<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

Equity

FixedIncome

United States

Unclassified

Bond - Gov't/Treasury

Bond - Gov't Agency Debt

Consumer Defensive

Healthcare

Energy

Bond - Gov't Agency Pass-Thru

Industrials

Federal Home Loan Banks 0% (2025-01-02 Maturity)

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

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

Chevron Corp

PepsiCo Inc

Johnson & Johnson

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

Procter & Gamble Co

Merck & Co Inc

Lockheed Martin Corp