<p><span style="font-size: 8pt;font-family: Arial;">The Fund aims to earn income and, secondarily, to increase the value of its investments over the medium to long term.</span>&nbsp;</p>


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)USD

2024

2023

2022

2021

2020

FixedIncome

Equity

Other

CashEquivalents

United States

Canada

France

Switzerland

Japan

Netherlands

United Kingdom

Other countries

Unclassified

Bond - Corporate Bond

Healthcare

Bond - Gov't/Treasury

Bond - Gov't Agency Pass-Thru

Consumer Defensive

Energy

Industrials

Utilities

Technology

Financial Services

Basic Materials

Communication Services

Consumer Cyclical

Bond - Asset Backed

Bond - Gov't Agency Debt

United States Treasury Notes

Federal Home Loan Mortgage Corp.

Mizuho Markets Cayman LP

BNP Paribas Issuance BV

United States Treasury Bonds

Community Health Systems Incorporated

Merrill Lynch B.V.

Citigroup Global Mkts Hldgs In Pfd

Exxon Mobil Corp

Royal Bank of Canada