FRANKLIN ACTIVEQUANT As at September 30, 2020 U.S. CORPORATE CLASS

Summary of Investment Portfolio

REGIONAL WEIGHTINGS (%)* ASSET CLASS WEIGHTINGS (%) North America 96.40 Common Stocks 96.40 SECTOR WEIGHTINGS (%)* Short-term securities and all other assets, net 3.60 Health Care 23.83 TOP 25 HOLDINGS (%) Communication Services 16.92 Cash and cash equivalents** 3.49 Information Technology 16.73 Deere & Co. 3.30 Consumer Staples 15.08 The Procter & Gamble Co. 3.16 Financials 9.32 UnitedHealth Group Inc. 3.06 Industrials 5.58 Visa Inc., A 2.89 Consumer Discretionary 4.65 Dollar General Corp. 2.66 Utilities 4.29 Intel Corp. 2.65 Amgen Inc. 2.61 NextEra Energy Inc. 2.61 Merck & Co. Inc. 2.58 Apple Inc. 2.58 Comcast Corp., A 2.56 Bristol-Myers Squibb Co. 2.56 Alphabet Inc., C 2.53 Verizon Communications Inc. 2.53 PepsiCo Inc. 2.52 Berkshire Hathaway Inc., B 2.47 Walgreens Boots Alliance Inc. 2.46 Activision Blizzard Inc. 2.46 Microsoft Corp. 2.43 AT&T Inc. 2.41 Walmart Inc. 2.39 The Allstate Corp. 2.37 Globe Life Inc. 2.34 Constellation Brands Inc., A 2.33

TOTAL NET ASSET VALUE: $71,799,000

* Excluding short-term securities and all other assets, net. **Cash and cash equivalents may include bonds that have a remaining term to maturity of 365 days or less that are issued by certain governments, supranational agencies or financial institutions and have a “designated rating” (as defined in Canadian securities law). The Fund invests substantially all of its assets in units of Franklin ActiveQuant U.S. Fund. Above is an outline of the investments held in Franklin ActiveQuant U.S. 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.