1. 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

2. 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
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3. 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
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4. 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

5. 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
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6. The Case for Dividend Growth Investing
Franklin U.S. Rising Dividends Fund
The Case for Dividend Growth Investing 6
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7. 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

8. 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

9. Rising Dividends Can Indicate Strong Fundamentals
Franklin U.S. Rising Dividends Fund
Rising Dividends Can Indicate Strong Fundamentals 9
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10. The Successful Rising Dividends Pattern
Franklin U.S. Rising Dividends Fund
The Successful Rising Dividends Pattern 10
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11. Investment Criteria Franklin U.S. Rising Dividends Fund
Investment Criteria 11
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12. Franklin U.S. Rising Dividends Fund12
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13. 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
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14. 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
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15. 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
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16. Portfolio Characteristics - Equity
Franklin U.S. Rising Dividends Fund
Portfolio Characteristics - Equity 16
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17. 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
-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
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18. 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
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19. 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
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20. Management Profile Franklin U.S. Rising Dividends Fund
Management Profile 20
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21. Management Profile Franklin U.S. Rising Dividends Fund
Management Profile 21
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22. 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
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23. 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
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