# EDGAR Filing Document

**Accession Number:** 0000809707
**File Stem:** 0002071691-26-014410
**Filing Date:** 2026-6
**Character Count:** 78019
**Document Hash:** 355384c6286ec3c52f31a68ea45d61d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-014410.hdr.sgml**: 20260624

**ACCESSION NUMBER**: 0002071691-26-014410

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260624

**DATE AS OF CHANGE**: 20260624

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Investors Securities Trust
- **CENTRAL INDEX KEY:** 0000809707

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04986
- **FILM NUMBER:** 261113757

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2200

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN INVESTORS SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Franklin Managed Income Fund (Series ID: S000012705)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000034238 | Class A       | FBLAX           |
| C000034239 | Class C       | FBMCX           |
| C000034240 | Class R       | FBFQX           |
| C000034241 | Advisor Class | FBFZX           |
| C000128884 | Class R6      | FBFRX           |

## 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 Investors Securities Trust

- **b. Investment Company Act file number:** 811-04986

- **c. CIK number of Registrant:** 0000809707

- **d. LEI of Registrant:** 549300XUGIR9DEQFV548

- **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 Managed Income Fund

- **b. EDGAR series identifier (if any):** S000012705

- **c. LEI of Series:** XM9TFFPJNQZE8D26W802

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

- **a. Date of fiscal year-end:** 2026-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3469741729.28

**Total Liabilities:** $2729342.38

**Net Assets:** $3467012386.90

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -26046.13000000 | **5-Year:** -276037.35000000 | **10-Year:** -217676.54000000 | **30-Year:** -396292.42000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000034238 | 2.68%                | -2.55%               | 2.02%                |
| Class ID C000034239 | 2.57%                | -2.50%               | 1.90%                |
| Class ID C000034240 | 2.58%                | -2.49%               | 2.00%                |
| Class ID C000034241 | 2.62%                | -2.45%               | 2.04%                |
| Class ID C000128884 | 2.70%                | -2.52%               | 2.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $55549070.91             | $26397309.46                               |
| Month 2  | $-651098.31              | $-96628911.40                              |
| Month 3  | $5295692.57              | $54956453.77                               |

**Designated Index Information**

- **Index Name:** ICE BofA Corp. & High Yield + Barclays US Agg + MSCI USA High Div. Yield Index

- **Index Identifier:** HB10266

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories                                                     | Abbott Laboratories                                                     | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    250000 | NS      | $22697500.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                                            | AbbVie, Inc.                                                            | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    165000 | NS      | $34867800.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                                            | AbbVie, Inc.                                                            | CUSIP: 00287YCY3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14562357.00  | 0.42%             | 2035-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust               | AerCap Ireland Capital DAC / AerCap Global Aviation Trust               | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  20000000 | PA      | $18285436.20  | 0.53%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Air Products and Chemicals, Inc.                                        | Air Products and Chemicals, Inc.                                        | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    140000 | NS      | $42007000.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp.                                                         | Albemarle Corp.                                                         | CUSIP: 012653200<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EP               | CORP              | US        |    280000 | NS      | $21823200.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                                        | Amazon.com, Inc.                                                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     79723 | NS      | $21131378.38  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                                                    | American Tower Corp.                                                    | CUSIP: 03027XCF5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10490747.70  | 0.30%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                                             | Amgen, Inc.                                                             | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     50000 | NS      | $17312500.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                                                    | Analog Devices, Inc.                                                    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    100000 | NS      | $40226000.00  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                                        | ArcelorMittal SA                                                        | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |  10000000 | PA      | $10292093.60  | 0.30%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Ares Management Corp.                                                   | Ares Management Corp., Series B                                         | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |    500000 | NS      | $19620000.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Capital, Inc.                                                   | Ashtead Capital, Inc.                                                   | CUSIP: 045054AR4<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10386848.10  | 0.30%             | 2033-10-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                                                   | Ashtead Capital, Inc.                                                   | CUSIP: 04505AAA7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15329910.45  | 0.44%             | 2032-08-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                                       | BAT Capital Corp.                                                       | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $28692770.50  | 0.83%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                   | Bank of America Corp.                                                   | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    400000 | NS      | $21384000.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                                   | Bank of America Corp.                                                   | CUSIP: 06051GLU1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15736681.20  | 0.45%             | 2034-09-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                            | Barclays plc                                                            | CUSIP: 06738ECA1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  10000000 | PA      | $10308105.30  | 0.30%             | 2033-08-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                            | Barclays plc                                                            | CUSIP: 06738ECD5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  15000000 | PA      | $15597833.70  | 0.45%             | 2028-11-02      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Beignet Investor LLC                                                    | Beignet Investor LLC                                                    | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20672801.20  | 0.60%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                        | Boeing Co. (The)                                                        | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     40000 | NS      | $9161200.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co. (The)                                                        | Boeing Co. (The)                                                        | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |    300000 | NS      | $21660000.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                                          | Broadcom, Inc.                                                          | CUSIP: 11135FCT6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $18056571.60  | 0.52%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Brown & Brown, Inc.                                                     | Brown & Brown, Inc.                                                     | CUSIP: 115236AC5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $22131958.50  | 0.64%             | 2031-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                        | CVS Health Corp.                                                        | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    200000 | NS      | $16658000.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                                             | Capital One Financial Corp.                                             | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     65000 | NS      | $12434500.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                                             | Capital One Financial Corp.                                             | CUSIP: 14040HCT0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10038410.30  | 0.29%             | 2033-05-10      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                             | Capital One Financial Corp.                                             | CUSIP: 14040HCZ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10342082.10  | 0.30%             | 2029-06-08      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp.                                                    | Carrier Global Corp.                                                    | CUSIP: 14448CBC7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $21090160.80  | 0.61%             | 2034-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Chevron Corp.                                                           | Chevron Corp.                                                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    325000 | NS      | $62825750.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                                                     | Cisco Systems, Inc.                                                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    525000 | NS      | $48037500.00  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                                                         | Citigroup, Inc.                                                         | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10692600.60  | 0.31%             | 2033-11-17      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                         | Citigroup, Inc.                                                         | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15406162.35  | 0.44%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                                                     | Coca-Cola Co. (The)                                                     | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    300000 | NS      | $23628000.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                                                           | Comcast Corp., Class A                                                  | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    800000 | NS      | $21632000.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                                          | ConocoPhillips                                                          | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     75000 | NS      | $9433500.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle, Inc.                                                      | Crown Castle, Inc.                                                      | CUSIP: 22822VBC4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9920883.10   | 0.29%             | 2033-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co. (The)                                                  | Dow Chemical Co. (The)                                                  | CUSIP: 260543DG5<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10566346.70  | 0.30%             | 2033-03-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                                       | Duke Energy Corp.                                                       | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |    300000 | NS      | $38865000.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                                    | Edison International                                                    | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |    175000 | NS      | $12160750.00  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                                    | Edison International                                                    | CUSIP: 281020AW7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $21008467.20  | 0.61%             | 2029-11-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                      | Energy Transfer LP                                                      | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15624642.45  | 0.45%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                                       | Exxon Mobil Corp.                                                       | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    400000 | NS      | $61732000.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC Pool                                                              | FHLMC Pool, 30 Year                                                     | CUSIP: 3132DWG80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14307381 | PA      | $14173560.51  | 0.41%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                              | FHLMC Pool, 30 Year                                                     | CUSIP: 3132DWHT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  38514500 | PA      | $38871291.08  | 1.12%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                              | FHLMC Pool, 30 Year                                                     | CUSIP: 3132DWJR5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6650808 | PA      | $6707200.96   | 0.19%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                              | FHLMC Pool, 30 Year                                                     | CUSIP: 3132DWMX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  21657354 | PA      | $21366585.17  | 0.62%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                              | FHLMC Pool, 30 Year                                                     | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8018847 | PA      | $8068821.19   | 0.23%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                              | FHLMC Pool, 30 Year                                                     | CUSIP: 3132DWNK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10730849 | PA      | $10796081.20  | 0.31%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                              | FHLMC Pool, 30 Year                                                     | CUSIP: 3132DWNX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6770851 | PA      | $6811650.67   | 0.20%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, 30 Year                                                           | CUSIP: 3140QBMZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    817861 | PA      | $780601.05    | 0.02%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, 30 Year                                                           | CUSIP: 3140XPBW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  34579524 | PA      | $34232995.07  | 0.99%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, 30 Year                                                           | CUSIP: 31418ER77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14246441 | PA      | $14112457.90  | 0.41%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, 30 Year                                                           | CUSIP: 31418ER93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  29404350 | PA      | $30162623.46  | 0.87%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, 30 Year                                                           | CUSIP: 31418FED5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8749346 | PA      | $8802085.18   | 0.25%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                    | FNMA, 30 Year                                                           | CUSIP: 31418FNK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13498426 | PA      | $13788484.02  | 0.40%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                              | FHLMC Pool, 30 Year                                                     | CUSIP: 3142J6BU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3991040 | PA      | $4076800.32   | 0.12%             | 2055-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                     | Fifth Third Bancorp                                                     | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    300000 | NS      | $15228000.00  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                                     | Fifth Third Bancorp                                                     | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10358077.20  | 0.30%             | 2029-07-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Five Corners Funding Trust III                                          | Five Corners Funding Trust III                                          | CUSIP: 33830GAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10385337.60  | 0.30%             | 2033-02-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Flex Ltd.                                                               | Flex Ltd.                                                               | CUSIP: 33938XAB1<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |  20000000 | PA      | $20014838.80  | 0.58%             | 2030-05-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan, Inc.                                                  | Freeport-McMoRan, Inc.                                                  | CUSIP: 35671DCH6<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14964906.00  | 0.43%             | 2030-08-01      | Fixed         | 4.62%                 | 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        |  20000000 | PA      | $17885582.80  | 0.52%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                         | CUSIP: 3618N56K0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  16467335 | PA      | $16832825.65  | 0.49%             | 2056-01-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                         | CUSIP: 3618N5GP8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  74655812 | PA      | $75344549.94  | 2.17%             | 2055-02-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                         | CUSIP: 3618N5MQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8252206 | PA      | $8330410.88   | 0.24%             | 2055-05-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                         | CUSIP: 3618N5PJ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  10699339 | PA      | $10790673.59  | 0.31%             | 2055-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                         | CUSIP: 3618N5TP4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8963390 | PA      | $9148422.65   | 0.26%             | 2055-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                    | GNMA II, Single-family, 30 Year                                         | CUSIP: 3618N5XQ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  98185962 | PA      | $99001107.75  | 2.86%             | 2055-10-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| General Motors Co.                                                      | General Motors Co.                                                      | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15350134.50  | 0.44%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                      | General Motors Financial Co., Inc.                                      | CUSIP: 37045XCY0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19109667.20  | 0.55%             | 2030-06-21      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                      | General Motors Financial Co., Inc.                                      | CUSIP: 37045XED4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10651648.70  | 0.31%             | 2033-01-09      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                         | Goldman Sachs Group, Inc. (The)                                         | CUSIP: 38141GA53<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10868245.40  | 0.31%             | 2034-10-24      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                         | Goldman Sachs Group, Inc. (The)                                         | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13357071.45  | 0.39%             | 2032-10-21      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                         | Goldman Sachs Group, Inc. (The)                                         | CUSIP: 38145GAU4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9737217.70   | 0.28%             | 2041-02-02      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                               | HCA, Inc.                                                               | CUSIP: 404119CQ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15348644.85  | 0.44%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HP, Inc.                                                                | HP, Inc.                                                                | CUSIP: 40434LAN5<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15280284.45  | 0.44%             | 2033-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Healthpeak OP LLC                                                       | Healthpeak OP LLC                                                       | CUSIP: 42250PAE3<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20191297.40  | 0.58%             | 2032-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                                  | Home Depot, Inc. (The)                                                  | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    150000 | NS      | $49320000.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International, Inc.                                           | Honeywell International, Inc.                                           | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |    100000 | NS      | $21433000.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana, Inc.                                                            | Humana, Inc.                                                            | CUSIP: 444859BV3<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15391711.05  | 0.44%             | 2033-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ingersoll Rand, Inc.                                                    | Ingersoll Rand, Inc.                                                    | CUSIP: 45687VAB2<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20833634.80  | 0.60%             | 2033-08-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund                | Franklin Institutional U.S. Government Money Market Fund                | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |  72199572 | NS      | $72199572.37  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.                                   | International Business Machines Corp.                                   | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |    100000 | NS      | $23098000.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS NV / JBS USA Foods Group Holdings, Inc. / JBS USA Food Co. Holdings | JBS NV / JBS USA Foods Group Holdings, Inc. / JBS USA Food Co. Holdings | CUSIP: 46590XAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   5000000 | PA      | $4694241.55   | 0.14%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                    | JPMorgan Chase & Co.                                                    | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     35000 | NS      | $10963050.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                                    | JPMorgan Chase & Co.                                                    | CUSIP: 46647PDY9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10728548.70  | 0.31%             | 2034-10-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JBS NV / JBS USA Foods Group Holdings, Inc. / JBS USA Food Co. Holdings | JBS NV / JBS USA Foods Group Holdings, Inc. / JBS USA Food Co. Holdings | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |  15000000 | PA      | $16311060.00  | 0.47%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                       | Johnson & Johnson                                                       | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    100000 | NS      | $22985000.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                                                   | Lockheed Martin Corp.                                                   | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     50000 | NS      | $25898500.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                                                        | McDonald's Corp.                                                        | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     50000 | NS      | $14679500.00  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                                                       | Merck & Co., Inc.                                                       | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    300000 | NS      | $32754000.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                                                           | MetLife, Inc.                                                           | CUSIP: 59156RAP3<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10248720.00  | 0.30%             | 2036-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                                         | Microsoft Corp.                                                         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     40000 | NS      | $16311200.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                          | Morgan Stanley                                                          | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    150000 | NS      | $28588500.00  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                          | Morgan Stanley                                                          | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $16080738.75  | 0.46%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                          | Morgan Stanley                                                          | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15292149.60  | 0.44%             | 2034-07-21      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                        | NRG Energy, Inc.                                                        | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10876570.00  | 0.31%             | 2033-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Nestle SA                                                               | Nestle SA                                                               | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    170000 | NS      | $17251600.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                                                    | NextEra Energy, Inc.                                                    | CUSIP: 65339F119<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |    475000 | NS      | $25588250.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                                                              | NIKE, Inc., Class B                                                     | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    128000 | NS      | $5678080.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                            | Oracle Corp.                                                            | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     50000 | NS      | $8069500.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                            | Oracle Corp., Series D                                                  | CUSIP: 68389X204<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EP               | CORP              | US        |    200000 | NS      | $9734000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                            | Oracle Corp.                                                            | CUSIP: 68389XBE4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $16939254.60  | 0.49%             | 2035-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                            | Oracle Corp.                                                            | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10267988.90  | 0.30%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                            | Oracle Corp.                                                            | CUSIP: 68389XDZ5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4804262.05   | 0.14%             | 2036-02-04      | Fixed         | 5.70%                 | 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        |  10000000 | PA      | $10558162.10  | 0.30%             | 2033-10-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| PPL Corp.                                                               | PPL Corp.                                                               | CUSIP: 69351T866<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EP               | CORP              | US        |    100000 | NS      | $5044000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Gas and Electric Co.                                            | Pacific Gas and Electric Co.                                            | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19778472.20  | 0.57%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                            | Pacific Gas and Electric Co.                                            | CUSIP: 694308KJ5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10485677.20  | 0.30%             | 2033-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                           | PepsiCo, Inc.                                                           | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    350000 | NS      | $55471500.00  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer, Inc.                                                            | Pfizer, Inc.                                                            | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    750000 | NS      | $20025000.00  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.                                       | Philip Morris International, Inc.                                       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    100000 | NS      | $16507000.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp.                                                   | Pilgrim's Pride Corp.                                                   | CUSIP: 72147KAJ7<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |  21000000 | PA      | $20199667.95  | 0.58%             | 2031-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)                                              | Procter & Gamble Co. (The)                                              | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    450000 | NS      | $66190500.00  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| RD Michigan Property Owner I LLC                                        | RD Michigan Property Owner I LLC                                        | CUSIP: 74941YAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20006043.80  | 0.58%             | 2045-03-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                               | RTX Corp.                                                               | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    155000 | NS      | $27290850.00  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp.                                                     | Regal Rexnord Corp.                                                     | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20509317.00  | 0.59%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Rio Tinto plc                                                           | Rio Tinto plc                                                           | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    250000 | NS      | $25120000.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell plc                                                               | Shell plc                                                               | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |    250000 | NS      | $22667500.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                                                        | Salesforce, Inc.                                                        | CUSIP: 79466LAU8<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9976127.30   | 0.29%             | 2036-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SLB Ltd.                                                                | SLB Ltd.                                                                | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    321000 | NS      | $18258480.00  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp. (The)                                              | Charles Schwab Corp. (The)                                              | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    150000 | NS      | $13746000.00  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp. (The)                                              | Charles Schwab Corp. (The)                                              | CUSIP: 808513CE3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10498474.50  | 0.30%             | 2034-05-19      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Sempra, Inc.                                                            | Sempra, Inc.                                                            | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    250000 | NS      | $23780000.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra, Inc.                                                            | Sempra, Inc.                                                            | CUSIP: 816851BR9<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15458823.75  | 0.45%             | 2033-08-01      | Fixed         | 5.50%                 | No            |                  2 | 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        |  20833333 | PA      | $20854222.12  | 0.60%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                      | Southern Co. (The)                                                      | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |    500000 | NS      | $48350000.00  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                                                      | Southern Co. (The), Series A                                            | CUSIP: 842587842<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |    175000 | NS      | $9105250.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                                                      | Southern Co. (The)                                                      | CUSIP: 842587DL8<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15684525.30  | 0.45%             | 2032-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                      | Southern Co. (The)                                                      | CUSIP: 842587EJ2<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10112950.00  | 0.29%             | 2058-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                                         | Starbucks Corp.                                                         | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    150000 | NS      | $15799500.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments, Inc.                                                 | Texas Instruments, Inc.                                                 | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    200000 | NS      | $56216000.00  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                                                  | Truist Financial Corp.                                                  | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9997595.00   | 0.29%             | 2034-01-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                  | Truist Financial Corp.                                                  | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    350000 | NS      | $18025000.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                                              | US Bancorp                                                              | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    250000 | NS      | $14165000.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                                                     | Union Pacific Corp.                                                     | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    150000 | NS      | $40422000.00  | 1.17%             |  |  |  | No            |                  1 | 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        |   3111542 | PA      | $3168957.40   | 0.09%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                             | United Parcel Service, Inc., Class B                                    | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    175000 | NS      | $19040000.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals North America, Inc.                                      | United Rentals North America, Inc.                                      | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |  22500000 | PA      | $22899307.50  | 0.66%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                              | US Bancorp                                                              | CUSIP: 91159HJJ0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10490819.70  | 0.30%             | 2033-10-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| United States of America                                                | U.S. Treasury Bonds                                                     | CUSIP: 912803HD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 265000000 | PA      | $63568343.10  | 1.83%             | 2054-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                                | U.S. Treasury Bonds                                                     | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60000000 | PA      | $57697265.40  | 1.66%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                            | Verizon Communications, Inc.                                            | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    100000 | NS      | $4803000.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris, Inc.                                                           | Viatris, Inc.                                                           | CUSIP: 92556VAD8<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $18228976.00  | 0.53%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP / VICI Note Co., Inc.                                | VICI Properties LP / VICI Note Co., Inc.                                | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19692950.60  | 0.57%             | 2029-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                               | Vistra Operations Co. LLC                                               | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19632957.20  | 0.57%             | 2029-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                       | Wells Fargo & Co.                                                       | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25457559.00  | 0.73%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                               | Williams Cos., Inc. (The)                                               | CUSIP: 969457CJ7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20717010.60  | 0.60%             | 2033-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                    | JPMorgan Chase & Co., Series NN                                         | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10424050.00  | 0.30%             | 2029-06-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada into Microchip Technology, Inc.                    | Royal Bank of Canada into Microchip Technology, Inc.                    | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    355000 | NS      | $20537720.57  | 0.59%             | 2026-05-05      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Merrill Lynch BV into Advanced Micro Devices, Inc.                      | Merrill Lynch BV into Advanced Micro Devices, Inc.                      | CUSIP: 59027W336<br>LEI: 549300RQ1D1WIE085245 | Long             | SN               | CORP              | NL        |    125000 | NS      | $13746309.73  | 0.40%             | 2026-05-06      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA into Applied Materials, Inc.                     | Goldman Sachs Bank USA into Applied Materials, Inc.                     | CUSIP: 38151L407<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | SN               | CORP              | US        |    135000 | NS      | $22577891.67  | 0.65%             | 2026-05-05      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA into Target Corp.                                   | Wells Fargo Bank NA into Target Corp.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | SN               | CORP              | US        |    275000 | NS      | $34142770.39  | 0.98%             | 2026-05-13      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Merrill Lynch BV into Freeport-McMoRan, Inc.                            | Merrill Lynch BV into Freeport-McMoRan, Inc.                            | CUSIP: 59027W351<br>LEI: 549300RQ1D1WIE085245 | Long             | SN               | CORP              | NL        |    805000 | NS      | $36602851.01  | 1.06%             | 2026-05-12      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Merrill Lynch BV into UnitedHealth Group, Inc.                          | Merrill Lynch BV into UnitedHealth Group, Inc.                          | CUSIP: N/A<br>LEI: 549300RQ1D1WIE085245       | Long             | SN               | CORP              | NL        |     55000 | NS      | $20104257.29  | 0.58%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Royal Bank of Canada into Texas Instruments, Inc.                       | Royal Bank of Canada into Texas Instruments, Inc.                       | CUSIP: N/A<br>LEI: ES7IP3U3RHIGC71XBU11       | Long             | SN               | CORP              | CA        |     68000 | NS      | $16604473.12  | 0.48%             | 2026-07-21      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc into Micron Technology, Inc.                          | Barclays Bank plc into Micron Technology, Inc.                          | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | Long             | SN               | CORP              | GB        |     85000 | NS      | $12821508.43  | 0.37%             | 2026-09-08      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV into Target Corp.                               | BNP Paribas Issuance BV into Target Corp.                               | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |     55000 | NS      | $5843298.24   | 0.17%             | 2026-10-07      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP into Meta Platforms, Inc.                      | Mizuho Markets Cayman LP into Meta Platforms, Inc.                      | CUSIP: 60701B523<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |     33000 | NS      | $19930574.18  | 0.57%             | 2026-12-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP into Microsoft Corp.                           | Mizuho Markets Cayman LP into Microsoft Corp.                           | CUSIP: 60701B747<br>LEI: 549300KHUXLS6Q30KT26 | Long             | SN               | CORP              | KY        |     50000 | NS      | $21088679.77  | 0.61%             | 2027-01-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Structured Products BV into Amazon.com, Inc.                | J.P. Morgan Structured Products BV into Amazon.com, Inc.                | CUSIP: N/A<br>LEI: XZYUUT6IYN31D9K77X08       | Long             | SN               | CORP              | NL        |     45000 | NS      | $10934505.50  | 0.32%             | 2027-01-11      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc. into Halliburton Co.            | Citigroup Global Markets Holdings, Inc. into Halliburton Co.            | CUSIP: N/A<br>LEI: 82VOJDD5PTRDMVVMGV31       | Long             | SN               | CORP              | US        |    495000 | NS      | $17377253.43  | 0.50%             | 2027-01-26      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The) into Starbucks Corp.                        | Toronto-Dominion Bank (The) into Starbucks Corp.                        | CUSIP: 89112B244<br>LEI: PT3QB789TSUIDF371261 | Long             | SN               | CORP              | CA        |    125000 | NS      | $12421373.36  | 0.36%             | 2027-01-27      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Issuance BV into NextEra Energy, Inc.                       | BNP Paribas Issuance BV into NextEra Energy, Inc.                       | CUSIP: N/A<br>LEI: 7245009UXRIGIRYOBR48       | Long             | SN               | CORP              | NL        |    254000 | NS      | $23146169.37  | 0.67%             | 2027-02-10      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Holdings, Inc. into Workday, Inc.              | Citigroup Global Markets Holdings, Inc. into Workday, Inc.              | CUSIP: 17333Q310<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | SN               | CORP              | US        |     75000 | NS      | $9474798.08   | 0.27%             | 2027-02-24      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| UBS AG into Bank of America Corp.                                       | UBS AG into Bank of America Corp.                                       | CUSIP: 90304M485<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | SN               | CORP              | CH        |    125000 | NS      | $6666114.30   | 0.19%             | 2027-03-03      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EURO                                                                    | EURO                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |     36929 | OU      | $43342.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                                        | TotalEnergies SE                                                        | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |    275000 | NS      | $25495250.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca plc                                                         | AstraZeneca plc                                                         | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     90000 | NS      | $16863300.00  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc                                                           | Accenture plc, Class A                                                  | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |     50000 | NS      | $8935500.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc                                      | Johnson Controls International plc                                      | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |    100000 | NS      | $14603000.00  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                                           | Medtronic plc                                                           | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |    125000 | NS      | $10121250.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Franklin Investors Securities Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer