FRANKLIN BISSETT As at September 30, 2020 DIVIDEND INCOME CORPORATE CLASS

Summary of Investment Portfolio

REGIONAL WEIGHTINGS (%)* ASSET CLASS WEIGHTINGS (%) North America 98.37 Common Stocks 78.54 Australia & New Zealand 0.30 Bonds 15.37 Europe 0.21 Preferred Stocks 4.97 SECTOR WEIGHTINGS (%)* Short-term securities and all other assets, net 1.12 Financials 17.65 TOP 25 HOLDINGS (%) Consumer Staples 11.39 3.78 Utilities 11.33 Fortis Inc. 2.96 Energy 9.32 Canadian National Railway Co. 2.87 Communication Services 8.02 BCE Inc. 2.63 Information Technology 6.42 Metro Inc., A 2.57 Industrials 5.41 The Toronto-Dominion Bank 2.53 Materials 4.76 Inc. 2.45 Real Estate 4.67 Corp. 2.37 Health Care 3.49 Brookfield Infrastructure Partners LP 2.26 Consumer Discretionary 1.05 Inc., B 2.22 Canadian Utilities Ltd., A 2.01 Corp. 1.93 Ltd. 1.90 1.78 Alimentation Couche-Tard Inc., B 1.76 The Bank of Nova Scotia 1.74 Ltd. 1.68 Microsoft Corp. 1.68 Open Text Corp. 1.62 Apple Inc. 1.62 Brookfield Renewable Partners LP 1.57 Choice Properties Real Estate Investment Trust 1.44 United Parcel Service Inc., B 1.41 Inc. 1.27 Financial Corp. 1.24

TOTAL NET ASSET VALUE: $11,635,000

* Excluding short-term securities and all other assets, net. The Fund invests substantially all of its assets in units of Franklin Bissett Dividend Income Fund. Above is an outline of the investments held in Franklin Bissett Dividend Income Fund as a percentage of its net assets. Due to ongoing portfolio transactions, the investments and percentages may have changed by the time you purchase shares of the Fund. The top 25 holdings are made available quarterly, 60 days after the quarter-end. To obtain a copy, please contact a member of our client services team at 1.800.387.0830 or visit www.franklintempleton.ca. The simplified prospectus and other information about the Underlying Fund are available at www.franklintempleton.ca or at www.sedar.com.