The Fund aims to earn income and, secondarily, to increase the value of its investments over the medium to long term.

Franklin Templeton International Services S.à r.l.

Franklin Advisers, Inc.

USD Moderate Allocation

Morningstar EAA USD Mod Tgt Alloc NR USD

Allocation

MSCI USA High Dividend Yield NR USD

Bloomberg High Yield Very Liquid TR USD

Bloomberg US Agg Bond TR USD

Franklin Income A (Mdis) HKD

Franklin Income A(Mdis)USD

2024

2023

2022

2021

2020

FixedIncome

Equity

Other

CashEquivalents

United States

Canada

France

United Kingdom

Japan

Switzerland

Other countries

Unclassified

Bond - Corporate Bond

Bond - Gov't Agency Pass-Thru

Healthcare

Bond - Gov't/Treasury

Energy

Consumer Defensive

Utilities

Basic Materials

Bond - Gov't Agency Debt

Industrials

Technology

Communication Services

Financial Services

Consumer Cyclical

Structured Product

Bond - Capital Contingent Debt

Bond - Asset Backed

Community Health Systems Incorporated

Merrill Lynch B.V.

United States Treasury Notes

Government National Mortgage Association

Federal Home Loan Mortgage Corp.

Mizuho Markets Cayman LP

Barclays Bk Pfd

Wells Fargo Bank, National Association

United States Treasury Bonds

Citigroup Global Markets Holdings Inc.