advisormonthly - Franklin Templeton Investments

advisormonthlyFEBRUARY 2014

Franklin Templeton InvestmentsGain From Our Perspective ®Franklin Templeton’s distinct multimanagerstructure combines thespecialized expertise of four world-classinvestment management groups—Franklin, Templeton, Franklin MutualSeries and Franklin Bissett.SPECIALIZED EXPERTISEEach of our portfolio management groups operatesautonomously, relying on its own research and staying true tothe unique investment disciplines that underlie its success.Franklin. Founded in 1947, Franklin is a recognized leaderin fixed income investing and also brings expertise ingrowth- and value-style equity investing.Templeton. Founded in 1940, Templeton pioneeredinternational investing and, in 1954, launched whathas become one of the industry’s oldest global funds.*Today, with offices in over 25 countries, Templeton offersinvestors a truly global perspective.Franklin Mutual Series**. Founded in 1949, FranklinMutual Series is dedicated to a unique style of valueinvesting, searching aggressively for opportunity amongwhat it believes are undervalued stocks, as well asarbitrage situations and distressed securities.TRUE DIVERSIFICATIONBecause our management groups work independentlyand adhere to different investment approaches, Franklin,Templeton, Franklin Mutual Series and Franklin Bissettfunds typically have distinct portfolios. That’s why ourfunds can be used to build truly diversified allocationplans covering every major asset class.RELIABILITY YOU CAN TRUSTAt Franklin Templeton Investments, we seek to provideinvestors with strong risk-adjusted returns over the longterm, as well as the reliable, accurate and personal servicethat has helped us become one of the most trusted namesin financial services.Franklin Bissett Investment Management***. Foundedin 1982, Franklin Bissett has provided high-qualityinvestment management solutions that help individualsand institutions build and maintain wealth. With equityexpertise across the market cap and yield spectrum andfixed income expertise across multiple sectors, FranklinBissett’s investment strategy seeks to deliver strong riskadjustedreturns over time.* The inception date of Series A of the Templeton Growth Fund, Ltd. is November 29, 1954.** Franklin Mutual Series was previously named Mutual Series.*** Franklin Bissett Investment Management, previously named Bissett Investment Management, is part of Franklin Templeton Investments Corp.201308081907 CA AMSPE 08/13

Funds Table of Contents PageWE’RE HERE FOR YOUYour sales manager is your point-of-contactbut you can also reach us online atservice@franklintempleton.ca or thesetoll-free numbers.GENERAL SALES SUPPORTIf you are unable to contact your FranklinTempleton sales manager, please call1.855.FT-FUNDS.NEW ADVISOR SUPPORTAND CLIENT SERVICESFor account and transaction informationor to learn how our products and servicescan help you build your business, pleasecall 1.800.387.0830.ONLINEadvisormonthly is available online.Login to www.franklintempleton.ca, clickon the Funds tab, and choose FundInformation from the menu at the top ofthe page.You can also access the latest fundand account information, clientstatements, tax slips, managercommentary, sales tools and moreat www.franklintempleton.ca.#1 in ServiceIn January 2014, Franklin Templetonreceived Dalbar’s Mutual Fund Service Awardrecognizing the best customer service in theCanadian industry. More than any othercompany, according to Dalbar, we reinforcethe relationship you have with your clients byemphasizing the value of professional advice.Call our Client Service team at1.800.387.0830 for duplicate statements,tax slips, or information about your clients’ accounts.Call our Sales and Marketing Services team tollfreeat 1-855-FT-FUNDS for updated productinformation, timely sales ideas and to orderliterature and Bestbuilt ® illustrations.Franklin Quotential Franklin Quotential Diversified Income Portfolio † 01Franklin Quotential Balanced Income Portfolio † 02Franklin Quotential Balanced Growth Portfolio † 03Franklin Quotential Growth Portfolio † 04Franklin Quotential Diversified Equity Portfolio †† 05Canadian Balanced Franklin Bissett Canadian All Cap Balanced Fund 31Franklin Bissett Canadian Balanced Fund † 32Franklin Bissett Dividend Income Fund † 38Franklin Bissett Strategic Income Fund † 42Templeton Canadian Balanced Fund 08Global Balanced Templeton Global Balanced Fund 13Franklin Income Fund 22Franklin Income Hedged Corporate Class 23Canadian Equity Franklin Bissett All Canadian Focus Fund † 29Franklin Bissett Canadian Equity Fund † 34Franklin Bissett Energy Corporate Class † 39Franklin Bissett Microcap Fund † 40Franklin Bissett Small Cap Fund † 41Templeton Canadian Stock Fund 09Canadian Dividend Franklin Bissett Canadian Dividend Fund † 33Franklin Bissett Canadian High Dividend Fund † 35U.S. Equity Franklin Flex Cap Growth Fund 20Franklin Bissett U.S. Focus Corporate Class † 43Franklin U.S. Core Equity Fund 25Franklin U.S. Rising Dividends Fund 26Franklin U.S. Rising Dividends Hedged Corporate Class 27Franklin Mutual U.S. Shares Fund ††† 44Global & Franklin World Growth Corporate Class 28International Equity Franklin Mutual Global Discovery Fund † 45Templeton EAFE Developed Markets Fund 10Templeton Global Smaller Companies Fund 17Templeton Growth Fund, Ltd. 18Templeton International Stock Fund 19Emerging Markets Equity Templeton Asian Growth Corporate Class 06Templeton BRIC Corporate Class 07Templeton Emerging Markets Fund 11Templeton Frontier Markets Corporate Class 12Canadian Franklin Bissett Bond Fund † 30Fixed Income Franklin Bissett Canadian Short Term Bond Fund † 36Franklin Bissett Corporate Bond Fund † 37Global Franklin High Income Fund 21Fixed Income Franklin Strategic Income Fund 24Templeton Global Bond Fund 14Templeton Global Bond Fund (Hedged) 16Money Market Funds 46Yield Class Investments 47Portfolio Optimization Service 49Morningstar Ratings 50Portfolio and Fund Managers 52Portfolio and Fund Codes, Styles and Distributions 54Portfolio and Fund Performance 58Regional Sales Contacts 60†Effective July 29, 2013, these Franklin Templeton funds were renamed. Please see opposite page for details.††Effective October 25, 2013, Franklin Quotential Global Growth Portfolio and Franklin Quotential Global Growth CorporateClass Portfolio were renamed Franklin Quotential Diversified Equity Portfolio and Franklin Quotential Diversified EquityCorporate Class Portfolio, respectively.†††Effective February 17, 2014, Franklin Mutual Beacon Fund and Franklin Mutual Beacon Corporate Class were renamedFranklin Mutual U.S. Shares Fund and Franklin Mutual U.S. Shares Corporate Class, respectively.

Old Fund Name New Fund Name (Effective July 29, 2013)Bissett All Canadian Focus FundBissett All Canadian Focus Corporate ClassBissett Bond FundBissett Bond Corporate ClassBissett Bond Yield ClassBissett Canadian Balanced FundBissett Canadian Balanced Corporate ClassBissett Canadian Dividend FundBissett Canadian Dividend Corporate ClassBissett Canadian Equity FundBissett Canadian Equity Corporate ClassBissett Canadian High Dividend FundBissett Canadian High Dividend Corporate ClassBissett Canadian Short Term Bond FundBissett Canadian Short Term Bond Yield ClassBissett Corporate Bond FundBissett Corporate Bond Yield ClassBissett Dividend Income FundBissett Dividend Income Corporate ClassBissett Energy Corporate ClassBissett Microcap FundBissett Small Cap FundBissett Small Cap Corporate ClassBissett Strategic Income FundBissett Strategic Income Corporate ClassBissett U.S. Focus FundBissett U.S. Focus Corporate ClassFranklin Templeton Money Market FundFranklin Templeton Money Market Corporate ClassFranklin Templeton Money Market Yield ClassFranklin Templeton Treasury Bill FundFranklin Bissett All Canadian Focus FundFranklin Bissett All Canadian Focus Corporate ClassFranklin Bissett Bond FundFranklin Bissett Bond Corporate ClassFranklin Bissett Bond Yield ClassFranklin Bissett Canadian Balanced FundFranklin Bissett Canadian Balanced Corporate ClassFranklin Bissett Canadian Dividend FundFranklin Bissett Canadian Dividend Corporate ClassFranklin Bissett Canadian Equity FundFranklin Bissett Canadian Equity Corporate ClassFranklin Bissett Canadian High Dividend FundFranklin Bissett Canadian High Dividend Corporate ClassFranklin Bissett Canadian Short Term Bond FundFranklin Bissett Canadian Short Term Bond Yield ClassFranklin Bissett Corporate Bond FundFranklin Bissett Corporate Bond Yield ClassFranklin Bissett Dividend Income FundFranklin Bissett Dividend Income Corporate ClassFranklin Bissett Energy Corporate ClassFranklin Bissett Microcap FundFranklin Bissett Small Cap FundFranklin Bissett Small Cap Corporate ClassFranklin Bissett Strategic Income FundFranklin Bissett Strategic Income Corporate ClassFranklin Bissett U.S. Focus FundFranklin Bissett U.S. Focus Corporate ClassFranklin Bissett Money Market FundFranklin Bissett Money Market Corporate ClassFranklin Bissett Money Market Yield ClassFranklin Bissett Treasury Bill FundMutual Beacon Fund Franklin Mutual Beacon Fund †††Mutual Beacon Corporate Class Franklin Mutual Beacon Corporate Class †††Mutual Global Discovery FundMutual Global Discovery Corporate ClassQuotential Balanced Growth PortfolioQuotential Balanced Growth Corporate Class PortfolioQuotential Balanced Income PortfolioQuotential Balanced Income Corporate Class PortfolioQuotential Diversified Income PortfolioQuotential Diversified Income Corporate Class PortfolioFranklin Mutual Global Discovery FundFranklin Mutual Global Discovery Corporate ClassFranklin Quotential Balanced Growth PortfolioFranklin Quotential Balanced Growth Corporate Class PortfolioFranklin Quotential Balanced Income PortfolioFranklin Quotential Balanced Income Corporate Class PortfolioFranklin Quotential Diversified Income PortfolioFranklin Quotential Diversified Income Corporate Class PortfolioQuotential Global Growth Portfolio Franklin Quotential Global Growth Portfolio ††Quotential Global Growth Corporate Class Portfolio Franklin Quotential Global Growth Corporate Class Portfolio ††Quotential Growth PortfolioQuotential Growth Corporate Class PortfolioFranklin Quotential Growth PortfolioFranklin Quotential Growth Corporate Class Portfolio

do your clients’portfolios havequotential?FRANKLIN QUOTENTIAL:MANAGED FOR WHAT’S AHEADIn today’s fast-moving world, investors want a portfolio with the flexibilityto adapt as markets change. Yet, as an advisor, you know the benefits ofsticking to a solid long-term plan.Franklin Quotential offers the best of both worlds—a range of managedportfolios strategically designed for the long run, with tactical managementto capitalize on near-term market opportunities while minimizing risks.From high net worth investors to those just beginning to save, FranklinQuotential can help prepare clients’ portfolios for what’s ahead.Learn more at franklintempleton.ca/franklinquotential.Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Pleaseread the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance maynot be repeated.© 2013 Franklin Templeton Investments Corp. All rights reserved.

Franklin Quotential January 31, 2014Franklin Quotential Diversified Income PortfolioEffective July 29, 2013, Quotential Diversified Income Portfolio and Quotential Diversified Income Corporate Class Portfolio were renamed Franklin QuotentialDiversified Income Portfolio and Franklin Quotential Diversified Income Corporate Class Portfolio, respectively.Franklin Multi-Asset StrategiesINVESTMENT OBJECTIVE & STRATEGYHigh current income and some long-term capitalappreciation by investing primarily in a diversified mix ofincome and bond mutual funds.MORNINGSTAR CATEGORYGlobal Fixed Income BalancedRATINGMorningstar Rating OverallPORTFOLIO MANAGERSBrent SmithStephen LingardFUND FACTS23 Years, Florida, United States20 Years, Toronto, CanadaPrice per Unit $4.25Assets of the Fund $2,333,245,667 3MonthlyDistributionSeries T5% target annual distribution 1,2Inception Date 02/17/2003Positions 18Portfolio Turnover Rate (06/30/2013) 11.90%MER (06/30/2013 incl. HST) 1.98%BenchmarkMSCI AC World ($CDN) 5%, S&P/TSXComposite TRI 15%, DEX Universe Bond 55%,Barclays Multiverse hedged 25%1 Target distributions are not guaranteed and may change at the discretion of FranklinTempleton Investments. The Portfolio may also pay capital gains in December if required.2 Please see detailed definitions at www.franklintempleton.ca/define.3 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 3250Series A DSC 3252Series A Low Load 3251Series F 3253Series I 267Series O 170Series S 227Series T Front 384Series T DSC 385Series T Low Load 386CORPORATE CLASS CDN$ US$Series A Front 1022 3515Series A DSC 1024 3517Series A Low Load 1023 3516Series F 1025 3518Series I 1026 3519Series O 1027 3520Series R 3173Series S 3174Series T Front 3170 3595Series T DSC 3172 3597Series T Low Load 3171 3596MAXIMUM DIVERSIFICATION FOR INCOME GENERATION• An income solution for all market conditions. With 18 different income sources, the Portfolio is a welldiversifiedsolution for investors seeking a reliable income stream.• Exposure to domestic and global bonds. This Portfolio offers investors extensive diversification to weatherinterest rate movements and take advantage of pricing and yield differentials between government andcorporate bond issuers.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series T 5.93 6.56 3.30 8.82 15.08 -9.47 -0.61 5.85 6.62 8.78Category Average Return 6.77 6.85 1.79 7.30 13.16 -11.21 -0.22 7.78 5.86 6.54Source: Morningstar Research Inc.20.00%15.00%10.00%5.00%0.00%-5.00%-10.00%-15.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series TCompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series T 1.37 1.37 2.30 5.28 6.20 5.74 8.32 4.82 5.45Category Average Return 1.88 1.88 3.02 6.01 7.74 5.57 8.02 4.25 4.87Source: Morningstar Research Inc.HOLDINGSGeographic Weightings (% of Total)^ Fund inception dateCanada 41.36United States 23.74Japan 3.47United Kingdom 2.77South Korea 2.05Mexico 1.92Ireland 1.51Sweden 1.42Poland 1.27Others 20.48Top Holdings (%)Franklin Bissett Bond Fund, Series O 29.85Templeton Global Bond Fund, Series O 15.10Franklin Bissett Canadian Short Term Bond Fund,Series O 9.84Franklin Strategic Income Fund, Series O 6.05Franklin U.S. Rising Dividends Fund, Series O 5.01iShares Intermediate Credit Bond ETF 4.65Franklin High Income Fund, Series O 4.44Franklin Bissett Canadian Dividend Fund, Series O 4.31FTIF Franklin Mutual European Fund, Series I (Acc) 3.92FTIF Franklin Global Real Estate Fund, Series I 3.62Asset Class Weightings (%)Series T Distribution History• Bonds 58.81• Common Stocks 23.73Investments in Exchange-• Traded Funds 6.97Short-term securities and all• other assets, net 5.44Other assets (of Underlying• Funds) 4.83• Preferred Stocks 0.23Date Price Distr. Date Price Distr.03/28/2013 $4.40 $0.02 09/30/2013 $4.29 $0.0204/30/2013 $4.42 $0.02 10/31/2013 $4.37 $0.0205/31/2013 $4.38 $0.02 11/29/2013 $4.37 $0.0206/28/2013 $4.29 $0.02 12/23/2013 $4.21 $0.1607/31/2013 $4.30 $0.02 12/27/2013 $4.21 $0.0208/30/2013 $4.26 $0.02 01/31/2014 $4.25 $0.02This Portfolio offered in Corporate Class-Series T. With this Portfolio, you can switch seamlessly between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to fine-tune cash flow requirements.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 Investments Corp.3250 FFE 0114For Dealer Use Only. Not For Distribution to the Public. FRANKLIN TEMPLETON INVESTMENTS advisormonthly 1

Franklin Quotential January 31, 2014Franklin Quotential Balanced Income PortfolioEffective July 29, 2013, Quotential Balanced Income Portfolio and Quotential Balanced Income Corporate Class Portfolio were renamed Franklin QuotentialBalanced Income Portfolio and Franklin Quotential Balanced Income Corporate Class Portfolio, respectively.Franklin Multi-Asset StrategiesINVESTMENT OBJECTIVE & STRATEGYA balance of current income and long-term capitalappreciation by investing in a diversified mix of equityand income mutual funds, with a bias towards income.MORNINGSTAR CATEGORYGlobal Neutral BalancedFOR CONSERVATIVE INVESTORS SEEKING PRESERVATION OF CAPITAL• A balanced approach to investing. Franklin Quotential Balanced Income Portfolio is conservatively managedwith a significant weighting in fixed income investments, plus exposure to the growth potential of equities.This combination can help minimize the effects of being fully diversified in the equity market, with thepotential for long-term capital appreciation.• Two-prong global exposure. In addition to its strong Canadian balanced holdings, this Portfolio provides thedeveloped and emerging market global gateway that can take advantage of ever-changing regionalopportunities.RATINGMorningstar Rating OverallPORTFOLIO MANAGERSBrent SmithStephen Lingard23 Years, Florida, United States20 Years, Toronto, CanadaCalendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 10.04 5.78 -1.40 8.61 20.80 -18.44 -0.30 7.71 8.13 8.69Category Average Return 12.62 8.19 -1.72 8.29 16.50 -17.27 -1.12 9.96 6.64 6.55Source: Morningstar Research Inc.FUND FACTSPrice per Unit $7.09Assets of the Fund $1,630,610,878 2MonthlyDistributionSeries T6% target annual distribution 1Inception Date 08/19/2002Positions 29Portfolio Turnover Rate (06/30/2013) 25.96%MER (06/30/2013 incl. HST) 2.11%BenchmarkMSCI AC World ($CDN) 20%, S&P/ TSXComposite TRI 20%, DEX Universe Bond 45%,Barclays Multiverse hedged 15%1 Target distributions are not guaranteed and may change at the discretion of FranklinTempleton Investments. The Portfolio may also pay capital gains in December if required.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 656 3700Series A DSC 657 3702Series A Low Load 640 3701Series F 670 3703Series I 677 3704Series O 683 3705Series R 3068Series S 5502Series T Front 690Series T DSC 691Series T Low Load 641CORPORATE CLASS CDN$ US$Series A Front 1028 3706Series A DSC 1030 3708Series A Low Load 1029 3707Series F 1031 3709Series I 3365 3710Series O 1033 3711Series R 3178Series S 3179Series T Front 3175Series T DSC 3177Series T Low Load 317630.00%20.00%10.00%0.00%-10.00%-20.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 1.00 1.00 3.21 7.83 9.62 5.05 9.14 4.34 4.98Category Average Return 1.06 1.06 3.48 7.93 11.48 6.26 9.64 4.32 4.77Source: Morningstar Research Inc.HOLDINGSGeographic Weightings (% of Total)^ Fund inception dateCanada 38.44United States 24.28Japan 5.13United Kingdom 4.19Mexico 1.74Euro Community 1.61South Korea 1.33Ireland 1.07France 1.05Others 21.16Top Holdings (%)Franklin Bissett Bond Fund, Series O 29.98Templeton Global Bond Fund, Series O 8.33Franklin Strategic Income Fund, Series O 6.00Franklin Bissett Canadian Equity Fund, Series O 4.38Franklin Flex Cap Growth Fund, Series O 4.37FTIF Franklin Mutual European Fund, Series I (Acc) 4.09iShares MSCI Japan ETF 3.28Franklin Bissett Canadian Short Term Bond Fund,Series O 3.27iShares Intermediate Credit Bond ETF 3.17Franklin U.S. Core Equity Fund, Series O 3.01Asset Class Weightings (%)• Bonds 43.82• Common Stocks 34.43Investments in Exchange-• Traded Funds 11.79Short-term securities and all• other assets, net 6.12Other assets (of Underlying• Funds) 3.81• Preferred Stocks 0.03This Portfolio offered in Corporate Class-Series T. With this Portfolio, you can switch seamlessly between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to fine-tune cash flow requirements.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 Investments Corp.656 FFE 01142 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Franklin Quotential January 31, 2014Franklin Quotential Balanced Growth PortfolioEffective July 29, 2013, Quotential Balanced Growth Portfolio and Quotential Balanced Growth Corporate Class Portfolio were renamed Franklin QuotentialBalanced Growth Portfolio and Franklin Quotential Balanced Growth Corporate Class Portfolio, respectively.Franklin Multi-Asset StrategiesINVESTMENT OBJECTIVE & STRATEGYA balance of current income and long-term capitalappreciation by investing in a diversified mix of equityand income mutual funds, with a bias towards capitalappreciation.MORNINGSTAR CATEGORYGlobal Equity BalancedRATINGMorningstar Rating OverallPORTFOLIO MANAGERSBrent SmithStephen Lingard23 Years, Florida, United States20 Years, Toronto, CanadaFUND FACTSPrice per Unit $7.63Assets of the Fund $3,237,713,173 3Monthly8% target annual distribution 1DistributionSeries TInception Date 08/19/2002Positions 29Portfolio Turnover Rate (06/30/2013) 27.16%MER (06/30/2013 incl. HST) 2.28%BenchmarkMSCI AC World ($CDN) 30%, S&P/ TSXComposite TRI 30%, DEX Universe Bond 30%,Barclays Multiverse hedged 10%1 Target distributions are not guaranteed and may change at the discretion of FranklinTempleton Investments. The portfolio may also pay capital gains in December if required.2 Based on AUM.3 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 658Series A DSC 659Series A Low Load 642Series F 671Series I 678Series O 685Series R 3069Series S 5501Series T Front 692Series T DSC 693Series T Low Load 643CORPORATE CLASS CDN$ US$Series A Front 1034Series A DSC 1036Series A Low Load 1035Series F 1037Series I 3364Series O 1039Series R 3183Series S 3184Series T Front 3180Series T DSC 3182Series T Low Load 3181FOR 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 toinvesting by combining a solid foundation of fixed income investments with a significant weighting in equities.This attractive balance helps make it our most popular Franklin Quotential Portfolio. 2• Two-prong global exposure. In addition to its strong Canadian balanced holdings, this Portfolio provides thedeveloped and emerging market global gateway that can take advantage of ever-changing regionalopportunities.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 14.88 6.35 -4.48 9.64 25.45 -25.40 -0.23 9.91 10.56 9.46Category Average Return 18.50 9.34 -4.93 8.71 18.37 -23.20 -2.13 12.61 7.95 6.82Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.66 0.66 3.80 9.87 13.09 5.52 10.62 4.56 5.21Category Average Return 0.53 0.53 3.84 9.81 15.62 6.94 10.79 4.19 4.85Source: Morningstar Research Inc.HOLDINGSGeographic Weightings (% of Total)^ Fund inception dateCanada 33.73United States 25.44Japan 7.16United Kingdom 5.19Euro Community 2.26Mexico 1.53China 1.27France 1.16South Korea 0.97Others 21.30Top Holdings (%)Franklin Bissett Bond Fund, Series O 18.69Franklin Bissett Canadian Equity Fund, Series O 6.22Franklin Flex Cap Growth Fund, Series O 6.18FTIF Franklin Mutual European Fund, Series I (Acc) 5.76Templeton Global Bond Fund, Series O 5.25iShares MSCI Japan ETF 4.66Franklin U.S. Core Equity Fund, Series O 4.24Franklin Bissett All Canadian Focus Fund, Series O 4.23Franklin U.S. Rising Dividends Fund, Series O 3.96Franklin Templeton Canadian Large Cap Fund, SeriesO 3.79Asset Class Weightings (%)• Common Stocks 48.66• Bonds 27.43Investments in Exchange-• Traded Funds 14.15Short-term securities and all• other assets, net 6.14Other assets (of Underlying• Funds) 3.57• Preferred Stocks 0.04This Portfolio offered in Corporate Class-Series T. With this Portfolio, you can switch seamlessly between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to fine-tune cash flow requirements.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 Investments Corp.658 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 3

Franklin Quotential January 31, 2014Franklin Quotential Growth PortfolioEffective July 29, 2013, Quotential Growth Portfolio and Quotential Growth Corporate Class Portfolio were renamed Franklin Quotential Growth Portfolio andFranklin Quotential Growth Corporate Class Portfolio, respectively.Franklin Multi-Asset StrategiesINVESTMENT OBJECTIVE & STRATEGYLong-term capital appreciation by investing primarily ina diversified mix of equity mutual funds, with additionalstability derived from investing in income mutual funds.MORNINGSTAR CATEGORYGlobal Equity BalancedRATINGMorningstar Rating OverallPORTFOLIO MANAGERSBrent SmithStephen LingardFUND FACTS23 Years, Florida, United States20 Years, Toronto, CanadaPrice per Unit $7.29Assets of the Fund $602,846,776 2MonthlyDistributionSeries T8% target annual distribution 1Inception Date 08/19/2002Positions 31Portfolio Turnover Rate (06/30/2013) 31.75%MER (06/30/2013 incl. HST) 2.50%BenchmarkMSCI AC World ($CDN) 45%, S&P/ TSXComposite TRI 35%, DEX Universe Bond 15%,Barclays Multiverse hedged 5%1 Target distributions are not guaranteed and may change at the discretion of FranklinTempleton Investments. The portfolio may also pay capital gains in December if required.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 660 662Series A DSC 661 663Series A Low Load 645 644Series F 672 673Series I 679 680Series O 686 687Series R 3071Series T Front 3053Series T DSC 3055Series T Low Load 3054CORPORATE CLASS CDN$ US$Series A Front 1040 1046Series A DSC 1042 1048Series A Low Load 1041 1047Series F 1043 1049Series I 3372 3373Series O 1045 1051Series S 3189Series T Front 3185Series T DSC 3187Series T Low Load 3186MEDIUM- TO LONG-TERM GROWTH POTENTIAL WITH LESS RISK• Enhanced return potential. By investing in U.S., global and international equities, the Portfolio provides broadexposure 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 isdesigned for growth-oriented investors who want to maintain some income exposure for additional stabilityand diversification.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 19.52 7.56 -7.63 9.80 27.39 -31.11 -1.32 13.34 8.78 7.73Category Average Return 18.50 9.34 -4.93 8.71 18.37 -23.20 -2.13 12.61 7.95 6.82Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.14 0.14 4.19 11.66 16.08 5.83 11.59 3.84 4.48Category Average Return 0.53 0.53 3.84 9.81 15.62 6.94 10.79 4.19 4.85Source: Morningstar Research Inc.HOLDINGSGeographic Weightings (% of Total)^ Fund inception dateUnited States 26.95Canada 24.40Japan 9.12United Kingdom 6.93China 2.37Euro Community 2.16France 1.71Netherlands 1.50Germany 1.46Others 23.40Top Holdings (%)Franklin Bissett Bond Fund, Series O 6.78Franklin Flex Cap Growth Fund, Series O 6.67Franklin Bissett Canadian Equity Fund, Series O 6.52FTIF Franklin Mutual European Fund, Series I (Acc) 5.98iShares MSCI Japan ETF 5.64Franklin World Growth Fund, Series O 5.62Templeton Asian Growth Fund, Series O 4.79Franklin U.S. Core Equity Fund, Series O 4.57Franklin Mutual Global Discovery Fund, Series O 4.54Templeton International Stock Fund, Series O 4.46Asset Class Weightings (%)• Common Stocks 65.80Investments in Exchange-• Traded Funds 14.45• Bonds 10.38Short-term securities and all• other assets, net 6.38Other assets (of Underlying• Funds) 2.76• Preferred Stocks 0.18Investments in Underlying• Funds 0.05This Portfolio offered in Corporate Class-Series T. With this Portfolio, you can switch seamlessly between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to fine-tune cash flow requirements.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 Investments Corp.660 FFE 01144 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Franklin Quotential January 31, 2014Franklin Quotential Diversified Equity PortfolioEffective October 25, 2013, Franklin Quotential Global Growth Portfolio and Franklin Quotential Global Growth Corporate Class Portfolio were renamedFranklin Quotential Diversified Equity Portfolio and Franklin Quotential Diversified Equity Corporate Class Portfolio, respectively.Franklin Multi-Asset StrategiesINVESTMENT OBJECTIVE & STRATEGYLong-term capital appreciation by investing primarily ina diversified mix of equity mutual funds.MORNINGSTAR CATEGORYGlobal EquityGLOBAL DIVERSIFICATION WITH LONG-TERM GROWTH POTENTIAL• Global diversification. The Portfolio invests in global, international and emerging market equity funds toachieve multi-level diversification, thereby reducing risks associated with country- and region-specific funds.The Portfolio’s extensive diversification allows investors to participate in growing markets and investmentopportunities that may otherwise be overlooked.• Correlation identification. Franklin Quotential managers look not only at evolving opportunities but also at howthey will complement the Portfolio’s overall composition and risk-reward profile.RATINGMorningstar Rating OverallPORTFOLIO MANAGERSBrent SmithStephen Lingard23 Years, Florida, United States20 Years, Toronto, CanadaCalendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 28.38 10.03 -8.31 7.33 19.39 -32.91 -2.00 19.76 8.44 8.26Category Average Return 28.39 11.92 -7.10 6.58 16.54 -29.31 -5.04 17.18 7.26 5.74Source: Morningstar Research Inc.FUND FACTSPrice per Unit $8.76Assets of the Fund $383,730,358 2MonthlyDistributionSeries T8% target annual distribution 1Inception Date 06/09/2003Positions 20Portfolio Turnover Rate (06/30/2013) 26.96%MER (06/30/2013 incl. HST) 2.68%BenchmarkMSCI All Country World Index1 Target distributions are not guaranteed and may change at the discretion of FranklinTempleton Investments. The portfolio may also pay capital gains in December if required.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowFUND CODESLow toMediumMediumMedium toHighHighSERIES CDN$ US$Series A Front 255 324Series A DSC 823 824Series A Low Load 821 822Series F 844 855Series I 856 857Series O 858 859Series R 3070Series T Front 3050 3295Series T DSC 3052 3297Series T Low Load 3051 3296CORPORATE CLASS CDN$ US$Series A Front 1052 1058Series A DSC 1054 1060Series A Low Load 1053 1059Series F 1055 1061Series I 1056 1062Series O 1057 1063Series R 3198Series S 3199Series T Front 3195 3298Series T DSC 3197 3300Series T Low Load 3196 329940.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.34 0.34 5.54 14.36 23.38 8.75 12.32 3.91 5.45Category Average Return 0.10 0.10 4.99 12.61 22.96 9.57 12.34 3.58 5.44Source: Morningstar Research Inc.HOLDINGSGeographic Weightings (% of Total)^ Fund inception dateUnited States 33.48Japan 10.81United Kingdom 10.79Canada 5.07China 3.78France 2.89Switzerland 2.82Germany 2.73Netherlands 2.71Others 24.92Top Holdings (%)Franklin World Growth Fund, Series O 15.64Franklin Mutual Global Discovery Fund, Series O 12.63Templeton International Stock Fund, Series O 12.12Templeton Global Smaller Cos. Fund, Series O 6.58Franklin Flex Cap Growth Fund, Series O 6.08iShares MSCI Japan ETF 5.98FTIF Franklin Mutual European Fund, Series I (Acc) 5.86Templeton Asian Growth Fund, Series O 4.79Franklin U.S. Core Equity Fund, Series O 4.19Franklin Bissett All Canadian Focus Fund, Series O 4.04Asset Class Weightings (%)• Common Stocks 79.34Investments in Exchange-• Traded Funds 12.86Short-term securities and all• other assets, net 4.40Other assets (of Underlying• Funds) 1.88• Bonds 0.96• Preferred Stocks 0.42Investments in Underlying• Funds 0.14This Portfolio offered in Corporate Class-Series T. With this Portfolio, you can switch seamlessly between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to fine-tune cash flow requirements.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 Investments Corp.255 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 5

Emerging Markets Equity January 31, 2014Templeton Asian Growth Corporate ClassTempletonINVESTMENT OBJECTIVE & STRATEGYThe objective of this Fund is long-term capitalappreciation by investing primarily in equity securities ofcompanies located in Asia, including, but not limited to,Hong Kong, India, Indonesia, Korea, Malaysia, thePeople’s Republic of China, Pakistan, the Philippines,Singapore, Sri Lanka, Taiwan, Thailand and Vietnam.The Fund can also invest in companies expected tobenefit from developments in the economies of theAsian region, such as Australia, New Zealand andJapan.MORNINGSTAR CATEGORYAsia Pacific ex-Japan EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSMark MobiusAllan LamSteve ChaeJay Choi46 Years, Hong Kong26 Years, Hong Kong15 Years, Seoul, Korea10 Years, Seoul, KoreaFUND FACTSPrice per Unit $9.49Assets of the Fund $212,693,786 3Inception Date 12/31/2010Positions 32Portfolio Turnover Rate (06/30/2013) 2.64%MER (06/30/2013 incl. HST) 3.00%BenchmarkMSCI All Country Asia ex-Japan Index1 India, Indonesia and China (Bloomberg Markets, July 2010).2 Source: OECD Development Centre, working paper no. 285 – The Emerging Middle Classin Developing Countries (January 2010). Note: the “middle class” includes those withincomes above $10.02 and below $100 per capita per day in 2006 PPP prices.3 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESCORPORATE CLASS CDN$ US$Series A Front 3489 3495Series A DSC 3491 3497Series A Low Load 3490 3496Series F 3492 3498Series I 3493 3499Series O 3494 3500REASONS TO INVEST IN THIS FUND:• Asia is one of the top three fastest-growing economies in the G20. 1 More than 80% of global growth indemand is expected to come from Asia’s rapidly growing middle class. 2• Local, on-the-ground presence—the investment team has offices throughout Asia, including Mumbai, KualaLumpur, Singapore, Shanghai, Seoul, Hong Kong and Ho Chi Minh City.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 2.47 15.53 -19.50 n/a n/a n/a n/a n/a n/a n/aCategory Average Return 10.04 16.30 -14.86 n/a n/a n/a n/a n/a n/a n/aSource: Morningstar Research Inc.20.00%10.00%0.00%-10.00%-20.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -0.42 -0.42 -3.56 6.75 -2.97 -1.33 n/a n/a -1.68Category Average Return -1.33 -1.33 -0.01 10.38 6.07 2.68 n/a n/a 2.56Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateChina 32.79India 18.78Thailand 12.53Pakistan 11.23Indonesia 9.85South Korea 4.88Hong Kong 4.24Singapore 3.36Taiwan 2.35Top Holdings (%)Brilliance China Automotive Holdings Ltd 7.33MCB Bank Ltd. 6.34Sesa Sterlite Ltd 5.51Oil & Gas Development Co Ltd 4.73China Vanadium Titano-Magnetite Mining Co Ltd 4.22Aluminum Corp of China Ltd 4.22Bank Danamon Indonesia Tbk PT 4.13China Merchants Bank Co Ltd 3.94Tata Steel Ltd 3.92Siam Commercial Bank PCL 3.84Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 98.65• Cash & Cash Equivalents 1.35Financials 22.82Energy 19.37Materials 18.11Consumer Discretionary 13.42Industrials 11.95Information Technology 7.94Consumer Staples 4.05Health Care 2.35 Read Mark Mobius' blog on FranklinTempleton.caGet first-hand insight into the rapidly changing andgrowing emerging markets from Dr. Mobius andshare his travel experiences as he navigates theworld.Visit franklintempleton.ca today to register.3489 FFE 01146 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Emerging Markets Equity January 31, 2014Templeton BRIC Corporate ClassTempletonINVESTMENT OBJECTIVE & STRATEGYLong-term capital appreciation by investing primarily inequities of companies based in the BRIC countries—Brazil, Russia, India and China (including Hong Kongand Taiwan)—and in companies expected to benefitfrom developments in the economies of the BRICcountries.MORNINGSTAR CATEGORYEmerging Markets EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERMark MobiusFUND FACTS46 Years, Hong KongPrice per Unit $14.42Assets of the Fund $167,614,615 2Inception Date 06/28/2004Positions 56Portfolio Turnover Rate (06/30/2013) 7.96%MER (06/30/2013 incl. HST) 2.95%Benchmark1 Source: IMF, Financial Times, January 2010.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighMSCI BRIC IndexHighFUND CODESCORPORATE CLASS CDN$ US$Series A Front 1076 1081Series A DSC 1078 1083Series A Low Load 1077 1082Series F 1079 1084Series I 3358 3359Series O 1080 1085REASONS TO INVEST IN THIS FUND:• Growing global influence. During the period 2008– 2014, the BRIC nations’ share of global GDP growth isexpected to make up 61%, while that of the G7 nations is expected to be only 13%. 1• Management expertise. The research team, led by world-renowned emerging markets expert Mark Mobius,Ph.D., combines over 43 years of investment experience with in-depth company research and local presencein regional offices worldwide.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A -4.05 7.09 -24.79 11.87 62.62 -48.98 35.71 50.95 5.00 n/aCategory Average Return 2.43 13.17 -19.64 13.11 52.02 -45.12 18.25 33.01 27.81 n/aSource: Morningstar Research Inc.80.00%60.00%40.00%20.00%0.00%-20.00%-40.00%-60.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -3.42 -3.42 -3.09 8.42 -10.60 -8.80 7.51 n/a 4.24Category Average Return -2.25 -2.25 -2.94 5.84 -1.79 -2.08 10.92 n/a 7.42Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateChina 40.17Brazil 23.28Russia 22.88India 13.24United Kingdom 0.25Hong Kong 0.19Top Holdings (%)Ambev SA 9.06China Petroleum & Chemical Corp (Sinopec) 7.05Lukoil OAO 6.44Vale SA 4.51Dongfeng Motor Group Co Ltd 4.25China Construction Bank 4.17Infosys Ltd 3.57Sberbank of Russia 3.52China Mobile Ltd 3.30TMK OAO 3.28Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 99.95• Cash & Cash Equivalents 0.05Energy 25.88Materials 21.08Financials 17.82Consumer Staples 11.32Consumer Discretionary 9.71Information Technology 4.67Industrials 4.00Telecommunication Services 3.30Health Care 2.23 Read Mark Mobius' blog on FranklinTempleton.caGet first-hand insight into the rapidly changing andgrowing emerging markets from Dr. Mobius andshare his travel experiences as he navigates theworld.Visit franklintempleton.ca today to register.For Dealer Use Only. Not For Distribution to the Public.Important notice: Templeton China Corporate Class mandate change. On August 15, 2005, Templeton China Tax Class changed to Templeton BRIC Tax Class(now Templeton BRIC Corporate Class), expanding the Fund’s investment objective to benefit from the economic developments of the BRIC countries: Brazil,Russia, India and China.1076 FFE 0114FRANKLIN TEMPLETON INVESTMENTS advisormonthly 7

Canadian Balanced January 31, 2014Templeton Canadian Balanced FundTempletonINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks high, long-term total return frominterest, dividends and capital gains by investingprimarily in a mix of Canadian equities and fixed incomesecurities. While there is no fixed allocation, typicallythe asset mix is approximately 65% equities, with thebalance in fixed income or money market securities.MORNINGSTAR CATEGORYTactical BalancedRATINGMorningstar Rating OverallPORTFOLIO MANAGERSDon ReedHeather McOuattThomas O'GormanFUND FACTS43 Years, Toronto, Canada19 Years, Calgary, AB Canada24 Years, Calgary, AB CanadaPrice per Unit $9.01Yield to Maturity 2.90%Weighted Average MaturityDuration9.5 Years6.5 YearsYield to Worst 2.77%Duration to Worst6.3 YearsAssets of the Fund $83,335,323 1Inception Date 10/17/1994Positions 172Portfolio Turnover Rate (06/30/2013) 8.76%MER (06/30/2013 incl. HST) 2.58%BenchmarkS&P/TSX Composite TRI 52%, DEX UniverseBond 28%, MSCI World ex Canada TRI 13%, JPMorgan Non-U.S. Government Bond Index 7%1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 212Series A DSC 312Series A Low Load 529Series F 242Series O 122Series T Front 296Series T DSC 297Series T Low Load 539REASONS TO INVEST IN THIS FUND:• Balanced portfolios reduce risk. A mix of Canadian fixed income and equity investments allows investors toparticipate in the growth potential of equities with reduced risk.• Disciplined investment philosophy and approach. The Fund’s equity holdings consist primarily of companieschosen from the “bottom up,” with prices that are low relative to Templeton’s appraisal of their true worth.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 8.43 4.14 -6.35 11.27 28.27 -18.83 -1.40 6.78 7.18 3.40Category Average Return 10.60 5.72 -3.34 9.67 19.96 -18.61 0.75 11.94 9.34 7.66Source: Morningstar Research Inc.30.00%20.00%10.00%0.00%-10.00%-20.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -1.10 -1.10 0.37 5.50 5.13 0.80 8.86 3.24 5.43Category Average Return 0.13 0.13 2.17 6.30 8.49 3.82 9.10 4.61 5.83Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateCanada 92.82Brazil 2.45United States 1.77Zambia 1.43United Kingdom 0.59Supranational 0.32France 0.24Netherlands 0.17Australia 0.11Others 0.11Top Holdings (%)The Toronto-Dominion Bank 4.26Royal Bank of Canada 4.04Talisman Energy Inc. 3.77Husky Energy Inc. 3.73Bank of Nova Scotia 3.39Canadian Natural Resources Ltd. 3.31George Weston Ltd. 2.94Suncor Energy Inc. 2.74Cenovus Energy Inc. 2.74Bombardier Inc., B 2.68Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 76.41• Fixed Income 22.89• Cash & Cash Equivalents 0.70Financials 31.92Energy 27.51Materials 14.17Industrials 8.40Consumer Staples 7.87Consumer Discretionary 3.61Telecommunication Services 3.40Utilities 2.37Health Care 0.75Bond Ratings (%)AAA 18.36 BBB 12.57AA 34.45 NR 5.49A 29.14Did 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 Investments.212 FFE 01148 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Canadian Equity January 31, 2014Templeton Canadian Stock FundTempletonINVESTMENT OBJECTIVE & STRATEGYThe fundamental investment objective of this Fund is toachieve long-term capital appreciation by investingprimarily in Canadian equities.MORNINGSTAR CATEGORYCanadian EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERDon ReedFUND FACTS43 Years, Toronto, CanadaPrice per Unit $13.16Assets of the Fund $80,852,307 1Inception Date 01/03/1989Positions 37Portfolio Turnover Rate (06/30/2013) 4.16%MER (06/30/2013 incl. HST) 2.68%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumS&P/TSX (TR) IndexMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 736Series A DSC 706Series A Low Load 749Series F 746Series O 168REASONS TO INVEST IN THIS FUND:• Global perspective and Canadian equity value approach. The Fund benefits from Templeton’s globalperspective, its hallmark, and its research capabilities help identify Canadian stocks that stand to benefit fromglobal demand.• Fully invested. The Fund looks to identify undervalued companies with a view to holding them for three to fiveyears.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 11.57 5.24 -11.98 13.61 38.91 -30.15 -4.12 8.60 9.90 3.02Category Average Return 16.99 7.98 -9.83 14.26 32.73 -34.54 7.28 15.08 20.32 12.66Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -2.16 -2.16 0.04 6.86 6.09 -0.44 10.51 2.45 5.02Category Average Return -0.06 -0.06 2.98 10.54 13.76 3.95 12.35 6.28 7.81Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateCanada 95.07Brazil 3.11Zambia 1.82Top Holdings (%)Asset Class Weightings (%)• Equity 98.76• Cash & Cash Equivalents 1.24CORPORATE CLASS CDN$ US$Series A Front 325Series A DSC 326Series A Low Load 607Series F 327Series O 329Toronto-Dominion Bank 5.45Talisman Energy Inc 5.45Royal Bank of Canada 5.21Husky Energy Inc 4.86Bank of Nova Scotia 4.52Canadian Natural Resources Ltd 4.31George Weston Ltd 3.82Magellan Aerospace Corp 3.63Suncor Energy Inc 3.47Cenovus Energy Inc. 3.43Top Sector Weightings (% Equity)Financials 32.09Energy 27.82Materials 14.14Industrials 8.51Consumer Staples 7.77Consumer Discretionary 3.50Telecommunication Services 3.37Utilities 2.25Health Care 0.54For Dealer Use Only. Not For Distribution to the Public.736 FFE 0114FRANKLIN TEMPLETON INVESTMENTS advisormonthly 9

Global & International Equity January 31, 2014Templeton EAFE Developed Markets Fund(Formerly Bissett International Equity Fund) 1TempletonINVESTMENT OBJECTIVE & STRATEGYThe objective of this Fund is to achieve long-termcapital appreciation by investing primarily in adiversified portfolio of non-North American equities. Tomeet this objective, the Fund invests in high-qualitycompanies with a value approach—primarily those indeveloped European and Asian countries.MORNINGSTAR CATEGORYInternational EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERPeter MoeschterFUND FACTS21 Years, Toronto, CanadaPrice per Unit $8.79Assets of the Fund $313,257,764 2Inception Date 11/24/2000Positions 70Portfolio Turnover Rate (06/30/2013) 8.14%MER (06/30/2013 incl. HST) 2.77%BenchmarkMSCI EAFE (CAD) INDEX1 On November 29, 2010, Bissett International Equity Fund changed its name to TempletonEAFE Developed Markets Fund.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowFUND CODESLow toMediumMediumMedium toHighHighSERIES CDN$ US$Series A Front 224 805Series A DSC 307 905Series A Low Load 599 606Series F 237 837Series O 105 144REASONS TO INVEST IN THIS FUND:• A good complement to any North American portfolio, for broader international diversification and greater riskadjustedreturn potential.• The Fund invests in leading international companies (located primarily in the EAFE regions—Europe,Australasia and the Far East) by identifying stocks trading at attractive multiples, relative to intrinsic value, toachieve higher returns than the broader market.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 34.72 16.08 -15.24 -4.32 13.11 -32.64 -8.69 25.94 5.45 12.76Category Average Return 26.36 15.82 -13.27 4.05 15.78 -32.99 -5.72 23.28 10.53 10.05Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 2.81 2.81 7.47 19.27 31.05 9.17 10.36 2.52 0.87Category Average Return -0.51 -0.51 3.56 13.48 20.45 7.37 10.90 3.27 1.14Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateUnited Kingdom 16.52Germany 14.82France 13.40Japan 8.95Netherlands 8.68Switzerland 7.50Singapore 4.13Italy 3.68Portugal 3.00Others 19.32Top Holdings (%)ING Group NV 2.28International Consolidated Airlines Group SA 2.26Lloyds Banking Group PLC 2.20Siemens AG 2.07AXA SA 2.07Roche Holding AG 2.06Telefonica SA 2.01Randstad Holding NV 2.01Vodafone Group PLC 1.97Bayer AG 1.96Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 98.12• Cash & Cash Equivalents 1.88Financials 25.27Industrials 18.39Health Care 13.71Telecommunication Services 10.69Consumer Discretionary 9.69Energy 7.02Materials 6.19Information Technology 5.77Consumer Staples 3.28224 FFE 011410 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Emerging Markets Equity January 31, 2014Templeton Emerging Markets FundTempletonINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks long-term capital appreciation byinvesting primarily in equities of companies in emergingmarkets. The Fund may also invest in companies thattrade in emerging markets, or that trade elsewhere inthe world and earn at least 50% of their revenue fromproduction or sales in emerging markets.MORNINGSTAR CATEGORYEmerging Markets EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERMark MobiusFUND FACTS46 Years, Hong KongPrice per Unit $8.76Assets of the Fund $317,703,387 1Inception Date 09/20/1991Positions 69Portfolio Turnover Rate (06/30/2013) 22.70%MER (06/30/2013 incl. HST) 2.94%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMSCI Emerging Markets IndexMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 730 809Series A DSC 731 909Series A Low Load 812 739Series F 741 751Series I 789 799Series O 171 179CORPORATE CLASS CDN$ US$Series A Front 340 342Series A DSC 341 343Series A Low Load 610 613Series F 344 345Series O 348 349REASONS TO INVEST IN THIS FUND:• An opportunity for investors to achieve greater portfolio diversification by investing in developing markets andto capitalize on the strong growth potential of these economies.• Management expertise. The research team, led by world-renowned emerging markets expert Mark Mobius,Ph.D., combines over 43 years of investment experience with in-depth company research and local presencein regional offices worldwide.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A -2.51 12.27 -19.89 13.34 51.66 -43.54 16.35 24.96 23.30 14.59Category Average Return 2.43 13.17 -19.64 13.11 52.02 -45.12 18.25 33.01 27.81 12.05Source: Morningstar Research Inc.60.00%40.00%20.00%0.00%-20.00%-40.00%-60.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -1.46 -1.46 -4.04 4.77 -6.68 -4.38 9.04 5.00 5.72Category Average Return -2.25 -2.25 -2.94 5.84 -1.79 -2.08 10.92 6.29 5.72Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateChina 17.39Brazil 13.15Russia 8.80India 8.69Indonesia 8.55South Korea 8.04Singapore 5.93United Kingdom 5.67Thailand 5.05Others 18.73Top Holdings (%)Samsung Electronics Co Ltd 4.05Vale SA 3.61Keppel Corporation Ltd 2.74Taiwan Semiconductor Manufacturing Co Ltd 2.70Itau Unibanco Holding SA 2.67Travelsky Technology Ltd 2.53Gazprom OAO 2.33Compagnie Financiere Richemont SA 2.29Bank Danamon Indonesia Tbk PT 2.19Bajaj Holdings and Investment Ltd 2.15Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 99.28• Cash & Cash Equivalents 0.72Consumer Staples 23.71Financials 21.35Information Technology 12.43Energy 12.08Industrials 10.28Materials 10.23Consumer Discretionary 7.89Telecommunication Services 2.03 Read Mark Mobius' blog on FranklinTempleton.caGet first-hand insight into the rapidly changing andgrowing emerging markets from Dr. Mobius andshare his travel experiences as he navigates theworld.Visit franklintempleton.ca today to register.For Dealer Use Only. Not For Distribution to the Public.730 FFE 0114FRANKLIN TEMPLETON INVESTMENTS advisormonthly 11

Emerging Markets Equity January 31, 2014Templeton Frontier Markets Corporate ClassEffective June 28, 2013, all series of Templeton Frontier Markets Corporate Class were closed to new investment. May become available at the discretion ofthe Manager.TempletonINVESTMENT OBJECTIVE & STRATEGYLong-term capital appreciation by investing primarily inequity securities of companies located in frontier marketcountries and in companies expected to benefit fromdevelopments in the economies of frontier marketcountries.MORNINGSTAR CATEGORYEmerging Markets EquityPORTFOLIO MANAGERMark MobiusFUND FACTS46 Years, Hong KongPrice per Unit $13.63Assets of the Fund $85,808,078 1Inception Date 07/18/2011Positions 72Portfolio Turnover Rate (06/30/2013) 15.86%MER (06/30/2013 incl. HST) 3.12%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMSCI Frontier Markets IndexMedium toHighHighFUND CODESCORPORATE CLASS CDN$ US$Series A Front 3529 3534Series A DSC 3531 3536Series A Low Load 3530 3535Series F 3532 3537Series O 3533 3538REASONS TO INVEST IN THIS FUND:• Frontier market economies are growing rapidly. Frontier markets are a subset of emerging markets, andthese smaller economies have outpaced the growth of emerging market countries and developed countries inmost time periods during the last two decades.• Management expertise. Dr. Mark Mobius leads an investment team comprising 26 nationalities with localknowledge and expertise working in 19 offices in Latin America, Africa, Eastern Europe and Asia.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 24.44 18.85 n/a n/a n/a n/a n/a n/a n/a n/aCategory Average Return 2.43 13.17 n/a n/a n/a n/a n/a n/a n/a n/aSource: Morningstar Research Inc.25.00%20.00%15.00%10.00%5.00%0.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 2.17 2.17 8.87 15.41 19.56 n/a n/a n/a 12.86Category Average Return -2.25 -2.25 -2.94 5.84 -1.79 n/a n/a n/a -0.89Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateQatar 10.39Nigeria 10.18Vietnam 6.76Saudi Arabia 6.63Romania 6.52United Arab Emirates 6.32Kazakhstan 5.78Egypt 4.97Ukraine 4.28Others 38.17Top Holdings (%)OMV Petrom SA 3.97Ooredoo QSC 3.91Industries Qatar 3.89Dragon Oil PLC 3.53First Gulf Bank 3.37Zenith Bank PLC 3.33Kazmunaigas Exploration Production 3.07FBN Holdings PLC 2.72Saudi Basic Industries Corp 2.49Commercial Bank of Qatar 2.20Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 96.22• Cash & Cash Equivalents 3.78Financials 27.49Energy 19.45Materials 15.60Telecommunication Services 15.12Consumer Staples 8.74Industrials 7.98Consumer Discretionary 3.38Health Care 1.98Information Technology 0.26 Read Mark Mobius' blog on FranklinTempleton.caGet first-hand insight into the rapidly changing andgrowing emerging markets from Dr. Mobius andshare his travel experiences as he navigates theworld.Visit franklintempleton.ca today to register.3529 FFE 011412 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Global Balanced January 31, 2014Templeton Global Balanced Fund(Formerly Templeton Global Income Fund) 1TempletonINVESTMENT OBJECTIVE & STRATEGYThe Fund seeks current income while maintainingprospects for capital appreciation by investing primarilyin debt and equity securities issued around the world.MORNINGSTAR CATEGORYTactical BalancedRATINGMorningstar Rating OverallPORTFOLIO MANAGERSLisa MyersMichael HasenstabFUND FACTS17 Years, Nassau, Bahamas19 Years, California, United StatesPrice per Unit $8.25Yield to Maturity 8.44%Weighted Average MaturityDuration5.0 Years3.4 YearsYield to Worst 8.26%Duration to Worst3.3 YearsAssets of the Fund $178,357,172 5MonthlyDistributionSeries T6% target annual distribution 2,3Inception Date 12/12/2005Positions 232Portfolio Turnover Rate (06/30/2013) 12.86%MER (06/30/2013 incl. HST) 2.49%BenchmarkMSCI All Country World (CDN$) 50% , BarclaysMultiverse (CDN$) 50%1 On June 25, 2012, Templeton Global Income Fund changed its name to Templeton GlobalBalanced Fund.2 Target distributions are not guaranteed and may change at the discretion of FranklinTempleton Investments. The Fund may also pay capital gains in December if required.3 Please see detailed definitions at www.franklintempleton.ca/define.4 Source: Bloomberg as of December 31, 2008, based on GDP.5 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 3240 3245Series A DSC 3242 3247Series A Low Load 3241 3246Series F 2039 2044Series O 2040 2045Series S 3442Series T Front 2036 2041Series T DSC 2038 2043Series T Low Load 2037 2042REASONS TO INVEST IN THIS FUND:• A balanced global asset mix. With 98% of the world’s equity and fixed income markets located outside ofCanada, 4 Templeton Global Balanced Fund’s perspective offers a broad selection of investment opportunitiesand enhanced return potential, while lowering volatility and providing consistent performance.• Now available in Flexible Series T! Investors seeking consistent cash flow can benefit from monthly, taxefficientReturn of Capital payments tailored to suit their needs.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series T 20.32 12.45 -3.55 7.19 8.94 -10.45 -7.19 20.05 n/a n/aCategory Average Return 10.60 5.72 -3.34 9.67 19.96 -18.61 0.75 11.94 n/a n/aSource: Morningstar Research Inc.30.00%20.00%10.00%0.00%-10.00%-20.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series TCompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series T 1.36 1.36 4.29 11.23 17.17 9.08 9.58 n/a 5.58Category Average Return 0.13 0.13 2.17 6.30 8.49 3.82 9.10 n/a 4.35Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateUnited States 24.99United Kingdom 9.23France 8.01Mexico 6.78Germany 4.93Japan 4.22Switzerland 4.04Brazil 3.87Netherlands 3.39Others 30.54Top Holdings (%)Government of Mexico, 7.25%, 12/15/16 3.90BNP Paribas SA 1.46Government of Mexico, 8.00%, 12/17/15 1.39Credit Suisse Group AG 1.19Government of Ukraine, Senior Note, Reg S, 7.50%,4/17/23 1.07Nissan Motor Co. Ltd. 1.03Nota Do Tesouro Nacional, 9.76177%, 1/01/17 1.02Telefonica SA 0.99Macy's Inc. 0.98AXA SA 0.97Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 62.32• Fixed Income 21.49• Cash & Cash Equivalents 16.19Financials 21.32Consumer Discretionary 15.08Health Care 12.79Information Technology 11.27Energy 10.95Industrials 10.09Materials 6.08Consumer Staples 6.00Telecommunication Services 4.47Utilities 1.95Series T Distribution HistoryDate Price Distr. Date Price Distr.03/28/2013 $7.55 $0.04 09/30/2013 $7.80 $0.0404/30/2013 $7.66 $0.04 10/31/2013 $8.11 $0.0405/31/2013 $7.83 $0.04 11/29/2013 $8.23 $0.0406/28/2013 $7.59 $0.04 12/19/2013 $8.11 $0.0907/31/2013 $7.71 $0.04 12/27/2013 $8.22 $0.0408/30/2013 $7.67 $0.04 01/31/2014 $8.25 $0.04Bond Ratings (%)AAA 2.66 BB 6.35AA 3.69 B 10.11A 35.06 CCC 13.27BBB 28.86 NR 0.00Did 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 Investments.3240 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 13

Global Fixed Income January 31, 2014Templeton Global Bond FundTempletonINVESTMENT OBJECTIVE & STRATEGYThe fundamental investment objective of the Fund is toachieve high current income with capital appreciationby investing primarily in fixed income securities andpreferred shares issued around the world. The Fundmay not invest more than 25% of the total value of theinvested assets (excluding cash) in a particularindustry.MORNINGSTAR CATEGORYGlobal Fixed IncomeRATINGMorningstar Rating OverallPORTFOLIO MANAGERSMichael HasenstabSonal Desai19 Years, California, United States20 Years, California, United StatesFUND FACTSPrice per Unit $9.79Yield to Maturity 3.42%Weighted Average Maturity2.4 YearsDuration1.4 YearsYield to Worst 3.42%Duration to Worst1.4 YearsAssets of the Fund $2,150,522,646 6Distributions Interest income paid monthly 1,2Inception Date 07/15/1988Positions 154Portfolio Turnover Rate (06/30/2013) 3.11%MER (06/30/2013 incl. HST) 2.19%BenchmarkJP Morgan Global Government Bond Index1 Please see detailed definitions at www.franklintempleton.ca/define.2 The Fund may also pay capital gains in December if required.3 Source: Bank for International Settlements, as of December 2009.4 Excludes holdings in short-term securities.5 Sources: S&P and Moody’s. Ratings apply to bond holdings only.6 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 704 803Series A DSC 734 903Series A Low Load 674 684Series F 257 258Series I 254 256Series O 259 260REASONS TO INVEST IN THIS FUND:• Reduces portfolio volatility. Adding foreign fixed income investments to a portfolio can spread investment riskover many different geographic regions and sectors, resulting in reduced portfolio risk.• Global perspective broadens choice. With 98% of the world’s fixed income market outside of Canada, theFund provides access to a broad range of interest rates, currency and sovereign credit opportunities. 3Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 2.64 7.74 0.56 8.28 4.00 24.06 -6.50 13.38 -7.93 3.50Category Average Return 1.20 5.97 5.15 3.46 -0.50 15.26 -4.46 3.76 -6.45 1.70Source: Morningstar Research Inc.25.00%20.00%15.00%10.00%5.00%0.00%-5.00%-10.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 2.36 2.36 3.23 6.08 4.89 4.68 4.85 4.64 5.70Category Average Return 2.99 2.99 3.14 5.34 4.44 5.12 4.05 2.43 5.03Source: Morningstar Research Inc.HOLDINGS^ Fund inception dateTop Country Weightings (% of Total) 4South Korea 10.33Ireland 9.51Mexico 9.47Sweden 7.90Poland 7.69Singapore 6.06Malaysia 5.58Brazil 4.69Others 19.66Cash & Cash Equivalents 19.11Top Holdings (%) 4Government of Sweden, 6.75%, 5/05/14 4.66Government of Mexico, 9.50%, 12/18/14 3.47Government of Canada, 1.00%, 11/01/14 2.88Government of Ireland, 5.90%, 10/18/19 2.78Government of Ireland, 5.00%, 10/18/20 2.34Korea Monetary Stabilization Bond, Senior Note,2.90%, 12/02/15 2.22Government of Poland, 5.75%, 4/25/14 2.10Korea Monetary Stabilization Bond, Senior Note,2.74%, 2/02/15 2.05Kommuninvest I Sverige AB, 2.25%, 5/05/14 1.46Government of Poland, Strip, 1/25/16 1.41Duration (%)0 to 1 Year 57.811 to 2 Years 10.612 to 3 Years 5.533 to 5 Years 8.655 to 7 Years 12.757 to 10 Years 1.7410 to 15 Years 0.2915 to 20 Years -1.67Offset Derivatives 4.28Series A Distribution HistoryDate Price Distr. Date Price Distr.02/28/2013 $9.92 $0.03 08/30/2013 $9.38 $0.0303/28/2013 $9.77 $0.03 09/30/2013 $9.37 $0.0304/30/2013 $9.80 $0.03 10/31/2013 $9.57 $0.0305/31/2013 $9.72 $0.03 11/29/2013 $9.57 $0.0306/28/2013 $9.58 $0.03 12/19/2013 $9.59 $0.0407/31/2013 $9.39 $0.03 01/31/2014 $9.79 $0.03Bond Ratings (%) 5AAA 21.83 BB 5.15AA 12.61 B 2.08A 28.16 CCC 3.72BBB 26.44Templeton Global Bond Fund Awards. Morningstar Research Inc., as of November 28, 2013. All Rights Reserved.Templeton Global Bond Fund Series A Named Best Global Fixed Income Fund [Canada] in 2013, 2011, 2010,2009, 2008 and 2007. In 2007, 2008, 2009, 2010, 2011 and 2013 there were 57, 62, 68, 78, 95 and 136 fundsconsidered for the category award, respectively.704 FFE 011414 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

investmentexcellencerecognizedFIXED-INCOME FUND MANAGER OF THE YEARMichael Hasenstab, Ph.D. & Sonal Desai, Ph.D.– and –BEST GLOBAL FIXED-INCOME FUNDTempleton Global Bond FundLearn more at franklintempleton.ca/awards.Morningstar Awards 2013 ©. Morningstar, Inc. All Rights Reserved. The information contained herein is proprietary to Morningstar and/or its contentproviders; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providersare responsible for any damages or losses arising from any use of this information. Fixed-Income Fund Manager of the Year, Canada awardedto Michael Hasenstab, Ph.D. & Sonal Desai, Ph.D. Best Global Fixed-Income Fund, Canada, awarded to Templeton Global Bond Fund Series A.For further information about the Morningstar Awards, please visit http://www.investmentawards.com/awards/methodology.Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read theprospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.© 2013 Franklin Templeton Investments Corp. All rights reserved.

Global Fixed Income January 31, 2014Templeton Global Bond Fund (Hedged)TempletonINVESTMENT OBJECTIVE & STRATEGYThe fund seeks to achieve high current income withcapital appreciation by investing substantially all of itsassets in units of Templeton Global Bond Fund (the"Underlying Fund"). The fund invests in derivatives toattempt to eliminate the impact of currency fluctuationsbetween the U.S. and Canadian dollars.MORNINGSTAR CATEGORYGlobal Fixed IncomePORTFOLIO MANAGERSMichael HasenstabSonal DesaiFUND FACTS 219 Years, California, United States20 Years, California, United StatesPrice per Unit $9.76Yield to Maturity 3.42%Weighted Average MaturityDuration2.4 Years1.4 YearsYield to Worst 3.42%Duration to Worst1.4 YearsAssets of the Fund $57,225,284Distributions Interest income paid quarterly 3,4Inception Date 08/19/2013Positions 2 154BenchmarkJPM Global GBI Traded (Hedged to CAD)1 Awards presented to Templeton Global Bond Fund Series A.2 The Fund’s performance is linked to the performance of units invested in Templeton GlobalBond Fund (the Underlying Fund). The holdings listed are an outline of the investmentsheld in the Underlying Fund. The Fund holds forward contracts to hedge as completely aspossible against fluctuations caused by changes in exchange rates between the U.S. andCanadian dollars.3 Target distributions are not guaranteed and may change at the discretion of FranklinTempleton Investments. The Fund may also pay capital gains in December if required.4 Please see detailed definitions at www.franklintempleton.ca/define.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 3712Series A DSC 3714Series A Low Load 3713Series F 3715Series I 3716Series O 3717REASONS TO INVEST IN THIS FUND:• Referencing a winner. Templeton Global Bond Fund (Hedged) references the performance of TempletonGlobal Bond Fund, which was named the Best Global Fixed Income Fund at the Canadian InvestmentAwards in 2007, 2008, 2009, 2010 and 2011 and the Lipper Fund Awards Canada in 2009, 2010 and 2011,over 5 and 10 years. 1• Diversification. Global fixed income offers investors an attractive option for overall portfolio diversificationthrough low correlations with other major asset classes.• Flexibility beyond borders. Having the flexibility to invest globally in any country or currency, includingemerging markets, allows the global bond investment team to take advantage of prevailing macroeconomictrends, opportunities in interest rates, currencies and sovereign credit to create a competitive advantage.• Currency hedge benefits. Templeton Global Bond Fund can invest in any currency but transacts primarily inU.S. dollars. The US $-CDN $ hedge used by Templeton Global Bond Fund (Hedged) is expected to reducepotential currency exchange risk and is designed to attempt to deliver U.S. investor-equivalent performanceto Canadian investors.• Active Management. The team seeks opportunities across three independent sources of alpha: interest rates,currencies and sovereign credit.Compounded Returns and Category Returns in Canadian Dollars (%) 2YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -2.21 -2.21 -2.90 n/a n/a n/a n/a n/a -0.01Category Average Return 2.99 2.99 3.14 n/a n/a n/a n/a n/a 6.22Source: Morningstar Research Inc.HOLDINGS^ Fund inception dateTop Country Weightings (% of Total) 2South Korea 10.33Ireland 9.51Mexico 9.47Sweden 7.90Poland 7.69Singapore 6.06Malaysia 5.58Brazil 4.69Others 19.66Cash & Cash Equivalents 19.11Top Holdings (%) 2Government of Sweden, 6.75%, 5/05/14 4.66Government of Mexico, 9.50%, 12/18/14 3.47Government of Canada, 1.00%, 11/01/14 2.88Government of Ireland, 5.90%, 10/18/19 2.78Government of Ireland, 5.00%, 10/18/20 2.34Korea Monetary Stabilization Bond, Senior Note,2.90%, 12/02/15 2.22Government of Poland, 5.75%, 4/25/14 2.10Korea Monetary Stabilization Bond, Senior Note,2.74%, 2/02/15 2.05Kommuninvest I Sverige AB, 2.25%, 5/05/14 1.46Government of Poland, Strip, 1/25/16 1.41Duration (%)0 to 1 Year 57.811 to 2 Years 10.612 to 3 Years 5.533 to 5 Years 8.655 to 7 Years 12.757 to 10 Years 1.7410 to 15 Years 0.2915 to 20 Years -1.67Offset Derivatives 4.28Bond Ratings (%) 2AAA 21.83 BB 5.15AA 12.61 B 2.08A 28.16 CCC 3.72BBB 26.443712 FFE 011416 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Global & International Equity January 31, 2014Templeton Global Smaller Companies Fund(Reopened to new investors effective October 27, 2008)TempletonINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks long-term capital appreciation byinvesting primarily in securities of smaller companiesaround the world. In order to meet its objectives, theFund focuses on those companies with a marketcapitalization of less than US$2.5 billion.MORNINGSTAR CATEGORYGlobal Small/Mid Cap EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERMartin CobbFUND FACTS21 Years, Toronto, CanadaPrice per Unit $21.52Assets of the Fund $842,775,486 1Inception Date 01/03/1989Positions 82Portfolio Turnover Rate (06/30/2013) 19.95%MER (06/30/2013 incl. HST) 2.68%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMSCI AC World Small Cap IndexMedium toHighHighREASONS TO INVEST IN THIS FUND:• Investing early in tomorrow’s leading companies. The Fund is broadly diversified by country and sector withsmall-cap stocks from around the globe, making it an ideal choice to provide greater global diversification incapitalization exposure to your portfolio.• Not your typical small-cap fund. The Fund follows a proven disciplined value approach that was pioneered bySir John Templeton more than 50 years ago.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 32.65 11.53 -22.86 18.10 51.18 -38.79 -7.37 24.78 -2.34 10.78Category Average Return 26.73 4.68 -15.67 17.01 31.20 -35.98 -5.03 19.83 11.51 11.98Source: Morningstar Research Inc.60.00%40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series A • Category Average ReturnCompounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 1.08 1.08 6.11 13.62 26.20 5.11 17.48 4.05 8.37Category Average Return 1.96 1.96 7.18 15.29 24.13 4.40 13.28 4.21 9.00Source: Morningstar Research Inc. ^ Fund inception dateHOLDINGSTop Country Weightings (% Equity)Asset Class Weightings (%)FUND CODESSERIES CDN$ US$Series A Front 707 806Series A DSC 737 906Series A Low Load 694 695Series F 747 754Series I 787 798Series O 169 178CORPORATE CLASS CDN$ US$Series A Front 330 332Series A DSC 331 333Series A Low Load 608 609Series F 334 335Series I 336 337Series O 338 339United States 26.34United Kingdom 16.35Japan 7.64China 6.52Germany 5.86Hong Kong 5.71Canada 4.98Italy 3.64Singapore 2.50Others 20.45Top Holdings (%)Hudbay Minerals Inc 2.37Iida Group Holdings Co Ltd 2.36Brocade Communications Systems Inc 2.33Homeserve 2.17Stillwater Mining Co 2.02Hibbett Sports Inc 2.00Techtronic Industries Co. Ltd 1.96African Minerals Ltd 1.95Kobayashi Pharmaceutical Co. Ltd. 1.88Just Retirement Group PLC 1.87Top Sector Weightings (% Equity)• Equity 94.75• Cash & Cash Equivalents 5.25Consumer Discretionary 23.96Financials 15.79Industrials 13.47Health Care 12.48Information Technology 9.14Materials 8.43Energy 7.84Consumer Staples 6.88Utilities 2.01For Dealer Use Only. Not For Distribution to the Public.707 FFE 0114FRANKLIN TEMPLETON INVESTMENTS advisormonthly 17

Global & International Equity January 31, 2014Templeton Growth Fund, Ltd.TempletonINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks to achieve long-term capitalappreciation by investing primarily in equity securities ofcompanies around the world and fixed incomesecurities issued by governments or companies of anycountry. The Fund may invest in any country or industryin any proportion. The Fund's Series A (Hedged) seeksto minimize the impact of currency fluctuations.MORNINGSTAR CATEGORYGlobal EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSLisa MyersNorman BoersmaTucker ScottJames Harper17 Years, Nassau, Bahamas28 Years, Nassau, Bahamas22 Years, Nassau, Bahamas21 Years, Nassau, BahamasFUND FACTSPrice per Unit $14.20Assets of the Fund $1,622,586,685 1Inception Date 11/29/1954Positions 94Portfolio Turnover Rate (04/30/2013) 15.51%MER (04/30/2013 incl. HST) 2.52%BenchmarkMSCI World Index1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 700 702Series A DSC 732 102Series A Low Load 648 649Series A (Hedged) Front 3623Series A (Hedged) DSC 3625Series A (Hedged) Low Load 3624Series F 740 750Series I 780 795Series O 165 175CORPORATE CLASS CDN$ US$Series A Front 350 351Series A DSC 352 353Series A Low Load 614 615Series F 354 355Series I 356 357Series O 358 359REASONS TO INVEST IN THIS FUND:• The global investment solution for any portfolio, with a strong long-term performance record backed by timetestedresearch discipline.• A team approach to value investing. Templeton’s global research team of more than 30 investmentprofessionals is on the ground uncovering the best undervalued opportunities around the world.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 35.72 14.35 -5.04 2.77 11.26 -30.02 -6.66 21.32 4.82 8.01Category Average Return 28.39 11.92 -7.10 6.58 16.54 -29.31 -5.04 17.18 7.26 5.74Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 1.00 1.00 6.05 15.82 29.56 12.67 13.40 3.64 11.97Category Average Return 0.10 0.10 4.99 12.61 22.96 9.57 12.34 3.58 n/aSource: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateUnited States 41.69United Kingdom 14.25France 6.34Switzerland 6.17Japan 5.03Netherlands 4.07Germany 3.48South Korea 2.83Hong Kong 2.60Others 13.54Top Holdings (%)Kingfisher PLC 2.24Lloyds Banking Group PLC 2.06Gilead Sciences Inc 2.01Credit Suisse Group AG 1.92CVS Caremark Corp. 1.92Vodafone Group PLC 1.87Morgan Stanley 1.84BNP Paribas SA 1.83ING Group NV 1.82Roche Holding AG 1.81Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 99.67• Cash & Cash Equivalents 0.33Financials 22.96Health Care 17.81Consumer Discretionary 12.97Energy 11.65Information Technology 11.43Industrials 10.98Consumer Staples 5.32Materials 3.59Telecommunication Services 3.29700 FFE 011418 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Global & International Equity January 31, 2014Templeton International Stock FundTempletonINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks to achieve long-term capitalappreciation by investing primarily in equity securities ofcompanies outside Canada and the United States. TheFund may invest in any number of companies from onecountry or industry.MORNINGSTAR CATEGORYInternational EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERDon ReedFUND FACTS43 Years, Toronto, CanadaPrice per Unit $17.18Assets of the Fund $780,071,406 1Inception Date 01/03/1989Positions 61Portfolio Turnover Rate (06/30/2013) 8.89%MER (06/30/2013 incl. HST) 2.60%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighMSCI EAFE IndexHighFUND CODESSERIES CDN$ US$Series A Front 735 804Series A DSC 705 904Series A Low Load 742 744Series F 745 753Series I 785 797Series O 167 177Series T Front 770Series T DSC 771Series T Low Load 748CORPORATE CLASS CDN$ US$Series A Front 360 362Series A DSC 361 363Series A Low Load 616 617Series F 364 365Series I 366 367Series O 368 369Series T Front 3164Series T DSC 3166Series T Low Load 3165REASONS TO INVEST IN THIS FUND:• A long history of successful fundamental stock selection across international markets, concentrating on highconvictionnames filtered through a disciplined research process.• On a since-inception basis, the Fund has rewarded investors with impressive cumulative outperformanceagainst the benchmark and peer group average.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 25.55 13.88 -11.78 0.38 20.44 -36.09 -0.07 28.15 8.20 10.16Category Average Return 26.36 15.82 -13.27 4.05 15.78 -32.99 -5.72 23.28 10.53 10.05Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -0.46 -0.46 3.56 15.33 19.71 6.77 10.62 3.43 6.40Category Average Return -0.51 -0.51 3.56 13.48 20.45 7.37 10.90 3.27 5.32Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateUnited Kingdom 15.55China 11.00Japan 9.15Germany 7.75Netherlands 7.71Switzerland 7.13France 7.05Italy 5.67Norway 4.22Others 24.78Top Holdings (%)China Telecom Corp Ltd 3.43Telenor ASA 2.64Vodafone Group PLC 2.63Credit Suisse Group AG 2.62Randstad Holding NV 2.58Konica Minolta Inc 2.51Haier Electronics Group Co Ltd 2.23Akzo Nobel NV 2.18Intesa Sanpaolo SpA 2.17Bayer AG 2.14Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 99.90• Cash & Cash Equivalents 0.10Financials 21.61Health Care 15.13Telecommunication Services 13.41Industrials 13.05Energy 11.00Consumer Discretionary 8.96Materials 7.95Information Technology 4.90Consumer Staples 3.98This Fund offered in Corporate Class-Series T. With this Fund, you can switch seamlessly between Corporate Class-Series A—to maximize tax-deferred compoundgrowth—and Corporate Class-Series T, to fine-tune cash flow requirements.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 Investments.735 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 19

U.S. Equity January 31, 2014Franklin Flex Cap Growth FundFranklinINVESTMENT OBJECTIVE & STRATEGYThe Fund seeks capital appreciation by investingprimarily in U.S. equities demonstrating acceleratinggrowth, increasing profitability or above-average growthor growth potential compared to the overall economy.The Fund may also invest up to 25% of total assets inother countries.MORNINGSTAR CATEGORYUS EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSConrad HerrmannMatthew MobergRobert StevensonFUND FACTS31 Years, California, United States16 Years, California, United States11 Years, California, United StatesPrice per Unit $15.08Assets of the Fund $406,147,969 1Inception Date 04/14/1997Positions 147Portfolio Turnover Rate (06/30/2013) 34.15%MER (06/30/2013 incl. HST) 2.54%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumRussell 3000 Growth IndexMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 214 814Series A DSC 314 914Series A Low Load 573 574Series F 244 834Series O 124 133CORPORATE CLASS CDN$ US$Series A Front 985 987Series A DSC 986 988Series A Low Load 807 808Series F 989 990Series O 993 994REASONS 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 oftime.• Demonstrated drivers of growth. Each security on the buy list must have a clear growth advantage, such asmarket opportunity, competitive positioning, strong management or financial strength and profitability, anddemonstrate an appropriate trade-off between risk and potential return.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 43.61 4.51 -4.00 7.87 12.83 -22.47 -6.38 5.65 0.27 3.69Category Average Return 38.71 10.60 -1.01 9.54 11.24 -28.23 -9.20 11.19 2.07 2.14Source: Morningstar Research Inc.60.00%40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 3.43 3.43 11.68 23.70 42.00 13.70 13.78 3.09 4.77Category Average Return 0.86 0.86 8.09 14.85 32.70 14.33 15.09 3.10 4.21Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateUnited States 97.65Netherlands 1.21Canada 1.14Top Holdings (%)Google Inc 3.14Apple Inc. 2.47Gilead Sciences Inc 2.27Mastercard Inc 2.23Actavis PLC 1.95Ecolab Inc 1.79Visa Inc 1.70Biogen Idec Inc 1.65Qualcomm Inc 1.63Amazon.Com Inc 1.62Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 97.99• Cash & Cash Equivalents 2.01Information Technology 29.43Consumer Discretionary 20.61Industrials 17.61Health Care 13.51Financials 6.66Materials 4.29Energy 3.68Consumer Staples 3.20Telecommunication Services 0.80Utilities 0.21Important notice: Effective June 6, 2008, Franklin U.S. Small-Mid Cap Growth Fund changed its name to Franklin Flex Cap Growth Fund. This was done to reflectthe Fund’s expanded mandate. Also on that date, Franklin Flex Cap Growth Corporate Class began investing primarily in units of Franklin Flex Cap Growth Fund,and Franklin U.S. Small-Mid Cap Growth Corporate Class merged into the former.214 FFE 011420 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Global Fixed Income January 31, 2014Franklin High Income FundFranklinINVESTMENT OBJECTIVE & STRATEGYThe Fund seeks high current income and some longtermcapital appreciation by investing primarily in highyield,lower-rated debt securities issued in the UnitedStates and throughout the world.MORNINGSTAR CATEGORYHigh Yield Fixed IncomeRATINGMorningstar Rating OverallPORTFOLIO MANAGERSChris MolumphyEric Takaha27 Years, California, United States24 Years, California, United StatesFUND FACTSPrice per Unit $6.68Yield to Maturity 1 7.22%Weighted Average Maturity 13.7 YearsDuration3.4 YearsYield to Worst 1 6.24%Duration to Worst 22.9 YearsAssets of the Fund $162,861,290 6Distributions Interest income paid monthly 1,3Inception Date 02/17/2003Positions 199Portfolio Turnover Rate (06/30/2013) 14.91%MER (06/30/2013 incl. HST) 2.51%BenchmarkCredit Suisse High Yield Index1 Please see detailed definitions at www.franklintempleton.ca/define.2 Uses effective duration for MBS/ABS securities, uses 90-day average reset periodassumed for all bank loans and for duration of bank loans and uses zero duration forcertain convertible preferred stock.3 The Fund may also pay capital gains in December if required.4 Includes issues in default as well as issues which have missed payments but may not be intechnical default. May not include other issues for which interest receivables have beenreversed but have not yet missed coupon/ principal payments or filed for bankruptcy.5 May include currency forwards and common/warrants.6 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 186 187Series A DSC 188 189Series A Low Load 190 191Series F 228 262Series I 3380 3381Series O 172 149REASONS TO INVEST IN THIS FUND:• Enhances fixed income portfolio diversification. High-yield bond funds tend to have low correlations with otherasset classes, improving portfolio efficiency.• Breadth of research. The Fund is supported by a team of 19 high-yield specialists, and further leverages theexpertise of more than 100 investment professionals from the Franklin Templeton Fixed Income Group.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 7.51 13.74 2.95 10.81 35.11 -23.17 -7.77 7.55 -1.79 1.21Category Average Return 4.75 11.23 2.66 10.50 27.60 -15.46 -1.70 7.55 1.04 6.07Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.95 0.95 1.97 4.80 6.97 7.51 12.58 3.25 3.98Category Average Return 1.71 1.71 2.58 5.01 5.58 6.23 10.95 4.85 5.55Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateUnited States 76.09Canada 3.80Luxembourg 3.56United Kingdom 2.49Australia 1.79Netherlands 1.30Italy 1.13Bermuda 1.07Others 1.29Cash & Cash Equivalents 7.48Top Holdings (%)Sprint Corp 2.55HCA Inc 2.35Ally Bank 1.87Reynolds Group Issuer Inc / Re 1.82Intelsat Jackson Holdings SA 1.82CIT Group Inc 1.68Caesars Entertainment 1.42SLM Corp 1.41Dish DBS Corp 1.40Chesapeake Energy Corp 1.39Asset Class Weightings (%)Series A Distribution History• Fixed Income 91.67• Cash & Cash Equivalents 7.48• Equity 0.84Date Price Distr. Date Price Distr.02/28/2013 $6.63 $0.04 08/30/2013 $6.46 $0.0403/28/2013 $6.67 $0.04 09/30/2013 $6.49 $0.0404/30/2013 $6.74 $0.04 10/31/2013 $6.63 $0.0305/31/2013 $6.67 $0.04 11/29/2013 $6.63 $0.0306/28/2013 $6.45 $0.04 12/19/2013 $6.63 $0.0207/31/2013 $6.55 $0.04 01/31/2014 $6.68 $0.03Bond Ratings (%)BBB 0.78 CCC 4 23.26BB 33.14 NR 5 0.00B 42.62 Other 0.20186 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 21

Global Balanced January 31, 2014Franklin Income FundFranklinINVESTMENT OBJECTIVE & STRATEGYThe fund seeks to maximize income, while maintainingprospects for capital appreciation, by investing in adiversified portfolio of dividend-paying stocks, bondsand convertible securities.MORNINGSTAR CATEGORYGlobal Neutral BalancedPORTFOLIO MANAGERSEdward D. PerksMatt QuinlanAlex W. Peters21 Years, California, United States19 Years, California, United States22 Years, California, United StatesFUND FACTSPrice per Unit $11.21Yield to Maturity 6.10%Weighted Average MaturityDuration6.8 Years5.7 YearsYield to Worst 5.84%Duration to Worst5.4 YearsAssets of the Fund $49,089,015 3Distributions Income paid monthly 1,2Inception Date 06/28/2013Positions 132Benchmark50% S&P 500, 50% Barclays U.S. AggregateIndex1 Please see detailed definitions at www.franklintempleton.ca/define.2 The Fund may also pay capital gains in December if required.3 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 3640 3651Series A DSC 3642 3653Series A Low Load 3641 3652Series F 3643 3654Series I 3644 3655Series O 3645 3656Series R 3646Series S 3647Series T Front 3648 3659Series T DSC 3650 3661Series T Low Load 3649 3660REASONS TO INVEST IN THIS FUND:• Flexible and opportunistic investment approach. The fund has no formal targets on the equity and fixedincome allocation and looks opportunistically across the capital structure to focus on investment opportunitiesthat offer the most compelling risk-reward profiles.• Consistent monthly dividend and superior yield. The U.S. fund has delivered consistent monthly dividend forover 60 years and has sported one of the highest yields among its peers.• Strong long-term performance. Stability of the investment team and its approach has led to attractive longtermrisk-adjusted investment results in multiple time frames.• Experienced management team. Lead manager Ed Perks has managed the U.S. fund since 2002.Compounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 3.74 3.74 7.35 11.95 n/a n/a n/a n/a 11.13Category Average Return 1.06 1.06 3.48 7.93 n/a n/a n/a n/a 9.45Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateUnited States 88.42United Kingdom 4.99Canada 2.73Switzerland 1.83France 1.50Hong Kong 0.53Top Holdings (%)Wells Fargo & Co 1.83Exxon Mobil Corp 1.80Tenet Healthcare Corp 1.63Verizon Inc 1.63HCA Inc 1.62JPMorgan Chase & Co. 1.45Bank of America Corp 1.39Intel Corp 1.39Sprint Nextel Corp 1.39NCR Corp 1.36Asset Class Weightings (%)Top Sector Weightings (% Equity)• Stocks 56.88• Bonds 26.33• Cash & Cash Equivalents 16.01• Convertible Preferred 0.77Utilities 21.19Energy 16.74Materials 14.05Information Technology 11.71Industrials 8.85Financials 8.63Health Care 7.81Telecommunication Services 4.21Consumer Staples 3.44Consumer Discretionary 3.38Series A Distribution HistoryDate Price Distr. Date Price Distr.07/31/2013 $10.16 $0.01 01/31/2014 $11.21 $0.0208/30/2013 $10.28 $0.01 n/a n/a n/a09/30/2013 $10.15 $0.01 n/a n/a n/a10/31/2013 $10.57 $0.01 n/a n/a n/a11/29/2013 $10.78 $0.01 n/a n/a n/a12/19/2013 $10.70 $0.11 n/a n/a n/aBond Ratings (%)BBB 3.84 CCC 14.62BB 40.08 NR 4.82B 36.65CORPORATE CLASS CDN$ US$Series A Front 3662 3673Series A DSC 3664 3675Series A Low Load 3663 3674Series F 3665 3676Series I 3666 3677Series O 3667 3678Series R 3668Series S 3669Series T Front 3670 3681Series T DSC 3672 3683Series T Low Load 3671 3682Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements. 6% targeted Series T Return of Capital payout rate may change at the discretion of FranklinTempleton Investments.3640 FFE 011422 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Global Balanced January 31, 2014Franklin Income Hedged Corporate ClassFranklinINVESTMENT OBJECTIVE & STRATEGYThe fund seeks to maximize income, while maintainingprospects for capital appreciation, by investing in adiversified portfolio of dividend-paying stocks, bondsand convertible securities.MORNINGSTAR CATEGORYGlobal Neutral BalancedPORTFOLIO MANAGERSEdward D. PerksMatt QuinlanAlex W. Peters21 Years, California, United States19 Years, California, United States22 Years, California, United StatesFUND FACTSPrice per Unit $10.62Yield to Maturity 6.10%Weighted Average MaturityDuration6.8 Years5.7 YearsYield to Worst 5.84%Duration to Worst5.4 YearsAssets of the Fund $3,467,684 1Inception Date 06/28/2013Positions 2 132Benchmark50% S&P 500, 50% Barclays U.S. AggregateIndex1 Inclusive of trust and corporate class versions where applicable.2 The holdings listed are an outline of the investments held in the Reference Fund (FranklinIncome Fund) as a percentage of its net assets.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESCORPORATE CLASS CDN$ US$Series A Front 3684Series A DSC 3686Series A Low Load 3685Series F 3687Series I 3688Series O 3689Series R 3690Series S 3691Series T Front 3692Series T DSC 3694Series T Low Load 3693REASONS TO INVEST IN THIS FUND:• Flexible and opportunistic investment approach. The fund has no formal targets on the equity and fixedincome allocation and looks opportunistically across the capital structure to focus on investment opportunitiesthat offer the most compelling risk-reward profiles.• Consistent monthly dividend and superior yield. The U.S. fund has delivered consistent monthly dividend forover 60 years and has sported one of the highest yields among its peers.• Strong long-term performance. Stability of the investment team and its approach has led to attractive longtermrisk-adjusted investment results in multiple time frames.• Experienced management team. Lead manager Ed Perks has managed the U.S. fund since 2002.• Tax efficiency. The Fund allows investors the flexibility to make switches among Corporate Class investmentswithout triggering a taxable event--capital gains taxes are deferred until you redeem from the Corporate Classstructure.• Reduced currency risk. The Fund invests in derivatives to reduce the impact of currency fluctuations betweenthe U.S. and Canadian dollars.Compounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -0.75 -0.75 1.05 4.22 n/a n/a n/a n/a 5.99Category Average Return 1.06 1.06 3.48 7.93 n/a n/a n/a n/a 9.45Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateUnited States 88.42United Kingdom 4.99Canada 2.73Switzerland 1.83France 1.50Hong Kong 0.53Top Holdings (%)Wells Fargo & Co 1.83Exxon Mobil Corp 1.80Tenet Healthcare Corp 1.63Verizon Inc 1.63HCA Inc 1.62JPMorgan Chase & Co. 1.45Bank of America Corp 1.39Intel Corp 1.39Sprint Nextel Corp 1.39NCR Corp 1.36Asset Class Weightings (%)Top Sector Weightings (% Equity)• Stocks 56.88• Bonds 26.33• Cash & Cash Equivalents 16.01• Convertible Preferred 0.77Utilities 21.19Energy 16.74Materials 14.05Information Technology 11.71Industrials 8.85Financials 8.63Health Care 7.81Telecommunication Services 4.21Consumer Staples 3.44Consumer Discretionary 3.38Bond Ratings (%)BBB 3.84 CCC 14.62BB 40.08 NR 4.82B 36.65Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements. 6% targeted Series T Return of Capital payout rate may change at the discretion of FranklinTempleton Investments.3684 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 23

Global Fixed Income January 31, 2014Franklin Strategic Income FundFranklinINVESTMENT OBJECTIVE & STRATEGYThe Fund seeks high current income and some longtermcapital appreciation by investing primarily in fixedincome securities issued in the United States andthroughout the world.MORNINGSTAR CATEGORYHigh Yield Fixed IncomeRATINGMorningstar Rating OverallPORTFOLIO MANAGERSChris MolumphyEric Takaha27 Years, California, United States24 Years, California, United StatesFUND FACTSPrice per Unit $6.81Yield to Maturity 1 5.77%Weighted Average Maturity 14.4 YearsDuration3.2 YearsYield to Worst 1 5.41%Duration to Worst 22.9 YearsAssets of the Fund $526,783,257 10Distributions Interest income paid monthly 1,3Inception Date 02/17/2003Positions 651Portfolio Turnover Rate (06/30/2013) 10.43%MER (06/30/2013 incl. HST) 2.02%BenchmarkBarclays Capital US Aggregate - (100% Hedgedinto CAD) Index1 Please see detailed definitions at www.franklintempleton.ca/define.2 Uses effective duration for mortgages/asset-backed securities, uses 90 days average resetperiod assumed for all bank loans and for duration of bank loans; and excludes duration forcertain convertible/preferred stock. Duration for certain hybrid securities calculated to thefirst call and/ or fixed to floating coupon date.3 The Fund may also pay capital gains in December if required.4 Includes issues in default as well as issues which have missed payments but may not be intechnical default. May not include other issues for which interest receivables have beenreversed but have not yet missed coupon/principal payments or filed for bankruptcy.Securities shown for Charter Communications are pre-bankruptcy exchange.5 First call/fixed-to-floating date used as maturity date for certain perpetual hybrid securities.6 US Government & Agency sector includes agency preferred stock.7 Includes gains/losses on forward currency contracts.8 May include currency forwards and common/ warrants.9 Excludes holdings in short-term securities.10 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 387 388Series A DSC 389 390Series A Low Load 391 393Series F 229 263Series I 3382 3383Series O 173 174REASONS TO INVEST IN THIS FUND:• Diversification creates opportunities. The Fund offers the potential for more consistent returns by takingadvantage of the performances of many different bond categories in the United States and throughout theworld.• Breadth of research. The Fund is supported by more than 100 investment professionals from the FranklinTempleton Fixed Income Group.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 2.44 11.71 1.76 9.89 22.31 -12.95 -6.06 6.69 -3.34 0.64Category Average Return 4.75 11.23 2.66 10.50 27.60 -15.46 -1.70 7.55 1.04 6.07Source: Morningstar Research Inc.30.00%20.00%10.00%0.00%-10.00%-20.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.40 0.40 0.41 2.68 2.27 5.14 8.90 2.52 2.65Category Average Return 1.71 1.71 2.58 5.01 5.58 6.23 10.95 4.85 5.55Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateUnited States 59.33South Korea 3.50Mexico 2.49Malaysia 2.32Canada 2.18Poland 2.18Sweden 2.02Hungary 1.92Others 13.68Cash & Cash Equivalents 10.39Top Holdings (%) 9Government of Sweden, 6.75%, 5/05/14 1.93Government of Poland, 5.75%, 4/25/14 1.27Government of Uruguay, Senior Bond, Index Linked,4.375%, 12/15/28 1.05FNMA, 4.00%, 2/01/41 0.96FNMA, 3.00%, 10/01/27 0.89U.S. Treasury Note, 3.75%, 11/15/18 0.83Korea Treasury Bond, Senior Note, 3.00%, 12/10/16 0.82Government of Hungary, 5.50%, 2/12/16 0.72Korea Monetary Stabilization Bond, Senior Note,2.78%, 10/02/14 0.69Citigroup Commercial Mortgage Trust, 2007-C6, AM,FRN, 5.88532%, 6/10/17 0.66Top Sector Weightings (% Total)High Yield Corporates & Preferred 4 28.93International Government/Agency Bonds (ForeignCurrency) 23.55Floating-Rate Loans 12.83Investment Grade Corporates & Preferred 5 6.23Cash & Cash Equivalents 7 6.08Municipal 6.01Mortgage-Backed Securities 4.81International Government/Agency Bonds (USD) 4.24Commercial Mortgage-Backed Securities 3.87U.S. Treasuries 6 2.07Asset-Backed Securities 0.98Others 0.28Equity 0.08Convertibles 0.04Series A Distribution HistoryDate Price Distr. Date Price Distr.02/28/2013 $6.99 $0.03 08/30/2013 $6.69 $0.0303/28/2013 $6.99 $0.03 09/30/2013 $6.75 $0.0304/30/2013 $7.05 $0.03 10/31/2013 $6.86 $0.0205/31/2013 $6.94 $0.03 11/29/2013 $6.83 $0.0206/28/2013 $6.76 $0.03 12/19/2013 $6.81 $0.0307/31/2013 $6.79 $0.03 01/31/2014 $6.81 $0.03Bond Ratings (%)AAA 11.28 CCC 11.72AA 8.22 CC 0.12A 12.10 C 0.15BBB 11.64 D 0.00BB 19.55 NR 0.23B 24.91 Other 8 0.08387 FFE 011424 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

U.S. Equity January 31, 2014Franklin U.S. Rising Dividends FundFranklinINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks to achieve long-term capitalappreciation by investing primarily in American equities,with at least 80% of net assets in companies that havepaid consistently rising dividends.MORNINGSTAR CATEGORYUS EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSDonald TaylorWilliam LippmanNicholas GetazBruce Baughman32 Years, New Jersey, United States59 Years, New Jersey, United States13 Years, New Jersey, United States30 Years, New Jersey, United StatesFUND FACTSPrice per Unit $30.53Assets of the Fund $837,840,037 1Inception Date 11/24/2000Positions 63Portfolio Turnover Rate (06/30/2013) 5.29%MER (06/30/2013 incl. HST) 2.55%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONS&P 500 IndexREASONS TO INVEST IN THIS FUND:• A core U.S. holding. The Fund is an ideal solution for investors seeking a core U.S. equity component fortheir portfolios. It is designed to offer investors long-term growth and performance through dividend-payingU.S. equities.• Reinvesting for growth. The Fund’s mandate focuses on investing in companies with a history of consistentand substantial dividend increases and that have the potential for higher future cash flows.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 36.13 5.52 6.31 10.23 -1.07 -11.14 -19.49 12.58 -4.04 0.51Category Average Return 38.71 10.60 -1.01 9.54 11.24 -28.23 -9.20 11.19 2.07 2.14Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series A • Category Average ReturnCompounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.00 0.00 5.41 10.81 29.24 15.01 13.15 2.17 -1.07Category Average Return 0.86 0.86 8.09 14.85 32.70 14.33 15.09 3.10 0.63Source: Morningstar Research Inc. ^ Fund inception dateHOLDINGSTop Country Weightings (% Equity)Asset Class Weightings (%)LowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 201 801Series A DSC 301 901Series A Low Load 516 517Series F 231 841Series O 111 141Series T Front 3056Series T DSC 3058Series T Low Load 3057CORPORATE CLASS CDN$ US$Series A Front 2046 2051Series A DSC 2048 2053Series A Low Load 2047 2052Series F 2049 2054Series O 2050 2055Series T Front 3155Series T DSC 3157Series T Low Load 3156United States 100.00Top Holdings (%)Pentair Ltd 4.16United Technologies Corp 3.80Dover Corp 3.73Johnson & Johnson 3.61International Business Machines Corp. 3.47Chevron Corporation 3.43Roper Industries Inc 3.21Air Products and Chemicals Inc 3.09Medtronic Inc 2.98Becton Dickinson & Co 2.95Top Sector Weightings (% Equity)• Equity 95.65• Cash & Cash Equivalents 4.35Industrials 20.57Health Care 18.98Consumer Staples 17.25Consumer Discretionary 13.45Materials 10.90Energy 8.42Information Technology 6.42Financials 4.01Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements. 8% targeted Series T Return of Capital payout rate may change at the discretion of FranklinTempleton Investments.201 FFE 011426 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

U.S. Equity January 31, 2014Franklin U.S. Rising Dividends Hedged CorporateClassFranklinINVESTMENT OBJECTIVE & STRATEGYThe Fund seeks to achieve long-term capitalappreciation by investing substantially all of its assets inunits of Franklin U.S. Rising Dividends Fund, a portfolioof American equities with a focus on companies thathave paid consistent and increasing dividends. TheFund also seeks to minimize the impact of currencyfluctuations between the U.S. and Canadian dollars.MORNINGSTAR CATEGORYUS EquityPORTFOLIO MANAGERSDonald Taylor32 Years, New Jersey, United StatesWilliam Lippman59 Years, New Jersey, United StatesNicholas Getaz13 Years, New Jersey, United StatesBruce Baughman30 Years, New Jersey, United StatesFUND FACTSPrice per Unit $12.51Assets of the Fund $10,221,539 1Inception Date 10/29/2012Positions 2 63Portfolio Turnover Rate (06/30/2013) 5.29%MER (06/30/2013 incl. HST) 2.61%BenchmarkS&P 500 (Hedged CAD)1 Inclusive of trust and corporate class versions where applicable.2 The holdings listed are an outline of the investments held in the Reference Fund (FranklinU.S. Rising Dividends Fund) as a percentage of its net assets.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESCORPORATE CLASS CDN$ US$Series A Front 3608Series A DSC 3610Series A Low Load 3609Series F 3611Series O 3612Series T Front 3613Series T DSC 3615Series T Low Load 3614REASONS 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 fortheir portfolios. It offers investors the potential for long-term growth and performance through dividend-payingU.S. equities.• Reinvesting for growth. Portfolio managers seek to invest in companies with a history of consistent and risingdividend increases and that have reinvested earnings for future growth.• Minimized currency risk. The Fund applies a currency hedge to seek to minimize the effects of changes incurrency valuations.• Tax efficiency. The Fund allows you the flexibility to make switches among Corporate Class investmentswithout triggering a taxable event; capital gains taxes are deferred until you redeem from the Corporate Classstructure.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 28.33 n/a n/a n/a n/a n/a n/a n/a n/a n/aCategory Average Return 38.71 n/a n/a n/a n/a n/a n/a n/a n/a n/aSource: Morningstar Research Inc.40.00%30.00%20.00%10.00%0.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -4.43 -4.43 -0.87 2.88 16.92 n/a n/a n/a 20.37Category Average Return 0.86 0.86 8.09 14.85 32.70 n/a n/a n/a 31.87Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateUnited States 100.00Top Holdings (%)Pentair Ltd 4.16United Technologies Corp 3.80Dover Corp 3.73Johnson & Johnson 3.61International Business Machines Corp. 3.47Chevron Corporation 3.43Roper Industries Inc 3.21Air Products and Chemicals Inc 3.09Medtronic Inc 2.98Becton Dickinson & Co 2.95Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 95.65• Cash & Cash Equivalents 4.35Industrials 20.57Health Care 18.98Consumer Staples 17.25Consumer Discretionary 13.45Materials 10.90Energy 8.42Information Technology 6.42Financials 4.01Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements. 8% targeted Series T Return of Capital payout rate may change at the discretion of FranklinTempleton Investments.3608 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 27

Global & International Equity January 31, 2014Franklin World Growth Corporate Class 1FranklinINVESTMENT OBJECTIVE & STRATEGYLong-term capital appreciation by investing all of itsassets in units of Franklin World Growth Fund. TheFund seeks long-term capital appreciation by investingprimarily in equity securities of growth companies, withany market size capitalization, that are locatedthroughout the world. The Fund may invest up to 20%of its total assets in common stocks of issuers locatedin emerging market nations and up to 35% of its totalassets in debt securities.MORNINGSTAR CATEGORYGlobal EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERDon HuberFUND FACTS32 Years, New York, United StatesPrice per Unit $5.07Assets of the Fund $273,023,924 2Inception Date 06/18/2001Positions 42Portfolio Turnover Rate (06/30/2013) 30.79%MER (06/30/2013 incl. HST) 2.63%BenchmarkMSCI World Index1 Bissett Multinational Growth Corporate Class merged with Franklin World GrowthCorporate Class on June 24, 2011, as a result of securityholder approval on June 10,2011.2 Inclusive of trust and corporate class versions where applicable.REASONS TO INVEST IN THIS FUND:• Growth approach to stock selection. The Fund employs a strict bottom-up approach, identifying globalthemes, sectors and companies to target firms whose growth prospects have yet to be recognized by themarkets.• Franklin equity portfolios are built around solid companies with sustainable competitive advantages that cansignal exceptional growth potential.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 23.91 16.95 -10.38 1.80 31.53 -39.99 0.20 21.08 n/a n/aCategory Average Return 28.39 11.92 -7.10 6.58 16.54 -29.31 -5.04 17.18 n/a n/aSource: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series A • Category Average ReturnCompounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -1.17 -1.17 4.54 14.19 19.29 7.86 12.85 n/a 3.76Category Average Return 0.10 0.10 4.99 12.61 22.96 9.57 12.34 n/a 4.37Source: Morningstar Research Inc. ^ Fund inception dateHOLDINGSTop Country Weightings (% Equity)Asset Class Weightings (%)RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESCORPORATE CLASS CDN$ US$Series A Front 955 957Series A DSC 956 958Series A Low Load 790 791Series F 959 960Series O 963 964Series T Front 3508Series T DSC 3510Series T Low Load 3509United States 48.38United Kingdom 10.29Switzerland 7.57Australia 4.64Sweden 2.74France 2.63Belgium 2.60Netherlands 2.49Germany 2.45Others 16.22Top Holdings (%)Elekta AB 2.68Burberry Group PLC 2.62Verisk Analytics Inc 2.60Roche Holding AG 2.58Danaher Corp 2.58Rockwell Automation Inc 2.58Dassault Systemes SA 2.56FMC Technologies Inc 2.54Reckitt Benckiser Group PLC 2.54Discover Financial Services 2.54Top Sector Weightings (% Equity)• Equity 97.48• Cash & Cash Equivalents 2.52Information Technology 21.03Health Care 17.33Financials 16.85Consumer Discretionary 14.72Industrials 12.59Materials 7.49Energy 5.17Consumer Staples 4.83Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements. 8% targeted Series T Return of Capital payout rate may change at the discretion of FranklinTempleton Investments.955 FFE 011428 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Canadian Equity January 31, 2014Franklin Bissett All Canadian Focus FundEffective July 29, 2013, Bissett All Canadian Focus Fund and Bissett All Canadian Focus Corporate Class were renamed Franklin Bissett All Canadian FocusFund and Franklin Bissett All Canadian Focus Corporate Class, respectively.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYThe Fund seeks long-term capital appreciation byinvesting primarily in a diversified portfolio of Canadiansecurities.MORNINGSTAR CATEGORYCanadian EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSGarey J. AitkenJason HornettFUND FACTS22 Years, Calgary, AB Canada18 Years, Calgary, AB CanadaPrice per Unit $16.14Assets of the Fund $310,147,508 1Inception Date 09/20/2004Positions 40Portfolio Turnover Rate (06/30/2013) 14.94%MER (06/30/2013 incl. HST) 2.68%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumS&P/TSX (TR) IndexMedium toHighHighREASONS TO INVEST IN THIS FUND:• Canadian focus. Ideal for investors seeking a core Canadian equity fund that is primarily invested inCanadian-listed securities.• The Fund leverages a proprietary quantitative screening model designed to produce capital appreciation,based on the characteristics of successful Canadian companies as reflected in their securities.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 20.06 7.61 -5.01 20.43 34.03 -39.88 11.06 19.09 16.98 n/aCategory Average Return 16.99 7.98 -9.83 14.26 32.73 -34.54 7.28 15.08 20.32 n/aSource: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series A • Category Average ReturnCompounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.69 0.69 3.08 10.56 17.18 7.15 15.33 n/a 7.94Category Average Return -0.06 -0.06 2.98 10.54 13.76 3.95 12.35 n/a 6.96Source: Morningstar Research Inc. ^ Fund inception dateHOLDINGSTop Country Weightings (% Equity)Asset Class Weightings (%)FUND CODESSERIES CDN$ US$Series A Front 1096Series A DSC 1098Series A Low Load 1097Series F 1099Series I 3361Series O 2000CORPORATE CLASS CDN$ US$Series A Front 2021Series A DSC 2023Series A Low Load 2022Series F 2024Series I 3360Series O 2025Canada 100.00Top Holdings (%)Canadian Pacific Railway Ltd 3.54Methanex Corp 3.35Valeant Pharmaceuticals International Inc 3.17Stantec Inc 2.93Vermilion Energy Inc 2.79Open Text Corp 2.78Intact Financial Corp 2.76Toronto-Dominion Bank 2.70Potash Corp of Saskatchewan Inc 2.66Imperial Oil Ltd. 2.64Top Sector Weightings (% Equity)• Equity 98.25• Cash & Cash Equivalents 1.75Financials 25.01Industrials 16.26Energy 14.21Materials 13.29Consumer Staples 11.60Information Technology 4.98Utilities 4.62Consumer Discretionary 4.62Health Care 3.22Telecommunication Services 2.19For Dealer Use Only. Not For Distribution to the Public.1096 FFE 0114FRANKLIN TEMPLETON INVESTMENTS advisormonthly 29

Canadian Fixed Income January 31, 2014Franklin Bissett Bond FundEffective July 29, 2013, Bissett Bond Fund and Bissett Bond Corporate Class were renamed Franklin Bissett Bond Fund and Franklin Bissett Bond CorporateClass, respectively.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks high current income and some longtermcapital appreciation by investing primarily inCanadian federal and provincial government andcorporate bonds, debentures and short-term notes. TheFund maintains an overweighted position in high-qualitycorporate and provincial issues and an underweightedposition in Canadian federal bonds. The Fund mayinvest in foreign securities.MORNINGSTAR CATEGORYCanadian Fixed IncomeRATINGMorningstar Rating OverallPORTFOLIO MANAGERSHeather McOuattThomas O'GormanFUND FACTS19 Years, Calgary, AB Canada24 Years, Calgary, AB CanadaPrice per Unit $12.42Yield to Maturity 1 3.30%Weighted Average MaturityDuration9.1 Years6.2 YearsYield to Worst 3.15%Duration to Worst6.0 YearsAssets of the Fund $2,454,206,734 4Distributions Interest income paid monthly 1,2Inception Date 11/24/2000Positions 229Portfolio Turnover Rate (06/30/2013) 27.92%MER (06/30/2013 incl. HST) 1.59%Benchmark1 Please see detailed definitions at www.franklintempleton.ca/define.2 The Fund may also pay capital gains in December if required.3 Sources: S&P and Moody’s. Ratings apply to bond holdings only.4 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumDEX Universe Bond IndexMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 200Series A DSC 300Series A Low Load 515Series F 230Series I 280Series O 110CORPORATE CLASS CDN$ US$Series A Front 925Series A DSC 926Series A Low Load 778Series F 927Series I 928Series O 929REASONS TO INVEST IN THIS FUND:• An experienced bond investor. With over 20 years of fixed income experience, Franklin Bissett providesunitholders with a wealth of successful bond investment expertise.• Lower portfolio risk. Adding bonds to a portfolio can lower volatility by providing added stability and a regularstream of income, which is reassuring in any market environment.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A -1.44 3.28 7.25 6.08 6.45 1.60 1.45 2.63 4.61 5.76Category Average Return -1.10 3.64 7.03 5.80 7.17 3.30 2.26 2.88 4.69 5.44Source: Morningstar Research Inc.8.00%6.00%4.00%2.00%0.00%-2.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 2.32 2.32 1.79 2.74 1.46 3.93 5.02 3.84 4.71Category Average Return 2.40 2.40 1.81 2.70 1.82 4.09 5.14 4.21 4.90Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateCanada 77.60United States 14.07United Kingdom 2.56Supranational 1.79France 1.13Mexico 0.74Netherlands 0.70Australia 0.36Others 0.86Cash & Cash Equivalents 0.19Top Holdings (%)Financement Quebec, FRN, 1.54833%, 5/29/19 3.74Province of Quebec, FRN, 1.46%, 12/19/18 2.73Province of New Brunswick, 5.50%, 1/27/34 2.59Province of Quebec, 6.25%, 6/01/32 2.41Inter-American Development Bank, 4.40%, 1/26/26 1.79Province of Manitoba, 4.40%, 9/05/25 1.78Province of Ontario, 4.65%, 6/02/41 1.72Province of Ontario, FRN, 1.42833%, 12/03/18 1.59Province of Ontario, 4.70%, 6/02/37 1.46British Columbia Municipal Finance Authority, 4.875%,6/03/19 1.41Asset Class Weightings (%)Series A Distribution History• Corporate Bonds 48.56• Provincial Bonds 28.97• Federal Bonds 13.77• Municipal Bonds 6.13• Bank Loans 2.51• Cash and Equivalents 0.06Date Price Distr. Date Price Distr.02/28/2013 $12.78 $0.03 08/30/2013 $12.26 $0.0303/28/2013 $12.80 $0.04 09/30/2013 $12.25 $0.0404/30/2013 $12.89 $0.03 10/31/2013 $12.36 $0.0305/31/2013 $12.67 $0.03 11/29/2013 $12.32 $0.0306/28/2013 $12.37 $0.04 12/19/2013 $12.19 $0.0907/31/2013 $12.35 $0.03 01/31/2014 $12.42 $0.03Bond Ratings (%) 3AAA 13.94 BB 4.21AA 20.76 B 3.47A 39.29 CCC 0.05BBB 18.29200 FFE 011430 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Canadian Balanced January 31, 2014Franklin Bissett Canadian All Cap Balanced FundEffective May 13, 2013, Bissett Focus Balanced Fund and Bissett Focus Balanced Corporate Class were renamed Franklin Bissett Canadian All Cap BalancedFund and Franklin Bissett Canadian All Cap Balanced Corporate Class, respectively.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks a balance of current income and longtermcapital appreciation by investing primarily in adiversified portfolio of Canadian equity and fixedincome securities, and to a lesser degree, in fixedincome securities issued around the world.*MORNINGSTAR CATEGORYCanadian Equity Balanced**RATINGMorningstar Rating OverallPORTFOLIO MANAGERSFUND FACTS RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 3304Series A DSC 3306Series A Low Load 3305Series F 3307Series I 3308Series O 3309Series T Front 3310Series T DSC 3312Series T Low Load 3311CORPORATE CLASS CDN$ US$Series A Front 3313Series A DSC 3315Series A Low Load 3314Series F 3316Series I 3317Series O 3318Series T Front 3319Series T DSC 3321Series T Low Load 3320REASONS TO INVEST IN THIS FUND:• Seeks to provide equity-like returns with reduced volatility.• True all-cap Canadian equity exposure, combined with Canadian and global multi-sector fixed income.• Flexibility in exposure across market capitalizations, dividend and non-dividend payers, fixed income sectorsand credit quality.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A Category Average Return Source: Morningstar Research Inc.20.00%15.00%10.00%5.00%0.00%-5.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A Category Average Return Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)Top Holdings (%)^ Fund inception dateAsset Class Weightings (%)• • • Top Sector Weightings (% Equity)* Effective 5/13/2013, the Fund changed its investment objective. Prior to this effective date, Bissett Focused Balanced Fund, as it was formerly known, sought abalance of current income and long-term capital appreciation by investing primarily in a diversified portfolio of Canadian and U.S. equity securities of NorthAmerican-listed multinational corporations, Canadian federal, provincial and corporate bonds and, to a lesser degree, fixed income securities around the world. Asa result, past performance would not be indicative of future performance.** As a result of the Fund's investment objective changes effective 5/13/2013, Morningstar reclassified the Fund from its “Canadian Neutral Balanced” category toits “Canadian Equity Balanced” category effective 6/1/13.*** As a result of the Fund's investment objective and investment style changes effective 5/13/2013, the turnover reflected here may not be indicative of futureturnover rates.Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements. 6% targeted Series T Return of Capital payout rate may change at the discretion of FranklinTempleton Investments.For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 31

Canadian Balanced January 31, 2014Franklin Bissett Canadian Balanced FundEffective July 29, 2013, Bissett Canadian Balanced Fund and Bissett Canadian Balanced Corporate Class were renamed Franklin Bissett Canadian BalancedFund and Franklin Bissett Canadian Balanced Corporate Class, respectively.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks a balance of current income and longtermcapital appreciation by investing primarily in aportfolio of Franklin Bissett funds to achieve a balanceof fixed income and equity investments. The Fund mayinvest in foreign securities.MORNINGSTAR CATEGORYCanadian Neutral BalancedRATINGMorningstar Rating OverallPORTFOLIO MANAGERSGarey J. AitkenThomas O'Gorman22 Years, Calgary, AB Canada24 Years, Calgary, AB CanadaFUND FACTSPrice per Unit $30.47Assets of the Fund $952,909,271 1Inception Date 11/24/2000Positions 17Portfolio Turnover Rate (06/30/2013) 6.13%MER (06/30/2013 incl. HST) 2.48%Benchmark DEX Universe Bond Index 35%, Barclays CapitalU.S. Aggregate Bond Index (hedged to CDN $)2.5%, JP Morgan Global Government Bond Index(CDN $) 2.5%, S&P/TSX Composite TRI 32.5%,S&P/TSX Small Cap Index 5%, S&P 500 (CDN $)TRI 10%, MSCI EAFE (CDN $) TRI 10%, MSCIEmerging Markets (CDN $) TRI 2.5%1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 222Series A DSC 322Series A Low Load 597Series F 252Series I 272Series O 130Series T Front 298Series T DSC 299Series T Low Load 596CORPORATE CLASS CDN$ US$Series A Front 2056Series A DSC 2058Series A Low Load 2057Series F 2059Series O 2060Series T Front 3167Series T DSC 3169Series T Low Load 3168REASONS TO INVEST IN THIS FUND:• A diversified solution. Franklin Bissett Canadian Balanced Fund gives investors access to diversification byasset 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 theportfolio manager's economic and market outlook, helps control risk and maximize return potential.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 16.15 9.62 -1.40 10.29 19.55 -20.05 -3.80 9.18 10.41 9.31Category Average Return 11.08 6.26 -2.06 8.91 17.64 -16.92 1.08 8.36 10.97 8.93Source: Morningstar Research Inc.20.00%10.00%0.00%-10.00%-20.00%-30.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.43 0.43 2.65 8.34 13.86 7.51 11.75 5.13 4.84Category Average Return 0.56 0.56 2.61 6.80 9.77 4.83 8.92 4.86 4.64Source: Morningstar Research Inc.HOLDINGSGeographic Weightings (% of Total)^ Fund inception dateCanada 60.64United States 19.65United Kingdom 2.77Germany 1.17France 1.07South Korea 0.90Netherlands 0.82China 0.78Japan 0.74Others 11.46Top Holdings (%)Franklin Bissett Canadian Equity Fund, Series O 19.68Franklin Bissett Bond Fund, Series O 16.86Franklin Bissett Corporate Bond Fund, Series O 9.54Franklin Bissett Canadian Short Term Bond Fund,Series O 5.73Franklin Bissett Small Cap Fund, Series O 5.05Franklin Bissett Microcap Fund, Series O 5.00Franklin Bissett U.S. Focus Fund, Series O 4.66Templeton EAFE Developed Markets Fund, Series O 4.51Franklin Mutual Global Discovery Fund, Series O 4.36Franklin U.S. Rising Dividends Fund, Series O 4.34Asset Class Weightings (%)Top Sector Weightings (% Total)• Equity 61.40• Fixed Income 38.10• Cash & Cash Equivalents 0.51Financials 14.59Energy 10.95Industrials 8.11Consumer Discretionary 6.15Materials 5.10Consumer Staples 4.92Health Care 3.49Information Technology 3.12Telecommunication Services 1.67Utilities 0.85Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements.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 Investments.222 FFE 011432 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Canadian Dividend January 31, 2014Franklin Bissett Canadian Dividend FundEffective July 29, 2013, Bissett Canadian Dividend Fund and Bissett Canadian Dividend Corporate Class were renamed Franklin Bissett Canadian DividendFund and Franklin Bissett Canadian Dividend Corporate Class, respectively.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYLong-term capital appreciation by investing primarily individend-paying or income-producing Canadiansecurities, including common shares, income trust unitsand preferred shares.MORNINGSTAR CATEGORYCanadian Dividend & Income EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSLes StelmachRyan Crowther15 Years, Calgary, AB Canada12 Years, Calgary, AB CanadaFUND FACTSPrice per Unit $15.55Assets of the Fund $569,186,216 2Distributions Income paid monthly 1Inception Date 12/22/2003Positions 39Portfolio Turnover Rate (06/30/2013) 16.75%MER (06/30/2013 incl. HST) 2.34%Benchmark1 The Fund may also pay capital gains in December if required.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumS&P/TSX (TR) IndexMedium toHighHighREASONS TO INVEST IN THIS FUND:• Quality investments offering high yield dividends. The Fund invests in businesses with low earnings volatilityand solid dividend records.• Diversified stream of tax-efficient income. With a regular stream of monthly income that may includedividends and Return of Capital, the Fund’s distributions are more tax-efficient than regular interest income.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 16.25 8.78 0.84 16.28 33.52 -25.58 5.12 4.49 18.69 17.40Category Average Return 16.21 7.95 -0.81 11.56 24.28 -24.46 2.97 11.64 18.68 15.43Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -2.99 -2.99 -0.15 7.67 9.74 6.91 14.40 8.00 8.11Category Average Return -0.83 -0.83 2.21 8.74 12.17 6.78 12.27 7.24 7.48Source: Morningstar Research Inc.HOLDINGSGeographic Weightings (% Equity)^ Fund inception dateCanada 100.00Top Holdings (%)Asset Class Weightings (%)• Equity 98.92• Cash & Cash Equivalents 1.08FUND CODESSERIES CDN$ US$Series A Front 1017Series A DSC 1018Series A Low Load 1019Series F 1020Series O 1021CORPORATE CLASS CDN$ US$Series A Front 3476Series A DSC 3478Series A Low Load 3477Series F 3479Series I 3480Series O 3481Series R 3482Series S 3483Series T Front 3484Series T DSC 3486Series T Low Load 3485Toronto-Dominion Bank 5.27Canadian Imperial Bank of Commerce 5.17Power Financial Corp 5.07Thomson Reuters Corp 4.72Bank of Nova Scotia 4.62Royal Bank of Canada 4.40IGM Financial Inc 4.26Crescent Point Energy Corp 4.13North West Company Inc 3.87Bank of Montreal 3.82Top Sector Weightings (% Equity)Financials 37.35Energy 29.67Industrials 8.05Materials 6.57Telecommunication Services 6.04Consumer Discretionary 4.78Consumer Staples 3.90Utilities 3.64Series A Distribution HistoryDate Price Distr. Date Price Distr.02/28/2013 $14.93 $0.03 08/30/2013 $14.65 $0.0303/28/2013 $14.99 $0.03 09/30/2013 $15.02 $0.0604/30/2013 $15.05 $0.03 10/31/2013 $15.78 $0.0305/31/2013 $14.96 $0.03 11/29/2013 $15.85 $0.0306/28/2013 $14.39 $0.05 12/19/2013 $15.78 $0.1507/31/2013 $14.74 $0.03 01/31/2014 $15.55 $0.03Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements. 8% targeted Series T Return of Capital payout rate may change at the discretion of FranklinTempleton Investments.1017 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 33

Canadian Equity January 31, 2014Franklin Bissett Canadian Equity FundEffective July 29, 2013, Bissett Canadian Equity Fund and Bissett Canadian Equity Corporate Class were renamed Franklin Bissett Canadian Equity Fund andFranklin Bissett Canadian Equity Corporate Class, respectively.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks long-term capital appreciation byinvesting primarily in a diversified portfolio of mid- tolarge-cap Canadian equities.MORNINGSTAR CATEGORYCanadian EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSGarey J. AitkenTim CaulfieldFUND FACTS22 Years, Calgary, AB Canada14 Years, Calgary, AB CanadaPrice per Unit $87.79Assets of the Fund $2,230,818,331 1Inception Date 11/24/2000Positions 51Portfolio Turnover Rate (06/30/2013) 10.49%MER (06/30/2013 incl. HST) 2.47%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumS&P/TSX (TR) IndexMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 202Series A DSC 302Series A Low Load 518Series F 232Series I 282Series O 112CORPORATE CLASS CDN$ US$Series A Front 930Series A DSC 931Series A Low Load 779Series F 932Series I 3695Series O 934Series R 3696Series T Front 3697Series T DSC 3699Series T Low Load 3698REASONS TO INVEST IN THIS FUND:• 100% pure Canadian equities with a long-term focus. The Fund is 100% focused on Canadian equities with abias 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. Thisprocess enables the Fund to access many quality Canadian companies overlooked by strict value and growthmanagers.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 20.47 13.94 -6.94 17.96 38.71 -33.42 0.29 10.95 19.10 13.29Category Average Return 16.99 7.98 -9.83 14.26 32.73 -34.54 7.28 15.08 20.32 12.66Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -0.40 -0.40 3.19 10.65 16.67 7.83 17.14 7.41 6.50Category Average Return -0.06 -0.06 2.98 10.54 13.76 3.95 12.35 6.28 5.46Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateCanada 100.00Top Holdings (%)Canadian Imperial Bank of Commerce 4.48Canadian National Railway Co. 4.47Brookfield Asset Management Inc 4.16Thomson Reuters Corp 4.15Royal Bank of Canada 3.92Enbridge Inc 3.74Toronto-Dominion Bank 3.72Bank of Nova Scotia 3.64Canadian Natural Resources Ltd 3.13Transcanada Corp 2.93Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 96.71• Cash & Cash Equivalents 3.29Financials 35.65Energy 24.37Industrials 13.23Materials 8.57Consumer Staples 7.44Consumer Discretionary 6.59Telecommunication Services 3.08Utilities 1.07Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements. 8% targeted Series T Return of Capital payout rate may change at the discretion of FranklinTempleton Investments.202 FFE 011434 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Canadian Dividend January 31, 2014Franklin Bissett Canadian High Dividend FundEffective July 29, 2013, Bissett Canadian High Dividend Fund and Bissett Canadian High Dividend Corporate Class were renamed Franklin Bissett CanadianHigh Dividend Fund and Franklin Bissett Canadian High Dividend Corporate Class, respectively.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks a high level of after-tax cash flow byinvesting primarily in income-producing Canadiansecurities, including income trusts, common shares,preferred shares and fixed income instruments. TheFund may invest in foreign equities or fixed incomesecurities.MORNINGSTAR CATEGORYCanadian Small/Mid Cap EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSLeslie A. LundquistLes Stelmach22 Years, Calgary, AB Canada15 Years, Calgary, AB CanadaFUND FACTSPrice per Unit $15.32Assets of the Fund $859,728,828 2Distributions Income paid monthly 1Inception Date 11/24/2000Positions 41Portfolio Turnover Rate (06/30/2013) 15.62%MER (06/30/2013 incl. HST) 2.47%Benchmark1 The Fund may also pay capital gains in December if required.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumS&P/TSX Equity Income TR IndexMediumMedium toHighHighREASONS TO INVEST IN THIS FUND:• Diversified exposure with high dividend yield. The Fund provides a well-diversified portfolio of incomeproducingCanadian securities that have a proven ability to deliver a consistent and growing level ofdividends over time.• Tax-efficient income. Canada’s Dividend Tax Credit helps make the most of income earned in the Fund byfavourably taxing dividend income.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 17.19 8.87 -1.00 30.48 36.34 -25.26 10.83 -2.26 15.06 22.73Category Average Return 19.76 4.76 -10.40 25.07 49.57 -40.74 7.97 14.96 19.53 16.08Source: Morningstar Research Inc.60.00%40.00%20.00%0.00%-20.00%-40.00%-60.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -1.44 -1.44 0.12 6.30 11.13 6.51 17.52 9.50 11.96Category Average Return -0.12 -0.12 4.14 13.10 16.10 3.18 16.12 7.57 8.08Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateCanada 100.00Top Holdings (%)Asset Class Weightings (%)• Equity 98.98• Cash & Cash Equivalents 1.02FUND CODESSERIES CDN$ US$Series A Front 205Series A DSC 305Series A Low Load 522Series F 235Series I 284Series O 115CORPORATE CLASS CDN$ US$Series A Front 3568Series A DSC 3570Series A Low Load 3569Series F 3571Series I 3572Series O 3573Series T Front 3574Series T DSC 3576Series T Low Load 3575Crescent Point Energy Corp 4.95Twin Butte Energy Ltd 4.73Veresen Inc 4.68Medical Facilities Corp. 4.56Cominar Real Estate Investment Trust 4.34New Flyer Industries Inc 4.10Canexus Corp. 4.08Canadian Imperial Bank of Commerce 3.73Morneau Shepell Inc 3.71Baytex Energy Corp 3.61Top Sector Weightings (% Equity)Energy 41.41Financials 22.52Industrials 15.43Materials 6.97Health Care 4.60Consumer Discretionary 3.43Telecommunication Services 3.09Utilities 1.80Consumer Staples 0.76Series A Distribution HistoryDate Price Distr. Date Price Distr.02/28/2013 $15.11 $0.06 08/30/2013 $15.29 $0.0603/28/2013 $15.28 $0.08 09/30/2013 $15.73 $0.0804/30/2013 $15.37 $0.06 10/31/2013 $16.18 $0.0605/31/2013 $15.45 $0.06 11/29/2013 $15.96 $0.0606/28/2013 $15.28 $0.08 12/19/2013 $15.34 $0.7707/31/2013 $15.42 $0.06 01/31/2014 $15.32 $0.06Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements. 8% targeted Series T Return of Capital payout rate may change at the discretion of FranklinTempleton Investments.205 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 35

Canadian Fixed Income January 31, 2014Franklin Bissett Canadian Short Term Bond FundEffective July 29, 2013, Bissett Canadian Short Term Bond Fund was renamed Franklin Bissett Canadian Short Term Bond Fund.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYThe Fund seeks high current income and preservationof capital by investing primarily in Canadian fixedincome securities, including Canadian federal andprovincial government bonds, corporate bonds,debentures and short-term notes. The Fund may alsoinvest in securities backed by mortgages or otherfinancial assets and dividend-paying shares ofCanadian companies. The Fund may invest in foreignfixed income securities. The average weighted term tomaturity of the Fund’s investments is five years or less.MORNINGSTAR CATEGORYCanadian Short Term Fixed IncomeRATINGMorningstar Rating OverallPORTFOLIO MANAGERSHeather McOuattDarcy Briggs19 Years, Calgary, AB Canada20 Years, Calgary, AB CanadaFUND FACTSPrice per Unit $9.46Yield to Maturity 2.35%Weighted Average MaturityDuration3.2 Years2.4 YearsYield to Worst 2.03%Duration to Worst2.3 YearsAssets of the Fund $651,234,674 4Distributions Interest income paid monthly 1,2Inception Date 12/22/2003Positions 181Portfolio Turnover Rate (06/30/2013) 15.86%MER (06/30/2013 incl. HST) 1.39%Benchmark1 Please see detailed definitions at www.franklintempleton.ca/define.2 The Fund may also pay capital gains in December if required.3 Sources: S&P and Moody’s. Ratings apply to bond holdings only.4 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumDEX Short -Term Bond IndexMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 1012Series A DSC 1013Series A Low Load 1014Series F 1015Series O 1016REASONS TO INVEST IN THIS FUND:• Franklin Bissett’s fixed income expertise. Franklin Bissett has been managing fixed income investments forover 20 years for individual, institutional and high net-worth clients.• Lowers portfolio volatility. As short-term bonds are generally less sensitive to interest rate movements thanlonger-term bonds, they can help minimize the impact of rising rates on a portfolio and reduce overall portfoliovolatility.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 0.83 1.85 3.35 2.17 5.12 5.43 2.56 2.73 1.30 3.60Category Average Return 1.01 1.69 3.05 2.21 3.38 5.18 2.85 3.03 1.71 3.14Source: Morningstar Research Inc.6.00%4.00%2.00%0.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.86 0.86 0.87 1.52 1.73 2.25 2.86 2.86 2.96Category Average Return 0.82 0.82 0.91 1.56 1.83 2.14 2.45 2.71 2.80Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateCanada 76.77United States 17.50Germany 2.63United Kingdom 1.47Mexico 0.51Japan 0.47South Korea 0.45Australia 0.37Others 0.25Cash & Cash Equivalents -0.44Top Holdings (%)Financement Quebec, FRN, 1.54833%, 5/29/19 3.77Province of Ontario, FRN, 1.42833%, 12/03/18 3.35Province of Quebec, FRN, 1.46%, 12/19/18 2.74Omers Realty Corp., 4.74%, 6/04/18 2.24Canada Housing Trust, Secured Note, 144A, 2.35%,12/15/18 1.70RBC Capital Trust, 4.87% to 12/31/15, FRN Thereafter,Perpetual 1.63National Housing Assn., FRN, 1.485%, 3/01/17 1.49Canadian Wheat Board, 4.75%, 12/01/14 1.39Daimler Canada Finance Inc., Senior Note, FRN,1.965%, 9/12/14 1.39Great-West Lifeco Finance Delaware, 5.691% to6/21/17, FRN thereafter, 6/21/67 1.33Asset Class Weightings (%)Series A Distribution History• Corporate Bonds 69.13• Provincial Bonds 15.44• Federal Bonds 13.10• Municipal Bonds 2.81• Cash and Equivalents -0.48Date Price Distr. Date Price Distr.02/28/2013 $9.61 $0.03 08/30/2013 $9.46 $0.0203/28/2013 $9.60 $0.03 09/30/2013 $9.45 $0.0304/30/2013 $9.61 $0.03 10/31/2013 $9.49 $0.0205/31/2013 $9.55 $0.02 11/29/2013 $9.49 $0.0206/28/2013 $9.48 $0.02 12/19/2013 $9.40 $0.0807/31/2013 $9.48 $0.02 01/31/2014 $9.46 $0.02Bond Ratings (%) 3AAA 16.88 A 41.19AA 18.60 BBB 23.341012C FFE 011436 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Canadian Fixed Income January 31, 2014Franklin Bissett Corporate Bond FundEffective July 29, 2013, Bissett Corporate Bond Fund was renamed Franklin Bissett Corporate Bond Fund.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYHigh current income and some long-term capitalappreciation by investing primarily in bonds,debentures, notes, revenue bonds and asset-backedand mortgage-backed securities of Canadian corporateentities.MORNINGSTAR CATEGORYCanadian Fixed IncomeRATINGMorningstar Rating OverallPORTFOLIO MANAGERSHeather McOuattDarcy Briggs19 Years, Calgary, AB Canada20 Years, Calgary, AB CanadaFUND FACTSPrice per Unit $9.99Yield to Maturity 1 3.79%Weighted Average Maturity6.7 YearsDuration5.0 YearsYield to Worst 3.49%Duration to Worst4.9 YearsAssets of the Fund $174,015,095 5Distributions Interest income paid monthly 1,2Inception Date 12/18/2006Positions 189Portfolio Turnover Rate (06/30/2013) 31.37%MER (06/30/2013 incl. HST) 1.62%BenchmarkDEX - All Corporate Bond Index1 Please see detailed definitions at www.franklintempleton.ca/define.2 The Fund may also pay capital gains in December if required.3 Does not include all sectors.4 Sources: S&P and Moody’s. Ratings apply to bond holdings only.5 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 2061Series A DSC 2063Series A Low Load 2062Series F 2064Series I 3384Series O 2065REASONS TO INVEST IN THIS FUND:• Ideal complement to a diversified income strategy. The Fund is a great addition to a diversified incomeportfolio 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 higherreturns by focusing primarily on investment-grade corporate bonds, debentures and short-term notes.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 0.14 5.43 5.79 5.33 12.35 -2.00 0.57 n/a n/a n/aCategory Average Return -1.10 3.64 7.03 5.80 7.17 3.30 2.26 n/a n/a n/aSource: Morningstar Research Inc.14.00%12.00%10.00%8.00%6.00%4.00%2.00%0.00%-2.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 1.99 1.99 1.83 2.81 2.38 4.53 6.14 n/a 4.02Category Average Return 2.40 2.40 1.81 2.70 1.82 4.09 5.14 n/a 4.24Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateCanada 66.20United States 29.17United Kingdom 1.85Mexico 0.85Australia 0.79South Korea 0.64Luxembourg 0.42Japan 0.37Others -0.13Cash & Cash Equivalents -0.14Top Holdings (%)407 International Inc., Senior Secured Bond, 144A,6.47%, 7/27/29 2.46Sun Life Financial Inc., Senior Bond, 4.95% to 6/01/16,FRN thereafter, 6/01/36 1.93WTH Car Rental ULC, 4.143%, 3/20/15 1.77Metropolitan Life Global Funding I, FRN, 2.175%,6/17/14 1.73Rogers Communications Inc., Senior Note, 5.34%,3/22/21 1.62The Toronto-Dominion Bank, Sub. Note, 9.15%,5/26/25 1.54Aon Finance NS1 ULC, Senior Note, 4.76%, 3/08/18 1.35Rogers Communications Inc., Senior Note, 5.38%,11/04/19 1.33Great-West Lifeco Finance Delaware, 5.691% to6/21/17, FRN thereafter, 6/21/67 1.28Bank of America Corp., Sub. Note, FRN, 1.82%,6/01/16 1.24Asset Class Weightings (%)Top Sector Weightings (% Total) 3• Corporate Bonds 93.02• Bank Loans 4.41• Federal Bonds 2.52• Municipal Bonds 0.45• Cash and Equivalents -0.39Financial 40.61Energy 16.95Industrial 9.34Communication 7.99Infrastructure 7.34Securitization 5.59Real Estate 5.19Bank Loans 4.41Federal 2.52Municipal 0.45Cash -0.39Series A Distribution HistoryDate Price Distr. Date Price Distr.02/28/2013 $10.19 $0.03 08/30/2013 $9.85 $0.0303/28/2013 $10.22 $0.03 09/30/2013 $9.83 $0.0404/30/2013 $10.29 $0.03 10/31/2013 $9.93 $0.0305/31/2013 $10.15 $0.03 11/29/2013 $9.92 $0.0306/28/2013 $9.91 $0.04 12/19/2013 $9.83 $0.0707/31/2013 $9.92 $0.03 01/31/2014 $9.99 $0.03Bond Ratings (%) 4AAA 4.38 BB 8.07AA 6.64 B 6.37A 34.63 CCC 0.66BBB 39.252061 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 37

Canadian Balanced January 31, 2014Franklin Bissett Dividend Income FundEffective July 29, 2013, Bissett Dividend Income Fund and Bissett Dividend Income Corporate Class were renamed Franklin Bissett Dividend Income Fund andFranklin Bissett Dividend Income Corporate Class, respectively.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks high current income by investingprimarily in Canadian and American dividend-payingpreferred and common stocks and, from time to time,bonds up to a maximum of 25% of the Fund’s totalassets. The Fund may invest in foreign equity or fixedincome securities.MORNINGSTAR CATEGORYCanadian Equity BalancedRATINGMorningstar Rating OverallPORTFOLIO MANAGERSLes StelmachRyan Crowther15 Years, Calgary, AB Canada12 Years, Calgary, AB CanadaFUND FACTSPrice per Unit $29.87Yield to Maturity 3.28%Weighted Average MaturityDuration7.9 Years6.1 YearsYield to Worst 3.06%Duration to Worst5.9 YearsAssets of the Fund $766,590,446 2Distributions Income paid monthly 1Inception Date 11/24/2000Positions 87Portfolio Turnover Rate (06/30/2013) 16.50%MER (06/30/2013 incl. HST) 2.39%BenchmarkS&P/TSX Composite TRI 60%, DEX UniverseBond 15%, S&P 500 (CDN$) TRI 20%, S&P/TSXPref Stock TRI 5%1 The Fund may also pay capital gains in December if required.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 203Series A DSC 303Series A Low Load 519Series F 233Series I 283Series O 113Series T Front 294Series T DSC 295Series T Low Load 520CORPORATE CLASS CDN$ US$Series A Front 3559Series A DSC 3561Series A Low Load 3560Series F 3562Series I 3563Series O 3564Series T Front 3565Series T DSC 3567Series T Low Load 3566REASONS 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 ofcommon shares than preferred shares, the Fund provides capital appreciation potential and consistentdividends over time.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 15.31 7.70 5.20 11.61 18.66 -20.00 -3.11 10.32 12.65 9.36Category Average Return 12.44 7.13 -3.43 10.71 24.13 -20.00 1.69 9.68 12.21 10.47Source: Morningstar Research Inc.30.00%20.00%10.00%0.00%-10.00%-20.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -1.53 -1.53 1.00 6.51 10.41 8.39 11.77 5.85 6.15Category Average Return 0.05 0.05 2.16 7.64 10.17 4.82 10.43 5.66 5.68Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateCanada 79.45United States 19.39United Kingdom 1.01Cayman Islands 0.14Top Holdings (%)The Toronto-Dominion Bank 3.28Canadian Imperial Bank of Commerce 3.21Power Financial Corp. 3.13Thomson Reuters Corp. 2.92Bank of Nova Scotia 2.85Royal Bank of Canada 2.73IGM Financial Inc. 2.67Crescent Point Energy Corp. 2.55North West Co. Inc. 2.41Bank of Montreal 2.36Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 83.40• Fixed Income 13.88• Cash & Cash Equivalents 2.72Financials 37.55Energy 29.60Industrials 7.71Materials 6.83Telecommunication Services 6.05Consumer Discretionary 4.77Consumer Staples 3.93Utilities 3.57Series A Distribution HistoryDate Price Distr. Date Price Distr.02/28/2013 $29.06 $0.06 08/30/2013 $28.85 $0.0603/28/2013 $29.28 $0.06 09/30/2013 $29.29 $0.0704/30/2013 $29.44 $0.06 10/31/2013 $30.55 $0.0605/31/2013 $29.30 $0.06 11/29/2013 $30.81 $0.0606/28/2013 $28.53 $0.07 12/19/2013 $30.00 $0.8807/31/2013 $29.14 $0.06 01/31/2014 $29.87 $0.06This Fund offered in Corporate Class-Series T. With this Fund, you can switch seamlessly between Corporate Class-Series A—to maximize tax-deferred compoundgrowth—and Corporate Class-Series T, to fine-tune cash flow requirements.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 Investments.203 FFE 011438 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Canadian Equity January 31, 2014Franklin Bissett Energy Corporate ClassEffective July 29, 2013, Bissett Energy Corporate Class was renamed Franklin Bissett Energy Corporate Class.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYThe Fund seeks long-term capital appreciation byinvesting primarily in equities and other securities ofCanadian entities involved directly or indirectly in theenergy sector.MORNINGSTAR CATEGORYNatural Resources EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSGarey J. AitkenLes Stelmach22 Years, Calgary, AB Canada15 Years, Calgary, AB CanadaFUND FACTSPrice per Unit $14.67Assets of the Fund $58,327,622 1Inception Date 06/18/2007Positions 55Portfolio Turnover Rate (06/30/2013) 10.52%MER (06/30/2013 incl. HST) 2.55%BenchmarkS&P/TSX Capped Energy (CAD Based)Index1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighREASONS TO INVEST IN THIS FUND:• Adding this Fund to a portfolio provides investors with the ability to participate directly in the growing energysector, which includes entities engaged in energy exploration, production, refining, marketing, transportationand distribution, plus companies engaged in the provision of energy-related services.• Franklin Bissett has a strong track record of investing in Canadian energy companies by focusing onbusiness fundamentals and security valuation.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 32.29 3.67 7.01 50.07 57.39 -44.49 n/a n/a n/a n/aCategory Average Return -4.63 -12.79 -20.09 36.51 59.08 -44.78 n/a n/a n/a n/aSource: Morningstar Research Inc.60.00%40.00%20.00%0.00%-20.00%-40.00%-60.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -0.13 -0.13 4.40 18.84 31.38 10.57 30.40 n/a 6.92Category Average Return 2.01 2.01 2.03 9.12 -2.98 -12.64 8.23 n/a -2.74Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateAsset Class Weightings (%)FUND CODESCORPORATE CLASS CDN$ US$Series A Front 3021Series A DSC 3023Series A Low Load 3022Series F 3024Series O 3025Canada 100.00Top Holdings (%)Delphi Energy Corp 4.19Rock Energy Inc 3.59Nuvista Energy Ltd 3.33Western Energy Services Corp 3.22BlackPearl Resources Inc 2.87Enbridge Inc 2.81Cathedral Energy Services Ltd. 2.79Canadian Natural Resources Ltd 2.66Cequence Energy Ltd 2.59Essential Energy Services Ltd 2.58Top Sector Weightings (% Equity)• Equity 98.18• Cash & Cash Equivalents 1.82Energy 93.01Industrials 4.58Materials 2.41For Dealer Use Only. Not For Distribution to the Public.3021 FFE 0114FRANKLIN TEMPLETON INVESTMENTS advisormonthly 39

Canadian Equity January 31, 2014Franklin Bissett Microcap FundEffective July 29, 2013, Bissett Microcap Fund was renamed Franklin Bissett Microcap Fund.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks long-term capital appreciation byinvesting primarily in Canadian equities of smallercapitalizationcompanies that have proven managementand long-term growth plans.MORNINGSTAR CATEGORYCanadian Small/Mid Cap EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSRalph LindenblattRichard Fortin17 Years, Calgary, AB Canada18 Years, Calgary, AB CanadaFUND FACTSPrice per Unit $29.72Assets of the Fund $272,582,629 1Inception Date 11/24/2000Positions 52Portfolio Turnover Rate (06/30/2013) 3.76%MER (06/30/2013 incl. HST) 3.79%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowFUND CODESLow toMediumMediumS&P/TSX Small Cap IndexMedium toHighHighSERIES CDN$ US$Series A Front 207Series A DSC 306Series A Low Load 523Series F 239Series O 104REASONS TO INVEST IN THIS FUND:• Breadth and depth of research. Since 1982, Franklin Bissett has been researching, analyzing and investing inCanadian equities. This in-depth knowledge has been applied to identifying exceptional microcapopportunities while managing potential risks.• Uncovering Canada’s hidden gems. One of the few mutual funds that invests in Canadian stocks with amarket capitalization of less than $350 million, making it an ideal complement to global or domestic large-capequity funds.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 37.85 25.03 -1.67 53.89 55.34 -49.04 -4.76 20.20 22.82 23.46Category Average Return 19.76 4.76 -10.40 25.07 49.57 -40.74 7.97 14.96 19.53 16.08Source: Morningstar Research Inc.60.00%40.00%20.00%0.00%-20.00%-40.00%-60.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -2.37 -2.37 -0.31 14.59 29.62 15.47 30.44 13.03 15.24Category Average Return -0.12 -0.12 4.14 13.10 16.10 3.18 16.12 7.57 8.08Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateCanada 100.00Top Holdings (%)Equitable Group Inc 4.04Easyhome Ltd 3.99Canam Group Inc 3.64ZCL Composites Inc 3.50Contrans Group Inc 3.48Glacier Media Inc 3.33Indigo Books & Music Inc. 3.14Calian Technologies Ltd. 3.11Equity Financial Holdings Inc 3.07Xtreme Drilling and Coil Services Corp 2.90Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 91.47• Cash & Cash Equivalents 8.53Energy 26.59Industrials 22.71Consumer Discretionary 22.42Financials 12.40Information Technology 7.51Materials 6.58Consumer Staples 1.81207 FFE 011440 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Canadian Equity January 31, 2014Franklin Bissett Small Cap FundEffective July 29, 2013, Bissett Small Cap Fund and Bissett Small Cap Corporate Class were renamed Franklin Bissett Small Cap Fund and Franklin BissettSmall Cap Corporate Class, respectively.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYThe objective of this Fund is to achieve long-termcapital appreciation by investing primarily in adiversified portfolio of small-capitalization Canadianequities that have proven management and long-termgrowth plans. The Fund may also invest in foreignsecurities.MORNINGSTAR CATEGORYCanadian Small/Mid Cap EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSRalph LindenblattRichard Fortin17 Years, Calgary, AB Canada18 Years, Calgary, AB CanadaFUND FACTSPrice per Unit $60.02Assets of the Fund $763,892,330 1Inception Date 11/24/2000Positions 46Portfolio Turnover Rate (06/30/2013) 4.45%MER (06/30/2013 incl. HST) 2.91%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowFUND CODESLow toMediumMediumS&P/TSX Small Cap IndexMedium toHighHighSERIES CDN$ US$Series A Front 223Series A DSC 323Series A Low Load 598Series F 253Series O 116CORPORATE CLASS CDN$ US$Series A Front 950Series A DSC 951Series A Low Load 788Series F 952Series O 954REASONS TO INVEST IN THIS FUND:• Small caps provide diversification. Adding small caps to an investment portfolio can complement large- andmid-cap holdings and help generate superior risk-adjusted returns over time.• Franklin Bissett’s time-tested process to balance risk and return. Understanding the volatility associated withsmall-cap investing, Franklin Bissett employs a disciplined “Growth at a Reasonable Price” (GARP) approachwhich seeks to maintain a balance between risk and return.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 33.57 20.92 -12.81 27.81 58.98 -42.69 -9.21 3.79 31.32 26.87Category Average Return 19.76 4.76 -10.40 25.07 49.57 -40.74 7.97 14.96 19.53 16.08Source: Morningstar Research Inc.60.00%40.00%20.00%0.00%-20.00%-40.00%-60.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -2.88 -2.88 1.60 13.32 25.08 9.81 23.62 9.33 10.32Category Average Return -0.12 -0.12 4.14 13.10 16.10 3.18 16.12 7.57 8.08Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% Equity)^ Fund inception dateCanada 100.00Top Holdings (%)Equitable Group Inc 6.51Canam Group Inc 5.74Richelieu Hardware Ltd 5.36Savanna Energy Services Corp 4.96Leon's Furniture Ltd. 4.57Winpak Ltd 4.12RONA Inc 3.75Transcontinental Inc 3.68Nuvista Energy Ltd 3.65Reitmans CDA Ltd 3.03Asset Class Weightings (%)Top Sector Weightings (% Equity)• Equity 92.44• Cash & Cash Equivalents 7.56Energy 25.68Consumer Discretionary 22.95Industrials 21.34Financials 12.73Materials 8.98Information Technology 4.24Consumer Staples 4.09223 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 41

Canadian Balanced January 31, 2014Franklin Bissett Strategic Income FundEffective July 29, 2013, Bissett Strategic Income Fund and Bissett Strategic Income Corporate Class were renamed Franklin Bissett Strategic Income Fundand Franklin Bissett Strategic Income Corporate Class, respectively.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYHigh current income and long-term capital appreciationby investing primarily, directly or indirectly throughinvesting in mutual funds managed by the Manager, ina diversified mix of income-generating equity and fixedincome securities from Canada and around the world.MORNINGSTAR CATEGORYCanadian Neutral BalancedPORTFOLIO MANAGERSLeslie A. LundquistThomas O'Gorman22 Years, Calgary, AB Canada24 Years, Calgary, AB CanadaFUND FACTSPrice per Unit $10.97Weighted Yield 1 5.96%Assets of the Fund $137,122,886 4Distributions Income paid monthly 1,3Inception Date 12/29/2011Positions 180Portfolio Turnover Rate (06/30/2013) 18.27%MER (06/30/2013 incl. HST) 2.29%Benchmark 25% DEX Universe Bond Index, 25% BarclaysCapital US Aggregate Index (CAD), 50% S&P/TSX Equity Income Index1 Please see detailed definitions at www.franklintempleton.ca/define.2 Exposure to these sectors is through the Fund’s investments in Series O of FranklinStrategic Income Fund and Franklin Bissett Bond Fund.3 The Fund may also pay capital gains in December if required.4 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 3542Series A DSC 3544Series A Low Load 3543Series F 3545Series I 3546Series O 3547CORPORATE CLASS CDN$ US$Series A Front 3548Series A DSC 3550Series A Low Load 3549Series F 3551Series I 3552Series O 3553Series R 3554Series S 3555Series T Front 3556Series T DSC 3558Series T Low Load 3557REASONS TO INVEST IN THIS FUND:• A unique approach to asset allocation to pursue the best Canadian and global yield opportunities.• High monthly income, mainly comprising tax-efficient Canadian dividends.• An investment solution aiming at generating equity-like returns with reduced risk.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 9.20 8.40 n/a n/a n/a n/a n/a n/a n/a n/aCategory Average Return 11.08 6.26 n/a n/a n/a n/a n/a n/a n/a n/aSource: Morningstar Research Inc.12.00%10.00%8.00%6.00%4.00%2.00%0.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -0.30 -0.30 0.52 4.53 6.80 n/a n/a n/a 8.29Category Average Return 0.56 0.56 2.61 6.80 9.77 n/a n/a n/a 8.67Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateCanada 68.15United States 17.83South Korea 1.12United Kingdom 0.89Mexico 0.72Malaysia 0.66Poland 0.60Luxembourg 0.56Sweden 0.55Hungary 0.53Top Holdings (%)Franklin Strategic Income Fund, Series O 28.52Veresen Inc. 2.73Medical Facilities Corp. 2.64Crescent Point Energy Corp. 2.58Twin Butte Energy Ltd. 2.51New Flyer Industries Inc. 2.18Canexus Corp. 2.16Cominar REIT 2.14Morneau Shepell Inc. 2.06Canadian Imperial Bank of Commerce 2.00Series A Distribution HistoryDate Price Distr. Date Price Distr.02/28/2013 $10.86 $0.03 08/30/2013 $10.80 $0.0303/28/2013 $10.95 $0.03 09/30/2013 $11.03 $0.0304/30/2013 $11.05 $0.03 10/31/2013 $11.26 $0.0305/31/2013 $11.01 $0.03 11/29/2013 $11.17 $0.0306/28/2013 $10.84 $0.03 12/23/2013 $10.97 $0.2907/31/2013 $10.91 $0.03 01/31/2014 $10.97 $0.03Asset Class Weightings (%)Top Sector Weightings (% of Equity)• Equity 52.56• Fixed Income 44.44• Cash & Cash Equivalents 3.01Energy 41.02Financials 22.16Industrials 15.64Materials 7.09Health Care 5.02Consumer Discretionary 3.66Telecommunication Services 2.97Utilities 1.65Consumer Staples 0.79Top Sector Weightings (% of Fixed Income) 2Global Government 24.38High Yield 18.57Canadian Corporate 18.47Canadian Provincial 14.10Floating Rate 8.23Global Corporate 4.00Canadian Federal 3.72MBS/ABS 3.71CMBS 2.48Canadian Municipal 2.10Bank Loans 0.18Equity 0.05Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements. 6% targeted Series T Return of Capital payout rate may change at the discretion of FranklinTempleton Investments.3542 FFE 011442 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

U.S. Equity January 31, 2014Franklin Bissett U.S. Focus Corporate ClassEffective July 29, 2013, Bissett U.S. Focus Corporate Class was renamed Franklin Bissett U.S. Focus Corporate Class.Franklin BissettINVESTMENT OBJECTIVE & STRATEGYLong-term capital appreciation by investingsubstantially all of its assets in units of Franklin BissettU.S. Focus Fund. The Fund seeks long-term capitalappreciation by investing primarily in a diversifiedportfolio of U.S. securities, utilizing a quantitative modelselection process.MORNINGSTAR CATEGORYUS EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSGarey J. AitkenJason Hornett22 Years, Calgary, AB Canada18 Years, Calgary, AB CanadaFUND FACTSPrice per Unit $12.78Assets of the Fund $75,137,150 1Inception Date 03/03/2008Positions 40Portfolio Turnover Rate (06/30/2013) 9.36%MER (06/30/2013 incl. HST) 2.73%Benchmark1 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONS&P 500 IndexREASONS TO INVEST IN THIS FUND:• A unique quantitative approach to investing in U.S. equities that limits selection to 40 securities and maintainsa neutral weighting of approximately 2.5% in any one security, reset every mid-month.• The quantitative model screens selections based on historical and projected financial data and withoutmanager or style bias.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 39.55 3.85 8.07 4.48 19.53 n/a n/a n/a n/a n/aCategory Average Return 38.71 10.60 -1.01 9.54 11.24 n/a n/a n/a n/a n/aSource: Morningstar Research Inc.40.00%30.00%20.00%10.00%0.00%-10.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series A • Category Average ReturnCompounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 2.90 2.90 9.98 14.52 36.39 15.06 15.49 n/a 4.61Category Average Return 0.86 0.86 8.09 14.85 32.70 14.33 15.09 n/a 7.01Source: Morningstar Research Inc. ^ Fund inception dateHOLDINGSTop Country Weightings (% Equity)Asset Class Weightings (%)LowFUND CODESLow toMediumMediumMedium toHighHighCORPORATE CLASS CDN$ US$Series A Front 3230 3235Series A DSC 3232 3237Series A Low Load 3231 3236Series F 3233 3238Series O 3234 3239United States 100.00Top Holdings (%)Actavis PLC 3.53Western Digital Corp 3.12Hewlett-Packard Co 3.09Allstate Corp 3.00Raytheon Co 2.94Kimberly-Clark Corp. 2.92CVS Caremark Corp. 2.89General Dynamics Corp 2.79Pfizer Inc 2.75Discover Financial Services 2.69Top Sector Weightings (% Equity)• Equity 97.35• Cash & Cash Equivalents 2.65Health Care 24.31Information Technology 16.09Financials 15.37Consumer Staples 14.61Industrials 11.07Consumer Discretionary 5.62Utilities 4.62Energy 4.19Materials 2.28Telecommunication Services 1.83For Dealer Use Only. Not For Distribution to the Public.3230 FFE 0114FRANKLIN TEMPLETON INVESTMENTS advisormonthly 43

U.S. Equity January 31, 2014Franklin Mutual U.S. Shares FundEffective February 17, 2014, Franklin Mutual Beacon Fund and Franklin Mutual Beacon Corporate Class were renamed Franklin Mutual U.S. Shares Fund andFranklin Mutual U.S. Shares Corporate Class, respectively.Franklin Mutual SeriesINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks long-term capital appreciation byinvesting primarily in equity and debt securities of U.S.issuers, but it may also invest in issuers throughout theworld.MORNINGSTAR CATEGORYGlobal EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSPeter LangermanDavid SegalDeborah TurnerFUND FACTS28 Years, New Jersey, United States23 Years, New Jersey, United States22 Years, New Jersey, United StatesPrice per Unit $5.45Assets of the Fund $175,863,341 2Inception Date 02/03/1997Positions 1 115Portfolio Turnover Rate (06/30/2013) 16.72%MER (06/30/2013 incl. HST) 2.73%BenchmarkS&P 500 Index1 Franklin Mutual U.S. Shares Fund positions are divided into equity and non-equity(distressed book) positions. Each non-equity position shows up separately, distorting thenumber of securities in the Fund.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 213 813Series A DSC 313 913Series A Low Load 556 557Series F 243 833Series I 285 863Series O 123 132Series T Front 3062Series T DSC 3064Series T Low Load 3063CORPORATE CLASS CDN$ US$Series A Front 755 757Series A DSC 756 758Series A Low Load 752 765Series F 759 760Series I 761 762Series O 763 764Series T Front 3158Series T DSC 3160Series T Low Load 3159REASONS TO INVEST IN THIS FUND:• A U.S.-focused mandate with up to 30% international exposure for added diversification within the Fund.• The portfolio manager employs a distinctive, three-pronged approach to investing that has withstood the testof time for 56 years, uncovering opportunities in undervalued stocks, merger arbitrage and distressedsecurities.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 29.27 14.27 -3.05 7.66 23.23 -44.77 -4.88 16.39 5.77 6.10Category Average Return 28.39 11.92 -7.10 6.58 16.54 -29.31 -5.04 17.18 7.26 5.74Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%-60.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -2.15 -2.15 1.79 7.07 19.19 11.20 14.48 2.20 4.07Category Average Return 0.10 0.10 4.99 12.61 22.96 9.57 12.34 3.58 4.50Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateUnited States 70.93United Kingdom 8.52Israel 3.37Germany 2.94Switzerland 2.35Netherlands 2.21Denmark 1.17Canada 0.85Others 2.59Cash & Cash Equivalents 5.07Top Holdings (%)Canary Wharf Group PLC 3.33Vodafone Group PLC 3.19Microsoft Corp 3.09Medtronic Inc 2.77Twenty-First Century Fox Inc 2.76Merck & Co. Inc. 2.55Wells Fargo & Co 2.37Apple Inc. 2.23Lehman Brothers Holdings Inc 2.21WPX Energy Inc 2.15Asset Class Weightings (%)Top Sector Weightings (% Total)• Undervalued Equities 79.97• Distressed Investments 14.71• Cash & Other Net Assets 5.07• Merger Arbitrage 0.25Consumer Discretionary 17.70Financials 16.42Information Technology 15.42Health Care 11.75Energy 10.60Consumer Staples 9.44Telecommunication Services 5.81Materials 3.07Others 4.73Cash & Cash Equivalents 5.07Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements.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 Investments.213 FFE 011444 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Global & International Equity January 31, 2014Franklin Mutual Global Discovery FundEffective July 29, 2013, Mutual Global Discovery Fund and Mutual Global Discovery Corporate Class were renamed Franklin Mutual Global Discovery Fundand Franklin Mutual Global Discovery Corporate Class, respectively.Franklin Mutual SeriesINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks long-term capital appreciation byinvesting primarily in the equity and debt securities ofissuers around the world.MORNINGSTAR CATEGORYGlobal EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSPhilippe Brugère-TrélatPeter LangermanTim RankinFUND FACTS30 Years, New Jersey, United States28 Years, New Jersey, United States22 Years, New Jersey, United StatesPrice per Unit $16.73Assets of the Fund $1,240,479,482 2Inception Date 02/17/2003Positions 1 155Portfolio Turnover Rate (06/30/2013) 16.95%MER (06/30/2013 incl. HST) 2.64%BenchmarkMSCI World Index1 Franklin Mutual Global Discovery Fund positions are divided into equity and non-equity(distressed book) positions. Each non-equity position shows up separately, distorting thenumber of securities in the Fund.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONREASONS TO INVEST IN THIS FUND:• A true “go anywhere” global mandate, investing around the world in all-cap equities and across all assetclasses.• The portfolio manager employs a distinctive, three-pronged approach to investing that has withstood the testof time for 56 years, uncovering opportunities in undervalued stocks, merger arbitrage and distressedsecurities.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 27.98 12.57 -3.40 7.73 13.94 -26.27 3.77 18.88 11.96 11.01Category Average Return 28.39 11.92 -7.10 6.58 16.54 -29.31 -5.04 17.18 7.26 5.74Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -2.05 -2.05 1.64 7.27 18.57 10.10 11.10 6.19 7.25Category Average Return 0.10 0.10 4.99 12.61 22.96 9.57 12.34 3.58 5.70Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateAsset Class Weightings (%)LowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 180 181Series A DSC 182 183Series A Low Load 184 185Series F 225 261Series I 3255 3363Series O 106 145Series T Front 3059 3256Series T DSC 3061 3258Series T Low Load 3060 3257CORPORATE CLASS CDN$ US$Series A Front 370 371Series A DSC 372 373Series A Low Load 374 375Series F 376 377Series I 3259 3362Series O 119 147Series T Front 3161 3260Series T DSC 3163 3262Series T Low Load 3162 3261United States 54.61United Kingdom 15.89France 6.06Netherlands 4.49Germany 3.24Israel 3.17South Korea 2.06Hong Kong 1.91Others 8.21Cash & Cash Equivalents 0.36Top Holdings (%)Vodafone Group PLC 2.60ACE Ltd 2.05Apple Inc. 2.02American International Group Inc 1.99Microsoft Corp 1.99Royal Dutch Shell 1.87Medtronic Inc 1.82Teva Pharmaceutical Industries Ltd 1.79ING Group NV 1.74Wells Fargo & Co 1.66Top Sector Weightings (% Total)• Undervalued Equities 91.52• Distressed Investments 7.87• Cash & Other Net Assets 0.36• Merger Arbitrage 0.25Financials 27.83Information Technology 11.77Energy 11.12Consumer Discretionary 10.64Consumer Staples 10.00Health Care 9.63Industrials 7.93Telecommunication Services 4.24Others 6.48Cash & Cash Equivalents 0.36Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements.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 Investments.180 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 45

Money Market January 31, 2014Franklin Bissett Money Market FundsLEAD AND CO-LEAD MANAGERSFranklin Bissett Money Market FundHeather McOuatt19 Years, Calgary, AB CanadaJeffrey Johnson18 Years, Calgary, AB CanadaFranklin Bissett Treasury Bill FundHeather McOuatt19 Years, Calgary, AB CanadaJeffrey Johnson18 Years, Calgary, AB CanadaFUND FACTSFranklin Bissett Money Market FundPrice per Unit : $10.00Assets of the Fund : $210,254,776 1Inception Date : 11/24/2000MER (06/30/2013 incl. HST) : 1.11%Franklin Bissett Treasury Bill FundPrice per Unit : $10.00Assets of the Fund : $66,213,374Inception Date : 03/02/1988MER (06/30/2013 incl. HST) : 0.83%1 Inclusive of trust and corporate class versions where applicable.Franklin Bissett Money Market FundEffective July 29, 2013, Franklin Templeton Money Market Fund and Franklin Templeton Money Market Corporate Class were renamedFranklin Bissett Money Market Fund and Franklin Bissett Money Market Corporate Class, respectively.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 0.27 0.42 0.37 0.16 0.41 2.59 3.58 2.98 1.71 1.35Category Average Return 0.48 0.49 0.48 0.23 0.38 2.46 3.56 3.11 1.80 1.43Source: Morningstar Research Inc.Compounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.02 0.02 0.07 0.13 0.27 0.35 0.31 1.36 1.63Category Average Return 0.04 0.04 0.12 0.24 0.48 0.48 0.40 1.42 1.68Source: Morningstar Research Inc.^ Fund inception dateFranklin Bissett Treasury Bill FundEffective July 29, 2013, Franklin Templeton Treasury Bill Fund was renamed Franklin Bissett Treasury Bill Fund.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 0.35 0.42 0.47 0.16 0.35 2.57 3.77 3.15 1.90 1.56Category Average Return 0.48 0.49 0.48 0.23 0.38 2.46 3.56 3.11 1.80 1.43Source: Morningstar Research Inc.Compounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.03 0.03 0.08 0.16 0.34 0.41 0.33 1.45 3.93Category Average Return 0.04 0.04 0.12 0.24 0.48 0.48 0.40 1.42 3.93Source: Morningstar Research Inc.^ Fund inception dateFUND CODESFranklin Bissett Money Market FundSERIES CDN$ US$Series A Front 204Series A DSC 304Series A Low Load 521Series F 236Series I 279Series O 117CORPORATE CLASS CDN$ US$Series A Front 935Series A DSC 936Series A Low Load 782Series F 937Series I 938Series O 939Franklin Bissett Treasury Bill FundSERIES CDN$ US$Series A Front 703Series A DSC 733Series A Low Load 664Series F 743Series I 781Series O 166CA FFMME 011446 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

Yield Class Solutions January 31, 2014Yield Class InvestmentsAll Yield Class investments are currently closed to new investment due to certain changes announced in the federal government’s 2013 budget proposal.LEAD AND CO-LEAD MANAGERSFranklin Bissett Bond Yield ClassHeather McOuatt19 Years, Calgary, AB CanadaThomas O'Gorman24 Years, Calgary, AB CanadaFranklin Bissett Canadian Short Term Bond YieldClassHeather McOuatt19 Years, Calgary, AB CanadaDarcy Briggs20 Years, Calgary, AB CanadaFranklin Bissett Corporate Bond Yield ClassHeather McOuatt19 Years, Calgary, AB CanadaDarcy Briggs20 Years, Calgary, AB CanadaFranklin Bissett Money Market Yield ClassHeather McOuatt19 Years, Calgary, AB CanadaJeffrey Johnson18 Years, Calgary, AB CanadaTempleton Global Bond Hedged Yield ClassMichael Hasenstab19 Years, California, United StatesSonal Desai20 Years, California, United StatesFUND FACTSFranklin Bissett Bond Yield ClassPrice per Unit : $12.56Assets of the Fund : $94,684,140Inception Date : 09/11/2006MER (06/30/2013 incl. HST) : 1.61%Franklin Bissett Canadian Short Term Bond YieldClassPrice per Unit : $10.52Assets of the Fund : $34,652,567Inception Date : 09/27/2010MER (06/30/2013 incl. HST) : 1.41%Franklin Bissett Corporate Bond Yield ClassPrice per Unit : $12.75Assets of the Fund : $35,757,294Inception Date : 12/18/2006MER (06/30/2013 incl. HST) : 1.62%Franklin Bissett Money Market Yield ClassPrice per Unit : $10.57Assets of the Fund : $29,522,718Inception Date : 09/11/2006MER (06/30/2013 incl. HST) : 1.12%Templeton Global Bond Hedged Yield ClassPrice per Unit : $9.90Assets of the Fund : $164,563,443Inception Date : 09/27/2010MER (06/30/2013 incl. HST) : 2.24%Franklin Bissett Bond Yield ClassEffective July 29, 2013, Bissett Bond Yield Class was renamed Franklin Bissett Bond Yield Class.Compounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 2.20 2.20 1.54 2.37 0.81 3.47 4.50 n/a 3.34Category Average Return 2.40 2.40 1.81 2.70 1.82 4.09 5.14 n/a 4.31Source: Morningstar Research Inc.^ Fund inception dateFranklin Bissett Canadian Short Term Bond Yield ClassEffective July 29, 2013, Bissett Canadian Short Term Bond Yield Class was renamed Franklin Bissett Canadian Short Term Bond Yield Class.Compounded Returns and Category 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 0.77 0.67 1.15 1.06 1.70 n/a n/a 1.47Category Average Return 0.82 0.82 0.91 1.56 1.83 2.14 n/a n/a 1.95Source: Morningstar Research Inc.^ Fund inception dateFranklin Bissett Corporate Bond Yield ClassEffective July 29, 2013, Bissett Corporate Bond Yield Class was renamed Franklin Bissett Corporate Bond Yield Class.Compounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 1.92 1.92 1.51 2.41 1.76 3.89 5.34 n/a 3.60Category Average Return 2.40 2.40 1.81 2.70 1.82 4.09 5.14 n/a 4.24Source: Morningstar Research Inc.^ Fund inception dateFranklin Bissett Money Market Yield ClassEffective July 29, 2013, Franklin Templeton Money Market Yield Class was renamed Franklin Bissett Money Market Yield Class.Compounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A 0.00 0.00 0.00 0.00 0.10 0.17 0.14 n/a 0.91Category Average Return 0.03 0.03 0.10 0.19 0.35 0.40 n/a n/a n/aSource: Morningstar Research Inc.^ Fund inception dateTempleton Global Bond Hedged Yield ClassCompounded Returns and Category Returns in Canadian Dollars (%)YTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -2.37 -2.37 -3.42 -2.27 -6.52 -0.20 n/a n/a -0.30Category Average Return 2.99 2.99 3.14 5.34 4.44 5.12 n/a n/a 3.98Source: Morningstar Research Inc.FUND CODES^ Fund inception dateFranklin Bissett Bond Yield ClassYIELD CLASS CDN$ US$Series A Front 1200Series A DSC 1202Series A Low Load 1201Series F 1203Series I 3377Series O 1204Franklin Bissett Money Market Yield ClassYIELD CLASS CDN$ US$Series A Front 1210Series A DSC 1212Series A Low Load 1211Series F 1213Series I 3378Series O 1214Franklin Bissett Canadian Short Term Bond YieldClassYIELD CLASS CDN$ US$Series A Front 3443Series A DSC 3445Series A Low Load 3444Series F 3446Series I 3447Series O 3448Templeton Global Bond Hedged Yield ClassYIELD CLASS CDN$ US$Series A Front 3454 3521Series A DSC 3456 3523Series A Low Load 3455 3522Series F 3457 3524Series I 3458 3525Series O 3459 3526Series R 3460Series S 3461Series T Front 3462Series T DSC 3464Series T Low Load 3463Franklin Bissett Corporate Bond Yield ClassYIELD CLASS CDN$ US$Series A Front 1205Series A DSC 1207Series A Low Load 1206Series F 1208Series I 3376Series O 1209Series T Front 3601Series T DSC 3603Series T Low Load 3602CA FFYCE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 47

stellar performanceacross key asset classesOverall 3-Year 5-Year 10-YearFRANKLIN BISSETT ENERGY CORPORATE CLASS N/ANatural Resources Equity Category 139 139 112 61FRANKLIN BISSETT MICROCAP FUND Canadian Small/Mid Cap Equity Category 163 163 145 64FRANKLIN BISSETT ALL CANADIAN FOCUS FUND N/ACanadian Equity Category 299 299 238 103FRANKLIN BISSETT CANADIAN ALL CAP BALANCED FUND N/ACanadian Equity Balanced Category 268 268 209 75FRANKLIN BISSETT CANADIAN BALANCED FUND Canadian Neutral Balanced Category 390 390 267 105FRANKLIN BISSETT CANADIAN EQUITY FUND Canadian Equity Category 299 299 238 103FRANKLIN BISSETT CANADIAN HIGH DIVIDEND FUND Canadian Small/Mid Cap Equity Category 163 163 145 64FRANKLIN BISSETT CORPORATE BOND FUND N/ACanadian Fixed Income Equity 326 326 216 103FRANKLIN BISSETT DIVIDEND INCOME FUND Canadian Equity Balanced Category 268 268 209 75FRANKLIN BISSETT SMALL CAP FUND Canadian Small/Mid Cap Equity Category 163 163 145 64FRANKLIN BISSETT U.S. FOCUS CORPORATE CLASS N/AUS Equity Category 417 417 340 175FRANKLIN MUTUAL GLOBAL DISCOVERY FUND Global Equity Category 680 680 543 208TEMPLETON GLOBAL BALANCED FUND N/ATactical Balanced Category 87 87 52 10TEMPLETON GROWTH CORPORATE CLASS Global Equity 680 680 543 208TEMPLETON GLOBAL BOND FUND Global Fixed Income Category 77 77 55 31Morningstar Ratings as of 31/01/2014. Measuring risk-adjusted returns of Franklin TempletonSeries A units/shares compared to funds in their respective Morningstar category.At Franklin Templeton, we’ve maintained an unwavering focuson investment excellence for more than 55 years. Today, we offera wide range of 4- and 5-star rated funds across multiple assetclasses, from Canadian equity to global fixed income.Find out more at franklintempleton.ca/performance.Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectusbefore investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.Source: Morningstar Research Inc., as of 31/01/2014. All rights reserved. The information contained herein is proprietary to Morningstar and/or its contentproviders; may not be copied or distributed; and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers areresponsible for any damages or losses arising from any use of this information. The Morningstar Risk-Adjusted Rating, commonly referred to as the StarRating, relates the risk-adjusted performance of a fund to that of its category peers and is subject to change every month. The Star Rating is a measure ofa fund’s annualized historical excess return (excess is measured relative to risk-free investment in Canadian Government Treasury Bills) adjusted for thefund’s historical risk. The overall Star Rating for a fund is a weighted combination of its three, five, and ten year ratings. Overall ratings are adjusted wherea fund has less than five or ten years’ history. A fund scoring in the top 10% of its fund category receives 5 stars, a fund scoring within 10.1 to 22.5%of its fund category receives 4 stars and a fund scoring within 22.6% and 35.0% of its fund category receives 3 stars. All performance data refers toSeries A units. Please refer to www.morningstar.ca for more details on the calculation of Morningstar Risk-Adjusted Ratings and for the 1-year information.© 2014 Franklin Templeton Investments Corp. All rights reserved.48 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

estbuilt ® Portfolio Optimization Servicebestbuilt Is a Powerful Tool You Can Use to Diversify a Client’s PortfolioTo Put bestbuilt to Work for You, Contact Your Sales Manager at 1.855.383.8637.FRANKLIN TEMPLETON INVESTMENTS FUND CORRELATION MATRIX*A portfolio constructed with funds that are highly correlated—a perfect correlation is 1.00—may not produceoptimum returns. A portfolio that is balanced across funds with low correlations to each other—a perfectly negativecorrelation is -1.00—can position the investor for smoother performance as market conditions change. Correlationsare based on performance data as at January 31, 2014. Correlations higher than 0.80 are shown in bold.*Funds with fewer than 36 months of data are not included.12345678910111213141516171819202122231 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 2310.92 10.73 0.80 10.76 0.81 0.73 10.71 0.72 0.81 0.61 10.76 0.85 0.86 0.71 0.92 10.68 0.65 0.53 0.52 0.52 0.59 10.65 0.78 0.71 0.58 0.63 0.79 0.47 10.62 0.75 0.67 0.56 0.62 0.73 0.37 0.94 1-0.04 0.00 -0.06 -0.09 -0.02 -0.01 -0.36 0.04 0.10 1-0.15 -0.29 -0.32 -0.15 -0.35 -0.43 -0.34 -0.17 -0.03 0.25 10.47 0.45 0.32 0.58 0.26 0.32 0.72 0.23 0.09 -0.31 -0.24 10.81 0.86 0.79 0.70 0.77 0.85 0.74 0.77 0.71 -0.07 -0.27 0.54 10.82 0.87 0.77 0.72 0.74 0.84 0.72 0.79 0.73 -0.07 -0.25 0.54 0.99 10.68 0.73 0.64 0.52 0.67 0.73 0.56 0.66 0.73 0.18 -0.07 0.20 0.69 0.67 10.90 0.92 0.83 0.71 0.78 0.83 0.62 0.75 0.73 0.06 -0.25 0.35 0.85 0.84 0.78 10.90 0.91 0.83 0.69 0.79 0.83 0.64 0.73 0.70 0.07 -0.26 0.35 0.86 0.85 0.78 0.99 10.73 0.75 0.54 0.52 0.67 0.72 0.73 0.66 0.63 -0.05 -0.36 0.43 0.83 0.85 0.68 0.73 0.75 10.64 0.70 0.61 0.51 0.62 0.68 0.58 0.68 0.76 0.17 -0.01 0.27 0.68 0.67 0.95 0.73 0.73 0.67 10.22 0.30 0.09 0.24 0.07 0.13 0.14 0.29 0.47 0.02 0.22 0.06 0.11 0.13 0.46 0.22 0.19 0.27 0.60 10.69 0.72 0.61 0.53 0.69 0.70 0.78 0.56 0.56 -0.05 -0.34 0.46 0.80 0.78 0.73 0.75 0.77 0.87 0.76 0.31 10.77 0.80 0.65 0.63 0.71 0.80 0.84 0.71 0.65 -0.11 -0.32 0.60 0.90 0.91 0.72 0.77 0.78 0.93 0.75 0.28 0.87 10.79 0.81 0.67 0.62 0.78 0.84 0.70 0.72 0.71 0.02 -0.29 0.40 0.87 0.88 0.81 0.81 0.83 0.95 0.79 0.31 0.86 0.94 1Franklin Bissett All Canadian FocusFranklin Bissett Canadian Equity Class AFranklin Bissett Canadian High Dividend AFranklin Bissett Dividend Income Class AFranklin Bissett Microcap Class AFranklin Bissett Small Cap Class AFranklin Flex Cap Growth Corp ClassFranklin High IncomeFranklin Strategic IncomeFranklin Bissett Money Market Class AFranklin Bissett Treasury BillFranklin U.S. Rising Dividend AFranklin Mutual U.S. SharesFranklin Mutual Global DiscoveryTempleton BRIC Corporate ClassTempleton Canadian BalancedTempleton Canadian StockTempleton EAFE Developed Markets ATempleton Emerging MarketsTempleton Global BondTempleton Global Smaller CompaniesTempleton GrowthTempleton International StockFor Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 49

FUND RATINGSMorningstar Overall, 3-, 5- and 10-Year RatingsAs at January 31, 20145-Star Overall Morningstar RatingOVERALL 3-YR. # OF 5-YR. # OF 10-YR. # OFFUND NAME (SERIES A) MORNINGSTAR RATING MORNINGSTAR CATEGORY RATING FUNDS RATING FUNDS RATING FUNDSFranklin Bissett Energy Corporate Class ´´´´´ Natural Resources Equity 5 139 5 112 N/A N/AFranklin Bissett Microcap Fund ´´´´´ Canadian Small/Mid Cap Equity 4 163 5 145 5 644-Star Overall Morningstar RatingOVERALL 3-YR. # OF 5-YR. # OF 10-YR. # OFFUND NAME (SERIES A) MORNINGSTAR RATING MORNINGSTAR CATEGORY RATING FUNDS RATING FUNDS RATING FUNDSFranklin Bissett All Canadian Focus Fund ´´´´ Canadian Equity 4 299 4 238 N/A N/AFranklin Bissett Canadian All Cap Balanced Fund ´´´´ Canadian Equity Balanced 4 268 4 209 N/A N/AFranklin Bissett Canadian Balanced Fund ´´´´ Canadian Neutral Balanced 5 390 4 267 3 105Franklin Bissett Canadian Equity Fund ´´´´ Canadian Equity 4 299 5 238 4 103Franklin Bissett Canadian High Dividend Fund ´´´´ Canadian Small/Mid Cap Equity 3 163 3 145 4 64Franklin Bissett Corporate Bond Fund ´´´´ Canadian Fixed Income 4 326 4 216 N/A N/AFranklin Bissett Dividend Income Fund ´´´´ Canadian Equity Balanced 4 268 4 209 4 75Franklin Bissett Small Cap Fund ´´´´ Canadian Small/Mid Cap Equity 4 163 4 145 3 64Franklin Bissett U.S. Focus Corporate Class ´´´´ U.S. Equity 3 417 4 340 N/A N/AFranklin Mutual Global Discovery Fund ´´´´ Global Equity 3 680 2 543 5 208Templeton Global Balanced Fund ´´´´ Tactical Balanced 5 87 3 52 N/A N/ATempleton Global Bond Fund ´´´´ Global Fixed Income 3 77 4 55 4 313-Star Overall Morningstar RatingOVERALL 3-YR. # OF 5-YR. # OF 10-YR. # OFFUND NAME (SERIES A) MORNINGSTAR RATING MORNINGSTAR CATEGORY RATING FUNDS RATING FUNDS RATING FUNDSFranklin Bissett Bond Fund ´´´ Canadian Fixed Income 3 326 3 216 3 103Franklin Bissett Canadian Dividend Fund ´´´ Canadian Dividend & Income Equity 3 268 4 217 3 58Franklin Bissett Canadian Short Term Bond Fund ´´´ Canadian Short Term Fixed Income 3 116 3 69 3 38Franklin Bissett Canadian Short Term Bond Yield Class ´´´ Canadian Short Term Fixed Income 3 116 N/A N/A N/A N/AFranklin Bissett Corporate Bond Yield Class ´´´ Canadian Fixed Income 3 326 3 216 N/A N/AFranklin Flex Cap Growth Fund ´´´ U.S. Equity 3 417 2 340 3 175Franklin High Income Fund ´´´ High Yield Fixed Income 4 144 4 69 1 38Franklin Mutual U.S. Shares Fund ´´´ Global Equity 3 680 4 543 2 208Franklin Quotential Balanced Growth Portfolio ´´´ Global Equity Balanced 2 468 3 406 4 121Franklin Quotential Balanced Income Portfolio ´´´ Global Neutral Balanced 2 419 3 309 3 72Franklin Quotential Diversified Equity Portfolio ´´´ Global Equity 3 680 3 543 3 208Franklin Quotential Diversified Income Portfolio ´´´ Global Fixed Income Balanced 3 175 3 135 3 19Franklin U.S. Core Equity Fund ´´´ U.S. Equity 2 417 3 340 N/A N/AFranklin World Growth Corporate Class ´´´ Global Equity 2 680 3 543 N/A N/ATempleton Global Smaller Companies Fund ´´´ Global Small/Mid Cap Equity 2 79 3 72 3 33Templeton Growth Fund, Ltd. ´´´ Global Equity 4 680 3 543 3 208Templeton International Stock Fund ´´´ International Equity 3 265 3 211 3 8650 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

2-Star Overall Morningstar RatingOVERALL 3-YR. # OF 5-YR. # OF 10-YR. # OFFUND NAME (SERIES A) MORNINGSTAR RATING MORNINGSTAR CATEGORY RATING FUNDS RATING FUNDS RATING FUNDSFranklin Bissett Bond Yield Class ´´ Canadian Fixed Income 2 326 2 216 N/A N/AFranklin Quotential Growth Portfolio ´´ Global Equity Balanced 2 468 3 406 2 121Franklin Strategic Income Fund ´´ High Yield Fixed Income 2 144 2 69 1 38Franklin U.S. Rising Dividends Fund ´´ U.S. Equity 3 417 2 340 2 175Templeton BRIC Corporate Class ´´ Emerging Markets Equity 1 105 2 71 N/A N/ATempleton Canadian Balanced Fund ´´ Tactical Balanced 2 87 3 52 2 10Templeton EAFE Developed Markets Fund ´´ International Equity 3 265 2 211 2 86Templeton Emerging Markets Fund ´´ Emerging Markets Equity 2 105 2 71 2 341-Star Overall Morningstar RatingOVERALL 3-YR. # OF 5-YR. # OF 10-YR. # OFFUND NAME (SERIES A) MORNINGSTAR RATING MORNINGSTAR CATEGORY RATING FUNDS RATING FUNDS RATING FUNDSTempleton Asian Growth Corporate Class ´ Asia Pacific ex-Japan Equity 1 24 N/A N/A N/A N/ATempleton Canadian Stock Fund ´ Canadian Equity 1 299 2 238 1 103Templeton Global Bond Hedged Yield Class ´ Global Fixed Income 1 77 N/A N/A N/A N/AMorningstar 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).Past performance does not guarantee future results.Source: Morningstar Research Inc., as of January 31, 2014. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete ortimely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar Risk-Adjusted Rating, commonly referred to as the Star Rating, relates the risk-adjusted performance ofa fund to that of its category peers and is subject to change every month. The Star Rating is a measure of a fund’s annualized historical excess return (excess is measured relative to risk-free investment in Canadian Government Treasury Bills) adjusted forthe fund’s historical risk. The overall Star Rating for a fund is a weighted combination of its three, five, and ten year ratings. Overall ratings are adjusted where a fund has less than five or ten years’ history. A fund scoring in the top 10% of its fund categoryreceives 5 stars; in the 10.1% to 22.5 % of the category receives 4 stars; in the middle 35% of the category receives 3 stars; between the lower tranches of 10.1% to 22.5% receives two stars; and in the bottom 10% receives 1 star.For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 51

Portfolio and Fund ManagersOUR INVESTMENT MANAGEMENT TEAMGAREY J. AITKEN, CFA, MBALEAD/CO-LEAD MANAGER: Franklin Bissett All Canadian Focus Fund,Franklin Bissett Canadian Balanced Fund, Franklin Bissett CanadianEquity Fund, Franklin Bissett Energy Corporate Class, Franklin Bissett U.S.Focus Corporate Class, Franklin Bissett Canadian All Cap Balanced FundINDUSTRY EXPERIENCE: 21 years.LOCATION: Calgary, ABCHRISTOPHER ANDERSON, MBACO-LEAD MANAGER: Franklin U.S. Core Equity FundINDUSTRY EXPERIENCE: 8 yearsLOCATION: San Mateo, CARICHARD FORTIN, CFACO-LEAD MANAGER: Franklin Bissett Small Cap Fund,Franklin Bissett Microcap FundINDUSTRY EXPERIENCE: 17 yearsLOCATION: Calgary, ABNICHOLAS GETAZ, CFACO-LEAD MANAGER: Franklin U.S. Rising Dividends Fund, FranklinU.S. Rising Dividends Hedged Corporate ClassINDUSTRY EXPERIENCE: 13 yearsLOCATION: Fort Lee, NJBRUCE BAUGHMAN, CPACO-LEAD MANAGER: Franklin U.S. Rising Dividends Fund, FranklinU.S. Rising Dividends Hedged Corporate ClassINDUSTRY EXPERIENCE: 30 yearsLOCATION: Fort Lee, NJDARCY BRIGGS, CFA, CGACO-LEAD MANAGER: Franklin Bissett Canadian Short TermBond Fund, Franklin Bissett Corporate Bond Fund, FranklinBissett Corporate Bond Yield Class,Franklin Bissett Canadian All Cap Balanced FundINDUSTRY EXPERIENCE: 19 yearsLOCATION: Calgary, ABPHILIPPE BRUGÈRE-TRÉLATCO-LEAD MANAGER: Franklin Mutual Global Discovery FundINDUSTRY EXPERIENCE: 29 yearsLOCATION: Short Hills, NJMICHAEL HASENSTAB, Ph.D.CO-LEAD MANAGER: Templeton Global Bond Fund, Templeton GlobalBond Fund (Hedged), Templeton Global Bond Hedged Yield ClassLEAD FIXED INCOME MANAGER: Templeton Global Balanced FundINDUSTRY EXPERIENCE: 18 yearsLOCATION: San Mateo, CACONRAD B. HERRMANN, CFA, MBALEAD MANAGER: Franklin Flex Cap Growth FundINDUSTRY EXPERIENCE: 30 yearsLOCATION: San Mateo, CAJASON HORNETT, CFACO-LEAD MANAGER: Franklin Bissett All Canadian Focus Fund,Franklin Bissett U.S. Focus Corporate ClassINDUSTRY EXPERIENCE: 17 yearsLOCATION: Calgary, ABTIM CAULFIELD, CFACO-LEAD MANAGER: Franklin Bissett Canadian Equity FundINDUSTRY EXPERIENCE: 13 yearsLOCATION: Calgary, ABDON HUBER, CFALEAD MANAGER: Franklin World Growth Corporate ClassINDUSTRY EXPERIENCE: 31 yearsLOCATION: New York, NYSTEVE CHAE, MBACO-LEAD MANAGER: Templeton Asian Growth Corporate ClassINDUSTRY EXPERIENCE: 14 yearsLOCATION: Seoul, South KoreaJEFFREY JOHNSON, CFA, MBACO-LEAD MANAGER: Franklin Bissett Money Market Fund,Franklin Bissett Money Market Yield Class, FranklinBissett T-Bill FundINDUSTRY EXPERIENCE: 17 yearsLOCATION: Calgary, ABJAY CHOI, CFA, MBACO-LEAD MANAGER: Templeton Asian Growth Corporate ClassINDUSTRY EXPERIENCE: 10 yearsLOCATION: Seoul, South KoreaSTEVEN KORNFELD, CFA, MBALEAD MANAGER: Franklin U.S. Core Equity FundINDUSTRY EXPERIENCE: 24 yearsLOCATION: San Mateo, CAMARTIN COBB, CFALEAD MANAGER: Templeton Global Smaller Companies FundINDUSTRY EXPERIENCE: 21 yearsLOCATION: Toronto, ONALLAN LAM, CPACO-LEAD MANAGER: Templeton Asian Growth Corporate ClassINDUSTRY EXPERIENCE: 26 yearsLOCATION: SingaporeRYAN CROWTHER, CFACO-LEAD MANAGER: Franklin Bissett Dividend Income Fund,Franklin Bissett Canadian Dividend FundINDUSTRY EXPERIENCE: 11 yearsLOCATION: Calgary, ABPETER LANGERMAN, CEO, CPACO-LEAD MANAGER: Franklin Mutual Global Discovery Fund,Franklin Mutual U.S. Shares FundINDUSTRY EXPERIENCE: 27 yearsLOCATION: Short Hills, NJSONAL DESAI, Ph.D.CO-LEAD MANAGER: Templeton Global Bond Fund,Templeton Global Bond Fund (Hedged), Templeton GlobalBond Hedged Yield ClassINDUSTRY EXPERIENCE: 19 yearsLOCATION: San Mateo, CARALPH LINDENBLATT, CFACO-LEAD MANAGER: Franklin Bissett Small Cap Fund,Franklin Bissett Microcap Fund, Franklin BissettCanadian All Cap Balanced FundINDUSTRY EXPERIENCE: 16 yearsLOCATION: Calgary, AB52 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

GLOBAL THINKING. LOCAL PRESENCE.STEPHEN LINGARD, CFA, MBACO-LEAD MANAGER: Franklin Quotential ® ProgramINDUSTRY EXPERIENCE: 19 yearsLOCATION: Toronto, ONEDWARD D. PERKS, CFACO-LEAD MANAGER: Franklin Income Fund, Franklin Income HedgedCorporate ClassINDUSTRY EXPERIENCE: 20 yearsLOCATION: San Mateo, CAWILLIAM LIPPMAN, MBACO-LEAD MANAGER: Franklin U.S. Rising Dividends Fund,Franklin U.S. Rising Dividends Hedged Corporate ClassINDUSTRY EXPERIENCE: 58 yearsLOCATION: Fort Lee, NJALEX W. PETERS, CFACO-LEAD MANAGER: Franklin Income Fund, Franklin Income HedgedCorporate ClassINDUSTRY EXPERIENCE: 21 yearsLOCATION: San Mateo, CABRENT LODER, MBALEAD MANAGER: Franklin U.S. Core Equity FundINDUSTRY EXPERIENCE: 7 yearsLOCATION: San Mateo, CAMATT QUINLAN, MBACO-LEAD MANAGER: Franklin Income Fund, Franklin Income HedgedCorporate ClassINDUSTRY EXPERIENCE: 18 yearsLOCATION: San Mateo, CALESLIE A. LUNDQUIST, CFACO-LEAD MANAGER: Franklin Bissett Canadian HighDividend Fund, Franklin Bissett Strategic Income FundINDUSTRY EXPERIENCE: 21 yearsLOCATION: Calgary, ABDONALD F. REED, CFA, CICLEAD MANAGER: Templeton Canadian Stock Fund,Templeton International Stock FundLEAD EQUITY MANAGER: Templeton Canadian Balanced FundINDUSTRY EXPERIENCE: 42 yearsLOCATION: Toronto, ONHEATHER MCOUATT, CFACO-LEAD MANAGER: Franklin Bissett Bond Fund, Franklin Bissett Corp.Bond Fund, Franklin Bissett Cdn. Short Term Bond Fund, Franklin BissettBond Yield Class, Franklin Bissett Corporate Bond Yield Class, FranklinBissett Money Market Fund, Franklin Bissett Money Market Yield Class,Franklin Bissett T-Bill FundCO-LEAD FIXED INCOME MANAGER: Templeton Cdn. Balanced FundINDUSTRY EXPERIENCE: 18 years. LOCATION: Calgary, ABMATTHEW J. MOBERG, CPA, MBACO-LEAD MANAGER: Franklin Flex Cap Growth FundINDUSTRY EXPERIENCE: 15 yearsLOCATION: San Mateo, CADAVID SEGAL, CFACO-LEAD MANAGER: Franklin Mutual U.S. Shares FundINDUSTRY EXPERIENCE: 23 yearsLOCATION: Short Hills, NJBRENT S. SMITH, CFACO-LEAD MANAGER: Franklin Quotential ® ProgramINDUSTRY EXPERIENCE: 22 yearsLOCATION: Fort Lauderdale, FLJ. MARK MOBIUS, Ph.D.LEAD MANAGER: Templeton Asian Growth Corporate Class,Templeton BRIC Corporate Class, Templeton Emerging Markets Fund,Templeton Frontier Markets Corporate ClassINDUSTRY EXPERIENCE: 45 yearsLOCATION: SingaporePETER MOESCHTER, CFA, MBALEAD MANAGER: Templeton EAFE Developed Markets FundINDUSTRY EXPERIENCE: 21 yearsLOCATION: Toronto, ONLES E. STELMACH, CFACO-LEAD MANAGER: Franklin Bissett Energy Corporate Class,Franklin Bissett Canadian High Dividend Fund,Franklin Bissett Dividend Income Fund, Franklin BissettCanadian Dividend FundINDUSTRY EXPERIENCE: 14 yearsLOCATION: Calgary, ABROBERT STEVENSON, CFACO-LEAD MANAGER: Franklin Flex Cap Growth FundINDUSTRY EXPERIENCE: 10 yearsLOCATION: San Mateo, CACHRISTOPHER J. MOLUMPHY, CFA, MBACO-LEAD MANAGER: Franklin High Income Fund,Franklin Strategic Income FundINDUSTRY EXPERIENCE: 26 yearsLOCATION: San Mateo, CAERIC G. TAKAHA, CFA, MBACO-LEAD MANAGER: Franklin High Income Fund,Franklin Strategic Income FundINDUSTRY EXPERIENCE: 24 yearsLOCATION: San Mateo, CALISA MYERS, J.D., CFALEAD MANAGER: Templeton Growth Fund, Ltd.LEAD EQUITY MANAGER: Templeton Global Balanced FundINDUSTRY EXPERIENCE: 17 yearsLOCATION: Nassau, BahamasDON TAYLOR, CPALEAD MANAGER: Franklin U.S. Rising Dividends Fund,Franklin U.S. Rising Dividends Hedged Corporate ClassINDUSTRY EXPERIENCE: 31 yearsLOCATION: Fort Lee, NJTHOMAS O’GORMAN, CFA, MBACO-LEAD MANAGER: Franklin Bissett Bond Fund,Franklin Bissett Cdn Balanced Fund, Franklin Bissett Bond YieldClass, Franklin Bissett Strategic Income Fund, Franklin BissettCanadian All Cap Balanced FundCO-LEAD FIXED INCOME MANAGER: Templeton CanadianBalanced FundINDUSTRY EXPERIENCE: 23 years. LOCATION: Calgary, ABDEBORAH TURNER, CFACO-LEAD MANAGER: Franklin Mutual U.S. Shares FundINDUSTRY EXPERIENCE: 22 yearsLOCATION: Short Hills, NJFor Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 53

FUNDS AT A GLANCEPortfolio and Fund Codes, Styles and DistributionsSERIES A SERIES A SERIES A SERIES A SERIES A SERIES A SERIES F SERIES F SERIES I* SERIES I* SERIES O † SERIES O † SERIES R †CDN$ CDN$ CDN$ U.S.$ U.S.$ U.S.$ CDN$ U.S.$ CDN$ U.S.$ CDN$ U.S.$ CDN$FRONT LOW LOAD DSC FRONT LOW LOAD DSC (NO LOAD) (NO LOAD) FRONT FRONT (NO LOAD) (NO LOAD) (NO LOAD)FRANKLIN QUOTENTIAL PROGRAMFranklin Quotential Diversified Income Portfolio 3250 3251 3252 – – – 3253 – 267 – 170 – –Franklin Quotential Diversified Income Corporate Class Portfolio 1022 1023 1024 3515 3516 3517 1025 3518 1026 3519 1027 3520 3173Franklin Quotential Balanced Income Portfolio 656 640 657 3700 3701 3702 670 3703 677 3704 683 3705 3068Franklin Quotential Balanced Income Corporate Class Portfolio 1028 1029 1030 3706 3707 3708 1031 3709 3365 3710 1033 3711 3178Franklin Quotential Balanced Growth Portfolio 658 642 659 – – – 671 – 678 – 685 – 3069Franklin Quotential Balanced Growth Corporate Class Portfolio 1034 1035 1036 – – – 1037 – 3364 – 1039 – 3183Franklin Quotential Growth Portfolio 660 645 661 662 644 663 672 673 679 680 686 687 3071Franklin Quotential Diversified Equity Portfolio 255 821 823 324 822 824 844 855 856 857 858 859 3070Franklin Quotential Diversified Equity Corporate Class Portfolio 1052 1053 1054 1058 1059 1060 1055 1061 1056 1062 1057 1063 3198TEMPLETON FUNDSTempleton Asian Growth Corporate Class 3489 3490 3491 3495 3496 3497 3492 3498 3493 3499 3494 3500 –Templeton BRIC Corporate Class 1076 1077 1078 1081 1082 1083 1079 1084 3358 3359 1080 1085 –Templeton Canadian Balanced Fund 212 529 312 – – – 242 – – – 122 – –Templeton Canadian Stock Fund 736 749 706 – – – 746 – – – 168 – –Templeton Canadian Stock Corporate Class 325 607 326 – – – 327 – – – 329 – –Templeton EAFE Developed Markets Fund 224 599 307 805 606 905 237 837 – – 105 144 –Templeton Emerging Markets Fund 730 812 731 809 739 909 741 751 789 799 171 179 –Templeton Emerging Markets Corporate Class 340 610 341 342 613 343 344 345 – – 348 349 –Templeton Frontier Markets Corporate Class 3 3529 3530 3531 3534 3535 3536 3532 3537 – – 3533 3538 –Templeton Global Bond Fund 704 674 734 803 684 903 257 258 254 256 259 260 –Templeton Global Bond Fund (Hedged) 3712 3713 3714 - - - 3715 - 3716 - 3717 - -Templeton Global Bond Hedged Yield Class 4 3454 3455 3456 3521 3522 3523 3457 3524 3458 3525 3459 3526 3460Templeton Global Balanced Fund 3240 3241 3242 3245 3246 3247 2039 2044 – – 2040 2045 –Templeton Global Smaller Companies Fund 707 694 737 806 695 906 747 754 787 798 169 178 –Templeton Global Smaller Companies Corporate Class 330 608 331 332 609 333 334 335 336 337 338 339 –Templeton Growth Fund, Ltd. 700 648 732 702 649 102 740 750 780 795 165 175 –Templeton Growth Fund, Ltd. (Hedged Series) 3623 3624 3625 – – – – – – – – – –Templeton Growth Corporate Class 350 614 352 351 615 353 354 355 356 357 358 359 –Templeton International Stock Fund 735 742 705 804 744 904 745 753 785 797 167 177 –Templeton International Stock Corporate Class 360 616 361 362 617 363 364 365 366 367 368 369 –FRANKLIN FUNDSFranklin Flex Cap Growth Fund 214 573 314 814 574 914 244 834 – – 124 133 –Franklin Flex Cap Growth Corporate Class 985 807 986 987 808 988 989 990 – – 993 994 –Franklin High Income Fund 186 190 188 187 191 189 228 262 3380 3381 172 149 –Franklin Income Fund 3640 3641 3642 3651 3652 3653 3643 3654 3644 3655 3645 3656 3646Franklin Income Corporate Class 3662 3663 3664 3673 3674 3675 3665 3676 3666 3677 3667 3678 3668Franklin Income Hedged Corporate Class 3684 3685 3686 - - - 3687 - 3688 - 3689 - 3690Franklin Strategic Income Fund 387 391 389 388 393 390 229 263 3382 3383 173 174 –Franklin U.S. Core Equity Fund 3102 3103 3104 3107 3108 3109 3105 3110 – – 3106 3111 –Franklin U.S. Rising Dividends Fund 201 516 301 801 517 901 231 841 – – 111 141 –Franklin U.S. Rising Dividends Corporate Class 2046 2047 2048 2051 2052 2053 2049 2054 – – 2050 2055 –Franklin U.S. Rising Dividends Hedged Corporate Class 3608 3609 3610 – – – 3611 – – – 3612 – –Franklin World Growth Fund 3501 3502 3503 3511 3512 3513 3504 3514 – – 3126 3293 –Franklin World Growth Corporate Class 955 790 956 957 791 958 959 960 – – 963 964 –FIND A FUNDUse the Find a Fund tool and choose from more than 80 investment solutions diversified by fund type, investmentstyle, investment objective, class and sales option. Find a Fund also includes fund codes, prices, performance anddistribution. Visit franklintempleton.ca to access the Find a Fund tool.54 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

SERIES S SERIES T SERIES T SERIES T SERIES T SERIES T SERIES T TRAILER FEES 1,2CDN$ CDN$ CDN$ CDN$ U.S.$ U.S.$ U.S.$ INCOME DIVIDENDS/OTHER INVESTMENT STYLE/ (CDN$) SERIES A (%) TRAILER FEES(NO LOAD) FRONT LOW LOAD DSC FRONT LOW LOAD DSC DISTRIBUTIONS DISTRIBUTIONS FUND CATEGORY FRONT LOW LOAD DSC SERIES I (%)227 384 386 385 – – – Monthly/Annual (Dec) Annual (Dec) Specialty 0.75 0.375–0.75 0.375–0.75 0.753174 3170 3171 3172 3595 3596 3597 – Annual (Jan/Feb) Specialty 0.75 0.375–0.75 0.375–0.75 0.755502 690 641 691 – – – Annual (Dec) Annual (Dec) Canadian Balanced 1.00 0.50–1.00 0.50–1.00 0.753179 3175 3176 3177 – – – – Annual (Jan/Feb) Canadian Balanced 1.00 0.50–1.00 0.50–1.00 0.755501 692 643 693 – – – Annual (Dec) Annual (Dec) Canadian Balanced 1.00 0.50–1.00 0.50–1.00 0.753184 3180 3181 3182 – – – – Annual (Jan/Feb) Canadian Balanced 1.00 0.50–1.00 0.50–1.00 0.75– 3053 3054 3055 – – – Annual (Dec) Annual (Dec) Global Balanced 1.00 0.50–1.00 0.50–1.00 0.75– 3050 3051 3052 3295 3296 3297 Annual (Dec) Annual (Dec) Global Equity 1.00 0.50–1.00 0.50–1.00 0.753199 3195 3196 3197 3298 3299 3300 – Annual (Jan/Feb) Global Equity 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – – Annual (Jan/Feb) Value—Asia Pacific ex-Japan Equity 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – – Annual (Jan/Feb) Value—Emerging Markets Equity 1.00 0.50–1.00 0.50–1.00 0.75– 296 539 297 – – – Annual (Dec) Annual (Dec) Value—Canadian Asset Allocation 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – Annual (Dec) Annual (Dec) Value—Canadian Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – – Annual (Jan/Feb) Value—Canadian Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – Annual (Dec) Annual (Dec) Value—International Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – Annual (Dec) Annual (Dec) Value—Emerging Markets Equity 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – – Annual (Jan/Feb) Value—Emerging Markets Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – Annual (Dec) Annual (Jan/Feb) Value—Emerging Markets Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – Monthly Annual (Dec) Global Bond 0.50 0.25–0.50 0.25–0.50 0.75- - - - - - - Quarterly Annual (Dec) Global Bond 0.50 0.25-0.50 0.25-0.50 0.753461 3462 3463 3464 – – – – Annual (Jan/Feb) Global Bond 0.50 0.25–0.50 0.25–0.50 0.753442 2036 2037 2038 2041 2042 2043 Monthly/Annual (Dec) Annual (Dec) Value—Global Balanced 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – Annual (Dec) Annual (Dec) Value—Global Equity 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – – Annual (Feb/Mar) Value—Global Equity 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – – Annual (Jun) Value—Global Equity 1.00 0.50–1.00 0.50–1.00 0.50– – – – – – – – Annual (Jan/Feb) Value—Global Equity 1.00 0.50–1.00 0.50–1.00 0.50– – – – – – – – Annual (Jan/Feb) Value—Global Equity 1.00 0.50–1.00 0.50–1.00 0.50– 770 748 771 – – – Annual (Dec) Annual (Dec) Value—International Equity 1.00 0.50–1.00 0.50–1.00 0.75– 3164 3165 3166 – – – – Annual (Jan/Feb) Value—International Equity 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – – Annual (Dec) Growth—U.S. Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – – Annual (Jan/Feb) Growth—U.S. Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – Monthly Annual (Dec) Global High Yield 0.50 0.25–0.50 0.25–0.50 0.753647 3648 3649 3650 3659 3660 3661 Monthly Annual (Dec) Value-Global Balanced 1.00 0.50-1.00 0.50-1.00 0.753669 3670 3671 3672 3681 3682 3683 - Annual (Jan/Feb) Value-Global Balanced 1.00 0.50-1.00 0.50-1.00 0.753691 3692 3693 3694 - - - - Annual (Jan/Feb) Value-Global Balanced 1.00 0.50-1.00 0.50-1.00 0.75– – – – – – – Monthly Annual (Dec) Global High Yield 0.50 0.25–0.50 0.25–0.50 0.75– – – – – – – Annual (Dec) Annual (Dec) Blend—U.S. Large Cap Equity 1.00 0.50–1.00 0.50–1.00 N/A– 3056 3057 3058 – – – – Annual (Dec) Blend—U.S. Equity 1.00 0.50–1.00 0.50–1.00 N/A– 3155 3156 3157 – – – – Annual (Jan/Feb) Blend—U.S. Equity 1.00 0.50–1.00 0.50–1.00 N/A– 3613 3614 3615 – – – – Annual (Jan/Feb) Blend—U.S. Equity 1.00 0.50–1.00 0.50–1.00 N/A– 3505 3506 3507 – – – – Annual (Dec) Growth—Global Equity 1.00 0.50–1.00 0.50–1.00 N/A– 3508 3509 3510 – – – – Annual (Jan/Feb) Growth—Global Equity 1.00 0.50–1.00 0.50–1.00 N/AFront, 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 minimum investment for Series I units is $100,000. †With a minimum investment of $500,000, Series O and R have a sliding scale of Management and Administration Fees (paid to Franklin Templeton Investments), which delivers reduced fees asinvested assets increase. To qualify for Series O or R, an investor must enter into an agreement with Franklin Templeton Investments.1 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 andoutstanding for more than three years. 2 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 thathave been issued and outstanding for more than six years. 3 Closed to new investment as of June 28, 2013. May become available at the discretion of the manager. 4 All Yield Class investments are currently closed to new investment due to certainchanges announced in the federal government’s 2013 budget proposal.For Dealer Use Only. Not For Distribution to the Public. FRANKLIN TEMPLETON INVESTMENTS advisormonthly 55

FUNDS AT A GLANCEPortfolio and Fund Codes, Styles and DistributionsSERIES A SERIES A SERIES A SERIES A SERIES A SERIES A SERIES F SERIES F SERIES I* SERIES I* SERIES O † SERIES O † SERIES R †CDN$ CDN$ CDN$ U.S.$ U.S.$ U.S.$ CDN$ U.S.$ CDN$ U.S.$ CDN$ U.S.$ CDN$FRONT LOW LOAD DSC FRONT LOW LOAD DSC (NO LOAD) (NO LOAD) FRONT FRONT (NO LOAD) (NO LOAD) (NO LOAD)FRANKLIN BISSETT FUNDSFranklin Bissett All Canadian Focus Fund A 1096 1097 1098 – – – 1099 – 3361 – 2000 – –Franklin Bissett All Canadian Focus Corporate Class A 2021 2022 2023 – – – 2024 – 3360 – 2025 – –Franklin Bissett Bond Fund 200 515 300 – – – 230 – 280 – 110 – –Franklin Bissett Bond Corporate Class 1 925 778 926 – – – 927 – 928 – 929 – –Franklin Bissett Bond Yield Class 5 1200 1201 1202 – – – 1203 – 3377 – 1204 – –Franklin Bissett Canadian Balanced Fund 222 597 322 – – – 252 – 272 – 130 – –Franklin Bissett Canadian Balanced Corporate Class 2056 2057 2058 – – – 2059 – – – 2060 – –Franklin Bissett Canadian Dividend Fund 1017 1019 1018 – – – 1020 – – – 1021 – –Franklin Bissett Canadian Dividend Corporate Class 3476 3477 3478 – – – 3479 – 3480 – 3481 – 3482Franklin Bissett Canadian Equity Fund 202 518 302 – – – 232 – 282 – 112 – –Franklin Bissett Canadian Equity Corporate Class 930 779 931 – – – 932 – 3695 - 934 – 3696Franklin Bissett Canadian High Dividend Fund 205 522 305 – – – 235 – 284 – 115 – –Franklin Bissett Canadian High Dividend Corporate Class 3568 3569 3570 – – – 3571 – 3572 – 3573 – –Franklin Bissett Canadian Short Term Bond Fund 1012 1014 1013 – – – 1015 – – – 1016 – –Franklin Bissett Canadian Short Term Bond Yield Class 5 3443 3444 3445 – – – 3446 – 3447 – 3448 – –Franklin Bissett Corporate Bond Fund 2061 2062 2063 – – – 2064 – 3384 – 2065 – –Franklin Bissett Corporate Bond Yield Class 5 1205 1206 1207 – – – 1208 – 3376 – 1209 – –Franklin Bissett Dividend Income Fund 203 519 303 – – – 233 – 283 – 113 – –Franklin Bissett Dividend Income Corporate Class 3559 3560 3561 – – – 3562 – 3563 – 3564 – –Franklin Bissett Energy Corporate Class 3021 3022 3023 – – – 3024 – – – 3025 – –Franklin Bissett Canadian All Cap Balanced Fund 3304 3305 3306 – – – 3307 – 3308 – 3309 – –Franklin Bissett Canadian All Cap Balanced Corporate Class 3313 3314 3315 – – – 3316 – 3317 – 3318 – –Franklin Bissett Microcap Fund 207 523 306 – – – 239 – – – 104 – –Franklin Bissett Small Cap Fund 223 598 323 – – – 253 – – – 116 – –Franklin Bissett Small Cap Corporate Class 950 788 951 – – – 952 – – – 954 – –Franklin Bissett Strategic Income Fund 3542 3543 3544 – – – 3545 – 3546 – 3547 – –Franklin Bissett Strategic Income Corporate Class 3548 3549 3550 – – – 3551 – 3552 – 3553 – 3554Franklin Bissett U.S. Focus Corporate Class 3230 3231 3232 3235 3236 3237 3233 3238 – – 3234 3239 –Franklin Bissett Money Market Fund 204 521 304 – – – 236 – 279 – 117 – –Franklin Bissett Money Market Corporate Class 6 935 782 936 – – – 937 – 938 – 939 – –Franklin Bissett Money Market Yield Class 5 1210 1211 1212 – – – 1213 – 3378 – 1214 – –Franklin Bissett Treasury Bill Fund 703 664 733 – – – 743 – 781 – 166 – –FRANKLIN MUTUAL SERIES FUNDSFranklin Mutual U.S. Shares Fund 213 556 313 813 557 913 243 833 285 863 123 132 –Franklin Mutual U.S. Shares Corporate Class 755 752 756 757 765 758 759 760 761 762 763 764 –Franklin Mutual Global Discovery Fund 180 184 182 181 185 183 225 261 3255 3363 106 145 –Franklin Mutual Global Discovery Corporate Class 370 374 372 371 375 373 376 377 3259 3362 119 147 –FIND A FUNDUse the Find a Fund tool and choose from more than 80 investment solutions diversified by fund type, investmentstyle, investment objective, class and sales option. Find a Fund also includes fund codes, prices, performance anddistribution. Visit franklintempleton.ca to access the Find a Fund tool.56 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

SERIES S SERIES T SERIES T SERIES T SERIES T SERIES T SERIES T TRAILER FEES 2, 3CDN$ CDN$ CDN$ CDN$ U.S.$ U.S.$ U.S.$ INCOME DIVIDENDS/OTHER INVESTMENT STYLE/ (CDN$) SERIES A (%) TRAILER FEES(NO LOAD) FRONT LOW LOAD DSC FRONT LOW LOAD DSC DISTRIBUTIONS DISTRIBUTIONS FUND CATEGORY FRONT LOW LOAD DSC SERIES I (%)– – – – – – – Annual (Dec) Annual (Dec) Canadian Equity 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – – Annual (Jan/Feb) Canadian Equity 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – Monthly Annual (Dec) Canadian Bond 0.50 0.25–0.50 0.25–0.50 0.50– – – – – – – – Annual (Jan/Feb) Canadian Bond 0.50 0.25–0.50 0.25–0.50 0.50– – – – – – – – Annual (Jan/Feb) Specialty—Bonds 0.50 0.25–0.50 0.25–0.50 0.50– 298 596 299 – – – Annual (Dec) Annual (Dec) GARP—Canadian Balanced 1.00 0.25–1.00 0.50–1.00 0.75– 3167 3168 3169 – – – – Annual (Jan/Feb) Canadian Balanced 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – Monthly 4 Annual (Dec) GARP—Canadian Dividend 1.00 0.50–1.00 0.50–1.00 N/A3483 3484 3485 3486 – – – Monthly 4 Annual (Jan/Feb) GARP—Canadian Dividend 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – Annual (Dec) Annual (Dec) GARP—Canadian Equity 1.00 0.50–1.00 0.50–1.00 0.75– 3697 3698 3699 – – – – Annual (Jan/Feb) GARP—Canadian Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – Monthly 4 Annual (Dec) Cdn. High Income Balanced 1.00 0.50–1.00 0.50–1.00 0.75– 3574 3575 3576 – – – – Annual (Jan/Feb) Cdn. High Income Balanced 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – Monthly Annual (Dec) Canadian Short Term Bond 0.50 0.25–0.50 0.25–0.50 N/A– – – – – – – – Annual (Jan/Feb) Canadian Short Term Bond 0.50 0.25–0.50 0.25–0.50 0.40– – – – – – – Monthly Annual (Dec) Canadian Bond 0.50 0.25–0.50 0.25–0.50 0.50– 3601 3602 3603 – – – – Annual (Jan/Feb) Specialty—Bonds 0.50 0.25–0.50 0.25–0.50 0.50– 294 520 295 – – – Monthly 4 Annual (Jan/Feb) GARP—Canadian Dividend 1.00 0.50–1.00 0.50–1.00 0.75– 3565 3566 3567 – – – – Annual (Jan/Feb) GARP—Canadian Dividend 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – – Annual (Jan/Feb) GARP—Sector 1.00 0.50–1.00 0.50–1.00 N/A– 3310 3311 3312 – – – Annual (Dec) GARP—Canadian Balanced 1.00 0.50–1.00 0.50–1.00 0.75– 3319 3320 3321 – – – Annual (Jan/Feb) GARP—Canadian Balanced 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – Annual (Dec) Annual (Dec) GARP—Cdn. Small & Mid Cap Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – Annual (Dec) Annual (Dec) GARP—Cdn. Small & Mid Cap Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – – Annual (Jan/Feb) GARP—Cdn. Small & Mid Cap Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – – Annual (Dec) Canadian Balanced 1.00 0.50–1.00 0.50–1.00 0.753555 3556 3557 3558 – – – – Annual (Jan/Feb) Canadian Balanced 1.00 0.50–1.00 0.50–1.00 0.75– – – – – – – – Annual (Jan/Feb) U.S. Equity 1.00 0.50–1.00 0.50–1.00 N/A– – – – – – – Daily Monthly Canadian Money Market 0.25 0.25 0.25 0.40– – – – – – – – Annual (Jan/Feb) Canadian Money Market 0.25 0.25 0.25 0.40– – – – – – – – Annual (Jan/Feb) Specialty—Canadian Money Market 0.25 0.25 0.25 0.40– – – – – – – Daily Monthly Canadian Money Market 0.25 0.25 0.25 0.30– 3062 3063 3064 – – – Annual (Dec) Annual (Dec) Deep Value—U.S. Equity 1.00 0.50–1.00 0.50–1.00 0.75– 3158 3159 3160 – – – – Annual (Jan/Feb) Deep Value—U.S. Equity 1.00 0.50–1.00 0.50–1.00 0.75– 3059 3060 3061 3256 3257 3258 Annual (Dec) Annual (Dec) Deep Value—Global Equity 1.00 0.50–1.00 0.50–1.00 0.75– 3161 3162 3163 3260 3261 3262 – Annual (Jan/Feb) Deep Value—Global Equity 1.00 0.50–1.00 0.50–1.00 0.75Front, 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 minimum investment for Series I units is $100,000. †With a minimum investment of $500,000, Series O and R have a sliding scale of Management and Administration Fees (paid to Franklin Templeton Investments), which delivers reduced fees asinvested assets increase. To qualify for Series O or R, an investor must enter into an agreement with Franklin Templeton Investments. 1 Closed to new investment as of February 20, 2006. May become available at the discretion of the manager. 2 The lowloadtrail 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 morethan three years. 3 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 andoutstanding for more than six years. 4 The Fund may also pay out quarterly top-ups. 5 All Yield Class investments are currently closed to new investment due to certain changes announced in the federal government’s 2013 budget proposal. 6 Reopened tonew investment as of March 26, 2013. A On May 13, 2013 Bissett Focus Balanced Fund and Bissett Focus Balanced Corporate Class were renamed Franklin Bissett Canadian All Cap Balanced Fund and Franklin Bissett Canadian All Cap BalancedCorporate Class, respectively.For Dealer Use Only. Not For Distribution to the Public. FRANKLIN TEMPLETON INVESTMENTS advisormonthly 57

PERFORMANCE SUMMARYPortfolio and Fund PerformanceAs at January 31, 2014YEAR-TO- 1 3 6 1 3 5 10 SINCE INCEPTIONDATE MONTH MONTHS MONTHS YEAR YEARS * YEARS * YEARS * INCEPTION * DATEFRANKLIN QUOTENTIAL PROGRAM: SERIES AFranklin Quotential Diversified Income PortfolioFranklin Quotential Diversified Income Portfolio (Series T)Franklin Quotential Diversified Income Corporate Class PortfolioFranklin Quotential Balanced Income PortfolioFranklin Quotential Balanced Income Portfolio (Series T)Franklin Quotential Balanced Income Corporate Class PortfolioFranklin Quotential Balanced Growth PortfolioFranklin Quotential Balanced Growth Portfolio (Series T)Franklin Quotential Balanced Growth Corporate Class PortfolioFranklin Quotential Growth PortfolioFranklin Quotential Growth Portfolio (Series T)Franklin Quotential Growth Corporate Class PortfolioFranklin Quotential Diversified Equity PortfolioFranklin Quotential Diversified Equity Portfolio (Series T)Franklin Quotential Diversified Equity Corporate Class PortfolioTEMPLETON FUNDS: SERIES ATempleton Asian Growth Corporate ClassTempleton BRIC Corporate ClassTempleton Canadian Balanced FundTempleton Canadian Balanced Fund (Series T)Templeton Canadian Stock FundTempleton Canadian Stock Corporate ClassTempleton EAFE Developed Markets FundTempleton EAFE Developed Markets Fund (Series F)Templeton Emerging Markets FundTempleton Emerging Markets Corporate ClassTempleton Frontier Markets Corporate Class 4Templeton Global Bond FundTempleton Global Bond Fund (Hedged)Templeton Global Bond Hedged Yield Class 2Templeton Global Bond Hedged Yield Class (Series T) 2Templeton Global Balanced FundTempleton Global Balanced Fund (Series T)Templeton Global Smaller Companies FundTempleton Global Smaller Companies Corporate ClassTempleton Growth Fund, Ltd.Templeton Growth Corporate ClassTempleton International Stock FundTempleton International Stock Fund (Series T)Templeton International Stock Corporate Class1.35% 1.35% 2.32% 5.37% 6.24% 5.74% 8.36% N/A 5.51%1.37% 1.37% 2.30% 5.28% 6.20% 5.74% 8.32% 4.82% 5.45%1.35% 1.35% 2.18% 5.33% 6.15% 5.67% 8.05% N/A 4.60%1.00% 1.00% 3.21% 7.82% 9.62% 5.05% 9.14% 4.34% 4.98%1.12% 1.12% 3.34% 7.89% 9.64% 5.09% 9.15% 4.36% 4.98%1.10% 1.10% 3.22% 7.75% 9.57% 5.05% 8.99% N/A 4.16%0.66% 0.66% 3.80% 9.87% 13.09% 5.52% 10.62% 4.56% 5.21%0.67% 0.67% 3.84% 9.78% 12.98% 5.48% 10.60% 4.58% 5.22%0.70% 0.70% 3.83% 9.79% 12.99% 5.44% 10.50% N/A 4.48%0.14% 0.14% 4.19% 11.66% 16.08% 5.83% 11.59% 3.84% 4.48%0.14% 0.14% 4.26% 11.57% 16.12% 5.79% 11.61% N/A 1.92%0.15% 0.15% 4.20% 11.54% 16.00% 5.72% 11.72% N/A 3.96%0.34% 0.34% 5.54% 14.36% 23.38% 8.75% 12.32% 3.91% 5.45%0.24% 0.24% 5.39% 14.34% 23.32% 8.68% 12.33% N/A 0.83%0.35% 0.35% 5.50% 14.49% 23.44% 8.75% 12.39% N/A 3.92%-0.42% -0.42% -3.56% 6.75% -2.96% -1.33% N/A N/A -1.68%-3.42% -3.42% -3.09% 8.42% -10.60% -8.80% 7.51% N/A 4.24%-1.10% -1.10% 0.37% 5.50% 5.13% 0.80% 8.86% 3.23% 5.43%-1.17% -1.17% 0.40% 5.44% 5.09% 0.78% 8.85% 3.24% 3.41%-2.16% -2.16% 0.04% 6.86% 6.08% -0.44% 10.50% 2.45% 5.02%-1.64% -1.64% 0.61% 7.32% 6.62% -0.15% 10.87% 2.62% 3.12%2.81% 2.81% 7.47% 19.27% 31.05% 9.17% 10.36% 2.52% 0.87%2.82% 2.82% 7.75% 19.98% 32.77% 10.46% 11.57% 3.70% 3.58%-1.46% -1.46% -4.04% 4.77% -6.68% -4.38% 9.04% 5.00% 5.72%-1.36% -1.36% -4.08% 4.56% -6.75% -4.40% 9.03% 4.83% 5.62%2.17% 2.17% 8.87% 15.41% 19.56% N/A N/A N/A 12.86%2.36% 2.36% 3.23% 6.08% 4.89% 4.68% 4.85% 4.64% 5.70%-2.20% -2.20% -2.90% N/A N/A N/A N/A N/A -0.01%-2.37% -2.37% -3.42% -2.27% -6.51% -0.20% N/A N/A -0.30%-2.45% -2.45% -3.43% -2.32% -6.50% -0.22% N/A N/A -0.33%1.37% 1.37% 4.26% 11.15% 17.05% 9.09% 9.56% N/A 7.74%1.36% 1.36% 4.29% 11.23% 17.17% 9.08% 9.58% N/A 5.58%1.08% 1.08% 6.11% 13.62% 26.20% 5.11% 17.48% 4.05% 8.37%1.08% 1.08% 6.10% 13.67% 26.18% 5.12% 17.52% 4.03% 5.86%1.00% 1.00% 6.05% 15.82% 29.56% 12.67% 13.40% 3.64% 11.97%0.90% 0.90% 6.01% 15.72% 29.34% 12.76% 13.51% 3.76% 2.84%-0.46% -0.46% 3.56% 15.33% 19.71% 6.77% 10.62% 3.43% 6.40%-0.53% -0.53% 3.44% 15.19% 19.59% 6.71% 10.57% 3.52% 2.63%-0.51% -0.51% 3.53% 15.10% 19.31% 6.64% 10.58% 3.37% 1.42%23-Jun-0817-Feb-0328-Jun-0419-Aug-0219-Aug-0228-Jun-0419-Aug-0219-Aug-0228-Jun-0419-Aug-0218-Jun-0728-Jun-049-Jun-0318-Jun-0728-Jun-0431-Dec-1028-Jun-0417-Oct-9417-Jun-023-Jan-8918-Jun-0124-Nov-0002-Jan-9420-Sep-9118-Jun-0118-Jul-1115-Jul-8819-Aug-1327-Sep-1027-Sep-1023-Jun-0812-Dec-053-Jan-8918-Jun-0129-Nov-5418-Jun-013-Jan-8917-Jun-0218-Jun-01FRANKLIN FUNDS: SERIES AFranklin Flex Cap Growth Fund3.43% 3.43% 11.67% 23.70% 42.00% 13.70% 13.78% 3.08% 4.77% 14-Apr-97Franklin Flex Cap Growth Corporate Class3.33% 3.33% 11.63% 23.65% 41.94% 13.72% 14.02% N/A 4.98% 21-Oct-05Franklin High Income Fund0.95% 0.95% 1.97% 4.80% 6.96% 7.51% 12.58% 3.25% 3.98% 17-Feb-03Franklin Income Fund3.74% 3.74% 7.35% 11.95% N/A N/A N/A N/A 11.13% 28-Jun-13Franklin Income Fund (Series T)3.79% 3.79% 7.44% 12.04% N/A N/A N/A N/A 11.20% 28-Jun-13Franklin Income Corporate Class3.84% 3.84% 7.38% 11.93% N/A N/A N/A N/A 10.95% 28-Jun-13Franklin Income Corporate Class (Series T)3.83% 3.83% 7.31% 11.92% N/A N/A N/A N/A 10.86% 28-Jun-13Franklin Income Hedged Corporate Class-0.75% -0.75% 1.05% 4.22% N/A N/A N/A N/A 5.99% 28-Jun-13Franklin Income Hedged Corporate Class (Series T) -0.72% -0.72% 1.09% 4.15% N/A N/A N/A N/A 5.99% 28-Jun-13Franklin Strategic Income Fund0.40% 0.40% 0.41% 2.67% 2.27% 5.14% 8.90% 2.52% 2.65% 17-Feb-03Franklin U.S. Core Equity Fund1.74% 1.74% 9.55% 17.84% 36.57% 12.71% 16.39% N/A 4.03% 1-Aug-07Franklin U.S. Rising Dividends Fund0.00% 0.00% 5.41% 10.81% 29.24% 15.01% 13.15% 2.17% -1.07% 24-Nov-00Franklin U.S. Rising Dividends Fund (Series F)0.08% 0.08% 5.68% 11.44% 30.72% 16.32% 14.40% 3.31% 6.45% 01-Dec-84Franklin U.S. Rising Dividends Fund (Series T)0.06% 0.06% 5.43% 10.82% 29.15% 15.03% 13.18% N/A 3.27% 18-Jun-07Franklin U.S. Rising Dividends Corporate Class0.00% 0.00% 5.36% 10.76% 28.96% 15.02% 13.33% N/A 3.48% 04-Jan-06Franklin U.S. Rising Dividends Corporate Class (Series F)0.14% 0.14% 5.65% 11.38% 30.46% 16.37% 14.60% N/A 4.61% 04-Jan-06Franklin U.S. Rising Dividends Hedged Corporate Class-4.43% -4.43% -0.87% 2.88% 16.92% N/A N/A N/A 20.37% 29-Oct-12Franklin U.S. Rising Dividends Hedged Corporate Class (Series F)-4.30% -4.30% -0.55% 3.42% 18.25% N/A N/A N/A 21.83% 29-Oct-12Franklin U.S. Rising Dividends Hedged Corporate Class (Series T)-4.43% -4.43% -0.83% 2.98% 17.12% N/A N/A N/A 20.59% 29-Oct-12Franklin World Growth Corporate Class-1.17% -1.17% 4.54% 14.19% 19.29% 7.86% 12.85% N/A 3.76% 18-Jun-0158 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

YEAR-TO- 1 3 6 1 3 5 10 SINCE INCEPTIONDATE MONTH MONTHS MONTHS YEAR YEARS * YEARS * YEARS * INCEPTION * DATEFRANKLIN BISSETT FUNDS: SERIES AFranklin Bissett All Canadian Focus Fund AFranklin Bissett All Canadian Focus Corporate Class AFranklin Bissett Bond FundFranklin Bissett Bond Corporate Class 1Franklin Bissett Bond Yield Class 2Franklin Bissett Canadian Balanced FundFranklin Bissett Canadian Balanced Fund (Series T)Franklin Bissett Canadian Balanced Corporate ClassFranklin Bissett Canadian Dividend FundFranklin Bissett Canadian Equity FundFranklin Bissett Canadian Equity Corporate ClassFranklin Bissett Canadian High Dividend FundFranklin Bissett Canadian High Dividend Corporate ClassFranklin Bissett Canadian High Dividend Corporate Class (Series T)Franklin Bissett Canadian Short Term Bond FundFranklin Bissett Canadian Short Term Bond Yield Class 2Franklin Bissett Corporate Bond FundFranklin Bissett Corporate Bond Yield Class 2Franklin Bissett Dividend Income FundFranklin Bissett Dividend Income Fund (Series T)Franklin Bissett Dividend Income Corporate ClassFranklin Bissett Dividend Income Corporate Class (Series T)Franklin Bissett Energy Corporate ClassFranklin Bissett Canadian All Cap Balanced FundFranklin Bissett Microcap FundFranklin Bissett Small Cap FundFranklin Bissett Small Cap Corporate ClassFranklin Bissett Strategic Income FundFranklin Bissett Strategic Income Corporate ClassFranklin Bissett Strategic Income Corporate Class (Series T)Franklin Bissett U.S. Focus Corporate ClassFranklin Bissett Money Market FundFranklin Bissett Money Market Corporate Class 3Franklin Bissett Money Market Yield Class 2Franklin Bissett Treasury Bill FundFRANKLIN BISSETT FUNDS: SERIES FFranklin Bissett All Canadian Focus Fund AFranklin Bissett All Canadian Focus Corporate Class AFranklin Bissett Bond FundFranklin Bissett Bond Corporate Class 1Franklin Bissett Canadian Balanced FundFranklin Bissett Canadian Balanced Corporate ClassFranklin Bissett Canadian Dividend FundFranklin Bissett Canadian Equity FundFranklin Bissett Canadian Equity Corporate ClassFranklin Bissett Canadian High Dividend FundFranklin Bissett Canadian High Dividend Corporate ClassFranklin Bissett Canadian Short Term Bond FundFranklin Bissett Canadian Short Term Bond Yield Class 2Franklin Bissett Corporate Bond FundFranklin Bissett Dividend Income FundFranklin Bissett Dividend Income Corporate ClassFranklin Bissett Energy Corporate ClassFranklin Bissett Canadian All Cap Balanced FundFranklin Bissett Microcap FundFranklin Bissett Small Cap FundFranklin Bissett Small Cap Corporate ClassFranklin Bissett Strategic Income FundFranklin Bissett Strategic Income Corporate ClassFranklin Bissett U.S. Focus Corporate ClassFranklin Bissett Money Market FundFranklin Bissett Money Market Corporate Class 4FRANKLIN MUTUAL SERIES FUNDS: SERIES AFranklin Mutual U.S. Shares FundFranklin Mutual U.S. Shares Fund (Series T)Franklin Mutual U.S. Shares Corporate ClassFranklin Mutual Global Discovery FundFranklin Mutual Global Discovery Fund (Series T)Franklin Mutual Global Discovery Corporate Class0.69% 0.69% 3.08% 10.56% 17.18% 7.15% 15.33% N/A 7.94%0.66% 0.66% 2.98% 10.24% 16.54% 6.89% 14.99% N/A 8.18%2.32% 2.32% 1.79% 2.74% 1.46% 3.93% 5.02% 3.84% 4.71%2.32% 2.32% 1.57% 2.69% 1.45% 3.94% 4.85% 3.48% 4.19%2.20% 2.20% 1.54% 2.36% 0.81% 3.47% 4.50% N/A 3.34%0.43% 0.43% 2.65% 8.34% 13.86% 7.51% 11.75% 5.13% 4.84%0.42% 0.42% 2.70% 8.37% 13.94% 7.62% 11.88% 5.28% 5.16%0.43% 0.43% 2.61% 8.22% 13.63% 7.41% 11.68% N/A 3.67%-2.99% -2.99% -0.15% 7.67% 9.74% 6.91% 14.40% 8.00% 8.11%-0.40% -0.40% 3.19% 10.65% 16.67% 7.83% 17.14% 7.41% 6.49%-0.43% -0.43% 3.14% 10.35% 16.16% 7.58% 16.82% 7.26% 6.46%-1.44% -1.44% 0.12% 6.29% 11.13% 6.51% 17.52% 9.50% 11.96%-1.47% -1.47% 0.05% 6.15% 10.92% N/A N/A N/A 13.94%-1.50% -1.50% 0.09% 6.20% 10.85% N/A N/A N/A 13.95%0.86% 0.86% 0.87% 1.52% 1.73% 2.25% 2.86% 2.86% 2.96%0.77% 0.77% 0.67% 1.15% 1.05% 1.70% N/A N/A 1.47%1.99% 1.99% 1.83% 2.81% 2.38% 4.53% 6.14% N/A 4.02%1.92% 1.92% 1.51% 2.41% 1.76% 3.89% 5.34% N/A 3.60%-1.53% -1.53% 1.00% 6.51% 10.41% 8.39% 11.77% 5.85% 6.14%-1.57% -1.57% 1.01% 6.50% 10.39% 8.39% 11.76% 5.89% 5.77%-1.55% -1.55% 1.01% 6.46% 10.16% N/A N/A N/A 12.14%-1.46% -1.46% 1.08% 6.57% 10.36% N/A N/A N/A 12.21%-0.13% -0.13% 4.40% 18.84% 31.37% 10.57% 30.40% N/A 6.92%0.23% 0.23% 2.93% 10.47% 16.20% 8.11% 11.23% N/A 10.62%-2.37% -2.37% -0.31% 14.58% 29.62% 15.47% 30.44% 13.03% 15.24%-2.88% -2.88% 1.60% 13.32% 25.08% 9.81% 23.62% 9.33% 10.32%-2.84% -2.84% 1.51% 13.06% 24.54% 9.56% 23.29% 9.12% 9.37%-0.29% -0.29% 0.52% 4.53% 6.80% N/A N/A N/A 8.29%-0.25% -0.25% 0.43% 4.42% 6.59% N/A N/A N/A 8.28%-0.30% -0.30% 0.38% 4.40% 6.62% N/A N/A N/A 8.32%2.90% 2.90% 9.98% 14.52% 36.39% 15.06% 15.49% N/A 4.61%0.02% 0.02% 0.07% 0.13% 0.27% 0.35% 0.31% 1.36% 1.63%0.00% 0.00% 0.09% 0.17% 0.26% 0.37% 0.31% 1.32% 1.40%0.00% 0.00% 0.00% 0.00% 0.10% 0.16% 0.14% N/A 0.91%0.03% 0.03% 0.08% 0.15% 0.34% 0.41% 0.33% 1.45% 3.93%0.73% 0.73% 3.31% 11.12% 18.41% 8.33% 16.60% N/A 9.12%0.73% 0.73% 3.23% 10.84% 17.85% 8.12% 16.27% N/A 9.41%2.44% 2.44% 1.98% 3.22% 2.32% 4.76% 5.83% 4.57% 7.18%2.35% 2.35% 1.78% 3.04% 2.12% 4.71% 5.62% 4.19% 4.90%0.50% 0.50% 3.01% 9.09% 15.43% 9.00% 13.27% 6.54% 8.54%0.53% 0.53% 2.92% 8.92% 15.08% 8.80% 13.12% N/A 5.00%-2.94% -2.94% 0.05% 8.24% 10.92% 8.10% 15.66% 9.18% 9.28%-0.28% -0.28% 3.55% 11.38% 18.19% 9.22% 18.61% 8.77% 11.02%-0.32% -0.32% 3.48% 11.11% 17.68% 8.97% 18.27% 8.69% 7.84%-1.37% -1.37% 0.39% 6.87% 12.33% 7.68% 18.80% 10.69% 12.52%-1.40% -1.40% 0.41% 6.81% 12.15% N/A N/A N/A 15.17%0.91% 0.91% 1.01% 1.80% 2.30% 2.82% 3.43% 3.42% 3.51%0.85% 0.85% 0.85% 1.52% 1.71% 2.31% N/A N/A 2.07%2.12% 2.12% 2.00% 3.28% 3.02% 5.16% 6.74% N/A 4.60%-1.42% -1.42% 1.33% 7.15% 11.77% 9.73% 13.12% 7.16% 8.64%-1.41% -1.41% 1.36% 7.11% 11.59% N/A N/A N/A 13.48%-0.01% -0.01% 4.75% 19.48% 32.81% 11.74% 31.81% N/A 8.06%0.29% 0.29% 3.23% 11.11% 17.42% 9.35% 12.46% N/A 11.86%-2.28% -2.28% 0.00% 15.35% 31.42% 17.06% 32.17% 14.54% 17.00%-2.79% -2.79% 1.87% 13.94% 26.49% 11.04% 24.98% 10.51% 10.61%-2.76% -2.76% 1.74% 13.72% 25.91% 10.76% 24.60% 10.29% 10.46%-0.19% -0.19% 0.76% 5.17% 8.04% N/A N/A N/A 9.51%-0.11% -0.11% 0.72% 5.01% 7.91% N/A N/A N/A 9.48%2.95% 2.95% 10.31% 15.17% 37.83% 16.34% 16.77% N/A 5.70%0.07% 0.07% 0.21% 0.42% 0.83% 0.91% 0.86% 1.91% 3.42%0.08% 0.08% 0.16% 0.40% 0.79% 0.91% 0.86% 1.85% 1.94%-2.15% -2.15% 1.79% 7.07% 19.19% 11.20% 14.48% 2.20% 4.07%-2.14% -2.14% 1.97% 7.15% 19.32% 11.23% 14.54% N/A -1.17%-2.04% -2.04% 1.93% 5.18% 16.30% 10.25% 13.86% 1.65% 1.06%-2.05% -2.05% 1.64% 7.27% 18.57% 10.10% 11.10% 6.19% 7.25%-1.99% -1.99% 1.77% 7.45% 18.67% 10.14% 11.16% N/A 2.49%-2.03% -2.03% 1.71% 7.14% 18.34% 10.08% 11.12% 6.05% 7.10%20-Sep-0420-Sep-0424-Nov-0018-Jun-0111-Sep-0624-Nov-0017-Jun-0218-Dec-0622-Dec-0324-Nov-0018-Jun-0124-Nov-0025-Jun-1225-Jun-1222-Dec-0327-Sep-1018-Dec-0618-Dec-0624-Nov-0017-Jun-0225-Jun-1225-Jun-1218-Jun-0712-Jan-0924-Nov-0024-Nov-0018-Jun-0129-Dec-1129-Dec-1129-Dec-1103-Mar-0824-Nov-0018-Jun-0111-Sep-062-Mar-8820-Sep-0420-Sep-041-Aug-8618-Jun-016-Sep-9118-Dec-0622-Dec-031-Mar-8318-Jun-0130-Jun-9625-Jun-1222-Dec-0327-Sep-1018-Dec-0631-May-8825-Jun-1218-Jun-0712-Jan-0930-Oct-9730-Aug-9318-Jun-0129-Dec-1129-Dec-1103-Mar-086-Sep-9118-Jun-013-Feb-9718-Jun-0718-Jun-0117-Feb-0318-Jun-0717-Feb-03*All performances are compounded annually if inception before or on January 31, 2013. 1 Closed to new investment as of February 20, 2006. 2 All Yield Class investments are currently closed to new investment due to certain changes announced in thefederal government’s 2013 budget proposal. 3 Reopened to new investment as of March 26, 2013. 4 Closed to new investment as of June 28, 2013. May become available at the discretion of the manager. A On May 13, 2013 Bissett Focus Balanced Fundand Bissett Focus Balanced Corporate Class were renamed Franklin Bissett Canadian All Cap Balanced Fund and Franklin Bissett Canadian All Cap Balanced Corporate Class, respectively.For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 59

Regional Sales ContactsOUR SALES TEAMSales & Marketing Services1.855.FT-FUNDSFund Information, Literature, BestBuilt ® 1.855.383.8637National Sales TeamTOLL-FREE 1.855.383.8637TOLL-FREE FAX 1.866.850.8241PHONEFAXPhilip Bensen Head of National Sales - Canada 416.957.6107 416.364.6939Robert Ruffolo SVP, Divisional Sales Manager - Eastern 514.281.3992 514.281.6215Jim Vlahos SVP, Divisional Sales Manager - Central 416.957.6059 416.364.1320Grant McGowan SVP, Divisional Sales Manager - Western 403.266.7825 403.237.2334Western Sales TeamTOLL-FREE 1.855.383.8637TOLL-FREE FAX 1.866.940.4934Vancouver & Lower Mainland Julie Wright VP, Senior Advisor Consultant 604.374.2205 1.866.940.4934Ricky Tiwana Business Development Manager 1.800.897.7286 x6026 1.866.940.4934Vancouver Island & Vancouver Jonathan Helm VP, Senior Advisor Consultant 250.588.7288 1.866.940.4934Sam Kiru Business Development Manager 1.800.897.7286 x6142 1.866.940.4934PHONEFAXBC Interior and Lower Mainland Ron Langevin VP, Senior Advisor Consultant 250.317.2223 1.866.940.4934Alex Quatrini Business Development Manager 1.800.897.7286 x6184 1.866.940.4934Greater Calgary, Red Deer, up to Medicine Hat &Lloydminster - RBC, BMO Nesbitt BurnsEdmonton, Calgary - CIBC Wood Gundy,ScotiaMcLeod - Planners & Edward JonesJohn Tam VP, Senior Advisor Consultant 403.470.3936 403.237.2334Jojeth Unciano Business Development Manager 1.800.897.7286 x6164 1.866.940.4934Rhys Davidson Business Development Manager 1.800.897.7286 x6109 1.866.940.4934Greater Calgary, Red Deer, up to Medicine Hat -Planners & Edward JonesJeanine Perzan VP, Senior Advisor Consultant 403.614.3347 403.237.2334Tony Kim Business Development Manager 1.800.897.7286 x6060 1.866.940.4934Manitoba & Saskatchewan Daniel Freeman Business Development Manager 1.800.897.7286 x6527 1.866.940.4934Manitoba & Saskatchewan - Credential & Edward Jones Aaron Dubnicoff VP, Senior Advisor Consultant 204.890.3367 1.866.940.4934Daniel Freeman Business Development Manager 1.800.897.7286 x6527 1.866.940.493460 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.

GLOBAL THINKING. LOCAL PRESENCE.Central Sales TeamTOLL-FREE 1.855.383.8637TOLL-FREE FAX 1.866.940.4934Downtown Toronto & North York - TD, ScotiaMcLeod,BMO Nesbitt BurnsPHONEFAXTasos Dovolos VP, Senior Advisor Consultant 416.957.6066 416.364.1320Charlie Stratton Business Development Manager 1.800.897.7286 x6163 416.364.1320London, Windsor, Nort /South Western Ontario Norm Beaudry VP, Senior Advisor Consultant 416.957.6041 416.364.1320David Wysocki Business Development Manager 1.800.897.7286 x6126 416.364.1320Brampton, Mississauga to Hamilton Marco Mannella VP, Senior Advisor Consultant 416.957.6124 416.364.1320Peter Barron Business Development Manager 1.800.897.7286 x6040 416.364.1320Downtown Toronto - CIBC Wood Gundy, RBC, Robert Blagojevic VP, Senior Advisor Consultant 416.957.6104 416.364.1320BMO Nesbitt Burns William Orr Business Development Manager 1.800.897.7286 x6037 416.364.1320Mississauga to Hamilton, Niagara & St. Catharines Kevin Jeffries VP, Senior Advisor Consultant 416.957.6065 416.364.1320Greg Hourigan Business Development Manager 1.800.897.7286 x6129 416.364.1320Kitchener/Waterloo, Guelph & Cambridge Joe Firrincieli VP, Senior Advisor Consultant 416.957.6064 416.364.1320Robert Rocoff Business Development Manager 1.800.897.7286 x6150 416.364.1320Etobicoke, York Region, Vaughan, Richmond Hill Joseph Pietroski VP, Senior Advisor Consultant 416.957.6143 416.364.1320Andrew Chou Business Development Manager 1.800.897.7286 x6170 416.364.1320Sudbury, Sault Ste. Marie, Timmins & North Bay Shant Menasian Senior Advisor Consultant 416.957.6144 416.364.1320Eastern & Atlantic Canada Sales TeamTOLL-FREE 1.855.383.8637PHONEFAXDowntown Montreal, Laval, Abitibi Alexis Verganelakis VP, Senior Advisor Consultant 514.281.0935 514.281.6215Patrice Cloutier Business Development Manager 514.281.3004 514.281.6215Quebec City Region Sophie Orru VP, Senior Advisor Consultant 418.454.0949 514.281.6215Phil Gargour Business Development Manager 1.800.897.7286 x5510 514.281.6215Ottawa Region Luc Dubé VP, Senior Advisor Consultant 613.796.2848 514.281.6215Maria Kazanas Business Development Manager 1.800.897.7286 x5513 514.281.6215South Shore, Sherbrooke, Drummondville David Vazzoler Senior Advisor Consultant 514.298.9763 514.281.6215Vladim Allard-Cobetto Business Development Manager 1.800.897.7286 x5509 514.281.6215Downtown Montreal, West Island, St. Laurent Guillaume Bernardi VP, Senior Advisor Consultant 514.281.2057 514.281.6215Vilashi Patel Business Development Manager 514.281.1486 514.281.6215Scarborough East to Kingston Jim Lissitsas VP, Senior Advisor Consultant 416.957.6197 416.364.1320Credential, Edward Jones & Transamerica Mariano D'Agostino Business Development Manager 1.800.897.7286 x5518 514.281.6215Atlantic Canada Shawn O’Brien Senior Advisor Consultant 902.401.9294 514.281.6215For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 61

Franklin Templeton Investments delivers world-class management from one global platform,with assets under management of CDN$954.3 billion, as at January 31, 2014. Our global network of more than50 offices located in 35 countries is where our more than 500 investment professionals are working aroundthe clock to find the best investment opportunities for you and your clients.www.franklintempleton.caFranklin Templeton Investments Corp.5000 Yonge Street, Suite 900, Toronto, ON M2N 0A7Client Services Toll-free: 1.800.387.0830 Fax: 416.364.1163Sales Team Toll-free: 1.855.FT-FUNDS Fax: 416.364.1320Founding Member of The Canadian Coalition for Good Governance.Canadian offices:CALGARY • MONTREAL • TORONTONYSE: BENThe indicated rates of return are historical annual compounded total returns including changes in share/unit value and reinvestment of all dividends/distributions and do not takeinto account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Commissions, trailing commissions,management fees and expenses all may be associated with mutual fund investments. Please read the Franklin Templeton Investments prospectus before investing. Mutual fundsecurities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the money market funds will beable to maintain their net asset value per security at a constant amount (the money market Corporate Class funds will not maintain their net asset value per security at a constantamount) or that the full amount of your investment in the Fund(s) will be returned to you. Share/unit values change frequently and past performance may not be repeated. The portfoliomanager 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 distributionsare automatically reinvested unless otherwise requested. Series T may also pay a distribution that must be reinvested in December, consisting of income and capital gains. Pleaseindicate 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 aretherefore reflected in both the top fund and underlying fund AUM. The ‘Supranational’ geographic designation refers to international financial institutions whereby member statestranscend national boundaries and issue debt securities on behalf of the group as a whole. Certain statements in this report about a fund, including its strategy and expected futureperformance, are forward-looking. Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions, or that include wordssuch as “may,” “will,” “should,” “could,” “expect,” “anticipate,” “intend,” “plan,” “believe,” or “estimate” or other similar expressions. Any statement that is made concerning futurestrategies or performance is also a forward-looking statement. Statements that look forward in time or include anything other than historical information are subject to risks anduncertainties, and actual results, actions or events could differ materially from those set forth in the forward-looking statements.The forward-looking statements are by their nature based on numerous assumptions, which include, amongst other things, that (i) the fund can attract and maintain investors and hassufficient capital under management to effect its investment strategies, (ii) the investment strategies will produce the results intended by the portfolio manager, and (iii) the marketswill react and perform in a manner consistent with the investment strategies. Although the forward-looking statements contained herein are based upon what the portfolio managerbelieves to be reasonable assumptions, the portfolio manager cannot assure that actual results will be consistent with these forward-looking statements.Forward-looking statements are not guarantees of future performance. Any number of factors could contribute to differing results, including, among other things, general economic,political and market factors, interest and foreign exchange rates, global equity and capital markets, business competition, technological change, changes in government regulations,unexpected judicial or regulatory proceedings and catastrophic events. This list of factors is not exhaustive. Investors should not place undue reliance on forward-looking informationand should be aware that the fund may not update any forward-looking statements, whether as a result of new information, future events or otherwise.Templeton Investment Management and Franklin Bissett Investment Management are part of Franklin Templeton Investments Corp. Fiduciary Trust Company of Canada is a whollyowned subsidiary of Franklin Templeton Investments Corp.*Franklin Multi-Asset Strategies (FMAS) is a global team dedicated to global portfolio-based solutions. In Canada, FMAS uses Templeton Investment Counsel LLC asa sub-adviser. FMAS is a division of Fiduciary Trust Company of Canada, a wholly owned subsidiary of Franklin Templeton Investments Corp.**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 openend investment company, governed by the laws of Luxembourg.For Dealer Use OnlyCA FSBE 01/14