<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

2023

2022

2021

2020

2019

FixedIncome

Equity

Other

United States

Canada

Japan

Switzerland

France

United Kingdom

Netherlands

Other countries

Unclassified

Bond - Corporate Bond

Bond - Gov't/Treasury

Bond - Undefined

Healthcare

Energy

Bond - Gov't Agency Debt

Industrials

Consumer Defensive

Utilities

Bond - Gov't Agency Pass-Thru

Financial Services

Basic Materials

Communication Services

Technology

Consumer Cyclical

Bond - Asset Backed

Federal Home Loan Banks 0% (2024-11-01 Maturity)

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

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

Chevron Corp

Johnson & Johnson

Procter & Gamble Co

PepsiCo Inc

United States Treasury Notes 3.875% (2034-08-15 Maturity)

Exxon Mobil Corp

United States Treasury Bonds 4.125% (2053-08-15 Maturity)