# EDGAR Filing Document

**Accession Number:** 0000809707
**File Stem:** 0001752724-25-153758
**Filing Date:** 2025-6
**Character Count:** 34754
**Document Hash:** ba29b520a1cbeaceda9c19a143cf23da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-153758.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-153758

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Investors Securities Trust
- **CENTRAL INDEX KEY:** 0000809707

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04986
- **FILM NUMBER:** 251068719

**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 CONVERTIBLE SECURITIES FUND (Series ID: S000006851)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018511 | Class A       | FISCX           |
| C000018512 | Class C       | FROTX           |
| C000064442 | Advisor Class | FCSZX           |
| C000141439 | Class R6      | FCSKX           |

## 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 Convertible Securities Fund

- **b. EDGAR series identifier (if any):** S000006851

- **c. LEI of Series:** 549300BRH1RGTXGVLY98

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $2703303130.47

**Total Liabilities:** $9548862.19

**Net Assets:** $2693754268.28

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1049.05000000 | **1-Year:** -23547.57000000 | **5-Year:** -62575.37000000 | **10-Year:** -6752.79000000 | **30-Year:** 0.00000000

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

- **3-Month:** -6424.72000000 | **1-Year:** -121545.04000000 | **5-Year:** -268437.10000000 | **10-Year:** -5341.59000000 | **30-Year:** -4663.02000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000064442 | -1.60%               | -4.01%               | 0.76%                |
| Class ID C000018512 | -1.65%               | -4.13%               | 0.69%                |
| Class ID C000018511 | -1.60%               | -4.03%               | 0.76%                |
| Class ID C000141439 | -1.54%               | -4.04%               | 0.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9994237.16              | $-67553783.29                              |
| Month 2  | $47114168.18             | $-165462253.43                             |
| Month 3  | $6544617.63              | $9874779.71                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Wolfspeed, Inc.                                        | Wolfspeed, Inc.                                        | CUSIP: 977852AD4<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $10167500.00  | 0.38%             | 2029-12-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Workiva, Inc.                                          | Workiva, Inc.                                          | CUSIP: 98139AAD7<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | DBT              | CORP              | US        |  49000000 | PA      | $46268250.00  | 1.72%             | 2028-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NextEra Energy, Inc.                                   | NextEra Energy, Inc.                                   | CUSIP: 65339F663<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |   1040000 | NS      | $48245600.00  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management, Inc.                         | Apollo Global Management, Inc.                         | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |    810000 | NS      | $58417200.00  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings, Inc.              | MACOM Technology Solutions Holdings, Inc.              | CUSIP: 55405YAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  45366000 | PA      | $42594086.59  | 1.58%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Integer Holdings Corp.                                 | Integer Holdings Corp.                                 | CUSIP: 45826HAC3<br>LEI: 549300SUD2ED5XG6X569 | Long             | DBT              | CORP              | US        |  52500000 | PA      | $55702500.00  | 2.07%             | 2030-03-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Jazz Investments I Ltd.                                | Jazz Investments I Ltd.                                | CUSIP: 472145AF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  35000000 | PA      | $36110658.85  | 1.34%             | 2026-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments, Inc.                                  | Shift4 Payments, Inc.                                  | CUSIP: 82452JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  35000000 | PA      | $35595000.00  | 1.32%             | 2027-08-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Zillow Group, Inc.                                     | Zillow Group, Inc.                                     | CUSIP: 98954MAH4<br>LEI: 2549002XEELQDIR6FU05 | Long             | DBT              | CORP              | US        |  31500000 | PA      | $31839339.42  | 1.18%             | 2025-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PG&E Corp.                                             | PG&E Corp.                                             | CUSIP: 69331CAL2<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |  52000000 | PA      | $54152800.00  | 2.01%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Liberty Broadband Corp.                                | Liberty Broadband Corp.                                | CUSIP: 530307AE7<br>LEI: 549300MIX43II8JLN536 | Long             | DBT              | CORP              | US        |  55500000 | PA      | $56223510.21  | 2.09%             | 2053-03-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Booking Holdings, Inc.                                 | Booking Holdings, Inc.                                 | CUSIP: 09857LAN8<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $23232614.76  | 0.86%             | 2025-05-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                         | Hewlett Packard Enterprise Co.                         | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |   1020000 | NS      | $51204000.00  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings, Inc.                                    | BILL Holdings, Inc.                                    | CUSIP: 090043AB6<br>LEI: 549300IBF9VZZIGOZW63 | Long             | DBT              | CORP              | US        |   4676000 | PA      | $4502988.00   | 0.17%             | 2025-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BILL Holdings, Inc.                                    | BILL Holdings, Inc.                                    | CUSIP: 090043AE0<br>LEI: 549300IBF9VZZIGOZW63 | Long             | DBT              | CORP              | US        |  32800000 | PA      | $27978400.00  | 1.04%             | 2030-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| B2Gold Corp.                                           | B2Gold Corp.                                           | CUSIP: 11777QAC4<br>LEI: 549300F7OK456M5NLM05 | Long             | DBT              | CORP              | CA        |  30300000 | PA      | $37128862.50  | 1.38%             | 2030-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PTC Therapeutics, Inc.                                 | PTC Therapeutics, Inc.                                 | CUSIP: 69366JAD3<br>LEI: 549300UJLWOIWFDGB318 | Long             | DBT              | CORP              | US        |  48000000 | PA      | $56000788.32  | 2.08%             | 2026-09-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HubSpot, Inc.                                          | HubSpot, Inc.                                          | CUSIP: 443573AD2<br>LEI: 529900BLNVEW0MVKJB37 | Long             | DBT              | CORP              | US        |  19500000 | PA      | $41681250.00  | 1.55%             | 2025-06-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment, Inc.                        | Live Nation Entertainment, Inc.                        | CUSIP: 538034BB4<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |  13600000 | PA      | $14096400.00  | 0.52%             | 2030-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Alkami Technology, Inc.                                | Alkami Technology, Inc.                                | CUSIP: 01644JAA6<br>LEI: 254900FCNYU4HNEV9L47 | Long             | DBT              | CORP              | US        |  19300000 | PA      | $21064101.25  | 0.78%             | 2030-03-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Vail Resorts, Inc.                                     | Vail Resorts, Inc.                                     | CUSIP: 91879QAN9<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |  48000000 | PA      | $46260000.00  | 1.72%             | 2026-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                                  | Global Payments, Inc.                                  | CUSIP: 37940XAU6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |  50000000 | PA      | $44550000.00  | 1.65%             | 2031-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Lyft, Inc.                                             | Lyft, Inc.                                             | CUSIP: 55087PAD6<br>LEI: 549300H7I5VN334XVZ52 | Long             | DBT              | CORP              | US        |  54300000 | PA      | $53078250.00  | 1.97%             | 2029-03-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Cloudflare, Inc.                                       | Cloudflare, Inc.                                       | CUSIP: 18915MAC1<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |  58200000 | PA      | $59233050.00  | 2.20%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Microchip Technology, Inc.                             | Microchip Technology, Inc.                             | CUSIP: 595017302<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EP               | CORP              | US        |    636000 | NS      | $30184560.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Investments I Ltd.                                | Jazz Investments I Ltd.                                | CUSIP: 472145AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  20000000 | PA      | $21819321.00  | 0.81%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                                | Uber Technologies, Inc., Series 2028                   | CUSIP: 90353TAM2<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |  20500000 | PA      | $26967750.00  | 1.00%             | 2028-12-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| KKR & Co., Inc.                                        | KKR & Co., Inc., Series D                              | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    967000 | NS      | $46348310.00  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores, Inc.                                | Burlington Stores, Inc.                                | CUSIP: 122017AD8<br>LEI: 5299003Z37DVGKKC1W09 | Long             | DBT              | CORP              | US        |  42287000 | PA      | $54381082.00  | 2.02%             | 2027-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| TXNM Energy, Inc.                                      | TXNM Energy, Inc.                                      | CUSIP: 69349HAE7<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | DBT              | CORP              | US        |  31500000 | PA      | $39337200.00  | 1.46%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Peloton Interactive, Inc.                              | Peloton Interactive, Inc.                              | CUSIP: 70614WAC4<br>LEI: 5493002YS021166W0339 | Long             | DBT              | CORP              | US        |  27000000 | PA      | $48454286.67  | 1.80%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                             | Alibaba Group Holding Ltd.                             | CUSIP: 01609WBF8<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |  37000000 | PA      | $48664250.00  | 1.81%             | 2031-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Viavi Solutions, Inc.                                  | Viavi Solutions, Inc.                                  | CUSIP: 925550AH8<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |  20709000 | PA      | $21766415.21  | 0.81%             | 2026-03-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Albemarle Corp.                                        | Albemarle Corp.                                        | CUSIP: 012653200<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EP               | CORP              | US        |   1063200 | NS      | $32565816.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Post Holdings, Inc.                                    | Post Holdings, Inc.                                    | CUSIP: 737446AT1<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |  36000000 | PA      | $42482476.44  | 1.58%             | 2027-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Repligen Corp.                                         | Repligen Corp.                                         | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |  36000000 | PA      | $36931140.36  | 1.37%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Rexford Industrial Realty LP                           | Rexford Industrial Realty LP                           | CUSIP: 76169XAE4<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |  40000000 | PA      | $39100000.00  | 1.45%             | 2029-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MKS Instruments, Inc.                                  | MKS Instruments, Inc.                                  | CUSIP: 55306NAA2<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |  40000000 | PA      | $34497258.80  | 1.28%             | 2030-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Pebblebrook Hotel Trust                                | Pebblebrook Hotel Trust                                | CUSIP: 70509VAA8<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | DBT              | CORP              | US        |  26000000 | PA      | $24213800.00  | 0.90%             | 2026-12-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                                | Uber Technologies, Inc.                                | CUSIP: 90353TAJ9<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $33645000.00  | 1.25%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oil States International, Inc.                         | Oil States International, Inc.                         | CUSIP: 678026AK1<br>LEI: 5493004TF4KQJGMYL777 | Long             | DBT              | CORP              | US        |  28000000 | PA      | $26684000.00  | 0.99%             | 2026-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chefs' Warehouse, Inc. (The)                           | Chefs' Warehouse, Inc. (The)                           | CUSIP: 163086AE1<br>LEI: 549300JYEDC8C547E980 | Long             | DBT              | CORP              | US        |  21000000 | PA      | $30248373.33  | 1.12%             | 2028-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Haemonetics Corp.                                      | Haemonetics Corp.                                      | CUSIP: 405024AB6<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | DBT              | CORP              | US        |  25500000 | PA      | $24513150.00  | 0.91%             | 2026-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dexcom, Inc.                                           | Dexcom, Inc.                                           | CUSIP: 252131AM9<br>LEI: 549300YSK3QDSFR5EU59 | Long             | DBT              | CORP              | US        |  32250000 | PA      | $29298343.91  | 1.09%             | 2028-05-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments, Inc.                                  | Shift4 Payments, Inc.                                  | CUSIP: 82452JAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19000000 | PA      | $21555500.00  | 0.80%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Datadog, Inc.                                          | Datadog, Inc.                                          | CUSIP: 23804LAC7<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |  23400000 | PA      | $21153191.44  | 0.79%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Workiva, Inc.                                          | Workiva, Inc.                                          | CUSIP: 98139AAB1<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7787500.00   | 0.29%             | 2026-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Guidewire Software, Inc.                               | Guidewire Software, Inc.                               | CUSIP: 40171VAB6<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8816000.00   | 0.33%             | 2029-11-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Dexcom, Inc.                                           | Dexcom, Inc.                                           | CUSIP: 252131AK3<br>LEI: 549300YSK3QDSFR5EU59 | Long             | DBT              | CORP              | US        |  26000000 | PA      | $25382315.66  | 0.94%             | 2025-11-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Fluor Corp.                                            | Fluor Corp.                                            | CUSIP: 343412AJ1<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | DBT              | CORP              | US        |  39000000 | PA      | $41076750.00  | 1.52%             | 2029-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy, Inc.                               | CenterPoint Energy, Inc.                               | CUSIP: 15189TBD8<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |  51500000 | PA      | $58220750.00  | 2.16%             | 2026-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RealReal, Inc. (The)                                   | RealReal, Inc. (The)                                   | CUSIP: 88339PAJ0<br>LEI: 549300O00VUGT4H1PE90 | Long             | DBT              | CORP              | US        |  24000000 | PA      | $20733512.40  | 0.77%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise, Inc.                                  | Axon Enterprise, Inc.                                  | CUSIP: 05464CAB7<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |  20800000 | PA      | $56450144.40  | 2.10%             | 2027-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| INSTITUTIONAL FIDUCIARY TRUST                          | INSTITUTIONAL FIDUCIARY TRUST                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   7324000 | NS      | $7324000.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix, Inc.                                          | Nutanix, Inc.                                          | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |  17500000 | PA      | $18932546.50  | 0.70%             | 2029-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Insmed, Inc.                                           | Insmed, Inc.                                           | CUSIP: 457669AB5<br>LEI: 529900Q55QAG41CCAC11 | Long             | DBT              | CORP              | US        |  22000000 | PA      | $49579451.46  | 1.84%             | 2028-06-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Insulet Corp.                                          | Insulet Corp.                                          | CUSIP: 45784PAK7<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |  50000000 | PA      | $62029910.50  | 2.30%             | 2026-09-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Wolfspeed, Inc.                                        | Wolfspeed, Inc.                                        | CUSIP: 977852AB8<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |  29900000 | PA      | $9896900.00   | 0.37%             | 2028-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Immunocore Holdings plc                                | Immunocore Holdings plc                                | CUSIP: 45258DAB1<br>LEI: 213800IUE3DFS84BVN18 | Long             | DBT              | CORP              | GB        |  20000000 | PA      | $17110982.20  | 0.64%             | 2030-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Snap, Inc.                                             | Snap, Inc.                                             | CUSIP: 83304AAJ5<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |  28000000 | PA      | $23030000.00  | 0.85%             | 2030-05-01      | Fixed         | 0.50%                 | 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        |  37763646 | NS      | $37763645.89  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma, Inc.                                 | Bridgebio Pharma, Inc.                                 | CUSIP: 10806XAH5<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |  46200000 | PA      | $50685877.70  | 1.88%             | 2031-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Etsy, Inc.                                             | Etsy, Inc.                                             | CUSIP: 29786AAL0<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |  59500000 | PA      | $52702125.00  | 1.96%             | 2027-09-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Sirius XM Holdings, Inc.                               | Sirius XM Holdings, Inc.                               | CUSIP: 531229AP7<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | DBT              | CORP              | US        |  23000000 | PA      | $23621000.00  | 0.88%             | 2028-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Haemonetics Corp.                                      | Haemonetics Corp.                                      | CUSIP: 405024AC4<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | DBT              | CORP              | US        |  31000000 | PA      | $29620500.00  | 1.10%             | 2029-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Welltower OP LLC                                       | Welltower OP LLC                                       | CUSIP: 95041AAD0<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |  47000000 | PA      | $62721500.00  | 2.33%             | 2029-07-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Snowflake, Inc.                                        | Snowflake, Inc.                                        | CUSIP: 833445AC3<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |  40000000 | PA      | $49695000.00  | 1.84%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rexford Industrial Realty LP                           | Rexford Industrial Realty LP                           | CUSIP: 76169XAD6<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19790000.00  | 0.73%             | 2027-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Microchip Technology, Inc.                             | Microchip Technology, Inc.                             | CUSIP: 595017BF0<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |  27000000 | PA      | $25441700.40  | 0.94%             | 2030-06-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Freshpet, Inc.                                         | Freshpet, Inc.                                         | CUSIP: 358039AB1<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | DBT              | CORP              | US        |  22500000 | PA      | $29610000.00  | 1.10%             | 2028-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ascendis Pharma A/S                                    | Ascendis Pharma A/S                                    | CUSIP: 04351PAD3<br>LEI: 549300B66JN3W3J8GH73 | Long             | DBT              | CORP              | DK        |  32500000 | PA      | $40516419.45  | 1.50%             | 2028-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Okta, Inc.                                             | Okta, Inc.                                             | CUSIP: 679295AD7<br>LEI: 549300N8J06I8MRHU620 | Long             | DBT              | CORP              | US        |  53000000 | PA      | $52258000.00  | 1.94%             | 2025-09-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Ares Management Corp.                                  | Ares Management Corp., Series B                        | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |   1066000 | NS      | $52628420.00  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair, Inc.                                          | Wayfair, Inc.                                          | CUSIP: 94419LAP6<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |  47250000 | PA      | $44037000.00  | 1.63%             | 2027-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Mirum Pharmaceuticals, Inc.                            | Mirum Pharmaceuticals, Inc.                            | CUSIP: 604749AB7<br>LEI: 254900YZKR40F7F27K81 | Long             | DBT              | CORP              | US        |  16500000 | PA      | $26181375.00  | 0.97%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer