<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

Healthcare

Bond - Gov't/Treasury

Energy

Consumer Defensive

Utilities

United States Treasury Notes

Exxon Mobil Corp

Chevron Corp

Procter & Gamble Co

Johnson & Johnson

Southern Co

PepsiCo Inc

AbbVie Inc

Merck & Co Inc