Issued by Franklin Templeton Australia Limited (ABN 76 004 835 849, AFSL 240827).

Information on this website is intended to be of general information only and does not constitute investment or financial product advice. It expresses no views as to the suitability of the products or services described as to the individual circumstances, objectives, financial situation, or needs of any investor. You should conduct your own investigation or consult a financial adviser before making any decision to invest and to help determine if the information provided is suitable for your particular circumstances. Please read the relevant Product Disclosure Statements, and any associated reference documents before making an investment decision. Neither Franklin Templeton Australia, nor any other company within the Franklin Templeton group guarantees the performance of any Fund, nor do they provide any guarantee in respect of the repayment of your capital. In accordance with the Design and Distribution Obligations, we maintain Target Market Determinations for each of our Funds. All documents can be found via the Literature Page or by calling 1800 673 776.

Past performance is not necessarily indicative of future performance and may not necessarily be repeated. Returns are volatile and may go up and down significantly. Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. All investments involve risks, including possible loss of principal.

All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Changes in the credit rating of a bond, or in the credit rating or financial strength of a bond’s issuer, insurer or guarantor, may affect the bond’s value. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Equity securities are subject to price fluctuation and possible loss of principal. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The investment style may become out of favour, which may have a negative impact on performance. Active management does not ensure gains or protect against market declines. Liquidity risk arises when adverse market conditions affect the ability to sell assets when necessary. For further information relating to the risks that are relevant to this Fund, please refer to the relevant Product Disclosure Statement, Additional Information Booklet and Target Market Determination for the Fund found on our website here www.franklintempleton.com.au.

The reports that included the Lonsec Research ratings were published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec) for SSB1961AU on 29 April 2026, SSB0014AU on 3 November 2025, SSB2241AU on 8 September 2025, JPM0008AU on 30 April 2026, ETL0201AU on 21 April 2026, SSB0043AU on 28 October 2025, SSB0064AU on 28 October 2025, SSB3170AU on 31 March 2025, TGP0016AU on 6 January 2026, SSB6649AU on 6 January 2026, TGP0008AU on 6 January 2026, TGP0034AU on 6 January 2026, SSB5588AU on 31 March 2025, SSB0026AU on 24 April 2026, SSB0009AU on 29 October 2025, SSB0125AU on 28 October 2025, SSB4946AU on 28 October 2025, FRT0027AU on 24 October 2025, SSB0126AU on 6 May 2026, SSB2504AU on 13 October 2025, SSB0700AU on 30 March 2026, SSB0213AU on  30 March 2026, SSB1658AU on  30 March 2026, SSB7209AU on  30 March 2026, SSB1926AU on  30 March 2026, FRT0025AU on 24 October 2025, SSB0122AU on 3 November 2025, SSB0131AU on 3 November 2025, SSB8484AU on 3 November 2025, SSB8320AU on 3 November 2025. Lonsec receives a fee from fund managers for the preparation of reports. The report / rating is general advice only. An investor should be aware that: a) the advice has been prepared without taking into account an investors’ objectives, financial situation or needs; b) an investor should consider the appropriateness of the advice having regard to their own objectives, financial situation or needs before acting on the advice; and c) an investor should obtain a PDS relating to the product, consider the PDS and seek independent financial advice before making any decision about whether to acquire the product. The rating is not a recommendation to purchase, sell or hold any product. Past performance is not a reliable indicator of future performance. Ratings are prepared based on information available at the time of preparation and may be subject to change by Lonsec without notice. Visit lonsec.com.au for important documents (FSG, Conflicts Statement). © 2026 Lonsec. All rights reserved.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) ratings (SSB0515AU assigned 30 March 2026; SSB1961AU assigned 27 November 2025; SSB0014AU assigned 30 March 2026; ETL0201AU assigned 30 October 2025; SSB0043AU assigned 26 June 2025; SSB3170AU assigned 27 November 2025; TGP0016AU assigned 2 March 2026; SSB6649AU assigned 2 March 2026; TGP0008AU assigned 2 March 2026; TGP0034AU assigned 2 March 2026; SSB5588AU assigned 27 November 2025; SSB0026AU assigned 26 June 2025; SSB0009AU assigned 26 June 2025; SSB0125AU assigned 26 June 2025; FRT0027AU assigned 30 June 2025; SSB0126AU assigned 27 November 2025; SSB2504AU assigned 25 February 2026; FRT0025AU assigned 30 March 2026; SSB9218AU assigned 27 November 2025; SSB0122AU assigned 30 June 2025; SSB8484AU assigned 30 June 2025; SSB8320AU assigned 30 March 2026) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.

The Morningstar Medalist Rating™ for ClearBridge Emerging Markets Fund – Class A is 'Bronze' as at 27 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for ClearBridge Emerging Markets Fund – Class M is ‘Silver’ as at 27 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for ClearBridge Equity Income Fund – Class M is 'Bronze' as at 27 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for ClearBridge Global Infrastructure Value Fund – Class A is 'Bronze' as at 27 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for Franklin Australian Absolute Return Bond Fund - Class A is ‘Silver’ as at 27 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for Franklin Australian Absolute Return Bond Fund - Class M is ‘Gold’ as at 27 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for Franklin Global Growth Fund – Class A is 'Silver' as at 27 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for Franklin Global Growth Fund – Class A (Hedged) is 'Silver' as at 25 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for Franklin Global Growth Fund – Class M is 'Silver' as at 25 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for Franklin Global Growth Fund – Class M (Hedged) is 'Silver' as at 25 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for Western Asset Australian Bond Fund – Class A is ‘Silver’ as at 27 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for Western Asset Global Bond Fund – Class M is ‘Silver’ as at 27 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for Betashares Western Asset Australian Bond Active ETF is “Silver” as at 27 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0). The Morningstar Medalist Rating™ for Western Asset Global Bond - Class M is “Bronze” as at 27 April 2026 (Analyst-Driven % 100.0; Data Coverage % 100.0).

©2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its affiliates or content providers; (2) may not be copied,  adapted or distributed; (3) is not warranted to be accurate, complete or timely and 4) has been prepared for clients of Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), subsidiary of Morningstar. Neither Morningstar nor its content providers are responsible for any damages arising from the use and distribution of this information. Past performance is no guarantee of future results. Any general advice has been provided without reference to your financial objectives, situation or needs. For more information refer to our Financial Services Guide at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Morningstar’s publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Morningstar’s full research reports are the source of any Morningstar Ratings and are available from Morningstar or your adviser. To obtain advice tailored to your situation, contact a financial adviser. Some material is copyright and published under license from ASX Operations Pty Ltd ACN 004 523 782.

The Genium ratings (SSB0515AU and SSB7887AU assigned on 6 November 2025; FRT0027AU and FRT0028AU assigned 19 December 2025; SSB5738AU and SSB3125AU assigned 15 May 2025; SSB0122AU and SSB0057AU assigned 17 December 2025; SSB8320AU and SSB3326AU assigned 19 December 2025) presented here are issued by Genium Investment Partners Pty Ltd ABN 13 165 099 785, which is a Corporate Authorised Representative of Genium Advisory Services Pty Ltd ABN 94 304 403 582, AFSL 246580. The Ratings are limited to “General Advice” (s766B Corporations Act 2001 (Cth)) and has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without notice. Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision in relation to this financial product(s). Genium receives a fee from the Fund Manager for researching and rating the product(s). Visit Geniumip.com.au for information regarding Genium’s Ratings methodology.

Any prediction, projection or forecast on the economy, stock market, bond market or the economic trends of the markets is not necessarily indicative of the future or likely performance. All investments involve risks, including possible loss of principal.

Information on this website is intended to be of general information only and does not constitute investment or financial product advice. It expresses no views as to the suitability of the products or services described as to the individual circumstances, objectives, financial situation, or needs of any investor. You should conduct your own investigation or consult a financial adviser before making any decision to invest. Please read the relevant Product Disclosure Statements (PDSs), and any associated reference documents before making an investment decision. Neither Franklin Templeton Australia, nor any other company within the Franklin Templeton group guarantees the performance of any Fund, nor do they provide any guarantee in respect of the repayment of your capital. In accordance with the Design and Distribution Obligations, we maintain Target Market Determinations (TMD) for each of our Funds. All documents can be found via the Literature Page or by calling 1800 673 776.