# EDGAR Filing Document

**Accession Number:** 0000805650
**File Stem:** 0001752724-23-033162
**Filing Date:** 2023-2
**Character Count:** 37626
**Document Hash:** 6ecbb0638bf807c1d7d88b730bdaa99e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-033162.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001752724-23-033162

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN MANAGED TRUST
- **CENTRAL INDEX KEY:** 0000805650
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04894
- **FILM NUMBER:** 23651826

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-3000

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROTHSCHILD L F MANAGED TRUST
- **DATE OF NAME CHANGE:** 19880831

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROTHSCHILD L F UNTERBERG TOWBIN INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19870111

## Series and Classes Contracts Data

### FRANKLIN RISING DIVIDENDS FUND (Series ID: S000006858)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018531 | ADVISOR CLASS | FRDAX           |
| C000018532 | CLASS A       | FRDPX           |
| C000018534 | CLASS C       | FRDTX           |
| C000018535 | CLASS R       | FRDRX           |
| C000128832 | Class R6      | FRISX           |

## Nport-Ex

## Schedule of Investments
(unaudited)

| Franklin Rising Dividends Fund | 2 |
| --- | --- |
| Notes to Schedule of Investments | 5 |

PHENOLIN MANAGES TRUST

Schedule of Investments (unaudited), December 31, 2022

| Net FDIC Invoiced | Buy Less Value | No Bank Guarantee |
| --- | --- | --- |

100-QIFM

1

# Franklin Rising Dividends Fund

|  | Shares | Value |
| --- | --- | --- |
| Common Stocks 97.7% |  |  |
| Antorpace & Defense 4.6% |  |  |
| General Dynamics Corp. | 1,573,345 | $390,382,528 |
| Raytheon Technologies Corp. | 7,005,140 | 706,088,001 |
|  |  | 1,097,321,958 |
| Air Freight & Logistics 2.0% |  |  |

2 | Quarterly Schedule of Investments | See Notes to Schedule of Investments

FRANKLIN MANAGED TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

Franklin Rising Dividends Fund (continued)

| United Parcel Service, Inc., B | 2,001,000,000 | 505,100,000,000 |
| --- | --- | --- |
| Bank of America, Inc. (continued) |  |  |
| 2010 Hague, Newfoundland & Labrador (continued) | 2,565,200 | 344,085,300 |
| Bank of New York, NY | 3,367,667 | 1,000,000,000 |
| Papua New Guinea, K | 2,183,000 | 502,100,000,000 |
| Papua New Guinea, K | 2,612,000,000 | 422,100,000,000 |
| Bank of New York, Newfoundland & Labrador |  |  |
| Bank of New York, Newfoundland & Labrador | 2,612,000,000,000 | 422,100,000,000 |

See Notes to Schedule of Investments

Quarterly Schedule of Investments

3

FRANKLIN MINDRED TRUST

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Rising Dividends Fund (continued)

| First Securities, Inc. (Tax) | 5,000,000 | 5,000,000 |
| --- | --- | --- |
| Banking Products, S.P.A. |  |  |
| Common Stock (continued) | 1,017,307 | 235,000,000 |
| Shares Outstanding (if any) | 6,586,177 | 422,100,000 |
| Cash Flows and Amortization, Inc. | 2,451,000 | 1,000,000,000 |
| Share Capital, Inc. | 3,000,000 | 300,000,000 |
| Cash and Bank Balance |  |  |
| Dividends Receivable, Inc., A. | 5,433,000,000 | 500,000,000 |
| Total Cash and Cash Flows, Storage & Peripherals, S.P.A. |  |  |
| Cash and Bank Balance, Inc. |  |  |

4 Quarterly Schedule of Investment (See Notes to Schedule of Investment)

FRANKLIN ADVANCED TRUST

# Notes to Schedule of Investments (unaudited)

| 1. General Conditions |  |  |
| --- | --- | --- |
| 1. The Company's Shareholders' Equity, Inc. | 2,500,000.00 | 2,500,000.00 |
| 2. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 3. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 4. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 5. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 6. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 7. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 8. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 9. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 10. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 11. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 12. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 13. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 14. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 15. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 16. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 17. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 18. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 19. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |
| 20. The Company's Shareholders' Equity, Inc. | 1,750,000.00 | 1,750,000.00 |

Quarterly Schedule of Investments 5

FRANKLIN MINDRED TRUST

NOTES TO SCHEDULE OF INVESTMENTS (UNAUDITED)

# 3. Investments in Affiliated Management Investment Companies

# 3.1.1. Investments in Affiliated Management Investment Companies

The Fund's Investment Plan is a financial management investment company. As defined in the Fund's 2011 Annual Report, the Fund's Investment Plan is a financial management investment company. The Fund's Investment Plan is a financial management investment company. The Fund's Investment Plan is a financial management investment company. The Fund's Investment Plan is a financial management investment company.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

9 | Quarterly Schedule of Investments

04. Gas & Compounds Exits 3.8b

The following table provides the information in a specific format:

The cost of the proposed tax on the other part of the tax is 4,067,904 354,849,006
The tax on the other part of the tax is 4,067,904. The tax on the other part of the tax is 4,067,904. The tax on the other part of the tax is 4,067,904. The tax on the other part of the tax is 4,067,904. The tax on the other part of the tax is 4,067,904. The tax on the other part of the tax is

Analog Devices, Inc. 4,187,708 608,040,736
(directed from the analog devices) and's own market assumptions (condemable inputs). These inputs are based in detection of the
value of the data. The assumption is determined by the value of financial instruments for which the test prices are not related to
value of the information. The information, and the information of the company, the value, and the
investigators, and the other procedures, the fund primarily employs a market-based approach which may use models of
interest in the
investigators, and other relevant information for the investment in
the
investigators, the balance of the investment. An income-based valuation approach may also be used to which the
amount of the investment is based on the value of the investment. The amount of the investment is based on the
value of the investment. The amount of the investment is based on the value of the investment. The amount of the investment is based on the
value of the investment. The amount of the investment is based on the value of the investment. The amount of the investment is based on the
value of the investment. The amount of the investment is based on the value of the investment. The amount of the investment is based on the
value of the investment.

regarding the tax values are often significantly from the values that would have been matched on selling market-priced. • Latest 2 - significant environmental impact (including the Furs) over assumptions in determining the tax value of financial and **مالية** in securities on foreign securities stock exchanges and OTC markets may be completed before 4 p.m. Eastern time. In addition, trading in certain foreign markets may not be carried on many Furs's business line. Events can occur between 2015-2016, but the remaining 2016-2017, 2018-2019, 2020-2021, 2022-2023, 2024-2025, 2026-2027, 2028-2029, 2030-2031, 2032-2033, 2034-2035, 2036-2037, 2038-2039, 2040-2041, 2042-2043, 2044-2045, 2046-2047, 2048-2049, 2050-2051, 2052-2053, 2054-2055, 2056-2057, 2058-2059, 2060-2061, 2062-2063, 2064-2065, 2066-2067, 2068-2069, 2070-2071, 2072-2073, 2074-2075, 2076-2077, 2078-2079, 2080-2081, 2082-2083, 2084-2085, 2086-2087, 2088-2089, 2090-2091, 2092-2093, 2094-2095, 2096-2097, 2098-2099, 2100-2101, 2102-2103, 2104-2105, 2106-2107, 2108-2109, 2110-2111, 2112-2113, 2114-2115, 2116-2117, 2118-2119, 2120-2121, 2122-2123, 2124-2125, 2126-2127, 2128-2129, 2130-2131, 2132-2133, 2134-2135, 2136-2137, 2138-2139, 2140-2141, 2142-2143, 2144-2145, 2146-2147, 2148-2149, 2150-2151, 2152-2153, 2154-2155, 2156-2157, 2158-2159, 2160-2161, 2162-2163, 2164-2165, 2166-2167, 2168-2169, 2170-2171, 2172-2173, 2174-2175, 2176-2177, 2178-2179, 2180-2181, 2182-2183, 2184-2185, 2186-2187, 2188-2189, 2190-2191, 2192-2193, 2194-2195, 2196-2197, 2198-2199, 2200-2201, 2202-2203, 2204-2205, 2206-2207, 2208-2209, 2210-2211, 2212-2213, 2214-2215, 2216-2217, 2218-2219, 2220-2221, 2222-2223, 2224-2225, 2226-2227, 2228-2229, 2230-2231, 2232-2233, 2234-2235, 2236-2237, 2238-2239, 2240-2241, 2242-2243, 2244-2245, 2246-2247, 2248-2249, 2250-2251, 2252-2253, 2254-2255, 2256-2257, 2258-2259, 2260-2261, 2262-2263, 2264-2265, 2266-2267, 2268-2269, 2270-2271, 2272-2273, 2274-2275, 2276-2277, 2278-2279, 2280-2281, 2282-2283, 2284-2285, 2286-2287, 2288-2289, 2290-2291, 2292-2293, 2294-2295, 2296-2297, 2298-2299, 2300-2301, 2302-2303, 2304-2305, 2306-2307, 2308-2309, 2310-2311, 2312-2313, 2314-2315, 2316-2317, 2318-2319, 2320-2321, 2322-2323, 2324-2325, 2326-2327, 2328-2329, 2330-2331, 2332-2333, 2334-2335, 2336-2337, 2338-2339, 2340-2341, 2342-2343, 2344-2345, 2346-2347, 2348-2349, 2350-2351, 2352-2353, 2354-2355, 2356-2357, 2358-2359, 2360-2361, 2362-2363, 2364-2365, 2366-2367, 2368-2369, 2370-2371, 2372-2373, 2374-2375, 2376-2377, 2378-2379, 2380-2381, 2382-2383, 2384-2385, 2386-2387, 2388-2389, 2390-2391, 2392-2393, 2394-2395, 2396-2397, 2398-2399, 2400-2401, 2402-2403, 2404-2405, 2406-2407, 2408-2409, 2410-2411, 2412-2413, 2414-2415, 2416-2417, 2418-2419, 2420-2421, 2422-2423, 2424-2425, 2426-2427, 2428-2429, 2430-2431, 2432-2433, 2434-2435, 2436-2437, 2438-2439, 2440-2441, 2442-2443, 2444-2445, 2446-2447, 2448-2449, 2450-2451, 2452-2453, 2454-2455, 2456-2457, 2458-2459, 2460-2461, 2462-2463, 2464-2465, 2466-2467, 2468-2469, 2470-2471, 2472-2473, 2474-2475, 2476-2477, 2478-2479, 2480-2481, 2482-2483, 2484-2485, 2486-2487, 2488-2489, 2490-2491, 2492-2493, 2494-2495, 2496-2497, 2498-2499, 2500-2501, 2502-2503, 2504-2505, 2506-2507, 2508-2509, 2510-2511, 2512-2513, 2514-2515, 2516-2517, 2518-2519, 2520-2521, 2522-2523, 2524-2525, 2526-2527, 2528-2529, 2530-2531, 2532-2533, 2534-2535, 2536-2537, 2538-2539, 2540-2541, 2542-2543, 2544-2545, 2546-2547, 2548-2549, 2550-2551, 2552-2553, 2554-2555, 2556-2557, 2558-2559, 2560-2561, 2562-2563, 2564-2565, 2566-2567, 2568-2569, 2570-2571, 2572-2573, 2574-2575, 2576-2577, 2578-2579, 2580-2581, 2582-2583, 2584-2585, 2586-2587, 2588-2589, 2590-2591, 2592-2593, 2594-2595, 2596-2597, 2598-2599, 2600-2601, 2602-2603, 2604-2605, 2606-2607, 2608-2609, 2610-2611, 2612-2613, 2614-2615, 2616-2617, 2618-2619, 2620-2621, 2622-2623, 2624-2625, 2626-2627, 2628-2629, 2630-2631, 2632-2633, 2634-2635, 2636-2637, 2638-2639, 2640-2641, 2642-2643, 2644-2645, 2646-2647, 2648-2649, 2650-2651, 2652-2653, 2654-2655, 2656-2657, 2658-2659, 2660-2661, 2662-2663, 2664-2665, 2666-2667, 2668-2669, 2670-2671, 2672-2673, 2674-2675, 2676-2677, 2678-2679, 2680-2681, 2682-2683, 2684-2685, 2686-2687, 2688-2689, 2690-2691, 2692-2693, 2694-2695, 2696-2697, 2698-2699, 2700-2701, 2702-2703, 2704-2705, 2706-2707, 2708-2709, 2710-2711, 2712-2713, 2714-2715, 2716-2717, 2718-2719, 2720-2721, 2722-2723, 2724-2725, 2726-2727, 2728-2729, 2730-2731, 2732-2733, 2734-2735, 2736-2737, 2738-2739, 2740-2741, 2742-2743, 2744-2745, 2746-2747, 2748-2749, 2750-2751, 2752-2753, 2754-2755, 2756-2757, 2758-2759, 2760-2761, 2762-2763, 2764-2765, 2766-2767, 2768-2769, 2770-2771, 2772-2773, 2774-2775, 2776-2777, 2778-2779, 2780-2781, 2782-2783, 2784-2785, 2786-2787, 2788-2789, 2790-2791, 2792-2793, 2794-2795, 2796-2797, 2798-2799, 2800-2801, 2802-2803, 2804-2805, 2806-2807, 2808-2809, 2810-2811, 2812-2813, 2814-2815, 2816-2817, 2818-2819, 2820-2821, 2822-2823, 2824-2825, 2826-2827, 2828-2829, 2830-2831, 2832-2833, 2834-2835, 2836-2837, 2838-2839, 2840-2841, 2842-2843, 2844-2845, 2846-2847, 2848-2849, 2850-2851, 2852-2853, 2854-2855, 2856-2857, 2858-2859, 2860-2861, 2862-2863, 2864-2865, 2866-2867, 2868-2869, 2870-2871, 2872-2873, 2874-2875, 2876-2877, 2878-2879, 2880-2881, 2882-2883, 2884-2885, 2886-2887, 2888-2889, 2890-2891, 2892-2893, 2894-2895, 2896-2897, 2898-2899, 2900-2901, 2902-2903, 2904-2905, 2906-2907, 2908-2909, 2910-2911, 2912-2913, 2914-2915, 2916-2917, 2918-2919, 2920-2921, 2922-2923, 2924-2925, 2926-2927, 2928-2929, 2930-2931, 2932-2933, 2934-2935, 2936-2937, 2938-2939, 2940-2941, 2942-2943, 2944-2945, 2946-2947, 2948-2949, 2950-2951, 2952-2953, 2954-2955, 2956-2957, 2958-2959, 2960-2961, 2962-2963, 2964-2965, 2966-2967, 2968-2969, 2970-2971, 2972-2973, 2974-2975, 2976-2977, 2978-2979, 2980-2981, 2982-2983, 2984-2985, 2986-2987, 2988-2989, 2990-2991, 2992-2993, 2994-2995, 2996-2997, 2998-2999, 2999-3000

to minimize the potential for these differences, an independent pricing service may be used to adjust the value of the Fund's portfolio securities to the latest indications of fair value at 4 p.m. Eastern time.

When the last day of the reporting period is a non-business day, certain foreign markets may be open on those days that the Fund's NAV is not calculated, which could result in differences between the value of the Fund's portfolio securities on the last business day and the last calendar day of the reporting period. Any security valuation changes due to an open foreign market are adjusted and reflected by the Fund for financial reporting purposes.

## 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 Managed Trust

- **b. Investment Company Act file number:** 811-04894

- **c. CIK number of Registrant:** 0000805650

- **d. LEI of Registrant:** 549300ABVE9PHQM3RW65

- **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 Rising Dividends Fund

- **b. EDGAR series identifier (if any):** S000006858

- **c. LEI of Series:** 549300RLL39D0QDRZ160

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $24970996261.56

**Total Liabilities:** $24254732.60

**Net Assets:** $24946741528.96

**Cash Not Reported:** $9872554.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018534 | 9.08%                | 7.31%                | -3.59%               |
| Class ID C000128832 | 9.17%                | 7.41%                | -3.50%               |
| Class ID C000018532 | 9.14%                | 7.38%                | -3.53%               |
| Class ID C000018535 | 9.12%                | 7.36%                | -3.55%               |
| Class ID C000018531 | 9.15%                | 7.41%                | -3.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $46031327.79             | $1974315234.98                             |
| Month 2  | $25178072.97             | $1740347186.00                             |
| Month 3  | $81796141.22             | $-1022394048.79                            |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Exxon Mobil Corp.                                      | Exxon Mobil Corp.                                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   2173138 | NS      | $239697121.40  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                                          | Walmart, Inc.                                          | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   2586107 | NS      | $366684111.53  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos., Inc.                                    | Carlisle Cos., Inc.                                    | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |   1017507 | NS      | $239775524.55  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric plc                                     | nVent Electric plc                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |   5009065 | NS      | $192698730.55  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp.                                          | Danaher Corp.                                          | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    336655 | NS      | $89354970.10   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                                          | Stryker Corp.                                          | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |   3352474 | NS      | $819646368.26  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                            | Apple, Inc.                                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    430708 | NS      | $55961890.44   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores, Inc.                                      | Ross Stores, Inc.                                      | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |   3905372 | NS      | $453296528.04  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                      | Johnson & Johnson                                      | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |   2845857 | NS      | $502720639.05  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                                           | Pfizer, Inc.                                           | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |   4957904 | NS      | $254043000.96  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair plc                                            | Pentair plc                                            | CUSIP: N/A<br>LEI: 549300EVR9D56WPSRP15       | Long             | EC               | CORP              | IE        |   1975665 | NS      | $88865411.70   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co.                               | Becton Dickinson and Co.                               | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |   2400500 | NS      | $610447150.00  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.                            | United Parcel Service, Inc., Class B                   | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |   2909052 | NS      | $505709599.68  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc                     | Johnson Controls International plc                     | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |   6596177 | NS      | $422155328.00  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co., Inc.                                  | McCormick & Co., Inc.                                  | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |   4268978 | NS      | $353855586.42  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger, Inc.                                      | WW Grainger, Inc.                                      | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |    569266 | NS      | $316654212.50  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp.                                 | General Dynamics Corp.                                 | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |   1573345 | NS      | $390362627.95  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co. (The)                             | Sherwin-Williams Co. (The)                             | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    644274 | NS      | $152905548.42  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                              | Linde plc                                              | CUSIP: N/A<br>LEI: 8945002PAZHZLBGKGF02       | Long             | EC               | CORP              | IE        |   2707634 | NS      | $883176058.12  | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                                           | Nasdaq, Inc.                                           | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |   5410128 | NS      | $331911352.80  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                               | Roper Technologies, Inc.                               | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |   2152547 | NS      | $930094033.23  | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                    | Abbott Laboratories                                    | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |   4513177 | NS      | $495501702.83  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                          | Medtronic plc                                          | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |   5112790 | NS      | $397366038.80  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals, Inc.                       | Air Products and Chemicals, Inc.                       | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |   2351440 | NS      | $724854894.40  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                        | Starbucks Corp.                                        | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |   1317687 | NS      | $130714550.40  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo, Inc.                                          | PepsiCo, Inc.                                          | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |   2783083 | NS      | $502791774.78  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPMorgan Chase & Co.                                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   2565290 | NS      | $344005389.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services, Inc.                       | JB Hunt Transport Services, Inc.                       | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |   1173960 | NS      | $204691665.60  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                                      | Lowe's Cos., Inc.                                      | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |   2451364 | NS      | $488409763.36  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                                   | Analog Devices, Inc.                                   | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |   4197700 | NS      | $688548731.00  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                                  | Colgate-Palmolive Co.                                  | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |   3653490 | NS      | $287858477.10  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                          | Chevron Corp.                                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2201898 | NS      | $395218672.02  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp.                                           | Target Corp.                                           | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |   3059614 | NS      | $456004870.56  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co.                                     | Erie Indemnity Co., Class A                            | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |    934478 | NS      | $232423368.16  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services, Inc.                     | West Pharmaceutical Services, Inc.                     | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |   1569781 | NS      | $369447958.35  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp.                                 | Norfolk Southern Corp.                                 | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |   1367167 | NS      | $336897292.14  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                             | Procter & Gamble Co. (The)                             | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   2959991 | NS      | $448616235.96  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                        | Microsoft Corp.                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   7992683 | NS      | $1916805237.06 | 7.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                                             | NIKE, Inc., Class B                                    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |   4056497 | NS      | $474650713.97  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International, Inc.                          | Honeywell International, Inc.                          | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |   3007092 | NS      | $644419815.60  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp.                            | Raytheon Technologies Corp.                            | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |   7005142 | NS      | $706958930.64  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab, Inc.                                           | Ecolab, Inc.                                           | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |   1836997 | NS      | $267393283.32  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                           | Mondelez International, Inc., Class A                  | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   3421025 | NS      | $228011316.25  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                           | AbbVie, Inc.                                           | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |   2612432 | NS      | $422195135.52  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co., Inc.                                    | Donaldson Co., Inc.                                    | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |   2473417 | NS      | $145610058.79  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                                    | EOG Resources, Inc.                                    | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |   2074212 | NS      | $268651938.24  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                               | UnitedHealth Group, Inc.                               | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |   1381432 | NS      | $732407617.76  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp.                                            | Dover Corp.                                            | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |   2502810 | NS      | $338905502.10  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                             | Visa, Inc., Class A                                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |   2882721 | NS      | $598914114.96  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                                       | McDonald's Corp.                                       | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |   1894100 | NS      | $499152173.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp.                                        | Albemarle Corp.                                        | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |   1775116 | NS      | $384951655.76  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Institutional Fiduciary Trust - Money Market Portfolio | Institutional Fiduciary Trust - Money Market Portfolio | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        | 599950742 | NS      | $599950742.26  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc                                          | Accenture plc, Class A                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |   2818028 | NS      | $751962591.52  | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                                       | CVS Health Corp.                                       | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |   1300095 | NS      | $121155853.05  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments, Inc.                                | Texas Instruments, Inc.                                | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   4024873 | NS      | $664989517.06  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                                           | Cintas Corp.                                           | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1022423 | NS      | $461746675.26  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Franklin Managed Trust

**Signature:** Ryan Wheeler

**Name of Signer:** Ryan Wheeler

**Title:** Assistant Treasurer