Proxy Voting

Franklin Templeton Investments is pleased to provide the proxy voting policies and procedures of its U.S. registered Investment Managers, as well as the proxy voting records of its mutual funds. With years of experience, Franklin Templeton’s Investment Managers understand that their proxy voting decisions may affect the value of shareholdings. Each Investment Manager is committed to fulfilling their fiduciary duty to vote proxies in the best interests of their shareholders. The proxy voting policies and procedures serve as a guideline for proxy voting decisions and detail the process by which such decisions are made.

Important Legal Information

Shares of the insurance funds of the Franklin Templeton Variable Insurance Products Trust (FTVIPT) are sold only to insurance company separate accounts to serve as the investment vehicles for variable contracts (Contracts), and are not offered to the public. Not all funds and classes are available in all Contracts. For more information on our insurance funds, contact your financial advisor or see the Contract prospectus, which includes the applicable FTVIPT fund.

For more information on any of our funds, contact your financial advisor or download a prospectus, which contains important information about a fund’s investment goals, sales charges, expenses and risks. Please read the prospectus carefully before investing. Franklin Templeton Distributors, Inc. One Franklin Parkway, San Mateo, CA 94403.

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Franklin Templeton Distributors, Inc.