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Reorganizations

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Liquidations

There are no active product liquidations.

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Name Changes

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Repositions

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Proxies

There are no active product proxies.

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Completed

The following products have undergone changes within the last three months.

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All investments involve risks, including possible loss of principal.

Before investing, your clients should carefully consider a fund’s investment objectives, risks, charges and expenses. You can find this and other information in each prospectus, or summary prospectus, if available, at franklintempleton.com. Your clients should read it carefully.

Not FDIC Insured | May Lose Value | No Bank Guarantee

Franklin Distributors, LLC. Member FINRA/SIPC.

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