Franklin Universal Trust : Portfolio Holdings - Franklin Universal Trust

Franklin Universal Trust

#ERROR

April 30, 2024

Franklin Universal Trust

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

68245XAM1	1011778 BC ULC / NEW RED FINANCE
INC
68251PAA5	1375209 BC LTD
90132BAA5	24 HOUR FITNESS WORLDWIDE INC
BQXHYR4	ADIENT GLOBAL HOLDINGS LTD
BQXJCN2	ADIENT GLOBAL HOLDINGS LTD
00790RAB0	ADVANCED DRAINAGE SYSTEMS INC
	ALBERTSONS COS INC / SAFEWAY INC /
013092AG6	NEW ALBERTSONS LP / ALBERTSONS
	LLC
018802108	ALLIANT ENERGY CORP
01883LAA1	ALLIANT HOLDINGS INTERMEDIATE
LLC / ALLIANT HOLDINGS CO-ISSUER
01883LAF0	ALLIANT HOLDINGS INTERMEDIATE
LLC / ALLIANT HOLDINGS CO-ISSUER
019576AD9	ALLIED UNIVERSAL HOLDCO LLC
019736AE7	ALLISON TRANSMISSION INC
019736AG2	ALLISON TRANSMISSION INC
02007VAA8	ALLWYN ENTERTAINMENT FINANCING
UK PLC
02156TAB0	ALTICE FRANCE HOLDING SA
00253XAA9	AMERICAN AIRLINES INC/AADVANTAGE
LOYALTY IP LTD
025537101	AMERICAN ELECTRIC POWER CO INC
030727AA9	AMERITEX HOLDCO INTERMEDIATE LLC
03212B103	AMPLIFY ENERGY CORP
03254TAC7	ANAGRAM HOLDINGS LLC/ANAGRAM
INTERNATIONAL INC
03674XAQ9	ANTERO RESOURCES CORP
03674XAS5	ANTERO RESOURCES CORP
03762UAD7	APOLLO COMMERCIAL REAL ESTATE
FINANCE INC

400,000	$345,217	0.18%	4.00%	10/15/30
305,000	$299,761	0.16%	9.00%	01/30/28
1,800,000	$0	0.00%	8.00%	06/01/22
400,000	$404,518	0.21%	7.00%	04/15/28
700,000	$727,608	0.38%	8.25%	04/15/31
500,000	$497,538	0.26%	6.38%	06/15/30
800,000	$706,682	0.37%	3.50%	03/15/29
80,000	$3,984,000	2.09%	N/A	N/A
300,000	$294,432	0.15%	6.75%	10/15/27
500,000	$501,916	0.26%	7.00%	01/15/31
1,200,000	$1,204,150	0.63%	7.88%	02/15/31
600,000	$574,057	0.30%	4.75%	10/01/27
300,000	$257,068	0.13%	3.75%	01/30/31
800,000	$818,992	0.43%	7.88%	04/30/29
1,500,000	$533,911	0.28%	10.50%	05/15/27
466,666	$461,682	0.24%	5.50%	04/20/26
65,000	$5,591,950	2.93%	N/A	N/A
600,000	$632,778	0.33%	10.25%	10/15/28
245	$1,729	0.00%	N/A	N/A
257,209	$5,137	0.00%	N/A	08/15/26
166,000	$170,167	0.09%	7.63%	02/01/29
700,000	$666,100	0.35%	5.38%	03/01/30
1,500,000	$1,237,722	0.65%	4.63%	06/15/29

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	Franklin Universal Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	00213MAW4	APX GROUP INC	800,000	$744,811	0.39%	5.75%	07/15/29
	039653AA8	ARCOSA INC	300,000	$273,422	0.14%	4.38%	04/15/29
	03969AAQ3	ARDAGH PACKAGING FINANCE PLC /	800,000	$792,960	0.42%	5.25%	04/30/25
	ARDAGH HOLDINGS USA INC
	03969AAR1	ARDAGH PACKAGING FINANCE PLC /	600,000	$306,624	0.16%	5.25%	08/15/27
	ARDAGH HOLDINGS USA INC
	045086AM7	ASHTON WOODS USA LLC / ASHTON	1,500,000	$1,358,170	0.71%	4.63%	08/01/29
	WOODS FINANCE CO
	01741RAN2	ATI INC	700,000	$716,858	0.38%	7.25%	08/15/30
	001940AC9	ATS CORP	1,300,000	$1,170,181	0.61%	4.13%	12/15/28
	BS99WP2	BANIJAY ENTERTAINMENT SASU	800,000	$819,249	0.43%	8.13%	05/01/29
	ETYPE0010	BANK OF AMERICA 15SEP26	-60,000,000	-$60,000,000	-31.45%	N/A	12/31/49
	071734AQ0	BAUSCH HEALTH COS INC	542,000	$424,380	0.22%	11.00%	09/30/28
	071734AR8	BAUSCH HEALTH COS INC	107,000	$69,550	0.04%	14.00%	10/15/30
	071705AA5	BAUSCH + LOMB CORP	400,000	$413,600	0.22%	8.38%	10/01/28
	088606108	BHP GROUP LTD	25,185	$1,389,204	0.73%	N/A	N/A
	09075C104	BIRCH PERMIAN HOLDINGS INC	3,694	$31,053	0.02%	N/A	N/A
	09075C203	BIRCH PERMIAN HOLDINGS INC	28,796	$242,073	0.13%	N/A	N/A
	10554NAB4	BRASKEM IDESA SAPI	300,000	$225,488	0.12%	6.99%	02/20/32
	12687GAA7	CABLEVISION LIGHTPATH LLC	500,000	$441,619	0.23%	3.88%	09/15/27
	12769GAB6	CAESARS ENTERTAINMENT INC	300,000	$302,294	0.16%	7.00%	02/15/30
	12769GAC4	CAESARS ENTERTAINMENT INC	800,000	$788,742	0.41%	6.50%	02/15/32
	128786AA8	CALDERYS FINANCING LLC	800,000	$850,422	0.45%	11.25%	06/01/28
	13057Q123	CALIFORNIA RESOURCES CORP	64	$1,102	0.00%	N/A	10/27/24
	13057Q305	CALIFORNIA RESOURCES CORP	27	$1,427	0.00%	N/A	N/A
	131347CP9	CALPINE CORP	700,000	$643,686	0.34%	4.63%	02/01/29
	131347CQ7	CALPINE CORP	900,000	$816,510	0.43%	5.00%	02/01/31
		CALUMET SPECIALTY PRODUCTS
	131477AV3	PARTNERS LP / CALUMET FINANCE	900,000	$861,709	0.45%	8.13%	01/15/27
		CORP
		CALUMET SPECIALTY PRODUCTS
	131477AX9	PARTNERS LP / CALUMET FINANCE	800,000	$827,612	0.43%	9.25%	07/15/29
		CORP
	13323AAB6	CAMELOT FINANCE SA	600,000	$571,941	0.30%	4.50%	11/01/26
	143658BL5	CARNIVAL CORP	200,000	$201,375	0.11%	7.63%	03/01/26
	143658BN1	CARNIVAL CORP	1,500,000	$1,464,962	0.77%	5.75%	03/01/27
	14366RAA7	CARNIVAL HOLDINGS BERMUDA LTD	400,000	$433,956	0.23%	10.38%	05/01/28
	1248EPCB7	CCO HOLDINGS LLC / CCO HOLDINGS	500,000	$440,759	0.23%	5.38%	06/01/29
	CAPITAL CORP
	1248EPCE1	CCO HOLDINGS LLC / CCO HOLDINGS	1,700,000	$1,382,765	0.72%	4.50%	08/15/30
	CAPITAL CORP
	1248EPCK7	CCO HOLDINGS LLC / CCO HOLDINGS	200,000	$156,677	0.08%	4.25%	02/01/31
	CAPITAL CORP
	15135BAX9	CENTENE CORP	500,000	$402,292	0.21%	2.50%	03/01/31
	15135BAY7	CENTENE CORP	500,000	$436,900	0.23%	2.45%	07/15/28

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

15135BAZ4 CENTENE CORP

15189T107 CENTERPOINT ENERGY INC

16411QAG6 CHENIERE ENERGY PARTNERS LP

16411QAK7 CHENIERE ENERGY PARTNERS LP

165167735 CHESAPEAKE ENERGY CORP

92735LAA0 CHESAPEAKE ENERGY CORP

DDD1133939 CHESAPEAKE ENERGY CORP

500,000	$400,535	0.21%	2.63%	08/01/31
122,800	$3,578,392	1.88%	N/A	N/A
500,000	$468,208	0.25%	4.50%	10/01/29
700,000	$625,115	0.33%	4.00%	03/01/31
1,871	$168,165	0.09%	N/A	N/A
500,000	$500,042	0.26%	6.75%	04/15/29
1,500,000	$35,625	0.02%	N/A	N/A

17027NAB8

CHOBANI LLC / CHOBANI FINANCE CORP INC

800,000

$741,338

0.39%

4.63% 11/15/28

17027NAC6

12543DBH2

CHOBANI LLC / CHOBANI FINANCE CORP INC

CHS/COMMUNITY HEALTH SYSTEMS INC

200,000	$202,365	0.11%	7.63%	07/01/29
300,000	$262,060	0.14%	6.00%	01/15/29

12543DBL3

CHS/COMMUNITY HEALTH SYSTEMS INC

500,000

$353,996

0.19%

6.13% 04/01/30

12543DBN9

CHS/COMMUNITY HEALTH SYSTEMS INC

500,000

$512,512

0.27%

10.88% 01/15/32

17302XAN6 CITGO PETROLEUM CORP

17888HAA1 CIVITAS RESOURCES INC

17888HAB9 CIVITAS RESOURCES INC

500,000	$517,889	0.27%	8.38%	01/15/29
700,000	$731,103	0.38%	8.38%	07/01/28
700,000	$743,394	0.39%	8.75%	07/01/31

18453HAA4

CLEAR CHANNEL OUTDOOR HOLDINGS

INC

400,000

$371,132

0.19%

5.13% 08/15/27

18453HAC0

18453HAD8

CLEAR CHANNEL OUTDOOR HOLDINGS

INC

CLEAR CHANNEL OUTDOOR HOLDINGS INC

300,000	$254,624	0.13%	7.75%	04/15/28
500,000	$403,390	0.21%	7.50%	06/01/29

18453HAE6

CLEAR CHANNEL OUTDOOR HOLDINGS

INC

500,000

$514,524

0.27%

9.00% 09/15/28

18539UAC9 CLEARWAY ENERGY OPERATING LLC

18539UAD7 CLEARWAY ENERGY OPERATING LLC

18539UAE5 CLEARWAY ENERGY OPERATING LLC

125896100 CMS ENERGY CORP

201723AP8 COMMERCIAL METALS CO

203372AV9 COMMSCOPE INC

209115104 CONSOLIDATED EDISON INC

BMXD8L6

CONSOLIDATED ENERGY FINANCE SA

21037T109 CONSTELLATION ENERGY CORP

21039CAB0 CONSTELLIUM SE

CONSUMER LOAN UNDERLYING BOND 21055TAA4 CERTIFICATE ISSUER TRUST I SERIES

2019-26

CONSUMER LOAN UNDERLYING BOND 21055FAA4 CERTIFICATE ISSUER TRUST I SERIES

2019-31

CONSUMER LOAN UNDERLYING BOND 21054QAA1 CERTIFICATE ISSUER TRUST I SERIES

2019-37

400,000	$377,315	0.20%	4.75%	03/15/28
300,000	$253,974	0.13%	3.75%	02/15/31
400,000	$331,587	0.17%	3.75%	01/15/32
78,000	$4,727,580	2.48%	N/A	N/A
700,000	$609,840	0.32%	3.88%	02/15/31
1,600,000	$536,852	0.28%	7.13%	07/01/28
35,000	$3,304,000	1.73%	N/A	N/A
600,000	$507,676	0.27%	5.63%	10/15/28
21,666	$4,028,576	2.11%	N/A	N/A
600,000	$532,618	0.28%	3.75%	04/15/29
16,142	$15,389	0.01%	13.48%	08/15/44
16,051	$14,942	0.01%	22.58%	09/15/44
18,813	$17,944	0.01%	15.12%	10/17/44

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	Franklin Universal Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
		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	19,761	$18,745	0.01%	14.26%	01/15/45
		2019-52
		CONSUMER LOAN UNDERLYING BOND
	21055RAA8	CERTIFICATE ISSUER TRUST I SERIES	921	$902	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	0.01%	7.15%	12/15/44
		2019-SLCT7

CONSUMER LOAN UNDERLYING BOND 21056TAA3 CERTIFICATE ISSUER TRUST I SERIES

2020-2

CONSUMER LOAN UNDERLYING BOND 21057BAA1 CLUB CERTIFICATE ISSUER TRUST I

SERIES 2019-SLCT8

CONSUMER LOAN UNDERLYING BOND 21056VAA8 CLUB CERTIFICATE ISSUER TRUST I

21,745	$20,519	0.01%	14.82%	03/15/45
13,527	$12,740	0.01%	8.46%	01/15/45
13,175	$12,268	0.01%	13.61%	04/17/45

21054GAA3

SERIES 2020-7

CONSUMER LOAN UNDERLYING BOND

CREDIT TRUST 2019-SLCT4

6,765

$6,617

0.00%

4.66% 08/15/44

21055CAA1

CONSUMER LOAN UNDERLYING BOND CREDIT TRUST 2019-SLCT5

10,963

$10,421

0.01%

18.85% 09/15/44

21925DAA7 CORNERSTONE BUILDING BRANDS INC

COTY INC/HFC PRESTIGE PRODUCTS 22207AAA0 INC/HFC PRESTIGE INTERNATIONAL US

300,000	$254,457	0.13%	6.13%	01/15/29
600,000	$600,829	0.31%	6.63%	07/15/30

228701AG3

LLC

CROWNROCK LP / CROWNROCK FINANCE INC

300,000

$295,809

0.16%

5.00% 05/01/29

126307BF3 CSC HOLDINGS LLC

126307BM8 CSC HOLDINGS LLC

126307BN6 CSC HOLDINGS LLC

237266AJ0 DARLING INGREDIENTS INC

23918KAS7 DAVITA INC

830867AB3 DELTA AIR LINES INC / SKYMILES IP LTD

DDD1185249 DIAMOND SPORTS GROUP LLC

DDD1327665 DIAMOND SPORTS GROUP LLC

300,000	$185,239	0.10%	3.38%	02/15/31
700,000	$619,856	0.32%	11.25%	05/15/28
500,000	$444,524	0.23%	11.75%	01/31/29
200,000	$194,413	0.10%	6.00%	06/15/30
1,200,000	$1,052,422	0.55%	4.63%	06/01/30
700,000	$677,844	0.36%	4.75%	10/20/28
70,723	$67,953	0.04%	FLOATER	05/11/26
83,227	$133,858	0.07%	FLOATER	11/30/24

25277LAC0

DIAMOND SPORTS GROUP LLC /

DIAMOND SPORTS FINANCE CO

700,000

$17,937

0.01%

6.63% 08/15/27

25277LAF3

DIAMOND SPORTS GROUP LLC / DIAMOND SPORTS FINANCE CO

800,000

$20,500

0.01%

5.38% 08/15/26

25381HAK4 DIGICEL GROUP HOLDINGS LTD

25381HAM0 DIGICEL GROUP HOLDINGS LTD

235	$12	0.00%	N/A	12/31/30
26,768	$1,410	0.00%	N/A	12/31/30

25461LAA0

DIRECTV FINANCING LLC / DIRECTV

FINANCING CO-OBLIGOR INC

200,000

$186,580

0.10%

5.88% 08/15/27

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	Franklin Universal Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	25746U109	DOMINION ENERGY INC	65,000	$3,313,700	1.74%	N/A	N/A
	25830JAA9	DORNOCH DEBT MERGER SUB INC	1,400,000	$1,157,980	0.61%	6.63%	10/15/29
	26154DAA8	DREAM FINDERS HOMES INC	500,000	$515,539	0.27%	8.25%	08/15/28
	233331107	DTE ENERGY CO	30,000	$3,309,600	1.74%	N/A	N/A
	23345M107	DT MIDSTREAM INC	15,000	$933,000	0.49%	N/A	N/A
	23345MAA5	DT MIDSTREAM INC	300,000	$272,149	0.14%	4.13%	06/15/29
	26441C204	DUKE ENERGY CORP	40,000	$3,930,400	2.06%	N/A	N/A
	27900QAA4	ECO MATERIAL TECHNOLOGIES INC	500,000	$504,116	0.26%	7.88%	01/31/27
	281020107	EDISON INTERNATIONAL	36,000	$2,558,160	1.34%	N/A	N/A
	28618MAA4	ELEMENT SOLUTIONS INC	200,000	$180,228	0.09%	3.88%	09/01/28
	29089QAC9	EMERGENT BIOSOLUTIONS INC	900,000	$459,048	0.24%	3.88%	08/15/28
	29103CAA6	EMRLD BORROWER LP / EMERALD CO-	900,000	$893,060	0.47%	6.63%	12/15/30
	ISSUER INC
	29250N105	ENBRIDGE INC	39,360	$1,398,854	0.73%	N/A	N/A
	292554AQ5	ENCORE CAPITAL GROUP INC	600,000	$613,737	0.32%	9.25%	04/01/29
	29281RAA7	ENDO FINANCE HOLDINGS INC	200,000	$203,463	0.11%	8.50%	04/15/31
	29290D117	ENDO INC	8,510	$243,731	0.13%	N/A	N/A
	DDD1349529	ENDO INC	2,849	$81,597	0.04%	N/A	N/A
	DDD1349513	ENDO INC/UNITED STATES	389,000	$0	0.00%	N/A	N/A
	DDD1349514	ENDO INC/UNITED STATES	302,000	$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	225,000	$0	0.00%	N/A	N/A
	29269RAA3	ENERFLEX LTD	900,000	$922,446	0.48%	9.00%	10/15/27
	29336TAD2	ENLINK MIDSTREAM LLC	800,000	$810,666	0.42%	6.50%	09/01/30
	29364G103	ENTERGY CORP	30,000	$3,200,100	1.68%	N/A	N/A
	415864AM9	ENVIRI CORP	500,000	$468,190	0.25%	5.75%	07/31/27
	26885BAM2	EQM MIDSTREAM PARTNERS LP	100,000	$101,965	0.05%	7.50%	06/01/27
	26884LAM1	EQT CORP	300,000	$283,713	0.15%	3.13%	05/15/26
	29450YAA7	EQUIPMENTSHARE.COM INC	800,000	$822,263	0.43%	9.00%	05/15/28
	29450YAB5	EQUIPMENTSHARE.COM INC	600,000	$611,201	0.32%	8.63%	05/15/32
	29605JAA4	ESAB CORP	600,000	$598,498	0.31%	6.25%	04/15/29
	30015DAA9	EVERGREEN ACQCO 1 LP / TVI INC	648,000	$687,070	0.36%	9.75%	04/26/28
	30034W106	EVERGY INC	72,000	$3,776,400	1.98%	N/A	N/A
	30161N101	EXELON CORP	65,000	$2,442,700	1.28%	N/A	N/A
		FERTITTA ENTERTAINMENT LLC /
	31556TAC3	FERTITTA ENTERTAINMENT FINANCE	1,300,000	$1,131,927	0.59%	6.75%	01/15/30
		CO INC
	33767DAD7	FIRSTCASH INC	1,100,000	$1,087,471	0.57%	6.88%	03/01/32
	337932107	FIRSTENERGY CORP	61,000	$2,338,740	1.23%	N/A	N/A
	337120AA7	FIRST STUDENT BIDCO INC / FIRST	900,000	$787,958	0.41%	4.00%	07/31/29
	TRANSIT PARENT INC
	33834YAB4	FIVE POINT OPERATING CO LP / FIVE	335,834	$342,943	0.18%	10.50%	01/15/28
	POINT CAPITAL CORP

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

30251GBC0	FMG RESOURCES AUGUST 2006 PTY
LTD
346232AF8	FORESTAR GROUP INC
34965KAA5	FORTREA HOLDINGS INC
DDD1148615	FREEDOM FINANCIAL 4002
35641AAA6	FREEDOM MORTGAGE HOLDINGS LLC
35671D857	FREEPORT-MCMORAN INC
364760AP3	GAP INC/THE
366651AC1	GARTNER INC
366651AE7	GARTNER INC
366651AG2	GARTNER INC
36170JAA4	GGAM FINANCE LTD
36170JAC0	GGAM FINANCE LTD
377320AA4	GLATFELTER CORP
37892AAA8	GLOBAL NET LEASE INC / GLOBAL NET
LEASE OPERATING PARTNERSHIP LP
382550BH3	GOODYEAR TIRE & RUBBER CO/THE
382550BN0	GOODYEAR TIRE & RUBBER CO/THE
64051NAA1	GPD COS INC
38528UAE6	GRAND CANYON UNIVERSITY
39807UAD8	GREYSTAR REAL ESTATE PARTNERS
LLC
BP4YZP2	GRIFOLS SA
410345AQ5	HANESBRANDS INC
411618AB7	HARBOUR ENERGY PLC
418751AB9	HAT HOLDINGS I LLC / HAT HOLDINGS II
LLC
404030AJ7	H&E EQUIPMENT SERVICES INC
431318AV6	HILCORP ENERGY I LP / HILCORP
FINANCE CO
431318AY0	HILCORP ENERGY I LP / HILCORP
FINANCE CO
431318BC7	HILCORP ENERGY I LP / HILCORP
FINANCE CO
431571AF5	HILLENBRAND INC
457756500	IFT MONEY MARKET PORTFOLIO
449691AC8	ILIAD HOLDING SASU
45232TAA9	ILLUMINATE BUYER LLC / ILLUMINATE
HOLDINGS IV INC
46284VAL5	IRON MOUNTAIN INC
46284VAP6	IRON MOUNTAIN INC
47010BAM6	JAGUAR LAND ROVER AUTOMOTIVE
PLC

500,000	$440,736	0.23%	4.38%	04/01/31
500,000	$474,975	0.25%	3.85%	05/15/26
1,000,000	$1,009,973	0.53%	7.50%	07/01/30
2,246,591	$2,152,860	1.13%	15.76%	11/18/26
300,000	$301,883	0.16%	9.25%	02/01/29
40,380	$2,016,577	1.06%	N/A	N/A
700,000	$592,885	0.31%	3.63%	10/01/29
500,000	$470,643	0.25%	4.50%	07/01/28
300,000	$261,374	0.14%	3.75%	10/01/30
200,000	$179,143	0.09%	3.63%	06/15/29
700,000	$721,431	0.38%	8.00%	06/15/28
200,000	$205,127	0.11%	8.00%	02/15/27
400,000	$336,522	0.18%	4.75%	11/15/29
800,000	$681,540	0.36%	3.75%	12/15/27
900,000	$903,936	0.47%	9.50%	05/31/25
600,000	$544,782	0.29%	5.00%	07/15/29
1,500,000	$1,412,537	0.74%	10.13%	04/01/26
800,000	$713,936	0.37%	5.13%	10/01/28
500,000	$515,503	0.27%	7.75%	09/01/30
400,000	$323,517	0.17%	4.75%	10/15/28
400,000	$398,403	0.21%	9.00%	02/15/31
500,000	$490,580	0.26%	5.50%	10/15/26
400,000	$398,326	0.21%	6.00%	04/15/25
600,000	$531,583	0.28%	3.88%	12/15/28
200,000	$191,678	0.10%	6.00%	02/01/31
300,000	$287,741	0.15%	6.00%	04/15/30
700,000	$751,462	0.39%	8.38%	11/01/33
600,000	$596,045	0.31%	6.25%	02/15/29
7,110,486	$7,110,486	3.73%	N/A	N/A
800,000	$783,022	0.41%	7.00%	10/15/28
1,000,000	$980,115	0.51%	9.00%	07/01/28
300,000	$277,930	0.15%	5.63%	07/15/32
700,000	$704,607	0.37%	7.00%	02/15/29
1,100,000	$1,036,121	0.54%	5.50%	07/15/29

47077WAA6

JANE STREET GROUP / JSG FINANCE

INC

500,000

$455,179

0.24%

4.50% 11/15/29

franklintempleton.com

6

	Franklin Universal Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	472481AA8	JEFFERSON CAPITAL HOLDINGS LLC	600,000	$590,376	0.31%	6.00%	08/15/26
	472481AB6	JEFFERSON CAPITAL HOLDINGS LLC	1,300,000	$1,323,985	0.69%	9.50%	02/15/29
	48020RAA3	JONES DESLAURIERS INSURANCE	900,000	$953,512	0.50%	10.50%	12/15/30
	MANAGEMENT INC
	48126HAA8	JPMORGAN CHASE & CO	900,000	$900,000	0.47%	8.87%	02/01/73
	49272YAB9	KEDRION SPA	1,000,000	$904,500	0.47%	6.50%	09/01/29
	49461MAA8	KINETIK HOLDINGS LP	400,000	$387,057	0.20%	5.88%	06/15/30
	499894AA1	KOBE US MIDCO 2 INC	210,000	$181,125	0.09%	10.00%	11/01/26
	50012LAC8	KODIAK GAS SERVICES LLC	700,000	$705,646	0.37%	7.25%	02/15/29
	50168QAE5	LABL INC	300,000	$300,486	0.16%	9.50%	11/01/28
	505742AP1	LADDER CAPITAL FINANCE HOLDINGS	300,000	$267,980	0.14%	4.75%	06/15/29
	LLLP / LADDER CAPITAL FINANCE CORP
	50201DAA1	LCPR SENIOR SECURED FINANCING	450,000	$417,487	0.22%	6.75%	10/15/27
	DAC
	524590AA4	LEEWARD RENEWABLE ENERGY	1,000,000	$828,714	0.43%	4.25%	07/01/29
	OPERATIONS LLC
	DDD977712	LENDING CLUB 4002	131,476	$98,193	0.05%	14.73%	08/12/25
	DDD1020320	LENDING CLUB LCX 4002	3,134	$3,159	0.00%	25.65%	01/21/25
	DDD1090191	LENDING CLUB LCXPM 4002	970,427	$786,174	0.41%	19.28%	11/17/26
	50187TAH9	LGI HOMES INC	800,000	$832,672	0.44%	8.75%	12/15/28
	536797AF0	LITHIA MOTORS INC	300,000	$262,936	0.14%	4.38%	01/15/31
	55609NAC2	MACQUARIE AIRFINANCE HOLDINGS	100,000	$99,811	0.05%	6.40%	03/26/29
	LTD
	55609NAD0	MACQUARIE AIRFINANCE HOLDINGS	200,000	$200,335	0.11%	6.50%	03/26/31
	LTD
	573334AK5	MARTIN MIDSTREAM PARTNERS LP /	1,800,000	$1,911,105	1.00%	11.50%	02/15/28
	MARTIN MIDSTREAM FINANCE CORP
	576485AG1	MATADOR RESOURCES CO	700,000	$694,249	0.36%	6.50%	04/15/32
	57763RAC1	MAUSER PACKAGING SOLUTIONS	1,500,000	$1,471,643	0.77%	9.25%	04/15/27
	HOLDING CO
	57763RAD9	MAUSER PACKAGING SOLUTIONS	1,000,000	$1,020,000	0.53%	7.88%	04/15/27
	HOLDING CO
	579063AB4	MCAFEE CORP	800,000	$741,772	0.39%	7.38%	02/15/30
	62482BAB8	MEDLINE BORROWER LP	500,000	$465,916	0.24%	5.25%	10/01/29
	55916AAA2	MICHAELS COS INC/THE	300,000	$254,255	0.13%	5.25%	05/01/28
	55916AAB0	MICHAELS COS INC/THE	600,000	$440,120	0.23%	7.88%	05/01/29
	55305BAV3	M/I HOMES INC	600,000	$521,025	0.27%	3.95%	02/15/30
	60672JAA7	MITER BRANDS ACQUISITION HOLDCO	500,000	$496,875	0.26%	6.75%	04/01/32
	INC / MIWD BORROWER LLC
	60783XAA2	MODIVCARE ESCROW ISSUER INC	100,000	$69,568	0.04%	5.00%	10/01/29
	553283AC6	MPH ACQUISITION HOLDINGS LLC	1,000,000	$736,041	0.39%	5.75%	11/01/28
	DDD931149	MPL SEGREGATED SETTLED CASH	66,063	$66,063	0.03%	N/A	02/20/49
	55342UAG9	MPT OPERATING PARTNERSHIP LP /	200,000	$182,403	0.10%	5.25%	08/01/26
	MPT FINANCE CORP
	626738AE8	MURPHY OIL USA INC	700,000	$652,213	0.34%	4.75%	09/15/29
	62704PAM5	MURRAY ENERGY CORP	757,734	$0	0.00%	9.00%	04/15/24
	franklintempleton.com					7

	Franklin Universal Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	62957HAP0	NABORS INDUSTRIES INC	300,000	$309,578	0.16%	9.13%	01/31/30
	BL3BQ20	NABORS INDUSTRIES LTD	600,000	$594,797	0.31%	7.25%	01/15/26
	63861CAE9	NATIONSTAR MORTGAGE HOLDINGS	1,100,000	$1,001,017	0.52%	5.75%	11/15/31
	INC
	62886HBA8	NCL CORP LTD	300,000	$294,159	0.15%	5.88%	03/15/26
		NECESSITY RETAIL REIT INC/THE /
	02608AAA7	AMERICAN FINANCE OPERATING	900,000	$768,525	0.40%	4.50%	09/30/28
		PARTNER LP
	365417AA2	NEOGEN FOOD SAFETY CORP	400,000	$422,241	0.22%	8.63%	07/20/30
	651639106	NEWMONT CORP	26,000	$1,056,640	0.55%	N/A	N/A
	65249BAA7	NEWS CORP	200,000	$180,332	0.09%	3.88%	05/15/29
	65339F101	NEXTERA ENERGY INC	115,000	$7,701,550	4.04%	N/A	N/A
	65473P105	NISOURCE INC	60,000	$1,671,600	0.88%	N/A	N/A
	670001AG1	NOVELIS CORP	100,000	$93,604	0.05%	3.25%	11/15/26
	670001AH9	NOVELIS CORP	100,000	$84,784	0.04%	3.88%	08/15/31
	675232AD4	OCEANEERING INTERNATIONAL INC	300,000	$295,362	0.15%	6.00%	02/01/28
	682695AA9	ONEMAIN FINANCE CORP	1,400,000	$1,468,971	0.77%	9.00%	01/15/29
	69007TAB0	OUTFRONT MEDIA CAPITAL LLC /	100,000	$95,276	0.05%	5.00%	08/15/27
	OUTFRONT MEDIA CAPITAL CORP
	69007TAC8	OUTFRONT MEDIA CAPITAL LLC /	100,000	$88,365	0.05%	4.63%	03/15/30
	OUTFRONT MEDIA CAPITAL CORP
	69073TAT0	OWENS-BROCKWAY GLASS	375,000	$375,085	0.20%	6.63%	05/13/27
	CONTAINER INC
	69073TAU7	OWENS-BROCKWAY GLASS	800,000	$802,224	0.42%	7.25%	05/15/31
	CONTAINER INC
		PACTIV EVERGREEN GROUP ISSUER
	69527AAA4	INC. / PACTIV EVERGREEN GROUP	300,000	$276,398	0.14%	4.38%	10/15/28
		ISSUER LLC
		PACTIV EVERGREEN GROUP ISSUER
	76174LAA1	INC/PACTIV EVERGREEN GROUP	1,200,000	$1,114,542	0.58%	4.00%	10/15/27
		ISSUER LLC
	69318FAL2	PBF HOLDING CO LLC / PBF FINANCE	200,000	$205,856	0.11%	7.88%	09/15/30
	CORP
	72147KAL2	PILGRIM'S PRIDE CORP	1,100,000	$1,141,611	0.60%	6.88%	05/15/34
	723484101	PINNACLE WEST CAPITAL CORP	25,000	$1,841,250	0.97%	N/A	N/A
	737446AN4	POST HOLDINGS INC	300,000	$291,419	0.15%	5.63%	01/15/28
	737446AQ7	POST HOLDINGS INC	400,000	$361,509	0.19%	4.63%	04/15/30
	69351T106	PPL CORP	24,500	$672,770	0.35%	N/A	N/A
	69354NAD8	PRA GROUP INC	300,000	$248,627	0.13%	5.00%	10/01/29
	69354NAE6	PRA GROUP INC	600,000	$585,662	0.31%	8.38%	02/01/28
	74101XAF7	PRESIDIO HOLDINGS INC	900,000	$910,892	0.48%	8.25%	02/01/28
	74166MAF3	PRIME SECURITY SERVICES	600,000	$547,001	0.29%	3.38%	08/31/27
	BORROWER LLC/PRIME FINAN
	74168LAA4	PRIMO WATER HOLDINGS INC	700,000	$639,581	0.34%	4.38%	04/30/29
	74319RAA9	PROG HOLDINGS INC	900,000	$830,068	0.44%	6.00%	11/15/29
	DDD1155863	PROSPER GUIDED SELECT PROGRAM	1,130,666	$1,017,923	0.53%	15.36%	08/17/26
	4002

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8

	Franklin Universal Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	74360NAA6	PROSPER PASS-THRU TRUST III	11,645	$10,466	0.01%	10.56%	03/15/26
	74360NAB4	PROSPER PASS-THRU TRUST III	15,205	$13,963	0.01%	12.37%	04/15/26
	74360NAC2	PROSPER PASS-THRU TRUST III	2,884	$2,405	0.00%	2.55%	05/15/26
	744573106	PUBLIC SERVICE ENTERPRISE GROUP	45,000	$3,108,600	1.63%	N/A	N/A
	INC
	75079LAB7	RAIN CARBON INC	1,200,000	$1,251,170	0.66%	12.25%	09/01/29
	75079RAC2	RAIN CII CARBON LLC / CII CARBON	33,000	$32,387	0.02%	7.25%	04/01/25
	CORP
	758750AE3	REGAL REXNORD CORP	500,000	$502,352	0.26%	6.30%	02/15/30
	758750AF0	REGAL REXNORD CORP	400,000	$403,434	0.21%	6.40%	04/15/33
	749571AK1	RHP HOTEL PROPERTIES LP / RHP	1,100,000	$1,078,831	0.57%	6.50%	04/01/32
	FINANCE CORP
	BRXDCH5	RHP HOTEL PROPERTIES LP / RHP	300,000	$304,910	0.16%	7.25%	07/15/28
	FINANCE CORP
	767204100	RIO TINTO PLC	15,000	$1,017,450	0.53%	N/A	N/A
	76774LAB3	RITCHIE BROS HOLDINGS INC	300,000	$303,210	0.16%	6.75%	03/15/28
	76774LAC1	RITCHIE BROS HOLDINGS INC	500,000	$519,186	0.27%	7.75%	03/15/31
	77314EAA6	ROCKET SOFTWARE INC	1,100,000	$917,285	0.48%	6.50%	02/15/29
	780153BU5	ROYAL CARIBBEAN CRUISES LTD	300,000	$295,940	0.16%	6.25%	03/15/32
	BLDBLX6	ROYAL CARIBBEAN CRUISES LTD	500,000	$490,816	0.26%	5.50%	08/31/26
	78407R204	SCE TRUST II	27,500	$544,775	0.29%	N/A	12/15/67
	81104PAA7	SCRIPPS ESCROW INC	600,000	$472,742	0.25%	5.88%	07/15/27
	816851109	SEMPRA	90,000	$6,446,700	3.38%	N/A	N/A
	82967NBJ6	SIRIUS XM RADIO INC	600,000	$535,404	0.28%	4.00%	07/15/28
	83002YAA7	SIX FLAGS ENTERTAINMENT CORP / SIX	1,000,000	$996,731	0.52%	6.63%	05/01/32
	FLAGS THEME PARKS INC
	83283WAE3	SMYRNA READY MIX CONCRETE LLC	1,200,000	$1,264,684	0.66%	8.88%	11/15/31
	84473L105	SOUTH32 LTD	10,074	$114,742	0.06%	N/A	N/A
	842587107	SOUTHERN CO/THE	53,000	$3,895,500	2.04%	N/A	N/A
	853496AD9	STANDARD INDUSTRIES INC/NJ	500,000	$472,033	0.25%	4.75%	01/15/28
	853496AG2	STANDARD INDUSTRIES INC/NJ	100,000	$88,646	0.05%	4.38%	07/15/30
	857691AG4	STATION CASINOS LLC	400,000	$371,315	0.19%	4.50%	02/15/28
	858912AG3	STERICYCLE INC	1,200,000	$1,068,976	0.56%	3.88%	01/15/29
	861896AA6	STONEX GROUP INC	500,000	$506,062	0.27%	7.88%	03/01/31
	86722AAD5	SUNCOKE ENERGY INC	600,000	$530,503	0.28%	4.88%	06/30/29
	86765KAC3	SUNOCO LP	500,000	$508,236	0.27%	7.25%	05/01/32
	86765LAQ0	SUNOCO LP / SUNOCO FINANCE CORP	500,000	$494,425	0.26%	6.00%	04/15/27
	86765LAT4	SUNOCO LP / SUNOCO FINANCE CORP	200,000	$182,749	0.10%	4.50%	05/15/29
	87422Q109	TALEN ENERGY CORP	337	$33,700	0.02%	N/A	N/A
	87422Q208	TALEN ENERGY CORP	11,116	$1,111,600	0.58%	N/A	N/A
	88033GDQ0	TENET HEALTHCARE CORP	700,000	$688,903	0.36%	6.13%	06/15/30
	88033GDT4	TENET HEALTHCARE CORP	500,000	$501,616	0.26%	6.75%	05/15/31

franklintempleton.com

9

	Franklin Universal Trust				#ERROR
	Security	Security	Shares/	Market	% of	Coupon	Maturity
	Identifier	Name	Positions Held	Value	TNA	Rate	Date
	88167AAP6	TEVA PHARMACEUTICAL FINANCE	600,000	$574,561	0.30%	4.75%	05/09/27
	NETHERLANDS III BV
	88167AAR2	TEVA PHARMACEUTICAL FINANCE	300,000	$324,122	0.17%	8.13%	09/15/31
	NETHERLANDS III BV
	88167AAS0	TEVA PHARMACEUTICAL FINANCE	300,000	$315,338	0.17%	7.88%	09/15/29
	NETHERLANDS III BV
	BL0NW76	TRANSOCEAN INC	720,000	$751,243	0.39%	8.75%	02/15/30
	BQ3Q0Y0	TRANSOCEAN TITAN FINANCING LTD	100,000	$102,748	0.05%	8.38%	02/01/28
	BK0YL64	TRIVIUM PACKAGING FINANCE BV	500,000	$495,666	0.26%	8.50%	08/15/27
	87305RAK5	TTM TECHNOLOGIES INC	500,000	$447,632	0.23%	4.00%	03/01/29
	90932LAG2	UNITED AIRLINES INC	100,000	$96,280	0.05%	4.38%	04/15/26
	90932LAH0	UNITED AIRLINES INC	300,000	$276,791	0.15%	4.63%	04/15/29
	914906AV4	UNIVISION COMMUNICATIONS INC	600,000	$522,483	0.27%	4.50%	05/01/29
	DDD1160013	UPGRADE 4002	24,476	$19,491	0.01%	26.03%	10/24/27
	91531XAB0	UPGRADE MASTER PASS-THRU TRUST	12,476	$12,323	0.01%	11.19%	02/15/26
	DDD1160436	UPSTART 4002	3,299,672	$2,835,975	1.49%	18.31%	12/23/26
	90290MAG6	US FOODS INC	700,000	$706,832	0.37%	6.88%	09/15/28
	92328MAA1	VENTURE GLOBAL CALCASIEU PASS	300,000	$265,293	0.14%	3.88%	08/15/29
	LLC
	92328MAB9	VENTURE GLOBAL CALCASIEU PASS	300,000	$262,046	0.14%	4.13%	08/15/31
	LLC
	92328MAE3	VENTURE GLOBAL CALCASIEU PASS	400,000	$395,783	0.21%	6.25%	01/15/30
	LLC
	92332YAA9	VENTURE GLOBAL LNG INC	600,000	$613,993	0.32%	8.13%	06/01/28
	92332YAB7	VENTURE GLOBAL LNG INC	500,000	$513,436	0.27%	8.38%	06/01/31
	92332YAC5	VENTURE GLOBAL LNG INC	500,000	$537,743	0.28%	9.50%	02/01/29
	92535UAB0	VERTIV GROUP CORP	800,000	$741,630	0.39%	4.13%	11/15/28
	92552VAR1	VIASAT INC	300,000	$212,248	0.11%	7.50%	05/30/31
	69357VAA3	VIBRANTZ TECHNOLOGIES INC	1,000,000	$929,348	0.49%	9.00%	02/15/30
	92564RAD7	VICI PROPERTIES LP / VICI NOTE CO	700,000	$657,056	0.34%	3.75%	02/15/27
	INC
	92676XAD9	VIKING CRUISES LTD	300,000	$291,105	0.15%	5.88%	09/15/27
	BMGS3P7	VIKING CRUISES LTD	600,000	$598,216	0.31%	7.00%	02/15/29
	92763MAB1	VIPER ENERGY INC	700,000	$722,158	0.38%	7.38%	11/01/31
	92769XAR6	VIRGIN MEDIA SECURED FINANCE PLC	1,100,000	$929,147	0.49%	4.50%	08/15/30
	92840VAB8	VISTRA OPERATIONS CO LLC	700,000	$681,642	0.36%	5.63%	02/15/27
	92840VAH5	VISTRA OPERATIONS CO LLC	400,000	$364,568	0.19%	4.38%	05/01/29
	92840VAP7	VISTRA OPERATIONS CO LLC	100,000	$102,637	0.05%	7.75%	10/15/31
	92840VAR3	VISTRA OPERATIONS CO LLC	400,000	$398,604	0.21%	6.88%	04/15/32
	516806AJ5	VITAL ENERGY INC	400,000	$436,166	0.23%	9.75%	10/15/30
	516806AK2	VITAL ENERGY INC	500,000	$507,684	0.27%	7.88%	04/15/32
	91835HAA0	VM CONSOLIDATED INC	800,000	$753,674	0.40%	5.50%	04/15/29
	933940AA6	WAND NEWCO 3 INC	800,000	$813,956	0.43%	7.63%	01/30/32
	BNRPC80	WEATHERFORD INTERNATIONAL LTD	500,000	$519,567	0.27%	8.63%	04/30/30
	franklintempleton.com					10