# EDGAR Filing Document

**Accession Number:** 0001124459
**File Stem:** 0001133228-26-004188
**Filing Date:** 2026-3
**Character Count:** 170511
**Document Hash:** cf1494a5fa22fa29b0d43ad7d46d1e38
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-004188.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0001133228-26-004188

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 30

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**EFFECTIVENESS DATE**: 20260327

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Global Trust
- **CENTRAL INDEX KEY:** 0001124459

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10157
- **FILM NUMBER:** 26806486

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN GLOBAL TRUST
- **DATE OF NAME CHANGE:** 20000922

## Series and Classes Contracts Data

### Franklin Emerging Market Debt Opportunities Fund (Series ID: S000012347)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000033574 | Franklin Emerging Market Debt Opportunities Fund | FEMDX           |

### Franklin International Growth Fund (Series ID: S000022425)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000064524 | Class A       | FNGAX           |
| C000067641 | Class C       | FNGDX           |
| C000067642 | Class R       | FNGRX           |
| C000067643 | Advisor Class | FNGZX           |
| C000128792 | Class R6      | FILRX           |

?xml version='1.0' encoding='ASCII'? 2026-02-1874200005400_FranklinEmergingMarketDebtOpportunitiesFund_AdvisorClass_TSRSemiAnnual

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR**

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number **811-10157**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Franklin Global Trust** 

(Exact name of registrant as specified in charter)

**One Franklin Parkway, San Mateo, CA 94403-1906**

(Address of principal executive offices) (Zip code)

Alison Baur

Franklin Templeton

One Franklin Parkway

San Mateo, CA 94403-1906

(Name and address of agent for service)

Registrant's telephone number, including area code: **(650) 312-2000**

Date of fiscal year end: **July 31**

Date of reporting period: **January 31, 2026**

ITEM 1. REPORT TO STOCKHOLDERS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Report to Shareholders is filed herewith

---

| | |
|:---|:---|
| **Franklin Emerging Market Debt Opportunities Fund**  | ![image](img2199_202405220716489.jpg) |
| Advisor Class [FEMDX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Franklin Emerging Market Debt Opportunities Fund for the period August 1, 2025, to January 31, 2026.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) 321-8563.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Advisor Class | $53 | 1.00% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Total Net Assets** | $137958528 |
| **Total Number of Portfolio Holdings (excludes derivatives, except purchased options, if any)** | 150 |
| **Portfolio Turnover Rate** | 24.05% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts6520img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Franklin Emerging Market Debt Opportunities Fund PAGE 1 699-STSR-0326

5.65.04.44.23.93.43.43.43.33.33.32.92.82.82.72.62.52.32.231.44.6 ------

---

| | |
|:---|:---|
| **Franklin International Growth Fund**  | ![image](img2199_202405220716489.jpg) |
| Class A [FNGAX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Franklin International Growth Fund for the period August 1, 2025, to January 31, 2026.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class A | $56 | 1.11% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Total Net Assets** | $708101058 |
| **Total Number of Portfolio Holdings** | 35 |
| **Portfolio Turnover Rate** | 22.68% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts6498img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Franklin International Growth Fund PAGE 1 429-STSR-0326

61.915.010.83.53.53.41.9 ------

---

| | |
|:---|:---|
| **Franklin International Growth Fund**  | ![image](img2199_202405220716489.jpg) |
| Class C [FNGDX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Franklin International Growth Fund for the period August 1, 2025, to January 31, 2026.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class C | $94 | 1.86% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Total Net Assets** | $708101058 |
| **Total Number of Portfolio Holdings** | 35 |
| **Portfolio Turnover Rate** | 22.68% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts6495img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Franklin International Growth Fund PAGE 1 248-STSR-0326

61.915.010.83.53.53.41.9 ------

---

| | |
|:---|:---|
| **Franklin International Growth Fund**  | ![image](img2199_202405220716489.jpg) |
| Class R [FNGRX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Franklin International Growth Fund for the period August 1, 2025, to January 31, 2026.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class R | $69 | 1.36% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Total Net Assets** | $708101058 |
| **Total Number of Portfolio Holdings** | 35 |
| **Portfolio Turnover Rate** | 22.68% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts6496img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Franklin International Growth Fund PAGE 1 868-STSR-0326

61.915.010.83.53.53.41.9 ------

---

| | |
|:---|:---|
| **Franklin International Growth Fund**  | ![image](img2199_202405220716489.jpg) |
| Class R6 [FILRX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Franklin International Growth Fund for the period August 1, 2025, to January 31, 2026.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class R6 | $38 | 0.75% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Total Net Assets** | $708101058 |
| **Total Number of Portfolio Holdings** | 35 |
| **Portfolio Turnover Rate** | 22.68% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts6497img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Franklin International Growth Fund PAGE 1 368-STSR-0326

61.915.010.83.53.53.41.9 ------

---

| | |
|:---|:---|
| **Franklin International Growth Fund**  | ![image](img2199_202405220716489.jpg) |
| Advisor Class [FNGZX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| January 31, 2026  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Franklin International Growth Fund for the period August 1, 2025, to January 31, 2026.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Advisor Class | $44 | 0.86% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of January 31, 2026)

---

| | |
|:---|:---|
| **Total Net Assets** | $708101058 |
| **Total Number of Portfolio Holdings** | 35 |
| **Portfolio Turnover Rate** | 22.68% |

---

**WHAT DID THE FUND INVEST IN?** (as of January 31, 2026)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts6499img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Franklin International Growth Fund PAGE 1 649-STSR-0326

61.915.010.83.53.53.41.9 ------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable

ITEM 2. CODE OF ETHICS.

Not applicable

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable.

ITEM 6. SCHEDULE OF INVESTMENTS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Please see schedule of investments contained in the Financial Statements and Financial
 Highlights included under Item 7 of this Form N-CSR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

#### Franklin

#### Global

#### Trust

#### Financial

#### Statements

#### and

#### Other

#### Important

#### Information

#### Semi-Annual
\|

January 31, 2026

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### Franklin

#### International

#### Growth

#### Fund

#### If

#### you

#### need

#### assistance

#### accessing

#### this

#### content,

#### please

#### reach

#### out

#### to

#### your

#### sales

#### representative

#### or

#### send

#### an

#### email

#### to

#### accessibility@franklintempleton.com

#### .

#### Table

#### of

#### Contents

#### ftinstitutional.com

#### \|

#### franklintempleton.com
Financial

Statements

and

Other

Important

Information—Semiannual

Financial

Highlights

and

Schedule

of

Investments

#### 2
Financial

Statements

#### 17
Notes

to

Financial

Statements

#### 21
Changes

In

and

Disagreements

with

Accountants

#### 41
Results

of

Meeting(s)

of

Shareholders

Remuneration

Paid

to

Directors,

Officers

and

Others

Board

Approval

of

Management

and

Subadvisory

Agreements

Franklin

Global

Trust

Consolidated

Financial

Highlights

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

consolidated

financial

statements.

a

#### Six

#### Months

#### Ended

#### January

#### 31,

#### 2026
(unaudited)

#### Year

#### Ended

#### July

#### 31,

#### 2025

#### 2024

#### 2023

#### 2022

#### 2021

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$12.35

$11.55

$10.46

$9.91

$11.73

$10.19

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.58 1.02 0.85 0.79 0.77 0.71 Net

realized

and

unrealized

gains

(losses)

0.70 0.31 0.58 0.66 (2.59)

0.83 Total

from

investment

operations

........

1.28 1.33 1.43 1.45 (1.82)

1.54 Less

distributions

from:

Net

investment

income

..............

(0.81)

(0.53)

(0.34)

(0.90)

—

—

Net

asset

value,

end

of

period

..........

$12.82

$12.35

$11.55

$10.46

$9.91

$11.73

Total

return

c

.......................

10.58%

11.88%

13.78%

15.51%

(15.52)%

15.11%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

1.02%

1.15%

1.24%

1.04%

1.14%

1.24%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.00%

1.00%

1.00%

1.00%

e

1.00%

e

1.00%

e

Net

investment

income

...............

8.97%

8.60%

7.85%

7.96%

6.90%

6.34%

#### Supplemental

#### data
Net

assets,

end

of

period

(000's)

........

$137,959

$106,537

$68,318

$41,116

$55,697

$135,374

Portfolio

turnover

rate

................

24.05%

39.41%

75.07%

29.79%

43.31%

61.28%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Consolidated

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

e

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Franklin

Global

Trust

Consolidated

Schedule

of

Investments

(unaudited),

January

31,

2026

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
ftinstitutional.com

\|

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

a

#### Country

#### Shares
a

#### Value
a

a

#### a
a

#### Common

#### Stocks

#### 0.0%

#### †

#### Financial

#### Services

#### 0.0%
a,b,c

Astana

Finance

JSC,

GDR,

144A

.......................

Kazakhstan

193,625

$

—

#### Metals

#### &

#### Mining

#### 0.0%

#### †
b

Petra

Diamonds

Ltd.

.................................

South

Africa

96,243

19,754

#### Real

#### Estate

#### Management

#### &

#### Development

#### 0.0%

#### †
b

Country

Garden

Holdings

Co.

Ltd.

.......................

China

5,820

#### Total

#### Common

#### Stocks

#### (Cost

#### $22,261)

#### ........................................

#### 19,973

#### Warrants

#### 1.0%

#### Financial

#### Services

#### 1.0%
a,b,d

Venezuela

Government,

Oil

Value

Recovery,

4/15/20

.........

Venezuela

925,920

1,443,779

#### Metals

#### &

#### Mining

#### 0.0%
a,b

Petra

Diamonds

Ltd.,

2/20/49

..........................

South

Africa

339,904

—

#### Total

#### Warrants

#### (Cost

#### $17,796,506)
...........................................

#### 1,443,779

#### Units

#### Private

#### Limited

#### Partnership

#### Funds

#### 0.0%

#### Capital

#### Markets

#### 0.0%
a,b,d,e

Global

Distressed

Alpha

Fund

III

LP

.....................

United

States

4,424,861

—

#### Total

#### Private

#### Limited

#### Partnership

#### Funds

#### (Cost

#### $4,600,000)
.....................

#### —

#### Principal

#### Amount

#### \*

#### Convertible

#### Bonds

#### 0.1%

#### Real

#### Estate

#### Management

#### &

#### Development

#### 0.1%
Country

Garden

Holdings

Co.

Ltd.

,

f

AI,

Senior

Note,

45.3%,

12/31/31

.....................

China

719,660

78,911

AI,

Senior

Secured

Note,

Zero

Cpn.,

12/31/34

............

China

29,925

972

79,883

#### Total

#### Convertible

#### Bonds

#### (Cost

#### $90,555)
......................................

#### 79,883

#### Quasi-Sovereign

#### Bonds

#### 9.2%

#### Financial

#### Services

#### 0.3%
a

Meridiam

Eastern

Europe

Investments

SAS

,

8.85 %

,

6/10/28

...

Turkiye

357,143

EUR

453,514

a,c,g,h

Sphynx

Capital

Markets

PCC

(National

Investment

Bank

of

Ghana)

,

PTN

,

Secured

Note

,

Reg

S,

Zero

Cpn.,

2/05/09

.....

Ghana

8,000,000

—

453,514

#### Municipal

#### Bonds

#### 2.1%
i

Istanbul

Metropolitan

Municipality

,

Senior

Note,

144A,

10.75%,

4/12/27

...................

Turkiye

250,000

265,375

Senior

Note,

144A,

10.5%,

12/06/28

...................

Turkiye

1,245,000

1,370,686

i

Provincia

de

Tierra

del

Fuego

Argentina

,

Senior

Secured

Bond

,

144A,

8.95 %

,

1/21/30

...............................

Argentina

307,671

307,671

Provincia

del

Chubut

Argentina

,

i

Senior

Secured

Bond,

144A,

7.75%,

7/26/30

.............

Argentina

948,844

942,676

2,886,408

#### Oil,

#### Gas

#### &

#### Consumable

#### Fuels

#### 6.1%
Ecopetrol

SA

,

Senior

Bond

,

4.625 %

,

11/02/31

..............

Colombia

950,000

854,279

Franklin

Global

Trust

Consolidated

Schedule

of

Investments

(unaudited)

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
(continued)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

a

#### Country

#### Principal

#### Amount

#### \*
a

#### Value
a

#### a
a

#### Quasi-Sovereign

#### Bonds
(continued)

#### Oil,

#### Gas

#### &

#### Consumable

#### Fuels
(continued)

i

Heritage

Petroleum

Co.

Ltd.

,

Senior

Secured

Note

,

144A,

%

,

8/12/29

.........................................

Trinidad

and

Tobago

650,000

$

668,753

i

KazMunayGas

National

Co.

JSC

,

Senior

Bond

,

144A,

5.75 %

,

4/19/47

.........................................

Kazakhstan

1,450,000

1,363,712

a,j

Nigerian

Petroleum

Corp.

,

%

,

12/15/30

..................

Nigeria

2,000,000

1,990,000

Petroleos

Mexicanos

,

Senior

Note

,

6.7 %

,

2/16/32

...........

Mexico

2,050,000

2,047,971

i

Uzbekneftegaz

JSC

,

Senior

Bond

,

144A,

8.75 %

,

5/07/30

......

Uzbekistan

1,350,000

1,462,639

8,387,354

#### Transportation

#### Infrastructure

#### 0.7%
i,k

PA

Autopista

Rio

Magdalena

,

Index

Linked,

Senior

Secured

Bond

,

144A,

6.05 %

,

6/15/36

...............................

Colombia

3,667,112,178

COP

875,391

#### Total

#### Quasi-Sovereign

#### Bonds

#### (Cost

#### $15,077,524)
..............................

#### 12,602,667

#### Corporate

#### Bonds

#### 10.2%

#### Banks

#### 0.7%
i

Ardshinbank

CJSC

Via

Dilijan

Finance

BV

,

Senior

Note

,

144A,

6.6 %

,

1/22/31

....................................

Armenia

500,000

505,187

i

Ipoteka-Bank

ATIB

,

Senior

Note,

Reg

S,

20.5%,

4/25/27

...................

Uzbekistan

2,500,000,000

UZS

214,386

Senior

Note,

Reg

S,

17.5%,

10/09/28

..................

Uzbekistan

2,510,000,000

UZS

208,113

927,686

#### Broadline

#### Retail

#### 0.0%
a,g,i

K2016470219

South

Africa

Ltd.

,

Senior

Secured

Note

,

144A,

%

,

12/31/22

........................................

South

Africa

4,842,864

—

a,g,i

K2016470260

South

Africa

Ltd.

,

Senior

Secured

Note

,

144A,

%

,

12/31/22

....................................

South

Africa

2,133,302

—

—

#### Chemicals

#### 1.2%
i

Braskem

America

Finance

Co.

,

Senior

Bond

,

Reg

S,

7.125 %

,

7/22/41

.........................................

Brazil

740,000

296,244

g,i

Braskem

Idesa

SAPI

,

Senior

Secured

Bond

,

144A,

6.99 %

,

2/20/32

.........................................

Mexico

1,640,000

1,077,521

i

Braskem

Netherlands

Finance

BV

,

Senior

Bond

,

Reg

S,

%

,

10/15/34

........................................

Brazil

770,000

314,507

1,688,272

#### Commercial

#### Services

#### &

#### Supplies

#### 0.1%
g,i

Ambipar

Lux

SARL

,

Senior

Note,

144A,

9.875%,

2/06/31

...................

Brazil

671,000

130,852

Senior

Note,

144A,

10.875%,

2/05/33

..................

Brazil

600,000

87,742

218,594

#### Diversified

#### Telecommunication

#### Services

#### 0.5%
i

IHS

Holding

Ltd.

,

Senior

Note

,

144A,

8.25 %

,

11/29/31

........

Nigeria

650,000

679,381

#### Electric

#### Utilities

#### 2.3%
i

Adani

Electricity

Mumbai

Ltd.

,

Senior

Secured

Bond

,

144A,

3.949 %

,

2/12/30

...................................

India

1,760,000

1,649,306

i

GDZ

Elektrik

Dagitim

A/S

,

Senior

Note

,

144A,

%

,

10/15/29

...

Turkiye

1,500,000

1,502,967

3,152,273

Franklin

Global

Trust

Consolidated

Schedule

of

Investments

(unaudited)

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
(continued)

ftinstitutional.com

\|

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

a

#### Country

#### Principal

#### Amount

#### \*
a

#### Value
a

#### a
a

#### Corporate

#### Bonds
(continued)

#### Food

#### Products

#### 1.2%
i

Frigorifico

Concepcion

SA

,

Senior

Secured

Note

,

144A,

7.7 %

,

7/21/28

.........................................

Paraguay

1,700,000

$

946,987

i

MHP

Lux

SA

,

Senior

Note

,

144A,

6.95 %

,

4/03/26

...........

Ukraine

700,000

703,717

1,650,704

#### Metals

#### &

#### Mining

#### 0.6%
i

Petra

Diamonds

US

Treasury

plc

,

Senior

Secured

Note

,

144A,

9.75 %

,

3/08/30

...................................

South

Africa

1,415,350

877,940

#### Oil,

#### Gas

#### &

#### Consumable

#### Fuels

#### 1.8%
i

Kosmos

Energy

Ltd.

,

Senior

Note

,

144A,

8.75 %

,

10/01/31

.....

Ghana

2,100,000

1,326,781

i

MC

Brazil

Downstream

Trading

SARL

,

Senior

Secured

Note

,

144A,

7.25 %

,

6/30/31

...............................

Brazil

1,313,944

1,168,675

2,495,456

#### Real

#### Estate

#### Management

#### &

#### Development

#### 0.1%
l

Country

Garden

Holdings

Co.

Ltd.

,

AI,

Senior

Secured

Bond,

PIK,

1.25%,

12/31/36

...........

China

988,619

63,024

AI,

Senior

Secured

Note,

PIK,

5%,

12/31/32

.............

China

347,370

38,211

AI,

Senior

Secured

Note,

PIK,

2.25%,

12/31/34

...........

China

55,575

4,099

105,334

#### Wireless

#### Telecommunication

#### Services

#### 1.7%
i

Digicel

International

Finance

Ltd.

/

DIFL

US

LLC

,

Senior

Secured

Note

,

144A,

8.625 %

,

8/01/32

.........................

Jamaica

1,250,000

1,300,489

Telecommunications

Services

of

Trinidad

&

Tobago

Ltd.

,

i

Senior

Secured

Bond,

144A,

8.875%,

10/18/29

...........

Trinidad

and

Tobago

970,000

989,768

2,290,257

#### Total

#### Corporate

#### Bonds

#### (Cost

#### $22,085,355)
....................................

#### 14,085,897
m

#### Loan

#### Participations

#### and

#### Assignments

#### 0.0%
a,g,i,n

Alfa

Bank

AO

Via

Alfa

Bond

Issuance

plc

,

Sub.

Bond

,

144A,

FRN

,

5.95 %

,

(5-year

CMT

T-Note

+

4.546 %),

4/15/30

...........

Russia

1,000,000

—

a,d,l,o

Global

Distressed

Alpha

Fund

III

LP

,

PIK,

12%,

Perpetual

................................

United

States

2,008,105

—

#### Total

#### Loan

#### Participations

#### and

#### Assignments

#### (Cost

#### $2,501,533)
..................

#### —

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### 69.6%
i

Angola

Government

Bond

,

Senior

Bond,

144A,

8.75%,

4/14/32

....................

Angola

2,447,000

2,400,109

Senior

Bond,

144A,

9.375%,

5/08/48

...................

Angola

1,200,000

1,070,903

Argentina

Bonos

del

Tesoro

Nacional

Capitalizable

en

Pesos

,

24.08 %

,

6/30/26

...................................

Argentina

1,720,000,000

ARS

1,156,922

Argentina

Government

Bond

,

Senior

Bond,

4.125%,

7/09/35

........................

Argentina

1,635,000

1,268,760

Senior

Note,

1%,

7/09/29

............................

Argentina

882,343

779,109

i

Armenia

Government

Bond

,

Senior

Bond,

144A,

3.95%,

9/26/29

....................

Armenia

720,000

686,979

Senior

Bond,

144A,

3.6%,

2/02/31

.....................

Armenia

750,000

683,199

i

Benin

Government

Bond

,

Senior

Bond,

144A,

4.875%,

1/19/32

...................

Benin

683,000

EUR

794,577

Senior

Bond,

144A,

7.96%,

2/13/38

....................

Benin

400,000

418,200

Senior

Bond,

144A,

8.375%,

1/23/41

...................

Benin

1,400,000

1,487,566

Franklin

Global

Trust

Consolidated

Schedule

of

Investments

(unaudited)

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
(continued)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

a

#### Country

#### Principal

#### Amount

#### \*
a

#### Value
a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities
(continued)

Brazil

Government

Bond

,

Senior

Bond,

4.75%,

1/14/50

.........................

Brazil

1,870,000

$

1,377,068

k

B,

Index

Linked,

6%,

5/15/35

.........................

Brazil

15,290,686

BRL

2,652,327

i

Bulgaria

Government

Bond

,

Senior

Bond,

Reg

S,

1.375%,

9/23/50

..................

Bulgaria

1,990,000

EUR

1,341,774

Senior

Note,

Reg

S,

4.125%,

9/23/29

...................

Bulgaria

250,000

EUR

311,707

Senior

Note,

Reg

S,

3.625%,

9/05/32

...................

Bulgaria

700,000

EUR

856,976

i

Cameroon

Government

Bond

,

Senior

Bond

,

144A,

5.95 %

,

7/07/32

.........................................

Cameroon

2,130,000

EUR

2,219,912

Colombia

Government

Bond

,

Senior

Bond,

7.5%,

2/02/34

..........................

Colombia

480,000

501,888

Senior

Note,

5.75%,

11/26/34

.........................

Colombia

600,000

EUR

693,176

Colombia

Titulos

de

Tesoreria

,

B,

11%,

8/22/29

...................................

Colombia

2,315,000,000

COP

596,390

B,

13.25%,

2/09/33

................................

Colombia

3,805,500,000

COP

1,053,464

i

Congo

Government

Bond

,

Senior

Note

,

Reg

S,

9.875 %

,

11/07/32

Congo

1,600,000

1,492,994

i

Dominican

Republic

Government

Bond

,

Senior

Bond,

144A,

13.625%,

2/03/33

..................

Dominican

Republic

70,650,000

DOP

1,379,724

Senior

Bond,

144A,

6.95%,

3/15/37

....................

Dominican

Republic

800,000

855,200

Senior

Bond,

144A,

6.4%,

6/05/49

.....................

Dominican

Republic

850,000

840,012

Egypt

Government

Bond

,

25.318%,

8/13/27

..................................

Egypt

41,000,000

EGP

900,198

24.458%,

10/01/27

.................................

Egypt

77,307,000

EGP

1,686,757

i

Senior

Bond,

144A,

7.3%,

9/30/33

.....................

Egypt

875,000

882,035

i

Senior

Bond,

144A,

7.5%,

2/16/61

.....................

Egypt

1,310,000

1,115,671

i

El

Salvador

Government

Bond

,

Senior

Bond,

Reg

S,

7.65%,

6/15/35

...................

El

Salvador

2,900,000

3,016,000

Senior

Note,

144A,

0.25%,

4/17/30

.....................

El

Salvador

1,200,000

35,400

g,i

Ethiopia

Government

Bond

,

Senior

Bond,

144A,

6.625%,

12/11/24

..................

Ethiopia

2,700,000

2,861,923

Senior

Bond,

Reg

S,

6.625%,

12/11/24

..................

Ethiopia

620,000

657,183

i

Gabon

Government

Bond

,

Senior

Bond,

144A,

6.625%,

2/06/31

...................

Gabon

2,040,000

1,744,024

Senior

Bond,

144A,

7%,

11/24/31

......................

Gabon

2,250,000

1,889,188

i

Ghana

Government

Bond

,

Senior

Bond

,

Reg

S,

%

,

7/03/35

...

Ghana

1,700,000

1,556,377

i

Grenada

Government

Bond

,

Senior

Bond

,

144A,

%

,

5/12/30

..

Grenada

646,897

626,520

i

Guatemala

Government

Bond

,

Senior

Bond

,

Reg

S,

6.125 %

,

6/01/50

.........................................

Guatemala

1,425,000

1,393,650

i

Honduras

Government

Bond

,

Senior

Bond

,

144A,

5.625 %

,

6/24/30

.........................................

Honduras

1,445,000

1,458,511

Iraq

Government

Bond

,

i

Senior

Bond,

Reg

S,

5.8%,

1/15/28

....................

Iraq

2,647,500

2,638,029

i

Ivory

Coast

Government

Bond

,

Senior

Bond

,

144A,

4.875 %

,

1/30/32

.........................................

Ivory

Coast

2,340,000

EUR

2,737,874

Jamaica

Government

Bond

,

Senior

Note

,

9.625 %

,

11/03/30

....

Jamaica

78,500,000

JMD

528,504

i

Jordan

Government

Bond

,

Senior

Bond,

144A,

5.85%,

7/07/30

....................

Jordan

1,400,000

1,412,529

Senior

Bond,

144A,

7.375%,

10/10/47

..................

Jordan

1,450,000

1,437,108

Kazakhstan

MEOKAM

,

10.5%,

8/04/26

...................................

Kazakhstan

319,489,000

KZT

614,128

13.9%,

9/16/26

...................................

Kazakhstan

394,713,000

KZT

768,279

Kazakhstan

MEUKAM

,

Senior

Bond,

6.5%,

10/24/27

.........................

Kazakhstan

215,520,000

KZT

366,500

Senior

Bond,

5%,

4/18/28

...........................

Kazakhstan

870,900,000

KZT

1,379,834

Franklin

Global

Trust

Consolidated

Schedule

of

Investments

(unaudited)

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
(continued)

ftinstitutional.com

\|

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

a

#### Country

#### Principal

#### Amount

#### \*
a

#### Value
a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities
(continued)

Mexican

Bonos

Desarr

Fixed

Rate

,

M,

7.75%,

5/29/31

.................................

Mexico

16,120,000

p

MXN

$

901,112

M,

8%,

11/07/47

...................................

Mexico

54,182,500

p

MXN

2,734,511

i

Montenegro

Government

Bond

,

Senior

Note

,

144A,

4.875 %

,

4/01/32

.........................................

Montenegro

1,650,000

EUR

2,013,160

Mozambique

Government

Bond

,

i

144A,

9%,

9/15/31

.................................

Mozambique

2,471,000

2,155,806

Nigeria

Government

Bond

,

17.95%,

6/25/32

...................................

Nigeria

2,479,414,000

NGN

1,826,368

i

Senior

Bond,

Reg

S,

7.625%,

11/28/47

..................

Nigeria

900,000

843,673

i

Pakistan

Government

Bond

,

Senior

Bond

,

144A,

7.375 %

,

4/08/31

Pakistan

1,510,000

1,523,269

i

Romania

Government

Bond

,

Senior

Bond,

Reg

S,

3.875%,

10/29/35

.................

Romania

1,450,000

EUR

1,551,338

Senior

Bond,

Reg

S,

5.625%,

2/22/36

..................

Romania

1,370,000

EUR

1,661,360

Senior

Note,

Reg

S,

5.25%,

5/30/32

....................

Romania

445,000

EUR

551,723

g,i

Saderea

DAC

,

Senior

Secured

Bond

,

Reg

S,

12.5 %

,

11/30/26

..

Ghana

962,883

982,140

South

Africa

Government

Bond

,

8.75%,

2/28/48

...................................

South

Africa

37,850,000

ZAR

2,315,338

Senior

Bond,

5.75%,

9/30/49

.........................

South

Africa

1,600,000

1,320,204

i

Suriname

Government

Bond

,

Senior

Bond

,

144A,

8.5 %

,

11/06/35

Suriname

1,400,000

1,510,194

Tunisia

Government

Bond

,

Senior

Bond,

4.2%,

3/17/31

..........................

Tunisia

350,000,000

JPY

2,012,131

i

Senior

Note,

Reg

S,

6.375%,

7/15/26

...................

Tunisia

700,000

EUR

826,009

Turkiye

Government

Bond

,

36%,

8/12/26

.....................................

Turkiye

114,600,000

TRY

2,682,462

Senior

Bond,

4.875%,

4/16/43

........................

Turkiye

1,800,000

1,358,475

Uganda

Government

Bond

,

14.25 %

,

8/23/29

...............

Uganda

5,029,500,000

UGX

1,395,218

i

Ukraine

Government

Bond

,

Senior

Bond,

144A,

2/01/35

..........................

Ukraine

265,892

151,486

Senior

Bond,

144A,

4.5%,

2/01/35

.....................

Ukraine

639,491

398,373

Senior

Bond,

144A,

2/01/36

..........................

Ukraine

221,577

125,821

Senior

Bond,

144A,

4.5%,

2/01/36

.....................

Ukraine

693,632

422,884

Senior

Note,

144A,

4%,

2/01/32

.......................

Ukraine

2,881,000

2,300,240

Senior

Note,

144A,

4.5%,

2/01/34

.....................

Ukraine

758,281

479,331

i

Uzbekistan

Government

Bond

,

Senior

Note,

144A,

16.625%,

5/29/27

...................

Uzbekistan

16,730,000,000

UZS

1,432,407

Senior

Note,

144A,

15.5%,

2/25/28

.....................

Uzbekistan

8,100,000,000

UZS

695,858

g,i

Venezuela

Government

Bond

,

Reg

S,

6%,

12/09/20

...............................

Venezuela

472,000

155,807

Senior

Bond,

Reg

S,

7.65%,

4/21/25

...................

Venezuela

3,000,000

1,102,800

#### Total

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### (Cost

#### $88,796,553)
............

#### 96,054,656

#### Supranational

#### 4.1%
i

Asian

Infrastructure

Investment

Bank

(The)

,

Senior

Note

,

Reg

S,

%

,

3/01/29

......................................

Supranational

q

57,600,000

INR

626,597

i

Banque

Ouest

Africaine

de

Developpement

,

Sub.

Bond

,

144A,

8.2%

to

2/12/30,

FRN

thereafter

,

2/13/55

................

Supranational

q

700,000

709,828

i

Corp.

Andina

de

Fomento

,

Senior

Bond

,

Reg

S,

7.5 %

,

6/10/30

.

Supranational

q

8,630,000

MXN

469,618

European

Bank

for

Reconstruction

&

Development

,

Senior

Bond,

10.2%,

1/30/46

.........................

Supranational

q

115,600,000

ZAR

1,025,967

Senior

Note,

8.5%,

6/26/28

..........................

Supranational

q

400,000

AZN

241,556

Inter-American

Development

Bank

,

Senior

Note,

5.1%,

11/17/26

..........................

Supranational

q

15,130,000,000

IDR

900,408

Senior

Note,

7%,

1/25/29

............................

Supranational

q

47,000,000

INR

511,999

International

Bank

for

Reconstruction

&

Development

,

Senior

Note

,

4.6 %

,

2/09/26

................................

Supranational

q

15,300,000,000

IDR

913,552

Franklin

Global

Trust

Consolidated

Schedule

of

Investments

(unaudited)

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
(continued)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

a

#### Country

#### Principal

#### Amount

#### \*
a

#### Value
a

#### a
a

#### Supranational
(continued)

International

Finance

Corp.

,

%

,

7/23/27

..................

Supranational

q

500,000

AZN

$

304,341

#### Total

#### Supranational

#### (Cost

#### $

#### 5,732,728)
........................................

#### 5,703,866

#### Shares
a

#### Escrows

#### and

#### Litigation

#### Trusts

#### 0.0%

#### †
a,b

K2016470219

South

Africa

Ltd.,

Escrow

Account

............

South

Africa

275,106

4,490

#### Total

#### Escrows

#### and

#### Litigation

#### Trusts

#### (Cost

#### $–)
.................................

#### 4,490

#### Total

#### Long

#### Term

#### Investments

#### (Cost

#### $156,703,015)

#### .............................

#### 129,995,211

#### a

#### Short

#### Term

#### Investments

#### 4.6%
a

a

#### Country

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### 0.5%
f

Egypt

Treasury

Bills,

20.37%,

3/03/26

....................

Egypt

17,100,000

EGP

358,092

f

Kazakhstan

MEKKAM,

15.98%,

5/15/26

..................

Kazakhstan

170,000,000

KZT

322,336

#### Total

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### (Cost

#### $670,032)
..............

#### 680,428

#### Shares

#### Money

#### Market

#### Funds

#### 4.1%
r,s

Franklin

Institutional

U.S.

Government

Money

Market

Fund,

3.603%

.........................................

United

States

5,632,555

5,632,555

#### Total

#### Money

#### Market

#### Funds

#### (Cost

#### $5,632,555)

#### .................................

#### 5,632,555

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $6,302,587

####)
...............................

#### 6,312,983

#### a

#### Total

#### Investments

#### (Cost

#### $163,005,602)

#### 98.8%

#### .................................

#### $136,308,194

#### Other

#### Assets,

#### less

#### Liabilities

#### 1.2%

#### ...........................................

#### 1,650,334

#### Net

#### Assets

#### 100.0%

#### .........................................................

#### $137,958,528

#### a
Franklin

Global

Trust

Consolidated

Schedule

of

Investments

(unaudited)

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
(continued)

ftinstitutional.com

\|

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

At

January

31,

2026,

the

Fund

had

the

following

forward

exchange

contracts

outstanding.

See

Note

(d).

\*

The

principal

amount

is

stated

in

U.S.

dollars

unless

otherwise

indicated.

†

Rounds

to

less

than

0.1%

of

net

assets.

a

Fair

valued

using

significant

unobservable

inputs.

See

Note

regarding

fair

value

measurements.

b

Non-income

producing.

c

See

Note

regarding

restricted

securities.

d

The

security

is

owned

by

Alternative

Strategies

(FT)

Ltd.,

a

wholly-owned

subsidiary

of

the

Fund.

See

Note

1(f).

e

The

Global

Distressed

Alpha

Fund

III

LP

is

a

fund

focused

on

the

purchase

of

and

the

recovery

on

private

distressed

commercial,

sovereign

and

sovereign-related

debt

claims

around

the

world,

principally

in

Africa

and

Asia.

f

The

rate

shown

represents

the

yield

at

period

end.

g

Defaulted

security

or

security

for

which

income

has

been

deemed

uncollectible.

See

Note

6. h

Represents

claims

that

have

been

filed

with

a

Ghanaian

court

against

National

Investment

Bank

of

Ghana.

i

Security

was

purchased

pursuant

to

Rule

144A

or

Regulation

S

under

the

Securities

Act

of

1933. 144A

securities

may

be

sold

in

transactions

exempt

from

registration

only

to

qualified

institutional

buyers

or

in

a

public

offering

registered

under

the

Securities

Act

of

1933. Regulation

S

securities

cannot

be

sold

in

the

United

States

without

either

an

effective

registration

statement

filed

pursuant

to

the

Securities

Act

of

1933,

or

pursuant

to

an

exemption

from

registration.

At

January

31,

2026,

the

aggregate

value

of

these

securities

was

$86,229,042,

representing

62.5%

of

net

assets.

j

A

portion

or

all

of

the

security

purchased

on

a

delayed

delivery

basis.

See

Note

1(c).

k

Principal

amount

of

security,

redemption

price

at

maturity,

and/or

coupon

payments

are

adjusted

for

inflation.

See

Note

1(i).

l

Income

may

be

received

in

additional

securities

and/or

cash.

m

See

Note

1(f)

regarding

loan

participations

and

assignments.

n

The

coupon

rate

shown

represents

the

rate

at

period

end.

o

Perpetual

security

with

no

stated

maturity

date.

p

Principal

amount

is

stated

in

Mexican

Peso

Units.

q

A

supranational

organization

is

an

entity

formed

by

two

or

more

central

governments

through

international

treaties.

r

See

Note

3(f)

regarding

investments

in

affiliated

management

investment

companies.

s

The

rate

shown

is

the

annualized

seven-day

effective

yield

at

period

end.

#### Forward

#### Exchange

#### Contracts

#### Currency

#### Counter-

#### party

#### a

#### Type

#### Quantity

#### Contract

#### Amount

#### \*

#### Settlement

#### Date

#### Unrealized

#### Appreciation

#### Unrealized

#### Depreciation

#### a

#### OTC

#### Forward

#### Exchange

#### Contracts
Euro

.............

CITI

Buy

915,000

1,075,247

3/10/26

$

11,080

$

—

Euro

.............

CITI

Sell

14,600,000

17,119,001

3/10/26

—

(214,740)

Japanese

Yen

......

CITI

Sell

317,000,000

2,058,795

3/10/26

4,637

—

Total

Forward

Exchange

Contracts

...................................................

$15,717

$(214,740)

Net

unrealized

appreciation

(depreciation)

............................................

$(199,023)

\*

In

U.S.

dollars

unless

otherwise

indicated.

a

May

be

comprised

of

multiple

contracts

with

the

same

counterparty,

currency

and

settlement

date.

See

Note 9 regarding

other

derivative

information.

See

Abbreviations

on

.

Franklin

Global

Trust

Financial

Highlights

#### Franklin

#### International

#### Growth

#### Fund
ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

L

a

#### Six

#### Months

#### Ended

#### January

#### 31,

#### 2026
(unaudited)

#### Year

#### Ended

#### July

#### 31,

#### 2025

#### 2024

#### 2023

#### 2022

#### 2021

#### Class

#### A

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$18.07

$17.48

$16.49

$15.60

$22.76

$18.34

Income

from

investment

operations

a

:

Net

investment

income

(loss)

b

........

(0.05)

—

c

(—)

c

—

c

(0.06)

(0.09)

Net

realized

and

unrealized

gains

(losses)

0.18 0.89 0.99 1.14 (6.72)

4.99 Total

from

investment

operations

........

0.13 0.89 0.99 1.14 (6.78)

4.90 Less

distributions

from:

Net

investment

income

..............

(0.06)

(0.30)

—

—

(0.17)

—

Net

realized

gains

.................

(0.49)

—

—

(0.25)

(0.21)

(0.48)

Total

distributions

...................

(0.55)

(0.30)

—

(0.25)

(0.38)

(0.48)

Net

asset

value,

end

of

period

..........

$17.65

$18.07

$17.48

$16.49

$15.60

$22.76

Total

return

d

.......................

0.76%

5.28%

6.00%

7.52%

(30.19)%

26.98%

#### Ratios

#### to

#### average

#### net

#### assets

#### e
Expenses

before

waiver

and

payments

by

affiliates

..........................

1.22%

1.20%

1.19%

1.16%

1.15%

1.13%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.11%

1.11%

1.11%

1.11%

f

1.11%

1.11%

f

Net

investment

income

(loss)

..........

(0.54)%

0.02%

(0.02)%

0.01%

(0.32)%

(0.41)%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$334,060

$357,586

$397,432

$462,018

$528,966

$961,676

Portfolio

turnover

rate

................

22.68%

25.70%

17.56%

18.23%

17.92%

14.47%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Amount

rounds

to

less

than

$0.01

per

share.

d

Total

return

does

not

reflect

sales

commissions

or

contingent

deferred

sales

charges,

if

applicable,

and

is

not

annualized

for

periods

less

than

one

year.

e

Ratios

are

annualized

for

periods

less

than

one

year.

f

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Franklin

Global

Trust

Financial

Highlights

#### Franklin

#### International

#### Growth

#### Fund
(continued)

ftinstitutional.com

\|

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### January

#### 31,

#### 2026
(unaudited)

#### Year

#### Ended

#### July

#### 31,

#### 2025

#### 2024

#### 2023

#### 2022

#### 2021

#### Class

#### C

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$16.77

$16.21

$15.41

$14.70

$21.48

$17.46

Income

from

investment

operations

a

:

Net

investment

(loss)

b

..............

(0.11)

(0.12)

(0.11)

(0.11)

(0.20)

(0.23)

Net

realized

and

unrealized

gains

(losses)

0.16 0.83 0.91 1.07 (6.34)

4.73 Total

from

investment

operations

........

0.05 0.71 0.80 0.96 (6.54)

4.50 Less

distributions

from:

Net

investment

income

..............

—

(0.15)

—

—

(0.03)

—

Net

realized

gains

.................

(0.49)

—

—

(0.25)

(0.21)

(0.48)

Total

distributions

...................

(0.49)

(0.15)

—

(0.25)

(0.24)

(0.48)

Net

asset

value,

end

of

period

..........

$16.33

$16.77

$16.21

$15.41

$14.70

$21.48

Total

return

c

.......................

0.35%

4.48%

5.19%

6.74%

(30.73)%

26.04%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

1.97%

1.95%

1.94%

1.91%

1.90%

1.88%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.86%

1.86%

1.86%

1.86%

e

1.86%

1.86%

e

Net

investment

(loss)

................

(1.29)%

(0.75)%

(0.78)%

(0.74)%

(1.08)%

(1.15)%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$15,479

$17,374

$22,189

$27,894

$32,663

$62,560

Portfolio

turnover

rate

................

22.68%

25.70%

17.56%

18.23%

17.92%

14.47%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

does

not

reflect

sales

commissions

or

contingent

deferred

sales

charges,

if

applicable,

and

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

e

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Franklin

Global

Trust

Financial

Highlights

#### Franklin

#### International

#### Growth

#### Fund
(continued)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### January

#### 31,

#### 2026
(unaudited)

#### Year

#### Ended

#### July

#### 31,

#### 2025

#### 2024

#### 2023

#### 2022

#### 2021

#### Class

#### R

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$17.71

$17.13

$16.20

$15.37

$22.48

$18.16

Income

from

investment

operations

a

:

Net

investment

(loss)

b

..............

(0.07)

(0.04)

(0.04)

(0.04)

(0.10)

(0.12)

Net

realized

and

unrealized

gains

(losses)

0.16 0.88 0.97 1.12 (6.64)

4.92 Total

from

investment

operations

........

0.09 0.84 0.93 1.08 (6.74)

4.80 Less

distributions

from:

Net

investment

income

..............

(0.02)

(0.26)

—

—

(0.16)

—

Net

realized

gains

.................

(0.49)

—

—

(0.25)

(0.21)

(0.48)

Total

distributions

...................

(0.51)

(0.26)

—

(0.25)

(0.37)

(0.48)

Net

asset

value,

end

of

period

..........

$17.29

$17.71

$17.13

$16.20

$15.37

$22.48

Total

return

c

.......................

0.57%

5.04%

5.74%

7.24%

(30.37)%

26.69%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

1.47%

1.45%

1.44%

1.41%

1.40%

1.38%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.36%

1.36%

1.36%

1.36%

e

1.36%

1.35%

e

Net

investment

(loss)

................

(0.78)%

(0.21)%

(0.27)%

(0.24)%

(0.55)%

(0.58)%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$4,425

$4,667

$4,702

$5,594

$5,940

$8,630

Portfolio

turnover

rate

................

22.68%

25.70%

17.56%

18.23%

17.92%

14.47%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

e

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Franklin

Global

Trust

Financial

Highlights

#### Franklin

#### International

#### Growth

#### Fund
(continued)

ftinstitutional.com

\|

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### January

#### 31,

#### 2026
(unaudited)

#### Year

#### Ended

#### July

#### 31,

#### 2025

#### 2024

#### 2023

#### 2022

#### 2021

#### Class

#### R6

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$18.34

$17.74

$16.68

$15.72

$22.94

$18.44

Income

from

investment

operations

a

:

Net

investment

income

(loss)

b

........

(0.02)

0.06 0.04 0.06 0.01 (0.01)

Net

realized

and

unrealized

gains

(losses)

0.18 0.91 1.02 1.15 (6.76)

5.01 Total

from

investment

operations

........

0.16 0.97 1.06 1.21 (6.75)

5.00 Less

distributions

from:

Net

investment

income

..............

(0.12)

(0.37)

—

—

(0.26)

(0.02)

Net

realized

gains

.................

(0.49)

—

—

(0.25)

(0.21)

(0.48)

Total

distributions

...................

(0.61)

(0.37)

—

(0.25)

(0.47)

(0.50)

Net

asset

value,

end

of

period

..........

$17.89

$18.34

$17.74

$16.68

$15.72

$22.94

Total

return

c

.......................

0.93%

5.68%

6.35%

7.91%

(29.93)%

27.44%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

0.85%

0.83%

0.82%

0.81%

0.80%

0.78%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

0.75%

0.75%

0.75%

0.75%

e

0.75%

0.73%

e

Net

investment

income

(loss)

..........

(0.20)%

0.37%

0.28%

0.39%

0.04%

(0.03)%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$76,538

$154,601

$191,179

$321,629

$346,328

$548,647

Portfolio

turnover

rate

................

22.68%

25.70%

17.56%

18.23%

17.92%

14.47%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

e

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Franklin

Global

Trust

Financial

Highlights

#### Franklin

#### International

#### Growth

#### Fund
(continued)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### January

#### 31,

#### 2026
(unaudited)

#### Year

#### Ended

#### July

#### 31,

#### 2025

#### 2024

#### 2023

#### 2022

#### 2021

#### Advisor

#### Class

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$18.27

$17.66

$16.62

$15.68

$22.89

$18.40

Income

from

investment

operations

a

:

Net

investment

income

(loss)

b

........

(0.03)

0.04 0.02 0.04 (0.01)

(0.04)

Net

realized

and

unrealized

gains

(losses)

0.18 0.91 1.02 1.15 (6.76)

5.01 Total

from

investment

operations

........

0.15 0.95 1.04 1.19 (6.77)

4.97 Less

distributions

from:

Net

investment

income

..............

(0.10)

(0.34)

—

—

(0.23)

(—)

c

Net

realized

gains

.................

(0.49)

—

—

(0.25)

(0.21)

(0.48)

Total

distributions

...................

(0.59)

(0.34)

—

(0.25)

(0.44)

(0.48)

Net

asset

value,

end

of

period

..........

$17.83

$18.27

$17.66

$16.62

$15.68

$22.89

Total

return

d

.......................

0.87%

5.59%

6.26%

7.80%

(30.04)%

27.31%

#### Ratios

#### to

#### average

#### net

#### assets

#### e
Expenses

before

waiver

and

payments

by

affiliates

..........................

0.97%

0.95%

0.94%

0.91%

0.90%

0.88%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

0.86%

0.86%

0.86%

0.86%

f

0.86%

0.86%

f

Net

investment

income

(loss)

..........

(0.29)%

0.26%

0.16%

0.26%

(0.07)%

(0.17)%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$277,600

$325,372

$400,524

$784,288

$975,415

$1,665,974

Portfolio

turnover

rate

................

22.68%

25.70%

17.56%

18.23%

17.92%

14.47%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Amount

rounds

to

less

than

$0.01

per

share.

d

Total

return

is

not

annualized

for

periods

less

than

one

year.

e

Ratios

are

annualized

for

periods

less

than

one

year.

f

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Franklin

Global

Trust

Schedule

of

Investments

(unaudited),

January

31,

2026

#### Franklin

#### International

#### Growth

#### Fund
ftinstitutional.com

\|

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

a

#### Country

#### Shares
a

#### Value
a

a

#### a
a

#### Common

#### Stocks

#### 98.3%

#### Aerospace

#### &

#### Defense

#### 6.1%
Exosens

SAS

......................................

France

219,000

$

14,029,272

MTU

Aero

Engines

AG

...............................

Germany

65,000

28,897,401

42,926,673

#### Air

#### Freight

#### &

#### Logistics

#### 4.0%
DSV

A/S

..........................................

Denmark

100,000

28,118,512

#### Banks

#### 5.8%
DBS

Group

Holdings

Ltd.

.............................

Singapore

418,700

19,462,162

FinecoBank

Banca

Fineco

SpA

.........................

Italy

826,000

21,897,467

41,359,629

#### Biotechnology

#### 5.3%
a

Argenx

SE

,

ADR

....................................

Netherlands

31,300

26,307,650

a

BioNTech

SE

,

ADR

..................................

Germany

101,000

11,488,750

37,796,400

#### Broadline

#### Retail

#### 3.5%
a

MercadoLibre,

Inc.

..................................

Brazil

11,600

24,914,364

#### Building

#### Products

#### 2.6%
Belimo

Holding

AG

..................................

Switzerland

16,680

18,244,208

#### Capital

#### Markets

#### 6.0%
ICG

plc

...........................................

United

Kingdom

963,000

23,962,686

Swissquote

Group

Holding

SA

..........................

Switzerland

32,000

18,217,805

42,180,491

#### Chemicals

#### 2.6%
Sika

AG

..........................................

Switzerland

97,000

18,613,393

#### Electronic

#### Equipment,

#### Instruments

#### &

#### Components

#### 2.0%
Inficon

Holding

AG

..................................

Switzerland

91,500

14,479,924

#### Entertainment

#### 3.5%
CTS

Eventim

AG

&

Co.

KGaA

..........................

Germany

298,500

25,086,273

#### Health

#### Care

#### Equipment

#### &

#### Supplies

#### 7.3%
Alcon

AG

.........................................

United

States

337,000

27,277,573

Cochlear

Ltd.

......................................

Australia

132,000

24,603,920

51,881,493

#### Hotels,

#### Restaurants

#### &

#### Leisure

#### 2.6%
Amadeus

IT

Group

SA

...............................

Spain

279,300

18,726,135

#### Household

#### Durables

#### 2.9%
Sony

Group

Corp.

...................................

Japan

915,000

20,173,837

#### Interactive

#### Media

#### &

#### Services

#### 2.9%
b

Scout24

SE

,

144A

,

Reg

S

.............................

Germany

203,000

20,210,946

#### IT

#### Services

#### 1.8%
a

Shopify,

Inc.

,

A

.....................................

Canada

95,000

12,466,850

#### Life

#### Sciences

#### Tools

#### &

#### Services

#### 3.7%
Lonza

Group

AG

....................................

Switzerland

38,200

25,954,999

#### Machinery

#### 6.1%
Interroll

Holding

AG

..................................

Switzerland

9,020

21,721,288

b

VAT

Group

AG

,

144A

,

Reg

S

...........................

Switzerland

33,400

21,598,662

43,319,950

Franklin

Global

Trust

Schedule

of

Investments

(unaudited)

#### Franklin

#### International

#### Growth

#### Fund
(continued)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

See

Abbreviations

on

.

a

a

#### Country

#### Shares
a

#### Value
a

a

#### a
a

#### Common

#### Stocks
(continued)

#### Oil,

#### Gas

#### &

#### Consumable

#### Fuels

#### 2.5%
Secure

Waste

Infrastructure

Corp.

.......................

Canada

1,344,000

$

17,342,254

#### Pharmaceuticals

#### 3.8%
AstraZeneca

plc

....................................

United

Kingdom

143,000

26,642,915

#### Professional

#### Services

#### 2.3%
Experian

plc

.......................................

United

States

433,000

16,399,762

#### Semiconductors

#### &

#### Semiconductor

#### Equipment

#### 8.6%
ASML

Holding

NV

...................................

Netherlands

13,500

19,357,731

Disco

Corp.

........................................

Japan

41,300

17,604,150

a

Nova

Ltd.

.........................................

Israel

52,100

23,853,464

60,815,345

#### Software

#### 7.1%
a

CyberArk

Software

Ltd.

...............................

United

States

34,000

14,648,220

a

Kinaxis,

Inc.

.......................................

Canada

179,000

18,075,497

SAP

SE

..........................................

Germany

89,000

17,779,391

50,503,108

#### Specialty

#### Retail

#### 2.7%
Fast

Retailing

Co.

Ltd.

................................

Japan

51,000

19,458,180

#### Trading

#### Companies

#### &

#### Distributors

#### 2.6%
RS

Group

plc

......................................

United

Kingdom

2,010,000

18,456,943

#### Total

#### Common

#### Stocks

#### (Cost

#### $

#### 495,156,872

####)
...................................

#### 696,072,584

#### Short

#### Term

#### Investments

#### 1.9%
a

a

#### Country

#### Shares
a

#### Value
a

a

#### a
a

#### Money

#### Market

#### Funds

#### 1.9%
c,d

Franklin

Institutional

U.S.

Government

Money

Market

Fund

,

3.603 %

.........................................

United

States

13,625,079

13,625,079

#### Total

#### Money

#### Market

#### Funds

#### (Cost

#### $

#### 13,625,079

####)
................................

#### 13,625,079

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $

#### 13,625,079

####)
..............................

#### 13,625,079

#### a

#### Total

#### Investments

#### (Cost

#### $

#### 508,781,951

####)
100.2 #### %
................................

#### $709,697,663

#### Other

#### Assets,

#### less

#### Liabilities

#### (0.2 ####)

#### %
.........................................

#### (1,596,605)

#### Net

#### Assets

#### 100.0%

#### .........................................................

#### $708,101,058

#### a
a

Non-income

producing.

b

Security

was

purchased

pursuant

to

Rule

144A

or

Regulation

S

under

the

Securities

Act

of

1933. 144A

securities

may

be

sold

in

transactions

exempt

from

registration

only

to

qualified

institutional

buyers

or

in

a

public

offering

registered

under

the

Securities

Act

of

1933. Regulation

S

securities

cannot

be

sold

in

the

United

States

without

either

an

effective

registration

statement

filed

pursuant

to

the

Securities

Act

of

1933,

or

pursuant

to

an

exemption

from

registration.

At

January

31,

2026,

the

aggregate

value

of

these

securities

was

$41,809,608,

representing

5.9%

of

net

assets.

c

See

Note

3(f)

regarding

investments

in

affiliated

management

investment

companies.

d

The

rate

shown

is

the

annualized

seven-day

effective

yield

at

period

end.

Franklin

Global

Trust

Financial

Statements

Statements

of

Assets

and

Liabilities

January

31,

2026

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### a

#### Franklin

#### International

#### Growth

#### Fund
Assets:

Investments

in

securities:

Cost

-

Unaffiliated

issuers

..................................................

$157,373,047

$495,156,872

Cost

-

Non-controlled

affiliates

(Note

f)

.......................................

5,632,555

13,625,079

Value

-

Unaffiliated

issuers

.................................................

$130,675,639

$696,072,584

Value

-

Non-controlled

affiliates

(Note

f)

.......................................

5,632,555

13,625,079

Cash

...................................................................

3,678

—

Foreign

currency,

at

value

(cost

$136,424

and

$1,094,

respectively)

....................

136,495

923

Receivables:

Investment

securities

sold

..................................................

—

19,749,492

Capital

shares

sold

.......................................................

498,161

242,687

Dividends

and

interest

....................................................

3,522,024

1,762,746

Deposits

with

brokers

for:

OTC

derivative

contracts

.................................................

260,000

—

Unrealized

appreciation

on

OTC

forward

exchange

contracts

.........................

15,717

—

Total

assets

.........................................................

140,744,269

731,453,511

Liabilities:

Payables:

Investment

securities

purchased

.............................................

2,145,665

—

Capital

shares

redeemed

..................................................

237,289

22,305,209

Management

fees

........................................................

107,699

404,028

Distribution

fees

.........................................................

—

87,519

Transfer

agent

fees

.......................................................

—

338,486

Trustees'

fees

and

expenses

................................................

3,112

Unrealized

depreciation

on

OTC

forward

exchange

contracts

.........................

214,740

—

Deferred

taxes

on

unrealized

appreciation

.......................................

4,105

—

Accrued

expenses

and

other

liabilities

..........................................

76,173

214,099

Total

liabilities

........................................................

2,785,741

23,352,453

Net

assets,

at

value

................................................

$137,958,528

$708,101,058

Net

assets

consist

of:

Paid-in

capital

............................................................

$243,035,843

$484,995,487

Total

distributable

earnings

(losses)

............................................

(105,077,315)

223,105,571

Net

assets,

at

value

................................................

$137,958,528

$708,101,058

Shares

outstanding

........................................................

10,762,604

Net

asset

value

per

share

b

...................................................

$12.82

a

Consolidated

financial

statement.

See

Note

1(f).

b

Net

asset

value

per

share

may

not

recalculate

due

to

rounding.

Franklin

Global

Trust

Financial

Statements

Statements

of

Assets

and

Liabilities

(continued)

January

31,

2026

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

#### Franklin

#### International

#### Growth

#### Fund

#### Class

#### A:
Net

assets,

at

value

.......................................................................

$334,059,692

Shares

outstanding

........................................................................

18,931,225

Net

asset

value

per

share

a,b

..................................................................

$17.65

Maximum

offering

price

per

share

(net

asset

value

per

share

÷

94.50%)

b

................................

$18.68

#### Class

#### C:
Net

assets,

at

value

.......................................................................

$15,479,425

Shares

outstanding

........................................................................

947,767

Net

asset

value

and

maximum

offering

price

per

share

a,b

............................................

$16.33

#### Class

#### R:
Net

assets,

at

value

.......................................................................

$4,424,580

Shares

outstanding

........................................................................

255,850

Net

asset

value

and

maximum

offering

price

per

share

b

.............................................

$17.29

#### Class

#### R6:
Net

assets,

at

value

.......................................................................

$76,537,513

Shares

outstanding

........................................................................

4,278,434

Net

asset

value

and

maximum

offering

price

per

share

b

.............................................

$17.89

#### Advisor

#### Class:
Net

assets,

at

value

.......................................................................

$277,599,848

Shares

outstanding

........................................................................

15,571,695

Net

asset

value

and

maximum

offering

price

per

share

b

.............................................

$17.83

a

Redemption

price

is

equal

to

net

asset

value

less

contingent

deferred

sales

charges,

if

applicable.

b

Net

asset

value

per

share

may

not

recalculate

due

to

rounding.

Franklin

Global

Trust

Financial

Statements

Statements

of

Operations

for

the

period

ended

January

31,

2026

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### a

#### Franklin

#### International

#### Growth

#### Fund
Investment

income:

Dividends:

(net

of

foreign

taxes

of

$–

and

$79,997,

respectively)

Unaffiliated

issuers

.......................................................

$—

$2,006,463

Non-controlled

affiliates

(Note

f)

............................................

118,524

260,513

Interest:

(net

of

foreign

taxes

of

$2,717

and

$—,

respectively)

Unaffiliated

issuers

.......................................................

6,297,194

—

Income

from

securities

loaned:

Unaffiliated

entities

(net

of

fees

and

rebates)

....................................

—

(3,142)

Non-controlled

affiliates

(Note

f)

............................................

—

3,827

Total

investment

income

..................................................

6,415,718

2,267,661

Expenses:

Management

fees

(Note

a)

..................................................

546,728

2,998,781

Distribution

fees:

(Note

3c)

&nbsp;&nbsp;&nbsp;&nbsp;Class

A

...............................................................

—

435,766

&nbsp;&nbsp;&nbsp;&nbsp;Class

C

...............................................................

—

83,002

&nbsp;&nbsp;&nbsp;&nbsp;Class

R

...............................................................

—

10,997

Transfer

agent

fees:

(Note

3e)

&nbsp;&nbsp;&nbsp;&nbsp;Class

A

...............................................................

—

289,770

&nbsp;&nbsp;&nbsp;&nbsp;Class

C

...............................................................

—

13,790

&nbsp;&nbsp;&nbsp;&nbsp;Class

R

...............................................................

—

3,663

&nbsp;&nbsp;&nbsp;&nbsp;Class

R6

..............................................................

—

34,626

&nbsp;&nbsp;&nbsp;&nbsp;Advisor

Class

...........................................................

—

245,622

Transfer

agent

fees:

(Note

3e)

................................................

13,263

—

Custodian

fees

...........................................................

1,986

21,035

Reports

to

shareholders

fees

.................................................

4,736

60,715

Registration

and

filing

fees

...................................................

11,516

36,641

Professional

fees

..........................................................

67,847

44,035

Trustees'

fees

and

expenses

.................................................

732

4,452

Other

...................................................................

7,928

24,088

Total

expenses

........................................................

654,736

4,306,983

Expenses

waived/paid

by

affiliates

(Note

f

and

g)

.............................

(11,575)

(423,001)

Net

expenses

........................................................

643,161

3,883,982

Net

investment

income

(loss)

...........................................

5,772,557

(1,616,321)

Realized

and

unrealized

gains

(losses):

Net

realized

gain

(loss)

from:

Investments:

(net

of

foreign

taxes

of

$76

and

$–,

respectively)

Unaffiliated

issuers

.....................................................

2,043,114

44,620,914

Foreign

currency

transactions

...............................................

26,673

(198,763)

Forward

exchange

contracts

................................................

37,125

—

Net

realized

gain

(loss)

.................................................

2,106,912

44,422,151

Net

change

in

unrealized

appreciation

(depreciation)

on:

Investments:

Unaffiliated

issuers

.....................................................

5,346,131

(38,152,426)

Translation

of

other

assets

and

liabilities

denominated

in

foreign

currencies

.............

29,792

74,955

Forward

exchange

contracts

................................................

(393,702)

—

Change

in

deferred

taxes

on

unrealized

appreciation

..............................

(2,511)

—

Net

change

in

unrealized

appreciation

(depreciation)

...........................

4,979,710

(38,077,471)

Net

realized

and

unrealized

gain

(loss)

...........................................

7,086,622

6,344,680

Net

increase

(decrease)

in

net

assets

resulting

from

operations

.........................

$12,859,179

$4,728,359

a

Consolidated

financial

statement.

See

Note

1(f).

Franklin

Global

Trust

Financial

Statements

Statements

of

Changes

in

Net

Assets

ftinstitutional.com

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franklintempleton.com

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Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### a

#### Franklin

#### International

#### Growth

#### Fund

#### Six

#### Months

#### Ended

#### January

#### 31,

#### 2026
(unaudited)

#### Year

#### Ended

#### July

#### 31,

#### 2025

#### Six

#### Months

#### Ended

#### January

#### 31,

#### 2026
(unaudited)

#### Year

#### Ended

#### July

#### 31,

#### 2025
Increase

(decrease)

in

net

assets:

Operations:

Net

investment

income

(loss)

.......

$5,772,557

$7,158,131

$(1,616,321)

$1,441,169

Net

realized

gain

(loss)

............

2,106,912

(761,840)

44,422,151

50,239,226

Net

change

in

unrealized

appreciation

(depreciation)

.................

4,979,710

3,039,943

(38,077,471)

(10,269,289)

Net

increase

(decrease)

in

net

assets

resulting

from

operations

.

12,859,179

9,436,234

4,728,359

41,411,106

Distributions

to

shareholders:

Class

A

........................

—

—

(10,257,661)

(6,440,770)

Class

C

........................

—

—

(465,557)

(181,399)

Class

R

........................

—

—

(128,710)

(63,195)

Class

R6

.......................

—

—

(3,432,943)

(3,470,484)

Advisor

Class

...................

—

—

(9,096,618)

(6,982,478)

Distributions

to

shareholders

........

(8,861,130)

(3,296,796)

—

—

Total

distributions

to

shareholders

.....

(8,861,130)

(3,296,796)

(23,381,489)

(17,138,326)

Capital

share

transactions:

(Note

2)

Class

A

........................

—

—

(15,694,260)

(50,621,890)

Class

C

........................

—

—

(1,477,057)

(5,305,016)

Class

R

........................

—

—

(141,804)

(187,610)

Class

R6

.......................

—

—

(74,092,375)

(40,862,889)

Advisor

Class

...................

—

—

(41,441,068)

(83,720,644)

Capital

share

transactions:

(Note

2)

...

27,423,744

32,079,473

—

—

Total

capital

share

transactions

.......

27,423,744

32,079,473

(132,846,564)

(180,698,049)

Net

increase

(decrease)

in

net

assets

.....................

31,421,793

38,218,911

(151,499,694)

(156,425,269)

Net

assets:

Beginning

of

period

................

106,536,735

68,317,824

859,600,752

1,016,026,021

End

of

period

.....................

$137,958,528

$106,536,735

$708,101,058

$859,600,752

a

Consolidated

financial

statement.

See

Note

1(f).

Franklin

Global

Trust

ftinstitutional.com

\|

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Semiannual

Report

Notes

to

Financial

Statements

(unaudited)

1. #### Organization

#### and

#### Significant

#### Accounting

#### Policies
Franklin

Global

Trust

(Trust)

is

registered

under

the

Investment

Company

Act

of

1940

(1940

Act)

as

an

open-

end

management

investment

company,

consisting

of two

separate

funds

(Funds).

The Funds

follow

the

accounting

and

reporting

guidance

in

Financial

Accounting

Standards

Board

(FASB)

Accounting

Standards

Codification

Topic

946,

Financial

Services

–

Investment

Companies

(ASC

946)

and apply

the

specialized

accounting

and

reporting

guidance

in

U.S.

Generally

Accepted

Accounting

Principles

(U.S.

GAAP),

including,

but

not

limited

to,

ASC

946. Franklin

International

Growth

Fund offers

five

classes

of

shares:

Class

A,

Class

C,

Class

R,

Class

R6

and

Advisor

Class.

Class

C

shares

automatically

convert

to

Class

A

shares

on

a

monthly

basis,

after

they

have

been

held

for

years. Each

class

of

shares

may

differ

by

its

initial

sales

load,

contingent

deferred

sales

charges,

voting

rights

on

matters

affecting

a

single

class,

its

exchange

privilege

and

fees

due

to

differing

arrangements

for

distribution

and

transfer

agent

fees.

The

following

summarizes

the Funds'

significant

accounting

policies

.

a. #### Financial

#### Instrument

#### Valuation
The Funds'

investments

in

financial

instruments

are

carried

at

fair

value

daily.

Fair

value

is

the

price

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

on

the

measurement

date.

The Funds calculate the

net

asset

value

(NAV)

per

share

each

business

day

as

of

p.m.

Eastern

time

or

the

regularly

scheduled

close

of

the

New

York

Stock

Exchange

(NYSE),

whichever

is

earlier. Under

compliance

policies

and

procedures

approved

by

the

Trust's

Board

of

Trustees

(the

Board),

the

Board

has

designated

the

Funds'

investment

manager

as

the

valuation

designee

and

has

responsibility

for

oversight

of

valuation.

The

investment

manager

is

assisted

by

the

Funds'

administrator

in

performing

this

responsibility,

including

leading

the

cross-

functional

Valuation

Committee

(VC).

The

Funds

may

utilize

independent

pricing

services,

quotations

from

securities

and

financial

instrument

dealers,

and

other

market

sources

to

determine

fair

value.

Equity

securities

listed

on

an

exchange

or

on

the

NASDAQ

National

Market

System

are

valued

at

the

last

quoted

sale

price

or

the

official

closing

price of

the

day,

respectively.

Foreign

equity

securities

are

valued

as

of

the

close

of

trading

on

the

foreign

stock

exchange

on

which

the

security

is

primarily

traded,

or

as

of

p.m.

Eastern

time.

The

value

is

then

converted

into

its

U.S.

dollar

equivalent

at

the

foreign

exchange

rate

in

effect

at

p.m.

Eastern

time

on

the

day

that

the

value

of

the

security

is

determined.

Over-the-counter

(OTC)

securities

are

valued

within

the

range

of

the

most

recent

quoted

bid

and

ask

prices.

Securities

that

trade

in

multiple

markets

or

on

multiple

exchanges

are

valued

according

to

the

broadest

and

most

representative

market.

Certain

equity

securities

are

valued

based

upon

fundamental

characteristics

or

relationships

to

similar

securities.

Debt

securities

generally

trade

in

the

OTC

market rather

than

on

a

securities

exchange.

The

Funds'

pricing

services

use

multiple

valuation

techniques

to

determine

fair

value.

In

instances

where

sufficient

market

activity

exists,

the

pricing

services

may

utilize

a

market-based

approach

through

which

quotes

from

market

makers

are

used

to

determine

fair

value.

In

instances

where

sufficient

market

activity

may

not

exist

or

is

limited,

the

pricing

services

also

utilize

proprietary

valuation

models

which

may

consider

market

characteristics

such

as

benchmark

yield

curves,

credit

spreads,

estimated

default

rates,

anticipated

market

interest

rate

volatility,

coupon

rates,

anticipated

timing

of

principal

repayments,

underlying

collateral,

and

other

unique

security

features

in

order

to

estimate

the

relevant

cash

flows,

which

are

then

discounted

to

calculate

the

fair

value.

Securities

denominated

in

a

foreign

currency

are

converted

into

their

U.S.

dollar

equivalent

at

the

foreign

exchange

rate

in

effect

at

p.m.

Eastern

time

on

the

date

that

the

values

of

the

foreign

debt

securities

are

determined.

Investments

in open-end mutual

funds

are

valued

at

the

closing

NAV.

Certain

derivative

financial

instruments

trade

in

the

OTC

market.

The

Funds'

pricing

services

use

various

techniques

including

industry

standard

option

pricing

models

and

proprietary

discounted

cash

flow

models

to

determine

the

fair

value

of

those

instruments.

The

Funds'

net

benefit

or

obligation

under

the

derivative

contract,

as

measured

by

the

fair

value

of

the

contract,

is

included

in

net

assets.

The

Funds

have

procedures

to

determine

the

fair

value

of

financial

instruments

for

which

market

prices

are

not

reliable

or

readily

available.

Under

these

procedures,

the

Funds

primarily

employ

a

market-based

approach

which

may

use

related

or

comparable

assets

or

liabilities,

recent

transactions,

market

multiples,

and

other

relevant

information

for

the

investment

to

determine

the

fair

value

of

the

investment.

An

income-based

valuation

approach

may

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

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also

be

used

in

which

the

anticipated

future

cash

flows

of

the

investment

are

discounted

to

calculate

fair

value.

Discounts

may

also

be

applied

due

to

the

nature

or

duration

of

any

restrictions

on

the

disposition

of

the

investments.

Due

to

the

inherent

uncertainty

of

valuations

of

such

investments,

the

fair

values

may

differ

significantly

from

the

values

that

would

have

been

used

had

an

active

market

existed.

Trading

in

securities

on

foreign

securities

stock

exchanges

and

OTC

markets

may

be

completed

before

p.m.

Eastern

time.

In

addition,

trading

in

certain

foreign

markets

may

not

take

place

on

every

Funds'

business

day.

Events

can occur

between

the

time

at

which

trading

in

a

foreign

security

is

completed

and

p.m.

Eastern

time

that

might

call

into

question

the

reliability

of

the

value

of

a

portfolio

security

held

by

the

Fund.

As

a

result,

differences

may

arise

between

the

value

of

the

Funds'

portfolio

securities

as

determined

at

the

foreign

market

close

and

the

latest

indications

of

value

at

p.m.

Eastern

time.

In

order

to

minimize

the

potential

for

these

differences,

an

independent

pricing

service

may

be

used

to

adjust

the

value

of

the

Funds'

portfolio

securities

to

the

latest

indications

of

fair

value

at

p.m.

Eastern

time.

At

January

31,

2026,

certain

securities

may

have

been

fair

valued

using

these

procedures,

in

which

case

the

securities

were

categorized

as

Level

within

the

fair

value

hierarchy

(referred

to

as

"market

level

fair

value").

See

the

Fair

Value

Measurements

note

for

more

information.

When

the

last

day

of

the

reporting

period

is

a

non-business

day,

certain

foreign

markets

may

be

open

on

those

days

that

the

Funds'

NAV

is

not

calculated,

which

could

result

in

differences

between

the

value

of

the

Funds'

portfolio

securities

on

the

last

business

day

and

the

last

calendar

day

of

the

reporting

period.

Any

security

valuation

changes

due

to

an

open

foreign

market

are

adjusted

and

reflected

by

the

Funds

for

financial

reporting

purposes.

b. #### Foreign

#### Currency

#### Translation
Portfolio

securities

and

other

assets

and

liabilities

denominated

in

foreign

currencies

are

translated

into

U.S.

dollars

based

on

the

exchange

rate

of

such

currencies

against

U.S.

dollars

on

the

date

of

valuation.

The

Funds

may

enter

into

foreign

currency

exchange

contracts

to

facilitate

transactions

denominated

in

a

foreign

currency.

Purchases

and

sales

of

securities,

income

and

expense

items

denominated

in

foreign

currencies

are

translated

into

U.S.

dollars

at

the

exchange

rate

in

effect

on

the

transaction

date.

Portfolio

securities

and

assets

and

liabilities

denominated

in

foreign

currencies

contain

risks

that

those

currencies

will

decline

in

value

relative

to

the

U.S.

dollar.

Occasionally,

events

may

impact

the

availability

or

reliability

of

foreign

exchange

rates

used

to

convert

the

U.S.

dollar

equivalent

value.

If

such

an

event

occurs,

the

foreign

exchange

rate

will

be

valued

at

fair

value

using

procedures

established

and

approved

by

the

Board.

The

Funds

do

not

separately

report

the

effect

of

changes

in

foreign

exchange

rates

from

changes

in

market

prices

on

securities

held.

Such

changes

are

included

in

net

realized

and

unrealized

gain

or

loss

from

investments

in

the

Statements

of

Operations.

Realized

foreign

exchange

gains

or

losses

arise

from

sales

of

foreign

currencies,

currency

gains

or

losses

realized

between

the

trade

and

settlement

dates

on

securities

transactions

and

the

difference

between

the

recorded

amounts

of

dividends,

interest,

and

foreign

withholding

taxes

and

the

U.S.

dollar

equivalent

of

the

amounts

actually

received

or

paid.

Net

unrealized

foreign

exchange

gains

and

losses

arise

from

changes

in

foreign

exchange

rates

on

foreign

denominated

assets

and

liabilities

other

than

investments

in

securities

held

at

the

end

of

the

reporting

period.

c. #### Securities

#### Purchased

#### on

#### a

#### When-Issued,

#### Forward Commitment or

#### Delayed

#### Delivery

#### Basis

#### and

#### TBA

#### Basis
Certain

or

all

Funds

may

purchase

securities

on

a

when-

issued,

forward

commitment

or

delayed

delivery

basis,

with

payment

and

delivery

scheduled

for

a

future

date.

These

transactions

are

subject

to

market

fluctuations

and

are

subject

to

the

risk

that

the

value

at

delivery

may

be

more

or

less

than

the

trade

date

purchase

price.

Although

the

Funds

will

generally

purchase

these

securities

with

the

intention

of

holding

the

securities, they

may

sell

the

securities

before

the

settlement

date.

d. #### Derivative

#### Financial

#### Instruments
Certain

or

all

Funds

invested

in

derivative

financial

instruments

in

order

to

manage

risk

or

gain

exposure

to

various

other

investments

or

markets.

Derivatives

are

financial

contracts

based

on

an

underlying

or

notional

amount,

require

no

initial

investment

or

an

initial

net

1. #### Organization

#### and

#### Significant

#### Accounting

#### Policies
(continued)

a. #### Financial

#### Instrument

#### Valuation
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

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Report

investment

that

is

smaller

than

would

normally

be

required

to

have

a

similar

response

to

changes

in

market

factors,

and

require

or

permit

net

settlement.

Derivatives

contain

various

risks

including

the

potential

inability

of

the

counterparty

to

fulfill

their

obligations

under

the

terms

of

the

contract,

the

potential

for

an

illiquid

secondary

market,

and/or

the

potential

for

market

movements

which

expose

the

Fund

to

gains

or

losses

in

excess

of

the

amounts

shown

in

the

Statements

of

Assets

and

Liabilities.

Realized

gain

and

loss

and

unrealized

appreciation

and

depreciation

on

these

contracts

for

the

period

are

included

in

the

Statements

of

Operations.

Derivative

counterparty

credit

risk

is

managed

through

a

formal

evaluation

of

the

creditworthiness

of

all

potential

counterparties.

Certain

or

all

Funds

attempt

to

reduce

their

exposure

to

counterparty

credit

risk

on

OTC

derivatives,

whenever

possible,

by

entering

into

International

Swaps

and

Derivatives

Association

(ISDA)

master

agreements

with

certain

counterparties.

These

agreements

contain

various

provisions,

including

but

not

limited

to

collateral

requirements,

events

of

default,

or

early

termination.

Termination

events

applicable

to

the

counterparty

include

certain

deteriorations

in

the

credit

quality

of

the

counterparty.

Termination

events

applicable

to

the

Funds

include

failure

of

the

Funds

to

maintain

certain

net

asset

levels

and/

or

limit

the

decline

in

net

assets

over

various

periods

of

time.

In

the

event

of

default

or

early

termination,

the

ISDA

master

agreement

gives

the

non-defaulting

party

the

right

to

net

and

close-out

all

transactions

traded,

whether

or

not

arising

under

the

ISDA

agreement,

to

one

net

amount

payable

by

one

counterparty

to

the

other.

However,

absent

an

event

of

default

or

early

termination,

OTC

derivative

assets

and

liabilities

are

presented

gross

and

not

offset

in

the

Statements

of

Assets

and

Liabilities.

Early

termination

by

the

counterparty

may

result

in

an

immediate

payment

by

the

Funds

of

any

net

liability

owed

to

that

counterparty

under

the

ISDA

agreement.

At

January

31,

2026,

the

Fund

had

OTC

derivatives

in

a

net

liability

position

of

$199,023

and

the

aggregate

value

of

collateral

pledged

for

such

contracts

was

$260,000.

Collateral

requirements

differ

by

type

of

derivative.

Collateral

terms

are

contract

specific

for

OTC

derivatives.

For

OTC

derivatives

traded

under

an

ISDA

master

agreement,

posting

of

collateral

is

required

by

either

the

Fund

or

the

applicable

counterparty

if

the

total

net

exposure

of

all

OTC

derivatives

with

the

applicable

counterparty

exceeds

the

minimum

transfer

amount,

which

typically

ranges

from

$100,000

to

$250,000,

and

can

vary

depending

on

the

counterparty

and

the

type

of agreement.

Generally,

collateral

is

determined

at

the

close

of

Fund

business

each

day

and

any

additional

collateral

required

due

to

changes

in

derivative

values

may

be

delivered

by

the

Fund

or

the

counterparty

the

next

business

day,

or

within

a

few

business

days.

Collateral

pledged

and/or

received

by

the

Fund,

if

any,

is

held

in

segregated

accounts

with

the

Fund's

custodian/counterparty

broker

and

can

be

in

the

form

of

cash

and/or

securities.

Unrestricted

cash

may

be

invested

according

to

the

Funds'

investment

objectives.

To

the

extent

that

the

amounts

due

to

the

Fund

from

its

counterparties

are

not

subject

to

collateralization

or

are

not

fully

collateralized,

the

Fund

bears

the

risk

of

loss

from

counterparty

non-performance.

Certain

or

all

Funds

entered

into

OTC

forward

exchange

contracts

primarily

to

manage

and/or

gain

exposure

to

certain

foreign

currencies.

A

forward

exchange

contract

is

an

agreement

between

the

Fund

and

a

counterparty

to

buy

or

sell

a

foreign

currency at

a

specific

exchange

rate

on

a

future

date. Forward

exchange

contracts

outstanding

at

period

end,

if

any,

are

listed

in

the

Funds'

Schedules

of

Investments.

Certain

or

all

Funds

invest

in

value

recovery

instruments

(VRI)

primarily

to

gain

exposure

to

economic

growth.

Periodic

payments

from

VRI

are

dependent

on

established

benchmarks

for

underlying

variables.

VRI

has

a

notional

amount,

which

is

used

to

calculate

amounts

of

payments

to

holders.

Payments

are

recorded

upon

receipt

as

realized

gains

in

the

Statements

of

Operations.

The

risks

of

investing

in

VRI

include

growth

risk,

liquidity,

and

the

potential

loss

of

investment.

VRI

outstanding

at

period

end,

if

any,

are

listed

in

the

Funds'

Schedules

of

Investments.

e. #### Securities

#### Lending
Certain

or

all

Funds

participate

in

an

agency

based

securities

lending

program

to

earn

additional

income.

The

Fund

receives

collateral

in

the

form

of

cash

and/or

U.S.

Government

and

Agency

securities

against

the

loaned

securities

in

an

amount

equal

to

at

least

102%

of

the

fair

value

of

the

loaned

securities.

Collateral

is

maintained

over

the

life

of

the

loan

in

an

amount

not

less

than

100%

of

the

fair

value

of

loaned

securities,

as

determined

at

the

close

of

Fund

business

each

day;

any

additional

collateral

required

due

to

changes

in

security

values

is

delivered

to

the

Fund

on

the

next

business

day.

Any

cash

collateral

received

is

1. #### Organization

#### and

#### Significant

#### Accounting

#### Policies
(continued)

d. #### Derivative

#### Financial

#### Instruments
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

deposited

into

a

joint

cash

account

with

other

funds

and

is

used

to

invest

in

a

money

market

fund

managed

by

Franklin

Advisers,

Inc.,

an

affiliate

of

the

Funds. The

Fund

may

receive

income

from

the

investment

of

cash

collateral,

in

addition

to

lending

fees

paid

by

the

borrower.

Income

from

securities

loaned,

net

of

fees

paid

to

the

securities

lending

agent

and/or

third-party

vendor,

is

reported

separately

in

the Statements of

Operations.

The

Fund

bears

the

market

risk

with

respect

to

any

cash

collateral

investment,

securities

loaned,

and

the

risk

that

the

agent

may

default

on

its

obligations

to

the

Fund.

If

the

borrower

defaults

on

its

obligation

to

return

the

securities

loaned,

the

Fund

has

the

right

to

repurchase

the

securities

in

the

open

market

using

the

collateral

received.

The

securities

lending

agent

has

agreed

to

indemnify

the

Fund

in

the

event

of

default

by

a

third

party

borrower.

Securities

on

loan

outstanding

at

period

end,

if

any,

are

listed

in

the

Funds'

Schedules

of

Investments.

f. #### Loan

#### Participation

#### Notes
Certain

or

all

Funds may

invest

in

debt

instruments

which

are

interests

in

amounts

owed

to

lenders

or

lending

syndicates

by

corporate,

governmental,

or

other

borrowers.

The

Funds

investments

in

loans

may

be

in

the

form

of

participations

in

loans

or

assignments

of

all

or

portion

of

loans

from

third

parties.

A

loan

is

often

administered

by

a

bank

or

other

financial

institution

(the

Lender)

that

acts

as

agent

for

all

holders.

The

agent

administers

the

terms

of

the

loan,

as

specified

in

the

loan

agreement.

The

Funds

may

invest

in

multiple

series

or

tranches

of

a

loan,

which

may

have

varying

terms

and

carry

different

associated

risks.

When

investing

in

a

loan

participation, the

Funds

have

the

right

to

receive

payments

of

principal,

interest

and

any

fees

only

from

the

lender

selling

the

loan

and

only

upon

receipt

of

payments

from

the

borrower.

The

Funds

generally

have

no

right

to

enforce

compliance

with

the

terms

of

the

loan

agreement

with

the

borrower.

As

a

result,

the

Funds

may

be

subject

to

credit

risk

of

both

the

borrower

and

the

lender

that

is

selling

the

loan.

When

the

Funds

purchase

assignments

from

lenders they

acquire

direct

rights

against

the

borrower

of

the

loan.

g. #### Investments

#### in

#### Alternative

#### Strategies
(FT)

#### Ltd.

#### (FT

#### Subsidiary)
Franklin

Emerging

Market

Debt

Opportunities

Fund

invests

in

certain

financial

instruments,

warrants

or

commodities

through

its

investments

in

FT

Subsidiary.

FT

Subsidiary

is

a

Cayman

Islands

exempted

company

with

limited

liability,

is

a

wholly-owned

subsidiary

of

the

Fund,

and

is

able

to

invest

in

certain

financial

instruments

consistent

with

the

investment

objective

of

the

Fund.

At

January

31,

2026,

FT

Subsidiary's

investments,

as

well

as

any

other

assets

and

liabilities

of

FT

Subsidiary

are

reflected

in

the

Fund's

Consolidated

Schedule

of

Investments

and

Consolidated

Statement

of

Assets

and

Liabilities.

All

intercompany

transactions

and

balances

have

been

eliminated.

At

January

31,

2026,

the

net

assets

of

FT

Subsidiary

were

$1,444,129,

representing 1.05% of

the

Fund's

consolidated

net

assets.

The

Fund's

investment

in

FT

Subsidiary

is

limited

to

25%

of

consolidated

assets.

h. #### Income

#### and

#### Deferred

#### Taxes
It

is each

Fund's

policy

to

qualify

as

a

regulated

investment

company

under

the

Internal

Revenue

Code. Each

Fund

intends

to

distribute

to

shareholders

substantially

all

of

its

taxable

income

and

net

realized

gains

to

relieve

it

from

federal

income

and excise

taxes.

As

a

result,

no

provision

for

U.S.

federal

income

taxes

is

required.

The

Funds

may

be

subject

to

foreign

taxation

related

to

income

received,

capital

gains

on

the

sale

of

securities

and

certain

foreign

currency

transactions

in

the

foreign

jurisdictions

in

which

the

Funds

invest.

Foreign

taxes,

if

any,

are

recorded

based

on

the

tax

regulations

and

rates

that

exist

in

the

foreign

markets

in

which

the

Funds

invest.

When

a

capital

gain

tax

is

determined

to

apply,

certain

or

all

Funds

record

an

estimated

deferred

tax

liability

in

an

amount

that

would

be

payable

if

the

securities

were

disposed

of

on

the

valuation

date.

Each

Fund

may

recognize

an

income

tax

liability

related

to

its

uncertain

tax

positions

under

U.S.

GAAP

when

the

uncertain

tax

position

has

a

less

than

50%

probability

that

it

will

be

sustained

upon

examination

by

the

tax

authorities

based

on

its

technical

merits.

As

of

January

31,

2026, each

Fund

has

determined

that

no

tax

liability

is

required

in

its

financial

statements

related

to

uncertain

tax

positions

for

any

open

tax

years

(or

expected

to

be

taken

in

future

tax

years).

The

Funds'

federal

and

state

income

and

federal

1. #### Organization

#### and

#### Significant

#### Accounting

#### Policies
(continued)

e. #### Securities

#### Lending
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

excise

tax

returns

for

the

prior

three

fiscal

years

are

subject

to

examination

by

the

Internal

Revenue

Service

and

state

departments

of

revenue.

i. #### Security

#### Transactions,

#### Investment

#### Income,

#### Expenses

#### and

#### Distributions
Security

transactions

are

accounted

for

on

trade

date.

Realized

gains

and

losses

on

security

transactions

are

determined

on

a

specific

identification basis.

Interest

income

(including

interest

income

from

payment-in-kind

securities,

if

any)

and

estimated

expenses

are

accrued

daily.

Amortization

of

premium

and

accretion

of

discount

on

debt

securities

are

included

in

interest

income.

Dividend

income

is recorded

on

the

ex-dividend

date

except

for

certain

dividends

from

securities

where

the

dividend

rate

is

not available.

In

such

cases,

the

dividend

is

recorded

as

soon

as

the

information

is

received

by

the Fund.

Distributions

to

shareholders

are

recorded

on

the

ex-dividend

date.

Distributions

from

realized

capital

gains

and

other

distributions,

if

any,

are

recorded

on

the

ex-dividend

date.

Distributable

earnings are

determined

according

to

income

tax

regulations

(tax

basis)

and

may

differ

from

earnings recorded

in

accordance

with

U.S.

GAAP.

These

differences

may

be

permanent

or

temporary.

Permanent differences

are

reclassified

among

capital

accounts

to

reflect

their

tax

character.

These reclassifications

have

no

impact

on

net

assets

or

the

results

of

operations.

Temporary

differences are

not

reclassified,

as

they

may

reverse

in

subsequent

periods.

Common

expenses

incurred

by

the

Trust

are

allocated

among

the

Funds

based

on

the

ratio

of

net

assets

of

each

Fund

to

the

combined

net

assets

of

the

Trust

or

based

on

the

ratio

of

number

of

shareholders

of

each

Fund

to

the

combined

number

of

shareholders

of

the

Trust.

Fund

specific

expenses

are

charged

directly

to

the

Fund

that

incurred

the

expense.

Realized

and

unrealized

gains

and

losses

and

net

investment

income,

excluding

class

specific

expenses,

are

allocated

daily

to

each

class

of

shares

based

upon

the

relative

proportion

of

net

assets

of

each

class.

Differences

in

per

share

distributions

by

class

are

generally

due

to

differences

in

class

specific

expenses.

Inflation-indexed

bonds

are

adjusted

for

inflation

through

periodic

increases

or

decreases

in

the

security's

interest

accruals,

face

amount,

or

principal

redemption

value,

by

amounts

corresponding

to

the

rate

of

inflation

as

measured

by

an

index.

Any

increase

or

decrease

in

the

face

amount

or

principal

redemption

value

will

be

included

as

interest

income in

the

Statements of

Operations.

j. #### Accounting

#### Estimates
The

preparation

of

financial

statements

in

accordance

with

U.S.

GAAP

requires

management

to

make

estimates

and

assumptions

that

affect

the

reported

amounts

of

assets

and

liabilities

at

the

date

of

the

financial

statements

and

the

amounts

of

income

and

expenses

during

the

reporting

period.

Actual

results

could

differ

from

those

estimates.

k. #### Guarantees

#### and

#### Indemnifications
Under

the Trust's

organizational

documents,

its

officers

and trustees

are

indemnified

by

the Trust against

certain

liabilities

arising

out

of

the

performance

of

their

duties

to

the

Trust.

Additionally,

in

the

normal

course

of

business,

the Trust,

on

behalf

of

the

Funds, enters

into

contracts

with

service

providers

that

contain

general

indemnification

clauses.

The Trust's

maximum

exposure

under

these

arrangements

is

unknown

as

this

would

involve

future

claims

that

may

be

made

against

the Trust

that

have

not

yet

occurred.

Currently,

the Trust

expects

the

risk

of

loss

to

be

remote.

1. #### Organization

#### and

#### Significant

#### Accounting

#### Policies
(continued)

h. #### Income

#### and

#### Deferred

#### Taxes
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

2. #### Shares

#### of

#### Beneficial

#### Interest
At

January

31,

2026,

there

were

an

unlimited

number

of

shares

authorized

(without

par value).

Transactions

in

the

Funds'

shares

were

as

follows:

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### Shares

#### Amount
Advisor

Class

Six

Months

ended

January

31,

2026

Shares

sold

...................................

3,569,911

$45,743,559

Shares

issued

in

reinvestment

of

distributions

..........

712,290

8,853,770

Shares

redeemed

...............................

(2,146,399)

(27,173,585)

Net

increase

(decrease)

..........................

2,135,802

$27,423,744

Year

ended

July

31,

2025

Shares

sold

...................................

4,456,531

$52,813,518

Shares

issued

in

reinvestment

of

distributions

..........

285,323

3,292,625

Shares

redeemed

...............................

(2,027,814)

(24,026,670)

Net

increase

(decrease)

..........................

2,714,040

$32,079,473

#### Franklin

#### International

#### Growth

#### Fund

#### Shares

#### Amount
Class

A

#### Class

#### A

#### Shares:
Six

Months

ended

January

31,

2026

Shares

sold

a

...................................

803,347

$14,424,355

Shares

issued

in

reinvestment

of

distributions

..........

589,055

10,208,317

Shares

redeemed

...............................

(2,250,986)

(40,326,932)

Net

increase

(decrease)

..........................

(858,584)

$(15,694,260)

Year

ended

July

31,

2025

Shares

sold

a

...................................

1,551,293

$26,595,021

Shares

issued

in

reinvestment

of

distributions

..........

394,160

6,409,036

Shares

redeemed

...............................

(4,898,185)

(83,625,947)

Net

increase

(decrease)

..........................

(2,952,732)

$(50,621,890)

Class

C

#### Class

#### C

#### Shares:
Six

Months

ended

January

31,

2026

Shares

sold

...................................

44,054

$735,338

Shares

issued

in

reinvestment

of

distributions

..........

28,951

464,665

Shares

redeemed

a

..............................

(161,230)

(2,677,060)

Net

increase

(decrease)

..........................

(88,225)

$(1,477,057)

Year

ended

July

31,

2025

Shares

sold

...................................

71,891

$1,137,849

Shares

issued

in

reinvestment

of

distributions

..........

11,930

180,855

Shares

redeemed

a

..............................

(417,046)

(6,623,720)

Net

increase

(decrease)

..........................

(333,225)

$(5,305,016)

Class

R

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

#### Franklin

#### International

#### Growth

#### Fund

#### Shares

#### Amount

#### Class

#### R

#### Shares:
Six

Months

ended

January

31,

2026

Shares

sold

...................................

29,253

$512,282

Shares

issued

in

reinvestment

of

distributions

..........

7,576

128,710

Shares

redeemed

...............................

(44,573)

(782,796)

Net

increase

(decrease)

..........................

(7,744)

$(141,804)

Year

ended

July

31,

2025

Shares

sold

...................................

74,666

$1,275,881

Shares

issued

in

reinvestment

of

distributions

..........

3,959

63,195

Shares

redeemed

...............................

(89,564)

(1,526,686)

Net

increase

(decrease)

..........................

(10,939)

$(187,610)

Class

R6

#### Class

#### R6

#### Shares:
Six

Months

ended

January

31,

2026

Shares

sold

...................................

540,524

$9,823,859

Shares

issued

in

reinvestment

of

distributions

..........

151,560

2,661,388

Shares

redeemed

...............................

(4,843,865)

(86,577,622)

Net

increase

(decrease)

..........................

(4,151,781)

$(74,092,375)

Year

ended

July

31,

2025

Shares

sold

...................................

1,285,731

$22,196,453

Shares

issued

in

reinvestment

of

distributions

..........

176,331

2,904,178

Shares

redeemed

...............................

(3,809,919)

(65,963,520)

Net

increase

(decrease)

..........................

(2,347,857)

$(40,862,889)

Advisor

Class

#### Advisor

#### Class

#### Shares:
Six

Months

ended

January

31,

2026

Shares

sold

...................................

725,534

$13,107,115

Shares

issued

in

reinvestment

of

distributions

..........

402,050

7,035,875

Shares

redeemed

...............................

(3,366,434)

(61,584,058)

Net

increase

(decrease)

..........................

(2,238,850)

$(41,441,068)

Year

ended

July

31,

2025

Shares

sold

...................................

2,959,074

$51,019,666

Shares

issued

in

reinvestment

of

distributions

..........

314,519

5,164,402

Shares

redeemed

...............................

(8,140,877)

(139,904,712)

Net

increase

(decrease)

..........................

(4,867,284)

$(83,720,644)

a

May

include

a

portion

of

Class

C

shares

that

were

automatically

converted

to

Class

A. 2. #### Shares

#### of

#### Beneficial

#### Interest
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

3. #### Transactions

#### with

#### Affiliates
Franklin

Resources,

Inc.

is

the

holding

company

for

various

subsidiaries

that

together

are

referred

to

as

Franklin

Templeton.

Certain

officers

and

trustees

of

the Trust are

also

officers

and/or

directors

of

the

following

subsidiaries:

a. #### Management

#### Fees
Franklin

Emerging

Market

Debt

Opportunities

Fund

pays

an

investment

management fee,

calculated

daily and

paid

monthly,

to FTIML based

on the

average

daily

net

assets

of

the

Fund

as

follows:

FT

Subsidiary pays

an

investment

management fee,

calculated

daily and

paid

monthly,

to FTIML based

on the

average

daily

net

assets

of

the

FT

Subsidiary as

follows:

Management

fees

paid

by

the

Fund

were

reduced

on

assets

invested

in

FT

Subsidiary,

in

an

amount

equal

to

the

management

fees

paid

by

FT

Subsidiary.

Franklin

International

Growth

Fund

pays

an

investment

management fee,

calculated

daily and

paid

monthly,

to FT

Institutional

based

on the

average

daily

net

assets

of

the

Fund

as

follows:

#### Subsidiary

#### Affiliation
Franklin

Templeton

Investment

Management

Limited

(FTIML)

Investment

manager

Franklin

Templeton

Institutional,

LLC

(FT

Institutional)

Investment

manager

Franklin

Templeton

Services,

LLC

(FT

Services)

Administrative

manager

Franklin

Distributors,

LLC

(Distributors)

Principal

underwriter

Franklin

Templeton

Investor

Services,

LLC

(Investor

Services)

Transfer

agent

#### Annualized

#### Fee

#### Rate

#### Net

#### Assets
0.850%

Up

to

and

including

$500

million

0.800%

Over

$500

million,

up

to

and

including

$1

billion

0.750%

In

excess

of

$1

billion

#### Annualized

#### Fee

#### Rate

#### Net

#### Assets
1.000%

Up

to

and

including

$500

million

0.900%

Over

$500

million,

up

to

and

including

$1

billion

0.850%

In

excess

of

$1

billion

#### Annualized

#### Fee

#### Rate

#### Net

#### Assets
0.760%

Up

to

and

including

$500

million

0.740%

Over

$500

million,

up

to

and

including

$1

billion

0.720%

Over

$1

billion,

up

to

and

including

$1.5

billion

0.700%

Over

$1.5

billion,

up

to

and

including

$6.5

billion

0.675%

Over

$6.5

billion,

up

to

and

including

$11.5

billion

0.655%

Over

$11.5

billion,

up

to

and

including

$16.5

billion

0.635%

Over

$16.5

billion,

up

to

and

including

$19

billion

0.615%

Over

$19

billion,

up

to

and

including

$21.5

billion

0.600%

In

excess

of

$21.5

billion

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

For

the

period

ended

January

31,

2026,

each

Fund's

annualized

gross

effective

investment

management

fee

rate

based

on

average

daily

net

assets

was

as

follows:

b. #### Administrative

#### Fees
Under

an

agreement

with

FTIML,

FT

Services

provides

administrative

services

to

the

Franklin

Emerging

Market

Debt

Opportunities Fund and

FT

Subsidiary.

The

fee

is

paid

by

FTIML

based

on

the

Fund's

and

FT

Subsidiary's average

daily

net

assets,

and

is

not

an

additional

expense

of

the

Fund

or

FT

Subsidiary.

Under

an

agreement

with

FT

Institutional,

FT

Services

provides

administrative

services

to

the

Franklin

International

Growth

Fund.

The

fee

is

paid

by

FT

Institutional

based

on

the

Fund's

average

daily

net

assets,

and

is

not

an

additional

expense

of

the

Fund.

c. #### Distribution

#### Fees
The

Board

for

Franklin

International

Growth

Fund

has

adopted

distribution

plans

for

each

share

class,

with

the

exception

of

Class

R6

and

Advisor

Class

shares,

pursuant

to

Rule

12b-1

under

the

1940

Act.

Under

the

Fund's

Class

A

reimbursement

distribution

plan,

the

Fund

reimburses

Distributors

for

costs

incurred

in

connection

with

the

servicing,

sale

and

distribution

of

the

Fund's

shares

up

to

the

maximum

annual

plan

rate.

Under

the

Class

A

reimbursement

distribution

plan,

costs

exceeding

the

maximum

for

the

current

plan

year

cannot

be

reimbursed

in

subsequent

periods.

In

addition,

under

the

Fund's

Class

C

and

R

compensation

distribution

plans,

the

Fund

pays

Distributors

for

costs

incurred

in

connection

with

the

servicing,

sale

and

distribution

of

the

Fund's

shares

up

to

the

maximum

annual

plan

rate

for

each

class.

The

plan

year,

for

purposes

of

monitoring

compliance

with

the

maximum

annual

plan

rates,

is

February

through

January

31. The

Board

has

set

the

current

rate

at

0.25%

per

year

for

Class

A

shares

until

further

notice

and

approval

by

the

Board.

d. #### Sales

#### Charges/Underwriting

#### Agreements
Front-end

sales

charges

and

contingent

deferred

sales

charges

(CDSC)

do

not

represent

expenses

of

the

Funds.

These

charges

are

deducted

from

the

proceeds

of

sales

of

fund

shares

prior

to

investment

or

from

redemption

proceeds

prior

to

remittance,

as

applicable.

Distributors

has

advised

Franklin

International

Growth

Fund

of

the

following

commission

transactions

related

to

the

sales

and

redemptions

of

its

shares

for

the

period:

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### Franklin

#### International

#### Growth

#### Fund
Gross

effective

investment

management

fee

rate

........

0.850%

0.753%

#### Franklin

#### International

#### Growth

#### Fund
Class

A

..................................................................................

0.35%

Class

C

..................................................................................

1.00%

Class

R

..................................................................................

0.50%

3. #### Transactions

#### with

#### Affiliates
(continued)

a. #### Management

#### Fees
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

e. #### Transfer

#### Agent

#### Fees
Each

class

of

shares

pays

transfer

agent

fees,

calculated

monthly

and

paid

monthly, to

Investor

Services

for

its

performance

of

shareholder

servicing

obligations. The

fees

are based

on

a

fixed

margin

earned

by

Investor

Services

and

are allocated

to

the Funds

based

upon

relative

assets

and

relative

transactions. In

addition,

each

class reimburses

Investor

Services

for

out

of

pocket

expenses

incurred

and,

except

for

Class

R6, reimburses

shareholder

servicing

fees

paid

to

third

parties.

These

fees

paid

to

third

parties

are

accrued

and

allocated

daily

based

upon

their

relative

proportion

of

such

classes'

aggregate

net

assets.

Class

R6

pays

Investor

Services

transfer

agent

fees

allocated

specifically

to

that

class

based

upon

its

relative

assets

and

relative

transactions.

For

the

period

ended

January

31,

2026,

the Funds

paid

transfer

agent

fees

as

noted

in

the

Statements of

Operations

of

which

the

following

amounts

were

retained

by

Investor

Services:

f. #### Investments

#### in

#### Affiliated

#### Management

#### Investment

#### Companies
Certain

or

all

Funds

invest

in

one

or

more

affiliated

management

investment

companies.

As

defined

in

the

1940

Act,

an

investment

is

deemed

to

be

a

"Controlled

Affiliate"

of

a

fund

when

a

fund

owns,

either

directly

or

indirectly,

25%

or

more

of

the

affiliated

fund's

outstanding

shares

or

has

the

power

to

exercise

control

over

management

or

policies

of

such

fund.

The

Funds

do

not

invest

for

purposes

of

exercising

a

controlling

influence

over

the

management

or

policies.

Management

fees

paid

by

the

Funds

are

waived

on

assets

invested

in

the

affiliated

management

investment

companies,

as

noted

in

the

Statements

of

Operations,

in

an

amount

not

to

exceed

the

management

and

administrative

fees,

if

applicable, paid

directly

or

indirectly

by

each

affiliate.

During

the

period

ended

January

31,

2026,

investments

in

affiliated

management

investment

companies

were

as

follows:

#### Franklin

#### International

#### Growth

#### Fund
Sales

charges

retained

net

of

commissions

paid

to

unaffiliated

brokers/dealers

..................

$15,499

CDSC

retained

...........................

$796

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### Franklin

#### International

#### Growth

#### Fund
Transfer

agent

fees

........................

$13,263

$191,650

3. #### Transactions

#### with

#### Affiliates
(continued)

d. #### Sales

#### Charges/Underwriting

#### Agreements
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

g. #### Waiver

#### and

#### Expense

#### Reimbursements
FTIML has contractually

agreed

in

advance

to

waive

or

limit

its fees

and

to

assume

as

its

own

expense

certain

expenses

otherwise

payable

by

the Franklin

Emerging

Market

Debt

Opportunities

Fund

so

that

the

operating expenses

(excluding

interest

expense,

acquired

fund

fees

and

expenses

and

certain

non-routine

expenses

or

costs,

including

those

relating

to

litigation,

indemnification,

reorganizations,

and

liquidations)

of

the

Fund

do

not

exceed 1.00%,

based

on

the

average

net

assets

until November

30,

2026. Total

expenses

waived

or

paid

are

not

subject

to

recapture

subsequent

to

the

Fund's

fiscal

year

end.

FT

Institutional has contractually

agreed

in

advance

to

waive

or

limit

its fees

and

to

assume

as

its

own

expense

certain

expenses

otherwise

payable

by

the Franklin

International

Growth

Fund

so

that

the

operating expenses

(excluding

interest

expense,

distribution

fees,

acquired

fund

fees

and

expenses

and

certain

non-routine

expenses

or

costs,

including

those

relating

to

litigation,

indemnification,

reorganizations,

and

liquidations)

for Class

A,

Class

C,

Class

R

and

Advisor

Class

of

the Fund

do

not

exceed 0.86%

and

for

Class

R6

do

not

exceed

0.75%

based

on

the

average

net

assets

of

each

class

until November

30,

2026. Total

expenses

waived

or

paid

are

not

subject

to

recapture

subsequent

to

the

Fund's

fiscal

year

end.

Transfer

agent

fees

on

Class

R6

shares

of

Franklin

International

Growth

Fund

have

been

capped

so

that

transfer

agent

fees

for

that

class

do

not

exceed

0.02%

based

on

the

average

net

assets

of

the

class

until

November

30,

2026. #### &nbsp;&nbsp;&nbsp;&nbsp;aa

#### Value

#### at

#### Beginning

#### of

#### Period

#### Purchases

#### Sales

#### Realized

#### Gain
(Loss)

#### Net

#### Change

#### in

#### Unrealized

#### Appreciation
(Depreciation)

#### Value

#### at

#### End

#### of

#### Period

#### Number

#### of

#### Shares

#### Held

#### at

#### End

#### of

#### Period

#### Investment

#### Income

#### a&nbsp;&nbsp;&nbsp;&nbsp;

#### a

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### Non-Controlled

#### Affiliates
Dividends

Franklin

Institutional

U.S.

Government

Money

Market

Fund,

3.603%

............

$6,669,994

$48,871,246

$(49,908,685)

$—

$—

$5,632,555

5,632,555

$118,524

#### Total

#### Affiliated

#### Securities

#### ...
$6,669,994

$48,871,246

$(49,908,685)

$—

$—

$5,632,555

$118,524

#### Franklin

#### International

#### Growth

#### Fund

#### Non-Controlled

#### Affiliates
Dividends

Franklin

Institutional

U.S.

Government

Money

Market

Fund,

3.603%

............

$15,291,485

$163,619,695

$(165,286,101)

$—

$—

$13,625,079

13,625,079

$260,513

#### Non-Controlled

#### Affiliates
Income

from

securities

loaned

Franklin

Institutional

U.S.

Government

Money

Market

Fund,

3.603%

............

$—

$12,340,000

$(12,340,000)

$—

$—

$—

—

$3,827

#### Total

#### Affiliated

#### Securities

#### ...
$15,291,485

$175,959,695

$(177,626,101)

$—

$—

$13,625,079

$264,340

3. #### Transactions

#### with

#### Affiliates
(continued)

f. #### Investments

#### in

#### Affiliated

#### Management

#### Investment

#### Companies
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

4. #### Income

#### Taxes
For

tax

purposes,

capital

losses

may

be

carried

over

to

offset

future

capital

gains.

At

July

31,

2025,

the

capital

loss

carryforwards

were

as

follows:

At

January

31,

2026,

the

cost

of

investments

and

net

unrealized

appreciation

(depreciation) for

income

tax

purposes

were

as

follows:

Differences

between

income

and/or

capital

gains

as

determined

on

a

book

basis

and

a

tax

basis

are

primarily

due

to

differing

treatments

of

defaulted

securities,

foreign

currency

transactions,

wash

sales,

passive

foreign

investment

company

shares,

paydown

losses,

payments-in-kind,

bond

discounts

and

premiums,

tax

straddles,

investments

in

the

Alternative

Strategies

Fund

and

inflation

adjustments.

5. #### Investment

#### Transactions
Purchases

and

sales

of

investments

(excluding

short

term

securities)

for

the

period

ended

January

31,

2026,

were

as

follows:

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### Franklin

#### International

#### Growth

#### Fund

Capital

loss

carryforwards

not

subject

to

expiration:

Short

term

.............................

$

13,605,730

$

—

Long

term

.............................

61,664,849

—

Total

capital

loss

carryforwards

............

$75,270,579

$—

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### Franklin

#### International

#### Growth

#### Fund
a

a

a

Cost

of

investments

.......................

$173,207,329

$529,510,407

Unrealized

appreciation

.....................

$9,522,793

$233,077,954

Unrealized

depreciation

.....................

(46,620,951)

(52,890,698)

Net

unrealized

appreciation

(depreciation)

.......

$(37,098,158)

$180,187,256

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### Franklin

#### International

#### Growth

#### Fund
Purchases

..............................

$47,890,891

$174,833,826

Sales

..................................

$27,284,210

$328,847,580

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

6. #### Credit

#### Risk
At

January

31,

2026, Franklin

Emerging

Market

Debt

Opportunities

Fund

had

74.7% of

its

portfolio

invested

in

high

yield

rated

below

investment

grade

as

determined

by

Nationally

Recognized

Statistical

Credit

Ratings

Organizations

and/or

internally,

by

investment

management.

These

securities

may

be

more

sensitive

to

economic

conditions

causing

greater

price

volatility

and

are

potentially

subject

to

a

greater

risk

of

loss

due

to

default

than

higher

rated

securities.

Certain

or

all

Funds

held

defaulted

securities

and/or

other

securities

for

which

the

income

has

been

deemed

uncollectible.

At

January

31,

2026,

the

aggregate

value

of

these

securities for

Franklin

Emerging

Market

Debt

Opportunities

Fund

was

$6,900,161,

representing 5.0%

of the

Fund's

net

assets.

The

Funds

discontinue

accruing

income

on

securities

for

which

income

has

been

deemed

uncollectible

and

provides

an

estimate

for

losses

on

interest

receivable.

The securities have

been

identified

in

the

accompanying

Schedules

of

Investments.

7. #### Concentration

#### of

#### Risk
Investing

in

foreign

securities

may

include

certain

risks

and

considerations

not

typically

associated

with

investing

in

U.S.

securities,

such

as

fluctuating

currency

values

and

changing

local,

regional

and

global

economic,

political

and

social

conditions,

which

may

result

in

greater

market

volatility.

Political

and

financial

uncertainty

in

many

foreign

regions

may

increase

market

volatility

and

the

economic

risk

of

investing

in

foreign

securities.

In

addition,

certain

foreign

securities

may

not

be

as

liquid

as

U.S.

securities.

Investments

in

issuers

domiciled

or

with

significant

operations

in

developing

or

emerging

market

countries

may

be

subject

to

higher

risks

than

investments

in

developed

countries.

These

risks

include

fluctuating

currency

values,

underdeveloped

legal

or

business

systems,

and

changing

local

and

regional

economic,

political

and

social

conditions,

which

may

result

in

greater

market

volatility.

In

addition,

certain

foreign

securities

may

not

be

as

liquid

as

U.S.

securities.

Currencies

of

developing

or

emerging

market

countries

may

be

subject

to

significantly

greater

risks

than

currencies

of

developed

countries,

including

the

potential

inability

to

repatriate

those

currencies

into

U.S.

dollars.

Russia's

military

invasion

of

Ukraine

in

February

2022,

the

resulting

responses

by

the

United

States

and

other

countries,

and

the

potential

for

wider

conflict

could

increase

volatility

and

uncertainty

in

the

financial

markets

and

adversely

affect

regional

and

global

economies.

The

United

States

and

other

countries

have

imposed

broad-ranging

economic

sanctions

on

Russia

and

certain

Russian

individuals,

banking

entities

and

corporations

as

a

response

to

its

invasion

of

Ukraine.

The

United

States

and

other

countries

have

also

imposed

economic

sanctions

on

Belarus

and

may

impose

sanctions

on

other

countries

that

support

Russia's

military

invasion.

These

sanctions,

as

well

as

any

other

economic

consequences

related

to

the

invasion,

such

as

additional

sanctions,

boycotts

or

changes

in

consumer

or

purchaser

preferences

or

cyberattacks

on

governments,

companies

or

individuals,

may

further

decrease

the

value

and

liquidity

of

certain

Russian

securities

and

securities

of

issuers

in

other

countries

that

are

subject

to

economic

sanctions

related

to

the

invasion.

To

the

extent

that

the

Funds

have

exposure

to

Russian

investments

or

investments

in

countries

affected

by

the

invasion,

the

Funds'

ability

to

price,

buy,

sell,

receive

or

deliver

such

investments was

impaired.

The

Funds

could

determine

at

any

time

that

certain

of

the

most

affected

securities

have

little

or

no

value.

In

addition,

any

exposure

that

the

Fund

may

have

to

counterparties

in

Russia

or

in

countries

affected

by

the

invasion

could

negatively

impact

the

Fund's

portfolio.

The

extent

and

duration

of

Russia's

military

actions

and

the

repercussions

of

such

actions

(including

any

retaliatory

actions

or

countermeasures

that

may

be

taken

by

those

subject

to

sanctions)

are

impossible

to

predict,

but

could

result

in

significant

market

disruptions,

including

in

the

oil

and

natural

gas

markets,

and

may

negatively

affect

global

supply

chains,

inflation

and

global

growth.

These

and

any

related

events

could

significantly

impact

the

Funds'

performance

and

the

value

of

an

investment

in

the

Fund,

even

beyond

any

direct

exposure

the

Funds

may

have

to

Russian

issuers

or

issuers

in

other

countries

affected

by

the

invasion.

At

January

31,

2026,

Franklin

Emerging

Market

Debt

Opportunities

Fund

had

0.0%

of

its

net

assets

invested

in

securities

with

significant

economic

risk

or

exposure

to

Russia.

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

8. #### Restricted

#### Securities
Certain

or

all

Funds

invest

in

securities

that

are

restricted

under

the

Securities

Act

of

1933

(1933

Act).

Restricted

securities

are

often

purchased

in

private

placement

transactions,

and

cannot

be

sold

without

prior

registration

unless

the

sale

is

pursuant

to

an

exemption

under

the

1933

Act.

Disposal

of

these

securities

may

require

greater

effort

and

expense,

and

prompt

sale

at

an

acceptable

price

may

be

difficult.

The

Funds

may

have

registration

rights

for

restricted

securities.

The

issuer

generally

incurs

all

registration

costs.

At

January

31,

2026,

investments

in

restricted

securities,

excluding

securities

exempt

from

registration

under

the

1933

Act,

were

as

follows:

See

abbreviations

on

page

40. 9. #### Other

#### Derivative

#### Information
At

January

31,

2026,

investments

in

derivative

contracts

are

reflected

in

the

Statements

of

Assets

and

Liabilities

as

follows:

For

the

period

ended

January

31,

2026,

the

effect

of

derivative

contracts

in

the

Statements

of

Operations

was

as

follows:

#### Principal

#### Amount

#### \*

#### /

#### Shares

#### Issuer

#### Acquisition

#### Date

#### Cost

#### Value

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
193,625

Astana

Finance

JSC,

GDR,

144A

................

5/22/15

$

—

$

—

8,000,000

Sphynx

Capital

Markets

PCC

(National

Investment

Bank

of

Ghana),

PTN,

Secured

Note,

Reg.

S,

Zero

Cpn.,

2/05/09

..................................

10/12/09

-

10/13/11

3,100,000

—

#### Total

#### Restricted

#### Securities
(Value

is

—%

of

Net

Assets)

#### ...............
$3,100,000

$—

\*

In

U.S.

dollars

unless

otherwise

indicated.

#### Asset

#### Derivatives

#### Liability

#### Derivatives

#### Derivative

#### Contracts

#### Not

#### Accounted

#### for

#### as

#### Hedging

#### Instruments

#### Consolidated

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Location

#### Fair

#### Value

#### Consolidated

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Location

#### Fair

#### Value

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
Foreign

exchange

contracts

..

Unrealized

appreciation

on

OTC

forward

exchange

contracts

$

15,717

Unrealized

depreciation

on

OTC

forward

exchange

contracts

$

214,740

Total

....................

$15,717

$214,740

#### Derivative

#### Contracts

#### Not

#### Accounted

#### for

#### as

#### Hedging

#### Instruments

#### Consolidated

#### Statement

#### of

#### Operations

#### Location

#### Net

#### Realized

#### Gain
(Loss)

#### for

#### the

#### Period

#### Consolidated

#### Statement

#### of

#### Operations

#### Location

#### Net

#### Change

#### in

#### Unrealized

#### Appreciation
(Depreciation)

#### for

#### the

#### Period

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
Net

realized

gain

(loss)

from:

Net

change

in

unrealized

&nbsp;&nbsp;&nbsp;&nbsp;appreciation

(depreciation)

on:

Foreign

exchange

contracts

.....

Forward

exchange

contracts

$37,125

Forward

exchange

contracts

$(393,702)

Total

.......................

$37,125

$(393,702)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

For

the

period

ended

January

31,

2026

,

the

average

month

end

contract

value

for

forward

exchange

contracts,

and

average

month

end

fair

value

of

VRI,

were

as

follows

:

See

Note

1(d) regarding

derivative

financial

instruments.

See

abbreviations

on

.

10. #### Credit

#### Facility
The

Funds,

together

with

other

U.S.

registered

and

foreign

investment

funds

(collectively,

Borrowers),

managed

by

Franklin

Templeton,

are

borrowers

in

a

joint

syndicated

senior

unsecured

credit

facility

totaling

$2.995

billion

(Global

Credit

Facility)

which

matures

on

January

29,

2027. This

Global

Credit

Facility

provides

a

source

of

funds

to

the

Borrowers

for

temporary

and

emergency

purposes,

including

the

ability

to

meet

future

unanticipated

or

unusually

large

redemption

requests.

Under

the

terms

of

the

Global

Credit

Facility,

the

Funds

may,

in

addition

to

interest

charged

on

any

borrowings

made

by

the

Funds

and

other

costs

incurred

by

the

Funds,

pay

their

share

of

fees

and

expenses

incurred

in

connection

with

the

implementation

and

maintenance

of

the

Global

Credit

Facility,

based

upon

their

relative

share

of

the

aggregate

net

assets

of

all

of

the

Borrowers,

including

an

annual

commitment

fee

of

0.15%

based

upon

the

unused

portion

of

the

Global

Credit

Facility.

These

fees

are

reflected

in

other

expenses

in

the

Statements

of

Operations.

During

the

period ended

January

31,

2026,

the

Funds

did

not

use

the

Global

Credit

Facility.

11. #### Fair

#### Value

#### Measurements
The Funds

follow

a

fair

value

hierarchy

that

distinguishes

between

market

data

obtained

from

independent

sources

(observable

inputs)

and

the Funds'

own

market

assumptions

(unobservable

inputs).

These

inputs

are

used

in

determining

the

value

of

the Funds' financial

instruments

and

are

summarized

in

the

following

fair

value

hierarchy:

Level

–

quoted

prices

in

active

markets

for

identical

financial

instruments

Level

–

other

significant

observable

inputs

(including

quoted

prices

for

similar

financial

instruments,

interest

rates,

prepayment

speed,

credit

risk,

etc.)

Level

–

significant

unobservable

inputs

(including

the Funds'

own

assumptions

in

determining

the

fair

value

of

financial

instruments)

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund
Forward

exchange

contracts

.................

$20,737,228

VRI

....................................

$1,144,119

9. #### Other

#### Derivative

#### Information
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

The

input

levels

are

not

necessarily

an

indication

of

the

risk

or

liquidity

associated

with

financial

instruments

at

that

level.

A

summary

of

inputs

used

as

of

January

31,

2026,

in

valuing

the

Funds'

assets

and

liabilities carried

at

fair

value,

is

as

follows:

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Total

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### Assets:
Investments

in

Securities:

a

Common

Stocks

:

Financial

Services

......................

$

—

$

—

$

—

b

$

—

Metals

&

Mining

.......................

19,754

—

—

19,754

Real

Estate

Management

&

Development

....

—

—

Warrants

...............................

—

—

1,443,779

b

1,443,779

Private

Limited

Partnership

Funds

............

—

—

—

b

—

Convertible

Bonds

.......................

—

79,883

—

79,883

Quasi-Sovereign

Bonds

:

Financial

Services

......................

—

—

453,514

b

453,514

Municipal

Bonds

.......................

—

2,886,408

—

2,886,408

Oil,

Gas

&

Consumable

Fuels

.............

—

6,397,354

1,990,000

8,387,354

Transportation

Infrastructure

..............

—

875,391

—

875,391

Corporate

Bonds

:

Banks

...............................

—

927,686

—

927,686

Broadline

Retail

.......................

—

—

—

b

—

Chemicals

...........................

—

1,688,272

—

1,688,272

Commercial

Services

&

Supplies

...........

—

218,594

—

218,594

Diversified

Telecommunication

Services

.....

—

679,381

—

679,381

Electric

Utilities

........................

—

3,152,273

—

3,152,273

Food

Products

........................

—

1,650,704

—

1,650,704

Metals

&

Mining

.......................

—

877,940

—

877,940

Oil,

Gas

&

Consumable

Fuels

.............

—

2,495,456

—

2,495,456

Real

Estate

Management

&

Development

....

—

105,334

—

105,334

Wireless

Telecommunication

Services

.......

—

2,290,257

—

2,290,257

Loan

Participations

and

Assignments

.........

—

—

—

b

—

Foreign

Government

and

Agency

Securities

....

—

96,054,656

—

96,054,656

Supranational

...........................

—

5,703,866

—

5,703,866

Escrows

and

Litigation

Trusts

...............

—

—

4,490

4,490

Short

Term

Investments

...................

5,632,555

680,428

—

6,312,983

Total

Investments

in

Securities

...........

$5,652,309

$126,764,102

c

$3,891,783

$136,308,194

Other

Financial

Instruments:

Forward

Exchange

Contracts

...............

$—

$15,717

$—

$15,717

Total

Other

Financial

Instruments

.........

$—

$15,717

$—

$15,717

#### Liabilities:
Other

Financial

Instruments:

Forward

Exchange

Contracts

...............

—

214,740

—

214,740

Total

Other

Financial

Instruments

.........

$—

$214,740

$—

$214,740

#### Franklin

#### International

#### Growth

#### Fund

#### Assets:
Investments

in

Securities:

a

Common

Stocks

:

Aerospace

&

Defense

...................

—

42,926,673

—

42,926,673

Air

Freight

&

Logistics

...................

—

28,118,512

—

28,118,512

Banks

...............................

—

41,359,629

—

41,359,629

Biotechnology

.........................

37,796,400

—

—

37,796,400

Broadline

Retail

.......................

24,914,364

—

—

24,914,364

Building

Products

......................

—

18,244,208

—

18,244,208

Capital

Markets

........................

—

42,180,491

—

42,180,491

Chemicals

...........................

—

18,613,393

—

18,613,393

11. #### Fair

#### Value

#### Measurements
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Total

#### Franklin

#### International

#### Growth

#### Fund
(continued)

#### Assets:
(continued)

Investments

in

Securities:

a

(continued)

Common

Stocks:

(continued)

Electronic

Equipment,

Instruments

&

Components

........................

$

—

$

14,479,924

$

—

$

14,479,924

Entertainment

.........................

—

25,086,273

—

25,086,273

Health

Care

Equipment

&

Supplies

.........

—

51,881,493

—

51,881,493

Hotels,

Restaurants

&

Leisure

.............

—

18,726,135

—

18,726,135

Household

Durables

....................

—

20,173,837

—

20,173,837

Interactive

Media

&

Services

..............

—

20,210,946

—

20,210,946

IT

Services

...........................

12,466,850

—

—

12,466,850

Life

Sciences

Tools

&

Services

............

—

25,954,999

—

25,954,999

Machinery

............................

—

43,319,950

—

43,319,950

Oil,

Gas

&

Consumable

Fuels

.............

17,342,254

—

—

17,342,254

Pharmaceuticals

.......................

—

26,642,915

—

26,642,915

Professional

Services

...................

—

16,399,762

—

16,399,762

Semiconductors

&

Semiconductor

Equipment

.

23,853,464

36,961,881

—

60,815,345

Software

.............................

32,723,717

17,779,391

—

50,503,108

Specialty

Retail

........................

—

19,458,180

—

19,458,180

Trading

Companies

&

Distributors

..........

—

18,456,943

—

18,456,943

Short

Term

Investments

...................

13,625,079

—

—

13,625,079

Total

Investments

in

Securities

...........

$162,722,128

$546,975,535

d

$—

$709,697,663

a

For

detailed

categories,

see

the

accompanying

Schedule

of

Investments.

b

Includes

financial

instruments

determined

to

have

no

value.

c

Includes

foreign

securities

valued

at

$219,

which

were

categorized

as

Level

as

a

result

of

the

application

of

market

level

fair

value

procedures.

See

the

Financial

Instrument

Valuation

note

for

more

information.

d

Includes

foreign

securities

valued

at

$546,975,535,

which

were

categorized

as

Level

as

a

result

of

the

application

of

market

level

fair

value

procedures.

See

the

Financial

Instrument

Valuation

note

for

more

information.

11. #### Fair

#### Value

#### Measurements
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

A

reconciliation

of

assets

in

which

Level

inputs

are

used

in

determining

fair

value

is

presented

when

there

are

significant

Level

assets

and/or

liabilities

at

the

beginning

and/or

end

of

the

period.

At

January

31,

2026,

the

reconciliation

is

as

follows:

#### Balance

#### at

#### Beginning

#### of

#### Period

#### Purchases

#### a

#### Sales

#### b

#### Transfer

#### Into

#### Level

#### 3

#### Transfer

#### Out

#### of

#### Level

#### 3

#### c

#### Net

#### Accretion

#### (Amortiza-

#### tion)

#### Net

#### Realized

#### Gain
(Loss)

#### Net

#### Unr

#### ealized

#### Appreciatio

#### n

#### (#### Depreciation

####)

#### Balance

#### at

#### End

#### of

#### Period

#### Net

#### Change

#### in

#### Unrealized

#### Appreciation
(Depreciation)

#### on

#### Assets

#### Held

#### at

#### Period

#### End

#### a

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### Assets:
Investments

in

Securities:

Common

Stocks

:

Broadline

Retail

.....

$

—

d

$

—

$

—

d

$

—

$

—

$

—

$

(4,129)

$

4,129

$

—

$

—

Financial

Services

...

—

d

—

—

—

—

—

—

—

—

d

—

Warrants

:

Financial

Services

...

691,095

—

—

—

—

—

—

752,684

1,443,779

752,684

Metals

&

Mining

.....

—

—

d

—

—

—

—

—

—

—

d

—

Private

Limited

Partnership

Funds

:

Capital

Markets

.....

—

d

—

—

—

—

—

—

—

—

d

—

Quasi-Sovereign

Bonds

:

502,464

d

1,990,000

(83,317)

—

—

—

(1,473)

35,840

2,443,514

d

34,795

Corporate

Bonds

:

Broadline

Retail

.....

—

d

—

—

—

—

—

—

—

—

d

—

Loan

Participations

and

Assignments

:

—

d

21,175

—

—

—

(110) (21,175)

—

d

—

Escrows

and

Litigation

Trusts

:

3,982

—

—

—

—

—

—

508

4,490

508

Supranational

:

532,174

—

—

—

(532,174)

—

—

—

—

—

Total

Investments

in

Securities

............

$1,729,715

$2,011,175

$(83,207)

$—

$(532,174)

$—

$(5,712)

$771,986

$3,891,783

$787,987

a

Purchases

include

all

purchases

of

securities

and

securities

received

in

corporate

actions.

b

Sales

include

all

sales

of

securities,

maturities,

paydowns

and

securities

tendered

in

corporate

actions.

c

Transferred

out

of

Level

as

a

result

of

the

availability

of

a

quoted

price

in

an

active

market

for

identical

securities

and

other

significant

observable

valuation

inputs.

May

include

amounts

related

to

a

corporate

action.

d

Includes

financial

instruments

determined

to

have

no

value.

11. #### Fair

#### Value

#### Measurements
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

Significant

unobservable

valuation

inputs

for

material

Level

3 assets

and/or

liabilities and

impact

to

fair

value

as

a

result

of

changes

in

unobservable

valuation

inputs

as

of

January

31,

2026,

are

as

follows:

12. #### Operating

#### Segments
Each

Fund

operates

as

a

single

operating

segment,

which

is

an

investment

portfolio.

The

portfolio

managers

assigned

to

the

Fund

within the

Funds'

Investment

manager

serve

as

the

Chief

Operating

Decision

Maker

("CODM")

and are

responsible

for

evaluating each

Fund's

operating

results

and

allocating

resources

in

accordance

with each

Fund's

investment

strategy.

Internal

reporting

provided

to

the

CODM

aligns

with

the

accounting

policies

and

measurement

principles

used

in

the

financial

statements.

For

information

regarding

segment

assets,

segment

profit

or

loss,

and

significant

expenses,

refer

to

the

Statements

of

Assets

and

Liabilities

and

the

Statements

of

Operations,

along

with

the

related

notes

to

the

financial

statements.

The

Schedules

of

Investments

provides

details

of

the

Funds'

investments

that

generate

returns

such

as

interest,

dividends,

and

realized

and

unrealized

gains

or

losses.

Performance

metrics,

including

portfolio

turnover

and

expense

ratios,

are

disclosed

in

the

Financial

Highlights.

13. #### Subsequent

#### Events
The

Funds

have

evaluated

subsequent

events

through

the

issuance

of

the

financial

statements

and

determined

that

no

events

have

occurred

that

require

disclosure.

#### Description

#### Fair

#### Value

#### at

#### End

#### of

#### Period

#### Valuation

#### Technique

#### Unobservable

#### Inputs

#### Amount

#### Impact

#### to

#### Fair

#### Value

#### if

#### Input

#### Increases

#### a

#### Franklin

#### Emerging

#### Market

#### Debt

#### Opportunities

#### Fund

#### Assets:
Investments

in

Securities:

Warrants:

Financial

Services

........

$1,443,779

Recovery

value

Implied

recovery

8.4%

Increase

All

Other

..................

2,448,004

b,c,d

Total

.........................

$3,891,783

a

Represents

the

directional

change

in

the

fair

value

of

the

Level

financial

instruments

that

would

result

from

a

significant

and

reasonable

increase

in

the

corresponding

input.

A

significant

and

reasonable

decrease

in

the

input

would

have

the

opposite

effect.

Significant

increases

and

decreases

in

these

inputs

in

isolation

could

result

in

significantly

higher

or

lower

fair

value

measurements.

b

Includes

the

fair

value

of

immaterial

assets

and/or

liabilities

developed

using

various

valuation

techniques

and

unobservable

inputs.

c

Includes

financial

instruments

determined

to

have

no

value.

d

Includes

the

fair

value

of

assets

and/or

liabilities

derived

from

recent

transactions,

private

transaction

prices,

or

non-public

third-party

pricing

information

that

is

unobservable.

11. #### Fair

#### Value

#### Measurements
(continued)

Franklin

Global

Trust

Notes

to

Financial

Statements

(unaudited)

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

#### Abbreviations

#### Counterparty

#### CITI
Citibank

NA

#### Selected

#### Portfolio

#### ADR
American

Depositary

Receipt

#### CMT
Constant

Monthly

U.S.

Treasury

Securities

Yield

Curve

Rate

Index

#### FRN
Floating

Rate

Note

#### GDR
Global

Depositary

Receipt

#### PIK
Payment-In-Kind

#### PTN
Pass-through

Note

#### T-Note
Treasury

Note

#### Cu

#### r

#### rency

#### ARS
Argentine

Peso

#### AZN
Azerbaijan

Manat

#### BRL
Brazilian

Real

#### COP
Colombian

Peso

#### DOP
Dominican

Peso

#### EGP
Egyptian

Pound

#### EUR
Euro

#### IDR
Indonesian

Rupiah

#### INR
Indian

Rupee

#### JMD
Jamaican

Dollar

#### JPY
Japanese

Yen

#### KZT
Kazakhstani

Tenge

#### MXN
Mexican

Peso

#### NGN
Nigerian

Naira

#### TRY
Turkish

Lira

#### UGX
Ugandan

Shilling

#### UZS
Uzbekistani

Som

#### ZAR
South

African

Rand

Franklin

Global

Trust

ftinstitutional.com

\|

franklintempleton.com

Semiannual

Report

#### Changes

#### In

#### and

#### Disagreements

#### with

#### Accountants
For

the

period

covered

by

this

report

Not

applicable.

#### Results

#### of

#### Meeting(s)

#### of

#### Shareholders
For

the

period

covered

by

this

report

Not

applicable.

#### Remuneration

#### Paid

#### to

#### Directors,

#### Officers

#### and

#### Others
For

the

period

covered

by

this

report

Refer

to

the

financial

statements

included

herein.

#### Board

#### Approval

#### of

#### Management

#### and

#### Subadvisory

#### Agreements
For

the

period

covered

by

this

report

Not

applicable.

FGT-SFSOI

03/26©

2026

Franklin

Templeton.

All

rights

reserved.

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR.

ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR.

ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR.

ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR, as applicable.

ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable.

---

| | |
|:---|:---|
| ITEM 15. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |

---

There have been no changes to the procedures by which shareholders may recommend nominees to the Registrant's Board of Trustees that would require disclosure herein.

ITEM 16. CONTROLS AND PROCEDURES.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's chief executive officer and chief financial officer have concluded
 that the Registrant's disclosure controls and procedures (as defined in Rule 30a- 3(c) under the Investment Company Act of 1940,
 as amended (the "1940 Act")) are effective as of a date within 90 days of the filing date of this report that includes the
 disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under
 the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There were no changes in the Registrant's internal control over financial reporting
 (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the period covered by this report that have materially affected
 or are likely to materially affect the Registrant's internal control over financial reporting.

ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

ITEM 19. EXHIBITS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (1) Not applicable

Exhibit 99.CODE ETH

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[(a) (3) Certifications pursuant to section 302 of the Sarbanes-Oxley Act of 2002 attached hereto.](fgt-efp23268_ex99cert.htm)

Exhibit 99.CERT

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[(b) Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 attached hereto.](fgt-efp23268_ex99906cert.htm)

Exhibit 99.906CERT

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this Report to be signed on its behalf by the undersigned, there unto duly authorized.

---

| | |
|:---|:---|
| **Franklin Global Trust**  | **Franklin Global Trust**  |
| By: | **/**s/ Christopher Kings |
|  | Christopher Kings |
|  | Chief Executive Officer – Finance and Administration |

---

Date: March 27, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | /s/ Christopher Kings |
|  | Christopher Kings |
|  | Chief Executive Officer – Finance and Administration |

---

Date: March 27, 2026

---

| | |
|:---|:---|
| By: | /s/ Jeffrey White |
|  | Jeffrey White |
|  | Chief Financial Officer, Chief Accounting Officer and Treasurer |

---

Date: March 27, 2026

## Ex-99.Cert

CERTIFICATIONS PURSUANT TO SECTION 302

EX-99.CERT

**<u>CERTIFICATIONS</u>**

I, Christopher Kings, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on
Form N-CSR of **Franklin Global Trust**;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all material respects the financial condition, results of operations,
changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant
as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officers and I are
responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company
Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for
the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures,
or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to
the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the
period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial
reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's
disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's
internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably
likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officers
and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons
performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses
in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's
ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves
management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: March 27, 2026

---

| |
|:---|
| /s/ Christopher Kings |
| Christopher Kings |
| Chief Executive Officer - Finance and Administration |

---

**<u>CERTIFICATIONS</u>**

I, Jeffrey White, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of **Franklin Global Trust**;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial information
included in this report, and the financial statements on which the financial information is based, fairly present in all material respects
the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include
a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officers
and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment
Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940)
for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's disclosure controls and procedures
and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90
days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period
covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control
over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officers
and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons
performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize,
and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have
a significant role in the registrant's internal control over financial reporting.

Date: March 27, 2026

---

| |
|:---|
| /s/ Jeffrey White |
| Jeffrey White |
| Chief Financial Officer, Chief Accounting Officer and Treasurer |

---

## Exhibit 99.906

CERTIFICATIONS PURSUANT TO SECTION 906

EX-99.906CERT

**CERTIFICATION**

**Christopher Kings,** Chief Executive Officer - Finance and Administration, and **Jeffrey White**, Chief Financial Officer, Chief Accounting Officer and Treasurer of **Franklin Global Trust (the "Registrant"), each certify to the best of** their knowledge that:

&nbsp;&nbsp;&nbsp;&nbsp;1. The Registrant's periodic report on Form N-CSR for the period ended **January 31, 2026** (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

---

| | |
|:---|:---|
| **Chief Executive Officer -** | **Chief Financial Officer, Chief** |
| **Finance and Administration** | **Accounting Officer and Treasurer** |
| Franklin Global Trust | Franklin Global Trust |
| /s/ Christopher Kings | /s/ Jeffrey White |
| Christopher Kings | Jeffrey White |

---

Date: March 27, 2026 Date: March 27, 2026

This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR with the Commission.