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

Franklin Limited Duration Income Trust

Franklin Limited Duration Income

Trust

#ERROR

May 31, 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	$317,707	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	$773,306	0.27%	FLOATER	02/15/27
DDD1156339	ACRISURE LLC	190,760	$191,285	0.07%	FLOATER	02/13/27
DDD1173477	ACRISURE LLC	170,891	$171,905	0.06%	FLOATER	02/15/27
BQXHYR4	ADIENT GLOBAL HOLDINGS LTD	400,000	$408,483	0.14%	7.00%	04/15/28
BQXJCN2	ADIENT GLOBAL HOLDINGS LTD	1,200,000	$1,250,763	0.44%	8.25%	04/15/31
DDD1324137	ADIENT US LLC	474,654	$479,061	0.17%	FLOATER	01/31/31
DDD1150652	ADMI CORP	204,098	$199,208	0.07%	FLOATER	12/23/27
DDD1318374	ADMI CORP	129,545	$130,247	0.05%	FLOATER	12/27/30
DDD1131768	ADMI CORP (ASPEN DENTAL)	757,644	$737,911	0.26%	FLOATER	12/23/27
DDD1309605	AI AQUA MERGER SUB INC	158,730	$159,821	0.06%	FLOATER	07/30/28
DDD1339187	AIR CANADA	661,449	$666,549	0.23%	FLOATER	03/21/31
DDD1126795	ALL DAY ACQUISITIONCO LLC (24 HOUR	1,276,481	$465,915	0.16%	FLOATER	12/28/25
FITNESS)
DDD1124796	ALL DAY HOLDINGS LLC	59,089	$1,181	0.00%	N/A	N/A
DDD1127792	ALL DAY HOLDINGS LLC	24,950	$3,567	0.00%	N/A	N/A
DDD1314515	ALLIANT HOLDINGS INTERMEDIATE LLC	483,508	$485,882	0.17%	FLOATER	12/09/30
01883LAA1	ALLIANT HOLDINGS INTERMEDIATE	400,000	$392,269	0.14%	6.75%	10/15/27
LLC / ALLIANT HOLDINGS CO-ISSUER
01883LAF0	ALLIANT HOLDINGS INTERMEDIATE	500,000	$502,032	0.18%	7.00%	01/15/31
LLC / ALLIANT HOLDINGS CO-ISSUER
019576AD9	ALLIED UNIVERSAL HOLDCO LLC	1,200,000	$1,195,542	0.42%	7.88%	02/15/31
DDD1145504	ALLIED UNIVERSAL HOLDCO LLC /	1,708,761	$1,711,060	0.60%	FLOATER	05/14/28
	ALLIED UNIVERSAL FINANCE CORP
DDD1050519	ALLOY FINCO LIMITED	1,195,711	$1,076,140	0.38%	FLOATER	03/08/28
02007VAA8	ALLWYN ENTERTAINMENT FINANCING	800,000	$817,593	0.29%	7.88%	04/30/29
UK PLC
02156TAB0	ALTICE FRANCE HOLDING SA	1,700,000	$628,236	0.22%	10.50%	05/15/27
BJP8GP8	ALTICE FRANCE HOLDING SA	300,000	$94,328	0.03%	6.00%	02/15/28

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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

DDD1236331 ALTICE FRANCE SA

DDD1186061 AMENTUM GOVERNMENT SERVICES HOLDINGS LLC

DDD1310147 AMERICAN AIRLINES INC

DDD1137534 AMERICAN AIRLINES INC &

AADVANTAGE LOYALTY IP LTD

480,551	$359,212	0.13%	FLOATER	08/15/28
1,047,488	$1,055,674	0.37%	FLOATER	02/15/29
800,000	$799,584	0.28%	FLOATER	06/04/29
579,303	$602,869	0.21%	FLOATER	04/20/28

00253XAA9

AMERICAN AIRLINES INC/AADVANTAGE LOYALTY IP LTD

666,666

$659,555

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	$1,116,340	0.39%	FLOATER	03/05/28
600,000	$628,975	0.22%	10.25%	10/15/28
1,500,000	$1,502,284	0.53%	7.34%	04/25/31
281	$1,759	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

$170,502

0.06%

7.63% 02/01/29

03762UAD7

APOLLO COMMERCIAL REAL ESTATE FINANCE INC

1,500,000

$1,254,219

0.44%

4.63% 06/15/29

00213MAW4 APX GROUP INC

039653AA8 ARCOSA INC

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

800,000	$757,309	0.26%	5.75%	07/15/29
300,000	$278,284	0.10%	4.38%	04/15/29
1,500,000	$1,240,146	0.43%	4.00%	09/01/29

03969AAQ3

FINANCE PLC

ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC

600,000

$591,239

0.21%

5.25% 04/30/25

03969AAR1

ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC

600,000

$354,885

0.12%

5.25% 08/15/27

DDD1353749 ARETEC GROUP INC

DDD1306334 ARETEC GROUP INC (CETERA)

DDD1320988 ARSENAL AIC PARENT LLC

DDD1147656 ASCENSUS HOLDINGS INC AND MERCURY BORROWER INC

19,970	$20,098	0.01%	FLOATER	08/09/30
428,873	$431,622	0.15%	FLOATER	08/09/30
376,579	$380,384	0.13%	FLOATER	08/18/30
802,153	$804,159	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	$495,226	0.17%	6.63%	01/15/28
1,000,000	$888,379	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

DDD1152902 AVEANNA HEALTHCARE LLC

542,500	$428,236	0.15%	FLOATER	10/15/28
818,086	$825,375	0.29%	FLOATER	02/16/31
0	$0	0.00%	FLOATER	09/15/28
32,664	$30,837	0.01%	FLOATER	01/31/28
1,085,258	$1,014,716	0.35%	FLOATER	01/20/29
394,000	$389,977	0.14%	FLOATER	08/19/28
1,749,890	$1,750,012	0.61%	FLOATER	02/15/29
700,000	$717,679	0.25%	7.25%	08/15/30
1,300,000	$1,173,194	0.41%	4.13%	12/15/28
415,426	$406,405	0.14%	FLOATER	07/15/28
0	$0	0.00%	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
	DDD1340755	AVENTIV TECHNOLOGIES LLC	0	$0	0.00%	FLOATER	07/31/25
	DDD1340759	AVENTIV TECHNOLOGIES LLC	18,688	$19,506	0.01%	FLOATER	12/26/24
	DDD1312830	AVIS BUDGET CAR RENTAL LLC	287,333	$288,051	0.10%	FLOATER	03/16/29
	DDD1339204	AZZ INC	235,794	$237,798	0.08%	FLOATER	05/13/29
	DDD1157819	BALLY'S CORP	980,477	$942,998	0.33%	FLOATER	10/01/28
	BS99WP2	BANIJAY ENTERTAINMENT SASU	1,100,000	$1,129,238	0.39%	8.13%	05/01/29
	DDD1198022	BARRACUDA NETWORKS INC	827,513	$830,050	0.29%	FLOATER	08/15/29
	071734AQ0	BAUSCH HEALTH COS INC	581,000	$505,470	0.18%	11.00%	09/30/28
	071734AR8	BAUSCH HEALTH COS INC	115,000	$87,975	0.03%	14.00%	10/15/30
	071705AA5	BAUSCH + LOMB CORP	600,000	$611,700	0.21%	8.38%	10/01/28
	DDD1297752	BAUSCH + LOMB CORP	497,500	$498,435	0.17%	FLOATER	09/29/28
	DDD1354799	BERLIN PACKAGING LLC	800,000	$802,168	0.28%	FLOATER	05/09/31
	05508RAE6	B&G FOODS INC	352,000	$345,831	0.12%	5.25%	04/01/25
	05508WAB1	B&G FOODS INC	400,000	$367,184	0.13%	5.25%	09/15/27
	DDD1011005	B&G FOODS INC	302,138	$302,422	0.11%	FLOATER	10/10/26
	09075C104	BIRCH PERMIAN HOLDINGS INC	2,309	$19,770	0.01%	N/A	N/A
	09075C203	BIRCH PERMIAN HOLDINGS INC	17,998	$154,107	0.05%	N/A	N/A
	09630GAS2	BLUEMOUNTAIN CLO XXVI LTD	2,000,000	$1,995,320	0.70%	7.79%	10/20/34
	09627FAS9	BLUEMOUNTAIN CLO XXV LTD	1,500,000	$1,497,313	0.52%	7.84%	07/15/36
	09631BAJ2	BLUEMOUNTAIN CLO XXXI LTD	1,000,000	$992,499	0.35%	8.59%	04/19/34
	09631RAG3	BLUEMOUNTAIN CLO XXXV LTD	1,500,000	$1,482,230	0.52%	9.32%	07/22/35
	097751CC3	BOMBARDIER INC	900,000	$902,373	0.32%	7.00%	06/01/32
	DDD1298832	BOOST NEWCO BORROWER LLC	434,782	$437,197	0.15%	FLOATER	01/31/31
	(WORLDPAY)
	103557AC8	BOYNE USA INC	300,000	$276,171	0.10%	4.75%	05/15/29
	DDD1344083	BRAND INDUSTRIAL SERVICES INC	242,718	$244,577	0.09%	FLOATER	08/01/30
	(BRANDSAFWAY)
	10554NAB4	BRASKEM IDESA SAPI	300,000	$223,760	0.08%	6.99%	02/20/32
	DDD1355696	BROADSTREET PARTNERS INC	219,418	$220,691	0.08%	FLOATER	05/12/31
	DDD1321265	BROWN GROUP HOLDING LLC	162,417	$163,294	0.06%	FLOATER	07/02/29
	12687GAA7	CABLEVISION LIGHTPATH LLC	700,000	$609,993	0.21%	3.88%	09/15/27
	12769GAC4	CAESARS ENTERTAINMENT INC	600,000	$592,918	0.21%	6.50%	02/15/32
	DDD1353411	CAESARS ENTERTAINMENT INC	297,000	$298,339	0.10%	FLOATER	02/06/30
	128786AA8	CALDERYS FINANCING LLC	800,000	$853,230	0.30%	11.25%	06/01/28
	13057Q123	CALIFORNIA RESOURCES CORP	96	$1,115	0.00%	N/A	10/27/24
	13057Q305	CALIFORNIA RESOURCES CORP	42	$1,979	0.00%	N/A	N/A
	131347CN4	CALPINE CORP	1,500,000	$1,433,962	0.50%	5.13%	03/15/28
		CALUMET SPECIALTY PRODUCTS
	131477AV3	PARTNERS LP / CALUMET FINANCE	900,000	$850,608	0.30%	8.13%	01/15/27
		CORP
		CALUMET SPECIALTY PRODUCTS
	131477AX9	PARTNERS LP / CALUMET FINANCE	800,000	$822,644	0.29%	9.25%	07/15/29
		CORP

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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

13323AAB6 CAMELOT FINANCE SA

13323NAA0 CAMELOT RETURN MERGER SUB INC

500,000	$480,489	0.17%	4.50%	11/01/26
500,000	$495,385	0.17%	8.75%	08/01/28

14310MBC0

CARLYLE GLOBAL MARKET STRATEGIES CLO 2014-1 LTD

1,500,000

$1,501,699

0.52%

7.38% 04/17/31

14310MBE6

CARLYLE GLOBAL MARKET

2,300,000

$2,289,620

0.80%

8.18% 04/17/31

STRATEGIES CLO 2014-1 LTD 14315JBG3 CARLYLE US CLO 2017-2 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)

2,000,000	$2,000,000	0.70%	N/A	07/20/37
1,000,000	$1,002,325	0.35%	8.39%	01/15/30
1,500,000	$1,506,729	0.53%	7.79%	04/20/31
200,000	$201,267	0.07%	7.63%	03/01/26
1,500,000	$1,471,464	0.51%	5.75%	03/01/27
400,000	$432,863	0.15%	10.38%	05/01/28
696,699	$701,001	0.25%	FLOATER	12/17/27

1248EPCS0

CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP

1,000,000

$933,091

0.33%

6.38% 09/01/29

15089QAN4 CELANESE US HOLDINGS LLC DDD1337878 CENGAGE LEARNING INC

DDD1353772 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	$1,021,576	0.36%	6.33%	07/15/29
843,759	$848,278	0.30%	FLOATER	03/22/31
1,254,209	$1,266,180	0.44%	FLOATER	07/06/29
393,806	$396,907	0.14%	FLOATER	12/21/25
708,194	$713,626	0.25%	FLOATER	02/11/28
1,525,625	$1,535,160	0.54%	FLOATER	12/01/27
400,000	$379,519	0.13%	4.50%	10/01/29
500,000	$500,455	0.17%	6.75%	04/15/29
420,000	$421,925	0.15%	FLOATER	09/30/28
145,975	$146,960	0.05%	FLOATER	09/30/28

17027NAC6

CHOBANI LLC / CHOBANI FINANCE CORP INC

200,000

$202,939

0.07%

7.63% 07/01/29

DDD1339828 CHROMALLOY CORP

337,001

$340,423

0.12% FLOATER 03/27/31

12543DBC3

CHS/COMMUNITY HEALTH SYSTEMS INC

247,000

$247,152

0.09%

8.00% 03/15/26

12543DBG4

CHS/COMMUNITY HEALTH SYSTEMS

INC

400,000

$378,103

0.13%

5.63% 03/15/27

12543DBL3

CHS/COMMUNITY HEALTH SYSTEMS

INC

500,000

$354,792

0.12%

6.13% 04/01/30

12543DBN9

CHS/COMMUNITY HEALTH SYSTEMS

INC

500,000

$514,677

0.18%

10.88% 01/15/32

DDD1321273 CITADEL SECURITIES LP

17302XAN6 CITGO PETROLEUM CORP

315,257	$317,326	0.11%	FLOATER	07/28/30
500,000	$517,874	0.18%	8.38%	01/15/29

17323CAE7

CITIGROUP COMMERCIAL MORTGAGE

TRUST

1,520,000

$1,501,387

0.52%

3.14% 02/10/48

17888HAA1 CIVITAS RESOURCES INC

17888HAB9 CIVITAS RESOURCES INC

700,000	$732,147	0.26%	8.38%	07/01/28
700,000	$746,098	0.26%	8.75%	07/01/31

18453HAC0

CLEAR CHANNEL OUTDOOR HOLDINGS

INC

300,000

$258,254

0.09%

7.75% 04/15/28

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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
	18453HAD8	CLEAR CHANNEL OUTDOOR HOLDINGS	900,000	$736,382	0.26%	7.50%	06/01/29
	INC
	18453HAE6	CLEAR CHANNEL OUTDOOR HOLDINGS	500,000	$519,225	0.18%	9.00%	09/15/28
	INC
	18539UAC9	CLEARWAY ENERGY OPERATING LLC	300,000	$284,884	0.10%	4.75%	03/15/28
	18539UAD7	CLEARWAY ENERGY OPERATING LLC	200,000	$173,736	0.06%	3.75%	02/15/31
	18539UAE5	CLEARWAY ENERGY OPERATING LLC	400,000	$340,655	0.12%	3.75%	01/15/32
	DDD1157779	CLOUDERA INC	370,752	$370,830	0.13%	FLOATER	10/08/28
	DDD1339972	CLOUD SOFTWARE GROUP INC	468,750	$471,902	0.16%	FLOATER	03/22/31
	DDD1321548	CNT HOLDINGS I CORP	145,759	$146,680	0.05%	FLOATER	11/06/27
	DDD1173366	COBHAM ULTRA SENIORCO SARL	330,568	$327,085	0.11%	FLOATER	12/24/28
	DDD960372	COMMSCOPE INC	396,883	$357,194	0.12%	FLOATER	04/04/26
	DDD1146773	CONAIR HOLDINGS LLC	656,656	$653,724	0.23%	FLOATER	05/17/28
	DDD1186910	CONDOR MERGER SUB INC	1,079,856	$1,082,356	0.38%	FLOATER	03/01/29
	DDD1360024	CONDOR MERGER SUB INC	168,269	$168,658	0.06%	FLOATER	03/01/29
	BMXD8L6	CONSOLIDATED ENERGY FINANCE SA	600,000	$515,240	0.18%	5.63%	10/15/28
	21039CAB0	CONSTELLIUM SE	600,000	$538,745	0.19%	3.75%	04/15/29
		CONSUMER LOAN UNDERLYING BOND
	21055TAA4	CERTIFICATE ISSUER TRUST I SERIES	11,989	$11,551	0.00%	14.08%	08/15/44
		2019-26
		CONSUMER LOAN UNDERLYING BOND
	21055FAA4	CERTIFICATE ISSUER TRUST I SERIES	12,558	$11,845	0.00%	22.58%	09/15/44
		2019-31
		CONSUMER LOAN UNDERLYING BOND
	21054QAA1	CERTIFICATE ISSUER TRUST I SERIES	15,917	$15,273	0.01%	17.16%	10/17/44
		2019-37
		CONSUMER LOAN UNDERLYING BOND
	21055YAA3	CERTIFICATE ISSUER TRUST I SERIES	13,555	$12,905	0.00%	14.42%	11/15/44
		2019-42
		CONSUMER LOAN UNDERLYING BOND
	21055HAA0	CERTIFICATE ISSUER TRUST I SERIES	22,699	$21,640	0.01%	15.65%	01/15/45
		2019-51
		CONSUMER LOAN UNDERLYING BOND
	21056JAA5	CERTIFICATE ISSUER TRUST I SERIES	18,918	$18,005	0.01%	15.48%	01/15/45
		2019-52
		CONSUMER LOAN UNDERLYING BOND
	21050HAA5	CERTIFICATE ISSUER TRUST I SERIES	1,983	$1,943	0.00%	2.75%	05/16/44
		2019-SLCT2
		CONSUMER LOAN UNDERLYING BOND
	21055RAA8	CERTIFICATE ISSUER TRUST I SERIES	2,794	$2,708	0.00%	9.08%	06/15/44
		2019-SLCT3
		CONSUMER LOAN UNDERLYING BOND
	21056AAA4	CERTIFICATE ISSUER TRUST I SERIES	12,193	$11,611	0.00%	10.33%	10/17/44
		2019-SLCT6
		CONSUMER LOAN UNDERLYING BOND
	21050KAA8	CERTIFICATE ISSUER TRUST I SERIES	8,535	$8,122	0.00%	8.64%	12/15/44
		2019-SLCT7
		CONSUMER LOAN UNDERLYING BOND
	21056TAA3	CERTIFICATE ISSUER TRUST I SERIES	22,870	$21,669	0.01%	14.09%	03/15/45
		2020-2
		CONSUMER LOAN UNDERLYING BOND
	21057BAA1	CLUB CERTIFICATE ISSUER TRUST I	11,561	$10,948	0.00%	7.58%	01/15/45
		SERIES 2019-SLCT8

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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

21056VAA8

21054GAA3

CONSUMER LOAN UNDERLYING BOND CLUB CERTIFICATE ISSUER TRUST I SERIES 2020-7

CONSUMER LOAN UNDERLYING BOND CREDIT TRUST 2019-SLCT4

14,436	$13,481	0.00%	15.37%	04/17/45
4,209	$4,148	0.00%	9.47%	08/15/44

21055CAA1

CONSUMER LOAN UNDERLYING BOND CREDIT TRUST 2019-SLCT5

8,749

$8,423

0.00%

18.85% 09/15/44

21925DAA7 CORNERSTONE BUILDING BRANDS INC

DDD1353090 CORNERSTONE BUILDING BRANDS INC

DDD1165865 CORNERSTONE ONDEMAND INC

DDD1329538 COTIVITI INC

1,000,000	$814,874	0.28%	6.13%	01/15/29
605,479	$606,993	0.21%	FLOATER	05/15/31
641,921	$622,465	0.22%	FLOATER	10/15/28
857,142	$862,367	0.30%	FLOATER	05/01/31

22207AAA0

228187AB6

228701AG3

COTY INC/HFC PRESTIGE PRODUCTS INC/HFC PRESTIGE INTERNATIONAL US LLC

CROWN AMERICAS LLC / CROWN AMERICAS CAPITAL CORP VI

CROWNROCK LP / CROWNROCK FINANCE INC

600,000	$603,701	0.21%	6.63%	07/15/30
500,000	$491,066	0.17%	4.75%	02/01/26
300,000	$295,911	0.10%	5.00%	05/01/29

126307BM8	CSC HOLDINGS LLC	700,000	$559,286	0.20%	11.25%	05/15/28
126307BN6	CSC HOLDINGS LLC	800,000	$625,005	0.22%	11.75%	01/31/29
23918KAS7	DAVITA INC	1,200,000	$1,071,150	0.37%	4.63%	06/01/30
DDD1000368	DCERT BUYER INC	1,698,744	$1,694,081	0.59%	FLOATER	10/16/26
DDD1090312	DEERFIELD DAKOTA HOLDING LLC	566,450	$567,512	0.20%	FLOATER	04/09/27
DDD1349572	DELTA TOPCO INC	450,958	$453,355	0.16%	FLOATER	12/24/29
DDD1165428	DEXKO GLOBAL INC	471,153	$470,614	0.16%	FLOATER	10/04/28
DDD1281515	DEXKO GLOBAL INC	236,250	$237,037	0.08%	FLOATER	10/04/28
DDD1327665	DIAMOND SPORTS GROUP LLC	72,405	$104,770	0.04%	FLOATER	11/30/24
25277LAC0	DIAMOND SPORTS GROUP LLC /	500,000	$9,500	0.00%	6.63%	08/15/27
DIAMOND SPORTS FINANCE CO
25277LAF3	DIAMOND SPORTS GROUP LLC /	800,000	$15,200	0.01%	5.38%	08/15/26
DIAMOND SPORTS FINANCE CO

25381HAK4 DIGICEL GROUP HOLDINGS LTD

25381HAM0 DIGICEL GROUP HOLDINGS LTD

314	$16	0.00%	N/A	12/31/30
35,713	$1,881	0.00%	N/A	12/31/30

25461LAA0

DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC

200,000

$187,996

0.07%

5.88% 08/15/27

25830JAA9	DORNOCH DEBT MERGER SUB INC	1,100,000	$949,751	0.33%	6.63%	10/15/29
26154DAA8	DREAM FINDERS HOMES INC	500,000	$513,050	0.18%	8.25%	08/15/28
26249QAY4	DRYDEN 38 SENIOR LOAN FUND	2,500,000	$2,474,754	0.86%	8.59%	07/15/30
26244YAQ9	DRYDEN 42 SENIOR LOAN FUND	2,400,000	$2,400,000	0.84%	7.64%	07/15/30
26244YAS5	DRYDEN 42 SENIOR LOAN FUND	1,000,000	$1,000,000	0.35%	8.52%	07/15/30
26245RAG5	DRYDEN 58 CLO LTD	3,000,000	$3,013,416	1.05%	7.38%	07/17/31
DDD1339826	DYNASTY ACQUISITION CO INC	200,033	$201,931	0.07%	FLOATER	08/24/28
DDD1343191	DYNASTY ACQUISITION CO INC	77,127	$77,859	0.03%	FLOATER	08/24/28
DDD1341468	ECI MACOLA/MAX HOLDING LLC	614,123	$618,154	0.22%	FLOATER	05/09/30
27900QAA4	ECO MATERIAL TECHNOLOGIES INC	1,000,000	$1,002,751	0.35%	7.88%	01/31/27

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6

	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	DDD1138695	EDELMAN FINANCIAL ENGINES CENTER	971,110	$972,975	0.34%	FLOATER	04/07/28
	LLC
	28618MAA4	ELEMENT SOLUTIONS INC	200,000	$182,009	0.06%	3.88%	09/01/28
	29089QAC9	EMERGENT BIOSOLUTIONS INC	900,000	$541,278	0.19%	3.88%	08/15/28
	29103CAA6	EMRLD BORROWER LP / EMERALD CO-	1,100,000	$1,097,927	0.38%	6.63%	12/15/30
	ISSUER INC
	292554AQ5	ENCORE CAPITAL GROUP INC	600,000	$621,874	0.22%	9.25%	04/01/29
	292554AR3	ENCORE CAPITAL GROUP INC	400,000	$400,393	0.14%	8.50%	05/15/30
	29281RAA7	ENDO FINANCE HOLDINGS INC	200,000	$205,624	0.07%	8.50%	04/15/31
	DDD1346179	ENDO FINANCE HOLDINGS INC	184,729	$185,061	0.06%	FLOATER	04/23/31
	29290D117	ENDO INC	8,810	$249,433	0.09%	N/A	N/A
	DDD1349529	ENDO INC	2,849	$80,662	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	$917,786	0.32%	9.00%	10/15/27
	DDD1187525	ENERGIZER HOLDINGS INC	168,049	$168,732	0.06%	FLOATER	12/22/27
	29336TAD2	ENLINK MIDSTREAM LLC	800,000	$815,091	0.28%	6.50%	09/01/30
	415864AM9	ENVIRI CORP	1,400,000	$1,323,258	0.46%	5.75%	07/31/27
	DDD1286227	EPICOR SOFTWARE CORP	371,162	$372,224	0.13%	FLOATER	07/31/27
	DDD1358824	EPICOR SOFTWARE CORP	197,424	$198,535	0.07%	FLOATER	05/22/31
	DDD1358825	EPICOR SOFTWARE CORP	23,163	$23,293	0.01%	FLOATER	05/22/31
	DDD1131571	EPICOR SOFTWARE CORPORATION	650,457	$653,657	0.23%	FLOATER	07/30/27
	26885BAM2	EQM MIDSTREAM PARTNERS LP	100,000	$102,127	0.04%	7.50%	06/01/27
	29450YAA7	EQUIPMENTSHARE.COM INC	800,000	$825,505	0.29%	9.00%	05/15/28
	29450YAB5	EQUIPMENTSHARE.COM INC	600,000	$619,216	0.22%	8.63%	05/15/32
	DDD1024397	ERESEARCH TECHNOLOGY INC	643,532	$647,036	0.23%	FLOATER	02/04/27
	(CLARIO HOLDINGS)
	29605JAA4	ESAB CORP	600,000	$599,253	0.21%	6.25%	04/15/29
	DDD1142785	EVERGREEN ACQCO 1 LP (SAVERS)	377,973	$380,967	0.13%	FLOATER	04/26/28
	30015DAA9	EVERGREEN ACQCO 1 LP / TVI INC	648,000	$688,237	0.24%	9.75%	04/26/28
	01F052664	FANNIE MAE OR FREDDIE MAC	12,136,000	$11,914,549	4.16%	5.50%	06/01/53
	31371KR37	FANNIE MAE POOL	35,262	$36,206	0.01%	6.50%	08/01/32
	3138EPAK0	FANNIE MAE POOL	18,866	$17,494	0.01%	4.00%	01/01/45
	3138M4GL0	FANNIE MAE POOL	1,460	$1,400	0.00%	3.00%	08/01/27
	3138WDKS9	FANNIE MAE POOL	96,981	$89,848	0.03%	4.00%	11/01/44
	3138WDT43	FANNIE MAE POOL	67,259	$62,317	0.02%	4.00%	12/01/44
	3138WEXT1	FANNIE MAE POOL	78,020	$69,952	0.02%	3.50%	06/01/45
	3138XMK66	FANNIE MAE POOL	587	$562	0.00%	4.50%	03/01/44
	3138Y9Q76	FANNIE MAE POOL	22,519	$20,346	0.01%	3.50%	01/01/45
	3138YPVA7	FANNIE MAE POOL	7,102	$6,357	0.00%	3.50%	04/01/45

franklintempleton.com

7

	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	3138YVHC6	FANNIE MAE POOL	271,903	$246,710	0.09%	3.50%	06/01/45
	31390HWR2	FANNIE MAE POOL	7,040	$6,979	0.00%	4.67%	06/01/32
	31401BN27	FANNIE MAE POOL	36,300	$37,108	0.01%	6.00%	04/01/33
	31405QDY1	FANNIE MAE POOL	39,976	$39,925	0.01%	6.98%	07/01/34
	31409CE76	FANNIE MAE POOL	44,767	$45,766	0.02%	6.00%	02/01/36
	3140FXD82	FANNIE MAE POOL	364,744	$318,340	0.11%	3.50%	07/01/56
	3140J6GM3	FANNIE MAE POOL	1,689,484	$1,563,041	0.55%	4.00%	10/01/47
	31410SQE0	FANNIE MAE POOL	5,546	$5,669	0.00%	6.00%	07/01/36
	31412AQB3	FANNIE MAE POOL	12,372	$12,620	0.00%	6.00%	06/01/38
	31412XKA1	FANNIE MAE POOL	106,419	$107,134	0.04%	5.50%	06/01/37
	31416CJQ0	FANNIE MAE POOL	27,365	$26,918	0.01%	5.00%	07/01/39
	31416VS21	FANNIE MAE POOL	152,121	$155,501	0.05%	6.00%	02/01/37
	31418CS54	FANNIE MAE POOL	335,567	$309,447	0.11%	4.00%	01/01/48
	31418DSM5	FANNIE MAE POOL	758,883	$666,565	0.23%	2.00%	09/01/35
	31418DTS1	FANNIE MAE POOL	2,407,421	$2,042,994	0.71%	3.00%	10/01/50
	31418E3E8	FANNIE MAE POOL	8,903,463	$8,743,312	3.06%	5.50%	03/01/54
	31418MD33	FANNIE MAE POOL	10,186	$9,968	0.00%	4.50%	09/01/29
	31418MKZ4	FANNIE MAE POOL	96,500	$95,404	0.03%	5.00%	05/01/38
	31419H3M2	FANNIE MAE POOL	1,977	$1,936	0.00%	3.50%	01/01/26
	3128MJ5M8	FEDERAL HOME LOAN MORTGAGE	1,581,416	$1,414,493	0.49%	3.50%	11/01/48
	CORP
	DDD1337023	FERTITTA ENTERTAINMENT LLC	670,609	$673,466	0.24%	FLOATER	01/27/29
		FERTITTA ENTERTAINMENT LLC /
	31556TAC3	FERTITTA ENTERTAINMENT FINANCE	1,300,000	$1,139,097	0.40%	6.75%	01/15/30
		CO INC
	DDD1174043	FINTHRIVE SOFTWARE INTERMEDIATE	621,847	$497,555	0.17%	FLOATER	12/17/28
	HLDGS INC (NTHRIVE)
	DDD1138323	FIRST BRANDS GROUP LLC	1,204,749	$1,195,713	0.42%	FLOATER	03/30/27
	DDD1196885	FIRST BRANDS GROUP LLC	1,218,110	$1,212,019	0.42%	FLOATER	03/30/27
	33767DAD7	FIRSTCASH INC	1,100,000	$1,089,958	0.38%	6.88%	03/01/32
	337120AA7	FIRST STUDENT BIDCO INC / FIRST	900,000	$809,024	0.28%	4.00%	07/31/29
	TRANSIT PARENT INC
	DDD1202824	FIRST STUDENT BIDCO INC / FIRST	369,275	$370,507	0.13%	FLOATER	07/21/28
	TRANSIT PARENT INC
	DDD1153521	FIRST STUDENT BIDCO INC & FIRST	106,520	$106,878	0.04%	FLOATER	07/16/28
	TRANSIT PARENT INC
	DDD1153523	FIRST STUDENT BIDCO INC & FIRST	350,247	$351,424	0.12%	FLOATER	07/16/28
	TRANSIT PARENT INC
	33834YAB4	FIVE POINT OPERATING CO LP / FIVE	839,586	$863,515	0.30%	10.50%	01/15/28
	POINT CAPITAL CORP
	DDD1346833	FLEXERA SOFTWARE LLC	65,913	$66,275	0.02%	FLOATER	03/03/28
	DDD1174154	FLYNN RESTAURANT GROUP LP	763,742	$768,038	0.27%	FLOATER	12/03/28
	346232AF8	FORESTAR GROUP INC	500,000	$478,085	0.17%	3.85%	05/15/26
	34965KAA5	FORTREA HOLDINGS INC	1,000,000	$1,001,238	0.35%	7.50%	07/01/30
	34966MAA0	FORTRESS INTERMEDIATE 3 INC	600,000	$606,520	0.21%	7.50%	06/01/31
	franklintempleton.com					8

	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	31283HF42	FREDDIE MAC	11,593	$11,919	0.00%	7.00%	09/01/27
	31283HR80	FREDDIE MAC	42,941	$44,929	0.02%	8.50%	07/01/31
	31283HVL6	FREDDIE MAC	4,081	$4,148	0.00%	6.00%	02/01/33
	31283HWZ4	FREDDIE MAC	4,910	$4,992	0.00%	6.00%	04/01/33
	31283HX75	FREDDIE MAC	45,314	$46,460	0.02%	6.00%	09/01/33
	31288HBR0	FREDDIE MAC	9,271	$9,469	0.00%	6.00%	04/01/33
	3128CUMW3	FREDDIE MAC	32,907	$33,458	0.01%	6.50%	08/01/27
	3128M6CW6	FREDDIE MAC	5,466	$5,630	0.00%	6.50%	03/01/38
	3128MJ3Y4	FREDDIE MAC	1,132,288	$1,047,146	0.37%	4.00%	05/01/48
	3128MJV23	FREDDIE MAC	8,634	$7,760	0.00%	3.50%	03/01/45
	31292GV45	FREDDIE MAC	1,396	$1,419	0.00%	6.00%	07/01/28
	31296QKB5	FREDDIE MAC	19,230	$19,683	0.01%	6.00%	11/01/33
	3132FCA21	FREDDIE MAC	82,977	$84,289	0.03%	6.00%	11/01/36
	DDD1148610	FREEDOM FINANCIAL 4472	7,795,103	$7,583,449	2.65%	15.38%	12/13/26
	35641AAA6	FREEDOM MORTGAGE HOLDINGS LLC	300,000	$303,272	0.11%	9.25%	02/01/29
	DDD1099007	GAINWELL ACQUISITION CORP	1,123,240	$1,094,693	0.38%	FLOATER	10/01/27
	364760AP3	GAP INC/THE	700,000	$598,987	0.21%	3.63%	10/01/29
	366504AA6	GARRETT MOTION HOLDINGS INC /	700,000	$704,196	0.25%	7.75%	05/31/32
	GARRETT LX I SARL
	366651AC1	GARTNER INC	500,000	$474,996	0.17%	4.50%	07/01/28
	366651AG2	GARTNER INC	200,000	$180,067	0.06%	3.63%	06/15/29
	367398AA2	GATES CORP/DE	400,000	$403,469	0.14%	6.88%	07/01/29
	DDD1120979	GENERAL NUTRITION CENTERS INC	109,407	$80,961	0.03%	FLOATER	10/07/26
	DDD1339457	GENESYS CLOUD SERVICES HOLDINGS	951,396	$959,126	0.34%	FLOATER	12/01/27
	II LLC
		GENESYS CLOUD SERVICES HOLDINGS
	DDD1326766	II LLC & GENESYS CLOUD SERVICES	394,615	$398,602	0.14%	FLOATER	12/13/27
	INC (FKA GREENEDEN US HOLDINGS II
		LLC)
	36170JAA4	GGAM FINANCE LTD	700,000	$725,489	0.25%	8.00%	06/15/28
	36170JAC0	GGAM FINANCE LTD	200,000	$206,280	0.07%	8.00%	02/15/27
	377320AA4	GLATFELTER CORP	400,000	$325,769	0.11%	4.75%	11/15/29
	DDD1351188	GLOBAL MEDICAL RESPONSE INC	502,396	$497,161	0.17%	FLOATER	10/02/28
	37892AAA8	GLOBAL NET LEASE INC / GLOBAL NET	800,000	$696,915	0.24%	3.75%	12/15/27
	LEASE OPERATING PARTNERSHIP LP
	DDD945654	GLOBAL TEL*LINK CORP	1,894,808	$1,856,021	0.65%	FLOATER	11/29/25
	DDD1297917	GN LOANCO LLC (FORWARD AIR)	382,483	$350,232	0.12%	FLOATER	12/19/30
	382550BH3	GOODYEAR TIRE & RUBBER CO/THE	1,000,000	$1,003,318	0.35%	9.50%	05/31/25
	21H052637	GOVT NATL MORTG ASSN	12,770,000	$12,763,597	4.46%	5.50%	03/01/53
	21H052637	GOVT NATL MORTG ASSN	-12,770,000	-$12,763,597	-4.46%	5.50%	03/01/53
	21H060663	GOVT NATL MORTG ASSN	12,510,000	$12,581,338	4.40%	6.00%	06/01/54
	36179VBG4	GOVT NATL MORTG ASSN	647,374	$580,783	0.20%	3.50%	12/20/49
	36201SG60	GOVT NATL MORTG ASSN	32,228	$33,229	0.01%	6.50%	09/15/32

franklintempleton.com

9

	Franklin Limited Duration Income Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	36202CZB2	GOVT NATL MORTG ASSN	113	$113	0.00%	8.00%	01/20/28
	36202DAB7	GOVT NATL MORTG ASSN	4,817	$4,917	0.00%	7.00%	01/20/29
	36202DFH9	GOVT NATL MORTG ASSN	146	$153	0.00%	8.00%	01/20/30
	36202DFZ9	GOVT NATL MORTG ASSN	12,582	$13,190	0.00%	8.00%	02/20/30
	36202DG70	GOVT NATL MORTG ASSN	3,086	$3,220	0.00%	8.00%	05/20/30
	36202DGE5	GOVT NATL MORTG ASSN	4,346	$4,537	0.00%	8.00%	03/20/30
	36202DGS4	GOVT NATL MORTG ASSN	234	$238	0.00%	8.00%	04/20/30
	36202DJB8	GOVT NATL MORTG ASSN	52	$53	0.00%	8.00%	08/20/30
	36202DJS1	GOVT NATL MORTG ASSN	1,056	$1,086	0.00%	8.00%	09/20/30
	36202DLH2	GOVT NATL MORTG ASSN	1,923	$1,989	0.00%	8.00%	01/20/31
	36202DM81	GOVT NATL MORTG ASSN	1,435	$1,461	0.00%	8.00%	05/20/31
	36202DMD0	GOVT NATL MORTG ASSN	2,096	$2,159	0.00%	8.00%	03/20/31
	36202DPG0	GOVT NATL MORTG ASSN	969	$964	0.00%	8.00%	08/20/31
	36202DQE4	GOVT NATL MORTG ASSN	478	$478	0.00%	8.00%	10/20/31
	36213QXP9	GOVT NATL MORTG ASSN	77,239	$78,493	0.03%	6.50%	06/15/31
	36290YYS1	GOVT NATL MORTG ASSN	31,200	$33,224	0.01%	6.50%	12/15/33
	64051NAA1	GPD COS INC	1,500,000	$1,441,786	0.50%	10.13%	04/01/26
	38528UAE6	GRAND CANYON UNIVERSITY	1,300,000	$1,171,144	0.41%	5.13%	10/01/28
	DDD1189897	GRAY TELEVISION INC	291,729	$267,626	0.09%	FLOATER	12/01/28
	DDD1173969	GREAT OUTDOORS GROUP LLC ASHCO	755,436	$757,385	0.26%	FLOATER	03/05/28
	INC HUNTSMAN HOLDINGS LLC
	39807UAD8	GREYSTAR REAL ESTATE PARTNERS	500,000	$527,243	0.18%	7.75%	09/01/30
	LLC
	DDD1323901	GREYSTAR REAL ESTATE PARTNERS	125,751	$126,694	0.04%	FLOATER	08/21/30
	LLC
	BP4YZP2	GRIFOLS SA	400,000	$346,446	0.12%	4.75%	10/15/28
	DDD1019865	GRIFOLS WORLDWIDE OPERATIONS	497,402	$495,000	0.17%	FLOATER	11/15/27
	USA INC
	DDD1360304	HAMILTON PROJECTS ACQUIROR LLC	109,204	$109,886	0.04%	FLOATER	05/22/31
	410345AQ5	HANESBRANDS INC	400,000	$408,179	0.14%	9.00%	02/15/31
	411618AB7	HARBOUR ENERGY PLC	500,000	$491,215	0.17%	5.50%	10/15/26
	404030AJ7	H&E EQUIPMENT SERVICES INC	1,200,000	$1,075,201	0.38%	3.88%	12/15/28
	428102AG2	HESS MIDSTREAM OPERATIONS LP	500,000	$503,418	0.18%	6.50%	06/01/29
	DDD1190994	HEXION HOLDINGS CORP	982,500	$985,368	0.34%	FLOATER	03/15/29
	DDD1186868	HEXION HOLDINGS CORPORATION	279,069	$256,465	0.09%	FLOATER	03/31/30
	DDD1120064	HIGHLINE AFTERMARKET ACQUISITION	533,279	$535,279	0.19%	FLOATER	11/09/27
		LLC
	431318AU8	HILCORP ENERGY I LP / HILCORP	500,000	$484,294	0.17%	5.75%	02/01/29
	FINANCE CO
	431571AF5	HILLENBRAND INC	600,000	$596,396	0.21%	6.25%	02/15/29
	DDD1146960	HILTON GRAND VACATIONS	662,793	$666,289	0.23%	FLOATER	08/02/28
	BORROWER LLC
	DDD1187105	HUNTER DOUGLAS INC	295,488	$295,357	0.10%	FLOATER	02/25/29
	DDD1132722	IDERA INC	1,159,497	$1,165,207	0.41%	FLOATER	03/02/28
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