FRANKLIN LTD DURATION INCOME

CUSIP: 35472T101 Class: COM

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
MORGAN STANLEY3,218,111$19,791
LPL Financial LLC1,505,912$9,261
Advisors Asset Management, Inc.1,065,522$6,553
Pathstone Holdings, LLC819,044$5,037
GUGGENHEIM CAPITAL LLC810,863$4,987
WELLS FARGO & COMPANY/MN786,525$4,837
Invesco Ltd.725,510$4,462
Penserra Capital Management LLC725,082$4
Shaker Financial Services, LLC495,009$3,044
ABSOLUTE INVESTMENT ADVISERS, LLC490,414$3,023
Allspring Global Investments Holdings, LLC471,936$2,902
GraniteShares Advisors LLC438,079$2,694
WOLVERINE ASSET MANAGEMENT LLC255,041$1,569
OSAIC HOLDINGS, INC.241,923$1,488
Rareview Capital LLC208,656$1,340
Quarry LP192,663$1,185
BANK OF AMERICA CORP /DE/182,999$1,125
Kestra Advisory Services, LLC182,881$1,125
Cetera Investment Advisers177,633$1,092
Kingsview Wealth Management, LLC125,393$771
CREATIVE FINANCIAL DESIGNS INC /ADV112,391$691
NewEdge Advisors, LLC96,729$595
Baird Financial Group, Inc.91,778$564
Encompass More Asset Management91,291$561
Private Advisor Group, LLC84,274$518
Financially in Tune, LLC82,895$510
JANE STREET GROUP, LLC81,224$500
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC79,100$486
Koshinski Asset Management, Inc.75,825$466
ENVESTNET ASSET MANAGEMENT INC74,236$457
UBS Group AG72,631$447
ROYAL BANK OF CANADA65,625$404
STIFEL FINANCIAL CORP63,142$388
CITY OF LONDON INVESTMENT MANAGEMENT CO LTD59,915$368
Powell Investment Advisors, LLC59,684$367
RAYMOND JAMES FINANCIAL INC58,458$360
Apollon Wealth Management, LLC51,300$315
Logan Stone Capital, LLC47,416$292
READYSTATE ASSET MANAGEMENT LP47,095$290
BALYASNY ASSET MANAGEMENT L.P.42,322$260
OPPENHEIMER & CO INC34,134$210
SeaCrest Wealth Management, LLC33,707$208
CoreCap Advisors, LLC33,247$204
PIN OAK INVESTMENT ADVISORS INC31,000$0
NOMURA HOLDINGS INC30,663$189
INTEGRITY ALLIANCE, LLC.30,592$188
Kovack Advisors, Inc.30,465$187
BlackRock, Inc.26,124$161
Cambridge Investment Research Advisors, Inc.24,235$0
Alteri Wealth LLC23,835$147
CHOREO, LLC23,721$148
BROWN ADVISORY INC23,199$143
HighTower Advisors, LLC23,168$142
Sowell Financial Services LLC23,023$142
ACCREDITED INVESTOR SERVICES, LLC22,819$140
LANDSCAPE CAPITAL MANAGEMENT, L.L.C.21,852$134
Merit Financial Group, LLC21,089$130
Waverly Advisors, LLC20,842$128
SUSQUEHANNA INTERNATIONAL GROUP, LLP19,281$119
Integrity Advisory Solutions, LLC18,404$113
Moors & Cabot, Inc.18,000$111
AZZAD ASSET MANAGEMENT INC /ADV16,750$103
Janney Montgomery Scott LLC15,771$0
Capital Investment Advisors, LLC15,064$93
Global Retirement Partners, LLC14,440$89
BARRETT & COMPANY, INC.14,367$88
CITADEL ADVISORS LLC13,673$84
Mariner, LLC13,197$81
NWF Advisory Services Inc.13,000$80
MML INVESTORS SERVICES, LLC12,575$77
PARK AVENUE SECURITIES LLC11,338$0
D.A. DAVIDSON & CO.11,275$69
STEPHENS INC /AR/11,013$68
Procyon Advisors, LLC10,819$67
WEDBUSH SECURITIES INC10,614$0
BlackDiamond Wealth Management Inc.10,091$63
Live Oak Private Wealth LLC10,000$62
SIT INVESTMENT ASSOCIATES INC9,381$0
Anfield Capital Management, LLC8,586$53
Sound Income Strategies, LLC7,220$45
Pinnacle Wealth Planning Services, Inc.5,870$36
EASTERN BANK5,000$31
Caldwell Trust Co2,800$17
JONES FINANCIAL COMPANIES LLLP2,340$14
WPG Advisers, LLC2,262$14
Steward Partners Investment Advisory, LLC1,965$12
Ransom Advisory, Ltd1,500$9
COMERICA BANK1,427$9
AdvisorNet Financial, Inc1,372$8
Hilltop National Bank1,325$8
BNP PARIBAS ARBITRAGE, SA1,280$8
HIGHLINE WEALTH PARTNERS LLC580$4
MAI Capital Management352$2
SageView Advisory Group, LLC265$2
CWM, LLC242$0
Farther Finance Advisors, LLC219$1
HUNTINGTON NATIONAL BANK99$1
ASSETMARK, INC44$0
Total (98 institutions)15,348,043$89,373