A GUIDE TO FRANKLIN TEMPLETON CANADA’S ETFs, FUNDS...
Transcript of A GUIDE TO FRANKLIN TEMPLETON CANADA’S ETFs, FUNDS...
A GUIDE TO FRANKLIN TEMPLETON CANADA’S ETFs, FUNDS AND PORTFOLIOS
July 2020
ADVISOR MONTHLY
How can I limit documentation sent between us?Wherever possible, use Fundserv for order entry and trade settlement. This eliminates the need for you to send us trade documents and ensures money movement is digital. Don’t forget you can send us banking info and systematic plan set-ups via Fundserv as well. We’re also set up on messageserv.
Can I email you documents?Check with your dealer first. They need to establish a secure TLS connection with us. Once this is done, you can email trade docs securely to [email protected].
• Emails should be 4MB or less.• All instructions should be relayed in the attached
documents, not in the body of the email. • Attachments should be PDF.• Email us from your dealer domain, not your
personal one (Gmail, Hotmail, etc.)
Are you sending cheques?We are doing everything possible to avoid sending cheques and we encourage you to do the same. We feel this is prudent because of mail delivery delays and safety concerns with paperwork in circulation.It’s best to send us client bank information so money can move electronically. Even if you’re not planning a trade, we’ll keep it on file for future transactions. One-time PACs can also run to make your client’s investments.
Are you waiving client signing requirements?Yes—if your dealer has completed an agreement with us permitting this. If you’re interested, please have your head office contact our Dealer Services team—[email protected].
Are you waiving signature guarantee requirements?We’ll accept head office authorization in lieu of a signature guarantee.
Do you accept e-signature?Absolutely! If you have an e-signature, please use it. Note that e-signed documents don’t need to be signature guaranteed. Please refer to the Fundserv guidelines on e-signatures.
How are you handling RRIF payments?CRA has provided guidance allowing investors to take a reduced minimum payment for the year. Clients and advisors should let us know their preferences. Investors can take their original minimum, their new minimum, or any amount in between. Unless we receive updated instructions, we’ll apply payment instructions already on file for the 2020 year.
How can I get statements and tax slips online?Register for online access so you can view account history, statements, and tax slips, without having us mail you duplicate copies later. Please encourage your clients to register online and setup e-Delivery. We will be doing reach outs in the coming months to remind clients of self-service options to help them stay safe and stay digital.
What if I have further questions on the above or an additional item to discuss?Chat with us online or call us at 1-800-387-0830between 8am and 8pm ET, we’re here to help!
OUR PLANS TO KEEP OUR CLIENTS SAFE
COVID-19 has brought on a lot of changes and more opportunities to do business electronically. To help you keep track, here are some of the questions we’ve answered to help you stay digital.
Q&
* Please refer to the Fund’s page for additional information on mergers.† As of June 10, 2019, Franklin Bissett Canadian Short Term Bond Fund was renamed to Franklin Bissett Short Duration Bond Fund.
Beginning in January 2017, investors switching between Corporate Class funds will trigger a capital gain or loss at the time of the switch due to certain changes in the income tax laws made by the federal government in 2016. Series I and V closed to new investors as of November 22, 2016.
TABLE OF CONTENTS FRANKLIN QUOTENTIAL
Franklin Quotential Diversified Income Portfolio 01
Franklin Quotential Balanced Income Portfolio 02
Franklin Quotential Balanced Growth Portfolio 03
Franklin Quotential Growth Portfolio 04
Franklin Quotential Diversified Equity Portfolio 05
CANADIAN BALANCEDFranklin Bissett Canadian Balanced Fund 25
Franklin Bissett Dividend Income Fund 33
Franklin Bissett Monthly Income and Growth Fund 34
GLOBAL BALANCEDTempleton Global Balanced Fund 08
Franklin U.S. Monthly Income Fund 19
Franklin U.S. Monthly Income Hedged Corporate Class 20
CANADIAN EQUITYFranklin ActiveQuant Canadian Fund 36
Franklin Bissett Canada Plus Equity Fund 24
Franklin Bissett Canadian Equity Fund 28
Franklin Bissett Small Cap Fund 35
CANADIAN DIVIDENDFranklin Bissett Canadian Dividend Fund* 27
U.S. EQUITYFranklin U.S. Opportunities Fund 21
Franklin ActiveQuant U.S. Fund 37
Franklin U.S. Rising Dividends Fund 22
Franklin U.S. Rising Dividends Hedged Corporate Class 23
GLOBAL AND INTERNATIONAL EQUITYFranklin Global Growth Fund 15
Franklin Mutual Global Discovery Fund 38
Templeton EAFE Developed Markets Fund 06
Templeton Global Smaller Companies Fund 11
Templeton Growth Fund, Ltd. 12
Templeton International Stock Fund 13
EMERGING MARKETS EQUITYTempleton Emerging Markets Fund 07
CANADIAN FIXED INCOMEFranklin Bissett Canadian Bond Fund 26
Franklin Bissett Canadian Government Bond Fund 29
Franklin Bissett Short Duration Bond Fund† 30
Franklin Bissett Core Plus Bond Fund 31
Franklin Bissett Corporate Bond Fund 32
GLOBAL FIXED INCOMEFranklin Global Aggregate Bond Fund 14
Franklin High Income Fund 16
Franklin Strategic Income Fund 17
Templeton Global Bond Fund 09
Templeton Global Bond Fund (Hedged) 10
MONEY MARKET FUNDS 39
MULTI-ASSETFranklin Conservative Income ETF Portfolio 41
Franklin Core ETF Portfolio 42
Franklin Growth ETF Portfolio 43
FRANKLIN LIBERTYSHARES® ETFsFranklin FTSE Canada All Cap Index ETF 45
Franklin FTSE Europe ex.-U.K. Index ETF 47
Franklin FTSE Japan Index ETF 49
Franklin FTSE U.S. Index ETF 51
Franklin Liberty Canadian Investment Grade Corporate ETF 53
Franklin Liberty Core Balanced ETF 55
Franklin Liberty Core Plus Bond ETF 57
Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) 59
Franklin Liberty Risk Managed Canadian Equity ETF 61
Franklin Liberty Senior Loan ETF (CAD-Hedged) 63
Franklin Liberty Short Duration Bond ETF 65Franklin Liberty U.S. Investment Grade Corporate ETF (CAD-Hedged)
67
Franklin LibertyQT Emerging Markets Index ETF 69
Franklin LibertyQT Global Dividend Index ETF 71
Franklin LibertyQT International Equity Index ETF 73
Franklin LibertyQT U.S. Equity Index ETF 75
PRIVATE WEALTH POOLSFT Balanced Growth Private Wealth Pool 78
FT Balanced Income Private Wealth Pool 79
FT Growth Private Wealth Pool 80
ALTERNATIVE STRATEGIESFranklin K2 Alternatives Fund 82
FUND CODES 83
FUND TRAILER FEES 89
FUND RISK RATINGS 90
MORNINGSTAR RATINGS 91
PORTFOLIO AND FUND PERFORMANCE 92
REGIONAL SALES CONTACTS 97
1 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Quotential Diversified Income PortfolioAs of February 1, 2017, all U.S.-dollar denominated series of this fund are closed to new investors.
Franklin QuotentialFranklin Templeton Multi-Asset Solutions* June 30, 2020
Fund Overview
Total Net Assets $1,691,425,2161
Inception Date Series T: 02/17/2003
Series F: 06/26/2008
Number of Holdings 16
Morningstar Category TM Global Fixed IncomeBalanced
Benchmark Custom FranklinQuotential DiversifiedIncome Benchmark2
Investment Objective & StrategyHigh current income and some long-term capital appreciationby investing primarily in a diversified mix of income and bondmutual funds.
Fund Management
Ian M. Riach 34 Years, Toronto, Canada
Michael Greenberg 17 Years, Toronto, Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Fixed Income 76.03
Equity 23.30
Cash & Cash Equivalents 0.67
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML3250 TML3861 TML1022 TML3515Series A DSC TML3252 TML3863 TML1024 TML3517Series A Low Load TML3251 TML3862 TML1023 TML3516Series F TML3253 TML3864 TML1025 TML3518Series F ADM TML5008 TML5032 TML5146 TML5169Series FT TML227 TML3174Series FT ADM TML5049 TML5211Series I (Closed to newinvestors)
TML267 TML3865 TML1026 TML3519
Series O TML170 TML3866 TML1027 TML3520Series OT TML3951 TML3173Series PA Front TML5457 TML5460 TML5445 TML5448Series PA DSC TML5459 TML5462 TML5447 TML5450Series PA Low Load TML5458 TML5461 TML5446 TML5449Series PF TML3877 TML3878 TML3725 TML3726Series PF ADM TML5076 TML5103 TML5187 TML5202Series PFT TML3900 TML3772Series PFT ADM TML5125 TML5217Series PT Front TML5463 TML5451 TML5454Series PT DSC TML5465 TML5453 TML5456Series PT Low Load TML5464 TML5452 TML5455Series T Front TML384 TML3170 TML3595Series T DSC TML385 TML3172 TML3597Series T Low Load TML386 TML3171 TML3596Series V (Closed to newinvestors)
TML3770
1 Inclusive of trust and corporate class versions where applicable.2 Custom Franklin Quotential Diversified Income Benchmark is a blended index
currently composed of the MSCI AC World Index-NR (15%), S&P/TSX Composite Index(5%), FTSE Canada Universe Bond Index (55%), and Bloomberg Barclays MultiverseIndex (100% Hedged into CAD) (25%).
3 Target distributions are not guaranteed and may change at the discretion of FranklinTempleton. The fund may also pay capital gains in December if required.
4 Please see detailed definitions at www.franklintempleton.ca/define.
MAXIMUM DIVERSIFICATION FOR INCOME GENERATION• An income solution for all market conditions. With 18 different income sources, the Portfolio is a well-diversified
solution for investors seeking a reliable income stream.• Exposure to domestic and global bonds. This Portfolio offers investors extensive diversification to weather interest rate
movements and take advantage of pricing and yield differentials between government and corporate bond issuers.
PerformanceCalendar Year Returns in Canadian Dollars (%)
8.8
3.3
6.6 5.9 5.43.1
1.83.5
-2.6
7.39.8
4.3
7.7 6.8 6.6
3.9 2.94.5
-1.8
8.3
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series T Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series T 2.90 1.30 7.77 2.90 3.63 2.79 2.46 4.23 4.57
Series F‡ 3.40 1.38 8.02 3.40 4.60 3.80 3.42 5.21 5.20^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Franklin Bissett Core Plus Bond Fund 27.97
Franklin Bissett Canadian Government Bond Fund 21.79
Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) 9.30
Franklin Bissett Short Duration Bond Fund 7.70
Templeton Global Bond Fund 4.76
Franklin U.S. Core Equity Fund 4.53
Franklin Strategic Income Fund 4.51
Franklin FTSE U.S. Index ETF 2.38
Franklin Emerging Market Core Equity Fund 2.33
Franklin International Core Equity Fund 2.28
Fund FactsPrice per Unit (Series T) $3.05
Portfolio Turnover Rate(12/31/2019)
40.73%
MER (12/31/2019 incl. HST) T: 1.96%F: 1.04%
Management Fee T: 1.65%F: 0.90%
Monthly Distribution Series T 5% target annualdistribution3,4
Composition of FundGeographic Weightings (% of Total)
Canada 63.22United States 10.68EAFE 4.53Emerging Markets 2.33Others 18.57Cash & Cash Equivalents 0.67
Series T Distribution HistoryDate Price Distr. Date Price Distr.08/30/2019 $3.22 $0.01 01/31/2020 $3.08 $0.01
09/30/2019 $3.20 $0.01 02/28/2020 $3.04 $0.01
10/31/2019 $3.18 $0.01 03/31/2020 $2.86 $0.01
11/29/2019 $3.19 $0.01 04/30/2020 $2.99 $0.01
12/27/2019 $3.18 $0.01 05/29/2020 $3.02 $0.01
12/31/2019 $3.04 $0.13 06/30/2020 $3.05 $0.01
Did you know? Flexible Series T units of this Portfolio pay monthly Return of Capital distributions of 0-5% of the final NAV of the previous year and split into 12monthly installments. 5% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton.
3250 FFE 0620
REPLAY LINK
Webinar: Market vs Economy Discloation
Webinar featuring two senior leaders from Franklin Templeton Multi-Asset Solutions. Portfolio managers Ian Riach and Mike Greenberg will join moderator Kerry Dunn to share their perspectives on the dislocation between the global economy and markets.
franklintempleton.ca 2Dealer Use Only / Not for Distribution to the Public
Franklin Quotential Balanced Income PortfolioAs of February 1, 2017, all U.S.-dollar denominated series, with the exception of Series T-USD, are closed to new investors.
Franklin QuotentialFranklin Templeton Multi-Asset Solutions* June 30, 2020
Fund Overview
Total Net Assets $1,093,305,7111
Inception Date Series A: 08/19/2002
Series F: 08/19/2002
Number of Holdings 19
Morningstar Category TM Global Fixed IncomeBalanced
Benchmark Custom FranklinQuotential BalancedIncome Benchmark2
Investment Objective & StrategyA balance of current income and long-term capitalappreciation by investing in a diversified mix of equity andincome mutual funds, with a bias towards income.
Fund Management
Ian M. Riach 34 Years, Toronto, Canada
Michael Greenberg 17 Years, Toronto, Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Fixed Income 56.90
Equity 42.10
Cash & Cash Equivalents 1.00
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML656 TML3700 TML1028 TML3706Series A DSC TML657 TML3702 TML1030 TML3708Series A Low Load TML640 TML3701 TML1029 TML3707Series F TML670 TML3703 TML1031 TML3709Series F ADM TML5006 TML5030 TML5145 TML5168Series FT TML5502 TML3179Series FT ADM TML5048 TML5210Series I (Closed to newinvestors)
TML677 TML3704 TML3365 TML3710
Series O TML683 TML3705 TML1033 TML3711Series OT TML3068 TML3178Series PA Front TML5412 TML5415 TML5403 TML5406Series PA DSC TML5414 TML5417 TML5405 TML5408Series PA Low Load TML5413 TML5416 TML5404 TML5407Series PF TML3873 TML3874 TML3784 TML3785Series PF ADM TML5074 TML5101 TML5186 TML5201Series PFT TML3898Series PFT ADM TML5123Series PT Front TML5418 TML5409Series PT DSC TML5420 TML5411Series PT Low Load TML5419 TML5410Series T Front TML690 TML3175Series T DSC TML691 TML3177Series T Low Load TML641 TML3176Series V (Closed to newinvestors)
TML3776
1 Inclusive of trust and corporate class versions where applicable.2 Custom Franklin Quotential Balanced Income Benchmark is a blended index currently
composed of the MSCI AC World Index-NR (30%), S&P/TSX Composite Index (10%),FTSE Canada Universe Bond Index (40%), and Bloomberg Barclays Multiverse Index(100% Hedged into CAD) (20%).
3 Target distributions are not guaranteed and may change at the discretion of FranklinTempleton. The fund may also pay capital gains in December if required.
FOR CONSERVATIVE INVESTORS SEEKING PRESERVATION OF CAPITAL• A balanced approach to investing. Franklin Quotential Balanced Income Portfolio is conservatively managed with a
significant weighting in fixed income investments, plus exposure to the growth potential of equities. This combination canhelp minimize the effects of being fully diversified in the equity market, with the potential for long-term capitalappreciation.
• Two-prong global exposure. In addition to its strong Canadian balanced holdings, this Portfolio provides the developedand emerging market global gateway that can take advantage of ever-changing regional opportunities.
PerformanceCalendar Year Returns in Canadian Dollars (%)
8.6
-1.4
5.8
10.06.9
4.71.9
4.7
-3.9
9.09.8
-0.4
7.1
11.28.1
5.83.1
6.0
-2.9
10.2
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A 1.34 1.32 9.41 1.34 3.02 2.74 2.39 4.66 4.49
Series F‡ 1.90 1.42 9.72 1.90 4.16 3.88 3.53 5.84 5.64^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Franklin Bissett Core Plus Bond Fund 22.22
Franklin Bissett Canadian Government Bond Fund 15.03
Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) 9.61
Franklin Bissett Short Duration Bond Fund 5.77
Franklin U.S. Core Equity Fund 5.74
Franklin FTSE U.S. Index ETF 4.35
Templeton Global Bond Fund 4.26
Franklin FTSE Canada All Cap Index ETF 3.96
Franklin Bissett Canadian Equity Fund 3.86
Franklin U.S. Rising Dividends Fund 3.48
Fund FactsPrice per Unit (Series A) $7.18
Portfolio Turnover Rate(12/31/2019)
43.41%
MER (12/31/2019 incl. HST) A: 2.11%F: 1.00%
Management Fee A: 1.75%F: 0.75%
Monthly Distribution Series T 6% target annualdistribution3
Composition of FundGeographic Weightings (% of Total)
Canada 53.73United States 19.42EAFE 7.79Emerging Markets 4.19Others 13.87Cash & Cash Equivalents 1.00
Did you know? Flexible Series T units of this Portfolio pay monthly Return of Capital distributions of 0-6% of the final NAV of the previous year and split into 12monthly installments. 6% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton.
656 FFE 0620
REPLAY LINK
Webinar: Market vs Economy Discloation
Webinar featuring two senior leaders from Franklin Templeton Multi-Asset Solutions. Portfolio managers Ian Riach and Mike Greenberg will join moderator Kerry Dunn to share their perspectives on the dislocation between the global economy and markets.
3 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Quotential Balanced Growth PortfolioAs of February 1, 2017, all U.S.-dollar denominated series, with the exception of Series T-USD, are closed to new investors.
Franklin QuotentialFranklin Templeton Multi-Asset Solutions* June 30, 2020
Fund Overview
Total Net Assets $2,339,274,0721
Inception Date Series A: 08/19/2002
Series F: 08/19/2002
Number of Holdings 19
Morningstar Category TM Global Neutral Balanced
Benchmark Custom FranklinQuotential BalancedGrowth Benchmark2
Investment Objective & StrategyA balance of current income and long-term capitalappreciation by investing in a diversified mix of equity andincome mutual funds, with a bias towards capital appreciation.
Fund Management
Ian M. Riach 34 Years, Toronto, Canada
Michael Greenberg 17 Years, Toronto, Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 62.28
Fixed Income 36.89
Cash & Cash Equivalents 0.82
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML658 TML3852 TML1034 TML3842Series A DSC TML659 TML3854 TML1036 TML3844Series A Low Load TML642 TML3853 TML1035 TML3843Series F TML671 TML3855 TML1037 TML3845Series F ADM TML5005 TML5029 TML5144 TML5167Series FT TML5501 TML3184Series FT ADM TML5047 TML5209Series I (Closed to newinvestors)
TML678 TML3856 TML3364 TML3846
Series O TML685 TML3857 TML1039 TML3848Series OT TML3069 TML3183Series PA Front TML5394 TML5397 TML5385 TML5388Series PA DSC TML5396 TML5399 TML5387 TML5390Series PA Low Load TML5395 TML5398 TML5386 TML5389Series PF TML3871 TML3872 TML3753 TML3847Series PF ADM TML5073 TML5100 TML5185 TML5200Series PFT TML3923Series PFT ADM TML5122Series PT Front TML5400 TML5391Series PT DSC TML5402 TML5393Series PT Low Load TML5401 TML5392Series T Front TML692 TML3180Series T DSC TML693 TML3182Series T Low Load TML643 TML3181Series V (Closed to newinvestors)
TML3774
1 Inclusive of trust and corporate class versions where applicable.2 Custom Franklin Quotential Balanced Growth Benchmark is a blended index currently
composed of the MSCI AC World Index-NR (45%), S&P/TSX Composite Index (15%),FTSE Canada Universe Bond Index (28%), and Bloomberg Barclays Multiverse Index(100% Hedged into CAD) (12%).
3 Based on AUM.4 Target distributions are not guaranteed and may change at the discretion of Franklin
Templeton. The fund may also pay capital gains in December if required.
FOR INVESTORS SEEKING A SMART, SECURE ASSET MIX TO STEADILY GROW CAPITAL• A balance of growth and income. Franklin Quotential Balanced Growth Portfolio offers a balanced approach to
investing by combining a solid foundation of fixed income investments with a significant weighting in equities. Thisattractive balance helps make it our most popular Franklin Quotential Portfolio.3
• Two-prong global exposure. In addition to its strong Canadian balanced holdings, this Portfolio provides the developedand emerging market global gateway that can take advantage of ever-changing regional opportunities.
PerformanceCalendar Year Returns in Canadian Dollars (%)
9.6
-4.5
6.4
14.9
7.4 5.22.2
6.2
-5.5
11.311.0
-3.5
7.5
16.3
8.56.3
3.57.4
-4.4
12.6
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -0.25 1.34 11.13 -0.25 2.52 2.76 2.39 5.29 4.74
Series F‡ 0.30 1.43 11.43 0.30 3.65 3.89 3.53 6.46 5.89^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Franklin Bissett Core Plus Bond Fund 14.41
Franklin Bissett Canadian Government Bond Fund 9.74
Franklin U.S. Core Equity Fund 8.50
Franklin FTSE U.S. Index ETF 6.46
Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) 6.24
Franklin FTSE Canada All Cap Index ETF 5.81
Franklin Bissett Canadian Equity Fund 5.67
Franklin U.S. Rising Dividends Fund 5.15
Franklin U.S. Opportunities Fund 5.03
Franklin International Core Equity Fund 4.88
Fund FactsPrice per Unit (Series A) $8.16
Portfolio Turnover Rate(12/31/2019)
55.84%
MER (12/31/2019 incl. HST) A: 2.31%F: 1.22%
Management Fee A: 1.90%F: 0.90%
Monthly Distribution Series T 8% target annualdistribution4
Composition of FundGeographic Weightings (% of Total)
Canada 43.59United States 28.77EAFE 11.54Emerging Markets 6.28Others 8.99Cash & Cash Equivalents 0.82
Did you know? Flexible Series T units of this Portfolio pay monthly Return of Capital distributions of 0-8% of the final NAV of the previous year and split into 12monthly installments. 8% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton.
658 FFE 0620
REPLAY LINK
Webinar: Market vs Economy Discloation
Webinar featuring two senior leaders from Franklin Templeton Multi-Asset Solutions. Portfolio managers Ian Riach and Mike Greenberg will join moderator Kerry Dunn to share their perspectives on the dislocation between the global economy and markets.
franklintempleton.ca 4Dealer Use Only / Not for Distribution to the Public
Franklin Quotential Growth PortfolioAs of February 1, 2017, all U.S.-dollar denominated series, with the exception of Series T-USD, are closed to new investors.
Franklin QuotentialFranklin Templeton Multi-Asset Solutions* June 30, 2020
Fund Overview
Total Net Assets $530,233,1161
Inception Date Series A: 08/19/2002
Series F: 08/19/2002
Number of Holdings 19
Morningstar Category TM Global Equity Balanced
Benchmark Custom FranklinQuotential Growth
Benchmark2
Investment Objective & StrategyLong-term capital appreciation by investing primarily in adiversified mix of equity mutual funds, with additional stabilityderived from investing in income mutual funds.
Fund Management
Ian M. Riach 34 Years, Toronto, Canada
Michael Greenberg 17 Years, Toronto, Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 82.16
Fixed Income 16.68
Cash & Cash Equivalents 1.16
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML660 TML662 TML1040 TML1046Series A DSC TML661 TML663 TML1042 TML1048Series A Low Load TML645 TML644 TML1041 TML1047Series F TML672 TML673 TML1043 TML1049Series F ADM TML5010 TML5034 TML5148 TML5171Series FT TML3189Series FT ADM TML5213Series I (Closed to newinvestors)
TML679 TML680 TML3372 TML3373
Series O TML686 TML687 TML1045 TML1051Series OT TML3071Series PA Front TML5481 TML5484 TML5472 TML5475Series PA DSC TML5483 TML5486 TML5474 TML5477Series PA Low Load TML5482 TML5485 TML5473 TML5476Series PF TML3879 TML3880 TML3799 TML3800Series PF ADM TML5078 TML5105 TML5189 TML5204Series PFT TML3901Series PFT ADM TML5126Series PT Front TML5487 TML5478Series PT DSC TML5489 TML5480Series PT Low Load TML5488 TML5479Series T Front TML3053 TML3185Series T DSC TML3055 TML3187Series T Low Load TML3054 TML3186
1 Inclusive of trust and corporate class versions where applicable.2 Custom Franklin Quotential Growth Benchmark is a blended index currently composed
of the MSCI AC World Index-NR (60%), S&P/TSX Composite Index (20%), FTSECanada Universe Bond Index (14%), and Bloomberg Barclays Multiverse Index (100%Hedged into CAD) (6%).
3 Target distributions are not guaranteed and may change at the discretion of FranklinTempleton. The fund may also pay capital gains in December if required.
MEDIUM- TO LONG-TERM GROWTH POTENTIAL WITH LESS RISK• Enhanced return potential. By investing in U.S., global and international equities, the Portfolio provides broad exposure
to a wide range of important capital markets, helping to increase return potential.• Long-term growth potential. With an 80% equity weighting and a 20% income weighting range, the Portfolio is
designed for growth-oriented investors who want to maintain some income exposure for additional stability anddiversification.
PerformanceCalendar Year Returns in Canadian Dollars (%)
9.8
-7.6
7.6
19.5
7.6 6.62.1
7.5
-6.8
13.810.9
-6.5
8.7
20.7
8.9 7.83.2
8.7
-5.9
15.1
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -1.90 1.36 12.79 -1.90 1.96 2.76 2.39 5.86 4.40
Series F‡ -1.37 1.45 13.09 -1.37 3.08 3.90 3.55 7.04 5.54^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Franklin U.S. Core Equity Fund 11.20
Franklin FTSE U.S. Index ETF 8.52
Franklin FTSE Canada All Cap Index ETF 7.63
Franklin Bissett Canadian Equity Fund 7.45
Franklin U.S. Rising Dividends Fund 6.78
Franklin U.S. Opportunities Fund 6.65
Franklin Bissett Core Plus Bond Fund 6.50
Franklin International Core Equity Fund 6.43
iShares Core MSCI EAFE ETF 6.21
Franklin Canadian Core Equity Fund 5.53
Fund FactsPrice per Unit (Series A) $7.72
Portfolio Turnover Rate(12/31/2019)
75.15%
MER (12/31/2019 incl. HST) A: 2.43%F: 1.35%
Management Fee A: 2.00%F: 1.00%
Monthly Distribution Series T 8% target annualdistribution3
Composition of FundGeographic Weightings (% of Total)
United States 37.95Canada 33.20EAFE 15.25Emerging Markets 8.36Others 4.08Cash & Cash Equivalents 1.16
Did you know? Flexible Series T units of this Portfolio pay monthly Return of Capital distributions of 0-8% of the final NAV of the previous year and split into 12monthly installments. 8% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton.
660 FFE 0620
REPLAY LINK
Webinar: Market vs Economy Discloation
Webinar featuring two senior leaders from Franklin Templeton Multi-Asset Solutions. Portfolio managers Ian Riach and Mike Greenberg will join moderator Kerry Dunn to share their perspectives on the dislocation between the global economy and markets.
5 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Quotential Diversified Equity PortfolioAs of February 1, 2017, all U.S.-dollar denominated series, with the exception of Series T-USD, are closed to new investors.
Franklin QuotentialFranklin Templeton Multi-Asset Solutions* June 30, 2020
Fund Overview
Total Net Assets $324,129,4541
Inception Date Series A: 06/09/2003
Series F: 06/09/2003
Number of Holdings 13
Morningstar Category TM Global Equity
Benchmark MSCI All Country WorldIndex-NR
Investment Objective & StrategyLong-term capital appreciation by investing primarily in adiversified mix of equity mutual funds.
Fund Management
Ian M. Riach 34 Years, Toronto, Canada
Michael Greenberg 17 Years, Toronto, Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 99.28
Cash & Cash Equivalents 0.72
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML255 TML324 TML1052 TML1058Series A DSC TML823 TML824 TML1054 TML1060Series A Low Load TML821 TML822 TML1053 TML1059Series F TML844 TML855 TML1055 TML1061Series F ADM TML5007 TML5031 TML5147 TML5170Series FT TML3199Series FT ADM TML5212Series I (Closed to newinvestors)
TML856 TML857 TML1056 TML1062
Series O TML858 TML859 TML1057 TML1063Series OT TML3070 TML3198Series PA Front TML5433 TML5436 TML5421 TML5424Series PA DSC TML5435 TML5438 TML5423 TML5426Series PA Low Load TML5434 TML5437 TML5422 TML5425Series PF TML3875 TML3876 TML3801 TML3802Series PF ADM TML5075 TML5102 TML5188 TML5203Series PFT TML3899Series PFT ADM TML5124Series PT Front TML5439 TML5442 TML5427 TML5430Series PT DSC TML5441 TML5444 TML5429 TML5432Series PT Low Load TML5440 TML5443 TML5428 TML5431Series T Front TML3050 TML3295 TML3195 TML3298Series T DSC TML3052 TML3297 TML3197 TML3300Series T Low Load TML3051 TML3296 TML3196 TML3299
1 Inclusive of trust and corporate class versions where applicable.2 Target distributions are not guaranteed and may change at the discretion of Franklin
Templeton. The fund may also pay capital gains in December if required.
GLOBAL DIVERSIFICATION WITH LONG-TERM GROWTH POTENTIAL• Global diversification. The Portfolio invests in global, international and emerging market equity funds to achieve multi-
level diversification, thereby reducing risks associated with country- and region-specific funds. The Portfolio’s extensivediversification allows investors to participate in growing markets and investment opportunities that may otherwise beoverlooked.
• Correlation identification. Franklin Quotential managers look not only at evolving opportunities but also at how they willcomplement the Portfolio’s overall composition and risk-reward profile.
PerformanceCalendar Year Returns in Canadian Dollars (%)
7.3
-8.3
10.0
28.4
7.7 9.7
0.7
9.6
-7.3
17.9
8.6
-7.3
11.1
30.0
8.9 10.9
1.7
10.9
-6.3
19.2
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -0.29 1.51 14.90 -0.29 5.58 4.65 3.58 7.71 5.49
Series F‡ 0.26 1.61 15.22 0.26 6.74 5.82 4.73 8.90 6.63^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Franklin U.S. Core Equity Fund 16.63
Franklin FTSE U.S. Index ETF 12.65
Franklin U.S. Rising Dividends Fund 10.06
Franklin International Core Equity Fund 9.98
Franklin U.S. Opportunities Fund 9.84
iShares Core MSCI EAFE ETF 9.62
Franklin LibertyQT U.S. Equity Index ETF 7.19
Franklin Global Growth Fund 5.09
iShares Core MSCI Emerging Markets ETF 4.46
Franklin Emerging Market Core Equity Fund 4.32
Fund FactsPrice per Unit (Series A) $11.85
Portfolio Turnover Rate(12/31/2019)
100.18%
MER (12/31/2019 incl. HST) A: 2.61%F: 1.52%
Management Fee A: 2.05%F: 1.05%
Monthly Distribution Series T 8% target annualdistribution2
Composition of FundGeographic Weightings (% of Total)
United States 56.37EAFE 23.66Emerging Markets 12.65Canada 1.51Others 5.09Cash & Cash Equivalents 0.72
Did you know? Flexible Series T units of this Portfolio pay monthly Return of Capital distributions of 0-8% of the final NAV of the previous year and split into 12monthly installments. 8% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton.
255 FFE 0620
REPLAY LINK
Webinar: Market vs Economy Discloation
Webinar featuring two senior leaders from Franklin Templeton Multi-Asset Solutions. Portfolio managers Ian Riach and Mike Greenberg will join moderator Kerry Dunn to share their perspectives on the dislocation between the global economy and markets.
franklintempleton.ca 6Dealer Use Only / Not for Distribution to the Public
Templeton EAFE Developed Markets Fund
Global & International EquityTempleton June 30, 2020
Fund Overview
Total Net Assets $48,400,0781
Inception Date Series A: 11/24/2000
Series F: 01/02/1994
Number of Holdings 50
Morningstar Category TM International Equity
Benchmark MSCI EAFE Index
Investment Objective & StrategyLong-term capital appreciation by investing primarily in adiversified portfolio of non-North American equities. To meetthis objective, the fund invests in high-quality companies witha value approach—primarily those in developed European andAsian countries.
Fund Management
Tina Sadler 24 Years, Toronto, Canada
Peter Moeschter 27 Years, Nassau, Bahamas
Maarten Bloemen 34 Years, Toronto, Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 90.20
Cash & Cash Equivalents 9.80
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML224 TML805Series A DSC TML307 TML905Series A Low Load TML599 TML606Series F TML237 TML837Series F ADM TML5017 TML5040Series O TML105 TML144Series PA Front TML5578 TML5581Series PA DSC TML5580 TML5583Series PA Low Load TML5579 TML5582Series PF TML3914 TML3915Series PF ADM TML5088 TML5111
1 Inclusive of trust and corporate class versions where applicable.
REASONS TO INVEST IN THIS FUND:• A good complement to any North American portfolio, for broader international diversification and greater risk-adjusted
return potential.• The fund invests in leading international companies by identifying stocks trading at attractive multiples, relative to
intrinsic value, to achieve higher returns than the broader market.
PerformanceCalendar Year Returns in Canadian Dollars (%)
-4.3-15.2
16.1
34.7
-1.4
18.9
-3.6
11.9
-11.8
5.2
-3.2
-14.2
17.2
36.6
-0.4
20.3
-2.4
13.2
-10.8
6.4
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -15.59 0.84 6.55 -15.59 -13.16 -6.69 -2.47 3.75 0.39
Series F‡ -15.10 0.94 6.86 -15.10 -12.16 -5.63 -1.32 4.97 2.85^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Bayer AG 3.24
Deutsche Telekom AG 3.18
Sanofi 3.11
E.ON SE 3.10
Roche Holding AG 2.96
Fresenius Medical Care AG & CO KGAA 2.86
Takeda Pharmaceutical Co Ltd 2.66
KDDI Corp 2.64
Novartis AG 2.58
Veolia Environnement S.A. 2.52
Fund FactsPrice per Unit (Series A) $7.04
Portfolio Turnover Rate(12/31/2019)
24.45%
MER (12/31/2019 incl. HST) A: 2.60%F: 1.46%
Management Fee A: 2.00%F: 1.00%
Composition of FundTop Country Weightings (% of Total)
Japan 30.30Germany 16.59Hong Kong 9.92United Kingdom 8.73France 8.66Switzerland 5.54Netherlands 3.13Norway 2.69Others 4.65Cash & Cash Equivalents 9.80
Top Sector Weightings (% of Total)Health Care 18.45Industrials 12.02Communication Services 9.09Materials 7.69Financials 7.06Information Technology 7.04Real Estate 6.67Consumer Discretionary 6.65Consumer Staples 6.49Utilities 5.62Energy 3.43Cash & Cash Equivalents 9.80
224 FFE 0620
7 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Templeton Emerging Markets Fund
Emerging Markets EquityTempleton June 30, 2020
Fund Overview
Total Net Assets $390,745,8751
Inception Date Series A: 09/20/1991
Series F: 11/24/2000
Number of Holdings 80
Morningstar Category TM Emerging Markets Equity
Benchmark MSCI Emerging MarketsIndex
Investment Objective & StrategyLong-term capital appreciation by investing primarily inequities of companies in emerging markets. The fund may alsoinvest in companies that trade in emerging markets, or thattrade elsewhere in the world and earn at least 50% of theirrevenue from production or sales in emerging markets.
Fund Management
Chetan Sehgal 28 Years, Singapore
Andrew Ness 25 Years, Edinburgh, UnitedKingdom
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 96.52
Cash & Cash Equivalents 3.48
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML730 TML809 TML340 TML342Series A DSC TML731 TML909 TML341 TML343Series A Low Load TML812 TML739 TML610 TML613Series F TML741 TML751 TML344 TML345Series F ADM TML5018 TML5041 TML5149 TML5172Series I (Closed to newinvestors)
TML789 TML799
Series O TML171 TML179 TML348 TML349Series PA Front TML5590 TML5593 TML5584 TML5587Series PA DSC TML5592 TML5595 TML5586 TML5589Series PA Low Load TML5591 TML5594 TML5585 TML5588Series PF TML3916 TML3917 TML3803 TML3804Series PF ADM TML5089 TML5112 TML5190 TML5205
1 Inclusive of trust and corporate class versions where applicable.
REASONS TO INVEST IN THIS FUND:• Diversification. An opportunity for investors to achieve greater portfolio diversification by investing in developing markets
and to capitalize on the strong growth potential of these economies.• Management expertise. The research team combines over 43 years of investment experience with in-depth company
research and local presence in regional offices worldwide.
PerformanceCalendar Year Returns in Canadian Dollars (%)
13.3
-19.9
12.3
-2.5
4.2
-6.9
16.8
31.8
-11.0
19.014.5
-19.1
13.5
-1.4
5.4
-5.9
18.1
33.3
-10.1
20.3
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -5.86 7.30 15.10 -5.86 2.52 4.22 6.76 4.54 5.93
Series F‡ -5.24 7.40 15.46 -5.24 3.69 5.40 7.96 5.69 6.89^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Taiwan Semiconductor Manufacturing Co Ltd 9.05
Samsung Electronics Co., Ltd. 8.74
Tencent Holdings Ltd 8.41
Alibaba Group Holding Ltd 8.22
Naver Corporation 4.62
Naspers Ltd 4.28
ICICI Bank Ltd 2.87
Unilever PLC 2.80
Brilliance China Automotive Holdings Ltd 2.57
Yandex NV 2.12
Fund FactsPrice per Unit (Series A) $11.67
Portfolio Turnover Rate(12/31/2019)
17.35%
MER (12/31/2019 incl. HST) A: 2.86%F: 1.77%
Management Fee A: 1.95%F: 0.95%
Composition of FundTop Country Weightings (% of Total)
China 31.63South Korea 18.71Taiwan 11.22Russia 7.30Brazil 7.03India 5.48South Africa 4.62United Kingdom 2.80Others 7.73Cash & Cash Equivalents 3.48
Top Sector Weightings (% of Total)Information Technology 23.75Consumer Discretionary 20.91Communication Services 20.04Financials 16.69Consumer Staples 4.53Energy 4.30Materials 3.36Industrials 2.04Health Care 0.91Cash & Cash Equivalents 3.48
730 FFE 0620
REPLAY LINK
Webinar: Emerging Markets: Tackling the Biggest Questions
Andrew Ness and Nicole Vitesse answer questions and provide the team’s outlook for emerging markets.
franklintempleton.ca 8Dealer Use Only / Not for Distribution to the Public
Templeton Global Balanced Fund
Global BalancedTempleton June 30, 2020
Fund Overview
Total Net Assets $205,657,2951
Inception Date Series T: 12/12/2005
Series F: 12/12/2005
Number of Holdings 135
Morningstar Category TM Tactical Balanced
Benchmark Blended 50% MSCI AllCountry World Index +
50% Bloomberg BarclaysMultiverse Index
Investment Objective & StrategyCurrent income while maintaining prospects for capitalappreciation by investing primarily in debt and equity securitiesissued around the world.
Fund Management
Michael Hasenstab 25 Years, California, United States
Herbert J Arnett Jr. 26 Years, Nassau, Bahamas
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)2
Equity 50.12
Fixed Income 26.40
Cash & Cash Equivalents 23.49
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML3240 TML3245Series A DSC TML3242 TML3247Series A Low Load TML3241 TML3246Series F TML2039 TML2044Series F ADM TML5019 TML5042Series FT TML3442Series FT ADM TML5051Series I (Closed to newinvestors)
TML3729 TML3730
Series O TML2040 TML2045Series OT TML3952Series PA Front TML5596 TML5599Series PA DSC TML5598 TML5601Series PA Low Load TML5597 TML5600Series PF TML3731 TML3732Series PF ADM TML5090 TML5113Series PFT TML3780Series PFT ADM TML5129Series PT Front TML5602 TML5605Series PT DSC TML5604 TML5607Series PT Low Load TML5603 TML5606Series T Front TML2036 TML2041Series T DSC TML2038 TML2043Series T Low Load TML2037 TML2042Series V (Closed to newinvestors)
TML3778
1 Inclusive of trust and corporate class versions where applicable.2 Market value figures reflect the trading value of the investments, may not total 100%
and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
3 Figures shown for Yield to Maturity, Weighted Average Maturity, Duration, Duration toWorst and Yield to Worst reflect certain derivatives held in the portfolio (or theirunderlying reference assets).
4 Please see detailed definitions on the last page.5 Target distributions are not guaranteed and may change at the discretion of Franklin
Templeton. The fund may also pay capital gains in December if required.6 Sources: S&P and Moody’s. Cash and equivalents are excluded from this breakdown.
REASONS TO INVEST IN THIS FUND:• A balanced asset mix. The fund offers a global exposure to equity and fixed income around the world by investing in
securities of companies from a variety of industries such as utilities, oil, gas and consumer goods, located anywhere inthe world, including emerging markets.
• A global perspective. Templeton Global Balanced Fund’s perspective offers a broad selection of investmentopportunities and enhanced return potential, while lowering volatility and providing consistent performance.
• Available in Flexible Series T. Investors seeking consistent cash flow can benefit from monthly, tax-efficient Return ofCapital payments tailored to suit their needs.
PerformanceCalendar Year Returns in Canadian Dollars (%)
7.2
-3.6
12.5
20.3
5.0
12.1
0.95.1
-3.4
0.6
8.3
-2.5
13.8
21.6
6.3
13.4
2.16.2
-2.3
1.8
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series T Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series T -8.31 0.04 3.87 -8.31 -7.82 -3.67 -0.66 5.03 3.76
Series F‡ -7.82 0.13 4.15 -7.82 -6.83 -2.61 0.46 6.22 4.90^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)2
Samsung Electronics Co., Ltd. 1.98
Bayer AG 1.83
Comcast Corp 1.66
Takeda Pharmaceutical Co Ltd 1.56
E.ON SE 1.51
Sumitomo Metal Mining Co., Ltd. 1.36
Deutsche Telekom AG 1.36
NXP Semiconductors NV 1.32
Berkshire Hathaway Inc. 1.21
Kroger Co 1.18
Fund Facts3
Price per Unit (Series T) $5.12
Yield to Maturity4 1.79%
Average Weighted Maturity 1.6 Years
Average Duration 1.4 Years
Duration to Worst 1.4 Years
Portfolio Turnover Rate(12/31/2019)
23.59%
MER (12/31/2019 incl. HST) T: 2.31%F: 1.21%
Management Fee T: 1.85%F: 0.85%
Weighted Yield 2.46%
Yield to Worst4 1.79%
Monthly Distribution Series T 6% target annualdistribution5
Composition of FundTop Country Weightings (% Market Value)2
Japan 17.23United States 14.33South Korea 6.29Germany 6.20Mexico 4.30Norway 3.51Brazil 3.41Indonesia 2.60China 2.41United Kingdom 2.22
Bond Ratings (% Fixed Income Market Value)2,6
AAA 10.62 B 3.54AA 14.00 CC 7.14A 28.43 Not Rated 0.00
BBB 25.44NotApplicable -0.25
BB 11.08
Series T Distribution HistoryDate Price Distr. Date Price Distr.08/30/2019 $5.80 $0.03 01/31/2020 $5.66 $0.03
09/30/2019 $5.92 $0.03 02/28/2020 $5.41 $0.03
10/31/2019 $5.91 $0.03 03/31/2020 $5.02 $0.03
11/29/2019 $5.95 $0.03 04/30/2020 $5.16 $0.03
12/19/2019 $5.82 $0.17 05/29/2020 $5.15 $0.03
12/27/2019 $5.82 $0.03 06/30/2020 $5.12 $0.03
Top Sector Weightings (% Equity Market Value)Health Care 17.59Communication Services 15.28Consumer Discretionary 14.28Information Technology 13.68Industrials 10.48Financials 8.44Consumer Staples 7.22Materials 6.82Utilities 3.02Energy 2.14Real Estate 1.06
Did you know? The Series T version of this Fund pays monthly distributions, calculated as 6% of the final NAV of the previous year and split into 12 monthlyinstallments. 6% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton.
3240 FFE 0620
9 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Templeton Global Bond Fund
Global Fixed IncomeTempleton June 30, 2020
Fund Overview
Total Net Assets $805,881,0201
Inception Date Series A: 07/15/1988
Series F: 06/18/2001
Number of Holdings 52
Morningstar Category TM Global Fixed Income
Benchmark JP Morgan GlobalGovernment Bond Index
Investment Objective & StrategyHigh current income with capital appreciation by investingprimarily in fixed income securities and preferred shares issuedaround the world. The fund may not invest more than 25% ofthe total value of the invested assets (excluding cash) in aparticular industry.
Fund Management
Michael Hasenstab 25 Years, California, United States
Calvin Ho 15 Years, California, United States
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML704 TML803Series A DSC TML734 TML903Series A Low Load TML674 TML684Series F TML257 TML258Series F ADM TML5020 TML5043Series I (Closed to newinvestors)
TML254 TML256
Series O TML259 TML260Series PA Front TML5608 TML5611Series PA DSC TML5610 TML5613Series PA Low Load TML5609 TML5612Series PF TML3727 TML3728Series PF ADM TML5091 TML5114
1 Inclusive of trust and corporate class versions where applicable.2 Figures shown for Yield to Maturity, Weighted Average Maturity, Duration, Duration to
Worst and Yield to Worst reflect certain derivatives held in the portfolio (or theirunderlying reference assets).
3 Please see detailed definitions on the last page.4 The fund may also pay capital gains in December if required.5 Distributions are not guaranteed and the proportion of income and return of capital
will fluctuate depending on Fund returns. Unlike fixed-income securities, there is noobligation to distribute any fixed amount, and reductions in, or suspensions of,distributions may occur that would reduce yield. Distributions are not an indication ofperformance, rate of return, or yield. Mutual fund distributions are not guaranteed andare set and may change at the discretion of Franklin Templeton Investments Corp.
6 Please note that the definition of cash in this document may not match the definitionof “cash and cash equivalents” listed in the fund facts or management reports of fundperformance for the fund, which includes bonds that have a remaining term tomaturity of 365 days or less that are issued by certain governments, supranationalagencies or financial institutions and have a “designated rating” (as defined inCanadian securities law). As such, the cash amounts listed may differ.
7 Notional exposure figures are intended to estimate the portfolio’s exposure, includingany hedged or increased exposure through certain derivatives held in the portfolio (ortheir underlying reference assets). Market value figures reflect the trading value of theinvestments. Notional and market value figures may not total 100% and may benegative due to rounding, use of any derivatives, unsettled trades or other factors.
8 Sources: S&P and Moody’s. Ratings apply to bond holdings only. Cash includesequivalents, which may be rated.
REASONS TO INVEST IN THIS FUND:• Diversification. Ideal for investors seeking an unconstrained worldview independent from the benchmark, allowing the
fund to invest in bonds from any country, in any currency, and with the goal of finding the best values for the portfolio.• Multiple perspectives. Global and local experts gather customized knowledge to the fund by providing extensive
country analysis and multiple perspectives and lenses.• Experienced management. Dr. Michael Hasenstab has managed the fund since 2005 and is backed by a large and
experienced team of Global Macro analysts located around the world.
PerformanceCalendar Year Returns in Canadian Dollars (%)
8.3
0.6
7.7
2.6 3.2
6.6
-1.7
0.7
4.6
-5.7
8.8
1.2
8.3
3.2 4.3
7.3
-1.0
1.3
5.2
-5.1
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -1.48 -0.58 -0.83 -1.48 -4.62 -1.98 -0.08 2.03 4.64
Series F‡ -1.20 -0.54 -0.70 -1.20 -4.09 -1.41 0.49 2.67 4.62^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Fund Facts2
Price per Unit (Series A) $7.70
Yield to Maturity3 1.26%
Average Weighted Maturity3 1.5 Years
Average Duration 1.2 Years
Duration to Worst 1.2 Years
Portfolio Turnover Rate(12/31/2019)
17.65%
MER (12/31/2019 incl. HST) A: 1.65%F: 1.09%
Management Fee A: 1.25%F: 0.75%
Yield to Worst3 1.26%
Distributions Interest income paidmonthly4,5
Composition of FundTop Country Weightings (% Market Value)6,7
Norway 9.43Japan 8.97Mexico 8.86Brazil 8.40South Korea 8.30Indonesia 7.97Switzerland 6.14India 3.34Others 9.50Cash & Cash Equivalents 29.08
Bond Ratings (% Market Value)7,8
AAA 15.80 B 2.05AA 8.30 CC 3.07
A 8.97NotApplicable 0.82
BBB 23.51Cash & CashEquivalents 29.08
BB 8.40
Series A Distribution HistoryDate Price Distr. Date Price Distr.02/28/2019 $8.40 $0.02 08/30/2019 $7.87 $0.02
03/29/2019 $8.36 $0.02 09/30/2019 $7.82 $0.02
04/30/2019 $8.42 $0.02 10/31/2019 $7.84 $0.02
05/31/2019 $8.33 $0.02 01/31/2020 $7.86 $0.02
06/28/2019 $8.18 $0.07 02/28/2020 $7.88 $0.02
07/31/2019 $8.21 $0.02 03/31/2020 $7.77 $0.01
Duration Exposure (% Notional Value)7
0 to 1 Year 61.851 to 2 Years 15.302 to 3 Years 5.563 to 5 Years 15.625 to 7 Years 0.877 to 10 Years 0.80
Effective January 31, 2018, the monthly distribution paid by Templeton Global Bond Fund will be $0.016 per unit of Series A. However, the monthly rate may betopped up on a quarterly basis, to the extent there is sufficient taxable income in the fund. Distributions paid by other series will be pro-rated to the fund's SeriesA distribution amount. To calculate US-dollar-denominated distribution amounts, apply the exchange rate between the Canadian dollar and the US dollar as ofeach distribution date. Actual distribution amounts may differ. Distributions are not guaranteed and the proportion of income and return of capital will fluctuatedepending on fund returns. Unlike fixed income securities, there is no obligation to distribute any fixed amount, and reductions in yield or suspensions that wouldreduce yield may occur.
704 FFE 0620
LINK TO WEBPAGE
Navigating uncertain waters: preparing for a post-pandemic world
Where will we be post-crisis? This Global Macro Shifts covers why a gradual recovery is most likely and the investment implications.
franklintempleton.ca 10Dealer Use Only / Not for Distribution to the Public
Templeton Global Bond Fund (Hedged)
Global Fixed IncomeTempleton June 30, 2020
Fund Overview
Total Net Assets $29,314,976
Inception Date Series A: 08/19/2013
Series F: 08/19/2013
Number of Holdings1 52
Morningstar Category TM Global Fixed Income
Benchmark JP Morgan GlobalGovernment Bond Index
(USD)
Investment Objective & StrategyHigh current income with capital appreciation by investingsubstantially all of its assets in units of Templeton Global BondFund (the “underlying fund”). The fund uses hedging strategiesto attempt to eliminate the impact of currency fluctuationsbetween the U.S. and Canadian dollars.
Fund Management
Michael Hasenstab 25 Years, California, United States
Calvin Ho 15 Years, California, United States
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML3712Series A DSC TML3714Series A Low Load TML3713Series F TML3715Series F ADM TML5021Series I (Closed to newinvestors)
TML3716
Series O TML3717Series PA (Hedged) Front TML5614Series PA (Hedged) DSC TML5616Series PA (Hedged) Low Load TML5615Series PF TML3808Series PF ADM TML5092
1 The Fund’s performance is linked to the performance of units invested in TempletonGlobal Bond Fund (the Underlying Fund). The holdings listed are an outline of theinvestments held in the Underlying Fund. The Fund holds forward contracts to hedgeas completely as possible against fluctuations caused by changes in exchange ratesbetween the U.S. and Canadian dollars.
2 Figures shown for Yield to Maturity, Weighted Average Maturity, Duration, Duration toWorst and Yield to Worst reflect certain derivatives held in the portfolio (or theirunderlying reference assets).
3 Please see detailed definitions on the last page.4 The fund may also pay capital gains in December if required.5 Distributions are not guaranteed and the proportion of income and return of capital
will fluctuate depending on Fund returns. Unlike fixed-income securities, there is noobligation to distribute any fixed amount, and reductions in, or suspensions of,distributions may occur that would reduce yield. Distributions are not an indication ofperformance, rate of return, or yield. Mutual fund distributions are not guaranteed andare set and may change at the discretion of Franklin Templeton Investments Corp.
6 Please note that the definition of cash in this document may not match the definitionof “cash and cash equivalents” listed in the fund facts or management reports of fundperformance for the fund, which includes bonds that have a remaining term tomaturity of 365 days or less that are issued by certain governments, supranationalagencies or financial institutions and have a “designated rating” (as defined inCanadian securities law). As such, the cash amounts listed may differ.
7 Notional exposure figures are intended to estimate the portfolio’s exposure, includingany hedged or increased exposure through certain derivatives held in the portfolio (ortheir underlying reference assets). Market value figures reflect the trading value of theinvestments. Notional and market value figures may not total 100% and may benegative due to rounding, use of any derivatives, unsettled trades or other factors.
8 Sources: S&P and Moody’s. Ratings apply to bond holdings only. Cash includesequivalents, which may be rated.
REASONS TO INVEST IN THIS FUND:• Diversification. Offers exposure to an unconstrained worldview independent from the benchmark used by the underlying
fund to invest in bonds from any country, in any currency, and with the goal of finding the best values.• Multiple perspectives. Global and local experts provide extensive country analysis and multiple perspectives and lenses.• Experienced management. Dr. Michael Hasenstab has managed the underlying fund since 2005 and is backed by a
large and experienced team of Global Macro analysts located around the world.• Reduced currency risk. The fund uses hedging strategies to reduce the impact of currency fluctuations between the
U.S. and Canadian dollars.
PerformanceCalendar Year Returns in Canadian Dollars (%)
-4.9
-10.0
0.5
6.4
-4.3-1.9
-3.7
-9.4
0.9
7.0
-3.7-1.3
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)1
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -9.02 0.64 1.67 -9.02 -11.63 -5.28 -3.08 n/a -3.20
Series F‡ -8.75 0.69 1.82 -8.75 -11.11 -4.72 -2.55 n/a -2.57^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Fund Facts1,2
Price per Unit (Series A) $6.21
Yield to Maturity3 1.26%
Average Weighted Maturity3 1.5 Years
Average Duration 1.2 Years
Duration to Worst 1.2 Years
Portfolio Turnover Rate(12/31/2019)
79.73%
MER (12/31/2019 incl. HST) A: 1.67%F: 1.09%
Management Fee A: 1.25%F: 0.75%
Yield to Worst3 1.26%
Distributions Interest income paidquarterly4,5
Composition of FundTop Country Weightings (% of Total)1,6,7
Norway 9.43Japan 8.97Mexico 8.86Brazil 8.40South Korea 8.30Indonesia 7.97Switzerland 6.14India 3.34Others 9.50Cash & Cash Equivalents 29.08
Bond Ratings (% Market Value)1,7,8
AAA 15.80 B 2.05AA 8.30 CC 3.07
A 8.97NotApplicable 0.82
BBB 23.51Cash & CashEquivalents 29.08
BB 8.40
Duration Exposure (% Notional Value)7
0 to 1 Year 61.851 to 2 Years 15.302 to 3 Years 5.563 to 5 Years 15.625 to 7 Years 0.877 to 10 Years 0.80
3712 FFE 0620
11 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Templeton Global Smaller Companies Fund
Global & International EquityTempleton June 30, 2020
Fund Overview
Total Net Assets $201,554,5421
Inception Date Series A: 01/03/1989
Series F: 11/24/2000
Number of Holdings 94
Morningstar Category TM Global Small/Mid CapEquity
Benchmark Custom TempletonGlobal Smaller
Companies Benchmark2
Investment Objective & StrategyLong-term capital appreciation by investing primarily insecurities of smaller companies around the world. Smallercompanies are those similar in size to the companies in theMSCI All Country World (ACWI) Small Cap Index, at the time ofinitial purchase.
Fund Management
Harlan Hodes 20 Years, Florida, United States
David Tuttle 15 Years, Toronto, Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 95.68
Cash & Cash Equivalents 4.32
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML707 TML806 TML330 TML332Series A DSC TML737 TML906 TML331 TML333Series A Low Load TML694 TML695 TML608 TML609Series F TML747 TML754 TML334 TML335Series F ADM TML5022 TML5044 TML5150 TML5173Series I (Closed to newinvestors)
TML787 TML798 TML336 TML337
Series O TML169 TML178 TML338 TML339Series PA Front TML5623 TML5626 TML5617 TML5620Series PA DSC TML5625 TML5628 TML5619 TML5622Series PA Low Load TML5624 TML5627 TML5618 TML5621Series PF TML3918 TML3919Series PF ADM TML5093 TML5115
1 Inclusive of trust and corporate class versions where applicable.2 Custom Templeton Global Smaller Companies Benchmark is a blended index
composed of the MSCI All Country World Small Cap Total Return Index and MSCIWorld Total Return Index. The customized index reflects the returns of the MSCI AllCountry World Small Cap Total Return Index on and after May 31, 1994, and the MSCIWorld Total Return Index prior to May 31, 1994.
REASONS TO INVEST IN THIS FUND:• Investing early in tomorrow’s leading companies. Ideal for investors seeking diversification by country and sector with
small-cap stocks from around the globe, making it a great source of global diversification for your portfolio.• Not your typical small-cap fund. The fund follows a proven disciplined value approach that was pioneered by Sir John
Templeton more than 60 years ago.
PerformanceCalendar Year Returns in Canadian Dollars (%)
18.1
-22.9
11.5
32.7
0.0
7.2 7.516.3
-13.3
15.219.4
-21.9
12.8
34.3
1.18.4 8.7
17.5
-12.3
16.5
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -11.14 2.42 20.36 -11.14 -5.44 -1.33 1.60 5.24 7.16
Series F‡ -10.64 2.52 20.69 -10.64 -4.36 -0.22 2.74 6.44 6.36^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Thule Group AB/The 2.08
Techtronic Industries Company Limited 2.04
Gerresheimer AG 1.96
Freshpet, Inc. 1.93
Sonos Inc. 1.92
Huhtamaki OYJ 1.92
Logitech International SA 1.91
Columbia Sportswear Co 1.85
Alamo Group Inc 1.80
Interpump Group SPA 1.76
Fund FactsPrice per Unit (Series A) $24.46
Portfolio Turnover Rate(12/31/2019)
20.20%
MER (12/31/2019 incl. HST) A: 2.62%F: 1.51%
Management Fee A: 2.00%F: 1.00%
Composition of FundTop Country Weightings (% of Total)
United States 29.07Japan 13.42Taiwan 8.30Switzerland 5.75Sweden 5.04Germany 4.93Italy 4.44United Kingdom 3.89Others 20.85Cash & Cash Equivalents 4.32
Top Sector Weightings (% of Total)Consumer Discretionary 25.57Industrials 19.80Financials 12.39Information Technology 11.60Materials 9.37Consumer Staples 7.46Health Care 7.45Real Estate 2.04Cash & Cash Equivalents 4.32
707 FFE 0620
franklintempleton.ca 12Dealer Use Only / Not for Distribution to the Public
Templeton Growth Fund, Ltd.
Global & International EquityTempleton June 30, 2020
Fund Overview
Total Net Assets $1,047,993,5671
Inception Date Series A: 11/29/1954
Series F: 11/24/2000
Number of Holdings 72
Morningstar Category TM Global Equity
Benchmark MSCI All Country WorldIndex
Investment Objective & StrategyLong-term capital appreciation by investing primarily in equitysecurities of companies around the world and fixed-incomesecurities issued by governments or companies of anycountry. The fund may invest, in any country or industry, in anyproportion. The fund's Series A (Hedged) seeks to minimizethe impact of currency fluctuations.
Fund Management
Peter Moeschter 27 Years, Nassau, Bahamas
Christopher James Peel 12 Years, Nassau, Bahamas
Warren Pustam 14 Years, Nassau, Bahamas
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 86.83
Cash & Cash Equivalents 13.17
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML700 TML702 TML350 TML351Series A DSC TML732 TML102 TML352 TML353Series A Low Load TML648 TML649 TML614 TML615Series A (Hedged) Front TML3623Series A (Hedged) DSC TML3625Series A (Hedged) Low Load TML3624Series F TML740 TML750 TML354 TML355Series F ADM TML5023 TML5045 TML5151 TML5174Series I (Closed to newinvestors)
TML780 TML795 TML356 TML357
Series O TML165 TML175 TML358 TML359Series PA Front TML5635 TML5638 TML5629 TML5632Series PA DSC TML5637 TML5640 TML5631 TML5634Series PA Low Load TML5636 TML5639 TML5630 TML5633Series PA (Hedged) Front TML5641Series PA (Hedged) DSC TML5643Series PA (Hedged) Low Load TML5642Series PF TML3817 TML3818 TML3754 TML3755Series PF ADM TML5094 TML5116 TML5191 TML5206
1 Inclusive of trust and corporate class versions where applicable.
REASONS TO INVEST IN THIS FUND:• Global bias. Ideal for investors seeking a global investment solution for their portfolio, with a strong long-term
performance record backed by time-tested research discipline.• A team approach to value investing. Templeton’s large global research team is on the ground uncovering the best
undervalued opportunities around the world.
PerformanceCalendar Year Returns in Canadian Dollars (%)
2.8
-5.0
14.3
35.7
9.0 11.23.1
11.6
-8.0
7.73.9
-4.2
15.8
37.0
10.3 12.44.1
12.8
-6.9
8.9
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -7.72 0.08 7.06 -7.72 -2.66 -1.52 1.37 8.05 11.13
Series F‡ -7.18 0.17 7.36 -7.18 -1.51 -0.40 2.51 9.24 4.00^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Wheaton Precious Metals Corp. 3.98
Roche Holding AG 3.41
Sanofi 3.01
Comcast Corp 2.70
E.ON SE 2.41
Oracle Corp 2.35
Novartis AG 2.12
Dollar Tree Inc 2.11
Siemens AG 2.08
Verizon Communications Inc. 2.04
Fund FactsPrice per Unit (Series A) $17.87
Portfolio Turnover Rate(10/31/2019)
17.95%
MER (10/31/2019 incl. HST) A: 2.47%F: 1.37%
Management Fee A: 1.85%F: 0.85%
Composition of FundTop Country Weightings (% of Total)
United States 26.42Japan 17.31Germany 6.33United Kingdom 6.31Switzerland 5.53France 5.46Canada 4.38China 3.05Others 12.03Cash & Cash Equivalents 13.17
Top Sector Weightings (% of Total)Consumer Discretionary 18.77Health Care 15.06Industrials 11.28Consumer Staples 11.04Information Technology 8.61Materials 6.84Communication Services 5.73Utilities 3.25Energy 2.80Financials 2.30Real Estate 1.14Cash & Cash Equivalents 13.17
700 FFE 0620
13 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Templeton International Stock Fund
Global & International EquityTempleton June 30, 2020
Fund Overview
Total Net Assets $284,003,9111
Inception Date Series A: 01/03/1989
Series F: 11/24/2000
Number of Holdings 61
Morningstar Category TM International Equity
Benchmark MSCI EAFE Index
Investment Objective & StrategyLong-term capital appreciation by investing primarily in equitysecurities of companies outside Canada and the U.S., in anynumber of companies from one country or industry.
Fund Management
Peter Moeschter 27 Years, Nassau, Bahamas
Christopher James Peel 12 Years, Nassau, Bahamas
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 86.99
Cash & Cash Equivalents 13.01
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML735 TML804 TML360 TML362Series A DSC TML705 TML904 TML361 TML363Series A Low Load TML742 TML744 TML616 TML617Series F TML745 TML753 TML364 TML365Series F ADM TML5024 TML5046 TML5152 TML5175Series I (Closed to newinvestors)
TML785 TML797 TML366 TML367
Series O TML167 TML177 TML368 TML369Series PA Front TML5653 TML5656 TML5644 TML5647Series PA DSC TML5655 TML5658 TML5646 TML5649Series PA Low Load TML5654 TML5657 TML5645 TML5648Series PF TML3920 TML3921 TML3813 TML3814Series PF ADM TML5095 TML5117 TML5192 TML5207Series PFT TML3922Series PFT ADM TML5130Series PT Front TML5659 TML5650Series PT DSC TML5661 TML5652Series PT Low Load TML5660 TML5651Series T Front TML770 TML3164Series T DSC TML771 TML3166Series T Low Load TML748 TML3165
1 Inclusive of trust and corporate class versions where applicable.
REASONS TO INVEST IN THIS FUND:• A long history of successful fundamental stock selection. Ideal for investors seeking exposure to long-term investing
across international markets, concentrating on high-conviction names filtered through a disciplined research process.• Bottom-up stock selection. Investment philosophy involves finding long-term value investing using a "bottom-up"
approach to stock selection by looking for individual companies offering the best value—that is, stocks selling at pricesthat are low compared to Templeton’s assessment of their true worth.
PerformanceCalendar Year Returns in Canadian Dollars (%)
0.4
-11.8
13.9
25.6
0.7
14.8
-5.5
12.5
-11.2
7.11.4
-10.8
15.1
27.0
1.8
16.1
-4.5
13.7
-10.2
8.3
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -16.38 1.80 7.24 -16.38 -12.13 -6.11 -3.47 3.62 5.00
Series F‡ -15.91 1.90 7.54 -15.91 -11.16 -5.06 -2.39 4.78 1.79^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Bayer AG 3.60
Takeda Pharmaceutical Co Ltd 3.13
Samsung Electronics Co., Ltd. 3.13
E.ON SE 2.93
CK Hutchison Holdings Ltd 2.29
NXP Semiconductors NV 2.25
Taiwan Semiconductor Manufacturing Co Ltd 2.24
Ck Asset Holdings Ltd 2.13
Sanofi 2.12
KB Financial Group Inc. 2.07
Fund FactsPrice per Unit (Series A) $15.31
Portfolio Turnover Rate(12/31/2019)
37.10%
MER (12/31/2019 incl. HST) A: 2.59%F: 1.48%
Management Fee A: 2.00%F: 1.00%
Composition of FundTop Country Weightings (% of Total)
Japan 24.63Germany 11.30United Kingdom 8.68Netherlands 7.16Hong Kong 7.00South Korea 6.13France 5.50China 3.72Others 12.87Cash & Cash Equivalents 13.01
Top Sector Weightings (% of Total)Financials 13.37Health Care 11.65Consumer Discretionary 10.96Information Technology 10.03Industrials 8.43Consumer Staples 7.85Materials 6.84Energy 6.04Real Estate 4.69Communication Services 4.20Utilities 2.93Cash & Cash Equivalents 13.01
Did you know? The Series T version of this Fund pays monthly distributions, calculated as 8% of the final NAV of the previous year and split into 12 monthlyinstallments. 8% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton.
735 FFE 0620
franklintempleton.ca 14Dealer Use Only / Not for Distribution to the Public
Franklin Global Aggregate Bond Fund
Global Fixed IncomeFranklin June 30, 2020
Fund Overview
Total Net Assets $7,769,9441
Inception Date Series A: 05/01/2020
Series F: 05/01/2020
Number of Holdings 149
Morningstar Category TM Global Fixed Income
Benchmark Bloomberg BarclaysGlobal Aggregate (100%Hedged into CAD) Index
Investment Objective & StrategyThis fund seeks to maximize total investment return, consistingof a combination of interest income and capital appreciation byinvesting primarily in investment grade fixed or floating-ratedebt securities issued by governments, government relatedentities (including supranational organizations supported byseveral national governments) and corporations worldwide.Franklin Global Aggregate Bond Fund invests substantially allof its assets in securities of FLGA.
Fund Management
John Beck 33 Years, London, United Kingdom
David Zahn 26 Years, London, United Kingdom
Sonal Desai 26 Years, California, United States
Patrick A. Klein 15 Years, California, United States
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)2
Fixed Income 96.08
Cash & Cash Equivalents 3.92
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML5901Series A DSC TML5902Series A Low Load TML5903Series F TML5904Series F ADM TML5905Series O TML5918
1 Inclusive of trust and corporate class versions where applicable.2 Market value figures reflect the trading value of the investments, may not total 100%
and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
3 Figures shown for Yield to Maturity, Weighted Average Maturity, Duration, Duration toWorst and Yield to Worst reflect certain derivatives held in the portfolio (or theirunderlying reference assets).
4 Please see detailed definitions on the last page.5 Sources: S&P and Moody’s. Cash includes equivalents, which may be rated.
REASONS TO INVEST IN THIS FUND:• Provides access to investments in government bonds, sovereign bonds and corporate bonds.• Diversified exposure to investment grade bonds globally with a Canadian-dollar currency hedge.• Used as a core fixed income allocation.
Performance
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A n/a 0.85 n/a n/a n/a n/a n/a n/a 2.51
Series F‡ n/a 0.90 n/a n/a n/a n/a n/a n/a 2.60^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Government of Japan, senior bond, 1.00%, 12/20/35 4.72
Government of Poland, 5.75%, 4/25/29 4.40
Government of Spain, senior bond,144A, Reg S,1.85%, 7/30/35 3.88
Queensland Treasury Corp., senior bond, 144A, RegS, 3.25%, 8/21/29 3.58
Government of Poland, 2.50%, 7/25/27 3.40
U.S. Treasury Note, 1.50%, 2/15/30 3.09
Government of Belgium, Reg S, 1.25%, 4/22/33 2.40
Italy Buoni Poliennali Del Tesoro, Reg S, 144A, seniorbond, 2.45%, 9/01/50 2.18
U.S. Treasury Bond, Index Linked, 1.75%, 1/15/28 1.93
Government of Mexico, senior bond, M 20, 8.50%,5/31/29 1.93
Fund Facts3
Price per Unit (Series A) $10.29
Yield to Maturity4 2.57%
Average Weighted Maturity4 10.5 Years
Average Duration 8.6 Years
Duration to Worst 8.5 Years
Management Fee A: 0.80%F: 0.30%
Yield to Worst4 2.55%
Distribution Frequency Monthly
Composition of FundTop Country Weightings (% of Total)2
Europe 40.22United States 26.28Latin America/Caribbean 7.04Asia ex-Japan 6.01Japan 4.72Australia/New Zealand 3.58Middle-East/Africa 3.38Canada 2.43Supranational 0.48Currency Derivatives 1.94Cash & Cash Equivalents 3.92
Bond Ratings (% Market Value)2,5
AAA 13.91 B 3.56AA 9.16 CCC 1.03
A 33.16NotApplicable 1.94
BBB 30.02Cash & CashEquivalents 3.92
BB 3.31
Series A Distribution HistoryDate Price Distr. Date Price Distr.05/29/2020 $10.22 $0.00 n/a n/a n/a
06/30/2020 $10.29 $0.02 n/a n/a n/a
Top Sector Weightings (% of Total)EMU Govt 18.46USD IG Corp 18.27Non-EMU Europe 9.25Sovereign 8.14Americas ex-US 6.07Asia ex-Japan 5.70US Govt / Agency 5.50Japan Govt 4.72Other 18.02Currency Derivatives 1.94Cash & Cash Equivalents 3.92
5901 FFE 0620
15 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Global Growth Fund
Global & International EquityFranklin June 30, 2020
Fund Overview
Total Net Assets $191,923,2871
Inception Date Series A: 06/20/2011
Series F: 06/20/2011
Number of Holdings 36
Morningstar Category TM Global Equity
Benchmark MSCI World Index-NR2
Investment Objective & StrategyLong-term capital appreciation by investing primarily in equitysecurities of growth companies, with any market sizecapitalization, located throughout the world.
Fund Management
Don Huber 38 Years, New York, United States
John Remmert 33 Years, New York, United States
Patrick McKeegan 11 Years, New York, United States
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 96.28
Cash & Cash Equivalents 3.72
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML3501 TML3511 TML955 TML957Series A DSC TML3503 TML3513 TML956 TML958Series A Low Load TML3502 TML3512 TML790 TML791Series F TML3504 TML3514 TML959 TML960Series F ADM TML5000 TML5025 TML5141 TML5164Series O TML3126 TML3293 TML963 TML964Series PA Front TML5334 TML5337 TML5325 TML5328Series PA DSC TML5336 TML5339 TML5327 TML5330Series PA Low Load TML5335 TML5338 TML5326 TML5329Series PF TML3912 TML3913Series PF ADM TML5068 TML5096Series PT Front TML5340 TML5331Series PT DSC TML5342 TML5333Series PT Low Load TML5341 TML5332Series T Front TML3505 TML3508Series T DSC TML3507 TML3510Series T Low Load TML3506 TML3509
1 Inclusive of trust and corporate class versions where applicable.2 Net Returns (NR) include income net of tax withholding when dividends are paid.
REASONS TO INVEST IN THIS FUND:• Growth approach to stock selection. Ideal for investors seeking exposure to a strict bottom-up approach, identifying
global themes, sectors and companies to target firms whose growth prospects have yet to be recognized by the markets.• Growth potential. Franklin equity portfolios are built around solid companies with sustainable competitive advantages
that can signal exceptional growth potential.• Global perspective. The underlying fund invests primarily in equity securities of growth companies with any market
capitalization located throughout the world.
PerformanceCalendar Year Returns in Canadian Dollars (%)
17.824.1
11.6 15.3
-4.3
22.9
-5.0
28.919.1
25.6
12.9 16.6
-3.3
24.3
-3.9
30.4
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A 12.41 1.97 24.45 12.41 23.50 14.03 11.60 n/a 11.69
Series F‡ 13.05 2.06 24.79 13.05 24.99 15.35 12.84 n/a 12.95^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Humana Inc. 3.84
SVB Financial Group 3.51
CSL Ltd 3.38
Partners Group Holding AG 3.22
HDFC Bank Limited 3.22
Floor & Decor Holdings Inc. 3.06
Salesforce.com, Inc. 3.05
Aptiv PLC 3.03
Signature Bank 3.03
Rockwell Automation Inc 3.01
Fund FactsPrice per Unit (Series A) $23.11
Portfolio Turnover Rate(12/31/2019)
43.95%
MER (12/31/2019 incl. HST) A: 2.58%F: 1.47%
Management Fee A: 2.00%F: 1.00%
Composition of FundTop Country Weightings (% of Total)
United States 64.81Australia 5.88Switzerland 5.30Canada 4.54India 3.22Netherlands 2.75Denmark 2.69Argentina 2.44Others 4.65Cash & Cash Equivalents 3.72
Top Sector Weightings (% of Total)Information Technology 21.97Consumer Discretionary 18.24Health Care 17.97Financials 17.47Industrials 15.89Materials 2.75Real Estate 1.99Cash & Cash Equivalents 3.72
3501 FFE 0620
REPLAY LINK
Webinar: Investing in Technology: Outlook & Strategies
Grant Bowers and John Remmert discuss their outlook for the technology sector and how they are identifying leading U.S. and global companies in this rapidly changing landscape.
franklintempleton.ca 16Dealer Use Only / Not for Distribution to the Public
Franklin High Income FundAs of February 1, 2017, all U.S.-dollar denominated series of this fund are closed to new investors.
Global Fixed IncomeFranklin June 30, 2020
Fund Overview
Total Net Assets $18,855,5681
Inception Date Series A: 02/17/2003
Series F: 02/17/2003
Number of Holdings 126
Morningstar Category TM High Yield Fixed Income
Benchmark Custom Franklin HighIncome 75%
Hedged/25% UnhedgedBenchmark2
Investment Objective & StrategyHigh current income and some long-term capital appreciationby investing primarily in high-yield, lower-rated debt securitiesissued in the United States and throughout the world.
Fund Management
Glenn Voyles 27 Years, California, United States
Darcy Briggs 26 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)3
Fixed Income 97.36
Cash & Cash Equivalents 2.16
Equity 0.48
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML186 TML187Series A DSC TML188 TML189Series A Low Load TML190 TML191Series F TML228 TML262Series I (Closed to newinvestors)
TML3380 TML3381
Series O TML172 TML149Series PA Front TML5349 TML5352Series PA DSC TML5351 TML5354Series PA Low Load TML5350 TML5353Series PF TML3810 TML3811
1 Inclusive of trust and corporate class versions where applicable.2 The Custom Franklin High Income 75% Hedged / 25% Unhedged Benchmark is
comprised of 75% Bloomberg Barclays U.S. High Yield Corporate Total Return IndexHedged (CAD) and 25% Bloomberg Barclays U.S. High Yield Corporate Total ReturnIndex Unhedged (CAD).
3 Market value figures reflect the trading value of the investments, may not total 100%and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
4 Notional exposure figures are intended to estimate the portfolio’s exposure, includingany hedged or increased exposure through certain derivatives held in the portfolio (ortheir underlying reference assets). Market value figures reflect the trading value of theinvestments. Notional and market value figures may not total 100% and may benegative due to rounding, use of any derivatives, unsettled trades or other factors.
5 Figures shown for Yield to Maturity, Weighted Average Maturity, Duration, Duration toWorst and Yield to Worst reflect certain derivatives held in the portfolio (or theirunderlying reference assets).
6 Please see detailed definitions on the last page.7 Uses effective duration for MBS/ABS securities, uses 90-day average reset period
assumed for all bank loans and for duration of bank loans and uses zero duration forcertain convertible preferred stock.
8 The fund may also pay capital gains in December if required.9 Sources: S&P and Moody’s. Cash includes equivalents, which may be rated.10 Includes issues in default as well as issues which have missed payments but may not
be in technical default. May not include other issues for which interest receivableshave been reversed but have not yet missed coupon/principal payments or filed forbankruptcy.
REASONS TO INVEST IN THIS FUND:• A source of fixed income portfolio diversification. High-yield bond funds tend to have low correlations with other asset
classes, improving portfolio efficiency.• Breadth of research. The fund is supported by a team of high-yield specialists, and further leverages the expertise of
more than 170 investment professionals from Franklin Templeton Fixed Income.• Active currency management. The fund's target ratio for its US dollar exposure is 75% hedged to 25% unhedged. The
unhedged portion can range from 0% to 50%, depending on the fund managers' currency views.
PerformanceCalendar Year Returns in Canadian Dollars (%)
10.8
3.0
13.77.5
-0.9
-11.1
16.8
4.7
-5.4
11.111.9
4.0
15.3
8.7
0.2
-10.6
17.6
5.1
-4.8
11.7
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -4.17 -0.12 7.43 -4.17 -1.58 0.69 1.67 4.03 2.92
Series F‡ -3.91 -0.07 7.58 -3.91 -1.03 1.26 2.21 4.88 3.84^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Sprint Corporation 2.51
Cco Hldgs LLC/Cap Corp 2.26
Cheniere Energy Partners, LP 2.15
HCA Inc 2.10
Altice France Holding SA 1.60
T-Mobile USA Inc 1.51
Studio City Finance Limited 1.51
Hat Holdings I LLC 1.51
Clearway Energy Operating LLC 1.50
Trivium Packaging Fin 1.50
Fund Facts5
Price per Unit (Series A) $5.06
Yield to Maturity6 6.66%
Average Weighted Maturity6 5.0 Years
Average Duration 3.7 Years
Duration to Worst7 4.0 Years
Portfolio Turnover Rate(12/31/2019)
44.73%
MER (12/31/2019 incl. HST) A: 1.62%F: 1.07%
Management Fee A: 1.25%F: 0.75%
Yield to Worst6 6.53%
Distributions Interest income paidmonthly8
Composition of FundTop Country Weightings (% Market Value)3
United States 86.79Luxembourg 3.11Macao 1.52Canada 1.50Netherlands 1.46United Arab Emirates 1.40Australia 0.75France 0.72Others 0.59Cash & Cash Equivalents 2.16
Bond Ratings (% Notional Value)4,9
BBB 2.13 C10 0.00BB 41.51 Not Rated 0.11
B 40.84 D10 0.14
CCC10 12.27NotApplicable 0.48
CC10 0.36Cash & CashEquivalents 2.16
Series A Distribution HistoryDate Price Distr. Date Price Distr.07/31/2019 $5.44 $0.02 01/31/2020 $5.40 $0.02
08/30/2019 $5.42 $0.02 02/28/2020 $5.30 $0.02
09/30/2019 $5.44 $0.02 03/31/2020 $4.77 $0.02
10/31/2019 $5.40 $0.02 04/30/2020 $4.92 $0.02
11/29/2019 $5.39 $0.02 05/29/2020 $5.09 $0.02
12/19/2019 $5.41 $0.07 06/30/2020 $5.06 $0.02
186 FFE 0620
17 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Strategic Income FundAs of February 1, 2017, all U.S.-dollar denominated series of this fund are closed to new investors.
Global Fixed IncomeFranklin June 30, 2020
Fund Overview
Total Net Assets $90,363,1681
Inception Date Series A: 02/17/2003
Series F: 02/17/2003
Number of Holdings 381
Morningstar Category TM Global Fixed Income
Benchmark Bloomberg Barclays U.S.Aggregate Index (Hedged
to CAD)
Investment Objective & StrategyHigh current income and some long-term capital appreciationby investing primarily in fixed income securities issued in theU.S. and throughout the world.
Fund Management
Sonal Desai 26 Years, California, United States
Darcy Briggs 26 Years, Calgary, AB Canada
William Chong 11 Years, California, United States
Patricia O'Connor 24 Years, California, United States
David Yuen 32 Years, California, United States
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML387 TML388Series A DSC TML389 TML390Series A Low Load TML391 TML393Series F TML229 TML263Series F ADM TML5011 TML5035Series I (Closed to newinvestors)
TML3382 TML3383
Series O TML173 TML174Series PA Front TML5496 TML5499Series PA DSC TML5498 TML5697Series PA Low Load TML5497 TML5500Series PF TML3805 TML3806Series PF ADM TML5079 TML5106
1 Inclusive of trust and corporate class versions where applicable.2 Figures shown for Yield to Maturity, Weighted Average Maturity, Duration, Duration to
Worst and Yield to Worst reflect certain derivatives held in the portfolio (or theirunderlying reference assets).
3 Please see detailed definitions on the last page.4 Uses effective duration for mortgages/asset-backed securities, uses 90 days average
reset period assumed for all bank loans and for duration of bank loans; and excludesduration for certain convertible/preferred stock. Duration for certain hybrid securitiescalculated to the first call and/ or fixed to floating coupon date.
5 The Fund may also pay capital gains in December if required.6 Notional exposure figures are intended to estimate the portfolio’s exposure, including
any hedged or increased exposure through certain derivatives held in the portfolio (ortheir underlying reference assets). Market value figures reflect the trading value of theinvestments. Notional and market value figures may not total 100% and may benegative due to rounding, use of any derivatives, unsettled trades or other factors.
7 First call/fixed-to-floating date used as maturity date for certain perpetual hybridsecurities.
8 Includes gains/losses on forward currency contracts.9 Sources: S&P and Moody’s. Cash includes equivalents, which may be rated.
REASONS TO INVEST IN THIS FUND:• Diversification creates opportunities. The fund offers Ideal for investors seeking the potential for more consistent
returns by taking advantage of the performances of many different bond categories in the United States and throughoutthe world.
• Breadth of research. The fund is supported by more than 170 investment professionals from Franklin Templeton's fixed-income team.
• Currency management. The fund typically engages in currency management strategies to hedge the exposure to theimpact of changes in currency exchange rates.
PerformanceCalendar Year Returns in Canadian Dollars (%)
9.9
1.8
11.7
2.4 1.0
-4.1
5.02.7
-4.2
6.6
11.3
2.8
12.6
3.4 1.8
-3.6
5.63.1
-3.6
7.2
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -0.77 1.00 5.00 -0.77 0.10 0.63 0.82 2.74 1.97
Series F‡ -0.49 1.04 5.15 -0.49 0.66 1.18 1.36 3.49 2.82^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Fund Facts2
Price per Unit (Series A) $5.06
Yield to Maturity3 3.08%
Average Weighted Maturity3 5.3 Years
Average Duration 4.6 Years
Duration to Worst4 5.1 Years
Portfolio Turnover Rate(12/31/2019)
148.93%
MER (12/31/2019 incl. HST) A: 1.58%F: 1.02%
Management Fee A: 1.20%F: 0.70%
Yield to Worst3 3.04%
Distributions Interest income paidmonthly5
Composition of FundTop Country Weightings (% Market Value)6
United States 75.53Canada 9.79France 2.63China 2.55Mexico 2.03United Kingdom 1.61Indonesia 1.55Colombia 1.53Others 12.67Cash & Cash Equivalents 5.99
Series A Distribution HistoryDate Price Distr. Date Price Distr.07/31/2019 $5.23 $0.02 01/31/2020 $5.25 $0.02
08/30/2019 $5.23 $0.02 02/28/2020 $5.22 $0.02
09/30/2019 $5.21 $0.02 03/31/2020 $4.87 $0.02
10/31/2019 $5.18 $0.02 04/30/2020 $4.89 $0.02
11/29/2019 $5.17 $0.02 05/29/2020 $5.03 $0.02
12/19/2019 $5.19 $0.00 06/30/2020 $5.06 $0.02
Top Sector Exposures (% Notional Value)6
Investment Grade Corporates7 22.08Non-US Developed Bonds 12.20Non-Local Currency Emerging Market Bonds 12.02High Yield Corporates 10.96Interest Rate Derivatives 9.84Residential Mortgage-Backed Securities 8.78Agency Mortgage-Backed Securities 8.44TIPS 6.15Other 19.78Currency Derivatives -0.34
Cash & Cash Equivalents8 5.99
Bond Ratings (% Notional Value)6,9
AAA 26.96 CCC 2.38AA 6.03 CC 0.16A 14.96 C 0.05BBB 30.79 Not Rated 1.85
BB 6.34NotApplicable -0.18
B 10.77Cash & CashEquivalents 5.99
387 FFE 0620
franklintempleton.ca 18Dealer Use Only / Not for Distribution to the Public
* As of June 30, 2020. © 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Franklin Global Growth Fund Series F is rated within Morningstar Global Equity category. As of June 30, 2020, there were 2,051, 1,519, 997 and 585 funds over 1, 3, 5 years and since inception, respectively. Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life sub accounts, exchange traded funds, closed end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance � gures associated with its 3-, 5- and 10-year (if applicable) Morningstar Ratings metrics. The weights are 100% 3-year rating for 36−59 months of total returns, 60% 5-year rating 40% 3-year rating for 60−119 months of total returns, and 50% 10-year rating 30% 5-year rating 20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. Please refer to www.morningstar.ca for more details on the calculation of Morningstar Ratings. The historical annual compound rates of return for Series F units of Franklin Global Growth Fund as of June 30, 2020, are: 1 year 24.99%; 3-years 15.35%; 5-years 12.84%; and 12.95% since inception June 20, 2011. The indicated rates of return are historical annual compounded total returns including changes in unit or share value and reinvestment of all distributions and dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund fact document before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. © 2020 Franklin Templeton. All rights reserved.
GROWTH DONE DIFFERENTLYFranklin Global Growth Fund gives you worldwide exposure to companies that can produce growth through the ups and downs of a market cycle. Invest in a diversi� ed and high-conviction portfolio that can navigate volatility, manage risk and expand your opportunities. Grow your portfolio with Franklin Global Growth Fund.
franklintempleton.ca/globalgrowth
FRANKLIN GLOBAL GROWTH FUND– Series F
★ ★ ★ ★ ★Morningstar Rated Fund™*
CAEN_GLOBALGROWTH_ROCK_8X10.875_AM_0720.indd 1CAEN_GLOBALGROWTH_ROCK_8X10.875_AM_0720.indd 1 7/22/20 15:177/22/20 15:17
19 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin U.S. Monthly Income Fund
Global BalancedFranklin June 30, 2020
Fund Overview
Total Net Assets $212,204,3761
Inception Date Series A: 06/19/2013
Series F: 06/19/2013
Number of Holdings 136
Morningstar Category TM Global Neutral Balanced
Benchmark Blended 50% MSCI USAHigh Dividend Yield Index
+ 25% BloombergBarclays High Yield Very
Liquid Index + 25%Bloomberg Barclays US
Aggregate Index
Investment Objective & StrategyMaximize income while maintaining prospects for long-termcapital appreciation by investing primarily in a diversifiedportfolio of dividend-paying stocks, bonds and convertiblesecurities issued in the U.S.
Fund Management
Edward D. Perks 27 Years, California, United States
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)2
Equity 48.26
Fixed Income 42.36
Convertibles/Equity-Linked Notes 7.21
Cash & Cash Equivalents 2.18
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML3640 TML3651 TML3662 TML3673Series A DSC TML3642 TML3653 TML3664 TML3675Series A Low Load TML3641 TML3652 TML3663 TML3674Series F TML3643 TML3654 TML3665 TML3676Series F ADM TML5014 TML5037 TML5159 TML5178Series FT TML3647 TML3669Series FT ADM TML5050 TML5215Series I (Closed to newinvestors)
TML3644 TML3655 TML3666 TML3677
Series O TML3645 TML3656 TML3667 TML3678Series OT TML3646 TML3668Series PA Front TML5517 TML5520 TML5505 TML5508Series PA DSC TML5519 TML5522 TML5507 TML5510Series PA Low Load TML5518 TML5521 TML5506 TML5509Series PF TML3904 TML3905 TML3782 TML3783Series PF ADM TML5082 TML5108 TML5195 TML5208Series PFT TML3906Series PFT ADM TML5127Series PT Front TML5523 TML5526 TML5511 TML5514Series PT DSC TML5525 TML5528 TML5513 TML5516Series PT Low Load TML5524 TML5527 TML5512 TML5515Series T Front TML3648 TML3659 TML3670 TML3681Series T DSC TML3650 TML3661 TML3672 TML3683Series T Low Load TML3649 TML3660 TML3671 TML3682
1 Inclusive of trust and corporate class versions where applicable.2 Market value figures reflect the trading value of the investments, may not total 100%
and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
3 Please see detailed definitions on the last page.4 The fund may also pay capital gains in December if required.5 Sources: S&P and Moody’s. Cash and equivalents are excluded from this breakdown.
REASONS TO INVEST IN THIS FUND:• Flexible and opportunistic investment approach. The fund sets no formal targets with respect to its equity and fixed
income allocation and looks opportunistically across the capital structure to focus on investment opportunities that offerthe most compelling risk-reward profiles.
• A strategic approach to income. The fund is structured to generate income while maintaining the prospect for long-termcapital gain by investing strategically in dividend-paying stocks, bonds and convertible securities.
• Experienced management team. Having joined Franklin Templeton in 1992, Ed Perks, CFA, has been the lead portfoliomanager of the strategy since 2004.
PerformanceCalendar Year Returns in Canadian Dollars (%)
14.511.3 11.5
0.6 2.5
8.5
15.812.5 12.8
1.7 3.7
9.6
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -3.71 -1.33 4.70 -3.71 -0.60 2.52 4.68 n/a 7.31
Series F‡ -3.17 -1.24 4.99 -3.17 0.52 3.66 5.85 n/a 8.50^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)2
Government of The United States of America 6.81
Community Health Systems Inc 5.04
Government National Mortgage Association 3.56
Bank of America Corp. 2.64
Tenet Healthcare Corp 2.64
T-Mobile USA Inc 2.48
CVS Health Corp 2.12
JPMorgan Chase & Co. 2.12
Bristol Myers Squibb Co. 2.03
Apple Inc. 1.98
Fund FactsPrice per Unit (Series A) $13.12
Yield to Maturity3 4.07%
Average Weighted Maturity3 3.9 Years
Average Duration 3.1 Years
Duration to Worst 3.3 Years
Portfolio Turnover Rate(12/31/2019)
19.37%
MER (12/31/2019 incl. HST) A: 2.27%F: 1.16%
Management Fee A: 1.85%F: 0.85%
Yield to Worst3 4.00%
Distributions Income paidmonthly4
Composition of FundTop Country Weightings (% Equity Market Value)2
United States 91.10United Kingdom 4.78Germany 2.58Australia 1.53
Bond Ratings (% Fixed Income Market Value)2,5
AAA 11.31 B 12.34A 1.63 CCC 3.19BBB 7.16 C 0.17BB 6.55 AAA 11.31
Series A Distribution HistoryDate Price Distr. Date Price Distr.07/31/2019 $13.66 $0.03 01/31/2020 $13.80 $0.03
08/30/2019 $13.65 $0.03 02/28/2020 $13.31 $0.03
09/30/2019 $13.73 $0.03 03/31/2020 $12.60 $0.03
10/31/2019 $13.71 $0.03 04/30/2020 $13.17 $0.03
11/29/2019 $13.88 $0.03 05/29/2020 $13.32 $0.03
12/19/2019 $13.83 $0.15 06/30/2020 $13.12 $0.03
Top Sector Weightings (Equity as a % of Total Market Value)2
Information Technology 10.50Health Care 7.85Financials 7.74Communication Services 5.46Utilities 5.15Industrials 5.11Consumer Discretionary 4.78Energy 3.61Consumer Staples 2.99Materials 2.01Real Estate 0.28
Top Sector Weightings (Fixed Income as a % of Total Fund)Corporate 30.66Government/Agency 11.31Other 0.38Cash & Cash Equivalents 2.18
3640 FFE 0620
franklintempleton.ca 20Dealer Use Only / Not for Distribution to the Public
Franklin U.S. Monthly Income Hedged CorporateClass
Global BalancedFranklin June 30, 2020
Fund Overview
Total Net Assets $22,467,019
Inception Date Series A: 06/28/2013
Series F: 06/28/2013
Number of Holdings1 136
Morningstar Category TM Global Neutral Balanced
Benchmark Blended 50% MSCI USAHigh Dividend Yield Index
(CAD Hedged) + 25%Bloomberg Barclays High
Yield Very Liquid Index(CAD Hedged) + 25%
Bloomberg Barclays USAggregate Index (CAD
Hedged)
Investment Objective & StrategyMaximize income while maintaining prospects for long-termcapital appreciation by investing substantially all of its assetsin units of Franklin U.S. Monthly Income Fund (the "underlyingfund"). The underlying fund invests in a diversified portfolio ofdividend-paying stocks, bonds and convertible securities.Franklin U.S. Monthly Income Hedged Corporate Class useshedging strategies to reduce the impact of currencyfluctuations between the U.S. and Canadian dollars.
Fund Management
Edward D. Perks 27 Years, California, United States
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)2
Equity 48.26
Fixed Income 42.36
Convertibles/Equity-Linked Notes 7.21
Cash & Cash Equivalents 2.18
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML3684Series A DSC TML3686Series A Low Load TML3685Series F TML3687Series F ADM TML5160Series FT TML3691Series FT ADM TML5216Series I (Closed to newinvestors)
TML3688
Series O TML3689Series OT TML3690Series PA (Hedged) Front TML5529Series PA (Hedged) DSC TML5531Series PA (Hedged) Low Load TML5530Series PF TML3821Series PF ADM TML5196Series PT (Hedged) Front TML5532Series PT (Hedged) DSC TML5534Series PT (Hedged) Low Load TML5533Series T Front TML3692Series T DSC TML3694Series T Low Load TML3693
1 The holdings listed are an outline of the investments held in the Reference Fund(Franklin U.S. Monthly Income Fund) as a percentage of its net assets.
2 Market value figures reflect the trading value of the investments, may not total 100%and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
3 Please see detailed definitions on the last page.4 Sources: S&P and Moody’s. Cash and equivalents are excluded from this breakdown.
REASONS TO INVEST IN THIS FUND:• Flexible and opportunistic investment approach. The investment mandate sets no formal targets with respect to its
equity and fixed-income allocation, and looks opportunistically across the capital structure to focus on investmentopportunities that offer the most compelling risk-reward profiles.
• A strategic approach. The underlying fund is structured to generate income while maintaining the prospect for long-termcapital gain by investing strategically in dividend-paying stocks, bonds and convertible securities.
• Experienced management team. Having joined Franklin Templeton in 1992, Ed Perks, CFA, has been the lead portfoliomanager of the strategy since 2004.
• Reduced currency risk. The fund uses hedging strategies to reduce the impact of currency fluctuations between theU.S. and Canadian dollars.
PerformanceCalendar Year Returns in Canadian Dollars (%)
5.7
-6.0
13.4
6.1
-7.1
11.8
6.9
-5.0
14.9
7.3
-6.0
13.1
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -7.96 -0.37 7.41 -7.96 -4.80 -0.48 1.59 n/a 2.88
Series F‡ -7.45 -0.29 7.71 -7.45 -3.70 0.65 2.77 n/a 4.04^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)2
Government of The United States of America 6.81
Community Health Systems Inc 5.04
Government National Mortgage Association 3.56
Bank of America Corp. 2.64
Tenet Healthcare Corp 2.64
T-Mobile USA Inc 2.48
CVS Health Corp 2.12
JPMorgan Chase & Co. 2.12
Bristol Myers Squibb Co. 2.03
Apple Inc. 1.98
Fund FactsPrice per Unit (Series A) $12.01
Yield to Maturity3 4.07%
Average Weighted Maturity3 3.9 Years
Average Duration 3.1 Years
Duration to Worst 3.3 Years
Portfolio Turnover Rate(12/31/2019)
19.37%
MER (12/31/2019 incl. HST) A: 2.33%F: 1.20%
Management Fee A: 1.85%F: 0.85%
Yield to Worst3 4.00%
Composition of FundTop Country Weightings (% Equity Market Value)2
United States 91.10United Kingdom 4.78Germany 2.58Australia 1.53
Bond Ratings (% Fixed Income Market Value)2,4
A 1.63 B 12.34BBB 7.16 CCC 3.19BB 6.55 C 0.17
Top Sector Weightings (Equity as a % of Total Market Value)2
Information Technology 10.50Health Care 7.85Financials 7.74Communication Services 5.46Utilities 5.15Industrials 5.11Consumer Discretionary 4.78Energy 3.61Consumer Staples 2.99Materials 2.01Real Estate 0.28
Top Sector Weightings (Fixed Income as a % of Total Fund)Corporate 30.66Government/Agency 11.31Other 0.38Cash & Cash Equivalents 2.18
3684 FFE 0620
21 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin U.S. Opportunities Fund
U.S. EquityFranklin June 30, 2020
Fund Overview
Total Net Assets $388,232,4191
Inception Date Series A: 04/14/1997
Series F: 11/24/2000
Number of Holdings 85
Morningstar Category TM US Equity
Benchmark Russell 3000 GrowthIndex
Investment Objective & StrategyCapital appreciation by investing primarily in U.S. equities thatdemonstrate either accelerating growth, increasing profitability,above-average growth or above-average growth potentialwhen compared to the overall economy. The fund may investup to 25% of total assets in other countries.
Fund Management
Grant Bowers 26 Years, California, United States
Sara Araghi 16 Years, California, United States
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 98.14
Cash & Cash Equivalents 1.86
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML214 TML814 TML985 TML987Series A DSC TML314 TML914 TML986 TML988Series A Low Load TML573 TML574 TML807 TML808Series F TML244 TML834 TML989 TML990Series F ADM TML5015 TML5038 TML5138 TML5162Series O TML124 TML133 TML993 TML994Series PA Front TML5541 TML5544 TML5535 TML5538Series PA DSC TML5543 TML5546 TML5537 TML5540Series PA Low Load TML5542 TML5545 TML5536 TML5539Series PF TML3907 TML3908Series PF ADM TML5083 TML5109
1 Inclusive of trust and corporate class versions where applicable.
REASONS TO INVEST IN THIS FUND:• Flexible investment approach. The fund seeks companies located in any industry, ranging from small, emerging
companies with unique products to large, well-established companies that have stood the test of time.• Demonstrated drivers of growth. Each security on the buy list must have a clear growth advantage, such as market
opportunity, competitive positioning, strong management or financial strength and profitability, and demonstrate anappropriate trade-off between risk and potential return.
PerformanceCalendar Year Returns in Canadian Dollars (%)
7.9
-4.0
4.5
43.6
13.921.8
-7.7
18.65.5
24.5
9.1
-2.8
5.7
45.3
15.223.1
-6.6
20.06.7
25.9
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A 19.71 3.11 26.41 19.71 24.62 18.82 12.97 14.87 7.23
Series F‡ 20.38 3.20 26.76 20.38 26.04 20.18 14.24 16.18 4.75^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Amazon.com Inc. 8.96
Microsoft Corporation 6.76
Mastercard Incorporated 4.53
Visa Inc. 3.80
Apple Inc. 3.39
ServiceNow, Inc. 3.05
SBA Communications Corp 2.80
Alphabet Inc. 2.67
Costar Group Inc 2.38
UnitedHealth Group Inc. 2.20
Fund FactsPrice per Unit (Series A) $33.88
Portfolio Turnover Rate(12/31/2019)
36.93%
MER (12/31/2019 incl. HST) A: 2.52%F: 1.40%
Management Fee A: 2.00%F: 1.00%
Composition of FundTop Country Weightings (% of Total)
United States 95.14United Kingdom 2.11Canada 0.90Cash & Cash Equivalents 1.86
Top Sector Weightings (% of Total)Information Technology 40.74Health Care 16.50Consumer Discretionary 12.24Industrials 9.18Communication Services 6.34Financials 6.15Real Estate 3.68Consumer Staples 2.45Materials 0.87Cash & Cash Equivalents 1.86
214 FFE 0620
franklintempleton.ca 22Dealer Use Only / Not for Distribution to the Public
Franklin U.S. Rising Dividends Fund
U.S. EquityFranklin June 30, 2020
Fund Overview
Total Net Assets $987,104,8721
Inception Date Series A: 11/24/2000
Series F: 12/01/1984
Number of Holdings 55
Morningstar Category TM US Equity
Benchmark S&P 500 Index
Investment Objective & StrategyLong-term capital appreciation by investing primarily inAmerican equities, with at least 80% of net assets incompanies that have paid consistently rising dividends.
Fund Management
Nicholas Getaz 19 Years, New York, United States
Matt Quinlan 25 Years, California, United States
Amritha Kasturirangan 19 Years, New York, United States
Nayan M Sheth 18 Years, New York, United States
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 97.51
Cash & Cash Equivalents 2.49
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML201 TML801 TML2046 TML2051Series A DSC TML301 TML901 TML2048 TML2053Series A Low Load TML516 TML517 TML2047 TML2052Series A (Hedged) Front TML5829Series A (Hedged) DSC TML5831Series A (Hedged) Low Load TML5830Series F TML231 TML841 TML2049 TML2054Series F ADM TML5016 TML5039 TML5140 TML5163Series F (Hedged) TML5832Series F (Hedged) ADM TML5833Series I (Closed to newinvestors)
TML3740 TML3741
Series O TML111 TML141 TML2050 TML2055Series O (Hedged) TML5834Series PA Front TML5556 TML5559 TML5547 TML5550Series PA DSC TML5558 TML5561 TML5549 TML5552Series PA Low Load TML5557 TML5560 TML5548 TML5551Series PA (Hedged) Front TML5835Series PA (Hedged) DSC TML5837Series PA (Hedged) Low Load TML5836Series PF TML3909 TML3910 TML3742 TML3743Series PF ADM TML5084 TML5110 TML5183 TML5198Series PF (Hedged) TML3953Series PF (Hedged) ADM TML5131Series PFT TML3911Series PFT ADM TML5128Series PT Front TML5562 TML5553Series PT DSC TML5564 TML5555Series PT Low Load TML5563 TML5554Series PT (Hedged) Front TML5838Series PT (Hedged) DSC TML5840Series PT (Hedged) Low Load TML5839Series T Front TML3056 TML3155Series T DSC TML3058 TML3157Series T Low Load TML3057 TML3156Series T (Hedged) Front TML5841Series T (Hedged) DSC TML5843Series T (Hedged) Low Load TML5842
1 Inclusive of trust and corporate class versions where applicable.
REASONS TO INVEST IN THIS FUND:• A core U.S. holding. The fund is an ideal solution for investors seeking a core U.S. equity component for their portfolios.
The fund is designed to offer investors long-term growth and performance through dividend-paying U.S. equities.• Reinvesting for growth. The fund’s mandate focuses on investing in companies with a history of consistent and
substantial dividend increases and that have the potential for higher future cash flows.
PerformanceCalendar Year Returns in Canadian Dollars (%)
10.2 6.3 5.5
36.1
16.812.4 9.3 10.4
0.9
21.211.4 7.5 6.7
37.7
18.113.7 10.5 11.6
2.0
22.6
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -1.16 -0.56 14.95 -1.16 4.51 9.11 9.11 12.52 2.62
Series F‡ -0.61 -0.46 15.29 -0.61 5.66 10.34 10.33 13.79 7.41^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Microsoft Corporation 9.21
Roper Technologies Inc 5.62
Accenture PLC 3.89
Linde plc 3.71
Air Products and Chemicals, Inc. 3.51
Stryker Corp 3.39
Analog Devices, Inc. 3.32
Becton Dickinson and Co 3.19
Texas Instruments Incorporated 3.09
West Pharmaceutical Services Inc 3.00
Fund FactsPrice per Unit (Series A) $53.33
Portfolio Turnover Rate(12/31/2019)
4.44%
MER (12/31/2019 incl. HST) A: 2.51%F: 1.40%
Management Fee A: 2.00%F: 1.00%
Composition of FundTop Country Weightings (% of Total)
United States 93.80United Kingdom 3.71Brazil 0.00Cash & Cash Equivalents 2.49
Top Sector Weightings (% of Total)Industrials 22.87Information Technology 21.53Health Care 20.76Materials 11.08Consumer Discretionary 9.33Consumer Staples 8.06Energy 1.97Financials 1.92Cash & Cash Equivalents 2.49
201 FFE 0620
23 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin U.S. Rising Dividends Hedged CorporateClass
U.S. EquityFranklin June 30, 2020
Fund Overview
Total Net Assets $27,371,5121
Inception Date Series A: 10/29/2012
Series F: 10/29/2012
Number of Holdings2 55
Morningstar Category TM US Equity
Benchmark S&P 500 (Hedged CAD)
Investment Objective & StrategyLong-term capital appreciation by investing substantially all ofits assets in units of Franklin U.S. Rising Dividends Fund, aportfolio of American equities with a focus on companies thathave paid consistent and increasing dividends. The fund alsoseeks to minimize the impact of currency fluctuations betweenthe U.S. and Canadian dollars.
Fund Management
Nicholas Getaz 19 Years, New York, United States
Matt Quinlan 25 Years, California, United States
Amritha Kasturirangan 19 Years, New York, United States
Nayan M Sheth 18 Years, New York, United States
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 97.51
Cash & Cash Equivalents 2.49
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML3608Series A DSC TML3610Series A Low Load TML3609Series F TML3611Series F ADM TML5158Series O TML3612Series PA (Hedged) Front TML5565Series PA (Hedged) DSC TML5568Series PA (Hedged) Low Load TML5567Series PT (Hedged) Front TML5569Series PT (Hedged) DSC TML5571Series PT (Hedged) Low Load TML5570Series T Front TML3613Series T DSC TML3615Series T Low Load TML3614
1 Inclusive of trust and corporate class versions where applicable.2 The holdings listed are an outline of the investments held in the Reference Fund
(Franklin U.S. Rising Dividends Fund) as a percentage of its net assets.
REASONS TO INVEST IN THIS FUND:• A core U.S. holding. The fund is an ideal solution for investors seeking a core U.S. equity component for their portfolios.
It offers investors the potential for long-term growth and performance through dividend-paying U.S. equities.• Reinvesting for growth. Portfolio managers seek companies with a history of consistent and rising dividend increases,
and that have reinvested earnings for future growth.• Minimize currency risk. The fund applies a currency hedge to minimize the effects of changes in currency valuations.
PerformanceCalendar Year Returns in Canadian Dollars (%)
28.3
7.9
-5.4
11.217.1
-8.3
25.629.8
9.1
-4.3
12.518.4
-7.3
26.9
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -7.00 0.71 17.91 -7.00 -1.35 5.68 5.93 n/a 8.58
Series F‡ -6.48 0.80 18.24 -6.48 -0.26 6.86 7.11 n/a 9.81^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Microsoft Corporation 9.21
Roper Technologies Inc 5.62
Accenture PLC 3.89
Linde plc 3.71
Air Products and Chemicals, Inc. 3.51
Stryker Corp 3.39
Analog Devices, Inc. 3.32
Becton Dickinson and Co 3.19
Texas Instruments Incorporated 3.09
West Pharmaceutical Services Inc 3.00
Fund FactsPrice per Unit (Series A) $18.44
Portfolio Turnover Rate(12/31/2019)
4.44%
MER (12/31/2019 incl. HST) A: 2.54%F: 1.45%
Management Fee A: 2.00%F: 1.00%
Composition of FundTop Country Weightings (% of Total)
United States 93.80United Kingdom 3.71Brazil 0.00Cash & Cash Equivalents 2.49
Top Sector Weightings (% of Total)Industrials 22.87Information Technology 21.53Health Care 20.76Materials 11.08Consumer Discretionary 9.33Consumer Staples 8.06Energy 1.97Financials 1.92Cash & Cash Equivalents 2.49
3608 FFE 0620
franklintempleton.ca 24Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Canada Plus Equity Fund
Canadian EquityFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $4,628,024
Inception Date Series A: 07/17/2017
Series F: 07/17/2017
Number of Holdings 61
Morningstar Category TM Canadian Focused Equity
Benchmark Custom Franklin BissettCanada Plus Equity
Benchmark1
Investment Objective & StrategyThe fund aims to achieve long-term capital appreciation byinvesting primarily in a diversified portfolio of Canadian andU.S. equities, with the intent of managing the overall volatilityof the portfolio.
Fund Management
Garey J. Aitken 28 Years, Calgary, AB Canada
Tim Caulfield 20 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Canadian Equities 58.83
US Equity 39.08
Cash & Cash Equivalents 2.09
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML3964Series A DSC TML3966Series A Low Load TML3965Series F TML3967Series F ADM TML3986Series O TML3969
1 Custom Franklin Bissett Canada Plus Equity Benchmark is a blended index composedof S&P/TSX Composite TR Index (60%) and S&P 500 Index (40%).
2 The fund may also pay capital gains in December if required.
REASONS TO INVEST IN THIS FUND:• A diversified equity portfolio of high conviction Canadian and U.S. companies, managed to effectively balance risk and
return opportunities.• A core equity fund offering Canadian investors the growth opportunity of equities, and managed to mitigate the impact of
equity market downturns.• The fund’s distinctive GARP approach to investing uncovers growth-oriented companies at reasonable valuations. This
process enables the fund to access many quality Canadian companies overlooked by strict value and growth managers.
PerformanceCalendar Year Returns in Canadian Dollars (%)
-3.2
14.1
-2.1
15.4
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -6.81 -1.30 5.59 -6.81 -1.77 n/a n/a n/a 1.96
Series F‡ -6.26 -1.20 5.90 -6.26 -0.63 n/a n/a n/a 3.17^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Apple Inc. 3.75
Microsoft Corporation 3.56
Royal Bank of Canada 3.13
Fortis Inc/Canada 2.83
Alimentation Couche-Tard Inc. 2.74
Canadian National Railway Company 2.71
Canadian Pacific Railway Limited 2.71
Brookfield Asset Management, Inc. 2.69
Wheaton Precious Metals Corp. 2.63
Toronto-Dominion Bank 2.60
Fund FactsPrice per Unit (Series A) $10.40
Portfolio Turnover Rate(12/31/2019)
9.09%
MER (12/31/2019 incl. HST) A: 2.46%F: 1.31%
Management Fee A: 1.60%F: 0.60%
Distributions Income paidannually2
Composition of FundTop Country Weightings (% of Total)
Canada 57.31United States 40.91Cash & Cash Equivalents 1.77
Top Sector Weightings (% Equity)Financials 17.97Consumer Staples 15.91Information Technology 14.88Industrials 11.42Utilities 7.75Health Care 7.05Energy 7.04Communication Services 5.82Materials 5.52Consumer Discretionary 3.42Real Estate 2.03Index 1.18
3964 FFE 0620
25 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Canadian Balanced Fund
Canadian BalancedFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $507,366,5491
Inception Date Series A: 11/24/2000
Series F: 09/06/1991
Number of Holdings 12
Morningstar Category TM Canadian NeutralBalanced
Benchmark Custom Franklin BissettCanadian Balanced
Benchmark2
Investment Objective & StrategyA balance of current income and long-term capitalappreciation by investing primarily in a portfolio of FranklinBissett fixed-income and equity funds. The fund may alsoinvest in foreign securities.
Fund Management
Garey J. Aitken 28 Years, Calgary, AB Canada
Thomas O'Gorman 30 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)3
Equity 63.75
Fixed Income 35.56
Cash & Cash Equivalents 0.69
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML222 TML2056Series A DSC TML322 TML2058Series A Low Load TML597 TML2057Series F TML252 TML2059Series F ADM TML3987 TML5133Series I (Closed to newinvestors)
TML272 TML3750
Series O TML130 TML2060Series PA Front TML5256 TML5250Series PA DSC TML5258 TML5252Series PA Low Load TML5257 TML5251Series PF TML3884 TML3751Series PF ADM TML5055 TML5179Series PFT TML3885Series PFT ADM TML5118Series PT Front TML5259 TML5253Series PT DSC TML5261 TML5255Series PT Low Load TML5260 TML5254Series T Front TML298 TML3167Series T DSC TML299 TML3169Series T Low Load TML596 TML3168
1 Inclusive of trust and corporate class versions where applicable.2 Custom Franklin Bissett Canadian Balanced Benchmark is a blended index made up
of the FTSE Canada Universe Bond Index (35%), S&P/TSX Composite TR Index(32.5%), S&P/TSX Small Cap Index (5%), S&P 500 TR Index (CAD) (12.5%), MSCIEAFE GR Index (CAD) (10%) and Bloomberg Barclays Global Aggregate Bond Index(unhedged) (5%).
3 Market value figures reflect the trading value of the investments, may not total 100%and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
REASONS TO INVEST IN THIS FUND:• A diversified solution. Franklin Bissett Canadian Balanced Fund gives investors access to diversification by asset class,
market capitalization and geographic region for a low minimum investment of $500.• Its fund-of-funds approach makes it an ideal RRSP/RESP vehicle. Active management, according to the portfolio
manager's economic and market outlook, helps control risk and maximize return potential.
PerformanceCalendar Year Returns in Canadian Dollars (%)
10.3
-1.4
9.6
16.2
5.2
-3.5
11.4
4.6
-7.5
10.111.8
0.0
11.1
17.8
6.4
-2.3
12.7
5.9
-6.5
11.4
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -6.72 1.04 10.40 -6.72 -3.78 -0.73 1.09 4.65 3.82
Series F‡ -6.17 1.14 10.72 -6.17 -2.65 0.44 2.27 5.97 7.27^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Franklin Bissett Corporate Bond Fund 25.27
Franklin Bissett Monthly Income and Growth Fund 12.16
Franklin Bissett Canadian Equity Fund 11.59
Franklin Bissett Small Cap Fund 10.15
Franklin ActiveQuant Canadian Fund 7.47
Franklin Bissett Core Plus Bond Fund 6.05
Franklin ActiveQuant U.S. Fund 6.04
Franklin U.S. Rising Dividends Fund 5.04
Franklin Bissett Canadian Bond Fund 4.24
Franklin Mutual Global Discovery Fund 4.20
Fund FactsPrice per Unit (Series A) $28.51
Yield to Maturity 2.80%
Average Weighted Maturity 10.9 Years
Average Duration 7.6 Years
Duration to Worst 7.5 Years
Portfolio Turnover Rate(12/31/2019)
9.69%
MER (12/31/2019 incl. HST) A: 2.25%F: 1.07%
Management Fee A: 1.85%F: 0.85%
Yield to Worst 2.77%
Composition of FundGeographic Weightings (% of Total)3
Canada 67.73United States 22.24United Kingdom 1.37Japan 1.30Germany 1.02Switzerland 0.54Australia 0.41Hong Kong 0.39France 0.39Others 4.61
Top Sector Weightings (% Equity Market Value)3
Financials 32.42Information Technology 10.30Industrials 10.20Consumer Staples 8.87Materials 7.26Health Care 6.68Energy 5.97Communication Services 5.71Consumer Discretionary 5.41Utilities 3.99
Did you know? The Series T version of this Fund pays monthly distributions, calculated as 8% of the final NAV of the previous year and split into 12 monthlyinstallments. 8% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton.
222 FFE 0620
franklintempleton.ca 26Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Canadian Bond Fund
Canadian Fixed IncomeFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $367,517,774
Inception Date Series A: 01/05/2018
Series F: 01/05/2018
Number of Holdings 177
Morningstar Category TM Canadian Fixed Income
Benchmark FTSE Canada UniverseBond Index
Investment Objective & StrategyThe fund seeks to provide current income, liquidity and somelong-term capital appreciation by investing primarily in adiversified portfolio of Canadian government and corporatedebt securities. The fund may invest a portion of its assets inreal return bonds, mortgage-backed securities, preferredshares and in Canadian dollar denominated debt issued byforeign governments and corporations.
Fund Management
Thomas O'Gorman 30 Years, Calgary, AB Canada
Darcy Briggs 26 Years, Calgary, AB Canada
Brian A. Calder 21 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)2
Corporate Bonds 54.52
Provincial Bonds 29.01
Federal Bonds 14.64
Municipal Bonds 2.01
Cash and Equivalents -0.18
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML3978Series A DSC TML3980Series A Low Load TML3979Series F TML3981Series F ADM TML3988Series O TML3385
1 Please see detailed definitions on the last page.2 Market value figures reflect the trading value of the investments, may not total 100%
and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
3 Figures shown for Yield to Maturity, Weighted Average Maturity, Duration, Duration toWorst and Yield to Worst reflect certain derivatives held in the portfolio (or theirunderlying reference assets).
4 The Fund distributes any realized net capital gains annually in December and maymake distributions at other times during the year.
5 Sources: S&P and Moody’s. Cash includes equivalents, which may be rated.
REASONS TO INVEST IN THIS FUND:• Core high quality Canadian fixed income allocation. The Fund provides access to fixed income diversification by
sector, industry, issuer and maturity. The Fund invests 100% in high-quality bonds with an overweight to credit securitiesfor added longer-term value.
• Steady flow of income. The Fund is focused on total return with an emphasis on sustainable and attractive monthlyincome distributions.
• A complement to other asset classes. In addition to generating stable income, a Canadian fixed income allocationcomplements Canadian, foreign equity and foreign fixed income holdings in its low correlation to these asset classes.
PerformanceCalendar Year Returns in Canadian Dollars (%)
6.7 7.3
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A 6.35 2.09 7.59 6.35 6.29 n/a n/a n/a 5.43
Series F‡ 6.63 2.13 7.74 6.63 6.87 n/a n/a n/a 6.02^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)2
Province of Ontario, 5.60%, 6/02/35 2.56
PSP Capital Inc., Senior Note, Reg S, 3.29%, 4/04/24 2.54
Province of Alberta, 3.90%, 12/01/33 2.42
Province of Manitoba, 5.70%, 3/05/37 2.25
Province of New Brunswick, 4.55%, 3/26/37 2.24
Bank of Montreal, Senior Note, 3.19%, 3/01/28 2.22
CPPIB Capital Inc., Senior Note, Reg S, 1.95%,9/30/29 2.14
Province of Saskatchewan, 5.60%, 9/05/35 2.13
Labrador-Island Link Funding Trust, 144A, 3.76%,6/01/33 1.65
Province of Quebec, 8.50%, 4/01/26 1.61
Fund Facts3
Price per Unit (Series A) $10.37
Yield to Maturity1 1.92%
Average Weighted Maturity1 10.7 Years
Average Duration 8.2 Years
Duration to Worst 8.1 Years
Portfolio Turnover Rate(12/31/2019)
133.58%
MER (12/31/2019 incl. HST) A: 1.26%F: 0.72%
Management Fee A: 1.00%F: 0.50%
Yield to Worst1 1.91%
Distributions Interest income paidmonthly4
Composition of FundTop Country Weightings (% of Total)2
Canada 92.19United States 5.16Australia 1.05United Kingdom 0.99Belgium 0.79Cash & Cash Equivalents -0.18
Bond Ratings (% Market Value)5
AAA 15.80 BBB 19.82AA 29.49 BB 0.46A 34.43
Series A Distribution HistoryDate Price Distr. Date Price Distr.07/31/2019 $10.10 $0.03 01/31/2020 $10.19 $0.03
08/30/2019 $10.24 $0.03 02/28/2020 $10.21 $0.03
09/30/2019 $10.11 $0.04 03/31/2020 $9.72 $0.04
10/31/2019 $10.07 $0.03 04/30/2020 $10.17 $0.03
11/29/2019 $10.09 $0.03 05/29/2020 $10.19 $0.03
12/19/2019 $9.94 $0.07 06/30/2020 $10.37 $0.04
3978 FFE 0620
27 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Canadian Dividend FundEffective April 22, 2016, Franklin Bissett Canadian High Dividend Fund merged into Franklin Bissett Canadian Dividend Fund(“the fund”). As a result of the merger, the fund’s since inception performance calculations use the start date of April 25,2016.
Canadian DividendFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $258,315,6341
Inception Date Series A: 12/22/2003
Series F: 12/22/2003
Number of Holdings 38
Morningstar Category TM Canadian Dividend &Income Equity
Benchmark S&P/TSX CompositeIndex2
Investment Objective & StrategyLong-term capital appreciation by investing primarily individend-paying or income-producing Canadian securities,including common shares, income trust units and preferredshares.Portfolio managers look for quality companies at reasonableprices that have a proven ability to deliver a consistent andgrowing level of dividends over time.
Fund Management
Les Stelmach 21 Years, Calgary, AB Canada
Ryan Crowther 18 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 98.71
Cash & Cash Equivalents 1.29
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series PT Front TML5265Series PT DSC TML5267Series PT Low Load TML5266Series A Front TML1017 TML3476Series A DSC TML1018 TML3478Series A Low Load TML1019 TML3477Series F TML1020 TML3479Series F ADM TML3989 TML5154Series FT TML3483Series FT ADM TML5214Series I (Closed to newinvestors)
TML3870 TML3480
Series O TML1021 TML3481Series OT TML3482Series PA Front TML5268 TML5262Series PA DSC TML5270 TML5264Series PA Low Load TML5269 TML5263Series PF TML3886 TML3809Series PF ADM TML5057 TML5193Series T Front TML3484Series T DSC TML3486Series T Low Load TML3485
1 Inclusive of trust and corporate class versions where applicable.2 Custom Franklin Bissett Canadian Dividend Benchmark is a blended index composed
of the Scotia Capital Income Trust Total Return Index and the S&P/TSX CompositeTotal Return Index. The customized index reflects the returns of the S&P/TSXComposite Total Return Index on and after June 6, 2008, and another blendedbenchmark (composed of 60% Scotia Capital Income Trust Total Return Index and40% S&P/TSX Composite Total Return Index) prior to June 6, 2008.
3 The Fund may also pay capital gains in December if required.
REASONS TO INVEST IN THIS FUND:• Quality investments offering high yield dividends. The fund invests in businesses with low earnings volatility and solid
dividend records.• Diversified stream of tax-efficient income. With a regular stream of monthly income that may include dividends and
Return of Capital, the fund’s distributions are more tax-efficient than regular interest income.
PerformanceCalendar Year Returns in Canadian Dollars (%)
4.2
-12.3
17.1
5.4
-11.3
18.4
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -15.13 -0.83 6.21 -15.13 -11.69 -2.96 n/a n/a 0.99
Series F‡ -14.65 -0.74 6.50 -14.65 -10.68 -1.84 n/a n/a 2.14^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Royal Bank of Canada 6.45
Fortis Inc/Canada 4.74
Enbridge, Inc. 4.55
BCE Inc. 4.54
Toronto-Dominion Bank 4.37
Canadian National Railway Company 4.34
Metro Inc. 3.98
TELUS Corporation 3.96
Rogers Communications Inc. 3.89
Canadian Utilities Limited 3.76
Fund FactsPrice per Unit (Series A) $12.27
Portfolio Turnover Rate(12/31/2019)
14.57%
MER (12/31/2019 incl. HST) A: 2.33%F: 1.16%
Management Fee A: 1.90%F: 0.90%
Distributions Income paidmonthly3
Composition of FundGeographic Weightings (% of Total)
Canada 93.71United States 5.00Cash & Cash Equivalents 1.29
Series A Distribution HistoryDate Price Distr. Date Price Distr.07/31/2019 $14.33 $0.03 01/31/2020 $14.95 $0.03
08/30/2019 $14.23 $0.03 02/28/2020 $13.97 $0.03
09/30/2019 $14.72 $0.03 03/31/2020 $11.64 $0.04
10/31/2019 $14.37 $0.03 04/30/2020 $12.26 $0.03
11/29/2019 $14.85 $0.03 05/29/2020 $12.40 $0.03
12/19/2019 $14.70 $0.03 06/30/2020 $12.27 $0.03
Top Sector Weightings (% Equity)Financials 22.85Utilities 16.53Communication Services 12.54Consumer Staples 12.32Energy 11.77Materials 8.59Real Estate 8.25Industrials 4.40Information Technology 2.74
1017 FFE 0620
franklintempleton.ca 28Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Canadian Equity Fund
Canadian EquityFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $2,663,264,6521
Inception Date Series A: 11/24/2000
Series F: 03/01/1983
Number of Holdings 42
Morningstar Category TM Canadian Equity
Benchmark S&P/TSX CompositeIndex
Investment Objective & StrategyLong-term capital appreciation by investing primarily in adiversified portfolio of mid- to large-cap Canadian equities.
Fund Management
Garey J. Aitken 28 Years, Calgary, AB Canada
Tim Caulfield 20 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 93.43
Cash & Cash Equivalents 6.57
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML202 TML930Series A DSC TML302 TML931Series A Low Load TML518 TML779Series F TML232 TML932Series F ADM TML3990 TML5134Series I (Closed to newinvestors)
TML282 TML3695
Series O TML112 TML934Series OT TML3696Series PA Front TML5277 TML5271Series PA DSC TML5279 TML5273Series PA Low Load TML5278 TML5272Series PF TML3888 TML3744Series PF ADM TML5058 TML5180Series PT Front TML5274Series PT DSC TML5276Series PT Low Load TML5275Series T Front TML3697Series T DSC TML3699Series T Low Load TML3698
1 Inclusive of trust and corporate class versions where applicable.
REASONS TO INVEST IN THIS FUND:• 100% pure Canadian equities with a long-term focus. The fund is 100% focused on Canadian equities with a bias
towards dividend payers and growers that typically outperform over the long term.• The fund’s GARP approach to investing uncovers growth-oriented companies at reasonable valuations. This
process enables the fund to access many quality Canadian companies overlooked by strict value and growth managers.
PerformanceCalendar Year Returns in Canadian Dollars (%)
18.0
-6.9
13.920.5
9.2
-9.2
20.9
4.2
-11.4
18.719.4
-5.8
15.422.0
10.7
-8.0
22.4
5.6
-10.3
20.3
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -11.95 -0.31 8.36 -11.95 -7.09 -1.33 1.60 6.02 5.12
Series F‡ -11.39 -0.21 8.69 -11.39 -5.90 -0.03 2.94 7.41 9.73^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Royal Bank of Canada 5.16
Brookfield Asset Management, Inc. 4.42
Alimentation Couche-Tard Inc. 4.03
Toronto-Dominion Bank 4.03
Canadian National Railway Company 3.94
Wheaton Precious Metals Corp. 3.92
Canadian Pacific Railway Limited 3.84
Open Text Corp 3.74
Loblaw Cos Ltd 3.73
Metro Inc. 3.58
Fund FactsPrice per Unit (Series A) $88.96
Portfolio Turnover Rate(12/31/2019)
14.96%
MER (12/31/2019 incl. HST) A: 2.46%F: 1.15%
Management Fee A: 2.00%F: 1.00%
Composition of FundTop Country Weightings (% of Total)
Canada 90.72United States 2.71Cash & Cash Equivalents 6.57
Top Sector Weightings (% Equity)Financials 25.11Consumer Staples 14.53Industrials 12.77Energy 9.07Materials 8.74Utilities 8.09Information Technology 7.80Communication Services 7.28Real Estate 3.65Consumer Discretionary 2.97
202 FFE 0620
29 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Canadian Government BondFund
Canadian Fixed IncomeFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $823,057,237
Inception Date Series F: 11/14/2016
Number of Holdings 82
Morningstar Category TM Canadian Fixed Income
Benchmark FTSE Canada AllGovernment Bond Index
Investment Objective & StrategyThe fund seeks current income, liquidity and modest capitalappreciation by investing primarily in bonds issued byCanadian federal, provincial and municipal governments andgovernment agencies, including mortgage-backed securitiesand real return bonds.
Fund Management
Brian A. Calder 21 Years, Calgary, AB Canada
Darcy Briggs 26 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)4
Provincial Bonds 59.55
Federal Bonds 39.16
Municipal Bonds 1.24
Cash and Equivalents 0.05
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series F TML3946Series F ADM TML3991Series O TML3948
1 Please see detailed definitions on the last page.2 The fund may also pay capital gains in December if required.3 Sources: S&P and Moody’s. Cash includes equivalents, which may be rated.4 Market value figures reflect the trading value of the investments, may not total 100%
and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
REASONS TO INVEST IN THIS FUND:• Diversification. Low or no correlation between Canadian government bonds and other fixed income and equity securities
makes them an ideal choice for managing portfolio risk.• Steady Flow of Income. Despite global market volatility and lower government yields across developed economies,
Canadian government bonds have continued to provide competitive yields over the past 10 years.• Depth and breadth of research. In a low government bonds yield environment, our extensive research and fully-
integrated risk management approach can help reduce the risk of market pitfalls and benefit from market dislocations.
PerformanceCalendar Year Returns in Canadian Dollars (%)
2.8
0.5
6.5
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series F 7.60 1.43 6.07 7.60 7.36 4.98 n/a n/a 4.71^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)4
Province of Alberta, 3.90%, 12/01/33 4.16
Omers Finance Trust, Senior Note, Reg S, 2.60%,5/14/29 4.15
PSP Capital Inc., Senior Note, Reg S, 3.29%, 4/04/24 3.99
Province of Alberta, 3.50%, 6/01/31 3.54
Canada Post Corp., 4.08%, 7/16/25 3.54
Province of Alberta, 3.45%, 12/01/43 3.29
PSP Capital Inc., Senior Bond, 2.05%, 1/15/30 3.21
PSP Capital Inc., Senior Note, Reg S, 3.03%,10/22/20 3.20
Province of Quebec, Senior Bond, 9.375%, 1/16/23 2.69
Canada Post Corp., Senior Bond, 4.36%, 7/16/40 2.43
Fund FactsPrice per Unit (Series F) $10.41
Yield to Maturity1 1.38%
Average Weighted Maturity1 11.5 Years
Average Duration 9.0 Years
Duration to Worst 8.9 Years
Portfolio Turnover Rate(12/31/2019)
156.46%
MER (12/31/2019 incl. HST) F: 0.52%
Management Fee F: 0.35%
Yield to Worst1 1.38%
Distributions Income paidmonthly2
Composition of FundTop Country Weightings (% of Total)4
Canada 99.95Cash & Cash Equivalents 0.05
Bond Ratings (% of Fixed Income)3,4
AAA 39.59 A 17.41AA 43.00
Series F Distribution HistoryDate Price Distr. Date Price Distr.07/31/2019 $10.04 $0.02 01/31/2020 $10.06 $0.02
08/30/2019 $10.24 $0.02 02/28/2020 $10.11 $0.02
09/30/2019 $10.11 $0.03 03/31/2020 $9.87 $0.03
10/31/2019 $10.07 $0.02 04/30/2020 $10.28 $0.02
11/29/2019 $10.10 $0.02 05/29/2020 $10.29 $0.02
12/31/2019 $9.78 $0.18 06/30/2020 $10.41 $0.03
3946 FFE 0620
franklintempleton.ca 30Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Short Duration Bond FundAs of June 10, 2019, Franklin Bissett Canadian Short Term Bond Fund was renamed to Franklin Bissett Short Duration BondFund.
Canadian Fixed IncomeFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $430,199,0961
Inception Date Series A: 12/22/2003
Series F: 12/22/2003
Number of Holdings 324
Morningstar Category TM Canadian Short TermFixed Income
Benchmark FTSE Canada Short TermOverall Bond Index
Investment Objective & StrategyHigh current income and preservation of capital by investingprimarily in Canadian fixed-income securities includingCanadian federal and provincial government bonds, corporatebonds, debentures and short-term notes. The fund may alsoinvest in securities backed by mortgages or other financialassets, and dividend-paying shares of Canadian companies.The fund may invest in foreign fixed-income securities. Theaverage weighted term-to-maturity of the fund’s investments isfive years or less.
Fund Management
Darcy Briggs 26 Years, Calgary, AB Canada
Adrienne Young 25 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)2
Corporate Bonds 60.70
Federal Bonds 19.84
Provincial Bonds 19.26
Municipal Bonds 0.66
Cash and Equivalents 0.40
Bank Loans 0.26
Other -1.11
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML1012Series A DSC TML1013Series A Low Load TML1014Series F TML1015Series F ADM TML3992Series O TML1016
1 Inclusive of trust and corporate class versions where applicable.2 Market value figures reflect the trading value of the investments, may not total 100%
and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
3 Figures shown for Yield to Maturity, Weighted Average Maturity, Duration, Duration toWorst and Yield to Worst reflect certain derivatives held in the portfolio (or theirunderlying reference assets).
4 Please see detailed definitions on the last page.5 The fund may also pay capital gains in December if required.6 Sources: S&P and Moody’s. Cash includes equivalents, which may be rated.
REASONS TO INVEST IN THIS FUND:• Franklin Bissett’s fixed income expertise. Franklin Bissett has been managing fixed income investments for nearly 30
years for individual, institutional and high net-worth clients.• Lower portfolio volatility. As short-term bonds are generally less sensitive to interest rate movements than longer-term
bonds, they can help minimize the impact of rising rates on a portfolio and reduce overall portfolio volatility.
PerformanceCalendar Year Returns in Canadian Dollars (%)
2.23.3
1.80.8
2.4
0.7
2.1
0.7 0.4
3.62.7
3.9
2.41.4
3.0
1.2
2.7
1.2 1.0
4.2
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A 2.52 0.93 4.16 2.52 3.12 2.16 1.67 1.94 2.51
Series F‡ 2.79 0.98 4.30 2.79 3.68 2.72 2.22 2.50 3.06^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Province of Ontario, 3.15%, 6/02/22 4.52
Canada Housing Trust No. 1, Secured Bond, 144A,2.40%, 12/15/22 3.09
Canada Housing Trust, Secured Bond, 144A, 3.80%,6/15/21 2.90
U.S. Treasury Note, .125%, 5/31/22 2.22
Province of Ontario, 4.00%, 6/02/21 2.20
Province of Ontario, 2.60%, 9/08/23 2.16
Province of Ontario, 2.60%, 6/02/25 1.95
U.S. Treasury Note, .25%, 6/30/25 1.74
Bank of Montreal, Senior Note, 3.19%, 3/01/28 1.45
PSP Capital Inc., Senior Note, Reg S, 1.73%, 6/21/22 1.40
Fund Facts3
Price per Unit (Series A) $8.55
Yield to Maturity4 1.69%
Average Weighted Maturity4 4.0 Years
Average Duration 2.9 Years
Duration to Worst 2.9 Years
Portfolio Turnover Rate(12/31/2019)
85.44%
MER (12/31/2019 incl. HST) A: 1.16%F: 0.56%
Management Fee A: 0.85%F: 0.35%
Yield to Worst4 1.63%
Distributions Interest income paidmonthly5
Composition of FundTop Country Weightings (% Market Value)2
Canada 75.58United States 21.19Germany 1.14Australia 0.79United Kingdom 0.69Belgium 0.15Luxembourg 0.06FX Forwards -0.01Cash & Cash Equivalents 0.40
Bond Ratings (% Fixed Income Market Value)2,6
AAA 22.00 BB 4.28AA 30.48 B 0.70A 17.42 CCC 0.19BBB 24.93
Series A Distribution HistoryDate Price Distr. Date Price Distr.07/31/2019 $8.60 $0.02 01/31/2020 $8.53 $0.02
08/30/2019 $8.64 $0.02 02/28/2020 $8.55 $0.02
09/30/2019 $8.59 $0.03 03/31/2020 $8.26 $0.03
10/31/2019 $8.58 $0.02 04/30/2020 $8.46 $0.02
11/29/2019 $8.58 $0.02 05/29/2020 $8.49 $0.02
12/19/2019 $8.44 $0.13 06/30/2020 $8.55 $0.03
1012C FFE 0620
31 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Core Plus Bond Fund
Canadian Fixed IncomeFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $2,173,683,6931
Inception Date Series A: 11/24/2000
Series F: 08/01/1986
Number of Holdings 455
Morningstar Category TM Canadian Fixed Income
Benchmark FTSE Canada UniverseBond Index
Investment Objective & StrategyHigh current income and some long-term capital appreciationby investing primarily in Canadian federal and provincialgovernment and corporate bonds, debentures and short-termnotes. The fund maintains an overweighted position in high-quality corporate and provincial issues, and an underweightedposition in Canadian federal bonds. The fund may invest inforeign securities.
Fund Management
Darcy Briggs 26 Years, Calgary, AB Canada
Thomas O'Gorman 30 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)2
Corporate Bonds 50.49
Provincial Bonds 22.59
Federal Bonds 21.60
Bank Loans 3.80
Municipal Bonds 1.73
Cash and Equivalents 0.20
Other -0.42
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML200Series A DSC TML300Series A Low Load TML515Series F TML230Series F ADM TML3993Series I (Closed to newinvestors)
TML280
Series O TML110
1 Inclusive of trust and corporate class versions where applicable.2 Market value figures reflect the trading value of the investments, may not total 100%
and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
3 Figures shown for Yield to Maturity, Weighted Average Maturity, Duration, Duration toWorst and Yield to Worst reflect certain derivatives held in the portfolio (or theirunderlying reference assets).
4 Please see detailed definitions on the last page.5 The fund may also pay capital gains in December if required.6 Sources: S&P and Moody’s. Cash includes equivalents, which may be rated.
REASONS TO INVEST IN THIS FUND:• An experienced bond investor. With nearly 30 years of fixed income experience, this fund is ideal for investors seeking a
wealth of successful bond investment expertise.• Lower portfolio risk. Adding bonds to a portfolio can lower volatility by providing added stability and a regular stream of
income, which is reassuring in any market environment.• "Core Plus" Investing. The fund's primary investment focus is on core bonds issued in Canada with the potential for
enhanced returns through global diversification.
PerformanceCalendar Year Returns in Canadian Dollars (%)
6.17.2
3.3
-1.4
7.3
0.6
3.3 2.9
-0.6
7.27.08.1
4.1
-0.7
8.2
1.3
4.0 3.7
0.0
7.8
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A 5.50 1.83 6.91 5.50 5.97 4.05 3.40 3.68 4.37
Series F‡ 5.78 1.88 7.06 5.78 6.56 4.68 4.07 4.41 6.64^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)U.S. Treasury Bond, 2.375%, 11/15/49 2.96
U.S. Treasury Note, .625%, 5/15/30 2.26
U.S. Treasury Note, .25%, 6/30/25 1.53
Province of Ontario, 5.60%, 6/02/35 1.48
Province of Ontario, 3.15%, 6/02/22 1.46
Province of Alberta, 2.55%, 6/01/27 1.43
Province of New Brunswick, 4.55%, 3/26/37 1.28
CPPIB Capital Inc., Senior Note, Reg S, 1.95%,9/30/29 1.25
Canada Housing Trust No. 1, Second Lien, 144A,1.90%, 9/15/26 1.23
U.S. Treasury Note, .125%, 5/31/22 1.22
Fund Facts3
Price per Unit (Series A) $12.27
Yield to Maturity4 2.29%
Average Weighted Maturity4 11.2 Years
Average Duration 8.3 Years
Duration to Worst 8.2 Years
Portfolio Turnover Rate(12/31/2019)
153.44%
MER (12/31/2019 incl. HST) A: 1.28%F: 0.69%
Management Fee A: 1.00%F: 0.50%
Yield to Worst4 2.25%
Distributions Interest income paidmonthly5
Composition of FundTop Country Weightings (% Market Value)2
Canada 75.07United States 22.97Australia 0.99United Kingdom 0.50Belgium 0.21Germany 0.06FX Forwards 0.05Cash & Cash Equivalents 0.16
Bond Ratings (% Fixed Income Market Value)2,6
AAA 22.82 BB 3.57AA 22.66 B 2.52A 25.34 CCC 0.25BBB 22.65 D 0.19
Series A Distribution HistoryDate Price Distr. Date Price Distr.08/30/2019 $12.18 $0.03 01/31/2020 $12.14 $0.03
09/30/2019 $12.03 $0.04 02/28/2020 $12.20 $0.03
10/31/2019 $11.97 $0.03 03/31/2020 $11.56 $0.04
11/14/2019 $11.88 $0.07 04/30/2020 $12.04 $0.03
11/29/2019 $11.95 $0.01 05/29/2020 $12.08 $0.03
12/19/2019 $11.85 $0.03 06/30/2020 $12.27 $0.04
200 FFE 0620
franklintempleton.ca 32Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Corporate Bond Fund
Canadian Fixed IncomeFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $163,020,3851
Inception Date Series A: 12/18/2006
Series F: 12/18/2006
Number of Holdings 289
Morningstar Category TM Canadian CorporateFixed Income
Benchmark FTSE Canada AllCorporate Bond Index
Investment Objective & StrategyHigh current income and some long-term capital appreciationby investing primarily in bonds, debentures, notes, revenuebonds, as well as asset- and mortgage-backed securities ofCanadian corporate entities.
Fund Management
Adrienne Young 25 Years, Calgary, AB Canada
Darcy Briggs 26 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)2
Corporate Bonds 95.80
Federal Bonds 3.38
Bank Loans 1.09
Cash and Equivalents 0.94
Other -1.22
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML2061Series A DSC TML2063Series A Low Load TML2062Series F TML2064Series F ADM TML3994Series I (Closed to newinvestors)
TML3384
Series O TML2065
1 Inclusive of trust and corporate class versions where applicable.2 Market value figures reflect the trading value of the investments, may not total 100%
and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
3 Figures shown for Yield to Maturity, Weighted Average Maturity, Duration, Duration toWorst and Yield to Worst reflect certain derivatives held in the portfolio (or theirunderlying reference assets).
4 Please see detailed definitions on the last page.5 The fund may also pay capital gains in December if required.6 May not include all sectors.7 Sources: S&P and Moody’s. Cash includes equivalents, which may be rated.
REASONS TO INVEST IN THIS FUND:• Ideal complement to a diversified income strategy. The fund is Ideal for investors seeking a great addition to an
income portfolio that may already include dividend-paying equities, income trusts, government bonds and GICs.• Potential for increased fixed income returns. The fund offers fixed-income investors the potential for higher returns by
focusing primarily on investment-grade corporate bonds, debentures and short-term notes.
PerformanceCalendar Year Returns in Canadian Dollars (%)
5.3 5.8 5.4
0.1
5.9
-0.3
5.12.8
-1.6
8.8
5.8 6.5 6.1
0.7
6.4
0.4
5.73.6
-1.1
9.4
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A 3.22 2.69 10.22 3.22 4.66 3.52 3.19 3.70 3.71
Series F‡ 3.51 2.74 10.37 3.51 5.25 4.10 3.78 4.29 4.29^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)2
Bank of Montreal, Senior Note, 3.19%, 3/01/28 2.59
U.S. Treasury Note, 1.50%, 2/15/30 1.45
Bank of Nova Scotia, Senior Note, 3.10%, 2/02/28 1.43
Royal Bank of Canada, Senior Bond, Reg S, 4.93%,7/16/25 1.42
MetLife Capital Trust IV, pfd., Junior Sub. Bond,144A, 7.875% to 12/15/37, FRN thereafter, 12/15/67 1.16
Hydro One Inc., senior bond, 5.49%, 7/16/40 1.15
Hydro One Inc., Senior Bond, 6.03%, 3/03/39 1.13
Citigroup Inc., senior sub. note, 4.09%, 6/09/25 1.06
U.S. Treasury Note, .625%, 5/15/30 1.05
Bank Of Montreal, Senior Note, 2.85%, 3/06/24 1.03
Fund Facts3
Price per Unit (Series A) $9.46
Yield to Maturity4 3.12%
Average Weighted Maturity4 10.8 Years
Average Duration 7.1 Years
Duration to Worst 7.1 Years
Portfolio Turnover Rate(12/31/2019)
75.22%
MER (12/31/2019 incl. HST) A: 1.33%F: 0.74%
Management Fee A: 1.00%F: 0.50%
Yield to Worst4 3.09%
Distributions Interest income paidmonthly5
Composition of FundTop Country Weightings (% of Total)2
Canada 67.72United States 28.24Australia 1.20United Kingdom 0.68Belgium 0.64Germany 0.41Luxembourg 0.17FX Forwards 0.04Cash & Cash Equivalents 0.90
Bond Ratings (% Fixed Income Market Value)2,7
AAA 3.91 BB 6.68AA 9.00 B 1.46A 30.92 CCC 0.34BBB 47.68
Series A Distribution HistoryDate Price Distr. Date Price Distr.07/31/2019 $9.45 $0.03 01/31/2020 $9.55 $0.03
08/30/2019 $9.55 $0.03 02/28/2020 $9.55 $0.03
09/30/2019 $9.47 $0.03 03/31/2020 $8.66 $0.03
10/31/2019 $9.43 $0.03 04/30/2020 $9.15 $0.03
11/29/2019 $9.46 $0.03 05/29/2020 $9.24 $0.03
12/19/2019 $9.33 $0.11 06/30/2020 $9.46 $0.03
Top Sector Weightings (% Market Value)2,6
Financial 29.26Energy 27.53Infrastructure 12.10Industrial 10.31Communication 10.07Real Estate 5.79Federal 3.38Other -1.22Bank Loans 1.09Securitization 0.73Cash & Cash Equivalents 0.94
2061 FFE 0620
33 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Dividend Income Fund
Canadian BalancedFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $346,775,7111
Inception Date Series A: 11/24/2000
Series F: 05/31/1988
Number of Holdings 123
Morningstar Category TM Canadian EquityBalanced
Benchmark Custom Franklin BissettDividend Income
Benchmark2
Investment Objective & StrategyHigh current income by investing primarily in Canadian andAmerican dividend-paying preferred and common stocks and,from time to time, bonds up to a maximum of 25% of thefund’s total assets. The fund may invest in foreign equity orfixed-income securities.
Fund Management
Les Stelmach 21 Years, Calgary, AB Canada
Ryan Crowther 18 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)5
Canadian Equities 58.37
US Equity 19.45
Fixed Income 16.47
Preferred Shares 4.58
Cash & Cash Equivalents 1.13
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML203 TML3559Series A DSC TML303 TML3561Series A Low Load TML519 TML3560Series F TML233 TML3562Series F ADM TML3995 TML5157Series I (Closed to newinvestors)
TML283 TML3563
Series O TML113 TML3564Series OT TML3950Series PA Front TML5295 TML5289Series PA DSC TML5297 TML5291Series PA Low Load TML5296 TML5290Series PF TML3890 TML3735Series PF ADM TML5063 TML5194Series PFT TML3891Series PFT ADM TML5119Series PT Front TML5298 TML5292Series PT DSC TML5300 TML5294Series PT Low Load TML5299 TML5293Series T Front TML294 TML3565Series T DSC TML295 TML3567Series T Low Load TML520 TML3566
1 Inclusive of trust and corporate class versions where applicable.2 Custom Franklin Bissett Dividend Income Benchmark is a blended index composed of
S&P/TSX Composite TR Index (60%), FTSE Canada Universe Bond Index (15%), S&P500 TR Index (20%) and S&P/TSX Preferred Share TR Index (5%).
3 Please see detailed definitions on the last page.4 The fund may also pay capital gains in December if required.5 Market value figures reflect the trading value of the investments, may not total 100%
and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
REASONS TO INVEST IN THIS FUND:• Focus on dividend-paying equities. The fund provides a stream of consistent returns, which is attractive, especially
during times of market uncertainty.• Capital appreciation potential. By investing primarily in dividend-paying equities with a higher percentage of common
shares than preferred shares, the fund provides capital appreciation potential and consistent dividends over time.
PerformanceCalendar Year Returns in Canadian Dollars (%)
11.6
5.27.7
15.3
4.4
-7.6
18.2
3.5
-7.3
14.912.9
6.59.0
16.8
5.6
-6.4
19.6
4.7
-6.2
16.3
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -10.30 -0.18 7.37 -10.30 -6.47 -0.39 2.08 5.12 4.82
Series F‡ -9.80 -0.08 7.67 -9.80 -5.40 0.77 3.29 6.38 7.56^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (Canadian Securities as a % of total)5
Royal Bank of Canada 3.85
Fortis Inc. 2.90
Enbridge, Inc. 2.69
BCE Inc. 2.63
Toronto-Dominion Bank 2.58
Canadian National Railway Company 2.51
TELUS Corporation 2.39
Rogers Communications Inc. Class B 2.38
Metro Inc. 2.33
Canadian Utilities Limited Class A 2.21
Fund FactsPrice per Unit (Series A) $25.09
Yield to Maturity3 2.75%
Average Weighted Maturity3 9.0 Years
Average Duration 6.6 Years
Duration to Worst 6.6 Years
Portfolio Turnover Rate(12/31/2019)
16.91%
MER (12/31/2019 incl. HST) A: 2.32%F: 1.15%
Management Fee A: 1.90%F: 0.90%
Yield to Worst3 2.72%
Distributions Income paidmonthly4
Composition of FundTop Country Weightings (% Market Value)5
Canada 75.30United States 23.59Australia 0.29Cash & Cash Equivalents 0.81
Series A Distribution HistoryDate Price Distr. Date Price Distr.07/31/2019 $27.94 $0.06 01/31/2020 $28.81 $0.06
08/30/2019 $27.78 $0.06 02/28/2020 $27.14 $0.06
09/30/2019 $28.44 $0.07 03/31/2020 $23.53 $0.07
10/31/2019 $28.02 $0.06 04/30/2020 $24.97 $0.06
11/29/2019 $28.74 $0.06 05/29/2020 $25.20 $0.06
12/19/2019 $28.38 $0.29 06/30/2020 $25.09 $0.07
Top Sector Weightings (% of Canadian Equity)Financials 25.35Utilities 15.36Energy 13.78Communication Services 11.74Consumer Staples 11.70Materials 7.81Real Estate 7.78Industrials 3.99Information Technology 2.49
Did you know? The Series T version of this Fund pays monthly distributions, calculated as 8% of the final NAV of the previous year and split into 12 monthlyinstallments. 8% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton.
203 FFE 0620
franklintempleton.ca 34Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Monthly Income and GrowthFundEffective June 26, 2020, Series PFT was renamed Series FT.
Canadian BalancedFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $124,367,972
Inception Date Series A: 06/22/2015
Series F: 06/22/2015
Number of Holdings 342
Morningstar Category TM Canadian NeutralBalanced
Benchmark Custom Franklin BissettMonthly Income andGrowth Fund Index1
Investment Objective & StrategyBalance of income and capital appreciation by investingprimarily in a diversified portfolio of income-generatingCanadian, U.S. and global equities, equity-related securitiesand fixed-income securities.
Fund Management
Garey J. Aitken 28 Years, Calgary, AB Canada
Thomas O'Gorman 30 Years, Calgary, AB Canada
Tim Caulfield 20 Years, Calgary, AB Canada
Darcy Briggs 26 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (% Market Value)2
Canadian Fixed Income 33.40
Canadian Equities 32.50
US Equity 19.32
U.S. Fixed Income 10.31
Preferred Shares & Convertible Debentures 4.06
Cash & Cash Equivalents 0.42
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML3786Series A DSC TML3788Series A Low Load TML3787Series F TML3789Series F ADM TML3998Series O TML3792Series FT TML3894Series FT ADM TML5120Series T Front TML3822Series T DSC TML3824Series T Low Load TML3823
1 Custom Franklin Bissett Monthly Income and Growth Benchmark is a blended indexcomposed of FTSE Canada Universe Bond Index (37.5%), S&P/TSX Composite Index(35%), S&P 500 Index (20%) and Bloomberg Barclays U.S. Aggregate Bond Index(7.5%).
2 Market value figures reflect the trading value of the investments, may not total 100%and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
3 Figures shown for Yield to Maturity, Weighted Average Maturity, Duration, Duration toWorst and Yield to Worst reflect certain derivatives held in the portfolio (or theirunderlying reference assets).
4 Please see detailed definitions on the last page.5 The fund may also pay capital gains in December if required.
REASONS TO INVEST IN THIS FUND:• Unlocking opportunities across the capital structure. The strategy provides flexibility to invest across the capital
structure with emphasis on seeking to generate the best income and capital appreciation opportunities from Canadianand U.S. companies.
• Benefit from multiple sources of income. The fund seeks to provide a sustainable cash flow from multiple sources:Canadian and U.S. common equity, preferred shares, Canadian and foreign fixed income, option premiums andconvertible debentures.
• Diversified exposure. Constructed around a broad set of lower correlated positions from the Canadian and U.S. market,the portfolio seeks to provide stability and ease the investor’s exposure to market swings.
PerformanceCalendar Year Returns in Canadian Dollars (%)
9.0
2.9
-2.7
11.410.1
4.1
-1.7
12.7
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -3.26 0.37 7.45 -3.26 0.07 2.01 3.50 n/a 3.36
Series F‡ -2.73 0.46 7.75 -2.73 1.18 3.15 4.63 n/a 4.51^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)2
Apple Inc. 2.52
Toronto-Dominion Bank 2.21
Bank of Montreal 2.18
TC Energy Corporation 2.01
Royal Bank of Canada 1.97
Fortis Inc. 1.86
Enbridge, Inc. 1.82
Microsoft Corporation 1.81
Canadian Natural Resources Limited 1.76
Canadian National Railway Company 1.75
Fund Facts3
Price per Unit (Series A) $9.22
Yield to Maturity4 2.42%
Average Weighted Maturity4 11.7 Years
Average Duration 8.1 Years
Duration to Worst 8.1 Years
Portfolio Turnover Rate(12/31/2019)
88.07%
MER (12/31/2019 incl. HST) A: 2.15%F: 1.04%
Management Fee A: 1.60%F: 0.60%
Yield to Worst4 2.40%
Distributions Income paidmonthly5
Composition of FundTop Country Weightings (% of Total)2
Canada 67.97United States 30.39Australia 0.39Belgium 0.34Germany 0.29United Kingdom 0.21Cash & Cash Equivalents 0.41
Series A Distribution HistoryDate Price Distr. Date Price Distr.07/31/2019 $9.89 $0.03 01/31/2020 $9.89 $0.04
08/30/2019 $9.92 $0.03 02/28/2020 $9.51 $0.04
09/30/2019 $9.94 $0.04 03/31/2020 $8.66 $0.02
10/31/2019 $9.86 $0.03 04/30/2020 $9.14 $0.03
11/21/2019 $9.74 $0.27 05/29/2020 $9.21 $0.02
12/19/2019 $9.74 $0.03 06/30/2020 $9.22 $0.03
Top Sector Weightings (% Equity Market Value)2
Financials 21.89Consumer Staples 14.75Information Technology 13.41Industrials 10.57Energy 10.09Utilities 7.20Health Care 6.09Communication Services 5.62Materials 5.24Consumer Discretionary 3.17Real Estate 1.97
Top Sector Weightings (% Fixed Income Market Value)2
Investment Grade Corporate 50.55Canadian Provincial 22.95Canadian Federal 12.79Foreign Government 5.27High Yield Corporate 4.95Canadian Municipal 2.76Bank Loans 0.73
3786 FFE 0620
35 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Small Cap Fund
Canadian EquityFranklin Bissett June 30, 2020
Fund Overview
Total Net Assets $180,237,7121
Inception Date Series A: 11/24/2000
Series F: 08/30/1993
Number of Holdings 56
Morningstar Category TM Canadian Small/Mid CapEquity
Benchmark Custom Franklin BissettSmall Cap Benchmark2
Investment Objective & StrategyLong-term capital appreciation by investing primarily in adiversified portfolio of small-capitalization Canadian equitiesthat have proven management and long-term growth plans.The fund may also invest in foreign securities.
Fund Management
Garey J. Aitken 28 Years, Calgary, AB Canada
Michael EdwardRichmond
18 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 94.98
Cash & Cash Equivalents 5.02
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML223Series A DSC TML323Series A Low Load TML598Series F TML253Series F ADM TML3999Series O TML116Series PA Front TML5322Series PA DSC TML5324Series PA Low Load TML5323Series PF TML3812Series PF ADM TML5067
1 Inclusive of trust and corporate class versions where applicable.2 Custom Franklin Bissett Small Cap Benchmark is a blended index composed of the
S&P/TSX Small Cap Total Return Index and BMO Small Cap Index. The customizedindex reflects the returns of the S&P/TSX Small Cap Total Return Index on and afterJanuary 1, 2000, and the BMO Small Cap Index prior to January 1, 2000.
REASONS TO INVEST IN THIS FUND:• Small caps provide diversification. Ideal for investors seeking to add small caps to an investment portfolio can
complement large- and mid-cap holdings and help generate superior risk-adjusted returns over time.• Investing for the long term. The fund invests primarily in companies with a market capitalization of between $100 million
to $2.5 billion, and invests in companies with proven management and a long-term growth plan.
PerformanceCalendar Year Returns in Canadian Dollars (%)
27.8
-12.8
20.933.6
-5.2
-19.9
28.6
-1.9
-28.7
-3.1
29.2
-11.8
22.335.1
-4.1
-19.0
30.0
-0.8
-27.9
-2.0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -19.74 3.54 25.34 -19.74 -17.61 -16.31 -10.48 -0.67 3.60
Series F‡ -19.30 3.64 25.69 -19.30 -16.69 -15.37 -9.48 0.44 5.86^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Corby Spirit and Wine Limited 3.89
Kinaxis Inc 3.82
ATCO Ltd 3.33
Sandstorm Gold Ltd 2.96
Killam Apartment REIT 2.94
Blackline Safety Corp 2.85
Calian Group Ltd 2.82
Descartes Systems Group Inc 2.80
Boyd Group Services Inc 2.74
InterRent Real Estate Investment Trust 2.67
Fund FactsPrice per Unit (Series A) $26.63
Portfolio Turnover Rate(12/31/2019)
34.54%
MER (12/31/2019 incl. HST) A: 2.85%F: 1.74%
Management Fee A: 2.35%F: 1.35%
Composition of FundTop Country Weightings (% of Total)
Canada 94.98Cash & Cash Equivalents 5.02
Top Sector Weightings (% Equity)Industrials 19.06Information Technology 17.89Energy 11.71Real Estate 10.98Materials 10.52Consumer Staples 9.06Financials 7.85Consumer Discretionary 7.18Utilities 4.48Health Care 0.89Communication Services 0.39
223 FFE 0620
franklintempleton.ca 36Dealer Use Only / Not for Distribution to the Public
Franklin ActiveQuant Canadian Fund
Canadian EquityActiveQuant June 30, 2020
Fund Overview
Total Net Assets $65,316,1981
Inception Date Series A: 09/20/2004
Series F: 09/20/2004
Number of Holdings 40
Morningstar Category TM Canadian Equity
Benchmark S&P/TSX CompositeIndex
Investment Objective & StrategyLong-term capital appreciation by investing primarily in adiversified portfolio of Canadian securities.
Fund Management
Garey J. Aitken 28 Years, Calgary, AB Canada
Izabel Flis 19 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 98.46
Cash & Cash Equivalents 1.54
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML1096 TML2021Series A DSC TML1098 TML2023Series A Low Load TML1097 TML2022Series F TML1099 TML2024Series F ADM TML3984 TML5132Series I (Closed to newinvestors)
TML3361 TML3360
Series O TML2000 TML2025Series PA Front TML5235 TML5232Series PA DSC TML5237 TML5234Series PA Low Load TML5236 TML5233Series PF TML3882Series PF ADM TML5052
1 Inclusive of trust and corporate class versions where applicable.
REASONS TO INVEST IN THIS FUND:• Canadian focus. Ideal for investors seeking a core Canadian equity fund that is primarily invested in Canadian-listed
securities.• The fund leverages a proprietary quantitative screening model designed to produce capital appreciation, based on
the characteristics of successful Canadian companies as reflected in their securities.
PerformanceCalendar Year Returns in Canadian Dollars (%)
20.4
-5.0
7.6
20.113.8
-5.8
12.5
3.6
-8.3
16.521.8
-3.9
8.8
21.415.0
-4.8
13.8
4.8
-7.3
17.8
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -11.28 0.60 12.67 -11.28 -8.08 -0.64 0.74 6.33 5.72
Series F‡ -10.80 0.69 12.98 -10.80 -7.07 0.46 1.85 7.52 6.88^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Canadian National Railway Company 3.16
Intact Financial Corp. 3.02
Alimentation Couche-Tard Inc. 2.96
Barrick Gold Corp 2.96
Franco-Nevada Corp. 2.83
Magna International Inc 2.81
Open Text Corp 2.78
Canadian Tire Corporation, Limited 2.77
National Bank of Canada 2.75
Royal Bank of Canada 2.69
Fund FactsPrice per Unit (Series A) $16.47
Portfolio Turnover Rate(12/31/2019)
16.01%
MER (12/31/2019 incl. HST) A: 2.08%F: 0.99%
Management Fee A: 1.65%F: 0.65%
Composition of FundTop Country Weightings (% of Total)
Canada 95.86United States 2.60Cash & Cash Equivalents 1.54
Top Sector Weightings (% Equity)Financials 23.93Materials 15.43Consumer Discretionary 12.38Communication Services 11.64Industrials 10.98Consumer Staples 10.40Information Technology 7.92Energy 5.09Utilities 2.24
1096 FFE 0620
37 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin ActiveQuant U.S. Fund
U.S. EquityActiveQuant June 30, 2020
Fund Overview
Total Net Assets $129,329,5011
Inception Date Series A: 06/09/2017
Series F: 06/09/2017
Number of Holdings 40
Morningstar Category TM US Equity
Benchmark S&P 500 Index
Investment Objective & StrategyLong-term capital appreciation by investing primarily in adiversified portfolio of U.S. securities, utilizing a quantitativemodel selection process.
Fund Management
Garey J. Aitken 28 Years, Calgary, AB Canada
Izabel Flis 19 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 99.87
Cash & Cash Equivalents 0.13
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML3970 TML3230 TML3235Series A DSC TML3972 TML3232 TML3237Series A Low Load TML3971 TML3231 TML3236Series F TML3973 TML3233 TML3238Series F ADM TML3985 TML5137 TML5161Series O TML3228 TML3229 TML3234 TML3239Series PA Front TML5244 TML5238 TML5241Series PA DSC TML5246 TML5240 TML5243Series PA Low Load TML5245 TML5239 TML5242Series PF TML3974 TML3819 TML3820Series PF ADM TML5053 TML5182 TML5197
1 Inclusive of trust and corporate class versions where applicable.
REASONS TO INVEST IN THIS FUND:• Core U.S. equity exposure targeting long-term market outperformance with below-average volatility.• A multi-factor approach, with a blend of fundamental and forward-looking screens, mitigates against emotional biases to
investing.• A concentrated portfolio of 40 U.S. equity holdings with a neutral weight of approximately 2.5% and rebalanced on a
monthly basis.
PerformanceCalendar Year Returns in Canadian Dollars (%)
1.2
17.5
2.3
18.7
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -7.51 -3.06 6.24 -7.51 1.21 5.54 n/a n/a 3.96
Series F‡ -7.06 -2.98 6.50 -7.06 2.21 6.53 n/a n/a 4.95^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Microsoft Corporation 3.60
Intel Corp. 3.25
UnitedHealth Group Inc. 3.07
Facebook, Inc. 3.06
Apple Inc. 3.03
Walmart Inc. 3.01
Visa Inc. 2.96
Procter & Gamble Co 2.89
Nike Inc 2.77
Bristol-Myers Squibb Co 2.65
Fund FactsPrice per Unit (Series A) $10.67
Portfolio Turnover Rate(12/31/2019)
17.29%
MER (12/31/2019 incl. HST) A: 2.07%F: 1.07%
Management Fee A: 1.65%F: 0.65%
Composition of FundTop Country Weightings (% of Total)
United States 99.87Cash & Cash Equivalents 0.13
Top Sector Weightings (% Equity)Health Care 24.68Information Technology 19.63Consumer Staples 15.15Communication Services 14.92Financials 9.33Consumer Discretionary 7.15Industrials 4.84Utilities 4.30
3970 FFE 0620
franklintempleton.ca 38Dealer Use Only / Not for Distribution to the Public
Franklin Mutual Global Discovery Fund
Global & International EquityFranklin Mutual June 30, 2020
Fund Overview
Total Net Assets $337,977,1101
Inception Date Series A: 02/17/2003
Series F: 02/17/2003
Number of Holdings2 79
Morningstar Category TM Global Equity
Benchmark MSCI World Index
Investment Objective & StrategyLong-term capital appreciation by investing primarily in theequity and debt securities of issuers around the world.
Fund Management
Peter Langerman 34 Years, New Jersey, United States
Tim Rankin 28 Years, New Jersey, United States
Christian Correa 18 Years, New Jersey, United States
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Undervalued Equities 92.52
Cash & Other Net Assets 4.95
Distressed Investments 2.53
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML180 TML181 TML370 TML371Series A DSC TML182 TML183 TML372 TML373Series A Low Load TML184 TML185 TML374 TML375Series F TML225 TML261 TML376 TML377Series F ADM TML5004 TML5028 TML5143 TML5166Series I (Closed to newinvestors)
TML3255 TML3363 TML3259 TML3362
Series O TML106 TML145 TML119 TML147Series PA Front TML5373 TML5376 TML5361 TML5364Series PA DSC TML5375 TML5378 TML5363 TML5366Series PA Low Load TML5374 TML5377 TML5362 TML5365Series PF TML3895 TML3896 TML3736 TML3737Series PF ADM TML5072 TML5099 TML5184 TML5199Series PFT TML3897Series PFT ADM TML5121Series PT Front TML5379 TML5382 TML5367 TML5370Series PT DSC TML5381 TML5384 TML5369 TML5372Series PT Low Load TML5380 TML5383 TML5368 TML5371Series T Front TML3059 TML3256 TML3161 TML3260Series T DSC TML3061 TML3258 TML3163 TML3262Series T Low Load TML3060 TML3257 TML3162 TML3261
1 Inclusive of trust and corporate class versions where applicable.2 Franklin Mutual Global Discovery Fund positions are divided into equity and non-
equity (distressed book) positions. Each non-equity position shows up separately,distorting the number of securities in the Fund.
REASONS TO INVEST IN THIS FUND:• A flexible, go-anywhere strategy. Fund managers invest in the most attractive investment opportunities, unconstrained
by region, market capitalization, sector or style box definition.• Deep value investing. The fund employs a distinctive, three-pronged approach to investing that has withstood the test of
time for more than 50 years, uncovering opportunities in undervalued stocks, merger arbitrage and distressed securities.• Currency management. The fund typically engages in currency management strategies to hedge the exposure to the
impact of changes in currency exchange rates.
PerformanceCalendar Year Returns in Canadian Dollars (%)
7.7
-3.4
12.6
28.0
6.0
-1.4
8.7 5.9
-12.7
21.1
8.9
-2.3
13.9
29.5
7.2
-0.3
9.9 7.1
-11.6
22.5
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series A Series F
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -23.32 0.09 10.31 -23.32 -17.99 -6.36 -2.43 4.32 4.52
Series F‡ -22.87 0.19 10.63 -22.87 -17.04 -5.27 -1.30 5.53 5.69^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)GlaxoSmithKline PLC 3.44
Samsung Electronics Co., Ltd. 3.23
Novartis AG 2.98
Merck & Company, Inc. 2.95
British American Tobacco PLC 2.94
Medtronic plc 2.92
NN Group NV 2.62
Volkswagen AG 2.61
Check Point Software Technologies Ltd 2.53
CVS Health Corp 2.52
Fund FactsPrice per Unit (Series A) $15.12
Portfolio Turnover Rate(12/31/2019)
20.08%
MER (12/31/2019 incl. HST) A: 2.60%F: 1.45%
Management Fee A: 2.00%F: 1.00%
Composition of FundTop Country Weightings (% of Total)
United States 50.25United Kingdom 14.22Switzerland 7.58Germany 6.12Netherlands 4.86South Korea 3.23Israel 2.53Japan 2.25Others 4.02Cash & Cash Equivalents 4.95
Top Sector Weightings (% of Total)Financials 21.69Health Care 18.43Information Technology 13.62Energy 9.14Consumer Staples 7.88Industrials 6.67Communication Services 6.24Consumer Discretionary 6.23Materials 5.12Real Estate 0.04Utilities 0.00Cash & Cash Equivalents 4.95
Did you know? The Series T version of this Fund pays monthly distributions, calculated as 8% of the final NAV of the previous year and split into 12 monthlyinstallments. 8% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton.
180 FFE 0620
39 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Bissett Money Market Funds
Money MarketFranklin Bissett June 30, 2020
LEAD AND CO-LEAD MANAGERS
Franklin Bissett Money Market FundBrian A. Calder21 Years, Calgary, AB Canada
Sevrika Galipeau12 Years, Calgary, AB Canada
FUND FACTS
Franklin Bissett Money Market FundPrice per Unit (Series A) : $10.00Assets of the Fund : $286,295,9651
Inception Date : 11/24/2000MER (12/31/2019 incl. HST) : 0.83%
1 Inclusive of trust and corporate class versions where applicable.
Franklin Bissett Money Market Fund
Calendar Year Returns in Canadian Dollars (%)
2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Series A 1.28 1.00 0.34 0.19 0.13 0.24 0.27 0.42 0.37 0.16
Series F‡ 1.56 1.28 0.62 0.58 0.65 0.80 0.83 0.98 0.92 0.73
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A 0.36 0.01 0.07 0.36 0.97 0.96 0.64 0.47 1.27
Series F‡ 0.50 0.03 0.14 0.50 1.24 1.23 0.97 0.91 2.86^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Fund Codes
Franklin Bissett Money Market Fund
SERIES CDN$ US$Series A Front TML204Series A DSC TML304Series A Low Load TML521Series F TML236Series F ADM TML3997Series I (Closed to newinvestors)
TML279
Series O TML117Series PA Front TML5310Series PA DSC TML5312Series PA Low Load TML5311Series PF TML3893Series PF ADM TML5065
CORPORATE CLASS CDN$ US$Series A Front TML935Series A DSC TML936Series A Low Load TML782Series F TML937Series F ADM TML5139Series I (Closed to newinvestors)
TML938
Series O TML939Series PA Front TML5307Series PA DSC TML5309Series PA Low Load TML5308Series PFSeries PF ADM
Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurancesthat the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned toyou.
CA FFMME 0620
franklintempleton.ca 40Dealer Use Only / Not for Distribution to the Public
THE POWER OF PLUSFranklin Bissett Core Plus Bond Fund has a strong domestic core portfolio, plus the � exibility to invest across multiple � xed income asset classes and in non-Canadian securities. A strong core with added diversity that adds up to a big Plus.
When faced with changing economic conditions for � xed income, investors need a � exible solution.
Find out more atfranklintempleton.ca/coreplus
* As of June 30, 2020. © 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Franklin Bissett Core Plus Bond Fund Series F is rated within Morningstar’s Canadian Fixed Income category. As of June 30, 2020, there were 551, 471, 365, 169 and 15 funds over 1, 3, 5 and 10 years and since inception, respectively. Morningstar Rating™ for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life sub accounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance � gures associated with its 3-, 5- and 10-year (if applicable) Morningstar Ratings metrics. The weights are 100% 3-year rating for 36−59 months of total returns, 60% 5-year rating/40% 3-year rating for 60−119 months of total returns, and 50% 10-year rating/30% 5-year rating, 20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. Please refer to www.morningstar.ca for more details on the calculation of Morningstar Ratings. The historical annual compound rates of return for Series F units of Franklin Bissett Core Plus Bond Fund as of June 30, 2020, are: 1 year 6.56%; 3 years 4.68%; 5 years 4.07%; 10 years 4.41%, and 6.64% since inception August 1, 1986. The indicated rates of return are historical annual compounded total returns including changes in unit or share value and reinvestment of all distributions and dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund fact document before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.© 2020 Franklin Templeton. All rights reserved.
FRANKLIN BISSETT CORE PLUS BOND FUND – Series F
★ ★ ★ ★Morningstar Rated Fund™*
CAEN_BCPBF_BOATS_8X10.875_0720.indd 1CAEN_BCPBF_BOATS_8X10.875_0720.indd 1 7/17/20 3:22 PM7/17/20 3:22 PM
41 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Conservative Income ETF Portfolio
Multi-AssetFranklin Templeton Multi-Asset Solutions* June 30, 2020
Fund Overview
Total Net Assets $19,785,894
Inception Date Series A: 02/20/2019
Series F: 02/20/2019
Number of Holdings 4,968
Morningstar Category TM Global Fixed IncomeBalanced
Benchmark Custom FranklinConservative Income ETF
Portfolio Benchmark1
Investment Objective & StrategyProvide current income with some long-term capitalappreciation by investing primarily in exchange traded funds(ETFs) that invest in Canadian, U.S. and international fixedincome and equity securities.
Fund Management
Michael Greenberg 17 Years, Toronto, Canada
Ian M. Riach 34 Years, Toronto, Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Fixed Income 72.32
Equity 27.09
Cash & Cash Equivalents 0.58
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML5703Series A DSC TML5705Series A Low Load TML5704Series F TML5706Series F ADM TML5707Series T Front TML5708Series T DSC TML5710Series T Low Load TML5709Series FT TML5711Series FT ADM TML5712
1 Custom Franklin Conservative Income ETF Portfolio Benchmark is a blended indexcomposed of the S&P/TSX Composite Index (6.5%), MSCI AC World Index-NR (18.5%),FTSE Canada Universe Bond Index (37.5%), and Bloomberg Barclays Multiverse Index(100% Hedged into CAD) (37.5%).
2 The Fund may also pay capital gains in December if required.
REASONS TO INVEST IN THIS FUND:• Diversification: After conducting in-depth research and analysis, we carefully hand pick a combination of ETFs to create
portfolios diversified by geography and asset class.• Active, Expert Management: The Portfolios are backed by the global expertise and research of our Franklin Templeton
Multi-Asset Solutions team. Our investment experts actively manage asset allocation, fund selection, currency and risk,with the flexibility to tilt portfolios towards opportunities.
• Ease of Access, Attractive Pricing: Franklin Multi-Asset ETF Portfolios are mutual funds that invest in ETFs. As a result,they combine some of the best features of both mutual funds and ETFs, such as active management, lower fees and anability to use automatic investment plans, to name a few.
Performance
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A 2.46 1.43 9.30 2.46 4.17 n/a n/a n/a 5.83
Series F‡ 2.89 1.50 9.53 2.89 5.06 n/a n/a n/a 6.72^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) 28.02
Franklin Bissett Canadian Government Bond Fund 21.56
Franklin Liberty Canadian Investment GradeCorporate ETF 19.37
Franklin FTSE U.S. Index ETF 8.86
Franklin FTSE Canada All Cap Index ETF 6.13
iShares 0-5 Year TIPS Bond ETF 3.38
Franklin LibertyQT U.S. Equity Index ETF 2.86
Franklin FTSE Europe ex U.K. Index ETF 2.15
iShares Core MSCI Emerging Markets ETF 2.12
Franklin FTSE United Kingdom ETF 1.71
Fund FactsPrice per Unit (Series A) $10.47
Yield to Maturity 1.93%
Average Duration 5.8 Years
Portfolio Turnover Rate(12/31/2019)
38.51%
MER (12/31/2019 incl. HST) A: 1.23%F: 0.37%
Management Fee A: 1.15%F: 0.40%
Weighted Yield 3.01%
Distributions Income paidquarterly2
Composition of FundGeographic Weightings (% of Total)
Canada 48.01United States 12.54Emerging Markets 2.82Europe ex-UK 2.16United Kingdom 1.72Japan 1.16Other 31.58
Series A Distribution HistoryDate Price Distr. Date Price Distr.03/29/2019 $10.14 $0.02 n/a n/a n/a
06/28/2019 $10.31 $0.05 n/a n/a n/a
09/30/2019 $10.41 $0.04 n/a n/a n/a
12/31/2019 $10.33 $0.10 n/a n/a n/a
03/31/2020 $9.64 $0.05 n/a n/a n/a
06/30/2020 $10.47 $0.07 n/a n/a n/a
5703 FFE 0620
franklintempleton.ca 42Dealer Use Only / Not for Distribution to the Public
Franklin Core ETF Portfolio
Multi-AssetFranklin Templeton Multi-Asset Solutions* June 30, 2020
Fund Overview
Total Net Assets $27,267,375
Inception Date Series A: 02/20/2019
Series F: 02/20/2019
Number of Holdings 4,968
Morningstar Category TM Global Neutral Balanced
Benchmark Custom Franklin CoreETF Portfolio Benchmark1
Investment Objective & StrategyProvide a balance between long-term capital appreciation andincome with an emphasis on long-term capital appreciation byinvesting in exchange traded funds (ETFs) that invest inCanadian, U.S. and international fixed income and equitysecurities.
Fund Management
Michael Greenberg 17 Years, Toronto, Canada
Ian M. Riach 34 Years, Toronto, Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 57.36
Fixed Income 41.96
Cash & Cash Equivalents 0.68
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML5713Series A DSC TML5715Series A Low Load TML5714Series F TML5716Series F ADM TML5717Series T Front TML5718Series T DSC TML5720Series T Low Load TML5719Series FT TML5721Series FT ADM TML5722
1 Custom Franklin Core ETF Portfolio Benchmark is a blended index composed of theS&P/TSX Composite Index (13.5%), MSCI AC World Index-NR (41.5%), FTSE CanadaUniverse Bond Index (22.5%), and Bloomberg Barclays Multiverse Index (100%Hedged into CAD) (22.5%).
REASONS TO INVEST IN THIS FUND:• Diversification: After conducting in-depth research and analysis, we carefully hand pick a combination of ETFs to create
portfolios diversified by geography and asset class.• Active, Expert Management: The Portfolios are backed by the global expertise and research of our Franklin Templeton
Multi-Asset Solutions team. Our investment experts actively manage asset allocation, fund selection, currency and risk,with the flexibility to tilt portfolios towards opportunities.
• Ease of Access, Attractive Pricing: Franklin Multi-Asset ETF Portfolios are mutual funds that invest in ETFs. As a result,they combine some of the best features of both mutual funds and ETFs, such as active management, lower fees and anability to use automatic investment plans, to name a few.
Performance
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -0.46 1.35 11.08 -0.46 2.94 n/a n/a n/a 4.61
Series F‡ 0.09 1.44 11.38 0.09 4.04 n/a n/a n/a 5.74^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Franklin FTSE U.S. Index ETF 18.62
Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) 16.26
Franklin FTSE Canada All Cap Index ETF 12.98
Franklin Bissett Canadian Government Bond Fund 12.51
Franklin Liberty Canadian Investment GradeCorporate ETF 11.24
Franklin LibertyQT U.S. Equity Index ETF 6.06
Franklin FTSE Europe ex U.K. Index ETF 4.54
iShares Core MSCI Emerging Markets ETF 4.51
Franklin FTSE United Kingdom ETF 3.63
Franklin FTSE Japan Index ETF 2.44
Fund FactsPrice per Unit (Series A) $10.50
Yield to Maturity 1.93%
Average Duration 3.4 Years
Portfolio Turnover Rate(12/31/2019)
6.28%
MER (12/31/2019 incl. HST) A: 1.47%F: 0.41%
Management Fee A: 1.40%F: 0.40%
Weighted Yield 2.86%
Distributions Income and realizednet capital gains
paid annually
Composition of FundGeographic Weightings (% of Total)
Canada 38.42United States 26.59Emerging Markets 5.97Europe ex-UK 4.57United Kingdom 3.65Japan 2.46Other 18.34
Series A Distribution HistoryDate Price Distr. Date Price Distr.12/31/2019 $10.55 $0.13 n/a n/a n/a
5713 FFE 0620
43 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Growth ETF Portfolio
Multi-AssetFranklin Templeton Multi-Asset Solutions* June 30, 2020
Fund Overview
Total Net Assets $13,441,975
Inception Date Series A: 02/20/2019
Series F: 02/20/2019
Number of Holdings 4,968
Morningstar Category TM Global Equity Balanced
Benchmark Custom Franklin GrowthETF Portfolio Benchmark1
Investment Objective & StrategyProvide long-term capital appreciation with additional stabilityderived from investing in income by investing in a diversifiedmix of exchange traded funds (ETFs) that invest in Canadian,U.S. and international fixed income and equity securities.
Fund Management
Michael Greenberg 17 Years, Toronto, Canada
Ian M. Riach 34 Years, Toronto, Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 77.30
Fixed Income 21.41
Cash & Cash Equivalents 1.29
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series A Front TML5723Series A DSC TML5725Series A Low Load TML5724Series F TML5726Series F ADM TML5727Series T Front TML5728Series T DSC TML5730Series T Low Load TML5729Series FT TML5731Series FT ADM TML5732
1 Custom Franklin Growth ETF Portfolio Benchmark is a blended index composed of theS&P/TSX Composite Index (18.5%), MSCI AC World Index-NR (56.5%), FTSE CanadaUniverse Bond Index (12.5%), and Bloomberg Barclays Multiverse Index (100%Hedged into CAD) (12.5%).
REASONS TO INVEST IN THIS FUND:• Diversification: After conducting in-depth research and analysis, we carefully hand pick a combination of ETFs to create
portfolios diversified by geography and asset class.• Active, Expert Management: The Portfolios are backed by the global expertise and research of our Franklin Templeton
Multi-Asset Solutions team. Our investment experts actively manage asset allocation, fund selection, currency and risk,with the flexibility to tilt portfolios towards opportunities.
• Ease of Access, Attractive Pricing: Franklin Multi-Asset ETF Portfolios are mutual funds that invest in ETFs. As a result,they combine some of the best features of both mutual funds and ETFs, such as active management, lower fees and anability to use automatic investment plans, to name a few.
Performance
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series A -2.41 1.30 12.36 -2.41 2.26 n/a n/a n/a 3.95
Series F‡ -1.90 1.38 12.66 -1.90 3.33 n/a n/a n/a 5.05^ Series inception date‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As
a consequence, the management fee on Series F is lower than on Series A.
Top Holdings (% of Total)Franklin FTSE U.S. Index ETF 25.59
Franklin FTSE Canada All Cap Index ETF 17.18
Franklin LibertyQT U.S. Equity Index ETF 8.32
Franklin Liberty Global Aggregate Bond ETF (CAD-Hedged) 8.29
Franklin Bissett Canadian Government Bond Fund 6.38
Franklin FTSE Europe ex U.K. Index ETF 6.01
iShares Core MSCI Emerging Markets ETF 5.97
Franklin Liberty Canadian Investment GradeCorporate ETF 5.73
Franklin FTSE United Kingdom ETF 4.80
Franklin FTSE Japan Index ETF 3.22
Fund FactsPrice per Unit (Series A) $10.42
Yield to Maturity 1.93%
Average Duration 1.8 Years
Portfolio Turnover Rate(12/31/2019)
9.05%
MER (12/31/2019 incl. HST) A: 1.47%F: 0.42%
Management Fee A: 1.40%F: 0.40%
Weighted Yield 2.74%
Distributions Income and realizednet capital gains
paid annually
Composition of FundGeographic Weightings (% of Total)
United States 36.81Canada 31.59Emerging Markets 7.97Europe ex-UK 6.09United Kingdom 4.86Japan 3.27Other 9.43
Series A Distribution HistoryDate Price Distr. Date Price Distr.12/31/2019 $10.67 $0.13 n/a n/a n/a
5723 FFE 0620
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund facts document before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.© 2020 Franklin Templeton. All rights reserved.
REFOCUS, REVIEW AND REBUILDPrepare for tomorrow. Recover with con� dence.
The world has changed. But what about your clients’ goals? As our focus starts to extend beyond our immediate needs, it’s time for investors to return to their long-term plans. The three R approach – Refocus, Review & Rebuild – will help your clients prepare for tomorrow by focusing on what they can control today.
franklintempleton.ca/prepare
CAEN_RECOVERY_CACTUS_8X10.875_AM_0720.indd 1CAEN_RECOVERY_CACTUS_8X10.875_AM_0720.indd 1 23/07/2020 12:5623/07/2020 12:56
45 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin FTSE Canada All CapIndex ETF FLCD
As of June 30, 2020
Provides access to the Canadian stock market by replicating theFTSE Canada All Cap Domestic Index, allowing investors to gainprecise exposure to Canada at a low cost.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Benchmark
Frequency of Index Reconstitution
$284.09M
188
2019-02-20
Passive
Equity
14,100,000
Toronto Stock Exchange
FLCD
35351E100
Quarterly
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Low to Medium
FTSE Canada All Cap Domestic Index
Semi-Annual
EXPENSES
Management Fee
Management Expense Ratio
0.05%
0.06% .
MANAGEMENT
Dina Ting, CFA® 4 24
Louis Hsu, CFA® 2 13
Hailey Harris 2 10
Years with Firm Years of Experience
· Execute views on Canada within your domestic markets exposure.
· Provides targeted exposure to large, mid and small-sized companies in Canada.
· Seeks to provide investment results that closely correspond, before fees and expenses, to theperformance of the FTSE Canada All Cap Domestic Index.
REASONS TO INVEST
2019..
TOTAL RETURNS (%)
FLCD NAV -8.04 2.29 16.41 -8.04 -2.88 -- 0.26FTSE Canada All Cap Domestic Index -8.04 2.29 16.46 -8.04 -2.85 -- 0.32
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2019-02-20
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
Shopify Inc.
Royal Bank of Canada
Toronto-Dominion Bank
Canadian National Railway Co.
Enbridge, Inc.
Bank Of Nova Scotia/The
Barrick Gold Corp.
Brookfield Asset Management, Inc.
TC Energy Corp.
Canadian Pacific Railway Ltd. 2.26%2.61%2.98%3.09%3.26%4.01%4.10%5.25%6.30%6.49%
TOP TEN HOLDINGS
27742Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
--
franklintempleton.ca 46Dealer Use Only / Not for Distribution to the Public
FinancialsMaterialsEnergyIndustrialsInformation TechnologyCommunication ServicesConsumer StaplesUtilitiesConsumer DiscretionaryReal EstateHealth CareCash & Cash Equivalents 0.37%
0.93%2.26%3.35%3.96%4.31%5.36%
10.53%11.47%13.05%14.34%30.06%
SECTOR ALLOCATION
Name P/B Ratio P/E Ratio (Trailing12 Months)
Std Deviation1 Year
FLCD 1.65 14.59 21.82
FUND MEASURES
>50.0 Billion 6 40.4125.0-50.0 Billion 5 24.3610.0-25.0 Billion 4 15.735.0-10.0 Billion 3 9.352.0-5.0 Billion 2 7.85<2.0 Billion 1 2.23
MARKET CAPITALIZATION BREAKDOWN (% OF EQUITY)
Portfolio holdings are subject to change. Issuers, Holdings, Sector Exposure and Geographic Allocation figures may reflect certain derivatives held in the portfolio (or their underlying reference assets) and maynot total 100% or may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.Source: FTSE. Important data provider notices and terms available at www.franklintempletondatasources.com.Performance: ETF units may be bought or sold throughout the day at their market price, not their Net Asset Value (NAV), on the exchange on which they are listed. Units of ETFs are tradable on secondarymarkets and may trade either at a premium or a discount to their NAV on the secondary market.Top Ten Holdings: All portfolio holdings are subject to change.Composition of Fund: Percentage may not equal 100% due to rounding.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
libertyshares.ca FLCD FFE 06/20
47 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin FTSE Europe ex-U.K.Index ETF FLUR
As of June 30, 2020
Provides access to the European (ex-U.K.) stock market byreplicating the FTSE Developed Europe ex-U.K. Index, allowinginvestors to gain precise exposure to Europe at a low cost.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Benchmark
Frequency of Index Reconstitution
$96.11M
460
2019-02-20
Passive
Equity
4,500,000
Toronto Stock Exchange
FLUR
35351C104
Semi-Annually
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Medium to High
FTSE Developed Europe ex-U.K. Index
Semi-Annual
EXPENSES
Management Fee
Management Expense Ratio
0.09%
0.10% .
MANAGEMENT
Dina Ting, CFA® 4 24
Louis Hsu, CFA® 2 13
Hailey Harris 2 10
Years with Firm Years of Experience
· Execute views on Europe ex-U.K. within your developed international markets exposure.
· Provides targeted exposure to large- and mid-sized companies in Europe ex-U.K.
· Seeks to provide investment results that closely correspond, before fees and expenses, to theperformance of the FTSE Europe ex-U.K. Index.
REASONS TO INVEST
2019..
TOTAL RETURNS (%)
FLUR NAV -3.94 3.34 13.08 -3.94 1.52 -- 6.09FTSE Developed Europe ex-U.K. Index -4.25 3.27 12.93 -4.25 1.23 -- 5.59
2019..2019..
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2019-02-20
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
Nestle SA
Roche Holding AG
Novartis AG
SAP SE
ASML Holding NV
Sanofi
LVMH Moet Hennessy Louis Vuitton SE
Novo Nordisk A/S
Total SA
Siemens AG 1.40%1.41%1.63%1.71%1.73%2.28%2.44%2.92%3.91%4.97%
TOP TEN HOLDINGS
27748Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
franklintempleton.ca 48Dealer Use Only / Not for Distribution to the Public
Health CareFinancialsIndustrialsConsumer StaplesConsumer DiscretionaryInformation TechnologyMaterialsUtilitiesCommunication ServicesEnergyReal EstateCash & Cash Equivalents 0.12%
1.81%3.03%4.24%5.27%6.37%9.49%
10.16%13.00%14.42%15.02%17.07%
SECTOR ALLOCATION
Name P/B Ratio P/E Ratio (Trailing12 Months)
Std Deviation1 Year
FLUR 1.72 16.97 14.04
FUND MEASURES
>50.0 Billion 53.2825.0-50.0 Billion 23.3410.0-25.0 Billion 15.775.0-10.0 Billion 5.622.0-5.0 Billion 1.38<2.0 Billion 0.07N/A 0.54
MARKET CAPITALIZATION BREAKDOWN (% EQUITY)
FranceSwitzerlandGermanyNetherlandsSwedenSpainDenmarkItalyFinlandBelgiumOtherCash & Cash Equivalents 0.12%
5.36%2.01%2.65%4.61%4.63%5.14%6.21%7.34%
19.29%21.31%21.34%
GEOGRAPHIC ALLOCATION
Portfolio holdings are subject to change. Issuers, Holdings, Sector Exposure and Geographic Allocation figures may reflect certain derivatives held in the portfolio (or their underlying reference assets) and maynot total 100% or may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.Source: FTSE. Important data provider notices and terms available at www.franklintempletondatasources.com.Performance: ETF units may be bought or sold throughout the day at their market price, not their Net Asset Value (NAV), on the exchange on which they are listed. Units of ETFs are tradable on secondarymarkets and may trade either at a premium or a discount to their NAV on the secondary market.Top Ten Holdings: All portfolio holdings are subject to change.Composition of Fund: Percentage may not equal 100% due to rounding.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute...
libertyshares.ca FLUR FFE 06/20
49 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin FTSE Japan Index ETFFLJA
As of June 30, 2020
Provides access to the Japanese stock market by replicating theFTSE Japan Index, allowing investors to gain precise exposure toJapan at a low cost. Invests primarily in the U.S.-domiciled FranklinFTSE Japan ETF.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Benchmark
Frequency of Index Reconstitution
$51.36M
509
2019-02-20
Passive
Equity
2,400,000
Toronto Stock Exchange
FLJA
35351A108
Semi-Annually
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Medium
FTSE Japan Index
Semi-Annual
EXPENSES
Management Fee
Management Expense Ratio
0.09%
0.00% .
MANAGEMENT
Dina Ting, CFA® 4 24
Louis Hsu, CFA® 2 13
Hailey Harris 2 10
Years with Firm Years of Experience
· Execute views on Japan within your developed international exposure.
· Provides targeted exposure to large- and mid-sized companies in Japan.
· Seeks to provide investment results that closely correspond, before fees and expenses, to theperformance of the FTSE Japan Index.
REASONS TO INVEST
2019..
TOTAL RETURNS (%)
Information displayed is for the U.S.-domiciled Franklin FTSE Japan ETF in which the fund primarily invests.
FLJA NAV -1.51 -1.38 7.92 -1.51 7.41 -- 4.87FTSE Japan Index -2.33 -1.56 7.00 -2.33 7.61 -- 4.99
2019..2019..
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2019-02-20
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
Toyota Motor Corp.
Sony Corp.
SoftBank Corp.
Keyence Corp.
Takeda Pharmaceutical Co Ltd.
Daiichi Sankyo Co Ltd.
KDDI Corp.
Mitsubishi UFJ Financial Group Inc.
Nintendo Co Ltd.
SHIN-ETSU Chemical Co Ltd. 1.28%1.31%1.34%1.40%1.43%1.49%2.07%2.25%2.30%4.21%
TOP TEN HOLDINGS
For any Franklin LibertyShares ETF that invests in one or more underlying ETF(s), the number of holdingsdisplayed represents those of the underlying ETF(s).
27741Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
--
franklintempleton.ca 50Dealer Use Only / Not for Distribution to the Public
IndustrialsConsumer DiscretionaryInformation TechnologyHealth CareFinancialsCommunication ServicesConsumer StaplesMaterialsReal EstateUtilitiesIndexEnergyCash & Cash Equivalents 0.00%
0.62%0.74%1.69%2.26%5.54%8.85%8.95%9.06%
11.38%12.37%17.75%20.78%
SECTOR ALLOCATION
For any Franklin LibertyShares ETF that invests in one or more underlying ETF(s), the sectorallocation displayed represents those of the underlying ETF(s).
Name P/B Ratio P/E Ratio (Trailing12 Months)
Std Deviation1 Year
FLJA 1.21 15.49 11.90 2020-06-30
FUND MEASURES
>50.0 Billion 6 32.3425.0-50.0 Billion 5 22.7510.0-25.0 Billion 4 22.255.0-10.0 Billion 3 12.702.0-5.0 Billion 2 8.58<2.0 Billion 1 1.37
MARKET CAPITALIZATION BREAKDOWN (% EQUITY)
For any Franklin LibertyShares ETF that invests in one or more underlying ETF(s), the marketcapitalization breakdown displayed represents those of the underlying ETF(s).
Portfolio holdings are subject to change. Issuers, Holdings, Sector Exposure and Geographic Allocation figures may reflect certain derivatives held in the portfolio (or their underlying reference assets) and maynot total 100% or may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
U.S. securities laws generally limit a non-U.S. fund's purchase of a U.S. registered mutual fund or ETF (a “U.S. Fund”) to no more than 3% of the U.S. Fund's voting securities. There are exceptions to thoselaws that apply to fund-on-fund structures such as the investment by Franklin FTSE Japan Index ETF in Franklin FTSE Japan ETF. A non-U.S. fund should consult with its advisor(s) prior to investing, directlyor indirectly, in a U.S. Fund.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.Source: FTSE. Important data provider notices and terms available at www.franklintempletondatasources.com.Performance: ETF units may be bought or sold throughout the day at their market price, not their Net Asset Value (NAV), on the exchange on which they are listed. Units of ETFs are tradable on secondarymarkets and may trade either at a premium or a discount to their NAV on the secondary market.Top Ten Holdings: All portfolio holdings are subject to change.Composition of Fund: Percentage may not equal 100% due to rounding.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
libertyshares.ca FLJA FFE 06/20
51 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin FTSE U.S. Index ETFFLAM
As of June 30, 2020
Provides access to the U.S. stock market by replicating the FTSEUSA Index, allowing investors to gain precise exposure to the U.S.at a low cost.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Benchmark
Frequency of Index Reconstitution
$356.10M
607
2019-02-20
Passive
Equity
15,000,000
Toronto Stock Exchange
FLAM
353510100
Quarterly
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Medium
FTSE U.S. Index
Semi-Annual
EXPENSES
Management Fee
Management Expense Ratio
0.07%
0.08%.
MANAGEMENT
Dina Ting, CFA® 4 24
Louis Hsu, CFA® 2 13
Hailey Harris 2 10
Years with Firm Years of Experience
· Execute views on U.S. within your regional North American exposure.
· Provides targeted exposure to large- and mid-sized companies in the U.S.
· Seeks to provide investment results that closely correspond, before fees and expenses, to theperformance of the FTSE U.S. Index.
REASONS TO INVEST
2019..
TOTAL RETURNS (%)
FLAM NAV 2.45 0.71 16.17 2.45 12.53 -- 13.40FTSE U.S. Index 2.31 0.69 16.15 2.31 12.29 -- 13.13
2019..2019..
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC. 2019-02-20
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
Microsoft Corp.
Apple Inc.
Amazon.com, Inc.
Alphabet Inc.
Facebook Inc.
Johnson & Johnson
Berkshire Hathaway Inc.
Visa Inc.
Procter & Gamble Co.
JPMorgan Chase & Co. 1.06%1.08%1.22%1.30%1.38%2.03%3.15%4.36%5.57%5.68%
TOP TEN HOLDINGS
27749Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
--
franklintempleton.ca 52Dealer Use Only / Not for Distribution to the Public
Information TechnologyHealth CareConsumer DiscretionaryCommunication ServicesFinancialsIndustrialsConsumer StaplesUtilitiesReal EstateEnergyMaterialsCash & Cash Equivalents 0.07%
2.38%2.77%2.92%3.00%6.72%7.92%
10.10%10.79%11.58%14.22%27.52%
SECTOR ALLOCATION
Name P/B Ratio P/E Ratio (Trailing12 Months)
Std Deviation1 Year
FLAM 3.34 22.94 15.83
FUND MEASURES
>50.0 Billion 77.2125.0-50.0 Billion 13.2010.0-25.0 Billion 7.955.0-10.0 Billion 1.462.0-5.0 Billion 0.16<2.0 Billion --N/A 0.03
MARKET CAPITALIZATION BREAKDOWN (% EQUITY)
Portfolio holdings are subject to change. Issuers, Holdings, Sector Exposure and Geographic Allocation figures may reflect certain derivatives held in the portfolio (or their underlying reference assets) and maynot total 100% or may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.Source: FTSE. Important data provider notices and terms available at www.franklintempletondatasources.com.Performance: ETF units may be bought or sold throughout the day at their market price, not their Net Asset Value (NAV), on the exchange on which they are listed. Units of ETFs are tradable on secondarymarkets and may trade either at a premium or a discount to their NAV on the secondary market.Top Ten Holdings: All portfolio holdings are subject to change.Composition of Fund: Percentage may not equal 100% due to rounding.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
libertyshares.ca FLAM FFE 06/20
53 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin Liberty Canadian InvestmentGrade Corporate ETF FLCI
As of June 30, 2020
The ETF seeks to provide long-term capital growth and currentincome by investing primarily in investment grade corporate debtissued by Canadian corporations. It may invest in asset-backed ormortgage-backed securities, and Canadian dollar-denominated debtissued by foreign corporations.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Benchmark
$95.62M
185
2017-05-30
Active
Fixed Income
4,700,000
Toronto Stock Exchange
FLCI
353768104
Monthly
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Low
FTSE Canada All Corporate Bond Index
EXPENSES
Management Fee
Management Expense Ratio
0.35%
0.39% .
MANAGEMENT
Adrienne Young, CFA®, MBA 6 25
Darcy Briggs, CFA® 15 26
Years with Firm Years of Experience
Stability of high quality Canadian fixed incomeDesigned for investors seeking a high-quality Canadian fixed income alternative, with compellingmonthly income potential
Actively managed, risk-adjusted returnsActive management approach focusses on maximizing risk-adjusted returns and reducing marketrisks.
Easier access to a spare asset classCompetitively-priced solution that provides individual investors access to sparsely available Canadiancorporate bonds.
REASONS TO INVEST
2017..
TOTAL RETURNS (%)
FLCI NAV 5.16 2.64 8.26 5.16 6.09 4.76 4.28FTSE Canada All Corporate Bond Index 5.41 2.57 8.09 5.41 6.63 4.99 4.53
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2017-05-30
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
Bank of Montreal, senior note, 3.19%, 3/01/28
407 International Inc., sub. secured note, 2006-D1, 5.75%, 2/14/36
TD Capital Trust IV, junior sub. bond, 6.631% to 6/30/21, FRN thereafter, 6/30/2108
Bank of America Corp., senior note, FRN, 3.301%, 4/24/24
Hydro One Inc., senior bond, 6.03%, 3/03/39
Hydro One Inc., senior bond, 4.89%, 3/13/37
Royal Bank of Canada, senior note, 2.609%, 11/01/24
The Toronto-Dominion Bank, sub. note, 9.15%, 5/26/25
TransCanada PipeLines Ltd., senior bond, 8.23%, 1/16/31
TransCanada PipeLines Ltd., senior note, 7.90%, 4/15/27 1.29%1.31%1.38%1.45%1.56%1.57%1.84%1.97%2.30%2.40%
TOP TEN HOLDINGS
25661Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
libertyshares.ca 54Dealer Use Only / Not for Distribution to the Public
FinancialEnergyInfrastructureCommunicationReal EstateIndustrialFederalSecuritizationCash & Cash Equivalents 0.26%
1.64%2.07%4.33%4.93%9.80%
16.10%23.16%37.72%
SECTOR ALLOCATION (% MARKET VALUE)** FUND MEASURES
Average Duration
Average Weighted Maturity
Yield to Maturity
Yield to Worst
Average Coupon
Average Credit Quality
6.86 Years
8.94 Years
2.29%
2.23%
4.13%
A-
AAAAAABBBBBCash & Cash Equivalents 0.26%
0.95%49.47%34.33%11.29%
3.71%
CREDIT QUALITY ALLOCATION* (% MARKET VALUE)**
libertyshares.ca ©2017 Franklin Templeton Investments Corp. All rights reserved.
*Ratings shown are assigned by one or more Nationally Recognized Statistical Rating Organizations ('NRSRO'), such as Standard & Poor's, Moody's and Fitch. The ratings are an indication of an issuer'screditworthiness and typically range from AAA or Aaa (highest) to D (lowest). When ratings from all three agencies are available, the middle rating is used; when two are available, the lowest rating is used;and when only one is available, that rating is used. Foreign government bonds without a specific rating are assigned the country rating provided by an NRSRO, if available. The NR category consists of ratablesecurities that have not been rated by an NRSRO. The N/A category consists of nonratable securities (e.g., equities). Cash includes equivalents, which may be rated.
**Market value figures reflect the trading value of the investments. Market value figures may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
GLOSSARY
Average Duration: A measure of the price sensitivity (the value of principal) of a fixed income investment to a change in interest rates. Duration is expressed as number of years.
Average Weighted Maturity: An estimate of the number of terms to maturity, taking the possibility of early payments into account, for the underlying holdings.
Yield to Maturity: The rate of return anticipated on a bond if it is held until the maturity date. Yield to maturity is considered a long-term bond yield expressed as an annual rate. The calculation of yield tomaturity takes into account the current market price, par value, coupon rate and time to maturity. It is also assumed that all coupons are reinvested at the same rate.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
FLCI FFE 06/20
55 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Franklin Liberty Core Balanced ETF FLBA
As of June 30, 2020
Seeks to provide long-term capital growth and some income byinvesting primarily in a balanced allocation of North American equityand fixed income securities. The equity-to-fixed-income allocationmay change slightly based on changes in market valuation or theportfolio managers' views on market conditions.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securitiesex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Trailing 12 Month Yield
Current Yield
Eligibility
Risk Rating
Benchmark
$6.49M
293
2018-01-29
Active
Multi-Asset
300,000
Toronto Stock Exchange
FLBA
35376K107
Quarterly
--
3.20
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Low
Custom Franklin Liberty Core Balanced ETF Index
EXPENSES
Management Fee
Management Expense Ratio
0.30%
0.49%
MANAGEMENT
Adrienne Young, CFA®, MBA 6 25
Brian A. Calder 18 21
Izabel Flis, CFA® 19 19
Tim Caulfield, CFA® 13 20
Years with Firm Years of Experience
Core portfolio holdingAn actively managed ETF which seeks capital appreciation and some income by providing Canadianinvestors with direct access to primarily North American equity and fixed income securities.
Access to broad market opportunitiesThe portfolio's diversified equity sector allocation is comprised of companies with attractive quality,value, growth and risk profiles and complemented by a multi-sector, high-quality fixed incomecomponent.
Seeks lower volatility than the general marketThe equity component of the portfolio targets volatility levels below those of overall Canadian andU.S. markets, complemented by the fixed income allocation.
REASONS TO INVEST
2018..
TOTAL RETURNS (%)
FLBA NAV 1.38 1.07 9.58 1.38 4.99 -- 5.85
Custom Franklin Liberty Core Balanced ETF Index* 2.02 1.58 11.48 2.02 6.56 -- 6.58
2018..2018..
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2018-01-29
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
Apple Inc.
Province of Ontario, 6.50%, 3/08/29
PSP Capital Inc., senior note, Reg S, 3.29%, 4/04/24
Province of Alberta, 3.90%, 12/01/33
Canada Post Corp., senior bond, 4.36%, 7/16/40
Microsoft Corp.
Province of New Brunswick, 4.55%, 3/26/37
Province of Ontario, 3.15%, 6/02/22
Province of Manitoba, 5.70%, 3/05/37
Royal Bank of Canada 2.04%2.11%2.13%2.20%2.75%2.79%3.06%3.15%3.39%3.42%
TOP TEN HOLDINGS
Equity 52.82%Fixed Income 46.84%Cash & Cash Equivalents 0.34%
ASSET ALLOCATION (% MARKET VALUE)***
25721Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
libertyshares.ca 56Dealer Use Only / Not for Distribution to the Public
RISK MEASURES
FLBA 0.90 10.75Custom Franklin Liberty Core Balanced ETF Index -- 11.83
2020-..
2020-..
FinancialsInformation TechnologyEnergyHealth CareConsumer StaplesCommunication ServicesIndustrialsUtilitiesMaterialsReal EstateConsumer Discretionary 1.29%
2.16%5.19%5.37%6.47%7.39%8.79%9.28%9.70%
16.91%27.46%
EQUITY SECTOR ALLOCATION (% EQUITY MARKET VALUE)***
ProvincialFederalFinancialEnergyMunicipalIndustrialInfrastructureReal Estate 1.63%
2.38%4.47%5.89%
10.77%18.57%20.68%35.61%
FIXED INCOME SECTOR ALLOCATION (% FIXED INCOME MARKET VALUE)***
FUND MEASURES
P/E Ratio (Trailing 12 Months)
P/B Ratio
Average Duration
Average Weighted Maturity
Yield to Maturity
Yield to Worst
Average Coupon
Average Credit Quality
18.44
2.54
7.79 Years
9.70 Years
1.67%
1.67%
3.80%
AA-
AAAAAABBB 15.01%
27.00%34.67%23.32%
CREDIT QUALITY ALLOCATION** (% FIXED INCOME MARKET VALUE)***
CanadaUnited StatesAustraliaBelgiumCash & Cash Equivalents 0.34%
0.45%1.07%
30.81%67.33%
GEOGRAPHIC ALLOCATION (% MARKET VALUE)***
libertyshares.ca ©2017 Franklin Templeton Investments Corp. All rights reserved.
*Custom Franklin Liberty Core Balanced ETF Index comprised of 45.0% FTSE Canada Universe Bond Index, 27.5% S&P/TSX Composite Total Return Index, and 27.5% S&P 500 Total Return Index(unhedged to CAD).aaa**Ratings shown are assigned by one or more Nationally Recognized Statistical Rating Organizations ('NRSRO'), such as Standard & Poor's, Moody's and Fitch. The ratings are an indication of an issuer'screditworthiness and typically range from AAA or Aaa (highest) to D (lowest). When ratings from all three agencies are available, the middle rating is used; when two are available, the lowest rating is used;and when only one is available, that rating is used. Foreign government bonds without a specific rating are assigned the country rating provided by an NRSRO, if available. The NR category consists ofratable securities that have not been rated by an NRSRO. The N/A category consists of nonratable securities (e.g., equities). Cash and equivalents are excluded from this breakdown.aaa***Market value figures reflect the trading value of the investments. Market value figures may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
GLOSSARYTrailing 12 Month Yield: Calculated as the sum of a ETF's total trailing 12-month interest and dividend payments divided by the last month's ending share price (NAV) plus any capital gains distributed overthe same period.aaaCurrent Yield: Calculated as the sum of the ETF's distribution amount over the last month and multiplying that by 12 months.aaaAverage Duration: A measure of the price sensitivity (the value of principal) of a fixed income investment to a change in interest rates. Duration is expressed as number of years.aaaAverage Weighted Maturity: An estimate of the number of terms to maturity, taking the possibility of early payments into account, for the underlying holdings.aaaYield to Maturity: The rate of return anticipated on a bond if it is held until the maturity date. Yield to maturity is considered a long-term bond yield expressed as an annual rate. The calculation of yield tomaturity takes into account the current market price, par value, coupon rate and time to maturity. It is also assumed that all coupons are reinvested at the same rate.
IMPORTANT INFORMATIONCommissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.aaaPerformance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annualcompounded total returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or incometaxes payable by any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.aaaCFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
FLBA FFE 06/20
Beta Standard Deviation (1 Year)
57 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin Liberty Core Plus Bond ETFFLCP
As of June 30, 2020
The ETF seeks to provide high current income and some long-termcapital appreciation through exposure to Canadian fixed-incomesecurities, including federal and provincial government andcorporate bonds, debentures and short-term notes, by investingsubstantially all of its assets in securities of Franklin Bissett CorePlus Bond Fund (or its successor fund).
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Benchmark
$44.43M
455
2019-07-08
Active
Fixed Income
2,150,000
Toronto Stock Exchange
FLCP
35377L104
Monthly
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Low
FTSE Canada Universe Bond Index
EXPENSES
Management Fee
Management Expense Ratio
0.55%
0.62% .
MANAGEMENT
Darcy Briggs, CFA® 15 26
Thomas O'Gorman, CFA® 10 30
Years with Firm Years of Experience
An experienced bond investorWith nearly 30 years of fixed income experience, Franklin Bissett provides investors with a wealth ofsuccessful bond investment expertise.
Lower portfolio riskAdding bonds to a portfolio can lower volatility by providing added stability and a regular stream ofincome, which is reassuring an any market environment.
"Core Plus" InvestingThe fund's primary investment focus is on core bonds issued in Canada with the potential forenhanced returns through global diversification.
REASONS TO INVEST
2019..
TOTAL RETURNS (%)
Information displayed is for the Franklin Bissett Core Plus Bond Fund in which the fund primarily invests.
FLCP NAV 5.81 1.89 7.08 5.81 -- -- 7.45FTSE Canada Universe Bond Index 7.53 1.69 5.87 7.53 -- -- 8.53
2019..2019..
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2019-07-08
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
U.S. Treasury Bond, 2.375%, 11/15/49
U.S. Treasury Note, .625%, 5/15/30
U.S. Treasury Note, .25%, 6/30/25
Province of Ontario, 5.60%, 6/02/35
Province of Ontario, 3.15%, 6/02/22
Province of Alberta, 2.55%, 6/01/27
Province of New Brunswick, 4.55%, 3/26/37
CPPIB Capital Inc., senior note, Reg S, 1.95%, 9/30/29
Canada Housing Trust No. 1, second lien, 144A, 1.90%, 9/15/26
U.S. Treasury Note, .125%, 5/31/22 1.22%1.23%1.25%1.28%1.43%1.46%1.48%1.53%2.26%2.96%
TOP TEN HOLDINGS
For any LibertyShares ETF that invests in one or more underlying fund(s), the number of holdings displayed representsthose of the underlying fund(s).
28390Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
58 libertyshares.ca 58Dealer Use Only / Not for Distribution to the Public
ProvincialFederalFinancialEnergyInfrastructureIndustrialCommunicationBank LoansReal EstateMunicipalSecuritizationOtherCash & Cash Equivalents 0.20%
-0.42%0.79%1.73%2.30%3.80%5.67%6.15%6.25%
13.88%15.46%21.60%22.59%
SECTOR ALLOCATION* (% MARKET VALUE)**
For any LibertyShares ETF that invests in one or more underlying fund(s), the sector allocationdisplayed represents those of the underlying fund(s).
FUND MEASURES*
Average Duration
Average Weighted Maturity
Yield to Maturity
8.29 Years
11.15 Years
2.29%
CanadaUnited StatesAustraliaUnited KingdomBelgiumGermanyCurrency DerivativesCash & Cash Equivalents 0.16%
0.05%0.06%0.21%0.50%0.99%
14.41%89.19%
GEOGRAPHIC ALLOCATION* (% MARKET VALUE)**
For any LibertyShares ETF that invests in one or more underlying fund(s), the geographic allocationdisplayed represents those of the underlying fund(s).The definition of cash may not match the definition of “cash and cash equivalents” listed in the fundfacts or management reports of fund performance for the fund, which includes bonds that have aremaining term to maturity of 365 days or less that are issued by certain governments, supranationalagencies or financial institutions and have a “designated rating” (as defined in Canadian securitieslaw). As such, the cash amounts listed may differ.
libertyshares.ca ©2017 Franklin Templeton Investments Corp. All rights reserved.
*Information displayed is for the Franklin Bissett Core Plus Bond Fund in which the fund primarily invests.
**Market value figures reflect the trading value of the investments. Market value figures may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
GLOSSARY
Average Duration: A measure of the price sensitivity (the value of principal) of a fixed income investment to a change in interest rates. Duration is expressed as number of years.
Average Weighted Maturity: An estimate of the number of terms to maturity, taking the possibility of early payments into account, for the underlying holdings.
Yield to Maturity: The rate of return anticipated on a bond if it is held until the maturity date. Yield to maturity is considered a long-term bond yield expressed as an annual rate. The calculation of yield tomaturity takes into account the current market price, par value, coupon rate and time to maturity. It is also assumed that all coupons are reinvested at the same rate.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
FLCP FFE 06/20
59 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin Liberty Global AggregateBond ETF (CAD-Hedged) FLGA
As of June 30, 2020
This ETF seeks to maximize total investment return, consisting of acombination of interest income and capital appreciation by investingprimarily in investment grade fixed or floating-rate debt securitiesissued by governments, government related entities (includingsupranational organizations supported by several nationalgovernments) and corporations worldwide.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Distribution Frequency
Eligibility
Risk Rating
Benchmark
$620.03M
149
2018-05-14
Active
Fixed Income
28,800,000
Toronto Stock Exchange
FLGA
35377B106
Monthly
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Low
Bloomberg Barclays Global Aggregate Index(100% Hedged into CAD)
MANAGEMENT
David Zahn 14 26John Beck 30 33Patrick A. Klein 14 15Sonal Desai 10 26
Years with Firm Years of Experience
FUND MEASURES*
Average Duration...Average Weighted Maturity...Yield to Maturity...Yield to Worst...Average Coupon...Average Credit Quality
8.58 Years...
10.46 Years...
2.57%...
2.55%...
3.41%...A
· Provides access to investments in government bonds, sovereign bonds and corporate bonds.
· Disciplined investment process that applies top-down macro views and bottom-up fundamentalresearch to a universe of government, sovereign and corporate bonds outside the U.S.
· Diversified exposure to investment grade bonds globally with a Canadian-dollar currency hedge.
REASONS TO INVEST
TOTAL RETURNS (%)
FLGA NAV 2.72 1.16 5.69 2.72 5.06 -- 6.13
Bloomberg Barclays Global Aggregate (100%Hedged into CAD) Index 3.75 0.49 2.33 3.75 5.67 -- 6.18
2018-05-142018-05-14
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2018-05-14
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
Government of Japan, senior bond, 1.00%, 12/20/35
Government of Poland, 5.75%, 4/25/29
Government of Spain, senior bond,144A, Reg S, 1.85%, 7/30/35
Queensland Treasury Corp., senior bond, 144A, Reg S, 3.25%, 8/21/29
Government of Poland, 2.50%, 7/25/27
U.S. Treasury Note, 1.50%, 2/15/30
Government of Belgium, Reg S, 1.25%, 4/22/33
Italy Buoni Poliennali Del Tesoro, Reg S, 144A, senior bond, 2.45%, 9/01/50
U.S. Treasury Bond, Index Linked, 1.75%, 1/15/28
Government of Mexico, senior bond, M 20, 8.50%, 5/31/29 1.93%1.93%2.18%2.40%3.09%3.40%3.58%3.88%4.40%4.72%
TOP TEN HOLDINGS
EXPENSES
Management Fee
Management Expense Ratio
0.35%
0.39% .
RISK MEASURES
Standard Deviation (1 Yr)
FLGA 6.77
Bloomberg Barclays Global Aggregate (100% Hedged into CAD) Index 3.69
.
.
26691Dealer Use Only | Not for Distribution to the Public
libertyshares.ca 60Dealer Use Only / Not for Distribution to the Public
United StatesPolandSpainJapanAustraliaFranceItalyMexicoBelgiumCanadaOtherCash & Cash Equivalents 3.92%
32.35%2.43%3.26%3.31%3.52%3.57%3.58%4.72%5.27%7.80%
26.28%
GEOGRAPHIC ALLOCATION (% MARKET VALUE)***
Canadian DollarIndonesian RupiahMexican PesoSouth African RandUS DollarColombian PesoUruguayan PesoDominican PesoTurkish LiraPolish ZlotyArgentine PesoJapanese YenHungarian ForintAustralian DollarDanish KroneEuro -1.99%
-0.02%-0.01%-0.01%-0.01%0.00%0.23%0.27%0.46%0.51%0.52%0.68%0.84%1.54%1.79%
95.20%
CURRENCY EXPOSURE (% NOTIONAL VALUE)***
AAAAAABBBBBBCCCNot ApplicableCash & Cash Equivalents 3.92%
1.94%1.03%3.56%3.31%
30.02%33.16%
9.16%13.91%
CREDIT QUALITY ALLOCATION** (% MARKET VALUE)***
EMU GovtUSD IG CorpNon-EMU EuropeSovereignAmericas ex-USAsia ex-JapanUS Govt / AgencyJapan GovtUSD SecuritizedEuro IG CorpQuasi-SovereignUSD HY CorpCurrency DerivativesCovered BondsEuro HY CorpOtherCash & Cash Equivalents 3.92%
1.33%0.68%1.00%1.94%2.54%3.15%4.65%4.67%4.72%5.50%5.70%6.07%8.14%9.25%
18.27%18.46%
SECTOR ALLOCATION (% MARKET VALUE)***
GLOSSARY
Average Duration: A measure of the price sensitivity (the value of principal) of a fixed income investment to a change in interest rates. Duration is expressed as number of years.--Average Weighted Maturity: An estimate of the number of terms to maturity, taking the possibility of early payments into account, for the underlying holdings.--Yield to Maturity: The rate of return anticipated on a bond if it is held until the maturity date. Yield to maturity is considered a long-term bond yield expressed as an annual rate. The calculation of yield tomaturity takes into account the current market price, par value, coupon rate and time to maturity. It is also assumed that all coupons are reinvested at the same rate.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annualcompounded total returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or incometaxes payable by any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
*Figures shown for Average Duration, Weighted Average Maturity Yield to Maturity, Yield to Worst and Average Coupon reflect certain derivatives held in the portfolio (or their underlying reference assets).---**Ratings shown are assigned by one or more Nationally Recognized Statistical Rating Organizations ('NRSRO'), such as Standard & Poor's, Moody's and Fitch. The ratings are an indication of an issuer'screditworthiness and typically range from AAA or Aaa (highest) to D (lowest). When ratings from all three agencies are available, the middle rating is used; when two are available, the lowest rating is used;and when only one is available, that rating is used. Foreign government bonds without a specific rating are assigned the country rating provided by an NRSRO, if available. The NR category consists of ratablesecurities that have not been rated by an NRSRO. The N/A category consists of nonratable securities (e.g., equities). Cash includes equivalents, which may be rated.--***Notional exposure figures are intended to estimate the portfolio’s exposure, including any hedged or increased exposure through certain derivatives held in the portfolio (or their underlying reference assets).Market value figures reflect the trading value of the investments. Notional and market value figures may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or otherfactors.
FLGA FFE 06/20
61 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin Liberty Risk ManagedCanadian Equity ETF FLRM
As of June 30, 2020
Seeks to provide long-term capital appreciation with reducedvolatility relative to the broad Canadian equity market by investingprimarily in a diversified portfolio of Canadian equities. Theinvestment approach incorporates a mix of historical and projectedfinancial and stock market data, designed to identify factorsmeasuring growth, value, low volatility and momentum.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Benchmark
$11.63M
123
2017-05-30
Active
Equity
600,000
Toronto Stock Exchange
FLRM
353769102
Quarterly
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Medium
S&P/TSX Composite Index
EXPENSES
Management Fee
Management Expense Ratio
0.30%
0.33% .
MANAGEMENT
Izabel Flis, CFA® 19 19
Tim Caulfield, CFA® 13 20
Years with Firm Years of Experience
Differentiated equity strategy with emphasis on reducing risksA differentiated Canadian equity solution, developed to produce below-market volatility through amulti-layered risk reduction approach.
Multi-factor approach for compelling risk-adjusted returnsA multi-factor, rules-based investment process resulting in a broader investment universe for apotentially compelling risk profile and risk-adjusted returns.
Distinctive approach to rules-based investingThe strength of the investment process lies in its objectivity and rigor, a process that is continuallyevaluated and refined over time.
REASONS TO INVEST
2017..
TOTAL RETURNS (%)
FLRM NAV -9.09 -0.21 5.32 -9.09 -5.78 1.64 1.54S&P/TSX Composite Index -7.47 2.46 16.97 -7.47 -2.17 3.91 3.50
2017..2017..
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2017-05-30
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
Royal Bank of Canada
Toronto-Dominion Bank
Canadian National Railway Co.
Enbridge, Inc.
Barrick Gold Corp.
Bank Of Nova Scotia/The
Brookfield Asset Management, Inc.
TC Energy Corp.
BCE Inc.
Canadian Pacific Railway Ltd. 2.84%3.06%3.23%3.65%4.04%4.06%4.99%5.15%6.57%7.74%
TOP TEN HOLDINGS
25663Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
--
libertyshares.ca 62Dealer Use Only / Not for Distribution to the Public
RISK MEASURES (3 YEAR)
FinancialsIndustrialsMaterialsEnergyCommunication ServicesUtilitiesConsumer StaplesInformation TechnologyConsumer DiscretionaryReal EstateIndexHealth CareCash & Other Net Assets 0.97%
0.00%1.91%2.92%3.46%4.13%5.57%6.53%7.01%8.24%9.88%
13.20%36.17%
SECTOR ALLOCATION
FLRM 0.63 10.18
S&P/TSX Composite Index -- 15.43
Abc
Abc
Name P/B Ratio P/E Ratio(Trailing 12 Months)
FLRM 1.70 14.59
S&P/TSX Composite Index 1.68 14.46
2020-06-30
2020-06-30
PORTFOLIO STATISTICS
CanadaUnited StatesCash & Cash Equivalents 0.97%
3.17%95.86%
GEOGRAPHIC ALLOCATION
Portfolio holdings are subject to change. Issuers, Holdings, Sector Exposure and Geographic Allocation figures may reflect certain derivatives held in the portfolio (or their underlying reference assets) and maynot total 100% or may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
libertyshares.ca ©2017 Franklin Templeton Investments Corp. All rights reserved.
Beta Standard Deviation (3 Year)
FLRM FFE 06/20
63 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin Liberty Senior Loan ETF(CAD-Hedged) FLSL
As of June 30, 2020
July 10, 2020: Franklin Liberty Senior Loan (CAD-Hedged) ETF to terminate
On July 9, 2020, Franklin Templeton Investments Corp. (the “Manager”) approved the proposal to terminate the Franklin Liberty Senior Loan (CAD-Hedged) ETF (the“ETF”). The ETF will terminate on or about September 17, 2020.
Effective today, no further direct subscriptions for units of the ETF will be accepted.
On or about September 14, 2020, at the close of business, the ETF will be delisted from the Toronto Stock Exchange. Unitholders who do not sell or redeem their unitsbefore the close of business on September 14, 2020, will receive cash representing their proportionate share of the assets of the ETF on or about September 18, 2020.
Seeks to provide a high level of current income and preservation ofcapital by investing primarily in senior secured income producingfloating rate corporate loans made to, and corporate debt securitiesissued by, U.S. and non-U.S. entities.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Distribution Frequency
Eligibility
Risk Rating
Benchmark
$3.53M
21
2018-05-14
Active
Fixed Income
200,000
Toronto Stock Exchange
FLSL
35376R102
Monthly
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Low to Medium
S&P/LSTA Leveraged Loan 100 Index(CAD-Hedged)
EXPENSES
Management Fee
Management Expense Ratio
0.45%
0.50% .
MANAGEMENT
Reema Agarwal 15 23
Justin Ma, CFA® 13 13
Margaret Chiu 8 8
Years with Firm Years of Experience
· Provides access to investments in floating rate bonds which adjust interest payments accordingly tointerest rate changes.
· Seeks to provide attractive income, manage interest rate risk and provide diversification relative toother fixed income asset classes.
· Actively managed by an experienced investment team dedicated to bank loans.
REASONS TO INVEST
2018..
TOTAL RETURNS (%)
FLSL NAV -7.05 0.18 3.21 -7.05 -4.65 -- -1.30
Custom Franklin Senior Loan Index CAD Hedged* -4.23 -0.13 5.64 -4.23 -0.58 -- 1.34
S&P/LSTA U.S. Leveraged Loan 100 Index CADHedged -4.64 -0.19 6.49 -4.64 -1.51 -- 0.65
2018-05-142018-05-142018-05-14
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2018-05-14
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
*Tracks the investable market of the U.S. dollar denominated leveraged loan market. It consists of issues rated “5B” orlower, meaning that the highest rated issues included in this index are Moody's/S&P ratings of Baal/BB+ or Bal/BBB+. Allloans are funded term loans with a tenor of at least one year and are made by issuers domiciled in developed countries.
Franklin Bissett Core Plus Bond Fund
Invesco Senior Loan Index ETF
Caesars Resort Collection LLC
Nielsen Finance LLC (VNU Inc.)
Petsmart Inc.
Sunshine Luxembourg VII SARL
Aristocrat Technologies Inc.
Reynolds Group Holdings Inc.
Playtika Holding Corp.
American Airlines Inc. 3.29%3.38%4.32%4.38%4.46%4.49%5.82%6.49%6.75%8.65%
TOP TEN HOLDINGS
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
libertyshares.ca 64Dealer Use Only / Not for Distribution to the Public
Collateralized Loan ObligationGaming/LeisureRetailersMediaAerospace & DefenseTechnologyHealth CarePackagingUtilityTelecommunicationsServicesOtherCash & Cash Equivalents 23.06%
2.09%2.12%2.47%2.61%4.35%4.44%5.01%5.51%5.86%
11.36%14.32%16.79%
SECTOR ALLOCATION (% MARKET VALUE)*** FUND MEASURES*
Average Duration
Life
Average Coupon
Average Credit Quality
Discount Margin
Weighted Average Price
Spread to LIBOR
Time to Reset
1.46 Years
3.75 Years
2.88%
BB+
4.93
96.10
329
80
AAAAAABBBBBBCCCNot RatedDNot ApplicableCash & Cash Equivalents 23.06%
10.48%0.01%1.98%0.78%
38.32%17.34%
1.93%2.16%1.96%1.98%
CREDIT QUALITY ALLOCATION** (% MARKET VALUE)***
libertyshares.ca ©2017 Franklin Templeton Investments Corp. All rights reserved.
GLOSSARY
Average Duration: A measure of the price sensitivity (the value of principal) of a fixed income investment to a change in interest rates. Duration is expressed as number of years.
Life: An estimate of the number of terms to maturity, taking the possibility of early payments into account, for the underlying holdings.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
*Figures shown for Average Duration, Life and Average Coupon reflect certain derivatives held in the portfolio (or their underlying reference assets).
**Ratings shown are assigned by one or more Nationally Recognized Statistical Rating Organizations ('NRSRO'), such as Standard & Poor's, Moody's and Fitch. The ratings are an indication of an issuer'screditworthiness and typically range from AAA or Aaa (highest) to D (lowest). When ratings from all three agencies are available, the middle rating is used; when two are available, the lowest rating is used;and when only one is available, that rating is used. Foreign government bonds without a specific rating are assigned the country rating provided by an NRSRO, if available. The NR category consists of ratablesecurities that have not been rated by an NRSRO. The N/A category consists of nonratable securities (e.g., equities). Cash includes equivalents, which may be rated.
***Market value figures reflect the trading value of the investments. Market value figures may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
FLSL FFE 06/20
65 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin Liberty Short Duration BondETF FLSD
As of June 30, 2020
The ETF seeks to provide high income and preservation of capitalthrough exposure to Canadian fixed-income securities, includingfederal and provincial government and corporate bonds, debenturesand short-term notes, by investing substantially all of its assets insecurities of Franklin Bissett Short Duration Bond Fund (or itssuccessor fund).
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Benchmark
$8.01M
324
2019-07-08
Active
Fixed Income
400,000
Toronto Stock Exchange
FLSD
35377H103
Monthly
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Low
FTSE Canada Short Term Overall Bond Index
EXPENSES
Management Fee
Management Expense Ratio
0.40%
0.46% .
MANAGEMENT
Darcy Briggs, CFA® 15 26
Adrienne Young, CFA®, MBA 6 25
Years with Firm Years of Experience
Franklin Bissett's fixed income expertiseFranklin Bissett has been managing fixed income investments for nearly 30 years for individual,institutional and high net-worth clients.
Lower portfolio volatilityAs short-term bonds are generally less sensitive to interest rate movements than longer-term bonds,they can help minimize the impact of rising rates on a portfolio and reduce overall portfolio volatility.
REASONS TO INVEST
2019..
TOTAL RETURNS (%)
Information displayed is for the Franklin Bissett Short Duration Bond Fund in which the fund primarily invests.
FLSD NAV 2.82 0.98 4.31 2.82 -- -- 4.31FTSE Canada Short Term Overall Bond Index 4.04 0.53 2.15 4.04 -- -- 4.92
2.
2.
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2019-07-08
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
Province of Ontario, 3.15%, 6/02/22
Canada Housing Trust No. 1, secured bond, 144A, 2.40%, 12/15/22
Canada Housing Trust, secured bond, 144A, 3.80%, 6/15/21
U.S. Treasury Note, .125%, 5/31/22
Province of Ontario, 4.00%, 6/02/21
Province of Ontario, 2.60%, 9/08/23
Province of Ontario, 2.60%, 6/02/25
U.S. Treasury Note, .25%, 6/30/25
Bank of Montreal, senior note, 3.19%, 3/01/28
PSP Capital Inc., senior note, Reg S, 1.73%, 6/21/22 1.40%1.45%1.74%1.95%2.16%2.20%2.22%2.90%3.09%4.52%
TOP TEN HOLDINGS
For any LibertyShares ETF that invests in one or more underlying fund(s), the number of holdings displayed representsthose of the underlying fund(s).
28389Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
66 libertyshares.ca 66Dealer Use Only / Not for Distribution to the Public
FinancialFederalProvincialEnergyCommunicationIndustrialReal EstateInfrastructureSecuritizationMunicipalBank LoansOtherCash & Cash Equivalents 0.40%
-1.11%0.26%0.66%1.73%3.90%4.79%6.40%7.41%8.50%
19.26%19.84%27.97%
SECTOR ALLOCATION* (% MARKET VALUE)**
For any LibertyShares ETF that invests in one or more underlying fund(s), the sector allocationdisplayed represents those of the underlying fund(s).
FUND MEASURES*
Average Duration
Average Weighted Maturity
Yield to Maturity
2.88 Years
4.00 Years
1.69%
CanadaUnited StatesGermanyAustraliaUnited KingdomBelgiumLuxembourgCurrency DerivativesCash & Cash Equivalents 0.40%
-0.01%0.06%0.15%0.69%0.79%1.14%
14.60%90.28%
GEOGRAPHIC ALLOCATION* (% MARKET VALUE)**
For any LibertyShares ETF that invests in one or more underlying fund(s), the geographic allocationdisplayed represents those of the underlying fund(s).The definition of cash may not match the definition of “cash and cash equivalents” listed in the fundfacts or management reports of fund performance for the fund, which includes bonds that have aremaining term to maturity of 365 days or less that are issued by certain governments, supranationalagencies or financial institutions and have a “designated rating” (as defined in Canadian securitieslaw). As such, the cash amounts listed may differ.
libertyshares.ca ©2017 Franklin Templeton Investments Corp. All rights reserved.
*Information displayed is for the Franklin Bissett Short Duration Bond Fund in which the fund primarily invests.
**Market value figures reflect the trading value of the investments. Market value figures may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
GLOSSARY
Average Duration: A measure of the price sensitivity (the value of principal) of a fixed income investment to a change in interest rates. Duration is expressed as number of years.
Average Weighted Maturity: An estimate of the number of terms to maturity, taking the possibility of early payments into account, for the underlying holdings.
Yield to Maturity: The rate of return anticipated on a bond if it is held until the maturity date. Yield to maturity is considered a long-term bond yield expressed as an annual rate. The calculation of yield tomaturity takes into account the current market price, par value, coupon rate and time to maturity. It is also assumed that all coupons are reinvested at the same rate.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
FLSD FFE 06/20
67 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin Liberty U.S. InvestmentGrade Corporate ETF (CAD-Hedged) FLUI
As of June 30, 2020
Seeks to provide a high level of current income and preservation ofcapital by investing primarily in U.S. dollar denominated investmentgrade corporate debt securities issued by U.S. and non-U.S.entities.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Distribution Frequency
Eligibility
Risk Rating
Benchmark
$22.31M
116
2018-05-14
Active
Fixed Income
1,000,000
Toronto Stock Exchange
FLUI
353770100
Monthly
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Medium
Bloomberg Barclays US Corporate Index(CAD hedged)
EXPENSES
Management Fee
Management Expense Ratio
0.35%
0.40% .
MANAGEMENT
Marc Kremer, CFA® 16 32
Shawn Lyons, CFA® 23 24
Years with Firm Years of Experience
· Provides access to U.S. and non-U.S. income-producing corporate bonds.
· Exposure to high quality investment grade bonds with a Canadian-dollar currency hedge.
· Used to seek income and as a core fixed income allocation.
REASONS TO INVEST
2018..
TOTAL RETURNS (%)
FLUI NAV 5.16 2.00 9.02 5.16 9.29 -- 8.69
Bloomberg Barclays US Corporate Index (CADHedged) 4.38 1.93 8.79 4.38 8.57 -- 8.53
2018-05-142018-05-14
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2018-05-14
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
United States Treasury Note/Bond, 1,25%, 5/15/2050
Bank of America Corp., sub. bond, 4.183%, 11/25/27
Morgan Stanley, senior bond, 3.591% to 7/22/27, FRN thereafter, 7/22/28
AT&T Inc., senior note, 3.80%, 2/15/27
Microsoft Corp., senior note, 2.65%, 11/03/22
Truist Financial Corp., sub. bond, 3.875%, 3/19/29
Virginia Electric and Power Co., senior note, 3.50%, 3/15/27
BPCE SA, sub. bond, Reg S, 5.15%, 7/21/24
The Goldman Sachs Group Inc., sub. note, 4.25%, 10/21/25
BNP Paribas SA, senior note, to, 4.705%, 1/10/25 1.37%1.38%1.39%1.39%1.43%1.54%1.57%1.60%1.64%1.76%
TOP TEN HOLDINGS
26690Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
libertyshares.ca 68Dealer Use Only / Not for Distribution to the Public
FinanceEnergyUtilityHealth CareTechnologyWiredRetailersTransportationChemicalsFood & BeverageCable SatelliteTreasury & Govt. RelatedConsumer ProductsIndustrialConsumer Cyclical ServicesAerospace & DefenseMedia Non CableSupermarketsPaperBuildingMetals & MiningLodgingOtherCash & Cash Equivalents 1.29%
3.04%0.62%0.62%0.67%0.68%0.75%1.32%1.35%1.65%1.75%1.75%2.01%2.20%2.53%2.66%2.77%3.26%3.37%6.72%8.34%9.48%
11.31%28.13%
SECTOR ALLOCATION (% MARKET VALUE)*** FUND MEASURES*
Average Duration
Average Weighted Maturity
Yield to Maturity
Yield to Worst
Average Coupon
Average Credit Quality
8.31 Years
11.13 Years
2.49%
2.45%
3.90%
A-
RISK MEASURES (1 YEAR)
Beta
Standard Deviation
Sharpe Ratio
Tracking Error
Information Ratio
0.92
9.19
0.84
1.00
0.72
AAAAAABBBNot ApplicableCash & Cash Equivalents 1.29%
3.04%52.64%35.81%
3.91%3.30%
CREDIT QUALITY ALLOCATION** (% MARKET VALUE)***
libertyshares.ca ©2017 Franklin Templeton Investments Corp. All rights reserved.
GLOSSARY
Average Duration: A measure of the price sensitivity (the value of principal) of a fixed income investment to a change in interest rates. Duration is expressed as number of years.
Average Weighted Maturity: An estimate of the number of terms to maturity, taking the possibility of early payments into account, for the underlying holdings.
Yield to Maturity: The rate of return anticipated on a bond if it is held until the maturity date. Yield to maturity is considered a long-term bond yield expressed as an annual rate. The calculation of yield tomaturity takes into account the current market price, par value, coupon rate and time to maturity. It is also assumed that all coupons are reinvested at the same rate.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annualcompounded total returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or incometaxes payable by any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
*Figures shown for Average Duration, Weighted Average Maturity Yield to Maturity, Yield to Worst and Average Coupon reflect certain derivatives held in the portfolio (or their underlying reference assets).
**Ratings shown are assigned by one or more Nationally Recognized Statistical Rating Organizations ('NRSRO'), such as Standard & Poor's, Moody's and Fitch. The ratings are an indication of an issuer'screditworthiness and typically range from AAA or Aaa (highest) to D (lowest). When ratings from all three agencies are available, the middle rating is used; when two are available, the lowest rating is used;and when only one is available, that rating is used. Foreign government bonds without a specific rating are assigned the country rating provided by an NRSRO, if available. The NR category consists ofratable securities that have not been rated by an NRSRO. The N/A category consists of nonratable securities (e.g., equities). Cash includes equivalents, which may be rated.
***Market value figures reflect the trading value of the investments. Market value figures may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
FLUI FFE 06/20
69 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin LibertyQT Emerging MarketsIndex ETF FLEM
As of June 30, 2020
The fund seeks to provide investment results that closelycorrespond, before fees and expenses, to the performance of itscorresponding underlying index, LibertyQ Emerging Markets Index.The underlying LibertyQ Emerging Markets Index includes stocksfrom emerging markets countries that have favourable exposure tofour investment style factors–quality, value, momentum and lowvolatility.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Investment Universe
Underlying Index
Frequency of Index Reconstitution
$22.91M
347
2018-01-29
Smart Beta
Equity
1,400,000
Toronto Stock Exchange
FLEM
35376C105
Semi-Annually
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Medium
MSCI Emerging Markets Index - NR
LibertyQ Emerging Markets Index
Semi-Annual
EXPENSES
Management Fee
Management Expense Ratio
0.45%
0.59% .
MANAGEMENT
Dina Ting, CFA® 4 24
Hailey Harris 2 10
Louis Hsu, CFA® 2 13
Years with Firm Years of Experience
Strategic Style Factor Diversication Offers the Potential for Strong Risk-Adjusted PerformanceOur proprietary rules-based approach, which focuses on four investment-styles, is designed to pursuemarket upside with reduced downside, and seeks higher risk-adjusted returns than marketcap-weighted indices over the long-term.
Developed and monitored by seasoned and quantitative ETF specialistsFranklin LibertyQ ETF strategies were developed by Franklin’s team of seven quantitative expertsand are managed by portfolio management professionals who have more than a decade of ETFexperience.
Benefits of Traditional ETF FeaturesETFs typically offer investors daily transparency of fund holdings, no minimum investment and tradingthroughout the day. The structure of ETFs may also allow for more effective management of theETF’s trading costs, portfolio turnover and potential tax liabilities.
REASONS TO INVEST
2018..
TOTAL RETURNS (%)
FLEM NAV -12.08 1.11 7.68 -12.08 -8.41 -- -6.09
MSCI Emerging Markets Index - NR* -5.25 5.78 12.99 -5.25 0.70 -- -3.36
2018..2018..
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2018-01-29
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
*Net Returns (NR) include income net of tax withholding when dividends are paid.
NCSOFT Corp.
Itaúsa SA
ITC Ltd.
Vale SA
Hindustan Unilever Ltd.
Kweichow Moutai Co Ltd.
Infosys Ltd.
NetEase Inc.
Chunghwa Telecom Co Ltd.
KB Financial Group Inc. 1.03%1.04%1.04%1.06%1.06%1.06%1.07%1.09%1.10%1.20%
TOP TEN HOLDINGS
26259Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
RISK MEASURES
FinancialsConsumer StaplesCommunication ServicesMaterialsEnergyInformation TechnologyConsumer DiscretionaryIndustrialsUtilitiesReal EstateHealth CareCash & Cash Equivalents 0.76%
1.72%2.18%3.01%4.89%5.35%
11.49%11.86%12.77%13.93%15.24%16.79%
SECTOR ALLOCATION
FLEM 0.88 14.91
MSCI Emerging Markets Index - NR -- 16.06
2020-06-30
2020-06-30
Name P/B Ratio P/E Ratio(Trailing 12 Months)
FLEM 1.33 10.23
MSCI Emerging Markets Index - NR 1.64 16.04
2020-06-30
2020-06-30
PORTFOLIO STATISTICS
ChinaIndiaTaiwanRussiaSouth KoreaBrazilSaudi ArabiaSouth AfricaIndonesiaMexicoOtherCash & Cash Equivalents 0.76%
12.47%2.37%2.77%3.37%3.53%5.06%8.42%
10.85%11.28%12.23%26.89%
GEOGRAPHIC ALLOCATION
Portfolio holdings are subject to change. Issuers, Holdings, Sector Exposure and Geographic Allocation figures may reflect certain derivatives held in the portfolio (or their underlying reference assets) and maynot total 100% or may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
The LibertyQ Emerging Markets Index is a custom index based on the MSCI Emerging Markets Index and is owned and independently calculated and maintained by MSCI. The methodology forthe Index is publicly available on the MSCI website. The Franklin LibertyQT Emerging Markets Index ETF is not sponsored, endorsed, issued, sold or promoted by or affiliated with MSCI Inc.MSCI Inc. does not make any representation regarding the advisability of investing in the Franklin LibertyQT Emerging Markets Index ETF. See the prospectus of Franklin LibertyQT EmergingMarkets Index ETF for further information.
All MSCI information is provided "as is". The ETF described herein is not sponsored or endorsed by MSCI. In no event shall MSCI, its affiliates, or any MSCI data provider have any liability of any kind inconnection with the MSCI data or the ETF described herein. Copying or redistributing the MSCI data is strictly prohibited.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
libertyshares.ca
Beta Standard Deviation (1 Year)
FLEM FFE 06/20
libertyshares.ca 70Dealer Use Only / Not for Distribution to the Public
71 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin LibertyQT Global DividendIndex ETF FLGD
As of June 30, 2020
The fund seeks to provide investment results that closelycorrespond, before fees and expenses, to the performance of itscorresponding underlying index, LibertyQ Global Dividend Index.The underlying LibertyQ Global Dividend Index includes stocks fromdeveloped and emerging market countries with high and persistentdividend income that have favorable exposure to the qualityinvestment-style factor.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Investment Universe
Underlying Index
Frequency of Index Reconstitution
$9.66M
99
2018-01-29
Smart Beta
Equity
500,000
Toronto Stock Exchange
FLGD
35376A109
Monthly
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Low to Medium
MSCI AC World ex-REITS Index - NR
LibertyQ Global Dividend Index
Quarterly
EXPENSES
Management Fee
Management Expense Ratio
0.30%
0.50% .
MANAGEMENT
Dina Ting, CFA® 4 24
Hailey Harris 2 10
Louis Hsu, CFA® 2 13
Years with Firm Years of Experience
Potential for Strong Risk-Adjusted PerformanceOur proprietary rules-based approach, which focuses on the quality investment style factor, isdesigned to pursue market upside with reduced downside, and seeks higher risk-adjusted returnsthan market cap-weighted indices over the long-term.
Developed and monitored by seasoned and quantitative ETF specialistsFranklin LibertyQ ETF strategies were developed by Franklin’s team of seven quantitative expertsand are managed by portfolio management professionals who have more than a decade of ETFexperience.
Benefits of Traditional ETF FeaturesETFs typically offer investors daily transparency of fund holdings, no minimum investment and tradingthroughout the day. The structure of ETFs may also allow for more effective management of theETF’s trading costs, portfolio turnover and potential tax liabilities.
REASONS TO INVEST
2018..
TOTAL RETURNS (%)
FLGD NAV -9.18 0.99 8.68 -9.18 -3.07 -- 1.34MSCI AC World ex-REITS Index - NR* -1.34 1.72 14.22 -1.34 6.71 -- 4.52
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2018-01-29
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
*Net Returns (NR) include income net of tax withholding when dividends are paid.
Westpac Banking Corp.
Commonwealth Bank Of Australia
Allianz SE
Qualcomm Inc.
United Parcel Service Inc.
Paychex Inc.
Royal Bank of Canada
Emerson Electric Co
Toronto-Dominion Bank
Unilever NV 2.04%2.05%2.08%2.09%2.10%2.15%2.18%2.21%2.27%2.30%
TOP TEN HOLDINGS
26260Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
--
libertyshares.ca 72Dealer Use Only / Not for Distribution to the Public
RISK MEASURES
FinancialsInformation TechnologyConsumer StaplesConsumer DiscretionaryHealth CareIndustrialsCommunication ServicesReal EstateMaterialsEnergyUtilitiesCash & Cash Equivalents 0.31%
0.41%0.73%2.00%2.09%6.63%8.84%9.17%9.90%
13.84%15.01%31.06%
SECTOR ALLOCATION
FLGD 0.96 14.54
MSCI AC World ex-REITS Index - NR -- 14.65
202..
202..
Name P/B Ratio P/E Ratio(Trailing 12 Months)
FLGD 2.48 14.13
MSCI AC World ex-REITS Index - NR 2.36 19.26
2020-06-30
2020-06-30
PORTFOLIO STATISTICS
United StatesAustraliaUnited KingdomJapanSwitzerlandCanadaGermanyTaiwanFinlandQatarOtherCash & Cash Equivalents 0.31%
11.29%2.15%2.29%2.65%2.94%6.22%6.57%7.22%8.70%9.16%
40.49%
GEOGRAPHIC ALLOCATION
Portfolio holdings are subject to change. Issuers, Holdings, Sector Exposure and Geographic Allocation figures reflect certain derivatives held in the portfolio (or their underlying reference assets) and may nottotal 100% or may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
The LibertyQ Global Dividend Index is a custom index based on the MSCI AC World ex-REITS Index and is owned and independently calculated and maintained by MSCI. The methodology forthe Index is publicly available on the MSCI website. The Franklin LibertyQT Global Dividend Index ETF is not sponsored, endorsed, issued, sold or promoted by or aliated with MSCI Inc. MSCIInc. does not make any representation regarding the advisability of investing in the Franklin LibertyQT Global Dividend Index ETF. See the prospectus of Franklin LibertyQT Global DividendIndex ETF for further information.
All MSCI information is provided "as is". The ETF described herein is not sponsored or endorsed by MSCI. In no event shall MSCI, its affiliates, or any MSCI data provider have any liability of any kind inconnection with the MSCI data or the ETF described herein. Copying or redistributing the MSCI data is strictly prohibited.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
libertyshares.ca
Beta Standard Deviation (1 Year)
FLGD FFE 06/20
73 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin LibertyQT InternationalEquity Index ETF FLDM
As of June 30, 2020
The ETF seeks to deliver investment results that closely correspond,before fees and expenses, to the performance of the LibertyQInternational Equity Index. The underlying index seeks to achieve alower level of risk and higher risk-adjusted performance than theMSCI EAFE Index over the long term.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Investment Universe
Underlying Index
Frequency of Index Reconstitution
$11.13M
229
2017-06-05
Smart Beta
Equity
600,000
Toronto Stock Exchange
FLDM
353771108
Semi-Annually
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Medium
MSCI EAFE Index - NR
LibertyQ International Equity Index
Semi-Annual
EXPENSES
Management Fee
Management Expense Ratio
0.40%
0.44% .
MANAGEMENT
Dina Ting, CFA® 4 24
Hailey Harris 2 10
Louis Hsu, CFA® 2 13
Years with Firm Years of Experience
Strategic style factor diversification offers the potential for strong risk-adjusted performanceOur proprietary rules-based approach to international equity, which focuses on four investment-styles,is designed to pursue market upside with reduced downside, and seeks higher risk-adjusted returnsthan market cap-weighted indices over the long-term.
Developed and monitored by seasoned and quantitative ETF specialistsFranklin LibertyQT ETF strategies were developed by our team of quantitative experts and aremanaged by portfolio management professionals who have more than a decade of ETF experience.
Benefits of traditional ETF featuresETFs typically offer investors daily transparency of fund holdings, no minimum investmentrequirements and trading throughout the day. The structure of ETFs may also allow for more effectivemanagement of the ETF’s trading costs, portfolio turnover and potential tax liabilities.
REASONS TO INVEST
2017..
TOTAL RETURNS (%)
FLDM NAV -6.90 0.81 7.69 -6.90 -0.93 2.07 0.27MSCI EAFE Index - NR* -6.88 1.89 9.93 -6.88 -1.12 2.42 0.66
2.
2.
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2017-06-05
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
*Net Returns (NR) include income net of tax withholding when dividends are paid.
Unilever NV
Rio Tinto PLC
Sanofi
BHP Group Ltd.
Unilever PLC
Toyota Motor Corp.
British American Tobacco PLC
Nestle SA
Novartis AG
KDDI Corp. 1.91%1.93%1.93%1.94%2.00%2.01%2.03%2.03%2.04%2.07%
TOP TEN HOLDINGS
25662Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
--
RISK MEASURES (3 YEAR)
Health CareConsumer StaplesConsumer DiscretionaryMaterialsCommunication ServicesIndustrialsUtilitiesFinancialsInformation TechnologyEnergyReal EstateCash & Cash Equivalents 0.26%
1.93%2.57%3.35%4.98%5.02%
10.08%10.44%12.19%13.97%16.86%18.36%
SECTOR ALLOCATION
FLDM 0.84 9.14
MSCI EAFE Index - NR -- 10.50
Abc
Abc
Name P/B Ratio P/E Ratio(Trailing 12 Months)
FLDM 2.10 15.51
MSCI EAFE Index - NR 1.53 15.82
06-30
06-30
PORTFOLIO STATISTICS
JapanUnited KingdomAustraliaSwitzerlandSpainFranceDenmarkItalySwedenFinlandOtherCash & Cash Equivalents 0.26%
7.87%1.66%2.20%3.16%3.45%3.63%4.77%8.21%
14.98%24.66%25.16%
GEOGRAPHIC ALLOCATION
Portfolio holdings are subject to change. Issuers, Holdings, Sector Exposure and Geographic Allocation figures may reflect certain derivatives held in the portfolio (or their underlying reference assets) and maynot total 100% or may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
The LibertyQ International Equity Index is a custom index based on the MSCI EAFE Index and is owned and independently calculated and maintained by MSCI. The methodology for the Index ispublicly available on the MSCI website. The Franklin LibertyQT International Equity Index ETF is not sponsored, endorsed, issued, sold or promoted by or affiliated with MSCI Inc. MSCI Inc.does not make any representation regarding the advisability of investing in the Franklin LibertyQT International Equity Index ETF. See the prospectus of Franklin LibertyQT International EquityIndex ETF for further information.
All MSCI information is provided "as is". The ETF described herein is not sponsored or endorsed by MSCI. In no event shall MSCI, its affiliates, or any MSCI data provider have any liability of any kind inconnection with the MSCI data or the ETF described herein. Copying or redistributing the MSCI data is strictly prohibited.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
libertyshares.ca
Beta Standard Deviation
FLDM FFE 06/20
libertyshares.ca 74Dealer Use Only / Not for Distribution to the Public
75 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
Abc
Franklin LibertyQT U.S. EquityIndex ETF FLUS
As of June 30, 2020
The ETF seeks to deliver investment results that closely correspond,before fees and expenses, to the performance of the LibertyQ U.S.Large Cap Equity Index. The underlying index seeks to achieve alower level of risk and higher risk-adjusted performance than theRussell 1000® Index over the long term.
.
INVESTMENT OBJECTIVE
FUND OVERVIEW
Total Net Assets
Number of Securities ex-Cash
Inception Date
ETF Type
Asset Class
Units Outstanding
Listing Exchange
Ticker
CUSIP
Dividend Distributions
Eligibility
Risk Rating
Investment Universe
Underlying Index
Frequency of Index Reconstitution
$226.54M
251
2017-06-05
Smart Beta
Equity
8,900,000
Toronto Stock Exchange
FLUS
35376P106
Quarterly
RRSP, RRIF, RESP, TFSA, DPSP, RDSP
Low to Medium
Russell 1000 Index - NR
LibertyQ U.S. Large Cap Equity Index
Semi-Annual
EXPENSES
Management Fee
Management Expense Ratio
0.25%
0.28% .
MANAGEMENT
Dina Ting, CFA® 4 24
Hailey Harris 2 10
Louis Hsu, CFA® 2 13
Years with Firm Years of Experience
Strategic style factor diversification offers the potential for strong risk-adjusted performanceOur proprietary rules-based approach to U.S. large cap equity, which focuses on fourinvestment-styles, is designed to pursue market upside with reduced downside, and seeks higherrisk-adjusted returns than market cap-weighted indices over the long-term.
Developed and monitored by seasoned and quantitative ETF specialistsFranklin LibertyQT ETF strategies were developed by our team of quantitative experts and aremanaged by portfolio management professionals who have more than a decade of ETF experience.
Benefits of traditional ETF featuresETFs typically offer investors daily transparency of fund holdings, no minimum investmentrequirements and trading throughout the day. The structure of ETFs may also allow for more effectivemanagement of the ETF’s trading costs, portfolio turnover and potential tax liabilities.
REASONS TO INVEST
2017..
TOTAL RETURNS (%)
FLUS NAV -3.08 -1.37 11.59 -3.08 5.73 10.99 8.80Russell 1000 Index - NR* 1.79 0.67 16.41 1.79 11.39 11.77 9.98
2.
2.
YTD 1 MO 3 MO 6 MO 1 YR 3 YR SINCE INC.2017-06-05
Performance data represents past performance, which does not guarantee future results. Current performance maydiffer from figures shown. Investment return and principal value will fluctuate with market conditions, and you may incur again or loss when you sell your units.
Returns are average annualized total returns, except for periods of less than one year, which are cumulative.
*Net Returns (NR) include income net of tax withholding when dividends are paid.
Apple Inc.
Microsoft Corp.
Applied Materials Inc.
Texas Instruments Inc.
Nvidia Corp.
Accenture PLC
AbbVie Inc.
Adobe Inc.
Qualcomm Inc.
Procter & Gamble Co. 1.02%1.04%1.05%1.06%1.06%1.06%1.07%1.07%1.11%1.13%
TOP TEN HOLDINGS
25660Dealer Use Only | Not for Distribution to the Public
Franklin Templeton Investments Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4Tel: 1-800-387-0830libertyshares.ca
--
RISK MEASURES (3 YEAR)
Information TechnologyConsumer StaplesConsumer DiscretionaryHealth CareIndustrialsUtilitiesCommunication ServicesFinancialsReal EstateMaterialsEnergyCash & Cash Equivalents 0.09%
0.09%2.46%3.26%3.45%5.94%5.94%
12.81%13.04%14.11%15.05%23.77%
SECTOR ALLOCATION
FLUS 0.88 12.09
Russell 1000 Index - NR -- 13.36
.
.
Name P/B Ratio P/E Ratio(Trailing 12 Months)
FLUS 5.34 21.72
Russell 1000 Index - NR 3.48 22.78
2020-06-30
2020-06-30
PORTFOLIO STATISTICS
United StatesCash & Cash Equivalents 0.09%
99.91%
GEOGRAPHIC ALLOCATION
Portfolio holdings are subject to change. Issuers, Holdings, Sector Exposure and Geographic Allocation figures may reflect certain derivatives held in the portfolio (or their underlying reference assets) and maynot total 100% or may be negative due to rounding, use of any derivatives, unsettled trades or other factors.
IMPORTANT INFORMATION
Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expensesbefore investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing.ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns.
Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. The indicated rates of return are the historical annual compoundedtotal returns including changes in share or unit value and reinvestment of all dividends or distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payableby any security holder that would have reduced returns. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
Source: FTSE Russell. The LibertyQ U.S. Equity Index is calculated and maintained by FTSE Russell which is designed to reflect the performance of stocks representing a specific set of factorcharacteristics– quality, value, momentum and low volatility. The LibertyQT U.S. Equity Index ETF is not in any way sponsored, endorsed, sold or promoted by Russell or the London StockExchange Group companies (“LSEG”) (together the “Licensor Parties”) and none of the Licensor Parties make any claim, prediction, warranty or representation whatsoever, expressly orimpliedly, either as to (i) the results to be obtained from the use of the Index (upon which the LibertyQT U.S. Equity Index ETF is based), (ii) the figure at which the Index is said to stand at anyparticular time on any particular day or otherwise, or (iii) the suitability of the Index for the purpose to which it is being put in connection with the LibertyQT U.S. Equity Index ETF. None of theLicensor Parties have provided or will provide any financial or investment advice or recommendation in relation to the Index to Franklin Templeton or to its clients. None of the Licensor Partiesshall be (a) liable (whether in negligence or otherwise) to any person for any error in the Index or (b) under any obligation to advise any person of any error therein. Frank Russell Company isthe source of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute....
libertyshares.ca
Beta Standard Deviation
FLUS FFE 06/20
libertyshares.ca 76Dealer Use Only / Not for Distribution to the Public
77 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
CONSISTENT INCOME, STEADY GROWTH.Income plus opportunity inspires con� dence. Rooted in a core value-oriented approach, this fund employs a � exible allocation in pursuit of the best U.S. opportunities.
Find out more atfranklintempleton.ca/franklinincome
* As of June 30, 2020. © 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Franklin U.S. Monthly Income Fund Series F is rated within Morningstar Global Neutral Balanced category. As of June 30, 2020, there were 1585, 1284, 922 and 633 funds over 1, 3, 5 years and since inception, respectively. Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life sub accounts, exchange traded funds, closed end funds, and separate accounts) with at least a three year history. Exchange traded funds and open ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of t he performance fi gures associated with its 3, 5 and 10 year (if applicable) Morningstar Ratings metrics. The weights are 100% 3 year rating for 36−59 months of total returns, 60% 5 year rating 40% 3 year rating for 60−119 months of total returns, and 50% 10 year rating 30% 5 year rating 20% 3 year rating for 120 or more months of total returns. While the 10 year overall star rating formula seems to give the most weight to the 10 year period, the most recent 3 year period actually has the greatest impact because it is included in all three rating periods. Please refer to www.morningstar.ca for more details on the calculation of Morningstar Ratings. The historical annual compound rates of return for Series F units of Franklin U.S. Monthly Income Fund as of June 30, 2020, are: 1 year 0.52% 3 years 3.66% 5 years 5.85% and 8.50% since inception June 28, 2013. The indicated rates of return are historical annual compounded total returns including changes in unit or share value and reinvestment of all distributions and dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund fact document before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.© 2020 Franklin Templeton. All rights reserved.
FRANKLIN U.S. MONTHLY INCOME FUND– Series F
★ ★ ★ ★Overall Morningstar Rated Fund™*
CAEN_FUSMI_TREES_8x10.875_AM_0420.indd 1CAEN_FUSMI_TREES_8x10.875_AM_0420.indd 1 17/04/2020 17:1517/04/2020 17:15
franklintempleton.ca 78Dealer Use Only / Not for Distribution to the Public
CONSISTENT INCOME, STEADY GROWTH.Income plus opportunity inspires con� dence. Rooted in a core value-oriented approach, this fund employs a � exible allocation in pursuit of the best U.S. opportunities.
Find out more atfranklintempleton.ca/franklinincome
* As of June 30, 2020. © 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Franklin U.S. Monthly Income Fund Series F is rated within Morningstar Global Neutral Balanced category. As of June 30, 2020, there were 1585, 1284, 922 and 633 funds over 1, 3, 5 years and since inception, respectively. Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life sub accounts, exchange traded funds, closed end funds, and separate accounts) with at least a three year history. Exchange traded funds and open ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of t he performance fi gures associated with its 3, 5 and 10 year (if applicable) Morningstar Ratings metrics. The weights are 100% 3 year rating for 36−59 months of total returns, 60% 5 year rating 40% 3 year rating for 60−119 months of total returns, and 50% 10 year rating 30% 5 year rating 20% 3 year rating for 120 or more months of total returns. While the 10 year overall star rating formula seems to give the most weight to the 10 year period, the most recent 3 year period actually has the greatest impact because it is included in all three rating periods. Please refer to www.morningstar.ca for more details on the calculation of Morningstar Ratings. The historical annual compound rates of return for Series F units of Franklin U.S. Monthly Income Fund as of June 30, 2020, are: 1 year 0.52% 3 years 3.66% 5 years 5.85% and 8.50% since inception June 28, 2013. The indicated rates of return are historical annual compounded total returns including changes in unit or share value and reinvestment of all distributions and dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund fact document before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.© 2020 Franklin Templeton. All rights reserved.
FRANKLIN U.S. MONTHLY INCOME FUND– Series F
★ ★ ★ ★Overall Morningstar Rated Fund™*
CAEN_FUSMI_TREES_8x10.875_AM_0420.indd 1CAEN_FUSMI_TREES_8x10.875_AM_0420.indd 1 17/04/2020 17:1517/04/2020 17:15
FT Balanced Growth Private Wealth Pool
Private Wealth PoolsFiduciary Trust Canada June 30, 2020
Fund Overview
Total Net Assets $33,753,005
Inception Date Series PF: 06/01/2017
Number of Holdings 132
Morningstar Category TM Canadian EquityBalanced
Benchmark Custom FT BalancedGrowth Private Wealth
Benchmark1
Investment Objective & StrategyThe fund aims to balance current income and long-term capitalappreciation by investing in a diversified mix of equity andincome securities, with a bias towards capital appreciation.
Fund Management
Ian M. Riach 34 Years, Toronto, Canada
Scott Guitard 12 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 61.85
Fixed Income 36.05
Cash & Cash Equivalents 2.10
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series O TML3962Series PF TML3976Series PF ADM TML5085
1 Custom FT Balanced Growth Private Wealth Benchmark is a blended index composedof the FTSE Canada Universe Bond Index (38%), S&P/TSX Composite Index (20%),S&P 500 Index (20%), MSCI EAFE Index (20%), and FTSE Canada 91 Day TBill Index(2%).
2 The Fund distributes any income and realized net capital gains annually in Decemberand may make distributions at other times during the year.
REASONS TO INVEST IN THIS FUND:• Access to Fiduciary Trust Canada’s proven expertise in managing wealth for affluent families and foundations.• Preferred Pricing – competitive fees that continue to reduce as the investment grows.• Active Management – portfolios are consistently monitored and adjusted to achieve the optimal blend of asset classes,
investment styles, geographic regions and market capitalizations.• A focus on risk management and risk adjusted returns.• Timely market commentary from our investment team, which includes insights on the current state of global markets.
PerformanceCalendar Year Returns in Canadian Dollars (%)
-3.9
12.7
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series PF
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series PF -0.39 1.15 9.50 -0.39 4.08 3.88 n/a n/a 2.66^ Series inception date
Fund FactsPrice per Unit (Series PF) $10.22
Portfolio Turnover Rate(12/31/2019)
41.01%
MER (12/31/2019 incl. HST) PF: 0.96%
Management Fee PF: 0.70%
Distributions Income and realizednet capital gains
paid annually2
Composition of FundGeographic Weightings (% of Total)
Canada 47.21United States 24.10Japan 5.60Switzerland 2.97United Kingdom 2.85Australia 1.93France 1.64China 1.13Netherlands 1.01Others 11.56
Top Sector Weightings (% Equity)Financials 17.27Information Technology 14.79Industrials 11.07Health Care 10.65Communication Services 9.53Consumer Discretionary 9.11Consumer Staples 8.82Energy 5.78Materials 5.43Utilities 4.39Real Estate 3.15
3976 FFE 0620
79 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
FT Balanced Income Private Wealth Pool
Private Wealth PoolsFiduciary Trust Canada June 30, 2020
Fund Overview
Total Net Assets $6,608,329
Inception Date Series PF: 06/01/2017
Number of Holdings 131
Morningstar Category TM Canadian Fixed IncomeBalanced
Benchmark Custom FT BalancedIncome Private Wealth
Benchmark1
Investment Objective & StrategyThe fund aims to balance current income and long-term capitalappreciation by investing in a diversified mix of equity andincome securities, with a bias towards income.
Fund Management
Ian M. Riach 34 Years, Toronto, Canada
Scott Guitard 12 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Fixed Income 58.33
Equity 41.69
Cash & Cash Equivalents -0.01
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series O TML3961Series PF TML3975Series PF ADM TML5086
1 Custom FT Balanced Income Private Wealth Benchmark is a blended index composedof the FTSE Canada Universe Bond Index (58%), S&P/TSX Composite Index (13%),S&P 500 Index (13%), MSCI EAFE Index (14%), and FTSE Canada 91 Day TBill Index(2%).
2 The Fund distributes any income and realized net capital gains annually in Decemberand may make distributions at other times during the year.
REASONS TO INVEST IN THIS FUND:• Access to Fiduciary Trust Canada’s proven expertise in managing wealth for affluent families and foundations.• Preferred Pricing – competitive fees that continue to reduce as the investment grows.• Active Management – portfolios are consistently monitored and adjusted to achieve the optimal blend of asset classes,
investment styles, geographic regions and market capitalizations.• A focus on risk management and risk adjusted returns.• Timely market commentary from our investment team, which includes insights on the current state of global markets.
PerformanceCalendar Year Returns in Canadian Dollars (%)
-2.3
10.1
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series PF
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series PF 1.52 1.28 8.27 1.52 4.45 3.77 n/a n/a 2.51^ Series inception date
Fund FactsPrice per Unit (Series PF) $10.10
Portfolio Turnover Rate(12/31/2019)
47.84%
MER (12/31/2019 incl. HST) PF: 0.93%
Management Fee PF: 0.65%
Distributions Income and realizednet capital gains
paid annually2
Composition of FundGeographic Weightings (% of Total)
Canada 61.75United States 18.25Japan 4.49Australia 2.34Switzerland 2.32United Kingdom 2.24France 1.34Netherlands 0.83Germany 0.73Others 5.71
Top Sector Weightings (% Equity)Financials 17.04Information Technology 13.88Industrials 12.46Health Care 11.43Consumer Staples 8.83Consumer Discretionary 8.65Communication Services 8.56Materials 5.64Energy 5.51Utilities 4.67Real Estate 3.34
3975 FFE 0620
franklintempleton.ca 80Dealer Use Only / Not for Distribution to the Public
FT Growth Private Wealth Pool
Private Wealth PoolsFiduciary Trust Canada June 30, 2020
Fund Overview
Total Net Assets $5,025,292
Inception Date Series PF: 06/01/2017
Number of Holdings 132
Morningstar Category TM Canadian EquityBalanced
Benchmark Custom FT GrowthPrivate Wealth
Benchmark1
Investment Objective & StrategyThe fund aims to achieve long-term capital appreciation byinvesting primarily in a diversified mix of equity securities, withadditional stability derived from investing in income securities.
Fund Management
Ian M. Riach 34 Years, Toronto, Canada
Scott Guitard 12 Years, Calgary, AB Canada
Risk Classification
Low Low toMedium
Medium Mediumto High
High
Asset Allocation (%)Equity 81.18
Fixed Income 16.97
Cash & Cash Equivalents 1.85
Fund CodesFund Corp Class
CDN$ US$ CDN$ US$Series O TML3963Series PF TML3977Series PF ADM TML5087
1 Custom FT Growth Private Wealth Benchmark is a blended index composed of theMSCI EAFE Index (30%), S&P/TSX Composite Index (25%), S&P 500 Index (25%),FTSE Canada Universe Bond Index (18%), and FTSE Canada 91 Day TBill Index (2%).
2 The Fund distributes any income and realized net capital gains annually in Decemberand may make distributions at other times during the year.
REASONS TO INVEST IN THIS FUND:• Access to Fiduciary Trust Canada’s proven expertise in managing wealth for affluent families and foundations.• Preferred Pricing – competitive fees that continue to reduce as the investment grows.• Active Management – portfolios are consistently monitored and adjusted to achieve the optimal blend of asset classes,
investment styles, geographic regions and market capitalizations.• A focus on risk management and risk adjusted returns.• Timely market commentary from our investment team, which includes insights on the current state of global markets.
PerformanceCalendar Year Returns in Canadian Dollars (%)
-5.8
15.6
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Series PF
Compounded Returns in Canadian Dollars (%)
YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^
Series PF -2.14 1.34 10.85 -2.14 3.81 3.96 n/a n/a 2.59^ Series inception date
Fund FactsPrice per Unit (Series PF) $10.24
Portfolio Turnover Rate(12/31/2019)
43.48%
MER (12/31/2019 incl. HST) PF: 0.97%
Management Fee PF: 0.75%
Distributions Income and realizednet capital gains
paid annually2
Composition of FundGeographic Weightings (% of Total)
Canada 35.44United States 28.69Japan 7.19United Kingdom 3.93Switzerland 3.83France 2.19China 2.13Australia 2.07South Korea 1.41Others 13.14
Top Sector Weightings (% Equity)Financials 17.38Information Technology 15.13Industrials 10.88Health Care 10.55Consumer Discretionary 9.72Communication Services 9.52Consumer Staples 9.01Energy 5.22Materials 5.01Utilities 4.32Real Estate 3.27
3977 FFE 0620
81 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
*As of June 30, 2020. © 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2)may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for anydamages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Itis calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Ratings metrics. Theweights are 100% 3-year rating for 36−59 months of total returns, 60%5-year rating/40% 3-year rating for 60−119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight tothe 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. Templeton Emerging MarketsFund is rated within the Morningstar Emerging Markets Equity category. All performance data refers to Series F units. Please refer to www.morningstar.ca for more details on the calculation of Morningstar Risk-Adjusted Ratings. For each of the 1-, 3-, 5- and 10-year performance periods, there were in total 290, 231, 146 and 70 funds, respectively, in the Morningstar Emerging Markets Equity category. The historical annual compound rates of return for Series F units of Templeton Emerging Markets as of June 30, 2020, are: 1 year 3.69%; 3 years 5.40%; 5 years 7.96%; 10 years 5.69%, and 6.89% since inception (November 24, 2000). Theindicated rates of return are historical annual compounded total returns including changes in unit or share value and reinvestment of all distributions and dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reducedreturns. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus orfund fact document before investing. Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As a consequence, the management fee on Series F is lower than on Series A. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. © 2020 Franklin Templeton. All rights reserved.
EMERGING MARKETS: FROM NICHE TO NECESSITYToday’s emerging markets barely resemble their early days, when they were known for commodities, low-cost manufacturing and…not much else. Today, increased transparency, free-market policies, and innovation are spurring change in some of the world’s fastest-growing economies. And we’re on the ground in this changing world.
Learn how our emerging markets expertise is uncovering opportunities for your clients. franklintempleton.ca/emergingmarkets
TEMPLETON EMERGING MARKETS FUND– Series F
Morningstar Rated Fund*
CA_EM_RETAIL_8x10.875_AM_0220.indd 1CA_EM_RETAIL_8x10.875_AM_0220.indd 1 20/02/2020 16:1920/02/2020 16:19
★★★★
franklintempleton.ca 82Dealer Use Only / Not for Distribution to the Public
*As of June 30, 2020. © 2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2)may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for anydamages or losses arising from any use of this information. Past performance is no guarantee of future results. Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Itis calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Ratings metrics. Theweights are 100% 3-year rating for 36−59 months of total returns, 60%5-year rating/40% 3-year rating for 60−119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight tothe 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. Templeton Emerging MarketsFund is rated within the Morningstar Emerging Markets Equity category. All performance data refers to Series F units. Please refer to www.morningstar.ca for more details on the calculation of Morningstar Risk-Adjusted Ratings. For each of the 1-, 3-, 5- and 10-year performance periods, there were in total 290, 231, 146 and 70 funds, respectively, in the Morningstar Emerging Markets Equity category. The historical annual compound rates of return for Series F units of Templeton Emerging Markets as of June 30, 2020, are: 1 year 3.69%; 3 years 5.40%; 5 years 7.96%; 10 years 5.69%, and 6.89% since inception (November 24, 2000). Theindicated rates of return are historical annual compounded total returns including changes in unit or share value and reinvestment of all distributions and dividends and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reducedreturns. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus orfund fact document before investing. Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As a consequence, the management fee on Series F is lower than on Series A. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. © 2020 Franklin Templeton. All rights reserved.
EMERGING MARKETS: FROM NICHE TO NECESSITYToday’s emerging markets barely resemble their early days, when they were known for commodities, low-cost manufacturing and…not much else. Today, increased transparency, free-market policies, and innovation are spurring change in some of the world’s fastest-growing economies. And we’re on the ground in this changing world.
Learn how our emerging markets expertise is uncovering opportunities for your clients. franklintempleton.ca/emergingmarkets
TEMPLETON EMERGING MARKETS FUND– Series F
Morningstar Rated Fund*
CA_EM_RETAIL_8x10.875_AM_0220.indd 1CA_EM_RETAIL_8x10.875_AM_0220.indd 1 20/02/2020 16:1920/02/2020 16:19
★★★★
Franklin K2 Alternatives FundAlternative
K2 Advisors June 30, 2020
31.11%
30.77%
58.24%
-20.12%
12.97%
13.44%
1.09%
-9.17%
Risk Premia
Hedge Fund Replication
Equity Premium Alpha
Other
Performance (%)
Contribution to Risk
Fund OverviewTotal Net Assets $29,682,593Inception Date Series A: 03/11/2019
Series F: 03/11/2019Series O: 03/11/2019
Number of Securities (ex cash) 13Morningstar CategoryTM Alternative Multi-StrategyBenchmark FTSE Canada 91 Day
TBill Index
Investment Objective & Strategy:The Fund seeks capital appreciation with lower volatility relative to the broad equity markets by using a multi-strategy approach consisting of three alternative investment strategies. The Fund uses a number oftechniques to preserve capital and mitigate risk, including selling short equity securities, and using derivatives for hedging purposes and to gain exposure to additional investments.
Fund ManagementBrooks Ritchey 36 years│Stamford, ConnecticutGordon R. Nicholson 25 years│Stamford, ConnecticutRobert Christian 30 years│Stamford, Connecticut
Fund FactsPrice Per Unit Series A: $9.27
Series F: $9.41Management & Administration Fee Series A: 1.90%
Series F: 0.90%
Risk Classification1
Low Low to Medium Medium Medium to
High High
*Returns data represents cumulative total returns.‡ Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As a consequence, the management fee on Series F is lower than on Series A.Strategy Allocation (% of Total)
REASONS TO INVEST IN THIS FUND:• One-Stop Diversification—Exposure to three distinct K2-managed alternatives' strategies
with low correlations to traditional equity, fixed income investments and each other.• Active, Expert Management—Franklin K2 Alternatives Fund is sub-advised by Franklin K2
Advisors, a global team with more than 25 years experience in alternative investing.• Accessible, Attractively Priced—A low-fee alternative mutual fund that combines the
familiarity and ease-of-use of a mutual fund.
55.84%
22.44%
21.72%
Risk Premia
Hedge FundReplication
Equity PremiumAlpha
Compounded Annualized Returns(CAD) YTD* 1 Mth* 3 Mths* 6 Mths* 1 Year
Since Inception
(03/11/2019)Series A -7.48 -0.44 -0.77 -7.48 -6.83 -5.86Series F‡ -6.94 -0.29 -0.49 -6.94 -5.76 -4.78
Fund Codes CAD$Series A Front 5733Series A DSC 5735Series A Low Load 5734Series F 5736Series F ADM† 5737Series O 5738
Strategy % of Investment CapitalRisk Premia 55.84Hedge Fund Replication 22.44Equity Premium Alpha 21.72
Strategy% of Risk
AllocationNet Exposure (% of Total)
Risk Premia 31.11 12.97Hedge Fund Replication 30.77 13.44Equity Premium Alpha 58.24 1.09Other -20.12 -9.17
10.43%
69.47%
27.85%
24.60%
10.43%
3.55%
4.30%
0.03%
Fixed Income
Equity
Currency
Commodities
Asset Class ExposureAsset Class Gross (%) Net (%)Fixed Income 10.43 10.43Equity 69.47 3.55Currency 27.85 4.30Commodities 24.60 0.03
92.21%
31.56%
8.50%
0.09%
10.71%
4.08%
3.53%
0.00%
North America
Europe
Asia Pacific
Global and EmergingMarkets
Regional ExposureAsset Class Gross (%) Net (%)North America 92.21 10.71Europe 31.56 4.08Asia Pacific 8.50 3.53Global and Emerging Markets
0.09 0.00
83 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
FUNDS AT A GLANCE
Find a Fund. Use the Find a Fund tool and choose from a wide choice of investment solutions diversified by fund type, investment style, investment objective, class and sales option. Find a Fund also includes fund codes, prices, performance and distribution. Visit franklintempleton.ca to access the Find a Fund tool.
FUND CODESThe company code for Franklin Templeton on FundServ is TML.
SERIES A SERIES PA SERIES F
CDN$ US$ CDN$ US$ CDN$
FRANKLIN BISSETT FUNDS FRONT LOW LOAD DSC FRONT LOW LOAD DSC FRONT LOW LOAD DSC FRONT LOW LOAD DSC (NO LOAD) (NL ADM)*
Franklin Bissett Canada Plus Equity Fund 3964 3965 3966 — — — — — — — — — 3967 3986
Franklin Bissett Canadian Balanced Fund 222 597 322 — — — 5256 5257 5258 — — — 252 3987
Franklin Bissett Canadian Balanced Corporate Class 2056 2057 2058 — — — 5250 5251 5252 — — — 2059 5133
Franklin Bissett Canadian Bond Fund 3978 3979 3980 — — — — — — — — — 3981 3988
Franklin Bissett Canadian Dividend Fund1 1017 1019 1018 — — — 5268 5269 5270 — — — 1020 3989
Franklin Bissett Canadian Dividend Corporate Class1 3476 3477 3478 — — — 5262 5263 5264 — — — 3479 5154
Franklin Bissett Canadian Equity Fund 202 518 302 — — — 5277 5278 5279 — — — 232 3990
Franklin Bissett Canadian Equity Corporate Class 930 779 931 — — — 5271 5272 5273 — — — 932 5134
Franklin Bissett Canadian Government Bond Fund — — — — — — — — — — — — 3946 3991
Franklin Bissett Core Plus Bond Fund 200 515 300 — — — — — — — — — 230 3993
Franklin Bissett Corporate Bond Fund 2061 2062 2063 — — — — — — — — — 2064 3994
Franklin Bissett Dividend Income Fund 203 519 303 — — — 5295 5296 5297 — — — 233 3995
Franklin Bissett Dividend Income Corporate Class 3559 3560 3561 — — — 5289 5290 5291 — — — 3562 5157
Franklin Bissett Money Market Fund 204 521 304 — — — 5310 5311 5312 — — — 236 3997
Franklin Bissett Money Market Corporate Class2 935 782 936 — — — 5307 5308 5309 — — — 937 5139
Franklin Bissett Monthly Income and Growth Fund 3786 3787 3788 — — — — — — — — — 3789 3998
Franklin Bissett Short Duration Bond Fund 1012 1014 1013 — — — — — — — — — 1015 3992
Franklin Bissett Small Cap Fund 223 598 323 — — — 5322 5323 5324 — — — 253 3999
FRANKLIN FUNDS
Franklin Global Aggregate Bond Fund 5901 5903 5902 — — — — — — — — — 5904 5905
Franklin Global Growth Fund 3501 3502 3503 3511 3512 3513 5334 5335 5336 5337 5338 5339 3504 5000
Franklin Global Growth Corporate Class 955 790 956 957 791 958 5325 5326 5327 5328 5329 5330 959 5141
Franklin High Income Fund3 186 190 188 187 191 189 5349 5350 5351 5352 5353 5354 228 —
Franklin Strategic Income Fund3 387 391 389 388 393 390 5496 5497 5498 5499 5500 5697 229 5011
Franklin U.S. Monthly Income Fund 3640 3641 3642 3651 3652 3653 5517 5518 5519 5520 5521 5522 3643 5014
Franklin U.S. Monthly Income Fund – Hedged Series — — — — — — 5818 5819 5820 — — — — —
Franklin U.S. Monthly Income Corporate Class 3662 3663 3664 3673 3674 3675 5505 5506 5507 5508 5509 5510 3665 5159
Franklin U.S. Monthly Income Hedged Corporate Class 3684 3685 3686 — — — 5529 5530 5531 — — — 3687 5160
Franklin U.S. Opportunities Fund 214 573 314 814 574 914 5541 5542 5543 5544 5545 5546 244 5015
Franklin U.S. Opportunities Corporate Class 985 807 986 987 808 988 5535 5536 5537 5538 5539 5540 989 5138
Franklin U.S. Rising Dividends Fund 201 516 301 801 517 901 5556 5557 5558 5559 5560 5561 231 5016
Franklin U.S. Rising Dividends Fund – Hedged Series 5829 5830 5831 — — — 5835 5836 5837 — — — 5832 5833
Franklin U.S. Rising Dividends Corporate Class 2046 2047 2048 2051 2052 2053 5547 5548 5549 5550 5551 5552 2049 5140
Franklin U.S. Rising Dividends Hedged Corporate Class 3608 3609 3610 — — — 5565 5567 5568 — — — 3611 5158
FRANKLIN MUTUAL SERIES FUNDS
Franklin Mutual Global Discovery Fund 180 184 182 181 185 183 5373 5374 5375 5376 5377 5378 225 5004
Franklin Mutual Global Discovery Corporate Class 370 374 372 371 375 373 5361 5362 5363 5364 5365 5366 376 5143
franklintempleton.ca 84Dealer Use Only / Not for Distribution to the Public
FUNDS AT A GLANCE
FUND CODES, CONT.The company code for Franklin Templeton on FundServ is TML.
SERIES F SERIES PF SERIES I† SERIES O‡ SERIES OT‡ SERIES T
US$ CDN$ US$ CDN$ US$ CDN$ US$ CDN$ CDN$
FRANKLIN BISSETT FUNDS (NO LOAD) (NL ADM)* (NO LOAD) (NL ADM)* (NO LOAD) (NL ADM)* FRONT FRONT (NO LOAD) (NO LOAD) (NO LOAD) FRONT LOW LOAD DSC
Franklin Bissett Canada Plus Equity Fund — — — — — — — — 3969 — — — — —
Franklin Bissett Canadian Balanced Fund — — 3884 5055 — — 272 — 130 — — 298 596 299
Franklin Bissett Canadian Balanced Corporate Class — — 3751 5179 — — 3750 — 2060 — — 3167 3168 3169
Franklin Bissett Canadian Bond Fund — — — — — — — — 3385 — — — — —
Franklin Bissett Canadian Dividend Fund1 — — 3886 5057 — — 3870 — 1021 — — — — —
Franklin Bissett Canadian Dividend Corporate Class1 — — 3809 5193 — — 3480 — 3481 — 3482 3484 3485 3486
Franklin Bissett Canadian Equity Fund — — 3888 5058 — — 282 — 112 — — — — —
Franklin Bissett Canadian Equity Corporate Class — — 3744 5180 — — 3695 — 934 — 3696 3697 3698 3699
Franklin Bissett Canadian Government Bond Fund — — — — — — — — 3948 — — — — —
Franklin Bissett Core Plus Bond Fund — — — — — — 280 — 110 — — — — —
Franklin Bissett Corporate Bond Fund — — — — — — 3384 — 2065 — — — — —
Franklin Bissett Dividend Income Fund — — 3890 5063 — — 283 — 113 — 3950 294 520 295
Franklin Bissett Dividend Income Corporate Class — — 3735 5194 — — 3563 — 3564 — — 3565 3566 3567
Franklin Bissett Money Market Fund — — 3893 5065 — — 279 — 117 — — — — —
Franklin Bissett Money Market Corporate Class2 — — — — — — 938 — 939 — — — — —
Franklin Bissett Monthly Income and Growth Fund — — — — — — 3790 — 3792 — — 3822 3823 3824
Franklin Bissett Short Duration Bond Fund — — — — — — — — 1016 — — — — —
Franklin Bissett Small Cap Fund — — 3812 5067 — — — — 116 — — — — —
FRANKLIN FUNDS
Franklin Global Aggregate Bond Fund — — — — — — — — 5918 — — — — —
Franklin Global Growth Fund 3514 5025 3912 5068 3913 5096 — — 3126 3293 — 3505 3506 3507
Franklin Global Growth Corporate Class 960 5164 — — — — — — 963 964 — 3508 3509 3510
Franklin High Income Fund3 262 — 3810 — 3811 — 3380 3381 172 149 — — — —
Franklin Strategic Income Fund3 263 5035 3805 5079 3806 5106 3382 3383 173 174 — — — —
Franklin U.S. Monthly Income Fund 3654 5037 3904 5082 3905 5108 3644 3655 3645 3656 3646 3648 3649 3650
Franklin U.S. Monthly Income Fund – Hedged Series — — 5821 5822 — — — — 5816 — 5817 — — —
Franklin U.S. Monthly Income Corporate Class 3676 5178 3782 5195 3783 5208 3666 3677 3667 3678 3668 3670 3671 3672
Franklin U.S. Monthly Income Hedged Corporate Class — — 3821 5196 — — 3688 — 3689 — 3690 3692 3693 3694
Franklin U.S. Opportunities Fund 834 5038 3907 5083 3908 5109 — — 124 133 — — — —
Franklin U.S. Opportunities Corporate Class 990 5162 — — — — — — 993 994 — — — —
Franklin U.S. Rising Dividends Fund 841 5039 3909 5084 3910 5110 — — 111 141 — 3056 3057 3058
Franklin U.S. Rising Dividends Fund – Hedged Series — — 3953 5131 — — — — 5834 — — 5841 5842 5843
Franklin U.S. Rising Dividends Corporate Class 2054 5163 3742 5183 3743 5198 3740 3741 2050 2055 — 3155 3156 3157
Franklin U.S. Rising Dividends Hedged Corporate Class — — — — — — — — 3612 — — 3613 3614 3615
FRANKLIN MUTUAL SERIES FUNDS
Franklin Mutual Global Discovery Fund 261 5028 3895 5072 3896 5099 3255 3363 106 145 — 3059 3060 3061
Franklin Mutual Global Discovery Corporate Class 377 5166 3736 5184 3737 5199 3259 3362 119 147 — 3161 3162 3163
85 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
FUNDS AT A GLANCE
FUND CODES, CONT.The company code for Franklin Templeton on FundServ is TML.
SERIES T SERIES PT SERIES FT SERIES PFT SERIES V†
US$ CDN$ US$ CDN$ CDN$ CDN$
FRANKLIN BISSETT FUNDS FRONT LOW LOAD DSC FRONT LOW LOAD DSC FRONT LOW LOAD DSC (NO LOAD) (NL ADM)* (NO LOAD) (NL ADM)* FRONT
Franklin Bissett Canada Plus Equity Fund — — — — — — — — — — — — — —
Franklin Bissett Canadian Balanced Fund — — — 5259 5260 5261 — — — — — 3885 5118 —
Franklin Bissett Canadian Balanced Corporate Class — — — 5253 5254 5255 — — — — — — — —
Franklin Bissett Canadian Bond Fund — — — — — — — — — — — — — —
Franklin Bissett Canadian Dividend Fund1 — — — — — — — — — — — — — —
Franklin Bissett Canadian Dividend Corporate Class1 — — — 5265 5266 5267 — — — 3483 5214 — — —
Franklin Bissett Canadian Equity Fund — — — — — — — — — — — — — —
Franklin Bissett Canadian Equity Corporate Class — — — 5274 5275 5276 — — — — — — — —
Franklin Bissett Canadian Government Bond Fund — — — — — — — — — — — — — —
Franklin Bissett Core Plus Bond Fund — — — — — — — — — — — — — —
Franklin Bissett Corporate Bond Fund — — — — — — — — — — — — — —
Franklin Bissett Dividend Income Fund — — — 5298 5299 5300 — — — — — 3891 5119 —
Franklin Bissett Dividend Income Corporate Class — — — 5292 5293 5294 — — — — — — — —
Franklin Bissett Money Market Fund — — — — — — — — — — — — — —
Franklin Bissett Money Market Corporate Class2 — — — — — — — — — — — — — —
Franklin Bissett Monthly Income and Growth Fund — — — — — — — — — 3894 5120 — — —
Franklin Bissett Short Duration Bond Fund — — — — — — — — — — — — — —
Franklin Bissett Small Cap Fund — — — — — — — — — — — — — —
FRANKLIN FUNDS
Franklin Global Aggregate Bond Fund — — — — — — — — — — — — — —
Franklin Global Growth Fund — — — 5340 5341 5342 — — — — — — — —
Franklin Global Growth Corporate Class — — — 5331 5332 5333 — — — — — — — —
Franklin High Income Fund3 — — — — — — — — — — — — — —
Franklin Strategic Income Fund3 — — — — — — — — — — — — — —
Franklin U.S. Monthly Income Fund 3659 3660 3661 5523 5524 5525 5526 5527 5528 3647 5050 3906 5127 —
Franklin U.S. Monthly Income Fund – Hedged Series — — — — — — — — — — — — — —
Franklin U.S. Monthly Income Corporate Class 3681 3682 3683 5511 5512 5513 5514 5515 5516 3669 5215 — — —
Franklin U.S. Monthly Income Hedged Corporate Class — — — 5532 5533 5534 — — — 3691 5216 — — —
Franklin U.S. Opportunities Fund — — — — — — — — — — — — — —
Franklin U.S. Opportunities Corporate Class — — — — — — — — — — — — — —
Franklin U.S. Rising Dividends Fund — — — 5562 5563 5564 — — — — — 3911 5128 —
Franklin U.S. Rising Dividends Fund – Hedged Series — — — 5838 5839 5840 — — — — — — — —
Franklin U.S. Rising Dividends Corporate Class — — — 5553 5554 5555 — — — — — — — —
Franklin U.S. Rising Dividends Hedged Corporate Class — — — 5569 5570 5571 — — — — — — — —
FRANKLIN MUTUAL SERIES FUNDS
Franklin Mutual Global Discovery Fund 3256 3257 3258 5379 5380 5381 5382 5383 5384 — — 3897 5121 —
Franklin Mutual Global Discovery Corporate Class 3260 3261 3262 5367 5368 5369 5370 5371 5372 — — — — —
Front, Low Load, and DSC Commission Fees for Series A or Series T is 0–6%, 2.5%, and 5% respectively for all Funds listed.* “ADM” refers to the Investment Advisory Services Fee purchase option for series F, FT, PF, PF (Hedged) and PFT. Please see the simplified prospectus for further details. § Please refer to the Fund’s page for additional information on mergers. † All Series I and V closed to new investors as of November 22, 2016. ‡ Series O and OT have a sliding scale of Management and Administration Fees (paid to Franklin Templeton), which delivers reduced fees as invested assets increase. To qualify to purchase or hold Series O and OT units an investor must meet minimum investment requirements as set out in the fund’s current prospectus. 1 On April 22, 2016, Franklin Bissett Canadian High Dividend Fund merged into Franklin Bissett Canadian Dividend Fund. Accordingly, past performance data for the period prior to April 25, 2016 would not be comparative. 2 Reopened to new investment as of March 26, 2013. 3 As of February 1, 2017, all U.S.‐dollar denominated series of this fund are closed to new investors.
franklintempleton.ca 86Dealer Use Only / Not for Distribution to the Public
FUNDS AT A GLANCE
Find a Fund. Use the Find a Fund tool and choose from a wide choice of investment solutions diversified by fund type, investment style, investment objective, class and sales option. Find a Fund also includes fund codes, prices, performance and distribution. Visit franklintempleton.ca to access the Find a Fund tool.
SERIES A SERIES PA SERIES F
CDN$ US$ CDN$ US$ CDN$
FRANKLIN TEMPLETON MULTI-ASSET SOLUTIONS FRONT LOW LOAD DSC FRONT LOW LOAD DSC FRONT LOW LOAD DSC FRONT LOW LOAD DSC (NO LOAD) (NL ADM)*
Franklin Conservative Income ETF Portfolio 5703 5704 5705 — — — — — — — — — 5706 5707
Franklin Core ETF Portfolio 5713 5714 5715 — — — — — — — — — 5716 5717
Franklin Growth ETF Portfolio 5723 5724 5725 — — — — — — — — — 5726 5727
Franklin Quotential Diversified Income Portfolio4 3250 3251 3252 3861 3862 3863 5457 5458 5459 5460 5461 5462 3253 5008
Franklin Quotential Diversified Income Corporate Class Portfolio4 1022 1023 1024 3515 3516 3517 5445 5446 5447 5448 5449 5450 1025 5146
Franklin Quotential Balanced Income Portfolio4 656 640 657 3700 3701 3702 5412 5413 5414 5415 5416 5417 670 5006
Franklin Quotential Balanced Income Corporate Class Portfolio4 1028 1029 1030 3706 3707 3708 5403 5404 5405 5406 5407 5408 1031 5145
Franklin Quotential Balanced Growth Portfolio4 658 642 659 3852 3853 3854 5394 5395 5396 5397 5398 5399 671 5005
Franklin Quotential Balanced Growth Corporate Class Portfolio4 1034 1035 1036 3842 3843 3844 5385 5386 5387 5388 5389 5390 1037 5144
Franklin Quotential Growth Portfolio4 660 645 661 662 644 663 5481 5482 5483 5484 5485 5486 672 5010
Franklin Quotential Growth Corporate Class Portfolio4 1040 1041 1042 1046 1047 1048 5472 5473 5474 5475 5476 5477 1043 5148
Franklin Quotential Diversified Equity Portfolio4 255 821 823 324 822 824 5433 5434 5435 5436 5437 5438 844 5007
Franklin Quotential Diversified Equity Corporate Class Portfolio4 1052 1053 1054 1058 1059 1060 5421 5422 5423 5424 5425 5426 1055 5147
TEMPLETON FUNDS
Templeton EAFE Developed Markets Fund 224 599 307 805 606 905 5578 5579 5580 5581 5582 5583 237 5017
Templeton Emerging Markets Fund 730 812 731 809 739 909 5590 5591 5592 5593 5594 5595 741 5018
Templeton Emerging Markets Corporate Class 340 610 341 342 613 343 5584 5585 5586 5587 5588 5589 344 5149
Templeton Global Balanced Fund 3240 3241 3242 3245 3246 3247 5596 5597 5598 5599 5600 5601 2039 5019
Templeton Global Bond Fund 704 674 734 803 684 903 5608 5609 5610 5611 5612 5613 257 5020
Templeton Global Bond Fund (Hedged) 3712 3713 3714 — — — 5614 5615 5616 — — — 3715 5021
Templeton Global Smaller Companies Fund 707 694 737 806 695 906 5623 5624 5625 5626 5627 5628 747 5022
Templeton Global Smaller Companies Corporate Class 330 608 331 332 609 333 5617 5618 5619 5620 5621 5622 334 5150
Templeton Growth Fund, Ltd. 700 648 732 702 649 102 5635 5636 5637 5638 5639 5640 740 5023
Templeton Growth Fund, Ltd. – Hedged Series 3623 3624 3625 — — — 5641 5642 5643 — — — — —
Templeton Growth Corporate Class 350 614 352 351 615 353 5629 5630 5631 5632 5633 5634 354 5151
Templeton International Stock Fund 735 742 705 804 744 904 5653 5654 5655 5656 5657 5658 745 5024
Templeton International Stock Corporate Class 360 616 361 362 617 363 5644 5645 5646 5647 5648 5649 364 5152
FRANKLIN ACTIVEQUANT FUNDS
Franklin ActiveQuant Canadian Fund 1096 1097 1098 — — — 5235 5236 5237 — — — 1099 3984
Franklin ActiveQuant Canadian Corporate Class 2021 2022 2023 — — — 5232 5233 5234 — — — 2024 5132
Franklin ActiveQuant U.S. Fund 3970 3971 3972 5777 5778 5779 5244 5245 5246 5782 5783 5784 3973 3985
Franklin ActiveQuant U.S. Corporate Class 3230 3231 3232 3235 3236 3237 5238 5239 5240 5241 5242 5243 3233 5137
FIDUCIARY TRUST CANADA PRIVATE WEALTH POOLS
FT Balanced Growth Private Wealth Pool — — — — — — — — — — — — — —
FT Balanced Income Private Wealth Pool — — — — — — — — — — — — — —
FT Growth Private Wealth Pool — — — — — — — — — — — — — —
ALTERNATIVE STRATEGIES
Franklin K2 Alternatives Fund 5733 5734 5735 — — — — — — — — — 5736 5737
Franklin K2 Multi-Strategy Alternatives Fund5 — — — — — — — — — — — — 3924 5002
FUND CODES, CONT.The company code for Franklin Templeton on FundServ is TML.
87 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
FUNDS AT A GLANCE
FUND CODES, CONT.The company code for Franklin Templeton on FundServ is TML.
SERIES F SERIES PF SERIES I† SERIES O‡ SERIES OT‡ SERIES T
US$ CDN$ US$ CDN$ US$ CDN$ US$ CDN$ CDN$
FRANKLIN TEMPLETON MULTI-ASSET SOLUTIONS (NO LOAD) (NL ADM)* (NO LOAD) (NL ADM)* (NO LOAD) (NL ADM)* FRONT FRONT (NO LOAD) (NO LOAD) (NO LOAD) FRONT LOW LOAD DSC
Franklin Conservative Income ETF Portfolio — — — — — — — — — — — 5708 5709 5710
Franklin Core ETF Portfolio — — — — — — — — — — — 5718 5719 5720
Franklin Growth ETF Portfolio — — — — — — — — — — — 5728 5729 5730
Franklin Quotential Diversified Income Portfolio4 3864 5032 3877 5076 3878 5103 267 3865 170 3866 3951 384 386 385
Franklin Quotential Diversified Income Corporate Class Portfolio4 3518 5169 3725 5187 3726 5202 1026 3519 1027 3520 3173 3170 3171 3172
Franklin Quotential Balanced Income Portfolio4 3703 5030 3873 5074 3874 5101 677 3704 683 3705 3068 690 641 691
Franklin Quotential Balanced Income Corporate Class Portfolio4 3709 5168 3784 5186 3785 5201 3365 3710 1033 3711 3178 3175 3176 3177
Franklin Quotential Balanced Growth Portfolio4 3855 5029 3871 5073 3872 5100 678 3856 685 3857 3069 692 643 693
Franklin Quotential Balanced Growth Corporate Class Portfolio4 3845 5167 3753 5185 3847 5200 3364 3846 1039 3848 3183 3180 3181 3182
Franklin Quotential Growth Portfolio4 673 5034 3879 5078 3880 5105 679 680 686 687 3071 3053 3054 3055
Franklin Quotential Growth Corporate Class Portfolio4 1049 5171 3799 5189 3800 5204 3372 3373 1045 1051 — 3185 3186 3187
Franklin Quotential Diversified Equity Portfolio4 855 5031 3875 5075 3876 5102 856 857 858 859 3070 3050 3051 3052
Franklin Quotential Diversified Equity Corporate Class Portfolio4 1061 5170 3801 5188 3802 5203 1056 1062 1057 1063 3198 3195 3196 3197
TEMPLETON FUNDS
Templeton EAFE Developed Markets Fund 837 5040 3914 5088 3915 5111 — — 105 144 — — — —
Templeton Emerging Markets Fund 751 5041 3916 5089 3917 5112 789 799 171 179 — — — —
Templeton Emerging Markets Corporate Class 345 5172 3803 5190 3804 5205 — — 348 349 — — — —
Templeton Global Balanced Fund 2044 5042 3731 5090 3732 5113 3729 3730 2040 2045 3952 2036 2037 2038
Templeton Global Bond Fund 258 5043 3727 5091 3728 5114 254 256 259 260 — — — —
Templeton Global Bond Fund (Hedged) — — 3808 5092 — — 3716 — 3717 — — — — —
Templeton Global Smaller Companies Fund 754 5044 3918 5093 3919 5115 787 798 169 178 — — — —
Templeton Global Smaller Companies Corporate Class 335 5173 — — — — 336 337 338 339 — — — —
Templeton Growth Fund, Ltd. 750 5045 3817 5094 3818 5116 780 795 165 175 — — — —
Templeton Growth Fund, Ltd. – Hedged Series — — — — — — — — — — — — — —
Templeton Growth Corporate Class 355 5174 3754 5191 3755 5206 356 357 358 359 — — — —
Templeton International Stock Fund 753 5046 3920 5095 3921 5117 785 797 167 177 — 770 748 771
Templeton International Stock Corporate Class 365 5175 3813 5192 3814 5207 366 367 368 369 — 3164 3165 3166
FRANKLIN ACTIVEQUANT FUNDS
Franklin ActiveQuant Canadian Fund — — 3882 5052 — — 3361 — 2000 — — — — —
Franklin ActiveQuant Canadian Corporate Class — — — — — — 3360 — 2025 — — — — —
Franklin ActiveQuant U.S. Fund 5780 5781 3974 5053 5785 5786 — — 3228 3229 — — — —
Franklin ActiveQuant U.S. Corporate Class 3238 5161 3819 5182 3820 5197 — — 3234 3239 — — — —
FIDUCIARY TRUST CANADA PRIVATE WEALTH POOLS
FT Balanced Growth Private Wealth Pool — — 3976 5085 — — — — 3962 — — — — —
FT Balanced Income Private Wealth Pool — — 3975 5086 — — — — 3961 — — — — —
FT Growth Private Wealth Pool — — 3977 5087 — — — — 3963 — — — — —
ALTERNATIVE STRATEGIES
Franklin K2 Alternatives Fund — — — — — — — — 5738 — — — — —
Franklin K2 Multi-Strategy Alternatives Fund5 — — 3925 5070 — — — — 3881 — — — — —
franklintempleton.ca 88Dealer Use Only / Not for Distribution to the Public
FUNDS AT A GLANCE
Front, Low Load, and DSC Commission Fees for Series A or Series T is 0–6%, 2.5%, and 5% respectively for all Funds listed.* “ADM” refers to the Investment Advisory Services Fee purchase option for series F, FT, PF, PF (Hedged) and PFT. Please see the simplified prospectus for further details. † All Series I and V closed to new investors as of November 22, 2016. ‡ Series O and OT have a sliding scale of Management and Administration Fees (paid to Franklin Templeton), which delivers reduced fees as invested assets increase. To qualify to purchase or hold Series O and OT units an investor must meet minimum investment requirements as set out in the fund’s current prospectus. 4 As of February 1, 2017, all U.S.‐dollar denominated series, with the exception of Series T‐USD, are closed to new investors. 5 Effective March 11, 2019, Franklin K2 Alternative Strategies Fund was renamed Franklin K2 Multi-Strategy Alternatives Fund.
SERIES T SERIES PT SERIES FT SERIES PFT SERIES V†
US$ CDN$ US$ CDN$ CDN$ CDN$
FRANKLIN TEMPLETON MULTI-ASSET SOLUTIONS FRONT LOW LOAD DSC FRONT LOW LOAD DSC FRONT LOW LOAD DSC (NO LOAD) (NL ADM)* (NO LOAD) (NL ADM)* FRONT
Franklin Conservative Income ETF Portfolio — — — — — — — — — 5711 5712 — — —
Franklin Core ETF Portfolio — — — — — — — — — 5721 5722 — — —
Franklin Growth ETF Portfolio — — — — — — — — — 5731 5732 — — —
Franklin Quotential Diversified Income Portfolio4 — — — 5463 5464 5465 — — — 227 5049 3900 5125 —
Franklin Quotential Diversified Income Corporate Class Portfolio4 3595 3596 3597 5451 5452 5453 5454 5455 5456 3174 5211 3772 5217 3770
Franklin Quotential Balanced Income Portfolio4 — — — 5418 5419 5420 — — — 5502 5048 3898 5123 —
Franklin Quotential Balanced Income Corporate Class Portfolio4 — — — 5409 5410 5411 — — — 3179 5210 — — 3776
Franklin Quotential Balanced Growth Portfolio4 — — — 5400 5401 5402 — — — 5501 5047 3923 5122 —
Franklin Quotential Balanced Growth Corporate Class Portfolio4 — — — 5391 5392 5393 — — — 3184 5209 — — 3774
Franklin Quotential Growth Portfolio4 — — — 5487 5488 5489 — — — — — 3901 5126 —
Franklin Quotential Growth Corporate Class Portfolio4 — — — 5478 5479 5480 — — — 3189 5213 — — —
Franklin Quotential Diversified Equity Portfolio4 3295 3296 3297 5439 5440 5441 5442 5443 5444 — — 3899 5124 —
Franklin Quotential Diversified Equity Corporate Class Portfolio4 3298 3299 3300 5427 5428 5429 5430 5431 5432 3199 5212 — — —
TEMPLETON FUNDS
Templeton EAFE Developed Markets Fund — — — — — — — — — — — — — —
Templeton Emerging Markets Fund — — — — — — — — — — — — — —
Templeton Emerging Markets Corporate Class — — — — — — — — — — — — — —
Templeton Global Balanced Fund 2041 2042 2043 5602 5603 5604 5605 5606 5607 3442 5051 3780 5129 3778
Templeton Global Bond Fund — — — — — — — — — — — — — —
Templeton Global Bond Fund (Hedged) — — — — — — — — — — — — — —
Templeton Global Smaller Companies Fund — — — — — — — — — — — — — —
Templeton Global Smaller Companies Corporate Class — — — — — — — — — — — — — —
Templeton Growth Fund, Ltd. — — — — — — — — — — — — — —
Templeton Growth Fund, Ltd. – Hedged Series — — — — — — — — — — — — — —
Templeton Growth Corporate Class — — — — — — — — — — — — — —
Templeton International Stock Fund — — — 5659 5660 5661 — — — — — 3922 5130 —
Templeton International Stock Corporate Class — — — 5650 5651 5652 — — — — — — — —
FRANKLIN ACTIVEQUANT FUNDS
Franklin ActiveQuant Canadian Fund — — — — — — — — — — — — — —
Franklin ActiveQuant Canadian Corporate Class — — — — — — — — — — — — — —
Franklin ActiveQuant U.S. Fund — — — — — — — — — — — — — —
Franklin ActiveQuant U.S. Corporate Class — — — — — — — — — — — — — —
FIDUCIARY TRUST CANADA PRIVATE WEALTH POOLS
FT Balanced Growth Private Wealth Pool — — — — — — — — — — — — — —
FT Balanced Income Private Wealth Pool — — — — — — — — — — — — — —
FT Growth Private Wealth Pool — — — — — — — — — — — — — —
ALTERNATIVE STRATEGIES
Franklin K2 Alternatives Fund — — — — — — — — — — — — — —
Franklin K2 Multi-Strategy Alternatives Fund5 — — — — — — — — — — — — — —
FUND CODES, CONT.The company code for Franklin Templeton on FundServ is TML.
89 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
FUNDS AT A GLANCE
FUND TRAILER FEES
Front, Low Load, and DSC Commission Fees for Series A or Series T is 0–6%, 2.5%, and 5% respectively for all Funds listed.‡ The low‐load trail fee structure will vary depending on the purchase date of the units. The lower value indicated in the range applies to units held for less than three years. The higher value indicated applies to units that have been issued and outstanding for more than three. The DSC trail fee structure will vary depending on the purchase date of the units. The lower value indicated in the range applies to units held for less than six years. The higher value indicated applies to units that have been issued and outstanding for more than six years. 1 On April 22, 2016, Franklin Bissett Canadian High Dividend Fund merged into Franklin Bissett Canadian Dividend Fund. Accordingly, past performance data for the period prior to April 25, 2016 would not be comparative. 2 Reopened to new investment as of March 26, 2013. 3 As of June 10, 2019, Franklin Bissett Canadian Short Term Bond Fund was renamed to Franklin Bissett Short Duration Bond Fund. 4 As of February 1, 2017, all U.S.‐dollar denominated series of this fund are closed to new investors. 5 As of February 1, 2017, all U.S.‐dollar denominated series, with the exception of Series T‐USD, are closed to new investors. 6 Effective March 11, 2019, Franklin K2 Alternative Strategies Fund was renamed Franklin K2 Multi-Strategy Alternatives Fund.
Trailer Fees‡ (CDN$)
Series A (%) Series I
FRANKLIN TEMPLETON MULTI-ASSET SOLUTIONS FRONT LOW LOAD DSC (%)
Franklin Conservative Income ETF Portfolio 0.75 0.375–0.75 0.375–0.75 N/A
Franklin Core ETF Portfolio 1.00 0.50–1.00 0.50–1.00 N/A
Franklin Growth ETF Portfolio 1.00 0.50–1.00 0.50–1.00 N/A
Franklin Quotential Diversified Income Portfolio5 0.75 0.375–0.75 0.375–0.75 0.75
Franklin Quotential Diversified Income Corporate Class Portfolio5 0.75 0.375–0.75 0.375–0.75 0.75
Franklin Quotential Balanced Income Portfolio5 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Quotential Balanced Income Corporate Class Portfolio5 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Quotential Balanced Growth Portfolio5 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Quotential Balanced Growth Corporate Class Portfolio5 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Quotential Growth Portfolio5 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Quotential Growth Corporate Class Portfolio6 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Quotential Diversified Equity Portfolio5 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Quotential Diversified Equity Corporate Class Portfolio6 1.00 0.50–1.00 0.50–1.00 0.75
TEMPLETON FUNDS
Templeton EAFE Developed Markets Fund 1.00 0.50–1.00 0.50–1.00 N/A
Templeton Emerging Markets Fund 1.00 0.50–1.00 0.50–1.00 0.75
Templeton Emerging Markets Corporate Class 1.00 0.50–1.00 0.50–1.00 N/A
Templeton Global Balanced Fund 1.00 0.50–1.00 0.50–1.00 0.75
Templeton Global Bond Fund 0.50 0.25–0.50 0.25–0.50 0.50
Templeton Global Bond Fund (Hedged) 0.50 0.25–0.50 0.25–0.50 0.50
Templeton Global Smaller Companies Fund 1.00 0.50–1.00 0.50–1.00 0.75
Templeton Global Smaller Companies Corporate Class 1.00 0.50–1.00 0.50–1.00 0.75
Templeton Growth Fund, Ltd. 1.00 0.50–1.00 0.50–1.00 0.50
Templeton Growth Fund, Ltd. – Hedged Series 1.00 0.50–1.00 0.50–1.00 0.50
Templeton Growth Corporate Class 1.00 0.50–1.00 0.50–1.00 0.50
Templeton International Stock Fund 1.00 0.50–1.00 0.50–1.00 0.75
Templeton International Stock Corporate Class 1.00 0.50–1.00 0.50–1.00 0.75
FRANKLIN ACTIVEQUANT FUNDS
Franklin ActiveQuant Canadian Fund 1.00 0.50–1.00 0.50–1.00 0.75
Franklin ActiveQuant Canadian Corporate Class 1.00 0.50–1.00 0.50–1.00 0.75
Franklin ActiveQuant U.S. Fund 1.00 0.50–1.00 0.50–1.00 N/A
Franklin ActiveQuant U.S. Corporate Class 1.00 0.50–1.00 0.50–1.00 N/A
FIDUCIARY TRUST CANADA PRIVATE WEALTH POOLS
FT Balanced Growth Private Wealth Pool N/A N/A N/A N/A
FT Balanced Income Private Wealth Pool N/A N/A N/A N/A
FT Growth Private Wealth Pool N/A N/A N/A N/A
ALTERNATIVE STRATEGIES
Franklin K2 Alternatives Fund 1.00 0.50–1.00 0.50–1.00 N/A
Franklin K2 Multi-Strategy Alternatives Fund6 N/A N/A N/A N/A
Trailer Fees‡ (CDN$)
Series A (%) Series I
FRANKLIN BISSETT FUNDS FRONT LOW LOAD DSC (%)
Franklin Bissett Canada Plus Equity Fund 1.00 0.50–1.00 0.50–1.00 N/A
Franklin Bissett Canadian Balanced Fund 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Bissett Canadian Balanced Corporate Class 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Bissett Canadian Bond Fund 0.50 0.25–0.50 0.25–0.50 N/A
Franklin Bissett Canadian Dividend Fund1 1.00 0.50–1.00 0.50–1.00 N/A
Franklin Bissett Canadian Dividend Corporate Class1 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Bissett Canadian Equity Fund 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Bissett Canadian Equity Corporate Class 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Bissett Canadian Government Bond Fund N/A N/A N/A N/A
Franklin Bissett Core Plus Bond Fund 0.50 0.25–0.50 0.25–0.50 0.50
Franklin Bissett Corporate Bond Fund 0.50 0.25–0.50 0.25–0.50 0.50
Franklin Bissett Dividend Income Fund 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Bissett Dividend Income Corporate Class 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Bissett Money Market Fund 0.25 0.25 0.25 0.25
Franklin Bissett Money Market Corporate Class2 0.25 0.25 0.25 0.25
Franklin Bissett Monthly Income and Growth Fund 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Bissett Short Duration Bond Fund3 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Bissett Small Cap Fund 1.00 0.50–1.00 0.50–1.00 N/A
FRANKLIN FUNDS
Franklin Global Aggregate Bond Fund 0.50 0.25–0.50 0.25–0.50 N/A
Franklin Global Growth Fund 1.00 0.50–1.00 0.50–1.00 N/A
Franklin Global Growth Corporate Class 1.00 0.50–1.00 0.50–1.00 N/A
Franklin High Income Fund4 0.50 0.25–0.50 0.25–0.50 0.50
Franklin Strategic Income Fund4 0.50 0.25–0.50 0.25–0.50 0.50
Franklin U.S. Monthly Income Fund 1.00 0.50–1.00 0.50–1.00 0.75
Franklin U.S. Monthly Income Corporate Class 1.00 0.50–1.00 0.50–1.00 0.75
Franklin U.S. Monthly Income Hedged Corporate Class 1.00 0.50–1.00 0.50–1.00 0.75
Franklin U.S. Opportunities Fund 1.00 0.50–1.00 0.50–1.00 N/A
Franklin U.S. Opportunities Corporate Class 1.00 0.50–1.00 0.50–1.00 N/A
Franklin U.S. Rising Dividends Fund 1.00 0.50–1.00 0.50–1.00 N/A
Franklin U.S. Rising Dividends Fund – Hedged Series 1.00 0.50–1.00 0.50–1.00 N/A
Franklin U.S. Rising Dividends Corporate Class 1.00 0.50–1.00 0.50–1.00 0.75
Franklin U.S. Rising Dividends Hedged Corporate Class 1.00 0.50–1.00 0.50–1.00 N/A
FRANKLIN MUTUAL SERIES FUNDS
Franklin Mutual Global Discovery Fund 1.00 0.50–1.00 0.50–1.00 0.75
Franklin Mutual Global Discovery Corporate Class 1.00 0.50–1.00 0.50–1.00 0.75
franklintempleton.ca 90Dealer Use Only / Not for Distribution to the Public
IMPORTANT: Each fund is assigned an investment risk rating in one of the following categories: low, low to medium, medium, medium to high or high risk. The risk ratings were determined using a methodology that assesses a fund’s historical volatility risk as measured by the standard deviation of fund performance. However, just as a fund’s historical performance may not be indicative of its future returns, a fund’s historical volatility may not be indicative of its future volatility. In addition, other types of risk may exist that can affect a fund’s returns. Please read the prospectus for more information on fund risk ratings.1 On April 22, 2016, Franklin Bissett Canadian High Dividend Fund merged into Franklin Bissett Canadian Dividend Fund, and Franklin Bissett Canadian High Dividend Corporate Class merged into Franklin Bissett Canadian Dividend Corporate Class.
FUND RATINGS
FUND RISK RATINGSAs of June 26, 2020 (except where otherwise indicated)
FUND NAMERISK
CLASSIFICATION
Franklin Bissett Canadian Bond Fund
LOW
Franklin Bissett Canadian Government Bond Fund
Franklin Bissett Core Plus Bond Fund
Franklin Bissett Corporate Bond Fund
Franklin Bissett Money Market Corporate Class
Franklin Bissett Money Market Fund
Franklin Bissett Monthly Income and Growth Fund
Franklin Bissett Short Duration Bond Fund
Franklin Conservative Income ETF Portfolio
Franklin Core ETF Portfolio
Franklin Global Aggregate Bond Fund
Franklin K2 Alternatives Fund
Franklin Quotential Balanced Income Corporate Class Portfolio
Franklin Quotential Balanced Income Portfolio
Franklin Quotential Diversified Income Corporate Class Portfolio
Franklin Quotential Diversified Income Portfolio
FT Balanced Income Private Wealth Pool
Franklin ActiveQuant Canadian Corporate Class
LOW TO MEDIUM
Franklin ActiveQuant Canadian Fund
Franklin Bissett Canada Plus Equity Fund
Franklin Bissett Canadian Balanced Corporate Class
Franklin Bissett Canadian Balanced Fund
Franklin Bissett Canadian Dividend Corporate Class1
Franklin Bissett Canadian Dividend Fund1
Franklin Bissett Canadian Equity Corporate Class
Franklin Bissett Canadian Equity Fund
Franklin Bissett Dividend Income Corporate Class
Franklin Bissett Dividend Income Fund
Franklin Growth ETF Portfolio
Franklin High Income Fund
Franklin Quotential Balanced Growth Corporate Class Portfolio
Franklin Quotential Balanced Growth Portfolio
Franklin Quotential Diversified Equity Corporate Class Portfolio
Franklin Quotential Diversified Equity Portfolio
FUND NAME RISK
CLASSIFICATION
Franklin Quotential Growth Corporate Class Portfolio
LOW TO MEDIUM (CONTINUED)
Franklin Quotential Growth Portfolio
Franklin Strategic Income Fund
Franklin U.S. Monthly Income Corporate Class
Franklin U.S. Monthly Income Fund
Franklin U.S. Monthly Income Hedged Corporate Class
Franklin U.S. Rising Dividends Corporate Class
Franklin U.S. Rising Dividends Fund
FT Balanced Growth Private Wealth Pool
FT Growth Private Wealth Pool
Templeton Global Balanced Fund
Templeton Global Bond Fund
Templeton Global Bond Fund (Hedged)
Franklin ActiveQuant U.S. Corporate Class
MEDIUM
Franklin ActiveQuant U.S. Fund
Franklin Global Growth Corporate Class
Franklin Global Growth Fund
Franklin Mutual Global Discovery Corporate Class
Franklin Mutual Global Discovery Fund
Franklin U.S. Opportunities Corporate Class
Franklin U.S. Opportunities Fund
Franklin U.S. Rising Dividends Hedged Corporate Class
Templeton EAFE Developed Markets Fund
Templeton Emerging Markets Corporate Class
Templeton Emerging Markets Fund
Templeton Global Smaller Companies Corporate Class
Templeton Global Smaller Companies Fund
Templeton Growth Corporate Class
Templeton Growth Fund, Ltd.
Templeton Growth Fund, Ltd. (Hedged Series A)
Templeton International Stock Corporate Class
Templeton International Stock Fund
Franklin Bissett Small Cap Fund MEDIUM TO HIGH
91 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
FUND RATINGS
MORNINGSTAR OVERALL, 3-, 5- AND 10-YEAR RATINGSAs of June 30, 2020
5-Star Overall Morningstar RatingTM
FUND NAME (SERIES F) MORNINGSTAR CATEGORY3-YR.
RATING# OF
FUNDS5-YR.
RATING# OF
FUNDS10-YR. RATING
# OF FUNDS
Franklin Global Growth Fund Global Equity 5 1519 5 997 N/A N/A
4-Star Overall Morningstar RatingTM
FUND NAME (SERIES F) MORNINGSTAR CATEGORY3-YR.
RATING# OF
FUNDS5-YR.
RATING# OF
FUNDS10-YR. RATING
# OF FUNDS
Franklin ActiveQuant Canadian Fund Canadian Equity 3 592 3 405 5 215
Franklin Bissett Canadian Equity Fund Canadian Equity 3 592 3 405 5 215
Franklin Bissett Canadian Government Bond Fund Canadian Fixed Income 4 471 N/A N/A N/A N/A
Franklin Bissett Core Plus Bond Fund Canadian Fixed Income 3 471 4 365 5 169
Franklin Bissett Dividend Income Fund Canadian Equity Balanced 3 386 3 300 4 160
Franklin Bissett Monthly Income and Growth Fund Canadian Neutral Balanced 3 562 4 435 N/A N/A
Franklin Bissett Short Duration Bond Fund Canadian Short Term Fixed Income 3 225 4 184 4 71
Franklin Quotential Balanced Income Portfolio Global Fixed Income Balanced 4 618 4 347 4 138
Franklin Quotential Diversified Income Portfolio Global Fixed Income Balanced 4 618 4 347 4 138
Franklin U.S. Monthly Income Fund Global Neutral Balanced 3 1284 4 922 N/A N/A
Franklin U.S. Opportunities Fund US Equity 5 1312 4 830 4 327
Templeton Emerging Markets Fund Emerging Markets Equity 4 231 5 146 4 70
3-Star Overall Morningstar RatingTM
FUND NAME (SERIES F) MORNINGSTAR CATEGORY3-YR.
RATING# OF
FUNDS5-YR.
RATING# OF
FUNDS10-YR. RATING
# OF FUNDS
Franklin ActiveQuant U.S. Corporate Class US Equity 3 1312 3 830 3 327
Franklin Bissett Corporate Bond Fund Canadian Corporate Fixed Income 3 85 3 54 3 15
Franklin High Income Fund High Yield Fixed Income 3 421 3 281 3 76
Franklin Quotential Balanced Growth Portfolio Global Neutral Balanced 3 1284 3 922 3 410
Franklin Quotential Diversified Equity Portfolio Global Equity 3 1519 3 997 3 501
Franklin Quotential Growth Portfolio Global Equity Balanced 3 1014 3 685 3 300
Franklin Strategic Income Fund Global Fixed Income 2 376 2 219 3 58
Franklin U.S. Rising Dividends Fund US Equity 3 1312 3 830 3 327
Templeton Global Smaller Companies Fund Global Small/Mid Cap Equity 3 253 3 136 2 57
Templeton Growth Fund, Ltd. Global Equity 2 1519 2 997 3 501
Morningstar Ratings measure risk-adjusted returns. The overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Ratings metrics. Past performance is not an indicator or a guarantee of future performance.
*As of June 10, 2019, Franklin Bissett Canadian Short Term Bond Fund was renamed to Franklin Bissett Short Duration Bond Fund.As of June 30, 2020. The Morningstar RatingTM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Ratings metrics. The weights are 100% 3-year rating for 36−59 months of total returns, 60% 5-year rating/40% 3-year rating for 60−119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. Please refer to www.morningstar.ca for more details on the calculation of Morningstar Risk-Adjusted Ratings and the one-year information. Beginning in January 2017, investors switching between Corporate Class funds will trigger a capital gain or loss at the time of the switch due to certain changes in the income tax laws made by the federal government in 2016.
MORNINGSTAR
franklintempleton.ca 92Dealer Use Only / Not for Distribution to the Public
PERFORMANCE SUMMARY
PORTFOLIO AND FUND PERFORMANCEAs of June 30, 2020
FRANKLIN BISSETT FUNDS: SERIES AYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin Bissett Canada Plus Equity Fund -6.81% -1.30% 5.59% -6.81% -1.77% N/A N/A N/A 1.96% 17-Jul-17
Franklin Bissett Canadian Balanced Fund -6.72% 1.04% 10.40% -6.72% -3.78% -0.73% 1.09% 4.65% 3.82% 24-Nov-00
Franklin Bissett Canadian Balanced Corporate Class -6.59% 1.00% 10.20% -6.59% -3.78% -0.86% 0.99% 4.56% 2.72% 18-Dec-06
Franklin Bissett Canadian Bond Fund 6.35% 2.09% 7.59% 6.35% 6.29% N/A N/A N/A 5.43% 5-Jan-18
Franklin Bissett Canadian Dividend Fund1 -15.13% -0.83% 6.21% -15.13% -11.69% -2.96% N/A N/A 0.99% 22-Dec-03
Franklin Bissett Canadian Dividend Corporate Class1 -14.59% -0.88% 5.88% -14.59% -11.18% -2.88% 0.18% N/A 2.59% 27-Sep-10
Franklin Bissett Canadian Equity Fund -11.95% -0.31% 8.36% -11.95% -7.09% -1.33% 1.60% 6.02% 5.12% 24-Nov-00
Franklin Bissett Canadian Equity Corporate Class -11.82% -0.32% 8.17% -11.82% -7.02% -1.38% 1.54% 5.85% 5.03% 18-Jun-01
Franklin Bissett Core Plus Bond Fund 5.50% 1.83% 6.91% 5.50% 5.97% 4.05% 3.40% 3.68% 4.37% 24-Nov-00
Franklin Bissett Corporate Bond Fund 3.22% 2.69% 10.22% 3.22% 4.66% 3.52% 3.19% 3.70% 3.71% 18-Dec-06
Franklin Bissett Dividend Income Fund -10.30% -0.18% 7.37% -10.30% -6.47% -0.39% 2.08% 5.12% 4.82% 24-Nov-00
Franklin Bissett Dividend Income Corporate Class -10.10% -0.16% 7.10% -10.10% -6.32% -0.42% 2.00% N/A 4.13% 25-Jun-12
Franklin Bissett Money Market Fund 0.36% 0.01% 0.07% 0.36% 0.97% 0.96% 0.64% 0.47% 1.27% 24-Nov-00
Franklin Bissett Money Market Corporate Class2 0.06% -0.05% -0.10% 0.06% 0.44% 0.76% 0.54% 0.41% 1.08% 18-Jun-01
Franklin Bissett Monthly Income and Growth Fund -3.26% 0.37% 7.45% -3.26% 0.07% 2.01% 3.50% N/A 3.36% 22-Jun-15
Franklin Bissett Short Duration Bond Fund 2.52% 0.93% 4.16% 2.52% 3.12% 2.16% 1.67% 1.94% 2.51% 22-Dec-03
Franklin Bissett Small Cap Fund -19.74% 3.54% 25.34% -19.74% -17.61% -16.31% -10.48% -0.67% 3.60% 24-Nov-00
FRANKLIN BISSETT FUNDS: SERIES FYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin Bissett Canada Plus Equity Fund -6.26% -1.20% 5.90% -6.26% -0.63% N/A N/A N/A 3.17% 17-Jul-17
Franklin Bissett Canadian Balanced Fund -6.17% 1.14% 10.72% -6.17% -2.65% 0.44% 2.27% 5.97% 7.27% 6-Sep-91
Franklin Bissett Canadian Balanced Corporate Class -6.06% 1.10% 10.51% -6.06% -2.68% 0.27% 2.13% 5.79% 3.97% 18-Dec-06
Franklin Bissett Canadian Bond Fund 6.63% 2.13% 7.74% 6.63% 6.87% N/A N/A N/A 6.02% 5-Jan-18
Franklin Bissett Canadian Dividend Fund1 -14.65% -0.74% 6.50% -14.65% -10.68% -1.84% N/A N/A 2.14% 22-Dec-03
Franklin Bissett Canadian Dividend Corporate Class1 -14.12% -0.79% 6.16% -14.12% -10.17% -1.79% 1.32% N/A 3.73% 27-Sep-10
Franklin Bissett Canadian Equity Fund -11.39% -0.21% 8.69% -11.39% -5.90% -0.03% 2.94% 7.41% 9.73% 1-Mar-83
Franklin Bissett Canadian Equity Corporate Class -11.28% -0.22% 8.50% -11.28% -5.84% -0.08% 2.87% 7.22% 6.39% 18-Jun-01
Franklin Bissett Canadian Government Bond Fund 7.60% 1.43% 6.07% 7.60% 7.36% 4.98% N/A N/A 4.71% 14-Nov-16
Franklin Bissett Core Plus Bond Fund 5.78% 1.88% 7.06% 5.78% 6.56% 4.68% 4.07% 4.41% 6.64% 1-Aug-86
Franklin Bissett Corporate Bond Fund 3.51% 2.74% 10.37% 3.51% 5.25% 4.10% 3.78% 4.29% 4.29% 18-Dec-06
Franklin Bissett Dividend Income Fund -9.80% -0.08% 7.67% -9.80% -5.40% 0.77% 3.29% 6.38% 7.56% 31-May-88
Franklin Bissett Dividend Income Corporate Class -9.58% -0.07% 7.41% -9.58% -5.23% 0.77% 3.17% N/A 5.34% 25-Jun-12
Franklin Bissett Money Market Fund 0.50% 0.03% 0.14% 0.50% 1.24% 1.23% 0.97% 0.91% 2.86% 6-Sep-91
Franklin Bissett Money Market Corporate Class2 0.20% -0.03% -0.03% 0.20% 0.73% 1.06% 0.87% 0.86% 1.57% 18-Jun-01
Franklin Bissett Monthly Income and Growth Fund -2.73% 0.46% 7.75% -2.73% 1.18% 3.15% 4.63% N/A 4.51% 22-Jun-15
Franklin Bissett Short Duration Bond Fund 2.79% 0.98% 4.30% 2.79% 3.68% 2.72% 2.22% 2.50% 3.06% 22-Dec-03
Franklin Bissett Small Cap Fund -19.30% 3.64% 25.69% -19.30% -16.69% -15.37% -9.48% 0.44% 5.86% 30-Aug-93
93 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
PERFORMANCE SUMMARY
PORTFOLIO AND FUND PERFORMANCE, CONT.As of June 30, 2020
FRANKLIN FUNDS: SERIES AYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin Global Growth Fund 12.41% 1.97% 24.45% 12.41% 23.50% 14.03% 11.60% N/A 11.69% 24-Jun-11
Franklin Global Growth Corporate Class 12.36% 1.97% 24.33% 12.36% 23.47% 14.62% 11.84% 11.97% 4.31% 18-Jun-01
Franklin High Income Fund -4.17% -0.12% 7.43% -4.17% -1.58% 0.69% 1.67% 4.03% 2.92% 17-Feb-03
Franklin Strategic Income Fund -0.77% 1.00% 5.00% -0.77% 0.10% 0.63% 0.82% 2.74% 1.97% 17-Feb-03
Franklin U.S. Monthly Income Fund -3.71% -1.33% 4.70% -3.71% -0.60% 2.52% 4.68% N/A 7.31% 28-Jun-13
Franklin U.S. Monthly Income Corporate Class -3.74% -1.57% 4.66% -3.74% -0.73% 2.08% 4.16% N/A 6.82% 28-Jun-13
Franklin U.S. Monthly Income Hedged Corporate Class -7.96% -0.37% 7.41% -7.96% -4.80% -0.48% 1.59% N/A 2.88% 28-Jun-13
Franklin U.S. Opportunities Fund 19.71% 3.11% 26.41% 19.71% 24.62% 18.82% 12.97% 14.87% 7.23% 14-Apr-97
Franklin U.S. Opportunities Corporate Class 18.43% 3.11% 26.33% 18.43% 23.30% 18.34% 12.76% 14.82% 8.73% 21-Oct-05
Franklin U.S. Rising Dividends Fund -1.16% -0.56% 14.95% -1.16% 4.51% 9.11% 9.11% 12.52% 2.62% 24-Nov-00
Franklin U.S. Rising Dividends Corporate Class -1.11% -0.57% 14.95% -1.11% 4.70% 9.00% 8.96% 12.41% 6.62% 16-Jan-06
Franklin U.S. Rising Dividends Hedged Corporate Class -7.00% 0.71% 17.91% -7.00% -1.35% 5.68% 5.93% N/A 8.58% 29-Oct-12
FRANKLIN FUNDS: SERIES FYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin Global Growth Fund 13.05% 2.06% 24.79% 13.05% 24.99% 15.35% 12.84% N/A 12.95% 24-Jun-11
Franklin Global Growth Corporate Class 12.99% 2.06% 24.67% 12.99% 24.85% 15.88% 13.07% 13.21% 5.46% 18-Jun-01
Franklin High Income Fund -3.91% -0.07% 7.58% -3.91% -1.03% 1.26% 2.21% 4.88% 3.84% 17-Feb-03
Franklin Strategic Income Fund -0.49% 1.04% 5.15% -0.49% 0.66% 1.18% 1.36% 3.49% 2.82% 17-Feb-03
Franklin U.S. Monthly Income Fund -3.17% -1.24% 4.99% -3.17% 0.52% 3.66% 5.85% N/A 8.50% 28-Jun-13
Franklin U.S. Monthly Income Corporate Class -3.19% -1.48% 4.97% -3.19% 0.40% 3.25% 5.36% N/A 8.04% 28-Jun-13
Franklin U.S. Monthly Income Hedged Corporate Class -7.45% -0.29% 7.71% -7.45% -3.70% 0.65% 2.77% N/A 4.04% 28-Jun-13
Franklin U.S. Opportunities Fund 20.38% 3.20% 26.76% 20.38% 26.04% 20.18% 14.24% 16.18% 4.75% 24-Nov-00
Franklin U.S. Opportunities Corporate Class 19.09% 3.20% 26.67% 19.09% 24.68% 19.73% 14.06% 16.09% 9.92% 21-Oct-05
Franklin U.S. Rising Dividends Fund -0.61% -0.46% 15.29% -0.61% 5.66% 10.34% 10.33% 13.79% 7.41% 1-Dec-84
Franklin U.S. Rising Dividends Corporate Class -0.54% -0.48% 15.28% -0.54% 5.90% 10.23% 10.19% 13.68% 7.80% 16-Jan-06
Franklin U.S. Rising Dividends Hedged Corporate Class -6.48% 0.80% 18.24% -6.48% -0.26% 6.86% 7.11% N/A 9.81% 29-Oct-12
FRANKLIN MUTUAL SERIES FUNDS: SERIES AYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin Mutual Global Discovery Fund -23.32% 0.09% 10.31% -23.32% -17.99% -6.36% -2.43% 4.32% 4.52% 17-Feb-03
Franklin Mutual Global Discovery Corporate Class -23.60% -0.14% 10.17% -23.60% -18.46% -6.53% -2.61% 4.21% 4.37% 17-Feb-03
FRANKLIN MUTUAL SERIES FUNDS: SERIES FYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin Mutual Global Discovery Fund -22.87% 0.19% 10.63% -22.87% -17.04% -5.27% -1.30% 5.53% 5.69% 17-Feb-03
Franklin Mutual Global Discovery Corporate Class -23.16% -0.05% 10.49% -23.16% -17.52% -5.46% -1.48% 5.42% 5.57% 17-Feb-03
franklintempleton.ca 94Dealer Use Only / Not for Distribution to the Public
PERFORMANCE SUMMARY
FRANKLIN TEMPLETON MULTI-ASSET SOLUTIONS: SERIES AYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin Conservative Income ETF Portfolio 2.46% 1.43% 9.30% 2.46% 4.17% N/A N/A N/A 8.00% 20-Feb-19
Franklin Core ETF Portfolio -0.46% 1.35% 11.08% -0.46% 2.94% N/A N/A N/A 6.32% 20-Feb-19
Franklin Growth ETF Portfolio -2.41% 1.30% 12.36% -2.41% 2.26% N/A N/A N/A 5.40% 20-Feb-19
Franklin Quotential Diversified Income Portfolio 2.89% 1.30% 7.76% 2.89% 3.62% 2.82% 2.46% 4.23% 4.24% 26-Jun-08
Franklin Quotential Diversified Income Portfolio - Series T 2.90% 1.30% 7.77% 2.90% 3.63% 2.79% 2.46% 4.23% 4.57% 17-Feb-03
Franklin Quotential Diversified Income Corporate Class Portfolio 2.66% 1.09% 7.51% 2.66% 3.29% 2.37% 2.10% 3.93% 3.85% 28-Jun-04
Franklin Quotential Balanced Income Portfolio 1.34% 1.32% 9.41% 1.34% 3.02% 2.74% 2.39% 4.66% 4.49% 19-Aug-02
Franklin Quotential Balanced Income Corporate Class Portfolio 1.17% 1.14% 9.18% 1.17% 2.78% 2.37% 2.08% 4.44% 3.82% 28-Jun-04
Franklin Quotential Balanced Growth Portfolio -0.25% 1.34% 11.13% -0.25% 2.52% 2.76% 2.39% 5.29% 4.74% 19-Aug-02
Franklin Quotential Balanced Growth Corporate Class Portfolio -0.37% 1.19% 10.92% -0.37% 2.35% 2.47% 2.18% 5.13% 4.17% 28-Jun-04
Franklin Quotential Growth Portfolio -1.90% 1.36% 12.79% -1.90% 1.96% 2.76% 2.39% 5.86% 4.40% 19-Aug-02
Franklin Quotential Growth Corporate Class Portfolio -2.04% 1.25% 12.52% -2.04% 1.79% 2.54% 2.25% 5.72% 4.01% 28-Jun-04
Franklin Quotential Diversified Equity Portfolio -0.29% 1.51% 14.90% -0.29% 5.58% 4.65% 3.58% 7.71% 5.49% 9-Jun-03
Franklin Quotential Diversified Equity Corporate Class Portfolio -0.37% 1.45% 14.81% -0.37% 5.51% 4.51% 3.52% 7.67% 4.55% 28-Jun-04
FRANKLIN TEMPLETON MULTI-ASSET SOLUTIONS: SERIES FYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin Conservative Income ETF Portfolio 2.89% 1.50% 9.53% 2.89% 5.06% N/A N/A N/A 9.24% 20-Feb-19
Franklin Core ETF Portfolio 0.09% 1.44% 11.38% 0.09% 4.04% N/A N/A N/A 7.88% 20-Feb-19
Franklin Growth ETF Portfolio -1.90% 1.38% 12.66% -1.90% 3.33% N/A N/A N/A 6.92% 20-Feb-19
Franklin Quotential Diversified Income Portfolio 3.40% 1.38% 8.02% 3.40% 4.60% 3.80% 3.42% 5.21% 5.20% 26-Jun-08
Franklin Quotential Diversified Income Corporate Class Portfolio 3.14% 1.17% 7.76% 3.14% 4.27% 3.34% 3.07% 4.92% 4.81% 28-Jun-04
Franklin Quotential Balanced Income Portfolio 1.90% 1.42% 9.72% 1.90% 4.16% 3.88% 3.53% 5.84% 5.64% 19-Aug-02
Franklin Quotential Balanced Income Corporate Class Portfolio 1.73% 1.23% 9.48% 1.73% 3.92% 3.50% 3.21% 5.60% 4.95% 28-Jun-04
Franklin Quotential Balanced Growth Portfolio 0.30% 1.43% 11.43% 0.30% 3.65% 3.89% 3.53% 6.46% 5.89% 19-Aug-02
Franklin Quotential Balanced Growth Corporate Class Portfolio 0.17% 1.28% 11.22% 0.17% 3.48% 3.60% 3.30% 6.28% 5.31% 28-Jun-04
Franklin Quotential Growth Portfolio -1.37% 1.45% 13.09% -1.37% 3.08% 3.90% 3.55% 7.04% 5.54% 19-Aug-02
Franklin Quotential Growth Corporate Class Portfolio -1.51% 1.33% 12.82% -1.51% 2.90% 3.69% 3.35% 6.88% 5.15% 28-Jun-04
Franklin Quotential Diversified Equity Portfolio 0.26% 1.61% 15.22% 0.26% 6.74% 5.82% 4.73% 8.90% 6.63% 9-Jun-03
Franklin Quotential Diversified Equity Corporate Class Portfolio 0.18% 1.55% 15.13% 0.18% 6.68% 5.68% 4.67% 8.87% 5.72% 28-Jun-04
PORTFOLIO AND FUND PERFORMANCE, CONT.As of June 30, 2020
95 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
TEMPLETON FUNDS: SERIES AYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Templeton EAFE Developed Markets Fund -15.59% 0.84% 6.55% -15.59% -13.16% -6.69% -2.47% 3.75% 0.39% 24-Nov-00
Templeton Emerging Markets Fund -5.86% 7.30% 15.10% -5.86% 2.52% 4.22% 6.76% 4.54% 5.93% 20-Sep-91
Templeton Emerging Markets Corporate Class -5.87% 7.01% 14.81% -5.87% 2.23% 4.17% 6.69% 4.45% 5.93% 18-Jun-01
Templeton Global Balanced Fund -8.33% 0.04% 3.86% -8.33% -7.85% -3.68% -0.66% 5.04% 4.42% 26-Jun-08
Templeton Global Balanced Fund - Series T -8.31% 0.04% 3.87% -8.31% -7.82% -3.67% -0.66% 5.03% 3.76% 12-Dec-05
Templeton Global Bond Fund -1.48% -0.58% -0.83% -1.48% -4.62% -1.98% -0.08% 2.03% 4.64% 15-Jul-88
Templeton Global Bond Fund (Hedged) -9.02% 0.64% 1.67% -9.02% -11.63% -5.28% -3.08% N/A -3.20% 19-Aug-13
Templeton Global Smaller Companies Fund -11.14% 2.42% 20.36% -11.14% -5.44% -1.33% 1.60% 5.24% 7.16% 3-Jan-89
Templeton Global Smaller Companies Corporate Class -11.22% 2.41% 20.40% -11.22% -5.52% -1.38% 1.56% 5.21% 4.73% 18-Jun-01
Templeton Growth Fund, Ltd. -7.72% 0.08% 7.06% -7.72% -2.66% -1.52% 1.37% 8.05% 11.13% 29-Nov-54
Templeton Growth Fund, Ltd. - Series A (Hedged) -11.91% 1.00% 9.82% -11.91% -6.45% -3.30% -0.04% N/A 3.69% 28-Mar-13
Templeton Growth Corporate Class -7.73% 0.07% 7.10% -7.73% -2.54% -1.38% 1.54% 8.16% 3.18% 18-Jun-01
Templeton International Stock Fund -16.38% 1.80% 7.24% -16.38% -12.13% -6.11% -3.47% 3.62% 5.00% 3-Jan-89
Templeton International Stock Corporate Class -16.64% 1.44% 7.04% -16.64% -12.81% -6.51% -3.74% 3.35% 0.74% 18-Jun-01
TEMPLETON FUNDS: SERIES FYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Templeton EAFE Developed Markets Fund -15.10% 0.94% 6.86% -15.10% -12.16% -5.63% -1.32% 4.97% 2.85% 2-Jan-94
Templeton Emerging Markets Fund -5.24% 7.40% 15.46% -5.24% 3.69% 5.40% 7.96% 5.69% 6.89% 24-Nov-00
Templeton Emerging Markets Corporate Class -5.35% 7.11% 15.12% -5.35% 3.32% 5.34% 7.89% 5.61% 7.11% 18-Jun-01
Templeton Global Balanced Fund -7.82% 0.13% 4.15% -7.82% -6.83% -2.61% 0.46% 6.22% 4.90% 12-Dec-05
Templeton Global Bond Fund -1.20% -0.54% -0.70% -1.20% -4.09% -1.41% 0.49% 2.67% 4.62% 18-Jun-01
Templeton Global Bond Fund (Hedged) -8.75% 0.69% 1.82% -8.75% -11.11% -4.72% -2.55% N/A -2.57% 19-Aug-13
Templeton Global Smaller Companies Fund -10.64% 2.52% 20.69% -10.64% -4.36% -0.22% 2.74% 6.44% 6.36% 24-Nov-00
Templeton Global Smaller Companies Corporate Class -10.71% 2.51% 20.74% -10.71% -4.45% -0.25% 2.71% 6.42% 5.92% 18-Jun-01
Templeton Growth Fund, Ltd. -7.18% 0.17% 7.36% -7.18% -1.51% -0.40% 2.51% 9.24% 4.00% 24-Nov-00
Templeton Growth Corporate Class -7.28% 0.15% 7.36% -7.28% -1.59% -0.43% 2.51% 9.17% 4.04% 18-Jun-01
Templeton International Stock Fund -15.91% 1.90% 7.54% -15.91% -11.16% -5.06% -2.39% 4.78% 1.79% 24-Nov-00
Templeton International Stock Corporate Class -16.14% 1.53% 7.37% -16.14% -11.80% -5.44% -2.64% 4.53% 1.90% 18-Jun-01
PORTFOLIO AND FUND PERFORMANCE, CONT.As of June 30, 2020
franklintempleton.ca 96Dealer Use Only / Not for Distribution to the Public
FRANKLIN ACTIVEQUANT FUNDS: SERIES AYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin ActiveQuant Canadian Fund -11.28% 0.60% 12.67% -11.28% -8.08% -0.64% 0.74% 6.33% 5.72% 20-Sep-04
Franklin ActiveQuant Canadian Corporate Class -11.53% 0.56% 12.21% -11.53% -8.36% -0.85% 0.60% 6.05% 5.77% 20-Sep-04
Franklin ActiveQuant U.S. Fund -7.51% -3.06% 6.24% -7.51% 1.21% 5.54% N/A N/A 3.96% 9-Jun-17
Franklin ActiveQuant U.S. Corporate Class -7.77% -3.29% 5.98% -7.77% 0.80% 5.08% 6.51% 13.06% 7.54% 3-Mar-08
FRANKLIN ACTIVEQUANT FUNDS: SERIES FYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin ActiveQuant Canadian Fund -10.80% 0.69% 12.98% -10.80% -7.07% 0.46% 1.85% 7.52% 6.88% 20-Sep-04
Franklin ActiveQuant Canadian Corporate Class -11.05% 0.65% 12.52% -11.05% -7.37% 0.23% 1.69% 7.24% 6.96% 20-Sep-04
Franklin ActiveQuant U.S. Fund -7.06% -2.98% 6.50% -7.06% 2.21% 6.53% N/A N/A 4.95% 9-Jun-17
Franklin ActiveQuant U.S. Corporate Class -7.24% -3.20% 6.28% -7.24% 1.92% 6.25% 7.68% 14.29% 8.69% 3-Mar-08
FIDUCIARY TRUST CANADA PRIVATE WEALTH POOLS: SERIES PFYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
FT Balanced Growth Private Wealth Pool -0.39% 1.15% 9.50% -0.39% 4.08% 3.88% N/A N/A 2.66% 1-Jun-17
FT Balanced Income Private Wealth Pool 1.52% 1.28% 8.27% 1.52% 4.45% 3.77% N/A N/A 2.51% 1-Jun-17
FT Growth Private Wealth Pool -2.14% 1.34% 10.85% -2.14% 3.81% 3.96% N/A N/A 2.59% 1-Jun-17
ALTERNATIVE STRATEGIES: SERIES AYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin K2 Alternatives Fund -7.48% -0.44% -0.77% -7.48% -6.83% N/A N/A N/A -5.86% 11-Mar-19
ALTERNATIVE STRATEGIES: SERIES FYear-To-
Date 1 Month 3 Months 6 Months 1 Year 3 Years* 5 Years* 10 Years*Since
Inception*Inception
Date
Franklin K2 Multi-Strategy Alternatives Fund3 -3.22% 0.56% 4.97% -3.22% -3.17% 0.16% N/A N/A 1.04% 3-Oct-16
*All performances are compounded annually if inception before or on June 30, 2019. 1 Effective April 22, 2016, Franklin Bissett Canadian High Dividend Fund merged into Franklin Bissett Canadian Dividend Fund. Accordingly, past performance data for the period prior to April 25,
2016, would not be comparative. 2 Reopened to new investment as of March 26, 2013.3 Effective March 11, 2019, Franklin K2 Alternative Strategies Fund was renamed Franklin K2 Multi-Strategy Alternatives Fund. The fund is not offered under a prospectus and is only available to
Canadian accredited investors.
PORTFOLIO AND FUND PERFORMANCE, CONT.As of June 30, 2020
97 ADVISOR MONTHLY Dealer Use Only / Not for Distribution to the Public
REGIONAL SALES CONTACTSOur Sales Team
CLIENT SERVICES
TOLL-FREE (800) 387-0830 | TOLL-FREE FAX (866) 850-8241
NATIONAL SALES TEAM
Dennis Tew Head of National Sales, Canada (416) 957-6023 [email protected]
Jim Vlahos Senior Vice President, Sales (416) 957-6059 [email protected]
Liz Bouthillier Senior Vice President, Sales (514) 476-8257 [email protected]
Ahmed Farooq VP, ETF Business Development (416) 452-3691 [email protected]
Jon Durst VP, ETF Business Development (416) 803-2102 [email protected]
Richard Wehbi Manager, Inside Sales (647) 522-2250 [email protected]
BRITISH COLUMBIA Senior Vice President, Sales − Liz Bouthillier
TERRITORY NAME ROLE PHONE / E-MAIL INSIDE SALES MANAGER PHONE / E-MAIL
Vancouver, Lower Mainland, Fraser Valley Conor Savage Vice President, Regional Sales
(604) [email protected]
Thea Lepore(604) [email protected]
Vancouver Island & BC Interior Jocelyn Duncan Vice President, Regional Sales(250) [email protected]
TBD —
Richmond, Burnaby, Coquitlam, Vancouver André Alves Vice President, Regional Sales
(604) [email protected]
Chris Van (604) [email protected]
ALBERTA, SASKATCHEWAN & MANITOBA Senior Vice President, Sales − Liz Bouthillier
TERRITORY NAME ROLE PHONE / E-MAIL INSIDE SALES MANAGER PHONE / E-MAIL
Alberta (excl. Edmonton & Lloydminster) Ken Eslinger Vice President, Regional Sales (403) 831-5767
[email protected] Mark Parchamento(403) [email protected]
Manitoba, Saskatchewan & Alberta (Edmonton & Lloydminster) Joe Gill Vice President, Regional Sales (306) 491-2779
[email protected] Patrice Cloutier(514) [email protected]
MANITOBA, SASKATCHEWAN, ALBERTA & BRITISH COLUMBIA STRATEGIC DISTRIBUTION Senior Vice President, Sales − Liz Bouthillier
TERRITORY NAME ROLE PHONE / E-MAIL INSIDE SALES MANAGER PHONE / E-MAIL
Manitoba, Saskatchewan, Alberta & British Columbia Alain Samson Vice President, Regional
Sales(403) 589-8122 [email protected] Anthony Amante (403) 543-4738
Alberta & British Columbia: Covering Edward Jones, Investors Group, WFG, credit unions and insurance firms.Manitoba & Saskatchewan: Covering Sunlife, WFG, Primerica and credit unions.
ONTARIO & ATLANTIC CANADA Senior Vice President, Sales − Jim Vlahos
TERRITORY NAME ROLE PHONE / E-MAIL INSIDE SALES MANAGER PHONE / E-MAIL
Southwestern Ontario: Kitchener,Waterloo, Cambridge, Stratford, Listowel, Guelph & Fergus, London to Windsor, Owen Sound
Scott Siegers Vice President, Regional Sales (519) [email protected] Chanel Lawrence
(416) [email protected]
Downtown Toronto**, Scarborough, Etobicoke and East York Robert Blagojevic Vice President, Regional Sales
(416) [email protected]
May Ola(416) [email protected]
Central Ontario: Downtown Toronto, North York, Richmond Hill, Markham, Scarborough, Vaughan, Barrie, Sudbury, Sault Ste. Marie, Timmins & North Bay
Tasos Dovolos Vice President, Regional Sales(416) [email protected]
Justin Nguyen(416) [email protected]
** Covering Edward Jones and Sun Life for Downtown Toronto only – all other cities/firms covered by Ontario Strategic Distribution.
franklintempleton.ca 98Dealer Use Only / Not for Distribution to the Public
As of June 30, 2020
REGIONAL SALES CONTACTS, CONT.Global Thinking. Local Presence.
ONTARIO & ATLANTIC CANADA (CONTINUED) Senior Vice President, Sales − Jim Vlahos
TERRITORY NAME ROLE PHONE / E-MAIL INSIDE SALES MANAGER PHONE / E-MAIL
Golden Horshoe: Mississauga,Oakville, Brampton, Orangeville,Burlington, Hamilton, Niagara & St. Catherines
Robert Rocoff Vice President, Regional Sales(416) [email protected]
Alfie Sanvictores (416) [email protected]
Atlantic Canada:Newfoundland & Labrador,Nova Scotia, New Brunswick &Prince Edward Island
Justin Belliveau Vice President, Regional Sales(506) [email protected]
Brayden Speight(902) 221-8893 [email protected]
ONTARIO STRATEGIC DISTRIBUTION* Senior Vice President, Sales − Jim Vlahos
TERRITORY NAME ROLE PHONE / E-MAIL INSIDE SALES MANAGER PHONE / E-MAIL
Ontario – ALL excluding Kingston East to Ottawa Patrick Graham Vice President, Regional Sales (647) 274-3704
Adam Zerrouk (416) 957-6051 [email protected]
Jojeth Unciano (416) 957-6164 [email protected]
*Covering Edward Jones, Investors Group, WFG, credit unions and insurance firms.
QUEBEC AND OTTAWA Senior Vice President, Sales − Liz Bouthillier
TERRITORY NAME ROLE PHONE / E-MAIL INSIDE SALES MANAGER PHONE / E-MAIL
Quebec City Region Mana Diakite Vice President, Regional Sales(418) [email protected]
Stephanie Barbagli(514) [email protected]
South Shore, Sherbrooke, Drummondville David Vazzoler Vice President, Regional Sales
(514) [email protected]
François Leroux(514) [email protected]
Downtown Montreal, West Island, Saint-Laurent, Laval, Abitibi Xavier Saab Vice President, Regional Sales
(514) [email protected]
François Leroux (514) 281-1182 [email protected]
Ottawa Region: Gatineau to Kingston Jared Goodman Vice President, Regional Sales(613) [email protected]
Stephanie Barbagli (613) 720-1272 [email protected]
DEFINED CONTRIBUTION & RETIREMENT Senior Vice President, Head of Defined Contribution & Retirement − Bill Tsotsos
Western Canada Chris Wright Vice President, Institutional Investment Services (403) 483-1629 [email protected]
Franklin Templeton and Franklin Templeton Canada are business names used by Franklin Templeton Investments Corp.© 2020 Franklin Templeton Canada. All rights reserved. CA FSBE 06/20
Founding Member of The Canadian Coalition for Good GovernanceCanadian Offices: Calgary • Montreal • TorontoNYSE: BEN
Franklin Templeton Canada200 King Street West, Suite 1500Toronto, Ontario, M5H 3T4www.franklintempleton.ca
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GLOSSARYDividend Yield of a stock is the total amount of dividend per share paid over the previous 12 months, divided by its current price. The dividend yield of a mutual fund is the market-weighted average of the dividend yields of all the stocks in the portfolio. This measure is gross of fees. Weighted Yield (Internal Yield) is a blended measure used for balanced funds, the internal yield is the market-weighted average of the Yield to Maturity of the fund’s fixed income component and the Dividend Yield of the fund’s equity component. This measure is gross of fees.Yield to Maturity (YTM) is a long-term yield expressed as an annual rate. A bond’s YTM is the rate of return anticipated if one assumes the bond is held until its maturity date and all the coupons paid by the bond are reinvested at the same rate of return as the coupons. The calculation takes into account the current market price, par value, coupon interest rate and time to maturity. The YTM of a bond fund is the market-weighted average of the YTMs of all the bonds in the portfolio.Yield to Worst (YTW) of a bond is the yield to maturity if the worst possible bond repayment takes place. If market yields are higher than the coupon, the YTW would assume no prepayment. If market yields are below the coupon, the YTW would assume prepayment. The YTW of a fund is the market-weighted average of the YTWs of all the bonds in the portfolio. This measure is gross of fees and excludes yield on cash. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund facts document before investing. The indicated rates of return are historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The portfolio manager for a Fund reserves the right to withhold release of information with respect to holdings that would otherwise be included in the top 10 holdings list. Series T distributions are automatically reinvested unless otherwise requested. Series T may also pay a distribution that must be reinvested in December, consisting of income and capital gains. Please indicate whether your client’s preference is to receive cash flow immediately on your client’s application. Fund AUM reported may include fund-on-fund holdings, and assets are therefore reflected in both the top fund and underlying fund AUM. The ‘Supranational’ geographic designation refers to international financial institutions whereby member states transcend national boundaries and issue debt securities on behalf of the group as a whole.Beginning in January 2017, investors switching between Corporate Class funds will trigger a capital gain or loss at the time of the switch due to certain changes in the income tax laws made by the federal government in 2016.Franklin Bissett Investment Management is part of Franklin Templeton Canada. Fiduciary Trust Company of Canada is a wholly owned subsidiary of Franklin Templeton Canada.*Franklin Templeton Multi-Asset Solutions (FTMAS) is a global team dedicated to global portfolio-based solutions. In Canada, FTMAS uses Templeton Investment Counsel LLC as a sub-adviser. FTMAS is a division of Fiduciary Trust Company of Canada, a wholly owned subsidiary of Franklin Templeton Canada.**Franklin Templeton Investment Funds (FTIF) are Luxembourg SICAVs and are not available for direct purchase in Canada. Société d’Investissement à Capital Variable (SICAV) is an open end investment company, governed by the laws of Luxembourg.Franklin Templeton Canada is a business name used by Franklin Templeton Investments Corp.
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