19/24
.
74
75
991348742.UG.FTS.B
,
18
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%
,
12/19/24
.
23
23
991454147.UG.FTS.B
,
20
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%
,
12/19/24
.
32
32
991395795.UG.FTS.B
,
20
.97
%
,
12/19/24
.
270
272
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991294927.UG.FTS.B
,
21
.98
%
,
12/19/24
.
$
93
$
93
991328367.UG.FTS.B
,
14
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%
,
12/20/24
.
62
62
991296195.UG.FTS.B
,
15
%
,
12/20/24
....
138
139
991333020.UG.FTS.B
,
15
%
,
12/20/24
....
303
305
991348628.UG.FTS.B
,
15
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%
,
12/20/24
.
386
27
991365579.UG.FTS.B
,
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%
,
12/20/24
.
969
67
991375709.UG.FTS.B
,
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%
,
12/20/24
.
58
59
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,
12/20/24
.
251
252
991504029.UG.FTS.B
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,
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.
169
169
991303599.UG.FTS.B
,
16
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,
12/20/24
.
350
353
991310742.UG.FTS.B
,
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,
12/20/24
.
40
40
991350184.UG.FTS.B
,
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%
,
12/20/24
.
152
1
991371806.UG.FTS.B
,
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,
12/20/24
.
1,115
77
991423752.UG.FTS.B
,
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%
,
12/20/24
.
38
38
991440844.UG.FTS.B
,
16
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%
,
12/20/24
.
651
653
991521970.UG.FTS.B
,
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%
,
12/20/24
.
39
39
991304140.UG.FTS.B
,
17
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%
,
12/20/24
.
75
75
991346525.UG.FTS.B
,
17
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%
,
12/20/24
.
261
263
991349664.UG.FTS.B
,
17
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%
,
12/20/24
.
46
47
991512531.UG.FTS.B
,
17
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%
,
12/20/24
.
22
22
991381262.UG.FTS.B
,
18
.97
%
,
12/20/24
.
43
44
991422168.UG.FTS.B
,
19
.21
%
,
12/20/24
.
880
884
991425928.UG.FTS.B
,
19
.46
%
,
12/20/24
.
23
23
991305111.UG.FTS.B
,
19
.8
%
,
12/20/24
..
106
107
991309911.UG.FTS.B
,
19
.8
%
,
12/20/24
..
480
484
991415873.UG.FTS.B
,
19
.8
%
,
12/20/24
..
569
574
991438242.UG.FTS.B
,
15
.97
%
,
12/21/24
.
80
81
991495192.UG.FTS.B
,
16
.99
%
,
12/21/24
.
426
429
991505343.UG.FTS.B
,
17
.99
%
,
12/21/24
.
69
69
991182116.UG.FTS.B
,
28
.98
%
,
12/28/24
.
31
31
991039478.UG.FTS.B
,
16
.99
%
,
1/09/25
..
102
103
991031280.UG.FTS.B
,
28
.98
%
,
1/09/25
..
47
49
991063837.UG.FTS.B
,
19
.8
%
,
1/13/25
...
57
57
991232706.UG.FTS.B
,
21
.98
%
,
1/13/25
..
28
24
991104861.UG.FTS.B
,
25
.95
%
,
1/13/25
..
32
5
991070598.UG.FTS.B
,
28
.98
%
,
1/16/25
..
503
72
991145095.UG.FTS.B
,
29
.49
%
,
1/17/25
..
31
31
991254871.UG.FTS.B
,
29
.49
%
,
1/17/25
..
5
5
991114837.UG.FTS.B
,
28
.98
%
,
1/23/25
..
265
234
991182716.UG.FTS.B
,
21
.98
%
,
1/26/25
..
131
133
991151698.UG.FTS.B
,
22
.97
%
,
1/27/25
..
182
162
991236126.UG.FTS.B
,
28
.98
%
,
1/29/25
..
24
25
991036234.UG.FTS.B
,
21
.98
%
,
2/07/25
..
179
25
991075118.UG.FTS.B
,
29
.49
%
,
2/07/25
..
619
544
991338381.UG.FTS.B
,
16
.99
%
,
2/09/25
..
42
42
991184036.UG.FTS.B
,
19
.21
%
,
2/09/25
..
50
50
991345307.UG.FTS.B
,
29
.49
%
,
2/09/25
..
61
21
991229420.UG.FTS.B
,
18
.97
%
,
2/10/25
..
170
60
991231578.UG.FTS.B
,
18
.97
%
,
2/12/25
..
1,203
1,210
991232539.UG.FTS.B
,
20
.97
%
,
2/12/25
..
97
35
991052998.UG.FTS.B
,
20
.46
%
,
2/13/25
..
11
–
991239064.UG.FTS.B
,
23
.95
%
,
2/13/25
..
193
68
991263681.UG.FTS.B
,
29
.49
%
,
2/14/25
..
76
–
991236091.UG.FTS.B
,
19
.21
%
,
2/16/25
..
26
22
991266466.UG.FTS.B
,
18
.97
%
,
2/17/25
..
221
223
991084445.UG.FTS.B
,
28
.98
%
,
2/17/25
..
87
88
991185484.UG.FTS.B
,
28
.98
%
,
2/17/25
..
27
23
991222930.UG.FTS.B
,
28
.98
%
,
2/17/25
..
128
1
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)
991113882.UG.FTS.B
,
29
.49
%
,
2/17/25
..
$
176
$
16
991191696.UG.FTS.B
,
29
.49
%
,
2/17/25
..
171
25
991258723.UG.FTS.B
,
29
.49
%
,
2/17/25
..
72
–
991259944.UG.FTS.B
,
29
.49
%
,
2/17/25
..
45
46
991125422.UG.FTS.B
,
28
.98
%
,
2/18/25
..
553
37
991163497.UG.FTS.B
,
28
.98
%
,
2/18/25
..
329
338
991138300.UG.FTS.B
,
28
.98
%
,
2/19/25
..
21
22
991177091.UG.FTS.B
,
28
.98
%
,
2/19/25
..
392
401
991113103.UG.FTS.B
,
29
.49
%
,
2/19/25
..
8
8
991114374.UG.FTS.B
,
29
.49
%
,
2/19/25
..
133
136
991195967.UG.FTS.B
,
29
.49
%
,
2/19/25
..
105
109
991180574.UG.FTS.B
,
26
.94
%
,
2/20/25
..
157
159
991116156.UG.FTS.B
,
29
.49
%
,
2/20/25
..
51
52
991114478.UG.FTS.B
,
28
.98
%
,
2/21/25
..
80
81
991189874.UG.FTS.B
,
28
.98
%
,
2/21/25
..
617
639
991120312.UG.FTS.B
,
29
.49
%
,
2/21/25
..
768
786
991139033.UG.FTS.B
,
29
.49
%
,
2/21/25
..
425
436
991155401.UG.FTS.B
,
29
.49
%
,
2/21/25
..
57
50
991126948.UG.FTS.B
,
28
.98
%
,
2/22/25
..
562
572
991323210.UG.FTS.B
,
28
.98
%
,
2/22/25
..
263
271
991186396.UG.FTS.B
,
29
.49
%
,
2/22/25
..
40
35
991282728.UG.FTS.B
,
29
.49
%
,
2/22/25
..
106
1
991182494.UG.FTS.B
,
20
.46
%
,
2/23/25
..
316
268
991124999.UG.FTS.B
,
28
.98
%
,
2/23/25
..
245
255
991134858.UG.FTS.B
,
28
.98
%
,
2/23/25
..
946
983
991277503.UG.FTS.B
,
19
.8
%
,
2/24/25
...
139
139
991137424.UG.FTS.B
,
19
.8
%
,
2/25/25
...
487
489
991137442.UG.FTS.B
,
21
.46
%
,
2/25/25
..
162
137
991212968.UG.FTS.B
,
19
.8
%
,
2/26/25
...
379
383
991187935.UG.FTS.B
,
20
.97
%
,
2/27/25
..
34
5
991231794.UG.FTS.B
,
20
.97
%
,
2/27/25
..
849
126
991151079.UG.FTS.B
,
29
.49
%
,
2/27/25
..
67
6
991157887.UG.FTS.B
,
29
.49
%
,
2/27/25
..
45
46
991217237.UG.FTS.B
,
28
.98
%
,
2/28/25
..
50
4
991230587.UG.FTS.B
,
28
.98
%
,
2/28/25
..
71
62
991247481.UG.FTS.B
,
29
.49
%
,
2/28/25
..
279
43
991373345.UG.FTS.B
,
29
.49
%
,
2/28/25
..
53
44
991284608.UG.FTS.B
,
21
.98
%
,
3/04/25
..
199
200
991226863.UG.FTS.B
,
28
.98
%
,
3/05/25
..
99
102
991216602.UG.FTS.B
,
29
.48
%
,
3/05/25
..
352
364
991249125.UG.FTS.B
,
29
.49
%
,
3/05/25
..
8
7
991312810.UG.FTS.B
,
29
.49
%
,
3/07/25
..
66
66
991451736.UG.FTS.B
,
19
.8
%
,
3/10/25
...
441
448
991472819.UG.FTS.B
,
17
.99
%
,
3/14/25
..
196
169
991091518.UG.FTS.B
,
29
.49
%
,
3/15/25
..
104
107
991097752.UG.FTS.B
,
29
.49
%
,
3/17/25
..
50
51
991256789.UG.FTS.B
,
28
.98
%
,
3/18/25
..
280
286
991169914.UG.FTS.B
,
28
.98
%
,
3/20/25
..
263
18
991253796.UG.FTS.B
,
29
.49
%
,
3/22/25
..
102
7
991297898.UG.FTS.B
,
29
.49
%
,
3/23/25
..
45
47
991152322.UG.FTS.B
,
26
.94
%
,
3/27/25
..
778
625
991216328.UG.FTS.B
,
26
.94
%
,
3/27/25
..
156
126
991198311.UG.FTS.B
,
29
.49
%
,
3/28/25
..
77
79
991282718.UG.FTS.B
,
29
.49
%
,
3/28/25
..
31
33
991229899.UG.FTS.B
,
28
.98
%
,
3/29/25
..
50
51
991342598.UG.FTS.B
,
28
.98
%
,
4/05/25
..
53
54
991356417.UG.FTS.B
,
29
.49
%
,
4/05/25
..
77
79
991147993.UG.FTS.B
,
20
.46
%
,
4/12/25
..
210
212
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991253923.UG.FTS.B
,
25
.95
%
,
4/16/25
..
$
110
$
96
991089356.UG.FTS.B
,
28
.98
%
,
4/17/25
..
63
64
991269003.UG.FTS.B
,
29
.49
%
,
4/18/25
..
297
247
991103642.UG.FTS.B
,
29
.49
%
,
4/19/25
..
76
68
991152518.UG.FTS.B
,
18
.97
%
,
4/23/25
..
99
102
991179044.UG.FTS.B
,
21
.46
%
,
4/29/25
..
405
410
991233872.UG.FTS.B
,
17
.99
%
,
5/05/25
..
75
63
991015397.UG.FTS.B
,
21
.46
%
,
5/06/25
..
89
6
991323235.UG.FTS.B
,
18
.97
%
,
5/07/25
..
221
29
991072361.UG.FTS.B
,
21
.46
%
,
5/10/25
..
289
292
991226484.UG.FTS.B
,
21
.46
%
,
5/10/25
..
349
351
991164566.UG.FTS.B
,
29
.49
%
,
5/18/25
..
129
9
991267091.UG.FTS.B
,
21
.98
%
,
5/19/25
..
1,534
1,187
991166382.UG.FTS.B
,
26
.94
%
,
5/20/25
..
60
50
991104826.UG.FTS.B
,
29
.49
%
,
5/20/25
..
67
69
991137652.UG.FTS.B
,
29
.49
%
,
5/20/25
..
8
9
991171681.UG.FTS.B
,
17
.99
%
,
5/25/25
..
71
71
991223413.UG.FTS.B
,
28
.98
%
,
5/28/25
..
82
85
991014881.UG.FTS.B
,
20
.46
%
,
6/07/25
..
256
259
991031396.UG.FTS.B
,
29
.49
%
,
6/09/25
..
48
50
991257818.UG.FTS.B
,
28
.98
%
,
6/15/25
..
126
129
991329135.UG.FTS.B
,
19
.8
%
,
6/17/25
...
3,865
3,892
991198112.UG.FTS.B
,
19
.8
%
,
6/19/25
...
137
109
991237119.UG.FTS.B
,
28
.98
%
,
6/19/25
..
632
516
991100555.UG.FTS.B
,
29
.49
%
,
6/20/25
..
584
474
991148239.UG.FTS.B
,
29
.49
%
,
6/20/25
..
393
405
991119625.UG.FTS.B
,
21
.46
%
,
6/21/25
..
303
238
991149182.UG.FTS.B
,
28
.48
%
,
6/21/25
..
69
60
991217112.UG.FTS.B
,
6
%
,
6/25/25
......
249
252
991216498.UG.FTS.B
,
19
.99
%
,
7/05/25
..
2,709
2,215
991213890.UG.FTS.B
,
29
.49
%
,
7/07/25
..
83
7
991025029.UG.FTS.B
,
21
.46
%
,
7/09/25
..
166
46
991293334.UG.FTS.B
,
16
.99
%
,
7/13/25
..
1,394
1,402
991078332.UG.FTS.B
,
25
.95
%
,
7/17/25
..
139
10
991184596.UG.FTS.B
,
27
.99
%
,
7/17/25
..
649
–
991146431.UG.FTS.B
,
28
.98
%
,
7/17/25
..
56
57
991169822.UG.FTS.B
,
29
.49
%
,
7/17/25
..
411
420
991119833.UG.FTS.B
,
19
.21
%
,
7/20/25
..
615
618
991311847.UG.FTS.B
,
28
.98
%
,
7/20/25
..
151
–
991125415.UG.FTS.B
,
28
.98
%
,
7/21/25
..
161
165
991180111.UG.FTS.B
,
29
.49
%
,
7/21/25
...
79
65
991300215.UG.FTS.B
,
21
.46
%
,
8/08/25
..
77
77
991108267.UG.FTS.B
,
29
.49
%
,
8/08/25
..
173
–
991168160.UG.FTS.B
,
21
.46
%
,
8/16/25
..
157
159
991103252.UG.FTS.B
,
29
.46
%
,
8/20/25
..
238
16
991217394.UG.FTS.B
,
29
.49
%
,
8/20/25
..
90
73
991168137.UG.FTS.B
,
19
.8
%
,
8/21/25
...
188
149
991114531.UG.FTS.B
,
19
.99
%
,
8/21/25
..
75
61
991138789.UG.FTS.B
,
21
.46
%
,
8/22/25
..
112
114
991115956.UG.FTS.B
,
28
.98
%
,
8/22/25
..
1,171
85
991131037.UG.FTS.B
,
21
.46
%
,
9/08/25
..
261
263
991201385.UG.FTS.B
,
28
.98
%
,
9/09/25
..
182
24
991054142.UG.FTS.B
,
19
.8
%
,
9/11/25
...
61
61
991096721.UG.FTS.B
,
19
.21
%
,
9/16/25
..
193
13
991176181.UG.FTS.B
,
19
.99
%
,
9/23/25
..
1,070
862
991180816.UG.FTS.B
,
29
.49
%
,
9/23/25
..
146
116
991421184.UG.FTS.B
,
29
.49
%
,
10/06/25
.
183
187
991054408.UG.FTS.B
,
28
.98
%
,
10/08/25
.
423
440
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)
991131752.UG.FTS.B
,
29
.49
%
,
10/20/25
.
$
115
$
89
991112802.UG.FTS.B
,
28
.98
%
,
10/22/25
.
508
409
991123245.UG.FTS.B
,
26
.94
%
,
10/23/25
.
396
305
991169188.UG.FTS.B
,
29
.49
%
,
10/23/25
.
440
329
991299072.UG.FTS.B
,
29
.49
%
,
10/23/25
.
197
206
991258611.UG.FTS.B
,
21
.98
%
,
11/14/25
.
1,663
1,664
991358540.UG.FTS.B
,
14
.98
%
,
11/15/25
.
372
282
991215163.UG.FTS.B
,
19
.8
%
,
11/15/25
..
656
47
991237888.UG.FTS.B
,
28
.98
%
,
11/15/25
.
464
473
991099491.UG.FTS.B
,
29
.49
%
,
11/17/25
.
26
26
991191984.UG.FTS.B
,
29
.49
%
,
11/17/25
.
60
54
991260952.UG.FTS.B
,
28
.98
%
,
11/20/25
.
83
6
991239091.UG.FTS.B
,
29
.49
%
,
11/20/25
.
618
88
991124779.UG.FTS.B
,
29
.49
%
,
11/22/25
.
155
117
991119119.UG.FTS.B
,
29
.49
%
,
11/23/25
..
144
114
991228566.UG.FTS.B
,
29
.49
%
,
11/23/25
.
138
146
991326057.UG.FTS.B
,
29
.49
%
,
11/28/25
.
92
94
991186676.UG.FTS.B
,
29
.49
%
,
11/29/25
.
544
–
991339390.UG.FTS.B
,
29
.49
%
,
12/05/25
.
482
–
991026129.UG.FTS.B
,
29
.49
%
,
12/06/25
.
131
133
991369350.UG.FTS.B
,
21
.46
%
,
12/07/25
.
85
85
991305854.UG.FTS.B
,
29
.49
%
,
12/09/25
.
189
194
991257232.UG.FTS.B
,
28
.98
%
,
12/28/25
.
187
192
991269532.UG.FTS.B
,
29
.46
%
,
1/05/26
..
134
141
991147839.UG.FTS.B
,
22
.97
%
,
1/11/26
..
501
375
991238529.UG.FTS.B
,
19
.8
%
,
1/16/26
...
1,365
1,365
991218283.UG.FTS.B
,
14
.98
%
,
1/27/26
..
3,697
448
991074295.UG.FTS.B
,
29
.49
%
,
2/09/26
..
170
130
991116103.UG.FTS.B
,
29
.49
%
,
2/23/26
..
107
114
991037607.UG.FTS.B
,
28
.98
%
,
3/08/26
..
104
7
991178342.UG.FTS.B
,
28
.98
%
,
3/28/26
..
343
46
991058306.UG.FTS.B
,
20
.46
%
,
4/11/26
..
505
503
991258407.UG.FTS.B
,
29
.49
%
,
4/28/26
..
197
14
991231725.UG.FTS.B
,
29
.49
%
,
5/18/26
..
277
281
991252958.UG.FTS.B
,
18
.97
%
,
5/24/26
..
294
198
991158407.UG.FTS.B
,
29
.49
%
,
5/28/26
..
124
128
991033157.UG.FTS.B
,
22
.97
%
,
6/09/26
..
973
706
991319523.UG.FTS.B
,
15
.97
%
,
6/10/26
..
92
10
991161030.UG.FTS.B
,
29
.49
%
,
6/18/26
..
134
137
991162953.UG.FTS.B
,
26
.94
%
,
7/27/26
..
158
153
991080210.UG.FTS.B
,
28
.98
%
,
8/08/26
..
290
291
991046765.UG.FTS.B
,
15
.97
%
,
8/10/26
..
130
14
991120791.UG.FTS.B
,
15
.97
%
,
8/10/26
..
1,433
159
991115841.UG.FTS.B
,
29
.49
%
,
8/21/26
..
977
670
991127641.UG.FTS.B
,
29
.49
%
,
8/22/26
..
404
411
991015912.UG.FTS.B
,
20
.97
%
,
9/07/26
..
588
598
991418802.UG.FTS.B
,
29
.49
%
,
9/10/26
..
96
67
991042430.UG.FTS.B
,
17
.99
%
,
10/10/26
.
2,464
1,745
991089727.UG.FTS.B
,
17
.99
%
,
10/10/26
.
5,812
3,856
991142024.UG.FTS.B
,
28
.98
%
,
10/19/26
.
1,520
63
991020944.UG.FTS.B
,
15
.99
%
,
11/08/26
.
2,227
2,280
991074802.UG.FTS.B
,
22
.36
%
,
11/11/26
.
5,278
5,550
991215907.UG.FTS.B
,
16
.99
%
,
11/12/26
.
1,138
1,167
991164893.UG.FTS.B
,
19
.99
%
,
11/13/26
.
49
49
991087378.UG.FTS.B
,
21
.36
%
,
11/15/26
.
477
496
991240407.UG.FTS.B
,
28
.98
%
,
11/20/26
.
671
653
991120297.UG.FTS.B
,
22
.97
%
,
11/23/26
.
1,727
1,751
991299503.UG.FTS.B
,
17
.99
%
,
11/27/26
.
282
178
Description
Principal
Amount
Value
Upgrade,
Inc.
-
Card
(continued)
991262312.UG.FTS.B
,
29
.49
%
,
11/29/26
.
$
144
$
144
991356469.UG.FTS.B
,
16
.99
%
,
12/07/26
.
63
62
991226691.UG.FTS.B
,
15
.99
%
,
12/09/26
.
192
202
991249712.UG.FTS.B
,
15
.99
%
,
12/09/26
.
2,406
2,510
991098718.UG.FTS.B
,
23
.95
%
,
12/09/26
.
505
504
991265247.UG.FTS.B
,
16
.99
%
,
12/12/26
.
315
328
991359359.UG.FTS.B
,
15
.99
%
,
12/14/26
.
500
519
991467528.UG.FTS.B
,
15
.99
%
,
12/14/26
.
299
310
991258909.UG.FTS.B
,
16
.99
%
,
12/14/26
.
675
49
991469109.UG.FTS.B
,
18
.98
%
,
12/15/26
.
558
39
991326633.UG.FTS.B
,
21
.99
%
,
12/19/26
.
517
533
991389147.UG.FTS.B
,
22
.36
%
,
12/19/26
.
87
88
991143728.UG.FTS.B
,
18
.21
%
,
12/26/26
.
529
523
991110203.UG.FTS.B
,
29
.49
%
,
1/19/27
..
195
129
991383601.UG.FTS.B
,
20
.97
%
,
2/28/27
..
238
153
991225567.UG.FTS.B
,
19
.8
%
,
3/18/27
...
239
135
991418120.UG.FTS.B
,
14
.98
%
,
4/13/27
..
168
103
991115930.UG.FTS.B
,
29
.49
%
,
4/19/27
..
630
624
991266262.UG.FTS.B
,
19
.8
%
,
5/16/27
...
1,305
781
991223479.UG.FTS.B
,
29
.49
%
,
8/18/27
..
192
117
991197071.UG.FTS.B
,
21
.98
%
,
11/09/27
.
218
143
991188769.UG.FTS.B
,
21
.46
%
,
4/25/28
..
16
17
991080461.UG.FTS.B
,
29
.49
%
,
8/17/28
..
27
–
991089483.UG.FTS.B
,
29
.49
%
,
11/15/28
.
163
161
991102474.UG.FTS.B
,
29
.49
%
,
11/16/28
.
2,500
2,471
991081404.UG.FTS.B
,
18
.71
%
,
11/17/28
.
50
46
991218561.UG.FTS.B
,
20
.47
%
,
11/17/28
.
5
–
991309417.UG.FTS.B
,
20
.47
%
,
12/15/28
.
229
16
991269656.UG.FTS.B
,
29
.49
%
,
3/17/29
..
3
–
991158478.UG.FTS.B
,
29
.49
%
,
3/27/29
..
38
36
991323937.UG.FTS.B
,
29
.49
%
,
3/28/29
..
4
4
991133361.UG.FTS.B
,
29
.49
%
,
5/14/29
..
3
1
991101168.UG.FTS.B
,
29
.49
%
,
5/19/29
..
7
–
991067743.UG.FTS.B
,
28
.48
%
,
7/15/29
..
3
3
991159214.UG.FTS.B
,
29
.49
%
,
7/26/29
..
6
6
991091995.UG.FTS.B
,
28
.98
%
,
8/09/29
..
10
1
991084245.UG.FTS.B
,
29
.49
%
,
8/09/29
..
4
4
991270949.UG.FTS.B
,
29
.49
%
,
8/16/29
..
4
4
991210688.UG.FTS.B
,
19
.99
%
,
8/18/29
..
20
–
231,070
Upstart
Network,
Inc.
L1706751.UP.FTS.B
,
6
.12
%
,
9/13/24
....
583
579
L1707041.UP.FTS.B
,
6
.68
%
,
9/13/24
....
1,644
1,632
L1706804.UP.FTS.B
,
14
.15
%
,
9/13/24
....
294
293
L1706922.UP.FTS.B
,
15
.62
%
,
9/13/24
....
2,735
2,730
L1704236.UP.FTS.B
,
15
.99
%
,
9/13/24
....
586
585
L1702670.UP.FTS.B
,
17
.62
%
,
9/13/24
....
453
84
FW1704884.UP.FTS.B
,
18
%
,
9/13/24
....
27
27
L1705591.UP.FTS.B
,
23
.35
%
,
9/13/24
....
330
329
FW1704787.UP.FTS.B
,
26
.17
%
,
9/13/24
..
874
63
FW1706959.UP.FTS.B
,
28
.41
%
,
9/13/24
..
159
159
L1705350.UP.FTS.B
,
7
.7
%
,
9/26/24
.....
496
203
L1877544.UP.FTS.B
,
9
.08
%
,
10/19/24
....
84
84
L1828554.UP.FTS.B
,
9
.21
%
,
10/19/24
....
141
141
L1880929.UP.FTS.B
,
9
.86
%
,
10/19/24
....
475
473
L1877810.UP.FTS.B
,
10
.5
%
,
10/19/24
....
211
210
FW1880015.UP.FTS.B
,
10
.71
%
,
10/19/24
.
2,185
2,130
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)
Upstart
Network,
Inc.
(continued)
FW1880412.UP.FTS.B
,
11
.4
%
,
10/19/24
..
$
970
$
967
FW1881446.UP.FTS.B
,
11
.54
%
,
10/19/24
.
97
97
L1879230.UP.FTS.B
,
12
.91
%
,
10/19/24
...
633
632
L1881269.UP.FTS.B
,
13
.94
%
,
10/19/24
...
267
268
L1878015.UP.FTS.B
,
14
.68
%
,
10/19/24
...
101
101
L1876177.UP.FTS.B
,
16
.95
%
,
10/19/24
...
104
104
FW1880539.UP.FTS.B
,
18
.7
%
,
10/19/24
..
373
374
FW1877508.UP.FTS.B
,
20
.09
%
,
10/19/24
.
771
756
L1880362.UP.FTS.B
,
23
.34
%
,
10/19/24
...
139
136
FW1877656.UP.FTS.B
,
23
.66
%
,
10/19/24
.
74
74
FW1877532.UP.FTS.B
,
24
.41
%
,
10/19/24
.
326
327
FW1881583.UP.FTS.B
,
25
.39
%
,
10/19/24
.
575
577
FW1879233.UP.FTS.B
,
26
.7
%
,
10/19/24
..
117
117
FW1880823.UP.FTS.B
,
27
.61
%
,
10/19/24
.
416
417
FW1873483.UP.FTS.B
,
27
.95
%
,
10/19/24
.
166
166
FW1875773.UP.FTS.B
,
28
.85
%
,
10/19/24
.
720
723
FW1877220.UP.FTS.B
,
29
.16
%
,
10/19/24
.
194
195
L1877399.UP.FTS.B
,
18
.99
%
,
10/28/24
...
107
107
L1843265.UP.FTS.B
,
9
.92
%
,
11/01/24
....
1,521
1,516
L1876918.UP.FTS.B
,
23
.43
%
,
11/01/24
...
210
211
FW1991266.UP.FTS.B
,
5
.75
%
,
11/08/24
..
726
721
L1996492.UP.FTS.B
,
5
.82
%
,
11/08/24
....
300
297
L1994177.UP.FTS.B
,
6
.01
%
,
11/08/24
....
1,302
478
FW1997734.UP.FTS.B
,
6
.36
%
,
11/08/24
..
993
986
L1991938.UP.FTS.B
,
7
.13
%
,
11/08/24
....
1,065
1,058
L1989289.UP.FTS.B
,
9
.6
%
,
11/08/24
.....
338
337
FW1988815.UP.FTS.B
,
10
.61
%
,
11/08/24
.
191
190
L1990488.UP.FTS.B
,
10
.69
%
,
11/08/24
...
1,792
1,786
L1990483.UP.FTS.B
,
10
.71
%
,
11/08/24
...
125
124
L1989128.UP.FTS.B
,
11
.31
%
,
11/08/24
...
320
320
L1997576.UP.FTS.B
,
11
.59
%
,
11/08/24
...
86
85
L1998240.UP.FTS.B
,
14
.07
%
,
11/08/24
...
2,386
2,394
FW1989018.UP.FTS.B
,
14
.66
%
,
11/08/24
.
1,201
1,205
FW1999553.UP.FTS.B
,
14
.97
%
,
11/08/24
.
172
127
L1990825.UP.FTS.B
,
15
.23
%
,
11/08/24
...
1,176
86
FW1991866.UP.FTS.B
,
15
.28
%
,
11/08/24
.
1,010
1,014
L1989094.UP.FTS.B
,
15
.37
%
,
11/08/24
...
161
162
L1992799.UP.FTS.B
,
15
.97
%
,
11/08/24
...
678
680
L1994442.UP.FTS.B
,
16
.18
%
,
11/08/24
...
272
273
L1969331.UP.FTS.B
,
16
.28
%
,
11/08/24
...
136
137
L1987185.UP.FTS.B
,
17
.72
%
,
11/08/24
...
150
149
FW1991976.UP.FTS.B
,
18
.69
%
,
11/08/24
.
588
590
FW1998538.UP.FTS.B
,
20
.31
%
,
11/08/24
.
674
676
L1999186.UP.FTS.B
,
20
.9
%
,
11/08/24
....
493
495
L1990534.UP.FTS.B
,
22
.07
%
,
11/08/24
...
1,485
1,488
FW1989573.UP.FTS.B
,
22
.36
%
,
11/08/24
.
219
220
L1994045.UP.FTS.B
,
22
.76
%
,
11/08/24
...
397
398
L1992601.UP.FTS.B
,
23
.37
%
,
11/08/24
...
101
100
L1995328.UP.FTS.B
,
23
.72
%
,
11/08/24
...
1,578
113
FW1998906.UP.FTS.B
,
25
.05
%
,
11/08/24
.
303
301
FW1990565.UP.FTS.B
,
26
.42
%
,
11/08/24
.
413
414
FW1990425.UP.FTS.B
,
27
.28
%
,
11/08/24
.
1,798
129
FW1997204.UP.FTS.B
,
28
.06
%
,
11/08/24
.
748
751
FW1999260.UP.FTS.B
,
28
.83
%
,
11/08/24
.
1,720
1,725
FW1989730.UP.FTS.B
,
9
.3
%
,
11/10/24
...
1,865
1,858
L2075196.UP.FTS.B
,
6
.5
%
,
11/18/24
.....
182
180
L2071075.UP.FTS.B
,
6
.65
%
,
11/18/24
....
857
851
L2067255.UP.FTS.B
,
7
.27
%
,
11/18/24
....
1,989
1,928
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2074717.UP.FTS.B
,
9
.11
%
,
11/18/24
....
$
999
$
996
L2071958.UP.FTS.B
,
10
.19
%
,
11/18/24
...
847
292
L2042230.UP.FTS.B
,
10
.36
%
,
11/18/24
...
152
152
L2069761.UP.FTS.B
,
11
.37
%
,
11/18/24
...
220
213
L2073296.UP.FTS.B
,
11
.88
%
,
11/18/24
...
283
281
L2074825.UP.FTS.B
,
11
.88
%
,
11/18/24
...
232
232
L2069517.UP.FTS.B
,
12
.06
%
,
11/18/24
...
1,620
1,574
L2074624.UP.FTS.B
,
14
.71
%
,
11/18/24
...
401
403
L2070735.UP.FTS.B
,
15
.91
%
,
11/18/24
...
1,489
1,498
L2070764.UP.FTS.B
,
16
.31
%
,
11/18/24
...
342
343
L2070361.UP.FTS.B
,
16
.86
%
,
11/18/24
...
1,104
1,109
L2043746.UP.FTS.B
,
18
%
,
11/18/24
.....
835
839
L2075163.UP.FTS.B
,
19
.13
%
,
11/18/24
...
770
774
L2070689.UP.FTS.B
,
19
.39
%
,
11/18/24
...
1,421
1,427
L2074866.UP.FTS.B
,
20
.36
%
,
11/18/24
...
142
141
L2069989.UP.FTS.B
,
21
.94
%
,
11/18/24
...
925
928
FW2074575.UP.FTS.B
,
21
.98
%
,
11/18/24
.
726
732
L2075360.UP.FTS.B
,
22
.53
%
,
11/18/24
...
146
147
L2071339.UP.FTS.B
,
23
.22
%
,
11/18/24
...
1,445
1,455
FW2074738.UP.FTS.B
,
25
.07
%
,
11/18/24
.
607
610
FW2072771.UP.FTS.B
,
26
.31
%
,
11/18/24
.
133
134
FW2073544.UP.FTS.B
,
26
.86
%
,
11/18/24
.
307
309
FW2074174.UP.FTS.B
,
27
.6
%
,
11/18/24
..
187
188
FW2074605.UP.FTS.B
,
29
%
,
11/18/24
...
565
568
L1998424.UP.FTS.B
,
19
%
,
11/23/24
.....
708
710
L2215514.UP.FTS.B
,
6
.51
%
,
12/09/24
....
1,041
1,033
L2218454.UP.FTS.B
,
6
.62
%
,
12/09/24
....
483
480
L2218367.UP.FTS.B
,
9
.23
%
,
12/09/24
....
156
155
FW2216772.UP.FTS.B
,
10
.45
%
,
12/09/24
.
397
395
L2218057.UP.FTS.B
,
12
.68
%
,
12/09/24
...
662
661
L2214428.UP.FTS.B
,
14
.33
%
,
12/09/24
...
499
500
FW2215617.UP.FTS.B
,
17
.98
%
,
12/09/24
.
505
508
L2217273.UP.FTS.B
,
18
.07
%
,
12/09/24
...
359
360
FW2217838.UP.FTS.B
,
18
.43
%
,
12/09/24
.
1,967
1,962
L2216494.UP.FTS.B
,
18
.54
%
,
12/09/24
...
2,535
2,543
L2215879.UP.FTS.B
,
21
.14
%
,
12/09/24
...
577
577
L2214773.UP.FTS.B
,
21
.94
%
,
12/09/24
...
596
598
L2215694.UP.FTS.B
,
22
.23
%
,
12/09/24
...
1,086
1,093
L2217794.UP.FTS.B
,
22
.85
%
,
12/09/24
...
143
142
L2217826.UP.FTS.B
,
23
.12
%
,
12/09/24
...
1,270
19
FW2194665.UP.FTS.B
,
23
.32
%
,
12/09/24
.
216
218
L2219730.UP.FTS.B
,
6
.81
%
,
12/10/24
....
1,514
1,503
L2221277.UP.FTS.B
,
9
.11
%
,
12/10/24
....
1,562
1,557
L2220268.UP.FTS.B
,
10
.33
%
,
12/10/24
...
789
787
L2220173.UP.FTS.B
,
10
.59
%
,
12/10/24
...
305
304
L2220491.UP.FTS.B
,
10
.62
%
,
12/10/24
...
158
158
L2221024.UP.FTS.B
,
11
.5
%
,
12/10/24
....
689
688
FW2221592.UP.FTS.B
,
12
.68
%
,
12/10/24
.
595
593
FW2219902.UP.FTS.B
,
15
.07
%
,
12/10/24
.
2,505
2,518
L2219054.UP.FTS.B
,
16
.23
%
,
12/10/24
...
933
937
FW2220767.UP.FTS.B
,
16
.93
%
,
12/10/24
.
597
600
L2222176.UP.FTS.B
,
17
.82
%
,
12/10/24
...
517
520
FW2219362.UP.FTS.B
,
18
.87
%
,
12/10/24
.
785
789
L2220530.UP.FTS.B
,
19
.78
%
,
12/10/24
...
484
486
L2222285.UP.FTS.B
,
19
.82
%
,
12/10/24
...
127
127
L2219790.UP.FTS.B
,
20
.59
%
,
12/10/24
...
921
925
L2221774.UP.FTS.B
,
21
.93
%
,
12/10/24
...
2,219
1,577
FW2219561.UP.FTS.B
,
22
.18
%
,
12/10/24
.
453
455
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)
Upstart
Network,
Inc.
(continued)
L2221302.UP.FTS.B
,
22
.2
%
,
12/10/24
....
$
2,112
$
341
L2219861.UP.FTS.B
,
23
.85
%
,
12/10/24
...
1,032
1,039
FW2221043.UP.FTS.B
,
26
.33
%
,
12/10/24
.
1,200
891
L2220175.UP.FTS.B
,
12
.44
%
,
12/25/24
...
651
651
L2219716.UP.FTS.B
,
17
.42
%
,
12/25/24
...
1,005
1,011
L1612705.UP.FTS.B
,
21
.91
%
,
1/23/25
....
1,753
126
FW1611995.UP.FTS.B
,
26
.04
%
,
1/23/25
..
1,310
1,324
FW1611967.UP.FTS.B
,
27
.5
%
,
1/23/25
...
1,922
292
FW1618121.UP.FTS.B
,
27
.49
%
,
1/24/25
..
3,044
35
FW1615843.UP.FTS.B
,
29
.08
%
,
1/24/25
..
322
314
FW1619402.UP.FTS.B
,
29
.13
%
,
1/25/25
..
562
567
L1876344.UP.FTS.B
,
21
.57
%
,
3/19/25
....
866
870
L1996950.UP.FTS.B
,
14
.91
%
,
4/08/25
....
1,968
96
FW1996652.UP.FTS.B
,
20
.84
%
,
4/08/25
..
429
432
L1989183.UP.FTS.B
,
20
.95
%
,
4/08/25
....
5,698
166
L1992210.UP.FTS.B
,
21
.73
%
,
4/16/25
....
995
307
FW2060208.UP.FTS.B
,
8
.38
%
,
4/18/25
...
1,214
191
L2074442.UP.FTS.B
,
9
.61
%
,
4/18/25
....
1,033
1,031
L2072070.UP.FTS.B
,
14
.5
%
,
4/18/25
....
975
983
L2071251.UP.FTS.B
,
17
.57
%
,
4/18/25
....
365
353
L1959123.UP.FTS.B
,
23
.14
%
,
4/18/25
....
1,887
109
FW2071617.UP.FTS.B
,
24
.28
%
,
4/18/25
..
3,464
3,355
L2215619.UP.FTS.B
,
17
.97
%
,
5/09/25
....
1,028
75
FW2216954.UP.FTS.B
,
19
.2
%
,
5/09/25
...
2,204
1,389
L2215113.UP.FTS.B
,
19
.57
%
,
5/09/25
....
1,061
1,067
L2214186.UP.FTS.B
,
22
.58
%
,
5/09/25
....
815
817
L2218938.UP.FTS.B
,
7
.83
%
,
5/10/25
....
2,100
2,093
L2220009.UP.FTS.B
,
18
.38
%
,
5/10/25
....
1,158
76
FW2221895.UP.FTS.B
,
22
.51
%
,
5/10/25
..
1,777
1,785
FW2219263.UP.FTS.B
,
25
.61
%
,
5/10/25
..
2,440
2,448
L1707019.UP.FTS.B
,
22
.94
%
,
7/28/25
....
3,940
3,935
L2000015.UP.FTS.B
,
20
.73
%
,
9/08/25
....
404
251
L1994247.UP.FTS.B
,
23
.34
%
,
9/08/25
....
668
669
L2215156.UP.FTS.B
,
18
.88
%
,
10/09/25
...
2,981
425
L1410769.UP.FTS.B
,
17
.3
%
,
7/09/26
....
2,307
2,319
L1410682.UP.FTS.B
,
18
.43
%
,
7/09/26
....
4,653
4,676
L1410871.UP.FTS.B
,
19
.36
%
,
7/09/26
....
2,070
2,080
L1406959.UP.FTS.B
,
19
.7
%
,
7/09/26
....
1,283
1,289
FW1410862.UP.FTS.B
,
30
.65
%
,
7/09/26
..
1,226
1,243
L1612245.UP.FTS.B
,
7
.13
%
,
8/23/26
....
2,201
2,186
L1612759.UP.FTS.B
,
7
.7
%
,
8/23/26
.....
2,550
2,538
L1613031.UP.FTS.B
,
10
.95
%
,
8/23/26
....
8,462
8,445
L1613160.UP.FTS.B
,
11
.35
%
,
8/23/26
....
15,203
14,437
L1612983.UP.FTS.B
,
11
.8
%
,
8/23/26
.....
25,701
24,411
L1612198.UP.FTS.B
,
11
.94
%
,
8/23/26
....
6,286
6,283
L1606587.UP.FTS.B
,
14
.39
%
,
8/23/26
....
25,137
25,136
L1612751.UP.FTS.B
,
14
.6
%
,
8/23/26
....
9,092
663
L1611811.UP.FTS.B
,
15
.17
%
,
8/23/26
....
10,546
10,086
L1612462.UP.FTS.B
,
18
.65
%
,
8/23/26
....
5,137
5,179
FW1613143.UP.FTS.B
,
19
.39
%
,
8/23/26
..
10,689
10,790
L1612696.UP.FTS.B
,
19
.76
%
,
8/23/26
....
6,281
1,786
L1611808.UP.FTS.B
,
20
.24
%
,
8/23/26
....
5,395
5,484
FW1613287.UP.FTS.B
,
21
.05
%
,
8/23/26
..
1,633
1,663
L1611961.UP.FTS.B
,
21
.45
%
,
8/23/26
....
3,008
3,057
L1612389.UP.FTS.B
,
21
.85
%
,
8/23/26
....
3,484
3,516
FW1613265.UP.FTS.B
,
23
.28
%
,
8/23/26
..
3,346
3,402
L1612902.UP.FTS.B
,
24
.91
%
,
8/23/26
....
8,981
1,350
L1605896.UP.FTS.B
,
25
.03
%
,
8/23/26
....
17,892
17,358
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L1612867.UP.FTS.B
,
25
.04
%
,
8/23/26
....
$
1,022
$
1,039
L1611991.UP.FTS.B
,
25
.15
%
,
8/23/26
....
398
381
L1612115.UP.FTS.B
,
25
.2
%
,
8/23/26
.....
807
58
L1612430.UP.FTS.B
,
25
.3
%
,
8/23/26
....
626
637
L1610778.UP.FTS.B
,
25
.4
%
,
8/23/26
....
2,395
2,438
L1612475.UP.FTS.B
,
25
.7
%
,
8/23/26
....
798
794
L1613041.UP.FTS.B
,
26
.53
%
,
8/23/26
....
3,280
3,325
FW1613053.UP.FTS.B
,
30
.42
%
,
8/23/26
..
99
98
FW1612948.UP.FTS.B
,
30
.7
%
,
8/23/26
...
6,004
6,104
FW1598463.UP.FTS.B
,
30
.71
%
,
8/23/26
..
9,054
9,209
FW1612884.UP.FTS.B
,
30
.9
%
,
8/23/26
...
1,764
515
FW1614135.UP.FTS.B
,
6
%
,
8/24/26
.....
8,227
8,412
L1613929.UP.FTS.B
,
6
.38
%
,
8/24/26
....
6,834
6,785
L1613779.UP.FTS.B
,
8
.38
%
,
8/24/26
....
6,555
6,525
L1614080.UP.FTS.B
,
9
.53
%
,
8/24/26
....
1,415
1,409
L1613335.UP.FTS.B
,
10
.66
%
,
8/24/26
....
723
720
L1615613.UP.FTS.B
,
11
.71
%
,
8/24/26
....
3,126
3,123
L1617085.UP.FTS.B
,
12
.5
%
,
8/24/26
....
6,232
6,229
L1613838.UP.FTS.B
,
13
.27
%
,
8/24/26
....
494
494
L1615725.UP.FTS.B
,
13
.27
%
,
8/24/26
....
2,875
750
L1617795.UP.FTS.B
,
13
.57
%
,
8/24/26
....
12,488
12,477
L1614941.UP.FTS.B
,
13
.72
%
,
8/24/26
....
4,739
4,735
FW1614076.UP.FTS.B
,
14
.66
%
,
8/24/26
..
5,021
5,021
L1617016.UP.FTS.B
,
15
.82
%
,
8/24/26
....
8,927
8,983
L1616977.UP.FTS.B
,
16
.49
%
,
8/24/26
....
1,327
1,330
L1617004.UP.FTS.B
,
16
.62
%
,
8/24/26
....
3,212
3,072
L1613683.UP.FTS.B
,
16
.65
%
,
8/24/26
....
3,315
3,335
FW1613769.UP.FTS.B
,
16
.69
%
,
8/24/26
..
2,581
2,606
L1616581.UP.FTS.B
,
16
.94
%
,
8/24/26
....
1,544
1,553
L1614751.UP.FTS.B
,
17
.63
%
,
8/24/26
....
7,802
7,875
L1614375.UP.FTS.B
,
18
.88
%
,
8/24/26
....
4,252
4,284
L1616929.UP.FTS.B
,
19
.05
%
,
8/24/26
....
5,325
5,366
L1613574.UP.FTS.B
,
19
.14
%
,
8/24/26
....
1,599
1,614
L1618259.UP.FTS.B
,
19
.27
%
,
8/24/26
....
4,271
4,343
L1617047.UP.FTS.B
,
19
.37
%
,
8/24/26
....
532
529
L1617537.UP.FTS.B
,
20
.26
%
,
8/24/26
....
1,997
2,016
L1613128.UP.FTS.B
,
21
.09
%
,
8/24/26
....
28,088
27,012
L1614925.UP.FTS.B
,
21
.15
%
,
8/24/26
....
494
501
FW1617037.UP.FTS.B
,
21
.16
%
,
8/24/26
..
5,710
5,542
L1617008.UP.FTS.B
,
21
.28
%
,
8/24/26
....
1,750
1,780
FW1617548.UP.FTS.B
,
21
.5
%
,
8/24/26
...
2,626
2,670
L1615113.UP.FTS.B
,
21
.5
%
,
8/24/26
.....
1,749
1,777
FW1616680.UP.FTS.B
,
21
.59
%
,
8/24/26
..
6,571
6,621
FW1615331.UP.FTS.B
,
21
.76
%
,
8/24/26
..
13,231
13,460
L1613261.UP.FTS.B
,
22
.8
%
,
8/24/26
....
2,171
155
L1617314.UP.FTS.B
,
23
.08
%
,
8/24/26
....
1,370
1,395
FW1614723.UP.FTS.B
,
23
.32
%
,
8/24/26
..
8,366
8,525
FW1614111.UP.FTS.B
,
23
.36
%
,
8/24/26
..
6,695
6,822
L1617338.UP.FTS.B
,
23
.46
%
,
8/24/26
....
1,397
1,421
L1617363.UP.FTS.B
,
23
.46
%
,
8/24/26
....
4,381
4,406
FW1616273.UP.FTS.B
,
23
.5
%
,
8/24/26
...
530
539
L1615756.UP.FTS.B
,
23
.61
%
,
8/24/26
....
5,596
5,691
L1616072.UP.FTS.B
,
24
%
,
8/24/26
......
3,305
3,354
L1599086.UP.FTS.B
,
24
.44
%
,
8/24/26
....
4,441
4,522
FW1613731.UP.FTS.B
,
24
.96
%
,
8/24/26
..
11,740
1,809
L1617884.UP.FTS.B
,
24
.99
%
,
8/24/26
....
681
694
FW1616803.UP.FTS.B
,
25
.11
%
,
8/24/26
..
3,007
874
L1617253.UP.FTS.B
,
25
.15
%
,
8/24/26
....
7,958
8,093
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)
Upstart
Network,
Inc.
(continued)
FW1591289.UP.FTS.B
,
25
.18
%
,
8/24/26
..
$
1,934
$
1,966
L1613599.UP.FTS.B
,
25
.21
%
,
8/24/26
....
1,423
1,447
L1616132.UP.FTS.B
,
25
.25
%
,
8/24/26
....
683
694
L1614231.UP.FTS.B
,
25
.4
%
,
8/24/26
....
1,116
1,082
FW1618114.UP.FTS.B
,
25
.78
%
,
8/24/26
..
1,832
1,863
L1615232.UP.FTS.B
,
25
.93
%
,
8/24/26
....
2,464
2,505
FW1614557.UP.FTS.B
,
26
.33
%
,
8/24/26
..
8,214
579
FW1616600.UP.FTS.B
,
27
.4
%
,
8/24/26
...
4,230
4,304
FW1617924.UP.FTS.B
,
27
.4
%
,
8/24/26
...
4,652
4,731
FW1614841.UP.FTS.B
,
27
.56
%
,
8/24/26
..
1,634
1,663
FW1618115.UP.FTS.B
,
29
.51
%
,
8/24/26
..
6,952
7,079
FW1614066.UP.FTS.B
,
29
.58
%
,
8/24/26
..
3,233
3,289
FW1617836.UP.FTS.B
,
29
.73
%
,
8/24/26
..
2,382
2,423
FW1614632.UP.FTS.B
,
29
.76
%
,
8/24/26
..
1,039
72
FW1613869.UP.FTS.B
,
30
.42
%
,
8/24/26
..
779
792
FW1615250.UP.FTS.B
,
30
.57
%
,
8/24/26
..
1,080
1,096
FW1615073.UP.FTS.B
,
30
.97
%
,
8/24/26
..
1,808
1,839
FW1612909.UP.FTS.B
,
31
.01
%
,
8/24/26
..
699
709
FW1617590.UP.FTS.B
,
31
.04
%
,
8/24/26
..
1,703
265
FW1614110.UP.FTS.B
,
32
.03
%
,
8/24/26
..
2,413
2,450
FW1616102.UP.FTS.B
,
32
.95
%
,
8/24/26
..
2,822
2,870
L1619126.UP.FTS.B
,
9
.43
%
,
8/25/26
....
4,743
4,723
L1619565.UP.FTS.B
,
11
.35
%
,
8/25/26
....
3,936
3,934
L1619757.UP.FTS.B
,
12
.57
%
,
8/25/26
....
3,943
3,945
L1572047.UP.FTS.B
,
12
.99
%
,
8/25/26
....
3,035
3,033
L1620282.UP.FTS.B
,
13
.89
%
,
8/25/26
....
5,898
5,899
L1620912.UP.FTS.B
,
14
.91
%
,
8/25/26
....
2,538
2,537
L1620125.UP.FTS.B
,
15
.38
%
,
8/25/26
....
510
513
FW1619311.UP.FTS.B
,
16
.02
%
,
8/25/26
..
3,078
3,099
L1619826.UP.FTS.B
,
16
.95
%
,
8/25/26
....
8,463
2,344
FW1619065.UP.FTS.B
,
16
.98
%
,
8/25/26
..
13,005
13,075
L1619610.UP.FTS.B
,
17
.18
%
,
8/25/26
....
2,578
2,604
L1620043.UP.FTS.B
,
17
.72
%
,
8/25/26
....
1,623
1,623
FW1618685.UP.FTS.B
,
19
.7
%
,
8/25/26
...
6,137
431
FW1618558.UP.FTS.B
,
20
.33
%
,
8/25/26
..
3,136
3,162
L1618616.UP.FTS.B
,
21
.44
%
,
8/25/26
....
5,471
5,569
FW1620348.UP.FTS.B
,
22
.68
%
,
8/25/26
..
1,949
1,961
FW1619947.UP.FTS.B
,
22
.69
%
,
8/25/26
..
893
894
L1620763.UP.FTS.B
,
23
.08
%
,
8/25/26
....
3,007
3,061
L1620526.UP.FTS.B
,
23
.25
%
,
8/25/26
....
1,115
1,135
L1619251.UP.FTS.B
,
24
.92
%
,
8/25/26
....
1,247
1,272
L1619746.UP.FTS.B
,
25
.05
%
,
8/25/26
....
3,538
3,603
L1621031.UP.FTS.B
,
25
.07
%
,
8/25/26
....
3,408
3,469
L1619585.UP.FTS.B
,
25
.33
%
,
8/25/26
....
4,157
4,232
L1618792.UP.FTS.B
,
25
.43
%
,
8/25/26
....
1,938
1,973
FW1620759.UP.FTS.B
,
25
.44
%
,
8/25/26
..
2,281
2,322
L1621068.UP.FTS.B
,
25
.46
%
,
8/25/26
....
2,395
2,438
FW1617532.UP.FTS.B
,
25
.68
%
,
8/25/26
..
1,714
1,745
L1620151.UP.FTS.B
,
26
.66
%
,
8/25/26
....
8,806
8,953
L1612935.UP.FTS.B
,
25
.45
%
,
9/01/26
....
1,169
–
L1706771.UP.FTS.B
,
9
.86
%
,
9/13/26
....
8,889
8,873
FW1703655.UP.FTS.B
,
10
.14
%
,
9/13/26
..
2,237
2,231
FW1705224.UP.FTS.B
,
10
.49
%
,
9/13/26
..
12,442
12,420
L1694396.UP.FTS.B
,
11
.41
%
,
9/13/26
....
5,062
5,049
L1706158.UP.FTS.B
,
11
.42
%
,
9/13/26
....
2,013
2,010
L1706444.UP.FTS.B
,
12
.27
%
,
9/13/26
....
3,051
3,046
L1704834.UP.FTS.B
,
12
.73
%
,
9/13/26
....
4,618
4,606
FW1704921.UP.FTS.B
,
13
.23
%
,
9/13/26
..
931
928
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L1705580.UP.FTS.B
,
14
.66
%
,
9/13/26
....
$
9,676
$
9,708
L1706707.UP.FTS.B
,
14
.84
%
,
9/13/26
....
10,480
10,462
L1706806.UP.FTS.B
,
15
.22
%
,
9/13/26
....
4,106
4,099
L1705731.UP.FTS.B
,
15
.3
%
,
9/13/26
....
8,498
8,514
FW1705595.UP.FTS.B
,
15
.51
%
,
9/13/26
..
7,885
7,910
FW1701565.UP.FTS.B
,
15
.8
%
,
9/13/26
...
11,419
6,630
L1706683.UP.FTS.B
,
16
.01
%
,
9/13/26
....
1,274
1,272
L1705287.UP.FTS.B
,
16
.2
%
,
9/13/26
....
6,121
6,141
L1705598.UP.FTS.B
,
17
.01
%
,
9/13/26
....
1,557
1,563
FW1706882.UP.FTS.B
,
17
.33
%
,
9/13/26
..
2,500
2,504
L1699552.UP.FTS.B
,
17
.37
%
,
9/13/26
....
2,265
2,278
L1706066.UP.FTS.B
,
18
.08
%
,
9/13/26
....
3,084
3,079
L1705021.UP.FTS.B
,
18
.29
%
,
9/13/26
....
4,404
4,423
FW1701942.UP.FTS.B
,
19
.32
%
,
9/13/26
..
8,271
8,302
L1705864.UP.FTS.B
,
19
.54
%
,
9/13/26
....
18,288
5,116
L1705415.UP.FTS.B
,
19
.86
%
,
9/13/26
....
5,130
5,156
L1699219.UP.FTS.B
,
19
.88
%
,
9/13/26
....
7,769
7,867
L1706913.UP.FTS.B
,
20
.18
%
,
9/13/26
....
4,078
4,136
L1706223.UP.FTS.B
,
20
.97
%
,
9/13/26
....
8,957
5,308
L1706832.UP.FTS.B
,
21
.04
%
,
9/13/26
....
3,292
3,337
L1706013.UP.FTS.B
,
21
.25
%
,
9/13/26
....
5,059
5,088
FW1705757.UP.FTS.B
,
21
.7
%
,
9/13/26
...
2,033
2,063
L1706836.UP.FTS.B
,
21
.71
%
,
9/13/26
....
3,387
3,391
L1706178.UP.FTS.B
,
22
.1
%
,
9/13/26
....
1,985
2,015
L1706147.UP.FTS.B
,
23
.21
%
,
9/13/26
....
2,873
2,909
L1706970.UP.FTS.B
,
23
.23
%
,
9/13/26
....
1,280
56
L1706443.UP.FTS.B
,
23
.44
%
,
9/13/26
....
1,746
1,769
L1706931.UP.FTS.B
,
24
.04
%
,
9/13/26
....
694
704
L1706350.UP.FTS.B
,
24
.39
%
,
9/13/26
....
12,211
7,239
L1706467.UP.FTS.B
,
24
.5
%
,
9/13/26
....
739
741
L1705774.UP.FTS.B
,
24
.52
%
,
9/13/26
....
4,660
4,719
L1699725.UP.FTS.B
,
24
.98
%
,
9/13/26
....
1,113
1,127
L1705130.UP.FTS.B
,
24
.98
%
,
9/13/26
....
1,752
1,778
L1705055.UP.FTS.B
,
24
.99
%
,
9/13/26
....
1,075
1,087
FW1694399.UP.FTS.B
,
25
.04
%
,
9/13/26
..
1,880
536
L1706179.UP.FTS.B
,
25
.28
%
,
9/13/26
....
761
766
L1705964.UP.FTS.B
,
25
.31
%
,
9/13/26
....
3,010
3,049
L1671620.UP.FTS.B
,
25
.49
%
,
9/13/26
....
2,216
159
L1707003.UP.FTS.B
,
25
.5
%
,
9/13/26
....
998
1,012
FW1705410.UP.FTS.B
,
26
.37
%
,
9/13/26
..
11,065
11,195
L1706122.UP.FTS.B
,
26
.74
%
,
9/13/26
....
3,385
3,390
FW1706840.UP.FTS.B
,
26
.82
%
,
9/13/26
..
21,479
21,750
FW1705300.UP.FTS.B
,
26
.94
%
,
9/13/26
..
1,309
1,328
FW1706600.UP.FTS.B
,
28
.17
%
,
9/13/26
..
5,332
–
FW1705464.UP.FTS.B
,
28
.92
%
,
9/13/26
..
4,548
4,615
FW1706055.UP.FTS.B
,
29
.52
%
,
9/13/26
..
1,066
1,080
FW1706229.UP.FTS.B
,
30
.24
%
,
9/13/26
..
2,737
2,776
FW1705888.UP.FTS.B
,
30
.31
%
,
9/13/26
..
1,813
1,837
FW1705881.UP.FTS.B
,
30
.81
%
,
9/13/26
..
3,352
968
FW1705876.UP.FTS.B
,
30
.83
%
,
9/13/26
..
1,050
1,065
FW1706907.UP.FTS.B
,
30
.87
%
,
9/13/26
..
1,111
1,127
FW1706713.UP.FTS.B
,
30
.93
%
,
9/13/26
..
3,586
3,638
FW1704990.UP.FTS.B
,
31
.11
%
,
9/13/26
..
766
773
FW1706597.UP.FTS.B
,
31
.11
%
,
9/13/26
..
1,175
1,192
FW1706293.UP.FTS.B
,
31
.37
%
,
9/13/26
..
1,126
1,130
FW1703542.UP.FTS.B
,
31
.45
%
,
9/13/26
..
15,468
15,654
FW1706420.UP.FTS.B
,
32
.09
%
,
9/13/26
..
3,056
3,101
FW1706656.UP.FTS.B
,
29
.5
%
,
9/15/26
...
1,196
1,212
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)
Upstart
Network,
Inc.
(continued)
FW1705213.UP.FTS.B
,
29
.91
%
,
9/28/26
..
$
4,156
$
1,203
FW1705791.UP.FTS.B
,
30
.47
%
,
9/28/26
..
3,226
3,265
L1877184.UP.FTS.B
,
9
.06
%
,
10/19/26
....
4,579
4,558
L1851771.UP.FTS.B
,
9
.22
%
,
10/19/26
....
1,774
1,766
L1878256.UP.FTS.B
,
9
.69
%
,
10/19/26
....
4,053
4,036
L1880702.UP.FTS.B
,
9
.87
%
,
10/19/26
....
8,892
8,847
L1875318.UP.FTS.B
,
10
.07
%
,
10/19/26
...
3,043
2,961
FW1879016.UP.FTS.B
,
10
.84
%
,
10/19/26
.
12,924
12,895
L1881256.UP.FTS.B
,
11
.03
%
,
10/19/26
...
6,135
6,126
L1878336.UP.FTS.B
,
11
.06
%
,
10/19/26
...
675
671
L1879834.UP.FTS.B
,
11
.35
%
,
10/19/26
...
13,322
12,640
L1879823.UP.FTS.B
,
11
.68
%
,
10/19/26
...
10,706
10,683
FW1878185.UP.FTS.B
,
13
.38
%
,
10/19/26
.
21,300
21,254
L1879789.UP.FTS.B
,
13
.49
%
,
10/19/26
...
10,838
10,796
L1878258.UP.FTS.B
,
14
.16
%
,
10/19/26
...
4,494
4,263
L1877450.UP.FTS.B
,
14
.9
%
,
10/19/26
....
2,024
2,020
L1880586.UP.FTS.B
,
15
.78
%
,
10/19/26
...
4,109
4,119
L1864741.UP.FTS.B
,
16
.15
%
,
10/19/26
...
3,314
3,322
L1881295.UP.FTS.B
,
16
.28
%
,
10/19/26
...
4,225
1,150
L1878278.UP.FTS.B
,
16
.38
%
,
10/19/26
...
5,506
5,529
L1877933.UP.FTS.B
,
16
.4
%
,
10/19/26
....
1,536
1,532
L1860514.UP.FTS.B
,
16
.68
%
,
10/19/26
...
6,372
1,753
L1878027.UP.FTS.B
,
16
.7
%
,
10/19/26
....
5,426
5,445
L1881555.UP.FTS.B
,
17
.31
%
,
10/19/26
...
3,639
3,657
FW1876338.UP.FTS.B
,
17
.58
%
,
10/19/26
.
2,008
2,016
FW1881188.UP.FTS.B
,
17
.77
%
,
10/19/26
.
1,438
1,433
L1879412.UP.FTS.B
,
17
.84
%
,
10/19/26
...
2,815
2,814
L1880095.UP.FTS.B
,
17
.84
%
,
10/19/26
...
8,390
8,382
L1880587.UP.FTS.B
,
18
.12
%
,
10/19/26
...
2,244
2,253
L1871080.UP.FTS.B
,
18
.23
%
,
10/19/26
...
3,385
3,402
FW1881398.UP.FTS.B
,
18
.35
%
,
10/19/26
.
1,963
1,971
FW1877226.UP.FTS.B
,
19
.27
%
,
10/19/26
.
7,109
7,211
L1879198.UP.FTS.B
,
19
.39
%
,
10/19/26
...
7,264
7,300
L1876835.UP.FTS.B
,
19
.58
%
,
10/19/26
...
570
574
L1877523.UP.FTS.B
,
19
.9
%
,
10/19/26
....
3,499
3,350
L1871750.UP.FTS.B
,
19
.96
%
,
10/19/26
...
3,412
3,466
FW1880709.UP.FTS.B
,
20
.07
%
,
10/19/26
.
4,009
4,018
L1876035.UP.FTS.B
,
20
.11
%
,
10/19/26
...
2,291
2,328
L1877722.UP.FTS.B
,
20
.57
%
,
10/19/26
...
9,745
9,318
FW1880186.UP.FTS.B
,
20
.64
%
,
10/19/26
.
3,203
3,253
L1881182.UP.FTS.B
,
21
.66
%
,
10/19/26
...
3,190
3,202
L1881025.UP.FTS.B
,
21
.78
%
,
10/19/26
...
22,746
22,874
L1877982.UP.FTS.B
,
21
.8
%
,
10/19/26
....
613
607
FW1878006.UP.FTS.B
,
22
.44
%
,
10/19/26
.
7,039
7,137
FW1875013.UP.FTS.B
,
22
.78
%
,
10/19/26
.
5,296
5,381
L1877299.UP.FTS.B
,
22
.84
%
,
10/19/26
...
7,067
7,181
FW1866351.UP.FTS.B
,
22
.85
%
,
10/19/26
.
1,472
1,496
FW1880160.UP.FTS.B
,
22
.89
%
,
10/19/26
.
2,981
3,019
L1876513.UP.FTS.B
,
22
.94
%
,
10/19/26
...
2,860
433
FW1880551.UP.FTS.B
,
23
.22
%
,
10/19/26
.
3,931
3,807
L1879610.UP.FTS.B
,
23
.28
%
,
10/19/26
...
4,409
1,267
FW1880088.UP.FTS.B
,
23
.43
%
,
10/19/26
.
5,449
5,536
FW1876728.UP.FTS.B
,
23
.57
%
,
10/19/26
.
8,574
8,695
L1880563.UP.FTS.B
,
24
.05
%
,
10/19/26
...
1,647
1,673
FW1877179.UP.FTS.B
,
24
.14
%
,
10/19/26
.
11,858
12,046
L1878749.UP.FTS.B
,
24
.6
%
,
10/19/26
....
2,394
2,433
L1881431.UP.FTS.B
,
24
.79
%
,
10/19/26
...
960
975
L1877594.UP.FTS.B
,
24
.95
%
,
10/19/26
...
2,104
2,133
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L1880129.UP.FTS.B
,
24
.99
%
,
10/19/26
...
$
2,074
$
2,106
L1877074.UP.FTS.B
,
25
.09
%
,
10/19/26
...
19,470
18,826
FW1881461.UP.FTS.B
,
25
.38
%
,
10/19/26
.
3,621
3,679
L1876477.UP.FTS.B
,
25
.39
%
,
10/19/26
...
2,113
2,147
L1876404.UP.FTS.B
,
25
.47
%
,
10/19/26
...
1,208
1,225
L1873948.UP.FTS.B
,
25
.57
%
,
10/19/26
...
6,047
6,144
L1880045.UP.FTS.B
,
25
.59
%
,
10/19/26
...
1,618
59
L1880707.UP.FTS.B
,
25
.7
%
,
10/19/26
....
1,547
111
FW1879167.UP.FTS.B
,
25
.8
%
,
10/19/26
..
584
592
L1879783.UP.FTS.B
,
25
.86
%
,
10/19/26
...
2,057
1,988
L1876834.UP.FTS.B
,
26
.05
%
,
10/19/26
...
9,688
9,824
FW1877802.UP.FTS.B
,
26
.08
%
,
10/19/26
.
4,573
4,638
FW1877751.UP.FTS.B
,
26
.95
%
,
10/19/26
.
2,463
2,498
FW1877173.UP.FTS.B
,
27
.96
%
,
10/19/26
.
6,794
1,017
FW1877218.UP.FTS.B
,
28
.56
%
,
10/19/26
.
6,209
6,308
FW1876795.UP.FTS.B
,
29
.56
%
,
10/19/26
.
2,007
2,039
FW1871822.UP.FTS.B
,
30
.64
%
,
10/19/26
.
6,335
6,424
FW1878098.UP.FTS.B
,
30
.84
%
,
10/19/26
.
761
773
FW1878489.UP.FTS.B
,
30
.93
%
,
10/19/26
.
1,007
973
FW1878804.UP.FTS.B
,
31
.02
%
,
10/19/26
.
1,412
1,418
FW1880218.UP.FTS.B
,
31
.05
%
,
10/19/26
.
116
114
FW1880229.UP.FTS.B
,
31
.05
%
,
10/19/26
.
890
904
FW1881168.UP.FTS.B
,
31
.09
%
,
10/19/26
.
1,323
1,280
FW1877253.UP.FTS.B
,
31
.23
%
,
10/19/26
.
175
12
FW1878691.UP.FTS.B
,
31
.38
%
,
10/19/26
.
9,910
2,892
FW1877716.UP.FTS.B
,
31
.6
%
,
10/19/26
..
2,554
2,595
FW1876495.UP.FTS.B
,
31
.7
%
,
10/19/26
..
4,089
4,155
FW1876692.UP.FTS.B
,
32
.21
%
,
10/19/26
.
5,969
6,065
FW1879021.UP.FTS.B
,
32
.25
%
,
10/19/26
.
3,923
3,981
L1879363.UP.FTS.B
,
23
.97
%
,
11/03/26
...
4,550
1,299
FW1876658.UP.FTS.B
,
27
.58
%
,
11/03/26
.
2,237
2,271
L1990756.UP.FTS.B
,
7
.18
%
,
11/08/26
....
6,132
6,099
L1990115.UP.FTS.B
,
8
.12
%
,
11/08/26
....
2,584
2,570
L1991806.UP.FTS.B
,
8
.35
%
,
11/08/26
....
359
355
L1994718.UP.FTS.B
,
8
.83
%
,
11/08/26
....
9,905
9,852
L1991230.UP.FTS.B
,
9
.13
%
,
11/08/26
....
13,148
13,075
L1996991.UP.FTS.B
,
9
.23
%
,
11/08/26
....
14,534
14,455
L1994652.UP.FTS.B
,
9
.68
%
,
11/08/26
....
9,476
9,425
L1993451.UP.FTS.B
,
9
.84
%
,
11/08/26
....
6,433
6,397
L1992632.UP.FTS.B
,
10
.14
%
,
11/08/26
...
2,858
2,850
L1996044.UP.FTS.B
,
10
.24
%
,
11/08/26
...
7,936
7,884
L1996355.UP.FTS.B
,
10
.29
%
,
11/08/26
...
6,892
6,872
L1992891.UP.FTS.B
,
10
.76
%
,
11/08/26
...
4,279
4,263
FW1995006.UP.FTS.B
,
10
.93
%
,
11/08/26
.
6,942
6,922
L1988958.UP.FTS.B
,
10
.98
%
,
11/08/26
...
802
799
L1994793.UP.FTS.B
,
11
.1
%
,
11/08/26
....
8,058
8,027
L1998866.UP.FTS.B
,
11
.49
%
,
11/08/26
...
9,130
9,104
L1996448.UP.FTS.B
,
11
.66
%
,
11/08/26
...
21,573
21,489
FW1993483.UP.FTS.B
,
11
.78
%
,
11/08/26
.
10,333
10,296
L1994627.UP.FTS.B
,
11
.81
%
,
11/08/26
...
3,236
3,219
L1999369.UP.FTS.B
,
11
.96
%
,
11/08/26
...
1,118
284
L1995371.UP.FTS.B
,
12
.23
%
,
11/08/26
...
2,168
2,162
L1995435.UP.FTS.B
,
12
.23
%
,
11/08/26
...
922
919
L1999575.UP.FTS.B
,
12
.84
%
,
11/08/26
...
600
599
L1989008.UP.FTS.B
,
12
.93
%
,
11/08/26
...
929
926
L1989940.UP.FTS.B
,
12
.93
%
,
11/08/26
...
1,529
1,525
L1996493.UP.FTS.B
,
13
.68
%
,
11/08/26
...
11,525
6,301
L1995820.UP.FTS.B
,
14
.08
%
,
11/08/26
...
4,912
4,894
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)
Upstart
Network,
Inc.
(continued)
L1993366.UP.FTS.B
,
14
.1
%
,
11/08/26
....
$
1,107
$
1,104
L1994789.UP.FTS.B
,
14
.19
%
,
11/08/26
...
3,877
3,866
FW1997293.UP.FTS.B
,
14
.33
%
,
11/08/26
.
2,773
2,765
L1995404.UP.FTS.B
,
14
.33
%
,
11/08/26
...
4,437
4,442
FW1992670.UP.FTS.B
,
14
.58
%
,
11/08/26
.
17,800
17,750
L1993869.UP.FTS.B
,
14
.59
%
,
11/08/26
...
3,370
3,346
L1991804.UP.FTS.B
,
14
.89
%
,
11/08/26
...
4,467
4,454
L1995379.UP.FTS.B
,
15
.15
%
,
11/08/26
...
3,917
3,907
FW1998913.UP.FTS.B
,
15
.22
%
,
11/08/26
.
2,483
2,485
L1994098.UP.FTS.B
,
15
.34
%
,
11/08/26
...
8,410
8,387
L1992261.UP.FTS.B
,
15
.59
%
,
11/08/26
...
1,574
1,570
FW1998360.UP.FTS.B
,
15
.76
%
,
11/08/26
.
4,873
156
FW1991255.UP.FTS.B
,
15
.82
%
,
11/08/26
.
6,483
6,465
FW1994230.UP.FTS.B
,
15
.86
%
,
11/08/26
.
2,256
2,258
L1992540.UP.FTS.B
,
16
%
,
11/08/26
.....
9,525
9,497
L1992970.UP.FTS.B
,
16
.04
%
,
11/08/26
...
8,405
8,412
L1989989.UP.FTS.B
,
16
.18
%
,
11/08/26
...
6,068
6,064
FW1992743.UP.FTS.B
,
16
.8
%
,
11/08/26
..
2,503
352
L1989606.UP.FTS.B
,
16
.9
%
,
11/08/26
....
2,280
2,283
L1993463.UP.FTS.B
,
16
.94
%
,
11/08/26
...
5,417
5,423
FW1999118.UP.FTS.B
,
17
.22
%
,
11/08/26
.
3,432
3,436
L1993764.UP.FTS.B
,
17
.26
%
,
11/08/26
...
858
856
FW1998398.UP.FTS.B
,
17
.48
%
,
11/08/26
.
2,854
2,856
L1991180.UP.FTS.B
,
17
.58
%
,
11/08/26
...
2,018
2,017
FW1995939.UP.FTS.B
,
17
.87
%
,
11/08/26
.
9,276
9,273
L1988482.UP.FTS.B
,
18
.26
%
,
11/08/26
...
4,509
4,523
FW1989355.UP.FTS.B
,
18
.43
%
,
11/08/26
.
11,083
11,079
L1996438.UP.FTS.B
,
18
.51
%
,
11/08/26
...
2,062
2,045
FW1997639.UP.FTS.B
,
18
.71
%
,
11/08/26
.
5,866
5,846
L1995842.UP.FTS.B
,
18
.87
%
,
11/08/26
...
2,036
2,030
L1998235.UP.FTS.B
,
19
.5
%
,
11/08/26
....
1,935
273
L1996217.UP.FTS.B
,
19
.54
%
,
11/08/26
...
2,687
2,695
L1998611.UP.FTS.B
,
20
.35
%
,
11/08/26
...
14,448
14,481
L1996185.UP.FTS.B
,
20
.69
%
,
11/08/26
...
2,962
2,965
L1988462.UP.FTS.B
,
20
.81
%
,
11/08/26
...
3,864
2,193
L1991281.UP.FTS.B
,
20
.82
%
,
11/08/26
...
1,305
1,309
L1994689.UP.FTS.B
,
21
.04
%
,
11/08/26
...
2,395
2,398
L1993906.UP.FTS.B
,
21
.28
%
,
11/08/26
...
3,714
268
L1989334.UP.FTS.B
,
21
.32
%
,
11/08/26
...
11,918
12,060
L1991956.UP.FTS.B
,
21
.37
%
,
11/08/26
...
1,193
1,195
L1989095.UP.FTS.B
,
21
.91
%
,
11/08/26
...
5,298
5,301
L1991663.UP.FTS.B
,
21
.95
%
,
11/08/26
...
6,202
6,274
FW1989899.UP.FTS.B
,
22
.28
%
,
11/08/26
.
1,668
1,687
L1991475.UP.FTS.B
,
22
.35
%
,
11/08/26
...
1,204
1,218
FW1998089.UP.FTS.B
,
22
.65
%
,
11/08/26
.
5,852
1,611
L1994202.UP.FTS.B
,
22
.77
%
,
11/08/26
...
37,558
10,233
FW1995331.UP.FTS.B
,
23
.11
%
,
11/08/26
.
2,573
2,561
FW1994811.UP.FTS.B
,
23
.15
%
,
11/08/26
.
6,309
6,325
L1999817.UP.FTS.B
,
23
.27
%
,
11/08/26
...
3,643
3,686
L1970963.UP.FTS.B
,
23
.87
%
,
11/08/26
...
3,349
3,385
L1989785.UP.FTS.B
,
23
.91
%
,
11/08/26
...
7,953
8,022
L1996843.UP.FTS.B
,
24
.19
%
,
11/08/26
...
6,125
6,197
FW1994028.UP.FTS.B
,
24
.21
%
,
11/08/26
.
4,289
4,339
L1997965.UP.FTS.B
,
24
.59
%
,
11/08/26
...
4,715
340
FW1991474.UP.FTS.B
,
24
.66
%
,
11/08/26
.
3,690
3,734
L1989848.UP.FTS.B
,
24
.75
%
,
11/08/26
...
4,848
4,895
FW1991387.UP.FTS.B
,
24
.97
%
,
11/08/26
.
2,638
2,666
L1991759.UP.FTS.B
,
24
.98
%
,
11/08/26
...
2,945
2,973
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L1991265.UP.FTS.B
,
25
.27
%
,
11/08/26
...
$
1,701
$
1,719
L1919784.UP.FTS.B
,
25
.31
%
,
11/08/26
...
6,932
7,013
L1995398.UP.FTS.B
,
25
.36
%
,
11/08/26
...
1,610
1,629
L1988232.UP.FTS.B
,
25
.43
%
,
11/08/26
...
893
883
L1973901.UP.FTS.B
,
25
.44
%
,
11/08/26
...
4,741
4,794
L1992549.UP.FTS.B
,
25
.44
%
,
11/08/26
...
6,269
6,333
L1967532.UP.FTS.B
,
25
.5
%
,
11/08/26
....
2,953
424
FW1994341.UP.FTS.B
,
25
.59
%
,
11/08/26
.
7,445
7,533
L1995984.UP.FTS.B
,
26
.08
%
,
11/08/26
...
1,521
428
L1992732.UP.FTS.B
,
26
.2
%
,
11/08/26
....
2,807
2,840
L1989312.UP.FTS.B
,
26
.43
%
,
11/08/26
...
2,376
2,404
FW1998563.UP.FTS.B
,
26
.46
%
,
11/08/26
.
1,546
1,563
FW1998048.UP.FTS.B
,
26
.92
%
,
11/08/26
.
1,570
1,589
L1990551.UP.FTS.B
,
26
.95
%
,
11/08/26
...
7,580
7,665
FW1997243.UP.FTS.B
,
26
.96
%
,
11/08/26
.
3,022
3,051
FW1994443.UP.FTS.B
,
27
.95
%
,
11/08/26
.
6,348
6,409
FW1994756.UP.FTS.B
,
28
%
,
11/08/26
...
2,209
2,235
FW1996342.UP.FTS.B
,
28
.14
%
,
11/08/26
.
4,443
4,495
FW1993779.UP.FTS.B
,
28
.2
%
,
11/08/26
..
9,523
9,635
FW1996228.UP.FTS.B
,
28
.64
%
,
11/08/26
.
7,768
7,837
FW1992877.UP.FTS.B
,
28
.84
%
,
11/08/26
.
626
624
FW1992839.UP.FTS.B
,
29
.33
%
,
11/08/26
.
3,589
252
FW1991541.UP.FTS.B
,
29
.36
%
,
11/08/26
.
3,847
3,892
FW1999851.UP.FTS.B
,
29
.4
%
,
11/08/26
..
3,215
3,246
FW1995866.UP.FTS.B
,
29
.41
%
,
11/08/26
.
2,080
2,103
FW1995850.UP.FTS.B
,
29
.69
%
,
11/08/26
.
703
712
FW1992347.UP.FTS.B
,
29
.82
%
,
11/08/26
.
19,314
19,541
FW1998032.UP.FTS.B
,
29
.86
%
,
11/08/26
.
2,897
2,917
FW1994293.UP.FTS.B
,
30
.31
%
,
11/08/26
.
919
929
FW1997312.UP.FTS.B
,
30
.32
%
,
11/08/26
.
647
655
FW1989533.UP.FTS.B
,
30
.48
%
,
11/08/26
.
965
965
FW1996257.UP.FTS.B
,
30
.52
%
,
11/08/26
.
1,039
1,036
FW1991024.UP.FTS.B
,
30
.67
%
,
11/08/26
.
714
723
FW1996943.UP.FTS.B
,
30
.67
%
,
11/08/26
.
955
942
FW1998245.UP.FTS.B
,
30
.99
%
,
11/08/26
.
5,785
5,852
FW1991582.UP.FTS.B
,
31
.04
%
,
11/08/26
.
6,681
466
FW1996197.UP.FTS.B
,
31
.07
%
,
11/08/26
.
2,732
2,764
FW1994376.UP.FTS.B
,
31
.11
%
,
11/08/26
.
1,041
1,054
FW1991890.UP.FTS.B
,
31
.12
%
,
11/08/26
.
1,955
1,978
FW1994027.UP.FTS.B
,
31
.13
%
,
11/08/26
.
1,760
1,780
FW1991332.UP.FTS.B
,
31
.15
%
,
11/08/26
.
2,679
2,705
FW1988381.UP.FTS.B
,
31
.18
%
,
11/08/26
.
2,546
2,544
FW1999282.UP.FTS.B
,
31
.18
%
,
11/08/26
.
5,749
5,812
FW1999590.UP.FTS.B
,
31
.42
%
,
11/08/26
.
3,262
3,301
L1995369.UP.FTS.B
,
8
.19
%
,
11/10/26
....
4,141
4,116
L1997469.UP.FTS.B
,
17
.09
%
,
11/15/26
...
5,290
5,051
L1992552.UP.FTS.B
,
20
.32
%
,
11/15/26
...
11,969
867
L1997541.UP.FTS.B
,
23
.86
%
,
11/15/26
...
4,602
4,607
FW1988425.UP.FTS.B
,
30
.92
%
,
11/16/26
.
968
69
L2073684.UP.FTS.B
,
7
.58
%
,
11/18/26
....
5,117
5,094
L2071601.UP.FTS.B
,
7
.69
%
,
11/18/26
....
1,543
1,536
L2070708.UP.FTS.B
,
7
.71
%
,
11/18/26
....
10,272
10,225
L2070082.UP.FTS.B
,
8
.09
%
,
11/18/26
....
10,333
10,286
L2041907.UP.FTS.B
,
9
.16
%
,
11/18/26
....
2,093
2,084
L2073150.UP.FTS.B
,
9
.42
%
,
11/18/26
....
8,569
8,530
L2071865.UP.FTS.B
,
10
.09
%
,
11/18/26
...
3,967
3,961
L2075029.UP.FTS.B
,
10
.15
%
,
11/18/26
...
5,676
5,666
L2074643.UP.FTS.B
,
10
.22
%
,
11/18/26
...
10,491
10,476
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)
Upstart
Network,
Inc.
(continued)
L2072338.UP.FTS.B
,
10
.5
%
,
11/18/26
....
$
3,986
$
3,969
L2075077.UP.FTS.B
,
11
.07
%
,
11/18/26
...
1,605
1,603
L2074489.UP.FTS.B
,
11
.11
%
,
11/18/26
...
12,201
12,184
FW2074336.UP.FTS.B
,
11
.25
%
,
11/18/26
.
3,570
3,562
L2075040.UP.FTS.B
,
11
.45
%
,
11/18/26
...
7,505
7,495
FW2073066.UP.FTS.B
,
11
.7
%
,
11/18/26
..
2,482
2,475
L2074193.UP.FTS.B
,
12
.02
%
,
11/18/26
...
5,075
5,068
L2075044.UP.FTS.B
,
12
.3
%
,
11/18/26
....
2,169
2,167
L2074536.UP.FTS.B
,
12
.35
%
,
11/18/26
...
3,256
3,252
L2071456.UP.FTS.B
,
12
.81
%
,
11/18/26
...
20,298
20,253
L2073228.UP.FTS.B
,
13
.71
%
,
11/18/26
...
5,620
5,613
L2069740.UP.FTS.B
,
13
.83
%
,
11/18/26
...
9,296
8,816
L2073949.UP.FTS.B
,
13
.85
%
,
11/18/26
...
2,757
2,753
L2070988.UP.FTS.B
,
13
.92
%
,
11/18/26
...
4,417
4,412
L2070587.UP.FTS.B
,
14
.32
%
,
11/18/26
...
4,437
4,452
L2073985.UP.FTS.B
,
14
.6
%
,
11/18/26
....
3,043
424
L2074701.UP.FTS.B
,
14
.63
%
,
11/18/26
...
3,561
3,573
FW2061676.UP.FTS.B
,
14
.9
%
,
11/18/26
..
13,100
946
FW2075148.UP.FTS.B
,
14
.93
%
,
11/18/26
.
2,233
2,241
FW2072823.UP.FTS.B
,
15
.21
%
,
11/18/26
.
1,373
1,371
L1995487.UP.FTS.B
,
15
.52
%
,
11/18/26
...
2,822
2,825
L2074846.UP.FTS.B
,
15
.74
%
,
11/18/26
...
8,446
8,476
L2073860.UP.FTS.B
,
16
.19
%
,
11/18/26
...
1,704
1,707
L2071348.UP.FTS.B
,
16
.45
%
,
11/18/26
...
6,805
6,782
L2071149.UP.FTS.B
,
16
.73
%
,
11/18/26
...
14,472
14,518
FW2074457.UP.FTS.B
,
16
.98
%
,
11/18/26
.
14,265
14,351
FW2075122.UP.FTS.B
,
17
.19
%
,
11/18/26
.
2,287
2,295
L2074833.UP.FTS.B
,
17
.19
%
,
11/18/26
...
8,023
8,038
FW2075446.UP.FTS.B
,
17
.4
%
,
11/18/26
..
2,244
2,250
FW2075299.UP.FTS.B
,
17
.67
%
,
11/18/26
.
2,298
2,307
L2069944.UP.FTS.B
,
18
.01
%
,
11/18/26
...
5,780
5,792
L2063418.UP.FTS.B
,
18
.03
%
,
11/18/26
...
2,307
2,315
L2074570.UP.FTS.B
,
18
.15
%
,
11/18/26
...
9,275
9,294
L2074700.UP.FTS.B
,
18
.17
%
,
11/18/26
...
3,756
3,769
L2073937.UP.FTS.B
,
18
.46
%
,
11/18/26
...
6,845
6,867
FW2070090.UP.FTS.B
,
18
.57
%
,
11/18/26
.
1,076
1,077
FW2074803.UP.FTS.B
,
18
.88
%
,
11/18/26
.
7,273
7,300
L2071288.UP.FTS.B
,
18
.9
%
,
11/18/26
....
2,428
2,432
FW2070966.UP.FTS.B
,
18
.96
%
,
11/18/26
.
3,493
3,514
L2071754.UP.FTS.B
,
19
.22
%
,
11/18/26
...
2,323
2,322
FW2074495.UP.FTS.B
,
19
.61
%
,
11/18/26
.
5,417
5,189
L2074954.UP.FTS.B
,
19
.66
%
,
11/18/26
...
3,186
3,199
L2060606.UP.FTS.B
,
19
.84
%
,
11/18/26
...
23,313
22,243
L2073597.UP.FTS.B
,
19
.97
%
,
11/18/26
...
613
595
L2072694.UP.FTS.B
,
20
.25
%
,
11/18/26
...
1,947
1,958
L2071378.UP.FTS.B
,
20
.26
%
,
11/18/26
...
4,443
4,461
FW2070300.UP.FTS.B
,
20
.46
%
,
11/18/26
.
5,933
6,012
L2073048.UP.FTS.B
,
20
.74
%
,
11/18/26
...
2,964
2,981
L2073994.UP.FTS.B
,
21
.04
%
,
11/18/26
...
2,972
2,990
L2074856.UP.FTS.B
,
21
.95
%
,
11/18/26
...
6,692
6,785
L2072786.UP.FTS.B
,
22
.57
%
,
11/18/26
...
8,644
8,370
L2074658.UP.FTS.B
,
22
.83
%
,
11/18/26
...
6,048
6,142
L2074869.UP.FTS.B
,
22
.9
%
,
11/18/26
....
2,146
2,091
L2073707.UP.FTS.B
,
22
.91
%
,
11/18/26
...
1,695
1,721
L2074779.UP.FTS.B
,
22
.95
%
,
11/18/26
...
6,060
6,155
L2073694.UP.FTS.B
,
22
.99
%
,
11/18/26
...
3,584
3,637
L2075061.UP.FTS.B
,
23
.07
%
,
11/18/26
...
5,595
5,673
L2073355.UP.FTS.B
,
23
.21
%
,
11/18/26
...
3,034
3,081
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
L2074657.UP.FTS.B
,
23
.23
%
,
11/18/26
...
$
2,307
$
2,343
L2075024.UP.FTS.B
,
23
.38
%
,
11/18/26
...
2,766
2,797
L2069953.UP.FTS.B
,
23
.63
%
,
11/18/26
...
1,290
1,288
L2074932.UP.FTS.B
,
23
.75
%
,
11/18/26
...
5,700
5,780
L2074997.UP.FTS.B
,
24
.24
%
,
11/18/26
...
2,550
2,588
L2074747.UP.FTS.B
,
24
.82
%
,
11/18/26
...
2,092
316
L2073148.UP.FTS.B
,
24
.83
%
,
11/18/26
...
972
272
FW2073759.UP.FTS.B
,
25
.15
%
,
11/18/26
.
740
751
L2075027.UP.FTS.B
,
25
.16
%
,
11/18/26
...
3,712
3,770
L2070719.UP.FTS.B
,
25
.21
%
,
11/18/26
...
4,095
4,157
L2075204.UP.FTS.B
,
25
.29
%
,
11/18/26
...
3,031
3,079
L2070829.UP.FTS.B
,
25
.31
%
,
11/18/26
...
618
622
L2070733.UP.FTS.B
,
25
.4
%
,
11/18/26
....
1,872
1,897
L2045168.UP.FTS.B
,
25
.61
%
,
11/18/26
...
5,449
5,516
FW2075060.UP.FTS.B
,
26
.35
%
,
11/18/26
.
3,163
3,208
FW2074102.UP.FTS.B
,
27
.44
%
,
11/18/26
.
1,632
1,657
FW2073976.UP.FTS.B
,
27
.83
%
,
11/18/26
.
1,139
1,151
FW2075115.UP.FTS.B
,
29
.25
%
,
11/18/26
.
3,844
3,904
FW2074160.UP.FTS.B
,
29
.41
%
,
11/18/26
.
296
293
FW2074265.UP.FTS.B
,
29
.67
%
,
11/18/26
.
5,465
5,550
FW2067233.UP.FTS.B
,
29
.68
%
,
11/18/26
.
1,158
1,176
FW2074064.UP.FTS.B
,
29
.92
%
,
11/18/26
.
1,160
1,179
FW2071058.UP.FTS.B
,
30
.15
%
,
11/18/26
.
1,766
125
FW2073506.UP.FTS.B
,
30
.43
%
,
11/18/26
.
618
626
FW2072059.UP.FTS.B
,
30
.46
%
,
11/18/26
.
2,923
2,962
FW2072695.UP.FTS.B
,
30
.47
%
,
11/18/26
.
648
658
FW2074740.UP.FTS.B
,
30
.66
%
,
11/18/26
.
20,834
21,160
FW2073859.UP.FTS.B
,
30
.99
%
,
11/18/26
.
1,365
1,386
FW2070830.UP.FTS.B
,
31
%
,
11/18/26
...
2,535
2,575
FW2070865.UP.FTS.B
,
31
.17
%
,
11/18/26
.
1,258
89
FW2070287.UP.FTS.B
,
31
.24
%
,
11/18/26
.
2,413
2,451
FW2074713.UP.FTS.B
,
31
.25
%
,
11/18/26
.
4,853
4,691
FW2070592.UP.FTS.B
,
31
.39
%
,
11/18/26
.
2,154
2,159
L1989003.UP.FTS.B
,
15
.35
%
,
11/20/26
...
14,044
14,006
L1989271.UP.FTS.B
,
15
.62
%
,
11/22/26
...
7,158
1,837
FW1991256.UP.FTS.B
,
25
.07
%
,
11/22/26
.
13,817
13,961
L2074195.UP.FTS.B
,
15
.15
%
,
11/24/26
...
5,611
5,605
L2070126.UP.FTS.B
,
12
.98
%
,
12/03/26
...
4,651
338
L2074379.UP.FTS.B
,
20
.93
%
,
12/03/26
...
11,324
11,462
L2213943.UP.FTS.B
,
8
.37
%
,
12/09/26
....
5,144
5,115
L2216952.UP.FTS.B
,
8
.42
%
,
12/09/26
....
9,609
9,558
L2217859.UP.FTS.B
,
8
.75
%
,
12/09/26
....
10,753
10,690
FW2218197.UP.FTS.B
,
9
.08
%
,
12/09/26
..
31,897
2,333
L2215533.UP.FTS.B
,
9
.49
%
,
12/09/26
....
2,592
2,577
L2214523.UP.FTS.B
,
9
.75
%
,
12/09/26
....
13,688
13,609
L2214639.UP.FTS.B
,
9
.77
%
,
12/09/26
....
4,622
4,598
L2217330.UP.FTS.B
,
10
.1
%
,
12/09/26
....
1,028
1,019
L2217133.UP.FTS.B
,
11
.03
%
,
12/09/26
...
13,716
13,675
FW2216190.UP.FTS.B
,
12
.02
%
,
12/09/26
.
2,788
2,780
L2215565.UP.FTS.B
,
13
.14
%
,
12/09/26
...
3,386
3,377
FW2214435.UP.FTS.B
,
13
.25
%
,
12/09/26
.
14,541
7,938
L2214819.UP.FTS.B
,
13
.75
%
,
12/09/26
...
3,389
3,379
L2215433.UP.FTS.B
,
14
.02
%
,
12/09/26
...
1,139
1,136
L2218351.UP.FTS.B
,
14
.35
%
,
12/09/26
...
556
554
L2215625.UP.FTS.B
,
15
.65
%
,
12/09/26
...
7,295
549
L2216039.UP.FTS.B
,
16
.11
%
,
12/09/26
...
2,911
2,913
FW2215838.UP.FTS.B
,
16
.38
%
,
12/09/26
.
4,662
4,666
L2215859.UP.FTS.B
,
16
.43
%
,
12/09/26
...
2,511
2,514
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)
Upstart
Network,
Inc.
(continued)
L2217862.UP.FTS.B
,
16
.51
%
,
12/09/26
...
$
6,431
$
6,437
L2215442.UP.FTS.B
,
16
.68
%
,
12/09/26
...
1,830
78
L2217548.UP.FTS.B
,
17
.23
%
,
12/09/26
...
8,831
8,839
L2216029.UP.FTS.B
,
17
.52
%
,
12/09/26
...
4,404
1,175
L2217603.UP.FTS.B
,
17
.91
%
,
12/09/26
...
3,712
3,711
FW2216465.UP.FTS.B
,
18
.28
%
,
12/09/26
.
1,016
1,013
L2214500.UP.FTS.B
,
18
.31
%
,
12/09/26
...
19,919
11,248
L2217227.UP.FTS.B
,
18
.97
%
,
12/09/26
...
6,590
6,607
L2213701.UP.FTS.B
,
19
.91
%
,
12/09/26
...
1,754
1,758
L2215303.UP.FTS.B
,
20
.05
%
,
12/09/26
...
4,237
4,287
L2215373.UP.FTS.B
,
20
.25
%
,
12/09/26
...
607
607
FW2214210.UP.FTS.B
,
20
.55
%
,
12/09/26
.
3,042
3,050
FW2213572.UP.FTS.B
,
21
.18
%
,
12/09/26
.
1,530
1,548
FW2215010.UP.FTS.B
,
21
.32
%
,
12/09/26
.
1,231
1,230
L2214734.UP.FTS.B
,
21
.37
%
,
12/09/26
...
6,596
6,610
FW2215319.UP.FTS.B
,
21
.51
%
,
12/09/26
.
2,455
2,484
L2216265.UP.FTS.B
,
21
.78
%
,
12/09/26
...
3,481
509
L2217016.UP.FTS.B
,
21
.8
%
,
12/09/26
....
2,728
2,750
L2214771.UP.FTS.B
,
21
.93
%
,
12/09/26
...
1,479
1,496
L2217244.UP.FTS.B
,
21
.96
%
,
12/09/26
...
3,083
3,091
FW2217920.UP.FTS.B
,
22
.05
%
,
12/09/26
.
2,669
752
L2213576.UP.FTS.B
,
22
.2
%
,
12/09/26
....
2,204
2,209
L2217530.UP.FTS.B
,
22
.65
%
,
12/09/26
...
2,795
2,821
L2199212.UP.FTS.B
,
23
.01
%
,
12/09/26
...
9,293
9,372
L1410812.UP.FTS.B
,
23
.09
%
,
12/09/26
...
7,470
2,103
FW2209695.UP.FTS.B
,
23
.37
%
,
12/09/26
.
3,084
3,118
L2214174.UP.FTS.B
,
23
.38
%
,
12/09/26
...
627
627
L2218623.UP.FTS.B
,
23
.41
%
,
12/09/26
...
3,022
43
FW2215830.UP.FTS.B
,
23
.46
%
,
12/09/26
.
688
696
L2217598.UP.FTS.B
,
23
.52
%
,
12/09/26
...
6,004
6,075
L2218003.UP.FTS.B
,
23
.87
%
,
12/09/26
...
1,506
1,521
FW2218127.UP.FTS.B
,
24
.14
%
,
12/09/26
.
6,290
6,364
L2216002.UP.FTS.B
,
24
.2
%
,
12/09/26
....
2,996
3,027
FW2214164.UP.FTS.B
,
24
.23
%
,
12/09/26
.
22,159
22,218
L2215396.UP.FTS.B
,
24
.34
%
,
12/09/26
...
2,699
2,730
FW2214689.UP.FTS.B
,
24
.38
%
,
12/09/26
.
4,850
4,874
L2218752.UP.FTS.B
,
24
.44
%
,
12/09/26
...
1,007
1,016
L2217516.UP.FTS.B
,
24
.76
%
,
12/09/26
...
936
946
L2218428.UP.FTS.B
,
25
.03
%
,
12/09/26
...
998
282
L2216782.UP.FTS.B
,
25
.06
%
,
12/09/26
...
2,428
14
L2215729.UP.FTS.B
,
25
.13
%
,
12/09/26
...
9,660
9,761
L2215559.UP.FTS.B
,
25
.19
%
,
12/09/26
...
940
942
L2215557.UP.FTS.B
,
25
.29
%
,
12/09/26
...
1,461
1,479
FW2217958.UP.FTS.B
,
25
.35
%
,
12/09/26
.
3,003
845
L2213659.UP.FTS.B
,
25
.4
%
,
12/09/26
....
2,418
2,441
L2217765.UP.FTS.B
,
25
.4
%
,
12/09/26
....
699
708
L2215136.UP.FTS.B
,
25
.42
%
,
12/09/26
...
2,989
2,992
L2214897.UP.FTS.B
,
25
.44
%
,
12/09/26
...
10,434
10,557
L2214140.UP.FTS.B
,
25
.45
%
,
12/09/26
...
1,502
1,498
L2217964.UP.FTS.B
,
25
.45
%
,
12/09/26
...
4,174
2,456
L2214064.UP.FTS.B
,
25
.48
%
,
12/09/26
...
3,118
3,155
L2216607.UP.FTS.B
,
25
.48
%
,
12/09/26
...
1,909
1,932
FW2216203.UP.FTS.B
,
25
.54
%
,
12/09/26
.
4,110
4,143
L2214388.UP.FTS.B
,
25
.7
%
,
12/09/26
....
2,353
2,380
L2218260.UP.FTS.B
,
25
.7
%
,
12/09/26
....
4,209
4,258
L2218303.UP.FTS.B
,
25
.88
%
,
12/09/26
...
4,682
685
L2216795.UP.FTS.B
,
26
.15
%
,
12/09/26
...
8,643
8,745
L2217875.UP.FTS.B
,
26
.21
%
,
12/09/26
...
5,123
5,183
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2215725.UP.FTS.B
,
28
.05
%
,
12/09/26
.
$
5,208
$
5,269
FW2215661.UP.FTS.B
,
28
.62
%
,
12/09/26
.
7,816
7,908
FW2216442.UP.FTS.B
,
29
.14
%
,
12/09/26
.
5,998
6,061
FW2218562.UP.FTS.B
,
29
.96
%
,
12/09/26
.
662
669
FW2217960.UP.FTS.B
,
30
.51
%
,
12/09/26
.
3,322
3,355
FW2217757.UP.FTS.B
,
30
.55
%
,
12/09/26
.
2,044
2,062
FW2216633.UP.FTS.B
,
30
.84
%
,
12/09/26
.
666
674
FW2213785.UP.FTS.B
,
30
.97
%
,
12/09/26
.
2,125
2,145
FW2205180.UP.FTS.B
,
31
.15
%
,
12/09/26
.
19,023
19,249
FW2217843.UP.FTS.B
,
31
.21
%
,
12/09/26
.
802
809
FW2216011.UP.FTS.B
,
31
.3
%
,
12/09/26
..
1,489
1,505
FW2215916.UP.FTS.B
,
31
.42
%
,
12/09/26
.
1,137
1,150
FW2216867.UP.FTS.B
,
31
.83
%
,
12/09/26
.
3,543
3,585
FW2217138.UP.FTS.B
,
32
.58
%
,
12/09/26
.
4,692
4,734
FW2219336.UP.FTS.B
,
7
.29
%
,
12/10/26
..
5,285
5,257
L2221765.UP.FTS.B
,
7
.56
%
,
12/10/26
....
5,289
5,261
FW2218855.UP.FTS.B
,
7
.72
%
,
12/10/26
..
1,308
1,296
L2220935.UP.FTS.B
,
8
.04
%
,
12/10/26
....
5,867
5,832
L2220551.UP.FTS.B
,
8
.19
%
,
12/10/26
....
1,175
1,169
L2222014.UP.FTS.B
,
9
.11
%
,
12/10/26
....
13,496
13,425
L2220654.UP.FTS.B
,
9
.13
%
,
12/10/26
....
11,535
11,460
L2220216.UP.FTS.B
,
9
.67
%
,
12/10/26
....
8,500
8,434
L2221664.UP.FTS.B
,
9
.98
%
,
12/10/26
....
1,245
1,232
FW2219804.UP.FTS.B
,
10
.44
%
,
12/10/26
.
5,479
5,463
FW2222412.UP.FTS.B
,
10
.49
%
,
12/10/26
.
548
545
L2220336.UP.FTS.B
,
11
.03
%
,
12/10/26
...
2,982
2,969
L2220236.UP.FTS.B
,
11
.73
%
,
12/10/26
...
11,924
11,891
L2222184.UP.FTS.B
,
12
.02
%
,
12/10/26
...
4,684
4,667
L2220260.UP.FTS.B
,
12
.23
%
,
12/10/26
...
27,944
27,868
FW2220027.UP.FTS.B
,
13
.09
%
,
12/10/26
.
5,640
5,625
L2221352.UP.FTS.B
,
13
.11
%
,
12/10/26
...
507
505
L2221255.UP.FTS.B
,
13
.17
%
,
12/10/26
...
4,240
4,224
L2220245.UP.FTS.B
,
13
.24
%
,
12/10/26
...
15,029
14,989
L2218875.UP.FTS.B
,
13
.44
%
,
12/10/26
...
6,793
6,775
L2221936.UP.FTS.B
,
13
.59
%
,
12/10/26
...
3,630
3,617
L2220922.UP.FTS.B
,
13
.6
%
,
12/10/26
....
3,970
3,959
L2211103.UP.FTS.B
,
13
.86
%
,
12/10/26
...
7,440
7,414
L2221071.UP.FTS.B
,
14
.15
%
,
12/10/26
...
4,160
4,140
FW2219337.UP.FTS.B
,
14
.64
%
,
12/10/26
.
2,814
2,798
L2221548.UP.FTS.B
,
14
.74
%
,
12/10/26
...
574
572
FW2222326.UP.FTS.B
,
14
.82
%
,
12/10/26
.
10,052
10,026
L2219252.UP.FTS.B
,
15
.58
%
,
12/10/26
...
2,788
1,605
L2218671.UP.FTS.B
,
15
.6
%
,
12/10/26
....
3,373
246
L2194261.UP.FTS.B
,
15
.71
%
,
12/10/26
...
6,611
6,610
FW2219230.UP.FTS.B
,
15
.75
%
,
12/10/26
.
6,449
6,447
FW2221359.UP.FTS.B
,
17
.28
%
,
12/10/26
.
1,699
1,694
FW2221538.UP.FTS.B
,
17
.36
%
,
12/10/26
.
9,433
9,444
L2219356.UP.FTS.B
,
17
.56
%
,
12/10/26
...
6,324
6,320
L2183750.UP.FTS.B
,
17
.62
%
,
12/10/26
...
4,730
4,736
L2220037.UP.FTS.B
,
17
.77
%
,
12/10/26
...
1,894
1,897
L2219692.UP.FTS.B
,
18
.1
%
,
12/10/26
....
2,048
286
L2222111.UP.FTS.B
,
18
.1
%
,
12/10/26
....
3,267
3,271
FW2217304.UP.FTS.B
,
18
.29
%
,
12/10/26
.
627
89
L2220278.UP.FTS.B
,
18
.47
%
,
12/10/26
...
3,577
3,581
L2210120.UP.FTS.B
,
18
.97
%
,
12/10/26
...
2,037
2,043
FW2219505.UP.FTS.B
,
19
.04
%
,
12/10/26
.
13,878
13,894
FW2219062.UP.FTS.B
,
19
.4
%
,
12/10/26
..
3,627
3,630
L2221797.UP.FTS.B
,
19
.44
%
,
12/10/26
...
9,736
9,748
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)
Upstart
Network,
Inc.
(continued)
L2221919.UP.FTS.B
,
19
.66
%
,
12/10/26
...
$
3,378
$
3,387
L2221739.UP.FTS.B
,
19
.78
%
,
12/10/26
...
5,434
5,500
L2221097.UP.FTS.B
,
19
.86
%
,
12/10/26
...
1,401
1,402
L2220113.UP.FTS.B
,
20
.52
%
,
12/10/26
...
3,032
3,068
L2219823.UP.FTS.B
,
20
.59
%
,
12/10/26
...
3,625
972
L2221612.UP.FTS.B
,
20
.59
%
,
12/10/26
...
7,322
7,394
L2222005.UP.FTS.B
,
20
.98
%
,
12/10/26
...
5,453
5,408
L2221600.UP.FTS.B
,
21
.39
%
,
12/10/26
...
4,350
4,326
L2222012.UP.FTS.B
,
21
.64
%
,
12/10/26
...
2,167
2,189
FW2219145.UP.FTS.B
,
21
.86
%
,
12/10/26
.
10,348
10,473
FW2220653.UP.FTS.B
,
22
.15
%
,
12/10/26
.
3,758
3,798
FW2220221.UP.FTS.B
,
22
.46
%
,
12/10/26
.
4,335
4,388
L2219015.UP.FTS.B
,
22
.73
%
,
12/10/26
...
4,346
4,399
FW2220294.UP.FTS.B
,
22
.87
%
,
12/10/26
.
12,468
12,592
L2220670.UP.FTS.B
,
23
.96
%
,
12/10/26
...
1,738
1,742
FW2214196.UP.FTS.B
,
23
.98
%
,
12/10/26
.
3,803
3,842
L2219719.UP.FTS.B
,
24
.34
%
,
12/10/26
...
946
955
FW2220794.UP.FTS.B
,
24
.46
%
,
12/10/26
.
3,743
267
L2221940.UP.FTS.B
,
24
.71
%
,
12/10/26
...
1,138
1,125
FW2222025.UP.FTS.B
,
24
.95
%
,
12/10/26
.
6,369
6,434
L2221560.UP.FTS.B
,
25
.03
%
,
12/10/26
...
1,524
1,539
L2220844.UP.FTS.B
,
25
.09
%
,
12/10/26
...
1,649
1,669
L2222466.UP.FTS.B
,
25
.12
%
,
12/10/26
...
6,663
6,744
L2219737.UP.FTS.B
,
25
.45
%
,
12/10/26
...
1,680
247
L2222516.UP.FTS.B
,
25
.46
%
,
12/10/26
...
602
604
L2222196.UP.FTS.B
,
25
.5
%
,
12/10/26
....
1,720
253
L2222524.UP.FTS.B
,
25
.5
%
,
12/10/26
....
1,718
1,739
L2219005.UP.FTS.B
,
25
.75
%
,
12/10/26
...
2,395
1,415
L2219909.UP.FTS.B
,
25
.83
%
,
12/10/26
...
2,267
163
FW2219378.UP.FTS.B
,
27
.07
%
,
12/10/26
.
7,835
7,919
FW2218817.UP.FTS.B
,
27
.5
%
,
12/10/26
..
2,754
2,760
FW2221398.UP.FTS.B
,
27
.53
%
,
12/10/26
.
3,524
2,078
FW2221651.UP.FTS.B
,
27
.6
%
,
12/10/26
..
6,408
6,481
FW2220064.UP.FTS.B
,
27
.61
%
,
12/10/26
.
1,534
1,552
FW2219847.UP.FTS.B
,
28
.03
%
,
12/10/26
.
3,855
3,899
FW2220128.UP.FTS.B
,
28
.06
%
,
12/10/26
.
3,254
3,294
FW2221547.UP.FTS.B
,
28
.78
%
,
12/10/26
.
2,292
2,320
FW2222054.UP.FTS.B
,
29
.08
%
,
12/10/26
.
5,251
5,315
FW2218160.UP.FTS.B
,
29
.47
%
,
12/10/26
.
3,161
3,199
FW2219414.UP.FTS.B
,
29
.72
%
,
12/10/26
.
4,166
1,200
FW2220353.UP.FTS.B
,
29
.92
%
,
12/10/26
.
1,996
2,016
FW2221075.UP.FTS.B
,
30
.26
%
,
12/10/26
.
2,320
2,348
FW2221564.UP.FTS.B
,
30
.28
%
,
12/10/26
.
2,519
2,550
FW2217065.UP.FTS.B
,
30
.33
%
,
12/10/26
.
3,250
–
FW2221531.UP.FTS.B
,
30
.36
%
,
12/10/26
.
2,321
2,350
FW2221439.UP.FTS.B
,
30
.5
%
,
12/10/26
..
1,461
1,478
FW2222124.UP.FTS.B
,
30
.9
%
,
12/10/26
..
58
57
FW2219745.UP.FTS.B
,
31
.03
%
,
12/10/26
.
1,533
1,552
FW2216231.UP.FTS.B
,
31
.22
%
,
12/10/26
.
2,338
2,366
FW2218939.UP.FTS.B
,
31
.36
%
,
12/10/26
.
2,674
2,707
FW2219361.UP.FTS.B
,
31
.69
%
,
12/10/26
.
9,855
9,976
L2220687.UP.FTS.B
,
23
.72
%
,
12/11/26
...
1,680
1,694
L2219088.UP.FTS.B
,
10
.44
%
,
12/13/26
...
11,768
11,735
L2217252.UP.FTS.B
,
25
.25
%
,
12/14/26
...
1,277
1,278
L2216987.UP.FTS.B
,
17
.24
%
,
12/16/26
...
5,886
5,901
FW2217553.UP.FTS.B
,
16
.03
%
,
12/23/26
.
3,493
3,484
FW2214828.UP.FTS.B
,
15
.83
%
,
12/24/26
.
6,430
6,426
FW2213955.UP.FTS.B
,
18
.45
%
,
12/24/26
.
5,408
5,405
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW2220958.UP.FTS.B
,
32
.58
%
,
12/25/26
.
$
5,126
$
5,192
L1612765.UP.FTS.B
,
17
.19
%
,
1/23/27
....
10,333
9,872
L1611722.UP.FTS.B
,
19
.13
%
,
1/23/27
....
4,632
4,645
L1611110.UP.FTS.B
,
20
.52
%
,
1/23/27
....
11,257
10,848
L1612410.UP.FTS.B
,
21
.86
%
,
1/23/27
....
3,282
3,134
L1612489.UP.FTS.B
,
23
.23
%
,
1/23/27
....
2,704
2,742
L1613013.UP.FTS.B
,
25
.41
%
,
1/23/27
....
1,565
111
FW1612781.UP.FTS.B
,
27
.12
%
,
1/23/27
..
7,079
6,829
FW1611792.UP.FTS.B
,
28
.67
%
,
1/23/27
..
5,750
–
L1616604.UP.FTS.B
,
10
.09
%
,
1/24/27
....
8,501
540
L1614273.UP.FTS.B
,
14
.09
%
,
1/24/27
....
6,296
6,278
L1599969.UP.FTS.B
,
14
.68
%
,
1/24/27
....
5,158
372
L1613957.UP.FTS.B
,
19
.33
%
,
1/24/27
....
6,873
6,901
L1616477.UP.FTS.B
,
19
.45
%
,
1/24/27
....
3,769
3,785
L1613477.UP.FTS.B
,
20
.77
%
,
1/24/27
....
2,673
2,686
L1614645.UP.FTS.B
,
22
.79
%
,
1/24/27
....
1,932
1,963
L1616362.UP.FTS.B
,
23
.47
%
,
1/24/27
....
3,853
3,907
L1613119.UP.FTS.B
,
24
.86
%
,
1/24/27
....
10,291
2,883
FW1613124.UP.FTS.B
,
26
.6
%
,
1/24/27
...
10,920
10,556
FW1605600.UP.FTS.B
,
29
.46
%
,
1/24/27
..
5,041
5,133
FW1616426.UP.FTS.B
,
30
.21
%
,
1/24/27
..
1,298
1,315
FW1615354.UP.FTS.B
,
31
.17
%
,
1/24/27
..
8,757
8,880
L1619050.UP.FTS.B
,
15
.55
%
,
1/25/27
....
2,341
2,346
FW1615921.UP.FTS.B
,
28
.4
%
,
1/25/27
...
12,390
12,588
FW1705472.UP.FTS.B
,
19
.5
%
,
2/13/27
...
5,972
5,978
L1706676.UP.FTS.B
,
24
.2
%
,
2/13/27
....
12,907
30
L1706613.UP.FTS.B
,
27
.15
%
,
2/13/27
....
5,956
3,540
FW1704923.UP.FTS.B
,
29
.37
%
,
2/13/27
..
1,766
124
L1879248.UP.FTS.B
,
19
.71
%
,
3/19/27
....
4,198
1,170
FW1880786.UP.FTS.B
,
24
.67
%
,
3/19/27
..
4,057
288
L1880423.UP.FTS.B
,
25
.24
%
,
3/19/27
....
4,864
4,908
FW1879017.UP.FTS.B
,
25
.45
%
,
3/19/27
..
18,439
1,552
L1878925.UP.FTS.B
,
26
.03
%
,
3/19/27
....
5,975
892
FW1880356.UP.FTS.B
,
28
.86
%
,
3/19/27
..
1,730
1,749
FW1876491.UP.FTS.B
,
30
.62
%
,
3/19/27
..
5,038
752
FW1880852.UP.FTS.B
,
31
.2
%
,
3/19/27
...
2,556
180
FW1876421.UP.FTS.B
,
26
.08
%
,
3/27/27
..
3,990
4,020
L1991593.UP.FTS.B
,
11
.07
%
,
4/08/27
....
29,101
28,883
FW1989633.UP.FTS.B
,
11
.19
%
,
4/08/27
..
3,285
3,271
L1988372.UP.FTS.B
,
13
.34
%
,
4/08/27
....
3,272
3,263
L1998298.UP.FTS.B
,
13
.53
%
,
4/08/27
....
2,881
2,865
L1993514.UP.FTS.B
,
16
.68
%
,
4/08/27
....
2,551
232
L1990886.UP.FTS.B
,
17
.65
%
,
4/08/27
....
4,794
4,779
L1991140.UP.FTS.B
,
17
.85
%
,
4/08/27
....
3,349
1,923
L1999227.UP.FTS.B
,
17
.88
%
,
4/08/27
....
13,163
7,594
L1991181.UP.FTS.B
,
20
.28
%
,
4/08/27
....
6,896
6,931
L1997930.UP.FTS.B
,
20
.97
%
,
4/08/27
....
2,820
2,808
L1992016.UP.FTS.B
,
21
%
,
4/08/27
......
20,267
20,420
L1995141.UP.FTS.B
,
22
.04
%
,
4/08/27
....
21,377
21,630
FW1995724.UP.FTS.B
,
22
.43
%
,
4/08/27
..
9,953
9,926
L1996768.UP.FTS.B
,
23
.2
%
,
4/08/27
....
6,476
6,509
L1990332.UP.FTS.B
,
24
.87
%
,
4/08/27
....
9,106
5,382
L1989064.UP.FTS.B
,
25
.45
%
,
4/08/27
....
1,593
1,610
L1996816.UP.FTS.B
,
26
.05
%
,
4/08/27
....
12,407
890
FW1990199.UP.FTS.B
,
27
.43
%
,
4/08/27
..
10,803
10,892
FW1996955.UP.FTS.B
,
27
.91
%
,
4/08/27
..
1,087
1,094
FW1999057.UP.FTS.B
,
28
%
,
4/08/27
....
18,818
–
FW1993453.UP.FTS.B
,
28
.76
%
,
4/08/27
..
9,109
5,351
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)
Upstart
Network,
Inc.
(continued)
FW1996092.UP.FTS.B
,
29
.72
%
,
4/08/27
..
$
2,477
$
2,495
FW1988366.UP.FTS.B
,
30
.88
%
,
4/08/27
..
4,625
2,750
FW1990513.UP.FTS.B
,
31
.11
%
,
4/08/27
..
3,593
2,113
L2075589.UP.FTS.B
,
16
.26
%
,
4/18/27
....
4,748
4,730
L2071590.UP.FTS.B
,
16
.75
%
,
4/18/27
....
4,410
4,401
L2074108.UP.FTS.B
,
16
.87
%
,
4/18/27
....
1,897
1,894
L2070593.UP.FTS.B
,
17
.59
%
,
4/18/27
....
13,424
13,374
L2074593.UP.FTS.B
,
18
.9
%
,
4/18/27
....
1,172
1,174
FW2071863.UP.FTS.B
,
19
.94
%
,
4/18/27
..
33,829
33,879
L2074730.UP.FTS.B
,
20
.02
%
,
4/18/27
....
3,069
3,084
L2073933.UP.FTS.B
,
20
.06
%
,
4/18/27
....
3,760
3,755
L2074554.UP.FTS.B
,
20
.64
%
,
4/18/27
....
15,297
2,217
L2074432.UP.FTS.B
,
21
.97
%
,
4/18/27
....
2,146
67
FW2075442.UP.FTS.B
,
22
.23
%
,
4/18/27
..
5,139
5,134
L2073235.UP.FTS.B
,
22
.81
%
,
4/18/27
....
4,811
4,811
L2071257.UP.FTS.B
,
25
.4
%
,
4/18/27
....
667
190
L2072907.UP.FTS.B
,
25
.45
%
,
4/18/27
....
3,024
–
FW2075168.UP.FTS.B
,
30
.19
%
,
4/18/27
..
2,030
2,037
FW2069880.UP.FTS.B
,
30
.4
%
,
4/18/27
...
4,635
4,690
FW1990667.UP.FTS.B
,
27
.83
%
,
4/22/27
..
3,355
3,388
L1993049.UP.FTS.B
,
14
.87
%
,
4/23/27
....
13,082
13,011
L1990580.UP.FTS.B
,
19
.47
%
,
4/23/27
....
16,469
4,388
L1996800.UP.FTS.B
,
25
.32
%
,
4/23/27
....
18,094
18,049
L2214144.UP.FTS.B
,
11
.27
%
,
5/09/27
....
4,637
4,620
L2163677.UP.FTS.B
,
11
.56
%
,
5/09/27
....
22,240
1,625
L2218652.UP.FTS.B
,
13
.28
%
,
5/09/27
....
6,577
6,535
L2215903.UP.FTS.B
,
18
.3
%
,
5/09/27
....
2,432
2,432
L1410942.UP.FTS.B
,
18
.88
%
,
5/09/27
....
6,696
3,850
L2218508.UP.FTS.B
,
20
.09
%
,
5/09/27
....
4,653
684
L2217490.UP.FTS.B
,
20
.86
%
,
5/09/27
....
20,619
1,491
L2217932.UP.FTS.B
,
21
.91
%
,
5/09/27
....
11,384
3,117
FW2216167.UP.FTS.B
,
23
.76
%
,
5/09/27
..
4,493
4,519
FW2215962.UP.FTS.B
,
24
.1
%
,
5/09/27
...
3,805
274
L2198465.UP.FTS.B
,
24
.17
%
,
5/09/27
....
3,350
3,376
FW2217399.UP.FTS.B
,
24
.73
%
,
5/09/27
..
5,960
429
L2216524.UP.FTS.B
,
25
.42
%
,
5/09/27
....
8,035
4,742
FW2214150.UP.FTS.B
,
26
.84
%
,
5/09/27
..
1,830
1,847
FW2218340.UP.FTS.B
,
31
.07
%
,
5/09/27
..
7,233
7,319
L2211511.UP.FTS.B
,
12
.64
%
,
5/10/27
....
38,316
20,589
L2221618.UP.FTS.B
,
12
.8
%
,
5/10/27
....
3,330
3,320
FW2219474.UP.FTS.B
,
13
.95
%
,
5/10/27
..
8,124
4,383
L2220695.UP.FTS.B
,
14
.81
%
,
5/10/27
....
3,580
3,563
L2221125.UP.FTS.B
,
15
.5
%
,
5/10/27
.....
1,300
1,292
L2219741.UP.FTS.B
,
18
.33
%
,
5/10/27
....
4,314
312
L2221646.UP.FTS.B
,
18
.79
%
,
5/10/27
....
6,823
6,788
L2221701.UP.FTS.B
,
19
.55
%
,
5/10/27
....
4,619
4,604
L2220257.UP.FTS.B
,
19
.73
%
,
5/10/27
....
3,617
963
L2222062.UP.FTS.B
,
23
.82
%
,
5/10/27
....
7,891
7,900
L2222460.UP.FTS.B
,
25
.39
%
,
5/10/27
....
2,140
2,162
FW2220970.UP.FTS.B
,
26
.98
%
,
5/10/27
..
629
636
FW2222345.UP.FTS.B
,
30
.23
%
,
5/10/27
..
772
762
FW2220084.UP.FTS.B
,
30
.41
%
,
5/10/27
..
1,673
–
FW2219211.UP.FTS.B
,
31
.11
%
,
5/10/27
..
3,805
3,856
FW2219137.UP.FTS.B
,
32
.32
%
,
5/10/27
..
6,339
6,404
FW2218331.UP.FTS.B
,
30
.75
%
,
5/14/27
..
4,691
672
L2219046.UP.FTS.B
,
24
.89
%
,
5/15/27
....
4,864
4,910
FW2219236.UP.FTS.B
,
30
.82
%
,
5/25/27
..
1,727
120
L1600527.UP.FTS.B
,
20
.35
%
,
6/24/27
....
6,271
5,947
Description
Principal
Amount
Value
Upstart
Network,
Inc.
(continued)
FW1613781.UP.FTS.B
,
20
.91
%
,
6/24/27
..
$
127
$
125
L1619343.UP.FTS.B
,
16
.69
%
,
6/25/27
....
6,537
6,552
L1706347.UP.FTS.B
,
23
.37
%
,
7/13/27
....
5,794
3,416
FW1705037.UP.FTS.B
,
26
.99
%
,
7/13/27
..
1,352
1,345
FW1998543.UP.FTS.B
,
22
.52
%
,
9/13/27
..
10,738
6,306
L2074857.UP.FTS.B
,
16
.11
%
,
9/18/27
....
15,003
14,897
FW1992674.UP.FTS.B
,
30
.71
%
,
9/23/27
..
1,470
103
L2217220.UP.FTS.B
,
24
.27
%
,
10/09/27
...
4,545
4,550
FW2217284.UP.FTS.B
,
26
.82
%
,
10/09/27
.
3,527
505
FW2221749.UP.FTS.B
,
30
.5
%
,
10/10/27
..
900
257
L1703901.UP.FTS.B
,
26
.94
%
,
9/13/28
....
8,045
573
L2074618.UP.FTS.B
,
27
.13
%
,
4/18/29
....
3,181
3,033
FW1612116.UP.FTS.B
,
6
%
,
8/23/34
.....
174
172
L1612016.UP.FTS.B
,
8
.95
%
,
8/23/34
....
76
76
FW1611989.UP.FTS.B
,
12
.35
%
,
8/23/34
..
486
29
L1611926.UP.FTS.B
,
17
.14
%
,
8/23/34
....
114
20
L1612903.UP.FTS.B
,
17
.72
%
,
8/23/34
....
178
178
L1612795.UP.FTS.B
,
19
.34
%
,
8/23/34
....
1,068
1,038
FW1611869.UP.FTS.B
,
19
.81
%
,
8/23/34
..
59
59
L1612257.UP.FTS.B
,
22
.94
%
,
8/23/34
....
759
757
FW1606291.UP.FTS.B
,
27
.01
%
,
8/23/34
..
162
161
FW1604455.UP.FTS.B
,
27
.65
%
,
8/23/34
..
213
213
FW1613150.UP.FTS.B
,
30
.32
%
,
8/23/34
..
194
13
FW1612870.UP.FTS.B
,
32
.37
%
,
8/23/34
..
220
220
FW1618227.UP.FTS.B
,
7
.62
%
,
8/24/34
...
481
478
L1615041.UP.FTS.B
,
7
.72
%
,
8/24/34
....
186
185
L1613537.UP.FTS.B
,
10
.76
%
,
8/24/34
....
292
290
FW1616172.UP.FTS.B
,
14
.22
%
,
8/24/34
..
99
94
L1617307.UP.FTS.B
,
16
.47
%
,
8/24/34
....
48
48
FW1612144.UP.FTS.B
,
17
.97
%
,
8/24/34
..
99
99
L1616998.UP.FTS.B
,
18
.36
%
,
8/24/34
....
351
135
FW1616441.UP.FTS.B
,
18
.68
%
,
8/24/34
..
76
76
L1613531.UP.FTS.B
,
19
.04
%
,
8/24/34
....
109
109
L1614621.UP.FTS.B
,
22
.87
%
,
8/24/34
....
306
305
L1614292.UP.FTS.B
,
22
.91
%
,
8/24/34
....
38
38
FW1613406.UP.FTS.B
,
26
.85
%
,
8/24/34
..
825
815
FW1617697.UP.FTS.B
,
29
%
,
8/24/34
....
190
187
FW1617880.UP.FTS.B
,
29
.1
%
,
8/24/34
...
83
83
L1620409.UP.FTS.B
,
9
.92
%
,
8/25/34
....
64
64
L1609249.UP.FTS.B
,
10
.93
%
,
8/25/34
....
162
161
L1619755.UP.FTS.B
,
13
.74
%
,
8/25/34
....
189
189
L1595806.UP.FTS.B
,
16
.33
%
,
8/25/34
....
119
119
FW1618611.UP.FTS.B
,
19
.46
%
,
8/25/34
..
299
299
L1620021.UP.FTS.B
,
20
.47
%
,
8/25/34
....
75
75
L1618207.UP.FTS.B
,
22
.64
%
,
8/25/34
....
152
152
FW1618720.UP.FTS.B
,
30
.08
%
,
8/25/34
..
301
301
L1612835.UP.FTS.B
,
11
.9
%
,
8/26/34
.....
134
133
3,765,870
Total
Marketplace
Loans
(Cost
$
42,902,608
)
.....
$36,872,388
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited),
July
31,
2024
Franklin
Total
Return
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
243
At
July
31,
2024
,
the
Fund
had
the
following futures
contracts
outstanding.
At
July
31,
2024
,
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
375
$
41,929,688
9/19/24
$
(
422,408
)
U.S.
Treasury
10
Year
Ultra
Notes
................
Short
1,322
152,794,281
9/19/24
(
4,463,550
)
U.S.
Treasury
2
Year
Notes
.....................
Long
514
105,558,735
9/30/24
996,190
U.S.
Treasury
5
Year
Notes
.....................
Long
1,735
187,190,234
9/30/24
4,368,445
U.S.
Treasury
Long
Bonds
.....................
Short
123
14,856,094
9/19/24
(
630,558
)
U.S.
Treasury
Ultra
Bonds
......................
Long
30
3,839,062
9/19/24
216,515
Total
Futures
Contracts
......................................................................
$64,634
*
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
Japanese
Yen
......
JPHQ
Buy
1,145,000,000
7,762,192
10/04/24
$
—
$
(
46,111
)
Total
Forward
Exchange
Contracts
...................................................
—
$(46,111)
Net
unrealized
appreciation
(depreciation)
............................................
$(46,111)
*
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.
244
At
July
31,
2024
,
the
Fund
had
the
following credit
default
swap
contracts outstanding.
At
July
31,
2024
,
the
Fund
had
the
following interest
rate 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.HY.42
.
(5.00)%
Quarterly
6/20/29
24,000,000
$
(
1,772,137
)
$
(
1,547,056
)
$
(
225,081
)
Total
Centrally
Cleared
Swap
Contracts
.....................................
$(1,772,137)
$(1,547,056)
$(225,081)
OTC
Swap
Contracts
Contracts
to
Sell
Protection
(c)
(d)
Single
Name
Carnival
Corp.
..
1.00%
Quarterly
CITI
6/20/27
4,980,000
(
25,832
)
(
520,558
)
494,726
BB
Traded
Index
CDX.NA.HY.33
.
5.00%
Quarterly
CITI
12/20/24
37,700,000
959,304
(
34,752
)
994,056
Non-
Investment
Grade
CDX.NA.HY.39
.
5.00%
Quarterly
JPHQ
12/20/27
16,900,000
1,379,837
807,292
572,545
Non-
Investment
Grade
CDX.NA.IG.41
..
1.00%
Quarterly
CITI
12/20/28
31,300,000
(
966,381
)
(
918,392
)
(
47,989
)
Investment
Grade
Total
OTC
Swap
Contracts
..............................................
$1,346,928
$(666,410)
$2,013,338
Total
Credit
Default
Swap
Contracts
....................................
$(425,209)
$
(
2,213,466
)
$1,788,257
(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.
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
$
3,060,689
$
1,709
$
3,058,980
Total
Interest
Rate
Swap
Contracts
....................................
$3,060,689
$
1,709
$3,058,980
*
In
U.S.
dollars
unless
otherwise
indicated.
Franklin
Investors
Securities
Trust
Schedule
of
Investments
(unaudited)
Franklin
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
245
At
July
31,
2024
,
the
Fund
had
the
following total
return swap
contracts
outstanding.
See
A
bbreviations
on
page
259
.
Total
Return
Swap
Contracts
Underlying
Instruments
Financing
Rate
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Value
*
Value/
Unrealized
Appreciation
(Depreciation)
OTC
Swap
Contracts
Long
(a)
Markit
iBoxx
USD
Liquid
Leveraged
Loans
Total
Return
Index
...........................
1-day
SOFR
Quarterly
BNDP
9/20/24
30,000,000
$
1,282,156
Markit
iBoxx
USD
Liquid
Leveraged
Loans
Total
Return
Index
...........................
1-day
SOFR
Quarterly
MSCO
9/20/24
30,000,000
305,936
Total
Return
Swap
Contracts
....................................................................
$1,588,092
*
In
U.S.
dollars
unless
otherwise
indicated.
(a)
The
Fund
receives
the
total
return
on
the
underlying
instrument
and
pays
a
variable
financing
rate.
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
246
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 eight
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.
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.
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. 
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. 
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
247
Quarterly
Schedules
of
Investments
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.
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,
2024,
investments
in
restricted
securities,
excluding
securities
exempt
from
registration
under
the
Securities
Act
of
1933,
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
$—
as
of
July
31,
2024.
2. Financial
Instrument
Valuation
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
248
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,
2024,
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,
2024,
investments
in
“affiliated
companies”
were
as
follows:
Borrower
Unfunded
Commitment
Franklin
Floating
Rate
Daily
Access
Fund
ABG
Intermediate
Holdings
2
LLC
$
835,459
Chrysaor
Bidco
SARL
102,528
Epicor
Software
Corp.
1,215,952
$
2,153,939
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
Non-Controlled
Affiliates
Dividends
Onsite
Rental
Group
Operations
Pty.
Ltd.,
Escrow
Account
....
$
—
$
—
$
(359,138)
a
$
359,138
$
—
$
—
b
—
$
—
Quarternorth
Energy
Holding,
Inc.
......
68,112,343
—
(88,444,982)
a
39,971,319
(19,638,680)
—
b
—
—
UTEX
Industries,
Inc.
..
16,595,090
—
—
—
(5,444,496)
11,150,594
261,340
141,099
UTEX
Industries,
Inc.,
2/20/49
..........
1,185
—
—
—
(1,125)
60
634
—
Total
Affiliated
Securities
(Value
is
0.8%
of
Net
Assets)
..........
$84,708,618
$—
$(88,804,120)
$40,330,457
$(25,084,301)
$11,150,654
$141,099
a
May
include
accretion,
amortization,
and/or
other
cost
basis
adjustments.
b
As
of
July
31,
2024,
no
longer
held
by
the
fund.
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
249
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,
2024,
investments
in
affiliated
management
investment
companies
were
as
follows: 
    aa
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares
Held
at
End
of
Period
Investment
Income
a      
a  
a  
a  
a  
a  
a  
a  
Franklin
Convertible
Securities
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
5.002%
$79,626,510
$696,513,738
$(734,213,833)
$—
$—
$41,926,415
41,926,415
$2,653,139
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
5.002%
$—
$15,728,000
$(15,728,000)
$—
$—
$—
—
$2,192
Total
Affiliated
Securities
...
$79,626,510
$712,241,738
$(749,941,833)
$—
$—
$41,926,415
$2,655,331
Franklin
Equity
Income
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
5.002%
$114,853,407
$563,358,615
$(635,253,389)
$—
$—
$42,958,633
42,958,633
$3,213,683
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
5.002%
$—
$109,942,000
$(95,912,000)
$—
$—
$14,030,000
14,030,000
$466,887
Total
Affiliated
Securities
...
$114,853,407
$673,300,615
$(731,165,389)
$—
$—
$56,988,633
$3,680,570
Franklin
Floating
Rate
Daily
Access
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
5.002%
$69,605,515
$13,487,642
$(9,884,674)
$—
$—
$73,208,483
73,208,483
$2,754,030
Total
Affiliated
Securities
...
$69,605,515
$13,487,642
$(9,884,674)
$—
$—
$73,208,483
$2,754,030
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
250
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
Long
Duration
Credit
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
5.002%
$19,752,974
$18,931,401
$(38,515,384)
$—
$—
$168,991
168,991
$18,529
Total
Affiliated
Securities
...
$19,752,974
$18,931,401
$(38,515,384)
$—
$—
$168,991
$18,529
Franklin
Low
Duration
Total
Return
Fund
Non-Controlled
Affiliates
Dividends
Franklin
Floating
Rate
Income
Fund
..................
$49,548,481
$—
$(47,436,579)
a
$(2,725,535)
$613,633
$—
—
$2,035,516
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
5.002%
43,685,347
39,793,526
(43,445,115)
—
—
40,033,758
40,033,758
1,531,874
Total
Affiliated
Securities
...
$93,233,828
$39,793,526
$(90,881,694)
$(2,725,535)
$613,633
$40,033,758
$3,567,390
Franklin
Low
Duration
U.S.
Government
Securities
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
5.002%
$9,206,156
$89,911,316
$(81,841,039)
$—
$—
$17,276,433
17,276,433
$519,729
Total
Affiliated
Securities
...
$9,206,156
$89,911,316
$(81,841,039)
$—
$—
$17,276,433
$519,729
Franklin
Managed
Income
Fund
Non-Controlled
Affiliates
Dividends
Franklin
U.S.
Low
Volatility
ETF
$36,332,400
$—
$(39,221,536)
$10,667,686
$(7,778,550)
$—
—
$—
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
5.002%
17,699,568
639,224,064
(612,217,539)
—
—
44,706,093
44,706,093
1,521,275
Western
Asset
Diversified
Income
Fund
.............
3,116,240
3,496,542
(7,048,694)
234,745
201,167
—
—
393,127
Total
Non-Controlled
Affiliates
$57,148,208
$642,720,606
$(658,487,769)
$10,902,431
$(7,577,383)
$44,706,093
$1,914,402
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
5.002%
$—
$96,822,000
$(82,136,000)
$—
$—
$14,686,000
14,686,000
$335,255
Total
Affiliated
Securities
...
$57,148,208
$739,542,606
$(740,623,769)
$10,902,431
$(7,577,383)
$59,392,093
$2,249,657
6.
Investments
in
Affiliated
Management
Investment
Companies 
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
251
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,
2024,
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
Non-Controlled
Affiliates
Dividends
Franklin
Floating
Rate
Income
Fund
..................
$26,002,517
$—
$(24,894,213)
a
$(1,731,315)
$623,011
$—
—
$1,068,217
Franklin
Investment
Grade
Corporate
ETF
...........
274,724,000
—
(293,128,855)
(57,312,245)
75,717,100
—
—
4,200,315
Franklin
Senior
Loan
ETF
....
41,662,852
—
(42,193,126)
(1,470,103)
2,000,377
—
—
850,838
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
5.002%
77,626,917
465,645,143
(477,959,932)
—
—
65,312,128
65,312,128
1,745,717
Total
Non-Controlled
Affiliates
$420,016,286
$465,645,143
$(838,176,126)
$(60,513,663)
$78,340,488
$65,312,128
$7,865,087
Total
Affiliated
Securities
...
$420,016,286
$465,645,143
$(838,176,126)
$(60,513,663)
$78,340,488
$65,312,128
$7,865,087
a
Includes
in-kind
activity.
Level
1
Level
2
Level
3
Total
Franklin
Convertible
Securities
Fund
Assets:
Investments
in
Securities:
a
Common
Stocks
.........................
$
26,458,462
$
—
$
—
$
26,458,462
Convertible
Preferred
Stocks
................
195,813,304
—
—
195,813,304
Convertible
Bonds
.......................
—
2,369,842,066
—
2,369,842,066
Short
Term
Investments
...................
41,926,415
—
—
41,926,415
Total
Investments
in
Securities
...........
$264,198,181
$2,369,842,066
$—
$2,634,040,247
6.
Investments
in
Affiliated
Management
Investment
Companies 
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
252
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Equity
Income
Fund
Assets:
Investments
in
Securities:
a
Common
Stocks
.........................
$
3,480,402,421
$
—
$
—
$
3,480,402,421
Equity-Linked
Securities
...................
—
394,557,266
—
394,557,266
Convertible
Preferred
Stocks
................
116,372,400
—
—
116,372,400
Short
Term
Investments
...................
56,988,633
—
—
56,988,633
Total
Investments
in
Securities
...........
$3,653,763,454
$394,557,266
$—
$4,048,320,720
Franklin
Floating
Rate
Daily
Access
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Hotels,
Restaurants
&
Leisure
.............
—
53,536
—
53,536
Machinery
............................
—
11,150,594
—
11,150,594
Oil,
Gas
&
Consumable
Fuels
.............
11,386,090
—
—
11,386,090
Management
Investment
Companies
.........
12,929,595
—
—
12,929,595
Preferred
Stocks
.........................
—
59,648
—
59,648
Warrants
...............................
—
—
60
60
Corporate
Bonds
........................
—
81,409,996
—
81,409,996
Senior
Floating
Rate
Interests
...............
—
1,263,903,720
—
1,263,903,720
Asset-Backed
Securities
...................
—
7,018,631
—
7,018,631
Escrows
and
Litigation
Trusts
...............
—
—
—
b
—
Short
Term
Investments
...................
73,208,483
19,023,255
—
92,231,738
Total
Investments
in
Securities
...........
$97,524,168
$1,382,619,380
$60
$1,480,143,608
Other
Financial
Instruments:
Unfunded
Loan
Commitments
..............
$—
$14,427
$—
$14,427
Total
Other
Financial
Instruments
.........
$—
$14,427
$—
$14,427
Franklin
Long
Duration
Credit
Fund
Assets:
Investments
in
Securities:
a
Corporate
Bonds
........................
—
82,866,255
—
82,866,255
Foreign
Government
and
Agency
Securities
....
—
2,638,505
—
2,638,505
U.S.
Government
and
Agency
Securities
.......
—
1,049,850
—
1,049,850
Municipal
Bonds
.........................
—
226,034
—
226,034
Short
Term
Investments
...................
168,991
—
—
168,991
Total
Investments
in
Securities
...........
$168,991
$86,780,644
$—
$86,949,635
Franklin
Low
Duration
Total
Return
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Broadline
Retail
.......................
—
—
—
b
—
Hotels,
Restaurants
&
Leisure
.............
—
4,635
—
4,635
Machinery
............................
—
393,731
—
393,731
Specialty
Retail
........................
—
—
—
b
—
Preferred
Stocks
.........................
—
5,165
—
5,165
Warrants
...............................
—
—
75
75
Corporate
Bonds
:
Aerospace
&
Defense
...................
—
18,027,951
—
18,027,951
Air
Freight
&
Logistics
...................
—
1,700,000
—
1,700,000
Automobile
Components
.................
—
2,149,318
—
2,149,318
Automobiles
..........................
—
17,848,538
—
17,848,538
Banks
...............................
—
235,003,023
—
235,003,023
Beverages
...........................
—
4,071,695
—
4,071,695
Biotechnology
.........................
—
12,219,095
—
12,219,095
7. Fair
Value
Measurements 
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
253
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:
Broadline
Retail
.......................
$
—
$
—
$
—
b
$
—
Building
Products
......................
—
8,315,344
—
8,315,344
Capital
Markets
........................
—
73,244,596
—
73,244,596
Chemicals
...........................
—
3,462,806
—
3,462,806
Commercial
Services
&
Supplies
...........
—
6,421,761
—
6,421,761
Communications
Equipment
..............
—
846,000
—
846,000
Consumer
Finance
.....................
—
28,227,580
—
28,227,580
Consumer
Staples
Distribution
&
Retail
......
—
7,453,954
—
7,453,954
Containers
&
Packaging
.................
—
1,860,320
—
1,860,320
Diversified
Consumer
Services
............
—
1,883,999
—
1,883,999
Diversified
REITs
......................
—
4,040,967
—
4,040,967
Diversified
Telecommunication
Services
.....
—
21,247,999
—
21,247,999
Electric
Utilities
........................
—
46,919,087
—
46,919,087
Energy
Equipment
&
Services
.............
—
1,672,639
—
1,672,639
Entertainment
.........................
—
19,890,708
—
19,890,708
Financial
Services
......................
—
14,002,928
—
b
14,002,928
Food
Products
........................
—
13,881,900
—
13,881,900
Ground
Transportation
..................
—
4,066,183
—
4,066,183
Health
Care
Equipment
&
Supplies
.........
—
8,219,430
—
8,219,430
Health
Care
Providers
&
Services
..........
—
26,830,284
—
26,830,284
Health
Care
REITs
.....................
—
3,282,957
—
3,282,957
Health
Care
Technology
.................
—
3,450,216
—
3,450,216
Hotel
&
Resort
REITs
...................
—
1,137,808
—
1,137,808
Hotels,
Restaurants
&
Leisure
.............
—
9,862,623
—
9,862,623
Household
Durables
....................
—
4,113,928
—
4,113,928
Industrial
REITs
.......................
—
7,879,782
—
7,879,782
Insurance
............................
—
97,306,063
—
97,306,063
Interactive
Media
&
Services
..............
—
12,768,893
—
12,768,893
Life
Sciences
Tools
&
Services
............
—
4,891,255
—
4,891,255
Machinery
............................
—
1,622,720
—
1,622,720
Media
...............................
—
10,205,520
—
10,205,520
Metals
&
Mining
.......................
—
952,479
—
952,479
Multi-Utilities
..........................
—
12,519,633
—
12,519,633
Oil,
Gas
&
Consumable
Fuels
.............
—
47,459,102
—
47,459,102
Passenger
Airlines
.....................
—
3,177,161
—
3,177,161
Personal
Care
Products
.................
—
18,173,423
—
18,173,423
Pharmaceuticals
.......................
—
30,120,634
—
30,120,634
Semiconductors
&
Semiconductor
Equipment
.
—
10,175,016
—
10,175,016
Specialized
REITs
......................
—
1,332,191
—
1,332,191
Specialty
Retail
........................
—
5,099,198
—
5,099,198
Technology
Hardware,
Storage
&
Peripherals
.
—
5,690,905
—
5,690,905
Textiles,
Apparel
&
Luxury
Goods
..........
—
7,526,167
—
7,526,167
Tobacco
.............................
—
12,419,229
—
12,419,229
Trading
Companies
&
Distributors
..........
—
6,340,387
—
6,340,387
Wireless
Telecommunication
Services
.......
—
7,161,237
—
7,161,237
Senior
Floating
Rate
Interests
...............
—
44,475,573
—
44,475,573
Marketplace
Loans
.......................
—
—
38,727,891
38,727,891
Foreign
Government
and
Agency
Securities
....
—
31,517,429
—
31,517,429
U.S.
Government
and
Agency
Securities
.......
—
320,718,690
—
320,718,690
Asset-Backed
Securities
...................
—
392,362,160
—
392,362,160
Commercial
Mortgage-Backed
Securities
......
—
43,723,804
—
43,723,804
Mortgage-Backed
Securities
................
—
25,299,196
—
25,299,196
7. Fair
Value
Measurements 
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
254
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Low
Duration
Total
Return
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
Commercial
Mortgage-Backed
Securities
Municipal
Bonds
.........................
$
—
$
17,633,662
$
—
$
17,633,662
Residential
Mortgage-Backed
Securities
.......
—
84,710,855
—
84,710,855
Escrows
and
Litigation
Trusts
...............
—
61,750
—
b
61,750
Short
Term
Investments
...................
40,033,758
36,375,380
—
76,409,138
Total
Investments
in
Securities
...........
$40,033,758
$1,905,458,662
$38,727,966
$1,984,220,386
Other
Financial
Instruments:
Futures
Contracts
.......................
$7,557,206
$—
$—
$7,557,206
Swap
Contracts
.........................
—
999,116
—
999,116
Total
Other
Financial
Instruments
.........
$7,557,206
$999,116
$—
$8,556,322
Liabilities:
Other
Financial
Instruments:
Futures
Contracts
........................
$3,595,994
$—
$—
$3,595,994
Swap
Contracts
.........................
—
18,552
—
18,552
Total
Other
Financial
Instruments
.........
$3,595,994
$18,552
$—
$3,614,546
Franklin
Low
Duration
U.S.
Government
Securities
Fund
Assets:
Investments
in
Securities:
a
U.S.
Government
and
Agency
Securities
.......
—
69,217,021
—
69,217,021
Mortgage-Backed
Securities
................
—
243,472,416
—
243,472,416
Agency
Commercial
Mortgage-Backed
Securities
—
85,675,756
—
85,675,756
Short
Term
Investments
...................
17,276,433
—
—
17,276,433
Total
Investments
in
Securities
...........
$17,276,433
$398,365,193
$—
$415,641,626
Other
Financial
Instruments:
Futures
Contracts
.......................
$1,060,147
$—
$—
$1,060,147
Total
Other
Financial
Instruments
.........
$1,060,147
$—
$—
$1,060,147
Liabilities:
Other
Financial
Instruments:
Futures
Contracts
........................
$428,129
$—
$—
$428,129
Total
Other
Financial
Instruments
.........
$428,129
$—
$—
$428,129
Franklin
Managed
Income
Fund
Assets:
Investments
in
Securities:
a
Common
Stocks
.........................
1,177,365,431
—
—
1,177,365,431
Equity-Linked
Securities
...................
—
310,661,389
—
310,661,389
Convertible
Preferred
Stocks
................
32,812,800
—
—
32,812,800
Corporate
Bonds
........................
—
1,582,662,154
—
1,582,662,154
U.S.
Government
and
Agency
Securities
.......
—
173,665,723
—
173,665,723
Asset-Backed
Securities
...................
—
10,448,060
—
10,448,060
Mortgage-Backed
Securities
................
—
175,759,381
—
175,759,381
Short
Term
Investments
...................
59,392,093
—
—
59,392,093
Total
Investments
in
Securities
...........
$1,269,570,324
$2,253,196,707
$—
$3,522,767,031
Other
Financial
Instruments:
Futures
Contracts
.......................
$2,822,030
$—
$—
$2,822,030
Total
Other
Financial
Instruments
.........
$2,822,030
$—
$—
$2,822,030
7. Fair
Value
Measurements 
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
255
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Managed
Income
Fund
(continued)
Liabilities:
Other
Financial
Instruments:
Options
Written
..........................
$6,775,500
$—
$—
$6,775,500
Total
Other
Financial
Instruments
.........
$6,775,500
$—
$—
$6,775,500
Franklin
Total
Return
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Broadline
Retail
.......................
$
—
$
—
$
—
b
$
—
Energy
Equipment
&
Services
.............
191,367
—
—
191,367
Hotels,
Restaurants
&
Leisure
.............
—
2,432
—
2,432
Machinery
............................
—
206,636
—
206,636
Preferred
Stocks
:
Banks
...............................
2,712,810
—
—
2,712,810
Hotels,
Restaurants
&
Leisure
.............
—
2,710
—
2,710
Warrants
...............................
—
—
40
40
Corporate
Bonds
:
Aerospace
&
Defense
...................
—
29,150,098
—
29,150,098
Air
Freight
&
Logistics
...................
—
3,300,000
—
3,300,000
Automobiles
..........................
—
1,625,339
—
1,625,339
Banks
...............................
—
230,300,647
—
230,300,647
Beverages
...........................
—
4,980,670
—
4,980,670
Biotechnology
.........................
—
43,413,138
—
43,413,138
Broadline
Retail
.......................
—
—
—
b
—
Building
Products
......................
—
18,350,457
—
18,350,457
Capital
Markets
........................
—
76,489,243
—
76,489,243
Chemicals
...........................
—
10,292,859
—
10,292,859
Commercial
Services
&
Supplies
...........
—
6,534,944
—
6,534,944
Communications
Equipment
..............
—
14,649,683
—
14,649,683
Consumer
Finance
.....................
—
24,384,487
—
24,384,487
Consumer
Staples
Distribution
&
Retail
......
—
17,731,757
—
17,731,757
Containers
&
Packaging
.................
—
6,217,351
—
6,217,351
Diversified
REITs
......................
—
3,625,954
—
3,625,954
Diversified
Telecommunication
Services
.....
—
37,909,910
—
37,909,910
Electric
Utilities
........................
—
55,146,881
—
55,146,881
Electrical
Equipment
....................
—
2,302,061
—
2,302,061
Electronic
Equipment,
Instruments
&
Components
........................
—
7,395,892
—
7,395,892
Energy
Equipment
&
Services
.............
—
7,775,966
—
7,775,966
Entertainment
.........................
—
10,771,746
—
10,771,746
Financial
Services
......................
—
29,887,604
—
29,887,604
Food
Products
........................
—
29,096,044
—
29,096,044
Ground
Transportation
..................
—
18,291,922
—
18,291,922
Health
Care
Equipment
&
Supplies
.........
—
26,367,383
—
26,367,383
Health
Care
Providers
&
Services
..........
—
62,009,644
—
62,009,644
Health
Care
REITs
.....................
—
9,666,117
—
9,666,117
Health
Care
Technology
.................
—
4,495,736
—
4,495,736
Hotel
&
Resort
REITs
...................
—
5,970,393
—
5,970,393
Hotels,
Restaurants
&
Leisure
.............
—
15,189,005
—
15,189,005
Household
Durables
....................
—
6,864,706
—
6,864,706
Independent
Power
and
Renewable
Electricity
Producers
..........................
—
9,555,779
—
9,555,779
Insurance
............................
—
73,146,977
—
73,146,977
Interactive
Media
&
Services
..............
—
19,133,182
—
19,133,182
Life
Sciences
Tools
&
Services
............
—
1,498,516
—
1,498,516
7. Fair
Value
Measurements 
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
256
Quarterly
Schedules
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Total
Return
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
Corporate
Bonds:
Machinery
............................
$
—
$
3,143,729
$
—
$
3,143,729
Media
...............................
—
42,400,146
—
42,400,146
Metals
&
Mining
.......................
—
7,456,162
—
7,456,162
Multi-Utilities
..........................
—
13,630,971
—
13,630,971
Oil,
Gas
&
Consumable
Fuels
.............
—
98,098,174
—
98,098,174
Paper
&
Forest
Products
.................
—
1,906,872
—
1,906,872
Passenger
Airlines
.....................
—
13,259,540
—
13,259,540
Personal
Care
Products
.................
—
12,855,558
—
12,855,558
Pharmaceuticals
.......................
—
36,437,389
—
36,437,389
Software
.............................
—
6,067,307
—
6,067,307
Technology
Hardware,
Storage
&
Peripherals
.
—
1,986,372
—
1,986,372
Textiles,
Apparel
&
Luxury
Goods
..........
—
18,094,133
—
18,094,133
Tobacco
.............................
—
23,271,033
—
23,271,033
Trading
Companies
&
Distributors
..........
—
14,331,437
—
14,331,437
Wireless
Telecommunication
Services
.......
—
17,998,426
—
17,998,426
Senior
Floating
Rate
Interests
...............
—
46,285,933
—
46,285,933
Marketplace
Loans
.......................
—
—
36,872,388
36,872,388
Foreign
Government
and
Agency
Securities
....
—
45,585,089
—
45,585,089
U.S.
Government
and
Agency
Securities
.......
—
703,068,920
—
703,068,920
Asset-Backed
Securities
...................
—
219,200,440
—
219,200,440
Commercial
Mortgage-Backed
Securities
......
—
58,540,536
—
58,540,536
Mortgage-Backed
Securities
................
—
1,057,132,314
—
1,057,132,314
Municipal
Bonds
.........................
—
58,862,865
—
58,862,865
Residential
Mortgage-Backed
Securities
.......
—
98,524,479
—
98,524,479
Agency
Commercial
Mortgage-Backed
Securities
—
373,124
—
373,124
Escrows
and
Litigation
Trusts
...............
—
97,500
—
b
97,500
Options
Purchased
.......................
—
235,699
—
235,699
Short
Term
Investments
...................
65,312,128
—
—
65,312,128
Total
Investments
in
Securities
...........
$68,216,305
$3,522,578,017
$36,872,428
$3,627,666,750
Other
Financial
Instruments:
Futures
Contracts
.......................
$5,581,150
$—
$—
$5,581,150
Swap
Contracts
.........................
—
6,708,399
—
6,708,399
Total
Other
Financial
Instruments
.........
$5,581,150
$6,708,399
$—
$12,289,549
Liabilities:
Other
Financial
Instruments:
Forward
Exchange
Contracts
...............
$—
$46,111
$—
$46,111
Futures
Contracts
........................
5,516,516
—
—
5,516,516
Options
Written
..........................
—
51,662
—
51,662
Swap
Contracts
.........................
—
273,070
—
273,070
Total
Other
Financial
Instruments
.........
$5,516,516
$370,843
$—
$5,887,359
a
For
detailed
categories,
see
the
accompanying
Schedule
of
Investments.
b
Includes
financial
instruments
determined
to
have
no
value.
7. Fair
Value
Measurements 
(continued)
Franklin
Investors
Securities
Trust
Notes
to
Schedules
of
Investments
(unaudited)
257
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,
2024,
the
reconciliations
are
as
follows:
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
Low
Duration
Total
Return
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Broadline
Retail
.....
$
—
c
$
—
$
—
$
—
$
—
$
—
$
—
$
—
$
—
c
$
—
Specialty
Retail
.....
—
72,988
—
—
—
—
—
(72,988)
—
c
(72,988)
Warrants
:
Machinery
.........
—
699
—
—
—
—
—
(624)
75
(624)
Corporate
Bonds
:
Broadline
Retail
.....
—
c
—
—
—
—
—
—
—
—
c
—
Financial
Services
...
818,811
—
—
—
—
(2,181)
—
(816,630)
—
c
(816,630)
Marketplace
Loans
:
Financial
Services
...
55,313,777
10,706,761
(27,012,439)
—
—
—
(274,751)
(5,457)
38,727,891
(1,774,418)
Escrows
and
Litigation
Trusts
:
—
c
—
—
—
—
—
—
—
—
c
—
Total
Investments
in
Securities
............
$56,132,588
$10,780,448
$(27,012,439)
$—
$—
$(2,181)
$(274,751)
$(895,699)
$38,727,966
$(2,664,660)
Franklin
Total
Return
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Broadline
Retail
.....
—
c
—
—
—
—
—
—
—
—
c
—
Warrants
:
Machinery
.........
—
367
—
—
—
—
—
(327)
40
(327)
Corporate
Bonds
:
Broadline
Retail
.....
—
c
—
—
—
—
—
—
—
—
c
—
Marketplace
Loans
:
Financial
Services
...
48,961,503
13,808,311
(25,834,256)
—
—
—
(1,089,802)
1,026,632
36,872,388
(854,497)
Commercial
Mortgage-
Backed
Securities
:
Financial
Services
...
480
—
(480)
—
—
—
22
(22)
—
—
Escrows
and
Litigation
Trusts
:
—
c
—
—
—
—
—
—
—
—
c
—
Total
Investments
in
Securities
............
$48,961,983
$13,808,678
$(25,834,736)
$—
$—
$—
$(1,089,780)
$1,026,283
$36,872,428
$(854,824)
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)
258
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,
2024,
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:
Financial
Services
........
$38,727,891
Discounted
cash
flow
Loss-adjusted
discount
rate
0.5%
-
19.9%
(9.6%)
Decrease
Projected
loss
rate
1.0%
-
87.1%
(18.1%)
Decrease
All
other
investments
..........
75
c,d
Total
.......................
$38,727,966
Franklin
Total
Return
Fund
Assets:
Investments
in
Securities:
Marketplace
Loans:
Financial
Services
........
$36,872,388
Discounted
cash
flow
Loss-adjusted
discount
rate
2.3%
-
21.0%
(9.8%)
Decrease
Projected
loss
rate
1.0%
-
53.8%
(17.5%)
Decrease
All
other
investments
..........
40
c,d
Total
.......................
$36,872,428
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)
259
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
USD
United
States
Dollar
Index
CDX.NA.HY.
Series
number
CDX
North
America
High
Yield
Index
CDX.NA.IG.
Series
number
CDX
North
America
Investment
Grade
Index
The
following
reference
rates,
and
their
values
as
of
period
end,
are
used
for
security
descriptions:
Reference
Index
Reference
Rate
1-day
SOFR
........................
5.38%
Selected
Portfolio
ADR
American
Depositary
Receipt
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
ETM
Escrowed
to
Maturity
FFCB
Federal
Farm
Credit
Banks
Funding
Corp.
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
IBOR
Interbank
Offered
Rate
MBS
Mortgage-Backed
Security
PIK
Payment-In-Kind
REIT
Real
Estate
Investment
Trust
REMIC
Real
Estate
Mortgage
Investment
Conduit
SOFR
Secured
Overnight
Financing
Rate
STACR
Structured
Agency
Credit
Risk
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.