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

2023

2022

2021

2020

2019

FixedIncome

Equity

Other

CashEquivalents

United States

Canada

Japan

France

Switzerland

United Kingdom

Other countries

Unclassified

Bond - Corporate Bond

Bond - Gov't/Treasury

Bond - Undefined

Healthcare

Energy

Industrials

Utilities

Consumer Defensive

Financial Services

Bond - Gov't Agency Pass-Thru

Bond - Gov't Agency Debt

Basic Materials

Consumer Cyclical

Communication Services

Technology

Bond - Asset Backed

United States Treasury Notes 4.5% (2033-11-15 Maturity)

United States Treasury Notes 3.5% (2026-09-30 Maturity)

Johnson & Johnson

Chevron Corp

Federal Home Loan Banks 0% (2024-10-01 Maturity)

Exxon Mobil Corp

PepsiCo Inc

United States Treasury Bonds 4.125% (2053-08-15 Maturity)

United States Treasury Notes 5% (2025-10-31 Maturity)

Community Health Systems Incorporated 10.875% (2032-01-15 Maturity)