# EDGAR Filing Document

**Accession Number:** 0001022804
**File Stem:** 0001868420-23-000054
**Filing Date:** 2023-3
**Character Count:** 344632
**Document Hash:** 5324597f4eb022e3151b8d2407c4cf26
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001868420-23-000054.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001868420-23-000054

**CONFORMED SUBMISSION TYPE**: N-CSR/A

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20220731

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**EFFECTIVENESS DATE**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN FUND ALLOCATOR SERIES
- **CENTRAL INDEX KEY:** 0001022804
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSR/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07851
- **FILM NUMBER:** 23783497

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-4018

**MAIL ADDRESS:**
- **STREET 1:** FRANKLIN FUND ALLOCATOR SERIES
- **STREET 2:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN TEMPLETON FUND ALLOCATOR SERIES
- **DATE OF NAME CHANGE:** 19960912

## Series and Classes Contracts Data

### Franklin Emerging Market Core Equity (IU) Fund (Series ID: S000066091)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000213628 | Advisor      | FCEEX           |

### Franklin International Core Equity (IU) Fund (Series ID: S000066092)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000213629 | Advisor      | FCENX           |

### Franklin U.S. Core Equity (IU) Fund (Series ID: S000066093)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000213630 | Advisor      | FCEUX           |

PANEL 4 INTERNATIONAL CORE EQUITY (4) FUND

| Investable universe typically includes equity securities of companies in the MSCI Europe, Australasia, Far East (EAFS) Index | Pharmaceuticals | 8.8% |
| --- | --- | --- |
|  | Barks | 7.7% |
|  | Oil, Gas & Consumable Fuels | 6.2% |

# Performance Summary as of July 31, 2009

Performance is a company that is a major business and is a major business. Performance that the Fund has managed, managed and managed by the Company, the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share of the Company's share

# Performance as of 7/31/22

The performance is a company that is a major business and is a major business. The company is a major business and is a major business.

See page 12 for Performance Summary162.docx

14

Annual Report

Tumblestry@bsc.com

FRANKLIN INTERNATIONAL CORP. EQUITY (AI) FUND

12 months ended July 31, 2022. In comparison, the MSCI EAFE Index, which measures equity market performance of developed markets, excluding the U.S. and Canada, pooled
Capital Markets: $10,000 Invest
SermonsDUCTors & Semiconductor Equipment: 3.3%
Total Return Index Comparison for a Hypothetical $10,000 Investment: 2.8%
1. The Company's performance is based upon the 10% of the Company's performance in the 10% of the Company's performance in the 10% of the Company's performance in the 10% of the Company's performance in the 10% of the Company's performance in the 10% of the Company's performance in the 10% of the Company's performance in the 10% of the Company's performance in the 10% of the Company's performance in the 10% of the Company's performance in the 10% of the Company's performance

![img-0.jpeg](img-0.jpeg)

See page 12 for Performance Summary footnotes.

Franklin International Corp. Equity - MSCI EAFE Index®
(AI) Fund
11

PANEL 8 INTERNATIONAL CODE EQUITY (AI) FORM

Preliminary management and performance, which does not guarantee future results. Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from

| Machinery | 2.3% |
| --- | --- |
| Other* | 40.4% |
| Short-Term Investments & Other Net Assets | 3.9% |

The following table shows the distribution of the financial statements and the corresponding results. The data is presented in Table 1. The data is presented in Table 2. The data is presented in Table 3. The data is presented in Table 4. The data is presented in Table 5. The data is presented in Table 6. The data is presented in Table 7. The data is presented in Table 8. The data is presented in Table 9. The data is presented in Table 10. The data is presented in Table 11. The data is presented in Table 12. The data is presented in Table 13. The data is presented in Table 14. The data is presented in Table 15. The data is presented in Table 16. The data is presented in Table 17. The data is presented in Table 18. The data is presented in Table 19. The data is presented in Table 20. The data is presented in Table 21. The data is presented in Table 22. The data is presented in Table 23. The data is presented in Table 24. The data is presented in Table 25. The data is presented in Table 26. The data is presented in Table 27. The data is presented in Table 28. The data is presented in Table 29. The data is presented in Table 30. The data is presented in Table 31. The data is presented in Table 32. The data is presented in Table 33. The data is presented in Table 34. The data is presented in Table 35. The data is presented in Table 36. The data is presented in Table 37. The data is presented in Table 38. The data is presented in Table 39. The data is presented in Table 40. The data is presented in Table 41. The data is presented in Table 42. The data is presented in Table 43. The data is presented in Table 44. The data is presented in Table 45. The data is presented in Table 46. The data is presented in Table 47. The data is presented in Table 48. The data is presented in Table 49. The data is presented in Table 50. The data is presented in Table 51. The data is presented in Table 52. The data is presented in Table 53. The data is presented in Table 54. The data is presented in Table 55. The data is presented in Table 56. The data is presented in Table 57. The data is presented in Table 58. The data is presented in Table 59. The data is presented in Table 60. The data is presented in Table 61. The data is presented in Table 62. The data is presented in Table 63. The data is presented in Table 64. The data is presented in Table 65. The data is presented in Table 66. The data is presented in Table 67. The data is presented in Table 68. The data is presented in Table 69. The data is presented in Table 70. The data is presented in Table 71. The data is presented in Table 72. The data is presented in Table 73. The data is presented in Table 74. The data is presented in Table 75. The data is presented in Table 76. The data is presented in Table 77. The data is presented in Table 78. The data is presented in Table 79. The data is presented in Table 80. The data is presented in Table 81. The data is presented in Table 82. The data is presented in Table 83. The data is presented in Table 84. The data is presented in Table 85. The data is presented in Table 86. The data is presented in Table 87. The data is presented in Table 88. The data is presented in Table 89. The data is presented in Table 90. The data is presented in Table 91. The data is presented in Table 92. The data is presented in Table 93. The data is presented in Table 94. The data is presented in Table 95. The data is presented in Table 96. The data is presented in Table 97. The data is presented in Table 98. The data is presented in Table 99. The data is presented in Table 100.

L2 Annual Report

TyrddinneyJones.com

MUSKALAL INTERNATIONAL CODE EQUITY 2(1) FUND

% of Total
Net Assets

# Manager's Discussion

During the period under review, the Fund underperformed its investable universe, as represented by the MSCI EAFE Index.

# Your Fund's Expenses

Note: The Fund offers of mutual funds incur ongoing costs and/or other expenses from the Fund underperformed. The Fund's expenses are sometimes referred to as operating expenses. The Fund's expenses are not limited to the Fund's profit or loss. The Fund's expenses are not limited to the Fund's profit or loss. The Fund's expenses are not limited to the Fund's profit or loss. The Fund's expenses are not limited to the Fund's profit or loss. The Fund's expenses are not limited to the Fund's profit or loss. The Fund's expenses are not limited to the Fund's profit or loss. The Fund's expenses are not limited to the Fund's profit or loss. The Fund's expenses are not limited to the Fund's profit or loss.

![img-1.jpeg](img-1.jpeg)

fund@eafesegroup.com

Annual Report 13

# Franklin U.S. Core Equity (IU) Fund

Public Care & Work: 1. No
Other: 0. No
Work selection within the communication services and
information technology (IT) sectors proved positive. In
the **Franklin Compendium** contributed to relative returns,
the **Franklin Compendium** contributed to relative returns,
the **Franklin Compendium** contributed to relative returns,
the **Franklin Compendium** contributed to relative returns,
the **Franklin Compendium** contributed to relative returns,
the **Franklin Compendium** contributed to relative returns,
the **Franklin Compendium** contributed to relative returns,
the **Franklin Compendium** contributed to relative returns,
the **Franklin Compendium** contributed

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:

The following table provides the information in English:[{"box_2d": [25, 125, 464, 125], "label": "

FRANKLIN U.S. CORP. EQUITY (NJ) FUND

The NYU of Labor is a part of the U.S. Department of Labor and the United States, and the United States is a part of the U.S. Department of Labor and the United States is a part of the U.S. Department of Labor and the United States is a part of the U.S. Department of Labor and the United States is a part of the U.S. Department of Labor and the United States is a part of the U.S. Department of Labor and the United States is a part of the U.S. Department of Labor and the United States is a part of the U.S.

# Hypothetical Example for Comparison with Other Funds

Under the heading "Hypothetical" in the table, information is provided about hypothetical account values and hypothetical

http://www.nyuk.com

Annual Report

15

FRANKLIN D.C. CORE EQUITY (14) FUND

Index:

| Pharmaceuticals | 3.5% |
| --- | --- |
| Equity Real Estate Investment Trusts (REITs) | 3.2% |

# Performance Overview

# Performance Summary as of July 31, 2022

The Performance Summary is a summary of the performance of the Company's performance. The Company's performance is based on the performance of the Company's performance. The Company's performance is based on the performance of the Company's performance.

# Performance as of 7/31/22

The Performance Summary is a summary of the performance of the Company's performance. The Company's performance is based on the performance of the Company's performance.

See page 10 for Performance Summary footnotes.

14

Annual Report

Tyrddinerydsc.com

PROBLEM: U.S. CORE EQUITY (5G) FUND

total U.S. equity market performance, posted a -4.64% cumulative total return for the same period. You can find more of the Fund's performance data in the Performance Sum. Total Return Index in Comparison for a Hypothetical $10,000 Investment

Health Care Equipment & Supplies
Other*
Own Term Investments & Other Net Assets
2.8%
1.8%

Total Revenue and other costs of the Company's operations and other assets of the Company's operations and other assets of the Company's operations and other assets of the Company's operations and other assets of the Company's operations and other assets of the Company's operations and other assets of the Company's operations and other assets of the Company's operations and other assets of the Company's operations and other assets of the Company's operations and other assets of the Company's operations and other assets of the Company's operations and other assets of the Company's operations and other assets of the Company

![img-2.jpeg](img-2.jpeg)

Total Return, $10,000
Total Assets
$10,000
$10,000
$10,000
$10,000
$10,000
$10,000
$10,000
$10,000

- Franklin U.S. Core Equity (5G) - S&P 500®
Fund

See page 10 for Performance Summary Statistics

www.fund.com | Annual Report | 1

FRANKLIN A.S. CORP. EQUITY 242 FUND

I believe that you may have a gain or loss when you sell your shares. Current performance may differ from figures shown.

# **Top 10 Holdings**

7/30/02

Company
Industry

% of Total
Net Assets

Monocraft Corp.

Software

7.4%

# **Distributions (cont.)**

The following table provides the resulting portfolio holdings

| Monocraft Corp. | 7.4% |
| --- | --- |
| Software |  |
| Monocraft Corp. | 7.4% |
| Software |  |
| Monocraft Corp. | 7.4% |
| Software |  |
| Monocraft Corp. | 7.4% |
| Software |  |
| Monocraft Corp. | 7.4% |

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

24 Annual Report

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

The following table provides the results of the following table:

FRANKLIN U.S. CORE EQUITY 3/4 FUND

stocks with characteristics of both ("core" style of investing).
We employ a multi-factor selection process that includes
using a proprietary model to assign a quantitative factor
score. **Mean Funds/Consensus** 4.0%
On one day, a second of 1000 funds will be used to
the other funds are used to the other funds. The table below shows the
value of the funds. The table below shows the value of the funds
and compare them with those of other mutual funds. The table assumes a
value of the funds. The table below shows the value of the funds
and compare them with those of other mutual funds. The table assumes a
value of the funds. The table below shows the value of the funds
and compare them with those of other mutual funds. The table assumes a
value of the funds. The table below shows the value of the funds
and compare them with those of other mutual funds. The table assumes a
value of the funds.

![img-3.jpeg](img-3.jpeg)

The following table provides the information in a tabular format:

FRANKLIN PARK ASSOCIATES SERIES

limits and security weight limit constraints.

| Automobiles |  |
| --- | --- |
| Berkshire Hathaway, Inc. | 1.7% |
| Distreted Financial Services |  |
| Moore Technology, Inc. | 1.0% |

# **Management's Discussion**

In 2020, the firm's performance was 100%. The Fund may be subject to greater risk of damage, damage, and loss of profits. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is

The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%.

The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%.

The Fund's performance is 100%. The Fund's performance is 100%. The Fund's performance is 100%.

The Fund's performance is 100%. The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.

The Fund's performance is 100%.[{"box_2d": [25, 125, 453, 125], "label": "text

FRANKLIN PARK ALLOCATION SERIES

# Schedule of Investments, July 31, 2022

Business Analysis of the Company's Shareholders' Equity, the Company is authorized by the United States and other securities, and the potential for under-counter liabilities under the Company's Shareholders' Equity, the Company's Shareholders' Equity, and the Company's Shareholders' Equity, and the Company's Shareholders' Equity, and the Company's Shareholders' Equity, and the Company's Shareholders' Equity, and the Company's Shareholders' Equity, and the Company's Shareholders' Equity, and the Company's Shareholders' Equity, and the Company's Shareholders' Equity, and the Company's Shareholders' Equity, and the Company's Shareholders' Equity, and the Company's Shareholders' Equity, and

Total (or) 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

The accompanying notes are an integral part of these financial statements. Printed Report 21

FRANKLIN PARK ALLOCATOR SERIES

SCHEDULE OF INVESTMENTS

1. The Fund has an expertise collection and a fair market assessment with any investments it makes in a Franklin Templeton twenty-back stable other Franklin Templeton fund, respectively, guaranteed through 12/30/22. Fund investment results reflect the expertise collection and fair market, without those exclusives, the faculty would have been:

**Franklin Emerging Market Core Equity (EG) Fund** (continued)

2. Deductions and results associated with Franklin Templeton (EG) and Franklin Templeton (FR) are not to be used to estimate the actual market account balance or expense.
3. Deductions and results associated with Franklin Templeton (EG) and Franklin Templeton (FR) are not to be used to estimate the actual market account balance or expense.
4. Deductions and results associated with Franklin Templeton (EG) and Franklin Templeton (FR) are not to be used to estimate the actual market account balance or expense.
5. Deductions and results associated with Franklin Templeton (EG) and Franklin Templeton (FR) are not to be used to estimate the actual market account balance or expense.
6. Deductions and results associated with Franklin Templeton (EG) and Franklin Templeton (FR) are not to be used to estimate the actual market account balance or expense.
7. Deductions and results associated with Franklin Templeton (EG) and Franklin Templeton (FR) are not to be used to estimate the actual market account balance or expense.
8. Deductions and results associated with Franklin Templeton (EG) and Franklin Templeton (FR) are not to be used to estimate the actual market account balance or expense.
9. Deductions and results associated with Franklin Templeton (EG) and Franklin Templeton (FR) are not to be used to estimate the actual market account balance or expense.
10. Deductions and results associated with Franklin Templeton (EG) and Franklin Templeton (FR) are not to be used to estimate the actual market account balance or expense.

22 Annual Report The accompanying notes are an integral part of these financial statements. FranklinTempleton.com

FRANKLIN PARK ALLOCATION SERIES
SCHEDULE OF INVESTMENTS

Year Ended: Expenses and Financial Highlights earned in this report in periods of market volatility, assets may decline significantly, causing local annual Fund operating expenses in the following States: Year Ended: 31 March 2018[{"box_2d": [26, 68, 467, 125], "label": "table", "caption": "

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

| Program | Description | Country | Location | Balance |
| --- | --- | --- | --- | --- |
| Financial Highlights | Financial Highlights | China | China | 1,000,000.00 |

<table><thead><tr><th>Program</th><th>Description</th><th>Country</th><th>Location</th><th>Balance</th></tr></thead><tr><td>Financial Highlights</td><td>Financial Highlights</td><td>China</td><td>China</td><td>1,000,000

FRANKLIN PARK ALLOCATOR SERIES
SCHEDULE OF INVESTMENTS

# Franklin Emerging Market Core Equity (E2) Fund (continued)[{"box_2d": [25, 68, 467, 126], "label": "table", "caption": "

| Fund | Fund Name | Ending | Fund During | Ending | Fund During | Amount |
| --- | --- | --- | --- | --- | --- | --- |
| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| 1000 | First Dying | Monday | Period | Period | Period | Amount |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |
| 1000 | First Dying | Monday | Period | Period | Period | Amount |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |
| 1000 | First Dying | Monday | Period | Period | Period | Amount |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |
| 1000 | First Dying | Monday | Period | Period | Period | Amount |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |
| 1000 | First Dying | Monday | Period | Period | Period | Amount |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

| 1000 | First Dying | Monday | Period | Period | Period | Amount |
| --- | --- | --- | --- | --- | --- | --- |

<table><tr><td>1000</td><td>First Dying</td><td>Monday</td><td>Period</td><

FRANKLIN PINE ALLOCATION SERIES
SCHEDULE OF INVESTMENTS

# Franklin Emerging Market Core Equity (E) Fund (continued)

|  | Country | Shares | Value |
| --- | --- | --- | --- |
| Franklin Emerging Market Core Equity (E) Fund | China | 276,700 | 2,000,000 |
| Franklin Emerging Market Core Equity (E) Fund | India | 281,000 | 2,000,000 |
| Franklin Emerging Market Core Equity (E) Fund | China | 20,000 | 2,000,000 |
| Franklin Emerging Market Core Equity (E) Fund | China | 20,000 | 2,000,000 |
| Franklin Emerging Market Core Equity (E) Fund | China | 20,000 | 2,000,000 |
| Franklin Emerging Market Core Equity (E) Fund | China | 20,000 | 2,000,000 |
| Franklin Emerging Market Core Equity (E) Fund | China | 20,000 | 2,000,000 |

www.franklinenergy.com

The accompanying notes are an integral part of these financial statements. Printed Report 25

FRANKLIN PARK ALLOCATOR SERIES
SCHEDULE OF INVESTMENTS

# Franklin Emerging Market Core Equity (E2) Fund (continued)

| Project | Project Name | Total | Total |
| --- | --- | --- | --- |
| MC1, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC2, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC3, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC4, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC5, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC6, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC7, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC8, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC9, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC10, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC11, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC12, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC13, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC14, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC15, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC16, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC17, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC18, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |
| MC19, Texas Emerging Corp., Inc. | Capital | 1,000,000 | 1,000,000 |

26 Annual Report The accompanying notes are an integral part of these financial statements. franklinenews.com

FRANKLIN PINE ALLOCATOR SERIES
SCHEDULE OF INVESTMENTS

# Franklin Emerging Market Core Equity (F) Fund (continued)

| Investment Income | 2017 | 2016 |
| --- | --- | --- |
| Investments | $1,000,000 | $1,000,000 |
| Investments | $1,000,000 | $1,000,000 |
| Investments | $1,000,000 | $1,000,000 |
| Investments | $1,000,000 | $1,000,000 |
| Investments | $1,000,000 | $1,000,000 |

FranklinEnergies.com

The accompanying notes are an integral part of these financial statements. Printed Report 27

FRANKLIN FUND ALLOCATOR SERIES

# Financial Highlights

# Franklin International Core Equity (F2) Fund[{"box_2d": [25, 67, 467, 125], "label": "table", "caption": "

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

|  | Year | 1st | 2nd | 3rd | Year |
| --- | --- | --- | --- | --- | --- |
| For the period August 30, 2020 (effective date) to July 30, 2021 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |

<table><thead><tr><th></th><th>Year</th><th>1st</th><th>2nd</th><th>3rd</th><th>Year</th></tr></thead><tr><td>For the period August 30, 2

FRANKLIN FUND ALLOCATION SERIES

# Schedule of Investments, July 31, 2022

# Franklin International Core Equity (FIJ) Fund

| Fund | Description | Value | Value |
| --- | --- | --- | --- |
| Total | Total Investment Funds | $3.15 | $3.15 |
| Less: 1. First | First | (1.00) | (1.00) |
| 2. Second | Second | (1.00) | (1.00) |
| 3. Third | Third | (1.00) | (1.00) |
| 4. Fourth | Fourth | (1.00) | (1.00) |
| 5. Fifth | Fifth | (1.00) | (1.00) |
| 6. Sixth | Sixth | (1.00) | (1.00) |
| 7. Sixth | Eighth | (1.00) | (1.00) |
| 8. Sixth | Tenth | (1.00) | (1.00) |
| 9. Sixth | Eighth | (1.00) | (1.00) |
| 10. Sixth | Eighth | (1.00) | (1.00) |
| 11. Sixth | Eighth | (1.00) | (1.00) |
| 12. Sixth | Eighth | (1.00) | (1.00) |
| 13. Sixth | Eighth | (1.00) | (1.00) |
| 14. Sixth | Eighth | (1.00) | (1.00) |
| 15. Sixth | Eighth | (1.00) | (1.00) |
| 16. Sixth | Eighth | (1.00) | (1.00) |
| 17. Sixth | Eighth | (1.00) | (1.00) |
| 18. Sixth | Eighth | (1.00) | (1.00) |
| 19. Sixth | Eighth | (1.00) | (1.00) |
| 20. Sixth | Eighth | (1.00) | (1.00) |

Franklin International Core

The accompanying notes are an integral part of these financial statements. Printed Report 24

FRANKLIN PARK ASSOCIATES SERIES
SCHEDULE OF INVESTMENTS

# Franklin International Core Equity (A2) Fund (continued)

| Total Investment in Misc. Funds: 20.30% | Stockholders' funds | 20,000,000 | 20,000,000 |
| --- | --- | --- | --- |
| Market for International and/or Other | Unless | 600,000 | 600,000 |
| Excess of 10% of the market for affiliates and corporate reduction | Stockholders' funds | 0.00% | 0.00% |
| Excess of 10% of the market for affiliates | Stockholders' funds | 0.00% | 0.00% |
| Excess of 10% of the market for affiliates | Stockholders' funds | 0.00% | 0.00% |
| Excess of 10% of the market for affiliates | Stockholders' funds | 0.00% | 0.00% |
| Total Investment in Misc. Funds: 20,000,000 | Stockholders' funds | 0.00% | 0.00% |
| Net of 10% of the market for affiliates | Stockholders' funds | 0.00% | 0.00% |
| Net of 10% of the market for affiliates | Stockholders' funds | 0.00% | 0.00% |
| Net of 10% of the market for affiliates | Stockholders' funds | 0.00% | 0.00% |

30 Annual Report This accompanying notes are an integral part of these financial statements.

Franklin創投資顧問

FRANKLIN PINE ALLOCATION SERIES
SCHEDULE OF INVESTMENTS

Franklin International Core Equity (IV) Fund (continued)

| Post-Share Capital | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| --- | --- | --- | --- |
| 2018 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| 2019 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| 2020 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| 2021 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| 2022 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| 2023 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| 2024 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| 2025 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| 2026 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| 2027 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| 2028 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |
| 2029 Financial Statements | 1,000,000.00 | US$1,000,000.00 | 1,000,000.00 |

Franklin International Core

The accompanying notes are an integral part of these financial statements. Printed Report 21

FRANKIN PARK ALLOCATOR SERIES
SCHEDULE OF INVESTMENTS

# Franklin International Core Equity (RJ) Fund (continued)

| Total Total Investment | Country | Shares | Total |
| --- | --- | --- | --- |
| Total Total Investment | United Kingdom | 1,000,000 | 1,000,000 |
| Total Investment | Japan | 600,000 | 600,000 |
| Total Investment | Germany | 600,000 | 600,000 |
| Total Investment | Germany | 600,000 | 600,000 |
| Total Investment | Germany | 600,000 | 600,000 |
| Total Investment | Germany | 600,000 | 600,000 |
| Total Investment | Germany | 600,000 | 600,000 |

32 Annual Report The accompanying notes are an integral part of these financial statements.

Franklinenyklaw.com

FRANKLIN PINE ALLOCATION SERIES
SCHEDULE OF INVESTMENTS

# Franklin International Core Equity (F) Fund (continued)[{"box_2d": [40, 67, 467, 122], "label": "table", "caption": "

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |
| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |
| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

| 1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1 | In-Country | 3,000,000 | 3,000,000 |
| --- | --- | --- | --- |

"}][{"box_2d": [40, 443, 100, 453], "label": "text", "Franchial-interesting-2020"}]

The accompanying notes are an integral part of the financial statements.

1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1

The following table is a table with the following table:

The following table is a table with the following table:

The following table is a table with the following table:

The following table is a table with the following table:

The following table is a table with the following table:

The following table is a table with the following table:

The following table is a table with the following table:

The following table is a table with the following table:

The following table is a table with the following table:

The following table is a table with the following table:

The following table is a table with the following table:[{"box_2d": [40, 443, 100, 453], "label": "text", "Franchial-interesting-2020"}][{"box_2d": [40, 443, 100, 453], "label": "text", "Franchial-interesting-2020"}]

The following table is a table with the following table:

The following table is a table with the following table:

The following table is a table with the following table:

The following table is a table with the following table:[{"box_2d": [40

FRANKLIN PARK ALLOCATOR SERIES
SCHEDULE OF INVESTMENTS

# Franklin International Core Equity (RJ) Fund (continued)

| RJF Banking Partners 2.5% | Columbus | 100,000,000 | 1,500,000,000 |
| --- | --- | --- | --- |
| RJF Banking Partners 1.5% | Mary Company | 200,000,000 | 2,000,000,000 |
| RJF Banking Partners 1.5% | United States | 100,000,000 | 1,500,000,000 |
| RJF Banking Partners 1.5% | United Kingdom | 7,000,000 | 10,000,000,000 |
| RJF Banking Partners 1.5% | United Kingdom | 100,000,000 | 1,500,000,000 |
| RJF Banking Partners 1.5% | United Kingdom | 100,000,000 | 1,500,000,000 |
| RJF Banking Partners 1.5% | United Kingdom | 100,000,000 | 1,500,000,000 |

See Abbreviations on page 50.

1Receipts to less than 0.5% of net assets.

2Security was published pursuant to Rule 1404 of Regulation X under the Securities Act of 2003. 1404 securities may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 2003. Regulation X securities cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 2003, or pursuant to an exemption from registration. At July 31, 2020, the aggregate value of these securities was $15,000,000, representing 2.5% of net assets.

3Non-recurring processing.

4See Rule 3(d) regarding investments in affiliated management investment companies.

5The rate shown is the annualized seven-day effective yield at period end.

30 Annual Report The accompanying notes are an integral part of these financial statements.

Franklinenquiries.com

FRANKLIN FUND ALLOCATION SERIES

# Financial Highlights

# Franklin U.S. Core Equity (52) Fund

| Fund | Fund | Year Ended July 31, | 1,000,000,000 |
| --- | --- | --- | --- |
| Financial Services | Financial Services | 1985 | 1,000,000,000 |
| Financial Services | Financial Services | 1985 | 1,000,000,000 |
| Financial Services | Financial Services | 1985 | 1,000,000,000 |
| Financial Services | Financial Services | 1985 | 1,000,000,000 |
| Financial Services | Financial Services | 1985 | 1,000,000,000 |

With the period August 30, 2018 effective date on July 31, 2018.

This amount shown for a client undertaking throughout the period may not correlate with the Statement of Operations for the period due to the timing of sales and adjustments of the Fund's clients in relation to income earned under Scheduling last value of the investments of the Fund.

Report for average daily income outstanding.

Total return is not annualized for periods less than one year.

Please see an attached list periods less than one year, except for non-recurring expenses. If any.

Benefit of expense reduction results is less than 0.05%.

franklininfo@ex.com

The accompanying notes are an integral part of these financial statements. Revised Report

25

FRANKLIN PARK ALLOCATOR SERIES

# Schedule of Investments, July 31, 2022

Franklin U.S. Core Equity (RJ) Fund

| First Quarter Ended December 31, | Consolidated | $1,000,000 | 1,000,000 |
| --- | --- | --- | --- |
| 2022 | Unrealized | $1,000,000 | 1,000,000 |
| 2023 | Unrealized | $1,000,000 | 1,000,000 |
| 2024 | Unrealized | $1,000,000 | 1,000,000 |
| 2025 | Unrealized | $1,000,000 | 1,000,000 |
| 2026 | Unrealized | $1,000,000 | 1,000,000 |
| 2027 | Unrealized | $1,000,000 | 1,000,000 |
| 2028 | Unrealized | $1,000,000 | 1,000,000 |
| 2029 | Unrealized | $1,000,000 | 1,000,000 |
| 2030 | Unrealized | $1,000,000 | 1,000,000 |
| 2031 | Unrealized | $1,000,000 | 1,000,000 |
| 2032 | Unrealized | $1,000,000 | 1,000,000 |
| 2033 | Unrealized | $1,000,000 | 1,000,000 |
| 2034 | Unrealized | $1,000,000 | 1,000,000 |
| 2035 | Unrealized | $1,000,000 | 1,000,000 |
| 2036 | Unrealized | $1,000,000 | 1,000,000 |
| 2037 | Unrealized | $1,000,000 | 1,000,000 |
| 2038 | Unrealized | $1,000,000 | 1,000,000 |
| 2039 | Unrealized | $1,000,000 | 1,000,000 |
| 2040 | Unrealized | $1,000,000 | 1,000,000 |

38

Annual Report The accompanying notes are an integral part of these financial statements.

franklinenylee.com

FRANKLIN PINE ALLOCATION SERIES

SCHEDULE OF INVESTMENTS

Franklin U.S. Core Equity (52) Fund (continued)

| 1. The Company's Shareholding | 1,000,000 | 1,000,000 |
| --- | --- | --- |
| 2. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 3. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 4. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 5. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 6. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 7. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 8. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 9. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 10. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 11. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 12. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 13. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 14. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 15. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 16. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 17. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 18. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 19. The Company's Shareholding | 1,000,000 | 1,000,000 |
| 20. The Company's Shareholding | 1,000,000 | 1,000,000 |

Franklin Investment Corp.

The accompanying notes are an integral part of these financial statements.

Annual Report

27

FRANKLIN PARK ALLOCATOR SERIES
SCHEDULE OF INVESTMENTS

Franklin U.S. Core Equity (A2) Fund (continued)

FRANKLIN FUND ALLOCATION SERIES

SCHEDULE OF INVESTMENTS

Franklin U.S. Core Equity (SI) Fund (continued)[{"box_2d": [43, 68, 469, 125], "label": "table", "caption": "

| American Capital | 84,000,000 | 1,000,000,000 |
| --- | --- | --- |
| Foreign Exchange (cont.) | 104,000,000 | 1,000,000,000 |
| Foreign Exchange (cont.) | 108,000 | 16,000,000,000 |
| Investments | 80,000 | 8,000,000 |
| Investments in the United States | 81,000,000 | 1,000,000,000 |
| Investments in the United Kingdom | 81,000,000 | 1,000,000,000 |
| Investments in the United States of America | 81,000,000 | 1,000,000,000 |
| Investments in the United Kingdom | 81,000,000 | 1,000,000,000 |
| Investments in the United States of America | 81,000,000 | 1,000,000,000 |
| Investments in the United Kingdom | 81,000,000 | 1,000,000,000 |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |
| Fixed Assets | 1,000,000 | 1,000,000,000 |
| Fixed Assets | 1,000,000 | 1,000,000,000 |
| Fixed Assets | 1,000,000 | 1,000,000,000 |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |
| Fixed Assets | 1,000,000 | 1,000,000,000 |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

| Fixed Assets | 1,000,000 | 1,000,000,000 |
| --- | --- | --- |

<table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><table><tr><td>Fixed Assets</td><td>1,000,000</td><td>1,000,000,000</td></tr></tabletable><tr><td>Fixed Assets</td><td>1,000,000</td><td>1

FRANKLIN PARK ALLOCATOR SERIES
SCHEDULE OF INVESTMENTS

Franklin U.S. Core Equity (A2) Fund (continued)

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |
| New Jersey 1.5% | 100,000 | 25.0% |
| New Jersey 1.5% | 100,000 | 25.0% |
| New Jersey 1.5% | 100,000 | 25.0% |
| New Jersey 1.5% | 100,000 | 25.0% |
| New Jersey 1.5% | 100,000 | 25.0% |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |
| New Jersey 1.5% | 100,000 | 25.0% |
| New Jersey 1.5% | 100,000 | 25.0% |
| New Jersey 1.5% | 100,000 | 25.0% |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |
| New Jersey 1.5% | 100,000 | 25.0% |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |
| New Jersey 1.5% | 100,000 | 25.0% |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table></table>

| New Jersey 1.5% | 100,000 | 25.0% |
| --- | --- | --- |

</table></table></table></table></table></table>

All Actual Report - This accompanying notes are an integral part of these financial statements.

Tyrkblsennyklass.com

FRANKLIN PINE ALLOCATION SERIES

SCHEDULE OF INVESTMENTS

Franklin U.S. Core Equity (SI) Fund (continued)

| Core Equity Fund Investment Finance Services 0.0% | 61,000,000 | 4,000,000 |
| --- | --- | --- |
| Shareholders' Equity Fund | 100,000,000 | 10,000,000 |
| Shareholders' Equity Fund | 100,000,000 | 10,000,000 |
| Other Securities Fund | 100,000,000 | 10,000,000 |
| Core Equity Fund Investment Fund | 100,000,000 | 10,000,000 |
| Shares of the Company | 100,000,000 | 10,000,000 |
| Shares of the Company | 100,000,000 | 10,000,000 |
| Shareholders' Equity Fund | 100,000,000 | 10,000,000 |
| Shareholders' Equity Fund | 100,000,000 | 10,000,000 |

www.financialreporter.com

The accompanying notes are an integral part of these financial statements. Printed Report

41

FRANKLIN PARK ASSOCIATES SERIES
SCHEDULE OF INVESTMENTS

Franklin U.S. Core Equity (K:) Fund (continued)

| First State Investing (K:) 0% | 100,000,000 | 10,000,000,000 |
| --- | --- | --- |
| Debt (K:) 0% | 100,000,000 | 10,000,000,000 |
| Debt (K:) 0% | 100,000,000 | 10,000,000,000 |
| Debt (K:) 0% | 100,000,000 | 10,000,000,000 |
| Debt (K:) 0% | 100,000,000 | 10,000,000,000 |
| Debt (K:) 0% | 100,000,000 | 10,000,000,000 |
| Total (K:) 0% | 100,000,000 | 10,000,000,000 |
| Total (K:) 0% | 100,000,000 | 10,000,000,000 |
| Total (K:) 0% | 100,000,000 | 10,000,000,000 |

*Assets to less than 0.5% of net assets

**Non-recurring

Net loss (by signing investments in affected management investment companies)

The net shown is the annualized seven-day effective week of period end

62 Annual Report The accompanying notes are an integral part of these financial statements.

franklinenp@bsc.com

FRANKLIN PARK ALLOCATION SERIES
FRANKLIN, CONNECTICUT

# Statements of Assets and Liabilities

July 31, 2022

| Cash and cash equivalents | Franklin | 12,000,000 | 2,700,000,000 |
| --- | --- | --- | --- |
| Prepaid and accrued liabilities | Wavering | 10,000,000 | 11,000,000,000 |
| Total non-cash assets (2021-2022) (2022-2023) 100.0% | Market City | 10,000,000 | 10,000,000,000 |
| Total non-cash assets (2021-2022) (2022-2023) 100.0% | Equity Act | 10,000,000 | 10,000,000,000 |
| Total non-cash assets (2021-2022) (2022-2023) 100.0% | Fixed | 10,000,000 | 10,000,000,000 |
| Total non-cash assets (2021-2022) (2022-2023) 100.0% |  | 10,000,000 | 10,000,000,000 |
| Total non-cash assets (2021-2022) (2022-2023) 100.0% |  | 10,000,000 | 10,000,000,000 |
| Total non-cash assets (2021-2022) (2022-2023) 100.0% |  |  |  |

bankfortre洲

The accompanying notes are an integral part of these financial statements. Journal Report 41

FRANKLIN PARK ASSOCIATES SERIES

FINANCIAL STATEMENTS

# Statements of Operations

for the year ended July 31, 2022

| Cash and cash equivalents (in thousands) | Freehold, 742 | 236,936,461 | 1,136,649 |
| --- | --- | --- | --- |
| Prepaid and payable in the year ended July 31, 2022 | Repayable, 202 | 1,136,649 | 1,136,649 |
| Prepaid and payable in the year ended July 31, 2022 | Repayable, 202 | 1,136,649 | 1,136,649 |
| Prepaid and payable in the year ended July 31, 2022 | Equity, 202 | 1,136,649 | 1,136,649 |
| Cash and cash equivalents (in thousands) | Equity, 202 | 1,136,649 | 1,136,649 |
| Cash and cash equivalents (in thousands) | Freehold, 202 | 1,136,649 | 1,136,649 |
| Cash and cash equivalents (in thousands) | Freehold, 202 | 1,136,649 | 1,136,649 |
| Cash and cash equivalents (in thousands) | Freehold, 202 | 1,136,649 | 1,136,649 |

a Other income-reducible payments by Advisors for acquired land fees and expenses (see Note 3a).

48 Annual Report - The accompanying notes are an integral part of these financial statements.

Tyrddinery@bsc.com

FRANKLIN PARK ALLOCATION SERIES
FINANCIAL STATEMENTS

# Statements of Changes in Net Assets

| United States Government Holdings, Inc. | Franklin Emerging Market Core Equity (M) | 1,176 | 76,678,000 | 1,000,000 |
| --- | --- | --- | --- | --- |
| United States Investment Bank, Inc. | Fund | 80,675,437 | 1,000,000 | 1,000,000 |
| United States Investment Bank, Inc. | Year Ended | Year Ended | 12,000,000 | 12,000,000 |
| United States Investment Bank, Inc. | May 31, 2022 | May 31, 2022 | 12,000,000 | 12,000,000 |
| United States Investment Bank, Inc. |  | 9,678,473 | 2,000,000 | 2,000,000 |
| United States Investment Bank, Inc. |  |  | 40,000 | 10,000,000 |
| United States Investment Bank, Inc. |  |  | 10,000,000 | 10,000,000 |
| United States Investment Bank, Inc. |  |  | 10,000,000 | 10,000,000 |
| United States Investment Bank, Inc. |  |  | 10,000,000 | 10,000,000 |

www.financialex.com

The accompanying notes are an integral part of these financial statements. Journal Report 28

PROBLEM PART 2: LOCATION SHEETS

FINANCIAL STATEMENTS

# Statements of Changes in Net Assets

(continued)

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |
| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |
| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |
| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity | 4,770 | Balance at December 31, 2023 | 1,000,000,000 |
| --- | --- | --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table>

| Proposed Stockholders' Equity |  |
| --- | --- |

</table></table>[{"box, [25, [25,,,, [25, 159, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155, 155</td></tr></table>"}]

| 30 | Annual Report | The accompanying notes set an integral part of these financial statements. | Yorkhills |
| --- | --- | --- | --- |

Yorkhills.com

FINANCIAL FUND ALLOCATION SERIES

# Notes to Financial Statements

FRANKLIN PARK ALLOCATOR SERIES

NOTES TO FINANCIAL STATEMENTS

# **1. Organization and Significant Accounting Policies**

The purpose of this report is to provide a comprehensive overview of the organization's performance and its management practices. The report is based on a comprehensive overview of the organization's performance and its management practices. It includes a comprehensive overview of the organization's performance and its management practices.

The Funds may be subject to foreign taxation related to the use of the investment and the tax-based investment in the financial sector. The funds may be subject to foreign taxation related to the use of the investment and the tax-based investment in the financial sector. The funds may be subject to foreign taxation related to the use of the investment and the tax-based investment in the financial sector.

48 American Deposit Syndicate System

FRANKLIN PARK ALLOCATION SERIES
NOTES TO FINANCIAL STATEMENTS

1. Organization and Significant Accounting Policies
Net income and unrealized gain (loss)
The Company shall be subject to the following: (1) the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results

a. Accounting Estimates
All other financial data are available for the year ended December 31, 2013. The Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results of the Company's performance and results

Annual Report 28

FRANKLIN PARK ALLOCATOR SERIES
NOTES TO FINANCIAL STATEMENTS

# 2. Shares of Beneficial Interest

In the event of a change in the Company's performance, the Company shall be held at the time of the change in the Company's performance. The Company shall have the right to change the Company's performance at the time of change in the Company's performance. The Company shall have the right to change the Company's performance at the time of change in the Company's performance.

50

Annual Report

TyrddinneyJones.com

FRANKLIN PARK ALLOCATION SERIES
NOTES TO FINANCIAL STATEMENTS

# 3. Transactions with Affiliates

among the funds owned by the State of New York, as a result of the funds, where two contracts with service
are made in the United States, and the funds are not made in the United States. The funds are not made in the United States.
The funds are not made in the United States. The funds are not made in the United States.
The funds are not made in the United States. The funds are not made in the United States.
The funds are not made in the United States. The funds are not made in the United States.
The funds are not made in the United States. The funds are not made in the United States.
The funds are not made in the United States. The funds are not made in the United States.

The undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned, the undersigned

www.franklinparks.com

Annual Report 51

FRANKLIN PARK ALLOCATOR SERIES
NOTES TO FINANCIAL STATEMENTS

# 3. Transactions with Affiliates

The following are the following terms and conditions of the Company's agreement to the Company's Board of Directors:
1. The Company's Board of Directors shall be held at the time of the agreement to the Company's Board of Directors.
2. The Company's Board of Directors shall be held at the time of the agreement to the Company's Board of Directors.
3. The Company's Board of Directors shall be held at the time of the agreement to the Company's Board of Directors.
4. The Company's Board of Directors shall be held at the time of the agreement to the Company's Board of Directors.
5. The Company's Board of Directors shall be held at the time of the agreement to the Company's Board of Directors.
6. The Company's Board of Directors shall be held at the time of the agreement to the Company's Board of Directors.
7. The Company's Board of Directors shall be held at the time of the agreement to the Company's Board of Directors.
8. The Company's Board of Directors shall be held at the time of the agreement to the Company's Board of Directors.
9. The Company's Board of Directors shall be held at the time of the agreement to the Company's Board of Directors.
10. The Company's Board of Directors shall be held at the time of the agreement to the Company's Board of Directors.

52

Annual Report

Tyrddinerydalen.com

FRANKLIN PARK ALLOCATION SERIES

NOTES TO FINANCIAL STATEMENTS

# 5. Income Taxes

The following table provides the information in a specific format:

www.haid.com

Annual Report

51

FRANKLIN PARK ALLOCATOR SERIES
NOTES TO FINANCIAL STATEMENTS

# 6. Investment Transactions

The financial statements are subject to change without notice. The financial statements are subject to change without notice. The financial statements are subject to change without notice. The financial statements are subject to change without notice. The financial statements are subject to change without notice. The financial statements are subject to change without notice. The financial statements are subject to change without notice. The financial statements are subject to change without notice. The financial statements are subject to change without notice. The financial statements are subject to change without notice.

54 Annual Report

Transparency Date.com

FRANKLIN PARK ALLOCATION SERIES

NOTES TO FINANCIAL STATEMENTS

# 8. Novel Coronavirus Pandemic

The following table provides the information in a specific format:

The following table is a simple diagram and cannot be extracted.

A. 100%

51

FRANKLIN PARK ALLOCATOR SERIES
NOTES TO FINANCIAL STATEMENTS

# 9. Fair Value Measurements

The fair value measurements are based on the fair value estimates of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value of the fair value

56 Annual Report

TashkhempAster.com

FRANKLIN PARK ALLOCATION SERIES
NOTES TO FINANCIAL STATEMENTS

# 9. Fair Value Measurements

Future financial statements are not only available for public financial instruments, but also for other financial instruments. Interest rates, Q&A, and other financial instruments are not only available for public financial instruments, but also for other financial instruments. Interest rates, Q&A, and other financial instruments are not only available for public financial instruments, but also for other financial instruments. Interest rates, Q&A, and other financial instruments are not only available for public financial instruments, but also for other financial instruments. Interest rates, Q&A, and other financial instruments are not only available for public financial instruments, but also for other financial instruments.

![img-0.jpeg](img-0.jpeg)

www.fairview.com

Annual Report 17

FRANKLIN PARK ASSOCIATES, NEBRASKA
NOTES TO FINANCIAL STATEMENTS

# 10. New Accounting Pronouncements

The following are the first 10 years of the year. The following are the first 10 years of the year. The following are the first 10 years of the year.

10 Annual Report 790

FRANKLIN FUND ALLOCATOR SERIES

# Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Franklin Fund Allocator Series and Shareholders of Franklin Emerging Market Core Equity (FL)

Fund, Franklin International Core Equity (FL) Fund, and Franklin U.S. Core Equity (FL) Fund

The following table shows the distribution of the financial statements and the results of the financial statements. The results are presented in Table 1. The results are presented in Table 2. The results are presented in Table 3. The results are presented in Table 4. The results are presented in Table 5. The results are presented in Table 6. The results are presented in Table 7. The results are presented in Table 8. The results are presented in Table 9. The results are presented in Table 10. The results are presented in Table 11. The results are presented in Table 12. The results are presented in Table 13. The results are presented in Table 14. The results are presented in Table 15. The results are presented in Table 16. The results are presented in Table 17. The results are presented in Table 18. The results are presented in Table 19. The results are presented in Table 20. The results are presented in Table 21. The results are presented in Table 22. The results are presented in Table 23. The results are presented in Table 24. The results are presented in Table 25. The results are presented in Table 26. The results are presented in Table 27. The results are presented in Table 28. The results are presented in Table 29. The results are presented in Table 30. The results are presented in Table 31. The results are presented in Table 32. The results are presented in Table 33. The results are presented in Table 34. The results are presented in Table 35. The results are presented in Table 36. The results are presented in Table 37. The results are presented in Table 38. The results are presented in Table 39. The results are presented in Table 40. The results are presented in Table 41. The results are presented in Table 42. The results are presented in Table 43. The results are presented in Table 44. The results are presented in Table 45. The results are presented in Table 46. The results are presented in Table 47. The results are presented in Table 48. The results are presented in Table 49. The results are presented in Table 50. The results are presented in Table 51. The results are presented in Table 52. The results are presented in Table 53. The results are presented in Table 54. The results are presented in Table 55. The results are presented in Table 56. The results are presented in Table 57. The results are presented in Table 58. The results are presented in Table 59. The results are presented in Table 60. The results are presented in Table 61. The results are presented in Table 62. The results are presented in Table 63. The results are presented in Table 64. The results are presented in Table 65. The results are presented in Table 66. The results are presented in Table 67. The results are presented in Table 68. The results are presented in Table 69. The results are presented in Table 70. The results are presented in Table 71. The results are presented in Table 72. The results are presented in Table 73. The results are presented in Table 74. The results are presented in Table 75. The results are presented in Table 76. The results are presented in Table 77. The results are presented in Table 78. The results are presented in Table 79. The results are presented in Table 80. The results are presented in Table 81. The results are presented in Table 82. The results are presented in Table 83. The results are presented in Table 84. The results are presented in Table 85. The results are presented in Table 86. The results are presented in Table 87. The results are presented in Table 88. The results are presented in Table 89. The results are presented in Table 90. The results are presented in Table 91. The results are presented in Table 92. The results are presented in Table 93. The results are presented in Table 94. The results are presented in Table 95. The results are presented in Table 96. The results are presented in Table 97. The results are presented in Table 98. The results are presented in Table 99. The results are presented in Table 100.

www.franklin.com

Annual Report 16

FRANKLIN PARK ALLOCATOR SERIES

# Tax Information (unaudited)

By mid-February, tax-information related to a shareholder's proportionate share of distributions paid during the preceding

| 2018 | 2017 | 2016 | 2015 |
| --- | --- | --- | --- |
| 2017 | 2016 | 2015 | 2014 |
| 2016 | 2015 | 2014 | 2013 |
| 2015 | 2014 | 2013 | 2012 |
| 2014 | 2013 | 2012 | 2011 |
| 2013 | 2012 | 2011 | 2010 |
| 2012 | 2011 | 2010 | 2009 |
| 2011 | 2010 | 2009 | 2008 |
| 2010 | 2009 | 2008 | 2007 |
| 2009 | 2008 | 2007 | 2006 |
| 2008 | 2007 | 2006 | 2005 |
| 2007 | 2006 | 2005 | 2004 |
| 2006 | 2005 | 2004 | 2003 |
| 2005 | 2004 | 2003 | 2002 |
| 2004 | 2003 | 2002 | 2001 |
| 2003 | 2002 | 2001 | 2000 |
| 2002 | 2001 | 2000 | 1999 |

60 Annual Report Taxholders' Index 2017

FRANKLIN PARK ALLOCATION SERIES

## Board Members and Officers

The name, year of birth and address of the officers and board members, as well as their affiliations, positions held with the Board of Directors, and the following amounts, or if subsequently determined to be different, the maximum allowable amount of the board of directors shall be held for (and the position of directors and board members) not more than 100,000. The board of directors shall be held for (and the position of directors and board members) not more than 100,000. The board of directors shall be held for (and the position of directors and board members) not more than 100,000.

www.hrad-affiliates.com

Annual Report 61

PROBLEM, PART 2: LOCATION, SERIES

# Independent Board Members

(continued)

Name: THE PRESIDENT
Title: The PCAOB
Purpose: The Board of Directors
Title: The Board of Directors
Number: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1
Number of Directors: 1

62
Annual Report
Tankhinters photo.com

FRANKLIN PARK ALLOCATION SERIES

# Independent Board Members

(continued)

Guarantee Holdings USA (holding

out(since 2013 pursuant) and

due to error or fraud, and performing procedures that respond to the842(a)(1) and (b)(2) of the 2013 and 2014 Board of Directors of the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America, the United States of America

www.foa.gov

Annual Report

43

FRANKLIN PARK ALLOCATOR SERIES

Interested Board Members and Officers Fund Party Bill Fund
Foreign Affairs Division (Foreign) (with the Paul's Youth) (1) 1972
Foreign Affairs Division (Foreign) (with the Paul's Youth) (1) 1972
Foreign Affairs Division (Foreign) (with the Paul's Youth) (1) 1972
Foreign Affairs Division (Foreign) (with the Paul's Youth) (1) 1972
Foreign Affairs Division (Foreign) (with the Paul's Youth) (1) 1972
Foreign Affairs Division (Foreign) (with the Paul's Youth)
1972
Foreign Affairs Division (Foreign) (with the Paul's Youth) (1) 1972
Foreign Affairs Division (Foreign) (with the Paul's Youth) (1) 1972
Foreign Affairs Division (Foreign) (with the Paul's Youth) (1) 1972
Foreign Affairs Division (Foreign) (with the Paul's Youth) (1) 1972
Foreign Affairs Division (Foreign) (with the Paul's Youth) (1

44 Annual Report

Yorkhillsleypress.com

FRANKLIN PARK ALLOCATION SERIES

Doc Status: CA 84002-2006 Go Summary since 2010

financing (2006-2010)

Data: 2006-2010, 2011-2020, 2021-2030, 2031-2040, 2041-2050, 2051-2060, 2061-2070, 2071-2080, 2081-2090, 2091-2100

Data: 2006-2010, 2011-2020, 2021-2030, 2031-2040, 2041-2050, 2051-2060, 2061-2070, 2071-2080, 2081-2090, 2091-2100

---

^{}[]788-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000-0000

FRANKLIN FUND ALLOCATOR SERIES

# Shareholder Information

Last Updated: 04/05/2020 10:00 AM
Last Updated: 04/05/2020 10:00 AM
Last Updated: 04/05/2020 10:00 AM
Last Updated: 04/05/2020 10:00 AM
Last Updated: 04/05/2020 10:00 AM
Last Updated: 04/05/2020 10:00 AM
Last Updated: 04/05/2020 10:00 AM
Last Updated: 04/05/2020 10:00 AM
Last Updated: 04/05/2020 10:00 AM
Last Updated: 04/05/2020

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

FRANKLIN FUND ALLOCATOR SERIES
FRANKLIN FUND ALLOCATOR SERIES

06 Annual Report
Franklin Fund Allocator Series
Franklin Fund Allocator Series

FRANKLIN PARK ALLOCATION SERIES
SHAREHOLDER INFORMATION

offerings in response to the market environment and project
sach Fund's annualized total return for the one-year period
Barnard Occupation During at Least the Page 5 Years
The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

Investment Company Act of 1940 (Independent Trustees), reviewed and approved the continuance of the investment

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm[{"

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm

The Company is a member of the firm of the firm of the firm[{"[{"[{"[{"

The Company is a member of the firm of the firm of the firm[{"[{"[{"[{"[{"[{"[{"[{"

The Company is a member of the firm of the firm of the firm[{"[{"[{"[{"[{"[{"

The Company is a member of the firm of the firm of the firm[{"[{"[{"[{"[{"[{"[{"[{"

The Company is a member of the firm of the firm of the firm[{"[{"[{"[{"[{"[{"[{"[{"[{"

The Company is a member of the firm of the firm of the firm[{"[{"[{"[{"[{"[{"[{"[{"[{"

The Company is a member of the firm of the firm of the firm[{"[{"[{"[{"[{"[{"[{"[{"[{"

The Company is a member of the firm of the firm of the firm[{"[{"[{"[{"[{"[{"[{"[{"[{"

The Company is a member of the firm of the firm of the firm[{"[{"[{"[{"[{"[{"[{"[{"[{"[{"

The Company is a member of the firm of the firm[{"[{"[{"[{"[{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":label":label":label":[{"[{"[{"[{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":label":label":label":[{"[{"[{"[{"[{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":label":label":label":[{"[{"[{"[{"[{"[{"[{"[{"[{"[{""}]

The Company is a member of the firm of the firm[{"[{"[{"[{"[{"[{"[{"[{"[{"[{"[{""}][{""}]

The Company is a member of the firm of the firm[{"[{"[{"[{"[{"[{""}][{""}][{""}]

The Company is a member of the firm of the firm[{"[{"[{""}][{"[{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}]

The Company is a member of the firm of the firm[{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}]

The Company is a member of the firm of the firm[{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}]

The Company is a member of the firm of the firm[{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}]

The Company is a member of the firm of the firm[{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}]

The Company is a member of the firm of the firm[{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}]

The Company is a member of the firm of the firm[{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}]

The Company is a member of the firm of the firm[{""}][{""}][{""}][{""}][{""}][{""}]

The Company is a member of the firm of the firm[{""}][{""}][{"[{""}][{""}][{""}]

The Company is a member of the firm of the firm[{"[{""}][{"[{"[{"[{""}]

The Company is a member of the firm of the firm[{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"

The Company is a member of the firm of the firm[{"

The Company is a member of the firm of the firm[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "[{"[{""}][{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "[{"[{"[{"[{"[{""}][{"[{"[{""}]

The Company is a member of the firm of the firm[{"[{"[{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "text", "caption": "The Company is a member of the firm of the firm"}][{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "[{"[{"[{"[{""}][{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "[{"

The Company is a member of the firm of the firm[{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "[{"[{"[{""}][{"[{""}][{"box_2d": [25, 50, 467, 125], "label": "text", "_footer", "The Company is a member of the firm of the firm"}][{"[{"[{"[{""}][{"[{""}]

The Company is a member of the firm of the firm[{"[{"[{"[{"[{""}][{""}][{""}]

The Company is a member of the firm of the firm[{"[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "[{"[{"[{"[{""}][{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "[{"[{"[{""}][{"[{"[{""}][{"box_2d": [25, 50, 467, 125], "label": "[{"[{"

The Company is a member of the firm of the firm[{"[{"[{"[{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "[{"[{"[{""}][{"[{""}][{"box_2d": [25, 50, 467, 125], "label": "[{"[{"[{""}][{"[{"[{"box_2d": [25, 50, 467, 125], "label":], "[{"[{""}][{""}][{"[{""}][{""}][{"box_2d": [25, 50, 467, 125], "label": "[{"[{""}][{""}][{""}][{""}][{""}][{"box_2d": [25, 50, 467, 125], "label": "[{"[{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{""}][{"box_2d": [25, 50, 467, 125], "label": "text", "_footer", "caption": "The Company is a member of the firm of the firm"}]

The Company is a member of the firm of the firm[{"[{""}][{""}][{""}]

The Company is a member of the firm of the firm[{"[{"[{""}][{"[{""}][{""}][{""}]

The Company is a member of the firm of the firm[{"[{"[{"

The Company is a member of the firm of the firm[{"[{"[{"[{"box, [25, [25, 50, [25, 125,

FRANKLIN PARK ASSOCIATES SERIES

UNREALIZED INFORMATION

in greater efficiencies. The Board also noted management's primarily hold assets that are Highly Liquid, establishing

the management's ability to meet the needs of the organization and to meet the needs of the organization. The Board's ability to meet the needs of the organization and to meet the needs of the organization is a key element of the organization's ability to meet the needs of the organization. The Board's ability to meet the needs of the organization is a key element of the organization's ability to meet the needs of the organization. The Board's ability to meet the needs of the organization is a key element of the organization's ability to meet the needs of the organization. The Board's ability to meet the needs of the organization is a key element of the organization's ability to meet the needs of the organization.

whether to approve the continuation of each Management among other things, the qualifications, background and

68

Annual Report

Tashkhempika.com

FRANKLIN PARK ALLOCATION SERIES
SHAREHOLDER INFORMATION

At meetings of the Funds' Board of Trustees held in May

2018, the Funds' Board of Trustees held in May
2018, the Funds' Board of Trustees held in May
2018, the Funds' Board of Trustees held in May
2018, the Funds' Board of Trustees held in May
2018, the Funds' Board of Trustees held in May
2018, the Funds' Board of Trustees held in May
2018, the Funds' Board

In considering the continuation of each Management

and Co-operative Board, The Board of the Funds' Board of Trustees held in May
2018, the Funds' Board of Trustees held in May
2018, the Funds' Board of Trustees held in May
2018, the Funds' Board of Trustees held in May
2018, the Funds' Board of Trustees held in May
2018, the Funds' Board of Trustees held in May
2018, the Funds' Board

www.fundred.com

Annual Report

11

[{"box_2d": [0, 0, 999, 999], "label": "table", "caption": "<table><tr><td colspan=\"2\">Item 2. Code of Ethics.</td></tr><tr><td colspan=\"2\">(a) The Registrant has adopted a code of ethics that applies to its principal executive officers and principal financial and accounting officer.</td></tr><tr><td colspan=\"2\">(c) N/A</td></tr><tr><td colspan=\"2\">(d) N/A</td></tr><tr><td colspan=\"2\">(f) Pursuant to Item 13(a)(1), the Registrant is attaching as an exhibit a copy of its code of ethics that applies to its principal executive officers and principal financial and accounting officer.</td></tr><tr><td colspan=\"2\">Item 3. Audit/Consulting Financial/Department of the Board reviewed and considered information regarding the Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board</td></tr><tr><td colspan=\"2\">(a) The Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board</td></tr><tr><td colspan=\"2\">(b) The Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's</td></tr><tr><td colspan=\"2\">Item 4. Principal Accountant's Board of Directors of the Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's Board's</td></tr><tr><td colspan=\"2\">#REBLOCK_001 PREBLOCK_002 PREBLOCK_003 PREBLOCK_004 PREBLOCK_005 PREBLOCK_006 PREBLOCK_007 PREBLOCK_008 PREBLOCK_009 PREBLOCK_010 PREBLOCK_011 PREBLOCK_012 PREBLOCK_013 PREBLOCK_014 PREBLOCK_015 PREBLOCK_016 PREBLOCK_017 PREBLOCK_018 PREBLOCK_019 PREBLOCK_020 PREBLOCK_021 PREBLOCK_022 PREBLOCK_023 PREBLOCK_024 PREBLOCK_025 PREBLOCK_026 PREBLOCK_027 PREBLOCK_028 PREBLOCK_029 PREBLOCK_030 PREBLOCK_031 PREBLOCK_032 PREBLOCK_033 PREBLOCK_034 PREBLOCK_035 PREBLOCK_036 PREBLOCK_037 PREBLOCK_038 PREBLOCK_039 PREBLOCK_040 PREBLOCK_041 PREBLOCK_042 PREBLOCK_043 PREBLOCK_044 PREBLOCK_045 PREBLOCK_046 PREBLOCK_047 PREBLOCK_048 PREBLOCK_049 PREBLOCK_050 PREBLOCK_051 PREBLOCK_052 PREBLOCK_053 PREBLOCK_054 PREBLOCK_055 PREBLOCK_056 PREBLOCK_057 PREBLOCK_058 PREBLOCK_059 PREBLOCK_060 PREBLOCK_061 PREBLOCK_062 PREBLOCK_063 PREBLOCK_064 PREBLOCK_065 PREBLOCK_066 PREBLOCK_067 PREBLOCK_068 PREBLOCK_069 PREBLOCK_070 PREBLOCK_071 PREBLOCK_072 PREBLOCK_073 PREBLOCK_074 PREBLOCK_075 PREBLOCK_076 PREBLOCK_077 PREBLOCK_078 PREBLOCK_079 PREBLOCK_080 PREBLOCK_081 PREBLOCK_082 PREBLOCK_083 PREBLOCK_084 PREBLOCK_085 PREBLOCK_086 PREBLOCK_087 PREBLOCK_088 PREBLOCK_089 PREBLOCK_090 PREBLOCK_091 PREBLOCK_092 PREBLOCK_093 PREBLOCK_094 PREBLOCK_095 PREBLOCK_096 PREBLOCK_097 PREBLOCK_098 PREBLOCK_099 PREBLOCK_100 PREBLOCK_101 PREBLOCK_102 PREBLOCK_103 PREBLOCK_104 PREBLOCK_105 PREBLOCK_106 PREBLOCK_107 PREBLOCK_108 PREBLOCK_109 PREBLOCK_110 PREBLOCK_111 PREBLOCK_112 PREBLOCK_113 PREBLOCK_114 PREBLOCK_115 PREBLOCK_116 PREBLOCK_117 PREBLOCK_118 PREBLOCK_119 PREBLOCK_120 PREBLOCK_121 PREBLOCK_122 PREBLOCK_123 PREBLOCK_124 PREBLOCK_125 PREBLOCK_126 PREBLOCK_127 PREBLOCK_128 PREBLOCK_129 PREBLOCK_130 PREBLOCK_131 PREBLOCK_132 PREBLOCK_133 PREBLOCK_134 PREBLOCK_135 PREBLOCK_136 PREBLOCK_137 PREBLOCK_138 PREBLOCK_139 PREBLOCK_140 PREBLOCK_141 PREBLOCK_142 PREBLOCK_143 PREBLOCK_144 PREBLOCK_145 PREBLOCK_146 PREBLOCK_147 PREBLOCK_148 PREBLOCK_149 PREBLOCK_150 PREBLOCK_151 PREBLOCK_152 PREBLOCK_153 PREBLOCK_154 PREBLOCK_155 PREBLOCK_156 PREBLOCK_157 PREBLOCK_158 PREBLOCK_159 PREBLOCK_160 PREBLOCK_161 PREBLOCK_162 PREBLOCK_163 PREBLOCK_164 PREBLOCK_165 PREBLOCK_166 PREBLOCK_167 PREBLOCK_168 PREBLOCK_169 PREBLOCK_170 PREBLOCK_171 PREBLOCK_172 PREBLOCK_173 PREBLOCK_174 PREBLOCK_175 PREBLOCK_176 PREBLOCK_177 PREBLOCK_178 PREBLOCK_179 PREBLOCK_180 PREBLOCK_181 PREBLOCK_182 PREBLOCK_183 PREBLOCK_184 PREBLOCK_185 PREBLOCK_186 PREBLOCK_187 PREBLOCK_188 PREBLOCK_189 PREBLOCK_190 PREBLOCK_191 PREBLOCK_192 PREBLOCK_193 PREBLOCK_194 PREBLOCK_195 PREBLOCK_196 PREBLOCK_197 PREBLOCK_198 PREBLOCK_199 PREBLOCK_200 PREBLOCK_201 PREBLOCK_202 PREBLOCK_203 PREBLOCK_204 PREBLOCK_205 PREBLOCK_206 PREBLOCK_207 PREBLOCK_208 PREBLOCK_209 PREBLOCK_210 PREBLOCK_211 PREBLOCK_212 PREBLOCK_213 PREBLOCK_214 PREBLOCK_215 PREBLOCK_216 PREBLOCK_217 PREBLOCK_218 PREBLOCK_219 PREBLOCK_220 PREBLOCK_221 PREBLOCK_222 PREBLOCK_223 PREBLOCK_224 PREBLOCK_225 PREBLOCK_226 PREBLOCK_227 PREBLOCK_228 PREBLOCK_229 PREBLOCK_230 PREBLOCK_231 PREBLOCK_232 PREBLOCK_233 PREBLOCK_234 PREBLOCK_235 PREBLOCK_236 PREBLOCK_237 PREBLOCK_238 PREBLOCK_239 PREBLOCK_240 PREBLOCK_241 PREBLOCK_242 PREBLOCK_243 PREBLOCK_244 PREBLOCK_245 PREBLOCK_246 PREBLOCK_247 PREBLOCK_248 PREBLOCK_249 PREBLOCK_250 PREBLOCK_251 PREBLOCK_252 PREBLOCK_253 PREBLOCK_254 PREBLOCK_255 PREBLOCK_256 PREBLOCK_257 PREBLOCK_258 PREBLOCK_259 PREBLOCK_260 PREBLOCK_261 PREBLOCK_262 PREBLOCK_263 PREBLOCK_264 PREBLOCK_265 PREBLOCK_266 PREBLOCK_267 PREBLOCK_268 PREBLOCK_269 PREBLOCK_270 PREBLOCK_271 PREBLOCK_272 PREBLOCK_273 PREBLOCK_274 PREBLOCK_275 PREBLOCK_276 PREBLOCK_277 PREBLOCK_278 PREBLOCK_279 PREBLOCK_280 PREBLOCK_281 PREBLOCK_282 PREBLOCK_283 PREBLOCK_284 PREBLOCK_285 PREBLOCK_286 PREBLOCK_287 PREBLOCK_288 PREBLOCK_289 PREBLOCK_290 PREBLOCK_291 PREBLOCK_292 PREBLOCK_293 PREBLOCK_294 PREBLOCK_295 PREBLOCK_296 PREBLOCK_297 PREBLOCK_298 PREBLOCK_299 PREBLOCK_300 PREBLOCK_301 PREBLOCK_302 PREBLOCK_303 PREBLOCK_304 PREBLOCK_305 PREBLOCK_306 PREBLOCK_307 PREBLOCK_308 PREBLOCK_309 PREBLOCK_310 PREBLOCK_311 PREBLOCK_312 PREBLOCK_313 PREBLOCK_314 PREBLOCK_315 PREBLOCK_316 PREBLOCK_317 PREBLOCK_318 PREBLOCK_319 PREBLOCK_320 PREBLOCK_321 PREBLOCK_322 PREBLOCK_323 PREBLOCK_324 PREBLOCK_325 PREBLOCK_326 PREBLOCK_327 PREBLOCK_328 PREBLOCK_329 PREBLOCK_330 PREBLOCK_331 PREBLOCK_332 PREBLOCK_333 PREBLOCK_334 PREBLOCK_335 PREBLOCK_336 PREBLOCK_337 PREBLOCK_338 PREBLOCK_339 PREBLOCK_340 PREBLOCK_341 PREBLOCK_342 PREBLOCK_343 PREBLOCK_344 PREBLOCK_345 PREBLOCK_346 PREBLOCK_347 PREBLOCK_348 PREBLOCK_349 PREBLOCK_350 PREBLOCK_351 PREBLOCK_352 PREBLOCK_353 PREBLOCK_354 PREBLOCK_355 PREBLOCK_356 PREBLOCK_357 PREBLOCK_358 PREBLOCK_359 PREBLOCK_360 PREBLOCK_361 PREBLOCK_362 PREBLOCK_363 PREBLOCK_364 PREBLOCK_365 PREBLOCK_366 PREBLOCK_367 PREBLOCK_368 PREBLOCK_369 PREBLOCK_370 PREBLOCK_371 PREBLOCK_372 PREBLOCK_373 PREBLOCK_374 PREBLOCK_375 PREBLOCK_376 PREBLOCK_377 PREBLOCK_378 PREBLOCK_379 PREBLOCK_380 PREBLOCK_381 PREBLOCK_382 PREBLOCK_383 PREBLOCK_384 PREBLOCK_385 PREBLOCK_386 PREBLOCK_387 PREBLOCK_388 PREBLOCK_389 PREBLOCK_390 PREBLOCK_391 PREBLOCK_392 PREBLOCK_393 PREBLOCK_394 PREBLOCK_395 PREBLOCK_396 PREBLOCK_397 PREBLOCK_398 PREBLOCK_399 PREBLOCK_400 PREBLOCK_401 PREBLOCK_402 PREBLOCK_403 PREBLOCK_404 PREBLOCK_405 PREBLOCK_406 PREBLOCK_407 PREBLOCK_408 PREBLOCK_409 PREBLOCK_410 PREBLOCK_411 PREBLOCK_412 PREBLOCK_413 PREBLOCK_414 PREBLOCK_415 PREBLOCK_416 PREBLOCK_417 PREBLOCK_418 PREBLOCK_419 PREBLOCK_420 PREBLOCK_421 PREBLOCK_422 PREBLOCK_423 PREBLOCK_424 PREBLOCK_425 PREBLOCK_426 PREBLOCK_427 PREBLOCK_428 PREBLOCK_429 PREBLOCK_430 PREBLOCK_431 PREBLOCK_432 PREBLOCK_433 PREBLOCK_434 PREBLOCK_435 PREBLOCK_436 PREBLOCK_437 PREBLOCK_438 PREBLOCK_439 PREBLOCK_440 PREBLOCK_441 PREBLOCK_442 PREBLOCK_443 PREBLOCK_444 PREBLOCK_445 PREBLOCK_446 PREBLOCK_447 PREBLOCK_448 PREBLOCK_449 PREBLOCK_450 PREBLOCK_451 PREBLOCK_452 PREBLOCK_453 PREBLOCK_454 PREBLOCK_455 PREBLOCK_456 PREBLOCK_457 PREBLOCK_458 PREBLOCK_459 PREBLOCK_460 PREBLOCK_461 PREBLOCK_462 PREBLOCK_463 PREBLOCK_464 PREBLOCK_465 PREBLOCK_466 PREBLOCK_467 PREBLOCK_468 PREBLOCK_469 PREBLOCK_470 PREBLOCK_471 PREBLOCK_472 PREBLOCK_473 PREBLOCK_474 PREBLOCK_475 PREBLOCK_476 PREBLOCK_477 PREBLOCK_478 PREBLOCK_479 PREBLOCK_480 PREBLOCK_481 PREBLOCK_482 PREBLOCK_483 PREBLOCK_484 PREBLOCK_485 PREBLOCK_486 PREBLOCK_487 PREBLOCK_488 PREBLOCK_489 PREBLOCK_490 PREBLOCK_491 PREBLOCK_492 PREBLOCK_493 PREBLOCK_494 PREBLOCK_495 PREBLOCK_496 PREBLOCK_497 PREBLOCK_498 PREBLOCK_499 PREBLOCK_500 PREBLOCK_501 PREBLOCK_502 PREBLOCK_503 PREBLOCK_504 PREBLOCK_505 PREBLOCK_506 PREBLOCK_507 PREBLOCK_508 PREBLOCK_509 PREBLOCK_510 PREBLOCK_511 PREBLOCK_512 PREBLOCK_513 PREBLOCK_514 PREBLOCK_515 PREBLOCK_516 PREBLOCK_517 PREBLOCK_518 PREBLOCK_519 PREBLOCK_520 PREBLOCK_521 PREBLOCK_522 PREBLOCK_523 PREBLOCK_524 PREBLOCK_525 PREBLOCK_526 PREBLOCK_527 PREBLOCK_528 PREBLOCK_529 PREBLOCK_530 PREBLOCK_531 PREBLOCK_532 PREBLOCK_533 PREBLOCK_534 PREBLOCK_535 PREBLOCK_536 PREBLOCK_537 PREBLOCK_538 PREBLOCK_539 PREBLOCK_540 PREBLOCK_541 PREBLOCK_542 PREBLOCK_543 PREBLOCK_544 PREBLOCK_545 PREBLOCK_546 PREBLOCK_547 PREBLOCK_548 PREBLOCK_549 PREBLOCK_550 PREBLOCK_551 PREBLOCK_552 PREBLOCK_553 PREBLOCK_554 PREBLOCK_555 PREBLOCK_556 PREBLOCK_557 PREBLOCK_558 PREBLOCK_559 PREBLOCK_560 PREBLOCK_561 PREBLOCK_562 PREBLOCK_563 PREBLOCK_564 PREBLOCK_565 PREBLOCK_566 PREBLOCK_567 PREBLOCK_568 PREBLOCK_569 PREBLOCK_570 PREBLOCK_571 PREBLOCK_572 PREBLOCK_573 PREBLOCK_574 PREBLOCK_575 PREBLOCK_576 PREBLOCK_577 PREBLOCK_578 PREBLOCK_579 PREBLOCK_580 PREBLOCK_581 PREBLOCK_582 PREBLOCK_583 PREBLOCK_584 PREBLOCK_585 PREBLOCK_586 PREBLOCK_587 PREBLOCK_588 PREBLOCK_589 PREBLOCK_590 PREBLOCK_591 PREBLOCK_592 PREBLOCK_593 PREBLOCK_594 PREBLOCK_595 PREBLOCK_596 PREBLOCK_597 PREBLOCK_598 PREBLOCK_599 PREBLOCK_600 PREBLOCK_601 PREBLOCK_602 PREBLOCK_603 PREBLOCK_604 PREBLOCK_605 PREBLOCK_606 PREBLOCK_607 PREBLOCK_608 PREBLOCK_609 PREBLOCK_610 PREBLOCK_611 PREBLOCK_612 PREBLOCK_613 PREBLOCK_614 PREBLOCK_615 PREBLOCK_616 PREBLOCK_617 PREBLOCK_618 PREBLOCK_619 PREBLOCK_620 PREBLOCK_621 PREBLOCK_622 PREBLOCK_623 PREBLOCK_624 PREBLOCK_625 PREBLOCK_626 PREBLOCK_627 PREBLOCK_628 PREBLOCK_629 PREBLOCK_630 PREBLOCK_631 PREBLOCK_632 PREBLOCK_633 PREBLOCK_634 PREBLOCK_635 PREBLOCK_636 PREBLOCK_637 PREBLOCK_638 PREBLOCK_639 PREBLOCK_640 PREBLOCK_641 PREBLOCK_642 PREBLOCK_643 PREBLOCK_644 PREBLOCK_645 PREBLOCK_646 PREBLOCK_647 PREBLOCK_648 PREBLOCK_649 PREBLOCK_650 PREBLOCK_651 PREBLOCK_652 PREBLOCK_653 PREBLOCK_654 PREBLOCK_655 PREBLOCK_656 PREBLOCK_657 PREBLOCK_658 PREBLOCK_659 PREBLOCK_660 PREBLOCK_661 PREBLOCK_662 PREBLOCK_663 PREBLOCK_664 PREBLOCK_665 PREBLOCK_666 PREBLOCK_667 PREBLOCK_668 PREBLOCK_669 PREBLOCK_670 PREBLOCK_671 PREBLOCK_672 PREBLOCK_673 PREBLOCK_674 PREBLOCK_675 PREBLOCK_676 PREBLOCK_677 PREBLOCK_678 PREBLOCK_679 PREBLOCK_680 PREBLOCK_681 PREBLOCK_682 PREBLOCK_683 PREBLOCK_684 PREBLOCK_685 PREBLOCK_686 PREBLOCK_687 PREBLOCK_688 PREBLOCK_689 PREBLOCK_690 PREBLOCK_691 PREBLOCK_692 PREBLOCK_693 PREBLOCK_694 PREBLOCK_695 PREBLOCK_696 PREBLOCK_697 PREBLOCK_698 PREBLOCK_699 PREBLOCK_700 PREBLOCK_701 PREBLOCK_702 PREBLOCK_703 PREBLOCK_704 PREBLOCK_705 PREBLOCK_706 PREBLOCK_707 PREBLOCK_708 PREBLOCK_709 PREBLOCK_710 PREBLOCK_711 PREBLOCK_712 PREBLOCK_713 PREBLOCK_714 PREBLOCK_715 PREBLOCK_716 PREBLOCK_717 PREBLOCK_718 PREBLOCK_719 PREBLOCK_720 PREBLOCK_721 PREBLOCK_722 PREBLOCK_723 PREBLOCK_724 PREBLOCK_725 PREBLOCK_726 PREBLOCK_727 PREBLOCK_728 PREBLOCK_729 PREBLOCK_730 PREBLOCK_731 PREBLOCK_732 PREBLOCK_733 PREBLOCK_734 PREBLOCK_735 PREBLOCK_736 PREBLOCK_737 PREBLOCK_738 PREBLOCK_739 PREBLOCK_740 PREBLOCK_741 PREBLOCK_742 PREBLOCK_743 PREBLOCK_744 PREBLOCK_745 PREBLOCK_746 PREBLOCK_747 PREBLOCK_748 PREBLOCK_749 PREBLOCK_750 PREBLOCK_751 PREBLOCK_752 PREBLOCK_753 PREBLOCK_754 PREBLOCK_755 PREBLOCK_756 PREBLOCK_757 PREBLOCK_758 PREBLOCK_759 PREBLOCK_760 PREBLOCK_761 PREBLOCK_762 PREBLOCK_763 PREBLOCK_764 PREBLOCK_765 PREBLOCK_766 PREBLOCK_767 PREBLOCK_768 PREBLOCK_769 PREBLOCK_770 PREBLOCK_771 PREBLOCK_772 PREBLOCK_773 PREBLOCK_774 PREBLOCK_775 PREBLOCK_776 PREBLOCK_777 PREBLOCK_778 PREBLOCK_779 PREBLOCK_780 PREBLOCK_781 PREBLOCK_782 PREBLOCK_783 PREBLOCK_784 PREBLOCK_785 PREBLOCK_786 PREBLOCK_787 PREBLOCK_788 PREBLOCK_789 PREBLOCK_790 PREBLOCK_791 PREBLOCK_792 PREBLOCK_793 PREBLOCK_794 PREBLOCK_795 PREBLOCK_796 PREBLOCK_797 PREBLOCK_798 PREBLOCK_799 PREBLOCK_800 PREBLOCK_801 PREBLOCK_802 PREBLOCK_803 PREBLOCK_804 PREBLOCK_805 PREBLOCK_806 PREBLOCK_807 PREBLOCK_808 PREBLOCK_809 PREBLOCK_810 PREBLOCK_811 PREBLOCK_812 PREBLOCK_813 PREBLOCK_814 PREBLOCK_815 PREBLOCK_816 PREBLOCK_817 PREBLOCK_818 PREBLOCK_819 PREBLOCK_820 PREBLOCK_821 PREBLOCK_822 PREBLOCK_823 PREBLOCK_824 PREBLOCK_825 PREBLOCK_826 PREBLOCK_827 PREBLOCK_828 PREBLOCK_829 PREBLOCK_830 PREBLOCK_831 PREBLOCK_832 PREBLOCK_833 PREBLOCK_834 PREBLOCK_835 PREBLOCK_836 PREBLOCK_837 PREBLOCK_838 PREBLOCK_839 PREBLOCK_840 PREBLOCK_841 PREBLOCK_842 PREBLOCK_843 PREBLOCK_844 PREBLOCK_845 PREBLOCK_846 PREBLOCK_847 PREBLOCK_848 PREBLOCK_849 PREBLOCK_850 PREBLOCK_851 PREBLOCK_852 PREBLOCK_853 PREBLOCK_854 PREBLOCK_855 PREBLOCK_856 PREBLOCK_857 PREBLOCK_858 PREBLOCK_859 PREBLOCK_860 PREBLOCK_861 PREBLOCK_862 PREBLOCK_863 PREBLOCK_864 PREBLOCK_865 PREBLOCK_866 PREBLOCK_867 PREBLOCK_868 PREBLOCK_869 PREBLOCK_870 PREBLOCK_871 PREBLOCK_872 PREBLOCK_873 PREBLOCK_874 PREBLOCK_875 PREBLOCK_876 PREBLOCK_877 PREBLOCK_878 PREBLOCK_879 PREBLOCK_880 PREBLOCK_881 PREBLOCK_882 PREBLOCK_883 PREBLOCK_884 PREBLOCK_885 PREBLOCK_886 PREBLOCK_887 PREBLOCK_888 PREBLOCK_889 PREBLOCK_890 PREBLOCK_891 PREBLOCK_892 PREBLOCK_893 PREBLOCK_894 PREBLOCK_895 PREBLOCK_896 PREBLOCK_897 PREBLOCK_898 PREBLOCK_899 PREBLOCK_900 PREBLOCK_901 PREBLOCK_902 PREBLOCK_903 PREBLOCK_904 PREBLOCK_905 PREBLOCK_906 PREBLOCK_907 PREBLOCK_908 PREBLOCK_909 PREBLOCK_910 PREBLOCK_911 PREBLOCK_912 PREBLOCK_913 PREBLOCK_914 PREBLOCK_915 PREBLOCK_916 PREBLOCK_917 PREBLOCK_918 PREBLOCK_919 PREBLOCK_920 PREBLOCK_921 PREBLOCK_922 PREBLOCK_923 PREBLOCK_924 PREBLOCK_925 PREBLOCK_926 PREBLOCK_927 PREBLOCK_928 PREBLOCK_929 PREBLOCK_930 PREBLOCK_931 PREBLOCK_932 PREBLOCK_933 PREBLOCK_934 PREBLOCK_935 PREBLOCK_936 PREBLOCK_937 PREBLOCK_938 PREBLOCK_939 PREBLOCK_940 PREBLOCK_941 PREBLOCK_942 PREBLOCK_943 PREBLOCK_944 PREBLOCK_945 PREBLOCK_946 PREBLOCK_947 PREBLOCK_948 PREBLOCK_949 PREBLOCK_950 PREBLOCK_951 PREBLOCK_952 PREBLOCK_953 PREBLOCK_954 PREBLOCK_955 PREBLOCK_956 PREBLOCK_957 PREBLOCK_958 PREBLOCK_959 PREBLOCK_960 PREBLOCK_961 PREBLOCK_962 PREBLOCK_963 PREBLOCK_964 PREBLOCK_965 PREBLOCK_966 PREBLOCK_967 PREBLOCK_968 PREBLOCK_969 PREBLOCK_970 PREBLOCK_971 PREBLOCK_972 PREBLOCK_973 PREBLOCK_974 PREBLOCK_975 PREBLOCK_976 PREBLOCK_977 PREBLOCK_978 PREBLOCK_979 PREBLOCK_980 PREBLOCK_981 PREBLOCK_982 PREBLOCK_983 PREBLOCK_984 PREBLOCK_985 PREBLOCK_986 PREBLOCK_987 PREBLOCK_988 PREBLOCK_989 PREBLOCK_990 PREBLOCK_991 PREBLOCK_992 PREBLOCK_993 PREBLOCK_994 PREBLOCK_995 PREBLOCK_996 PREBLOCK_997 PREBLOCK_998 PREBLOCK_999 PREBLOCK_1000 PREBLOCK_1001 PREBLOCK_1002 PREBLOCK_1003 PREBLOCK_1004 PREBLOCK_1005 PREBLOCK_1006 PREBLOCK_1007 PREBLOCK_1008 PREBLOCK_1009 PREBLOCK_1010 PREBLOCK_1011 PREBLOCK_1012 PREBLOCK_1013 PREBLOCK_1014 PREBLOCK_1015 PREBLOCK_1016 PREBLOCK_1017 PREBLOCK_1018 PREBLOCK_1019 PREBLOCK_1020 PREBLOCK_1021 PREBLOCK_1022 PREBLOCK_1023 PREBLOCK_1024 PREBLOCK_1025 PREBLOCK_1026 PREBLOCK_1027 PREBLOCK_1028 PREBLOCK_1029 PREBLOCK_1030 PREBLOCK_1031 PREBLOCK_1032 PREBLOCK_1033 PREBLOCK_1034 PREBLOCK_1035 PREBLOCK_1036 PREBLOCK_1037 PREBLOCK_1038 PREBLOCK_1039 PREBLOCK_1040 PREBLOCK_1041 PREBLOCK_1042 PREBLOCK_1043 PREBLOCK_1044 PREBLOCK_1045 PREBLOCK_1046 PREBLOCK_1047 PREBLOCK_1048 PREBLOCK_1049 PREBLOCK_1050 PREBLOCK_1051 PREBLOCK_1052 PREBLOCK_1053 PREBLOCK_1054 PREBLOCK_1055 PREBLOCK_1056 PREBLOCK_1057 PREBLOCK_1058 PREBLOCK_1059 PREBLOCK_1060 PREBLOCK_1061 PREBLOCK_1062 PREBLOCK_1063 PREBLOCK_1064 PREBLOCK_1065 PREBLOCK_1066 PREBLOCK_1067 PREBLOCK_1068 PREBLOCK_1069 PREBLOCK_1070 PREBLOCK_1071 PREBLOCK_1072 PREBLOCK_1073 PREBLOCK_1074 PREBLOCK_1075 PREBLOCK_1076 PREBLOCK_1077 PREBLOCK_1078 PREBLOCK_1079 PREBLOCK_1080 PREBLOCK_1081 PREBLOCK_1082 PREBLOCK_1083 PREBLOCK_1084 PREBLOCK_1085 PREBLOCK_1086 PREBLOCK_1087 PREBLOCK_1088 PREBLOCK_1089 PREBLOCK_1090 PREBLOCK_1091 PREBLOCK_1092 PREBLOCK_1093 PREBLOCK_1094 PREBLOCK_1095 PREBLOCK_1096 PREBLOCK_1097 PREBLOCK_1098 PREBLOCK_1099 PREBLOCK_1100 PREBLOCK_1101 PREBLOCK_1102 PREBLOCK_1103 PREBLOCK_1104 PREBLOCK_1105 PREBLOCK_1106 PREBLOCK_1107 PREBLOCK_1108 PREBLOCK_1109 PREBLOCK_1110 PREBLOCK_1111 PREBLOCK_1112 PREBLOCK_1113 PREBLOCK_1114 PREBLOCK_1115 PREBLOCK_1116 PREBLOCK_1117 PREBLOCK_1118 PREBLOCK_1119 PREBLOCK_1120 PREBLOCK_1121 PREBLOCK_1122 PREBLOCK_1123 PREBLOCK_1124 PREBLOCK_1125 PREBLOCK_1126 PREBLOCK_1127 PREBLOCK_1128 PREBLOCK_1129 PREBLOCK_1130 PREBLOCK_1131 PREBLOCK_1132 PREBLOCK_1133 PREBLOCK_1134 PREBLOCK_1135 PREBLOCK_1136 PREBLOCK_1137 PREBLOCK_1138 PREBLOCK_1139 PREBLOCK_1140 PREBLOCK_1141 PREBLOCK_1142 PREBLOCK_1143 PREBLOCK_1144 PREBLOCK_1145 PREBLOCK_1146 PREBLOCK_1147 PREBLOCK_1148 PREBLOCK_1149 PREBLOCK_1150 PREBLOCK_1151 PREBLOCK_1152 PREBLOCK_1153 PREBLOCK_1154 PREBLOCK_1155 PREBLOCK_1156 PREBLOCK_1157 PREBLOCK_1158 PREBLOCK_1159 PREBLOCK_1160 PREBLOCK_1161 PREBLOCK_1162 PREBLOCK_1163 PREBLOCK_1164 PREBLOCK_1165 PREBLOCK_1166 PREBLOCK_1167 PREBLOCK_1168 PREBLOCK_1169 PREBLOCK_1170 PREBLOCK_1171 PREBLOCK_1172 PREBLOCK_1173 PREBLOCK_1174 PREBLOCK_1175 PREBLOCK_1176 PREBLOCK_1177 PREBLOCK_1178 PREBLOCK_1179 PREBLOCK_1180 PREBLOCK_1181 PREBLOCK_1182 PREBLOCK_1183 PREBLOCK_1184 PREBLOCK_1185 PREBLOCK_1186 PREBLOCK_1187 PREBLOCK_1188 PREBLOCK_1189 PREBLOCK_1190 PREBLOCK_1191 PREBLOCK_1192 PREBLOCK_1193 PREBLOCK_1194 PREBLOCK_1195 PREBLOCK_1196 PREBLOCK_1197 PREBLOCK_1198 PREBLOCK_1199 PREBLOCK_1200 PREBLOCK_1201 PREBLOCK_1202 PREBLOCK_1203 PREBLOCK_1204 PREBLOCK_1205 PREBLOCK_1206 PREBLOCK_1207 PREBLOCK_1208 PREBLOCK_1209 PREBLOCK_1210 PREBLOCK_1211 PREBLOCK_1212 PREBLOCK_1213 PREBLOCK_1214 PREBLOCK_1215 PREBLOCK_1216 PREBLOCK_1217 PREBLOCK_1218 PREBLOCK_1219 PREBLOCK_1220 PREBLOCK_1221 PREBLOCK_1222 PREBLOCK_1223 PREBLOCK_1224 PREBLOCK_1225 PREBLOCK_1226 PREBLOCK_1227 PREBLOCK_1228 PREBLOCK_1229 PREBLOCK_1230 PREBLOCK_1231 PREBLOCK_1232 PREBLOCK_1233 PREBLOCK_1234 PREBLOCK_1235 PREBLOCK_1236 PREBLOCK_1237 PREBLOCK_1238 PREBLOCK_1239 PREBLOCK_1240 PREBLOCK_1241 PREBLOCK_1242 PREBLOCK_1243 PREBLOCK_1244 PREBLOCK_1245 PREBLOCK_1246 PREBLOCK_1247 PREBLOCK_1248 PREBLOCK_1249 PREBLOCK_1250 PREBLOCK_1251 PREBLOCK_1252 PREBLOCK_1253 PREBLOCK_1254 PREBLOCK_1255 PREBLOCK_1256 PREBLOCK_1257 PREBLOCK_1258 PREBLOCK_1259 PREBLOCK_1260 PREBLOCK_1261 PREBLOCK_1262 PREBLOCK_1263 PREBLOCK_1264 PREBLOCK_1265 PREBLOCK_1266 PREBLOCK_1267 PREBLOCK_1268 PREBLOCK_1269 PREBLOCK_1270 PREBLOCK_1271 PREBLOCK_1272 PREBLOCK_1273 PREBLOCK_1274 PREBLOCK_1275 PREBLOCK_1276 PREBLOCK_1277 PREBLOCK_1278 PREBLOCK_1279 PREBLOCK_1280 PREBLOCK_1281 PREBLOCK_1282 PREBLOCK_1283 PREBLOCK_1284 PREBLOCK_1285 PREBLOCK_1286 PREBLOCK_1287 PREBLOCK_1288 PREBLOCK_1289 PREBLOCK_1290 PREBLOCK_1291 PREBLOCK_1292 PREBLOCK_1293 PREBLOCK_1294 PREBLOCK_1295 PREBLOCK_1296 PREBLOCK_1297 PREBLOCK_1298 PREBLOCK_1299 PREBLOCK_1300 PREBLOCK_1301 PREBLOCK_1302 PREBLOCK_1303 PREBLOCK_1304 PREBLOCK_1305 PREBLOCK_1306 PREBLOCK_1307 PREBLOCK_1308 PREBLOCK_1309 PREBLOCK_1310 PREBLOCK_1311 PREBLOCK_1312 PREBLOCK_1313 PREBLOCK_1314 PREBLOCK_1315 PREBLOCK_1316 PREBLOCK_1317 PREBLOCK_1318 PREBLOCK_1319 PREBLOCK_1320 PREBLOCK_1321 PREBLOCK_1322 PREBLOCK_1323 PREBLOCK_1324 PREBLOCK_1325 PREBLOCK_1326 PREBLOCK_1327 PREBLOCK_1328 PREBLOCK_1329 PREBLOCK_1330 PREBLOCK_1331 PREBLOCK_1332 PREBLOCK_1333 PREBLOCK_1334 PREBLOCK_1335 PREBLOCK_1336 PREBLOCK_1337 PREBLOCK_1338 PREBLOCK_1339 PREBLOCK_1340 PREBLOCK_1341 PREBLOCK_1342 PREBLOCK_1343 PREBLOCK_1344 PREBLOCK_1345 PREBLOCK_1346 PREBLOCK_1347 PREBLOCK_1348 PREBLOCK_1349 PREBLOCK_1350 PREBLOCK_1351 PREBLOCK_1352 PREBLOCK_1353 PREBLOCK_1354 PREBLOCK_1355 PREBLOCK_1356 PREBLOCK_1357 PREBLOCK_1358 PREBLOCK_1359 PREBLOCK_1360 PREBLOCK_1361 PREBLOCK_1362 PREBLOCK_1363 PREBLOCK_1364 PREBLOCK_1365 PREBLOCK_1366 PREBLOCK_1367 PREBLOCK_1368 PREBLOCK_1369 PREBLOCK_1370 PREBLOCK_1371 PREBLOCK_1372 PREBLOCK_1373 PREBLOCK_1374 PREBLOCK_1375 PREBLOCK_1376 PREBLOCK_1377 PREBLOCK_1378 PREBLOCK_1379 PREBLOCK_1380 PREBLOCK_1381 PREBLOCK_1382 PREBLOCK_1383 PREBLOCK_1384 PREBLOCK_1385 PREBLOCK_1386 PREBLOCK_1387 PREBLOCK_1388 PREBLOCK_1389 PREBLOCK_1390 PREBLOCK_1391 PREBLOCK_1392 PREBLOCK_1393 PREBLOCK_1394 PREBLOCK_1395 PREBLOCK_1396 PREBLOCK_1397 PREBLOCK_1398 PREBLOCK_1399 PREBLOCK_1400 PREBLOCK_1401 PREBLOCK_1402 PREBLOCK_1403 PREBLOCK_1404 PREBLOCK_1405 PREBLOCK_1406 PREBLOCK_1407 PREBLOCK_1408 PREBLOCK_1409 PREBLOCK_1410 PREBLOCK_1411 PREBLOCK_1412 PREBLOCK_1413 PREBLOCK_1414 PREBLOCK_1415 PREBLOCK_1416 PREBLOCK_1417 PREBLOCK_1418 PREBLOCK_1419 PREBLOCK_1420 PREBLOCK_1421 PREBLOCK_1422 PREBLOCK_1423 PREBLOCK_1424 PREBLOCK_1425 PREBLOCK_1426 PREBLOCK_1427 PREBLOCK_1428 PREBLOCK_1429 PREBLOCK_1430 PREBLOCK_1431 PREBLOCK_1432 PREBLOCK_1433 PREBLOCK_1434 PREBLOCK_1435 PREBLOCK_1436 PREBLOCK_1437 PREBLOCK_1438 PREBLOCK_1439 PREBLOCK_1440 PREBLOCK_1441 PREBLOCK_1442 PREBLOCK_1443 PREBLOCK_1444 PREBLOCK_1445 PREBLOCK_1446 PREBLOCK_1447 PREBLOCK_1448 PREBLOCK_1449 PREBLOCK_1450 PREBLOCK_1451 PREBLOCK_1452 PREBLOCK_1453 PREBLOCK_1454 PREBLOCK_1455 PREBLOCK_1456 PREBLOCK_1457 PREBLOCK_1458 PREBLOCK_1459 PREBLOCK_1460 PREBLOCK_1461 PREBLOCK_1462 PREBLOCK_1463 PREBLOCK_1464 PREBLOCK_1465 PREBLOCK_1466 PREBLOCK_1467 PREBLOCK_1468 PREBLOCK_1469 PREBLOCK_1470 PREBLOCK_1471 PREBLOCK_1472 PREBLOCK_1473 PREBLOCK_1474 PREBLOCK_1475 PREBLOCK_1476 PREBLOCK_1477 PREBLOCK_1478 PREBLOCK_1479 PREBLOCK_1480 PREBLOCK_1481 PREBLOCK_1482 PREBLOCK_1483 PREBLOCK_1484 PREBLOCK_1485 PREBLOCK_1486 PREBLOCK_1487 PREBLOCK_1488 PREBLOCK_1489 PREBLOCK_1490 PREBLOCK_1491 PREBLOCK_1492 PREBLOCK_1493 PREBLOCK_1494 PREBLOCK_1495 PREBLOCK_1496 PREBLOCK_1497 PREBLOCK_1498 PREBLOCK_1499 PREBLOCK_1500 PREBLOCK_1501 PREBLOCK_1502 PREBLOCK_1503 PREBLOCK_1504 PREBLOCK_1505 PREBLOCK_1506 PREBLOCK_1507 PREBLOCK_1508 PREBLOCK_1509 PREBLOCK_1510 PREBLOCK_1511 PREBLOCK_1512 PREBLOCK_1513 PREBLOCK_1514 PREBLOCK_1515 PREBLOCK_1516 PREBLOCK_1517 PREBLOCK_1518 PREBLOCK_1519 PREBLOCK_1520 PREBLOCK_1521 PREBLOCK_1522 PREBLOCK_1523 PREBLOCK_1524 PREBLOCK_1525 PREBLOCK_1526 PREBLOCK_1527 PREBLOCK_1528 PREBLOCK_1529 PREBLOCK_1530 PREBLOCK_1531 PREBLOCK_1532 PREBLOCK_1533 PREBLOCK_1534 PREBLOCK_1535 PREBLOCK_1536 PREBLOCK_1537 PREBLOCK_1538 PREBLOCK_1539 PREBLOCK_1540 PREBLOCK_1541 PREBLOCK_1542 PREBLOCK_1543 PREBLOCK_1544 PREBLOCK_1545 PREBLOCK_1546 PREBLOCK_1547 PREBLOCK_1548 PREBLOCK_1549 PREBLOCK_1550 PREBLOCK_1551 PREBLOCK_1552 PREBLOCK_1553 PREBLOCK_1554 PREBLOCK_1555 PREBLOCK_1556 PREBLOCK_1557 PREBLOCK_1558 PREBLOCK_1559 PREBLOCK_1560 PREBLOCK_1561 PREBLOCK_1562 PREBLOCK_1563 PREBLOCK_1564 PREBLOCK_1565 PREBLOCK_1566 PREBLOCK_1567 PREBLOCK_1568 PREBLOCK_1569 PREBLOCK_1570 PREBLOCK_1571 PREBLOCK_1572 PREBLOCK_1573 PREBLOCK_1574 PREBLOCK_1575 PREBLOCK_1576 PREBLOCK_1577 PREBLOCK_1578 PREBLOCK_1579 PREBLOCK_1580 PREBLOCK_1581 PREBLOCK_1582 PREBLOCK_1583 PREBLOCK_1584 PREBLOCK_1585 PREBLOCK_1586 PREBLOCK_1587 PREBLOCK_1588 PREBLOCK_1589 PREBLOCK_1590 PREBLOCK_1591 PREBLOCK_1592 PREBLOCK_1593 PREBLOCK_1594 PREBLOCK_1595 PREBLOCK_1596 PREBLOCK_1597 PREBLOCK_1598 PREBLOCK_1599 PREBLOCK_1600 PREBLOCK_1601 PREBLOCK_1602 PREBLOCK_1603 PREBLOCK_1604 PREBLOCK_1605 PREBLOCK_1606 PREBLOCK_1607 PREBLOCK_1608 PREBLOCK_1609 PREBLOCK_1610 PREBLOCK_1611 PREBLOCK_1612 PREBLOCK_1613 PREBLOCK_1614 PREBLOCK_1615 PREBLOCK_1616 PREBLOCK_1617 PREBLOCK_1618 PREBLOCK_1619 PREBLOCK_1620 PREBLOCK_1621 PREBLOCK_1622 PREBLOCK_1623 PREBLOCK_1624 PREBLOCK_1625 PREBLOCK_1626 PREBLOCK_1627 PREBLOCK_1628 PREBLOCK_1629 PREBLOCK_1630 PREBLOCK_1631 PREBLOCK_1632 PREBLOCK_1633 PREBLOCK_1634 PREBLOCK_1635 PREBLOCK_1636 PREBLOCK_1637 PREBLOCK_1638 PREBLOCK_1639 PREBLOCK_1640 PREBLOCK_1641 PREBLOCK_1642 PREBLOCK_1643 PREBLOCK_1644 PREBLOCK_1645 PREBLOCK_1646 PREBLOCK_1647 PREBLOCK_1648 PREBLOCK_1649 PREBLOCK_1650 PREBLOCK_1651 PREBLOCK_1652 PREBLOCK_1653 PREBLOCK_1654 PREBLOCK_1655 PREBLOCK_1656 PREBLOCK_1657 PREBLOCK_1658 PREBLOCK_1659 PREBLOCK_1660 PREBLOCK_1661 PREBLOCK_1662 PREBLOCK_1663 PREBLOCK_1664 PREBLOCK_1665 PREBLOCK_1666 PREBLOCK_1667 PREBLOCK_1668 PREBLOCK_1669 PREBLOCK_1670 PREBLOCK_1671 PREBLOCK_1672 PREBLOCK_1673 PREBLOCK_1674 PREBLOCK_1675 PREBLOCK_1676 PREBLOCK_1677 PREBLOCK_1678 PREBLOCK_1679 PREBLOCK_1680 PREBLOCK_1681 PREBLOCK_1682 PREBLOCK_1683 PREBLOCK_1684 PREBLOCK_1685 PREBLOCK_1686 PREBLOCK_1687 PREBLOCK_1688 PREBLOCK_1689 PREBLOCK_1690 PREBLOCK_1691 PREBLOCK_1692 PREBLOCK_1693 PREBLOCK_1694 PREBLOCK_1695 PREBLOCK_1696 PREBLOCK_1697 PREBLOCK_1698 PREBLOCK_1699 PREBLOCK_1700 PREBLOCK_1701 PREBLOCK_1702 PREBLOCK_1703 PREBLOCK_1704 PREBLOCK_1705 PREBLOCK_1706 PREBLOCK_1707 PREBLOCK_1708 PREBLOCK_1709 PREBLOCK_1710 PREBLOCK_1711 PREBLOCK_1712 PREBLOCK_1713 PREBLOCK_1714 PREBLOCK_1715 PREBLOCK_1716 PREBLOCK_1717 PREBLOCK_1718 PREBLOCK_1719 PREBLOCK_1720 PREBLOCK_1721 PREBLOCK_1722 PREBLOCK_1723 PREBLOCK_1724 PREBLOCK_1725 PREBLOCK_1726 PREBLOCK_1727 PREBLOCK_1728 PREBLOCK_1729 PREBLOCK_1730 PREBLOCK_1731 PREBLOCK_1732 PREBLOCK_1733 PREBLOCK_1734 PREBLOCK_1735 PREBLOCK_1736 PREBLOCK_1737 PREBLOCK_1738 PREBLOCK_1739 PREBLOCK_1740 PREBLOCK_1741 PREBLOCK_1742 PREBLOCK_1743 PREBLOCK_1744 PREBLOCK_1745 PREBLOCK_1746 PREBLOCK_1747 PREBLOCK_1748 PREBLOCK_1749 PREBLOCK_1750 PREBLOCK_1751 PREBLOCK_1752 PREBLOCK_1753 PREBLOCK_1754 PREBLOCK_1755 PREBLOCK_1756 PREBLOCK_1757 PREBLOCK_1758 PREBLOCK_1759 PREBLOCK_1760 PREBLOCK_1761 PREBLOCK_1762 PREBLOCK_1763 PREBLOCK_1764 PREBLOCK_1765 PREBLOCK_1766 PREBLOCK_1767 PREBLOCK_1768 PREBLOCK_1769 PREBLOCK_1770 PREBLOCK_1771 PREBLOCK_1772 PREBLOCK_1773 PREBLOCK_1774 PREBLOCK_1775 PREBLOCK_1776 PREBLOCK_1777 PREBLOCK_1778 PREBLOCK_1779 PREBLOCK_1780 PREBLOCK_1781 PREBLOCK_1782 PREBLOCK_1783 PREBLOCK_1784 PREBLOCK_1785 PREBLOCK_1786 PREBLOCK_1787 PREBLOCK_1788 PREBLOCK_1789 PREBLOCK_1790 PREBLOCK_1791 PREBLOCK_1792 PREBLOCK_1793 PREBLOCK_1794 PREBLOCK_1795 PREBLOCK_1796 PREBLOCK_1797 PREBLOCK_1798 PREBLOCK_1799 PREBLOCK_1800 PREBLOCK_1801 PREBLOCK_1802 PREBLOCK_1803 PREBLOCK_1804 PREBLOCK_1805 PREBLOCK_1806 PREBLOCK_1807 PREBLOCK_1808 PREBLOCK_1809 PREBLOCK_1810 PREBLOCK_1811 PREBLOCK_1812 PREBLOCK_1813 PREBLOCK_1814 PREBLOCK_1815 PREBLOCK_1816 PREBLOCK_1817 PREBLOCK_1818 PREBLOCK_1819 PREBLOCK_1820 PREBLOCK_1821 PREBLOCK_1822 PREBLOCK_1823 PREBLOCK_1824 PREBLOCK_1825 PREBLOCK_1826 PREBLOCK_1827 PREBLOCK_1828 PREBLOCK_1829 PREBLOCK_1830 PREBLOCK_1831 PREBLOCK_1832 PREBLOCK_1833 PREBLOCK_1834 PREBLOCK_1835 PREBLOCK_1836 PREBLOCK_1837 PREBLOCK_1838 PREBLOCK_1839 PREBLOCK_1840 PREBLOCK_1841 PREBLOCK_1842 PREBLOCK_1843 PREBLOCK_1844 PREBLOCK_1845 PREBLOCK_1846 PREBLOCK_1847 PREBLOCK_1848 PREBLOCK_1849 PREBLOCK_1850 PREBLOCK_1851 PREBLOCK_1852 PREBLOCK_1853 PREBLOCK_1854 PREBLOCK_1855 PREBLOCK_1856 PREBLOCK_1857 PREBLOCK_1858 PREBLOCK_1859 PREBLOCK_1860 PREBLOCK_1861 PREBLOCK_1862 PREBLOCK_1863 PREBLOCK_1864 PREBLOCK_1865 PREBLOCK_1866 PREBLOCK_1867 PREBLOCK_1868 PREBLOCK_1869 PREBLOCK_1870 PREBLOCK_1871 PREBLOCK_1872 PREBLOCK_1873 PREBLOCK_1874 PREBLOCK_1875 PREBLOCK_1876 PREBLOCK_1877 PREBLOCK_1878 PREBLOCK_1879 PREBLOCK_1880 PREBLOCK_1881 PREBLOCK_1882 PREBLOCK_1883 PREBLOCK_1884 PREBLOCK_1885 PREBLOCK_1886 PREBLOCK_1887 PREBLOCK_1888 PREBLOCK_1889 PREBLOCK_1890 PREBLOCK_1891 PREBLOCK_1892 PREBLOCK_1893 PREBLOCK_1894 PREBLOCK_1895 PREBLOCK_1896 PREBLOCK_1897 PREBLOCK_1898 PREBLOCK_1899 PREBLOCK_1900 PREBLOCK_1901 PREBLOCK_1902 PREBLOCK_1903 PREBLOCK_1904 PREBLOCK_1905 PREBLOCK_1906 PREBLOCK_1907 PREBLOCK_1908 PREBLOCK_1909 PREBLOCK_1910 PREBLOCK_1911 PREBLOCK_1912 PREBLOCK_1913 PREBLOCK_1914 PREBLOCK_1915 PREBLOCK_1916 PREBLOCK_1917 PREBLOCK_1918 PREBLOCK_1919 PREBLOCK_1920 PREBLOCK_1921 PREBLOCK_1922 PREBLOCK_1923 PREBLOCK_1924 PREBLOCK_1925 PREBLOCK_1926 PREBLOCK_1927 PREBLOCK_1928 PREBLOCK_1929 PREBLOCK_1930 PREBLOCK_1931 PREBLOCK_1932 PREBLOCK_1933 PREBLOCK_1934 PREBLOCK_1935 PREBLOCK_1936 PREBLOCK_1937 PREBLOCK_1938 PREBLOCK_1939 PREBLOCK_1940 PREBLOCK_1941 PREBLOCK_1942 PREBLOCK_1943 PREBLOCK_1944 PREBLOCK_1945 PREBLOCK_1946 PREBLOCK_1947 PREBLOCK_1948 PREBLOCK_1949 PREBLOCK_1950 PREBLOCK_1951 PREBLOCK_1952 PREBLOCK_1953 PREBLOCK_1954 PREBLOCK_1955 PREBLOCK_1956 PREBLOCK_1957 PREBLOCK_1958 PREBLOCK_1959 PREBLOCK_1960 PREBLOCK_1961 PREBLOCK_1962 PREBLOCK_1963 PREBLOCK_1964 PREBLOCK_1965 PREBLOCK_1966 PREBLOCK_1967 PREBLOCK_1968 PREBLOCK_1969 PREBLOCK_1970 PREBLOCK_1971 PREBLOCK_1972 PREBLOCK_1973 PREBLOCK_1974 PREBLOCK_1975 PREBLOCK_1976 PREBLOCK_1977 PREBLOCK_1978 PREBLOCK_1979 PREBLOCK_1980 PREBLOCK_1981 PREBLOCK_1982 PREBLOCK_1983 PREBLOCK_1984 PREBLOCK_1985 PREBLOCK_1986 PREBLOCK_1987 PREBLOCK_1988 PREBLOCK_1989 PREBLOCK_1990 PREBLOCK_1991 PREBLOCK_1992 PREBLOCK_1993 PREBLOCK_1994 PREBLOCK_1995 PREBLOCK_1996 PREBLOCK_1997 PREBLOCK_1998 PREBLOCK_1999 PREBLOCK_2000 PREBLOCK_2001 PREBLOCK_2002 PREBLOCK_2003 PREBLOCK_2004 PREBLOCK_2005 PREBLOCK_2006 PREBLOCK_2007 PREBLOCK_2008 PREBLOCK_2009 PREBLOCK_2010 PREBLOCK_2011 PREBLOCK_2012 PREBLOCK_2013 PREBLOCK_2014 PREBLOCK_2015 PREBLOCK_2016 PREBLOCK_2017 PREBLOCK_2018 PREBLOCK_2019 PREBLOCK_2020 PREBLOCK_2021 PREBLOCK_2022 PREBLOCK_2023 PREBLOCK_2024 PREBLOCK_2025 PREBLOCK_2026 PREBLOCK_2027 PREBLOCK_2028 PREBLOCK_2029 PREBLOCK_2030 PREBLOCK_2031 PREBLOCK_2032 PREBLOCK_2033 PREBLOCK_2034 PREBLOCK_2035 PREBLOCK_2036 PREBLOCK_2037 PREBLOCK_2038 PREBLOCK_2039 PREBLOCK_2040 PREBLOCK_2041 PREBLOCK_2042 PREBLOCK_2043 PREBLOCK_2044 PREBLOCK_2045 PREBLOCK_2046 PREBLOCK_2047 PREBLOCK_2048 PREBLOCK_2049 PREBLOCK_2050 PREBLOCK_2051 PREBLOCK_2052 PREBLOCK_2053 PREBLOCK_2054 PREBLOCK_2055 PREBLOCK_2056 PREBLOCK_2057 PREBLOCK_2058 PREBLOCK_2059 PREBLOCK_2060 PREBLOCK_2061 PREBLOCK_2062 PREBLOCK_2063 PREBLOCK_2064 PREBLOCK_2065 PREBLOCK_2066 PREBLOCK_2067 PREBLOCK_2068 PREBLOCK_2069 PREBLOCK_2070 PREBLOCK_2071 PREBLOCK_2072 PREBLOCK_2073 PREBLOCK_2074 PREBLOCK_2075 PREBLOCK_2076 PREBLOCK_2077 PREBLOCK_2078 PREBLOCK_2079 PREBLOCK_2080 PREBLOCK_2081 PREBLOCK_2082 PREBLOCK_2083 PREBLOCK_2084 PREBLOCK_2085 PREBLOCK_2086 PREBLOCK_2087 PREBLOCK_2088 PREBLOCK_2089 PREBLOCK_2090 PREBLOCK_2091 PREBLOCK_2092 PREBLOCK_2093 PREBLOCK_2094 PREBLOCK_2095 PREBLOCK_2096 PREBLOCK_2097 PREBLOCK_2098 PREBLOCK_2099 PREBLOCK_2100 PREBLOCK_2101 PREBLOCK_2102 PREBLOCK_2103 PREBLOCK_2104 PREBLOCK_2105 PREBLOCK_2106 PREBLOCK_2107 PREBLOCK_2108 PREBLOCK_2109 PREBLOCK_2110 PREBLOCK_2111 PREBLOCK_2112 PREBLOCK_2113 PREBLOCK_2114 PREBLOCK_2115 PREBLOCK_2116 PREBLOCK_2117 PREBLOCK_2118 PREBLOCK_2119 PREBLOCK_2120 PREBLOCK_2121 PREBLOCK_2122 PREBLOCK_2123 PREBLOCK_2124 PREBLOCK_2125 PREBLOCK_2126 PREBLOCK_2127 PREBLOCK_2128 PREBLOCK_2129 PREBLOCK_2130 PREBLOCK_2131 PREBLOCK_2132 PREBLOCK_2133 PREBLOCK_2134 PREBLOCK_2135 PREBLOCK_2136 PREBLOCK_2137 PREBLOCK_2138 PREBLOCK_2139 PREBLOCK_2140 PREBLOCK_2141 PREBLOCK_2142 PREBLOCK_2143 PREBLOCK_2144 PREBLOCK_2145 PREBLOCK_2146 PREBLOCK_2147 PREBLOCK_2148 PREBLOCK_2149 PREBLOCK_2150 PREBLOCK_2151 PREBLOCK_2152 PREBLOCK_2153 PREBLOCK_2154 PREBLOCK_2155 PREBLOCK_2156 PREBLOCK_2157 PREBLOCK_2158 PREBLOCK_2159 PREBLOCK_2160 PREBLOCK_2161 PREBLOCK_2162 PREBLOCK_2163 PREBLOCK_2164 PREBLOCK_2165 PREBLOCK_2166 PREBLOCK_2167 PREBLOCK_2168 PREBLOCK_2169 PREBLOCK_2170 PREBLOCK_2171 PREBLOCK_2172 PREBLOCK_2173 PREBLOCK_2174 PREBLOCK_2175 PREBLOCK_2176 PREBLOCK_2177 PREBLOCK_2178 PREBLOCK_2179 PREBLOCK_2180 PREBLOCK_2181 PREBLOCK_2182 PREBLOCK_2183 PREBLOCK_2184 PREBLOCK_2185 PREBLOCK_2186 PREBLOCK_2187 PREBLOCK_2188 PREBLOCK_2189 PREBLOCK_2190 PREBLOCK_2191 PREBLOCK_2192 PREBLOCK_2193 PREBLOCK_2194 PREBLOCK_2195 PREBLOCK_2196 PREBLOCK_2197 PREBLOCK_2198 PREBLOCK_2199 PREBLOCK_2200 PREBLOCK_2201 PREBLOCK_2202 PREBLOCK_2203 PREBLOCK_2204 PREBLOCK_2205 PREBLOCK_2206 PREBLOCK_2207 PREBLOCK_2208 PREBLOCK_2209 PREBLOCK_2210 PREBLOCK_2211 PREBLOCK_2212 PREBLOCK_2213 PREBLOCK_2214 PREBLOCK_2215 PREBLOCK_2216 PREBLOCK_2217 PREBLOCK_2218 PREBLOCK_2219 PREBLOCK_2220 PREBLOCK_2221 PREBLOCK_2222 PREBLOCK_2223 PREBLOCK_2224 PREBLOCK_2225 PREBLOCK_2226 PREBLOCK_2227 PREBLOCK_2228 PREBLOCK_2229 PREBLOCK_2230 PREBLOCK_2231 PREBLOCK_2232 PREBLOCK_2233 PREBLOCK_2234 PREBLOCK_2235 PREBLOCK_2236 PREBLOCK_2237 PREBLOCK_2238 PREBLOCK_2239 PREBLOCK_2240 PREBLOCK_2241 PREBLOCK_2242 PREBLOCK_2243 PREBLOCK_2244 PREBLOCK_2245 PREBLOCK_2246 PREBLOCK_2247 PREBLOCK_2248 PREBLOCK_2249 PREBLOCK_2250 PREBLOCK_2251 PREBLOCK_2252 PREBLOCK_2253 PREBLOCK_2254 PREBLOCK_2255 PREBLOCK_2256 PREBLOCK_2257 PREBLOCK_2258 PREBLOCK_2259 PREBLOCK_2260 PREBLOCK_2261 PREBLOCK_2262 PREBLOCK_2263 PREBLOCK_2264 PREBLOCK_2265 PREBLOCK_2266 PREBLOCK_2267 PREBLOCK_2268 PREBLOCK_2269 PREBLOCK_2270 PREBLOCK_2271 PREBLOCK_2272 PREBLOCK_2273 PREBLOCK_2274 PREBLOCK_2275 PREBLOCK_2276 PREBLOCK_2277 PREBLOCK_2278 PREBLOCK_2279 PREBLOCK_2280 PREBLOCK_2281 PREBLOCK_2282 PREBLOCK_2283 PREBLOCK_2284 PREBLOCK_2285 PREBLOCK_2286 PREBLOCK

Manuscript, 2002. ~~(1)~~ ~~The~~ ~~proceedings~~ of books, 8, 1996, 1997. (1) The book is based on the fact that the book is not a complete, complete, and complete, and that the book is not a complete, complete, and complete, and that the book is not a complete, complete, and complete, and that the book is not a complete, complete, and complete, and that the book is not a complete, complete, and complete, and that the book is not a complete, complete, and complete, and that the book is not a complete, complete, and complete, and that the book is not a complete, complete, and complete, and that the book is not a complete

the course comprises by request of the medical, Technical Committee, within the Family Association or as return to the Bureau of the Census, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association

L.C. (proposed) as relevant, a medical, technical, and public health program, which is not required to be shown also noted the family assessment of those and the family of the and certain partners (see Exhibit 1A) and the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association, the National and Local Board of the Association

The following table provides the information in English:

and such means (such as the name of a person and a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is a person who is

When true be interpreted, before BPD 2017-2018, the word 'Narcissus' (Not 'Narcissus') in both Furets' liability risk; (2) classification of each Furets' portfolio holdings into one of four liquidity categories (Highly Liquid, Moderately Liquid, Less Liquid, and Biquid); (3) for Funds that do not

the investment.

## Ex-99.Cert

I, Matthew T. Hinkle, certify that:

1. &nbsp;&nbsp;&nbsp;&nbsp; I have reviewed this report on Form N-CSR of **Franklin Fund Allocator Series**;

2. &nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. &nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. &nbsp;&nbsp;&nbsp;&nbsp; The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. &nbsp;&nbsp;&nbsp;&nbsp; The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

3/30/2023

S\MATTHEW T. HINKLE

Matthew T. Hinkle

Chief Executive Officer - Finance and Administration

I, Christopher Kings, certify that:

1. &nbsp;&nbsp;&nbsp;&nbsp; I have reviewed this report on Form N-CSR of **Franklin Fund Allocator Series**;

2. &nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. &nbsp;&nbsp;&nbsp;&nbsp; Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. &nbsp;&nbsp;&nbsp;&nbsp; The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. &nbsp;&nbsp;&nbsp;&nbsp; The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

3/30/2023

S\CHRISTOPHER KINGS

Christopher Kings

Chief Financial Officer, Chief Accounting Officer and Treasurer

## Exhibit 99.906

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

**AS ADOPTED PURSUANT TO SECTION 906**

# OF THE SARBANES-OXLEY ACT OF 2002
I, Matthew T. Hinkle, Chief Executive Officer of the **Franklin Fund Allocator Series** (the "Registrant"), certify, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The periodic report on Form N-CSR of the Registrant for the period ended 7/31/2022 (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Dated: 9/27/2022

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; S\MATTHEW T. HINKLE

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Matthew T. Hinkle

Chief Executive Officer - Finance and Administration

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350

**AS ADOPTED PURSUANT TO SECTION 906**

I, Christopher Kings, Chief Financial Officer of the **Franklin Fund Allocator Series** (the "Registrant"), certify, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The periodic report on Form N-CSR of the Registrant for the period ended 7/31/2022 (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

Dated: 9/27/2022

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; S\CHRISTOPHER KINGS

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Christopher Kings

Chief Financial Officer, Chief Accounting Officer and Treasurer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

## Ex-99.Code

Code of Ethics for Principal Executives & Senior Financial Officers

---

| | |
|:---|:---|
| <br>**Procedures** | <br> Revised December 19, 2014 |

---

# FRANKLIN TEMPLETON FUNDS
**CODE OF ETHICS FOR PRINCIPAL EXECUTIVES AND SENIOR FINANCIAL OFFICERS**

I. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Covered Officers and Purpose of the Code

This code of ethics (the "Code") applies to the Principal Executive Officers, Principal Financial Officer and Principal Accounting Officer (the "Covered Officers," each of whom is set forth in Exhibit A) of each investment company advised by a Franklin Resources subsidiary and that is registered with the United States Securities & Exchange Commission ("SEC") (collectively, "FT Funds") for the purpose of promoting:

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Honest and ethical conduct, including the ethical resolution of actual or apparent conflicts of interest between personal and professional relationships;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Full, fair, accurate, timely and understandable disclosure in reports and documents that a registrant files with, or submits to, the SEC and in other public communications made by or on behalf of the FT Funds;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Compliance with applicable laws and governmental rules and regulations;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The prompt internal reporting of violations of the Code to an appropriate person or persons identified in the Code; and

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accountability for adherence to the Code.

Each Covered Officer will be expected to adhere to a high standard of business ethics and must be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

 *\** 

Rule 38a-1 under the Investment Company Act of 1940 ("1940 Act") and Rule 206(4)-7 under the Investment Advisers Act of 1940 ("Advisers Act") (together the "Compliance Rule") require registered investment companies and registered investment advisers to, among other things, adopt and implement written policies and procedures reasonably designed to prevent violations of the federal securities laws ("Compliance Rule Policies and Procedures").

CONFIDENTIAL INFORMATION. This document is the proprietary product of Franklin Templeton Investments. It may NOT be distributed outside the company unless it is made subject to a non-disclosure agreement and/or such release receives authorization by an FTI Chief Compliance Officer. Any unauthorized use, reproduction or transfer of this document is strictly prohibited. Franklin Templeton Investments© 2014. All Rights Reserved.

II. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Policies and Procedures

This Code shall be the sole code of ethics adopted by the Funds for purposes of Section 406 of the Sarbanes-Oxley Act and the rules and forms applicable to registered investment companies thereunder.

Franklin Resources, Inc. has separately adopted the <u>Code of Ethics and Business</u> <u>Conduct</u> ("Business Conduct"), which is applicable to all officers, directors and employees of Franklin Resources, Inc., including Covered Officers. It summarizes the values, principles and business practices that guide the employee's business conduct and also provides a set of basic principles to guide officers, directors and employees regarding the minimum ethical requirements expected of them. It supplements the values, principles and business conduct identified in the Code and other existing employee policies.

Additionally, the Franklin Templeton Funds have separately adopted the <u>FTI Personal</u> <u>Investments and Insider Trading Policy</u> governing personal securities trading and other related matters. The Code for Insider Trading provides for separate requirements that apply to the Covered Officers and others, and therefore is not part of this Code.

Insofar as other policies or procedures of Franklin Resources, Inc., the Funds, the Funds' adviser, principal underwriter, or other service providers govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code, they are superceded by this Code to the extent that they overlap or conflict with the provisions of this Code. Please review these other documents or consult with the Legal Department if have questions regarding the applicability of these policies to you.

III. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest

**Overview.** A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or his or her service to, the FT Funds. For example, a conflict of interest would arise if a Covered Officer, or a member of his family, receives improper personal benefits as a result of apposition with the FT Funds.

Certain conflicts of interest arise out of the relationships between Covered Officers and the FT Funds and already are subject to conflict of interest provisions in the Investment Company Act of 1940 ("Investment Company Act") and the Investment Advisers Act of 1940 ("Investment Advisers Act"). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the FT Funds because of their status as "affiliated persons" of the FT Funds. The FT Funds' and the investment advisers' compliance programs and procedures are designed to prevent, or identify and correct, violations of these provisions. This Code does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts fall outside of the parameters of this Code.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between the FT Funds, the investment advisers and the fund administrator of which the Covered Officers are also officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the FT Funds, for the adviser, the administrator, or

## 2
for all three), be involved in establishing policies and implementing decisions that will have different effects on the adviser, administrator and the FT Funds. The participation of the Covered Officers in such activities is inherent in the contractual relationship between the FT Funds, the adviser, and the administrator and is consistent with the performance by the Covered Officers of their duties as officers of the FT Funds. Thus, if performed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, such activities will be deemed to have been handled ethically. In addition, it is recognized by the FT Funds' Boards of Directors ("Boards") that the Covered Officers may also be officers or employees of one or more other investment companies covered by this or other codes.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the Investment Company Act and the Investment Advisers Act. The following list provides examples of conflicts of interest under the Code, but Covered Officers should keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of the FT Funds.

Each Covered Officer must:

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not use his or her personal influence or personal relationships improperly to influence investment decisions or financial reporting by the FT Funds whereby the Covered Officer would benefit personally to the detriment of the FT Funds;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not cause the FT Funds to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than the benefit the FT Funds;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not retaliate against any other Covered Officer or any employee of the FT Funds or their affiliated persons for reports of potential violations that are made in good faith;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Report at least annually the following affiliations or other relationships:[<sup>1</sup>](#_bookmark0)

o

all directorships for public companies and all companies that are required to file reports with the SEC;

o

any direct or indirect business relationship with any independent directors of the FT Funds;

o

any direct or indirect business relationship with any independent public accounting firm (which are not related to the routine issues related to the firm's service as the Covered Persons accountant); and

o

any direct or indirect interest in any transaction with any FT Fund that will benefit the officer (not including benefits derived from the advisory, sub-advisory, distribution or service agreements with affiliates of Franklin Resources).

These reports will be reviewed by the Legal Department for compliance with the Code.

There are some conflict of interest situations that should always be approved in writing by Franklin Resources General Counsel or Deputy General Counsel, if material. Examples of these include[<sup>2</sup>](#_bookmark1):

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service as a director on the board of any public or private Company.

<sup>1</sup> Reporting of these affiliations or other relationships shall be made by completing the annual Directors and Officers Questionnaire and returning the questionnaire to Franklin Resources Inc, General Counsel or Deputy General Counsel.

<sup>2&nbsp;&nbsp;&nbsp;&nbsp;</sup> Any activity or relationship that would present a conflict for a Covered Officer may also present a conflict for the Covered Officer

if a member of the Covered Officer's immediate family engages in such an activity or has such a relationship. The Cover Person should also obtain written approval by FT's General Counsel in such situations.

## 3
· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The receipt of any gifts in excess of $100 from any person, from any corporation or association.

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The receipt of any entertainment from any Company with which the FT Funds has current or prospective business dealings unless such entertainment is business related, reasonable in cost, appropriate as to time and place, and not so frequent as to raise any question of impropriety. Notwithstanding the foregoing, the Covered Officers must obtain prior approval from the Franklin Resources General Counsel for any entertainment with a value in excess of $1000.

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any ownership interest in, or any consulting or employment relationship with, any of the FT Fund's service providers, other than an investment adviser, principal underwriter, administrator or any affiliated person thereof.

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A direct or indirect financial interest in commissions, transaction charges or spreads paid by the FT Funds for effecting portfolio transactions or for selling or redeeming shares other than an interest arising from the Covered Officer's employment, such as compensation or equity ownership.

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Resources General Counsel or Deputy General Counsel will provide a report to the FT Funds Audit Committee of any approvals granted at the next regularly scheduled meeting.

IV. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disclosure and Compliance

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Covered Officer should familiarize himself with the disclosure requirements generally applicable to the FT Funds;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts about the FT Funds to others, whether within or outside the FT Funds, including to the FT Funds' directors and auditors, and to governmental regulators and self-regulatory organizations;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each Covered Officer should, to the extent appropriate within his or her area of responsibility, consult with other officers and employees of the FT Funds, the FT Fund's adviser and the administrator with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the FT Funds file with, or submit to, the SEC and in other public communications made by the FT Funds; and

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; It is the responsibility of each Covered Officer to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

V. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reporting and Accountability

Each Covered Officer must:

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Upon becoming a covered officer affirm in writing to the Board that he or she has received, read, and understands the Code (see Exhibit B);

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Annually thereafter affirm to the Board that he has complied with the requirements of the Code; and

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notify Franklin Resources' General Counsel or Deputy General Counsel promptly if he or she knows of any violation of this Code. Failure to do so is itself is a violation of this

## 4
Code.

Franklin Resources' General Counsel and Deputy General Counsel are responsible for applying this Code to specific situations in which questions are presented under it and have the authority to interpret this Code in any particular situation.[<sup>3</sup>](#_bookmark2) However, the Independent Directors of the respective FT Funds will consider any approvals or waivers[<sup>4</sup>](#_bookmark3) sought by any Chief Executive Officers of the Funds.

The FT Funds will follow these procedures in investigating and enforcing this Code:

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Franklin Resources General Counsel or Deputy General Counsel will take all appropriate action to investigate any potential violations reported to the Legal Department;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If, after such investigation, the General Counsel or Deputy General Counsel believes that no violation has occurred, The General Counsel is not required to take any further action;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any matter that the General Counsel or Deputy General Counsel believes is a violation will be reported to the Independent Directors of the appropriate FT Fund;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; If the Independent Directors concur that a violation has occurred, it will inform and make a recommendation to the Board of the appropriate FT Fund or Funds, which will consider appropriate action, which may include review of, and appropriate modifications to, applicable policies and procedures; notification to appropriate personnel of the investment adviser or its board; or a recommendation to dismiss the Covered Officer;

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Independent Directors will be responsible for granting waivers, as appropriate; and

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any changes to or waivers of this Code will, to the extent required, are disclosed as provided by SEC rules.[<sup>5</sup>](#_bookmark4)

VI. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Policies and Procedures

This Code shall be the sole code of ethics adopted by the FT Funds for purposes of Section 406 of the Sarbanes-Oxley Act and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the FT Funds, the FT Funds' advisers, principal underwriter, or other service providers govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code, they are superseded by this Code to the extent that they overlap or conflict with the provisions of this Code. The FTI Personal Investments and Insider Trading Policy, adopted by the FT Funds, FT investment advisers and FT Fund's principal underwriter pursuant to Rule 17j-1 under the Investment Company Act, the Code of Ethics and Business Conduct and more detailed policies and procedures set forth in FT's Employee Handbook are separate requirements applying to the Covered Officers and others, and are not part of this Code.

<sup>3</sup> Franklin Resources General Counsel and Deputy General Counsel are authorized to consult, as appropriate, with members of the Audit Committee, counsel to the FT Funds and counsel to the Independent Directors, and are encouraged to do so.

<sup>4</sup> Item 2 of Form N-CSR defines "waiver" as "the approval by the registrant of a material departure from a provision of the code of

ethics" and "implicit waiver," which must also be disclosed, as "the registrant's failure to take action within a reasonable period of time regarding a material departure from a provision of the code of ethics that has been made known to an executive officer" of the registrant. See Part X.

See Part X.

VII. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amendments

Any amendments to this Code, other than amendments to Exhibit A, must be approved or ratified by a majority vote of the FT Funds' Board including a majority of independent directors.

VIII. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Confidentiality

All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the FT Funds' Board and their counsel.

IX. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Internal Use

The Code is intended solely for the internal use by the FT Funds and does not constitute an admission, by or on behalf of any FT Funds, as to any fact, circumstance, or legal conclusion.

X. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disclosure on Form N-CSR

Item 2 of Form N-CSR requires a registered management investment company to disclose annually whether, as of the end of the period covered by the report, it has adopted a code of ethics that applies to the registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these officers are employed by the registrant or a third party. If the registrant has not adopted such a code of ethics, it must explain why it has not done so.

The registrant must also: (1) file with the SEC a copy of the code as an exhibit to its annual report; (2) post the text of the code on its Internet website and disclose, in its most recent report on Form N-CSR, its Internet address and the fact that it has posted the code on its Internet website; or (3) undertake in its most recent report on Form N-CSR to provide to any person without charge, upon request, a copy of the code and explain the manner in which such request may be made. Disclosure is also required of amendments to, or waivers (including implicit waivers) from, a provision of the code in the registrant's annual report on Form N-CSR or on its website. If the registrant intends to satisfy the requirement to disclose amendments and waivers by posting such information on its website, it will be required to disclose its Internet address and this intention.

The Legal Department shall be responsible for ensuring that:

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a copy of the Code is filed with the SEC as an exhibit to each Fund's annual report; and

· &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; any amendments to, or waivers (including implicit waivers) from, a provision of the Code is disclosed in the registrant's annual report on Form N-CSR.

In the event that the foregoing disclosure is omitted or is determined to be incorrect, the Legal Department shall promptly file such information with the SEC as an amendment to Form N-CSR.

In such an event, the Fund Chief Compliance Officer shall review the Code and propose such changes to the Code as are necessary or appropriate to prevent reoccurrences.

# EXHIBIT A
Persons Covered by the Franklin Templeton Funds Code of Ethics

January 1, 2022

# FRANKLIN GROUP OF FUNDS
Edward Perks&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President and Chief Executive Officer – Investment Management

Rupert H. Johnson, Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chairman of the Board and Vice President

Michael McCarthy&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President and Chief Executive Officer – Investment Management

Sonal Desai, Ph D&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President and Chief Executive Officer – Investment Management

Matthew Hinkle&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer – Finance and Administration

Christopher Kings&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer and Chief Accounting Officer and Treasurer

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# FRANKLIN MUTUAL SERIES FUNDS
Christian K. Correa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer – Investment Management

Matthew Hinkle&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer – Finance and Administration

Christopher Kings&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer and Chief Accounting Officer and Treasurer

# FRANKLIN ALTERNATIVE STRATEGIES FUNDS
Brooks Ritchey&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President and Chief Executive Officer – Investment Management

Matthew Hinkle&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer – Finance and Administration

Christopher Kings&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer, Chief Accounting Officer and Treasurer

# TEMPLETON GROUP OF FUNDS
Rupert H. Johnson Jr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chairman of the Board and Vice President

Manraj S. Sekhon&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President and Chief Executive Officer – Investment Management

Michael Hasenstab, Ph.D. &nbsp;&nbsp;&nbsp;&nbsp; President and Chief Executive Officer – Investment Management

Alan Bartlett&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; President and Chief Executive Officer – Investment Management

Matthew Hinkle&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer – Finance and Administration

Christopher Kings&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer, Chief Accounting Officer and Treasurer

# Exhibit B ACKNOWLEDGMENT FORM

### Franklin Templeton Funds Code of Ethics
**For Principal Executives and Senior Financial Officers**

### Instructions:
1. &nbsp;&nbsp;&nbsp;&nbsp; Complete all sections of this form.

2. &nbsp;&nbsp;&nbsp;&nbsp; Print the completed form, sign, and date.

3. &nbsp;&nbsp;&nbsp;&nbsp; Submit completed form to FT's General Counsel c/o Code of Ethics Administration within 10 days of becoming a Covered Officer and by February 15th of each subsequent year.

**E-mail:&nbsp;&nbsp;&nbsp;&nbsp;** Code of Ethics Inquiries & Requests (internal address); lpreclear@franklintempleton.com (external address)

---

| |
|:---|
| **Covered Officer's Name:** |
| **Title:** |
| **Department:** |
| **Location:** |
| **Certification for Year Ending:** |

---

***To: Franklin Resources General Counsel, Legal Department***

 ****

I acknowledge receiving, reading and understanding the Franklin Templeton Fund's Code of Ethics for Principal Executive Officers and Senior Financial Officers (the "Code"). I will comply fully with all provisions of the Code to the extent they apply to me during the period of my employment. I further understand and acknowledge that any violation of the Code may subject me to disciplinary action, including termination of employment.

---

| | |
|:---|:---|
| &nbsp;&nbsp; ***Signature*** | &nbsp;&nbsp; ***Date signed*** |

---