<SEC-DOCUMENT>0000916488-25-000005.txt : 20250506
<SEC-HEADER>0000916488-25-000005.hdr.sgml : 20250506
<ACCEPTANCE-DATETIME>20250506112641
ACCESSION NUMBER:		0000916488-25-000005
CONFORMED SUBMISSION TYPE:	40-17F2
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20250506
DATE AS OF CHANGE:		20250506
EFFECTIVENESS DATE:		20250506

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEMPLETON EMERGING MARKETS FUND
		CENTRAL INDEX KEY:			0000809708
		ORGANIZATION NAME:           	
		EIN:				592767040
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		40-17F2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04985
		FILM NUMBER:		25916071

	BUSINESS ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923
		BUSINESS PHONE:		954-527-7500

	MAIL ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEMPLETON EMERGING MARKETS FUND INC
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEMPLETON EMERGING MARKETS FUND
		CENTRAL INDEX KEY:			0000809708
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		ORGANIZATION NAME:           	
		EIN:				592767040
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		40-17F2

	BUSINESS ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923
		BUSINESS PHONE:		954-527-7500

	MAIL ADDRESS:	
		STREET 1:		300 S.E. 2ND STREET
		CITY:			FORT LAUDERDALE
		STATE:			FL
		ZIP:			33301-1923

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TEMPLETON EMERGING MARKETS FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-17F2
<SEQUENCE>1
<FILENAME>temf17f2-20252.htm
<DESCRIPTION>40-17F2
<TEXT>
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<title>Untitled Document</title>
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<p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal; text-decoration:none;">UNITED
STATES</p><p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal; text-decoration:none;">SECURITIES
AND EXCHANGE COMMISSION</p><p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal;
text-decoration:none;">WASHINGTON, D.C. 20549</p><p style="font-size:8.0pt; font-family:Arial; text-align:center;
font-weight:normal; text-decoration:none;">FORM N-17F-2</p><p style="font-size:8.0pt; font-family:Arial;
text-align:center; font-weight:normal; text-decoration:none;">CERTIFICATE OF ACCOUNTING OF SECURITIES
AND SIMILAR</p><p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal; text-decoration:none;">INVESTMENTS
IN THE CUSTODY OF</p><p style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal;
text-decoration:none;">MANAGEMENT INVESTMENT COMPANIES</p><p style="font-size:8.0pt; font-family:Arial;
text-align:center; font-weight:normal; text-decoration:none;">PURSUANT TO RULE N-17F-2 [17 CFR 270.17f-2]</p><table
cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="0" style="clear:both"><tr
style="font-size:1pt;"><td style="width:5.01%;" >&nbsp;</td><td style="width:8.99%;" >&nbsp;</td><td
style="width:17.09%;" >&nbsp;</td><td style="width:13.21%;" >&nbsp;</td><td style="width:14.64%;" >&nbsp;</td><td
style="width:6.32%;" >&nbsp;</td><td style="width:11.78%;" >&nbsp;</td><td style="width:22.96%;" >&nbsp;</td></tr><tr><td
colspan="5" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">1. Investment Company Act File Number:</p></td><td colspan="3"
style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">Date Examination completed:</p></td></tr><tr><td colspan="5" style=" vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; text-indent:36.0pt; font-weight:normal; text-decoration:none;">811-04985</p></td><td
colspan="3" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
text-indent:21.6pt; font-weight:normal; text-decoration:none;">April 28, 2025</p></td></tr><tr><td colspan="5"
style=" vertical-align:top; font-size:1pt;">&#160;</td><td colspan="3" style=" vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td
colspan="5" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">2. State Identification Number:</p></td><td colspan="3" style="
vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="2" style=" vertical-align:top;
font-size:1pt;">&#160;</td><td style="vertical-align:top; font-size:1pt;">&#160;</td><td style="vertical-align:top;
font-size:1pt;">&#160;</td><td colspan="2" style=" vertical-align:top; font-size:1pt;">&#160;</td><td style="vertical-align:top;
font-size:1pt;">&#160;</td><td style="vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td colspan="2"
style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">AL</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">AK</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">AZ</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">AR</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">CA </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">CO</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">CT</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">DE </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">DC</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">FL</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">GA</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">HI</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">ID</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">IL</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">IN</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">IA</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">KS</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">KY</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">LA</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">ME</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">MD</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">MA</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">MI</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">MN</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">MS</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">MO</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">MT</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">NE</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">NV </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">NH</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">NJ</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">NM</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">NY</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">NC</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">ND </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">OH</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">OK</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">OR</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">PA</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">RI</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">SC </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">SD</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">TN</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">TX </p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">UT</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">VT</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">VA</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">WA</p></td></tr><tr><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">WV</p></td><td style="vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">WI</p></td><td style="vertical-align:top;"><p
style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">WY</p></td><td
colspan="2" style=" vertical-align:top;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">PUERTO RICO</p></td><td style="vertical-align:top; font-size:1pt;"
>&nbsp;</td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td colspan="8" style="
vertical-align:top; font-size:1pt;">&#160;</td></tr><tr><td colspan="8" style=" vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">3. Exact name of investment
company as specified in registration statement:</p></td></tr><tr><td colspan="8" style=" vertical-align:top;
font-size:1pt;">&#160;</td></tr><tr><td colspan="8" style=" vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">Templeton Emerging Markets
Fund</p></td></tr><tr><td style="vertical-align:top; font-size:1pt;">&#160;</td><td colspan="7" style=" vertical-align:top;
font-size:1pt;">&#160;</td></tr><tr><td colspan="8" style=" vertical-align:top;"><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">4. Address of principal
executive office: (number, street, city, state, zip code)</p></td></tr><tr><td colspan="8" style=" vertical-align:top;
font-size:1pt;">&#160;</td></tr></table><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">300 S.E. 2nd Street, Fort Lauderdale, FL 33301-1923</p>
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<p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">[PWC
Logo]</p><p style="font-size:11.0pt; font-family:Arial; text-align:center; font-weight:bold; font-style:normal;"><font
style="font-size:11.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Report
of Independent Accountants</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">To the Boards of Trustees and Management of:</p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Custodian Funds
</font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
ETF Trust</font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin Fund Allocator Series </font><br><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Franklin Global Trust</font><br><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Gold and Precious
Metals Fund </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin High Income Trust</font><br><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Franklin Investors Securities Trust </font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Limited Duration Income Trust </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Managed Trust</font><br><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Real Estate
Securities Trust </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin Strategic Mortgage Portfolio </font><br><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Strategic Series</font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Templeton ETF Trust</font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin Templeton Variable Insurance Products Trust</font><br><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin U.S. Government
Money Fund </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin Universal Trust</font><br><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Institutional Fiduciary Trust</font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Developing Markets Trust </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Templeton Emerging Markets Fund</font><br><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Emerging Markets
Income Fund </font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Templeton Global Investment Trust </font><br><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Templeton Income Trust </font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Institutional Funds</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">And the Boards of Directors and Management of: </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"><br><br></font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Dragon Fund, Inc.</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">We have examined management's assertion, included in the accompanying Management
Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940, that the
Funds listed in Attachment A (the &#8220;Funds&#8221;) complied with the requirements of subsections (b) and
(c) of Rule 17f-2 under the Investment Company Act of 1940 (&#8220;the Act&#8221;) (the &#8220;specified requirements&#8221;)
as of November 30, 2024. The Funds&#8217; management is responsible for its assertion and the Funds' compliance
with the specified requirements. Our responsibility is to express an opinion on management's assertion
about the Funds' compliance with the specified requirements based on our examination.</p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">Our examination was conducted
in accordance with attestation standards established by the American Institute of Certified Public Accountants.
Those standards require that we plan and perform the examination to obtain reasonable assurance about
whether management&#8217;s assertion about compliance with the specified requirements is fairly stated, in
all material respects. An examination involves performing procedures to obtain evidence about whether
management&#8217;s assertion is fairly stated in all material respects. The nature, timing and extent of
the procedures selected depend on our judgment, including an assessment of the risks of material misstatement
of management&#8217;s assertion, whether due to fraud or error. We believe that the evidence we obtained
is sufficient and appropriate to provide a reasonable basis for our opinion.</p><p style="font-size:7.5pt;
font-family:Arial; text-align:left; color:#000000; font-weight:normal; text-decoration:none;">PricewaterhouseCoopers
LLP, 405 Howard Street, Suite 600, San Francisco, CA 94105 T: (415) 498 5000, www.pwc.com/us</p>
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<p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">[PWC
Logo]</p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">Included
among our procedures were the following tests performed as of November 30, 2024, and with respect to
agreement of security purchases and sales or maturities, for the period from July 1, 2024 (the date of
our last examination), through November 30, 2024:</p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
text-indent:-18.0pt; font-weight:normal; margin-left:46.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">-</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Confirmation
of all securities held by Franklin Templeton Investors Services, Inc. (the &#8220;Transfer Agent&#8221;),</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">as</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">they
pertain</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">to</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">the</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">security</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">positions</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">owned
by</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">the</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Funds</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">held</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">in</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">book</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">entry</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">form</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal;
margin-left:46.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Georgia; font-style:normal;
font-weight:normal; text-decoration:none;">-</font><font style="word-spacing:10.0pt;">&#160;</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Reconciliation
of all such securities to the books and records of the Funds and the Transfer</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Agent</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; text-indent:-18.0pt; font-weight:normal; margin-left:46.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Georgia; font-style:normal; font-weight:normal; text-decoration:none;">-</font><font
style="word-spacing:10.0pt;">&#160;</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Agreement</font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">of</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">635</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">security</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">purchases</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">and</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">780</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">security</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">sales</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">or</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">maturities</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">since</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">our</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">last</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">
</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">report
from the books and records of the Funds to the records of the Transfer Agent</font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"> </font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">confirmations</font></p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">Our
examination does not provide a legal determination on the Funds&#8217; compliance with the specified requirements.</p><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">We
are required to be independent and to meet our other ethical responsibilities in accordance with relevant
ethical requirements related to the engagement.</p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">In our opinion, management's assertion that the Funds complied
with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940
as of November 30, 2024 with respect to securities reflected in the investment accounts of the Funds
are fairly stated, in all material respects.</p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">This report is intended solely for the information and use
of management and the Boards of Trustees or Boards of Directors of the Funds and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone other than these specified parties.</p><p
style="font-size:10.0pt; font-family:Arial; text-align:justify; font-weight:normal; margin-left:36.0pt;
text-decoration:none;">/s/PRICEWATERHOUSECOOPERS, LLP</p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">                   </p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">                  April
28, 2025</p><p style="font-size:9.0pt; font-family:Arial; text-align:center; font-weight:normal; margin-left:36.0pt;
text-decoration:none;">2</p>
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<p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">[PWC
Logo]</p><p style="font-size:11.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:14.0pt;
text-decoration:none;">Attachment A</p><table cellspacing="0" style="border-collapse:collapse" width="100%"
cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:59.18%;" >&nbsp;</td><td
style="width:40.82%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Custodian Funds:</p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; text-decoration:none;">         Examination Period</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin DynaTech Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Growth Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Income Fund</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
U.S. Government Securities Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Utilities Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
ETF Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Short Duration U.S. Government ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin Fund Allocator
Series:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Conservative Allocation Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Corefolio Allocation
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Emerging Market Core Equity (IU) Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Global Allocation
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Growth Allocation Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin International Core Equity (IU) Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart Retirement Income Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin LifeSmart 2020
Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin LifeSmart 2025 Retirement Target Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2030 Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin LifeSmart 2035
Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin LifeSmart 2040 Retirement Target Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2045 Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin LifeSmart 2050
Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin LifeSmart 2055 Retirement Target Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2060 Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Moderate Allocation
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
U.S. Core Equity (IU) Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin Global Trust:</p></td><td
style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Emerging Market Debt Opportunities Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin International
Growth Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Franklin Gold and Precious Metals Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
High Income Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
High Income Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold;
margin-left:10.0pt; text-decoration:none;">Franklin Investors Securities Trust:</p></td><td style="vertical-align:top;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Convertible
Securities Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Equity Income Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:41.05pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin Floating Rate Daily Access Fund</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:41.05pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Low Duration Credit Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Low Duration Total Return Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr></table>
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<p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">[PWC
Logo]</p><table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:61.56%;" >&nbsp;</td><td style="width:38.44%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; font-size:1pt;"><p style="font-size:6.5pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Franklin Low Duration U.S. Government Securities
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Managed Income Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Total Return Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
Limited Duration Income Trust</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin Managed Trust:</p></td><td
style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Rising Dividends Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold;
margin-left:10.0pt; text-decoration:none;">Franklin Real Estate Securities Trust:</p></td><td style="vertical-align:top;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Real Estate
Securities Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Franklin Strategic Mortgage Portfolio</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Strategic Series:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Biotechnology Discovery Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:41.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Growth Opportunities
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Natural Resources Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Small Cap Growth Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Small-Mid Cap Growth Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Strategic Income Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Templeton SMACS: Series E</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Templeton SMACS: Series I</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Templeton ETF Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Emerging Market Core Dividend Tilt Index ETF</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"><sup>a</sup></font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Exponential Data ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Focused Growth ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Asia ex Japan ETF</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"><sup>a</sup></font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin FTSE Australia
ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Brazil ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Canada ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE China ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Europe ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin FTSE Eurozone ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Germany ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Hong Kong ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin FTSE India ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Japan ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Japan Hedged ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin FTSE Latin America ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Mexico ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Saudi Arabia ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin FTSE South Korea ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Switzerland ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Taiwan ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin FTSE United Kingdom ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
International Core Dividend Tilt Index ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Ultra Short
Bond ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin U.S. Core Bond ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin U.S. Core Dividend Tilt Index ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin U.S. Equity Index ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
U.S. Large Cap Multifactor Index ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin U.S. Mid Cap
Multifactor Index ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin U.S. Small Cap Multifactor Index ETF</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr></table>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:61.56%;" >&nbsp;</td><td style="width:38.44%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; font-size:1pt;"><p style="font-size:8.0pt; font-family:Arial; text-align:left;
font-weight:normal; text-decoration:none;">[PWC Logo]</p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin U.S. Treasury
Bond ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold;
margin-left:10.0pt; text-decoration:none;">Franklin Templeton Variable Insurance Products Trust:</p></td><td
style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Allocation VIP Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin DynaTech VIP Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:41.4pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Income VIP Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Rising Dividends VIP Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:41.05pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin Small Cap Value VIP Fund</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Small-Mid Cap Growth VIP Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:41.05pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Strategic Income
VIP Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin VolSmart Allocation VIP Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Developing Markets VIP Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Foreign VIP
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:41.4pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Templeton </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#212121; font-weight:normal; text-decoration:none;">Global Bond VIP Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Franklin
U.S. Government Money Fund</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"><sup>a</sup></font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr></table><table cellspacing="0"
style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td
style="width:61.77%;" >&nbsp;</td><td style="width:38.23%;" >&nbsp;</td></tr><tr><td style="vertical-align:top;
font-size:1pt;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Franklin Universal Trust</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Institutional
Fiduciary Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Money
Market Portfolio</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Templeton Developing Markets Trust</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton
Emerging Markets Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Templeton Emerging Markets Income Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Global Investment Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Templeton SMACS: Series EM</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Emerging Markets Small Cap Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:41.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Global Balanced
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Income Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Global Bond Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Templeton Global Total Return Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
International Bond Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Templeton Sustainable Emerging Markets Bond Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Institutional Funds:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">International Equity Series</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton
Dragon Fund, Inc.</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:10.0pt; font-style:normal;"><br><font style="font-size:8.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Legend:</font></p><p style="font-size:8.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font style="font-size:8.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a: </font><font style="font-size:8.0pt;
font-family:Georgia; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">&#160;</font><font
style="font-size:8.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">June
30, 2024 represents the date of our last examination.</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr></table>
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<p style="font-size:8.0pt; font-family:Sans-Serif; text-align:left; color:#004FA6; font-weight:bold;
font-style:normal;"><img src="img_4d70b5627cdc4.jpg"><font style="font-size:12.0pt; font-family:Arial;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">
                                                                 </font><font style="font-size:8.0pt;
font-family:Sans-Serif; font-style:normal; color:#004FA6; font-weight:bold; text-decoration:none;">
              </font></p><p style="font-size:6.0pt; font-family:Serif; text-align:right; color:#000000;
font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal;
color:#004FA6; font-weight:bold; text-decoration:none;">Franklin Templeton Services, LLC</font></p><p
style="font-size:6.0pt; font-family:Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">3355 Data Drive</font></p><p style="font-size:6.0pt; font-family:Serif; text-align:right;
color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">Rancho Cordova, CA 95670</font></p><p
style="font-size:6.0pt; font-family:Serif; text-align:right; color:#000000; font-weight:normal; font-style:normal;"><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">tel</font><font
style="font-size:8.0pt; font-family:Sans-Serif; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;"> (800) 632.2350</font></p><p style="font-size:18.0pt; font-family:Serif; text-align:right;
color:#000000; font-weight:normal; font-style:normal;"><font style="font-size:8.0pt; font-family:Sans-Serif;
font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">franklintempleton.com</font></p><div
style="border-bottom:0.75pt; border-bottom-style:solid; border-bottom-color:#000000; padding:0pt 0pt
1pt 0pt;"><div style="font-size:8.0pt; font-family:Arial; font-style:normal; text-align:left; font-weight:bold;"></div></div><p
style="font-size:8.0pt; font-family:Arial; text-align:center; font-weight:normal; font-style:normal;"><br><font
style="font-size:8.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Management
Statement Regarding Compliance with Certain</font></p><p style="font-size:8.0pt; font-family:Arial; text-align:center;
font-weight:bold; text-decoration:none;">Provisions of the Investment Company Act of 1940</p><p style="font-size:10.0pt;
font-family:Sans-Serif; font-style:normal; text-align:left; font-weight:normal; text-decoration:none;">We,
as members of management of the Funds listed in Attachment A (the &#8220;Funds&#8221;), are responsible for complying
with the requirements of subsections (b) and (c) of Rule 17f-2, Custody of Investments by Registered
Management Investment Companies, of the Investment Company Act of 1940. We are also responsible for establishing
and maintaining effective internal controls over compliance with those requirements. We have performed
an evaluation of the Funds' compliance with the requirements of subsections (b) and (c) of Rule 17f-2
as of November 30, 2024, and from July 1, 2024 through November 30, 2024.</p><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt;
font-family:Sans-Serif; font-style:normal; font-weight:normal; text-decoration:none;">Based on this evaluation,
we assert that the Funds were in compliance with the requirements of subsections (b) and (c) of Rule
17f-2 of the Investment Company Act of 1940 as of November 30, 2024, and from July 1, 2024 through November
30, 2024, with respect to securities reflected in the investment account of the Funds.</font></p><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">By:</p><p style="font-size:10.0pt;
font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:underline;">/s/CHRISTOPHER
KINGS</font><br><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Christopher Kings</font></p><p style="font-size:10.0pt; font-family:Sans-Serif;
text-align:left; font-weight:normal; font-style:italic;"><font style="font-size:10.0pt; font-family:Arial;
font-style:italic; font-weight:normal; text-decoration:none;">Chief Executive Officer - Finance and Administration</font></p><p
style="font-size:10.0pt; font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:italic;"><font
style="font-size:10.0pt; font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">Franklin
Templeton Group of Funds</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Date </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:underline;">April 28, 2025</font></p><p style="font-size:10.0pt;
font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:underline;">/s/JEFFREY W. WHITE</font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Jeffrey
W. White</font></p><p style="font-size:10.0pt; font-family:Sans-Serif; text-align:left; font-weight:normal;
font-style:italic;"><font style="font-size:10.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">Chief Financial Officer, Chief Accounting Officer and Treasurer</font></p><p style="font-size:10.0pt;
font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:italic;"><font style="font-size:10.0pt;
font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">Franklin &amp; Templeton
Funds Boards</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Date </font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:underline;">April 28, 2025</font></p><p style="font-size:10.0pt;
font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:underline;">/s/VIVEK PAI</font><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Vivek
Pai</font></p><p style="font-size:10.0pt; font-family:Sans-Serif; text-align:left; font-weight:normal;
font-style:italic;"><font style="font-size:10.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">Chief Financial Officer, Chief Accounting Officer and Treasurer</font></p><p style="font-size:10.0pt;
font-family:Sans-Serif; text-align:left; font-weight:normal; font-style:italic;"><font style="font-size:10.0pt;
font-family:Arial; font-style:italic; font-weight:normal; text-decoration:none;">Franklin Templeton ETF
Trust</font></p><p style="font-size:10.0pt; font-family:Sans-Serif; text-align:left; font-weight:normal;
font-style:italic;"><font style="font-size:10.0pt; font-family:Arial; font-style:italic; font-weight:normal;
text-decoration:none;">Franklin ETF Trust</font></p><p style="font-size:10.0pt; font-family:Arial; text-align:left;
font-weight:normal; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Date </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:underline;">April 28, 2025</font></p>
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<p style="font-size:11.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:14.0pt;
text-decoration:none;">Attachment A</p><table cellspacing="0" style="border-collapse:collapse" width="100%"
cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td style="width:59.18%;" >&nbsp;</td><td
style="width:40.82%;" >&nbsp;</td></tr><tr><td style="vertical-align:top; font-size:1pt;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; font-style:normal;"><br><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
Custodian Funds:</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; text-decoration:none;">         </p><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; text-decoration:none;">         Examination Period</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin DynaTech Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Growth Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Income Fund</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
U.S. Government Securities Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Utilities Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
ETF Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Short Duration U.S. Government ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin Fund Allocator
Series:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Conservative Allocation Fund </font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Corefolio Allocation
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Emerging Market Core Equity (IU) Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Global Allocation
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Growth Allocation Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin International Core Equity (IU) Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart Retirement Income Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin LifeSmart 2020
Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin LifeSmart 2025 Retirement Target Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2030 Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin LifeSmart 2035
Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin LifeSmart 2040 Retirement Target Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2045 Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin LifeSmart 2050
Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin LifeSmart 2055 Retirement Target Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
LifeSmart 2060 Retirement Target Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Moderate Allocation
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
U.S. Core Equity (IU) Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin Global Trust:</p></td><td
style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Emerging Market Debt Opportunities Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin International
Growth Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Franklin Gold and Precious Metals Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
High Income Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
High Income Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold;
margin-left:10.0pt; text-decoration:none;">Franklin Investors Securities Trust:</p></td><td style="vertical-align:top;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Convertible
Securities Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Equity Income Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:41.05pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin Floating Rate Daily Access Fund</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:41.05pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Low Duration Credit Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Low Duration Total Return Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr></table>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:61.56%;" >&nbsp;</td><td style="width:38.44%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; font-size:1pt;"><p style="font-size:6.5pt; font-family:Arial; text-align:left;
font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Franklin Low Duration U.S. Government Securities
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Managed Income Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Total Return Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Franklin
Limited Duration Income Trust</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin Managed Trust:</p></td><td
style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Rising Dividends Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold;
margin-left:10.0pt; text-decoration:none;">Franklin Real Estate Securities Trust:</p></td><td style="vertical-align:top;
font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Real Estate
Securities Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Franklin Strategic Mortgage Portfolio</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Strategic Series:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Biotechnology Discovery Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:41.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Growth Opportunities
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Natural Resources Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Small Cap Growth Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Small-Mid Cap Growth Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Strategic Income Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Templeton SMACS: Series E</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Templeton SMACS: Series I</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin
Templeton ETF Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Emerging Market Core Dividend Tilt Index ETF</font><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;"><sup>a</sup></font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Exponential Data ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Focused Growth ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Asia ex Japan ETF</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;"><sup>a</sup></font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin FTSE Australia
ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Brazil ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Canada ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE China ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Europe ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin FTSE Eurozone ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Germany ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Hong Kong ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin FTSE India ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Japan ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Japan Hedged ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin FTSE Latin America ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Mexico ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Saudi Arabia ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin FTSE South Korea ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
FTSE Switzerland ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin FTSE Taiwan ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin FTSE United Kingdom ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
International Core Dividend Tilt Index ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Ultra Short
Bond ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin U.S. Core Bond ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin U.S. Core Dividend Tilt Index ETF</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin U.S. Equity Index ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
U.S. Large Cap Multifactor Index ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin U.S. Mid Cap
Multifactor Index ETF</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin U.S. Small Cap Multifactor Index ETF</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">Franklin U.S. Treasury Bond ETF</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;
font-size:1pt;" >&nbsp;</td></tr></table>
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<table cellspacing="0" style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr
style="font-size:1pt;"><td style="width:61.56%;" >&nbsp;</td><td style="width:38.44%;" >&nbsp;</td></tr><tr><td
style="vertical-align:top; font-size:1pt;" >&nbsp;</td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Franklin Templeton Variable
Insurance Products Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Allocation VIP Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
DynaTech VIP Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:41.4pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Income VIP Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Rising Dividends VIP Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:41.05pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Small Cap Value VIP Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin
Small-Mid Cap Growth VIP Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:41.05pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Franklin Strategic Income
VIP Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin VolSmart Allocation VIP Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Developing Markets VIP Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Foreign VIP
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; color:#000000; font-weight:normal; margin-left:41.4pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000;
font-weight:normal; text-decoration:none;">Templeton </font><font style="font-size:10.0pt; font-family:Arial;
font-style:normal; color:#212121; font-weight:normal; text-decoration:none;">Global Bond VIP Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; color:#000000; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; color:#000000; font-weight:bold; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">Franklin
U.S. Government Money Fund</font><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
color:#000000; font-weight:bold; text-decoration:none;"><sup>a</sup></font><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; color:#000000; font-weight:bold; text-decoration:none;">&#160;</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr></table><table cellspacing="0"
style="border-collapse:collapse" width="100%" cellpadding="2" style="clear:both"><tr style="font-size:1pt;"><td
style="width:61.77%;" >&nbsp;</td><td style="width:38.23%;" >&nbsp;</td></tr><tr><td style="vertical-align:top;
font-size:1pt;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt;
font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold;
text-decoration:none;">Franklin Universal Trust</font><font style="font-size:6.5pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July
1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Institutional
Fiduciary Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Money
Market Portfolio</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Templeton Developing Markets Trust</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton
Emerging Markets Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:10.0pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:bold; text-decoration:none;">Templeton Emerging Markets Income Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Global Investment Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Franklin Templeton SMACS: Series EM</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Emerging Markets Small Cap Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt;
font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November
30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial;
text-align:left; font-weight:normal; margin-left:41.4pt; font-style:normal;"><font style="font-size:10.0pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton Global Balanced
Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Income Trust:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
Global Bond Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Templeton Global Total Return Fund</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:40.8pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">Templeton
International Bond Fund</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p></td><td style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial;
text-align:left; font-weight:normal; text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">Templeton Sustainable Emerging Markets Bond Fund</font><font
style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:bold; margin-left:10.0pt; text-decoration:none;">Templeton
Institutional Funds:</p></td><td style="vertical-align:top; font-size:1pt;" >&nbsp;</td></tr><tr><td
style="vertical-align:top;"><p style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:40.8pt; font-style:normal;"><font style="font-size:10.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;">International Equity Series</font><font style="font-size:6.5pt;
font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr><tr><td style="vertical-align:top;"><p
style="font-size:6.5pt; font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:10.0pt; font-family:Arial; font-style:normal; font-weight:bold; text-decoration:none;">Templeton
Dragon Fund, Inc.</font><font style="font-size:6.5pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">a</font></p><p style="font-size:8.0pt; font-family:Arial; text-align:left; font-weight:normal;
margin-left:10.0pt; font-style:normal;"><font style="font-size:8.0pt; font-family:Arial; font-style:normal;
font-weight:normal; text-decoration:none;"><br><br></font><font style="font-size:8.0pt; font-family:Arial;
font-style:normal; font-weight:normal; text-decoration:none;">Legend:</font></p><p style="font-size:8.0pt;
font-family:Arial; text-align:left; font-weight:normal; margin-left:10.0pt; font-style:normal;"><font
style="font-size:8.0pt; font-family:Arial; font-style:normal; font-weight:normal; text-decoration:none;">a:
</font><font style="font-size:8.0pt; font-family:Georgia; font-style:normal; color:#000000; font-weight:normal;
text-decoration:none;">&#160;</font><font style="font-size:8.0pt; font-family:Arial; font-style:normal; font-weight:normal;
text-decoration:none;">June 30, 2024 represents the date of our last examination.</font></p></td><td
style="vertical-align:top;"><p style="font-size:10.0pt; font-family:Arial; text-align:left; font-weight:normal;
text-decoration:none;">July 1, 2024 &#8211; November 30, 2024</p></td></tr></table>
<!-- PAGEBREAK_START -->


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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
