<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.

Other Allocation

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)SGD-H1

Franklin Income A(Mdis)USD

2024

2023

2022

2021

2020

FixedIncome

Equity

Other

CashEquivalents

United States

Canada

France

Japan

United Kingdom

Netherlands

Switzerland

Other countries

Unclassified

Bond - Corporate Bond

Bond - Gov't/Treasury

Healthcare

Consumer Defensive

Bond - Gov't Agency Pass-Thru

Energy

Industrials

Utilities

Financial Services

Bond - Gov't Agency Debt

Basic Materials

Technology

Communication Services

Consumer Cyclical

Bond - Undefined

Bond - Asset Backed

United States Treasury Notes

Federal Home Loan Mortgage Corp.

Mizuho Markets Cayman LP

BNP Paribas Issuance BV

United States Treasury Bonds

Merrill Lynch B.V.

Citigroup Global Mkts Hldgs In Pfd

Community Health Systems Incorporated

Federal Home Loan Banks

Royal Bank of Canada