<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

United States

Canada

France

Japan

United Kingdom

Netherlands

Switzerland

Germany

Other countries

Unclassified

Bond - Corporate Bond

Healthcare

Bond - Gov't/Treasury

Bond - Gov't Agency Pass-Thru

Energy

Consumer Defensive

Industrials

Technology

Utilities

Basic Materials

Bond - Gov't Agency Debt

Financial Services

Consumer Cyclical

Communication Services

Bond - Asset Backed

United States Treasury Notes

Community Health Systems Incorporated

Federal Home Loan Mortgage Corp.

Mizuho Markets Cayman LP

Merrill Lynch B.V.

United States Treasury Bonds

Exxon Mobil Corp

BNP Paribas Issuance BV

Citigroup Global Mkts Hldgs In Pfd

Federal Home Loan Banks