# EDGAR Filing Document

**Accession Number:** 0001022804
**File Stem:** 0002071691-26-003991
**Filing Date:** 2026-2
**Character Count:** 107935
**Document Hash:** e50571fbfaf56837b4c610de91a63187
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-003991.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0002071691-26-003991

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN FUND ALLOCATOR SERIES
- **CENTRAL INDEX KEY:** 0001022804

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07851
- **FILM NUMBER:** 26675145

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-4018

**MAIL ADDRESS:**
- **STREET 1:** FRANKLIN FUND ALLOCATOR SERIES
- **STREET 2:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN TEMPLETON FUND ALLOCATOR SERIES
- **DATE OF NAME CHANGE:** 19960912

## Series and Classes Contracts Data

### FRANKLIN GLOBAL ALLOCATION FUND (Series ID: S000007241)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000019849 | CLASS A       | FFALX           |
| C000019851 | CLASS C       | FFACX           |
| C000019852 | CLASS R       | FFARX           |
| C000019853 | ADVISOR CLASS | FFAAX           |
| C000194376 | Class R6      | FFAQX           |

## 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 Fund Allocator Series

- **b. Investment Company Act file number:** 811-07851

- **c. CIK number of Registrant:** 0001022804

- **d. LEI of Registrant:** 5493009BPYLDNZHEMO31

- **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 Global Allocation Fund

- **b. EDGAR series identifier (if any):** S000007241

- **c. LEI of Series:** 549300R05BQMM0PJVZ25

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $2853210713.00

**Total Liabilities:** $4899446.79

**Net Assets:** $2848311266.21

**Cash Not Reported:** $551174.11

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -863.45000000 | **1-Year:** -32340.17000000 | **5-Year:** -126158.00000000 | **10-Year:** -129000.07000000 | **30-Year:** -90208.91000000

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

- **3-Month:** -194.60000000 | **1-Year:** -1925.16000000 | **5-Year:** -12390.66000000 | **10-Year:** -4158.59000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000019849 | 1.16%                | 0.34%                | 0.93%                |
| Class ID C000019851 | 1.12%                | 0.23%                | 0.88%                |
| Class ID C000019852 | 1.15%                | 0.29%                | 0.90%                |
| Class ID C000019853 | 1.20%                | 0.28%                | 0.98%                |
| Class ID C000194376 | 1.23%                | 0.33%                | 0.95%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $13867254.63             | $9935520.53                                |
| Month 2  | $12469129.87             | $-5632466.97                               |
| Month 3  | $20529053.22             | $4071947.71                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T, Inc.                                                     | AT&T, Inc.                                                     | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     119741 | NS      | $2974366.44   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                            | Abbott Laboratories                                            | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      90582 | NS      | $11349018.78  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                                   | AbbVie, Inc.                                                   | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     182086 | NS      | $41604830.14  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                                   | AbbVie, Inc.                                                   | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    9088000 | PA      | $8843014.24   | 0.31%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Adobe, Inc.                                                    | Adobe, Inc.                                                    | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      15879 | NS      | $5557491.21   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust      | AerCap Ireland Capital DAC / AerCap Global Aviation Trust      | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    5527000 | PA      | $5453395.17   | 0.19%             | 2026-10-29      | Fixed         | 2.45%                 | 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        |    3956000 | PA      | $3573398.31   | 0.13%             | 2033-10-29      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                     | Alibaba Group Holding Ltd.                                     | CUSIP: 01609WAT9<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    6300000 | PA      | $6251408.04   | 0.22%             | 2027-12-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Alphabet, Inc.                                                 | Alphabet, Inc., Class A                                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     225629 | NS      | $70621877.00  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group, Inc.                                             | Altria Group, Inc.                                             | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |     546904 | NS      | $31534484.64  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                               | Amazon.com, Inc.                                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     151755 | NS      | $35028089.10  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen, Inc.                                                    | Amgen, Inc.                                                    | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      15012 | NS      | $4913577.72   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                                    | Apple, Inc.                                                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     289815 | NS      | $78789105.90  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials, Inc.                                        | Applied Materials, Inc.                                        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |      18287 | NS      | $4699576.13   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp.                                                 | AppLovin Corp., Class A                                        | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      26063 | NS      | $17561770.66  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                               | ArcelorMittal SA                                               | CUSIP: 03938LBC7<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    6981000 | PA      | $6994119.32   | 0.25%             | 2029-07-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Arista Networks, Inc.                                          | Arista Networks, Inc.                                          | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      45959 | NS      | $6022007.77   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Capital, Inc.                                          | Ashtead Capital, Inc.                                          | CUSIP: 04505AAA7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    6981000 | PA      | $7224447.44   | 0.25%             | 2032-08-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Asian Development Bank                                         | Asian Development Bank                                         | CUSIP: 045167GE7<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | US        |   16478000 | PA      | $16547810.69  | 0.58%             | 2026-05-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AstraZeneca plc                                                | AstraZeneca plc                                                | CUSIP: 046353AT5<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    4654000 | PA      | $4666224.01   | 0.16%             | 2029-01-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlassian Corp.                                                | Atlassian Corp., Class A                                       | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      22990 | NS      | $3727598.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                                                 | AutoZone, Inc.                                                 | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       1266 | NS      | $4293639.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.                                       | Berkshire Hathaway, Inc., Class B                              | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       9640 | NS      | $4845546.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                                             | Best Buy Co., Inc.                                             | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     107413 | NS      | $7189152.09   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                                         | Booking Holdings, Inc.                                         | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       9065 | NS      | $48546066.45  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Federative Republic of Brazil                                  | Brazil Notas do Tesouro Nacional                               | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |   36628648 | PA      | $6539184.14   | 0.23%             | 2026-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                 | Broadcom, Inc.                                                 | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      65618 | NS      | $22710389.80  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                                   | Cadence Design Systems, Inc.                                   | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      11322 | NS      | $3539030.76   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd.                                | Canadian Natural Resources Ltd.                                | CUSIP: 136385AX9<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    6399000 | PA      | $6385906.62   | 0.22%             | 2027-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Caterpillar, Inc.                                              | Caterpillar, Inc.                                              | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      20567 | NS      | $11782217.29  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerdia Finanz GmbH                                             | Cerdia Finanz GmbH                                             | CUSIP: 15679GAC6<br>LEI: 391200KURNDJSX9GX570 | Long             | DBT              | CORP              | DE        |    5825000 | PA      | $6050718.75   | 0.21%             | 2031-10-03      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Chobani Holdco II LLC                                          | Chobani Holdco II LLC                                          | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    9434504 | PA      | $10093941.39  | 0.35%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                            | Cisco Systems, Inc.                                            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     318889 | NS      | $24564019.67  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                                                   | Cintas Corp.                                                   | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      35492 | NS      | $6674980.44   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                                                | Citigroup, Inc.                                                | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     228552 | NS      | $26669732.88  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.                           | Cognizant Technology Solutions Corp., Class A                  | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      43493 | NS      | $3609919.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                                          | Colgate-Palmolive Co.                                          | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      78603 | NS      | $6211209.06   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                                                  | Comcast Corp.                                                  | CUSIP: 20030NDH1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    6272000 | PA      | $5174428.22   | 0.18%             | 2040-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Corning, Inc.                                                  | Corning, Inc.                                                  | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      40002 | NS      | $3502575.12   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva, Inc.                                                  | Corteva, Inc.                                                  | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      45189 | NS      | $3029018.67   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                                          | Deckers Outdoor Corp.                                          | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      27452 | NS      | $2845948.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Itausa SA                                                      | Itausa SA                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | BR        |   10084717 | NS      | $21480227.43  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | Forward Foreign Currency Contract                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-390062.56   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | Forward Foreign Currency Contract                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-466692.02   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | Forward Foreign Currency Contract                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-813977.76   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                            | Forward Foreign Currency Contract                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-327976.30   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                               | Deutsche Bank AG                                               | CUSIP: 251526CD9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    5817000 | PA      | $5553948.45   | 0.19%             | 2031-09-18      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Loblaw Cos. Ltd.                                               | Loblaw Cos. Ltd.                                               | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |     304800 | NS      | $13779345.01  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Dornoch Debt Merger Sub, Inc.                                  | Dornoch Debt Merger Sub, Inc.                                  | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    3250000 | PA      | $2817694.39   | 0.10%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                            | Forward Foreign Currency Contract                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-141957.53   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Dropbox, Inc.                                                  | Dropbox, Inc., Class A                                         | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     118904 | NS      | $3305531.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Toronto-Dominion Bank (The)                                    | Toronto-Dominion Bank (The)                                    | CUSIP: 891160509<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |      81340 | NS      | $7666126.84   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co.                                             | Erie Indemnity Co., Class A                                    | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |      10892 | NS      | $3122191.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington, Inc.                   | Expeditors International of Washington, Inc.                   | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      43564 | NS      | $6491471.64   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                           | Meta Platforms, Inc., Class A                                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      50147 | NS      | $33101533.23  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp.                                               | Fair Isaac Corp.                                               | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       6588 | NS      | $11137804.56  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                                   | Fastenal Co.                                                   | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     133174 | NS      | $5344272.62   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC Pool                                                     | FHLMC Pool, 30 Year                                            | CUSIP: 3132DWBY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    4920137 | PA      | $4005406.99   | 0.14%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                     | FHLMC Pool, 30 Year                                            | CUSIP: 3132DWHS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    4880658 | PA      | $4886813.54   | 0.17%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                     | FHLMC Pool, 30 Year                                            | CUSIP: 3132DWJE4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   16506507 | PA      | $16523070.73  | 0.58%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                     | FHLMC Pool, 30 Year                                            | CUSIP: 3132DWKW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1850482 | PA      | $1902515.32   | 0.07%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                     | FHLMC Pool, 30 Year                                            | CUSIP: 3132DWMB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    3640841 | PA      | $3740390.94   | 0.13%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                     | FHLMC Pool, 30 Year                                            | CUSIP: 3132DWPU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   10215253 | PA      | $10618433.97  | 0.37%             | 2055-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                           | FNMA, 30 Year                                                  | CUSIP: 3140XGX46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    3048454 | PA      | $2473587.76   | 0.09%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                           | FNMA, 30 Year                                                  | CUSIP: 3140XJT94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    4065043 | PA      | $3605203.49   | 0.13%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                           | FNMA, 30 Year                                                  | CUSIP: 3140XNVT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    4380523 | PA      | $3718078.10   | 0.13%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                           | FNMA, 30 Year                                                  | CUSIP: 31418E3E8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    6497806 | PA      | $6597643.03   | 0.23%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                           | FNMA, 30 Year                                                  | CUSIP: 31418FE37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   12093721 | PA      | $12272122.16  | 0.43%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                           | FNMA, 30 Year                                                  | CUSIP: 31418FMK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   11777211 | PA      | $12102086.34  | 0.42%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Co.                                                 | Ford Motor Co.                                                 | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |     358717 | NS      | $4706367.04   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Private Credit Fund                               | Franklin BSP Private Credit Fund, Class Advisor                | CUSIP: 35242N202<br>LEI: 549300EZ3TEPDZJ0NK72 | Long             |  | RF                | US        |    2251013 | NS      | $21857337.01  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Lending Fund                                      | Franklin BSP Lending Fund, Class R6                            | CUSIP: 35243L502<br>LEI: N/A                  | Long             |  | RF                | US        |    6624581 | NS      | $66908268.49  | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Franklin Systematic Style Premia ETF                           | Franklin Systematic Style Premia ETF                           | CUSIP: 35473P546<br>LEI: 549300FEMFRM3FWBHG39 | Long             |  | RF                | US        |    2225000 | NS      | $59874750.00  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin High Yield Corporate ETF                              | Franklin High Yield Corporate ETF                              | CUSIP: 35473P629<br>LEI: 5493002F67QK4VNO5Q54 | Long             |  | RF                | US        |     205000 | NS      | $5005075.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin FTSE India ETF                                        | Franklin FTSE India ETF                                        | CUSIP: 35473P769<br>LEI: 549300NU5VJOW0B4VV12 | Long             |  | RF                | US        |     165050 | NS      | $6369279.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                                                   | GE Aerospace                                                   | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      20691 | NS      | $6373448.73   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co.                                             | General Motors Co.                                             | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      65332 | NS      | $5312798.24   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                                          | Gilead Sciences, Inc.                                          | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      56269 | NS      | $6906457.06   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore Funding LLC                                           | Glencore Funding LLC                                           | CUSIP: 378272AY4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    8144000 | PA      | $7469466.52   | 0.26%             | 2030-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WW Grainger, Inc.                                              | WW Grainger, Inc.                                              | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      12558 | NS      | $12671649.90  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Grifols SA                                                     | Grifols SA                                                     | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    1862000 | PA      | $1840288.71   | 0.06%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HCA Healthcare, Inc.                                           | HCA Healthcare, Inc.                                           | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       7484 | NS      | $3493980.24   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller - Maersk A/S                                         | AP Moller - Maersk A/S, Class B                                | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |       5552 | NS      | $12739350.26  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Herc Holdings, Inc.                                            | Herc Holdings, Inc.                                            | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    3876000 | PA      | $4081518.85   | 0.14%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, Inc.                                    | Host Hotels & Resorts, Inc.                                    | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     200488 | NS      | $3554652.24   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot, Inc.                                                  | HubSpot, Inc.                                                  | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       5408 | NS      | $2170230.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories, Inc.                                       | IDEXX Laboratories, Inc.                                       | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      23390 | NS      | $15824036.70  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works, Inc.                                      | Illinois Tool Works, Inc.                                      | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      13625 | NS      | $3355837.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Finance LLC                                    | Crescent Energy Finance LLC                                    | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    7450000 | PA      | $7074608.06   | 0.25%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                                   | Infosys Ltd.                                                   | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     992866 | NS      | $17692872.12  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund       | Franklin Institutional U.S. Government Money Market Fund       | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |   72869777 | NS      | $72869776.65  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp.                                                  | Insulet Corp.                                                  | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      56931 | NS      | $16182067.44  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA Holding Lux SARL / JBS USA Food Co. / JBS Lux Co. SARL | JBS USA Holding Lux SARL / JBS USA Food Co. / JBS Lux Co. SARL | CUSIP: 46590XAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    4800000 | PA      | $4568004.82   | 0.16%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JBS USA Holding Lux SARL / JBS USA Food Co. / JBS Lux Co. SARL | JBS USA Holding Lux SARL / JBS USA Food Co. / JBS Lux Co. SARL | CUSIP: 46590XAP1<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    1310362 | PA      | $1177069.12   | 0.04%             | 2032-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                           | JPMorgan Chase & Co.                                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      24613 | NS      | $7930800.86   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                           | JPMorgan Chase & Co.                                           | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    6482000 | PA      | $6707775.32   | 0.24%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Jane Street Group / JSG Finance, Inc.                          | Jane Street Group / JSG Finance, Inc.                          | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    1228000 | PA      | $1291059.41   | 0.05%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                              | Johnson & Johnson                                              | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     290019 | NS      | $60019432.05  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                                      | KLA Corp.                                                      | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      33633 | NS      | $40866785.64  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co. (The)                                               | Kroger Co. (The)                                               | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     198332 | NS      | $12391783.36  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy, Inc.                                                 | La-Z-Boy, Inc.                                                 | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |      92591 | NS      | $3450866.57   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                                             | Lam Research Corp.                                             | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      48429 | NS      | $8290076.22   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System, Inc.                                          | Landstar System, Inc.                                          | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      18357 | NS      | $2637900.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                                                | Eli Lilly & Co.                                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       7566 | NS      | $8131028.88   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                                              | Lowe's Cos., Inc.                                              | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      13677 | NS      | $3298345.32   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica, Inc.                                      | Lululemon Athletica, Inc.                                      | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      34952 | NS      | $7263375.12   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker BP ASA                                                    | Aker BP ASA                                                    | CUSIP: 55037AAB4<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    9191000 | PA      | $8446826.88   | 0.30%             | 2031-07-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MGIC Investment Corp.                                          | MGIC Investment Corp.                                          | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     328187 | NS      | $9589624.14   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG                                         | Mercedes-Benz Group AG                                         | CUSIP: N/A<br>LEI: 529900R27DL06UVNT076       | Long             | EC               | CORP              | DE        |     130435 | NS      | $9042027.04   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Carrefour SA                                                   | Carrefour SA                                                   | CUSIP: N/A<br>LEI: 549300B8P6MUJ1YWTS08       | Long             | EC               | CORP              | FR        |     200479 | NS      | $3345108.61   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                               | Deutsche Bank AG                                               | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |     356564 | NS      | $13741668.83  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard, Inc.                                               | Mastercard, Inc., Class A                                      | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      30051 | NS      | $17155514.88  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ORLEN SA                                                       | ORLEN SA                                                       | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | EC               | CORP              | PL        |     291133 | NS      | $7772300.37   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Mettler-Toledo International, Inc.                             | Mettler-Toledo International, Inc.                             | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       5962 | NS      | $8312160.78   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                                | Microsoft Corp.                                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     121363 | NS      | $58693574.06  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MidAmerican Energy Co.                                         | MidAmerican Energy Co.                                         | CUSIP: 595620AP0<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   10392000 | PA      | $8711691.12   | 0.31%             | 2046-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fortescue Ltd.                                                 | Fortescue Ltd.                                                 | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |    2569714 | NS      | $37575633.07  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Bezeq The Israeli Telecommunication Corp. Ltd.                 | Bezeq The Israeli Telecommunication Corp. Ltd.                 | CUSIP: N/A<br>LEI: 213800XCGZCFSWY9U863       | Long             | EC               | CORP              | IL        |    2216502 | NS      | $4947907.92   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Trend Micro, Inc.                                              | Trend Micro, Inc.                                              | CUSIP: N/A<br>LEI: 3538005O5UJ5RNAGVE16       | Long             | EC               | CORP              | JP        |      69200 | NS      | $2874033.52   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Telecom Co. Ltd.                                            | SK Telecom Co. Ltd.                                            | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |      90206 | NS      | $3349223.06   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| PetroChina Co. Ltd.                                            | PetroChina Co. Ltd., Class H                                   | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   12574000 | NS      | $13553503.99  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                               | NRG Energy, Inc.                                               | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      56818 | NS      | $9047698.32   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek Microelectronics Corp.                                 | Novatek Microelectronics Corp.                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     275000 | NS      | $3269631.96   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Subaru Corp.                                                   | Subaru Corp.                                                   | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |     281700 | NS      | $6065346.03   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujikura Ltd.                                                  | Fujikura Ltd.                                                  | CUSIP: N/A<br>LEI: 353800PSDZ8VRCKVPL51       | Long             | EC               | CORP              | JP        |      53300 | NS      | $5910726.47   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Fujitsu Ltd.                                                   | Fujitsu Ltd.                                                   | CUSIP: N/A<br>LEI: 3538000246DHJLRTUZ24       | Long             | EC               | CORP              | JP        |     132600 | NS      | $3644234.55   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                                 | MediaTek, Inc.                                                 | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     126000 | NS      | $5721054.05   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Hoya Corp.                                                     | Hoya Corp.                                                     | CUSIP: N/A<br>LEI: 353800X4VR3BHEUCJB42       | Long             | EC               | CORP              | JP        |      23100 | NS      | $3503567.72   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd.          | HD Korea Shipbuilding & Offshore Engineering Co. Ltd.          | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |      23943 | NS      | $6756035.93   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Isuzu Motors Ltd.                                              | Isuzu Motors Ltd.                                              | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |     226800 | NS      | $3539696.27   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                                      | Kia Corp.                                                      | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     228694 | NS      | $19387193.15  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Newell Brands, Inc.                                            | Newell Brands, Inc.                                            | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    5856000 | PA      | $5689287.53   | 0.20%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Newmont Corp.                                                  | Newmont Corp.                                                  | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      70403 | NS      | $7029739.55   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Denko Corp.                                              | Nitto Denko Corp.                                              | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |     144700 | NS      | $3445265.53   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                                   | NVIDIA Corp.                                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     475954 | NS      | $88765421.00  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                                   | Samsung Electronics Co. Ltd.                                   | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     183341 | NS      | $15366707.27  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Old Dominion Freight Line, Inc.                                | Old Dominion Freight Line, Inc.                                | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |      52844 | NS      | $8285939.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Shionogi & Co. Ltd.                                            | Shionogi & Co. Ltd.                                            | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |     279900 | NS      | $5066140.59   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Advantest Corp.                                                | Advantest Corp.                                                | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |      78200 | NS      | $9888227.41   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd.                                            | Tokyo Electron Ltd.                                            | CUSIP: N/A<br>LEI: 549300H5LSF8DP3RIJ34       | Long             | EC               | CORP              | JP        |      70100 | NS      | $15613189.24  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologies, Inc.                                    | Palantir Technologies, Inc., Class A                           | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      82965 | NS      | $14747028.75  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings, Inc.                                          | PayPal Holdings, Inc.                                          | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      47470 | NS      | $2771298.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                                    | Novartis AG                                                    | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |      57680 | NS      | $7948072.93   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAP SA                                                        | OPAP SA                                                        | CUSIP: N/A<br>LEI: 213800M4NRGFJCI34834       | Long             | EC               | CORP              | GR        |     171408 | NS      | $3847478.82   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                                                  | PepsiCo, Inc.                                                  | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      39348 | NS      | $5647224.96   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group, Inc.                                       | T Rowe Price Group, Inc.                                       | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      91584 | NS      | $9376369.92   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM, Inc.                                                 | QUALCOMM, Inc.                                                 | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      22324 | NS      | $3818520.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RHP Hotel Properties LP / RHP Finance Corp.                    | RHP Hotel Properties LP / RHP Finance Corp.                    | CUSIP: 749571AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    5350000 | PA      | $5583083.45   | 0.20%             | 2033-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ralph Lauren Corp.                                             | Ralph Lauren Corp., Class A                                    | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      19280 | NS      | $6817600.80   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier, Inc.                                                 | Rayonier, Inc.                                                 | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     308306 | NS      | $6674824.90   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co.                                            | SEI Investments Co.                                            | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     142721 | NS      | $11705976.42  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                                               | ServiceNow, Inc.                                               | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      39675 | NS      | $6077813.25   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group, Inc.                                     | Simon Property Group, Inc.                                     | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      42219 | NS      | $7815159.09   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Finance Corp.                                          | OneMain Finance Corp.                                          | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    1308000 | PA      | $1309590.53   | 0.05%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Sun Communities, Inc.                                          | Sun Communities, Inc.                                          | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |     158201 | NS      | $19602685.91  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.                    | Taiwan Semiconductor Manufacturing Co. Ltd.                    | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      75485 | NS      | $22939136.65  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Takeda Pharmaceutical Co. Ltd.                                 | Takeda Pharmaceutical Co. Ltd.                                 | CUSIP: 874060AW6<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |    6500000 | PA      | $6653305.36   | 0.23%             | 2028-11-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tapestry, Inc.                                                 | Tapestry, Inc.                                                 | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      53280 | NS      | $6807585.60   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp.                                                    | Terex Corp.                                                    | CUSIP: 880779BB8<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |    5176000 | PA      | $5314230.26   | 0.19%             | 2032-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tesla, Inc.                                                    | Tesla, Inc.                                                    | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      37228 | NS      | $16742176.16  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                                                  | UniCredit SpA                                                  | CUSIP: 904678AY5<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    9889000 | PA      | $9194686.49   | 0.32%             | 2032-06-03      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| United States of America                                       | U.S. Treasury Bonds                                            | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   10770900 | PA      | $5159513.57   | 0.18%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                       | U.S. Treasury Bonds                                            | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    9929000 | PA      | $9115675.30   | 0.32%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States of America                                       | U.S. Treasury Bonds                                            | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5150100 | PA      | $5061984.98   | 0.18%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                       | U.S. Treasury Notes                                            | CUSIP: 912828ZQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   11950600 | PA      | $10489685.88  | 0.37%             | 2030-05-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| United States of America                                       | U.S. Treasury Notes                                            | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   19769600 | PA      | $18431676.90  | 0.65%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                       | U.S. Treasury Notes                                            | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   24915000 | PA      | $25237143.23  | 0.89%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                       | U.S. Treasury Notes                                            | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   13796500 | PA      | $13587127.35  | 0.48%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States of America                                       | U.S. Treasury Notes                                            | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   21009200 | PA      | $21118349.31  | 0.74%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VanEck J.P. Morgan EM Local Currency Bond ETF                  | VanEck J.P. Morgan EM Local Currency Bond ETF                  | CUSIP: 92189H300<br>LEI: 549300CNWPR88MZBEA63 | Long             |  | RF                | US        |     773281 | NS      | $19966115.42  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                                               | Paramount Global                                               | CUSIP: 92556HAB3<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    9346000 | PA      | $8991660.15   | 0.32%             | 2031-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Visa, Inc.                                                     | Visa, Inc., Class A                                            | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      45846 | NS      | $16078650.66  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group plc                                             | Vodafone Group plc                                             | CUSIP: 92857WAQ3<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    2680000 | PA      | $2915823.30   | 0.10%             | 2037-02-27      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Walmart, Inc.                                                  | Walmart, Inc.                                                  | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     117219 | NS      | $13059368.79  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                                          | Western Digital Corp.                                          | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      19846 | NS      | $3418870.42   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co. (The)                                        | Western Union Co. (The)                                        | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     703157 | NS      | $6546391.67   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Finance Ltd.                                          | Woodside Finance Ltd.                                          | CUSIP: 980236AQ6<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |    4654000 | PA      | $4656927.83   | 0.16%             | 2029-03-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Aselsan Elektronik Sanayi ve Ticaret A/S                       | Aselsan Elektronik Sanayi ve Ticaret A/S                       | CUSIP: N/A<br>LEI: 7890008XT4M710MU8714       | Long             | EC               | CORP              | TR        |    1204137 | NS      | $6487923.20   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Safran SA                                                      | Safran SA                                                      | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |      11269 | NS      | $3925185.10   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Holdings Co. Ltd.                               | COSCO SHIPPING Holdings Co. Ltd., Class H                      | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |    2898000 | NS      | $5116510.75   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| United Kingdom of Great Britain and Northern Ireland           | United Kingdom Gilt                                            | CUSIP: N/A<br>LEI: ECTRVYYCEF89VWYS6K36       | Long             | DBT              | NUSS              | GB        |   13370859 | PA      | $16975071.27  | 0.60%             | 2042-12-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| 3i Group plc                                                   | 3i Group plc                                                   | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |     265424 | NS      | $11638534.07  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                                   | Iberdrola SA                                                   | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     168850 | NS      | $3656175.82   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                            | Suncor Energy, Inc.                                            | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     520825 | NS      | $23116577.90  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                                                    | Pandora A/S                                                    | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |      21415 | NS      | $2368200.41   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| China Hongqiao Group Ltd.                                      | China Hongqiao Group Ltd.                                      | CUSIP: N/A<br>LEI: 3003009Q4IBFSDE24571       | Long             | EC               | CORP              | KY        |    1349500 | NS      | $5667527.95   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollarama, Inc.                                                | Dollarama, Inc.                                                | CUSIP: 25675T107<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | EC               | CORP              | CA        |      26540 | NS      | $3966642.82   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Parex Resources, Inc.                                          | Parex Resources, Inc.                                          | CUSIP: 69946Q104<br>LEI: 549300U7LWRGTY6XWK67 | Long             | EC               | CORP              | CA        |     552062 | NS      | $7420890.97   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings plc                                       | Rolls-Royce Holdings plc                                       | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |     571000 | NS      | $8830922.02   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                                | ASML Holding NV                                                | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       4579 | NS      | $4933964.85   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| BB Seguridade Participacoes SA                                 | BB Seguridade Participacoes SA                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    2136800 | NS      | $14114951.09  | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt.                                           | Richter Gedeon Nyrt.                                           | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     142678 | NS      | $4313145.17   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                                  | Koninklijke Ahold Delhaize NV                                  | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     175585 | NS      | $7200195.33   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk. PT                               | Telkom Indonesia Persero Tbk. PT                               | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |   13349900 | NS      | $2793270.85   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuliangye Yibin Co. Ltd.                                       | Wuliangye Yibin Co. Ltd., Class A                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     199900 | NS      | $3031452.72   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Gree Electric Appliances, Inc. of Zhuhai                       | Gree Electric Appliances, Inc. of Zhuhai, Class A              | CUSIP: N/A<br>LEI: 655600UY069MU9JRAN62       | Long             | EC               | CORP              | CN        |     932000 | NS      | $5363910.40   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group plc                                                  | AIB Group plc                                                  | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |    2433100 | NS      | $26010686.77  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingdom of Spain                                               | Spain Bonos Y Oblig del Estado                                 | CUSIP: N/A<br>LEI: 9598007A56S18711AH60       | Long             | DBT              | NUSS              | ES        |    2008000 | PA      | $1927269.34   | 0.07%             | 2048-10-31      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Orange SA                                                      | Orange SA                                                      | CUSIP: N/A<br>LEI: 969500MCOONR8990S771       | Long             | DBT              | CORP              | FR        |    4900000 | PA      | $5476494.38   | 0.19%             | 2030-09-12      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Vodafone Group plc                                             | Vodafone Group plc                                             | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |    5939151 | NS      | $7916945.09   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group plc                              | InterContinental Hotels Group plc                              | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |      27420 | NS      | $3853300.20   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| United Kingdom of Great Britain and Northern Ireland           | United Kingdom Gilt                                            | CUSIP: N/A<br>LEI: ECTRVYYCEF89VWYS6K36       | Long             | DBT              | NUSS              | GB        |   37373008 | PA      | $50591198.87  | 1.78%             | 2027-01-29      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Kingdom of Belgium                                             | Belgium Government Bond                                        | CUSIP: N/A<br>LEI: 549300SZ25JZFHRHWD76       | Long             | DBT              | NUSS              | BE        |    4833114 | PA      | $4828150.73   | 0.17%             | 2032-06-22      | Fixed         | 0.35%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Germany                                    | Bundesrepublik Deutschland Bundesanleihe                       | CUSIP: N/A<br>LEI: 529900AQBND3S6YJLY83       | Long             | DBT              | NUSS              | DE        |   16633000 | PA      | $17530305.93  | 0.62%             | 2030-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Kuaishou Technology                                            | Kuaishou Technology                                            | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |     463500 | NS      | $3831481.58   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Finland                                            | Finland Government Bond                                        | CUSIP: N/A<br>LEI: 743700M6Y2OQRVSBRD14       | Long             | DBT              | NUSS              | FI        |    2085000 | PA      | $1466424.54   | 0.05%             | 2043-04-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Atlas Copco AB                                                 | Atlas Copco AB, Class B                                        | CUSIP: N/A<br>LEI: 213800T8PC8Q4FYJZR07       | Long             | EC               | CORP              | SE        |     498831 | NS      | $7974669.93   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Finland                                            | Finland Government Bond                                        | CUSIP: N/A<br>LEI: 743700M6Y2OQRVSBRD14       | Long             | DBT              | NUSS              | FI        |    2437000 | PA      | $2471793.59   | 0.09%             | 2031-09-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                                  | NetEase, Inc.                                                  | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |     708800 | NS      | $19509857.72  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| People's Republic of China                                     | China Government Bond                                          | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |   47210000 | PA      | $6890588.70   | 0.24%             | 2027-10-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| Caixa Seguridade Participacoes SA                              | Caixa Seguridade Participacoes SA                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    2040200 | NS      | $6180927.97   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Australia                                      | Australia Government Bond                                      | CUSIP: N/A<br>LEI: 213800J6B7JSBDETCB42       | Long             | DBT              | NUSS              | AU        |    7938000 | PA      | $4372917.81   | 0.15%             | 2031-11-21      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Australia                                      | Australia Government Bond                                      | CUSIP: N/A<br>LEI: 213800J6B7JSBDETCB42       | Long             | DBT              | NUSS              | AU        |   14933000 | PA      | $8226351.94   | 0.29%             | 2031-11-21      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Canada                                                         | Canada Government Bond                                         | CUSIP: 135087Q23<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |   19081000 | PA      | $13462979.73  | 0.47%             | 2033-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| French Republic                                                | France Government Bond                                         | CUSIP: N/A<br>LEI: 969500KCGF3SUYJHPV70       | Long             | DBT              | NUSS              | FR        |   10670996 | PA      | $11669270.12  | 0.41%             | 2032-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Canada                                                         | Canada Government Bond                                         | CUSIP: 135087Q49<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |   34072000 | PA      | $25170657.42  | 0.88%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Vestas Wind Systems A/S                                        | Vestas Wind Systems A/S                                        | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |     132039 | NS      | $3571288.09   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| TIM SA                                                         | TIM SA                                                         | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |     818000 | NS      | $3174630.71   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| GSK plc                                                        | GSK plc                                                        | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |     446558 | NS      | $10948359.20  | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| NN Group NV                                                    | NN Group NV                                                    | CUSIP: N/A<br>LEI: 724500OHYNDT9OY6Q215       | Long             | EC               | CORP              | NL        |      84660 | NS      | $6531064.84   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| French Republic                                                | France Government Bond                                         | CUSIP: N/A<br>LEI: 969500KCGF3SUYJHPV70       | Long             | DBT              | NUSS              | FR        |    5786000 | PA      | $5722885.16   | 0.20%             | 2031-11-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Germany                                    | Bundesrepublik Deutschland Bundesanleihe                       | CUSIP: N/A<br>LEI: 529900AQBND3S6YJLY83       | Long             | DBT              | NUSS              | DE        |   22214198 | PA      | $20550553.25  | 0.72%             | 2038-05-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Japan                                                          | Japan Government Bond                                          | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |  707550000 | PA      | $3711949.86   | 0.13%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA                                  | Industria de Diseno Textil SA                                  | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |      67640 | NS      | $4461851.12   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| French Republic                                                | France Government Bond                                         | CUSIP: N/A<br>LEI: 969500KCGF3SUYJHPV70       | Long             | DBT              | NUSS              | FR        |    4770335 | PA      | $5621354.69   | 0.20%             | 2030-02-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Canada                                                         | Canada Government Bond                                         | CUSIP: 135087P32<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |   41137000 | PA      | $28689352.31  | 1.01%             | 2032-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United Kingdom of Great Britain and Northern Ireland           | United Kingdom Gilt                                            | CUSIP: N/A<br>LEI: ECTRVYYCEF89VWYS6K36       | Long             | DBT              | NUSS              | GB        |   15140000 | PA      | $20769918.63  | 0.73%             | 2034-01-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| People's Republic of China                                     | China Government Bond                                          | CUSIP: N/A<br>LEI: 300300CHN201808MOF68       | Long             | DBT              | NUSS              | CN        |  121580000 | PA      | $17718474.52  | 0.62%             | 2027-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Germany                                    | Bundesrepublik Deutschland Bundesanleihe                       | CUSIP: N/A<br>LEI: 529900AQBND3S6YJLY83       | Long             | DBT              | NUSS              | DE        |   34723602 | PA      | $39882423.80  | 1.40%             | 2033-02-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Recruit Holdings Co. Ltd.                                      | Recruit Holdings Co. Ltd.                                      | CUSIP: N/A<br>LEI: 353800R2LRSMVVC4I806       | Long             | EC               | CORP              | JP        |     311500 | NS      | $17503677.66  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Republic of Germany                                    | Bundesrepublik Deutschland Bundesanleihe                       | CUSIP: N/A<br>LEI: 529900AQBND3S6YJLY83       | Long             | DBT              | NUSS              | DE        |    2303832 | PA      | $2236745.14   | 0.08%             | 2054-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Kingdom of the Netherlands                                     | Netherlands Government Bond                                    | CUSIP: N/A<br>LEI: 254900G14ALGVKORFN62       | Long             | DBT              | NUSS              | NL        |    2432271 | PA      | $2795065.49   | 0.10%             | 2044-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Japan                                                          | Japan Government Bond                                          | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        | 1445850000 | PA      | $8770450.04   | 0.31%             | 2035-03-20      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Brazilian Real                                                 | Brazilian Real                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | BR        |         -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Kingdom of Spain                                               | Spain Bonos Y Oblig del Estado                                 | CUSIP: N/A<br>LEI: 9598007A56S18711AH60       | Long             | DBT              | NUSS              | ES        |    4964000 | PA      | $6037406.81   | 0.21%             | 2029-05-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Kingdom of Spain                                               | Spain Bonos Y Oblig del Estado                                 | CUSIP: N/A<br>LEI: 9598007A56S18711AH60       | Long             | DBT              | NUSS              | ES        |    3087000 | PA      | $3645508.18   | 0.13%             | 2027-05-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Republic of Germany                                    | Bundesschatzanweisungen                                        | CUSIP: N/A<br>LEI: 529900AQBND3S6YJLY83       | Long             | DBT              | NUSS              | DE        |   10373600 | PA      | $12127272.21  | 0.43%             | 2027-06-10      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| United Kingdom of Great Britain and Northern Ireland           | United Kingdom Gilt                                            | CUSIP: N/A<br>LEI: ECTRVYYCEF89VWYS6K36       | Long             | DBT              | NUSS              | GB        |   11002284 | PA      | $15083834.55  | 0.53%             | 2030-03-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Amvest RCF Custodian BV                                        | Amvest RCF Custodian BV                                        | CUSIP: N/A<br>LEI: 72450023I38I1JFQ9376       | Long             | DBT              | CORP              | NL        |    1400000 | PA      | $1668111.89   | 0.06%             | 2030-03-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Japan                                                          | Japan Government Bond                                          | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        | 2802000000 | PA      | $17368142.62  | 0.61%             | 2029-06-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Magnum Ice Cream Co. NV (The)                                  | Magnum Ice Cream Co. NV (The)                                  | CUSIP: N/A<br>LEI: 25490052LLF3XH6G9847       | Long             | EC               | CORP              | NL        |      17613 | NS      | $279555.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever plc                                                   | Unilever plc                                                   | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |      78280 | NS      | $5114594.88   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Shopify, Inc.                                                  | Shopify, Inc., Class A                                         | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      30230 | NS      | $4867458.38   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                                                  | UniCredit SpA                                                  | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |     328138 | NS      | $27178588.30  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Portuguese Republic                                            | Portugal Obrigacoes do Tesouro                                 | CUSIP: N/A<br>LEI: 549300P6U1FJ3IMP7K42       | Long             | DBT              | NUSS              | PT        |    6298945 | PA      | $7437071.43   | 0.26%             | 2026-07-21      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Signify NV                                                     | Signify NV                                                     | CUSIP: N/A<br>LEI: 549300072P3J1X8NZO35       | Long             | EC               | CORP              | NL        |     131449 | NS      | $3232527.06   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Sovereign in right of New Zealand                              | New Zealand Government Bond                                    | CUSIP: N/A<br>LEI: 549300237GPHG2AI7C34       | Long             | DBT              | NUSS              | NZ        |   12660000 | PA      | $6985122.77   | 0.25%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                   | ING Groep NV                                                   | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |     454583 | NS      | $12777525.46  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Dollar                                                | Canadian Dollar                                                | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | CA        |         -0 | OU      | $-0.07        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Danish Krone                                                   | Danish Krone                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | DK        |         -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                                           | EURO                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |        359 | OU      | $422.38       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings plc                                | Seagate Technology Holdings plc                                | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |      28532 | NS      | $7857427.48   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Pound Sterling                                                 | Pound Sterling                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | GB        |        -43 | OU      | $-57.76       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Dollar                                               | Hong Kong Dollar                                               | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | HK        |         -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Forint                                                         | Forint                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HU        |          0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rupiah                                                         | Rupiah                                                         | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ID        |         -1 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Israeli Sheqel                                             | New Israeli Sheqel                                             | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | IL        |         -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Won                                                            | Won                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |        705 | OU      | $0.49         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                          | Spotify Technology SA                                          | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |       5291 | NS      | $3072536.61   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd.                         | Check Point Software Technologies Ltd.                         | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |      48794 | NS      | $9054214.64   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Oddity Tech Ltd.                                               | Oddity Tech Ltd., Class A                                      | CUSIP: N/A<br>LEI: 254900QH12XZS53G0V57       | Long             | EC               | CORP              | IL        |      73762 | NS      | $2963757.16   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd.                                                | Monday.com Ltd.                                                | CUSIP: N/A<br>LEI: 984500MDAFVD86E3B328       | Long             | EC               | CORP              | IL        |      17636 | NS      | $2602368.16   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Krona                                                  | Swedish Krona                                                  | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | SE        |         -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Turkish Lira                                               | New Turkish Lira                                               | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | TR        |         -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Taiwan Dollar                                              | New Taiwan Dollar                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |          0 | OU      | $0.01         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Franklin Fund Allocator Series

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer