Franklin U.S. Rising Dividends Fund - Series F Franklin Equity Group  Data as of December 31, 2017 Franklin U.S. Rising Dividends Fund - Series F For Dealer Use Only | Not for Distribution to the Public

Table of Contents Franklin U.S. Rising Dividends Fund   Table of Contents Investment Capabilities Overview ............................................................................................ 3 Who Is Franklin Templeton Investments? ................................................................................ 4 Fund Management Team ........................................................................................................ 5 The Case for Dividend Growth Investing .................................................................................. 6 Long-Term Historical Performance for Dividend Growers .......................................................... 7 Playing Defense in Turbulent Times ........................................................................................ 8 Rising Dividends Can Indicate Strong Fundamentals ............................................................... 9 The Successful Rising Dividends Pattern ............................................................................... 10 Investment Criteria ................................................................................................................ 11 Summary .............................................................................................................................. 13 Sector Allocation ................................................................................................................... 14 Top Ten Holdings .................................................................................................................. 15 Portfolio Characteristics - Equity ............................................................................................ 16 Performance Statistics .......................................................................................................... 17 Calendar Year Returns ......................................................................................................... 18 Performance Risk Statistics .................................................................................................. 19 Management Profile .............................................................................................................. 20 Glossary ............................................................................................................................... 22 Important Disclosures ........................................................................................................... 23 2 For Dealer Use Only | Not for Distribution to the Public

FRANKLIN TEMPLETON INVESTMENTS Franklin U.S. Rising Dividends Fund   Investment Capabilities Overview FRANKLIN TEMPLETON INVESTMENTS Total Combined Assets Under Management: CAD$947.6 Billion Institutional AUM: CAD$227.9 Billion Single Business Development, Relationship Management, and Consultant Relations Platform Equity    Fixed Income  Multi-Asset Solutions Alternatives AUM CAD$411.9 Billion CAD$363.3 Billion CAD$163.4 Billion CAD$19.3 Billion CAPABILITIES Value Deep Value Core Value Blend Growth At a Reasonable Price (GARP) Growth ActiveQuant Convertibles Sector Shariah Smart Beta Government Municipals Corporate Credit Bank Loans Securitized Multi-Sector Currencies Sukuk Income Real Return Balanced/Hybrid Total Return Target Date/Risk Target Return Absolute Return Tactical Asset Allocation Managed Volatility Commodities Infrastructure Real Estate Hedge Funds Private Equity INVESTMENT TEAMS Templeton Global Equity Group (1940) Franklin Equity Group (1947) Franklin Mutual Series (1949) Franklin Templeton Emerging Markets Equity (1987) Franklin Bissett Investment Management (1982) Franklin Templeton Fixed Income Group (1970) Templeton Global Macro (1986) Franklin LAM-Fixed Income (1993) Franklin Templeton Multi-Asset Solutions (1996) Franklin Templeton Alpha Parity (2012) Franklin Real Asset Advisors (1984) Darby Overseas Investments (1994) K2 Advisors (1994) Pelagos Capital Management (2005) Source: Franklin Templeton Investments (FTI), as of December 31, 2017, based on latest available data. Total combined Assets Under Management (Total AUM) combines U.S. and non-U.S. AUM of the investment management subsidiaries of the parent company, Franklin Resources, Inc. (FRI) [NYSE: BEN], a global investment management organisation operating as FTI. Only selected business entities within FTI claim compliance with the GIPS standards as described in the table of contents if applicable. Total and platform AUM includes discretionary and non-discretionary accounts, including pooled investment vehicles, separate accounts and other vehicles. Total and platform AUM may also include advisory accounts with or without trading authority. In addition, assets for which certain FTI advisers provide limited asset allocation advisory services, and assets that are not allocated to FTI products are not included in the AUM figures shown. Franklin Templeton Multi-Asset Solutions may invest in various investment platforms advised by a number of investment advisory entities within FTI. Platform AUM reported for FT Multi-Asset Solutions therefore may include certain AUM separately reported under each utilised investment platform. Total AUM also includes assets managed by certain FTI advisers that do not form part of the selected investment platforms shown. As a result, the combined platform AUMs may not equal Total AUM and may be calculated and reported separately for regulatory or other purposes under each investment adviser. Each local asset manager may be considered as an entity affiliated with or associated to FTI by virtue of being a direct or indirect wholly-owned subsidiary of FRI, an entity or joint venture in which FRI owns a partial interest, which may be a minority interest, or a third party asset management company to which investment advisory services have been delegated by an FTI adviser. Franklin Local Asset Management (LAM) includes Franklin Bissett Investment Management, which is part of Franklin Templeton Investments Corp. In Canada, the advisor to the Franklin Templeton Multi-Asset Solutions mandates is Fiduciary Trust Company of Canada, a wholly owned subsidiary of Franklin Templeton Investments Corp. Franklin Templeton Multi-Asset Solutions is a business name used by Fiduciary Trust Company of Canada. 3 For Dealer Use Only | Not for Distribution to the Public

Who Is Franklin Templeton Investments? Franklin U.S. Rising Dividends Fund   Who Is Franklin Templeton Investments? 4 For Dealer Use Only | Not for Distribution to the Public

Fund Management Team Franklin U.S. Rising Dividends Fund   Fund Management Team CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute. 1. Managers of the Franklin U.S. Rising Dividends Fund since October 2005. As of December 31, 2017. 5 For Dealer Use Only | Not for Distribution to the Public

The Case for Dividend Growth Investing Franklin U.S. Rising Dividends Fund   The Case for Dividend Growth Investing 6 For Dealer Use Only | Not for Distribution to the Public

Long-Term Historical Performance for Dividend Growers Franklin U.S. Rising Dividends Fund   Long-Term Historical Performance for Dividend Growers 7 For Dealer Use Only | Not for Distribution to the Public

Playing Defense in Turbulent Times Franklin U.S. Rising Dividends Fund   Playing Defense in Turbulent Times 8 For Dealer Use Only | Not for Distribution to the Public

Rising Dividends Can Indicate Strong Fundamentals Franklin U.S. Rising Dividends Fund   Rising Dividends Can Indicate Strong Fundamentals 9 For Dealer Use Only | Not for Distribution to the Public

The Successful Rising Dividends Pattern Franklin U.S. Rising Dividends Fund   The Successful Rising Dividends Pattern 10 For Dealer Use Only | Not for Distribution to the Public

Investment Criteria Franklin U.S. Rising Dividends Fund   Investment Criteria 11 For Dealer Use Only | Not for Distribution to the Public

Franklin U.S. Rising Dividends Fund   12 For Dealer Use Only | Not for Distribution to the Public

Summary Franklin U.S. Rising Dividends Fund   Summary Franklin U.S. Rising Dividends Fund - Series F As of December 31, 2017 Summary of Investment Objectives Fund Inception Date December 1, 1984 This Fund seeks to achieve long-term capital appreciation by investing primarily in American equities, with at least 80% of net assets in companies that have paid consistently rising dividends. Series Inception Date December 1, 1984 Distribution Frequency Annually Investment Style Blend Portfolio Manager(s) Benchmark (CAD) S&P 500 Index Donald Taylor United States Total Net Assets (CAD) [All Series] 961,443,111 Nicholas Getaz, CFA United States Number of Issuers 67 Portfolio Turnover 2.02% Asset Allocation Equity: 98.88% Cash & Cash Equivalents: 1.12% The Portfolio Turnover is calculated over a 12-month period as at the end of the fiscal year (June 30, 2017). Holdings of the same issuer have been combined. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. Percentage may not equal 100% due to rounding. 13 For Dealer Use Only | Not for Distribution to the Public

Sector Allocation Franklin U.S. Rising Dividends Fund   Sector Allocation Franklin U.S. Rising Dividends Fund  vs. S&P 500 Index  As of December 31, 2017 Portfolio % Index % Over/Under % Industrials          24.20 10.18 14.02 Industrials Capital Goods 20.49 7.38 13.10 Commercial & Professional Services 2.47 0.59 1.88 Health Care Transportation 1.25 2.21 -0.96 Health Care 18.27 13.84 4.43 Information Technology Health Care Equipment & Services 13.27 5.65 7.62 Pharmaceuticals, Biotechnology & Life Sciences 4.99 8.18 -3.19 Materials Information Technology 13.71 23.84 -10.12 Software & Services 8.69 14.17 -5.48 Consumer Staples Semiconductors & Semiconductor Equipment 5.02 3.89 1.13 Technology Hardware & Equipment 0.00 5.77 -5.77 Consumer Discretionary Materials 12.16 3.00 9.17 Consumer Staples 11.85 8.20 3.66 Energy Food, Beverage & Tobacco 5.40 4.57 0.83 Food & Staples Retailing 3.38 1.82 1.56 Financials Household & Personal Products 3.07 1.81 1.27 Consumer Discretionary 9.67 12.20 -2.53 Utilities Retailing 4.43 5.73 -1.29 Consumer Services 2.20 1.88 0.32 Real Estate Consumer Durables & Apparel 1.83 1.18 0.64 Media 1.21 2.76 -1.55 Telecommunication Services Automobiles & Components 0.00 0.66 -0.66 Energy 6.38 6.07 0.30 Cash & Cash Equivalents Financials 2.63 14.78 -12.15 Insurance 2.24 2.65 -0.40 Diversified Financials 0.39 6.41 -6.03 0% 6% 12% 18% 24% 30% Banks 0.00 5.72 -5.72    Franklin U.S. Rising Dividends Fund Utilities 0.00 2.93 -2.93    S&P 500 Index Real Estate 0.00 2.89 -2.89 Telecommunication Services 0.00 2.06 -2.06 Cash & Cash Equivalents 1.12 0.00 1.12 Weightings as percent of total. Percentage may not total 100% due to rounding. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. 14 For Dealer Use Only | Not for Distribution to the Public

Top Ten Holdings Franklin U.S. Rising Dividends Fund   Top Ten Holdings Franklin U.S. Rising Dividends Fund As of December 31, 2017 Name of Issuer Industry % of Total ROPER TECHNOLOGIES INC Capital Goods 4.84 MICROSOFT CORP Software & Services 4.73 ALBEMARLE CORP Materials 4.54 HONEYWELL INTERNATIONAL INC Capital Goods 3.38 STRYKER CORP Health Care Equipment & Services 3.34 ACCENTURE PLC Software & Services 3.32 BECTON DICKINSON AND CO Health Care Equipment & Services 3.19 PRAXAIR INC Materials 3.18 TEXAS INSTRUMENTS INC Semiconductors & Semiconductor Equipment 2.94 AIR PRODUCTS & CHEMICALS INC Materials 2.74 Total 36.19 Holdings of the same issuer have been combined, unless otherwise noted. Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. The information provided is not a recommendation to purchase, sell, or hold any particular security. The securities identified do not represent the Fund’s entire holdings and in the aggregate may represent only a small percentage of such holdings. There is no assurance that securities purchased will remain in the Fund or that securities sold will not be purchased. In addition, it should not be assumed that any securities transactions discussed were or will prove to be profitable. The portfolio manager for the Fund reserves the right to withhold release of information with respect to holdings that would otherwise be included in the top 10 holdings list. 15 For Dealer Use Only | Not for Distribution to the Public

Portfolio Characteristics - Equity Franklin U.S. Rising Dividends Fund   Portfolio Characteristics - Equity 16 For Dealer Use Only | Not for Distribution to the Public

Performance Statistics Franklin U.S. Rising Dividends Fund   Performance Statistics Franklin U.S. Rising Dividends Fund - Series F As of December 31, 2017 Compounded Returns (%)  Inception Date 1 Mth* 3 Mths* YTD* 1 Yr 3 Yrs 5 Yrs 10 Yrs 20 Yrs Since Incept Franklin U.S. Rising Dividends Fund - Series F 12.1.1984 -1.89 7.28 11.63 11.63 11.92 17.92 10.09 3.93 7.29 S&P 500 Index -1.45 7.45 14.06 14.06 14.39 21.38 11.08 6.51 11.23 Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund facts document before investing. The indicated rates of return are historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.  Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As a consequence, the management fee on Series F is lower than on Series A. *Cumulative Total Returns Past performance is not an indicator or a guarantee of future performance. 17 For Dealer Use Only | Not for Distribution to the Public

Calendar Year Returns Franklin U.S. Rising Dividends Fund   Calendar Year Returns Franklin U.S. Rising Dividends Fund - Series F As of December 31, 2017 44% 41.57 37.71 27% 24.30 20.77 18.09 14.06 13.68 11.63 13.06 10.48 11.38 8.68 9.16 9.25 10% 6.74 7.49 4.36 -0.01 -10.20 -22.86 -7% -24% 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008    Franklin U.S. Rising Dividends Fund - Series F    S&P 500 Index Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund facts document before investing. The indicated rates of return are historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.  Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As a consequence, the management fee on Series F is lower than on Series A. Past performance is not an indicator or a guarantee of future performance. 18 For Dealer Use Only | Not for Distribution to the Public

Performance Risk Statistics Franklin U.S. Rising Dividends Fund   Performance Risk Statistics Franklin U.S. Rising Dividends Fund - Series F As of December 31, 2017 Performance Risk Statistics 1 Yr 3 Yrs* 5 Yrs* 10 Yrs* 15 Yrs* 20 Yrs* Standard Deviation (%): Franklin U.S. Rising Dividends Fund - Series F   11.55 11.33 10.04 10.94 10.72 11.88 S&P 500 Index 10.15 11.71 10.22 11.76 11.19 12.73 Tracking Error (%)^^  2.48 2.97 2.69 4.36 4.12 4.38 Information Ratio^^  -0.97 -0.83 -1.28 -0.23 -0.58 -0.59 Beta^^  1.12 0.94 0.95 0.86 0.89 0.88 Sharpe Ratio 0.96 1.00 1.71 0.83 0.38 0.13 ^^Measured against the S&P 500 Index. *Annualized. Past performance is not an indicator or a guarantee of future performance. 19 For Dealer Use Only | Not for Distribution to the Public

Management Profile Franklin U.S. Rising Dividends Fund   Management Profile 20 For Dealer Use Only | Not for Distribution to the Public

Management Profile Franklin U.S. Rising Dividends Fund   Management Profile 21 For Dealer Use Only | Not for Distribution to the Public

Glossary Franklin U.S. Rising Dividends Fund   Glossary Beta:  A measure of the magnitude of a portfolio's past share-price fluctuations in relation to the ups and downs of the overall market (or appropriate market index). The market (or index) is assigned a beta of 1.00, so a portfolio with a beta of 1.20 would have seen its share price rise or fall by 12% when the overall market rose or fell by 10%.  Information Ratio:  In investing terminology, the ratio of expected return to risk. Usually, this statistical technique is used to measure a manager's performance against a benchmark. This measure explicitly relates the degree by which an investment has beaten the benchmark to the consistency by which the investment has beaten the benchmark.  Sharpe Ratio:  To calculate a Sharpe ratio, an asset's excess returns (its return in excess of the return generated by risk-free assets such as Treasury bills) are divided by the asset's standard deviation.  Standard Deviation:  A measure of the degree to which a fund's return varies from the average of its previous returns. The larger the standard deviation, the greater the likelihood (and risk) that a fund's performance will fluctuate from the average return.  Tracking Error:  Measure of the deviation of the return of a fund compared to the return of a benchmark over a fixed period of time. Expressed as a percentage. The more passively the investment fund is managed, the smaller the tracking error.  22 For Dealer Use Only | Not for Distribution to the Public

Important Disclosures Franklin U.S. Rising Dividends Fund   Important Disclosures The information presented is considered reliable at the present time; however, we do not represent that it is accurate or complete, or that it should be relied upon as such. Speculation or stated beliefs about future events, such as market or economic conditions, company or security performance, upcoming product offerings or other projections represent the beliefs of the speaker and do not necessarily represent the views of Franklin Templeton Investments Corp. General business, market, economic and political conditions could cause actual results to differ materially. The information presented is not a recommendation or solicitation to buy or sell securities.     Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund facts document before investing. The indicated rates of return are historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.     Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As a consequence, the management fee on Series F is lower than on Series A.    Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. STANDARD & POOR’S®, S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC. Standard & Poor’s does not sponsor, endorse, sell or promote any S&P index-based product.    © 2018 Franklin Templeton Investments Corp. All rights reserved. Franklin Templeton Investments Canada is a business name used by Franklin Templeton Investments Corp. CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute. 23 For Dealer Use Only | Not for Distribution to the Public