<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

France

United Kingdom

Canada

Japan

Switzerland

Netherlands

Germany

Other countries

Unclassified

Bond - Corporate Bond

Bond - Gov't Agency Pass-Thru

Bond - Gov't/Treasury

Healthcare

Energy

Consumer Defensive

Utilities

Industrials

Basic Materials

Financial Services

Communication Services

Technology

Bond - Gov't Agency Debt

Bond - Undefined

Consumer Cyclical

Bond - Asset Backed

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

Exxon Mobil Corp

PepsiCo Inc

Chevron Corp

Procter & Gamble Co

Johnson & Johnson

Merck & Co Inc

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

Southern Co

Federal Home Loan Mortgage Corp. 5% (2054-11-01 Maturity)