FRANKLIN LTD DURATION INCOME

Institution	Shares	Value ($000)
ABSOLUTE INVESTMENT ADVISERS, LLC	490,414	$3,023
Quarry LP	192,663	$1,185
Logan Stone Capital, LLC	47,416	$292
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC	79,100	$486
Pathstone Holdings, LLC	819,044	$5,037
BlackDiamond Wealth Management Inc.	10,091	$63
LANDSCAPE CAPITAL MANAGEMENT, L.L.C.	21,852	$134
Procyon Advisors, LLC	10,819	$67
Pinnacle Wealth Planning Services, Inc.	5,870	$36
BALYASNY ASSET MANAGEMENT L.P.	42,322	$260
Global Retirement Partners, LLC	14,440	$89
NOMURA HOLDINGS INC	30,663	$189
HighTower Advisors, LLC	23,168	$142
STEPHENS INC /AR/	11,013	$68
Ransom Advisory, Ltd	1,500	$9
SUSQUEHANNA INTERNATIONAL GROUP, LLP	19,281	$119
CITADEL ADVISORS LLC	13,673	$84
MAI Capital Management	352	$2
SageView Advisory Group, LLC	265	$2

Increased Positions (30)

Rareview Capital LLC

Value ($000) $1,340 (+9.5%) Shares 208,656 (+9.5%)

WOLVERINE ASSET MANAGEMENT LLC

Value ($000) $1,569 (+2102.1%) Shares 255,041 (+2180.8%)

Kingsview Wealth Management, LLC

Value ($000) $771 (+308.3%) Shares 125,393 (+322.9%)

Kovack Advisors, Inc.

Value ($000) $187 (+179.5%) Shares 30,465 (+189.5%)

ACCREDITED INVESTOR SERVICES, LLC

Value ($000) $140 (+6.6%) Shares 22,819 (+10.4%)

MORGAN STANLEY

Value ($000) $19,791 (+3.4%) Shares 3,218,111 (+7.1%)

AZZAD ASSET MANAGEMENT INC /ADV

Value ($000) $103 (+53.6%) Shares 16,750 (+59.1%)

STIFEL FINANCIAL CORP

Value ($000) $388 (+148.6%) Shares 63,142 (+157.5%)

JANE STREET GROUP, LLC

Value ($000) $500 (+90.4%) Shares 81,224 (+97.2%)

BlackRock, Inc.

Value ($000) $161 (+921.1%) Shares 26,124 (+957.7%)

Integrity Advisory Solutions, LLC

Value ($000) $113 (+13.0%) Shares 18,404 (+17.1%)

Cetera Investment Advisers

Value ($000) $1,092 (+5.4%) Shares 177,633 (+9.2%)

UBS Group AG

Value ($000) $447 (+19.0%) Shares 72,631 (+23.3%)

ENVESTNET ASSET MANAGEMENT INC

Value ($000) $457 (+6.5%) Shares 74,236 (+10.3%)

OSAIC HOLDINGS, INC.

Value ($000) $1,488 (-1.1%) Shares 241,923 (+2.6%)

Apollon Wealth Management, LLC

Value ($000) $315 (+3.8%) Shares 51,300 (+7.5%)

Penserra Capital Management LLC

Value ($000) $4 (+6.4%) Shares 725,082 (+10.2%)

JONES FINANCIAL COMPANIES LLLP

Value ($000) $14 (+565.6%) Shares 2,340 (+588.2%)

Capital Investment Advisors, LLC

Value ($000) $93 (+7.4%) Shares 15,064 (+11.3%)

ROYAL BANK OF CANADA

Value ($000) $404 (-1.0%) Shares 65,625 (+2.6%)

Institution	Prev Shares	Curr Shares	Change
Rareview Capital LLC	190,486	208,656	+18,170 (+9.5%)
WOLVERINE ASSET MANAGEMENT LLC	11,182	255,041	+243,859 (+2180.8%)
Kingsview Wealth Management, LLC	29,648	125,393	+95,745 (+322.9%)
Kovack Advisors, Inc.	10,525	30,465	+19,940 (+189.5%)
ACCREDITED INVESTOR SERVICES, LLC	20,663	22,819	+2,156 (+10.4%)
MORGAN STANLEY	3,005,108	3,218,111	+213,003 (+7.1%)
AZZAD ASSET MANAGEMENT INC /ADV	10,525	16,750	+6,225 (+59.1%)
STIFEL FINANCIAL CORP	24,520	63,142	+38,622 (+157.5%)
JANE STREET GROUP, LLC	41,181	81,224	+40,043 (+97.2%)
BlackRock, Inc.	2,470	26,124	+23,654 (+957.7%)
Integrity Advisory Solutions, LLC	15,720	18,404	+2,684 (+17.1%)
Cetera Investment Advisers	162,636	177,633	+14,997 (+9.2%)
UBS Group AG	58,922	72,631	+13,709 (+23.3%)
ENVESTNET ASSET MANAGEMENT INC	67,312	74,236	+6,924 (+10.3%)
OSAIC HOLDINGS, INC.	235,822	241,923	+6,101 (+2.6%)
Apollon Wealth Management, LLC	47,729	51,300	+3,571 (+7.5%)
Penserra Capital Management LLC	657,957	725,082	+67,125 (+10.2%)
JONES FINANCIAL COMPANIES LLLP	340	2,340	+2,000 (+588.2%)
Capital Investment Advisors, LLC	13,536	15,064	+1,528 (+11.3%)
ROYAL BANK OF CANADA	63,983	65,625	+1,642 (+2.6%)

Decreased Positions (18)

Shaker Financial Services, LLC

Value ($000) $3,044 (-31.1%) Shares 495,009 (-28.6%)

GraniteShares Advisors LLC

Value ($000) $2,694 (-9.2%) Shares 438,079 (-5.9%)

READYSTATE ASSET MANAGEMENT LP

Value ($000) $290 (-50.8%) Shares 47,095 (-49.1%)

CREATIVE FINANCIAL DESIGNS INC /ADV

Value ($000) $691 (-21.4%) Shares 112,391 (-18.6%)

GUGGENHEIM CAPITAL LLC

Value ($000) $4,987 (-5.6%) Shares 810,863 (-2.2%)

Invesco Ltd.

Value ($000) $4,462 (-8.9%) Shares 725,510 (-5.7%)

BROWN ADVISORY INC

Value ($000) $143 (-58.5%) Shares 23,199 (-57.0%)

NewEdge Advisors, LLC

Value ($000) $595 (-17.7%) Shares 96,729 (-14.7%)

Moors & Cabot, Inc.

Value ($000) $111 (-19.2%) Shares 18,000 (-16.3%)

Koshinski Asset Management, Inc.

Value ($000) $466 (-6.0%) Shares 75,825 (-2.7%)

BANK OF AMERICA CORP /DE/

Value ($000) $1,125 (-5.3%) Shares 182,999 (-1.9%)

Mariner, LLC

Value ($000) $81 (-22.4%) Shares 13,197 (-19.6%)

MML INVESTORS SERVICES, LLC

Value ($000) $77 (-10.5%) Shares 12,575 (-7.3%)

BARRETT & COMPANY, INC.

Value ($000) $88 (-5.9%) Shares 14,367 (-2.5%)

Sowell Financial Services LLC

Value ($000) $142 (-6.1%) Shares 23,023 (-2.7%)

SeaCrest Wealth Management, LLC

Value ($000) $208 (-5.0%) Shares 33,707 (-1.3%)

COMERICA BANK

Value ($000) $9 (-24.3%) Shares 1,427 (-21.6%)

BNP PARIBAS ARBITRAGE, SA

Value ($000) $8 (-22.4%) Shares 1,280 (-19.6%)

Institution	Prev Shares	Curr Shares	Change
Shaker Financial Services, LLC	693,377	495,009	-198,368 (-28.6%)
GraniteShares Advisors LLC	465,583	438,079	-27,504 (-5.9%)
READYSTATE ASSET MANAGEMENT LP	92,491	47,095	-45,396 (-49.1%)
CREATIVE FINANCIAL DESIGNS INC /ADV	138,003	112,391	-25,612 (-18.6%)
GUGGENHEIM CAPITAL LLC	828,893	810,863	-18,030 (-2.2%)
Invesco Ltd.	769,091	725,510	-43,581 (-5.7%)
BROWN ADVISORY INC	53,947	23,199	-30,748 (-57.0%)
NewEdge Advisors, LLC	113,429	96,729	-16,700 (-14.7%)
Moors & Cabot, Inc.	21,500	18,000	-3,500 (-16.3%)
Koshinski Asset Management, Inc.	77,892	75,825	-2,067 (-2.7%)
BANK OF AMERICA CORP /DE/	186,485	182,999	-3,486 (-1.9%)
Mariner, LLC	16,411	13,197	-3,214 (-19.6%)
MML INVESTORS SERVICES, LLC	13,568	12,575	-993 (-7.3%)
BARRETT & COMPANY, INC.	14,734	14,367	-367 (-2.5%)
Sowell Financial Services LLC	23,673	23,023	-650 (-2.7%)
SeaCrest Wealth Management, LLC	34,143	33,707	-436 (-1.3%)
COMERICA BANK	1,819	1,427	-392 (-21.6%)
BNP PARIBAS ARBITRAGE, SA	1,593	1,280	-313 (-19.6%)

Exited Positions (9)

Financial Partners Group, Inc

Value ($000) $650 Shares 102,023

Wall Capital Group, Inc.

Value ($000) $70 Shares 11,176

Gridiron Partners, LLC

Value ($000) $48 Shares 88,981

Mach-1 Financial Group, LLC

Value ($000) $100 Shares 15,720

Uniting Wealth Partners, LLC

Value ($000) $64 Shares 10,000

PRINCIPAL SECURITIES, INC.

Value ($000) $77 Shares 12,031

MILLENNIUM MANAGEMENT LLC

Value ($000) $147 Shares 23,000

CIBC Private Wealth Group, LLC

Value ($000) $32 Shares 5,016

COMMONWEALTH EQUITY SERVICES, LLC

Value ($000) $0 Shares 10,507

Institution	Prev Shares	Prev Value ($000)
Financial Partners Group, Inc	102,023	$650
Wall Capital Group, Inc.	11,176	$70
Gridiron Partners, LLC	88,981	$48
Mach-1 Financial Group, LLC	15,720	$100
Uniting Wealth Partners, LLC	10,000	$64
PRINCIPAL SECURITIES, INC.	12,031	$77
MILLENNIUM MANAGEMENT LLC	23,000	$147
CIBC Private Wealth Group, LLC	5,016	$32
COMMONWEALTH EQUITY SERVICES, LLC	10,507	$0