# EDGAR Filing Document

**Accession Number:** 0000809707
**File Stem:** 0001752724-23-067944
**Filing Date:** 2023-3
**Character Count:** 108395
**Document Hash:** 5a28ebe47ce208af5e5e806b8e6cced6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067944.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067944

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Investors Securities Trust
- **CENTRAL INDEX KEY:** 0000809707
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04986
- **FILM NUMBER:** 23764138

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2200

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN INVESTORS SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Franklin Managed Income Fund (Series ID: S000012705)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000034238 | Class A       | FBLAX           |
| C000034239 | Class C       | FBMCX           |
| C000034240 | Class R       | FBFQX           |
| C000034241 | Advisor Class | FBFZX           |
| C000128884 | Class R6      | FBFRX           |

## Nport-Ex

<!-- Failed to render or process positioned HTML file '0001752724-23-067944.txt': Page.pdf: Protocol error (Page.printToPDF): Printing failed -->

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Franklin Investors Securities Trust

- **b. Investment Company Act file number:** 811-04986

- **c. CIK number of Registrant:** 0000809707

- **d. LEI of Registrant:** 549300XUGIR9DEQFV548

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Franklin Managed Income Fund

- **b. EDGAR series identifier (if any):** S000012705

- **c. LEI of Series:** XM9TFFPJNQZE8D26W802

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $3891686894.64

**Total Liabilities:** $14029862.26

**Net Assets:** $3877657032.38

**Cash Not Reported:** $8.20

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** -30605.58000000 | **5-Year:** -361335.59000000 | **10-Year:** -654773.42000000 | **30-Year:** -146721.61000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** -17052.09000000 | **5-Year:** -125192.98000000 | **10-Year:** -61037.69000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034241 | 5.49%                | -1.49%               | 3.70%                |
| Class ID C000034240 | 5.44%                | -1.54%               | 3.66%                |
| Class ID C000034239 | 5.37%                | -1.61%               | 3.66%                |
| Class ID C000034238 | 5.48%                | -1.52%               | 3.69%                |
| Class ID C000128884 | 5.49%                | -1.49%               | 3.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5067518.14              | $180970111.85                              |
| Month 2  | $8601376.52              | $-77966191.48                              |
| Month 3  | $18318494.28             | $108892745.08                              |

### Schedule of Portfolio Investments

| Name                                                                               | Title                                                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States of America                                                           | U.S. Treasury Bonds                                                                | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27500000 | PA      | $24339648.30  | 0.63%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.                                  | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.                                  | CUSIP: 983130AV7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3891809.60   | 0.10%             | 2025-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Toll Brothers Finance Corp.                                                        | Toll Brothers Finance Corp.                                                        | CUSIP: 88947EAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9411742.60   | 0.24%             | 2028-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                             | JPMorgan Chase Bank NA, Series EMUA                                                | CUSIP: 48128Q561<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | SN               | CORP              | US        |    450000 | NS      | $15408200.25  | 0.40%             | 2024-02-02      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.                          | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.                          | CUSIP: 46590XAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4229790.25   | 0.11%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Honeywell International, Inc.                                                      | CUSIP: 00P9RC0R0<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1000 | NC      | $-83000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma plc                                                                 | Royalty Pharma plc                                                                 | CUSIP: 78081BAN3<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |  20000000 | PA      | $15909232.40  | 0.41%             | 2031-09-02      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                          | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                          | CUSIP: 00774MAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  20000000 | PA      | $16500447.00  | 0.43%             | 2033-10-29      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                                                  | Exxon Mobil Corp.                                                                  | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    300000 | NS      | $34803000.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Bonds                                                                | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50000000 | PA      | $53476562.50  | 1.38%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                          | Ford Motor Credit Co. LLC                                                          | CUSIP: 345397B69<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $12496215.45  | 0.32%             | 2031-06-17      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                           | Celanese US Holdings LLC                                                           | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20301593.20  | 0.52%             | 2029-07-15      | Fixed         | 6.33%                 | No            |                  2 | On Loan: —       |
| Flex Ltd.                                                                          | Flex Ltd.                                                                          | CUSIP: 33938XAB1<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |  20000000 | PA      | $19621531.00  | 0.51%             | 2030-05-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                                                | Post Holdings, Inc.                                                                | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13927326.75  | 0.36%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Philip Morris International, Inc.                                                  | CUSIP: 00CA4EYE4<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1000 | NC      | $-80000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.                                                  | American Electric Power Co., Inc.                                                  | CUSIP: 02557T307<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EP               | CORP              | US        |    200000 | NS      | $10290000.00  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                                                                       | Fiserv, Inc.                                                                       | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $18641417.80  | 0.48%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                  | Wells Fargo & Co.                                                                  | CUSIP: 95000U2L6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14616790.05  | 0.38%             | 2031-04-04      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                 | General Motors Financial Co., Inc.                                                 | CUSIP: 37045XDV5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $18716029.60  | 0.48%             | 2029-04-06      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                           | Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                           | CUSIP: 03969AAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $20509500.00  | 0.53%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                         | Occidental Petroleum Corp.                                                         | CUSIP: 674599EC5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10401068.30  | 0.27%             | 2028-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Texas Instruments, Inc.                                                            | CUSIP: 00CA6K8E7<br>LEI: N/A                  | N/A              | DE               |  | US        |     -3500 | NC      | $-525000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| 1375209 BC Ltd.                                                                    | 1375209 BC Ltd.                                                                    | CUSIP: 68251PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5454000 | PA      | $5440392.27   | 0.14%             | 2028-01-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Huntsman International LLC                                                         | Huntsman International LLC                                                         | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $18767546.40  | 0.48%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                 | T-Mobile USA, Inc.                                                                 | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $17922495.00  | 0.46%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| General Motors Co.                                                                 | General Motors Co.                                                                 | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14831946.90  | 0.38%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                                           | Bausch Health Cos., Inc.                                                           | CUSIP: 91911KAN2<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |  30000000 | PA      | $25551750.00  | 0.66%             | 2025-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Penn Entertainment, Inc.                                                           | Penn Entertainment, Inc.                                                           | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9410000.00   | 0.24%             | 2027-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | JPMorgan Chase & Co.                                                               | CUSIP: 00CAC61F5<br>LEI: N/A                  | N/A              | DE               |  | US        |     -4400 | NC      | $-176000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GSK Consumer Healthcare Capital US LLC                                             | GSK Consumer Healthcare Capital US LLC                                             | CUSIP: 36264FAM3<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $22902440.00  | 0.59%             | 2032-03-24      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Home Depot, Inc. (The)                                                             | CUSIP: 00CAG5MA1<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1500 | NC      | $-484500.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | Rio Tinto plc                                                                      | CUSIP: 00CA6H3X7<br>LEI: N/A                  | N/A              | DE               |  | US        |     -4000 | NC      | $-200000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60000000 | PA      | $63131250.00  | 1.63%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FMG Resources August 2006 Pty. Ltd.                                                | FMG Resources August 2006 Pty. Ltd.                                                | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |  15000000 | PA      | $14666625.00  | 0.38%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                                                   | ArcelorMittal SA                                                                   | CUSIP: 03938LBC7<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   7700000 | PA      | $7382760.15   | 0.19%             | 2029-07-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Barclays plc                                                                       | Barclays plc                                                                       | CUSIP: 06738ECD5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $16279999.20  | 0.42%             | 2028-11-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                   | Boeing Co. (The)                                                                   | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5052253.60   | 0.13%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| CommScope Technologies LLC                                                         | CommScope Technologies LLC                                                         | CUSIP: 20337YAA5<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9481700.00   | 0.24%             | 2025-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP into Microchip Technology, Inc.                           | Mizuho Markets Cayman LP into Microchip Technology, Inc.                           | CUSIP: 6068FP851<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |    629300 | NS      | $47420989.19  | 1.22%             | 2023-06-26      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                                               | Meta Platforms, Inc.                                                               | CUSIP: 30303M8H8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9302757.30   | 0.24%             | 2032-08-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Edison International                                                               | Edison International                                                               | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    350000 | NS      | $24115000.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines, Inc. / SkyMiles IP Ltd.                                           | Delta Air Lines, Inc. / SkyMiles IP Ltd.                                           | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24372305.75  | 0.63%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                                  | Johnson & Johnson                                                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    150000 | NS      | $24513000.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank plc                                                                  | Barclays Bank plc                                                                  | CUSIP: 06748F803<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |    725000 | NS      | $9579337.11   | 0.25%             | 2024-02-16      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                     | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $16503986.10  | 0.43%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                                                     | DTE Energy Co.                                                                     | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |    150000 | NS      | $17455500.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Calumet Specialty Products Partners LP / Calumet Finance Corp.                     | Calumet Specialty Products Partners LP / Calumet Finance Corp.                     | CUSIP: 131477AT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15730373.10  | 0.41%             | 2025-04-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems, Inc.                                                 | CHS/Community Health Systems, Inc.                                                 | CUSIP: 12543DBC3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  40000000 | PA      | $38667134.80  | 1.00%             | 2026-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Pfizer, Inc.                                                                       | Pfizer, Inc.                                                                       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    600000 | NS      | $26496000.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                           | PNC Financial Services Group, Inc. (The)                                           | CUSIP: 693475BJ3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10817327.60  | 0.28%             | 2033-10-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                             | Tenet Healthcare Corp.                                                             | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9362000.00   | 0.24%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                                        | Truist Bank                                                                        | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $18862639.80  | 0.49%             | 2029-09-17      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Ford Motor Co.                                                                     | Ford Motor Co.                                                                     | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14736875.25  | 0.38%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems, Inc.                                                 | CHS/Community Health Systems, Inc.                                                 | CUSIP: 12543DBD1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9441934.60   | 0.24%             | 2027-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Corpus Christi Holdings LLC                                               | Cheniere Corpus Christi Holdings LLC                                               | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9396506.20   | 0.24%             | 2029-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                                    | Citigroup, Inc.                                                                    | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10900268.00  | 0.28%             | 2033-11-17      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                | Medline Borrower LP                                                                | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $12843600.00  | 0.33%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Franklin Systematic Style Premia ETF                                               | Franklin Systematic Style Premia ETF                                               | CUSIP: 35473P546<br>LEI: 549300FEMFRM3FWBHG39 | Long             |  | RF                | US        |   1050000 | NS      | $22109115.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                                                        | United Parcel Service, Inc., Class B                                               | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    175000 | NS      | $32415250.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | American Electric Power Co., Inc.                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1600 | NC      | $-224000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.                                  | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.                                  | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $18919400.00  | 0.49%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                                       | Verizon Communications, Inc.                                                       | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $20609303.75  | 0.53%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan, Inc.                                                             | Freeport-McMoRan, Inc.                                                             | CUSIP: 35671DCE3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4747750.00   | 0.12%             | 2028-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | United Parcel Service, Inc.                                                        | CUSIP: 00CAFRN70<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1750 | NC      | $-334250.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CHS/Community Health Systems, Inc.                                                 | CHS/Community Health Systems, Inc.                                                 | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $12050558.80  | 0.31%             | 2030-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                         | US Bancorp                                                                         | CUSIP: 91159HJJ0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10748657.30  | 0.28%             | 2033-10-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                                             | Home Depot, Inc. (The)                                                             | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    150000 | NS      | $48625500.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                                                 | Altria Group, Inc.                                                                 | CUSIP: 02209SBL6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $11730942.45  | 0.30%             | 2032-02-04      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                   | Amazon.com, Inc.                                                                   | CUSIP: 023135CH7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9518748.90   | 0.25%             | 2032-04-13      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                             | Mauser Packaging Solutions Holding Co.                                             | CUSIP: 12429TAE4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19550600.00  | 0.50%             | 2025-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                                                       | AbbVie, Inc.                                                                       | CUSIP: 00287YCY3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14730507.60  | 0.38%             | 2035-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc into JPMorgan Chase & Co.                                        | Barclays Bank plc into JPMorgan Chase & Co.                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    275000 | NS      | $36708641.46  | 0.95%             | 2023-09-08      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Cmi   Nbc                                                                          | Cmi   Nbc                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |     45000 | NS      | $11238400.17  | 0.29%             | 2024-02-13      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Broadcom, Inc.                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -620 | NC      | $-316200.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group, Inc.                                                                | Expedia Group, Inc.                                                                | CUSIP: 30212PAP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14190086.40  | 0.37%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Edwards Lifesciences Corp.                                                         | Edwards Lifesciences Corp.                                                         | CUSIP: 28176EAD0<br>LEI: YA13X31F3V31L8TMPR58 | Long             | DBT              | CORP              | US        |   9700000 | PA      | $9538684.15   | 0.25%             | 2028-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | U.S. Treasury 10 Year Notes                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       900 | NC      | $1300470.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                                                                    | Citigroup, Inc.                                                                    | CUSIP: 172967KU4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19198180.40  | 0.50%             | 2028-07-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                                                | Huntington Ingalls Industries, Inc.                                                | CUSIP: 446413AL0<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9319406.70   | 0.24%             | 2027-12-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.         | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.         | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13500000 | PA      | $13655452.50  | 0.35%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                       | Pacific Gas and Electric Co.                                                       | CUSIP: 694308KJ5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10288859.60  | 0.27%             | 2033-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                                 | Southern Co. (The)                                                                 | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    500000 | NS      | $33840000.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp.                                                             | Tenet Healthcare Corp.                                                             | CUSIP: 88033GDR8<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8904100.00   | 0.23%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MetLife, Inc.                                                                      | MetLife, Inc.                                                                      | CUSIP: 59156RAP3<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10198803.30  | 0.26%             | 2036-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Citigroup, Inc.                                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2000 | NC      | $-96000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                                                                    | Citigroup, Inc.                                                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    350000 | NS      | $18277000.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita, Inc.                                                                       | DaVita, Inc.                                                                       | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |  10500000 | PA      | $8177452.50   | 0.21%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Southern Co. (The)                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2000 | NC      | $-64000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances, Inc.                                           | International Flavors & Fragrances, Inc.                                           | CUSIP: 459506AQ4<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8297341.40   | 0.21%             | 2030-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Lockheed Martin Corp.                                                              | CUSIP: 00CA4AFD5<br>LEI: N/A                  | N/A              | DE               |  | US        |      -750 | NC      | $-86250.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | DTE Energy Co.                                                                     | CUSIP: 00CA655J2<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1500 | NC      | $-330000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BAT Capital Corp.                                                                  | BAT Capital Corp.                                                                  | CUSIP: 05526DBW4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13878429.90  | 0.36%             | 2032-03-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC | Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC | CUSIP: 85208NAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4218750 | PA      | $4186153.45   | 0.11%             | 2029-09-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV into AbbVie, Inc.                                          | BNP Paribas Issuance BV into AbbVie, Inc.                                          | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |    145000 | NS      | $21387769.57  | 0.55%             | 2023-02-23      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                       | Pacific Gas and Electric Co.                                                       | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $23341781.25  | 0.60%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                     | Broadcom, Inc.                                                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     62297 | NS      | $36444367.97  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Markets Cayman LP into Workday, Inc.                                        | Mizuho Markets Cayman LP into Workday, Inc.                                        | CUSIP: 6068FP869<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |    289000 | NS      | $47311407.19  | 1.22%             | 2023-08-03      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                                | Bank of America Corp.                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4500 | NC      | $-162000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                                              | Dominion Energy, Inc., Series A                                                    | CUSIP: 25746UDP1<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14531143.80  | 0.37%             | 2032-08-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Chevron Corp.                                                                      | CUSIP: 00CAF47Q7<br>LEI: N/A                  | N/A              | DE               |  | US        |     -2000 | NC      | $-170000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                                                               | NextEra Energy, Inc.                                                               | CUSIP: 65339F770<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    400000 | NS      | $19996000.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp.                                                              | Pilgrim's Pride Corp.                                                              | CUSIP: 72147KAF5<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |  21000000 | PA      | $18245115.00  | 0.47%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                                 | Crown Castle, Inc.                                                                 | CUSIP: 22822VAY7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8423029.90   | 0.22%             | 2031-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada into Analog Devices, Inc.                                     | Royal Bank of Canada into Analog Devices, Inc.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    145000 | NS      | $24089727.06  | 0.62%             | 2023-05-19      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                                                | Morgan Stanley                                                                     | CUSIP: 00C9XC3E3<br>LEI: N/A                  | N/A              | DE               |  | US        |     -2000 | NC      | $-122000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                                                   | Goodyear Tire & Rubber Co. (The)                                                   | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $6347062.50   | 0.16%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                                                  | Philip Morris International, Inc.                                                  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    200000 | NS      | $20848000.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore Funding LLC                                                               | Glencore Funding LLC                                                               | CUSIP: 378272AV0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14963881.05  | 0.39%             | 2029-03-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| United Rentals North America, Inc.                                                 | United Rentals North America, Inc.                                                 | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15243900.00  | 0.39%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                     | Broadcom, Inc.                                                                     | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $24896335.20  | 0.64%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG into Amazon.com, Inc.                                             | Credit Suisse AG into Amazon.com, Inc.                                             | CUSIP: 225510486<br>LEI: ANGGYXNX0JLX3X63JN86 | Long             | SN               | CORP              | CH        |    349100 | NS      | $37435275.09  | 0.97%             | 2023-06-30      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                                 | United Airlines Pass-Through Trust, Series 2020-1, Class B                         | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   8682000 | PA      | $8468994.94   | 0.22%             | 2027-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | PepsiCo, Inc.                                                                      | CUSIP: 00CA6FAS4<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1000 | NC      | $-86000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                     | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8683762.50   | 0.22%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                              | Bank of America Corp., Series L                                                    | CUSIP: 06051GGC7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9827092.90   | 0.25%             | 2027-11-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                         | US Bancorp                                                                         | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    650000 | NS      | $32370000.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.                          | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.                          | CUSIP: 46590XAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4864525.00   | 0.13%             | 2030-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Workday, Inc.                                                                      | Workday, Inc.                                                                      | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $22868561.50  | 0.59%             | 2032-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co. (The)                                                             | Dow Chemical Co. (The)                                                             | CUSIP: 260543DG5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $11027159.50  | 0.28%             | 2033-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                                      | PepsiCo, Inc.                                                                      | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    100000 | NS      | $17102000.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Capital, Inc.                                                              | Ashtead Capital, Inc.                                                              | CUSIP: 04505AAA7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25104776.00  | 0.65%             | 2032-08-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP into International Paper Co.                              | Mizuho Markets Cayman LP into International Paper Co.                              | CUSIP: 6068FR303<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |    400000 | NS      | $15901678.85  | 0.41%             | 2023-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Freeport-McMoRan, Inc.                                                             | Freeport-McMoRan, Inc.                                                             | CUSIP: 35671DCH6<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14426850.00  | 0.37%             | 2030-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                       | Oracle Corp.                                                                       | CUSIP: 68389XBE4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $17710824.60  | 0.46%             | 2035-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                               | JPMorgan Chase & Co.                                                               | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    440000 | NS      | $61582400.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                                               | Edison International                                                               | CUSIP: 281020AW7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $21733182.40  | 0.56%             | 2029-11-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CFT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50000000 | PA      | $51253906.00  | 1.32%             | 2029-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                     | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    600000 | NS      | $58398000.00  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Diversified Income Fund                                              | Western Asset Diversified Income Fund                                              | CUSIP: 95790K109<br>LEI: 549300M67UHXW4GHZ644 | Long             |  | RF                | US        |    500905 | NS      | $7087805.75   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CSC Holdings LLC                                                                   | CSC Holdings LLC                                                                   | CUSIP: 126307AS6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $10562562.50  | 0.27%             | 2028-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG into Air Products and Chemicals, Inc.                             | Credit Suisse AG into Air Products and Chemicals, Inc.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    110000 | NS      | $29243435.73  | 0.75%             | 2023-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HP, Inc.                                                                           | HP, Inc.                                                                           | CUSIP: 40434LAN5<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24567595.75  | 0.63%             | 2033-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                   | Boeing Co. (The)                                                                   | CUSIP: 097023CD5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13715601.15  | 0.35%             | 2029-03-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Chevron Corp.                                                                      | Chevron Corp.                                                                      | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    450000 | NS      | $78309000.00  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co. (The)                                                                   | Boeing Co. (The)                                                                   | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10086487.00  | 0.26%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                        | Capital One Financial Corp.                                                        | CUSIP: 14040HCN3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13300319.10  | 0.34%             | 2030-03-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                                          | HCA, Inc.                                                                          | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9511942.10   | 0.25%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Target Corp.                                                                       | Target Corp.                                                                       | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |    100000 | NS      | $17214000.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pharmaceutical, Inc.                                                           | Par Pharmaceutical, Inc.                                                           | CUSIP: 69888XAA7<br>LEI: 549300KK5WR4MGN4YT97 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $11754594.90  | 0.30%             | 2027-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                                                  | American Electric Power Co., Inc.                                                  | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    160000 | NS      | $15033600.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Operations Co. LLC                                                          | Vistra Operations Co. LLC                                                          | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  36000000 | PA      | $33314901.84  | 0.86%             | 2029-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                                 | Southern Co. (The)                                                                 | CUSIP: 842587DL8<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $16008132.90  | 0.41%             | 2032-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Rio Tinto plc                                                                      | Rio Tinto plc                                                                      | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    400000 | NS      | $31740000.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays plc                                                                       | Barclays plc                                                                       | CUSIP: 06738EAE5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $14589875.25  | 0.38%             | 2025-03-16      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Apple, Inc.                                                                        | Apple, Inc.                                                                        | CUSIP: 037833EP1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9350997.50   | 0.24%             | 2032-08-08      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Franklin U.S. Low Volatility ETF                                                   | Franklin U.S. Low Volatility ETF                                                   | CUSIP: 35473P504<br>LEI: 549300HYVMMHHTSYBI89 | Long             |  | RF                | US        |    850000 | NS      | $40500800.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: —       |
| SCIH Salt Holdings, Inc.                                                           | SCIH Salt Holdings, Inc.                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8812950.00   | 0.23%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA into Comcast Corp.                                             | Societe Generale SA into Comcast Corp.                                             | CUSIP: 83370G524<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |    425000 | NS      | $16891592.24  | 0.44%             | 2023-04-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Institutional Fiduciary Trust Money Market Portfolio                               | Institutional Fiduciary Trust Money Market Portfolio                               | CUSIP: 457756500<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4002000 | NS      | $4002000.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                                                     | Broadcom, Inc.                                                                     | CUSIP: 11135FAS0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9213851.00   | 0.24%             | 2032-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                                            | Bayer US Finance II LLC                                                            | CUSIP: 07274NAJ2<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14750505.90  | 0.38%             | 2025-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                                                                | Coca-Cola Co. (The)                                                                | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    300000 | NS      | $18396000.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group, Inc.                                                                | Expedia Group, Inc.                                                                | CUSIP: 30212PAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10012343.10  | 0.26%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                                 | United Airlines Pass-Through Trust, Series 2020-1, Class A                         | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7545333 | PA      | $7645734.56   | 0.20%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)                                                         | Procter & Gamble Co. (The)                                                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    350000 | NS      | $49833000.00  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries, Inc.                                                                | CF Industries, Inc.                                                                | CUSIP: 12527GAF0<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12376933.13  | 0.32%             | 2034-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                   | Boeing Co. (The)                                                                   | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4624656.75   | 0.12%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                             | Truist Financial Corp.                                                             | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    500000 | NS      | $24695000.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BP Capital Markets America, Inc.                                                   | BP Capital Markets America, Inc.                                                   | CUSIP: 10373QBL3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9532738.90   | 0.25%             | 2030-04-06      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                                          | HCA, Inc.                                                                          | CUSIP: 404119CF4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13329583.35  | 0.34%             | 2032-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Flex Ltd.                                                                          | Flex Ltd.                                                                          | CUSIP: 33938XAE5<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |  10000000 | PA      | $10393640.90  | 0.27%             | 2028-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP into Bristol-Myers Squibb Co.                             | Mizuho Markets Cayman LP into Bristol-Myers Squibb Co.                             | CUSIP: 6068FR204<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |    300000 | NS      | $22744309.06  | 0.59%             | 2023-12-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DuPont de Nemours, Inc.                                                            | DuPont de Nemours, Inc.                                                            | CUSIP: 26078JAC4<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19986547.40  | 0.52%             | 2025-11-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                                       | Verizon Communications, Inc.                                                       | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    700000 | NS      | $29099000.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                                                                  | Lowe's Cos., Inc.                                                                  | CUSIP: 548661DY0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8142495.00   | 0.21%             | 2030-10-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                                                       | AbbVie, Inc.                                                                       | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9304017.60   | 0.24%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                               | American Tower Corp.                                                               | CUSIP: 03027XAW0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $23382267.75  | 0.60%             | 2029-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                              | Bank of America Corp.                                                              | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1450000 | NS      | $51446000.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care US Finance III, Inc.                                        | Fresenius Medical Care US Finance III, Inc.                                        | CUSIP: 35805BAE8<br>LEI: 5299006ZHLMXOOUVTU44 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $15721687.80  | 0.41%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc. into Northrop Grumman Corp.                | Citigroup Global Markets Holdings, Inc. into Northrop Grumman Corp.                | CUSIP: 17330U223<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     45000 | NS      | $20674214.10  | 0.53%             | 2023-10-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Home Depot, Inc. (The)                                                             | CUSIP: 00PAG44B8<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1000 | NC      | $-215000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                                              | Bank of America Corp.                                                              | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $23395647.50  | 0.60%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                 | General Motors Financial Co., Inc.                                                 | CUSIP: 37045XED4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10405478.90  | 0.27%             | 2033-01-09      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                     | CUSIP: 6174467Y9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14712522.60  | 0.38%             | 2026-09-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Honeywell International, Inc.                                                      | Honeywell International, Inc.                                                      | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |    150000 | NS      | $31272000.00  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties LP / VICI Note Co., Inc.                                           | VICI Properties LP / VICI Note Co., Inc.                                           | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $18650571.00  | 0.48%             | 2029-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                        | Capital One Financial Corp.                                                        | CUSIP: 14040HBK0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9571581.80   | 0.25%             | 2026-07-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Target Corp.                                                                       | Target Corp.                                                                       | CUSIP: 87612EBP0<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10096335.70  | 0.26%             | 2032-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jabil, Inc.                                                                        | Jabil, Inc.                                                                        | CUSIP: 466313AK9<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $17176684.80  | 0.44%             | 2031-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mylan, Inc.                                                                        | Mylan, Inc.                                                                        | CUSIP: 628530BK2<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |  19000000 | PA      | $18302552.56  | 0.47%             | 2028-04-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                        | Capital One Financial Corp.                                                        | CUSIP: 14040HCT0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9813278.80   | 0.25%             | 2033-05-10      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                                                        | Raytheon Technologies Corp.                                                        | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    300000 | NS      | $29955000.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                                                    | Starbucks Corp.                                                                    | CUSIP: 855244BC2<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8892914.40   | 0.23%             | 2032-02-14      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| Warnermedia Holdings, Inc.                                                         | Warnermedia Holdings, Inc.                                                         | CUSIP: 55903VAL7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $17816251.40  | 0.46%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Coca-Cola Co. (The)                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3000 | NC      | $-144000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | Exxon Mobil Corp.                                                                  | CUSIP: 00CA66WT8<br>LEI: N/A                  | N/A              | DE               |  | US        |     -3000 | NC      | $-336000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | Citigroup, Inc.                                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2000 | NC      | $-102000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                                                       | AbbVie, Inc.                                                                       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    125000 | NS      | $18468750.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                                                                   | CVS Health Corp.                                                                   | CUSIP: 126650DG2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $22959071.50  | 0.59%             | 2029-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                                                | Union Pacific Corp.                                                                | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    100000 | NS      | $20419000.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.                          | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.                          | CUSIP: 46590XAT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $16733200.00  | 0.43%             | 2032-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Honeywell International, Inc.                                                      | CUSIP: 00C9RDHQ6<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1500 | NC      | $-277500.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc.                                            | Citigroup Global Markets Holdings, Inc.                                            | CUSIP: 17330X383<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |    100000 | NS      | $11527079.59  | 0.30%             | 2024-02-22      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| DaVita, Inc.                                                                       | DaVita, Inc.                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $13497120.00  | 0.35%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Sempra Energy                                                                      | Sempra Energy                                                                      | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    125000 | NS      | $20041250.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank plc into Cisco Systems, Inc.                                         | Barclays Bank plc into Cisco Systems, Inc.                                         | CUSIP: 06748B612<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | SN               | CORP              | GB        |    400000 | NS      | $19621974.53  | 0.51%             | 2023-03-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CNH Industrial NV                                                                  | CNH Industrial NV                                                                  | CUSIP: 12594KAB8<br>LEI: 549300WGC2HZ5J67V817 | Long             | DBT              | CORP              | NL        |   7500000 | PA      | $7294046.18   | 0.19%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | AbbVie, Inc.                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1250 | NC      | $-170000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                                               | FNMA, 30 Year                                                                      | CUSIP: 3140QBMZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1107919 | PA      | $1090055.55   | 0.03%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                                                  | Duke Energy Corp.                                                                  | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    250000 | NS      | $25612500.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                                   | GE HealthCare Technologies, Inc.                                                   | CUSIP: 36267VAJ2<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $16268390.85  | 0.42%             | 2032-11-22      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| Micron Technology, Inc.                                                            | Micron Technology, Inc.                                                            | CUSIP: 595112BQ5<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14346101.70  | 0.37%             | 2030-02-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Alcoa Nederland Holding BV                                                         | Alcoa Nederland Holding BV                                                         | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |  15000000 | PA      | $13911450.00  | 0.36%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Danaher Corp.                                                                      | Danaher Corp., Series B                                                            | CUSIP: 235851409<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EP               | CORP              | US        |     20000 | NS      | $26880000.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Finance Corp.                                                              | OneMain Finance Corp.                                                              | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $6576937.50   | 0.17%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Microchip Technology, Inc.                                                         | Microchip Technology, Inc.                                                         | CUSIP: 595017BA1<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4907967.00   | 0.13%             | 2025-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                          | Williams Cos., Inc. (The)                                                          | CUSIP: 969457BZ2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19532253.20  | 0.50%             | 2032-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Institutional Fiduciary Trust - Money Market Portfolio                             | Institutional Fiduciary Trust - Money Market Portfolio                             | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |  42630039 | NS      | $42630038.81  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | Duke Energy Corp.                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2500 | NC      | $-150000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                    | Goldman Sachs Group, Inc. (The)                                                    | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $20645764.50  | 0.53%             | 2032-10-21      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                                              | Dominion Energy, Inc.                                                              | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    500000 | NS      | $31820000.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                                                                   | CVS Health Corp.                                                                   | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    225000 | NS      | $19849500.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                                       | Oracle Corp.                                                                       | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10878535.30  | 0.28%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                                                  | BAT Capital Corp.                                                                  | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $27907535.00  | 0.72%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                          | Ford Motor Credit Co. LLC                                                          | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15768750.00  | 0.41%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CFX4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40000000 | PA      | $40135937.60  | 1.04%             | 2024-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Brown & Brown, Inc.                                                                | Brown & Brown, Inc.                                                                | CUSIP: 115236AC5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $16123995.80  | 0.42%             | 2031-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                                       | Barclays plc                                                                       | CUSIP: 06738ECA1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  10000000 | PA      | $10084741.80  | 0.26%             | 2033-08-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV into Comcast Corp.                                         | BNP Paribas Issuance BV into Comcast Corp.                                         | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |    100000 | NS      | $4019209.44   | 0.10%             | 2023-08-10      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                              | Lockheed Martin Corp.                                                              | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     75000 | NS      | $34744500.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Medline Borrower LP                                                                | Medline Borrower LP                                                                | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8387052.10   | 0.22%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                 | Energy Transfer LP                                                                 | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15434025.00  | 0.40%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                         | US Bancorp                                                                         | CUSIP: 91159HJF8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9990060.90   | 0.26%             | 2028-07-22      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                                                  | Lowe's Cos., Inc.                                                                  | CUSIP: 548661EH6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $18563643.20  | 0.48%             | 2032-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Sprint LLC                                                                         | Sprint LLC                                                                         | CUSIP: 85207UAJ4<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10393010.00  | 0.27%             | 2025-02-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Texas Instruments, Inc.                                                            | Texas Instruments, Inc.                                                            | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    350000 | NS      | $62023500.00  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                                                   | ArcelorMittal SA                                                                   | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |  25000000 | PA      | $26130231.75  | 0.67%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                                                | Union Pacific Corp.                                                                | CUSIP: 907818GB8<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15138737.10  | 0.39%             | 2033-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Procter & Gamble Co. (The)                                                         | CUSIP: 00CA6FF83<br>LEI: N/A                  | N/A              | DE               |  | US        |     -2000 | NC      | $-164000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | Target Corp.                                                                       | CUSIP: 00CA6JRQ2<br>LEI: N/A                  | N/A              | DE               |  | US        |     -1000 | NC      | $-235000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp.                                                                      | Centene Corp.                                                                      | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $23782250.00  | 0.61%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Humana, Inc.                                                                       | Humana, Inc.                                                                       | CUSIP: 444859BV3<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $16073718.00  | 0.41%             | 2033-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** Franklin Investors Securities Trust

**Signature:** Ryan Wheeler

**Name of Signer:** Ryan Wheeler

**Title:** Assistant Treasurer