# EDGAR Filing Document

**Accession Number:** 0000872625
**File Stem:** 0002071691-26-014442
**Filing Date:** 2026-6
**Character Count:** 41553
**Document Hash:** 5916269e141208a9119a35bd2f3d967f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-014442.hdr.sgml**: 20260624

**ACCESSION NUMBER**: 0002071691-26-014442

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260624

**DATE AS OF CHANGE**: 20260624

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN STRATEGIC SERIES
- **CENTRAL INDEX KEY:** 0000872625

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06243
- **FILM NUMBER:** 261113790

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-570-3000

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN CALIFORNIA 250 GROWTH FUND
- **DATE OF NAME CHANGE:** 19911216

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN CALIFORNIA 250 GROWTH INDEX FUND
- **DATE OF NAME CHANGE:** 19910917

## Series and Classes Contracts Data

### FRANKLIN NATURAL RESOURCES FUND (Series ID: S000006887)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018647 | CLASS C       | FNCRX           |
| C000018648 | CLASS A       | FRNRX           |
| C000018649 | ADVISOR CLASS | FNRAX           |
| C000132949 | Class R6      | FNCSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Strategic Series

- **b. Investment Company Act file number:** 811-06243

- **c. CIK number of Registrant:** 0000872625

- **d. LEI of Registrant:** 549300NDWC0J6DXVSX36

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

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

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Franklin Natural Resources Fund

- **b. EDGAR series identifier (if any):** S000006887

- **c. LEI of Series:** TCWS4YX3L8J5QHI4RW34

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $552194386.17

**Total Liabilities:** $13340333.76

**Net Assets:** $538854052.41

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018647 | 10.33%               | -1.00%               | 1.58%                |
| Class ID C000018648 | 10.39%               | -0.93%               | 1.65%                |
| Class ID C000018649 | 10.40%               | -0.90%               | 1.67%                |
| Class ID C000132949 | 10.41%               | -0.91%               | 1.67%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3824413.64              | $43025146.10                               |
| Month 2  | $14250342.34             | $-20119909.38                              |
| Month 3  | $868843.59               | $7851099.26                                |

### Schedule of Portfolio Investments

| Name                                                     | Title                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Antofagasta plc                                          | Antofagasta plc                                          | CUSIP: N/A<br>LEI: 213800MY6QVH4FVLD628       | Long             | EC               | CORP              | GB        |     88600 | NS      | $4296899.29   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Products and Chemicals, Inc.                         | Air Products and Chemicals, Inc.                         | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     33100 | NS      | $9931655.00   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp.                                          | Albemarle Corp.                                          | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |       800 | NS      | $157360.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp.                                          | Albemarle Corp.                                          | CUSIP: 012653200<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EP               | CORP              | US        |     30800 | NS      | $2400552.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| BP plc                                                   | BP plc                                                   | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    274500 | NS      | $13005810.00  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter, Inc.                                       | Badger Meter, Inc.                                       | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     23700 | NS      | $2865567.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co.                                         | Baker Hughes Co., Class A                                | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65100 | NS      | $4535517.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp.                                               | Ball Corp.                                               | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     42000 | NS      | $2565360.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp.                                     | Barrick Mining Corp.                                     | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    326900 | NS      | $12860246.00  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd.                                           | BHP Group Ltd.                                           | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    159900 | NS      | $12680070.00  | 2.35%             |  |  |  | No            |                  1 | On Loan: —       |
| B2Gold Corp.                                             | B2Gold Corp.                                             | CUSIP: 11777QAC4<br>LEI: 549300F7OK456M5NLM05 | Long             | DBT              | CORP              | CA        |    933000 | PA      | $1500497.25   | 0.28%             | 2030-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Coterra Energy, Inc.                                     | Coterra Energy, Inc.                                     | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    316400 | NS      | $11361924.00  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus, Inc.                                             | Cactus, Inc., Class A                                    | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     51800 | NS      | $2886296.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadeler A/S                                              | Cadeler A/S                                              | CUSIP: 12738K109<br>LEI: 9845008439EUED140282 | Long             | EC               | CORP              | DK        |    100624 | NS      | $2785272.32   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Cameco Corp.                                             | Cameco Corp.                                             | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     36100 | NS      | $4441744.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy, Inc.                                    | Cheniere Energy, Inc.                                    | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     10300 | NS      | $2831985.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                            | Chevron Corp.                                            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76140 | NS      | $14718623.40  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining, Inc.                                       | Coeur Mining, Inc.                                       | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    132900 | NS      | $2388213.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd.                                  | Agnico Eagle Mines Ltd.                                  | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     66300 | NS      | $12467338.31  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                           | ConocoPhillips                                           | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    149100 | NS      | $18753798.00  | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd.                          | Canadian Natural Resources Ltd.                          | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    212600 | NS      | $10148329.96  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva, Inc.                                            | Corteva, Inc.                                            | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    115200 | NS      | $9332352.00   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings, Inc.                                     | Crown Holdings, Inc.                                     | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     25700 | NS      | $2526567.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                                      | EOG Resources, Inc.                                      | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     94000 | NS      | $13213580.00  | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp.                                                | EQT Corp.                                                | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    115700 | NS      | $6951256.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lundin Mining Corp.                                      | Lundin Mining Corp.                                      | CUSIP: 550372106<br>LEI: 549300FQDIM6C8HTN269 | Long             | EC               | CORP              | CA        |    156800 | NS      | $4024035.04   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Trican Well Service Ltd.                                 | Trican Well Service Ltd.                                 | CUSIP: 895945103<br>LEI: 5493003PMAE3KEW1DL91 | Long             | EC               | CORP              | CA        |    249600 | NS      | $1324854.42   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge, Inc.                                           | Enbridge, Inc.                                           | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     76900 | NS      | $4261798.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp.                                       | Equinox Gold Corp.                                       | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |    509400 | NS      | $7111224.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                                        | Exxon Mobil Corp.                                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    135806 | NS      | $20958939.98  | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowco Holdings, Inc.                                    | Flowco Holdings, Inc., Class A                           | CUSIP: 342909108<br>LEI: 529900837MXVPIR9FZ68 | Long             | EC               | CORP              | US        |     77000 | NS      | $1911910.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Forgent Power Solutions, Inc.                            | Forgent Power Solutions, Inc., Class A                   | CUSIP: 34631F102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56700 | NS      | $2133054.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan, Inc.                                   | Freeport-McMoRan, Inc.                                   | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    222500 | NS      | $12856050.00  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| T1 Energy, Inc.                                          | T1 Energy, Inc.                                          | CUSIP: 35834F104<br>LEI: 529900H0645VFXNMJ693 | Long             | EC               | CORP              | US        |    704800 | NS      | $3383040.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova, Inc.                                         | GE Vernova, Inc.                                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      3400 | NS      | $3683764.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co.                                          | Halliburton Co.                                          | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     65400 | NS      | $2766420.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Infinity Natural Resources, Inc.                         | Infinity Natural Resources, Inc., Class A                | CUSIP: 456941103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    283800 | NS      | $4623102.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund | Franklin Institutional U.S. Government Money Market Fund | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |   8841096 | NS      | $8841095.58   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric, Inc.                                   | Ivanhoe Electric, Inc.                                   | CUSIP: 46578C108<br>LEI: 529900CQSYGI54GDUR52 | Long             | EC               | CORP              | US        |     99000 | NS      | $1270170.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan, Inc.                                      | Kinder Morgan, Inc.                                      | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    265200 | NS      | $8717124.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy, Inc.                                     | Liberty Energy, Inc., Class A                            | CUSIP: 53115L104<br>LEI: 254900PKFJW6RILDCM60 | Long             | EC               | CORP              | US        |    134600 | NS      | $4548134.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp.                                       | MP Materials Corp.                                       | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     68700 | NS      | $4536948.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Marathon Petroleum Corp.                                 | Marathon Petroleum Corp.                                 | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     26500 | NS      | $6579685.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials, Inc.                          | Martin Marietta Materials, Inc.                          | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |     17100 | NS      | $10586097.00  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co.                                    | Matador Resources Co.                                    | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     93300 | NS      | $5918952.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindian Resources Ltd.                                   | Lindian Resources Ltd.                                   | CUSIP: N/A<br>LEI: 984500CHDBDE3657BC83       | Long             | EC               | CORP              | AU        |   5080852 | NS      | $2994903.63   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp.                                            | Newmont Corp.                                            | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |    159700 | NS      | $17741073.00  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd.                                             | Nutrien Ltd.                                             | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    147500 | NS      | $11210000.00  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                               | Occidental Petroleum Corp.                               | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    102200 | NS      | $6191276.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                               | Occidental Petroleum Corp.                               | CUSIP: 674599162<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             |  | CORP              | US        |     17900 | NS      | $690045.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.                          | Oceaneering International, Inc.                          | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     34700 | NS      | $1302638.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK, Inc.                                              | ONEOK, Inc.                                              | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     17100 | NS      | $1581066.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv, Inc.                                            | Ovintiv, Inc.                                            | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    125900 | NS      | $7749145.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp. of America                               | Packaging Corp. of America                               | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     16700 | NS      | $3564615.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy, Inc.                               | Patterson-UTI Energy, Inc.                               | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    210300 | NS      | $2569866.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp.                                  | Permian Resources Corp., Class A                         | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    195700 | NS      | $4231034.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                              | Phillips 66                                              | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     55600 | NS      | $9960740.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Precision Drilling Corp.                                 | Precision Drilling Corp.                                 | CUSIP: 74022D407<br>LEI: 8945003E8R4T2TZ7G795 | Long             | EC               | CORP              | CA        |     17200 | NS      | $1605276.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Energy Services, Inc.                             | Ranger Energy Services, Inc., Class A                    | CUSIP: 75282U104<br>LEI: 549300J7RIVGVAN0RE23 | Long             | EC               | CORP              | US        |      5114 | NS      | $89290.44     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance, Inc.                                           | Reliance, Inc.                                           | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |     11400 | NS      | $4132500.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto plc                                            | Rio Tinto plc                                            | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     43600 | NS      | $4380928.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell plc                                                | Shell plc                                                | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     96600 | NS      | $8758722.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd.                                                 | SLB Ltd.                                                 | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    126400 | NS      | $7189632.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions, Inc.                             | Select Water Solutions, Inc., Class A                    | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |    147718 | NS      | $2471322.14   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure, Inc.                      | Solaris Energy Infrastructure, Inc., Class A             | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |     28300 | NS      | $2089672.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Tamboran Resources Corp.                                 | Tamboran Resources Corp.                                 | CUSIP: 87507T101<br>LEI: 529900WBYBEP48BB5133 | Long             | EC               | CORP              | US        |     65400 | NS      | $2360940.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                                    | Targa Resources Corp.                                    | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     33000 | NS      | $8582640.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp.                                          | TC Energy Corp.                                          | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |    114900 | NS      | $7690257.00   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Teck Resources Ltd.                                      | Teck Resources Ltd., Class B                             | CUSIP: 878742204<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | EC               | CORP              | CA        |     52200 | NS      | $3050046.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Neo Performance Materials, Inc.                          | Neo Performance Materials, Inc.                          | CUSIP: N/A<br>LEI: 984500E2A5I396CB6D96       | Long             | EC               | CORP              | CA        |     85000 | NS      | $1583170.76   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Aclara Resources, Inc.                                   | Aclara Resources, Inc.                                   | CUSIP: N/A<br>LEI: 549300V8ITKL5RQLZQ44       | Long             | EC               | CORP              | CA        |    455354 | NS      | $1629197.51   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                  | Vale SA, Class B                                         | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    186500 | NS      | $3051140.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp.                                      | Valero Energy Corp.                                      | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     25000 | NS      | $6314500.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos., Inc. (The)                                | Williams Cos., Inc. (The)                                | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    145800 | NS      | $11125998.00  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                              | Xylem, Inc.                                              | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     21800 | NS      | $2575888.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Materials, Inc.                                  | Redwood Materials, Inc., Series E                        | CUSIP: N/A<br>LEI: 5493008UYCX7OTNK6D78       | Long             | EC               | CORP              | US        |     39802 | NS      | $1899982.70   | 0.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Hudbay Minerals, Inc.                                    | Hudbay Minerals, Inc.                                    | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |     67600 | NS      | $1563655.91   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker BP ASA                                              | Aker BP ASA                                              | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |    186100 | NS      | $7275081.10   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                      | Suncor Energy, Inc.                                      | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |    131800 | NS      | $9031504.40   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp.                                     | Tourmaline Oil Corp.                                     | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |     57200 | NS      | $2770832.26   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore plc                                             | Glencore plc                                             | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |    546900 | NS      | $4250418.28   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Ivanhoe Mines Ltd.                                       | Ivanhoe Mines Ltd., Class A                              | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |    306600 | NS      | $2482865.24   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ERO Copper Corp.                                         | ERO Copper Corp.                                         | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     50300 | NS      | $1300131.04   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Neo Performance Materials, Inc.                          | Neo Performance Materials, Inc.                          | CUSIP: 64046G106<br>LEI: 984500E2A5I396CB6D96 | Long             | EC               | CORP              | CA        |     74300 | NS      | $1383877.50   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Energy Services, Inc.                             | Ranger Energy Services, Inc., Class A                    | CUSIP: 75282U104<br>LEI: 549300J7RIVGVAN0RE23 | Long             | EC               | CORP              | US        |     67686 | NS      | $1181797.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| IperionX Ltd.                                            | IperionX Ltd.                                            | CUSIP: N/A<br>LEI: 98450096B1C9E094C832       | Long             | EC               | CORP              | AU        |    933700 | NS      | $2848063.96   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Aclara Resources, Inc.                                   | Aclara Resources, Inc.                                   | CUSIP: 00461M103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    549700 | NS      | $1966755.25   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Brazilian Rare Earths Ltd.                               | Brazilian Rare Earths Ltd.                               | CUSIP: N/A<br>LEI: 9845008972A00C4E4C60       | Long             | EC               | CORP              | AU        |    630000 | NS      | $2258771.13   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp.                                    | Capstone Copper Corp.                                    | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    185600 | NS      | $1546723.60   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Technip Energies NV                                      | Technip Energies NV                                      | CUSIP: N/A<br>LEI: 724500FLODI49NSCIP70       | Long             | EC               | CORP              | NL        |     58099 | NS      | $2748522.71   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Otovo ASA                                                | Otovo ASA                                                | CUSIP: N/A<br>LEI: 213800GFRKV96MLT9G04       | Long             | EC               | CORP              | NO        |   1518096 | NS      | $1751734.24   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Anglo American plc                                       | Anglo American plc                                       | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     57316 | NS      | $2836281.02   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Valterra Platinum Ltd.                                   | Valterra Platinum Ltd.                                   | CUSIP: N/A<br>LEI: 529900RORCZ0E5S5FX81       | Long             | EC               | CORP              | ZA        |      5648 | NS      | $458861.32    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| South32 Ltd.                                             | South32 Ltd.                                             | CUSIP: N/A<br>LEI: 213800LAZNPXSBKVHR17       | Long             | EC               | CORP              | AU        |    685800 | NS      | $2032401.55   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Alamos Gold, Inc.                                        | Alamos Gold, Inc., Class A                               | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    125800 | NS      | $5019589.94   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Dollar                                          | Canadian Dollar                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | CA        |     82046 | OU      | $60401.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                                     | EURO                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |     17673 | OU      | $20741.38     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                         | TotalEnergies SE                                         | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |    111800 | NS      | $10364978.00  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund | Franklin Institutional U.S. Government Money Market Fund | CUSIP: 457756500<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  12868615 | NS      | $12868615.00  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                                | Linde plc                                                | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |     24000 | NS      | $12027360.00  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC plc                                           | TechnipFMC plc                                           | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |     86500 | NS      | $6536805.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                                          | Bunge Global SA                                          | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | CH        |     34700 | NS      | $4409329.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Krone                                          | Norwegian Krone                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | NO        |       253 | OU      | $27.35        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Franklin Strategic Series

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer