NPORT-P
    false
    
      
      
        
          0001124459
          XXXXXXXX
        
      
      
      
      
        S000012347
        C000033574
      
      
      
    
  
  
    
      Franklin Global Trust
      811-10157
      0001124459
      549300QA68NBC3L2Z719
      One Franklin Parkway
      San Mateo
      
      94403-1906
      650-312-2000
      Franklin Emerging Market Debt Opportunities Fund
      S000012347
      XGXXG3CR7RLU46NINB35
      2021-07-31
      2021-04-30
      N
    
    
      100523523.37
      293908.32
      100229615.05
      0.00000000
      1517285.16
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      219271.29000000
      
        
          ARS
          
          
        
        
          BYR
          
          
        
        
          CHF
          
          
        
        
          DOP
          
          
        
        
          EGP
          
          
        
        
          EUR
          
          
        
        
          GEL
          
          
        
        
          GHS
          
          
        
        
          IDR
          
          
        
        
          JPY
          
          
        
        
          KZT
          
          
        
        
          MXN
          
          
        
        
          RUB
          
          
        
        
          TRY
          
          
        
        
          USD
          
          
        
        
          UYU
          
          
        
        
          ZAR
          
          
        
      
      
      
      N
      
        
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Oriental Republic of Uruguay
        549300RDR012H2V82H43
        Oriental Republic of Uruguay
        760942AV4
        
          
          
        
        129594188.86500000
        PA
        
        3323569.11000000
        3.315955177860
        Long
        DBT
        NUSS
        UY
        N
        
        2
        
          2037-06-26
          Fixed
          3.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Alfa Bank AO
        54930015QM0G7XTNYR27
        Alfa Bank AO Via Alfa Bond Issuance plc
        01538RAF6
        
          
          
        
        1100000.00000000
        PA
        USD
        1136047.00000000
        1.133444440980
        Long
        DBT
        CORP
        IE
        
        N
        
        2
        
          2030-04-15
          Variable
          5.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Argentine Republic (The)
        549300KPBYGYF7HCHO27
        Argentine Republic
        040114HX1
        
          
          
        
        150490.00000000
        PA
        USD
        57338.19000000
        0.057206834498
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2029-07-09
          Fixed
          1.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Honduras
        5493002DW1JNBNG17615
        Republic of Honduras
        438180AJ0
        
          
          
        
        1000000.00000000
        PA
        USD
        1055000.00000000
        1.052583110763
        Long
        DBT
        NUSS
        HN
        N
        
        2
        
          2030-06-24
          Fixed
          5.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Provincia del Chubut Argentina
        529900V5CYYSD8ADKQ03
        Bono Gar Prov Del Chubut
        17127LAA3
        
          
          
        
        5405499.81000000
        PA
        USD
        3837904.87000000
        3.829112651071
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2030-07-26
          Variable
          7.23999960
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Arab Republic of Egypt
        03846JX54
        
          
          
        
        900000.00000000
        PA
        USD
        958522.50000000
        0.956326630130
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2032-05-29
          Fixed
          7.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Argentine Republic (The)
        549300KPBYGYF7HCHO27
        Argentine Republic
        040114HT0
        
          
          
        
        2509979.00000000
        PA
        USD
        795688.44000000
        0.793865605093
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2035-07-09
          Variable
          0.12499920
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Argentine Republic (The)
        549300KPBYGYF7HCHO27
        Argentine Republic
        040114HS2
        
          
          
        
        1370020.00000000
        PA
        USD
        498687.28000000
        0.497544842161
        Long
        DBT
        NUSS
        AR
        N
        
        2
        
          2030-07-09
          Variable
          0.12499920
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Frigorifico Concepcion SA
        529900Q6VZVL47QJCQ91
        Frigorifico Concepcion SA
        358649AA9
        
          
          
        
        1000000.00000000
        PA
        USD
        1027500.00000000
        1.025146110246
        Long
        DBT
        CORP
        PY
        N
        
        2
        
          2025-01-29
          Fixed
          10.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Banque Centrale de Tunisie International Bond
        254900B5LFB16S9T2T11
        Banque Centrale de Tunisie
        N/A
        
          
          
        
        270000000.00000000
        PA
        
        1610221.77000000
        1.606532928612
        Long
        DBT
        NUSS
        TN
        N
        
        2
        
          2031-03-17
          Fixed
          4.20000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Gabonese Republic
        N/A
        Gabonese Republic
        362420AC5
        
          
          
        
        1400000.00000000
        PA
        USD
        1494263.40000000
        1.490840206514
        Long
        DBT
        NUSS
        GA
        N
        
        2
        
          2025-06-16
          Fixed
          6.95000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Federal Democratic Republic of Ethiopia
        N/A
        Federal Democratic Republic of Ethiopia
        29766LAA4
        
          
          
        
        1900000.00000000
        PA
        USD
        1827775.30000000
        1.823588067347
        Long
        DBT
        NUSS
        ET
        N
        
        2
        
          2024-12-11
          Fixed
          6.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Suriname Government International Bond
        254900SYU4G5JM13TN77
        Republic of Suriname
        86886PAB8
        
          
          
        
        1400000.00000000
        PA
        USD
        994000.00000000
        0.991722855070
        Long
        DBT
        NUSS
        SR
        N
        
        2
        
          2023-12-30
          Fixed
          12.87500000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Belarus
        253400D4JRB0M70A0687
        Development Bank of the Republic of Belarus JSC
        25161EAB7
        
          
          
        
        8900000.00000000
        PA
        
        3549692.29000000
        3.541560334467
        Long
        DBT
        NUSS
        BY
        N
        
        2
        
          2022-05-15
          Fixed
          12.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Benin Government International Bond
        635400Q11P6AE5A5Y230
        Benin Government Bond
        N/A
        
          
          
        
        800000.00000000
        PA
        
        966197.11000000
        0.963983658440
        Long
        DBT
        NUSS
        BJ
        N
        
        2
        
          2032-01-19
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Foreign Currency Contract
        N/A
        
          
        
        1.00000000
        NC
        N/A
        6571.68000000
        0.006556625002
        N/A
        DFE
        
        N/A
        N
        
        2
        
          
            
              Citibank
              MBNUM2BPBDO7JBLYG310
            
            376096.47000000
            USD
            318000.00000000
            EUR
            2021-06-15
            6571.68000000
          
        
        
          N
          N
          N
        
      
      
        Georgia Capital JSC
        635400VNH3KVFQNWDH25
        Georgia Capital JSC
        373143AA4
        
          
          
        
        1000000.00000000
        PA
        USD
        1015200.00000000
        1.012874288196
        Long
        DBT
        CORP
        GE
        N
        
        2
        
          2024-03-09
          Fixed
          6.12500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        K2016470260 South Africa Ltd.
        3789003E1C22310B3356
        K2016470260 South Africa Ltd.
        N/A
        
          
          
        
        1498286.17300000
        PA
        USD
        0.00000000
        0.000000
        Long
        DBT
        CORP
        ZA
        N
        
        3
        
          2022-12-31
          Fixed
          25.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Sphynx Capital Markets PCC
        N/A
        Sphynx Capital Markets PCC
        N/A
        
          
          
        
        8000000.00000000
        PA
        USD
        0.00000000
        0.000000
        Long
        SN
        CORP
        MU
        Y
        
        3
        
          2009-02-05
          Fixed
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Ghana
        213800PP4399SNNXZ126
        Republic of Ghana
        N/A
        
          
          
        
        11000000.00000000
        PA
        
        1938676.03000000
        1.934234735943
        Long
        DBT
        NUSS
        GH
        N
        
        2
        
          2022-07-25
          Fixed
          18.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Russian Federation
        5493004EHVGF71PDBU58
        Russian Federation
        N/A
        
          
          
        
        6927000.00000000
        PA
        
        96663.10000000
        0.096441655444
        Long
        DBT
        NUSS
        RU
        N
        
        2
        
          2030-04-10
          Fixed
          7.64999850
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Tullow Oil plc
        2138003EYHWO75RKS857
        Tullow Oil plc
        899415AE3
        
          
          
        
        1402000.00000000
        PA
        USD
        1224997.50000000
        1.222191165145
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2025-03-01
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United Mexican States
        254900EGTWEU67VP6075
        United Mexican States
        91087BAE0
        
          
          
        
        1500000.00000000
        PA
        USD
        1627612.50000000
        1.623883818358
        Long
        DBT
        NUSS
        MX
        N
        
        2
        
          2028-01-11
          Fixed
          3.75000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Asian Infrastructure Investment Bank (The)
        25490065OSV2524LCR32
        Asian Infrastructure Investment Bank (The)
        N/A
        
          
          
        
        14500000.00000000
        PA
        
        1716331.18000000
        1.712399253597
        Long
        DBT
        NUSS
        TR
        
        N
        
        2
        
          2021-09-14
          Fixed
          16.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Telecommunications Services of Trinidad & Tobago Ltd.
        5299007N4G3EZWXAMB76
        Telecommunications Services of Trinidad & Tobago Ltd.
        87929TAA9
        
          
          
        
        970000.00000000
        PA
        USD
        1020153.85000000
        1.017816789469
        Long
        DBT
        CORP
        TT
        N
        
        2
        
          2029-10-18
          Fixed
          8.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Gabonese Republic
        N/A
        Gabonese Republic
        362420AD3
        
          
          
        
        300000.00000000
        PA
        USD
        302644.20000000
        0.301950875346
        Long
        DBT
        NUSS
        GA
        N
        
        2
        
          2031-02-06
          Fixed
          6.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Petra Diamonds US Treasury plc
        635400LZYOO6WHAO2H58
        Petra Diamonds US Treasury plc
        N/A
        
          
          
        
        1000000.00000000
        PA
        USD
        980000.00000000
        0.977754927534
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2026-03-08
          Fixed
          10.50000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        Astana Finance Leasing Co. JSC
        N/A
        Astana Finance Leasing Co. JSC
        N/A
        
          
        
        136566.00000000
        PA
        USD
        1365.66000000
        0.001362531422
        Long
        DBT
        CORP
        KZ
        Y
        
        3
        
          2024-12-22
          Fixed
          0.00000100
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Arab Republic of Egypt Treasury Bills
        N/A
        
          
          
        
        12700000.00000000
        PA
        
        779153.76000000
        0.777368804231
        Long
        STIV
        NUSS
        EG
        N
        
        2
        
          2021-08-31
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Medco Oak Tree Pte. Ltd.
        254900AU06KP3JTGZL51
        Medco Oak Tree Pte. Ltd.
        58405FAA3
        
          
          
        
        770000.00000000
        PA
        USD
        838453.00000000
        0.836532196179
        Long
        DBT
        CORP
        SG
        
        N
        
        2
        
          2026-05-14
          Fixed
          7.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Kazakhstan
        5493007OEK8EF02UO833
        Republic of Kazakhstan
        N/A
        
          
          
        
        503900000.00000000
        PA
        
        1099056.69000000
        1.096538871721
        Long
        STIV
        NUSS
        KZ
        N
        
        2
        
          2022-01-20
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Indonesia
        529900FWX0GRR7WG5W79
        Republic of Indonesia
        N/A
        
          
          
        
        850000.00000000
        PA
        USD
        960398.00000000
        0.958197833565
        Long
        DBT
        NUSS
        ID
        N
        
        2
        
          2027-01-08
          Fixed
          4.35000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        K2016470219 South Africa Ltd.
        378900DECAC8CFA88345
        K2016470219 South Africa Ltd., Class A
        N/A
        
          
        
        55882058.00000000
        NS
        
        0.00000000
        0.000000
        Long
        EC
        CORP
        ZA
        Y
        
        3
        
          N
          N
          N
        
      
      
        Republic of El Salvador
        529900AKDMUSFSDOM949
        Republic of El Salvador
        N/A
        
          
          
        
        2050000.00000000
        PA
        USD
        2155370.00000000
        2.150432283836
        Long
        DBT
        NUSS
        SV
        N
        
        2
        
          2035-06-15
          Fixed
          7.65000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Islamic Republic of Pakistan
        529900LOP29R5WKHOD86
        Pakistan Government Bond
        695847AT0
        
          
          
        
        500000.00000000
        PA
        USD
        526250.00000000
        0.525044418994
        Long
        DBT
        NUSS
        PK
        N
        
        2
        
          2031-04-08
          Fixed
          7.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Turkey
        5493000PCHOG3B6S3Q85
        Republic of Turkey
        900123CB4
        
          
          
        
        1300000.00000000
        PA
        USD
        1005927.00000000
        1.003622531622
        Long
        DBT
        NUSS
        TR
        N
        
        2
        
          2043-04-16
          Fixed
          4.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Uzbekistan Bond
        213800L6VDKUM3TCM927
        Republic of Uzbekistan
        91822Q2D8
        
          
          
        
        6200000000.00000000
        PA
        
        596091.85000000
        0.594726268980
        Long
        DBT
        NUSS
        UZ
        N
        
        2
        
          2023-11-25
          Fixed
          14.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Inter-American Development Bank
        VKU1UKDS9E7LYLMACP54
        Inter-American Development Bank
        N/A
        
          
          
        
        25000000000.00000000
        PA
        
        1819989.62000000
        1.815820223485
        Long
        DBT
        NUSS
        ID
        
        N
        
        2
        
          2023-03-14
          Fixed
          7.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dominican Republic
        N/A
        Dominican Republic Government Bond
        25714PEB0
        
          
          
        
        700000.00000000
        PA
        USD
        765275.00000000
        0.763521838947
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2049-06-05
          Fixed
          6.40000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Bolivarian Republic of Venezuela
        529900XM8PJTJK5OJI77
        Bolivarian Republic of Venezuela
        N/A
        
          
        
        925920.00000000
        NS
        USD
        1128096.48000000
        1.125512134749
        Long
        
        CORP
        VE
        N
        
        3
        
          N
          N
          N
        
      
      
        Russian Federation
        5493004EHVGF71PDBU58
        Russian Federation
        N/A
        
          
          
        
        128116800.00000000
        PA
        
        1679273.22000000
        1.675426189317
        Long
        DBT
        NUSS
        RU
        N
        
        2
        
          2030-07-17
          Fixed
          2.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        K2016470219 South Africa Ltd.
        378900DECAC8CFA88345
        K2016470219 South Africa Ltd.
        N/A
        
          
          
        
        4631313.40200000
        PA
        USD
        0.00000000
        0.000000
        Long
        DBT
        CORP
        ZA
        N
        
        3
        
          2022-12-31
          Fixed
          3.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        K2016470219 South Africa Ltd.
        378900DECAC8CFA88345
        K2016470219 South Africa Ltd., Class B
        N/A
        
          
        
        5561052.00000000
        NS
        
        0.00000000
        0.000000
        Long
        EC
        CORP
        ZA
        Y
        
        3
        
          N
          N
          N
        
      
      
        Akbank T.A.S.
        789000TUMN63Z28TJ497
        Akbank T.A.S.
        00972BAC3
        
          
          
        
        1100000.00000000
        PA
        USD
        1094203.00000000
        1.091696300992
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2028-04-27
          Variable
          6.79700000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Pegasus Hava Tasimaciligi A/S
        789000B1MW5PQ58A8T03
        Pegasus Hava Tasimaciligi A/S
        705567AA3
        
          
          
        
        1000000.00000000
        PA
        USD
        1017500.00000000
        1.015169019149
        Long
        DBT
        CORP
        TR
        N
        
        2
        
          2026-04-30
          Fixed
          9.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Arab Republic of Egypt
        03846JAC4
        
          
          
        
        900000.00000000
        PA
        USD
        837787.50000000
        0.835868220766
        Long
        DBT
        NUSS
        EG
        N
        
        2
        
          2061-02-16
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Global Distressed Alpha Fund III LP
        N/A
        Global Distressed Alpha Fund III LP
        N/A
        
          
        
        4424861.20000000
        NS
        USD
        0.00000000
        0.000000
        Long
        
        
        BM
        
        Y
        
        3
        
          N
          N
          N
        
      
      
        Republic of Cameroon International Bond
        54930021BO6NHYGBBV24
        Republic of Cameroon
        133653AA3
        
          
          
        
        1200000.00000000
        PA
        USD
        1344588.00000000
        1.341507696432
        Long
        DBT
        NUSS
        CM
        N
        
        2
        
          2025-11-19
          Fixed
          9.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Southern Gas Corridor CJSC
        213800DG58KG59XY6318
        Southern Gas Corridor CJSC
        84302LAA0
        
          
          
        
        800000.00000000
        PA
        USD
        962504.00000000
        0.960299008950
        Long
        DBT
        NUSS
        AZ
        N
        
        2
        
          2026-03-24
          Fixed
          6.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Banque Centrale de Tunisie International Bond
        254900B5LFB16S9T2T11
        Banque Centrale de Tunisie
        N/A
        
          
          
        
        350000.00000000
        PA
        
        397962.43000000
        0.397050741740
        Long
        DBT
        NUSS
        TN
        N
        
        2
        
          2026-07-15
          Fixed
          6.37500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Cameroon International Bond
        54930021BO6NHYGBBV24
        Republic of Cameroon
        133653AA3
        
          
          
        
        250000.00000000
        PA
        USD
        280122.50000000
        0.279480770090
        Long
        DBT
        NUSS
        CM
        N
        
        2
        
          2025-11-19
          Fixed
          9.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Colombia
        549300MHDRBVRF6B9117
        Republic of Colombia
        195325DR3
        
          
          
        
        2200000.00000000
        PA
        USD
        2161005.00000000
        2.156054374669
        Long
        DBT
        NUSS
        CO
        N
        
        2
        
          2030-01-30
          Fixed
          3.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NK Debt Corp. (The)
        N/A
        NK Debt Corp. (The)
        N/A
        
          
        
        2172990.49510000
        PA
        
        0.00000000
        0.000000
        Long
        DBT
        CORP
        VG
        Y
        
        3
        
          2020-03-12
          Fixed
          0.00100000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        Jamaica
        529900Y93KNSXZI8KK56
        Jamaica Government Bond
        470160CB6
        
          
          
        
        850000.00000000
        PA
        USD
        1190000.00000000
        1.187273840577
        Long
        DBT
        NUSS
        JM
        N
        
        2
        
          2045-07-28
          Fixed
          7.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Angola
        549300QHR2R3J8JSGK83
        Republic of Angola
        035198AD2
        
          
          
        
        3000000.00000000
        PA
        USD
        3033594.00000000
        3.026644369018
        Long
        DBT
        NUSS
        AO
        N
        
        2
        
          2029-11-26
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Belarus
        635400CVCOWYLHF4ZB08
        Republic of Belarus
        07737JAB9
        
          
          
        
        1000000.00000000
        PA
        USD
        1023105.00000000
        1.020761178709
        Long
        DBT
        NUSS
        BY
        N
        
        2
        
          2023-02-28
          Fixed
          6.87500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ASTANA FINANCE JSC Brokerage Co.
        N/A
        ASTANA FINANCE JSC Brokerage Co.
        N/A
        
          
        
        193625.00000000
        NS
        USD
        0.00000000
        0.000000
        Long
        EC
        CORP
        KZ
        Y
        
        3
        
          N
          N
          N
        
      
      
        Citgo Holding, Inc.
        549300NYHOALWZ2BSL72
        Citgo Holding, Inc.
        17302WAB4
        
          
          
        
        1000000.00000000
        PA
        USD
        1031250.00000000
        1.028887519407
        Long
        DBT
        CORP
        US
        N
        
        2
        
          2024-08-01
          Fixed
          9.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Global Distressed Alpha Fund III LP
        N/A
        Global Distressed Alpha Fund III LP
        N/A
        
          
        
        710060.13000000
        PA
        USD
        316932.26000000
        0.316206202968
        Long
        DBT
        CORP
        BM
        
        Y
        
        3
        
          2049-02-20
          Fixed
          12.00000000
          N
          N
          Y
        
        
          N
          N
          N
        
      
      
        International Finance Corp.
        QKL54NQY28TCDAI75F60
        International Finance Corp.
        N/A
        
          
          
        
        3900000.00000000
        PA
        
        1122494.79000000
        1.119923277606
        Long
        DBT
        NUSS
        GE
        
        N
        
        2
        
          2021-10-29
          Fixed
          7.50000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        IHS Netherlands Holdco BV
        5493006Z6YQYCCN2XI74
        IHS Netherlands Holdco BV
        44963LAC0
        
          
          
        
        1000000.00000000
        PA
        USD
        1092500.00000000
        1.089997202378
        Long
        DBT
        CORP
        NL
        
        N
        
        2
        
          2027-09-18
          Fixed
          8.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Mozambique International Bond
        213800759WLKYIKPER73
        Republic of Mozambique
        N/A
        
          
          
        
        1400000.00000000
        PA
        USD
        1157058.00000000
        1.154407307084
        Long
        DBT
        NUSS
        MZ
        N
        
        2
        
          2031-09-15
          Variable
          5.00000040
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Arab Republic of Egypt
        529900GFIVH4086NMH82
        Arab Republic of Egypt Treasury Bills
        N/A
        
          
          
        
        14000000.00000000
        PA
        
        863235.83000000
        0.861258251435
        Long
        STIV
        NUSS
        EG
        N
        
        2
        
          2021-08-17
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Ukraine
        6354001WLTJXOMEXPY07
        Ukraine Government Bond
        N/A
        
          
          
        
        2000000.00000000
        PA
        USD
        2116810.00000000
        2.111960620565
        N/A
        DO
        NUSS
        UA
        N
        
        2
        
          
            
              N/A
              N/A
            
            2040-05-31
            
              
            
            XXXX
            1526810.00000000
          
        
        
          N
          N
          N
        
      
      
        Republic of Armenia
        5299000H77JSW90G7935
        Republic of Armenia
        042207AB6
        
          
          
        
        850000.00000000
        PA
        USD
        946565.10000000
        0.944396623221
        Long
        DBT
        NUSS
        AM
        N
        
        2
        
          2025-03-26
          Fixed
          7.15000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Banque Ouest Africaine de Developpement
        529900LIZJABE4JJS826
        Banque Ouest Africaine de Developpement
        06675QAC7
        
          
          
        
        750000.00000000
        PA
        USD
        801435.00000000
        0.799599000355
        Long
        DBT
        NUSS
        US
        
        N
        
        2
        
          2031-10-22
          Fixed
          4.70000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of South Africa
        378900AAFB4F17004C49
        Republic of South Africa
        N/A
        
          
          
        
        38600000.00000000
        PA
        
        2211197.69000000
        2.206132078724
        Long
        DBT
        NUSS
        ZA
        N
        
        2
        
          2031-02-28
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        NK Debt Corp. (The)
        N/A
        NK Debt Corp. (The)
        N/A
        
          
        
        9203253.86160000
        PA
        
        0.00000000
        0.000000
        Long
        DBT
        CORP
        VG
        Y
        
        3
        
          2020-03-12
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        Hashemite Kingdom of Jordan
        5493000JZ4MYPVMBVN50
        Hashemite Kingdom of Jordan
        418097AL5
        
          
          
        
        1400000.00000000
        PA
        USD
        1455679.40000000
        1.452344598224
        Long
        DBT
        NUSS
        JO
        N
        
        2
        
          2030-07-07
          Fixed
          5.85000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Foreign Currency Contract
        N/A
        
          
        
        1.00000000
        NC
        N/A
        -9337.64000000
        -0.00931624849
        N/A
        DFE
        
        N/A
        N
        
        2
        
          
            
              Citibank
              MBNUM2BPBDO7JBLYG310
            
            1428000.00000000
            EUR
            1709058.96000000
            USD
            2021-06-15
            -9337.64000000
          
        
        
          N
          N
          N
        
      
      
        Grenada
        N/A
        Grenada Government Bond
        38373UAE2
        
          
          
        
        5356390.33000000
        PA
        USD
        4097638.60000000
        4.088251359596
        Long
        DBT
        NUSS
        GD
        N
        
        2
        
          2030-05-12
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Iraq
        N/A
        Republic of Iraq
        N/A
        
          
          
        
        3928750.00000000
        PA
        USD
        3801262.06000000
        3.792553785728
        Long
        DBT
        NUSS
        IQ
        N
        
        2
        
          2028-01-15
          Fixed
          5.80000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Institutional Fiduciary Trust - Money Market Portfolio
        549300M4TP89K77LG374
        Institutional Fiduciary Trust - Money Market Portfolio
        457756500
        
          
          
        
        7766495.59100000
        NS
        USD
        7766495.50000000
        7.748703311018
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        State Savings Bank of Ukraine
        213800X3YF17XQS13O34
        State Savings Bank of Ukraine
        N/A
        
          
          
        
        1000000.00000000
        PA
        USD
        1065000.00000000
        1.062560201861
        Long
        DBT
        CORP
        GB
        
        N
        
        2
        
          2025-03-20
          Variable
          9.62500000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Indika Energy Capital IV Pte. Ltd.
        254900LQ197HY24XVH34
        Indika Energy Capital IV Pte. Ltd.
        45569GAA0
        
          
          
        
        1050000.00000000
        PA
        USD
        1122712.50000000
        1.120140488856
        Long
        DBT
        CORP
        SG
        
        N
        
        2
        
          2025-10-22
          Fixed
          8.25000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Dominican Republic
        N/A
        Dominican Republic Government Bond
        25714PDX3
        
          
          
        
        105000000.00000000
        PA
        
        1929929.58000000
        1.925508323101
        Long
        DBT
        NUSS
        DO
        N
        
        2
        
          2023-02-15
          Fixed
          8.90000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Suriname Government International Bond
        254900SYU4G5JM13TN77
        Republic of Suriname
        86886PAA0
        
          
          
        
        2750000.00000000
        PA
        USD
        1966250.00000000
        1.961745537004
        Long
        DBT
        NUSS
        SR
        N
        
        2
        
          2026-10-26
          Fixed
          9.25000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        NK Debt Corp. (The)
        N/A
        NK Debt Corp. (The)
        N/A
        
          
        
        2000000.00000000
        PA
        
        0.00000000
        0.000000
        Long
        DBT
        CORP
        VG
        Y
        
        3
        
          2020-03-12
          None
          0.00000000
          Y
          N
          N
        
        
          N
          N
          N
        
      
      
        N/A
        N/A
        Forward Foreign Currency Contract
        N/A
        
          
        
        1.00000000
        NC
        N/A
        17366.75000000
        0.017326964681
        N/A
        DFE
        
        N/A
        N
        
        2
        
          
            
              Royal Bank of Canada
              ES7IP3U3RHIGC71XBU11
            
            180000000.00000000
            JPY
            1665006.29000000
            USD
            2021-06-15
            17366.75000000
          
        
        
          N
          N
          N
        
      
      
        Grenada
        N/A
        Grenada Government Bond
        N/A
        
          
          
        
        1160689.09200000
        PA
        USD
        887927.16000000
        0.885893016307
        Long
        DBT
        NUSS
        GD
        N
        
        2
        
          2030-05-12
          Fixed
          7.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United Mexican States
        254900EGTWEU67VP6075
        Mex Bonos Desarr Fix Rt
        N/A
        
          
          
        
        68160000.00000000
        PA
        
        3412651.38000000
        3.404833370154
        Long
        DBT
        NUSS
        MX
        N
        
        2
        
          2047-11-07
          Fixed
          7.99999920
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Republic of Costa Rica
        549300S1EK2VN6XVJP58
        Republic of Costa Rica
        221597BV8
        
          
          
        
        400000.00000000
        PA
        USD
        415000.00000000
        0.414049280537
        Long
        DBT
        NUSS
        CR
        N
        
        2
        
          2045-03-12
          Fixed
          7.15800000
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      
      
    
    
      2021-06-01
      Franklin Global Trust
      Robert Kubilis
      Robert Kubilis
      Chief Financial Officer, Chief Accounting Officer and Treasurer
    
  
  XXXX




Not
FDIC
Insured
May
Lose
Value
No
Bank
Guarantee
FGT-Q3PH
1
Statements
of
Investments
(unaudited)
Franklin
Emerging
Market
Debt
Opportunities
Fund
2
Franklin
International
Growth
Fund
7
Franklin
International
Small
Cap
Fund
9
Notes
to
Financial
Statements
12
Franklin
Global
Trust
Consolidated
Statement
of
Investments
(unaudited),
April
30,
2021
Franklin
Emerging
Market
Debt
Opportunities
Fund
Quaterly
Statement
of
Investments
See
Notes
to
Statements
of
Investments.
2
0
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
0.0%
Diversified
Financial
Services
0.0%
a,b,c
Astana
Finance
JSC,
GDR,
144A
.........................
Kazakhstan
193,625
$
Multiline
Retail
0.0%
a,b,c
K2016470219
South
Africa
Ltd.,
A
.........................
South
Africa
55,882,058
a,b,c
K2016470219
South
Africa
Ltd.,
B
.........................
South
Africa
5,561,052
Total
Common
Stocks
(Cost
$433,378)
.........................................
Warrants
Warrants
3.3%
Diversified
Financial
Services
3.3%
b,d,e
Ukraine
Government,
VRI,
GDP
Linked
Security,
Senior
Bond,
Reg
S,
5/31/40
.........................................
Ukraine
2,000,000
2,116,810
a,b,f
Venezuela
Government,
Oil
Value
Recovery,
4/15/20
...........
Venezuela
925,920
1,128,097
3,244,907
Total
Warrants
(Cost
$18,386,506)
.............................................
3,244,907
Units
Private
Limited
Partnership
Funds
0.0%
Capital
Markets
0.0%
a,b,c,f,g
Global
Distressed
Alpha
Fund
III
LP
.......................
United
States
4,424,861
Total
Private
Limited
Partnership
Funds
(Cost
$4,600,000)
.......................
Principal
Amount
*
Quasi-Sovereign
Bonds
9.4%
Banks
3.6%
d
Development
Bank
of
the
Republic
of
Belarus
JSC
,
Senior
Note
,
144A,
12
%
,
5/15/22
..................................
Belarus
8,900,000
BYN
3,549,692
Diversified
Financial
Services
0.0%
a,c
Astana
Finance
JSC
,
Secured
Note
,
144A,
Zero
Cpn
.,
12/22/24
..
Kazakhstan
136,566
1,366
a,c,h,i
Sphynx
Capital
Markets
PCC
(National
Investment
Bank
of
Ghana)
,
PTN
,
Secured
Note
,
Reg
S,
Zero
Cpn
.,
2/05/09
.............
Ghana
8,000,000
1,366
Municipal
Bonds
3.8%
d
Provincia
del
Chubut
Argentina
,
144A,
7.75
%
,
7/26/26
..........
Argentina
5,405,500
3,837,905
Oil,
Gas
&
Consumable
Fuels
1.0%
d
Citgo
Holding,
Inc.
,
Senior
Secured
Note
,
144A,
9.25
%
,
8/01/24
..
Venezuela
1,000,000
1,031,250
Wireless
Telecommunication
Services
1.0%
d
Telecommunications
Services
of
Trinidad
&
Tobago
Ltd.
,
Senior
Secured
Note
,
144A,
8.875
%
,
10/18/29
...................
Trinidad
and
Tobago
970,000
1,020,154
Total
Quasi-Sovereign
Bonds
(Cost
$13,836,322)
................................
9,440,367
Corporate
Bonds
9.4%
Airlines
1.0%
d
Pegasus
Hava
Tasimaciligi
A/S
,
Senior
Note
,
144A,
9.25
%
,
4/30/26
Turkey
1,000,000
1,017,500
Banks
1.1%
d
Akbank
TAS
,
Sub.
Bond
,
144A,
6.797%
to
4/27/23,
FRN
thereafter
,
4/27/28
...........................................
Turkey
1,100,000
1,094,203
Franklin
Global
Trust
Consolidated
Statement
of
Investments
(unaudited)
Franklin
Emerging
Market
Debt
Opportunities
Fund
(continued)
See
Notes
to
Statements
of
Investments.
Quaterly
Statement
of
Investments
3
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
a
Corporate
Bonds
(continued)
Capital
Markets
1.0%
d
Georgia
Capital
JSC
,
Senior
Note
,
144A,
6.125
%
,
3/09/24
.......
Georgia
1,000,000
$
1,015,200
Construction
&
Engineering
1.1%
d
IHS
Netherlands
Holdco
BV
,
Senior
Note
,
144A,
8
%
,
9/18/27
.....
Nigeria
1,000,000
1,092,500
Food
Products
1.0%
d
Frigorifico
Concepcion
SA
,
Senior
Secured
Note
,
144A,
10.25
%
,
1/29/25
...........................................
Paraguay
1,000,000
1,027,500
Metals
&
Mining
1.0%
d,j
Petra
Diamonds
US
Treasury
plc
,
Senior
Secured
Note
,
144A,
PIK,
10.5
%
,
3/08/26
.....................................
South
Africa
1,000,000
964,541
Multiline
Retail
0.0%
a,d,j
K2016470219
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
3
%
,
12/31/22
.......................................
South
Africa
4,631,313
a,d,j
K2016470260
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
25
%
,
12/31/22
......................................
South
Africa
1,498,286
Oil,
Gas
&
Consumable
Fuels
3.2%
d
Indika
Energy
Capital
IV
Pte.
Ltd.
,
Senior
Secured
Note
,
144A,
8.25
%
,
10/22/25
.....................................
Indonesia
1,050,000
1,122,713
d
Medco
Oak
Tree
Pte.
Ltd.
,
Senior
Secured
Note
,
144A,
7.375
%
,
5/14/26
...........................................
Indonesia
770,000
838,453
d
Tullow
Oil
plc
,
Senior
Note
,
144A,
7
%
,
3/01/25
...............
Ghana
1,402,000
1,224,997
3,186,163
Total
Corporate
Bonds
(Cost
$14,936,466)
......................................
9,397,607
Loan
Participations
and
Assignments
2.5%
d
Alfa
Bank
AO
Via
Alfa
Bond
Issuance
plc,
Sub.
Bond,
144A,
5.95%
to
4/15/25,
FRN
thereafter,
4/15/30
.......................
Russia
1,100,000
1,136,047
a,c,f,j,k
Global
Distressed
Alpha
Fund
III
LP,
PIK,
12%,
Perpetual
.......
United
States
743,865
332,021
a,c,h
NK
Debt
Corp.
(The)
,
144A,
Zero
Cpn
.,
3/12/20
..............................
North
Korea
4,250,000
DEM
Reg
S,
Zero
Cpn
.,
3/12/20
.............................
North
Korea
2,000,000
CHF
Reg
S,
Zero
Cpn
.,
3/12/20
.............................
North
Korea
18,000,000
DEM
d
State
Savings
Bank
of
Ukraine
Via
SSB
#1
plc,
Senior
Note,
144A,
9.625%,
3/20/25
.....................................
Ukraine
1,000,000
1,065,000
Total
Loan
Participations
and
Assignments
(Cost
$5,978,914)
....................
2,533,068
Foreign
Government
and
Agency
Securities
64.0%
d
Angola
Government
Bond,
Senior
Bond,
144A,
8%,
11/26/29
.....
Angola
3,000,000
3,033,594
Argentina
Government
Bond
,
Senior
Note,
1%,
7/09/29
..............................
Argentina
150,490
57,338
Senior
Note,
0.125%,
7/09/30
...........................
Argentina
1,370,020
498,687
Senior
Bond,
0.125%,
7/09/35
..........................
Argentina
2,509,979
795,689
d
Armenia
Government
Bond,
Senior
Bond,
144A,
7.15%,
3/26/25
..
Armenia
850,000
946,565
d
Asian
Infrastructure
Investment
Bank
(The),
Senior
Note,
Reg
S,
16%,
9/14/21
.......................................
Supranational
l
14,500,000
TRY
1,716,331
Banque
Centrale
de
Tunisie
International
Bond
,
d
Senior
Note,
Reg
S,
6.375%,
7/15/26
.....................
Tunisia
350,000
EUR
397,962
Senior
Bond,
4.2%,
3/17/31
............................
Tunisia
270,000,000
JPY
1,610,222
d
Banque
Ouest
Africaine
de
Developpement
,
Senior
Bond,
144A,
4.7%,
10/22/31
.....................................
Supranational
l
750,000
801,435
d
Belarus
Government
Bond,
Senior
Note,
144A,
6.875%,
2/28/23
..
Belarus
1,000,000
1,023,105
d
Benin
Government
Bond,
Senior
Bond,
144A,
4.875%,
1/19/32
...
Benin
800,000
EUR
966,197
Franklin
Global
Trust
Consolidated
Statement
of
Investments
(unaudited)
Franklin
Emerging
Market
Debt
Opportunities
Fund
(continued)
Quaterly
Statement
of
Investments
See
Notes
to
Statements
of
Investments.
4
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
d
Cameroon
Government
Bond
,
Senior
Bond,
144A,
9.5%,
11/19/25
......................
Cameroon
250,000
$
280,122
Senior
Bond,
144A,
9.5%,
11/19/25
......................
Cameroon
1,200,000
1,344,588
Colombia
Government
Bond,
Senior
Bond,
3%,
1/30/30
........
Colombia
2,200,000
2,161,005
d
Costa
Rica
Government
Bond,
Senior
Bond,
144A,
7.158%,
3/12/45
Costa
Rica
400,000
415,000
d
Dominican
Republic
Government
Bond
,
Senior
Note,
144A,
8.9%,
2/15/23
.......................
Dominican
Republic
105,000,000
DOP
1,929,930
Senior
Bond,
144A,
6.4%,
6/05/49
.......................
Dominican
Republic
700,000
765,275
d
Egypt
Government
Bond
,
Senior
Bond,
144A,
7.625%,
5/29/32
.....................
Egypt
900,000
958,522
Senior
Bond,
144A,
7.5%,
2/16/61
.......................
Egypt
900,000
837,788
d
El
Salvador
Government
Bond,
Senior
Bond,
Reg
S,
7.65%,
6/15/35
El
Salvador
2,050,000
2,155,370
d
Ethiopia
Government
Bond,
Senior
Bond,
144A,
6.625%,
12/11/24
Ethiopia
1,900,000
1,827,775
d
Gabon
Government
Bond
,
Senior
Bond,
144A,
6.95%,
6/16/25
......................
Gabon
1,400,000
1,494,264
Senior
Bond,
144A,
6.625%,
2/06/31
.....................
Gabon
300,000
302,644
Ghana
Government
Bond,
18.25%,
7/25/22
..................
Ghana
11,000,000
GHS
1,938,676
d
Grenada
Government
Bond
,
144A,
7%,
5/12/30
...................................
Grenada
5,356,390
4,097,639
Reg
S,
7%,
5/12/30
..................................
Grenada
1,160,689
887,927
d
Honduras
Government
Bond,
Senior
Bond,
144A,
5.625%,
6/24/30
Honduras
1,000,000
1,055,000
d
Indonesia
Government
Bond,
Senior
Bond,
Reg
S,
4.35%,
1/08/27
Indonesia
850,000
960,398
Inter-American
Development
Bank,
GDP
Linked
Security,
Senior
Note,
7.875%,
3/14/23
................................
Supranational
l
25,000,000,000
IDR
1,819,990
International
Finance
Corp.,
7.5%,
10/29/21
.................
Supranational
l
3,900,000
GEL
1,122,495
d
Iraq
Government
Bond,
Reg
S,
5.8%,
1/15/28
................
Iraq
3,928,750
3,801,262
Jamaica
Government
Bond,
Senior
Bond,
7.875%,
7/28/45
......
Jamaica
850,000
1,190,000
d
Jordan
Government
Bond,
Senior
Bond,
144A,
5.85%,
7/07/30
...
Jordan
1,400,000
1,455,679
Mexico
Government
Bond
,
Senior
Bond,
3.75%,
1/11/28
...........................
Mexico
1,500,000
1,627,613
M,
8%,
11/07/47
.....................................
Mexico
68,160,000
MXN
3,412,651
d
Mozambique
Government
Bond,
144A,
5%
to
9/15/23,
9%
thereafter,
9/15/31
...........................................
Mozambique
1,400,000
1,157,058
d
Pakistan
Government
Bond,
Senior
Bond,
144A,
7.375%,
4/08/31
.
Pakistan
500,000
526,250
Russia
Government
Bond
,
7.65%,
4/10/30
.....................................
Russia
6,927,000
RUB
96,663
m
Index
Linked,
2.5%,
7/17/30
............................
Russia
128,116,800
RUB
1,679,273
South
Africa
Government
Bond,
Senior
Bond,
7%,
2/28/31
......
South
Africa
38,600,000
ZAR
2,211,198
d
Southern
Gas
Corridor
CJSC,
Senior
Bond,
144A,
6.875%,
3/24/26
Azerbaijan
800,000
962,504
d,h
Suriname
Government
Bond
,
Senior
Bond,
144A,
9.25%,
10/26/26
.....................
Suriname
2,750,000
1,966,250
n
144A,
FRN,
12.875%,
12/30/23
.........................
Suriname
1,400,000
994,000
Turkey
Government
Bond,
Senior
Bond,
4.875%,
4/16/43
.......
Turkey
1,300,000
1,005,927
m
Uruguay
Government
Bond,
Index
Linked,
Senior
Bond,
3.7%,
6/26/37
...........................................
Uruguay
129,594,189
UYU
3,323,569
d
Uzbekistan
Government
Bond,
Senior
Note,
144A,
14.5%,
11/25/23
Uzbekistan
6,200,000,000
UZS
596,092
Total
Foreign
Government
and
Agency
Securities
(Cost
$68,873,842)
..............
64,207,522
Total
Long
Term
Investments
(Cost
$127,045,428)
...............................
88,823,471
a
Franklin
Global
Trust
Consolidated
Statement
of
Investments
(unaudited)
Franklin
Emerging
Market
Debt
Opportunities
Fund
(continued)
See
Notes
to
Statements
of
Investments.
Quaterly
Statement
of
Investments
5
Short
Term
Investments
9.5%
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
2.8%
o
Egypt
Treasury
Bills
,
8/17/21
...........................................
Egypt
14,000,000
EGP
$
863,236
8/31/21
...........................................
Egypt
12,700,000
EGP
779,154
1,642,390
o
Kazakhstan
Treasury
Bills,
1/20/22
........................
Kazakhstan
503,900,000
KZT
1,099,057
Total
Foreign
Government
and
Agency
Securities
(Cost
$2,755,612)
...............
2,741,447
Shares
a
Money
Market
Funds
6.7%
p,q
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0.01%
.....
United
States
6,761,221
6,761,221
Total
Money
Market
Funds
(Cost
$6,761,221)
...................................
6,761,221
Total
Short
Term
Investments
(Cost
$9,516,833
)
.................................
9,502,668
a
Total
Investments
(Cost
$136,562,261)
98.1%
...................................
$98,326,139
Other
Assets,
less
Liabilities
1.9%
.............................................
1,967,537
Net
Assets
100.0%
...........................................................
$100,293,676
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
Rounds
to
less
than
0.1%
of
net
assets.
a
Fair
valued
using
significant
unobservable
inputs.
See
Note
9
regarding
fair
value
measurements.
b
Non-income
producing.
c
See
Note
6
regarding
restricted
securities.
d
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
April
30,
2021,
the
aggregate
value
of
these
securities
was
$62,810,991,
representing
62.6%
of
net
assets.
e
The
principal
represents
the
notional
amount.
See
Note
3
regarding
value
recovery
instruments.
f
The
security
is
owned
by
Alternative
Strategies
(FT)
Ltd.,
a
wholly-owned
subsidiary
of
the
Fund.
See
Note
8.
g
The
Global
Distressed
Alpha
Fund
III
LP
is
a
fund
focused
on
the
purchase
of
and
the
recovery
on
private
distressed
commercial,
sovereign
and
sovereign-related
debt
claims
around
the
world,
principally
in
Africa
and
Asia.
h
Defaulted
security
or
security
for
which
income
has
been
deemed
uncollectible.
i
Represents
claims
that
have
been
filed
with
a
Ghanaian
court
against
National
Investment
Bank
of
Ghana.
j
Income
may
be
received
in
additional
securities
and/or
cash.
k
Perpetual
security
with
no
stated
maturity
date.
l
A
supranational
organization
is
an
entity
formed
by
two
or
more
central
governments
through
international
treaties.
m
Principal
amount
of
security
is
adjusted
for
inflation.
n
The
coupon
rate
shown
represents
the
rate
at
period
end.
o
The
security
was
issued
on
a
discount
basis
with
no
stated
coupon
rate.
p
See
Note
7
regarding
investments
in
affiliated
management
investment
companies.
q
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Global
Trust
Consolidated
Statement
of
Investments
(unaudited)
Franklin
Emerging
Market
Debt
Opportunities
Fund
(continued)
Quaterly
Statement
of
Investments
See
Notes
to
Statements
of
Investments.
6
At
April
30,
2021,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
See
Note
3. 
See
Abbreviation
on
page
20
.
Forward
Exchange
Contracts
Currency
Counter-
party
a
Type
Quantity
Contract
Amount
*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
A
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
Euro
.............
CITI
Buy
318,000
376,096
6/15/21
$
6,572
$
Euro
.............
CITI
Sell
1,428,000
1,709,059
6/15/21
(9,338)
Japanese
Yen
......
RBCCM
Sell
180,000,000
1,665,006
6/15/21
17,367
Total
Forward
Exchange
Contracts
...................................................
$23,939
$(9,338)
Net
unrealized
appreciation
(depreciation)
............................................
$14,601
*
In
U.S.
dollars
unless
otherwise
indicated.
a
May
be
comprised
of
multiple
contracts
with
the
same
counterparty,
currency
and
settlement
date.
Franklin
Global
Trust
Statement
of
Investments
(unaudited),
April
30,
2021
Franklin
International
Growth
Fund
See
Notes
to
Statements
of
Investments.
Quaterly
Statement
of
Investments
7
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
96.9%
Aerospace
&
Defense
3.5%
MTU
Aero
Engines
AG
.................................
Germany
440,000
$
111,041,892
Air
Freight
&
Logistics
3.8%
DSV
PANALPINA
A/S
..................................
Denmark
550,000
122,540,620
Banks
2.8%
a
FinecoBank
Banca
Fineco
SpA
...........................
Italy
5,300,000
91,162,752
Biotechnology
5.1%
CSL
Ltd.
............................................
Australia
420,000
87,747,025
a
Genmab
A/S
.........................................
Denmark
206,000
75,597,879
163,344,904
Capital
Markets
5.9%
Deutsche
Boerse
AG
...................................
Germany
430,000
74,102,969
Intermediate
Capital
Group
plc
...........................
United
Kingdom
3,806,000
114,906,704
189,009,673
Chemicals
9.3%
Koninklijke
DSM
NV
...................................
Netherlands
580,000
103,998,418
Symrise
AG
.........................................
Germany
680,000
87,815,468
Umicore
SA
.........................................
Belgium
1,740,000
105,731,341
297,545,227
Diversified
Consumer
Services
2.5%
a
TAL
Education
Group,
ADR
..............................
China
1,400,000
79,730,000
Diversified
Telecommunication
Services
2.7%
b
Cellnex
Telecom
SA,
144A,
Reg
S
.........................
Spain
1,554,735
87,945,813
Entertainment
3.0%
a
CTS
Eventim
AG
&
Co.
KGaA
............................
Germany
1,380,000
95,251,814
Health
Care
Equipment
&
Supplies
9.2%
a
Alcon,
Inc.
...........................................
Switzerland
1,350,000
101,405,096
Cochlear
Ltd.
........................................
Australia
540,000
92,449,060
GN
Store
Nord
A/S
....................................
Denmark
1,120,000
101,014,621
294,868,777
Internet
&
Direct
Marketing
Retail
6.1%
a
boohoo
Group
plc
.....................................
United
Kingdom
21,050,000
98,796,862
a
MercadoLibre
,
Inc.
....................................
Argentina
62,000
97,400,760
196,197,622
IT
Services
11.4%
a,b
Adyen
NV,
144A,
Reg
S
................................
Netherlands
45,000
110,753,827
a
Amadeus
IT
Group
SA
.................................
Spain
1,090,860
74,288,572
a
Keywords
Studios
plc
..................................
Ireland
2,900,000
108,380,439
a
Shopify,
Inc.,
A
.......................................
Canada
62,000
73,315,620
366,738,458
Media
5.4%
a,b
Ascential
plc,
144A,
Reg
S
..............................
United
Kingdom
12,800,000
61,524,667
CyberAgent
,
Inc.
......................................
Japan
5,420,000
111,236,771
172,761,438
Pharmaceuticals
2.7%
Hikma
Pharmaceuticals
plc
..............................
Jordan
2,600,000
87,620,932
Professional
Services
5.7%
a
Clarivate
plc
.........................................
United
Kingdom
3,170,000
88,538,100
Franklin
Global
Trust
Statement
of
Investments
(unaudited)
Franklin
International
Growth
Fund
(continued)
Quaterly
Statement
of
Investments
See
Notes
to
Statements
of
Investments.
8
See
A
bbreviations
on
page
20
.
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Professional
Services
(continued)
Experian
plc
.........................................
United
Kingdom
2,450,000
$
94,454,802
182,992,902
Semiconductors
&
Semiconductor
Equipment
3.8%
ASML
Holding
NV
.....................................
Netherlands
190,000
123,342,105
Software
10.9%
AVEVA
Group
plc
.....................................
United
Kingdom
1,909,997
91,800,489
a
CyberArk
Software
Ltd.
.................................
United
States
720,000
101,160,000
Sage
Group
plc
(The)
..................................
United
Kingdom
8,000,000
70,487,519
SAP
SE
............................................
Germany
240,000
33,606,368
SimCorp
A/S
.........................................
Denmark
392,864
51,946,764
349,001,140
Trading
Companies
&
Distributors
3.1%
Ferguson
plc
.........................................
United
States
800,000
100,904,561
Total
Common
Stocks
(Cost
$2,009,756,529)
....................................
3,112,000,630
Short
Term
Investments
3.3%
a
a
Country
Shares
a
Value
a
Money
Market
Funds
3.3%
c,d
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0.01%
.....
United
States
106,377,843
106,377,843
Total
Money
Market
Funds
(Cost
$106,377,843)
.................................
106,377,843
Total
Short
Term
Investments
(Cost
$106,377,843
)
...............................
106,377,843
a
Total
Investments
(Cost
$2,116,134,372)
100.2%
.................................
$3,218,378,473
Other
Assets,
less
Liabilities
(0.2)%
...........................................
(6,671,632)
Net
Assets
100.0%
...........................................................
$3,211,706,841
a
Non-income
producing.
b
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
April
30,
2021,
the
aggregate
value
of
these
securities
was
$260,224,307,
representing
8.1%
of
net
assets.
c
See
Note
7
regarding
investments
in
affiliated
management
investment
companies.
d
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Franklin
Global
Trust
Statement
of
Investments
(unaudited),
April
30,
2021
Franklin
International
Small
Cap
Fund
See
Notes
to
Statements
of
Investments.
Quaterly
Statement
of
Investments
9
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
92.6%
Aerospace
&
Defense
3.7%
a
CAE,
Inc.
...........................................
Canada
114,300
$
3,579,866
Air
Freight
&
Logistics
4.4%
Mainfreight
Ltd.
.......................................
New
Zealand
82,228
4,261,157
Capital
Markets
4.0%
a,b
Fairfax
India
Holdings
Corp.,
144A,
Reg
S
...................
India
136,100
1,642,727
IIFL
Wealth
Management
Ltd.
............................
India
147,100
2,236,314
3,879,041
Commercial
Services
&
Supplies
14.1%
a,b
Biffa
plc,
144A,
Reg
S
..................................
United
Kingdom
520,479
1,987,575
a
Elis
SA
.............................................
France
165,960
2,970,157
K-Bro
Linen,
Inc.
......................................
Canada
92,100
3,461,476
Loomis
AB
..........................................
Sweden
112,636
3,688,518
b
Prosegur
Cash
SA,
144A,
Reg
S
..........................
Spain
1,877,962
1,691,565
13,799,291
Distributors
2.5%
a
Headlam
Group
plc
....................................
United
Kingdom
379,488
2,410,910
Diversified
Consumer
Services
2.5%
Park
Lawn
Corp.
......................................
Canada
88,800
2,452,520
Diversified
Telecommunication
Services
4.0%
a
Liberty
Latin
America
Ltd.,
A
.............................
Chile
283,300
3,933,620
Entertainment
3.1%
a
CTS
Eventim
AG
&
Co.
KGaA
............................
Germany
44,100
3,043,917
Food
&
Staples
Retailing
6.2%
Total
Produce
plc
.....................................
Ireland
2,396,677
6,084,224
Food
Products
3.4%
Orion
Corp.
..........................................
South
Korea
31,500
3,291,638
Health
Care
Providers
&
Services
3.1%
Solasto
Corp.
........................................
Japan
230,200
2,998,990
Household
Durables
2.2%
SEB
SA
............................................
France
11,840
2,156,332
Insurance
8.9%
a
Arch
Capital
Group
Ltd.
.................................
United
States
97,321
3,864,617
Fairfax
Financial
Holdings
Ltd.
...........................
Canada
6,100
2,786,771
RenaissanceRe
Holdings
Ltd.
............................
United
States
12,200
2,059,482
8,710,870
IT
Services
2.9%
TravelSky
Technology
Ltd.,
H
............................
China
1,291,400
2,825,499
Machinery
2.4%
a
Trifast
plc
...........................................
United
Kingdom
1,055,900
2,333,285
Marine
2.2%
Clarkson
plc
.........................................
United
Kingdom
52,294
2,191,975
Media
4.2%
a
4imprint
Group
plc
.....................................
United
Kingdom
87,900
2,852,869
a,c
Hyve
Group
plc
.......................................
United
Kingdom
782,221
1,295,310
4,148,179
Franklin
Global
Trust
Statement
of
Investments
(unaudited)
Franklin
International
Small
Cap
Fund
(continued)
Quaterly
Statement
of
Investments
See
Notes
to
Statements
of
Investments.
10
See
Abbreviations
on
page
20
.
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Pharmaceuticals
2.7%
Haw
Par
Corp.
Ltd.
....................................
Singapore
270,700
$
2,683,000
Real
Estate
Management
&
Development
7.5%
a
Foxtons
Group
plc
.....................................
United
Kingdom
2,065,800
1,796,716
a
LSL
Property
Services
plc
...............................
United
Kingdom
383,500
2,171,573
Shurgard
Self
Storage
SA
...............................
Belgium
73,400
3,414,785
7,383,074
Software
3.4%
Hansen
Technologies
Ltd.
...............................
Australia
752,764
3,300,797
Specialty
Retail
1.1%
JUMBO
SA
..........................................
Greece
59,500
1,111,617
Trading
Companies
&
Distributors
2.7%
IMCD
NV
...........................................
Netherlands
17,900
2,600,072
Transportation
Infrastructure
1.4%
a
Grupo
Aeroportuario
del
Sureste
SAB
de
CV,
ADR
............
Mexico
8,100
1,377,810
Total
Common
Stocks
(Cost
$72,258,238)
......................................
90,557,684
Short
Term
Investments
1.0%
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
a
Time
Deposits
1.0%
National
Bank
of
Canada,
0.05%,
5/03/21
...................
Canada
1,000,000
1,000,000
Total
Time
Deposits
(Cost
$1,000,000)
.........................................
1,000,000
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
0.0%
Shares
Money
Market
Funds
0.0%
d,e
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0.01%
.....
United
States
15,000
15,000
Principal
Amount
*
Repurchase
Agreements
0.0%
f
Joint
Repurchase
Agreement,
BofA
Securities,
Inc.,
0%,
5/03/21
(Maturity
Value
$4,260)
Collateralized
by
U.S.
Treasury
Note,
1.5%,
11/30/24
(valued
at
$4,345)
...........................................
4,260
4,260
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$19,260)
...............................................................
19,260
Total
Short
Term
Investments
(Cost
$1,019,260
)
.................................
1,019,260
a
Total
Investments
(Cost
$73,277,498)
93.6%
....................................
$91,576,944
Other
Assets,
less
Liabilities
6.4%
.............................................
6,220,980
Net
Assets
100.0%
...........................................................
$97,797,924
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
Franklin
Global
Trust
Statement
of
Investments
(unaudited)
Franklin
International
Small
Cap
Fund
(continued)
See
Notes
to
Statements
of
Investments.
Quaterly
Statement
of
Investments
11
Rounds
to
less
than
0.1%
of
net
assets.
a
Non-income
producing.
b
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
April
30,
2021,
the
aggregate
value
of
these
securities
was
$5,321,867,
representing
5.4%
of
net
assets.
c
A
portion
or
all
of
the
security
is
on
loan
at
April
30,
2021.
d
See
Note
7
regarding
investments
in
affiliated
management
investment
companies.
e
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
f
Investment
is
through
participation
in
a
joint
account
with
other
funds
managed
by
the
investment
manager
or
an
affiliate
of
the
investment
manager.
At
April
30,
2021,
all
repurchase
agreements
had
been
entered
into
on
that
date.
Franklin
Global
Trust
Notes
to
Statements
of
Investments
(unaudited)
12
Quaterly
Statements
of
Investments
1.
Organization
Franklin
Global
Trust (Trust)
is
registered
under
the
Investment
Company
Act
of
1940
(1940
Act)
as
an
open-end
management
investment
company,
consisting
of three
separate
funds
(Funds)
and
applies
the
specialized
accounting
and
reporting
guidance
in
U.S.
Generally
Accepted
Accounting
Principles
(U.S.
GAAP). 
2. Financial
Instrument
Valuation
The
Funds’
investments
in
financial
instruments
are
carried
at
fair
value
daily.
Fair
value
is
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
on
the
measurement
date.
The
Funds
calculate
the
net
asset
value
(NAV)
per
share
each
business
day
as
of
4
p.m.
Eastern
time
or
the
regularly
scheduled
close
of
the
New
York
Stock
Exchange
(NYSE),
whichever
is
earlier.
Under
compliance
policies
and
procedures
approved
by
the
Trust’s
Board
of
Trustees
(the
Board),
the
Funds’
administrator
has
responsibility
for
oversight
of
valuation,
including
leading
the
cross-functional
Valuation
Committee
(VC).
The
Funds
may
utilize
independent
pricing
services,
quotations
from
securities
and
financial
instrument
dealers,
and
other
market
sources
to
determine
fair
value. 
Equity
securities
listed
on
an
exchange
or
on
the
NASDAQ
National
Market
System
are
valued
at
the
last
quoted
sale
price
or
the
official
closing
price
of
the
day,
respectively.
Foreign
equity
securities
are
valued
as
of
the
close
of
trading
on
the
foreign
stock
exchange
on
which
the
security
is
primarily
traded
or
as
of
4
p.m.
Eastern
time.
The
value
is
then
converted
into
its
U.S.
dollar
equivalent
at
the
foreign
exchange
rate
in
effect
at
4
p.m. Eastern
time
on
the
day
that
the
value
of
the
security
is
determined.
Over-the-counter
(OTC)
securities
are
valued
within
the
range
of
the
most
recent
quoted
bid
and
ask
prices.
Securities
that
trade
in
multiple
markets
or
on
multiple
exchanges
are
valued
according
to
the
broadest
and
most
representative
market.
Certain
equity
securities
are
valued
based
upon
fundamental
characteristics
or
relationships
to
similar
securities. 
Debt
securities
generally
trade
in
the
OTC
market
rather
than
on
a
securities
exchange.
The
Funds’
pricing
services
use
multiple
valuation
techniques
to
determine
fair
value.
In
instances
where
sufficient
market
activity
exists,
the
pricing
services
may
utilize
a
market-based
approach
through
which
quotes
from
market
makers
are
used
to
determine
fair
value.
In
instances
where
sufficient
market
activity
may
not
exist
or
is
limited,
the
pricing
services
also
utilize
proprietary
valuation
models
which
may
consider
market
characteristics
such
as
benchmark
yield
curves,
credit
spreads,
estimated
default
rates,
anticipated
market
interest
rate
volatility,
coupon
rates,
anticipated
timing
of
principal
repayments,
underlying
collateral,
and
other
unique
security
features
in
order
to
estimate
the
relevant
cash
flows,
which
are
then
discounted
to
calculate
the
fair
value.
Securities
denominated
in
a
foreign
currency
are
converted
into
their
U.S.
dollar
equivalent
at
the
foreign
exchange
rate
in
effect
at
4
p.m.
Eastern
time
on
the
date
that
the
values
of
the
foreign
debt
securities
are
determined.
Investments
in
open-end
mutual
funds
are
valued
at
the
closing
NAV.
Investments
in
repurchase
agreements
are
valued
at
cost,
which
approximates
fair
value. 
Certain
derivative
financial
instruments
trade
in
the
OTC
market.
The
Fund’s
pricing
services
use
various
techniques
including
industry
standard
option
pricing
models
and
proprietary
discounted
cash
flow
models
to
determine
the
fair
value
of
those
instruments.
The
Fund’s net
benefit
or
obligation
under
the
derivative
contract,
as
measured
by
the
fair
value
of
the
contract,
is
included
in
net
assets. 
The
Funds
have procedures
to
determine
the
fair
value
of
financial
instruments
for
which
market
prices
are
not
reliable
or
readily
available.
Under
these
procedures,
the
Funds
primarily employ
a
market-based
approach
which
may
use
related
or
comparable
assets
or
liabilities,
recent
transactions,
market
multiples,
book
values,
and
other
relevant
information
for
the
investment
to
determine
the
fair
value
of
the
investment.
An
income-based
valuation
approach
may
also
be
used
in
which
the
anticipated
future
cash
flows
of
the
investment
are
discounted
to
calculate
fair
value.
Discounts
may
also
be
applied
due
to
the
nature
or
duration
of
any
restrictions
on
the
disposition
of
the
investments.
Due
to
the
inherent
uncertainty
of
valuations
of
such
investments,
the
fair
values
may
differ
significantly
from
the
values
that
would
have
been
used
had
an
active
market
existed. 
Franklin
Global
Trust
Notes
to
Statements
of
Investments
(unaudited)
13
Quaterly
Statements
of
Investments
Trading
in
securities
on
foreign
securities
stock
exchanges
and
OTC
markets
may
be
completed
before
4
p.m.
Eastern
time.
In
addition,
trading
in
certain
foreign
markets
may
not
take
place
on
every
Funds’ business
day.
Events
can
occur
between
the
time
at
which
trading
in
a
foreign
security
is
completed
and
4
p.m.
Eastern
time
that
might
call
into
question
the
reliability
of
the
value
of
a
portfolio
security
held
by
the
Fund.
As
a
result,
differences
may
arise
between
the
value
of
the
Funds’
portfolio
securities
as
determined
at
the
foreign
market
close
and
the
latest
indications
of
value
at
4
p.m.
Eastern
time.
In
order
to
minimize
the
potential
for
these
differences,
an
independent
pricing
service
may
be
used
to
adjust
the
value
of
the
Funds'
portfolio
securities
to
the
latest
indications
of
fair
value
at 4
p.m.
Eastern
time.
At
April
30,
2021,
certain
securities
may
have
been
fair
valued
using
these
procedures,
in
which
case
the
securities
were
categorized
as
Level
2
inputs
within
the
fair
value
hierarchy
(referred
to
as
"market
level
fair
value").
See
the
Fair
Value
Measurements
note
for
more
information.
When
the
last
day
of
the
reporting
period
is
a
non-business
day,
certain
foreign
markets
may
be
open
on
those
days
that
the
Funds’
NAV
is
not
calculated,
which
could
result
in
differences
between
the
value
of
the
Funds’
portfolio securities
on
the
last
business
day
and
the
last
calendar
day
of
the
reporting
period.
Any
security
valuation
changes
due
to
an
open
foreign
market
are
adjusted
and
reflected
by
the
Funds for
financial
reporting
purposes.
3.
Derivative
Financial
Instruments
Certain
or
all
Funds
invested
in
derivative
financial
instruments
in
order
to
manage
risk
or
gain
exposure
to
various
other
investments
or
markets.
Derivatives
are
financial
contracts
based
on
an
underlying
or
notional
amount,
require
no
initial
investment
or
an
initial
net
investment
that
is
smaller
than
would
normally
be
required
to
have
a
similar
response
to
changes
in
market
factors,
and
require
or
permit
net
settlement.
Derivatives
contain
various
risks
including
the
potential
inability
of
the
counterparty
to
fulfill
their
obligations
under
the
terms
of
the
contract,
the
potential
for
an
illiquid
secondary
market,
and/or
the
potential
for
market
movements.
Derivative
counterparty
credit
risk
is
managed
through
a
formal
evaluation
of
the
creditworthiness
of
all
potential
counterparties.
Certain
or
all
Funds
attempt
to
reduce
their
exposure
to
counterparty
credit
risk
on
OTC
derivatives,
whenever
possible,
by
entering
into
International
Swaps
and
Derivatives
Association
(ISDA)
master
agreements
with
certain
counterparties.
These
agreements
contain
various
provisions,
including
but
not
limited
to
collateral
requirements,
events
of
default,
or
early
termination.
Termination
events
applicable
to
the
counterparty
include
certain
deteriorations
in
the
credit
quality
of
the
counterparty.
Termination
events
applicable
to
the
Funds include
failure
of
the
Funds
to
maintain
certain
net
asset
levels
and/or
limit
the
decline
in
net
assets
over
various
periods
of
time.
In
the
event
of
default
or
early
termination,
the
ISDA
master
agreement
gives
the
non-defaulting
party
the
right
to
net
and
close-out
all
transactions
traded,
whether
or
not
arising
under
the
ISDA
agreement,
to
one
net
amount
payable
by
one
counterparty
to
the
other.
Early
termination
by
the
counterparty
may
result
in
an
immediate
payment
by
the
Funds
of
any
net
liability
owed
to
that
counterparty
under
the
ISDA
agreement. 
Collateral
requirements
differ
by
type
of
derivative.
Collateral
terms
are
contract
specific
for
OTC
derivatives.
For
OTC
derivatives
traded
under
an
ISDA
master
agreement,
posting
of
collateral
is
required
by
either
the
Fund
or
the
applicable
counterparty
if
the
total
net
exposure
of
all
OTC
derivatives
with
the
applicable
counterparty
exceeds
the
minimum
transfer
amount,
which
typically
ranges
from
$100,000
to
$250,000,
and
can
vary
depending
on
the
counterparty
and
the
type
of
the
agreement.
Generally,
collateral
is
determined
at
the
close
of
Fund
business
each
day
and
any
additional
collateral
required
due
to
changes
in
derivative
values
may
be
delivered
by
the
Fund
or
the
counterparty
the
next
business
day,
or
within
a
few
business
days.
Collateral
pledged
and/or
received
by
the
Fund,
if
any,
is
held
in
segregated
accounts
with
the
Fund’s
custodian/counterparty
broker
and
can
be
in
the
form
of
cash
and/or
securities.
Unrestricted
cash
may
be
invested
according
to
the
Fund’s investment
objectives.
To
the
extent
that
the
amounts
due
to
the
Fund
from
its
counterparties
are
not
subject
to
collateralization
or
are
not
fully
collateralized,
the
Fund
bears
the
risk
of
loss
from
counterparty
non-performance.
2. Financial
Instrument
Valuation
(continued)
Franklin
Global
Trust
Notes
to
Statements
of
Investments
(unaudited)
14
Quaterly
Statements
of
Investments
Certain
or
all
Funds
entered
into
OTC
forward
exchange
contracts
primarily
to
manage
and/or
gain
exposure
to
certain
foreign
currencies.
A
forward
exchange
contract
is
an
agreement
between
the
Funds
and
a
counterparty
to
buy
or
sell
a
foreign
currency
for
a
specific
exchange
rate
on
a
future
date.
Certain
or
all
Funds
invest in
value
recovery
instruments
(VRI)
primarily
to
gain
exposure
to
economic
growth.
Periodic
payments
from
VRI
are
dependent
on
established
benchmarks
for
underlying
variables.
VRI
has
a
notional
amount,
which
is
used
to
calculate
amounts
of
payments
to
holders.
Payments
are
recorded
upon
receipt
as
realized
gains.
The
risks
of
investing
in
VRI
include
growth
risk,
liquidity,
and
the
potential
loss
of
investment.
The
following
Fund
has
invested
in
derivatives
during
the
period. 
Franklin
Emerging
Market
Debt
Opportunities
Fund
Forwards
and
VRI
4.
Concentration
of
Risk 
Investing
in
foreign
securities
may
include
certain
risks
and
considerations
not
typically
associated
with
investing
in
U.S.
securities,
such
as
fluctuating
currency
values
and
changing
local,
regional
and
global
economic,
political
and
social
conditions,
which
may
result
in
greater
market
volatility.
Political
and
financial
uncertainty
in
many
foreign
regions
may
increase
market
volatility
and
the
economic
risk
of
investing
in
securities
in
foreign
securities.
In
addition,
certain
foreign
securities
may
not
be
as
liquid
as
U.S.
securities.
5.
Novel
Coronavirus
Pandemic 
The
global
outbreak
of
the
novel
coronavirus
disease,
known
as
COVID-19, has
caused
adverse
effects
on
many
companies,
sectors,
nations,
regions
and
the
markets
in
general, and
may
continue for
an unpredictable duration.
The
effects
of
this
pandemic
may
materially
impact
the
value
and
performance
of
the
Funds, their ability
to
buy
and
sell
fund
investments
at
appropriate
valuations
and their ability
to
achieve their investment
objectives.
6. Restricted
Securities 
At
April
30,
2021,
investments
in
restricted
securities,
excluding
securities
exempt
from
registration
under
the
Securities
Act
of
1933,
were
as
follows:
Principal
Amount
*
/
Shares
/
Units
Issuer
Acquisition
Date
Cost
Value
Franklin
Emerging
Market
Debt
Opportunities
Fund
193,625
Astana
Finance
JSC,
GDR,
144A
................
5/22/15
$
$
136,566
Astana
Finance
JSC,
Secured
Note,
144A,
0%,
12/22/24
.................................
5/22/15
1,366
4,424,861
Global
Distressed
Alpha
Fund
III
LP
..............
10/11/12-1/22/16
4,600,000
743,865
Global
Distressed
Alpha
Fund
III
LP,
PIK,
12%,
Perpetual
................................
12/28/16-4/30/21
706,103
332,021
55,882,058
a
K2016470219
South
Africa
Ltd.,
A
...............
2/08/13-2/01/17
429,249
5,561,052
a
K2016470219
South
Africa
Ltd.,
B
...............
2/01/17
4,129
4,250,000
DEM
NK
Debt
Corp.
(The),
144A,
Zero
Cpn
.,
3/12/20
.....
6/19/07-10/14/08
723,263
2,000,000
CHF
NK
Debt
Corp.
(The),
Reg
S,
Zero
Cpn
.,
3/12/20
....
6/17/11
388,830
3.
Derivative
Financial
Instruments
(continued)
Franklin
Global
Trust
Notes
to
Statements
of
Investments
(unaudited)
15
Quaterly
Statements
of
Investments
See
Abbreviations
on
page
20
.
7.
Investments
in
Affiliated
Management
Investment
Companies 
Certain
or
all
Funds
invest
in
one
or
more
affiliated
management
investment
companies
for
purposes
other
than
exercising
a
controlling
influence
over
the
management
or
policies.
During
the
period
ended
April
30,
2021,
investments
in
affiliated
management
investment
companies
were
as
follows: 
Principal
Amount*/
Shares/
Units
Issuer
Acquisition
Date
Cost
Value
Franklin
Emerging
Market
Debt
Opportunities
Fund
(continued)
18,000,000
DEM
NK
Debt
Corp.
(The),
Reg
S,
Zero
Cpn
.,
3/12/20
....
1/25/11-6/06/11
$
2,023,664
$
8,000,000
Sphynx
Capital
Markets
PCC
(National
Investment
Bank
of
Ghana),
PTN,
Secured
Note,
Reg
S,
Zero
Cpn
.,
2/05/09
..................................
10/12/09-10/13/11
3,100,000
Total
Restricted
Securities
(Value
is
0.33%
of
Net
Assets)
.............
$11,975,238
$333,387
*
In
U.S.
dollars
unless
otherwise
indicated.
a
The
Fund
also
invests
in
unrestricted
securities
of
the
same
issue,
valued
at
$-
as
of
April
30,
2021.
    aa
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares
Held
at
End
of
Period
Investment
Income
a      
a  
a  
a  
a  
a  
a  
a  
Franklin
Emerging
Market
Debt
Opportunities
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0.01%
.......
$4,131,221
$57,203,944
$(54,573,944)
$—
$—
$6,761,221
6,761,221
$83
Total
Affiliated
Securities
....
$4,131,221
$57,203,944
$(54,573,944)
$—
$—
$6,761,221
$83
Franklin
International
Growth
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0.01%
.......
$79,852,720
$442,239,070
$(415,713,947)
$—
$—
$106,377,843
106,377,843
$1,819
Total
Affiliated
Securities
....
$79,852,720
$442,239,070
$(415,713,947)
$—
$—
$106,377,843
$1,819
Franklin
International
Small
Cap
Fund
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0.01%
.......
$96,000
$6,227,000
$(6,308,000)
$
$
$15,000
15,000
$1
Total
Affiliated
Securities
....
$96,000
$6,227,000
$(6,308,000)
$—
$—
$15,000
$1
6. Restricted
Securities 
(continued)
Franklin
Global
Trust
Notes
to
Statements
of
Investments
(unaudited)
16
Quaterly
Statements
of
Investments
8.
Investments
in
Alternative
Strategies
(FT)
Ltd.
(FT
Subsidiary)
Franklin
Emerging
Market
Debt
Opportunities
Fund
invests
in
certain
financial
instruments,
warrants
or
commodities
through
its
investment
in
the
FT
Subsidiary.
The
FT
Subsidiary
is
a
Cayman
Islands
exempted
company
with
limited
liability,
is
a
wholly-owned
subsidiary
of
the
Fund,
and
is
able
to
invest
in
certain
financial
instruments
consistent
with
the
investment
objective
of
the
Fund.
At
April
30,
2021,
the
FT
Subsidiary
investments
as
well
as
any
other
assets
and
liabilities
of
the
FT
Subsidiary
are
reflected
in
the
Fund’s
Consolidated
Statement
of
Investments.
At
April
30,
2021,
the
net
assets
of
the
FT
Subsidiary
were
$1,517,285,
representing
1.5%
of
the
Fund’s
consolidated
net
assets.
The
Fund’s
investment
in
the
FT
Subsidiary
is
limited
to
25%
of
consolidated
assets.
9. Fair
Value
Measurements 
The
Funds
follow
a
fair
value
hierarchy
that
distinguishes
between
market
data
obtained
from
independent
sources
(observable
inputs)
and
the
Funds'
own
market
assumptions
(unobservable
inputs).
These
inputs
are
used
in
determining
the
value
of
the
Funds’
financial
instruments
and
are
summarized
in
the
following
fair
value
hierarchy:
• Level
1
quoted
prices
in
active
markets
for
identical
financial
instruments
• Level
2
other
significant
observable
inputs
(including
quoted
prices
for
similar
financial
instruments,
interest
rates,
prepayment
speed,
credit
risk,
etc.)
• Level
3
significant
unobservable
inputs
(including
the
Funds'
own
assumptions
in
determining
the
fair
value
of
financial
instruments)
The
input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level. 
A
summary
of
inputs
used
as
of
April
30,
2021,
in
valuing
the
Funds’
assets
and
liabilities carried
at
fair
value,
is
as
follows:  
Level
1
Level
2
Level
3
Total
Franklin
Emerging
Market
Debt
Opportunities
Fund
Assets:
Investments
in
Securities:
Common
Stocks
........................
$
$
$
a
$
Warrants
:
Diversified
Financial
Services
.............
2,116,810
1,128,097
3,244,907
Private
Limited
Partnership
Funds
............
a
Quasi-Sovereign
Bonds
...................
9,439,001
1,366
a
9,440,367
Corporate
Bonds
:
Airlines
..............................
1,017,500
1,017,500
Banks
...............................
1,094,203
1,094,203
Capital
Markets
........................
1,015,200
1,015,200
Construction
&
Engineering
...............
1,092,500
1,092,500
Food
Products
........................
1,027,500
1,027,500
Metals
&
Mining
.......................
964,541
964,541
Multiline
Retail
........................
a
Oil,
Gas
&
Consumable
Fuels
.............
3,186,163
3,186,163
Loan
Participations
and
Assignments
.........
2,201,047
332,021
a
2,533,068
Foreign
Government
and
Agency
Securities
....
64,207,522
64,207,522
Short
Term
Investments
...................
6,761,221
2,741,447
9,502,668
Total
Investments
in
Securities
...........
$6,761,221
$90,103,434
$1,461,484
$98,326,139
Other
Financial
Instruments:
Forward
exchange
contracts
...............
$
$
23,939
$
$
23,939
Restricted
Currency
(ARS)
.................
202,329
202,329
Total
Other
Financial
Instruments
.........
$—
$23,939
$202,329
$226,268
Franklin
Global
Trust
Notes
to
Statements
of
Investments
(unaudited)
17
Quaterly
Statements
of
Investments
Level
1
Level
2
Level
3
Total
Franklin
Emerging
Market
Debt
Opportunities
Fund
(continued)
Liabilities:
Other
Financial
Instruments:
Forward
exchange
contracts
................
$
$
9,338
$
$
9,338
$—
$—
$—
$—
Franklin
International
Growth
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Aerospace
&
Defense
...................
111,041,892
111,041,892
Air
Freight
&
Logistics
...................
122,540,620
122,540,620
Banks
...............................
91,162,752
91,162,752
Biotechnology
.........................
163,344,904
163,344,904
Capital
Markets
........................
189,009,673
189,009,673
Chemicals
...........................
297,545,227
297,545,227
Diversified
Consumer
Services
............
79,730,000
79,730,000
Diversified
Telecommunication
Services
.....
87,945,813
87,945,813
Entertainment
.........................
95,251,814
95,251,814
Health
Care
Equipment
&
Supplies
.........
294,868,777
294,868,777
Internet
&
Direct
Marketing
Retail
..........
97,400,760
98,796,862
196,197,622
IT
Services
...........................
181,696,059
185,042,399
366,738,458
Media
...............................
172,761,438
172,761,438
Pharmaceuticals
.......................
87,620,932
87,620,932
Professional
Services
...................
88,538,100
94,454,802
182,992,902
Semiconductors
&
Semiconductor
Equipment
.
123,342,105
123,342,105
Software
.............................
101,160,000
247,841,140
349,001,140
Trading
Companies
&
Distributors
..........
100,904,561
100,904,561
Short
Term
Investments
...................
106,377,843
106,377,843
Total
Investments
in
Securities
...........
$654,902,762
$2,563,475,711
b
$—
$3,218,378,473
Franklin
International
Small
Cap
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Aerospace
&
Defense
...................
3,579,866
3,579,866
Air
Freight
&
Logistics
...................
4,261,157
4,261,157
Capital
Markets
........................
1,642,727
2,236,314
3,879,041
Commercial
Services
&
Supplies
...........
5,449,051
8,350,240
13,799,291
Distributors
...........................
2,410,910
2,410,910
Diversified
Consumer
Services
............
2,452,520
2,452,520
Diversified
Telecommunication
Services
.....
3,933,620
3,933,620
Entertainment
.........................
3,043,917
3,043,917
Food
&
Staples
Retailing
.................
6,084,224
6,084,224
Food
Products
........................
3,291,638
3,291,638
Health
Care
Providers
&
Services
..........
2,998,990
2,998,990
Household
Durables
....................
2,156,332
2,156,332
Insurance
............................
8,710,870
8,710,870
IT
Services
...........................
2,825,499
2,825,499
Machinery
............................
2,333,285
2,333,285
Marine
..............................
2,191,975
2,191,975
Media
...............................
4,148,179
4,148,179
Pharmaceuticals
.......................
2,683,000
2,683,000
Real
Estate
Management
&
Development
....
2,171,573
5,211,501
7,383,074
Software
.............................
3,300,797
3,300,797
Specialty
Retail
........................
1,111,617
1,111,617
Trading
Companies
&
Distributors
..........
2,600,072
2,600,072
9. Fair
Value
Measurements 
(continued)
Franklin
Global
Trust
Notes
to
Statements
of
Investments
(unaudited)
18
Quaterly
Statements
of
Investments
A
reconciliation
in
which
Level
3
inputs
are
used
in
determining
fair
value
is
presented
when
there
are
significant
Level
3
assets
and/or
liabilities
at
the
beginning
and/or
end
of
the
period.
At April
30,
2021,
the
reconciliation
is
as
follows:
Significant
unobservable
valuation
inputs
for
material
Level
3
assets
and/or
liabilities
and
impact
to
fair
value
as
a
result
of
changes
in
unobservable
valuation
inputs
as
of
April
30,
2021,
are
as
follows:
Level
1
Level
2
Level
3
Total
Franklin
International
Small
Cap
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
Common
Stocks:
Transportation
Infrastructure
..............
$
1,377,810
$
$
$
1,377,810
Short
Term
Investments
...................
15,000
1,004,260
1,019,260
Total
Investments
in
Securities
...........
$40,417,386
$51,159,558
c
$—
$91,576,944
a
Includes
securities
determined
to
have
no
value
at
April
30,
2021.
b
Includes
foreign
securities
valued
at
$2,563,475,711,
which
were
categorized
as
Level
2
as
a
result
of
the
application
of
market
level
fair
value
procedures.
See
the
Financial
Instrument
Valuation
note
for
more
information.
c
Includes
foreign
securities
valued
at
$50,155,298,
which
were
categorized
as
Level
2
as
a
result
of
the
application
of
market
level
fair
value
procedures.
See
the
Financial
Instrument
Valuation
note
for
more
information.
Balance
at
Beginning
of
Period
Purchases
a
Sales
b
Transfer
Into
Level
3
Transfer
Out
of
Level
3
Net
accretion
(
amortiza
-
tion
)
c
Net
Realized
Gain
(Loss)
Net
Unr
ealized
Appreciatio
n
(
Depreciation
)
Balance
at
End
of
Period
Net
Change
in
Unrealized
Appreciation
(Depreciation)
on
Assets
Held
at
Period
End
a
a
a
a
a
a
a
a
a
a
a
Franklin
Emerging
Market
Debt
Opportunities
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Diversified
Financial
Services
........
$
d
$
$
$
$
$
$
$
$
d
$
Multiline
Retail
......
d
d
Warrants
:
Diversified
Financial
Services
........
1,534,950
(31,000)
(11,687,160)
11,311,307
1,128,097
329,146
Private
Limited
Partnership
Funds
:
Capital
Markets
.....
d
d
Quasi-Sovereign
Bonds
.
8,932,540
d
(11,570,005)
1,372,260
1,266,571
1,366
d
Corporate
Bonds
:
Multiline
Retail
......
6,659
d
1,572
(212,823)
204,592
d
204,592
Loan
Participations
and
Assignments
.......
672,864
d
36,703
(377,546)
332,021
d
(377,546)
Total
Investments
in
Securities
.
$11,147,013
$38,275
$(11,601,005)
$—
$—
$(212,823)
$(10,314,900)
$12,404,924
$1,461,484
$156,192
Other
Financial
Instruments:
Restricted
Currency
(ARS)
$252,873
$—
$—
$—
$—
$—
$—
$(50,544)
$202,329
$(82,258)
a
Purchases
include
all
purchases
of
securities
and
securities
received
in
corporate
actions.
b
Sales
include
all
sales
of
securities,
maturities,
paydowns
and
securities
tendered
in
corporate
actions.
c
May
include
accretion,
amortization,
partnership
adjustments,
and/or
other
cost
basis
adjustments.
d
Includes
securities
determined
to
have
no
value.
9. Fair
Value
Measurements 
(continued)
Franklin
Global
Trust
Notes
to
Statements
of
Investments
(unaudited)
19
Quaterly
Statements
of
Investments
10.
Subsequent
Events 
The
Funds
have evaluated
subsequent
events
through
the
issuance
of
the
Statements of
Investments
and
determined
that
no
events
have
occurred
that
require
disclosure.
Description
Fair
Value
at
End
of
Period
Valuation
Technique
Unobservable
Inputs
Amount
/
Range
(Weighted
Average)
Impact
to
Fair
Value
if
Input
Increases
a
Franklin
Emerging
Markets
Debt
Opportunities
Fund
Assets:
Investments
in
Securities:
Loan
Participations
and
Assignments
........
$332,021
Recovery
value
Weighted
probability
of
cash
flow
$3.7
mil
Increase
 b
Discount
rate
25.0%
Decrease
 b
Warrants:
Diversified
Financial
Services
...........
1,128,097
Market
comparables
Implied
recovery
7.7%
Increase
c
Other
Financial
Instruments:
Restricted
Currency
(
ARS
)
202,329
Market
comparables
Implied
foreign
exchange
rate
156.44
ARS/USD
Decrease
 b
All
other
............
1,366
d,e
Total
...............
$1,663,813
a
Represents
the
directional
change
in
the
fair
value
of
the
Level
3
financial
instruments
that
would
result
from
a
significant
and
reasonable
increase
in
the
corresponding
input.
A
significant
and
reasonable
decrease
in
the
input
would
have
the
opposite
effect.
Significant
impacts,
if
any,
to
fair
value
and/or
net
assets
have
been
indicated.
b
Represents
a
significant
impact
to
fair
value
but
not
net
assets.
c
Represents
a
significant
impact
to
fair
value
and
net
assets.
d
Includes
financial
instruments
with
values
derived
using
private
transaction
prices
or
non-public
third
party
pricing
information
which
is
unobservable.
May
also
include
fair
value
of
immaterial
financial
instruments
and
developed
using
various
valuation
techniques
and
unobservable
inputs.
e
Includes
securities
determined
to
have
no
value
at
April
30,
2021.
9. Fair
Value
Measurements 
(continued)
Franklin
Global
Trust
Notes
to
Statements
of
Investments
(unaudited)
20
Quaterly
Statements
of
Investments
Abbreviations
Counterparty
CITI
Citibank
NA
RBCCM
Royal
Bank
of
Canada
Selected
Portfolio
ADR
American
Depositary
Receipt
FRN
Floating
Rate
Note
GDP
Gross
Domestic
Product
GDR
Global
Depositary
Receipt
PIK
Payment-In-Kind
PTN
Pass-through
Note
VRI
Value
Recovery
Instrument
Cu
r
rency
BYN
Belarusian
Ruble
CHF
Swiss
Franc
DEM
Deutsche
Mark
DOP
Dominican
Peso
EGP
Egyptian
Pound
EUR
Euro
GEL
Georgian
Lari
GHS
Ghanaian
Cedi
IDR
Indonesian
Rupiah
JPY
Japanese
Yen
KZT
Kazakhstani
Tenge
MXN
Mexican
Peso
RUB
Russian
Ruble
TRY
Turkish
Lira
USD
United
States
Dollar
UYU
Uruguayan
Peso
UZS
Uzbekitani
Som
ZAR
South
African
Rand
For
additional
information
on
the
Funds'
significant
accounting
policies,
please
refer
to
the Funds'
most
recent
semiannual
or
annual
shareholder
report.