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        <name>Entergy Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Insmed, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Franklin Institutional U.S. Government Money Market Fund</name>
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        <fairValLevel>1</fairValLevel>
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        <name>KLA Corp.</name>
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        <name>Stripe, Inc.</name>
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        <name>Lam Research Corp.</name>
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        <name>Lattice Semiconductor Corp.</name>
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        <name>MACOM Technology Solutions Holdings, Inc.</name>
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        <name>Mastercard, Inc.</name>
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        <name>McKesson Corp.</name>
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        <name>Microsoft Corp.</name>
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        <name>Celonis SE</name>
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        <name>Monolithic Power Systems, Inc.</name>
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        <name>Natera, Inc.</name>
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        <title>Natera, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Old Dominion Freight Line, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ClearMotion, Inc.</name>
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        <fairValLevel>3</fairValLevel>
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        <name>Parker-Hannifin Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Quantinuum, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Repligen Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Republic Services, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>S&amp;P Global, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Sandisk Corp.</name>
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        <title>Sandisk Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Shopify, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>QXO, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Space Exploration Technologies Corp.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Synopsys, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Taiwan Semiconductor Manufacturing Co. Ltd.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Tempus AI, Inc.</name>
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        <name>Teradyne, Inc.</name>
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        <name>Tesla, Inc.</name>
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        <name>Canva Australia Holdings Pty. Ltd.</name>
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        <name>Space Exploration Technologies Corp.</name>
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        <name>ClearMotion, Inc.</name>
        <lei>254900AOZNAIGTQZCA74</lei>
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        <name>ClearMotion, Inc.</name>
        <lei>254900AOZNAIGTQZCA74</lei>
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        <fairValLevel>3</fairValLevel>
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        <name>Anthropic PBC</name>
        <lei>984500B6DEB8CEBC4Z70</lei>
        <title>Anthropic PBC, Series H-1</title>
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        <fairValLevel>3</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flock Group, Inc.</name>
        <lei>N/A</lei>
        <title>Flock Group, Inc., Series C</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1455493"/>
        </identifiers>
        <balance>80684.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1222840.41000000</valUSD>
        <pctVal>0.028072076432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flock Group, Inc.</name>
        <lei>N/A</lei>
        <title>Flock Group, Inc., Series B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1454728"/>
        </identifiers>
        <balance>750387.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11372806.84000000</valUSD>
        <pctVal>0.261079287415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Flock Group, Inc.</name>
        <lei>N/A</lei>
        <title>Flock Group, Inc., Series F-1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1455492"/>
        </identifiers>
        <balance>21303.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>322866.61000000</valUSD>
        <pctVal>0.007411871638</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Plaid, Inc.</name>
        <lei>N/A</lei>
        <title>Plaid, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1454024"/>
        </identifiers>
        <balance>56433.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15759853.56000000</valUSD>
        <pctVal>0.361790312198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anduril Industries, Inc.</name>
        <lei>254900CIXLZUXXNYQW57</lei>
        <title>Anduril Industries, Inc., Series G</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1469187"/>
        </identifiers>
        <balance>180222.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12426793.50000000</valUSD>
        <pctVal>0.285275080944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anduril Industries, Inc.</name>
        <lei>254900CIXLZUXXNYQW57</lei>
        <title>Anduril Industries, Inc., Class B</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1499683"/>
        </identifiers>
        <balance>117526.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8103735.02000000</valUSD>
        <pctVal>0.186032999082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anduril Industries, Inc.</name>
        <lei>254900CIXLZUXXNYQW57</lei>
        <title>Anduril Industries, Inc., Class C</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1499687"/>
        </identifiers>
        <balance>55.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3792.40000000</valUSD>
        <pctVal>0.000087060046</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Optoro, Inc.</name>
        <lei>N/A</lei>
        <title>Optoro, Inc., Escrow Account</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1509824"/>
        </identifiers>
        <balance>556026.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.56000000</valUSD>
        <pctVal>0.000000012855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anthropic PBC</name>
        <lei>984500B6DEB8CEBC4Z70</lei>
        <title>Anthropic PBC, Series F-1</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1509632"/>
        </identifiers>
        <balance>49656.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29247855.73000000</valUSD>
        <pctVal>0.671426978392</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anthropic PBC</name>
        <lei>984500B6DEB8CEBC4Z70</lei>
        <title>Anthropic PBC, Series G</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1578369"/>
        </identifiers>
        <balance>38589.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>22729287.60000000</valUSD>
        <pctVal>0.521783785969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OpenAI Foundation</name>
        <lei>N/A</lei>
        <title>OpenAI Foundation</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1579854"/>
        </identifiers>
        <balance>8668.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5960896.92000000</valUSD>
        <pctVal>0.136841040398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Franklin Institutional U.S. Government Money Market Fund</name>
        <lei>549300M4TP89K77LG374</lei>
        <title>Franklin Institutional U.S. Government Money Market Fund</title>
        <cusip>457756500</cusip>
        <identifiers>
          <isin value="US4577565009"/>
        </identifiers>
        <balance>32525081.75000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32525081.75000000</valUSD>
        <pctVal>0.746660458222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="32525081.75000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jazz Pharmaceuticals plc</name>
        <lei>635400GAUMJCLEZRRV50</lei>
        <title>Jazz Pharmaceuticals plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00B4Q5ZN47"/>
          <other otherDesc="Inhouse Asset ID" value="514264"/>
        </identifiers>
        <balance>192521.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48680860.06000000</valUSD>
        <pctVal>1.117539797699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Linde plc</name>
        <lei>5299003QR1WT0EF88V51</lei>
        <title>Linde plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE000S9YS762"/>
          <other otherDesc="Inhouse Asset ID" value="1239901"/>
        </identifiers>
        <balance>80837.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38670804.06000000</valUSD>
        <pctVal>0.887744433702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>nVent Electric plc</name>
        <lei>N/A</lei>
        <title>nVent Electric plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BDVJJQ56"/>
          <other otherDesc="Inhouse Asset ID" value="871541"/>
        </identifiers>
        <balance>203763.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31344862.29000000</valUSD>
        <pctVal>0.719566807556</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Seagate Technology Holdings plc</name>
        <lei>635400RUXIFEZSRU8X70</lei>
        <title>Seagate Technology Holdings plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BKVD2N49"/>
          <other otherDesc="Inhouse Asset ID" value="1147692"/>
        </identifiers>
        <balance>23011.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19700407.43000000</valUSD>
        <pctVal>0.452251445574</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trane Technologies plc</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>Trane Technologies plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BK9ZQ967"/>
          <other otherDesc="Inhouse Asset ID" value="226223"/>
        </identifiers>
        <balance>110655.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50342492.25000000</valUSD>
        <pctVal>1.155684976301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canva Australia Holdings Pty. Ltd.</name>
        <lei>N/A</lei>
        <title>Canva Australia Holdings Pty. Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1339239"/>
        </identifiers>
        <balance>3094.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5345415.73000000</valUSD>
        <pctVal>0.122711776377</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortinet, Inc.</name>
        <lei>549300O0QJWDBAS0QX03</lei>
        <title>Fortinet, Inc., Escrow Account</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Asset ID" value="1382514"/>
        </identifiers>
        <balance>810440.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>0.81000000</valUSD>
        <pctVal>0.000000018594</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Strategic Series</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
