Topics for Discussion
     Why Franklin Bissett Canadian Equity Fund?                                    3
     A Legacy of Expertise in the Canadian Capital Markets                         4
     Franklin Bissett Equity Investment Team                                       5
     Investment Approach
     A Distinctive Approach to the Growth at a Reasonable Price (GARP) Style       7
     Investment Process                                                            8
     Absolute, Relative and Risk-Adjusted Return Objectives                        9
     Strategy Overview                                                            10
     Risk Is a Key Aspect of our Performance Objectives                           11
     ESG Approach                                                                 12
     Positioning
     Key Facts                                                                    14
     Diversification Across a Range of Established Canadian Companies             15
     A Closer Look at the Big Four Sectors                                        16
     Balancing Concentration with Diversification                                 17
     Case Study: Underappreciated Portfolio of High Quality Defensive Assets      18
     Performance
     Performance Statistics                                                       20
     Our Current Outlook                                                          21
     Franklin Bissett’s Value Proposition                                         22
                                                                                                                               2
       Why Franklin Bissett 
       Canadian Dividend Fund?
                                                 Consistency in Execution 
                                                 • Investment and organization consistency for over 30 years
                                                 • Effective investment and risk management at every stage
                                                 Access to a Deep Bench of Investment Professionals
                                                 •                                                  1
                                                     Premier 20+ member  team performs on-the-ground research  
                                                 • Dedicated to the Canadian market and supporting investment 
                                                     advisors
                                                 Investment Style Purity
                                                 • Focuses on established Canadian companies with growing 
                                                     dividends
                                                 • Fundamental equity analysis drives investment decisions
       1. Portfolio managers, research analysts and traders from the equity team and the fixed income team.                                                                                 3
    Franklin Bissett Investment Management
    A Legacy of Expertise in the Canadian Capital Markets
    • Founded in 1982 and joined Franklin Templeton Investments in 2000
    • CAD$18.98 billion in assets under management as of September 30, 2018
      – Equity strategies: CAD$12.97 billion
      – Fixed Income strategies: CAD$6.01 billion
                   Institutional                                        Retail
                Traditional Institutional                          Open-End Mutual Funds
                    (Pensions)
                                            Investment 
                 Insurance Platforms         Categories                SMA/UMA
                                           Fundamental Equity
                    White Label                                    Exchange-Traded Funds
                                         Active Quantitative Equity
                   Sub-Advisory                                       High Net Worth
                                            Systematic Beta
                                             Fixed Income
                                              Multi-Asset
                                                                                                4
      Franklin Bissett Equity Investment Team
                   Franklin Bissett Canadian Dividend Fund Portfolio Managers
                        Les Stelmach                                       Ryan Crowther                           “Our investors benefit from a 
           Senior Vice President, Portfolio Manager               Vice President, Portfolio Manager                time-tested investment process 
                                               Investment Team                                                     predicated on extensive 
                        Garey Aitken                                       Tim Caulfield                           fundamental research and 
                   Chief Investment Officer                  Vice President, Director of Equity Research           valuation work.”
                                                                                         Les Stelmach                                 —Garey Aitken, CFA
                                                                                                                                   Chief Investment Officer
                       Energy                   Energy Equipment & Services              Mike Richmond               Franklin Bissett Investment Management
                                                   Pipelines, Infrastructure               Izabel Flis
                      Materials                                                          Ryan Crowther
                      Industrials                                                        Jayson Moss
                                                                                         Jayson Moss
                Consumer Discretionary
                                                Retailing, Cable, Broadcasting             Izabel Flis
                  Consumer Staples                                                         Izabel Flis
                     Health Care                                                         Jayson Moss
                      Financials                                           Ana           Tim Caulfield
                 Information Technology  Sub                               lyst          Jayson Moss
      Sec     Telecommunication Services   -                               Cov             Izabel Flis
       tor             Utilities         Gro                               erag            Izabel Flis
                     Real Estate         up                                  e           Mike Richmond
                                                                                         Mike Richmond
                   Special Situations
                                                                                       Mitchell McCartney
                                                                                        Ralph Lindenblatt
                                                                                         Richard Fortin
                    Various Sectors                   Small/Micro Cap
                                                                                          Neil Forster
      1. Portfolio managers, research analysts and traders from the equity team and the fixed income team.
      CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.                                                                        5
                  Additional Resources Leveraging the Franklin Templeton Platform
                Risk Analysis  Equity Trading  Legal  ESG Team  Marketing and Distribution
 Investment Approach