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    Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.

      Footnotes

        Important Legal Information

        Distributions are made to those who are registered shareholders of the fund on the record date. Distributions are paid on the pay date. Estimates can change prior to the record date depending on market conditions and number of shares outstanding. All dates and distributions are subject to board approval. Net investment income distribution estimates do not include short- or long-term capital gain distributions the funds may be making. The actual amounts of net investment income shareholders will receive will be reported, along with any short-term capital gain distributions, as Ordinary Dividends on Form 1099-DIV.

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          By clicking “Yes” below, you acknowledge and agree as follows:

          1. Access to the Advantage Hypotheticals Tool is provided on your understanding that Franklin Templeton is not acting as an “investment adviser” (as defined under the Investment Advisers Act of 1940) or as a “fiduciary” (as defined under the Employee Retirement Income Security Act of 1974), nor is engaged in rendering impartial investment advice, legal, accounting, fiduciary, tax or other professional services to you or your customers.
          2. You are a representative of a broker-dealer or investment adviser (together, “your firm”) registered with the SEC, FINRA and/or the applicable states in which you or your firm conduct business. You, your firm, and your firm’s personnel (i) are capable of evaluating investment risks independently, both in general and with regard to all transactions and investment strategies involving a security or securities; and (ii) will exercise independent judgment in evaluating any information provided by the Tool.
          3. While certain holdings identified in the Tool’s output report may be managed by Franklin Templeton, Franklin Templeton is not providing individualized investment advice or investment recommendations to your clients. Only you can determine what to recommend to your client based on your client’s particular investment needs. The output report is intended for informational and educational purposes only.