Disclosures from third party content providers

The materials prepared or distributed by Franklin Distributors, LLC and its affiliates (collectively “Franklin Templeton”) may include data, commentary, quotes, research, analysis, tools, news and other information provided by companies that are not affiliated with Franklin Templeton (“Third Party Content”). Third Party Content will generally be clearly identified and is provided for informational purposes only. While we believe the sources of the Third Party Content to be reliable we make no representations or warranties as to the Third Party Content and do not guarantee their accuracy, timeliness, completeness or usefulness. Third Party Content is provided “AS IS” and neither the Third Party Content Providers nor Franklin Templeton shall have any liability related to the use or misuse of the Third Party Content provided. Moreover, our use of Third Party Content shall not be construed as an endorsement by or affiliation with the Third Party Content providers and Franklin Templeton’s products or services. Third Party Content may be protected by United States or international copyrights and may not be copied, used or distributed without the permission of the relevant Third Party Content Provider. All trademarks and service marks identifying Third Party Providers are property of their respective owners.