# EDGAR Filing Document

**Accession Number:** 0000038721
**File Stem:** 0001752724-23-033138
**Filing Date:** 2023-2
**Character Count:** 538272
**Document Hash:** f16a778180e55bf56a20b1d960e23367
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-033138.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001752724-23-033138

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Custodian Funds
- **CENTRAL INDEX KEY:** 0000038721
- **IRS NUMBER:** 132573775
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00537
- **FILM NUMBER:** 23651805

**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 CUSTODIAN FUNDS
- **DATE OF NAME CHANGE:** 20080128

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN CUSTODIAN FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### FRANKLIN INCOME FUND (Series ID: S000006756)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018329 | Class A1      | FKINX           |
| C000018332 | Class C       | FCISX           |
| C000018333 | Advisor Class | FRIAX           |
| C000018334 | Class R       | FISRX           |
| C000128787 | Class R6      | FNCFX           |
| C000199719 | Class A       | FKIQX           |

## Nport-Ex

## Schedules of Investments (unaudited)

| Franklin DynaTech Fund | 2 |
| --- | --- |
| Franklin Focused Growth Fund | 6 |
| Franklin Growth Fund | 8 |

FINANCIAL | LUXURY FUNDS

Schedule of Investments (unaudited), December 31, 2022

NotFORInsured | MayLossValue | NoBankGuarantee

PDF (PDF)

1

Franklin Income Fund 13
Franklin U.S. Government Securities Fund 35
Franklin Utilities Fund 37
Notes to Schedules of Investments 39

**Franklin DynaTech Fund**

|  | Country | Shares | Value |
| --- | --- | --- | --- |
| Common Stocks 99.4% |  |  |  |
| Annonpauir & Deferree 1.1% |  |  |  |
| Waco Enterprise, Inc. | United States | 850,000 | $207,854,500 |
| MDCC Corp. | United States | 500,000 | 76,825,000 |
|  |  |  | 184,874,500 |

**Auto Components 0.9%**

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

SCHEDULE OF INVESTMENTS (UNADJUSTED)

# Franklin DynaTech Fund (continued)

# FRANKLIN CUSTOMAN FUNDS

|  | Country | Balance | Value |
| --- | --- | --- | --- |
| "American Global, Inc., A... | United States | 200,000 | 7,012,000 |
| "American Stock" (continued) |  |  |  |
| "Total Equity Plan Create Investment Trusts (PETFs) (continued)... | United States | 2,500,000 | 307,262,000 |
| USA Communications Corp. | United States | 500,000 | 504,261,000 |
| Bankof*** (1.0%) |  |  |  |
| Virginia, NC | Netherlands | 300,000 | 10,147,000 |
| "American Stock" (1.0%) | Denmark | 250,000 | 20,520,000 |
| "American Stock" (1.0%) | United States | 475,000 | 10,504,000 |

See Notes to Schedules of Investments 1 Quarterly Schedule of Investments 2

SCHEDULE OF INVESTMENTS (UNAUDITED)

# **Franklin DynsTech Fund (continued)**

| Independent Companies, Inc. | United States | 1,000,000 | 56,000,000 |
| --- | --- | --- | --- |
| Independent Companies, Inc. | United States | 175,000,000 | 31,000,000 |
| Independent Companies, Inc. | United States | 100,000 | 200,000,000 |
| Life Sciences, Inc. (2nd year combined) | United States | 200,000 | 200,000,000 |
| Life Sciences, Inc. (2nd year combined) | United States | 1,000,000 | 1,000,000,000 |
| Capital Markets, Inc. | United States | 100,000,000 | 1,000,000,000 |
| Fairfax International, Inc. | United States | 100,000,000 | 1,000,000,000 |
| Interbank, Inc. | United States | 100,000,000 | 27,000,000 |
| Interbank, Inc. (2nd year combined) | United States | 400,000,000 | 100,000,000 |
| Interbank, Inc. (2nd year combined) | United States | 2,500,000,000 | 100,000,000 |

2 | Quarterly Schedule of Investments | See Rules in Schedule of Investments

SCHEDULE OF INVESTMENTS (UNADJUSTED)

# Franklin DynaTech Fund (continued)

# FRANKLIN CUSTOMAN FUNDS

|  | Country | Shares | Value |
| --- | --- | --- | --- |
| Pharmaceuticals 1.0% |  |  | 404,000,000.00 |
| CHEMICAL SERVICES (continued) | United Kingdom | 2,350,000 | 103,350,000 |
| CHEMICAL SERVICES & Services 2.0% | United States | 225,000 | 123,500,000 |
| CHEMICAL SERVICES 1% | United States | 1,000,000.00 | 120,000,000.00 |
| TMC Corp. | United States | 250,000 | 21,000,000.00 |
| Health Care Technology 0.0% |  |  | 20,000,000.00 |
| Health Care Technology 0.0% | United States | 500,000 | 207,000,000.00 |
| Health Care Technology 0.0% | United States | 1,000,000.00 | 77,000,000.00 |
| Pharmaceuticals & Services 0.0% |  |  |  |
| CHEMICAL SERVICES 0.0% |  |  |  |

See Notes to Schedules of Investments. 1 Quarterly Schedule of Investments. 2

# Franklin Focused Growth Fund[{"box_2d": [19, 71, 486, 130], "label": "table", "caption": "

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 1,000,000 | 1,000,000 |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 1,000,000 | 1,000,000 |
| Schweiz Fund 0.2% | Schweiz Fund 0.2% | 1,000,000 | 1,000,000 |
| Schweiz Fund 0.2% | Schweiz Fund 0.2% | 1,000,000 | 1,000,000 |
| Schweiz Fund 0.2% | Schweiz Fund 0.2% | 1,000,000 | 1,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

| Fund Number | Group | Amount | Total |
| --- | --- | --- | --- |
| Franklin Focused Growth Fund 0.2% | Franklin Focused Growth Fund 0.2% | 2,000,000 | 2,000,000 |

<table><thead><tr><th>Fund Number</th><th>Group</th><th

SCHEDULE OF INVESTMENTS (UNADJUSTED)

# Franklin Focused Growth Fund (continued)

FRANKLIN CUSTOMER FUNDS

| Total Growth Fund (Net) (Cont. 2) | United States | 1,500,000 | 12,000,000 |
| --- | --- | --- | --- |
| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 300,000 | 30,000,000 |
| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 700,000 | 20,000,000 |
| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |
| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

| Total Growth Fund (Net) (Cont. $40,747,985) | United States | 1,000,000 | 20,000,000 |
| --- | --- | --- | --- |

<table><tr><td></td></tr></table>

See Notes to Schedules of Investments. 1 Quarterly Schedule of Investments.

1

# Frankko Growth Fund[{"box_2d": [19, 69, 483, 129], "label": "table", "caption": "

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| Frankko Growth Fund | United States | 1,770,847 | 1,770,847 |
| General Fund | United States | 1,770,847 | 1,770,847 |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,770,847 | 1,770,847 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,770,847 | 1,770,847 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

| Funding No. | Country | Dividends | 2014-2015 |
| --- | --- | --- | --- |
| General Fund | United States | 1,800,000,000 | 1,800,000,000 |

<table

SCHEDULE OF INVESTMENTS (UNASSETED)

Franklin Growth Fund (continued)

FRANKLIN CUSTOMER FUNDS

| Total Stock Market Funds (2021) 4.1% | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |
| Total Investment (Cost $12,954,520,417) 100.2% | 1,000,000 | 1,000,000 | 1,000,000 |
| Total Investment (Cost $12,954,520,417) 100.2% | 1,000,000 | 1,000,000 | 1,000,000 |
| Total Investment (Cost $12,954,520,417) 100.2% | 1,000,000 |  |  |
| Total Investment (Cost $12,954,520,417) 100.2% | 1,000,000 |  |  |
| Total Investment (Cost $12,954,520,417) 100.2% | 1,000,000 |  |  |
| Total Investment (Cost $12,954,520,4) 100.2% | 1,000,000 |  |  |
| Total Investment (Cost $12,954,520,4) 100.2% | 1,000,000 |  |  |
| Total Investment (Cost $12,954,520,4) 100.2% | 1,000,000 |  |  |

See Notes to Schedules of Investments. 2 Quarterly Schedule of Investments.

3

SCHEDULE OF INVESTMENTS [UNAUDITED]

# **Francisco Growth Fund [continued]**

| Consolidated Funds, Inc. A | Level 1 | 100,000 | 100,000 | 100,000 |
| --- | --- | --- | --- | --- |
| Financial Services, Inc. | Level 2 | 100,000 | 100,000 | 100,000 |
| Financial Services, Inc. | Level 3 | 100,000 | 100,000 | 100,000 |
| Financial Services, Inc. | Level 4 | 100,000 | 100,000 | 100,000 |
| Financial Services, Inc. | Level 5 | 100,000 | 100,000 | 100,000 |
| Financial Services, Inc. | Level 6 | 100,000 | 100,000 | 100,000 |
| Financial Services, Inc. | Level 7 | 100,000 | 100,000 | 100,000 |
| Financial Services, Inc. | Level 8 | 100,000 | 100,000 | 100,000 |
| Financial Services, Inc. | Level 9 | 100,000 | 100,000 | 100,000 |
| Financial Services, Inc. | Level 10 | 100,000 | 100,000 | 100,000 |

20 | Quarterly Schedule of Investments | See Rules in Schedule of Investments

SCHEDULE OF INVESTMENTS (UNLIMITED)

Franklin Growth Fund (continued)

FRANKLIN CUSTOMAN FUNDS

| Unfunded Funds & Services 0.5% | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |
| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |
| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 |  |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |
| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |
| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

| Unfunded Funds & Services (FUNDED) | United States | 1,000,000 | 100,000,000 |
| --- | --- | --- | --- |

See Notes to Subsidies of Investments Quarterly Schedule of Investments

1

1

SCHEDULE OF INVESTMENTS [UNAUDITED]

# **Francisco Growth Fund (continued)**

| SCHEDULE OF INVESTMENTS [UNAUDITED] | QUANTITY | PRICE | TOTAL |
| --- | --- | --- | --- |
| Total Investment Funds (Net of all funds) | 10,000,000 | 129,000,000 | 129,000,000 |
| Total Investment Funds (Net of all funds) | 10,000,000 | 129,000,000 | 129,000,000 |
| Total Investment Funds (Net of all funds) | 10,000,000 | 129,000,000 | 129,000,000 |
| Total Investment Funds (Net of all funds) | 10,000,000 | 129,000,000 | 129,000,000 |
| Total Investment Funds (Net of all funds) | 10,000,000 | 129,000,000 | 129,000,000 |

<><td>Total Investment Funds (Cost of 29,941,928)</td><td>1,000,000</td><td>1,000,000</td></tr><tr><td>Total Investment Funds (Net of all funds)</td><td>10,000,000</td><td>1,000,000</td><td>1,000,000</td></tr><tr><td>Total Investment Funds (Net of all funds)</td><td>10,000,000</td><td>1,000,000</td><td>1,000,000</td></tr><tr><td>Total Investment Funds (Net of all funds)</td><td>10,000,000</td><td>1,000,000</td><td>1,000,000</td></tr></table><tr><td>Total Investment Funds (Cost of 50,146,040,772)</td><td>1,000,000</td><td>1,000,000</td><td>1,000,000</td></tr></table>

22 | Quarterly Schedule of Investments | See Rules in Schedule of Investments

# Franklin Income Fund

FRANKLIN CUSTOMAN FUNDS

| First Quarter 2013 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- | --- |
| First Quarter 2014 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2015 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2016 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2017 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2018 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2019 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2020 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2021 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2022 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2023 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2024 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2025 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2026 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2027 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2028 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2029 | Unrealized | 1,000,000.00 | 1,000,000.00 |
| First Quarter 2030 | Unrealized | 1,000,000.00 | 1,000,000.00 |

See Notes to Subsidiaries of Investments. 1 Quarterly Schedule of Investments. 12

SCHEDULE OF INVESTMENTS [UNAUDITED]

# **Fracts for Income Fund (continued)**

| Income Fund (continued) | Description | 2016/05/01 | 2015/05/01 |
| --- | --- | --- | --- |
| General Fund (2016) | General Fund | 2,000,000 | 2,000,000 |
| General Fund (2015) | General Fund | 1,000,000 | 1,000,000 |
| General Fund (2014) | General Fund | 1,000,000 | 1,000,000 |
| General Fund (2013) | General Fund | 1,000,000 | 1,000,000 |
| General Fund (2012) | General Fund | 1,000,000 | 1,000,000 |
| General Fund (2011) | General Fund | 1,000,000 | 1,000,000 |
| General Fund (2010) | General Fund | 1,000,000 | 1,000,000 |
| General Fund (2009) | General Fund | 1,000,000 | 1,000,000 |
| General Fund (2008) | General Fund | 1,000,000 | 1,000,000 |
| General Fund (2007) | General Fund | 1,000,000 | 1,000,000 |
| General Fund (2006) | General Fund | 1,000,000 | 1,000,000 |
| General Fund (2005) | General Fund | 1,000,000 | 1,000,000 |

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

SCHEDULE OF INVESTMENTS (UNLIMITED)

# Franklin Income Fund (continued)

FRANKLIN CUSTOMAN FUNDS

| Interest Fee Marks & Services 3.5% | Current | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |
| Interest Expense & Distribution 3.5% | Interest Expense | 2,000,000 | 2,000,000 |
| Interest Expense 3.5% | Interest Expense | 2,000,000 | 2,000,000 |
| Interest Expense 3.5% | Interest Expense | 2,000,000 | 2,000,000 |
| Interest Expense 3.5% | Interest Expense | 2,000,000 | 2,000,000 |
| Interest Expense 3.5% | Interest Expense | 2,000,000 |  |
| Interest Expense 3.5% | Interest Expense | 2,000,000 |  |
| Interest Expense 3.5% | Interest Expense | 2,000,000 |  |
| Interest Expense 3.5% | Interest Expense | 2,000,000 |  |
| Interest Expense 3.5% | Interest Expense | 2,000,000 |  |

See Notes to Schedules of Investments. 1 Quarterly Schedule of Investments.

1

SCHEDULE OF INVESTMENTS [OBLIGATED]

# **Fracts to Income Event (continued)**

| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

20 | Quarterly Schedule of Investments | See Rules to Schedule of Investments

SCHEDULE OF INVESTMENTS (UNAGENTED)

Franklin Income Fund (continued)

FRANKLIN CUSTOMAN FUNDS

| 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |  |
| 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 |  |  |
| 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |  |  |
| 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |  |  |
| 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 |  |  |

See Notes to Schedules of Investments. Quarterly Schedule of Investments

17

SCHEDULE OF INVESTMENTS [UNAUDITED]

Fractile Income Fund (continued)[{"box_2d": [22, 72, 486, 131], "label": "table", "caption": "

| Trade Investment (Tobacco) (Tobacco) Corp. (Tbc), 1444, 10% 8/28/23 | United States | Principal Account | 2,000,000,000 |
| --- | --- | --- | --- |
| Delaware & Co. | Country |  | 1,210,000,000,000 |
| United States Tobacco & Tobacco Inc. (Tbc) Inc. Salesforce, Inc., 1444, 8% |  |  |  |
| Delaware & Co. (Tbc) Inc. Salesforce, Inc., 1444, 8% | United States | $10,000 | (10,000,000,000) |
| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. | United States | $10,000 | $10,000,000,000 |
| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) | United States | $10,000 | $10,000,000,000 |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) | United States | $10,000 | $10,000,000,000 |
| --- | --- | --- | --- |
| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) | United States | $10,000 | $10,000,000,000 |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) |
| --- |

| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. (Tbc) Inc. ( |
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| Delaware & Co. (Tbc) Inc. (Tbc) Inc. ( |
| --- |

<table><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable><tr><td>Delaware &amp; Co. (Tbc) Inc. (Tbc) Inc. (</td></tr></tabletabletable

20

Quality, Schedule of Investments (See Rules to Schedule of Investments)

20

20

Quality, Schedule of Investments (See Rules to Schedule of Investments)

20

20

Quality, Schedule of Investments (See Rules to Schedule of Investments)[{"box_2d": [22, 506, 33, 513 "label": "text", "caption": "20"}]

20

Quality, Schedule of Investments (See Rules to Schedule of Investments)[{"box_2d": [22, 506, 33, 513 "label": "text", "caption": "20"}]

20

20

Quality, Schedule of Investments (See Rules to Schedule of Investments)

20

20

Quality, Schedule of Investments (See Rules to Schedule of Investments)

20

20[{"box_2d": [61, 464, 260, 472

SCHEDULE OF INVESTMENTS (UNLIMITED)

Franklin Income Fund (continued)

FRANKLIN CUSTOMAN FUNDS[{"box_2d": [40, 72, 486, 133], "label": "table", "caption": "

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |
| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |
| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |
| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

| Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7, 8, 9, 10) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |

<table><tr><td>Shareholders' Equity (Cont. 2, 3, 4, 5, 6, 7,

SCHEDULE OF INVESTMENTS [UNLIMITED]

# **Franklin Income Fund (continued)**

| Financial Statements | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| Financial Statements | 1,000,000 | 1,000,000 |
| Financial Statements | 1,000,000 | 1,000,000 |
| Financial Statements | 1,000,000 | 1,000,000 |
| Financial Statements | 1,000,000 | 1,000,000 |

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

SCHEDULE OF INVESTMENTS (UNLIMITED)

# **Franklin Income Fund (continued)**

# FRANKLIN CUSTOMAN FUNDS

| Shares | Description | Amount |
| --- | --- | --- |
| 1 | Shares | 1,000,000.00 |
| 2 | Shares | 1,000,000.00 |
| 3 | Shares | 1,000,000.00 |
| 4 | Shares | 1,000,000.00 |
| 5 | Shares | 1,000,000.00 |
| 6 | Shares | 1,000,000.00 |
| 7 | Shares | 1,000,000.00 |
| 8 | Shares | 1,000,000.00 |
| 9 | Shares | 1,000,000.00 |
| 10 | Shares | 1,000,000.00 |

See Notes to Schedules of Investments. 2 Quarterly Schedule of Investments 25

SCHEDULE OF INVESTMENTS [UNAUDITED]

# **Fracts to Income Event (continued)**

| 2018 | 2017 | 2016 | 2015 |
| --- | --- | --- | --- |
| 2017 | 2016 | 2015 | 2014 |
| 2016 | 2015 | 2014 | 2013 |
| 2015 | 2014 | 2013 | 2012 |
| 2014 | 2013 | 2012 | 2011 |
| 2013 | 2012 | 2011 | 2010 |
| 2012 | 2011 | 2010 | 2009 |
| 2011 | 2010 | 2009 | 2008 |
| 2010 | 2009 | 2008 | 2007 |
| 2009 | 2008 | 2007 | 2006 |
| 2008 | 2007 | 2006 | 2005 |
| 2007 | 2006 | 2005 | 2004 |
| 2006 | 2005 | 2004 | 2003 |
| 2005 | 2004 | 2003 | 2002 |
| 2004 | 2003 | 2002 | 2001 |
| 2003 | 2002 | 2001 | 2000 |
| 2002 | 2001 | 2000 | 1.0 |

22 | Quarterly Schedule of Investments | See Rules to Schedule of Investments

SCHEDULE OF INVESTMENTS (UNADJUSTED)

# Franklin Income Fund (continued)

# FRANKLIN CUSTOMER FUNDS

| Fund | Value | Actual | Budget |
| --- | --- | --- | --- |
| Franklin Investment Fund | $1,000,000 | $1,000,000 | $1,000,000 |
| Franklin Investment Fund | $1,000,000 | $1,000,000 | $1,000,000 |
| Franklin Investment Fund | $1,000,000 | $1,000,000 | $1,000,000 |
| Franklin Investment Fund | $1,000,000 | $1,000,000 | $1,000,000 |

See Notes to Schedules of Investments. Quarterly Schedule of Investments 23

SCHEDULE OF INVESTMENTS [COLLECTED]

# **Franklin Income Fund [continued]**

| 1. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |
| 2. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 3. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 4. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 5. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 6. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 7. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 8. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 9. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 10. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 11. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 12. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 13. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |
| 14. Financial Services (1,000,000,000) | 1,000,000 | 1,000,000 | 1,000,000 |

26 | Quarterly Schedule of Investments | See Rules in Schedule of Investments

SCHEDULE OF INVESTMENTS (UNADJUSTED)

# **Franklin Income Fund (continued)**

# FRANKLIN CUSTOMAN FUNDS

| Description | Value | Percentage |
| --- | --- | --- |
| Financial Statements and Statements (Continued from Table 1) |  |  |
| Financial Statements and Statements (Continued from Table 2) |  |  |
| Financial Statements and Statements (Continued from Table 3) |  |  |
| Financial Statements and Statements (Continued from Table 4) |  |  |
| Financial Statements and Statements (Continued from Table 5) |  |  |
| Financial Statements and Statements (Continued from Table 6) |  |  |
| Financial Statements and Statements (Continued from Table 7) |  |  |
| Financial Statements and Statements (Continued from Table 8) |  |  |
| Financial Statements and Statements (Continued from Table 9) |  |  |

See Notes to Schedules of Investments. 2 Quarterly Schedule of Investments 29

SCHEDULE OF INVESTMENTS (UNAUDITED)

# Franklin Income Fund (continued)

| 1. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| --- | --- | --- | --- |
| 2. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 3. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 4. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 5. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 6. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 7. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 8. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 9. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 10. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 11. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 12. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 13. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 14. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 15. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 16. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 17. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 18. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 19. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |
| 20. All Investments (1st & 2nd) (1st & 2nd) | United States | 1,000,000 | 1,000,000 |

26 | Quarterly Schedule of Investments | See Rules in Schedule of Investments

SCHEDULE OF INVESTMENTS (UNADJUSTED)

# Franklin Income Fund (continued)

# FRANKLIN CUSTOMAN FUNDS

| Description | Principal | 2021-2022 | 2021-2022 |
| --- | --- | --- | --- |
| Financial Statements |  |  |  |
| Financial Statements |  |  |  |
| Financial Statements |  |  |  |
| Financial Statements |  |  |  |
| Financial Statements |  |  |  |

See Notes to Schedules of Investments. 2 Quarterly Schedule of Investments 27

SCHEDULE OF INVESTMENTS (UNAUDITED)

# **Franklin Income Fund (continued)**

| Fund | Issued | 2010 | 2009 |
| --- | --- | --- | --- |
| 1. Financial Services | 1,000,000 | 1,000,000 | 1,000,000 |
| 2. Financial Services | 1,000,000 | 1,000,000 | 1,000,000 |
| 3. Financial Services | 1,000,000 | 1,000,000 | 1,000,000 |
| 4. Financial Services | 1,000,000 | 1,000,000 | 1,000,000 |
| 5. Financial Services | 1,000,000 | 1,000,000 | 1,000,000 |
| 6. Financial Services | 1,000,000 | 1,000,000 | 1,000,000 |
| 7. Financial Services | 1,000,000 | 1,000,000 | 1,000,000 |
| 8. Financial Services | 1,000,000 | 1,000,000 | 1,000,000 |
| 9. Financial Services | 1,000,000 | 1,000,000 | 1,000,000 |
| 10. Financial Services | 1,000,000 | 1,000,000 | 1,000,000 |

28 | Quarterly Schedule of Investments | See Rules to Schedule of Investments

SCHEDULE OF INVESTMENTS (UNLIMITED)

# Franklin Income Fund (continued)

# FRANKLIN CUSTOMER FUNDS

| 1. First National Bank of New York, NY, 1961 | 1,000,000 | 100,000,000 | 100,000,000 |
| --- | --- | --- | --- |
| 2. First National Bank of New York, NY, 1961 | 1,000,000 | 100,000,000 | 100,000,000 |
| 3. First National Bank of New York, NY, 1961 | 1,000,000 | 100,000,000 | 100,000,000 |
| 4. First National Bank of New York, NY, 1961 | 1,000,000 | 100,000,000 | 100,000,000 |
| 5. First National Bank of New York, NY, 1961 | 1,000,000 | 100,000,000 | 100,000,000 |
| 6. First National Bank of New York, NY, 1961 | 1,000,000 | 100,000,000 | 100,000,000 |
| 7. First National Bank of New York, NY, 1961 | 1,000,000 | 100,000,000 | 100,000,000 |
| 8. First National Bank of New York, NY, 1961 | 1,000,000 | 100,000,000 | 100,000,000 |
| 9. First National Bank of New York, NY, 1961 | 1,000,000 | 100,000,000 | 100,000,000 |
| 10. First National Bank of New York, NY, 1961 | 1,000,000 | 100,000,000 | 100,000,000 |

See Notes to Schedules of Investments. 1 Quarterly Schedule of Investments. 29

SCHEDULE OF INVESTMENTS [COLLECTED]

# **Fracts to Income Fund [continued]**

| 1. The following items are included in the following items: | Current | Proposed | 2014 |
| --- | --- | --- | --- |
| 2. The following items are included in the following items: | Current | Proposed | 2014 |
| 3. The following items are included in the following items: | Current | Proposed | 2014 |
| 4. The following items are included in the following items: | Current | Proposed | 2014 |
| 5. The following items are included in the following items: | Current | Proposed | 2014 |
| 6. The following items are included in the following items: | Current | Proposed | 2014 |
| 7. The following items are included in the following items: | Current | Proposed | 2014 |
| 8. The following items are included in the following items: | Current | Proposed | 2014 |
| 9. The following items are included in the following items: | Current | Proposed | 2014 |
| 10. The following items are included in the following items: | Current | Proposed | 2014 |

20 | Quarterly Schedule of Investments | See Rules in Schedule of Investments

SCHEDULE OF INVESTMENTS (UNADJUSTED)

# Franklin Income Fund (continued)

FRANKLIN CUSTOMER FUNDS

| 1. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| --- | --- | --- |
| 2. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 3. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 4. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 5. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 6. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 7. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 8. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 9. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 10. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 11. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 12. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 13. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 14. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 15. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 16. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 17. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 18. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 19. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |
| 20. $10,000,000.00 | 1,000,000.00 | 1,000,000.00 |

See Notes to Schedules of Investments. 5 Quarterly Schedule of Investments.

6

SCHEDULE OF INVESTMENTS [UNAUDITED]

# Franklin Income Fund (continued)

| Full Name | Full Name | Full Name | Full Name |
| --- | --- | --- | --- |
| John R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. | John R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. | John R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. R. |  |

20 | Quarterly Schedule of Investments | See Rules to Schedule of Investments

SCHEDULE OF INVESTMENTS (UNLIMITED)

# Franklin Income Fund (continued)

# FRANKLIN CUSTOMAN FUNDS

| Franklin International Bank, Inc. | 1.00 | 1.00 | 1.00 |
| --- | --- | --- | --- |
| Franklin International Bank, Inc. | 1.00 | 1.00 | 1.00 |
| Franklin International Bank, Inc. | 1.00 | 1.00 | 1.00 |
| Franklin International Bank, Inc. | 1.00 | 1.00 | 1.00 |
| Franklin International Bank, Inc. | 1.00 | 1.00 | 1.00 |

See Notes to Schedules of Investments. 2 Quarterly Schedule of Investments 33

SCHEDULE OF INVESTMENTS [OBLIGATED]

# Franklin Income Fund [continued]

| 1. The Bank of Franklin, Inc. (1984) | 1,000,000.00 | 100,000,000.00 |
| --- | --- | --- |
| 2. The Bank of Franklin, Inc. (1985) | 1,000,000.00 | 100,000,000.00 |
| 3. The Bank of Franklin, Inc. (1986) | 1,000,000.00 | 100,000,000.00 |
| 4. The Bank of Franklin, Inc. (1987) | 1,000,000.00 | 100,000,000.00 |
| 5. The Bank of Franklin, Inc. (1988) | 1,000,000.00 | 100,000,000.00 |
| 6. The Bank of Franklin, Inc. (1989) | 1,000,000.00 | 100,000,000.00 |
| 7. The Bank of Franklin, Inc. (1990) | 1,000,000.00 | 100,000,000.00 |
| 8. The Bank of Franklin, Inc. (1991) | 1,000,000.00 | 100,000,000.00 |
| 9. The Bank of Franklin, Inc. (1992) | 1,000,000.00 | 100,000,000.00 |
| 10. The Bank of Franklin, Inc. (1993) | 1,000,000.00 | 100,000,000.00 |
| 11. The Bank of Franklin, Inc. (1994) | 1,000,000.00 | 100,000,000.00 |
| 12. The Bank of Franklin, Inc. (1995) | 1,000,000.00 | 100,000,000.00 |
| 13. The Bank of Franklin, Inc. (1996) | 1,000,000.00 | 100,000,000.00 |
| 14. The Bank of Franklin, Inc. (1997) | 1,000,000.00 | 100,000,000.00 |
| 15. The Bank of Franklin, Inc. (1998) | 1,000,000.00 | 100,000,000.00 |
| 16. The Bank of Franklin, Inc. (1999) | 1,000,000.00 | 100,000,000.00 |

32 | Quarterly Schedule of Investments | See Rules in Schedule of Investments

See Information on page 37

Franklin U.S. Government Securities Fund

FRANKLIN CUSTOMER FUNDS

U.S. Government Securities Fund

The U.S. Government Securities Fund is a member of the United States Government. The U.S. Government Securities Fund is a member of the United States Government. The U.S. Government Securities Fund is a member of the United States Government. The U.S. Government Securities Fund is a member of the United States Government.

See Notes to Schedules of Investments Quarterly Schedule of Investments

38

SCHEDULE OF INVESTMENTS [UNAUDITED]

# **Franklin U.S. Government Securities Fund (continued)**[{"box_2d": [21, 73, 484, 130], "label": "table", "caption": "

| Investment Segment | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

| Projected | Projected | Projected |
| --- | --- | --- |
| Investment Segment Wages | 2,000,000 | 2,000,000 |
| Investment Segment Wages (Cost $217,500,000) | 2,000,000 | 2,000,000 |

<table><thead><tr><th>Projected</th><th>Projected</th><th>Projected</th></tr></thead><tr><td>Investment Segment Wages</td><td

# Franklin Utilities Fund

FRANKLIN CUSTOMER FUNDS[{"box_2d": [36, 71, 483, 133], "label": "table", "caption": "

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

| Total Funds from Investments (Cost $1,428,884,100) | Current | Total |
| --- | --- | --- |
| Franklin Utilities Fund (1,428,884,100) - $1,428,884,100 | 1,428,884,100 | 1,428,884,100 |

<table><thead><tr><th>Total Funds from Investments (Cost $1,

SCHEDULE OF INVESTMENTS [UNAUDITED]

# **Franklin Utilities Fund [BUREAU]**[{"box_2d": [21, 73, 484, 130], "label": "table", "caption": "

| Project Name | Project Type | Project Type | Project Type |
| --- | --- | --- | --- |
| Franklin Utilities Fund | Investment | Investment | Investment |
| Franklin Utilities Fund | Investment | Investment | Investment |
| Franklin Utilities Fund | Investment | Investment | Investment |
| Franklin Utilities Fund | Investment | Investment | Investment |
| Franklin Utilities Fund | Investment | Investment | Investment |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |
| Franklin Utilities Fund | Investment | Investment | Investment |
| Franklin Utilities Fund | Investment | Investment | Investment |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |
| Franklin Utilities Fund | Investment | Investment | Investment |
| Franklin Utilities Fund | Investment | Investment | Investment |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |
| Franklin Utilities Fund | Investment | Investment | Investment |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |
| Franklin Utilities Fund | Investment | Investment | Investment |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |
| Franklin Utilities Fund | Investment | Investment | Investment |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |
| Franklin Utilities Fund | Investment | Investment | Investment |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |
| Franklin Utilities Fund | Investment | Investment | Investment |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

| Franklin Utilities Fund | Investment | Investment | Investment |
| --- | --- | --- | --- |

<table><tr><td>Franklin Utilities Fund

FRANKLIN CUSTOMER TIMES

On the 10th day of March, 2016, 10:00 a.m. - United Kingdom
On the 10th day of March, 2016, 10:00 a.m. - United States
On the 10th day of March, 2016, 10:00 a.m. - United States
On the 10th day of March, 2016, 10:00 a.m. - United States
On the 10th day of March, 2016, 10:00 a.m. - United States
On the 10th day of March, 2016, 10:00 a.m. - United States
On the 10th day of March, 2016, 10:00 a.m. - United States

Quarterly Schedule of Investments 29

NOTES TO SCHEDULES OF INVESTMENTS (UNLISTED)

FRANKLIN CUSTOMER FUNDS

| Southern Co. (The) | United States | 4,130,000 | 2,756,000 |
| --- | --- | --- | --- |
| United States of America, Inc. (the) | United States | 10,185,000 | 20,117,000 |
| United States of America, Inc. (the) | United States | 10,185,000 | 20,117,000 |
| United States of America, Inc. (the) | United States | 10,185,000 | 20,117,000 |
| United States of America, Inc. (the) | United States | 10,185,000 |  |
| United States of America, Inc. (the) | United States | 10,185,000 |  |
| United States of America, Inc. (the) | United States | 10,185,000 |  |
| United States of America, Inc. (the) | United States | 10,185,000 |  |
| United States of America, Inc. (the) |  |  |  |

60 Quarterly Schedules of Investments

NOTES TO SCHEDULES OF INVESTMENTS (UNASSETED)

FRANKLIN CUSTOMERS TIMES

154,270,813 96,961,000,000 750

Mortgage Bonds (Funds) & Non-Funds (Funds) Products 1.5%  
The following is a report of the Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's  
The Company's

Quarterly Schedule of Investments 20

NOTES TO SCHEDULES OF INVESTMENTS (UNQUOTES)

# FRANKLIN CUSTOMS FUNDS

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following rules: (35) The Funds' policy is subject to the following rules: (36) The Funds' policy is subject to the following rules: (37) The Funds' policy is subject to the following rules: (38) The Funds' policy is subject to the following rules: (39) The Funds' policy is subject to the following rules: (40) The Funds' policy is subject to the following rules: (41) The Funds' policy is subject to the following rules: (42) The Funds' policy is subject to the following rules: (43) The Funds' policy is subject to the following rules: (44) The Funds' policy is subject to the following rules: (45) The Funds' policy is subject to the following rules: (46) The Funds' policy is subject to the following rules: (47) The Funds' policy is subject to the following rules: (48) The Funds' policy is subject to the following rules: (49) The Funds' policy is subject to the following rules: (50) The Funds' policy is subject to the following rules: (51) The Funds' policy is subject to the following rules: (52) The Funds' policy is subject to the following rules: (53) The Funds' policy is subject to the following rules: (54) The Funds' policy is subject to the following rules: (55) The Funds' policy is subject to the following rules: (56) The Funds' policy is subject to the following rules: (57) The Funds' policy is subject to the following rules: (58) The Funds' policy is subject to the following rules: (59) The Funds' policy is subject to the following rules: (60) The Funds' policy is subject to the following rules: (61) The Funds' policy is subject to the following rules: (62) The Funds' policy is subject to the following rules: (63) The Funds' policy is subject to the following rules: (64) The Funds' policy is subject to the following rules: (65) The Funds' policy is subject to the following rules: (66) The Funds' policy is subject to the following rules: (67) The Funds' policy is subject to the following rules: (68) The Funds' policy is subject to the following rules: (69) The Funds' policy is subject to the following rules: (70) The Funds' policy is subject to the following rules: (71) The Funds' policy is subject to the following rules: (72) The Funds' policy is subject to the following rules: (73) The Funds' policy is subject to the following rules: (74) The Funds' policy is subject to the following rules: (75) The Funds' policy is subject to the following rules: (76) The Funds' policy is subject to the following rules: (77) The Funds' policy is subject to the following rules: (78) The Funds' policy is subject to the following rules: (79) The Funds' policy is subject to the following rules: (80) The Funds' policy is subject to the following rules: (81) The Funds' policy is subject to the following rules: (82) The Funds' policy is subject to the following rules: (83) The Funds' policy is subject to the following rules: (84) The Funds' policy is subject to the following rules: (85) The Funds' policy is subject to the following rules: (86) The Funds' policy is subject to the following rules: (87) The Funds' policy is subject to the following rules: (88) The Funds' policy is subject to the following rules: (89) The Funds' policy is subject to the following rules: (90) The Funds' policy is subject to the following rules: (91) The Funds' policy is subject to the following rules: (92) The Funds' policy is subject to the following rules: (93) The Funds' policy is subject to the following rules: (94) The Funds' policy is subject to the following rules: (95) The Funds' policy is subject to the following rules: (96) The Funds' policy is subject to the following rules: (97) The Funds' policy is subject to the following rules: (98) The Funds' policy is subject to the following rules: (99) The Funds' policy is subject to the following rules: (100)

20 | Quarterly Schedules of Investments

NOTES TO SCHEDULES OF INVESTMENTS (UNADJUSTED)

FRANKLIN CUSTOMER FORMS

Public Service Enterprise Group, Inc.

United States

7,250,000

134,784,000

The following documents to determine fair value, in instances where a certain market at least 50%, the pricing is based on the following: (1) The company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share of the company's share

Quarterly Schedule of Investments

1

22

NOTES TO SCHEDULES OF INVESTMENTS (UNQUOTES)

# FRANKLIN CUSTODIAN FUNDS

Funding: (1) The Funded by the Government Investment Companies
2. The Funded by the Government Investment Companies is a member of the Funded by the Government Investment Companies. The Funded by the Government Investment Companies is a member of the Funded by the Government Investment Companies. The Funded by the Government Investment Companies is a member of the Funded by the Government Investment Companies. The Funded by the Government Investment Companies is a member of the Funded by the Government Investment Companies.

32 | Quarterly Schedules of Investments

NOTES TO SCHEDULES OF INVESTMENTS (UNLIMITED)

COUNCIL IN CUSTOMAN FUNDS

COMMONWEALTH OF MASSACHUSETTS

The following information is provided for the use of the United States, and is not to be used in any way to the United States. The United States is not to be used in any way to the United States.

Quarterly Schedule of Investments

1

25

# NOTES TO SCHEDULED OR INVESTMENTS (UNLISTED)

# FRANKLIN CUSTOMAN FUNDS

| DESCRIPTION | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | 90 | 91 | 92 | 93 | 94 | 95 | 96 | 97 | 98 | 99 | 100 | 101 | 102 | 103 | 104 | 105 | 106 | 107 | 108 | 109 | 110 | 111 | 112 | 113 | 114 | 115 | 116 | 117 | 118 | 119 | 120 | 121 | 122 | 123 | 124 | 125 | 126 | 127 | 128 | 129 | 130 | 131 | 132 | 133 | 134 | 135 | 136 | 137 | 138 | 139 | 140 | 141 | 142 | 143 | 144 | 145 | 146 | 147 | 148 | 149 | 150 | 151 | 152 | 153 | 154 | 155 | 156 | 157 | 158 | 159 | 160 | 161 | 162 | 163 | 164 | 165 | 166 | 167 | 168 | 169 | 170 | 171 | 172 | 173 | 174 | 175 | 176 | 177 | 178 | 179 | 180 | 181 | 182 | 183 | 184 | 185 | 186 | 187 | 188 | 189 | 190 | 191 | 192 | 193 | 194 | 195 | 196 | 197 | 198 | 199 | 200 | 201 | 202 | 203 | 204 | 205 | 206 | 207 | 208 | 209 | 210 | 211 | 212 | 213 | 214 | 215 | 216 | 217 | 218 | 219 | 220 | 221 | 222 | 223 | 224 | 225 | 226 | 227 | 228 | 229 | 230 | 231 | 232 | 233 | 234 | 235 | 236 | 237 | 238 | 239 | 240 | 241 | 242 | 243 | 244 | 245 | 246 | 247 | 248 | 249 | 250 | 251 | 252 | 253 | 254 | 255 | 256 | 257 | 258 | 259 | 260 | 261 | 262 | 263 | 264 | 265 | 266 | 267 | 268 | 269 | 270 | 271 | 272 | 273 | 274 | 275 | 276 | 277 | 278 | 279 | 280 | 281 | 282 | 283 | 284 | 285 | 286 | 287 | 288 | 289 | 290 | 291 | 292 | 293 | 294 | 295 | 296 | 297 | 298 | 299 | 300 | 301 | 302 | 303 | 304 | 305 | 306 | 307 | 308 | 309 | 310 | 311 | 312 | 313 | 314 | 315 | 316 | 317 | 318 | 319 | 320 | 321 | 322 | 323 | 324 | 325 | 326 | 327 | 328 | 329 | 330 | 331 | 332 | 333 | 334 | 335 | 336 | 337 | 338 | 339 | 340 | 341 | 342 | 343 | 344 | 345 | 346 | 347 | 348 | 349 | 350 | 351 | 352 | 353 | 354 | 355 | 356 | 357 | 358 | 359 | 360 | 361 | 362 | 363 | 364 | 365 | 366 | 367 | 368 | 369 | 370 | 371 | 372 | 373 | 374 | 375 | 376 | 377 | 378 | 379 | 380 | 381 | 382 | 383 | 384 | 385 | 386 | 387 | 388 | 389 | 390 | 391 | 392 | 393 | 394 | 395 | 396 | 397 | 398 | 399 | 400 | 401 | 402 | 403 | 404 | 405 | 406 | 407 | 408 | 409 | 410 | 411 | 412 | 413 | 414 | 415 | 416 | 417 | 418 | 419 | 420 | 421 | 422 | 423 | 424 | 425 | 426 | 427 | 428 | 429 | 430 | 431 | 432 | 433 | 434 | 435 | 436 | 437 | 438 | 439 | 440 | 441 | 442 | 443 | 444 | 445 | 446 | 447 | 448 | 449 | 450 | 451 | 452 | 453 | 454 | 455 | 456 | 457 | 458 | 459 | 460 | 461 | 462 | 463 | 464 | 465 | 466 | 467 | 468 | 469 | 470 | 471 | 472 | 473 | 474 | 475 | 476 | 477 | 478 | 479 | 480 | 481 | 482 | 483 | 484 | 485 | 486 | 487 | 488 | 489 | 490 | 491 | 492 | 493 | 494 | 495 | 496 | 497 | 498 | 499 | 500 | 501 | 502 | 503 | 504 | 505 | 506 | 507 | 508 | 509 | 510 | 511 | 512 | 513 | 514 | 515 | 516 | 517 | 518 | 519 | 520 | 521 | 522 | 523 | 524 | 525 | 526 | 527 | 528 | 529 | 530 | 531 | 532 | 533 | 534 | 535 | 536 | 537 | 538 | 539 | 540 | 541 | 542 | 543 | 544 | 545 | 546 | 547 | 548 | 549 | 550 | 551 | 552 | 553 | 554 | 555 | 556 | 557 | 558 | 559 | 560 | 561 | 562 | 563 | 564 | 565 | 566 | 567 | 568 | 569 | 570 | 571 | 572 | 573 | 574 | 575 | 576 | 577 | 578 | 579 | 580 | 581 | 582 | 583 | 584 | 585 | 586 | 587 | 588 | 589 | 590 | 591 | 592 | 593 | 594 | 595 | 596 | 597 | 598 | 599 | 600 | 601 | 602 | 603 | 604 | 605 | 606 | 607 | 608 | 609 | 610 | 611 | 612 | 613 | 614 | 615 | 616 | 617 | 618 | 619 | 620 | 621 | 622 | 623 | 624 | 625 | 626 | 627 | 628 | 629 | 630 | 631 | 632 | 633 | 634 | 635 | 636 | 637 | 638 | 639 | 640 | 641 | 642 | 643 | 644 | 645 | 646 | 647 | 648 | 649 | 650 | 651 | 652 | 653 | 654 | 655 | 656 | 657 | 658 | 659 | 660 | 661 | 662 | 663 | 664 | 665 | 666 | 667 | 668 | 669 | 670 | 671 | 672 | 673 | 674 | 675 | 676 | 677 | 678 | 679 | 680 | 681 | 682 | 683 | 684 | 685 | 686 | 687 | 688 | 689 | 690 | 691 | 692 | 693 | 694 | 695 | 696 | 697 | 698 | 699 | 700 | 701 | 702 | 703 | 704 | 705 | 706 | 707 | 708 | 709 | 710 | 711 | 712 | 713 | 714 | 715 | 716 | 717 | 718 | 719 | 720 | 721 | 722 | 723 | 724 | 725 | 726 | 727 | 728 | 729 | 730 | 731 | 732 | 733 | 734 | 735 | 736 | 737 | 738 | 739 | 740 | 741 | 742 | 743 | 744 | 745 | 746 | 747 | 748 | 749 | 750 | 751 | 752 | 753 | 754 | 755 | 756 | 757 | 758 | 759 | 760 | 761 | 762 | 763 | 764 | 765 | 766 | 767 | 768 | 769 | 770 | 771 | 772 | 773 | 774 | 775 | 776 | 777 | 778 | 779 | 780 | 781 | 782 | 783 | 784 | 785 | 786 | 787 | 788 | 789 | 790 | 791 | 792 | 793 | 794 | 795 | 796 | 797 | 798 | 799 | 800 | 801 | 802 | 803 | 804 | 805 | 806 | 807 | 808 | 809 | 810 | 811 | 812 | 813 | 814 | 815 | 816 | 817 | 818 | 819 | 820 | 821 | 822 | 823 | 824 | 825 | 826 | 827 | 828 | 829 | 830 | 831 | 832 | 833 | 834 | 835 | 836 | 837 | 838 | 839 | 840 | 841 | 842 | 843 | 844 | 845 | 846 | 847 | 848 | 849 | 850 | 851 | 852 | 853 | 854 | 855 | 856 | 857 | 858 | 859 | 860 | 861 | 862 | 863 | 864 | 865 | 866 | 867 | 868 | 869 | 870 | 871 | 872 | 873 | 874 | 875 | 876 | 877 | 878 | 879 | 880 | 881 | 882 | 883 | 884 | 885 | 886 | 887 | 888 | 889 | 890 | 891 | 892 | 893 | 894 | 895 | 896 | 897 | 898 | 899 | 900 | 901 | 902 | 903 | 904 | 905 | 906 | 907 | 908 | 909 | 910 | 911 | 912 | 913 | 914 | 915 | 916 | 917 | 918 | 919 | 920 | 921 | 922 | 923 | 924 | 925 | 926 | 927 | 928 | 929 | 930 | 931 | 932 | 933 | 934 | 935 | 936 | 937 | 938 | 939 | 940 | 941 | 942 | 943 | 944 | 945 | 946 | 947 | 948 | 949 | 950 | 951 | 952 | 953 | 954 | 955 | 956 | 957 | 958 | 959 | 960 | 961 | 962 | 963 | 964 | 965 | 966 | 967 | 968 | 969 | 970 | 971 | 972 | 973 | 974 | 975 | 976 | 977 | 978 | 979 | 980 | 981 | 982 | 983 | 984 | 985 | 986 | 987 | 988 | 989 | 990 | 991 | 992 | 993 | 994 | 995 | 996 | 997 | 998 | 999 | 1000 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |

00 Quarterly Schedules of Investments

NOTES TO SCHEDULES OF INVESTMENTS (UNVENTING)

# FRANKLIN CUSTOMAN FUNDS

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |

annual shareholder report.

Quarterly Schedule of Investments 47

For additional information on the Funds' significant accounting policies, please refer to the Funds' most recent semiannual or

Assets: 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2. 2

| 1. 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2014年1月1日 | 2 |

| of the following: 1. 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033, 2034, 2035, 2036, 2037, 2038, 2039, 2040, 2041, 2042, 2043, 2044, 2045, 2046, 2047, 2048, 2049, 2050, 2051, 2052, 2053, 2054, 2055, 2056, 2057, 2058, 2059, 2060, 2061, 2062, 2063, 2064, 2065, 2066, 2067, 2068, 2069, 2070, 2071, 2072, 2073, 2074, 2075, 2076, 2077, 2078, 2079, 2080, 2081, 2082, 2083, 2084, 2085, 2086, 2087, 2088, 2089, 2090, 2091, 2092, 2093, 2094, 2095, 2096, 2097, 2098, 2099, 2100, 2101, 2102, 2103, 2104, 2105, 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118, 2119, 2120, 2121, 2122, 2123, 2124, 2125, 2126, 2127, 2128, 2129, 2130, 2131, 2132, 2133, 2134, 2135, 2136, 2137, 2138, 2139, 2140, 2141, 2142, 2143, 2144, 2145, 2146, 2147, 2148, 2149, 2150, 2151, 2152, 2153, 2154, 2155, 2156, 2157, 2158, 2159, 2160, 2161, 2162, 2163, 2164, 2165, 2166, 2167, 2168, 2169, 2170, 2171, 2172, 2173, 2174, 2175, 2176, 2177, 2178, 2179, 2180, 2181, 2182, 2183, 2184, 2185, 2186, 2187, 2188, 2189, 2190, 2191, 2192, 2193, 2194, 2195, 2196, 2197, 2198, 2199, 2200, 2201, 2202, 2203, 2204, 2205, 2206, 2207, 2208, 2209, 2210, 2211, 2212, 2213, 2214, 2215, 2216, 2217, 2218, 2219, 2220, 2221, 2222, 2223, 2224, 2225, 2226, 2227, 2228, 2229, 2230, 2231, 2232, 2233, 2234, 2235, 2236, 2237, 2238, 2239, 2240, 2241, 2242, 2243, 2244, 2245, 2246, 2247, 2248, 2249, 2250, 2251, 2252, 2253, 2254, 2255, 2256, 2257, 2258, 2259, 2260, 2261, 2262, 2263, 2264, 2265, 2266, 2267, 2268, 2269, 2270, 2271, 2272, 2273, 2274, 2275, 2276, 2277, 2278, 2279, 2280, 2281, 2282, 2283, 2284, 2285, 2286, 2287, 2288, 2289, 2290, 2291, 2292, 2293, 2294, 2295, 2296, 2297, 2298, 2299, 2300, 2301, 2302, 2303, 2304, 2305, 2306, 2307, 2308, 2309, 2310, 2311, 2312, 2313, 2314, 2315, 2316, 2317, 2318, 2319, 2320, 2321, 2322, 2323, 2324, 2325, 2326, 2327, 2328, 2329, 2330, 2331, 2332, 2333, 2334, 2335, 2336, 2337, 2338, 2339, 2340, 2341, 2342, 2343, 2344, 2345, 2346, 2347, 2348, 2349, 2350, 2351, 2352, 2353, 2354, 2355, 2356, 2357, 2358, 2359, 2360, 2361, 2362, 2363, 2364, 2365, 2366, 2367, 2368, 2369, 2370, 2371, 2372, 2373, 2374, 2375, 2376, 2377, 2378, 2379, 2380, 2381, 2382, 2383, 2384, 2385, 2386, 2387, 2388, 2389, 2390, 2391, 2392, 2393, 2394, 2395, 2396, 2397, 2398, 2399, 2400, 2401, 2402, 2403, 2404, 2405, 2406, 2407, 2408, 2409, 2410, 2411, 2412, 2413, 2414, 2415, 2416, 2417, 2418, 2419, 2420, 2421, 2422, 2423, 2424, 2425, 2426, 2427, 2428, 2429, 2430, 2431, 2432, 2433, 2434, 2435, 2436, 2437, 2438, 2439, 2440, 2441, 2442, 2443, 2444, 2445, 2446, 2447, 2448, 2449, 2450, 2451, 2452, 2453, 2454, 2455, 2456, 2457, 2458, 2459, 2460, 2461, 2462, 2463, 2464, 2465, 2466, 2467, 2468, 2469, 2470, 2471, 2472, 2473, 2474, 2475, 2476, 2477, 2478, 2479, 2480, 2481, 2482, 2483, 2484, 2485, 2486, 2487, 2488, 2489, 2490, 2491, 2492, 2493, 2494, 2495, 2496, 2497, 2498, 2499, 2500, 2501, 2502, 2503, 2504, 2505, 2506, 2507, 2508, 2509, 2510, 2511, 2512, 2513, 2514, 2515, 2516, 2517, 2518, 2519, 2520, 2521, 2522, 2523, 2524, 2525, 2526, 2527, 2528, 2529, 2530, 2531, 2532, 2533, 2534, 2535, 2536, 2537, 2538, 2539, 2540, 2541, 2542, 2543, 2544, 2545, 2546, 2547, 2548, 2549, 2550, 2551, 2552, 2553, 2554, 2555, 2556, 2557, 2558, 2559, 2560, 2561, 2562, 2563, 2564, 2565, 2566, 2567, 2568, 2569, 2570, 2571, 2572, 2573, 2574, 2575, 2576, 2577, 2578, 2579, 2580, 2581, 2582, 2583, 2584, 2585, 2586, 2587, 2588, 2589, 2590, 2591, 2592, 2593, 2594, 2595, 2596, 2597, 2598, 2599, 2600, 2601, 2602, 2603, 2604, 2605, 2606, 2607, 2608, 2609, 2610, 2611, 2612, 2613, 2614, 2615, 2616, 2617, 2618, 2619, 2620, 2621, 2622, 2623, 2624, 2625, 2626, 2627, 2628, 2629, 2630, 2631, 2632, 2633, 2634, 2635, 2636, 2637, 2638, 2639, 2640, 2641, 2642, 2643, 2644, 2645, 2646, 2647, 2648, 2649, 2650, 2651, 2652, 2653, 2654, 2655, 2656, 2657, 2658, 2659, 2660, 2661, 2662, 2663, 2664, 2665, 2666, 2667, 2668, 2669, 2670, 2671, 2672, 2673, 2674, 2675, 2676, 2677, 2678, 2679, 2680, 2681, 2682, 2683, 2684, 2685, 2686, 2687, 2688, 2689, 2690, 2691, 2692, 2693, 2694, 2695, 2696, 2697, 2698, 2699, 2700, 2701, 2702, 2703, 2704, 2705, 2706, 2707, 2708, 2709, 2710, 2711, 2712, 2713, 2714, 2715, 2716, 2717, 2718, 2719, 2720, 2721, 2722, 2723, 2724, 2725, 2726, 2727, 2728, 2729, 2730, 2731, 2732, 2733, 2734, 2735, 2736, 2737, 2738, 2739, 2740, 2741, 2742, 2743, 2744, 2745, 2746, 2747, 2748, 2749, 2750, 2751, 2752, 2753, 2754, 2755, 2756, 2757, 2758, 2759, 2760, 2761, 2762, 2763, 2764, 2765, 2766, 2767, 2768, 2769, 2770, 2771, 2772, 2773, 2774, 2775, 2776, 2777, 2778, 2779, 2780, 2781, 2782, 2783, 2784, 2785, 2786, 2787, 2788, 2789, 2790, 2791, 2792, 2793, 2794, 2795, 2796, 2797, 2798, 2799, 2800, 2801, 2802, 2803, 2804, 2805, 2806, 2807, 2808, 2809, 2810, 2811, 2812, 2813, 2814, 2815, 2816, 2817, 2818, 2819, 2820, 2821, 2822, 2823, 2824, 2825, 2826, 2827, 2828, 2829, 2830, 2831, 2832, 2833, 2834, 2835, 2836, 2837, 2838, 2839, 2840, 2841, 2842, 2843, 2844, 2845, 2846, 2847, 2848, 2849, 2850, 2851, 2852, 2853, 2854, 2855, 2856, 2857, 2858, 2859, 2860, 2861, 2862, 2863, 2864, 2865, 2866, 2867, 2868, 2869, 2870, 2871, 2872, 2873, 2874, 2875, 2876, 2877, 2878, 2879, 2880, 2881, 2882, 2883, 2884, 2885, 2886, 2887, 2888, 2889, 2890, 2891, 2892, 2893, 2894, 2895, 2896, 2897, 2898, 2899, 2900, 2901, 2902, 2903, 2904, 2905, 2906, 2907, 2908, 2909, 2910, 2911, 2912, 2913, 2914, 2915, 2916, 2917, 2918, 2919, 2920, 2921, 2922, 2923, 2924, 2925, 2926, 2927, 2928, 2929, 2930, 2931, 2932, 2933, 2934, 2935, 2936, 2937, 2938, 2939, 2940, 2941, 2942, 2943, 2944, 2945, 2946, 2947, 2948, 2949, 2950, 2951, 2952, 2953, 2954, 2955, 2956, 2957, 2958, 2959, 2960, 2961, 2962, 2963, 2964, 2965, 2966, 2967, 2968, 2969, 2970, 2971, 2972, 2973, 2974, 2975, 2976, 2977, 2978, 2979, 2980, 2981, 2982, 2983, 2984, 2985, 2986, 2987, 2988, 2989, 2990, 2991, 2992, 2993, 2994, 2995, 2996, 2997, 2998, 2999, 3000 |
| --- |

| FUNDAMENTAL STATEMENTS |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Account | Accounting & Delivery | 833,816,786 | - | - | 833,816,786 | - | - | - | - |
| Account | Accounting & Delivery | 280,780,000 | - | - | 280,780,000 | - | - | - | - |
| Account | Accounting & Delivery | 80,688,600 | 15,852,012 | - | - | - | - | 15,852,012 | - |
| Account | Accounting & Delivery | 1,040,622,000 | 2,704,873,275 | - | - | - | - | 2,704,873,275 | - |
| Account | Accounting & Delivery | 280,780,000 | - | - | 280,780,000 | - | - | - | - |
| Account | Accounting & Delivery | 80,688,600 | 15,852,012 | - | - | - | - | 15,852,012 | - |
| Account | Accounting & Delivery | 1,040,622,000 | 2,704,873,275 | - | - | - | - | 2,704,873,275 | - |
| Account | Accounting & Delivery | 280,780,000 | - | - | 280,780,000 | - | - | - | - |
| Account | Accounting & Delivery | 80,688,600 | 15,852,012 | - | - | - | - | 15,852,012 | - |

Funds: 1,040,622,000

| Bank | Community Banking | 482,108,000 | - | - | 482,108,000 |
| --- | --- | --- | --- | --- | --- |
| Asset | Investment in Investment Oversight Financing Rate |  |  |  |  |
| Common Stocks |  |  |  |  |  |
| Construction & Engineering |  | 133,496,000 | - | - | 133,496,000 |
| Diversified Telecommunication Services |  | - | 57,885,126 | - | 57,885,126 |
| Electric Utilities |  | 4,061,427,065 | - | - | 4,061,427,065 |
| Gas Utilities |  | 112,176,000 | - | - | 112,176,000 |
| Independent Power and Renewable Electricity |  |  |  |  |  |

## 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 Custodian Funds

- **b. Investment Company Act file number:** 811-00537

- **c. CIK number of Registrant:** 0000038721

- **d. LEI of Registrant:** 549300PYEMTLTOE2MK86

- **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 Income Fund

- **b. EDGAR series identifier (if any):** S000006756

- **c. LEI of Series:** 2I64NSETYA60QJ4H0C97

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $70696738476.66

**Total Liabilities:** $536956515.39

**Net Assets:** $70159781961.27

**Delayed Delivery Securities:** $217500000.00

**Cash Not Reported:** $67501379.87

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -5732.12000000 | **1-Year:** -703899.82000000 | **5-Year:** -4293734.44000000 | **10-Year:** -6358552.51000000 | **30-Year:** -435038.92000000

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

- **3-Month:** -19472.72000000 | **1-Year:** -836197.91000000 | **5-Year:** -5733846.92000000 | **10-Year:** -2345012.44000000 | **30-Year:** -5147.43000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018334 | 3.78%                | 5.05%                | -1.54%               |
| Class ID C000199719 | 4.20%                | 4.51%                | -1.50%               |
| Class ID C000128787 | 4.26%                | 5.02%                | -1.47%               |
| Class ID C000018333 | 4.27%                | 5.03%                | -1.48%               |
| Class ID C000018332 | 4.09%                | 4.84%                | -1.50%               |
| Class ID C000018329 | 3.73%                | 4.98%                | -1.48%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-793206769.41           | $3413428232.33                             |
| Month 2  | $192037747.43            | $2633821705.20                             |
| Month 3  | $1066393269.55           | $-1426783795.34                            |

**Designated Index Information**

- **Index Name:** Custom Blend: 50% US High Div Yield + 25% High Yield Very Liquid + 25% US Agg Index

- **Index Identifier:** HB10288

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.                                  | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.                                  | CUSIP: 983130AV7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  370000000 | PA      | $352020205.20  | 0.50%             | 2025-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                     | Broadcom, Inc.                                                                     | CUSIP: 11135FBH3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  100000000 | PA      | $78995414.00   | 0.11%             | 2031-02-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                     | Broadcom, Inc.                                                                     | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $17971963.00   | 0.03%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                                           | Energizer Holdings, Inc.                                                           | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $16993143.00   | 0.02%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UBS AG into Citigroup, Inc.                                                        | UBS AG into Citigroup, Inc.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    5007000 | NS      | $228616881.17  | 0.33%             | 2023-07-19      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corp.                                                                     | DISH DBS Corp.                                                                     | CUSIP: 25470XAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  255000000 | PA      | $237479941.95  | 0.34%             | 2024-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Brinker International, Inc.                                                        | Brinker International, Inc.                                                        | CUSIP: 109641AH3<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $28963218.90   | 0.04%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                                                       | Fiserv, Inc.                                                                       | CUSIP: 337738AR9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   52000000 | PA      | $49292420.32   | 0.07%             | 2028-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CVR Partners LP / CVR Nitrogen Finance Corp.                                       | CVR Partners LP / CVR Nitrogen Finance Corp.                                       | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   31500000 | PA      | $28299857.36   | 0.04%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| General Motors Co.                                                                 | General Motors Co.                                                                 | CUSIP: 37045VAS9<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $23992402.00   | 0.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shell plc                                                                          | Shell plc                                                                          | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    4000000 | NS      | $227800000.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co.                                                                   | Weyerhaeuser Co.                                                                   | CUSIP: 962166CA0<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              | CORP              | US        |   42300000 | PA      | $35473906.45   | 0.05%             | 2033-03-09      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CITGO Petroleum Corp.                                                              | CITGO Petroleum Corp.                                                              | CUSIP: 17302XAM8<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $28958859.30   | 0.04%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                         | Occidental Petroleum Corp.                                                         | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $30333438.90   | 0.04%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Salesforce, Inc.                                                                   | CUSIP: 00PA19XS4<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-1940000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | AbbVie, Inc.                                                                       | CUSIP: 00PA0W2K5<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-1390000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                          | Ford Motor Credit Co. LLC                                                          | CUSIP: 345397XL2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  149650000 | PA      | $140400181.39  | 0.20%             | 2025-08-04      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CITGO Petroleum Corp.                                                              | CITGO Petroleum Corp.                                                              | CUSIP: 17302XAK2<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   33224000 | PA      | $32482440.32   | 0.05%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                          | Ford Motor Credit Co. LLC                                                          | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   32000000 | PA      | $28985050.88   | 0.04%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp.                                      | CCO Holdings LLC / CCO Holdings Capital Corp.                                      | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   80000000 | PA      | $72815600.00   | 0.10%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                   | Boeing Co. (The)                                                                   | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   79000000 | PA      | $69414019.92   | 0.10%             | 2031-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma plc                                                                 | Royalty Pharma plc                                                                 | CUSIP: 78081BAN3<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   25800000 | PA      | $19572886.97   | 0.03%             | 2031-09-02      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Lockheed Martin Corp.                                                              | CUSIP: 00P7XDNA7<br>LEI: N/A                  | N/A              | DE               |  | US        |      -5000 | NC      | $-125000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                           | Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                           | CUSIP: 03969AAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  168000000 | PA      | $125886126.24  | 0.18%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                                                  | Exxon Mobil Corp.                                                                  | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    6672500 | NS      | $735976750.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BP Capital Markets America, Inc.                                                   | BP Capital Markets America, Inc.                                                   | CUSIP: 10373QAE0<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   28705000 | PA      | $27870459.54   | 0.04%             | 2028-11-06      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| Walmart, Inc.                                                                      | Walmart, Inc.                                                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     500000 | NS      | $70895000.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                                                         | Occidental Petroleum Corp.                                                         | CUSIP: 674599EE1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $29940000.00   | 0.04%             | 2025-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                 | General Motors Financial Co., Inc.                                                 | CUSIP: 37045XDH6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $29496590.20   | 0.04%             | 2028-04-10      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Autodesk, Inc.                                                                     | Autodesk, Inc.                                                                     | CUSIP: 052769AG1<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $17240504.00   | 0.02%             | 2030-01-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                    | TransDigm, Inc.                                                                    | CUSIP: 893647BB2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  102500000 | PA      | $99877512.90   | 0.14%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                           | Celanese US Holdings LLC                                                           | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $19758617.00   | 0.03%             | 2027-07-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Union Pacific Corp.                                                                | CUSIP: 00PA1E7F0<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-3200000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | Dominion Energy, Inc.                                                              | CUSIP: 00C89EM07<br>LEI: N/A                  | N/A              | DE               |  | US        |      -5000 | NC      | $-460000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings, Inc.                                                                | Post Holdings, Inc.                                                                | CUSIP: 737446AP9<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   10000000 | PA      | $9070000.00    | 0.01%             | 2029-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International & Co. CV into Analog Devices, Inc.                     | Merrill Lynch International & Co. CV into Analog Devices, Inc.                     | CUSIP: 59027C850<br>LEI: AHYI0DDQ2LCHPGHJC422 | Long             | SN               | CORP              | CW        |    1551000 | NS      | $249463589.46  | 0.36%             | 2023-04-04      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc into Texas Instruments, Inc.                                     | Barclays Bank plc into Texas Instruments, Inc.                                     | CUSIP: 74970BAA4<br>LEI: N/A                  | Long             | SN               | MUN               | US        |    1600000 | NS      | $261292873.63  | 0.37%             | 2023-10-10      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Home Depot, Inc. (The)                                                             | CUSIP: 00PA14FP1<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-4900000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG into Charles Schwab Corp. (The)                                             | UBS AG into Charles Schwab Corp. (The)                                             | CUSIP: 90278V479<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | SN               | CORP              | CH        |    3567000 | NS      | $256013947.82  | 0.36%             | 2023-06-16      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Olin Corp.                                                                         | Olin Corp.                                                                         | CUSIP: 680665AM8<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $42466304.00   | 0.06%             | 2025-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                                                  | American Electric Power Co., Inc.                                                  | CUSIP: 02557T307<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EP               | CORP              | US        |    1500000 | NS      | $77370000.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC | Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   90000000 | PA      | $88792459.20   | 0.13%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| HP, Inc.                                                                           | HP, Inc.                                                                           | CUSIP: 40434LAK1<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |  150309000 | PA      | $137512416.23  | 0.20%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PG&E Corp.                                                                         | PG&E Corp.                                                                         | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    5000000 | NS      | $81300000.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                                                   | Amazon.com, Inc.                                                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    1500000 | NS      | $126000000.00  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                                                                       | Fiserv, Inc.                                                                       | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $36122190.40   | 0.05%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc. into Alphabet, Inc.                        | Citigroup Global Markets Holdings, Inc. into Alphabet, Inc.                        | CUSIP: 17330M478<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     115000 | NS      | $210765436.91  | 0.30%             | 2023-06-22      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                                 | Crown Castle, Inc.                                                                 | CUSIP: 22822VAR2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   74583000 | PA      | $65420871.50   | 0.09%             | 2030-07-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                  | Wells Fargo & Co.                                                                  | CUSIP: 95000U2L6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $18795672.60   | 0.03%             | 2031-04-04      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                 | General Motors Financial Co., Inc.                                                 | CUSIP: 37045XDV5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   69000000 | PA      | $61941540.12   | 0.09%             | 2029-04-06      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                                          | HCA, Inc.                                                                          | CUSIP: 404119BN8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  114800000 | PA      | $114195115.36  | 0.16%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp.                                                               | Carrier Global Corp.                                                               | CUSIP: 14448CAQ7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |   98200000 | PA      | $82890967.63   | 0.12%             | 2030-02-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Shea Homes LP / Shea Homes Funding Corp.                                           | Shea Homes LP / Shea Homes Funding Corp.                                           | CUSIP: 82088KAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   42345000 | PA      | $35673333.53   | 0.05%             | 2029-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Dominion Energy, Inc.                                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -5000 | NC      | $-575000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                                                           | UnitedHealth Group, Inc.                                                           | CUSIP: 91324PER9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  125000000 | PA      | $129373057.50  | 0.18%             | 2033-02-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Barrick Gold Corp.                                                                 | Barrick Gold Corp.                                                                 | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    3000000 | NS      | $51540000.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | Exxon Mobil Corp.                                                                  | CUSIP: 00CA7H852<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-2550000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Corpus Christi Holdings LLC                                               | Cheniere Corpus Christi Holdings LLC                                               | CUSIP: 16412XAG0<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |   51542000 | PA      | $51003977.29   | 0.07%             | 2027-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                           | Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                           | CUSIP: 03969AAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   27440000 | PA      | $20561400.62   | 0.03%             | 2027-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                         | Occidental Petroleum Corp.                                                         | CUSIP: 674599EC5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   60000000 | PA      | $60660812.40   | 0.09%             | 2028-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series S                                                                     | CUSIP: 313586752<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |    4000000 | NS      | $9360000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle, Inc.                                                                 | Crown Castle, Inc.                                                                 | CUSIP: 22822VAW1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   33500000 | PA      | $26483585.13   | 0.04%             | 2031-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| 1375209 BC Ltd.                                                                    | 1375209 BC Ltd.                                                                    | CUSIP: 68251PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  477060000 | PA      | $466922475.00  | 0.67%             | 2028-01-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Huntsman International LLC                                                         | Huntsman International LLC                                                         | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $22502232.75   | 0.03%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc. into Home Depot, Inc. (The)                | Citigroup Global Markets Holdings, Inc. into Home Depot, Inc. (The)                | CUSIP: 17330X409<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     811000 | NS      | $253511901.65  | 0.36%             | 2024-06-12      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada into JPMorgan Chase & Co.                                  | National Bank of Canada into JPMorgan Chase & Co.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    2643000 | NS      | $326752878.42  | 0.47%             | 2023-08-16      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                    | Goldman Sachs Group, Inc. (The)                                                    | CUSIP: 38141GXJ8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   73000000 | PA      | $70262024.77   | 0.10%             | 2025-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| General Motors Co.                                                                 | General Motors Co.                                                                 | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $32614549.45   | 0.05%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                                           | Bausch Health Cos., Inc.                                                           | CUSIP: 91911KAN2<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |  219000000 | PA      | $186495286.35  | 0.27%             | 2025-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| APX Group, Inc.                                                                    | APX Group, Inc.                                                                    | CUSIP: 00213MAV6<br>LEI: 549300OMQVKPRU98OE64 | Long             | DBT              | CORP              | US        |  111000000 | PA      | $107015100.00  | 0.15%             | 2027-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Woodside Finance Ltd.                                                              | Woodside Finance Ltd.                                                              | CUSIP: 980236AQ6<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |  100000000 | PA      | $93949075.00   | 0.13%             | 2029-03-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Aramark Services, Inc.                                                             | Aramark Services, Inc.                                                             | CUSIP: 038522AQ1<br>LEI: 42YMHYH0XMHJEXDUB065 | Long             | DBT              | CORP              | US        |   31000000 | PA      | $28984070.00   | 0.04%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                          | Vistra Operations Co. LLC                                                          | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   45000000 | PA      | $43427128.50   | 0.06%             | 2026-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp.                                                              | OneMain Finance Corp.                                                              | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   26000000 | PA      | $23987080.00   | 0.03%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corp.                                                                     | DISH DBS Corp.                                                                     | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   90000000 | PA      | $75978900.00   | 0.11%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                                        | Intel Corp.                                                                        | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    4525000 | NS      | $119595750.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc / Tyco Fire & Security Finance SCA              | Johnson Controls International plc / Tyco Fire & Security Finance SCA              | CUSIP: 47837RAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   10000000 | PA      | $7921170.70    | 0.01%             | 2031-09-16      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                                                     | Univision Communications, Inc.                                                     | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   70000000 | PA      | $67685450.00   | 0.10%             | 2027-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                                           | Bausch Health Cos., Inc.                                                           | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |  815000000 | PA      | $639648365.30  | 0.91%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| BP plc                                                                             | BP plc                                                                             | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    3500000 | NS      | $122255000.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                                                                   | CVS Health Corp.                                                                   | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  125000000 | PA      | $121138350.00  | 0.17%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                               | American Tower Corp.                                                               | CUSIP: 03027XBW9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $44728948.50   | 0.06%             | 2032-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: —       |
| Penn Entertainment, Inc.                                                           | Penn Entertainment, Inc.                                                           | CUSIP: 707569AS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   20000000 | PA      | $18166400.00   | 0.03%             | 2027-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                          | Ford Motor Credit Co. LLC                                                          | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  100000000 | PA      | $90780000.00   | 0.13%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CFP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 1000000000 | PA      | $999375000.00  | 1.42%             | 2025-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International Bank into NextEra Energy Partners LP                   | Goldman Sachs International Bank into NextEra Energy Partners LP                   | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |    3850000 | NS      | $188610509.70  | 0.27%             | 2023-07-05      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Utah Acquisition Sub, Inc.                                                         | Utah Acquisition Sub, Inc.                                                         | CUSIP: 62854AAN4<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |  150500000 | PA      | $140882527.77  | 0.20%             | 2026-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Sprint LLC                                                                         | Sprint LLC                                                                         | CUSIP: 85207UAF2<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |  187350000 | PA      | $190382447.10  | 0.27%             | 2023-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                               | Clear Channel Outdoor Holdings, Inc.                                               | CUSIP: 18453HAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   65000000 | PA      | $56462250.00   | 0.08%             | 2027-08-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GSK Consumer Healthcare Capital US LLC                                             | GSK Consumer Healthcare Capital US LLC                                             | CUSIP: 36264FAM3<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   65043000 | PA      | $57281649.06   | 0.08%             | 2032-03-24      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower LLC / Prime Finance, Inc.                         | Prime Security Services Borrower LLC / Prime Finance, Inc.                         | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   61589000 | PA      | $53259679.00   | 0.08%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                      | Netflix, Inc.                                                                      | CUSIP: 64110LAN6<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |  100000000 | PA      | $96422000.00   | 0.14%             | 2026-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TK Elevator US Newco, Inc.                                                         | TK Elevator U.S. Newco, Inc.                                                       | CUSIP: 92537RAA7<br>LEI: 549300C2AFWPAYWS5574 | Long             | DBT              | CORP              | US        |   43000000 | PA      | $38252800.00   | 0.05%             | 2027-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Microsoft Corp.                                                                    | CUSIP: 00P7XEV81<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-1440000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 1250000000 | PA      | $1152343750.00 | 1.64%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                               | JPMorgan Chase & Co., Series Q                                                     | CUSIP: 48124BAC9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   60700000 | PA      | $59334250.00   | 0.08%             | 2023-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| Dornoch Debt Merger Sub, Inc.                                                      | Dornoch Debt Merger Sub, Inc.                                                      | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   95000000 | PA      | $66766582.35   | 0.10%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Multiplan Corp.                                                                    | Multiplan Corp.                                                                    | CUSIP: 17144CAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  185000000 | PA      | $118862500.00  | 0.17%             | 2027-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FMG Resources August 2006 Pty. Ltd.                                                | FMG Resources August 2006 Pty. Ltd.                                                | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   42000000 | PA      | $39184845.84   | 0.06%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                      | Centene Corp.                                                                      | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   37645000 | PA      | $35388867.77   | 0.05%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                        | Capital One Financial Corp.                                                        | CUSIP: 14040HBW4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   47300000 | PA      | $44293713.22   | 0.06%             | 2028-01-31      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada into General Motors Co.                                       | Royal Bank of Canada into General Motors Co.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    4900000 | NS      | $167701219.68  | 0.24%             | 2023-03-17      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                   | Boeing Co. (The)                                                                   | CUSIP: 097023CU7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  180000000 | PA      | $178301385.00  | 0.25%             | 2027-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                                                   | Goodyear Tire & Rubber Co. (The)                                                   | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |  130000000 | PA      | $108608448.00  | 0.15%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Entegris Escrow Corp.                                                              | Entegris Escrow Corp., Escrow Account                                              | CUSIP: 29365BAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   46369000 | PA      | $42379054.20   | 0.06%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CommScope Technologies LLC                                                         | CommScope Technologies LLC                                                         | CUSIP: 20337YAA5<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |  434000000 | PA      | $395834040.00  | 0.56%             | 2025-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International & Co. CV into Broadcom, Inc.                           | Merrill Lynch International & Co. CV into Broadcom, Inc.                           | CUSIP: 59027E138<br>LEI: AHYI0DDQ2LCHPGHJC422 | Long             | SN               | CORP              | CW        |     500000 | NS      | $256699639.11  | 0.37%             | 2023-12-05      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                               | American Tower Corp.                                                               | CUSIP: 03027XAU4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $18478592.60   | 0.03%             | 2029-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                                               | Meta Platforms, Inc.                                                               | CUSIP: 30303M8H8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   65000000 | PA      | $57382401.05   | 0.08%             | 2032-08-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CommScope, Inc.                                                                    | CommScope, Inc.                                                                    | CUSIP: 20338QAD5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |  225085000 | PA      | $208192370.75  | 0.30%             | 2026-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Condor Merger Sub, Inc.                                                            | Condor Merger Sub, Inc.                                                            | CUSIP: 579063AB4<br>LEI: 254900SAGUYT3MBUU161 | Long             | DBT              | CORP              | US        |   72875000 | PA      | $58723833.71   | 0.08%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International & Co. CV into Union Pacific Corp.                      | Merrill Lynch International & Co. CV into Union Pacific Corp.                      | CUSIP: 59027E104<br>LEI: AHYI0DDQ2LCHPGHJC422 | Long             | SN               | CORP              | CW        |    1240000 | NS      | $253916579.16  | 0.36%             | 2023-11-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                   | Boeing Co. (The)                                                                   | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   60000000 | PA      | $54592156.80   | 0.08%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                                            | Volkswagen Group of America Finance LLC                                            | CUSIP: 928668BL5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   97000000 | PA      | $86570905.32   | 0.12%             | 2025-11-24      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                                    | Citigroup, Inc.                                                                    | CUSIP: 172967LS8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $31991657.95   | 0.05%             | 2028-10-27      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                         | Occidental Petroleum Corp.                                                         | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $41425400.00   | 0.06%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                               | JPMorgan Chase & Co., Series S                                                     | CUSIP: 46625HJQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   65000000 | PA      | $64789725.00   | 0.09%             | 2024-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Edison International                                                               | Edison International                                                               | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    5000000 | NS      | $318100000.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines, Inc. / SkyMiles IP Ltd.                                           | Delta Air Lines, Inc. / SkyMiles IP Ltd.                                           | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  145000000 | PA      | $136518881.85  | 0.19%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                                  | Johnson & Johnson                                                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    3500000 | NS      | $618275000.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp.                                                                     | Carnival Corp.                                                                     | CUSIP: 143658BG6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   10000000 | PA      | $10064150.00   | 0.01%             | 2026-02-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                     | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $36785117.60   | 0.05%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                    | Goldman Sachs Group, Inc. (The)                                                    | CUSIP: 38141GXG4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   36250000 | PA      | $30330797.68   | 0.04%             | 2030-02-07      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Ford Motor Co.                                                                     | CUSIP: 00CA45KU2<br>LEI: N/A                  | N/A              | DE               |  | US        |     -25000 | NC      | $-300000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHS/Community Health Systems, Inc.                                                 | CHS/Community Health Systems, Inc.                                                 | CUSIP: 12543DBG4<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  295500000 | PA      | $253917240.00  | 0.36%             | 2027-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                                                        | Amgen, Inc.                                                                        | CUSIP: 031162CU2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $21092063.25   | 0.03%             | 2030-02-21      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Calumet Specialty Products Partners LP / Calumet Finance Corp.                     | Calumet Specialty Products Partners LP / Calumet Finance Corp.                     | CUSIP: 131477AT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  260000000 | PA      | $271397958.00  | 0.39%             | 2025-04-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Carrier Global Corp.                                                               | Carrier Global Corp.                                                               | CUSIP: 14448CAL8<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |   22500000 | PA      | $18624651.30   | 0.03%             | 2031-02-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems, Inc.                                                 | CHS/Community Health Systems, Inc.                                                 | CUSIP: 12543DBC3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  478065000 | PA      | $436234312.50  | 0.62%             | 2026-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Pfizer, Inc.                                                                       | Pfizer, Inc.                                                                       | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    4000000 | NS      | $204960000.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Calpine Corp.                                                                      | Calpine Corp.                                                                      | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |  115000000 | PA      | $102847697.00  | 0.15%             | 2028-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                   | NRG Energy, Inc.                                                                   | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   18075000 | PA      | $16995922.50   | 0.02%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                                    | Citigroup, Inc.                                                                    | CUSIP: 172967NA5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $17371791.80   | 0.02%             | 2027-06-09      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                           | PNC Financial Services Group, Inc. (The)                                           | CUSIP: 693475BJ3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   70000000 | PA      | $73102531.60   | 0.10%             | 2033-10-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp.                                                                 | Vertiv Group Corp.                                                                 | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |   20668000 | PA      | $17592188.24   | 0.03%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                          | Vistra Operations Co. LLC                                                          | CUSIP: 92840VAD4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $23992042.25   | 0.03%             | 2024-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| BellRing Brands, Inc.                                                              | BellRing Brands, Inc.                                                              | CUSIP: 07831CAA1<br>LEI: 549300S3BOK5CMTS8054 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $28905750.00   | 0.04%             | 2030-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chevron Corp.                                                                      | Chevron Corp.                                                                      | CUSIP: 166764BY5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   40000000 | PA      | $34370887.20   | 0.05%             | 2030-05-11      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| Ford Motor Co.                                                                     | Ford Motor Co.                                                                     | CUSIP: 345370CR9<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |  145000000 | PA      | $137828329.00  | 0.20%             | 2026-12-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: —       |
| Credit Suisse AG into Morgan Stanley                                               | Credit Suisse AG into Morgan Stanley                                               | CUSIP: 225510528<br>LEI: ANGGYXNX0JLX3X63JN86 | Long             | SN               | CORP              | CH        |    3240000 | NS      | $267430418.39  | 0.38%             | 2023-08-08      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Ford Motor Co.                                                                     | Ford Motor Co.                                                                     | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |  119000000 | PA      | $110108617.50  | 0.16%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems, Inc.                                                 | CHS/Community Health Systems, Inc.                                                 | CUSIP: 12543DBD1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  382000000 | PA      | $346356691.62  | 0.49%             | 2027-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                             | Tenet Healthcare Corp.                                                             | CUSIP: 88033GDL1<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   41000000 | PA      | $35593945.00   | 0.05%             | 2029-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV into Morgan Stanley                                        | BNP Paribas Issuance BV into Morgan Stanley                                        | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |    3050000 | NS      | $260086449.39  | 0.37%             | 2023-05-22      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Corpus Christi Holdings LLC                                               | Cheniere Corpus Christi Holdings LLC                                               | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |  107245000 | PA      | $97180900.77   | 0.14%             | 2029-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Bank of America Corp.                                                              | CUSIP: 00C82X170<br>LEI: N/A                  | N/A              | DE               |  | US        |     -20000 | NC      | $-60000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                                                                  | Lowe's Cos., Inc.                                                                  | CUSIP: 548661DR5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $18520949.60   | 0.03%             | 2029-04-05      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                                       | Barclays plc                                                                       | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   95000000 | PA      | $92037546.60   | 0.13%             | 2026-01-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                                    | Citigroup, Inc.                                                                    | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   60000000 | PA      | $62088447.00   | 0.09%             | 2033-11-17      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                | Medline Borrower LP                                                                | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  244500000 | PA      | $197493652.50  | 0.28%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                                       | Barclays plc                                                                       | CUSIP: 06738EBH7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   30000000 | PA      | $29107680.00   | 0.04%             | 2025-05-07      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| NXP BV / NXP Funding LLC / NXP USA, Inc.                                           | NXP BV / NXP Funding LLC / NXP USA, Inc.                                           | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   16200000 | PA      | $14035991.85   | 0.02%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                        | United Parcel Service, Inc., Class B                                               | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    1500000 | NS      | $260760000.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.                                  | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.                                  | CUSIP: 983130AX3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  146722000 | PA      | $132644151.75  | 0.19%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bombardier, Inc.                                                                   | Bombardier, Inc.                                                                   | CUSIP: 097751BM2<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   65000000 | PA      | $64504314.55   | 0.09%             | 2025-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                                                             | Cleveland-Cliffs, Inc.                                                             | CUSIP: 185899AL5<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $26533084.20   | 0.04%             | 2031-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| BNP Paribas Issuance BV into Bank of America Corp.                                 | BNP Paribas Issuance BV into Bank of America Corp.                                 | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |    8500000 | NS      | $279799370.76  | 0.40%             | 2023-07-13      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                       | Oracle Corp.                                                                       | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   44000000 | PA      | $37613837.80   | 0.05%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                    | TransDigm, Inc.                                                                    | CUSIP: 893647BE6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  180000000 | PA      | $177910200.00  | 0.25%             | 2026-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Carnival Corp.                                                                     | Carnival Corp.                                                                     | CUSIP: 143658BS0<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   55000000 | PA      | $44811287.40   | 0.06%             | 2030-06-01      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Bonds                                                                | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  600000000 | PA      | $536437500.00  | 0.76%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Quest Diagnostics, Inc.                                                            | Quest Diagnostics, Inc.                                                            | CUSIP: 74834LBB5<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |   58755000 | PA      | $50888841.82   | 0.07%             | 2030-06-30      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems, Inc.                                                 | CHS/Community Health Systems, Inc.                                                 | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  585000000 | PA      | $290776086.90  | 0.41%             | 2030-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | QUALCOMM, Inc.                                                                     | CUSIP: 00C7XGNE6<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-30000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHS/Community Health Systems, Inc.                                                 | CHS/Community Health Systems, Inc.                                                 | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  600000000 | PA      | $309499794.00  | 0.44%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                         | US Bancorp                                                                         | CUSIP: 91159HJJ0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   45000000 | PA      | $46861763.85   | 0.07%             | 2033-10-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                                                  | Philip Morris International, Inc.                                                  | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $25563956.00   | 0.04%             | 2032-11-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                                             | Home Depot, Inc. (The)                                                             | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     762000 | NS      | $240685320.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope Technologies LLC                                                         | CommScope Technologies LLC                                                         | CUSIP: 20338HAB9<br>LEI: M4TWC4QDOKW45N7T6Y12 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $34039079.00   | 0.05%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA into Las Vegas Sands Corp.                                     | Societe Generale SA into Las Vegas Sands Corp.                                     | CUSIP: 83370G623<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |    2843000 | NS      | $119873521.34  | 0.17%             | 2023-09-12      | Fixed         | 10.14%                | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corp.                                   | MPT Operating Partnership LP / MPT Finance Corp.                                   | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   55177000 | PA      | $37938247.98   | 0.05%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                                                              | Parker-Hannifin Corp.                                                              | CUSIP: 701094AN4<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |   43000000 | PA      | $38490042.18   | 0.05%             | 2029-06-14      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| Kinetik Holdings LP                                                                | Kinetik Holdings LP                                                                | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $46956650.00   | 0.07%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                   | Amazon.com, Inc.                                                                   | CUSIP: 023135CH7<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   67500000 | PA      | $61970368.28   | 0.09%             | 2032-04-13      | Fixed         | 3.60%                 | No            |                  2 | On Loan: —       |
| CSC Holdings LLC                                                                   | CSC Holdings LLC                                                                   | CUSIP: 126307AH0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   40026000 | PA      | $37324245.00   | 0.05%             | 2024-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                             | Mauser Packaging Solutions Holding Co.                                             | CUSIP: 12429TAE4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |  397500000 | PA      | $368393742.23  | 0.53%             | 2025-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HP, Inc.                                                                           | HP, Inc.                                                                           | CUSIP: 40434LAL9<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   48960000 | PA      | $42225689.09   | 0.06%             | 2032-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Calumet Specialty Products Partners LP / Calumet Finance Corp.                     | Calumet Specialty Products Partners LP / Calumet Finance Corp.                     | CUSIP: 131477AV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   95000000 | PA      | $88943750.00   | 0.13%             | 2027-01-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                     | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   30482000 | PA      | $23458613.73   | 0.03%             | 2032-07-21      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.                                       | Fidelity National Information Services, Inc.                                       | CUSIP: 31620MBY1<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $19324239.80   | 0.03%             | 2032-07-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA into Citigroup, Inc.                                           | Societe Generale SA into Citigroup, Inc.                                           | CUSIP: 83370G516<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |    4091000 | NS      | $186976002.39  | 0.27%             | 2023-03-10      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                                              | United Airlines, Inc.                                                              | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   96259000 | PA      | $83981231.93   | 0.12%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                                   | CSC Holdings LLC                                                                   | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  212900000 | PA      | $179054518.43  | 0.26%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 1250000000 | PA      | $1254687500.00 | 1.79%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP into Microchip Technology, Inc.                           | Mizuho Markets Cayman LP into Microchip Technology, Inc.                           | CUSIP: 6068FP877<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |    4200000 | NS      | $282257269.77  | 0.40%             | 2023-11-03      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Bath & Body Works, Inc.                                                            | Bath & Body Works, Inc.                                                            | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $44535000.00   | 0.06%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada into Cisco Systems, Inc.                                      | Royal Bank of Canada into Cisco Systems, Inc.                                      | CUSIP: 78015V266<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | SN               | CORP              | CA        |    5850000 | NS      | $277263134.52  | 0.40%             | 2023-09-11      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Textron, Inc.                                                                      | Textron, Inc.                                                                      | CUSIP: 883203CB5<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |   59049000 | PA      | $50316740.58   | 0.07%             | 2030-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                   | AutoNation, Inc.                                                                   | CUSIP: 05329RAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   32953000 | PA      | $26383223.33   | 0.04%             | 2032-03-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Gap, Inc. (The)                                                                    | Gap, Inc. (The)                                                                    | CUSIP: 364760AQ1<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |   31500000 | PA      | $22021178.13   | 0.03%             | 2031-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                   | AutoNation, Inc.                                                                   | CUSIP: 05329WAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   44000000 | PA      | $35174459.32   | 0.05%             | 2028-08-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                                           | Bausch Health Cos., Inc.                                                           | CUSIP: 071734107<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | EC               | CORP              | CA        |   15000000 | NS      | $94200000.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG into Fidelity National Information Services, Inc.                           | UBS AG into Fidelity National Information Services, Inc.                           | CUSIP: 90278V362<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | SN               | CORP              | CH        |    3200000 | NS      | $225395111.07  | 0.32%             | 2023-10-19      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                                                | Expedia Group, Inc.                                                                | CUSIP: 30212PAP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   57000000 | PA      | $52425299.70   | 0.07%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.              | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.              | CUSIP: 31556TAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  140000000 | PA      | $118654900.00  | 0.17%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada into Truist Financial Corp.                                | National Bank of Canada into Truist Financial Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | PH        |    5000000 | NS      | $219059509.10  | 0.31%             | 2023-10-10      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                                                              | Quanta Services, Inc.                                                              | CUSIP: 74762EAF9<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   89287000 | PA      | $73619332.42   | 0.10%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | U.S. Treasury 10 Year Notes                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      38000 | NC      | $-20160380.00  | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                                                                    | Citigroup, Inc.                                                                    | CUSIP: 172967KU4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   95000000 | PA      | $88600707.85   | 0.13%             | 2028-07-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada into NextEra Energy, Inc.                                  | National Bank of Canada into NextEra Energy, Inc.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    3300000 | NS      | $259456636.73  | 0.37%             | 2023-12-05      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                               | JPMorgan Chase & Co., Series R                                                     | CUSIP: 48126HAA8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   55000000 | PA      | $53933000.00   | 0.08%             | 2023-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| General Motors Co.                                                                 | General Motors Co.                                                                 | CUSIP: 37045VAP5<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |  105000000 | PA      | $90961566.15   | 0.13%             | 2038-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                              | Bank of America Corp., Series AA                                                   | CUSIP: 060505EN0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   70000000 | PA      | $67598650.00   | 0.10%             | 2025-03-17      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| United Rentals North America, Inc.                                                 | United Rentals North America, Inc.                                                 | CUSIP: 911365BN3<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   61623000 | PA      | $52784510.47   | 0.08%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fresenius Medical Care US Finance III, Inc.                                        | Fresenius Medical Care US Finance III, Inc.                                        | CUSIP: 35805BAB4<br>LEI: 5299006ZHLMXOOUVTU44 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $14710942.60   | 0.02%             | 2031-02-16      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| KeyBank NA                                                                         | KeyBank NA                                                                         | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $31019045.40   | 0.04%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.         | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd.         | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   90005800 | PA      | $89681945.84   | 0.13%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                 | General Motors Financial Co., Inc.                                                 | CUSIP: 37045XBT2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $38065262.40   | 0.05%             | 2027-01-17      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                                                | Iron Mountain, Inc.                                                                | CUSIP: 46284VAC5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   88500000 | PA      | $81528855.00   | 0.12%             | 2027-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Weatherford International Ltd.                                                     | Weatherford International Ltd.                                                     | CUSIP: 947075AT4<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   80000000 | PA      | $78539200.00   | 0.11%             | 2028-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                                                | Post Holdings, Inc.                                                                | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   55400000 | PA      | $46674807.47   | 0.07%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan, Inc.                                                             | Freeport-McMoRan, Inc.                                                             | CUSIP: 35671DAZ8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   62636000 | PA      | $62569655.32   | 0.09%             | 2023-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                    | Goldman Sachs Group, Inc. (The)                                                    | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $18668744.40   | 0.03%             | 2029-05-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                        | Caesars Entertainment, Inc.                                                        | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   85000000 | PA      | $69325575.00   | 0.10%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                     | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   81000000 | PA      | $63604310.40   | 0.09%             | 2032-10-20      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan, Inc.                                                             | Freeport-McMoRan, Inc.                                                             | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    6000000 | NS      | $228000000.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Financial Co., Inc.                                                 | General Motors Financial Co., Inc.                                                 | CUSIP: 37045XDW3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $48509922.00   | 0.07%             | 2027-04-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                                 | Southern Co. (The)                                                                 | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    9000000 | NS      | $642690000.00  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                                                             | Lincoln National Corp.                                                             | CUSIP: 534187BQ1<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |   20572000 | PA      | $16702591.95   | 0.02%             | 2032-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                                    | Citigroup, Inc.                                                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    6000000 | NS      | $271380000.00  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CHS/Community Health Systems, Inc.                                                 | CHS/Community Health Systems, Inc.                                                 | CUSIP: 12543DBE9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  565000000 | PA      | $273858325.00  | 0.39%             | 2028-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FMG Resources August 2006 Pty. Ltd.                                                | FMG Resources August 2006 Pty. Ltd.                                                | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   45000000 | PA      | $42032025.00   | 0.06%             | 2032-04-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                                       | Barclays plc                                                                       | CUSIP: 06738ECC7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   30000000 | PA      | $31106785.50   | 0.04%             | 2026-11-02      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                        | Capital One Financial Corp.                                                        | CUSIP: 14040HCV5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   45000000 | PA      | $42953123.70   | 0.06%             | 2030-07-26      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                     | Broadcom, Inc.                                                                     | CUSIP: 11135FBT7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $44029819.00   | 0.06%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Vistra Corp.                                                                       | Vistra Corp.                                                                       | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |  100000000 | PA      | $91137821.00   | 0.13%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DaVita, Inc.                                                                       | DaVita, Inc.                                                                       | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |  158855000 | PA      | $118911704.53  | 0.17%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ARD Finance SA                                                                     | ARD Finance SA                                                                     | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |   25144215 | PA      | $17528345.57   | 0.02%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Carnival Corp.                                                                     | Carnival Corp.                                                                     | CUSIP: 143658BL5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   50000000 | PA      | $39718236.00   | 0.06%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Coinbase Global, Inc.                                                              | Coinbase Global, Inc.                                                              | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   60000000 | PA      | $31794000.00   | 0.05%             | 2028-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| LyondellBasell Industries NV                                                       | LyondellBasell Industries NV, Class A                                              | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49       | Long             | EC               | CORP              | NL        |    2000000 | NS      | $166060000.00  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp.                                                                         | PG&E Corp.                                                                         | CUSIP: 69331C140<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |     500000 | NS      | $72120000.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore Funding LLC                                                               | Glencore Funding LLC                                                               | CUSIP: 378272AY4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  100000000 | PA      | $81397807.00   | 0.12%             | 2030-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: —       |
| Roper Technologies, Inc.                                                           | Roper Technologies, Inc.                                                           | CUSIP: 776743AL0<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $15454542.00   | 0.02%             | 2031-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA, Inc.                                                              | DENTSPLY SIRONA, Inc.                                                              | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |   51249000 | PA      | $42658073.24   | 0.06%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal SA                                                                   | ArcelorMittal SA                                                                   | CUSIP: 03938LBF0<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   40000000 | PA      | $39892158.80   | 0.06%             | 2032-11-29      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                                              | Dominion Energy, Inc., Series C                                                    | CUSIP: 25746UDG1<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $26505652.50   | 0.04%             | 2030-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Calpine Corp.                                                                      | Calpine Corp.                                                                      | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |  103500000 | PA      | $92547961.20   | 0.13%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                                 | VICI Properties LP                                                                 | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   60000000 | PA      | $55672500.00   | 0.08%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| International Flavors & Fragrances, Inc.                                           | International Flavors & Fragrances, Inc.                                           | CUSIP: 459506AQ4<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |  150000000 | PA      | $119350048.50  | 0.17%             | 2030-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corp.                                   | MPT Operating Partnership LP / MPT Finance Corp.                                   | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   33000000 | PA      | $25224693.12   | 0.04%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Freeport-McMoRan, Inc.                                                             | CUSIP: 00CA2EZL9<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-280000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CommScope, Inc.                                                                    | CommScope, Inc.                                                                    | CUSIP: 20338QAA1<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |  114000000 | PA      | $88530120.00   | 0.13%             | 2027-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Home Depot, Inc. (The)                                                             | CUSIP: 00P7XCG33<br>LEI: N/A                  | N/A              | DE               |  | US        |      -5000 | NC      | $-330000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Calumet Specialty Products Partners LP / Calumet Finance Corp.                     | Calumet Specialty Products Partners LP / Calumet Finance Corp.                     | CUSIP: 131477AU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  111402000 | PA      | $113284136.79  | 0.16%             | 2024-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Sprint LLC                                                                         | Sprint LLC                                                                         | CUSIP: 85207UAH8<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |  190650000 | PA      | $194794731.00  | 0.28%             | 2024-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                 | General Motors Financial Co., Inc.                                                 | CUSIP: 37045XCL8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   75000000 | PA      | $74612484.00   | 0.11%             | 2023-06-19      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                                           | SCIH Salt Holdings, Inc.                                                           | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  119500000 | PA      | $96410147.86   | 0.14%             | 2029-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International Bank into Intel Corp.                                  | Goldman Sachs International Bank into Intel Corp.                                  | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |    3315000 | NS      | $90067249.36   | 0.13%             | 2023-04-04      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| UBS AG into Comcast Corp.                                                          | UBS AG into Comcast Corp.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    3765000 | NS      | $132758967.80  | 0.19%             | 2023-07-20      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                                       | Barclays plc                                                                       | CUSIP: 06738EBM6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   31000000 | PA      | $24252159.63   | 0.03%             | 2031-06-24      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                     | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $21725198.75   | 0.03%             | 2027-07-20      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                                                     | Univision Communications, Inc.                                                     | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $19138200.00   | 0.03%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                             | Truist Financial Corp.                                                             | CUSIP: 89788NAA8<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   95000000 | PA      | $89387360.10   | 0.13%             | 2033-07-28      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                           | Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                           | CUSIP: 03969AAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   50000000 | PA      | $43413154.00   | 0.06%             | 2026-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                               | American Tower Corp.                                                               | CUSIP: 03027XBL3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   45318000 | PA      | $40344262.49   | 0.06%             | 2026-04-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                   | NRG Energy, Inc.                                                                   | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $16159200.00   | 0.02%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                                           | Service Properties Trust                                                           | CUSIP: 44106MAR3<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   69068000 | PA      | $67981690.90   | 0.10%             | 2023-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc. into Intel Corp.                           | Citigroup Global Markets Holdings, Inc. into Intel Corp.                           | CUSIP: 17330N419<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |    8050000 | NS      | $222932459.10  | 0.32%             | 2023-09-14      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV into Bristol-Myers Squibb Co.                              | BNP Paribas Issuance BV into Bristol-Myers Squibb Co.                              | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |    3300000 | NS      | $237905832.45  | 0.34%             | 2023-04-18      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA                                                                               | CUSIP: 313586810<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | CORP              | US        |       4240 | NS      | $30740000.00   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| FMG Resources August 2006 Pty. Ltd.                                                | FMG Resources August 2006 Pty. Ltd.                                                | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |  125000000 | PA      | $104201061.25  | 0.15%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                                       | Barclays plc                                                                       | CUSIP: 06738EBY0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   80000000 | PA      | $77612171.20   | 0.11%             | 2028-08-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                                           | Bausch Health Cos., Inc.                                                           | CUSIP: 071734AR8<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |  169340000 | PA      | $101374800.00  | 0.14%             | 2030-10-15      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                                       | Pacific Gas and Electric Co.                                                       | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  117500000 | PA      | $106776928.85  | 0.15%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                     | Broadcom, Inc.                                                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     500000 | NS      | $279565000.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International Bank into AbbVie, Inc.                                 | Goldman Sachs International Bank into AbbVie, Inc.                                 | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |    1740000 | NS      | $255433211.27  | 0.36%             | 2023-01-25      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                                                       | Fiserv, Inc.                                                                       | CUSIP: 337738BC1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   38000000 | PA      | $32031602.20   | 0.05%             | 2030-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP / VICI Note Co., Inc.                                           | VICI Properties LP / VICI Note Co., Inc.                                           | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   43260000 | PA      | $40453450.83   | 0.06%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chesapeake Energy Corp.                                                            | Chesapeake Energy Corp., Escrow Account                                            | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $23723253.75   | 0.03%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                                              | Dominion Energy, Inc., Series A                                                    | CUSIP: 25746UDP1<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $27976675.80   | 0.04%             | 2032-08-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CFZ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  500000000 | PA      | $497343750.00  | 0.71%             | 2027-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Broadcom, Inc.                                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -5000 | NC      | $-4050000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                                                               | NextEra Energy, Inc.                                                               | CUSIP: 65339F770<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    4000000 | NS      | $202800000.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment, Inc.                                                        | Caesars Entertainment, Inc.                                                        | CUSIP: 28470RAK8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $34461350.00   | 0.05%             | 2027-07-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Bombardier, Inc.                                                                   | Bombardier, Inc.                                                                   | CUSIP: 097751BR1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   13600000 | PA      | $13632980.54   | 0.02%             | 2024-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems, Inc.                                                 | CHS/Community Health Systems, Inc.                                                 | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |  269000000 | PA      | $225362820.00  | 0.32%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                       | Marriott International, Inc.                                                       | CUSIP: 571903BJ1<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $24711559.75   | 0.04%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Directv Financing LLC / Directv Financing Co-Obligor, Inc.                         | Directv Financing LLC / Directv Financing Co-Obligor, Inc.                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   84500000 | PA      | $75759320.00   | 0.11%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                                 | Crown Castle, Inc.                                                                 | CUSIP: 22822VAY7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $20208937.25   | 0.03%             | 2031-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                                       | Barclays plc                                                                       | CUSIP: 06738EAU9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   31000000 | PA      | $28856018.92   | 0.04%             | 2028-01-10      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| GSK Consumer Healthcare Capital US LLC                                             | GSK Consumer Healthcare Capital US LLC                                             | CUSIP: 36264FAL5<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $27038919.90   | 0.04%             | 2029-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                                                   | Goodyear Tire & Rubber Co. (The)                                                   | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   45500000 | PA      | $37275420.00   | 0.05%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                                                  | Philip Morris International, Inc.                                                  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    2500000 | NS      | $253025000.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients, Inc.                                                          | Darling Ingredients, Inc.                                                          | CUSIP: 237266AJ0<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $34259750.00   | 0.05%             | 2030-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BCE, Inc.                                                                          | BCE, Inc.                                                                          | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |    1000000 | NS      | $43936484.49   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas Issuance BV into Delta Air Lines, Inc.                                 | BNP Paribas Issuance BV into Delta Air Lines, Inc.                                 | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |    5500000 | NS      | $189195903.16  | 0.27%             | 2023-07-12      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| American Airlines Inc/AAdvantage Loyalty IP Ltd.                                   | American Airlines Inc/AAdvantage Loyalty IP Ltd.                                   | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  145000000 | PA      | $139693217.50  | 0.20%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Carvana Co.                                                                        | Carvana Co.                                                                        | CUSIP: 146869AB8<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $15782054.05   | 0.02%             | 2025-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Target Corp.                                                                       | CUSIP: 00PABSS57<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-1750000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | Exxon Mobil Corp.                                                                  | CUSIP: 00P9G1F90<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-470000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications, Inc.                                                       | Verizon Communications, Inc.                                                       | CUSIP: 92343VEU4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $46818158.50   | 0.07%             | 2029-12-03      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| Teledyne Technologies, Inc.                                                        | Teledyne Technologies, Inc.                                                        | CUSIP: 879360AE5<br>LEI: 549300VSMO9KYQWDND94 | Long             | DBT              | CORP              | US        |   17500000 | PA      | $14352413.43   | 0.02%             | 2031-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                                    | Citigroup, Inc., Series D                                                          | CUSIP: 172967GR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   75000000 | PA      | $73267807.50   | 0.10%             | 2023-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: —       |
| United Rentals North America, Inc.                                                 | United Rentals North America, Inc.                                                 | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   65000000 | PA      | $64718875.00   | 0.09%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP into Lockheed Martin Corp.                                | Mizuho Markets Cayman LP into Lockheed Martin Corp.                                | CUSIP: 6068FP885<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |     459000 | NS      | $214499208.95  | 0.31%             | 2023-11-07      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                     | Broadcom, Inc.                                                                     | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   56000000 | PA      | $44839276.16   | 0.06%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Institutional Fiduciary Trust Money Market Portfolio                               | Institutional Fiduciary Trust Money Market Portfolio                               | CUSIP: 457756500<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  176321000 | NS      | $176321000.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Health Cos., Inc.                                                           | Bausch Health Cos., Inc.                                                           | CUSIP: 071734AP2<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |  185000000 | PA      | $127812800.00  | 0.18%             | 2027-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Pfizer, Inc.                                                                       | CUSIP: 00C9JT997<br>LEI: N/A                  | N/A              | DE               |  | US        |     -20000 | NC      | $-1240000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp.                                                             | Tenet Healthcare Corp.                                                             | CUSIP: 88033GDJ6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  315000000 | PA      | $282690450.00  | 0.40%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United Rentals North America, Inc.                                                 | United Rentals North America, Inc.                                                 | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   39000000 | PA      | $36157680.00   | 0.05%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FMG Resources August 2006 Pty. Ltd.                                                | FMG Resources August 2006 Pty. Ltd.                                                | CUSIP: 30251GAW7<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |  114540000 | PA      | $112769463.59  | 0.16%             | 2024-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC              | Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC              | CUSIP: 76174LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   70000000 | PA      | $62205526.60   | 0.09%             | 2027-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International Bank into Honeywell International, Inc.                | Goldman Sachs International Bank into Honeywell International, Inc.                | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |    1335000 | NS      | $268362945.51  | 0.38%             | 2023-04-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Shea Homes LP / Shea Homes Funding Corp.                                           | Shea Homes LP / Shea Homes Funding Corp.                                           | CUSIP: 82088KAK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   34630000 | PA      | $30290428.13   | 0.04%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                       | Oracle Corp.                                                                       | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $20806652.20   | 0.03%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                     | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $41424714.00   | 0.06%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                              | Lockheed Martin Corp.                                                              | CUSIP: 539830BW8<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   10000000 | PA      | $10343128.50   | 0.01%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                         | US Bancorp                                                                         | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    7500000 | NS      | $327075000.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT Security Corp. (The)                                                           | ADT Security Corp. (The)                                                           | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $25554182.70   | 0.04%             | 2029-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                  | Wells Fargo & Co.                                                                  | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    5000000 | NS      | $206450000.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Mauser Packaging Solutions Holding Co.                                             | Mauser Packaging Solutions Holding Co.                                             | CUSIP: 12429TAD6<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |  340000000 | PA      | $331298434.40  | 0.47%             | 2024-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP into Exxon Mobil Corp.                                    | Mizuho Markets Cayman LP into Exxon Mobil Corp.                                    | CUSIP: 6068FP802<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |    3200000 | NS      | $276429342.37  | 0.39%             | 2023-02-21      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DISH Network Corp.                                                                 | DISH Network Corp.                                                                 | CUSIP: 25470MAD1<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |   77000000 | PA      | $69665750.00   | 0.10%             | 2024-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                                           | Energizer Holdings, Inc.                                                           | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $17364066.00   | 0.02%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                   | CVS Health Corp.                                                                   | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $36105414.00   | 0.05%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                           | Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.                           | CUSIP: 03969AAQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   25669000 | PA      | $24469958.14   | 0.03%             | 2025-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corp.                                   | MPT Operating Partnership LP / MPT Finance Corp.                                   | CUSIP: 55342UAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   42000000 | PA      | $38321010.00   | 0.05%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc        | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc        | CUSIP: 03969YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   37000000 | PA      | $29392885.10   | 0.04%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 3M Co.                                                                             | 3M Co.                                                                             | CUSIP: 88579YBG5<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $18467040.20   | 0.03%             | 2029-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: —       |
| Pacific Gas and Electric Co.                                                       | Pacific Gas and Electric Co.                                                       | CUSIP: 694308JP3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   78000000 | PA      | $72562754.94   | 0.10%             | 2026-01-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines, Inc. / SkyMiles IP Ltd.                                           | Delta Air Lines, Inc. / SkyMiles IP Ltd.                                           | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   25000000 | PA      | $24403125.25   | 0.03%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                                                | Cisco Systems, Inc.                                                                | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    9700000 | NS      | $462108000.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                                                               | American Tower Corp.                                                               | CUSIP: 03027XAP5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $37103442.40   | 0.05%             | 2027-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: —       |
| N/A                                                                                | Cisco Systems, Inc.                                                                | CUSIP: 00CA30HY0<br>LEI: N/A                  | N/A              | DE               |  | US        |     -20000 | NC      | $-420000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale SA into Pfizer, Inc.                                              | Societe Generale SA into Pfizer, Inc.                                              | CUSIP: 83370G565<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |    4200000 | NS      | $216506363.81  | 0.31%             | 2023-06-09      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                                                | Expedia Group, Inc.                                                                | CUSIP: 30212PAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   56000000 | PA      | $47626737.76   | 0.07%             | 2030-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                                          | HCA, Inc.                                                                          | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   80000000 | PA      | $79705721.60   | 0.11%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Workday, Inc.                                                                      | Workday, Inc.                                                                      | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |  200000000 | PA      | $177106376.00  | 0.25%             | 2032-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co. (The)                                                             | Dow Chemical Co. (The)                                                             | CUSIP: 260543DG5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $36933300.25   | 0.05%             | 2033-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| United Rentals North America, Inc.                                                 | United Rentals North America, Inc.                                                 | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   31000000 | PA      | $25331030.00   | 0.04%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                           | Celanese US Holdings LLC                                                           | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $23843024.00   | 0.03%             | 2032-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP into International Paper Co.                              | Mizuho Markets Cayman LP into International Paper Co.                              | CUSIP: 6068FR303<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |    7400000 | NS      | $260314619.47  | 0.37%             | 2023-12-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Freeport-McMoRan, Inc.                                                             | Freeport-McMoRan, Inc.                                                             | CUSIP: 35671DCH6<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   36000000 | PA      | $33590681.64   | 0.05%             | 2030-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                 | General Motors Financial Co., Inc.                                                 | CUSIP: 37045XCY0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   37720000 | PA      | $31827590.57   | 0.05%             | 2030-06-21      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan, Inc.                                                             | Freeport-McMoRan, Inc.                                                             | CUSIP: 35671DCD5<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $28997250.00   | 0.04%             | 2029-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                       | Oracle Corp.                                                                       | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $43395455.50   | 0.06%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                             | Tenet Healthcare Corp.                                                             | CUSIP: 88033GAV2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   55258000 | PA      | $49868482.25   | 0.07%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                               | JPMorgan Chase & Co.                                                               | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    2000000 | NS      | $268200000.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Finance II Ltd. into Microchip Technology, Inc.                     | Morgan Stanley Finance II Ltd. into Microchip Technology, Inc.                     | CUSIP: 61772E131<br>LEI: 9JTFSIOT3N7GCDN62R31 | Long             | SN               | CORP              | JE        |    2045000 | NS      | $142201971.07  | 0.20%             | 2023-09-12      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                          | Williams Cos., Inc. (The)                                                          | CUSIP: 969457BY5<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $32466665.60   | 0.05%             | 2031-03-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch International & Co. CV into Chevron Corp.                            | Merrill Lynch International & Co. CV into Chevron Corp.                            | CUSIP: 59027C884<br>LEI: AHYI0DDQ2LCHPGHJC422 | Long             | SN               | CORP              | CW        |    1650000 | NS      | $277261042.36  | 0.40%             | 2023-12-04      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                       | MPH Acquisition Holdings LLC                                                       | CUSIP: 553283AC6<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |  260000000 | PA      | $173475174.60  | 0.25%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Endo Luxembourg Finance Co. I SARL / Endo US, Inc.                                 | Endo Luxembourg Finance Co. I SARL / Endo US, Inc.                                 | CUSIP: 29280BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   66355000 | PA      | $50461224.40   | 0.07%             | 2029-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                       | Oracle Corp.                                                                       | CUSIP: 68389XBD6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   21960000 | PA      | $19118616.46   | 0.03%             | 2030-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Weatherford International Ltd.                                                     | Weatherford International Ltd.                                                     | CUSIP: 947075AP2<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   29341000 | PA      | $30038557.04   | 0.04%             | 2024-12-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                     | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    5000000 | NS      | $425100000.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Holdings Corp.                                                        | Schlumberger Holdings Corp.                                                        | CUSIP: 806851AK7<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   22441000 | PA      | $20949518.18   | 0.03%             | 2028-05-17      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| NXP BV / NXP Funding LLC                                                           | NXP BV / NXP Funding LLC                                                           | CUSIP: 62947QBC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   20000000 | PA      | $20016286.80   | 0.03%             | 2028-12-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Microchip Technology, Inc.                                                         | Microchip Technology, Inc.                                                         | CUSIP: 595017AP9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   69000000 | PA      | $68716898.52   | 0.10%             | 2023-06-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada into MetLife, Inc.                                            | Royal Bank of Canada into MetLife, Inc.                                            | CUSIP: 78015V290<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | SN               | CORP              | CA        |    3200000 | NS      | $220642471.17  | 0.31%             | 2023-09-22      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG into Air Products and Chemicals, Inc.                             | Credit Suisse AG into Air Products and Chemicals, Inc.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    1000000 | NS      | $262605762.24  | 0.37%             | 2023-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Weatherford International Ltd.                                                     | Weatherford International Ltd.                                                     | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |  250000000 | PA      | $240523305.00  | 0.34%             | 2030-04-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.                          | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.                          | CUSIP: 46590XAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   20000000 | PA      | $18984953.20   | 0.03%             | 2028-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HP, Inc.                                                                           | HP, Inc.                                                                           | CUSIP: 40434LAN5<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $47120194.00   | 0.07%             | 2033-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                                                  | Lowe's Cos., Inc.                                                                  | CUSIP: 548661EL7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |  115000000 | PA      | $112636483.20  | 0.16%             | 2033-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Mineral Resources Ltd.                                                             | Mineral Resources Ltd.                                                             | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   25000000 | PA      | $25374875.00   | 0.04%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                                                  | Lowe's Cos., Inc.                                                                  | CUSIP: 548661DU8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $33627900.60   | 0.05%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Endo Dac / Endo Finance LLC / Endo Finco, Inc.                                     | Endo Dac / Endo Finance LLC / Endo Finco, Inc.                                     | CUSIP: 29273DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   87160000 | PA      | $12311350.00   | 0.02%             | 2027-07-31      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                                                  | American Electric Power Co., Inc.                                                  | CUSIP: 025537AW1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $31419099.30   | 0.04%             | 2032-11-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| 3M Co.                                                                             | 3M Co.                                                                             | CUSIP: 88579YBJ9<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $34010458.00   | 0.05%             | 2029-08-26      | Fixed         | 2.38%                 | No            |                  2 | On Loan: —       |
| Ford Motor Credit Co. LLC                                                          | Ford Motor Credit Co. LLC                                                          | CUSIP: 345397B85<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $32010300.00   | 0.05%             | 2025-02-10      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Endo Dac / Endo Finance LLC / Endo Finco, Inc.                                     | Endo Dac / Endo Finance LLC / Endo Finco, Inc.                                     | CUSIP: 29273DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   47500000 | PA      | $37762500.00   | 0.05%             | 2024-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                   | Boeing Co. (The)                                                                   | CUSIP: 097023CD5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   74000000 | PA      | $65037518.12   | 0.09%             | 2029-03-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                                                        | Raytheon Technologies Corp.                                                        | CUSIP: 913017CR8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $37310649.60   | 0.05%             | 2027-05-04      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Southern Co. Gas Capital Corp.                                                     | Southern Co. Gas Capital Corp.                                                     | CUSIP: 8426EPAF5<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $39380753.60   | 0.06%             | 2032-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                             | Tenet Healthcare Corp.                                                             | CUSIP: 88033GDN7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   42000000 | PA      | $36427440.00   | 0.05%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.                                  | Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.                                  | CUSIP: 983130AU9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  131000000 | PA      | $129311934.00  | 0.18%             | 2023-05-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chevron Corp.                                                                      | Chevron Corp.                                                                      | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    6500000 | NS      | $1166685000.00 | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co. (The)                                                                   | Boeing Co. (The)                                                                   | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  370000000 | PA      | $361893925.30  | 0.52%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                     | CUSIP: 6174468P7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   23600000 | PA      | $20656178.01   | 0.03%             | 2031-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Twilio, Inc.                                                                       | Twilio, Inc.                                                                       | CUSIP: 90138FAD4<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |   46500000 | PA      | $36958200.00   | 0.05%             | 2031-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| 7-Eleven, Inc.                                                                     | 7-Eleven, Inc.                                                                     | CUSIP: 817826AE0<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   75000000 | PA      | $57451293.00   | 0.08%             | 2031-02-10      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                                          | Michaels Cos., Inc. (The)                                                          | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |   60000000 | PA      | $48344140.20   | 0.07%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PG&E Corp.                                                                         | PG&E Corp.                                                                         | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   50264000 | PA      | $45964796.43   | 0.07%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Target Corp.                                                                       | Target Corp.                                                                       | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |    1000000 | NS      | $149040000.00  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines, Inc.                                                              | United Airlines, Inc.                                                              | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   65462000 | PA      | $60789715.21   | 0.09%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Par Pharmaceutical, Inc.                                                           | Par Pharmaceutical, Inc.                                                           | CUSIP: 69888XAA7<br>LEI: 549300KK5WR4MGN4YT97 | Long             | DBT              | CORP              | US        |  193401000 | PA      | $147390836.34  | 0.21%             | 2027-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                                                   | TotalEnergies SE                                                                   | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |    4000000 | NS      | $248320000.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group, Inc.                                                      | American Airlines Group, Inc.                                                      | CUSIP: 02376RAE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   40000000 | PA      | $33943112.00   | 0.05%             | 2025-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| WESCO Distribution, Inc.                                                           | WESCO Distribution, Inc.                                                           | CUSIP: 95081QAN4<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $30441363.60   | 0.04%             | 2025-06-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                                                  | American Electric Power Co., Inc.                                                  | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    1500000 | NS      | $142425000.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                                                               | American Tower Corp.                                                               | CUSIP: 03027XAK6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $28089596.40   | 0.04%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                          | Vistra Operations Co. LLC                                                          | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $31563399.35   | 0.04%             | 2029-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Structured Products BV into Bank of America Corp.                      | J.P. Morgan Structured Products BV into Bank of America Corp.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    5711000 | NS      | $190560210.78  | 0.27%             | 2023-01-27      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                   | CVS Health Corp.                                                                   | CUSIP: 126650DQ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   70000000 | PA      | $55076244.30   | 0.08%             | 2031-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                                 | Southern Co. (The)                                                                 | CUSIP: 842587DL8<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   45000000 | PA      | $46171485.00   | 0.07%             | 2032-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Roper Technologies, Inc.                                                           | Roper Technologies, Inc.                                                           | CUSIP: 776743AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   30303000 | PA      | $24353147.47   | 0.03%             | 2030-06-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                        | Capital One Financial Corp.                                                        | CUSIP: 14040HCS2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  144532733 | PA      | $140148377.35  | 0.20%             | 2028-05-10      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| KeyBank NA                                                                         | KeyBank NA                                                                         | CUSIP: 49327V2C7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $32492135.55   | 0.05%             | 2032-08-08      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | JPMorgan Chase & Co.                                                               | CUSIP: 00P9XBT29<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-1100000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo, Inc.                                                                        | Qorvo, Inc.                                                                        | CUSIP: 74736KAJ0<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |   30800000 | PA      | $24800591.20   | 0.04%             | 2031-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Consolidated Energy Finance SA                                                     | Consolidated Energy Finance SA                                                     | CUSIP: 20914UAE6<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |  125000000 | PA      | $117046622.50  | 0.17%             | 2026-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                                 | VICI Properties LP                                                                 | CUSIP: 925650AC7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $28598020.20   | 0.04%             | 2030-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide, Inc.                                               | Anheuser-Busch InBev Worldwide, Inc.                                               | CUSIP: 035240AL4<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $23840658.25   | 0.03%             | 2028-04-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FedEx Corp.                                                                        | FedEx Corp.                                                                        | CUSIP: 31428XCD6<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |   29000000 | PA      | $23525179.90   | 0.03%             | 2031-05-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: —       |
| Rio Tinto plc                                                                      | Rio Tinto plc                                                                      | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    5000000 | NS      | $356000000.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                                                        | Apple, Inc.                                                                        | CUSIP: 037833EP1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $45541263.50   | 0.06%             | 2032-08-08      | Fixed         | 3.35%                 | No            |                  2 | On Loan: —       |
| Carvana Co.                                                                        | Carvana Co.                                                                        | CUSIP: 146869AJ1<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   41500000 | PA      | $19577768.59   | 0.03%             | 2030-05-01      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| SCIH Salt Holdings, Inc.                                                           | SCIH Salt Holdings, Inc.                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  155000000 | PA      | $133291420.75  | 0.19%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA into Comcast Corp.                                             | Societe Generale SA into Comcast Corp.                                             | CUSIP: 83370G524<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | SN               | CORP              | FR        |    5300000 | NS      | $187330673.74  | 0.27%             | 2023-04-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                             | Tenet Healthcare Corp.                                                             | CUSIP: 88033GCX6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   98181000 | PA      | $94503139.74   | 0.13%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Structured Products BV into Goldman Sachs Group, Inc. (The)            | J.P. Morgan Structured Products BV into Goldman Sachs Group, Inc. (The)            | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |     745000 | NS      | $257631433.27  | 0.37%             | 2023-03-09      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Micron Technology, Inc.                                                            | Micron Technology, Inc.                                                            | CUSIP: 595112BV4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   55000000 | PA      | $55991847.45   | 0.08%             | 2029-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Wells Fargo & Co.                                                                  | Wells Fargo & Co.                                                                  | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $47625258.00   | 0.07%             | 2033-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                     | Broadcom, Inc.                                                                     | CUSIP: 11135FAS0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   80000000 | PA      | $70736650.40   | 0.10%             | 2032-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC / CCO Holdings Capital Corp.                                      | CCO Holdings LLC / CCO Holdings Capital Corp.                                      | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  120000000 | PA      | $112112400.00  | 0.16%             | 2027-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Brookfield Finance, Inc.                                                           | Brookfield Finance, Inc.                                                           | CUSIP: 11271LAD4<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |   34444000 | PA      | $32924682.39   | 0.05%             | 2029-03-29      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                                            | Bayer US Finance II LLC                                                            | CUSIP: 07274NAJ2<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   65000000 | PA      | $63051939.60   | 0.09%             | 2025-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                                                | Expedia Group, Inc.                                                                | CUSIP: 30212PAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   30000000 | PA      | $29639112.30   | 0.04%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                                 | United Airlines Pass-Through Trust, Series 2020-1, Class A                         | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   43471083 | PA      | $42920269.96   | 0.06%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corp.                                                                     | DISH DBS Corp.                                                                     | CUSIP: 25470XAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  420000000 | PA      | $418922679.00  | 0.60%             | 2023-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Texas Instruments, Inc.                                                            | CUSIP: 00C7Y9998<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-130000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HP, Inc.                                                                           | HP, Inc.                                                                           | CUSIP: 40434LAJ4<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $23443545.30   | 0.03%             | 2031-06-17      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                              | Bank of America Corp., Series X                                                    | CUSIP: 060505EH3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   55000000 | PA      | $52957347.85   | 0.08%             | 2024-09-05      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| N/A                                                                                | Chevron Corp.                                                                      | CUSIP: 00CA544Z1<br>LEI: N/A                  | N/A              | DE               |  | US        |     -20000 | NC      | $-5900000.00   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| NiSource, Inc.                                                                     | NiSource, Inc.                                                                     | CUSIP: 65473PAJ4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   33750000 | PA      | $30130702.65   | 0.04%             | 2030-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | United Parcel Service, Inc.                                                        | CUSIP: 00P7XKEJ2<br>LEI: N/A                  | N/A              | DE               |  | US        |      -5000 | NC      | $-2630000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp.                                                                     | Carnival Corp.                                                                     | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   78000000 | PA      | $55830060.00   | 0.08%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                          | Ford Motor Credit Co. LLC                                                          | CUSIP: 345397B77<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $43482500.00   | 0.06%             | 2026-08-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | United Parcel Service, Inc.                                                        | CUSIP: 00PADZ0X8<br>LEI: N/A                  | N/A              | DE               |  | US        |      -5000 | NC      | $-2000000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Dell International LLC / EMC Corp.                                                 | Dell International LLC / EMC Corp.                                                 | CUSIP: 24703TAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   55000000 | PA      | $53915727.80   | 0.08%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                                                   | CSC Holdings LLC                                                                   | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   85000000 | PA      | $59133567.55   | 0.08%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                   | NRG Energy, Inc.                                                                   | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   57000000 | PA      | $43435284.78   | 0.06%             | 2031-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Expedia Group, Inc.                                                                | Expedia Group, Inc.                                                                | CUSIP: 30212PAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   54596000 | PA      | $55103084.37   | 0.08%             | 2025-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                           | Bristol-Myers Squibb Co.                                                           | CUSIP: 110122DE5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $28940755.50   | 0.04%             | 2028-02-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | AbbVie, Inc.                                                                       | CUSIP: 00P84USZ9<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-620000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                                                         | Procter & Gamble Co. (The)                                                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    2750000 | NS      | $416790000.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | PG&E Corp.                                                                         | CUSIP: 00CA4EWL0<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-370000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co. (The)                                                                   | Boeing Co. (The)                                                                   | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   45000000 | PA      | $40935094.65   | 0.06%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                             | Truist Financial Corp.                                                             | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    6000000 | NS      | $258180000.00  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global, Inc.                                                              | Coinbase Global, Inc.                                                              | CUSIP: 19260QAD9<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   26216900 | PA      | $12660453.25   | 0.02%             | 2031-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                                                   | BP Capital Markets America, Inc.                                                   | CUSIP: 10373QBL3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   46500000 | PA      | $42786373.76   | 0.06%             | 2030-04-06      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                                                   | Goodyear Tire & Rubber Co. (The)                                                   | CUSIP: 382550BG5<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   34757000 | PA      | $31844015.83   | 0.05%             | 2027-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Capital One Financial Corp.                                                        | Capital One Financial Corp.                                                        | CUSIP: 14040HBJ3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  113000000 | PA      | $109315221.42  | 0.16%             | 2025-10-29      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Micron Technology, Inc.                                                            | Micron Technology, Inc.                                                            | CUSIP: 595112BN2<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $24049204.25   | 0.03%             | 2029-02-06      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                        | First Quantum Minerals Ltd.                                                        | CUSIP: 335934AL9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |  120000000 | PA      | $117048026.40  | 0.17%             | 2025-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                                     | Broadcom, Inc.                                                                     | CUSIP: 11135FBR1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   73307000 | PA      | $66746104.87   | 0.10%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                                                   | BP Capital Markets America, Inc.                                                   | CUSIP: 10373QBT6<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   15000000 | PA      | $12542421.75   | 0.02%             | 2032-01-12      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP into Bristol-Myers Squibb Co.                             | Mizuho Markets Cayman LP into Bristol-Myers Squibb Co.                             | CUSIP: 6068FR204<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |    2600000 | NS      | $194105975.28  | 0.28%             | 2023-12-04      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Siemens AG                                                                         | Siemens AG                                                                         | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    3000000 | NS      | $413534639.35  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Post Holdings, Inc.                                                                | Post Holdings, Inc.                                                                | CUSIP: 737446AN4<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   59800000 | PA      | $56379742.59   | 0.08%             | 2028-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                                       | Verizon Communications, Inc.                                                       | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    6000000 | NS      | $236400000.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                                                                  | Lowe's Cos., Inc.                                                                  | CUSIP: 548661DY0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   15000000 | PA      | $11764684.50   | 0.02%             | 2030-10-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                          | Vistra Operations Co. LLC                                                          | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   18000000 | PA      | $16424634.06   | 0.02%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP / Hilcorp Finance Co.                                          | Hilcorp Energy I LP / Hilcorp Finance Co.                                          | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   32000000 | PA      | $28503072.00   | 0.04%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NXP BV / NXP Funding LLC / NXP USA, Inc.                                           | NXP BV / NXP Funding LLC / NXP USA, Inc.                                           | CUSIP: 62954HBA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   35000000 | PA      | $27964347.25   | 0.04%             | 2031-05-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs, Inc.                                                             | Cleveland-Cliffs, Inc.                                                             | CUSIP: 185899AG6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $50211000.00   | 0.07%             | 2026-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                                                       | AbbVie, Inc.                                                                       | CUSIP: 00287YAY5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $23701679.50   | 0.03%             | 2026-05-14      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                               | Clear Channel Outdoor Holdings, Inc.                                               | CUSIP: 18453HAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  140000000 | PA      | $103060300.00  | 0.15%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                          | Ford Motor Credit Co. LLC                                                          | CUSIP: 345397C27<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  115000000 | PA      | $107498550.00  | 0.15%             | 2027-05-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp.                                                             | Tenet Healthcare Corp.                                                             | CUSIP: 88033GDP2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  354000000 | PA      | $337912470.00  | 0.48%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Rocket Software, Inc.                                                              | Rocket Software, Inc.                                                              | CUSIP: 77314EAA6<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |   75000000 | PA      | $59221965.00   | 0.08%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                                                       | AbbVie, Inc.                                                                       | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  115000000 | PA      | $103931405.25  | 0.15%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corp.                                                             | Lincoln National Corp.                                                             | CUSIP: 534187BK4<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |   15000000 | PA      | $12442088.70   | 0.02%             | 2031-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: —       |
| Madison IAQ LLC                                                                    | Madison IAQ LLC                                                                    | CUSIP: 55760LAA5<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   31000000 | PA      | $25962500.00   | 0.04%             | 2028-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                              | Bank of America Corp.                                                              | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   19000000 | NS      | $629280000.00  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co.                                                                     | Ford Motor Co.                                                                     | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |  107500000 | PA      | $80810082.75   | 0.12%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Mineral Resources Ltd.                                                             | Mineral Resources Ltd.                                                             | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   20000000 | PA      | $20478200.00   | 0.03%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                   | AutoNation, Inc.                                                                   | CUSIP: 05329WAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   44451000 | PA      | $32067609.27   | 0.05%             | 2031-08-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 2250000000 | PA      | $2049257812.50 | 2.92%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fresenius Medical Care US Finance III, Inc.                                        | Fresenius Medical Care US Finance III, Inc.                                        | CUSIP: 35805BAE8<br>LEI: 5299006ZHLMXOOUVTU44 | Long             | DBT              | CORP              | US        |   30941000 | PA      | $23323224.31   | 0.03%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                              | Bank of America Corp.                                                              | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  200000000 | PA      | $181443468.00  | 0.26%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CEX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  500000000 | PA      | $488085940.00  | 0.70%             | 2024-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc. into Comcast Corp.                         | Citigroup Global Markets Holdings, Inc. into Comcast Corp.                         | CUSIP: 17330M155<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |    5667000 | NS      | $202808542.56  | 0.29%             | 2023-06-23      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| UBS AG into BP plc                                                                 | UBS AG into BP plc                                                                 | CUSIP: 90278V487<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | SN               | CORP              | CH        |    8460000 | NS      | $283785063.95  | 0.40%             | 2023-06-14      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ZipRecruiter, Inc.                                                                 | ZipRecruiter, Inc.                                                                 | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $33028800.00   | 0.05%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | JPMorgan Chase & Co.                                                               | CUSIP: 00C9XDAC7<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-1470000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                              | NextEra Energy Capital Holdings, Inc.                                              | CUSIP: 65339KBY5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   65000000 | PA      | $57619924.05   | 0.08%             | 2027-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                      | Centene Corp.                                                                      | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   19380000 | PA      | $15201635.37   | 0.02%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing, Inc.                                                | American Axle & Manufacturing, Inc.                                                | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   45000000 | PA      | $36340758.00   | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| 3M Co.                                                                             | 3M Co.                                                                             | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |    1000000 | NS      | $119920000.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TIBCO Software, Inc.                                                               | TIBCO Software, Inc., First Lien Term Loan A                                       | CUSIP: 88632NAX8<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |  250000000 | PA      | $222812500.00  | 0.32%             | 2028-09-29      | Variable      | 9.18%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                      | Netflix, Inc.                                                                      | CUSIP: 64110LAS5<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   89300000 | PA      | $86427787.84   | 0.12%             | 2028-04-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                        | Capital One Financial Corp.                                                        | CUSIP: 14040HBK0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  100200000 | PA      | $94468495.87   | 0.13%             | 2026-07-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Target Corp.                                                                       | Target Corp.                                                                       | CUSIP: 87612EBP0<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |   80000000 | PA      | $77895036.80   | 0.11%             | 2032-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                                    | Citigroup, Inc., Series M                                                          | CUSIP: 172967HQ7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  105000000 | PA      | $99435000.00   | 0.14%             | 2024-05-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                          | Vistra Operations Co. LLC                                                          | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   49500000 | PA      | $46049528.25   | 0.07%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp.                                                              | OneMain Finance Corp.                                                              | CUSIP: 682691AA8<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   59675000 | PA      | $44603757.70   | 0.06%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Textron, Inc.                                                                      | Textron, Inc.                                                                      | CUSIP: 883203CC3<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $32116094.40   | 0.05%             | 2031-03-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                    | Goldman Sachs Group, Inc. (The)                                                    | CUSIP: 38141GWV2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   21000000 | PA      | $19219571.07   | 0.03%             | 2029-04-23      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Stagwell Global LLC                                                                | Stagwell Global LLC                                                                | CUSIP: 59565JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   60000000 | PA      | $49587300.00   | 0.07%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Home Depot, Inc. (The)                                                             | CUSIP: 00CA16001<br>LEI: N/A                  | N/A              | DE               |  | US        |      -1000 | NC      | $-337000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada into MetLife, Inc.                                            | Royal Bank of Canada into MetLife, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    3581000 | NS      | $251907691.18  | 0.36%             | 2023-05-19      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                        | Capital One Financial Corp.                                                        | CUSIP: 14040HCT0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $46585826.00   | 0.07%             | 2033-05-10      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                        | Caesars Entertainment, Inc.                                                        | CUSIP: 28470RAH5<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |  110000000 | PA      | $107107605.00  | 0.15%             | 2025-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | United Parcel Service, Inc.                                                        | CUSIP: 00P7XKEG8<br>LEI: N/A                  | N/A              | DE               |  | US        |      -5000 | NC      | $-810000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Raytheon Technologies Corp.                                                        | Raytheon Technologies Corp.                                                        | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    2959550 | NS      | $298677786.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                | Caterpillar, Inc.                                                                  | CUSIP: 00PAD9JV0<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-3210000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Mutual Global Funding                                                 | Northwestern Mutual Global Funding                                                 | CUSIP: 66815L2K4<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $39011995.20   | 0.06%             | 2027-09-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                                                         | Warnermedia Holdings, Inc.                                                         | CUSIP: 55903VAL7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  100000000 | PA      | $82626757.00   | 0.12%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma plc                                                                 | Royalty Pharma plc                                                                 | CUSIP: 78081BAK9<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   55000000 | PA      | $43108266.30   | 0.06%             | 2030-09-02      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Roller Bearing Co. of America, Inc.                                                | Roller Bearing Co. of America, Inc.                                                | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $30308250.00   | 0.04%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Sprint LLC                                                                         | Sprint LLC                                                                         | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   86300000 | PA      | $91003867.80   | 0.13%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Structured Products BV into Bank of America Corp.                      | J.P. Morgan Structured Products BV into Bank of America Corp.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    7100000 | NS      | $240362398.26  | 0.34%             | 2023-05-12      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV into Broadcom, Inc.                                        | BNP Paribas Issuance BV into Broadcom, Inc.                                        | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |     530000 | NS      | $285507945.50  | 0.41%             | 2023-08-14      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                        | Capital One Financial Corp.                                                        | CUSIP: 14040HCU7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $39215012.40   | 0.06%             | 2026-07-24      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                                                                       | AbbVie, Inc.                                                                       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    1750000 | NS      | $282817500.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm, Inc.                                                                    | TransDigm, Inc.                                                                    | CUSIP: 893647BK2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   58176000 | PA      | $59164410.24   | 0.08%             | 2025-12-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                  | Wells Fargo & Co., Series S                                                        | CUSIP: 949746RG8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   70000000 | PA      | $62867700.00   | 0.09%             | 2024-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                                                | Union Pacific Corp.                                                                | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    1500000 | NS      | $310605000.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| John Deere Capital Corp.                                                           | John Deere Capital Corp.                                                           | CUSIP: 24422EWL9<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $38984500.80   | 0.06%             | 2032-09-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Finance II Ltd. into PG&E Corp.                                     | Morgan Stanley Finance II Ltd. into PG&E Corp.                                     | CUSIP: 61772E149<br>LEI: 9JTFSIOT3N7GCDN62R31 | Long             | SN               | CORP              | JE        |   10800000 | NS      | $149605690.93  | 0.21%             | 2023-11-14      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Energizer Holdings, Inc.                                                           | Energizer Holdings, Inc.                                                           | CUSIP: 29272WAF6<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $19058783.20   | 0.03%             | 2027-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.                                       | Fidelity National Information Services, Inc.                                       | CUSIP: 31620MBT2<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   53000000 | PA      | $41656103.66   | 0.06%             | 2031-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| APX Group, Inc.                                                                    | APX Group, Inc.                                                                    | CUSIP: 00213MAW4<br>LEI: 549300OMQVKPRU98OE64 | Long             | DBT              | CORP              | US        |  108000000 | PA      | $89584576.56   | 0.13%             | 2029-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DaVita, Inc.                                                                       | DaVita, Inc.                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |  287822000 | PA      | $232140442.30  | 0.33%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Sempra Energy                                                                      | Sempra Energy                                                                      | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    2000000 | NS      | $309080000.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Camelot Return Merger Sub, Inc.                                                    | Camelot Return Merger Sub, Inc.                                                    | CUSIP: 13323NAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   50000000 | PA      | $45946250.00   | 0.07%             | 2028-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, 30 Year                                                                      | CUSIP: 3140QBMZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   27595636 | PA      | $26346009.06   | 0.04%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CommScope, Inc.                                                                    | CommScope, Inc.                                                                    | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |  125000000 | PA      | $89561726.25   | 0.13%             | 2028-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                                                  | Duke Energy Corp.                                                                  | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    3000000 | NS      | $308970000.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DISH DBS Corp.                                                                     | DISH DBS Corp.                                                                     | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  124320000 | PA      | $100506504.00  | 0.14%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Univision Communications, Inc.                                                     | Univision Communications, Inc.                                                     | CUSIP: 914906AS1<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |  315000000 | PA      | $300642363.00  | 0.43%             | 2025-02-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.                                               | Clear Channel Outdoor Holdings, Inc.                                               | CUSIP: 18453HAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  129000000 | PA      | $94338257.28   | 0.13%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Johnson Controls International plc / Tyco Fire & Security Finance SCA              | Johnson Controls International plc / Tyco Fire & Security Finance SCA              | CUSIP: 47837RAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   39500000 | PA      | $38952091.55   | 0.06%             | 2032-12-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Flex Ltd.                                                                          | Flex Ltd.                                                                          | CUSIP: 33938EAU1<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |   50000000 | PA      | $49154227.50   | 0.07%             | 2025-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International Bank into Salesforce, Inc.                             | Goldman Sachs International Bank into Salesforce, Inc.                             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |     820000 | NS      | $110142395.24  | 0.16%             | 2023-02-08      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                                   | GE HealthCare Technologies, Inc.                                                   | CUSIP: 36267VAJ2<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   90000000 | PA      | $93543719.40   | 0.13%             | 2032-11-22      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                                             | Home Depot, Inc. (The)                                                             | CUSIP: 437076CS9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   70000000 | PA      | $68569813.90   | 0.10%             | 2032-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NextEra Energy, Inc.                                                               | NextEra Energy, Inc.                                                               | CUSIP: 65339F739<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    7500000 | NS      | $378675000.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International Bank into Twilio, Inc.                                 | Goldman Sachs International Bank into Twilio, Inc.                                 | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |     923000 | NS      | $48931529.32   | 0.07%             | 2023-03-03      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| MPH Acquisition Holdings LLC                                                       | MPH Acquisition Holdings LLC                                                       | CUSIP: 553283AD4<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |  155850000 | PA      | $121896519.00  | 0.17%             | 2028-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lennar Corp.                                                                       | Lennar Corp.                                                                       | CUSIP: 526057BZ6<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |   44675000 | PA      | $44101021.41   | 0.06%             | 2024-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Micron Technology, Inc.                                                            | Micron Technology, Inc.                                                            | CUSIP: 595112BQ5<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   34000000 | PA      | $30913116.20   | 0.04%             | 2030-02-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Lockheed Martin Corp.                                                              | CUSIP: 00C7XF5U2<br>LEI: N/A                  | N/A              | DE               |  | US        |      -5000 | NC      | $-955000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Nederland Holding BV                                                         | Alcoa Nederland Holding BV                                                         | CUSIP: 013822AG6<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |   75122000 | PA      | $66753683.40   | 0.10%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Union Pacific Corp.                                                                | CUSIP: 00CA1FQB9<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-1200000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals North America, Inc.                                                 | United Rentals North America, Inc.                                                 | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |  115000000 | PA      | $109233325.00  | 0.16%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| OneMain Finance Corp.                                                              | OneMain Finance Corp.                                                              | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   42100000 | PA      | $34503499.58   | 0.05%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                                                  | BAT Capital Corp.                                                                  | CUSIP: 05526DAZ8<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   78500000 | PA      | $75635312.85   | 0.11%             | 2024-08-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III BV                                     | Teva Pharmaceutical Finance Netherlands III BV                                     | CUSIP: 88167AAN1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   27220000 | PA      | $27111664.40   | 0.04%             | 2025-01-31      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NXP BV / NXP Funding LLC / NXP USA, Inc.                                           | NXP BV / NXP Funding LLC / NXP USA, Inc.                                           | CUSIP: 62954HAZ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   15000000 | PA      | $14268472.20   | 0.02%             | 2026-06-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                          | Williams Cos., Inc. (The)                                                          | CUSIP: 969457BZ2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   70000000 | PA      | $65369707.20   | 0.09%             | 2032-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Institutional Fiduciary Trust - Money Market Portfolio                             | Institutional Fiduciary Trust - Money Market Portfolio                             | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        | 1445506993 | NS      | $1445506992.57 | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.              | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.              | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   90000000 | PA      | $72762750.00   | 0.10%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                          | Vistra Operations Co. LLC                                                          | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  120000000 | PA      | $103635828.00  | 0.15%             | 2029-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                   | AutoNation, Inc.                                                                   | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   40959000 | PA      | $36636597.96   | 0.05%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                                                  | BAT Capital Corp.                                                                  | CUSIP: 05526DBB0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  215000000 | PA      | $196757282.25  | 0.28%             | 2027-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| KB Home                                                                            | KB Home                                                                            | CUSIP: 48666KBA6<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |   23800000 | PA      | $23155972.00   | 0.03%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Rain CII Carbon LLC / CII Carbon Corp.                                             | Rain CII Carbon LLC / CII Carbon Corp.                                             | CUSIP: 75079RAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   33249000 | PA      | $30691486.92   | 0.04%             | 2025-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                    | Goldman Sachs Group, Inc. (The)                                                    | CUSIP: 38141GXH2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   25000000 | PA      | $22532063.25   | 0.03%             | 2030-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG into Apple, Inc.                                                  | Credit Suisse AG into Apple, Inc.                                                  | CUSIP: 225510478<br>LEI: ANGGYXNX0JLX3X63JN86 | Long             | SN               | CORP              | CH        |    1740000 | NS      | $227233194.44  | 0.32%             | 2023-07-05      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Freeport-McMoRan, Inc.                                                             | CUSIP: 00C88WS51<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-290000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                                       | Oracle Corp.                                                                       | CUSIP: 68389XCE3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  101000000 | PA      | $83990007.23   | 0.12%             | 2031-03-25      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UBS AG into NextEra Energy, Inc.                                                   | UBS AG into NextEra Energy, Inc.                                                   | CUSIP: 90278V552<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | SN               | CORP              | CH        |    1695000 | NS      | $133941703.45  | 0.19%             | 2023-03-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Honeywell International, Inc.                                                      | CUSIP: 00PADLZF0<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-2490000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                    | Goldman Sachs Group, Inc. (The)                                                    | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   43600000 | PA      | $34533933.72   | 0.05%             | 2032-10-21      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Clarion Partners Real Estate Income Fund, Inc.                                     | Clarion Partners Real Estate Income Fund, Inc., Class I                            | CUSIP: 180567406<br>LEI: 549300HQZ8T32H6E5695 | Long             |  | RF                | US        |    7867833 | NS      | $97954518.24   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                                              | Dominion Energy, Inc.                                                              | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |    9000000 | NS      | $551880000.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                                       | Oracle Corp.                                                                       | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   45000000 | PA      | $47240108.10   | 0.07%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                 | T-Mobile USA, Inc.                                                                 | CUSIP: 87264ACV5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   45000000 | PA      | $44738399.70   | 0.06%             | 2033-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                                                   | Goodyear Tire & Rubber Co. (The)                                                   | CUSIP: 382550BF7<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   77000000 | PA      | $72758969.36   | 0.10%             | 2026-05-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| T-Mobile USA, Inc.                                                                 | T-Mobile USA, Inc.                                                                 | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $26480835.00   | 0.04%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Philip Morris International, Inc.                                                  | CUSIP: 00PA4DHK7<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-1050000.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Financial Co., Inc.                                                 | General Motors Financial Co., Inc.                                                 | CUSIP: 37045XDS2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   80000000 | PA      | $62880667.20   | 0.09%             | 2032-01-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| QUALCOMM, Inc.                                                                     | QUALCOMM, Inc.                                                                     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    1000000 | NS      | $109940000.00  | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                          | Ford Motor Credit Co. LLC                                                          | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $30816000.00   | 0.04%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | Exxon Mobil Corp.                                                                  | CUSIP: 00C9K6623<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-310000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CFX4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  500000000 | PA      | $500058595.00  | 0.71%             | 2024-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| American Water Capital Corp.                                                       | American Water Capital Corp.                                                       | CUSIP: 03040WBA2<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   40336000 | PA      | $38711725.75   | 0.06%             | 2032-06-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| United Rentals North America, Inc.                                                 | United Rentals North America, Inc.                                                 | CUSIP: 911363AM1<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |  104657000 | PA      | $87968918.07   | 0.13%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                          | Williams Cos., Inc. (The)                                                          | CUSIP: 969457BX7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   27575000 | PA      | $24175591.23   | 0.03%             | 2030-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG into Amazon.com, Inc.                                             | Credit Suisse AG into Amazon.com, Inc.                                             | CUSIP: 225510353<br>LEI: ANGGYXNX0JLX3X63JN86 | Long             | SN               | CORP              | CH        |      91000 | NS      | $155262658.00  | 0.22%             | 2023-02-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Chart Industries, Inc.                                                             | Chart Industries, Inc.                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $30196200.00   | 0.04%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                          | Ford Motor Credit Co. LLC                                                          | CUSIP: 345397A60<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  110000000 | PA      | $105989576.00  | 0.15%             | 2025-06-16      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                                       | Barclays plc                                                                       | CUSIP: 06738ECA1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  100000000 | PA      | $94750828.00   | 0.14%             | 2033-08-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ford Motor Co.                                                                     | Ford Motor Co.                                                                     | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    6938687 | NS      | $80696929.81   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                                                              | Lockheed Martin Corp.                                                              | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |    1100000 | NS      | $535139000.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                                                         | Prudential Financial, Inc.                                                         | CUSIP: 744320BF8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   65000000 | PA      | $62163400.00   | 0.09%             | 2048-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                | Medline Borrower LP                                                                | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  226000000 | PA      | $179908430.00  | 0.26%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | 3M Co.                                                                             | CUSIP: 00C7X8HV3<br>LEI: N/A                  | N/A              | DE               |  | US        |     -10000 | NC      | $-90000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                                                                   | McDonald's Corp.                                                                   | CUSIP: 58013MFS8<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $39238396.80   | 0.06%             | 2032-09-09      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                 | Energy Transfer LP                                                                 | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   30000000 | PA      | $29408550.00   | 0.04%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Everi Holdings, Inc.                                                               | Everi Holdings, Inc.                                                               | CUSIP: 30034TAA1<br>LEI: 5299006DK5S7BG10K532 | Long             | DBT              | CORP              | US        |   20000000 | PA      | $17205331.00   | 0.02%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                                                  | Lowe's Cos., Inc.                                                                  | CUSIP: 548661EH6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $35694606.40   | 0.05%             | 2032-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc/AAdvantage Loyalty IP Ltd.                                   | American Airlines Inc/AAdvantage Loyalty IP Ltd.                                   | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   79850000 | PA      | $73123503.07   | 0.10%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Instruments, Inc.                                                            | Texas Instruments, Inc.                                                            | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    4659693 | NS      | $769874477.46  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                                                   | ArcelorMittal SA                                                                   | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   25000000 | PA      | $25160490.00   | 0.04%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Service Properties Trust                                                           | Service Properties Trust                                                           | CUSIP: 44106MAZ5<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |   32445000 | PA      | $29546088.57   | 0.04%             | 2024-10-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CFQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 1000000000 | PA      | $997226560.00  | 1.42%             | 2024-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                                                              | Ashtead Capital, Inc.                                                              | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   34500000 | PA      | $32288853.26   | 0.05%             | 2027-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                      | Netflix, Inc.                                                                      | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   50000000 | PA      | $50801500.00   | 0.07%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                                                | Union Pacific Corp.                                                                | CUSIP: 907818GB8<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   73000000 | PA      | $71614934.50   | 0.10%             | 2033-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROBLOX Corp.                                                                       | ROBLOX Corp.                                                                       | CUSIP: 771049AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   50000000 | PA      | $39475000.00   | 0.06%             | 2030-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International Bank into Cummins, Inc.                                | Goldman Sachs International Bank into Cummins, Inc.                                | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | Long             | SN               | CORP              | GB        |     650000 | NS      | $157065310.45  | 0.22%             | 2023-01-10      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Twilio, Inc.                                                                       | Twilio, Inc.                                                                       | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |   45000000 | PA      | $36616500.00   | 0.05%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                       | Oracle Corp.                                                                       | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   40000000 | PA      | $36806291.60   | 0.05%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Structured Products BV into Pfizer, Inc.                               | J.P. Morgan Structured Products BV into Pfizer, Inc.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    4700000 | NS      | $241376979.69  | 0.34%             | 2023-02-13      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                      | Centene Corp.                                                                      | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |  162000000 | PA      | $148406712.84  | 0.21%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Humana, Inc.                                                                       | Humana, Inc.                                                                       | CUSIP: 444859BV3<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   35000000 | PA      | $36243757.20   | 0.05%             | 2033-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Penn Entertainment, Inc.                                                           | Penn Entertainment, Inc.                                                           | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   65000000 | PA      | $51434737.90   | 0.07%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. (The)                                                   | Goodyear Tire & Rubber Co. (The)                                                   | CUSIP: 382550BJ9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   52500000 | PA      | $43658753.25   | 0.06%             | 2031-04-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Bausch Health Cos., Inc.                                                           | Bausch Health Cos., Inc.                                                           | CUSIP: 071734AC1<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   53850000 | PA      | $36737547.00   | 0.05%             | 2027-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                                    | Citigroup, Inc.                                                                    | CUSIP: 172967GD7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  118000000 | PA      | $117144500.00  | 0.17%             | 2023-01-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc into Medtronic plc                                               | Barclays Bank plc into Medtronic plc                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    2600000 | NS      | $205789103.60  | 0.29%             | 2023-03-10      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                               | American Tower Corp.                                                               | CUSIP: 03027XBA7<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   15000000 | PA      | $12735768.15   | 0.02%             | 2030-01-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 1000000000 | PA      | $909433590.00  | 1.30%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| First Quantum Minerals Ltd.                                                        | First Quantum Minerals Ltd.                                                        | CUSIP: 335934AP0<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   35129000 | PA      | $34417637.75   | 0.05%             | 2024-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corp.                                   | MPT Operating Partnership LP / MPT Finance Corp.                                   | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  159000000 | PA      | $133998840.00  | 0.19%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                       | Oracle Corp.                                                                       | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  100000000 | PA      | $92039169.00   | 0.13%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.                          | JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.                          | CUSIP: 46590XAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   60000000 | PA      | $57376800.00   | 0.08%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                                       | Barclays plc                                                                       | CUSIP: 06738ECE3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   75000000 | PA      | $78814501.50   | 0.11%             | 2033-11-02      | Fixed         | 7.44%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Franklin Custodian Funds

**Signature:** Ryan Wheeler

**Name of Signer:** Ryan Wheeler

**Title:** Assistant Treasurer