Franklin Duration Income Trust : Portfolio Holdings - Franklin Limited Duration Income Trust

Franklin Limited Duration Income Trust

Franklin Limited Duration Income

Trust

#ERROR

April 30, 2024

Closed-End Fund Portfolio Holdings

The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and is "as of" the date indicated.

This portfolio data should not be relied upon as a complete listing of a fund's holdings (or of a fund's top holdings) as information on particular holdings may be withheld if it is in the fund's interest to do so. Additionally, foreign currency forwards are not included in the portfolio data. Instead, the net market value of all currency forward contracts is included in cash and other net assets of the fund. Further, portfolio holdings data of over-the-counter derivative investments such as Credit Default Swaps, Interest Rate Swaps or other Swap contracts list only the name of counterparty to the derivative contract, not the details of the derivative. Complete portfolio data can be found in the statement of investments in the annual and semi-annual report to shareholders.

Security	Security	Shares/	Market	% of	Coupon	Maturity
Identifier	Name	Positions Held	Value	TNA	Rate	Date
68251PAA5	1375209 BC LTD	327,000	$321,384	0.11%	9.00%	01/30/28
90132BAA5	24 HOUR FITNESS WORLDWIDE INC	1,500,000	$0	0.00%	8.00%	06/01/22
DDD1120874	ACRISURE LLC	771,859	$772,418	0.27%	FLOATER	02/15/27
DDD1156339	ACRISURE LLC	190,760	$191,237	0.07%	FLOATER	02/13/27
DDD1173477	ACRISURE LLC	170,891	$171,675	0.06%	FLOATER	02/15/27
BQXHYR4	ADIENT GLOBAL HOLDINGS LTD	400,000	$404,518	0.14%	7.00%	04/15/28
BQXJCN2	ADIENT GLOBAL HOLDINGS LTD	1,200,000	$1,247,328	0.44%	8.25%	04/15/31
DDD1324137	ADIENT US LLC	474,654	$477,324	0.17%	FLOATER	01/31/31
DDD1150652	ADMI CORP	204,098	$197,539	0.07%	FLOATER	12/23/27
DDD1318374	ADMI CORP	129,545	$130,598	0.05%	FLOATER	12/27/30
DDD1131768	ADMI CORP (ASPEN DENTAL)	757,644	$732,479	0.26%	FLOATER	12/23/27
DDD1309605	AI AQUA MERGER SUB INC	158,730	$159,722	0.06%	FLOATER	07/30/28
DDD1339187	AIR CANADA	661,449	$666,824	0.23%	FLOATER	03/21/31
DDD675026	AIR MEDICAL GROUP HOLDINGS INC	497,373	$473,126	0.17%	FLOATER	03/14/25
DDD1126795	ALL DAY ACQUISITIONCO LLC (24 HOUR	1,276,481	$633,983	0.22%	FLOATER	12/28/25
FITNESS)
DDD1124796	ALL DAY HOLDINGS LLC	59,089	$886	0.00%	N/A	N/A
DDD1127792	ALL DAY HOLDINGS LLC	24,950	$4,553	0.00%	N/A	N/A
DDD1314515	ALLIANT HOLDINGS INTERMEDIATE LLC	483,508	$485,974	0.17%	FLOATER	12/09/30
01883LAA1	ALLIANT HOLDINGS INTERMEDIATE	400,000	$392,577	0.14%	6.75%	10/15/27
LLC / ALLIANT HOLDINGS CO-ISSUER
01883LAF0	ALLIANT HOLDINGS INTERMEDIATE	500,000	$501,916	0.18%	7.00%	01/15/31
LLC / ALLIANT HOLDINGS CO-ISSUER
019576AD9	ALLIED UNIVERSAL HOLDCO LLC	1,200,000	$1,204,150	0.42%	7.88%	02/15/31
DDD1145504	ALLIED UNIVERSAL HOLDCO LLC /	1,344,449	$1,346,970	0.47%	FLOATER	05/14/28
	ALLIED UNIVERSAL FINANCE CORP
DDD1261989	ALLIED UNIVERSAL HOLDCO LLC /	348,250	$350,146	0.12%	FLOATER	05/14/28
ALLIED UNIVERSAL FINANCE CORP
DDD1050519	ALLOY FINCO LIMITED	1,156,673	$998,498	0.35%	FLOATER	03/08/28
02007VAA8	ALLWYN ENTERTAINMENT FINANCING	800,000	$818,992	0.29%	7.88%	04/30/29
UK PLC
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	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date

02156TAB0 ALTICE FRANCE HOLDING SA

BJP8GP8

ALTICE FRANCE HOLDING SA

DDD1236331 ALTICE FRANCE SA

DDD1186061 AMENTUM GOVERNMENT SERVICES HOLDINGS LLC

DDD1310147 AMERICAN AIRLINES INC

DDD1137534 AMERICAN AIRLINES INC &

AADVANTAGE LOYALTY IP LTD

1,700,000	$605,099	0.21%	10.50%	05/15/27
300,000	$87,806	0.03%	6.00%	02/15/28
480,551	$362,366	0.13%	FLOATER	08/15/28
1,047,488	$1,051,196	0.37%	FLOATER	02/15/29
800,000	$803,836	0.28%	FLOATER	06/04/29
579,303	$603,260	0.21%	FLOATER	04/20/28

00253XAA9

AMERICAN AIRLINES INC/AADVANTAGE

LOYALTY IP LTD

666,666

$659,546

0.23%

5.50% 04/20/26

DDD1133578 AMERICAN TRAILER WORLD CORP

030727AA9 AMERITEX HOLDCO INTERMEDIATE LLC

00177HAE9 AMMC CLO 22 LTD

03212B103 AMPLIFY ENERGY CORP

1,135,380	$1,115,868	0.39%	FLOATER	03/05/28
600,000	$632,778	0.22%	10.25%	10/15/28
1,500,000	$1,504,438	0.53%	7.34%	04/25/31
281	$1,983	0.00%	N/A	N/A

03254TAC7

ANAGRAM HOLDINGS LLC/ANAGRAM INTERNATIONAL INC

166,428

$3,324

0.00%

N/A 08/15/26

03674XAQ9 ANTERO RESOURCES CORP

166,000

$170,167

0.06%

7.63% 02/01/29

03762UAD7

APOLLO COMMERCIAL REAL ESTATE

FINANCE INC

1,500,000

$1,237,722

0.43%

4.63% 06/15/29

00213MAW4 APX GROUP INC

039653AA8 ARCOSA INC

ARDAGH METAL PACKAGING FINANCE 03969YAB4 USA LLC / ARDAGH METAL PACKAGING

800,000	$744,811	0.26%	5.75%	07/15/29
300,000	$273,422	0.10%	4.38%	04/15/29
1,500,000	$1,237,858	0.43%	4.00%	09/01/29

03969AAQ3

FINANCE PLC

ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC

600,000

$594,720

0.21%

5.25% 04/30/25

03969AAR1

ARDAGH PACKAGING FINANCE PLC /

ARDAGH HOLDINGS USA INC

600,000

$306,624

0.11%

5.25% 08/15/27

DDD1306334 ARETEC GROUP INC (CETERA)

DDD1320988 ARSENAL AIC PARENT LLC

DDD1147656 ASCENSUS HOLDINGS INC AND MERCURY BORROWER INC

428,873	$431,629	0.15%	FLOATER	08/09/30
376,579	$379,874	0.13%	FLOATER	08/18/30
802,153	$802,655	0.28%	FLOATER	08/02/28

045086AK1

045086AP0

ASHTON WOODS USA LLC / ASHTON

WOODS FINANCE CO

ASHTON WOODS USA LLC / ASHTON

WOODS FINANCE CO

500,000	$498,836	0.18%	6.63%	01/15/28
1,000,000	$894,638	0.31%	4.63%	04/01/30

DDD1169168 ASP BLADE HOLDINGS INC

DDD1327031 ASSUREDPARTNERS INC

DDD1170410 ASTRO ONE ACQUISITION CORP

DDD1131833 ASURION LLC

DDD1154978 ASURION LLC

DDD1210075 ASURION LLC

DDD1186460 ATHENAHEALTH GROUP INC

01741RAN2	ATI INC
001940AC9	ATS CORP

DDD1152899 AVEANNA HEALTHCARE LLC

542,500	$474,625	0.17%	FLOATER	10/15/28
818,086	$822,594	0.29%	FLOATER	02/16/31
0	$0	0.00%	FLOATER	09/15/28
32,664	$29,872	0.01%	FLOATER	01/31/28
1,085,258	$981,480	0.34%	FLOATER	01/20/29
394,000	$383,712	0.13%	FLOATER	08/19/28
1,749,890	$1,749,347	0.61%	FLOATER	02/15/29
700,000	$716,858	0.25%	7.25%	08/15/30
1,300,000	$1,170,181	0.41%	4.13%	12/15/28
415,426	$400,822	0.14%	FLOATER	07/15/28

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	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	DDD1152902	AVEANNA HEALTHCARE LLC	0	$0	0.00%	FLOATER	07/15/28
	DDD1340755	AVENTIV TECHNOLOGIES LLC	0	$0	0.00%	FLOATER	07/31/25
	DDD1340759	AVENTIV TECHNOLOGIES LLC	18,688	$18,922	0.01%	FLOATER	12/26/24
	DDD1312830	AVIS BUDGET CAR RENTAL LLC	287,333	$286,675	0.10%	FLOATER	03/16/29
	DDD1339204	AZZ INC	235,794	$237,520	0.08%	FLOATER	05/13/29
	DDD1157819	BALLY'S CORP	980,477	$925,786	0.32%	FLOATER	10/01/28
	BS99WP2	BANIJAY ENTERTAINMENT SASU	1,100,000	$1,126,468	0.40%	8.13%	05/01/29
	DDD1198022	BARRACUDA NETWORKS INC	827,513	$828,871	0.29%	FLOATER	08/15/29
	071734AQ0	BAUSCH HEALTH COS INC	581,000	$454,917	0.16%	11.00%	09/30/28
	071734AR8	BAUSCH HEALTH COS INC	115,000	$74,750	0.03%	14.00%	10/15/30
	071705AA5	BAUSCH + LOMB CORP	600,000	$620,400	0.22%	8.38%	10/01/28
	DDD1297752	BAUSCH + LOMB CORP	497,500	$499,989	0.18%	FLOATER	09/29/28
	05508RAE6	B&G FOODS INC	352,000	$348,250	0.12%	5.25%	04/01/25
	05508WAB1	B&G FOODS INC	400,000	$369,670	0.13%	5.25%	09/15/27
	DDD1011005	B&G FOODS INC	302,138	$302,298	0.11%	FLOATER	10/10/26
	09075C104	BIRCH PERMIAN HOLDINGS INC	2,309	$19,410	0.01%	N/A	N/A
	09075C203	BIRCH PERMIAN HOLDINGS INC	17,998	$151,300	0.05%	N/A	N/A
	09630GAS2	BLUEMOUNTAIN CLO XXVI LTD	2,000,000	$1,995,408	0.70%	7.79%	10/20/34
	09627FAS9	BLUEMOUNTAIN CLO XXV LTD	1,500,000	$1,494,188	0.52%	7.84%	07/15/36
	09631BAJ2	BLUEMOUNTAIN CLO XXXI LTD	1,000,000	$976,457	0.34%	8.59%	04/19/34
	09631RAG3	BLUEMOUNTAIN CLO XXXV LTD	1,500,000	$1,482,264	0.52%	9.32%	07/22/35
	DDD1298832	BOOST NEWCO BORROWER LLC	434,782	$436,821	0.15%	FLOATER	01/31/31
		(WORLDPAY)
	103557AC8	BOYNE USA INC	300,000	$273,176	0.10%	4.75%	05/15/29
	DDD1344083	BRAND INDUSTRIAL SERVICES INC	242,718	$243,945	0.09%	FLOATER	08/01/30
		(BRANDSAFWAY)
	10554NAB4	BRASKEM IDESA SAPI	300,000	$225,488	0.08%	6.99%	02/20/32
	DDD1321265	BROWN GROUP HOLDING LLC	162,417	$162,866	0.06%	FLOATER	07/02/29
	12687GAA7	CABLEVISION LIGHTPATH LLC	700,000	$618,267	0.22%	3.88%	09/15/27
	12769GAC4	CAESARS ENTERTAINMENT INC	600,000	$591,556	0.21%	6.50%	02/15/32
	DDD1235318	CAESARS ENTERTAINMENT INC	297,000	$297,984	0.10%	FLOATER	02/02/30
		(CAESARS RESORT)
	128786AA8	CALDERYS FINANCING LLC	800,000	$850,422	0.30%	11.25%	06/01/28
	13057Q123	CALIFORNIA RESOURCES CORP	96	$1,653	0.00%	N/A	10/27/24
	13057Q305	CALIFORNIA RESOURCES CORP	42	$2,220	0.00%	N/A	N/A
	131347CN4	CALPINE CORP	1,500,000	$1,424,189	0.50%	5.13%	03/15/28
		CALUMET SPECIALTY PRODUCTS
	131477AV3	PARTNERS LP / CALUMET FINANCE	900,000	$861,709	0.30%	8.13%	01/15/27
		CORP
		CALUMET SPECIALTY PRODUCTS
	131477AX9	PARTNERS LP / CALUMET FINANCE	800,000	$827,612	0.29%	9.25%	07/15/29
		CORP
	13323AAB6	CAMELOT FINANCE SA	500,000	$476,617	0.17%	4.50%	11/01/26
	13323NAA0	CAMELOT RETURN MERGER SUB INC	500,000	$492,029	0.17%	8.75%	08/01/28
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	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date

14310MBC0

CARLYLE GLOBAL MARKET STRATEGIES CLO 2014-1 LTD

1,500,000

$1,501,728

0.53%

7.38% 04/17/31

14310MBE6

CARLYLE GLOBAL MARKET

2,300,000

$2,295,097

0.81%

8.18% 04/17/31

STRATEGIES CLO 2014-1 LTD 14315BAG1 CARLYLE US CLO 2017-4 LTD 14316BAS4 CARLYLE US CLO 2019-1 LTD 143658BL5 CARNIVAL CORP 143658BN1 CARNIVAL CORP

14366RAA7 CARNIVAL HOLDINGS BERMUDA LTD

DDD1125583 CCI BUYER INC (CONSUMER CELLULAR)

1,000,000	$1,000,912	0.35%	8.39%	01/15/30
1,500,000	$1,507,073	0.53%	7.79%	04/20/31
200,000	$201,375	0.07%	7.63%	03/01/26
1,500,000	$1,464,962	0.51%	5.75%	03/01/27
400,000	$433,956	0.15%	10.38%	05/01/28
696,699	$697,134	0.24%	FLOATER	12/17/27

1248EPCS0

CCO HOLDINGS LLC / CCO HOLDINGS

CAPITAL CORP

1,000,000

$917,376

0.32%

6.38% 09/01/29

15089QAN4 CELANESE US HOLDINGS LLC DDD1337878 CENGAGE LEARNING INC

DDD1300107 CENTRALINC PARENT INC / CDK GLOBAL

DDD1038343 CHAMP ACQUISITION CORP DDD1206299 CHARLOTTE BUYER INC DDD1323238 CHARTER NEXT GENERATION INC 16411QAG6 CHENIERE ENERGY PARTNERS LP 92735LAA0 CHESAPEAKE ENERGY CORP DDD1166207 CHG HEALTHCARE SERVICES INC DDD1287022 CHG HEALTHCARE SERVICES INC

1,000,000	$1,014,874	0.36%	6.33%	07/15/29
843,759	$846,472	0.30%	FLOATER	03/22/31
1,254,209	$1,260,768	0.44%	FLOATER	07/06/29
393,806	$396,145	0.14%	FLOATER	12/21/25
708,194	$712,397	0.25%	FLOATER	02/11/28
1,525,625	$1,533,085	0.54%	FLOATER	12/01/27
400,000	$374,566	0.13%	4.50%	10/01/29
500,000	$500,042	0.18%	6.75%	04/15/29
420,000	$421,383	0.15%	FLOATER	09/30/28
145,975	$146,887	0.05%	FLOATER	09/30/28

17027NAC6

CHOBANI LLC / CHOBANI FINANCE CORP INC

200,000

$202,365

0.07%

7.63% 07/01/29

DDD1339828 CHROMALLOY CORP

337,001

$339,107

0.12% FLOATER 03/27/31

12543DBC3

CHS/COMMUNITY HEALTH SYSTEMS

INC

247,000

$246,037

0.09%

8.00% 03/15/26

12543DBG4

CHS/COMMUNITY HEALTH SYSTEMS INC

400,000

$366,662

0.13%

5.63% 03/15/27

12543DBL3

CHS/COMMUNITY HEALTH SYSTEMS INC

500,000

$353,996

0.12%

6.13% 04/01/30

12543DBN9

CHS/COMMUNITY HEALTH SYSTEMS INC

500,000

$512,512

0.18%

10.88% 01/15/32

DDD1321273 CITADEL SECURITIES LP

17302XAN6 CITGO PETROLEUM CORP

315,257	$316,244	0.11%	FLOATER	07/28/30
500,000	$517,889	0.18%	8.38%	01/15/29

17323CAE7

CITIGROUP COMMERCIAL MORTGAGE TRUST

1,520,000

$1,497,843

0.53%

3.14% 02/10/48

DDD1140484 CITY BREWING COMPANY LLC 17888HAA1 CIVITAS RESOURCES INC 17888HAB9 CIVITAS RESOURCES INC

0	$0	0.00%	FLOATER	04/05/28
700,000	$731,103	0.26%	8.38%	07/01/28
700,000	$743,394	0.26%	8.75%	07/01/31

18453HAC0

18453HAD8

CLEAR CHANNEL OUTDOOR HOLDINGS INC

CLEAR CHANNEL OUTDOOR HOLDINGS

INC

300,000	$254,624	0.09%	7.75%	04/15/28
900,000	$726,102	0.25%	7.50%	06/01/29

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	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	18453HAE6	CLEAR CHANNEL OUTDOOR HOLDINGS	500,000	$514,524	0.18%	9.00%	09/15/28
	INC
	18539UAC9	CLEARWAY ENERGY OPERATING LLC	300,000	$282,986	0.10%	4.75%	03/15/28
	18539UAD7	CLEARWAY ENERGY OPERATING LLC	200,000	$169,316	0.06%	3.75%	02/15/31
	18539UAE5	CLEARWAY ENERGY OPERATING LLC	400,000	$331,587	0.12%	3.75%	01/15/32
	DDD1157779	CLOUDERA INC	370,752	$369,438	0.13%	FLOATER	10/08/28
	DDD1339972	CLOUD SOFTWARE GROUP INC	468,750	$468,808	0.16%	FLOATER	03/22/31
	DDD1321548	CNT HOLDINGS I CORP	145,759	$146,437	0.05%	FLOATER	11/06/27
	DDD1173366	COBHAM ULTRA SENIORCO SARL	330,568	$324,680	0.11%	FLOATER	12/24/28
	DDD960372	COMMSCOPE INC	396,883	$350,912	0.12%	FLOATER	04/04/26
	DDD1146773	CONAIR HOLDINGS LLC	656,656	$652,847	0.23%	FLOATER	05/17/28
	DDD1186910	CONDOR MERGER SUB INC	1,079,856	$1,083,608	0.38%	FLOATER	03/01/29
	BMXD8L6	CONSOLIDATED ENERGY FINANCE SA	600,000	$507,676	0.18%	5.63%	10/15/28
	21039CAB0	CONSTELLIUM SE	600,000	$532,618	0.19%	3.75%	04/15/29
		CONSUMER LOAN UNDERLYING BOND
	21055TAA4	CERTIFICATE ISSUER TRUST I SERIES	16,142	$15,389	0.01%	13.48%	08/15/44
		2019-26
		CONSUMER LOAN UNDERLYING BOND
	21055FAA4	CERTIFICATE ISSUER TRUST I SERIES	16,051	$14,942	0.01%	22.58%	09/15/44
		2019-31
		CONSUMER LOAN UNDERLYING BOND
	21054QAA1	CERTIFICATE ISSUER TRUST I SERIES	18,813	$17,944	0.01%	15.12%	10/17/44
		2019-37
		CONSUMER LOAN UNDERLYING BOND
	21055YAA3	CERTIFICATE ISSUER TRUST I SERIES	17,060	$16,172	0.01%	14.18%	11/15/44
		2019-42
		CONSUMER LOAN UNDERLYING BOND
	21055HAA0	CERTIFICATE ISSUER TRUST I SERIES	26,615	$25,271	0.01%	13.70%	01/15/45
		2019-51
		CONSUMER LOAN UNDERLYING BOND
	21056JAA5	CERTIFICATE ISSUER TRUST I SERIES	22,156	$21,017	0.01%	14.26%	01/15/45
		2019-52
		CONSUMER LOAN UNDERLYING BOND
	21050HAA5	CERTIFICATE ISSUER TRUST I SERIES	2,601	$2,562	0.00%	2.75%	05/16/44
		2019-SLCT2
		CONSUMER LOAN UNDERLYING BOND
	21055RAA8	CERTIFICATE ISSUER TRUST I SERIES	5,530	$5,413	0.00%	9.08%	06/15/44
		2019-SLCT3
		CONSUMER LOAN UNDERLYING BOND
	21056AAA4	CERTIFICATE ISSUER TRUST I SERIES	15,526	$14,689	0.01%	7.35%	10/17/44
		2019-SLCT6
		CONSUMER LOAN UNDERLYING BOND
	21050KAA8	CERTIFICATE ISSUER TRUST I SERIES	10,973	$10,406	0.00%	7.15%	12/15/44
		2019-SLCT7
		CONSUMER LOAN UNDERLYING BOND
	21056TAA3	CERTIFICATE ISSUER TRUST I SERIES	25,822	$24,366	0.01%	14.82%	03/15/45
		2020-2
		CONSUMER LOAN UNDERLYING BOND
	21057BAA1	CLUB CERTIFICATE ISSUER TRUST I	13,527	$12,740	0.00%	8.46%	01/15/45
		SERIES 2019-SLCT8
		CONSUMER LOAN UNDERLYING BOND
	21056VAA8	CLUB CERTIFICATE ISSUER TRUST I	16,249	$15,130	0.01%	13.61%	04/17/45
		SERIES 2020-7

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	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	21054GAA3	CONSUMER LOAN UNDERLYING BOND	6,765	$6,617	0.00%	4.66%	08/15/44
	CREDIT TRUST 2019-SLCT4
	21055CAA1	CONSUMER LOAN UNDERLYING BOND	10,963	$10,421	0.00%	18.85%	09/15/44
	CREDIT TRUST 2019-SLCT5
	21925DAA7	CORNERSTONE BUILDING BRANDS INC	1,000,000	$848,191	0.30%	6.13%	01/15/29
	DDD1165865	CORNERSTONE ONDEMAND INC	641,921	$618,652	0.22%	FLOATER	10/15/28
	DDD1329538	COTIVITI INC	857,142	$858,925	0.30%	FLOATER	05/01/31
		COTY INC/HFC PRESTIGE PRODUCTS
	22207AAA0	INC/HFC PRESTIGE INTERNATIONAL US	600,000	$600,829	0.21%	6.63%	07/15/30
		LLC
	228187AB6	CROWN AMERICAS LLC / CROWN	500,000	$489,763	0.17%	4.75%	02/01/26
	AMERICAS CAPITAL CORP VI
	228701AG3	CROWNROCK LP / CROWNROCK	300,000	$295,809	0.10%	5.00%	05/01/29
	FINANCE INC
	126307BM8	CSC HOLDINGS LLC	700,000	$619,856	0.22%	11.25%	05/15/28
	126307BN6	CSC HOLDINGS LLC	800,000	$711,239	0.25%	11.75%	01/31/29
	DDD1276586	CYANCO INTERMEDIATE CORP	151,963	$152,723	0.05%	FLOATER	07/10/28
	23918KAS7	DAVITA INC	1,200,000	$1,052,422	0.37%	4.63%	06/01/30
	DDD1000368	DCERT BUYER INC	1,698,744	$1,696,638	0.60%	FLOATER	10/16/26
	DDD1090312	DEERFIELD DAKOTA HOLDING LLC	566,450	$566,699	0.20%	FLOATER	04/09/27
	DDD1349572	DELTA TOPCO INC	450,958	$451,747	0.16%	FLOATER	12/24/29
	DDD1165428	DEXKO GLOBAL INC	471,153	$468,423	0.16%	FLOATER	10/04/28
	DDD1281515	DEXKO GLOBAL INC	236,250	$236,127	0.08%	FLOATER	10/04/28
	DDD1327665	DIAMOND SPORTS GROUP LLC	72,090	$115,945	0.04%	FLOATER	11/30/24
	25277LAC0	DIAMOND SPORTS GROUP LLC /	500,000	$12,812	0.00%	6.63%	08/15/27
	DIAMOND SPORTS FINANCE CO
	25277LAF3	DIAMOND SPORTS GROUP LLC /	800,000	$20,500	0.01%	5.38%	08/15/26
	DIAMOND SPORTS FINANCE CO
	25381HAK4	DIGICEL GROUP HOLDINGS LTD	314	$16	0.00%	N/A	12/31/30
	25381HAM0	DIGICEL GROUP HOLDINGS LTD	35,713	$1,881	0.00%	N/A	12/31/30
	25461LAA0	DIRECTV FINANCING LLC / DIRECTV	200,000	$186,580	0.07%	5.88%	08/15/27
	FINANCING CO-OBLIGOR INC
	25830JAA9	DORNOCH DEBT MERGER SUB INC	1,100,000	$909,841	0.32%	6.63%	10/15/29
	26154DAA8	DREAM FINDERS HOMES INC	500,000	$515,539	0.18%	8.25%	08/15/28
	26249QAY4	DRYDEN 38 SENIOR LOAN FUND	2,500,000	$2,473,079	0.87%	8.59%	07/15/30
	26244YAQ9	DRYDEN 42 SENIOR LOAN FUND	2,400,000	$2,402,640	0.84%	7.64%	07/15/30
	26244YAS5	DRYDEN 42 SENIOR LOAN FUND	1,000,000	$990,138	0.35%	8.52%	07/15/30
	26245RAG5	DRYDEN 58 CLO LTD	3,000,000	$3,014,051	1.06%	7.38%	07/17/31
	DDD1339826	DYNASTY ACQUISITION CO INC	200,033	$201,215	0.07%	FLOATER	08/24/28
	DDD1343191	DYNASTY ACQUISITION CO INC	77,127	$77,583	0.03%	FLOATER	08/24/28
	DDD1341468	ECI MACOLA/MAX HOLDING LLC	614,123	$617,516	0.22%	FLOATER	05/09/30
	27900QAA4	ECO MATERIAL TECHNOLOGIES INC	1,000,000	$1,008,232	0.35%	7.88%	01/31/27
	DDD1138695	EDELMAN FINANCIAL CENTER LLC/THE	971,110	$972,829	0.34%	FLOATER	04/07/28
	28618MAA4	ELEMENT SOLUTIONS INC	200,000	$180,228	0.06%	3.88%	09/01/28
	29089QAC9	EMERGENT BIOSOLUTIONS INC	900,000	$459,048	0.16%	3.88%	08/15/28
	franklintempleton.com					6

	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	29103CAA6	EMRLD BORROWER LP / EMERALD CO-	1,100,000	$1,091,518	0.38%	6.63%	12/15/30
	ISSUER INC
	292554AQ5	ENCORE CAPITAL GROUP INC	600,000	$613,737	0.22%	9.25%	04/01/29
	29281RAA7	ENDO FINANCE HOLDINGS INC	200,000	$203,463	0.07%	8.50%	04/15/31
	DDD1346179	ENDO FINANCE HOLDINGS INC	184,729	$184,475	0.06%	FLOATER	04/23/31
	29290D117	ENDO INC	8,809	$252,295	0.09%	N/A	N/A
	DDD1349529	ENDO INC	2,849	$81,597	0.03%	N/A	N/A
	DDD1349513	ENDO INC/UNITED STATES	613,000	$0	0.00%	N/A	N/A
	DDD1349514	ENDO INC/UNITED STATES	492,000	$0	0.00%	N/A	N/A
	DDD1349519	ENDO INC/UNITED STATES	500,000	$0	0.00%	N/A	N/A
	DDD1349520	ENDO INC/UNITED STATES	203,000	$0	0.00%	N/A	N/A
	29269RAA3	ENERFLEX LTD	900,000	$922,446	0.32%	9.00%	10/15/27
	DDD1187525	ENERGIZER HOLDINGS INC	168,049	$168,329	0.06%	FLOATER	12/22/27
	29336TAD2	ENLINK MIDSTREAM LLC	800,000	$810,666	0.28%	6.50%	09/01/30
	415864AM9	ENVIRI CORP	1,400,000	$1,310,933	0.46%	5.75%	07/31/27
	DDD1131571	EPICOR SOFTWARE CORP	650,457	$654,087	0.23%	FLOATER	07/30/27
	DDD1286227	EPICOR SOFTWARE CORP	371,162	$373,831	0.13%	FLOATER	07/31/27
	26885BAM2	EQM MIDSTREAM PARTNERS LP	100,000	$101,965	0.04%	7.50%	06/01/27
	29450YAA7	EQUIPMENTSHARE.COM INC	800,000	$822,263	0.29%	9.00%	05/15/28
	29450YAB5	EQUIPMENTSHARE.COM INC	600,000	$611,201	0.21%	8.63%	05/15/32
	DDD1024397	ERESEARCH TECHNOLOGY INC	643,532	$646,527	0.23%	FLOATER	02/04/27
	29605JAA4	ESAB CORP	600,000	$598,498	0.21%	6.25%	04/15/29
	DDD1142785	EVERGREEN ACQCO 1 LP (SAVERS)	377,973	$380,100	0.13%	FLOATER	04/26/28
	30015DAA9	EVERGREEN ACQCO 1 LP / TVI INC	648,000	$687,070	0.24%	9.75%	04/26/28
	31371KR37	FANNIE MAE POOL	35,610	$36,451	0.01%	6.50%	08/01/32
	31371LPR4	FANNIE MAE POOL	2	$2	0.00%	4.50%	05/01/24
	3138EPAK0	FANNIE MAE POOL	18,949	$17,382	0.01%	4.00%	01/01/45
	3138M4GL0	FANNIE MAE POOL	1,498	$1,433	0.00%	3.00%	08/01/27
	3138WDKS9	FANNIE MAE POOL	98,631	$90,393	0.03%	4.00%	11/01/44
	3138WDT43	FANNIE MAE POOL	67,502	$61,869	0.02%	4.00%	12/01/44
	3138WEXT1	FANNIE MAE POOL	78,495	$69,392	0.02%	3.50%	06/01/45
	3138XMK66	FANNIE MAE POOL	589	$557	0.00%	4.50%	03/01/44
	3138Y9Q76	FANNIE MAE POOL	22,909	$20,422	0.01%	3.50%	01/01/45
	3138YPVA7	FANNIE MAE POOL	7,121	$6,277	0.00%	3.50%	04/01/45
	3138YVHC6	FANNIE MAE POOL	273,285	$244,655	0.09%	3.50%	06/01/45
	31390HWR2	FANNIE MAE POOL	7,095	$7,027	0.00%	4.67%	06/01/32
	31401BN27	FANNIE MAE POOL	36,727	$37,222	0.01%	6.00%	04/01/33
	31405QDY1	FANNIE MAE POOL	40,192	$40,167	0.01%	6.98%	07/01/34
	31409CE76	FANNIE MAE POOL	45,029	$45,638	0.02%	6.00%	02/01/36
	3140FXD82	FANNIE MAE POOL	367,309	$316,294	0.11%	3.50%	07/01/56
	3140J6GM3	FANNIE MAE POOL	1,707,649	$1,562,817	0.55%	4.00%	10/01/47

franklintempleton.com

7

	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date

31410SQE0	FANNIE MAE POOL
31412AQB3	FANNIE MAE POOL
31412XKA1	FANNIE MAE POOL
31416CJQ0	FANNIE MAE POOL
31416VS21	FANNIE MAE POOL
31418CS54	FANNIE MAE POOL
31418DSM5	FANNIE MAE POOL
31418DTS1	FANNIE MAE POOL
31418E3E8	FANNIE MAE POOL
31418MD33	FANNIE MAE POOL
31418MKZ4	FANNIE MAE POOL
31419H3M2	FANNIE MAE POOL
01F052656	FEDERAL HOME LOAN MORTGAGE
CORP
3128MJ5M8	FEDERAL HOME LOAN MORTGAGE
CORP
DDD1337023	FERTITTA ENTERTAINMENT LLC
	FERTITTA ENTERTAINMENT LLC /
31556TAC3	FERTITTA ENTERTAINMENT FINANCE
	CO INC
DDD1174043	FINTHRIVE SOFTWARE INTERMEDIATE
HLDGS INC (NTHRIVE)
DDD1138323	FIRST BRANDS GROUP LLC
DDD1196885	FIRST BRANDS GROUP LLC
33767DAD7	FIRSTCASH INC
337120AA7	FIRST STUDENT BIDCO INC / FIRST
TRANSIT PARENT INC
DDD1202824	FIRST STUDENT BIDCO INC / FIRST
	TRANSIT PARENT INC
DDD1153521	FIRST STUDENT BIDCO INC & FIRST
	TRANSIT PARENT INC
DDD1153523	FIRST STUDENT BIDCO INC & FIRST
TRANSIT PARENT INC
33834YAB4	FIVE POINT OPERATING CO LP / FIVE
POINT CAPITAL CORP
DDD1346833	FLEXERA SOFTWARE LLC
DDD1174154	FLYNN RESTAURANT GROUP LP
346232AF8	FORESTAR GROUP INC
34965KAA5	FORTREA HOLDINGS INC
31283HF42	FREDDIE MAC
31283HR80	FREDDIE MAC
31283HVL6	FREDDIE MAC
31283HWZ4	FREDDIE MAC
31283HX75	FREDDIE MAC
31288HBR0	FREDDIE MAC

5,579	$5,654	0.00%	6.00%	07/01/36
12,433	$12,573	0.00%	6.00%	06/01/38
106,943	$106,517	0.04%	5.50%	06/01/37
27,578	$26,802	0.01%	5.00%	07/01/39
157,302	$159,425	0.06%	6.00%	02/01/37
337,878	$308,626	0.11%	4.00%	01/01/48
767,195	$666,808	0.23%	2.00%	09/01/35
2,421,936	$2,025,665	0.71%	3.00%	10/01/50
8,981,145	$8,722,202	3.06%	5.50%	03/01/54
10,537	$10,288	0.00%	4.50%	09/01/29
97,973	$95,702	0.03%	5.00%	05/01/38
2,118	$2,072	0.00%	3.50%	01/01/26
12,136,000	$11,780,502	4.13%	5.50%	05/01/53
1,595,182	$1,407,061	0.49%	3.50%	11/01/48
670,609	$672,916	0.24%	FLOATER	01/27/29
1,300,000	$1,131,927	0.40%	6.75%	01/15/30
621,847	$526,626	0.18%	FLOATER	12/17/28
1,204,749	$1,154,752	0.41%	FLOATER	03/30/27
1,218,110	$1,170,396	0.41%	FLOATER	03/30/27
1,100,000	$1,087,471	0.38%	6.88%	03/01/32
900,000	$787,958	0.28%	4.00%	07/31/29
369,275	$370,660	0.13%	FLOATER	07/21/28
106,520	$106,795	0.04%	FLOATER	07/16/28
350,247	$351,151	0.12%	FLOATER	07/16/28
839,586	$857,359	0.30%	10.50%	01/15/28
65,913	$66,187	0.02%	FLOATER	03/03/28
763,742	$767,645	0.27%	FLOATER	12/03/28
500,000	$474,975	0.17%	3.85%	05/15/26
1,000,000	$1,009,973	0.35%	7.50%	07/01/30
12,502	$12,779	0.00%	7.00%	09/01/27
44,050	$46,058	0.02%	8.50%	07/01/31
4,149	$4,207	0.00%	6.00%	02/01/33
4,989	$5,058	0.00%	6.00%	04/01/33
45,831	$46,893	0.02%	6.00%	09/01/33
9,340	$9,459	0.00%	6.00%	04/01/33

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8

	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	3128CUMW3	FREDDIE MAC	34,213	$34,523	0.01%	6.50%	08/01/27
	3128M6CW6	FREDDIE MAC	5,494	$5,618	0.00%	6.50%	03/01/38
	3128MJ3Y4	FREDDIE MAC	1,141,758	$1,046,424	0.37%	4.00%	05/01/48
	3128MJV23	FREDDIE MAC	8,687	$7,700	0.00%	3.50%	03/01/45
	31292GV45	FREDDIE MAC	1,432	$1,455	0.00%	6.00%	07/01/28
	31296QKB5	FREDDIE MAC	19,403	$19,691	0.01%	6.00%	11/01/33
	3132FCA21	FREDDIE MAC	83,742	$84,340	0.03%	6.00%	11/01/36
	DDD1148610	FREEDOM FINANCIAL 4472	8,258,323	$8,084,845	2.84%	15.40%	12/06/26
	35641AAA6	FREEDOM MORTGAGE HOLDINGS LLC	300,000	$301,883	0.11%	9.25%	02/01/29
	DDD1099007	GAINWELL ACQUISITION CORP	1,123,240	$1,074,452	0.38%	FLOATER	10/01/27
	364760AP3	GAP INC/THE	700,000	$592,885	0.21%	3.63%	10/01/29
	366651AC1	GARTNER INC	500,000	$470,643	0.17%	4.50%	07/01/28
	366651AG2	GARTNER INC	200,000	$179,143	0.06%	3.63%	06/15/29
	DDD1120979	GENERAL NUTRITION CENTERS INC	109,407	$87,525	0.03%	FLOATER	10/07/26
	DDD1339457	GENESYS CLOUD SERVICES HOLDINGS	953,854	$959,387	0.34%	FLOATER	12/01/27
	II LLC
		GENESYS CLOUD SERVICES HOLDINGS
	DDD1326766	II LLC & GENESYS CLOUD SERVICES	395,604	$398,448	0.14%	FLOATER	12/13/27
	INC (FKA GREENEDEN US HOLDINGS II
		LLC)
	36170JAA4	GGAM FINANCE LTD	700,000	$721,431	0.25%	8.00%	06/15/28
	36170JAC0	GGAM FINANCE LTD	200,000	$205,127	0.07%	8.00%	02/15/27
	377320AA4	GLATFELTER CORP	400,000	$336,522	0.12%	4.75%	11/15/29
	37892AAA8	GLOBAL NET LEASE INC / GLOBAL NET	800,000	$681,540	0.24%	3.75%	12/15/27
	LEASE OPERATING PARTNERSHIP LP
	DDD945654	GLOBAL TEL*LINK CORP	1,894,808	$1,864,605	0.65%	FLOATER	11/29/25
	DDD1297917	GN LOANCO LLC	382,483	$373,281	0.13%	FLOATER	12/19/30
	382550BH3	GOODYEAR TIRE & RUBBER CO/THE	1,000,000	$1,004,373	0.35%	9.50%	05/31/25
	21H052637	GOVT NATL MORTG ASSN	12,770,000	$12,763,597	4.48%	5.50%	03/01/53
	21H052637	GOVT NATL MORTG ASSN	-12,770,000	-$12,763,597	-4.48%	5.50%	03/01/53
	21H052652	GOVT NATL MORTG ASSN	12,770,000	$12,520,724	4.39%	5.50%	05/01/53
	36179VBG4	GOVT NATL MORTG ASSN	652,923	$580,447	0.20%	3.50%	12/20/49
	36201SG60	GOVT NATL MORTG ASSN	32,560	$33,575	0.01%	6.50%	09/15/32
	36202CZB2	GOVT NATL MORTG ASSN	119	$119	0.00%	8.00%	01/20/28
	36202DAB7	GOVT NATL MORTG ASSN	4,912	$5,002	0.00%	7.00%	01/20/29
	36202DFH9	GOVT NATL MORTG ASSN	148	$155	0.00%	8.00%	01/20/30
	36202DFZ9	GOVT NATL MORTG ASSN	12,804	$13,415	0.00%	8.00%	02/20/30
	36202DG70	GOVT NATL MORTG ASSN	3,156	$3,290	0.00%	8.00%	05/20/30
	36202DGE5	GOVT NATL MORTG ASSN	4,412	$4,598	0.00%	8.00%	03/20/30
	36202DGS4	GOVT NATL MORTG ASSN	238	$242	0.00%	8.00%	04/20/30
	36202DJB8	GOVT NATL MORTG ASSN	52	$54	0.00%	8.00%	08/20/30
	36202DJS1	GOVT NATL MORTG ASSN	1,071	$1,095	0.00%	8.00%	09/20/30
	36202DLH2	GOVT NATL MORTG ASSN	1,948	$2,013	0.00%	8.00%	01/20/31

franklintempleton.com

9

	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date

36202DM81	GOVT NATL MORTG ASSN
36202DMD0	GOVT NATL MORTG ASSN
36202DPG0	GOVT NATL MORTG ASSN
36202DQE4	GOVT NATL MORTG ASSN
36213QXP9	GOVT NATL MORTG ASSN
36290YYS1	GOVT NATL MORTG ASSN
64051NAA1	GPD COS INC
38528UAE6	GRAND CANYON UNIVERSITY
DDD1189897	GRAY TELEVISION INC
DDD1173969	GREAT OUTDOORS GROUP LLC ASHCO
INC HUNTSMAN HOLDINGS LLC
39807UAD8	GREYSTAR REAL ESTATE PARTNERS
LLC
DDD1323901	GREYSTAR REAL ESTATE PARTNERS
LLC
BP4YZP2	GRIFOLS SA
DDD1019865	GRIFOLS WORLDWIDE OPERATIONS
USA INC
410345AQ5	HANESBRANDS INC
411618AB7	HARBOUR ENERGY PLC
404030AJ7	H&E EQUIPMENT SERVICES INC
DDD1190994	HEXION HOLDINGS CORP
DDD1186868	HEXION HOLDINGS CORPORATION
DDD1120064	HIGHLINE AFTERMARKET ACQUISITION
LLC
431318AU8	HILCORP ENERGY I LP / HILCORP
FINANCE CO
431571AF5	HILLENBRAND INC
DDD1146960	HILTON GRAND VACATIONS
BORROWER LLC
DDD1187105	HUNTER DOUGLAS INC
DDD1132722	IDERA INC
457756500	IFT MONEY MARKET PORTFOLIO
DDD1138351	IGT HOLDING IV AB (IFS SOFTWARE)
45232TAA9	ILLUMINATE BUYER LLC / ILLUMINATE
HOLDINGS IV INC
DDD1221296	INEOS US FINANCE LLC
DDD1307315	INEOS US PETROCHEM LLC
DDD1136246	INGENOVIS HEALTH INC (FKA CCRR
PARENT INC)
DDD1321073	IRB HOLDING CORP
46284VAP6	IRON MOUNTAIN INC
DDD1122832	IVANTI SOFTWARE INC
DDD1134366	IVANTI SOFTWARE INC

1,475	$1,500	0.00%	8.00%	05/20/31
2,126	$2,188	0.00%	8.00%	03/20/31
979	$974	0.00%	8.00%	08/20/31
487	$487	0.00%	8.00%	10/20/31
78,307	$79,408	0.03%	6.50%	06/15/31
31,394	$33,366	0.01%	6.50%	12/15/33
1,500,000	$1,412,537	0.50%	10.13%	04/01/26
1,300,000	$1,160,146	0.41%	5.13%	10/01/28
291,729	$275,054	0.10%	FLOATER	12/01/28
755,436	$756,716	0.27%	FLOATER	03/05/28
500,000	$515,503	0.18%	7.75%	09/01/30
125,751	$126,222	0.04%	FLOATER	08/21/30
400,000	$323,517	0.11%	4.75%	10/15/28
497,402	$487,300	0.17%	FLOATER	11/15/27
400,000	$398,403	0.14%	9.00%	02/15/31
500,000	$490,580	0.17%	5.50%	10/15/26
1,200,000	$1,063,167	0.37%	3.88%	12/15/28
982,500	$967,841	0.34%	FLOATER	03/15/29
279,069	$250,604	0.09%	FLOATER	03/31/30
533,279	$535,055	0.19%	FLOATER	11/09/27
500,000	$480,808	0.17%	5.75%	02/01/29
600,000	$596,045	0.21%	6.25%	02/15/29
662,793	$664,576	0.23%	FLOATER	08/02/28
295,488	$293,959	0.10%	FLOATER	02/25/29
1,159,497	$1,156,505	0.41%	FLOATER	03/02/28
9,573,379	$9,573,379	3.36%	N/A	N/A
514,877	$517,130	0.18%	FLOATER	03/23/28
1,000,000	$980,115	0.34%	9.00%	07/01/28
316,800	$318,300	0.11%	FLOATER	11/04/27
915,590	$915,018	0.32%	FLOATER	03/31/29
777,233	$717,643	0.25%	FLOATER	03/05/28
348,247	$349,167	0.12%	FLOATER	12/15/30
1,000,000	$1,006,582	0.35%	7.00%	02/15/29
780,080	$726,695	0.25%	FLOATER	12/01/27
57,156	$52,941	0.02%	FLOATER	12/02/27

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10